1929-03-13 — Page 8

Pamela

is now showing

a selection of

NEW SUMMER NINON DRESSES and STRAW HATS

also a collection of NEW EVENING GOWNS.

13, Queen's Road C:

G. FALCONER & CO., (HONG KONG) LTD. WATCHMAKERS & JEWELLERS DIAMOND MERCHANTS. Union Building (Opposite G.P.O.)

Agents for:-ADMIRALTY CHARTS, ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE, direct from Manufacturers. High Class English Jewellery.

SINCERE'S SALE

NOW

IN PROGRESS

DON'T WAIT UNTIL YOU HAVE MISSED

THE BEST SALE

IN TOWN

HACOMALT

RENEWS STRENGTH PLEASES THE PALATE.

A Swiss Prodact.

A remedy of high nourishing and strengthening valle, containing Vitamins appropriately com- bined with Phosphorus, Iron, Calcium, etc.,

Can be taken in milk, coffee, cocoa, etc., or on bread.

Obtainable at all stores.

Sole Agents:

LYEN BROTHERS,

China Uldg. (1st floor).

¿Quicen's Rd. C.

Revitalize your energy-

At all

You can not only counteract the weaken. ing influence of excessive heat on body and nerves but you renew and build up strength and energy by taking Sanatogen. Sanatogen provides those important ele. rents phosphorus and albumin- which are so necessary for lasting health. Start taking Sanatogen to-day!

SANATOGEN

The Tras;

THE CHINA MAIL,

G. I. CEMENT CO., LTD. by agreement make the commission payable proportionate to the net profits.

(Continued from Page 1.)

made against the office staff of the company which in fairness to all concerned call for Investigation.

These charges consist of rank in- elvility and rudeness towards cus- tomers, and the preferential treat- ment, both in the way of prices and deliveries, of one set of customers as against all others. I hold here in my hand a cheque in favour of this company from a Chinese busi- ness Arm calling for the delivery of 170 bags of cement which had been verbally promised to that firm by the company's 'compradore at the current price of the day.

This cheque was returned to the

firm with a memo from the com-

pany bearing the curt statement "Regret cement sold out"-not a word as to any future delivery or as to when the company might be in a position, to meet a demand.

Bluntness & Sneer

Some time later, the same firm, boing in urgent need of 100 bags, sent its representative to the com- pany's office and asked a member of the staff if he could have this quantity, adding at the same time tadt he was prepared to pay even 50 cents or more a bag higher than the current price. The reply he received staggered him both in bluntness and the sneer it was in- tended to convey. He was asked "Why doesn't he buy Japanese or Haiphong cement?" Such an 'atti- tude on the part of the staff is apt to be resented, and certainly does not tend to secure the goodwill of customers. Eventually this firm was obliged to go to a dealer who apparently was one of the favour- ed few and had to pay $4.50 per bag. I may say that the selling price of the company on that day was $3.60. It is puzzling to many of us why it was that the company continued selling its cement at $3.60 when it was well known that it was not in a position to cope

Chairman's Replies Mr. Shewan replied: In regard to the fixing of the price of cement:-"It is done by the gen- eral managers according to the state of the market. You know there is fluctuation in the price of cement as in other commodity." Mr. Shewan added that the an- swer to the second question was the same and that the general managers followed and watched the market. The price of cement in December last, Mr. Shewan added, was $6.50 a cask and $3.50

a bag.

Investigation Promised Mr. Shewan promised investi- gation as to whether anybody or the staff had been rude. It did not follow, however, that if a per- son was advised to buy Haiphong cement that the advice was given in an offensive way.

fully into the various aspects of the matter and in order to check our recommendations, and those made by our own technical and we requested executive staff, Messrs. Lowe, Bingham and Mat- thews to draw up a report on the financial side of the undertaking. This report we are glad to say supports our own views and those of our technical staff, and is avail- able to any shareholder on appli- ention to the secretary.

The Board's Intention- We think it will be inadvisable to delay the project and we pro- pose accordingly going ahead im- mediately, subject to your agree- ment to-day. As regards financ- ing the project, it is not the inten- tion of your Board to call up fur- ther capital for, with the com- pany's' own resources, deferred terms of payment which we ex- pect to obtain from suppliers and with assistance from our bankers, a call on shareholders should not be necessary.

In regard to the question of

It is your Board's intention, in general managers' fee Mr, Shewan said: "You must not ask ine to future, to devote their entire ener- say anything about that. As you, gies to Hok Un. No more capital know, it was fixed by the share-will be spent at Macao, and Deep holders themselves some years Water Bay will be disposed of, If we can find a purchaser, or the ago."

works demolished.

Mr. Gould:"I know, but at the same time it seems out of pro- portion."

Mr. Shewan replied that last year had been exceptional and that the prospects for the present year were good.

Other Business

Mr. J. Scott Harston seconded the adoption of the accounts and report and the chairman's motion thereanent was carried unani- mously.

The return we expect from the capital expended on a new plant, will, we feel confident, enable us to become again a dividend pay- ing concern at a no far distant date.

Market Increasing

The market for our product is large and increasing and I am sure will easily absorb the out- put of a new plant. The plant which will be chosen by our Other business transacted by works manager in conjunction with expert technical advisers at the company comprised:

Re-election of Mr. J. Scott Home, will be of the very latest Harston and Mr. Gould F. Mend-type and will amongst other ham as directors-proposed by things enable us to manufacture Mr. J. Gould, seconded by Mr. J. rapid hardening cement, which is already finding such a ready mar- Re-election of Messrs. Linstead ket at Home and on the Con- and Davis und Messrs. Lowe, tinent, and which commands a Bingham and Matthews as audi- much higher price than ordinary tors at a fee of $750 for each firm Portland cement.

proposed by Mr. the market was apparently willing. V. A. Croucher, seconded by

with the existing demand, while

to pay higher prices.

The Commission

Coulthart.

per year

Mr. O. Kitchell.

Extraordinary. Meeting There is another point I should

The notice convening the extra- like to touch upon on in connec-ordinary meeting was then read tiont with the statement of ac by the secretary, after which the count, and that is in regard to the chairman said: general

managers' commission.

I

Gentlemen, at the annual gen-

On a net profit of $116,000, $25.000 eral meeting held in March last seems out of all proportion to pay year, I informed you that your by way of commission. am Board were investigating the aware that under the company's question of the installation of a articles the general managers are new plant at Hok Un with a view entitled to this scale, but surely to placing concrete proposals be these articles are not, like the laws fore you in due course and this of the ancient Medes and Persians, meeting has been called for the unalterable. I would therefore purpose of asking you for your ap appeal to the Beard and the gen-proval of this installation. eral managers to get together and We have gone extremely care-

I now beg to propose that the resolution mentioned in the no- tice calling this meeting, name- ly:-

at

"That the directors of the company be and they are here- by authorised to proceed with the purchase and installation at the company's works Hok Un, of a new cement plant and to expend on the purchase and installation of such new cement plant a sum of up to but not exceeding $3,500,000", be passed as an extraordinary resolution and I shall be glad if will kindly some shareholder second this.

Mr. J. H. Taggart seconded and the motton was carried unani- mously.

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.N

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FRIGIDAIRE

Vac Product of: MI GENERAL MOTORS

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Tel C1030,

Tel: C. 1030,

}

WEDNESDAY, MARCH 13, 1929.

Canada's Mightiest Mountains flank this New Scenic Route across CANADA

Cross Canada through the heart of her mightiest moun- tains by this scenic ronto of the lowest altitude and easiest gradient of any transconti- nental line. View the wonders of Jasper National Park, then on to the east, where Niagara- Falls and other attractions beckon.

Dally trains from Vancouver, All-steel; radio-equipped; aplendid meals moderately priced.

For rates, literature and information apply

Astatic Buliding, Hong Kong.

CANADIAN NATIONAL

The Largest Railway System in North America

(SEPARATE AND DISTINCT FROM CANADIAN PACIFIC RAILWAY)

HARMSTON'S CIRCUS

and

ROYAL MENAGERIE

Situated at MONGKOK (KOWLOON) "Near Lai-Chi-Kok Road

A SPECIAL GRAND GALA PERFORMANCE

Will be given in Ald of

THE TUNG WAH HOSPITAL on SATURDAY, 16th March, at 9.15 p.m.

When 50 % of the Gross Takings

will be given to the above Institution

The Following Gentlemen Have Kindly Consented to be Patrons on This Occasion.

i.

The Hon. Mr. R. A. C. North, Secretary for Chinese

Affairs.

The Hon. Sir Shou-son Chow, Kt.

The Hon. Dr. R. H. Kotewall, C.M.G.

The Hon. Dr. S. W. Ts'o, O.B.E.

Sir Robert Ho Tung, Kt.

And The Directors of THE TUNG WAH HOSPITAL.

PRICES AS USUAL Booking and Plan at Moutrie's.

Buses and Taxis Pass the Circus Tent.

Last Ferry Te Hong Kong. 12-45 a.m.

COUGH LINCTUS

a sure cure for your bad cough.

COD LIVER OIL.

Cod Liver Oil and Malt Extract.

Queens Dispensary

-Pharmaceutical Chemists

22, Des Voeux Road Central.

WESTINGHOUSE

LIGHT & POWER PLANTS

THE NEW MODEL NO. E-31.

Self-Contained

Air Cooled

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Sola Agents

REISS, MASSEY & CO., LTD. Exchange Building,

Tel C673

CHOY HEONG

ANUFACTURER OR PRESERVED GINGER AND FRUIT.

faked For More Than F 90, Honham Btrend, Hong

G1424.