PRESIDENT LINERS
R are LUXURY LINERS
Famed for a Splendid Cuisine
TO SAN FRANCISCO
LOS ANGELES, NEW YORK,
AND. BOSTON :
Via Shanghai, Kobe, Yokohamą and Honolulu Pres. Coolidge 3.00 a.m. Apr. 20 Pres. Taft Pres.
Pre 8.00 a.m. Apr. 21°
Pres. Coolidge Pres. Wilson
«Nooh⠀⠀ *- May...... 1 .8.00 a.m. May 19 Noon June 3
9.00 a.m. June 16
EUROPE, NEW YORK AND BOSTON Via Manila, Singapore, Colombo, Bombay, Suez, Port Said, Naples, Genoa and Marseilles
Pres. Polk .....8.00 am. Apr. 25 Pres. Pierce ........ 8.00 a.m. May 9 Pres. Van Buren 8.00 a.m. May 23 Pres. Garfield ..8,00 asm. June 6 Pres. Hayes ..8.00 a.m., June 20 Pres. Monroe ...8.00 a.m. July 4
TO SEATTLE, VICTORIA "THE EXPRESS ROUTE”
Via Shanghai, Kobe and
Yokohamasis
Pres. Jefferson ..Midnight Apr. 23- Pres. McKinley ..Midnight May 7 Pres. Grant so Midnight May 21 Pres. Jackson.....Midnight June 4 Pres. Jefferson · Midnight June 18
Midnight July 2 Pres. McKinley
TO MANILA THE MOST FREQUENT
SERVICES.
NEXT SAILINGS
Pres. Hoover ..9.00 p.m. Apr. 23 Pres. Polk ́.... 8.00 p.m. Apr. 25 Pres. McKinley..6.00 p.m. May 1 Pres. Pierce ́.. .8.00 a.m. May 9 Pres. Lincoln .Midnight ́ May 11 Pres. Grant .6.00 p.m. May 15
BOLLAR STRANSHIP LINES AMERICAN MAIL LINE
RAILWAY LINES
8 DAYS
10 DAYS
5 DAYS
GoEMPRESS to America, Europe
Empress
of
hai
Hong Shang- Naga-. Kong
Leave Arrive Leave
Yoko-
saki
Kobe káma
Leave
Leave
Honolulu
Leave
6 May 8 May 19
Asia
April 30 May 2 - May Canada May 14 May 16
THE CHINA MAIL, APRIL 20, 1937.
BRIGHTER BUSINESS
OUTLOOK
ANNUAL MEETING OF A S. WATSON AND COMPANY
Lena Gold Sabotage Denied
An increased volume of busi-† mummmmmmmm ness,.. coupled with greater stability in exchange, promises a definitely improved outlook for the current year, declared Mr. D. E. Clark presiding, this morn- ing at the annual meeting of shareholders of Messrs. A. S. Watson and Company.:
The Chairman said:--In my speech last year, after reviewing the unsatis- factory result then shown, I ventured to express the hope of brighter, pros pects for the ensuing year. The result of the year's working improvement over the
years,
Moscow, To-day..
An official denial of earlier reports that leading Soviet exe- cutives have been accused ... of - acts of sabotage in the Lena goldfields has been issued. in. Moscow-Reuter::
shows an ABEHALLGATABELTHEATER...............NG
although the Wo previous
net profit Mr. J. Scott Harston, Sir Shou-son shown is disappointing. In all depart-Chow and Mr. S. T. Williamson were ments an increased volume of business re-elected directors, while Mr. C. has been done, but the net profit is not Bernard Brown and Mr. S. T. Butlin commensurate with the increased turn-were re-elected auditors. over. Also, profits were affected to The following attended:-Messrs. D. some extent by the rapid fall in sterling E. Clark (Chairman), S. T. Williamson, exchange. Raw materials and manu-J. Scott Harston (Directors), J. A. Tar- facturing stocks cost much more in rant (Secretary) and the following local currency, and it was not consider-shareholders:-Messrs. F. W. Staple ed advisable to increase prices propor-ton, W: Patterson, J. D. Humphreys, tionately immediately.
Peter Wong, W. C. Lee, C. B. Brown and Wong Kin-tsoï.
PRICES ADJUSTED However, during the current year prices have been revised and adjusted to the increased costs. Considerable fluctuations in currency were experien- ced at the Company's Canton branch. During the busy summer season ex-
INCOME TAX
Effort To Bring
change averaged at the extremely low Foreigners Into Scheme rates of from C.$165 to C$195 per $100 H.K. and considerable loss resulted
Canton, To-day.
during that period in remitting funds Mr. Liang Shayung, Director from Canton to Hong Kong. But for these factors the results would have of the Income Tax Bureau for been more satisfactory.
Kwangtung, visited different consuls I pointed out last year that very con-in Shameen yesterday morning to siderable economies had been effected;
Our
these economics have been maintained, discuss with them the collection of and where possible without detriment income tax from foreign firms and to the business, further increased. By foreigners in the province. continued intensive work and discreetly Own Correspondent. pursuing opportunities, although push and propaganda have meant extra ex- penditure, I hope that the present im- proved turnover will be maintained and increased, and in view of the more or less stabilised dollar in Hong Kong and the better outlook as regards Chinese currency, increased profits may
be realised.
SMALL DIVIDEND
In view of the better outlook gener- ally your Directors, feel justified in de- claring a small dividend
OSLO CONVENTION. SIGNATORIES
Another Meeting For Economic Pact
The Hague, To-day.
A A new conference of the States
I now formally propose that the Re-signatory to the Oslo Convention port and Statement of Accounts as will probably be called at the end presented be adopted and that the
as
Van-
balance at Profit and Loss Account viz., of May, says an official announce- couver $112,264.29, be appropriated
fol- ment. Victoria | lows:-Pay a dividend of 25 cents per
Arrive
ward $74,764.29:
be
All the signatory States will be share absorbing $37,500, and carry for-| represented at the talks, at which
Mr. F. W. Stapleton seconded and questions still outstanding will May 17 the report and accounts were adopted, discussed -Trans-Ocean.
2 May 21 May 28 June Russia May 28 May 30 June 1 June 3 June5 June 12 June 18 Japan June 11 June 13
June 16 June 18 June 24 Asia June 25 June 27 June 29 July 1 July Canada July 9 July 11
June 29
July 12
Russia
Japan
July-23 July 25 Aug. Aug.
· July" ~ 14~·July 16- July 23 July·· 28 27 July 29 July 31
Aug. 11 Aug.
Aug. 9 Aug. 24
Air-conditioned sleeping,
Cool
all Trans-continental trains
Comfortable.
observation and dining cars on
Quiet Clean
Regular sailings from Canadian Atlantic ports to United Kingdom & Europe by Canadian Pacific Atlantic fleet.
Information from Passenger & Freight Offices
Union Building, Hong Kong
Telephones: Passenger 20752-Freight 20042
Canton Agents, Jardine Matheson & Co., Ltd.
Canadian Pacific
Priesting
NEXT SAILINGS
8.8. “Conte – Biancamano”: for Italy
16th May.
“Conte Biancamado”; för Shangha 8th MayJU SV
Validity 100 days at greatly reduced* cost allowing 21⁄2 months stay in Europe. Special concessions to lit and 2nd class travellers to London.
Fares to Venice, Trieste, Genon and Return. $182, £88, 256.
Special Two Months' Round Trip Tickets At Reduced Rates.
To BOMBAY
COLOMBO
SINGAPORE
SHANGHAI
£44
£41
£18
£12
£21
£19
£13 £11
ROUND THE WORLD" tickets issued at Special Reduced Rates in cen- mection with all the Trans-Pacific & Trans-Atlantic Conference Lines.
“ITALIA” Line Agents for the sale of through and independent tickets to North, Central and South American ports vi
THROUGH TICKETS TO LONDON – 28 despatch by train of heavy baggage with liberal fre
INTERCHANGEABLE RETURN TICKETSE rourable"conditions.
Special facilities for allowance..
the Dollar Lines on very
LLOYD TRIESTINO
P.O. Box 148 — Tel: Addr. “Lloydian
Canton
Felephones Nos. 82982/8.
ents:-DODWELL & CO. LTD.