1932-03-09 — Page 12

ALL FIRMS

WHO HAVE NOT SENT IN

THEIR INFORMATION FOR 1932 DOLLAR DIRECTORY

PLEASE DO SO IMMEDIATELY.

HONG KONG $ DIRECTORY CO.

8a, Wyndham Street.

CENTRAL

SEE

THEATRIE

HEAR

SHOWING TO-DAY

AT 2.30, 5.15, 7.15 & 9.20 p.m.

THE MIGHTIEST WAR DRAMA EVER SCREENED.

ALL QUIET

ON

THE

WESTERN FRONT

SPECIAL SHOW at 12.30 p.m. TO-DAY-

፡፡

the entire proceeds of which are to be

contributed to

THE SHANGHAI

REFUGEES RELIEF FUND

The PROGRAMME will be "INNOCENTS OF PARIS"

NEXT CHANGE

A 1932 United Artists Super Picture, HOWARD HUGHES

presents

AGE FOR LOVE"

Made by the Man who gave You "Hell's Angels" from the world famous Ernest Pascal's Sensational Novel

with

Billie Dove, Charles Starrett, Leis Wilson, Edward Everett Horton, Mary Duncan, etc.

COMING! COMING!

AROUND THE WORLD IN 80 MINUTES'

THE WORLD IN

With Douglas Fairbanks.

"THE COMMAND PERFORMANCE”

With Nell Hamallion and

The

China Mail.

ESTABLISHED 1845.

HONG KONG, WEDNESDAY, MARCH 9, 1932.

H. K. TELEPHONE CO.

DRASTIC ARMY ECONOMIES.

CONTINUED FROM PAGE 1 Leads to Reduction of

Over Three Million Pounds.

NOT A PRECEDENT.

the cash position, as indicated structions for specifications to be by the balance sheet, cannot but drawn up and tenders called for, in be regarded as eminently satis-which relation it is, expected that factory,!

the, limit of the capacity of the Earnings on More Capital. existing exchange equipments will The calling up of the addition- be reached towards the end of next al capital to which I have just year end, in keeping with the pro- referred and which ranks for greasive policy which your Company dividend as from January 1, has adopted since its inception, it were presented in the House of 1932, will necessitate an increase is proposed that the additional Ex-Commons to-day by Mr. Duff in earnings for the year, 1932, if change equipments should be ready Cooper, the Financial Secretary the present rate of distribution for service before that time.

to the War Office, showed that

The Army Estimates, which

Rugby, Yesterday,

is to be maintained, and every

As you are aware, trunk telephone endeavour will be made to effect service between Hong Kong and the amount asked for was £86,- this result by further expansion Canton was established on Septem-488,000, saving of £3,442,000 on of your business rather than by ber 1, 1931, when His Excellency the the sum voted last year. resorting to an increase in se Governor, Sir William Peel, This reduction scription rates.

K.C.M.G, K.B.E., in conjunction

was achieved

My predecessor in the chair has, with the Provincial Governor of by drastic economies and the aus- on several occasions, commented on Kwangtung, Mr. Lam Won-koi, per pension of many essential Army the advisability of obtaining Gov-formed the Inauguaral ceremony.

Services.

ernment's approval for increasing All who have had occasion to speak One economy of £1,000,000 was. the amount of the annual appro- to Canton must have been impress- obtained by the cancelling of the priation to General Reserve, and Ied with the clarity of the speech Territorial Army's annual camp would take this opportunity of ex-transmission and the rapidity with training, a saving, but it is felt pressing my concurrence in such which connoation is made between that this cannot be repeated next| views, more particularly having re-these two 'Cities.

year.

gard to the rapid growth of your Great interest is being shown in Company undertaking.

the service and, although this has his Labour predecessor at the

Mr. Duff Cooper recalled. that

It is gratifying to me to be able only been in operation for several War Office in presenting the Es- to report that the year under review months, the returns indicate a timates last year had stated that has shown a record expansion of steady increase in the traffic hand- economies had been carried to your business resulting in the con-led, and I am confident that the their utmost necting up of 1161 additional ex-success of the project is already Nevertheless,

practical limit. change lines as compared with 628 assured; furthermore, the linking been reduced to meet the ape the Army had for the previous year.

up of Hong Kong and Canton by cial call for economy by saving Service to Subscribers.

telephone must have a This development can, I think, be ficlul influence on the trading and mates must, therefore, not be very bene- £3,500,000. This year's Esti- attributed to the excellence of the social relationships of these Citics taken as a standard to which service given to subscribers, coupled which will eventually be extended further Estimates could be ex- to the Iow subscription rates to embrace other centres in China; pected to conform. British charged for such services. automatic system has now been in the latter country is increased,

The as the trunk telephone network in Wireless Service.

operation for nearly two years and

The question of developing tele-

Estimates Passed.

London, Yesterday.

I think you will agree that, not-phone service in the New Ter withstanding the adverse effect of ritories has engaged the attention of

The "House of Commons has climatic conditions and the resultant your Directors, who have approved agreed to the Army Estimates. difficulties experienced with a highly the Installation of two small automa-

Mr. Duff Cooper, referring to technical and extremely delicate tie exchanges at Taipo Market and the favourableness of recruiting, installation, the introduction of this Fanling which, it is hoped, will be said that qualified judges were system has been an unqualified suc ready for service about the middle of the opinion that events in cess, a fact borne out by the ex-of 1932. Your Company's policy Shanghai had encouraged recruit- ceedingly low ratio of complaints. in the matter of extension of tele ing to a considerable extent.-

re-

Reuter

cent, making a total.. of 10 per cent. for the year

.$192,000.00

Unpaid Instalments.

phone service to other rural areas The unpaid instalments still due will be influenced by the support on Automatic Exchange Equipments which it receives in connection amount to £19,666.0.8., but under with the two new exchanges the contract conditions, £12,827.18.0 ferred to as, whilst your Company of this sum will be paid in May, is prepared to accept an initial loss) 1982, after which the amount out in the development of rural areas, standing will be reduced to a very it must see some prospect of such Transfer to General Re- low figure, representing the amount services becoming profit earning serve, bringing "same of the final instalment which is pay within a reasonable period of time. up to $825,000.00, .. 50,000,00 able in May, 1983. This method In order to be in a position im-Carry forward to next of payment for plant, namely, by mediately to meet orders for the Instalmenta against satisfactory installation of telephone service, performance, has proved most satis- your Company has laid down during factory to us, apart from the assur- the year under review 3,293,426 and I shall be obliged if a share- ance of the proper functioning of the circuit miles of underground cables holder will kindly second such pro plant, having regard to the fact and covered distribution, and it isposal, whereupon questions ne that in the matter of the installation worthy of note that there must be the report and accounts may be of exchange equipment provision very few telephone administrations { raised, 20

Account

63,840,00

$305,840.00

to

must be made covering several where such a large percentage of the Seconded by Mr. D. H. Blake and years' growth with the result that subscribers' lines is served entirely carried unanimously.

a considerable portion of auch equip by underground cables. ment must remain non-revenue earn-

Dividend of 6 Per Cent

ing for several years, the Company. There being no further matters

Other Business.

Sir Shou-zon Chow and Mr. D. H.

is, as a result of such arrangement, calling for comment, I now beg Blake were re-elected Directors on enabled to defer the major portion formally to propose that the report the proposal of Mr. Wong Ping- of the capital outlay involved until of the Directors and the accountsjahun, seconded by Mr. E. Abraham;} such time as the equipment com- for the financial year ending Decem-and Messrs. Lowe, Bingham and mences to become productive. ber 81, 1981, as presented, be adopt- Matthews were re-elected Auditors

Rapid Extension.

ed, and that the following "appro-at a remuneration of $8,400, on the The rapid extension of your busi-priations, recommended by your proposal of Mr. J. H. Ruttonjee, ness will necessitate in the near Directors, as incorporated in the seconded by Mr. D. Tollan. future the installation of additional Balance Sheet, be carried into exchange equipment both in Hong effect, namely:- Kong and in Kowloon, and your Payment of a Final Directors have already given in- Dividend of 6 per

Genuine KER

BAY

R

SAY BAYER ASPIRIN BAYERS ASPIRING Pirit:

The meeting terminated with the announcement by the Chairman that dividend warrants were ready for issue."

ASPIRIN

INSISTI

DENTALINE

(Concentrated Antiseptic)

Is more than a mouth-wash-

it actually KILLS GERMS

Dentaline is an Antiseptic Germicide and Astringent. Properly diluted. It is delightful to taste and

refreshing to use.

THE PHARMACY

Asiatic Building.

Tel. 20345.

Queen's Road

QUEENS

SHOWING TO-DAY

A Song of Love Was in His Heart!

RAMON

At 2.30, 5.10, 7.15 & 9.20.

NOVARRO

brings a new note into

the age old story of love, of tears, of sacri-

fice

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with CONRAD NAGEL MARJORIE RAMBEAU

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YEAR'S GRAND- EST COMEDY SHOW WITH WORLD'S GREATEST COMEDIANS!

Hamselles, M.P.,

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Metro

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LAUREL HARDY