CHINA LIGHT AND POWER COMPANY
Annual Meeting
'A vallsfactory state of affairs was revealed in the chairman's re- port at the annual meeting of the China Light süd Power Company. which was held in the Company's officça in St. George's Building yesterday morning when it was announced that the Company was in the fortunate position of being able to maintain the dividend paid last year.
Among those present were the Hon. Mr. M. K. Lo (chairman), Mr. A. H. Compton, Sir Elly Kadoorie, K.B.E. Hon. Mr. J. P. Braga, O.B, E. Mr. L. Kadoorle, Mr. D. W. Munton (Manager), Mr. Noel Bra- ga
(Becretary), Mr. Chua Beng Choo, Mr. A. M. d'Eca, Mr. A. S. Gubbay, Mr. Lau Chung Keung, Mr. H. K. Lee, Mrs. I. H. K. Lee, Mr. A. H. Mackenzie. Mr. K. C. Mark, Mr. I. N. Murray, Mr. G. H. Potts. Mr. H. Summers and Mr. C. M. da Silva.
After the Secretary had read the Notice of Meeting and the Audi- tors Report, the Chairman said:.........
"Before proceeding, with the business of this Meeting. I have to say that it was with profound re- gret that the Directors and share- holders of this Company learned of the sudden death on 13th August last of Mr. C. A. da Roza. Mr. da Roza had been associated with this Board since 1922 and by his passing we have suffered an Irreparable loss.
The report and statement of accounts for the financial year ended 30th September, 1936, have been in your hands for the requi- site period and I opose therefore to take them as read. The gross profit for the year is shown $1,372.902.10.
After charging Pro-
fit and Loss Account with Direc- tots. Auditors and Consultants fees. interest,. depreciation, etc.. the net profit stands at $885,837.45. A sum of $70,000 has been allocat- ed to Reserve re the late General Managers' Rights, Icaving, toge- ther with $122,179,36 brought for- ward from last year, $937,816.81 available for distribution.
Your Directors recommend the declaration of a dividend of 50 centa per share on the "old" shares and proportionste amounts on the 1936-Issue share, absoreing about $834,300, and that the, balance of abou: $103 500 be carried forward.
It will be recalled that my pre- decessor in the Chair predicted an Increase in working costs. conxe- quent on the drop in Exchange. On the other hand, he hoped for some revival in local industry Both these forecasts have come to pass and, although sales of power Have fallen off considerably in the New Territories, the nett result of the year's working leaves us in the fortunate position of being able to maintain the dividend paid last-year:
ings adjoining the existing Power Station.
We have already sent to our Consulting Engineers in London, Messrs Preece, Cardew & Rider, drawings (based on certain preli-
minary layout plans seat', out by them to us prepared by Mr. 8. E. Faber. A.F.C.. after the fullest consultation with our technical staff. Mr. Faber is our Consulting Constructional Engineer, whose services have been specially re- tained by the Board to carry out the construction of these impor
tant additions to the station at Hok-Un. A new workshop and on the most moderni Store built lines has just been completed at Hak-Un and is now in use.".
To complete our present pro- gramme of Capital Expenditure at Hok-Un,, your Board has decided to call up the balance of $2.50 per share on the 1938-Issue shares and to make such call payable on 1st April. 1937.
Before closing, I desire to ex- press the Board's appreciation of the continued co-operation of the Campany's staff, for whom, share- holders may be interested to know, we have institutes a new Provi- dent Scheme including in its bene- fits provisions for life Insurance for those employees who elect to take advantage of this form of investment.
I now propose that the report and accounts. 143 presented be adopted and passed, that a divi- dend or 50 cents per share on the "old" shares and proportionate amounts on the 1936-Issue shares be declared in respect of the in- ancial year ended 30th September, 1936, and that the undivided pro- fits after the transfer of $70,000 to Reserve General Managers' Rights, be carried forward.
re
After this has been seconded. I will answer questions from share- holders before putting the Resola- tion to the Meeting."
In his reply, Mr. G.. H. sald:--
Potta
"In Acconding the adoption of the report and the statement of accounts, I wish Arst of all to cop- gratulate the Board or the satis- factory results for the period in review and I am sure shareholders are pleased to see last year's divi- dend of 50 cents maintained. The chairman in his speech has a fully covered all points in con- nection with the accounts that turther comment is hardly neces- sary but I feel I ought to express, on behalf of ali shareholders, our appreciation to the directors for having settled the exchange at such a favourable rate for our new generating plant as well as having
HONG KONG DAILY PRESS, TUESDAY, DECEMBER 22, 1936.
“SHOCKING” | CORRESPONDENCE LOCAL ESTATES
GOVERNOR
Comments By "North China Daily News”
DAYLIGHT SAVING IN
LIMELIGHT
Kowloon Tong Anglican Church Fete
(The Ealfor. "Hong Kong Dally
Pries"]
Dear Sir-We would like to thank all who helped towards the success of our recent Garden Fete and those who came 'and'spent so freely The net "proceeds" of the Fete now amount to $1,300 and money is still coming in-the final account will be published in the Church's Monthly Notes.
Late Mr. Allan Keith Leaves $115,700
Local estate sworn at $115.700 was left by Mr. Allan Keith, for- merly of Hong Kong, who died at Newdigate House, Knole Road. Bexhill-on-Sea, on September 18,
1936.
An application by Mr. G. A. Lel- per, of the Chartered Bank of In- dia, Australia and China, the law- ful attorney, for sealing a certified
the Supreme Court. copy of the probate of the wit and codfell has been granted by
Sir Andrew Caldecott must be a disturbing personality for some of the oldest inhabitants of Houg Kong to contemplate. He likes to get things done. He also likes ta consider new ideas and, naughty F. C. Clemo and the China Light We wish particularly to thank Mr. inan, does not abandon them just& Power Co., for the installation because they are дет to Hong Kong. Moreover he is persistent Motion Picture Co. for the use of of special lighting and the Peacock
Edith Frances Bernard, widow. enough to ask for reasons when loudspeaking apparatus, and the who died at 81. Fugheld Lane. his startling innovations are in- following firms who donated goods Southampton, England, left local continent y rejected. Shanghai has sensibly solved its
to be sold at the Fete:Messrs. estate valued at $42,800. darlight Anderson Music Co., Bluebird Cafe.
An application by Mr. M. M. saving problem by the simple dè-
British American Tobacco
Watson, the lawful aftorney, for Co vice of, changing office hours. It
sealing certified copy of grant of Chellaram's, Colonial Dispensary. could not put the clock Zack, as Is done in England
Diary Farm, Ice & Cold Storage the probate of the will has been and other
granted. Co., East Asiatic Co. Gilman's, Hutchison & Co.. Jardine, Mathe- son & Co., Kowloon Dalry, Kow loon Rattan Co.. Loxley & Co. Marcel Cafe. Kayamally's, Mayfair Co., Nestle & Anglo Bwiss Co., Oriental Handicraft Co., Powell, Ltd, da Rocha & Co., & Pang. Pentisula Hotel W.S. Sherly & Ca.. Sincere: Watson & Co... Ltd., Ye Olde Printerie and many others.
arrange-
places, because of the complexity of its administrative ments. Sir Andrew, realizing how beneficial to young-and per- haps od-Islanders would be B more
spacious opportunity of using the sun's rays for recrea- tion in the arternoon, has propos- ed that Hong Kong should go in for "daylight saving." The Hong Kong Chamber of Commerce bas had this question before it and has taken Mr. Podsnap's 'historic pose: "away with it." That is in accord with Hong Kong's most cherished traditions but. unfor- tunately, there is a new Governor with new-fangled ideas learnt In | Malaya" in Malaya" murmurs the Peak to the Harbour with ineffably languorous disgust-and he refuses to be satisfied with the matto "give your verdict but never
Win.
Finally, we wish to thank the Fress of the Colony and you..Sir. for publicity and other help.
Yours faithfully.
R. ASHTON HILL'
died at 9, Jullen Road. Surrey, Mr. Augustus Henry Heath. who England, on July 14, 1938. left lo- cal estate sworn at $12,000.
An application by Mr. R. A. Wadeson. the lawful attorney, for sealing certified copy of the pro- bate of the will has been granted.
AUSTRALIAN
WATER SCHEME
(for Garden Fete Committee Completed After
Kowloon Tong Anglican,
Church).
your reasons." At least he holds Death Of Local
that that motto may be all right for juries and, perhaps Governors, but it is not suitable to a Cham- ber of Commerce. So the com- mercial brinces of Hong Kong have to cudgel their brainis to find reasons for convincing the Governor that his plan cannot be app.led to Hong Kong. It is ob- viously a parlous predicament: It shows that the most revolution- ary sentiments are let loose in Government House, but the trou- ble is that a Governor of Sir An drew's calibre is likely to require good
reasons if his Gadarenc career is to be checked. Amiable folk who have been accustomed for years to find their slightest negatives accepted without ques- tion, may find it difficult if not impossible to supply the reasons of the type 'now demanded of the Chamber. What A shocking Governor!
ACKNOWLEDGMENT
The following list of donations secured at favourable exchange are acknowledged by the Society. forward contracts for our coal. for the Protection of Children
With these few remarks I beg
to second, the adoption of the re- port and accounts."
from Dec. 1 to 9.
The Hong Kong Fire In-
surance Co., Ltd. ·
$100.00
The Canton Insurance Of-
nice, Ltd.
100.00
Mr. V. M. Grayburn
200.00
100.00
Following this, on the proposal by Mr. A. 8. Gubbay. Mr. Lau Chung Keung seconded the re- election of Mr. F. A. Joseph and Mr. & Mrs. A. W. Hughes
the Hon. Mr. M. K. Lo to the Board Mr. & Mrs. T. C. Monaghan, 100.00
Shareholdere will be glad to know that forward contracts were made by the Board on somewhat favourable terms for coal and, as the result, our coal costs have of Directors. Proposed by Mr. A.Mr. J. Alabaster been kept down for the time being. I'M. d'Eca and seconded by Mr. Mr. Ho Kom Tong, O.B.E Moreover, I am happy to state Chua Seng Choo, Mesars. that a large proportion of the cost Bingham
Lowe, The Asiatic Petroleum Co. and Matthews and (South China) Ltd. of the additional generating plant Messrs. Linstead and Davies were Mr. & Mrs. W. Kay recently ordered. has been covered re-elected as auditors for the pre- Mr. LEN. Ryan in that we have in hand a sum of sent financial year.
Mr. J. M: Alves £85.000 purchased at an average of nearly 1/Td. to the Hong Kong Dollar.
Our coal commitments should look after our requirements for about a year or so, though the average price per ton during this period will be higher than it was last year. After that, our coal costs will probably further rise, as many other Iteins of working ex- penditure have done, owing to the low Exchange value of of the Hong Kong Dollar.
Therefore, while it will be our endeavour to maintain the divi- dend, shareholders will realise
In
closing the meeting. the Chairman wished shareholders the compliments of the season.
ROTARY CLUB
At the meeting of the Rotary Club to-day Bishop Hall will speak on "The Boys' Club,"
POLICE ORDERS
INDIAN COMPANY
undermentioned members of the Training Course (Part IL):-The Indian Company will attend Indian Company Headquarters on Tues- day, December 22 at 17.30 hours for Part II of Training Course:---
that, unless the increase in the demand for electricity is more than sufficient to offset the in- crease in working expenditure, profts can hardly be expected to exceed the recent level attained.
With regard to the additional generating plant, to which refer- Constables R2201 & 1. Bux, R210 ence was made from this Chair Abdullah Shah, R213 8. B. Hussain. last year, it is incumbent upon R218 Lal Khan, R236 M. 8. Dillon, responsible. Boards of electricity R207 Fazal Nahi Oppai, R208 Mo- supply concerns to anticipate lar- bamed All Oppal, R225 Kasim Ali, ger loads, and your Board, after R228 A. R. Razack and R203 Jaffer most careful consideration, placed Mohamed.
N
FLYING SQUAD.
an order last summer for a 13,500 K. W. Turbo-Alternator to be sub- piled by the Metropolitan-Vickers Commendation; Crown Sergeant Electrical Export Co., Ltd., of R333 AW. Mooney is commended Manchester, and for a 120,000-lb. by the Inspector General of Police Boller to be supplied by the Inter for the conscientious manner in national Combustion, Ltd., of which he performed his special Derby England. These new units duties during Safety First Week, which should be installed during
C. CHAMPKIN, 1937, will be housed in new build-
.D.B.P. (R.).
Prof. & Mrs. W. L Gerrard Mr. J. A. Whyte
50.00 50.00
40.00
30.00
25.00
25.00
25.00
25.00
Mrs. Ko King Fan
20.00
Mr. F. 8. Owen Hughes
20.00
Mr. & Mrs. C. G. Alabaster
Mr. Ho Sing Chau
Mr. & Mrs. S. W. Minshall Mr. J. B. Prentia
"20.00 15.00 10.00 10.00
10.00
10,00
10,00
10.00
10.00
6.00
5,00
55.00
AC-
Messrs. Kayainally & Co. Mr. J. W. Franks Mrs. EL Agassiz. Miss W. Buckwell Mr. A. Nicol. Miss M. Drury Mr. Wong Ping Shua" "Anonymous"
Donations already
knowledged through the South China Morning Post
Indian Resident
Mr. Abdul Hamid Hamet
Seventeen Years
Seventeen years ago the then Governor-General of Australia, Bir
OH, BOY!
HERE IS SOMETHING THAT YOU WANT FOR CHRISTMAST
•,*
NOW ON SHOW AT
LANE, CRAWFORD, LTD.
TOY DEPT.
Munro Ferguson turned the first STORE OPEN FROM 8.30 A.M. TO 6 PM. XMAS EVE TO 7 P.M.
Bod of the River Murray irrigation
scheme. Last month Gowrle press- ed an electric button, which re- leased millions of gallons of water from the outlet valves of the Hume dam, marking the completion of A well-known local Indian re-
the scheme. sident. Mr. Abdul Hamid Hamnet,
The ceremony formerly of Penang, Straits Settle-most of New South Wales and a occurred when ments, passed away, after a brief large part of Southern Queensland illness at his residence in Hennessy Road on Sunday evening at the drought since the beginning of the are suffering from "the worst
age of 72.
The late Mr. Hamet was former- ly an engineer in Penang and only came to the Colony, a few years ago to live in retirement His death will be sadly felt by his large circle of friends here and in Penang; as well as his brother, Mr. A. B. Hamet, and many rela- tives, and the deepest sympathy is extended to them.
A large gathering was present to pay their respects at the funeral which took place yesterday after- noon when Mulvi Noor Shah of ficiated at the burial rites.
The chief mourners were de- ceased's brother. Mr. A. H. Hamet, two nephews Messrs. T. Hamet and 8. Eamet and a number of rela- tives.
STOWAWAY TO SINGAPORE
Ngat Kam Yuen, 33, unemploy ed, was fined $10 or two weeks imprisonment by Mr. E Hims- worth at the Kowloon Magistracy for stowing away on the Phemius which left Hong Kong on December 1
8.5.
Detective Sergeant Hutchinson said that defendant, wanted to go to Singapore and did not realise that the Phemius would call at Manila and Batavia De fendant was discovered on the first day of the voyage, and was sent back to Hong Kong by the s.s. Menestheus which arrived on. December 20.
AQUARIUM SOCIETY
century.
from drought many millions of The dam will serve and preserve
acres in N.S.W. State and Victoria, As modern reservolas go, that at Hume is not so, truge. It winds forty miles, and has a storage among hills behind the dam for capacity of 34,000,000,000 gallons.
17
The dam and spillway have been 50 constructed that at small cost they can be speedily raised height if necessary so as to al- most double the storage capacity: and Irrigated area.
"CURSED BY KISSING
AN IDOL"
Mary Furcell, aged 51, formerly a music teacher of The Mail Ealing, who was stated to have suffered from the delusion that she had dissed an idol and was therefore cursed. and who was as The Pills, at Long Credon, found drowned in a pond known Buckinghamshire, was the subject
of an inquest which was held in camera at Aylesbury.
idas
The Coroner (Mr. 8. E. Wildins). made a statement to the Press. He said the woman had been missing from her home at Thame since October 24,
Dr. B. Bicles, medical, officer at Springfield Mental Hospital, Toot- ing, who gave evidence, had stated that Miss Purcell had been voluntary patient there and when she left she was normal.
LONGEST ROPE IN THE WORLD
1
A meeting of the Hong Kong Most people who have been tô, Aquarium Bociety was held in the Casgow know the Glasgow Cot- Biologica: Department of the Hong | poration Subway Raliway, now Kong University last night, when | electrified, but few probably realize 318.00
Dr. G. AC. Herklots gave an that it was worked by the longest extremely interesting lecture on wire rope in the world. In 1898, $1,398.00
Coral reer and Islands of Java when the railway was opened, and Malaya." The lecture, which electric power was very expensive, Further donations will be gladly
was illustrated by excellent lin- and wire rope haulage was un accepted by the Hon. Treasurer. Mr. A. McKellar, C. & cle Mac-ed by the audience. Dr. Herklots meant er available
tern slides, was thoroughly enjoy- | questionably the most economical
kenzie & Co. P. & O. Building.
lecture was the culmination of The railway, which is 8 miles three journeys he has made in long, is bußt entirely underground Java and Malaya. The lecturer in two tunnels, and motion to the was accorded a hearty vote of trains from the cable running thanks at the conclusion of his between the ralls was obtained by address.
D.B.S. CAROL SINGING
Gratifying Results
On Bunday, a party of DES bays, led by the Headmaster. Bang Christmas Carols in various parts of Kowloon, th
As a result, $45 was collected, which has been sent to the Society for Protection of Children.
COLONY'S HEALTH
means of a device resembling a vice, known as a "gripper.” In order to keep the seven-mile-long endless rope at the correct tension a special appliance was installed, and by this means as much as There were two Cases of en-300 ft. of "stretch" could be taken terle fever notified to the Health up before it became necessary to Authorities during the 48 hours shorten the cable by cutting out ending on December 20,
and remak'ng the splice.
NO Film is so
Perfect
For everyday photography no film is so perfect as Belo- chrome. It makes it so much easier to make first-class pictures, for Selochrome has ample speed to cope with all variations of light. It for gives your exposure errors, and because it is colour sensitive, yields pictures much truer in tonal values.
HEXPOZJALS
SELOchrome
Made in England by ILFORD LIMITED ILFORD LONDON..
The Extra Fast
ROLL FILM
Multi-Coated Anti-Halation
For men or women make no mistake when remember them with
you'll
ניסע
MORLEY'S GLOVES
oblain
in Leather, Silk or Wool
The Wing On
Kid.,
and all the leading Stores.
3 CDI ZGJÁL