1925-03-30 — Page 4

DOUWELL & COMPANY LTD.

NEW YORK BHEIH

FOR NEW YORK AND BOSTON VIA BURZ

18.8. * BOWIS CASTLY“..

+

18 8. "DACRE UASTLE" {m

Balio 3rd April Batte 10th May

LLOYD TRIESTINO

REGULAR MONTHLY PASSENGER AND FREIGHT SERVICE FOR BRINDISI, VENICE AND TRIESTE (FIUME). TAKING CARGO ON THROUGH BILLS OF LADING TO GENOA, ALL ITALIAN, ADRIATIC, LEVANT, BLACK SEA AND DANUBE PORTS.

REDUCED PASSAGE RATES TO BRINDISI, VENICE OR TRIESTE,

£66.

NEXT SAILINGS.

OUTWARD FOR SHANGHAI, YOKOHAMA, KOBE & MOJI.

8,8. DUOBESSA D'AOSTA.", ....

68. BILVIO PELLIÇO (cargo only) -

...Balls about 19th April"

Salls about 18th April..

HOMEWARD FOR BRINDISI, VENICE AND TRIESTE.

8.8, "PERSIA"

8.8. "DUCHESSA D'AOST " ..

......Sað: about 2nd April .....dalin about 3rd May,

NATAL LINE OF STEAMERS

8.8.

B.s

FROM CALCUTTA & COLOMBO TO SOUTH AFRICAN PORTS.

UMONA"

* UMZUMBI"

Bails about 18th April Salis about 31st May

„Regular Aʼkanonger and Cargo Bervine to South African foru.

Through Bill of Lading lasted from Hongkong

For Freight or Passage on any of the above Lines apply to:- Telephone Central 1030. DODWELL & CO., LTD., Agente.

S K.

·SAILINGS FROM HONGKONG SUBJECT TO ALTERATION. LONDON, HAMBURG, ROTTERDAM E ANTWERR-Via Singapore `Onjamahe, dass enỤ Hoạt Huid.

ALAHKA MAKÜMME – INT.mm............... Thursday, 9th Apr. AMUR MARU... contr ...... Wermonday, 6th May * BIO DE JANEIRO, SANTOS BUENOS AIRES--Via Baigon, Blagapura, Colombe, Durban Capetown.

HAWAII MARU...mme prématem Baturday, 11th Apṛ. MEXICO MARD. MORMON Wed 16sday, 20th May BORNEO MARU (Calls at Penang) ............Saturday, 4th Apr. SUMATRA MARU més “aloniny,

20th Apr.

+

·20M FAY-PI Blogapore and Colembo

· BANGKOK-Vin Falgos.

KISHU MARU Bangkok direct}............Saturday, BUSHO MARUsnese -JALOUTTA—V14 Singapore and Bangoon

SEATTLE MARU

Friday, .....Sunday,

4th Apr.

let May.

26th Apr FLOTORIA, SEATTLE TACOMA & MANGOUVIM-Via Sḥrozbal art Japan Portu

ARHICA M RU (From Shanghai)............. -Sunday, 12th April (ARW YORK-Yin Zapko pɔrta, San Francisɔ and Pakaza.

SHUNKO MARO ("rom Shanght()......Boglacing of Apr, TACOMA MARU pirovim como la Wednesday 8th April BAKA MANU ningar sami.......Friday. 17th April ANDES MARStory, 18th April „KEILUNG VÍA SWATOW & AMOT.

KANO. MARU

commSunday, 5th April, at 2 pm. HOZAN MARU,

"JAPAN PORTH

Banday, 11th April. tsp. TAKAT MARO...Tharadky, 9th Apr. at 10a.m.

premua memnuni Toonday, 1st Apr.

BAKAT 10A KEBLUNG.

..................„Monday, 13th Apr.

BATAVIA MARIT DAIREN via CHEPOD Bad TAINOTAU.

BANKINU MARU For farther partisalars please apply to t

fe. Central ɔ, 4038, 4099, 490);

ÓBAKA SHOBUN KAISHA. M TAKEJUHL Mansgor.

SHIP. YOUR FREIGHT TO

SOUTH AMERICA

via

S.S. "LING NAM"

Calling at:-

Tarakan, Rabaul, Sydney, (Australia), Wellington (New Zealand), Tabiti, Balbon Panama, Callao (Peru) and Iquique (Chile). MAGNIFICENT PASSENGER AUCOMMODATION.

For Freight and Passenger rates apply to :---- THE CHUNGWHA. NAVIGATION 00., LTD.

Tel. U. 1667

Bank of China 'Building.

TUNG ON STEAMSHIP CO.

OPERATING THE NEW AND

UP-TO-DATE STEAMSHIPS

"TUNG ON" & "SAI ON"

PLYING BETWEEN HONGKONG AND CANTON.

Leaving every day from Leung Wing Wharf at 10 p.m. for CANTON.

Tel. C. 4193:

#

DOCKYARD

THE CHINA MAIL.

ENTERPRISE

(Continued from page 2.)

Our assets stand in our books at about $14,000,000, which Is a very low estimate of their ectual value.

•portion=t

TOUR.

OFFICIAL: GREETING AT

HAIPHONGAN

After a sightseeing" tour of the town, Sir Edward took train to Hanol where he was met by the Governor General, M. Merlin, with whom be lunched at the Palace.

TOPSY TURVY." TONIGHT'S STAR THEATRE SHOW.

Lam sure that all shareholders who have the best interests of the Company at heart will agree with the Directors that continued A deputation of French officials development should be the guid- met H. E. Sir Edward Stubbs upon ing principle for our Company if his arrival at Haiphong on March 22 Capital Increase.

we are to maintain the fine reAmongst these were the Re- Your Directors have, therefore, putation which we have enjoyed sident Superior of Tonguin; M. after due deliberation, come to in the Far East these many years. Damines (Chief of the Governor the conclusion that it is desirable. It is gratifying to learn that the General's Cabinet); M Paquin (the in the best interests of the Com-large sums of money sunk in Mayor of Haiphong), and the pany and the shareholders, to pay capital expenditure will soon bear Captain Bernard.

Governor General's A. D. C., off the debentures, which are in fruit. When the new Iron, Brass any case repayable at the end of and Steel Fundry with overhead 1925, and increase the ordinary electric cranes and all the neces- share capital of the Company to a sary equipment to turn out cast figure nearer approaching to the ing3 economically and exped written down value of its assets. tiously is in full commission in Briefly I may tell you that the about three or four months' time; proposal is to increase the when the new Pump House is nominal ordinary share capital of ready as it soon will be; and when the Company to $10,000,000, the electric pumpa are in use, divided into 200,000 shares of $50 which will result in considerable ench. We propose to increase the anvings, the money expended on Issued Capital of the Company to these three important works will $6,000,000 by the issue of 60.000 be productive. new shares of $50 each, at the

It is with considerable pleasure very moderate premium of $10 that the shareholders learn that per share, shareholders having the improvements at Cosmo-: In Strollerland" the Company the first option on this offer in politar Dock are now complete again scored a success and sent the equal proportion to their hold-rendering the place up to date in audience away with recollections ings.

overy way and suitable for under- of a delightful entertainment.... The new capital which we sug taking work of a special nature To-alght the Company will gest calling up is early as possi- for H.M Navy. No less grati appear in a new title, "Topsy

le, but at any rate before tying is the news that all our Turvy

15 There will be A December 31, 1925, will auto-shipbuilding yards during 1924 matiues at 5.15 p.m. tomorrow matically reduce the large item were as they are now fairly well for the benefit of the of interast we are now paying.

andchildren of || Our legal advisers have now the the inexplicable rumour that has their Company, who died in employed, which he set at reet Mr. Jack Bennetts, a member of matter in hand, and at the proper been circulating during the last Hongkong on their first visit in time the necessary general meet-two or three weeks that most of January ings will be called, when we trust our yards were empty.

The farewell perform- to get your approval of the

ance will be given at 9.15 p.m. scheme I have outlined.

to morrow night.

C

Continued development should he the guiding principle for a Company like ours, and before long we will require to consider the commencement of the con- struction of our large new 1,200 feet, dry dock.

Conservative Estimate.

sum

directors

I agree with the remark of the

that the

of $14,000,000 which stands in the Company's books as its assets, le a low estimate of their actual value. The fact that since 1916 $12,000,000 alone has been spent I am sure all shareholders ap on improvements and additions to preciate the necessity of this,

our various properties, not to when I tell you that very fre- speak of the $5,000,000 written quently there are ships in Hong-off for depreciation and nearly kong harbour, whose dimensions $4,000,000 transferred to reserve are such that we are unable to dry-deck them with our present amount so put down is far too proves. conclusively that the

cautious and conservative ап estimate:

facilities, and the number of those large ships is increasing, and will increase in the future.

I have to doubt that a large The problem of financing the number of the shareholders agree construction of this dock is one that will require to be faced, but with the decision of the directors you can rest assured your Directo pay off the debentures at the tors will approach it in the best interests of the shareholders.

I have endeavoured to make the situation as clear as possible to you, and now beg to propose the adoption of the report and accounts, and after this has been seconded, I shall be glad to answer to the best of my ability, any questions that shareholders may desire to ask.

Policy Endorsed.

Crowded houses were again the rule during the week-end at the Star Theatre is occupation by the Madeline Rossiter Company.

widow

BUCKET SECRETS.

"Found in the false bottoms of two buckets on board the Empress of Russia on March 25, a revolver and 150 rounds of ammunition which had no claimant were order ed to be confiscated by Mr. B. W. Hamilton at the Kowloon Police Court this morning. “

Water Police made the application.

Detective Sergeant Kirby of the

Paris, March 29.--According to the "Petit. Parisien" M. Herriot is preparing the reply to the. German proposals concerning security. Contrary to previous information the French Govern- ment is the only one which receiv- end of 1925 and to increase the ed from Berlin a memorandum ordinary share capital of the Com- | drawing up the proposals made rany. The money which is now orally. Belgium and Italy made heing paid as interest on the known to Paris that they think debentures and loans would then the same as France and England, be available for payment as that the proposals shall not be rê dividend on the new share capital. jected a priori but that they The shareholders however, hope require explanation. The French that the directors will so call up, reply is likely to express a desire the new share capital as will make to pursue negotiations and to ask it possible for all the Shareholdere for further informatic 1.—Havas. to take up the new shares and they are confident that their Mr. Chau Siy-ki, in seconding, interests will be protected by the said: Mr. Chairman and Gentle-directors. men, I have pleasure in second- The shareholders also express ing the motion. Although the the. hope that in view of these shareholders cannot altogether hard times and keen competition agree with the directors that the the managers will in future payment of a dividend of $4 for exercise the strictest economy in the year was satisfactory, in view all directions, be the expenditure of the larger amounts distributed large or small, consistent with the in previous years, they realise efficient working of the Company. that the result of the year's work-

In conclusion, speaking as one ing was an unprecedented one. who has always taken a keen refer to the bad debt contracted interest in the development of in 1923 for which $200,000 has to the Colony and in its industries, be set aside. But for this unex- especially in shipping. I hold the pected loss the Company could view that the policy of the Direc- have paid the shareholders tors to keep abreast of times and another $3 per share, making a to prepare for the future is a dividend of $7 instead of $4 sound one, one which I venture to Fortunately this item is of an predict will be justified in the no extraordinary nature and is not distant future. likely to recur for many years to

With these few remarks, gen-

tlemen, I beg to second the adop tion of the report and accounts as presented.

Sir Robert Ho Tung and" Mr. Allan Cameron were re-elected directors on the proposition of Mr. J. Arnold, seconded by Mr. C. B. Brown.

The election as directors of Mr. B. D. F. Leith and Mr. T. G. Weall was confirmed on the proposition of Mr. Croucher seconded by Mr. Raymond.

Messrs Lowe, Bingham and Matthews and Mesers, Percy Smith, Seth and Fleming-were re- elected auditors at a remuneration of $1,000 each firm, upon the pro position of Mr. da Silva seconded by Mr. Guterres.

This concluded the business of the meeting,

1

THE HONGKONG & WHAMPOA DOCK CO., LD.

TELEGRAPHIC ADDRESS "MANIFESTO" HONGKONG.

Codes Used: A1, A.B.C. Fifth Edition Engineering: First and Second Edition;

Western Union and Watkins..

DOCK OWNERS, SHIP BUILDERS, MARINE AND LAND ENGINEERS, BOILER MAKERS,

IRON AND BRASS FOUNDERS, FORGE MASTERS, ELECTRICIANS.

MONI

CANADIAN

STEAMSHIPS

22. PACIFIC

LIMITED

CHANGE IN SAILING

The

EMPRESS OF RUSSIA

Will Sail For

VANCOUVER

at

6.00 a.m., FRIDAY, APRIL 3rd 1925.

AMERICAN FAR EAST LINE

OPERATED BOLS

UNITED STATES SHIPPING BOARD.

BY STRUTHERS & BARRY MANAGING OPERATORS.

REGULAR FAST FREIGHT SERVICE. TO SAN FRANCISCO & LOS ANGELES FROM HONGKONG BY DIRECT ROUTE,

{29 DAYH TO HAN FRANCIKO AND 28 DATE TO LOS ANGELES.)

U.8.3.B. "West Faralon "

TO CEBU, ZAMBOANGA

·V.8.8.B, “Want Sequana,”

THE

**

Due Hongkong 8th Ap Leave Hongkong 10th Apr.

AND SINGAPORE,

Duo Hongkong Bad April, Leave Hongkong 4th April,

·CARGO AMITTED-POR CRANIILFPMENT/AP/VÄN FELMOSIOS-20-WHEELY BALLING4-YOR ATLÄMPIO KRABBARD - FOREL - THROBOH BILIA OF LADING IRRIED TO ULA. AND

CANADIAN OVERLAND POTTA, “M

TO MANILA, CEBU, TAB 100 AND ILOILO. U;8.S.B. "Want Sister".

Duo Hongkong Sind Apr. Leave Hongkong 23rd Apr.

THROUGH HILLS OF LADDER IEDEN TO ALL TORRE 302 KIRVEJ

جمر

FOB FULL INFORMATION APPLY TO:5:

STRUTHERS & BARBY.

1st Floor, Queen's duilding. "A BUHOFIELD,

Bes. Agent.

Phone Chatra! 3008

CL EVERETT, INC.

General Agents, Japan, China, Philippios Talanda, Indo-Chinn, Smite Settlements,

DOUGLAS STEAMSHIP CO., LTD.

HONGKONG & SOUTH CHINA COAST PORT SERVICE.

REGULAR SERVICE of Fast, High Class Coast Stasmere having zood Accommodation for First Class Passengers, Electric Eight and Fang in State- room and Saloons.. Excellent. Culaine.

SWATOW, AMOY & FOOCHOW *AND RETURN, (Dccupying 9 to 10 Days.) Steamship.

Captain, HAICHING - | Jani G W Erwin........ | TUESDAY, 818s Mar. at 1p.in. BAINING ... Capt. A. EL stewart... | FRIDAY Sed apr. at 4 pun HAIHUNG Capi Elia Wathust..... TUESDAY, 7th Apr,' es 1 p.

*Leaving.

Arrivals and Departure from the Company's Wharf (user Make Flor), "Round Trip Tickets will be issued from Hongkong to Foochow (Pagoda Anchoraga) and Return by the same steamer by the "Haining" "Halhang and "Haiching" at the Reduced Rate of $80:00 including Meals while the steamar is in Port."

For FREIGHT and PASSAGE apply to--

DOUGLAS LAPRAIK & CO.

General Managers.

AMERICAN

ORIENTAL MAIL LINE

Operated for UNITED STATES SHIPPING BOARD

by "ADMIRAL ORIENTAL LINE, Managing Operators SEATTLE & VICTORIA

SHANGHAI, KOBEZ TOHOHAWIAZ SPROIAL THRU REDUCED RATHUSTO EUROPE

PRESIDENT MADISON (For Bestile) PRESIDENT JACKSON PRESIDENT MCKINLEY PRESIDENT JEFFERSON"

From Houtky 1. Apritrd Apr. 16th

Apr, $7th

May 10th

Apr. 7th

20 (Balling Bracy 12 days)-,

MANILA SERVIUK PRESIDENT JACKSON MAR For passage and freight bookings apply to

AMERICAN ORIENTAL MAIL" LINE

operated for United States Bhipping Board by ADMIRAL ORIENTAL LINE Manging Operátora

Telphone 1477, 478. & 795-

Tel. C. 4193.

Steel Twin Screw Ocean Going Tug and Salvage

NANYO YUSEN

KAISHA

(The South Sea Mall S.S. Co., Ltd.)

TO JAVA

via Batavia, Bamarang and Sourabaya." GARBIHOR, MALE.

TO JAPAN

KESWICK

vis Moll, Kobe, Oss

agaya and Yokonan

THE KWONG HIP LUNG CO., LTD.

-AM SHIPBUILDERS,-BOILER-MAKERS, DRAS5-and-

ON: FOUNDERS. §All work done in this establishment is guaranteed.

years" experience. Wa,ows, two "Bilpways' BUG CAN)

Connaught Road Cantral, Hongkonger Teli Central No.

Lowloon, Hongkong, Tol Kowloon No.

feralabad.on

Built, engined and

for their own service

Fitted with electric

Please

1