Page
THE UNITED ASBESTOS ORIENTAL
Tel: Central 330
SOLE AGENTS FOR
*** PUDLO
ÀGENCY, LTD.
Makes Cement Waterproof
66
FEUSOL"
The Immovable Fire Cement.
3.- Queen's Buildings.
ANCHOR BRAND
PURE MANILA
ROPE.
CAN TRUST."
'THE CORDAGE YOU
ESTABLISHED 1854
MARINE RUPE
TRANSMISSION
OF POWER ROPE
CABLE LAID
HAWBERS..
WHAL DEILLING
CABLES
STI
ROPE
FACTORY
MANILA
RUPES OF ARL 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, P.T.
CENTRAL 3165.
HONGKONG OFFICE:
TELEPHONY
KING'S BUILDING.
AV.B.
JUST ARRIVED Shipment of High-Olass HOLLAND CIGARS, Attractively
Packed offered Ex Bond, expecially suitable se Gifts; An Excellent Opportunity
for Ships, ela, to obtain at Half Retail Price. Wholesale Price Only for Not Lose Than Five Boxes each of Twenty-fire.
125]
TXL 4830.
MONTGOMERY, OLLERTON & Co.,
10. De Vaux Bond Central.
„THE WARM WEATHER IS HERE.
GAS FOR COOKING AND BATHS.
SAVES TROUBLE. SAVES TIME. SAVES DIRT.
All the latest Gas appliances can be inspected at the Hongkong and China Gas Co.'s showrooms, 26, Des Vœux Road Central and West Point.
A.P.B
This Freedom...
ELECTRICITY" "offers the most flexible and trouble-free method of using energy for all purposes in the Home, Business or Factory.
Its Service is completely free from the waste and labour associated with the direct use of combustibles,
.
ELECTRICITY is not a superior form of fuel or gas. It is something quite different a carrier of energy. The power of doing
home." work, sent over wires to your ELECTRICITY can neither be adulterated nor diluted, and in use it is independent of weather of draught, offering a twenty- four hour Service of Light, Heat of Help.
THE SA
CHINA LIGHT & POWER CO. (1948), LTD), Showroom: 62. Hathan Road, Kowloon. Telephone No. K677.
THE HONGKONG DAILY PRESS, FRIDAY, MAY 7TH, 1996
COMPANY MEETING. CHINESE ESTATES, LIMITED. SATISFACTORY REPORT PRESENTED.
The third ordinary yearly meeting of shareholders of the Chinese Estates, Ltd., was held at the China Buildings (ath floor) yesterday at noon.
Mr. Li Yau Tsun (Chairman) presided and reviewed the actities of the last year in a speech delivered in Chinese.
The directors and shareholders present were the Hon. Dr. B. H. Kotewall, Messrs. Foo Fik Pang, Fung Ping Shan, Chan Fik Chun, Tang Chi Ngeng, Chau Yu Teng, Lei Shiu Yun and Li Ka Shu. CHAIRMAN'S SPEECH.
OBSTRUCTION CASES.
A SERIES OF FINES AT KOWLOON COURT.
-Twelve Chinee (including one woman) appeared, at the Kowloon Magistracy yesterday afternoon, before Mr. J. H. B. Nihill, charged with obstruction on public streets in different parts of Kowloon. Smalt:fines were inflicted in each instance, with the exception of a fine of $10.
This was inflicted on a Chinese, who at the previous hearing, had applied for a remand in order to call witnesses to prove
an allegation against the policeman, who had preferred the charge. At yesterday's | hearing, the accused said he could not recognise the policeman."
nt
Mr. J. H. B. Nihill reserved judgment. the Kowloon Magistracy, yesterday A translation of the Chairman's speech afternoon, in the case in which a Chinese is as follows:-fientlemen,-The report bus driver is charged with reckless driv. [ and accounts having been in your handsing and with not having the brakes of for the stipulated time; I propose, with the bus in working order. Defendant, in your permission, to take them us read the witness box yesterday, pleaded that The net profit for the year under review, on the day in question the wet state of after providing for reserve for deprecia- the road caused the bus to skid, thereby tion on China Buildings and for bad and injuring some ricksha coolies," one of doubtful debts, is $173,382.0, to which whom had suddenly run in front of the should be added the balance at Profit and bus with his ricksha. Loss Account brought forward from 1994 of 81601370.383, making a total of 8333.009.61 at credit of Profit and Loss "Account. From this amount a lum of $4,300 has to be deducted for directors' fees: and your directors, after careful consideration, recommend that the bal ance, $20,432,61, should be carried for- ward to new Profit and Loss Account.
CAN CHINA SURVIVE?
A MISSIONARY VIEW,
The April issue of the Congregational Quarterly contains an article entitled
Can China Survive?" by the Rer A. M. Chirgwin, M.A. Mr. Chirgwin knows the country and the people intimate.
It is a matter of gratification that in spite of the unfavourable trade condily, and he believes thoroughly in the the of and reliability soundness tions which prevailed in the Colony dur-
Chinese character. He declares that ing the greater part of the year, we are
most missionaries are definitely op- able to place before you this satisfactory account. Your directors consider that intimistic, indeed, incurably hopeful," about China's future. There is now a the best interests of the Company, no
Mative Christian Church, and it is dividend should be declared, as the com
pany may at any moment be called upon to pay loans amounting to 8840,000. These loans were contracted in 1999 and 1923 for the purpose of enabling the company to complete China Buildings without having recourse to further calls on the shares, and the accounts' now be Fore you prove that the action of your directors was justified. Although no re quest has been received for the repayment of the loans in question, your directors deem it prudent and advisable to create a reserve out of the profits for the pur pose of paying off or at least reducing:
exerting an influence altogether diapro. portionate to its cumbers. Fer example, while among the people generally only 5
cens of the men and 2 per csat, of the women can read. and write, among the members of that Christian Church the proportion is CO per cent, of the men and 40 per cent. of the women and China has always attached immense im- portance and value to education..
HONGKONG STOCK EXCHANGE. CLOSING QUOLATIONS.
the loan, when and, if we are called upon Engkong Bank....... to do so.
The shareholders have recently had a quite satisfactory return on their capital: in the shape of bonus shares, and a dis- tribution of $25 on every share held by them and these benefits were equivalent to an appreciation of the value of their
Do London.. Chartered Bank i........... Mercantile Bank, A. & B...
Do
MAY GTB. 1925. $1,110 sel.
£125 nom.
£20 nom.
nom.
· C..............£18j nam.
..386 bom
**$835 bay."".
P. & O. Bank East Ars Bank Canton Insurance China Underwriters.... North Uhina Insurance ....Fla 145 nom." Union Insurance
$25öt buy. 1374 bay.
Insurance
$1.90 buy.
Hongkong Fire insurance...3551 bay.
I original holdings by about 45" per cent. Fire InsuraROS.....
The distribution of $25 on each share was made simultaneously with a call of Dongles Steamboats, 326 nei,
825 per share upen all the shareholders) ******
holding share on which only $75 each
(Del.), ...... had been paid at the time. The distribu-Shell Transports........ tions in question were made when the star Fanes.................... company which was originally a private Waterboats...............
Oriental Navigations'... limited company, was converted into a Chins sugars....... publie limited company at the end of Malabon dagars ....
Bengusts 1925. As a preliminary step to the colza Mining Ad
combiand version Messrs Lowe Bingham and Langhaa
(single) Matthews were called in as independent
Shanghai Explorations.. accountants to carry out an investiga shanghai LomaS tion into, and to report an, the financial, Babe
Tronoh Mines position of the company and in a letter dated May 20th, 1995, this firm reported that the intrinsic value of each share of the company at April 30th, 1995 (thes #71.68 paid up) was approximately 8195.40, thus showing an increase on each share of 258.73; the percentage of appre eiation of the paid-up capital being 30.16 per cent. on that date.
4
Mr. Li Wing Kwong has relinquished
$35 nom.
$48/- nom.
...57/6 nom.
....1991 bay..
516 nom.
$25
pai,
5 bay.
1 bay
42f-bay.
The 241 bay.
„Tia. 124 buy.”
Tie, si com
*
..Tha. 7 nom.
35 ROM.
..65/- 0. ..8/-nom
..$128 bay, 198/155j sa..
„300 sol. *T 180 bay.
5.90 buy. 11. 156 bay. #ivi bay, 11 sul. & s
Ural Caspians H.K&K Wharis.. H.K. & W. Docks, Hongksw......... New agitearings. Shanghai Dook HKCB Hotels / Hongkong La
Lands Hongkong Healtys (o.p.)...... a.k. Territorials (1.p.).... Humphreys Hatates.. Prince's Buildings. Bural Lands
Ewa Cottons Orientals.
(now)
his seal on the board," and the two seats reserved for the People's Saving Cor-hanghai Cottons (old)
Do. poration, Ltd., under our original Arti- Amusements cles of Association. have also lapsed Danton ico owing to the voluntary liquidation of that company, Your directors do not recommend that, at least for the present, these three vacancies be filled.
Mr. Li Tung, the auditor, retires but, being, eligible, offers himself for re- election for the ensuing year.
Ucuente (combined)... Do (old) Do (a) Chins Bass......... Uhina Lagate (combined)
Jo, (old) Do. (now) China Providents, Constructions .......... Dairy Farms...................... De A Wing (L.p.)
kilectrics Hongkong hitects Main Electnes H.K. Derslopments......
I have now much pleasure in propos ing that the report and accounts for the "year ending December 31st, 1925, be
adopted. When this has been seconded, IK. Ropes (combined) shall be pleased to answer to the best of my ability any questions the shareholders may wish to ask."
The adoption of the report and ac counts was carried.
Replying to a question by Mr. Tung Chi Ngong as to whether it was proposed
to pay back all the loans before a divi. dend would be declared, the CHAIRMAN said this would depend upon the resulta obtained during the current year.
(oud)...... Do Do.. (now).... Hongkong Tramways .... Imon Cranfords.. Mackintosha...size Peak Izams (old)......
Do
(new).. Sinceres
Ured Asbestos Watsons (old War Powelia Bingapore Tractions.
T
nom. 15 nom. ..$15) nom.
$100 $7 nom. TL 10.35 bay. Tis 3 buy, ..75. 62 buy. Tis. 27 bay. $11 nom.
.........$15) nozi.
$15 Dom. #nom
... 7 nom
ida li bay.
$191
bay.
Morel ....511 nom“. $5.80 buy. ..$24 nom ..$20 nom. ..$10 nom.
$60) buy. +30 2012.
$25 eta. nom. $30. $10 bal.
UBEN'
QUE
TO-DAY
At. 2.30,
SUPER
AND TO-MORROW 5.15, 7.15 & 9.15
METRO-GOLDWYN
PRESENTA
AILEEN PRINGLE AND JOHN GILBERT
LY
"HIS HOUR"
STORY
· AND
BY
PRODUCTION
ELINOR GLYN
AUTHOR OF
"
46
"THREE WEEKS AND SIX DAYS."
THE STAR
TO-DAY & TO-MORROW At 5.30 RICHARD BARTHELMESS
"THE
IN
SEVENTH DAY"
A DEEP SEA ROMANCE.
AT 9.15
THE MOSCOW STATE BALLET
PRESENTS
LES SILPHYDES '
A CLASSICAL BALLET.
TO-MORROW. At
9.15
*
A HOLIDAY IN SEVILLE
A SPANISH
BALLET
ADAPTED FROX
"DON QUIXOTE”
POPULAR
PRICES:-$3, $2 and
$1.
BOOKING AT THE STAR AND MOUTRIE'S.
THE WORLD.
TO-DAY A 6.15 & 9.15
MAJORIE DAW
IN
GAMBLING
RUBBER SHARES.
MARKET FIRMER
WIVES."
NAVAL INTELLIGENCE.
With effect from April 6th, Commander
→ Messrs. Carroll Bros. have received 1. W. Whitehorn has been lent for duty cabled advice from Singapore that rubber is now quoted at 841 cents. a Ib. and that the market is much firmer.
The following dividends have been an nounced :-
Amalgamated Malays, 10 per cent. in
terima.
Ayer Panas, 20 per cent. final. The latest share quotations are:-
Allenbys
Straits $3:30
Alor Gajahs .......**
occa
with the Royal Australian Navy. This young officer-he will not be 34 unti) May-last served afloat in command of the gunboat Cockchafer in the Chinese rivers, and received early promotion last year for his frmaess shown on the sion of the murder at Wan Hsien of Mr." Hawley, an American citizen. As a lieutenant, he served in the monitor Terror, in the Dover Patrol, and in 1918, took command of the destroyer Marquito.. No fewer than ten ships of the Navy commanded by post captains are to receive new commanding officers this month. 1 Cruisers affected include the Caledon. in the Atlantic Fleet, to which Captain M. B. Birkett, D.S.O., has been appoint- ed on his return from Chins in the Calliope; and the Despatch, which Captain D. B. Le Mottée, formerly Senior Officer in the Danube, will com-
Amalgamated Malays
Ayer Moleks
9.90 4.75 2.90
Ayer Pause
14.76
Balgownies d
4.80
Bassetta
1.50
Brogas
1.90
Bukit Jelotongs
1.28
Bukit Katils
1.40
Changkat Serdanga
10.50
Connemaras
2.76
Glenealies
3,00
Indragiris
11.00
Jerama
1.95
Jimabs
2.05
mand.
Kedahs
4.70
Kempas
10.40
Kuala Sidims
"4.00
Lanss
4.40
Malaka Pindas
3.00
Malakoffs
35 Dal $24.00
101 POL
Mindai Tekonga
4.90 -0.95
nom.
Mayfields
15.95
Mentakabs
.0.65
nom.
New Serendahs
5.10
bay.
Pajams
15.00
Punggora.....
1.40
DOEL.
Bendycrofts ui
4.00
Beudais
3.90
Sungei Bagans
4.30
34.00
Tambalaks
1.40
Teluk Ansons.
15.25
United Malaccas
2.05
Utan Simpans
5.00
מדפים
120 nom. $121 buy
$10 NOEL, ..$9 Bol
Tapahs
#
With effect "from April 7th, Comman- der E. W. W. Ling, late Fleet Gunnery. Officer in the Atlantic flagship Revenge. has been appointed to the Hawkins, flagship in China. Commander, Ling, who was promoted in December, 1920, was afterwards nominated as executive officer of Devonport Gunnery School. He was afloat all through the war as gunnery officer of the Boxburgh, Hibernia, and Agamemnon.
The post of Flag-Lieutenant to Vice Admiral. Sir Rudolf Bentinck, Com- manding the Reserve Fleet, on board the Centurion, át Portemouth, has been given to Lieutenant Lord Louis Mountbatten, younger son of the late Marquess of Milford Haven. He was, A.D.C. to the Prince of Wales during the tour in þáðia
and Japan.
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