1937-03-10 — Page 4

Page

ALHAMBRA

TÜ-MORROW

New Universal

Picture.

زد

OON • DAY HY? K7 2.30-320-230] - 9.33*TEL..

FINAL SHOWINGS TO-DAY

Lobby BREEN

will thrill you again when be sings again in

RAINBOW ON THE RIVER

MAY ROBSON CHARLES BUTTERWORTH

Benita Huma, Alan Mowbray, Louise Beavers, Henry O'Neill, Marilyn-Knowlden, and The Famous "Hall-Johnson Choi

"FLYING HOSTESS

99

with Wm. Gargan Judith Barrett Wm. Hall

IF YOU ARE TOO BUSY TO WRITE HOME

Just Post a Copy of the Overland China Mail which gives all the News there IS

Both Local and Coastal

DONT

THE CHINA MAIL, MARCH 10, 1937.

REPULSE BAY LIDO'S SUCCESS

REALTY.COMPANY

MEETING

last reported, but a marked apprecia- tion is shown in the market values, the this connection

That the Lido paid its way last increase recorded in

being approximately $221,000, indica- year despite frequently unfavour-

tive of the farmer tone which prevailed able weather conditions was an-in the Local Share Market during the nounced by Mr. T. E Pearce, pre-year under review. siding this morning at the annual With regard to the notation appear- meeting of shareholders of the ing in the Balance Sheet setting forth which the Com- Hong Kong Realty and Trust the expenditure to

pany is committed in the amount of Company, Ltd.

$152,000 covering RB Lots 366 and In the course of his speech, Mr. 367. I would explain that of this Pearce stated that the profit for the amount, the sum of $120,000 is in year under review amounted to respect of Building covenant require- $9,554.26, which, added to the amount ments and the balance of $32,000 is of $46,107.54 - brought forward from payable as a contribution towards the the preceding year, makes available cost of certain Government. works- for appropriation the sum of should such works be subsequently $55,661.80, which your Directors re-undertaken. -In view, however, of the commend be carried forward to next fact the Company has expended a sum year's account.

far in excess of that stipulated in re-

LÍDO SUCCESS

The profit for 1936 is approximately spect of RB. Lot 368, it is the inter- $14.000 lower than the previous year, tion of your Board to apply to Gov. in which connection perusal of the ernment for a revision of the covenant credit side of the profit and Loss Ac-attaching to B.B. Lots 366 and 367. count shows that revenue by way of Dividends on Investments declined by $1,000 on comparison with the year

The "Lido" at Repulse Bay has now 1935; the absence of any mention of

a full year's working, experienced rents received is accounted for by the with the result that apart from de- transference of such working income

preciation charges--the revenue ac- to its proper place and is included in erged has been sufficient to meet the the Balance of Working Account

figure. Bank Interest charge expenditure, a position which can be creased by some $6,300 due to the considered not unsatisfactory in the such an enterprise, comparative higher overdraft carried establishment of

weather conditions throughout the year. Depreciation has particularly so as increased by $5,300 over the 1935 at times during the past Summer pre- to the cluded a full measure of patronage be- figure, which is attributable provision in that respect on the "Lido" ing accorded the resort. Charges were Asset, a charge which now appears for

the first time.

reduced during the Summer, and the prices now charged are extraordinarily reasonable for the accommodation pro- vided and the excellent catering service available. Revenue in the Winter at months has considerably exceeded that as that of the comparative months of last

INVESTMENTS RISE

"Investments at Cost" appear practically the same figure

WRECKED

SAFETY

FIRST

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WRECKING YOUR HEALTH

When Headaches, Pain, Colds, 'Flu or numerous other minor ailments attack you, you need quick and speedy relief. Don't take chances. Play safe with medicine. Avoid any risk of dangerous after effects on your system by refusing to countenance medicaments containing powerful drugs, narcotics and potent nostrums. You can obtain quick and speedy relief with "ASPRO." It is pure medicine and conforms to the standard of purity laid down by the British Pharmacopoeia (the guiding authority of the Medical Profession). Furthermore, ASPRO neither harms the heart. nor stomach. “ASPRO has proved its safe and speedy action by positive

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Is SAFE BECAUSE IT IS PURE

Winter, which would appear to indicate that the "Lido" is becoming better known to visitors passing through Hong Kong, resultant upon the exten- which the sive advertising efforts

the Company has made outside Colony.

-The Company's bungalows at Ee- pulse Bay have been in great demand during 1936, and at times there has been a waiting list. This is mainly attributable to the vast improvements effected in the surroundings which be come possible on completion of the Lido Scheme. As opportunities have occurred, thorough renovations, have been carried out in these buildings, which also have had the effect of at- tracting tenants. In this connection I am pleased to add that the 1936 re- sults show an increase of $3,000 over the previous year's earnings.

Your Board regret that the result for the year under review does not. permit any recommendation for a dis

It is re- tribution to Shareholders. cognised that prevailing circumstances call for conservation of the Company's cash resources". and make necessary the curtailment of expenditure where possible; in the latter relation mea- sures already have been taken to re- duce Administrative Expenses by enrent yeRT, whitst $5,000 for the

your Directors have reduced their fees from $1,000 to $600 per annum.

Mr. T. E. Pearce was in the chair, supported by Hon. Sir Shou- Son Chow, Mr. John Fleming, Mr. P. K. Kwok, (Directors), Mr. J. H Taggart (Managing Director) and Mr. FC Barry (Secretary).

The following shareholders were also present: Messrs. P. C. Potts, P. H. Suckling, C. C. Blake EM D'Eca and E Kitchell.

the Mr. C. C. Blake seconded adoption of the report and ac- counts were carried unanimously.

OTHER BUSINESS

Sir Shon-Son Choov and Mr. John Fleming were re-elected to the Board of Directors on the propos- al of Mr. P. C. Potts and second- ed by Mr. P. H Suckling.

Messrs Linstead and Davies re-elected auditors for the ing year at the sam Temud- son as last year on the proposal AZ EM DEca and seconded Mr. E. Kitchell,