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Wcan expply Bearings for all kinds of Machines,
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THE UNITED ASBESTOS ORIENTAL AGENCY, LTD
Tel Central 330
SOLE AGENTS FOR HONGKONG.
"Address: 2, Queen's Buildings
THE HONGKONG DAILY PRESS. THURSDAY. · JUNE firm. 1925
QUEEN'S THEATRE.
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PRESENTS
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IN
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HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.
HEAD OFFICE-ST, GEORGE'S BUILDING, CHATER ROAD, Telephone Central 4581 (Two Lảnes)
CAMMELL LAIRD & Co., LTD. Costrolling THE LEEDS PORUR CO, HEWILAY WEREL ̈ CO, BIK Birkenhead, Shemeld. Nottingham, Birmingham,
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RAILS, SPRINGS; TYRES, AXLES, FILES.
High Speed Tool
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13 PEKING ROATH SHANGHAI,
84
COMPANY MEETING.
INDO-CHINA STEAM NAVIGATION COMPANY. LIMITED.
The forty-fourth ordinary general meeting of the Indo-Chinese Stram Navigation Company, Limited, Wan held at the offices of the getera! managers, Mosers, Jarding Magheson and Company, Limited, Pedder Street." yesterday morning, Mr. D. G. M. Bernard presiding.
Others present
were the Hon. Mr. A. O. Lang, and Mr. IL White (directors), and Messrs. EM Aucott, F. C. Hall, A. Murdoch, NL Railton, W. Galloway, J. Fleming. A. Piercy, B. E Macdougall E, B. C. Fornell, H. Birkett, Ho.. Shai Eit, Ho Kung, Ho Leung, Li Yan Kan, Ho Tung Ying. Fung Hun, Ho Ki and A. M. da Silva (shareholders).
The CRAMIHMAN anid:--Gentlemen, s it is past the time for which "this meet ing was called, I will ask Mr. Auent to read the notice confening the meet ing and also the Auditors Report.
Mr. Aucott having read the quoties convening the acting and the Audi- tors' report.
Hope or Curiosity
curiosity"
I think sometimes the word " is just another name for "hope" You might fancy that it was curiosity that made you smoke your first Kensitas-co, sir, it was really hope, the hope that you would find Kensitas a really good cigarette, better than the kind you had been smoking.
But it is a fact, sir, that after you smoked that first Kensitas and experienced the cool, rare old blend of prime Virginia you continued to smoke Kensitas, because you found that Kensitas are
as good as really good cigarettes can be..
Kensitas
Mat the preferred cigarette
Hanufacturers:
I. WIX & SONS LTD - VA-54 PICCADILLY - LONDON »W,・・ ENG. Wholesale only: DONNELLY & WHYTE, Distributora for Hongkong and South Chisa, 3 QUEEN'S BUILDINGS Telephono: Cenuai dia.
The new steamer Lienahing 2415 grow tons, built by the Hongkong and Wham The CHAIRMAN said:-Gentlemen: pun Dock Co.. for the Shanghai-Tien- The Repors and Statement of Accounts | tsia run, was delivered. by builders have been in your hands for shuus day's exceptionally fine coaster, being fl during the month of May. She is an and with your permission I will, as with the very latest cargo handling! customary, take them as read. Your Direcrar, and huve superior passenger i tors regret that the result of last your's the run. she has become a very popular accommodation. Since being placed on working is again, so unsatisfactory vessel. The conditions with which all Shipping In view of the steady expansion of Companies operating toanage in Far shipping business in the Yangtze River. in which this Company is very largely Eastern Waters have had to contend interested, your Directors considered it daring recent yours have been deplor-necessary to acquire an additional stea able, and the year nailer review has mer to operate on the middle · Yän, ersz·· been no exorption. From January un-between Hankow and Ichang
The or
rates
March there were welcome signs of der for the vessel was placed with the activity in the Charter Trades, and Hongkong and Whampoa Dock Co., and were not altogether unfavourable, it is hoped to have her ready for sentier There was, however, as abundance of about October next. It was also fonad tounnge available, as in addition to the necessary to purchase another fowlat large number of miscellaneous ateamers and six Lighters to act as freders” to- mur usually employed in the Southern Char-‡steamers at Hankow. These boerv ter business, numerous Yowels under cently, bera delivered by builders in Tine Charter to Japatiese Owners, found Shanghai, and are now in caission their way into the Saigon, and Bangkok As regards the Upper Yangtze trade, Trades owing to their inability to find I regret to state we Bar estariennā remunerative employment in their own further trouble with, the Fukan. After waters, as a result of the disastruas being re-conditioned under the superin earthquake in Japan in the latter part tendence of an expert sent out from of 1923
From April onwards Rates Home by the builders, she resumed her began rapidly, to decline, and other con.run between, Ichang and · Chungking. tributary causes to the severe depression | Later in the year, however, the met with in trade which set in about that time mishap by breaking a shaft, which were the poor rien crops in Siam and necessitated her return to Shanghai. Indo-China, and the politicul troubles Stronger shaiting is now being fitted, throughout China The
Civil War, nosi it is hoped she will shortly be in which broke out in North Chine during commission again. the second half of the year, caused A Our new steamer Kinyro also canning) considerable amount of Chinese os ned on the Upper Yangtze, has I am glad Lonnage to come South apparently in to say, proved a decided success, and order to avoid the possible risk of rehas performed excellent service. Coc- quisition by Chinese Military Officials, ditions in the Ichang-Chungking trade and competition in all directions be during the year ander review were more came still more active,
favourable. "It is satisfactory to pete The Bangkok Hongkong berth rate that very little fighting took place on from April onwards remained almost the river itself, and there were fewer stationary at 35 cents per picul inside cases of firing upon steamers, a practice the Ras leading, which is the lowest which has been so prevalent in previous average figure on record since pre-war yours. Your directors regard the de days, whilst the Saigon-Hongkong Rate,velopment of this line as most impor- tant, not only for itself, hut as a feeder the governing factor in arriving at the condition, of Southern Charter basine then ur position they decided to aug- for our other river boats, and to streng- remained during the greater part of the year at a very unremunerative level. falling in November to the ridiculous figure of 8 cents per picul.
This is being constructed by the Kiang ment our tourage by another steamer.
Dan Dock and Engineering Works in Shanghai, who built the Kingen, and the vessel is expected to be completed in
Jenkyn
Ob ta'auble er Lane, Crawford,
Ltd. <
Tabaqueria Fotos:
Graeco-
Thheta E ula. Digit-class Fococconists.
A: 95 cents
per tin of 50
90
THE CORONET
:
TO-DAY TILL SUNDAY, JUNE 11th-14th
2.30
P., 5.15
AT
דיי
p.m., 7.15 P.M. & 9,30 p.m.
MARIE PREVOST,
MONTE BLUE
&
AN ALL STAR: CAST
3
"THE LOVER OF CAMILLE"
FROM
SACHA GUITRY'S MASTERPIECE "DEBURAU"
"DEBURAU HAS HELD AUDIENCES. IN LONDON, PARIS AND NEW YORK SPELLBOUND AND THE FILM WITH ITS WIDER SCOPE HAS AN EVEN GREATER ATTRACTION.
A return to C. B. WARREN & CO., LTD.,
in
In one or
SANITARY ENGINEERS
A depressed condition. Prosperity, as you must well realize, at the continual civil commotion depends very largely on a final cessation China, the prospects of which unfortu nately appear to be remote. two instances our operating costs for BEAD OFFICE the reduction, and with the anticipated con
current year are likely to show a
our competitors already referred to, iz clusion of satisfactory agreements with is hoped our results for 62 will be more favourable.
I cow beg to propose the following resolution:
"That the Report and Statement. of Accounts as presented, including the transfer of £17,706.12.11 from Lavent- ment Fluctuation Reserve Account and £161,000, from Contingency Ac count to Revenue Account be adopted, and that the sum of £44.13.7 be car- ried forward to next year's account." As soon as this Resolution has been seconded I shall be pleased to reply to the best of my ability to any questions which shareholders desire to aak.
4.14
CHINA BUILDING &"SHOWROOM (FACIN@QUEEN'STRELTAC)
Txx. C. 260.
HONGKONG,
Modern Sanitary Earthenware and
Bathroom Fittings. Domestic Boilers and Radiators. Hand and Electrically Driven Pumps.
Instantaneous and Automatic
Gas Water Heaters. Tiles of every Description
€29
OCEAN ACCIDENT AND GUARANTEE CORPORATION,
LIMITED."
Under these conditions it will be readi is understood that the supply of tor-July, nage was greatly in exers of the de I am glad to be able to state that
BCBENESS MATTERS. mand, the conséquence, being an intr no casualty of a serious nature occurred sion of outside steamers into several of during the year under review, and our
Mr. H. Birkett: beg to second our regular berth trades, and, in co-thanks are due to the Staff, both asborr the Resolution. operation with other friendly Com and albath for willing and valuable
The CHAIRMAN:-AS there ara.
20 THE panies, it was unfortunately necessary services rendered:
questions, I will put the. resolution, at times to reduce our tariff rates i It is with regret that your directors which has been proposed by myself and against these competitors to an unpro have to record the death of the Hon.conded by Mr. Birkett to the meeting. fitable scule in order to malataja our Mr. A. R. Lowe, who has filled the poni-
Carried unanimously, position in the regular trades,
tion as auditor to the company for some
The CHAIRMAN:-The next business, Although there was fair movement
years past.
Also of Captain F. T. Gentlemen, is "the, re-election, of Direc of cargo in North China during the Wheeler, the company's late Marin tors. early months of the year, excessive cum benefit of Mr. Lowe's advice, in connec
Superintendent at Hongkong. Thr Mr. F. C. HALL:- beg to propose petition was experienced with
the re-election of the flos. Mr. A. sequent depression of rates in nearly tion with the accounts has always been O. Lang and Mr. A., H. White as diree- every direction. The tea political very keenly appreciated. Captain Whee- tors situation towards the end of Augustfully for a period of 3 years and show-that.
ler served the Company well and faith- Mr. Ho Kwore:-1 beg to accoud which led to the outbreak of hostiliti betweeen the Provinces of Kiangsu and darked ability in the performance Carried unanimously. Chekiang, and subsequent war between to which post he was appointed in 1919. Gentlemen, is the re-election of nudi- of bis duties na Marine Superintendent, The CHAIRMAN:- The next business, the larger factions in the North, mater I feel sure you would wish to express tors. ially affected the usual Autumn demand to the relatives of these gentlemon, Every effort was axle, however, to whose loss is much deplored, the com- the re-election maintain, and where possible to ir grease, the level of rates current during pany's deep sympathy with them in their, and Mr. A. Ritchie as auditors for the the previous year
bereavement.
year 1925, at a remuneration of $5,000.00. Turning to the statement of accounts) Mr. Mr. GALLOWAY:-I beg to second
that,"
con
.
Mr. Leuron-I beg to propose of Mr. John Fleting
Ia some directions this Agreements concluded "last year with competitors in our regular trades, which matter I re ferred to our far Annual Meeting have borue good results, and others, are still under liscussion. These negotia Securities have been sold during the tions are of an important nature, and year to defray the cost of new tonnage it is hoped a satisfactory settlement will and to pay for current expenses. The The list of the Company's fleet of sten be reached in the near future,
proft on the sale of these investments; mers on December 31st, 1924, were 13 With regard to the question of ton amounted to 17,705.12.11, and has been under- uage, your Directors took advantage of transferred from investment Buctuation Esang (1,783 tona), Wosong (1,783), The sum of Loksang (1,500), Tuksang (1,609), Kutwo a. favourable opportunity to dispose reserve to revenue, account. of two the Company's old steamers, the £191,000 has also berri transferred (2,068), Ulanguo (1,008), Kingsiny Tainay and Wingsang which had be from contingency account to revenas (1,083), Chunsong (2,255), Suiwo (2,679, come unsuitable for the requirements of account, leaving a balance of £844.13.7, Zaitung (3,450), Kiangwa (2,200), Hop- our business. They were sold at prices which it is proposed to carry forward..jang (4,149), Hangiang (2,143), Mamsung which showed a fair proft on their booki The lonaca during the last three years, (4,035), Kwongeany (2,293), Tungaling FBIRCH,
have been very large, and as there ja (1,800), Waishing (1,966), Foothing Reference is wide in the Report to
go indication that we have yet come! (2,294), Yatshing (2,284), Tuchwo (3,770), the purchase of the 8.8. Barrymore now tora considered it, would be wiser not Chipshing (1,084), Loongwa (3,923), to an end of our bad times your dires- Fooksang (3,100), Cheongthing (1,989), renamed Auming of 5,447 gross tons to declare a dividend on the preferred insang (2,020), Yuang (1,844), Tang built in 1929. This vessel arrived from ordinary shares, and a note that this wo (1,2), Kwaitong (2,330), Chaksang England in November last, and after is a liability of the company appears (2,388), Fausang (2266), Lecsong (1,ess), undergoing necessary alterations to Et in the balance-sheet. her for the Calcutta Line" requirements, I trust meet with your approval.
Their action will ingann (1,850), Mautang (3,378), commenced bar regular employinent
| Kungwa (4,638), Tinggang (2,200), Ping- With regard to the future, gentlemen, wo (2,671), Hosang" (5,016), Kutsang theroon in January last, and has no I can only say that competition is atifi (3847), Fahwo (803), Kingwo (6,17), fac proved an ecellent addition to the very keen, rates of freight remain at a Burong (3,229), Yuensang (3,999), Company's Fleet.
low level, and basiness generally is in Zionshing (8,410), Eumiang (DAT).
you will notice that building reserve account has been increased by £12,363.7.9, Carried unanimously. whcih represents the gain on the book The CHAIRMAN:-That concluded the values on the sale of the Taiming and business of the meeting, gentlemen. I Wingsang already mentioned. ̈ ́
thank you for your attendance."
SIPA
Issue Policies Covering ACCIDENT AND ILLNESS MOTOR CAR AND CYCLES BAGGAGE (ALL RISKS) PUBLIC LIABILITY.
(GENERAL THIRD PARTY BURGLARY. ETC.
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