1924-12-30 — Page 3

Page

“DECOLITE"

THE HONGKONG DAILY PRESS, TUESDAY, DECEMBER SOTB, 1924,

FIRE-RESISTING FLOORING

(Awarded Gold Medal Franco-British Exhibition.).

JOINTLESS. HYGIENIO & NON-SLIPPING Laid by Our Own Workmen on

STEEL, WOOD OR CONCRETE.

THE UNITED ASBESTOS ORIENTAL AGENCY, « LTD.

Tol. Central 236.

QUEEN'S

2, Queen's Buildings.

THEATRE.

Today and Wednesday, Dec. 30th and 31st.

at 230, 5.15, 7.15 & 9.15 p.m.

ELAINE HAMMERSTEIN

AND

MAHLON HAMILTON

IN

15

"UNDER OATH"

A Tale of Tangled Intrigues for the Love of a Worthwhile Woman.

ADDED ATTRACTION

at 5.15 -9.15 p.m.

Miss JENNY KIRA Egyptian and Oriental Dances,

-PRICES

ADMISSIÓN:

At 5.15 p.m.-80 Cts., 50 Cts. & 30 Cts. At 9.13 p.m.-$1.20, 80 Cts. & 40 Cts.

NOTICE OF REMOVAL.

HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.

On and after the 1ST JANUARY, 1925, the Head Office (and Registered Office) of the above Company will be situated on the THIRD FLOOR of ST. GEORGES BUILDING, CHATER ROAD, HONGKONG.

Telephones Postal Address

Telegrams

Code"

Central 4581 (two lines). P.O. Box 583, Hongkong. "FERROCONCO," Hongkong. Bentley's.

[1551

In Two Theatres At Once!

Realising that they have, in

"THE COVERED WAGON

The biggest film of its kind ever made, the management of

THE WORLD and THE CORONET Theatres have decided to take the unusual step of showing this screen masterpiece in both Theatres simultaneously, for four days,

Commencing Wednesday, Dec. 31st.

At the Coronet there will be Four Shows daily at 2.30, 5 Sharp, 7.15 and 9.15.

At the World

there will be Two Shows daily at 5.15 and 9.25 p.m.

"COMPANY MEETINGS.

BRITISH AND CHINESE CORPORATION.

RAILWAYS AFFECTED BY CHINA'S TROUBLES.

The twenty-sixth annual ordinary general meeting of the British and Chinese Corporation, Ltd., was held ab the Cannon Street Hotel. London, E.C.. on November 7th, 1921, Major W. S. Nathan, C.M.G., the chairmar, presid

ing

The secretary [ Mr. E. R. Morriss) hars ing read the notice convening the meet- ing and the report of the auditors,

Sir CHARLES ADDIS, K.C.M.G., "asid: Gentlemen, before the formal proceed- ings of the meeting begin perhaps I may be allowed, as the oldest member of the board, to say just one word with regard to the chairman, Major Nathan, who meets you here for the Seat time. As the years go by some of us feel that our touch with China must necessarily be losing some of its intimacy and its delicacy, and we considered ourselves very fortunate when we learned that Major Nathan, after a long and distinguished career in China, was retiring to this country, 'and' we felt aure that although he night be retiring from the exceptive duties which bring them to a stato of efficiency and be had carried on so long with such increase their carrying power it will be success there was a fund of energy which necessary to add considerably to the it would be a great pity to allow to run rolling stock and also to equip, the to waste. We were able, after some per various lines with further sidings, shede, suasion, to induce him to wreept the post etc. It is probable that the Corporation which he occupies today, wind his long will be culled upon for further capital and intimate knowledge of the Chinese to replenish the railways in which it is people, his intimacy with a succession of financially interested. Bearing in mind Chinese officials, and his expert hand the small subscribed capital fa proper.' ling of negotiations in connection with tion to the amount of the loans still the Kailan Mining Administration, have outstanding. I think it may be desir-1 given him an authority in Chiness matable next year before we extend our "ope-! ters and an expert knowledge of adminis rations that the question of calling up; tration which I believe are unequalled. the balance of the uncalled capital may Combined with that he is also fortunate have to be considered. in having bad himself an engineering training, so that be has not only a knowledge of the

Turning to the accounts, the increase Eden with whom in the profts over that of the previous ho deals, but expert knowledge of the matters which he

year is chiefly accounted for by the fact 18 negotiat ing. This company has passed through Nanking net profit certificates were re- that two dividends on the Shanghai- long and trying period, which 1 beceived within the Enancial year, one in lieve is a period transition, and I do not know of a better guarantee for the future, which I believe will be a prosper ous one, than having had the good for tune to secure as your chairman Nathan (Applause).

THE ACCOUNTS,

July, 123, and the other in June, 1921. general expenses is due to a higher allow The increase in administration and injorance having to be made for office rent, etc.; agency commission, of course, rises in proportion to the profit. On the other hand, there has only been the amount The Chairman said; I have to thank of £49 to write off for depreciation. In you. Sir Charles Addis, for your kindly the balance-sheet you will we that our and sympathetic remarks. Now, gentle investments are reduced by £3,000 10. men, 1 will proceed with the ordinary The appreciation in the market business of the meeting. China is a value at date since June 30th is about country where the unexpected always £17,000.

THE UNREST IN CHINA.

happens, and therefore it is very foolish Our advances to the Chinese Govern- to attempt to make any prophecy having ment are two in number; one is op ac- regard to the state of affairs at any given count of the Nanking-Hunan Railway, moment Up till now it has been cou-and is recoverable whenever it becomes sidered that the country has been divid-practicable to issue the public loan, and ed into Northern and Southern factions the other is to the Peking-Mukden Rail- with an independent power in Man way for doubling a portion of the track. churin. As a matter of fact, it must nat The latter is repayable by monthly in- be thought that there is any hostility be stalments of £10.000 an account of priz tween the peoples of the North and cipal and interest, and is charge on the Soath, who mix freely with each other surplus earnings of the Peking-Mukden all over the country; the rivalry is mere- Railway. The service of the loan has ly that of individuals. Chang Tao Lin been fully met. A satisfactory feature appears to have firmly established him in the accounts is the reduction of our self in Manchuria and to have obtained overdraft with our bankers of £86.789: a dominating position over Peking and This is, of course, due to the reduction the Province of Chibli. There, however, in the debtors and open accounts of he is likely to have cocsiderable difficulty £101.814. The overdraft since June 30th in maintaining his power in face of the has been reduced to £11,000. opposition he is likely to experience from men like the Christian General and the generals of the Chihli party.

Along the banks of the Yangtzo the Tuchucs appears to have united is sup- port of Wu Pei Fu in order to create à Government in Central China in op- position to Peking, bat Wa having lost face, cannot have as much influence as before the debacle. Sun's power in the Bouth bag rever been great, aad were a moderately strong Government establish- ed in Peking, controlling the Central Provinces, the influence of Sun in the South would probably disappear. Gege- | rally speaking, however, I fear that the state of unreat in China must continue; actual fighting may cease for a period, but a recrudescence will be difficult to avoid. China requires a strong ruler, and it is difficult to see where one can be found. I have been personally ac quainted with all the presidents from Yuan Shih Kai to Tao Kun, and none, except Yuan, has been competent to con- trol the various individuals holding power in the Provinces without they bad military forces at their back; in several cases presidents have been merely puppets of one or more Tuchuns.

THE RAILWAY QUESTION. The recent troubles have affected, the railways most seriously. The power of the combatants extended over the whole area of China where railways exist, and, as a result, probably the only one that has not lost heavily in the Shansi Rail- way-and "that only because it is a narrow-gauge fine. The rolling stock of all other railways has been used entirely for the transport of troops and muni tions, and cars and locomotives have been freely transferred from one railway to another. Unfortunately, on such oc casions no care is taken of the rolling stock, and a large proportion of railway transport material is probably in a very ineficient condition. So far, the only railway which appears to have resumed anything like its normal traffic in the Bhanghai-Nanking Railway; the Peking- Mukden Railway is still incapable "of carrying coal from the Kai-Ping mines. The effect on railway revenue is there- fore sure to be felt for some time to

come

The report and accounts were adopted. a dividend of 158. per share declared, ard the retiring director (Major W. S. Nathan) and nuditors re-elected.

The proceedings then terminated with a vote of thanks to the chairman,

HONGKONG SHARE MARKET.

Banks

CLOSING QUOTATIONS

Decause 9, 1924. Hoogkong and Shanghai

*****$1,190 1. Canton Insurances

$725 b, Union Insurances... $269. Hongkong Fire Insurances $395 b. Douglas Steamships... 859 8.

HE, 0. & M. Steamboats...$96 b.

Star Forries

..2138 b., $140 sa. Ukina Sugar.....

#94 b. Kowloon Wharves Langkata (combined) Tla, 23 b...

Tle. 23 80. $219 b. Whampoa Docks... $1493 b., $140185 Bhangksi Docks Rongkow Wharves... New Engineering:..... Hongkong Landi

com

Tia. 107 b.

Thn 210 b.

TA 7,40 30.

..$10

10a b.

Hongkong Hotels...(w) 318 bom.

f(old) $185.b. Tumphreys Eristen... #214 d Ewo Cotton Mills Tla. 12b, Th. 12.10/12) mm. Shanghai Cottons ......

(old) Ti 60 (new YFL, 33 nom. Orientals

Tie. 8:20 b Cements (combined)... $20.10. Hongkong Ropes (combined) $58 2013. China Providenta (combined) $32) nom. Dairy Farme

$25 b Vaterboats Watsons 18

..... (old) $22 nom, (now) $11 b Hongkong Electrics

China Lights (combined)....

Trias

$56 b..

B (oid) 326 A., (new) $11į nom. "Shell" Transports

buyor; sellers; sa—pales.

FRANCE'S TAXATION.

GIGANTIC ARREANS.

Aro

In his report on the French Budget, It Beems likely that, when order is 11,000,000,000f, (about £125,000,000) stil?

Mr. Deyris remarks that there again established, considerable expendi- to be collected for the financial years ture will be necessary to restore the rail- between 1920 and 1024 inclusive. These ways and rolling stock to the condition arrears of taxes are calculated up to they were in before the present struggle. October 31st lant, and comprise direct Even then, the railways are very much taxes of all kind, 5,857,000,000f, and under-equipped for the traffic they are extraordinary contributions under the called upon to carry, and in order to head of war profits over 5,000,000,000.

A happy good nature

If everyone did a bit towards making condi- tions better for others less fortunate, there would be more happy people, sir.

I could have kept my discovery of Kensitas to myself, sir, but I wouldn't have been happy.

I simply have to tell you that Kensitas is the only cigarette to satisfy a gentleman of your discriminating taste, sir.

Kensitas

Manufacturers?

the preferred cigarette

J. WIX & SONS · LTD · ULKÀ PICCADILLY » LONDON » W. 1 - END. Wholesale andy: DONNELLY & WHYTE, Distributers for Hongkong nad Sonth. China, 2 QUEEN'S BUILDINGS" Telephone: Cantra) 6.

Jenkyn

Obtainable at Lane,Crawford, Lid. Tabaqueria Filialas, Green-Eystian.

Tobaccolatar,

and at high-class Tobacconists,

At 95 ceats

per tin of 50

Are You Tired of the Ordinary?

Then See

This

Picture!

STRONGHEART

The LOVE MASTER

Fight-Love-Románce-Ad- venture-in the Land of Eternal Snows, and Strongheart, the Wonder Dog, King of His Lize, a Mighty Figure of Thrill and Throb and Sheer Amazement

TO-DAY,

at 2.30, 5.15, 7,15 & 9.15

AT

THE CORONET

Save him, Strongheart! For my sake!

First National Picture

A Year Round Remedy.

BEECHAM'S PILLS may always be depended upon to exert a powerful and beneficial influence on the ills which beset the human race at various seasons of the year. A few doses will set most effectively on the vital organa, drive out impurities in the blood, cleanse the stomach, strengthen

the digestive organs, and unm and invigorate the entire system

JF

BEECHAM'S PILLS

act like a charm in setting you right."'. Every person, young or old, occasi ally poerla to neist natnan over trying times. If you would avoid sickness and be well, and slways have good digestion, an active liyo, clear skin and height eyse, maka a habit of occasionally taking BEECHAM'S PILLS. They may be mken with safety at any time, being

Always in Season.