For
Evening Wear
The easy distinction of correct evening wear is not attained by accident. It is the result of a careful "co-ordination of details into, a per- fect harmony of style, material and. fit
a harmony which the
Mackintosh's Evening Wear Ser- vice makes it a simple matter to achieve.
Summit Dress Collars - 1930' smartest shapes. Quarter sizes.
Summit Dress Shirts-Cut coat style,
New ideas in the latest fabrics.
Dress Ties-d correct length for every
ar aire. New shapes in new inatèrials,
Dress Waistcoats
-
Distinguished
shapes for 1830 in many fittings,
Silk Socks-Plain or with Cloz.
Evening Underwear,
Wraps,
Braces, Jewellery, Evening Shoes.
Mackintosh's
A long pull a steady pull all together?
AMSTEL BEER
AGENTS:-
H. RUTTONJEE & SON, 15, QUEEN'S ROAD CENTRAL
WHITEAWAYS
MEN'S OUTFITTING DEPT. SPORTS WEAR
Blaker's off
Fla
users
BLUE BLAZERS Made from. Medium Weight Cloth well cut and tailored. Ready to
wear.
Bizes: 32 to 40. ·
PRICE: $10.50
FLANNEL TROUSERS Well cut and made. All Sizes ready made in White, Grey and Sand.
50 $17.50 to $22.5 PAI
SPORTS SHIRTS White Twill and Taffeta Tennis Shirts with Open or Closed Neck:
$3.95 to $6.5
CALL AND INSPECT.
50
WHITEAWAY LAIDLAW & CO. LTD
HONG KONG
THE HONG KONG DAILY PRESS, WEDNESDAY, JANUARY 1, -1930.-
SNAPSHOTS OF A BABY AND HIS BOTTLE
SUMAS VORLEANS
TAKES A PULL AT HIS BOTTLE. DOESN'T FEEL SO HUNGRY.
BOTTLE SUDDENLY DIS- APPEARS FROM VIEW.
FINALLY GETS BOTTLE OUT, BUT GIVES HIMSELF A CRACK ON THE NOSE WITH IT.
Dis
TAKES IT OUT OF MOUTH, SHAKES IT AND TALKS TO ST
ROLLS AROUND LOOKING FOR IT, FINALLY LOCATING IT UNDER HIM.
By GLUYAS WILLIAMS
DECIDES TO PLAY WITH IT, 'BRINGS HIS FEET INTO ACTION.
24
HAS QUITE A JOB EX- TRACTING IT.
IS MAD ENOUGH TO THROW IT OVERBOARD BUT REALIZES HE'S BEGINNING TO FEEL HUNGRY.
DECIDES TO LET BY- GONES BE BYGONES, AND SETTLES TO HIS MEAL. Copyright, 1929, by The Bell Syndicate, Inc.) · (2-5|
PROFITS INCREASE BY 60 PER CENT
SATISFACTORY POSITION OF SANDAKAN LIGHT & POWER CO.
BOARD OF DIRECTORS TO BE APPOINTED.
At the annual meeting of shareholders of the Sandakan Light and Power Co. (1992). Mr. R. G. Shewan, who was in the chair, was able to announce that the profit on Working Account was close or, $50,000, an increase of parly 60 per cent. on, the previous" year. The position was very satisfactory and the Chairman hoped next year to see the $82,000 it debit of general profit and loss account considerably reduced.
At a subsequent extraordinary general meeting. new Articles of Association were approved providing for a Board of Directors in place of the Consulting Committee, and in ether ways making a constitution of the Company more up-to-date,” “
CHAIRMAN'S REVIEW OF THE YEAR'S WORKING.
Addressing the shareholders, Mr. | Our Manager reports that during Shewan said:
the year ander review new and The profit on working account-large main and auxiliary steam $47,037.70-1[ am pleased to say pipes have been erected and pint shows an increase of approximately CO per cent., despite the fact that into use, as well as the new feed the total increase of energy sold water piping. These improvements last year was only per cent. This were necessary in order to replace improvement is primarily due to a
the old piping which was getting decrease in the cost per unit too small. The plant generally has generated and to our having unde been maintained in first-class con- liberal provision for depreciation ondition, and preparations are now in stores in the previous year.
hand for the erection of the second of the double drum boilers which we purchased some time ago.
After providing for depredation on - plant, etc., amounting to $18,851.0, putting 82,577.55 to sink ing fund for replacing the est of our concession, and charging Con sulting Committee's and Aulitors' fees, loss on anics of old madinery, etc., there remains, after cediting interest (002.21), a balzire to debit of profit and loss accrunt of $10,015.99, transferred to general profit and loss account, 19 per balance sheet.
You will notice that we have de- preciated again very heavly, but our position, however, is inde all the securer by adopting this policy, The position shown by ur cash and investments is very satisfactory, and the high premium of Straits dollars is helping to improve it even more, and I trust hat next year, we shall be in position
to redute very considepbly the balance of 882,651.48 now a debit of general profit and loss acount.
Manager's Repot.
New Chimney Needed.
In last year's report I made men. tion of the fact that a sum of $1,750 was spent on the renewal of the steel chimney.
I regret, Gentle- men, to have to inform you that despite this the chimney now again wants attention. We have discover. ed that the condensation at a certain height of the flue gases. which contain salts and acida" due to the type of fuel burned in our boilers has the effect of corroding very rapidly the steel plates. In order to overcome this trouble, it will be necessary to instal a new chimney together with an induced draft fan, so that the products of combustion are blown clear of the steel stack, and any condensation that takes place will be in the nt- mosphere and not in the chimney. We estimate that this new chimney and fan will cost approximately 82,500 crected.
You will observe from the notice Our Manager at Santakan re-calling this meeting that we shall ports that the anticipated extra hold a meeting immediately follow load from the water works only ing it for the purpose of adopting fbegan to show. results the close
new Articles of Association.
of our financial year. These will, however, gradually increase as the various mains and hydrats are laid and connected up.
There is a slow but are improve- ment in the number a small con- sumers, the increase br this year being 13 per cent., beides which we have on hand appliations from
50 new customers.
Our high tension mais have been extended to the end of the Leila Itoad about a mile, to supply power to the Cowie Harbor Coal Com pany, who are prospoting the coal out-crops along the Lea Road. We understand that coal good quality has been obtained, ut ita too carly to say definitly what the ultimate results will be. In the CREATING YEARS co-perating with the Coal Company giving them a cheap supply of power at the head. ings.
I now beg to propose
That the report and accounts for the financial year ended June 30, 1029, us presented to this meet- ing be adopted and passed." Mr. Braga seconded, and the mo tion was carried' unanimously.
Consulting Committee.
Mr. A. A. Botelho proposed and Mr. J. Toppin seconded the re- election of the Hon. Mr. J. F. Braga, Mr. C. A. da Roza and Mr. S. M. Churn as members of the Consulting Committee.
This was carried unanimously. On the proposition of Mr. Tac Tean Tai, seconded by Mr. F. S. Tavers, Messrs. Lowe, Bingham & Mattheys-and-Mesir Perry-Smith Beth & Fleming were re-elected T auditors at a remuneration of E250 each for the ensuing year.
NEW ARTICLES OF ASSOCIATION.
'CHAIRMAN'S EXPLANATION.
At the extraordinary general meeting held immediately after the annual meeting Chairman said :-
As indicated in the Notice which has just been read by the Com pany's Secretary, this Meeting has been convened for the purpose of considering and, if thought fit. ap- proving the draft new Articles of Association of the Company.
With regard to the draft New Articles, should explain that it has been decided to do away with a Consulting Committee and to constitute a Board of Directors in the place thereaf To effect this. it is necessary to alter the existing Articles to provide for the requi site power to do so and to make certain changes therein which are rendered necessary consequent upon the constitution of a Directorate. Your Consulting Committee con sider that, as this alteration ajust he made for the reason already stated. a favourable opportunity presented itself of bringing the present Articles right up to date. We have therefore had new Arti
KAIPING
HOME, FACTORY
AND BUNKERS
COAL
FOR ALL PURPOSES ·
POWER
HOUSE,
TUGS &
LOCOS
THE KAILAN MINING ADMINISTRATION,
Head Office :-TIENTSIN.
DODWELL & CO., LTD., Agents, Hong Kong.
eles prepared for the Company, which have the approval of your Consulting Committee. If the new Articles are approved, they will be in line with the general and usual form of Articles now adopted by Companies in this Colony.
ויי
Prints of the existing Articles and of the draft new Articles have, as indicated in the Notice conven- ing this Meeting, been open for inspection by shareholders at the and Company's registered office. there are also copies of both exist ing and the draft new Articles on this table which, if any shareholder desires, he may inspect.
The suggested new Articles of Association are similar to the old subject to clerical alterations and rephrasing and to the following al- terations of substance, viz :-
1. Certifientes of title have to bo signed by one Director, and countersigned by the General Managers (Article 11).
2. The Directors may refuse to register a transfer without assigning any reason there- for (Article 30).
3. The representative of She- wan. Tomes & Coto he ex- oficio Director and Chair, man of the Company (Ar-.. ticle 82).
4.
+
سلام می
previously charged) (Article...
'B4).
3. The Consulting Committee cease to exist and in place. thereof a Board of Directors will be appointed (Articles
87 to 120). 6. The remuneration of the Directors is to be $2,000 per annum to be divided between them as the Directors shall determine (Article 02).
7. Provision is made for the ap- pointment, if required, of a Managing Director (Article 115)...
8. The powers of control here- tafore exercised by the Gener- al Managers will devolve up- on the Board of Directors- (Articles 119 and 120).
9. Documents requiring the Seal of the Company and Cheques shall be signed by one Diree- tor and countersigned by the General Managers, (Article 121).
10. Restriction is placed on the declaration of dividends (Article 195)...
for,
11. Dividends unclaimed
more than five years may be" forfeited to the Company (Article 138).
12. Special Arbitration powers
are given (Article 162). 13. Indemnity to Directors, etc.
(Articles 183 and 161). The Chairman then moved :--
That the regulations contain- ed in the printed document" sub- mitted to the meeting and for the purpose of identification subscrib ed by the Chairman thereof he approved and adopted as the Articles of Association of the Company in substitution for and to the exclusion of all existing Articles thereof."..
The General Managers'
mumeration is to be a com- mission of 8 per cent. on the first $100,000 and 5 per cent on any sum over the first $100,000 of the balance stand- ing to the credit of the Com- pany's working account in each financial year before charging the account with General Managers' commis- sion. The minimum amount of such commission is to be annual sum of $3,000. The General Managers' re- muneration does not include the provision of clerks or an The Chairman announced that a office (for which a sum of second, confirmatory meeting would 85.000 per annum has been | be held at 12.30 p.ni, on January 15.
An
Mr. Braga seconded and the motion was adopted.
CATHAY HOTEL
THE BUND
THE MOST MODERN
HOTEL IN CHINA.
ATHAY HOTEL
SHANGHAI
214
ROOMS AND SUITES, EACH WITH PRIVATE BATHROOM.
HOTEL
RESTAURANT
with Spring Dance Floor opening on to- the Roof Terraces.
"TOWER" a la Carte RESTAURANT on the Ninth Floor.
and
BANQUETING PRIVATE DINING ROOMS on the Tenth and Eleventh Floors.
E. CARRARD, Manager.
J
Cable ADDRESS :--
"CATHOTEL,"
SHANGHAI, ·
28
.