1948-03-04 — Page 10

THE CHINA MAIL, THURSDAY, MARCH 4, 1948,

ROYAL INTEROCEAN LINES

Incorporated in the Nethársánchy ws

RONINKLIJKE JAMES CERNA PAKETUKART LUMEN KUZ AMSTERDAM É

JAVA-CHINA-JAPAN SERVICE

"TJISADANE

"TJIDADAK"

"VALERINS"

In Port

Macassar & Java porta, 6th March. « Sailing for Amoy,

Japan

Stli March

Batavia, Bemarang, Jourabaya 蟊

Macassar,

10th March,

Datavia, Semarang, -Sourabaya' &

Macassar!

on or about 20th March.

Manila, Mavassar,

Sourabaya, Semarang: Hatavia

131h March.

ASIA-AFRICA-SOUTH AMERICA SERVICE.

"RUYS"

Due from. In port

Loading for

Manila, Singapore Batavia, Mauritius,

Marques, Beira,

Lourenco

Durban, East London,

Port Elizabeth,

atosselbay, Capetown,

Buenos Aires, Monte

video: Santos, Bio

de Janeiro,

on or about

22nd March.

Transbipment cargo on through bill of lading accepted for Uar-Es-Salaam, Mombasa Zanzibar.

"BOISSEVAIN”

South America South Africa

early April

South Afric South Amerles end April

SUMATRA-MALAYA-CHINA SERVICE

"HEINRICH JESSEN"

VAN HEUTSZ"

Agents

"MEERKERK"

Due from

In port Sulling for Swator & Amoy

Belawan, Del.

Penang

21st March

Singapore

Salling for

Swalow & Amoy.

Sailing for

Singapore-Penang. Belawan Doll 12th March.

Singapore, Penang, Belawan, Dell, 31st March

HOLLAND-EAST ASIA LINE

EUROPE SERVICE

Due from

Japan &

Shanghai. 0th March

'GAASTERKERK”

on or about

"ALPHACCA”

Europe.

5) March

Europe,

on or about 2nd April.

Loading for

Manila (Singapore"

Colombo/Suez/

Port Sald/

Alexandria /

Genoa /Naarsejileo / Antwerp/Botterdam / Amsterdam /Hamburg/ Copenhagen/ Gothenburg/Oslo

6TH & 7TH MARCH

Manila/Blogspore/ Colombo/Sues/

Port Safd/

Alexandria

Genoa /Marseilles?

Antwerp/Rotterdam /

Amsterdam/Hamburg/

Copenhagen /

Gothenburg /Oslo

on or about

6th April.

Manija, Singapore, Colombo, Sue, Fort Said, Alexandria Genoh, Marseilles, Antwerp, Rotterdam, Amsterdam, Hamburg, Copenhagen, Gothenburg, Oslo early May.

Agents: SILVER LINE LTD.

`HENFONHALL”

ATLANTIC COAST SERVICE

Due from

Jalling for

U.8. Atlantlo ports, 11.8. Atlantic Coast on or about 12th March, Porta via

-Singapore-and-Suez,

KING'S BUILDING, CONNAUGHT ROAD. TEL: SHIPPING DEPT. 28016 PASSAGE DEPT. 28017.

Chinese Agents, No. 82 Connaught Road, C. TEL. 25133.

FINANCE AND COMMERCE

HOTELS' ANNUAL MEETING

Big Profit From ̈ ̈ ̈ ̈ ̈.....

Shanghai Sale

›

Money Market London

Stock

Gold had a hectic

sussion

yesterday, with rates fluctuat 8840.50 a tacl. The latter was. ing between $842.50 andi the opening rate. At the close of the market It was. $845.76.

Exchange

The sale of the Palace Hotel in Shanghai netted a profit of over three and a half million dollars said the Chairman, the Hon. Mr. M. K. Lo, at the annual general meeting of shareholders of the Hong Kong and Shanghai Hotels Limited Plastres opened at $1200 at its board room, Exchange Bullding, yester and dropped to $11.90 a 100 at

London, Mar. 2. 3 day.

the close,

Alter quiet mondan, during/the Present

earlier "park · of,(trina's “wension In the. at the

Chinese meeting the Company in respect of the

National Currency stock mergeta, with prices suling panara). were: The Hon, Mr. M. K. Lo same vehicles. To date, I re-futures opened, at 164 cents by steady to occsalogally, firmar, dalla (Chairman) · Mr. D. C. Davia, gret to say, despite the length and closed at 16 cents fort in and by the cloed bad, become fam

by widespread in markets, that, more an- Spot Mr. Lawrence Kadoorie, Mr. H. of time which has passed since | CN$10,000.

WAD un emely die. R. Cleland, Mr. F. C. Barry | presentation of this claim, no changed the whole day at 19.1/8 (Directors) and Mr. E.. H. P. settlement of the matter has cents.

been obtained and the Sundry White (Acting Secretary),

Shareholders present were: Debtors heading still Includes Messra. I. E. Roberts, Wan¦ the amount involved. Taing.shan, E. G. Smith, Maj. I would submit that, apart OW... Way, T.H.G. Brayfield, from the item Rehabilitation Lo Yuk-tong, CN. Kong, N.C. Suspense Account, no particular NcGregor, C.C. Blake, P.A. comment is called for in respect Waller, E.D. Abraham, J.K. of the other headings appour Brand, H.R. Malcolm, HD.} ing thereon. Bennay, A. Hilialy. Ko Sang- wo and D. Black (representing the auditors).

Rehabilitation

Ticals were again unchanged at $20.00 a 100, and · NEI Guildera were quoted at $98.80

100.

U.S. 'dollars continued their AP_grade to $5,48%.

Sterling and Australian pounds were unchanged at $12.86 and $12.54 respectively,

H.K. Stock Exchange

Market remaina dull and, ensy prices still dropping.

Before proceeding with the business of the Meeting, the chuirman made reference to the recent death of Mr. E. M. Ray. und who continuously served m the Directorate from 1922 ntil his departure from the Colony in December last, when Indifferent health caused him to resign from the Board.

"To, his wife and relatives the fullest sympathy of *OEB

H Company's Shareholders, the Directors and Staff in their sad bereavement."

Benefits

The Chairman-continued:-

Rehabilitation expenses in curred during the year 1947 amounted to $1.102.055. tho Just Meeting of the Com- pany various suggestions were! made by Shareholders as to the manner in which this type of expenditure could be treated in the Accounts, ranging from whole or partial capitalisation, to being written off over a num-] ber of years, and, as you will recollect, the Chairman promis- ed consideration-would be given these suggestions. A further view put forward at the timel was that the Company's Fixed Assets should be revalueal. Those suggestions have receiv- The Balance of Working. Ac.) ad due consideration and ex- count figure on the Profit and port advice has been obtained Lose Account before you con-¡ thereon, with the result that stitutes an approximate in the relevant expenditure for the crease of $400,000 over the bal year has been placed to a Sus- ance for the preceding year pense Account. At some future and Rent of Shops and Offices time when the properties can be also shows a considerable com- subject to valuation in keeping| parative increase. Those bone. with stable costs and market fits have been offset to some values, it will be possibjo if extent by the heavier charges then desirable to revalue the under. the headings Rents,] Company's Adsets and adjust Rates,. Taxes and Licences, ap the expenditure in question and expenditure

which the any augmentation thereof, in Company has no control, and relation to any accretions aria- Depreciation. The balance car- ing therefrom, and 1 trust this ied to the credit of the Profit method of dealing with the and Lose Appropriation Ao matter will have your general count of $1,728,770 is by some approval. $250,000 higher than the bal-l unco for 1946.

over

Business during the year kept ut a consistent level and In addition, there is the sum although Restaurant revenue of $3,554,580, profit realised on suffered a decline compared to sule of the Palaco Hotel, the volume experienced in the Shanghai, and together with latter part of 1940, revenue, the balance from 1946 of $105,- trom_bedrooma_was_mpra-than 006, the aggregate sum of maintained. Our accommoda- $5,388,866 stands at the credit tion facilities remain in in of the Account. Debited thoro-creasing demand, a situation; of the proportion of the Pro- which is likely to continue, for) perty Tax applicable to the some time to come. period under review and $500;- 000 provision for Corporation Hith regard to our Bub-i Profits Tax over the taxation sidiary Company, a note on the

Subsidiary

--- periods 1947-8 and 1948-0, and Balance Sheet states that steps

DE LA RAMA LINES

d

*XPRESS CARGO LÍNER services

*** AND FROM PACIFIC ₫♣ ATLANTIO COASTS

U.S.A, LOADING DATES

Pacific Coast

Glantic Coust Via

sos Angeles

From

stiantic Coast

Los Angeles Pacific Coast

Manilla

tanta Const

vis

Lam Aureles

dan Francisco)

& Los Angeles)

Dai

Verrel

Mid March 1.♥. "ANDAMAN""

Late March

M.Y. "BALI"

ARRIVALS

Data

7th March

Venel

IV. "TONGHAI"

20th March MY. "DONA ANICETA”

Early Apeli 21.9. "HEMLAND"

SAILINGS

Date

9th March

25th March.

5,8. “ESCALANTE" IY. "DONA” ANICETA” "ba.v. "TAMARLA”

MI4 April

m.v. “BATAAN”-

BOOKING AGENTS for PAL

THE DE LA RAMA. STEAMSHIP CO., INC.

MARINA HOUSE

Tels. 28676--22673-

THERE

A

NEW SHIPPING OFFICE #Tela, 28788--20158

CHINA MERCHANTS S.N CU.

Connaught 'Hé

alea

The Lido

Lil'CoV. LOANG Loan FORK. 8% Loan (1935) 100m. 4%% Loan (1048) 003, 300

DANES

II.K. 8. Bank 2000, 2000

(Lon. Reg.) 41171⁄4n. Chartered Bank 210 11/150. Meren 13k. . . . Dank of East Aula 135b. INSURANCES

Castan In 100, 400AM. Union Ins. 7868, 7064, 790.6. China Underwriters 7%ḥ, 84, H.K. Pipe Ine. $20.

BOIPPING

Douglas 260n.

IX. & M. Steambozia · 185. Indo China (Pref) 100. Todo Chinas (Def.) 230b.

with

U. Waterbosta (Old) 60, U. Waterboats (New) 49s, DOCKA, WHARVES, GODOWNS, ETC. HKK. Wharves (Old) 175b. 180. (New) (F. Paj 170. ** (New) (P, Pd), 12vn. 11.K. Docks 341. Chign Providenta 1844#. B'hal Dockyards 10.

MINING: Raub Minn 0 ILK. Mines .035, .015m.

·

LANDS, HOTELS & BLDGE.

1. H. Holela X.D. 201⁄2b, 20.

.K. Lands (Old) b, 891⁄2 **.. ILM. Landa (Naw), 80%. S'hat Lande 645, 4668. Humphraga Esistes 206. H.K. Reallen 18.

Chipere Estates 190,

PUBLIC UTILITIES

H.K. Tramways 2014), 256, 2144/8/2.85

44.

Peak Trains (Old) 21% Beek. Tranga (New) 95. Ste Ferries 1405, 1181⁄2 xa. “Taismaŭ“Forrten] 425,48310T483500

G. Lights (Old)-2345, R13, 23%/

G; Light (New) 19na. :

M.K. Electries (Qld) 6,

HK Electrics. (16ow) – 12b. Masa Electrics.210. Bandakan. LigDIA › DR. Tulephones, (OT)) 40%&#. 5036/2004. Telephoner; (New); 480, 49%258aA.

- Gaa. 6 in..

INDUSTRIALS.

Caplan Low

Comantą, (Old) 414.

“H.K. - Hopes, 23), 23% 1.

STORES. J.

Páty Pasg (2. Tin) $25, $4/09Ÿ4. Dalry-Farbai. Kiebta 41341/ Walson (X-Rta) 108/ “Watson, Kirkte:20140, 220,

Kapis: Grawfordu (Bah." Sinceres 9.0.

China, Emporium, 102...

Bea Co. Izd. 43

KwongBang ›Hose 200p..

Wing On (HK) 36.

#

tha

The averricht publication depressed the illeged market and Con- February, sold male figure of £27,000,000, pot ang Treasury 2456 both lost a quar-

er 93 78-46 and 15-35 gespectively.

Lowes in the indistrial svitlon were up 17 with Woolworth losing this mout at THẾ, Tubacen shares were sold,. Bel. tish American lost 1/22 at Bi5gin whilar. Domeng mùlom, Standards long 1/- at 29/1 on vamoom of a possible increas

capital by the use of new shares to

existing shareholders,

An mely sitempt to put all shares betier was unauœemful and. Shells, closed 1/32, cusjer on the day at Bibi. The pain. ing sections also shared to the down WAND 'movement lat differmere, West comparatively small,

The foreign bond market was quieter with European issues inclined to be bar- der. Foreign ralla were., one active but rather weak.

British Consols, 2% % *******

Victory Donde 47

Portland Cement

MINES

PRESIDENT LINER

SAILINGS

REFRIGERATION—SPECIAL-CARGO OIL TANKS-

CARGOCATIZE-SPECIE

TO SAN FRANCISCO

·(vla Manila & Honolulu)

8.8, "General Gordon" țin

Mar.

8.5, "President Cleveland"

8.6. "General Melga" (via Manila Only) ..........................................“ April 5.8. "Generat- Gordon"

- Mar. 13

April 24

TO SAN FRANCISCO AND LOS ANGELES

(VIA KOBE & YOKOHAMA) SEWA

Mars: 16 innnauj Mar. 23.

M.M. "Prialdané Pierce” 18. "Ardadia Victory“ (Also Calle Bhangbaida Honolazin)' 9.8. "President McKinley" 8.8. "President Jefferson

TO NEW YORK BOSTON AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS

68 "Forman Victory" 88' "Marine "Leopard"

Mar. Mar. 19

3.8. "President Buchanan' (Ex "Skidmore Victory!) Mar. 19, 9.5. Prealdent Filmore" (Ex" "Rutland Victory")

*** Apr. 1 AMERICAN PRESIDENT LINES, LTD. I 45. George's Bidy.

Tel: Nos.: 28172 /28175

Promeer Line

Arrivals from New York, Boston,

Other Atlantic Ports via Panama: "COURSER"

AS "PIONEER WAVE"

Sailings to Manila

ជន

Duo: Mar

Saily Mar 12

"

Sailings to New York, Boston, Philadelphia

Baltimore & Other Atlantic Ports via`.

Panama Canal

SECURITIES:

(exdiv}

78-44

Conversion Laun, '81956, '1961 1-7

a.

Funding Lowŋ, 4%, 1960/90 119-N War Loan, 64% 1963

103-18/16

304-4

114

INDUSTRIALS:

11.201

in Atherican Tobacco

6.0/33

· “COURSEN" 5.9.PIONEER WAVE"

09/0

Imperial Cherniomla

$5/2

insperini TodnycƠN.

6-5/16

Unton Corporation

*TE/

OIL SHARES1

Anglo-Iranian Co. ord

150/-

Burma Oil

$8/0

Monico Earl

15/0

8.8. "STAGHOUND""

**

134/444.

Funding Loan, 0% National War | Boada, 157%1

1949/51: 1932/84

302-7/14

For Full Particulars. Call

General Agents

Tel. 31251 (8 linam

Royal Dutch

Bhell Transparit

| Venezuelan: O

GILTRDGEDI

جعد

101- 101. ... 202.46.. Barings Donde, 3%. 1955/62..........141-%. Barinas Blonde, 2%, 1948/70...101- National War, Bonds, 1957/58+101»%; Savings Bonds, 8%, 1941/75 ̧ .... 100-1⁄4' Exebenar, Bands, 154%, 1980-300-27/12 Redemption. Stock 8%, 1988/95. #1-4; FOREIGN BONDI

Japances 55%, 1907741

Japanese 85%, 1921/59

DANKS:

12

Chartered Bank of I. A. & C. 10-11/18

Hongkong, Shanghai Mercantile Bank

..117.

Notice To Consignees.

S.S. TITAN!!

Damaged cargo ex the above essel will be surveyed at Holt's Wharf. between the hours 10 am and 12 noon on 5th and 6th March, 1948, and consignees re- presentatives are requested to be prosent daring; the survey.

BUTTERFIELD & SWIRE, Agents: Hongkong, 1st March, 1948.

Notice Consignees

Consignees per Barber- Willaimson Line

M/V "TAMERLANE”-

the recommendation of are being taken to obtain cald. Hace (Ori,)=205, your Board for the appropria- legislative sanction for the cop- tion of the available balance version of its Capital. When leaving $226,749 to be carried, this obtained it will be possiblets (New) Th. Stam. forward to new account.

to produce informativa Ap- counts and it is hoped auch Increases to Fixed Assets will be available within a few during the year were mainly months. the result of the acquisition of Provision has been made in the Repulse Bay "Lido" pro the Accounts under review for perty and the conversion of the payment, already made, of? part of the Sixth Floor of the the New Year. Bonus to the Peninsula Hotel into bedrooms. Company's Chinese Staff and The sale of Assets mentioned the usual bonus to the Foreign In the Balance Sheet refor, of Staff, and I trust you will ap course, to the Palace Hotel, prove of this.

When reviewing the 1945 Ac] The Baport and Accounts counts the Chairman of the wore approved. Company moptioned that Syn- Mr. Lawrence Kadoorie wa dry Debtors included, amongst re-elected a director and the ap others, a substantial claim pointment of Mr. H. R. Clelands 18. fin. 1834**r against the Military Authori- as director was, confirmed, ties, the major portion of the Messrs. Percy Smith and of thanks to the Board of D claim being in respect of Company were re-elected as au- rectors for the very cable:man vonicles, etc., purchased by ditors for the enaying year at ner in which they had conduct them during the War in Hong renumeration of $10,000.. ed the affairs of the Company Kong. This claim is of course At the copse of the meeting The proposel was Beronica, bi, linked with claims which have Mafor C.W.L. Way proposed on Mr. 14 Roberts, and und 27 kurulan M been made by clients Againat behalf of shareholders, a vote animously approved.

·

W Powell, Lid. littb.

MISCELLANEQUE. China Enferiatomentą: 370. H. Construction) (814) #40 11.K. Constructions: (New) (En, Vibro Filing tin. *

* Karenan” Turutzvents 18/9a;

Maramas, (H.K.) 1.405. COTTONE

Pacific Far East Live

Regular Trans-Pacif

are hereby notified that their cargo is being discharged, into. the Hongkong Kowloon Wharf & Godown. Co's godown where it will be at Consigneos' risk and subject to the Whart's terms and conditions of stor- age, and where delivery may be obtained!

Damaged packages are to be nation by. Consignees, and the Aloft in the Godowns, for examni- Company's Surveyors, Messes, Goddard & Douglas ht 19 a.m. on the 643. Margi

To comply with the General Bonded) Warehouse: Regulations consignees must Svea Ro venue. Officer In attendance when i dhibayad @dutiable goods

--Special Cargo 0% Tanks-

Safls Mar. 2.B. "AMERICAN MERCHANT"..Duo Mar. 20 ....”

Mar. 21

UNITED STATES LINES

Queen's Building,

الكرادة الى الى المدار

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO. PORTLAND.. VANCOUVER & SEATTLE. m.s.-"BOUGAINVILLE"

SAILING:0th APRIL ARRIVALS FROM PACIFIC COAST ! ma. "BOUGAINVILLE

DUE 4 MAR SAILING FOR SINGAPORE PORT SWETTENHAM.

PENANG & BATAVIA:

5th: MAR PASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight Agenta.

HOO FOOK PING THE BANK LINE (Chips) Ltd.

Apply:

*.

THE BANK LINE; (CHINA) LTD: King's Building. Tol 27785

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.V. "MONGOLIA"

Loading 14th/15th March

for

ADEN, FORT SAID, GENOA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN Tanks avaliable for, the Carriage of Off là's Bulk.

THE EAST ASIATIC CO., LTD Queen's Bldg, 2nd floor,

No claim will be admitted BARBER WILHELMSEN LINE

after the goods have left the

Steamer a rodowns, and all

sonde, remaining undelivered after the 7th March will subject to rent.

NEW Y

ANAM