PAGE 10-HONGKONG DAILY PRESS
i
LAMMERTS' AUCTIONS
"
NEW MEDICAL
DISCOVERIES ABOUT INDIGESTION
Relief quick relief-is your one over-
PUBLIC AUCTION. whaling ascensity when suffering from
THE
stomach pains and indigestion. That is why leading medical authorities specialista, doctors, hospitals-recom
HE Undersigned have received mend and specify Baurstad Magnia
Instructions
to sell by
PUBLIC AUCTION
OD
Saturday the 23rd. Dec. 1939
commencing at 11 am.
at their Sales Room, No. 2 Con- naught Road Central, 2nd Floor.
9 cwt. "SURETITE" Manganese
Jointing.
3 cases Ceylon Tea.
9
cartons Pineapple.
3 bags Tapioca Flour.
and
A QUANTITY OF HOUSEHOLD
AND OFFICE FURNITURE
Terms: Cash on Delivery.
LAMMERT BROS.,
AUCTIONEERS,
PUBLIC AUCTION.
THE Undersigned have received
Instructions
to sell by
PUBLIC AUCTION
от
Friday the 29th. December 1939. commencing. at 11.60 a.m.
at Room No. 306, Bank of East
Asia Building, 3rd, floor.
A Quantity of Newly Arrived, Latest Fashion Ladies Dresses and "Fur Coats.
also
New Brussels Carpets,.
and
Shop Furniture and Fittings.
Оп View from Thursday the 28th. December 1939.
On View on Day of Sale,
LAMMERT BROS..
AUCTIONEERS
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
on Thursday, the 28th day of December, 1939 commencing at 3 p.m. at their Sales Room No. 2 Connaught Road Central (Room No. 205, 2nd floor),
The
VALUABLE LEASEHOLD
PROPERTY
Situate in
New Territories of the Colony of Hong Kong and regis- tered in the District Land Office North at Talpo as District No. 181 Lots Nos. 2 and 671 together with all messuages erections and build- ings thereon.
For further Particulars Conditions of Sale apply to:
and
Messrs. HASTINGS. & Co.. Bolicitors for the Vendor, 15-19 Queen's Road Central, 1st. floor, Marina House.
or to
Messrs. LAMMERT BROTHERS, Auctioneers.
LAMMERT BROS.
AUCTIONEERS.
Hongkong, December 1839
for even the most obstinate cases of dyspepsia, oid tombeh and gastritis,
They know (for they are in touch with the latest developments in medical prac tice) that
recent medical research and Bumerous X-ray photographs of actual cases of indigestion, have proved Biror ated Magnesis to be the quickest-sating and the most affective stomach ramedy known to medical science.
Bisurated Magnesin is a complate treatment for the prompt zalief of all stomach troubles. Not only is it a patent neutraliser of the harmful acids which canso indigestion and stomach ulcar it also spreads a soothing, protecting film over the inflamed stomach lining.
Got Bisurated Magnesia powder or tablets from your chemist or store to day--but always look for the oval "BIS. Į MAG" sign on every package if want the quickest-acting stomach re medy known.
you
TODAY'S STYLES
START WITH A HICH,
PROUD, FLOWING
BUSTLINE -
SPIRAL
by
Formfit
Stylish figures are strictly feminine this season, 'there's no doubting that und no other item adds so much to your final charm score as Spiral. It molds after the idealized perfect bustline does it "health- fully, comfortably, and dramatically effectively. Styles to it every need in widths for small, aver age and full development.
OBTAINABLE AT
ELITE
FINANCE
Finance and Commerce
China Light And Power Co.'s Record Profit: Big
}
Demand For Current
THE NUMBER OF FACTORIES, BOTH LARGE AND SMALL, WHICH HAVE COME INTO BEING IN HONGKONG SINCE THE OUTBREAK OF THE SINO-JAPANESE HOSTILITIES, bringing with them machinery which previously operated in other parts of China, was referred to as a factor in the growth of the China Light and Power Co., Ltd., at the Company's 21st annual gen- eral meeting held yesterday
The Chairman, Mr. Lawrence Kadoorie, said: "These factories account not only for a larger consumption of electricity for
power, but also for a considerably larger number of units for the lighting requirements of the increased population in the area which your company serves.”
The Company made a record profit of $2,045,851.64 cts. (gross) for the year under review.
The meeting, which was held at the Company's head-office In St. George's Building, was well attended. The Chairman. Mr. Lawrence Kadoorie, Ler. Hon, presided and Sir Elly Kadoorie, K.B.E.; Com. Leg. Hon., the Hon. Mr. M. K. Lo Messrs. A. I Compton, J. P. Braga, OB.E, Mr. Albert Ray- mond, Mr. I. N. Murray (Acting Manager) and Mr. John Y. Braga (Acting Secretary), Miss Stella Bander, Dr. PH, Rutton- Jee and Messrs. J. A. Alvares, S. M. Bander. Noel Braga, Chua Seng Choo, F. C. Clemo, A, S. Gubbay, W. B. Haslett, Lam Shu Tak, Lee Walt, Li Shiu Jone, Lo Kal Wing. Lo Wan Kwan, P. Morton, D. W. Munton, C. M. da Silva, B, C. Tavadia (representing Mrs. G. B. Tavadia) and Tsang Kwok Kuen (Shareholders).
The Acting Secretary having read the Notice convening the Meeting and the Auditors' Re- port. the Chairman said:- Ladles and Gentlemen,
CHAIRMAN'S SPEECH
•
necessity play an important part in the future development and in- dustrial facilities afforded by this Colony. Its prosperity is closely linked with the industrial section of this community and to the wel tare of its many consumers.
It is sincerely to be hoped that in these uncertain times, pending legislative measures for raising revenue will not be of such, a radi- cat nature as to discourage fur- ther new industries from settling in this Colony.
The fact must not be last sight of that the great attrac- tlon of Hongkong and the Mainland for the establishment of factories has been their freedom from vexatious im- posts and inquisitorial search- Ings so greatly resented by Chinese Capital.
The Hon. Mr. M. K. Lo seconded, and the report and account were adopted as read.
OTHER
BUSINESS...
The Hon. Mr. M. K, Lo and Mr. J. P. Braga, retiring directors were re-elected" on the proposal of Mr. Lam Shul Tak, which was second- in proposing the adoption of the ed by Mr. J. A. Alvares. report and accounts. the chairman said, in part. The gross profit forthews. and Messrs. Linstead and Messrs. Lowe, Bingham and Mat- the year amounted to $2,045.551.64 Davis, were re-elected auditors for us against $1.683,109.86 for the pre- the present year at a remunera- Veus financial year. After chargition of $1,800 each. This was pro- ing profit and loss account with posed by Mr. F. C. Clemo directors and auditors' fees, in-seconded by Mr. C. M, Silva..
and terest, depreciation, etc., the nett profit stands at $1,136,616.13
The provision for depreciation amounts to $873,265.66, as compar- ed with $545.875.31 for the preced- ng year, After allocating $80.000- 0 to reserve, re-General Mana-
Cuve
13
gers' Rights and $25,000.00 to a special Contingency Reserve, we sum (inclusive of the $104.688.25 brought forward from last year) of $1.156,304.38 available tor distribution.
Your Directors
recommend
the declaration of a dividend at the rate of 50 cents per share on the\"Old" shares and proportionate amounts on the "New" shares absorbing about $1,003,185.30 and that the balance of about $92,819.08 be -carried forward. ·
EXCEPTIONAL CONDITIONS
V
H.K. STOCK EXCHANGE
The week has unfortunately not borne out the promises of its pre- decessor. There has been no set back in prices, but buyers have assumed an indifferent. attitude as a consequence of disappointment in that their offers have met with a poor response from holders. BUSINESS DONE DURING THE WEEK
H.K. Bank, $1345, $1350, $1340. Bank of East Asia, $78. Union Ins.. $412). Wharves, $102.
Docks, $191, $19.45, $191. $19.80.
$191.
Providents, $4.60. $41. Hotels, $4.90, $5.05, $5. Humphreys, $3. Realties, $4.40. Tramways.
$174. $17.20, $17.
$16.90. Yaumatt Ferries, $24. China Lights (0), $81, $8.20. Electries. $53, $531, $53. Telephones (O), $241:- Telephones (N), $87.' Cements, $161. $181. Ropes, $6.
Watsons, $8,85. Entertainments, $6. Constructions (O), $14. HK. Mines, 4. cta.
BUYERS
HK. Bank, $1350. Chton Ins., $200. Union Ins., $410. Providents, $41. Tramways. $16.30. Star Ferries, $861. Yaumati Ferries, $23. Cements, $163.
Dairy Farms '(N), $203. Entertainments. $6.60, Constructions";(0), $iş,
SELLERS
Providents, $4.60. Telephones (0), $23 Watsons, $9.
SALES
Fire Ins., $185. Providents. $4.52. Yaumati Ferries.. $24. China Lights (N), $5. Electrics, $53.
Cements, $16.
MANTLA GOLD SHARES Atoks 191s, Antamok 17js, Bagulo There being no other business, Gold 161s, Batong Buhay .0145, usual vote of thanks to the chair. the meeting terminated with the Big Wedge, 231s, "Coco Grove 171s,
Con. Mines 003s, Demonstration 101s, LX.L. 425, Ipo Gold 141s, Ito- gon Mining 30s, Manbulao Com 0178, Masbate Con. 11js, Mine Operations 111s, North Gamarines
U.S. - JAPANESE TRADE RELATIONS 185, Paracale Gummaus 176, Ban
SHANGHAI, Dec, 23 (Int'l)-Mauricio Tokyo dispatches stated that Ja- 18uyoc Con. 153. Syndicate Invest- 873, Surigao Con. 17b, panese expectations that the ment 025s, United Paracale 341s, United States will make a favoura- Mindanao Motherlode 0918. ble response to Foreign Minister! Nemura's plea for a renewal of a commercial treaty with the United States are keyed to a feverish pitch.
HONGKONG
SHAREBROKERS
ASSOCIATION
Tokyo newspapers, such as the Kokumin and Yomiuri, hinted that Admiral Nomura will have to re-i sign if the United States does not China Lights (0) react favourably to the Japanese 'Docks gesture of opening the lower sec- Providents
Watsons
Volume Of Business Transacted on Friday, Dec, 22, 1939.
It is obvious that since the out-tion of the Yangtze. break of the Sino-Japanese nusti- litter in 1937, the Company has operated under very exceptional conditions. Those conditions, which became accentuated dunng the period we now review, have ac- counted to a great extent for ar increase in the nett profit of $73.- ! 595.63 for 1938/38.
Mr. Kadoorte then referred to the growth of factories in Hong- kong and the increased demand for current.
In placing before you a re- cord profit. It is necessary to mention the greatly increased costs of various items of car- rent expenditure, the most im- portant being for coal.
111 8.10
500 .10.80
1,000
500
4.52) 8.85
U.S. War Traders Press For Neutrality Let Up
10
NEW YORK, Dec. 5 (Havas Air)Dissatisfied with the trouble and uncertainty resulting from application of the Neutrality Law, foreign traders have begun agitation for outright repeal of the act when Congress reconvenes in January. All agencies concerned have been trying to clarify the essential terms of the act with respect to practical day-to-day business, but the result has been only that the act continues a source of extreme difficulty for all exporters. What they want now, "according to their spokesmen, is outright repeal. or at least, radical modification of its chief provisions. Foreign trade spokemen normal peacetime goods to ports your Power Station at Hok Un to- of the year they will have de- There is precedent for the prac Bether with the plant which was veloped broad support for tice of letting ships go into battle THE Undersigned have received being installed therein. I am glad their demand that Congress zones at their own risk, it is claim-
SHELL HOUSE
NEW POWER STATION Last year your Chairman made;
PUBLIC AUCTION, mention of the new extension to predict that by the beginning abroad.
instructions
.
to sell by
PUBLIC AUCTION
***
Thursday the 28th. December '1939 commencing at 5.15 p.m.
at their Sales Room, No. 2 Con- naught Road, Central, (Room No. 205, 2nd. Floor).;
A VALUABLE COLLECTION OF POSTAGE STAMPS
On View from Wednesday the. 27th December -1939,
Terms: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.
receiving the final touches before
makers.
EXPORTERS' TROUBLE Another source of difficulty is
to record that this building is now alter the measure to permit ed. Greece pursues this practice, its formal opening, and that the American ships to carry cargo fighting areas that they do so with
warning vessels that proceed to 120.000-lb. capacity International to any place in the European out hope of any ald from the gov- Combustion Boller and 12,500 KW. war zone upon agreement of Metropolitan-Vickers Turbo Alter- shipowners and traders that trouble or suffer any losses.
ernment in case they get into nator have already been commis-such voyages will be entirely aloned and are fulfilling the re-at their own risk. Such an quirements. guaranteed by the agreement, they state, would said to be the fact that the law free the United States Gov-requires title on goods to be vested ernment from any danger of in foreign ownership before pasé- being involved in any disputes ing out to the high seas. But by with belligerents over
the lan oversight this was made to apply sinkings or seizures of Ameri-(only to exports from American can vessels.
!shores to Europe, and not to Im- Exporters claim that the Ameri.
ports from Europe, Goods bought can vessels now barred from com- by American importers in Europe bat zones are an important part with the result that they are are usually paid for over there of the transatlantic service to these ports and will be increasingly Thus goods patrchased in Germany American goods when shipped, missed as the war goes on. Before become subject to the Allied ca long bottoms, will be lacking to
The 200,000-lb, M.C.R. Tri.: dram Water Tube Boller, which has the distinction of having the largest travelling
grate stoker in the world is nearly ready for operation, almost all of the essential parts having
·been received here prior to the autbreak of War. This is for- tunate since new equipment of this type is now practically unobtainable even at substan- tally increased prices..
IMPORTANT PART
The character of your under- exorbitant prices will have to be State Department by American carry vital materials overseas and Port blockade, and this fact has already brought protesta to the taking Is such that it must of paid for chartered tonnage to carry
importers,
SATURDAY, DECEMBER 23, 1939.
G YOUR CHILDREN
TO ATTEND
CHRISTMAS
TOY LANDIN
NOVAT
OLA MATURED SCOTCH WHISKY,
- MIDEX:SON ULANAN & CLI
EZE NASTANITTLING DELAY
1st floor
THE SUN COLTR
HONGKONG
GRIERSON'S
VAT. 1
Finest Old Matured
SCOTCH WHISKY
KNOWN THROUGHOUT
SEVEN REIGNS.
AT ALL COMPRADORES & STORES
Sale Agents:
HIMLY, LTD.
32, CONNAUGHT ROAD, C.
PHONE: 20401.
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KIRIN
The
B
E
E
Choice of
The Multitude
Sale - Agents:
H. HONDA
Tel 20720.
R
& 00.
Johnston Road, Hong Kong.
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