1921-03-24 — Page 12

12

THE HONGKONG TELEGRAPH.

The Three Castles

Guaranteed manufactured. in England...

Made in -Regular Magnum and Super- Magnum Sizes

Virginia Cigarettes

Smoked 'round the World

"Three Castles

Cigarettes

W.D.CH.OWIS.

Aristal London

Hepisterss Trade Mark.

This advertisement is issued by the British-American Tobacco Co. (China), Lid,

COMPANY MEETING.

have

of

for the increase in the item business. Rents and the value Interest paid &c." With of land are advancing so rapidly China Provident Loan and the addition of $9,852.99 car in these quarters that we feel we ried forward the profits for have been fortunate in securing Mortgage Co., Ltd.

disposal are $142,292.98 and we these properties before any The twenty-fourth annual recommend out of this sum put- further rise takes place. The net. general meeting of the share-ting $30,000 to Reserve Fund, result of these transaction is that

rid got folders of the China Provident paying a small bonus to the staff we

an and Mortgage Co., Ltd., of $2,286.50 and a dividend of 80 a handsome profit of property we is held at 11 a.m. to-day at the cents amounting to $100,000.00 did not require and have secured lices of Messrs. Shewan, Tomes leaving $10,006.48 to be carried a new godown which could not be ad Co. (General Managers) forward. We recommend increas- better placed or suited for our There were present Messrs, R.G.ing the dividend from seven to wants and a piece of ground which Showan (Chairman), G.M. Dod-eight per cent as in these days of will be very useful for future well, H. P. White and U Poi On high rates of interest the former expansion. As all our funds are (Consulting Committee), W. J. figure seems rather a poor return. kept employed we have no spare and think the best Hawker, A.C.S. (Secretary), Tong The accounts require no special cash

deal with the profit Dai Chuen, A. Keating, J. Top-mention or explanation. Invest way to pin, M. A. Figueiredo, F. Ellis, ments are very small and you we have made on the sale of J.D.W. Munton, A.P. Samy, G.H.will observe stand at what seems the Das Voeux Road and Sai May, A. A. Cordeiro and Pong a safe valuation. This is all I On Lane property will be, in have to say as regards our hou of the extra dividend, to I Choy, shareholders.

The Chairman said: Gentle-business for last year. This year make an issue of $230,000 new men, you will have learnt from I am glad to tell you has opened capital which will be alloted to the report and accounts in your very well for us. Our property shareholders in the proportion hands that our net earnings for at West Point which stands of one new share for every five books at $56,035 86 old aliares, bringing the capital the year 1920 are $132,439.99, in our which compares with $171,061.30 consists of the main godowns on of the Company up to $1,500,000, for 1919 and $124,508.94 for 1918. the water front valued at $443, but all this of course belons to We have done better than we 580.00 and of a block of oldChinese did in 1918 but are below 1919 houses at the back on Des Voeux at our next annual meeting. which was an unusually busy Road and Sai On Lane valued at merely mention it now as I think year for us. In that year we $412,455.86. The latter had been shareholders should know what bad, in order to handle more or less of an incubus as we propose to do with this extra all the cargo brought to although the land itself is very profit. us, to rent a number of outside valuable the buildings are old I now propose that the report godowns and this system worked and dilapidated and have put us and accounts as presonted be very well then, but this year to constant expense for repairs. adopted and passed and that we unfortunately our rents

We have long been anxious place to reserve fund $30,000;

dispose of it raised so bigh that there was no to

and pay a bonus to staff of $2,286.50 ;) aro pleased to be able and a dividend of 80 cents per amargin left for profit and we therefore withdrew from the ten-to inform you that we have share, $100,000; carrying forward ancy as soon as we could. The at last succeeded in doing this at to cargo in the godowne could not a price which will leave us a net When this has been seconded, I however be withdrawn so quickly profit of about $280,000.00 above shall be pleased to answer any On the other questions that shareholders may as we had of course to consider the book value.

wish to ask.

This

were

this year and must be decided

I

New Account, $10,006.48.

the convenience of our supporters hand it has become imperative to and in the meantime wo suffered, increase our godown accommod-

was seconded by Mr. as while the quantity of cargo on ation and the opportunity offering Dodwell and carried unanimously. The re-election of Messrs. Ĥ. storage was gradually diminish-of acquiring a gotown next door ing we could not increase it by to us about half the size of our P. White, G. M. Dodwell and But to present ones and which can be. Poi On as members of booking any new lots. have to rent outside godowns managed economically as owing the Committee for the ensuing

the fact to its close proximity it will not year only emphasises

was proposed by Mr. A. that bad more cargo to dial necessitate a separatestaff, we took Keating, and seconded by Mr. withan our own godowns advantage of it, and purchased Cordeiro could contain and we are fe ling the property containing about

Mr. Whita proposed and Mr J. this more and every day We 18,240 square feet for about Toppin seconded the re-election of suffered too on our loans as we $450,000. We have also acquired Messrs F. Maitland H. Peroy ad to pay one per sent, foro a piece of ground at West Point Smith as auditors for the ensuing interest for what we borrowed containing about 20,000 square year at a remuneration of $200 while it took some time before feet for $70,000 which is already each.

- we could get a corresponding in le out at a fair vental and which i

sebat, on what we had already

The Chairman Baid that

we can keep in hand for future dividend warrants were ready out. This partly accounts developments of our godown and could be had on application.

THURSDAY, MARCH 24, 1921.

HOTELS.

THE HONGKONG HOTEL CO., LTD.

OPERATING -

THE HONGKONG HOTEL,

HOTEL MANSIONS,

THE REPULSE BAY HOTEL.

AND THE

HONGKONG HOTEL GARAGE

J. H. TAGGART, Manager.

KING EDWARD HOTEL.

Tel. 373.

CENTRAL LOCATION, ELECTRIC LIFTS AND LIGHTING; TELEPHONE ON EACH FLOOR.

HOTEL LAUNCH MEETS ALL STEAMERS.

Telegraphic Address: "VICTORIA “

J. WITCHELL,

Manager.

THE PEAK

HOTEL.

1 500 FEET ·ABOVE SEA LEVEL

15 MINUTES FROM LANDING STAGE.

UNDER THE MANAGEMENT OP MRS. BLAIR.

EUROPE HOTEL, SINGAPORE.

UNDER NEW BRITISH MANAGEMENT,

THE PREMIER HOTEL. FINEST SITUATION.

EXCELLENT CUISINE.

ARTHUR E. ODELL,

(Late Grand Hotel, Southcliffe, England and Royal Palace Hotel, London, W.)

KINGSCLERE HOTEL

MID-LEVEL

CRAIGIEBURN HOTEL THE PEAK KNUTSFORD HOTEL KOWLOON SACHSE, LENNOX & Co.. General Agents

Are resident Managers.

GRAND HOTEL DE PEKIN

Tel. Address: "GRAND HOTEL."

Peking.

PEKING, CHINA.

THE ONLY HOTEL DE LUXE IN THE FAR EAST. Afternoon dansant, daily.

ENTERTAINMENTS

THE THE CORONE

TO-DAY at 2130, 5.15, 7.15 & 9,15

HUGE SUCCESS

OF

"IN OLD KENTUCKY"

featuring

ANITA STEWART

A First National Attraction. Telephone 1743.

Telephone 1748,

The Coronet will be closed all day To-morrow GOOD FRIDAY.

HONGKONG THEATRE

TO-NIGHT at 5.15, 7,15 and 9.15 p.m.

MARGUERITE CLARK

in

BAB'S DIARY"

by Mary Roberts Reinhert.

NOTICE.

EXCHANGE.

(Opening Rate: closing Rate

on Page 11.

SELLING.

2/44 2/456

CODES: A.B.C. 5th Edition: Bentleys & Licbers.

I/T

Demand

MITSUBISHI SHOJI KAISHA, LTD.

30 dla

60 de

4 m/s

2j5

I/T Shanghai

Nom.

T/T Singapore..

10216.

DG

178

4614

133 Nom.

Beautiful new steel and concrete fire proof bailding with six floors, 3 lifts; 200 rooms, each with private bath and eity telephone; and a spacious roof garden overlooking the romantic Imperial Palace, the Legation Qua ter, the Rockefeller Institute, and the entire city.

Unexcelled cuisine, with French chef. specialty. Wines of the best districts of France.

Banquets a

Large playground for children in the park of the hotel, which is the bealthiest location in the city..

THOS. COOK & SON, Headquarters, in the building. Motor bas moets all trains.

TRADI

HARK:

L. M. MAILLE, Manager.

Hown Lager Fe

SOLE AGENT,

DAT

NIPPON BREWERY COMPANY LIMITED TOKYO, JAPAN. SPECIALLY BREWED FOR EXPORT.

MUTSUI BUSSAN KAISHA, LTD.,

MONOKONG

L&C HARDTMUTH'S

(MITSUBISHI TRADING 00. LTD., COAL GENERAL IMPORTS AND

EXPORTS,

SOLE PROPRIETORS OF COAL MINES OF TAKASHIM OCHI, MUTABE, KISHIDAKE TOSHINOTANI, HOJO, HAMAZUTA, SATO, SHINNEW. KANADA, KAMIYAMADA, BISA)

and OYUBARI,

Agents for SAKITO COAL.

READ OFFICE, TOKYO.

BRANCHES AND REPRESENTA- KARATSU, TIVES:- NAGASAKI, WAKAMATSU, MOJI, KURE, KOBE, OBAKA, TOURUGA, NAGOYA, YOKOHAMA, TOKYO, HAKODATE, MURORAN, OTARU, VLADIVOS- TOCK, PEKING, TIENTSIN, DAIREN, TSINGTAO, TBINANFU, HANKOW, SHANGHAI, HONGKONG, CANTON, | MANILA,SINGAPORE, SOERABAYA, LONDON, PARIS, NEW YORK &

SEATTLE.

Cable Address:~~~" IWASAKISAŁ," Codes --Al, A.B.C. 5TH ED., Western Union and Bentley.

AGENCY FOR THE MITSUBISHI MARINE AND FIRE INSURANCE.

Co.

•

THE OSAKA MARINE & FIRE INSURANCE CO. -

For Particulars Apply to:- S. KOMURA, Manager. No. 14, Pedder Street Hongkong,

TIDE TABLE.

21st to 27th March, 1921.

High Water

KOH-I-NOOR ZI

HADE IN CZECHO SLOVAKIA

THE PERFECT PENCIL

The First Postwar Stocks

in Hongkong at

SOUTH CHINA MORNING POST. LTD.

3 WYNDHAM STREET.

Tim

Low Water Floogkong Mean Lims

b. m.

(in.

bi m. 1 82

1.2 1 2 1.8

Mon, 21 m 8 19 4.9 7 476 6.) l'ass. It m 8 45 3.8m

30 12 219: 7.3 Wed, 23m 16 5.5 m 36 13 31 67 8 3 1.8 Thar. 74 m 46 5.8 54 16

TIT Japan

T/T India...... Demand, India

T/T San Francisco

New York.f

F/T Java ... IIT Marks

IT France....................... 665. Demand. Paris.......

BUYING.

4 m/s. L/C .......... 2/634

4 m/s. D/P

6 m/s. L/C

2/634 2/7

2/81%

4934

30 dfs. Sydney and Melbourne

30d/s. San Francis- Į

co& New York

4 m/s. Marks......... Nom. 4 m/s, Franca

7.25 7.45

6 m/s. Franca....... Demand, Germany, Demand, New York 4636 TIT Bombaying Nom. Demand, Bombay. 178 T/T Calcutta

......... Nom. Demand, Caloutts ... 178. On Yokohama......... 96 Demand, Manila.... 105 Demand, Singapore. 10231⁄2 On Haiphong Ou Baigon

On Bangkok

Sovereign

Gold leaf per Taol...

Nom.

8814

Nom. 8.00

Bar Silver, ready... 3316

forward

3276

Bank of England rates 7% New York/London. 3.9112

SUBSIDIARY COINS.

H'kong 50 cts: pièces

10 5

DEP 1/2% p.m. (1/29, dini 14.1% dis

Canton subcoine Hoogkong Mar. 24, 1921.

SHIPPING

VESSELS ARRIVED. From Hongkong the TAIKOO WAN brought yesterday 4.600 tons of coal-Mooring A 18.1

10 19 6.5 3 46 1.5 The TANDA arrived this mon VxL 25 10 16 6.1 m 4 12 1,8 ing from Kobe with 1215 11 63 6.9 4 30 1.4 of mauben for Hens kon

1st. 26 10 44 5.#m 4-49

11-64 555 15 14 3,777 tons of con Bun, 37 m 11 14 43 m 4/19 1 porte. She had 858 ded

€ 26 20 dis and 7 first and 33 Seus

m_morning, a sfemoon

Printed and Published for

Joo House Stretto by this