Lane
Crawford's
Annual
NO DIVIDEND RECOMMENDED: CHAIRMAN,
REVIEW YEAR'S WORK
Motor Trucks have been written down by 25 per cent.
HONG KONG DAILY PRESS, MONDAY, JUNE 12, 1933.
Meeting
In November last year we were appointed Sole Distributors for the world renowned "Ancbþr". Brad Butter, and this branch of our Provisions Department gives every indication of becoming a re- munerative source of revenue.
TAKING OVER · THE BUS SERVICE
BUSY SCENES ON SATURDAY NIGHT
EXTRADITION
A LIST OF THE APPLICABLE OFFENCES
Extraditable offences are as fol- lows:-
An interesting statement of the law of extradition appears in the "The Colony has not suffered 83
The Company's properties,-Ex-
The China Motor Bus now con- current number of the Government acutely as many places and coun- change Building and 15 Burnows
trols the bus traffic on the Island Gazette. 'A` mutual agreement on tries, and
The Restaurant and Bakery De- and I see no reason why, Street-Bakery and Cold Storage
од Saturday night/Sunday the usual lines has been concluded when the huch discussed cycle of Plant, Fixtures and Fittings. Partments suffered greatly increas morning, members of the Com. between Britain and Iraq, which
etc. are ed competition during the year, pany's staff were keep busy with applies to Hong Kong. Restaurant. Utensils,
depreciated in accordance and in consequence of amali re
the taking over" arrangements. turns from the King's Restaurant. By Friday night, the Company bad your Board decided to discontinue taken control of the Aberdeen acting as Caterers there and con- bases but it was not until the buses centrate on maintaining the popu-operated y the Hotel and Tramway larity of Exchange Restaurant. Companies had completed their The Company's interest in the schedule early yesterday morning King's Restaurant caused on 31st that they were handed over to the March last, and it is satisfactory new Company. to note that Exchange Restaurant receipts are on the upward trend. We have continued to improve our Bakery Department, and the Bread and Cakes, produced from Empire Flour, are of the highest standard.
prosperity does eventuate, we 10. this Colony should not immediate- | boon ly participate. So far as our com- with the usual practice. pany is concerned, it is the opinion of your Directors that every de- partment of the business is in a nosition to take immediate ad- vantage of any improvement in trading conditions," said Mr. M. H. Turner, Chairman of Messrs. Lane, Crawford, Limited, at the annual meeting of the Company on Saturday,
No dividend was recommended the Directors having made certain
Stocks have been valued at cost, and depreciated where necessary. The amount of stock this year is
war by $47,190.32.
Sundry Debtors show a reduc¦ tion of $78,798.65 as compared with the previous year.
On the other side of the Balance allocations with a view to consoli Sheet you will notice that a for- diating the Company's financiaf, ther payment of $150,000:00 has position.
F
maining open until 7 p.m. for the convenience of our customers on cate that our efforts in this direc: the Peninsula, and returns indi- tion are appreciated.
A Daily Press representative saw part of the operations and he re- ports that it was "quite a busy scene." Mr. Ngan Shing Kwan, managing director of the China Motor Bus Company personally superintended the operations, and and conductors their jobs and ex. what with showing the new drivers plaining the different routes, and, at the garage, the storing of the garage at Causeway Bay was in-
deed a hive of industry.
Leen made towards liquidation of Our Branch Depot in Nathan Supporting the Chairman were the Mortgage on the Company's Road, Kowloon, where supplies of Mekart S. II. Dodwell, E. M. proporty-Exchange Building-re bread, cakes, groceries and provi- Raymond, A. B. Stewart, T. E.,ducing the liability to 82,100,000.00, sions, may be obtained, is now re-spare parts." etc., the Company's Pearce, R. Gordon, E. J. Davies The total of Sundry Creditors is (Directors) and the following ' shareholders: Mesars. D. R. less this year by 825,080.55. Kiras, O. F. Ribeira, H. B. L. As will be seen, the Nett Profit Dowbiggin, E. J. Ainslie. A. M. for the year, after making due al da Eca, D. M. Goodall, H. Hampowance for Depreciation, amounts ton, and A. W. Brown (Secretary) to $47,105.70, which, added to the Other departments are continu- Addressing the meeting the balanos brought forward from lasting to secure a good share of the Chairman said:"
year, makes the amount $66,288.83 Colony's business, and
fortunate in holding several excel- Gentlemen,--The Report and Ac-, available for appropriation..
lent agencies. counts for the year ended 28th
February, 1933, have been in your hands for the requisite number of days, and I will therefore, with your permission, take them as read. The Auditors' report is as fol- lows:
124.
**We
We report that
have examined the accounts of Lane, Crawford, Ltd. with the books
· and vouchers of the Company for the year ended 28th February, 1933, and have obtained all the Information and explanations
Your Directors recommend that this amount be allocated ne fol lows:-
To Place to General Re-
Berve
To Place to Reserve" for
Rad and Doubtful " Debts
To Carry Forward to
next Accourt
$50,000.00
we Are
Oil Company was in charge of the Mr. H. L. Decker of the Texas
delivery of gasoline, etc., and he was kept hard at work travelling tô and fro on his Company's delivery tender...
The China Motor Bus Company handed over their buses to the
for the Mainland, but they are Kowloon Motor Bus Company who have been granted the franchise keeping the these were conveyed to Hong Kong on the vehicular ferry.
smaller bases and
acutely as many places and coun- The Colony has not suffered sa tries, and I see no reason why; when the much discussed cycle of Prosperity does eventuate, we in this Colony should not immediate. ly participate. So far as our Com
So efficient were the arrange- 5,000.00 Pany is concerned, it is the opinionments, however, that there was of your Directors that every de- nothing to indicate that the buses partment of the business is in are now run by a different Com- 11,288.85 position to take immediate ad pany beyond the fact that some of vantage of any improvement in the new drivers are said to be driv.
ing the Kowloon Way"-racing. 888.238.88 trading conditions.
along faster than the old Hong Kong drivers used to do!
Regarding the Kowloon side, the manager of the Kowloon Motor. Bus Company in an interview stated that his Company has taken over the complete service on the mainland without
He a hitch. added, however, that he could not make any statement regarding the price of sale until the accounts were settled.
க
Before proposing the adoption would like to express the thanks of the Directors and Shareholders for the loyal co-operation of the staff during the year.
required. In our opinion the above Balance Sheet is properly ¦ · I would state that your Dires of the Report and Accounts, I drawn up so as to exhibit a true tory .consider "the placing of and correct view of the state of $50,000.00 to Reserve sound the Company's affairs, according policy, in view of the present un- to the best of our information settled condition of trade. As and the explanations given to us, result of the transfer, our General and as shows by the Books of Reserve will stand at $250,000.00. the Company."
been set out in detail.
by
I now bog to formally propose The provision of a Reserve for the
that the Report and Accounts for year ended 28th February In referring to the accounts, be Bad and Doubtful Debts is a ne- 1933, as presented, be adopted, and fore, your 1 will confine my re chasary precaution in a business shall be glad if some shareholder marks to the more salient points, such as ours, and I feel sure you will second the proposal. When where necessary items have will agree with the policy of your this has been done, I shall Directors in placing 85,000.00 bo such Reserve. Considering the ex- pleased to answer to the best of Profit and Loss Account:
Intent of the Company's business, it my ability, any questions share. explanation of the reduction of is a matter for congratulation that holders may wish to ask. working profit as compared with the amount required is so small. last year, I have to advise you that By this transfer, the Bad and the Company suffered a substan- Doubtful Debt Reserve will amount 'sial decrease in turnover. This to 86,314.04, which is considered regrettable falling off reflects the adequate. depressed trading conditions which existed throughout the year, under
It is with regret that your Di- review; as you are aware, the restore find themselves unable to spending capacity of the public is recommend payment of a Dividend. naturally restricted until such time Having had opportunity your as the existing economic conditions relves of studying the results for profit. are dispelled. I would also point the year. I think you will agree
Whilst the Shareholders are n out that the Company is meeting Board of consolidating the Com-turally disappointed at the redue that the policy adopted by your severe competition in practically every branch of its business. pany's financial position and cond profits which do not enable the serving its resources is more bene- Directors to recommend the pay The item-Profit on Exchange-ficial to Shareholders than a small ent of a Dividend, I heartily represents the 'adjustment of distribution of profits. I accord support their action in placing & sterling accounts current between ingly trust you will approve the considerable sum our office here and our London foregoing allocations. Agents.,
I think, Gentlemen, that satin- factorily explains the accounts be- fore you.
and the
second the Report and Statement Mr. Dowbiggin; 'In rising to of Accounts, I should like to asso- ciate myself with the Chairman's remarks and tender on behalf of the Shareholders, our thanks to the Manager and Staff for their good work during a difficult year, which resulted in showing a fair working
:
to the Reserve Fund, and writting off as much is they have done to depreciation. I trust that the enlargement of the Cold Storage plant will re- sult in the anticipated increase of business and profit.
تھیں۔
PHILIPPINES INDEPENDENCE MISSION
ENTERTAINED BY LOCAL
· FILIPINO COMMUNITY
There was a happy gathering at the Filipino Club, King's Park, on Friday evening when members Mission consisting of the Hon. of the Phillipine Independence Manuel L. Quezon, President of the Philippines Senate and Chairman of the Nacionalista, (Government) Party the Hon. Manuel Roxas, Speaker of the House of Repre sentatives, Mr. C. Osias, Mr. R. Fernandez and Judge Teodoro, wore entertained.
Professor F. Gonzalez, President of the Filipino Club welcomed the guests and those present included. Dr. V. N. 'Atienza and Mr. T. B. Wilson.
The members of the Mission after a stay of a week in Hong Kong left for Manila by the Empress of Japan on Saturday:
The balance of 87,124.63 at. credit of Interest account arises through the employment during the year of the Company's general funds in In April 1932 a new lighting financing the Property side of our system was installed,
The Chairman has touched on business. The bulk of Interest re- uniform lighting has effected 3 ceived, therefore, is earned On marked improvement in the ap the expenditure on Repairs and pearance of the Store, and also Renewals showing an increase of what, may be regarded as an in- added to the attractiveness of dis about $4,000-due to redecorating ternal loan and the corresponding plays in our various departments. the Exchange Restaurant Lounge, charge, together with Mortgage
etc., which was necessary--but Interest, is borne by Property Re- During the year your Company would like to remark on the con venue account, which in turn is has maintained ita reputation for tinued large expenditure on Fix the Hon. Manuel L. Quezon, Pre The Mission, which was led by adsorbed in General Working. supplying highest quality mer. ture and Fittings. Some 818,278,78 sident of the Philippines Senate Expenditure on Repairs and Re-chandise throughout all depart was expended thereon during the and Chairman of the Nacionalista newals shows an increase this year
ments. This, however, does not year, and 810,135.41 allowed for (Government) Party will, upon of about 84,000.00, which is almost mean that out prices are also the depreciation, showing an increase its return to the Islands, submit highest. We are only too conscious under this heading of 88;144:37. I entirely accounted for by expense of the severe competition we have trust that, the Store having now ing the Hawes Cutting Bill for the a report to the Legislature regard incurred in redecorating the Ex-
to contend with nowadays, and, been rearranged, any large expen-independence of the Islands. change Restaurant and Lounge, and new Private Dining Room. while we refuse to meet this com- diture in the future will be 'unne.
petition by lowering our standard cessary. Other items in the Profit and of quality, we do mont it by selling "Loss Account present no unusual a good article at a really competi-
The Chairman assured Mr. Dow- feature, and do not call for any tive price. I stress this point be: Liggin and other Shareholders that particular comment,
expenditure was being kept down. cause there seems to be an impres The expenditure this year has been I propose to deal with Depresion abroad that Lane Crawford's made necessary by the fact by re- pre a dear Store, and because this newing the electrical fittings
1.-Murder. (including assassin
tion, parricide, infanticide, poisoning), or attempt or con- spiracy to murder. 2-Manslaughter. 3-Administering drugs or using
instruments with intent to procure the miscarriage of
women.
4.-Rape. 3.-Unlawful carnal knowledge,
or any attempt to have unlawf ful carnal knowledge, of a giri under 18 years of age. 6-Indecent assault.
7. Kidnapping or false imprison-
ment.
8.-Child stealing, including abandoning, exposing or 11- lawfully detaining. 9.Abduction. 10-Procuration, 11.Multiplication of spouses con-
trary to law, 18-Maliciously wounding or in- flicting grievous bodily harm, 13.-Assault occasioning actual
bodily harm. 14.-Threats, by letter or other. wise, with intent to extort money or other things of | value.
15.-Perjury, or subornation of
perjury.
18.-Arson. 17-Burglary or housebreaking, robbery with violence, larceny or embezzlement. 18-Fraud by a bailes, banker,
any
agent, factor, trustee, direc- tor, member, or public officer of any company, or fraudu- lent conversion. 19-Obtaining money, valuable security, or goods by false pretences; ..receiving money, valuable security, or other property, knowing the same to have been stolen, or unlawfully' obtained, 20-(a) Counterfeiting or alter- ing money, or bringing into circulation counterfeited or altered money.
(b) Knowingly and without lawful authority making or having in possession any in- strument, tool, or engine adapted and intended for the counterfeiting of coin. 21.-Forgery, or uttering what ja
forged 22-Crimes against bankruptcy
law.
23. Any malicious act done with!
intent to endanger the safety of any persons travelling or being upon a railway. 24.-Malicious injury to property, if such offence be indictable. 25.-Piracy and other crimes ur offences committed at вса against persons or things which, according to the lawe of the High Contracting Par ties, are extradition crimes or offences. 20.Dealing in slaves in such man- as to constitute a crime or offence against the laws of both High Contracting Par- tics.
Points of Interest.
,ו'
Points of interest include the following:
Two conflicting opinions regard.serves the right to refuse or grant Each High, Contracting Party re- ing the Bill, one in favour of so- ceptance and the other definitely the surrender of its own subjects to in favour of rejection, made them the other High Contracting Party. selves felt during the stay of the The extradition shall not take Mission in Hong Kong, and it is place if the person claimed has certain that in addition to the already been tried and discharged Majority Report, a Minority Be Philippines Legislature.
ciation when referring to items in Meeting gives me an opportunity throughout the store and the res port will be submitted to the or punished, or is still under triali
the Balance Sheet.
to ask all Shareholders to tall taurant and also by the installa Turning to the Balance Sheet: their friends the truth about us: tion of refrigerators in Kowloon. The fixed assets"" of the Lompany, after taking into account additions and New York, continue to keep us then put to the meeting and un- Our Buyers in London, Paris,
The report and accounts wore andles during the year Well posted with the Intest styles animously adopted. Mr. A. and providing for Depreciation, and novelties, and in our Ladies Stewart was re-elected a director amount to 82,645,048,50. ̈
Salon especially, this up-to-date and Messrn. Linstead and Davies The only addition calling for nees is greatly appreciated by our were re-elected auditors, explanation is that appearing un-clientele.
Cold Storage Plant. This increase
in the territories of the High Con- The faction in favour of rejection crime or offence for which his extra tracting Party applied to, for the is led by the Hon. Manuel Quezondition is demanded. while that in favour of acceptance
President Pro Tempora B.
is led by the Hon. Sergio Omena, A fugitive criminal shall not be of the surrender iy,the crime or offence Philippines. Senate, and Vice-in respect of which his surrender is Chairman of the Government demanded is one of a political Party
character, or if he proves that the requisition for his surrender has, in fact, been made with a view to try or punish him for a crime or offence of a political character
der the heading of Bakery and Our Furnishing Department con- of Bonia $19,000,00 represents the tinues to maintain its position,
Microphones have been installed territories of the High Contracting cost of installing a new Cold Stor- and 16, we senture to, atate, nn. age Plant to meet the requirements equalled in the Colony. A consin the Northern Ireland House of Party by whom he has been sur of our Provisions Department, and derable amount of "tendar" work Commons with moving-coil loud rendered
A persun-surrendered can in no to provide extra space for carry for ships, hotels, and offices was speakers in the Press Gallery
This stipulation does not apply case- be kept in custody or "bo ing stocks of Butter. I will refer satisfactorily carried out during Newspaper representatives. "and to crimes or offences committed | brought to trial in the territories to this again when reporting on the past year.
members of the Hansard Staff now after the extradition,
of the High Contracting Party to the activities of departments.
We are strictly adhering to the have less difficulty in following the
The extradition shall take place whom the surrender has been mode principle of supplying only the speeches ofanfembers which are con best and freshest commodities Inrayed from the microphones on the only if the evidence be found suf- for any other crime or offence, or our Grocery and Provisions De table of the House and broadcast mittal of the prisoner, for trial, than those for which the extradi- ficient, either to justify the comon account of any other matters, partment, and the increased Cold by the loud speakers in the Frees or to prove that the prisoner is tion shall have taken place, until Storage space erected during the rear ensures the keeping of perish Gallery by the Morconupbons public the identical person convicted by he has been restored, or has had an able goods in excellent condition address system with seven-valve the courts of the High Contracting opportunity of returning, to the in all seasons.
amplifying apparatus.
| Party who makes the requisition, (Continued en previous column).
Sales during the year, you will not include the amount reosived for the Company's Launch "Elaie," which was disposed of in the early part of 1832.
!
With regard to Depreciation, ample provision has been made.
Complete
Baseball
Equipment
This season "finds
our Sports Dept.
stocked with the
best variety of Baseball Equipment
in South China,
We
carry outfits suitable for either
the beginner
Big Leaguer.
or
Superior Quality. Excellent Service. Competitive Prices.
The Sportsman's Headquarters.
ANE, CRAWFORD,
JA
MARVELLOUS
LTD.
RECORDING ACHIEVEMENTS”
9833-BRITANNIA
9221-THE ROSE
9272 THE LEEK
Columbia NRECORDS
ÜVERTURE
QUEEN'S HALL QROH;
ENGLISH AIRS GRENADIER GUARDS BAND.
WELJ Airs Gesnadine Guards Band, Is Axe ́ ́. GRENADIER GUARDS BAND..
SOOTTISH AI GRENADIER QUAEDS BAND.
9248-THE SHAMROCK
9102-THE THISTLE
The Anderson Music Co., Ltd.
Ice House Street.
Tel. 21822.
Imperial
BRAINS
BRITISH DESIGN
RIGHT THROUGH
LABOUR CAPITAL MATERIALS
The “Imperial" is designed and made in England hy people who understand English requirements, Foreign made typewriters, imported from countries using the metric system, lack such typically English signs as
"3" The Imperial" keyboard has six extra character's just those symbols which the English typist has always needed but never possessed. la construction, the "Imperial is a "sound British with all that the phrase implies. engineering job
REISS, MASSEY & CO., LTD.
7, Queen's Road Central Hon