ROPE COMPANY.
SHAREHOLDERS QUESTIONS.
Houses to be Built.
пр
JAPAN'S NAVY.
AN IMPOSING ARRAY.
London, Feb. 25.
In the House of Commons, replying to Comdr. Bellaire, Mr. W. C. Bridgoman said that 193 Questions as to the intention of ships. wore engaged in the the Company in regard to their manoeuvros by the Japanese land Investments were naked at navy last October, composed of
LEGISLATIVE COUNCIL.
TODAY'S MEETING.
His Excellency the Governor presided over to-day's meeting of the Legislative Council.
FINANCIAL VOTES.
The following votes word ro-
to-day's shareholders' meeting of six battleships throo battle-ferred to tho Financial Com- the Hongkong Rope Manufacturing cruisers and miscellaneous other mittso:- Company, Limited. Mr. R. G. vossola, 07 destroyers, 35 sub- $1,011 on account of Charitable Shewan was in the chair, and there marines and 15 auxiliaries.-Borvios charitable allowance to
Mr. John Lao. were also presont the Hon. Mr. P. Reuter.
H. Holyoak, Mr. H. P. White, and Mr. Allan Cameron (consulting
committee), Mr. R. F. Mattingly I think will satisfy you that nt (solicitor), Mr. F. Tavares $6.50 a foot we have by no moons (secretary), and Mesars, A. A. over-valued this property. By the Alves, Fung Tat-hang, L. Eend the year we had dispored os Guterres, H. A. Lammart, B. C. nearly all our investments at Randall, P. M. N. da Silva, Tsang profit of $214,009.39, which has of Foo, C. A. da Roza, F. X. B. courac swelled the Profit and Loss Ribeiro. W. J. Carroll, I. Shewan, Account, but is not available for as the proceeds have A. II. M. da Silva, W. T. Shewan, dividend. H. H. Taylor, W. J. Hawker, M. been used in part payment of the A. Figueirido, Tong Hok-ting, A.new site at Kowloon, A. Botelho, Felix M. Ellis, V. A. The balance sheet is, I think, Yvanovitch, C. E. Strafford, D. W. quite clear, but I may say that the Munton, Kelly Sayee and Choa Po-remaining investments standing at minahnreboltters).
$16,084.75 have now been realised CHAIRMAN'S SPEECH. fat a good profit, and the loan at The notice convening the meet-fealt was repaid early in January. ing having been read by the
A BONUS. Secretary:
Since issuing our report, we have The Chairman said: Gentlemen, been approached by the represent. The report and accounts for the atives of a large number of share year ended 31st December, 1924, holders who felt that in view of
$800 in aid of the vote Medical Department Government Labora- tory, apparatus and chemicals.
$10,270 on account of Kowloon- Canton Railway, special expondi- 'ure, "Bridge 4".
$12,500 on account of Kowloon- Canton Railway, special expondi- ture, reconstruating the roof of the motor repair sbed.
$6,000 on account of Publio Works, Extraordinary, Hongkong, telephone cable to the Poak.
88,246,26 on account of Medical Department, hospitals and asy- lums new X-ray plant.
$291,800 in said of the vote Public Worke, oxtraordinary,' compensation and resumptions.
$10,000 on account of Publlo miscol- Works, extraordinary, Janeous works, Kowloon,
$8,140 in aid of tho vote Public ront of Married Department, Police Quarters.
Important!
FRESH FROM THE SEA
Including :-
Powell
WHBARY
Telephone C. 3146
Gentlemen's Dept.
-:- Pedder Street -:- We are offering a SPECIAL DISCOUNT ·
OF
15%
OFF ALL
TRAVELLING
REQUISITES
TURBOT
HALIBUT
POMFRET
GAROUPA
SNAPPER
BLUE GOD MACAO SOLE SALMON (white)|
COD
Wardrobe Trunks Cabin Trunks
PERCH
HONGKONG SOLE
Will be on sale at our depot and branches
from March Ist..
have been in your hands for some the large pront made on the sale SOLICITORS' EXAMINATION PRICES SIMILAR TO RULING MARKET PRICES.
time, so, with your permission, we of securities, some further const-
The Council approved a regula- will dispense with reading them.deration was due to shareholders So far as business in cordage is and they thought we might declare tion by the Chief Justico setting concerned, the year has not been bonus. As we find that this is forth the subjects for solicitore A good nne. Competition has been the general wish of shareholders, final examination. This follows very keen and of a kind very dif-we feel that we niust give way to the regulations in force in Eng- fcult to deal with, as our com this feeling, and therefore In ad- land except that the subject of petitors have a market in thedition to the proposed dividend, admiralty law is still retained hore though it has been abandon. United States, which is practically we also recommend a bonus od in the solioltors final oxamina- closed to us, and can dump their 60,000 old shares of 20 cents pertion in England, and the subject surplus here at prices which leave share, $16,000; 90,000 bonus shares of divorce law is abandoned here us little more than the bare cost of 23 cents per share, $20,700; though it is rotalnod there
on
of making. It is a question of 49,874 now shares of 4 cents per Admiralty works is
We hope that our many esteemed customers will avail themselves of this department which is being opened as a result of numerous requests received. Kowloon and Quarry Bay customers kindly order a few hours in advance.
Free Trade against Protection, and share, 31,99496; total, $37,69-1.96. Seneral Hore than in England, The DAIRY FARM, ICE & COLD STORAGE CO., LTD.
I think I have now touched alt
|
NEW BILLS.
The following Bills wore road a first timo:-
An Ordinance to amond the Stamp Ordinanco, 1921.
An Ordinance to amend the Dangerous Goods Ordinance, 1873.
An Ordinance to amend tho Advertisements Rogulation Or- dinance, 1912.
we can only hope that Free Trade
I have been asked why we carry and divorce work much loss com- principles w triumph in the end. forward such a large amount, and mon. Honco the variation from The hemp market, too, has been the answer is that we could not the English regulations. very erratic, rising continually deal with it in cash, and the only from 14 cents per h. In June to alternative was to put it to Ruserve 21.50 per 1b. In Octuber. This Fund or write it off the assets, of course, upset our prices for rope. but we thought shareholders would but we kept out of the market as prefer to have it carry forward in long as we could and bought very Profit and Loss Account where it sparingly till the market weaken would be more readily available for ed, so that we did not have to push future purposes. up our prices to the full extent of the rise in raw material. Under the points upon which you may all these circumstances I cannot require information, and I now beg speak optimistically about our to propose that the report and ac- chances for this year, but I think counts as presented be adopted we can hold our own, even against and passed and that the balance artificially supported competition.or $321,648.96 be distributed, a
follows: Pay a final dividead As you know, it was decided at of: 60 cents per share on 60,000 the wish of shareholders that the old shares, $30,000; 59 cents per factory should be removed to Kow
on 90,000 bonus shares, loon, and the old factory site at $63,100; 14 cents per share on Kennedy Town should be develop 49,874 new shares, $6,982.36; and ed into blocks of Chinese dwelling
a bonus of 25 cents per share on houses. The terms laid down by 60,000 old shares, $15,000; 20 cents the Government for the nequisition! of land at Gin Drinkers' Bay being per share on 90,000 bonus shares, A QUESTION OF PUBLICITY
THE NEW FACTORY.
share
$20,700; 4 cents per share, on
An Ordinance to provide for the incorporation of the Lord Bishop of Victoria in the Colony of Hongkong.
INTER-ALLIED CONTROL.
London, Fob. 25.
in our opinion to onerous, the 19,874 new shares, $1,994.96; and
In the House of Commons, Mr. idea of a factory there was given carry forward to the credit of next up and a more suitable site was
years account, $187,771.64; total, Trovolyan Thomson asked the procured at Kowloon, the purchase $321,648.96. When this has been reason for the dolay in publica. price being $3.40 per sq. ft. For the factory buildings to be erected seconded I shall be pleased to tion of the report of the Inter
Lanewor questious from
holders.
ahare-Allied Military Control Commis-
sion.
Mr. Alan Cameron seconded. SOME QUESTIONS.
Mr. Auston Chamberlain ropli. od that there had been no delay Mr. Lammert:How many new The Inter-Allied military com housee can we put on the old site? mittos at Versaillos had only The Chairman:-Over a hun-received the report on Feb. 18th.
on this site we have made con- tructs, as follows, and the work is pruceeding very satisfactorily:- Spinning and rope houses, $218.- 000; hemp and repe godowns, store and quarters, $250,000; office. picker house, watchmen's quarters) dred. and boundary walls, etc., $29,- We 544.72; total, $497,544.72. doubt if the factory will be ready to receive the plant and machinery from Kennedy Town much before the end of the year, but it may be a little sconer. We shall be able to utilise almost all our present plant, scrapping very little, but we shall increase its efciency and
Mr. Lammert:-In addition to its own comments theroon to the the 28 now completed?
The Chairman:-Yes. Mr. Carroll:-Do you propuse to dispose of them or to rent them?
The Chairman:-We shall rent them, but if anyone wishes to buy we shall be quite willing to sell.
It was the duty of the committes to consider the report and submit Ambassadors' Conference, which would then report to the Allied Governments. The question of publication must be decided by Tho the Allies in consultation. Allies' object must be to obtain falftiment of those provisions of Mr. Kelly Sayce:-How much are the Treaty of Versailles on which, bring it up-to-date by the addition thoan 28 houses likely to bring in?by the terms of the treaty itself, The Chairman: About $150 the reduction in the period of new plant, which our
occupation of the Cologne area Superintendent, Mr. Gardner, per-each per month; we cannot say.
Mr. Sayce: is it your intention was made to depond; therefore it sonally selected and ordered when
This to build on the land or to sell it? would appear that the question of he was at Home last year.
The Chairman:-Land la easier expediency of publication would machinery will cost about $90,000
to sell when built on, and we depend on whether or not public- laid down here.
After careful enquiring we have thought we would build on it and ation would facilitate the satis- come to the conclusion that the thee sell the houses to any person faction of the Allies' just demands, might wish to purchase, and consequently the evacuation market for trawl twine is too small who
of some
out here to warrant our going to Persons who rent the houses very of the Cologna area, the expanse of plant which we find aften buy their houses afterwards, would cost at the lowest estimate
some $115,000.
LAND SALES.
BUSINESS MATTERS,
No further questions being ask
ed, Mr. R. G. Shewan put the Work has gone on uninterrupted-motion to the meeting and it was ly at the factory, although we have carried unanimously.
The re-election of the consulting just completed the building of ni further 12 houses there in addition committee was proposed by Mr. to the 16 we first put up. We are II. 1. Tayler, seconded by Mr. now negotiating for the letting of Fung Tat-hang and carried unani- theso 12 houses and have every mously, prospect of obtaining a fair return;
The auditors were re-elected on
ARGENTINE PESOS.
GOLD DOLLAR BACKING,
New York, Fob. 25. The National City Bank of Now Yark han purchased ton million dollars gold, part of thirty million dollars to be hold by the Fedoral in rent. But we can do no more the proposition of Mr. Lammert Reserve. Bank horo against tho An extraordinary general meet-issue of additional peso notes to roliave the curronoy stringoacy is no more vacant land avaliable: ing of the Company followed, when in the Argentine, which it is During the year we sold a small the Chairman proposed as an ex-understood will ship this gold to piece of land to the Hongkong traordinary resolution a resolution Buenos Aires as pormanoat cover Electric Co., Ltd., for a sub-station altoring the Articles of Associn-for currency if, after five months, [additional paper money remains
in the way of building there until seconded by Mr. Carroll. the factory in removed, as there
on which we made a profit on the tion. bock value, as you will see from
STERLING SILVER CUPS.
CUPS
ARE
ENGLISH
SPECIAL
PRICES
ALL OUR
TO THE
NAVY,
ARMY,
CLUBS
AND
SCHOOLS.
HALL
MARKED
STERLING
SILVER.
CALL
AND SEE THE LARGEST SELECTION
OF
SILVER CUPS and MEDALS
IN
THE COLONY
AT
VERY REASONABLE PRICES.
CUPS and MEDALS WILLINGLY SENT ON APPROVAL.
LANE, CRAWFORD, LTD.
JEWELLERS and SILVERSMITHS.
Phono C.4567.
HONGKONG.
Phono C.4567.
Suit and Attache Cases
Kit and Brief Baga Linen Bags and Holdalls
Travelling Rugs
BOLS LOUEURS
DO YOU REALIZE THAT EVERY BOLS BOTTLE CONTAINS
A LIQUEUR OF QUALITY ? PERHAPS NOT THE CHERPEST
BUT CURTAINLY THE BEST BRAND ON THE MARKET.
EVERY BOLS BOTTLE IS
GUARANTEED BY THE LABELİ.
SOLE AGENTS:
CALDBECK MACGREGOR & CO., LTD..
15, Queon's Road, Central.
Telephone 75 Contral:
GAS IN THE DRAWING ROOM.
THE UNEXPECTED VISITOR UP AT ANY MAY TURN
TIME
BE PRERARED
BY HAVING A GAS FIRE INSTALLED.
A GAS FIRE PROMOTES JUST THAT COSY ATMOSPHERE SO DESIRABLE IN OUR HOMES
WE HAVE A LARGE NUMBER OF GAS FIRES OF VARIOUS DESIGNS AND STYLES ON VIEW AT LANE CRAWFORD'S, STORF, AND OUR WEST POINT SHOW ROOMS.
COME AND SEE THEM I
DAIRY FARM NEWS HONGKONG & CHINA GAS CO., LTD.
COLD STORAGE.
From 1st March storage rates on wearing apparel, carpets etc., will be reduced from 30 to 20 cents per cub. foot per month. For further particulars apply to the Secretary.
Mr. Holyoak seconded and the in currency. Router's American The Dairy Farm Ice & Cold Storage Co., Ltd.
the accounts, of $15,810.07, which motion was carried.
HOME LEAVE
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