1938-03-31 — Page 11

HONG KONG DAILY PRESS

CONSIGNEE · NOTICES.

SERVICES CONTRACTUELS DES

MESBAGERIES MARITIMES

CONSIGNEE NOTICE.

8.S. JEAN LABORDE" 10'A/39.

BRINGING CARGO FROM MARSEILLES, via SAIGON, etc.

Annivɛə HONGKONG 08 WEDNES-| DAY; THE 30 MARCH, 1938.

ין

MAFÉSK LINK

NOTICE TO CONSIGNEES

THE M.V.

GOOD YEAR

REVIEWED

Hong Kong Rope Mfg. Company

Presiding at the annual meeting of shareholders of the Hong Kong Rope Manufacturing Co., Ltd., held at the offices of the Company yesterday, Mr. A Shields sald

GENERAL

DR. KUNG EXPLAINS EXCHANGE CONTROL

(BY AIR MAIL)

CRETE MAERSK "

hasing arrived from New York and Ports of call Consignees of Largo are

notified that their goods ar hers Te og laded and placed at their risk into the Hong Kon. and Kowloon What! & Godown Company's godowns at Kow loon, where delivery may be obtained a soon as the goods are lafided. ·

Optional cargo will not be landed here, unders nation has ren given hure prior to vessel's arrival, but "YONSIGNIES are hereby informed carried on from port to part to the final that the it goods with the exception port of call, to which the option of Opium, Tressure and Valusbles Bleustcode. being in ded & stored into the Godown No Claims will be admitted after of the Hong Kog. Kowloon Wharf the Goods have left the Godowns, sad - The subject of preferential

Gortown Co., Ltd.. Kowloon, whence all Goods revanining undelivered after treatment for Hong Kong manu/ment mandate on foreign exchange delivery may be obtained immediately the 5th April, 1915, will be subject to tactured goods, he said, will be control. after landing.

All broken, chafet, and usaged Goods Presented during the negotiations are to be left in the Godowns, where for new trade agreements with follows:- they will be examined on 4th Apr. 1933, India and the Dominion Govern-

10 am, by our Surveyor Captments this year. Waller C. Weston.

The Paris office of the Chinese that the turnover for the year Press Bureau has issued the follow- showed an improvement over the

All cisims must be sent in to me on or before th 9th Argil, 193, or they will tot'te recognized.

Damaged factares will be examined by the Company's Surveyor, Messrs Goddard & Douglas in the presence of the Consignees, it. 10.00 .m, on Tues day, the 5th April, 1938.

Conaivnees must have Revenge Officer in attendence when any dutiable go di are examined by the Company's Surreyors.

No Fire insurance will be affected by us in any case whatever.

R. DHL,

Agent.

Hong Kong, 30th March. 1908.

READ..

|

Ront.

To comply with the General Bonded Warehouse Regulations consignees must have Revenue Officer in attend- suca when damaged dutiable goods are uzamized.

All claims must reach us before the 29th Apr, 1926, or they will not be recognised.

No Iusurance will be effected. Bills of Lading will be countersigned by

JEBSEN & CO., *

Agente

[6643] Hong Kong, 29th March, 1-38.

The First Book on Military Operations in the Current Sino- Japanese Hostilities.

SINO JAPANESE WAR 1937

BY PERCY CHEN

LEARN... The Facts about the Campaign

STUDY.

BUY...

of the Eighth Route Army, in Shansi, Key Paint of the North China Front."

The Details of the Battle of

Tazang, Fiercest Battle Ever Fought Outside Europe.

As Editor-in-Chief of the C'lina Information Service Mr. Chen is in a position to deal authoritatively with his subject. No student of Far Eastern Affairs should miss reading this book.

Sino-Japanese War 1937, on Sale at All Booksellers.

PRICE: $3 (HK)

bo na text beautiful and romantic as you in Austria: Vienna-the world's music cents; Salzburg—the Estival city; the Syrian woodland the beautiful Danube valley; the lakes of Salzkam mergut and Carinthia; the Tyrol and Vorarlberg ands of picturesque peaunts and snow capped mountains; and the lovely landscapes of Lower and Upper Austria, Both for Summer Holidays Golf, Tennis, Swimming, Climbing, etc.) and fot Winter Sports, Austria his become more popular than ever. Come to Austria at any time of the year-you may be sure of a kindly welcome

Come to Beautiful Romantic Austria

Considerable jari redzations now available. Acronimus dation can be abrained from 6/6 a day. Travel with Austrian Travellers: Chequas-for sconvenience. Write fw special summer or winter programme of inclusiv rangements in the leading tourist agencies, w AUSTRIAN STATE TRAVELBISNEAU, 150 y Rais Street, London, W1, längland

1936 figures and added that he ing statement of Dr. H. H. Kang, was glad to note that the Colonial China's Prime Minister and con- Office was alive to the need of currently Minister of Finance, with encouraging local industries.

reference to the recent Govern-

CHAIRMAN'S. SPEECH

Addressing the meeting Mr. Shields aald:-

Our turnover of Rope for the pear now under review shows an improvement over the figures for

1936 in spite of the keen-com- petition with which we have had to contend.

With regard to our properties, the Factory Buildings at Mataukok continue in occupation, and about 90 per cent, of the number of flats In our 28 Chinese Dwelling House at Kennedy Town is now occupied as compared with 40 per cent. this time last year. The increase is due to the influx of refugees from various parts of China owing to the Sino-Japanese. Hostilities.

YEAR'S PROFIT

Turning to the Accounts, Gentle- men, you will see that the profit earned for the year under review, after providing for Depreciation and allowing for Directors' and | Auditors' Pees and Commission to General Managers, etc.. "19 $58,209. 56. This amount added to the balance of $43.065.08 brought for- ward from 1936, makes a total at credit of Proft and Loss Account of $101.275.54. which your Directors recommend, be dealt with follows:-

Pay a dividend of 25 cerits

I

S

$51,275.54

per share absorbing....$50,000.00 And Carry forward to credit of next year's ac- count Depreciation on Buildings, etc... has been provided on the usual basis except that your Directora decided to provide an additional 310.000 depréciation on Machinery as some of our machines are now getting old and will need replacing.

Revenue from renta shows an in- |crease of $8,186,92 over the figures recorded for 1938.

You will notice that Share In- vestments do not appear in the Accounts. These were sold during the past year at a proft of $5,358.60 as shown in the Profit and Loss Account..

You will also note the amount $3.823.50 expended on the Wharf. This represents the cost of repairs and replacements made during the year and I may say that the Wharf is now practically

1 new one.

SUNDRY DEBTORS

Sundry Debtors Accounts amounting to $58.112.87 are slight- ly higher than usual owing to in- creased sales made towards the end of the year. These are ordi- nary trade balances with custom- ers which have practically all been pald up.

*

The Cash Position has also im proved since the date of the ac counts and is adequate to meet the dividend requirements.

As regards the prospects for the current year, it is unfortunate that world conditions in general and the state of affairs in the Far East make any forecast dangerous, but

I may say, however, that we con- tinue to enjoy the support of many Shipping Companies and our sales

so far are encouraging.'

Mr. S. T. Williamson seconded. and the report and, accounts were adopted.

OTHER BUSINESS

Sir Robert Ho Tung and Sir Elly Kadoozie were re-elected directors on the motion of Mr. J. Dick. seconded by Mr., H. Dreyer, while Messrs. Percy Smith, Beth and Fleming were re-elected auditors on the proposal of Mr. C. W. L. Cole seconded by Mr. J. Toppin.

The following attended:-Mesars, A. L. Shields (chairman), J. P. Braga, Lawrence Kadoorie and 8. T. Williamson (director), Mr. F. J. Tavares secretary) and the fol- lowing shareholders:-Messrs. ``J. Toppin, A. A. Botelho, L W. She- wan, H. Dreyer, C. W. L Cole and

Dick,

Dr. Kung's statement

is

15

"Following the outbreak of the Sino-Japanese hostilitles, a gentlemen's

agreement was made

among

bankers the whereby the Chinese Govern- ment banks provided exchange only for legitimate purposes. This agreement has made trade possible despite difficul- ties. and confidence in the Chinese currency has been steadily maintained.

serves

"The recent puppet bank in North China is a Japanese effort to substitute notes, in- convertible into" free foreign exchange. for the national currency, and thus obtain re- by restricting the national currency, using such notes for their own purposes.

"The exchange measure has been adopted after careful 'consideration by the Chinese Government as the most prac- tical means to defend China's currency against this measure. The Chinese Government strongly desire to employ the best workable procedure, and has assured those concerned that modifications can be made in the light of experience. It is also desired to cause the least possible interference with the previous system, and with the position of Shanghai,

The measure expressly states that the Exchange will be con- solidated at existing levels, as It is intended to maintain Arm- ly the stability of the Chinese currency,"

H.M.S. BELFAST

LAUNCHED

NAMED BY MRS. CHAMBERLAIN

(BY AIR MAILƏ

HMS. Belfast, the 10,000-ton cruiser of the improved Southamp- ton class, which has been built by Harland and Wolff, Limited, was launched from, the firm's yard at Queen's Island on March 17 by Mrs. Neville Chamberlain, states Tile Times.

This is the Arst time that a ship of the Navy has been named Bel- fast. Referring to this fact at a luncheon after the naming cere- mony, the Lord Mayor of Belfast (Sk Crawford McCullagh; said that the city intended to mark the hon- our by presenting the new cruiser with a silver ship's bell and a set of dags.

Replying to the toast of “H.M.S. Belfast" proposed by Sir Craw- ford McCullagh, Vice-Admiral St A. B. Wake said that the idea of naming vessels of the new cruiser' class after the great cities of the Kingdom was to draw contributions to the personnel of the Navy from their vast populations and also to establish a special interest between each city, and a particular vessel of the Fleet.

On behalf of the builders of the the ship, Mr. F. E. Rebbeck, chair- rian of Messrs. Harland and Wolf, prosented to Mrs. Chamberlain a diamond bracelet as a memento of the launch of the Belfast...

Acknowledging this gift. Mrs Chamberlain said she was proud to feel that she had started H.M.S Belfast on her mission as part of the Brith Navy to maintain the peace of the world and to protect Britih lives and shipping.

1

FIRST HOSPITAL WITH A BANK

Guy's Gives The Lead

Guy's Hospital is the first nos- ital a the country to have its own-bank for use of its staff.

The bank has been opened in a part of the main building. It is a sub-branch of the Southwark branch of one of the. "big five" banks, and the hospital staff will be paid there about 500 receiving their wages weekly, and 1,000

monthly.

Money may be paid into the bank

as well as withdrawn..

EXCHANGE BUILDING

DES VOEUX ROAD CENTRAL

HONG KONG,

Ý HUMPHREYS BUILDINGS,

KOWLOON,

CORNWALL AVENUE,

HONGKONG & SHANGHAI BANK BUILDING

QUEEN'S "ROAD CENTRAL HONG KONG.

THURSDAY, MARCH 31, 1938. -PAGE 17

Clicquot

Veuve

Clicquot

Sole. Agenta:- DODWELL & CO., LTD.

WINTER CLOTHES

Women's, Men's & Children's

WANTED URGENTLY

COATS & UNDER-CLOTHING

HONGKONG BENEVOLENT SOCIETY Monday & Thursday

ICE HOUSE STREET

10 to 12 Noon,

H. M. S. PARTHIAN,

HOTE

THE GLOUCESTER

TU

DINA HOUSE

DUDDELL STREET -

HONG KON

MARINA HOUSE QUEEN'S ROAD CENTRAL

HONG KONG

First Impressions

Always Count

So, Use Only

Die Stamped Letterheads

For Best Impressions Consult

HONGKONG DAILY PRESS MARINA HOUSE

Experts in Die Cutting

HỒNG KONG

Die Cutting and Stamping