1939-03-01 — Page 5

THE CHINA MAIL, MARCH 1, 1989

Page

AIR SERVICE

REPORT A LITTLE

PREMATURE

Rangoon, To-day.

Imperial Airways machine Ata- lanta has only just arrived here from Calcutta, indicating that an- nouncement of the inauguration of

regular Chungking-Rangoon ser- vice to-day is somewhat premature.

Careful enquiries regarding the Kunming-Lashio road reveal that at. least one stretch is not yet fit for travel. E

Heavy lorries can only move at a crawl, and it is confidently stat ed that no appreciable amount of war material could be transported to China through Burma.

ter.

M.C.C. WIN EASILY

Reu-

» Pietermaritzberg, To-day, The M.C.C. heat Natal by nine wickets cyesterday. The tourists second innings was marked by Hut- -tòn's--knock of 53 . not.............out. and

· ·Edrich's innings of 45 not out. !

Scores;:

Natal 295 and 219 M.C.C. 407 and 110 for: 1

Reuter.

TURKISH

MINE

EXPLOSION

Istanbul, To-day.

Some 23 miners were killed, by an explosion in a coalpit at Son- guldak, near the Black Sea coast yesterday.

A total of 13 were entombed but ten word saved by inmediate rescue action. Trans-Ocean.

DOCK COMPANY:

PROFITS AND

DIVIDEND

Sir, Investor's letter in your contem- porary regarding the allocation of the profits for the past year deserves full support of all share-holders and it is hoped that some representation will be made to our. Directors to reconsider the proposed dividend and bonus before the Annual Meeting or at the meeting itself. It must be remembered that the Company has been through ex- tremely difficult times until a year or two ago, but now is on an entirely new basis. Consequently for a good number of years shareholders received no dividends, but since the reorganisation and under capable direction of our pre- sent Chief, Manager and his able staff the Company is almost free of the very heavy overdraft which is once again down to reasonable figures, This has been brought about by the fresh capital subscribed. by shareholders and the improved working results the bulk of which has been ploughed back into the business. As "Investor" rightly pointed out a conservative. policy will always have the warm sup- port of shareholders, who I feel sure want to see our Dock second to none `and in an 'unassailable position to meet The loss of cars by two Euro any competition that in future may peans is contained in Police re-arise. On the other hand with, a pro- ports this morning area fit of $1,300,000 in 1987 only $122,- Mr. W. Stoker, of 22, Stubbs 000 was paid in dividends and $1,000,- Road, lost his Austin car No. 455 year $1,750,000 has been made and 000 placed to reserves and again this from outside the Jockey Club yes-only $280,000 given us dividend. It terday, while Mr. F. G. Atkins lost is well known that our Company is his car No. 2516 from Connaught very much ander capitalised with its present capital of 8 million and ac- Road.

tually represents a capital investment of close to $30 million. With such a small issued capital last year's profit shows about 5% and might indicate

TWO EUROPEANS LOSE CARS

Premier To Attend On King And Queen

that good profits are to be made out

of Docking, but this is far from being

the cases as the return on capital

sunk in the business is only about 6% and from the profit of 1% million London, To-day.the Directors propose allocating only As the Prime Minister will be $280,000 for dividend purposes. Minister in Attendance on the King and Queen when they visit Birmingham to-day, the weekly meeting of the Cabinet has been postponed until Thursday. Bri "tish Wi

JEWELLERY LOSS IN RESTAURANT

The loss of jewellery to the value of $1,526 is reported by Mr. Mogra of No. 8 Breezy Terrace

Mr. Mogra states that the jewel lery was lost in the Ying King Re- staurant in Johnston Road, at 'p.m. yesterday."

10

I sometimes wonder if the half a dozen or so Directors whose names appear on nearly all our local Direc torates, have the time to, look-after their own business and the affairs of shure-holders and the time is fast ap- proaching if it has not already arrived when the large body of small share- holders will insist on more represen- tation on the many of the local com panies in which they are interested and I feel sure if some such organisation run along similar lines and with the same aims ans The Shareholders Pro- tection Society of London it would re- coive very wide support.

I feel the least the Company shop do for 1988 is to declare a dividend of 10% and a bonus of 5%.-

It is hoped that other shareholders will come into the open and express their views, by collective representation at the Annual Meeting.

Youra faithfully,

Shareholder."

QUEENS

DAILY AT 230-515 7:208:9:50 TEL 31455

SHOWING TO-DAY

SHOWS AT 2.80, 5.15 & 7.20 P.M. ONLY

The Adventure and Romance of Mark Twain's

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ADDED POPEYE

FEATURETTES

TOM SAWYER DETECTIVE

DONALD O'CONNIN-BILLY COON

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Chinese Youths Medical Relief Association presents

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Prices: $10.00, $5.50, $4.40, $3.30, $2.20 & $1.10

Luise Rainer, Fernand Gravet . Millza Korjus In MGM's “THE GREAT WALTZ”

NEXT CHANGE

A SHOWS DAILY 2.30-9.18 7.15-9.30

DAYS

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ORIENTALE

ELEMING

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A PICTURE PACKED WITH LAUGHTER,

A dozen comedy screen stars and groups of leopards, camels, zebras, llamas, seals,

furnish the laughs for th great fun suð

lions, tigers,

and

monkeys

GREAT FOR WHAT AILS YOUL

"DOCTOR RHYTHM"

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Mary Carlisle Beatrice Lillie-Andy Devine

Laura Hopa Crews Rufe Davis Rei Coboa Procketin

A PARAMOUNT PICTURE: DIRECTEN OF VERUM FETTLE

BAL LOVE FINDS ANDY HARDY"

FRI BAT.

Mickey Rooney, Lewis Stone, Judy Garland, Cecilia Parkor, MATINEES 20c. 30c EVENINGS: 20c. 30c. 50c 70c

"NIKS"

DANCING IN 6 HOURS

Räuld easy lessons,

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troom. Tango,

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INTRODUCING

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Phone 21311

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