1941-03-31 — Page 9

UNION BLDG. OPP. G.P.O.

Kowloon Docks To GEO. FALCONER & CO., LTD. Improve Berthing

CONSTRUCTION OF a new deep-water GUARDS

berth at Kowloon Dock was announced at the

annual meeting of shareholders, held this ON AXIS

morning with the Hon. Mr. Stanley Dodwell presiding, of the Hong Kong and Whampoa Dock Company, Limited.

The Chairman said: The Gross position may be rendered as ses Proft is $1,910,755.62, a slight in-cure as we can make it. crease on that of last year, and the Net Profit, $1,232.428.04, is also Somewhat more than the corres-j ponding figure of 1939.

The Balance Sheet, you will ob serve, has been prepared in a new form and the appropriations this recommended by your Board

have been incorporated mit. bust you will find it an improve ment on the old form

as

I

Prudence

LINERS

The number of Italian ships on which armed American guards have been placed is now stated

If ever there was a year when word, it is surely this one. prudence should be our watch-to be 28, including the

The lessons of the past, the on siderable decrease in the amount scurity of the future, and the con-

convinced your Board of the wis- of tonnage using the Port, have

dom of strengthening out reseIVES, Our stocks are conservativelyla poliev which I feel stire will bej

Deprecation of Stocks & hodeheartedly ad Plant and Property Runer shareholder

valined

supported by

By speaking on the Some basel Seconding the adoption of thel ural, but and stierees have JELCOMITÈS, than Hom Mi A Į. teen tande in spread item.

Shields auch It

as gratifyin hanelled that ter so lean years the OL ELCT har here

Larger Stocks

Mere P

pally

tuned and I hope prosperity may

only a slight redu troj fonimue for the company where in,

I otteel the oldest and mot an avendrait The 2. 1

portaris in the Colony

山 Siyank alia: ger

Mik than tal, the replace

cent of whovel under present con- !

I am sure that shareholders will

heartly approves the propuser

Calcas is often subgre1 lo delay bou to staff It is a matter fot

and difficulties of all kund

18 y

| congratulatasın

to all concerned

to the fineriving of DHE cons that in spite of the long depres

programare, and partly sim calling for strict economy and payment for 12 lant

possibly some hardshups such For Latal

competent and efficient staff has been held together, It as night that they shottle now share our prosperity.

FORM

deep-water,

"Conte 23,000-ton liner

bal, Panama. Biancamano," at Cristo-

Guards have abo been placed on two German sups, namely the "Aracuna," at Port Everglades, I Flonida, zund th "Pauline Freder wh. at Bus ell

Discovery of "wholesale damage" on some of these ships was announced by Mr. Herbert Gaston, Assistant Secretary to the Treasury.

The ward the measures taken ar Calisequince of this chiservery

purely prairetive 15 Prest dent Roosevelt, he added, had ap proved the steps taken

Reuter

INDIAN WATCHMAN

DISCHARGED

the quarent me, th

You will remember that when I attdressed gets last year Letersi red to the meres ily of a hat ang a deep-water berth in large that Stocks have been conserva-'discharged by Mr

Rangit Singh, 35, private watch- man employed by Sheun's Circus, who was accused of assault, was H C. Mar-

1 welcome. Sir, your assurance

Inventories often | Mamara this morning. requinte drastic revision due

to

tively valued. 617-

The complainant. Lo Chi-him.

ships, in addition to the emer de extr giant cale With only one berth suitable for large ships changes in replacement costs and 21. hawker, absounded last Thurs- 41 hope the Board will continue in good times the policy of writing down Stocks, Plant and Property and strengthening reserves.

WO Wee Co-

ander this crane, stantly having 1 nove Vessels, much to the converuence of

hent and ourselves

New Berth

Mr .} Vaswani proposed the re-election of the Hon. Mi SH Dodwelt and the Hon A1 M K Taas Dareefors, and Mr K. H La seroticed

During the year, we have con- pleted the pti che fret the Goy - M Leung Fal-tin projeand curte 4.mercad a part of the foreshore 'Emotico of the apponiment out to deep water on the east side Mr ST Williamson as Director of our East Yard, and it is here secunded by Mr. K. K 1.F thai we are construet ng the new! The re-election of the auditors. sleep-water berth The bunda-Messrs Lowe Bingham and Mat- Tips for the sea wall are now un-thews and Messrs Percy South. Gen Ponstruction. Other than this. Seth and Fleming was proposed by development during the year has Mr G W. Sewell, seconded by been all A few now machines | Mr. P Tester.

Fave been pelased, and a few All resolutions were umanon Titior impa ovements m the stingly adopted

(Chairman)

of existing macies and plant These present were the Hom. have been carried out with proved Mr. S. H. Dodwell namuse of efficiency, particularly the Hon Mr J. J. Paterson. th in the wave of the East Yard ship-| Hon Mr. M. K. Lo, Messrs. 1. tanding machinery.

Karloore, D. Drummond, ST.

F.

A.

AL it time like the present, Williamson, E. Cock, AL.B.E. Bhough we have no special serrets M.IN.A (Chef Manager) M to preserve. I am sure you will all L. Hosie (Secretary), Messrs realse that it is not desirable to Vaswani, K. H. Lo, K, K. Lo, the broadcast our activities. Suffice it Hon. Mr. A. L. Shields, Messrs. to say that in spite of the reduced Leung Fat-tin, Wong Chi Po, M. amount of tonnage using the Port, H. Lo, G. W. Sewell, G. V. T. we are satisfactorily busy.

Marshall (for Mrs. Ida Marshall)

I should like. however, to eny, Percy Tester and Ezra Abraham more than usual in appreciation (Shareholders).

of the loyal co-operation we are receiving from our Stuff both European and Chinese who are all work ng as if they thoroughly un- derstood the importares of the nation work upon which we are engaged.

More Self-Contained

By their efforts, we have been able, where necessary, to develop our facilities and overcome many of our difficulties, with the result that we are becoming more and \ more self-contained.

denced

The same spirit as has been evi

in their regular duties with us has been displayed in their voluntary activities, and I have nothing but praise for the

AN ATTEMPTED BURGLARY

Charged with attempted burg- lary at No. 1A, Kennedy Street. six months' hard labour by Mr. Fung San, 21, was sentenced to H. G. Sheldon K.C., at the Cen- tral Magistracy this morning. told the Court

Detective Sergeant V. Morrison that defendant gained entrance to the house by

to climbing up with a piece of rope.

Defendant was also ordered to be placed under Police supervi-

way in which both the European siou for two years.

Staff and their wives and famil- ies accepted the evacuation order

and made the best of a bad job.

the

verandah

HANDBAG THIEF CAUGHT

Mak Pai, 22, was sentenced to

I have no shadow of doubt that shareholders will approve the bonus to staff proposed, which is additional to the allowances we are making to both staff and work- men to meet the Increased cost of three months' hard labour by Mr. living.

G. T. Lowry this morning, for For shareholders, we recom- stealing a handbag, from Mrs. E. [mend a dividend of six per cent. Suyder, a visitor, to the Colony, and a bonus of five per cent. in Des Voeux Road Central last which will absorb $454,897.30, a Saturday. slightly larger proportion of our Detective-Sergeant J. ̈R. Sykes net profit than last year, The told the Court that Mrs. Suyder special War Taxation has cost us left the Colony early this morn- $118,657.70 and of the balance re-ing. The defendant was arrested maining we propose to put $750,- with the handbag which contain- 000 to General Reserve, and car-ed money and other articles, ry forward $194,743,43 so that our valued at $120.

day evening from the Kowloon Hospital where he had been un- der heatment for a fractured arm and a dislocated elbow.

EST. 1855

Specialists in

Repairing Watches, Clocks, Chronometers Binoculars and Technical Instruments. All repairs are carried through in our own workshop under European Supervision.

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TEL. 28755

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