1931-03-05 — Page 12

SPACIOUS FIREPROOF GARAGE STORAGE, CAR WASHING &

POLISHING

(Service Day and Night) AT VERY LOW RATES MECHANICAL REPAIRS BY

EXPERT ENGINEERS.

Motor Accessories, Spare Parts, Gasoline & Oils.

THE NATHAN GARAGE Wing Lock Building,

Nathan Rand, Kowloon,

Telephone 56948.

THE

China" Mail

Thursday, March 5th, 1931.

FUNNEL

BLUE

LINE

REGULAR AND FAST FREIGHT AND

́PASSENGER SERVICES |

LONDON SERVICE. ·

**ANTENOR" "AUTOLYCUS"

LIVERPOOL

* EURYLOCHIS"

**TEIRESIAS

18th Mar, For Mies, Ldan. R'dam & Glasgow 31st, Mar.

For Millea, Cseablenen, London, Hotterdam audi amburg

SERVICE.

20th Mar, For Genoa. Havro, 1'root & Glasgow 20th Apr.

For Genoa, Havm. E'prol & Glasgow

PACIFIC SERVICE.

(via KOBE & YOKOHAMA.) *TERER" "IXION"

14th Mar. For Victoria, Vanenuver & Batti- 9th Apr. For Victoria, Vancouver & Feittio

INWARD SERVICE.

** HECTOR ** Dos 0th Mar, For S'hai, Taku and Daley

DOLIUS" Dua 10th Mar. For, R'hui, Kobe and Yokohama

PASSENGER SERVICE.

"HECTOR " Sails 7th Mar. For F’hai, Taku and Daly

'ANTEKOR" Safe 10th Mar Par S'pore, Miles and London

Also cargo steamers with limited passenger accommodation at specially reduced fares.

For freight, pasange rates and information apply to:-

เษม

Butterfield & Swire,

Agenta,

THEATRE

TO-DAY TO SATURDAY Dally at 2.30, 5.10, 7.15 & 9.20 p.m. UNIVERSAL'S SUPER-EXTRAVAGANZA ECLIPSES ANY PICTURE EVER SHOWN ALL-SINGING, ALL-DANCING, ALL-TECHNICOLOR

Presented by Cori inemmie. Directed by John Murray An derson, Produced. by Carl Loemmin, 31.)

In Tune With Life Today!

And his band in

HEA

First Moon, 17th Day.

passage money,

ESTABLISHED

1845

大英三月五號 禮拜四 中華民國辛未年元月十七日

HONG KONG, THURSDAY, MARCH 5, 1931.

STEAMBOAT CO., has, owing to health, tendered of view, also because they are not:

his resignation, which we with re-, as a rule, an organised body, por ars (Continued from Page 1.)

gret have accepted. Mr. Arnold they easily organised. it is, there- has devoted no fewer than 30 years; fore, not an easy matter for share- currency but the greater propor- to the service of the Company, of holders assembled at a 'meeting, to tion of the expenditure of which which period he acted as Secretary decide which one of their number has to be met in gold. Such is the for 17 years. I can pay him noļis beat fitted to represent them. unfortunate position of your Com-higher tribute than to say that dur- At the time when you took over, pany to-day. it suffices to state ing this time he has gained not the management there was, great that European floating staff wages, only the respect but, I think, the uncertainty as to the future of the There were so many Ilome leave pri-esteem of all those with whom he Company. vileges, cost of conl, stores and has come into contact. His long uncertain factors and so many seri- decking charges, are all incurred shipping experience has been an ous possibilities, that your task. Sir, The on a sterling basis, wheress the invaluable factor in the conduct of was indeed a difficult one. Company's receipts are taken in the business of the Company, We situation was unusually complex. silver, part of which is Canton sub-shall lose in him a most efficient

The task of revitallsing and re- sidiary coins which entails about Secretary, I feel sure you will ap- capturing the lost business of the 30 per cent. loss upon conversion prove of the Directors' action in Company was not an easy one, but into Hong Kong dollars To en-granting to him in recognition of

you have surmounted

all the Jable you to forni car-his long services a bonus of $20,000 obstacles and emerged triumphant, rect appreciation of the in-which includes the equivalent of with an increased revenue of nearly creased expenditure principal nine months' leave. ly

To succeed Mr. Arnold we have due to exchange difer- ences I will lemise separate heads appointed Mr. George E. Ellame 23 of expenditure. Out of a total in-acting Secretary. crense of over $150,000.

I can only express the hope that Wages were responsible for $58.618 when we next meet the long desired 36,349 improvement in trade may have 12,421 developed so as to refect itself in 8,862 the lifting of the deprssion that has 5,37been over the shipping industry for 18,195 such a long period.

Coal

Stores

Home Leave Pay Wireless Pay

{Repairs

11

This

a lakh on the Canton Linc. is attributable to your able manage ment and proves conclusively that

the sharchalders made no mistake

when they approved your polley by such a large majority, thereby showing that they realised that you possessed the best qualifications for undertaking the control and leve- lopment of the Company's affairs.

Although last year's profit may Radical Changes Called For. It has always been the custom of

rebe somewhat disappointing, due From the figures I have just the Chairman. in closing his quoted it will be seen how impos-marks to thank the staff of the Com-principally to the unparalleled drop sible it is for the Company to con- pany both ashore and afloat, who in exchange, shareholders ought to tinue on the present working prin- always labour, strenuously in the be gratified to note that the Com- I do pany's share investment cost prices ciples. Radical changes are called promotion of our interests. for. Your business is not the only so with much pleasure on this oc- of $386,968.90 appreciated 8078, I wish to acknowledge to 728.60 (including last year $333. one in the Colony that has to face casion. these contending factors so pre-all members of our staff, European 644.40) making a total of $1,064,- judicial to your best interests. The and Chinese, my appreciation of 717.50 or something over 175 per problem bristles with difficulties their loyalty and devotion to duty. cent. of their original book values. and I may say that for some time: now this all important exchange Mr. M. Fernandez said: factor has beca engaging the seri- beg to second the adoption of attention of your Directora. the Report and Accounts and in We are glad that a Commission is doing so, I would like to make a few coming out to Hong Kong at the remarks.

ous

Obstacles Surmounted,

Perusal of the report amply illustrates the soundness of the Company in tangible quid asseta, The Company is now established on a very sound basis.

In conclusion. I desire to state

of the in- that, while present prospects may

to recom- not be as bright as we should like, a dividend due to the continued existence an!!

to be en-

as the Com-

instance of the Colonial Office to Your announcement investigate into the currency ques-ability of the, directors tlon. May we hope that some mend the payment of amelioration of the present difficult does not come as a surprise to me, the seriousness of current shipping sltaation be fully realised?

It will doubtless te semembered depression and competition com. the unfavourable ex- During the year more steamers that when addressing your pre-bined with were placed In opposition both on decessor in the Chair at the last change we have reason the Canton and Macao services. Annual Meeting, I called attention couraged, inasmuch Freight rates throughout the year to the fact that, due to the farming pany has come through such parlous ruled very low, showing in some system, our steamers had been run-times and the report shows such a H cases only a bare margin of profit.ning at a loss and that the payment satisfactory position, which is in- of dividends by borrowed money deed as good as could be expected fa Practically all local shipping was "unjustified, as the net profit such circumstances, and I feel cer- undertakings have suffered from was mainly Income obtained from tain that, when the long looked for local business stagnation, fall in

Investments." The farming out of revival of trade materialises this exchange, and the periodical re the Chinese freight and passage Company will receive Its fair quote curring political disturbances in

business had never been satisface of prosperity. the neighbouring provinces of tory.

With these few remarks I bog, to Kwangtung and Kwanget.

In view of the gratifying results second the adoption of the report I may mention that your Direc-obtained under the Company's new and the statement of accounts. tora, after due consideration, de system, during the period of six

Other Businesses. cided to insure the Company's monthe (July to December) which Messrs. R. K. Batchelor and Li steamers against total loss only but have so fully proved the wisdom of Tze-fong were unanimoulsy 0 including salvage and damage by the policy outlined by you a year elected Directors for the ensuing fire instead of on W.A. basis, there ago, I wish to congratulate you, Sir. year, on the proposal of Mr. Stuart- by cffecting a saving of about and to express the conviction that Smith, seconded by Mr. M. H. Lø. $17,000 in premium a year. At the the confidence in you evidenced by l Mr. M. P. Lo proposed, and Mr. same time they effected insurance the large number of votes in your Wel Tat seconded the reappoint- to cover loss of earnings in the favour at the poll on June 24, 1930 ment of Messra. Linstead and event of total loss for the sum of has been fully justified. $400,000.-

Unity of opinion among share holders is usually not easily obtain ed, because of their varying points

Tribute To Late Secretary, Our Secretary, Mr. John Arnold,

WHITEMAN KING OF JAZZ"

"HE musical drama of the birth and growth of [azz -a carnival of cleverness - miracle of beauty- a gorgeous entertalament startling in its brilliance and thrilling in its offer- vescense... An all-Techni- calor production. A never-to-be-forgotten plc- ture that will make the san- sas ravet in luxury... and Including the first drama Haction of George Garsh- win's "Rhapsody In Blum,

A SUPER-PRODUCTION AT ORDINÁRY PRICES

NEXT CHANGE

HEAR THEM ON THE SCREEN ----FUNNIER THAN EVER! MORAN AND "MACK

in

WHY BRING THAT UP" LAUGHS GALORE GIRLS BY THE SCORE. Booking at Anderson's & the Theatre: (Tel. 25720)

Proprietors, The No

CHEISTIAN...

BAYER]

Don't let a Cough Torture you -

take

RESIVAL'

Majestic

¡Davica, and Messrs. Lowe, Binghan

and Matthews as auditora at the increased remuneration of $1,250 each.

12 EN

UKRAIN

西利克.

TO-DAY ONLY

CHARLES BUDDY'

ROGERS Safety in Numbers

A Paramount Picture

QUINCIN

Universally recommended for

Influenza

N ASAL CATARRH

COLD IN THE HEAD

Instant Relief

Never be without it

THE PHARMACY ́

Asiatic Building.

Tel. 20345.

AMUSEMENTS:

AT THE

QUEEN'S

TO-DAY TO

SATURDAY

At 2.30, 5.10, 7.15 & 9.20.

A REAL PROGRAMME of ENTERTAINMENT

THE SEASON'S SENSATION.

LET US BE GAY

Norma

SHEARER

in the

best performance of

her tolklo career!

with this remarkable cost: Marie Dressler Rod La Rocque Gilbert Emery Hedda Hopper

A

Robert Z. Leonard

-ADDED ATTRACTION—it

Production

SCREENDOM'S FUNNIEST TEAM.

STAN

OLIVER

LAUREL HARDY

IN

"BLOTTO"

HEARST METROTONE NEWS

· NEXT CHANGE

A Willian Fox

Mavistone drama of the snowfands

ROUGH 7 ROMANCE

Directed by

A. F. Erickson

with George O'Brien Helen Chandler Antonio Moreno

Noel Francis

MADGE BELLAMY

"SOFT LIVING"

with JOHN MACK BROWN

STAR

TO-DAY

TURDAY