THURSDAY, APRIL 16, 1931.
H.K. & SHANGHAI HOTEL.
¿Continued from page 1)
Buses Popular.
tion should undoubtedly then assume an extremely favourable aspect.
THE CHINA MAIL.
improvement in, the position of our investment in Peking, na a result of} I think it well to mention here being relieved of all debt, and aided thal, normally, the nature of the by a greater volume of business now Company's business involves mul experienced at the hotel there, will; titudinous small cash transactions cause an early termination of the daily, and the collective compounded long period of non-productiveness
benefits of these react most favour of this investment.
ap-
NEW
SHADOWS BEFORE ADVERTISEMENTS.
COMING EVENTS ANNOUNCED
IN CHINA MAIL.
Entertainmeats.
"Animal Crackers."
Today Queen'a
To-day King's Theatre;
Theatre;
Theatre;
Theatre;
You will be pleased to learn, inļ
jably so soon as our floating debt It is interesting to learn, in con-, connection with the bus services descends to the level of the figure nection with the bus service oper- operated by the Company, that the it approximates to-dny, Whilst onated by the Company, that the ser- services on a routes operated this subject I should like to point out vices on all routes have experienced have experienced considerable In-that for the six years 1925 to 1930, considerable increased popularity ereasoil popularity during the
period of extreme business depres-during the year, and the total num- year, and an increase in revenuesion, your Company has carried a ber of passengers
earried of approximately 17 per cent. over mortgage debt averaging steadily proximates nearly seven millions: fast year's figures has resulted
over $7,000,000 and has met in in-though the increase of revenue from from the augmented patronage.
thereon during that period the augmented patronage was offset
in a measure by increased coats of: operation due to a declining ex-
To-day World Theatre: change, with the result that the net profits of the Bus Department are "Last Performance" and "Hold
Your Man." practically about the same as the previous year.
terest $3,000,000.
As you will readily understand. the factor of adverse exchange has
Abnormal Factors. had also a very detrimental effect
During the years of which I have upon the costs of operation of our referred, abnormal factors
have bus routes, nevertheless, the satis- factory increase in revenue I have arisen tending to increase seriously our trading difficulties, and render just mentioned, has offset in a
In the measure the law exchange disad the times very "ean" ones.
[case of the year under review the vantages, with the result that the unprecedented depression of the profits produced by the Bus De-local currency has largely contribut partment last year are practically ed to the comparatively poor results the same as for the previous year. shown, for although the situation
Efcient Vehicles.
The vehicles comprising our bus Beet have been maintained in
high state of efficiency, and the relative costs included in revenue expenditure. No bus has been allotted an accretion in book value. although extensive overhauls have
has forced us to increase tariffs from time to time, nevertheless, it has not been deemed politic to pana on to patrons the full increase in prices on the ratio warranted by our inereased production costs.
"On the Right Side." In spite of the adverse times en- bees carried out to many vehicles,countered, however, your Board in some cases the molor bus bodies. having been entirely rebuilt. All have fortunately been able to pre-
this type of expenditure has been charged to working hefore com putation of the profits to which I have just referred. I feel that to have achieved such result, under
the conditions prevailing, reflects
sent to you regularly, during the period in question. Profit and Lose Accounts showing balances on the right side, and you will recollect ' that in respect of aeveral of those past years your Board did not re- commend the declaration of a divi-
considerable credit upon our garage dend out of the profits displayed, department management.
Diesel-Engined Buses.
The possibilities attaching to the utilisation of Diesel type oil engines are receiving our serious attention,
If the result of experiments now in
30.
due to the constricted liquid re- sources then available, and to the fact that projects involving heavy were then un- capital expenditure completed.
Currency Reform Needed.
"Strictly Unconventional."
Today Central "Laughing Lady."
Today Majestic "The Great Gabbo."
Lammert's Auctions, Tuesday-At Sales Room, black-
UNION CHURCH. Kennedy Road,
88th Anniversary, SUNDAY, April 19. Morning Service, 11 o'clock, Preacher: The Rishop of Victoria.
Evening Service, Go'clock, Preacher: The Rev. E. G. Powell. Sunday School, 10a.m.
G.
R.
PUBLIC AUCTION.
ARTICULARS & CONDITIONS
While on the subjeci of ex-wood and household furniture, of the Sale by Publle Auction
be held
change, which in this part of the m
April 23, 24 and 25-At Station to world, is a factor, overshadowing
on MONDAY, the all else in importance in the en- Hotel, Kowloon, household furniture, 20th day of April, 1931, at culations of the business man in 11.30 a.m.
8 pm, at the Offices of the Home Mails, all his transactions, especially in
Public Works Department, by To-morrow-Inward from Europe Order of His Excellency the Gov these difficult times, I feel surc
(Haruna Maru)ernor, of one Lot of Crown Land that I am merely voicing the via Negapatam wishes and views of all business from Europe Vin Siberia (IIakozaki at Tai Kok Tsai in the Colony.
Outward for Europe via of Hong Kong, for Maru). men that n currency of more
a term of 75 Stability and intrinsic value, and Siberia (Haruna Maru), 3.30 p.m. years, with the option of renewal also less addicted to such violent via Marseilles (Hakozaki Maru), 6 at Crown Rent to be Яxed
by the 'Surveyor of His Majesty the King, for one further term of
Meeting, April 27-Court of University, 75 years..
fluctuations by the mere opera-P.. tions or whims of irresponsible speculators outside the Colony's operative influence, should be 5.15 p.m. made available for the needs and requirements of all in the in- terests of trade and commerce of this important Colony.
Miscellaneous.
To-morrow-Lecture by Mr. B. G. Birch, University, 5.30 p.m.
Sports.
See Sports Diary on Page 9.
But the many difficulties in the way are not to be overlooked, and the lifelong gratitude and thanks of all who have the
H. Suckling (General Manager) Colony's welfare and interest at heart would be fully earned by and Mr. F. C. Barry (Secretary). Shareholders present were the the Commission of experts now Hon. Mr. J. P. Braga, F. Austin, studying this perplexing pro-J. T. Bagram, A. Brearley, R. blem, if they could only find or Gordon, J. Gould, T. R. Paraons, evolve some reasonably satisfac-G. H. Potts, P. J. Newman, A. W. tory solution goon.
A. Zimmern. M. Cario, F. A.
PARTICULARS OF THE LOT.
function
and Poplar street.
No, of Bals.
Registry No
Lucailly.
Q.
Boundary Meskorstents,
W.
IL
C
1. Abant
роз
nio plan. 7,457
R.
Today the situation is altered, progress leads to the adoption of this and much more favourable, and type of engine, a very large saving, having regard to the Improved posi in fuel costs should result, and ex- tion vis-a-vis our mortgage indebt- penditure on lubricating oils and edness previously mentioned, and that the long period of stagnant and Joseph, J. E. Joseph, N. J. N. In conclusion, I hope and trust Smith, C. E. White, W. E. Epe, general maintenance the appreciably, the further considerable improve-unsatisfactory business just referr de Figueiredo, U. M. Omar, O. F.
PUBLIC AUCTION. We are in close touch and co-ment resultant from the very good ed to by our Chairman is nearing Ribeiro, J. H. Ruttonjec, F. Silva, operation with our Home suppliers business experienced at our estabits end, and with our improved. A. Xavier, Chau Tung-shang, DARTICULARS & CONDITIONS, of vehicles on the matter and alllishments during the first quarter financial resources and position, possible
Lee Chew-ying, M. K. Lo, and Tax│I ́of the Sale by Public Auction avenues offering more
of this year, your Directors feel economical working will be exploit-that they are in no sense acting Im-now about to dawn upon us.
now era of more prosperity is also Yan-cheung.
to be held on MONDAY, the 20th day of April, 1931, at prudently in providing out of De- "Get Out of Shanghai!”
the Offices of the p.m., at You will doubtless be interested preciation Reserve--a reserve built Mr. Frank Austin, whilst add-
Public Works to learn that the bus mileage figures up from appropriations from pasting his expression of appreciation
Department, by for 1930 are 1,371,533 miles as com-profits-part of the depreciation to that of Mr. Joseph, said there
Order of His Excellency the Gov- pared with 1,199.103 miles in 1929, written off the Company's fixed as-were one or two things he would
ernor, of one. Lot of Crown Land an increase of 172,410 miles, and sets during the year, thus en-like to mention in connection with
at Tai Kok Tsui in the Colony wheres the number of passengers abling the dividend to be maintain the welfare of the Company. He
et Hong Kong, for a term of 75 carriol over all routes during 1929
years, with the option of renewal at in Crown Rent to be fixed by the Surveyor of His Majesty the King, for one further term of 75 years.
ed.
ed.
L
MR. J. E. JOSEPH.
,
PALESTINE POLICY.
EASTER HOLIDAYS PASS OFF QUIETLY.
AMICABLE TERMS.
Rugby, Yesterday. Asked in the House of Commons about the present position in Palestine. Dr. Drummond Shiels, Under-Secretary for the Colonies, said that apart from Isolated in- Easter cidents-the
had seen it grow from very small beginnings into a very big organi- sation. Hence he would like to suggest that it might be a good Mr. J. E. Joseph in seconding the thing for the company to concen- mation, sald:-
trate their efforts in Hong Kong. I feel confident that you willie thought that to run successful support me when I say that we have hotels both in Shanghai and Pe- all just latened with no little satis-king was a very difficult task. waya a difficult time-had passed faction and Interest to the gratify- "I suggest that when the oppor-off quietly. ing results of the past year's work-tunity arises the Company get out Replying to a supplementary ing so satisfactorily and clearly re- of their commitments in Shanghai question whether, since the pub- viewed and explained from the and Peking." Mr. Austin added,ication of the Prime Minister's Chair,
"and concentrate entirely in Hong letter to Dr. Weizmann, the Gov-
scason-al-
HOME POLITICS.
Although the total profits this year Kong, where there are opportun-ernment were in a position to get show a decrease of $60,000 as com- ities sufficient to give them a very the Jews and Arabs together to pared with the preceding one, the wide scope. It may be that they discuss an amicable, arrangement, "You promised to reform after result on the whole, as our Chair-are already thinking of doing so." Dr. Shiels indicated that the Gov- eating your mother-in-law."
man has pointed out, must not be Mr. Austin further suggested ernment was taking steps with "I have reformed. I only ate a regarded as unsatisfactory. For that the Company might well study that object--British Wireless Ser- very distant relative this time." this result was obtained in spite of the possibility of hiring upper vice.
Hummel, Hamburg. the very serious and continued floor space in the Gloucester Build- heavy depreciation in e change during, and thus cater for more visi- approximated 5% millions, for 1930
ing the major portion of the year tora. If the Shanghai commit- the number of passengers carried under review, with all its conse- ments, and others, could be dis- falls just short of 7 millions.
quential adverse effects on the oper- posed of, there would also be an Exchange's Effects.
ating costs of every department of opportunity of concentrating upon With regard to the matter of the
our various establishments, apart a really modern hotel on the appropriation recommended by the from the necessary replacement to Peak. "I venture to any there is Board for the year under review, plant and machinery, as well as the a bigger fortune awaiting the feel it is advisable that I should re-general equipment of the hotel. Company if they are willing to put While on the other hand it must up a really up-to-date hotel on the cross rate of exchange between be gratifying to learn that an ap-Peak." Hong Kong and Shanghai which preciable increase in patronage over An Impression Corrected. prevailed during the year.
thai enjoyed last year, was notice- The Chairman replied that The exchange position rendered
-
mind shareholders of the adverse
BY-ELECTION RESULT IN WOOLWICH,
LARGE MAJORITY,
London, Yesterday. The by-election at East Wool- wich, due to the elevation of the Labour member, Mr. Snell, to the Peerage, resulted as follows:-
.16,200 .12,357
difficult the transfer of funds stand-able. Coupled with this fact, it study of the figures would perhaps Hicks (Lab.) Ing to the credit of the Company in/must also be satisfactory to know show Mr. Austin that he need not | Shrapnell-Smith (Cong.)
advantage.
would like at once to correct what seemed to be a prevailing imprea- sion locally that the Hong Kong Hotels were going to retire from Shanghai.
..
As regards the idea of an hotel on the Peak, the Directors had the matter under consideration, but he thought the question would be bet-
ter deferred until the banking ac-
Majority
3,843
-Reuter.
SILVER PROBLEM.
SENATOR PITTMAN TO VISIT CHINA.
TO STUDY CONDITIONS.
New York, Yesterday. Senator Pittman, Chairman of
8
PARTICULARS OF THE LOT.
No. 2159.
No, of Bal
Registry
Locality.
*** Ki Long Street.
Boundary
Measurement
89. foot
R.
About
As per sale plan. 7,437 120
PUBLIC AUCTION
Bragt Price
THE Undersigned have received Tinstructions to sell by Public Auction
ON
TUESDAY, April 21, 1931, commercing at 2.30 pm.. at their Sales Room, 4. Duddell Street,
A. Large Quantity of BLACKWOOD FURNITURE. Comprising:-
Joss Tables, Curio Cabinets, Marble Top Jardinieres, Árm- chairs, Mah Jong Tables, Cabinets,
Marble Bedstead,
Тор Oplum Stools, Chests, Half Round Tables," Téa Poys, Oblong Tables, Desks, Lampstands, Marble Top Round Table, Table Screen, Chairs, Lan- teras, Lying Chairs, Couches, etc. and
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
including:—
Northern be. 'too anxious to dispose of the Shanghai-a large portion of which that returns from the
Of course, represented, the proceeds of sale of port, during the first quarter of the Northern property.
im-any business firm was always open current year, record further the Majestic Hotel property-to
the eor to receive offera. However, he effect reduction of Ite indebtedndas proved business over
responding paried last year. in Hong Kong, without entailing a
Gratifying Decrease. serious loss in exchange. Further-
Bank Interest, too, I feel sure we more, the prevalling state of the money market in the Northern portare all particularly pleased to note, precluded the employment of the is reduced by $109,415, due to the Company's surplus funds there to substantial decrease of the Com pany's Indebtedness, made possible Due to these factors the Profit by the receipt of funds representing and Leos Account for the past finan-the purchase price of the Majestic
Hotel property. clal year has to bear a heavier)
Under the existing conditions I count showed a credit balance, the Senate Foreign Relations Com- Chesterfield Couches and Arm- charge for bank Interest than would have been the case had more certainly approve of the increase of which might be expected, perhaps, mittee, announces that he is leav-chairs, Bookcases, Glass Cabinets, favourable exchange rates ruled, working capital by a new issue, as next year.
ing within a month for China to Dining Tables, Dining Chairs, Bir. Austin asked what was the study the silver depression and Sideboards, Teak Wardrobe with Since the end of the last financial Proposed, and if I may also say so,
I am surprised that more such calls, attitude of the Board to hle sug trade conditions with China. Bevelled Mirror, Dressing Tables, year, however, it has been possible
A Committee directed by Sena-Chest of Drawers, Card Table, to take advantage of a temporary by the Boards of other local com- gestion with regard to hiring floor favourable trend in exchange and panies, taking advantage of the pro space in the Gloucester Building tors Swanson and Shipstead will Marble Top Washstands. Iron and The Chairman replied that he leave for Europe shortly to confer Teak Bedsteads, Ornaments, Pic- transfer approximately 21 lace (outsent abnormal money, market con of. 18 lacs) of dollars from Shang-ditions prevailing here, which after did not think such a suggestion about the silver question. Routures, Hand Paintings, Crockery, bai to Hong Kong in reduction of all la really In the interests off carried out, would be profitable ter's American Service.. our indebtedness to the Bank in shareholdere, has not been more in to the Hotel Company.
Other Business, Fevidence already. Hong Kong. The current year's
Sir, Robert Ho Tung's appoint- For depreciation, too, liberal allow, working should therefore benefit materially from a caving in interest ance has been made, though it was ment as a Director was confirmed. consequential upon the transfer necessary and considered expedient and Mr. E. M. Raymond was re- to withdraw the sum of $200,000 clected to the Board on the motion from the "Depreciation Reserve" in of Mr. G.. H. Potts, seconded by A further reduction in our inter order to provide for the standard Mr. M. H. Lo. eat charge, is also foreshadowed in oot in past years in respect of the
mentioned.
New Share Issue,
Messrs, Percy. Smith, Seth &
view of your Board having doelded Company's various classes of as- Fleming were re-elected auditors to laaus, the balance of the shares ots
constituting the Company's un-)
•
Hopes For Peking.
on the motion of Mr..J: Gould, seconded by the Hon. Mr. J. P.
Issued capital. The issue of this All other item appearing in the Braga. new capital should make available, Balance Sheet-before us are vary from July, 1931, A further 20 lacs clearly ast forth and so call for no
Those Present, Supporting the Chairman vera
In a reduction of our indebtedness, further explanation. I venture to Messra. J. Scott Haraton Allon and the Company's financial pou express the hope, however, that the Cameron, and E. M. Raymond
(Directors), together with Mr. P.
YESTERDAY'S SOLUTION
DOTE BREV
NESTO
ESTON SEE AR
NOLAPERS MR TRIPS STEAM S GAR BARY PIANOS. ANN NAHADEEN REST
ONES
Glaas Ware, Ice Chests, Gramo- phone, Records, Brass Ware, Table Lamps, Table, Fans, Vases, Brass. Gongs, Cutlery, Blankote, Linen, Mosquito Nets, Rugs, Cloisonne!! Vases, Cooking Utenulla, etc.
On View from Monday, April 20,; 1981.
H. Terms: Cash on Delivery,
LAMMERT BROS....
Auctionecra.. Hong Kong, April 16, 1981.
S.S. KHIVA
The P. & O. s.s. Khiva from Hong Kong' arrived in London-on- April 14 at 9 am.
TAYTON JOHNSTONE Head the List
Columbia Newoods RECORDS
Brooods
DB378-What Good am I Without You? I'm Just Wearing Out My Heart.
DB377-Never Swat a Fly.
-Old Fashioned Girl.
DB353-Swingin' in a Hammock,
-Without a Gal. DB352-To-morrow is Another Day,
-Some as You Used to Do. DB316-More Than You Know.
Without a Song. DI281-Memories of Devon,
-One Night Alone With You. DB278 Say a Little Prayer for Me,
~~Adeleine.
DB275-Falling in Love Again.
-One Girl.
DB255-There's Danger in Your Eyes.
-Sweeping the Clouds Away.
DB251-On the Sunny Side of the Street,
-Exactly Like You.
DB221-Beware of Love,
-One Day.
THE ANDERSON MUSIC CO., LTD.
BOLS LOUEURS
Sole Agents:-
DO YOU REALIZE THAT EVERY BOLS BOTTLE CONTAINS A LIQUEUR OF QUALITY ? PERHAPS NOT THE CHEAPEST BUT CERTAINLY THE BEST BRAND ON THE MARKET.
EVERY BOLS BOTTLE IS
GUARANTEED BY THE LABELİ
CALDBECK, MACGREGOR & CO., LTD. (Incorporated under the Companior" Ordinances of Hong Kong). Frince's Building, Ice House Street, Hong Kong. Tel. 20075.
"BEWARE
""
Of cheap DRY CLEANING. So called CHEMICAL CLEANING is soap and water with a little spirit spotting, Such method does not preserve cloth from moth and other insects.
'What is GENUINE DRY CLEANING?" Removal. of all dust, spots, and soiling of a greasy matter by special spirit soaps and pure PETROLEUM BENZINĚ which can only be used in special machines, installed.. in a fully licensed building approved by the GOVERN- MENT. There is only one large installation in the COLONY.
THE STEAM LAUNDRY WORKS, Mongkok.
After cleaning the cloth is sterilized and pressed with the latest steam presses. All SUITS, OVERCOATS, etc., sent during May 1931 will receive ONE IMPROVED SANETEX MOTH PROOF BAG.
There is no surer method to preserve your clothes during the SUMMER than GENUINE DRY CLEANING and SEALING in a MOTH PROOF 'BAG.
THE STEAM LAUNDRY CO.
Head Office:-Mong Kok.
Kowloon Hotel Depot, Hankow Road Hong Kong Denot:-16, Stanley St., Kowloon Depot, 19, Canton Road.
Tel. 21279.
Poak Hotel Depot Hong Kong Hotel (visitors only).
Haig
ESCOTCH WHISKY
JOHN HAIG & Co.Ltd.
(Ownuig Hatg & HAÏK, LIGJ MARKINGH, SCOTLAND
KOOL HANG
470
Consumers, are requested to see that every bottle of John Haig
Gold Label Whisky on supplied by a bears the foot label thus: “Gande Price & Co., Ltd., Sole Agents for Hong Kong,"
Sola
Agente!
GANDE PRICE & CO., LTD.
St. George's Building, Ice House Street.
Dial 20135.
Hong Kong.