•KINGS
DAYS
At 2.30, 5.10, 7.15, & 9.30 p.m. "I kissed him...the Arst time. we met. Maybe it was the moonlight. But I never said Till death do us part." That was his idea.
Joan, never .so gorgeous, as the hard- to-get charmer. who meets her match. Her Greatest Romance!
Joan Crawford
LIVE MY LIFE with BRIAN AHERNE
RHA
FRANK MORGAN • ALINE MacMAHON
AW. S. Von Dyke Production • A Matro-Goldwyn-Mayer Picture
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DHARLEY
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GARY COOPER CAROLE LOMBARD
OW AND FOREVER
A Preambunt Pletoin with
SIR GUY STANDING CHARLOTTE GRANVILLE |
THE HONGKONG TELEGRAPH. MONDAY, DECEMBER 23, 1935.
COMPANY MEETING etual weight of silver, to a managed
CHINA LIGHT AND POWER CO,
Japer-currency, render it extremely Tifficult to gauge with any cortainty vents that are likely to take place in He future.
01
nli
received
Geographical and other conditions make it reasonable to believe that, At the seventeenth ordinary yearly.rom a financial and trade point
view, this Colony must of necessity meeting of the Chms Light and 'ower
Lollow us intinitaly larger neighbour. Company Limited, hold at the Head
Persistently, however, Office, St. George's Building, on Satur
these times of
of stress and day, the Chairman (Mr. Lawrence Kadoorie), reported that the gross tentative enquiries have profit for the year amounted to $1, of such a nature as to induce your Board of Directors to decide on the 303,180.24.
purchase of a now turbine of appro- K.W. and A now boiler ximately 12,500 of approximately 100,000 lbs, capraity This now machinery will be of the latest and most approved type for oconomical operation and will bring the total capacity of your Power The Chairman, addressing the meet Station to over 80,000 k.w. ing, said:
In the course of his speech the Chairman referred to the recent heavy drop in exchange, which, would Inevitably result in increased working costa.
י
Gentlemen.-The report and state- iment of accounts for the financial year ended September 30, 1935, have been in your hands for some time, and I will therefore take them
PRICES: Matinees 20c 30c. Evenings 20c-30c-50c.—70c.
Meals at their best ! THE CANADIAN CAFE (Confectionery & Bakery) 16, Queen's Road Central (Taiping Building).
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read,
The Gross Profit for the year Amounted to $1,403,189.24, as against $1,240,027.04 for the previous inan- elal year.
After charging. Profit and Loss Account with Directors', Auditors' and Consultanta" fees, interest, deprecia- tion, etc., the net profit stands at $919,919.07.
The provision for depreciation amounts to $442,800.04 as compared with $355,100.11 for the preceding; year.
After allocating $100,000 to Reserve ro General Managers' tights, we have a sum (inclusive of $101,507.10 brought forward from last year) of 5041,426.26 available for distribution. Your Directors recommend the de- claration of dividend at the rate of 50 cents per share absorbing about $799,260 and that the balance of about $122,176 be carried forward.
High Exchange
The comparatively high rates of exchange prevailing during the post financial year resulted in substantial anvings in expenditure.
ing
The character of your undertaking is such as to render anticipation neccessary, and your Board - has doomed It wise to safeguard the Com- pany's future by the provision of sufficent plant to supply all the cur rent it is asked for immediately it is required.
THE BATTLE OF AKSUM
ITALIAN TROOPS LOSE HEAVILY
out-
Addis Ababa, Dec. 21. A fierce engagement is reported to have occurred thirty miles south-west of Akaum when the forces of Ras Ayaleu attacked the Italian posts.
Casualties are stated to be heavy both sides and the Ethiopians: on bat claim to have captured a number of tanks-Reuter.
A later report from Reuter statos that the that it is officially claimed Ethiopians have captured the posts of Endastlasi and Degashni, wost of Aksum, and also ton tanks.
Italians Retreat
London, Dec. 21. An Exchange Telegraph message from Addis Ababa-states that more than 600 Italians were. killed in a thirty-six hour battle which raged Afty miles to the west of Aksum.
The survivors are retreating~ United Pros.
Modern Workabop' Shareholders will be pleased to know that, aftor negotiations with
Italian Casualties the Government, we have acquired the roadway which formerly separated
Dessin, Dec. 22. our old site (K.M.L.93) from the arod known da reclaimed
Emperor Selassie stated to-day newly
that Ethiopians who were striking K.31.L.100. We have now a continu-
against the Italian positions on the ous area extending from the Green Laland. Cement Co.'s beach adjoining the Hongkongnorthern front were inflicting heavy Thlossen and forcing the Italians to
retreat. Whampoa Dock Co.'s premises. This
the of about has a sca frontage property of a mile and should meet
two nitacks had cost quarter our requirements for many years to Itallans 360 dead, said the Negus, The construction of a modern and the battles which were proceeding come.
store on K.M.L100 would take that total above 600,
Ras Ayaleu has claimed an impor
Sciro workshop and has ready been commenced and this,
the region, capturing outponts when completed, will meet a long fet tant victory in the western
Endasesashi and Edarachek need.
soils
In order to pay for the new plant referred to above, your Board decided that it was wise to make financial provision by the fasue at par. 200,000 new shares. This new issue enables your Company to settle in advance all the necessary finance.
This fortuitous circumstance ma-
contributed towards the As indicated in the recent an- teriany larger profits shown, and your Direc-nouncement in the newspapers, such tors are of opinion that shareholders new shares will be offered to share should receive some benefit from the holders to-day in the propertion of one new share to every eight existing Improvement in proits.
They have.
therefore, recommended shares held by them, respectively. dividend at the rate of fifty conta Only $2.50 will be payable by January per share (which is five cents mare 3, 1030; the balance of $2.50 per share as and when re- than the last dividend) after provid- will be called up
a sum for depreciation of nearly quired. $50,000 more than last year.
The recent heavy drop in exchange will inevitably result in increased It is however, to be working sincerely
hoped that the operation of a managed currency en a lower level will bo followed by some revival in focal trade, particularly in those industries which have in recent years been so hard hit by adverse exchange and other conditions.
costs.
It occurs to me that there are cer- tain little known facts with regard to the operation of your Company that would be of interest to
holders.
The total number of your Com- ny's employees is 700; 270 of whom pany's compriso the European staff and Chinese clerical staff, the balance of 430 being made up charge hands, workmen, coolies, etc. This figure does not take into account of large force of casual labourers engaged from day to day, especially when ex- cavation work for the laying of cables is going on.....
Total Area Served
The satisfactory results which wo are able to put before you to-day are In no amall measure due to the co- operation of the Company's staff, and I take this opportunity of placing on record our appreciation of their ser- vices.
I now not the following Resolution to the Meeting:
The
and
a large quantity of war "There is frequent skirmishing to the north and west of Makale indicat- ing that the Ethiopians have launched a definite offensive on the entire northern line, resorting to surprise attacks and guerilla tactics-United Press,
Cavalry Advance
Aamara, Dec. 21. Italian airmen have discovered a detachment of Ethiopian west of Akum. strong cavalry ten miles They are the first cavalry unit to penetrato north of the Takkazzo River United Press.
Encampment Bombed
Asmara, Dec. 21.
to-day by incendiary bombs when
Italian
large
between
A number of tents were set on fire.
planes ralded Ethiopian encampment Quoram and Lake Ashangi.
It is stated that a body of 9,000 and Ethiopians took to their heels were bombed repeatedly. The num to be of casualties in stated ber considerable.-Neuter,
"That the report and accounts as presented be adopted and passed, that a dividend of Fifty cents per share on the shares allotted prior to Octo-
Hand to Hand Struggle ber 3, 1934, and proportionately on
Desale, Dec. 21. the shares allotted on and after that date be declared in respect of the
The battle west of Aksum con- ot financial year ended September 30, 1985, and that the undivided profits tinues to be grimly contested. The (after the transfer of One hundred latest reports state that a hand to thousand Dollars to Reserve ro Gen-hand struggle has been going on for eral Managers' Rights) be carried two hours. Italian aeroplanos hover- ed overhead unable to intervene forward".
nwing to the proximity of their forcos.
The resolution was seconded by Mr, Frank-Austin-and-carried unan!
mously.
On the proposal of Mr. G. H. Potts, The total salaries and wages paid seconded by Mr. E. H. Summers, Mr. amount to a round figure of approA. H. Compton and Mr. C. A. da ximately $55,000 per month.
Roza, were re-elected to the Board of The total area served by this Com- Directors.
roughly 154 square miles, ex- pany is
On clusive
districta in the New of
certain
the proposal of. Mr. A.. J. Walters seconded by Mr. II. J. M. de Territories to which our lines have
Figueiredo, Messrs Lowe, Bingham not yet penetrated.
The total population served as and Matthews, and Morr
by the 1931 Census is v
is well over and Davis; were re-elected Auditori 500,000 of whom approximately 203, for the present financial year at a
remuneration of $1,800 each. 000 are in Kowloon Proper.
of The total number consumers nt
The Chairman: That fel all the the end of September last was.
business, Gentlemen. I thank you It is worthy of note w
that thro
for your attendance. Dividend war- there are no less 80 different ranta are now ready and can be ob kinds of industries
Office of the Company. I take this any. These industries rango Company.
to the manufac opportunity of wishing you the com-
It is claimed that 10 tanks have been captured, and also 18-machine- guns and two motor-lorries.
The attack is, apparently in pur- suance of a plan to turn the Italian right flank to the west of Aksum, was delivered on the higher and ground of Dembeguina, to which the!
the earlier In week-Renior. Italians withdrew
on
Earlier Fighting
London, Dec. 21. It is now revealed that the fighting
occurred mentioned earlier December 16 and this fact, together with the non-mention of the engage ment in a communique Issued in Rome, leads to the conclusion that
mentioned Wednesday
Kowloon and the by this tained on application to the Heart is n belated - account of
from ship-bull and from coment pliments of the season.
ture of works to cigar factories.
Rucee R
-Ethionian Tuesday and Router.
the
оп
last.
Italian Aerial Attack Those present were:-Mr. Lawrence Your Board is continually trying to Kadoori (Chairman) Hon. Mr. JP
Dolo, Dec, 21. Elly promote and foster the use of alec-
The Italians, have launched, heavy Hon, Mr. M. K. Lo, Sir tricity and, with this object In view, Kadoorie, Messrs. A. H. Compton. Caerial bombardments on the southern Desta's troops has introduced special rates A. da Roza
for thermal-storago cookers and water- heaters.
It is hoped that. auch apparatus may before very lang be avalhole for
hire.
Recently, also, pernulssion has been obtained from Government enabling a supply of current to be given to bathing sheds, but under certain special rules and regulations which have
to be complied with Advantage was taken of the King's Silver Jubilee celebrations to erect and maintain in certain districts in the New Territories, for one week, illuminations that were very affective and much appreciated by the elders and populace.
A considerable amount of work has been and is being done in the New Territories.
And
(Directors), Noel
Mr. (Manager), Mr. Braga
The United Press correspondent tare) and the following shareholders: to a general advance in this region. -Моячка. F. Schreiber, G. H. Potts,
with the Italian army states that ho A. J. Walters, H. 3. M. de Figueiredo Chus Sing-chu. La Chung-wan. F. M. witnessed one of the bombings from N. da Silva, Ling Man-3, AS Gubby, high hill. "Planes swooned." he says, bomb on the Ethioplan Frank Austin, Kwok Hin-wang, droppine
and of smoke rosa fires broke out on all hands. Many. Leung You-cheung, P. N. da Silva, camp. Pillars G. A. Harriman and E. II. Summers.
Ethiopians were killed and their livestock, on which they are dependent:
United Prosz. for food, have been destroyed.
"W. Marte. which are concentrating preparatory
China and the sudden shifting of the Chineno monetary avstem, which for many centuries had been based on present at the Grand Council meeting.
-Nautor.
Negus' Peace Plan
to the
I
Petrol Consumption
Alexandria, Dec. 21. -An Italian lorry driver who has arrived here states that the consump tion of petrol In Eritrea alono amounts to 1,200.000 gallons daily, but up to the present there has been
no shortago.
Further supplies of polson pas, he| so far not been. used-Reuter. stated, had also been landed at Massawn but had
Paris, Dec. 21. Josef Taracis, of New York. Em New Building
peror Solausle's public relations "Strafford House", the residence of counsel, made, nublle to-lany a peace your District Engineer, has been plan which the Emperor drafted three completed and, during, the past finan- months aen bat had withheld in de clal year, your Company, erected two ference to the efforts of the Power buildings on its reclamation at-Talpo towards finding a solution
Blek and Wounded Market; one of them housing a cash dispute.
Paris. Dec. 21. collection office, stores and quarters
The plan provided that Ethiopia for your Company's Chinese eat-
The Suez Canal Company reports ent pads to Italy Tigre province between ployees, and the other a Government Adow and Adleras, excinding Akaum, indicate that 20.000 sick and wounded Branch Post Office
A high tension lin In In course of and a large section of Ogaden in ex- Italians have passed through the erection which will serve, in addition han for either, Asash all canal on their way back to Italy since The Emperor also accepted Leathe outbreak of hostilities-United to the Lok Ma Chau Police Station, vision of foreign develoment. Press, the villages of San Tin, Mal Po without granting to Italy any prepon-
and
Pok Ngau Tam Mi, Chok Yuen Wa This line will slan serve aN QIL interconnector between the step down sub-stations of Au-Tau and Kwangti, thereby ensuring an alternative source of supply to consumers in the districts of Rheung Shul, Fanling,
derant influence-United, Preis.
Prayer for Victory
Addis Ababa. Dec. 21. A proclamation has been fasuet here rallying the nation to a work of fasting and prayer as evidenes of San Tin cuation in North support of the troops United Press.
The political
Count Clano In Home
Rome, Dec. 21. Count Clodio Minister of Pro- paganda, is at present on leave In Italy. from East Africa,
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FIRST CHURCH OF CHRIST. SCIENTIST, HongkonG
ANNOUNCES A
FREE LECTURE
ON
CHRISTIAN SCIENCE
ENTITLED:
"CHRISTIAN SCIENCE: THE SCIENCE OF HARMONIOUS BEING" BY
DR. HENDRICK ), de LANGE, C.S.B..
OF NEW YORK CITY,
Member of the Board of Lectureship of The Mother Church, The Firat Church of Christ, Sciential, in Boston, Massachute.
IN THE WA
ROSE ROOM, PENINSULA HOTEL --- On MONDAY, December 23rd, 1935, at 9.15 p.mt. "A CORDIAL INVITATION IS EXTENDED TO ALL.
Printed and Published for the Proprietors by FREDERICK Hia return was made possible by Royal decrea so that he could be FRANKLIN, at 1 and 8, Wyndham Street in the City
Continued on Previous Column.) Hongkong. *****