1939-03-15 — Page 4

Page

TO-DAY

ONLY

Moot My Family

And Treat

Your Family

To d The Year's Comedy Hit!

KING S

Diced by JOIN FARROT! ="Pressie

At 2.30, 5.10. 7.15 & 9.30 P.M.

My Bill

with

KAY FRANCIS

BONITA GRANVILLE ANITA LOUISE - BOBBY JORDAN - JOHN LITEL DICKIE MOORE

WARNER BROS. • Persen Finy by Viaconi

„Overshad and Dobersuam Vēdes » Adapted freni "Cameras” by Tom Berry » A Firm National Picture

MUSICAL SHORT

"RUSS MORGAN &

HIS ORCH'

TO-MORROW

20th Century

Fox Picture

ALSO

LATEST CARTOON

"PORKY'S ROAD

RACE"

COLOUR MUSICALS ROMANCE of LOUISIANA”

DON AMECHE-ARLEEN WHELAN în

"GATEWAY'

TAKE ANY TRAM OR HAPPY-VALLEY BÚS-

4 SHOWS DAILY

2.30-5.15 7.15-9.30

DAYS

ORIENTAL

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ROAD WANCHAR TEL. 28473

20NLY TO-DAY • TO-MORROW.

A STORMY COMEDY DRAMA OF MEN IN THE MAKING ! Those two grand pals together again in another great adventuro, a heart-warming, laugh-laden story.

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MICKEY ROONEY LORD JEFF

FRI

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SCHARLES

COBURN

SHERBERT }

MUNDIN

GALE

SONDERGAARD

Metro-

PETVER

“THERE GOES MY HEART”

Big laugh, show with Fredric March and Virginia Bruce. OMATINEES •20c.-30c EVENINGS✩20c.-30c,-50c-70c.

DAILY

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TO-MORROW

20th C. Fox Picture

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KOWLOON

57795

ALEXANDER: KORDA PRESENTS

CONRAD VEIDT

and VIVIEN LEIGH

in a VICTOR SAVILLE PRODUCTION

DARK JOURNEY

ALICE FAYE

ADOLPHE MENJOU

in "SING, BABY, SING"

INTRODUCING.

COLD LUNCHEONS AT 70 CTS. Delivered to your office.

Phone 21311

VIVA-PRODUCTS

THE CHINA MAIL, MARCH 15, 1939

HOTEL PROFITS OVER MILLION MARK FOR FIRST TIME IN SIX YEARS

THE FIRST OCCASION FOR SIX YEARS THAT THE BALANCE AT CREDIT OF PROFIT AND LOSS ACCOUNT HAD EX- CEEDED THE MILLION MARK WAS, THE SATISFACTORY STATE OF AFFAIRS REPORTED BY THE CHAIRMAN, MR. J. SCOTT HARSTON, AT THE ANNUAL ORDINARY MEETING OF THE HONG KONG AND SHANGHAI HOTELS, LTD., HELD THIS MORNING AT EXCHANGE BUILDING. The chairman said:

our

and and

In submitting for your considera-¡ for our three Hong Kong Establish- tion the Accounts for last year, your ments constitute the major portion of Board feel that the trading results such expenditure. All such matalla therein depicted can rightly be view-tions I would state have been made in ed with antisfaction. The balance of furtherance of Working

modernization Account $1,078,691,18-polley. brought to the credit of the Profit and Loss Account,

Turning to the "Liabilities" side of compares with $888,the Balance Sheet, the "Ropairs and 232,70 for 1937 and Incidentally shows Renowala" Account suffered depletion for the first time over a period of six during the year by $85,002,40, which years that: this item has exceeded the sum was expended upon our variou milllon mark, All Departments of our Establishments in fulfilment of the Organization havo contributed a quota purpose for which the Ropaire and to the attainment of this figure,

INCREASED EARNINGS

Renewals Account was created. 'Steps With

have been taken throughout the year regard to Hong Kong Es-to carry out tablishments, the resident accommoda- maintenance work to Buildings major rénovation tion thereat did not experience last Contents where necessary, and also to year the heavy strain encountered dur-natal in various Establishments new ing the year 1987, but marked creases in earnings were produced in typo now expected by Hotel patrons. in- departments and accommodation of a our various Grill Rooms and Cafes.

As to the Shanghai Properties, I am been thoroughly justified by results, I can assure you that this policy has pleased to state that the Palace Hotel and has proved an important factor in upon completion of the reinstatement producing the enhanced carnings. work there quickly resumed its popu- lar status in the Northern Port and From the Chair last year reference produces a satisfactory income. Astor House Hotel remained in occu- damages arising out of the hostilities Tho was made to the Company's claim for pation by the Japanese Y.M.C.A. until in Shanghal, Assessment thereof, omd the 81st December last, and rental lodgment with the proper Authorities. payments were made by that Associa-was duly mado by tion to the Company during the year Agents, but, as you are probably aware, our Shanghai sufficient in amount to cover what may nothing has yot eventuated 'towards

SHANGHAI- CLAIM

the

be termed Landlord's outgoings,_1.c. the acceptance of liability in respect Shanghai Municipal Council Land Tax, of that type of claim. I would, how- Insurance and certain Repairs and Re-ever, mention, in that connection, that newals. As from thé commencement the nett result shown in the Accounts of the current year, however, the Astor before you has been computed after House Hotel and, its contents been leased

have making full provision for the losses to another party, for which constitute the claim referrod to, term of three years at a rental which will produce

At this juncture I desire to record a reasonable return the Company upon the Assets utilised. of the good work done by the Com- to an expression of sincere appreciation PEIPING RESULTS The Hotel in Peiping operated by Shanghai, and its Agents in Shanghai pany's Staffs in Hong Kong und our subsidiary Company again showed as also in the case of the Staff and excellent results for its last financial Agents of our subsidiary Company in year which ended on the 30th June, Peiping, all of whom have continuous- 1938, and made a dividend distribution ly directed assiduous in respect of that period thus consti-interests of the Company in times of

efforts to tuting as substantial increase over dis- exceptional difficulty-in tributions occurring during recent tion (though I make reference to him which rela- years. The incidence of exchange, last) I particularly desire to point out however, deprived this Company's Pro- that the eminently satisfactory results fit and Loss Account of any substan-to which I have referred are in very. tial benefit in respect of its holding great measure due to the foresight for the relative Peiping Dollar sum and energy of your Company's Man- received shrank on conversion, as you aging Director, who, though suffering will see from the Accounts before you, from ill-health from P$29,250.00 to HK$18,870.87, portion of the period under review, has during a considerable which records an increase of $800.00 not spared himself in safeguarding the only over the previous year's income Company's interests. I feel that in from that source, The nett profit so doing I will receive your hearty en- earned by The Hong Kong and Shang-dorsement, and with reference to the hai Hotels, Ltd, during the year 'un-Company's Staff I trust that' you will der review amounting to $810,607.08 ratify your Directors' recommendation represents an improved result of $170,- that as a token of appreciation a bonus 420.02 in comparison with the figure of ten per cent on their salaries shall reported for 1937, and on adding there be voted to them in respect of the to the sum of $343,720.47 brought for-year 1938. ward from the previous year, a balance of $1,154;827.55 in provided for appro DEATH OF MR. BOURNE priation. Other items included in the Profit and Loss Account do not seem special reference to the sad death of Before concluding, I wish to make to require comment from me.,

The Balance Sheet contains no items reached us only a few days ago. Mr. Mr. J. P. Bourne the news of which of an exceptional nature and is indeed Bourne had been in the service of your self-explanatory. I would refer, how-Company ever since the year 1921. At. ever, to the changes in amounts shown the outset he held the position of Gen- apart from the effect of depreciation eral Superintendent of the Hong Kong In regard to certain listed Assets. Hotel and was in charge of the var The Additions to Buildings appear at ious alterations effected there in the the sum of $30,280.69. The main por-course of the years 1922-1924. Later tion of this capitalised expenditure on ho rendered yeoman service in con- was incurred in respect of structural nection with the erection and furnish- alterations to the Palace Hotel, Shanging of the Peninsula Hotel where he hai, made when reinstatement of the remained as Manager until the close bombing damage was carried out; and of the year 1980, In 1981 he was the cost of the extension of the shop transferred to Peiping as Manager and premises in the Peninsula Hotel Arcade General Superintendent of your Hotel accounted for the remainder. The item there (the Grand Hotel don Wagons- of "Sales" noted in the Building Ac- Lite). In that capacity he devoted count relates to the amount received himself whole heartedly to the Com- from the Contractór who carried out the demolition of the Peak Hotel Pro-Ifor many of the Emprovements "there. pany's interests and was responsiblo perty.

Under his að us parsible; ke Additions to “Furniture and Fix. Bourne was a man of a turos" for the year amounted to 3198 ament and very popular 416.50. The items included under this Company "a" employees an head are copious, and their allocation He

"FURNISHINGS"

in spread over all Estebishments bath, døral here and in Shanghait the “furnish-

ings" for the new guest,

tion built at the Palace Hotel, "hai, and the provision of ne

with all the

but had bravely carried

hospital where the 8th instant. By on Page 20)