1932-12-24 — Page 12

-12

SPECIAL

A TREAT for the KIDDIES

MORNING SHOWS at 11.15 a.m.

SUNDAY TARZA N

MONDAY

Ꭲ Ꭺ Ꭱ Ꮓ Ꭺ N

TUESDAY

NO LADY

WEDNESDAY-

LORD BABS QUEEN'S

AMERICAN ORIENTAL FINANCE CORPORATION

through its Agent

Asia Lands Limited

Glouceder Building

offers COMPLETE. BROKERAGE SERVICE

in

NEW YORK STOCKS

Full and Odd Lots of listod Securities bought and sold for oagh or carried on conservativa margin.

Phone 28380. Cable: ABIALANDS

SANDAKAN LIGHT

AND POWER CO.

PROFIT AND LOSS ACCOUNT RESULT

At the Annual General meeting of the Sandakan Light and Power Co.. (1929), Ltd. held yesterday, at Messrs. Bhawan Tomes Office, Mr. A. L. Shield, the Chairman, was able to announce, for the first time in the history of the company & credit balancewed 82,322, on the general profit and loes account. -

"When you consider" said Mr. Shields the general trade depres has affected British 'sion which

North Borneo in common with other places, I hope you will find the result of the past year's work to be satisfactory.” **

Mr. Shields said:-

#

HONG KONG DAILY PRESS, SATURDAY, DECEMBER 24, 1932.

NEW YORK STOCK EXCHANGE

A.O.F.C. QUOTATIONS

[REUTER'S" AMERICAN AKRVICE]

Now York; December 22

Dow Jones Averages: High-1938

a Industrials 90 Hails

Low: Dec. 11

· 88,78

41.30

41.99 ~38,97 .13.93 25.88

Dec. 23 Chauge 56.65 2.4$ down 24.30 1,68 down

so-Utilition

·:30-11

83.30

40 Bonds

-1663-77.3783988 down: 60.7876.09. 76.79 30 down

E. A. Fieros and Go, Report. It became increasingly apparent today that something more than speculative selling was at work in the market. In other words liquidation appeared to be present particularly in rails. There were no signs of stabilisation and no aigria of a real rally. Under the circumstances it would seem illogical, to recommend trading. purchases.

Business Done: 1,300,000 shares..

200 31

Low PER SH.

LAST SALM

· 1939

Drv.

HIB 62)

Deu. 21 Doo, 29

518

49

3.00 Air Reduction... 6.00 Allad Chemical & Dys

$681

70

TB

ร

4.00 American Can D.....

538

61

137

717

9.00 American Tel, & Tel:

1031

1014.

89

:44

5.00 American Tobacco

671..

571

18

3

Anaconda Copper Mining

1614 43

4.00 Auburn

50

47

9.00 Borden Company

254

Canadian Pacific' .....

13

13

1.00 Chrysler Motors

*181

887

4.00 Consolidated Gas of N.T.

57

93

4.00 Drugs, Inc

504

2.00 Du Pont de Nemours

30

of

38

3.00 Eastman Kodak

45

·

8%. Electric Bond & Share

18

0.40 General Electric

100

2.00 General Foods"

7

1.00 General Motors

13

1.00 Gillette Safety

10/

18)

322 14

1:20 International Harvester

214

International Tel. & Tel. 4.00 Liggett de Myers.""

170

In the accounts which have been in your hands for the prescribed period and which I propose to take As read, the Working Account after allowing for depreciation 825,433.20, and General Managers' commission, shows profit 831,122.7, as against 832,514.47 for the previous year. After crediting income on investments, interest and scrip fee, and deducting Directors' and Auditors' fees, and Sandakan Managing Agents' commission, and putting 82,941.85 to the Sinking Fund to replace the cost of our Concession and 89,620.03 as a provi- sion against depreciation of Invest- ment, there remains a nett balance of $20,771.39, which is transferred to General Profit and Loss Account as per Balance Sheet.

For the first time in the history of the Company the General Prov fit and Loss Account shows a credit balance. This amounts to 82,322.26.

3.00 Loew's Inc.

-

Montgomery Ward

2.80 National Biscuit :

2.00 Pacific Gas & Electric

Pennsylvania Railway

Radio Corpn......

Sears Roobuck

1:00 Standard Oil Co. of New

Jersey

121

0.40. Socony-Vacuum Corpn. ....

The number of units sold is 12.8 per cent., lower than in the previous year and 30,5 per cent, lower than for the record year 1820/30.

1.20 Union Carbide & Carbon · 6.00 Uniba Pacific

528

241

431

Alterations Complate. Your Chairman last year men- tioned alterations which were be ing made to the distribution sys tem. These are now complete and are of considerable benefit, as re- pairs can be effected in any section of the system without interruption to important consumers.

A condoneer was ordered from England during the year and is now working satisfactorily. This should help to reduce the consump tion of fuel.

Our Manager and Resident En- gineer reports that the plant has bren kept in good order and condi-

PIANOS

United States Steel Westinghouse E. & M..

tion and that the buildings are in The Re-election of Messrs. Lows, a good state of repair.

When you consider the general trade depression which, basfected British North Borneo in common. with ather places, I hope you will find the result of the past year's work to be satisfactory.

Bingham and Matthews and Messrs. Percy Smith, Seth and Fleming R Auditors at a remuneration of

8350, each per annum was propos

ed by Mr. Tse Tsan Tai and second-

ed by Mr. J. Toppin. *****

Those Present were:-

Mr. A. L. Shields (Chairman), I now beg to propose the adop Hon. Mr. J. P. Braga, Mr. C tion of the report and accounts. A. da Roza, and Mr. 8, M, Churn Mr. C. A. da Roza, seconded, and, (Directors), Mr. D. W. Manton the notion was carried.

(Consulting Engineer), Mr. Noel

The re-election of Mr. C. A. da? Braga (Secretary), Messra. F. J. Roza and Mr. 8. M. Churn. as Tavares, Chan Man Kai, H. Braga Directors was propused by Mr. F. J. Toppin, A. A Botelho, Teo J. Tavares and seconded by Mr. Tsan Tai and I. W. Shewan (Share- Chan Man Kai and carried. jholders).

Chat Will Bring Joy For Many a Christmas

IT'S easy to see what a difference a piano makes in any home. There's real delight in hearing the clear, ringing tones of a perfect instrument.

quiet charm to the old melodies. and we all feel like youngsters under the spell of modern jazz. Can you think of any finer gift than a piano for yourself

to give the youngster a chance to learn how to play to entertain your guests? We're offering special Christ- mas prices on pianos by internationally known makers, and you are sure to find just the piano you want for surprisingly little money

WE HAVE A LARGE SELECTION OF MUSICAL INSTRUMENTS OF ALL KINDS ALSO THE

LATEST SONG AND DANCE MUSIC AND AN IMMENSE COLLECTION OF RECORDS TO SUIT ALL TASTES.

TSANG FOOK

PIANO COMPANY

Ice House Street.

HONG KONG STOCK MARKET

OFFICIAL REPORT OF THE

WEEK.

No sooner was the Settlement out of the way last Tuesday, than the market generally assumed a livelier tone, each succeeding day Ligher rates being established, frstly the Tower priced issues making substan- tial gains, and latterly the invest- ment section, such as Banks, Un- iaus, Cantons and Electrics com- ing into favour.

Closing rates are the highest for the week, with a decidedly strong undertone.

BUSINESS DONE DURING

THE WEEK

N

Hong Kong Banks, $1,660 81,0558

$1,665/1675.

Union Insurances, 8539), 8340,

8542, 8340, $560, $660. China Underwriters, 82.60, -Providents (Old), $4.

Hotels (Old), 89.10, 89). 89.50.

Hotels (New), (88.20.;

Hong Kong Lands, 874.

Realties, 87.30, $7.80, 87.55.

Tramways, “890.20, $90, 8201. China Lights (Old), 813.30, 813. Electrics, 874, 8741, 874, 878),

874}, 874}/74.70. Macao Electrics, 828.30. Telephones (New), 8981, 895.70. Cements (Combined), 89.20, 88

88.70, -88.80, 891, 801. 89.10, 89.60, 89.70, 89.00, $0.80,

·99.85.) Cementa (New), 81.30, 81.40. Dairy Farms, $281, 8283. Ewo Cbtions, Tls. 14.30, Tla. 14.45,

Tia 141, Tls. 14.40, Tls, 141,

CHANGES (3.15 P.M.) CLOSING QUOTATIONS-

Buyers.

Hong Kong Banks, 81,035. Canton Insurances, $1,230, Hong Kong Fires, $1,100. Providents (Old), 84.45, Hotela (Old), 810,15. Hotels (New), 99.60. Realties, 87.90:

Ewo Cottons, Tls, 14.35. * Hong Kong Trama, $20.40. China Lights (Old), '815. China Lights (New), $141. Electrics, $744.

Telephones (New), $25.40. Cements (Combined), 88.70,

Hellera.

Ewo Cottons, Tls. 14.40.

Sales,

Hong Kong Banks, $1,085/1,073.

Union Insurances, 8560.

Underwriters,- 89.60. --

Realties, 87.55.

Hong Kong Trams, 820). Electrics, 8741/74.70.

Telephones (New), $23.70, Cements (Combined), 80.88.-

CHINA LIGHT AND POWER CO.

YEAR'S PROFIT $1,066,000

DIVIDEND 50 CENTS ON OLD SHARES

The fourteenth ordinary yearly. moeting of shareholders of the China Light & Power Co. (1918),' Ltd., is to be held in the Board. Boom of Messrs. Lowe, Bingham & Matthews, Mercantile Bank Build- ing, Victoria, Hong Kong, on Saturday, the 31st day of December, at Noon, for the purpose of receiv ing the Statement of Accounts and the Report of the Directors for the financial year ended 30th Septem- ber, 1932,

The Report states

In termi of the changes in the Company Arcles, authorised by the Special Besolutions passed and confirmed in March last, the Com pany, as from the 1st of April, 1939, has been managed by the Board of Directors.

ter making in the opinion: of Your Directors, full provision fo expenses incidental, to the oonda of the undertaking, the Workin count shows & pront of 1 To which must be

added

Transfer Feng, received, on Sale

Useful Gifts

that Always Please.

Handbags

Beautiful New Arrivals. Evening Bags from$10.50. Day Bags from $12.50.

Gloves

Wash-leather...$5.75. Tan and Coloured Leather from... $8.75. Also Fur Lined Gloves.

Hosiery

In Reliable Well-

Known Makes:

Rainbow

Luxite &

Morley.

All to be found in Our Ladies' Salon,

LANE, CRAWFORD, LTD.

THE

Open all day until 7 P.M.

CHEAPSIDE PIANO COY

PIANO AND ORGAN MAKERS.

TUNERS AND REPAIRERS.

DEALERS IN EVERYTHING MUSIC.

348, Lockhart Road, Wanchai, Tel. 28803.

KING'S THEATRE

COMMENCING TO-MORROW

Marlene DIETRICH

* Blonde Venus *

Aftør, dedu