Soft-dressed
THE HONGKONG DAILY PRESS, WLDN SDAY, MARCH 5mm, 1924.
Summit COLLARS
Shapes 66 and 96 (as illustrated). give the greatest comfort and are deservedly the most popular of all Soft Collar shapes.
Stocked in half sizes, 14 to '¡S¡ inches.
MADE BY AUStir Rsed, Ltd.. LONDON FOR
Mackintosh
CO., LTD.
MEN'S WEAR SPECIALISTS.
Alexandra Building,
Des Youx Ecad.
NOTICE
Summit
plain Shape 88 in cloth with or withous eyelet boles for safety pin.
Shape 96 same shape as 66 but made of a fine white Pique cloth with ayolet holes,
OF REMOVAL.
The Well-known Publishers, Booksellers,
and Stationers,
THE COMMERCIAL PRESS, LTD.
Have REMOVED to More Spacious Offices From HOLLYWOOD ROAD to
37, QUEEN'S ROAD CENTRAL, HONGKONG. Phone No. Central 1631.
56
CROCKET & JONES'
HEALTH
BOOTS AND SHOES.
Well-known for their Fine Wearing Qualities and Distinctive Styles. Your attention is invited to the Fine Range of Newest Styles Just Received.
THE SINCERE CO, LTD.
WHITEAWAY, LAIDLAW & CO., LTD.
TRAVELLING REQUISITES.
ou
want
FOR THE
TRUNKS,
BAGS,
VOYAGE
SOILED LINEN BAGS,
"BUG STRAPS,.
"RUGS,
SUIT CASES.
ETC., ETO.
EVERYTHING FOR THE TRAVELLER.
WHITEAWAY, LAIDLAW & CO., LTD,
HONGKONG.
COMPANY MEETING. GREEN ISLAND CEMENT. CO., LTD.
PLANS FOR THE TRANSFER OF THE WORKS.
(a) The Hak En Property is not being taken over by the Government The Company is certainly at liberty ta dispose of it, when the time comes, as they like.
sary?
5-(Q) How does the Company pro- pose to finance the preparation of the The thirty-fifth ordinary general meet new site, the construction of the new building, and the purchase of the new ing of the above company was held at its plant How much of the reserve will offices, St. George's Building (Messrs. be available for this purpose? Will an Shewan, Tomies & Co. General Man-early further call on the shares be neces agers) yesterday.
Mr. R. G. Shewan presided: other directors présent were Messrs. J. Scott Harston, C. A. da Roza, C. F. Mendham, and Li Tse Fong, with Mr. Allan Keith (secretary),
.:j
4
(A.) The first part of this question bas been fully answered in my speech. Tr the last part of the question, regard we certainly shall not make another call. for a long time to come not at any rate until the site has been prepared, which, ns have just said, will probably take at least years. <
4-(Q) When the new plant is in full working order on the new site, what will be the percentage increase in antput capacity over that of the present plant? Will it bo posible to produce cheaper cement. with the new plant f
(A)As your Directors, in conjunction. with their technical advisers, have not yet decided on what type of plant will
Messrs. W. T. Shewan, R. E. Desai, J. M. du Rotha, A. A. Cordeiro, J. S. Tayler. F. F. de V. Soares, Tse Tan Tai, M. B. Figueiredo, Tong Hok Ting, A. Abbas, S. A. Lopes, 'Lau 'Mok Lin, Woo Fong. J. T. Bagram A. H. Rowe. B. C. Randall, W. Adamson, Fred Ellis, A. Nission, D. P. J. Lopes, H. M. Da Silva, erected on the new site, it is imposs D. W. Muuton. A. L. Shields, G. H
ible for me to give you any defuite reply Ports, H. Lyson, R. Basto, T. A. to this question, but I can assure you Tobias, A. A. Alves, A. H. Carroll, M. A.
that the output will be considerably in Rayack. O. Arculli, F. M. L. Soares, Jcreased, and, with the latest system of W. Kew, Choy Sui Woon, W. E. Van kilns, which we are now studying, the E, W. G. Hawker. W. L. Logan, J. H cast of production will certainly be con- Ruttonjer. Lee Ping Scen, am P. C. siderably lower. Pott represented the shareholders.
The report and statement of accounts for the year ended December 31st, 192, having begu taken as read, the CHAIRMAN, in proposing the adoption of same, said: -The result of the year's work is very much the sune as that of 1922, except that you will notice the Deep Water Bay Works show a profit of $9,604.08 instead of a loss of $8,077.11 for the previous year.
We propose to pay the same final dividend as before placing 950,000 to reserve for new plant, and writing off some $105,000, as shown in the report, for reim depreciation? We recommend a payment of $13.648.21 as bonus to staff, which has been well earned and will I am sure be approved of by you, and to carry forward $1,347.89 to the new profit and loss account. We had, as be- fore, to contend, with competition from imported cement, but we were well sup ported by a strong local demand, so strong, in fact, that our export business has suffered in consequence, the demand being greater that our resources could cope with.
Last year I told you that we were con- sidering the question of additional plant and studying a new patent kiln which was said to give superior results ascóra pared with former methods. We order ed. therefore, two of these kilns from Switzerland in order to obtain practical results. One is now rearly erected and will, we hope, be working before the end of this month. In the meantime the question of our removing entirely from the present site at Hok Un has arisen, as the factory, in spite of all our efforts to abete the dust, still continues a nuis ance, and we shall not be allowed to remain there much longer. Last year I was very hopeful that we could overcoma the smoke nuisance, but although the considerably make and dust have both been consider and gases froth the kilna, which, cannot be eliminated, and constitute a nuisance in the eye of the law. Negotiations were therefore opened up with the Govern ment who were willing to assist us in the matter, and we have now secured, a grant of a large piece of land this side of Tsun Wan, at what is known as Gin Drinkers' Bay, at the nominal price of 1 cent per foot. To prepare and reclaim this land will cost. we estimate, from 60 cents to 81 per foot and take at least 3 years. It is the desire of shareholders: that a larger and more modern plant should be erected on the new site, and for this purpose they have come forward and offered to provide adelitional capital. In addition to this the Hongkong Gos- ernment have expressed their readiness to assist us with a loan of $1,500,000, ut 5 per cent. interest, so that with our own cash in hand we shall have about $3,300,000 to spend on the new factory: Should this not be enough we shall have available as soon as the new factory, bas been put up the site at Hok Un contain ing some 1,900,000 square feet of land, which is already valuable and will be more so in the future. Of course, the transfer will be carried out with the minimum of disturbance to our business And we shall not touch the oid plant until a large portion of the new factory is working and turning out cement. We shall, of course, try to utilise as much as possible of the present plant in the final installation. No decision as to what system of burning will be come to until we know the result, in a month or two, of the trials of the new mechanical grate
kilo."
This is mur Axact position at present, and the first thing we have to do is to set to work and prepare the new site. The question of the system of burning and making cement to he adopted in a most important one, and I am glad that
45
3.-Q.) Is there any truth in the re ported stoppage of limestone supplies. from Haiphong? Is there any possibility of these supplies being supplemented by supplies from China Is there any truth in the report that limestone has been found in workable quantities in the New Territories 1
(A.) There is no truth whatsoever in the reported stoppage of limestone sup plies from Haiphong. There is certainly possibility of these supplies being sup plemented by supplies from Chimin fact we are obtaining limestone, in small quantities from the Cantor District now. There is, I am afraid, no truth in the report that limestone has been found in workable quantities in the New Ter- ritories. There is limestone just outside the New Territories, in Mira Bay, and we are endeavouring, through a contrac- tor, to work this quarry now, but we have been greatly hampered by the un- settled state of the surrounding country.
6.-Q.) Does the Company propose to keep the present brick works at Aber- deen! If so, is there any possibility of their extension to meet the increased derhand for bricks.
(A) Yes, we certainly propose to keep on the brick works at Deep Water Bay, and as I have just informed you, we are already erecting a plant for the rano- facture of building bricks. Should this plaat (there is only one kiln being erect- ed at present) be the success we antici- pate it will be, we intend purchasing im- mediately two further kilns.
There were no further questions, and Mr. G. H. Ports seconded the adoption of the report and statement of accounts, which were carried unanimously.
Mr. LOGAN proposed and Mr. DA ROCHA seconded that the appointment of Messrs. C. A. da Boza. Id The Fong, L. F. Mend- ham, and J. Scott Harston as directors rice the Hon. Mr. A. O. Lang, Hon. Sir M. Chater, CM, G. MD, 05.11. Bernard and the Very Rev. Father Rchert (resigned) be confirmed. This re- solution was ananimously carried, as also was one re-electing Mr. R. G. Sheway
a retiring director) to the Board.
Mr HAWKER having proposed, and Mr. FRRD ELLIS seconded, the re-election of Messrs. Linstead & Davis and Messrz. Lowe, Bingham & Matthews as auditors, and the motion having been carried, the business of the meeting was concluded.
ነ
COMPANY REPORT.
WATSON'S DIVIDEND.
Subject to confirmation by shareholders the profits for the year ending 31st Oct., 1921, amounting.co$379,663.82 Together with the amönnt
brought forward from 19:2: 44,498.14
Totalling $418,355.97 |
will be allocated as follows:--
Place to reserve
fund**
To pay a dividend
$100,000.00
20
of 10 per cent. which will absorb 90,000.00 To pay a bonus of
30,000.00
10 per cent. which will absorb... 90,000.00 Write off building'. improvements... Pay to staff pro-
vident fund Pay to Chinese staff superan- Buation fund And carry forward-
to next account: 88,358.97
10.009.DO
10,000.00
-3418,358.07
"THE THIRD ALARM" AT THE CORONET.
in this matter, we shall have the assist ance and advice of Mr. Conrad F. Mend ham, who has had a large experience in advising and superintending the erection of cement, factories at home..
Our new brick plant. which I informed you last year we intended to purchase, is the great rescue scene in "The Third
is now well on the way to completion, and we hope to be turning out bricks of an exceptionally good quality within two or three months(Applause.)
The CHAIRMAN then dealt with a num ber of questions which had been sub mitted to the Board by Mr. Lat Mox Lin, as follows:-
Beyond question one of the most thrill." ing episodes ever created for the screen
Alarm," to-day's li new film at the Coronet Theatre. Giving details here would simply spoil the excitement and the suspense, but it can be mentioned that a young couple are, entrapped in burning building, their doom apparently from the fire brigade as too old for fur- sealed, when the boy'a father, discharged 1-(Q) Where exactly is the new areat ther service, performs a feat that ranks What is its extent? At what price is it among the greatest exploits ever filmed. being obtained from the Government!
"The Third Alarm" however is not all (A) At the end of Gin Drinkers Bay, drama-there is a charming love interest, just this side of Senton. The area is and a distinct thread of butnour, Even 76.10 acres (some 3,300,000 sq. ft.). The when events are most critical a laugh is price at which it is being obtained is 1ever very far away, and the undernote cant per sq. ft.
obscures romance. Consequently The
9-(Q) Is the Hok Un Property to Third Alarm" belongs to that moet de- be taken over by the Government or is lightful type of all pictures-the essen- the Company at liberty to sell it to the tially, human type, at once interesting. highest bidder?
adsing, and thrilling.
From 15th till 31st March
MADAME
FLINT
Who is leaving for France early in April. will hold a
CHEAP
SALE.
DRESSES, HATS, GOWNS.
Material Sold by 'yard: Silks, Linens, Ribbons, etc.
h
CHINA BUILDING, 1ST FLOOR.
GREEN ISLAND CEMENT CO., LTD.
Best Portland Cement
M.
SHEWAN, TOMES & CO.,
Y.
GENERAL MANAGERS,
HONGKONG.
SAN & CO., LTD.
PRESERVED CHOICE CELECTED - BEST YOUNG STEN GINGER- THIS SIDE UP WITH CARE M.Y.SAN&a
• NADE IN HONG KONG A
MANUFACTURERS
OF
BEST PRESERVED
!IN NORS
Y.SANA
STEM GINGER.
HEAD OFFICE: Nos. 92 to 100, Queen's Road Central, FACTORY" Canton Road, Kowloon.
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