1935-03-15 — Page 7

14

X

HONG KUNG DAILY PRESS, FRIDAY, MARCH 15, 1935.

DAIRY FARM COMPANY ST. DAVID'S BALL LEGISLATIVE COUNCIL

14

Decrease In Profits

A profit of $680,648,93, decrease of approximately 15 per cent, as compared with that of the previous year, was reported at the annual general metting of the Dairy Farm, Ice and Cold Storage Co., Ltd., held at the Company's offices yesterday.

Mr. T. E. Pearce was in the chair and those present were Mr. B. H. Dodwell, Mr. J. Owen-Hughes, Mr.

(manager),

bonus of 15 per cent. "voted themi last year.

"

The amount for distribution in A. B. Stewart, Mr. W. G. Goggincluding the sum of $84,981.83 Mr A Stevenson brought forward from last year (directors),

Mr. J. D. Thomson amounts to $498,200.10. It is pro (secretary) and Messrs. W. .8. posed to deal with this sum in the Bailey, J. D. Danby, G. Milne, H. following manner:- J. M. Figuereido, Kwong Hing Wan, To pay a Dividend of G A. Harriman, J. H. R. Hancé, H. C. Watson, A. D. Wylie, Chian Nai Pan. S. H. Ross, G. W, Gar- diner and Mrs. Yang Yeung Shi (shareholders).

CHAIRMAN'S SPEECH

of

The Chairman said: - Before proceeding with the business the lamented death, since our last Annual General Meeting, of Mr. J. P. Warren. Mr.. Warren. VAS 1 director of this Company for 10 years, joining the Board in 1924. His presence on the Direc- torate will be greatly missed.

I propose, with your consent, to take the Report and Accounts which have been in your hands for the prescribed period, as read.

The profit on working account for the year ended 31st December last, amounts to $680,848.93' which is $126,938.48 less than was shown last year, a reduction of approxi mately 15 per cent. Although the existing economie

conditions are

7

reflected to a considerable extent in the accounts before you to-day there is another factor to which I feel reference is necessary. refer to the exceptionally cool and wet

weather conditions which prevailed almost continuously through the whole of last summer. Our sales of summer commodities, in particular Ice, Ice Cream and Milk, were affected to a very seri- ous degree.

$1.50 per share on 251,430 shares ab- sorbing Add to Cheneral Re-

serve Transfer to Staff Su- perannuation Fund

$377,145.00

20,454.02

20,000.00 80,601.08

$498,200,10

To carry forward

SEATT

The Fusiliers At Home

SERGEANT'S MESS

ENTERTAIN

The ceremony of eating the leek, an age-aid custom of the Welsh people was observed in time honoured fashion when the Sergeants" Mess. Royal Welsh Fusiliers held their annual St. David's Ball at the China Fleet Club last night.

A distinguished gathering. - tended the function and although It was only 8.30 pm. when the festivities commenced. It was not until "three o'clock in the non- ing" that it was brought conclusion, and voted by all who had attended to have been "a great evening.""

"THE COLOURS”

to

The China Fleet Theatre pre- sented a" very animated scene. decorated as it was with the maroon and blue of the Regiment. while over eighty trophies held by the Regiment were on view, the cups being all arranged on table at the far end of the theatre while the shields hung from the balcony.

A'

I trust these appropriations meet with your approval.

Staff Fund" With regard to the proposal to place $20,000.00 to the credit of Superannuation Fund 1 might explain that a scheme of allowances for Chinese members of the staff was instituted several years ago, and under this arrange by C.QM.S. J. Price and CQMS. At 9.30 p.m. the Colours, borne ment, grants are made to depen-J. Edge were marched in, to the cents of deceased members of the strains of the Grenadiers." The staff who have served the Com-Regimental mascot, the goat," took Pany over a period of years, and part in the ceremonial and the who pet also stood by when the seven find it necessary to retire from the new members of the Sergeants Company's employment. Although Mess, with four ladies, ate the the scheme has been in force for leek and drank out of the Loving several years the calls upon us Cup. toasting the "Regiment and have so far been comparatively St. David." light but as a good number of employees have now qualified for. beneft, the creation of a reserve in order to meet our obligations is considered desirable,

also to

Chinese employees

THE WELSH GIRLS

Welsh girls (Betty McGuinnes and During the evening, two Little Betty Scott) presented Mrs. Bor- rest and Mrs. Hindson each with When addressing you" from the chair last year I referred to the they were each given a

a basket of flowers and in return two new chilling rooms

box of Despite the fact that the wea

chocolates These two course of erection at our

pretty ther conditions last summer ad-

Fast little maidens looked very cute in You will be the Welsh versely affected the profits for the Point installation, "

in the

national costume.

New Bills Laid. On Table

At yesterday's meeting of the Legislative Council, the Al- torney Gentral (Mr. C. G. Alabaster) "laid on the table reparis of the Standing Law Committee three Bills in regard to new health measures.

His Excellency the Governor, Sir presided, and there were also pre- William Feel, KCMO, KBE,

sent:

Ella Excellency the General Officer Commanding the Troops, Major General O. C. Barrett, C.B.. C.M.G., C.BE, DAO.;

The Colonial Secretary (Hon. Sir Thomas Southors, K.B.E, C.M.G.); The Attorney General (Hon. Mr.. O G. Alabaster, KC., ORE);

The Secretary for Chinese Affairs (Hon. Mr. N. L. Smith);

The Colonial Treasurer (Hon. Mr. E. Taylor);

Hon, Commander G. F. Hole. R.N.. (retired), (Harbour Master): Hon. Dr. W. B. A Mou! (AC 'he Diretor of Medicat and Sanı tary Services); ·

Henderson

"(2) Except with the "permis- sion of the Buliding Authority and in accordance with the terms of such permission, no person shall construct any water closet or urinal: Provid- ed that any person aggrieved by the grant or refusal of such

the permission or by

termis thereof may refer to the Coun- ct, whose decision, subject to the right of appeal given by section 84. shall determine the matter."

He said: The object of this: amendment is to prevent delay in dealing with applications to in- stal sanitary conveniences. The Government has been approached by a number of architects with a view to having such applications Hon. Mr. R. M

dealt with by the Building Author- (Director of Public Works);

ity. At the same time the Gov- ter-General),

Hon. Mr. M. J. Breen (Postmas-ernment is aware that the Sant- tary Board desires to retain ita control over such installations. The amendment meets both views by providing that whilst the Build- ing Authority shall deal with the Hon. Mr. C. G. 8. Mackie: applications, any person aggriev- Hon. Mr. J. P. Braga;

ed by his decision, either to grant Hon. Mr. 3. W. TSC, OBE, or refuse or by any terms he may LL.D.;

impose, shall have the right to refer the matter to the Urban Council who can over-rule him,| Clerk of Councils).

Mr. R. A. C. North (Deputy subject of course to the ultimate right of appeal to the Governor in Council given by section 84.

It was decided that the third

Hon. Sir "Henry Follock, Kt, K.C.. Hon, Sir William Shenton, Kt: Hon. Mr. R. H. Katewall, C.B.G., LLD.;

Hon. Mr. J. J. Paterson: Hon. Mr. T' N. Chau;

C

had been sworn-in as a member After the Hon. Mr. M. J. Breen

of the Council, the Colonial Secre-reading of this Bill will take place tary moved that the Report of the at the next meeting of the Coun Finance Committee (No: 3), dated cl February 28, 1935, be adopted.

Hon. Mr. Taylor and carried. The The motion was seconded by

Attorney General then moved "That the By-law made by the Sanitary Board under section 18 of the Public Health and Build- ings Ordinance, 1903, on February 12,-1935, be approved." The Colon- and the

year, your Directors and executive Pleased to know that the rooms The music for the evening was 123 Secretary seconded. have not lost sight of the fact that were completed in May fast and provided by the Regimental band | motion was carried, .......

ac-

difficult times and more competicommodation has been well main-

as the demand for chilling tive conditions have to be faced.

tained the expenditure incurred The necessity, therefore, of prac- tising economy is fully recognized pleased to report the purchase of has been fully justified. I am also

and with this end in view the

the understaking known as Hong operating of all departments has been subjected to the closest in-Kong Cold Storage Co. Ltd., has vestigation during the period un- der review and savings have been effected in various directions.

of

You will observe that the amount depreciation written off this

and

The Attorney General next laid Standing Law Committee on "A on the table a report of the Bill to make better provision for the maintenance of Public Health in relation to Food," and moved | Committee by the whole Council. that the B be considered in

ון

Finance Committee Votes totalling $78,482 were ap proved at a meeting of the Fin- ance Committee which followed, over which the Colonial, Secretary

When the Bill to amend the Li-presided. quors Ordinance, 1931, was in Committee, the Attorney General

The Colonial Secretary secorded. and the Bill passed through Com- under Band-Sergeant Flanagan..

mittee without amendment was The Attorney General also mov-read a third time and passed There gathering present, among whom tituled "A Bill to amend further Committee

was

distinguisheded the First Reading of a Bea

With regard to this. Bill, the General were noticed His Excellency the the Telephone Ordinance, 1925." Hawkers should be dealt with un- recommended that Officer Major-General O. C. Borrett and

Commanding. The Colonial Secretary seconded der a separate Ordinance. Mrs. Borrett, Lt. Col. R. E. Hind-

and the Bill was read a first time. prove dto be a successfül venture. son, O.C., R.W.F., and Mrs. Hind-

Bills which passed through their During the year we extended this son, Col. H. C. Harrison. G.8.0.1.

Anal stages were "A Bill to amend Installation by the erection of an Mrs.

the Rating Ordinance, 1901," and ard the Misses Harrison, "A Bill to amend the Liquors Oz- additional chilling room and Ice Brigadier and Mrs. Seth Smith, alore. This replaces the Ice store Col. and Mrs. Morris,, Col.

dinance. 1031." year is rather less than previous-we have for many years operated Mrs. Bilderbeck, Col. and Mrs. ly. In past years, no fixed policy. been necessary to purchase some Lt.

in Pottinger Street, It has also Lewis. Col. regarding depreciation has been in operation but schedules of Pro-aditional refrigerating. Dalry, Ice Sykes, Lt. Col. and Mrs. Fordham, chinery. These various items ac- Cream and Soda Fountain ma-Lt. Col. Hartgale, Lt. Col. Mac- ed by the addition of the words pherson. Major G. Roupel, V.C.."there for consumption elsewhere." $148,842.90 to our fixed assets. count mainly for the addition of

after the words "spirits in the and Mrs. Roupel, Major and Mrs.

list line. Dayles, Major J. Mullany, Major Although expenditure on Repairs and Mrs. Sharp, Major and Mrs. and Renewals is less than for some Griffin. Major and Mrs. Dempsey, years past, all your Buildings. Ma- Major E. S. C. Grune, Captain 3 chinery and Property have been

D. Mline. Captain W. J. Fennel, maintained to a high standard. Captain R. de B. Hardie, Captain The Chairman then proposed the and Mrs. W. P. Kenyon, Captain adoption of the Report and State and Mrs. Hooper Rev. and Mrs. ment of Accounts.

Davies, Lt. and Mrs. C. J. L Lewis, It. and Mrs. Rice Evans, and many others.

perty, Plant, etc. have now been prepared and the matter will be dealt with in future on a more accurate and scientific basis.

The Assets

SECONDER'S SPEECH in seconding the motion, Mr. J. D. Danby said:

and Miss Bryden, Col and Mrs. Carrington

THE OFFICIALS The officials were:

If you will refer to the assets side of the Balance Sheet you will note a transfer from Premium on Shares account to Cattle account of $278,224.02. The object of this transfer is to bring the book value of the Herd into line with pre- sent day replacement costs. In recent years heavy pucrhases of Cattle had to be made when first costs and freight rates were high

In rising to second the adoption

President C.S.M. E. Box. and exchange low. I refer in

of the report and accounts I am

Treasurer CQMS. J. Price. particular to the purchases made sure shareholders agree with me

Committee Sergt. P. Evans, in 1931, with amounted to $382,- that the figures presented are very Sergt. W. Beard, Sergt. G. Mantle 000. Fortunately a suitable Re Satisfactory when one considers and Sergt. J. Flanagan serve was available to cover this the general state of depression MC's. C/Sergt. D. Randall, writing down, leaving the ordinary that prevalled in Hong Kong durc.QMS. A. Cheetham, Sergt. G. Cattle Reserve Account intact. You ing the year under consideration. Wills and L/Sergt. L. Smithers. will note that the Herd now stand Our Chairman has given us such in the Books at practically the lucid, detalls there remains little same figure as Cattle Reserve Le, for me to comment on, However, $450,000,00, a very desirable and turning to the balance sheet there satisfactory position considering is one item under the heading the dificulties and risks insepar- of liabilities which, frankly I' ́ do able from Dairy Farming. Fur-not like to see under this heading ther to the Cattle question we and that is "Provident Fund Ac- have this year, in order to ensure count 499,550.16." Funds of this as far as possible an even annual description, which are partly con- charge on account of Cattle losses tributed by employees of the Com- which, as you will appreciate. may 'pany should not be subject to the vary considerably from year to prosperity of the Company. I un- year opened a Cattle wastage acderstand that Directors have a count. You will note that after scheme underway whereby these charging the actual Cuttle Losses funds are to be handed over to for this year, a balance of $10,328.- Trustees and I trust this will be 29 remains at credit of the account forming the nucleus at a reserve for the future.

The Liabilities.

done as soon as possible. With these few, remarks I have much pleasure in seconding the report of the Directors and adoption of the accounts as presented!!

THE CHARTERED BANK

The following telegram has been received by The Chartered Bank yesterday from their Head Office in Landon:---

"At the annual meeting of

shareholders Directors will recommend a Final Dividend at the rate of 14% per anaum subject to Income Tax

moved that clause 2 (1) be amend-

AN OLD FRIEND LEAVING

He said: This amendment will make it clearer that the right to sell spirits under a distillery lic-Chinese "Y" Honour ence s limited to sales on licensed premises for consumptioz. off such premises. It will not alter the existing practice.

New Health Measures

the

Mr. McPherson

who is shortly leaving the Colony on retirement after 30 years of service with the YMCA)

At the Kam "Loong Restaurant The Attorney General then pre next Tuesday, the Chinese Y.M.C.A. sented the report of the Standing Board of Directors, secretarial Law Committee on "A Bill to staff and friends will be hosts at amend and consolidate the law a dinner to be given in honour relating to Quarantine and the of Mr. 3. H. McPherson, M.B.E., Prevention of Disease among hu- man beings," and moved that the Bill as amended by the Standing Law Committee and published in Mr. McPherson's name and the Gazette on March 1, 1935, be personality are definitely linked substituted for the BUI as read with the growth of the YMCA. second time, and that if be con- since its inception. He arrived sidered in the Committee of the in the Colony as a comparatively whole 'Council

7 young man at the beginning of The Colonial Secretary seconded the century to take up the and the BIT was read a third time: Secretaryship in place of the and passed.

Rey, W. J. Southam Through

The Attorney General also laid his personality and administrative on the table a report of the Stand-ablity he gathered about him a ing Law Committee on "A Bill to soup of loyal supporters and amerd the lay relating to town friends of the Association, whose cleansing Hoisances, domestic premises grew from a few-room sanitation, the Keensing of certain institution rented ong Des Voeux premisesa nd trades and the dis Road, where the On Lok Yuer posal of the dead.”...»‹

Cafe now is with a membership of a few hundred to the present large plant at Bridges Stre which is "dafly serving hundre of students. The Association to

436 day has a membersh and is furnishing them with many of the pleasantnesses of home Ute.

When the Bill was in Committet, the Attorney General moved that £25,000. added to Pension Fund | clause 42-be amended: 250,000 set aside to meet con-

tingencies £177394.11:1d carried

(a) by the addition of be fol lowing words after the word "has forward"pital" at the end of sub-section

***** nor shall any person

main tain or allow to remain on

Turning to the Habilities side of the Balance Sheet you will note that the balance of Premium on ter had been in the hands of law shares account amounting to $104,-yers for sometime and that a final 545.98 has been transferred to scheme would be drawn up shortly. On the proposal General Reserve account thus bringing the same to $279,545.98.

The Chairman confirmed Mr. left the Colony resigned his seat Danby's remarks and said the mat- on the Directorate and Mr. A B. Stewart was invited to all the vacancy.

The proposal was adopted un enimously.

I do not think that further

OTHER BUSINESS

comment relative to the accounts

is necessary, bonus of 5 per

Mr JP. Warren who had been

Mr. W. B.

Balley, seconded by Gardiner, Messrs. T. Pearce and Owen-Hughes, word re-elected

directo

cent to the staf who have work on the Board of Directors, since Flem

ed exceedin

year, working

a dimenit 1824 died during the year. Mr. 8 on the has been provided out pf E. Dodwell was invited to all the Hace

account as against a vacancy Mr. R. Gordon having 1 Figuereldo,

Smith, Beth and

re-ele

conded by M

Kowloon Branch

any premises owned or OC- |-- As time passed, the need for a cupled by him any water closet Association In Kowloon was lett. or urinel const

since | and in 1929 the Kowloon Branch the 23rd day

and of the Chinese YM.C.A. was open- before the

of ed on Waterloo Road In 1934 this Ord

such an extension was added as the water

Tactilt! were found to be becom

consta

INSPECT THE GOODS

IN OUR

HARDWARE

&

CROCKERY

DEPARTMENTS

PRICES CANNOT BE BETTERED ANYWHERE IN TOWN

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PHONE 28151.

GROUND FLOOR

SIX LINES:

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