HONG KONG DAILY
ENG. ASSOCIATION H. K. ENGINEERING AND CONSTRUCTION
ENDS YEAR.
LARGE AUDIENCE AT HELENA MAY.
PROF. MIDDLETON SMITH ON "BOOKS ON CHINA,"
The 1081-199 session of the Hong Kong English Association, was brought to successful conclu- sion at the Holens May Institulp last avoning when Professor C. a. Middleton-Sinith. kept. a large au dience deeply, interested with a excellent
**Books paper. On on China," the toxt of the first part of which will be found on the front page of this isine. The remainder will be given to-morrow,
Interesting Discussion.
1.
CO., LTD.
THE HON, MR, J. P. BRAGA PRESIDES AT ANNUAL
MEETING.
COMPANY RETAINS CLIENTS DESPITE KIEN
17
COMPETITION,
Providing yesterday at the annual" general meeting of Tho Hongking Engineering" and Construction Co., Ltd., which whs held in the Board Boom of Mesura Showan, Tomes & Company, Ltd., tho Hon. Mr. J. P. Braga gave a very satisfactory review of the working for the past your. The chairman romariced on the keen. - ness of competition in the present day but said that he was happy to be able to say that despite this the Company has retained its elionta.
L
NEW GARDEN SCHEME IN KOWLOÒN.
CHAIRMAN'S SPEECH.
WEDNESDAY APRIL 6, 1932.
I do not think you with no to detail each item of depreciation or the plant and sohinery compris ing our Assosta. The figurca appeay. ing in the" Balanc, Short testify to the provision of vory liberal nl- lowance for writing off in pursu- ance of a policy with which, the Board thinks, no fault can be found,
OBITUARY.
OLD RESIDENT PASSES AWAY,
MR. GEORGE TSAMCHA. COPOULOS..
poules, old" resident of the Colony, who had been here for over thirty years. Mr. Tsamchacopoulos was over 70 years of age and was the founder of the Graeco-Egyptian Tobacco Store, in which he reli quished his, interest about. 18 yours ago, since when he has noted as a property broker.
The Company's cash position will,
The death occurred on Monday I hope, be considered satisfactory.morning of Mr. George Tanmchnico- inasmuch as, apart from the value of investments I have just mention od, there was a credit balance at Current Account with your Bank- ers on December 31 of 884,071.56. These amounts are available, it should be noted, after the entire cost of K.I.L. 2057 had been paid to Government within three days of tho salo and purchase of the property, as stipulated in the Conditions of Salo.
together with the
The deceased was known popular- ty among his friends as "Georgo" and his death has removed a fami- line Agare from our midst. The funeral" took place on evening at Happy Valley, where it Monday
was attended, by a large number of his friends.
Sir William Hornell presided at
It will be noted on the Liability the meeting, supported by Profes
its original position... HOT R.K.M. Simpeba, Hon. Seero-
Underside that the. 4,500 unallotted "Old" and warehouse there are 177 piles shares of the company were disposed tary of the Association. Also Mr. Braga said: It is gratify- currying 70 tons each, and it is
markable that their lengtha aroof in this course of last year at a among those present were the Hon.ing to the Board to be able to
„put
only 13 feet to 18 foot, although profit of 844,105.00, thus bringing Mr. W. T. Southern. Father Byrne, before you a Statement of Accounte borings to a depth of 75 feet the fully paid shares to the total 8. J. Mrs. P. E. Barker, M.A., for 1931 showing a credit balance
failed to show the existence of of 100,000 shares. This share pre- and Mr. G. E. R. Clarabit, B.As brought forward from Working As-
any reliable bottom."
MR. E. J. MOTHERSILL After Professor Middleton-Smith count of $108,111.84, After charging
You will, no doubt, wish for some raium has not been credited to
Shest. Prefit and Loss Account." Balance had concluded his address the aub Depreciation of $10,433.00. Adding comments on the
It is
Mr. Edgar J. Motheraill, who has ject was thrown open to discussion. Interest earned and Transfer Fee The most salient feature on the worthy of note that the 844,185.00, been prominent in piece goods oir
received and allowing for Managing Assets side is a new item appear-
proceeds cles in the Far East for more than Director's salary, Directors and ing K. I. L. 2857 Development (6,098.90) of sale of plant written 10 yours, passed away at the French Auditor fees we arrive as a matcost to date, $261,001.98." This off the books last year, making Hospital yesterday morning follow. proft for the year of 609,868.53, is a large plot of land containing total of 850,296.06, have been passing a short illness. This result was attained from a¦
some 30 acres situated at the junced to General Reserve, which is A Manchester mau, the deceased, combination of fortunato sireum.tion of Argyle Street and Water now represented by the substantial had been connected with the firm stances, principal among
which loo Road at Kowloon. It was ac-
of Messrs. Edward Wheen & Sons, Ltd., for more than thirty years and was the abnormal bullding activity quired, as you all know, at public. throughout the year,
had been to many parts of the Far Eaat. Mr. Mothergill three yours ago was stationed in Hong Kong as the acting manager of the Hong Kong branch of the firm. He was very well-known in Shanghai, from which port he arrived early lust week to spend a brief holiday in tion has yet been received from the Colony. He was taken i on shareholders.
Saturday and was sent to hospital Before leaving the subject of the where death intervened.
Father Byrne, during the course of a brief address, expressed it as his opinion that writers on China and Chinese see their subject as it were through the coloured spectacica of their own outlook..
sum of 9,593.46.
On the "New sharos, 329,684 were allotted and the first instalment of 125 cents on each share duly paid. 0.476 shares of the "New" laue which shareholders outside the Far East wors entitled to, were applied for and allotted in due course.
auction for the sum of 8328,000.00. The land was purchased in agree mont with the Mission Etrangeren; the Corporation has paid its pro portion of the purchase price. The work of forming and levelling the site, including the portion which theThere remain 13,840 shares of the French Mission owns, will be our New Issue for which no applica ried out by the Company.
The Hon. Mr. Southern reinted his experience with regard to the
I need only quote an extract book on Chine, "Good Earth," Ho from the report of the Public himself thought it
very good Works Departinant for 1020 to show work, but on asking the opinion of how fortunate the Company a European friend, in whose judg been to find conditions as favour. ment he had much confidence, heblo as they were
for successful was told that it did not portray operation during 1981. The report Correct view of Chinese life. Shart.
of the Hun, the Director of Public ly afterwards there happened to be works stated that "grant activity To enable your Company to pip passing, through the Colony a very in all classes of building works ceed with this enterprise which has well educated and clever Chinese continue throughout the year in large possibilities for the future of New Shares, it is permissible to lay 52 years of age. gentleman, and to him he lept the der review. Construction of Chin- the Company, authority hook and uguin asked for an opin-ke tenement houses proceeded apace (ained from the shareholders to which it is recommended to pay to ion on it. The Chinese friend re-for the Praya East Reclamation, no increase the Capital of the Com.shareholders will be paid also on
marked that, the book was an traordinarily good book and a picture of Chinese life.
Ten on the Penk
WAB ob
I
stress on the fact that the dividend
the. New Shares, the money obtain- he purchase and development of ed from which is earmarked for K.I.L. 2857. This land and build-
exfower than 248 houses being com- pany from B200,000.00 to
ploted up to date, with an
$1,000, evea000.00, the amount of new capital greater number in course of con- being 800,000.00, of which the first struction," Great as was the acti-Finstalment of $100,000.00 has beer, vity displayed to the end of 1986, called up. The Hon. Mr., W. Ty scheme has not yet had time to
We
Southorn, CM.G., very kindly ac cepted your Company's invitation
a icon 28
ceremony
#
In paying a Dividend of 20 per cent, viz., 11 cents per abare on the Now shares, absorb- ing.
He was
4,121.03 Leaving a balance of 85,609.08
to be carried forward
to next year.
T
$128,050.13
- SECONDER'S SPEECH.
In rising to second the resolu tion, Kr., K. Müart. Smith arid: --
Mrs P. E. Barker, called upon to address the gathering by Sirit auffered no diminution in the
ear any revenue and yet a part William Hornell, referred to her course of the twelve months under
of the capital subscribed therefor favourite books on China, and in review. There was practically no to perform the ceremony of turning your approval of the proposed ap- by shareholders will, subject to particular "Sun Yat Sen by cessation in the erection of Chinese the first sed in connection with yourpropriation, participate in the Father Dalia, S.3., which gives an tenement houses in the particular promising scheme. The axvollent analysis of the principles district referred to and were took place on the 10th January..
profite of last year's trading," of Sun Yat St. Mrs. Barker favoured by our valued constitu- The General Layout Plan is one T. Bagram resigned from the Beard Mr. Chairman, and Gentlemen-Be
In the course of the year Mr. J. warned, those present against novels enta and Chinese friends with een that offers the most economics) and, and Mr. Lo Cheung Shiu, wie had fore formally seconding the adop on China. The last one she read tracts that kept our equipments as your Directora hope, the most died as alternate director for Sir tion of the report and accounts,. I made the hero and horoine take fully employed from beginning to profitable development of the site absence from the Colony from March think I shall be voicing the views
Robert Ho Tung during the latter's tazi up to the Peak Hotel for tea, ond of the year. I wish it were to the benefit of shareholders. Al-18 to September 30, 1931, was in of a number of shareholders if I which she thought was rather s good touch!
possible for your Directors to re-ready work has been commenced in led to join the Board in his own express ready approval of the Professor Simpson said he agreed port a continuance of this activity. connection with the quarrying of pointment requires your consma cautions policy which has been ap
right. Mr. Lo Cheung Shiu's op- with what Father Byrne had said. This optimism, however, "is denied the stones within the that people will see in China main-
area,tion.
plied to the "appropriation of the ly what is in their own minds. Res; for there are not wanting signs and
the plans are:
Dividend for New Shares,
funde at our disposal. I doubt garding writers on Chinn, Profes of saturation point having been finally passed by the authorities sor Giles has written 30 or 40 books reached, for the time being at any tenders will be called for levelling division of profite decided upon by dend distribution, and shareholders there can be anything but astisfac- Before formally proposing the tion with the amount of the divi- on the subject, one of the best of
and forming the area. As douls the Board, an explanation is called will doubtless notice that, despite which is the History of Chines rate. On the other hand, your Literature." Ho usually warned Board will be over alive to opport may exist as to the formation levels for. Subject to your approval the messured pessimism which has people not to read histories of unities that may present themselves which it may be desirable to secure 95,500 "Old" shares for the whole been applied to existing prospecte,
per cent will be paid in respect of literature for themselves, but this particular, book a well as being fur profitable undertakings" for
lucra of the year 1931, and on 4,500 ns and the consequent ample appro- very interesting gave a good know which your Company is especially tive advantage, I would like to from date of allotment, viz., August priations to reserve and carry for-
state, on behalf of your Board, that latter shares will amount
25. 1931. The dividend for thesa ward, the Board have yet consider. équipped.
ed a satatantial increase in divi- here is no intention of cutting cents per share, Competition Intensified. down the whole area to rond level. Issue shares, dividend has been the Board to offer them our con-
As to the New dend to be justified.
Meanwhile I think it only due to When addressing you last year, The formation level will average a cont, viz, 1 conts for each of gratulations on the successful re-
calculated to, the nearest fraction of I made reference to the keen com about 100 foot above O.D. and will the New Issue shares as from datesults they now place before us. out of order in speaking after the petition your Company has had to approximate the level of that of the The "New" shares applied for by the adoption of the report. and àes Professor had answered the com contend with,
I have now the pleasure to second That competition
of allotment, viz., October 1, 1931. mentators he would like to say that has, if anything, been intensifed Kowloon Hospital on the cast side shareholders residing outside the counts as presented. This was car China, like India, was not as Certain owners give preference to of Waterloo Road. country but many countries: not wood piles because of their lower building lots will be at an elevation as from January 1 of this year.
The highest Far East will rank for dividendried Unanimously. one civilisation but many civilian tions.
prices. Whether similan value is
ledge of the Chinese mind.
Professor Middleton-Smith Ans- wered the speakers, and dealt with several points raised by them, after which Sir William Hornell remark ed that although he feared he was
o
the best and most
To understand India you obtained from wood piles to that of 115 feet, or nearly that of the must understand the Hindu, and given by cement congrete piles is a Diocesan Boys' School to the west he thought that there were certain question on, which, I think, there of your silo. fundamental ideas underlying the
can exist no two varying views.
Hindu which were common to all More and more have our esteemed the race, and he believed the same clients, the Chinese owners, who might be said of China.
to the speakor, which earried with acclamation.
Secfstary Thanked.
He pre have had experience of comparative
W18
Development of Kowloon,
to 14
Other Buildesa,
Botelho, the appointment of Mr. Lo Silva, seonded by Mr.
On the proposal of Mr. F. L. A. A. Cheung-ahiu &a & Director was con firmed by the meeting.
The re-election of Sir Robert Ho Tung and Sir Elly Kadooris t Directors was moved by Mr. Noel Braga and, seconded by Mr. Chan Man-kai, it was carried unanimous.
Mesur Lowe.
ly.
Bingham and
and so varied have been the sub- I am sorry if I have detained you unduly long; hut so many jecte to be dealt with in the review of the Company's activities for the past year that your Board feel it is their duty to present to share posed a hearty vote of thanks values, realised the worth of our Your Directors
are convinced holders as complete survey of the system of piling: In one locality that the development of Kowloon Company's operations as their in- In particular, it is no exaggen and its growing popularity as aportance deserves. At the same tion to state that the "Frank" residential area with the middle time if shareholders feel that any The Hon. Mr. WT. Southern tent of over 75 per cent of the fore that cannot fail to contribute Plemented on points that have not Matthews were re-elected Auditors
system has been adopted to an ex-classes of the community are far further information should be up- said that he thought they should foundations of buildings on which to the enhancement of the great been quifioiently brought to their suitably thank their Hon. tary, Professor .K.M. Simpson, In this connection it may interest finally developed and built upon questions are naked after the Ho
Secre the superstructure has been built value of this unique property when notice, it will allard me much plea on the proposal of Mr. M. H, Lo.
sure to add such information if seconded by Mr. A. H. Basto. who had worked very hard in the shareholders to have read to them Excluding Cash with Bankers solutions I propose moving has been interes of the Association, and an extract from a technical maga standing at 884,071.54 the next la seconded. had in the main been responsible zine published in England. That gent item appearing among your for the success of the past session magazine is known as "Concrete Assets is the value of the Company's Directors Report and Statement of I now formally more that the (Applause).
and is considered the best of its investments. Those investments Sir William Kornall asscciated kind in the profession. The wore acquired at a cost of 888,384,45, Accounts for the year 1981 be adopt himself with what Mr. Southom tract, to which attention may be the market value of which on Balance at credit of Frofit and Loss od as presented and that the had said and said that the ad- usefully drawn, omphasizes the December 31 Inst was 875,750.00, or dressos delivered during the 1931 fact that
a. difference of 918,388,65. As this Account of $129,650.13 be dealt with 1932 session were now in print, and members might obtain one copy fres
"Piles driven for the Admiral- profit is not a realised one it has as follows:
Dividend of charge. Extra copies for members ty in Hong Kong, where the soil not been brought into account for In and copies for the public might be in very poor, «carried a load of last year Present indications are ontained at a cost of each
100 tons with a settlement of only that, if the necessity arose for sell The meeting, and the session for 1/32 inch. although their length "ing" your investments it might be 1981-1082, was then declared at an was only 23 feet. After removal done at a profit approximating: 80
of the loud the pile returned to por cont of their cost.
paying "&
of 20 per cent, viz.,
so cents per share on the Old phacos, absorbing
$38,830.00
**** (Cansinval on next Column)
Those Prostat. Supporting the Chairman were
Mr. A. R. F. Baven (General Works Scott Haraton, and to Cheung shiu the following Directorn: Mesars: J.
Manager) and Mr. B. Alves (Socrater))
Shareholders present were Mo
H. J. M. de Figueiredo, A. H. Basto, M. H. Lo, Cian Man-kai, A. A. Botelho, J. V. Braga, Noel Braga, FL Bilva, 0. F. Marques, J. M. da Bilva, Joseph Gould, K. Start Smith, A. I Draga J M J.,Alves, A. O.. Greaves, Chan Kam moon, and Choy Wing-hay
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