1941-02-21 — Page 16

THE CHINA MAIL, FEBRUARY 21, 1941.

H.K. ELECTRIC PLAN

PLAN TO RAISE STANDARD

RATES

Reserve Fund To Be Capitalised; Bonus Shares

PLANNING THE K.O.?

(SPECIAL TO "CHINA MAIL"

The unexpected arrival of Mr. Anthony Eden and General Sir John Dill in

New Capital

To Be Raised

AN INCREASE IN the standard charges Cairo yesterday coincided for current by the Hong Kong Electric Com- with the announcement pany, from 15 cents per unit to 16 cents for of an important British lighting, is among decisions reached at a victory in Italian Somali land which menaces Mo- meeting of the Board. gadisco.

An immediate intensification of

the British campaign in Libya, Somaliland, Eritrea and Abyssinia, to drai a knock-out blow to Italy's African Empire, looms as a possi- ble outgrowth of the arrival of Mr. Eden and General Dill, International News Service.

SIXTEEN NAZIS KILLED NEAR ZLIN

Sixteen German police officers were drowned when a German Czech lorry in the

Protectorate near Zlin (Moravia) fell into the river, says a Prague despatch to the official German news agency.

The German version of the in- cident says it was due to the failure of the brakes.--Reuter.

'A bonus share issue and an issue of $3,- 000,000 new capital has also been decided.

lower than for

Current Prices

the

The following increases in the for Company's standard charges current will become effective on all accounts sent cut on and after 21st March 1941: -

Messra. Gibb, Livingston and is $300 000 e, agents for the H.K. Electric year 1939.

annual Company, state that the meeting will be held on March 20, 1941, and that the Directors will, recommend on subject to audit, account of the year 1940 that the balance available for distribution be disposed of as follows: To pay a final dividend of $1.26 per share on the 600,000 old shares, making, with the in- terim dividend of $1- 00 per share paid un 11th September 1940, a total of $2.20 per share

..$720.000.00

To pay a dividend of $1.10 per share on the 300,000

shares ranking for dividend 1st July from

18

1940

new

BULGARIAN POLICY |To pay a second dona-

UNCHANGED

Professor Filoff, the Bulgarian To Prime-Minister, declared

yester. To

the

tion to the South China Morning Post Bomber Fund

next account Bulgarian/Tur-·

day that kish agreen eut in no way chang- ed the foreign policy of the Bul¦ garian Government. British Wire- less.

to

(1) For lighting from 15 cts. to

18 ts. per unit.

(2) For power and heating from

5 cts. to 514 cts, per unit. (3) The discount of 10% on pow- er accounts in excess of 1,000 units per month will be dis- confitued.

Share Proposals

It is also learned that it is pro- posed to recommend for the ap- shareholders at the 330,000.00 proval of

forthcoming ordinary yearly meeting, the capitalisation of $3,- 000,000 which will be standing to Account; of Reserve the credit

$2,284,607.30

It will be noted that the total dividend distribution for the year

1st

to

50,000.00 to Reserve 600,000.00 this will be issued in the form of place

300,000 shares of $10 each fully carey forward

584,607.30 paid and will be allotted to share-

holders on the

Register on April 1941 in the proportion of one three held. The share for every shures representing fractions will be sold by a nominee to be ap- pointed by the Board and the net proceeds distributed amongst the persons entitled to the fractions.

The Directors also decided increase the Issued Capital of th Company by the issue of a further 300,000 shares at $10 each payable in full to the Company's Banker: on or before 30th September 1941:1 these shares will be offered shareholders on the Register on 1st April 1941 in the proportion of one share for every complete three shares held. Shareholders will be their given power to renounce rights under such offer. No rights will attach to any fractions.

LONDON

POWELL'S

THE MEN'S

MEN'S SHOP

INVITES

YOU

to see their smart selection of NEW GLYN HATS. Fashioned from Pure Fur Felt in the latest soft tones of Brown, Grey, Green, Fawn, Navy, Black and Airforce Blue. What is well worth mentioning many are almost paper weight.

BOWLERS PANAMAS

TWEED CAPS

to

Both these issues will rank for dividend as from 1st July 1941.

THREE PER CENT.

UNITED STATES MAYORS, PARTICULARLY THOSE OF CITIES ON THE EAST AND WEST COAST, WERE YESTER- DAY URGED BY MR. LA- GUARDIA, MAYOR OF NEW YORK, TO TACKLE IMMEDI- ATELY THE PROBLEM OF AIR RAID PRECAUTIONS.

Mr. LaGuardia was speaking at the Mayors' Conference at St. Louis (Mo) and added that while: there was a 97 per cent chance of not being attacked, neither the United States Government nor any mayor could afford to take the three per cent chance. Reuter.

UNIFORM CAPS BREST AND CALAIS

to order

Priced from $16.50

V.

Less 10% Cash Discount.

Wm. POWELL, Ltd.

Bole Agents for Glyn & Co ,, 44, Old Bond Street,

London, W.

10, ICE HOUSE STREET

BOMBED

Bombers of the Coastal Com- mand yesterday attacked the na- val base at Brest and the docks at Calais on the French Coast, according to an Admiralty com- munique

4

All the planes refurned safely. -British Wireless,

JOE LOUIS FIGHT. POSTPONED

(SPECIAL TO "CHINA MAIL") The projected fight between Joe Louis, world heavy-weight champion, and Arturo Godoy, has been postponed, according to an announcement by Mike Jacobs, International

MATSUOKA'S DIPLOMATIC MANOEUVRE

The Indian press yesterday dismissed the Japanese media- tion move merely as a diplomatic manoeuvre and draws attention to Japan's inconsis-

tency.

The Nationalist "Bombay Sentinel" Japanese me- says diation is not wanted. With Britain's grow- in ing preparations the Far East the Ja- panese daily are be- coming more friend- ly.-Reuter.

ITALY MAKES IT UNANIMOUS

Italy's reply to the Ja- panese offer of mediation is that the Axis powers ore determined to con- tinue the war until final victory.

"Rome circles," says the official Stefani agericy, "affirm that it is understood that the Japanese intended spokesman's words are

for to emphasise Japan's desire peace and do not mean there is be- any possibility of mediation tween the European belligerents.

"It is categorically declared that the the Axis powers remain in position several times stated, that is, they are firmly determined to continue the war until final vic- tory."-Reuter.

STOP PRESS

The prefix "special" to telegrams in and used by the "Sunday Herald" "China Mall" to indicate news which is strictly copyright under the provi sians of the Telecommunications Or dinance, 1938, and may not be reprint- either ed under any circumstances, wholly or in part, without prior wr

rangamant,

GENERAL ELECTRIC

MADE IN U.S.A.

ELECTRICAL APPLIANCES

ANDERSEN

MEYER & CO..

SHOWROOM PAZAR HOUSI

Published for

GORDON CADE BUL

otors, The Newa "Windsor Hot