ELECTRIC COMPANY'S SATISFACTORY YEAR
NEARLY $2,000,000 PROFIT
Payment of a final dividend of $1.30, making with the Si interim -dividend already paid, a total of $2.50 for the year and a bonus of 50 cents per share was voted at the annual general meeting of the Hong Kong Electric Company, Ltd., held yesterday at the Company's offices, P. and O. Buliding.
The nett profit of the Company. Shaukiwan and the first section of after providing for depreciation.ja duplicate high tension feeder to was $1,933,999.57, and with $232. Stanley. 992.69 brought forward from 1938 there was available for distribution the sum of $2,166.992.26.
Cash at hand on current account and on Fixed deposit was $2,174. 480.37 a decrease of $87,707.02 com- Dividend and bonus payments pared with last year. This is due amounted to $1,800.000. $100,000 to expenditure on the new Flant. was voted to be placed to reserve
HONG KONG DAILY PRESS. FRIDAY, MARCH 11, 1938.
CLEVER BALLET
AT KING'S
George Goncharoff And Pupils
MUTAL FIELDER
EXCELS
Many well-known young people and pretty children took part in the "Seasons Ballet," and attract- ed a large crowd of friends and relations to the King's Theatre yesterday evening.
Mr. Goncharof must have worked very hard to stage such an artistle and ambitious display, and he also gave some spectacular dances himself in the best Russian manner.
SAINT THOMAS AQUINAS
Greater Seeker
Of Truth
FATHER BYRNE'S
TALK
In connection with the Feast of St. Thomas Aquinas, Patron of Father Byrne, Catholic Schools. S.J., gave F very "interesting lecture at "Rosaryhill".. yesterday afternoon, his subject being "A Great Mediaeval Modern Thought."
Thinker and
The speaker sald, inter alla:- Investments are slightly less, ad-
"And that will settle the Mani- and $266.992.25 to be carried for-vantage having been taken of a
chees!" An unusual shudder ran opportunity to dispose of a small ward.
through the King's guests, as the The Hon. Mr. M. T. Johnsen, amount of stock at what appeared
attractive chairman of the board of directors, to be an
Agure: the Among those who took part weKing's dinner table shook with the presided. Those present were Sir market value of your investments must give special praise to Mutal unusual rattle caused by one of Shouson Chow, Hon. Mr. J. J. was, on December 31st 1937, less Fielder, who looked very beautiful their number thumping it, and Paterson, Hon. Mr. Stanley H. Dod- than the purchase price by $147.in her golden dress as the "Spirit hushing the royal conversation in weil, Mr. T. E. Pearce (directors) 356.00 which compares with $5, of Harvest," and also in her won his absented-minded satisfaction What derful waltz with George Gon- at silencing Manichees! Mr. V. Sorby managers and the 827.75 on December 31st 1938
IX of dressed in vivid would the King, Louis tollowing shareholders: Capt. F. I am glad to be able to say how.charoff, when, L. Brown, Messrs. S. J. C. Staneby, ever that sines that arate the purple and crimson they were de-France, say? For the King be-
lleved in court etiquette as is i A McKellar. B. Wong Tape, Lo market value of our investments devedly encored.
shown by his charge that "every | Koon-kan, A. Stevenson, J. A. Tar-has appreciated considerably.
The colour scheme, throughout one should dress well in the man rant. Wong Ping-shun, Chan Shu-
the ballet was briliant.
ner of his rank that his wife may
MINOR DAMAGE
ming. Li Tse-fong. Wong Chi-pol||All our installations have been Leung Faltin, Fung Kul-fal, Fung Kul-yin, Chua Seng-choo and "Lo Kal-wing.
EARNINGS HIGHER
The chairman said:
The output from your plant was 59.249.828 units, an increase of 5, 239,797 units or 9.74, per. cent. over the previous year.
maintained in a high state of effi- ciency and it is satisfactory to be able to report that the severe typhoon which passed close to the Colony on September 2 caused only minor damage to the Com- Dany's property.
Satisfactory progress £5 being made with the installation of the Meters connected increased by 15.000 K.W. turbo-alternator and 2.463 which brings the total num-though its delivery has been some ber, connected to 43,078.
The grows earnings are $321.239.58
more than last year.
During the latter part of the year under review, in common with many others in the Colony, we benefited to some extent, and are
what delayed by the difficulties of obtaining raw material, particu-
larly steel, it is hoped to have it in operation before the end of the
summer.
The order for a second 100,000 lbs. per hour Stirling boiler was still doing so, through the misfor-placed early last year and it is ex- tunes of others. a state of affairs pected that delivery of this plant which it must be sincerely hoped will commence in the near future.
I think we can look back upon Is only transient.
We attribute, however, not more the year 1937 as satisfactory and than one-third of the increase in take this opportunity to record the output of units to that cause the Directors appreciation of the
Peggy Scotcher in gray and all-love him.” ver posed gracefully in the Winter But who was this man thump- scene as "Hall," and Uttle Claire
ing a King's table? A rustic Van Wyllck made a charming
strayed into court?. By no means!. "Frost" in white with a sparkling The bluest blood of the royalty of cap. Pat Pascoe in pale blue satin
the day flowed in his veins. He danced as "Ice" with ease and claimed Barbarossa as his grand- uncle, Frederick II, the Wonder of the World, as his cousin, and the Holy Roman Emperor too. In the Universities of Paris and Germany his name was a household one. Nor, it would seem, was he un- known to Oxford and London.
grace.
STELLA BEST
The young acrobatic, dancer. Stella Best, is already well-known in the Colony. Rumour says she will soon be going to London, and
this is not surprising as she im- proves all the time. Her danger. ous and difficult gymnastics won deserved applause. She knows no fear and takes terrible risks. luckily her confidence in Richard Labrum and Jack Lampart was fully justified.
ever there was an interna- tional man, such a man W25 Thomas Aquinas, who, in Friar's habit, sat at the King's table.be- cause the King had bidden him was international in there. He the sense that, when the Western' World was really International in
Yvonne Shaw rang her merry bells as a gay little Jester, and Patts spiritual outlook and, at least Pasco won all hearts as a dainty ideally, international in its in- Russian gipsy. The two
perial aspirations-the Holy Ro-
belonged man Empire-he
not
Raven
and I am glad to tell you that services rendered by the Manager, sisters were badly let down by the only by his whole soul but by his
throughout the first seven months
of 1937, before the influx of re- fugees, there was a steady and pro- gressive increase in the sale of current for lighting.
Staff and Workmen.
ACCOUNTS PASSED
band, but carried it off extreme- ly well.
The Chairman proposed and Mr.
Tiny Betty Lee tapped and Li Tse-fong seconded that the report and statement of accounts sans and was loudly applauded. Laureen Clemo was very self- be adopted. This was passed un-
possessed animously,
DI
life's achievement to the universal spiritual realm, by blood be be longed to the other."
SINGLE PURPOSE
MORE POWER CONSUMPTION
her dainty Box- I have selected this incident to Lunch number, well supported by introduce to you St. Thomas This is the more satisfactory and
Proposed by Capt. F. L. Brown Jackie Thomas, Pat Dawson, Joan Aquinas, because I consider it a encouraging as you will recall that and seconded by Mr. A. McKellar, for the previous four years it had the Hon. M. T. Johnson, Hon. Mr. Thomson, Rosemary Labrum, Con-revelation of the single purpose of to be reported from this Chair that Stanley H. Dodwell and Sir Robert stance Robertson. Fat James and his life. Apparently the King did. the consumption of current for Ho Tung were re-elected directora Claire Routley and Pauline
too, for his immediate reaction lighting purposes had diminished.
Strange gave a novelty number as was to order his secretaries to There has also been a satisfactory ·
Proposed by J. A. Tarrant and well as appearing as a cornflower | hasten to the absorbed guest and Increase in unlis sold for power.
seconded by Mr. A. Stevenson in the Summer Scene.
of the Company.
To return to the Accounts, you Mesrs. Linstead and Davis were re- will observe on the debit side of elected auditors.
Profit and Loss Account an increase
in Rents of $12,032.02: This is
THE JUNIORS
merely because in the past we have H. K. ARCHITECT Portallion, Madelaine Archbutt. Fluttering after truth is one thing
shown there only the balance of
Rent Account Latterly, owing "to the purchase of No. 8. Queen's Road, Central, which I shall refer
to later, and to, the letting of part of Butcher Field for the storage: 01 Port of Refuge cargo, our Rent receipts have become of more im- portance and we have consequent- ly thought it better to show in Profit and Loss Account Rent paid out and Rent received, and you will see that the increase on the debit side is more than offset by receipts shown on the credit side.
BAD DEBTS DECREASE
MARRIED
note down his thought. Whether in the privacy of his Dominican cell, or at a King's banquet, his Among the juniors. I managed mind was bent on one thing, the to discover Vivien Ralston. Pippa quest of truth, but God's truth. Mary Branson, and Vera and-popular with the Modern Mind- Elizabeth Black all dancing gally. seeking truth is another.
And Thomas Aquinas stands out Cheery Robin Redbreasts were Sheila Waterton, Doreen Hegarty, not only in the mediaeval world. Jean Kanis, Mary Urquart, Doris which the flutterers have despised, Wong. Shella Boulton and Jackie but he will stand out for all time as one of the greatest seekers of Thomas.
truth known to mankind; seekers, and among them I picked out but a finder: Ander of the one The Snow-faires were adorable. do I say? Not not a mere seeker Angela Owen, Angela Court, Janet truth, and only truth, which can Dibley, Belinda Whitehead. Valerie set us free. when Miss Stella Kam-Lun, Lee,
Oswin, Astrid Hansen, Wenche daughter of the late Mr. Lee
Lanston and Cheung-hing, became the bride of Krogh Moe, Rita Mr. Frank Grose, architect, son of Bunty Warren. } J. " F. Grose, well-known stock-
broker.
Grose. Lee Wedding
The Registry of Marriages, preme Court, yesterday afternoon was the scene of a pretty wedding.
Bad debts again show a de- Mr. T. S. Whyte-Smith, Registrar crease and we have also succeeded of Marriages, performed the cere- in recovering a debt of $945,55 mony. which was incurred 13 years ago. Ignoring the latter, Bad Debts total only the insignificant sum of $1. 382.31.
We have set aside for Deprecia-
The bride was given away by her uncle, Mr. Lee Tsz-nin, whilst Mr. William C. Hung discharged the
duties of best man.
...
Mac-
In 1933 the British Broadcasting Corporation arranged for a series of twelve talks on "Some Makers Among the Snowdrops. I saw of the Modern 'Spirit." The Heather Rodgers and Rosemary Makers selected were St. Thomas Orr, while Maybath Hope. Dorothy Aquinas, Luther, Newton, Rous- Warrington. Fay Swan. Claire scau, Poethe, Beatham, Darwin, Bader, Janice Chan, Barbara Tam Nietzche, Marx. Professor and Shirley' Farnud were dainty MUITZY, Grote Professor of the Butterflies.
Philosophy of the Mind in the The Poppy Group included Pat University of London, contributed Pattinson, Pamela Padgett, Bar- an introductory talk, a rapid re- The brice looked charming in a bara Histed, Greta Quistgaard and view of development from St. tion. $880,898.00, a decrease of beautifully designed dress of white Betty Lee.
Thomas to Newton, and a general $16,340 compared with last sear. satin with overskirt and bolero of Standard rates of depreciation white lace, and a tudo veil embroi
Richard Labrum was a satin-summary of the ground covered. have, however, been strictly main-dered with silver thread: She car-clad sailor lad-and very nicely hel It is surely a revelation of the
|ried a bouquet of arum Ilies:
tapped!
new swing of the pendulum not The bridesmaids, Misses Phyllis Anne Atfield, Tania Tehurina, only that the BB.C. should single you will see that the Reserve stands Grose and Kathleen Lee, were each and Maria Louisa Leitan were out St. Thomas Aquinas for the at $4,900,000, and if you approve attractively attired in a blue and among the yellow-capped butter-series, but still more that Profes- the recommendations of the Board yellow redirigote over taffeta, with cups...
Macmurray, addressing this will now stand at the round velled caps to match. sum of 35,490.000,-
At the piano were Nura, Kanis vast audience of listeners-in who The bride's going-away costume and Gladys Pollard, while the or. had heard the talk on Aquinas | On the Aagets alde Laand shows was an embroidered satin Chinese chestra was directed by P. Esdak- and that on Newton, puts the an increase, of a little over $300,000 gown. which is mainly accounted for by After the wedding a reception the purchase of the property was held at the Gloucester Hotel, known as No. 8. Queen's Road, where relatives and friend gather- Central. It is our intention, when led and drank the health and hap- a suitable time arrives, to demolish piness of the newly-married couple. the existing building and erect on the site a modern building part of which will house a new and up- tc-date substation.
tained.
Turning to the Balance Sheet
TURBINE HOUSE
Expenditure on Capital Account, apart from the land just mention-
Mr. and Mrs. Grose left last night for their honeymoon in Bali.
CLIPPER OUT;
CLIPPER IN
off,
FORTHCOMING MARRIAGES
The following forthcoming wed- dings are announced:—
Sor
the
question "Does Aquinas or Newton come nearest to what we think a man who is devoted to the pursuit of knowledge ought to be?" And with the facts before them, he re- plies "I really expect the vast ma- jority to say 'Aquinas'."
No. 193 Tung Chol Street, first
Leading Writer Reginald Elliott, floor.. R.N., of HMS. Tamar, and Miss
Mr. Liu Cheuk. residing at No.
Margaret Thomson Cadden, short-64 Peel Street: ground floor; and The Pan American plane, China hand typist, of No. 82 Craiglock Miss Chan Tauen Yau, of No, 43 items of which were the comple-Clipper will leave for Ban Fran-hart, Road, Edinburgh 11, Beot- Caine Road.
ed, was $504,179.44 the principal
tion of the extension to No. 2 Tur- |cisco, today at 8.30 a.m...
land.
Mr. Tang Shiu K1, Police inter- bine House, the building and equip- The Philipine Clipper is expect- Mr. Ng Tun-Ching, typist, of In-preter, of Now 39 Sharp Street, ment of a new substation at Chiu ed about 11 am. this morning with ternational News Agency, No. 12 East, second floor, and Miss Wong Lung Street and the laying of a lincoming mail. and Passengers Chancery Lane, second door, and Chil To. of No. 5. Wah On Land, duplicate high tension feeder to. from America and way, ports. Miss Leung Hon Yuk, residing at second floor.
52525252525
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CHILDREN
OF ALL
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ALSO
Bathing Trunks
IN
ALL
SIZES
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The House of Quality & Service
Children's
Department
MEZZANINE FLOOR.
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TO THE
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12th
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MARCH
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