1931-03-19 — Page 5

·EVERY WOMAN LOVES

beautiful things,

EVERY DAY IT IS

some woman's BIRTHDAY or WEDDING DAY

or some

ANNIVERSARY which is important to her

HAVE YOU FORGOTTEN?

"OUR SELECTION OF FINE JEWELLERY is

BEYOND REPROACH

IN STYLE,

BEAUTY

and

VALUE

LET US SHOW YOU.

J. ULLMANN & CO.

Established 1880.

PARIS

HONGKONG-SHANGHAI TIENTSIN-PEIPING.

Gold Bar

YELLOW CLING PEACHES

Have Peaches whenever:

you want them

And such delicious peaches, too! Peaches from the most famous orchards in the world-ripened on the tree under California's mellow sunshine-picked for you at the moment of perfection and packed with all their natural goodness and flavor under the guarantee of the GOLD BAR label, Years of experience in the packing of fruits assure you a uniform high quality în any GOLD BAR product.

To enjoy canned peaches at their best, ask LANE CRAWFORD'S for GOLD BAR. They're packed two ways-halved or sliced-for your convenience.

LANE, CRAWFORD, LTD.

GROCERY. DEPT,

LATEST

GRAMOPHONE RECORDS

are obtainable at

THE WING ON CO., LTD.

(Music Department).

HONG KONG DAILY PRESS, THURSDAY, MARCH 19, 1931.

COMPANIES'

AFFAIRS

REVIEWED.

»¿Continued from. Page 4.)

HONG KONG ELECTRIC-CO.

Increase in Consumers,

I now propose that the report Referring again to the figures and statement of accounts for the for 1030 the output was 31,600,000year ended December 31, 1930, be units and this showed a gratifying, adopted and when this has been increase of some 7 to 9 per cent. Breonded I shall be pleased to an The number of consumers also in, swer any questions you may desire

to ask. ereased by over 2,000 making a tutal of some 32,877. It was large-

ly owing to these increases that

Mr...Taggart's Speech. Mr. J. H. Taggart in seconding

the results shown in the year were the proposal said:-Mr. Chairman as satisfactory as they have turn-and Gentlemen: ed out to bo.

Government rates have increased and are to be further increased in the future.

| long spared to enjoy, it will doubt- iena be a suurpe of no little antis. faction to Mr. Wickham to watch the steady progress made by the undertaking upon the origin of which he bestowed much labour; with which he has been so long and. honourably associated, and to the success of which ho has largely con- tributed by his acperb-advice----

In conclusion, Mr. Chairman, I would like to take this opportunity to congratulate the Board, the General Agents, and the personnel of the Company, on the results of the year's operations, which results reflect not only great erodit on the abio administration exerted, "but hear also eloquent testimony to the soundness of the policy pursued in keeping abreast of the times in the mattor, of modernization of tho plant, resulting in substantivo de monstration of the stability of the Company,

Mr. Chairman, I bave much pleasure in seconding the adoption of the Report and Accounts,

Re-election of Directors.

In rising to second the notion from the chair, I fest confident that I voice the unanimous views of shareholders present when I

On the proposition of Mr. P. You will notice that cash at hand affirm that we have listened with Smith, Mr. J. P. Warron and the

Lauder, seconded by Mr. W. E. I and with the Hong Kong & Shang- little interest to the very lucid Hon. Sir Shou Son Chow were re bai Banking Corporation was resume you have given us covering elected directors for the ensuing $1,411,795 as against 9597,010 at the the affairs of the Company for the Davis were re-elected auditors on year, while Messrs. Linstead & end of 1929. A considerable porpaat year. I an equally confident, the proposition of Mr. Wong Ping tion of this aun would, in the also, that shareholders are at one

Sun, seconded by Mr. F. Austin. ordinary course, have been placed with me in regarding the results suggested that the Company should In a short speech, Mr. F. Austin on fixed deposit, but rates for achieved as eminently satisfactory, try and popularise the use of short terni deposits offered little

particularly in view of the some.clctricity for heating and cooking, inducement owing to the aksy state

especially with the Chinese com what abnormal conditions of the money market

pre-munity. He added that if the valent during the major portion charges were out down to

the period under review,

minimim, he felt sure the results then informed Mr.. Austin that would be very good. The chairman the matter was already engaging the attention of the managers,

There are, I think, no further points in the accounts which call for special remark...

The serious drop in exchange experienced during the year con- stitutes QF extremely adverse factor to G the nature of its activities, is, com Company which, from

pelled to maintain a large in- dentured personnel, is of necessity a heavy consumer of imported foel, and has to meet considerable gold commitments from time to time in financing additions and re placements to plant, etc.

On June 21 the No. 1 alternator developed a fault whilst on load and the ensuing fire destroyed the high tension windings of the machine. This turku set was par chased in 1918-1919. For some years, owing to its small capacity and relatively high steam consung- tion it has only been kept in ser vice as part of the spare plant.

In view of the steadily increasing output we think our reserve, power

Whilst touching upon the subject should not be diminished and al- though a complete repair of this of exchange. I feel sure Sharo munchine was possible your Diree holders and consumers alike will lars decided to dispose of the same and to proceed with the installnote with satisfaction; Mr. Chair tion of a further turbo-alternator may, your statement intimating in the new turbine rooni,

that an increase in the price of current will not be imposed unless conditions develop to reader such

It was also considered advisable to take advantage of the greater economy now obtainable from the higher steam pressure in general action imperative, and, fur- use and to adopt the pressure of thermore thant in such an event 400 e, per square inch for the reasonable notice would be forth. new plant. Tendors have been ab-

tained and contracts entered into coming from the Company, I ven- for the supply of a 12,500 kilowatte to think that, from the view- turbo-alternator with two boifora Point of Shareholders, such an suitable for this higher pressure, action could only be regarded as together with the necessary switch, regrettable, when it is taken into an increased gear and auxiliaries, and it is consideration that

price tends to restrict consump hoped to have this new plant in

Lion; whilst to the consumer any operation early in 1932.

rise in the price of necessities là Always unpalateblo.

The British Thomson-Houston act No. 8 which was installed in the new building during 1020 was constructed in such a manner that

it can be converted to the higher steam, pressure with increased xonomy in operation, and this conversion will be undertaken as

in as the new plant has been put

into commission.

The old No, turbo set has been sold, at a profit and the balance at the credit of this account amount ing to 87,329,76 has been placed to. the credit of No. 2 turbo-alternator account.

Price to Consumer.

mind that this Company has at all However, it must be borne in

times accorded the utmost con- sideration to the consumer, and has

rendered excellent service at rates

bearing

favourable

comparison

with the ratos charged by similar. public utility organisations, mani cipal or otherwise, in other parts of the world. As a concrete exam. ple of ths, it is interesting to note that, based upon this Company's existing maximum charge of six- teen sents for even one or two lights only, the sterling cost per

SERVICE TO READERS.

#1

TPRESS, LTD., and the HONG KONG WEEKLY PRESS, through their London Office, at 53, F STRENT, EC. 4, are prepared to give Eubscribers and Visitors' advic regarding accommodation available, motoring facilities, suitable shop. ping centres, etc.

HONG KONG DAILY

If, when it home, they will call or telephone to the shove address,

they will receive the utmost assist ance and the latest available infor mation on all subjects of enquiry will be placed at their disposal “

մ

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A SHIPMENT OF

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SHORTLY

CLASSIFIED ADVERTISEMENTS

PREMISES TO LET.

POSITION VACANT.

10 LET-From 1er APRIL, 1931, WA Child Who attends Morn.

TTRACTIVE Three Roomed

JANTED ENGLISH NUBBE FLATS ín HUMPHREYS GROUND FLOOR, NË. BUILDINGS, Kowloon. All Modern | CAMBAT BUILDINGS (302, Nathan ing Bohool-Reply to Box 484, c/o Conveniences.

Also Bit

Roomed Road, Kowzoo-Apply to: CREDIT Hong Kong Daily Prous HOUSE in MINDEN AVEFUR-Apply | FONCIER DEXTREME ORIENT, HUMPHREYS ESTATE & FIN: FRENCH BANK Building (4th floor). ANCE CO., LTD., Alexandra BuDinos,

(411

[243]

O LET-GROUND FLOOR of No. 8, DES VORUX ROAD CENTRALY At present in the Oconpation, of the NETHERLANDS INDIA Coxuza. DIAL BANK, Available from ler APRIL, 1981. Apply to DAVID SASSOON & Co., LtDimens Tabard

(10308

TOLET-PRINCE EDWARD

4

TO LET For Six Months From 1st MAY, Furnished FLAT of Three Rooms and Two Bathrooms, Modern Convenience and Bervants Quarters. Apply Box No.: 433, oo Hong Kong Daily Press.

[483

[481

PREMISES WANTED.

0%

FFICE ACCOMMODATION REQUIRED by Well-known EUROPEAN FIRM, about 3,000 Square Ferite giving Full Detalls to Box No. 35, oo Hong Kong Daily Press,

[485

WANTED. WANTED-Strongly-bait. 25 Et

MOTOR LAUNCH, with Cabin, Spood about 10 Knote, Heliable Motor Heply; KAILAN MINING | ADMINISTRATION.

[489

B. Wickhamn has handed over the unit at exchange 11d. equals 1.76 FLAT with All Modern Conveniences PEAN FLATS with Flash and All! WANTED TO BUY-- SMALL

at

Mr. W, H. Wickham, Since we met last year Mr. W.

London representation of the Com-pence, and at exchange 2/- equals pany to Mr. Marah. Mr. Wickham.84 pence, whereas in England the WLS originally connected with rate for lighting ranges from 3d, Measre. Johnson & Phillipa and to 6 pence per unit. I submit that came out to Hong Kong on busi- these comparative figures demon. nesa connected with that Firm in strate very forcibly the fact that 1885. About that time it was de- the local consumer has received the cided to form The Hong Kong benefit of an efficient servicò at an Electric Company, Limited, and extremely moderate charge. advantage was taken of Mr. Wick- The figures you have gives UA ham's presence in the. Colony to with regard to the increase achiev- get him to draw up a general ed in the unit output are pleasing, scheme for electric lighting. His and provide an element tending to proposals were adopted and he was the confusion of those critics whose responsible for the erection of our pessimistic pradictions have original station. On the completines inferred that this Company's tion of same he was appointed the output is rapidly nearing satura. first Manager of the Company and tion point, the we have had the advantage of his As a matter of interest, it would valuable services for a period of appear from the figures referred over 40 years.

to that present consumption is in It must be very gratifying to Mr. the vicinity of 70 units per capita Wickham to have watched the of the island populaton, whereas, continual growth and prosperity of according to my impression, in the undertaking which is due in England the unit consumption no small measure to his careful reaches 400 to 500 units per capita guidance in the earlier stages of of the population. Due regard its eareer.

must, I know, be paid to the some When Mr. Wickham retired your what different mode of life pre Directors, requested me to convey to vailing, nevertheless it would cor hum an expression of their apprestainly appear that what may be eintion of the work done by him, termed the spectre Saturation during his long and faithful ser- Point" is a phantom at present vice. This appreciation has been far beyond the horizon no far as further marked by a small pre- this Company is concerned, not- sentation. We hope Mr. Wickham withstanding the somewhat circum- nay be long spared to enjoy his scribed- area within which "it' well earned leisure.

“operatos, e

1

In view of the difficulties which Shareholders will undoubtedly have been experienced during 1030 desire to be associated with the yor Directors consider that the to Beard in their expression of ap

ults have been satisfactory and Ipreciation to Mr. W. H. Wickham' once more wish to express their in respect of his pioneer work and appreciation. of the services render-valuable services on behalf of this ed by the manager, staff and work Company continuing. over the. men and with, this I am sure the lengthy period of aver forty years. shareholders would like to associate In bis. well earned rotirement, themselves.

ment, which we trust he will be

TO LET-Nos, 15 To 24, FUNG

FAT TERRACE, Vados B01 HAPPY VALLET 3-Boom NEW EURO- and Gamge. Apply to: CREDIT Modern

PUP 01 PUPS. Good Home. Conveniences. Moderate Price must be Moderate. Please write FONCIER D'EXTREME-ORIENT, Rental-Apply to THE WING ON Co Box 481, of Hong Kong Daily Pra 4ht floor Faenon BANK BUILDING [286 LTD., Estate Office.

[446

(481

PRE-PAID

ADVERTISEMENTS.

The following dassss of advertisements are charyed at the price given below:-"- SITUATIONS VACANT.

HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LET- MISCELLANEOUS WANTS,

When so required replies to pox numbers will be posted to adverties daily. Extra stamps - for postage should be remitted.

All advertisements must be authenticated by the name end addrasa of the sender' Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid Rate of One Dollar for THREE INSERTIONS. If Charges collected, $1.50.

Pleass inserts

Signature

THIS FORM MAY BE USED.

Enclosed.

Address

Address:-The ADVERTISEMENT MANAGER, "Hongkong Daily Press,"

11, los House Street, or P.0). Box 1.

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