Page
SPECIFY
וי
S. K. F.
BALL BEARINGS
ON ALL MACHINES YOU ORDER.
Wcan apply Bearings for all kinds of Machines,
POWER SAVING. NO HOT BEARINGS.
SELF ALIGNING
REQUIRE LESS ATTENTION.
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD`
Tel. Contral 230:
SOLE AGENTS FOR HONGKONG..
Address: 2, Queen's Buildings.
GOLD CREAM AND FACE CREAM
Daggett & Ramsall's perfect Cold Cream
Font's Cold Cream
Parks, Daris Cold Cream
Purola Cold Cream (Theatrical)
Houbigant's En Raate Face Cream
Hind's Honey & Almond Cream
Legrand's Secret Jolly & Roses Juvenile
Pond's Vanishing Cream
Yardley's Face Cream
Van-Yusa Toilet Cream
Stearn's Peroxide Cream
Stillmaz'a Freckle Cream &
Crome Simon
THE
THE CHINA DISPENSARY
de, QUEENS ROAD C.
EAST OF CENTRAL MARKET.
JUST RECEIVED
A GREAT ASSORTMENT OF
EAR-RINGS, PEEING BLUE BEADS, MANILA HATS,
SILK LANTERNS AND LAMP SHADES.
THE SWATOW LACE CO.,
Manufacturers and Exporters
OF
LACÉS, DRAWN - WORK AND
EMBROIDERIES.
To think of
174. Queen's Road Central.
SEA-GRASS and RATTAN FURNITURE
that will give you the Utmost SATISFACTION in every point of EXCELLENCE is
to think of
'DO BE CHAIRFUL" COMPANY
51, Queen's Road Central
Makers of Furniture, the QUATITY of which has long been accepted by knowing Furnituro-buyers as the STANDARD OF MERIT.
YE OLDE PRINTERIE, LTD. PRINTERS, IBOOKBINDERS, ETC.
14 QUEEN'S ROAD" CENTRAL (Next Door to Lagazus),
Y. C. LABRUM, Managing Director.
YOU'LL NEVER FORGET.
MBS. WALLACE REID
IN
“HUMAN WRECKAGE.”
The CITROEN.
The Last Word in Car-Economy
RUNNING COSTS LOWER.
Loss.Tyres"
LeBe Oil
Winner 2 years running 1920-11-11., Grand Prix for Low Consumption.
Cars for Sale:
LEPACK CO., LTD.
„50-52, Queen's Rd. C.
HONGKONG DAILY PRESS, FRIDAY, FEBRUARY 8TH, 1924.
COMPANY MEETING.
GREEN ISLAND CEMENT COMPANY.
FOUR DIRECTORS RESIGN.
SHAREHOLDERS DEMAND A LARGER VOICE
IN APPATRA.
There were startling developments at an extraordinary general meeting of the shareholders of the Green Island Cement Company. beld yesterday morning at the offices of the General Managers of the Company (Messrs. Shewan, Tomes and. Company). The meeting resulted in four out of the five Directors of the Board. tendering their rosignations. These were:-Sir Paul Chater, C.M.G., the Hon. Mr A. O. Lang. Mr. D. G. M. Bernard, and the Rev. Father Robert. The only member of the Board who did not resign was the Chairman of the Company (Mr. R. G. Shewan).
HONGKONG SHARE MARKET
CLOSING QUOTATIONS
February 7zx, 1984,
Hongkong and Shanghai
..$1,150 R ...$230 b.
Dirt
ia Solution
Banks
Union Insurances
Douglas Steamship..... ..$67 b.
*Star Ferrice man China Sugars *****
Wharves
Wharvos
Hongkong Lands Cotton
Ewo Camente
Hongkong Ropes Chin Providenta
Far... Dairy Waterboats Hongkong Electrics China Lights
Mongkong Tramu -
Bas b
$137 b
The: 180 h." #114 b.
.Tim. 19 b.
* Transports · 94/8 b. E-buyers; señters; sa-salss
There are indications of a recovery of prea- are over the continent
WEATHER REPORT. Fabroary 7th at 17.50-Pressure bas in- creased moderately at Shanghai, and slightly The meeting was called in pursuance of over Formosa and S.E. China; it has decreas a requisition made by 30 of the shared lightly elsewhere. The depression kas holders, representing 123,079 shares out o; another is shown to the west of Hai- probably moved eastward in to the Yellow Bo of the total of 100,000 shares. The re-
phong, quisitioners put forward resolutions that the capital of the Company be increased from $3,000,000 to $6,000,000 by the crea tion of 400,000 additional shares, and that the number of directors be increased from five to seven. For this latter resolution the names of Mr., C. A..da Roza and Mr. Li Tse Fong were proposed as the two additional members of the Board. The four members of the Board were opposed to the resolutions which, as Mr. Bernard Hongkong to Gap Bock E. or variable winde, described it, were tantamount to a vote of no confidence in the Board.
Hongkong rainfall for the 34 bears ending a 18 hours, 7th February, 1.38 inch. Total non January 1st, 101 inches, against an average of 191 | mahes
The forecast for the 24 hours ending að 18 hours, Fab, 8th la ma followes-
DISTRICT
FORECAST
moderate; cloudy,
frg or mist
do.
South coast of China between)
Hongkong and Lamock
Mr. R. G. Shewan presided and there Formosa Channel were also present: Sir Paul Chater, C.M. G. the Hon. Mr. A. O. Lang, Mr. D.G. M. Bernard, the Rev. Father Robert (Directors). Mr. R. F. Mattingley (of Messrs. Deacon, Harston and Shenton, the Company's solicitors), Alr. Allan Keith (Secretary) and the following shareholders:-Messrs. W. Logan, J. P. Braga, W. Adamson. E. J. Figueiredo, F. P. de V. Soares, D. M. Goodall, J. M. ok
South coast of Chilns between
Hongkong and Hainan
do.
da
Sives, J. T. Bagram, L. Tobias, J. WC. E. WARREN CO., LTD.
hew, O. Kitchell, J. Barradas, Lau Lim, Yip Yung Pak. Choy Su: Won, Woo Fong, T. M. da Silva, W. T. Shewan, Ho Shai Cho, J. H. Ruttonjee, D. el, Arculli, Chan Yat Fung, Chau Tung Shang, D. W. Manton, Li Ping Shan, B. Basto, C. A. da Roza, Fred Ellis, F. M. Ellis, E. M. Raymond, W. van Epa, A. A. Alves, P. Tester, A. H Carroll, H. H. Tayler. Tse Tsan Tai. Tsang Foo, A. V. Apcar, A. W. da Roza, W. Allan, Li Tse Fong, F. M. L Soares, Tong Hok. Ting, Tsaa Foo, J. M. da Rocha, A. A. Cordeiro, I. S Perry, M. A. Figueiredo, S. A. Lopes.
Shialde and Miss Pereira.
A.
THE REASON FOR THE MEETING,
The SECRETARY, having read the notice convening the meeting, the CHAMAN said: This meeting has been called in response to a letter signed by 30 share- holders, representing 123,078 shares, which the Secretary will now read to you.
The letter was read and the Chun-
MAN continued:-The question of moving the factory from "Hok Un has been before the Directors for some time, and the suggestion which comes from shareholders that the capital of the Company should be increased was speci-. ally discussed at a Directors' meeting held on the 10th January last, this meet- ing being called for that special purpose at the request of certain shareholders. The decision arrived at was, as you know, communicated to the public the day. It was "That the Board of Direc tors was not yet prepared, or in a posi tion to say at present, whether more capital was required or not." The re- solutions before you embody all the wishes of the shareholders who signed the letter of the 11th January, and it is now for you to say whether they shall be accepted or rejected.
Same
SPEECH BY MR. DA ROZA... Mr. C. A. Da Roza said: Mr. Chair- man-Early last month a representative group of shareholders asked you to place Before the Board of Directors a proposal for an increase in the Company's capital in order to provide funda for the purpose of erecting a new factory on another which we understood, by an arrangement with, the Government, was imminent. You informed us, Mr. Chairman, that the proposal had been duly submitted, and Inter an announcement appeared in some of the local papers giving really no deci sion in the matter. As far as I remem ber, the announcement stated that the Directors had not decided whether or not to issue new capital-tho position was left in doubt, and it is for the purpose of clearing it, and of assisting the Board into a decision; that this meeting was requisitioned for.
I think we are all agreed that the present factory at Hok Un has got to be moved; we have no choice in the matter becausó of the development scheme of the Gov- ernment, and we are really extremely fortubate that the growth in Kowloon in recent years has so increased the value Lof the land on which the factory now stands that we can afford, if need be, to scrap all our other fixed assets at Hok Ua Apart, therefore, from Govern- ment pressure, and viewing the propeți- tion entirely from our own angle, it will be folly economically to resist the change further. But to avoid any possible mis- apprehension on the part of shareholdera of a conservative frame of mind, I should like to mention some figures, I have nothing later than the 'balance sheet of 31st December, 1922, to refer to, but from that statement which should not be dif ferent to the present position to any great extent, the only fixed assets which will have to be scrapped are the buildings and machinery valued at $419,000, against which there was a reserve for new plant of six lakhs of dollars, so that the sacri-
fice we are making has already been pro- vided for out of past profita.
(Continued on page 4.)
SANITARY ENGINEERS, MONUMENTALISTS, &o.
OFFICES & GODOWNS.
)98A, Wanchai Road,
TEL No. 289.) HONGKONG."
ALL KINDS OF BUILDERS' REQUISITES IN STOCK, -Soil, Vezt and Rain Water Pipes. Floor Bath and Wall Tiles, Baths, Banna. Coal Fuel Alae & Fow Chip Hestore. Fittings. Waterheaters for Gas, Oil or
OPEN AND CLOSxd Grazes. Cooking
RANGES,
ESTIMATES Fans ros ALL Sanitart
INSTALLATIONS, HOT WATTE SYSTEMS, &c.
GENERAL REPAIRS PROMPTLT ATTENDED TO,
Specialists in Monumental Work-Cut in Italian Marble or Hongkong Granite.
UsT RÉCEIVED: A SHIPMENT OF ITALIAN
MARBLE FLOOR TILES. Prices on Application
1 ARTIFICIAL WEBAZES--FRow 8" to 18" DIAMETER IN STOCK.
[1458
CO..
BOWERN &,
No 8, MULUI BOAD, SHANGHAL
Members British Chamber of Commerce (Shanghai). Mr. T. W. BOWERN, Fellow of the Institute of Chartered Shipbrokers, Insor. porated by Royal Charter, London.
J
STEAMSHIP AGENT. AND SHLYBLOKKAA. For the Purchase, Sale and Charter of Vossele of any Tonnage, Passenger and/or Cargo, New. and/or Old, with delivery China at Very Low Prices.
SALVAGE OPERATORE, Maxine SURVEYORS AVUZIONIKES, COAL MERCHANTS. FEXIGHT BROTxes, Mazal MERCHANTS. Machinery For Sale, New and Old in First Claas Condition.
romans AwD EXPORTERS, SKAFE-BROKKEN Members Shanghai Share Brokers Associa tien).
SOLS AGENTS FOR CHINA GREEN'S FAZENT ARCHDEE. BANUEL WARRks & Co, Ian. (Shafield), High Class Steel Manufacturers (Tank Brand)
·Catalogues and Price-Lists on application
(Enquire Welocm.ed
CABLE ADDRESA: BOWEEN, Shanghai.
CODES: Bentley's, Boott's, A.B.O.
5th Edition and Improved.
Betracted from Suu- posedly Cleaned Garments."
DO NOT TRY
TO REMOVE DIRT, STAINS,
ETC., WITH
A BRUSH.
You Don't Clean Soiled Handkerchiefs with a Clothes Brush.
OUR DEYCLEANING PROCESS WILL" ENSURE YOUR CLOTHING BEING FREE FROM GERM, DUST AND OTHER DANGEROUS MATTEE, WHICH WINTER GARMENTS GATHER WHEN WORN.
EVERY ARTICLE. THOROUGHLY STERILIZED WITH LIVE STEAM WHILE BEING PRESSED.
SATISFACTION ASSURED."
LAUNDRY
STEAM
HEAD OFFICE and WORKS: YAUMATI, Tal. K 89. HONGKONG DEPOT: 16, Stanley Street, Tel C 1879.
62, Prays East. KOWLOON DEPOT: 19, Canton Road, CANTON: 19, Sharki Central, East. KOWLOON HOTEL DEPOT.
MÄTSUMURA,
5. Arsenal Street, Hongkong. DEALER IN
GENUINE
ART CURIOS
Axelent and Modern
Successor to Nikko
Write or Phone or complete PRICE LIST.
Artistic Gold, Silver, Bronse, Damascene, & Lacquer Wares, Satauma Porcelain, China Ten Eervices, Embroideries, Silk Lampshades, etc.
GREAT REDUCTION SALE
* ALL KINDS OF LADIES' FANCY GOODS
including Swatow Drawn Work, Canton Embroidery, Hand-made Laces, Ivory-ware, Beaded Works, etc., etc.
DON'T MISS THIS OPPORTUNITY.
CHINA DRAWN WORK CO.
(YUEN CHEONG),
40, Queen's Road Central
PIANOS FOR SALE OR HIRE.
TSANG FOOK PIANO CO.,
TEL. 2127.
S4, Wanowa Boan.
PERFUMERY
Manufactured by
RIGAUD, PARISĄ
"AIRE EMBALSAMADO "MARY GARDEN' "HORA CARIÑOSAL "DULCE, MIA”.
"LILAS DE RIGÀUD'
Obtainable frome
VICENTE ATIENZA,
18, Nathan Rd.,, Kowloon.
Telephone K.188,
MICHELIN TYRES
Cheapest in Long Run.