Page
THE UNITED
Tel, Central 256.
ASBESTOS ORIENTAL AGENCY, LTD.
THE HONGKONG DAILY PRESS, THURSDAY, JANUARY 28TH, 1926
Queen's Bulldings.
"SOLE AGENTS' FOR '
BELL'S UNITED ASBESTOS CO. LTD.,
MANUFACTURERS OF
Viator Matallio,"
* Dagger," "Quadruple “Beefar” Packings.
and
Bell's Asbestos Compositions.`-
"Salamander” Engine,& Öylinder Oils.
"Salamanderite Jointing."
ANCHOR
BRAND
PURE MANILA ROPE.
THE CORDAGE YOU CAN TRUST."
MARINE ROPE
TRANSMISSION
OF POWER ROPE
CABLE LAID
HAWSEES
WELL DRILLING CABLES
ESTABLISHED 1854
ROPES OF ALL
CHAUST
ROPE
FACTORY
MANILA
BIZES FOR ALL PURPOSES
MADE FROM PURE MANILA HEMP
MANUFACTURED
BY THE MOST
MODERN MACHINERY.
STOCKS ON HAND OF ALL SIZES. ENQUIRIES SOLICITED.!
FACTORIES:-MANILA, P.L
KING'S BUILDING TELEPHONE CENTRAL 9165.
HONGKONG, OFFICE:
South China Knitting Factory.
A Modern Factory recently installed with the most up-to-date machinery in Hongkong.
Already supplying the Far East, from North China to India, with the Highest Grade.
COTTON
SOCKS.
We are now in a position to deal rapidly with the largest orders, and we invite enquiries from Wholesale and Export Firms interested in a class of goods which has acquired a wide reputation for being of the most depend- able quality.
Ofice and Factory; MONGKOK, KOWLOON. Cable Address: SOUCHIKNIT, HONGKONG.
TEL K598.
A.P.B.
PYORRHEA
YORRHEA is distressing to have but easy to prevent. For one hundred yean dentists throughout the wodd have recom- mended this preventive: saturate your brush with sparkling, refresh ag LIQUID SOZODONT the first thing in the morning. Massage your gums briskly until the foamy liquid has brought the blood bing- ling to the gums. Rub the teeth thoroughly from gum to the edge. of the teeth. Let century-old LIQUID SOZODONT penetrate every crevice between the teeth to remove small particles of food. Use either SOZODONT PASTE or POWDER to thoroughly dean the teeth. This should be done at least twice a week. SOZODONT is bee from disagreeable and harmful grit.
If you will persist in the combined use
of LIQUID SOZODONT and SOZODONTA PASTE or POWDER your gums will resist dread pyorrhea and your teeth will be fro from decay,
Manufactured by: HALL & RUCKEL, Inc.
New York, U.S.A.
Sozodont
Lould and Pasta on Powder Every Day
·Their Combined Use to the Safest Way
Bachuaire Agents for South Chits
BIKOTEWALL & CO.P.O. Bór 212, Hongkong
"
COMPANY: MEETING.
“HONGKONG. STOCK "EXCHANGE,
CLOSING QUOTATIONS.
Axis Bank
"JANUARY NITH, 1926.
..$1,060 buy...
Leios em
rom. ROM.
„HONGKONG LAND INVESTMENT- AND AGENCY CO. LTD.
The 38th ordinary general meeting. qf
Hongkong Bank shareholders in the Hongkong Laod
Load Investment and Agency Co., Ltd., was Chartered Bank
Morcantile Bank, A.& §. held yesterday at noon at the officer of
Do Messrs. Jardine, Matheson & Co., under P. & 0. Bank the chairmanship of Mr. D. G. Canton Insurance...... Bernard. There were present: Sir China Underwriters ........ Paul Custer, Father Robert, Mr. A. H. North Uhins arancella, 145 nom.
Union Insurance
1955 buy- Compton and 3tr. A. S. Gubbay (DirecYangtaze Insurance
$30 buy. Wire Lasurance ......................
........ 165 buy. COTS), Mr. L. S. Greenhill (Secretary) and the following shareholders: Messrs. Hongkong Fire Lasurance....$600 sel. R. L. Bridger, F. G. Agabeg, A. M. da Dong1668.33 201 C. & M. Steamboats ...325 sel.
Tags .......
معنين
-F『ཙཱy---*
Silva, G. M. Ribeiro, K. E Desai, He (Prel) -
Shell Transporta Star Ferr........ Waterboats..
Buttonjee, Ho Kom Tong, F. Laurel, A. J. M. da Rocha, CS. Remedios, E. E. Osmund, A C. Kennedy, E B. C. Hornell, A Murdoch, F. N. da Silva, O. F. Ribeiro, D. McMurray, J. Oriental Harigations Joseph, J. Arnold, R. M. Austin, D. Y. Chins Bugais ko... Stevenson, F. Pollock, F. Austin, A. Malabon Ringars.... Abraham, F. M. Ellis, E. A. Simon, J. M. Benguets Alves, Kelly Bayce, J. F. Grose, G. Kailan Mining Ad Puncheon, F. E. B. Ribeiro, G. A. Car Tangata (combined)
Do single) valho, E. Henderson, W. J. Ribeiro, R. 1. O. Silva, J. M. C. da Souza, B. C. Shanghai Explorat Randall, P. S. Cassidy, E. M. Raymond, Shanghai Loans J. T. Bagram, J. F. Wright, G. V.Baube Osmund, J. Baptista; D. J. Purves, P. C.Tronah Mines. Potts Saddick, T. G. Weall, HUm Caspisan.
F.K Birkett, A. Nissim, B. J. Lakin, N. L HEK & K. Wharis..
H.E. &W. Dooks Railton, D. Lyon and A. E. Potts.
Hongkown After the Secretary had read the notice convening Le meeting:
The CHAIRMAN said: Gentlemen,-The Report and Statement of Accounts, to gether with the Auditors' Report, have been in your hands for some days and with your permission I propose to follow the usual procedure and take them as read. The Balarce. of Proft and Lose Account this year amounts to only $1,043,016. 15. compared with 83,183,237.51 for the previous year. But this latter amount included large profits on sales of property and shares. these are elimin- ated it will be found that the nett revenue amounts to $1,023,218 15 in 1925 compared to: 8088,410,55 in 1924, or an increase of $38,768.60 in 1925.
In his speech at this meeting a year ago, my predecessor told you that no sales of property had been effected since August, 192, and added that the exist ing state of the property market did not indicate that the Company would find sales material source of profit in 1995. This forecast proved entirely correct and the only sale made during the year was of a house at the Peak. It could not, of course, be expected that the property boom would fast many years and your Directors were quite prepared for the reaction which has set in.
-
Turning now to the accounts. Accounts Receivable at $373,868.53 is high com pared to 8338,896.57 on 31st December, 1824. Both these figures include the sum of 8225,000 due in respect of the sale of some Praya East Reclamation Right As a rule & Mortgage is execuset for such a aale and the amount included under Amount advanced on Mortgages." In this instance, however, no Mortgage deed was drawn up, but we retained the docut ments as security. This account also in- cludes rents due and interest on mort- gages. The former are about normal but there is a substantial sum outstanding in interest. Your Directors have con- sidered these outstandings carefully and are of opinion, that they will all he paid, but that in any case the security is adequate to cover them.
An interim dividend of $2 per share has already been paid and your Directors recommend a final dividend of $2 per share, absorbing $460,000 pay, a bonus to staff of $8,000, and carry forward 8848,140.33 which includes $73,124.38 brought forward from the previous year. Last year we were able to pay a bonus of $2.50 per share in addition to this dividend but we had substantial profits from sales of property and shares to draw upon which we have not got this year. The carry forward will be $75,016.15 larger and this your Directors consider only prudent in view of our large out-- standings although, as I have already Baid, they regard them as sound, w
I do not think, gentlemen, that there are any other matters that call for ex- planation, and I now beg to propose the adoption of the Report and Accounts. When this has been seconded I shall be glad to answer to the best of my ability any questions which shareholders may wish to ask.
New Engineeringa Shanghai Docks, Indos Def.
HK.&. Hotels (old)...
ne Hongkong Lands........ Hangkong Realty's (6.p.). Territorials (f.p..... Humphreys Estates. Prince's Building........ "Kural Lands
Ewo Cottons
Orientals
Shanghai Cottons (cld).
Do.
$85 nom. $500 bar.
$16 buy. 250 nam.
48 núm.
4h/- bay.
Tis. 19 ndus. Tis. 5.46 nom.
Tis, 8 pont, :$5.80 sch ..55/-nom.
.8/. nom.
.$123 sel. $57) buy. „Tis. 165 nom.
Tis, 7 bay
nom.
Tis. 114 fel. $45 nom
562 bal. $5 bes 38 buy.
"IXOU FETS"
SISU nom. ..27 Bal.
„Tis. 94 sel..
Tis, 3
m
Ta, 58 sol (now)...... Tls. 28 sol Amusements
$10 buy. Canten Ices........ ......$7 nom. Cements (combined). Si nom.
(old)
......................819+ nom.
Do
Do
China Buses Chins Lights (combined)
Do
(old).... (new)
Do. China Providents Constructions Dairy farms. Dar & Wing Hongkong Hlectrics.
(p.)
Macao Electrics
H.K. Developmenta HK Ropes (combined) Do. (old); Do. Hongkong Tramways
(DOW) Tane Crawfords... Mackintoshs.
Peak Trams (old)
Do. (new) (ap-)..... Biaceres ........... Whited Asbestos Watsons (old)
Do. (new) Wm. Powells
$3 nom.
la 10 buy.
$18] SL
$12 sel.
$8 sel.
$3 sal, 33 buy,
$17+ Bel $10 nom.
..$51 nom.
.30 ct. bay, ..$40 Bel.
..$13) nom.
881 nom. $21 buy. 8121 DOM. .821 nom.
317 buy 173 cm.
..$8 nom.
$11 sel
SA BAL
320 nota.
$124 buy.
$12 bay.
buy-buyers; el eller escales nom.-nominal.
COMPANY DIVIDEND, HUMPHREYS ESTATE & FINANCE
CO., LTD.
The profit for the year including amount brought forward from the previous year is $243,729.14 which the Directors will recommend, at the forthcoming Annual Meeting of Shareholders," be allocated as follows:-
Pay & dividend of 60 cents a
1-share absorbing Pay a bonus of 20 cents a
share absorbing Carry forward
$120,000.00
30,000.00 98,728.14
$248,729.14
SEARCH FOR PIRATES.
ACTIVITY IN SHANGHAI.
Shipping and Engineering of January nd has an interesting article dealing DIRECTORS CONGRATULATED.
with the activity being shown in Shang- Mr. T. G. WEALL, in rising to second hai in connection with pirates and the the adoption of the report and accounts, strict examination and searching of pas- said that in doing so he felt sure, he had aengers being carried out on vessels the unanimous support of the meeting.arriving at the Northern port from F Hong- The Chairman had just informed them kong
You've heard a lot about Big Pictures: This is the biggest of them all I
TO-DAY Till SATURDAY. At 2.30, 5.15, 7.15 and 9.15 p.m.
CARL
LAEMMLE
PRESENTS
HIS COLOSSAL PHANTASY IN 10 REELS
THE PHANTOM OF THE OPERA
WITH
LON CHANEY
EXQUISITE MUSICAL PRESENTATION.
QUEEN'S
YOR DISPOSAL, Ons Fire Roomed HOUSE with Garden on Prax in Excellent Position. FOB
One Fire Roomed HOUSE in Good Surroundings, MOUNT GOUGH, PEAK. One Five Boomed HOUSE, Large Verandahs, Middle Level. Quiet Central Position. One Five Roomed HOUSE in POKPULUM near Ses, Beautiful Views One HOUSE, CHIBAL Kow- Louw, also Granite Built HOUSE close to Beach sad on Hill, KOWLOON CITY. Above Houses For Sale $13,000 to $40,000. Buyers may settle balf Cash: arrange Mortgage for Balance. Particulars will be giren to BUYERS OF RENTERs, upon Request, to TIL, 1630, HONGKONG SMALL INVESTORS, SHARE & REAL ESTATE CO.
“GREATER than RUST"
Wilkinson's
ANTICORROSIVE
Ready Mixed Paints
for Every Description of Iron and Steel Work
Large Stocks | kept
of Two Shades each
RED AND GREY
Specify
Wilkinson, Heywood & Clark's
PAINTS
Agents:
S. G. LAY & Co.,
Alexandra Building
Telephone
Central 763.
FINE SELECTION OF HORS-D'ŒUVRE.
#
SMOKED SALMON in Oil (LAX) BLACK RUSSIAN QAVIAE, 24 02.
02... BOLMOPS HERRINGS in White Wine Mark Bocle HERRINGS EXTRA (J. TROLEY) ...
TEL. 794
Prix
$2.75 [ITALIAN ANTIPASTO
1:30 TUNNÝ FISH AXTEA, Large Tin 2.50
Small Tini" 50 BAUCISSON de LYON OLIDA per Ib. 1,80
BLACK OLIVES....
45
80
ALBO
GRUYER ROQUEFORT & CAMEMBERT CHEESE.
THE FRENCH STORE,
that in spite of there being no profit on The article reads: An increased. fo the sale of property or shares, the net dieation of the activity that is now mani- revenue showed an increase of 838,760.00 fest in Shanghai in connection with for the year. Under conditions which had been ruling in this Colony for the past six months he considered this result from Hongkong have been thoroughly INHUMANE ORDER IN WUCHANG to be highly satisfactory, Although all examined, and their passengers thorough of them liked to receive bonuses when ly searched, immediately they have reach. conditions permitted, the Directors were ed this port. These searches, we under- to be sincerely congratulated" on the stand, although carried out with meticul balance sheet leid before, the meeting, ous thoroughness, failed to reveal either and the distributions they had been able any potential pirates or concealed wen-
pirates is the fact that during the last NO SITTING DOWN FOR MEALS. few days some vessels which have arrived
MILL
A STRIKE AND A BITTER
#CONTESTS
No. 9 BRACONSFIELD ARCADE,
A FEW BUSINESS.
A case heard recently in the police court here discloses the existence of a new business, says the British North Borneo Herald. The defendant in a cass was let off with a severe warning and a fire of one dollar. He left the dock apparently very annoyed. As the magis the offence he was surprised and instruct
The Wuchang correspondent of the trate had given a very light sentence for
to recommend. With these remarks he pens but that laet must not be allowed. Daily News writes
had much pleasure in seconding the to give rise to the impression that such An interesting strike has just brokened the Court Interpreter to ascertain adoption of the report and accounts as searches are useless. Of course, as we out in the Yu dws Cotton-Mill, which the cause of defendant's annoyance. It g circulated.
have stated time and again, if the China is one of the big Chinese-owned cotton then transpired that upon receiving, the mills in Wachang. The following details summons, defendant bad gone to what, are taken extirely from an account in for lack of a better name we will call the Chinese press, and not from any the broker who for the payment to heareny. The trouble arose from him of five dollar guaranteed to pay any order published by one of the foremen fine imposed on the defendant. This
ment...
The report and accounts were then put to the meeting, and carried unanimously. DIRECTORS RE-ELECTED.
Mr. KELLY SAYCE, in congratulating the pirate wants to board & ship at any Directors on the balance sheet before the special port and get arms on that ship, meeting, said they werd now passing he is going to do so, search or to search through very difficult times, but he hoped but the knowledge that if he is coming that soon the sun would come through to Shanghai to embark on one of his the clouds and shine again, and that professional undertakings he may be sub there would be an all round improve-jected to a most carchil search and be that the employees should in future take was the reason of the indignation of the
required to give a full account of his past their meals standing, in order to save latter when he was fined one dollar i activities and future plans, will certainly time, and that any worker who was found make, him more careful
sitting down to a meal would be fined. The employees immediately set about handed action, and put forth a number raising a protest against this inhumane of demands. These were, the rolesse of regulation, and 20 representatives were the imprisoned man, Wang Hai Shan, chosen to discuss the master. At this, the dismissal of the foreman, an increase the management of the mill sent for the of wages, and a promise that the over emphasised time and again, is the de- police to come and arrest the agitatore secre should not be allowed to ill-treat struction of the pirates in their Iair at One of the latter, named Wang, who had the child-employees in the mill These Bias Bay, and unless and until this is been taking the lead, was taken to the demands were summarily refused by the accomplished they will continue to be an police station and put in prison. The Manager of the mill, who roundly accus Fur ever-present danger to every coasting ship workers were annoyed at this high-ed the workers of Bolshevism
ther news is not yet to hand plying in these waters.
(Continued at foot of next Column)
It is doubtful, however, it anything that can be done or is done at the ports On the proposition of Mr. CABBIDY, will ever have the effect of eliminating seconded. by Mr. EM RAYMOND, Sir or even curbing the activities of the Eobert Ho Tung and Mr. A. FL Compton pirate. The only basic cure, as has been
were re-elected directors,
On the proposition of Mr. BAGRAM, seconded by Mr. R. BRIDGER, Messrs. Percy Staith, Seth & Fleming and Messrs. Linstead & Davies were re-elected andi
itors at a fee of $750 each.