1939-02-16 — Page 20

RAILWAY

TIKES

8 DAYS

10 DAYS

5 DAYS

GoEMPRESS to America, Europe

hat

Leave Arrive

Canada Feb. 21 Feb. 23 Russia

Mar. 8 Mar. 10 Mar. 12.

Mar. 17 Mar. 19 Japan

Hong Shang- Naga- Empress Kong

of

Yoko-

saki.

Leave

Kobe

Leave

kama Konolulu

Leave Leave

Feb. 26 Feb. 28

Mar. 14 Mar. 16 Mar. 22 Mar. 24 Mar. 30

Mar, 7

Van- couver Victorin Arrive

Mar. 12

Mar. 25 Apr. 4

Air-conditioned equipment on C.P.R. Trans-Continental Trains. Frequent Canadian Pacific Atlantic sailings to European ports.

י

דין

TO MANILA

Empress of Japan on Friday, March 10th. Empress of Britain on Saturday, March 11th.

(First Class only).

Canadian Pacific

Union Building

SPANS THE WORLD

Telephone

20762

G. FALCONER & CO. (HONG KONG LTD.) WATCHMAKERS & JEWELLERS, DIAMOND MERCHANTS,

UNION BUILDING (opposite G.P.O.)

Agents for:-ADMIRALTY CHARTS," ROSS BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS,

ENGLISH SILVERWARE Direct from Manufacturers.

High Class English Jewellery

PRESIDENT LINER SAILINGS

SAN FRANCISCO AND LOS ANGELES

Via

KOBE, YOKOHAMA AND HONOLULU

3.8. "PRESIDENT TAFT”

8.8. "PRESIDENT CLEVELAND"

8.8. "PRESIDENT PIERCE"

*8.8. "PRESIDENT COOLIDGE"

• CALLS AT SHANGHAI,

SAILS FEB. 25th at 4.00 PM. MAR. 11th at 400.P.M. MAR. 25th at 4.00P.M. APR. 8th at 8.00 A.M.

+1

NEW YORK AND BOSTON VIA SUEZ

6.A. "PRESIDENT POLK” 8.8. "PRESIDENT GARFIELD" 88. "PRESIDENT MONROE". 6.8. "PRESIDENT ADAMS”

י

SAILS FEB. 17th at 12 Noon MAR. 17th at 12 Noon MAR. 29th at 9.00 P.M. APR. 14th at 12 Noon

t

15

MANILA

8.8. "PRESIDENT POLK” 8.9. "PRESIDENT TAFT" 8.8, "PRESIDENT CLEVELAND 8.8. "PRESIDENT GARFIELD”.

ท

SAILS FEB. 17th at 12 Noon FEB 18th at 6.00 P.M. MAR. 4th at 6.00.P.M. MAR. 17th at 12. Noon

** AMERICAN ✰

PRESIDENT LINES

ROUND WORLD SERVICÈS,

12. PEDDER ST.

TELEPHONE 28171

THE CHINA MAIL, FEBRUARY 16, 1989

HUMPHREYS ESTATE MEETING

A satisfactory year's working

HONG KONG ELECTRIC DIVIDEND

At the Ordinary. Yearly Meeting of

on

was reported by the chairman, Shareholders (f The Hong Kong Elec- Mr. D. E. Clark, at the annual tric Company, Ltd., to be held meeting of Humphreys Estate Thursday, March 9th at 11 am, the and Finance Company, Ltd., this Directors will, subject to audit, recom- mend that the balance availablo, for morning.

distribution be disposed of as follows: The chairman said:-

To pay a final dividend of $1.50 per The result of the year's working, share making, with the interim divi- viz., $216,987.28, can, I think, be condend of $1.00 per share paid on Sep- sidered satisfactory. Profits, omitting tember 8th 1938, a total of $2.50 por sale of land, are $26,383.68 better share on 600,000 shares, $1,500,000; pay than in the preceding twelve months, a bonus of 75 cents per share on 600,- whilst total net profit is $64,234.85 up. 000 shares. $450:000: write off invest- All your property was fully occupiments, $147.276.21: Jubilee Year Bonus ed during the year, and from March to Staff, $43.976 22: Carry forward a last the rent roll was augmented by balance of $287.880.85. receipts from the twelve

additional

flats in Argyle Street referred to by me at the last Annual Meeting.

It is proposed to erect a further 12 immediately. flats on this property

י

LOCAL DOLLAR

The demand rate on the Hong

These will be larger than the present Kong dollar to-day was 1/2-13/16. ones, and arrangements have already "Spot" silver was quoted in Lon

the entire don at 20-7/16 and forward at been completed to lease

...

The London on New York rate was quoted at £-U. S. 4.6856, and

rate the New York-London

at £-U.S.$4.68-5/8.

block for a term of five years. When 19-7/8. these additional flats are completed, half the available area in Argyle Street will have been developed.

It is to be regretted that Govern ment refused our request to plant trees along the roads or footpaths in this area. As I said in my speech last year, the roads are wide and I can see no objection from a traffic point of view. There is no doubt that the planting of trees would greatly add to the amenities of what is rapidly de- veloping into a first class residential

district.

J

the report and accounts were adopted. OTHER BUSINESS

Messrs. J. Scott Harston: and

J.

M. Alves were re-elected to the Board on the motion of the chairman second- ed by Mr. Lo Chung-wan and Messrs. Percy Smith, Seth and Fleming and Messrs. Linstead and Davis were re- of elected auditors on the proposal Mr. J. E. Jupp, seconded by Mr. W. C. Lee.

A small three roomed bungalow was built on the triangular Lot, between Humphreys and Carnarvon Buildings during the year. All modern con- The following attended:-Messrs. veniences and appliances were in-

D. E. Clark, chairman, H. V. Wilkin- corporated in the building, which was

J. M. let at a satisfactory rental immediate son, J. Scott Harston,, and

Alves (directors). Mr. J. L. Quie ly upon completion,

(secretary) and the following share- You will note from the Balance holders: Messrs. P. C. Potts, M. Git- Sheet that the amount invested in tins, Wallace J. Hansen, Lo Chung- property is $54,000 higher. and that wan, J. E. Jupp. W. C. Lec, J. D. Loans on Mortgage are reduced by Humphreys, D. V. Steavenson, C. $10,000. There will be a further re- Bernard Brown and R. H. Wild. duction under this heading the current year. General Reserve, if the propos- ed allocation of profits available approved, will stand at five lahks. Other items are similar to last year and do not, I think, call for any special comment. I now formally propose the adoption of the Report and Statement of Accounts as presented and that the balance available of Profit and Loss be appropriated as follows:-

Pay a dividend of 7% on

200,000 shares.... $140,000,00 Transfer to General

Reserve

50,000.00

Transter to Building Im-

provement Account (Bringing same up to $50,000.00

Transfer to Special Re-..

-

pairs and Renewals Account (Bringing

Bame

up

to

$15,000.00)

And carry forward

are

1,367,25

8,319,50 .38,228,51

$238,015.26 Mr. Wallace J. Hansen seconded and CONSIGNEES' NOTICE

THE BURNS - PHILP LINE

From Melbourne, Sydney, Salamava, , Rabaul & Manila. The M.V. "NEPTUNA”

Consignees of Cargo "are hereby informed that, all Goods are being land- ed at their risk into the hazardous and/or extra hazardous Godowns of The Hong Kong and Kowloon Wharf & Godown Co., Ltd., whence and/or from the wharves delivery may be obtained.

'No claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 15th February, 1989 will be subject to rent.

All claims against the steamer must be presented to the Undersigned on or before the let March, 1889 or they will not be recognized.

To comply with the General Bonded Warehouse. Regulations consignees must have a Revenue Officer in attend- ance when damaged datiable goods are examined.

All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 14th February at 10 a.m., by Mesars. Goddard, and Douglas."

No Fire Instıranco Has been effected. Bills of Lading will be counter- signed by, KE

GIDB, LIVINGSTON & CO. LTD.

Hong Kong, 9th

1.Agenta, brudry, 1980.

NEW ADVERTISEMENTS

THE HONGKONG ELECTRIC CO., LTD.

NOTICE IS HEREBY GIVEN that the FIFTIETH ORDINARY YEARLY MEETING will be held at the Company's Offices, P. & O. Building, on -THURSDAY, 9th. March, 1939 at 11 a.m. for the purpose of presenting the Report of the Directors together with a Statement of Accounts to 31st. December, 1938, and electing Directors and Auditors,

The Register of Members of the Company will be closed from 25th. February to 9th. March, 1939, both

days inclusive, during which period

ne

Transfer of Shares can be. registered.

BY ORDER OF THE BOARD OF DIRECTORS,

GIBB, LIVINGSTON & CO., LTD.,

Agents.

Hong Kong, 16th, February, 1939.

PIPPERMINT

GET

always

delicious with

crushed ice

iced water

'GET FAERES Revel (HGaronne) l'amics