1938-03-24 — Page 6

Page

THE CHINA MAIL, MARCH 24, 1938.

NEW MODEL DAIRY TO BE

ALHAMBRA OPENED BY DAIRY FARM CO.

·TO-DAY AND TO MORROW SPLIT SECOND TO THINK!

FORTUNE'S WHEEL SAT HIM IN= JUDGEMENT OF HIS OWN CRIME!

The Jury's Secret

with KentTaylor FayWray = NEW UNIVERSAL PICTURE

SATURDAY

CLAUDETTE COLBERT "TOVARICH"

& CHARLES BOYER in

A Warner Bros. Picture

POPULAR SUCCESSES

FROM

THE LONDON THEATRES

ON

COLUMBIA RECORDS

DX 790-GOING GREEK DX 750--SWING ALONG DB1738HIDE AND SEEK DB1717-CREST OF THE WAVE DB1716-LONDON - RHAPSODY

DB1686-HOME AND BEAUTY DB1687 ON YOUR TOES.

DB1700-PAGANINI

THAT THE TURNOVER FOR THE YEAR CONSTITUTED A RECORD ALTHOUGH PROFITS WERE NOT COM ATE WITH THE VOLUME OF BUSINESS AND THAT THE QUES TION OF INCREASING THE PRICE OF MILK, HAD BEEN DIS CUSSED, WAS MENTIONED BY MR. T. E. PEARCE, CHAIR- MAN, AT THE ANNUAL MEETING OF THE DAIRY FARM, ICE AND COLD STORAGE CO., LTD., HELD THIS MORNING.

He also made reference to the Loss Account, Unclaimed Dividends coming retirement of the General transferred amount to $10,726.25 Manager of the Company, Mr. Ature for the year amounted to $413-

As just reported, Capital Expendi

Stevenson, who was leaving for 763.23. Of this, $155,375.68 appears The England at the end of the month,under Buildings and Property."

items concerned are the new Cold after some 35 years service.

Storage Wing at East Point, Cost of Mr. Pearce said:—

Kowloon Inland Lot 3871" and the Ice Store erected thereon, and four lines of married quarters for Farm Work- ers at Pokfulum.

The profit on Working amounts to $675,618.13, an increase of $14,215.91 over the 1936 return.

After depreciating fixed assets to the extent of $172,57814, and provid ing for Directors and Auditors fees there remains a balance of $514,568.45, which includes $73,484.03 brought for ward from last year's accounts.

+

A total of $239,33207 was expended on Ice Piast and Machinery. This in cluded Cold Storage Machinery for the new wing $110,000, Ice Tank Moderni- zation $60,000, and $48,000 for New Dairy Machinery.

As you are aware an Interim Dixi- In passing, I should like to call at- dend was paid on the 22nd September, tention to the fact that our Cold Stor 1937, at the rate of 50 cents per share, age facilities are now the largest in absorbing $125,715.00. After deduct the Far East, comprising as they do of ing this sum, there remains for ap-650,000 cubic feet at East Point, propriation $388,853.45, and it is pro$19,000 cubic feet at Central Cold posed to deal with this balance as fol- Stores, Connaught Road, 33,000 cubic lows:-To pay a Final Dividend of feet at Canton Road, Kowloon, a total $1.00 per share on 251,430 shares ab-of 702,000 cubic feet. sorbing $25,143; To pay a Bonus of

MODERNIZED DAIRY :

10 cents per share on 251,430 shares Reference to the questions of new absorbing $25,143; Add to Staff Dairy premises was made from the (Chinese) Superannuation Fund $13 Chair last year. I am pleased to re- 18450; Add to General Reserve $25-part that the conversion of a smitable 000; To carry forward $774,095.95.

building at East Point is proceeding INCREASED DEMANDAM space, and we hope shortly to INOVE. Like other concerns dealing in and into a modernized. Dairy, complete with handling foodstuffs we found a marked all the latest and most up to date increase in demand consequent upon plant, and machinery, for economically the Sino-Japanese confict and the in-and efficiently handling all our Mik flux of refugees in Angust last.

Dairy Products and Ice Creamz.

„Debroy Somers band Debroy Somers band Debroy Somers band.

The turnover for the year consti During the year 2 shipments of Orchestre Raymonde tutes a record in the Company's histle were imported from Canada, tory, but unfortunately the profits counting for the e-penditure of Debroy Somers band made were not commensurate with the 464.81 under Cattle Account.. Since 3 further Orchestre Raymonde. volume of business done. As you are the closing of the books,

aware this, "Colony, particularly the shipments have been received, 2 from Binnie Hale. Chinese community, depends to a very Canada, and one from Scotland.

large extent upon Canton and neigh the end of the year your herd- num- bouring Coast Ports for the greater bered 1,170 animals, to-day I numbers part of its foodstuffs. The interrup-1,250, which is a record.

Jack Whiting and Savoy Orpheans.

THE ANDERSON MUSIC

CO., LTD.

PHONE 21322

ICE HOUSE STREET

BAGGAGE TRANSFERS

Telephone

27761

to Engage our Service.

BARCELONA BOMBED AT RANDOM

Efficient and Secure

CHINA PROVIDENT LOAN & MORTGAGE CO., LTD.

BRITISH INFORMATION #

At

tion to communications entailed sup- It is a pleasure to report the herd plies, with the result that prices soar is being maintained as 100% T. B. led to very high levels Whilst we free and is in excellent health.

were able to recoup ourselves by rais- ́Stocks at $631,290.61 are at an un- ing the prices of the various commo-usually high figure, a reflection of the dities for resale, we had to shoulder increased demand. This condition is a very heavy increase in the cost of also reflected in the Accounts Payable Milk production. Feeding costs reach-and Accounts Receivable.

ed a new high level, and the position The sum of $16,050.82. has been was accentuated by a 50% rise in the utilized from Fire and Typhoon Re price of Rice Straw, the only locally serve to meet the cost of repairs to zrown, foodstaff, due to damage to the buildings, damaged in the September Rice Crop caused by the September typhoon.

typhoon. Our own grass crop also suf-It is not considered necessary to add fered from the same cause. The costs to this reserve, which incidentally has of Pasteurization, and the improved remained intact since 1924 and with Hood and Seal Capping system adopt-the above deduction, now stands ed last year have also materially add-the figure of $103,949.18. ed to the Milk cost. a

at

TRIBUTE TO MR. STEVENSON DEMAND FOR MILK

Before closing my remarks, I would Fortunately the demand for Mill take this opportunity of compliment also book a strong upward curve. The ing the Staff on the way they have question of increasing the price of coped with the extra and arduous du Milk is one that has engaged the series experienced in the year under re ious consideration of your Board from view. Provision for a 5% bonus to His Majesty's Government's pro-time to time during the last four or the Staff has been made in the Work- test was based on information which five months, but the fact that it is ing Account, which I trust has you had led it to the conclusion that such a vital food, has deterred them full approval I wish also to mak

from taking this step. The last occa-special reference to our Manager, Mr. the bombardment of Barcelona,sion arise was considered necessary Stevenson, who, as you are aware carried on apparently at random was in 1931, when the price was in leaves on retirement at the end of this and without the special aim of creased from 15 cents to 16 cents per month. Mr. Stevenson has served this military objectives, was, in fact, of bottle. We are hopeful that the in- Company loyally for 25 years. During creased support we are now receiving that long period of service, Mr. Ste this nature.

which enables us to sell the whole of venson has seen the Company grow London, To-day.

In reply to a further question, four output, will contine, so that any into the large and important concern The recent bombing of Barcelona the Prime Minister said the recent question of price revision will be unit is to-day, and it must be a source

of proud satisfaction for him to was again raised at question time in representations made. to the necessary.

You will have seen that we have re-that this achievement has been the Commons. The Prime Minister Vatican were not such as to call cently advertised Reconstituted Milk, ly due to his careful manage said that no reply had been receiv- for a reply but he understood the but as we went into production less am sure Shareholders desire me ed from the insurgent authorities in Vatican was deeply interested in than a month ago, it is too early to re-this opportunity of extending

port on progress.

self as well as to Mrs. Spain to the protest addressed to the prevention of air raids on Green Spot already a household their very best wishes for a them.

civilian populations in Spain and word - proved a good seller, and voyage home and many years an they were no doubt taking such fully justified our departure into this retirement.

fine.

Mr. A. Murdoch seconded and ... they considered be

Car Shipping and Cold Storage De-report and accounts were unanimousl achieve this end.

partments had increased calls upon adopted. them during the latter part of the year, but were able, I am pleased to report, to cater for all requirements.

CAPITAL EXPENDITURE Turning to the Accounts--

When asked for open town and why

which were situ

Government, Military

tion factories, docks

was so classed

the

rules of

what constituted

bombing

were indefinite

ters yesterday,

Pending the conclusion of a

amination of the subject which had ed that the bo

PLEA

To-day

repeat Barcelona headquar

been undertaken by Government de centre of the Catalan cap partments he was not in a position aimed at military object to make any sta

The one The insurgents allege that large definite rule of international law munitions depots had been formed was that direct and deliberate bomb in the centre of Barcelona, notably ing of non-combatants was, in all in the tube stations.

happy

DAW OTHER BUSINESS- The Hon Mr Mohnson and

Mr. D. F. Landale were re-elected di- rectors on the motion-of Mr. A. E Fullerton, seconded by Mr. D. McFer

The balance transferred from Profitirao. while Mesars. Perey Smith Seth and Loss Account to the Balance Sheet and Fleming were re-elected auditors amounts to $441,084,42 as compare on the proposal of Mr.

$434,343.55 Mixt year."

Depreciation accounts for $172578.

increase "f £16,000, due to

spreciable assets incres

led by Mr. G. Chan

Following

Wyllie,

Ocean.