Page
THORNYCROFT
JOHN L THORNYQBOFT ▲ CO., LIMITED,
ÜHIFBUILDER AND ENQIXEIRS,
ngha
LONDON, SOUTELMPTON AND BASINGSTOKE, «
100: 10, Kiukiang Road.
*THE HONGKONG“, DAILY
15 B.H.P. 30 B.H.P. 50 B.H.P. Engines
in Stock
For quotation apply.
SHANGHAI OFFICE."
ANOTHER SPECIAL OFFER FOR THIS WEEK: Everybody should take advantage of the low price at which we are offering.
%
very:
20 dozen Fancy Foulard Ties.
11
The very Smartest and Newest designs to choose from
20 dozen only
Regular Price $4.00
Special Offer
MACKINTOSH & CO., LTD.,
ench.
95
each,
Men's Wear Specialists,
16, Des Vaux Rd. Phone 29.
[33
HONGKONG HOTEL CO
LIMITED...
OPERATING -
HONGKONG HOTEL GARAGE
A
RUSSELL. STREET GARAGE REPULSE BAY GARAGE
Telephone No. 32. Telephone No. 659." Telephone No. 831.
SOLE AGENTS FOR HONGKONG AND SOUTH CHINA
FOR
ROLLS ROYCE
STUDEBAKER CORPORATION
WHITE COMPANY
Cara. Cara.
Commercial Trucka. Tyres & Rubber Goods, Motor Car Mascota.
[346
UNITED STATES RUBBER CO.
A. E. LE JEUNE
HEAD OFFICE AND SHOW BOOM IN PEDDER STREET.
MID SUMMER DISPLAYS
AT
WHITEAWAY'S
NEW GOODS
NEW GOODS
SPECIAL DISPLAY OF
NEW CARPETS
ENGLISH TAPESTRY & AXMINSTER
in our
NEW FURNISHING SHOW ROOM
NEW GOODS
CALL & INSPECT.
IN ALL DEPARTMENTS.
WHITEAWAY, LAIDLAW & CO., LTD,.
HONGKONG.
SHANGHAI ELECTRIC
STRUCTION CO. LTD.
RECORD IN TRAFFIC AND PROFITS.
The dfteenth annual general biting.
FRIDAY, JULY 15mm.
of the Shanghai Electric Construction filed until February,sing was not
Qu. Latte, was held at Basildon Hbase, Moorgate Street, E. oa June 1st. Sir. Alfred Dent, K.M.G., chairman of the company presiding. The secretary, M. L. W. Hawkins, having read the notice convening the meeting, and the anditors' report, the Chairman said:
Mr. J. S. Haskell seconded the resolu tion, which was passed unanimously.
On the motion of the Chairman, second- led by Mr. R.-S. Portham, M.I.E.E., Mr. J. S. Haskell was re-elected a Direc tor of the Company.
Mesars. Deloitte. Flender. Griffiths & L'o, were re-appointed Auditors.
companies, and especially desirable have? ing regard to the conditions under which this Companys: business is carried on We received nearly a year ago, with much regret._news of the death of Mr. G. M. Wheelock, who bad for some years been amentber of our Loent Board in Shang- hai. The
vacancy thus
Mr. K. P. Chen was appointed a member of the Local Board. Mr. Chen is a member of the Chinese Chamber of Commerce and of the Chinese Advisory Committee of the Shanghai Municipal Council: he is also a director of one of the local cotton mills and the manager and part-proprie. "The report and accounts which we have tor of a Chinese bank. The Local Hourd the pleasure to present to-day are the and the General Manager and his staff most satisfactory which the Company has continue to carry out most efficiently the ised, inasmuch as the traffic receipts and administration of the undertaking in the operating profits were substantially Shanghai, and the thanks of the Board, larger than they have ever been before. and the shareholders are due to them for Our profits have also been greatly aug their services, which have contributed to uented by the favourable silver exchange. a notable extent to the satisfactory posi--| You will observe from the appropriation tion in which we find ourselves to-day. account that including the balance of I now move that the report of the Direc- £3,778 brought forward from last year, tors and the statement of accounts for the total available met revenue WAJ the year ended December 31st. 1920, be £1.415. We have transfered to reserve and they are hereby approved and adopt- for renewals, £10,000: reserve for taxa-ed, and that a final dividend of 8 per tion. £30.000; general reserve. £45,000; cent, less Income Tax. be and 13 leaving available for dividend, 273,413. hereby declared. Out of this we have paid two interim dividends of 0 per cent each, which ab- sorbed £38.400, and we now recommend a final dividend of 8 per cent, which will absorb £25,600, leaving to be carried forward 29,413. After deduction of the expenditure on-renewals during the year the reserve for renewn's stands at £80,360. which is nearly 30 per cent, on the capi- tal as it stood at the end of the year. Qur profitst are subject, to heavy liability to taxation, as we have to provide not only for Excess Profits Duty at to per cent, but also for the new Corporation Profits Tax. We have fortunately in the past accumu ated certain reserves, which have been partially used in reduction of the charge against the profits of the year. In regard to Exces Profits Duty, you will be interested to learn that some time ago we made an application to the Board of Referees for an increase of the stati tory percentage allowed on our capital before prolits begin to be liable to Excess Profits Duty. This was fired by law at 8 per cent, but was increased, as the result of our application, to 0 per cent. Excess Profits Duty fortunately came to an end so far as this Company is con- A very stubborn, resistance was offer-: cerned at December 31st last, and oured by the Kwangsi troops and it was total liability for the seven year's covered by the Duty will be approximately Cantonese side were lost that the city
until about 1,000 lives on the i £130,000 and would have been near £180.000 if it had not been for this at was taken. The enemy also suffered plication to the Board of Referees. The heavy casualties did more than 1,000 remaining appropriation of £45.000 to
were captured as war-prisoners. The the general reserve raised that account fall of this stronghold has greatly dis to £10,000, which, with the sanction of couraged the enemy, troops and extraordinary general meetings of the serious resistance is expected from thêm Company, has been applied in paying up in other cities nearby. 15,000 new shares of Ein each, which have been distributed as a bonus in the ratin of one new share for every four shares held. This recessitated the increase of 'the capital to £400.000. The Londoa Stock Exchange has granted permission for dea ings in the new shares,
REAREVE
ACCIDENT CAPITALISM. JA
y
A vote of thanks having been passed to the Chairman, Directors, and the staff in Shanghai, the proceedings terminated,
f
די
THE WAR OF THỂ TWO KWANGS.
TANG YUEN CAPTURED AFTER HARD FIGHT.
NANNING EXPECTED ΤΟ BALL
WITHIN THREE WEEKS, -
The Canton Times reports:-After a bard struggle which lasted five days and nights, and at tremendous sacrifices. Tang Yan in Kwangsi was exptured early in the morning of the 12th inst.
not.
до
A DEFEATED GENERAL'S TRICKERY.
After his tragic defeat at the northern part of Kwangtung at the hands of General Tang Heng, Shum Hung-ying, oor of the most trusted generals of the Kwangyi war lord La Yung-ting, retired to Hoyuen and issued a circular telegram An examination of the balance-sheet sovering all relations with the War Lord will show that the first three items on the and announcing his intention of joining asacts Ride amount in the aggregate to heads with the Cantonese troops. Upon 454,681, as compared with the original receipt of this circular telegram, General capital of £320,000. As we have no le Cheri, Commander-in-chief of the Can- bentures or loans we have accordingly tonese Army, denounced it as a trick to spent about £161,000 on the undertaking deceive the Cantonese troops. Shum out of profits, & sum which tallies rough- Hung-ying, probably. feared that the ly with the reserve for renewals of £59,560 Cantonese will press the attack on his and the general reserve of £60.000. In troops and realised that he was not in. a view of the fact that so large an amount position to stand another attack.
How-
DYES FOR EXPORT. BRITISH CORPORATION'S AGENCY
RULES.
of profit has in fact been expended on ever, General Chen saw through this capital account. it was appropriate that trick and ordered his forces near Ho the reserve account itself, which is not yuen to advance and press the attack represented by surplus funds available until the remaining troops of this for additional dividends, should also be Kwangsi General are totally defeated. capitalised. After making the appre priations referred to, there reoains a balance of profit which enables us to make for distribution by way of dividend of the same amount as for 1919. Damely, 8 per cent., leaving to be carried forward £8.415, which is £3.083 more than the nouns brought in. An unsatisfac tory feature of local conditions is the In the House of Commons, on June henvy and increasing depreciation of thith, Capt. Wedgwood Benn asked whe Rubsidiary coinage due to indiscriminate ther the British Dyestuffs Corporation and uncontrolled minting of copper coins, refused to supply British export firms of which there are in circulation a num- with synthetic indigo on the ground that ber vastly in excess of actual require-they had their own selling arrangements menta. The General manager has suade in the Far East, and suggested that the repeated representations to the authori decision tended to divert trade from this ties on this question, which is not only country to Germany, Switzerland, and important to us, but also to the whole the United States,
of China, but is extremely difficult in
the absence of proper control by the Sir Philip Lloyd Gracme: [am.in- Chines Government to obtain for these formed that under the arrangementa representations the consideration which made by the British Dyestuffs Corporation they deserve, and to bring about effective with their agents in China, the Corpora- legislation having for its objeel the r tion is precluded from making sales of duction in quantity of the debased coin its products to merchants in this cour age In spite of this handicap our traffics try when it is known that the goods are and net receipts for the enrrent year are destined for export to and sale in China. the largest in the history of the Com-. I is, however, open to merchantą sup- pany for the corresponding period, a plying the Chinese market to obtain circumstance which is due in part to the their supplies in Chide through, the fact that we are constantly adding to agents of the British. Dyestuffs Corpora our rolling stock in order to cope with tion in that country. I am informed the increasing volume of traffic. Fifteen that in all such cases the agents of the new trailers were put into service last Corporation supply without requiring year, and the Municipal Council has sane any information as to the ultimate pur- tioned the introduction of a further five chasers. The Government is not respon trailers, which will bring the total up to sible for the management of the British ninety, thus giving
motor-car. During the trailer for every Dyestuffs Corporation, and the Board of
curreat year sever Trade has no power to dictate to firms railless cars wil also be added. and should in few weeks' time be in servico
on their agency agreement. and earning additional revenue. These additions do not by any means meet in
full the demand of the Shanghai publicTORIC LENSES ARE GROUND for additional traffic facilities, and Tro
have for considerable period heen in with a derp inner curve, which conforms to negotiation with the Municipal Council
for increased powers with a view to the every movement of the eye and makes the light extension of the Company's system under raillesa traction. It is intended that the scheme should be carried into effect by degrees as financial conditions. permit and deliveries of new rolling stock can be obtained.
ra!
GREAT INCREASE IN PASSENGERS.
equally clear in avery portion of the glass. Toris will set closer to the eye than the ordinary at lena thus doing away with the annoying reflections from the edge of the glass. For those who wish the very best in lenses, we recommend
We carried last year 110,823,311 passen- gers, which is 15,794,810 in excess of the torica. The Hongkong Optical Co., Succesor number carried in 1010. This is eloquent
testimony to the vitality of our under to Clack & Co. Manufacturing & Refracting taking. Reference is made is the report
of the directors to a proposal to instillate Opticians, located in Queen's Bond, Central
Staff Provident Fund a course which manufacture: Tories on all prescriptions in the directors have no doubt will meet
with the approval of the general body White, Smoke, Amber, Crooken or Fionmi
of shareholders as being in conformity
with the practice of important British ABT.
BY
APPOINTMENT
Apollinaris
NATURAL MINERAL
WATER
Since its "foundation in 1972, the Apollinaris business has "ALWAYS BEEN BRITISH OWNED.
THE APOLLINARIS CO., LTD. Obtainable in Quarts. Pinta & Splits at
HONGKONG HOTEL. REPULSE BAY HOTEL.
Sold by
WING ON CO.
SINCERE CO..
EMPRESS STORE, KOWLOON, and all the Leading Clubs & Stores.
LANE, CRAWFORD & CO.
NOTICE.
723
MESSRS. GILLARD & CO.
HAVE GREAT PLEASURE
in informing the
PUBLIC
that they have just received
THE WARRANT OF APPOINTMENT
SAUCE
AS
PICKLE MAKERS
TO
H.R.H. THE PRINCE OF WALES
THESE SAUCES, and PICKLES
May be obtained from, ́ ́
LANE, CRAWFORD & CO.
and
All other Stores.
SHOULD THEY BE UNOBTAINABLE' FROM YOUR DEALER, PLEASE COMMUNICATE WITH
DONNELLY & WHYTE,
TaL 636.
New Shipment of
DUNHILL'S
Standard Briar pipes.
Shell
Quaint shaped Ladies
Pipes in cases.
Cigarette holders. Oilsilk Tobacco pouches. Pipe gloves.
Carbon cutters. Tobacco caddies.
My Mixture.
Standard Mixture.
Cuba Havana Mixtúre.
935
GOODS
Tabaqueria Filipina,
38, Queen's Road Central.
936
BERGER'S PAINTS:
PREPARED PAINTS OF ALL KINDS
AND COLOURS, " 7- BERGER'S LIQUID RED LEAD Covers 50 per cent more surface, weight for weight, than the ordinary had mixed Red Lead, MATROIL-The, oil, paint you, thin witis. water. Covering capacity one third more than that of Washable Distemper.
STRUCTURAL & ROOF. PAINT A
preservative,
BERGER'S" VARNISH. OAK VARNISH,
BLACK JAPAN, COPAL, ETC. LEWIS BERGER & SONS, LTD. PRICES ON APPLICATION-STOCKS – CARLIED.
SOLE AGENTS:
W. R. LOXLEY & CO.
MR. THEGER MADE FINE COLOURS IN LONDON'İN 1708.