1920-04-19 — Page 3

COMPANY MEETING.

GANDE PRICE & CO., LTD. The thirteenth ordinary meeting of Messra Ganda Price & C, Ltd. was held at the Company's Office, §, Queen's Road Central on Saturday morning. Mr. E. C. Pank presided and there were present: The Hon. Mr. Lau Chu Pak, Mr. C. H. Lyson, (Directors), Mr. C. Bond, Secretary, Mestra J. J, Blake, D. Rum jabn, Chow Tung Sang, Cha Woon,

ag

COMPANY REPORTS.

THE HONGKONG DAILY

FAR EASTERN INSURANCE CO. At the annual general meeting of share holders of the Far Eastern Insurance C, Ltd, to be held at Shanghai on the 28th inst, the Directors will recommend the payment of a dividend of 8 per cent. to shareholders.

SHANGHAI» GAS CO.

The Directors of the Shanghai Gas Co., Indybare decided to recommend payment

The CHAIRMAN said:- MESAMT dividend for 1910 of Tia, & per share,

being as the rate of 4 per cent. on the païd up capital, and that Tix 149,15648 be

en off for depreciation of Buildings, and Stocks of Fittings and Tis 18.948.59 carried forward to next account,

IMMEDIAT LANDLORD

TO

ADMISSION TO OXFORD AND CAMBRIDGE. CONCESSIONS GRANTED

HONGKONG UNIVERSITY. Mr. N. Teasdale Mackintosh, Registr of the University of Hongkong writes:

MONDAY, APRIL · 18ra, 1920.

MOTOR CAR CONSTRUCTION

IN AMERICA.

7,691,59 CARS REGISTERED! Our American contemporary Metor in te its New York Show number has gone to the trouble to crystallize into figures and diagrams an analysis of American car I have the honour to submit horewith construction at the present moment. The figures given are most interesting from copy of a decres passed at a-congregation the point of view of both the English pur- of the University of Oxford held on March chaser and the British manufacturer. The average price of all chassis in Ame Strid, 1990, at Oxford.

rica is 2,440 dollars (£675). It is con That the University of Hongkong befidently anticipated that this average admitted to the privileges of Statt Tit. be increased by 100 dollars (£97) within the next few months. Of all cars offered 11 Seat VIII. on Colonial and Indise for sale-57.8 per cent, are fitted with six- Universities, no far as it relates to the cylinder engines, 30.9 per cent. with four- with states and privileges of colonial juniorrlinder engines, 7.8 per cent

onginesharing eight cylinders, while students."!

twelve-cylinder cara only make up 9.3 per No fewer than 88.8 dent of the total per cent of the cars manufactured in the U.S.A are fitted with the vacuum system of fuel feed, gravity and pres sure being each 5.6 per cent.

The affect of this privilege, which is now being granted to the University of Hong kong is that any graduate from this University may enter the University of Oxford without passing Responsions or any other entrance examinations; and, moreover, may proceed to the degree of BA, Oxford, by a period of study and residence of 9 years at Oxford instead of 3 years,

nett proft for the year amounts to $39.040.57, and although this is a large decrease on the previous year, I am confident you will agree with me that we have had under adverse circum- The stances a very satisfactory year. decrease in the profits it not due to de- cressed salem, but to a much lower per- centage of profits earned. "Owing to the very large stock which we carried at the end of 1918, advantage quld not be taken of the rapid upward" kadency of ex- change. At the same time we could not "make market rates, and must abide by the prevailing prices, as we could not hold our stocks and lose touch with the market. The balance of $5.719.38, brought for- ward from credit of profit and loss account for 1916 makes a total credit of 337.780.55 which your directors com bearing that the defendant was not the The effect of this affiliation is that any the big-ends, camshaft, pistons, etc., are

mend should be appropriated as shown in the report now in your possession. After paying a dividend of 81 per share, which will absorb 818,105, they deem it advisable to further strengthen the stock reserve Recount by transferring the sum of $15,000, thus bringing up the total to $35,000: This sum together with the gen eral reserve of $20,000 makes a total of $55,000 which we hope will enable ne to

also meet any future competition and ..place us in position to lace any emer- gency. The balance of 1,655.55 has been estried forward to this year's account, and I sincerely trust that with this re serve at our disposal, re shall be in a position to meet competition and, advance our sales during the current year Gentlemen, in conclusion. I beg to move a vote of thanks to the management for the able manner in which they have looked our interests in the past, and I trust with their co-operation, we shall have,

after

DEFINED. INTERESTING "POINT OF LAW. At the Magistracy, on Saturday, the bearing was concluded in the case in which the landlord of No. 48, Lower Lascar Bow was charged with allowing the "first floor of his premises to be used as a brothel.

Mr E Davidson, who appeared for the defendant, submitted at the previous

immediate landlord of the premises, and, therefore, was not responsible for any illegal acts committed in immediate landlord was the principal

tenant

it The

who received the rent. The Police submission was to the effect that as defendant has been served with the summons by the Secretariat for Chinese Affairs, it proved that he was the im mediato Landlord of the premises as his mamme was registered as such.

At Saturday's hearing a clerk of the Secretariat for Chinese Affairs said that the defendant was the registered landlord of the whole house. He was registered on March 16th, 1911, The last tenant of the first floor of the house registered was Tai; he was registered on September 21st, 1917. Replying to further questions, the witness said it was the custom to register, in every cat Tandlord of a house, and the principal tenant of every floor

**** if not better, as good results to place of the house. It was the duty of witness

.

I further beg to enclose a copy of a report issued by the Council of the Seunte of the University of Cambridge on the affiliation of the University of Hongkong. graduate of the University of Hongkong who has passed either in Latin or Classical Chinese at any of the examinations held at the Hongkong University may.enter the University of Cambridge without taking any of the parts of the previous exam nations or any other entrance examina- tions and may proceed to bis Degree Cambridge after a period of study residence of years, instead of 3.

[Copy.]

REPORTS.

THE POPULAR TYPES OF ENGINE.

of engine fitted, As regards the types. those baring an L head are in the majority, 61.8 per cent. being fitted with this form of combustion chamber. There engines fitted with overhead valves, their is a noticeable increase in the number of number having increased from 12 per cent. The in 1900 to 39.9 per cent, in 1920. detachable cylinder head is practically universal where a monoblos engine is fitted.

The most popular form of lubrication is a combination of force and splash, in shaft are lubricated under pressure, while which the main bearings of the crank

lubricated by oil splashed from troughs under the big ends Engines Etted with this forts of fubrication constitute 70.6 per cent of the total. As regards cooling, pump circulation of the water obtains in 67.8 per cent, of the cars manufactured, cooled the remainder being therme syphonically

The leather or fabric cone clutch is atrapidly becoming obeolete in the States. audOnly 11,1 per cent, of the clutches in use

Report of the Council of the Senate of the University of Cambridge on the

March 1st, 1920. Affiliation of the University of Hongkong: The Council of the Senate beg leave to They have received from the Registra report to the Senate as follows:- of the University of Hongkong a request for the affiliation of that University to the University of Cambridge

The Council have considered the TE gulations of the University of Hongkong and they are of opinion that the appli cation should be granted subject to the

"conditions set Gear below

I-That the University of Hongkong be adopted as an Institution affiliated to the University,

.

to receive notices from the Police, and order a district watchman to serve them

IIThat any graduate of the Univer on the landlord of houses, against a sity of Hongkong who has, in accordance tenant of which a charge was made under with the regulations of that University, antisfied the examiners either in Latin or the Women and Girls Protection Ordi-Classical Chinese in any tee of the nance. "It was the custom always to serve examinations required for his degree be such notices on the registered landlord, entitled to be admitted to the privileges of and not on the registered principal

before you at our next annual meeting With these for remarks, have much pleasure in proposing the option of the report and statement of accounts...

Mr. J. J. BLAKE: 1 e much pleasure Vere is only one in seconding that. thing. Mr. Chairman in the accounts I don't see that there has been any bones given to the staff which I think should be placed in the accounts and I would

Mr. T. H. King, Assistant Sugerinten. suggest at this meeting that the same bonos be given to the staff a was given dent of Police, said he had another wit- Last year. I understand, Mr. Chairman, ness to call, but before doing so, he would like to address the Magistrate on the that you are sitting in the office and are

and immediate " point of landlord you run really the director of the firm; the firm ably and well, but still at the landlord. He understood Mr. Davidson

same time you must understand that you have a staff that is working for the in- terests of the shareholders and directors and I think it is only fair to the staff to get a bonps for the work they have done. You take into account that you have got in the Chartered Bank the large amount of $37,000 odd balano and out of that I do not suppose it would cost more than $1,000 to give to the staff a little bone and I propose now at this meeting that the staff get the sand bonus as they got Last year

tenant

m.ffiliation.

(Signed) P. Giles, Vice-Chancellor, W. L. Mollison, H. D. Anderson, T. C. Fitartrick, Joseph Larmor, W. R. Sorley, A. C. Seward, T. B. Wool, R. St. John Parry, Walter Duraford, J. N. Keynes. J. B. Tanner, H. D. Hazeltine, J. H. Grax, K. McLeod Innes, H. J. Ed wards..

MEETING.

BUSINESS DONE,

on the 1990 cars are of this pattern, the remainder being of the disc or plate type. A very noticeable tendency in the past few years of car construction in the States. is that of allowing the rear springs to take the whole of the torque and braking Instead of encasing the pro corporating other devices for absorbing. stresses.

the braking and driving stresses, the Ame peller shaft in a torque tube, or by in-

rican tendency is to allow the springs to discharge both functions; 70.8 per cent.. of American productions incorporate this principle. The chief incentive is to lower the cost of production:

AMERICAN

BRITISH

AND MOTOR INTERESTS UNITE TO BUILD ALL BRITISH AUTOMOBILE

Joha N. Willya, the motor-car salesman who turned £70 into £18,000,000 in nine years, to-day President of the Willys Overland Company of Toledo, Ohio, U.S.A., and many subsidiary companies," is now President of a new British-Ameri- facture all-British Overland Cars at can Motorcar Company which will manu Hestea Chapel, Manchester.

Willys Overland Crossley Limited, a company representing an association of two leading American and British motor- car interests the Willys-Overland Com pany of Toledo, Ohio, U.8.A., and the executives of Crossley Motors, Limited, of Gorton, Manchester will make the latest Overland Four Model from start to finish, using British labour and materials as far as possible..

in

Thus for the first time motor-car bia- torr American interests have gone across the sea to combine American capital and brains with British, in a company of

was going to argue that the principal tenant of the house was the immediate landlord. According to practice in the THE SHANGHAI RATEPAYERDhield the majority of shareholders are. office of the Secretary for Chinese Affairs, notices had always been served on the registered landlord, who was presumed to be responsible for what went on in the house owned by him. In every case, such. notices, when served, were accepted by the landlords. Mr. King' then referred the Magistrate. to oction 12, and section 14, of the Women and Giris' Protection Ordinance under which the case

WBA

brought, and submitted that under the definition in action4, the landlord of the house was responsible.

The CHAIRMAN: You have to give due notice if you are going to make a motion

like this.

Mr. BLAKE: To the directorst

The reports of the proceedings at the annual meeting of ratepayens at Shanghai run into so many columns in the Shang bai papers that they could not be given in a single issue.

British, and which is solidly supporting British industry. The new company bas adopted the most successful American methods of mass production, & system of standardisation of parts whereby the greatest economy and efficiency are attain-

ed at a minimum cost.

At the outset, the Willys Overland Com pany of America will supply parts peces- We take from one of our contemporary for immediate requirements in as sembling cars. It is expected, however, aries the following summary of what was

that the new Overland factory at Heaton

· all manufacturing done!--

Chapel will be actually Approved the creation of a Chinesee parts for Overland

cars within the Consultative Committee.

Refused to sanction the addition of next year. three Chinese members to the Municipal The new company will supply first the requirements of the British market, and, Council.

Adopted the report and recommends later large percentage of the export demand. It is expected that more than tions of the Vice Commission against the 70 cars, already on order, will be de- Received and adopted the report of the livered in the British market during 1990. The story of how Mr. Willys induced approval of the Council. committee which investigated the Bhang in hotel flerk of Indianapolis to collect hai Volunteer Corps also against the op all the small change in his hotel, and so position of the Council.

raised the £70 necessary to meet the fac Sanctioned the extensive programistory payroll and save the company, later raising $1,500 from his friends to keep Adopted the 1990 budget and authorised the Overland factory in production, and. planned by the Electricity Department. & loan issue of Taels 4,800,000

having acquired the factory, set it on its Voted against flotation of gold loans feet and built it up to its present for Electricity Department contracte mammoth proportions, reads like the most

Decreed that Electricity consumers sup- plied in bulk must subscribe to Municipal Loan issner.

Defeated the motion that premium bonds are not to be issued without express sanc tion of ratepayers, and

Mr. Hutchison said that he had con- The CHAIRMAN: The question of bonus sidered the point carefully and there was no doubt in his mind that the immediate has been under careful consideration of landlord was the person who received the Board of Directors. After mature the rent. That was the principal tenant consideration it was decided to give the who had mib-let the house to the woman staff one month's extn pay as bonus. W who was convicted. Ha dismissed defend

act. quite appreciate their good service and in view of the small bianco that we have compared with the previous year ws. thought it wise and sufficient to pay the their staff one month's a payus

The CHAIRMAN: Yes to the Secretary. bonus. You see the rate of exchange at

Mr. BLAKE: Then I will give you notice the time that we bought the stock was that I will make a proposition to the about two shillings per dollar and now Hirectors of Messrs. Gande Price & Co. the rate has gone up to 58. We must that the staff get the same bonus as last provide a substantial reserve for deprecia-year

The CHAIRMAN: Your proposal will be tion in our stock. As directors we have laid before the Board of directors later the interests of the saff and the Company on

The report and statement of accounts theart.

were adopted, on the proposition of the Mr. BLACK Mr. Chairman, that is CHAIRMAN, seconded by Mr. BLAKE quite all right. I quite agree with all you have mid. Al the same time you

Mr. C. H. Lyson was confirmed on the have a good staff in Mesars. Gande Price

Directorate, on the proposition of Mr.

FLAGS OF THE NEW STATES.. & Co. and why lose their services by not BLAZE, seconded by the CHAIRMAN, who giving them the same bonus as last year said: I wish to state that it is with

The Breach

Minister of Marine has You understand you have a strike on in deepest regret we have to record the death issued a Noty describing the flags of the of our Mr. Chan Kaiming I am cone States which have been recognized by Hongkong and I au positive that if say-fident I am expressing your sentiments the Allies, and which will consequently be thing is taken away from your staff you when I itate that, we deeply deplore the entitled to recognition at sea and in port. are going to lose some money from the Mestre Lowe Bingham and Matthew of red, white, and red..

from the loss of so valuable head of the Company. Lettland has adopted horizontal stripes result. I would make a proposition, and were re-elected auditors at the same ze Hathonia has blue, black, and white in I am thoroughly coversant with it, that muneration as last year on the proposi haritontal stripes, penkta

tion of the Eas. Hr. LAU ORU PAK, Georgia has a striking flag in rich crim- by giving the staff the same bonus sa last scended by Mr. Lrsoxta fost dat son, with a rectangle, half black and half in the upper corner. PAN in the forthcoming year.

The Hon." Mr. Lau Chu Rak was re-

elected Director, on the proposition of Mr. BOND, Keconded by Mr. BLAKE

fantastical Baroun-el-Raschid romance.

Today the Willy-Overland plant at Toledo occupies 120 acres of floor space. and over 30,000 people are employed. It has railway tracks covering more than

twelve and" a-half

Toted to tar permite to carry firearms. department has handle and the traffic

Tabled the report of the loan redemp tion committee.

Pasted Vote of thanks to Command. aat T.E Truemen of the 8.7.0.

Voted to re-assess land in the Settle ment.

as many as 1,000 large railway tracks leading and unload

The 1920 programme of the Willys-Overland. Company is arranged for, the production and marketing of more than 200,000 cars of the well-known Over land four model, the new light-weight car for which important economy and comfort features are claimed as a result of ita special three-point spring suspension. This is an output of approximately 700 motor cars a day. The total number of car made since the company's inception excredis 800,000, 1,000

THORNYCROFT

JOHN L. THORNTOZOrr & Co., Larren,

› SHIPBUILDERS AND ENGINEERS,

LONDON, SOUTHAMPTON AND BASINGSTOKE.

Shanghai Ofce: 65, Szechuen Road.

MARINE MO1ORS AND MOTOR BOLIŠ.

MOTOR LIGHTING AND PUMPING SETS

SHALLOW DRANT STEAMERS. THORNICRONT OIL FUEL SYSTEM.

Commercial, High-speed and Pleasure Craft.

THORNYCROFT

WATER-TUBE BOILERS. THORNYCROFT MOTOR VEHICLES,

Car Motor Engineer and our Naval Architect, both Thornycroft experta, now resident in Shanghai, will gr.e attention to all inquiries

Marly deliveries can be made of 18-b.h.p., 20-b.b.p. 46-E.h.p., and 70-b.b.p. Kerosens Marine Engines.

E. R. ROXBURGH.

Manager for China.

LA FAVORITE

LATEST PARISIAN CREATIONS. EVENING DRESSES, AFTERNOON GOWNS,

SMART COSTUMES AND SPORTING APPAREL.

LA FAVORITE

Telephone No. 3312.

IMPORTANT

9, Beaconsfield Arcade.

+438

NOTICE.

Manufactures the most Important Point le Improvement, and in Cleanliness. Belende klways insists on these Maxima Groundnut or Feanut Oily can be used as a substitute for ¡Olive Oil, Lart, but when Blightly Dirty in Injurious to hostth.

In China, by the Ordinary Methods of Extraction, Dirt and Das guarded against: Our Method shows a great advance. By the use of New Ki and New Methods Scrupulous Cleanliness is Assured.

.

Our Machinery during the Process Filters the Oil while our Factory in Free Dust Our Oil in Clear, Sweet and Fagrant; and Compares most favourably other Oils used for Celinary purposes: there is no residus.

Frices see moderata no se to induce nirw. basin.com. Analysis is always given before Shipment to Foreign Countries. Foreign Correspondence wanted. Capacity per day 20 tone.

NAM CHAU OIL FACTORY,"

Office ----No. 187, Queen's Road Central, HONGKONG, TÁL, 1207

Factory-No,, 28, Kwel Lin Street, BAMSHUIPO

The Sole Proprietorship of this concern belongs entirely to a Chinese Citizen.

Stationary Crude

Engines to

salt all purposes

from 5-500 B.H.P.

For prices and particulars apply.

UNION ENGINEERING CO., LTD..

York Building, Chater Road.

125

Talking of the new company Mr Wil- liam M. Letts. O.B.E., one of the pioneers of the British automobile industry, said: **The demand for popular-priced motor cars in this country, both for private and commercial purposes, is unprecedented; practically every manufacturer has his output booked far ahead, and is unable American car is a factor that British will, with the co-operation of proven made to all the demand Yet, taking the long manufacturers cannot afford to ignore, and cemful American technique, produce ** (Continued at foot of next solumm.) the lines arranged, in this now factory nation."

Year YOU are going to make farther profia The CHAIRMAN announced, that dividend Arts his black, green, and white view, the - oompetition of the imported I am eonvinced that miss prouadion on walte entirely satisfactory to the Brith

(Continued at full of

Warrants were ready, and, there being no column) fumber business, the meeting terminsteck.

The

in horizontal stripos.