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THE HONGKONG BAILY PRESS, WEDNESDAY, APRIL 197, 1925
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD
Tol. Central 996).
SOLE AGENTS FOR HONGKONG.
Address: 2, Queen's Buildings
QUEEN'S THEATRE.
Monday to Thursday, March 30th to April 2nd,
at 2.30 p.m., 5.15 p.m., 7.15 p.m. & 9.15 p.m.
A Brand New Picture
A Picture Which Everybody Should See FIRST NATIONAL PICTURES
PRESENTS
LEWIS STONE WALLACE BEERY
IN
JANE NOVAK ROBERT GORDON
THE ROSARY
An Adaptation of Edward Rose's Famous
Play of the Same Name
ALSO
BUSTER KEATON
IN
ELECTRIC
HOUSE
His Funniest Comedy to Date i 2 Parts.
COMING HERE SOON! RUPERT OF HENTZAU ".
The Sequel to
THE PRISONER OF ZENDA.”
WORLD THEATRE.
LAST CHANCE ΤΟ
SEE
A VITAL DRAMA OF RESTLESS WIVES AND
DISCONTENTED HUSHANDS
“TEMPTATION
WITH AN ALL STAR CAST INCLUDING
EVA NOVAK BRYANT WASHBURN AND OTHERS,
1150
JACK DEMPSEY
IN
"A SOCIETY KNOCKOUT"
..
'(SECOND OF THE “FIGHT & WINTM SERIES)..
FINAL SHOW TO-DAY, 5.15 p.m. & 9.15 p.m.
STARTING TO-MORROW.
THE CELEBRATED SCREEN STAR
MIA MAY
THE PRICE SHE PAID "
ADAPTED FROM E. BAJDAS FAMOUS STAGE
PLAY THE BRIDE'S CONFESSION”
(IN EIGHT REELS).
IT'S ONE OF THE GREATEST PICTURES IN WHICH THE FASCINATING ACTRESS EVER APPEARED.
USUAL PRICES.
HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.
CONTRACTORS FOR
CIVIL ENGINEERING AND BUILDING WORK OF ALL DESCRIPTIONS.
Specialists in Reinforced Concrete Foundations and Structures for Factories, Godowns, Wharves, Bridges, Piers, &c.
Bole Licensees for Hongkong and China of the "Franki" Patent Compressed Concrete Piling System.
Enquiries to HEAD OFFICE: ~
ST. GEORGE'S BUILDING, CHÀTEE BOAD." Telephone Central 4581 (Two Lines).
COTTON BOOM DISCLOSURES,
MILLIONS MADE AND LOST,
SIR WILLIAM HOPWOQU'S DEALS,
Figures of profits made in the flotation of cotton mill-companies in Lancashire during the boom period a few years ago! were given by Sir William Hopwood, of Sandyfrolt, Shaw, at his bankruptcy ex. amination at Oldham, last month. His deficiency is estimated at £19,000.
He said that his first deals in the buy- ing-and-flotation of mills were in 1914 ko Juls, when he bought five mills cheaply Irom the receiver or liquidator and re floated them with some success. He was financially assisted by Sir John Leigh.
The Deputy Official Reveiver, Mr. Mar- gatroyd: You have been concerned in eight companies, where Sir John Leigh purchased the shares from the old shares. holders and then sold them to you and you farmed the companies?
Sir William: The shareholders had paid up capital to the extent of £389,000, They received from Sir John Leigh £2,156,000. They made uproßt of £1,627,000 themselves.
Mr. Murgatroyd: In these mills for which Sir John Leigh obtained that amount you paid him £3,114,000, so that be made a profit of menariya milliquin eight companies?
Sir William: 1 have a vague idea be would have made nearly £1,000,000.
The Official Receiver: Your profits from these wight mills consisted of promotion fees of $88,000;
Sir William agreed, and admitted that
even if the boom period : had lasted the mills would have had no-mar- gin to work on and could not have paid! more than à pe; cent on the year's work- ing. If the profit had dropped their prospect of a dividend was ni
"It was a boom period." he added, **and we thought it was worth it. We
took no aceaant of what could be paid?
Mr. Murgatroyd said an account "had been sent to him showing that in 170 "companies reconstructed and taking inte consideration paid-up capital, the share- holders" profits were £45,854,000. N
Asked if it were true, that inore than £2,000,000 was paid to old directors for compensation for loss of office, Sir Wa liam said he could not quite believe that.
Mr. Murgatroyd: It is based on 170 companies with an average of six direc- tors each, and each director, getting £2,000. "A"directon got really forty years' purchase and that is one of the worst features.
A DATE
TO REMEMBER.
THURSDAY, 2ND APRIL, 1925. GRAND CONCERT
Ix "Ai or
MISSIONS TO SEAMEN.
Theatre Royal. 9.15 p.m. Prompt.
Place
Time
The Band of the East Surreys will Perform the following Delightful
Programme :- 1-OVERTURE......Tannhauser............. Wagner It was pointed out that in the 170-RIDE OF THE VALKI RES.....(Walkürenritt) cases the shareholders' capital amounted
Wamer
"
to nearly £8,000,000 and new share--FALLET MUSIC...The Shoe ..................... Anseli holders' capital to £99,000,000.
Asked who was the first person who evolved the idea of buying the shares and forming a company, Sir William said it was Sir John Leigh.
Mr. Murgatroyd: Of these eight com- panies four have schemes of arrange- ment before the court, and in one case
(Symphonic()
ALLEGRO MODERATO... Fathetique.
Tschaikowsky ALLEGRETTO SCHERZANDO...Sth Symphony
Besthoven BurScenes Neapolitaine... Blasienst 7-SELECTION. The Martyr of Autioch...Ballivus
Becker
a receiver has been appointed. That is MARCHE AUX FLAMBRAUN avory unfortunate toll of eight com-TONE PA......Finlandia....... Sibelius panies.
Sir William Very unfortunate.
Mr. Murgatroyd. And it is not only Ip addition Mr. and Mrs. A. M.
Bowes-Smith and Mr. D. M. anfortunate for you, but for people who have been putting money into these con- cerns. You know it has caused a great deal of misery and loss to a large num- ber of people.
Sir William: I know I a one of them.
Richards will assist.
(2020
Mr. Margatroyd Many of these share CB WARREN & CO., LTD.
holders have had to file theit, petitions. They have lost all they had, and the point seems to be they had relied a good deal on you as to the hope of these com- panies being successful.
Bir William: Yes, I dare say they have.
Mr. Murgatroyd: In many cases it is
A question of life savings Laving gone. What do you attribute all this trouble to:?
Sir Willian
Depreciation in values.
Mr. Murgatroyd: Shall we say the values were never there?
Sir William: I remember purchasing cotton at 3d a pound. To-day the same cotton would be is, 3d
The examination was again adjourned.
HONGKONG SHARE MARKET.
CLOSING QUOTATIONS.
MARCH 315, 1925. Bhanghai Banks - tump', $1230x Canton Inraries $712 b. Hongtang Fire Insurance .. 8655 8. ex dir. Union Insurances267 b. Douglas Stoamship....... 354 nom
Hongkong
H.K., G. & M. Steamboa
Forries
85
Halabon
Chink
ombined).
Wharves
BMX Dockor.
Docks E.K. & S. Hotals Hongkong Lazda Humphreya Kataton
Two Mila Shanghai Cottons....... Orientals
Cements (combined) ...... Using Lights. (combined)
Providonta
Dairy Farm Electrics
(combined)
537 nomi.
$99 nom.
446 L. $09 nom.
26b.
1194 8.
Tis, 126 nom.
$97 b. ...$204 b.
Tis. 11.80 z.
TL, 60 b.
Vis: 4 b. $31.35 b.
564 b.
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A
s'monk
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RUHLEBEK CAPTAIN DEAD.
A large congregation 'sesembled in the Anglican Church at Berlin recently for the funeral service of Mr. Jomph Powall; known to many Englishmen as the cap- tain of the futernment Camp at "Buble ben. Bince the war he had acted as manager of the foreign department of Um company. He died from pneu- manis. The body was conveyed to Eng- land.
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A good old English Custom
Keeping the port travelling round the table is an old custom still maintained by a few English clubs-like Kensitas Cigarettes, sir, always passing round good company...
The soft, mellow-smoking qualities Kensitas Cigarettes make you want to keep on enjoying them, and the last smoke is as good as the first, because all Kensitas are "as good as really good cigarettes can be.
Kensitas
Moranfacturers:
the preferred cigarette
*
Jenkyn
Obtainable or Lane Crawford, Lidi "Tabaqooria' 7Eplum,
·Grmaco»Exration."."
Todaro tar
and all kish-diass,
•Fo
1. WII & SONS LTD - 1974-5-6 PICCADILLY | LONDON • W.1*ENG | At 95 cents”. it holesễn only: DONNELLY & WHYTH, Distributors (ar Hongkong and South China. I QUEEN'S BUILDINGS. Telephone: Central 435,
per an of 50.
THE ENTIRE BROADWAY CAST
in
DAVID BELASCO'S
Greatest recent success
TIGER
ROSE
Experienced Cinemagoers
are aware that whenever a big stage success has been_transferred bodily to the screen with the original cast,`a delightful picture has resulted One has to recall "Potash and Perlmutter,” “Way Down East," "Disraeli” to realise the truth of this." "Tiger Rose" is one more triumphant vindleation ̈ of the rale that a good play, well cast always makes a good picture.
TO-DAY Hill SATURDAY
at
at 230 p.m., 5.15 pm, 7.15.p.m. & 9.15 p.m.
THE CORONET
STAR THEATRE
KOWLOON,
In response to numerous requests and by desire of the Management, 3-PERFORMANCES ONLY-3 THEATRICAL ENTERPRISES (Maurice E. Benson v. Alec Ross)
Present
MADELINE ROSSITER'S COMPANY
The only show that in ware of a welcome everywhere,
FRIDAY, April 3rd, at 9.15
"FLARES & FLASHES
SATURDAY, April 4th at 9.15
p.m.
“POT POURRI
..
وو
Presenting the most popular Itams in the "apany's Bepertoire, SUNDAY, April 5th, at 9.15 p.m. FAREWELL PERFORMANCE
REQUEST PROGRAMME
Send in your roquest by Saturday next and we will put in ens for you,
The Programme is Yours-anything you want.
GOOD-BYE-EE.
Prices-33, $2&$1, Booking at Moutrie's or Star Theatre, There is Only One SHOW, and That is the BOSSITER CO.
THE NAVY'S CHOICE
Coates-
ORIGINA
PLYMOUTH GIN
OBTAINABLE EVERYWHERE.