1931-03-28 — Page 6

Order

now!

There is a particular reason why you are urged to order now and not to leave it till later.

a

The new fabrics are now in. Many of them are very ex clusive in design and strictly limited in supply, In business like ours, obviously We cannot sell very many of the more distinctive

suits or they would soon cease to be distinctive. If, therefore, you would like the "pick of the choice an early visit is more than desirable it is imperative.

Mackintosh's

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

BEYOND REPROACH IN STYLE BEAUTY

and

& VALUE

LET US SHOW YOU.

J. ULLMANN & CO

Established 1860.

PARIS HONGKONG-SHANGHAI TIENTSIN-PEIPING.

Paints, Enamels Varnishes, etc.

FOR EVERY PURPOSE

WILKINSON,

HEYWOOD

& CLARK

SHANGHAI HONGKONG-TIENTSIN

AGENTS IN ALL PORTS

BRAND

HONG KONG DAILY PRESS, SATURDAY, MARCH

ROPE COMPANY'S GANDE, PRICE & CO.

PROFITS.

GOOD START FOR THE YEAR

-

FUTURE PROSPECTS UNCERTAIN

GOOD RESULTS DESPITE

HARD TIMES.

BONUS TO STAFF.

28, 1931.

LOCAL DENTIST

FINED.

NEGLIGENT DRIVING ON STUBBS ROAD.

Mr. 8. C. Pank took the chair | UNLICENSED DRIVER FINED. nt the meeting of shareholders of Messrs Gande, Price & Co., Ltd., yesterday, when he reviewedi very satisfactory year's working and In addressing the gathering he

The annual ordinary meeting of the Hong Kong Ropa Manufactur ing Company was held yesterday Mr. R. G. Shewan "occupying“ the chair: Although last year's turn-

You will observo that our working over showed a marked increase, the profit for the year under review has Chairman said he did not care to

inorensed by 81,247.45, which, in prophesy concerning the future. view of the difficult trading period So far, they had begun the year through which we are passing your wall, but, in the face of the fluctundirctote consider as satisfactory, tions which take place in the price of raw material and exchange, ft. was not safe to say more.

The satisfactory resulta obtained during the year under review were remarked upon by a shareholder, who proposed that a bohus be paid to the staff for its loyalty and Co-operation.

Tho_usual-trafße-summonses-were-

heard before Mr. Schofield at the Central Magistracy yesterday,

Dr. O. G. Wittern, a local don tist, was summoned for negligent the driving on Stubbs Rand on

March afternoon of

8. It was alleged that he attempted The results for the year show a tri overtake & ear от a bend balance transferred to the credit and narrowly missed colliding of Appropriation Account of 858,077,53, an increase over the with a vehicle ascending the hill. previous year of 244,801.02 This

The defendant denied the charge. a mainly due to the special profit

Mr. H. E. Goldsmith, Assistant of 841,500.83 realisod from the sale ot a portion of our property, or,

Director of Public Works, said. in other words, approximately 40 that on "March 8 he was in a mo per copt, on our Prayn East Rotor car which was proceeding up clamation holding.

k

Mr. H. O. Shewan, was support- ed by Mr. J. Scott Haraton. Hon. Mr. 3, P. Braga, and Mr. 1.

The trading proût is 810,410.70 Stubbs Road at about 4.30 p.m. At Kadoorie (Directors) and Mr. J. Coulthart (Secretary), whilat share Bainst 87,176.51 for the previous the first bend below Bowen Road, holders present were Messrs. J. Jhich includes an increase on pro-ing the corner, another car some

yehran beronse of 83,234.19,4}}^

'as' his' car ‘opened" out after turn- Goan, A. Xavier, K. Stuart perty rental of $1,012.07. Smith, Chin Win Kou, Kelly Snyce. O, F. Ribeiro, J. A. Wright, property is now fully let, and this jun, B. Wong Tane, F. H. Kew, tained in the future.

year's rontal should be fully main W. A. Zimmern. K. P. Yeung, A. L. Shields, T. W. Shewan. J. Dick. 1. Toonin, H. Dreyer. A. A. Botel ho, J. F. Tavares and Choy Wing Hay.

CHAIRMAN'S SPEECH Addressing the meeting, Mr. Shewan said:--

"

Applied Brakes,

yarda ahead was on the same side of the road as his. It was just pulling out from behind another The amount of 84,000.79 brought forward from credit of Profit and car, while a third car was follow- Loss Account for 1929, makearning the second one, total credit of 856,088.32 for ap- propriation, which your directora recommend to be allocated na fol- lows:-Payment of a dividend of 5 per cont., absorbing" 89,032.50; a bonus of 10 per cont. absorbing 918,105a bonus to the managing director of 6 per cent., ahsarbing car being pulled in to its correct: 82,078.34; and benus of one side of the road, with the result, month's salary to the staff, absor-that the dirver of the end car had!! bing 81,575. This leaves a balance af 825,257.48 to be carried forward to this year's account.

Bonus to Director.

To avoid an accident, the driver of the up-going car had to apply. his brakes immediately and bring the car to a standstill, the other!

to apply his brakes and pull to tho sido of the road, colliding with the wall

The gross revenue amounta 8221,016.09, and after deducting directors and auditors fees, depre- ciation, interest and commission to general managers, there remains a nett profit of $181,774.00 for the year, which compares very favour ably with the corresponding figure for the previous year which was 808,770,30.

Your Directors wish to state that Transferring

the

amount of

the amount of 841,866.88 profit $181,774.90 to Profit & Loss Account realised on the sale of the property thero is ra balance at credit of was mainly due to the foresight of 8340,807.07 which your directors re--|-your. managing director, and commend beldealt with as follows:

therefore, they feel confident you To pay a dividend of-- ***** will agree with them that the bonus

73 cents per share,

allocated to him is fully deserved. absorbing www... $150,000.00

As you are aware, much of the To write off factory

success of the Companys dito to property at Ma-tau-i

the untiring efforts of our staff. kok

100,000.00Year after year we have had con.Witness was not able to say how

To place to credit, of Typhoon and Flood

Account

To write off plant and

machinery... To carry forward to credit of next year's nccount

jaistently good services from them, and I think you will all agree with 5,000.00

me that we should this year at least make some more fitting re 15,807,97 ward to them than a formfl vote

of thanks. ***AN br AW

70,000.00

$340,897,07

The board have suggested a bonus of a month's salary to each mem her, and I am sure their sugges tion will meet with your unan mous approval, (Applause,)'

Witness intimated that the second car, which the defendant had beeni driving, did not stop, but it was, possible he was not aware of tho accident.

The defendant, when asked if he had any questions to put to the witness, said that when he about to overtake the front car it. was about 80 yards from the

corner.

де

far away he was, but said the de- fendant was approaching the curvo without actually being on the curve at the time.

The defendant, in evidence, anid that the car in front of his had ben travelling at about 15 miles an hour, and as he himself had been going at about 30 miles, he tried to overtake the front car He' sounded his horn and 'as" he was, about to pass, the front car ac In rising to second the adoption celerated speed. When the front of the report and accounts, Pangwheels of witness's car had reached Kwok-siu; said --On behalf of the shareholders I second the proposal of the chairman. I wish to con regratulate our directors for thely slowed down, at the same time

With regard to the dividend of 73 cents per share your directors consider that this amount is fully justified in view of the conservative policy which they adopted in the hilocation of profits for 1029.

The turnover for last year shows la marked increase and this is

flected in the accounts now laid before you and which I think you 'will agree with' me are satisfactory

Services Appreciated.

the rear wheels of the front car, witness noticed another vehidle ns- ending the hill and he immediate,

drawing behind the front car.

Witness know nothing of the ac cident until he mot a friend who

melent management, and their staff on the good results achieved during the year under review. In view of the abnormal conditions had been driving the third car. that have existed during the past He went back to the scene and tak year, I consider wo Aro extreming hensurements, found that the fortunate in having such a antis accident to the third car had oc factory Balance Sheet plated before currel 60 yards from the bend.

118.

Kennedy Town Bents, The total amount of rent collected for the Kennedy Town houses was $31,093.95 ΠΕ compared with 801,830.76 for 1020, and 321,338.73 For the Mn-tau-kok property an

I fully endorse the compliment- Compared with 817,420,22 for 1029,

An regards the prospects for theference to our managing director

nry remarks of the board with re present year I do not care to prò-. phuey; but, so far, I may ady w have began the year well. In the

fner of the Bluctuations which take Tlace in the price of raw material and Exchange it is not safe to say

more than that.

I cannot conclude my remarks without referring to the blow this Company has sustained in the death of our late works manager, Afr. W. Gardner, in August last. We doplore his loss as the loss of hot only a gifted mechanical en gineer, which he was, hut also of one who was a most trustworthy and faithful servant for over 43

Jeara.

I am quite sure that you will pprove of the donation to the widow of the late Mr. Gardner, of $2,500 which appears in the ag counts and which is, of course, in addition to what he was entitled to from the provident fund."

.:

Ridiculous" Speed.

His Worship said there really did not seem to be very much cons and the staff of the company, and fict of facts, but he certainly the adoption of the roport and every dangerous speed to be going have much pleasure in seconding though 30 miles an hour was a

on the wrong side of Stubbs Road

Inspector Alexander Agreed and described it as a ridiculous speed.

Įcounts.

The motion was carried unanim ously,

Mr. Kenneth Chan, the retiring Director, was re-elected, upen the motion of Mr. C. Bond, seconded by Mr. D. Rumjaħn.

The auditors. Messrs. Lowe, Bingham and Matthews, were re- elected upon the motion of the Chairman, seconded by Mr. Leung Yan.po.

Those Present, Supporting the Chairman were Mr Loung Yan-po (director), and Mr. C. Bond, (secretary,)*

Shareholders present werd Mcasra. Chow Tung-sang, Wong Kung-yue, Pang Kwok-niu, Pang Kwok-fat and D. Rumjahn. Mr. Chan Nganchnu attended in the interests of the estate of the late Mr. Siu Xing-chow. 21. Before the meeting terminated Mr. C. Band, on behalf of the staff of the Company, extended very sincere thanks with respect to the This was seconded by Mr. F.A.granting of a bonus of a month's Kavier and carried unanimously,

I now beg to propose that the report and nocounts caulinitted [be adopted, and passed and when his has been seconded I shall be pleased to answer any questions from shareholders,

Bonus for star. K

|

Under the circumstances, said his Worship, he had to convict, There was distinct nogligence, Ac- cording to the evidence, it seemed clear that the acceleration took place much too near to the corners He thought that 150 yards should be allowed before passing,

Inspector Alexander pointed out that considerable care had to be exercised on a road like Stubbs Road, where there were so many corners.

A Tine of 850 was imposed.

Olior Unies.

The driver of a motor lorry was fined $30 by his Worship for negli genee near Shiu Fai Terrace on Stubbs Road, on March 12 It was stated that he drove out from a cross road at a dangerous-speed and without flet ascertaining that there was no other traffic on the road, and

alary. He felt sure that the ac- MrB. G. G. N. Tinson, who was tion of the directors would be re-ip a car, had to jam on all ceived with inuch pleasure by the her brakes to prevent a collision. I Romarking on the very efficient | staff."

A fine of $10 was imposed on Mr. way in which the staff hid earrind

J. N, Grant, who appeared before jout their duties, Mr, Chin Win Kou

his Worship on a smmons for driv said:-Mr. Chairman and gently given to the staff for their harding a motor car without a licence

men, With your permission I work and loyal support.

on Stubby Road at 12.30 a.m. on would like to any a few words. 1 think the shareholders will join medied in the Chairman's room

This motion was carried and em. March 6.... in congratulating the board, gen-mendations; - eral managers, and staff of the

Mr II, Dreyer proposed, and Mr.. company on the excellent results of Dick seconded, the re-election of ahe past, financial year, which we Mr. J. Scott Harston and the Hon. hone indicates continued pros. J. P. Braga to the Board of perity. It. 8. needless to say that Directors, this being carried such atcellent, results could only be-On the position of Mr. K. it was found that Mr. Grant had

btained through good management Suure Smith, scended by Mr. Jo liconce and by loyalty and co-operation on Wright, the auditors. Messrs. the part of the staff. In view of tkis 1 now propose that a bonus be (Continued at fool of next column.)

TOURIST CABIN TRANS-PACIFIC HOLIDAYS

a vino pledges

With TOURIST CABIN rates so low as Yokohama to Seattle G# 125 'and' the" food and cabins to wholesome and cleah, it is easier to send the children: to school In America or Canada”.

"They can easily come to visit you next summer by N. Y. K. Tourist Cabin, or why not go over your- self this winter and bring them back with you?

Your young brothers and sisters are keen to visit. you while you are in the Far East. NYK. Tourist Cabin is just suited to high-standard economical travel.

TOURIST CABIN RATES ARE LOW, FOOD IS GOOD, CABINS ARE CLEAN

NIPPON YUSEN KAISHA

ARM

,

COLD STORAGE

Security

at 20 Cents Per

Cubic Foot

Per Month.

FURS ARE A LUXURY

T

CARE FOR THEM

OVER THE SUMMER

For Further

Particulars

Apply

The Dairy Farm, Ice & Cold Storage Co., Ltd.

that Mr. Grant's car was damaged,

Inspector. Alexander intimated by a private vehicle driven and wood-by-an-Indian driver - who

had driver at a fast speed down Stubbs Hond. When investigations were being made into the accident

It was stated that the Indian Lanstendi, and Davis; and) Messre drier was believed to have ab Percy Smith, Beth and Fleming sconded, and the summons against were reelected

him was adjourned” sing die-

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