1927-06-01 — Page 7

Building

Supplement

Special Building Number showing facts of the leading Companies

LAST YEAR'S WORK.

EXCAVATION, PILE DRIVING CO.

DIVIDEND & STAFF BONUS.

BIG RAYMOND SYSTEM BUILDINGS.

YEAR'S WORK SATISFACTORY.

CHINA MAIL, HONG KONG,

visable due to the difficulty of analysing future prospects on account of the unsettled con. ditions prevailing throughout the country,

430.76.

Tribute to Sta.

WEDNESDAY, JUNE 1, 1927.

sum carried forward this year amount to $885,194.54.

expected that the popularity of the Raymond system of piling throughout the Far East will steadily increase

modate two battalions of troops.propose that the Report and Only sixty days were allotted for Accounts as presented be adopted Sassoon Bullding, Shanghal

the completion of this scheme. and passed. When this has been During the period under re-

Notwithstanding the delay caused seconded, I shall be pleased to view, the company's piling opera- Kowloon Tong Burden. by inclement weather and the answer any questions from The net working profit for the tions under the Raymond system In my speech of last year's necessity of securing lumber for Shareholders to the best of my year has amounted to $218,520.01. have continued to be satisfactory. annual meeting, I mentioned the the scheme from Shanghai, all the ability.

The most important piling pro-burden under which the company work was completed in forty-five Mr. Chan Pek-chuen seconded, Of this profit, $88,189.25 has been absorbed in providing for depre-ject undertaken during the year was labouring in connection with days from the date of signing the and there being no question,' the* ciation in the company's invest- was that in connection with the the Kowloon Tong and New contract, fifteen days in advance motion was put to the meeting ments, plant, equipments and so New Sassoon Building in Shang- Territories Development Co., Ltd. of the time allotted by the Gov- and carried unanimously, forth, reserve for bad and doubt-hai where sixteen hundred 62 feet This burden still exists notwith-ernment for completion,

Other Business. ful debts and overhead charges, composite Raymond piles were standing the fact that the Kow- Company's Elciency,

The Hon. Dr. R. H. Kotewall which leaves a net profit to the driven to support the structure, loon Tong project is now recogni- This is probably, the largest moved that a dividend of 10 per The sixth annual general meeting of the Hong Kong Excavation, Profit and Loss Account of $130,- As this is to be one of the largest sed as being a successful under-construction project ever execut- cent. for the year ended March 31 and heaviest buildings in Shang- taking. The Kowloon Tong Co. ed in this Colony in such a short (to be payable May 31, 1927) be Pite Driving and Construction Co., Ltd., was held at the registered

hai, the architects for the pro- being a non-capital company has period of time and it speaks well declared. Mr. Chau Yue-teng Your directors have recom-ject gave much thought to the never had sufficient funds to carry for the high efficiency of the seconded and the resolution was offices of the company in Powell's Building, yesterday.

mended a 12 per cent. bonus of particular piling that should be the scheme ahead on the mass company's organisation.

carried unanimously. Early in March the company In accordance with the Articles This year's work has proved the year's salary to all members used. After much consideration production. basis originally plan- satisfactory and your directors of the permanent staff. On be- had been given to various piling ned. To add to this handicap, completed the Tung Shan Hotel of Association, all the directors have decided to declare a 10 per half of the directors, management systems, the Raymond pile was many of the subscribers for one which is an eight-storey rein- retired and the following offered and the shareholders, I wish to chosen as being the best pile to reason or other, have not found forced concrete structure building themselves for re-election: Mr. Mr. B. Montague Ede was in cent. dividend on the ordinary thank all members of the staff for carry the enormous loads in it convenient to meet their calls faced with granite and Shanghai B. Montague Ede, Mr. Charles L. the chair, and the following

on their houses as they become plaster.

Shank, Mr. Li Yau-tsun, Mr. directors and shareholders were

At last year's general meeting, hard work which have brought

their very diligent services and question.

Cheaper Than Wood Piles. due, and there are instances Many other contracts have been Chan Pek-chuen, the Hon. Mr. present:-Hon. Dr. R. H. Kote- wall, C.M.G., Messrs. Charles L. pointed out that the large about the excellent results ob- The virtue of this system was where houses have been practical undertaken by the company dur-R. H. Kotewall, Mr. Carl Shank Shank, Carl B. Shunk, Chau Yue-dividend recommended at that tained. Much closer application so apparent to the architects that y completed with a large pronoring the year, amongst which are and Mr. Chau Yue-teng. Mr. teng, Li Yau-tsun, Chan Pek- time was to be used in payment of is required from members of our only ordinary preliminary tests tion of the calls remaining un- the formation of twenty-one Chau Yue-teng proposed the re

a call of $50 per share on the

staff than from most companies were required, and now that the paid. The Kowloon Tong Co. building sites on Inland Lot No. election of the directors for a partly paid ordinary shares, The notice convening the mecting having been read, the which was necessary to meet due to the fact that our work work is completed, the architects does not have the funds to carry 2954, Stubbs Road, the Bowen further period of one year. Mr. usually continues throughout the are more than ever convinced on the work when calls are not obligations of the company.

whole year, in many cases week that they made the correct selec-paid, so the burden of financing chairman addressed the meeting

Dividend & Prospects. ends and holidays being included, tion of piling for this exceptional. the scheme has been thrown upon as follows:

The result of the year's work- |

Your directors do not feel without any interruption except ly heavy structure. Incidentally, this company until the company's ing, I am sure, you will agree is justified in recommending such a the Chinese New Year. It is the total cost of the Raymond Present commitments stand at a very gratifying in view of the un-large dividend this year as the 10 these additional services by the piling for this project proved to very high figure, settled trade conditions prevailing per cent dividend recommended staff which make for success, and be considerably lower than the during the entire period under will deplete the company's cash which are especially appreciated total cost of the increased number review. You will notice from the reserve by a sum only slightly by the company.

of wood piles that would have balance sheet that at the close of less than that caused by the

been necessary had wood piles the preceding year ending March higher dividend last year.

been used. 31, 1926, $306,453.78 was carrier While the company, could, no forward after a bonus to staff and doubt, pay a higher dividend at dividend of 20 per cent, on the the present time, your directors ordinary shares had been paid. I do not feel this procedure is ad-

chuen.

+

shares.

After a dividend of 10 per cent. and the bonus to staff. are paid, there will be $78,680.76 to be carried forward, which, when added to the profit brought for ward last year, makes the total

Other piling,contracts under- taken during the year have proved equally successful as our Shang- hai operation and it is only to be

Noteworthy Fents. Two other noteworthy projects completed by the company during the year were the Shamshuipò Military Camp and the Tung Shan Hotel.

The Shamshuipo Military Camp was a contract for the construc- tion of 84 buildings to accom-

New Contracts.

Road rapid gravity filter beds.

Since the close of our year, the company has been successful in securing several major contracts Including the construction of the New Wong-nei-cheong nullah and also other contracts of smaller magnitude, which, if successfully | carried out, should ensure another very favourable balance sheet at the close of our next fiscal period. I think I have now touched all the points on which you require information and I now beg to

Charles L, Shank seconded and the motion was carried un- animously.

Mesars, Lowe, Bingham & Matthews, Chartered Account- ants, were re-elected auditors of the company, on the proposal of Mr. Carl B. Shank, seconded by Mr. Chau Yue-teng.

Mr. Charles L. Shank moved that 12 per cent. salaries be paid as bonus to the permanent staff. Mr. Chan Pek-chuen seconded and the resolution was carried un- animously.

RAYMOND

THE NEW SASSOOŃ BUILDING-SHANGHAI SUPPORTED ON 1,600-62′0′′ RAYMOND COMPOSITE PILES.

CONCRETE

RAYMOND COMPOSITE

PILE.

PILES

RAYMOND PILE VERSUS WOOD PILES :————— 1600-62′0′′ Raymond Composite Piles replaced more than double the number of 60'-0" wood plies that would have been required to carry the total load of the New Sassoon Building now under construction in Shanghai. This means that 1600—62′0′′ Raymond Composite Piles will support a greater working load than can be supported on double the number of 60′-0′′ wood piles. And, surprising as it may seem, the cost of the Raymond Piles installed complote has proved to be considerably below the cost of the requisite number of wood piles for the job in question.

TEN POINTS OF SUPERIORITY OF RAYMOND CONCHETE PILES. Number 1. Steel shell, driven to refusal, is: left undisturbed in the ground and maintains the compression of the soil which is to sustain the load.

Number 2 The shell, left in the ground, and open to most rigid inspection, enables you to know that the concrete will not be mixed with mud or its strength lost through washing away of cement by ground water. Number 3. Varying stratas of earth and semi-plastic soil set up tremendous pressures which will seriously distort and may entirely shear off your pile If unprotected. The steel form, easily inspected, enables you to make sure that this 'has not happened.

Number 4. The taper provides maximum economy and enables you to

take full advantage of the bearing capacity of your soil. Number 3. SPEED. Our method of placing these piles and our equipment have been developed to obtain the maximum of efficiency and speed,

Number 6, SUPERVISION. Every job, no matter how small, is in charge of a man who is not only a competent executive but a capable engineer who maintains' at all times the high quality of our product.

Number 7.SAFETY. Several hundred tests throughout the world made under varled conditions have demonstrated the ruggedness and dependability of this pile.

Number 8. Every plle in driving is tested to ane and one-half times its rated load by the Engineering News Formula, univer- sally accepted by engineers and proven trustworthy, by experience. The shell left in the ground maintains the compression of the soil and assures you that the completed pile will safely bear its load.

Number 9. By means of the reinforced shell piles can be driven in

much closer centres than ordinarily possible' (usually 2′6′′ : centre to centre).

Number 10. The licensee's organisation concentrate on the speed with which they get on the job, the efficient, speedy and harmonious.conduct of the job and the rapidity with which they clean up and get out of the way so the general contract work can proceed.

Licensees in China.

RAYMOND STANDARD

PILE.

THE HONG KONG EXCAVATION, PILE

DRIVING & CONSTRUCTION CO. LTD.

108,955 LB. TEST LOAD ON ONE COMPOSITE PILE SHANGHAI

TOTAL SETTLEMENT ONLY.

2nd Floor, Powell's Building.

Tel. C. 3749