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HONGKONG DAILY PRESS
Bank Of East Asia Reports Highly Successful Year
Taking into consideration the present disturbed and unsettled conditions in the world. a highly satisfactory year was reported by the Hon. Sir Shouson Chow, Chairman of Directors, when presiding at the 22nd ordinary yearly meeting of the Bank of East Asia, Limited, held at No. 10. Des Voeux Road Central on Saturday afternoon.
Sir Shouson was supported by I do not think there is anything Messrs. Li Koen-chun, P. K. Kwok, further that requires my comment, Wong Yun-tong, Chan Ching-shek, and I now beg to propose that the Li Lan-sang. Wong Chu-son report of the Directors, and ac- (Directors). Kan Tong-po (Chlef counts as presented be adopted Manager) and Hon Mr. Li The land that the balance of $933.870 06 fong (Manager)..
standing at the credit of Profit land Loss Account be dealt with as
follows:
CHAIRMAN'S SPEECH
To Pay & Dividend of
$6.00 per share on 55,- 986 shares
Gentlefhen. before I proceed with → the
ordinary business of this meeting, I have to record with deep regret the death of the late Mr. Han Ying-po which took place To on July 11 last year. The late
$335,918,00 Transfer to Reserve 150,000.00 |
Transfer to War Taxation Reserve
Mr. Kan was one of the founders To Pay a Bonus to the and a permanent director of this Staff
bank and took an active part in To Carry forward to Its development and growth.
As
a token of respect to his memory ISK you
to rise and stand in
silence with me for a while.
new account
RE-ELECTION
30,009.55
22,024,34
395,921.17
GENERAL
Mrs. Hsiang-asien ring (Turmerig pr."pass) Irene Ho Tung) ad- dressing the gathering at Caroline Hill on Saturday on the occa- sion of International Women's Day (Sun Ying Ming Studio).
MEMORIAL SERVICE
FOR LATE
GEN. CHU
A memorial service for the late $933,870 06 Gen. Chu Tze-chao (Chu Ching- lan), a member of the Chinese Na- tiong] Relief Commission, was held
yesterday afternoon and was well attended.
[13,
Complicated Question Of Charcoal
གན་ཐན་་་་ FORMER SOURCES OF SUPPLY CLOSED
"The question of charcoal," said The report of the Directors 10- Mr. B. Wong Tape seconded the
Mr. W. J. Andersen, Stores Con- gether with the Balance Sheet at adoption of the report and acat Confucius Hall. Caroline Hill troller, to a Hongkong Dally Press December 31, 1940, and the Audi-counts and the motion was carried
reporter, is a more complicated tors' Report, having Deen in your unanimously.
one than that of firewood." hands for sometime. I will, with
Gen. "Chu died in Sian on Jan.
"As you your permission, follow, the usual:
doubtless know, there procedure and take them as read Mr. L Lan-sang and Mr. Fung
The service began with the ob- are numerous qualities" and grades The net profit for the year. In-Fing-wah were re-elected Direc-servance of a three-minute silence of each quality. In fixing the cluding the amount brought for- tors on the proposal of Mr. Chan short blography of the late Gen. price, we have to control the prices ward from the previous year, Shing-mi seconded by Mr. Kan
was given by Mr. Li Cho- of all sub-grades and, like rice, amounts to $933,870.06, which Yuet-keung.
Eulogies from various nationa: and publie organisations were by representatives pro.
shows an improvement of nearly Mesera. Percy Smith, Seth and $100,000-as compared with that Fleming were re-elected
auditors
Chu
ahen.
of the previous year. Taking into on the proposal of Mr. Ho Kam-chanted consideration the present disturbed ahuen seconded by Mr. Kong Tse-ment among which were the and unsettled conditions in the ming.
world, I hope shareholders will Agree with me that the result is highly satisfactory.
RECORD FIGURE
DIVIDEND WARRANTS
The Chairman announced that dividend warrants will be payable today.
You will observe from the SHAREHOLDERS PRESENT Balance Sheet before you that the
Shareholders preserít at the grand
total of our assets and meeting were Messrs. B. Wons Habilities stands at the record Tape, Kong Tse-ming. Chan Shing figure of over $37,000,000 showing mi, Ho Kam-shuen, Kan an increased of more than $4,000-keung, K. K. Lee, La Tung, Fung 000 over that of the previous year ping-far, Kenneth Fung. Li Fook
increase is mainly to be wo. Li Pak-to, Lui Ming-fong, Chan found under the heading of Cur-Tse-chat and many others. rent and other Deposits which shows an appreciable rise from $21,549,283.02 at the end of 1939
The
to $25,557,298.85 on December 31
1940
Chinese National Relle: Commis- sion and the Chinese National Red Стоза
THOSE PRESENT
Among those present were Mr.
have to so fix them as to leave no loop-hole for what might be call- ed fancy mixture.
"Another obstacle we have to overcome is that of supply. Many of the former sources of supply have, for one reason or the other, been closed to Hongkong with the result that we have to rely on those still open to us.
"A further difficulty is the short-
O. K. Yul Dr. W. W: Ten, Prof.age of bottoms, and transportation Hsu T-shan, Mr. Wu Ting-hsin,costs. Ships are not easy to obtain Mr. Chang -lin. Mr. Yeh Kung nowadays. cho, Mr. Ho Kan-tong, Mr. Sung. Han-chang. Mr. Li Cho-chal, Mr. fully assured
"The public may, however, rest that Government Yuet-Lin Hong-hau,
ching. Mr. Pel Chung-shun and most serious consideration
Mr. Yen Fook- have had the whole matter under and representatives of Gen. Wu Te that a solution to the whole pro chen and Mr. Tu Yuct-sang. blem would be found in the very
Scrolls were sent by Dr. H. H.
near future." Kang. Gens. Pal Chung-hst and Li Chung-jen and Mr. Wang Yuk- chu, Gen. Wu Te-tsen, Gen. Fung Yu-halang Sir Robert Ho Tung, Gen. Li Chai-shen, Mr. Tu Yuet- Dr. C. T. Wang, Mr. Hsu Shih-ying. Mr. Wong Hsiao-lal and others.
WARRANT FOR
I am glad to be able to say that MME. CHIANG'S
this sign of steady growth and progress made by the Bank during the year under review is an indi- cation of the increasing confidence of the general public in our insti- tutiori.
In view of the uncertain condi- tions, your directors considered it necessary to operate our bank on a sound and conservative basis, with the
ព consequence that available cash including bullion in stock and in transit at the end c1 1940 stood at a very high figure of over $23,000,000, representing
· over 90 per cent. of our liabilities on current and other deposits.
"LOANS ACCOUNT DECLINE
There is a decline of over $1,500,- | 000 in our Loans Account and a!
CHAUFFEUR
Madame Chiang Kai-shek's chauffeur in the Colony is wanted by the Hong Kong Police.
A warrant for his arrest was Issued, shortly. after Madame three weeks ago, but he was still Chiang left for Chungking some
at large up to yesterday.
While admitting that the war- rant has been issued, the Police
declined to disclose the nature of the alleged offence or to reveal his name.
There are rumours, however, of an alleged plot to kidnap Madame Chiang.
Immigration Certificate
To Banishee
N.
"As a matter of fact," concluded Mr. Anderson, "I hope to be in a position to make an announcement within the next few days."
A CORRECTION
Under "Another Firewood Ship- ment Expected." published in our issue of Saturday, it was stated that "each store was, however, only allowed between 60 and 70 tons."
This statement should have read "between 60 and 70 plculs."
NIGHTSOIL COOLIES' NEW
PETITION.
It was revealed by Sub-Insp. W L. Clark, in the
case in which Pau Kim-rung. 2 fe hanishee, charged before Major A. Masladyen on Saturday with breach of the deportation order.
A new petition, it was learned. that defendant, at the time of his
has been forwarded to His Excel- arreat, was in possession of an lency the Acting Governor in con- Certificate (Nonexion with the proposed night- 59875), dated Feb. 18, 1941.
soil removal scheme of the Urban Pau, it was stated by the prose- Council. cation, was banished for life on i The petition, which was sent to September 28, 1940, and was ar- His Excellency-in-Council on Fri- rested in Chung Yuen Street, Bay day through Mr. M. A, da Silva, view, on March 7.
solicitor, was by the members of the Luen Yip Labour Guild which
reduction of more than $300,000 LARGE ATTENDANCE Immigration
grade.
AT CATHOLIC PROCESSION
Accused Was remanded unt
in the Investment Account. Your directors are pleased to report that ample provision has been made against possible bad and doubtzul
Nearly the whole of the Catholic debts and can assure shareholders community in the Colony turned that our present holdings of In-out at the procession held in the Festments are of a Very high Catholic Cathedral compound yes. Tuesday for further inquiries to De claim to represent over 2,000
Lerday afternoon in honour of the made into his claim that he re-night-acil workers. In accordance with our usual Passion of Our Lord. The Very turned to Hongkong on his way to practice we have written off Bank Rev. Fr. G. M. Spata officiated. Buildings the sum of about $50,000. A sermon on the subject, "The The transfer of $30,008.55 to War Passion of Our Lord," was preach" Taxation Reserve is the amount of ed by the Rev. Fr. Teixera. Corporation Profit Tax payable
Right Rev, Mgr. Pashang, Bishop for the year 1940/41 in addition to of the Kongmoon Catholic Mission, Property Tax already paid. <
took part in the service and gave
The Directors recommend that the Benediction of the Blessed .sum of $150,000 be, transferred to Sacrament.
General Reserve, thus bringing this account to a total of $2,750,000 or in other words about 50 per cent. of our paid up Capital. I am sure that you will endorse this sound policy.
The Directors' recommendation Hongkong.
Shanghai.
FOOD IMPORTERS
TO REGISTER
BISHOP TSU TO LECTURE
The Right Rev. Andrew Y.Y. Mr. D. L Newbigging, Controller Tsu, Assistant Bishop of the of Food, has issued the following Diocese of Victoria, Hongkong. statement for general information:will give a lecture in St. Andrew's
"With reference to Government Church Hall, Kowloon, today at Notifications 685 of June, 14, 1840, | P.m.
BANK NOTES IN
fand 1551 of December 13, 1944, all Bishop Tsu will recourt his work CIRCULATION
arms, hongs, companies and indivi- and experiences during the past Returns of average amount of duals who import foodstuffs (m-vear in Yunnan and Kwelchow.
Before his appointment to Bouth bank notes in circulation in einding liquidis) directly to Hong China, Bishop Ten was Professor
during the monthị kơng from the United Kingdom ́are of a dividend of $8.00 per share (ended Feb. 23, 1041, as certified by, required to register themselves at
f Sociology at St. John's Univer- is the same as that of the previous the Managers of the respective the office of the Controller of Food
sity, Shanghai.
This will be the one chance banks:-Chartered Bank of India, by letter on or before March 15, STAFF THANKED
Hongkong Australia and China, $25,801,032. 1941, when a number will be allot-hearing Dr. Tu as he is soon people will have of I desire to express to all mem-Hongkong and Shanghai Banking ted to them in connexion with per-reiving again for the interior bers of our staff, both here and Corporation, $200,257,228, Mercan-mission to import into this Colony Chins. abroad, our appreciation of their tile Bank of India, Ltd., $4,309,118: from the United Kingdom. Im- good services which played such Total $230,167,376,
porters are warned that failure to register by March 15 may involve
Wear.
1.
an important part in the success
CONVERSION LOAN
of the year's working. In view of The following is the statement refusal of such permission if ap- the Increased cost of living in the of the securities lodged with the plication is received at a later date. Colony and in order to show our Crown Agents by the Mercantile Detailed information regarding appreciation in a practical way, Bank of India, Ltd., against their conditions of future import, to this the Directors feel sure that you notes in circulation:-3 per cent. Colony from the United Kingdom will agree to their recommendation Conversion Loan repayable 1948/ will be kiven, Individually to im to pay to the staff a bonus of 1953 Amount, £240,000: Latest porters on allotment of their res $22,024,34
market price,' 99-100.
pective numbers.
THREE CASES OF CHOLERA
¿
Three cases of cholera, 18 of tuberculosis, six of dysentery, two diphtheria and one of enteric fever were notified to the local Héalth authorities on Friday.
Obres Siprende
15252STATES:1257
MONDAY, MARCH 10, 1941.-PAGE 5
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GARDEN TOOLS..
"IT has been said that it is the
bad workman who complains
about his tools; but there is no
doubt at all that with better
-tools a finer job can be done,
First, grade.
Sheffield Steel
Fork and Spades, Trowels, Shears, Scythes, Reap Hooks, Hoes, and Watering cans. Revol ving Lawn Sprinklers
Ransomes
LAWN MOWERS
The Finest in the World"
LANE CRAWFORD LTD.
Sports & Games Equipment Dept.
Ground Floor
The House of Quality & Service
72525252525252525252525252525
Write for descriptive leaflets of the
Tel. 28151.
THORNYCROFT
3-TON
'NIPPY' CHASSIS
Aptly named the Nippy,' for its quick get-away and high road performance, this new Thornycroft is available with 10′ 14′′ and 12′ 6 wheelbase in both normal and forward control types, has extremely economical 60 b.h.p. engine, 7 frame. Lockheed-operated Girling brakes, and space for bodies up to 15 10 long, amongst its other fine features.
THORNYCROFT
Stands for Satisfaction
FOR FURTHER PARTICULARSTM
APPLY TO OUR
HONG KONG OFFICE, TEL, 22343.
St. George's Bldg., 1st Floor.