COLONY'S FINANCIAL POSITION.
1925 BETTER THAN EXPECTED.
LANE, CRAWFORD, LTD.
PROSPECTS FOR THE FUTURE.
Speaking at the fourth annual meeting of Messrs. Lane, Crawford, Ltd., this morning, Mr. A. S. D. Coustand (chairman) said: The
THE HONGKONG TELEGRAPH.
TEN SOVEREIGNS.
FOUND IN HAWKER'S WAISTBAND.
Hongkong, and the police minde English govereigns are rare in surprising discovery when ten
net profit for the year, after of them were found in the waist- making due allowances for depre-band of a woman hawker, who was clation and bad and doubtful debts arrested for begging.
is $15,800.45, which, added to the
$8,000,000 FOR P.W.D. The Colony's financial returna for the year 1925 are just publish- ed in the Government Gazette and balance brought forward from last before Major C. Willson, at the She was charged with begging they reveal that, in spite of the year, viz.: $24,199.98, makes the Central Police Court this morning. strike conditions which prevailed amount of $39.994.38 available for she admitted the charge, and "for more than
one half of the distribution. This amount your when questioned as to the period, the Government's income Directors propose should be allovereigns, said they had given to was considerably above the esticated as follows:To pay a divi- her by her son's godother for anfe male, although nearly a million dend of 50 cents per share, absorb-keeping. dollars short of the previous year.to a now account, $2.494.38; and coins should be kept in the hands ing $37,500; and to carry forward Major Willson ordered that the The Government very conser-I trust that this proposal will meet of the police for a week, in case vatively estimated to receive $21,812,700, whereas in actual fact the accounts, you will notice that
with your approval. Turning to any claimant came forward. they received $23,244,365. effect of the strike was revealed $12,467.80 has been written off on The the comparatively large, amount of In lessened income from Light account of bad and doubtful debts.
SATURDAY, APRIL 24, 1926.
AT LAST!
THE PERFECT SUN BLIND
THEY SHUT OUT
THE SUN BUT NOT
THE "AIR.
WILL OUTWEAR
All-Ventilating Shades MADE OF LINDEN for more porch comfort WOOD
#
ANY OTHER
TYPE.
OF SUN
BLINDS MANY
TIMES OVER.
Paris, April 23.
PORCH SHADES
IN SIZES
London, March 29.
Dues, Court Fees, the Post Office,This is occasioned largely by reaed one million francs to the "Save Sir Basil Zaharoff has subscrib rent of Government property, etc., son of the financial stress through the Frane Fund".—Reuter, but there was an unexpected in-which the Colony has passed during eresne under the heading of the year under review, Licences and Internal Revenue not precautions. have been taken by the All due specified. Over $17,000,000 was Management of the Company with received from this source-which regard to accounts, and I think you,
The Central News states that the was an increase of a quarter of a will agree with" me that in such betrothal will shortly be announc million over last year and over times as these, having regard to ed between the Italian Crown two million more than was budget-fthe peculiar nature of our bui. Prince--Prince ted for.
Humbert-and ness, this figure is not excessive. Princess Marie Jose, daughter of Evidence that the land boom has Another point which calls for some the King and Queen of Belgium. paswed is to be found in the fac!comment is the amount of deprecia- that land sales realised only halftion written off. In the very near a million dollars against nearly future we shall move into new pre. two millions in the previous year mises, and, with this in view, On the expenditure side. the fixtures and fittings have been Government did not spend aff it heavily 'depreciated, to make allow anticipated. It budgetted for an ance for those which will have to expenditure of $30,153,511, where be discarded on moving.
There were
well as several small warships" which had not their own facilities for bread making. Groceries and provision were distributed by your main and Peak Stores, and I am
sources, appreciation been expressed regarding
the
4
as actually spent $28,206,8,17---| On the credit side of the Profit happy to inform you that, from a net increase over the mevion and Loss Account it will be noticed several yent of $1,510,389,
that the comparatively
small hus increase in practically every De-amount of $64,040.02 only is in partment, the outstanding excepAccount. As compared with last Our thanks are due to our Euro-
brought forward from Working the distribution
way in which tions being Public Works Recur-year, this shows, a big drop, and pean Staff for the hard work doce was organized. ∙rent ($219,556) and Kowloon-Can-is occasioned wholly by the fact by them during those times, and ton Railway ($567,655),
We have not time or space to its usual turnover.
that the Company was unable to do also to those of our Chinese staff day to set out all the comparisons, that the Colony in general has not of intimidation.
It is obvious who loyally worked on in the faen but the most outstanding feature the of the expenditure was that the t
same spending power that has enjoyed in
record sum of $8,638,030 was spent years, and
on Public Works Extraordinary-ours such a
previous
I will now proceed to something i in 3 business like which, I venture to feel, is much state of affairs more pleasant to consider, and that is the Company's future. I
an increase of over half a million is immediately reflected in our
As the recipts for the year wert $23,244,365 and the expenditure $28,266,817, the Government work ed at a loss of $6,022,452.
ALLEGED BRIBE.
4
new
AEROLUX
VENTILATING.
SPLINTS
7/8" WIDE,
WEATHER PROOF
STAINED GREEN EASY TO FIX,
LONG LIFE, AND
GOOD
APPEARANCE.
3′0′′ to 12′0′′ Wide by 7′8′′ Long.
CALL
AND SEE A BLIND FIXED IN OUR FURNITURE DEPT. SOLD AGENTS
LANE, CRAWFORD, LTD.
P. T. FARRELL Consulting Engineer
-AND-
Manufacturers' Representative.
Agent for: Bolinder's Crude Oil Engines Marine, Stationary and Ligh ing.
King's Building, Top Floor.
Telephone C. 2566. Telegraphic Address "FARSEEING,"
COME AND INSPECT
The best cameras and binoculars. in the WORLD.
GOERZ
as compared with 1924. Other turnover. This year no interest have previously made reference to large increases took place, unde from investments appears in our the fact that this year we hope the headings of Harbour Master's Profit and Loss Account, which to change into Department, Fire Brigade, Medica brings me to the only point in the These will be situated in the new premises. Department, and Port Works balance sheet which requires ex- Extraordinary.
Exchange Building when com- planation..
pleted. The change, with its You will note amongst the assets accompaniment of a certain the amount of $420,809.51 under amount of new fixtures and fil- the Keading of investments. tings, will, of course, occasion ex- against which the market quota-tra capital outlay, but I am able tion is given as $322,620.00 The to inform you that your Com- Jiscrepancy between the book pany's cash position, together value of these investments and ich banking facilities, is nurket quotation is occasioned by mple to deal with the financial the situation from which we, asr of the question without worry well as all other Hongkong Com-to the Management. It is early panies, arc suffering. Your yet for me to give you any idea of i Directors have not recommended what your new store will be like, A trap to catch an Indian police cinted by reason of the fact that forming you that when the movo that these investments be depre-but I am sure I am correct in in- constable, who was believed tother feel that the market quota has been accomplished, and the have accepted bribes, resulted in ion ruling at the end of February new premises are ready for busi- two charges being preferred against him this morning at the Central Company's financial year)
last (that being the end of your mess, you will own what will pro- HALL, LAW Magistracy, before Mr. E. E. Lind only a nominal one,
wasbably be the finest Departmental sell. He was charged with ne
and under Store in the Far East. cepting a bribe of 45 cents, and al-valution of such investments can prevailing circumstances, no fair, ternatively with misconduct. The be made. defendant denied both charges.
Moreover, the amount shown under General Reserve is cover the
CHARGE AGAINST INDIAN POLICEMAN.
Capt. H. F. Bloxham, A. S. Pmore than ample to anid a hawker had complained Inference mentioned.
that the defendant was taking
Stocks have been estimated at
bribes in the vicinity of his pitch-cost price and, depreciated where-
Some marked money was given to the hawker, who gave it to the constable this morning.
ver necessary,
My predecessor, in his speech On his last year, when calling attention
way to the station he was arrested to the dividend paid. Le. $1.25 pa by Sergt. Nolloth, and searched hare, as against $1. in the pro-
at the Police Station. The moneyvious year, mentioned that you" was found in his turban.
Mr. Lindsell remanded the hear. Directors had recommended that dividend, as they were of the
Hoon.
ing, of the case until Monday, at opinion that (in the absence of any unforseen adverse circum- stances) that figure should be be maintained from, your to year. It is with regret that your Direc- tors found themselves unable to re- commend the same dividend "this. year, but I think that you will agree with me that adverse cir cumstances have this year occur. normal
OIL MERGER.
TURKISH PETROLEUM CO.'S INTERESTS BOUGHT.
New York, April 23.
Mr. Walter Teagic, the Presi-red. With a return to
dent of the Standard Oil Company
trading conditions' your Directory
of New Jersey, has arrived aboard see no reason why the future of the s.s. Mauretania and has stated the Company should not be as pros that American Oil interesta have concluded negotiations in London perous as it has been in the past. That, gentlomon, I think satisfac-
you.
with an Anglo-Franeo-Dutch group! who have a controlling interest in torily explains the accounts before the Turkish Petroleum Company, for acquiring the interest of During the past year your Com- that concern-Reuter's American pany has agair been able to render Service.
ZEEBRUGGE EPIC.
EIGHT YEARS AGO.
Rugby, April 23.
exceptional service to the com- munity of Hongkong. In June last, when the strike was at its height, we were successful in dealing with the problem of food supplies for the European population. The new machinery in your bakery: thoroughly upheld the opinion Members of the Zeebrugge Asso-which your Directors had previous- ciation this morning placed ny formed of its offelency, and, in wreath on the Cenotaph in memory consequence, we were not only able of the men who fell in action to supply the community of Hong- at Zeebrugge, eight years ago,kong (including hospitals), but also British Wireless.
care for the wants of Shameen, as
GOERZ
曲
Specialists For Tourists' Developing and Printing.
PHONE 3217
OUR FOOTBALL CARTOON.
WE HAD THE GROUND NICELY
MARKED OUT, BEFORE THE
MÄTCH, AND
WHILST
THE
WHITEWASH
WAS DRYING
AFTER. HALF-TIME.
WE
HAD
A UTTLE
RAIN
WHICH
TURNED
INTO A ...
'WATER SPOUT·
BY THIS
TIME
THEY WERE ALL LIKE THE 'ALL BLACKS
AND IT
WAS
HARD TO
TELL THE
SURREYS FROM
KOWLOON
BOTH. TEAMS
WERE VERY POUTE AND TOOK THEIR TURNS AT SCORING, AND
BEFORE
KOWLOON, SCORED
VERY
LONG
BERE GOES
SINK CR
SWIM
Co., Ltd.
30-32, DES VOEUX ROAD, C.
(By Stan. Hill)
THE SURREYS EQUALISED
THEN CAME KOWLOON'S
TURN, AND
YET ANOTHER FROM THE SURREYES,
I Think OUR
LIFT HALF
HAS BUNK
„KOWLOON "KICKED WITH THE
(THATO MỖI THE
BALL THAT'S
SOME MUD
TIDE, WHILST THE SURREYS DEPENDED BY
THE DEEP CHO. THIS IS A SCENE IN MUD-FIELD
AFTER
树林
YOU PASS TO
ME
NE? I'M THE PLAYING
REF: "EXTRA
WHICH LED TO
TIME ONE OF
THE
KOWLOON!
FORWARDS
USING THE
SCORED FOR: "ALL KINDS OF TRIDGEON KOWLOON BY COMPLICATIONS. STROKE TWO LENGTHS.
THE SHIELD
FINAL.
TELL THE SECRETARY" I WENT DOWN SHOUTING "PLAY" UP KO
THE SUFFORTENS STUCK BRAVELY, AND THIS SHOWS ONE OF THEM GOING DOWN FOR THE THIRD TIME.
ONE KOWLOON PIEALE
AND THE
SHELD WENT BACK AGAIN
TO KOWLDON,
Powell
Telephone C 4578
NEW STOCKS JUST ARRIVED IN OUR
Gentlemen's Department.
瀑备
Coxton" Shoes
I'N
Black and Brown Leathers
American Cabin Trunks in Fly-wood and Fibre
from $47.50-
Tho Trunk with the Guarantood Wear.
Price......$13.50 per palr
Brogues $1450 Guaranteed all Leather
SUIT CASES
SPECIAL CLEARING LINE
at
25% Discount
SUN HELMETS
IN SOLID CORK From ... $10.75 to $19.50 PITH From...
$ 4.75
SUMMER UNDERWEAR
IN
CELLULAR From... $2.00 each 6 for
$11.00
GAUZE AERTEX
2,00
6
"
11.00
3.75
21.00
17
SEE WINDOWS
Satisfactory
Ventilation
IS JUST AS NEOĘSSARY. TO YOU AS TO A DIVER
THE GAS FIRE IS THE
MOST HYGIENIC HEAT- ING APPARATUS THERE 18.
It changes the atmosphere in an
ordinary room six or times an hour
seven
Hongkong and China Gas Co., Ltd.
HONGKONG BUS SERVICE
CHANGE OF SCHEDULE & TERMINAL
Commencing Friday Morning, the 23rd April, 1926.
A 15-minute service will be given between. Blake Pier and the Hongkong University from 8.00 a.m. to 11.45 p.m.-Buses leaving both terminals on the quarter hour,
An hourly service will be given between Blake Pier and Felix Villas on Mt. Davis Road from 8.45 a.m. to 11.45 p.m.-Buses leaving Blake Pier 15 minutes past each hour and Felix Villas 45 minutes past the hour.
Fares from either terminus to University 20 cts. Through Fares.
...30 cts. Half Fare.
Children under 12...
THE HONGKONG HOTEL GARAGE
THE HONGKONG & SHANGHAI HOTELS, LTD.
E. HING & CO. SHIPBUILDING MATERIALS SHIP CHANDLERS
HARDWARE MERCHANTS S
WING WOO ST TRIALES COM
PHONE CENTRAL No. 1116.
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