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CONSTITUTIONAL REFORM
ASSOCIATION.
ANNUAL MEETING.
The annual meeting of the Constitu- tional Reformi Association was held at the City Hall yesterday afternoon.
THE HONGKONG DAILY PREES, SATURDAY, ** qirx, 1928.
COMPANY MEETING.
GREEN ISLAND CEMENT CO., LTD.
INTERESTINO QUESTIONS BY A SHARKKOLDER.
Mr. W. T. Shewan interrogated the Chairman in regard to several questions. The thirty-fourth annual meeting of Question and answer are given below:- shareholders of the Green Island Coment Mr. W. T. Shewan:Can you tell me Co., Ltd., was held at St. George's Build- anything about lime-stones i
Are you ings, yesterday morning. Mr. R. G. getting than in any larger quantities 1 Shewan presided and there were also The Chairman: Certainly not in larger present: The Hon. Sir Paul Chater, quantities, owing to the trouble in Kwang CM.G., Messrs. D. G. M. Beraard, A. Otung" Ling and the Rev. Father Robert (Direc
:
Will that make saving 1-Oh, yes, we hope to make a saving if we can work this 'quarry in the New Territory. We have got some samples and they are very promising.
Mr. C. G. Alabaster, K.O... O.B. E., (President) took, the chair, and others present included the Hon. Mr. H. E. Pollock, K.C., Dr. Balean, Mesara A. R.
Have you any other sources of supply i Lowe, H. A. Cartwright, L. M. Whyte, tors) Mr. A. Keith (Secretary), and-We hope to get some in the New J. P. Braga, W. W. Jackson, H. W. the following Shareholders; Messrs. W. Territories, but we have not got them -Numington, R. Stock (hon. secretary) and J. Stokes, W. J. Hawker, C. H. Lyson, A.
yet. T. A Murtin (ton. treasurer).
Stevenson, Tse Tsan Tai, W. T. Shewan, Mr. Stock read the Committee's reMS. Northcote, W. J. Carroll, A. A. port, which stated that since the last Cordeiro, H. Smythe, F. P. de V. Soares, aamat general meeting, held on April | Poon Ngai Cho, Yu Chung She, M. A il, 1922, the only occurrence has been Figueiredo, A. S. Ellis, P. M. N. de Silva, the return of the petition by Colonel M A. Razack, O. Kitchell and J. M. Ward oying to its non-compliance with Alves. the official orders relating to petitions. addressed to the House of Commons. The pelition was re-arranged in order to omply with those orders and was return- to Colonel Ward in May. Owing to 'the dissolution of Parliament, the re-pre »mutation of the petition to the House of C'ommons has been delayed until February of this year.
2
Mr. L. M. Whyte joined the Cominittee during the year.
The membership of the Association now stands at 256.
Nothing very definite yet, then-Well, it is definite.
The CHAIRMAN said:-Gentlemen,--With
Will it make you independent of your permission, as the report and a Canton should not like to say "in coats have been in your hands for somy dependent,' but 2. will be a great help days, I will take them as read.
In my remarks last year, I said we were beginning to feel the competition of cheap brands of European cement, and we had to contend with this competition through out the year. Prices have been lower in consequence, so that we have not been able to repeat the record profits made in result, however," I trust you 1021. The will consider satisfactory under all the The report was approved by the meet circumstances. The vett profit, including ing
the sum of $100,617.50 brought forward from last year amounts to $1,017,750.58, out of which we have already paid an interim dividend of $200,000, learing balance to the credit of profit and loss account of 8517,798, 58, which we recom- mend be dealt with as follows:- To pay a final dividend of
$1.50 per share To place to reserve for agw.
plant"...
The Chairman, in prescating the accounts, said that a balance of 203 was The rought forward from last year. "Association had incurred considerable expense inadvertising and printing in connection with the petition, with the result that, although there was a cash balance in hand of $30.11, the sum of $185.14 was still owing. He therefore hope that members would send in their subscriptions to the Treasurer without delay
A
"
2
·
H
To write off buildings and machinery at our Macao Works, an additional
To donate to War Memorial
Hospital
To bonus to staff
To carry forward to credit of
next year's account
$600,000.00
50,000.00
to 15.
With regard to coal consumption, are you making day economy in that-You will see that there will be a great economy with these new kilns.
Regarding the coal you use, is there not some talk about using coal dust 1-Unless we get these new kilns we know of no other economy, but the new kilos will use a cheaper coal.
REGARDING INVESTMENTS.
What about the land you have got at Hok Un? I see that stands on the books at $100,000. Was that its cost price No, it was written up some years ago."
Can you give me any idea of the market value of the land 1-No better than
you can yourself,
What is its approximate value-1-1 should think about 82.50 or 83 per foot. And it stands in the books at 31
Yes
"
ho
SPORT.
FOOTBALL,
TO-DAY'S MATCHES.
CHALLENGE SHIELD REPLAY,
(Kick off, 4.15. p.m.). King's Bogt
South Bookanpoo “A” ground. Bafèrce,
Mr. Smith.
HONGKONG LEAGUE. Division 1.
China,
DI
(Kick off, 4.13 p.m.) HALS. Ambrose Hongkong Club, H. K. Club ground. Referee, Me. Collins. H.M.S. Titania v.. Hongkong Police," Navy "A" ground. Reforce, Mr.. Wright. R.G.A. . H.M.S. Taniar, St. Joseph's ground. Referee, Mr. Dunnett, Kowloon . H.M.S. Durban, Kowloon, ground. Reforce, Mr. Perryman,
Division II.
Kick off, 2.45 pm) H.M.S. Durban. University, Navy
"A" ground, Referee, Mr. Cook. St. Joseph's v. United A.C. St. Joseph's! ground. Referee, Mr. Blumson, King's Regt. South China "B," Sookumpoo ground. Referee, Mr. Spencer.
H.M.S. Ambrose e. B.G.A., Navy "S" ground. Referee, Mr. Davies." South Chica "A". Fleet Auxiliaries., South Chins ground. Referee, Mr. Fairburn,
+
The match of the week end is un-
doubtedly the replay in the second round of the Challenge Shield on the Garrison ground at Sookunpoo between the King's. and South China. The military team ara leaving nothing to ahance and are con- fident of entering the semi-final round. Should Lt. Jones be in shooting form, as was against Shanghai, the South China defence will find it very trying to keep it from getting too clos Should the inside forwards shoot accurately the core may be heary against South Chica, In the previous game the King's had much more of the play, but their inside for wards were badly -i-need-of-shooting Well that will still leave a large practice and Newton did the South China, amount -Yes, but we have been keeping team a"good turn when he put the ball that to send to Londen for the new kilna into his own goal. The game ended in a draw of one goal each after extra time! We may be wanting it at any time..
Don't you think it would be better if had been played. In the evout of the this money were invested in local stocks score being equal at the end of seventy I see several local companies lava made minutes' play, the teams will play extra
then be a draw the teams will probably! are proats from, local investment-Waton pinutes each way. Should the result
roplay in midweek. cannot gamble in local shares.
1 sec you have on fixed deposit about 50,000.00
14 lakhs. Is that not rather much to keep 5,000.00 on fixed deposit seeing it is only earning 14,182.00 five per cent -Well, six lakhs will go
away in dividend. 98,633.69
8917,788.58
The accounts were, daly adopted. The Chairman, intimating that the next. business of the meeting was to elect a new President, took the opportunity of thanking the Association for the honour they had done him in electing him! 'President for the past year. He had As regard the future I do not care to
·much pleasure in proposing that the Hon. prophesy, but exchange is in our favour and if it continues to fall, it will be of Mr. H. E. Pollock, founder of the good assistance to us in competing with Association, be the President for the brands from Home, ensning twelve months. Mr. Pollock had With regard to additional machinery, held the office twice previously and had we went very carefully into this matter and found at since the War, a new done a great deal of work for the cause.
type of kiln bad come juto vogue on the I see that the Macao property has been
The Kowloon and Durban teams play. Mr. L. M. Whyte seconded the motion, Continent, and we accordingly instructed written off another $50,000. I suppose and it was carried unanimously
our work's manager Mr. Arnott, when
to-day 1 the shield semi-final the Mr. Pollock expressed his appreciation
civilians had an unexpected, win by five of the honour. I may say," he added,
But I suppose it is below the cost of goals to a penalty scored by the Durban. that if it had not been for the some inenting with these new mechanical grate replacement Of course these works are it is unlikely that such a margin will
kilns. Fortunately for us, our present obsolete now.
separate the teams to-day at the close of what urgent representations of the comnimost obsolete Aalborg kilns can be
How about this dust plant?-I see there the match, for the sailors will be out to nittee of their desire that I should coo-transformed into these new kilns, and the sent to be re-elected as President I should result of the trial, we anticipate, will be has been some alteration in the system take their revenge for their crushing Last year you had a defent on the Club ground on New Year's of great benefit to this Company. The of accounts.
Now Day. A fast game is expected to end in not have been willing to stand. "How cost of erection will be comparatively special reserve of $150,000 for it. ever, it has been strongly represented to small as we can then utilize our present you have altered that and debited it from a division of points.
the cost of buildings and machinery.
at home, to look into this before we that is very much below the value of it their return league match at Kowloon decided to purchase a rotary kiln. The We cannot. sell' it. result is that he recommends our "experi-
น
But does that not seem rather confus-
Tamar,
The Titania will not be at full strength in their match to-day against the Police on Navy. "A" ground but they should turn out a team to beat the Police who, have yet to score their first win in league] football this season."
me by the committer that, as the petition Aalborg kilns instead of having to sarap what was the idea of altering that system The R.G.A. and Tamar play their is now waiting for an answer, it would them, and the working cost in beer instead of leaving it as it was? Because return game on St. Joseph's ground and
much less. Our technical advisers see
we have spent that, sum As a matter be in the best interests of the Association no great difficulty in transforming the fact it was the auditors who instructed a fast game should end in a win for the that I should serve as President. **Ho Aalborgs into mechanical grate kilns, added that this would be the last year favourable.. We shall only begin with two
and are sanguine that the results will be us to do it that way he would consent to take the "position, Aalborgs," but we have fourteen, all ing? It would have been better to have for he thought it a good plan to intro of which could be converted in time into left it as it was, don't you think?-I am duge new blood every year to direct the these new kilns, and so increase the not going to criticise the auditors.
output very considerably:- but to convert Castle Peak pzoperty-you have written That has not affairs of the Association. He was grate the whole fourteen would be a very large that down 19 por cent ful for. the support, he had always undertaking and it would probably be depreciated in value, I suppose 1-Not received from the Committee and the years before we could dispose of such an that I know of.
What is the idea of this Castle Peak members, and felt sure that support increased quantity of cement."
18. there any prospect of of course, property means.
·Increased output would be extended" to him again.. ̈(Ap-
more grinding and other machinery in transferring the factory to Castle Peak plause.)
proportion and a considerable expendi--No, not at all As Mr. Owen Hughes, last year's vice- ture of funds, but the whole expenditure
Or to any other place 7--No, the cost president, was Home on leave, Mr will show a very great saving on the cost would be enormous.
Well, what is the idea then of keeping Love
elected in his place.
In of the rotary kilns we had intended to
the Castle Penk We keep it in case of Forder. nominating "Mr. Love the Chairman
The dust collecting plant, owing to emergencies. We might want it as said he had always shown great interest circumstances beyond our control, has depot for stones.
Then I see you have investments at in public affairs, both in and out of cost us more than we anticipated (ie., -Council.
$150,000) but I am glad to say it has done bock value $65,000, and market value The Chairman informed the meeting minated the dust nuisance from the vestments are?-War Bonds.
what it was expected to do and has 207,000. Can you tell me what these in- that, owing to his business duties, M. rotary kilne entirely. There now only re Stock felt unable to continue to hold the mains the smoke, and this complaint, Secretaryship. Mr. H. W. Remington although we have already reduced the smoke very considerably by the use of was therefore elected to the vacancy.
mechanical stokers, will also be entirely. Mr T. A. "Martin re-elected removed as soon as we can instal electric power instead of steam. From "the mechanical grate kilns we are told there
*WIUS
Treasurer.
Буда
■.
The best game in the Junior league will be seen on the Sookunpoo ground where South China "B" will be out to displace the military team from the second posi tion in the league table. The locals are playing a strong game just now and a win to-day will make them favourites for the Junior division, They, have yet to play the leaders, H.M.S." Hawkins.
The United and St. Joseph's should play a close game and divide the points. The Durban Reserves will be out
Bonds. There is $10,000 in the Hongkong a win for the Students.
All War Bonds -No, not War and a well contorted game should end in against the University on the Navy "A"
Government Loan and the rest are
The Ambrose and South China "A" should win their games against the Any in local shares 1-No. Then I see that Sundry, Debtors are at B.C.A. and Auxiliaries respectively. 128,000. Last year it was only about $200,0001—It varies; it goes on all the time.
Bonds.
Mr. H. B. L. Dowbiggin. having exwill be no dust and the smoke will be It seems rather a large amount. Is it prossed a desire. fo retire from the Com-negligible.
Yes
ABSENT. FROM WORK
credit you have given Yes, in different
WITHOUT NOTICE. mittee owing to pressure of ether, engage Our Deep Water Bay works show a parts of the world. There are consign-
CABLE JOINERS SENT TO PRISON. ments his place was filled by Mr. D. V. small loss, I am sorry to say, owing to meats everywhere.
-What, shipments to different ports 1- Stevenson. The remainder of the comthe poor demand for pipes last year.
Eighteen of the twenty cable joinera mittee were reclected en blog, band Mr. Aa, however, there is a very great demand
Thank you, that is ell
formerly in the employ of the Chinese for ordinary building bricks, we have R. Stock was added to their number.
decided to put up a on for making these No further questions were asked and and Japanese Telephone and Electric The Committee for 1923, therefore, con bricks, as at present prices there should the adoption of the report and accounts Co., Ltd., appeared at the Magistracy,
was carried. Kula
yesterday morning, before Mr. J.: R siste of the following:-Dr. Balean, be a fair margin of profit
Turning to the accounts, you will notice On the motion of Mr H SHYTE, Wood, charged with absenting themselves Mesars. J. P. Braga, H. & Cartwright, that we give during last year a sum of seconded by Mr. A STEVENSON, the con- from their employers service without dun A G. Coppin, A. & D. Consiand, WA $1,000 to the Stow Helief Fund, and firmation of the election of the Hon. Sir notice: After hearing the evidence the Dowley, D. Harvey, Hon. Mr. P. Hin the allocation of profite for last year, Paul Chater, C.M., and Mr. D. G., M. Magistrate imposed a fine of $20 each
with the alternative of one month's im Holyoak Dr. Charles Forsyth, Measre you will see that we propose to donate a Bernard to the Board of Directors was We Jackson, F. A. Joseph, W. Sum of 16,000 as a contribution to the confirmed and the re-election of Mr. A prisonment. In the afternoon there men Pattenden, D. V. Stevenson, R. Stock War Memorial Hospital, which I trust O Lang and the Rev. Father L. Robert having failed to pay their fraes were
"will meet with your approval
was carried, unanimously...
sentenced to one month's imprisonment. and L. Whytes con
I now propose, that the report and ac On the proposition of Mr. W. J Two of the put forward the erense counts, as presented, be adopted, and HAWELE, seconded by Mr. MA that they had been dismissed by the when this has been acconded I shall be Fictio, Messts. Linstead & Davis manager, and a further, trial of, these pleased to answer, to the best of my and Messrs Lowe, Bingham & Matthews two was fixed for 11.30 o'clock this morn. ability, any questions that shareholders were re-elected as auditors for the enunggan
Mr., H. L. Dennys appeared on behalf may wish to put
ing year at a salary of $750 each..
This was all the business before the of the Company, and the defendanta meeting..
were unrepresented by solicitors."
On the proposition of Mr. Lowe) -seconded by the Hon. Mr. Pollock, a vote of thanks was returned to Mr. Alabaster for his services during the year and similar compliment was paid to the Hon Secretary (Mr. Stock) and to the Hon. Treasurer (Dr. Martin),
Mr. D. G. M. BERNARD seconded the adoption of the report and accounts.
WOLSEY NEXT
YOUR SKIN !
-WISE ADVICE AT ANY TIME, DOURLY WISE WITH THE SEASON OF COLDS AND CHILLS AND KINDRED IĊLS AWAITING YOU. IT WOULD STILL BE WISE ADVICE IF WOLSEY HAD NO MORE THAN ITS FURE WOOL TEXTURE TO COMMEND IT, FOR THAT OF ITSELF MAKES IT THE MOST
PROTECTIVE NEXT-THE-SKIN WEAR IN THE WORLD ADD TO THIS WOLSEY'S UNBEATABLE COMFORT, SERVICE, VALUE, THE OUTCOME OF TWO OR THREE GENERATIONS OF INDER- WEAR MAKING AND OF UNDIVIDED CONTROL OF MANU- FACTURE FROM FIRST TO LAST, AND THE WISDOM OF SPECIFYING WOLSEY BECOMES MORE OBVIOUS, STILL | NOT ONLY DOES WOLSEY NEXT YOUR SKIN PAY FOR ITSELF OVER AND OVER AGAIN IN THE DOCTORS BILLS IT SAVES,
BUT TO THAT VAST ARMY OF NOT-OVER-STRONG ITS VALUE
IS BEYOND ASSESSMENT.”
BUT BE SURE YOU GET THE GENUINE TRADE MARKED
WOLSEY.
AGENTS FOR HONGKONG.»
LANE, CRAWFORD, LTD.
LANE, CRAWFORD, LIMITED.
#EST. 1850..
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