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SHOWING
TO-DAY
KING S
AT 2.00, 4:30, 7.10 & 9.45 P.M.
Arî adventurous beauty recklessly seeks romance! A daring page torni from guarded secrets! Two and half hours of unbelievable thrills
SHEARER POWER
MARIE ANTOINETTE
M-GM Picture
HOME JET
ANITA
JOSEPH
JOIN *BARRYMORE » MORLEY · LOUISE • SCHILDKRAUT Screen Play by Claudere GLADYS GEORGE E HENRY STEPHENSON -
Directed by W. S. Van Dyke 51. West, Donald Ogden Stewart and finest Vajda
A T
Coming Soon
United Artists.
ROADSHOW PRICES!
Janet Gaynor-Douglas Fairbanks, Jr.--Paulette Goddard in
"THE YOUNG IN HEART”
TAKE ANY TRAM ON’HAPPY VALLEY BUS
4 SHOWS
DAILY 2.30-5.15
7.15-9.30
ORIENTALE
FLEMING ROAD WANG HAI TEL 28473
62DAYS TO-DAY • TO-MORROWO
NOBODY CAN STOP ME FROM HAVING A GOOD TIME !
The story of an amazing woman, a woman who didn't know how to you'll call her magnificent, a live, they called her cheap
strange woman you'll hate and love. THE SCREEN ! MOST SENSATIONAL DRAMA !
Scorned by her husband and her daughter's friends because she wasn't "good enough” — but you'll see her true magnificence! SAMUEL COLDWYN PRESENTS
STELLA DALLAS
FRI. SAT.
BARBARAN
STANWYCK
JOHN BOLES ANNE SHIRLEY
AND
Alan Hale - Barbara O'Neil
T
Directed by KING VIDOR
RELEASED THRU UNITED ARTISTS
"LETTER OF INTRODUCTION” ADOLPH MENJOU, EDGAR BERGEN, CHARLIE McCARTHY. Universal's great laugh show!
MATINEES 20c 30c
1
EVENIN SS 20c. 30c-50c.-70c
INTRODUCING
COLD LUNCHEONS AT 70 CTS. Delivered to your office
Phone 21311
VIVA - PRODUCTS
TO-NIGHT'S DINNER
1. Ox-tail Soup
2. Fried Sole
3. Rolled Veal & Macedoine
Stuffed Tomato
4.
5. Roast Chicken
6. Stewed, Pineapple,
7.
Cheese & Biscuit.
Tea or Coffee
Price 90 cts.
ST. FRANCIS HOTEL
QUEEN'S ROAD, CENTRAL.
THE CHINA MAIL, MARCH 22, 1939
New Capital Outlay By Dairy Farm
2
A MOST EVENTFUL YEAR DURING WHICH THEIR HERD
HAD BEEN CONSIDERABLY INCREASED, WITH A CORRESPONDING INCREASE IN THE OUTPUT OF MILK, WHICH CONSITITUTED A RECORD, WAS MENTIONED BY THE HON. MR. T. E. PEARCE, CHAIRMAN, AT THE 'AN- NUAL ORDINARY MEETING OF SHAREHOLDERS HELD THIS MORNING IN THE COMPANY'S OFFICES AT LOWER ALBERT ROAD.
The chairman said:-
Importations of 78 head of Cattle der construction, and when completed 'from Canada, 37 from Australia and will be a valuable addition to the cold 20 from Great Britain and the addi-storage facilities offered by "your com- tion of home-bred animals have in-pany in the Central District, creased the herd from 1,170 to 1,401, When this, extension is completed, and as you will observe from the Bal- we shall have at East Point Cubic Feet Cold Stores Cubic ance Sheet, stands in our Books at the 753,009; Central figure of $699,335.05. Against this, Feet 29,938; and Kowloon Cubic Feet we shall have after allocating a fur- 32,760 or a total of 815,707 Cubic Feet. The Cold Storage business has in- ther $50,000.00, a Cattle Reserve of $500,000.00 and in addition the $43,-creased rapidly during the last few 586.85 at credit of Cattle Wastage Ac-years, but your Board have considered count, will bring our total Cattle Re-it advisable to anticipate future de- serves to $543,586.85 as against amands and are satisfied, the expendi- Book Value of $599,335,05.
ture on these extensions will soon be .1 fully justified.
QUICK FREEZING
This herd, which incidentally. is record bne for the Company, has_pró- vided 5,100,119 lbs. of milk, an in- To bring our Cold Storage facilities crease of 14.26 pèrcent over the pre-up-to-date, we have contracted for vious year and, of course, also a re-Quick Freezing Plant, which it is hop cord for the Company.
ed will be in operation before the ent
Despite this increase, the heavy de-of this year. This modern method of mand in the months from April to dealing with Fish will, we believe, June could not be met, and our cus-
prove a boon to this important indus- tomers had to be restricted in their try and become a profitable adjunct to supplies of milk, and cream was not the Company's business. always made available.
BIGGER DEMAND In anticipation of still bigger de mand this summer, contracts have been placed for additional Cattle, which
I hope will obviate a similar experi-
ence.
the
Despite restricted fishing operations on account of the Sino-Japanese hosti- lities, Ice sales were well maintained and, in fact, shew a small increase as compared to the sales made in 1937.
To cope with the steadily increasing demand, over $140,000.00 was expended The herd, I am pleased to report, en our leg. Cream Plant during
This plant, now installed in the Eenjoyed exceptionally good healthyear.
throughout the year. Some of
Dairy premises, is the last word in up- to-date efficiency. A new line is to be Shareholders and customers may not
markcted this summer which should be aware of the fact the Company
prove a popular item in this important carries its own Veterinary Surgeon and the management of the Farm is of placing on the market only the very branch of your business. The policy in the hands of experts from home. highest grade of Ice Cream Products
ward to increased will be maintained, and we look for-
our
Most favourable comments were re-
department.
business in this
cently made on the herd by a visit ing authority. This gentleman stated it was comparable to the best manag-
I mentioned last year, that we had ed herds he had seen anywhere.
Before leaving the herd, I should stituted Milk. This has not proved a embarked on the production of Recon- explain their the amount at credit of success, as sales have dwindled to very Cattle Wastage Account is the surplus, moderate proportions, and there seems after allowance is made for losses by to be little doubt that when good fresh death or sale, on a scale decided upon milk is available, the demand for the some few years ago. This year the Reconstituted substitute 'is very limit- total amount provided from Working ed.
Account was $97,517.46 which ...was Green Spot has proved its
initial
in excess of actual requirements topopularity and sales were appreciably the extent of $20,243.85. This latter up as compared to those made in 1937. is the amount by which Cattle Wast- age Account has been increased dur ing the year.
LARGER TURNOVER
the
SD
The Butchery, Imported Dairy Pro- duce and Shipping Departments have WASTAGE IN HERD
produced a record turnover but compe- Although on the right side for thetition has been particularly severe, and past 3 years. it is not considered ad it is due to the larger turnover, that visable to adjust the scale applied for a satisfactory trading profit has been Wastage in the herd. The sum of achieved. This larger turnover is no $97,517 may seem a heavy charge, but doubt due to the abnormal conditions it must not be overlooked this only prevailing, which is also the reason represents 16.27 per cent, of the value that necessitates our carrying a much of the herd.
larger stock, which you will observe, An event of importance to record at the 31st December, stood at was the transfer of the Dairy from formidable figure of $964,509,86. Pokfulum to the new one at East Turning to the figures in the Profit Point. This new Dairy is equipped and Loss Account and Balance Sheet, with every modern device for the I would call your attention to the Pasteurization and bottling of milk amount of $216,482.08 written off under hygienic conditions, and with depreciation. This amount exceeds by the most up-to-date machinery *for $43,853.94 the amount provided for in the cleansing and sterilizing of bottles, the 1937 Accounts but covers a
full I need hardly add the Dairying is year's depreciation on all the fixed sa- under constant European supervision,, sets of the Company including the ad- and the Staff under strict and reditions made during the period under gular examination by our medical ad-review. visers.
In the Balance Sheet you will observe PASTEURIZATION
the item $310,000.00, Profit on sale of Customers and Shareholders will the Lai-chi-kok property. This property no doubt have appreciated the fact was acquired in 1918 when this Com- we have anticipated the Govern.pany took over the business of ment's compulsory regulations regard Hong Kong Ice Co. Apart from ing pasteurization, which come into small rental obtained for storage pur- force on the 1st Apríl next, and they poses, this property had been lying idle may rest assured that every possible for a considerable period. After care- precaution is taken and no expense is ful consideration your Directors con- spared ensure the supply of milk cluded a sale on cash terms which re- of the highest grade, and comparable sulted in a profit on its Book Value to "Tuberculin. Tested. Pasteurized" of $310,000.00, now added to the Gen- eral Reserve. This cash accretion has grade in Great Britain.
too
interested
"
the
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As you will observe the Capital Ex- penditure as detailed in the Balance Sheet has been as follows:-
The total cost of this new installa-been the means of materially reducing tion, including the new Buildings, the overdraft with our Bankers, which amounted to $291,197.07 and accounts had been incurred largely by expendi- for a large proportion under Capital ture under Capital Account. Account expended during the year. The management will be only pleased to arrange for Shareholders and customers to view Building and Property A/c. $179,465.37 this new Dairy. :-
Ice Plant and Machinery 407,185.89 Further expansion to the Cold StorLaunches, Lighters and age premises at East Point in the. shape of four large rooms of just over Furniture and Fittings 100,000 cubic feet capacity have been a total of $634,008,81 exclusive of ex- completed at a cost of $149,766.91,
In addition to this increase in stor ago space, an extension of the Central | Cold Store in Connaught Road is un-
Vehicles
penditure on Cattle.
26,006:31
21,346.25
Unless further additions to the Herd to those already a contracted for rare
(Continued on: Page 20)