1951-03-21 — Page 8

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ENGINEERING EQUIPMENT CO., LTD.

HK. & SHANGHAI BANK BLDG. TEL, 27788,

Rope Company Shows Profit Of $12 Million

PRODUCTION & SALES UP

8

"Production and sales of rope for the third successive year showed an appreciable increase, and costs of manufacture again rose,” said Mr A. Raymond (Chairman) at the annual meeting of the Hongkong Rope Manufacturing Company Limited held this morning at Chung Tin Building. Mr Raymond reported a net profit for the year of $1,511,905.63.

Before proceeding with his report, Mr Ray- mond referred with deep regret to the death of Mr S. T. Williamson who took a great interest in the Company and had been a Director since 1934. "His-advice-and-knowledge of affairs were of great value, and will be greatly missed," said Mr Ray- mond.

,

Continuing. Dr Channan

suld:

|

Clerk at the factory. I am sure you will join me in wishing him imppiness in his retirement after his tong and faithful ser-

ice.

The result of the year's trad- ing is a bet profit of $1,511,006 which. when added to the balance brought forward from

HEMP MARKET STEADY last account, Provisions for Re- habilitation of War Damageri |

Production and Sales of Rope Property and Staff Superannua

for the third successive year no longer r tion Fund, both quired, gives a balance at Credit showed an appreciable increase, Loss Appropria- and costs of manufacture again of Proit and tion Account Dí $1.810.003 rɔse. which your Directors recommend

$1,810,000

be dealt with us follows:-trans- fer to Plant Replacement Re- serve $200,000; Lansfer to Lory

Reconstruction

:000; trunsfer

Reserve

Fas-

Reserve

10

The hemp market remained steady during the first half of the year after which prices rose by ኪዱ

as 75 percent. much Manila Hemp being a strategic

$260,000; transfer to Equinaterial, our difficulty is to get tion of Dividend Reserve $200,- enough licences approved to

Staff Passage

cover our requirements, which $5.166; transfer

the low stock Chinese Employees Benevolent is reflected in

gure in the Balance Sheet, and has recently compelled us re- Account has

Juctantly

dismiss to

work Cor-

Every effort is being As-Dropie.

Fund

Typhoon

transfer $70,000;

and Flood

$50,781: hansic poration Profits

tr

Tax

CHINA MAIL

Established 1843

THE CHINA. MAIL, WEDNESDAY, MARCH 21, 1951.

Seek Dancing. Honours

Girl in a whirl is 22-

Miss year-old

Dorothy Peterken. With her is 24-

Miss

Norma year-old Noble. Both Londoners, they were competing for Lalin-American dancing honours in London. London Express Service.

BUSMAN'S

HOLIDAY

$195,000; made to ensure adequate sup- Mr Mackintosh To pay a Bonus to Star and Wor- piles

sessment

1951/52

and

to enable us lo work economically, or! I hope

somewhat

the

to

Aftend Conference

tier

Decree Nisi Granted

DRENA

For Hospitality

Coca-Cola

Serve Coca-Cola

BALARDA Coca-Cola

HK Tramways Carry More And More Passengers

GOOD YEAR'S WORKING REPORTED

Although the Hongkong Tramway Company was unable to operate during the first six weeks of 1950 the number of passengers carried in the remaining period was greater than the whole of the previous year, according to Mr Gordon at the Annual General Meeting this morning,

The Directors of the Company recommended a final dividend of Proposing the adoption of the Report and Accounts Mr Gordon, the Chairman, said:

$1.40.

Although, as you know, the been substantially greater than undertaking was unable to we first contemplated. It is now operate during the first six proposed to delay any netion on weeks in 1950, the working re- the rebuilding of this Depot sults attained during the year until towards the end of 1951 have been Antisfactory. The

The when

the whole matter will be total number of passengers reviewed in the light of cir-

this shorter cumstances as they then exist. during working period was slightly

carried

greater than the previous year and the daily average of

carried since the resumption of opera- tion was about

14 percent more than last year.

The acceptance by the Com- party of the Dairy Farm award,

ir the whole of

IVING QUARTERS

of a

which resulted in the payment we are now investigating market rates since the end

to

last year incetings indication of how the current Dunsmue near Rugby,

their

and

Wo

of

com-

educationananimously: BUSINESS

carried,

by Mr E.

the

Mackintosh, the journed the petition to consider types. The bulk of these havo under review will still further Mr R. Gordon (Chairman), the

of the

already been Police

service, Tane

of the

to the

Albanian Purge Rumours

Home, Mar. 30.

The Italian Govern- ment organ "II Popola”!

ld today that the AL. banian Government had gooled many officials

top

of its in compliance with a Baviet onder for a purre of the Albanian Communist Party.

The despatch, quoting refugee sources in Aus- tria, sald Premier Fover Hoxha had orders from Moscow' to "eliminate the danger of Titolam,"

Tho report sald the president of the Commu niet Party of Elbasan had been arrested along with other high Faustionaries. It said political prisoners are sentenced to death or to work CAMPS "where malnutrition and malaria decimate their ranka." United Press,

Mail

Notices

On Friday March 23, Satur. day March 24, and Monday

16 the March

General Post Once and Kowloon Post Once wit be open from 9 M. LO Noop. The other Branch Post Omens will be open from 2.0 to 19.01.

There will be one general du Ivery commencing at 11

on Friday, Saturday and Mon day, and one collection from pesülsz baxes on Friday, Satur day, Bunday, and Monday.

Registered articles and parcel mail close one hour

carlier than the ordinary mail. Where mails close on Bundays or ba tore 10a.m. on any other day, registered articles and 'parcel mails close at 5 9.a. on the Previous day, Malls are closed at Kowloon Post Ofice one hour earlier than the G.P.0. closing

WEDNESDAY, MARCH 23 By Air Blam, Burma, India. Pakistan, Middle East, Africa & Europe, i psi. B.O.A.C.

Canada, USA. 8 p.m. C.P.A.. Pro-China

Formoss, 5 pm,

Aru

By Burface Indo-China, 3 pm. ss Dr Yerdin.

Japan, 3 pm.. Anking.

Canada (parcels only), 3 pm # Canada Mail,

Philippines, East & South Africa. 3 pm. # Tipanas.

MARCH 22 By Air Pakistan, Dadin,

Kiddie Fait Africa & Europe, 5 p.m., B.O.A.C.

Blam, Malaya, Indonesia, 5 p.m., C.P.A.

Japan, Korea.'5 pm. 3.0.A.C. Philippines, &. p.m., P.A.L. Indo-China,

France, Franch North West Africa, 0 pm. Alr France.

T

By Burface Macao, 5 am.; 4.50 pm, Ben and Hongkong.

Chahsa, People's Republic, são am: 4.30 pm, train vis Canton,

B.N. Borneo, 10, 3 Wo Sang.

Siam, 2 pm., as Yumang Malaya, India, 1 p.m., se Eastom Queen.

ment and Obsolescence Reserve $200,000; In payment Final Dividend of $1,40 $2,388,750; Leaving to be car- per share less tax

ried forward to 1931 $110,091.

think there 15 little that calls for comment in the Ba- ince. Sheet. The Employees' original plans called for the in- dealt with. I would like, how- be remembered that the Retirement Fund I have already ciusion In

the

Depot Buliding Scheme of & number of flats Investments. You will observe

the ever, to refer lo for Chinese members of our that the market value as shown

staff. supervisory and clerical It is not desired to detect

$17,088 less than further

the book this portion of the

A slight improvement and in of an extra $1 per day to our

of the year has reduced this building living difference. possibility of employers Os supplementary

stary quarters on that portion of our and your Board considers that by about one-third allowance, kas A decrec nisi, to be made cost-

land af

at King's Road which is the amount standing at the Increased our opera- not at present in use, absolute in three months, ting expe The ratio

credit of our General Reserve - expenses.

commented last year on the takes care of the was pronounced by the expenses to

the receipts for

present de- with Company's desire to erect its ficiency. Chief Justice, Sir Gerard year was 57.3 percent.

own Welfare Centre where ime about is 432 percent higher than

The proposal, seconded by Mr medical, Howe, in the Divorce Court the

proved year. Monthly recreational and general previous

H. Owen Hughes, was carried this morning when he de- tickets continue to be popular facilities could be afforded livered judgment in a peti-as do also the reduced fares our employees. Work on this

It was proposed tion by John William Ferris, introduced In 1919 for scholars. Centre which is being built over Grant Smith and seconded by

the work of the canal in Canal Road East, of Mount Nicholson Bun-ntting all trumcars with air- Bowrington,"

During the

Mr H.

timan. that the Hon. outside of

our

1. Sidbury was completed and all Russell Street Depot, has now D, Benham be re-elected Direc- Sir Shouson Chow and Mr H. galows, for the dissolution brakes of his marriage to Margaret cars are now fitted with

commenced. During

tors (enrried unanimously). Irene Ferris on the grounds pressed air and an electric brake

the year under re- kers, 50,035; pay a Dividend outerme of present efforts will

In addition to the hand brake, view, the Company has greatly

The Hon. T. N. Chau

pro- of adultery. of $1.00 per share, free of tax

Four

the new cars were brought into improved

that the posed

Director's re free be favourable.

Hongkong's Commissioner of

Stanley Keitch was named as service during the year, bringing scheme for our employees and $4,000 per annum with an addi-

medical $200,000; pay a Bonus of $2.00

bo- muncration Increased to Police, Mr D. W. Mackintosh will

co-respondent.

Both respon the total number of our fleet up now for the first time we are tional remuneration. per share, free of tax $400.000;

Deliveries this year to date get back into uniform within a

dent and co-respondent are re- and

to 1951, are forward

124. higher than few days of his return on leave sident in the United Kingdom carry

In addition, five new giving free. medical attention Chairman

to bodies $148,031.

those for the corresponding

were fitted to replace and medicines to the wives of Hansen seconded the proposal the United Kingdom, to meet

of $2,000, Mr U.J. Mr Charles E. Loseby, KC, These recommendations have period of last year, but under In conference with 14 other

worn-out bodied.

our employees and to their which was carried. Been incorporated in the Ac-present day uncertain

The improvement in the sup- children up condi- Commissioners of Colonial Poiler instructed by Mr J. C. Stewart,

appeared for petitioner. Neither ply position of electrical equip This

to the age of 15. Mr Lo Kal-wing proposed counts.

tions I am unable to give any at the Police College, Ryton-on-

of the respondent nor co-respon-

additional facility At recent

has that Messrs Lowe, Bingham and from dent were present, nor were

ment upon which I commented been very well received by our annua!

Matthews be has been maintained employees and it is hoped that Auditors. Mr may turn out, April 2 10 6. (RMS Chuson, in they legally represented.

re-appointed the need for further pruvision year's working

H. for Plan

have on hand the provision of the

J. now Replacement and and would again remind Share which Mr Mackintosh sailed on

Young The case was Arm heard as sufficient new electric traction Centre and the associated wel. seconded the motion which was

Welfare Factory Reconstruction has been holders that the results of last February 24 is due to dock at week, when the Chief Justice.

motors to replace the obsolete fare work which we now have explained, in these un-year were achieved with Assets Tilbury, tomorrow March 22.)

after hearing the Mr

the evidence, ad-

Present at the meeting were certain times

Besides the creation of | greatly in

of excess Dividend Balance Sheet value.

the question of jurisdiction re-

fitted and are in improve the goodwill in Equalisation of

Forcerers

which Reserve is recommended.

of Malaya, North Borneo, garding petitioner's domicile.

now exists between the Com- Hon. Sir Shousen Chow, the Hon. 3 G. E. Murden secondledk, Kenya, Uganda, The amount transferred to

BUBSTANTIAL It was stated that petitioner

PROGRESS pany and its employees.

Sir Man-kam Lo, Mr. H. D. Mauritius, Aden, Sierra was formerly in the Royal Air and Flood Account is the adeption of the Report. Typhoon

Benham, the Hon, P. S. Cassidy, Although shortages of

It will be noted that the Leon, the Gold Coast, Cyprus, Force and was posted to Hong- of new tram rall continue to balance brought down

supplies

Mr intended to bring that eruunt

J. D. Alexander (Directors); On the proposal of Mr G. T, Trinidad, Jamaica and the kong at his own-request in closer to possible present day Palmar, seconded by Mr H. M. Bahamas will be present at this 1948. In view

credit side of Profit and Loss Mr C. S. Johnston (Manager), of his family amper us in the maintenance requirements, and the amount Parcons, ir A. Raymond and Conference, the first of its kind circumstances, he

track, substantis1 Account from Working Account Mr W. H. Paterson (Secretary) left at credit of Rehabilitation Me Hernes Kadoorie were re

decided In ever to be held. The object of 1947 to make Hongkong his per- hoped during 1051 to eliminate I would like to point out, representing the Auditors), H. progress has been made. It is is $170,403 less than for 1949. Mesars A. W. S. Marshali _of_War_Damaged Property. Re-j,

the serve is estimated to be suffected

e -- conference --- is to discuss manent home and he was oc- and the

the worst of the remaining por however, that demobilised

the here. tons of poor track on our per-

1050 Sidbury, H. Owen Hughes, E. cient to cover the work still to Prointment of Mr A. H. Penn common problems relating to the cordingly

Working Account organisation and

was debit Grant Smith, U. J. Hansen, where he has since resided, and

manent way. training

exi with Colonial Police Forces.

where he is now employed. He

$333,480 In re- Shen Zee-feng, H. J. Young, La car-body Our

replacement Messi Peat, Marwick, Mit Sir Charles Jeffries, chell and Company were

Deputy had tried to buy a house here, programme is also restricted by Remunemployed Retiring Kal-wing and the Hon. T. N. re-Under-Secretary of State In the but had so far falled.

the non-delivery of small com- Remuneration thus increasing Chau. staff and workers has again tian of $3,500 per annum on theme and other offlelals will be faulted by a person to circumstances permit and every the Employees' Rettreme ei teen Showan Tomes & Co., and as Kwong Bat.

elected Audites at a remunera- Colonial Ofce will be the chair- In the course of his judg-ponent parts and of materials, the Employees' Retirement Fund man. A number of Colonialment, the Chief Justice said: "A from the United Kingdom but shown in the Balance Sheet proposal of Mr A.

domicile

from $800,000 to $1,133,480. of choice may be ac- this is reconded by Mr D. E. Kibble.

Raymond,

proceeding is fast as present, including Mr W. John-

previous Balance Sheets, Present at the meeting were, son, the Inspector General of in which he happens to be ser-effort is being made, both to ob

Colonial Police, Mr A. Raymond (Chairman), tant, Sir George Abbiss.

and his Assis-ving, on military

other duties, tain the necessary spares and tingencies OT

shown as Special the essentials being the factum materials from alternative sup Mr I, W. Shewan, Sir Robert Ho

Their Majesties the King and of residence and the intention pliers

so as to avoid as far as possible this case I am satisfied that pet. materials that are in short tioner has acquired a domicile f of choice in Hongkong, and that It will be remembered that the Court therefore has juris-spoke last year about the diction."

desirability of rebuilding

present Retiring Scheme for our SIDE GLANCES No order was made as to premises at Russell Street so change in the name of the ac- our employees and I hope that the costs or damages, both of which as to parzalt

a better use of the petitioner did not seek. this land and ultimately to do

use of count and the method of financ- away with the

will meet with your need of our King's Road Depot

approval, for storage Preliminary

On the debit side of the Profit steps and Loos Account, the over- Nathan Road yesterday and

taken in 1950 towards that LOG found that the driver of one of

end. These were held up by provision for taxation of $174,- 301 deducted from the reserve the cars had no driving licence. H.K.T.

technical matters until Septem- The offender Luk Luk, 20, of Children's Story: "Teytown" Dad-came

6.00, Programme Summary"; 8.2, ber. In the meantime it befor 1951/2 mainly represents the Mrs Sheriffa Minu, a highly, Ashley Road, 1st floor, came ful Doings In Ark Street (BBCTS)

although mount over provided in the came apparent that, in course of installation, purchase of motor vehicles fol- Mesected member of the local before Mr Winter at Kowloon A Play by 3. 4. Hulme Beamsans 0.30, the average number of passen- 1940 Accounts for our tax names-

Moslem community, died carly this morning and pleaded guilty Rectal by Emilio

Pavement for 1950/1. Over-provision Light Orchestral; 6.45, Saxophone gers

carried during the year for taxatlon was made last year lowing the withdrawal of

the this morning at her residence, to chargen licence to

Bales with was greater than the previous for of driving without Plano Accompaniment by Cristobal year Hennessy Road, after a cence, without

peak

reached in because it was apprehended that and the purchase of No. 1 Felix short illness. She was 71 years | the owner and without due care and News Analysis (London Relay); } May, after which there was a standard rate of tax might |

permianton of Vicente (Studio); 7.00, World News

*** the ARC.

7.15. Services Que introduced by failing off in the

load- Mra Minu is survived by two $300 for the offences.

and attention. He was Aned Peter Binon (Btudio); 7.35 w

Romances 6.00 From The Ed partly por

mile. This car sons, Mr A. K. Minu and Mr

duc He dealed

to the increased 05 A.R. Minu,

fourth charge forla" (Recorded Londen Relay): the at cost or interport

well-known of overtaking on the left, alleg. 6.10, "Lucky Dip" Variety Request number of cars put on service cricketer, two mar-

presented

Spence under, and it has been

con-ried

daughters, Mrs B. Xhing that the other car involved studio) $10, BBC Bandstand once each day but it was also due in

BIGGER NET BALANCE aldered prudent to make a re

in the and Mrs M. Adem, an unmarried bumped inin his car.

accident,

Band of The Royal Artillery conduct part to backed, and d by Lt. Col.

decrease since

since. May in

Before leaving the Profit and number of people travelling. Loss Account, I should like to Geary, daughter

the serve against unshipped

and a large number

(BBCTS); 0.40. Light This

perhaps Inspector Dewar said that de- Opers of grandchildren.

Company:

due to draw your attention to the fact 10.00, radio decline in Reel (London fendant was a friend of the News

the The funeral will take place owner of Po Hing garage and tra Of To Week-The

Belay)!

population on that this year we have shown at the Mohamedan Cemetery took the car without the owner's Phlikarmonic Orchestra conducted by plentiful. Whatever the

10.15, Weather Report; 37,19, "Drebes-

Island the

to the the amount perhaps Czech fact that money and the balance, with exception Happy Valley, at 3.30 p.m. to- permission.

Em Was not ED ployees Welfare and the of a few small items, has been day.

Vaclav. Talich; 10.43, United Nations on the fact remming that from a 'novable, to' Government alpce coleced.

Album: 11.00. Pepe Nuniz and iss SAUNATgenuine Orchestra: 11.15, the month of May During the year, the Loan on Mortgage was repaid, and Cash hand and of Bankers stands a high figure. The balance, however, after payment of the Proposed Dividend and Bonus. would be readily absorbed if A

be done.

"Directors"

of

In

to the Board was confirmed.

BONUSER The proposed Bonts to the Secretary and Work: Manager,

Business Merger

been well earned and will. 1 hope, together with the trans for lo Chinese Employees'

Fund, Benevolent

have your approval.

Fund gotiations are in

It was learnt today that ne- progress be-

and

in a country

was

former

Account

of Profits.

in Ltd, and Wheelock Marden &

Owing to the inadequacy, in Tung. Mr Horace Kadoorle, and Queen will visit the Police Cal to reside tiere permanently. Pliers and to modify the design Approps was financed from Co., Ltd, for the purchase of

present day conditions, of pre- Mr A. H. Fena (Directors), Mr lego on April 5. war contributions to the Pro- vident Fund, your Directors R. V. Lederhefer (Acting Secre decided to revise the rates of ary) and the following share. contribution and to increase the holders: Messra D. Black, D. L Company's back contributions Prophet, H. M. Parsons, G. E. at the new rates, granting a loan Marden, G. T: Palmer, R. Dahi

to the Staff to enable them to and D. E. Kibble.

pay in their share.

་

Your Directors further de-

elded to instituto a Retirement

Fund

to augment the Provident DEATH OF MRS

Fund on

with

panies.

1.

a scolo comparable

those of other local com-

The increase in Fixed Assets

la duo to new machinery now

the

Use our Tramway, 314

Villas to provide suitable

ac-of

commodation for your Secretary and Works Manager.

Stocks and Stores have usual been valued

of

stocks

Hemp. Sundry Debtors include the referred to carlier Staff Loan

S. MINU

Woman

Fined, F

For

Jay-Walking

What

Accident Disclosed

The police went to investi-

ate a minor traffic accident in

the

INSUFFICIENT EQUIPMENT

Radio Hongkong

M.B.E.

Owen

Musso; 11.2. Weather ve

Bed

Was

average

was

Was

the rea-

of $1,133,480 is the actual Relatter.

I might say that the amount the former company by the tiring Remuneration accrued at

I

31 December,

it

1950, under the

be increased from 10 percent to 15 percent. As you are no doubt aware, the rate was final-

fixed at 12% percent

spent

on

way By

of the

ja con Royally, eldered that the inclusion of Report God BATE The King: 11.30 ear mile fell by about 25 per and Loss Account more com-

[ average: passenger

per these items makes the. Prodt. cent. This reduction in load-

I intended to Logs per car mile may be taken plete and it

Clone Down.

INTELLIGENCE TEST SOLUTION

Kypa “revised versions #juna! *Corné nos the cost of Paradise

*Or of Paradies Flounized

* epic post-how well we W show it *Loaves such things i

Enexplained London Enareza Kerutas, “

accounts,

13

The net baietico · carried to Profit

and Loss Appropriation Account is $4,240,595, au; in- creen of $169,301 on 1949, and when to this balance da added

as a measure of the extent to show them in future published which overcrowding has been ensed but it

1184

Httle direct relation to our

total receipts we Lisfactory which continue at a Level In view of this tion, however, it was

I was therent the $80,200: ? brought, "forward desirable. to. delay any further Increase in rolling stock, unili from the last account at the antiferim dividend of $1,023,750 it wma, emore evident, what: ***

For falling to carry the ro

·40-year-old `woman was quired · number. of life saving we were able to carry the stocks fined $10 by Mr Winter at Kow-appliances Kwok Tal-bly master of Hemp and Rope which we loon this morning for lay walk- of fishing Junk M110F

like, and by Turther puring. The defendant, a hawker, Aned #10 by Mr T. B. Low at men of mecology to which I named Kowals, Kwan, according the Marino Court this morning ave just referred

to Inspector Dewar, dashed Sub-Irispector

Nigrard across the road from the paveld that when defendant's junk Check Your Beve ment and narrowly escaped Intercepted off... Talkoo possible death because a bus Decks on March 11, four life

In Canada

2. Les future traie trends might be, is deffoted, not balance of managed to brake in time,

buoyo, instead of five, and 18 Miserables". However, a military, lorry life belts, instead of 20, were Florida They are adminis fede

**3. - St. Augustine, Another factor 3), which tas 32,501,441), is avalible, for dis- the Dosal, which your Board pro- contributions to Provident following behind the bus col-found on board. Defendant ex- terad by Great Britain as a reconstruction of our premises pod should be dealt und, and a retiring gratuity lided into the roar of the public plained that he lost them dur-British Crown) Colony. Asa at Hussell Street has been that follow

service" to Mir, vehicle, causing. minoy damage Insta stormy trip to Cheung-Youlson. d. The imperial state 21 appeared that the cost of our Transfer to General Reserva Karier, our late Chief | to both" vehicles,

chau laland on the same day. crowns made for Qusea „Victoria, original proposdle : vodia Tha¥* | 8000,000; Tranater: to: Develode

Creditors and Credit show a substantial in and include, amor Shwriters, balance of pur

bak price of No 1 Felix Vivas,

+

www

Philippines, 2 p... as Agapeñor. -

FRIDAY, MARCH 223.

By Al Formoss, 10 am., C.AT. Malays, Indonesia, Ceylon, India, Middle East, Africa and noon, B.O.A.C.

BN. Borneo,

Europe. Australia, New

Zealand, Foon, Č.E.A.

Philippines, Guam, Elawall, USA, Conada, noon, P.A.L.

Formous, nogo, ILIC. `AirWarE.

DyBurface Macao. 6 .m.; Noon, as Yu-Men

China Prople's Republic, . 8.37 E.R.; Noam Á nhà thì Canton.

Hawaii, USA, Canada, Central &- South America Foot Pref. Wilson.

By Galbraith

"Do we have to name him after your grandmother? can't run around the belghbourhood calling 'Hotchkiss'!'

Printed, and published by Trick Far Thun and on behalf of South China Morning Post Limiini at Wyndhamn. Street, Elty of Victoria, in the Colony of Hongkong.