1932-03-23 — Page 24

12

MAJESTIC

To-day & Tomorrow

at 2.32, 5.20, 7.20

6 9.20 p.m.

DOLORES

VANNI U B#05.

present

COSTELLO

"MADONNA OF AVENUE A

COATES' ORIGINAL

PLYMOUTH GIN

IS THE BEST DRY GIN FOR COCKTAILS

Sole Agents:

CALDBECK MACGREGOR & CO., LTD.

| Luserngiratori suder the Companies Bedeusnerw of Hongkongi

SHANGHAI,

Prince's Bulldtog.

THE HONGKONG

TELEGRAPH.

ELECTRIC CO.'S PROJECT.

POWER STATION TO

- BE MODERNISED.

SUCCESSFUL YEAR.

WEDNESDAY, MARCH 23, 1932.

Increase of over 3,000 during the Increase in autpat mainly due to year, or the largest increase dur- the larger number of consumers. has fing the lust ten veura,

I would also add that care Government rates are consi-been taken to effect every possible without In any WAX derally heavier owing to increased economy

last year,

Cal likelihood fore-impairing ofeloney.

is always my pleasure occasions to express

on

oar

It will be observed that a note those

eos inserted in the nets appreciation of all that the stall side of the balance sheet to the have done to achieve the results

Tort that

we are committed to which we place before you ami

the sharz further pasients under contracts with this 1 am sure

would like to, assuelata Lamenting to £22.911. This fixture holders The complete podernisation of represents the balance of instal-themselves.

ments on the new turbine, boilers, I now propose that the report the power station of the Hongkong and stram range, comprising our and statement of accounts for the Electric Company is to be erected. scenced the len Mnew plant, and should, I feel, ap: rear ended 31st December, Lill.

pear in the balance sheet.

hr adopted, and when this has Mackie (Chairman), when actresss A new item also appears under tee secunded I shall be pleased shuurehulders at the annual the hmding of goods in transit,to answer any questions you may merling

at the date of the balance sheet desire to usk.. of the Company

Mr. Markle detalled the

for which our London representk- រ1 . proposed work his speech, five had paid and drawn on us. which dealt with another success. fal year.

1

1

this

Motor Vehicle Fleet.

account

the year

Mr. Chau Seconds,

The Hon. Mr. T. N. Chau. In seconding the proposal, said:-- Mr. Mackie sald: Gentlemen.- You will notice under the head-Mr. Chairman and Gentlemen,--I ofing motor cars and lorries, which have listened with rent interest The report and statement

to the speech from the chair and acemunt for the year ended De-appeared in fast cember

31, 1981. have been in 970131, there has been ay I would like to offer my congratu

to the Directors, agents Dilations hands for the presserifed

during penditure

is sur le the and staff the excellent resuits jertet aud with your permission | 825,761.82. This

of a fleet of lighter type of last year's working. In view of take them is reail.

purchase

ommercial vehicles which have The net profit after provbling

considerably low level of exchange and the advance in the east or depre fation is $1.695,059.21 airvady

of col, machinery and stores etc, Avath the

Conong in running and are tendonsequent a to reduce sur transport costs, the increase in the nett profit is brought forward from last avermil

With regard to sundry debtors, highly satisfactory. we have $1,840,895.11 for appro-

As you stated. Sir. I think the printion and with this we proposes the increase of $371,499 is mainly

To

lividend

account of remittances of Lon-higher output and the large in.

in the number of hnee absorbing

don at favourable rates in mert ferense $2.50

sumers are features which 0121 $1,126,000; to agredida a jurther payments for

shareholders 21:1 to write all obsolete plant. $175.

indication of the stewly progress 059; to place to reserve, $109,9

of our undertaking. the carry forward to next arvmit,

the Boar $136,386,11.

The proposal of

elmudele plan write

Pay per

The profit on working exceeded That for 1930 by $101,869 and in ties at the increased cost of furl, which forms a large percentage The work costs after unit, this result

may, I think, be looked upon as satisfartary.

o exteri

current Appeal in

1

fe

110

4421 CORTED

It must be a matter of

TOD

wise

will

tu

1

Cash at hand and in secunt has decreased by song, 182. heavy payments in Beroun of new plant having been made.

There are,

I think, a further

proper points in the account which call appeals

ar special remark other than the and

some of the out!! feel sure meet with the approval It has always been writing off of plant to which i will refer later, of all present.

The new plant of which I spoke the policy of this Company he working account is the five in process of erection at the Raul I am pleased to see that this i A new item which appears, in fast year has now arrived and is depreciate on an adequate rale yearly installation testing whichment. It is hoped to have it in principle has again been followed great the Company have to carry out operation during this spring. We in the present accounts. in accordance with Government have been fortunate in being able requirements and which has meant to pay for this additional satisfaction to the Directors to hi

•KETOON the formation of an entirely new

at higher rates of ex.able to again propose a dividend of $2.50 per share and at the same to the

hange the was anticipated. suh-department attachit

time place a consitlerable amount to our healthy reserve account. met tall. This department com

Whilst the report and accounts marned its activities on January

In accordance with the properas 1st. BL

sive policy of the Computy where before as are thoroughly antisfac by it has been decided to complete-tory from the shareholders' poin! modernise the power station of view, I would point out that

receive current at We have get asitle an additional and replace the low pressure with consumers $39.2012, making a total of $626-high pressure steam plant with rate which bears comparison with 367 for depreciation, which leaves 198 as with a net profit $3,599 in its attendant greater crummy, it any place in the world.

I personally am very pleased to will be

to convert the necerante excess of that for the previous British Thomson-ilouston set So. age that the board is maintaining | year.

In yowing the result for last 5 to the higher pressure as the generating station at a high year it should be borne in mind as possible and to provide a fur-state of efficiency. I hold the that we have had to mert largely the high pressure boller in the view that modern machinery in- corporating all the latest improve- nene future. increased custs of miscellaneous With this object in view your ments is essential for vengomical supplies as well as on machinery

MIN | Directors deem it advisable Lopraduction. that we offer the completely write off twn of the

HONGKONG,

TIENTSIN.

Telephone 20076,

atel

TANGYE

OIL ENGINES

HORIZONTAL ENGINES 5 TO 460 HP

VERTICAL OIL ENGINES 215 TO 560 HE

TANGYE

PUMPS

PRODUCTIONS

IN USE

TURBINE PUMPS

THROUGHOUT

THE WORLD

VERTICAL & HORIZONTAL

BOREHOLE PUMPS.

CENTRIFUGAL PUMPS.

RAM & BUCKET PUMPS.

ESTABLISHED

1856

HYDRAULIC

MACHINERY

PRESSES--TESTING MACHINES

ACCUMULATORS.

PRESSURE PUMPS

HYDRAULIC LIFTS WASHING PUMPS

LIFTING

TACKLE

BLOCKS. JACKS,

HOISTS, etc.

TANGYES ITD

BIRMINGHAM

SOLE AGENTS FOR HONGKONG AND CANTON,

SHEWAN TOMES & CO.

St. George's Building HONGKONG.

MAN HING

TAILOR

PERFECT FIT GUARANTEED

No.-9 D'Agullar Street.

Tel. 20780,

Increased Cosim

it should also

Modern Power Stution.

for

I now have much pleasure in stamiby of the repart and accounts a supply at very low rates obsolete turbines although they formally seconding the adoption Pablie which can be equalled its but few will be retained as

The ups. From the point of view, as presented.

Na questions being asked, the Crities throughout the world.

of maximum efficiency these sets) improved results of the period inter

possible are now out of date but I would relation was put to the meeting dog review have been

In the adoption of the report mention that they have brea

statement of necoauts paving to the steady increase in custinuous use for a considerable and the output which has chryssin arther rise during the year of number of years and have in their carried unanimously.

Itime done yeoman service. some 9.5 per cent., the total

I think I may safely say that the bered unite old having risen to over #7 millions. The uber results of the just year have fully expectations, the of consumers has also increased in realised

་་་

num-

our

ננו

a pratilying manner and is now most satisfactory feature in

most at the 36,500 stage, anpinton being. the considerable!

TO-DAY ONLY

At 2.30, 5.10.

7.15 & 9.30 p.m.

WAR

Other Burineum, Mr. T. E. Pearce and the Hon. S. Mackie, retiring re-eleted by a Directors, were Prebolution proposed by: Mr. W. S.

Continad on Neel Culona, i

KING'S

REQUEST BY SPECIAL

RE-SCREENING OF

The most completely enjoyable

British Picture.

"TILLY OF

BLOOMSBURY

W lawend, whe sepsara

Starring

99

SYDNEY HOWARD PHYLLIS KONSTAM ELLIS JEFFREYS EDWARD CHAPMAN IMAGINE

A panniless girl tell. ing her rich Swaelbeart's mother about her New

Yacht and Jewels" when there's a broker's man at home!

MAGINE

Sydney Howard so the broker's man suddenly pressed into so:vice BE A butler f

BOOKING AT THE THEATRE

TEL. 25313.

TO-MORROW Find Real Joy in the Heart of a Boy!

with

JACKIE COOGAN

as Tom Sawyer MITZI GREEN. as Becky Thatcher JACKIE SEARL #8 Sid Sawyer

Eugene PALLETTE

as The Duke

The cast of young players that lived "Tom

Sawyer" -

Here again in

HUCKLEBERRY

FINN

il

"QUEENS

Final showings To-day at 2.30, 6.10.7.15 & 9.20 p.m.

STAN

LAUREL

OLE ER

HARDY

their latent laugh riot!

BEAU HUNKS?

SPECIAL ADDED ATTRACTIONS-

COLOUR REVUE

Baby Follies

SPORTS SPECIAL

“Olympic Events"

TO-MORROW

BRITISH INTERNATIONAL PICTURES LTP

Present

GRAHAM SETONS

au

GREAT SPY DRAMA Jackie

AT THE

The

PLAN

STAR

THE

CEA

Goldwyn

TALKING

Final Showings To-day at 2.30, 5.20, 7.20 & 9.20

EA BAT

Billey and seconded by Mr. Frank Austin.

Messrs. Linstead & Davis were. re-elected Auditors for the ensuing year at a remuneration of $2,50 by a resolution proposed by Mr. Fung Kong-un and seconded by Mr. Wong Ping-sun.

The Chairman: That is all the business, gentlemen, I thank you Dividend for your attendance. warrants are now ready,

The Hon. Mr. C. G. S. Minckle (Chairman of Directors) presided,

und

was supported by Sir Robert He Tung, Hon. Sir Shousen Chow, Mr. J. P. Warren, the Hon. Mr. J.

FOREIGN TEA SALES.

A STATEMENT MADE IN '

PARLIAMENT,

London, Mar. 22. In the House of Commons to-day Mr. Runciman said that 150,000 packages of Java and Sumatra tea from were offered for auction January 1 to March 19, compared with 140,000 in the corresponding period of 1981-Router,

3. Paterson, (Directors), and Mr. FUNNIER THAN "HALF SHOT

Douglas Butcher (Manager).

Shareholders were represented

by Messrs.

W. S. Bailey, Chiu Ile- ng. Lau Shiu Chuen, V. Sorby,

ping.

F. L. Brown, Hon. Mr. T. ung Kong-un, Leung

Cho-hing. Wong

Ozoria, Loung

N.

Chau

To Fattin. un. L. E. 0. F.

Ribeiro, Leung Shiu-lau, H. J. M. de Figuotrede, L J. Davies, B. Wong Tape, Vong Chio, S. II. ROMA, ip Fook, Paul Lauder, Frank Austin (Attorney for Mt. A. J. David), and Chung Wing-Keu.

WHEELER

WOOLSEY

HOOK, LINE AND SINKER

DUE SUNDAY AT THE QUEEN'S

Printed and Published for the Proprietors by FREDERICK PERGY FRANKLIN, at 1 and 3: Wyndham Street, In the City of. Victoria Hongkong.