A
Qualified Sight Testing
with Modern Equip-
ment
LAZARUS
Ophthalmic
T
Optician
12 Queen's Rd.
Central
The Only Europaa
Optician in the Colony
The
Hongkong Telegraph.
13
Forkti jez
No. 11,710
LAND INVESTMENT
MEETING.
SHAREHOLDER'S
KE
CRITICISMS.
CHAIRMAN DEFENDS DIVIDEND POLICY.
**RECE
tho local.
TUESDAY, FEBRUARY
10.
1925 公十八,月正
KNOGE, LUFT 10 VIS
COOPER.
ANOTHER TYPHOID
proving tho ond of activity that DEATH OF MR W. A, J,
pravalled in property markot for the past fowi yeara. For tho first lon yoara of] its existence, tho Company operated on a capital of two and; a half millons and for the pasti
VICTIM. 25 yoars on one of five millions. To-day its assota aro vory conservatively put
Typhoid fover has claired an at clovan millions, while from first to last other woll-known local silent
THE RACE...
SOME OUTSTANDING PONIES.
Derby and Champion Prospects.
With the annual Race Meeting
ita shareholders will have had in the person of Mr. W. A. J. starting on Monday next, lots of Some sixtoon million dollars distri-Cooper, land surveyor of the folk who are not of the band of public Works Department, who enthusiasts who line the rails on]
bonus now proposed, is approved,
DODGE BROTHERS 2-3 passanger Buntives Coupe nas a large and vory acconalble compart. · mont behind the soat for carrying golf bage and other sports gour, Dod.o Brothors standard of material nd workmanship assures dependable trans- portation at minimum cost
Standard
Special...
$2,920
13,220
THE DRAGON MOTOE CAR Co., Ltd.
Tolophone Contral 246 or 1247,"
33 Wong Nai Chung Ro .Happy Valley.
ISPECIAL TO THE “TELEGRAPHI"-]
WAR DEBT SITUATION.
“PARLIAMENT'S "NEXT SESSION.
One of the largest attended Company mootings held in the
buted to them. if the dividend and passed away at the Government training mornings are wondering ST. PAUL'S CATHEDRAL FUND. Colony in recent years was that of the Hongkong Land Investment as it doubtless will be, being the Civil Hospital this foronoon just what are the outstanding ponies and Agency Co., Ltd., which was held to-day at noon in the Board most generous in the history of after sloven o'clock.
this year and also what are worth Room of Messrs. Jardino Matheson, and Co., Ltd. It had boon pre- the Company. That is a record
The deceased gentleman, who watching
London, Feb. D. of the session which was begun for place botting. The British Noto to the French before Christmas. Thoro is no viously known that a number of questions wore to be asked by a of which our sonior Managing was only 30 years of age, had Below will be found a shareholder regarding the distribution of profits, and those were put Dirostor may justly feel proud, boon in rather poor health for rovioy of this year's prospecta, Inter-Allied Debts has had a. by to visit Westminster, and thoro short Government upon the subject of ocossion, thorofare, for the King by Mr. Kelly Saydo. The full report is below,
and on which
should some time, and he was admitted
The Mooting will be remark in Franco. Since tho Noto was
no moans unfavourable reception will ho no King's Speech.
It is probable that much of the
Mr. B. D. F. Boith presided and
and for this reason the latteration.
no
together with a few tips. wa congratulate him as heartily as to hospital just a fortnight ago,
dition
SHAREHOLDER'S QUESTIONS.
to his
.
!
BRITAIN'S SINCERE
GOODWILL.
Д
sinounts to £625,000,000. Britain
Britain
ST. PAUL'S CATHEDRAL.
It is stated on behalf of the
LAWN TENNIS.
American Players for Wimbledon.
cont. is collected in cash, the wo way congratulate ourselves.lile complaint being diagnosed as able for the large number of despatched in response to an on-time of Parliamont in the session, there wars also present Sir Paul balance remaining on mortgages, I beg to second the motion from typhoid. From the first, his con- Derby ponies, there boing no quiry from M. Clomontel, it ie to which continues until lato in the Chator, Sir Robert Ho Tung, the you will
doubt
dition was regarded with much fowor than 61 entries for this be assumed that the French Gov-joummor, will be devoted to the Vory Rovd. Father L. Robert, Mr. that your Director are making
agree the chair.
anrioty, although he rallied once yoar's classic evout. There are crnment will now have under con-questions of finamos, housing, H. P. White, Mr. A. II. Complon, you the largost possible return
or twice and hopo was not com-some entirely new stablos, and sideration to drafting of a plan of unemployment, agriculture and (Directors), Mr. W. E. L. Shonton consistent in safegarding tho
plotely abandoned. He had a the famous stable of John Pool, payment which will accord with trade development. The con- (Solicitor), Mr. L. S. Greenhill Company's position, and at the The Chairman Haid if there!rolapse this morning, and passed which has been a meagra one for the principles laid down in the sideration of supplomontary ost- (Secretary) and an extremely same time looking to the future. were no questions he would put
away as stated;
somo years, comes back again British Noto. large number of shareholders. In this connection I may mon- the resolution to the mooting, the Colony in 1911, and ever since mounts.
The Into Mr. Coopor came to with quite a number of good
mates for noxt year and other Prominence is given In the financial business will ongago the tion that no sales of proporty whon,
Mr. Dynasty has in- THE CHAIRMAN'S SPEECH.
have hoon effected einco last) Mr. Kelly Sayco rose and said: Department of the P.W.D. Prior Sir Paul, who will be attending London in the near future. This, other subjects, until Eastor.
had been employed in the Survey creased his string to 14, while newspapers to the possibility of attention of the House of Com- The Chairman said: -Gentle- August, nor door the present I should like to ask ono or two to coming East, ho was Engineer his 60th. Raco Mooting this year, it is held, might be advantageous,
an Anglo-French Conference in mons, to the exclusion of mont mon, The report and statement state of the property market questions regarding the balancoling Assistant to the Board of has the largest individual stable, Bloco M. Herriot and Mr. Bald-aro of accounts, together with the suggest that the Company will sheet. Can you please tell me, or Public Works in Dublin (1908-09) with 18 ponion. Mr. L. Dunbar win have never met, and since Thoir consideration in Parlia The Estimates for next year still under oxamination. auditor's report, having been infind this a material source of tall the shareholders here, how do and Aesistant Engineer of the la your hands for some days. I profit during the current twelve.
now-comer, but at the there are subicote in addition to ment provides an opportunity for propose to follow the usual cus-months, a factor which must not you arrive at the amount of Baro-Cano Railway. Nurthero last moment has been disappoint that of the debt question which debates which invariably cover a tom and take them as read. The be lost sight of in considoring Foos for 19247 What is the rate bo was, for a brief period, Assist who was coming down
$353,693.06 Managing Directors' Nigoria (1909-11). following whiched by the non-arrival of Mr. Ball, might with advantage bo wide field. The Budget will not natt profit for the year, after tho question of bonus.
from discussed. mooting all administrative ox-
bo introduced until aftor the The total amount advanoad on count do they charge that amount? orament Railways in Southora euro of business was the reason regard to Inter-Allied Indebted-
of commission and on what a0-ant Enginoor of the Lagos Gov. Shanghai to ride for him. Pres-
Briolly stated, the position is Easter Recoss. poneses, amounts to $3,183,237.51 mortgages is now $10,845,733.11. Is it on general salos or, on the Nigeria. During his residenco in against $4,340,186,38 last year. against last year $4,355,258.11, interest or rent?
THE JOCKEYS,
nosa is that Britain's Allias owo The latter figuro, you will an incroasa of
the Colony, be made very many approxi-
The number of jockeys this her approximately £1,800,000,000, remember, included $1,306,632.83 į matoly $2,500,000, and against The Chairman:-1 rotor you friends, by whom his demise will year will be sufficiently large to including Franco's debt which gain accruing to our Company as this nasot wo havo doomed to Articlo 95 B in thebo very gonuinely regretted, He allow of 20 ponies facing the a result of the amalgamation with it prudent to increase Reservo Articles of Association, which leaves a widow and two young startor in any one raca. Those
ho Contral Estato Company, Account by $1,000,000. The ad- roads BA follows:-" In ad-daughters, who are at present in down from Shanghai are Mogers wos Amorios the sum of £900,-
Britain is |000,000.
repaying Limited. I mag mention hero vantagon of carrying forward a
No Danger to Worshippers. remuneration the Colony, and with whom the E. Mollor and F. R. Vida (for Sir that in last year's accounts this substantial sum to next year in mentioned in Article 95 A, each utmost sympathy be felt in Paul), Mr. Maitland (for John America, but her Allies are not
London, Feb. 9, profit was not included in the place of allocating the money to of the permanent and managing their heavy boren veniunt.
Peel, Mr. McBain (for Mr. H. Prepaying Britain. By bor offer to rolinquish all claim to monios balates upon which the Manag-special account is obvious, and directors andfor managing The funeral takes place this White), Mr. Crokam (for Messrs. Que to her from Eurone over and Dean and Chapter of St. Paul's ing Directors' foes were reckoned, calls for no particular explana directors, shall be entitled to a ovaning, passing the Monument Toeg and Priestley). Mr. A. Jabove the total she has to pay Cathedral that their export ad-
commission of $3.50 por cont. onjat 5 p.m.
11oard (for Mr. Dynasty, Mr.A morica, Britain is virtually visors have assured them that commission for the present year I have gone into this matter the nett profits of the Company
Hamovitch (for Mr. Racha) and handing over all payments due to worshippers and sight-seere can exceeds that of 1923 although the womewhat fully, as a few weeks for each current year in which
Mr. Encarnacao (for Mr. A. A. her as Gorman reparations to hor continue to frequent the Catho- actual profita earned by the Com-ago your Directora received a such nott profits amount to $7
Alver), Others expected to arrive Allies, and is taking to hor owa dral in perfect safety. The num pany are less. As regards the lottor signed by, a number of per cent. on the paid-up capital, THE FRENCH DEBT. are Mr. Pirio, Mr. Morris and Dr charge the whole of her own war bors attending the services, have profit and loss account, ronts are shareholders, which suggested and to a commission of $5 per
Pratt, Local ridors are Mr.
damages plus £800,000,000 of shown no signs of falling off: slightly higher, and interest has that the whole of the profits made cont. on such nott profits for each
Zellonsky (for Mr. Remedies), foreign securities devoted by hor since the first report regarding improved by about $220,000 by sales of property this year current year in which they
Mr. Gibson (for Dr. Kow), Mr to the general war effort prior to the condition of the Cathedral. ан the result of the larger should be distributed as a bonas, mount to $10 por cent, or up.
Harriman (for Mr. Carroll). Mr. the entry of the United States. was published. amount advanced on mortgages. The sum of $2,500,000 was mon- wards on the paid-up capital.”
Doyle (for Mr. Birkett) Ct. It is common knowledge that The amount now. raised for the The profit on the sale oftioned as buing available, whereas Tho figure for this year is arrived
Thompson (for Mr. Dyer), Mr. Paris, Feb. 9. investments and proporties must the actual figure.
is thus involved in Proservation Fund exceeds £227,. as already at by taking the balance of the
Seth, Mr. Nemazee. Mr. Pollock,nancial burdens which call for 000. be regarded in a different light mentioned, is $1,874,683 30. The profit and and loss account us
The Press recognise the sincere Mr. Sowall, Capt. Hall and others. taxation of her citizens for to the regularly earned income latter received also made mention £3,183,237 51 and adding to that goodwill and conciliatory spirit Thore ought to be large fields and groato, than that impered in any of the Company as such gains are of the Prays East Reclamation $353,693.06, which makes $3,536.-inspiring the British Note, and good sport. non-recurrant, and mean that the Rights held by the Company as 930.60, and if you take ton par basis for discussion, but, irrespec- consider it forms an acceptablo
DERBY PONIES.
jother country in the world. revenue from such sources will being marketable at $1,000,000. cont. of that you get the figure in tive of party, they consider the entrants are Local Option (John The two outstanding Derby either cease or decrease. It would Doubtless the signatories of this question, namely, £353,593.06. therefore, be very detrimental to letter failed to appreciate the fact} Mr. Sayce.What
various paseugen vague and ob- Poel) and King of Hearts (Mr. PARLIAMENT MEETS TO-DAY. are the geure, and the interests of the Company to that a large portion of the Com- Directors ideas in building up elucidation ho'ore the Govern- mixed-breads which come within that they require Dynasty). Those two Fovics, consider distributing by way of pany's Reclamation Rights in the such a high profit of $7,000,000 to ment can move further. dividend and bonus the whole of Eastern District had boon dispos- the Rosorvo Fund when our pro-
the hoight limit, have done some
Budget Being Considered. Long and delicate nogotiations roally fast times in the training this money, as it would seriously jed of, and to estimato the present portios are worth, I believe, about are anyhow regarded as inevi-gallops.and stand out as being
London. Fob. 9. It is understood that a lawn affect the future earning capacity day value of our remaining Lots four times their book value and table.-Reuter.
London, Feb. 9.
tonnia team of loading American of the Company, and I think you at $4,000,000 is very far from the knowing very well that our re
the two serious contestants for
Parliament ro-assembles to players is coming to England this will agree that it is very desirable mark, and would require a sale clamation rights in Wanchai will
the ovent. Thoro are at least for a Company like ours to main-figure of something in the roigh-bring us another three or four;
three other vory good ponies in mark the opaning of a new eos championship
The meeting does not year and will play in the world..
tournaments at tain, as far as possible, an oven bourhood of $16 por square foot. millions in the next three or four)
this clans, these being Chicago sion, but is merely a continuation Wimbledon. rate of dividend, and, when the Turning to the balance-sheet, yoars?
(Messrs. Dunbar and Stanton), rosult justifies it, to increase the you will notice dobenturor of
Mr. L. Dunbar's Gimlet, and Dr. return to shareholders by payment $1,500,000 taken over from the of your question has been fully 'The Chairman: The first part
Kow's Wimora. All those ponier of a bonus. This is the policy that Contral Estate
have done the milo and a half disap; dealt with in my speech. With your Directors have followed. Uppeared. These word paid!
inside 3.25 and will give an to, and including the year 1918, off
of account May
themselvos -in last, we paid a regular dividend of $7 accordance with the terms of the fits you roforrad to, it will be
whatever events they turn out por share, oquivalent to 7% on sale agreement on Prince's Build- dealt with when the day arrives. anniversary of the founding of p
The three hundred and fiftieth for. Other Derby ponies showing the paid-up value of the shares.ings, the sum being advanced by Undoubtedly your Directors will Leyden
well aro Beauty Dahlia, The dividend for subsequent years this Company on the socurity of give prudont reasons 48
University has been Arabian Parrot, The Wasp and until 1923 has been as follows: a mortgage on the latter Building always have done in the past.in the historic Pistere Kerk of dista co ponies good for anything
celebrated by solomn confermont Saracon, but they 1919. A dividend of $8 and a expiring in Marob, 1926. The (Hear, hear and applauno).
EXPLAINS. bonus of $5, making $13 in all, item "Accounts payablo" io con- Mr. Sayce:-Do you got com-
the degroo Doctor of Laws on up to a mile and a quarter, which equalled 13 per cent. on siderably higher than last year, mission on all loans and mort- Queen Wilhelmina, in the pres- SUBSCRIPTION GRIFFINS,
M. Zinovioff has written to M.
London, Feb. 9. par valuo.
as represented by the Company's gages? If so, do you think it la
The bulk of the subscription Marcol Cachin directing tho of the Royal Family,
W. C. Bridgeman, the First 1920-A dividond of $8 and a cash position.
diplomata,
again University dignat griffins have
Fronch Communist Party to Lord of the Admiralty, in a bonus of $6, making $14 in all, granted on Princo's Buildings, carning about oight par cont. on after an imposing procession of the 90 which arrived in this masses in North Africa, and an- the need for a base at Singapore, Bunge, fair for us to leave the money aries, professors and students disappointment this year. Out foster an armed revolt of the spacch at Burnley emphasising which equalled $14 per cont. on roforrod to above, approximately par valuo.
accounts for the difference. We Managing Directors to reap a
mortgages and allowing the through crowded streets-Reuter. Colony from Kalgan, only about nouncing the payment of a mill- refuted the suggestion that the 1921-A dividend of $9 and a propose to pay a final dividend good harvest every year while wa
30 are left which will face on and half france as a subsidy action might be regarded as ilko-, bonus of $9, making 818 in all, of $2 and bonus of $2.50 per share, shareholders have to beg for a
the startor, BOTCO having for this purpose.
ly to cause uneasiness in Japan. which equalled 18 por cont, of absorbing $1,080,000; pay a bonus botter bonus when we have made kooping money out at eight per start whilst others have" orockod" paper Liberte reproduces in full, Japanese Government. "whose beon obviously no good from the The lottor, which the now- Ho pointod out that tho. par value,
to staff of $8,000; place to ra good profit liko last year-1924? (cont, 1922. A dividend of $10 and a servo account $1,000,000; and Thank you, Sir.
during the training season is marked "Vory secret", and friendship wo valus now as we The Chairman :-What is your cla bonus of $8, making 818 in all, carry forward $773,124,38:
Dick (owned by Mr. dated December 2nd, 1924, signed valued their loyal alliance in the which equalled 18 per cent, on a total of $2,861,124.38; and your first question is:-"Are the
The Chairman:-I think that idea of a dividend then ?
Rolyon) is certainly the best, but by Zinovieff in his capacity as Great War," ware wall award at par value.
trust that those proposals will Managing Directors entitled to I am only asking questions, Sr.
Mr. Bayou have no idea: in not thought to be able to carry President of the Ikki, which is the time of the Washington 1923, when the shares were meot with your entire approval.
off the Valley Stakos, which is section of the Third Inter- Convention that the project had split-A dividoad of $3 and a I now bag to propose the adop-)
The Chairman-if no share too short a distance for him. The national dealing with the organ- long boon in our minds. bonus of $2, making $5 in all, tion of the report and accounts Bages." I that your first question? holder has any further questions, milo and a quarter bas boonisation of revolutions in colonies. Our action was being taken for which og called a dividond of 20 as progonted, and after this has first question.
Mr Bayco-Yor, that is my I will put the resolution to the dono in 2.54.2/5 sec., his gallop-Beuter,
the sale purpose of Introducing per cent in par value, and this been duly seconded Ishall be
mooting.
Sunday morning reading;-
grester qoonomy into the move- The Chairman -Naturally, as The resolution Joar our Directors are reoom-glad to answer, to the boat of my interest on mortgages is the without any dissentient vote.
was carried 37: 113; 1.48.1/5 2 32.1/5;| monding a dividend and bonus atility, any questions sharo samo on rentala and goes into the
12 54.2/5 Flying Star le fancied good race between Prince Ro. Tents of our ships in shore which shows a return of 26 per holders may wish to put.
FORMAL BUSINESS.
for the Valley Stakes, other good gont, Victoris, ( maro). Looslators, not from any expectation profit and loss account on which cont. on the par valub of the
Mr. C. 8. Gubbay and the Subs, being Jimmy. Lad (Mrs. Option and King of Hearts, for it. of attack from Japan, and still jess from any aggrenalva desirés sharon. To satisfy this, the sum
SECONDER'S SPEECH. the Managing Directors foos are Rovds-Father Robert were re Taggart), Urgant, Perron II, practically certain that they on our park-Reuter.
reckoned.
Other elected Directors, Messrs. Poray Teashop, Smart Crook, Poppy will all quality, of $1,500,000 le raquired, whereas Mr. Deacon, in seconding, said: Mr. Sayoo: If we make enough Smith, Beth and Flaming and Loaf and Mowgli.
ponies well worth' watching, aro ho not receipts, from rontals, It is easy, air, for any constant to keep us going on mortgages at Mesers. Linstead and Dayls were
Gymp, interest. atc., total only $737,972 shareholder to say that he soconds sight por cent, and we are paying re-elected auditors at a remuner. Of the Old Ponies, Prince Spotted Sand, the last-an and ba
Duke of 'Frisco," aud 26, a difference of nearly 8822,000 a raport like this with pleasure-80 vory large Directors foes, I do ation of $750. osob, and the Regent is not at present up to his ing still a goor. This remarkablo representing almost 50 per cent. a report that, tako it for all in all, not think there is very much left Chairman closed the meeting by usual form, but will give good pony won the Ladies Juras In of the gain shown on saios of pro-is the best in the history for us because of the commission announcing that dividend war account in any rage in which he 1920 and has alwaysć głown up perties, 1,874,085.20. Bearing in of the Company for it paid to Directors according to the rante could be obtained by Apply foul Eyourby to win well. Kügsahimura Ba, dild; and mind the fact that on the sale of shows an extraordinary slable Articles of Association, I do not ing at the Company a offios 10. the 4Ohatar Cup-And-in-
property only 25 to 30 per position at what looks like think we are, makin diamon by morrow Fidzot lim
on
have
30th
rogard to the second part of the question, about the potential pro
they
commission on interest and mort.
HISTORIC LEYDEN.
Топсе
HONOUR FOR THE SOVEREIGN.
Loydon, Feb. 9.
ATO short
OLD PONIES.
boon
morrow.
ZINOVIEFT'S LATEST.
SINGAPORE BASE.
3
FRENCH EXPOSURE. POSITION OF JAPAN.
FOSTERING ARMED
REVOLT.
Paris, Fob. 9.
Booran "hould of
old
COLONIAL SECRETARY
‚TO-DAY.
Closing Erek