RAILWAY
TIKES
8 DAYS
10 DAYS
5 DAYS
GoEMPRESS to America, Europe
hat
Leave Arrive
Canada Feb. 21 Feb. 23 Russia
Mar. 8 Mar. 10 Mar. 12.
Mar. 17 Mar. 19 Japan
Hong Shang- Naga- Empress Kong
of
Yoko-
saki.
Leave
Kobe
Leave
kama Konolulu
Leave Leave
Feb. 26 Feb. 28
Mar. 14 Mar. 16 Mar. 22 Mar. 24 Mar. 30
Mar, 7
Van- couver Victorin Arrive
Mar. 12
Mar. 25 Apr. 4
Air-conditioned equipment on C.P.R. Trans-Continental Trains. Frequent Canadian Pacific Atlantic sailings to European ports.
י
דין
TO MANILA
Empress of Japan on Friday, March 10th. Empress of Britain on Saturday, March 11th.
(First Class only).
Canadian Pacific
Union Building
SPANS THE WORLD
Telephone
20762
G. FALCONER & CO. (HONG KONG LTD.) WATCHMAKERS & JEWELLERS, DIAMOND MERCHANTS,
UNION BUILDING (opposite G.P.O.)
Agents for:-ADMIRALTY CHARTS," ROSS BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS,
ENGLISH SILVERWARE Direct from Manufacturers.
High Class English Jewellery
PRESIDENT LINER SAILINGS
SAN FRANCISCO AND LOS ANGELES
Via
KOBE, YOKOHAMA AND HONOLULU
3.8. "PRESIDENT TAFT”
8.8. "PRESIDENT CLEVELAND"
8.8. "PRESIDENT PIERCE"
*8.8. "PRESIDENT COOLIDGE"
• CALLS AT SHANGHAI,
SAILS FEB. 25th at 4.00 PM. MAR. 11th at 400.P.M. MAR. 25th at 4.00P.M. APR. 8th at 8.00 A.M.
+1
NEW YORK AND BOSTON VIA SUEZ
6.A. "PRESIDENT POLK” 8.8. "PRESIDENT GARFIELD" 88. "PRESIDENT MONROE". 6.8. "PRESIDENT ADAMS”
י
SAILS FEB. 17th at 12 Noon MAR. 17th at 12 Noon MAR. 29th at 9.00 P.M. APR. 14th at 12 Noon
t
15
MANILA
8.8. "PRESIDENT POLK” 8.9. "PRESIDENT TAFT" 8.8, "PRESIDENT CLEVELAND 8.8. "PRESIDENT GARFIELD”.
ท
SAILS FEB. 17th at 12 Noon FEB 18th at 6.00 P.M. MAR. 4th at 6.00.P.M. MAR. 17th at 12. Noon
** AMERICAN ✰
PRESIDENT LINES
ROUND WORLD SERVICÈS,
12. PEDDER ST.
TELEPHONE 28171
THE CHINA MAIL, FEBRUARY 16, 1989
HUMPHREYS ESTATE MEETING
A satisfactory year's working
HONG KONG ELECTRIC DIVIDEND
At the Ordinary. Yearly Meeting of
on
was reported by the chairman, Shareholders (f The Hong Kong Elec- Mr. D. E. Clark, at the annual tric Company, Ltd., to be held meeting of Humphreys Estate Thursday, March 9th at 11 am, the and Finance Company, Ltd., this Directors will, subject to audit, recom- mend that the balance availablo, for morning.
distribution be disposed of as follows: The chairman said:-
To pay a final dividend of $1.50 per The result of the year's working, share making, with the interim divi- viz., $216,987.28, can, I think, be condend of $1.00 per share paid on Sep- sidered satisfactory. Profits, omitting tember 8th 1938, a total of $2.50 por sale of land, are $26,383.68 better share on 600,000 shares, $1,500,000; pay than in the preceding twelve months, a bonus of 75 cents per share on 600,- whilst total net profit is $64,234.85 up. 000 shares. $450:000: write off invest- All your property was fully occupiments, $147.276.21: Jubilee Year Bonus ed during the year, and from March to Staff, $43.976 22: Carry forward a last the rent roll was augmented by balance of $287.880.85. receipts from the twelve
additional
flats in Argyle Street referred to by me at the last Annual Meeting.
It is proposed to erect a further 12 immediately. flats on this property
י
LOCAL DOLLAR
The demand rate on the Hong
These will be larger than the present Kong dollar to-day was 1/2-13/16. ones, and arrangements have already "Spot" silver was quoted in Lon
the entire don at 20-7/16 and forward at been completed to lease
...
The London on New York rate was quoted at £-U. S. 4.6856, and
rate the New York-London
at £-U.S.$4.68-5/8.
block for a term of five years. When 19-7/8. these additional flats are completed, half the available area in Argyle Street will have been developed.
It is to be regretted that Govern ment refused our request to plant trees along the roads or footpaths in this area. As I said in my speech last year, the roads are wide and I can see no objection from a traffic point of view. There is no doubt that the planting of trees would greatly add to the amenities of what is rapidly de- veloping into a first class residential
district.
J
the report and accounts were adopted. OTHER BUSINESS
Messrs. J. Scott Harston: and
J.
M. Alves were re-elected to the Board on the motion of the chairman second- ed by Mr. Lo Chung-wan and Messrs. Percy Smith, Seth and Fleming and Messrs. Linstead and Davis were re- of elected auditors on the proposal Mr. J. E. Jupp, seconded by Mr. W. C. Lee.
A small three roomed bungalow was built on the triangular Lot, between Humphreys and Carnarvon Buildings during the year. All modern con- The following attended:-Messrs. veniences and appliances were in-
D. E. Clark, chairman, H. V. Wilkin- corporated in the building, which was
J. M. let at a satisfactory rental immediate son, J. Scott Harston,, and
Alves (directors). Mr. J. L. Quie ly upon completion,
(secretary) and the following share- You will note from the Balance holders: Messrs. P. C. Potts, M. Git- Sheet that the amount invested in tins, Wallace J. Hansen, Lo Chung- property is $54,000 higher. and that wan, J. E. Jupp. W. C. Lec, J. D. Loans on Mortgage are reduced by Humphreys, D. V. Steavenson, C. $10,000. There will be a further re- Bernard Brown and R. H. Wild. duction under this heading the current year. General Reserve, if the propos- ed allocation of profits available approved, will stand at five lahks. Other items are similar to last year and do not, I think, call for any special comment. I now formally propose the adoption of the Report and Statement of Accounts as presented and that the balance available of Profit and Loss be appropriated as follows:-
Pay a dividend of 7% on
200,000 shares.... $140,000,00 Transfer to General
Reserve
50,000.00
Transter to Building Im-
provement Account (Bringing same up to $50,000.00
Transfer to Special Re-..
-
pairs and Renewals Account (Bringing
Bame
up
to
$15,000.00)
And carry forward
are
1,367,25
8,319,50 .38,228,51
$238,015.26 Mr. Wallace J. Hansen seconded and CONSIGNEES' NOTICE
THE BURNS - PHILP LINE
From Melbourne, Sydney, Salamava, , Rabaul & Manila. The M.V. "NEPTUNA”
Consignees of Cargo "are hereby informed that, all Goods are being land- ed at their risk into the hazardous and/or extra hazardous Godowns of The Hong Kong and Kowloon Wharf & Godown Co., Ltd., whence and/or from the wharves delivery may be obtained.
'No claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 15th February, 1989 will be subject to rent.
All claims against the steamer must be presented to the Undersigned on or before the let March, 1889 or they will not be recognized.
To comply with the General Bonded Warehouse. Regulations consignees must have a Revenue Officer in attend- ance when damaged datiable goods are examined.
All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 14th February at 10 a.m., by Mesars. Goddard, and Douglas."
No Fire Instıranco Has been effected. Bills of Lading will be counter- signed by, KE
GIDB, LIVINGSTON & CO. LTD.
Hong Kong, 9th
1.Agenta, brudry, 1980.
NEW ADVERTISEMENTS
THE HONGKONG ELECTRIC CO., LTD.
NOTICE IS HEREBY GIVEN that the FIFTIETH ORDINARY YEARLY MEETING will be held at the Company's Offices, P. & O. Building, on -THURSDAY, 9th. March, 1939 at 11 a.m. for the purpose of presenting the Report of the Directors together with a Statement of Accounts to 31st. December, 1938, and electing Directors and Auditors,
The Register of Members of the Company will be closed from 25th. February to 9th. March, 1939, both
days inclusive, during which period
ne
Transfer of Shares can be. registered.
BY ORDER OF THE BOARD OF DIRECTORS,
GIBB, LIVINGSTON & CO., LTD.,
Agents.
Hong Kong, 16th, February, 1939.
PIPPERMINT
GET
always
delicious with
crushed ice
iced water
'GET FAERES Revel (HGaronne) l'amics