FIFTY YEARS' GROWTH
OF DAIRY FARM
CONFIDENT POSITION REVEALED
The history
AT ANNUAL MEETING
THE CHINA MAIL, MARCH 25, 1937.
HEAVY FINES ON RA. OFFICER
SEQUEL TO FATAL ACCIDENT
of the Dairy Farm in a strong paper hood. The applica R.A., who was in a fatal accident Lieut. D. H. N. Baker-Carr, Company was outlined at the annual tion of a wire welded at the point of in King's Road on March 15, was meeting of shareholders this morning, contact provides the when a final dividend of $1 per share feature.
tamper-proof
this morning fined $200 by Mr. was approved, together with a bonus of The protection to pouring lip and W. 10 cents per share.
Schofield at the Central bottle neck given by the hook is great importance since it prevents con-
of Magistracy for driving car No. tact of same by hand, flies and other 1889 without due care and cau- Gentlemen,-The rear under review outward means of infection.
tion. On a charge of having de- is of more than ordinary interest in The old Minutes disclose how much fective brakes he was fined a fur- that it is the 50th anniversary of the this company in its early stages owed ther $200, while for driving
The Chairman (the Hon. Mr. S. H. Dodwell said:
STOP PRESS
TEL 28022 or 33993-
London, To-day. British official circles in- clined to take Italian re- -fusal consider withdrawal volunteers from Spain calm-
Company, or perhaps it would be more to the dauntless spirit and foresight|without a licence he was finely. Opinion stated it sus-
The deceased left a widow and 11
correct to say that 50 years ago, in of Dr. Noble; Dr. Noble took a great the year 1887, the first Dairy Farm interest financially and otherwise in
$20. Company was formed, from which the Dairy Farm and so well did he and your present Company is directly de-his confreres lay the foundations that children and they had been compen- scended It started operations with the Company has grown from strength
fair treatment received from those en- East.
the small capital of $30,000 and due, to strength until to-day it is without sated by the defendant. as the first report stated "to the un-parallel in its own sphere in the Far Mr. O. E. C. Marton on behalf of trusted with the purchase of Cattle" Manager, Mr. Walker, deserves much brakes were not in first-class condi- In this development, our late defendant, said that though the it lost nearly half its capital and was credit for the carrying out of all duties tion they were not hopeless. In this only able to carry on by borrowing pertaining to his office.
ceptible to modification. According to "Daily Mail" British Ministers received assurance from Rome Ita- lian Government does not in- tend to break non-interven-
Herald" tion agreement. "Daily urges Mussolini should be told plainly that $24,000 from its Directors. In 1888 I will now turn your attention to case the defendant did not see the should hebreak non-inter- the Company made a small profit of the accounts before you which with man, till he was within five or six some $3,000 but prospect
vention pact Britain and have been encouraging for in 1889 the
the exception of a few entries are yards and nothing could be done.. France will supply Spanish capital was increased to $100,000 and very similar to those presented last
The car belonged to Captain Mic-Government with all arms, from that date until 1895, modest pro-count amounted to $661,342.22 which
year. The net profit on Working Ac-hell and the defendant had driven fits ranging from $3,000 to $7,000 are is some $14,000-less than was the it before and both he and Captain recorded annually, with the exception case last year. - of 1892 when a small loss was shown recall my having expressed the view good order.
You will probably Michell, thought the brakes were in
TROUBLE IN 1896
from the Chair last. year that the The whole of the profits of those promise of more stability in exchange due care and caution he pleaded
On the charge of driving without | years was distributed in dividends, would prove beneficial. However, de-
seem to
with the result that when in 1896 ad-spite my optimism" an improvement guilty. Defendant was returning verse circumstances arose, the Com-was not manifested in this Company's to Lyemun. When near the point pany had nothing to fall back on, and working until the latter part of the of mishap he dipped his lights to an was forced to go into voluntary year, a condition which I think appli-on-coming car, which did not do so. liquidation. Nothing daunted, howed generally throughout the Colony. His attention was engaged with the
ever, the Directors formed
2 new The balance transferred from Profit
near
Company called. The Dairy Farm Co. & Loss Account to the Balance Sheet car for a few seconds and he did Ltd. (New) which operated compara amounts to $43,343.65 as compared not see the man until almost on tively successfully on a capital of with $432,972.30 last year, the drop him: There was a pillar box $60,000 until 1905 when this was in-in working account profits having and perhaps deceased had stepped creased to $150,000. The fortunes of been offset by the act that it the Company continued to improve not this year necessary to depreciate
was from behind it. Defendant had al with the growth of the Colony until in Investments which last year were de-lowed his attention to wander for 1917 we find it with a capital of! $360,000. Accumulated Reserves
preciated to the extent of $15,000.-
a few seconds on the approaching $150,000-$771,600 having been dis has again been carried out on the than 25 mp.h.
Depreciation on Buildings and Plant car. He was not travelling at more tributed in dividends over the 20 years]
nine years in various places and
the new Company had been operating scale fixed upon two years ago and Defendant had been driving for In the following year 1918. $1.50 per this charge has absorbed $156,751.99. share was called up on the 60,000 As a precautionary measure the sum sbares then issued bringing the capital of $10,000-has again been trans-had met with no previous accident. to $450,000 and making the shares ferred to Bad & Doubtful Debts Re- fully paid up at $7.50 each. The serve. Repairs to the Company's Dairy Farm Co., acquired the Hong Building Machinery etc., have absorbed Kong Ice Co., in the same year and $47,147.74. Although this is the low- became The Dairy Farm Ice & Cold est sum spent on the maintenance of Storage Co. Ltd, from which date its these assets since 1920 I would as- progress was much more rapid The sure you that they are not being al- capital was increased to $855,000, lowed to determinate, on the contrary, again in 1922 to $1,500,000 and to-day the reduced expenditure in mainten- it is $2,250,000 of which $1,885,725 is ance proves that they issued.
have been which brings with it lighter upkeep brought to that high state of repair charges..
Some of the old Minutes of Board Meetings make interesting reading For instance, pasteurization appears to have been undertaken as long ago as 1902, for we find this reference to it! in the Minute Book
NEW ANIMALS
the Company has the Herd enjoyed such good health as in this year."
"There were no outbreaks of con- tagious disease during the year."
con-
The fact that the Herd is free from Tuberculosis further contri- butes to the low death rate."
clude this report without making an
One feels it is impossible to
The report concludes as follows:-
attempt to refute the opinion some- times heard in Hong Kong that danger exists of the Herd being de- cimated by disease"
B
that, with the knowledge we now..pos
It may be safely asserted therefore
munitions, aeroplanes it needs. "News. Chronicle" urges British Government support uncompromisingly French move. Reuter:
Singapore, To-day.
Sir Shenton Themas, Gov- ernor of the Straits Settle
with the meeting of the ments, left for Kuzla Lum- pur to-day in connection.
United Planters Association of Malaya and representa- tives of Government to con- sider the situation created by the strike of 25,000 la- bourers in the States of Se- langor and Negri Sembilan, comprising rubber estate coolies and sympathisers. Forty-four rubber estates: with a total of 75,000 acres are affected. The strikers are extremely truculent. Reuter.
PERRY BEATS BIG BILL"
New York, To-day. Fred Perry faced a new oppo tected against Binderpest and Con-ent in his professional tennis tagious Bovine Plearo-Pneumonia, the career here yesterday in the per- gratified to know that the chances of son of W. T. Tilden, former world two diseases which in the past have so seriously menaced the well-being of the Herd
champion.
Turning to the Balance Sheet it will be seen that the sum of $15,596 25 "After consulting Mr. Walker and has been expended on Cattle. This discussing the matter it was decided! entry represents the cost of 22 head to purchase from the Dairy Farm of Cattle imported from Canada insess, our cattle can be adequately pro Supply Co., London a Pasteurizer and December last. Separator for the Farm at about Your Directors very much regret £36.20 and £18 respectively and a the intermittant shortage of Milk and hand Separator for the Depot and on Cream from April to August last Mr. Walker's advice it was decided to The demand, I may say, was higher also purchase a Sterilizing Plant from than was anticipated and the yield the same people.”-
The Englishman won in four Pasteurization in those days, for the weather unfortunately did not come gratified to know that the chances of 6-1, 6-3, 4-6, 6-0.
mainly due to two very hot spells of I feel sure Shareholders will be sets, the scores in his favour being comparatively small amount of milk sold, appears to have been a much less up to expectations. With a view to serious mortality in the Herd are re- expensive operation than it is to-day purchase from Canada of 100 animals have never been happier.concerning safeguarding the supply in 1937 the mote. The Board and Management It is not quite clear how long the was authorized. Since the closing of the Herd than they are to-day. practice of pasteurizing all the milk the books the balance of the order continued, but if Mr. Stevenson's has been received and I am pleased memory is correct, it was abandoned
London, fo-day. Cambridge University won the CAPITAL EXPENDITURE Inter Varsity Golf series over the Apart from expenditure on Cattle, Prince's Course, at Sandwach by 7 Capital Expenditure for the year total matches to 4 with four halved. Cam- led $108,47402 approximately $1,000.
more than was the case last year bridge won the singles and with that exception the lowest Vest sum spent since 1926.
one halved,
in 1905 when the first refrigerating to say that we are very well satisfied plant was installed, as the majority of with the purchases made. our clients preferred unpasteurized
This year Cattle Wastage account milk.
shows a credit balance, this means that PASTEURIZING ALL MILK the amount which has been charged Today, since the recent Dysentery exceeds the actual value of the ani- Expenditu
in Working Account for
Wastage epidemic, we are, as an added safety mals withdraw from the He factor. pasteurizing all MZk and Cream There is a good deal of diverby sale or death. It is Zelt sity of opinion as to whether pass
provision now being made teurization detracts from the health is ample and adequate. giving properties of Milk From all I mentioned last year tha the information at our command the bition to have a TE. consensus of opinion is that it does at last been, realised
not
of continous weeding the Another feature which will short animal had been raised to ly be applied to all bottled Milk and level Cream put up. by us is a tamper-proof VETERIN and protective capping system. Ar- rangements for the exclusive use death this what is known as the Welded Wire 1918-is System are already well under way. In addition to the cardboard cap with which you are all familiar, the mouth bear and neck of the bottle will be enclosed
DEATH
One of the main items of Capital have to face in the the building of our present For
Joseph bel Board Mr. & Mrs. Estylito
from
eithert immediate fu
the a new Dairy to astage one, which we have
more than 2/ am have been collec
herd had all parts of the
with
Frane
view
aged 6 years, passe
result to ensuring that our new building will fully at 6.20 p.m. 24th dard of be the most up to date of its kind at Kowloon Hospital
Provision very high
to the passes the Staff has been ma
Working to-day Account, I trust this has your full ~and approval.
that To
as the
rinarian
are the doubt lar owing ext
part for
est since to this
The Chairman proposed the adop tion of the report and
ce with the
stions.
Mr.A L. Shields seconded
Probably never in the history of report and accounts were ado
papers
with
Printed and Publis prietors Th
Te
Lid, by Gor the Wyndban Street
BA Hort