1940-02-17 — Page 4

·PAGE 4-HONGKONG DAILY PRESS

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TO-DAY AT KING'S. THE

"WHEN ARE YOU GOING TO START

WORK ON IT, MR. BELL?" Those are the words that crystallized the genius of Alexander Graham Bell .. whose dreamer's mind leaped from impossible project to fantastic scheme. ...until in the deafness of lovely Mabel Hubbard he found his inspiration... and in her love the faith and strength and courage to achieve his dream!

20th Century Fox presents DARRYL F.ZANUCK'S Production of

THE STORY OF-

ALEXANDER GRAHAM BELL

DON

LORETTA HENRY

AMECHE YOUNG FONDA

Alio Another Special Fox Movietone News JUST ARRIVED BY CLIPPER

NORTH SEA

First pictures of Battle between, British Convoy ships and Emeny Raiders.

WESTERN FRONT

Heavy Artillery in Action. Maginot-Line under Snow. French Women in Ammunition Factories.

NEUTRALS PREPARE

Belgium and Holland defences. Sweden prepares for unprovoked attack. King Carol of Rumania warns Russia against attack.

NORTHERN FRONT

Fires in Viipuri (Finland) caused by heavy Soviet artillery bombardment. Finland's whiteclad defen- ders put a stubborn resistance to Red onslaught. Soviet prisoners of war.

FINANCE

Record Mileage Covered

By Tramcars Revealed At H.K. Tramways Meeting

“MORE CAR-MILES WERE OPERATED. IN ORDER TO ACHIEVE THESE BEMÄRKA BLE RESULTS AND TEIS MILEAGE 18 NOW THE EQUIVALENT OF ONCE ROUND THE WORLD AT THE EQUATOR KV ERY 48 HOURS,

“And if I may be permitted a further flight of imagination, I would add that if the population of the Island' be, taken at". 4 of a million, then your tram cars are carrying the equivalent of the populatfón approximately 96 times per annum, or eight times every month,” stated Mr. A. H. Compton, Chairman of the Board of Directors of the Hongkong Tramways Company, Ltd., In the course of his speech at the annual meeting of the com- pany held at the board room of Messrs. Jardine, Matheson and Company, Ltd., yesterday,

#

་

|HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume Of Business Transacted on Friday, Feb. 16, 1940. China Lights (0)

FK, Docks

HK Docks

200 - $ 8.00

*200 $22.25

200 22.10

100 22.10

400 36.75

"100 -37.00

200 18.45

900 18.50

FK Docks HK Lands. HK. Lands. HK Tramways EK, Tramways EK. Telephones (N) 500 9,70 Providents

500 4.70 * Sale

on Thursday the 18th. Ins

Hongkong From the Chairman's In his report, the Chair-

lions ar 19 per cent and are more references in annual meetings of man referred to 2 record than double the 1936 gure. The 1928, 1934 and 1938, shareholders number of passengers, 71 mil-year's profit is up on last year by are aware that, by terms of the Hons, travelled on the tram- · $241,324 or 23.36 per cent,

Tramway Ordinance, the rate of cars, and the traffic' receipts More car-miles were operated ti Royalty, hereafter to be paid in were up by $453,446.

order to achieve these remarkable creased to 25 per cent. In the year. results and this mileage is now the 1919. This change was effective The Chairman, in presenting equivalent of once round the world from September 22 last and the the report, said, in part:-Com-at the equator every 48 hours. Royalty figure incorporated in the pared with the previous year And if I may be permitted a fur-accounts before you is $147.402.48 traffic receipts are up by $453,446.ther flight of imagination I would against $57.601.29 pald for 1938. passengers at a fraction under 71 add that if the population of the millions are up by nearly 113 mil-Island be taken at of a million

CHAIRMAN'S SPEECH

H.K. STOCK EXCHANGE

then your tramcars are carrying the equivalent or the population approximately 96 times per an- num or 8 times every month.

. ABNORMAL TRAFFIC

I will not attempt any forecast

.

the

The net profit of the year Was $1,426,277.99. Of this $100,000 has been transferred, as explained, to "General" Re- serve Account, and $22.500 13 written-off Investments.

DIVIDENDS --

1.

An Interim dividend of 50 cents

and

of how long the prevalling ab- per share was paid in August last The week's trading has been of normal traffic is going to continue. and your Directors now recom- an in and out nature.. It started Last month's receipts are $13.000 mend a final dividend of $1.00,

$1.50

share per with a burst of enquiries followed higher than

receipts for making

$975,000 for the by an apparent slackening off and January last year whilst the week amounting to a consequent diminution in vo- ended last Saturday which cover-year. This, the Company's record luine.

But a study of the week's ed the Chinese New Year celebra-distribution is 15 cents per share recordings reveals a period of pro- tions was the greatest week in our better than for 1938 and "leaves gressive business, coupled in most history, the number of passengers $128.262.25 to be carried forward- cases with an advance in prices, averaging quarter of a million $23.777.99 more than brought into though not on an extravagant per day.

account from the previous year.

HAN OTHER BUSINESS scale. There is justification, for In 1938 an experimental air further appreciations, Docks,, after brake was fitted to a tramcar and

The Hon. Mr. M. K. Lo and the touching $22) have receded to as a result it has now been de- Hon. Mr. T. E Pearce were re- offerings at slightly over $22. The cided to equip all tramcars with elected as members of the board large number of these shares that air brakes. A docer alt brake of directors. Messrs. Lowe, Bing- bave changed harids during the cars are already on the road and ham and Matthews were past two or three weeks suggests it is hoped that the work of elected as auditors. this recession may be proît taking, equipping the whole of the rolling for the Company's prospects ap- stock will be completed by the end pear to be rosy for some months of next year. ahead. Closing tone, steady.

BUSINESS DONE DURING THE WEEK

H.K. Bank, $1402§.

Union Ins., $470.

Wharves. $102.

AITENDANCE

The following were present at

the meeting

Directors Mr. A. H.. Compton CAPITAL ADDITIONS

(Chairman), the Hon. Sir Shouson During 1939 $370,930.61 was ex-Chow, Kt, Mr. H. V. Wilkinson, pended upon capital additions for D.S.O., the Hon. Mr. M. K. Lo, the new tramcars and air brake Hon. Mr. T. E. Pearce and Mr. D. equipment, already mentioned, L. Newbigging. Shareholders--

the new King's Messrs. A. R. Fullerton, Lo Kal- Road depot and track renewal and wing, B. Wong Tape, W. Allen, H. re-construction.

L. Hammonds, D. V. Stevenson, F. The year in review has been an W., Stapleton, P. S, Cassidy, H. "S... important, one from the point of Hills, Chua Seng-choo, and J.

Docks, $22.35, $224, "$22.35, $221, completion of

$22.15.

Providents; $13, $4.65.

Hotels, $5.70, $51.

Lands, $36, $381, $381.

Tramways. $184. $18.30. $18,40, view of our Royalty payments. Fleming. CA, Mr. L. C. F. Bella-

$18.45.

Star Ferries, $681.

Yaumati Ferries, $241; $25.

China Lights (0), $7.80, $7.95.

$8.

China Lights (N), $41, $4.95, $5. Electrics, $57+.

Macao Electrics, $201,

Telephones (N), $9).

Cementa, $10.16, $19.20.

Dairy Farms (0), $22, $223,

$22.30.

Dairy Farms (N), $21, $21ł......

Watsons, $9,50.

Govt, Loan, 100, 100,

BUYERS

HK. Bank, $1410.

Union Ins., 2485.

HK. Fire Ina., $182.

Providents, $4.60. Hotels, $5.85. Lands, $37. Humphreya, $74. Realties, $341. Tramways, $18.30, Star Ferries, $58. Yaumati Ferries, $248. China Lights (0), $7.90, Electrics, $57).

Telephones (0), $28.10, Telephones (N), $9.00. Cements, $19.10. Ropes: $53.

-Dairy Farms. (O), $22.

Dairy Farms (N), $21,10, Watsons. $9.40. Entertainments, $7.10... Constructions (0), 311.

SELLERS Docks, $22.3. Tramways, $18.55. Watsons, $9,80,

SALES H.K. Bank, $1410. Union Ins., SATO.: Docks, $22.10" Lands,, $37.25).50.. Tramways, $18.45/50 China Lights (O), $8. China Lights; (N), $4.95. Electrics, $571. ** Telephones (N), $9.70,---- Cements. 51915/10/.25. Dairy Farms (0), $22.15; Dairy Farina (N), $211, Watsons, $9.40, ||

MANILA GOLD SHARES

For the past 25 years a 5 per cent.my, M.C, (General Manager) and Royalty on working profit has Mr. W. F. Simmons (Secretary and been paid to the Government of Assistant Manager).

STAR FERRY CO., LTD.

ANNUAL MEETING

AN ITEM OF $9,315.74 FOR A. E. P. EXPENDITURE ' APPEAR- ING IN THE PROFIT AND LOSS ACCOUNT OF THE STAR FERRY CO., LTD., was explained by Mr. J. E. Seth at the com- pany's 42nd, annual genera) meeting, held at the offices of Messrs. Jardine "Matheson and Co., Ltd. yesterday.

Mr. A. H. Compton, chairman, 50 per cent. I cannot forecast presided, and was supported by, what the cost of our fuel oil, coal his co-directory the Hon. Mr. S. and stores will amount a thia H, Dodwell, Mr. D. F. Landale. year as it is impossible yet to Mr. H. V. Wilkinson, and Mr. T.

B. Wilson; and the Secretary, Mr. C. M. Manners.

contract for our full requirements.

It has been customary for some time for the Chairman of this A. R. P. EXPENDITURE meeting to make reference to the After the chaltman had read, pier leases which are due to ex- out the annual report, Mr. Beth pire in 1949. I can only repeat

asked for details of the item un- that shareholders will be advised der heading A. R. P. expenditure without delay as soon as there is Mr. Beth said it was rather an ex- any, definite news. Meanwhile the traordinary Item and he had ex matter has the closest attention pected the chairman to deal with of your board.

it in his report,

COMPANY'S FLEET" The chairman", explained that į

hat T The Company's fleet is kept in it was necessitated by the pur-first class condition, but two of chase of 30,000 sandbags and two our ferries are 15 years old and are engines for protecting passen-two are 14 years old. So long as gers in the event of air raids. He there is any uncertainty. In re- said that it was not for the purgard to ple lease it would of pose of protecting the piers... course be highly imprudent to

The chairman also pointed, build any further.

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out that a good portion of the The adoption of the report and money spent on sandbags will be accounts was duly seconded and recoverable if the war ended in carried. a short time,

OTHER BUSINESS "FIER" -LEASES

Mr. J. Hyde proposed and M., Reference was again made to W. M. Groves “seconded," that Mr. the question of pler leases which D E. Landsdale appointment on are due to expire in 1949, and it the board in place of Mr. J. 1. was pointed out that so long Ra Paterson, be confirmed. This there is any uncertainty regard; was duly carried. Mr. Paterson ing these leases it would be high-resigned his seat on the board ly imprudent to add to the Com-last year. pany's feet of Terries.

CHAIRMAN'S SPEECH

The re-election of Mr. HV WII- kinson and Mr. T. H. Wilson as The chairman said ---Tramic directors was proposed by Mr. E. receipts were Mighty less than Grant Smith, seconded by Mr. those of 1938. Working expenses D. Mackenzie and duly carried, as Ators 198, Antamok 184b, Baguio were also lower, however, so that also was the re-election of Mr. Gold 238, Batong Buhay 0146, the reduction in working pronto Bernard Brown Chartered Ac- Big Wedge 216, Coco Grove 148, amounted to less than 2%10 Con: Mines 00356, Demonstration Approximately the same 1248. LX.L. 37b. Ipo Gold 11s, Ito-pers used our ferries as gon Mining 28b, Masbate Con, 10s, and it is estimated that Mine Operations 108, North Ga- than 18 million passengers were marines 101b, Paracale Ginamans carried,

countant, as auditor at 2 10- num- muneration of $740. This motion 1958 was proposed by Mr. Beth and

seconded by Mr. W. Allen,

tore

2210, San Mauricio 81a, Surigao The cost of coal and Consolidated 178, Bayoc Con, 1218, tor 1939 was rather less Syndicate Investment 0248, United 1938 but this year, Paracale 80b; Mindango Mother- say it will be very much Jode-10b pee

as the price of coal bag increased Cis

The following were present in ition to the directors and se- MESITE WM. Groves, tan J. Hyde, D. Mac Grant Smith Kal

Allen 1. H. Beth and

SATURDAY, FEBRUARY 17. 1940

ANCHOR

BUTTER

TO-NIGHT

SATURDAY, 17th February: 40

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PRESENTING

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WITH

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THE HONGKONG & SHANGHAI HOTELS,

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THE CIRCLE

BY

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CHINA FLEET CLUB THEATRE

February 21st, 22nd, 23rd and 24th at 9.15 p.m.

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aid_of_the_British War Organisation Fund