HONGKONG & SHANGHAI |BANKING CORPORATION.
Authorised Capital Issued and Fully Paid-up
· * - - $50,000.00§ .$20,000,000
Hong Kong Currency Re
£3,000,000 Sterling
1,000,000 1,050,000 1.254,039
Bcrve
An Order made by the Secre- 18, Gracechurch Street, London, EC.8. Reserve Funds: tary for Petroleum contains pow- Authorised Capital Subscribed Capital ers for controlling the consump-Paid-up Capital tion of liquid fuel and in future Reserve Fund & Rest no person may use, by burning. any liquid fuel in contravention of the direction given by the Se- cretary for Petroleum.
BANKERS:
The Bank of England and Midland Bank, Ltd.
The new powers will be exer- cised immediately to secure
the Bangkok ncreased substitution of
Bombay Home Calcutta produced tar oils for the imported Colombo petroleum products ul present
Those present included: The whom I must not fail to record | used. British Wireless. Mr. J. F. Braga (Chairman the Board's cordial thanks and Managing Director), Messrs.
J. Scott Harston, M. H. Lo and Lawrence Kudoorie (Directors).! the Hon. Mr. M. K. Lo, Messrs. |
Difficult Times
to seconding e proposal
for
SHARP FINE
Junk master Chan Her-fu was
A. M. Braga and E. Sabinet adoption of the report and statened $500 by Major A. N. Mac- (shareholders), Mr. H Braga ment of accounts, Mr. Scott Hai-fadyen at this morning, for pos- (General Works Manager), and to expressed appreciation
session of 48 letters for the pur- the hard work done by the Man-pose of conveying them out of the
General | Colony other aging Director and the Works Manager under such dif- Post.
than through the feult times.
The letters were found on board ap-his junk off Shaukiwan,
Mr. B. Alves (Secretary} The Chairman said: ---
Hew
of
-
The accounts present n features. There is a balance $4,850.81 in profit and loss count, after charging $122,927 38 for depreciation and providing for directors and auditors' fees, and corporation profits tax for 1941/ 1942.
The confirmation of the pointment of Mr. Lawrence Kadoorie to the Board was pro- and seconded by posed by the Hon. Mr. M. K. Lo|
Mr. A.
Braga.
The re-election of Messrs. H. Lo and J. Scott Harston
Mi
M
Delhi
Galle
flone Kong Howrab Ipak
BRANCHES:
Jun Kunnia Kandy
Karaobl
Kota Bharu
Madina
New York PANADA
Evaton
Shanghst
Kuala Lumpur Simba
Kuala Liple
Kuala
Trengganu
Ieserve Liability of Pro
prietors
.£ 6,500,000
$10,000,000
$20,000,000
HEAD OFFICE: HONG KONG,
BOARD OF DIRECTORS: Hon. Mr. J. J. Paterson, Chairman,
W, H. Lock, Esq., Deputy Chairman,
Singapore
1. K. Bousßeld, Esq.,
HONG KONG BRANCH Every description of Hanking Exchange business transacted.
201
TRUSTEE AND EXECUTORSHIP UNDERTAKEN. CURRENT ACCOUNT'S opened
A. II. Compton, Esq.,
L. J. Davios. Eng.
G. Miskin, Esq.,
K. B. Morrison. Eng. Hon. Mr. T. E. Pero,
BOG. Mr. 8. H. Dodwall, Hon. Mr. A. L. Shialda, Sir Vandeleur M. Grayburn Chief Manager.
117
A.BOY
Datavin Bombe
Local Currency and FIXED DEPOSITS received in Local Currency & STER Cicutts LING on terms that may be ascertai ed on application.
BRANCHES:—
Ipoh
Jobone
Robe Kowloon
Rangoda
Baigua
Pan Francines
Shanghal
Kuala Lumpur Bingapor
Bourabaya
Sungai Patani
Frator
Tientsis
D. BENSON,
Canton Obalno Colombo
London
Lyons
Malzoon
Manager.
Malron Voochow
Manila
Must (Johor) Tokyo
Haiphone
Mukdea
Tsingtao
Hankow Harbin
New York
Tokohama
Polping
Pasang
THE CHARTERED BANK Todo
OF INDIA, AUSTRALIA
AND CHINA. Incorporated by Royal Charter, 1853
C.N.A.C. FINED The manager of the C.N.A.C., vas summoned before Mr. H. G. eldon, K.C., this morning, for list of pas- oposed by Mr. L. Kadoorie and sing to furnish a seconded by Mr. H Braga.
sengers of non-Chinese race, Mr. Bruga proposed the re- election of Messrs. Lowe. Bingham of a plane.
within 48 hours of the departure Paid-up Capital
Reserve Fund and Matthews as Auditors and this was seconded by Mr. M. H. 1 L.
Development Continues
In spite of conditions affecting prices of materials rather adver; sely, building and development work on our Garden Estate Kowloon has proceeded steadily. The same all-round high stand- ard of workmanship and quality of building materials has maintained in the houses
been con-
structed. In the completed pro- gramme, will be found the ON- planation for the expenditure on Land and buildings dining the year of over half-a-million dol lars, $576,796 28 to be exact, but the whole value since Ther
in- ception of the scheme is a tot al
Accused pleaded guilty throughReserve Liability
prietors
a representative $50.
and was fined
MACAO ELECTRIC
COMPANY'S
RECORD
OUTPUT
of $1,633,500. Accordingly. thin A NEW RECORD IN output was disclosed at appears rather the Shareholders Meeting of the Macao Electric
Company. Limited, this morning.
Bank Overdraft higher than in the previous year, with a total of $824,973.08.
J. Gel
The Chairman, Mr. F Crown
You may be interested to learn that, in addition to the leases previously issued for the plots on which the building rove- nant had been complied with, application has been made for Crown leases in respect of twenty- three houses on the Estate.
;
tion, said:
was
£3,000,000 £2,000,000
of Pro-
£3,000,DGO
MEAD OFFICE: LONDONI 38, Bishopagate, E.C.2. Bur-Agencies in London: 117/122, Leadenhall Street, E C.2. West End Branch: 14/16, Cockapur Strvet, S.W.I. Manchester Branch:
$2, Mosley Street, Manchester, a
AGENCIES AND
4jor Star
Actriter
Bangkok
Bourbay
Batavia
Calcutta
Agencies:
Clive Street
BRANCHES,
PANADR
Beremban Bhanghai
opened
in
CURRENT ACCOUNTS
DEPO Local Currency and FIXED SITS received for One Year or shorter periods in Local and Other Currencies
terms which will be quoted 00 application.
on
SAFE DEPOSIT BOXES of various sizes To Let.
TRUSTEE and EXECUTOR business undertaken.
Hong Kong, 26th 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 FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong. 1st March, 1937.
THE BANK OF EAST
Bankow
Houg Kong
Hangoon
Ilola
Balgon
Upok
Karobl
Klang
Kobo
Kuala Lunip
Blagapere Hitinwad Sourabaya
Taiping
Madras
Tientsin
Manila
Tongkah
Mndati
(Phuket)
Authorised Capital
New York
Talagtas
Peiping
Yokokams
Paid-up Capital
Peking)
Fairie Plan Kucblog
Canton Cawnpore Cebu Colombo Taiphong Hamburg
Doi
and
were maintained at practically the same level as last year, and I wish The net profit for the year, after
to take this opportunity to place providing for depreciation, which; on record the Directors' apprecia- amounted to $113.124.53.
tion of the services rendered by
FOREIGN EXCHANGE and General $321.034.40, which together with the Staff and workmen during the Banking Business transacted. the sum of
CURRENT ACCOUNTS opened $120,243.53 brought year. forward from the year 1939, makes Soon after the outbreak of war,
FIXED DEPOSITS received to: One Year or shorter periods in Local or St. George's Mansions the amount available for appro- we instal ed another fuel oil stor other
Currencies priation $441,277.92.
at rates which will | From this, age tank and we are now main- |be quoted en application Besides the thirty-seven houses' it is proposed to pay a dividendtaining sufficient fuel in Macao to SAVINGS ACCOUNTS also opened in belonging to the Company on of $1.50 per share and a bonus last for nine month's normal Local Currency and Sterling with n the Estate now completed and o $0.50 on the 90,000 old shares 'operation, this additional stock terest allowed at rates obtainable on rented under lease, the two blocks which will absorb $180,000.00 and i cost us about 1-1/2 lakh. Our application.
1 of apartment buildings, which pay a dividened of $0.75 and stocks of lubricating oll, wires will be known as "St. George's bonus of $0.25 on the 43,938 "new" and cables, etc. were also consi- ness, Mansions," on Argyle Street will shares, which will absorb a total |derably increased on the outbreak Income Tax overpaid, on tering which be ready for occupation very | of $43,938.00 To pay to the Gov-of war. shortly. These apartments, which ernment of Macao 5% on amounts The
whole of the Company's Agencies and Branches. will be modern in every respect, distributed as Dividend and Bonus, plant and equipment has are in line with the imposing new, in terms of Clause 15 of Exten-maintained in first-rate condition, Administration Building built by sion Contract $11,196.90; to and due to the increase in Pad,! this Company for the China Light | transfer to General Reserve Ac- an order was placed for another, & Power Co. They form a strik-; count $100,000.00, and to
carry, generating set in October last for each two then held. I am ing addition to this particular forward to 1941's account $106.- year, and we anticipate delivery pleased to report that our offer district of Kowloon, which may 143.02.
'to be made early next year. was accepted by practically every well be regarded as the elite
shareholder. residential area on the mainland.
Your Directors have thought
Ten Per Cent. Up
It tting that, because of his! The total kwh. sold for the year
been
Capital Increase
Aut extension
to our present
to
The Bank's Head Office in London unciertakes Executor and Truster bus). and claima recovery of British
may be ascertained at any of the
W. H. EVANS THOMAS.
ASIA, LTD.
Reserve and Undivided
Profits
$10,000,000.00
5,599,600,00
2,983,261.50
HEAD OFFICE: HONG KONG 10, Des Voeux Road, Central,
BOARD OF DIRECTORS:— Hon. Sir Shou-son Chow, Chairman, Li Koon Chun, Esq., P. K. Kwok, Esq.,. Wong
Yun Tong, Esq., Chan Ching Shek, Esq.. Li Lan Sang. Esq., Wong Chu Bon, Esq. and Fung Ping Wah. Esq.
Kan Tong Po. Esq., Chief Manager, Hon. Mr. Li Tse Fong. Manager.
BRANCHES AND AGENCIES)—
Hanita Melbourne
Seattle
Bourabaya Swatow
Amor
Manager.
Batavia Bombe Calcutta
Bamarang
Nagasaki
Shanghai
New York
Blugapore
Haiphong Kunkow Honolulu
Paris
Polping
Penang
Kobe
Rangoon
Kowloom
Falgon
Bao FranczacD
The adoption of the Report and Accounts was seconded by G. G. N. Tinson.
Other Business
Mr.
as
close interest in the offairs of 1940 was about 10% more than Station building is necessary the Company. Mr. Lawrence the previous year, thereby estab- house this set and all the neces- Kadoorie should be invited to a lishing a new record and the num-sory material for this was pur- seat on the Board in his own ber of consumers increased by chased immediately the addition- Mr. Beale proposed the re-elec- right. I am glad to say the in- about the same proportion. Un- al plant was ordered and its erection of Mr. H. N. da Silva, vitation was accepted. His ap- furtunately, our operating costs tion will start before long.
Director and was seconded by Mr. pointment requires your con- were considerably increased due
At our last Annual Meeting, J. Fleming. Armation to-day.
to the increase in the price of fuel you agreed to the increase of the The re-election of Messrs. As usual, the Company recetv-, oil, this item alone amounted to capital of the Company, and as Lowe, Bingham and Matthews as ed loyal and devoted service from ver one lakh. The other operat- you are aware, we offered to the Auditors was proposed by the members of your Staff, to ing and administrative expenses share-holders one "new" share H. N. da Silva and seconded by
Mr. G. G. N. Tinson.
INDO-CHINA
STEAM NAVIGATION COMPANY, LTD.
OPERATING SERVICES FOR
CARGO and PASSENGERS
TO-SWATOW. SHANGHAI, TSINGTAO,
CHEFOO AND TIENTSIN
KOBE AND OSAKA
SINGAPORE. PENANG AND CALCUTTA
SANDAKAN, HAIPHONG
All steamers berth alongside the Roosevelt Terminal In the French Concession at Shanghal, where passengers and cargo are landed.
For Further Particulars Please Apply To
.1
JARDINE, MATHESON
& CO., LTD.
GENERAL MANAGERS.
TELEPHONE
30311
Those present were:
Mr.
Messrs.
F. J. Gellion (Chairman) N. G. Beale, and H. N. da Silva (Direc- tors) Mr. G. G. N. Tinson, (re- presenting the Secretaries) and Mr. J. Fleming (Shareholder).
COLOURLESS STOCK EXCHANGE
The London Stock Exchange yesterday was colourless except for gilt-edged, which further ad- vanced on all-round demand. Home rails, industrials and oils were firmly held but business and price changes were trifling. Kafirs, improved on early Cape support, and diamonds were firm. Javanese bonds receded sightly but Chinese Customs loans. Improved. Street was firm.-Reuter.
Wall
KUNMING BOMBED
More than 100 bombs wore dropped within the city limits of Kunming when a squadron of about-20-Japanese planes sturged a raid yesterday afternoon. Hun- dreds of houses were destroyed, and many casualties were infilct- ed among the civilians. -- Cen- tral News
London
Titu Vancouver
Every description of Banking and Exchange buslucas transacted. Loang granted on approved seer rities.
and
Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Foreign Currencies On terme 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, Lid. Foreign Exchange and every description of banking business transacted.
Current Accounts and Savings Accounts opened. Fixed Deposits received at rates which will be quoted on application.
Safe Deposit Boxes for hire.
PKILIP 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 wants:
GRACA & CO.
Postage Stamps, Garden Seade,
:10, Wyndham; Established 1890.
Hong