"" Of course
the best
is scarcest!
First, there is
never enough of it.'
Second, everybody
wants what
little
there is."
47''
THE CHINA MAIL, THURSDAY, MARCH.25, -1948.“-
GREEN ISLAND CEMENT'S $134 MILLION PROFIT Trade
With its plant operating for only seven months of the year, the Green Island Cement Company, Limited, made a net profit of $1,793,750.39 dur- ing the year ended December 31, 1947. This was announced at the company's annual gen- eral meeting yesterday.
Mr. W. A. Stewart, Chair | considerations to which I have man of the Board, being-absent | just referred. The fact that the from the Colony, the meeting proposed Dividend of $687,898 was presided over by Mr. F. C. is well within the total not three profit on our sales of cement Barry, supported by other Directors, Moaars. D. C. of $917,205.14. in. worthy Davis, L. Kndvorie and Li note. Tee-fong.
D.
Messrs. F. C. Barry and C. Davis who retired were re. elected to the board.
In his Annual report, Barry said in part:-
of
The method employed in building up the General Re serve to $8 million is clearly shown in the Accounts and it Mr.will, be observed that this amount, together with The net profit for the year | $500,000.00 at the credit of 1947 in $1.703,750.59. To this Raw Materials Reserve, in sui- lins to be added the credit bal- elent to take care of the est- ance of the Profit & Loss Ap-] mated War Losses. propriation Account at 31st The Issue Capital has now December, 1946, of $933,045,63, | been Increased by the issue of making a balance for appro- | 94,548 shares of $10.00 each **** | | priation of 82,720,79622, which fully paid and ranking for the Directors recommend to boj Dividend as from 1st October, dealt with as follows:- Pay a Dividend of
If your White Horse Whisky is still difficult to
obtain, it is partly because so many people prefer it
Sole Agents for Hong Kong & Ching JARDINE MATHESON & CO., LTD,
CHILDREN EASTER DRESS PARADE
SPONSORED BY
Baby Shop
MRS. H. MOALEM
AT THE
HONGKONG HOTEL ROOF GARDEN
ON
WEDNESDAY, 31st MARCH
3.30 P.M.
FROM
to 5.30 P.M.
PROFITS WILL BE DONATED TO CHILDREN'S CHARITY
HONGKONG HOTEL
Reception Desk
TICKETS NOW ON SALE AT
BABY SHOP.
Room 218
Prince's Bldg.
5. Ice House St. Tel. 24736
A. S. WATSON
& CO., LTD. Alexandra Bldg.
$3.00 per share,
free o! Tux. on 195,494 Old Shares
Pay
11
Dividend of centa per share, free of Tax. on. 94,548 New Shares Transfer to Gen.
eral Reserve." Transfer to Cor-
poration Profits
Tax Reserve Pay a Bonus to
Staff Carry forward to Account for the year 1948
$586,452.00
70,911.00
Reminders
.2 1.m.
Today
Royal Hong Kong Yacht Club Dance,
I p.De |C,B.S. Dinner Cabaret, Dance, Roof Garden, H.K. Hotel, 9p.. to The Governor officiates at laying of
foundation stone of H.K. Tele phone Company's new building, No. 1, Cameron Road, Kowloon, 12 noon. II.K. Union Church Ladler Commk- tee meeting. Helena May Insti. KE, Garden Road, 3.30 p.m. Ladies Night, European Y.M.C.A.
Special Man for Workers, Catholic
Cathedral, 7, 4.mL Day & Night Adoration of Blesseo
Sacrament, Catholic Cathedral, Recital of Stainer's "Crucifixion". St.
John's Cathedral, B p.m.
Coming Events
2
TOMORROW Three Hours' Bervice, St. John's
Cathedral, noon to 3 pam. "The Way of the Crom", di Carbolle
Cathedral and all Churches, 1.10 p.m.
1947. Only a very Amall per- centage of Shareholders failed wo to take up this issue.
Staff Bonuses
I am Aure ... that you' will heartily endorae the Directors' proposals
ing the payment of bonusen. Our Works Chemist, Mr. S.S. Harris, who has given 24 years of untiring, conscientious ser vice to the Company, severs his 1,686,479.85 association with us next month and a retiring gratuity is in- cluded in the amount of bonus 190,000.00 to Staff, as also in a special bonus to Mr. J.J. Cameron. 64,091.38 Chief Engineer, who after
198,232.04
- $2,726,706.22
An analysis of the Profts & Loss Account reveals that the
net praft of $1.793.750.69 in made up as follows:- (1) from sale of
Cement, etc..... 3917,200.14 (2) from sale of
Land
Catholic
Figures
The Statistical Office of the ? Imports and Exporti-Depart- ment reports that imports t merchandise Into the Colony' bi Hong Kong during the month of February, 1949 amounted t
declared value of $181.243,408 compared with $82,567,394 in the month of February, 1947. The figures include Government sponsored cargoes,
of
Exports of merchandise to tailed a declared valió $92,286,063 as compared with $70,093,821.
Imports during the first twe months of 1948 amounted to à declared value of $271,098,578 as compared with $187,963,003 in the first two months of 1947. Exports totalled $206,602,44€ as compared with $173,685,144
The Railway Authority as | nounces that extra trains will bo run to and from Canton during the Easter and Ching Ming Festivals.
Alleged Fraud By
A Trustee
Chan Yuch-shu, allas Chan Shu, business manager of the Wing Wo-Cheung Firm, No. 311, Des Voeux Road, charged with fraudulently con- verting $30,000 to his own use while being trustee for the benefit of Chan Tsol-king, ap- peared at Central Magistracy, yesterday for the fifth hearing before Mr. F. X. d'Alnıada. Mr. Marcus da Silva la re- better do It, Li brusquely told presenting defendant, while Kwok to draft it. When that Det-Inspector Thomas Cashman.was done, Mr. Li wanted some assisted by D81 Lau, is pro-words to be changed, saying accuting.
that since the owner had died
berntion proceeded to the Hok Un Works and lived under very primitive conditions in order to protect your interests and to elean up and sort out the chaotic condition in which the plant was found.
Mr. Li Shun-wa. assistant It would suffice to imprint the Our Factory has been in con- compradore of the Hong Kong chop on the draft Mr. Kwok tinuous operation since the be-& Shanghai Banking Corporn then prepared andther draft. ginning of the year. We have tion, continued his évidence un-on which Mr. L signed two raw material stocks sumelent ner cross-examination of de-characters. Mr. LI then told witness that it would be neces- for a minimum of six months' fence counsel.
full production and the demand Mul Chiu-chan, nephew of sary, to undergo certain pro- $639,129.13 for our products continues un- complainant, residing at No. 2, cedure in relation with thei 13) from sale of
bated. Provided, therefore, Granville Road, told the Court $50,000. After receiving, the Machinery .... $237,422:32 there are no unforeseen adverso that in November, 1946, he $4,000, witnese concluded, he War Compensation to Staff developments, the Company in came to Hong Kong with his left the colony. represents $18,000.00 advanced Hkely to enjoy a successful aunt (complaintat) to draw The defence counsel reserved in Macao during the war to the year's operations.
out funds which his uncle, do his cross-examination and hear." families of our Portuguese Shareholders present were feetred husband of the coming at this stage was adjourned. Staff and 33,872.27 monies ad: Mesars. A.R. Brown, B. Wong plainant, had deposited aftor vanced to Members of the Staff Tape, C. W. L Brown, Lo Yuk-returning from the United! during their internment. Over-tong. H.R. Sequeira, S.S. Staten at the Hong Kong #j draft interest at $50,223.48 is Harris, Ho Kai-ham, Fong Shanghai, Banking Corporation. heavy Item, but will be re- Kwok-cheong, A.G. Melac He went to draw $4,000 firat
TIENTSIN & PEKING CARPETS & RUGS Intively small this year. I am B. W. Bradbury, L! Fook-wo, with a receipt which was given
NEW
LOVELY COLOURS
• EXQUISITE DESIGNS
FIRST GRADE QUALITY
* ALL SIZES
• ALSO HOOK RUG SETS.
SHIPMENT JUST UNPACKED Inspection Invited. Don't Delay.
THE CHINA RUGS CO.
KAYAMALLY BLDG.`
(TH FLOOR (OPPOSITE HONG KONG HOTEL)
sure you will approve the dona- F.R. Zimmern, T.A. Walfer, to his uncle when he deposited tion of $5.000.00 to the War E. Abraham, ond Leo Shiu- the money. The bank official Memorial Fund.
chung.
RADIO
and also on 9.62 megacycles in the 11
12.10 p.m.-Dally Programme Bummary, 12.12 p.m.-Jarpurites from the Films,
1.00 p.m.-"On the Beach at Walk!k!”.
refused to give him any money and he was taken to the Fixed Deposit Department, where he was told that a sum of money had been deposited and a notice In the prera had been published to the effect that a chop in con- deposited hection with the moncy was missing. He was also told that a sum of money from the $60,000 belonging to his uncle had been withdrawn on a letter of guarantee from
1.15 D.-News, Weather Report and the Wing Wo-cheung Firm. Thu
ARBORIS DEDEnte.
Big Improvement
Turning to the Balance Shoot you will observe that Current Assats are greater than Current ZBW Hong Kong brosdesating Liabilities by $2,055,016.64. frequency of $45 kitocycles from 12.30 to This figure is an immense im- 2.00 p.m. and from 6.00 to 11.50 p.m. provement when considered metre band from 12.30 la 1.80, 6.30 to 7.30 against the comparable figure and 8.00 to 11.00 p.m. of $154,844.10 for 1946. The H.K.T. heavy overdraft with which we commenced in 1947 (over .8% million) was liquidated by the proceeds from the new issue of shares, sales of Jand and machinery and from sales of accumulated stocks of cement and, as you will notice, we end- ed, the year with a credit balance of $1,264,014.82. Slace the Accounts were drawn up. However, the financial position has again changed because of a decision to build up stocks of raw materials to a minimum of six months' supplies at full
YOU CAN'T MAKE A BAD CUP OF M.J.B output to meet any emergency
Served exclusively at:. GLOUCESTER LOUNGE, DAIRY FARM, PARISIAN GRILL JIMMY'S KITCHEN, ON LOK YUEN, ETC., ETC.
MJB
coffee
Obtainable at: DAIRY FARM RETAIL STORES,
LANE, CRAWFORD LTD.,
And Every Other Rellable Stores
RIP KIRBY
-Payment for then supplios bas greatly reduced Our credit balance and it is estimated that ʼn after payment of the Dividend recommended we should háve an overdraft of approximately *$300,000. I€. will also be noted that we still have aliability for, the purchase of now machinery, to the exent of £40,000, or
approximately $640,000.00
The Dividend recommended is amali in relation to the total net profit, but is governed to
1.15 p.m-Orchmtra) Interimía, 1.10 p.m.-Bergs and Hoefs from Yochian
Lands
1.50 p.m.--Close Down.
6,60 p.m.Programme. JummaTY. .01 p.tudio: Children's
"Peter Duck" by Arthor: Hansonsé. Kylsode #Homeward Bound" Read by Captala Flint
6.10 p.m.--Studio: La Demi-Laure Fran
sales.
· Hoide' News,
7.10 0.-London Faisy: World and 7.18 DITMA" With Tommy Handley
(BUTE).
7.15 p.m.-Thursday Boranade", 8.10 Dm. Vocal Recital by Isobel Balile
8.10 p.m.-Orchestra) Favourites. 2.00 p.m.---Landon Balağı World and
Home News, p.15 pol-Weather Report.
bank official promised to contact the firm regarding the with- drawal but when no reply came witness was taken to see Mr. Li Shun-wa.
Seemed Doubtful
Mr. Li, witness said, told him' about the advertisement and seemed doubtful. of hle. bona fider and threatened to bring the pollte ihte the matter. He told Li that he would be willing to allow the late to settle the matter.
Mr. Kwok of the Fixed Do- poilt Department, allowed him | 9.16 p.m.-Studies Book Reviews byo withdraw $4,000 on condition?
G.A. Endacoti: "An Exposition of
that he joft the chop, which he had, with the bank. At first, "Imperial. CommonwealthTM ... Mal continued, he refused on
Empirà,1,be
Connington
"Lord"Eilon,"
C.E.
9.30 p.London Plazhester
Narela by Humber Goddon with
· Deborah" "Kert, Flora Robson, Tail: leen Byron, Sabu and David Farrar ut our Storyteller. 10.00 p.m.-London Balay Hadis Newi
Reel
י
10.15 p.west. Eerwunda"" with Peter Yorke and Ille Condées › Orchesten, and Pauls Des and Be Conway (Vocal)~(UBGTB):~··
a great extent by the financial 11,40 pau Close Dewa
ANOTHER.CUSTOMER FOR THE LAMPT@NO..¡HE'S NOT LOOKING
| AT IT. HE'S ADMIRING HIS OWN
· REFLECTIONS.AND. „COMBING HIS HAIR.... "WAVY HAIR!
HOLD IT, HAWTHORNE ...
THIS CALLER IS MINEĮ.
the ground; that the chop was connected with the 850,000. But "finally after - consultation with his aunt, he agreed and asked tot a receipt for the chop.
There was some dispute over the wording of the receipt, Mul sald, Mr. Ll directed Mr. KWE to draft it and sign it, but when Mr. Kwok told Mr. Li' that He
BY ALEX RAYMOND
YOU ADVERTISED LA CAMPUS,PM-S [AUTHORIZED TO BUY IT IF THE: PRICE IS RIGHT..
WRIGHT THIS WAY,
SIR
You need this extra
nourishment
Ja constant tiredness make ing your life a burden?
The Doctor Says WHEN A SUPPLEMENTARY
DIET IS INDICATED I
RECOMMEND HORLICKS BECAUSE IT IS
A BALANCED MILK FOOD.
WHAT HORLICKS is
Horlicks ta mode from pure full cream cows milk plus the pairi tiva antracts of malted barley and wheat. It is a cosaplete food con- gaining body-building and soRIGYN giving foods in proportions neces« eary for normal nutrition. Horlicka is 100% nourishment.
La thổki days đỡ: often happens that
our bodień fail to get the full dohithy `ment, we need to leod'n'normally. active life. Low of moergy.Lopaktend tiredness and weakkión, dold yildan that we are unable to, kaftá ap the}
To meet this condition dictate starts where recommend Horlicks annak addition to the disi' - HOTIKAKA MARRANGE all the foodnets of fallärials, famil milk is which has been added the 'rich' energlaing nourishment extracted fram malia idally and wheat' dat přít vides in dorrea proportions the bodyt buliding, sad i energy" Foods, olak deticient in ordinárý födik,
Horlicks com be: mode', with wabir only-the milk is in it.” Drink Borinki every day.
Horlicks renew warda off fatigue.
Take HORLICKS
Horlicks can be ab tained at all good dispensaries did proj vision' stored = trhu koma d' botila kadar
and Build up your Energy
W. S. SHERLY & CO., Kayamally Bldg.
DONUTS
Delicious doughnuts, golden brows
#weet, cooked da "delivered automatie÷ ally, untomched by hind and abolu fresh
COME AND WATUI The machines WOT LE
The Vools RA, G. “Queen',
daily from 11' ar
dally, from 3
ON LOK YUEN CO, LTD.