1926-03-18 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel' Centrai 236 2

SOLE AGENTS FOR

“PUDLO

"

Makes Cement Waterproof

FEUSOL'

The Immovable Fire Cement

66

2, Queen's Bulidings,

89

ANCHOR BRAND

PURE MANILA ROPE.

"THE CORDAGE YOU CAN TRUST."

MARINE RUPE

TRANSMISSION

OF POWER ROPE

"CABLE LAID

HAWSERS

#1

WELL DRILLING CABLES

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

MANILA

THE HONGKONG DAILY - PRESS, THURSDAY, MARCH 18TH,

RUPES OF ALL SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA НЕМР

MANUFACTURED BY THE MOST MODERN MACHINERY.

ENQUIRIES SOLICITED STOCKS ON HAND OF ALL SIZES

FACTORIES MANILA. P.1.

KING'S BUILDING, TELEPHONE CENTRAL 3165.

HONGKONG OFFICE:

THEATRE

ROYAL

(CITY. HALL), HONGKONG.

R. B. SALISBURYS "QUAINTS."

Under the Distinguished Futronage of His Excellency The Governor.) Monday, Tuesday &" Wednesday, March 22nd, 23rd & 24th,

"NO, NO,

NANETTE.”

THURSDAY 25th. “THE SPORT OF KINGS."

FRIDAY 26th.

"THE GHOST TRAIN."

SATURDAY 27th. "THE UNFAIR SEX:"

SATURDAY 27th. Special Matinee at 4.15 "NO, NO, NANETTE."

Book at MOUTRIES Prices 14, 32 and #1..(Limited)

USE COLGATE'S SHAVING STICKS AND RIBBON

DENTAL CREAM

SOLE AGENTS:

THE HONGKONG TRADING CO., LTD.

TO LIT.

BANK 10F CANTON BUILDING,

HONGKONG.

NO LET From Arar 7TH, for 8.Months. TTAIWO Fals Furnished fir-roomed

Staff of Minutes Walk of Tram Station, GODOWNE in ALEXANDRA BUILD. HOUSE ON BABEEE ROAD Within Five Experience and Lorg Service to the Advert ser, will be left in the House. Apply HOLYOAK, c/o HOLTOAK, Masary & Co.,

(3995 LTU.

2032

INGS (Basement).

Apply→→

SECRETARY; - AB WATSON & Co., Lan.

TO LET.

4-ROOMED FLAT in BUILDINGS, KOTLOOK.

Apply to

CALLEVON

HUMPHREYS ESTATE & FINANCE

CO., LTD.,

Alexandre Building."

3280]

TO LET.

S.S. PAUL LECAT.": COMPAGNIE DES MESSAGERIES MARITIMES. NOTICE

and

CONSIGNEES of Cargo from MARSEIL

LES, &c., in connection with above Steamer are hereby informed that their Goods with the exception of Opium, Treasure and Valuables are being landed and stored at the rick into the Godowns of the Hongkong

wloon Whart and Godown Do., Ltd.

whence Delivery may be obtained Optional Cargo will be forwarded on unless intimation is received from the Consignees before 9.00 A.M., To-day, requcating it to be landed here.

UVE-ROOMED HOUSE with Mom after landing.

Conveniences in GRANVILLE ROAD, KOWLOON.

"Apply to SPANISH DOMINICAN PROCUBATION.

[3307

TO LEE.-EUROPEAN RESIDENCES

easy UNIVERSITY, comprising 8 rooms, 4 bathrooms, up-to-date sanitation, electric light, ga", as well ne garage, at 175.00 monthly. The residences, ON MOUNT DAVIS ROAD, FORFULAM, Lace South and are situated in qus of the most delightful It is hoped rory localities in HoxALONG. shortly to provide this neighbourhood with i bus service at popular rates. Apply to-F. A. JOSEPH, Prince's Bai'ding. Telephone No. 16,

[3819

to quantity and quality of the bricks COMPANY MEETING.

turned out, and the out-turn of the fac GREEN ISLAND CEMENT CO., LTD.

tory is slowly increasing as some of our INFLUENCE OF THE STRIKES ON best men have at least returned to work.

YEAR'S WORK.

Altogether our prospecta for the current The thirty-seventh ordinary annual year are certainly better and with a re- meeting of the shareholders of the Green turn of the normal demand for drainage Island Cement Company, Limited was pipes, which I am sorry to say haa held at the cffices of the Company, St. prastically entirely censed owing to the George's Buildings, Chater Road, yos curtainment of public and other works in terday, for the purpose of receiving the Colony, this department of our busi- a Statement of Accounts and the Report ness should again "shew a fair profit où of the Directors for the year ended the turnover. December 31st 1995, and declaring a dividend."

Mr. R. G. Shewan (Chairman) pre, sided, and there were also present: Messrs. Allan Cameron, J. Scott Harston, Li The Fong, C. A. da Roża and Conrad F: Mendbaas (Directors), Mr. Alian Keith (Secretary), and Messrs. "C. G. Alabaster, Tong" Hok Ting, D. M. Goodall, M. A. Figueiredo, 1. W. Shewan, A. L Shields, W. E van Eps, D. W. Munton, J. Coulthart, W. J. Carroll G. H. Potts, P. H. S. da Silva, J. E. Josephs, J. T. Bagram, W. J. Stokes, J. M. Alves, A. B. M. da Silva, N. V. A. Croucher, A. A. Alves, S. Michael; J. F. da Rocha and C. S. Remedios (share holdery).

..

CHAIRMAN'S SPEECH. The Secretary having read the notice convening the meeting,

I now move that the Report and Ac counts as presented be adopted and the balance at the Credit of Profit and Loss! Account to be dealt with as follows:

To pay a dividend of 50 cents

...8362.666, 66

100,000.00

on the Old Shares and 10.680 cents on the New Shares .......... To place to reserve for new

plant To carry forward to the credit

of next year's account... 53,340.09 $516,000.58 When this has been seconded, I shall be pleased, to the best of my ability, to answer any questions shareholders may

wish to put.

Total

1.

"

Mr. G. HI. Ports seconded the adoption of the report and accounts. In doing so he said: We are pleased. that things have turned cut better than expected, and at. the same time I hope that things will be better next year, that the strike will be finished and that work will continue in the Colony. I have pleasure in second- ing, but I would like to know something about the large, sum of over $1,300,000 Can you tell invested in stone or cement me how much was invested in stone and bow much in cement?

The CHURMAN: Most of it is in stone. and we are very glad to have it.

Mr. POTTS: It seems a very large sum? The CHAIRMAN: We must keep large stocks. We have had trouble before. We "are getting no stone now, and we are very glad to have large stocks.

Mr. CARROLL "Are we getting our stone from Haiphong.or from →→→

The CHAIRMAN: We are getting none at all now.

The CHAIRMAN said:-Gentlemen,-Aa, the Report and Accounts for the year ending 31st December, 1925, have been in your hands for some time past I will with your permission take them as read.

The result of the year's work certainly compares unfavourably with that of pre: vious years, but I need make no apology for this as you all know the unfavourable business conditions with which we have had to contend since the beginning of the Strike of Chinese labour last June.

The Balance at Credit of Profit and

OTHER BUSINESS. Loss Account is 8501,433.00 as against' 8003, 145.60 for 1991, and under all the The CHAIRMAN The next business, circumstances not, only as regards the gentlemen, is the appointment of Direc a number of influential shareholders have lack of labour but also the reduced local tors. For the vacant place on the Board demand and the difficulty of securing the put forward the name of fr. Taggart. usual shipping facilities for export, I do we have no objection to this gentleman not think much better could be expected. joining the Board-en the contrary we As for the prospects for the coming shall be glad to have his advice and ex perience, but 13 under the Articles of year, I hardly dare to speak, but, if any-Association he cannot be elected at this thing, there seems to be a little more enquiry now than there was at the end of the year, and we can only hope that this may continue.

We are foctanite in having a good supply of limestone as the work of the

The report, and accounts were adopted unanimously.

meeting without seven days potice, we have agreed to invite him. to join us after the meeting is over.

1926

UEEN CINEM

QUE

GUPER

S

THURSDAY Tш SATURDAY, MARCH 18th to 20th.

RAMON NAVARRO

·AND

BARBARA LA MARR

IN

די

"THY NAME IS WOMAN”

A DRAMA OF FLAMING LOVE, SET AMID SPANISH BACKGROUNDS OF VIVID SPLENDOUR

A METRO PICTURE

DIRECTED

BY

FRED NIBLO.

THE STAR TO-DAY & TO-MORROW.. CYTHEREA

A FIRST NATIONAL PICTURE.

WITZ

LEWIS STONE AND AN ALL STAR CAST.

THE

WORLD

TO-DAY

At 5.15 AND 9.15 ONLY.

RICHARD BARTHELMESS

IN

**

SONNY."

INVESTMENTS.

WE BUY-

Hong Banka F.&O. Banks Hong Amusementa Union Insurances Malakoffs

Steamboats Watsons

Ferries

New Comenta Electrics

WE SELL

Cements combined Malaka Pinda

Lane, Crawfords

Trams Cosatractions

No Lot Too Small No Let Too Large,

Developments

i

Taxis

| Leanas

Raube

Jerama

HONGKONG SMALL INVESTORS SHARE & REAL STATE CO.

10, Des Vogur Rosd

Tar: 4380.

HONGKONG STOCK EXCHANGE,

1P

CLOSING QUOTATIONE

MARCH 17TH, 1926, Hongkong Baak $1,045 bay, 1,050,5 84.

London £126 nom. Chartered Bank... nom... Mercantile Bank, A. & B.... 230 buy.

Do.,

Do

F. & 0. Bank.

Car

East Asia Bank Canica Insurance China Underwaters

you

China Insurance

0......219) bay,

£9tnom

bay

contractors at Bias Bar was all put a Conrad F. Mendham were re-elected as Buy Tin Boot

stop to by the outbreak of trouble there; the place appears to be in the hands of bandits and the prospects of building the proposed Light Railway and pier are very indefinite at present.

As indicated at last year's meeting the ground at Castle Peak was sold and the surplus of 83,11444 appears in the Prosb and Loss Account.

་་་

PROPOSED YACTORY AT 7SUNWAN POSTTONED.

As regards the proposed Factory at Tsun Wan the necessary work of obtain ing borings and soundings for the recia- mation of the site has been carried out, and much work has been done at home in.. cbtaining estimates and information as to the best and most economical type of plant, but after careful consideration. of the position, your "Directors in face of the difficulty of obtaining labour and the necessary financial facilities, felt that there was no course open to them but to stop further proceedings and postpone the whole matter until the trade of the Colony returns to normal conditiona. This, of course, is very disappointing to all concerned, but on the other hard we have done all we could to push on the completion of the grinding machinery for the Rotary Grate Kilns which are now taking the place of four of the old Aalborg Kilas at Hok Un with good results.

Two more are under construction at Macao and should be finished and at work before the end of this year. Unless, therefore, some very great increase in the demand for Cement should arise we should be more than able to supply all our re quirements for some time to come with our present plant.

THE COMPANY'S FINANCES."

Now as to our finances, last year all our cash in hand went in payment of the dividend and you will see from the balance sheet that up to 31st December we had expended 8330,305 on Macao and 879,50€ on Hok Un; consequently on 31st De cember our overdraft at the Bank bad risen to nearly $300,000 but against this our stocks of raw and finished material were higher by nearly $400,000, and our investments at $714,036 were untouch-

As some shareholders are anxious to have some particulars of the investments, I may tell you that these consist wholly of:-Hongkong Government War Loan, Bill of Lading will be countersigned by British War Loan, Hongkong and Shang- the Undersigned Goods remaining and imedhai Banking Corporation Shares, and after Monday, the 22nd instant, Koen, will Shanghai Municipal Council Loan. be abjeet to Rent and Landing Chargee.

All Claims must be sent in to me on or before Thursday, the 25th instant, or they will not

be 100 aged Fackages will be examined on Monday, the 2nd instant, at 10. i by Mowers, Goddard & Douglas.

No Fire Tararance has been effected,

-O.-B. MIOLLIS, Acting Agent Hongkong, 16th March, 1923.

18320

At Deep Water Bay the first six months work shewed a profit but every- thing was brought almost to standstill in July and since then it has simply been struggle to keep the factory going with whatever unskilled labour we could pick up. I am, however, glad to say that the prospects for this year seem, especially as regards bricks, better." The new brick kiln is fulfilling all our expectations aé

Directors.

$ BOH ...ma: 145 noNL North

1985 buy. Union Insurance

$141 bay. Yangtaze InsurancÓ ............ On the proposition of Mr. C. G.

Shewan and Hongkong Fire Insurance.. $570 bay.

........328 bay. GOODALL, Messrs. R. G. ALABASTER, Seconded by Mr. D. M. China Fire Insurance$100 bay. & M. Steamboats ...3241 bay.

bay. Hongkong Messrs. Linstead & Davis and Messrs. Indo-Chinas (Fred)......

Do. (Del.), Lowe, Bingham & Matthews were re- elected. as auditors at a rumeration of Shell Transports 8750 each per annum on the proposition Star Femmes

Oriental Navigations Chins of Mr. W. J. CARROLL, seconded by Mr. Waterboats.

Bugars J. COULTHART.

Malabon Bugars Benguets.......... Kaira Mining Ad.. Langkats (combined)..

(single) BA Exploration

The CHAIRMAN: That is all the business of the meeting, gentlemen, and I am very much obliged to you for your attendance. Dividend warrants will be ready row.

EXCHANGE RATES. [BRITISE WIRELESS SERVICE.] ཁ་མ

Recsy, March 16th. Today's exchange rates are as follow:

Paris Amsterdam Brussels

Berlin Copenhagen Vienna Helsingfors

Lisbon s Buenos Aires Shanghai Yokohama New York Geneva, Milan

Stockholm

Oglo... Frague Madrid

Rio

Bombay

Hongkong

Silver (spot)' Silver (forward)

Loans

Baube *********** Tronah Mine Ural Caspians

HK & K Wharfs, H.K. & W. Docks Horgkews.........

Hongkong Realtys (ap). HAK. Territorials (f.p.jav

Prince's

Estates

∙134).

19.139

118

20.42

New Engineerings. Shanghai Dooks.. H.K.&B. Hotels Hongkong Lands

18.54

24.5

193.1/18

24

Eural Lands........

Hamph Balding...

439

Ewa Catteus

3

Orientals - onissaare

4.80 1/10

225.25

121-1/8

18.15

25.95

164*

34.52

(new)

1/10.13/32 Bhanghai Cotions (old)

Do. Amusements ..... Canton Loes

2/34

301

30%

RUBBER DIVIDENDS.

SINGAPORE COMPANIES. Messrs.. Carroll Bros. advise us that the following dividends have been declared: Temerloh.-2nd interim of 5 per cent.,

making 10 per cent to date. Bukit Kepong-15 per cent, making 30

per cent. for the year. Connemara.-15 per cent. final, making 22 per cent. for the year and 10 per cent interim account, 1026. Kedahs-2nd interim 15 per cent.,

making 30 per cent, to date. SHANGHAI COMPANIES. Messza Benjarain & Potts received yes- 'terday the following cable from their Shanghai office:-

Chemor United Rubber Estates, Ltd.,

mol dirited beets, taking 10

cents for the year. Kota Bahroe Estates, Ltd., interim

dividend of 15 cents:

Cements (combined),

Do. (old)

(new)

Do.

China Buses

Ühins Lights (combined)

Do..

(ald)******

Do.."" (new)

China Providents

Constracticas.........

Dairy Farms......

Der A Wing (LP). *****

Hongkong Electrica Macao Electrics

bay

140 nom

90/3

365 10

$15

15 buy.

$250 nom.. $275

$39 nom.

$1 nom. 42/6 bay. Ts. 23 bay.

11.

Tis. 11 buy. Tic. 5

Sel

89-bay, cam.

125

EASTERN EXTENSION CABLE CUT.

MALICIOUSLY DONE.

The Manila Timer of the 11th inst May's

Some unknown persons cut the cable to Hongkong operated by the Eastern Ex- tension Australasian and China Tele- graph Co., Ltd., at a distance of about 35 miles from Manila and just a few miles oft Corregidor, according to information from the Custome House. It is believed that the cutting "took place at about 2 o'clock in the afternoon of March 1st. A piece of rope was found attached to the cable, showing that it was purposely cut. The local office of the Eastern Extension Company has asked the aid of the Har- hour Master in conducting investigations. Communication has been restored.

RUBBER CULTIVATION IN THE

PHILIPPINES..

NO PROSPECTS OF "COMPROMISE."

Contrary to reports from Filipino sources published in the Manila Times regarding a possible compromiso by which American capital might be in div.duced to enter the Philippines to finance small rubber plantations, Harvey S. Firestone, jr., told the Times that there was no prospect of such an arrangement," It is impracticable for large concerns" to finance small plantations, Mr. Fire-

Tis, 7 nozt. $5 buy..

.B!. nom.

$131 buy 133 13. 170 bay T. 5 buy. Tix. 98 bay.

buy

$9 buy,

163) bay.

bay.

151-bay.

1 buy.

..$7 nom.

1.27%. 9:40 bay.

Tls. 8 nom. Ma. 54 bay. „Tis, 28 bay. 3113 buy,

nom.

$13; buy. 33 bus. The 101 buy,

3211 buy...,219 am.

$16 bay.

12

sel.

....38.10 now.

3

1.02.

$194 sa

$10 nom.

..$59 noma. 20 năm. 225 ́ete, kom. $30 sal slui nom. 15+ nom.

Áu nom. 195 nom... $10 buy.

H.K. Developments simu H.K. Ropes (combined)

Do

(old) Do.

(now)..... Hongkong Telephonce.

Tramways Hongkong Lane Crawfords.................... Mackintoshs.. Peak Trams (old)..............

Do. (new) (c.p.).......$7 b Sinceres

United Asbestos..... Watsonin (old) "................

Do. (now)

sidh bay.

$11 nom.

bay

320 muzik. 311:20 bay. ...$11 bay.

$10 nom.: Wm. Powells gu

33 Bol. Singapore Tractions

Gaybayers; sel-sellers; sa—galos;

NFURNISHED FLAT TO LET in

UA BUILDINGS, KO VIOOL FOur Large Rooms and Unal Quarters. Fittings Available Now Vacant until August. Apply

[8

-Box No. 609.

stone said, as rubber growing is a slow process, requiring great initial outlay and at least five years of heavy expense for sanitation measures, transportation facili. ties, etc., before there are returns from the product. A few large estates are necessary, around which smaller native- owned estates can operate, but the pro- ject of 6nancing sporadic independent producers is not justified as a business proposition..

Mr. Firestone said that rubber was be- coming a fundamental commodity, like steel, and that there was practically speaking no limit to its uses. He cited an instance in Akron, Ohio, where a por- tion of street is paved with rubber blocks. The pavement is noiseless, resilient, and apparently almost indestructible.

10 BAKERS, HOTELS-STOCKTAK- ING SALE of Pure Blackberry and Strawberry Jams in Case Lots of 73 pound Ting at $36 and $22,60 Per Case, Two Weeks Only-MONTGOMERY, OLLEETON &

TEL. 4630. Co., 10, Des Voeur Road Cent.

FOR EUROPE AND AMERICA, INDIA. AUSTRALIA, &c. Comprehensive and Complete Report

of the

NEWS OF THE FAR EAST Is given in the HONGKONG WEEKLY PRESS.

with which is mcorporated. THE CHINA OVERLAND TRADE REPORT." Subscription, paid in advance--$13 per annum for delivery in Hongkong; including Postage to say part of the world$17,