1920-03-29 — Page 3

THE HONGKONG) DAILI

of the Company. We heartily endorse the DOCXate of 800,000 in the way of bonus to

COMPANY. "MEETINGS. HONGKONG AND WHAMPOA

CO., LTD.

PREPARED TO CONSTRUCT "THE: LARGEST TIPE OF VESSELS,” The ordinary yearly meeting of the ngkong and Whampoa Dock Co., Ltd, was held at noen on Saturday, at the offices of the Company, Queen's Building.

COMPANY REPORT, SHANGHAI WATERWORKS,

MONDAYS MARCH- Wen, 1990.

GOVERNMENTY, HOUSE

H.E. Sir Charles Eliot, EC.MO, CE, when pasing through the Colony on his way to Tokyop was, the, guest of His Excelency the Governor,

Paul Chater presided and there were Manager, Mr. Dyer, Mr. Dyer has been is The 126,138,77“as Ngained Tla. 373,281.4.C.M.G., C.B., Rear-Admiral G. HL. | Also present the Hon. Mr. J. Johnstone believe that in no wall measure the of water in 1919 includes that of the inter.Borrett, R.N., Mrs., Borrett, Miss Barrett,

staff. The whole success of the Company is due to the loyalty of the staff and the Tha report of the Directors of the Fonscientious work done by them at times Shanghai Waterworks Co., Ltd., shows Ao doubt under unpleasant conditions that the gross revenue for the year from Some have, gyne on well earned lepre after all sources amounts to Tls, 914.117. HE the Governor entertained on long spells of service and some are about against TIA 799,40268 in 1918, and that Thursday Commodore 7. O. Bents. Van

take, leave. In this connection, I should the balance of working account, tran den Berg at a banquet given in his honour i like to mention, the name,

of the Chief ferred to credit of profit and loss account, Government House. The other guests present were--E. Sir Chas Elliot,

oat 11 years, working continuously I the arious year. The revenue from sale GM Docwell, and. G. W. Barciency of the Dock Company is do, to lary moon.

! His Honour Mr. Justice Gompertz, Mrs. |*|* (Directors), B. H. Dyer, BB,

his efforts and organising ability. I am

After writing of The 53,18619 for Comports, Commodore V. G. Gurner, NA (Chief Macager), Sir Robart Aung, Messrs. W. Badge, W. Dunbar, are we wish them all a pleasant holiday depreciation on permanent works, paying RN, Mrs. Garner, Captain R.. F. Sluijs,} and a safe return. With these few re- Interest on debentures and aundry other AL Boeser, H.N.H.8. Tromp, Flag H.N.M.S. Hertog Hendrik, Commander Clarke TF Eough, J. Warka, gentlemen, I have much pleasure items, the nett profit for the year is Tha

Lieutenant Commander J, G. L. Wickers, ats, W. J. Carroll, H. Percy Smith, Owen Hugbe, T. Pestos AO in seconding the adoption of the report $389,083.40. To this must be added T.

and accounts (Applause.)

68,42.10 brought forward from 1915, N.M.S. Tromp Captain A Lambert

M., W. DUNBAR proposed that Sir Fanl

interim dividend of 90/- per share at ex- Fletcher, C.B.E, Mrs. Fletcher, Comman Chater and Mr. J. H. Wallace be rechange B/4, absorbing Tis. 86,250, wander A. H. Walker, O.B.E., R.N., H.M.S. NE elected to the Board of Directors

declared and made payable on July 25th admus, Mr G. Hamel, Cavaliere E. Holborn, O,B.E., RN, H.M.S. Tamar, available for distribution which the

Mr. Holborn. unanimously agreed to."

directors recommend be disposed of as follows:-

t

LANE, CRAWFORD & CO.

THE HOUSE FOR VALUE

NEW SPRING GOODS

B.V.D. UNDERWEAR IN VESTS

AND DRAWERS. COOL AND COM-

Lang, F. Buyth, G H May, Richard, who motion was then carried" unani- } making a total of Ts. 444,735.50. A BN, HMS Cairo, Hon. Mr. A. G. M.#BORTABLE SOFT TO THE SKIN - $1.50 each.

Hancock

monely.

E Abraham, P. Toster. Logan, J. M. Alves, and E. L. Hosie, Acting Becretary).

CEAIRMAN said-Gentlemen, I will esti upon the Chief Manager to read the M, W. Bubar seconded and this was last; there remains a sum of Tis. 358,485.50, Signorina Eles, Pay L-Com A

the convening the meeting. The notice having been read, the Chairman (ssida

Mr. Hovan proposed that the appoint Gentlemen, -The Directors' Report and ment of the Hon. Mr. John Johnstone, Statement of Accounts together with the Infr. G. W. Barton, and Mr. G. M. Dod auditors report for the year 1919 barios well as Directors be confrmed. been in your possession for the last

propose with your permission to

that the continued improve

of the Company afforda

under review has been activity both in ship- fring and all our been well employed

ling

for Government almoet completed?

recent

we have been told

Mr. W. E. OLAEX seconded and the motion was unanimously agreed to.

Mr. Owen Braum · proposed. the re- election of Mr. H. Percy Smith and Mr. |A. R. Lowe-as auditors for the ensuing. year at a remuneration of $1,500 each- and that the same sum be paid for last year's services.

Mr. Laxe seconded and the motion was unanimously.agreed to.../

The CHAIRMAN announced that dividend warrants would be ready to-day and the meeting terminated.

THE CHINA: PROVIDENT LOAN: ́ ́AND MORTGAGE CO, LTD.⠀ The twenty-third ordinary general meeting of the China Provident Loan, and

Co., Ltd was held on Satur Mortgage day, fab, 11, ami at the offices of the ners that the quality General Managers, Mesars, bean Romes & Co., Mr, R. G. Shewan presided nd, there were also present Messrs. G. Dodwell, G. W. Barton and U. Poi dais now read

achinery already Ou (consulting committee), M. S. North cote, R. M. Henderson, G. H. May, B. A Ferguson, J. M. Gordon, W. H, Smith, C. Stafford, J. Toppin, W. A. Figueiredo, à. A. Ardeiro and WJ. Hawker

tárgyakat dua ta duz AULS (stretary).

The CHAIRMAN, said:-Gentlemen,-You will have seen from the report which has been in your

our hands for some days, and which I assumə I may now take as read, that our earnings for 1919 abow & marked improvement on those for" the previous year. Our Net Profits for division 8175,219,09 amount

against 8126,658.89 for 1918, and we propose to aliccate this as follows:-... To place to reserve fund $35,000.00 To "depreciation and repairs

25,000.00

Hand) general store ard in course of construction which when com pleted vill take the place of the older buildings now no longer large enough for Our growing requirements. A large bay is also being added to on machine shop to enable us the better to cope with the additional work entailed on that depart ment by our shipbuilding extension. Four new blocks of quarters for our European Staff comprising 34 houses are now practically completed and in occupa tion and are proving a very desirable addition to our property.

You will notice than we are again writ ing off a considerable amount for depre elation. This includes the book value of some of our older buildings, plans and machinery-20 per cent, off other addi tions made during the year, 20 per cent of Boating plant and 10 per cent off the remainder. As it is, above everything the aim of your directors to keep our establishments up to date, such action appears highly desirable, and I am sure you will approve, as also of the addition to reserve fund of 9750,000, bringing the fund up to $3,250,000. (Applause.)

In view of the possibility of our hav- ing at some time in the future to under take the construction of the large new: Dry Dock to which my predecessor refer- red last year, and which is now engaging the attention of your directors, it is desirable to add as much as possible

all to the reserve fund.

account"

to

"And to ́"' claims 'for short and damaged cargo, bad and doubtini debts account

To pay bonus to staff

་ ༣' ,

98,571.43

65,714,28

15,000.00

To pay a final dividend for the year 1919 on 23,000 shares" of 30/- per share, £34,500 "at ex. 7/~ To pay a bonus on 23,000 shaxCS of 90/- per share, 228,000 at e T/... To place to stocks reserve

fund To place to reserve fund 100,000.0 To donate to King's Fund for Disabled Soldiers, £1,000, så ex..'T/01.

2,848. Carry forward to new Account 76,35118 Ti.. 558,485.50

با نگاهی

BG.A. FAREWELL DINNER; AND CONCERT.

་

TO MEN LEAVING THE COLONY, On Friday last, the members of the R.G.A. Bergeants' Mess at Headquarters gave a dinner and concert to some of the members who are leaving on the 5.3. Hyson for demobilization. Several friends were invited, sovers being laid for

45.

H.E. the Governor gave & luncheon on

SOISETTE COAT SHIRTS

WITH DOUBLE CUFFS

$3.50 each.

Friday at Government House in honour COTELLA SLEEPING SUITS

6 HE. Sir Chas. Eliot, K.C.M.G4,"C_B., The guests, present were:-H. E. Hajor- General F. Ventris, 0.B., Commodors Gurner, R.N., Hon. Mr. A." G. M. Flet cher, C.B.E., Dr. J. P. Jordan, Hon. Mr. J. H. Kemp CB.E. Hon. Mr D. W. Erstman, Hon. Mr. W. Chatham, C.M.G., Hon. Mr. B. Hallifax, O.RE. Hon. mi. Lau Cha Pak, Hon. Mr. Eo Fook, Sir Robert Ho Tang, Dr. J. T. OT Jaka- on Professor CA Middlaton Brith, Mr. EA, Irving, Professor BH. Digby, Professor B. Eg Earle, Professor J. D. Wright Professor, A. G. Warren, Mr. N. m Mackintosh

Geberat Bir A. A. Barrett G.Q.B., G.C.BIG.C.V.Q., collect at Government, House on Friday, and was received by His Excellency

な

GOVERNMENT AND MAIL

“DELAYS.

INABILITY TO REMEDY. THE

"INCONVENIENCE.

The Government Gazette notifies that the Hon. Mr. HE Pollock, EC., gave potice, on March 915, 1990, of the follow- ing question:

Following the dinner an excellent pro gramms of songs was given, the following contributing Mr, Gr. May 8. M. What steps is the Government taking Da M. Or. Bradley, Mr. Gr. Pring, to ensure the more regular delivery in C.S.M. Sykes, S.S. Lyth, O.S.M. Edward future of mails from reat Britain to O.L.C. C.E.R.A. McLan, Sergt. Coomber Hongkong, vid Suez!*!* and Sergt. Roberts. During the evening. The Government's reply was:-"The the Chairman, Mr. Gr. Marwished the departing members bon voyage and pre sented each with a small souvenir to remind him of the happy time spent in Hongkong

The Warrant officers, and Sergeants of the Chinese Labour Corps passing through were invited to attend the dinner and con fort and a good number attended.

convenience cannot be remedied by any action of this Government na it is due to the abnormal shipping conditions at the

London endeavour to send the mails by the present time The Postal Authorities in quickest route available and the recent exceptional delays in the delivery of certain mails were due to the delay and diversion of vessels of the Ocean Steam- Gr.ship Company for purposes which were not known to the Postal Authorities at the time when the malls were put o board..It has now been arranged that all mails will be despatched by the Indian mail, that is by the weekly service wid Marseille Bombay and Nogapatam ant it is hoped that this arrangement will prove more satisfactory.

The Committee, consisting of Mr. Pring, Q.M. Smith and C.S.M. (LG) Bykes, worked hard to make the evening

MURDER ON THE PRAYA

ܐ܂

A Chinese, a foki employed by a firm in No. 6, Wingsing Street, was found mysteriously murdered outside No. 49, 15,000.00 Prays Central early on Saturday. There - 2,807.00 was an ugly stab wound on the left side To pay a dividend of 7 per cent,

of the chest, penetrating to the heart. or 76 cents per share t

87,500.00 The Police believe that tha, murder was And to carry forward to the

the result of some long standing, grudge credit of next year's account... 9,858.00 which existed between the deconsed raan. As you know, we have had to provide and some unknown person, as deceasedie for heavy repairs in some years which personal possessions were not touched. seriously affected our earnings, and to the body was identified in the mortuary equalise this in future we propose to open by other employees of his firm. a depreciation and repairs account, on which we can draw when necessary for special repairs or depreciation. We think it advisable to include depreciation, although at present we have little to pro- vide for in this respect.

We also wish to provide against bað debts and claims, as, although we have had so far few bad debts and not very beavy claims, we are liable to suffer under both these heads, especially in regard to sure that you will support the damage to cargo which cannot sometimes, of 898,000, as bonus to staff, a sum even with the greatest possible care, he which represents 20 per cent. of their avoided, "it annual salaries and which has been well The bonus to staff will doubtless meet earned as the excellent result of the year's with your approval, but I may mention working shows. (Applause.)

that in future provident accounts on with the With regard to our prospects, it is the usual terms will be always dangerous to prophesy and the members of the stalept w present high rate of exchange raling in There is nothing in the accounts that Hongkong handicaps us heavily in com requires cxlanation, but I may say that petition with other shipbuilding centres, the improvement in our earnings is shared but I think I can confidently assure you by, both our loans and storage depart that given an even not very near approachments. Whether we shall succeed in main to normal conditions we can still containing this improvement remains to be tinue to hold ou

seen. We are doing very well just now, and can but hope that this state of things will continue. The best condition for us is a brisk movement of cargo in and out, and I fear that we can hardly hope for that while rates of exchange keep

·E. PEKECH

In rising to so high, and the silver market so erratic second the adoption of the report and and unreliable. accounts, I feel sure that I am voicing the now move that the report and accounts satisfaction of all shareholders at the as presented to this meeting be adopted, very excellent report which is now before and that the profts shown be distributed un, and gratification at the handsome as proposed. When that has been second- return, in the way of dividend and bonus ed I shall be glad to answer any questions

I It is granfying for us, to knows and from abareholdera,dum

Mr. FERGUSON seconded and the motion - 31

carried unanimously

Bar Menara G. W. Barton, G. M Dodwell, and U. Poi On, were re-elected the Con salting Committes on the proposition of Mr. NORTHCorz seconded by Mr. MAY

I now beg to propose that the report and accounts as presented be adapted and passed and shall be glad if some member will kindly second, the resolution. (Ap plause.)

ME

must be a source of pride. to the staff to feel, that the work of the Company has boen well commented upon in the right circles and appreciated by the buyers and owners of the ships completed. The extra facilities now being provided in the way

of plant and machinery, I would seem to insure for the Company, a continued supply of work and shipbuilding. The policy of writing off large sums for depre ciation and the handsome addition to the reserve fund will I think appeal to all who with the long and steady progress

Messrs. F Maitland and H. P. Smith were re-appointed auditors at a remunera ton of 8500 each on the Proposition of Mr BETON; seconded by Mr. DonWELL

The CHAIRMAN announced that dividend warrants would be ready to day and the I meeting terminated

GRAVE DISTRESS AT; WEIHAIWELD

2,000 FAMILIES IN PERIL OF STARVATION.

GOVERNMENT ›

EDA

HE

LOANS FOR BOUSE BUILDING.

ADVISORY COMMITTEE

APPOINTED.. Government Gazelle notines that the Governor has been pleased to appoint the Hon. Mr. D. W. Tratman, Colonial Treasurer, the Hon. Mr. H. E. Pollock, K.C., the Hon. Mr. Lau Chu- pak and the Hon. Mr. P. H. Holyoak to form 's Committee for the purpose of advising the Government regarding the advance of money from public funds to persons proposing to build houses for residential purposes.

Application for advances should be addressed to the Colonial Treasurer.

HONGKONG VOLUNTEER

DEFENCE CORPS." AN APPROPRIATE TITLE The following notifications regarding the Volunteer Corps are published in the Gazette :-

Very grave distress exists in the Weihaiwei territory. At a careful etti- mate some 2,000 families of the poorest class, comprising in all some eight to 10 thousand people, are in danger of actual tarvation, unless speedy relief can be given them, says the N. Daily News.

Mr. E. T. Clark, writing to our con temporary, aaya he understands that F the Commissioner at. Weihaiwei has cabled to the Colonial Office asking for a grant to relieve the distress also that the residents at Weihniwe, foreign and native, are raising a fund, and that the It is hereby notified that H.E the Chinese Chamber of Commerce are cou Governor has been pleased to accept the sidering making a grant, and services of certain persons desiring to He understands that $10,000 per month be formed into a Volunteer Corps under for four months will be required to feed the provisions of the Volunteer Ordi the starving people. Mr. Clark had pance, 1920, Ordinance No. 9 of 1920, and collected $1.475 in aid of the Weihaiwel that much Volunteer Corps is from this Famine Relief Fund.

date lawfully formed and it is hereby further notified that such Corps shall be degnated by the style of the “

Hongkong COLUNY'S FINANCES FOR Volunteer Defence Corpa

NOVEMBER.

CHE. the Governor, has been pleased to make the following appointments ander The financial statement issued by the the provisions of the Hongkong Volunteer

Regulations, 1920bo Hongkong Treasury, for the mouth, foffor L. G. Bird, D.§.0., to bo Ad- November, 1919, is as followsministrative Commandant and to have Balance of Assets, and Liabi“

Arecutive command of the battalion o lities on October 31st, 1919 $7,918,847 10 infantry, with the local rank of Lieuten

ant-Colonel PARANOIDA Beronae from November lat

to 30th, 1918"

1,829,202,76 Major G. E. E Rapson, D.8.0., 2nd Batalion, Wiltshire Regiment, to be 29,141,339.98 || Adiwas kalne XHF the Governor has proclaimed the 342,321.05 28th day of March, 1920, an the date from and after which the Volunteer Ordinance 1,709,018,81 || 1893 and the. Folunteer Reserve Ordinance,

1910, shall be repealed":

Expenditure from November

1st to 30th, 1919)

Balance

tomód and, BXCL

RELIABLE MAKE. WITH SHORT

OR LONG TROUSER LEG

VIYELLA PYJAMAS. EXTRA

LIGHT WEIGHT FLANNEL IN

$5.50 scit.

FANCY STRIPES OR PLAIN CREAM $11.00 suit..

an

1JUST RECEIVED A BIG RANGE OF SILK

SOCKS IN ALL COLOURS $1.00, $1.25, 82.75.

15

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

109

Inspection cordially invited by-

UNIVERSAL IMPORT & EXPORT GO.

ז'

HOTEL MANSIONS,

TOF FLOCK,

HONGKONG.

NEW MUSIO ALBUMS VIOLIN PIECES

THE WHOLE WORLD PLAYS PIANO PIECES

SONGS

THE WHOLE WORLD PLAYS

THE WHOLE WORLD SINGS VIOLINIST'S BOOK OF SONGS

ETC.

ETC.

The Anderson Music Co., L

Voeux Road.

Tel. 1322

Powell L

Wm

TELEPHONE 346

SPECIAL SHOW OF

GENTLEMEN'S HIGH-CLASS

BOOTS AND SHOES

BLACK, BROWN & WHITE FOR ALL OCCASIONS.

MADE IN

GLACE KID CALF,

PATENT & CANVAS.

with

LEATHER RUBBER,

NEOLIN

BINET SOLES."

洋