1925-12-21 — Page 9

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COMPANY MEETING.

OHINA LIGHT AND POWER

CO., LTD.

The seventh annual general meeting of the China Light and

THE HONGKONG TELEGRAPH, MONDAY, DECEMBER 21, 1925.

Substation (Switchgear), $20,700; Kau Pul Shek Sub-station (Build- ing), $58,700; Kuu Pui Shek Sub- station (Switchgear), $18,980; Kow- loon Tong Sub-station (Building- part only), $18,000; Underground Mains for linking up Sub-stations, $63,000.

Power Co. Lid, was held at the shows a lows of $0,097 on tending. The working of the show 'com Board Room of Messrs. Shewan. but it was not expected to make a Tomes und Company this morning, proft, its object being propaganda. Mr, R. G. Shewan being in the work and advertisement, so we will not come to a nal decision as to chair. There were also present shutting down until we get back Messrs. A, H. Corapton, C. A, daj lo nere normal conditions, Roza and A. H. White (Consulting You will notice that we recom- „Committee), 3. A. Douaithorne mend an extra bonus to those of (Works Manager), E. S. Hartmanf the staff who rendered geoman representing Messrs. Lowe, Bing- service during the strike and gave kum and Matthews, Anditors), invaluable assistance in maintain- Noel Braga Secretary). A. 1.ing the continuous running of the Shields, I. W. Shewan, R. Farrnat. station. Car Superintendent, Mr. Allur Keith, D. W. Monton, P. J.] Donnithorne, “speaks vers highly Tavares, B. W. Bradbury, J. Toppin, of the loyal service of his staff on F. M. Ellis. The Tsan-tai, Tung this evasion.

Hang-ka, A. A. Botelho, Tony Hok- ting, Capt. R. D. Thomas and Capt.

B. Riggs (Shareholders)}.

The

There is only one more item, but

I must reler to it, as it is an ultra wires" payment made in error. The dividend for the year ended 30th CHAIRMAN'S SPERH."

Suplimber, 1924, paid on the Old Chairman 'said: -- Gentle-¦ Shares was 75 cents per share, and men, The report and accounts | ennsequently the dividend payable have been in your hands for more on each Now Shure was *2 than the prescribed period, so with crals; and the dividend payable on your permission we will take them each of the shares allotted after as real. The result of the year's Hih March. 1924, was of course working-$521,€26–18 $18,743.97s than 8,2 cents. Consequently more than that of the previous | The Company actually paid out as twelve months, which, under the dividends a small sum Opproxi- abnormal vircumstances which are mately $1,2001 which constituted now prevailing in the Colony, musi an ultra vires" payment. be considered quite satisfactory. I regret that, owing to the acar- The net antant available for dis-city of available funds, we cannot tribution is 3116,293,59, which we pay the same dividend as last year. recommend be appropriated as fol- but I hope it may be possible to. lows: To place to Repairs & declare an interim dividend next Renewals Atepunt, $70,000; Tyear against the carry forward pay a Bonus to Staff of 10 per cent.. from this year.. Had it not been $8,866; To pay an extra Bonus for for the present troubles, our call overtime daring the strike, $1,450: due on 1st October would have been To write uif value of Crown Leases, collected and we should have been $10,000; To pay a Dividend of 7% in funds, but this call had to be per cent., or 37% cents per share postponed from time to time till on 400,000 Old Shares, $150,000; To pay a Dividend of 7% per cent.. or 114 cents per share on 199,943 New Shares and 8.8 cents per share on 57 New Shares, $22,798.62; and carry forward, $153.179.07.

Since the report was issued, we have discovered an error of $1.48 which reduces the amount of dixi

I now propose that the report den to be paid on New Shares to and accounts as presented be pass 422,798.52 and increases the cared, and, the profits for the year be. tributed a follows. When this

forward to $158.179.07.

LOTOL

KILLS

NOXIOUS INSECTS

and DISEASE GERMS.

\

FLIES BRING TYPHOID, and

DYSENTERY.

MOSQUITOES convey MALARIA

COCKROACHES

cause

CANCER

GO THROUGH THE HOUSE

THOROUGHLY.

SPRAY

LOTOL

FREELY.

OF ALL CHEMISTS & STORES.

SOLE AGENTS:

رم

A. S. WATSON & CO.. LIMITED.

E. HING

&

CO.

SHIPBUILDING MATERIALS SHIP, CHANDLERS

HARDWARE MERCHANTS.

4th January. 1926, and even now PHONE, CENTRAL No. 1116. WING WOO ST.

But al

we cannot say if it wil be advisable to' muke this call then. though we have to redare th dividend, gr business is very sound, and the prospects, from the figures I have given you, excellent.

seen)

You will notier that we presse has been seconded. I shall be pleag! | to write off a imp sum of $19.000ed to answer any questions from, from the value of Crown Lauses, sharch felers.

We do n, as

our Auditors are f This was seempled by Mr. A. the opinion that this asert should

White

be treated in the Company's ar- Ladoptedi.

counts as a wasting asset, regard-

hows of the present surable value

of the land, and that the ens

the same should be written off as

ne unanimously

RAISENESS MATTERS,

The Chairman: The next bust- ness is the election of a Cousall-

TEL. 25, Central.

ELECTRO--PLATING.

OVER TWENTY YEARS EXPERIENCE in the Electro- deposition of Metals in Hongkong places us in a position to offer reliable and efficient service for the plating of articles in Gold, Silver, Nickel and Copper.

Artistic finishes in Bronze, Antique Coppor, and Oxydized Silver.

Polished and Lacquered Braseware.

William C. Jack & Co., Ltd.

Electrical Engineers,

Tel Central 358.

a charge against the profits of being Committee. In previous rears, By Special arrangemert with the

Company, over the period of the leases.

During the last three months of our financial rear, which ends on 30th September, our revenit, owing

the Consulting Committee's fee bar Committee of the Royal Hong- been $2,509, but this is incommen carte with the growing insiness ng Gol Club, wo have been n of the Company, and we therefore abled to publish an excellent recommend that it should now be book) of views of to the exodus of customers to Can- increased to $6,000. This amount ton, full off to the extent of about has been incorporated in the a 53 per cent., and although the ligamente now presented. but is, ut ing load is gradually condug bark course, subject to confirmation by Lo normal, we cannot as yet say the this meeting. sume of the power had supplied to Chinese facturies and work. shops.

During the year, extensions to buildings on our generating station site, the creation of two Bats and

The re-election of The Hon. Sar Paul Chater, Messrs, A. 11. Comp- ton, A. H. White, C. A. da Roza. and Lee Hynn, with an increase

HONGKONG'S GOLF COURSES

Call and inspect theso at the MEE CHEUNG ESTABLISHMENTS

fee to $6,000 was proposed by Studio:-Ice House Street 1st.

stores at Yaumati Subestation, and Mr. The Tsan-ta) and unanimously 2nd. Branch: Main Corridor of foundation work for the new Subj station at Sam Shui Po have been passed.

Capt. R. 1). Thomas. seconded by Branch: Beaconsfield Arcade

carried out.. The Sub-station sites | The Chairman:--The next busi- we purchased last year are not yet ness is the election of auditors, developed, but work will shortly be | As the work of the auditors has ind ut in hand on two of the sites, viz., Į creased very consideraby with the

Honghong Hotel.

Official Photographers to the "Hongkong Telegraph "-

58 Nathan Road, Kowloon

"Under English Management

Kau Pai Shek and Kowloon Tong growth of the business, we reum The Empress Store which districts are growing rapidly, mend that the fee for the past year As wad expected, we have been should be increased accordingly, alled upon to further extend our Mr. R. Farrant proposed and Mr. Indergrond mains to meet the E. J. Tavares seconded that Messrs. ver increasing loud on our dis- Lowe, Bingham and Matthews and ribution system, and we shall he Messra. Linstead and Davis be re- alled upon during the next twelve elected auditors, that their fee be Orders for Wines. Liquors, onths to meet further expenditure increased to $750 each and that n underground mains, as exten- the same fee be paid for the past ions are required to meet the de- year.

and in the outlying districts and

This was carried.

The Chairman:--Dividend war-

he linking up of Sub-stations to rants are now ready, and can be

had on application.

rm a ring system of mains.

In spite of the difficulties we have

ad to contend with this year, the| umber of our customers has grown om 7,805 Inst year to 8,924 on Oth September last, and units enerated from 10,878,241 2,011,462.

to

As regards further capital ex-t enditure, we have appiled to the overnment for the purchase of ditional land on the east side of ir station for extension of build- gs, and we estimate that on this

FRANCO-GERMAN RELATIONS.

DISCUSSIONS PROCEEDING

SMOOTHLY.

Paris, Dec. 18, The Commercial delegations re- ad underground mining and the presenting France and Germany ree Sub-stations already mention.thet yesterday, and indicated the

I we shall have to spend about points of difference indicated in the 20,000 during the present finan-written proposals formulated provi- al year made up as follows:ously. Solutions for a compromise. roposed Extension to Works were outlined.

and), 30,480; Proposed Exton-

Dec. 19.

Alto Works (Reclamation). The Franco-German commercial 8000 Shui Pe Sub-station negotiations are proceeding in a

Lavonblastmasalazar

Provisions, Fresh

Vegetables, etc.

Fruit

And

com-

Promptly erecutod at setitive prices. AUCTIONEERING & BROKERING CO., LTD.

Propriatars.

Mrs. SEKAI MASSAGE

To'. No. C. 4483, 2nd. Foer. $ 2. uddell, Sirost, Hongkong

MASSAGE HALL |

23 WYNDHAM STREET MRS H. MORITA.

TUL BOW PRIMCH RUUME USINYA,

THERAPION NO. THERAPION NË THERAPIONNE

• 86. 1 Eve Bladder OStarTh. 040 IM

Hongkong.

CHINESE OPTICAL CO.

Refracting and Manufacturing

Crookes Glasses

Kryptok (Invisible)

Bifocals.

Toric Lenses.

Sun Glasses.

HONGKONG AND SHANGHAI BANKING CORPORATION.

HEAD OFFICE: HONGEONG.

Authorised Capital

Issued and Fully Paid-up.

Reserve Fund

Sterling -

Silver --

-$60.000 000 $20,000,000

BANKS.

INTERNATIONAL BANKING CORPORATION.

(Owaad by the National City Bank of Now York).

€1,500,000 | Capital & Horpla■ ....................U.§. $14,000,000

325 500.000

Hesarvy Liability of Proprietors

$20,000,00

COURT OF DIRECTORS;

G. M, Young, Esq. Chairman

READ OFFICE:

60, Wall Scout, New York.

H. P. White, Feq.” Deputy Chairman Barahona D.M. Bernard, Esq Hon. Mr. A.O. Lang. Barcelons W. H, Ball, Esq. W. L. Pattendon. Esq Batavia A.H. Comptou, Esq. J.A. Plummer, Esq | Bombay Hen.Mr.P.H.Holyouk T. O. Weall, Esq. Oxlcutta

Cauton

Chief Manager

A. H. Barlow, Esq.

Cabu

Colon

Dairon

Hankow

Harbin

Manager: Shanghai-0. H. Stitt, Esq. LONDON BANKERS: WESTMINSTER BANK LTD. Hongkong CURRENT ACOCUNTS open-Kobe od in LOCAL CURRENCY and La Vegs FIXED DEPOSITS received for Madis Madrid one year or shorter periods in Local Currency and Sterling on torms which will be quoted on application.

Hongkong, 21st Feb., 1924.

HONGKONG SAVINGS BANK

The Business of the above Blank conducted by the HONGKONG AND BHANGRAY BANKING CORPURA TION. Rules may be obtained on Application.

INTEREST on Deposits in calculated or the lowest balanoo doring each com pleted Calendar Meath at 3 per cent pa annum. Should there be no balance on any day in a month no isipronk will be allowed for that month.

Depositors may transfer at their option Balance of $100 ar more to the HONO KONG AND SHANGHAI BANK to be places on FIXED DEPOSIT at OUR RENT RATES.

For the Hongkong and Bhanghai Bank ing Corporation.

A. H. BARLOW,

Chief Manages. Hongkong. 7th. January 1925.

THE BANK OF CANTON LTD. Head Office Hongkong.

Authorised Capital....... Paid Up Capital............

Silver Reserve Fund

.$1,200,000 .......£1,091,875 700,000

LONDON OFFICE:

35' Bishop■gute, E.C. BRANCHES :

Qooks.

Panama Poklag

Puerto Plata

Rangoon

San Francisco, Dai.

San Francisco de Macaris San Pedro de Macaris Sanchez

Santiago do los Caballero

Santo Domingo Shangha

Singapore

Tientsin

Tokiu Yokohama

THE P. & 0. BANKING CORPORATION, LTD.

[Incorporated in England 1920) With wouch is allested THE ALLAHABAD BANK, LTD. INDIA.

Authorised Capital...... Subscribed and Paid-up. £2,504 150 *******£5,000,000 Reserve Fund 160,00 HEAD OFFICE:

122, Leadenbait London E.0. WEST LONDON BRANCH: 14-16, Cachapur Street, London BW.I.. EASTERN BRANCHES ; Bombay, Calcutta, Karachi, Madre, Colombo, Sington, Hongkong. Canton and Shanghai,

The Corporation undertake General Banking and Exchange Business of overy. description and is addition to its Branchion has Agencies in all the principal cities of the world.

L E. HOPKINS, Manager.

22, Des Vivx Road Coutral, Hongkong.

ORIENTAL COMMERCIAL BANE, LTD.

HEAD

OFFICE:

Commercial and Travellers Letters of Credit, Bills of Exchange and Cable Transfers bought and old. Current accounts and Savings Bank accounts opened and Fixed Deposite in local and 60 Des Voeux Road Contral, Hongkong. Foreign curranties taken at rates that may be ascertained on application to the Bank. We are also able to offer our Customers the services of Branches of the Nationa City Bank of Now York in the principal. countries of South America and in the. West Indies.

G. 1000,

Manager.

9 Queen's Roal Central, Hongkong.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

..£3,000,000 --.....£4,000,000

(Incorporated by Royal Chorior 3863.)

Paid-up Capita)........ Reserve Fund Rotervo Liability of Proprietors£3,000,000 Foreign Bxchange and General Banking business transacted,

Current Accounta epaned and Fixad Deposito recolved for 1 year or abortar periods at rates which will be quoted on spplication.

4. R. FERGUSON, Manager.

BANQUE DE L'INDO-CHINE

HEAD OFFICE : 36. Boulsrard Haussmann, Paris.

Fra: 72,000,000.00

Foreign Exchange & General Banking Subscribed Capital

business transacted.

Interext allowed on

CURRENT ACCOUNTS

2% per annum on daily credit balancer

of over $100.00

SAVINGS

1

4% per canum DEPOSITS

for 12 month % per annum

6

on Demand

BRANCHES :

2% per annum

Canton, Rwatoń, Shanghai. Flankow, Bangkok, New York and San Francisco.

LONDON BANKERS-The Lloyds Bank Ltd.

LOOK POONG SHAN, Chief Manager.

TFF FANK CF (BINA.

Pondicherry Saigon

BRANCHES BANGKOK-

SHANGHAL

Oorrespondents: London: West- rolaster Bank, Ltd; New York: National City Bank; Ban Franciscoe Valon Trust Co. of Ban Franci Centon Park. Authorised Capital .....

.85 000 000 Paid Up Capital...

D1 509,000 Modern banking in all its branches Current accounts savings acconats and fixed deposits solicited. Loans granted en approved sacrity,

Overseas barring a speciality INTEREST Our ans aunounts 2 par cent savings per cart, Fized Deposita, 3 months 4 per cent, 6 months 4 por cont, one year & por oral,

Safe Deposit Boxes for Rent, Our Faults safeguarded by ime clooks and double combinations. Armar plate stool doors,

J. Y. LUM,

Manager,

THE HO HONG BANK, LTD. (Established 1917.).

CAPITAL:

Authorized Capital

..$20,000,00

Issued Paid-up

8,000,000 4,000,000

4,000,000 825,000

Recerve llabilities of

Shareholders

HEAD OFFICE-SINGAPORE: Branches, Agencies and Correspondaute in the prinsipal cities of the world.

Every description of Banking and Exchange business transacted.

Paid Capital........ Reserve Fund

31 60,400,000.00 Surping Fra. 68,667,283.54

Bankol

BRANCHES

Handi-

Battambang Hong Sang

Canton Djibouti

Kengtee

Shanghai

Noumen

Singapura

Partbayard

Papeets

Tientsin

Haiphong Hankow

Peking

Tourade

Pnom Penh.

Younanicu

BANKERS:

d'Escompte de

*Paris;

Pays-Bay! Cradit Industrial

In FRANCE: Complair National

HL. HUANG

Mapayor.

THE YOKOHAMA SPECIE BANK LTD.

Establishod 1830

Credit Capital (fully paid ap). Y. 100,000,000

Lyonnais; Banque de Paris et des Reserve fund Y. 83,500,000

Commercial; Bocisto General.

HEADOFFICE YOKOHAMA.

In LONDON:-The National Pro

vincia, and Union Bank of England. Batavia Ltd Comptoir National d'Escompte do Paris, Credit Lyonnale.

Bombay

Branches and Agencies at

Kobo London Боставаук

Buenos Apres Lyons Calcutta

In NEW YORK :-J. P. Murgah & Cor Interest allowed on Current Accounts Canton and Fixed Deposits according to arrange

18pecially sathorized by Presidential | Dept. Mandate of the Republic of China on the 22nd of November, 1917.)

Authorized Capital., Paid-up Capital Reserve Funds

Remarang

Rangoon

Los Angeles San Francisco. Manila

Seattle

Nagunaki Shanghai

Bingapore Bydney

Newchwang Shimonerok Craya New York Tientsin,

Changchun

Dairen

Nagoya

Every description of banking and exchange businees transacted.

(Dainy)

Fongtien

A. LEOUT,

Manager.

Mukden

Hamburg

.$60,000,000.00 $18,278,600,00 |

Hankow Honolulu

Rio do

ASIA Harbin

$ 9,679,475.24 HEAD OFFICE PEKING. HONGKONG BRANCHES :

4, Queen's Road Central, Branches and Sub-branches all over China and correspondents in Europe, America and other parts of the World.

LONDON BANKERS -The National Provincial and aion Bank of England

Lid.

The Quaranty Trust Company of New

67, Queen's Road, Central. York.

GREEN, ISLAND CEMENT

CO., LTD.

PORTLAND CEMENT

In Corks of 375 lbs, net.

In Bags of 250 lbs, net.

SHEWAN, TOMES & CO General Manager ». Gongkong.

METALS

at all kinde cespecially for *hip-building and engineer- 18g work; Complete stock. Bost, Terms. Iminediate delivery,

SINGON & CO...

[ESTABLISHED A.D. 1880) HING LUNG ST. Phone

→ Central 818

Mrs. J. CRAWFORD.

NEW YORK BRANCHES :-The Irving National Hanka. The Equitable Trust Company of New York.

Interest allowed on Current Accounts and Fixed Deposits. Torms on applica.

tion.

Every deccription of Banking business

transvicted.

Loans granted on approved securities. Special facilition for Home Exchange, Tau Yer PEI, Manager.

司公理管業實法中 BANQUE FRANCO-COINOISE pour le

Commerce et L'Industrio

(Incorporated in Franco).

£, Chater Road, Victoria, Hongkong.

HEAD OFFICE:

74. Ilus St. Lazare, Paris.

Capitai

Fra 20,000,000. Reiervos

----Fra,:1 160.000. Special Working Capital Frx50,000.000.

BRANCHES

Paris, Lyons, Marseiller

Eaigon, Huipleig. Hane

Peking, Shanghai, Tientsin

Canton, Hongkong

BANKERS.

Nationale de Credif

THE BANK OF EAST

LIMITED.

HEAD OFFICE-HONGKONG.

Authorised Capital Paid-up Capital Reserve Fund-

- 8:0,000,000

5,000,000 1,000,000-

DIRECTORS

Hon. Mr. Chow Shou Bon-Chairman Fung Ping Shan

LI Koca Chu

P.K. Kwok

Ng Ching Luk Pong Wal Ting

Mok Ching Kong

Wong Yun Tong

Huyuk Tai

Kan Yan Po Chan Ching Shek

Every description of Banking and

Exchange business transacted-Loans granted on approved securities,

SAFE DEPOSIT BOXES ta loi,

KAN ITONG PO Chief Mansgor.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ.

(Netherlands Trading Society), BANK,

Established 1624.

Bongkong Branch established 1006

Authorized Capilal til 150,000,00 (012,600,000;

Paid-up Capital Galidor, Resorvo Fund Builders

Apeeral Reserves Guilders

י,

80.000,000

Peking

Tokyo

Tainanta.

Teingloo

Ко Уред

Karachi Vladivonicek... Baigon.

Intet allowed on Current Accounts. Ropesits received for Axed periods at- alds to be obtained on application.

Mr. O. ARIMA, Manager. Hougkong, March 11th 1920.

T. NAKAO Japanese Shoo Export. TORTOISE SHELL BOXES ad CASES A SPECIALITY

Astor House Hotel Building, Queen's Road Central,

( 6,666,570) POR ATTENTION OP MASTERS 20.636.8610F NORTH-BOUND STEAMERS.

(£1,711405-

22,660.000

HEAD OFFICE—AMSTEUDAM,

(1.809,23018, during the North-East

Monsoon there in always Eastern HEAD OFFICE-BATAVIA; Dossiblity of North-bound steam

BRANCHES :-

Bandjarmasin Kota-Radja Bollardam.

Bandoeng

Bombay

Calcutta

Cherihon

Djember

Blacosear Samaraug Moda Shanghai Padang Singapore Palembang Bocrabnin Pocalongan Boerakarta,80-

·Tegal® do Kahe Postanak Tilatja d

FRANCE :--Sociel feneral Banque Djokjakarta Penkng

Pari-et den Paya Bas.

Banque

LONDON ---MINEe Bank Ltda song The Hague. Bangoon Walleyreden NEWYORK-Irrisg Bank, Columbia Bank, LAd

Landon Baskers-National ProviRKİNİ

TEAM CO.

Every" plescription of Banking and

We are

Correspondeate all over the world... BANKING BUSINESS OF EVERY DESCRIPTION

ere running short OF BUNKER GAL, this is to inform you that TAIT & CO., AMOY, (a well- ppreciad port with good anchor- age have stooks of GOOD JAPANESE BUNKER COAL AT REASONABLE PRICES.

Wireless messages via Hong- kong, er Formons are re-trans- rmitted by the Great Northern

TAIT of "COALBUNKER" Telauraph Co. and wire to