1940-12-31 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

H.K. BUSINESS HIT BY CONDITIONS IN CANTON Loss On Working Account Reported At Annual Mtg.

"We have barely managed to hold our own in the operation of our business, there being a loss of $112.77 on Working Ac- count. This loss reflects the conditions which have prevailed in Canton during the greater part of our accounting period, con- ditions of which you are all aware and which need no ampli- fication from me," stated: the Chairman, the Hon. Mr. T. E Pearce, at the annual meeting yesterday of the Hongkong and Canton Ice Manufacturing Co., Ltd.

CHAIRMAN'S SPEECH general electricity supply was not obtainable.and this I feel sure was The Chakman said: Before I proceed with the or-jof the greatest importance to the

Shameen Community. dinary business of the Meeting I

Turning now to the Pront and wish to make special reference to the death of the late Mr A Boss Account and Balance Sheet Stewart Mr. Stewart served. on the item Repairs and Renewals at cur Board for many years and was $372.05 is much less than last year, Chairman of the Company on no Only those repairs which were ab- order to fewer than Ave occasions, Mr. Isolutely necessary in

and Buildings Company's best interests at heart and his Machinery in good order were car-

Stewart "had the

maintain your

ried out.

views were at all times much ap- preciated. I take the opportunity

USUAL DEPRECIATION therefore of placing on record our You will observe that Deprecia- `deep regret. at "this" gentleman'ation on the usual scale has been

demise.

applied accounting for the sum of The Report and Accounts hav$13,200.00 and which your Direc- ing been in your hands for the tors consider to be, sumcient. i required period I will adopt the trust you approve the charge.

again have 1.ค

Your procedure and with

your,

Directors waived their tees for the year. permission take them as read.

WORKING ACCOUNT LOSS ` I do not think that the Accounts call for further comment: The As you will have seen we have nett position is a loss of $12,635.49 barely managed to hold our own for the year which, added to the In the operation of our business existing debit balance at Profit there being a loss of $11277 on and Loss Account gives a total of

flects the conditions which have

WAR HITS GRASS HAT

TRADE

FINANCE & GENERAL -

Balkans Contribute Some Startling Episodes To European War Drama

BUDAPEST, Dec. 17-A review of European developments in 1940 shows that the Balkan theater contributed some of the most startling episodes of the current war drama.

The year was marked „by:

AXIS EFFORTS

*fforts the Axis

of

1. The

3.

inviting Hungary. and Bulgaria to tain, thus forming a Balkan, neu- trality bloc under the protection of Italy but with the friendly ac- quiescense of the western powers.

The conference met at Belgrade

The Production of "pandan," or powers to forge a Balkan bloc of bamboo grass bats. was at one neutral countries, including Eun- time a nourishing and remunera-gary and Balgiris tive. enterprise for the natives in 2. Italy's reversal of policy in the first week in February and the Tasikmalaja district of west the west, which freed the Axis forfalled completely, Turkey's efforts to revamp the Balkan Entente of Rumanis. Java: There was a roaring export further penetration

trade in this product, especially to Hungary and Bulgaria, in turn into an instrument for collective France by far the biggest con- severing the Balkans from their security by exchange of mutual sumer where the semi-manufac-only export outlet by way of the assistance pacts also failed. tured article was fashioned Into Mediterranean. beautiful and striking types of teminine head-dress.

BRITISH POLICY 3. Soviet Russia's occupation of The British polley was to offset"

No way by Bessarabla, precipitating the dis-Britain's failure in All this is gone now with the fall solution of Rumania by progres-developing secondary battlefelds. of France, and even the compara-sive stages, terminating in Ger- Thus she accelerated her efforts in

the south-east. 4. The Italian confict with In April, the British ministers have suffered through the severe tively small exports to America man occupation.

met in simultaneous with the to the Balkan countries competition offered, by paper hats Greeca.

doplimatic merry-go-round result-London and decided among other In that country.

To prevent hundreds of natives ing in the extension of the tri-things to establish a commercial Britain's economic relations from being deprived of their means power pact to Hungary and Ru-corporation for the improvement

Tugoslavia and Bul-with the Balkari states. of existence, hats are now being manta, and the reserved attitude of replaced by slippers woven of the thereto of same material. Rubber soles for maria these slippers will be produced in a central native factory at Tasik- malaja.-(Malaya Tribune).

GOOD. MONTHS' The first four months of the year looked like good months for peace. Bulgaria seemed willing to walt for territorial revision after Rumania, in friendly direct talks, promised the peaceful transfer of South Dobrudja after the war.

Turkey and Bulgaria also be- it is officially stated that reports came more friendly and the at of a shortage of aluminium in the mosphere seemed more favourable a conference of the Balkan United States were incorrect and for

U.S. ALUMINIUM SUPPLIES

NEW YORK, Dec. 30 (Reuter)--|

SHARE

QUOTATIONS

Rumania then charged that the British had planned to sabotage Rumania, including the blowing up of the Danube iron gate. Ru- mania confiscated supplies aboard some British shipa

"TUESDAY,

SAY

DECEMBER 31, 1940. —PAGE

Gordon's

...and know what you're drinking/

GORDONS DRY GIN

ENSTIBLERY LONDON

NO COLOURING MATTER NO INJURIOUS INGREDIENTS

SELF-SUFFICIENCY

IN FOOD SUPPLY

WAR-TIME DIET

Berlin immediately raised de-

A new diet compatible with the mands for policing the Danube. which Belgrade and Bucharest Kwangs is striving for self-gum-principles of economy and nuitri- answered formally by agreeing to ciency in food supply, declared Mr.on has been worked out jointly strengthen their

patrols Mr. Chen Ta-cha, director of the by the National Health Adminis- tration, the Agricultural Promo- along the river.

Kwangi Bureau of Agriculture.

tion Committee and the National of Agricultural Re- An increase of 2,000 shih or cer- Institute

FOCUS OF INTEREST The focus of both "Germany's hat suppiles were ample for the Entente Greece. Yugoslavia, Ru-i

mania and Turkey preliminary to and Britain's interests was the Rueals is expected as, result of the search, It will be announced for defence programme.

manian oll, copper, iron ore and winter farming this year, Mr. Chen general adoption as soon as it le approved by the Executive Tuan. and other mines. Both Rumania said.

-(Central). and Yugoslavia. were compelled to Kwangsi's total agricultural ex establish state control on exports penditure for the current year, ac- of war materials as the British cording to Mr. Chen, amounts to financial superiority otherwise more than -$1,700,000. The Joint would have beater out Germany Head Office of the four government throughout the Balkans.

banks, namely, the Central Bank of After the visit of German

China, the Bank of China, the Bank Agriculture Minister Darre in May of Communications and the Farm- Hungary increasingly placed her

Working Account. This loss re- $28.234.83 to be carried to next HONGKONG

prevailed in Canton during the

Account

may be re-

greater part of our accounting ASSURANCE TO SHAREHOLDERS Before I put a formal Resolution period. conditions of which you are all aware and which need no to the Meeting I would like to ss- sure shareholders that while the. amplification from me.

The revenue from the storage of Accounts before you dry goods to which my predeces-garded as not altogether unsatis- sor made reference when address-factory under the circumstances. ing you from the Ch at last your Directors have not lost sight Ordinary Yearly Meeting and of the various factors which are which enabled us then to show ilkely to have a detrimental effect

on. the Company's future somewhat better returns bas

which in turn wifi! affect the dwindled to very small propór-

favourable dash position tions.

existing. These matters have been CARGO WITHDRAWN

engaging the close attention of This position has arisen since your Board and any decision ar- the bulk of this cargo has been rived at will immediately withdrawn from our premises fol- brought to the notice of Share- lowing the cessation of hostiltles holders. on a large scale in Canton.

and

STOCK" KICHANGE.

Buyers

Sellers

Salm

Kemical

;

!!!

SHAR BROKERS ASSOCIATION

MONDAY 30 DEC.

Banks

$1330 H.K. Banka ........

Do. (Col. Reg.)....

Do. (Los. Eeg.) ....

Canton insuPATICED....

Shipping

Underwriters

H.K. Fires

$135 | Douglasem

Stearabosts

$ICO Indo-China (Prof.).

Buyer

6eliers

1

Nominal

Mr. J. R. Bell, Live Stock Com-

100 mor horses in Manitoba. missioner for the province, reports

than a year ago. Mr. Bell, who is also secretary of the Manitoba · Horse Breeders' Association, ad-

the highest since 1918 and... `that the stallion clubs total 104. Blx-

$1370 war resources at Germany's dis-ers Banks of China, has 1 aned to vises that stallion enrollment is

***

posal...

Kwangsi $5,000,000 for the promo- tion of agriculture and water con- At this stage, with Germany and Britain locked in a wrestling servancy, and the Joint Head Office

teen colt club shows had beer match for hegemony in the south of the four government banks and held in the province during the

simmer and the exhibitors, were east, Germany, joined by Italy, the Argicultural Credit Adminis- struck at France in the west, corn-tration have jointly loaned $1.300,-lex boys and giris pletely changing the position of 000 for winter farming. Meanwhile. $200 the Balkana.

$300,000 has been obtained from t

£82

£82

£11

£A£

Chartered Banku .....

EA

26

Mercantile Bks. "A"

€90

P10

Mercantile Hks. “C”.

Ele

Bank of East Asia..... $74

$74

now

N. C. & B. Banks.... -Insurances

12 ct

1200

***

$400 Union Instrancea...........

$305

$1

80 ct

be $167

$165

$135

3100

$80

Indo-Chinas (Del.).

$100

38/A

Shells

38/9

$

Docks, Wharves,

H.K. & K. Wharves.

$93

Providenta - k

8670

H.K. Docks (Old)....

$184

318

$30+

16/3 87

With these remarks I now pro- 'Our Ice business during the pose that the Accounts as present- period under review showed aled be adopted," When this has marked decline, only 158.531 tons been seconded I will be pleased to were sold as compared with 698.- answer to the best of my ability 067 tons in the previous year and any questions which Shareholders $30.033 tons in the year ending may wish to ask. July 31, 1938. ||

"

·REPORT SECONDED

£93

15.70

$18.30

Prior to hostilities there were Mr. G. W. Sewell seconded the 1780 unly two Ice Plants of moderate adoption of the report and state- size located in Canton City. Our ment of accounts

Mr. W. L

own plant on Bhameen was the Alexander proposed the re-election largest in the locality and further to the Board of Directora of the contained the only Cold Storage Hon. Mr. S. H. Dodwell and Mr. facility in the vicinity. The year Ho Kom Tong. This was second- opened with 2 new Ice Planted by Mr. J. D. Thompson. located in the City and this sup-

The Hon. Mr. S. H. Dodwell pro- 13. plied a large portion of the Ice posed that Messrs. Percy Smalth, $33 requirements there. The result Seth and Fleming be re-elected.] was that we were able only to All Auditors, the motion being second- in any shortage or supply thated by Mr. Ho Kom Tong. occurred In the City.

MINIMUM EXPENSES

THOSE PRESENT

Present at the meeting were the

Expenses throughout the year Hon. Mr. T. E. Pearce (Chairman). were kept to absolute, minimum the Hon. Mr. B. H, Dodwell and $185 cunsistent with the essential Mr. Ho Kơm Tong (Directors), Mr. operation of your business.

G. Milne (Secretary) and the fol-

:::

The 'Diesel Engine which was lowing shareholders:-Messrs. W. installed late in the year ending L. Alexander, G. W. Sewell and J. 17.70 $16 July 31, 1938, has proved of great D. Thompson (representing the benefit as It was available to Dairy Farm Ice and Cold Storage $61. maintain cold storage when the Company).

HONGKONG

SHAREBROKERS:

ASSOCIATION.

Volume of Business Transacted

on Monday, Dec. 30, 1940. SALES

China Providents

Ching Light Rts.

A

هام

$11

$5.89/67

118.

$36

Waterboats

Godowns, etc.

H.K. Dock (New). +Shanghai Docks......

Mining

18/3 Kailans

201 Rauba

Jata. Hong Kong Mines..

***

Lands, Hotels and

Bulidings.

H.K. & 8. Hatel....... H.K. Lands...

$31

#33)

$100.

3100 Do. 4% Debentures... $12.308hanghai Land......... $2.80 H.K. Bosition... 17.60 Tumphreys

ge

$100 Chinese Estate

Cotton Mills Ewo (8.)

$45

#24

Bhai Coltons (8.)-; Zoong Bings (8.)..... Wing On Textiles (8. Public Utilities

H.K. Tramways....... $7.40 Peak Trams (old)... Peak Trams (new).. Star Ferri Y'mati Ferrien 19- 16.50 China Lights (0)...........'

China Lights (New)..

*824

C. Rts.

$1.20

Rts. 81.20/20

$40

317

LABOUR RALLIES $3.00

IN INDIA

the

CALCUTTA, Dec. 30 (Reuter The leading anti-Fascists in the Indian labour world are holding labour rallies throughout country to mobilise labour 'sup- effort. Various 500 $5.67 port for the war 2,000 5.70 industrial leaders" are Also

75 130 Ing the move,

222 1,35 2.944

1.25

:

500

john-

$11.40

ParadiHT IN gin

$19

1.500 1.25

1.25 According to a statement issued 362 1.25 by the Grain Commissioners' 625 1.25 Laboratory, an analysis of 13.00- to October 20, 400 1.25 ples, received up

3.128-

The total value is $22,453.75.

There is to be immediate con trol of cement and bricks, stated the Ministry of Works and Publis Brildings, announcing the appoint- ment of Mr. Hugh Beaver to be

Huilding Materials

$1,80

of the western flax crop-indicates that the liriseed oil content will be about one per cent higher than that of last year. From this it is claimed the oll will be of better: $10 $10.70 quality for the production of fast- drying paints and varnishes

The manufacture and export of

Priority Officer, and Controller ofuminium kitchen ware has been

prohibited by the Board of Trade

$7.70

ukan Ti Tha Hmen4b

H. K. Flectric Old... H.K. Iectics New)... Macao Electrics (Old) (Now) 316 Macao Electrics

$20

Sandakan Lights...... Telephones (old)....... #10.20 Telephones DeW)....... S'pore Tractions (Ord.) Industrials

$14.90 Cald.; Macg: (Ord.) B.

319

Cald., Macg. (Pref.)8

$1

$18

H.R. Ropes mama

$24)

Canton Iom Tbeta. Cements ...

H.K. Gort Lon

$974% LowE

#94 81% 894 35%

32.10

$39

(1954) (1940). Miscellaneous

Dairy Farms..

$7

Entertainments Constructions · fold).. |Constructions.[nww)... Lane Crawlords... Nanyang Tabaco $31.

Ch. 0.5% 19250$Bdı.

ILK. Wing O¤

S'hai Wing On ................... Vibro Piling

7/6, Maramans lov, (Lot

2/8 Maramans Inv) (H.K.)

$1.80 W Powells..

China Lights(Bights)

+Bale to Shanghai,

This made the Mediterranean a the National Food Control Admin- battlefeld, cutting off the Balkan istration for the increase of food istry of Finance for the increase overseas trade and completely production and $150,000 from the of tung oil production.(Central

redrienting the Balkan position. Trade Commission under the Min-News),

HOUSES AND APARTMENTS TO BE LET MISCELLANEOUS WANTS.

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the prics given below SITUATIONS, VACANT..

HOUSES AND APARTMENTS WANTED:

Announcements not exceeding 25. Words are inserted under this heading at a Pre-paid. Hate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.

WANTED TO BUY

WE PAY HIGH PRICES for all #3.86 gold and silver articles. Jade, 871 diamonds. Jewels, watches. foun- tain pens. Apply Far East Dia- mond and Gold Refining Co. $45

Room 621, China Building, 6th $185 door.

$125

+1

WE PAY HIGH PRICES for all gold and silver articles, $7.40 gold bars, diamonds and jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.

$19

63 $61

C8.9 I.R.48.80

340

14

$264

$101

BIBL

WE OFFER HIGH PRICES for any amount of gold articles, diamonds, silver, etc. No holidays. Apply. China "Building, 7th floor.. Tel. 30727. Eurasia Gold Refining Co.

WANTED KNOWN

Why not learn all the Fancy latest Stitches for your dresses Land Sweaters...

JOIN THE KNITTING CLASS $7,10 AT $3.00 per month (Twice a week

lesson). Please apply to Box No.

98/

395

654 c/o HKD.P

$19.

ORDERS TAKEN for hand-made- sweaters, Ladies' jumpers, Babies' outts, etc., at $5.00 each for $1.65 workmanship.

Wool and model desired, to be supplied by customer.

Beud-particulars of address, etę... $10.60 to Box 502, HX.D.P.

$2,50

38

330

$14

08

Experienced Book-keeper Wants Students, to form a class. Guaran- tee students to keep a whole set of {books after completion of a course $1.80 of 8 months. For Term and 'Par- $1.55/1.30 | ticulars. Please. Apply to:-Box No 463 ało HKD.P.

HOTELS

FOR JADED APPETITES!

REAL RUSSIAN FOOD

Tiffin $1.00 Dinner. $1.25 METROPOLE HOTEL

ENGRAVERS

FEI FEI & CO. Photo Engravers

18, Cochrane Street,

Telephone No. 22224.

AUCTIONELES

GREYLEST COLLUTION OF BARGAINS IN TOWN!

LAMMERTS MUCHON ROOM Lawmart, ketara

J

Teksowna. Na poti

Jimmy's

BUTTERICK

Expert Ladies Tailor

New Style Beady Made Dresses, Overcoats and Costumes

FOR SALE.

16, Wyndham Street.

Tel. 23615

TEA DANCE DAILY

EXCEPT MONDAYS 5.to 7.30 PM.

TAILOR

LAM, SHIU SHEK

334, Nathan Road,

Kowloon, Tel. 57712. Guaranteed delivery 1 suit in 24 hours notice and 6 houra for a pair of trousers.

Help your Friend and This Hobby by giving POSTAGE STAMPS

for

his collection and

SEEDS FOR HIS GARDEN

We can supply the goods of kis and your want

GRACÁ & CO. Dealers in Postage Stamps, Garden Seeds, etc. etc.

10 Wyndham Street Established 1896

Hongkon