Page
HONGKONG DAILY PRESS
REALTY MEETING
DROP IN REVENUE AT REPULSE BAY “LIDO"
A DECREASE OF $20,000 IN THE PROFITS FOR 1940, as compared to 1939, due to the drop in revenue at the Repulse Bay "Lido" and rental receipts from the adjacent. bungalows as the result of the evacuation, was reported by the Chairman at the annual meeting of the Hongkong Realty and Trust Co., Ltd., held at Exchange Building yesterday.
Mr. E. M. Raymond was in the Chair and was sup- ported by Hon. Mr. T. E. Pearce, Mr. P. K. Kwok (Direc- tors), Mr. P. H. Suckling (Managing Director), Mr. F. C. Barry (Secretary), and Messrs. C. C. Blake, L. Jack, J. E. Kotwall, and A. E. Eca, shareholders.
CHAIRMAN'S SPEECH In presenting his report, the Chairman said:
sponsored the Company's promo- tion and had been its Managing Director for the 18 years since its Inception; only continued 101 The profit for the year under health rendered his resignation review amounted to 362,473.74, necessary, and on behalf of this which added to the amount of Board, with whom I feel sure
GENERAL
Group photograph taken at the wedding between Mr. Wong Slu- chüen, son of Principal Chinese Detective Wong Tan, of the Hongkong Police, and Miss Yau-(Sün Ying Ming Studio).
$29,346.33 brought forward from Shareholders will also desire to be SMALL PROFIT REALISED BY
the preceding year, makes the sum associated, I take this opportunity
of $91,720.07 available for appro- of publicly expressing warrest priation; the recommendation of thanks to him for the valuable and your Board in this connexion is to essential services he at all times
-Carry
VIBRO PILING CO., LTD.
•
','
..
APPRECIATION OF THE DIRECTORS' DECISION TO WAIVE pay a dividend of thirty cents per rendered the Company and also to THEIR FEES FOR THE YEAR UNDER REVIEW was expressed by the share involving $80,000, and to convey heartfelt wishes for his Hon. Mr. Leo D'Almads ́e Castro. Jnr., at the annual meeting of the
forward the remaining speedy return to good health.
Vibro Filing Co. Ltd, held at its registered offices yesterday, balance of $31,720.07 to the 1941 There being no further matters
Mr. D'Alinada, however, moved that us work had been done on account. The prafit for the year which appear to call for explana- behalf of the shareholders they should see to it "that the Board of 1940 of $62,473.74 shows a decrease tion. I now formally propose that Directors was paid for its services. of approximately $20,000 compared the Report of the Directors and Mr. Blackmore and carried unanimously.
This proposal was seconded by with the profit realised in 1939, the Accounts for the financial year which is accounted for by Divi-ended Dec. 31, as presented, be Mr. S. M. Churn was in the profit for the year amounts tɔ $11.- dends on Investments showing adopted, and that from the Chair, and among those present 410.00. You will also observe, how- decline of some $7,700, and a debit balance of $91,720.07 standing to were Fon. Sir Robert Kotewall, Mr. ever, that in this year's account no balance of Working. Account of the credit of Profit and Loss Ac-J. J. Basto (Directors). F. E. charge has been made for Direc- $2,179.91 compared to Я credit count at that date a dividend of D'Almade' Remedios (Secretary), tors' fees, which according to the balance of $13,359.72 in the preced-thirty cents per share on 200,000 Hon. Mr. Leo D'Almada e Castro Articles should be a sum equal to ing year.
Shares be paid, and the then re- Jnr... C. H. Basto, E. W. Blackmore. 10% of the profit for the year. The maining balance of $31.720.07 be|Lo. Pang-tin, and Lam Shu-chuen reason for this, Gentleman, 13 carried forward to the Account for (shareholders). the year 1941.
The debit balance referred to re- flects the comparative drop in re venue at the Repulse Bay "Lido" and rental receipts from the Com-
DIRECTORS RE-ELECTED
CHAIRMAN'S 'SPEECH
The Chairman sald:---
tor
that as we have written off from General Reserve the sum of $18,- 349.43 being Deferred and other Charges in connexion with the Manila Agency which was termin- aliated last year, your Board haa, sub- Ject to what shareholders may think waived the. right to any fees in respect of the year, a gesture which, I sincerely hope, sharehold- ers will appreciate.
`pany's adjacent bungalows; earn- Mr. C. C. Blake seconded the Re- If you will look at the Profit & port. and asked whether the Loss Account, you will observe that "Lido" was still losing money and after making provision what the losses were. The Chair-charges, including War Tax, the for the "Lido" to lose in the win- man replled that It has been usual
ter. As to the losses, the figures would be divulged after the meet- ing.
ings in respect of both these de- partments were well maintained up to the time of the evacuation measures undertaken in July of the past year, after which patron age dwindled and several of the bungalows became vacant, full oc- cupancy having recently been reached only as a result of rental réductions" being effected.
The Balance Sheet records capi- tal additions to the "Lido" Build- ing. Furniture, Fixtures, and Plant
eurred t connexion with the
On the proposal of Mr. L. Jack, and seconded by Mr. J. E. Kotwall, Hon. Sir Shouson Chow and Mr.
Found Unfit To Plead On
Murder Count peating what I said a moment ago
K. Kwok were re-elected to also proposed that the appoint- the Board of Directors. Mr. Jack ment of Mr. P. H. Suckling as tice, Sir Atholl MacGregor, at the Managing Director, in succession Criminal Sessions yesterday on the
Arraigned before the Chief Jus-
Turning to the Balance Sheet. this statement, to my mind, has been drawn up in the usual ex- planatory manner, and beyond re-
concerning the necessity of having to write off from General Reserve Deferred and other Charges in con- the sum of.$18,849.43 in respect of
and Machinery during the year under review, the major portion of this expenditure having been in
Restaurant; the installation of a Mr. Kotwall seconded, and the pro-month-old sön, Lo Wai-tsun, whom hus reducing the amount of the conditioning units therein provid-posal was carried unanimously,
MR. TAGGART EUGÔLISED
to Mr. J. H. Taggart, be confirmed. charge of murder of his three-exon with the Manila Agency,
he was alleged to have thrown out General Reserve Account to $28,~
Ubrary, Simveme Cour
THURSDAY. MARCH. 20. 1941. —PAGE
NEW
DELIVERY
OF
SPORTS WEAR
SETS COMPRISING
SHIRT, SHORTS AND
SKIRT
ALSO
SHIRT, SHORTS AND L SLACKS
GOOD SELECTION OF COLOURS
ALL SIZES
1695
PER SET
LANE CRAWFORD • LTD.
The House of Duality & Service
Refugees In The Colony
ed a much appreciated amenity to
An increase of 46 in the hum- its patrons. No particular, com- The re-election of Messrs. Lin- of the window of No. 76, Marble 150 57. I do not think that there ment appears to be necessary or stead and Davis as Auditors was Road, third floor, on Dec. 5 last, is to be found in the Balance Sheet ber of refugees and destitutes ac- other items in the Balance Sheet, proposed by Mr. A. E. Eca and LD KING-YU. alias Lo Yick, 32, any items requiring explanation commodated in Government camps,
seconded by Mr. C. C. Blake.
etc., in urban and rural areas is was found to be insane and not fit from me. to stand trial.
On the question of appropriation recorded in the returna for the At the conclusion of the meet- It is with regret I have to re-ing, the Chairman announced that 1. Kwan for the defence raised greatest interest to shareholders,
Mr. H. W. Lee, instructed by Mr. of profits, which no doubt is of the week ending on Mar 15.
Urban Arcag;' port the resignation of Mr. J. H. Dividend Warrants are now ready the question of accused's fitness to
King's "Park — 1,311 Taggart from the Board of Direc- and may be obtained on appllea-plead.
1,307 on Mar. 8, tors of this Company,, Mr. Taggart tion at the Secretary's Office.
Quality
VAT 69
Scotland produces no better
whisky than VAT 69.
It in
the choice of connoisseurs.
Try it and see.
VAT
··
the Board regrets that it is unable
to go beyond the recommendation
it Mr. J. P. Murphy, Assistant of the same dividend as in the pre- Crown Solicitor, appeared for the vious year, but without the bonus -prosecution.
of. 25 cents per share previously TAIPO RURAL HOME panelled:-Messrs.
The following jury was em paid.
The Board feels, however, H. E. Scott that shareholders will understand AND ORPHANAGE (Foreman). Chan Hung-cho, Tang that the general uncertainties of The Talpo Rural Home and Or-barts. J. A. V. Ribeiro, jnr., and W. amount of caution at this time.
Chan-pa, Kwok-chol, R. M. Ro-the future require
certain phanage will hold their annual "At A. Sprinkle. Home" on
and although the present year has Saturday, March 23, from 3 to 8 p.m.
started under favourable condi Dr. C. W. Lam, medical officer tions; it appears to your Board The children will demonstrate in charge of the Mental Hospital, that a husbanding of some of the their various activities in the garsaid that he found accused to be undistributed profits of the Com- ders, classrooms and playgrounds suffering from confusional "in-pany is advisable. and there will also be display sarity.
Tea will be served from 4 to 5.30 p.m.
MEDICAL EVIDENCE
SHAREHOLDERS' APPRECIATION
and sale of agricultural produce, His Lordship: What is coh- basketry and needlework," etc.. fusional insanity?
The motion was seconded by the Hon Sir R. H. Kotewall, C.MG., Dr. Lam: It is a state of mind where. during certain periods, the but before it was put to the Meet- There will be a Hongkong Hotel accused is quite lucid, and at othering, Hon. Mr. Leo D'Almada e Cas- bus leaving the Star Ferry Pier Periods he behaves in a foolish, Jar, said that as a share- holder he thoroughly appreciated (near wharf entrance) at intervals way and acts like a child.
Dr. G. H. "Thomas, of the Mental the gesture of the Board in waiy-
י
against
Ma Tau Chung-1,865 against 1,560 on Mar. 8-
North Potnt-1,331 against 1.493 on Mar. 8.
Morrison Hill-619 against 529 "on. Mar, 8.
Urban Area (Squatters Camps); Tai Hang-2557 agalitist 2,557 on Mar. 8.
Ngau Tau Kok-804 against 805 on Mar. 8- Rural Area:
Kam Tin 1,767 against 1,257 on Mar. 8.
Fanling Children's Camp-319 against 317 on Mar. 8. Total-10,473 against 10,427 on Mar. 8.
HEALTH BULLETIN
The following is the Return of
The
Ladies Salon
MEZZANINÉ FLOOR.
Tel. 28151.
WITH YOUR HELP WE HAVE
REACHED OUR GOAL
$14,564.
$42,000
WE STILL NEED
$27,436
Thank You
YWCA FINANCE CAMPAIGN
NO
CLOSING APRIL 2 1941
SARAH SIMPLE
a comedy
case
A. A.
or 15 minutes from 230 to 3 pm. Hospital, said that after he had ing its right to fees, but he felt notifiable diseases notified as hav- and will return from Talpo 5.30 to 6 pm. Tickets, $1.00 per return accused under observation total that as work had been done oning occurred in the Colony during ling six odd weeks, he came to the behalf of shareholders, be thought the 24 hours ended at midnight trip. Bookings at Peninsula and
same conclusion as Dr. Lan that they should see to it that the on Hongkong Hotels.
Mar. 18 Cholera, 78 cases Summing tip, his Lordship sald Board was paid for its services. (only 11 of these cases actually that accused was charged with particularly so, having regard to ocurred during the 24 hours end- murder a month ago, but in view the fact, that the amount which ing at midnight on 18/3/41" The ROTARY FLAG DAY of what his mental condition ap had been written off General Re other eases occurred over a period peared to be, "he was seat to the serve was of the character of "De- of several days, notifications being Many more members of the Mental Hospital for observation. ferred Expenditure." He, there-withheld pending B. I confirma Auxillary Nursing Service are The question was whether acrore, moved that the Report and tion); Diphtheria, two cases wanted to sell fags for the Rotary cused was able to plead to the in-Accounts and recommendation as Dysentery 14 cases; Enteric Fever Club on Saturday, Mar 29. In aid dictment, to listen intelligently to to appropriation of Profits two cases; Measles, ode: of Mobile Canteen Ambulances for the evidence against him, to ap be adopted, and in addition Tuberculoets, 53 cases, Air Raid Victims in Great Britain, preciate points made against him that the Board be paid a fee of and the British War Effort for Re- and to instract solicitor and $1,141.00, this gure being the her of Distress in China. Uniform Counsel If the jury was satisfied equivalent of 10% of the pront of need not be worn. Please send in that the accused was not, then the year as shown by the Ardoints. POLICE REPORTS names to Mrs. N. Valentine, Hon they must and him unfit to plead The Sec. A. N. 8. Queen Mary Hospital and accused would be detained in seconded by Mr. E, W. Blickmore: narvon Buliding, reports that some amended. proposal was Mr. W. J. Fulker, of No. 9, Car- the Mental Hospital until such and on no questions being asked one entered his residence through time as It was thought that he had recovered when he would be called by other shareholders was put to an open window between 10 am the Meeting and carried unaidmon March 17 and 6 pm, on March Without retiring the jury re- ously.
18 and stole a gold watch, valued DIRECTORS RE ELECTED unanimous verdict of
at $50, and $17 In money. On the motion of the Chairman, At the Legislative Council meet
JUROR LATE‘
seconded by Mr. F. E d'Almada Mr. A.M., Braga, property super- ing to be held today the Attorney Mr. Robert Murray, who falled Remedios, the Hon. Sir Robert H. Intendent of the Hongkong Engl General will move the First reading to answer his name when called Botewall, C. MG. was re-elected a neering and Construction Com- to serve on the jury, appeared at Director for the ensuing year, pany, Ltd, reports that between Bar bo kmend further the the end of the case and was asked whilst on the motion of Mr. 9.B 9.15 am and 12.30 pm on Tues- Estate Daty Ordinance. 1932, a by His Lordship the reason for his Basto, seconded by Mr. J. J. Basto, day, his car No. 1981 was stolen amended by the Estate Puty failure to turn up. His explans- Messra. Lowe, Bingham is Mat- from outside 8t Stephen's College'. Bagising Ameriamént. Oraffédée 1936** tion was accepted.
**} {thews were re-flacted Additörés Stanley,
69
Sandersons
LUXURY BLEND SCOTCH WHISKY
• WR LOXIFY'a da, connay [TM? YÖRK BUILDING, HONG KONG
Cat Sonclend by Was Sanderyan & 206, Leš., LEITH:
Legislative Council upon to face the indictment.
Meeting Today
turned Insane.
by
A.
Milne
presented by the
A. D.
D. C.
China Fleet Club Theatre
March 20th, 21st and 22nd at 9.15 p.m.
Booking at Anderson Music Co.
APS