1923-04-23 — Page 3

Page

BANKS

*P.&O.BANKING CORPORATION

LIMITED..

(INCORPORATED IN ENGLAND 1920' with which is affiliated '

THE ALLAHABAD BANK, LTD.,

INDIA.

AUTHORIEN CAFTITAL SUBSCRIBED AND PAID UP RESERVE FUND

HEAD OFFICE 123, Leadenball Street, London, E.Ç. 3.

AUCTIONS

· PUBLIC AUCTION.

THE HONGKONG DAILY - PRESS,

THE Undersigned have received instructions THE ACUTION.

| THE PROPERTY CONSISTS OF -

COMPANY, MEETING. ·

THE HONGKONG ELECTRIC COMPANY.

MONDAY, APRIL 23RD, 1928.

THE COMPANY'S SOUND POLICY. Mr. D. V. Stevenson. in seconding the adoption of the report and accounts said: Mr. Chairman and Gentlemen,-1 have much pleasure in sending the adoption of the report and accounts na presented,

The thirty-fourth ordinary general meet SATURDAY, the 98th day of APRIL, 1929 ing of Shareholders of the Hongkong and in doing so I should like to congratn. ! at 11 o'clock, as at the Sales Room, Electric Company was held on Saturday late our Manager and his staff, and also ICE HOUSE STREET, VICTORIA, HONGKONG, morning at the Ofan of the Company, the Company's agents, for the vary ex- the Very Valuable Leasehdid Property sitaste. at Victoria starusaid and registered in the Land Mr. A. O. Lang presiding. There were cellent result of the year's working as Oce as INLAND LOT NO. Be?, together as present:-the Hese Sir Paul Chater. disclosed by the balance sheet; notwith- £5,000,000 with the baiklings therean, consisting of Seron C.M.G., Sir Robart Ho Tang, Mestanding the strike and labour difficulties £2,594,160 Desirable Dwelling House now known as Nos

200,000 43, 45, 47, 49, 51, 53 anal 85, WYNDHAM P. G. M. Bernard; and Mr. T. G. Weal! that the Company has had to face during

the year under review. STREET, Victoria, atensaid, in Doe Lot.

(Director)," Mr. F. R. Marsh (General Manager) and the following Shareholders: Messrs. D. V. Steavenson, T. E. Fearer, J. Davies, Leung Yan-po, Leung Fattin Ip Fook, L. E. Ozorio, O. Baptisto, Ip Hin, A. H. M. da Silva, G. Murray, V. Sorby, Lo Yuk-tong, Chim Lim-foo, T. N. Chau, Fung Kong-un, Wong Hing-kwong, The CHAIRMAN said:-Before coumene of September George V. of the che part, and reared with deep regret the death of Mr. Majesty

esty King the owners of the other part, subject to the Lau Chu Fak, a merboy of the directorats payment of the annual Crown Rant of $122, payable by half-yearly payments on the Bath of this Compare for two years, whow day of December and the 5th day of Jane,advice and assistance was greatly appres in each and every year, during the said torm and to the observance and performance of the clated by his colleagues on the Board, / Lessee's convenants and conditions therein reserved and contained.

WEST LONDON BRANCH: 14-16, Cockapur Street, London, S.W. 1. -

EASTERN BRANCHES: Bombay, Calcutta, Karachi, Madras, Colombo,

All that Piece or Parcel of Grand situate at Victoris in the Colony of Hongkong, and registered in the Land Ofica an Inland Lot. No. 083, together with the messages or tenements and other erections and buildings thereon, and at the date hereof known as Not 47, 40, 47, 57 and 55, Walham Stres Victoria

held for the term of you years. from the 26th day of Jane, 1813, created

made between

dav

The placing of three lakhs to Reservo Account, 1 leet aure, will comment itself to all shareholders, as it is in continuity of a policy which this Company has pursued steadily for years, and which is both cautious and prudent and tends to give caufidence to those

who are looking for a sound investment for their money. increase of 2.000 new consumers contected I am glad to learn that there was an to the Company's mains during last year,

Island I think wo can reasonably expect crease in building that to going on the a still further increase in customers in this

Singapore, Hongkong and Shanghai 1 therein by Crown Lease dated the ota varting the business of this meeting I wish to and in view of the very considerable in

The Corporation undertakes Geveral Banking and Exchange Business of every description and antee Branches bay Agencies in all the principal Cities of the workl

C. CHAMPKIN, Manager.

21, Des Year Road Central Hongkong.

THE

AMERICAN EXPRESS .CO.

INCORPORATED.

HEAD OFFICE:

NEW YORK CITY.

INTERNATIONAL

BANKING-SHIPPING-TRAVEL

For further particulars apply to

Mr. LEO. D'ALMADA É CASTRO,

Solicitor for the Owoor

(731

or to

Messrs. HUGHES & HOUGH, »

Auctioneers.

PARTICULARS

The report and accounts have been your hands for the prescribed period, and I propose with your permission to take then as read,

The wett profit for the pear, after. making duo allowance for depreciation, is $728,841.41, and with the sum of $181,091.10 brought forward from last account, wo baro - 2849,862-81 for appropriation, and

Eighty Ohces are established in the Princips) VALUABLE: LEASEHOLD, PROPERTY this your Directors recommend should be

Cities of the World to provide Commercial Organisations and Private Individuals with a completo World Wide Banking, Shipping and "Travel Service.

-COMMERCIAL LETTERS OF CREDIT. DEPOSIT AND CURRENT ACCOUNTS,

FOREIGN EXCHANGE. LETTERS OF CREDIT. TRAVELERS CHEQUES. LETTEES OF CREDIT. STEAMSHIP PASSAGES. HOTEL RESERVATIONS

BAGGAGE INSURANCE. CARLE AND POSTAL REMITTANCES. PURCHASE OF BULLS OF EXCHANGE.

Every approved Banking, Shipping and

"Travel Transaction.

· BUSSO-ASLATIO BANK

-Capital (FULLY-PAID)

RESERVE FUND

CAPITAL CONTRIBUTED BY THES

CHINESE GOVERNMENT

RESERVE FUSD

HEAD OFFICE:

Paris Rue Boudreau.

9.

DON OFFICE:

Situato

No. 13, WING HING STREET, VICTORIA, HONGKONG,

"To be Sold by Order of the Mortgages

Br

PUBLIC AUCTION," IN ONE LOT On MONDAY, The 14TH DAY of May, 1923, at 3 o'clock P.X. By Mosca, LAMMERT BROTHERS

AT THE OFFICE, DODONAL STREET..

THE Property consists of First ALL THAT pieco or parcel of ground situate at Victoria in the Colony of Hongkong and registered in the Land Office an A of INLAND LOT No. 9166 together with the messuages erections or buildings thereon now known as strip of land at the rear Wing Hing Street and Secondly ALL of the said Section A of Inland Lot No. 2165 being a scavenging lane. All of which pre- mises are held for the residue of the term of 75 years from the 15th day of May, 1916, created by the Crown Lease thereof together Roubles. with the valuable machinery now situate in $5,000,000 or

Street. Particulars and Conditions o; sale may be obtained from

26,350,000 Goon the said premises ai at No. 1

64, Old Broad Street, E.C, 2.1

BANKERS

Kup. Th 3,500,00 1,750,000

LONDON: Mera. Glyn, Mills, Carrie & Co.

Societe Generale pour Favoriser le Developpement du Commerce nt de l'Indus- trie en Franco. PARIS: Societe Genente pour Favoriser lo Developpement Commerce et de l'Indu.

trie en Franco.

Banque de Paris pt den Pays-Bas," Lyons: Societe Generale pour Favoriser le

Developpement du Commerce et de l'Indus

Yon: The Irving Bank-Colambis

HessT, HASTINGS & RASTINGS

Solicitors, & Des Your Road Central

and

4

1 cars LAMMERT BROTHERS 1387] 2. Auctioneers,

TO LET

TROM about APRIL 1st, Two OFFICES Fod One Small ROOM.

Moderate Apply Box No 611,

clo Daily Pram Office.

Bental

607]

TO LET

-

disposed of as follows:-

To pay a dividend of $1.50

per share on 210,000 shares. $200,000.00 To pay, a dividerul of $1.00

per share on 39,083 shares. 50,887.00 To place to Reserve To carry, forward to next

count

near future.

The purchase of further machinery for our North Paint Plant to increase its capacity to 18,000 kilowatts, and the arrangement come to with the Chins Sugar Refining Company for the purchase. of surplus energy, should place the Com- pany in a position to meet all demands for urrent that are likely to be made on it.

That the change over of the Company's voltage system from 100 volte to 900. volts involves considerable difficulties one can readily understand, and T. ала бито that both the Company and their custom- ers will be thankful when this, has been empleted.

The proposal to utilize the profit in the sale of the Wanchai property and plant to provide housing accommodation for the Company's staff at North Point is a sound cue, and it should prove a great economic advantage to the Company.

As to the alteration in the Company's francial

year this is a matter of book. 300,000.00 keeping. to which I en see no objection. With these few remarks. I beg. Sir, to .............. 130,170,81 · 60cond the adoption of the report "and

accounts as presented. (Applause.)

The motion was adopted,

2,000 NEW CONSUMERS.

The balance of one authorized capital was issued in July last. The dividend on the old shares is the same as last year, and, that on the new shares is at the au rate per annum. The number of units sold during the year was 18 millions, an increase of nearly 21 millione on the pre vious year's output. Over 2,000 new con- sumers were connected to our mains during the year, and although the percentage in crease in sales of current in less than last year, your Directors engider the rate of expansion of our businers to bo satisfactory.

Cur gederating plant at North Point has now a capacity of 15,000 kilowatts, and we have on order further machinery to Tho increase this to 18,000 kilowatts. old Wanchi Station has been shut down' after nearly 32" years working, and the while of our output is now generated at the North Point Station, Steady progress has been made with the change over from the old 100 vols to the new 200 volt system: $160.000 have been expanded on this work during the year, and 4,000 installations have been converted. It has not always been possible to make the change without. inconvenience, to our constituents; and, I take this opportunity of thanking them for

SAN FRANCISCO: The Crocker National Bank ICES UNION BUILDING-Four their forbearance and assistance in carry-

trie

en France.

NEW

Trust Company.

of San Francisco.

BRANCHES IN ASIA: -..

Changchun Hankow Manchonll Tientsin

Chefo

Dairen

Hailar

Harbiz Newchwang Urumtchi

Kashaking

Shanghai

HONGKONG BRANCH:

Yokohama.

Interest allowed on Carrent Accounts and Fixed Deposita Terms on application. Local Bille discounted.

Foreign Exchange on the Principal Cities of the World bought and sold.

537]

R. A. RODGERS,

Manager.

Booms on Fifth Floor, Apply UNION INSURANCE SOCIETY

OF CANTON," LTD.

TO LET.."

[189

ing ont a work which abounds with! difficulties.

The Company's Daddel) Street Cable) Store was destroyed by fire in July, and although the loss wine covered by insurance, we suffered considerable inconvenience for

ONE EUROPEAN FLAT in "LEX BUILD- time in our cable-leging operations

ING" Wanchai Gap Real Apply to No

[669 31, Kennedy Road

TO LET.

EVEN-ROOMED DETACHED HOUSE

We have completed a new workshop at North Point, and at the end of February the Duddell Street, Queen's Road. and Wanchai workshops and stores were closed

THE KEY TO GROW RICH. Sith Teas Lawn and Garage for two with the Hongkong Tramway Company,

THE CHINA INDUSTRIES DEVELOPMENT *- - BANKING

CORPORATION, LIMITED,

DUDDELL STREET, gives to all its Depositors

s Handsome Fate of Interest

Carn

[652

On the motion of Mr. T E. PEARCE,

seconded by Mr. G. MURRAY, the appoint ments an Directors of Sir Robert Ho Tung and Mr. T. G, Weall, were con firmed, and Messrs Law and

D. G. M. Bernard were selected Direct- ers on the motion of Mr. V. Sonar, seconded by Mr. T. N. CHAN.

Mr. C. Bernard Brown, A.Q.A., was re-elected auditor on the motion of Mr. 1. J. DAVIES, seconded by Mr. Leung YẠN- Fo.

I was all the business before the

meeting.

HONGKONG SHARE MARKET.

CLOSING QUOTATIONS..

AFRIT 21st, 1923. Hongkong and Shanghai

$1,137) A Banks Dougins Steamships

70 b Steambonta

43 59.

"Star" Ferries..... China Sugara

Langkats (Combined) Kowloon Wharves

Whampoa Docks Hongkong Lands... Ewo Cotton Mills Shanghai Cottons Cements. Hongkong Ropes......... China Providents Dairy Farma.... Hongkong Electrics Hongkong Trams"..... *Brell" Transporte

r2 b.

25 b. ..Tls. 32 10 ..8 173 b.

THE SEASONS SMARTEST-

SILK JUMPERS

DESIGNS TO SUIT ALL TASTES.

PRICES PROM $12.50 to $21.00 EACH.

JUST OPENED UP

FINE SILK HOSE

ROM 32.00 r 3225 Pha Pa

THE SINCERE CO., LTD.

Just Received :-

"

MANILA HATS for LADIES,

Popular Designs and Various Colours

at

ATTRACTIVE PRICES

Early Inspection Solicited.

SWATOW DRAWN WORK CO...

16, Des Voeux Road Central, Hongkong

PO. Box 445.

Telephone No. 2860.

YE OLDE PRINTERIE

'-LIMITED.

(SUCCESS02B TO PRINTING-DEFT, HONGKONG PRINTING PRESS) 10, WYNDHAM STREET.

COMMERCIAL PRINTERS

AND BOOKBINDERS.

PRINTING AND ACCOUNT BOOK - MAKING OF EVERY DESCRIPTION DONE WITH ACCURACY AND PROMPTNESS.

ALL WORK DONE UNDER THE PERSONAL BUPERVISION OF THE MANAGER 'Phono 3797.

173 b.

420 #5

„Tie. 16 b

108 b.

30,40 8.

451 b.

20 b.

25 b.

SOUTH

33) m.

21*&b. 89/..

.-buyers; -collors: sa-pales.

HONGKONG & SHANGHAI BANKING CORPORATION,

NOTICE IS HEREBY GIVEN that

Definitive Certificate No. 5/1, 6656 down, and removed to the npw building.

dated 21st December, 1920, for 35 Phares We have entered into an arrangement numbered 24012 to $4913, 37985 to $7890,

34506 to 31511, 35343 16 1585 Pro under which this Company supplice the Certificate No. 57/768 dated 30th May, 1921, for 11 Sharea, numbered 130242 to 130283 and Apply to- PERCY SMITH, SETH & FLEMING.nergy for operating their tramway sys. Provisional Certificate No. 57/1045 for 1 Share tem. The necessary converting machinery numbered 131492 all registered in the name of

Mr. Six YEE for this work was installed during the been destroyed.

SICKODA are reported to have

by

and should these rear and put into operation in June. A certificates not be produced to the Bank before agreement has also been made with the the 13th day of May, 1924, New Certificatos China Sugar Refining Company for the for the Shares wil be issued and the aforesaid Definitive Certificate No. 6ine. 6658 and operation of certain electrical generating Provisional Certificates Nos. 57/768 and machinery to be installed in conjunction 57/1045 will be thereafter treated by this with their new steam raising plant, and Corporation as Null and Void. for the purchase from the Refinery of the

By Order of the Court of Directors -

A. G. STEPHEN surplus electrical energy produced,

Chief Manager. Hongkong, 13th April, 1923.

NOTICE.

A UTHORISED CAPITAL $1,000,000.00 TO OFFICE BOOKS

NTEREST.

For Fixed Deposits--

1 year

9 months

6 months

8.mouths

For Current Account

...@6 Per cent,

મ

For Special Deposit... PersonalArrangement. For Current Eavings@ 44 Per cont For Fixed Savings..Regulations Obtainable "THE CHINA INDUSTRIES DEVELOP ↑MENT BANKING COMPORATION. --THE INDUSTRIAL AND COMMERCIAL

BANE, LTD.

HALD OFFICE: York Building, Chater Bead Hongkong BLANCHES:

Shanghai-51, Kianges Road, BankowBritish Concession,

CORESPONDENTS IN: London, New York, Chicago, Ban Francisco, Vancouver, B.C., Honoluin Singapore, Penang, Tientsin, Swat w, Macao, Canton and all Com mercial centres of China and abroad.

PROMPT SERVICE.

.2007

TO LEI,

ROOMS, Top Floor,

Apply GANDE, PRICE & CO. LTD

PREPAID

WANTED

ADVERTISEMENTS

WELL Furnishad APARTMENTS, Good Situation, Overlooking Pablic Gardens. Every Convenience Carefully supervised Good. Apply -4, THE ALBANY, Albany Road,

TC8

WANTED POSITION by Wall Educated, Experienced PRIVATE- TUTOR in English, Mathematics and Indian Literature. Terms Moderato. Apply Box

[03 X.D., c/o Daily Press Offic

WANTED-Compatent STOREKEEP- ING CLEIK.Good Heferences and Guarantee essential Apply Box X.E., c/o Dady Preu Office:..

Attractive rates for all kinds of Deposits WANTED-Ons Large BOOM or Two Inquiries are welcome.

1969)

T. EL MAL,

Manage

Groned or Small, preferably First Floor, in Centre of City, required" as Offices about June.-Write "Z" Daily Prem

A. S. WATSON & CO., LTD,

1700

HOUSING THE COMPANY'S EMPLOYES. Since the end of the year we have sold the! Wanchai property and plank, and it is pro- posed to set aside the profits on the sale for the purpose of providing housing accommo- dation for our stuff. Your Director have

NE Certificate for 3. Shares No. 12693/12605 'and One Certificate given unch serious thought to this question of the housing of employés, but there is

standing in the Name of LI HIM U and l at a price which rendeza building econo Breat difficulty in ncquiring suitable sites for 3 Shares Nos. 12696/12698 in thia Company mically possible for undertakings similar U. CHEONG respectively have been LOST, to ours. We have, however, purchased and if at the Expiration of One Month from the during the year a site at North Point for Date hereof, the above documente be not forth- artisan quarters, and plate for the first coming, other Certificates for the said shares will be issued by the Company and thereafter "no other will be acknowledged block are now in preparation,"

AB WATSON & CO., LTD Hongkong, 5th April, 1943.

MORTGAGE INVESTMENTS WANTED.

The financial year it present closes at the end of February, and as we find this for many reasons inconvenient, 1 propose, with your approval, to alter the date to December 31st.

The next financial repost will cover a period of ten mouths, and subsequent to

porta of 12 months as usual..

Before moving the adoption of the re- port and accounts, I shall be glad to answer to the best of my ability any questions you may desire to ask

[664

ESSRS. DEACON, HARSTON AND

Central, Solicitors, have for Investment, the Sum of $300,000, and are prepared to consider Applications for the Advancement of the same on First Class Mortgages of House Property. [730

MSHENTON, I No. 1, Des Voeur Boad

MANCHURIA

OPERATING ALL LIVES BOUTE MANCHURIA AND

SUMMER HOLIDAY

RESORTS

V. C. LABRUM

RAILWAY

i (KOREA, East or Muzzer.

SOUTH MANCHURIA AND CHOSE

HOSHIGAURA-Finest Seaside Summer Holiday Resort in North China. Five miles from Dairen, but connected with the city by special motor and carriage road and electria tramway. Yamato Hotel (35 rooms) and 12 furnished bungalows i in charming cliff gardan Bathing, Boating, Fishing, Golf, Tennis, Billiards, Orchestra twice a week. Capital place for children.

Arthur. Former'y the Summer Resort of the high Russian officers and officials. Yamato OGONDAI-Most beautiful and select Seaside Resort in the Far East. Two miles from Port Hotel and 20 villas and bungalows, mostly with detached servants' quarters. Excellent Bathing, Wonderful Scenery Historic Battlefields Rained and Dismantled Forts Miles fo charming Walks and Drives. Abundant Picnicing Facilities. Orchestra twice a week. Best place for high-class families,

PORT

RT ARTHUR.-Famous for its two memorable Sieges and its beautiful landlocke Harbour. Exactly one hour's journey Dairen by express train. Yamato Hotel (18 rooms). Stuficient place of histories and scenie interest to fill a month with ■ fræh walk or drin every day. Most hesithy and malubrious spot in the Far East,

KONGOSAN.-The famens Diamond Mountain of Korea. A special Samsons Escor

rivalling Switzerland for climate and scenery. Beautiful peaks and charming essendes. Grand recuperative qualitisa. Kongosan Hotel (10 rooms) at Onseiri and Choanji Hatel (11 rooms) at Chomri,

All under the direck management of the SOUTH MANCHURIA RAILWAY. CO. Blastrated Booklets and all-Information port free on request.

Applications may be sent to the Hotel Managers as the various resorts or so

BEHEN THE SUPERINTENDENT OF HOTELS Trafic Deparkmast

SOUTH MANCHURIA HAILWAY, Dalcon..

Os Ele: Add. Hantoor.

Cidas: A.B.Q. 5th Ed., AI & Llebors.

"PHILIPS

APHILIPS LAMP

IS A PERMANENT

ECONOMY

SOLE AGENTS

Holland China Trading Co

Hong Kong