At
COMPANY MEETINGS.
West Point Building Co., Ltd.
THE HONGKONG ITELEGRAPH. THURSDAY, JANUARY 26. ~1922.
accounts will be open for discus-permission, to take the Report sion and T shall be pleased to and Accounts, together with the anawer any question shareholders Auditors' Report, as read. may desire to put.
The movement in the property Sir Robert Ho Tung ssconded market, which may be said to and the report and accounts were have commenced during the year)
1918, has bean steadily maintain. The thirty-third ordinary meet-adopted.
On ing of shareholders of the West the proposition of Mr.ed, and your Directors have sold Point Building Company, Ltd., Bagram, seconded by Mr. Sadick, during the year under review was held at the offices of Messrs. the appointment of Messrs.properties in the Eastern and Jardins, Matheson & Co, Ltd., D.G.M. Bernard and 8.8. Perry Central Districts, on the Kowloud 11.30 this morning. The as directors in place of Mr. J. peninsula, and on the Shamsen. Hon. Sir Paul Chater presided and Johnstone and Mr. A. H. Compton The profit on these sales amount- there were also present: the Hon.((resigned) was confirmed. On the fed to $2,391,065.85. The net Mr. A. O. Lang, Messta. D. G. M. | proposition of Mr. Perry, second-profit for the year, after paying Barnard, A.S. Gubbay, iDirectors) ed by Mr. Greenhill, the Rev. all charges, and commissions, is M. S. Nortboote (Secretary) and Father Robert was re-elected | 82,657,521.91, at present a record. Messrs. J. Bell-Irving, A. B. director.
in the history of the Company. Stewart, L. S. Groenbill, E. J. Chapman, Ho Leung, E. Sadick, J. T. Bagram (shareholders).
The Secretary having read the notice convening the meeting.
On the proposition of Sir Robert In July last you received an Ho Tung, seconded by the Rev. Interim Dividend of $4.00 per Father Robert, Messrs. H. Perom{share. and it is Smith and C. Barnard Brown proposed were re-elected auditors.
Hongkong Land Reclamation Co., Ltd.
DOW
DAIRY FARM NEWS.
BUTTER
OWING TO FALL IN PRICES
IN AUSTRALIA
we bare reduced our
DAISY" BUTTER to $1.10 per lb.
to deal with the available balance as follows=- To pay a Final Dividend of $5.00 per share, $250,000.00; to pay a Bonus of $9.00 per share, 8-130,- | 46 000.00; to pay a Bonus to the "DIARYMAID-
approval
The Chairmanssid: Gentlemen, I propose, with your permission to take the Report and Balance Sheet as read. You will have
Staff of $8,000.00; and to catry The twentieth ordinary meat-forward seen from the Report that the
$1,939,076.41; total: entire assets of the Companying of the shareholders of the
[82,547,076.41 B distribution consist now of cash, and that it Hongkong Land Reclamation which, I trust, will meet with your is proposed to place the Company Co., Ltd., was held at noon to-day. in liquidation and wind up. Mr. D.G.M. Bernard presided. Turning to the balance sheet and there were also present: the For this purpose rotire has Hoo. Sir Paul Chater, Sir Robert naturally the amount invested in you will notice that while already been given calling an Ho Tung, Messrs. 3. S. Gabbay property is less, the difference is Extraordinary General Meetings.s. Perry (Directors), M. S. to consider and if thought fit. Northeote (Secretary), E. Sadick.in amount advanced on mortgage. more than covered by the increase pass the necessary resolution for L. S. Greenbill, H. Percy Smith, the 3rd. of February, next to be J. Bell-Irving, E. M. Raymond $13,000 less than last year, 83 we Investments in shares are some followed by a confirmatory meet-and the Rev. Father Robert disposed of some of our holdings ing on the 18th. of that month.(shareholders). at which meeting & Liquidater
The Secretary having read the will be appointed.
notice convening the meeting." The Company has practically The Chairman said-Gentle no creditors but of course certain men. The report and balance expenses, such as advertising.sheet, together ·with the Liquidator fees etc. etc. must be Auditor's Report have been in incurred, so that it is impossible your bands for some days and to state exactly the amount will as usual take them as read. which will be returnable to shate- The Company has again bad a holders; however, as you will see, very successful year's working: the available cash is considerably the net profits being $92,540.54 as in excess of the Company's against $79,341.6 the previous Capital
year.
1
Rent account shows an increase!
at a profit.
Work on the Praya East Re- clamation has now begun and up to date we have paid the Govere. ment $331,335.80, which repre- sents about 1/3 of the amount to which we are committed. When this is completed, your Company will receive a very considerable area of valuable property.
We have eliminated from the Balance Sheet the provision for Bad and Doublful Debts, which first appeared in the 1915 accounts. 45 it DOW seems
improbable that this sum can be
recovered.
Accounts payable are consider- ably less, as the Company at the close of the year bad a small credit balance at their Bankers in place of the usual overdraft.
I now beg to propose the adop tion of the Report and Accounts of just over $15,000 due mainly as presented. After this has been to increased demand for cost and! seconded the accounts will be timber storage on our K.M.L. 49. open to discussion and share It may interest you to learn thai bolders may ask any question since the beginning of the year we they may desire to put
bare sold, at the price of $3.90 Mr. E. J. Chapman seconded per square foot, the whole of this
With regard to ordinary re and the Report and Accounts lot with the exception of the small area on which stand our 13 were adopted.
veque, rents are somewhat less houses Nos. 41-65 Canton Road than the previous year owing to On the proposition of Mr. A. S. and we hope before long to find sales of property. On the other Gubbay,"secoaded by Mr. Bell-buyer for this remaining portion hand, the amount debited to Pro Irving, the appointment of Mr. D.so as to enable us is the natt and Loss A/C for interest has G. M. Bernard as director in the distant future liquidate been considerably reduced, and place of Mr. J. Johnstone and wind op the Company, there has also been a decrease in (resigned) was confirmed. On the proposition of Mr. A. B. Stewart Peak has just been sold, also our keep of property.
The property we own at the expenditure on repairs and up- Beconded by Mr. Ho Leung, the two Shaukiwan Lots, the latter at Hor. Sit. Paul Chater and the small loss, as shown in the the absence on leave of our The work of the Staff during: Hon. Mr. A. O. Lang were re-balance sheet. elected directors.
Secretary and throughout the Investments in mortgages show again a slight increase, $22,000, year, has been uniformly satis
factors, and I am sure you will giving a corresponding increase in revenue derived from interest. agree with the recognition we
propose to make them. Investment in shares has also
Hongkong Central Estate, Ltd.
The eighth ordinary meeting of shareholders of the Hongkong Central Estate, Limited, was held
to
risen from $389,00258 to 6491,312 option of the Report and Ac
I now beg to propose the sd- 48 and, as you will observe, our counts as presented, and when
at 11.45 this morning. The holdings are well below the this has been duly seconded the market values at the close of the year.
Hon. Sir Paul Chater presided And there were also present: Mr D. G. M. Bernard, the Rev. Father
sccounts will be open to dis cussion. We now propose to pay the Mr. Sosres seconded and the Robert and Mr. S. S Perry usual dividend of $5.95 per share Report គ ១៨ Accounta (Directors), Mr. M. S.. Northcote absorbing $65,622.00 and to carry
(Secretary) and Sir Robert Ho forward the sum of $645,478.78 adopted.
were
On the proposition of Mr.
Fung. Mr. E. Sadick, Mr. L. S. which is so increase over that of wilton, seconded by Mr. Bagram, Greenhill and J. T. Bagram last year of $17,915.54 and this I (shareholders).
will trust
meet with your The Secretary having read the approval. notice convening the meeting,
I now bag to propose that the The Chairman said: Gentle-report and balance sheet men, with your permission we presented be adopted and passed will take the Report and Balance and when this has been duly Sheet, which have been in your seconded the accounts will be hands for some days, as read. open to discussion.
Bate of investment in shares.
the appointment of Mr. S.5. Perry as director in the place of Mr. confirmed. On the proposition of A. H. Compton. (resigned) was
Mr. F. M. Ellis. seconded by M. A. 8. Ellis, Massrs. H. P. White and Sir Robert Ho Tung ware re-elected directors.........
Са the proposition of Mr. Arnold, Messrs. H. Percy Smith Chapman,
Mr. seconded by
and C. Bernard Brown re-elected auditore.
Wera
The Rev. Father Robert second. The net profits for the yeared and the report and accounts cow under review amount to
were adopted. $152,155.93 23 compared with
Oo the proposition of Mr. $134,564.54 for 1920 aud $109,-
seconded Gubbay, 132.70 for 1919, which sum how Northcote, the appointment of Mr. by
over includes an AMORAL of $13,825,34 profit derived from the Mr. S. 5. Perry as director, in the
place of Mr. A. H. Compton DRUNK WHAT £700 IN POCKET. (resigned) was confirmed. On the
When James Murphy and Rent account shows at im-proposition of Mr. Percy Smith, Timothy Murphy, Irish cattle provement over 1920 of some seconded by Mr. Raymond. Bir dealers, were fined £1 sach at $30,000 the year having received Robert Ho Tung and Mr. A. S. Peterborough for being drunk and the full benefit from revised Gabbay were re-elected directors. rents on the expiry of old time On the proposition of Mr. Bell-disorderly, it was said that when Irving, seconded by Mr. Sadick their possession. To have robbed searched they had over £700 io Daring the year the machinery Messrs. H. Percy Smith and them would in their condition lifts in Bernard Brown were re-elected have been quite easy, said the operating Queen's and Prince's Building auditors.
police.
leases.
the
Beyen
has been entirely renewed with
modern plant, the cost of which
is being spread over a period of Hongkong Land Investment &
years and this in a measure
Recounts for the increase
on
Agency Co., Ltd.
the debit side of Profit and The thirty-fourth ordinary gan-|
Loss: Repair. to
being $33,344.20 aa
only
tion.
Property sgaitsf two
$9,414.11. These
eral mesting of shareholders of the Hongkong Land Investment & Agency, Co., Ltd., was held at 12.15 p.m. to-day. Mr. D. G. M.
buildings siso received a thorough Bernard presided and there were external repainting and renova also present; the Hon. Sir Paul Chater, Sir Robert Ho Tung, Government rates have also Messrs. H. P. White, B. S. Perry, automatically increased, while A. 3. Gubbay (Directors), M. 8, "other items of expenditure are Northcote (Secretary), H. Feroy
practically the same.
Smith, L. 8. Greenhill, EL Sadick, We maintain the same dividend E. M. Raymond, A. M. L. Boarea, ins that for 1920 viz $9.00 per shere A. Ellis, F. Ellis, J. Arnold, R. J. and carry forward some $62,000 Wilton, J. T. Bagram, the Rev. more than at the close of 1920. Holman, and the Rev. Father
I now beg to propose that the Robert
report and balance sheet za pre-
The Secretary having read the
sented be adopted and passed and notice convening the meeting, when this has been seconded the The Chairman said: Gentle-
men, I propose," with your
MAN-
丰
1.00
КОТІГЕ
J. T. SHAW
TEL 692
EVENING DRESS WEAR
NEW STOCKS JUST RECEIVED
¡OF ALL THE ESSENTIALSĮ
FOR SMART EVENING WE AR
DRESS
11
TIES
SHIRTS
VESTS
PUMPS
11..
SILK
SCARVES
FURTHER REDUCTIONS ARE ANT CIPATED
The above two branils have no rivals on the market.
THE DAIRY FARM, ICE & COLD STORAGE CO., LTD.
"PHILIPS"
APHILIPS LAMP
Is A PERMANENT
ECONOMY
SOLE AGENTS
Holland-China Trading Co
Hong Kong
HONGKONG HOTEL COLD STORES.
A FURTHER REDUCTION
in the price
of
OUR
BUTTER
is
unlikely in the near future IF
quality is to be maintained
WE
ONE BRAND
SELL
ONE QUALITY
"SHAMROCK"
$1.00 per Ib.
Commencing Friday, 27th. till Monday, 30th. 5 p.m. sharp.
PRISCILLA DEAN
in
THE MELODRAMATIC SENSATION
"OUTSIDE
THE
LAW"
WILL APPEAR AGAIN at
THE WORLD THEATRE
"Admission :—60ct, and
DRESS
COLLARS
GLOVES
SOCKS
OXFORDS
STUDS
SPECIALIST IN MENS' WEAR NEXT DOOR HongkoNG HOTEL
Powell
WHE
"TELEPHONE: 3146
NOW SHOWING
"THETA"
PURE WOOL
UNSHRINKABLE.
UNDERWEAR
IN ALL WEIGHTS.
"THETA" Underwear is beautifully soft and non- irritating, and offers the best value obtainable.
WE INVITE INSPECTION.
The following Ports have been added to our list.
CALDBECK'S ROYAL TAWNY $13 per case duty paid GUIMARAENS CROWN VINTAGE- $18 per case duty paid
· GUIMARAENS DRY WAITE PORT
$40 per case duty paid
CALDBECK, MACGREGOR & CO., LTD.
13 Queen's Most Central,
(Telepburn Xv. 78).
FRENCH LESSONS.
G. MOUSSION,
15, Morrison Hill Road.
TSANG FOOK PIANO CO.,
"MAKERS, EXPERT TUNERS & REPAIRERS. Telephone 2127. 94a. Wanchai Road.
WHEN YOU THINK OF:- BETTER SOUP & PUDDINGS
THINK OF
THE HING WAH PASTE MFG. CO., LTD. (No. 47-48 Connaught Road Central, Hongkong) MANUFACTURERS
PASTE
OF MACARONI, VERMICELLI,
STARS, EGG NOODLES &c. RING UP,2230,
JAMES STEER.
9. IQE HOUSE STREET,
WATCHMAKER AND JEWELLER.
لوڈ
CHRONOMETERS, CLOCKS, WATCHES AND NAUTICAL INSTRUMENTS REPAIRED UNDER MY.
PERSONAL SUPERVIS
2817