1925-04-01 — Page 4

'Kanalbog'cha

The

THE HONGKONG DAILY PRESS, WEDNESDAY, APRIL 18, 1925:

MAGNOVA

WATERPROOF

"

The MAGNOVA" is made-to-car own- desigu of a specially woven cloth and treated with patent prooting process which enables it to withstand the peculiarities of the climate.

It is cut on free and easy yet smart lines, providing perfect comfort in wear, and every detail in the making has the closest.scrutiny.

THE BEST WATERPROOF FOR LOCAL CONDITIONS

Obtainable Only st

MACKINTOSH

& CO., LTD.

MEN'S WEAR SPECIALISTS. Alexandra Building, Des Voeux Road.

Take a reg of

The Scotch Whisky

John Begg

that has been applied to si the Royal Palaces for 15 yeats. JOSH GG LIT, CLUBCOM 1 and

Pachuch Big Landing LES

M. Y.

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TAKE A PEG

JOHN BEGG

BLUE CAP

AND

GOLD CAP

DONNELLY

WHYTE,

TEL. 696.

SOLE AGENTS.

SAN & CO., LTD.

MANUFACTURERS

OF

BEST PRESERVED

STEM GINGER

{MADE IN HONGX

1.Y.SAN AC

› HONEKING,

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WHITEAWAY'S FOR VALUE.

GENT.'S OUTFITTING DEPT.

GENT. 'S

WHITE GABARDINE

TROUSERS

an

Well cut and made from excellent washing and wearing sbrunk. material. Thoroughly

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wear,

A different Collar

PRICE $16.50 PAIR

VAN HEUSEN

The world's most economical COLLAR.

The "VAN HEUSEN" is a soft callar pomening all the

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PRICE $1.00 EACH

WHITEAWAY LAIDLAW

No creaning

No 605zap

No rough edges

No starching

No wrinkling

No points

No pin required

No four of shape

No

shrinking

4

Can be worn with any tis or

bow Can be warfed and ironed at

Made in one piece Folds naturally" without straining or breaking the fibres of the material" Does not cling to the rack

&CO. LTD.

COMPANY MEETING.

CHINA SUGAR REFINING CO.,"

LIMITED.

1

TAST YEAR'S HEAVY LOSS.

7th annual general meeting of the dns Sugar Refining Company, Limited, was held yesterday in the Boardroom of Messrs. Jardia, Matheson & Ca Mr. B. D. F. Brith presided.

After the Secretary had read the notice convening the meeting,

The CHAIRMAN said: Gentlemen,--The Report and Statement of Accounts for the year ended 31st December, 1994, having been in your hands for sque time past, I will, with your permission, take them

I am glad to be able to report that there has recently been a much --batter demand for our products in China, parti- cularly in the more Northern Agencies and the Refinery is at present fully engaged in filing, their requirements Salling limits, however, continue “an, a law scale but it is hoped that if the pre- sent improved demand continues, prices will improve. The erection of the new boilers was completed a few months back and-they are working satisfactorily, and we have every reason to be satisfied that a great saving in fuel is resulting from the installation.

During the year the possibility of the Company removing from its present pre-

as read. It is with great regret that Imises to a more ecqnomical and up-to- have to place before you such an unsatis. date site has been under consideration but the policy of your General Agents. factory account for the past year, 30- greatly in contrast to the one presented an important question of this nature

cqust

be governed by the result of to you by my predecessár a year ago

thorough investigation of the many and but it affords only another forcible illuscaried data it is necessary to obtain first. tration of the very uncertain and fluctuat ing nature of the particular business which the Company is engaged.

1

were

The six new steel lighters are now ir commission and are a great improvement! on the open native lighters wa Adverse trading conditions in China well as a steady fall in sugar values. dependent upon formerly, the risk of throughout the world could only result in pilferage having been considerably lessen- ed, also damage to sugar through incle one thing, and that was a loss to sugarment weather. The flats erected on the reiners-hut as all of you who are en- distillery property for our Chinese emi- gaged in a trade where it is a questionployees have also been completed and are of keeping your manufactures before the

now partially occupied. public and maintaining old connections are aware, occasions will arise when you must be prepared to spend money to keep in the trade and prevent outsiders estab licking themselves therein.

As you are aware, by a special resolu tion passed on the 3rd October last, which was subsequently confirmed at an extraordinary general meeting on the 20th October, the then existing 20,000 In order to liquidate the amount at fully paid up shares of $100 constituting debit of "Profit and Loss Account of the Company's capital of.$2,000,000 was $1,732,153.29. after deducting the gure divided into four fully paid up shares of brought forward from last year (ie, $25 each, making the present capital of $40.701.70), your General Agents and the Company $2,000,000, consisting of

Consulting Committee recommend the following amounts should be utilised -

$1,000,000: from Sugar Fluctuation

Account 600,000: from Equalisation of Divi-

dend Fund a"་ 100,000: from Exchange Fluctua

tion Account

sheet.

80,000 fully paid up shares of 895 each. This subdivision of the shares was the result of a request by a very substantial body of shareholders and I do not think it is necessary for me to make any further allusion to this matter. I would, how- ever, like to remark that there are, stilf 342 shares in the old denomination which have not yet been sent in lor sub-

division, and as wo are anxious to close up the Old Register as soon as possible, I hope that the present holders of these shares will assist us by sending them in at the carliest date possible.

I now beg to propose the adoption of

K. M. A.

CERAMIC & REFRACTORY PRODUCTS

CLINKER, PAVING, BUILDING & FIRE- BRICKS

·STONE-

-WARE

PIPES &

GLAZED TILES

Ask. For our Ullustrated Catsingue-Compare our Frises and Inspeck our wide Range of Samples: THE KAILAN MINING ADMINISTRATION

! DODWELL & CO., LTD. "Aguats, Hongkong.

JUST ARRIVED.

FRESH SUPPLIES OF HUNTLEY & PALMERS

PEEK FREAN

JACOB'S

FANCY ASSORTED

BISCUITS.

THE SINCERE CO., LTD.

HONGKONG JOCKEY CLUB,

THE WEIGHTS FOR MEETING AT

EASTER.

Below will be found the weights allotted

SHANGHAI RATEPAYERS.

PLURAL VOTING DOES NOT

EXIST...

lu view of the annual meeting ar

the Report and Accounts as presented by the official handicapper for the bandi-Shanghai Ratepayers to be held on and when this has been seconded, I shall caps to be decided at the Easter Meet Wednesday, April 15th, the following be pleased to answer to the best of my in, on April 11th and 13th, under the cbility any questions arising out of the

accounts which shareholders may with auspices of the Hongkong Jockey Club: to ask.

PAT AND LEAN YEARS.

Rothesay 151 King Emperor, 151 Dictator Dublin, 151 Friarsfield, 150 Saracen, 130 Phenomenal Dahlia,

in the Municipal Gazette:

statement on the subject of votes appeara

From time to time it is realized that

FIRST DAY.

a misunderstanding is widespread in TWICKENHAM HANDICAP-"A" CLÄ Certain sections of the community us

The number of votes which can be exercized One Mile.

by persons qualined to note at ratepayers meetings.

misunderstanding has been caused in the past by various public which have not been con- utterances, tradicted, alleging that plural voting exista

in Shanghai, also that voting

is therefore end for taxes.

to state för sidered opportune

general power is in proportion to the amount

information that plural voting does i exist in the Foreign Settlement and that the principle governing voting a

It is a fact, not ratepayers meetings is that of "one in-

and carry forward balance of $32,155.28. to next year's account, and I trust this will have the approval of shareholders.

If the above adjustments are passed by you, the Company's Reserve Accounts will be reduced to a very low figure, but it is fortunate that by the adoption of a conservative policy in the past, of build ing up substantial reserves and at the same time distributing to shareholders a reasonable average dividend, we are able to start 1995 with practically a clean Our stocks of both raw and refined sugar at December 31st, 1994, have been written down to market values ruling at that date and it is to be hoped that our last year's unfortunate working had em- The Rev. Father RoBERT, in seconding, bodied all the adverse re-adjustments of said: The report of the Chairman is no Charcoal, 10th

Chicago, 169 values necessary and that future condi- self-explanatory that I will not try to tions generally may be more favourable enquire into the causes of the losses of Grey Knight, for for us. I may add that the price at which the past year." In any industry there are Jambu (Inte Stun

Der Dabii, 158. our forward purchases of the raw material fat years and lean years. We were not have been effected should prove profit expecting a glowing report, but perhaps King of the Plains, able, as it does not compare unfavourably we were not realising that we should have with present market values, which are such a heavy loss. Happily the loss is och Rannoch, 135

covered by previous earnings, but the Clover Cinh, 155 extremely low,

Love, 154 My predecessor, when addressing you Sugar Fluctuation Account, the Equali a year ago, remarked that the raw mareation of Dividend Fund and the Ex-Hatting Paper, 185

mum, 148

ally realized, that the largest taxpayer kets were on a high level and although change Fluctuation Account, are no Curiosity, Shop, 159

Auchenreoch, 148 The Critic, 150 It

in the Settlement, as also the largest Baby Eyes, 147 the statistical position at that time lock almost depleted by the heavy drain made

Grey Streak, 132

real estate Company, each owning ed sound, he warned you that high prices on them to cover last year's lose.

TWICKENHAM HANDICAP-"B" Class-baps hundreds of lots of land, possess but usually resulted in reduced consumption, rests with the shareholders to hope that

one vote each

It is true, of course, that and that the possibility of sudden changes the trade of this year will be better. I

ons attending meetings of some perrous

than in our business could not be ignored. am glad, Mr. Chairman, that you mention

one voting ratepayers produce more From that time on, the trend in prices in your report the possibility of

164iba.

ticket, but such extra votes are in respect

af of raw sugar was in a downward direction moval of the factory from its present site. Magnificent Dahlia, practically throughout the year, closing The East Point property on which the

and distinct values at the end of December being mill is situated bas become so valuable Seattle, 163 about, the lowest. The chief cause is to that investigation for some other suitable Strathtay, 163

Uncle Charlie, 183 be found in the enormous increase in place will certainly be welcomed by the Bayfield, 163

Uncle Alf, 162 beet sugar production over the previous shareholders. of two million tons,

The difference between the highest and unanimously. lowest prices recorded "for Java Bugars

the re

No questions were asked, and the pro-

year, such increase being in the vicini posal was put to the meeting and carried Gymp, 162

Mr. CHAU SI Kt proposed that Sir

149

Persian Parrot, 149 Spotted Sand, 149 King Alfred, 148 Golden Chrysanthe

One Mile.

Poppy Leaf, 162 The Wasp, 161 Gimlet, 161 Beauty Dahlia, 159 King Ptolemy, 157 Toomai, 157

Demon Boy, 155 Alcantra, 154 Fern Leaf, 156

Strathailan, 154 Gandie, 153 "A.B., 153

Two Pairs, 152. Solly, 151 -Hailsham, 150

Uncle Tam, 149 King Cannte, 146 Valiant, 145 Langsat, 142.

140

FSEXE HANDICAP A CLASS

One and a Quarter Miles.

Phenomenal Dahlia,

Golden Chrysanthe Spotted Sand, 146

mins 145 King Alfred, 145 Auchcorroch, 145 Wimmera, 144.

in Hongkong during the year was 85.40 Paul Chater, the Hon. Mr. A. O. Lang per picul for Java whites and $5.30 per and Mr. H. P. White be re-elected as picul for Java brown's and as the aver members of the Consulting Committee.

Mr. J. F. WAIGHT seconded, and the age annual melt of our refinery is between 300.000 and 700,000 picula, it will be readily motion was carried.

The CHAIRMAN: The next business is appreciated by you what this continual tall

in the price of the raws means to the election of auditors for the year. On

Mr. Lowe's death, Mr. J. Fleming, of Charcoal, 182ths. our Company.

The downward trend in raw values, as Messrs. Lowe, Bingham & Matthews was Grey Knight, 157 is invariably the ease, reacted. very elected in his stend. This opportunity Loch Rannoch, 182. quickly in the refined markets throughout may be taken to place on record our keen Clover Club, 162. China, and whereas sales were being appreciation of the late Mr. Lowe's assist Curiosity Shop, 149 made from the middle of February to the ance at all times in matters concerning Dictator Dahlia, 148 middle of March on the basis of Shang-our accounts. Mr. Percy Smith bas now Friarsfield, 147 hai $1 per picul, selling limits from that retired from the firm of Messrs. Percy Baraceno, 147

Smith, Seth & Fleming and the accounts Prohibition, 146 time on had to be gradually reduced, hafore you have been partly andited by 35 Tla 3. The perely have already Wears. Peg Smith, Seth, & Planink. to express our thanks to referred to the extremely adverse tradios Mr. Percy gaith for his many services, conditions in China during the past year and to emphasise this point, I would and trust that he may long enjoy his mention that in August, when sudden retirement from active business life.

Mr. Ho Ki proposed the re-election of and quite unprecedented demand arose for our products, business bad to be Messrs. Lowe, Bingham & Matthews and entirely suspended owing to the hostil. Messrs. Porey Smith, Seth & Fleming as ties in the North and the inability of auditors for the current year at remunera dealers to finance their business owing tion of $750 each. to the financial stringeney which follow- ed the outbreak of hostilities.

until in December the rate was as low

also

Mr. Ho Lard seconded, and the motion

Was 'carried.

164.

EBHER HANDICAP

One and a Quarter Miles. Baby Eyes, 165lbs. Duke of Frisco, 166

Strathallan, 151 Magnificent Dahlia, Demon Boy, 135

Gaudie, 453 Uncle Charlie, 163 Poppy Leaf, 162 Uncle All, 162 The Wasp, 161 Beauty Dahlia, 159 Beldorney Star, 157 Fern, Leaf, 155

153

Face Tam, 149 King Canute, 140 Valiant, 145*** Langsat, 152 Jimmy Lad, 141. SECOND DAY." Those present were: Mr. B. D. F. Beith Severe competition has also been ex perienced from Japanese sugar in China (Chairman), the Hon. Sir Paul Chater, Mr.

GREAT METROPOLITAN HANDICAP during the period under review, large HP White, Hon. Mr. A. O. Lang (Con-

One and a Half Mile. contracts having been placed with Chi sulting Committee): Mr. E. B. C. Hornell nese dealers for forward delivery, which (Secretary) Mr. G. M. Shaw (General

Prohibition, 149 in many cases had eventually to be Manager Mr. W. E. L. Shenton (Sol Grey Mern, 170lbs. Spotted Sand, 149

Golden Chrysanthe. liquidated at lower prices. It is impos- citor); and the following shareholders: Chareon), 162,

mum, 148. sible to forecaste with any accuracy, the Messrs. J. F. Wright, Chas Po Min, Gold Leaf, 161

Wimmers, 147 F.. possible tread of sugar values prices for Baptisto, Ho Leung, John Fleming, Chon Grey Knight, 160

Chicago, 159 the raw material have improved recently, Fo Sien, Chnu Su Ki, Ho Ki, R.

E. Rammoch, and a large portio, vd do. Cebat crop Mardong Ho Kwong, A Alves, Clove Cimb, 1155 Besity Dahlia,

been marketed, and our recent mar ket advices from London render it im Aucott. H. Birkett. FM Ellis, Blutting Paper, 153 Beldorney Star, 441 possible to foretell whether there will be M. P. da Graca, J. F. Chose, Ho Shai Ki Curiosity Shop, 153 Duke of Frisco, 140 any less sugar produced in the coming. Hollands, A. A. Lopes, GL Bictator Dahlia, 151 Newtowastewart 138 year or not and consequently the world Piercey, the Rev. Father L. Robert, Mr Saracen, 150

(Ceutiqued at foot of next Column) consumption of sugar will play an im-C Bavard Remédios, and Mr. I. A portant part in the fature trend of prices. Tobias,

143

terest one vote."

of powers proxy beld by them for for separate interests. As an instance, it may be

large busine

absentees

stated that the ow

owner of

in the Settlement is not deprived at the

privilege of

Foting in the affairs of Settlement because for business or

reasons he is called away from Shang hai at the time of the ratepayers' meet ing. The regulations of the Settlement permit that in such cases, Be may b

by proxy

and represented at the meeting this applies to owners of property formerly resident in the. Settlement. whose interests are entrusted to local. agents.

A TRAGIO FRACTICAL JOKE.

A message from Paris says that two women friends' of a farmer named Tixier. Knowing that he was going home on lonely road late at night near Riom, They decided to play a game on him, dressed themselves as men, jumped out of a hedge, and shouted, "Hands up Tixier was carrying a sporting rifle, and, thinking he was being attacked by real bandits, he fired and killed one girls The Magistrate discharged Tixier on the ground that he believed that he was acting, in legitimate self-defence.

HYDE PARK HANDICAP.ÜDe Mile. Poppy Leaf, 170lba. Quab, 148

Jimpy Lad, 148 Mowgli, 180

Scarecrow, 145 King Ptolemy, 164 Demon Boy, 163 Monitor, 141 A.B., 100

Uncle Tom, 138. Hoo Mab, 180- Lumbrie, 1374 Two Pairs, 150

One Milel Gimlet, 141 The Wasp, 139 Beauty Dahlia, "107 Strathallan, 13. Bolly, 1995 Uncle Tam, 125

K1308WOOD HANDICAP King of Hearts,

165lbs. King Emperor, 145 Saraced, 144 Persian Parrot, 143 Auchenreoch, 142 Uncle Charlie, 141

N.B-1 the top weight does not weights to he raised Lilb