MASON'S DELICIOUS
OK.
SAUGE.
Hongkong Daily Press.
ESTABLISHED 1857.
Registered as a Newspaper at the General Post Office in the United Kingdom,
No. 22,090
虢陰九歴祌式萬弍第
BATA**EZ HONG KONG, TUESDAY, MAY 7, 1929.
弍拜酸
TUNDICE TANKS
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3 Size:-Earge
Small
***
Running Board for Car
И
14
M
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$55.00 3/4 EVERY bötte becomes and remains ice-cold for 24 hours.
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TEL. 'C. 175,.
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13
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IMPERIAL CHEMICAL INDUSTRIES
AND MERGER BENEFIT.
SUBSTANTIAL PROGRESS MADE DURING 1928.
DYESTUFFS AND FERTILISER" DISCOVERIES.
MORE DEMANDS FOR CAUSTIC SODA AND CHLORINE.
The report of the directors of Im- perial Chemical Industries, Ltd., for 1995 contains much more than the usual summary of financial re- sulte. Below we abstract some of the points which the directors make in connection with the activities of the company and its subsidiaries.
In spite of depression in certain sections of industry the volume of the company's trade shows substan tial progress compared with 192
are few important trades which are not served in spine way by one or other of the company's products, and this diversity of ap plication provides in the company's total output a Lair index of the general trade of the country,
There
Fertilisers
New Dyes.
..
Dyestuffs Satisfactory progress is being minds both technically and commercially, and several import
ant additions have been made to
Limited, no longer and more suitable fertilisers and } kdustries,
other hand the liquidation of the better service than he has had in served any useful purpose. On the the past..
former company will simplify the haancial structure of the merger. The value of the assets received by in the liquidation exceeded by a Imperial Chemical Industries, Ltd.,
the shares in Nobel Industries. the range of colours produced asiderable sum the book value of The British Dyestuffs Corporation Limited, held by this company. has made substantial reduction in Oat of the surplus provision has priots representing a considerable been made for (a) writing off the present sperice, but justifiable as value of certain factories which will tending to place this side of the be replaced in the near future by business on a more healthy basis and at the same time giving assist-new and more eficient units, and certiin other contingencies; (b) anos to dye users.
Tinance,
The
ex
$139
Metal goods: Volume of businessriting off the whole of the pre shows a gratifying expansion. Unliminary expenses of £1,260,933
and (e) establishing the central fication of control of subsidiary Heavy Chemicals. Economies effected by the merger metal companies is practically com- obsolescence fund referred to by Of the remaining have been reflected in the lower plete and is already showing savediting that turd with £9.500,00 balance £2,308,916 has been carried prices at which the company has ings of no mean weder in overhead anders. been enabled to market some of its charges Larger schemes involving to capital reserve and £1,000,000 to father concentration and modern- more important products.
under con free reserve.
Investments. Heavy Chemicals: On the am-isation of plast arc side SU extensive aideration. monia soda
New Overseas Associations: The com-
Companies. The Finance modernisation programme has been
the principal Company of Great Britain and practically completed. The in-pany's interests in creased production of artificial silk Dominions are, without exception, America, Limited, in which this Offices company has a half interest, has has resulted in a demand for more progressing satisfactorily. Caustic soda and chlorine, and ad- have been opened in Egypt and in achieved antisfactory resuits. ditional plant has been brought Palestine, and in South America aegotiations commented in 1997 to into operation Consideration is the existing organisations have acquire the businesses of Elliotts being given to the reorganisation been strengthened by the formation Metal Company, Limited, and Bi- of the Company's sulphuric acid of selling companies on the Rivat tish Copper Manufacturers, Limited, aufacture. A plant to manufac Plate, in Brazil, in Chile, and in were completed during the year under review. Practically the whole ture cement and sulphuric acid Peru.
of the share capital of these com- from anhydrite is in course of con- struction. Early in 1929 & plast
Finance Issued Capital: At the panies is now held by Imperial for the manufacture of methano! date of the last balance-sheet the Chemical Industries, Limited The from water gas was started up: total nominal capital issued or cou. Weisbach Light Company, Limited, while a plant for the production of tracted to be issued amounted to the Tees Salt Company, Limited,
£35,109,840. acetic acid is well advanced.
During the year für and interests in certain other com ther capital totalling £7,575,812 was paries were also acquired by ex- Explosives: Sales of blasting ex-issued, and net premiums received change of shares.
The total of Capital Expenditure.-The £1,918,315. plosives continue to be satisfactory, were
now standing to the penditure on capital account although home sales are affected by £9,029,781 the continued depression in the credit of share premium account respect of additions to factories, coal industry..
has been carried to capital reserve etc., amounts to approximately Central Obsolescence Fund: It £8,000,000, while the extensions and Fertilisers: The first of the large units at Billingham was completed has been decided to establish additions now in progress will cali carly in 1929, the second will be central obsolescence fund in place for the expenditure of further sub- started up shortly, and the third of the individual funds hitherto stantial sums during 1993 and 1930. should be completed by the end of maintained by the various subsidi On the investment side of the 1929. Upwards of a quarter of a ary companies. In future no separ capital account of the company and million tons of nitrogen products ate provision for obsolescence will its subsidiary companies there have were made during 1928, and were normally be made in the accounts also. been important developments, introduced on the market, mainly of these companies, but any funds apart from the acquisition of the new subsidiary companies dealt as sulphate of ammonia. There is required by any subsidiary com now being provided a new fertiliser,pany for the replacement of ohio with above. Expenditure for these which "nitro chalk, which supplies amlete plant will be furnished by the purposes during 1999 amounted to monia in both the nitric and the main company out of this new fund approximately 2,300,000, ammoniacal forms, thus combining The central checlescence fund will was met by the realisation of mar
be added to and drawn upon retable investments. These quick action wth lasting effect
it ia confidentially investments; Nitro cha" has been avail-future years as occasion demands, able in bulk since the beginning of The fund has been instituted by anticipated, will facilitate the de 1009, and is being received with placing to its credit £2,500,000 out favour: both at home and abroad. of the surplus on the liquidation of velopment of the company's inter
Investments Investment: in Nobel Industries, Limited, to which The greater portion of the
the balance sheet at a creased production of nitrogen has has been added £308,138 out of the heen sold overseas, and notable profits of the company for 1925, shown on
value of £68,498,933, or an increase of £9,689.233 compared with the progress has been made in the Far making a total of £3,000,138.
At home East. especially in China.
Nobel Liquidation.
value at December 31, 1997. The the reduction of crable acreage has
Nobel Industries. Limited: Dur investments are shown at cost ex- curtailed the market for nitrogen-: ous fertilisers in that direction, but ing the year Nobel Industries, L. cept in so far as the investments the increasing popularity of the one of the four original companies in companies in the Nobel group intensive system of grassland man-which came together to form in were revalued for the purpose of agement has enabled the total con-perial Chemical Industries, Limited, the liquidation of Nobel Industries, went into cluntary liquidation Limited. The balance of the in sumption to be maintained.
In Scotland the formation of As a company holding only invest crease in the value of investments Scottish Agricultural Industries, ments the separate existence of is due to the acquisition of shares Limited, will, it is anticipated, en-Nobel Industries, Limited, after the in new subsidiary companies and
of Imperial Chemien other industrial, concerns. able the farmer to obtain cheaper formation
lests.
T
Diary of Coming Events.
To-day.
(May 7.)
Shanghai Races, 2nd day. HK. Auxiliary of the British and Foraign Bible Society meeting, Helena May "Institute, 4.30 p.m.
Sonata Recital Local Composers, City Hall, 9.15 p.m.
Queen's Theatre: "Ladies Must Dress.
World Theatre: "The Chorus Lady," 5.13 end 9.15; Chinese Pic ture The Girl General," 2.30 and 7.15.; and Chinese Magicians at all
houses.
Star Theatre:
"The
Awful
Truth."
Tea Dances: HK. Hotel and Peninsula Hotel" 4.30 p.m
Dinner Dance: Peninsula Hotel,
6.30 p.m
European Mail-Outward: Europe vid Marseilles (Athos II.), 1.20 p.m.; Europe "vit Siberia (Sphinx), 1 p.m.
Wednesday. (May 3. Shanghai Races, 3rd day... Queen's Theatre: "Ladies Must Dress."
41
The Chorus World Theatre: Lady," 5.15 and 815; Chinese Pic ture" The Girl General," 2.30 and 7.15; and Chinese Magicians at all Avful houses.
Star Theatre! Truth."
"The
Tea Dance: H.K. Hotel and Peninsula, Hotel, 4.30 p.m.
Dinner Dance: Peninsula Hotel;
8.30 p.
Thursday. (May 9.) Ascension Day. China Underwriters, Ltd., oth) annual general meeting, Messrs. Showan Tomes Board Room, noon. "The Crowd," Queen's Theatre: World Theatre: "The Thief of Bagdad.”
Star Theatre: "Lights of Old Broadway."
་།
'ne
аге
Tea Dances: H.K. Hotel and Peninsula Hotel, 4.30 p.m.
Dinner Danch: Peatasala Hotel, 8.30 p.m.
日月伍年九廿百九仟管英
European Maila: Inward: Europe via Siberia (Hague Maru): Europe vid Suez (Delta). Out- ward: Europe vid Siberia (Delta),. Friday, 2.30 p.m.
(May 10.)
Christian Fellowship Meeting, Helena May Institute, 10.30. a.m
Union Church Hall, jumble sale, 2:30 p.m.
H.K.V.D.F. Smoking" Concert and Dinner.
Queen's Theatre: "The Crowd." World Theatre: "The Thief of Bagdad.".
Star Theatre: "Lights of Old Broadway."
Tea Dances: HK Hotel and Peninsula Hotel, 4.30 p.m.
Dinner Dance: Peninsula Hotel, 8.30 p.m.
THE
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18
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