1926-04-17 — Page 3

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THE HONGKONG DAILY PRESS, SATURDAY, APRIL 17TH, 1926

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD."

Tel. Central 156,

1, Queen's Buildings.

SOLE AGENTS FOR

BELL'S UNITED ASBESTOS CO. LTD..

MANUFACTURERS "OF

"Viator Matallio." "Dagger." "Quadruple * snd

***Reefer" Packings.

Bell's Asbestos Compositions.

Salamander" Engine & Cylinder Oils.

Salamanderite Jointing.""

ANCHOR

BRAND

PURE MANILA ROPE.

י.

THE CORDAGE YOU CAN TRUST.”

MARINE RUPE

TRANSMISSION

OF POWER ROPE.

CABLE LAID

FLAWSERS

WELL. DRILLING

CABLES

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

MANILA

RUPES OF ALL· SIZES FOR ALL. PURPOSES

MADE FROM

"PURE MANTLA

HEMP

MANUFACTURED

BY THE MOST MODERN MACHINERY.

STOCKS ON HAND OF ALL SIZES, ENQUIRIES SOLICITED

"HONGKONG OFFICE:

TELEPHONE

FACTORIES:-MANICA, FI.

KING'S BUILDING. CENTRAL 3165,

ANNOUNCEMENT.

A.P.B.

The Dunlop Rubber Co. (China), Ltd., have pleasurē - in announcing that Official Authorisation has been received by them from the HONGKONG LAWN TENNIS ASSOCIATION whereby the DUNLOP TENNIS BALL (both Stitched and Stitchless type) has been officially authorised for use in League Matches and Tournaments run by the Hongkong Lawn Tennis Association.

DUNLOP RUBBER CO. (CHINA), LTD.,

Hongkong, 12th April, 1926.

113)

SOUTH CHINA

18a, Des Vœux Road Central.

[A.P.B.]

KNITTING FACTORY.

MERCERISED AND COTTON SOCKS of the Highest Grade. Manufactured in the most modern Knitting Factory in South China, and exported to all parts of the World.

Enquiries

invited from

Export and Wholesale Firms. FACTORY: MONGKOK, KOWLOON. TAL. K 593. CABLE ADDRE93: SOUCH(KNIT, HONGKONG...

*^[A.P.8.] |

COAL BUNKER AT AN "ARSENAL, ENGLAND,

The British Government used Robertson's Asbestos Protected Metal on this structure because of its ability" - to withstand

the corrosive action of salt air, coal dust,

and humidity;:

Sole Agents:

DAVIE BOAG & Co.

Bank of Canton Buildings.

{A.P.B.]

COMPANY MEETING.

GANDE, PRICE & CO., LTD. The nineteenth ordinary annual moeting

of shareholders of Messrs. Cande, Price

HONGKONG STOCK EXCHANGE.

CLOSING QUOTATIONS,

AFINITE. KH ngkong Bank........ 11,070 bay 1070/30 Do.. London 15 nom. Martile Bank, A & B....230 buy.

Do P. & O. Back..

& Co., Ltd., was held at the Company's Chartered Bank... Office, No. 2, Ice House Street (St. George's Building), yesterday at 12 noon, for the purpose of receiving the Report of the Directors," together with a state- ment of accounts for the year ended December 31st, 1025.

aut A Ranbirisin Cauton Insurance Chits Underwriters North Umha Insurance Union Insurance Yangtae Insurance

China Fire Insurance

buy.

дом.

$1.90 nom.

fla, 145 num.

253 bar. $39 nom. 1170 bay. $330 bay.

Mr. S. C. Pank was in the chair and others present were Messrs Kenneth Chart and Leung Yan Po (Directors). Messrs. Hengkong Fire Insurance Chow Tung Sang, Pang Kok Sui, Pang Donglases Kwok Fatt, and D. Humjahn (share-H., U. & M. Steamboats... holders) and Mr. C. Bond (Secretary).

Hongkong Tags Lado-Chinas (Pret,)

Do

Shall Star

(Def.)...........$40 nom.

starboats......... Oriental Navigations Chingars Malabon Bugars Bengues...........

CHAIRMAN'S SPEECH. The CHAIRMAN said: Gentlemen,-Be- fore commencing the business petore the meeting. I wish to express, on behalf of the Directors, staff and shareholders, our deepest regret at the untimely death of our late Chairman of Directors, Mr. C. H. Lyson His valuable services to the Comp-Kim Mining Ad. pany during his term of office, not only Langkats (combined) Ba Director but as a legal adviser, were Do (angle)

Shanghai Lot Raubs Tronoh Umal Carpians BE&K..Wharf,

&W, Docks

Hange New Engineerings. Shanghai Docks, H&B. Hotels. Hongkong Lands Hongkong Realtys (s.p.). HK. Tanitorials (L.p.)....

Katates, Humphreys Prince's Building, Bural Lands Ewo Cottons ................. Orientals Shanghai Cottons (eld)

Do. Amusements Canton Ices Gements (combined);.....

Do (old) Do. Chilla Buses!..... Lins Laght (combined)

Da. (old) ..... Do (now) Chiza. Provident........... Constructions

of great assistance to his Co-directors. Shanghai ploratio

The report and statement of accounts for the year ending 1993 having been in your hands for the prescribed period, I propose with your permission to take them as read The nett profit for the year under review is $5,050., to which must be added the balance at Profit and Loss Account brought forward from 1994 of $918.96, making a total at credit of Proft and Loss Account of $3,269.38. This sum your Directors recommend should be ap- propriated as follows:-To pay a dividend of 4 cents per share on 18,105 shares, which will absorb $4,528.25 and to carry forward the balance of $743.32 to this year's account. I regret to state, Gentle men, that our profits show a decrease on the previous year, but with the abnormal condition of things in China, together with the very keen, competition prevail. ing, what other results can we expect? I think you will agree with me that despite these adverse circumstances we have had a satisfactory year, and I am sure I am only voicing the sentiment of the shareholders when I say that the staff have in an able manner looked after our interests, especially in such strenuous times, and I hope that with their con tinued co-operation and the early solution of the present situation, we shall have better results to place before you at the next annual meeting.

With these few remarks I have mach pleasure in proposing the adoption of the report and accounts as presented and after they have been seconded I shall be pleased to answer to the best of my ability any questions the shareholders may wish to ask.

Mr. PANG Kox Sci seconding the adop- tion of the report and accounts said: I am sure that the shareholders will agree with me that our Directors have done their best in the interests of the share holders during the past year which has been an unprecedented one.

The report and accounts were carried unanimously.

OTHER BUSINESS ·

The confirmation of the appointment of Messrs. Kenneth Chan and Leung Yan Po to the Board of Directors fill the pinces of Mr. C. H. Lyson (deceased; and Mr. Lau Po Wing (retired) was proposed by Mr. C. Box and seconded by Mr. D.. KUMJARN, and was carried unanimously.

On the proposition of the CHAIRMAN, seconded by Mr. LEUNG TAY Po, Messrs. Lowe, Bingham & Matthews were re elected as auditors at a remineration of $750 per annum.

Dairy Farms..... Dar & Wing (f.p.) Hongkong klectrica Macas Electrics HK Developments....... H.K. Hopes (combined). Do. (old),

Do. (DOW), Hongkong Tramways.... Lane Crawfords.......... Mackintoab Peak Trams (old)

Do. Sinceres........ Taxis

United Asberton Watsons. (old)..... WIL. Powells Singapore Tractions

UEEN' CINEMA

·SUPER

TO-DAY ONLY

At 230, 5.15, 7.15 and 9.15 pm.

Just Like a Page From Life

A Tear

87% buy

$ sol, sij sa

$15 nom.

~moa eszt

$25 buy, 27 m.

nam.

,427- bay. TL. 24 bar. Tis. 12 buy.

„Tia.. of bar.

Tis. ? nom.

$5 nom, ‚65/- nom. 9.0031. $128 buy. $50 sol Tia 165bay. Tis. 5.70 bay. Tia 1:8 baj. $10.10 nom. ..1864 sal. ..so buy.

$134-bay. şlu nom. 37 nom

Th, 3.10 buy. ..Tls. 60 bay.

$11 bay ..87$ nom.

...$13 buy.

«125 nom.

Ti

10 sei.

321 nom

$15 buy.

$11 bay.

15) sel

swu zom.

Sot sel. za

"TOT (112%

225 cts, nom $30 sel

.. buy.

Two, Some Heart Throbs,

Laughs, and a Big Happy Ending

UFA PRODUCTIONS

PRESENT

EMIL JANNINGS

THE GREAT CHARACTER

IN

Smiles,

ACTOR

"THE LAST LAUGH."

A TREMENDOUS SENSATION

A

THE WORLD OVER.

PERFECT

THE STAR

TO-DAY ONLY

At 6.30 & 9.15

LON CHANEY

T

"THE BLIND BARGAIN.”

PICTURE.

THE WORLDTM

TO-LAY

AT 6.15 & 9.15

ALICE LAKE

"THE MARRIAGE MARKET.”

INVESTMENTS.

WE NEGOTIATE ----

214 $17

buy.

..dig Day...-

200 Binceres".

Anglo Javas

210 Cemen'

Healitys

sel.

1000 Glenenlys

Ferries

SU nom.

Watsons

..$12 bay.

Investorerit Shares.

sel.

.......$10 noia.

- buy --Layari; ?-sol-saliera; sa-skien i from-nominaă.

EXCHANGE RATES.

BRITISH WIRELESS, SERVICE,)

Th

Ruan, April, 18th. To-day's exchange rates are as follow: Paris

144.. Brussels Amsterdam Berlin Osio

Mr. C. BOND (Secretary) said: Mr. Chairman and Gentlemen, considering that we are on the right side of the balance sheet and have shown a profit I have much pleasure in proposing that our Directors' fee be the same as in pre-Hongkong vious years' $750 per annum.

Mr. PANG KWOK FATT seconded, and the notion was carried unanimously,

The CHAIRMAN:-That is all the business of the meeting, gentlemen, and I thank you for your attendance. Dividend war rants are now ready.

COMPANY REPORT.

CHINA UNDERWRITERS. LTD. The annual report of China "Under-. writers, Ltd, for the year ended Decem- ber 31st, 1023, states:

Profit and Loss Account-The Profit and Loss Account after placing $88,494.71 to reserve to meet unexpired marine risks, 812,411.83 to meet unexpired fire risks and $1,129.00 to meet unexpired ac- cident risks, shows a debit balance of $46,054.28.

·Orientals

100 Electrics 100 Hotels

1000 Ewo

WE SELL:-

100 Steamboats:

600 New Engineers

No Lot Too Small No Tat Toe Large,

1.100/300 Jemas

100/300 Underwriters 200 Lane Crawforda 100/200 Amusements 100/500 Constructions

HONGKONG SMALL INVESTORS SHABE & REAL ESTATE CO.

** Tz1..48303.

131

12.11

20.41

$2.46

Prague Madrid

161

34.20

Rio

81

Bombay

1/5. 15/16

2/3

New York

4.58

Geneva Milan

25.16

120.89

18.15

8.53

34.45

193

THE

2,

44. 9/10

*2/11

1/11-

993

'Stockholm

Copenhagen Vienna Helsingfors Lisbon

Buenos Aires

Shanghai

Yokohama

Silver (spot & forward)

J

U.S. INCOME TAX.

AMERICANS ABROAD EXEMPTED.

·MF, "Julean Arnold, the United States Commercial Attaché in Paking and Shanghai, returned to China from the United States last week, and in the course; of an interview expressed bie Life Assurance Business-Life assortisfaction in the passage of the recent ance applications received during the Revenue Bill clause exempting Americans year amounted to 82,917,981. Life in foreign countries from the payment policies were were issued for 82,745,897 at of income taxes on incomes earned annual premiums of 8154,844 and appli abroad. The American Chamber of Com- cations for 8139,083 were declined. The merre in Shanghai is given credit for remainder were postponed or in course having initiated this movement which of consideration at the end of the year. finally culminated in exempting under The life premium income, after deduction the stated conditions, all American living of reassurances amounted to $133,823.21. abroad, since it was the local body which The sum of 894,092.50 was transferred to was instrumental in putting the China Establishment of Lile Business Account Trade Act on the statute books and later which amounted to $120,576.10 at the 31st in securing its revision to exempt China December, 1925. Agencies have been Trade Act companies from taxen. established at Shanghai, Tientsin, Macao, Straits Settlements, Federated Malay States, Ceylon and Burma,

obtained all the information and ex- Consulting Committee. In accordance planations we have required, and that in with the Articles of Association the Con-lour sulting Committee retire and being Bainnee Sheet is properly drawn up, so opinion the foregoing General eligible offer themselves for re-election..na, to exhibit a true and correct view of Auditors. The accounts for the year the state of the Company's affairs as at have been audited by Mesurs. Lowe, Bing 31st, December; 1925, according to the ham & Matthews, Chartered Accountants, best of our information and the explana and Messrs. Percy Smith, Seth & Flemtions given to us and as shown by the ing Incorporated Accountants, who bei Books of the Company. We have further ing eligible offer themselves for re to report that we have verified the whole. election.

.

SHEWAN, TOMES & Co., General Managers........ Hongkong, April 14th, 1920. The Auditors' report is as follows We beg to report that we have audited the Accounts of the Company and have (Continued at foot of`next Column.)

1

investment of the Company as at 31st December, 1925, either by the production to us of the Security Deeds, Certificates or other evidence representing the in- vestments. No part of any fund has been applied, directly or indirectly, for any purpose other than the class of business to which it is applicable.

10, Des Voeux Road,

THE NAVY'S CHOICE

Coates

ORIGINAS

PLYMOUTH GIN

OBTAINABLE EVERYWHERE,

Hongkong Weekly Press.

NEWS

RECEIVED FROM THE NORTH ∙HAS BEEN OF PARTICULAR INTEREST DURING THE PAST WEEK AND THERE IS AMPLE EVIDENCE THAT CANTON IS WATCHING THE PROGRESS OF AFFAIRS CLOSELT.

If faith may be placed in the declarations of Marshal Chang Tso Lin a shrewd blow has been struck at Bolshevik influence in Peking, and military operations will not cease until the power of the Soviets in China has been broken.

The success or failure of the Northern armies must affect the political situation in the South and, incidentally, re-act upon the commercial position.

That is the reason why the telegrams and communiques coming from Peking. are re-produced in full in the WEEKLY.

The HONGKONG WEEKLY PRESS reflects in each

issue the course of events throughout Ching

It provides a valuable record of the changes taking place and every business man with connections in the Far East should have a copy.

PUBLISHED TO DAY.

32 Pages-30 Cents.

[On Bale by all Hegular Newsboys.]

[BEND COPIES HOME.

"[125

410.