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THE CHIA MAIL, MARCH 31, 1937.
CINEMAS LOOKING UP
Bigger Attendances Last Year
Marked improvement in local cinema attendances during 1936 wag reported at the annual meeting this morning of China Entertainment and Land Investment Company; when share a dividend of 30 cents per was declared.
The Chairman, the Hon. Sir Shouson Chow said:
You will notice from the Balance of working Account, as shown in the Profit and Loss Account, that there is an increase of 30 per cent. in Theatre earning as compared with those of last year, which is an indica- tion of a general improvement in busi- ness conditions in the Colony. As 1 stated last year, we were up against very keen competition from theatres showing Chinese films which had so improved that they attracted a large number of the Chinese cinema-going | public, and the same remark may also apply to the many popular Chinese ! threatrical plays. This competition has not abated during the year under review, and the fact that we have shown an increase in theatre earnings in spite of this factor cannot but bel regarded as satisfactory.
I
Coming to our shops and office, am glad to report that these are all fully occupied, and the recent receipts. for the year show an increase of over 14 per cent. over those of 1935.
DIRECTORS REDUCED
In the Expenditure Account, we have been able to make a further reduction of 15 per cent. In addition the num- ber of Directors have been reduced and they accepted a reduction in their fees of one third. Your Directors regret that it has not been able to effect any saving in Entertainment Tax, our several joint petitions to the Government for a reduction having
met with no success.
J
With regard to the item "Invest- ments" in the Accounts. This was
LOCAL SHARE MARKET
Following is the list of changes d enquiries in local share quota- ns this morning:
BANKS Hong Kong Bank $1855 b., $1855 sa. Bank of Asia $88 b. INSURANCES Canton Ins. $320 b. nion Ins. $630 b. China Underwriters $14 b., $11⁄2 sa.
SHIPPING
Youglases $37% b.
Thion Waterboats $9.45 b.
OCKS, WHARVES, GODOWNS.
ETC. K. and K. Wharves $1161⁄2 b $117 sa.
IK. & W.. Docks $32 b. Povidents (Old) $2.40 b., $2.45
$2.45 sa.
MINING
Rubs $18.40 b., $13.55 sa.
·ANDS, HOTELS & BLDGS. H.K. and S. Hotels $7.95 b., $8.10
1 $8.15/.20 sa. H. Lands $371⁄2 b., $371⁄2 sa. Shaghai Lands Sh.$15 b. Humphreys $9 b.
H.
H.
Realties. $6.35 sa. PUBLIC UTILITIES · Tramways $15% b.
Pea Trams (Old) $4 b. Peal Trams (New) $1 b. Chin Lights (Old) $15 b., $15/-
.30 SB.
China Lights (New) $11.90 b., $12
H. K.Electrics $611⁄4 b.
Sandaan Lights $11% b. Telephnes (Old) $31 b. Telephnes (New) $18.70
sa.
INDUSTRIALS
Cements $15% b.***
H. K. opes. $5.65 b., $51⁄2 -92.
STORES, &c.
Watsons $6.10 b.; $6.10 38.
COTTON MILES
13%
Ewo Cotons Sh.$16% b. Shangha Cottons (Old) Sh.3118
t.
Shanghai Gottons (New) Sh.$93 b.
MSCELLANEOUS,EC. Constructins (New) 45 cts. b.
B. Opening
10 a.m. L. C.
Antamoks
an investment' in the now defunct Atoks Cinemas Ltd, which formerly operat- Baguio Gold ed the Queen's Theatre.. At the time, Balatoc Mining distributors film rents were forced up Benguet Cons. owing to competition amongst Ex-Benguet Explor hibitors and there was also heavy ex- Big Wedge penditure in advertising in the English Coco Grove and Chinese newspapers, which did Consolidated neither of us any good. Your DirecDemonstrations
in Pesos
1.35 X. Div. ·
1370
25
T4
13.
149
25
60.
Kines
.037
.81%
30:
122
.26
.80 X Rts.
1.25 X. Divdes
Masbate Consol.
38/
.32
:11
.61
-5%
2.20
.38
82
tors, after careful consideration, made E. Mindanao the investment to enable us to acquire Gumaus® G'field? some joint action with our competitors Ipo Gold and to relieve us of competition and X. L. expenditure, the result being that we Itogons effected a saving of approximately Min. Resources
| $1,500 a month.
CINEMAS, LTD. CLOSED Unfortunately, owing to slack busi- ness, Cinemas Ltd. was forced to cease operation and the Queen's Theatre was closed suddenly for time until taken over by a new con-
cern.
Northern Mining Paracale Gumaus Salacot Mining San Mauricio . Sayoc Consol. United Paracales
CURRENCY ISSUE
"Sa.
AS
Reichsbank And Bank Of Rumania
The net profit for the year under review, after writing off $20,000 from Investments, $25,438.20 from Fixtures and Equipments and after reserving $5,000, for Film Rights and $5,000 for Bad Debts, amounts to $31,467.40 to which must be added the balance of $3,005.93 brought forward from the previous year, making available for
Berlin, To-day. distribution $34,473.33 out of this An agreement between the Directors recommend payment of 2 Reichsbank and the Rumanian Na- dividend of 30 cents per -share, absorbing $29,957.40, leaving to be tional Bank states carried forward to next account tions on the Berlin Bourse and the $4,515.93.
official Reichsmark quotations in The Report and Accounts were Bucharest will cease as from April seconded by Dr. Sun Wing-kong 1 until further notice. and carried unanimously”
Mr. Li Jowson and Mr. George Yankit Sun were unanimously re elected to the Board of Directors on the proposal of Mr. Chan Kwai- yuen and seconded by Mr. Li Lin- chi.
that lei quota-
This has, however, little practi- cal significance as commercial pay- ments between Germany and Rumania are regulated by the special settlements agreement. Trans-Ocean.
Messrs: Percy Smith, Seth ande Fleming were re-elected auditors Au Wing, of No. 101 Wong Nei- for the ensuing year on the por- chóng Road, was bitten by a dog posal of Mr. Ng Kwaichun and se- belonging to N. J. Bebbington of conded by Mr. Hong Shou-yin. No. 8, Ventris Road yesterday. The Hon. Sir Shou-Son. Chow. was in man was treated at the G. C. H. the chair and was supported by the and the dog sent to Kennedy Town. following directors: Meagrs. Liang —
Chi-ho, Chang Kwai-chong, Li Lin- Shou-yin, Lam Yuen-fong, Li Kwok- chi and Li Jowson, while the folving, Li Ping-fan, Sun Gong-ting, lowing shareholders were also pre-Li Shou-chung. Chang Kwai-yuen sent:Mesars. Ng Kichu Sun and Chang Kwai-lin, Mr. George Y. Wing-kong, Lee Kay-yuen, Hong Sun, Secretary was also present.
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