1925-10-10 — Page 4

NEW

ADVERTISEMENTS.

ADVERTISE YOUR WANTS

IN

THE HONGKONG TELEGRAPH which is

THE EVENING NEWSPAPER

WITH THE LARGEST CIRCULATION

25 WORDS FOR ONE-DOLLAR PREPAID

$1,50 if not propaid.

Advertisers should note that replies must be called for at this office.

GIVE THESE COLUMNS AN OPPORTUNITY TO ASSIST YOU.

The following ruplies are awaiting collection

Nos. 1366, 1375, 1314, 1390, 1384 1376 1385 1392,

POSITIONS WANTED.

EXPERIECED ACCOUNT-

MISCELLANEOUS,

We have investors interested ANT. DAINISHER, is open in sound shares at favourabls rates. fers invited by Tele fur engagemant: xoptient re- ferences Write Box 1389 c'ophone C.4530 cr in writing 10 Small Investors. 10, Dee Voux "Honkong Telegraph "

Road.

WANTED.

COM wanted by a. For poan its a thinse or Ponugre femi y. Rem must be moderato. Apply Pox. 1393 éj› 3.ongkong Posegaph."

PREMISES TO LET..

-0

LET

Portions of Third Floor of Stethen's Building.

Suitable for Two Large Oligos or several smaller ones. Well lighted } rince's Apply DEACONS, Building.

GODOWN

ODOWN TOET, in Alex

endra Buildings. Arrly Secretary A. S. Watson & Co., Limited.

TO LET-One Furopean lat,

Ward lui Gap rued, Fong.

HONGKONG JOCKEY CLUB.

Notice is hereby given that the Extra Race dalo of the inst Meeting of the Seaton advert sod for the 5th day of December 1925 will be held on 28th November next instan 1.

By Order,

H.OREENWOOD,

Acting Secretary.

CRAIGENGOW.FR CRICKET

CLUB

Members Subscription Dance.

Members are reminded that the opening dance of the season. takes place at the Club House. on Saturday, 10th inst,

R. BASA Hon. Secretary.

kong. Apply to 32 Kenedy INSURANCE OFFICES

Road.

No about March 1926 whole flat or spaolons suite of office in the "French Building ".èx' Victoria Building," No. 5 Queen's Rosd Central (between Chartered Bank and Mercantile Bank.)

Apply to: Basque de l'Indochine

Chater Road,

To Let

Two newly con efactod. European houses, Magazine Gar, Motor hoad, three flats, three large rooms rach with kitchen. Boryants' quarters and bath room, filled with flush system Caragos provided. Immediate possession. Apply Sang Koe, New Bank Building.

NOTICE.

As from the 25th August,,1025, MR. JOHN ROBERTSON ceased to

be a PARTNER in our firm.

W. A. HANNIBAL & CO,

Hongkong and Casten. Hongkong, Oct. 4, 1925.

BANK HOLIDAY.

In accordance with Ordinance No. 5 of 1912, the Exchange Banks. will be closed for the transaction of Public Business on Monday, the 12th October, 1925.

Hongkong, October 7, 1925.

NOTICE.

HONGKONG JOCKEY CLUB.

The Sixth Extra Race Meeting "will be hold (weather permitting)|| at Happy Valley on Saturday October 10th and Monday Oct- ober 12th 1925.

NOTICE.

GENERAL HOLIDAY

Notice is hereby given that all, Fire and Marine Insurance Offices will be closed for the transaction of public business on Monday, the 12th Cetobor, 1995.

By Order."

JOWE, BINGHAM &

MATTHEWS:

Secretaries,

THE FIREINSURANCE AS- SOCIATION OF HONGKONG,

THE MARINE INSURANCE! ASSOCIATION OF HONG- KONG & CANTON,

8th October, 1925,

FOR THE ORPHANS AND THE BLIND.

A CHEAP SALE OF WORK

will ho opazed at the... FRENCH CONVENT, CAUSEWAY BAY, at 10 a.m.

on

WEDNESDAY, 14th OCTOBER by Mrs. H. W, BIRD. Large quantities of Linen Embroidery Work and Woollen Artioles, suitable for Christmas presente for friends at Home.

and Linon

Cheap Woollon Articles for Babies.

A special feature will be a number of French Dolle in fancy dress.

RAFFLES.

The First Boll will be rung it - 2.45 p.m. each day.

The charge for admission to the Publio Enclosure will to $1. Soldiers and Bailors in uniform

half price.

.

SWEET STALLS.} REFRESHMENTS.

INSTITUTION FOR THE BLIND.

"KOWLOON CITY ROAD.

20 min from Star Forry by Members are advised that they | Kowloon City Bus. must show their Season Tickets Or me and buy our hand-knittok to obtain admission to the Mem- Conta, Sweaters, Jumpers, Shawls. bors' Enclosure.

Scarves Socks and all kinda of Each member has the right of Children's Woollios, introducing 2 non-members to the Latest styles in Fair Isle Mombera' Enclosure, tickets for

and plain and francy Jumpes. whomoan bo obtained from Messrs. Linstond & Davis at $5.00 odoh day up to Friday October 9th. The Stowards invito tho So ladies of Hongkong to be present.

Orders taken for knitting in wool of silk.

WK, BESWICK; Supt. Telophone K 101,

THE HONGKONG TELEGRAPH,

LAMMERT'S AUCTIONS

PUBLIC AUCTION.

The Undersigned have received Instructions to sell by Public Auction,

on THURSDAY,

the 15th October commencing at 2.30 p.m.

nt their Sales Room, Duddell Street.

"A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE;"> comprising:

Chesterfield Couch and Chairs, Book Cases, Glass Cabinet, Silver Cabinet, Teak Desks with Brass Ralling. Filing Cabinet, Teak and Leather Covered Revolving Chair Tenk Chairs, Teak Show Cases, Card Table, Pictures, Oil Paint ings Brass Ornaments, Curios, Bronze Ware. New Carpets, etc.,

te.,

Teak Dining Table, Teak Chairs, Teak Sideboard with Bevelled Mir- ror, Teak Dinner Waggon, Dinner Service, E. P. Ware, "Glass Ware Cutlery, Milk Boilers, Teak Icel Cheat. Tea Sets, etc., etc.,

CHURCH NOTICE.

SATURDAY, OCTOBER 10, 1925.

THE AUCTIONEERING &

COMPANY MERGER.

St. Andrew's Church Nathan Rd., BROKERING Co., Ltd. HONGKONG TUGS AND CHINA

Kowloon, 8.15 am Holy Com unton. 11a.m. Morning Prayer During the service there will by a special Dedication of Suo- Pre- day School Teachers. scher, The Lord Fishop. 25 pm. Sunday School: 3 p.m

Fb. Duddell Street FURNITURE AUCTIONS

every

·TUESDAY, & FRIDAY, At 2:30 p.m.

Bible Classes. 6p.m. Evening By Order of the Supreme Court Prayer and Sermon.

A. S. WATSON & Co,

NOTICE.

Ltd.

On Monday, 12th. Optobor, 1925, all departments will be CLOSED,

The Hongkong Dispensary, Dia- pensing Department, will be open for dispensing proscriptions fröit 10 am to 1 pan, and from 6 pm.. to 7.30 p.m.

A. S. Watson & Co., Ltd. Hongkong, 10th October, 1925.

NOTICE.

PROVIDENT.

[To the Editor; Honykont

Telegraph.

Sir-There will be a meeting of The shareholders of the China Provident: Loan and Mortgage Co., Ltd., on

are now under review would be therefore exceed- ingly conservative to ea timate the holdings' of the Company at 50% above cost. price after taking Into con sideration the great improve? ments made and the mo Sportant developments which the company has given to all all their holdings. Earning Capacity of the Two Companies, A The Tuz and Lighter has up to the 10th instant to confirm the pro- the 31st March, 1925 made a loss posed amalgamation of the above of $22.716.88, This does not speak: two companies,

very favourably for them. To this We agree that the amalgamation the following causes may be attrí- is mutually advantageous, to the outed: parties concerned beenuse the Hongkong Tug and Lighter Com- pany Ltd. needs the support of the China Provident Loan and Mart- gage Company Limited in order to make it a success whereas the latter Towing to the Increased volume of WEDNESDAY. the 14th day of business the company is handling

of Hongkong. PUBLIC AUCTION.

of the -STEAMSHIP-"'ANJOU,” Now lying at Shamshuipe in the

Harbour of Hongkong".

by

The Auctioneering and Brokering Co., Ltd., at their salesroom, No. 4B Duddell Street.

on

October, 1925,

·át

o'clock. p.m. For orders to view, apply to the Auctioneering and Brokering Company, Limited. For further Particulars and

ditions of Sale,

Messis, WOO and NASII,

Solleftors, Nos. 4 & 6 Queen's Road,

Central,

Teak and Iron Single and Double THE DAIRY FARM, ICE & COLD Apply to:- Bedsteads with Spring

Mat-

STORAGE CO., LIMITED,

Notice to Shareholders.

tresses and Mattresses, Teak Chest | of Drawers, Teak Dressing Table with Bevelled Mirror, Teak Single and Double Wardrobes with Bevel THE TWENTY-NINTH ORDIN- led Misrors, Teak Medicine Chest. ARY ANNUAL MEETING of Teak Stand, Toilet Sets, Counter-Shareholders in the above Company panes, Bed Spreads, Pillow Cases,will be held at the Compáry's Town Office, 2, Lower Albert Road, Chair Covers, Pillow's, etc, etc.,, and

Hongkong, on SATURDAY, 24th October, 1925, at noon, for the purpose of presenting the Report of the Directors and Statement of Accounts to 31st July, 1925.

THE TRANSFER BOOKS of the Company will be CLOSED from the Twin Barrelled Shot Gun in 15th to the 34th October, 1925, Case,

both days inclusive,

A Selection of Canton Blackwood Ware and

4 Austrian Iron Safes,

1 Coftage Piano by John Robin-

son & Sons, London,

5 Enamelled Baths,

1 Shanghai Bath,

3 Perambulators,

1 No. 2. Gecophone Crystal Set

(Practically New)

1 "Commerce" Crytal Set and.

1 Pair Phones,

2 Pairs Headphones,

2 Typewriters,

| Catalogues will be sayed

On View from Wilnesday, the 14th.

October, 1925. Terms: Cash on Delivery

LAMMERT BROS..

Auctioneers. Hongkong October 10, 1925.

MASSAGE

Mr. N. AKAJİ.

Mrs. E. ARAJU, Graduate of Tokyo Marage Behotl No. 23, WYNDHAM STREET,

HONGKONO. TEL. C.4695

HENRY

By Order,

M. MANUK,

Secretary.

Hongkong, October 8, 1925.

ནཱ「,

(1) The local Godown Com- pantes, and many other big local. concerns have their own lighters and tugs. (2) The very keen competition of native junks,, hand 13) The Chinese merchants have

not been aducated to the use of such lighters as those which are constructed by the Tug Company. The majority of them have yearly con- tracts with owners of native junks.

needs at present the service of a fleet of Lighters which are provided by, the former. The interests of the twain now. therefore become interdependent and it is only natural that the amalgamation is Con-proposed, which we hope shall be

It may be safely said that what- effected.

ever profite the Tug and Lighter But the terms of the amalgama Company Limited, may have made tion as set forth in the circular since their last report are due to lesued by the General Managers the support given them by the of The China Provident Loan and China Providents during thes Mortgage Company Limited on the abitormal period of the strike when 14th day of September, 1925, are lighterage was exceptionally high. not fair and equitable to the China The Provident Company can dowell The Auctioneering & Brokering Provident. We want no advantages without the Tags, but the latter and certainly no disadvantage. cannot do well without the support Particularly, Wo feel that the of the Providents. China

or to:-

L

Co., Ltd. No. 4B Duddell Street. Dated the 30th September, 1925.

The Undersigned have received instructions from the Registrar Supreme Court to sell by Public Auction in lots the furnitures of W. G. Humphreys & Co.,

لوس

on TUESDAY.

the 13th October 1926 at 10.45 a.m. at 67-69 A Des Voeux Road Centrali first Boor.' Consisting of:

Electric lights. Glass cases. Tenk stands. Teak shelves, Teak

tables, Tenk chairs. Teak round

Provident of which we Regarding the China Providents, are, shareholders should in no way the earnings: have ever been on a

rise since its existence. It is The proposals in respect of the prosperous and growing concern. be undermined,

Moreover the business of the com- amalgamation are:

(1) That The China Provident any is as every one knows, excup- Loan and Mortgage shall tionally good this year. The earn- allot three of the $10.00 Ings of the Tugs cannot therefore the Providents. shures of the Company in compare with respect of five of the $6.00 Surely they cannot be placed on paid up Shares of the Tug the same footing. and Lighters.

Goodwill,

(2) That the shares thus allotted The Hongkong Tug and Lighter shall rank for Dividend and Company Limited is only a year Bonus from the first day of fold and they have to do a lot bo- January 1925, not 1926," fore they gain "the, oodwill of the These amount to valuing the Public. But the China Provident Mortgage Company

Lammert Bros. tables, Ends vitairs, Wooden Lighter Company Limited at par Limited is approaching its 29 years

PUBLIC, AUCTION. The Undersigned have received instructions to sell by Public Auc- tion on. Friday, the 1th Netober, 1925 commencing at 5.15 p.m.

at their Sales Room, Duddell, Street,

A VALUABLE COLLECTION OF POSTAGE STAMPS.

(Full Particulars from Catalogue

On View from Thursday, the 15th, October 1925. TermsCash on Delivery.

LAMMERT BROS.,

Auctioneers.

HENRY HEATH

ONE MUNURKU VLÄRE OF HAT, MAKİNE

HATS.

Loan

Bed boards with stools, Rat-share of the Hongkong Tug and Loan and case with stands, Vienna chairs, with that of the Caina Provident of existence. The business that and Mortgage Company they have, has been bullt up by the Teak stands, Long tables. Copying Limited from the first January 1925. efforts and many press with stand. Drawing table. In order that shareholders may labour of the management and the Cupboard with mirror, Clothing form an opinion as to the equitable-staff, and the position that they stand, Long mirror,

aleo

A large quantity of desks, and Office chairs,

also

7 Typewriters (various kinds) and High class Safes. Terms: Cash on delivery.

Auctioneering & Brokering

Co., Ltd.

L.E. S. HODGE,

Auctioneer.

Hongkong October 8, 1925.

Darability and Style are the outstanding qualities of the Henry Heath Hats we are now showing-qualities which are the result of skill and art in manufacture combined with care in the choice of the raw materials, backed up by the experience" of "Over a hu idred years of Hat-making."

There are colours and shapes to suit all types of physical features and special care has been taken in the selection of our stook of the fashions ble SNAP-BIM HATS.

Mackintosh

& Co. LTD.

"MEN'S WEAR

SPECIALISTS,

xandra Ba Hong Kong Das our Road

years of hartl

ness of the terms let us refer to the now attain has been the result of latest Balance Sheets of the two the foresight of the Directors and companies in respect of the follow- the General Managers and the ing points.

goodwill of the customers which- (a) The financial standing of the they have secured during the last

two companies.

29 years. Surely in the matter of (b) The earning capacity of the Goodwill the Tug Company is no

two companies.

equal to the Providents. Looking (e) The goodwill of the two com- from the above angles and con-

panies.

1.

sldering the reserve which the The Financial Standing of the two Provident Co. has accumulated the

Companies.

appréciation in the value of thei The balance sheet of the Tug and assets, the ecod business they are Lighter of 31st March, 1925, shows: doing, the goodwill which they (1) That they made a Loss have gained and the prestige and amounting to $22,746.88. business standing of the Col which (2) That they had no reserve. we can be proud of, we do not see (3) That no depreciation was why we should amalgamate with

written off in respect of the the Tug and Lighter on the inequit 23 Lighters and 2 Steam able terms as proposed In the tugs, the Sundry Equipments circular. We cannot see why we and office furniture.

should undermine ourselves by The Balance Sheet of the China ranking, our shares at par with the Provident Loan and Mortgage Com-Tugs, and sharing the profits of pany Limited at Sist December, the Company equally with them, 1924 shows:

from the 1st January, 1925 when up (1) That the

of the to the 31st March, 1925 thay loat company now stands at the sum of over $22,000.00. The $200,000.00,

reasons given for accepting the terms appear to be the following!

(1) The China Provident needs

Reserve

(2) That depreciation has been

fully provided for (3) That the Company on the 81st December, 1924 owned property to the value of $3,884,000.00 which is being used practically to its fullest extent. It should be noted that the property mentioned comprises the following. (1) Blocke of Main Godowns at West Point which as far as can be traced from the Balance Sheets available have been owned by the company since 1009. The cost price thereof is only $449,580,00. There were a few other blocks of Godowns at West Point probably not so well situated which were bought by the company for $412,455.80 at apparently nearly the same time and which were sold in 1921 n't a profit of $276,758.75. The remaining Blocks of godowns In question at West Point now owned by the Co. should have up to now at least up- precisted a 100% or more with the Improvements and developments made thereon. (2): Property known as MAL.282, S. A. M. 180 and pier, Mi Lot 181 and 182. R. P. M. Lots 177, 178 Section A. M. L. 170 which wore bought by the company in 1922. In the same year, the company bought a piece of property in Konnedy Town known as 5. A. LL 905 for 2275,818.00, which was sold in the year 1924 at në profit of $246,792.90 an appreciation in value of nearly 100%; It should be borne in mind. that the Kennedy Town pro-

a fleet of lighters badly: But why should we accept such inéquitable terms? Can't we charter them from the Tug Co? If not, can't we bire them from some other com- panies, or use junks in the meantime until we build a fleet ourselves to compete with them?

(2) The second reason givan is that if the China Provident is to build the same fleet of tug and lighters they will have to pay much more. But that is only problematical. It can be said that if the Tug: and Lighter Company were to sell their tugs and lighters now they would not fetch half the price they are ask- ing. One thing that cannot be understood is why we should put an appreciative value on the tugs and ligh- ters, and nothing on our holdings of property, which are much the sounder. We are of opinion therefore that the terms for the proposed: smalzamation should be reconsidered on a busla fair both to the China Provident? Loan and Mortgage Co., Ltd. and the Tug and Lighters by a committed or the auditors who will have to go thoroughly into the actual worth of the two companies. It appears that a proportion of two Frazidents to five Tags with the provision that the new shares shall partici pate in the profits of the company only from the lat January, 1926 Is Juozerezte able.Yours NT MARKERIN