GLOVES.N.
Glove style changes very slowly. There is nothing new to report. Men remain conservative in their dress.
But whatever you want in gloves-deerskin, cape tan or the popular washable chamois-we have some splendid examples to interest you. They will appeal. to you not only as good gloves, but as the right price to pay for them.
MAKE HIM A PRESENT OF A PAIR FOR XMAS.
Mackintosh's
THE ASIA COAL & BRIQUETTING
* CO., LTD.
Manufacturers of Coal Ovoids or briquettes under the trade name
"Coketa," KA
A bighly efficiout fuel under boilers with or without forced draught.
A cloan fuel for household use.
A ton of Cokets" does the work of 14 tons of ordinary lump
coal--a great saving in dollars and cents.
Other advantages, two thirds Jean roke, lose work in firing, steam
raising and in ash removal.
Special prices quoted for bunkers and factories upon application.
Ask for simples immediately.
RULING CASH RETAIL PRICES FOR HOUSEHOLD:
Hong Kong-818.00 per ton ex godown. Delivery
charges extra.
Kowloon:- $18.00 per ton delivered.
For full particulare about delivery charges, please apply to the
Company's Office, China Building, 2nd floor.
The
EVERYTHING GE.C.
your guatanico
· ELECTRICAL
GECOPHONE
B.C. 3049. SCREEN GRID FOUR PORTABLE RECEIVER.
CABINET MODEL, IN SOLID; MAHOGANY. An entirely new model incorporating
the new "STORK" Loud Speaker movement, and
HIFLUX" Transformer.
PRICE COMPLETE: £26.0.0
BC 3036 SCREEN GRIÐ SHORT-
WAVE RECEIVER.
THREE VALVE MODEL.
For wavelengths of approximately 14 to 100 metres. Metal ense;" finished dark brown crystalline enamel. Incorporates two tuning. condensers with double spaced, vapes. A potentiometer is fitted for varying the bins, on the detector valve. A screen grid valve precedes the detector and this enables, the set to oscillato easily on all, wayar bs ads irrespective of the length of the aerial; there are no"." blind "apots. By using appropiate coils, this set may be ased on ordinary broadcast wavelengths.
PRICE: £15. 0, 0,
HONG KONG DAILY PRESS, TUESDAY, DECEMBER 16, 1930.
CHINA LIGHT AND
POWER CO.
PROTEST BY SHARE- HOLDER.
1
DIVIDEND QUITE UNJUSTIFIED."
The anual general meeting of the China Light and Power Co., Ltd., was held at the offices' of the, Managers, Messrs. Shewan Tomes & Co., yesterday when a satisfie tory report of the workings of the Just twelve months was reviewed.
Among the large gathering of shareholders
present were:-Mr.
R. G. Shuwan (Chairman), the Hon. Mr. J. P. Praga, and Messrs J. Scott Haraton and A. H. Comp ton (Directors); Mr N. Braga (Secretary); and "the following shareholders:-Messrs. C. F. Mend ham, H. J. M. de Figueiredo, Stewart Smith, H. Odell, B. W. Bradbury, F. A. Xavier, M. A. Xavier, A. A. R. Botelho, F. J. Tavares, V. M. Ellis, O. F. Ribeiro, B. C. Randell, A. A. Botelho, P. C. Potta, P. Nolasco da Silva, jan., J. Coulthart, S. M. Churn, C. Strafford, La Kin Fai, J. Toppin, Tse Taan Tai, A. J Edgns, Chon To Min, and Tang Bung Ka
<.
Chairman's Spasch. After the secretary had read the notice convening the meeting, and the auditore' report, the Chairman said:
With your approval I propose to take the report and accounts as rend. The net profit for the year ended September 30, 1930, available for distribution after payment of the interim dividend of 25 cents rex share on this "Old" shares and proportionate amounts on the 1030 Issue? ahures, is 8435,747.30,
which wo recommend be appro- printed as follows:-
Pay a final dividend of 50 cents per share on the "Old" shares allotted prior to October 1, 1920, and of proportionate amounts on the Old shares alloffed, after that date; of 6.44 cents per share on the 1030 Isme" shures allot ted subsequent to February 7. 1930, thus absorbing about $414,000, leaving
balance of about 242,000 to be carried forward to the new year's account.
Increase In Profits
More Land Secured..
Your Directors have been care- fully considering the matter of obtaining more land adjacent to
ASSESSING WAR
BLAME..
the present Generating Station for | RESPONSIBILITY DEBATED
future developments, and I am pleased to inform you that, we have now secured an area-of-about
IN U.S. SENATE.
100,500 square feet which is suit | DIVISION BETWEEN ENGLAND,
ablo for our requirements,
I now beg to propose i→
FRANCE AND GERMANY.
"That the Report nud Accounts as presented to this meeting be adopted and passed, that a final dividend of 50 cents per shure on the Old shares allotted prior to October 1, 1999, and of of the United States Senate to day. proportionate amounts on the with Senator Williain E. Borah, 'Old' sharcs allotted after.
Washington, December 8.-Debate as to the responsibility for the Great War occupied the attention
that date; of 6,44 cents per share Republican of Idaho and chairman on the 1932 Iagus sharca allot of the Senate Foreign Relations ted on February 7, 1930, and of Committoe, contending that Eng- proportionate amounts on the
1030 Issue shares allotted sub- land and France must share the sequent to February 7, 1930, bo blame for the events which kept the and is hereby declared in respect world in turmoil from 1914 to of the financini year ended Sep- tember 30, 1930, and that the un-
Senator David Reed, Republican divided profits of the, Company amounting to 2455,147,33, lean of Pennsylvania, and Senator Clar- Auch final dividend be carried for- ward to Prefit and Loss Accountance C Dill, Democrat of Washing for the financial year 1830-1931:"" ton, allied themselves against-those.
who sympathize with Germany.
Shareholder's Protest.
1918..
SUM
When the discussion arose the Senate
debating proposed drought relief measures. Suddenly
FOR
CHILDREN'S AILMENTS
OfChemite and Stores LEWOOD, 1
Colds, Coughs, Bronchitis, Whooping Cough. The pleasant, soothing action of Angler's Emulsion, together with. its tonic and building properties, make it an ideal remedy for child- ren's ailments. Moreover, the little ones all like it and take it willingly when they refuse other medicines. It is invaluable for colds, couglis, whooping cough, bronchitis, and for all chest affec- tions for scrofula, rickets, or any wasting disease; and for building up after measles or fevers or any weakened or run-down condition. “Prascribed Angler's with Great Sutters,”
· A Doctor writes :-"I have prescribed Angier's Emulsion for the past 15 years with the greatest success, especially in respiratory affections and for Ill-nourished children. I detach much importance to its therapeutic value. It is agrecable to take and is acceptable to delicato elderly persons and young children." (Signed)-M.R.C.S., LR,C.P.
ANGIER'S Emulsion
***—ENDORSED BY THE MEDICAL PROFESSION=
The Angier Chemical Co., Ltd.. 80, Clerkenwell Read. London; E.C.), England.,
. After the Chairman had reviewed the workings of the year, a skaro holder, Mr. B. W. Bradbury, pro.it was plunged into the war guilt France must share responsibility debate opposed war debta cancella-
controversy and for a time the for the world war. Senators forgot that drought mliet was the issue..
tested," and said that the final dividend proposed by the Directors was "quite unjustified." He said:
Before the resoluton for the adoption of the report and accounts is put to the meeting, I would like to avail myself of the opportunity that is given to shareholders once a year, to air their views.
the remarks made by your Chair- Gentlemen, notwithstanding all man and the seconder of the re solution proposing the adoption of the accounts, I must say that it is quite evident that the reduction in the sale price of current has affect ed our earnings to that extent that the proposed final dividend of 50 cents on Oki shares and 6.44 cents on New shures seems quite unjusti fied, for, in effect its adoption means that we would be paying out in dividends more than we have earned by way of profits.
To my mind euch a policy is un- Pound, and is extremely suggestive! that the cart has been put before the horse..
I would also. Gentlemen, call your attention that depreciation poligy should be consistent with our growth.
in be-
respect-
The gross profit from Working Account is $700,370.53 this year, as against 8747,988.53 the previous
I am nor proposing any amend- yoar, an increase of $21,493, The smallness of this increase in prin- ment to the resolut cipally accounted for by the redue fore the meeting, . tion in the tariff rates for both fully suggest the the board should lighting and rower (which reduc-adopt a more conservative policy, as tion applied to the whole twelve regarda dividende, in the future. months under review), by the con Mis Odell nasceinted himself with Bultanta tery and expeases and the remarks made by Mr. Brad- allowances to the staff ns exchange bury.
Senator Reed declared that he has little sympathy for Germany's picas that she is poverty-strickem Sena- tor Dill took the floor in support of Senator Read. Then it was that Senator Borah, replying to Senator Reed, declared that Germany merite sympathy and that England and
compensation all of which, ezpecial. : Th's Chairman said that the ly the reduction in the tariff, very recommendation with regard to seriously affected our profits, ns dividend was made after it had been against those for last year, i
carefully considered by the Dirco- You will observe that the amount tors. With regard to depreciation, written off in respect of deprecia he remarked that, as he had fifi. tion is about 238,000 less than that already stated in his speech, this provided in the accounts last year, was-duo to rent. However, they This difference is for the most part were glad to have the shareholders" explained by the fact that certain opinion and would take it into con- iteins which, owing to obsolescence, sidciation. we were, intending to dispose of
Mr. G. F. Mendham then propos- were very leavily depreciated in
ed the re-election of Messrs. A. H. 1020 in anticipation of any shortage Compton nad C. A. de Roza to the on their subsequent sale. I am
Board of Directors. This laszd to say that they have since seconded by Mr. H. J. 1. Figuerido bern sold at a slight profit on their and was carried unanimously. book value. Also with regard to materials and stores, no provision Messrs. Lowe, Bingham & Mat- has this year been made for depre- thewa and Messrs. Linstead & Davis ciation because they are already were re-elected nuditors. valued at well below replacement
costs.
Depreciation.
While on the subject, I should like to take this opportunity "of telling you that the rates of d preciation written off plant and machinery are computed, not by your board of directors, but by our technical manager, who is the proper person to advise your Direc- tors in such a matter. Your Direc-
ST. VINCENT DE PAUL
BAZAAR.
WAB
CHILDREN OF MARY STALİ - RAFFLE RESULT.
1st Prize No. 177, 2nd 220, 3rd.
tore are satisfied that, in deler. 130, 4th 282, 5th 160, 8th 165, 701 mining such rates, our Manager has 63, 82, 9th 127; 10th 350 and 11th
taken into careful consideration the estimated life and residual valua "of the various assets, and in regard to the larger items of plant has considered each on its own merits. In no case have the board provided for a lower rate, of, depreciation. than that recommended.
The number of consumers has risen from 13,554, în 1990; to 15,338, in-1930. Unite-sold during the year
SILENT TALKIE
PRODUCTION.
IN THE DEAF AND DUMB,
ALPHABET.
There is a strong probability that
were 18,042,213, as compared, with the first silent, talkie film will 13,133,500 for the provious year, an shortly be produced in Birming increase of 14.53 per cent, which wham. consider is quite satisfactors.
In regard to the change of còn- sumers, voltage, good progress has been made and there now only re main Hunghom,, Mataukok, and portion of Tsimtsatsui to be com pleted,
During the year, the erection of
The film, which is the outcome of a demand by various midland deaf: and dumb associations, will be w talkie film without "canned!' music or speeches. The dialogue will be carried on in the deaf and dumb alphabet.
a naw-overhead-line-to-the-Diamond The love-making, however, will be
Hill District in the Kowloon City in the old universal method.
aren, wun begun anda me
In the New Territorien BurYOVs') were made of the route for the High Tension Transmission fine, and the erection of "Towers is now proceeding.
The theme of the film has not yet been decided, but the cast will dumb people. composed entirely of deaf and
Such a film," inid the Row W.
attempt to arophesy. It depends ham Deaf and Dumb Associaton, entirely on the expansion of Kow. "would not only provide splendid. oon and the New Territories, and entertainment, but would be of that as you know, shows no signs great educational value to the deaf of abating quite the contrary, in and dumb K8Ociations throughout
the country."
tion proposals...
However, Senator Royal S. Cope- European War Debts.
Jand, Democrat of Now York, cited Sonator Borah opposed the pro- the fact that several important posals made in the course of the newspapers are agitating for can debate that the war debts of Eurocellation of war debts and thus in- pean nations to the United States prove the financial position of be panelled. The question of war nations in which the United States dehte cancellation arose during a might find an increased market for. general discussion of finances, All its raw products and manufactured of those who participated in the articles
WHITEAWAYS
FOR
Gifts for
LITTLE ONES
OUR
ΤΟΥ BAZAAR
IS
THE BEST SHOW.
IN
TOWN
DO YOUR XMAS SHOPPING EARLY
AT
WHITEAWAYS-
KB
Open till 6 o'clock Every Evening till Xmas.
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