1920-01-30 — Page 7

THE HONGKONG DAILY

FOREIGN CORPORATIONS (EXECUTION OF INFORUMENTS "UNDER ĶBALN

Jarge number of houses of varying sizes. It we can get the land near the Rifte Range, as I hope, we will, we can build there | The HOW ATTORNEY-GENERAL moved, the another forty houses If the bon niem- first reading of a Bill intituled an bor will get to

what the housing problem is, if he will let us know Ordinance to make provision with regard to the execution of instruments under

know

COMPANY MEETINGS. HONGKONG, CENTRAL ESTATE, LIMITED

The annual general meeting of the abora Company was held, yesterch

son & Co. Sir Paul Chater presided.

FRIDAY JANUARY BOTH. 1920.

COMPANY

REPORT

HONGKONG AND KOWLOON WHARF,

AND, GODOWN CO, LTD.

The report of the Hongkong and Kow- loon Wharf and Godown Ca. Lid...

what number of houses are required, seal by the agents of certain foreign cars the offices of Messrs. Jardine, Mathe states:-

poration.

sad the others present were the Han Mr. John Johnstone and Paro Robert (Ditecture), Sir Robert Hp Tung, Mar H. Nemazce, E. M. Sadick, Li, The Fon G. W. Barton, L. S. Greenhill, H.

and M. S. Northcote (Scoretary).

The directors recommend the follow-

apart from botel accommodation, it

The Directors beg to submit to share) will be very useful. The Government is

The COLONIAL SECRETARY seconded, and

holders their report with a statement of in entire sympathy with the motion of the Bill was read a first time,

accounts for the year ended December the hon. member and, with a slight varia The Objects and Reasons" attached

31, 2012 The profit on working was tion of it, is prepared to accept it. Ito the Bill state:-English law requires

in 1918. The nett profit for the year 2009,190,00 as compared with 000,049.94 propose that down to the word "Com that where an agent is to execute mittee" the motion should stand, and

after deducting Directors" and Auditora' an instrument under seal his authority CHAIRMAN aaid: The net profits then proceed; “ro make such suggestions

must also be under seal. Certain foreign for the year amount to 8106,239.70 as fees, and paying for repairs is $899,179.97. relating thereto and also to the question corporations, eg, French and Belgian against 808 850.76 for 1918 and 884,957.57 The amount brought forward from last of the improvement of the means of com corporations, have no common. son and for 1917 This satisfactory result in de year in $40,523.06 making a total of

to the gradual expiry at old leases at low munication with the outlying districts accordingly they cannot comply with this rentals and for long periods which were $938,703,3 available for appropriation. as may appear suitable." I may say that rule. This rule is purely technical now,ted by the original owners of our when the buildings were first the reason for that alteration is that

property and this Bill proposes to negative it for ready for occupation, and which have ing under the Royal Instructions.it is laid

Kinco

been re-les at rates more commen To pay a dividend of 86 per down that all proposals for expenditure foreign corporations incorporated in surate with the present demand for office must emanate from the Government. No countries where such an authority need accommodation. There are still a

of these old lenses get to expire Our To pay & bonus of $150 per doubt, the Director of Public Works will not be under seal. It is made general in property: to-day is fully occupied and intro write off launches

To write off lighters. be glad to receive any suggestions from order to avoid the necessity for enquiry Food order.

For the first time in our hands. To write off machinery and members of the Committee, and though and proof in each case. It is made retro declared an interim dividend at the care

spective mainly for the security of lease of 8 per cent. per annum and it is now plane they may not be put forward in any old titles in the Colony. The point has proposed to pay a final dividend at the To write aft Kowloon wharves... 64,077,00 |

same rate. A formal report they will be very useful to the Government when considering the financing of any important scheme for the development of housing accommoda tion:

The Hon. Mr. POLLOCK: I am pre pared to accept the amendment of the

only recently been taken here by pur. chasers.

THE NEW VOLUNTERE FORCE"

The Hon. ATTORNEY-GENERAL moved the first reading of a Bill intituled an

Ordinance to provide for the establish

ment of a Volunteer force..

ין י

The report and accounts were adopted on the proposition of the Chairman, Beronded by Mr. H. M. H. Nemazce.

The appointment as Directors of the Hon Mr. John Johnstone, and Mr. D. G. M. Bernard was confirmed on the motion of Père Robert, seconded by Mr.

E. Sadick.

The Hon. Mr. John Johnstone was re elected

Director on the proposition of

$450.000.00

120,000,00

| 8,000.00 $7,000.00

14,790.00

To write off West Point wharf. 2.000.00 To write off railways and roll-

ing stock To write off buildings. To Carry forward

account

12,000.00

£5,000,00

.:186,006, 25

8939,703,23

During the sear Mesars. A. S. D. Cous

.Colonial Secretary. I put in the word. The COLONIAL SECRETARY seconded, and Mr G. W. Barton, seconded by Mr. Lland and. A. O. Lang retired and their

suggestions" thinking that it might the Bill was read a first-time.

meet, the case.

!!!

The Hon. Mr. JOHNSTONE: There is one point, sir, that I think you did not make quite clear. I think you referred to

owners of steamships other than the European companies."

The COLONIAL SECRETARY: I referred to the local steamers under the local requisition scheme, and the arrangementa with the Shipping Controller whereby the Government took over 14 ships in all.

·HE. THE GOVERNOR.-The course I sug- gest is that the Public Works Committee should look into the matter and that the Chairman should issue papers on the various schemes, giving as many details as possible. It is hardly necessary for me to observe that it is a case where the Public Works Committes should incet privately, as we do not want information of the various schemes on the top and

"THE TREATY OF PEACE ORDER. The HON. ATTORNEY-GENERAL moved the first reading of a Bill intituled, an Ordinance, to modify certain provisions of the Treaty of Peace Order. 1919, for the purpose of adapting the provisions of the Order to the circumstances of the Colony of Hongkong.

The COLONIAL SECRETARY conded, and the Bill was read a first time,

The "Objects and Reasons" state The object of this bill as to adapt the

to adapt Treaty of Peace Order, 1919, to the circumstances of this Colony. The Order applies to the whole of its Majesty's Dominions and Protectorates, except the self-governing dominions and India, and Articles 3 of the Order contemplates that the Legislatures of the Colonies and Pro ectorates to which the Order applies shall

S. Greenhill

Mears. H. Percy Smith and C. Bernard Brown were re-elected auditors, nt a re- muneration of $150 each, on the pro position of Mr. Li Tse Fong, seconded by Mr. Northcote.

business, the

meeting terminated.

There being no further

HONGKONG LAND RECLAMATION CO., LTD:

The annual general meeting of the ahové Company was held, yesterday, at the offices of Messrs Jardine, Matheson

places were taken by Messrs. D. E. Mos and J. W. C. Bonnar. Messrs. C. S. Gubbay and A. David retire according to the Articles of Association and being eligible for themselves for re-election.

Auditors-Messrs. F. Maitland and H. Percy Smith, F.C.A., have audited the. accounts now presented and offer, thorn-

elves for re-election.

L.R.C.

SPORT.

CRICKET.

ROYAL NAVY,

Co. The Hon. Mr. John Johnstons presided, and there were present, also, the Hon. Sir Paul Chater, C.M.G. Sir

Tre following will represent the LRC. Robert Ho Tung, and Mr. 8. Gubbay in a friendly match against the Royal Directors), Père Robert, Messrs. J Navy on the latter's ground on Saturday, Seth L. N Leefe, Hell Irving, Lo Cheung Shin, and Sadick the A. el Arelli, C. C. Farde, B. H. Ismail,

at 2.15 p.m. 7A Bumjahn (capt holders), and Mr. M. S. No 8. D. Ismail D: Ramjahn, N. M. Bux,

Secretary).

The CHAIRMAN said: The ne profts. A. Ismail, S. M. Moosa, S. Moosdeen, for the year amount to 881,671.23 as and D. O. e Silva compared with 880,752.68 for 1915

Cabare

Our revenue from rents has 1 regret 10.S.C.C." A CRAIGENGOWER **A** to say, fallen from $40,824.85 in 1918 to

of s The following will represent the Civil large portion of rects derived

Service in their home match against storage on K. M. Lot

the price of land, cte, to get out. The legislate for the purpose of adapting the 619,350.12 owing to the cessating con traigÓUFOWLT,A) 53 p.m. tomorTOW:-E.

han, member also raised the question of Order to those Colonies and Protectorate the limitation of house rent. It is a very The Order will come into operation when difficult question and has been attacked the Treaty of Pence comes into force. The in various countries n various ways. I Order, was published in the London conless one great difficulty is getting Gazelle of the 24th Datober, 1918, and in clest kaowledge on the subject. If the the Iungkong Gazette of the 9th January, Comniittee can doviega chime for the 1920.

fimitation of rents, which will not defcat. 2. The modifications created by the the objec, I shall be extremely glad to bill are all matters of detail such as the receive advice on that subject. We are substitution of dollar amounts for sterl. in a dificult position, and if we limiting, references to Hongkong Ordinances rent to what we think is ressouable, and instead of to English Acts, and the sub what the land owners may regard as un-stitution of the Governor for the Board reasonable, you will check the develop of Trade as the authority for certain ad ment of building, which is even more ministrative functions. desirable than low rents. You will never CONGRATULATIONS TO SIE FREDERICK LUGARD, get cheap houses at cheap rents in this HE THE GOVERNon-Before adjourn Colony, and the point is to get enough ing I would like to remind you that this houses. At present there are not oven is the first meeting of the year and among enough houses. I expect that the report the honours published on the first day of of the house famine is being much ex- the year was the appointment of a former aggerated. One or two people without „house, can make na much noise us twenty when trying to infusses public opinion. I agree with the Colonial Secretary that the Committee should endeavour to find out what is the actual shortage of houses. It may be only a few tens or it'

may be a hundred. In a case of that kind it is wise to make enquiries The ho inember raises the possibility of Government raising money at short-term loans with a view to leading to honse: owners. One cannot expect to get money at a low rate of interest, and we cannot

ceased shortly before the end of 1019 and Crocker (capt.), A. B. Anderson, F

"not, Bacon," H. F. Beran, Burden, R. Dancta, pits 181

during pectation,,

is to he hoped, E. C. Fincher, S. Hamer, G. T. Knight, however, that some part of this land H. W. Sandford, and G. H. Haskett the current year as we have already had may again come into occupation during some enquiry therefor.

K.C.C. CHINESE 1.C.

During the year the Government re sumed possession of our Kowloon Farm The following have been-selected to play As for the K.C.C. at Kowloon to-morrow, Lot 11.

play starting at 2.13 p.m.-J. P. Robin son, J Stalker, J. V. Braga, W. T. Elson, J. C. Fletcher, A. O. Brawn, D. M. Goodall A. W Ramsay, W. L Weaser, K. R. Masahill, A. de Sousa.

The debit side of our profit and loss account shows & acercase in expenditure by reason- -of smaller bill for repairs and the saving of Government rates upon and formerly occupied and now vacant

·Our investment in share, remains un- changed, while that in mortgages has increased and now stands at 8209,000 us good rates of interest.

THE MARATHON RACE

Your directors recommend, the payment One hundred and four entries have been of the usual dividend of 7 per cept on received for the above race, the latest the paid-up capital, after payment, of including 27 each from the H.K.S.B. which we carry forward the sum of R.G.A.. and the 74th Funjabis, and 8 614,380.95, a sum slightly less than for from the 2/22nd Punjabis. A complete

year before. The report and statement of contist of entrants, together with all other ocobata necessary information and, instructions, were adopted on the proposition ofthe will be published after the closing date

Messrs. E. Ruttonjee & Son bare kindly. Chairman, seconded by Pére Robert

Messrs. A. H. Compton and C. S. Gub presented the Peter Dawson ! Cup as bay were re-elected directors on the pro second prize. position of Mr. Leefe, accended by Mr. Bell

the

. . Percy Smith and C. Bernară

The revenue of the Company from or Brown were re-appointed auditors, at, a remuneration of $30 each, on the pro dinary sources shows a gain over pre position of Mr. Lo Cheung Bhiu, second-ious years and your directors feel justi

President of this Council, Bir Frederick Lugard, to be a member of the His Majesty's Privy Council. I am sure that all the friends of Sir Frederick were pleased that the honour had been con ferred upon him, and only wish that it had been a higher one. If it is in accorded by Mr. E. Sadick unce with the general wish, I shall ask the Clerk of the Council to write to him. conveying our cordial congratulations.

Hon. Mr. H. E. POLLOCK-I heartily Bupport it.

The Council then adjourned till next week.

FINANCE COMMITTEE

This was all the business.

HONGKONG LAND INVESTMENT

AND AGENCY CO. LTD.

fied in increasing the amount of the final return to shareholders to a figure which will show a net 8 per cent, on the capital- This, I trust, will meet with approval.

During the year under review the oppor- tunity has been taken to dispose of certain property in the West end of the Colony hitherto used as godowns, at prices which show a considerable profit on original cost, and distribution to shareholders has been made accordingly.

raise it at a high interest and lend it was afterwards held, the Colonial, Betre: presiding St. Robert Ha Tung Mr. all that could be desired, and your dire

at

The annual zeneral meeting of the ahove Company was held in the offices of Meara Jardine Matheson & Co. Se A mecting of the Finance Committesterday. the Hon. Mr. John Johnstofe

The others present

Bir As usual, the work of our staff has been. Paul Chater. tary presiding..

GW. Barton. Mr. O 8. Gubbay (Directors foel sure that you will support the toms) Père Robert, Messrs. Lo Choung appropriation made to allow for a bonu Shadice, LA 19 Fong, Mr. Shelton Hooper, who has held the

N Leafe, Bell Ho Leang, being paid s

3. Chapman (shareholders), and Mr.

Secretary).

LEGAL. EXPENSES...

The Governor recommended the Council

to vote a mum of 8200 in did of the vote NV Croucher, and Northcote Position of Secretary to the Company

Crown Solicitor's Office, Other Charges, Extra Legal Expenses.......

a low one; therefore the rent pf & house cannot be as low as one could hope These and other difficulties confront you when you consider the question of a system of restricting rents, and if you succeed.fr restricting rents the people i who build houses

will 5ny that it is to put

their money

in some other business The CHAIRMAN: It appears that laet where they are not to be troubled by restric year while the Crown Solicitor was away tions, and where they will get a better there was a heavy Criminal Sessions and interest for it. However, this is a matter it was necessary to employ prosecuting which will receive the full consideration Counsel, the cost being $200.

the Committee, and I shall be glad to

The vote was agreed to receive any suggestion from you at any time. I trust that you will not devote yourselves to giving a general report, but The Governor recommended the Council to giving your advice on the subject. The to vote a sum of $2,000 in aid of the vote motion as read by the Colonial Secretary Public Works, Extraordinary, Hongkong, is accepted.

Grand Buildings, Labrines and Urinals. The Lotion was then put de fellows and

The CHAIRMAN There

of

VOTE

FOR FUBLIC WORKS.

since the date of its birth in 1689, retired The CHAIRMAN said: The prodita for at the end of the year. His work, not only in connection will of the the year now under review (after pay but also in the general interests of ment of all charges including managing colour as a whole, has proved invalu directors directors, and auditors' Les) able, and bo takes with him the best

with amount to 8682,205.97ated

wishes of a large number of friends, 8401,757,89 for 1018. To must be

Amonget whem may be counted your added the sum of 8104,505.01, the amount directors, who realize and fully appre brought forward from last year, giving niato the manner in which he carried a total of $786;602.68 available for dis out this services to the public with con been paid an interim dividend of $3.50 fore to this Company, tribution. From this there has already siderable credit to himself and, there pur share, or $175,000, and it is boy pro posed to deal with the biance of 8811,802.8s in the following manner various Housing Schemes barauce osade Diddel-Street-savent-To-pas-a Anel dividend of 21.30

share spin Der for different sections of the comencés of $100. The erection of

$250,000.00 Mr GW. Barton and Sir Robert Ho 17,600.00 Tang were re-elected Directors on the proposition of Mr. L N. Leöfe, 'seconded 8.005.93 by Mr. Bell Irving depart

Messra H. Percy Smith and C. Brown, were re-appointed nuditors, with a remuneration of 2500 each, on the pro- position of Mr. Ho Leung, seconded by

the

Colty in various, districts of the unikal in Conduit Road, which was held to pay & Ponus to shall mare

now referred by the back owing to a set-back of the roadway a staff erament to the Public Works Com-at the point, is now being proceeded with To write off furniture account mitted the Legislative Council, and it is necessary therefore to have it. To carry forward 127,000.00 make to that Committee to the nature of a re-vote for $1,700. The with po thereto and ggestions relating Catr.ne at Barker Road costs 82,000. The the improvement the question of total is $4,500, but the last vote was for

Leaving

in a balance of 82,000, now communication the means of 2.500

the outlying before the Financa Committee. districtá as may appelbitable. The vote was agreed to.

$611,802-83

"al of" which will no doubt meet

your appr

at foot of nezt columu.)

the appointment of Mr. G. W Barton to the Directorate was confirmed on the uption of Père Robert, seconded by Mr. Be Cheung, Shiu,

Thore being no further business, the meeting termitiated.

"EVERYCHING FOR CENNIS

TENNIS

RACKETS

SPALDING'S "GOLD

MEDAL DAVIS' ARGUS"

M.C.C

"RISELEY

$16.50

$18.00

HEXAGON" $16.50»,

UNITY

"VARSITY $19.50

$6.00 »

TENNIS POSTS TENNIS NETS TENNIS BALLS (1920). COURT MARKERS,

RACKET COVERS

CENTRE GUIDES,

GUT"

PRESERVER.

RACKET

PRESSES.

SCORING

BOOKS

RANSOMES!

-ALL-BRITISH

LAWN MOWERS 10" PRICE $3),00 each,

14"

18"

$40,00

$55.00

EVERY PART INTERCHANGEABLE.

SPECIAL TERMS TO GLUES, SCHOOLS AND SERVICES.

LANE, CRAWFORD & CO.

Just received from U.S.A., a new shipment of Typewriters-

different models.

Inspection cordially invited by

UNIVERSAL IMPOST & EXPORT CO.,

HOTEL MANSIONS,

TOP FLOOR,

HONGKONG.

COLUMBIA

森洋行

洋

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