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NINETY - FIRST YEAR OF PUBLICATION

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THURSDAY, FEBRUARY 21, 1935.

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Roscoe Karns

From the notably New York ala za vetegan by đen thuilt

A HOWARD HAWKS Production

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TO-MORROW & SATURDAY

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MICKEY MOUSE PRESENTS ANOTHER

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MAJESTIC

TO-DAY ONLY AT 2.30, 5.20, 7.20, & 9.20

HE COULDN'T STAND THEIR HAPPINESS

so ha planned

a perfect crime!

Heavy seas may-pound th Ward liner Havana to pieces on the Mantanilla Shoals, 60 miles

off the Florida coast, where he ran on a reef. Two resetio vessels saved 98 passengers' and crew while a skeleton crew stayed aboard the ship with coast guard cutters standing by.

H.K. Tramway Co. Meeting OPIUM DEALING BY

I now propose the following re- solution:-

That the Report of the Direc tors and Statement of Accounts for the year ended December 31, 1934, as presented be adopted and that a Final Dividend of 75 cents: per share be paid for the year 1934."

Mr. F. A. Joseph and the Hon..

WIDOW

Small Boy Employed As Carrier

SENTENCE OF SIX MONTHS

IMPOSED:

For dealing in raw opium and

(Continued From Page 9)

"Investment Interest and Sundry Income Account" is apparently less by $6,747.92, but actually ordinary income for the year shows an in- crease under this heading, 1933 having benefited by an extra. ordinary item of $31,465.65 surplus jon Motor-Bus Realisation Account.

In pursuance of the policy out Sir Shou-son Chow, the retiring attempting to bribe a police offi- lined at the last and previous Directors, were re-elected on the cer, Lam Shuet-ping, a 28-year- old widow, was sentenced to Annual Meetings, you will note the proposal of Mr. D. V. Stevenson and terms totalling six months' im- increase in investments, which now second by Mr. J. F. Wright, Jr.

Grantham at the Kowloon Magis- stand at the substantial figure of Mr. G. H. Putts proposed that Prisonment by Mr. A. W. G. H. $1,149,768.32. 'In a year of de-Messrs. Lowe, clining local share values, it is Matthews be re-elected as suditors tracy this morning. Batisfactory to see that the market at a yearly remuneration of $2,500. value of our holdings at December This was second by Mr. Aw 31 last is only some $65,000, or 4.8 Heron. per cent., less than the book value,

n situation which will, no doubt,

right Itself in due course.

Dividend

Bingham and

Satisfactory

Mr. T. E. Pearce, in seconding the motion said:-

Detective-Sergeant Franklin,

stated that a ten-year-old boy of the Yaumati Police Station. was arrested in Temple Street. with one tael of raw opium in his possession, and that he took the police to No. 130 Shanghai Mr. Chairman and Gentlemen: Street, where the defendant' was On the way to the An interim dividend of 50 cente I rise with pleasure to second arrested. per share was paid in August last the Resolution which has just station she attempted to bribe the Chinese detective with $9.80. and after charging the cost of this, been proposed from the Chair.

The defendant pleaded not $325,000.00, writing-off the usual I feel certain that I am voicing, annual amount of $68,000.00 on.ac.the feelings of a very large ma- guilty to both charges, but after count of goodwill, etc. and transfer-jority of shareholders, when I say evidence had been given by the ring $100,000.00 to General Reserve we are well satisfied and most small boy and the two detectives Account, the balance available for gratified to find that; as a result who arrested her, she was sen- have tenced to three months impri- appropriation, including $146,691.58 of last year's working, we brought forward from 1933, is had such good report placed sonment on each charge.

At the conclusion of the case $599,220,84.

Your Directors recommend pay- When taking into consideration Mr. Humphreys, of the Revenue year Department, stated that he had on 180 per share costing $487,500.00, leav-through' which we have passed, twice conducted raids ing a balance of $111,720.84 to be the falling off in traffic receipts Shanghai Street and had seen the carried, forward to 1935. This appears to be remarkably small, defendant there on both occa-! makes a total distribution of $1.25 and the fact that the nett profit fons. He had, however, not been per share for the year 1984 which, was only down $93,907.67 must able to find any opium. considering the less favourable have come as an agreeable Bur- trading conditions, I feel aure you prise to our many shareholders will regard as satisfactory.

before us.

ment of a final dividend of 75 cents the abnormal

businesa

who look upon this Company as a

con-sound investment, and who have, shareholders. to congratulate the In conclusion I desire to

the tradict a statement which has gain- perhaps, been alarmed by the directors and executive on

the market year's working, and also, if I may, Jed currency in certain quarters, continued drop in

compliment those responsible for that in the year 1952 the Company's value of their shares.

: the amart appearance and clean- powers expiro and the tramway

Investments undertaking will be handed over to It is also most satisfactory to liness of our cars, and the general the Hong Kong Government. The learn that our very considerable efficiency in the management and facts, as stated by the Chairman at holding of $1,149,768.82 in invest-running of our Company. I ven- the Annual Meeting last year, are ments is only down some $55,000, ture to suggest we are second to that in 1952 or at the expiration of or 4.8 per cent; less than the book no other similar company in this every subsequent five-yearly period value. Local share values must respect.

the Government is entitled to surely be at the bottom, and with With these few remarks Mr. exercise its option of purchase by you, Mr. Chairman, I feel this Chairman, I beg to second the requiring the Company to sell its situation will right itself in "due adoption of the Report and Ac undertaking—at the then value course...

counts, and the proposal that a upon six months' notice of that in- Before seconding the Resolu-final dividend of 75 cents per tion.

Ition, I should like, on behalf of share be paid for the year 1934,

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EDWARD G.

ROBINSON

in First National's new hit

THE MAN WITH 2 FACES

MARY ASTOR ● RICARDO,

CORTEZ • MAR CLARKS

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