Page
tr
"DECOLITE
FIRE-RESISTING FLOORING
(Awarded Gold Medal Franco-British Exhibition)
JOINTLESS. HYGIENIC & NON-SLIPPING
Laid by Our Own Workmen on
STEEL, WOOD OR CONCRETE.
THE
THE UNITED ASBESTOS ORIENTAL AĠENCY, LTD.
Tel, Central 238.
2; Queen's Buildings,
ANCHOR BRAND PURE MANILA ROPE.
"THE CORDAGE YOU CAN TRUST.”
MARINE ROPE
TRANSMISSION
ÖF POWER ROFE
CABLE LAID
HAWSERS
WELL DRILLING
CABLES
ESTABLISHED 1854
YNCHAUST
ROPE
FACTORY
MANILA
STOCKS ON HAND OF ALL SIZES
Alogs
RUPES OF ALL SIZES FOR ALL PURPOSES
MADE FROM
PURE MANILA
HEMP
"#
MANUFACTURED
BY THE MOST MODERN MACHINERY.
ENQUIRIES SOLICITED!
HONGKONG OFFICE:
FACTORIESMANILA, P.J
KING'S RUILDING. CENTRAL 31GO. TELEPHONE
If its Heating, Lighting or Cooking
GAS IS SUPREME.
use
#
The of Gas means that every constituent of the raw material-Coal-has been completely its manufacture" before reaching utilised in
the consumer.
Therefore the use of Gas ensures
Economy of Labour Elimination of Smoke and Dirt Promotion of Cleanliness & Health Reduction of Fire Risks."
Full particulars of Gas Fittings for every pur- pose can be obtained at the Show Rooms of the HONGKONG & CHINA GAS Co., Ltd. 26, Des Voeux Road Central and West Point.
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.
L
Office and Factory HONGKOK, KOWLOON. TIL. Köse
BÖUCHIKNIT, HONGKONG. Unble Akdrom:
[104
A.P.B.
HONGKONG · DAILY PRESS, SATURDAY, MARCH: 131H,
COMPANY MEETING, HONGKONG ELECTRIC CO., LTD.
PROGRESS DESPITE DISTURBED INDUSTRIAL CONDITIONS.
HONGKONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
Hongkong Bank
Do London
MATCH 12T, 1976. $1,040 bay. .£128 nom.
The thirty-seventh ordinary general Chartered Bank............... nom.
| Mercantile Bank, A. & B.........£20 buy. meeting of the Hongkong Electric Co..
Do.. Limited, was hell at the Company's P.&O. Bank..........
East Asia Bank. Offices, P. & Q. Building, yesterday at
Canton Insurance..........
11 am, for the purpose of presenting the Chiss Underwriters.....
Insurance
......IS buy. ....£tgom
..875
buy. 3605 buy. *$1.00/1.95 on: ÜLA, 145 nomL.
Report of the Directors together with a fork Ohina Insarsace es buy. 285 sa
Statement of Accounts to December 31st,
1925.
The Hon. Mr. A. O. Lang (Chairman) presided and there were also present- The Hon. Sir C. F. Chater, C.SI.G., LL.D., Mr. D. 6. M. Bernard, Sir Robert Ho Tung. Kt., and Mr. T. (1, Weall (Directors), Mr. F. R. Marsh,, M.I.E.E. (Manager). Messrs. A. H. Compran," T. E Pearce George W. Sellars, P. E. Barker, La Chung Kue Wong Ping Sun, Chun Lim Foo, V. Sorby, Leung Yan Po. Henry Humphreys (attorney for Mrs. Dora Armstrong), H. Ruttonjce, Leung Fattin. Ip Fook, Tong Hin Pong. LE Ozorio. O Baptista, C. K.C. C. F. Ribeiro, Wong Hing Kwong, LJ. Davies, J.. T. Bagram, and G. Murray.
Insuranod
24-
Hofi bay.
$185 bar,
China Fire Insurance .... Hongkong Fire Insurance ...8553 buy, Douglass...............
$50 DOM
HF., U. & K.. Steamboata ....... Honghong Tags. Indo-Chinas (Prof.)
buy.
*་ཝཾ་་་***།
$40 nom. ..90/3 I bay.
..15 buy.
$350 DOC.
buy., s.
(Del.), Bell
Transporta Star Ferries....... Waterbontu. Oriental Navigation ........... China Bugar Malabon Bugare .... Raining Ad... Langkat (combined)
(single)
plorations.. Loans
Bah.......
G Alabaster. | Tranoh Mine
CHAIRMAN'S SPEECH. The Manager having read the notice convening the meeting.
Ural Caspians
HK. & K. Wharts.. H.K. & W. Docks Hangke........... New Engineering.. Shanghai Docks,
H.K. & N. Hotels. Hongkong Lands Hongkong
(l.p.)..
The CHAIRMAN said: Gentlemen, The "Report and Statement of Accounts have been in your hands for the prescribed | H.Kaltys (o.p.). period and with your permission we will follow the usual procedure and take them
as read.
of
The nett profit for the year after making due allowance for depreciation i
and with the sum $1,300,063.19 8124.153.84 brought forward, from last account we have 81.431.118.76 for appro- priation.
Humphreys Estates. Prince's buildings. Bural Lands Ewo Cottons Oriental
Shanghai Cottons (oki)
Do. Amusements Caston lces
ד'
139 nom. $1; nom.
TE
28 bus... Tis. 11 buy Tis, 5 sel
Tha. 7 som
$5 buy
..8/. Dom.
3131 buy, 182/24 s.
..$611 buy.
(71, 170 buy.
Tis. 5 bay.
TL 98
$10.10
buy.
(164) bay., 65 ra..
154 bay:, & x5..
.851 vel.
1st bay.
37 noro. Tia. 9.55 boy. Tls. 8 nom Tis. 54 boy.
Tls. 28 buy. $11 buy.
..$7 nom ..$tot bay. ...319) bur...
$3 buy buy
Dru
China Light (combined) 211 buy, 814,91.40 rs.
Cements (combined).
With this sum we propose : --- To pay a dividend of 22.50 per share en 300,000 shares ab- sorbing in
Do.
(old)
Dc..
China Basta...
8750,000.00 $600,000.00
Do.. · (Dew).
$54,115.70
China Providents Constractions
Wing
[[-p.)
To place to reserve "....
To carry forward to next
Arenunt
The dividend and the amount placed to reserve are the same as for last year.
Wo
Do.. (old):
Dairy Farmonas
The sales of current in 1995 amounted | Der A
1005
Do.
Ropes (combined)
(old) Do.. (now) Hongkong Tramways. Lene Orawfords.. Mackintosha.... Peak Trams (old)
Do. (new) (a.p.). Sincares.......
to a little over 23 million units as com Hongkong Electrics.
104. Macao Electrics pared with 23 million unita in This output is below our estimate, die. Developments
R.K. to the disturbed industrial conditions pre- vailing during the second half of the year. We were able, however, to connect up during the year 1,142 new consumers, so that with the return to normal times may confidently expect a further in- erease in the demand for electricity.
The capital expenditure amounted to $850,905 and you will notice that the greater part of this was spent on mains and substation plant.
During the year we laid over 26 miles of underground cable and equipped five additional high tension sub-stations.
We have extended our sub-stations by the purchase of No. 8, Wing Kut Street, where the building has been reconstruct- ed, and, at Pekfulam, where we are erect ing a new building tipon land leased from the Mission Etrangeres. Bath these sub-
*ན། མས *ས
******
$15 bay
'mon *
$20 sa
$10 nom. „$81) buy. 03 sh
$40 nom.
25 eta. nom.
$30 søl
$12 nom
$7 DOW
$25 buy, 25/26) sam
1บ Buy
#211 cm.
·SIDE buy.
United Asbestos ......
$20 nom. Watsons (old} .... Do.. (new)
$11 wel.. Wa Powells
$10 nom. Telephone....................... 31 day Singapore 'Fractions ... Be)..
buy-buyers; sel-sellers; 14-anken;
nom-ominai.
1926
UEEN'S CINEMA
QU
SUPER
TO-DAY
REGINALD DENNY
IN
"WHERE WAS I"
MORE
OH,
LAUGHS THAN
DOCTOR"
MORE SPEED
THAN
I'LL SHOW YOU THE TOWN."
STAR
5.30 P.M.
ANITA STEWART in "THE INVISIBLE
FEAR.
"
9.15 P.M.
XENIA MAKLETZOVA in CLASSICAL
and CHARACTER DANCES.
WORLD
ELAINE HAMMERSTEIN
IN
"RUPERT OF
HENTZAU."
STAR THEATRE
TO-NIGHT and TO-MORROW. March 13th and 14th, at 9.15 pm. only.
MLLE, XENIA
MAKLETZOVA
OF THE
THE FAMOUS PRIMA BALLERINA
METROPOLITAN THEATRE, NEW YORK,
AND, HER PARTNER
M. D.. BINES
SUPPORTED BY OTHER ARTISTS.
BOOKING AT MOUTRIE'S AND STAR.
Prices
~
stations will be equipped during the pre; he adopted. When this has been seconded Union InsurancOS sent year. We have also purchased a site I shall be pleased to answer to the best Malakoffs
questions you may Steamboat on the main road at Shaukiwan and ten-of my ability any ders have been accepted for the sub-desire to ask. station building which will be put in band in the near future.
Good progress was made with the scheme for housing the Company's tech nical staff and at the end of the year the thirteen houses at Causeway Hill were nearing completion.
Our plant at North Point bas been thoroughly overhauled during the year. We have fitted the two original turbines with a more modern system of condensing plant in place of the older pattern now out of date. A new boiler was put into commission in March and this addition fills up all the available plant space in the generating atation buildings Several minor improvements have been made in our bailer house plant from which we expect increased economy.
We have installed a private automatic telephone system connecting our offices, workshops and most of our sub-stations, and this has proved to be a great con- venience.
SECONDER'S SPEECH,
Mr. A. H. COMPTON, seconding, said:- Mr. Chairman and Gentlemen,- Eave much pleasure in seconding the adoption of the Report and Statement of Accounts and in doing so I should like most parti- cularly to congratulate the Directors and the Company's Agents upon the very excellent result of the year's working, notwithstanding the great labour diff- culties that the Company has had to face during the period under review.
The appropriation of six lakhs to reserve and the payment of a dividend similar to that for last year will, I feel rain, meet with the approval of all shareholders.
Watsons" Ferries
$3, 82 81.
INVESTMENTS.
WE BUY-
¡P. & O. Banka
New Cementa Electrics
Providents
Wharves
Maks Pindaa Lane, Crawfords
Constructions
Telephones
í Developments
WE SELL :-
No Lot Too Small No Lot Too Large,
Taxin Malakoffs
Lanaa
Baube
Jeratha
HONGKONG SMALL INVESTORS SHARE & REAL STATE CO.
10. Des Voeux Road.
TEL. 4530.
THE NAVY'S CHOICE
Coafer
ORIGINAD
PLYMOUTH GIN
OBTAINABLE EVERYWHERE."
EXCHANGE RATES.
COMPANY. REPORTS.
I am glad to notice that, although the output for 1925 did not quite come up to the estimate, there was a substantial increase over the sales of current in 1924. It is also gratifying to learn that, in our spite of the disturbed industrial con- During the strike over 650, of Chinese workmen left without notice. We ditions, the number of our consumers has have, however, a competent European actually increased during the year. staff and with the assistance of our local We have all listened with interest to THE MERCANTILE BANK OF INDIA,
LIMITED. staff and those Chinese who remained the account of the new works carried out loyal we were able to maintain a normal during 1923. It has always been the supply of electricity. Great credit is due policy of the Directors to maintain our The local branch of the Mercantile to our European staff for the successful plant in an up-to-date condition and to Bank of India, Ltd.. have received a maintenance of the supply during a try extend our installation to meet present telegrari from their London Offer Advis ing period and for the rapid training of and future demands, and I feel certaining that at the annual general meeting new workmen to take the place of those that a continuation of this policy will of shareholders a final dividend of 8 per "B," and "C" shares who left and have not, returned to our at all times have the whole-hearted sup- cent, on the A,"
will be declared (taking 16 per cent, service, and I take this opportunity of port of the shareholders
The maintenance of a normal supply for the year 1925 less income tax) that! placing on record the Directors' apprecia- i
Reserve Fund tion of their ability to cope with an of electricity during the trying days of £50,000 be carried to
the strike, when the greater portion of (raising it to £1,350,000) and that emergency of this nature.
After the strike in 1022 we decided as our Chinese workmen left us, without £182,000 be carried forward. far as possible to install labour-saving de notice, is an achievement of which our coupured with last year vices in connection with our North Point "European Staff, and those associated with dividend and amount carried to reserve The amount carried for- plant, and these improvements together them may well be proud, and all will are the same. with our modern system of distributing agree that the greatest credit is due to ward last year was £158,000. from sub-stations were of great help to them.
us during the labour troubles of last year, With these few remarks I beg, Bir, to I should like to draw your attention second the adoption of the Rapors and to the 1926 edition of our book contain-Statement of Accounts as presented. ing. particulars of the supply and scale The Report and Accounts were adopted of charges, etc, copies of which" you wil, | unanimously. find on your chairs.
..
OTHER BUSINESS.
HONGKONG FIRE" INSURANCE CO. LTD.
[1,25
[IMITIRA WIRELESS SERVICE]
410
RuOBY, March 11th.
To-day's exchange rates are as follow:
Paris
133.90
Brussels
107
Amsterdam Berlin ... Copenhagen
12.13
20.42
18.67.
Vienna
34.6
Helsingfors
193
the
Lisbon Buenos Aires Shanghai Yokohama New York
2
ཆ་ ་
3/01
1/10.6/16
4.881
Genera
£5.25
Milan
121
⚫ Stockholm
12.12
Oslo
22.37
Prague
184
Madrid
34.49
71
..1761
2/32- 30 30.7/16
We are officially informed that the General Managers and Consulting Com inittee of the Hongkong Fire Insurance. The book has been brought up to date
E.Co., Ltd., will recommend at the forth- On the proposition of Mr. T and is now printed in English and Chinese. You will notice that we sell Pancz, seconded by Mr. HENRY Hus. coming meeting of shareholders to be current for lighting.from 18 cents to 8.6 PREYS, the appointment of Mr. D. G. M. held on the 28th inst., the payment hut cents per unit depending upon the amount Bernard "to the vacant seat on the of the profits for the year 1924 of a Bir dividend of $38 per share absorbing Directorate was confirmed; and consumed, and that in addition we give a cush discount on any lighting accounts Robert Ho Tung, Kt. and Ir. T. G8204,000; to pass $100,000 to credit of of $15 or over provided these are paid Weall were re-elected to the Directorate Reserve Fund" and £15,447.7, at ex- change 2/42-8130,856.00, to credit of within a stated time. Several other modi- of the Company.
forward fications have been made in our charges Messrs. Linstead and Davis were re Reinsurance, Fund, carrying
of 800,782.41 in respect of the year 1925. and these I feel certain our consumers elected auditors at remuneration will appreciate
$1,000, on the proposition of Mr. L. J.
A. S. WATSON & CO., LTD. DAVIES, seconded by Mr. G. W. SELLARS.
The profit for the twelve months eriding 31st October, 1025, amounts to $105,702.37, (Continued on next column)
There is nothing further that calls for comment and I now beg to propose that the report and statement of accounts for the year ended 31st December, 1925, (Continued on next Column.)
The CHAIRMAN: That is all the busi- ness of the meeting, gentlemen, and I thank-you-for your attendance Divi- dend warrants are now ready.
Rio
Bombay Hongkong?
Silver (forward) Silver (spot),
which together with the carry forward of ⠀ 848,2.33 from the previous years leaves $155,120.23 available for appropriation.
The Directors will recommend at the forthcoming annual meeting of, share. bolders that this suma be allocated an follows:-Pay
dividend of 70 cents per share on 90,000 shares'; pay a dividend of 524 cents per share on 30,000 shares of the new issue; place to contingebey carry forward account. 890,000, and 956,070.23.
No comments yet.
Private notes are available after approval.