1922-03-16 — Page 2

THORNYCROFT

JOHN I. TROBRYCHOFT & 00., LIMITED.; SMILDERS and Exoins123,

LONION, ECTSFabricx "aup, "Bakster:Czu.

Shangbai Office: 10, Kiukiang Road,

་

THE HONGKONG DAILY PRESS, THURSDAY, MARCH 18TH, -- 1942

15 B.H.P. 30.B.H.P. 50 B.H.P. Engines in Stock

For quotation apply-

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COMPANY MEETINGS.

LAOU KUNG MOW (SHANGHAI).

TRE NEW TREND IN LABOER.

in

CHILDREN IN THE FACTORY.

"HONGKONG HOTEL COMPANY,

· LIMITED.

SPORT

TENNIS

(open

PREPAID

WANTED"

ADVERTISEMENTS

Letters are bring a this Offon for Bars CE, 68, EX LM, IN, LR, LT“ LW MÀ, MK, MZ KS tho

OG, PD, PB, FG, PC, FR, PT, FW, A, OG.

PRIE Uralained at 8. F. G.&. Ball. Fob- to Goverment House before MARCH 21, or 1 ovamont Hos

26th, Number 0125. Holder send Tickst

The ordinary yearly nketing of share- holders of this Company was held at the

LATEST RESULTS. Mr. Hongkong Hotel, yesterday, at noon. C. Montagu Ede (Chairman of the Direc

Yesterday the tecnis, court on Mr. E. C. Pearce presided at the 28th tom). presided, and there were also pre- Hongkong Cricket Club ground, where seat the Hon. Sir Paul Chater, C.M.G.. the championships competitions are now ordinary meeting of shareholdering the Mr. A. R. Lowe, (Directors), Mr. J. H. being played of were busy, and there a Laou Kung Mow Cotton Spinning, and Taggart (managing director); Mr. Ha large number of spectators. The match Weaving. Co., Ltd., held at Shanghai last wook at the offices of Messrs. Ilbert & pafre (secretary); Sir Robert He between Redmond and Sayers. Yew Man Co... Ltd.

Tung

Messrs. Mowbray S. Narthcote, A. Taun and Wong Po Kei

Champion- This the year 1991, the Chair W. Smith, Fung Tat Hang, E. W. Aldership Doubles) attracted the crowd. Dian said:We have to record a success-.

AN energetic Young Man with many Years. 800, T. R. Parsons, A. S. Ellis, W. Egame was well contested and there were

experience in an Iniport and Export fr fal year's working, the result showing a Croucher (shareholders).

Van Eps, E. M. Raymond and V. V. A. some splendid relics Redmond's service serka position, Salary 20 object Box Yo Q.EL. balance at the credit of profit and loss

service, whilst sly faulted of his ret was good. He account of Tis. 100.001.14. From this

net. The Chinese played good game

did good work at the TO LET at Magazine Gap THE PEAK from about middle April, FULLY amount must be deducted the interim

and often got their opponents out of posi.Ft BNISHED Sir Room BUNGALOW with dividend of 20 per cent. made payable

tion Their service was not up to the large Gardens Tennis Court, eta On Motor last August, which absorbed Tla 160,000,

standard of their opponents.

Fead. Apply Box Q.G. “Daily Press Office. leaving for distribution to-day a sum of Ts 338,001.14, which, your directors Dow

10 LET One Four Roomed Farulaha)" recommend be dealt with as follows:-

Upen Round).-E. Busschaert best

Championship Singles - (las Tia.

Purves, 6-2, 6-3, 6-3. (2nd Round)-Eliongkong Daily Press.

D. J.Possession Iz Arai. Apply to " Busschaert beat N. Trambitzky, 7-9, 6-0,

To

pay a final lividend of ev per cent or Tis. 2 per aburu

To place to depreciation

stated in the report

THE LATE SIR ELLIS KADOGBIE,

I

The CHAIRMAN said:~Gentlemen,-Be- fore dealing with the report and accounts, I desire to record the extreme regret of your Board of Directors at the recent untimely death of Sir Ellis Kadoorio, who for many years was a member of your Directorate, in which position he render ed great assistance to your Company On behalf of hyself, and my colleagues on .160,000.00

the Board, I wish to convey to his ro 01,000.00 with them in their bereavement, Sir Ellis was a man of sterling qualities. 50,000.00 Honest to the core, kindly in disposition 5,000.00 and imbued with sincerity in all his 2,000.00 dealings, his reputation as a public bene-beat E. de Sousa and F. Prata, 6-1, 6-9,

Major J. R. Lloyd and A. B. Raworth DO YOU WANT IT factor stands second to pone,

ALLOCATION OF PROFITS.

The following are, the latest results:- THE WR Brush Sratand

To place to development Re-

...

To bonus to foreign staff To charity donations

view :-

Buildings

-13,005.21

ik

6-3, 6-3.

6-2, 6-1.

Infives and friends our deepympathy F. L. Lau bea: D. J. Valentine. 6-3 level or Peak preferred-occupation any time

Open Championship Doubles-A. A. Rumjahn and S. H. Ismail beat F. L Law and T. Lay, 6-4, 6-4, 94.

16-0. E. Busschaert and R. C. Witchell beat D. J. Parves and A. E. Johnstone, 6-1, 6-4, 6-4 F. A. Redmond and G. R. Sayer beat Yew Han Taua and Wong Po Kel, 7-5, 6-4,5-8.

best K. W. Lane, 1-6, 6-1, 6-2, 6-2

Club Championship. Major C. Willson

time (+15) beat C., C. Stark (718)

Handicap Singles AR K. Valen

4-6,

8-8, 0-3.

22

WANTED.-SMALL HOUSE or FLAT. Yer furnished or unfurnished-upper between now and 30th September W. B elo Daily Press Office.

10

#

1,610- ....1,910

$4,000

A 20 Year Endowment for 8,000 4 Amount paid to assured... Premigas paid by t 33% Profit &

Insurance D. O. DE SILVA, Agent, Sun Life Assurance Company.

"To LET.

NEW OFIICE ROOMS in Central Local Hty from 1st April Apply SANG KUE e/o Compradore Department, Hongkong & Shai Baat,-Des Voeux Road entrante.

(450

To general managers' commis

sion necording to agree- ment Balance to the next year's

After paying a bonus of 90 per cent. account

15,025.90 to the European staff on their salaries Referring to the accounts, you will and the usual bonus to the Chinese staff notice on the caset side of your balance at China New Year, the profit on working sbret that the following additions have | account for the year 1921 (as. indicated in been made during the year ander re the report before you) amounted to $439.689.81 45 compared with 3367,540.71 TIs. for the year 1920. The net profit earned 32,001-03 by the Company during the past financial 61,099.08 year after allowing for debenture in 30,1127terest, Directors' fees, bad and doubtful ....10.618.20 debts, etc., and after setting aside .... 13,703.81 | $87,871.52 for depreciation. amounted to

A. Redmond $311.790.87-to which must be added the and M. H. Roffey (-1/8) beat FURNISHED FLAT-Tregunter Mansion, amount brought forward from the pre- Bevington and T. W. Hill (15/0) 8-6.6-1. May Road, from April sth. vious year, namely, $41,800.36, making a

Apply to B. and H. Hanecek (-30.3) bent J. R. total sum of $395,527.47. From this fast Wood and C. Thorne (Scr.), 6-3, 9-7.

HUMPAREYS ESTATE mentioned sum there must be deducted the A, Kr McKenzie and B. D. Evans (12/8)

651]

& FINANCE CO., LTD. amoun of $120,000 in respect of the in-beat W. J. Carrie and C G. Perdue (+13),

OFFICE TO LET. terim dividend paid on the 18th December, 8-3, 4-6, 6-1. 1921, leaving a final sum of 9266,527.43 available for distribution, which your

Mill staff baildings Native houses

Machinery comp Weaving plant The Chairman proceeded to deal with these items in the order named and then with the sums, assigned to depreciation, development and dividend reserves,

Labour has been giving us no little capée for anxiety, during the year, although wo have had very little actual trouble. Wages had again to be advanced | last August.

It has to be borne in mind, however, Directors recommend shall be appro that the steady growth of other cotton printed (as intimated in the report before mills in Shanghai as well as in the coun-you) follows:-

try has attracted some of our best bands To pay a final dividend of

to these new enterprises; it is, therefore. incumbent upon us in order" to "retain our older hands to keep them contented with their lot.

There has recently been some agitation about the employment of children in factories and the hours of work. We are willing to admit that labour conditions are not as good as these prevailing in other countries, but unless China, brings into operation a Factory Act which can be enforced throughout the country, local mill owners, whether inside or outside the settlement limits, can do very little.

With regard to the future, the comple

гд

80 cents for share on 309,000 shares

.....$124,800.00

To pay a bonus of 30 cents

per share on 208,000 shires

02,100,00

To transfer to general reserve 30,829.09 To carry forward to new

account

45,-198,75

$208,527.-13

and I have Do doubt, that such recon meintion will meet with your approval.

NEPULSE BAY HOTEL FIRMLY ESTABLISHED,

tion and consequent competition of the With regard to the various under

Handicap Singles "B."-W. A. Cornell (116) beat P. W. Barker (scr.) 6-0, 6-1.

G. F. Caville (†4/6) beat G. H. Wilson (Scr.), 6-3, 6-3. K.,W. Lane (-3/6) beat D. M. Larkins

Handicap 4/B

6-8, 6-3, 7-, ·

GOLT.

ROYAL HONGKÖNG GOLF CLUB.

The qualifying round for the Captain's Cup. played at Failing over the week- | end, resulted as follows:

C. C. Stark

H. G. Eales

Lieut. R. S. Barry. R.N. J. D. Kinnaird

Cemdr. C. Cantile, B.N. Rev. H. Borrison, R. N.

were:

BILLIARDS.

87-10=77

96-18-78

90-10-80

80- 7-82

D0- 6=84

TO LET.

NIX ROOMS, will be vacant in “USION

BUILDING," from 1st Apr3,

Apply

UNION INSURANCE SOCIETY

OF CANTON LIMITED

TO LET FURNISHED. From 15th May, 1999 to 31st January, 1993,

FULLT equipped 5-ROOMED HOUSE at Kowloon, excellently situated near Royal Observatory".

Preference given to tenant who-would let one room to 'h young bachelor the son of the Lessor

Apply Box 558,

elo Daily Press Office FOR SALE

AND, approximately 7,000 square feet on

waterfront at Swatów with modern 2 storied brick and concrete building suitable for office and godown. Farther details apply.

THE HONGKONG CHAMPIONSHIP.

On Tuesday night at the Victoria Re Creation Club. Lee Wing.iu defeated W. Smith in the competition for the billiard many new cotton mills that have been takings under your Company's control, I

The scores and are being erected must in the near have to inform you that all have pro-championship of the Colony future effect our outlook and we can caly Hotel, which bas now firmly established

500 to 202. The winner's highest The Repulse Bay break was 24; Smith's highest was 12 pressed favourably. hope that the heavy clouds which have

To-night a splendid game is promised for so long overhang the political horizon itself in popularity with the public, made between Inspector Pitt and L. A. Osmund of China, which act se discouragingly on net prefit of 283,071.11 as against the runner up last year, Pitt is in good trade, will lift, and the hardships which2.194.05 during the previous year the form and has here making large breaks native merchants have to contend with in increase being largely due to the opening recently. Osmund's prowess is well known. M with large cabin, lavatory, pariry etc. order to carry on will disappear. We of the West Wing, comprising 10 bed- wish to see a United China; freed from rooms, in July last.

BERVICE.

all internal strife, soldiery properly con GARAGE DEPARTMENT AND MOTOR comen trolled, when Chinese merchants can carry on their trade unmolested in the interior. If we live to see that day, I

The Garage Department has more than venture to prophesy that we shall experi- just fed all that your Board expected of ence an unexampled prosperity through, and earned a net profit of 845,205.32 out this vast country. Let us not look against heary depreciation. Ae you have in vain for that silver Jining.

The usual solutions were carried.

NEW ENGINEERING WORKS, SHANGHAI.

The annual general meeting of the New Engineering and Shipbuilding Works, Ltd., was held at Shanghai Inst week, under the chairmanship of Mr. C. A Arnhold.

no doubt observed, wo have started motor coach, service to and from Repulse Bay and also to and from Magazine Gap. and we have no doubt but that it will prove of the ftmost benefit not only to Your Company but also to the General Public.

NEW MACHINERY FOR THE STEAM LAUNDRY,

sequired the undertaking of the Steam As you know, the Company recently

HOCKEY.

FORTHCOMING INTERPORT

MATCHES.

485 W. GHUMPHREYS & Cɔ

FOR SALE...

OTOR LAUNCH “MINNEL" Äited

Electric light throughout and fap, Length 30o 6," Beam &t," Draft 2' 6" Engine 12-40 H.P. Red wing (Berosean), Speed & miles, good. sa boat, in first class conditien, mitäble for baibing partier. Frice $8,000, or highest reasonable offer:

Apply

There are, for Shanghai, posibilités of two interport matches before the end of the season ays the Sports writer of the Y.-C. Daily Were-one against Hong- kong on the home ground and another with Tientsin and Peking at Tientsin. PROF, Tientsin has wired a cordial invitation. and a team is picked to represent Shang- hai. The idea at present in mind is that the team to represent Shanghai at Tient- sin will play Hongkong.

ita 1893.

The ChurMar in his address said: Laundry Company on favourable terms, Asked his age in Court recently, Lord You will have seen that the amount and I am pleased to be able to say that Inchcape replied, "I am ashamed to say standing to the credit of profit and loss Your Beard are more than satisfied with it is G." One may regret one's age, if account, including the carry forward from with the purchase, and look forward with one is conscious of infirmity or sighs for Inst year, amounts to Tls. 621,163 24 confidence to the future prosperity of the lost graces of youth, but why which is recommended for appropriation that Department. In this connection I * ashamed ". There is no moral obli as follows:-

may add that it is their intention to quity in being born in 1853 rather than Tls.

instal new and up-to-date machinery, with

Observator recommends a view to thoroughly equipping the De Lord Inchcape to read Cicero were it not partment with means of enabling it to that the arguments of the ancients are meet the increage of business coming to so singularly unconvincing to the modera it..

mind. Or, if we look at it from the Chinese point of view, when asked what kis honorable age was he would have replied something to the effect that his mean and despicable age was only 60,

To pay a dividend of 20 per

cest. on the ordinary. shares

To pay the preterence share dividend from March 24th to December 21st

To place to materials-equali-

zation Fun!

.

210.000.00

· PENINSULAR AGTEL, KOWLOON.

I now beg to formally propose that the the financial year ending 31st December, report and accounts of the Company for 1921, as presented, be adopted.

03,041.00 With regard to the projected Peninsula Hotel at Kowloon, I may inform you that 250,000.00 the site has been purebased, and that To carry forwa d. balance 69,489.15 plans are now being prepared for the erectica of the Hotel, which, when com- Tls. 021,403.24 pleted, we have every reason to believe.

will

not only be a decidedly beneficial This result, although failing short of asset to the Colony, but also an extremely the years 1919 and 1980 is, in the opinion efficient auxiliary to our other under: of your directors highly satisfactory in takings and a potent factor in increasing view of the general trade depression ex- our general turnover-which in this, as perienced throughout the whole world in other businesses, is the real key of the report and accounts. during the year 1921, which depression has efficient service at a reasonable rate to ben felt by engineering and shipbuilding the public. concerns, in commons with most other trades.

After discussing the main features of

MU, TAGGART'S POSITION.

Sir ROBERT Ho Taxe said: I have much pleasure in seconding the adoption

The resolution was carried.

ELECTIONS

...

M. E. M. RAYMOND proposed the con- All your Company's undertakings are the accounts, the CHAIRMAN said:-The in an exceedingly satisfactory condition, rmation of the Hon. Si Paul Chater year has seen decrease in the volume of tad I think we may look forward with and Mr. C. Montagu Ede as members of work as compared with 1918 and 1920 every confidence to their continued prMr. E. W. ALLSON seconded, and the

the Board. which perhaps in view of the general sperity. As you know, we appointed Mr. motion was carried. trade depression was to be expected, Taggart to the position of Managing- otherwise the works have been kept busy Director, and have thus bestowed upon the re-election to the Board of Directors Mr. MOWBRAY S. NORTHCOTE proposed with construction work and during the him a well merited reward for his many your we have completed and delivered years of hard work in the custody of of Mr. A. R. Lowe" two ocean-going cargo steamers, three your Company's interests. To him and lighters, three pontoons, one tender for the various members of our staff our resolution was approved. Custom Service, two steam, launches and hearty thanks are due for the very eats and J. H. Seth were re-elected on the The auditors, Messrs. II. Percy Smith four motor launches. We also assembled autocial year. During the recent strike, proposition of Mr A. W. Saira, seconded

results obtained "during the past a shallow draft vessel for the Upper Yangleze buik in England and sent out the high opinion which we had found by Mr, Fuzo TAT HANG.

Mr. T. R. PARSONS .setonded, and the

is sections, and another vessel of similar of Mr. Taggart's capabilities and those THANKS TO THE DIRECTORS AND STAFF, type but built and engined entirely at of his staff was more than justified, för. Sir ROBERT Ho Tuso said: Before we these works, has been launched and will they, one and all, although in a position depart, allow me to propose a hearty be delivered in a few days.

of extreme difficulty, loyally co-operated vote of thanks of the Directors, the The works are at present busy with the is successfully coping with a situation Managing-Director and staff for the ex- construction of a river steamer, of 3,000 quite unprecedented The services of the cellent report which they have laid be tons for the Hankow trader a new pilot Hotel continued in a manner most favour forn us for the year under review. Tessel of enlarged and improved type for ably commented upon by the publie the Shanghai Pilote Association, three generally. Lighters and other smaller craft.

(Continued at foot of nest column.)

Mr. E. M. RATMOND, conded, and the motion was carried with neolamation, i

This concluded the proceedings."

"

Box 599

ao Day Press Office.

CITY HALL.

DANENBERG'S PUP ILS-

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