1921-06-15 — Page 7

THE MERCURY GARAGE CO.

GOOD CARS

FOR

PROMPT SERVICE

REASONABLE CHARGES,

CAREFUL DRIVERS.

TELEPHONE: 977.

YEE SANG FAT CO.

BATHING SUITS

MANY NEW MODELS FOR

LADIES, GENTLEMEN & CHILDREN.

Our Bathing Suit doesn't cost any more yet it has a style about

it that's individual.

Our stock of Bath- ing Suits is brimful of the newest models. A wide assortment of

all-wool Suits in most

attractive colour com. binations that every- body wants as well as many plain colours.

Let your next Bath-

ing Suit be one from Yee Sang Fat's. They give satisfaction.

PRICES:

For LADIES,

$2.75 to $16.50 a suit.

For GENT'S,

$2.75 to $12.50 a suit,

For CHILDREN,

$1.25 to $4.00 a suit.

A LARGE ASSORTMENT OF WHITE TENNIS SHOES JUST ARRIVED

THE HONGKONG. SELEGRAPH.

COMPANY MEETING.

(Continued proms Page 6)

directions to pre-war quotations. While we are fortunate in being able to lay before you such a satisfactory report for 1920 work- ing, still it must be realised that] the world-wide slump in shipping. as well as industrial trade depres- sion, must, socording to our previous experience, soon affect

us here and this is borne out by

recent poor earnings and falling aff of business in certain direc-

WEDNESDAY, JUNE 15, 1921,

DAIRY FARM NEWS.

J

T

JUST RECEIVED

$ 1.30 per lb.

$3.50 per ball.

70 per lb.

SHAW

692

AERTEX GELLULAR UNDERWEAR

THE MOST COMFORTABLE FORM OF UNDERWEAR EVER INVENTED. IDEAL FOR PRESENT WEAR. MEDI- CALLY RECOMMENDED. STOCKED IN THE FOLLOWING QUALITIES.

933. VESTS, SHORT SLEEVES DRAWERS KNEE LENGTH 1616.

GRUYERE CHEESE.

·

·

sions. When it is remembered EDAM CHEESE!

that India, the Straits and Japan

are all in a state of commercial

| stagnation one cannot be regarded

as a pessimist who holds the HADDOCKS .

view that evenue from our

principal line which operates

60 per lb.

THE DAIRY FARM, ICE & COLD STORAGE CO. LTD.

between the places mentioned, KIPPERS must be seriously impaired. This is all the more unfortunate (as çompetition is becoming more sente and, notwithstanding the undoubted bad times ahead of us, must be met in order to prevent further encroachment.. Situated as we are in close proximity to an important maritime nation like Japan it is only natural that, in spite of the unprecedented amount of tonnage already Isid up in Japanese waters, we should be beset by spasmodic attempts to cut into our long established China Coast trades, but while! rates bave had to be reduced toi meet the opposition of subsidised intruders, wo are being loyally supported by our constitutents and though we may have to be content with reduced revenue during the time of com-: petition. we do not view the | future with alarm.

old

ENGLISH MADE

Fermob Grey Liberty Crank Geer

"Once a user of our Paints, always a user of our Paints," is the rule rather than the exception. Our knowledge and experience of the local conditions enable us to offer the very best Ready Mixed Paints for all general purposes.

Paints

Mixed Ready for Use

Signal Red Pealised

Dikt

Packed En 7-id- tins with handle, and I-ewt, Drums,

Stucked in Hongkong.

Park Cugat Di

Mate Purple Brow Light Stone Colog

Sandstone Culor Tvery White Lead Cult

Usi Furght Asure bias

Aber Alumnim vim Paini su l-plat Tran

Turning to the Report and Statement of Accounts you will note in the first place that as mentioned at the sanus! meeting last year all the Debentures nave been redeemed and no longer appear in the balance sheet. The fleet is now clear of all encum- brances. Referring to the balance sheet it will be seen that Ex- change Fluctuation Account bas decreased by £261,207,12.10 due to our Floating Dollar Assets and | Liabilities being converted at 315 the rate of exchange rùling on the 31st December 1920, as against 4:104 at the end of 1919. An regards Special Repairs and Renewals Reserve, the £30,000 standing at credit of tbis fund last fear has been absorbed in such; extra work on vessels as could not be regarded as ordinary run- ning repairs. As we still anticipate A continuance of such exceptional; outlay, especially in regard to a re-boilering scheme at presenti under consideration,

£50,000 to Building Reserve holding shore appointments in your Directors have

This will leave Account. deemed it essential to re-establish

balance at credit of Underwrating this fund and it will be noted that Account of £336,574.17,- &

bas

bec allocated thereto.

be be

129

Send For That Cardland Prices Ba

Wilkinson, Heywood & Clark, Limited,

dincorporated in the l'ukad Ksolow

ALEXANDRA BUILDINGS, HONGKONG.

which has

avarious ports.

AB there are no other summatters of interest to refer

to

Reserve, the Underwriting

subject to your approval £30,000 fully sufficient to meet any calls to it now only remains for which are likely to be made me, gentlemen, to propose the A new Account this year appears on 11. Including the transfer following resolution That the in the Balance Sheet in the shape referred to, Building Reserve Report and Statement of Ac- as presented, including of an Equalization of Dividend Account how stands at 1391,411,-counts Fund, to which it is considered 1.6, and this Fund will be partly the transfer of £30,000 desirable to appropriate £30.000 used as required to sexist in Equalisation of Dividend Ac in view of the great uncertainty writing down the first cost of count, £50,000 tv Special Repairs

Renewals of the fature of shipping, as, with tonnage which had to be acquired and

from continually increasing overhead during the period of high prices. transfer charges, it is necessary to provide One of the more important Account of £100,000 divided against lean years of working waters

had equally between Building Re- which may be ahead of us.

to be considered, especially in servo and Floating Staff, Pension With reference to the state-respect of the future welfare Fund, also the payment of a final ment made at our last meeting by of the Company is the dividend on the Preferred Shares the Chairman in connection beavy outlay which will of 3 and £2.10 on the Deferred with the procedure to

required annually to Shares be adopted sad that the adopted whereby steamers, are meet the financial necessities of sum of £3,278.94 be carried for- covered in орг Under the Pension Scheme. Investiga-ward to next year's accounts. writing Account against Particu- tions go to show that on the The Dividend on shares on the lar Average losses. the result present terms, a yearly provision Hongkong Register be paid at has been that this account would, of some £15,20,000 may pave to be exchange (2/5), AS BOOK B in the ordinary course have been made, but no definite scheme has this resolution has been seconded increased by some £57,347 bring- 38 been adopted. Sufficient I shall be pleased to answer any ing the total up to £436,574 The data however, has been collated questions concerning the Report sensational fall in the arket to arrive at the estimate just and Statement of Accounts, to Falus of tonnage has, however, mentioned, and in explanation of the best of my ability, necessitated another re-valuation the considerable sum indicated of the fleet for the current year, I would say, that while the 1921, and while previously the employees at present on pension Underwriting Account had to are lew, due to the pension cover the difference between the scheme only quite recently having insured value in Outaide Insur-been adopted, it would seem from Race Companies and a figure actuaries figures that each nearly representing the replacing succeeding year the tax on the cost, there is no longer any Company will be of rapidly agreement between the Directors necessity for, this provision in increasing proportions." of the Railway and the mechanics the Underwriting Account 28 as regatus lovestments these Hoo. Bir C. P. Chater, C.M.G, over the refusal of the former the values concerned have got in the usual course would have and Mr. H. P. White wEID IN- to abide by the compromise more Or jess into line. shown an increase of over elected on a motion by Mr. arranged by the Cantonese milit- While the Underwriting Account 100,000; owing, however, to P. M. N. da Silva seconded ary chief (Chan King-ming) in will be relieved of responsibility lower market values of Securities by the Hon. Mr. Ho Fook, The sight o'clock morning train the recent labour trouble of differences of values, it will on the 31st December, it has been On the proposition of Mr. J. from Canton that usually comes bad been settled, and that still have to support the usual 5 necessary to write off £47,898.6,8 |Bell-Irving seconded by Mr. A. into Kowloon Station at noon, the. workmen had resumed per cent. of Total Loss as shown in Revenue Account Murdoch, Messrs. A. R. Lowe failed to make its schedul-Jtheir duties. From this new Claims, this Being Owner's Line, The usual Depreciation has and E. A. M. Williams, of Mesars. ed appearance to-day, a cir development we can only infer the remaining 95 per cent being been written off the value of Lowe, Bingham and Matthews, cumstance that led us to make that the report must have been covered outside. The same Fund the flest which has bean were re-elected auditors for the enquiries of the railway authori-premature.

YEE SANG FAT CO.

TELEPHONE 1355.

NO CANTON TRAINS.

A Strike on Chinese Section.

ties as to the cause. We were informed that a strike had broken out amongst the mechanics and

TYPHOON WARNING.

The motion was seconded by Mr. Yuen Hang Kan and carried,

On the proposition of Mr. H. Birkett, seconded by Mr. Lo Cheung shiu the appointment of Mr. H. P. White to a sest in the Board in place of Mr. G. W. Barton, who resigned on Dec. 6th, was confirmed.

The retiring Directors, the

will also bear ali claims falling maintained at the Company's ensuing year at a remuneration under Particular Average and befusual high standard of efficiency, of $5,000, credited from steamers working though at heavy cost. With the Accounts with an adequate exception of the unfortunate loss premium in respect of such risk. of the Fauzang already referred Your Directors, in the altered cir-to, there has been no casualty -a suspension of the daily service,

therefore The telegram quoted below was cumstances,

recom-of

а serious astore, and from the Cariton end. The trains received from the Manila Obser- mend Chst the

thanks of of the

Com the

tiremen of the Chinese section

of the railway; leading 10

ed to run as usual

8700

trom. Kowloon, however, continu-vatory by the American Con- £100,000 be tran-ferred from pany are due to the floating sulate General, Hongkong, at Underwriting Account and that staff for good services rendered, This development came as a 11.30 am. to-day-

£50,000 of such amount be also to the Company's Super surpriso in view of the Typhoon in about 118

deg. passed to the credit of Pension intendents at Hongkong and repors made in the Canton Times Long E. and 18, deg, Lat N.Food referred to hereafter and Shanghai and to other employees yesterday stating that the dis-"direction unknown.

APPLE TREES ALONG RAILWAY BOUTES. Colonel Sir Charle Yate is to the Minister of Agriculture whether he will suggest to the to the railway companies the ground along their lines for the advantage of utilizing spare planting of apple trees.

19

11

**

31

17

t

1989.

"T

**

30

SPECIALIST IN MEN'S WEAR

DOOR HONGKONG HOTEL.

NEXT

Powell

Wm

Sun Helmets

in Pith.

Gosamer, and

Cork.

All Prices.

TELEPHONE 23146

п.

THE

"AURA"

CUT OUT VENTILATOR

FOR

TROPICAL HELMETS.

FREE CIRCULATION OF AIR SUN CANNOT PENETRATE.

COLUMBIA

Ltd

GRAFONOLAS.

NEW SHIPMENT

JUST RECEIVED.

ANDERSON'S

(THE COLUMBIA SHOP)

COCKTAILS.

CALDBECK'S MANHATTAN CALDBECK'S VERMOUTH CALDBECK'S GIN CALDBECK'S MARTINI

Sirdir Lime Juice Cordial

And

Brooke's Lemon Squash "Lemos " CALDBECK, MACCRECOR & CO., LTD.

is Queen's Road Central.

(Telephone Mu. 78).

WHEN YOU THINK OF

BETTER SOUP & PUDDINGS

THINK OF

THE HING WAH PASTE MFG. CO.,LTD. (No. 47-48 Connaught Road Central, Hongkong) MANUFACTURERS

OF 15 MACARONI, VERMICELLI, PASTE STARS. ECG NOODLES &c. RING UP-2230.

FRENCH LESSONS.

G. MOUSSION,

15, Morrison Hill Road,