1941-04-30 — Page 13

HONGKONG & SHANGHAI |BANKING CORPORATION.

Authorised Capital Issued and Fully Paid-up

· * - - $50,000.00§ .$20,000,000

Hong Kong Currency Re

£3,000,000 Sterling

1,000,000 1,050,000 1.254,039

Bcrve

An Order made by the Secre- 18, Gracechurch Street, London, EC.8. Reserve Funds: tary for Petroleum contains pow- Authorised Capital Subscribed Capital ers for controlling the consump-Paid-up Capital tion of liquid fuel and in future Reserve Fund & Rest no person may use, by burning. any liquid fuel in contravention of the direction given by the Se- cretary for Petroleum.

BANKERS:

The Bank of England and Midland Bank, Ltd.

The new powers will be exer- cised immediately to secure

the Bangkok ncreased substitution of

Bombay Home Calcutta produced tar oils for the imported Colombo petroleum products ul present

Those present included: The whom I must not fail to record | used. British Wireless. Mr. J. F. Braga (Chairman the Board's cordial thanks and Managing Director), Messrs.

J. Scott Harston, M. H. Lo and Lawrence Kudoorie (Directors).! the Hon. Mr. M. K. Lo, Messrs. |

Difficult Times

to seconding e proposal

for

SHARP FINE

Junk master Chan Her-fu was

A. M. Braga and E. Sabinet adoption of the report and statened $500 by Major A. N. Mac- (shareholders), Mr. H Braga ment of accounts, Mr. Scott Hai-fadyen at this morning, for pos- (General Works Manager), and to expressed appreciation

session of 48 letters for the pur- the hard work done by the Man-pose of conveying them out of the

General | Colony other aging Director and the Works Manager under such dif- Post.

than through the feult times.

The letters were found on board ap-his junk off Shaukiwan,

Mr. B. Alves (Secretary} The Chairman said: ---

Hew

of

-

The accounts present n features. There is a balance $4,850.81 in profit and loss count, after charging $122,927 38 for depreciation and providing for directors and auditors' fees, and corporation profits tax for 1941/ 1942.

The confirmation of the pointment of Mr. Lawrence Kadoorie to the Board was pro- and seconded by posed by the Hon. Mr. M. K. Lo|

Mr. A.

Braga.

The re-election of Messrs. H. Lo and J. Scott Harston

Mi

M

Delhi

Galle

flone Kong Howrab Ipak

BRANCHES:

Jun Kunnia Kandy

Karaobl

Kota Bharu

Madina

New York PANADA

Evaton

Shanghst

Kuala Lumpur Simba

Kuala Liple

Kuala

Trengganu

Ieserve Liability of Pro

prietors

.£ 6,500,000

$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,

Singapore

1. K. Bousßeld, Esq.,

HONG KONG BRANCH Every description of Hanking Exchange business transacted.

201

TRUSTEE AND EXECUTORSHIP UNDERTAKEN. CURRENT ACCOUNT'S opened

A. II. Compton, Esq.,

L. J. Davios. Eng.

G. Miskin, Esq.,

K. B. Morrison. Eng. Hon. Mr. T. E. Pero,

BOG. Mr. 8. H. Dodwall, Hon. Mr. A. L. Shialda, Sir Vandeleur M. Grayburn Chief Manager.

117

A.BOY

Datavin Bombe

Local Currency and FIXED DEPOSITS received in Local Currency & STER Cicutts LING on terms that may be ascertai ed on application.

BRANCHES:—

Ipoh

Jobone

Robe Kowloon

Rangoda

Baigua

Pan Francines

Shanghal

Kuala Lumpur Bingapor

Bourabaya

Sungai Patani

Frator

Tientsis

D. BENSON,

Canton Obalno Colombo

London

Lyons

Malzoon

Manager.

Malron Voochow

Manila

Must (Johor) Tokyo

Haiphone

Mukdea

Tsingtao

Hankow Harbin

New York

Tokohama

Polping

Pasang

THE CHARTERED BANK Todo

OF INDIA, AUSTRALIA

AND CHINA. Incorporated by Royal Charter, 1853

C.N.A.C. FINED The manager of the C.N.A.C., vas summoned before Mr. H. G. eldon, K.C., this morning, for list of pas- oposed by Mr. L. Kadoorie and sing to furnish a seconded by Mr. H Braga.

sengers of non-Chinese race, Mr. Bruga proposed the re- election of Messrs. Lowe. Bingham of a plane.

within 48 hours of the departure Paid-up Capital

Reserve Fund and Matthews as Auditors and this was seconded by Mr. M. H. 1 L.

Development Continues

In spite of conditions affecting prices of materials rather adver; sely, building and development work on our Garden Estate Kowloon has proceeded steadily. The same all-round high stand- ard of workmanship and quality of building materials has maintained in the houses

been con-

structed. In the completed pro- gramme, will be found the ON- planation for the expenditure on Land and buildings dining the year of over half-a-million dol lars, $576,796 28 to be exact, but the whole value since Ther

in- ception of the scheme is a tot al

Accused pleaded guilty throughReserve Liability

prietors

a representative $50.

and was fined

MACAO ELECTRIC

COMPANY'S

RECORD

OUTPUT

of $1,633,500. Accordingly. thin A NEW RECORD IN output was disclosed at appears rather the Shareholders Meeting of the Macao Electric

Company. Limited, this morning.

Bank Overdraft higher than in the previous year, with a total of $824,973.08.

J. Gel

The Chairman, Mr. F Crown

You may be interested to learn that, in addition to the leases previously issued for the plots on which the building rove- nant had been complied with, application has been made for Crown leases in respect of twenty- three houses on the Estate.

;

tion, said:

was

£3,000,000 £2,000,000

of Pro-

£3,000,DGO

MEAD OFFICE: LONDONI 38, Bishopagate, E.C.2. Bur-Agencies in London: 117/122, Leadenhall Street, E C.2. West End Branch: 14/16, Cockapur Strvet, S.W.I. Manchester Branch:

$2, Mosley Street, Manchester, a

AGENCIES AND

4jor Star

Actriter

Bangkok

Bourbay

Batavia

Calcutta

Agencies:

Clive Street

BRANCHES,

PANADR

Beremban Bhanghai

opened

in

CURRENT ACCOUNTS

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

terms which will be quoted 00 application.

on

SAFE DEPOSIT BOXES of various sizes To Let.

TRUSTEE and EXECUTOR business undertaken.

Hong Kong, 26th February, 1941.

HONG KOng savINGS BANK.

The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION, Rules may be obtained on application FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

Hong Kong. 1st March, 1937.

THE BANK OF EAST

Bankow

Houg Kong

Hangoon

Ilola

Balgon

Upok

Karobl

Klang

Kobo

Kuala Lunip

Blagapere Hitinwad Sourabaya

Taiping

Madras

Tientsin

Manila

Tongkah

Mndati

(Phuket)

Authorised Capital

New York

Talagtas

Peiping

Yokokams

Paid-up Capital

Peking)

Fairie Plan Kucblog

Canton Cawnpore Cebu Colombo Taiphong Hamburg

Doi

and

were maintained at practically the same level as last year, and I wish The net profit for the year, after

to take this opportunity to place providing for depreciation, which; on record the Directors' apprecia- amounted to $113.124.53.

tion of the services rendered by

FOREIGN EXCHANGE and General $321.034.40, which together with the Staff and workmen during the Banking Business transacted. the sum of

CURRENT ACCOUNTS opened $120,243.53 brought year. forward from the year 1939, makes Soon after the outbreak of war,

FIXED DEPOSITS received to: One Year or shorter periods in Local or St. George's Mansions the amount available for appro- we instal ed another fuel oil stor other

Currencies priation $441,277.92.

at rates which will | From this, age tank and we are now main- |be quoted en application Besides the thirty-seven houses' it is proposed to pay a dividendtaining sufficient fuel in Macao to SAVINGS ACCOUNTS also opened in belonging to the Company on of $1.50 per share and a bonus last for nine month's normal Local Currency and Sterling with n the Estate now completed and o $0.50 on the 90,000 old shares 'operation, this additional stock terest allowed at rates obtainable on rented under lease, the two blocks which will absorb $180,000.00 and i cost us about 1-1/2 lakh. Our application.

1 of apartment buildings, which pay a dividened of $0.75 and stocks of lubricating oll, wires will be known as "St. George's bonus of $0.25 on the 43,938 "new" and cables, etc. were also consi- ness, Mansions," on Argyle Street will shares, which will absorb a total |derably increased on the outbreak Income Tax overpaid, on tering which be ready for occupation very | of $43,938.00 To pay to the Gov-of war. shortly. These apartments, which ernment of Macao 5% on amounts The

whole of the Company's Agencies and Branches. will be modern in every respect, distributed as Dividend and Bonus, plant and equipment has are in line with the imposing new, in terms of Clause 15 of Exten-maintained in first-rate condition, Administration Building built by sion Contract $11,196.90; to and due to the increase in Pad,! this Company for the China Light | transfer to General Reserve Ac- an order was placed for another, & Power Co. They form a strik-; count $100,000.00, and to

carry, generating set in October last for each two then held. I am ing addition to this particular forward to 1941's account $106.- year, and we anticipate delivery pleased to report that our offer district of Kowloon, which may 143.02.

'to be made early next year. was accepted by practically every well be regarded as the elite

shareholder. residential area on the mainland.

Your Directors have thought

Ten Per Cent. Up

It tting that, because of his! The total kwh. sold for the year

been

Capital Increase

Aut extension

to our present

to

The Bank's Head Office in London unciertakes Executor and Truster bus). and claima recovery of British

may be ascertained at any of the

W. H. EVANS THOMAS.

ASIA, LTD.

Reserve and Undivided

Profits

$10,000,000.00

5,599,600,00

2,983,261.50

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, Esq.,. Wong

Yun Tong, Esq., Chan Ching Shek, Esq.. Li Lan Sang. Esq., Wong Chu Bon, Esq. and Fung Ping Wah. Esq.

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

BRANCHES AND AGENCIES)—

Hanita Melbourne

Seattle

Bourabaya Swatow

Amor

Manager.

Batavia Bombe Calcutta

Bamarang

Nagasaki

Shanghai

New York

Blugapore

Haiphong Kunkow Honolulu

Paris

Polping

Penang

Kobe

Rangoon

Kowloom

Falgon

Bao FranczacD

The adoption of the Report and Accounts was seconded by G. G. N. Tinson.

Other Business

Mr.

as

close interest in the offairs of 1940 was about 10% more than Station building is necessary the Company. Mr. Lawrence the previous year, thereby estab- house this set and all the neces- Kadoorie should be invited to a lishing a new record and the num-sory material for this was pur- seat on the Board in his own ber of consumers increased by chased immediately the addition- Mr. Beale proposed the re-elec- right. I am glad to say the in- about the same proportion. Un- al plant was ordered and its erection of Mr. H. N. da Silva, vitation was accepted. His ap- furtunately, our operating costs tion will start before long.

Director and was seconded by Mr. pointment requires your con- were considerably increased due

At our last Annual Meeting, J. Fleming. Armation to-day.

to the increase in the price of fuel you agreed to the increase of the The re-election of Messrs. As usual, the Company recetv-, oil, this item alone amounted to capital of the Company, and as Lowe, Bingham and Matthews as ed loyal and devoted service from ver one lakh. The other operat- you are aware, we offered to the Auditors was proposed by the members of your Staff, to ing and administrative expenses share-holders one "new" share H. N. da Silva and seconded by

Mr. G. G. N. Tinson.

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

OPERATING SERVICES FOR

CARGO and PASSENGERS

TO-SWATOW. SHANGHAI, TSINGTAO,

CHEFOO AND TIENTSIN

KOBE AND OSAKA

SINGAPORE. PENANG AND CALCUTTA

SANDAKAN, HAIPHONG

All steamers berth alongside the Roosevelt Terminal In the French Concession at Shanghal, where passengers and cargo are landed.

For Further Particulars Please Apply To

.1

JARDINE, MATHESON

& CO., LTD.

GENERAL MANAGERS.

TELEPHONE

30311

Those present were:

Mr.

Messrs.

F. J. Gellion (Chairman) N. G. Beale, and H. N. da Silva (Direc- tors) Mr. G. G. N. Tinson, (re- presenting the Secretaries) and Mr. J. Fleming (Shareholder).

COLOURLESS STOCK EXCHANGE

The London Stock Exchange yesterday was colourless except for gilt-edged, which further ad- vanced on all-round demand. Home rails, industrials and oils were firmly held but business and price changes were trifling. Kafirs, improved on early Cape support, and diamonds were firm. Javanese bonds receded sightly but Chinese Customs loans. Improved. Street was firm.-Reuter.

Wall

KUNMING BOMBED

More than 100 bombs wore dropped within the city limits of Kunming when a squadron of about-20-Japanese planes sturged a raid yesterday afternoon. Hun- dreds of houses were destroyed, and many casualties were infilct- ed among the civilians. -- Cen- tral News

London

Titu Vancouver

Every description of Banking and Exchange buslucas transacted. Loang granted on approved seer rities.

and

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Foreign Currencies On terme 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, Authorised Capital ... $10,000,000 LONDON BANKERS:- Westminster Bank, Lid. Foreign Exchange and every description of banking business transacted.

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

Safe Deposit Boxes for hire.

PKILIP 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 goods of

his and your wants:

GRACA & CO.

Postage Stamps, Garden Seade,

:10, Wyndham; Established 1890.

Hong