1930-09-29 — Page 2

THE

HONGKONG

PENINSULA HOTEL:

HONGKONG HOTEL: REPULSE BAY HOTEL: PEAK HOTEL

and

SHANGHAI

ASTOR HOUSE: PALACE HOTEL:

HOTELS

LIMITED.

In association with the Grand Hotel Des Wagons. Lits, Poking.

KOWLOON HOTEL

KOWLOON.

Under the Personal Supervision and Attention of-

Phone No. 58008.

H. J. WHITE. Cable "KOWLOTEL

Hongkong.

PALACE HOTEL

Tel. Kowloon No. 3,

·

Tol. Address "Palace."

A First Clas R sidential, and Tourist Hotel with all the Co. real news of Home. Under Entirely European Management, Сову Lonage and Billiard Saloon. Thres' minutes from Ferry, Facilira specially as ared for. Moderate term.

Mr. J. M. Oxberry,

Propri tres..

EUROPE HOTEL

'Renowned by Recommendation"

DANCING: After Dinner every Tuesday,

Thursday and Saturday.'

MUSIC:

GRILL:

Он the VERANDAH every Saturday from 12 noon to 1.30 p.m. and every Tuesday, Thurs- day and Saturday from 7.30 to. 8.30 p.m.

Telephone. 5341 (8 lines) Cables "EUROPE" Singapore.

Music

Daily.

Arthur E. Odell Managing Director,

THE HONGKONG TELEGRAPH.

THEATRES' GOOD·

YEAR,

HONGKONG AMUSEMENTS CHANGE IN POLICY.

CAPITAL INCREASED.

MONDAY, SEPTEMBER 19. 1930.

Réserves an amount of $164,500.38. · Sundry Creditors amount to $363,~ 286.61 and these practically all re- present accounts for films. The chief item in the assets to bring before your notice is the figure for Films and Film Rights. This amount has been considerably in- ereused on account of the increased cost of sound and talking pictures.

Your Chairman hinted in his speech last year. that our business has grown out of proportion with the originn! capital investment and that it was likely that time would necessitate calling upon you for an increase of capital. You are aware by now that this has come to pass and the matter will be brought up at an Extraordinary General which will immediately follow our

Meeting

A change of policy through the purchase of various properties for the erection of their own theatres which the Directorate regarded as not only desirable, but wise, was reported at the annual meeting of shareholders of the Hongkong Amusements, Lid, held on Satur day in the Queen's Theatre.

A sucessful year was comment-present meeting.

With these remarks, Gentlemen. ed upon by the Chairman (Mr. J. M. Noronha), who later presided beg to propose that the Dirce- at an extraordinary general meet- tors Report and Statement of Ac- ing for the purpose of passing counts for the 12 months ended resolutions authorising an March 1st, 1930 be adopted and crease in the capital of the Com-after this has been duly seconded, pany to $1.000.000,

I shall be glad to answer, to the Addressing the meeting. the best of my ability, any questions Chairman said:

shareholders might wish to put.

in

Gentlemen, Owing to the absence of your Chairman, Mr. Backhouse, who had to leave for Home in April last. I am privileged to address you to-day. The Report and Statement of Accounts, together with the Auditors' Report. hav- ing been in your hands for a clear week, I will follow the usual custom and take them as read

Before proposing the adoption of these accounts I would like to state that the seeming delay in calling this meeting was due to the sudden introduction of "talkies" in all the principal theatres comprised in mur circuit. This innovation hay. naturally, brought in its train a complete change in the system of working, and as this change hap pened to coincide with the last months of our financial year, some delay was experienced in reconciling the accounts from several of these theatres, necessitat in exchange of correspondence extending over a few weeks.

The year under review, viz. 1920-1930, registered a change in our own theatres, a change which, in the opinion of the Board, is no only desirable but wise.

New Properties. As indicated in the Balance Sheet, we required the following three properties:

1. Kowloon Inland Lot No. 2205, containing an area of 18,110 square teet;

2. A lot on Avenida Almeida Ribeiro, Macao, containing an area of 1,252 square metres or about 12.520 square feet;

H(T)

area of 5,800

Mr. Ho Ki seconded the resolu- tion, the report being carried unanimously.

Messrs. J. H. Barkhouse and Lee u-cheang were re-elected. to the Board of Directors..on the proposi- tion of Mr. J. S. Gubbay, secondod by Mr. Ho Leung-ho

Messrs. Linstead and Davis were re-appointed auditors, on the mo- tion of Mr. V. L. Remedios, second- ed by Mr. Poon.

This concluded the business.

Capital Increase. The extraordinary general meet- When ing followed immediately, the Chairman addressed the share- holders as follows:

all

Gentlemen.-As you are aware, this Extraordinary General | Meeting is being convened for the purpose of increasing the Capital of this Company to $1,000,000,

Those of you who have watched the growth and Company can readily see that, the progress of this

business has grown out of propor tion with the original capital in with the proposed acquisition of the And this fact, coupled Queen's Theatre, has, after careful and prolonged consideration, prompted your Directors to bring up the proposals that are now being put before you

vestment.

very

SPECIAL DISPLAY

OF

AUTUMN ILLINERY

In all the New Shades

Just arrived from

LONDON, PARIS, NEW YORK.

There are many examples of exquisite hats.

BERETS

ARE BEING WORN THIS YEAR: These should be seen early.

SPECIAL CLEARANCE

OF

WHITE -FELT HATS.

From $3.75 to $5.75.

ELITE STYLES

I

A. P. C. BUILDING Tel. 22432.

share is in the nature of compen- sation to the holders of the de ferred ordinary shares for reliz-

· their benefits under the Articles of

To achieve this end..certain legal procedures are, required and these quishing have been thoroughly embodied in Article 167 of the notice convening this meeting | Association. which has just been read to you by The next step is to increase the

capital of the the Secretary.

Company to off I might here explain that, in $1,000,000 by the creation reality, there are only two 84,000 additional ordinary shares

3. A lot at Swatow containing classes of shares at present of 10 each (this includes, thef

square feet namely, deferred ordinary shares 8,000 shares to be issued to the These are all very valuable sites, and preferred ordinary shares. holders of deferred ordinary notice and centrally situated and admirably in the

circulars shares as above mentioned) of suited for our purposes and your that have been sent out you will which 24,000 will be offered to that the existing shareholders at a premiam of THE EUROPE HOTEL, Ltd, Directors have every confidence in have noticed

their successful development.

shares have been designated into $2.50 per share, 26,000 will bej.. Our profit for this year, after three classes. This has been offered to the public at a premium; providing for the usual deprecia- necessary on account of the word-of $10 per share and the remain- tion, amounts to $116,331.61, which, ing of the Company's Memorandum ing 26,000 will be subsequently with the amount brought forward of Association in that 8,000 or offered at a minimum premium from the previous year, amounts Enary shares of $10 each may be of $10 per share at such times and to $163,147.52, which is slightly issued under such conditions as on such conditions as the Director more than the previous year. The may be decided by the Company may think fit. "Legal" Reserve of 5 per cent is and these were actually issued (Continued an Page 11.) being appropriated as usual and with the same preferential rights we recommend to place $50,000 to as the preferred ordinary shares, General Reserve. The Bonus to thus making them one and the Staff is the same amount as for the same class. previous year and is to be distribut- ed by the Managing Director ac cording to his apportionment, and I

PENANG

Dinner

¡Dance Twice weekly.

RUNNYMEDE

HOTEL.

'Malaya's Nicest Hotel."

With beautiful private lawns to the Sea.

MODERN THROUGHOUT

CABLE.—“RUNNYMEDE.”

RUNNYMEDE HOTEL LTD. George Goldsack.

Manager.

E. HING & CO.

SHIPBUILDING MATERIALS, SHIP CHANDLERS JHARDWARE MERCHANTS.

25, Wing Woo Street.

Requirements.

Briefly, it is required to alter

am quite sure you will agree that the Memorandum and Articles of they have deserved this apprecia- the Company and to, firstly, r tion of their services.

duce

the present capital by the; cancellation of the deferred cr It is also proposed to declare a dividend of $2 per share on pre-dinary shares, then to extinguish ferred ordinary shares, which means the preferential rights attached St. per share on deferred ordinary the preferred ordinary shares issued shares according to the Articles of and the ordinary shares Association, plus a bonus on all with preferential rights and then, shares of 50 cents which amounts to increase the capital by $80,000 to a return of 25 per cent on the to provide 8,000 ordinary shares preferred ordinary shares. This $10 each to be issued to the

PRADE

now leaves a balance of $48,630.94 deferred shareholders in sub- YOUR SAFEGUARD

to be carried forward to the credit stitution for the deferred ordinary of the next account, approximately

shares.

$1,500, more than the previous The holders of the deferred figure. This makes the fourth ordinary shares will not be re- year in succession that your Com-quired to pay up the additional į pany has paid a dividend of 20 per 15 per share, as the requisite sum cent, not taking into account the for $5 per share (totalling $40,000) Bonus, and your Directors feel con- will be transferred from our Re- fident that this satisfactory re-

Fund and capitalised in sult will continue to be maintained. order to make the new shares fully paid. This bonus of $5 per New Films Charges.

share included in the exchange of Turning now to the Balance one ordinary share of $10 fully Sheet you will notice in the various paid for "each deferred ordinary

serve

is EVANS, Antiseptic Thrant Pastilles. They keep colds at bay and give relief in cases of Coughs, Catarrh, Bron chitis, etc.

EVANS

ANTISENILL

THESE?

Pastilles

where. Made in Englandio for the fewpodl Throw Bopital

BOOTES TILES

As SUPPLIED FOR

AUCKLAND RAILWAY STATION,

NEW ZEALAND.

COLUMN TILING

INSETS DEPICT THE PROGRESS OF TRANSPORTATION

COLOURS ORANge, Red, a RusÆET GREEN.

For prices and particulars

apply to

SHEWAN TOMES & CO.

Sole Agents Tel. 27781.

Loss of weight

often leads to extreme weakness, even consumption. SCOTT'S Emul. sion builds the body, enriches the blood, aids digestion and leads to increased weight and better health. Ask for

SCOTT'S Emulsion

The protector of life

SALESMAN ŞAM

WHAT'S TA' MATTER, SAM? IS TH' STORE ON FIRE?

NOPE! JUST HEARD SOMETHING STARTLING

ABOUT TH' STEENTH

NATIONAL BANK.

This Is Serious

THEY TELL ME TH' CASHIER) HUH! THAT'S NUTHIN' OF TH' BANK HAS BOUGHT TA WORRY ABOUT!,

‚A YACHT!

DEN BERVICE. I

By Small

TH' HECK IT AIN'T!

BUYIN' THAT YACHT MEAN'S HE'S

GONNA BE A SKIPPER!

447