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ferry.
- 3-
The service is exceptionally well run and it is
of interest to note that the Company's report for 1928 shows a dividend and bonus representing a return on the
nominal value of the shares of 35%. The Report of the
Company for 1928 shows that with a nominal capital of
$1,000,000 of which $800,000 has been issued ($400,000 of
this sum being a bonus issue to original shareholders, the
original subscription being only $400,000) it holds
investments of $615,000 in addition to substantial sums in
the reserve and general contingency accounts. The
property of the Company has consistently been very fully
written down. The 1929 Report just issued shows a growing
prosperity and a dividend of 40% in place of the 35% for 1928.
6. The Star Ferry Company is concerned through its
allied Company, the harf and Godown Company, in the running
of a motor car service across the Harbour which consists of
a lighter with a crane and cradles. Motor cars are hoisted
on board singly from the Praya wall, the lighter is towed
across and the cars are then hoisted out again singly on the
Praya wall on the other side. Four to six motor cars can
be carried at a time and the service while fairly reliable
is not capable of serious expansion in its present primitive
form. A charge of $2 per trip per car is made and as a rule
notice is required before transportation can be effected,
while at times of pressure (as at week-ends) long waits are
often necessitated. In 1929 the system carried :-
5,979 Motor cars.
351 Trucks.
261 Motor Cycles and Combinations.
316 Ponies.
7. The Star Ferry Company is interested in the
Vehicles