1926-03-27 — Page 3

Page

"DECOLITE

FIRE-RESISTING FLOORING

Awarded Gold Medal Franso-British Exhibition,)"

JOINTLESS. HYGIENIO & NON-SLIPPING Lald By Our Own Workmen on STEEL. WOOD OR CONCRETE.

THE HONGKONG DAILY PRESS, SATURDAY MARCH 27TH-- 1926

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel Usntral 286.

1. Queen's Buildin

ANCHOR BRAND

PURE

MANILA

..

Bings.

ROPE:

*THE CORDAGE YOU CAN TRUST."-

MARINE ROPE

TRANSMISSION

OF POWERERUPE

CABLE LAID HAWSERS

WELL DRILLING

CABLES

ESTABLISHED 1854

ISTI

ROPE

FACTORY

MANILA

RUPES OF ALL'

SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA HEMP

MANUFACTURED

BY THE MOST MODERN MACHINERY.

STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED)

FACTORIES-MANILA, PI. HONGKONG OFFICE:

TELEPEONE CENTRAL 3165.

KING'S BUILDING.

THE NAVY'S CHOICE

Coates

ORIGINAS

PLYMOUTH GIN

OBTAINABLE EVERYWHERE,

410.

USE COLGATE'S SHAVING STICKS AND RIBBON

DENTAL CREAM

SOLE AGENTS:

THE HONGKONG TRADING CO., LTD.,

BANK OF CANTON HUILDING,

BY ORDER OF THE MORTGAGEE.

PUBLIC AUCTION

OF THE

VALUABLE LEASEHOLD

PROPERTY

Situata at Victoria, Hongkong, and known

SUBSECTION 2 or SECTION BOF-FABIRE LOT No. 67 and the REMAINING PORTION OF SECTION B or MARINE LOT No. 67, Together with the GODOWNS known. Fos.

HONGKONG.

PARTICULARS AND CONDITIONS OF SALE OF THE VALUABLE LEASEHOLD PROPERTY Situate and being RURAL BUILDING LOT No. 224, Viccati, HosoKONG, TO E SOLD

BY ORDER OF THE MORTGAGEE PUBLIC AUCTION

ΣΥ

COMPANY MEETING.

HONGKONG FIRE INSURANCE CO..

LIMITED.

UNITED STATES RUBBER CO. WHAT IT HAS DONE TO SECURE SUPPLIES.

Mr.CB Segar, President of the REFERENCE TO THE HOTEL FIRE United States Rubber Co., authorizes the

LAMENTABLE LACK OF KUROPEAN TEKMEN. ་་་

The fifty-seventh ordinary general meet ing of shareholders of the Hongkong Fire Insurance Co., Ltd., was held at the ofices of Messrs. Jardins, Mathesus & Co., Ltd. (the General Managers of the Company); yesterday at noon, for the purpose of receiving the Report of the General Managers, together with a State- ment of Accounts for the year ended December 31st, 1993.

Mr. D. G. M. Bernard (Chairman) pre- sided, and there were also present Sir Robert Ho Tung, and Messrs. C. Bernard Brown, A. H. Compton. A. S. Gubbay and H. P. White (members of the Con- sulting Committee) Mr. F. C. Hall (Secretary) and the following share holders: Messrs. D. V. Stevenson, A. Denison, R. L. Bridger, J. Arnold, G. V. Osmund, C. Savard Remedies, Ea Leung A. H. M. da Silva and J. H. Seth.

A BATISFACTORY ACCOUNT. "The Secretary having read the notice convening the meeting,

"

following statement:-

interest in the subject of crude rubber, In view of the wide spread 'public with particular reference to cultivation by American capital, it is perhaps timely to state that the United States Rubber Company now has 194,000 acres of BD- proximately 194 square miles, of rubber plantation lands in the Far East, repro- seating an investment of approximately $25,000,000. Of this area, 74,837 acres, or about 117 square miles, equal to 80 per cent of the total, are planted with over 7,000,000 rubber trees, and 49,004 Acres, or over 78 square miles, equal to 67 per cent of the planted areas, are in bearing and produced approximately 20,000,000 pounds of rubber in 1925. A force of more than 20,000 is continuously employed on the Company's plantations. In six years, or by 1931, it is estimated that production will have increased 75 per cent, or to 35,000,000 pounds, per annum, due to planting of further areas, maturity of trees already in bearing, and to production from trees reaching the bearing stage.

Twenty-three years ago, or in 1903, the Company obtained extensive concessions in South America. However, this ven-

ture did not work out satisfactorily and,

after years of effort, the project was dropped and energies directed towards taking up operations in other locations.

Sixteen years ago, or in 1810, the Com- pany completed its xst surveys in the Far East. As a result, extensive conces The CHAIRMAN said:--Gentlemen,-Thesions were acquired in Sumatra, and Report and Accounts having pow been 14,000 acres, or about 2 square miles, were planted in 1911. This represented in your hands for the prescribed number then, and still does, the largest planting of days I propose, with your permission, operation completed by any one company to follow the customary procedure of in a single year. taking them as read.

QUEERS

SUPER ST

TO-DAY ONLY.

THE SUPERR PRODUCTION OF

MAETERLINK'S famous play.

MONNA VANNA'

SPLENDID ACTING.

BEAUTIFUL SCENERY:--VENICE, FLORENCE & PISA GREAT BATTLE SCENES

20,000 COMBATANTS.

THE STAR

TO-DAY & TO-MORROW. VICTOR MOLAGLEN

THE. HUNTED WOMAN "> FOX SPECIAL PRODUCTION.

IX

THE WORLD

TO-DAY

Ar 6.15 & 9.15 Only. FLORENCE VIDOR. AND ALL STAR CAST

"THE MARRIAGE CIRCLE."

INVESTMENTS

WE BUY

The Management's continued belief in It is with considerable. pleasure that the policy, adopted more than twenty your General Managers and Consulting years ago, that the Company should pro- Committee are able to place before you duce a substantial proportion of its crude Watsons such a satisfactory Account as that for rubber requirements, is indicated by the Comente (combined) the year 1994, and our best thanks are acquisition on December 9th of 6,700 acres New Engineers due to all those who have so loyally of plantations land, or approximately 9 kong. Banks afforded us their support in the difficult square miles. They are also in negotia- days that are past. However, insurance tion for other areas aggregating approxi business bas its bleak moments like every mately 12.300 neres, or about 20 square other factor in the commercial world, and mites, which areas are not included in competition is becoming so severe that it holdings of 124,000 acres heretofore quot is dificult to see what the future based. Both of these properties aro located ir store. Still, I trust we may rely on ncar the Company's largest plantation,

known the continued support of our friends who have given us their business in the past and helped to build up the Company into its present sound position.

To return to the account for the year 1924, I would point out that the balance of 8394,656.09, is the third best in the history of the Company The net pre mium received is the highest by nearly $100,000 as also is the income from in- terest by approximately $20,000.

as. H.A.P.M.”, in Sumatra, Dutch East Indies. In addition to the foregoing properties, 8,300 acres, or ap proximately 10 square miles, in Kedah, Malaya. were purchased in July; 1925..

These acquisitions, and the cost of their development, will be Enanced out of the income from plantation properties.

Of the Company's holdings. 81,313 aces, or over 147 square miles, are in the Dutch The ratio of losses and expenses work East Indies, and 29.691 acres, or about out at 13.25 per cent, and 38.51 per cent,quare miles, are in Malaya.

The yield per acre on the Company's respectively as against 40.04 per cent. and 37.37 per cent. for the year 1923. The plantations bas been constantly increas. rate of exchange at which the accounts ing due, to scientific seed selection, bud- are shown is 5/8 of a penny higher than grafting from known high-yielding trees, last year and, small as this may seem, and to other methods dictated by the it makes a very considerable difference most improved practices, in the develop- in converting our sterling figures into ment of which this Company has always

been a leader. Hongkong dollars,

Substantially all of the 20,000,000 The balance at credit of working ne count for 1025 is $500.769.41, or approxi.pounds of rubber received by the Com mately $77,000 better than the previous pay from its own plantations in 1925. year at same periode, after twelve came to America in the form of sprayed months' working. This is the more satis-rubber, which is a development exclusive. factory in view of the fall in premium ly owned by the Company and subject of income of about $40,000, as compared patents in all the important rubber-pro- with 1994. This shrinkage in income was during and rubber-manufacturing coun- anticipated by us but we are hopeful tries. Besides this production of sprayed that a full recovery will be achieved in rubber, the Company also imports into this country large quantities of rubber in the year now current.

The account for 1025 has yet a further the form of latex, which is utilised in various nex-process subject of numerous twelve months to run but, with the carry patents owned by the Company, not the forward as shown, we are reasonably con- least important being the manufacture of fident that we shall be able to present the special latex-treated web cord used to you a healthy final outturn at this in the manufacture of its cord tyres. time next year.

THE DIVIDENT.

One unsatisfactory feature was ap The surplus to be dealt with at this Meeting is 8534,636.00, and we recom- parent, however, to all who witnessed mend the payment of a dividend of $38 the fire and that was the lamentable lack per share, an increase of on last of European fremen to support the Fear's absorbing 8304,000, the appropria efforts of the Superintendent. We trust

1 AND 3 BUTHERLAND STREET, THURSDAY, 29 192 DAY OF APRIL, 1996, tion of $100,000 to the Reserve Fund; and that the Government will take early steps

AMD 13, IN-KU LANE erected thereon. Area: 6,3122 Square Foot

Annual Orown Kent: $179.53.

.TO E FOLD

IN ONE LOT

BY

PUBLIC AUCTION

Ox

WEDNESDAY, the 31ST DAY OF MARCH, 1928, AT 3 O'CLOCK FO OHINA AUCTION ROOMS,

4. DUDDALL STREET, VICTORIA, HONGKONO, ME. E. V. M. B. DE BOUSA, Auctioneer,”

For further Farticulars and Conditions of Bale, apply to

M. JOHNSON, STOKES

& MASTER Prince's Building, Hongkong,

DE TO

Ms. E. V. M. B. DE BOUSA,

The Auctioneer. Hongkong, 94th March, 1926,

[3354

*FOR EUROPE AND LAMERICA," INDIA, AUSTRALIA, &c. Comprehensive and Complete Hepuri my of the num NEWS OF THE FAR EAST: Ta giron in the

HONGKONG WEEKLY PRESS.

with which is acorporated THE CHINA OVERLAND

TRADE EXPORT.”. Babscription, paid in advance-$is per. andam for delivery in Hongkong: including Postage to any part of the worl

AT 3 O'CLOCK 1.K..

IN ONE LOT

THE AUCTIONEERING & BROKEBING

„CO., LTD., Auctioneer), «t. THEIR AUCTION. Booms At No. 45,

DUDDELL STREET.

wish, to ask

that the balance of 8130,658.09, at to remedy this most serious deficiency 2/41-215,447.7.3, be carried to the credit as it cannot be hoped that Hongkong will of Reinsurance Fund. The Reserve Fund always maintain its recent record of will then stand at $2,100,000 and the immunity from serious fires. Reinsurance Fund at 8213,904.0.7.

After the resolution, which I am about. All our Reserves are in a satisfactory to propose, has been duly seconded, I condition, the Investment and Exchange shall be pleased to answer to the best Fluctuation Account shows a fall of of my ability, any questions arising out 8225.000 compared with the "figure at The Property oculiste of

All that Piscs or Paziel of Ground situate which it stood last year. This is due to of the accounts which shareholders may at Victoria in the Colony of Hongkong regia depreciation in the value of our Gold and I now propose the following resolu tered in the Land Office sa Brait BUILDING Silver Investments and to adverse ex:tion

with the European changes, both as regards sterling and Lot: No. 2thercon Mesdage erected

Shanghai taels. I might mention that contains An Area of 30,000. Property

quite an appreciable part of this amount 8qnare

Feet or thereabouts. The Property is has been recovered since the 31st Decem held under Conditions of sale No, 1974 where her last, this being the date on, which under a Crown Lesse is to be granted for a Term of 75 with a right of Benewal for values and rates of exchange are taken for the purposes of our Annual Accounts. Further Term of 75 years.

You will, I trust, approve of the usual bonus of 15 per cent. on their salaries being granted to the staff

加

J

The Crown Rent payable in respect of the Property is 3172.00 annually.

Farticulars and Conditions of Sais

of-Sala may be

had from:

MESAI. DEACONS, Vendor's Solicitors, Des Voeux Road Central,

THE AUCTIONEERING & BROKERING CO., LTD., The Anctioneers. Hongkong, Mamah 24th, 1926- [8357

ON SALE,

The year under review has proved to be an uneventful che from an insurance standpoint. The chaotic conditions now prevalent practically all over China make business most difficult and we sincerely trast that some early solution may be found that will help the country to more. peaceful and prosperous days.

THE HOTEL FIRE

That the Report and Accounts as presented, including the payment of

Malakoff

Jiane, Jeram.5 Malaka Findas

Steamboats

IN

WE SELL

*

:

Electrics

Ferries

Flong. Amusements

Lane, Crawfords Trams

No Lot Too Small No Lot Too Large.

Constructions Union Insurances P.&O. Banks. Lunas Karbe

Rembian Tin Shares

HONGKONG SMALL INVESTORS SHARE & REAL ESTATE CO.

10, Des Voeux Road.

TEL. 4530.

COMPANY REPORT. CHINA SUGAR REFINING CO., LIMITED

1125

HONGKONG STOCK EXCHANGE

CLOSING QUOTATIONS."

The accounts of the Chins Sugar Re- fining Co., Ltd., for the Fear ended 31st December, 1923, have been closed, and show a debit balance of $1,503,955.86 which includes the sum of $32,155.98 brought forward from the previous year. ingkang Bank

EXCHANGE RATES. BRITISH. WIRELESS SERVICE]

Huday, March 25th. - To-day's exchange rates are as follow:

Paris

Brussels Amsterdam Berlin *Copenhagen Vienna Helsingfors Lisbon Buenos Aires Shanghai Yokohama New York Genera Milan Stockholm

Calo

Prague Madrid

Rio

Bombay

Hongkongregasinet

Bilver (spot) Silver (forward).

Chartered Bank. Marcantile

Do

P. & 0. Bank.

Canton Insurance :

Maica 261a, 1926."

$1,055 num. €125. nom.

Back A

213 boy.

£91 nom

East Asia Bank.

..$79 buy.

$320 buy.

China Underwriters ........

14 buy.

11. 143 nom,

Union Lusurance Yangtze

$283 sel

North China Inaaracce

·Insurance ............

Chir's Fire Lawurance ..........................8166 buy.

Hongkong Fire Insurance $570 buy.

1384

121 12.13)

20.42

18.51

Douglases

bay,

34.50

193

HR., U. & M. Steambosta...524 buy. Hongkong Tugs.....

24 'nom.

2

Indo-Chinas (Pret.)

$38. 10.

43.29/39

Do.

(Def.)

2/11.7/8

Shell Transports

1/10.9/16

Btar Ferries

4.862

Waterbosta

£15:25

Oriental Navigations:

180.85

Lluna Sugars

18.14

Malabon Bugars man

$35 B

22.73

Benguete,

Kailan Mining Ad,

49/- buy.

164

34.50

7.1/16

Fla. 25 buy.

.11 buy. Tis, 5 sele

1/6

2/31

B

30.3/18

302

SINGAPORE RUBBER DIVIDENDS.

The Malakoff Rubber Co. is paying a final dividend of 15 per cent. making 20 cent for the year ended 31st

per

December.

Three pea-out sellers were summoned at the Central Magistracy yesterday for shouting their wards in the Central district. The police stated that they were veritable nuisances to business men, The delinquents were discharged with a caution. In the case of a cripple similarly charged, Major Willson, the licepee.

CHURCH NOTICES.

a dividend of $38 per share, an ad Magistrate, order the issue of a free dition to the Reserve Fund of $100,000, the transfer of £15,447.7.3, at exchange 2/43-8130,856.09, to the credit of Re- insurance Fund, and the payment to the staff of 15 per cent. upon, their salaries, be adopted and passed."

Mr. A. DEN180 seconded and the Be- port and Accounts were adopted. ́·

OTHER BUSINE

Mr. R. L BRIDGER proposed and Mr.. D. V. STEVENSON seconded that the. Hon. Sir Paul Chater, C.MIG., Sir Robert Ho Tung, Messrs, C. Bernard Brown, A. H. Compton, A. 8. Gubbay, TE. Pearce and H.-P.. White be re elected as members of the Consulting

I cannot close without some short re Committee.

ference to the fire in the Hongkong This was unanimously agreed to. Hotel of the 1st January last. This was On the propostition of Mr. J. ARNOLD, undoubtedly the worst conflagration that seconded by Mr. Ho Lazo, Messrs. has been experienced in the Colony for Lowe Bingham & Matthews, and Percy very many years past, and great credit Smith, Seth & Fleming were re-elected

HONGKONG HAMARTPORT is due to the Fire Brigade for checking, as auditors at a remuneration of 750

the MEETINGS of the the fire when they did. This they were The CHAIRMAN: This concludes the LEGISLATIVE COUNCIL for the enabled to do swing to the co-operation business of the meeting. Gentlemen, and Session 1925

of nuits from His Majesty's Naval, and I thank you for your attendance, Revised by Members..

Military-Forces .... PRIDE

·Darty Prisi Ürron,

(Continucă en nest sõlurm.)

Dividend warrants are now ready and may be obtained on application.

UNION CHURCH-Kennedy Road, Bunday Services, March 28th Sunday School at 10 am.

Morning Berrice at 11 x.u. :—-—-

Hymns: 81,749, 251, 169 and 202 P.S., Meeting in Lecture Hall st 4pm. Evening

stepm-

Service Hymns: 73, 153, 233, 252 and 334, Preacher bath Morning and

Macomachie,

Hor. J. Kirk Wednesday, March 31st, at 8.16 p.m.-Soldiers

and Bailors Christian Association Good Friday, April 2nd-Service at 10.30 am Christian Endeayont Meeting at 8.80 p.. Baturday Circle, March 27th, at 8,30 pm-

Short Papers by Mambers.

CRUZON 01

Summar

Langkata (combined)

Dingle)

Shanghai Haploratio Shanghai Lo

Tronoh

Lowas

Uzal Carpinus HK & K Wharfa. BAK & W. Docks Hongkow ... New Ruginoerings.. Shanghai Docks, HIEN. Hotels Hongkong Tanda Hongkong Realtys (c.p H.K. Territorials (Epi). Humphreys Estates. Prince's Buildings..... Ra Lands Evo Cottons Orientals Shanghai Cottons (bid)

Do

87/9 buy, „168) buy, BiLue,

$15 nom.- $250 nom.

1,80 tom.

buy

BOEL

.81/- buy,'

8%-now.

.......4192fbuy., 128 a

„Ala. 1624 boy.

115, 5 boy. 1. TRÊN 102 DAY. ...$9,60 buy. 94/9] *=

1024 bay...

sal.

144 bay. $100

$7.DOTO

T. 9f buy. Tls: 8 nom. Tia. 521 buy, Tls. 27 bay

buy

hom

buy.

Amusementi Canon Lowe, Comenta (combine

ined). $151 bay, 151/154. Do. (old) (12) Da. (new) is 12.90 nom. Chins Buses,

Pls 10 buy. Chins Lights (combined).......$212 nom.

(ald) .................316 nom.

Do. (new)

China Providents ......

Constractions

Dairy Farma... Der A (L.p.) Hongkong Leotrios Macão Fiestrial cou H.K. Development H.K. Ropes (combined)

(old)......

-Do.

Hongkong Telephones ..... Hongkong Tramway..... Lane Crawford Mackintoaks.. Pak Trama (old) (i

Da (now)...

Bincezes Taria United Anbes

Do. [now} Wm. Powells

Singapore Tra

Macdonnell Hood, below Bowen Bond Walco (all). Tram Station

Bunday Service at 11.15 m.

Wednesday Evening Meeting at 5.80 p.m. Beading Booms above address, open Tuesday and Friday, 10am to 12 Noun ; Monday and Thursday, 5 to 7. pas.

$10 nom. $60 buy., 58/59

cts. nov.

$10F nom

1234 boy, 121/287 23.

il; buy:

BO

161 bay:

$7 buy.

$11 nom.

$ sel

$20 nom

$12 bay,

11: bay.

+