1924-07-30 — Page 2

Page

D'YE KEN

JOHN

· THE ORIGINAL.

HAIG?

04010

JOHN HAIG & CO., LTD.

TEL. C. No. 135.

17

THE HONGKONG

GPAATEX

WITH

-HOP -

Distrillera Markinch Scotland.

Sota ATE

GANDE, PRICE & CO., LTD.,

No. 8, Queen's RD. CTL., HONGKONG.

DAIRY FARM NEWS.

BETTER BACON

Means

BETTER BREAKFAST

We recommend you to try the following quality goods which are genuiue farm fed :-

AYRSHIRE ROLL"

STREAKY BACON BACK BACON

SPECIALLY MILD CURED YORK HAMS

Equal to any!

DAILY PRESS, WEDNESDAY, JULY 30TH,

COMPANY MEETING.

"SHELL TRANSPORT AND TRADING TO.

WORLD-WIDE "ACTIVITIES:

INCREASED,

The technical side of the company's activities had not been neglected. They had greatly extended their refineries, particularly in Curacao, where they were still extending in order to deal with the -PROFITS | increased and increasing Venezuelan pros duction They had also made great strides in the various chemical problems which continually arose.

•

The annual general meeting of the Shell

Transport and Trading Com pany, Ltd., was held on June 24th in London, the Hon. Walter H, Samuel, 31.C. (the Chairman), presidiag

MAGNITUDE OF THE BUSINESS.

"ring.

Sang shareholders might wonder why, with such an enormously increased busi- ness as he had sketched, the profits were The Chairman, in moving the adaption not commensurately increased. To these of the report and recounts, said that there he would say that it was only by an enot- were considerable changes in the figuresmously increased business that they could of the halaer-sheet and profit and loss keep up their profits. This company had account this year He had seen certain been represented as being able to make Press comments which might lead the

their prices, and their profits, whatever shareholders to suppose that the profits for the year were less than those for 19 they liked by the mysterious operations This was arousing and that the deficiency had been made of a mythical

in view of the fact that there had never good from the accumulated profits of prebeen so much competition in the industry

ious years as represented by the rarry

as there was to-day. They were, pro- forward. As a antater of fact, the proats daters, refiners, transporters, distribu As represented by dividends received,

tors of all; they made candles, rond were slightly more than those of last year, serial, lubricants, medicinal ells, and and the decrease in the total figure" enr ried to profit and loss account was solely de to the final liquidation of the excess The WAPPY forward noW profits duty, stood at the normal Egure of £20,081, after provision for the payment of pre- ferred dividends and per centre of tax, on the ordinary shares, the same as last year.

On the asset side of the balance sheet the property account had increased by dearly Elokum. By far the largest of the fresh acquisitions had been the exten- sion of the company's interest in the Shell Laion Oil Corporation, where their hold ing had heen increased by 23 per cent, They had also increased their holdings in France. Norway, Belgium, and, Italy, and practically all the money invested was already revenue producing (Applause) These large investments, in addition to the cash payments for excess profits duty, had, reduced their hquid assets, vasb. and Government securities, fruin "over 12,000,000 to about £9,500,000. This very large sum was ample provision for their cash requirements for a long time to come, and would gradually decrease as their business extended.

DIVIDEND MAINTAINED.

It was a matter of congratulation to thes directors and to the shareholders that they had been able to maintain, the ordinary dividend at last year's figure It had not been an easy year, and, in fact, he did not thing that they were sing to see easy years in this or any other industry for a long time. The markets of the world were still in a state of us. but he for one, was not of those who anticipated any carly impending oil skort age." On the contrary, the year 1997 showed an increase in the world's duction of 19 per cent. The "Sheil group's production increased by about 3 per cent. reaching a total of over 141 Billion tons, as against 9 million in 1992.

شد

a host of other by products. They wers even their own bankers, for they did not borrow a penny. All thoir enormous stocks of oil, tin-plates, horing material, etc., were bought and paid for out of their wn funds. They were amongst the largest shipowners in the world, with a

The feet of over 1,300,000 tons.

profits from all these activities were consolidated in the profit and loss account, and the dividends distributed to the shareholders, distributed combined with the dividends

to the Royal Dutch sbareholders by that company, represented considerably leas than £1 per toe on the quantity of oif produced by the group. Such profit was only possible by working on a wast and world-wide scale.

The report and accounts were unahi measly adopted.

TO LET AT WEIHAIWEL,

YOMFORTABLY Furnished ROOMS with

Board. To'Let at present..

Apply

843]

,,

Í NIVEN,

WEIHAIWEL

TO LET.

GROUND FLOOR

PREMISES on the GE BUILDINGS,

CHATER ROAD, formerly occupied by TH CHINESE MERCHANTS BANK, Lrn. Immediate Occupation; Moderate Rental.

910]

Apply

SECRETARY,

A. S. WATSON & Co., LTD.

TO LET.

and Airy Office ROOMS on GROUND

The fused about 5 million tons in N and Fraar Floons, 5, Deppetz SPRINT the United States," an increase of over Can be used as Bank, Commercial or Motor Car 100 per vent., and even that huge Sgure Offcesi. Rent Moderate.

million tons only represented some

6 per cent of the total USA produc-

5}

Apply

SUNG TAL-

tion. In Venezuela their production in- creased 5 per cent., in Sarawak 35 per cent, and in Mexico, in spite of generally decreasing production in the country as P.&O. BANKING CORPORATION

995)

1. Queen Street.

1924

MADAME FLINT'S

ANNUAL

CHEAP SALE

From 7th July

to 31st July, 1924.

Bargains in All

Departments.

25% Reduction on all" Summer Goods.

WORLD THEATRE

WEDNESDAY, 30th, to SATURDAY. 2nd Aug.

at 5.15 p.m. and 9.15 p.m...

A

THE UNIQUE AND MOST ORIGINAL PHOTOPLAY

“ANIMALS ACTING AS MEN ""

A Five-Beel Comedy Drama

WAR DECLARED

on Germs.

Shoot them down

with

LOTOL.

Obtainable at all Leading Stores.

Refuse Substitutes.

FLIES ON FOOD

It is well-known that Flies spread many Diseases through contaminating Food, Drinking

Water, Cooking Utensils, etc., etc.

SKETOCIDE

will keep your Kitchens and Rooms free from these Peste.

SKETOGIDE is a Pleasant Non-staining Non-poisonous Germicide, which not only Įkills Fles bat in equally fatal to Mosquitoes, Ants, Sand Flies, and all other Insects.

THE PHARMACY,

TEL. 346.

QUEEN'S EJAD CENTRAL.

BICYCLES

Telephon't K711.

LADIES', Gentlemen's or TandÉM FOR HIRE OR SALE.

HANG LEE CYCLE 60.,

19, HAIPHONG Ross, KOWLOON.

Ners to PALACE HOTEL,

Telephone

·K711

a whole, they had an increase of 75 per

Russia still found to place i in their list of froducers. Shareholders would doasht- less have read from time to time of agree. ments they were said to have concluded'| with the Soviet "Government" All such 'stories were tha They had still to see conditions which would give them the condener nevessary for the risk of fresh

in Capital

that

country. They were "keep- ing in communication with other partics in similar case to themselves, including the American interests. t ably the knowledge of these eommunica- ticus which had given rise to the absurd rumour that they had arranged to divide the markets of the work with one of their chief competitors. He was glad to" have this opportunity of uttering, cate gorical denial.

was presum1-

RESTRICTIVE · LEGISLATION - ABROAD.

Their Roumanian production had re- mained at practically the 1922 figner, and the restrictive legislation of that country did not encourage them in hopes for the future. Indeed, if all the projcuted legis lation was actually carried into effect, it was difficult to see what attraction there yould be for foreign capital in Roumanian investments.

LIMITED.

(INCORPORATED IN ENGLAND, 1940) with which is listed

THE ALLAHABAD BANK LTD

INDIA

AUTHORISED CAPITAL StraCRIBED AND PAIL UF Hazare FUND

£5,000,000 42,594,160 £135,000

HEAD OFFICE: 122, Leadenhall Street, London, EC. 3.

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

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

Singapore, Hongkong and Shanghai,

The Corporation undertakes General Banking and Exchange Business of every description and in addition to its Branches had Agencies in að the principal Cities of the Worki,

C. CHAMPKIN,

Manager.

22, Des Voux Road Central, Hongkong.

In Mexico their own company, La C. E. WARREN & CO., LTD.

Corona, had had a successful year, though continually hampered by politien) dis- Lachances. The Mexican Eagle had had diminished production, which, as

a

much

sund, was not included in their toll figures, and hul had to retrench consider-

SANITARY ENGINEERS, MONUMENTALISTS. Era

ably in order to bring their organisation OFFICES )310, WYNDHAM STREKT,

to the seale thereby rendered necessary.

had done considerable exploration

in the Argentine, but here also had TEL NO. 269. been hampered by the uncertainties of legislation As a matter of fact, this un certainty of legislation was one of the chief difficulties

ties everywhere, not least in the Dutch East Indies, where new deve- topinent was practically at a standstill

The earthquake in Japan brought them considerable losses in oil and material, and in personnel. To the relatives of

HONGKONG.

CHEAVINS FILTERS

IN STOCK.

J.

those of the staff who lost their lives in ALSO HIGH PRESSURE

that appalling disaster he tendered the sympathy of all of them, and to the sur vivors he wished to say how much their loyalty and courage was appreciated. The Provident Fund, which had been hujh up for the beneft of the staff, now ninaunted to, the enormicus figure of over

million sterling.

EXTENSION OF ORGANISATION.

With regard to distribution, they had had to extend their organisation to deal with the increased output, particularly in the United States, which continued to be by far the greatest consumer of its own great production. The excess in Cali

with the falling" off in

Mexico, had

FILTERS.

PRICES ON APPLICATION.

TEL. No. 269.

HE WHO DOES

ONE THING WELL

Is one who does not attempt to

formin, combited in a demand for do 100 things. We live in an age tonnage to bring the Pannu of SPECIALISM. Our speciality. East Coast. They had consequently seen is Eye Examination and making

rise in tank freights which had made Quality Glasses.

Canal from the Western States to the

it possible for tankera to be run at a small

profit, and had brought out tonnage Hitherto laid up in order to avoid the Josses involved in accepting the previous low rates of freight.

CHINESE OPTICAL CO.

67, QUEEN'S ROAD CENTRAL,

A SUPER FEATURE ACTED BY ANIMALS ONLY-IT'S THE

PLEASING SURPRISE OF THE CENTURY.

GREEN ISLAND CEMENT CO., LTD.

IP

Best Portland Cement

SHEWAN, TOMES & CO.,

GENERAL MANAGERS,

FLONGKONG

WITHOUT PURE BLOOD HEALTH IS IMPOSSIBLE.

BLOOD

VETARZO MEDICINE

Never before was there soything like it, nor are ita marvellous properties likely ever lo Se equalled in dinesses arising fross in pure blood. It searches out and expels from the vital current every lurking trace of poisonous matter, curing blood and skin diseases, scrofulous and glandular swellings, bad legs, abscesses, mice, eczema, gout, rkeuma tisms, goitre of Derbyshire Heck, etc. It improves the general health and quickly ́removes long-standing bronchitis, selime and hacking, atraining, spasmodic cough, too often the precursor of consumpá lo ti.. LIFE WITHOUT HEALTH IS LIVING DEATH,

VETARZO BRAIN AND NERVE FOOD.

For Nervous Breakdown and Chronie Weakness VETARZO REGULATORS, Kade and Kellabla..

·Reglink Price B. Wither remedy). The VETARZO ZEMEDIES CO., Goebel Oak, H.W., London, Mag. Usprincipled Dealers may try to sell you something else for extra preži=do set accept it. Tosiat an keving VETARZO, THE genuine has words THTAZZO BEURDERS" on Gererament Stamp. Goldby Isanıno CANH CHKIINTE

PODOSTELLOS BALE