HENRY HEATH Soft Felt Hats
The kind London
is wearing now.
Just "in-not only new hats, but the news in hat styles-the shapes and shades that London's wearing-light grey, wolf grey, sand or the new English oak.
Your present hat has had a good run the past season-isn't it time to choose another?
Mackintosh
'MEN'S WEAR SPECIALISTS
ALEXANDRA BUILDING.
& Co. Lid
DES VOEUX ROAD
"King George IV
OLD SCOTCH
WHISKY
?
OPENING AND CLOSING FACILITATED BY NEW SCREW CAP
Simple Safe & Secure
No corkscrew necessary
Possibility of leakage or contamination through faulty corks eliminated
THE DISTILLERS AGENCY,⚫LTD.. •
SOLE AGENTS:
EDINBURGH
"GANDE, PRICE & CO., LTD.
TEL C. No. 185,
RONG RỪNG
The right Edison MAZDA Lamp
in every socket will
give you better
light
614
THE HONG KONG DAILY PRESS SATURDAY, MARCH 23, 1929.
THE HONG KONG ELECTRIC CO., LIMITED.
The item "Mortgage on Pro- perty Sold has in consequence disappeared from the assets in the Balance Sheet and the property re appears under Land at the original book value of 831,000 and under Buildings at a valuation of $30,000. The Special Réserve on the
NET PROFIT OF $1,703,000. Liability side of the Balance Shees has been reduced to 8173,359,23, and you will notice that this LAST YEAR'S DEVELOPMENTS, andunt has been merged into the
General Reserve.
Inland Lot 90,010 square feet in This property now consists of an
area, containing a row of ten Chinese tenement houses nearly den. Lot of 10,400 square feet. ready for occupation, aud a Gar
At the fortieth annual general meeting of shareholders of the Hong Kong Electric Co., Ltd.. held in the companies offices P. & O. Building yesterday morn ing, the chairman, Mr. C. G. S. Mackie, said that the output for retaining wall on the eastern side It has been necessary to build a was just under 31 million units, an increase of over 3 million.
of the property and we have, in- eurred an expenditure of $38.00 units over the previous year, and
on the completion of the hot the profit was 825,000.00 more.
Your Directors propose to let the The number of consumers had inten houses until such time as an creased by 1,300 during the year opportunity arises for the sale of
the whole of the property.
1028
under review,
Mr. Paul Lauder in seconding" the adoption of the report and ac- counts was the mouth-piece" of the shareholders in offering hearty con gratulations to the Board of Direc- tors and the staff on the excellent result of the year's working.
Those Present.
|
-North Point Station.
ท
The Current Account with the Hong Kong and Shanghai Banking Corporation shows a credit balance of nearly a lakh instead of an over- "draft af about 3 lakhs in the last.. report and Bills Payable are less by $339,125.
Mr. C. G. S. Mackie (Chairman We have completed the extension of Directors) presided, ́ and was to our North Point generating supported by Sir Robert Ho Tung station building and the first two Kt. the Hon. Sir Shouson Chow boilers with the necessary coal and Kt.. Mr. T. E. Pearce, Mr. B. D. ash handling plant and storage. F. Beith and Mr. J. P. Warren bunkers were erected and placed in (Directors) and Mr. F. R. Marsh commission during the year. A (Minnager). Shareholders were re- 10,000 Kilowatt turbo-generator has presented by Messrs. A. N. Lucey, been ordered for delivery during Tong Kim Kwong, Ho Tung Shum, 1020 and is now in an advanced Paul Lauder representing the stage of construction at the makers Union Insurance Society of Can- works. We have made provision in ton, Ltd.. Tong Hin Pong. Lo Yuk the new building for the accom- Tong. Fung Kong Un, Leung Yan modation of a further turbo- Po, Ip Fook, A. Stevenson. O generator and six additional Kitchell, L. J. Davies, Leung Fat-Boilers, which should enable us to tin. J. M. Alves, M. M. Maas, F. handle domble the present load be- L. Brown, O.. F. Ribeiro, Wong fore any further building ex- Ping Sun, La Chung Kue. L. E. tensions become necessary.
We Ozorio, O. Baptista, Chua Seng have built and equipped a new Choo, Sui Suk Lum, F. M. Ellis, sub-station at Victoria Gap-and Wong Hing Kwang, and P. C. have laid, in various parts of the Potts. Representatives of the Island, 19 miles of high and low Press, China Mail, Hong Kong tension cables including two new Telegraph, South China Morning feeders from North Point to the Pest and Daily Press.
centre of the town. The capital expenditure on Buildings, Plant and Mains in connection with these works has been 8778,558.
CHAIRMAN'S SPEECH.
We have moved the Showroom and the Meter Department to No.
The Chairman said: The nett profit after providing $450,564 for depreciation 112, Des Voeux Road and find this. $1.703,553.50 and with the sum of $57,425.58" brought forward from last account we have $3,761,279.36 for appropriation and with this we propose:-
To pay a dividend of
$2.50 per share an a 300,000 old shares ab- sorbing
To pay a dividend of 81.25 per share on 150,000 new shares ab- ,sorbing
To place to reserve ........... To carry forward to next
account
"
.9750,000.00
187,300.00 720,647.07
07.131.00 The dividend on old shares is the same as that for the four preced ing years, and the amount placed Teserve brings this upto $2,800,000.00.
to
to
Your authority to increase the capital of the Company to six million dollars was obtained at an extraordinary general meeting held on March 16, and confirmed on April 2 At the same time your Directors were authorized capitalize one and a half millions of the profits standing to the credit of reserve and to issue bonus shares to Shareholders on the register at July 1 in the proportion of one share to each two existing shares, These new shares have been duly issued and the dividend of $1.25 now proposed is in respect of the six months ended December 31, 1928, from which date the new shares rank equally in respect with the old shares.
Increased Output.
every
a convenient change of premises.
Our plant has been maintained in good order during the year and we have been free from industrial troubles and damage by storms.
Reduction in Charge for Power
Units, 2
Towards the end of the year your Directora decided to make a reduction in the charge for elec tricity supplied for power and as you will have seen from recent ad- vertisements the rate for three phase and single phase mactors has been reduced to 5 cents per unit as from January the first last. Con- sumers will benefit to the extent of 800,000 or more per annum by the reduction, and we trust it will lead to further expansion of this part of our businesses
At the same time we have offered
who consumers are willing to install standard connecting plugs & reduction in the price of current for domestic heating and power from 7 cents to. 5 cents per unit.
Satisfactory service cannot be obtained from domestic beating and power appliances unless suit- able provision is made in the house wiring and we hope that con- sumers will install standard plugs which will shortly be available and take advantage of the reduced price.
I think we can lock on 1029 as a satisfactory year. and I take this opportunity of recording the Direc tors appreciation of the services rendered by the staff, and work
men.
J
Nothing further I think calls for The output for 1029 was
comment, and I now propose that just under 31 million units, the Report and Statement of de an increase of 3-1/3 million units counts for the year ended December over the previous year, and you 31, 1928, he adopted and when this will notice that the profit on work has been seconded I shall be pleas ing is $225,000.00 "more than lasted to answer any questions you year, The number of consumers may desire to ask. has increased by 1,300 during the period under review.
In the Profit and Loss Account this year we have divided the old item of Rents and Taxes and the Interest On Deposits has been separated from the General In- terest. Bad Debts I am glad to Bay show a considerable reduction on last year,
MR. PAUL LAUDER. Mr. Lauder in seconding the proposal said:--
Let The World's Greatest Coloratura. Soprano
1144
1167
1174
Sing To You In Your Own Home,
ORTHOPHONIC
VICTOR
RECORDS
BY
AMELITA GALLI-CURĊI
Sometime (Hahn-Florito)
Dreamin' Time (De Longpré-Strickland)
Carceleras (Prison Song) (Chapi)*
Serenata (Cesareo-Tosti)
f Dinorah-Ombru leggiera-Part 1 (Meyerbeer)*
Dinorah-Ombra leggiers-Part 2 (Meyorbeer)
2194 { Lend Kindly Light (Newman-Dykes) Abide with Me (Lyte-Monk-Samuels)
Parla Valse (Arditi)"
1267 The Gypay and the Bird (Oxenford-Benedict)
La Capiners (The Wren) (J. Renedict)
La Paloma (The Dove) (Yradier)
Home Sweet Home (Payne-Bishop)
1339
{
1335
Last Rose
of Summer
(Moore)
Proch's Air and Variations
(Proch)
6784
Zemire et Azor-La Fauvetto.
(The Warbler)
6080
Traviata-Imponete (Verdi)
10012
(Gretry)
(with Giuseppe De Luca)
Traviata-Dite alla Giovine (Verdi) (with De Luca)
Lucis-Sextette (Donizetti) with Homer-Gigli-De Luca-Pinza and Eada Rigoletto-Quartet (Verdi) with Homer-Gigli and De Luca:
* Included in MME. GALLICUROI'S Recital at
the QUEEN'S TREATRE ON MARCH 25th.
& CO.,
S. MOUTRIE & CO., LTD.
*HEALTH BULLETIN OF
EASTERN PORTS.
The health bulletin of Eastern ports for the week ending. March 16 states:-
Plague.
Baghdad: 4 cases. Bassein: death. Bombay: 1 death. Cheribon: 1 case, 1 death. From Penh 3 cases, 3 deaths.
Cholera.
Bassein 1 death. Calcutta: 56 deaths, Moulmein: death. Rangoon: deatha. Bangkok: 10 cases, 7 deaths. Saigon 2 cases.
Small-pox. ~
Aden: 1 case. Basrah: 2 cases. Bombay: 143 cases, 58 deaths, Caleutta: 35 cases, 24 deaths., Karachi: 43 cases, 14 deaths. Madras: 9 cases, 11 deaths." Moulmein: 5 cases, 2 deaths. Negapatam: 4 €3508. Rangoon: 3 cases, 1 death. Vizagipatam: 10 cases, 1 death. Balik Papas: 1 case. Belawan Deli: 9 cases, 1 death. Padang: I case.
Samarinda: 3 case. Haiphong 1 case, 1 death. Pnom Penh: 13 cases, 5 deaths. Shanghai: 3 deaths. Canton: 9 cases, 3 deaths. Macao: 6 deaths.
CINEMA NEWS.. "SKIRTS SHOWING AGAIN AT QUEEN'S.
(Victor Distributors) CHATER ROAD.
SQUEEZE FROM A HAWKER.
CHINESE CONSTABLE.
CHARGED.
A Chinese constable was before Mr. T. S. Whyte.Smith at the Bos- loon Magistracy yesterday after
Doon
CENTRAL COURT CAMEOS.
[BY HUMANIST."]
. Small boys at home in Engländ frequently take great delight in
On a charge demanding knocking at doors of houses and Mr. L. 8. decamping under the cover of dark-
squeeze with menaces.
H. Calthrop, A.S.F., Kowloon process 'ere the irate householders secuted and Mr. J. T. Prior appear can catch them.
This estimable
ed on behalf of the defendant. game, which is almost an English Outlining the case for the pro-national pastime, is termed "knock. secution Mr. Calthrop said that ing down ginger."
Here in Hong Kong, elderly "grandmas of 70, or thereabouts, are evidently keen devotees" of the
a: 11 a. on March 13, Sergenot J. Mason, of the Royal Naval Yard police, W48 looking over the verandah of his residence at No. T Jordan Road, Kowloon The versport. One short old Chinese lady andah overlooked Woosung Street in very long and baggy trousers, was summoned for annoying a and Sergeant Mason say a con- stable, a man and a woman in cor- neighbour by banging at the door hawker stall. of the next house and running versation beside a He could see that the constable's away. She denied the allegation number was 288. The man put his but further evidence convinced the Court that the old lady had annoy hand in his pocket and harded the constable some silver coins. Before ed other law-abiding Chinese house- teking the money the constable holders in the same manner. looked up and down the street. So, the grandma" who "knock Sergeant Mason also noticed the ed down Ginger" was "knocked hawker take out a small note book down" for dollar fine by the and make an entry in it. The con- Magistrate. stable then moved away.
to
Sergeant Mason weat the Ah Chim posseses a powerful Taumati Police Station and made Buick car. It is probably capable a report of what he had seen. In of speeding at 60 miles per hour. company with Detective Sergeant A modest youth, Ah Chim was con Meadows he went to Temple Street tent to crawl along at io. where he pointed out the constable and took the police. officer to the he did his crawling in Des Yeux Unfortunately for him, however,
Road and 20 Indian constable escaped being knocked down by a hairsbreadth.
hawker's. stand.
The writing in the note book Skirts, Syd. Chaplin's comedy, will be shown again at the Queen's contained a rough entry of having on Tuesday next, for one day only. paid out 30 cents. The constable It deals in: amusing fashion with also had a note book, which showed the troubles of a man (Chaplin) another entry of having received 30 in search of diversion during his cent wife's absence from town. Nancy enquired as to the nature of the In answer to the Magistrate who Rigg as the wife, and Ennic Esmond, as an irate mother-in-law, menaces, Mr. Caltrop said that the constable threatened the hawker both provide entertainment.
The picture was made entirely that if he did not pay up he would in England, and is played by an strike him and arrest him for ob all-English supporting cast headed structing. by Betty Balfour.
future requirements, and I am sure the same will not only be beneficial
I heartily congratulate you, Mr. Chairman, your fellow Directors and the Company's Staff on the excellent result of the year's work- ing and think that all shareholders to the Company's shareholders but
to the public generally. will be satisfied with the proposed" It gives me very much pleasure appropriation of the profits. to second the adoption of the Re- port and Statement of Accounts as presented.
The report and accounts were unanimously adopted..
Wanchal Property You will remember that in April, 1 am glad, to learn that à settle- 1023 we agreed to sell the old Wan- ment has been reached in the mist chai property and machinery. By ter of our old Wanchai proporty,. the terms of the Agreement for and hope that with a little more Sale we arranged to accept a patience we shall be able to dispose Mortgage on the property for part of this at a figure which will not
.
Other Business.
The other business conducted by
of the purchase price. The matter be unsatisfactory to the Company the meeting was the confirmation was not completed forthwith, as The reduction in the price of cur-
the purchaser was in negotiation rent sold for motors and domestic of the election to the board of with other parties. Unforinnately, heating and power should lead to directors of the Hon. Mr. B. D. F. whilst the negotiations were still an increased demand, and will Beith and Mr. J. P. Warren in in progress the strike of 1925 broke benefit consumers to an appreciable out and the purchaser made default extent.
contract.
the place of the Hon. Mr. D. G.
M. Bernard and Mr. T. G. Weall, resigned, and the re-election of the Hon. Sir Shou Son Chow and Mr. T. E. Fearoc.
seconded by Mr. Leung Yan Po and carried unanimously.
Evidence was given by Sergeant
Ab Chim smiled sadly as he paid his $15 fine and wondered what would have been the penalty had
the car been “all out,'
The interpreter was a trifle ner.. vous and decidedly "mixed."..
"Ask the defendant what is his occupation, demanded Major Will.
BOD,"
Joseph Mason of the Royal Naval In voluble Chinese, the inter- Yard Police who told the Magis preter passed on the Magistrate's rate what he had seen in the street. question. As quickly the defendent The hawker and his wife were replied. The interpreter nodded also called and said that the con- his head understandingly and turn. stable had asked for 30 cents. Ated to the Magistrate with a ner." first, the hawker refused but the vous grio... constable, threatened him with ar- "He keeps worshipa, Your rest and he handed over the money, | Chicken," be said in a meek tone
The case was adjourned until, of voice, Wednesday at 11:30 am.
His Worship never smiled.
TO-DAY'S WIRELESS
PROGRAMME:
BROADCAST BY Z.B.W. ON 360 METRES
***She damaged my cratch," de clared an elderly amah, through the interpreter, in an assault case.
"That was not a nice thing to do, commented Mr. Hamilton."
How did sho (^) that ?" "She insulted me by calling my mother a fat green pig," replied the complainant.
148 p.m.-Weather report. 5.30 to 6.30 p.m.-Programme of Chinese music. (Victar recorda sup-
"But what has that to do with 7-18 p.m.-Evening weather re
Magistrate, "How did she damage port.
it *** 8p.m.Evening programme. (Victor records supplied by Messrs. S. Moutris & Co.).
in payment of interest and Crown I believe that the general opinion Rent and failed to perform his of the Public of this Colony and Protracted negotiations also of our shareholders is that this were carried out with him, but. Company is most efficiently manag Proposed by Mr. A. Stevenson, Tplied by Messrs. Music World Co the crutch ?" asked the puzzled these resulted in a deadlock anded and I think its reputation has the property remained derelict been built on sound foundations Last year the Government re-enter and is thoroughly well deserved. ed on the land under the terms of I view with satisfaction the de the Crown Leasté, tad subsequent velopments that have been made in ly new Leases were on terms recent years to meet present and granted to the Company.
(Continued on next Column).
The re-election of Mesers. Linstead and Davis as Auditors.
Proposed by Mr. Fung Kong Un, seconded by Mr. L. Davies and carried unanimously.
10.10 p.m.-News bulletin. 10.30 p.m.-Close down,
The complainant, smiled sadly.
I had my crutch in.. my hand and I hit her on the head with it,' she explained.