1918-01-30 — Page 3

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COMPANY MEETINGS: WEST POINT BUILDING CO., LTD.

The thirteenth ordinary meeting of the shareholders of the West Point Building Co., Ltd., was held yesterday morning at the offices of Messre Jardine, Matheson

THE HONGKONG DAILY PRESS,

HONGKONG LAND INVESTMENT

CO., LTD.

The thirtieth annual general meeting of the shareholders of the Hongkong Land Investment Co., Ltd., was held yesterday at noon at the offices of Messre Jardine, Matheson & Co. Ltd, when

ST. JOHN'S CATHEDRAL, HONGKONG

ANNUAL MEETING OF BEAT HOLDERS AND SUBSCRIBERS ›

WEDNESDAY JANUARY 80TE, 1918.

The Reservo Fund, as I have already said, has been absorbed into the General Fund

The Endowment Fund is unchanged, costing of $10,000 in per cent debentures. The income of this Fund hse hitherto been applied to the Assistant Chaplain Fund,

And although, unfor tunately, we have no longer an Assistant Chaplain, this income will be required

year

The annual meeting of seat-holders and subscribers of the St. John's Cathedral, Hongkong, was held last evening at the City Hall. The Bishop of Victoria pre-

Chaplain Fand The subscrip tions to the fatter fund fell off from $1,546 in 1018 to $706, and a sum of C. Faul Chater (Chairman), Messrs. (chairman), Sir C. P. Chater, Sir Robert Copley Moyle (unior Chaplain) the

8488% had to bo

be transferred from the D Landale, C. 8. Gukhay, A. O Lang Ho Tang, Messrs. A. H. Compton, C. 8. Hon. Mr Claud Severn, OMG., Mesars

Bowley

(Hon Treasurer), and W. Ltion, a further sum of 2800 has since (Directors), H. W. Looker, M. S. North Gabbný (Directors), H. Porgy Smith, Stabb 4. Harris, F. B General Fund to balance this. In addi cote, J. A. Maitland, D. G. M, Bernard, the Rev. Father L. Robert, Messrs. Lo Pattonden (Hon Secretary), been paid to our former Assistant Chap OA du Roza, H. Peroy Smith and A. Cheang Shini, A: V Ward H. W Locker; Mr. FBL Bowley, in submitting a lain for salary and travelling expenses, W. E. Roberts, D. K, Moes and A Statement of accounts, said in pre so that 81,988 is still required to close

sunting the pannual accounts last year this Funds Shelton Hooper (Secretary).

had to inform the seat-bolders and sub- The SECRETARY read the notice conven Shelton Hooper (secretary).

The CHAIRMAN Bold--The net profite scribers that the expenditure had exceed en the income by $575, and that we ing the meeting

Unfortunately, this year the excots of has been necessary to rausfer the expenditure over income is 8880, and it

& Co. Ltd. There were present-fir there were present Mfr. D. Landad sided and was supported by the Rev. H. Asista to make good the deficit of the

The

that there is plenty of work for the From these remarks it will be seen Treasurer whom you are about to elest *War Charl although this is not o more liberal in their gifts this year than all Churchnies and women will

86,053,96 for the previous year. As the year, and an increase in our fire insurance members of the Church of England and of opinion which would includo a

expenditure,

The CHAIRMAN: Suid-The net profit for for the year amount to 2383,067.93, started 1917 with a small debit balance for the present year, and I hope that the year is $78,009.37, as against 867,140 against 2381,694 33 for 1816. The rent for 1916, and 253,931.32 for 1915 account shows an increase of $17,180.94, increase has been brought about prin and there has been the property die Reserve Fund of $1,000 to the General they were in 1917,

posed of at a profit of 88,034.31, Fund in order to meet this deficit This The Hon M. HE Pollock, K.C cipaliy by our having had the beacht of against profit on sales of property in disappointing result is not due to any lack of generosity on the part of the the increated rental under the new Icaac 1916 of $10,966,00. There has been a seat-holders and subscribers, but to the for the full year, and to the cost of decrease in our charges of 23,416.78 in fact that they are so few in number, the repairs being only 83,014.42, as against comparison with those of the previously There must be many hundred total number on the register being 128 of the

property has been built for many years account of $1,530.65 You will notice kindred Churches in this Colony in addi we have deemed it advisable to replace the accounts a sum of 35,000 which tion to this small number, including our American friends of the Episcopal with steel and concrete the kitchen and this Co has contributed to War Church, and I appeal to them to remem varandah floors, whieli from time to time Charities. The amount invested in pro ber that the old Mother Church of the Colony is not, as is the case with most. become dilapidated. The Company conperties has increased to the extent of Cathedral and Parish Churches in Eng. tributed the sum of $1,000 to War 270,648.13, principally on account of the land, possessed of endowments or titles, Charities, which, your Directors feel development of the Old French Convent Our Cathedral is disestablished and was never endowed; it is the duty, there sare, you will approve of. The increased

forc, of every Churchman and Church net profit, now enable us to pay a final

woman in the Colony, although he or she may be prevented by military duties dividend or $3 per share, in addition to

or other ungegements from attending re the interim dividend of a like amount,

gularly at the Cathedral, to contributo and to carry forward 83,088.74, as ngainst

towards its maintenance. Further, it $2,688,87 in the last account. I now beg

nay Churchman or woman in the Colony has any cause to complain of the manage to propom that the report and accounts,

ment of the Cathedral or the conduct of as presented, be adopted and passed.

its services, let them remember that the management is, as far as possible, based 3. MAITLAND seconded, and the pro

on à populor saffrage, and if each of them will send $10 or more to the Tree position was carried.

surer they can eaet their votes for a new Church Body and ventilate their con plaints at such a meeting as thin

Sir C. P. Ohnter and Mr. A. O, Lans were re-elected Directors of the Company.

Mr. DA KOZA proposed, Mr. M. E. NORTHCOIL sounded, and it was unani. mously agreed, tant. Mr. H. Percy Smith be re-elected auditor of the Company at a remuneration of $100, instead of 850 as

hitherto

The CHAIRMAN announced that dividend. warrants will be ready to-day.

HONGKONG. CENTRAL ESTATE.

LIMITED.

site, which has now become revenue earning. The Prays East reclamation scheme, in which this Company is largely interested, is still in abeyance, but it is believed the Government is at present preparing the necessary preliminary plans. The amount of capital invested in shares in kindred companies has not been increased, and the total stands in our books at a sum less than the market quotations,

The report and accounts, as presented, were adopted and passed on the motion of the Chairman, seconded by the Rev. Father Robert.

Mr. D. K, Moss proposed and Mr. Lo Cheung Shui seconded that the election of Mr. A. H. Compton as a Director of the Company be confirased

It was carried unanimously.

Mr. H. W. LOOKER proposed, Mr. Ward seconded, and it was greed that Sir Robert Ho Tung and Mr. HP The fourth ordinary general meeting White be re-elected Directors.

Messrs. H. Percy Smith and C. Ber of the shareholders of the Hongkong Central Estate, Ltd., was hold yesterdaynard Brown were re-elected auditors at morning at the ofices of Messrs. Jardine, a remuneration of 2800 each, Matheson & Co., Ltd. Sir C. Paul Chater was in the chair, and there were als present:-Mr. David Landale, Mr A. H. Compton, the Rev. Father L Robert (Directors) Sir Robert Ho Tang, Messre. C. S. Gubbay, H, W. Looker, D. V. Etcavenson, H. Fercy. Smith, and A. Shelton Hooper (Secretary).

The Secretary read the notice con- Ivening the meeting.

The CHAIRMAN said-The net profite for the year amount to 884,127.57; as against 376,093.67 for 1816, and, after paying a dividend of seven per cent, we carry forward a sum of $26,047.14, as

The Chairman announced that dividend warrants will be ready to day. HONGKONG LAND RECLAMATION CO., LTD.

Although the year under review shows special expenditure on passage money for the Chaplain, who after 5 years ser vice received 6 months well-earned fur lough, we cannot anticipate any decrease decided to convert the Chaplain's ster expenditure, this year, as it has been ling stipend into local currency at 27 sure, meet with approval of all who know. to the dollar- a decision, which will Lane what it is to live in this expensive Colony

asked what was the further estimated expenditure on the Cathedral organ

Mr. Bowley replied that the total ex penditure on repairs was $7,000. Of another $3,000 owing Mr. Foller was that sum $4,000 had been paid, leaving there would be further

A. H. Harris proposed and the small house to accommodate the blower Bishop, seconded the adoption of the M2 W. L. Pattenden moved a resola- accounts

the congregation's ap- tion expres Mr. Denman Fuller's ser preciation of

Mr. A. Compton seconded this and vices as organist during the past 12 years. it was

carried with noclamation. Denman

man Faller in acknowledging the compliment, said he was ably assisted Satisfactory of by Mr. Blackett in effecting repairs to the orgen, &

The following were elected members which he then gave

Claud Body Messrs. of the Bevera, F. B. L. Bowley, A. H. Compton W L Pattenden and N. d. Stabb and Professor Earle The Bishop mentioned that Mr. H. Harris and E. V. D.

stated their inability to serve. Parr had state

WAR re-elected | Mr.

auditor.

notice had been

Arezolution, of given that the meome of the Endowment und be applied to General Expenses of paying the in future, was withdrawn. It had been

intended for the purpose Assistant Chaplain.

On the motion of Professor Earle, that the sum of 8134.48, received from seconded by dr. Bowley, it was agreed the Nationa Mission, be applied towards the Chapol plotion of the screen, of the side

Bishop mentinrod that

The t

was not fuficient for the purpose, but Mr. Claud Severn and others had pro- mised to help.

Mr. B. L. Bowley proposed that all seats in the Cathedral he unreserved five minutes before each Sunday moming

orvico

The Bishop seconded this.

be

That

Collections for Church Expenses are 400 less than last year, although the Christmas Day collection was for the first time for many years, devoted to this purpose. This falling off is no doubt, partly accounted for by the abandonment of the practice of retaining for Church Mr. Claid Severn noid the proposal Expenses a portion of each Special Col was not quite fair to the Peak residents, lotion n practice which was condemned who had to take in Ear ten minutes b by the Bishop at last year's meeting; but for the service began. If they missed the main cause is the extrema unpopu: it and came by the next car they would larity of the collections for Church find their cats cooupied. He moved,

all

the Expenses as compared with War Charis an amendment,

unreserved after the holis ties, in unpopularity which, I hope, Cather

Cathedral be members of the congregation will over-case Stabb seconded.

ringing come during the present year.

Bents of Sittings and Subscriptions Mr. Bowley said the amendment ear-

any and donations are practically the seine ried them back to the old regulation theoccupied at the com as in 1916.

mencement Bervice was free

what the Cathedrai

WAS fighting of 8970, and, of the amount of $4,305.85gainst

Special Collections show an increase appearing under this heading, $,Profesor Earle thought that nilts

should be

be free. There was a definite This includes Mr. Fuller's Choral Ser

thet connection in England, moment in vice collection of $1,032 on Good Friday, and they should try to follow it as far which made a record up to that date as possible in Hongkong. He moved a 81,400 and #10 contributed to the Mine and that those who paid for seats should the since celined, however, by the sum of further awendment that all seats be free

their contributions Swepers Fund this month, contintie their

by to Thursby

Pelham seconded this. tion that the item for Repairs includes

and the clearing and re-planting of the com pound, kindly undertaken by Mr. Tuttofthe meating cher and Miss Phoebe. May and tue The SECRETARY read the notice conven-pair of the pathways, for which a debt of gratitude is due to Mr Perkins ar Tutcher has also been good enough to future. Capt. Carr, E., kindly con undertake the care of the compound in tributed to towards the Hevised Bible, which cost $00,

The seventeenth ordinary general meet ing of the shareholders of the Hongkong Land Reclamation Co., Ltd., was held yesterday, mid-day, at the offices of Messrs. Jardine, Matheson & Co., Ltd. There were present:-Mr. (in the chair), Sie C. P. Chater, Si Robert Ho Tung, Messra C, 8. Gubbet and A. H. Compton (Directors), the Rer, Father F. Robert, Messrs. H. Peroy

• D. Landale want to War Charities,

against $11,119.57 brought forward from Smith, Loo Cheung Shui, A, Shelton On the expenditure side I wish to mr Barle's amendment was pat

the previous year. Repairs to property show an increase of $1,185.83 and include somewhat extensive renewals to the roof

Hooper, L. N. Leefe and M. 5. Northcote (Secretary). ⠀

of No. 9, Queen's Boad Central. Yoning the meeting. will notice that the Company contributed $1,000 to War Charities, a contribution which, your Directors feel sure, meets with your approval.

The CHAIRMAN said--You will have no- ticed that your Directors voted a sum of $2,500 to War Charities during the year, a vote which, I am sure will meet with The whole of our property is well let your hearty approval. After the pay in om chees at an increased rental overment of this sum the net profits for 1417 that obtained under the old leases During the year we acquired the German Bank premises and this accounts for the increased amount shown under cost of pro- perty from 82,351,853 25 to $2,669,482,25. The premises are fully occupied at satis.

The sum of $488 has been transferred

to the Assistant Chaplain Fund to make up a deficit.

to the

Mr. Severa's amendment original motion was then carried.

The next resolution submitted was "That all seats shall be free at each

Sunday even lock

service

Pollock wanted to know there should be two specific rules The Bishop replied that as they could not get the whole they were trying to get a bait

factory rentals Included in the amount due, were paid off and the amount underwork for six months but much remains us to the evening

að, B

of their

occasion, have been charged to Profit and an increase of 805,128,71. due to the ac their chance of joining this generale gift and

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Professor Earle thought the congrège- tions were small at the evening gervice, So much for the General Fund. The People were inclined to stray in for amount to $41,794,12, as against $44,338.0 Organ Fund calls for special mention on that service, but made it their duty for 1018. This is accounted for by on the in to rebuild it was resolved to attend in the morning strayed

organ at a cost of about 87,000. An in could not expect to find room. increases in all of the accounts on the in June last to rebuild and improve the Pollock said those who

Saiya his side of our Profit and Loss account apptal was issued and met with a most The Bishop wished there were many moved, and would. Dowbigging and a decrease in Interest account. generous response, 85,559,82. being quick-

san builder, has been engaged on this Mr Pollock seconded, the following

That the same rule,

apply Several of our mortgages, having fallenly raised afr Blackett, an expert of

to Ee done, and a further sum of over to

amendment was lost, and the under accounts payable is the debenture the heading of investments in mortgages $2,000 is still required to pay for the

Mr. Pattenden said that 175 had been interest for the half-year, which would is $588,410 less than last year. Part of work in hand. Here, again, I should original notion was carried

this sum has been for the present invested like to call attention to the generosity of

Grifiths

token-

appreciation have been mostly, paid out had not the in shares of the Hongkong and Shanghai the few and the indifference of the subscribed and sent to the Lev. G. H last day of the year been declared a Banking Corporation and kindred com- many The $5,500 has been contributed of his services. Mr. Grafiths and panies: Our investments under this head by less than 100 individuals out of the replied thanking them, but suggested general holiday. It also covers directors ng now appear as $416,285.53 as against thousands of lovers of Church music in that the money be used for the erection and auditors' fees, which, on this $150,780. Investment in property shows the Colony. The remainder now have of a

Farle

whether they band and paying off the organ debt could not buy some

Mr. Griffiths In this connection I must mention the send it to great liberality of our organist, Mr. Mr. Gevern suggested that the matter Deuman Fuller, whose musical enthus be left with the Church Body addi and sening are so well known. In Bishop Lander refereeld in Ship addition to devoting much time and skill ference, was

April, in connection with the con- to the care of the organ in the past and hai in

of English Bishops The Cathe to its pending reconstruction and in-seration of Chinese Bishops to take provement, he has now presented to the

to it, and he thought it would be id thing to select three lay repre-

thing to selec pelled blower of the latest type, which is valued at £160 sterling. This blower,

in a statives,

best to Harris thought it which makes 1,400 revolutions

CANTON CMS. GIRLS BOARDING STRAITS MERCHANT SERVION

GUILD. minute and produces a pressure of 11 leave the matter to the Charch Body inches on to water gunge, enormously The Rev. H. Copley Moyle then pro- AND DAY SCHOOL increases the wind power of the organ, posed an omnibus vote of thanks to those which has hitherto suffered from inade who had assisted the work of the Church quate wind supply and pressure. It also during the past year. He said he be- actions, and will enable the organist to Colony was distinctly religious and he out the fullest expression of the hoped the present year would be a beauty and volume of this, the finest, prosperous one musical instrument in the Far East,

•Loss account..

The report and accounts, as presented, were adopted and passed, on the propost tion of the Chairman, seconded by Mr.

C. S. Gubbay."

Shang

the

squisition by the Company of a residential

property at the Peak, properties at Bhau Kiwan, and some corrugated iron sheds which will shortly be let for godown of 265,000. Rents, give an increase of $5,000, due to our having lot of a con The elections of Messrs. Anton, Comp-siderable area on KML 49 for coal storage. Our house proparty in Taumati ton and the Rev. Father. Robert is in good condition and a now leace Cathedral complete electrically been invited to send representa Directors were confirmed, on the pro- theroof has been made at a higher figure position of Mr. Looker seconded by Mr. The report and accounts as presented were adopted and passed, on the motion Nortprote

of the CHAIRMAN, seconded by the Rov, Father ROBERT.

Sir Robert Ho Tung and Mr. Compton were re-elected directors,

Mesars H. Perry Smith and C. or the ensuing year at a remuneration of $50 each

Wa

The Rev. Father Robert exited Director on the proposal of Sir Robert Ho Tung, seconded by

Mr A. Shelton Hooper.

AT

REASONABLE PRICES.

OUT. HILDAS-East Parade Ground.

180

Mr. H Percy Smith and Mr. Bernard Brown were re-elected auditors readers possible the use of pneumatic loved the spirit of the people of the Prinal: IS BENDELACK MA of the IMPERIAZ MERCHANT SERVICE Bernard Brown were re-elected auditor at a remuneration of $15 each.

The Chairman announced that dividend warrants were ready and could be had od application:

The CHAIRMAN announced that dividend -warrants will be sent out to lay

This ended the meeting.

Dip. Ed

School Re-openg January 10th, 1918, Thorough English and Chinese Education Fess redarste

DISPENSARY Buildings Ramax Place Singapore, so HONORARY AGENTS GUILD, where subscription are received, now Members are enrolled and all Members are welcomed na Visitor daring the stay