HONGKONG DAILY PRESS
Godown Company Shows Another Good Year
Profits Reported To Be Well Above Average
Prosiding at the annual general meeting of shareholders, of The Hongkong and Kowloon Whart and Godown Co., Ltd., "yea. terday, the Hon. Mr. J. J. Paterson, in proposing the adoption of the Report and. Accounts, revealed that the profit on working for 1939 was $1,593,938.07 as compared with $2,241,612.24 for the previous year, a decrease of $647,67417 'or nearly 29 per cent.
Mr. Paterson went on to say, hand or contemplated. There was however, that 1938 was a record an exception to this rule, however: year and the earnings abnormal, arrangements for more efficient He added that the figures for the passenger facilities at No. 1 Jear under review were well above | Whart have been temporarily normal as the average working postponed. The delay is only profit over the ten years ended in temporary and is due to decreased 1937 was $1,015,312..
passenger traffic.
Messrs. J. H. Jessen, T. B. Wilson
In these days of uncertainty, and H. V. Wilkinson were re- one thing at least seems clear, we elected to the Board of Directors have to provide storage and to do while Mr. A. HL Penn
Was er this it is necessary generally to appointed to the Board. following
adhere to our building pro- his return from leave.
gramme, replacing old buildings with, modern and giving clients"
CHAIRMAN'S SPEECH
Addressing the meeting
the those facilities they receive else chairman said in part: Rates where and properly expect. Dur- and Taxes Account for 1939 was ing the lean years we clung to $137,052,59, an increase over 1938 many of the older gadowns which of $58,410 32 or 74 per cent. Rates now are uneconomic; some have and Taxes are calculated by Gov-been replaced but more remains *rnment on the Receipts and to be done, and fortunately the Expenses" method and this ex-Company's financial position al- plains the large increase during lows us to replace "essentials. One more transit shed and two six-storeyed godowns will be built this year.
1930.
The
SECONDER'S SPEECH
chairman then proposed
Earnings for 1939 were down by $772,480,47 or 18.5 per cent and working expenses were down by $124,807.30 or 6.5 per cent.
The cost of fuel and stores for the adoption of the Report and launches. cranes, etc.. has in-
accounts, and in`rising to second -creased very 'considerably; the
the "motion Mr. G. G. N. Tinson cost of repairs and general up-
sald:- keep is also much higher at pre- sent than it has been for some years.
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You are all aware that Gov- ernment may shortly institute an additional tax on profits of Companies such as ours, and this will have to be met out of earnings. To make provision for this a larger amount than is customary has been carried forward in the Accounts.
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I should like to refer to the death of Mr. P. M. Hodgson who seconded the Report and Accounts last year, and whose recent death hes deprived the Colony of one of its oldest and most respected
members. I am sure the aymi- pathy of all of us goes out to his widow and daughter.
It must have been patent to all shareholders during the course of last year that the results, which would be placed before them at. Last year the Chairman
this meeting, could not be ex- ferred to the shipping situation in. America when regular pected to be as good as those for the year 1938, as the latter to a American vessels visited the port
brought about between October 21 and December large degree were 2. 1938. I am happy to say that by the very abnormal conditions during the past year the service which existed during that year.
no
of Americari vessels to Hongkong has been resumed and
expect AN Increase in Pacific cargoes.
WAR EFFECT
JAPANESE BLOCKADE
LADIES DAY AT ROTARY CLUB
GENERAL
Jockey Weds At Registry
MR.
CHOY WING.
Coloured lantern slides, from CHIU AND MISS
photographs" taken
colour,
showing various scenes of London and other parts of the British Isles, were shown to members of the Hongkong Rotarians Club their guests yesterday by Lt. Com. J. C. M, Grenham.
It was Ladies Day and there was a very large gathering present. Mr. L. C. F. Bellamy, president of the Club, was in the chair, and was assisted by Mr. Harry Hong Sling, the Club's popular and energetic secretary
Many of the pictures shown by Lt. Commander Grenham were excellent specimens of colour photography in which contrasts in shades were exceptionally well reproduced. They were all taken by Lt. Com. Grenham.
The pictures were shown to the accompaniment of appropriate music while Lt. Comdr. Grenham made an excellent commentator.
The
of thanks to vote
the
speaker was proposed by Rotarian Walter C. Clark.
WITTY PAPER
ON GRAMMAR
English Asscn.
Meeting
An interesting, provocative and witty paper on Grammar was read. by Mr. C. G. Sollis. Director of Education, at a meeting of the English Association held at the Helena May Institute yesterday.
tached an
PHYLLIS GROSE.
The... wedding took place yesterday morning at the Registry, Supreme Court, of Mr. Chay Wing-chlu, secre- fary of the Star Tax Co., Ltd, and Miss Phyllis Grose, The familles of the two parties are well-known in Hongkong, the bride being the youngest daughter of Mr. J. F; Grose, member of the Hongkong Sharebrokers' Associa- tion, and the bridegroom the son of Mr. Choa Po-min, member of the Hongkong Stock Exchange.
A racing enthusiast, the groom "has had many successes as a joc-
key, both in Hongkong and Ma-
cao, while
the bride, who gra- duated last year from the Hong- kong University, with the degree of Bachelor of Arts, is extremely popular in many circles.
Mr. T. 8. Whyte-Smith, Re- gistrar of Marriages, ofcinted at the ceremony, the witnesses be- ing the fathers of the happy couple. The bride's sister, Miss Margaret Grose, was bridesmaid, while Mr. Andrew Tse was best
man
In the afternoon, the newly- weds, received the good wishes of their many friends at a recep tion at the Hongkong Hotel, where the felicitous toast "was proposed by the Hon. Mr. M. K
Lo..
OTHER MARRIAGES
Other marriages registered at the Supreme Court Registry yes- terday were as follows:-
Mr. Chan Wai-cheung, teacher. No. 30. Po Hing" Fong Street, Arst floor, and Miss Ching Sul-hing, No. 89. Bonham Strand, third floor.
His Excellency the Governor, Sir Geofry Northcote, took the chair. There was a large at tendance, and many took part in the discussion, that followed.
Most schools and teachers at- Mr. Chung How-liang, draughts- exaggerated import- men, No. 152, Fa Yuen Street, ance to
the study of grammar, second floor, and Miss-Yuen: Shul- said Mr. Sollls, who proceeded to chun. 27. Lee Tung Street, first combat the autocratic attitude of floor.." grammarians and suggested the Mr. Wong Ying-lau, student, need for a more tolerant and less No. 87. Bonham Street East, and superficial treatment of language | Misa "Chan Chee-ping. No. 8, then is given in orthodox gram- | Gleneally. mar books
Mr. Poon Chan-keung, mer- His Excellency thanked speak-chant, No. 3, Wing Wah Terrace, er, while Mr. G. P. de" Martin, and Miss May Wong, No. 297, observing that it was the last Hennessy Road, second floor,
Mr. Tong Mon-hual, merchant, meeting of the present session
and that the Hon. Secretary, Mr. | No. 45, Wanchal Road, and Miss K. W. Salter, would shortly be Lal Sau-chun, No. 986, Portland leaving the Colony, "proposed a Street. vote of thanks to the latter for his hard work and wished him the best of luck in the future.
Mr. Chan Man-Suen, No. 4, Sul Wah-fong, and Miss Sum Tak tsing. No, 41," Conduit :Road...
NEWSETTES
We can During the year in question Trans-trade from this Company's point of view must have been extremely difficult; first of all due to the almost complete blockade The result of the declaration of
of China's coastal ports by the Jap- war in September last was a con- alderable decrease in arrivals and anese and during the last three cargo in November, due to the months of the year under review temporary cessation of shipping by the outbreak of war in Europe, and I think, therefore, that all from Europe and other parts of the world while adjustments to shareholders must be extremely war-time conditions were made. satisfied that the Accounts show
Sir Frederick Maze has been Owing to unavoidable circum- a substantial surplus over the
elected a Member d'Honneur de stances. It has been found neces- arrivals and tonnages had re-average for the ten years 1928 to Association du Musee de Marine, sary to postpone the proposed Toc F. Bocial and Dance from Tuesday, April 9 to Tuesday, April 16, at 8.30 The annual general meeting of p.m. The function will be held in the Institution of Engineers and St. Andrew's Church Hall. Shipbuilders of Hongkong will be beld in the rooms of the institution on Friday at 6 p.m.
At the end of the year, however,
turned to normal and there seems
1937.
a reasonable chance that traffic. It is also a matter for congra-.
tulation that, the Directors still
continue with intend to
thel building programme for further modern and up-to-date godowns.
will hold up.
The shortage of
storage space continues and at present we have very little working space.
not without the
PROGRESSIVE POLICY
During the year under review we were able to cope with all de- It is obvious that no Company mands on our storage space but can stand still, it must either go greatest diff forward or backwards and the calty, and congestion in godowns building programme, to which the is again acute. The provision of chairman has referred, shows that additional storage space is there-the directors have full confidence fore of great importance, and is in the future of this Colony, receiving the careful consideration which I am sure is shared by all of your Directors.
of us, and also that they
have every intention not only of main- taining the position of this Com- pany but of enhancing it.
BUILDING PROGRAMME Last year the Chairman report- -ed the start of a building | Pro- gramme and this is being carried out as rapidly as possible.
Were
The Coolle Quarters finished just after the end of the year, were officially opened by HE. the Governor, Bir Gentry Northecte, on February 3, 1940, 'and were occupied by the Coolles
en February 5.
I feel sure the better housing of our Coalies will have satisfac tory results.
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The new six-storeyed godown is under way; the first --three floors are practically completed and two of these floors are com- pletely occupied.
Demolition of No. 3 Wharf has commenced and we are proceed. ́ing as rapidly as possible with construction of the new one which will be 600' x 60' as against 500'37 for the old Wharf,
Paris.
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A large number of Chinese primary school teachers formerly serving under the Municipality of Founding
The 25th Anniversary of the Greater Shanghai, who were
of College will be observed
St. Paul's Girls' thrown out of employment after Lee Hysan Hall on April 24 at pealing to the Ministry of Educa the the loss of Shanghal are now ap- 5 p.m. His Excellency the Gov- tion for relief ernor and Lady Northcote will be present.
4.
in
侮
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Nearly 300 members and guests of the American University Club His Honour Judge Sir Allan attended the farewell dinner and Mossop, Judge of HBM Supreme dance in honour of Mr. Clarence Court, has consented to have his F. Gauss, first American Minister hame proposed as chahtman of the {to «Australia, on Mar. 28 at the annual meeting of ratepayers to American Club. President William be held at the Face Club Stand Z. L. Sung. Dean of St. John's' on Wednesday, April 17, at 230 University, presided. Brief spee maintained p.m.
ches were made by Judge Millton J. Helmick and the "Australian
It is also a matter of congra- tulation, I think. that storage rates, despite increased working expenses, have been
at their previous low figures and
it is hoped that the Directors The Chinese Kuomintang. Office Trade Commissioner. Mr. V. G. will be able to maintain these and other overseas" "Chinese or-Bowder rates as long as possible,
ganisations in Europe have jointly
THOSE PRESENT
Messrs, Percy, Smith, Seth and Flemming and Messrs. Linstead and Davis, were re-elected audi-
tors.
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FINEST
WEDNESDAY, APRIL 3, 1940.-PAGE 5
QUALITY MEATS!!!
"FARM FED" PORK
LOINS..
80c. per lb.
LEGS (whole or half).. 70c. per lb. BELLY (fresh)..
55c. per lb. ROLLED SHOULDER
(boneless)
$1.10 per lb.
AUSTRALIAN BEEF
TOPSIDE
65c. per 18.
SIRLOIN ROAST ...........65c per 16.
RUMP STEAK.:
75c. per-lb.
FILLET STEAK
$1.30 per lb.
AUSTRALIAN
LEGS (3-4 lbs.).
LAMB
70c. par lb.
SHOULDER
(2-4 lbs.).
50c, per lb.
LOINS.
90c, per lb.
CHOPS
PORK SAUSAGES $1.00 per lb.
PARIS SAUSAGES $1.20 per lb.
PROVISION DEPARTMENT
LANE CRAWFORD LTD.
The House of Quality & Service
FARMERS IN LITIGATION
A dispute over a loan of $300 was heard in the Summary Court before Mr. Justice R. E Lindse!! yesterday when two Chinese far- mers from Po Kung village were the complainant and the defen- dant respectively.
ہیں
Cheung
Yin Kam-yung sued Wai-kam for the recovery of $378. this $300 represented the amount of the loan obtained on a Chinese borrowing note, and $78, being balance of $118.50 due and as interest for 13 months
Ave days from Feb. 14, 1939 to Mar. 7, 1940 at the rate of three cents in the dollar.
" The plainti admitted that the defendant had paid him $42.50 of the interest and that there was only a"balance of $76, still due to htm under this head...
Mr. C. A. Sutherton Russ ap- peared for the defendant and Mr. Hall for plaintif
The plaintiff, in his evidence, ald that the defendant had alleged that he (defendant) had paid plaintiff $300 at the office of the
Secretary
Chinese Affairs, and he denied further
lability.
for
Hearing was adjourned to April
NEWSBOYS AND BOOT - BLACKS ARE ENTERTAINED
The
With these remarks, I have! Benta cable to Generalissimo Mesdames Sun Yat-sen. Chiang
A very interesting party was (March 31) much pleasure in seconding the Chiang Kai-shek expressing their Kai-shek and H H. King, who held last Sunday adoption of the Report and Ac-indignation at Wang Ching-wel's arrived in Chungking from Hong- evaniris at the Chinese Y.M.C.A. counts as presented, -
conspiracy against the State and kong by plane on March 31, will in Kowloon for the news-boys and pledging unflinching support to the shortly visit the various co-opera- boot-blacks. The motion was then put to the National Government in Chung- tive units, relief organs. and
There were 240 boys present at meeting and carried.
king.
women's organisations in the the party, and all those boys had rear. Madame Kung, who
a lively time. The way scouts anu cles have agreed to continue to of the industrial
Bhanghal Chinese banking cir- deeply interested in the progress Rovers of the Chinese YMCA
co-operative
provided a very enjoyable pro- extend credit loans to legitimate movement, is planning to develop gramine of stories, jokes, snake business circles to meet their ur the hemp industry.
dance, magic and stunts. gent requirements, but are deter-** The attendance was as follows: mined to assist the two When war broke out in Septem-
boys themselves participated in a foreign "ber last, fortunately the contracts Hon. Mr. J. J. Paterson (Chair municipal authorities in checking shortly leaving Shanghai on re- the party they received a bag of Mr. G. F. Forshaw, who ta number of games. At the end of for all the equipment for the new man), Hon. Mr. 8. H. Dodwell, Mr. speculation in commodities.
tirement to England was enter cake and sweets. zodown had been concluded, and H. V. Wilkinson, Mr. A. H. Comp-
The Service Committee of the tained to dinner at the Shanghal all the steel for the Coolte Quar-ton, Mr. J. H. Jessen, Mr, T. B.
The wedding took place on Mar. Club on Mar. 27 by a very repre- Y's Men's Club of which Mr. Ho ters, New Godown and the Wharf Wilson, Hon. Mr. M. K. Lo, Mr. C. "had arrived or was en route. It C. Black, Mr. A. H. Fenn (directors) King. Shanghai af Mr. William or the Shanghai Cricket Club. Peter 8. Wong, Lee Stu Wing, Lee 26 at the Church of Christ the sentative gathering of members Bhiu-que is chairman and Messrs. was obvious that" If the work wire and Mr. C. M. Manners (Becretary Stephen, Ellerington James, son Opportunity was taken to wish Mr. Yuk Tong. 8. B. Tan as members not proceeded with the ultimate and Manager),
of "Mr. and Mrs. T. E James, of Forshaw "God Speed" and many haa organized a permanent club costs of the development would Shareholders:-Messis, Chas. London, and Miss Marte Madeleine happy years of retirement in the for these boys Mesars. C. F. be far in excess of the present Terry, J. H. Beth, G. B. 8, Thom-de Pryde, daughter of the late Mr. Old Country which he first left. Wong. Dr. Fr Tseung and WH- figures and so we decided to pro- son, Kwok Hin-wang, D. Macken- W de Fryde and Mme de Fryde, some 32 years ago to come to Ham Vinson Lee are founders of cred with work which was in Zle and G. G. N. Tinson
of Tsingtao. The Rey Leo F. Mc China. Greal, sij., officlated.
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the Club.
$1.00 per Ib.
LEGS OF
MUTTON
50 C*PER LB.
NOTICE
Tel. 28151.
CHANGE OF BUSINESS HOURS
WE BEG TO INFORM OUR CUS.
TOMERS THAT AS FROM APRIL 1ST, OUR BUSINESS HOURS WILL BE CHANGED AS FOLLOWS:--
WEEK DAYS.
SUNDAYS
.From 9 am to 7 p.m. .From 1 p.m. to 7 pm,
THE SINCERE CO., LTD.
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