THE
HONGKONG
PENINSULA HOTEL:
HONGKONG HOTEL: REPULSE BAY HOTELI
PEAK HOTEL
AND
SHANGHAI
ASTOR HOUSE; PALACE HOTELI
HOTELS
LIMITED.
In association with 'the Grand Hotel
Des Wagons Lits, Poking. *
KOWLOON HOTEL
KOWLOON.
Under the Personal Supervision and Attention of
Phone Nos.
K. 608 & K. 609.
Mr. & Mrs. H. J. WHITE.
Cable KowLOTEL
Hongkong.
PALACE HOTEL
Tel Kowloon No. 3,
Tal. „Address "Palace."
A First Clan Bsidential, and Tourist Helel with all the Uon. vani nces of a Home. Under Entirely European Management. Corr Lounge and Billiard Balcon. Three minutes from Ferry. Families specially
a rod for, Modarala term.
Men. J. M. Ozberry,
'Propți tross
EUROPE HOTEL 'Renowned by Recommendation"
DANCING:
MUSIC:
GRILL:
After Dinner every Tuesday, Thursday and Saturday,
On the VERANDAH every Saturday from 12 noon to 1.30 p.m. and every Tuesday, Thurs- day and Saturday from 7.30 to 8.30 p.m.
Telephone. 5341 (8 lines) Cables "EUROPE" Singapore.
THE EUROPE HOTEL Ltd. Arthur E. Odell Managing Director,
RUNNYMEDE HOTEL-PENANG
"MALAYA'S NICEST HOTEL"....... With beautiful private lawns to the Sen
MODERN THROUGHOUT
Dinner-dance twice weekly
RUNNYMEDE MOTEL LTD. George Goldsack.
CABLES.-" RUNNYMEDE."
Manager.
NEW PARIS STRAW HATS
AT-
Rolande Sarrault
Pedder Building.
3rd Floor.
Tel. 22252.
THE HONGKONG TELEGRAPH MONDAY, JUNE 23, 1930.
LANE, CRAWFORD'S MEETING.
OD
ment. You will notice the words "Less Depreciation" appear under this head without any amount being shown. The depreciation has been debited to working account of the department
concerned, and the figure shown represents the depreciated value.
net
"Stocks as valued by the Manage- ment" have been valued at landed cost, and depreciated where necce eary.
Peak Depot Improved.
PROPOSED PURCHASE OF EXCHANGE BUILDING. Reference to the purchase of Ex- chance Building by Messrs. Lane, Crawford, Ltd., was made at the eighth ordinary yearly meeting of shareholders, which was held Saturday morning under the chair-
During the year under review. we manship of Mr. M. Manuk. Mr.
have improved our depot at the Manuk, stated that, after negotia Peak. This has been done in coh- tious, the owners of the building.junction with our friends, the Dairy the Hongkong Realty and Trust Farm, Ice & Cold Storage Co., Ltd, Co. Ltd, had agreed to sell the and the new situation undoubtedly building subject to the approval of giver botter facilities to our their shareholders.,
customers served by that depot.
The Chairman also stated that
kiti pod Sinkers on "ment had been purchased in order to keep up the high quality of food and service of the restaurant, and said that because of the popularity of the restaurant and the increased turn-over of late months, the Direo tors were satisfied with the advance made.
After the Secretary had read the notice convening the meeting, the Chairman said:
Chairman's Speech. Gentlemen,-The report and a0- counts having been in your hands for the prescribed period, I will, with your permission, take them as read. The Auditore Report is as follows: "We report that we have Axamined the account of Jane, Crayford, Ltd., with the books and vouchers of the company for the year ended 28th February, 1830, and have obtained all the information and explanations we have required. our opinion the abore balance sheet is properly drawn up so as to exhibit a true and correct view of the state of the company's affairs According to the best of our formation and the explanations given to us and as shown by the banks of the company."
in-
In dealing with the accounts, you will notice that the nett result of
working shows a profit of $42.023.45 us compared with $23, 102.53 for the previous year, and a loss of $11,097.74 for the year pre- ceding the last.
You will als notice an item at the debit of profit and loss ac- count under the heading of "Ex- change" this sum, viz: 81,089.75, represents the adjustment of starling accounts current between our office here and our London Agents.
Repairs and renewals show a de crease as compared with last year. This is accounted for, to 2 cou siderable extent, by the fact that sundry repairs and renewals bave been debited this year to working account.
Bad and Doubtful Debts.
We have also taken the Peak Garage, and I am pleased to inform you that our clients are well pleased with the service they receive.
The amount of business done by the Kiosk at Repulse Bay has en- couraged your Directors to further extend and develop the surrounding land. The Government has granted UR a licence for the sale of alcoholic liquors to be consumed with meals on the premises.
Your management has been at considerable pains to keep up the high quality of food and service generally of your company's re xtaurant, and in this connexion new kitchen equipment was purchased during the year. From the papa- larity which this restaurant enjoye ́t would appear that these improve. ments of our service are appreciat cd.
The same policy has been adopted with regard to your company's bakery. Your Directors are
satis fed with the advance this deport- ment is making, judging by the in creased turnover of late months.
Purchase of Building.
Your Directors have been in negotiation for some months past for the purchase from the Hongkong Realty and Trust Co., Ltd., of the building known as Exchange Build- ing, in which the main section of your.company's business is situated, and I am now in a position to in form you that the Board of Direc- tore of the Hongkong Realty and Trust Co. Ltd., have agreed, sub- ect to the approval of their share- holders, to sell the property to this company.
General conditions in Hongkong and China during the financial year under review, coupled with the de elining dollar, have been such as to cause the management and your Directors considerable thought and anxiety, and when these conditions are taken into consideration, I think you will agree with me that the working of the company is not entirely unsatisfactory, thanks to e loyal co-operation of the management and the staff as a whole.
I informed you last year that the reserve for bad and doubtful ders,
Subsequent to the printing of the namely 83,000, which was then
redort and balance sheet which are created, was considered by your Directors to be ample, and you will before you, Mr. L. N. Murphy, who I regret to say jo-sick and cannot notice that the amount to be
attend today, Mr. A. B. Stewart, written off this year 1984 and Air. T. E. Pearce, were invited It is proposed that in addition to the 83.000 already standing to the reserve for bad and doubtful dents, the further sum of $5,000 be added
thereto, and I am sure you will
agree wtin Le Judy
Directors in this regard It is matter for congratulation that the writing-off and reserve necessary are so small, considering the magnitude sal nature of the company's hasiness.
It is regretted that our invest- ments have not given us any return this year. This, however, should not be taken as meaning that these investments have depreciated. would assure you, gentlemen, that our investments are fully worth the amunt at which they stand in the hooks of the company.
Depreciation Decision. Turning to the balance sheet. Apart from the item "Investment," which has already been referred to, the only explanation necessary 18 in reward to "Depreciation," and in explaining these figures I think it will be sufficient if I point out that Your Directors have decided this year to depreciate $21,564.01 2.8 against 88,392.37 for last year, and I feel sure that this conservative policy will be endorsed by you with out hesitation.
There is one item of depreciation which I should like to explain, and that is "Garage Tools and Equip
SALESMAN ŞAM
SAY, EDDIE, HOW DID POWDER"
MAKE OUT IN THE LAST
WILHO
RACE YESTERDAY?
and have joined the Directorate of the Company. According to your company's Articles of Association, these appointments do not require confirmation at this meeting.
I now beg to propose that the report and accounts for the year ending th February, 1930, AS cresented, be adopted, and I shall be glad if some shareholder will second this proposal.
When this has been done I shall be glad to answer to the best of my ability any questions shareholders my wish to ask.
SAUSAGES
FREE!!!T
As an introductory offer we are giving three delicious products for the price of two.
ZESTO PIKLE price per bottle at 60 IOI SAUCE
.70
PORK SAUSAGES
Free
Total Cost $1,30
Order Now
This offer will be withdrawn when pre- sent stock is sold.
MORTON
C&E.MORTON LTD`
ZESTO
PICKLE
DIGESTIO
MORTON
TOMATO
MORTON
MUSTARD
LONDON ENGLAND.
Sausages!
Ask for tin of Mortons new Pork Sausages try them you'll want more-and don't forget Morton condiments
Obtainable from:--:"i
THE FRENCH STORE, 8 & 9 Beaconsfield Arcade,
RIZAL DAY.
CONCERT AND DANCE AT KOWLOON.
In honour of the birthday of Dr. Jose Rizal, the great Filipino
COM-
patriot, which falls on June 19th, the local Filipino community held an al fresco concert and "dance on the grounds of the Filipino Club at King's Park, last night. A concert given by this munity is always one that can be confidently looked forward to for first-class music, and that last night, apart from the especial interest it had for Dr. Rizal's countrymen, was no exception to the general rule. A plethora of talent was present, the best com- bination of which was evidenced: On the proposal of Mr. C. B. in the selections given by un Brown, seconded by Mr. D Korchestra: They delighted a large Kharas. Mr. E. M. Raymond was number of members and their re-elected to the Board of Directors. friends.
Messra. Linstead and Davis were re-elected as auditors at a remunera- tion of 81,250, on the proposal of Mr. D. M. Goodall, seconded by M. Chan Nai-pan.
Other Matters. Mr. F. W. Stapleton seconded and the proposal was carried unanimously.
con-
Instrumental solos were given by Mr. A. S. Garcia, Mr. H Dumatol (whose saxophone tribution, "Valse Marilyn" was Thore present, in addition to the one of the hits of the evening) Chairman, were Mr. J. P. War and Professor F Gonzales. A ren, Mr. E. M. Raymond, Mr. T. E. song and dance were given by Field, which Pearce and M. AB. Stewart Miss Nellie (directors); Mr. S. J. Jordain was much applauded. The Hilo a Brown Harmony Boys appeared in (manager), Mr. A. W.. secretary), and Messrs. C. B. number of Hawaiian melodies. Brown, D. M. Goodall, H W. Randall, F. W. Stapleton, H.B.L. Dowbiggin, D.K. Kharas and Chan Nai-pan (shareholders).
LOST! BLEW UP
INTH STRETCH!
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Mr. L. R. Ildefonso gave an in- The playing of the Philippine National Anthem concluded the teresting discourse, in which he The accompanists were Pro-concert. Thereafter, the gather-detailed the chief events connect- fessor F. Gonzales, Mr. A. Aquino ing gave themselves over to the led with the life and death of the and Mr. S. F. Angeles. ....
enjoyment of dancing on the lawn. Filipino martyr.
And Anything Elsei
EVERY SKATE I PLAY. YOU'LL GET":İNE HAVEN'T, HUH? LATELY LOSES! THAT ·WISE SOME|| WELL C'HERE AN' TOUT "TOLD MET
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