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COMPANY MEETINGS. HONGKONG, CANTON AND MACAO STEAMBOAT CO, LTD.

$.S. HONAM TO BE REPLACED,.

The Enual general meeting of the Jongkong. Canton and Macao Steamboat (x, Ltd. was held at the Company's sificers in Des Voeux, Road, yesterday purging.

The Hen. Mr. E. V. D. Parr, Chairman, "esidest. Those also present were.

Hon. Mr. P. H. Holyoak, Sir Robert He Tung, and Messi, W. E. Clarke, 1 M. Bernard. T. G. Weall, A. O Lang, Chan Sui Ki. (Directors); Mr. Juan Arnold (Secretary), "*"

Messrs. N. V. A. Croucher. F. Smyth, J. J. Lussins. A. S. Ellis, Chau Tau Nin, Fung Ping Skaa. Ip Wing Cho, "Sing Tong, Chau Kit Nin, Lí Kooc Cheung, P. K. Kwok," 4. M. de T Pares (shareholders),

take them as rrad.

|

THE

HONGKONG DAILY PRESS, WEDNESDAY, FEBRUARY 14TH, 1938.

Company or causing unneccesary incon venience to

Your Board passengers. agree with the concluding paragraph of the Commission's report, which they con- sider is the crux of the situation :-

COMPANY REPORTS.

HONGKONG & KOWLOON WHARF AND GODOWN CO., LTD.

The report of the Directors for the year. Whatever measures are adopted in ended 31st December, 1999, states:- the Colony to prevent piracy, their The praat on working was #1,318,603.91 success will be only partial until public as compared with $608,180,07 in 1921. order is firmly established in the The balance for the year, after deduct- neighbouring Chinese Territories. The) rout of the evil is cutside the waters of

the Colony."

I desire to express on behalf of the Directorse their appreciation of the very satisfactory work done by the Company's Staff aflost and on shore under more than normally trying conditions, and of the excellent services rendered by our Agents at Canton and Macao during the past exceptionally difficult year. Sübject

side a bonus for the Office Staff; and to your approval, the Directors have set

Wharfogers of $1,272,50,

"MUI TSAI ILL-TREATED.

BUT GENERALLY WELL LOOKED AFTER."

}

The twenty-two year old daughter of a lodging house keeper appeared at the Magistracy yesterday afternoon on

The charge of ill-treating a mui tani. girl was alleged to have generally kupek. in directors and auditors' fees, contried the mini tai about, and on the 28th buting to the Swatow Typhoon Relief ing for repairs and a bonus to superin. Dr. Valentine, who found bruises on her Fund, allowing for depreciation, and pay-instant the complainant was taken to see

talident engineer on retirement 19 The amount brought for- 9031,689.80. ward from last year is $201,500.56, making a total of $1,229,103.86 available

To pay a bonus of $3 per

share

To transfer to equalisation of

dividend fund ...........

legs, and weals on ber penis.

Defeat sension of the affair was

that the girl had been "fooling around" for appropriation,

with the lodgers, and ay she was in charge The directors recommend the following: of the household (her mother being dead),| To pay a dividend of $8 per:

share

sho called the mui tsai into her room and 480,000.00

remonstrated with her. The complain. - 210,000.00

ant irst became insolent, and then start- ed to push witness and knock her down. 100,000.00

Witnesa seized a Chinese foot rule' in 100,000,00❘ her own defence, and struck the mai 303,493.06

tai about the lega; she also pinched the $1,223,103.66 | girl. The, complainant retaliated by

snatching the ruler and hissing defen Directors. During the year Menst

dant about the body, had, and eyes, A S. Gubbay, O. 1. Ellis, G. M. Dodwell and S. S. Perry resigned and their places The Magistrate (Mr. R. E. Lindsel]}: were taken by Messra, H. W. Saswony Do you persist in saying that all the E. S. Abraham, T. G. Weall and A. H-braises were simply inflicted by a fool

To, transfer "to special repairs

fund To enrry forward

Compton,

HONGKONG AND SHANGHAI BANK.

15

ING CORPORATION.

The one hundred and soventh report of

Wigness, replied that a Chinese foot ruis was very heavy. Anawering further ques tious she said she had not brought the rule into Court. She suggested that the braises were the result of the pinches.

The girl then went up to the Magis trate and he examined the arm where she said the mui tsai bad struck her with the rule. „, I emi no sign of any mark at all." he said.

I do not think there is anything more that calls for comment, and I now be THE CHARMAN said: **Gentlemen,

to propose the adoption of the report and Thanual report and statement of

accounts. After the motion has bren

anunta, together with the auditors' re-

seconded, I will be pleased to answer any jurt, have been in your hands for some questions shareholders may wish to put, days and, with your permission, I will Mr. F. Suvra, seconding, said: It gives me great pleasure to second the Bearing in mind the fact that from adoption of the report and accounts is the 13th January, until the 8th March, presented. After the full and interest-

Hop. Mr. E. V. D. Parr and Mr. Ale in 'n sort of free fight! the period of the same's strike, the ing speech of the Chairman there is littles. D. Consland retire according to the Defendunt: Yes. Company's vessels were all laid up, and that is necessary or useful for me to add, Articles of Association and being eligible The Magistrate: But a little foot rule subsequently business with Macao was The shareholders are to be congratulated offer themselves for re-election,

could not possibly have caused such] paralysed for three months, First that on the figures. Considering the copy Auditors-Messrs. H. Percy Smith

bruises on anybody, you will agree that the result of the tinuous labour troubles, the polițien), un-F.C.A., and C. Bernard Brown, A.C.A. yar's working is under the circum rest and the chaotic "conditions in the have audited the accounts now presented,

and offer themselves for re-election, phancës, satisfactory.

neighbouring Provinces during the past. Your Dieters have utilised $33.192.09 year, the results obtained are more than to write down the book value of steam-satisfactory and reflect great credit, oh To all -ers, lighter," wharees," properties, and the Directory and management.

office furniture, and have transferred who have laboured so well in producing: $23,000 to Equalization of Dividend Fund, such excellent result the shareholders the Court of Directors reads as follows: 325,000 to Special Repaira Fund, and are greatly indebted. I think I speak $11,126,87 (representing £1,500 ng ex with the full and cordial approval of the change of 25. 213-153.). 16" Floating Staff shareholders, when I state we endorse Pension Fund. After allowing for the the policy of our Roard in paying such "interim dividend of 21 per share paid in a handsome dividend and bonus without August last, there is available for dis taxing the Company's resources and at tribution the sum of 8207,190.63, which the same time making ample provision includes $47,33.50 brought forward from, for depreciation and transferring the the previous year. Your Directors re necessary as to reserve funds. commend that this should be deals" with'

There were

no questions, and the motion was curried' unanimously. ‚ ‚”'

On the proposition of Mr. CHAU TSUN Nis, seconded by Mr. CHA Siso Toxo,

They also recommend writing off Bank 100,000.00, Messrs. A. O. Lang, T. G. Weall, and premises ecount the sum of 81,000,000.

Chau sin Ki were confirmed as Diree the interim dividend of £3 per share, After making these transfers, dedusting 3,732:50

paid on 9th August last, eiz.:-£480,000 19.767.13 Sir Robert Ho Tung and Mr. W. Ent 2/71-83,688,400, and remuneration

Clarke, the retiring, Directors, were 2203,498.63

elected on the proposition of Mr. N.

us follows

Payment of a Final Divident.

of 81 per share Payment of a Bonus of $1.25

per share Payment of a Bonus to Office Stuff and Wharfingers... Carry forward to a new profit

and loss account

$80,000.00)

tors.

v.

I trust this will meet with the share" CROUCHER, seconded by Mr. J. holders' approval.

Loss109.

Mr. A. . ELLIS, proposed and Mr. Li As customary, the market values of shares held in local cúmpanies and steri- Koox CHUN seconded that Mr. A. R. "ing investmente have wen adjusted to Lowe, FCA, and M. C. Bernard quotations ruling on 31st December, 1922. Brown, F.C.A., be "re-elected auditors for You will note that during the past year, 1921, at the remuneration of $600 each. the Investment Fluctuation Account has The motion was carried unanimously. shown an increase of $201,637.37, due to

the rise in values of spetrities held by the KOWLOON LAND AND BUILDING

Company and phraft realized on sale of shares. From this account your Direc- tore have transferred $55,417.98, repre

COMPANY, LTD

COMPANY TO BE WOUND UP.

The directors have now to submit to you a general statement of the affairs of the Bank, and balance sheet for the

year ending 31st December, 1992.

At this point Mr. R. E. A. Webster The net profits for the year, including! 83.331,778.50, balance brought forward who was appearing for the defence, sug- from last account, after paying all charges, deducting interest paid and due, Fested that the case be adjourned for a and making provision for bad and doubt while so that the rule could be brought ful accounts and contingencies, nount to Court, Mr. Lindell agreed, and after to $18,264,182.58,"

some minutes. the rule was brought in and examined.

The directors recommend the transfer of $1,000,000 from the profit and loss ac count to credit of the silver reserve, which will then stand at 894,500,000.

to directors, there remains for appropria tion 810,527,782.58, out of which the direc tors recommend the payment of a finali dividend of three pounds sterling por share, ris, 480,000, and a bonus of twa ponuds sterling per share, ri, £320,000, anting in all to £800,000 which, at the rate of the day, will absorb The balance $3,350,212,40 to be carried

87,177,570.08.

to new profit and loss account,

11

Summing the case, up Wr... Lindsell re- marked that the mui tani was obviously weil treated on the 'whole, "and she up-| peared to be well nourished and clothed. This being the case he would take a jeuient view, and fine defendant $50.

HONGKONG BOXING

ASSOCIATION.

LIGHTWEIGHT AND MIDDLE WEIGHT CHAMPIONSHIP

17

We

CONTESTS.

are. informed by the Hon. Secretary

The sterling equivalents of the assets of the Boxing Association (Mr. George and liabilities are shown at 2/21, the ruto N. Tenson) that articles were signed on Fuling on the last day of the year

Branches and Agencies-Branch offices

election.

"

NEW ENGINEERING WORK,

the 10th inst. for a fteen round

of the Bank have been opened at Chefoo Lightweight Championship Contest, and and Haiphong..

the Gedge Belt, between Stoker P. O. Directors. Mr. "A. O. Lang has been Morgan (Welterweight Champion of the elected Chairman for the year 1923, and; senting profit or sale of shares, to pioft The thirty-fourth annual meeting of Mr. D. G. M. Bernard deputy Chairman, Colony and winner outright of the

the Kowloon Land and Building Co., Ltd., and loss account, and $130,000 to depre- took place at the Company's offices, Mr. J. A. Plummer and Mr. A. 5. Gub Scott-Harston Welterweight Belt) and ciation fund From this fund $180,000 Victoria Buildings, yesterday morning,

bay resigned their seats on leaving the A. B. "Chadwick, H.M.S. Juration. has been taken to write down the value Mr. T. E. Peares, Chairman, presided, Colony and Mr. A. M. Bowes-Smith was of the Coiny's feet. This adjustment and there were also present: the Rev invited to join the board These appoint Both men have an unbeaten record in the Father Rubert, and Messrs. J. Rodger menta require confirmation at this mest Colony, the latter having knocked out, puts the value of the ships on a proper and G. W. Barton (directors) Messrs. ing. Mr. W. L. Pattenden, Mr. G. M. Lending Seaman Taylor in December Imais, calculated on their estimated lit.H. Percy inith, W. J. Wilkinson and Dodwell and Mr. D. G. M. Bernard

In order to maintain our position in W. R. Wilkinson (shareholders), and Mr. retire in rotation, but being cligible for 1921 and Teddy Neale on the 1st April, 1922 in the first round of what would the river trade, your Directors devided Rodgers (cretary).

have been a fifteen round Featherweight Championship contest had not Neale scaled overweight. He also bas beaten 0. 5. Later and A. B. Hindle on points. Chadwick was prevented from fighting Telegraphiat Davies for the Lightweight Championship of the Colony at the last Tournament, owing to Davies heing un-

Articles have also been signed by Pte. Ainaworth R.M.L.I., to fight A. B. Dun can (the holder) for the Middleweight Tls. Championship of the, Colony and the the Hongkong Daily Press Bolt, Aina ..120,000.00 worthwho has only recently ar- 126,000.00 rived in the Colony, very sportingly fought Of P. O." Gallaghan for the Heavy- 6,798.75 Weight Championship in the Tournament 82,417.39

held on December 23rd last, when Duncan was prevented at the last moment from fighting owing to a damaged band. Ainsworth has since been in strict train- ing and comes from England with a excellent record. The above fights are to take place at the next Tournament to be held on Raco Saturday, March 3rd, at the Theatre Royal, and they will be sup ported by four six-round contests, in Mr. H. PERCY SMITH proposed, and which several new men who have recently Mr. W. R. WILKINSON seconded, that the

re-election, offer themselves accordingly.

Auditors-The nocounts bave been to build a new steamer to replace the .. The CuaisaN said: Gentlemen,-As- How which has been on service, con the report and statement of accounts audited by Mr. A. R. Lowe and. Mr. E. have been in your bands for some days. Chapman, who offer themselves for re- tinuously since 1889. Tenders were reciv | I propose to take them as read. ed from five shipbuilding firms in Eng The net pruft for the year amounts to Jand, Shanghai and Hongkong, and the $10,448 40 as compared with $17,229.07 contract, was awarded to the Hongkong for 1921, due mainly, to a lighter_expen-

At a meeting of the board of directora diture on repairs to property. We are, and Whampoa Dock Co., Ltd. The

this able to increase our dividend by ten of the New Engineering and Shipbuild builders hope to have the vessel erente a share or 3 and carry forward ing Works, Ltd., held at Shanghai fast pleted by September of the current year. 31,813.00 as against only $104.63 last week, it was unpounced that the profitable to train down to the weight.

Your Directors, acting on the advice

for the year, including the carry forward of the Company's legal advisers, deem- ed it desirable that the Company's You are all no doubt aware that to from 1921 amounted to Tls. 335,216.14 and it was decided that the shareholders be Articles of Association should be revised wards the end of the year we received

recommended to apportion this amount and brought up to date and altered in an offer to purchase our property at a curtain respects so as to be more in line price which it seemed to your Directors as follows:- with the Articles of other Public Com-desirable to accept and we have conse panies in this Colony. The necessary quently said the whole of our land and meetings of shareholders were held for buildings. The sale. falls due for com- this purpose in December last.

pletion at the end of next' May. Bar I feel it my duty to give expression to gain money to the amount of $54.000 has the deep regret of the Board at the already been received, and credited to piracy perpetrated on board the steamer coat of property which accounts for the serve Sui An, and their deep sympathy with reduction under that heading on the To carry forward balance the sufferers and their relatives. The balance sheet.

year.

וי

To pay the preference share

"dividend at 8 per cent..... To pay a dividend of 19 per.

cont, on the ordinary shares To place to depreciation and re-

There were no questions.

T. 385,216.14

On the proposition of Mr. RODGER, seconded by Mr. W. J. WILKINSON, the appointment of Mr. G. W. Barton as a

piracy took place on Sunday, 10th Upon completion we receive a further November, while the steamer was on a cash payment of 30 per cent., approxi voyage from Macno to Hongkong, and re-mately $102,000, while 60 per cent, re Kulted in the death of two Indian, armed mains on mortgage for three years at

Mr. G. W. BARTON Recorded, and the guards and the wounding of the Captain, o per cent. per annum which secures to two watchmen and three passengers. The us an income sacient to maintain a report and accounts were adopted with circumstances altending the piracy have dividend of $3 per share or 10 per cent. out opposition?" been very fully,vestigated by a Com upon the paid up Capital during its cur mission appointed by II.E. the Governor, rency, and it is the intention of your and this report, has now been published. Directors upon the maturity of the mort It is very gratifying to hear that the gage and subject to the passing of the Commission are satisfied that the ship's necessary extraordinary resolutions to director was confirmed.. Officers conducted themselves in a per: wind up the Company. fectly satisfactory manner during the now beg to propose that the report retiring directors, Messrs. T. E. Pearce arrived to the Colony, and have come piracy, and that The behaviour of the and accounts, as presented, be adopted and the Rev. Father Robert, be reselected with good records, will be sent.. ship's guards appear to have been excel and passed and when this has been duly

to the Board. lent." Certain recommendations are put seconded I shall be pleased to answer to forward for the amendment of the Piracy the best of my ability any questions Regulations, and it is to be hoped that alterations that are made will be efficient thareholders may desire to put

"(Continued at font of next column.) without constituting a burden on the

The motion was carried unanimously. On the proposition of the Rev. Father ROBERT, seconded by the CHAIRMAN, Mr. H- Percy Smith was re-elected auditor.

It is hoped if the movements of the Flept permit "to hold an open Novices Tournament at the Theatre, Boyad on April 5th, 6th, and 7th.

STOP THIEF

The

“ALARM

Burglar-Froot Cash Box, Jewel Casket, Deed Box or Safe

The ALARM" CASHBOX is made of solid steel and is fitted with an electrial devios waich renders theft. impossible. Dace the " ALARM" is set it is impossible for anyone to move it without starting the alarum. This alarum is a loud sounding rattle, which will proceed for nine hours, unless stopped by some one who has the key of the box and knows the secret of the device,

....

."

4

There are many other uses for the “ALARM.!" It may be placed on top of confidential papers which you have to leave on the desk for a short while in your absence. It will guard them efficiently." It will be impossible to remove a paper from underneath the "ALARM" without starting the alarum off- Papers and valuables guarded by the "ALARM "are 83 safe as if under your

own eye.

Place the "ALARM " BOX-behind your Bedroom Door at night." The presence of any Intruder will be promptly notified.

INSPECTION INVITED.

HARDWARE "DEPARTMENT.

LANE, CRAWFORD, LTD.

LANE, CRAWFORD, LIMITED.

EST. 1850.

SHIPCHANDLERY DEPT.

COMPLETE SHIPS" OUTFITS.

DECK AND ENGINE ROOM STORES.

OILS. PAINTS AND VARNISH IMPORTERS.

ENGINEERS” TOOLS, INDICATORS, COUNTERS, Ero PACKING AND ASBESTOS GOODS.'

AGENTS FOR DOBBIE MOINNES' NAUTICAL SPECIALĪTIES.

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COLUMBIA RECORDS

JUST RECEIVED

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