Page
"
Allan
21
THE HONGKONG DAILY PRESS, FRIDAY, FEBRUARY 17TH, 1922.
BITH FOR NEW BA1YINGFUN SCHOOL
COMPANY MEETINGS The Governor recommended the Conseil GREEN ISLAND CEMENT CO., LTD.
UNION WATERBOAT CO., LTD. ovoto a sum of $138,500 in aid of the
The seventeenth annual general meet- Note Public Works, Extraordinary, Hongkong, Public Health and Building ing of this Campany was held at the offices Dodwell & Co.) yesterday morning. Mr. The thirty-third ordinary general meeting of this Company was held at the Ordinance, 1909, (41) Compensation and in St. George's Building, yesterday morn G. M. Dodwell (Chairman) presided and offices of the general managers (Messrs Resumptions
The CHAIRMAN: This sun is required ing, when there was an unusually large there were present:-The Hon. Mr. A. in connection with the resumption of attendance of shareholders. Mr. Robert D. Lang, Mesars RG. Shewan, H. Inland lot 753, Bonham Road, from the Catholic Mission The site is required Shewan (Obairman of Directors) presided Kanei, A. E. Crapnell, C. J. F. Q. Van for the new Sayingpun School. this amount 827,997 will be deducted as Robert, the Hon. Mr. 4. O. Lang and G. R. Edwards, J. Owen Hughes, D. W. From and there were present, the Rev. Father Uford (Consulting Committee), Years. premium on new site to be granted to the Mr. J. Bell Irving (Directors); Mr. Aflaton, E. Esra, L. S. Greenhill, F. Mission, in Broadwood Road
Approved.
Keita (secretary); Messa. H. Ellis, A. A. Ellis, J. Smythe, J. da Silva, W. Bird, G. P. Lammert, H. A. Lam- W. E. Van Epe, G. P. Lammert, H. The Governor recommended the Council mert, A. Stevenson, M Manuk, W. Adam-Seth, (shareholders) and Mr. C. Gerken to vote a sum of 8191 on account of Kowloon-Canton Railway, Special Ex-On, Tse Tan Tai, Poon I Cho, W. J. (Secretary), penditure, Fire Hose, etc...
The CHAIRMAN This is required to Ellis, W. J. Carroll, M. A. Razack, Hawker, Leo D'Almada, A. S. Ellis, Fred. supplement the sum of 3000 provided in P. M. N. Da Silva, E M. Raymond, Chan last year's estimates The coat in sterling. was £147 194
Yat Fang, A. H.-Carroll, V. Yamvich, Approved.
A. A. Cordeiro, V. A. Croscher, F. P. de The Governor recommended the Council Figueiredo, E. Abraham, J, W. Bow, A V. Sonres, B L. Basto, E. J. de to vote a sum of $1,029 on account of 4 Alves, J. Kiteball. E E. Ellis, C. C. Kowloon Canton Railway, Special Ex-Stark, W. E Van Eps, A. Figueiredo, penditure, Motion Plates and Cylinders F. M. Ellis and Leong Tai Fong (share for Locos. 3 and ▲
holders)
VIRK HOSE.
RAILWAY VOTE.
A SHAREHOLDER INTERVENES, Mr. H. Sary: I beg to make a small
and a bonus of 50 cents. This will da amending proposition
away with writing off depreciation of dividend. I suggest a dividend of $1.95 regarding the
cause," for 1818, 14,400 odd was written the beats. I make this proposition be off, in 1920, $66,200 and in 1991; 871,300--- and because I think the increase in profit warrants it. As to the recommendation that we write off waterboats, $15,000, 810,000; in 1919 by $13,000 and in 1920 there has beca full writing down of the value of the
waterboats i 1918 by
Falue of the water bonts at the and of by $14,300 a total of over 837,009. . The 1918 was $111,300; in three gears, sinco we have written off $37,000. The fleet THE CHAIRMAN'S SPEECH.
was then six old bosts and the value had been, written down to 374,000. Since then A new boat worth $59,900 has been added. trading for the year 1991 amounts to written off, already, $30,000 for special The CHAIRMAN -The proft on That brings the value of the feet to $64,171.11 and, including interest and repairs sad another 890,000 this year
$339,000, In addition to this, we hava
forward from last year, there is the value of the boats-say half of it can dividends on favestments and the carry. which I quite agree with that is $50,000. amount available for allocation of be described as doing 80-
la a measure, this expenditure appreciates $77,730.48. Water supplied during the any necessity, in view of the profits made, I cannot see year amounted to slightly over 500,000 bonus on the shares i propose & divi- of not paying a greater dividend, or a tons, which is a record for the Company. dend of $1.25 and a bonus of 50 cents. year's work is very satisfactory and sur
The CHAIRMAN saidr-The result of the with the demand and your general man- It has proved difficult at times to cope
Mr. FRED ELLIS seconded. The CHAIRMAN: Mr. Seth, I am afraid passes all our records: A strong demand agers, with the approval of the Consult propose is out of order.
that, in any case, the amendment you set in, in the early part of the year, anding Committee, bave felt justified in the Company, under 91, sub-section 10, to take full advantage of it we worked placing an order for a new vessel which you will see that the general managers
refer to the Articles of Association
If you will the factory to the fullest extent of it I trust will be in commission during the and the Consulting Committee are em- The Governor recommended the Council turn out; but, of course, we cannot con- latter half of the present year.
capacity, and sold every cask we could to vote a sum of $4,100 on account of tinue this practice indefinitely as the plaat Public Works, Extraordinary, Kowloon, must be laid up occasionally for overhaul dressing you I pointed our the necessity
powered to make such reservations na Erection of temporary Rickata Shelter and repairs. Towards the end of the year,
When I last had the pleasure of ad-20, think fit before declaring the divi
dend. with latrines attached in Kowloon.
The CHAIRMAN:
Mr. SET: I am sorry, you did not tell owing to the appearance of cheap con- of thoroughly overhauling and recordi The Captain-Superia tiental brands of cut from home on tioning the older vessels of the feet avoided a log of talking on my part. tendent of Police requested that certain some of our markets, the demand fell to During the past year I am glad to say
me this, Mr. Chairman, when I called temporary ricksha shelters with latrines a certain extent and gave
on you the other day. It would have attached, should be erected in various breathing space. At the moment there is 115 a little
The CHAIRMAN: And the Consulting places in the Kowloon peainspła.
we have been able to effect such repairs tions made are necessary. The
Committee have agreed that the reserva- estimates for these places are:
a good demand locally and in China Yaumati 81,100; one as Mongkok, 8000; year seera "good, but we cannot cope with
on two of the boats. The cost has been One at Ports, so our prospects for the present met out of the Special Repairs Fund one at Samshuipe, $900; one at Hung any extra demand from abroad without The Company's superintendent adviks hom, $900; and one at Kowloon City, additional machinery, the necessity for that there are still three further boats 900-a total of $1,700. The Captain which is becoming urgent. Superintendent pointed out in making this application that the only shelter at
which may require similar recondition- Kowloon at present "was thit at the
ing and it is for this reason that your Star Ferry pier,
general managers recommend the trans- Approved.
The CHAIRMAN: This is a supplemen- tary vote. Under "Special Expenditure" last year $4,800 was provided for this pur. pose. The actual cost of the motion plates and cylinders was 85,598, teaving a balance of $1,028,
Approved.
TEMPORARY RICKSHAW SHELTERS FOR
REARRANGEMENT OF KOWLOON,
A
A
THE OHAIRMAN'S SPEECH.
ABWARNING NOTE.
GOVERNMENT CHARGE FOR WATER DOUBLED
has not been correspondingly reflected in The increase in the demand for water the nest earnings of the Company, more particularly as regards the last six
of
Mr. SETH: I have nothing further to The CHAIRMAN: Would you like me to read
Mr. SATH: No, I am quite content, only I think you might have told me when I called.
The CHAIRMAN: I did not know you were going to move an amendment, Mr. Seth. The motion before the meeting is that the report and accounts, as circulat-
COMPANY REPORT, HONGKONG HOTEL CO.," LTD. «
ver, 1921, amounted to 438,692.83, 4s com- Subject to audit, the profit on working account for the year ending 31st Decem- parou with $387,640.71 for 1920.
With regard to the disposal of profits, I hope that the allocation we now profer of $20,000 to special repairs account, pose will meet with your unanimous approval, but I would not be doing my which at present only stands at 85,483.53ed, be adopted. The Governor recommended the Council duty to shareholders if I did not point A letter was recently received from a The resolution was then carried, with to vote a sum of $6,500 on account of out that this is an extraordinarily large shareholder in which be surmised that seconder.. Public Works, Extraordinary, Kowloon, profits, and it is very doubtful if, with this special repairs account was
dividend, declared from abnormally, large
two dissentients Mr. Seth and his Re-arrangement of Kowloon Inland Lot due regard to prudence and to the neces utilised for the purpose of new construc auditor on the proposition of Mr. D. W No. 629, 830, 631 1111.
to be Mr. C. Bernard Brown was re-elected The CHAIRMAN: This sum is requiredBity for Anding funds for additions and tions. This is not so. The cost of any HILL for levelling the area which was named extensions in the future, dividends to such,
MUxTox seconded by Mr. L. S. GREEN- Tsai Sze. One of the conditions of the an extent can be declared in the years to new water coat is treated as capital ex re-arrangement was that the Government 'come. shoulde for the levelling.
We recommend $250,000 being put aside to past accounts.
penditure, as you will ace by a reference The Hon. Mr. POLLOCK:
Where are
out of earnings for the new plant, as both these lots, air 7
of our principal competitors in this part The CHAINMAN: They are on Nathan of the world have recently greatly in- Road, what is called now Coronation the same, we shall not be able to retain creased their output and unless we do Road. The north end of the lots is on all our customers. As I said last year, it Waterloo Road and the position of the lots did not fit in with the layout of Nathan is absolutely necessary for us to zoom Road and the adjoining roads. There was late funds for additional plant. We shall considerable amount of filling to be done. purpose, and we estimate the total soet ern increase in the cost of operating
now have about. $500,000 available for this months of the year. This is due to get account (inc.uding the sum of 841,800.56. : The matter dates back over three years of a new 200 foot rotary kila from home and in the cost of water to the Company, The original application in fact was will be in the neighbourhood of 81,000,000 in this connection I would explain that in October, 1917. The development of these lots in those days was a matter that for it will cost an additional $100,000 on June 30th last the Company received and that the foundations and buildings had to be referred to the Secretary It will probably be two years before it State and his approval was received in
a notification from the Government that, September, 1919, but no expenditure has which time we hope to have enough sur cost of water supplied to the Company is all erected and in working order, by as from the following day July 1st, the been necessary until now.
Approved.
plus funds to cover the total cost. Company Specification and tenders for this plant doubled. Needless to say your general
at di chi kok would bei have now been received and we propose managers made every endeavour, in writ to place the order after our Works ing and by personal interview, to obtain Manager, Mr, Arnott, who is going home some reconsideration by the authorities in April on leave, arrives and has had of their decision. We were granted a time to go carefully into the matter on very sympathetic hearing but were unable to obtain any materia or immediate relief in the matter. It appears that cer The dust collecting plant is now in over the extensive improvements to water- tain beary expenses have been incurred by the end of the year. We are sorry to necessitated this step by the Government. course of erection and should be finished works that are being undertaken which say, that we fear the cost of the buildings. By way of compensation we are hoping expected, owing to the rise all round is in a position to give us a better pressure amount to $1,180,000, and who general ro- and foundations will be more than we that the water authority will shortly be
at our Ini-chi-kok supply, as this will serve (including, above appropriation) to The accounts are set out in detail and effect a considerable, saving in time to $250,000. nothing in them that I can see that re quicker service to our clients. Further, are, think quite clear and there is our waterbouts and enable us to give quires any special cornment, except that we have hitherto had the benefit of a small and intermittent supply at North
WIRELESS AT GAP ROCK.
The Governor recommended the Council to vote a sum of $1,000 on account of Public Works, Extraordinary, Hongkong, Miscellaneous, Erection of Wireless In- stallation at Gap Rock,
The CHAIRMAN: This is a re-vote for portion of the $11,000 taken last year. The work was not completed. The actual amount to be revoted is 83,800, and small supplementary vote is required for $800.
The Hon. Mr. POLLOCK: What is the
range, sir
The DIRECTOR OF PUBLIC WORKS WAS understood to say that it was for the purpose of communicating with Cape D'Aguilar.
The CHAIRMAN: Incidentally Gap Rock the same machine for electric light and
"Approved."
fans.
the spot.
THE AUST FROBLEM."
the cost of labour and materials.
We are
brought forward from the previous year, and antar allowing for debenture and The balance at credit of profit and loss
debta, etc., and actting aside 287,311.72 for depreciation) amounted to $388,627,43 overdraft Interest, bad and doubtful
Arter deducting the isterim videod November, 1821, the sum of $266,527,43 re- amounting to $120,000 paid ca 12th
mend be apportioned as follows:- maids, which the Directors will recom-
To pay a final dividend of 60 cents per share on 208,000 shares...*********
$124,800.00
To pay a bonus of 30 cents
per share on 203,000 shares 62,400.00. To transfer to Generel Ro
serve
To carry forward to new
account
ONEIDA COMMUNITY RELIANCE PLATE
The silverware of lasting satisfaction
5 PATTERNS IN STOCK.
LANE, CRAWFORD&Co
SHERWOOD'S
RYSTOLITE
THE IDEAL ENGLISH WHITE ENAMEI
Sold in quarts, i and 1 gallon tina
THE ENAMEL THAT WON'T TURN YELLOW,
Tel 1741.
LANE, CRAWFORD
HONGKONG
CO
ORCHESTRA & BAND RECORDS
JUST RECEIVED
L1300B HUBERT'S UNFINSHED
SYMPHONY PARTS 1 & 2
MOZART QUINTETTE
PARTS 1&2
1738 CHRISTMAS MEMORIES
;
PARTS 1&
2479 MARCHE LORRAINE
REGIMENT OF SABRE & MEUBE THE DANCES FX BESTET VILİ
PARIS 1 & 2
1134
30,899.09
48,498.05
$266,527.43
LE
£1362
PICTUBES FROM AN
EXIBITION IN 4 PARTS
2321
1897
AT
The land and building reserve will
ORIENTAL OPULENCE.
come visiting this lile,
quite a little while-
benefits because they, are now able to have you, will notice & debit of 811,14441 for Point, but this will shortly have to The Prince of Wales, we heard, would cast of property, at Castle Peak, be abandoned owing to the extensive rond regard to this, I need only say that as the cost was so small, we thought advisable to acquire this piece of land in caso it should be necessary at some futur date to make use of it to supplement.ou? present site at Hok Un- In the neaз time, we hope to lease it at a rental suffi cient to cover the loss of interest.
Stocks of raw material are larger than last year, as limestone has come forward in rather better supply.
FINANCES OF CANTON. DEFICIT OF $20 MILLIONS OVER
KWANGSI CAMPAIGN,
Last year's finance of the Canton Gov. ernment Baw a deficit of over $50,000,000 owing to the campaign against Kwangsi. Mr. Chung Hsiu-nen, new Minister of the Finance Department, proposes the following measures: (1) salt-tax to be levied by Kwangtung province, (2) $3,000,000 to be raised by
collecting traffic tax, (3) $8,000,000 per annum by consolidating paddy-feld taxes, and (4) $1,000,000 by drafting register regulations of various descriptions. It is expected that these methods will be put into force from this year. Eastern Neve Ageny.
The Stewards of the Shanghai Bace Club have made a gift of 210,000 to the Shanghai War Memorial Fund. This sum
accounts, as presented, be adopted and I now propose that the report and that we deal with the balance at credit of profit and loss as follows:-
To pay a Final Dividend
of $3 per share
To place to Reserve Fund. To place to riserve for
$1,200,000.00
25,000.00
New. Plant at Hok Un.. 250,000.00 To Borns to Stud
36,000,00
100,817.80
$1,610,617.80
To carry forward to erodit. of next year's account...
ELECTIONS.
The Rev. Father ROBEET seconded, and the report and accounts were adopted
Mr. G. P. LAMMERT proposed that Mr. confirmed and that Sir Paul Chater and
The
a building construction that And might be staying with us here for carried out in the vicinity. for an alternative supply. hoping to be able to arrange before long in fact, 'twas more than whispered that HONGKONG'S REPUTATION AS A CHEAP FORTAS two whole days and, therefore, we must
his stay would be so long Now, gentlement your general man make him like Hongkong. suggestion of increased costs, to making How to do this was considered by the agers are very averse, at the very first any substantial increase in the charge for taipuns great and small, duty to perform towards its shire. But this alone was not enough" We'll water supplied to constituents. undertaking such as this has a double And the first thing that was settled wa
Ап
holders and towards its customara."
the giving of a ball;" satisfaction of the former is in a mea
decorate the Isle sure dependent on the satisfaction of the They said, " and welcome give the Prince letter We desire, above all, to give good
in Oriental style. service. As a local Company, we are also jealous of the good name the port of Hongkong bas always enjoyed as ́s port, attracting trade and custom which might otherwise be diverted to other ports, and we want to do what we can to help uphold this repatation. During the war, whilst labouring under many Whose feelings must be thought of first- difficulties and in spite of reduced earn ings, we refrained from increasing our
of course, we can't do lesa.**
cheap
37
Though some folk who reside here are of
European Birth
Their numbers are exceeding small, and
few of them are worth One-tenth of that which those of Aniatio
stock, possess
like to be able to ampro our customers, oldest days, prices, and at the present time. I wouldFar Eastern decorations, from the very
have our consideration along with our ple's wondering gaze. with your approval, that their interests Aro meant to look imposing to the peo
I now.big
represents the proceeds derived from the Bell Irving's appointment as Director be owns to propose that the report This can only be effected by bright colours
Mr Robert Shewan be re-elected and nocounts as circulated be adapted Directora.
Mr. J. OWEN Humen seconded the
finest site
New Year Races. This brings tho. total in hand for the Memorial up to $54,000 The progress of the work has been delayed by
being flown and put matters outside, the actual construction,
And gorgeous-looking structares which bur these have now been satisfactorily resolution was carried.
Mr. FRED ELLIS seconded, and the adoption of the report. He said he had shall seem to be of stone arranged and preparations for the inal
bad listened with great interest to the stages of the work are now being made. and Messrs Lowe, Bingham & Matthews, cost of water and he believed he was. Should be denuded of ita dhrubs in order The auditors, Messrs. Linstead & Davis Chairman's remarks as to the increased And so it was decided that the island's In order to improve the site originally were re-elected on the proposition of Mr voicing the feelings of the shareholders chosen, a site which will make of the A. STEVENSON, seconded by Mr. Tse Teas generally when he said that the. Con that there might memorial a link between the French and TALEN International Settlements, plans have been
sulting Committee's policy of studying, This concluded the business and the agreed upon for improving the Bund line shareholders withdrow, to collees their andoubtedly sound. The policy of con- above all, good service to customers was at the end of. Avenue Edward VII.
dividend warrants,
serving their resources to meet any special calls also soun
ترف
Be built a marblous structure, which
would cause the Prince to say Howwealthy must these people be who
greet me here today.
AS BIRTHDAY SERENADE
UN PUI D'AMOUR
THE POLICEMAN'S HOLIDAY
JUST PUSHING ROUND
ANDERSONS'
(Opposite City Hall)
Powell
TELEPHONE. 3146,
SALE
BEFORE STOCKTAKING
FURNISHING DEPT.
MONDAY 13th to SATU2D (7 18th, GENUINE REDUCTIONS
ON
EVERYTHING IN THE DEPART MENT
AND
VERY SPECIAL CLEARING PRICES FOR ODDMENTS & REMNANTS