1930-03-13 — Page 6

Shirts

with two SoftTM Collars to match

A coloured ground of soft neat tone, relieved by a contrasting stripe, acts as an attractive "key" for an ensemble effect in which the shirt, tie and handkerchief match, or equally pleasing, tone with each other. The material is a fine woven Poplin; soft double cuffs..

$7.50, $8.50 to 811.50

Less 10% discount for cash.

Always we have" interesting items to show you, and your request to look them over, at any time, carries no obligation whatsoever.

Mackintosh's

HONGAY SMOKELESS EGGS COAL

FOR

HOUSEHOLD USE.

KEEP THE HOUSE CLEAN AND NEAT!

NOTE CHEAP PRICES

In lots of not less than half-ton; delivered to:-

Peak District (above Bowen Road) Bowen Road and Lower Levels Pokfulum Road Kowloon ...

FIR Tox.

$23.00

321.00

...$23.00 $19.00

Orders should be sent in writing, not by Telephone, at least 24 hours before the coal is required, and orders must be accom- panied by cash, obeque, or compradore order payable to SZE WAI & Co.

Please apply for prices of other descriptions of coal

for bunker, factory, and other purposes.“

TELEPHONE No C 6009.

SZE WAI & CO.

42, BONHAM STRAND WEST HONG KONG.

(CANTON BRANCH :-BZH WAI & CO., Lox Yu Bux Road. Canton,

'PHONE NO. 13650.)

STANDARD BRAND

WHISKIES

FROM OUR OLD. STOCK ARE BEING DISPOSED OF AT THE

OLD PRICES

BUY YOUR REQUIREMENTS EARLY

THE WING ON CO., LTD.

THANK GOODNESS

CAM INSURED

This might be your house!

Insure your residence against Fire

with

THE HONG KONG DAILY PRES HURSDAY, MARCH 13, 1930.

HONG KONG ELECTRIC CO., ITED.

CHAIRMAN SPEAKS ON QUESTION OF BLE AMALGAMATION WITH "CHINA LIT

NEW POST FOR GENERAL MAGER.

-

cannot impress upon you too strong ly from the shareholders' point of view the great savings that would result in our overhead expenses and the saving in production and cost. With these few remarks, gentlemen, I have much pleasure in seconding" the adoption of the report and no- counts as presented.

The resolution adopting the re- ports and accounts being duly car ried, the re-appointment of Mr. C. Q. S. Mackie and Sir Robert Ho Tung to the Board of Directora was confirmed, Mr. T. N. Chau proposing and Mr. J. T. Bagram seconding,

"I am convinced that an amalgamation of the under- takings would be to the benefit of bath shareholders zsumers, and regret that at present it is not possible to find a ngree- able to both parties," said the Chairman of the Kong Electric Company yesterday at the annual meeting of bmpany. The Chairman was referring to the negotiations for famation with the China Light and Power Company, which ince last year. It was indicated, however, that a possible bar amal-Taggart, seconded by Mr. Leung gamation might be arrived at in the near future.

..

The Chairman also took the opportunity to nanophat Mr. F. R. Marsh was relinquishing his position as Genergiager of the Company to take up the post of Consulting Engind Lon- dan Representative of the Company. The Chairmaerred to the good results achieved during Mr. Marah's term fee, and wished him a pleasant holiday and all success in his appoint.

ment.

pany.

tion of the two unakings would I am convinced tin amalgama be to the benefit both share- bolders and cousas, and regret that at present if not possible to find basis able to both parties.

Mr. C. G. §. Mackie (Chairman) The Proposed Amation. of Directors) presided, and was

Early last year bussed with supported by Sir Robert Ho Tung the Chairman of thina "Light Kt., the Hon. Sir Shou-son Chow, and Power Compane question Kt., Mr. T. E. Pearce, Mr. B. D. F.

of an amalgamatictween that Beith and Mr. J. P. Warren (Direc Company and ours, subsequent tors), Mr. F. R. Marsh (Manager)y your Directors the China and Mr. J. D. Butcher (Deputy Light and Power Qany an offer Manager). Shareholders, were re- to amalgamate on basis of an presented by Mesars. Tong Kim exchange of sharesley were un

able to accept odroposal, bot Kwong, T. N. Chau, F. L. Brown, made a counter-offhich we felt JH. Taggart, W. J. Stokes, Paul it would be impossp recommend Lauder (representing Union Insur-

to the shareholder this Com ance Society of Canton, Ltd.), Y. D. Sorby, C. B. Riggs, Tong Hia Fong, P. E. Barker, J. T. Bagram, Leung Fattin, Fung Kong Un, Leung Yan Po, L. E. Ozorio, O. F. Ribeiro, Ip Fook, W. F. Simmons, G. H. Potts, Wong Ping Sun, Chaa Seng Choo, Frack Austin (repre- senting A. David and A. J. David), Lo Chung Kue, Chan Quan Ting, During the last tears we have To Tso ing. L. J. Davica, A.-J.changed oth our h tension and Edgar, F. M. Ellis, Lo Kai Wing. law tension voltaj and also our Representatives of the Press, China frequency. This havolved heavy Mail, Hong Kong Telegraph, South | capital expenditubut has given China Morning Post and Daily us a moden and to-date systema Prem

which can be re extended to meet futus dela. I believe that the China ht and Power Company a ted to make similar changes in ir voltages and frequency, a whthey have com The Report and Statement of Ac-pleted this worked have also counts for the year ended December brought thei chang rates down 31, 1020, have been in your hands to cur level,t be possible to for the prescribed period, and with find a basis angamation satia. your permission we will take them factory to bol épanies. 98 read.

CHAIRMAN'S SPEECH. ... The Manager having read the notice convening the meeting, the Chairman said —

The net prost, after providing for depreciation, is $1,730,734.43, and with the sum of $97,131.60 brought forward from last account, we have 81,827,880.12 for appropriation and with this we propose: „ To pay a dividend of

22.50 per share ab

Your Directs sider that 1920 has been a story year, and I take this optity of record- ing their apprison of the ser vices rendered bythe staff and workmen.

'Mr. Marah's fappointment.

This is the last haion on which sorbing ............81,125,000.00 | Mr. Marsh will and the annual To place to reserve ...... 600,000.00 meeting as manag To carry forward to.

next account ........ 10,858.12 The amount of the dividend is 9187,500 more than last year, as the bonus shares of 1999 new rank equally with the older shares. I hope you will consider this increns- ed return satisfactory.

The profit on working exceeded that for 1928 by 866,263, in spite of the fact that a considerable re. duction was made in our charges far power throughout the year....

We have set aside an additional 285,044, making a total of $548.008, for depreciation, which leaves us with a net prost of $26,001 in excess of that for the previous year..

Increased Consumers. The output for 1990 was thirty-two million units, and the number of consumers has increased by 706 to over 30,500. To some extent the return for 1929 were adversely affected by the bright and sunny spring and the exceptionally cool summer; but there are signs that we are still maintaining a steady and satisfactory rate of increased output.

"

Messrs. Linstead and Davis were re-elected" auditors of the Company on the proposal of Mr. J. H.

Yan Po.

י

71

Appreciation of Mr. Marah's Services. Before the meeting closed. Mr. Taggart said:If I am in order, I would like to put forward a sug gestion which is not in any way connected with the report and ac counts of the past year. I am sure the general body of shareholders have listened with great pleasure to your eulogistic remarks, and also to other complimentary references to our retiring manager. I would like to suggest that, notwithstanding the fact that Mr. Marsh will in future be the London representative of the Company, some tangible form of recognition be provided for Mr. Marsh, and that provision be made in the accounts for the current year.

Mr. Bagram: I have much pleas sure in secouding.

The Chairman: Thank you for those remarks. This matter has: already been receiving the сол sideration of the directors.

WAH YAN COLLEGE,

COLLEGE OR SCHOOL: WHAT'S IN A NAME!

Mr. G. P. de Martin, whose wife kindly distributed the prizes, speak ing at the annual prize giving of the Kowloon branch of the Wah Yan College on Tuesday, said that there was a reluctanec in Hong Kong to call a school a school, and advised the authorities of this institution to change their name.

Presenting the report Mi. Chow Cheng Lam, the headmaster, said inter alia

This Brauch School was started in 1995, partly to relieve the congestion at the Mother School and partly to meet the increasing demand in Kowloon for better facilities for the study of English. In 1999 we shifted into our new premises where the class rooms are brighter and better ventilated.

This is the first independent Aantal report on the Wah Yan In College (Kowloon branch). He relinquishese management former years, our prize distribution ns from the 19th tant, when he was held together with that of the proceeds en leaverior to taking Mother School. During the year up his appointmelas Consulting 102 the highest number of roll wan Engineer and Lot Representa-20 and the average attendance was tive of the Compa

252 of 94 per cent, which speaki for the health of the School.

There have beegreat "develop ments in the untaking during Mr. Marsh's tenu of office, and your Directors angents wish to take this opportun of expressing their great apprecion of the valu able Bervices rened by him to the Company. Is Jargely due to his foresight and ganization that we have to-day at an up-to-date and well-equippedation at North

Point.

I desire to take this opportunity to thank all the members of the staff for their splendid co-operation and devotion to duty.

Health.

between the School and Dr. Y. Y. An excellent arrangement exists Tang of the Kwong Wah Hospital, whereby any pupil requiring medical attention is given a note and sent During Mr. Mah's period of forthwith for examination and treet- Bervice the capact of our plantment Treatment is free and the

ayatem is effecting a marked im has increased fro15,000 K.W. to 28,000 K.W., andie gross profit Frovement in the general health of from about sevenakhs to nearly the School and destroying the pre- two and a half billion dollars, judice which preferred the age-old These figures, I ink, speak for quack to the qualified medicul man.

Sports. themselves.

I am glad that Ir. Marsh's de- parture from the blony does not mean the severant of his connec tion with the Copany, and feel sure that his succeör, Mr..Butcher, You will notice that cash at hand, I will appreciate thfact that he can on current account and fixed de at all times rely the benefit of posit, WAS $387,010 a6 against his knowledge anadvice.

$114,500 at the end of 1928." No- thing else in the accounts calls, I think, for special mention.

The capital expenditure on "rew works during the year was 8913,441. the princinal items being plant and mains. The new 10.000 kilowatt turbo-generator, of which I made mention last year, was completed and placed in commission in De rember, and forms a useful addi- tion to our plant, which has now. a capacity of 28,000 kilowatts. We have laid during the year some eleven miles of additional high and low tension cables, and have changed over the remaining twenty six 2,000 volt feeder pillars, so that the whole of the transmission is now carried out at 6,000 volts, 3 phase. The change-over from the old 2,000 valt, single phase, system which was commenced eleven years ago has therefore now been com pleted.

་

I wish Mr. Msh a pleasant holiday and all seese in his new appointment.

I now proposehat the Report and Statement ofAccounts for the year ended Deccher 31, 1929, be adopted, and win this has been seconded I shall e. pleased to an swer any question you may desire to nak.

More Abonmalgamation- Mr. G. H P said that before, seconding the option of the re

port und nccount he would like to thank the, Chatman and his co- directors for thevery satisfactory results of last yes working which in spite of the Juction made in the charges for wer show an in- creased profit on he previous year. Mr. Potts contined-I fully en dorse, all you hay said about Mr.. Marsh, and althugh wẹ dre re: linquishing his Arvices in Hong Kong I am glad we are still retain ing him in Loads as consulting engineer, so that his advice will always be availabe to the Com

Our plant has been maintained in good order during the year, and we have been free of industrial troubles. During the typhoon which visited the Colony on August. 23 a pany.

THE GENERAL ACCIDENT FIBE AND LIFE ASSURANCE CORP., LTD. wind velocity of 117 miles per hour

For information apply

"AGENTS":

J. H. BACKHOUSE, LTD.

TEL No. 1788.

1A, CHATER Boản,

As regards the amalgamation be

was registered at North Point, but tween the two Companies I think it I am glad to say that no appreis a terrible calamity that this was clable damage was done to any of not brought about. I think a basis our plant or property.

The ten houses built on the Wan-

of amalgamation can be arrived as although we may have to call in. chai property have been let at a chartered accountints to get a valuation of both companies. I

satisfactory rental since May,"

Owing to lack of a large play- ground, our boys confine themselves to indoor garnes. Occasionally, football is played and this is done en the adjoining waste lot. In a few years, this land will be built on;

In November last, we presented

for the first time aine candidates for the Junior Local Examination and nine passed, with one boy secur ing Distinction in Arithmetic.

GERM

DILS

MADE IN ENGLAND.

ON THE WELLS-SOUTHCOMBE PATENTED PROCESS TO INCREASE “OILINESS"

There is a grade of "Germ" Oil for every Automobile. Sole Agents:

W. R.

LOXLEY & Ca

Manufacturers: HENRY WELLS OIL Co., Ltd., London, S.W. 1.

NINETY YEARS OLD !

Anniversary Sale.

In Celebration of the 90th Anniversary of our Entering Business, a SPECIAL REDUCTION will be made for Cash Sales from MARCH 15 to 28 inclusive.

Inspection Cordially Invited. KWONG WOO,

Dealer in Jewellery, Jade and Gold and Silver Ware, 66, QUEEN'S HOAD, CENTRAL

NUGGET POLEISH

ORTH

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