TO OPEN
Remove capene
raise here and
push upwards
Haig
TO CLOSE.. Replace and purd lever down
NEW BOTTLE SEAL
(NO CORKSCREW)
QUICK® - CLEAN
SAFE
Nobody can put better Whisky into any bottle than that which goes into the Haig bottle.
SOLE AGENTS:*---
Doctors are using it
Judges are using it "Sufferers from acidity
find it preferable to
any other stimulant
5721
GANDE, PRICE & CO., LTD.
TEL. C. 135.
HONG KONG.
Choose Glaxo for your Baby
Your Baby's future health depends on your choice of his food. You must choose the food you know is best, for you dare not endanger your Baby's progress by experimenting. Be guided by the experience of the great number of doctors, nurses and mothers who choose rightly by choosing the best food they know -Glaxo.
Choose Glaxo for your Baby now! And be free. for ever from any anxiety as to Baby's steady progress towards healthy, strong-limbed merry. hearted childhood.
Ask your Doctor!
glazo
The Vitami Mix-Food
"Builds Bonnie Babies”
When Baby in
6 months old
or when he cuts
his first tooth, add
a little Glaxo Malted
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W.
LOXLEY
9LE AGENTS
4
BALLANTINE'S
in use for almost 100 years.
ESTABLISHED 1897.
By Appointment to
H.M. The Late Queen Victoria
and
B.M. The Late King Edward VIL
His Majesty King George V.
PURE SCOTCH LIQUEUR WHISKY
10 years old..
GEORGE BALLANTINE & SON, LTD. GLASGOW AND LONDON. DISTILLED IN SCOTLAND
If you want a really first class Scotch Whisky at a reasonable price, have no better than Ballantine's Liqueur, Whisky It is excellent.
you can
The French Store Beaconsfield Arcade.
CHURCH NOTICES. FIRST CHURCH OF CHRIST,
SCIENTIST.
(Branch of The Mother. Church, The First Church of Christ, Scientist, in Boston,
Mara, U.S.A.)* MACDONNELL ROAD, KKLOW BOWEN BOAD TEAM STATION. BURDAT SERVICE, March 31, 1929, at
11.15.1.
Subject "RZALITY."
THE HONG KONG DAILY PRESS FRIDAY, MARCH 29, 1929. “
Money and Markets
A. S. WATSON, LTD.
SUCCESSFUL YEAR,
AN INCREASED DIVIDEND.
TRIBUTE TO THE LATE MR
H. P. WHITE.
HONG KONG SHARE MARKET
"MORE CHEERFULNESS." MESSRS. BENJAMIN & POTTS WEEKLY REPORT.
Potts'
Messrs. Benjamin and weekly share report states:
There has been more cheerfulness in the local market during the The 44th Annual Ordinary Gen-period under review, following an eral Meeting of Messrs. A. S. improved demand for several coun- Watson & Co., Ltd., was held in ters and this has resulted in the the Hong Kong Hotel yesterday transaction of a
fair volume of forenoon. Mr. Henry Humphreys
business. Frices, on the whole, occupied tho chair and was sup
have not been affected to any extent ported by the Hon. Sir Shou-sou and with the exception of Hong Chow, Mr. R. E. Coxon, Mr. J.Kong Electrics and China Lights, Scott Harston (directors) and Mr.
which mark a rise, there is little J. A Tarrant (secretary).
change on the week.
Shareholders present were Mr.hai Banks were agaid negotiated Banks-Hong Kong and Shang W. S. Bailey, Mr. F. W. Stapleton. at $1.243/1.250. The latest cabled Mr. P. Wong, Mr. D. E. Clarke quotation from London is £131 Mr. J. D. Humphreys, Mr. J. M. Alves, Mr. A. Kitchell, Mr. G. A.
sellers. Lawrence, Mr. D. Wilson, and r J. M. Wong...
+1
Marine & Fire Insurances :- Unions were dealt in at 8384 and $385, and.close"with buyers at 8353. There are enquiries for Cantons at $695, China Fires at 8990 and Hong Kong Fires at 8752 ex the dividend of 843 just paid, but no
CHAIRMAN'S SPEECH. Addressing the meeting, Chairman said: Gentlemen.-Be-abares are available.
the fore proceeding with the business of the meeting, I would like to
Shipping:Hong Kong, Canton place on record the deep regre away to 820. Douglas Steamships and Macao Steamboats have fallen your geceral managers and Direc stand at a nominal quotation of torn feel at the loss of Mr. H. PS36. Tugs and Lighters have re- White, who was associated with the mained steady at 82.40. Company from April 1804 until bis Docks, Wharves & Godowns. death, and who at all times render-China Providents have buyers at ed very good service to it.
P4.25 after transactions at this The report and statement of Fite. Kowloon Wharves are on accounta and auditora' report offer at $126, and Whampoa Docks having been in your hands for the at 837. Shanghai Docks at Tls. past eight days. I propose with 117 and New Engineerings at Tls. your permission to take them as
4.85 were placed at quotations. read.
Extra Fer Cent. Dividend." The accounts for the Snancial year ending October 31, 1928, though not so good as we had hoped, show an improvement on the previous twelve months, which in turn was an improvement on the year before that. I do not doubt you will appreciate the extra one per ceat. in the dividend.
Lands. Hotels & Buildings:- Hong Kong and Shanghai Hotels were realised again at $9.10. Humphreys Estates were taken off the market at 8143. Hong Kong Lands are a shade easier and were sold at 283). Shanghai Lands are unchanged with buyers at Tik. 1884.
Public Utilities:A strong and sustained demand for Hong Kong Start Provident Fund.
Electrics has again lifted the price This year we have made no
materially, and after a fair busi- appropriations either to the Euro dividend of 82.50 just paid, the
ness done at 854) up to 880 ex the. pean Staff Provident Fund or the Chinese Staff Superannuation China Lights have also been con- market closes with buyers at 3581. Fund. As regards the former, I made the following statement at proving prices up to 14.10. It is siderably dealt in at gradually im- our Annual Meeting of stare rumoured that an amalgamation of holders on March 12, 1923-"I trust you will approve of the pro under negotiation.
the two Electric Companies is posed appropriations. for the Staff Trams have remained steady and Hong Kong Provident Fund and Chinese. Staff deals were made in them at 818/18). Superannuation Fund. You are familiar with the Staff Provident Star Ferries changed hands at Fund and the disposition of appro. $12 and probably a little more $681. Peak Trams have buyers at priations to same. It will be necessary to give contributions to would be paid. China Buses closed this Fund for a few more years, appreciably higher at Tla 134. until such time at least, as the fund is big enough to allow the senior members of the staff with over thirty years of service to retire with enough to live upon if
they so desire."
Most of the senior members have either died or retired, and the few that remain have substan- tial sums to their credit in their Provident Fund Account. We therefore do not propose to ask for any special contributions, in future, from shareholders, but this will not mean, of course, that we shall not continue the half yearly contributions equal to 5 per cent. of the salaries of our staff to which the stif likewise contribute 5 per cent of their salaries.
Industrials:- Green Island Cemente (Combined) are enquired changed with buyers at $20. for at 86.55: Malabons are un
he placed at 92.
Oils and Mining:-Benguets can Kailans have receded to 63/9.
through at the outset at Tis. 12.85 Cotton Mills:-Ewos were put but have since eased off to Tis. 12. Shanghai Cottons are unchanged. tinue in request at 814.
Miscellaneous: Watson's
London to-day is 1/11 and on Exchange:-The TT rate On Shanghai 181.
con-
9, May 28, and June 25, 1929,
Forward Settlement Days:-April
paat
As regards the Chinese Staff that the Company has continued to It is very satisfactory to note Superannuation Fund, there is an amount to credit of that Account the very adverse conditions of the pay dividends regularly in spite of of $23,306.89, which we estimate past few years, and now pays an will be sufficient for at least five increased dividend for the years to come, as during the pre- year. The "accounts appear to re ceding six years, we have only dis- fect credit upon the management bursed $10,350.7% properties with the exception of
Turning to the accounts, our will no doubt continue to improve and working of the business which the Pak Hin Hok Factory, Honam trade conditions become more Island, stand at the same figure as seconding the adoption of the re- last year.
I have much pleasure in The increase in that item representa final payments to
port and statement of accounts as complete the factory and dwelling presented." house.
normal
The re-election of the Board of You will have noticed we have Harston, the Hon. Sir Shou-ton Directors consisting of Mr. J. Scott transferred from Contingency Ac Chow and Mr. R. E. Coxon, was count to Prost and Loss Account proposed by Mr. Henry Humphreys $12,908,78. In 1928, $20,000 was allocated to Contingency Account and seconded by Mr. J M Alves.
Mr. C. Bernard Brown, A.C.A.,
The Sunday School is held on Sunday to provide for loss on a very bad and Mr. S. T. Butlin, A.C.A., were Mornings at.0 o'clock.
P
Wednesday Evening Meeting at 5.30
Reading Boom at abors addreas, open Today and Friday, 10 am to 12 Neen. Monday and Thursday, 3 to 7 pm.
The Public in cordially invited to attend the services and visit the Reading Room.
[37
Manch 29, 1929
ST. ANDREW'S CHURCH, KOWLOON. Good Friday, 11.00am- Morning Prayer and
Litany 6.00 p.m. Evensong Prayer and
Sermen, Preacher Rev. U. B. Shaan, MA, MARCH 31, 7.15 m.
Easter Day.
Bérzaan.*
8.15 Holy Communion. 11.00 Morsing Prayer and 19.15 p.m.Holy Communion.
3.00 p.m.-Hervice for Children and
Young People
6.00 pm.Evening Prayer and
Sermon Preacher at Morning and Evening
Service will be the Vicar,
shipment of Aerated Water bottles re-elected auditors at a remunera. from the Dominion Glass Company tion of $750 a year each, on the of Canada; the balance of $12,008.78 has been transferred to Profit and Propel of Mr. F. W. Stapleton, Loss Account as the losses for which seconded by Mr. J. D. Humphreys. this fand was created have already
The meeting then terminated. been borne by that Account.
Other items in the accounts 'do not appear to call for any special comment.
$50,000 to Reserve..
HOW TO GET RID OF INDIGESTION.
I trust you will approve of the tion, gastritis, acidity, flatulence, Those who suffer from indiges- transfer of $50,000 to Reserve $600,000 or half the issued capital can be obtained by taking half a Fund, which will now stand at glad to learn that instant relief dyspepsis, heartburn, etc., will be of the Company.
I have no further remarks to teaspoonful of Bisurated Mag- make, Gentlemen, and I now pro-
Desis powder or two or three pose the adoption of the Beport tablets in a little water immediate and Statement of Accounts as preis felt: Thia instantly neatralises ly after eating or whenever pain sented. After these have been the acid that causes all the trouble, duly seconded, I shall be pleased. to answer any question in relation stops the fermentation, heals and thereto to the best of my ability
soothes the inflamed stomach lining, and restores painless, normal diges- Magnesia of your chemist to-day; tion. Get a package of 'Bianrated' use as directed, and you will soon. be telling your friends how you got rid of indigestion.
Tribute from a Shareholder. In seconding the adoption of the report and statement of accounts, Mr. W. S. Bailey said;
(Continued en next Column).
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The Hongkong Electric Co.
07
The General Electric Co. of Ching, Lt
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