1941-04-03 — Page 13

HONGKONG & SHANGHAI

BANKING CORPORATION.

] :

Authorised Capital

1,850,000,000

Issued and Fully Paid-up ...$20,000,00 Reserve Funda :--

Sterling

Hong Kong Currency Re-

serve

Reserve Liability of Pro

prietors

....£ 6,500,000

$10,000,000

..$20,000,0G#

HEAD OFFICE: HONG KONG, BOARD OF DIRECTORS; Hon. Mr. J. J Paterson. Chairman,

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

J. K. Bousfeld, Req., G. Miskin, Zaq..... A. II. Compton, Esq., K. 8. Morrison, Esq. L. J. Davies, Esq., Hon. Mr. T. E. Pearos, Hoa. Mr. 6 I.Dodw từ Hon, lắc. A. Zin Satoldin Str. Vandélet M. Grayburn Chief ‹Manager.

Lindy Bangkok Batavie

b., Bombay

Calcutta Canton Uholno

BRANCHES

Ipob

Jobors

Robe

Kowloon

Bangcom Baigun

·Fan Francisse

Shanghai

Kuala Lumpur Hingspore

London

Lyons

Bours beya

Bungai Patent

Colombo

Malacca

Bwałow

Datron Hoochow

Mandia

Timstein

Must (Johor) Tokyo

Haiphong

Mukden

b.

ankow

New York

Tingbea Yokoyama

Harbin

Priptog

b.

STORES, &C. Dairy Farms X.D. $174 b. Watsons X.D. $9.85 b., $9% sa. MISCELLANEOUS Entertainments X.D. $6.30 b. LAST DAY'S SALES $5,000 H.K. Govt. 3% Loan

@ 942

re

the

100 Docks @ $15.80

pur-

your

the

the

200 Docks @ $15.85 400 Docks @ $15.90 100 Docks @ $16

flag, a Naval Surgeon conceived the idea of establishing a dispen-, sary it was a matshed affair!

It is satisfactory to note that all Building is $20,000 less than that of the situated at what was then known

have

contributed previous year. Shareholders may as Possession Point and fulfilled Departments

that for 1938 and 1939 the function of furnishing medi-substantially towards this favour-member

In particular our amount annually provided for this cal requirements to the Services able balance,

pose was $30,000, but last year Canton Branch, after adverse re- under the title of "The Hong Kong sults for the last few years, show- Directors, having due regard to Dispensary." a name which is stilled a fair profit on the year's work- associated with the Retail Drug portion of our present day busting, a commendable performance,

I am sure you will agree, taking celpts of the past twelve months have ness, Dr. A. S. Watson, to whom into consideration the difficulties shown an actual increase instead of a our Company owes its name, did

and your Directors, taking not arrive in the Colony until 1858 und restrictions which the pre- decrease. and, as may be imagined, the acti- sent situation in that area imposes into consideration this fact, and

on trading operations. vities of the concern were confined

Fluctuations

to

a

uncertainty of the time. adopted prudent policy of increasing the pro- $50,000. However, the re vision to

pay

D150

now

the facts that the Company has

War Taxation amounting to nearly $20,000 and that the amount standing to the balance of this Reserve has reached the sum of $580,000, have

Coll-

1,500 Providents @ $5.37% 1,000 Providents @ $5.40 1,750 Lights (Old) @ $6.20 400 Lights @ $6

500 Watsons @ $94 200 Lands @ $33

FALSE PRETENCES

CHARGE

Sentence of

hard

*

Penang

CURRENT ACCOUNTS opened t Local Currency and FIXED DEPO SITS received for One Year or shorter periods in Local' and Other Currencies terms which will be quoted on application.

on

SAFE DEPOSIT BOXES of various sizes To Let.

TRUSTEE and EXECUTOR businėsa undertaken,

Hong Kong, 26th February, 1941. HONG KONG SAVINGS BANK.

The Business of the above Bank 18 conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION, Rules may ce obtained on application.

FOR THE HONG KONG SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN..

Chief Manager.

Hong Kong, 1st March, 1937.

AND

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Paid-up Capital

Reserve and Undivided

Profits

..$10,000,000.00 6,590,600,00

2,983.201.60

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

BOARD OF

Before concluding my remarks, almost entirely to the dispensing feel it opportune to relate of medicines and the sale of drug- gists' sundries although it is of you a pleasing incident that oc- interest to note that even at that Curred in recent months, when decided to revert to the sum of $30,000 as an appropriation for this head of early stage. the manufacture and received a letter addressed to me

This action has the On opening the en- expenditure. personally. sale of Aerated Waters was carried

velope I was surprised to find currence of the Auditor.

six months' on.

"There have already been four pay- with $2 000 in Bank notes covering letter in Chinese which,ments of Interim dividends, three of 83 labour was imposed by Mr. H. C. a share and one of $2 a share, amount- Macnamara at Kowloon this on translation, indicated that the ing in all to $11 a share. Your Dires morning on Tong Wong, 32, for sender had transacted business tors are now pleased to recommend aobtaining money by false pre- During the many years I have with "Watson's" about 40 years anal dividend of $2 share, making been associated with the Com- pany - first of all in London and age but, unfortunately, his firm in all $13 a share for the year, as com

On March 28, accused went to Hon. went into bankruptcy owing ourpared with $10 a

Cheungshawan Wong Yun Torig. Esq. Chan Ching subsequently here I have na- Company about $1.500; continu-vious year. The reasons which prompt- Warner's Cafe, turally witnessed many changes affecting the development of the ing, the writer advised that sub-ed your Directors to pay such divi-Road, and asked for contributions ghck. Esq. La Lan Sang,. Esq., Wong theto start a club for Sanitary De-Chu Son, Esq. and Fung Ping Wah..

Esq. Colony and. consequently, busi- sequent to that time he had "made dends and at such intervals are

has been prevailing in the Colony, and

The master had him arrested. ness life of this community. Like good" and, returning to the Col-exceptionally high cost of living that partment employees.

Accused later admitted that he concerns our Company ony on retirement, he had not for- the requests received from many share-

gotten this amount owed by him holders to pay as many and as large had obtained $2 by that method has on this account experienced and consequently, in order to re-dividends as the financial position from two houses in Shamshuipo.

all other

a

share for the pre-

fluctuations of fortune and I can

Company would permit. Your pay his debt plus interest, he now the well recollect-about thirty years enclosed

amount. 'Directors must, however, make it clear the aforesaid ago when the Company was un-

---certain anonymous correspon-

We were unable to get in touch

with the sender as no address was

In exceptional circumstances, and may

"After payment of the final dividend, which absorbs $33.000.00, there will be

that these payments have been made

not be possible in the future.

tences.

HARBOUR PIPE

LINE INSPECTION

DIRECTORS:- Sir Show-son Chow, Chairman; La Koon Chun, Esq., P. K. Kwok, Esq.,

الرامية

Kan Tong Po, Esqa Chief Manager. Hon. Mr. Li Tse Fong, Manager,

BRANCHES AND AGENCIES:—;

Manlia Melbourne Nagtank!

Amoy Batavia

New York

Bomby Calcutta Halp/vive

Paris

Hankow

All craft are warned to give Honolul

London

dergoing one of its difficult periods dence appeared in the local Press given, but in accordance with his suggestion we acknowledged this written, presumably, by a Share- remittance in the local Chinese balance of $93,700.00, which your a wide berth to a diver's barge, Robe holder, to the effect that the Com- press. I trust you will agree with Directors propose, with your approval. to be marked with a large red Bowls pany was moribund and, conse-

me that this gentleman's very to carry forward to new Account,

flag, in harbour as from April 7. quently, should be wound up.

**It is with action deserves spectal worthy Replying to this, the Chairman at

your Directors have to record the deathA diver will be employed until mention.

in September last of Mr. Li Yau-tsun, further notice inspecting the pipe that time--Mr. Henry Humphreys

1: C.B.E., who was a founder Restoring Property

this Cum-. line. not only convincingly refuted

pany, and whose advice and assistance this contention, but additionally Indicated that our business, far

Regarding the recommendations had been invaluable to the Company. services. from being moribund as asserted,

-

as to

very deep regret

that

Palping Pening Bangoon

Saigon Ban Francisco

Beattle

Bamarsog

Shanghaf

Singapore

Birnbaya

·

Bwntow

Sydowy

Tientsin

Fancourt

Every description of ` Banking · and. Exchange business transacted. Lonni granted on 'approved secr^rilies.

Current Accounts opened in Local Currency and Fixed Deposits received tor one year.og shorter periods in Local and · Foreign Currencies on terms

Safe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager.

bad on the other hand never been will observe that it is proposed to your Directors have co-opted his son, THE CHARTERED BANK | which will be quoted on application.

in a stronger, financial rosition. All

this, of course, is a matter of more

allocation of profits, you In recognition of Mr. Li's transfer $100.000 to Building Im- Mr. Li Ka-sze, to fill the vacancy. provements. Explaining our action

in Amoy, Foo-

OF INDIA. AUSTRALIA

AND CHINA. Incorporated by Royal Charter, 1853.

Reserve Fund

prietors

£5,000,000 £3,000,000

£3,000,000

HEAD OFFICE: LONDON: 88, Bishopsgats, E.C.2. Sur-Agencies in Londont 117/123, Leadenhall Street, E.C.2 West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:

53. Mosley Street, Manchester, 1.

AGENCIES AND BRANCHESİ

Hankow Hoat Goni

Poneng

Rangoon

Follo

Balkon

Ipol

Boromban

Karsoki -

Shanghai

Bingapore

Robe

or less ancient history. It is in this matter, I would mention nevertheless a source of pride and that our Hong Kong properties in aging branches satis ac'ion to the Menatement to clude ten Chinese houses at Blec- chow and Manila, in addition to be able to state, without fear of tric Road, North Point, near our many years' service at their Hong Paid-up Capital contradiction, that the Company Warehouse Department and Aer-Kong -establishments, retired Reserve Labilty of Pro

are from the Company in 1925. In- at the present time enjoys a far ated Water Factory, which sounder standing than ever before, utilised as staff quarters. These cidentally, it may be of interest, Regarding the future outlook, It! tenements are not only old, but on this 'occasion, to record the fact is impossible for one to venture generally dilapidated; consequently that I happen to be the only mem- more than a guess, particularly in It is our plan to remodel them al- ber of the Staff, now in the Co- view of existing circumstances; I most entirely, modernising them leny, who had the opportunity of shall not therefore attempt any-In accordance with present day attending the celebrations held to This work, I may mark the occasion of the Com- thing of this nature, but I can requirements. rightly state that we enter on our add, has already been put in hand pany's Jubilee in 1881.

be As may be, imagined, the occa- second century of operations full and these premises should of confidence concerning the years ready for occupation in a matter sion of the Company's Centenary

recalls to memory many—what | Ale Star ́ahead. Referring to the figures of four to five months' time.

I now formally propose that the might be termed colourful incl-Air now before you, it will be noted

Banghol that nett proft for the year Report and Statement of Accounts, dents associated with the opera-Ba amount to $438,831,26, this being as presented, be adopted and that tions of the business of these ear-Bombay, some $60.000 better than the pre- the Balance at Credit of Profit fler times and, it is in the nature SIRE

* Agencias 1 that very -many - Olive Birsih" Kuala Lainepur". Bourabaya ceding year which, as you will and Loss Account be appropriated of things.

Fairlie Pinyo Kumbing probably recollect, includeda as follows:-To pay a Dividend of changes have occurred with the. profit of $52,500 accruing from the 80 cents per Share absorbing years affecting staff personnel and Canton

Cawnpore sale of our Kowloon Dispensary $120,000; To pay a Bonus of 60 the fortunes of the Company. It Cebu building. In arriving at the afore cents per Share, 300,000; To trans-is, however, a source of much sa Colombo New York .

that the old Delt mentioned profit, allowance was fer to General Reserve, $100,000; tisfaction to know

Haiphons made covering rexrvation of To place to Reserve for buliding firm' has reached its century full | Hambers $50,000 being assessed; amount improvements; $100,000; To trans-¡of vigour, with moribund tenden- due as Corporation Tax for 1941/2 fer to Chinese Staff Superannua- cles still a very long way off. Des-. and payable at the end of the curtion Account, $10,000; And Carry p'te the difficulties of present day Banking Business transacted.

Next Account, trading conditions, I feel sure CURRENT ACCOUNTS opened and. rent year. Additionally, Profit and Forward Loss Account Includes donation of $83,050.85.

that all Shareholders will concur year or shorter periods in Local or FIXED DEPOSITS "received" to? One

$10,000 which was made to the South China Morning Post Bom-

on our second century with the be quoted en, application ber Fund,

Mr. FW, Stapleton, in second- know edge that the Company now, SAVINGS ACCOUNTS also opened in On the Assets side of the Baling the proposal, said:—I have lis-occuples, an exceedingly sound" Local, Currency and Sterling with m anoe Sheet, the principal items tened with particular interest to position and consequently, we can gallinacjib men a "Stocks aux Chairman's remarks dealing safely regard the future with hope ing Trade and Sundry Stores with the hundredth anniversary and confidence. which show increase of $176,549 of the founding of the business,... Mr. J. Scott Harston, the Hon. 07. This, however, cannot be re- especially as I happen to hold the Sir Shou-son Chow. Mr. S., T. arded as, abnormal, in view of distinction of being associated Willamson, and Mr. Wm. Paterson the volume of business now, being with "Watsous" since 1889, when were re-elected as Directors, and handled, also anticipated difficul. I become a member of the staff Mr. C. Bernard Brown and -Mr." Tie in the near future in obtaining and, after varied experience man. S. T. Bullin as Auditors.

10

Manila

Modan

¡Polping

(Peking)

Taiping

Tientsin

Tongkah

(Ehnkui)

-Talogies

Yokokame

·FOREIGN, EXCHANGE and: GeneTK)

Seconder's Speech with our Chairman that we start other Currencies, at rates which will

treat allowed at rates obtainable an application E

The Bank's Head-Office London undertakes Executor and Trailer bunks ness-and-claims recovery of British Income Tax dvispaid, on terins which maybe ndartained at any of the Agencter and Branchées Lighte

AWU REEVANS THOMAS,

THE WING ON BANK, LIMITED.

Head Offices, Hong Kong, 26, Des Voeux Road, Central. Authorleed Capital $10,000,000

LONDON BANKERS Westminster Bank, Ltd, Foreign Exchange and every description of banking business transacted,.

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

Safe Deposit Boxes for hire.

PHILIP GOCKCHIN,

Chief Manager.

Help your Friend and his Hobby by giving POSTAGE STAMPS

for

his collection

and

Seeds For His Garden

We can supply 'the' gonda-

this and your want GRACA & Co.

Postage Stamps, Garden

10, W Established 11896.