1941-03-19 — Page 8

GOOD USED CARS

Make of Car

Studebaker Roadster

Studebaker Sedan Bu.ck Sedan

Studebaker Sedon Morris 10 Saloon Singer 1 Sa'oon Standard 12 Saloon

Vauxhall 14 Coupe

Ford Sedan

Vauxha 14 Saloon

SS Sa don

Year

Price

1933

$ 650.00

1933

750.00

1935

2200.00

1935

1200.00

193-1

850,00

1935

1400,00

1937

2000.00

1936

1800.00

1934

1200.00

1935

1935

1400.00 1300.00

cara All cars serviced the came as for new

ADDITIONALLY

VALUE

CARRY

ALL UNITS OF $1,500 AND OVER IN THE HONG KONG HOTEL GARAGE GUARANTEE FOR THREE MONTHS

INSPECTION AND TRIAL INVITED

HONG KONG HOTEL GARAGE

Phone 27778-9

Stubbs Road.

'THE CHINA MAIL, MARCH 19, 1941.

R.A.F. GIVES NAZIS NO ́ RESPITE

MOVING OUR

FRONTIER GERMANY

AIR

ΤΟ

VIBRO PILING MEETING

(By An Air Correspondent)

THE ROYAL AIR FORCE is now engaged on the gigantic task of shifting the air frontier. That, and nothing less, is the meaning of the remarkable operations which British aircraft have been under- taking in the past few days.

We can take and hold the offensive. By day and by night the enemy must now expect a ham- The annual general mering from the air such as no nation in history meeting of

Vibro has ever had to withstand. With every fresh as-

the

GEO. FALCONER & CO., LTD. Piling Company. Limited. sault the air frontier will be pushed farther and

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ENOS FRUIT SALT

1 be

words Ene

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registered

trade myks 2APB5-

took place at 12.30 p.m. to-day, when a profit of $11,410.00 was disclosed.

There were present Messrs. S. M Churn (Chairman). J. J Basto, the Hon, Sir Robert H Kotewall, C.M.G. (Directors), F. F D'Almada Remedios (Secre- tary). Leo d'Almada e Castro, Jr., C. H. Basto, Ε W. Black more, La Pang-lin and Lam Shu- chuen (shareholders).

The Chairman said

"If you will look at the Profit and Loss Account, you will ob- serve that after making provision for all charges, including War Tax. the proft for the year amounts to $11,410.00. You will also observe,

farther over and into Germany.

In August and September the Royal Air Force, owing to its numerical inferiority to the enemy, was on the defensive. It was fighting against odds to preserve our islands against the invading air forces.

machines were It was fighting most of year the enemy

falling in hundreds on British soil, the time over Britain.

a sign of tactical superiority but Only at night was it able at the same time a sign that the enemy was on the offensive and to strike back and to as-

that we

defensive, were on the sume the offensive.

Now enemy machines will be fall- ing in Germany and in Germant- occupied country.

Now the position is different From being over the South Coast, and even over London, the air frontier is being shifted to the coast of France and to the Ger- men bases beyond it.

however, that in this year's 3-! It is the clearest and most posi- count no charge has been made for.

side.

Increased Losses

Likely

We shall lose more heavily. Directors' fees, which according to live sign of growing air strength. That is almost certain and must price of the the Articles should be a sum equal. It is the recapture of the offensive be accepted as the

air offensive. But the to 10% of the profit for the year. the air such as the Royal Fly-sustained

Corps maintained almost total effect on the German war The reason for this, is that as we ing

throughout the war of 1914-18. effort will be far more markedly have written off from General Reserve the sum of $18,849.43 ber

Then it was the exception for in our favour than any successes ing Deferred and other Charges in

an enemy aeroplane to be shot in defensive operations. down over friendly country. We connection with the Manila Agency |

technical shall employ which was terminated last year,

Nearly all the British victories superiority even greater than we

last were achieved far over the other enjoyed

year your Board has, subject to what

against the shareholders

which ap- may think, waived

enemy, and numbers right to any fees in respect of the

proach and will soon exceed his year, a gesture which, I sincerely

own. Already the pressure of our hope, shareholders will appreciate.

reserves is great. And it is steadily "Turning to the Balance Sheet

mounting. this statement, to my mind, has been drawn up in the usual ex - planatory manner, and beyond re- heating what I said a moment ago concerning the necessity of hav- ing to write off from General Re- serve the sum of $18,849.42 in res- pect of Deferred and other Charges in connection with the

In August and September' last

commendation of the same divi-

We shall not follow the Ger- dend as in the previous year, but

man example of trying to take the without the bonus of 25 cents per

offensive and then being beaten share previously paid. The Board and forced to abandon it. When feels, however, that shareholders

once we start the Germans will will understand that the general uncertainties of the future require comes to them through the inter- know no respite except such as a certain amount of caution at this vention of the weather. We shall time, and although the present

Manila Agency, thus reducing the year has started under favourable not cease, but continue on a steadi-

ly increasing scale. conditions, it appears to your Board that a husbanding of some Company is advisable. of the undistributed profits of the

amount of the General Reserve Account to $20,150.57, I do think that there is to be found in Dut the Balance Sheet any items re- quiring explanation from me.

Same Dividend

A great problem of planning confronts the Air Staff in institut- ing this offensive. But it is a Sir Charles Portal, Chief of Air thing to which Air Chief Marshal -

Staff, has been looking forward for months. He will use every ingenuity and every stratagem to gain our objectives with the small- est, possible loss. any questions

"With these remarks, I formally propose the adoption of the Re- ports and Accounts as presented, and the appropriation of profits as recommended, and when this mo- tion of profits, which no doubt is pleased to answer

"On the question of appropriation has been seconded, I shall be of the greatest interest to share which shareholders may wish holders, the Board regrets that it

ask "

is unable to go beyond the re-i

C. Ingenoht's Cigars

C.INGENOHL'S Cigar Stores

Appreciation

to

The motion was seconded by the Hon. Sir R. H. Kotewall, C.M.G., but before it was put to the Meet- ing, Mr. Leo d'Almada e Castro, Jnr., said that as a shareholder he thoroughly apprecisited the gesture of the Board in waiving its right to fees, but he felt that as work had been done on behalf of share holders, he thought that they should see to it that the Board was paid for its services, particularly so, having regard to the fact that the amount which had been writ- ten off General Reserve was of the character of "Deferred Expendi- ture." He, therefore, moved that the Report and Accounts and re- commendation as to appropriation of Profits be adopted, and in ad- dition that the Board be paid a fee of $1,141.00, this figure being the equivalent of 10% of the pro- fit of the year as shown by the year as shown by the Accounts.

The amended proposal was se- conded by Mr. E. W. Blackmore, and on no questions being asked by other shareholders, was put to the Meeting and carried unanim- .ously..

There will be an interesting secondary effect when the offen- sive reaches its peak. The Ger man night raiders will work less often and in diminishing strength; At last the real answer to the enemy night raiders emerges, the sustained, mounting and systema

tic aerial offensive.

Reward Of Planning

to It is worth giving thanks

aircraft in- those in the British dustry and those in charge of the R.A.F. who founded the magni- ficent machinery which is turning out aircraft at a high rate.

now

Espocially praiseworthy are those who looked forward and planned on a targe scale, for aircraft production cannot be achieved In a short space

time.

of

It is always and Inevit. » ably the result of long-term planning.

Later on thanks are also due to

those who, under the energetic leadership of Lord Beaverbrook, Minister for Aircraft Production, have built up our force and sup- plied it with the scrried reserves which now stand behind it, and to the factories in the United States which now stand as a secondary reserve of incalculable stength. On the motion of the Chairman, Those work-people and those seconded by Mr. F. E. d'Almada United States factories may now Remedios, the Hon. Sir Robert H. be called on even more urgently Kotewall, C.M.G. was re-elected a for the tremendous sprint which Director for the ensuing year, will enable us to achieve decisive whilst on the motion of Mr, C. H. superiority in the air and to hold Basto, seconded by Mr. J. J. Basto, the air over Germany and Ger Messrs. Lowe, Bingham and Mat man-occupied, territory as if it thews were re-elected Auditora.

The Chairman thanked share- holders for their presence and an- nounced that Dividend Warrants; were ready and could be had on application.

were qur own.

When they see how the Royal Air Force is making use of the machines, they turn out those workers. 'respond with all their strength.