1932-03-23 — Page 5

WEDNESDAY, MARCH 23, 1932.

Company Meeting.

HONG KONG ELECTRIC CO., LTD.

FORTY-THIRD ANNUAL GENERAL MEETING

TO-DAY

THE

CHINA MATE.

BURIED IN PARIS.

proval of all present. It las at M. HAARDT TO BE ****** ways been the policy of this Com- pany to depreciate on an adequate scale and I ani pleased to see that this principle has, again been follow- ed in the present accounts.

It must be a matter of great satis- faction to the Directors to be able to again propose a dividend of $2,50 per share and at the same time place considerable amount to Our

a

healthy reserve account.

No Ceremony in Hong Kong.

EXPEDITION'S LOSS.

In accordance with the wishes ex- Whilst the report and accounts be-pressed by the family of the late fore us are thoroughly satisfactory Monsieur George Marie Haardt, from Shareholders' point of view, leader of the Central Aalan Expedi- I would point out that Consumers tion, the burial will be performed in receive current at rate which Paris, no ceremonies taking place bears comparison with any place in here. the world."

Accompanied by the three mem-

The forty-third ordinary yearly meeting of shareholders was held at the Company's Offices in the P. & O. Building this morning,

I personally am very pleased to bers of the expedition at present In The Hon. C. G. S. Mackie (Chairman of Directors) presided, the Generating Station at a high barked on the French Ener sailing ace that the Board are maintaining Hong Kong, the coffin will be em and was supported by Sir Robert Ho Tung, Kt,, the Hon. Sir Shou- state of efficiency. I hold the view from this port on March 29. son Chow, Kt., Mr. J. P. Warren, the Hon. Mr. J. J. Paterson (Diring all the latest improvements is which have already arrived in Indo- that modern machinery Incorporat~ The other members of the party cetors), and Mr. J. Douglas Butcher (Manager), Shareholders were essential for economical production. China, will come on board at Saigon represented by Messrs. W. S. Bailey, Chiu Hoping, Lau Shlu-chuen,

I now have much pleasure in in order to escort the body of their V. Sorby, F. L. Brown, the Hon. Mr. T. N. Chau, Fung Kong-un, the report and accounts for 1931, s

formally seconding the adoption of leader to France.

Residents of the Colony who Leung Fattin, To Cho-hing, Wong Ping-sun, L. E. Ozorio, Leung presented.

desire to express their sympathy to Yan-po, O. F. Ribeiro, Leung Shiu-lau, H. J. M. de Figueiredo, I. J. solution was pat to the meeting and family, and to his friends, are ask- No questions being asked the Re-Monsieur George Marie Haardt's] Davies, B. Wong Tape, Vong Chio, S. H. Ross, Ip Fook, Paul Lauder, the adoption of the Report and ed to write their names down Frank Austin (Attorney for Mr. A. J. David), and Chun Wing-keu. Statement of Accounts was carried the French Consul General's Office

unanimously.

in the book opened for this pur-

The Manager having read the notice convening the meeting, the Chairman said:-

Gentlemen. The Report and Statement of Accounts for the

year ended December 1, 1951, have been in your hands for the prescribed period and with your permission I will take them as read.

The Net Profit after providing for Depreciation is $1,698,459.29. With the süh of $1-12,335.82 brought forward from last areount we have $1.840,305.11 for appro- priation and with this we

pro-

100

To pay a dividend of $2.50 per share ab- sorbing

To appropriate a sum

to write of obsolete

plant

To place to reserve

To carry forward to

next account

.$1,125,600.00

400,000.00

186,36.J

With regard to Sundry Debtors

at

vehicles which have already shown, Mr. C. G. S. Mackie, retiring Direc

Mr. T. E. Pearce and the Hon.pose. a considerable economy in running tors, were re-elected by a resolutiondolence

Among the many cables of con- and are tending to reduce our proposed by Mr. W. S. Bailey and ing

received from lead- transport costs,

personalities the world seconded by Mr. Frank Austin. over, the President of the the increase of $173,419 is mainly re-elected Auditors for the ensuing for

Messrs. Linstead and Davis were Council, and Secretary of State on account of remittances to Lon year at a remuneration of $2,500 by the deep sympathy of the French Foreign Affairs has sent don at favourable rates to further payments for our

meet a resolution proposed by Mr. Fung Government

"which Associates exten-Kong-un and seconded by Mr. Wang wholeheartedly with the expedi sions.

Ping-sun.

tion in its grief at the loss of their Chief."

110

Cleavage of the Atom appears nearer as the result of a new 20,- 000,000-volt generator,

Cash at Hard and in Current Ac- count has decreased by $308,482, The Chairman: That is all the; heavy payments on account of new business, gentlemen, I thank you for plant having been made.

your attendance. Dividend war- There are. I think,

further ants are now ready. points in the accounts which call for special remark other than the writing off of some of the old plant to which I will refer later,

The new plant of which I spoke the second ordinary general meeting ----

CHINA ENTERTAINMENT.

Sir Shou-son Chow presided at

Certain Stars are not as distant as formerly believed.

last year has now arrived and is in of shareholders of the above Com- advice, and no pains will be spar- prncess of erection at the moment. pany, which was held in the King's ed to give them every satisfaction. 179,059.90 it is hoped to have it in operation Theatre Building at noon to-day,

The Cooling Plant, during this Spring. We have been and reported a very satisfactory

I am pleased to state that the fortunate in being able to pay for state of affairs. The net carn-King's Theatre is the first theatre this additional machinery at higher ings

King's Theatre in South China to install a Cool- rates of exchange than was antici- for its nine months' working were ing Plant. This cooling system $109,327.16 while rents of offices not only cools and purifles the air, In accordance with the progres and shops in the theatre buildings but at the same time it reduces sive policy of the Company whereby, brought in $53,635.71

A dividend the humidity.

The Profit on Working exceeded that for 1920 by $101,800 and in view of the increased enst of fuel, which forms a large percentage of the Works Costs of the unit, this result may, I thik, be looked upon as satisfactory.

A new item which appears in the Working Account is the Five Yearly Installation Testing which the Company have to carry out in accordance with Gavernment re- quirements and which has meant the formation of an entirely new

sub department attached to the Meter Staff. This department commenced its activities on Janu- ary. 1931.

pated.

of the

It is a boon to

and its special feature is that the air, being evenly distributed does

it has been decided to completely of 60 cents per share was declar Patrons during the hot weather, modernise the Power Station and ed. replace the low pressure with high

Chairman's Speech.

Turning now to the accounts,

per

of

pressure steam plant with its nt-j Addressing the meeting, the not cause drafts. tendant greater economy, it will be Chairman said: necessary to convert the British; The report of the Directors to you will see from the Frofit and Thomson-Houston set No. 6 to the gether with the Balance Sheet at Loss Account that the net earning higher pressure as soon as possible December 31, 1931, and the Audi- of the Theatre for its nine months' and to provide further high tor's report, having been in your working is $109,327.16 and our net pressure boiler in the near future. hands for some time, I will, with rent receipts of offices and shops With this object in view your your permission follow the local for the year is $53,635.71; and that Directors deem it advisable to com- custom and take them as rend. after deduction of Interests and letely write off two of the obsolete; The King's Theatre Building Directors and Auditor's Fees, etc., We have set aside an additional turbines although they will be re- was ready for occupation at the our net profit for the year is $9.202. making a total of $628,367 | twined as a standby supply. From end of March last, and the Theatre $95.974.10. We have, however, to for Depreciation, which leaves as the point of view of maximum was opened on the 31st of the same write off the debit balance of with a Nett Profit $33,609 in ex-efficiency these sets are now out of month. Pictures from the Para-$30,777 carried forward from 1930, cess of that for the previous year. date but I would mention that they mount Filma Co., which is one of thus leaving available for distribu-

In viewing the results for last have been in continuous use for a the largest film producing com-tion $65,197.10. year it should be borne in mind considerable number of years and panics in the world, were shown Your Directors recommend pay- that we have had to meet largely have in their time done yeoman in this Theatre. A month later, ing a dividend of 60 cents increased costs of miscellaneous service.

we entered into a contract with share for the year,

and writing supplica as well as on machinery I think I may safely say that the the Fox Film Corporation for the off $3,967.20 for Preliminary Ex- and accessories. It should also be results of the past year have fully exhibition of their best selections pensos, leaving a balance remembered that we offer the realised our expectations, the most of pictures. As you doubtless $1,815.10 to be carried forward to Pubile a supply at very low rates satisfactory feature in my opinion know, both the Paramount Films next year's account. which can be equalled in but few being the considerable increase in Co., and the Fox Film Corporation I now propose that the Report of cities throughout the world. The output mainly due improved results of the period number of consumers. I would also companies in the U.S.A. and their Accounts as presented be adopted. to the larger are the premier film producing the Directora and the Statement of under review have been possible add that care has been taken to films are known in every part of When this has been seconded owing to the steady increase in the effect every possible economy with the world. The popularity of will endeavour to answer, to the output which has shown a further rise during the year of some 9.8

It is always my pleasure on these the large audiences and box-office which shareholders may wish to per cent., the total number of units occasions to express our apprecia-returns. sold having risen to over 371⁄2 mil-tion of all that the Staff have done! Hons. The number of consumers te achieve the results which have also increased in a gratify- ing manner and is now almost at the 30,000 stage, an increase of over 3,000 during the year, or the

I now propose that the Report booked through the British Film Proposal of Mr. Chow Tung-sang, | largest increase during the last ten and Statement of Accounts for the Distribution Co., a selection of

Government rates are consider year ended December 31, 1931, be British productions, representing Extraordinary Meeting, “

adupted, and when this has been well known English stage plays, and held Immediately afterward for the An extraordinary meeting was ably heavier owing to increased as- aessments, 靄 likelihood

I shall be pleased to enacted by popular stage stars. I fore- shadowed last year.

answer any questions you may do- may mention that this Theatre is purpose of considering the following one of the first theatres in China The Hon. Mr. T. N. Chau, in to introduce first class British

"That there shall be added to talkies.

Article 71 of the 'Articles of Asso- seconding the proposal, said:

ciation of the Company the words:

years,

I will be observed, that a note has been inserted in the Assets side of the Balance Sheet to the effect that we are committed to further payments under Contract amounting to 292,014. This figure represents the balance of instal- ments on the new turbine, boilers,

and steam range, comprising our new plant, and should, I feel, ap- pear in the Ealance Sheet,

A new item also appears under the heading of Goods in Transit, $80,599, which represents turbine plant in transit at the date of the balance sheet for which our Lon- don Representative had paid, and

drawn on us,

out in any way impairing efficiency. their pictures can be evidenced by beat of my ability, any questions

WA

British Pictures.

ask.

Seconded by Dr. E. W. J. Sun and carried unanimously.

place before you and with this I that the people in this British Fleming

Your Directors soon realised Messrs. Percy Smith, Seth. and

were re-elected Auditors

am sure the Shareholders would Colony would much appreciate Bri-at a remuneration of $600 on the like to associate themselves.

tish pictures; consequently, they!

seconded

sire to ask.

Mr. Chairman and Gentlemen,

This year, in addition to the

seconded by Mr. Mok: Hing-seung.

Resolution:-

"but the Chairman shall receive

I have listened with great inter-above mentioned three well known! cat to the speech from the Chair Film Companies, we have also and I would like to offer my con-secured a selection of "United double remuneration.” gratulations to the Directors, Artists" pictures, including their Hodgson and seconded by Mr. Wong It was proposed by Mr. P. M. Agents and Staff on the excellent principal film "Palmy Days". Our Kwong-tin and carried nem. con. results of last year's working. In reason for showing films other view of the low level of Exchange than those from the three com

"Attendance. Those present at both meetings

and the consequent advance in the panies already mentioned, is that were the Hon. Dr. S. W. Te'o cost of coal, machinery and stores the public may like an occasional (Vice-Chairman), Messrs. Chang etc. the increase in the nett profit is change of pictures, as we are al-Fat and Liang Chi-hao (Managing highly satisfactory.

ways anxious to satisfy the vari-Directors), Li Jow-son, Sum Pak-

As you stated, Sir, I think the ed tastes of our large patrons.ming, George Sun, Yau Kwai-lup, higher output and the large Increase While giving special attention Chang Kwai-lin, Wong Kwang-tin, in the number of consumers are to the selection of good pictures Chol Wai-hung, and Chang Kwal-on You will notice under the head features which must appeal to for exhibition, we have not neglect (Directors), and. Dr. E. W. J. Sun ing Motor Cars and Lorries, which Shareholders as an indication of the ed to cater to the comfort of our and Messrs, P. M. Hodgson, Chow appeared in last account at steady progress of our undertaking, patrons. Indeed, it is the first Tung sang Sun Jus-yow. Chang $2.761.81, there has been an expen- The proposal of the Board to almof the management of this Cheong, Mak Hing-seung, and Hung diture during the year of $25,781,82, write, off obsolete plant appeals to theatre to offer the best service So-yin (Shareholders), AS This is due to the purchase of a me as a wise and proper course and and comfort to its patrons, and fleet of lighter typo commercial will, I feel suro, mes: with the ap would value their co-operation and held on April 18...

A confirmatory meeting will be

CENTRAL THEATRE

TEL.

25720

SHOWING TO-DAY AT 2.30, 5.15, 7.15 & 9.30 p.m.

The Latest 1932 United Artists Super-Special Feature. SHOWN FOR THE FIRST TIME IN THE FAR EAST.

Come On/LET'S GO /

Here's a lickety-split loop around this. cockeyed globe with daring, dauntless, happy-go-lucky Doug! New enter tainment as Epic an event as the birth of

the talkies! Hailed by press and public

as 'Doug's greatest screen achievement!

23,000 MILES OF LAUGHS, GAGS, THRILLS and ROMANCEI- Sail the clouds... hurdle oceans...leap continents ... meet kings and poten. tates to the clamoring roar of millions

...

the joy ride of all times!

AROUND the WORLD 80 MINUTES with

m

Douglas FAIRBANKS

ALL THE WORLD HIS STAGE! CONTINENTS HIS PLAYGROUNDI UNITED ARTISTS PICTURE

You've to spend thousands of dollars and waste many months' time before you can travel around the world, but with Doug's introduction, it only cost you $1 or $2 and save you a lot. of trouble, too. All you need is to sit in relaxation on a comfortable chair and allow Doug to conduct you to trot all over Japan, China, Slam, Indo-China, Hawaii and the Philippines to see and hear the countless strangest facts, strangest sights and strangest incidents that you'd never have a chance even to dream of. You will see the appearances of the King and Queen - of Siam, the Maharanee of Cooch-behar, Dr. Mei Lan Fang, the greatest female impersonator, Aguinaldo, the famous leader of the Philippine Insurrection and other rulers and leaders of various countries. You will also see the queerest dances displayed by the Cambodian dancers and actresses and by the Siam Royal Palace Dancing girls. Other fascinating features are too numerous to enumerate. IT IS FULL OF THRILLS, LAUGHS AND AMUSEMENTS.

- ADDED ATTRACTIONS

Gaumont Sound News No. 28 & Sound Mirror No 63 SPECIAL PRICES OF ADMISSION FOR TO-DAY

DRESS CIRCLE'. க

$2.20

UPPER CIRCLE $1.00

-

BACK STALL $1.50 FRONT STALL

-

$1.00

CHILDREN · HALF PRICE

SERVICE MEN TO BACK STALL - - $1.00

(including tax)

NEXT

CHANGE

SHE STOLE WHAT WAS ALREADY HERS!

ANOTHER in the silence of the night she came ...alone...to keep a rendezvous with love this woman of ice who turned to fire...and left her precious pearls in payment for caresses that were”. freel A woman who feared love —but was brave enough to stealál

1932

UNITED

ARTISTS

LATEST

SPECIAL

FEATURE

SAMUEL GOLDWYN.

presenta

SWANSON

TONIGHT NEVER

·BASED TÖN “AS. DAVID BELASCO'S GREAT STAGE: SUCCESS

UNITED ARTISTS, PICTURE

ANOTHER

1932

UNITED

ARTISTS

LATEST

SPECIAL

FEATURE

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