1926-06-12 — Page 3

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THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel. Central 398.

THE HONGKONG DAILY PRESS, SATURDAY, JUNE 19TH, 1926

2; Queen's Buildings.

SOLE AGENTS FOR

BELL'S UNITED ASBESTOS CO. LTD..

MANUFACTURERS OF

"Victor Metallio," "Dagger,"

"Reefer" Packings.

“Quadruple *. «nd

Bell's Asbestos Compositions.

“Salamander” Engine & Cylinder Oils.

"Salamanderite Jointing?”

ANCHOR BRAND PURE MANILA ROPE.

"THE CORDAGE YOU" CAN TRUST"

MARINE ROFE

TRANSMISSION

OF POWER ROPE

CABLE LAIE

HAWBERS

WELL DRILLING

CABLES

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

BOPES OF 'ALL SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA RELOP

MANUFACTURED

BY THE MOST" MODERN MACHINERY.

MANILA

STOCKS ON HAND OF ALL SIZES; ENQUIRIES SOLICITED

HONGKONG OFFICE:

TELEPHONE CENTRAL

FACTORIES:-MANILA, P.I.

KING'S BUILDING. 3165.

A.P.B.

REINFORCED OR PLAÏN

CENTRIFUGAL

CONCRETE PIPES,

SPUN CEMENT PIPES OF AN IMPROVED TYPE A PATENT PROCESS. MADE LOCALLY BY

In reply to numerous enquiries we beg to state that a detailed price list is "now being printed and will be available very shortly.

HONGKONG ENGINEERING & CONSTRUCTION Co., Ltd. St. George's Building, Chater Road, Hongkong.- Telephone: Central 4581 (two lines).

THE HONGKONG ILLUSTRATED WEEKLY.

A Copiously Illustrated Sunday Paper,

in English and Chinese,

will appear

on SUNDAY NEXT.

Price:-10 cents per copy; 15 per annum.

All who wish well to the increasing spirit Foreigners and of co-operation between Chinese should subscribe to this paper, When you have read the English section, hand the paper to your Chinese Staff Cheung Chow subscribers can have their copies delivered at their Bungalows at 8.30 on Sunday mornings,

[A.T.B.]

THE NAVY'S CHOICE

Coates

ORIGINAS

PLYMOUTH GIN

OBTAINABLE EVERYWHERE,

[2669

410

HONGKONG STOCK EXCHANGE. CLOSING QUOTATIONS.

Bangkong Bank...

Jose Lit, 1920.

$1,103 bay.

DOUGLAS STEAMSHIP COMPANY. UNSATISFACTORY STATEMENT AT ANNUAL MEETING, LOSS DUE TO BOYCOTT.

Do Londen....... 2131 nom.. Chartered Bank. The forty-third ordinary general meet Marcantile Bank, A. & ...30) nom. ......£13) noM. ing of shareholders of the Douglas SteamPO. Bank........ ship Company, Ltd., was held yesterday East Aris Bank......53 nom. at noon at the offices of the Company, Canton Insurance 3620 bay.

China Underwritară............................ Messrs. Douglas, Lapaik & Co. (General North China Instance 1 145 noUL.

Union Intarshos ************ 1969 buy. Managers).

Insurance

$97) buy Yangtze Chine. Fire Insuranos supe

Mr. H. P. White presided and thera were also present the Hon. Mr. D. G. M.

T

nom

ISU bar.

Hongkong Fira usurance... 1575 bay,

Bernard, the Hon. Mr. A. O. Lang and | Douglambosta --b

Mr. W. E. Clark (Directors), Mr. C. L Farmer (Secretary), and Messrs. S. T. Williamson, Ezza Abraham, Ho Leung, AH. White and Chan Wing. Ken (shareholders).

CHAIRMAN'S SPEECH.

The CHAIRMAN mid-Gentlemen,-1 vory much regret to have to lay such an unsatisfactory statenint before you, the log on working being attributable to the conditions which arose so far back as last June.

The earnings of the steamers up to the beginning of the month were fairly satisfactory, but the anti-British feeling and consequent boycott in Canton added to the general unrest in China, effectually destroyed any prospect of profitable working.

The carnings of this Company were particularly affected, as" the ports at which its steamer usually call, were practically closed for the last six months of the year and only occasional and spas modio sailings to the port of Foochow could be attempted by one or two of the steamers, the remainder being laid up during the half year..

Tug......

Jadu-China (Prof.)

Do (DeL). PRON. Shell Transports.......... Star Ferries.......

vsterbuala

China Sugars,

Lisbon begárs bengucts...

Kaaliu

BOM

sal

..,ei nom,

bay.

da bay. ... nom.

424) nom.

$11 bar.

.....

..41.

buy.

Li boy.

nlo ueut.

Mining Lang kata (combined).......

D. (single)..... Shangba plorations.... shanghai

Bau externe Trench Minas Oral Caspiant EK.& K. Wharts..

$5 nom

65/ .

.87. pom.

$123 not ..$35 now.

1. 175 bay.

Th. 5.90 nom

Tis, lusg bay, $10 Luy

„,365 asm. ..357 nom.

35 nom. 1995 CLE, 10 AL $15: boy.. ..$95 am.

H.K. & W.. Docks Bongkaw.......... Now Lagineerings.. Shanghai Dock..... H.K. & N. Hotels Hongkong

Lands Hongkong Realtys. EK. Territorials HK Developmenta Humphreys Antator. Prince's Building... Pr Baralda ......... Ewo tons Orientals.......... Shanghai Cottona (old).......TH, 83:

Do, (now)...... nom. Chira Brass ***

Th. 10.90 nom. Hongkong Tramways.25.10 bug., 25) 15. Peak Trama (old)

$16 buy.

Da (new).. Singapore Tractions

Taxi ........ Amusements Omastan 1088

..11.97 bay.

Tis, & nom.

20

$7 20 buy.

35 доц.

filý nom..

As far as the present year is concerned the situation perhaps slightly better.

The port of Foochow has been working satisfactorily, and the Company still contrals a full share of the trade to and from that port in spite of competition. Amoy reopened in April last, for the iwments (combined)... port and export of, cargo and now is working normally. Swatow, however, remains entirely closed to all vessels sail- China Lights (combined)....$19 buy. ing from Hongkong.

The Hai Foong has been sold since the tlosing of the accounts, and we have been fortunate in obtaining charters for some of the steamers at rates which have enabled them to pay their way. All the steamers of the Company, are at pre- sent, in commission.

There has been a great deal of sickness among the officers of the feet, occasion- ing heavy expenditure for hospital and other expenses which is responsible for au increase of nearly $18,000 in charges under the heading-Leave and Pensions Account..

Regarding the amount appearing in the accounts as due from the Compradore a large proportion has since been paid and we hold ample sturity for the remain- der.

I do not think that there is anything. 'more that can be added, but it is indeed difficult to forcast the future of ship- ping, for when the unfortunate tension that at present exists between Canton and Hongkong is relaxed, though the Company retains the confidence of ship pera, it must be borne, in mind that there is a large number of steamers in this part of the World, and that com- petition at first, at any rate, may be ex pected to be very keen.

I now beg to propose that the report and accounts, a presented be adopted, and alter this has been seconded I shall be pleased to antxer any questions to the best of my ability.

Mr. Ho LEUNG seconded, and the re port and accounts were carried unani- mously.

OTHER BUSINESS.

On the proposition of Mr. S. T. EZRA WILLIAMSON, Ronded by Mr. ABRAHAM, the Hon. Mr. D. G. M. Bernard, Mr. B. E. Clarke and the Hon. Mr. A. O. Laig were re-elected as the Consulting Committee.

On the proposition of Mr. CHAN WING KEU, seconded by Mr. A. H. WRITE, Messrs. Lowe, Bingham & Matthews and Mesars. Linstead & Davis were re-elected na auditors at a remuneration of $500 each.

This concluded the business of the meet- ing.

HONGKONG TUG & LIGHTER CO., LTD.

ANNUAL REPORT.

The report for presentation to the shareholders of the Hongkong Tug und Lighter Co., Ltd., at the second ordinary yearly meeting to be held at the office of the Company on Thursday, June 24th, is as follows:

"After providing for depreciation and' writing off the balance of preliminary expenses and $15,000 of underwriting commission, there is a small profit for the year of 119.48. This reduces the amount standing to the debit of profit and loss account to $22,727.40, which amount it is proposed to carry forward.

CONSULTING COMMITTEE.

During the absence of Mr. C. P. Marcel, Mr. C. B. Brooke served in hin place. In accordance with the Articles of Association, the present Committee, Messra. W. J. Carroll, C. P. Marcel, Li Toe Fong, and M, M. Hackey (in place of Mr. H. Y. H. Nemazce, (absent), retire. MERS W. J. Carroll, C. P. Marcel and Li Tse Fong are eligible for re-election, and Mr. Ahmed Nemazce is recommended for election in the place of Mr. M. M. Tackey.

AUDITORS.

The accounts have been audited by Messrs. Perty Smith, Seth & Fleming. Messrs. Perry Smith, Seth and Fleming are eligible for election.

Do. No.

Do

(old)

(new)

$14,10 buy.

513 com.

..$3 noma..

(old) $ish buy. (new).......dulu Uny.

China Providents Construction........... Dairy Farms...... Der A Wings Hongkong Electric ..... Macio Elctrical prac

HK. Ropes (combined).

ریف

Diu.

Day.

com Bid Bul

....7 801.

(d).............10 sel (now).....

Lane Umwfords..... Mackintoana...................... seres............ Umied Asbestos

14 nom. ....$11 now.

......$137 Loca ...s sei,

Monowimal, pe

Watsons (old). W Powells......

£xp, bajera; _dL-dedders

Paris

53.--ales;

EXCHANGE RATES. (BRITISH WIRELESS "SERVICE.}

Rucay, June 10th.

1632

Brussels Amsterdam Berlin Copenhagen Vienna" Madrid

1621

12.104

20.43

18.381

+1.40)

31.801

Rio

7.17/32

Bombay

1/3.31/32

Hongkong

2/21

New York

4.601

Geneva

25.13

Milan

133

..13.17

21.86

193

2.17/32 45+

2/11

1/11.3/32

*Stockholm

Oslo Helsingfore Lisbon Buenos Aires Shanghai Yokohama Silver (Spot) Silver (Forward)

30.5/16

301

Industrial

Stocks and Bonds

and all matters pertaine

·ing to investments Private used ties to a York, Montreal, Fronts, C and Francisco,

Members

Victoria am Vancang Sak

Kadungo.

B. C. Band Dealers' Asscela

Liert.

China Beard of Trade.

Winnipeg Grain Exchange. Vantar Gralo Exchange.

R.P.CLARK&C°

· REAL ESTATE INSURANCE INVESTMENTS, Victoria & Vancouver

NEW PAINCH RIMEDI

THERAPION No. 1 THERAPION No. 2 THERAPION ND 8

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Mud Shaw Bay Planetarn

ON SALE.

the

HONGKONG HANSARD REPORTS

the MEETINGS LEGISLATIVE COUNCILL for the Session 1925.

Revised by Members.

PRICE

85

DAILY PRZSE OVER

UBEN'

QU

SUPER

TO-DAY ONLY.

COMEDY PROGRAMME.

RAYMOND GRIFFITH

WITH

WALLACE BEERY AND LOUISE FAZENDA

IN

"THE NIGHT CLUB"

66

À PARAMOUNT PICTURE

ALSO

BEN TURPIN

IN

DARE DEVIL.".

THE STAR

TO-DAY ONLY.

ONE OF THE

OUTSTANDINGLY

GOOD PICTURES OF THE YEAR

HIS PEOPLE

PRESENTED BY

CARL LAEMMLE

WITH

RUDOLPH SCHILDKRAUT

AND A BRILLIANT ALL STAR CAST.

"

It captures that rare beautiful thing-love of family-belief in one's own-a picture to win your heart—to stay in your mind-bring tears to your eyes and laughter to your lips.

AFTER TENNIS

BEFORE DINNER

AT ANY TIME DAY OF NIGHT.

There is nothing so invigorating as a Hot Bath.

Make Gas a Willing and Instantaneous Servant.

Showrooms: 18, Des Voeux Road Central. Tel. C. 4704.

West Point Tel. C. 47.

HONGKONG & CHINA GAS Co., Ltd.

[A.P.B.1