1940-03-21 — Page 20

PRESIDENT LINER

ABLING 5

TRANS-PACIFIC SERVICE

To

SAN FRANCISCO & LOS ANGELES Via Shanghai, Japan & Honolulu ROUND-WORLD SERVICE

To

NEW YORK & BOSTON Via Manila, Singapore, Penang, Colombo, Bombay, Suez, Port Said, Alexandria, Naples, Genoa, and Marseilles.

✰✰ AMERICAN ✩ ✩ PRESIDENT LINES

* ROUND-WORLD. SERVICE.”

ÅGENTS FOR T.W.A. AND UNITED AIR LINES.

12, Pedder Street.

Telephone 28171.

TRAVEL A.-O. LINE

TO

AUSTRALIA

CALLING AT MANILA, THURSDAY ISLAND, CAIRNS, TOWNSVILLE, BRISBANE, SYDNEY AND MELBOURNE, ETC.

NEXT SAILING

FIRST HALF OF APRIL, 1940.

For Freight or Passage, apply to :—

BUTTERFIELD & SWIRE

Agents

Hong Kong, China & Japan.

Tel. 30332

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

OPERATING SERVICES FOR

CARGO and PASSENGERS

TO-SWATOW, SHANGHAI, TSINGTAO, CHEFOO and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA-

SANDAKAN, HAIPHONG

All steamers, berth alongside the

Roosevelt Torminal in the

French

-Concession at Shanghal,' where- pas.

́sengers and cargo are landed.

Further Particulars Please Apply JARDINE, MATHESON

& CO., LTD.

GENERAL MANAGERS. TELEPHONE – 30311-

THE CHINA

CHINESE ESTATES MEETING

A RESOLUTION PROPOSING A FINAL DIVIDEND OF $2 A SHARE, MAKING A TOTAL OF $10 A SHARE FOR THE YEAR, WAS CARRIED UNANIMOUSLY AT THE ANNUAL MEETING OF CHINESE ESTATES, LIMITED. MR. LEUNG KWAI-TIN, "CHAIRMAN, SAID:-

The net profit for the year shows an increase of $32,215.58 over that of the previous year. This is attributable to the fact that owing to the advantage- ous position of the China building all shops and office rooms were let dur- ing the year."

The summ

of 350,000 provided for reserve for depreciation on China building is $20,000 more than that of the previous year. It is the opinion of the directors and of the auditor. that I would be prudent to adopt a conservative policy.

Your directors are glad to be able to recommend to you a larger divi- dend this year. As you know, there have already been four payments. of interim dividends each of $2 per share, amounting in all to $8. Your directors are now pleased to recommend a final dividend of $2 per share, making a total of $10 per share for the year, as com- pared with $9 for the previous year. Your directors are of the opinion that the present sound position of the com- pany justifies the payment larger dividend:

of this

Resolutions were carried unanim-. ously adopting the report and ac- counts, re-electing Messrs. Fung Ping- fan and Leung Ting-kai (retiring directors), and re-appointing Mr. Li Tung as auditor..

TRINITY COLLEGE EXAMINATION RESULT

The following are the results of the local Theory Examination held in De- cember 1939, at the University. ̈ of Hong Kong, as supplied by the Local Secretary of the Trinity College of Music, London.

Miss Laly Yeung having passed the full Diploma Examination has obtain- ed the degree of Associate of the Col- lege (A.T.C.L.).

Other awards are as follows:-

EXAMINATION FOR TEACHER'S DIPLOMA

Dorothy J. Henderson, Rosabel Hsu. Intermediate Division' Pass with Merit: Cheung Lai Wan, Pansy Li, Gloria J. Moss, Wong Yan Fai.

IL, MARCH 21, 1840)

LOCAL SHARES

enquiries in local share quotations to-

Following is the list of changes and day:

BANKS

Bank of East Asia $71 b.

INSURANCES

Canton Ins. $23211⁄2 b. Union $500 b.

DOCKS, WHARVES, GODOWNS, ETC.

H.K. Docks $23 b. Providents $5.20 b., $5.20 sa.

LANDS, HOTELS & BLDGS. H.K. Lands $38. sa. H.K. Realties $4.95 .b.

PUBLIC UTILITIES. H.K. Tramways $18 s., $18 sa. China Lights (Old) $8.20 sa. China Lights (New) $5.30 ́b. H.K. Electrics $884 sa.

Telephones (Old) $30 b., $301⁄2 8..

$301⁄4 sa.

Telephones (New) $11.60 b., $11.70

sa.

INDUSTRIALS H.K. Ropes $5.55/.60 X.D. sa.

STORES, &C. Dairy Farms (New) $223⁄41⁄4 b.

MISCELLANEOUS Entertainments $7.40 b.

MISCELLANEOUS Antamoks Ps...12.sa...“ Atoks Ps. .16 sa.

Baguio Gold Ps. .22 sa. Batong Buhay Ps. .011 b. Benguet Consol. Ps. 5.50 b. Big Wedge Ps. 18 sa.. Coco Grove Ps. 11.b. Consol. Minés Ps. .0035 b. Demonstrations Ps. .101⁄2 sa. East Mindanao Ps. .10 b. IXL. Ps. 34 sa.. Ipo Gold Ps. 10 sa. Itogons Ps. .22 b. Masbates Ps, .08 b.

Mind, Mother Lode. Ps.' .093⁄41⁄4 b:- Mine Operation Ps. 09 b. North Camarines Ps. .08% sa Paracale Gumaus Ps. .18% sa.. San Mauricio Ps. .75 b. Surigao Consol. Ps. .171⁄2 sa. .. Suyoc Consol. Ps. 13 b. Syndicate Inv. Ps. .012 sa.

United Paracales Ps. 25% b.

MERCANTILE BANK'S

DIVIDEND

The Mercantile Bank of India, Limited, have received a telegram from London advising that at Annual General Meeting of share-

the

holders a Final Dividend of 6% on Pass-Lily Lien Sung, Melba M. the "A", "B" & "C" shares will be de Sousa, Wong Fung Seen, Alice Yul, recommended (making 12% for the 'Emily. Yui, Virginia Yvanovich.

year less Income Tax) £25,000, writ-- Junior: Honours-Norman Broad-ten off Landed & House property, bridge.

£30,000 Contingency account, £179,-- 639 carried forward to 1940 account.

LOCAL DOLLAR

The demand rate on the Hong Kong" dollar to-day was 1/2 25/32.

Silver was quoted at 21 spot and 21 forward.

The cross rate London/New York was £U.S.$402.50 and New York/ London £-U.S.$371-1/2.

HONGKONG & WHAMPOA DOCK:

CO., LTD.

Notice is hereby given that the Or- dinary Yearly Meeting of Shareholders will be held in the Office of the Com --- pany, 2 Queen's Building, Hong Kong, on TUESDAY, 26th March, 1940, at noon for the consideration of the Directors' Report and - Balance Sheet for the year ending 31st Decem~~. ber, 1989,

The Share Register and Transfer...... Books will close from the 15th to 26th March, 1940, both days inclusive.

By Order of the Board of Directors,

COCK.

Chief Manager. Hong Kong, 27th February, 1010.