1934-03-05 — Page 7

MONDAY, MARCH 1934.

Telephone Company's Satisfactory Year

¿Continued from Page 3)

Big Increase In Nett Profit.

for which it was created, namely,

It will be noted that the nett the amortization of the paid-up capi-{ profit shows an increase

of $80-tal over the period of the franchise,

shareholders

986.89 over the figures for the pre- and at the Extraordinary General ceding financial year, and I feel Meeting held on November 28, 1933, confident that

will made reference to the success agree that such increase reveals which had attended your Company's highly satisfactory condition of af-representations to the Government, fairs, more particularly having re whereby as from the January 1, gard to the somewhat difficult times 1934 the appropriation under this through which the Colony is at pre-heading will be increased from sent passing. In the circumstan- $50,000 per annum to $170,482 per ces, I need hardly add that it was annum, thus effecting provision-on only after nature consideration of the basis hereinbefore indicated-in future prospects that your Diree-the matter of the present Authorised tors arrived at the decision that Capital. the financial position and stability

to

of the Company was such as warrant the recommendation that

Considerable Overall Appreciation.

On the Assets side of the Balance:

an Increased distribution to share Sheet, you will observe under the holders be -effected, Therefore, appropriate heading 'htat your In- subject in your approval, a Final Di-vestments continue to show a con- vidend at the rate of 8 per cent.siderable overall appreciation, which making a total of must be a source of gratification to per annum, 12 per cent for the year, or 2 per shareholders; the actual position is cent higher than for the previous that the purchase price of the com- finorriol year, will be distributed. lined Investments is $103,207.19 un- It is interesting to note here, as ander the ruling market value

of indication

the expansion | December 31, 1933. business

which

your

has

un-

on

THE CHINA MAIL.

New Jap War Chief LOCAL NEWS BREVITIES

Gmoral Sanforo Hayashi

Following the resignation of General Sadno Áraki us Japanese Minister of War, General Senjuro Hayashi. Inspector General of Military Education, has been ap- pointed to the important Cabinet While a grim soldier and a Stanch patrolt, the

War Minister is believed to be much more conservativè than his pre-

decessor.

In

new

the

The Servicemen's Dance will be!

The Quarry Bay Spring Festival held at the Y. M. CA. to-night at will be held at the School, on Wed-

{nesday, March 28, at 11'a.m.

19 pm

The Kowloon Union Church Ju venile Choir Practice is this even- Ing at 6 p.m.

The Marine Engineers' Guild of China will hold their meeting at 67, Des Voeux Road C., to-day at 5. p.m.

The reception arranged for Mr. Kenneth MacLennan, at the Cathe- draf Hall on Wednesday, has been cancelled.

The P. & O. liner 8.8. Ranchi left Singapore on March 3 at noon, and is due to arrive in Hong Kong, at about 9 am on March 8.

Sun Tun, a Chinese girl ́nged` ́7,| was taken to the Government Civil | Hospital as a result of being knocked down by car No. 639 in Shaukiwan West yesterday.

The total number of newspapers and periodicals in China that have been registered with the Ministry The Nanking Ministry of Fin-of Interior up to the end of last ance has issued a report showing

year is 3,331 Shanghai leads with last year's imports as $1,300,000,000 461. and exports $600,000,000.

•

Pleading gulity to the charge of Warsaw is planning to hold the theft of a radidator cap. Chau' celebration shortly in commemora Yat-fat, unemployed, was sentene- flon of the fact that it has been led to three months' hard labour, the capital of Poland for three cen- by Mr. E. W. Hamilton at the tories.

Central Magistracy this morning.

At the next meeting of the Kwong Sun, 39 Stanley Street, Rotary Club, to be held to-morrow, was taken to the Government Civil the speaker will be Mr. K. B. Vaidya, Hospital yesterday, suffering from B. Com. His subject will be "Mis-poisoning caused by an overdose of conceptions about India."

sleeping powder.

The .s. Empress of Asia left

On Wednesday next, at 8.30 p.m.. Yokohama on Friday, and is due at

a recital of Rudyard Kipling's Vancouver, B.C., on next Sunday. poems will be given at the Sailors' She will leave Vancouver on March and Soldiers' Home by the Ho 24 for Hong Kong, arriving hers on Sir Henry Pollock, K.C. The April 11.

Mok Sun, 46 Lockhart Road, was taken to the Government Civil Hos

a

Chairman will be Captain Frank Elliot O.B.E., R.N., the Commodore) in Charge, Hong Kong.

+

Your Company, as you will ob- derpone since the inception of the serve, is in a very sound cash posi

the nett tion. Company that, wher

I must point out, however, profit during the first complete that included in the balance shown year's working, namely, for the year as st December 31, 1933 are the 1926, amounted to come two lakhs, receipts amounting to over $600,000 the net profit for the year under from the new share issue, payments

opinion my

dignity pital yesterday, suffering from Pleading guilly to a charge of review amounts to well over three in respect of which were made onlar importance of this Colony, cut over the left eye which he al-theft by ballee of a mah Jong set,

December 30, 1933. times that figure.

Furthermore, both geographically and com-leges was inflicted by a coal coolie

Lee Kwai, unemployed, Was sea- Turning

the Balance payments of instalments on the Au-mercially, warrants that, in rela-of the same address.

tenced to one month's imprison-. Shoot, you will observe by a perusal tomatic extension equipments fallition to international communica of the liabilities side thereof, that due early in 1934, and, in addition, tion by telephone, urgent attention Chan Te, a Chinese woman, was ment by Mr. E. W. Hamilton, at the Central Magistracy this morn- to the Kowloon Hospital the position shown under the head- $400,000 will be required to meet should be given to this matter, and taken

ing.. Defendant hired the set. ing Share Capita?" reflects the in the commitment in respect of the trust that the project to which I yesterday suffering from concus crease in the Authorised Capital Final Dividend.

have just referred will be pressed sion and minor injuries after at-giving the wrong address, and fall- forward to completion with the tempting to alight from a moving ed to return it,

approved by Members at the Extra- ordinary General Meeting held for this purpose on November 28, 1983.

the installation of

extensions

Extensions To Automatic Exchanges.

I am pleased to report that the

utmost expedition.

Appropriations Recommended. There being no further matters I now beg

by

bus in Nathan Road.

07)

Three unemployed Chinese,

In this relation you will no doubt extensions to your Automatic Ex-

The Rs. Empress of Japan arrived Cheung Po-kung, charged with at- recollect that in addressing you from changes, which were proceeding at calling for comment,

at Vancouver at noon on March 3, tempted armed robbery, Fong Kwai, charged with being in unlawful pos the Chair at the last Annual General the end of 1933, have since beca formally to propose that the Re-10. She is due to arrive in Hong and will leave that port on March

Bession of a loaded revolver and 12 Merting I foreshadowed the possi-successfully completed and now form part of the Directors and Accounts Kong of March 30, and will leave rounds of ammunition, and to bility of further capital bring a valuable potential source of fur-for the Financial Year ending the same day for Manila.

Chung, charged with attempting to quired at a relatively early date 10 ther revenue from progressive deve-December 31, 1933, as presented, be

draw a loaded revolver to resist his take care of the rapid expansion of toponent. In this relation, notwith-adapted, and that the following

Lockhart Rond your undertaking in the financing af standing the depression from which appropriations, recommended

An exhibition of dancing will be arrest at 60

Saturday last, were all brought be- given by the pupils of the O'Keefe-! 10 the Colony your Automatic Exchanges, and to period under review, it is satisfac-the Balance Sheet be carried into the King's Theatre at 5.10 p.m. on Upon the application of Sub-inspec suffered during the your Directors, as incorporated in Montgomery School of Dancing in fore Mr. E. W. Hamilton at the Central Magistracy, this morning. proceed with the currying out of tory to observe that your Company jeffect, namely:- of her contingent capital works. has been able to record a further Payment of During the financial year under re-nett gain in the number 01 view, your Directors continued to connections. in addition to which scrutinise closely the position of some 3,000 circuit miles of under- your Company and concluded that ground cable and covered distribu-Transfer the time had arrived when the

tion were laid down in the process; necessary action should be taken.

New Issue Of Shares.

tial to any

new

dend of

7

Finnl Div{-

cents

share on Old Fully Paid- up shares (making 12 per cent. for the year) ............. -$400,000.00

to General Re- serve (bringing zome up to $425,000)....

of making service readily available) Carry forward to next to un increasing number of sub-j scribers.

You will be gratified to learn that

Account

raised.

Tuesday. Judging by the dress re- hearsal on Saturday morning, this tor Nolloth, the accused were

manded for 48 hours. promises to be a first-class display.

The Hong Kong University Arta Association will hold 3 50,000.00 debate with the Medicals in the Union Assembly Room to-day, 160,280.25 5th of March, 1934, at 8.30 $600,250.05 The subject is that "Co-education” is.

When fire broke out in 3 two corner of storey building at the Kalung and Wongchuk Streets, Shamshulpo on Saturday night. twelve Chinese were trapped in the upper floor, being rescued by the Kowloon Fire Brigade.

As you are aware, the maximum amount of capital which can be em- ployed from time to time in your the Canton Trunk Service is becoin- and I shall be obliged if a share-a success in this University. business is scheduled in the Tele-ing increasingly popular and that holder will kindly second such pro- phone Ordinance, and the consent of the traffic carried by the Trunk Posal, whereupon questions as to the Governor in Council is casen Lines for the period under review the Report and Accounts may be

increase contemplated was considerably greater than that heyond the figure specified for the for the preceding year. In this Tribute To Technical Staff. time being; consequently, 息 case connection I would like to record the Mr. G. C. Moxon, in seconding was prepared and presented to the Company's appreciation of the close the Chairman's report, said: Government and after investigation co-operation afforded by the Canton

"I am sure we have all listened and due consideration of the post- Administration in the operation of with attention and satisfaction to The Asta Electric Co., Fed., Inc., tion, permission was granted to in-this service, as evidenced by the the interesting speech

|U.S.A., har opened in Shaughai „n crease the Authorised Capital from efficiency and reliability with which just heard from the chair. $5,000,000 to $7,500,000.

it has continuously functioned since jsider the both the management and plant for the manufacture of elec The new shares were offered to September 1, 1981.

shareholders are to be congratulat-tric fans, airport lighting equip

30, 1933.

wye

have

I con-

Hong

celvers, flashlight batteries, motors and generators. The company was

NEXT CHANGE

Born with a Silver "Croon"

· In His Mouth

-existing shareholders in the ratio of Teleprinter Installations. ed on the record of progress dis-ment, radio transmitters and re- one new share for each two old The advantage of Teleprinter closed. shares and the first call of $2.50 per working in certain specialised busi- "The increase of yearly appro- share became payable on December nesses is becoming increasingly appriation to amotisation fund from started less than three years ago by a group of men with faith in the As your Directors anti-parent and several new installations $50,000 to $170,482 is, I am sure, future of electricity in China. cipated, the new issue was complete- were put into operation during the wise and necessary step. ly successful.

year under review.

Kong seems to have lagged behind Subscription Rates Unchanged.

In May your Company staged a neighbouring cities such as Manila Before leaving this subject, I telephone exhibit at the Empire and Shanghal in the matter of would like to make it clear that, Fair held in the Pennisula Hotel, long-distance telephonic communi- notwithstanding the increased earn and I think that any shareholders cation, and I am glad to hear from ings required to meet dividend com- who visited this exhibit will agres the chairman that this important mitments on the augmented capital, with me that the staff is to be con- matter has not been lost sight of. your Company does not propose to gratulated on the excellent showing quite agree that the dignity increase the rates of subscription: which made the Telephone Com-and commercial importance of this on the contrary, every endeavour pany's section the chief centre of Colony should spur Our Govern- will be exercised to maintain these attraction, and afforded an oppor- ment to push on with all possible at the present low level at which tunity of demonstrating to the despatch the operation of com- they have consistently remained over public special facilities in communi-munication by telephone with the a period of years. It might be op-cation service of the availability, of outside world.* portune here to remark that sub-which they might be unaware. scription rates still remain at a

* Radio Telephone Link. » figure substantially below that With reference, to the matter of tions to our technical staff for have which the Telephone Commission de- the establishment of a radio tele-ing provided Hong Kong with the termined, as equitable in 1022 and phone link, enabling subscribers in most efficient telephone service I this, notwithstanding the heavy ex-Hong Kong to communicate with have yet encountered. penditure which your Company has those in practically all other coun Directors Re-elected. incurred in converting the whole tries in the world, I am given to un On the proposal -of Mr", Frank system to Automatic working, and derstand that, although the negotia-Austin seconded by Mr. S replacing overhead lines by under tions, with the imperial and Inter, lamson, the Hon, Bir ground cables.

national Communications, Ltd., ichow and Mr General Reserve will stand at which I referred from the Chais

re-elected a $425,000 if you approve your Dired the last Annual Meeting,

Lowe Binghan ters recommendation that the sum discontinued!

of $50,000 be appropriated thereto approaching the subject

Addressing you at the last Annual other angle and I think it can Meeting I explained it that your da

Directors were fully aware of the

indequacy of this appropriation for be available to Honf

the fulfilment of its speciñe purpose users some time in?

I think I shall have your sup port if I offer, sincere congratula

re-1

RUGS

CARPETS.

OUR SHAMPOOING PROCESS RESTORES THE ORIGINAL COLOURS.

ROLLS OF DIRT TAKEN AWAY ROLLS OF CLEANLINESS BROUGHT BACK.

+

THE STEAM LAUNDRY CO.

The Largest Sanitary Laundrymen. Dyers and Drycleaners in the Far East Head Office & Works, Mongkok, ei

60; Queen's Road Central.

27, Nathan Road.

336, Nathan Road.

Peak Hotel Depot,

药强型外

TAL, 57082. "21275

PHOTO SUPPLIES.

Cameras Films, Plates, Papers, etc. Developing Printing, and

Enlarging.

AT 24 HOURS' SERVICE,

A Trial Order is Solicitad

THE KWONG KWUI CO LTD.

74, Quero's Road Central, Hong Kong.

Tel.: 22170.

HONG KONG BENEVOLENT SOCIETY.

The Committee of the above Society would be most grateful if those interested in fts work would kindly send in their donations or subscriptions,

Money is urgently needed and funds are very low. No amount is too small, and will be most thankfully received by the Hon. Treasurer.

MRS. E. I. WYNNE - JONES,

161, The Peak.

An Invitation!

cool.

An Invitation to fragrant smoke pleasing t

to the taste and to the throat.

KING'

Embassy

CORK LIPP