Page
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel, Central 298.
AGENTS FOR
THE HONGKONG DAILY PRESS, MONDAY, MARCH 16TH, 1925
2, Queen's Bulidings.
BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.
SOLE AGENTS FOR
UNION
11
ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS
FOR SHIP'S BOTTOMS.
QUEEN'S THEATRE.
TO-DAY & TO-MORROW ONLY.
LAST TWO DAYS AT ALL SHOWS.
FIRST NATIONAL PICTURES
PRESENTS
DOROTHY GISH
AND
RICHARD BARTHELMESS
IS
Joseph Hergesheimer's Flaming Romance of Latin Love
and Spanish Hate.
"THE BRIGHT SHAWL
A John J. Robertson Production in & Parts.
COMING!
COMING
"MURRAY, THE HANDCUFF KING.”
WORLD THEATRE.
LAST CHANCE TO SEE THE GREATEST DRAMATIC STARS
1. MOZUKIN & N. LESSIENKO
IN
THE MOST SENSATIONAL PHOTODRAMA
"
"THE MORPHINE'S PREY."
A TALE OF PASSION'S RETRIBUTIONS WHICH CARRIES WITH
IT A SINGULARLY SIGNIFICANT PREACHMENT.
· FINAL SHOW TO-DAY, 5.15 p.m. &'9.15 pm.
STARTING TO-MORROW, 5 p.m. (Sharp) & 9.15 THE WONDERFUL PICTURIZATION OF PIERRE BENOITS
WORLD FAMOUS NOVEL
"KOENIGSMARK"
p.m.
A PRODUCTION SO PERFECT THAT IT WILL BE PRE-EMINENT
AMONG THE GREAT PICTURES OF THE YEAR.
WITH SPECIAL MUSIC AT REDUCED PRICES. COMING.
COMING.
THE FAMOUS "MERRYGOROUND" GIRL
MARY PRILBIN
[st
“THE GAIETY GIRL.”
WATCH FOR IT.
FOUNDATIONS “
PROMPT AND EFFICIENT SERVICE ENSURED BY ADOPTING THE "FRANKI" PILING SYSTEM, EXAMPLES
CONTRACT No. 40 GODOWN (5 Storeya High)_for_THE CHINA PROVIDENT LOAN & MORT- GAGE CO., LTD., at WEST POINT. TOTAL WEIGHT ON FOUNDATION.12,000 Tonn FOUNDATIONS STARTED.... 15th Oct, 1924 FOUNDATIONS COMPLETED
́ ́..35th Dec, 1924
(Time-52 Actual Working Days.)
***
COMPANY MEETINGS. HONGKONG ELECTRIC CO., LTD.
The thirty-sixth annual general meeting! of the Hongkong Electric Company, Ltd. was held at the company's offices, P. 0. Building on Saturday moming. The Ilen. Mr. A. O. Lang, presided. The directors present were; The Hon. Sir Paul Chatea CM.G., Sir Robert Ho Tung. Mesars, B. D. F. Beith and T. G. Wall. The follow ing shareholders were also present Messrs G. Murray, T. E Pearce, Tip Yong Pak, Leung Shiu Lau, O. F. Ribeiro, Leung Fat Tin, L E. Ozorio, J. T Bagram, G. V. Osmund, E. J. Davies, C. G. Alabaster, W. G. Joseph, O. Hap tists, Lo Chung Kue, Wong Ping Sus. Leung Yan Po, F. M. Ellis, H. Ruttonjer, A. A. Alves, F. P. Braga, Tong. Hing Pong, Ip-Fook, Ng Soi San, and Soo Pai Shen.
to take
THE CHAIRMAN'S SPEECH. The CHAIRMAN said: Gentlemen,-The Report aud Accounts have been in your hands for the prescribed period and I propose with your permission them as read. The nett proft for the year after making due allowance for de preciation is $1,393,304.25 and with tho sum of $148,737.39 brought forward fron Last account we have $1,474,152,64 for appropriativa.
With this sum we propo
to pay a dividend of $250 per sbarc On 300,000
Bharas
to place to reserve
to carry forward to next
летони
$73,0,000.00
100,000.00 Millinery,
124.13344
The dividend is $2.50 per share com pared with $1.50 for the previous yea La view of contemplated extensions of plant your Directors consider it advisable to make a liberal provision for reserve and consequently the sum of $600,000 his been set aside for this purpose. The amount earried forward to.qext account is slightly less than last year.
I trust, Gentlemen., that this proposed allotment of the profits meets with your approval. At the beginning of April we reduced the price of current for lighting: and fans from 15 cents per unit to 16 cents per unit, a reduction which has benefitted our consumers to the extent of over 8236,000. The sales of current in 1924 amounted to 23 million units, a sub.3 stantial increase over the output of 19 million nuits in 1993 and 16 million unita in 1999. We have added a further 29,500 consumers to our system, a rate of ex- pansion which your Directors, consider satisfactory.
The work of changing the voltage and frequency of our supply to a modera stan dard was started in 1921 and completed] in September 1924. The amount expended on this work during the year, under re-i view was $140,001 and the special reserve of $100,000 set aside in 1922 has now been utilised and disappears from the balance sheet. The total cost of the change of voltage and frequency has been 4541,379. The work has been one of considerable magnitude and has involved the rewind- ing of 15,500 fans, the free gift of over; 240,000 lamps, the conversion or exchange of 3,400 appliances, and the reconstruc- tion of over 18,000 meters.
•
*
Summer Dresses,
Bathing Suits.
MAUDE BRENNAN,
2ND FLOOR, ASIATIO BUILDING,
HONGKONG SHARE MARKET. CLOSING QUOTATIONS.,
MARCH 14TH, 1923.
...$1,240's.
Hongkong and Shanghai
Banki
Canton Inraran00
Union Insurances
H.K., U. & M. Steamboat...$365.
$740 b.
Hongkong Fire Insurance
$710.b.
.3266 b.
Douglas Steamships..
$58 b.
"Star Ferries....
„17 b.
(combined).
$82 b:
b
$125
Waterbosta China Bus Langkats
Kowloon Wharves
Docks
Docks
S. Betale Hongkong Lands.....
Humphreys Estates
Pero M
Ori Cotton
Comen Chins Lights Providenta
Dairy Farme
Electrica
25 38.
Tis. 192 b.
TL.12
12 sa, & b. CHIN TIs, 6) b. T. 31 L (combined) 327 b. (combined) $28 b. (combined) 139) b.
Hongkong Ropes (combined) $50 1. Taraway seedbeacons
Watson
Peak Tramse ver
Constructions
b-buyers, a—sellert;'sa—salca..
Valuable Qualities
Some things are valuable because they are rare, sir; others are valuable because they are good, but it doesn't follow that all good things are expensive.
Kensitas Cigarettes are as good as really good cigarettes can be, and they're certainly not expensive.
"
الرحم
The value is in the quality, sir.
Kensitas
Manufacturers;
the preferred cigarette
L WIX & SONS LTD › 17634 PICCADILLY · LONDON - WIL - ENG. Whoisơmia vulgo : DONNELLY & WETTE, Dischetsen for Hongkong und South Chlon, 1 QUEEN'S BUILDINGS Telephone: Central: 136,
We have purchased during the year a piece. of land adjoining our North Point Works which will give us a frontage on the new 100ft. road and provide room) for future extensions; also a building! site for European quarters at Causeway Bay, and sites for substations at Ker nedy Town. Mount Cameron and Aber deen. Building has been commenced on thirteen house at Causeway Bay and the substations at Mount Cameron and Aber deen. The first hlock of workmen's quarters at North Point completed and occupied in April forms a useful addition, When I last had the pleasure of second- to our property. A new substation building the Company's report, I commented ing at West Point was finished towards on the fact that our charges were con- the end of the year and one of the staff riderably cheaper than many of our residences has been practically recon neighbours in the East, although some structed. The principal expenditure on of them are supplied by municipal under plant daring, 1924 has been in respect of takings. This today is still the case, and mains which includes the laying of 50,000 feel sure shareholders will support my yards of underground cable.
congratulations to An agreement has been entered into directors and agents on the way this the manager, staff, with Messrs. Butterfield & Swire for the public utility Company is so ably and jaterchange of energy between their Tai- successfully managed. (Hear, hear.) koo Power Station and our Station at The adoption of the report and accounts North Point. We believe that this ar was carried ananimously. rangement will be mutually beneficial. The re-election of Messrs. Linstead & and it is hoped to commence operations Davis an auditors at a renumeration of during 1525.
$1,000 was proposed by Mr.L, J. DAVIES
At our last meeting I stated that we and seconded by Mr. G. MURRAY, and was should in the near future require fresh carried unanimously. capital and that an issue in the early The election of Messrs. B. D. F. Beith part of 1925 was contemplated. Since and T. G. Weall to the Board was co- that date we have entered into the ar-firmed on the proposition of Mr. J. T. rangement outlined above and this to BAGBAM, seconded by Mr. YIP YONG PAK gether with the increased profits made in The re-election on the Board of Direc 1924 will enable us to defer for the pre-tars of the Hon. Sir Paul Chater and the Bent the question of a new inue. Before Hon. Mr. A O. Lang was proposed by moving the adoption of the report and Mr. C. G. ALABASTER and seconded by Mr. accounts I shall be glad to answer to the W., G. Jor, and best of my ability any questions you may agreed to.
was unanimously desire to ask
There were no questions submitted.
PROGRAMME OF EXPANSION.
: ROPE MANUFACTURING CO., LTD, CONTRACT No. 44
Mr. T. E. PEARCE, seconding the actophe Hongkong Rope Manufacturing Co., An extraordinary general meeting of GODOWN (4 Storeys High) for THE WING tion of the report, said Me Chairman Lul, was held at the offices of the genera ON CO., LTD., at WEST POINT. and Gentlemen,- think I may safely managers, St. George's Building a t TOTAL WEIGHT ON FOUNDATIONS,11,654 Tons
say that all your shareholder who have im. last Saturday. There were present: CONTRACT SIGNED
...17th Dec, 1924
the Company's heat interests at heart are lessrs. R. G. Shewan (Chairman), H. FOUNDATIONS ÉTABZZD
25th Dec. 1924 entirely satisfied with the proposed allot P. White and Allan Cameron (members. FOUNDATIONS COKELETED 3rd Feb, 1925ment of profits. Some few years ago you of the Consulting Committee), R. F.
(Time-53 Actual Working Days) «
placed before va a programme of expan- Mattingly (Solicitor), F. J. Tavares sion and development which may to some (Secretary), and the following share. have appeared unnecessarily optimistic. holders-Messrs. G. P. Lammert, Choa Results have proved the contrary and the Po Min, B. C. Handall, Tong Hok Ting. figures which we see to-day must be a H. Tayler, D. W. Munton, W. source of great satisfaction to the manage Hawker, 3. Toppin and A. A. Botelho. ment and directors, as it is to the share, holders. The increase of 4 million units convening the meeting, and the report of The secretary having read the notice of current, sold, or 20 per cent more than the proceedings at the meeting held on in 1923, and over 50 per cent, more than February 26th 1945. 1999, and the addition of 2,500 consumers
Ask for illustrated Booklet and full information from tha
HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.
ST. GEORGES BUILDING, OHATER BOAD.
Telephone Central 4581 (Two Lines).
RAPIONNIS FRAPION No:
RAPION N03
WINES, LIQUEURS AND SPIRITS, Apply to-
HUGO PETEES & CO, LTD.,
Hamburg-STRiFWARDAN, GERMANY,
The CHAIRMAN said: Gentlemen,-This
to our system are figures which I venture meeting has been called for the purpose to suggest can he described at more than of confirming the report of the proceed- merely antisfactory." I think the gener
ons policy adopted when dealing with the at the meeting of the 28th February, change of voltage, and the farther reduc passed as a special resolution. I there
and of confirming the resolution then tion in price of earrent during the year fore now beg to propose that the report should have well satisfied our customers. just read be confrmed and that the re We are pleased to learn that provision ia salution passed on the 20th February and being made for further extensions and fast read he now confirmed as a special development, a policy which is fully justi-resolution.
Ged: by the ever increasing demand for This was seconded by Mr. Wat and our supplies.
carried unanimously. The meeting then triginated.
-* (Continued on next Column)«
Jenkyn
Obtainabla at Lane, Crawford,
Led. Tibaquesta Pülfian. Grasco-Scrutini
Tabacon Stor th
and all high-class
Tobacconist
At 95 cents
per tin of 50
at
TO-DAY
at 2.30 p.m., 5.15 p.m., 7.15 p.m. & 9.15 p.m.
Starring
THE
LITTLE
11
CLAIRE WINDSOR
KENNETH HARLAN
CHURCH
AROUND THE- CORNER
HOBART BOSWORTH
PAULINE STARK
ALEC B. FRANCIS
and
WINTER HALL
A Picture to please Everybody; a rattling
good story. At least two big punches. Fine settings and perfect acting by a wonderful cast.
THE
CORONET
A Critic reports The production has been made on soch truly stupendous scale' us to leave us gaping wonder and admiration.
MOON OF ISRAEL
Sir H. Rider Haggard's Grest Story as a Stoll Picture Production A FICTURE OF ARTISTIC SPLENDOUR, = MAGNIFICENT AND ENTHRALLING=
The Crossing of the Bed Ben and the Drowning of Pharaoh and his Hoata is but one of the thrille
Commencing THE CORONET Thursday, at
PROMONTA
most effective nerve-food and
strengthening medicine.
SOLE-AGENTS:
BORNEMANN & CO HONGKONG-Queen's Road, Asiatic Building CANTON-No. 17, Teu Yuen Ha Kai.