PAGE 2-HONG KONG DAILY PRESS
GENERAL
MONDAY, MAY 30, 1938.
The Japan Hotel Association APPRECIABLE EXPANSION IN TRADING OF LANE,
IN JAPAN
AKAKVILA
MEMBER HOTELS
(58 members in 1)
Oriental Hotel
Tor Hotel
akakura Kanko Hotel Kro
Atami Hotel
Nampei Hotel
Breu (Kyushu)
Kameali Hotel Caves (Nikko)
Lakeside Hotel
For: Five LAKER
Darter
14
Fuji Sew Grand Hotel
(Like Yamaanka)
Fuji View Hosi
(Lake Kawaguchi)
FCXODSA
Kyoshintes Hotel
G.MARCHE
Jaungori Hote]
tio
Nagaraga Hotel
KAMAKURA
Kaihin Hotel
Kyoto Hotel
Miyako Hotel
Kyoto Station Hute:
MATHUKHIMA
*Park Hotel
MIYAJIMA
Miyajima Hotel
MIYANOBITA (Hakona)
Fujiya Hotel
14
NAGOTA
Mampui-flowl
Nagoya Kanko Hotel
NARA
KAMIROCHI (Japan Alpe)
*Kamikochi laporial
Hotal
KAKAISU (Dear Fukuoka)
Kantu aside Hotal
KARUITAWA
"Hampei Hotel
* Makasa Hotel
KAWANA
Kawana Hotel
Kosnin (milway v
between Osaks and Kabel
Kostion Hotel
Nagoya Hotel
Nur Hotel
NIXKY
Kenays Hotel
Dobuil Hotel
Hotel New Unkn
Osaka Hotel
Orav (near Laky Hiwa)
Hotel Lake, Biwa
SAPPORO (Hokkaido)
Sapporo Grani Hotel
SHIMONCHEA
Banyo Hotel
TANANAZUKA (Wear Kobe)
Takarazuka Hotri..
Τοκτο
Imperial Hotel
Mampoi Hotel
Omori Hotel
+ Sanno Hotal
Tokyo Railway Iotal
*Open in summer only.
+Now newbers.
UMIN
Kyushu Hotel
Shin-yu Hotel
Unzen Hotel
Unzen nake Hotel
Yumel Hotel
YOKOHAMA
» Hotel New Grand
"
IN TAIWAN (Former)
Tamoxu
Taihoku Railway Hotal!
IN CHOSEN Hlaso
Heijo Railway Bote? Chosen Hotel
IN MANCHOUKUO
DAIREN
Fausto Hotel
HARBIN
Yamato Hotel
Hoshidaia
Yamato Hotel
HOTEN (Mukden)
Yamato Hotel BSINKING
Yamato Rote!
HOTJON (Fort Artbar)
Tamato Hotel
IN CHINA
THINTAS
+ Tsintao Grand Hotel
For information, please apply to Secretary..
The Japan
Hotel Association
Care Trame Barsan. Department of Railways, Tokyo
READ... The First Book on Military
Operations in the Current Sino- Japanese Hostilities.
SİNO-JAPANESE WAR
BY PERCY CHEN
1937
LEARN... The Facts about the Campaign
STUDY
BUY.
of the Eighth Route Army in Shansi, Key Point of the North China Front.
The Details of the Battle of Tazang, Fiercest Battle Ever Fought Outside Europe.
As Editor-in-Chief of the China Information Service Mr. Chen is in a. position to deal authoritatively with his subject No student of Far Eastern Affairs should miss reading this book.
Sino-Japanese War 1937, on Sale at All Booksellers
PRICE: $3 (HK).
49 22
in nollow: W
So much that is beautiful and romantic awaits you in Austria Vienna-the world's : music • centrO; Salzburg--the festival dry; the Styrlan woodlandai the beautiful Danube valley; the lakes of Salzkam mergut and Carinthia: the Tyrol and Yondberg- lands. of picturesque permats and snow capped mountains; and the lovely landscapes of Lower and Upper Austria, Both for Summer Holidays: (Golf, Tennis, Swimming, Climbing, etc.) and for Winter Sporia, Austria has become more popular than ever. Come to Austria at any time of the year-you" may be mưa of a kindly, welcome.
Į
Come to Beautiful Romantic Austria
Cenidirable fare riductions um mullable: Accomm dation can be diviained from 6/6, a day. Trav!-with Anttila Travellers Chegins for convenience: Write for sparial summer de winter programmi of inclusive arrangments. dr. sin leading tourist (agasins, w AUSTRIAN STATE TRAVEL BUREAU, 119 y Strom, London, DA, England,
CRAWFORD
Stability Of Hong Kong Dollar Important Factor
1
NEW BAKERY IN STUBBS ROAD
..
4
NEW SOUTH SEA
Before concluding, I desin on Raymond. P. H. Suckling, and 8. LIP COLOUR, GIVES
behalf of your Board to pay special T. Williamson, and A. W. Brown tribute to your Secretaries and Ac-|(Manager). countants. Messrs Linstead. and
Shareholders present were:-- Davis, whose professional services Col. H. B. L. Dowbiggin, Messrs. W. covering the past three years, since Mackenzie, H. R. Forsyth, F. W. the reorganisation of the Company Stapleton. L. D. Danby. H. A. was undertaken, have contributed Ainslie. A. M. D'Eca. A. Sommer- so materially to placing the Com-
pany on a sound basis: further, to
felt. H. W. Randall.
EXTRAORDINARY MEETING
general
your Manager, Mr. Brown, and bis "I am happy to state that the figures presented for your con- staff, the thanks of the Directors and Shareholders are due for their alderailon reflect an appreciable expansion in the trading of the com-
untiring efforts, assiduousness and
At the extraordinary loyalty.to your interests of which pany for the period under review, to which improvement setera! causes have contributed in varying degrees, of which the Stability
tangible evidence is forthcoming in meeting held later, the Chairman of the Hong Kong dollar in relation to sterling may be taken as the
the excellence of the results with Mr. J. H. Taggart said: most important factor," said the Chairman, Mr. J. H. Taggart, at the
which you are now presented. In Gentlemen-The business of this ordinary yearly meeting of Lane, Crawford Limited. held at the
the circumstances. I feel confident Extraordinary General Meeting, of offices of the Company. Exchange Building, on Saturday.
that Shareholders will endorse the which due notice has been given. two additional delivery vans dur- action of the Board in voting as to consider and, if thought it, The Chairman said:
bonus on staff salaries, as some approve the adoption of new Ar- Turning to the Accounts, I aging the year.
Under the heading Bakery and recognition of the services. they ticles of Association. the figures happy to state that
For a period of three weeks the presented for your consideration Cold Storage Plant, annotation has have rendered throughout the past
revised Articles have been avail" roffect an appreciable expansion in been made covering commitments year.
There being no further matters able to members at the registered the trading of the Company for entered into for the new Bakery. the period under review, to which which expenditure it will be neces to which I can usefully reter, I now once of the Company and at the improvement several causes have sary to meet during the current deg to formally propose that the offices of the Company's solicitors, connection, your Report of the Directors and the and I assume that members have contributed in varying degrees, of year. In this which the continued stabilty of Bankers have agreed to finance the Accounts, for the financial year availed themselves of this oppor- the Hong Kong Dollar in relation project which incorporates com- ended the 8th February, 1938, as tunity to emmine the document to Sterling may be taken as the plete modernisation of this impor-presented, te adopted and that the and satisfy themselves that the most important factor, having re- tant department of your activities. Balance of $189,550.35 standing at contents are acceptable. gard to the consequent eradication embodying the mest up to date the credit of Profit and Less AC-
exchange disturbances thus methods of production based upon coun; be appropriated as follows: facilitating greater accurracy in the latest mechanical methods em-
To pay & Dividend at the rate of 8 per cent, un costing and ensuring steadier priceployed by leading British and levels.
American bakers and confectioners.
75,000 Shares
of
To transfer to General Reserve in order to bring same up to $150, ..000
To payment of a bonus
to Stall To transfer to Staff Pas-
Commodious and eminently suit- In the circumstances indicated, successful operation has now be able premises have been acquired come more the reward of efficiency in Stubbs Road and the preparE- than the outcome of favourable tion of the building and Installa- exchange movements, and this tion of plant is "progressing with taken in conjunction with the im- despatch. No expense is being proved lay-out of your store to spared in the furtherance nr the of public health and i which I propose to make further interests
Manrın that-when reference later-has assisted ma- confidently. terially to attract custom. afford completed the new Bakery will ing as it does a fuller display of be without equal in the Far East the comprehensive lines carried by in the manufacture of bread, cakes To carry forward to next your Company in the ordinary and confectionery under the most course of the business in which itemcient and hygienic conditions. Is engaged.
ין
11
ལ
THE BAKERY
and
sages
Contin- gencies Account in or- der to bring same up to $10,000
account
Total
The existing Articles of Asso- ciation were drawn up in 1832 on the incorporation of the Company, The law relating to Joint stock $60,000.00 Companies has altered consider-
}
LIPS NEW ALLURE!
Rods that fascinate. Juster that intriguos ... smoothness dewi sapilvares |
outh Sea reds, the sismor olisela South SesmüJen's ow ..alluring colours...beca they art, ready to rest your tips with new enchantment...new luster ...
- new spark!u.......new sofinem and kmoothansa. They are the shades
of the new TATTOO rentapu ant lipstick and one of them is
sure to exactly suit you. And
how, you'll love TATTO0'5 loyalty to your own lips; it's sa tubbornly indelible. It simply
on't leave your lips fat someone else's? See the five shades at your fayparise story. Various Nzes as prices to Ét overr purse. TATTOO your lim!
CORAL SEXOTIC.NATURAL., PASTEL, HAWAHAN
TATTOO
ably since then, with the result YOUR LIPS for romance!
}
that in many instances the terms
For your complete beauty treat- of the Articles of Association are
law. The ment, use Tattoo Powder, Rouge 44.480.58 at variance with the
main object, therefore, in pre- and Mascara (cream with brush).
Sole Distributor: 10,130.29 paring new Articles of Association
La to ensure that such bye-laws "AUW FIT SENG'S TRADING
CO., LTD. governing the internal affairs of
Hung. Kong. the Company shall comply with legal requirements as tald down in 7.376.50 the Company Ordinance No. 39 61 1932 and subsequent Ordinances 66.983.48 governing company law.
J
SECONDER'S SPEECH
in seconding the report and their statement of Accounts." Col. Dow-safeguarded. biggin said:
11
MR. HUGH LLOYD THOMAS'S £106,000
Sir Frederick Hiam Leaves £423,000
It would take too long to discuss $189,550.35 the various alterations and amend- ments in detail, and I 'ean only as- INFLUX TO COLONY
The present Bakery will, in turn.
sure members that in the new Ar- ticles of Association now submitted In common with the majority of be dismantled and the bulk of the
interests have been well
Mr. Hugh Lloyd Thomas, of retail stores, the turnover for the existing plant scrapped, in view of
Beauchamp, Shriven- year undoubtedly benefited to a which your Directors have deemed
Compton
Paris formally I now
propose for ham, British Minister, in marked degree from the influx of it advisable to write down Bakery
Cold Storage Plant to
formerly I rise with pleasure to second adoption as a Special-Resolution:-and
Assistant Private China residents to the Colony, re-and
$500-by A sultant upon the somewhat dis- nominal figure of
the adoption of the Report and
"That the Regulations contained Secretary to the Prince of Wales
one of
best the. urbed conditions prevailing in the transfer of $4.151.70 from the New Accounts, and the allocation of the
"In the Printed Document sub (1931-35),
the country, interior; in this relation. I may Bakery Plant Reserve; consequent balance of $189,550.85, standing at
"mitted to this Meeting, and for amateur riders in add that at the commencement of ly, the balance standing at credit credit of Profit and Loss Account
"the purpose of identification who was killed while taking part the Sino-Japanese conflict, when of this Reserve after giving effect as proposed by the Chairman.
"subscribed by the Chairman in a steeplechase at Derby on Feb. from to the transfer indicated-has been evacuees were pouring in
As representing the Sharehold- "thereof, be approved as the 23 last. left £106.657 n.p. £68, Shanghal, Our resources were written back to General Reserve in
"Articles of Association of the 200).. severely taxed; thanks, however, to the amount of $5.539.42 with re-es. I desire to express our grati
"Company in substitution for, Estate valued at £423,903 (n.p.
was left "and to the exclusion of, all the £315,922) our sound stocks position, coupled gard to the Burrows Street pro- fication at the increasea pront on
by Sir o! Burrell's with the diligence of your staff in perty in which the, old Bakery is the working. for the past year, and
Frederick Ham, "existing Articles thereof." coping with the exceptional situa at present housed, I am pleased to particularly that we are to receive
if some Corner, Grange-road, Cambridge. will kindly second the tho well-known East Anglian tion, we were enabled to meet the state that negotiations entered in-a larger dividend at 8 per cent. I and I shall be obliged somewhat heavy demands made to for the disposal of the property am in entire agreement with the member
Board in transferring $44,480.58 to motion. vpon our organisation, and such are practically completed..
General Reserve, and trust that On the proposal of the Chairman, the largest grower of potatoes in emall efforts contributed in no
Streks including stocks in tran-
the profit in future years will en-the new Articles of Association England, who measure
in allaying fears then st: $62.289.14-amcunt to $709.906 able the Board to allocate even were unanimously adopted. Mr. F. last, aged 66. Estate duty amount- prevalent as to a possible food 17, an increase of $40.090.30 over larger sums to Reserve Fund; it is w. Stapleton seconding." shortage, and the inevitable er last year: this increase is in pro-essential for the stability and pro- likely to accrue in the matter of portion to the additional busigress of the Company that this
stances.
profiteering under such circum-ness DOW being handled by policy should be adhered to.
the Company, and I destre to
We have listened with interest In view of the fact that the Ac-avaЛl myself of the opportunity counts are set out in considerable of assuring Shareholders that ade-to the remarks of the Chairman detall. I venture to" think that you quate provision has been made for as to the working of the Company will agree that little elaboration depreciation and for the contin- for the past year, and it is grati of the figures appears necessary. gency of deterioration and/or ab-
solescence.
WORKING PROFIT
Turning to the Profit and Loss!
गु
Account, it will be observed that
SUNDRY DEBTORS Sundry Debtors amount to $184,
sing to learn that, in spite of very keen competition on all sides, our turnover continued to expand-a tribute by the discerning Public to the high quality and excellence of
the working prent for the year 555.95, or an increase of $12,977.51 four varled stocks and the efficient amounted to $184,528.96 as com- (over last year. Here I would again and courteous service of our staff. Of particular interest to us is pared with $141,487.05 for the pre-refer to the Profit and Loss Ac-
account given of the steps ceding financial period, or an in-count, where Bad Debts amounting the
to instal an), up-to-date crease of $43,041.91 which may be to $4,661.71 have been written of; taken regarded with satisfaction, as not-such figure, although in excess of Bakery, and I have no doubt that withstanding the factor of in-last year, represents a very low this will redound to the benefit of creased turnover, it has been the percentage of loss when compared the Company by an increase, both policy of your Board to retain with our turnover. The reserve in business and reputation of the
against Doubtful Debts remains in- Company. keenly competitive prices.
TRIBUTE PAID
On behalf of the Shareholders. I am very glad indeed to associate
The charges debited to Profit tact at $10,000.-and Is-in the and Loss are normal and call for opinion of your Directors-ade- Ittle comment other than to ex-quate for the purpose for which it plain that the Repairs and Re-was created. newals item is represented by ex- Turning to the Liability side of myself with the remarks of the penditure incurred in respect of the Balance Sheet, the General Re-Chairman in appreciation of the minor damage to Exchange Build-serve stands at $105,539.42 as a re-excellent work done for the Com- ing and our Burrows Street pro-sult of the appropriation of $100, pany by Messrs. Linstead and perty, occasioned as a result of the 000 to that account at the last Davis, and Mr. A. W. Brown and typhoon of September last, Ex-Ordinary Yearly Meeting. together the stan, and how pleased we are penditure Store alterations with the added amount of $5.539.42th the Board are paying a Bonus covers an extension of the depart-brought to credit from the Reserve to the staff, I would like also to ment handling Toys and Games, created for the New Bakery plant add my commendation to Mr. Webb of com-to which I have already made re-and the staff of Cate Wiseman for together with the cost pletion of the East Lane Annex of Cerence: should the recommenda- the excellence of their
catering, which I·Lave experienced Exchange Binding, for the sale oftion of your Board-to transfer a bread, cakes and provisions, thus further sum of $44,460.58 to this on a great number of occasions providing facilities for the pur account be approved this will during the past year.", chasing of foodstuffs, on Sundays have the effect of bringing the and holidays when the Main Store figure up to a round $150,000.00. is closed; the amount involved at $2,280.80 does not in the option of your Board-warrant capitalisa- tion
FIXED ASSETS
TRADE INCREASE
outside
Finally, I would like to thank Mr Taggart and the Directors för their good work on our behalf; as shown in-their-Report:
With these few words, I beg to second the adoption the adoption of the Report and Accounts as pre, sented. Be prep
Trade Creditors amount to $233, 511.22, increase of $48,786.64, which is a natural outcome of increased busincas, whilst our indebtedness to Paasing to the Balance Sheet, it the Bank is reduced by $83,712.55
Mr. R. A. Dastur was re-elected s will be noted that the total axed as compared with last year, a post-director of the Company, on the assets after applying the usual tion which I think may be con- depreciation stand at $2.440.574.11 sidered as gratifying, having proposal of Mr. W. L Mackenzie as compared with $2.460.882.34 last gard to the fact that such redne seconded by Mr. H, A. Ainslie year. In which connection, capital tion has been effected after fin expenditure, amounted to $24.521.78ancing the increase in Stocks, the comprising the acquisition of addi-payment or the dividend distribu- tional Fixtures and Fittings to ton sanctioned at the last Ordin gether with a small amount forary Yearly Meeting, together with Restaurant appointments. Te was the capital expenditure which has also found necessary to purchase been niet.
Messrs. Lowe, Bingham and Mat- thews were re-elected sa auditors of the Company,
The following Directors were present:
MCBET. J. EL Taggart (Chair-, || man); R. A. Dastur, A. Morse, E. M.
No.77 SET
agriculturist.
considered to
ed to £111,782.
03 vnt avan
BETTER VALUE
THAN EVER
died
be
on. Feb. 28
The Gillette No. 77 Set illustrated here; which contains the latest Gillette razor," three Blue Gillette slotted blades and two blade holders in a new type of moulded bax, has thesa dedinile advantages.
The razor is I made in two places instead of three, as formerly thus making it easier and quicker to clean, essemble and use. The blades are made by the new electrical-tampering process. Banner ihivous than you have They give not only doser, ever had before, but also more shayes par blade. The case is ideal for hot and humid climates as amy to keep clean.
Ask your dealer lo show you a No. 73-Sel-one of the meal popular that Gilletta have ever made.
Gillette
BLUE GILLETTE BLADES
... L