LAND INVESTMENT COMPANY,
SIX MILLION DOLLARS PLACED IN RESERVE
EUROPEAN ROBBED.
THE HONGKONG
CORRES
ONDENCE.
Hongkong
(To the Editor of the
Telegraph.") "Sunbeam Motor Cycles.
Sir-To-day's "Motoring Sup-
paragraph with reference thereto, of the only Sunbeam in the Colony." I have recently seen in Hongkong, on numerous so
casions, a Sunbeam twin and sidecar.
PRISONER PLEADS STARVATION. Pleading that starvation had forced him to steal, Ahmed Cas Mr. D. G. M. Bernard presided sum, 30, was remanded by Mr. over the thirty-sixth ordinary J. R. Wood, at the Magistraay plement contains a photo, and general meeting of shareholders this morning, for his record to be in the Hongkong Land Invest-looked into. ment and Agency Company, Liq. The charge against Cassum held this forenoon in the offices was stealing an overcoat and a of Messrs. Jardine, Matheson and pair of gloves, belonging to Mr. Co., the other directors present D. A. Scott, Manager of the being Sir Paul Chater, Sir Robert Texas Oil Company.
It was stated that these wore Has the 67 m.ph. registered Ho Tung, the Rev. Father I Robert. Mr. H. P. White, Mr. Aloft in Mr. Scott's car outside the by the owner of the single Sunbeam of latest S. Gubbar, and Mr. A. H.Service Station of the Dragon Cylinder Compton, with Mr. L. S. Greenhill Motor Company on Saturday, vintage been attained in the (ag. secretary) in attendance whilst Mr. Scott took a walk Colony? If so, where? I ask There was a large number of round the Valley.
By
il-this is no disinterested spirit, as shareholdere present, comprising luck, Cassum, who had pur-I would like to be directed to a Messrs P. X. Hodgson, G. H-loined the clothing and bad local speedway where one might
Bradbury donned it himself in the mean-safely indulge in that speed. J. M. Alves, F. M. Ellis. E. M.time, encountered Mr. Scott on Raymond. W. J. Carroll, Chis return and he was arrested. Boyd. J. T. Bagram, "R. L Bridger, E. Sadick, Chau Sui Ki D. V. Steavenson, F. M. Crawford,
Piercy.
B. 13.
Cassum told the Court that he was employed as interpreter on a rubber estate at Penang, but that|
R. J. Wilton. Choa Pos Min, was three years ago.
He came
Yours etc.
POTTERBUS.
Hongkong, Jan. 26th 1924.
Six-I am afraid your corres- being the G. H. Potis L E Leask, to the Colony, and had had con- pondant's claim to Arnold. H. C. Hay, Ng Sai Sausiderable difficulty in finding em-owner of the only Sunbeam in J. W. Kow, H. W. Moon, H. Aployment. Being on the point of Hongkong is unfounded. Rodgers, 1. S. Parry, P. S. Cassidy starving, he was compelled to and R. E. Greensmith.
commit the theft.
The chairman in his speech
Divisonal Inspector Aris said said: During the year under that since his arrival in this review the Articles of Association Colony, Cassum had been in and were brought up to date, and the out of the House Detention re- opportunity was taken to divide peatedly, but had never been the $100 shares of the Company convicted. into four shares of 525 each, t
As you are aware, the under- taking of the Hongkong Centrai Estate, Ltd., was acquired last year, and shareholders in that concern were granted four of our shares of $25 each fully paid for each share held in the General Estate. The net assets taken
HONGKONG LAND RECLAMATION MEETING.
WINDING-UP OF COMPANY
PROCEEDING. "
My present bus is a Sunbeam, semi-sports, of 347 c. c. 1923 model.
-
Yours etc.
FRANK A REFFELL. P.0. H.M. Submarines,
Hongkong. Jan. 27th, 1924.
RUGBY.
CLUB DEFEATED BY NAVY. A very close game indeed was seen on the Hongkong Football Club's ground on Saturday after-
over exceeded the par value of the The twenty-third ordinary gra-noop, when the Club met the new share issue by the sum of eral meeting of shareholders in Navy for the second time this At the $1.306.632.83 and this you will the Hongkong Land Reclamation year in the Cup Tio. observe is shown in the profit and Co., Ltd., was held this forenoon previous encounter the Club had loss account.
in the offices of Messrs. Jardine, just secured the win, but the ravenge on The profit on investments.Matheson & Co., Ltd. Mr. D. G.Navy had their $120,000, is in respect of our hold-M. Beraard presided. and other Saturday by defeating the Club ing of shares in the Hongkong directors present were Sir Paul by six points to three, after a Land Reclamation Company. We Chater, Sir Robert Ho Tung, Mr. hardly fought and evenly con- The condiscus utilized part of the bonus of A. H. Compton, and Mr. A. S. tested game. $110 per share paid by that Com-Gubbay, as well as the following were not too pleasant, either for pany, last January, to write down shareholders: The Rev. Father players or spectators, rain having our shares to half their book Robert, Messrs. H. P. White, C. C. fallen for the greater part of the value, and carried the balance to Boyd, J. T. Bagram, E Sadick, morning and a steady drizzlej profit and loss account.
EM. Raymond and H.A. Rodgers, keeping on throughout the match. There was, however, quite a good attendance.
secretary).
It is difficult to make a satis-and Mr. L S. Greenhill (ag. factory. comparison of earnings with those of the previous year. As from the 1st. July last the ac- counts of the Central Estate
Addressing the meeting the Chairman said :-
15
The Club were the first to press: in fact, during the open. At the last annual meeting ing changes i looked have been incorporated in ours. informed you that it was your though they were going to have Oc twa It is owing to this amalgamation directors' intention to wind up the better of things: that the, "amount invested in pro- the Company, and with this in occasions the Club's pack nearly perty" is higher this year in view we have completed the sale got the ball over, but passing and spite of the fact that there were of all our property and invest handling with the slippery ball substantial sales which realised ments. This together with income were difficult and the advart- & profs of $2,038,676.62 against from other sources has enabled age was never pushed home. $1,830,629.27 in the previous year.us to show a nett profit of On the other hand, the Navy
We sold property freely during $336,152.18 for the year.
scored through a really brilliant the boon period, and included in our sales were some of the rights in the New Praya Reclamation. The Debentures, amounting $1,500,000, are of course those taken over from the Central Estate, and are due for repay- ment this Spring.
seen
It is proposed to pay the usual get-away by the scrum half. A dividend of 7 per cent on the pretty three-quarter was paid up capital, and a bonus of euding in a splendid try by $10 per share, absorbing altoge Nicholson. This went unconvert- ther $190.625, which is practically ed. The Club attacked hard after all our available cash.
this, and after a period of give Our assets now consist of and take play, worked their way Mortgages, which will be paid well down to the Navy's line, The balance of the profit and of in June, except one for which where Nicholson infringed. the loss account is $4,034.186.53 and your directors propose to make Club being awarded a free kick. with the carry forward we have other arrangements. This will Bowker took the kick and scored the sum of $6,955,885.87 to deal enable us to liquidste the Com, with a fine drive. There was no with. We propose to pay a divid-pany during the coming summer. further score before the interval. end of $1.50 per share and a bonus
I do not think that there are In the second half, the only scoring was done by Nicholson,
of $2 per share, absorbing $700,000. other matters that call for com Those holding shares Nos. 1 tement and now beg to propose the for the Navy, who registered a 40,000, that is to say shares issued adoption of the report and ac to formar shareholders in the counts. Central Estate, will participate There were no questions asked, to the extent of oce half in the and on the proposal of Mr.
clever try soon after the re-start The Club pressed for the most part all through this half, but the Navy defence worked bard
times perhaps a little too vigorous. Anyhow, the Navy won by sir points to three, and might be said to have justly deserved. the victory.
total dividend and bonus for the Bernard, seconded by Mr. H. P. against a vigorous attack, ati year. This will be $2.50 por share, White, the report and accounts absorbing $100,000 We shall were passed. pay a bonus to staff, of $8,000, Mr. C. C. Boyd proposed that place to reserve account $6,000, the appointment of Mr. A, S. 000, and carry forward $157,885. Gubbay as a director in place of 87, a total of $6,965,886.87: and Mr. Hector Sassoon (who resign- I trust this distribution will com-ed) be duly confined. This was mend itself to shareholders. seconded by Mr. E. Sadick and
Incidentally I may mention carried. “that” the-dividend and bonus fɔr
The Rev. Father Robert moved the year now paid represents $20 that Mr. A. S. Gubbay and Sir per share on the shares before Robert Ho Tung be re-elected they were split up into four, and directors: this was seconded by is $2. more than that paid for Mr. J. T. Bagram and passed. 1922. I now beg to propose the On the motion of Mr. E. M. adoption of the report and ac- Raymond, seconded by Mr. A. H. counts as presented, and when Compton, Messrs. Percy Smith these have been duly seconded Seth and Fleming and Linstead I shall be glad to answer any and Davis were elected auditors' questions which shareholders for the ensuing period. may wish to ask.”
This was all the business of Mr. P. S. Cassidy seconded the meeting. Mr. W. J. Carroll asked whether some of the $6,000,000 placed to
A TRAGEDY OF THE TIMES.
reserve could not be paid as a' .Throwing herself in front of a
cash bonus to shareholders, and
the chairman pointed out the
train on the Peking-Mukden
necessity for the reserve with Railway at Tientsin recently a their Debenture And other pretty Russian refugee of 18 com- witted suicide. She was instantly! liabilities. The
killed, at a point at the boundary accopate were then passed un-of the Russian Concession, on the animously.
Tongku line.
and report
Mr. R. L. Bridger proposed the} confirmistion of the appointments
of Mr. A. S. Gubbay and the Rev. Sir Robert Ho Tung were re- Father Robert directors, elected directors.
which was seconded by Mr. R. J. Messrs. Percy Smith, Seth and Wilton and carried.
Fleming and Linstead and Davis
On the motion of Mr. I. 5.were elected auditors on the Perry, seconded by Mr. F. M. motion of Mr. G. H. Potts second- Crawford, Mr. H. P. White and ed by Mr. C. C. Boyd.
The deciding match will, we earn, be played on Thursday afternoon,
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SHIRTS
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PYJAMAS
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50
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HONGKONG.
Now is the winter of the Pipe Smoker's content." As the Government will not reduce the Duty on Tobacco, we have reduced our prices for
the following Brande
Skippers
$1.20
Pinnace Navy Cut
$1.20
B.D.V. Mixture
$1.30
Cordangan
$1.50
Boardmans, Chairman Recorder,
John Cotton, Barney, Parson's
Pleasure, Punch Bowl, Army Mix-
ture all to
$1.50
Ardath
Vafladis· Egyptian Cigarettes
redaced to non plus ultra
$1.50
$1.40
Dames
$1.49
Superfines
$1.30
THE HONGKONG CIGAR STORE LTD-
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