1934-03-14 — Page 7

WEDNESDAY, MARCH 14, 1934,

Hong Kong Electric Company's

Rope Manufacturing "Company, Ltd. -

SATISFACTORY WORKING:

REPORTED.

Closing of Night Clubs Causes

Rent Decrease.

Annual Meeting

Obsolete Plant To

AMG..

Be Scrapped

The fiftieth annual meeting of MORE LAND AT NORTH POINT

the Hong Kong Rope Manufactur

ing Company, Limited, was held this morning at Sa, Des Voeux

.Road.

Those present were, Mr. A. L. Shields, Chairman, Messrs. J. P Braga, S. T. Williamson, M. H.. Turner, Directors, Mr. J. Coult. hart, Secretary, and Messrs. Toppin, J. W. Shewan, W. Zimmern, W. McLean, C. W. Cole, A. C. Greave, N. V. A. Croucher, K. C. Mark, II. Dreyer,

J.

H.

THE CHINA

"Looking to the future, although there is every indication of considerable expansion in our power load, I do not anticipate any: appreciable` increase in lighting for some time to come, and in order to maintain our satisfactory results we must rely for the present more, on. economical working than on a large increase in revenue. To effect this it is essential that we keep our Station

up-to-date in every respect, which means scrapping obsolete plant and replacing with the latest machinery. In this connection we Lanticipate heavy expenditure during the next year or two. We are also committed to the purchase of more land at North Point which is required for storage purposes and possible Station exten- F. J. Tavares, Yung Yan, Wongsion," said the Hon. Mr. C. G. S. Mackie at the forty-fifth annual Kit-wan, Chan Sui-yai, So Put general meeting of the Hong Kong Electric Company. Lid.. this then, Li Sau-nam, and Wong Tui- morning.

fun.

the

"Before proceeding with business of this meeting. Mr. A. L. Shields. said, "I wish to record the great lose which this Company bus suffered by the death of my predecessor in the Chair, Mr. Robert Gordon Shewan."

the meeting said: ---

for ever

20

New Higher Pressure Boiler,

Barnm Nakafinum payla Bacause be condoned the action of Shogun Takufi, who dethroned Em- peror Godalgo in 1887, fu'à 'maga» ⚫zine article he wrote a decade ago, Baron Kumakich! Nakajima, was ousted from his post of Minister of Commerce of Japan, although he „vowed his views had changed since

be wrote the article. *

ASPRO as a GARGLE for

SORE THROATS

HERE are few people throughout the ́

T world who are not, acquainted with the

virtues of "ASPRO" in relieving pain--- stopping Colds-Flu and Rheumatic attacks at inception. Many, however, do not know how to use "ASPRO" as a gargle for Sore Throats. Two "ASPRO" Tablets in four tablespoonfuls of water make a very effective

5 MINUTES

FOR RELIEF WITH

'ASPRO

It gives

ASPRO BRINGS SWEET SLEEPY TO THE SLEEPLESS

have in mind. Even on an increased The forty-fifth ordinary yearly The Profit on Working is slightly Capital, whilst we may not be able meeting of shareholders of the more than last year and you will to guarantee the generous bonus Hong Kong Electric Company. Ltd. notice there is little change in the proposed this year, we have every was held at the Company's Offices, | Profit and Loss Account. On the confidence in being able to maintain P. & O. Building, this morning. debit side there has been an in-a steady dividend. At the same The Hon. Mr. C. G. S. Mackie jerease in the Interest on Deposits time we never overlook the fact that (Chairman of Directors) presided, due to the large increase in the De- this is a public utility company, and Mr. Shewan was intimately co Shouson Chow, Kt., Mr. T. E. Debts show a small decrease on last consumers, who, I trust, appreciate safe, effective and definite

and was supported by the Hon. Sir posit Fund. I am glad to say Bad that our first duty is towards our There is nothing indefinite about

'ASPRO. Its service is QUICK nected with the affairs of this Pearce, the Hon. Mr. J. J. Paterson year's already small figure and that they are given rates for light you relief in 5 to 10 minutes and then was Company from its Inception fai Mr. d. P. Warren (Directors), and amount to only 17 per cent. of the and power which compare favour-rees on to dispel or dissolve the cauet 1883, and was Chairman of the

Mr. J. Douglas Butcher (Manager), gross revenue.

pain, Consulting

allowing Committee, and

ably with those charged elsewhere, of the the

Shareholders were represented by The Nett-Profit shows an Increase

its own cura. Furthermore, you Board of Directory

Staff Praised.

ret no harmful after-effects from Messra. N. M. Currie, period of 40 years, The Board

J. H. R. of $27,070.

It affords me much pleasure to ABPRO, as it is speedily eliminated and. I am sure, the Shareholders Hance, Law Sze, A. W. Hughes (re-

Turning to the Balance Sheet, on refer again to the good service given from the system a few hours after be ing taken. It neither dopes, deadens regret the passing of one who was presenting Union Insurance Society the Liabilities side Consumers' Le-by our Staff during the past year.

nor drugs. at all times a wise conseiler, and of Canton, Ltd.). Fung Kong Un, posits have increased by $96,876, and Our Manager, Mr. Butcher, was at who was largely responsible for Frank Austin (representing A. J.Sundry Creditors have increased by, home on leave, and a considerable David), W. J. Keswick, A. Steven- $32,149 as a result of the arrival of portion of his time was occupied in the success of the Company.

Chairman's Speech.

son fru Kam Hang, B. Wong coal shipments at the end of Decem-the Interests of the Company. Mr. Mr. J. Coulthart, the Secretary, Tape, C. A. L. Rickett, W. H. Choy, ber

Sorby carried on the work here havlug read the notice convening F. L. Brown, Chua Seng Choo, Li

very satisfactorily during his ab- the meeting and the Auditors Re- The Fong. Leung Fattin. Lo Kal On the Assets side, Plant has in-sence and has now gone on a well- port, Mr. A. L. Shields addressing Wing. H. R. Forsyth representing evenned by $242,143, expenditure on earned holiday,

There are many thousands of people | Messra. Linstead and Davis, Charter-the new high pressure boller which

I now being to propose that who now have sweet, peaceful sleep. Gentlemen:-The Report and ed Accountants. (Auditors) and J.is. at the moment, about to be placed the Report and Statement of who hitherto hardly knew the mean..

M. Jack.

on the general load of the Power Accounts for the year ended De-ASPRO

of . period of restfulness. Accounts for the year ended

has brought about the December 31, 1933, having been ini The Manager having read the Station.

cember 31, 1933 be adopted.

transformation by its sweet soothing your hands for

It will be seen that the Buildings the prescribed notice convening the meeting, the

When this has been seconded If influence the nerves, and breaking. period. I will, with your permis-Hon. Mr. C. G. S. Mackie, the Chair-and Plant headings show only shall be pleased to answer to the up of local feverish conditions.

TWO tablets before retiring is the usual man said:-

small increase although there has beat of my ability any questions dose. The Grass revenue amounts to Gentlemen-The Report and State been a heavy expenditure during the you may desire to ask. $96,166.12, and, after deducting ment of Accounts for the year end-year. The additional outlay is Confidence In Future.' Directors and Auditors Fees, Deed Dezember 31, 1933, have been in largely offset by depreciation of the Mr. A. W. Hughes, in seconding] preciation. Interest and Commis-your hands for the prescribed period, uld Plant and Buildings.

the proposal said:Mr. Chair- sion to Generul Managers, there and, with your permission. I will Sundry Debtors have decreased man and Gentlemen, t remains a nett profit of $56,255,20 take them as read.

by $61,286, owing to the reduction

It is a pleasure to be asked for the year. This amount added The Nett Profit, after providing of the amount in the hands of our second the adoption of a Report: to balance carried forward from for Depreciation, is $1,884,856.58, London Representative, and the jand Statement to Accounts such as the previous rear makes the sum and, with the sum of $156,622.34 bulunce in General Consumers' ac-those presented to Shareholders at available for appropriation $143,-brought forward from last Account, counts.

this Meeting, and I offer my con-

Twe simple methods of giving 'ASPRO I do not think there are any fur-gratulations to the your Directors re-we have a sum of $2,041.479.49 for

to the kiddios are: (1) with

a little commend be denit with ful appropriation, and with this we pro-ther points in connection with the Agents and Staff on the year's re-milk or (b) break the tablet up and

Accounts which call for comment. sults.

administer in a teaspoonful of jaz Future Expansion.

The continued Increase in units The dosage is: Children & to 6 years, tablet; 6 to 14 years, 1 tablet; 14 Looking to the future, although sold is a very healthy feature into 16 years 15% tablets. 'ASPRO" like there is every indication of con-four business, and this factor, com- any other medicine should not be 225,000.00 siderable expansion in our power bined with the high efficiency of given to babies under 8 years of age 500,000.00 load, I do not anticipate any appre- the modern plant now installed, without medical advice.

clable increase. In lighting for some enable all Shareholders to view year your me to come, and in order to main-the future of the Company with

we complete confidence. satisfactory must rely for the present more on I agree entirely with the sug-| in due to a sum for legal expenses Balance Sheet, and I trust our re-economical working than on a large gestion of extending the policy of in connection with the revision of

incfèras in revenue. To effect this (investing idle funds in certain lo

sion, take them as read.

672.24, which

lows:-

Tu pay

livin of 35

4.4

cents per share, absorbing $ 70,000.00

To carry forward to credit-

DOSE***

Te pay a dividend of $2.50

per share absorbing $1,125,000,00 To pay a cash bonus of $0.50 per share absor- bing $143,672.24 To place to Reserve

of next year's recount. $ 73,672.24

The accounts as presented call To carry forward to next

for little comment. The difference

Account......

101,479,40 In spite of a difficult

of $2,264.16, as compared with the Directors are pleased to be able once tain our satisfactory results

figures in the preliminary report, again to present

commendations, relative to

appro

to

Directors

the Articles of Aszurialion, and cer-priations from the balance standing it is ess@hilal that we keep ourical shares and I feel the choice of

certan amounts paid subsequent to the date of the above notice, hete the credit of Proft and Lou Ac-Station up-to-date.In every respect, jame can be safely left in your ing written back from the 1934 to count, will meet with your approval, which means scrapping obsolete hands.

the 1933 account.

Increase In Units Sold. plant and replacing with the latest I am quite sure that share- The continued and steady annual machinery, In this connection we holders will approve thé Board's Depreciation of $2,249.85. increase in the units sold must be anticipate heavy expenditure during decision to increase the cash bonus Depreciation on Buildings, Plant a source of great satisfaction to all the next year or two. We are also pafé in 1982, which appears fully and Machinery has been calculat-concerned. Another matter calling committed to the purchase of more justided on the consistently good ed on the usual basis, and Stocks for favourable comment in that the land at North Point which is re-figures that have been before us and Stores taken. in at cost or installation of modern and quired for purposes and in recent years. under. The Company's invest- dute machinery has enabled the possible Station extension. Allowance for deptéelation in an ments have been written down to Power Station to generate nearly To meet these heavy charges T undertaking such as Girs should market value as on December 31, 2% million more units with a de- think it more than probable that it be on a generous scale and I am 1988, a depreciation of $2,249,85, crease in the fuel consumption of will be necessary, to call up our pleased to see ample provisiós is

Apart from the items I see no no less than 2,550 tons of coal. un-issued Capital, as and when re-made under this heading. thing that calls for comment,

The figure provided for Deprecia quired, and I consider that this is I am pleased also that you haye When addressing you last year, tion is alightly less than that alle an opportune time to indicate to given some indication of the D- I stated that the decreased profit cated for this purpose last year, Shareholders what wour Directors (Continued on Page d) y la

was a reflection of the position of This is due to the fact that special] Steamship Companies generally provision was made in previous and the restricted demand caused years for the complete writing off Thy about 22 per cent of the of low pressure plant and switchgear: world's tonnage being laid up. No change in the usual generous These remarks, unfortunately, ap-scale of depreciation has been made, plied equally to our position dur

· · Bigger Investments, H ing the year under review," In ad- You will notico:a considerable in- dition to which we have had the crease in the amount of Investments: disadvantage of the higher level of Your Directors have followed the the, Hong Kong dollar. Except in principle of Investing a portion of Canada our product gela no bene idle funds in approved local shares, ft,from Empire, preference. Many and a corresponding Increase Rp- of our competitors have protec pears under the heading of incom tion in their home markets, and from this source. These funds compote with us on equal terms in would otherwise be lying. Hong Kong, the Straits Settle- Bank earning a very, nominal të men, the Federated Malay Stales of Interest per annum, and,

and India.

Reduction In Pro

I am pleased to

actual quantity of ou duri

this polley should be exter

foimd necessary.

The tross Earnin

than last

KOMOR

KOMOR

HONG KONG

York Building Chater Road;

ART & CURIO

HOW TO GIVE

ASPRO

TO CHILDREN

Granica

gargle, acting as a powerful antiseptic for Sore Throats because of its natural germicidal qualities. The reason why. "ASPRO”. has such quick action in banishing so many varied complaints is because, after Ingestion in the system, it is a powerful germicide and solvent of uric acid, is an anti-Pyretic or fever destroyer and is antiseptic anti- periodic and anti-fermentative,

THE HYGIENIC SANITAPE PACKING METHOD EXPLAINED,

- AM

THE "BANITAPE METHOD

* EXPLAINED.

com.

unerring regularity in waxed paper, divide the paper into separats partments, crimp each compartment so The plant consists of the heal ap tablet, fold the tapes, and finally wast that no air can find access to the to-date and elicient mechanical др

"

paratus, including a number of 'SANI- them through sprays of paraffin wax, TAPE machines, which seal the tablets effectively sealing the SANITAFE hygienically in specially prepared wax and rendering the tablets proof against damp, moisture and any form of con- paper compartments.

tamination. packing, and because of its through- This system is known as the modern HYGIENIC SANITAPE method of ELIMINATION OF HANDLING

The 'SANITAPE' method of pack by protective properties, ensures that

ing has a distinct advantage over the ASPRO retains its original high crude and obsolete system of hard standard of purity. This should serve packing. At no time during the pro- to commend "ASPRO' to all who sp cese of manufacturing compressing preciate the absolute necessity of purity and packing, do ASPRO' Tablets come In medicine.

In contact with the human hand, there-- The wonderful human-like 'SANI- fore, contamination from this sour TAPE machines are one of the most is entirely prevented, the tablets reach- ingenious and highly developed en- ing the consumer in the same perfect gineering triumphs of modern times, hygienic state as when they left the The machines wrap the tablet with tableting machines.

4

What 'ASPRO' Does:

It Stops Violent Head aches in 5 to 10 minutes 2 It Brings Sweet Sleep to

the Steepless. 31 Relieves Rheumat

wonc aight,

3410 Releva Children's

Growing Pains

5 11 Saves many a Sound Tooth by Removing Toothache,

6. It Bringe. Relief without.

causing sickness,, indir gestion or a craving. 7.14 Shops Pain willows harm-

ing the Heart

Ali aọothes away Irritablšty

9 A hot lemon drink with 2 'ASPRO' Tablets

or

will smash up a Cold or 'Flu attack in one night. 10 | Reduces "Temperature

in 5 minutes.

11 It can be taken at any time, in Tran. Train, at Home, at Business — anywhere -- everywhere.

12. It gives the greatest rebel ever, known to women at their. times of periódiesl depress sion.

13 Staps the !I) Alter-Eficcis

of Alcohol. 14) relieves Dengue and MT. aria by reducing the fever. 15 A Gargle, 'ASPRO" is won- derful for Sore Throats. Tonsilitis, ete

DODWELL & CO, LTD., Distributors.

THREE PACKINGS : — 5'8, 10's and 27's...

Carnation

PURE MILK ALWAYS FRESH,

"FROM CONTENTED COWS",

Most worden find that the convenience and economy of CARNATION MILK are scarcely second to its good. ness. They esp ally appreciate the fact that they can keep an an supply on hand without waste,-

Hout danger

for CARNATION MILK. the can until opened and for days after opening if placed in a cool, clean

EVERYWHERE

CONNELL BROS. COMPANY, LTD.