1926-04-23 — Page 2

Page

A REAL DRINK

"BOARS HEAD BRAND

GUINNESSS

FOREIGN EXTRAO

STOUT

THE HONGKONG DAILY PR

A WORLD-WIDE REPUTATION.

SOLE AGENTS:

GANDE, PRICH & CO., LTD.

St. George's Building, Ice House Street,

TIL, CENTRAL No. 135.

HONGKONG.

PERFUMERY

A

Manufactured by RIGAUD. PARIS.

* AIRS

KÜBALSAMADO "

“MANY GARDER" TE * HORA CARIFÖRAS **

#LITLAS RIGAUD "

Obtainabis from

VICENTE ATIENZA. & Co.,

- No, 64, NATHAN RD,, KOWLOON, Txx. K, 15

ASAHI

BEER

SPECIALLY BREWED FOR EXPORT

DAI NIPPON BREWERY CO.

LIMITED.

TOKYO JAPAN

BOLE AGENTS:

-:

RIGANU

MITSUI BUSSAN' KAISHAI LTD.

Growing

Children

need a nourishing,

sustaining food-tonic, that is easily digested.

It must be palatab Always give them

KEPLER

(Trade Mark)

Cod Liver Oil with Malt Extract

SHONGKONG!

Batties of two stren All Chemists and Storen

HAZELINE' SNOW

-¿Tendu Mark);

The original non-greasy preparation, will keep your skin soft, cool and smooth

Cizoen pote

All Chemists and Storkk

BURROUGHS WELLCOME & CO., LONDON

HONGKONG VOLUNTEER DEFENCE CORPS.

QUERES EX MAT. E. BETELLE AMITH,

ADMINISTRATIVE COMMANDAN

1.-ENGINEER COMPANY

FRIDAY, APRIL 2381) 1926.

COMPANY MEETINGS.

In view of the state of the Balance In addition, to the falling Raw Sugar. THE SIMPLEX PLASTER CO, LTD.Sheet your Directors have waived their markets, which invariably react very fscs for last year. Furthermore, the quickly in the refined, markets through General Managers have agreed to defer out China, our losses were caused by the the payment of a proportion of the fees troubles in China last year, which result- due to them as General Managers until ed in a stagnation in our outlets for re- the Company is in a position to declare fined, and necessitated the closing of

No. 4 (Lights Section) will parade a offices of the Company, 2nd floor, Fowall the Directors and General Managers summer and a small melt for a long

Volunteer Headquarters on Monday, 29th April, at 3.30 p.m. Dress, Maff

2-MOUNTED INFANTRY AND ARMOURED CAR COS. Musketry Courio Part L will be fired

At Park Range on Sunday, 25th April,

1920,

AN ADVERSE BALANCE SHOWN. The second annual ordinary general meeting of the Simplex Plaster Com pany, Limited, was held yesterday after noon at three o'clock at the registered dividend This action on the part of the Refinery for six weeks during the

Building, for the purpose of receiving

will, I feel sure, be appreciated by you. period: Competition from Japanese Re- the Report of the Directors, together with the matters on which you may require agreed amongst themselves to restrict I think I have now touched upon all fineries has also been very keen but it is reported that the 'refineries have lately Statement of Accounts for the year information and I now beg to propose their output, and if this, praves correct ended December 31st, 1925

Mr. G. E. H. Beavis (Chairman) 'pre- that the Report and Accounts as pre. I hope that there will not be so much

available for dumping in China, sided, and others present were Messrs. Cented be adopted, and passed. When B. Shank, E. D. Shank, Chan Pek Chun this has been seconded I shall be l

All members who have not yet fred and Chan Yue Teng (Directors; and the pleased to answer to the best of my notice that the overdraft at Bankers

this course are warned to keep this date following shareholders, Messrs. B. Mon-ability any questions you may wish to

free and attend.

Failure to fire Part I. Musketry Course involves inefficiency, and this the last opportunity for the above Companies.

Range Oficer: Capt. Y. Breckenridge, M.C.

મુ All those living on the Park must as semble on the range at a sharp, others must catch the 9 a.m. tram to the Peak.

4

Dress: Uniform optional, but rifles, bayonets, belts and pouches must be taken.

Arms: Will be drawn from Corps Head- quarters on Friday, 23rd April, between 9am. and noon, or 2 and 4 p.m., or 5 and 6 p.m., and on Saturday, 24th April, between 9 a.m. and I pim.."

3.-ARMOURED CAR COMPANY. Parade at Corps Headquarters on Moo- day, 28th April, at 6.30 p.m.

..). GÉNERAL' INSTRUCTION. ··

(n) Vickers Gun under CS.

Hancock.

J. E

(b) Drivers under Sergt. D. G. Bruce. (e) Miniature Range Practice.|. 1-KING'S BIRTHDAY PARADE Thursday, 3rd June, 1928, The Infantry Company have been selected to furnish the Corps detachment for this parade..

under -

5.-STRENGTH.

The following are taken on the strength, as from 15th April, 1926, and posted as

No. 1012 Pte. A. McArthur, No. 6 Pla-

tooa. No. 1043 Pte. T. Addis, No. 7 Platoon.

8.-LEAVE.

The undermentioned N.CO's and men are granted leave of absence from the Corps

No. 288 Sergt. A. L. Terry, Engineer Co., from 1st May, 1928, to 31st January, 1997..

January, 1997,

April, 1997.

1990.

•

No. 481 Ptc. I. W. Shewan, Armoured Car Co., rejoined from leave on 3rd March, 1999,

tague Ede, A. B. F. Raven, Yik. Tat Ting and Ching Chi_Nam

CHAJEMAN'S SPRECI...... · The SECRETARY having read the notice convening th

the meeting.

nak.

Mr. CHAT YUE TENG seconded, and the Report and

were adopted and passed.

OTHER BUSINESSS."

SUGGESTED INCREASE OF CAPITAL. Turning now to the accounts, you will ampanted to 89,743,619,77 at 31st Decem ber and was secured by a Debenture for $2,000,000. The General Agents have, with the approval of the Consulting Com- mittee, granted our Bankers a debenture. covering all the 'Company's assets with the exception-of stocks of Raw: and Re-

Mr. CB SHANx moved, and Mr. Carfined Sugar to secure an overdraft up to Prx CHUN seconded that Mr. Wong Kwok allowed a further $700,000 against 75 per : $2,000,000, In: addition to this," we are Shuen and Mr. Chau Tue Tang be recent of the market value of stocks of elected Directors of the Company. This was carried unanimously,

The CHAIRMAN said:-Gentlemen-Be- fore proceeding to the business of the Meeting I should like to recall the great loss the Company has suffered since the last annual meeting in the death of the On the proposition of the CHARMAN, late Mr. C. Montague Edc Mr. Ede seconded by Mr. E. D. SHANE, Mesir was well known to us all and, as you are Lowe, Bingham and Matthews, Charter aware, took a great interest and an aeed Accountants, were re-elected as Audi- tive part in the Company's operations, tors of the Company, and we were greatly indebted to him for bis advice and ready assistance at all times in the numerous matters requiring attention, and experience in connection with the early development of the Com- pany-

The Report of the Directors and state- ment of Accounts for the year 1995, have been in your possession for the stipulated rime, and I shall, with your permission, take them as-read.

DEPRESSED TRADE CONDITIONS.

Your Directors regret that the results of the year's working, have not been

The CHAIRMAN: That in all the busi ness of the meeting, gentlemen, and thank you for your attendance. CHINA SUGAR REFINING CO.,

1

sugar at East Point. These facilities, gentlemen, are all we can get for our ordinary business, and in my opinion they' are as much as can reasonably be ex pected. As the Company is situated cash, and the advance to the Company to-day, however, we are very short of from the General Agents amonated to $1,639,458.86 on 31st December in addi- tion to the overdraft at Bankers. It may therefore, be better to increas the Capital of the Company and this is a

matter that will receive the attention of the General Agents and Consulting Com.... LTD.mittee when conditions are more favour-

YEAR'S LOSS OF OVER ONE

MILLION DOLLARS. -

able.

ויה.

Depreciation on the usual scale has bern provided for on building and machinery, and our plant has been kept in a thoroughly efficient condition The forty-eighth ordinary annual meet by systematic repairs and renewals-- ing of the shareholders of the China $60,014,30 having been spent during the Sugar Refining Company Limited, was rear.

Our, stocks of both Raw and Refined held at the offices of the General Agents Sugar at the 31st December, 1995, have. (Mesars, Jardine, Matheson & Co., Ltd.), been written down to market values at Pedder Street, yesterday at noon, for the that date, and it is expected that the

provisions made to cover losses on un favourable. The adverse balance has purpose of receiving the Report and closed shipments will be more than ade- been caused principally by the depressed! Statement of Accounts for the year end.quate.

ed December 31st, 1995.

RELUCTANT TO MAKE PROPHECIES, trade conditions prevailing in the Colony

The Hon. Mr. D. G M. Bernard during the period in review which have (Chairman) presided and other members to make any prophecies, as the factors As regards the future, I am, reluctant

interrupted the Company's operations of the Consulting Committee present that make for success or otherwise are for an extensive periof of time. With were: The Hon. Mr. A. O. Lang and Mr. so varied and the vagaries of the Sugar continued operations it is possible for H. P. White with Mr. G. M. Shaw market so unexpected and sudden, that the plant to produce at economical costs, (Manager), Mr. E. B. C. Homell (Scere it is practically impossible to give any but when the plant is closed down for tary), and Mr. WE L Shenton reliable forecast, and we have also to any period, as happened last year, it is (Solicitor). The shareholders present contend with the civil wars in China only natural that the cost of production were as under:Capt. T. Arthur, Messrs which are continually upsetting the should largely increase. During a der Baptista, H. Birkett, Chon Po Min, interior markets. tain portion of the period under con- Choa Po Sien, F. M Courtney, B. At the moment, the Raw markets are sideration, production costs mounted up Coson B. Ede, F. M. Pde Graca, Ho somewhat excited over the recent de- to a figure higher than the market price Fook Ho Loung, Ho Kwong, Ho Shai cision of the Cuban Government to cur- of the product, and as the market prices Kit, F. C. Hall, Lo Man Hin, R. E. tail the output of the present crop by were definitely established same could Macdougall, C. Savard-Remedios, A. M. 10 per cent. This has been brought about not be adjusted to meet increased pro- da Silva, R. Sutherland and J. Ker- by the critical situation there due to the

show. duction costs.

low level of prices which are less than Company's plant is not established on 28 Experience has now shown" that the

CHAIRMAN'S SPEECH.

the average cost of production. There The SECRETARY having read the notice is some doubt de to whether this restric

tion can be enforced, but it is evident No. 287 Sergt. A Hutton-Potts, MI. economical a basis in regard to produc- convening the meeting.

tion may be desired and achieved, and Co., from 18th-April, 1926, to 18th your Directors have recently been con- Report and Statement of Accounts to from the world's supplies of Sugar avail- The CHAIRMAN said Gentlemen,The that if some 500,000 tons are withdrawn May, 1996. No. 124 Corpl. C. Young, No. 5 Platoon, sidering and have approved of sugges-gether with the Auditors' Report, have able for this year, higher prices may be tions made by the General Managers for been in your hands for some days and looked for. Even if the suggested re- from 28th April, 1996, to 25th increasing the capacity of the Mill by with your permission. I will follow the duction of 10 per cent. In the present No. 320 Corp. A. Ritchie, No. 7 Pla- installing an 8 feet by 8 fest Caliner in usual procedure and take them as read. Cuban crop is not found to be feasible,

addition to the existing Calciner, also toon, from 1st May, 1925, to 30th by increasing the power; and by adding to $1,471,800.38, which with the debit markets, as far as can be judged at pre- The loss for the past year amounts I think the general conditions of the No. 861 Pte. T. N. MacReynolds, Res. certain other units which will be neces- balance of $32,155.29 brought forward sent, justify the hope that any decline Co.,, from 3rd April, 1998, to 22nd Your Directors feel justified in making balance at debit of Profit and Loss Ac temporary and that better prices may be sary for achieving the object in view, from the previous year, makes the total which may occur. Is only likely to be January, 1997,

these additions às the in-rease in de- count 81,303,954.86. No, sea Pte. E de Silva, No. 4 Platoon, mands for Gypsum Products by the Com

anticipated. from 20th April, 1996, to 19th May, pany's agents makes it difficult at times to present such a bad report, particularly about 500,000 tons and it is possible that It is with very great regret that I have It is estimated that the increase in the world's production of Sugar in 1925-28 is for the Company to all export orders as it follows on a year which showed an

even worse result.

this may not be realized. But even if promptly. At the present time the Mill is working night and day. to cope with orders that have recently Leen placed..

It goes without saying that we have it is, the normal increase in consumption, been faced with extraordinary dificulties especially at the present low prices, In addition increased production, will during the period under review. Prices

should be able to care for this proh greatly reduce the cost of the finished for raw sugar steadily declined from I do not think there is anything fur- product as the larger plaat can be opera March, 1994, to October, 1995. During ther that calls for comment and I now ted with very little additional varhead the former year the drop in Java browns beg to propose the adoption of the Re- was some $7 per picil and in 1995 $3 per port and Accounts as present, and when Since the last general meeting, equip picul. The reason for this was the very this has been seconded. I 'aball be pleas- ment has been installed in the Mill for heavy increase in the world's production ed to answer to the best of my ability the manufacture of plaster board, which of sugar in 1924-25 which amounted to any questions that shareholders may wish is becoming more and more popular in 33 million tons over the previous year, to sak this market. The present capacity of the notwithstanding that that year had also Capt. T. ARTHUR seconded, and the plaster board machinery is 5,000 square shown an increase of 14 million tons over Report and Accounts were adopted. feet per day which is sufficient to apply the preceding year. Although there was existing demands at the present time a large increase in consumption, stimulat The re-election of the Hon. Sir I might state that a large proportion of the adverse balance shown on the Balance by the lower prices, it was not able Paul Chater, C.M.G. the Hon. Mr. Sheet has been occasioned by such im Early in 1924-25 it was expected that the to the Consulting Committee was pro- to cope with the enormous production. A O. Lang and Mr. H. P. White provements and alterations to the ma- Cuban crop would amount to somewhere posed by Mr, B. EDE, and seconded by chinery as have been found necessary between 4,300,000 and 4,700,000 tons, but Mr. CHOA PO MIN, and was carried un in order to increase the efficiency of the when it became evident that these totals animondly. plant,

7.-RESIGNATION.

1.

No. 556 Pte. N. M. Campbell, No. 5 Platoon, is permitted to resign from the Corps, as from 17th April, 1926.

8. STRUCK OFF.

The following are struck off, the strength, as from 20th April, 1928. * -

No. 405 Ptc. 4. E. Farrell, Mounted

Infantry Co. No. 399 Corpl. L. R. Blacking, Armour

ed Car Co. No. 315 Fiper E. H. R. O'Farrell,

Scottish Co.

G. E. SWINTON, Capt..

Adjutant, H.K.V.D.C. Hongkong, ed-April, 1998 SMOKING CONCERT AND PRESEN

TATION OF PRIZES.-

expense.

OTHER BUSINESS,

would be exceeded there was a further On the proposition of Mr. Ho Foor, PENINSULA HOTEL CONTRACT.

drop in values, and the final outturn 'seconded by Mr. Ho Leiva, Messrs. There is a considerable amount of pros actually exceeded 5,100,000 tons. In our Lowe, Bingham & Matthews, and Messrs. pective business which the Company may husiñess it is necessary for us to buy Percy Smith, Seth & Fleming were re- hope to obtain in the Colony, and I am forward, but unfortunately we are not elected as the auditors. Friday, 7th May, at 9:15 pm. happy to be able to inform you that the able to sell our refined products in the H.E. Major-General C. C. Luard, C.B., General Managers have just secured the same way and business therefore becomes OMG, has kindly consented to attend the Peninsula Hotel, which means that very difficult on a declining market. and present the prizes on this occasion. the Company will supply all the plaster

It is hoped that O.C. Companies and Platoon Commanders will combine to ensure a good attendance.

Tickets price #2 (including refresh ments) can now be obtained at Volunteer Headquarters.

V.R.C SPORTS. The Corps has entered a team for the Relay Race and a team for the Tug of War (Cateb weights) The Sports will take place on Saturday, 8th May, and all members willing to take part should send in their names immediately to 2/Lieut. H. Owen Hughes c/o Harry, Wicking & Co, Prince's Buildings.

There will be a Tug practice at Volun teer Headquarters on Monday, 26th All Rights Knoma", April, at 5.30p.m. and members abould

turn up in boots and sweaters.

contract for the internal plaster work in

and plaster board used in connection with this building. This order, with the existing local orders on which the Com- pany is now engaged, together with an increasing export business justify me in taking an optimistic view of the present prospects of the Company

A

It must, of course, be borne in mind that this Company is the pioneer in the manufacture of Gypsum products in this. part of the world, and in the case of all expected during the early stages of the pioneering projects a leap period must be development, until the manufacture gets known and fade its various markets. We and have an addition had to face the have been paasing. through such a period general dislocation of business to which the Colony has been subject during the year under review However, in view of the business which is coming forward and the enquiries which are being made for the Company's products, there is good reason to believe that the Company is now making quite satisfactory.pro-

The CHAIRMAN: That is all the busi ness of the meeting, gentlemen, and I thank you for your attendance.

GREEN ISLAND CEMENT CO., LTD.

Best Portland Cement.

SHEWAN, TOMES & CO.

GENERAL MANAGERS,

HONGKONG.