+
THE CHINA MAIL, MARCH 20, 1941.
COMPANY MEETING
H.K. ELECTRIC
(Continued from Page 9)
on April 1st of this year.
We propose
realised
$3,000,000
that the money;
by this cast Bay
London and Inveeted In British
NOTE PRINTING PRESS FOUND IN POLICE RAID
WONG SHING AND YU CHEUK were this morn-
bc remitted to ing charged at the Criminal Sessions before Mr. E. Government Funds by doing H. Williams with possession of instruments and a this we will do a little towards hand press which might be used for forging bank- providing the rendy which is BO much needed by notes, with possession of plates for forging bank- H.M. Government in the fight notes and with possession of a quantity of paper for
this will forging bank notes. time
our safety.
same
money
to ensure At the provide a fund to draw upon on the termination of hostilities when
• Te come to purchase extensions and replacements of plant which an undertaking such as ours must always be prepared to meet.
At the conclusion of this meet- ing there will be an Extraordin- ary General Meeting at which will put the resolution which is Vecessary to implement the Brst of these proposals and I invite shareholders to remain seated until this has been done,
Mr. J.
Assistant Reynolds, Crown Counsel, assisted by Detec- tive Inspector Darkin, was for the prosecution. Accused were not re- presented.
INCREASE IN ROPE
PROFITS
Substantially increased profits were revealed at the annual meeting this
Page
ST. PATRICK'S HONGKONG & SHANGHAI
DAY INCIDENT CAUTION
BANKING CORPORATION,
Authorised Capital
Issued and Fully Pald-up
Storting
.850.000.000 .$20,000,000
Reserve Funds:-
.£:6,500,000
Hong Kong Currency Re-
serve
.$10.000.000
Reserve Liability of Pro-
prietors
BE- AT
.$20,000,000
HEAD OFFICE: HONG KONG.
MR. J. THOMPSON, AN IRISH RESIDENT, WAS AGAIN FORE MR. G. T. LOWRY
MAGISTRACY THE CENTRAL THIS MORNING, CHARGED WITH ASSAULTING MAK HON, NEWS. WATCHMAN OF THE PAPER ENTERPRISE LIMITED, AT WINDSOR HOUSE ON MON. DAY NIGHT.
Defendant admitted the charge. W. Sun- Detective Sergeant mers said defendant was appar- ently on his way home after celebrating St. Patrick's Day. He wandered into the "China Mail"
office and began to go up-stairs. tried to prevent him, and pushed and fell down the stairs,
The watchman, who was on duty,
was
BOARD OF DIRECTORS: Hon. Mr. J. J. Paterson, Chairman.
W. H.. Lock, Esq.. Deputy Chairman.
G. Miskin, Esq.,
f. K. Bousfeld, Esq.. A. H. Compton, Esq.. K. S. Morrison, Esq. L. J. Davies, Eriq.. Hon. Mr. T. E. Poarps, Hon. Mr. 8. H. Dodw 23 Hon. Mr. A. L. Shlalda, Sir Vandeleur M. Grayburn
Chief Manager.
BRANCHES:-
Banguon Belgon
San Francisca Shanghai
Kuala Lumpur Singapore
London
Lyons
Sourabaya
Bungai Petani
imag Bangkok Baterie
Ipoh Jobore
Robe
Florahas Calcutta
Kowloon
Canton
Choloo Colombo
Malaron
Dairen Foochow
Manila
Tientsin
Muar (Johore Tokyo Mukdea
Hankow {Inebio (lotjo
New York
Tsingtao Tokoh
Polping
Pening
Mr. Reynolds said that at 2 a.mi. on January 26, Inspector Darkin and a party of police visited a hut above Sing On Street, Shauktwan, found sleeping Defendants were
In an empty room the Po- there.
ice found two copper plates and a quantity of paper that could be I take this opportunity to place used for banknotes. In the par- morning of the H.K. Rope The China Mail" was not press-Halphons on record the Directors' appre-lour, eight
Manufacturing Company, a stone and, on ciation of the services rendered! found under by the Staff and Workmen dur- table, a number of engraving tools Ltd., over which the Hon. that the incident should have
Mr. A. L. Shields presid-occurred.
copper plates
ing the year; in this connection und magnifying glasses. some of you may be aware that
when he was
on the
"
Seconder's Speech
interest to resulta
MONTE
were
a
white
ing the case.
Defendunt expressed his regret
STOCK EXCHANGE ACTIVE
Was some investme
CURRENT. ACCOUNTS
Awntow
on
TRUSTEE and EXECUTOR business undertaken
Hong Kong, 20th February, 1941
HONG KONG SAVINGS BANK.
The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION, Rules may be obtained on application.
THE FOR
HONG KONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN.
Chief Manager. Hong Kong. 1st March, 1037,
THE BANK OF EAST ASIA, LTD.
opened in Local Currency and FIXED DEPO SITS received for One Year or shorter one of our engineers. Mr. W. E. In the outhouse, more coppered.
The case was dismissed with periods in Local and Other Currencies
terms which The Chairman said:-I am hap-caution, the Magistrate
will be quoted Peers, who joined the RAFVR plates were found in a hole in the
making on
application. on rave in 1938, ground. Two piece of paper re-py to address you to-day with a an order for payment of $20 com-
SAFE DEPOSIT BOXES of various was called up fift Active Service | sembling Hong Kong Government Statement of Accounts which is "pensation to the watchman
sizes To Let. at the beginning of the war: since ene doliar notes were found, as great improvement on recent then he has been promoted to the was also a hand printing press and years. Tank og Pilot Omeer and made a quantity of paint and varnish.
The year's trading has not been several bombing flights over Ger- |
without some anxiety owing to re- many and Italy: I very much re-
When charged, Wong Shing said percussions of the war such 1 gret to say that his machine was he was looking after the house for variations in cost of supplies, in- seriously damaged over Germany Fung Wing-fong. Second accused creased freight rates and the tran- night of January 15/16 said he had been engaged two | sfer of ships to other trades, Ship- Jast and he is now posted as days previously ps a cook and ping is our mainstay and "missing"
kaew nothing about the matter We are indebted to most of our
old buyers for their support dur j There Mr. J. Redman, Governmenting the past year a reduction. intenquiry on the London Stock Ex- Analyst, surd that all the mater- tonnage in Far Eastern waters, change yesterday and industrials Ta veronding the pent on for the link could be used for printing must obviously decrease their put-Courtaulds and Dunlops were edeption of the accounts. Mr. Abanknotes.
chase of cordage.
Lagain higher Cuments also im- Mors and M Chairman,
I have n wish to be gloomy, proved while home raids attract- have listened. with considerable } Pak Shun-wah, forvinna of the about this but it must be borno ed further support. Elsewhere
mind me of the colunur-printing department of the in
when considering the the markets were very quiet but of the activities. of the Cum Wah Book Volapany, said, prospects for the current year. fully steady. Kaffes were firm. Compatry during 1940. Gu The had experience in the printing would add that this year the Vo- except for some easiness in non-
$10,000,000.00 gould like to mife, my congratu-jet banknotes He explained the lume of orders booked has
Authorised Capita! been producers. Oils were steady ex-
5.590,600,00 lation, on tame to the Diretors. se sul copper plates and other | very satisfactory and I hope it
eept for a slight decline in Shells, Paid-up Capital
Reserve and Undivided Agents and Staff. It has been a tools handed to him. and sam
may continue.
Chinese engineering declined on
Profits
2,983,281.60 difficult year and I think
Referring to the accounts, you the they were all necessary for bank-
9. satisfactory restpts shown reflect note printing.
will note that for the first time a dividend for the year of
Street VAS HEAD OFFICE-HONG KONG great credit on all concerned
Profit and Loss Appropriation Acainst 176d. Wall
hesitant. Reuter.
10. Des Voeux Road, Central, I personally in very pleased 1:
count has been included in
OF DIRECTORS:- BOARD is Pecommended by the
interests of clarity. Board that a second donution of
Hon. Sir Shou-son Chow, Chairman; Ll Koon Chun. Esq.. P, K. Kwok, Esq.. $50 000 be made to the Bomber
Wong
Ching Yun Topg, Esq.. Chan Fund and I trust shareholders
shek, Esq.. Li Lan Sang, Esq., Wong will unanimously
That seven successful prosecu- | Chu Sen, Esq. and Fung Ping Wah. proposal. I venture to express
tions in connection with corrup- | Esq. the hope that this lead will be
tion among members of the Police followed by other public Come
Force were recorded during 1939, panies here for the Duration of
was disclosed in the 1933 Annual the War. I notice it is a con-
Commissioner Report of the 111071 practice amongst some
THE TOTAL NUMBER
Police, issued to-day. OF public Companies Shanghai
to
LICENCES ISSUED IN 1939 BY nake similar contributions,
THE POLICE DEPARTMENT During present conditions it is WAS 9,846 AS AGAINST 8,172, IN 1938, ACCORDING TO THE 1939 ANNUAL REPORT OF THE POLICE DEPARTMENT,
see 11
approve this
Wise to carry forward a ubstan- tial amount to current year's accounts.
I feel confident that sharehold-
The magnifying glass was used! for touching up the photographic plate and the hand press was the specialty made for note printing.
The case is continung.
MORE LICENCES
ers will approve of the Board's | It adds that the most striking proposal to capitalise the amount increases are (a) total number of standing to Credit of Reserve Ac- motor-vehicles licensed was 848 count and the issue of a further greater in 1939 than in 1938, and 300,000 shares at par. With re- gard to the Board's intention or (b) printing presses increased by
113 during the same period.
E. M. Gaskell).
the
Turning to the Profit and Loss Account I am sure you will ap- prove the subscription of $5,000 to the South China Morning Post War | Fund (and in view of the results | for 1940 will agree to a further contribution).
War Taxation
PROSECUTIONS
DRIFTING MINE
of
War Taxation based on the 1939 figures of $11,021.50 is the amount paid in 1940 and we have made a the Reserve of $30,000 to cover anticipated amount of Tax payable on the account now before you.
There is little to refer to in the You will note that Balance Sheet.
A drifting mine was reported off $102,863.16 has been expended or Shek Ku-chau, near Cheung Chau additions to Machinery. We will Is and, at 10.35 a.m. yesterday by have some further additions this the master of the s.s. Po On. year which are part of our pro- gramme to balance our output and modernise some of our equip-
ment.
ac-
Reserve Fund Reserve Liability of Pro
prietors
HEAD OFFICE: LONDON: 28, Bishopagato, E.C 2. Sur-Agencies in London: 117/122, Leadenhall Street. C.a West End Branch: 14/18, Cockspur Street, S.W.L. Manchester Branch:
62, Mosley Street, Manchester, 1
AGENCIES AND BRANCHES:
Rankow
Pertig Jong Long
Alor Star
Calentia
Nails Ipol
Karachi
Klaug
Rangoon
Salgor
Boromban
Shanghai
„Singapor
Kitiawan
investing proceeds from the lat-
Depreciation has been provided THE CHARTERED BANK ter issue in British Government
on the usual scale and your Board
OF INDIA, AUSTRALIA Securities, I am sure this will ap-
recommend that $50.022 be writ- peal to shareholders. I know lar. A Morris and Cant. F. L. Brown, ten off the land at Ma-tau-kok.
AND CHINA. from hard experience how diffi- Messrs B. Wong Tape, Leung Fat-tin. A bonus to staff and worker.
Incorporated by Royal Charter, 1853. cult it is for private concerns to Wong Chi Po. Pung Kong Un, Wong also appears in the proposed ap- obtain from home renewals and Ping Sun. Gibson Fahnestock, Ko Koonpropriation, This has been wel! Paid-up Capital
£3,000,000 replacements of plant and ma-Fan, Chua Seng Choo. Lo Yuk Tong, earned and I am sure will incet
£3,000,000 chinery during wartime, DS
of A. D. Humphreys, (Attorney for Mrs. with your approval, course Government contracts must Addressing the extraordinary meet-counts the profit for the year end-
£3,000,000 As you will see from the BC- bave priority. It is therefore a wise and farsighted policy to in-, mg which followed, the Chairman said: ed 31st December, 1940 is $285.- vest such funds in readly realis-1A shareholders at the previous meet 923.32; and with the balance ing approved of the allocation to Re- able securities and to be in a
serve Account of $600,000 this account brought forward from last position to purchase up to date now stands at $3,000,000, and it is pro- count $64,883.30; the amount avail- plant and so make up the time, posed to cupitalise same in the ratio of able for appropriation is $350,- lag that is inseparable from war one for every three shares held by 806.62; which your Directors re- conditions.
shareholders on the Register as on 1st commend be dealt with as fol- I share your regret at the ne- April 1941.
lows: To write-off Land at Ma- cessity for increasing charges to In view of my remarks at the pre-tau-kow, Kowloon $50,000.00; To consumers but I am afraid this vious meeting, there is no need to ein place to Chinese Superannuation | Ar was inevitable. In view of the borate on this mutler and I now form-Fund $10.000.00; To pay a divi- | Bangkok increased coal costs you have de-ally propose:--
dend of $1.00 per share $200,000.- Batavia tailed I think consumers are for- 1, That the Directors be and they 00; To pay a bonus to staff and Bombay tunate the increases in charges are hereby authorised to capitalise the workers $7.800.00; and carry for- Agencias: Robe are not greater.
sum of $3,000,000. Hong Kong currency, ward to 1941- account $83,000.02. Olive Street Humla Lunspur Aqurabaya
Fairlie Place Kuching The report and accounts were part of the undivided profits of the Total $350.800.62.
Canion adopted.
Company standing to the credit of the The proposal for the adoption | Unyupare Captain F. L. Brown proposed Cop embers holding shares of the of the accounts was seconded by Cebu the re-election of Mr. L. J. Davies. Company as on the first day of April. Mr. S. T. Williamson. the Hon. Mr. T. N. Cháu and the One thousand nine hundred and forty- Mr. F. Stafford-Smith, propós- | Uniphong Hon. Sir Shou-son Chow. Kt, as one in respect of, the net amount ca-ed the re-election of Mr. J. P. Hamburg Directors and this was seconded pitalised fully paid shares of the Com-Braga, O.BE. and Mr. S. T. Wil-
of equivalent nominal by Mr. A, MacKellar, while re- pany
FOREIGN EXCHANGE and General value in Hamson as Directors, and this was election of the Auditors, Messrs: three shares of the Company held by the re-election of Messrs. Percy FIXED DEPOSITS received to: One
the proportion of one share for every seconded by Mr. J. Nick,
Banking Business transacted. while · CURRENT ACCOUNTS opened and Linstead & Devics nt a fee ** them respectively and that such shares $3,000 per annum was proposed so allotted shall rank for dividends as Smith, Seth and Fleming and Year or shorter periods in frcnt or by
Messrs. Linstead and David Mr. Leung Fat-fin and from the 1st day of July, 1941,
was. Other Currencies. nt rates which will seconded by Mr. B.. Wong Tape. 2. That if on such distribution as proposed by Mr. H. Dreyer, sebe quoted en application
BAVINGS ACCOUNTS also opened in Mr. L. J. Davies, (Chairman of Diaforesaid any person, would be entitled conded by Mr. A. A. Botelho, rectors) presided, supported by the to a fractional, sharẻ the Directors Those present Included: Mr. A Local Currency and Sterling with in Hon, Sir Shouson Chow. Kt.. the Han shall, in lieu of issuing fractional eer-L. Shields (Chairman) Messrs. J. terest allowed at rates obtainable on Mr. T. E. Pearce, the Hon. Mr. Stan- tificates, cause the whole, share to be P. Braga. O.B.E., Mr. S. T. Wil- ley H. Dodwell, Mr.T. N. Chau, C.B.E., allotted to a person or persons to be liamson (Directors) and Mr. L. Ka-undertakes Executor and Truster busi The Bank's Head Office in London the Hon. Mr. J. J. Paterson (Direc named by the Directors and such share doorie: (alternate director for Sirness, and claims recovery of British tors). Mr. V. Sorby: MIE.E. (Man- shall, at such time as the Directors ager), Mr. G. G. N. Tinson (Solicitor) think fit, pe sold and the proceeds din Ely Kadoorie) F. J. Tavares (Se- Income Tax overpaid, on terms which and Mr. F... I. Ball (representing tributed amongst the persons entailed cretary), Messrs, F. Stafford- may be ascertained at any of thự Menara, Gibb, Livingston and Co., Ltd. to the fractions, making up such share. Smith, I. W. Showan, H. Droyér, Agencies and Branches:
The proposal was seconded by the J. Dick and A. A. Botelho (share- Agents), Shareholders were represent- ed by Messrs., J. A, Turrant, A. McKe Hon. Mr. J. J. Paterson and carried, holders).
Company's Reserve Fund, and to allot
Colombo Delhi
Madras-
··Manila Medan New York Paiping
Peking)
Talping Tiontsla *Tongkah
Banket) Talaria Takobame
application
Kan Tong Po. Esq., Chief Manager. Hon. Mr. Li Tse Fong. Manager"
BRANCHES AND AGENCIES:-
Manila Melbourne
Amay
Balavis
Nagnaski
Parla
Pelplius Penung
Boutila
Samaro
Shanghaẩ
Bing pur Berbaya
Swatow
Bombay
Calvuita
New York
Baiphon
Hankow
Honolulu
Robe
Lagoon
Kowloon London
Raigon
Yannour
Ben FrancBOO
Sydney
Tiestain
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits received
or one year or shorter periods in Local and Foreign Currencies on terma which will be quoted on application.
Safe Deposit Boxes To Let.
KAN TONG PO,
Chief Manager.
THE WING on bank, LIMITED,
Head Office: Hong Kong. 26, Des Voeux Road, Central. Authorised. Capital ... $10,000,000
LONDON BANKERS: Westminster Bank, Ltd. Foreign Exchange and description of banking business transacted,
every
Current Accounts and Savings Accounts opened. Fixed Deposita received at rates which will be quoted on application.
Safe Deposit Boxes for hire.
PHILIP GOCKCHIN,
Chief Manager.
Help your Friend and his Hobby by giving POSTAGE STAMPS
for his collection
-and Seeds For His Garden
“We can supply the goods of
his and your want -
GRACA & CO.
Dealers In
Postage Stamps, Garden Sands, éto., etc. -10,. Wyndham Streat
Established · 1896
Hong Kong
W. H. EVANS THOMAS,
Manager.
森藏藏漢
Page 45Page 46