1939-05-10 — Page 4

SHOWING

TO-DAY

At 2.30, 5.10,

7:15 & 9.30 P.M.

THE WORLD CHAMPEENSHIP RODEO OF ROMANCE AND RHYTHM!

ROMANCE and RHYTHM

DICK POWELL

PAT O'BRIEN: PRISCILLA LANE

DICK FORAN. ANN SHERIDAN - JOHNIJE DAVIS RONALD REAGAN Directed by LLOYD BACON A COSNOPOLITAN PRODUCTION A WARNER BROS, PICTURE •

Also "LAND OF KANGAROO” (Colour Travelogue) NEXT CHANGE

United Artists⚫ "TOPPER

Release

4 SHOWS DAILY

2.30-5.15 7.15-9.30

DAYS

THE CHINA MAIL, MAY 10, 1989.

PRINCE EDWARD ROAD HILL SITE TO BE DEVELOPED

THE ACQUISITION OF THE HILL BETWEEN THE DIOCESAN BOYS SCHOOL AND THE COMPANY'S ESTATE, AND COVERING AN AREA OF 161,000 SQUARE FEET, WAS MENTIONED BY MR. `J. P. BRAGA PRESIDING AT THE ANNUAL MEETING OF THE HONG KONG ENGINEERING AND CONSTRUCTION CO., LTD. TO-DAY.

the

Mr. Braga said:-The feature of thef of the several large areas which statement of accounts is a credit bal- Company owns to-day will entail fur- ance on working of $27,924.88. The ther capital expenditure in the future. total on the credit side of Profit and Your larger properties at the present Loss A/c, amounting to $61,345,82, has time comprise residential as well as been substantially reduced by Depre-industrial lands, none of them fallow ciation. Your Directors consider it a ground but all in process of conversion conditions to make ample provision un-earning assets.

TAKES A TRIP" wise policy in the present uncertain to make of them in due time revenue-

with CONSTANCE BENNETT ROLAND YOUNG

TAKE ANY TRAM OR HAPPY VALLEY BUS

ORIENTAL

THEATRE

FLEMING

ROAD WANCHAI TEL 28473

2ONLY TO-DAY • TO-MORROW⚫

THIS IS ADVENTURE WITH A VENGEANCE! As real and gripping thrill drama as ever came out of the impene- trable Malay jungles.

A THOUSAND BATTLES. ·

OF MAN-AGAINST-MAN, AND BEAST AGAINST BOTH!

CARL,LAEMMLE PRESENTS

Charles BICKFORD in Universal's Amazing

Adventure Dramal

EAST OF JAVA

with ELIZABETH YOUNG FRANK ALBERTSON and LESLIE FENTON

Adapted from the GOUVERNEUR MORRIS novel, "Tiger island”

2 DAYS ONLY! FRIDAY AND SATURDAY THE SCREEN'S MADDEST ROWDIEST LAUGH SHOW!

WILLIAM

Крона

POWELL LOY

DoubleWedding

- Mewa Guttuyn Mayer m

• MATINEES @20c.-30. EVENINGS ★ 20e.-30c.-50c.-70c.

3.

TO-NIGHT'S DINNER

Consomme a la Julienne. Rolled Fish O'lorly.

Ra gout of Veal & Macedoine,

4. Sausage Roll.

5. Roast Chicken.

6. Suet Pudding.

7.

Cheese & Biscuit. Tea or Coffee.

Price 90 cts.

ST. FRANCIS HOTEL:

EN'SƐROAD" CENTRAIN

der this heading in no fewer than four As far as figures go, they are all set different items. After charging De-out in the issued statement of accounts. preciation, the profit for the year car In my judgment I do not think they ried to the Balance Sheet is one of invite comment. At the same time,. $6,530.72. Adding to this figure the if you desire the statement supplement- balance of $4,034.96 brought forward ed I shall have much pleasure in do-. from the previous year, there stands ing so in answer at credit of Profit and Loss A/c at the interested shareholders.

to questions from end of the year under review a sum of $10,565.68. This amount, with your approval, the Directors propose to carry forward to the new account for the current financial year.

After the adoption of the report and accounts, Messrs, J. Scott Harston and M. H. Lo were re-elected directors,- while Messrs. Lowe Bingham and Mat- thews were re-appointed auditors. On the April 13 last year your sane- Mr. J. P. Braga, O.B.E., (Managing tion was obtained for an increase of the Director) presided, supported by Company's Authorised. Capital from Messrs. J. Scott Harston, M. H. Lo, $1,000,000 to $5,000,000. As issue of Lawrence Kadoorie, T. F. Lo (Direc 500,000 shares of $2 each was offered tors), Mr. H. Braga (General Works: to shareholders for subscription, $1 Manager) and Mr. B. Alvės (Secre... per share being payable on acceptance tary).

of the offer. 357,305 shares were sub- scribed and paid for, and the .Com. pany's total Paid-up Capital to the end of 1938 has thus been increased $1,357,305.

NEW CAPITAL ·

to

MISTY WEATHER: EXPECTED

Humidity reached the high figure-

The additional capital, your Direc tors felt, was required to meet the Company's urgent needs in the greater expansion of its business, and to pur- sue further the careful development of your valuable Estate at Kowloon. As of 95 per cent. this morning, with regards the broadening of the Com a temperature of 75 degrees. Maxi- pany's undertakings, application was mum temperature yesterday was 79 made to Government last year for a

piece of Crown land within the factory degrees, and minimum last night area in Kowloon. The area, compris. 73. ing 65,130 sq. ft., was acquired by the The Royal Observatory Company at publie auction in October that a weak anticyclone covers the reports. last, the purchase price being $48,848. Erection of a new workshop, indispen. Pacific to the east and south-east sable to our business, has already been of Japan, and a ridge of high commenced and will be vigorously fol-

pressure extends to south-east lowed up to an early completion.

There has been an addition of eight China. The northern depression new houses within the Company's Es is moving eastward over north tate during the past year. Five more] Korea. Shallow depressions are- have been completed since the begin situated over the lower ning of the current

Yangtse

year, making

В

Valley and Tongking.

misty.

TRADE TALKS WITH

total of thirteen new houses since the last annual meeting. All these houses

Local forecast: east to south- have been readily tenanted, More build east winds, moderate: cloudy,- ings are in course of construction, and piling for foundations to others has commenced. Preliminary plans for the development of the valuable area on the large plot fronting Argyle Street for a width of over three hun dred feet have been submitted to the Building Authority for approval. The two blocks of apartments which, it is. proposed to erect on this fine site will provide additional housing facilities ir the shape of residential flats of the kind so much sought after. To the de sign of the new premises and their: spacious self contained accommodation

London, To-day. much thought has been given with a view to producing the most pleasing

Answering questions in the Con- results, It is becoming increasingly mons regarding the trade negotin- evident that the amenities of the hub tions with Rumania, the President of the residential district of modern of the Board of Trade said that as Kowloon are assuming aesthetic fea- the negotiations were still in pro- tures which property owners have help

RUMANIA STILL GOING ON

ed to create and are proud to preserve, gress he was not in a position to

NEW SITE

make a statement, but the matter It is with much pleasure that the was being expedited as far as pos-- Directors have to inform you that after prolonged negotiations with the

sible and he hoped a statement Government, we have recently acquir- would be possible in a short time. ed the hill between the Diocesan Boys British Wireless.

School and the Company's property.

The area comprises about 161,000 sq.

ft, and forms a valuable extension to

your Estate. The building covenant HEAVY LOSS

REPORTED

The proprietor of the King's -

calls for development within three years at a minimum expenditure of |$80,000, Our tochnical manager has been at work preparing site formation plans: This development cannot fail to enhance the value of your proper- ties as a whole. Although this acquisi- Silk Store, 78, Queen's Road Cen- tion does not relate to the 1988 ac- tral, has reported to the police that counts we have thought it well to keep a foki who was sent out to collect you informed at the earliest oppor- $1,390. from the Wing Li Company tunity.

It will be seen from this brief sum-at 8 o'clock last evening, has not mary that the various improvements returned.