1941-05-19 — Page 9

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HONGKONG DAILY PRESS

Yaumati Ferry Company Profits Lower Than 1939 Despite Traffic Increase

.

"Despite an increase in traffic and higher receipts the profits were lower than that of 1939," stated ME LAU TAK-PO when he presided at the annual meeting of the HONGKONG AND YAUMATI FERRY CO. LTD.. held on Saturday.

+

This fall in the nett earnings, was attributed to the increased cost af fuel, increased taxation, requisitioning of the Man Yeung by the Hongkong Government, war-time regulations and restrictions and the higher costs of metals. timber, stores and foodstuffs. “

FINANCE & GENERAL

Finance and Commerce

Petroleum Increase

'An increase of eleven per cent.

18 recorded in the production of crude petroleum in Canada for 1940. Ninety-seven per cent, of the total output came from Al- berta, where 32 new wells

were

Pro-

·

BUTTER AND CHEESE PRODUCTION

Factory cheese production in Canada last year recorded a gain of 16 per cent, accompanied by a moderate, reduction in the output of creamery butter. This shift to cheese followed several years of increasing butter and declining cheese production. Re- turns for December last and January, however, exhibited a shift back to batter. The output of factory cheese in 1940 was the highest for many years. Production of concentrated milk last year showed a guin of 18 per cent

19

The Board of Directors, however. į siderable hardship to the members completed during the year. recommended that the same divi of our staff and it was decided to duction in Ontario, the oldest derds as for 1939. namely $2.40 for give a general allowance of $2.00 field on the continent, declined

The production of factory cheese, pounds, has the production of each ordinary share and $2.90 on per month to 830 employees. Our but New. Brunswick output rose.

in Canada increased last year to factory cheese stores are also increasing in cost

been as great each Preferential share, be paid.

According to "the returns for 142,107,000 pounds from 122,772,000 flast year Supporting Mr. Lou Tak-po were und our repairs cost much more 1939, Canadian wells were the pounds in 1939. In addition to Dr. Kwan Sum-yin, Mr. Ll Sing-on account of the high cost of steel sourde

or approximately 17 per factory cheese there is a Canadian kue, Mr Cheng Kwok-on. Mr. and timber.

cent, of the crude refined in Cona-output Your directors

of form-made Young Tsun-dart, Mr. T. N. Chau.

cheese are giving the Mr. Wong Kwok-shuen, Mr. Chay above matters their very serious/dan plants. Sixty-three per cent amounting to approximately onesaskatchewan and Manitoba fol- ! Wai-hung and Mr. Wong Chot-hoo and careful attention and are ap 20 per cent, from other countries, same comparison, output of cream withstanding the decline in Dom

came from the United States and milion pounds annually. On the lowed in the order named. Not- (directors), while there were over proaching the Government ori principally from Colombia and

Afty shareholders present.

ANNUAL REPORT

Mr. Lau Tak-po said:

some of the problems."

NEW VESSELS

Venezuels.

Crude

Ontario led the provinces in creamery butter production last year with Quebec second. Alberta.

ery butter declined from 267,388,000!

inion output, increases were report. ¡to 264.153,000 pounds.

ed from six provinces. pétroleum output In During 1940 new ferry vessel the

Dairy butter production in the In presenting the annual report Man Tat was added to our feet Canada in 1940 totalled 8.718,000 Dominion runs about one hundred

A DECLINE and two of the older vessels the old barrels as compared with 7,837,300 million pounds 'yearly. Output of The traffic continues to increase Man Tat and Man Kuen were sold barrels in 1939. "The barrel is 35 concentrated milk increased from from 88,244,000 pounds in 1939 to Production declined in Ontariu und although the receipts were

186,597,000 pounds in 1938 to 195 87,237,000 pounds last year: in higher than those of the previous! at prices well above their book imperial gallons.

Last year's output set up a new 476,000 year 1939 the nett earnings were value as you will see from the ac-

pounds last year. record for the fourth year in suc- since 1928, when it was 144 585,000 pounds: and. in New Brunswick Not Quebec from 79.793.000 to 73,557,000 cession. As late as 1936 production,

from 3,969,000 to 3.924,000 pounds. was only 1,500,400 barrels,

On the other hand, output in Prince Edward Island increased

counts

down by over $202.000.000 The

In February and April this year principal reasons for this being in- creased cost of coal, increased we have taken delivery of two new ferry vessels the Man Ka and Man Taxation, requisitioning of the

The introduction of the acidisa-

vehicle ferry vessel "Man Yeung"Kwok both of which are operating tion process in 1937 was an in- producing areas. The development from 1.925,000 to 1,995,000 pounds: war time Regulations and Restric-in a highly satisfactory manner fluential factor in "bringing about 'er Pinchi Lake cincibar deposits. NOVA Scotia from

tions, higher cost of metals. tim- The passenger accomodation on all the ber. stores and foodstuffs.

In 1932 when we submitted over tender to the Government for the Ferry Franchise we were paying about $10.80 for stor of coal. After the outbreak of hostilities between Japan and China the price began to increase out up to the cutbreak of war with Germany the pries of coal was only $18.00

per ten..

In the latter part of 1940 he price of coal rose rapidly and In- dian coa fa now quoted at over $80.00 and Dutch coal at over $75.00 per ton. No one at the time i of tender could have foreseen this

abnormal rise.

increased

production:

to 5,678,000 5.365,000; British Columbia from

but north-east of Fort St. James, in the new vessels are a great im- many new wells have been put the northern portion of the pro-6,085,000 to 6,181,000; Manitoba prevement on the older type of into operation during the last vince, has become an operation of from 28,524,000 to 27,290,000;

45. It is the policy of the three years. Board to replace the older and smaller class of vessels with new and more economical ships

Your Board have recommended

in increase in the minimum fare payable on commercial vehicles to $1.50. This rate is still 25 per cent.

considerable Importance. Recent discoveries in this area and ex- Reports received by the provin- tending to Yukon Territory are cial Department of Mines indicate sald to indicate a general distri-

the world's important mercury cury is obtained. that this province may become one button of the ore from which mer-

Saskatchewan from 25,400,000 to 28,307,000: and in Alberta from 29.710.000 to 29,797,000 pounds.

In factory cheese production on- tario again led the provinces with Quebec sacand. Manitoba ranked third in this branch of dairying Alberta and British

below the authorised charges. They HONGKONG SHARE QUOTATIONS followed by

for any increase in the passengers STOCK EXCHANGE.

do not propose, however, to apply

and private car fares.

In recommending the same di- vidend as for 1939 namely $2.40 for each ordinary share and $2.90 on each Preferential share your direc- tors. have provided for the carrying yer of $211,384.64 into next year's account. which I trust will meet with your approval.

MUST CARRY ON The rise in the price of coal to such abnormal rates is entirely due to the shortage of available ship-

OTHER BUSINESS ping. Very nearly all the British.

After the Report and Accounts merchant shipping has been re- quisitioned; and British shipping have been adopted by those pre- now available is said to be plying sent. Mr. L Sing-kue proposed, for the benefit of Government. As and Mr Chenk Kwok-on seconded,

a public utility company even though we pay to Government sums three or" Your times the amount distributed 3mong shareholders, we must still carry on as we can and trust that Gor-

urה

that Messrs. T. A. Martin and Co.. and Mr. Li Tung. be re-elected au- altors for the current year.

The following were Directors:

re-elected

•

Columbia.

All

MONDAY, MAY 19, 1941. —PAGE

25

If you Valie Health- your

Insist upon

Gordon's GIN

NO Colouring Matter No Injurious Ingredienta

DRY GIN

For

New Regulations Imports Into Colony

Government

It is notified for general information in the Gazette that all firms, hongs, companies and individuals who import foodstuffs (including liquids) directly to Hongkong from the United Kingdom that revised quota tigures allotted in respect of each kind of foodstuff are shortly to be sunbitted to the United Kingdom Government for consideration. Any, Importer who is directy Licence to import foodstuffs trom concerned with such imports and the United Kingdom will be grant has good reason to such revisioned to firms, hongs, companies or SHAREBROKERS' ASSOCIATION

of the quota figures already allotted individuals who have failed to-re- provinces except British to him or them, should apply to gister with the office of the Con- Sa Tomies Columbia showed gains. Factory the office of the Controller Sollers

of trailer of Food by May 21. *** cheese output in Ontario increased Food" (Mr. D. L. Newbigging) by from 88,518,000 pounds in 1939 to letter on

The above relates to previous or before May 21 this notifications that all orders for S524,000 pounds last year, and in year, when due consideration will foodstuffs from the United King-.. £761 Quebec from 26,271,000 to 33,867.- be given to individual applica-dom for consignment to Hongkong £73 000 pounds: In Brush Columbia Hona

Ishould in future be submitted to there was a decline from 922.000 to

Similarly all firms, hongs, com the Controller of Food for endorse2 750,000 pounds,

panies and individuals who import ment before they are despatched. On the other hand, production foodstuffs (including liquids) dl- Strict control is now being exer- Increased from 345,000 to 402,000 rectly to Hongkong from the United cased on the export from the United pourds in Saskatchewan; 561,000 Kingdom who did not register at Kingdom of all articles of food" $229 to 628,000 in New Brunswick; 465,- the office of the Controller of Food and in the absence of such en- $400 000 to 634,000 in Prince Edward in accordance with unvernment dorsement export may not be per

Island; 2.196,000 to 2,706,000 in Al- Notification, 282 of March 7, 1941, mitted. Consignees are therefore berta; and from 3.493,000 to 4,548.- should do so on or before May-21. -warned to -ahfaln“, endorsement $117,000 pounds in Manitoba.

are warned that no "all cases

!

Rujara Rellers

Balea

Nomina

SATURDAY

Buyer

17 MAY. Banks

$1305

H.K, Banke

$1305

£764

£73

Do. Col. Reg.) Do. (Loa. Reg.) Chartered Banks

£11

$71

3231 Mercantile Bka. "A"

Merrantile BES. "C". Bank of East Asia..... N. C. & S. Banks............. Insurances

871

18 ct.

$178

Dr. Kwan Sum Yin, Hon. MT. 280 ernment will tackle this difficult N. Chau, Mr. Li Sing, Kue, Mr. question as soon as possible.. The Kwok Chuen, J.P.. Mr. Choy Wai coal position, is made worse by the Hung Mr. Young Tsun Dart, Mr. fact that the vehicle ferry Man Cheng Kwok On, Mr. Wong Kwok

Shuen: Mr. Chan Kam Yung Yeung which is a diesel engined

Mr. Dau Tak Po, Managing pl- ship has been requisitioned thus further increasing the coal bill, rector. and Mr. Wong Chol Hoo, and depriving us of the benent of being permanent director, are not our capital and one of our most

subject to re-election. economical ships.

Fortunately, we have In hand

considerable very

stocks which were purchased at much lower prices, but in time these stocks will be exhausted.

During 1940 we paid the Govern- ment over $900,000,00 in rents and royalties-but we shall be unable

Dividend Warrants will be issued at the Head Office, at Jubilee Street Ferry Pier today Monday, May 19, 1941

FANTASTIC, BUT TRUE

The following tale.

$4

盟

ដ..

$990 Chaton Insurances.......... $408 Union Insurances......

H.K. Fires................

Underwriter............

ફા

X.D.

Shipping

$128

Douglases ....

Steamboate

#76

Indo-Chinas (Pref.)..

260

Indo-Chinas (Del.)

40/0

.:

Shella

£6.55) Waterbosta

Docks, Wharves,

-Godowns, etc.

$85.K. & F. Wherres..

178 cta.

X.D. $176

280

860

40/0

8964

$5.03 $6.10.86

Providents

35

$14.95

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

$14.95

H.K. Docks (New).....

3261

$256

Mining

12/8

12/8

$5

#8

..

+Shanghai Docks ....

Kalluns

Raubs

1 cte., Hong Kong Mines...

Lands. Hotels and

Buildings

H.K, & 9. Hobala...................... $2.85 H.K. Lands......

$971 Do. 4% Debentures..

$13

Shanghai Lands............ H.K. Realtins

26.70 Humphreya

Chinese Estates.........

Cotton MiİK

$200 S'hai Cottons (8.).

Zoong Sings (8.).....

22.85 #31

which wel

82.70

ап

$90

8361

Emo (8.)

to buy coal at present prices and deserves the above, lanel, is pay such large sums to Govern- astounding revelation of the cun

dition of German morale after a

ment.

I am happy to state that steps year of triumphs' in Norway. are just being taken to enable us Since the successful British-

to obtain our coal supplies at a Norwegian "rald on Lofoten, the much lower rates.

Germans have hearily reinforced

IL

Macao Electrics

$2.70

FIL

:

:.

$31

Importers

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below i SITUATIONS VACANT:

HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid

Rate of $1.50 for TBREE INSERTIONS.

LOST

If Charges collected, $2.00.-

No.

Gents dress ring between Moody 1971 Road and Harbour View Hotel. Reward. Finder please communi- cate Box 248 HK.D.P.

TO LET. Unfurnished from 1st 2200 June. 300 The Peak Stx roomed

house

Fifteen in Bluff Path $125 minutes from Tram. Reasonable

Rent Hastings

Co. Marina

WE OFFER HIGH PRICES for any amount of gold articles, diamonds, silver, jewels, etc.

7th floor. Tel. holidays. Apply China Building, 30727.

EURASIA GOLD REFINING CO.

FOR JADED APPETITESİ

REAL RUSSIAN FOOD

#35

231

Wing On Textiles (8.)

Public Utilities

H.K. TramwayÜ.........

$16

House.

271

Peak Trama (old)...

#76

831

Peak Trams [Dow}.

Sat

8614

Star Ferrics-ramas

$50

I.D. $21.35

'mati Ferries

123

Chin Lights (0).....

$5.65

WANTED

China Lights (New).. $1.20

X.Eta. H. K. Flectrics (Old)... IB.

$22

$11.30

$162

#19

3211 $11.35. $18.10/15

H. K. Mlecticr(New)...

H.K. Electric (Res)]"#11}

Energetic canvassers (Boys Girls) for outdoor work. Apply Box 249 EKD.P.

cr

Matao Electrica

$12

Sandakan Light..........

$22

$29.00 $72.30

Telephone foldd).......................

$82.30

#9)

Telephones (DOW) ------.

Industrials

830

Cald., Macg. (Ord.) 8.

$25

| Cald., Macg. (Prof.)8 |

$1-Canton Tee

#14 Cementa

$14

H.K. Bopen)

HK, Govt. Loens

$93 14% Lond

804 31%

+

(1934).

$94 31%

2

The imposition of new Taxation their coast patrols. One of these. Including $25.00 per ton on fuel operating near Bergen, was recuus $5.00 $16) 816- oll and 10 cents per gallon on incitering after nightfall when sud- lubrication of has also increased denly a shape appeared on a hill- our operation costs.

side out of the darkness. "Halt!" VEHICLE FERRY SERVICE Icried a soldier. But then other $6.70 The motor vehicle ferry Man shapes appeared and the Germans enng was requisitioned by the dropped everything they had and

$22 Authorities in July 1940 but the ran for their lives.

** The 'shapes' rate of hire paid for the vessel will then remained in full control of not even pay for ordinary depre- the hill. They were twelve, sheep! ciation. The loss of use of this Next day the German comman- vessel upset our vehicle service and dant posted orders to the effect caused bad congestion of traffic-that all sheep must be at home by with an adverse effects on our 7 pm. Otherwise they would run vehicular traffic receipts. On the the risk of being shot. 15th instant the authorities have informed us that the Man Yeung will temporarily be returned to us and that the hire will be paid at "an increased. råte. It gives plea- sure to state that the vehicle ferry service will return to normal as from today.

The frequent blackout exercises

have also

affected our

receipts.

The New Territories ferry services

HONG KONG TIDE TABLE From 18 to 23 May 1941.

HIGH WATER.

Week

Height

Hoight.

LOW WATEN

Hong

Hong

Kong

Standard Time

Kong Standard Time

h. m. Jin.

b. mix,

03 32 4 8

Wed. 81

16 84 06.90 61 17 2149 06 57

62

09 32 22 62

14 2

1125

23 38

54

18 35

(4.6]

1236

0727

00 23

1837

4 6

1324

2

07 52

100'

00 67 空

20 33

46

Sat. 94

OB 148 3,

01:37

21 16 "48

14.47

08 36 6'6

17 0210 2.6

$203 [45

1520 1.4

have been seriously impeded by Mon. 19 the war time regulations and re- strictions Although the receipts Tues 20 have been maintained the various restrictions imposed on shipping" require the employment of

two Thu. 22 extra vessels and doubled the mile- age of some of the services and Fri 23 correspondingly the quantity of fuel consumed.

The heavy increase in the price Ban. 25 of rice and firewood brought con-

፡፡

(1940).. Miscellaneous

817 Dairy Farms....

Entertainments.....

$1.80 | Constructions (old)..

#1

***

#C)

97".

94

HOTELA

Tiffin $1.20

•

Dinner $1.50

TEA DANCE DAILY

WANTED TO BUY

WE PAY HIGH PRICES

for all gold and silver articles.

METROPOLE HOTEL

BUTTERICK

EXFERT TAILORS FOR LADIES' GARMENTS.

NEW STYLE READY MADE AMERICAN DRESSES

FOR SALE.

75 eta Jade diamonds, jewels, watches, 16, Wyndham Street.

fountain pens. Apply Far East

Diamond and Gold Refining Co. Room 621, China Building, 6th floor. "(Store will open on San- days and Holidays).

General Agent: Chan Che Kee $1.85 No: 4, Lyndhurst Terrace. Tel

| 20402. #71

哥

WANTED KNOWN

Experienced Book-keeper Wants | Students to form a class. Gueran- tee students to keep a whole set of books after completion of a course of 8 months. For Term and Par- ticulars. Please Apply to:--Box No463 (nio XKDP

Tel, 23615

Jimmy's

AUCTIONEERS

GREATEST COLLLCHON DI BARGAINS IN TOWN!

LAMMERTS AUCTION HOMM

faunert, Brothers,

Bod Get: Telephon· KA 24.21.

EXCEPT MONDAYS

5 to 7.30 P.M.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street. Telephone No. 22224.

Help Your Friend and

his Hobby by giving yo POSTAGE STAMPS

for

his COLLECTIONS

nd

SEEDS for

his- GARDEN

We can supply the goods of his and your want

GRACA & CO

Desters in postage stamps and garden seeds etc. Nou 10 Wyndham Street Established 1888 TONG RONG

\$17}

Constructions (zów)..

Lane Crawfords... *.... Nanyang Tobacco.....

$3.95

$2.15 Sincerek

$9.30

$8}

28°/

$48

$14

14:00 12 a

$9 Watsons'.....

28

Ch. 0.5% 1925133Rdz

839.K. Wing Oa.....

B'hai Wing Di

#7.30 Vibro Piling

Maramans Inv. (Lon.

Marumans Iny. (H. K.

Wa, Powalls. Lights Rts...

+Bale to Shanghai'

6/3