Page
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tek Central 238.
SOLÉ AGENTS FOR
2, Queen's Buildings.
BELL'S UNITED ASBESTOS CO. LTD..
**
MANUFACTURERS OF
Victor Metallic," "Dagger,” "Quadruple" and
"Reefer" Packings.
Bell's Asbestos Compositious.
"Salamander” Engine & Cylinder Oils
Salamanderite Jointing."
RADIO:
“TUNE IN” with a RAY-OVAC "B" Battery using at the same time a RAY-OVAC "A" Dry Cell Battery for your Filaments. See how clearly the signals will come in..
The National Radio Engineering Company of Atlanta, Georgia, covering an investigation made by them in the interest of Railway Electrical Engineers, report that:-
The Battery is the most important part of the radio apparatus, and many causes of trouble in: instruments are often We have found only one maks caused by poor batteries.
of Battery that is so constructed that satisfactory service can be ́obtained on heavy duty such as work of the class we are undertaking. The EAY.0.VAC" Batteries have stood all the tests and have proven their constraction and material by actual use.
They have proved ABSOLUTELY SATISFACTORY IN EVERY WAY."
Telephone K711,
These Batteries are now obtainable from:-
DE SOUSA & CO, LTD.,
2ND FLOOR, ST. GEOROR'S BUILDING,
TEL NO-CENTRAL 1964 -
BICYCLES
LADIES', GENTLemen's or TanDEM FOR HIRE OR SALE. Boys' and Girls' Bicycles Just Arrived.
HANG LEE CYCLE CO.,
19, HAGONG BOAD, KOWLOON.
Next to PALACE HOTEL.
Telephone K711.
THE AMERICAN EXPRESS CO., INC. announces.
the
REMOVAL of their Offices effective FEBRUARY 28TH 1924, to No. 4A, DES VEUX ROAD CENTRAL (NEW HONGKONG AND SHANGĦAL BANK BUILDING),
"Manager...
TELEPHONES :
...C. 4624 Compradore ...0.1814 General Office...C. 2089 Travel Department...C. 4625
PIANOS FOR SALE OR HIRE.
TSANG FOOK PIANO CO.,
94a, Waxuraz Boad.
TEL. 2127.
[417
To EUROPE via USA.
Fuckers can be bought in all the large cities in AST route, new ships, excellent food. Through the Orient at special rates. Choice of American railroads. Thence the famous U. S. Lines ships from New York to Plymouth, Southampton, Cher- bourg or Bremen.
For information write today tor UNITED STATES LINES
Aptitu
ADMIRAL ORIENTAL LINE
Dew Toux Boad Hongkong,
PACIFIC MAIL STEAMSHIP COMPANY
Queens Buliding, Hongkong. Aprices in Principal Cities
Managing Operators for U. S. SHIPPING BOARD
THE HONGKONG DAILY PRESS, TUESDAY, MARCH 4TH, 1924.
COMPANY MEETING. THE HONGKONG ELECTRIC CO.,
LIMITED.
2
Messrs. Linstead and Davies were elected auditors (vice Mr. C. Bernard Brown) for the ensuing year, at a re muneration of $1,000, on the proposal of Mr. T. E. PRARCE, seconded by Mt. F. M. ELLIS
To closing the meeting the CHAIRMAN announced that Dividend Warrants would be ready today (Tuesday).
CLOSING QUOTATIONS
The thirty-fifth ordinary yearly meet- ing of the shareholders was held at the Company's offices, St. George's Building, yesterday morning. The Hon. Mr. A. O.. Lang (Chairman of directors) presided, HONGKONG SHARE MARKET and was supported by Mr. D. G. M. Bernard, Hon. Sir G. P. Chater, C.M.G. and Mr. J. P., Warren (directors), and Share- Mr. F. R. Marsh (manager). holders were represented by Messrs. W G. Joseph, Chau Tsua Ni, L. J. Davies, L. E. Ozorio, F. MI. Ellis, T. E. Pearce, "J. T. Bagram. A. A. Alves, Leung Fattin, A. H. N. Da Silva, and Li Tse Fong.
The CHAIRMAN, in proposing the adop tion of the report and statement of ac- counts for the tee months ended Decem-] ber 31st, 1925, said :---
In accordance with the arrangements approved at the last general meeting we have altered the date of closing our Gnancial year to December 31st, and the Report and Accounts now submitted deali only with the last ten months of 1527.
of
The sett profit for the ten months after making due allowance for depreciation is
・the srith 8743,181.33. and $130.179.51 brought forward from last account, we have $973,361.14 for appro priation. With this we propose :-
To pay a dividend of $1.23
per share an. 200,681 shares
To place to rekerve
To carry forward to next
sccount
.8374,603.75
330.000.00
348,737.39
The dividend is at the rate of 13 per cont. per sanam, similar to that for last year.
The amounts set naide for Reserve and earried forward to the next account are greater than usual. but. in view of our heavy capital expenditure in the past, and contemplated expenditure on Der works in the rear future," we consider. this prudent, and I trust this proposed allotment of the profts meets with your approved. Our business continues to ex- pand at a satisfactory rate. During the tea months 1,500 new consumers were con nected to our supply, and the sales of current umounted to sixteen million units, equal to the output for the pre- vious twelve months. The greatest in- crease in demand has taken place in the West Point area, and in this district we have purchased a site for the purpose) of erecting a sub-station during the pre- sent year.
Good progress has been made with the change of voltage on which we have ex- peaded $173.253.33 during the ten months
Hongkong and Shanghai
.Banks
March 30, 1994.
..$1,140 b. $710 b
Canton Insurances Union Insurances . .****
Star Ferrlos Langkats (Combined) Kowloon Wharves
Docks Docks........ Wharves
Hongkong Landa ......
Hongkong Hotels
Humphreya Estates a Ewa Cotton****rer, ver Comenta
Hongkong Roper
1940 b. & 4. #74 d.
The 331 b.
.$108 8. ** $160
Tu. B4 b.
Tis. 195 b
1364 b. cum all
$68 . cum all
Send
for Complete Price Fist
"JUST AS PRETTY AS WHEN TWAS
NEW!!!
IF YOUR GOWNS OR
27
FROCKS CANNOT BE
WASHED,
WHY NOT HAVE THEM DRY- CLEANED.
AY WE SERVE YOU?
LAUNDRY
HEAD OFFICE and WORKS, YAUMATI. Tel. X 32 HONGKONG DEPOT: 16, Stanley Street, Tel. 0.1379.
*, Frays East.
KOWLOON DEPOT: 19, Canton Bood.
CANTON, 18, Bharki Central, Fast. KOWLOON HOTEL DEPOT.
$116 b
b. cum all.
19:40 b.
h
DRY-
CLEANERS
STEA M
Dairy Farms....................5247 d., 25 ea. Watsona, ONE
a
Bangkong Electrics .......$364 b., 36 sa China Lights...
$18) b cum all.
5.imbuyers; —sellers; sa—salas
Hongkook Tru
THE
DARLING
OF
NEW
YORK
IS
COMENG
During that period some 10.000 instal-C. E. WARREN CO., LTD
lations were changed over, and we believe the end of this work is now in sight.
You will notice that à sum of $623,000,
year.
·SANITARY ENGINEERS.
MONUMENTALISTS, &o,
OFFICES)98A, Wanchai Road, GODOWNS.
HONGKONG.
the proft on the sale of our old Wauchai Property, has been placed to a Special Reserve. This money has been set aside for the scheme of bousing our staff and workmen approved at the meeting last Ta No. 389.
We have at present some
OF BUILDERS' ALL KINDS. employés not counting unskilled labour
REQUISITES IN STOCK.. employed by contract, and the housing of
Soil, Vent and Rain Water Pipes. Floor these is in our opinion desirable.
Bath block of workmen's quarters is nearing and Wall Tiles, Batha, Basins. completion at North Point, and if found Fittings. Waterheaters for Gas, Oil or satisfactory a second block will be erected Coal Fuel Also A Few Chip Hesters. on the same site. Negotiations for tho
OPEN AND CLOSED GRATES. COEING purchase of a site for European Quarters
RANGES. have been in progress for some time, and we hope in the near future to be in a position to commence building.
The demand for electricity still shows signs of growing at a steady rate. Our generating plant at North Point has now a total capacity of 15,000 kilowatts, and to provide for future requirements we consider it will be necessary to install further generating plant in 1976. or per baps earlier. All the available space in. the buildings at North Point is taken up by the existing machinery and further extensions will necessitate a new build- ing: We are at the present moment pre- paring plans for this extension of our plant up to 28,000 kilowatts and hope to start work on a new building in the early, part of next year. Fresh capital will be required to finance these extensions and we prepose to obtain powers during the next twelve months to increase our capital to ten million dollars, a portion of which will be issued in the early part of 1925.
There were no questions.
Mr. W. E. JOSEPH, in seconding the proposal, said:-
I should like to congratulate the Directors on the very satisfactiry figures presented, especially in view of the fact that the period under review is shorter, by two monthy than that of last year. The appropriation of 3 lacs to Reserva Account, I Feel sure, will be considered a wise continuation of a policy which the Company has followed in the past and which makes for soundness and stability. It is particularly pleasing to see the increased number of consumers and there is every reason to believe that this increase is likely to continue in the future, especially, since the Colony is so rapidly. I trust that the
expand in progress for the purchase
of a suitable site for European quarters will come to a successful issue, as there is no doubt that the provision of such quarters will be most beneficial to all concerned. The continued increase in the demand for current would appear to justify the proposed extension of the plant up to 28,000 kilowatts. In odia- sion. I think I speak for all the share- holders when I say that the excellent. figures placed before us are in no small messure due to the untiring efforts of the Directors, the Manager, the Staff and the Company's Agents.
On the, proposal of CHAU TSUx" Ni, seconded by Mr. G. MURRAY, the ap- pointment of Mr. J. P. Warren, to the seat on the Board vacated by Mr. T. G. Weall on leaving the Colony was con- firmed.
The Hon. Sir C. P. Chator and Sir Robert Ho Tung (retiring directors) were re-elected to the Board on the proposal of Mr. LEUNG TAX Po, seconded by Mr. [L. J. Davies.
ESTIMATES FREE FOR ALL SANITARY
INSTALLATIONS, HOT WATER
SYSTEMS, &c.
GENERAL REPAIRS PROMPTLY ATTENDED TO. Specialists in Monumental Work-Cut in Italian Marble or Hongkong Granite.
JUST RECEIVED: A SHIPMENT OR ITALIAN MARELI FLOOR TILES. Prices on Application. ARTIFICIAL WREATHS FROM 8" to 18"* DIAMETER IN STOCK.
[1458.
THE NEW FRENCH KANADY THERAPION No. 1 THERAPION No. 2 THERAPION No. 3
No, 1 or Bladder Catarrb." No. for Blood à Bida
· Disense No. E der Chronio Wankzamena, BOLD IT LEADERS ON INERTA, PRESE IN IRLAND, 31. DE: LaČerno HI. 2., Bareslock B, X.WS London, s POLAZE KAKKED WOLS “TERILIZOK
BOTY STAN ÁTALKED TO BRDON PACKER.
Write or Phone
for PRICE-LIST.
MATSUMURA.
6, Arsenal Street, Hongkong.
DEALER IN
GENUINE
ART CURIOS
Ansient and Modern Successor to Nikko
Artistic Gold, (Silver, Bronze, Damascens, & Lacquer Wares, datsuma Porcelain, China. Tea Bervices, Embroideries, Silk Lampshades, etc.
GREAT REDUCTION SALE
"ALL"KINDS OF LADIES' FANCY GOODS
including Swatow Drawn Work, Canton Embroidery, Hand-made Lace Ivory-ware, Beaded Warka, eta, oto.
DON'T MISS THIS OPPORTUNITY.
CHINA DRAWN WORK CO.
To think of
(YUEN CHEONG)
40, Queen's Road Centra
SEA-GRASS and BATTAN
FURNITURE
that will give you the Utmost BATISFACTION" in every point of EXCELLENCE is
'to think of
'DO BE CHAIRFUL" COMPANY
51, Queen's Road Central
Makers of Furniture, the QUALITY of which has long been accepted by knowing Furniture-buyers as the STANDARD OF MERIT.
S. O. A. E, O.
THE FAR EAST OXYGEN AND ACETYLENE CO., LTD.
DIALEES and MANUFACTURERB of Oxygen, Aostylone, Carbonic Acid, Ammoniac, ánhydrous sulpurona gasas, Carbide of Calotum, Motor Cycle soetylene tanks, and all necessary equipment for low and high pressure antogenous welding.
Autogenous welding of all metal" by Ozy-Acetylenie and
Electric proceRBON,
Boiler "Repairs a speciality.
Apply Na, 20, Bos Vaux Road Central, 2nd Floor. Tel. Central Ha, 2844.
Prompt reflling at zinderata prices of all kinds of Motor
Uyole sestylane tanks,