1929-12-23 — Page 6

A few suggestions: Silk Ties and Handkerchiefs,

singly or in sets Silk and Knitted Wraps and Scarfa Dreering Gowns Bath Gowns Slippers

Socks and Golf Hous Braca

Gifts

**that live longer t`ʼn a day” THE pleasant custom of gift

making at Christmas provides an admirable means of expressing one's friendly wishes in durable from, though one sometimes finds it a little difficult to hit upon exactly. the right choice for the masculine portion of your list...

Your problem, however, will be much simplified if make your

you

selection at Mackintosh's for there you can see the very articles which men would choose for themselves.

To choose wisely is to enhance the satisfaction you derive from giving. It will be a pleasure to show you our Christmas selections, and to offer assistance in making such a choice.

THE HONG KONG DAILY PRESS, MONDAY, DECEMBER 23, 1929:

Mackintosh's

A visit to us entails no obligation whatsoever.

"And now

my dear,

for something we both deserve after all that *shopping!

Tea at

LANE CRAWFORD'S

with some of those delicious lit- tle cakes and pastries.

They have intro- duced some more new cookies re- cently.

Have you tried them yet ?

Yes!!

Aren't they scrumptious !!!

WHITEAWAYS

FOR

CHRISTMAS SHOPPING

GIFTS FOR THE HOME.

EVERY WOMAN THAT HAS A HOME APPRECIATES A GIFT AT THIS SEASON THAT IS USEFUL IN THE HOUSE

CALL AND INSPECT

In

THE

GIFT ARTICLES

Our Furnishing Department.

FIRE IRONS.

COAL BOXES

CUSHIONS

THERMOS FLASKS CUT GLASS NAPERY

ALL USEFUL AND APPRECIABLE GIFTS.

FIRST FLOOR SHOWROOMS.

AT

WHITEAWAYS

OPEN EVERY EVENING TILL 6 PMA

יי

CHINA LIGHT & POWER CO.

VERY SATISFACTORY REPORT ON YEAR'S

PROGRESS.

AN AMALGAMATION PROJECT REJECTED.

Mr. R. G. Shewan, who presided over the annual general meeting of the China Light & Power Co., Ltd., shareholders held a York Building, on Saturday, was able to give a very satisfactory review of the last year's working. Gross profit had increased to nearly $545,000 as against 8531,000 the previous year, and a final dividend of 9 per cent., making 14 per cent. for the year," had been recommended.

Units sold showed an, increase of 20 per cent, and so great was the Company's development that the Directors had sought the. service of Mr. A. H. Preece, a well-known London expert, who had reported most satisfactorily on the Company's position and policy

DIVIDEND FOR YEAR 14 PER CENT.

The Chairman said:- The net profit available for ap- propriation, after payment of the interim dividend of five per cent. amounting

$170,100.74, to

8433,044.81, which we recommend be distributed as follows-In pay ment of a.Ânal dividend of nina per cent., making fourteen per cent. for the year, absorbing about 8732,000, and in payment of a bonus to the staff of the Company amounting to about 823,080, leav- ing a balance of about $78,000 to be carried forward.

The Working Account shows gross profit of 8747,186.53 against 8530.941.25 last year, an increase of forty per cent. The number of has increased from 12,945 in 1999 to 13,554 at the close of the year:

consumers

very serious consideration by your Directors, and after some negotia- tion the Hong Kong Electric Co., on May 23, wrote to us stating that unless we were willing to accept one of their shares for every five of the 800,000 shares in the Chins Light & Power Co., the Directors of the Hong Kong Electric Co. were unable to recommend amal. gamation to their shareholders.

The advantages of amalgamation were not lost sight of; but having regard to the future prospects of this Company, the terms offered by the Hong Kong Electric Co. were found inacceptable by your Direc

tors.

The pioneering efforts of this Company, attended as they were with discouraging results over a long period of years, have now begun to be rewarded, as the ae- counts

Bonus to Stax.

before you clearly show, Further large capital expenditure Units sold during the year rose will, however, have to be faced in to 13,133,526, an increase of 29 per order to cope with the increasing cent. It has been the special en- demand for electrical energy on the deavour of the Compaty to en-mainland; but, in view of all the courage and assist users of elec- circumstances, we anticipate that tricity for power purposes, and the expenditure will be fully justi- with this end in view the rate per fed. unit for power has now been re- duced to cents per unit for all motors, while special discounts are allowed on all monthly accounts of 8100 and over. For lighting, our charge, in accordance with our un- dertaking at the time we began to change our voltage, has been re- duced as from October 1 last to 18 cents per unit, with discounts "to. large consumers,

The Change of Voltage.

I think I have now covered all the ground, but before moving the adoption of the report and we counts, I would like to mention that the proposed appropriation of about 323,080 in the form of a bonus of one month's salary to the staff is one which your Direc- tors trust will commend itself to the unqualified approval of the shareholders. The satisfactory

In connection with the change of suits of the year's working have been produced by the united efforts of the personnel of all departments of the Company's business.

voltage, large areas have been com- pleted and much apparatus, such as fans, etc.. has been converted to the higher voltage. Much still re- mains to be done before a complete changeover can be effected.

With regard to consumers' de posits, which amounted at Septem-

ber 30 to 8282,815.05, we have tow decided to keep these entirely se

Most of us are aware that the Board had been faced with unusual and complex problems during the past yoor. The solution of those problems called for the exercise of tact, good judgment and fore- sight. That they were resolutely faced and, happily, as successfully overcome in "a manner entirely satisfactory to the shareholders, the report and, statement of accounts before us and the Chairman's speech, which, we have just heard, bear eloquent testimony. It is with very great pleasure, therefore, that I propose an amendment to the Chairman's resolution, viz., that, in addition, to adopting the report and accounts as presented, a fur ther appropriation of $10,000-the equivalent. of one year's fees-be made as an honorarium to the ex- isting Directora, as evidence of pur appreciation of their painstaking labour on aur behalf, to be divid ed as may be agreed amongst them. selves. I shall be glad if someone will kindly second my proposal.

+

Mr. M. O'Brien seconded.

The report and accounts were - then adopted, as amended by Mr.

Bradbury's motion.

Other Business.

The following business was niso

transacted by the meeting-

Re-election of the Hon. Mr. J. P. Braga and Eir Elly Kadoorie, .B.E., Com. Leg. Hon., as direc- tors proposed by Mr. C. F. Men- ham, seconded by Mr. A. H. Rum-

jahn

Re-election of. Messrs.

Lowe, Bingham & Matthews, and Messrs. Linstead & Davis, as auditors, at a a fee of $1,950 each firm-proposed by Mr. 8. M. Chura, seconded by Mr. M. O'Brien.

Dividend warrants will be ready on Monday.

וי

LESSON SERMON,

FIRST CHURCH OF CHRIST,

SCIENTIST. HONG KONG."

"Is the universe, including man, evolved by atomic force 1" was the subiect of the Lesson-Sermon in all Churches of Christ. Scientist on Sunday, December 21.

The Golden Text was: "God, who commanded the light to shine out of darkness, bath shined in our hearts, to give the light of the knowledge of the glory of God in the face of Jesus Christ" (11 Cor.-

4, 0).

Among the citations which com- prised the Leason-Sermon WIS the following from the Bible:. "Beware iest any man, spoil you ceit, after the tradition of men, through philosophy and vain de- after the rudiments of the world,

and not after Christ. For in him dwelleth all the fulness of the God-

head bodily. And ye are complete in him, which is the head of all principality, and power" (Col. 2: 8-10).

The Lesson-Sermon also includ- I now beg to propose the follow- been seconded shall be pleased to ing resolution, and after it hased the following passages from the Christian Science text-book, "Science and Health with Key to holders: That the report and ac- questions from share.

the Scriptures," by Mary Baker counts as presented to this meeting Eddy: "Christian Science presents unfoldment, not accretion, it be adopted and passed, that a final manifests no material growth from

Answer

end the universe" (p. 48). tion of the divine Mind to man

parate from the Company's fande dividend of per cent. on the paid molecule to mind, but an imparta- and to invest them outside the busi-is hereby declared in respect of the up capital of the Company be and nes of the Company. A formal financial year ended September 30 Declaration of Trust in respect of

1990, that a bonus be paid to the these deposits has been drawn up Company's staff equivalent to one and will shortly be available to our month's salary amounting to about consumera for their inspection. 323,080, and that the undivided Your Directors hope the adoption of this policy is one that constitu- profits of the Company amounting to $433,044.81, less the above appro- ents of the Company will appreci priations, be carried forward to

atc, inasmuch as it is one not generally initiated but a step which the Board bas decided, to take in the special interest of depositors

Profit & Lose Account for the fin- ancial year, 1929/1930.”.

Mr. C. A. da Roza seconded. - Tribute to "and Honarium for

Directors...

1.

As indicated at the last annual general meeting, an agreement has now been closed with the Governi-" Mr. B. W. Bradbury, in propos- ment for the supply of electricitying an amendment id:Gentle. to the New Territories. As I said ment,-We have all listened with then, we do not expect this branch the greatest pleasure to the Chair- will show a speedy retura, but we man's speech on the working of the are looking to the future and to the Company for the past financial great expansion which is now tak-year. "It is a review on which we ing place in Kowloon and which may all beartily congratulate 'our- must sconer or later extend to the selves, and it holds out hopes for New Territories.

the future regarding which we have An Expert from England.

every reason to be satisfied. After In view of the great development may now fairly hope that the Com many years of patient waiting, we of our business last year, your Dir-

pany is at last beginning to reap cctors decided that the time had

the benefits of its enterprise. That .come to obtain the services of a

the Company has been through very first-class consultant to report on difficult and anxious times, we must the position of the Company gen all agree. That the difficulties and erally and advise us more particuanxieties, inseparable from larly as to the steps to be taken to rioneer venture, have at last been epaure our developing on the most successfully met and overcome, we modern scientific lines. For this can entertain no reasonable doubt. purpose we engaged Mr. A. E

For this success we are no less Precce, of the well known firm of indebted to our Board of Directors electrical engineers, Messrs. than to the members of the Com- Preece, Cardew & Rider, of Lon-pany's Staff. As a shareholder of don, to come out from Home and long standing and holding a not thoroughly investigate our position inconsiderable interest in the Com- from a technical standpoint. This pany, I think I can safely say that be bas done, and your Directors the shareholders heartily endorse are pleased to tell you that his pre- the recommendation for the pay liminary report is a most satisfacment of a bonus equivalent to one: tory one to us and especially as re-month's salary to the entire staff. gards the steps to be taken in re They have justly earned this re- spect of the development of our un-cognition of their good services in dertaking.

the splendid results presented zo the shareholders to-day.

1

Hong Kong Electric Co.'s Ofer,

Before concluding, I have to Whilst recognising the excellent work of our staff, I must not with. mention that in March last we re- ceived an offer from the Hong hold shareholders' full need of Kong Electric Co. for amalgamalaise to the gentlemen of the tion on the basis of an exchange Board who, I feel sure, raust have of shares in the proportion of one given of their best in time, thought share in the Hong Kong Electric and anxious care, in the best in- Co. for every six of the 720,000 tercats of the shareholders, in shares which at that time compris order to achieve the very excellent

the issued genital of this Com „results. which ther This proposal was given placing before us.

pany.

KAIPING

HOME,

FACTORY

AND BUNKERS

COAL

FOR ALL PURPOSES

POWER HOUSE, TUGS & LOCOS

THE KAILAN MINING ADMINISTRATION,

Head Office TIKRISIN.

DOD WELL & CO., LTD., Agents, Hong Kong.

HE LOOKS

HAPPY!!!

- WHY ?

He has just

found out the

difference a

"VALET"

AUTO-STROP RAZOR

makes to life.

Obtainable from All Leading

Stores and Pharmacies.

ONLY THE VERY DAINTIEST

OF GIFTS WOULD APPEAL TO HER.

WE HAVE JUST RECEIVED A. MOST FASCINATING SELECTION OF

MULES.

Just One Splash of Delightful Colourings, GOLD, SILVER BROCADE, SATIN, VELVET, etc., etc.

Some with the Very Latest QUAINT SQUARE TOES and HEELS, Such Pretty Trimmings too-They are Really Charming.

A Gift of COMFY SLIPPERS from our large choice would please the most fastidious. JAEGERS so cosy,

CORDED & PLAIN VELVETS-With or

Without Heels, Leather Soles.

GAY COLOURED FELTS-With Felt or

Leather Soles, etc., etc.

IT IS IMPOSSIBLE TO DESCRIBE THE BEAUTY OF THIS NEW STOCK.

EACH MODEL IS A DELIGHTFUL SURPRISE.

Visit to LANE CRAWFORD'S

SHOE DEPT. Will Charm You.

We are Open Until 6 pm. To-day.