THE CHINA MAIL, THURSDAY, MARCH 4, 1948,
ROYAL INTEROCEAN LINES
Incorporated in the Nethársánchy ws
RONINKLIJKE JAMES CERNA PAKETUKART LUMEN KUZ AMSTERDAM É
JAVA-CHINA-JAPAN SERVICE
"TJISADANE
"TJIDADAK"
"VALERINS"
In Port
Macassar & Java porta, 6th March. « Sailing for Amoy,
Japan
Stli March
Batavia, Bemarang, Jourabaya 蟊
Macassar,
10th March,
Datavia, Semarang, -Sourabaya' &
Macassar!
on or about 20th March.
Manila, Mavassar,
Sourabaya, Semarang: Hatavia
131h March.
ASIA-AFRICA-SOUTH AMERICA SERVICE.
"RUYS"
Due from. In port
Loading for
Manila, Singapore Batavia, Mauritius,
Marques, Beira,
Lourenco
Durban, East London,
Port Elizabeth,
atosselbay, Capetown,
Buenos Aires, Monte
video: Santos, Bio
de Janeiro,
on or about
22nd March.
Transbipment cargo on through bill of lading accepted for Uar-Es-Salaam, Mombasa Zanzibar.
"BOISSEVAIN”
South America South Africa
early April
South Afric South Amerles end April
SUMATRA-MALAYA-CHINA SERVICE
"HEINRICH JESSEN"
VAN HEUTSZ"
Agents
"MEERKERK"
Due from
In port Sulling for Swator & Amoy
Belawan, Del.
Penang
21st March
Singapore
Salling for
Swalow & Amoy.
Sailing for
Singapore-Penang. Belawan Doll 12th March.
Singapore, Penang, Belawan, Dell, 31st March
HOLLAND-EAST ASIA LINE
EUROPE SERVICE
Due from
Japan &
Shanghai. 0th March
'GAASTERKERK”
on or about
"ALPHACCA”
Europe.
5) March
Europe,
on or about 2nd April.
Loading for
Manila (Singapore"
Colombo/Suez/
Port Sald/
Alexandria /
Genoa /Naarsejileo / Antwerp/Botterdam / Amsterdam /Hamburg/ Copenhagen/ Gothenburg/Oslo
6TH & 7TH MARCH
Manila/Blogspore/ Colombo/Sues/
Port Safd/
Alexandria
Genoa /Marseilles?
Antwerp/Rotterdam /
Amsterdam/Hamburg/
Copenhagen /
Gothenburg /Oslo
on or about
6th April.
Manija, Singapore, Colombo, Sue, Fort Said, Alexandria Genoh, Marseilles, Antwerp, Rotterdam, Amsterdam, Hamburg, Copenhagen, Gothenburg, Oslo early May.
Agents: SILVER LINE LTD.
`HENFONHALL”
ATLANTIC COAST SERVICE
Due from
Jalling for
U.8. Atlantlo ports, 11.8. Atlantic Coast on or about 12th March, Porta via
-Singapore-and-Suez,
KING'S BUILDING, CONNAUGHT ROAD. TEL: SHIPPING DEPT. 28016 PASSAGE DEPT. 28017.
Chinese Agents, No. 82 Connaught Road, C. TEL. 25133.
FINANCE AND COMMERCE
HOTELS' ANNUAL MEETING
Big Profit From ̈ ̈ ̈ ̈ ̈.....
Shanghai Sale
›
Money Market London
Stock
Gold had a hectic
sussion
yesterday, with rates fluctuat 8840.50 a tacl. The latter was. ing between $842.50 andi the opening rate. At the close of the market It was. $845.76.
Exchange
The sale of the Palace Hotel in Shanghai netted a profit of over three and a half million dollars said the Chairman, the Hon. Mr. M. K. Lo, at the annual general meeting of shareholders of the Hong Kong and Shanghai Hotels Limited Plastres opened at $1200 at its board room, Exchange Bullding, yester and dropped to $11.90 a 100 at
London, Mar. 2. 3 day.
the close,
Alter quiet mondan, during/the Present
earlier "park · of,(trina's “wension In the. at the
Chinese meeting the Company in respect of the
National Currency stock mergeta, with prices suling panara). were: The Hon, Mr. M. K. Lo same vehicles. To date, I re-futures opened, at 164 cents by steady to occsalogally, firmar, dalla (Chairman) · Mr. D. C. Davia, gret to say, despite the length and closed at 16 cents fort in and by the cloed bad, become fam
by widespread in markets, that, more an- Spot Mr. Lawrence Kadoorie, Mr. H. of time which has passed since | CN$10,000.
WAD un emely die. R. Cleland, Mr. F. C. Barry | presentation of this claim, no changed the whole day at 19.1/8 (Directors) and Mr. E.. H. P. settlement of the matter has cents.
been obtained and the Sundry White (Acting Secretary),
Shareholders present were: Debtors heading still Includes Messra. I. E. Roberts, Wan¦ the amount involved. Taing.shan, E. G. Smith, Maj. I would submit that, apart OW... Way, T.H.G. Brayfield, from the item Rehabilitation Lo Yuk-tong, CN. Kong, N.C. Suspense Account, no particular NcGregor, C.C. Blake, P.A. comment is called for in respect Waller, E.D. Abraham, J.K. of the other headings appour Brand, H.R. Malcolm, HD.} ing thereon. Bennay, A. Hilialy. Ko Sang- wo and D. Black (representing the auditors).
Rehabilitation
Ticals were again unchanged at $20.00 a 100, and · NEI Guildera were quoted at $98.80
100.
U.S. 'dollars continued their AP_grade to $5,48%.
Sterling and Australian pounds were unchanged at $12.86 and $12.54 respectively,
H.K. Stock Exchange
Market remaina dull and, ensy prices still dropping.
Before proceeding with the business of the Meeting, the chuirman made reference to the recent death of Mr. E. M. Ray. und who continuously served m the Directorate from 1922 ntil his departure from the Colony in December last, when Indifferent health caused him to resign from the Board.
"To, his wife and relatives the fullest sympathy of *OEB
H Company's Shareholders, the Directors and Staff in their sad bereavement."
Benefits
The Chairman-continued:-
Rehabilitation expenses in curred during the year 1947 amounted to $1.102.055. tho Just Meeting of the Com- pany various suggestions were! made by Shareholders as to the manner in which this type of expenditure could be treated in the Accounts, ranging from whole or partial capitalisation, to being written off over a num-] ber of years, and, as you will recollect, the Chairman promis- ed consideration-would be given these suggestions. A further view put forward at the timel was that the Company's Fixed Assets should be revalueal. Those suggestions have receiv- The Balance of Working. Ac.) ad due consideration and ex- count figure on the Profit and port advice has been obtained Lose Account before you con-¡ thereon, with the result that stitutes an approximate in the relevant expenditure for the crease of $400,000 over the bal year has been placed to a Sus- ance for the preceding year pense Account. At some future and Rent of Shops and Offices time when the properties can be also shows a considerable com- subject to valuation in keeping| parative increase. Those bone. with stable costs and market fits have been offset to some values, it will be possibjo if extent by the heavier charges then desirable to revalue the under. the headings Rents,] Company's Adsets and adjust Rates,. Taxes and Licences, ap the expenditure in question and expenditure
which the any augmentation thereof, in Company has no control, and relation to any accretions aria- Depreciation. The balance car- ing therefrom, and 1 trust this ied to the credit of the Profit method of dealing with the and Lose Appropriation Ao matter will have your general count of $1,728,770 is by some approval. $250,000 higher than the bal-l unco for 1946.
over
Business during the year kept ut a consistent level and In addition, there is the sum although Restaurant revenue of $3,554,580, profit realised on suffered a decline compared to sule of the Palaco Hotel, the volume experienced in the Shanghai, and together with latter part of 1940, revenue, the balance from 1946 of $105,- trom_bedrooma_was_mpra-than 006, the aggregate sum of maintained. Our accommoda- $5,388,866 stands at the credit tion facilities remain in in of the Account. Debited thoro-creasing demand, a situation; of the proportion of the Pro- which is likely to continue, for) perty Tax applicable to the some time to come. period under review and $500;- 000 provision for Corporation Hith regard to our Bub-i Profits Tax over the taxation sidiary Company, a note on the
Subsidiary
--- periods 1947-8 and 1948-0, and Balance Sheet states that steps
DE LA RAMA LINES
d
*XPRESS CARGO LÍNER services
*** AND FROM PACIFIC ₫♣ ATLANTIO COASTS
U.S.A, LOADING DATES
Pacific Coast
Glantic Coust Via
sos Angeles
From
stiantic Coast
Los Angeles Pacific Coast
Manilla
tanta Const
vis
Lam Aureles
dan Francisco)
& Los Angeles)
Dai
Verrel
Mid March 1.♥. "ANDAMAN""
Late March
M.Y. "BALI"
ARRIVALS
Data
7th March
Venel
IV. "TONGHAI"
20th March MY. "DONA ANICETA”
Early Apeli 21.9. "HEMLAND"
SAILINGS
Date
9th March
25th March.
5,8. “ESCALANTE" IY. "DONA” ANICETA” "ba.v. "TAMARLA”
MI4 April
m.v. “BATAAN”-
BOOKING AGENTS for PAL
THE DE LA RAMA. STEAMSHIP CO., INC.
MARINA HOUSE
Tels. 28676--22673-
THERE
A
NEW SHIPPING OFFICE #Tela, 28788--20158
CHINA MERCHANTS S.N CU.
Connaught 'Hé
alea
The Lido
Lil'CoV. LOANG Loan FORK. 8% Loan (1935) 100m. 4%% Loan (1048) 003, 300
DANES
II.K. 8. Bank 2000, 2000
(Lon. Reg.) 41171⁄4n. Chartered Bank 210 11/150. Meren 13k. . . . Dank of East Aula 135b. INSURANCES
Castan In 100, 400AM. Union Ins. 7868, 7064, 790.6. China Underwriters 7%ḥ, 84, H.K. Pipe Ine. $20.
BOIPPING
Douglas 260n.
IX. & M. Steambozia · 185. Indo China (Pref) 100. Todo Chinas (Def.) 230b.
with
U. Waterbosta (Old) 60, U. Waterboats (New) 49s, DOCKA, WHARVES, GODOWNS, ETC. HKK. Wharves (Old) 175b. 180. (New) (F. Paj 170. ** (New) (P, Pd), 12vn. 11.K. Docks 341. Chign Providenta 1844#. B'hal Dockyards 10.
MINING: Raub Minn 0 ILK. Mines .035, .015m.
·
LANDS, HOTELS & BLDGE.
1. H. Holela X.D. 201⁄2b, 20.
.K. Lands (Old) b, 891⁄2 **.. ILM. Landa (Naw), 80%. S'hat Lande 645, 4668. Humphraga Esistes 206. H.K. Reallen 18.
Chipere Estates 190,
PUBLIC UTILITIES
H.K. Tramways 2014), 256, 2144/8/2.85
44.
Peak Trains (Old) 21% Beek. Tranga (New) 95. Ste Ferries 1405, 1181⁄2 xa. “Taismaŭ“Forrten] 425,48310T483500
G. Lights (Old)-2345, R13, 23%/
G; Light (New) 19na. :
M.K. Electries (Qld) 6,
HK Electrics. (16ow) – 12b. Masa Electrics.210. Bandakan. LigDIA › DR. Tulephones, (OT)) 40%&#. 5036/2004. Telephoner; (New); 480, 49%258aA.
- Gaa. 6 in..
INDUSTRIALS.
Caplan Low
Comantą, (Old) 414.
“H.K. - Hopes, 23), 23% 1.
STORES. J.
Páty Pasg (2. Tin) $25, $4/09Ÿ4. Dalry-Farbai. Kiebta 41341/ Walson (X-Rta) 108/ “Watson, Kirkte:20140, 220,
Kapis: Grawfordu (Bah." Sinceres 9.0.
China, Emporium, 102...
Bea Co. Izd. 43
KwongBang ›Hose 200p..
Wing On (HK) 36.
#
tha
The averricht publication depressed the illeged market and Con- February, sold male figure of £27,000,000, pot ang Treasury 2456 both lost a quar-
er 93 78-46 and 15-35 gespectively.
Lowes in the indistrial svitlon were up 17 with Woolworth losing this mout at THẾ, Tubacen shares were sold,. Bel. tish American lost 1/22 at Bi5gin whilar. Domeng mùlom, Standards long 1/- at 29/1 on vamoom of a possible increas
capital by the use of new shares to
existing shareholders,
An mely sitempt to put all shares betier was unauœemful and. Shells, closed 1/32, cusjer on the day at Bibi. The pain. ing sections also shared to the down WAND 'movement lat differmere, West comparatively small,
The foreign bond market was quieter with European issues inclined to be bar- der. Foreign ralla were., one active but rather weak.
British Consols, 2% % *******
Victory Donde 47
Portland Cement
MINES
PRESIDENT LINER
SAILINGS
REFRIGERATION—SPECIAL-CARGO OIL TANKS-
CARGOCATIZE-SPECIE
TO SAN FRANCISCO
·(vla Manila & Honolulu)
8.8, "General Gordon" țin
Mar.
8.5, "President Cleveland"
8.6. "General Melga" (via Manila Only) ..........................................“ April 5.8. "Generat- Gordon"
- Mar. 13
April 24
TO SAN FRANCISCO AND LOS ANGELES
(VIA KOBE & YOKOHAMA) SEWA
Mars: 16 innnauj Mar. 23.
M.M. "Prialdané Pierce” 18. "Ardadia Victory“ (Also Calle Bhangbaida Honolazin)' 9.8. "President McKinley" 8.8. "President Jefferson
TO NEW YORK BOSTON AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS
68 "Forman Victory" 88' "Marine "Leopard"
Mar. Mar. 19
3.8. "President Buchanan' (Ex "Skidmore Victory!) Mar. 19, 9.5. Prealdent Filmore" (Ex" "Rutland Victory")
*** Apr. 1 AMERICAN PRESIDENT LINES, LTD. I 45. George's Bidy.
Tel: Nos.: 28172 /28175
Promeer Line
Arrivals from New York, Boston,
Other Atlantic Ports via Panama: "COURSER"
AS "PIONEER WAVE"
Sailings to Manila
ជន
Duo: Mar
Saily Mar 12
"
Sailings to New York, Boston, Philadelphia
Baltimore & Other Atlantic Ports via`.
Panama Canal
SECURITIES:
(exdiv}
78-44
Conversion Laun, '81956, '1961 1-7
a.
Funding Lowŋ, 4%, 1960/90 119-N War Loan, 64% 1963
103-18/16
304-4
114
INDUSTRIALS:
11.201
in Atherican Tobacco
6.0/33
· “COURSEN" 5.9.PIONEER WAVE"
09/0
Imperial Cherniomla
$5/2
insperini TodnycƠN.
6-5/16
Unton Corporation
*TE/
OIL SHARES1
Anglo-Iranian Co. ord
150/-
Burma Oil
$8/0
Monico Earl
15/0
8.8. "STAGHOUND""
**
134/444.
Funding Loan, 0% National War | Boada, 157%1
1949/51: 1932/84
302-7/14
For Full Particulars. Call
General Agents
Tel. 31251 (8 linam
Royal Dutch
Bhell Transparit
| Venezuelan: O
GILTRDGEDI
جعد
101- 101. ... 202.46.. Barings Donde, 3%. 1955/62..........141-%. Barinas Blonde, 2%, 1948/70...101- National War, Bonds, 1957/58+101»%; Savings Bonds, 8%, 1941/75 ̧ .... 100-1⁄4' Exebenar, Bands, 154%, 1980-300-27/12 Redemption. Stock 8%, 1988/95. #1-4; FOREIGN BONDI
Japances 55%, 1907741
Japanese 85%, 1921/59
DANKS:
12
Chartered Bank of I. A. & C. 10-11/18
Hongkong, Shanghai Mercantile Bank
..117.
Notice To Consignees.
S.S. TITAN!!
Damaged cargo ex the above essel will be surveyed at Holt's Wharf. between the hours 10 am and 12 noon on 5th and 6th March, 1948, and consignees re- presentatives are requested to be prosent daring; the survey.
BUTTERFIELD & SWIRE, Agents: Hongkong, 1st March, 1948.
Notice Consignees
Consignees per Barber- Willaimson Line
M/V "TAMERLANE”-
the recommendation of are being taken to obtain cald. Hace (Ori,)=205, your Board for the appropria- legislative sanction for the cop- tion of the available balance version of its Capital. When leaving $226,749 to be carried, this obtained it will be possiblets (New) Th. Stam. forward to new account.
to produce informativa Ap- counts and it is hoped auch Increases to Fixed Assets will be available within a few during the year were mainly months. the result of the acquisition of Provision has been made in the Repulse Bay "Lido" pro the Accounts under review for perty and the conversion of the payment, already made, of? part of the Sixth Floor of the the New Year. Bonus to the Peninsula Hotel into bedrooms. Company's Chinese Staff and The sale of Assets mentioned the usual bonus to the Foreign In the Balance Sheet refor, of Staff, and I trust you will ap course, to the Palace Hotel, prove of this.
When reviewing the 1945 Ac] The Baport and Accounts counts the Chairman of the wore approved. Company moptioned that Syn- Mr. Lawrence Kadoorie wa dry Debtors included, amongst re-elected a director and the ap others, a substantial claim pointment of Mr. H. R. Clelands 18. fin. 1834**r against the Military Authori- as director was, confirmed, ties, the major portion of the Messrs. Percy Smith and of thanks to the Board of D claim being in respect of Company were re-elected as au- rectors for the very cable:man vonicles, etc., purchased by ditors for the enaying year at ner in which they had conduct them during the War in Hong renumeration of $10,000.. ed the affairs of the Company Kong. This claim is of course At the copse of the meeting The proposel was Beronica, bi, linked with claims which have Mafor C.W.L. Way proposed on Mr. 14 Roberts, and und 27 kurulan M been made by clients Againat behalf of shareholders, a vote animously approved.
·
W Powell, Lid. littb.
MISCELLANEQUE. China Enferiatomentą: 370. H. Construction) (814) #40 11.K. Constructions: (New) (En, Vibro Filing tin. *
* Karenan” Turutzvents 18/9a;
Maramas, (H.K.) 1.405. COTTONE
Pacific Far East Live
Regular Trans-Pacif
are hereby notified that their cargo is being discharged, into. the Hongkong Kowloon Wharf & Godown. Co's godown where it will be at Consigneos' risk and subject to the Whart's terms and conditions of stor- age, and where delivery may be obtained!
Damaged packages are to be nation by. Consignees, and the Aloft in the Godowns, for examni- Company's Surveyors, Messes, Goddard & Douglas ht 19 a.m. on the 643. Margi
To comply with the General Bonded) Warehouse: Regulations consignees must Svea Ro venue. Officer In attendance when i dhibayad @dutiable goods
--Special Cargo 0% Tanks-
Safls Mar. 2.B. "AMERICAN MERCHANT"..Duo Mar. 20 ....”
Mar. 21
UNITED STATES LINES
Queen's Building,
الكرادة الى الى المدار
KLAVENESS LINE
SAILINGS
Direct to LOS ANGELES, SAN FRANCISCO. PORTLAND.. VANCOUVER & SEATTLE. m.s.-"BOUGAINVILLE"
SAILING:0th APRIL ARRIVALS FROM PACIFIC COAST ! ma. "BOUGAINVILLE
DUE 4 MAR SAILING FOR SINGAPORE PORT SWETTENHAM.
PENANG & BATAVIA:
5th: MAR PASSENGER ACCOMMODATION. BULK OIL TANKS
Chinese Freight Agenta.
HOO FOOK PING THE BANK LINE (Chips) Ltd.
Apply:
*.
THE BANK LINE; (CHINA) LTD: King's Building. Tol 27785
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN
M.V. "MONGOLIA"
Loading 14th/15th March
for
ADEN, FORT SAID, GENOA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN Tanks avaliable for, the Carriage of Off là's Bulk.
THE EAST ASIATIC CO., LTD Queen's Bldg, 2nd floor,
No claim will be admitted BARBER WILHELMSEN LINE
after the goods have left the
Steamer a rodowns, and all
sonde, remaining undelivered after the 7th March will subject to rent.
NEW Y
ANAM