1926-02-17 — Page 3

Page

THE HONGKONG DAILY PRESS, WEDNESDAY, FEBRUARY 17TH, 1926

THE UNITED ASBESTOS ORIENTAL AGENGY, LTD.

Tel' Gentral 236

SOLE "AGENTS FOR

"PUDLO"

Makes Cement Waterproof

FEUSOL"

The Immovable Firs Cement

2, Queen's Buildings,

89

ANCHOR BRAND

MANILA ROPE.

PURE

-THE CORDAGE YOU CAN TRUST.”

MARINE BUPE

TRANSMISSION

OF POWER ROPE

CABLE LAID

HAWBERS

WELL DEILLING

CABLES,

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

ROFES OF ALL SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA HEMP

MANUFACTURED

BY THE MOST MODERN MACHINERY.

MANILA

HONGKONG OFFICE:

STOCKS ON HAND OF ALL SIZES ENQUIRIES. SOLICITED.:

FACTORIES-MANILA, PL

KING'S BUILDING. TELEPHONE CENTRAL $165.

ARE YOU PREPARED?

Cooking-heating for the rooms; hot water-

for the baths, etc.;~~

Ön these three things depend all the necessities

and comforts of the home.

Those who still depend on coal-fires, with all the necessary labour, are giving hostages to fortune.

41

Gas abolishes all the dirt and discomfort attach- ed to coal, and all the discomfort and risks to labour.

INSTAL GAS NOW

AND

ENSURE YOUR COMFORT.

A.P.B.

THEATRE ROYAL.

March 2nd, 3rd, 4th, 5th & 6th.

HONGKONG A.D.C.'S GREAT PRODUCTION

IF

See the beautiful Harem and Dancers. LISTEN TO THE MINSTRELS. SEE THE WONDERFUL CONJURORS,

BOOKING NOW OPEN AT ANDERSON'S.

Prices

$3, 82 & 81.

COMPANY- MEETING.~

HONGKONG, CANTON AND MACAO STEAMBOAT CO., LTD.

EFFECTS OF THE BOYCOTT,

HONGKONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

TO-DAY

Faanuar 18, 1928. ...$1,045 buy.

ONLY.

Hongkong Bank.....

D. London...£127 nam Chartered Bank.

The 106th ordinary" meeting of share, holders in the Hongkong, Canton and Macao Steamboat Company, Limited, was held yesterday morning at the Company's Ofice, No. 4, Des Voeux Road Central The Hon. Mr. P. H. Holyoak presided, and there were present: Hon. Mr. A. O. Lang, Messrs. W. E. Clarke, T. G. Weall, J. M. Alves, H. Staples Smith, R. M. Austin (Directors), Mr. John Arnold (Secretary) and the following share- bolders: Messrs. George S. Zimmern, Shell Ta

*THE 160*****

nom.

Marsantile Bank, A. & B................£29) nom.

Do P. & D. Bank......

O...... 18 nom.

East Asia Bank.... Canton Insurance

$585 an China Underwriters North China Insurance mulla. 163 xom. Union Insurace.............. 261 buy. Yangtase IngaTATION

$93 bay. China Fire Insurance .$165 buy Hongkong Fire Insuratio....$500 buy.

10. & M. Stammboats ..... §49. sol. Hongkong Tagu..... Indo-Chines (Pret.)

Da.

Transporta Star Ferries...je

(Def.),

пом.

$50 aḍl. -

93/6 buy.

152 buy. &."

18 bay.

nom.

324 bay.

39 acl

$11 nom.

T. 23 bay.

Ta. 12 noza

Ms.

+4-nom

S. H. Michael, L. S. Greenhill, Cheng Waterbosta.............

$250 Owen Oriental Navigations ma Ching Po, S. Danenberg, J.

China Sugars Hughes, Paul Lauder and G. E. Towns Malabon Sugars

The CHAIRMAN said: The Directors Kalan Mining Ad.

Bangusta............ Report and Auditors' Statements having Langista (combined)

(single) been in your hands for some days I pro- Skaughai Explorations. pose with your consent to follow the Bhanghai Losus,

Baube usual custom of taking them as read.

For obvious reasons, gentlemen, you will, I am sure, realise that it is difficult and indeed would be unwise for me to dwell at length on the incidents of the past seven months, which are common

Tranph Mines. Ural Caspiana. EK & K Wharfa.. R.K.&W. Docks, Hongkow........ New Engineerings.. Shanghai Dosks.. H.K. & S. Hotels

Hongkong Realtys (o.p.)

Prince's Suilding........ Humphreys Estates... Rural Lands Ewe Cotton Orientale Bhanghai Cottons (old)

Do. Amusementa

& nom.

TL. 7 nom. Tis

3 bay.

55/, BOM. „B/- nom. $123 buye

52 bar Tla, 165. bay.

Th. 7 Don.

T: 108 sel

UEEN CINEMA

QUE

SUPER

TO-DAY

ONLY.

THE GREATEST LAUGHTER MAKER EVER SHOWN IN THE COLONY

SYD CHAPLIN

AS

"CHARLEY'S AUNT"

ALL RECORDS SMASHED.

TO-MORROW

For 3 Days Only.

LARRY SEMON ́

אן •

WIZARD OF. OZ " USUAL TIMES AND PRICES.

THE

„$7,60 buy. 7) és

$61, bay, 50 sa.

..$5 nom,

30 bay.

..$18 nom

T. 9

sel

bay,

Tls. 3 KEL

Tila. 35 sel

(дет

Tis. 27 mol.

$11 buy.

Sid not.

$is noma.

$2 nom.

Tls, 10) buy.

knowledge to you all. Under all the cirHongkong Lands cumstances the balance sheet may be ER.Territorials (f.p.). considered satisfactory. For the first six months of the year, our trading results compared very favorably with the aver. nge Agures of preceeding years, and given | normal times we feel certain we could have set. before you a good balance sheet. The year has been marked by the strike in June and the subsequent boycott of British shipping in South China. Our Macao service was suspended from 15th June to 27th July when one boat was put on the run. Less than a month later, the 2nd August, the full service to Macao was resumed.

EXPECTATIONS OF FINANCIAL SUPPORT FROM

THE GOVERNMENT,

Canton less Cements (combined)

Do. (old) Do. (now) China Buses

$14 bay Chins Lights (combined)

Do. (old) ...$10 bay, 11 sel. Do..

(new): 3d buy China Providents.............. nom. Constructions ...........$3.10 buy,

$15 buy. Dairy Farms................ Der A. Wing (f.p.) ................

$10 nom. $51) Bay. Hongkong restric Macao Electrics H.K. Developmenta ........... HK. Ropes (combined). Do (old) Do. (now) Hongkong Tramways

Lane Crawfords. Mackintoshs.. Feat Trams (old).

Do (new) (e.p. Sinceres... Taxis

25 eta, bay, $40 sel

$1St Dom

,881 nom. ..9A4 bay.

.812 sel .821 nom

817 buy. $11 BOL

In September, at the request of the Authorities, and in consultation with the Government, the Honam reopened the Canton sailing, and we have maintained our Canton sailings continuously ever since. It was obvious that the boats could not earn a profit, but it was felt by your Directors that it was in the in- terests of all to, maintain communication with Shameen and Canton and our flag. upon the river. I have reason to believe United Asbestos. Watsons (old) ..... that we shall receive financial support

· Do. (now) ..........................$12 sel. from the Government in meeting the low. Powell

$10 al.; which has been involved in giving vital Telephone****

$34 buy. and essential service, which is not likely

buybuyers; sel-seller gales ; to be forgotten by our loyal supporters,

nem-nominal. Chinese as well as foreign, when times are once more normal and our fleet is in full operation...

TRIBUTE TO FLOATLO STAFF.

It is fitting here that I should record the high appreciation of your Directors of the services of the float ing staff under especially the trying conditions which, have prevailed, and may say that on restarting the Canton service with the Honum and when satis factory insurance on the lives of the officers and crew bad not yet been com- pleted, to a man, from Captain down- wards, the officers volunteered to sail without.

THE NEW STEAMBOAT.

$ssel. $20 nom.

$12 sol.

hope that before very long, the present unfortunate disagreements between here and Canton, which for many months now have disturbed our former happy rela- tiens, will pass away and mutual trade once more resume its sway between the two ports without which neither can hope to satisfactorily develop the great trading opportunities. which await us both with the return of settled and peaceful conditions.

*

LATE MR. CHAU 810 EL

115

It would be ill-fitting for me to sit down without referring to the tragical death of our esteemed friend and colleague, Mr. Our feet has been added to since last Chau Siu Ki, whose untimely end dis we met by the new Taishan which pro-tressed us all, and indeed the whole mises to be we most popular boat on the Colony. He was a most regular attend. river, as she will unquestionably be the sat at our Board meetings and we were most beautiful and best equipped. She profoundly impressed with his sagacity. is being worked in temporarily on, and wide knowledge in handling the many the Macão run and we hope the general problems which arise during the course public will take the opportunity of visit-of the year in handling such a Company. ing Macao whilst they can do ao ander as this. To his surviving family I ten- the comfortable, not to say luxurious der, on behalf of us all, our sincerest conditions which this vessel affords. She sympathy in their great bereavement. re-placed our old friend the Honam To many of us gathered in this room be which, after 43 years' very faithful ser-was an intimate personal friend whom we vice, was sold for breaking up purposes could ill afford to lose, and shall mourn last December. Her passing removes for many a day one of the oldest "landmarks" on the river, and, to the end, her machinery and engines were a tribute to the integrity and superiority of British engineering and shipbuilding.

THE ACCOUNTS.

I do not think I can usefully add more to what I have already said, gentlemen, and I now formally propose the adoption of the Report and Accounts as presented and after the motion has been seconded, shall be pleased to answer any enquiries you may desire to put to me to the best of my ability.

"SECONDER'S SPEECH.

Turning how to the accounts, your Directors have transferred the sum of 860,000 from depreciation fund which added to the net profits for the year, and Mr. S. GREENHILL, in seconding, the amount, brought forward from last said It gives me much pleasure to second year of $30,078.97, makes C total of the adoption of, the Report and Accounts 8108,246.82, which your Directors recom- as presented. mend be dealt with as follows- To write off book value of

stearmers

*****.........$60,500.00 comments. To write off book value of

wharves

To write off book value of

office furniture

Making a total of

After the interesting speech of the Chairman, I think it quite unnecessary for me to make any other. Considering the conditions which have ruled during the last six months of our working year, I think, alt 20,350.00

shareholders will join me in voicing our 2,937.25 appreciation of the very satisfactory work done by our Directors, our staff afont 888,767.25 and on shore under more than normally. trying conditions. With these few words I beg to second the adoption of the Beport, and Accounts as presented.

There were no questions and the report and accounts were unanimously adopted. DIRECTORS RE-ELECTED.

and carrying forward to the New Profit!

and Loss Account a sum of $18,459.57..

NO DIVIDEND THIS YEAR. We regret that owing to the present financial position of the Company, the

On the proposition of Mr. ZIMMERN prevailing tightness of the money market coupled with the inadvisability of realis seconded by Mr. MICHAEL, the Hon. Mr. ing the Company's holdings in local stocks A Lang and Mr. B. M. Austin were at their present low level, which will co-elected directors. doubtless commend itself to you, since On the proposition of Mr. J. OWEN- they are first-class investments, they are HUGHES, seconded by Mr. G. E. Towns, unable to recommend the payment of any Mr. J. M. Alves and Mr. R. M.-Austin, dividend this year. Our fleet has been retiring directors, were re-elected, further written down during the year and Mesera Linstead & Davies, and Messrs. has, as usual, been maintained in good Lowe, Bingham & Matthews were re order and condition. It is futile,, gentle elected auditors at a fee of $1,000 each. men, to speak of the future, and I can This was proposed by Me ZIMMERE only close with the expression of sincera soconded by Mr. CHỒNG CHING Po, and

(Continued on next column.) carried unanimously.

WE SELL ---

INVESTMENT 8

WE HUY-

Rubber Shares.

Small and Large Lots of Local and Rubber Small and Large Lots of Sound Local and

Shares of interest to Our Clients, HONGKONG SMALL INVESTORS SHAKE & REAL ESTATE CO.

FLATE, HOUSES DEPOSED OF OR ACQUIRED FOR CLIENTE.

10, Des Tox Band.

Tala 4830

(125

When buying Toilet requisites and articles for personal use, one wishes to be very sure that they are of the highest quality and of undoubted purity and freshness.

THE QUEEN'S DISPENSARY.

The new Store, with the high Ideal, guarantees these qualities to all who make their pur- chases there, and in addition a courteous and obliging service.

TEL. CENTRAL 492.

A.P.B.

SOUTH CHINA KNITTING FACTORY.

Owing to the rapidly increasing demand for our

HIGH

GRADE COTTON SOCKS.

We have recently installed the latest machinery, making it the

MOST MODERN KNITTING FACTORY IN HONGKONG.

We can now cope with the largest orders in the shortest time, and invite enquiries from Wholesale and Export. Firms who are interested in a class of Cotton Socks which have rapidly acquired a wide reputation throughout the Far East and India for Quality and Dependability,

Ofee and Factory: MONGKOK, KOWLOON. EXL. K598 Cable Addres SOUCHIKHIT. HONGKONG, -

·A.P.B

THE NAVY'S CHOICE

Coates

ORIGINAD

PLYMOUTH GIN

OBTAINABLE EVERYWHTRE.

[104

193

104

EXCHANGE RATES,

Oslo

23.38

[BRITISH WIRELESS, SERVICE. ]

Vienna

34.57

Prague

£64

BUGBY, February 15th. To-day's exchange rates are as follow:

1324 1 Paris

New York Geneva Amsterdam Milan Berlin Stockholm

Helsingfors

Madrid

34.55

Lisbon

4863-18

Buenos Aires

·48

Bombay

1/63-18

2/08

120

Hongkong

2/4)

90,43

Yokohama

1/10

18.18

Silver (spot)

30.13-16

Copenhagen

18.77

Silver (forward)

30.13-16

25.25.--- 12.134

Shanghai