1941-02-25 — Page 13

HONGKONG & SHANGHAI: |BANKING CORPORATION.

Authorised Capital ....

...........$50,000,000

Issued and Pully Paid-up...$20,000,000 Reserve Funds:

Sterling ...

Hong Kong Currency Re-

Berve

Reserve Liability of Pro-

prietors

£ 0,500,000

..$10,000,000

.$20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS: Hon. Mr. J. J. Paterson, Chairman,

W. H. Lock, Esq., Deputy Chairman.

(), Miskin, Esq.,

K. S. Morrison, Esq. Hon. Mr. T. E. Pearce. Hon. Mr. S. H.Dodweli. Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn

J. R. Bousfield, Evq,,

A. II. Compton, Esq.,

1., J. Davies, Esq.,

9.

China Lights (Old) $6.15

$64 34.

b..

H.K. Electrics (Old) $42/4134

Telephones (New) 59.90 sa. Bangkok

sa.

Amoy

LAST DAY'S SALES $5,000 H.K. Govt. 3% Loan Bomhaz

Batavia

Calcutta

095

Centon

150 Electrics (Old) @ $41% 16 Electrics (Old) @ $42

Chelso

Colombo

Dairon

Foochow

Chief Manager.

BRANCHES:-

4

Ipoh

Jubora

Kobe

Kowloon

Balgon

San Francis Shanghai

Kuala Lumpur Singapore

Londoa

Lyona

Maloc

Manila

Bourabays

Sougol Patani

Swałow Tientsin

4

United Express, winner of won $397.600 for the holder of

the Rooty Hilt Derby, being led in after his win yesterday which Ticket No. 538127.

H.K. TRAMWAYS SET THREE RECORDS

RECORDS IN RECEIPTS, passengers and car miles were revealed at the annual meeting of the Hong Kong Tramways Limited held at noon to-day at Messrs. Jardine, Matheson and Company, under the chairmanship of the Hon. Mr. J. J, Paterson

Those present included Mr. A. H. Compton, the Hon. Mr. M. R. Lo, the Hon. Mr. T. E. Pearce and

last, Mr. Saunders said Sir Shou-son Chow, (Directors); Messrs. T. N. Chau, H. S. Hills, (inter alia) "Owing to the war in B. Wong Tape, D. V. Steavenson, Europe the local bus companies are finding difficulty in obtaining F. W. Stapleton, James Séto, H. Gittins, M. H Lo, Douglas Hung, delivery of their orders, some of over a year Choa Seng-choo. H. W. Lee and which were placed

trams, our ago; and as for the John Fleming. (Shareholders) Mr.

ager,

and Mr. W. F. Simmons, Secretary.

The Chairman said:

the Colony'a trams and ing of

According to the "South bures. China Morning Post" of Novem- ber &

200 Telephones (New) @ $9.90

@ $64

400 Lights (Old)

PETROL LACK DELAYS A.R.P.

consequence of the shortage of

Our fares of 6 Lack of petrol is blamed by one cent coins. cents Arst class and 3 cents third Chelsea Borough Council for delay class (on all except Shaukiwan in improving A.R.P. shelters. cars) whilst being exceedingly | The War Emergency Committee low are, at the same time, very reported: "Our chief problem has cumbrous and necessitate an en-been the inability of the manu- ormous amount of change.

facturers, owing to the shortage glad to say, however, though there appears to be a con- tinued shortage of one cent coins since the position has improved the China New Year holiday.

that

1 am

al- of petrol to deliver the large quantities of steel ordered by us from the mills.

years

|

"This is a Berious hindrance in our plans and we have taken the matter up with the petroleum of- ficer concerned."

HIS HAMMER KILLED HIM

Haiphong

Elankow

Marbla

Iloilo

Muar Johore) Tokyo

Mukden

Tsingido

New York

Yokohama

Potping

Peneng

in Local Currency and FIXED DEPO- SITS received for One Year or shorter periods Local and Other Currencies

will be quoted terms which application.

CURRENT ACCOUNTS opened

on

on

SAFE DEPOSIT BOXES of various sizes To Let.

TRUSTEE and EXECUTOR business undertaken,

Hong Kong 13th December, 1940.

HONG KONG SAVINGS BANK.

The Business of the above Bank is conducted by the HONG KONG AND

AND

SHANGHAI BANKING CORPORATION. Rules may be obtained on application.

FOR THE HONG KONG SHANGILA! BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager.

Hong Kong, 1st March, 1937.

THE BANK OF EAST ASIA, LTD.

апа Undivided

A carpenter, Bernard Christop- her Boardman, fifty-one. of Ken- Authorised Capital sal Road, North Kensington, Lon-Paid-up Capital don, working at a London factory, Reserve mer weighing three-quarters of a stood on a ladder to use a ham-

pound.

After coming down, he moved the ladder. but forgot he had left It fell about the hammer on top.

10ft, and struck him on the head.

He died in hospital,

$10,000,000.00 5,508,600.00

Profits

2,933.281.50

HEAD OFFICE:~HONG KONG 10, Des Voeux Road, Central.

BOARD OF DIRECTORS:- Hon. Sir

Shou-son Chow. Chairman: Li Koon Chun, Esq., P. K. Kwok, E. Ching Tong, Esq.. Chan Wong Yun Shek, Esq.. Li Lan Sang, Esq., Wong Chu Ben, Esq. and Fung Ping Wah. Esq.

On the subject of fares I told you from this Chair two ago that our fares were amongst the lowest of any road passenger the world. transport system in The fare for the longest possible 3rd class tram ride in Hong Kong, at the present rate of exchange, works out at 0.11 pence per m le. or 9 miles for a penny. Further, no charge is made for luggage al- though our bye-laws provide that nothing over a cubic foot in mea- surement will be allowed as per- sonal luggage. Our conductors are taught to be tolerant and to al- low anything on the platform free is not L. C. F. Bellamy, General Man- service is the most frequent in of charge so long as it

the world, and you cannot very offensive or too unwieldy. well pul any more of them on the rails." Asked to explain this Mr.Social And Civil Service

Chau, said the matter would be For the third successive year we

Saunders said that a recent check

next Board To quote Mr. D. G. M. Bernard, brought up at the are able to say that new high re-made on the tramway at the bot-

torn of Garden Rond showed that who presided at the annual meet-'meeting. in been established

that point at the ing of this Company on February | The re-election of the Hon. Mr. respect of traffle receipts, passen- trams passed

do per hour of 176

both 27th, 1928, "We do not all J. J. Paterson and the Hon. Mr. gers and car-miles.

directions which meant 89

per this--and at our low fares--froin M. K. Lo and confirmation of the

molives, but hour in one direction or one tram philanthropic are

as appointment of Mr. L. J. Davies every minute.

part of the social and civic ser-

as Directors was proposed by Mr. Osloutta vice which your Company is B. Wong Tape and seconded rendering to hundreds of thous Mr. F. W. Stapleton. ands of the Colony's population." The re-election of Messrs. Lowe,

Returning to the accounts. you Bingham and Matthews as will note an unusually high Dona-ditors was proposed by Mr. D. V. tion figure this includes $25,000 Steavenson, and seconded by Mr.

South China H. Gittins. Morning Post War Fund. The ad. dition in the head "House & Other Property" represents purchase an engineering staff residence

Road Broadwood

conveniently located to our ma'n Russell Street depot. The remaining detail

without I think, perfectly clear special comment."

cords have

Passengers at 74.208 000 up by 3 million or 4.64% and traffic receipts up by $153,000 or 51%.

New Taxation The profit for the year, before allowing for the new Corporation Pronts & Property Tax. is $1,242,- 650 or less by $183.507 than the previous year's profit but this is more than accounted for by the new rate of 25% Royalty effective throughout the year as against a rate of 5% until September of the previous year.

For 1940 this liability amounted ta $374,468 against $147.402 to 1939 an in- crease of $227,066.

rate

in

Where In The World

Where in the world do you get

festivities last was made

103 cars

such a service?" he is alleged to have said adding that he did not see how the Tramway Company subscribed to the

the could put any more cars on rails. Consequently during the China New Year month a fresh check at the bottom of Garden Road. On February 28, with operating (30 of them on the short distance run Western Market- cars passed Causeway Bay) 218 per hour during the heavy traffic periods or 100 cars in each direc- tion, or a headway between cars

!

of

is,

E

Kan Tong Po. Esq., Chic Manager. Hon. Mr. Ll Tre Fong, Manager.

BRANCHES AND AGENCIES:-

Manila Melbourne

A moj Brun

Bombay

Halphr.ug by fankow

Honolulu Robe

au-

at THE CHARTERED BANK

OF INDIA, AUSTRALIA AND CHINA. Incorporated by Royal Charter, 1853.

£3,000,000 Paid-up Capital

£3,000,000 Reserve Fund Reserve Liability of Pro-

prietors

£3,000,000

Deducting the War Taxation as- In other words we are handing

'sessment of $136,203.60 in respect over to Government in respect of

& Pro- new Taxation and Royalty on last 33 seconds. Thanks largely to of Corporation Profits

the Hong Kong Electric Company perty Taxes and including the sum year's working $510,672 an in-

an additional of $128,262.25 carried in from last having provided crease over 1939 of $363,269.

available is As foreshadowed in the Chair-traction sub-station, no trouble year, the amount man's speech last year, two addi-(electrical or otherwise) was ex-$1,234,739.08 of which $100,000 has it is obvious that been allocated to General Reserve tional trumcars were put into perienced but

the claims of the workshop and Account.

routine overhauls paintshop und prevent a service of this great

SKIN INJURIES

Dividend Unchanged

HEAD OFFICE: LONDON: 38, Blahopagate, E.C.2. Sub-Agencies in Londoni 117/122, Leadenhall Street, E.C.2. West End Branch: 14/16, Cockspur Street, S.W.L. Manchastor Branch:

Bangkok

Calovita

Saigon

Beremban

awapora

Karachi BILDE Agencies: Koba Clive Street Koale Ipsa Fairlie Flasa Kuching Canton

Cebu Dolombo

Bhangbai

Singapore

Fitiswan

Bourabaya

Madras

Taiping Montefa

Manila

Toughsh

Medan

(Bhuket)

New York

De

Pripios

Yokohame

Haiphong Hamburg

conmission during 1940 bringing the total to 109, In this connec-

52, Mosley Street, Blanchester, 2. tion 1 have been asked to com- frequency being maintained nor- ment on an interview given to mally without increasing the total

Dividend An Interim

of 50 AGENCIES AND BRANCHEST

Bankow

Penang the Press last November by In-of available vehicles. It is there- cents per share was paid in August Alor Bar

Rangoon spector Saunders (head of

Bong Kong the

fore the intention of your Direclast and the Board now

recom-Amritane

Hollo Traffic Branch of the Police) retors to acquire a number of addi-mends a Final distribution of $1 Baria

po garding the prevailing overcrowd- tional tramcars if the present con-

gested conditions continue and per share making a total dividend Boobay. when our British suppliers are in of $1.50 for the year 1940, amount- n. position to execute our orders,ing to $975,000. This is the same Meanwhile we are still awaiting as paid for 1939 and leaves the delivery of tranicar trucks, air increased balance of $159,739.08 to quickly heal when treated with brake equipment, traction motors, be carried forward.

I now propose the Resolution: She-Ko. If the skin is broken a steel tyres and axles etc.

"That the Report of the Direc.. light bandage should be applied We now have 38 tramcars fit-

tors and Statement of Accounts with a thin layer of She-Ko, ted with air brakes. We

for a further 40 for the year ended 31st Decem-

FOREIGN FXCHANGE' and General whilst in the case of bruises the placed orders

ber, 1940, as

be

Banking Business transacted.. injury may be rubbed with the equipments but delivery is ex-

adopted and that a Final Divi

CURRENT ACCOUNTS opened and "ointment.

ceedingly slow..

dend of One Dollar per share,FIXED DEPOSITS received to. One] Keep a tin of She-Ko in the Regarding the track, you were

hereby declared, be paid for the Year or shorter periods in Local or Other: Currencies at rates, which will house and you will be prepared told last year that Causeway Road

year 1940," for emergencies. It is equally was to be raised and widened and

Mr. T. N: Chau seconded the adop.be quoted en appleation

EAVINGS ACCOUNTS, #iso opened. in good for the curative treatment of that it would be necessary for us

to construct, a new double track tion of the accounts and congratu- Local Currency and Sterling with in skin complaints, .

between Causeway Bay and the lated both Directors and staff on terest. allowed at rates obtainable on western end of King's Road: This the good results achieved by the application.

The Bank's Head Office in London work hos been postponed pro company. He proposed an increase bably for the duration of the war. in Directors fees which, he said, undertakes Executor and Truster buel had remained unchanged since then, and claims recovery of British Insome Tax overpaid, on terms which Coin Shortage

of the incorporation of the company," in may be ascertained at any spite of the company's progres.cles and Branches,

R. A. CAMIDGE, sive developments.

SHE-KO

quickly soothes and heals.

..

have

We have experienced consider able trouble, during the year in

presented,

The Chairman, thanking Mr.

Manager

Kowloom London

Beatle

Samarang

Nagasaki

Bhanghai

New York

Paris

Singapore Bowrabaya

Pelping

Swatow

Sydney

Tientsia

Penang

Rangooli

Balgon San Francis

VADODUTT

Every description of Banking and Exchange business transacted. Loans granted on approved secrʼriifes.

Current Accounts opened in Local Currency and Fixed, Deposits received for one year or shorter periods In Locul and Foreign Currencies on term which will be quoted on application.

-Safe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager.

THE WING ON BANK, LIMITED.

Head Office: Hong Kong, 26, Des Voeux Road, Central. Authorlaed Capital... $10,000,000

LONDON BANKERS:- Westminster. Bank,' Ltd.

and Foreign Exchange description of banking business transacted.

every

Current Accounts and Savings Accounts opened. Fixed Deposits received at rates which will be quoted on application.

Safe Deposit Boxes for hire.

PHILIP GOEKCHIN,

· Chief” Manager.

FOR SALE

Hong Kong Centenary

Envelopes

"with "View" of Hong Kong in #1841 and 1941

for

First Day Issue-of

Centenary Stamps

at $1.00 per doz. envelopes GRACA & CO. Dealers in Postage

Stamps, Garden Seeds, Picture Books, eta,

No. 10

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