RAILWAY
OLAYS
TO DAY
5 DAYS
Go EMPRESS to America, Europe
Bong
Shang. bai Empress Kong
of
Leave Arrive
Naga.
saki Leave
Kobe
*Leave
Yoko-
hama
Honolulu
+
Leave
++
Leave
Van-
couver Victoria Arrive
Asia Mar, 30 Apr. 1 Canada Apr. 14 Apr. 16
Russia Apr. 27 Apr. 29 May 1
Apr. 3
Apr. 5 Apr. 7 Apr. 19 Apr. 21
May 3 May 5
Apr. 14 Apr. 28
May 12
Apr. 20 May 3
May 18
Air-conditioned equipment on C.P.R. Trans-Continental Trains.
Frequent Canadian Pacific Atlantic sailings to European ports.
TO MANILA
Empress of Asia on Thursday, March 23rd
at 5.00 P.M.
Canadian Pacific
Union Building
SPANS THE WORLD
Telephone
20752
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
THE CHINA MAIL, MARCH 22, 1939
New Capital Outlay By Dairy Farm
(Continued from Page 4)
the proposal of Mr. R. Wylie seconded by Mr. C. Chan.
found necessary it is not expected that The following attended:-The Hon. Capital Expenditure for this year will Mr. T. E. Pearce (chairman), the Hon. exceed $220,000.00, the main items of Mr. S. H. Dodwell, Mr. H. V. Wilkin- which are the Quick Freezing Plant son, the Hon. Mr. A. L. Shields, Mr. and extensions at the Central Cold D. F. Landale (directors), Mr. J. D. Stores.
CAPITAL OUTLAY
at
As you will have observed a Special Meeting has been convened to be held immediately after this meeting, which your Directors will recommend the issue of 41,905 fully paid up shares, to be offered one for every six, at prosent held by Shareholders, at $5.00
Thompson (manager), Mr. G. Milne (secretary), Mr. R. A. Wadeson (legal adviser) and the following sharehold- ers:-Messra. Yong Yeong-shi, A. D. Wylie, J. Owen Hughes, P. I.. Mor- phew, R. L. Wyllie, J. Gardner, S. H. Ross, C. T. Chan and D. McFerran.
RESOLUTION PASSED.
Following the annual meeting,
the
in cash, and $2.50 from the General following resolution was passed on the Reserve,
proposal of the chairman seconded by
$600,000.00.
Before closing ny remarks I should like to pay a tribute to the Staff, wh have worked conscientiously during strenuous and abnormal year.. They have been voted a bonus of 76% salaries, which Working Account,
Your Directors are of the opinion Mr. J. Owen Hughes. that Shareholders should now benefit That the Company's Board of Direc- by the conservative policy adopted in tors be at liberty to offer to the per- the past, and believe they will appre-sons appearing as shareholders on the ciate this favourable offer which is 22nd day of March 1939 in the Com- to be made them.'
pany's register of shareholders 41,905 shares of the nominal value of $7.50 If the proposition is accepted, We each being part of the unissued capi- shall receive $209,525.00 to further re-tal of the Company in the proportion duce our overdraft, and the General of one new share for each six shares Reserve will stand at approximately held by such persons at par and on such, offer $5.00 shall be paid up in the footing that on the acceptance of respect of each share not later than the 31st day of May 1939 and that thereafter the Company in general of meeting shall call up the balance has been debited
to $2.50 per share, and at the same time declaro a special capital bonus out of the undivided, profits standing to the credit of the Company's reserve fund Mr. J. Owen Hughes said:-It gives the said call. And
and apply such-bonus in payment of
that such new me much pleasure to second the Reportshares shall rank for dividend as from and Accounts, and to congratulate the the 1st day of July 1939. And that Directors, Manager and Staff on the ex-any shares so offered and not accept- cellent result of their labour during the fed shall be disposed of by the Cam- past and difficult year.
pany's Board of Directors as they in The figures given in the Account give their absolute discretion shall think fit as usual very full information to share-and that the Board shall make such holders, which I feel sure have been provisions as they think expedient for received with much satisfaction. The the case of fractions.
FOOD SUPPLY
on
policy of building up substantial' re- serves, will have very general approbṛ- tion.
Capital Expenditure has certainly |been high-but in my view absolutely necessary if we are to serve the pu blic efficiently."
GERMAN CAR TYPES LIMITED
Berlin, To-day.
There is only one more matter that I would refer to and that is the (using your good words) the formidable figure of $964.509. representing stock. Assum ing this as being cost of Meat Butter, Cheese etc. this should be of comfort to those who may be anxious about the Colony's Food Supply during
By a decree issued by the Gen- uncertain days. I am sure all share eral Commissar for Motor Traf- holders will endorse the chairman's re- fic, Colonel von Schnell, the marks about the staff and will agree to number of types of cars to be the granting of the bonus of 71⁄444,
I now formally second the Report
and-Accounts.
these
The report and accounts were then adopted.
OTHER BUSINESS
The Hon. Mr. A. L. Shields and the Hon. Mr. T. E. Pearce were re-elected directors on the motion of Mr. A. D. Wylie, seconded by Mr. P. L. Morphew, while Messrs. Percy Smith, Seth and Fleming were re-elected auditors.
-on
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
T. SWATOW,
1 SHANGHAI CHEFOO & TIENTSIN. ""Tai Seun Hong"
24th Mar. Noon "Wingsang" 26th Mar. 3 p.m. "Chaksang" 29th Mar. Noon "Kwaisang"" 31st Mar: 7 a.m.
To SANDAKAN. “Mausang" 1st Apr. 10 a.m. To SINGAPORE, PENANG AND CALCUTTA. "Kumsang" 28th Mar, 2 p.m.) "Yuensang" 81st Mar. 2 p.m.
To HAIPHONG.. "Taisang"
Esang
“Yusang" 2nd Apr, Noon “Mingsang"
5th Mar. Noon
"Taksang'
"Wosang"
Calls at Tsingtau.
To KOBE & OSAKA,
"Hosaug" "Kutsang"
23rd Mar, 9 a.m..
18th Mar. 9 a.m.
29th Mar, 5 p.m.
1st Apr. 8 p.m.
4th Apr.8 p.m. 12th Apr. 6 p.m...
ARDINE MATI
TELEPHONE ZOSID GENER
built in Germany is limited in accordance with the aims of the four year plan.
Thus, as from January 1st next only 30 types of passenger cars will be built as against 52 hither-
to.
Types of lorries will be reduced from 113 to 19. Motorcycle types will come down from 150 to 30, while only 3 kinds of small lor- ries will be made in future as- against 20.--Trans-Ocean:
SINGAPORE STOCKS
Quotations of 12 leading Singapore* stocks forwarded by Messrs. Ellis and Edgar, March 17th, 1939.
Middle Price
Malay Estate ›
| Kuala Sidim,Rubber Co., Ltd., 2.15
$1.45
1.75
Rubber Shares
Amalgamated
Ltd.,
Kempas Limited
Pajam Limited
1.70
Sungel Bagan Rubber Estates
Limited
1.30
Tapah Rubber Estate Limited
1.70:
Tin Shares
6.65
Sungei Luas Tin Dredging Ltd., 1.42% Industrials
Straits Trading Company. Ltd. 28.75
United Engineers Limited (Or-
dinary)
8.65
Wearne Brothers Limited
19:50
Gold
Raub Australian Gold Mining.
4.50
Petaling Tin Limited
The above quotations are in Strai