1930-04-05 — Page 7

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NESTLE'S

MILK

CHOCOLATE

NESTLÉ's

"Nestle's!" says Jane,

And (ain't it odd?) Her wink's as plain As any nod.

NESTLE'S CROQUETTES

Dainty delicious rounds of wrapped smooth Milk Chocolate.

SAFE-CABINET & VICTOR FIREPROOF SAFES.

LARGE RANGE OF MODELS IN STOCK FROM $185 UPWARDS.

CALL OR TEL. C. 1030

DODWELL & Co., Ltd.

A BROKEN DOWN.BYSTEM.

Thia lan osadí don for disessa) to which dabthre gly many camm, but which faw of them paully

brand. Ittanlega

ly weaknose-abreakdown KEN JA Waco, of siku vital forces that sustain the sys com. 20mation what may be.íia ca tipas (they are alostne numberless), ktx aymptoms are much the same; the more prominent being siseplansnasa, sense of prostration or wescinasa, depression sl

pirit and want of exergy for all the ordinary" Rixten aika. Now, whatalooniakaslatelyorzeni.. tall in all sock onass is increased viizkitymmigour, viɛal strength and energy to throw off lansa morbid sedlaga, andas night suncsoda tha day This tray bọ more enctainly secured by a cDITSE Of THE NEW FRENCH AÉMIDY,

THERAPION NO.3

them by sey other kan wn combination, Sosurely pa bi la talia ly donordance with the direptions so- companyingti, wälidhesharteredbealikbe restored THE EXPIRING LAMP OF LIFE LIGHTED UP AFRESH, and agewartemcolnspartod in place of what bad solutely saowend worn-out, used up, and valuelork, This wondaciji medicamentis suitable for allRIES comafatione od conditions, in either sex; and l da siiheni to Libagion a disease or deranjemani whose main fettuce is weakness, that will 201 be speedily and permanently overcome by this KHoupaca/{PROnserice,which fedantined to castiņla oblivion everything that had precade 11 for thin wide-aprendiknumerotaalassofhumanal:mentL Bold by the Chasalate, orafther Ne, Voturo mat)from

QUEEN'S

TO-MORROW

Wissam Foxt pressate

ALL £ER MOVIETONE

COCK EYED WORLD

VICTOR M'LAGLEN EDMUND LOWE

LHY DAMTKA ··

Divided by RADULWALSTI

THE HONGKONG TELEGRAPH,

·1930.

HOTEL COMPANY'S BUSES.

(Continued from Page 1.)

Exchange Conversions,

SATURDAY,

fine

APRIL 5, 1930.

extension in prospect, and as the greater portion of Its revenue is in should henceforth be able to effect the nature of cash transactions, it further material reductions of its overdraft from time to time.

Seconder's Speech.

THE FANLING HUNT

STEEPLECHASES. -

GOOD ENTRIES FOR THE

APRIL MEETING.

The following are the entries for the Fanling Hunt and Race Club steeplechase meeting to be held at Kwanti on Sunday, April 13:

April Avoirdupois Stakes. 3.00 pm. 1 Mile. Winner $100; 2nd $50. For China

ina, ponies that have started this Season at Kwanti and have not won weights at 168 lbs.-Caviare, Diana, a steeplechase this Season. Catch Duke of Neiblung, Fanting Stag, Huntington, Lightning, Mongolian Stag, Movanagher, Sixty, Sunloch, Why Not

BOXING!

CITY HALL

Saturday, 12th April, 1930, at 9.15 p.m.

15 Rounds Heavyweight Championship of the Colony and Belt,

A. B. ROWLES v. MARINE SMITH H.M.S. Maraxion H.M.S. Hermes 10 Rounds Middleweight Contest MARINE FRASER v. A. B. LEB H.M.S. Tamar HMS. Sepoy 6 Rounds Middleweight Contest Marine Woolford v. A. B. Tuck H.M.S. Hermes H.M.S., Sepoy: 6 Rounda Welterweight Contest Pte. Jones v. A. B. Burrows Somerset L. I. H.M.S. Sirdar 6 Rounds Lightweight Contest A. B. Harvey v. O. S. Scott H.M.S. Stormcloud H.M.S. Hermes 6 Rounds. Bantamweight Contost A. B. Rawlings v. Pte. Pierce H.M.S. Herméa Somerset LI.

Rounds Featherweight Contest

A. B. Odell v. Cpl. Sherston H.M.S. Harinės Somerset LI.

Grand Military Steeplechase and Sassoon Cup, to remain the property Sassoon Cup. 1 Milos. For the of the winner for one year with re- $50.00; 3rd plica presented; 2nd

For China ponies the pro- $25.00.

of an Officer in H. M.'s Forces perty and/or a member of the Hongkong Volunteer Defence Corps. To be id den by an Officer of H. ML's Forces or a member of the Hongkong Volunteer

Weight for Dafence Corps. as per scale. Winners of one

steeple chase 7 lbs, penalty, of two steeple- chases 12 lbs. penalty, of three cr more steeplechases 14 lbs, penalty.--- City Hall (158 lbs.), Duke of Neiblung 6 (168). Harford (158), Huntington

cisco (158), Sucre (165),

inches

When, therefore, a cash offer for the purchase of the property was received towards the end of last year, your Board considered that its acceptance was, in the circum- curred on so many occasions during stances, proper. The receipt of the the recent "travelling season", that purchase price has had the effect of the balance sheet upon which the action of your Board in em of largely reducing the Company's feel comment is needed is that relat-barking upon the construction and indebtedness to the Bank and will ing to "Sundry Debtors Balance of complete equipment of this Purchase Price, Majestic Hotel establishment

effect considerable saving in interest has already-al-

charges, regarding which, I may Property, $2,790,000," as to which though the Hotel has only recently incidentally add that as the Com- I am pleased to inform you that completed Its first year of opera-pany has no large programme of funds in complete liquidation otion-met with exceedingly gratify this item were recived and lodged ing results. with the Company's bankers on the date fixed for the completion of son has shown that this Hotel is Experience during the past sea- the purchase, viz the 6th January, well established as the venue for all

local functions and festivities of im portance and already holds a premier position in the lists of In this connexion, I would draw travel bureaux and others respon. attention to the notification apsible for the mapping out of itiner- the adoption of the report and ac- Mr. G. C. Moxon, in seconding pended at the foot of the balance aries of travellers to the Orient. sheet indicating that Shanghai cur The presence of this, the most counts, proposed by the chairman, rencies are converted at the rate modern hotel in the Colony, is unsaid:fr. Chairman and Gentle of Tacls-at 72 and Dollars at par. doubtedly an added attraction to men. When I say that I rise with By way of explanation, I would the Port and

a factor of very pleasure to second the adoption of point out that the assets in Shang-material influence in the prolonga- the report and accounts now before hai are carried in the Company's tion of the visits of transients here this meeting, it is no empty books in Shanghai Dollars and that with the consequent benefit to other formula. For a variety of causes, our book rate in respect of our interests than its own in the Colony. over many of which our Board has had no control, this Company has Shanghai assets is converted at the

been in the wilderness for a matter rate of 72 vis-a-vise Taels-the average rate prevailing on trans-

of five years, and it must be a source I am pleased to say that the men of no little gratification to my fel- fers in Shanghai-which must not be confused with the cross rate be sure of support accorded to the low shareholders as it is to me Queen's Road motor bus service tween Taels and Hongkong dollars. during the past year has fully justi. personally to hear that, at length.

On this point I have also to state fed the optimism I expressed from we have been brought to a land, (155), Penbele, Peterkin, San Fran- that exchange fluctuations between the Chair last year in connexion milk and honey, at least affords us which, if not actually flowing with Hongkong and Shanghai do not af with the necessity for the inaugura- better fare than of late, and opens fect this Company, except at such tion of a de luxe bus service up brighter prospects than have times as remittances are made be through the central part of the city. been our lot for some few years tween the respective offices, on Evidence that such necessity exist- which occasions the differences ined, and that the expenditure. in-

When you consider that we now exchange transactions are debited volved in the provision of the fine

own six well-equipped Hotels, an or credited, as the circumstances

conducted and well require, to the Profit & Loss Ac-feet of vehicles your Company now excellently

towns was justified, can be obtain count for the particular years toed at any time from casual observa-that our indebtedness to our bankers patronised motorkus service, and which the transactions appertain. In this relation, you will observe tion of the buses in operation.

An increase in the number of has been reduced by some three that your Board have made provi-vehicles running on the "Univer.million dollars-coupled with the the "Borderers' Cup" to remain the sion for the future by creating anity" route was made as from the fact, as the Chairman has just in- "Exchange Fluctuation Account"

formed us, that there is every in- beginning of September last. This dication that such indebtedness will and, if you endorse the recom- increase coincided with the institube materially reduced out of earn- mendations before you in the mat- ier of the allocation of profits for tion of a 10 cent fare over thatings in the future-I think 1 may inches as per scale-As You Like It

of 20 cents. It will be gratifying route instead of the previous rate

bears excellent testi- to shareholders to know that the mony to the fact that the earning new system has been a success from. Powers of our undertaking are con- siderable, and, under more or less the revenue derived from that route able of material expansion. its inception, and has resulted in normal conditions, should be cap- becoming almost double that pre- viously obtained therefrom.

the year under review, an amount of $150,000 will be credited to an Account to be opened under that particular head, with a view making provision for any possible future loss on exchange operations.

Reduced Liabilities.

·

Bus Service.

Your Board has under considera-

past.

say that it

Asset to Colony.

As I said two

Turning to the liabilities side of tion the question of an augmenta- in effect, a public utility Company, the balance sheet, I would remark tion of the bus service to Repulse and I consider that, with the com in reference to the item "Loans Bay Beach at reduced rates, in thepletion of the Peninsula Hotel, we secured by Mortgage" that, al coming summer season, and the not only have an asset with great though only a comparatively small establishment of a bathing pavilion possibilities from a revenue pro- reduction of our liability under this at that resort, offering in the matter ducing viewpoint, but, furthermore, head has been effected since the of dressing rooms and the provision the Colony has also gained an asset previous accounting period, never- of refreshments, facilities to meet of which it should be justly proud. theless the Company's liabilities in-the growing demand for transporta- In spite of many gloomy predic- cluded under the item "Sundry tion and accommodation, at rates tions, this Hotel has proved a great Creditors" appear at the reduced within the scope of those with success and, if I were an Irishman, figure of $291,654.39 as compared | moderate means.

I might say that our white cle- phant has turned into a swan; and I am firmly convinced that, as years

with those of the previous year. It is interesting to note in con- Reduction of our indebtedness in nexion with our bus services that respect of the first-mentioned item the number of passengers carried was effected early in the current over all routes during the year 1929 year on receipt of the balance approximated 5% millions. of the purchuse price in respect of the sale of the Majestic Negotiations with Tram Co.

..

Outside Ventures.

The Summer Handicap. 1 Milen. ponies-Montana (163 lbs.), Christ Winner $100; 2nd $50. For China

Osswaltwizzle (161), Target (161), mas Frole (167), November (101),

Discord (158), King's Counsel (168), Buster (156), King Cobra (155). Sucre (155), Fanling Stag, (153), Pal O'Mine (162), Fernleaf (148). Duke of Neiblung (145), Mowgli (145), Sunloch (145).

Fanling Champion Steeplechase and For "Borderers' Cup, 144 Miler. property of the winner for one year with roplica presented; 2nd $75; 3rd 350. For China pomies that have started at Kwanti this Season pre- vious to this Meeting Weight for (168 lbs.), Bright Prospect (156), Christmas Frolic (158), Montana (161), Movanagher (165), November (158).

The Easter Maidens. 1 Mile. Win- ner $100; 2nd $50. For China ponies that have never won a Steeplechase. scale. Weight for inches as per Fonics that have started at this

5 os.Bay

Members of the Hongkong Boxing Booking at MOUTRIE'S for

Association.

on Wednesday, 9th and Thursday, 10th April. General Public: Friday, 11th and Saturday, 12th April Ringside Seats $5; Others $3 & $1.

MORRISON PIANOS

are distinguished from all others by Meeting allowed peet, City Hall; MODERATE PRICE Majesty, Huntington, King Cobra. Diana, Grand Duke, Grey Mouse, His EXCELLENT QUALITY King's Counsel, King Lightning, Lively Tune,

Throstle SWEETNESS IN TONE. Osswalt- wizzle, Peterkin, San Francisco, Six RESPONSIVENESS of TOUCH Hundred, Sixty. Snowdrift. Sunloch, Tarnborg.

GUARANTEE TEN YEARS

TENNIS TOURNEY.

CHINESE PAIR ENTER THE SEMI-FINAL

From a spectators' point of view, the best aspect of the match was the gallant effort of the English pair to save the issue. Sullivan in particular gave quite. an Inspired display, and had the two only been able to work together with a little better understanding, there might have. been a different result. Red- mond was rather spasmodic and was certainly not so steady and consistent as one usually expects him to be. He sometimes pulled

the way-but he negatived these by disappointing net work.

WHY NOT HAVE ONE IN YOUR HOME?

Can be HIRED or BOUGHT (TERMS ARRANGED)

at

off some fine strokes-winners all TSANG FOOK PIANO

COMPANY.

8, Des Vœux Road Central (Entrance Ice House Street) Telephone 0, 4648.

go on, the Peninsula Hotel at Kow- loon will becomes world-famous. Sound and quite attractive, but and that when the state of chaos lacking in anything spectacular, that seems perennial inside the was the tennis served up yesterday borders of our great neighbour in the doubles championship, when Hotel property, and it consequently In view of the statement made by does disappear as disappear it un- Kong Too-cheung and Ho Ka-lau follows that our indebtedness to our the Chairman of the Hongkong doubtedly will then, I think, the met and defeated A.L. Sullivan and bankers stands at a considerably Tramways, Ltd., at that Company's owners of our fine hostelry will F. A. Redmond, and thus gained reduced figure to-day,

annual general meeting held re-reap a rich reward for their far-right of entry into the semi-final. Proof of Stability.

rently, shareholders will doubtless sightedness in embarking upon this expect me to make some reference great undertaking. Turning to the matter of the ap- to the subject of the possible affilla- propriations recommended by the tion of the transportation services Board for the year under review, of the respective companies. In If I may add a personal note, I rhareholders will doubtless be this connexion, although "pour may say that I have at all times pleased to see the Company in the parlers" have already taken place, viewed with a certain amount of position of being able to revert to nothing definite has materialised misapprehension the matter of our à dividend-paying basis after a up to date.

embarking upon ventures outside period of four years, during which In the circumstances, it would of Hongkong. In the circum- no distribution has been made; appear imprudent for me, at this stances, I may add that I speak feel nevertheless, I think I may usefully juncture, to offer any comments asingly when I congratulate the Board inform you that during that period to the possible outcome of negotia on their sale of the "Majestic" pro- the Company has transferred a sumtions; nevertheless, I deem it op- perty. of no less than $2,500,000 to the portune to assure shareholders that I am glad to see our Bus and augmentation of its Reserves, the policy of the Board in this mat- Garage Department has reaped the despite the difficult times through ter is one of conciliation towards measure of success it so justly de-

Kong and Ho won by their oppon- which it has passed (due very the Tramway Co., since it is pro- serves, having regard to the pioneer- ents' mistakes, more than their largely to financial stringency en-bable that provided some mutually ing work embarked upon by our own brilliance. They were not too tailing heavy demands in regard to beneficial arrangement can be en-Company in this particular portion confident in their ground strokes, interest payments in respect of tered into--and affiliation of the of its business, and, whilst on this and were kept on the defensive for borrowed capital, and enhanced by respective services would be to the subject, it is gratifying to hear periods. Kong was inclined to be the series of events connected with benefit alike of the interests of the from the -Chair that this erratic, and more than once follow- the disturbances in China, which two Companies concerned and of the asset will not be parted with unlessed up a delightful shot, with a blun- have naturally acted as a strong de-local community; but your Board is for a substantial quid pro quo.

der over the simplest of returns. terrent to its earning power) and not disposed to lose sight of the Our transport business has Ho's lobbing and overhead work I think I am justified in claiming fact that this Company were for proved a great boon to the public, played a useful part in their suc- as adequate testimony to the many years the pioneers of motor and 1 think all will agree that the cess. stability of your undertaking the bus transport in the Colony and in-service it renders is excellent and

Yesterday's results in detail were:

It is advertised that commencing fact that, in the past four years, its cidentally for a lengthy period its management most efficient, in Open Championship Doubles. business has not only been able to operated unprofitable routes: con-which connexion I may add that it Ho Ka-las beat A. L. Sullivan and supply of water will be given in that (third round).-Kong Too-cheung and on Monday, April 7, a constant cope with all its difficulties, but has sequently your Board is not pre- is not the first time in our history FA, Redmond, 6-4, 4-6, 7-5, 6-2 portion of the City of Victoria ly- also during that period never prepared to entertain the handing over that this Company has served the

Singles "A" (third ing North of Queen's Road between sented you with an adverse balance of this portion of your Company's Colony faithfully; in fact, in my round. Planner beat Dr. Murray Road and Eastern Street.

activities without, adequate com- considered opinion, there is a big | L. In reference to the matter of pensation.

score to our credit-Repulse Bay Handicap

(second "Reserves", I would Incidentally

and its development, cheap meals round). D. Humphreys' and G. B point out that your Directors re-

for all in the "Strike" days; efficient Sayer beat E. R. and T. J. Price, commend that the sum of $1,000,000 As most ehareholders are aware, transportation services, and, last 6,5. Dean Swann and L which has been voted from time to the Majestic Hotel, Shanghai, open but not least, the Peninsula Hote! Forster beat T. C. Monaghan and time from profits to the credit of ed in 1924, has, under this Com--a great attraction to tourists who N. L. Railton, 8-6, 6-2. the "Construction and Development: Reserve" be transferred to a "Re-pany's management, achieved durare welcomed here by most sections serve for Depreciation", since the wide reputation for its accommoda

ing the past five years a world-of the community. designation of the former Reserve tion, service and appointments, and hesitation in saying that this Com- appear irrelevant in the brilliance of the Innumerable pany, to my mind, deserves success, view of the Company having no functions pertaining to many and I think is now on the high road major constructional programmic in nationalities which

The following will represent the have been to attain it. With these few re- first eleven of the Hongkong hand.

staged there. When the property marks, Mr. Chairman, I have much Hockey Club in their match with There being no further items

was purchased by this Company, it pleasure in seconding the adoption the Somerset Light Infantry on the which appear to call for explans-was intended that the extensive of the report and accounts; - tion, I trust that the appropriations grounds in which the hotel building recommended by the Board will is situate should be developed by meet with shareholders' approval.

at Profit & Loss Account.

would now

Peninsula Hotel.

Majestic Hotel.

providing extensions thereof, but

the situation which arose in June, 1925, postponed the progress of

In the circumstances 1 have no

CRICKET.

Ba

THE HOCKEY CLUB.

FIRST TEAM TO MEET THE SOMERSETS.

USR.C. ground at 5.15 p.m. on Wednesday:--C.. L. Gregory, W. Woodward, J. E. Henry, E. J. R. Mitchell, A. A. Dand (captain), J. E. Noronha, H. Owen Hughes, G. E. R. Divett, M. G. Marriott, R.

Although formally opened in the your Board's policy in this matter,

The following will represent the H. D. Wade and T. J. Price. middle of December 1923, and and since that time financial con- Club v. I.R.C. (League) to-day:

The second eleven, to meet éperated throughout the whole of ditions have failed to warrant the 1st XI (Away). Owen Hughes,H.M.S. Tamar on the R.N.O.S.C. the year 1929, it was not until dur- developments previously contem-A. C. L Bowker, A.-Raid, ing the latter months of the last plated. Moreover, the general con- Duckitt, E. R Hitchell, K. H. ground st.5 p.m. on Monday, will mentioned year that this establish- ditions obtaining in North China Batger. A. C. Beck, W. Harris Walker, be:W. Borrowman, J. E. Henry,

Younger.

LF. Nicholson (captain), L. A. R. 2nd XI (Home),H, A

ment demonstrated its capacity, during the past few years have not J. McFarlane and J. Rmstrong Duncan, H, O. Davis, L. G. Frost,

even when filled to its utmost limit, been such as to inspire your Board G. E. I. Divett, J. L. Bonnar O: E. C. W. A. F. Kerrich, O. Butler, R. H. to cope with the situation to the with the confidence necessary to Marton, E. R. West, C. E. Gahagan, D. Wade, D, M. McDougal and M. complete satisfaction of its patrons justify their sinking further funds J. Summers, J. Ashworth, R. M. Wood, G. Marriott. - state of affairs which has oc- in the property.

J. D. A. Hutchison and F. E. Skinner."

A girl isn't backward about her new spring bonnet, She comes right out with It.

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