FARMERS ORDERED TO MOVE
OCCUPYING LAND WITHOUT PERMITS
A group of farmers staying on a plot of land in Boundary Street which Government in- tends to convert into a recrea- tion ground, were ordered to move out by the end of the month by Mr Blair-Kerr at Kowloon this morning.
Twenty-three summonsCA for occupying Crown Land without E permit which had been cancelled were heard by the Magistrale.
Mr S. A. Fowler said ample notice had been given the farmers who had known since Inst September that the permits would not be renewed. Their petition to the PWD had been refused as Government wanted to turf the land in May.
AL Mr Fowler's request, the Magistrate fined four of the men the equivalent of the fees they owed and cautioned the rest. Be told them that if they did not clear their huts and other possessions, by the end of the month, Government, would clear them.
S.A. Rumjahn Strains Leg
Owing to a leg muscle injury sustained while play- ing in the singles yester- day, S. A. Rumjahn will be unable to partner H. D. Rumjahn in the Орсп doubles quarter-final on the Stand Court this afternoon against the Tsui brothers.
Instead. Kenneth and Thomas Lo will meet Choy Ping-fan and Lee Yuc-wing in a quarter-final match.
KIDNAPPING:
2 ARRESTED
THE HONGKONG TELEGRAPH,
PAULA BY DENNIS WHEATLEY
CONGRATULATIONS,
CHERRY- THAT WAS A NICE BIT OF
ACTING.
WHAT THE
THURSDAY, APRIL 15, 1948. Rita Vane's stand-in, Cherry, takes the "poisoned cake and collapses, as called for in the Alm script
WHAT'S WROKG-
WITH THE GIRL-TRYING TO PRETEND SHE'S AN ACTRESS?
Oooo! SHE'S DEAD!
Government Refuses To Renew Dairy Farm's Pokfulam Leases
Search For Alternative Sites
In The New Territories
That Government has definitely stated that the Dairy Farm Lots at Pok- fulam will not be renewed after expiry at the end of 1956, was reported by the Chairman, Mr N. O. C. Marsh, at the Annual General Meeting of the Dairy Farm, Ice and Cold Storage Co., Ltd., held in the Company's Office, Windsor House, this morning. He added that the selection of an alternative site had led the Manager and Farm technicians all over the New Territories. Following an exhaustive survey the views of Government in regard to two possible sites had been sought, but so far no replics had been received.
The Chairman also reported that the year's trading constituted a record in the history of the Company. During the year there had been a widening and expanding of the Company's activities in the Colony, and several branches and establishments were re- habilitated and re-opened. In addition, arrangements had practically been completed, whereby the ground floor of the new Telephone Company building in Kowloon would be rented to the Company, and this would provide greatly improved shopping facilities to Kowloon residents.
With regard to the expenditure on Stock, the Chairman Bald that it would be much greater this year. They would be Innding in the next day or two 107 head of pedigreed cows and bulk from Canada and these alone would cost close on $300,000. In addition, a further 30 head were 121 shipment from
'
balance on War Losses Account until such time ns there la some pronouncement regarding Repara. tion Claims.
I think I have dealt fairly com- prehensively with the Accounts but before closing my remarks I should like to refer briefly to one or tivo matters which I think will be of in- terest to Shareholders.
RECORD TRADING
I mentioned at the outset that this year's trading constituted a record In the history of the Company. I will not burden you with details na I am sure you have already seen evidence of the widening and ex-
panding of the. Company's activities in the Colony. I might me
mention, however, that during the year under review the following branches and establishments were rehabilitated and re-opened-Penk Brunch, Kow- loon Branch at 64 Nathan Road, Tin Kau Road House, Gloucester Lounge, Kai Tak Buffet, Soda Four- tain Restaurants at Salisbury Road and Polefulum, Kiosks (2) at Re- pulse Bay.
You may have noted from a re cent Press report in connection with the new Telephone Company Build- After making those charges to at Pakfulum. Having regard to the ing in Kowloon that arrangements which I have just referred the fact the lenses on lands designated were in hand whereby the ground amount available in the Proft and as Dairy Farm Lots 1, 2, 3 and 4 four of that building will be rented Loss Appropriation Account
arc due lo expire al the end of to a firm of caterers. The firm re- $2.135,000 which includes the sum of 1950 it was considered desirable to ferred to is this Company and I am $126,744 brought forward from last ascertain Government's Intentions plensed to report that the arrange- year's account. Your Directors re- In the matter of renewing these ments mentioned are commend that that amount be dealt Lensca
practically Government has definitely completed I think you will agree with as follows:
stated that the Lesses will not be that this is a sound move since it Pay`n Dividend of $2.50 per share renewed. The selection of an al-will provide greatly improved shop- free of tax on 203,335 shares, native site has led your Manager ping facilities to Kowloon residents. The Accounts are presented in the $733,337; Pay a Bonus of $1.50 per New Territories and following an Shek-O where an area of land has
and Farm fechnicians all over the
latest development is nt form instituted last year with the share free of lax en 203,335 shares, exhaustive addition that comparative Ogures $440,003; Make provision for Tax Government in regard to two pos-sectional wooden hut 70' x 20' has survey the views of been rented and on which a for the previous year are now shown Lion and Confinitencies $550,000; in the Protit and Loss and Appro- Transfer to Chinese Staff Super-sible sites have been sought-but so He was kept captive in a pll-priation Accounts as well as in the annuation Account, $30,000; Transfer for no reply has been received. box, but managed to escape.
Balance Sheet feature which lo Reserve for War Losses, $75; However, Fe WVIES robbed of believe will be appreciated by Transfer to General Reserve, $500,- $4,000, a watch and a gold ring. chareholders.
000; Carry Forward to the next account $101,503.
Police last night arrested two men in connection with the kid- napping of a 40 year old resident of Sun village, Shalaukok April 16.
The man, who was abducted from his home by three armed men was held to ransom for $10,000.
WAS
They broke into the houses about 10 o'clock Inst night and dk not leave until 2.30 this morning!
Hut Used As Food Factory
Australla by the ss Nankin.
The Chairman said:
At our last Annual Meeting a record turnover was reported. The igure I am pleased to say was ex- eceded in 1947.
huk Land
and Furnishings.
STOCK EXPENDITURE
There are two items of the fore-
the
TWO OTHER LEASES
I think you should know that in addition to Dalry Farm Lots 1 and 4 the Company has two further lots on lensent Pokfulum, these are
331 of
1
In
Our
been erected. This will provide an amenity hitherto lacking at Shek-O and help to popularise the beaches there to an even greater extent.
ask.
to
With these remarks I now for maily propose that the Report and Accounts as presented be adopted and when this has been seconded 1 shall endeavour to answer to the best of my ability any questions which Shareholders may wish
SECONDER'S SPEECH Rising to second the motion. Mr D. L. Strellett, said:
I rise with a sense of privilege as well as responsibility to second the proposal of the Chairman for the adoption of the Report and Ac- counts.
SHOWING
TO-DAY KINGS
"Let's get
things straight
about you and me
and
him..."
GOLOMON PICTURES picienta
GLENN FORD
Framed
JANIS CARTER - BARRY SULLIVAN
EDGAR BUCHANIAN
KAREN MORLEY. AM BANNON
At 2,30, 5.15,
7.20 & 9,30.p.m.
Kasenplay by Bum Stadten Bases T. WICHARD WALLACE Praca by JULES SCHERMER ·
ALSO LATEST 20TH CENTURY-FOX MOVIETONE NEWS First pictures of Berlin tension. U.S. and Britain take action
to counteract Soviet Move. Italian pro-efection campaign. Democracy of Dictatorship. Exclusivo pictures of tornado havoc in Oklahoma. Latest Fashions for stendorizing waist line, etc., etc.
DEE THEATRE
ADVANCE BOOKING OFFICE ST. FRANCIS HOTEL BOOKING HOURS: 11.00 A.M. TO 5.30 P.M. DAILY SHOWING TO-DAY AT 2.30, 5.10, 7.15 & 9.15 P.M.
PUT A BIG-TIME GIRL IN A SMALL TOWN and there's bound
VICTOR MAAGLE
In another grant performance and another great zala
comprehensive survey which he has
wish first of all to thank him"THE personally for the very lucid and
theaccordance
Kiven us of the Company's activi- with the resolution ties for the year ending December passed at the Extraordinary General 31, 1847. November 21 last. Meeting of the Company held on
ARMED ROBBERY Another armed robbery corried out last night.
Nine nen, armed with three re-
Going recommendations to which Farm Lot No. 71 of 0.05 acres and volvers, broke in three houses in
special reference is necessary. These R.B.L. No. are for Taxation and Contingencies. In the first case the Lease
12.338 acres. Sheung Tong village. Tsunwan, and robbed
Despite the increase in the inmates of clothing, the
expires turnover and for transfer to General Reserve, money and Jewellery to
profit On
With regard to Taxation and Con- In 1982 and in the second in 2008. Working Account the total shows a decrease of
That is as much as value of $1,000.
tingencies I would say that the sum approximately
am able to $300,000
Lell which is due to lower of $850,000 uppropriated inst year you at present in regard to the operating margins in all branches was for the purpose of taking matter of Farm Lot Leases. With of the Company's business.
cure of Corporation Profita Tax, the position such as It is I trust the One cannot of course widen or Property, Tax and the possibility transfer of $500,000 to General
lof expand without Capital
our being called upon to outlay,
pay
Reserve has your full approval, whitch, this year, has been heavy. Account at December 25, 1941. Soments..
Interest on our overdrawn Bank against future development require amounting-to-$1,246,080-on-Least far the sum appropriated has been Machinery, Harbour Craff, Vehiclesduced by $0.305 only--and this was you will observe that the figure for
and Buildings, Plunt,
Turing again to the Balance Sheet respect of Property Tax pay- Authorised Capital is entered ments. We expect, however, (final details of the 1047/48 Assess- For keeping a food factory in a
ment for Corporation Profits Tax hut on Third Street, without It will be noted that Cattle Ac-which is based on our profits for licence,
is In regard to the accounts, It Lim Kun, 28, was sen- I count hig tenced to
to be been increased to the the previous year
agreed
significant of the desire of the Com- three months by Mr extent of $104,220 representing the shortly with the Inland Revenue d'Alinada at Central this morning.
The response to the offer of new pany to meet publle demands and Inspector Brownrigg stated that of young stock, less animals with-
cost of 01 imports, plus the rearing Department.
shares in the Company authorised act in o spirit of publle service that As you know draft legislation has
at that meeting has been very the working profit is in fact lower from the herd by sale or been published
satisfactory.. Share Certifleates in year, in spite of an increase in regarding payment I
respect of that issue are now being turnover, as a result of a policy of on Stock will bo
and
actual prepared at December 25, 1941.' The
Allotment Letters reducing
profit margins very much greater this year.
Wel sum of $650,000 appropriated last will be sent Sentencing defendant, his Worship will be loading in the next day
to Interested Share-wherever possible. remains virtually intact but holders as soon as possible. I would increased considerably and the pro- capital, as we know, has been sald that the health authorities here two 107 head of pedigreed cows and must be so retained until we know take this opportunity
trying to keep the health bulls from Canada and these alone exactly how much we shall have to those Shareholders who have
gramme of expansion for which this figures down and it was people like will cost us close on $300,000. In pay in respect of the charges for yet done so that they should probe described as impressive.
capital has been secured can only defendunt who were doing these addition a further 30 head are in which that sum was things to spread disease.
appropriated.duce their Certificates to the Com- shipment from Australia by the During
The Board appears to have been the year the balance at pany for verification. Dividend $3 Nankin.
blocked
end in no dificulty in providing for the account appearing in our Warrants will be issued The commitment of $925,000 in last Balance Sheet and representing after their Certificates have been replenishment of pedigree stock as to them bullding schemes, the increase and respect of building contracts and the amount of the Company's bank verified. The number of Certificates well for the purchase of plant does not overtiraft at December 25, 1941, was not yet produced is represented by by any
means cover estimated repaid.
the small figure of 1.8 percent of capital expenditure for
defendant had been warned twice drawn against operating the shop without death.
a licence, but did not heed the warn- the expend "ght here mention that of interest on overdrawn Bank Ac-
ing
were
CAUGHT WITH
OPIUM
the year
the
count
the total shares issued.
to remind not
boards of a store, the key to which the Company was increased. The lava surplus avallable for a mat-gure of actual losses throughout
was in charge of defendant.
Defendant pleading for leniency said he had since lost his job.
ROAD SENSE .
.(12)
Бон
members
Sund ***
increases
over the
this
$
well as the important project of cold extension, all of which re- storage ex present some of the earlier plans envisaged the
by
appropriatlons
to be a scandal!
NERO FILMS presents
RAFT WHISTLE STOP
AVA GARDNER
MELAGLEN TOM CONWA
Raimesed New UNEŠTO ARTISTI
ALSO LATEST CAUMONT BRITISH NEWS
GRAND NATIONAL
RACE
ORIENTAL
COMMENCING TO-DAY: 2.30-5.15-7.20-9.20 P.M.
abroad.
ON TO FORBIDDEN LOVE AND DEATHLESS GLORY!
His steel struck
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ECHNICOLOR!
COLUMBIA PICTURES
LARRY PARKS
Swordsman
ELLEN DREW ZE
*GEORGE MADREADY EDGAR BUDHAMAN
RAY COLLINS. MARC PLATI
They
Gave
their
Lives.
We, too, may give
through the HONGKONG AWAR MEMORIAL FUND
A fine of $2.200 or three months 1948; it morely represents the extent was imposed by Mr d'Almada nt to which we were committed under
ESTIMATED LIABILITY
In the Cattle Wastage Account course of its Central this morning on Li Loong,
rehabilitating in the there
is a favourable balance of 50, crew member of the ss Tjitja doos not,
at December 31, 1947, and contract
Turning now to the fresh appro- $77,473 and this is the amount by be well secured by
The Company further appears to may say, include the printion of $550,000 made in the which the charge to Working Ac-for Profit Tax and contingencies and lengka which arrived. in Hongkong
main yesterday, for possession of 22 taels cold storage extension at East Point tended to cover our estimated llabi-
capital project, namely
Accounts under review, this is in-
count, calculated at the percen- we note that ample margins have of raw oplum and an oplum pipe.
Ro Redman said the drug and the
referred
from the Chair at the lity for Corporation Profits Tax on ages which have been in operation been left where liabilities still awalt pipe were concealed under the floor November last when the capital of
Extraordinary General Meeting in our
since 1934 and credited to the to pronto for the year 1947 and Wastage
be established by assessment it is not too carly for both financin! Account, exceeds the for legislation.
and technical questions to be ex- There ore under consideration the year.
two special matters plored. which was work
Jaffecting Anance on rehabilitating the
by
We welcome the extension of the the Directors at the outbreak of
which I feel Com-
and rotall pany's plant and buildings still goca the Pacific
catering CURRENT ASSETS
sure the shareholders desire to ex-Company's Wat. I refer to the on and the cost thereof is being question of placing the Staff Pro-
their endorsement of the business, and, in regard to the In Current Assols the items of Press
it former, bora
bo that, out of
vident current profits.
may well the Chinese Staff Stock and Sundry Debtors policy of the Board. Your
within measurable distance of time, Directora have granted a
Fund on a
TRIBUTE TO STAFF
the faciliiles afforded more considerable
this by equivalent
to one month's satisfactory basis and of formulating corresponding figures for the pre- The first of these is the proposal salary and
the standards of form amounting in total to some
Superannuation vious year. As regards the first of to reserve any surplus of the ap- Company and $32,000 to those
of the Scheme for the benefit of the lacnt those, the lifting of Import restric-propriation for estimated Compact will become ubiquitous throughout catering which it has established Staff who did not receive a China non-Chinese Staff. Your Direc-long on certain commodities has on Tax towards the establishment Now Year Bonus, and in view of the tors are strongly of the opinion
made it necessary for the Company of the staff Provident Fund and the the Colony and, possibly, further very satisfactory, results of the that the present the right
to entry additional stocks on its own Chinese Superannuation Fund on a time to do
In this and
account.
level which will give the Company's
congratulating the Board, feel sure you will agree that a step
The figure for Sundry Debtors is staff that sense of security which I Management and Staff for the past In the Profit and Loss Account of this nature is desirable.
normal one by current monthly am sure we all feel they have am- It is 4
year's work, I beg to second the the amount written oft for Depreci- hoped
adoption of the Report and Accounts. that the surplus of the ap- standards and reflects the increase ply carned. ation I.e, $254,478 exceeds by some propriation remaining after provid- in the Company's business.
I have the impression that no
This was carried unanimously. $87,000 the corresponding figure in ing fully for taxation. will take You will observe that since the organisation in thia Colony can
OTHER BUSINESS 1940. This is due to the Increase care of any charge the Company closing of the Company's books the claim to receive a higher standard It was proposed by Mr N. V. A. in Capital Expenditure.
may be called upon to meet in this balance of our claims in respect of of service, enthusiasm and loyalty Croucher, zeconded by Mr S. Hamp Your Directors have also con- connection when all necessary decl-stocks requisitioned in 1041 has from its staff than this Company.den Ross, and carried unanimously, sidered it prudent to write-off slons as to type and operation of the been paid..
We expect in due course to hear that 'Dr the Hon. S. N. Chau and amounts expended on Goodwill and Staff Funds referred to have even- During the year the amount due what schemes have been evolved for Mr R. Gordon be re-elected, Direc- improvements. to those leased proper-ually been reached. Theldentally, from Government and H.M. Ser-their benent.
tors. ties taken over during the year. I the Company's Chinese employees vicen was crys to tre Losses, this vision is wisely being made at an L. Way, seconded by Mr C. L(Directors), 3. D. Thomson (Mana-
ni The second item for which pro- It was proposed by Major C. W. refer to the Gloucester Lounge, the now number over 1,000.
further charge to War Kiosk ut Repulse Bay and the Shop The second item, namely General was offset by amounts received from early date, is to meet the altuation Gregory, and carried unanimously, ger), and G. Milne (Secretary), and premises at 64 Nathan Road the Reserve, to which it is proposed to customers resulting in a further net which will arise through the por- that Messrs Percy Smith & Co be the following shareholders: Miss M. acquisition of which was recorded at transfer $500,000, is linked with a debit 10 War Losses Account of $75 sibility of the Company being dis- re-elected Auditors for the ensuing I. de Figueiredo, Major C. W. L WAY, the last Annual Meeting. While matter which has engaged the and bringing the balance of the ne- possessed of its almost traditional year at a renfuneration of $10,000, Messrs P. Loureiro, D. L. Strelieft, these larges might be written-off carncot attention of your Board and count to $2,476,901. The
corres sites
on the southern slopes of the Present at the meeting were: Mr S. Hampden Ross, N. V. A. Croucher, during, the period of the respective Management since re-occupation of ponding provision has been increased Island. Although it may still be N..O. C. Marsh (Chairman), Dr. the S. M. Churn, Mr. Lai, E. S. Abra leoggs your Directors consider it the Colony. The matter is one accordingly. Your Directors feel several years before a now altua Hon. S. N. Chau, Messrs R. Gordon, ham, C. L. Gregory, M. Nemuzee, A. i odvisible to do so now.
affecting the Company's leased lands justified fu carrying forward the tion will have, to be provided for P. S. Cassidy, R. K. Valentine Tee, and C. 1. Stapleton,
Whatever his intentions may br. the driver of this car is wrongly placed. He la monopolising the roadway.
Za
year's trading am sure you will
approve of this action.
Bend your donation to
the Hon. Treasurars Lowe, Bingham & Matthews Mercantile Bank Bldg.
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