1930-08-11 — Page 2

FIRST STILL

1627

STILL FIRST

1927

Consumers are requested to see that every bolils of John Haig Gold Label Whisky as supplied us bears the foot label thus: "Gands, Price & Co., Ltd., "Sula Agents for Hong Kong."

SOLE AGENTS:

GANDE, PRICE & CO., LTD., St. George's Building, Ice House Street, DIAL 20135..

PHOSFERINE

IS. "

THE GREATEST OF ALL TONICS

invigorates brain and body nitur- ally, and is given with equally good results to the children as to adults. The advantage of taking Phosferine is immediate-it has real and lasting benefit upon everybody's system, and makes you well and keeps ..you well.

HONG KONG DAILY PRESS. MONDAY, AUGUST 11, 1930.

THE P. & O. BANKING CORPORATION.

A. DIFFICULT YEAR BUT, SATISFACTORY RESULT.

On the motion of the Chairman, seconded by Mr. W. E. Preston (deputy-chairman), a dividend of 5 per cent., less income-tax, was ap- proved, payable on July 18.

The Directorate.

The retiring directors, Mr. W. E Preston, Mr. Colin E. Campbell, Mr. E. F. Mackay, and Mr. A.

LORD INCHCAPE ON EASTERN Mackay, and Mr. A. D'A. Willis,

TRADE.

were re-elected, and Messrs. Peat, Marwick, Mitchell & Co.. were re- appointed auditors.

The Chairman proposed a resolu The tenth ordinary general meet-tion increasing the remuneration of ing of the P. 'O. Banking Cor- the directors. He said that he made poration, Limited, "was held on

that proposal with the less hesita tion, as he himself drew no fees as July 11 at 129, Leadenhall Street,

a director of the company, London, E.C.

"The Right Hon, the Earl of Inch cape, G.C.S.I., G.C.M.G., K.C.LE. (the chairman), who presided, said: The result of the year's trading has left us with a profit of £107,315 4 4d, which is slightly in ex- cess of that shown in the prevións year,

There has been some variation in our balance-sheet figures which I will proceed to explain. Last year there was a decrease in our loans, and you will observe that this year the figure has been restored to the normal amount to which we have been accustomed.

The special causes which last year induced us to lighten our holdings disappeared, we have increased our loans against such investments.

There is also, as you will see, a gratifying increase in our current, deposit, and other accounts, which have risen from £7,250,000 to over £3,000,000; against these liabilities we are holding a large amount of cash in hand, and with an increase in the item of bullion in hand the figure of our resources available to meet our liabilities on current ac count stands at £1,532,000. advances to customers continue on

The resolution was seconded by Mr. E T. Hargraves and carried unanimously.

Mr. Hargraves proposed a vote of thanks to the chairman, direc- tors, management and staff, re- marking that shareholders might rest perfectly satisfied so long as their interests were in the hands of Lord Inchcape and his colleagues. (Hear, hear.) They had achieved wonderful results in a difficult' year, and he thought it would be the wish of the shareholders to thank the board and management for the admirable way in which they had carried out their duties, (Cheers.)

The vote was seconded by M. Pitt and unanimously accorded, a brief acknowledgment by the Chair- man concluding the proceedings.

UNCLAIMED LETTERS AND

RADIO.

A General Post Office notifcation gives the following unclaimed cor respondence, etc., waiting at the Post Office, and also unclaimed radio telegrams at the Radio Tele graph Office, Government Build- Ong

Bills receivable are considerably up on last year; they are nearly £6,000,000, as against just over £3,000,000 in the previous sect. Our investments have increased by

2070,000.

Poste Restante Correspondence. much the same level as in the pre- HONG KONG

Miss L Barbat, John Baker, W. vious year, and I am glad to say. Brotherton, E. Gruno, S. A. that they are all in a good and Carlson, Mr. had Girs. Donaran healthy condition.

(Imperial International Communi. cation, Ltd.), E. Dilley, M. Eller- ton, Eastern Trading Co., Ltd. W. G. Gong, H. K. Hutchinson, Miss Grace Humphries, Mrs. S. Johnson, Lee Wing Sun. Miss N. Legg (Mai- son D'orbry), Dr." A D. Maxwell, Overacas Trading Co., Miss M. "O'Leitch, Pritchard & Co., Miss Q. Richards, Miss A. D.. Sikog (The Manse), M. Simon, R. T. Sexton, Harry Shutte, P. H. A. Sharpham, S. Van, Der Sluis, M. Thistle, Miss Betty Waterman (Eastern & African SS. Line), Miss J. Wu (s.3. Fulda), Mrs. H. J. Williamson, Rev. I. W. Wright, D. R. Weerappuli.

PHOSFERINE

HE CREATEST OF ALL:TONIE:

Endorsed by athletes and brain workers the world over. From the very first day you take Phosferine, you will gain new confidence, new life, new endurance. It makes you eat better, and you will look as fit as you feel,

Honoured by commands from the British Royal Family, H.M. The Queen of Roumania, H.M. The King of Spain, H.M. The Queen of Spain, etc., etc.

PHOSFERINE

influenza

Debiliry

THE GREATEST OF ALL TONICS FOR

Indigestion

Sleeplessness

Exhaustion

Neuralgia

Werk Digestion

f

Loss of Appetite

Lassitude

Neuritis

Mental Exhaustion Anaemia

Nerve Shock Malaria Rheumatism Headache

Sold in 3 sizes, Liquid or Tablet, by all good Chemists

Also take, PHOSFERINE HEALTH SALT- the Tonic Saline-it tones as it cleanses!

Londen, Eng. Proprietor: PHOSFERINE (Ashion & Famoni) Ltd. La Belle Sauvage,

Agents: W. R. LOXLEY & CO., Hong Kong, Telephone 23 3

HONGAY SMOKELESS EGGS COAL

FOR

HOUSEHOLD USE. KEEP THE HOUSE CLEAN AND NEAT I

NOTE CHEAP PRICES:—

Fa lots of not less than huif-ton; delivered to:-

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

14

PER TON.

$29.00

$21.00

$22.00

**$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 EZE WAI & co.

Please apply for prices of other descriptions of coal

factory, and other pur

TELEPHONE No. 25009.

SZE WAI, & CO.

43. BONHAM STRAND WEST, HONG KONG. (CANTON BRANCH 10SZE WAX & CO., Lox Yu SUM ROAD, CANTON:

"PHONE NO.-13650,)

Over-Production of Commodities

and Decline in Prices.

Instability in a markets and throughout the world has been the keynote of 'the past year. Bank rate, which as March 31, 1929, was 5 per cent., at the close of our rear had been reduced to per cent. after, undergoing six changes. International money conditions have been affected by these fuctuations

Registered Articles. """""

L Adler. Maison Alexander (In- to an unusual extent. Commodity stitute de Beaute). Harold Chiang, prices have suffered a severe and H. Cooper, me. L. Duverdier, E. continuous decline, which is esti-Grnetz. Lee Sak-kow (c/o Wang nated in respect of those con Ching Wei), Tonkin & Co., Mr. modities which form the subjectMax. or Mrs. Rahel Tonnelier, Yeo of Index Numbers at not less than Tey Beng.

12 per cent.

Throughout the world there has been over-production, more parti- cularly in raw and primary mate- rials for industrial production, I may instance in illustration the large supplies of wheat and cotton, the first of which is estimated to amount of 1,500,000,000 bushels, na against 1,455,000,000 bushels a year ago; while the world's visible supply of cotton is estimated at 1,200,000 bales higher than a year age. Until this surplus of supplies over demand is overtaken by the Consumptive capacity of the world we cannot expect to see a stabili sation of prices aufficient to restore the confidence which has been dis- turbed by the severe depreciation to which I have referred."

Dificulties in India and China. In India and the Far East two additional causes have affected the volume of trade and aggravated the difficulties of the economie condi- tions to which the whole world has been subject. In India an acutë 'hostility to established authority and a boycott of British goods have rendered business very difficult and in many cases impossible, while in China the almost daily continuance of the fall in price of silver has dislocated both the import and ex- port trades and has reacted on the stability of existing trading firms.

In conditions such as..I have sketched above trading has been unusually difficult, and We are greatly indebted to the manage- Ident at home and abroad for the results achieved, and I feel sure you will with to tender our cordial thanks to all our staff at home and abroad for their care and efforts on our behalf,"

Progress of the Allahabad Bank.

Our affiliated bank, the Allahabad Bank, has again, I am glad to say, made good progress. Like all other Indian banka, which must neces sarily hold a large amount of Indian Government securities, they have not escaped the effect of the sharp fall in the prices of these invest ments. A very considerable pro portion of this fall will be recover- ed when these securities mature, and by far the greater proportion of the Allahabad Bank-investments

within the next four years.

The Chairman concluded by mov ing the adoption of the report and accounts.

"

The Right Hon, the Earl of Selborne, K.G.. G.C.M.G., second- cu the resolution, and it was car ried unanimously.

Unpaid Correspondence.

R. E. Johnson (s.s. Steel Trevi- lar), H. McDermid, D. P. Tahilig.

Radio Telegrams.

Mrs N. Bert Smith (Hotel Pen- insula) from Oklahoma City; Yu Yuen Fook, Queen's Road East from Macao; 6410, 0966, 6034, 7456, 0689, 6377, 5714, 6062, 0407 from Wuchow; Yuk Yee, Kai (Savoy Hotel) from. Chichibu Maru; 3886 from Tsing- fao; Tuen Lai from Makaiser; 1129, 2639, 0794, 1048, 0149, 3781 from Canten; Ming Yick from Swatow; Chatazsoe from Saigon; Allera. Feteol from Bangkok 2424 from Yingkow; 0465 from Swatew; Gar- chuong from Cholon.

ADVICE FOR INVESTORS.

R

EADERS are reminded that inquiries relating

to the share market are answered on page. 12 every Tuesday by "Kufan." Let ters should be sent to this office, and must be secom- panied by the coupon appear ing below, benging the, writ er's name and address, not. for publication. "Letters should be addressed to "Kufan,” care of the Editor, Hong Kong Daily Prese

"KUFAN" COUPON.

Name

Address

Nom de plume.

H.D.P.11

BEAUTIFY THE THINGS IN YOUR HOME.

RATHER THAN SPEND A CONSIDERABLE AMOUNT OF MONEY AT PRESENT RATES

OF EXCHANGE IN BUYING NEW CURTAINS AND LOOSE COVERS, HAVE YOUR PRE SENT ONES DYED OR DRY CLEANED.

CARPETS AND RUGS, SPECIALLY SHAMPOOED.

THEY COME BACK CLEAN AND BRIGHT.

OUR CHARGES ARE REASONABLE

AND OUR SERVICE PROMPT."

THE STEAM LAUNDRY COMPANY,

Sanitary Laundrymen, Dyers and Dry Cleaners. HEAD OFFICE & WORKS: MONGKOK; TEL 57032 (KOWLOON HOTEL DEPOT) HONG KONG DEPOT 18, STANLEY STREET; TEL 21879. (PEAK HOTEL DEPOT) PENINSULA HOTEL (VISITORS ONLY). HONG KONG HOTEL (VISITORS ONLY)

ON MONDAYS

He can live without love,

What is passion but pining ?

But cicilised man cannot live without

dining,"

Owen Meredith.

He used to be rude about the cold joint and allude to it as "Ichabod " And poke the tomatoes about to find one that wasn't squashy, and leave the apple tart's pastry on his plate and talk about heavy handed cooks and....

Well you know-how things used to be on Mondays... till you thought of that shattering retort, "All right, you buy me a Frigidaire then f"

Of course, he did in the end-and now Monday sees Ichabod metamòr- phused into volan-vent, since cook's patry has miraculously acquired a flaky lightess (only because he 'ebills it in Frig daire before popp og it in the oven), and the sulad always acema fresh picked, it's so cool and crisp, and everybody wants to know the secret of your household market- ing because they've never enten such tender steak, my dear" (which, of course, is due to Frigidaire again), and he swears Frigidaire would be worth twice its price if only for the difference it makes to beer, and

we could go on for hours like this, but how about you having a Frigidaire of your own? The very latest models, fitted with Hydrator and Cold" Control that produces frozen sweets, ice creame in a jiffy, can be installed in your kitchen for a very small sum Fully automatic. Dead silent. Costs only a few cents a work to run. Start seeing about yours by seking

DODWELL & CO., LTD. QUEEN'S BUILDING

"to send you complete information

about Frigidaire.

Frigidaire

"THE QUIET AUTOMATIC, REPRIGERATOR

OVER

1,300,000

FRIGIDAIRES

IN

USE