1933-01-03 — Page 19

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ན་

OBITUARY

VISITING PIANIST DIES?'

IN HOSPITAL

CONSUL PROMOTED.

THE HONGKONG TELEGRAPIL TUESDAY, JANUARY 3, 1933.

ANNUAL MEETING.

MU. HUGH GURNEY BECOMES CHINA LIGHT AND POWER

MINISTER

London, Jan. 3. The King has approved the ap-

..

* COMPANY

NEW IRISH PARTY

Hodal share for every six existing Tharos held bị thu The sum of $8 per share will be payable on application; the balance of $2 por ahare will be called up at such

AIMS TO UNITE NORTH ne the Directors shall decide, timo

AND SOUTH **** Sundry Tragedy has onded the visit to

The fourteenth ordinary annual Soptember stood at the compara creditors at 30th

Dublin, Jan. 2. Hongkong of the Australian Trio which arrived hare to full a pointment of Mr. Hugh Gurney, China Light and Power. Company which is principally represented Dublin, stated that one of the meeting of shareholders of the tively high Ugure of $427,043.86, Mr. Alfred Byrao, Lord Mayor of Interviewed by Router to-day theatrical engagement a fortnight Minister Plenipotentiary in tag (1918) Ltd. was held in the Board by Capital additions contracted chief alms of the proposed now ago, as Mr. Harry Story, paint Wiplomatic service, at pont Room of Messrs. Lowe, Bingham for, payment for which was not National of the trio, died yesterday In the British Consul-General at Ton-

and Blatthews at noon on Saturday due at that date.

Party was Bintilda Hospital. In company gier, to be Envoy Extraordinary for the purpose of receiving a State-

to induce You will have observed a note ing an Irish Free State in 32 Northern Ireland to unito, form- with John Priora and David Der- and Minister Plenipotentiary at

mont Accounts and the Report in the balanca shoot as to the tini, Mr. Story arrived in Hong-

Copontingon-British Wirclens, of the Directors for the financial liability for compensation to the achieved by a rigid adherence to counties. This could only bo [Mr. Hugh Gurney entered the kong from Shanghat on December

year ended September 30. Mr. C. Inte General Managero, 10 and played a week at the King's diplomatic serv.ce in lui a an

the troaty A. da Roza presided.

amount of which la contingent on changes and also by the trade de- and mutually agreed Theatre. The act was then trans-attacho. In 1903 to 1907 he was

Addressing the meeting, Mr. C. the award of an Arbitration at velopment of the Free State at- ferred to the Peninsula Hotel for Third Secretary and from 1907 A. da Roza sald:

present in progress. You will re- tonding to the Christmus Carnival, but Mr. to 1914 Second Secretary.

The accounts for the financial member that

attract the north to *extraordinary Story ld not see the end of it. He the latter year he was appointed was taken to the bintilda Hospital First Secretary and in 19 9 Coun-aving been in your hands for the were held in Blatch last at which

year ended 30th September, 1934, general meetings of the Company forces with the Free State.—

MX (Router. on Wednesday night with double cillor of Embassy until 1928 when pneumonia and died at 5.5 a.m, he was appointed Minister Pica: period required by the Articles, I an agreement with the General yesterday.

potentiary. Ho has served at propose to take them an read:

Managers was formally ratined A native of West Hartlepool, Vienna, Wanhington, The Hague,

The gross profit for the year providing for the assessment by Durham, Mr. Story was born Paris, Berlin, Copenhagen, Brus- reached the figure of 81,006,296.56 arbitration (with the Chief Justice (after deducting General Mann na solo Arbitrator) of compensa- in 1893, ani saw active service in sels, Tokyo and Madrid and has France with the British army. Anbean Consul General at Tangler gers' commission to 31st March tion to Messrs. Shewan, Tomcs accomplished musician, he wont since 1926.]

Amounting to $27,398.18), and ex-¡ & Co. for their relinquishment of ceods the figure for the previous the office of Gerlerai Managers. year by $252,663.27.

The hearing of the arbitration, which was in prograsp.nt time

tho the balance sheet was issued. In is still proceeding, The matter boing, to all intents and purposes. sub-judice, I am unable at this atago tó maka any further rofer- ence thereto.

to Australia with the Lake and Story vaudeville turn in 1922 and for several years was well-known in theatrical circles, being at ond time musical director of St. James' Theatro, Sydney, and latar connected with theatres in Queen- |

Jand.

Far Eastern tour.

CHURCH UNION

In

ANGLICANS AND KOMAN CATHOLICS He came to China in August'

London, Jan. 2. 1931, and for some months was ind It is reported from Venice that Shanghai, when he revived the special prayers for a union of the present vaudeville act with Priora Anglican and Roman Catholic and Bertini, and after playing Churches were sald In all the North China had come here on a churches in the Venice Archdiocese, on instructions from Cardinal La Mr. Story, who was not married, Fontaine, the Patriarch of Venice. leaves his father la England and. In a letter to his clergy, the a brother in Chicago, U.S.A., to Cardinal cites a manifesto by fifty

Anglican ministers recently pub The funeral took place at the shed in London, in which a union Happy Valley cemetery yesterday is upheld as the ideal. afternoon, Rev. N. V. Halward The Cardinal says the nima of ofcinting at the graveside. f the signatories, though not corres- Among those present were ponding entirely with the Roman Mesara, John Priora, David Ber- Catholic conception, "show an open- tini, A. K. Dimond, C. de Saille 19 avowed tendency towards the Robertson, J. Blanc, J. M. Sunley, Holy Roman churches."—Our Own N. Stockton, E. Grimths, Wang.. Correspondent. S. A. Gray and H. Brokenshire,

mourn him.

Faye.

were

Mrs. L. L. Mikek and Miss Dot in the prominent part he assumed in discussions at thu Chinese Among those who sent wreatha General Chamber of Commerce in Sister Lodge (Shanghai), connexion with the water supply Mr. and Mrs. Franco Reed (Shane- question, during the water shor- hai), Layne and Marie Maye tage perlad in 1929, and also on (Sulzon), J. M. Kelleher, M. questions connected with other Stockton, Kings' Theatre. mem- public matters. Hd served for hers of the Anzac Company of the many years as a member of the HL.K.V.D.C.. A. K. D'mond, John Chinese Chamber's Executive Priora, D. Bertini, Miss Dot Faye, Committee, and at the time of his Mr. I. L. Mikek, Bella and Betty death

a member of the Penton, the Sisters, Peninsula General Committeo of the Cham- Hab, S. A. Grey, H. Brekenshire, ber. and Eric Griffiths,

WAB

串

Allocation of Profit."

After charging Profit & Loss Account with depreciation, change of voltage expenses, directora, nuditors and consultants' fees, etc., the net profit stand at the num of $667,806.27, az against $613,1 14,77 last year. The largest individual item charged to profit & loan account is depreciation on

The last item I have to mention buildings, plant, stock, and change

to the net profit for the year, and frequency, for of pressure which provision has been made in amely, $667,806.27 which, with the accounts before you to the ex-356.756.60 brought forward from tent of nearly $350,000. This pro- last year, gives a sum available for distribution of $714,501.87. vision is not only necessitated by the substantial additions to fixed This amount your Directors ro- commend be appropriated as fol. assets during the past two years

Iowa: but is also dictated by a desire on the part of your Board to make generous allowance for deprecia- Your Di- tion on all fixed assets. rectors feel that this is in the best interests of the Company,

Capital Account.

As you will have seen from the accounts, a Bum exceeding one million dollars was expended on capital account during the year under review. Among the items contributing to this largo expen- diture are:

(a) the acquisiton of land and buildinga, and plant and machinery, including part cost of a new 60,000 lbs. Boller: (b) the cost of seawall and extensive reclamations at Taiwan and Taipo Market: and

(c) part cost of the New Terri-

Lorles transmission line and | Br extensions.

To pay a dividend of 50-

cents per share on the "Old" Shares alletred prior to 1st October, 1031, and proportion- al amounts on the. Shares allotted sub- sequently to that date, aborting about

To carry forward to Profit and Loga Ac- count for 1982/1973 the balance amount ing to about

$562,777.11

151,781.78

$714,561.87

of

from your Board. I am pleased to state that your Directors have received the wholehearted co- operation of the stall, to whom i take the opportunity of paying this tribute of appreciation of their loyal services to the Com- pany.

The year under review, while satisfactory in that we are able to present to you a good report, has not been without its difficul- ties, and as your first Chairman since the business of tho Com- pany passed entirely into the management of the Board

Because of his Interest in the

Directors. I can testify to the great deal of time and attention Death of Mr. Ho Ju

sugar business, Mr. Ho du served

which the conduct of..the Com- for a number of terms as Chair- Is numerous friends in Hong- man of the Sugar Merchants' As-

The extensions to the New Ter-pany's business has called for kong will learn with the greatest sociation and was its ilon. Eng- ritories transmission line cousist regret of the untimely death on tish Secretary at the time of his of a branch line from Taino Sunday evening of Mr. Ho u, death. He was also Ilon. Eng-Market to Autau. from which compradore of the Mercantile lish Secretary of the Twenty- latter point a further extension is Bank in Hongkong for the last four Merchants Trade Guilds, being carried to Castle Peak by nineteen years, at the early age and was a member of the Com: way of Un Long and Ping Shan, of 47, Pneumonia, which he con mittee of the Compradores Asso. This extension is expected to be tracted last Tuośdny, was the ciation,

completed within a few days. cause of death, although a slight

The decenned kent up the in. From the terminal at Kwanti an Improvement in his condition terests of his late father in main extension is in hand to Shatau earlier in the day had given hopes (taining several free schools or kok, on the other side of the New of his recovery.

the poor. He was known for hin Territories from Castle Penk Born in 1886, the late Mr. Ho interest in charitable work, and in shall, therefore, shortly In was the third son och former sports activities. He was for entirely complied with our under- member of the Hongkong Legis merly Chairman of the South taking with the Government as lative Council, the late Mr. Ho China Athletic Association. The

regards the provision of a supni Fook. He

educated Wan

at Ping Pong League and Basket of electricity in practically every

important centro In Quoan's College. His long asso- Ball Lengue, for which he gave

the New Territories.

The erection of the clotion with the Mercantile Bank prizes and donations, made kim most popular mem- The late Mr. Ho lu ls survived Line has been accomplished in a vory satisfactory manner in spite ber in the foreign and native by his wife, two sons and five banking community, having served daughters, and his brothers in of the very difficult country that for many years as the Hon. Eng-jcluding Messra. Ho Leung, Jar- has had to be covered. lish Advisor of the Chinese Gold dine's compradore, Ho Kwong and and Silver Exchange. Being a Ilo Ki of Messrs. E. D. Sassoon, man of the most genial dispost- and Dr. S. C. Ho. well known local tion, the deceased was ever ready medical practitioner.

to give his sound advice on bank- The deceased was a nephew of ing and business matter to his Sir Robert Ho Tung and Mr. Ho friends, and it was due to his ad- Kom-tong, O.B.E. vice and persuasion that many disputes

were settled at the Chinese Exchange.

The funeral, which will be held to-morrow, ataris from No. Macdonnell Road at 100 m. and will arrive at Yat Pit Ting Work For the Public.

at 12.30 p.m. Even In his early days the de-

Marquis halenkan coared displayed the great:st

Tokyo, Dec. 31. keenness in public welfare work Marquis Masaaki Hlaska. for the Chinese community, and former vice-President of Peers, for the services he was plented died of a stroke to-day..

1918 and was appointed by the and zoologist, is at present in Government a Justice of the Peace London. In 1025,

Marquis Masaaki was one of Tre late Mr. Ho Ia's Interest in the best known Japanese diple publie welfare was demonstrated mates.-Reuter.

I will now put to the meeting the following resolution, and when it has been seconded I shall Webe pleased to answer questions have

that may be asked bỷ, share- holders:

We are well secured as regards "Sundry Debtors," who stand in the books at nearly a quarter of a million dollars, and it may be of Interest to you to know, that practically the whole of this sum has already been collected. Bad debts last year amounted to the trivial aum of $661.03.

Increase in Capital, Turning to the liabilition side of the balance sheet. I may mention that

authorised the

Do you anticipate that the Company will expand in the future at the same ratio na In the past?

A. The growth and prosperity

of the Company are wrap- ped up in the growth and prosperity of the Colony, regarding which you gentle- men are as competent Directors to judge for your- Bolvoo,

05

Q. Bearing in mind the fact that now capital fasues have been made from time to time covering the past few years, coupled with which it is possible that the Board may have in mind making further issues in the near future, do you consider that the Company will bo enabled to maintain tho present dividend thereon?. We have every reason to hope so.

A.

Q.

What was the cost of the new reclamation at Kow- loon Point where the main plant of the Company located, and what is tho Government development covenant In connexion therewith?

A. $380,906; the usual build-

• Ing covenant attaching to land leased from the Gov. ernment. The land is to be used for the purposes of n Power Station.

Q. Was such reclamation un- dertaken with a view to providing additional space for extension of the main plant? If not, why was it embarked upon?

A The answer to the first part of the question is in the affirmative. It should bo remembered that it was not

a qucation of immediate extension or even an exten- sion in the very near future; but the necessity of acquiring additional land when expansion becomes Decessary

measure

dietated by careful policy.

the The Chairman then put above mentioned Resolution to the. Meeting, which was unanimously

carried.

Other Business.

The re-election of Hon. Mr. J. P. Braga and Mr. Lawrence Kadoorio was proponed by Mr. S. M. Churn and seconded by Mr. A. C. Greaves,

and

13

Messrs. Linstead and Davis auditors for the ensuing financial year at a remuneration of $1,800 each, was proposed by Mr. A. Nissim, and seconded by Mr. H. J. M. de Figuerido.

"Tant the report and accounts as presented to the meeting bo hereby adopted and passed, that,

The re-election of Messrs. Lowe, & dividend of 50 cents per share on the "old" shares allotted Bingham and Matthews prior to 1st October, 1931, and proportional amounts on the shares nitocted subsequently to that date, be declared In respect of the financial year ended 30th September, 1932, such dividend to be payable on 30th January, 1933,

and that the undivided profits of the Company at 30th September, 1932, less such dividend, be carried forward the credit of Profit and Loss Account for the ensuing finan- clal year."

to

This was seconded by Mr. G. U. da Roza.

Questions, capital Before the Resolution was put of the Company was increased in ¦ to the Meeting, the Chairmon men- December Inst year to $10,000,000 | tioned that a number of questions by the creation of one million new had been sent to him by a Share

a member of the Po Loung Kuk in His non, an aviator, Alpinist of the nominal value of holder previously to the Meeting,

The Chairman, concluding, said: The dividend, I would like to remind you, is payable on 30th January, 1933, and coincides with the date of payment for the New Sharea, an offer for which will in due course be sent to you through the post. It only remains for me to wish you a happy New Year on behalf of the Board.

Persons Present.

Mr. C. A. da Roza (Chairman), Mr. A. II. Compton, Sir Robert Ho Tung, Sir Elly Kadoorte. K.B.E.. Hon. Mr. J. P. Braga, Mr. Law- renco Kadoorie, and Mr. Felix A. Joseph (Directors), Mr. C. Straf- ford (Manager). Mr. Noel Braga (Secretary), and Menara.

F. Au Q. What arc the future tin (Attorney for A. J. David), prospects of the Company? O. t. Benson, J. V. Braga,

$5 each. Approximately 200,000 which he now proceeded to an- of these new shares have since I swer. baan issued, and the further fasuc The questions and answers were of a similar number will tako as follows: place carly next year by the offer

to shareholders at par of ono add!.

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I SAW OSCAR WITH HIS FATHER AT THE FIGHTS LAST NIGHT, FRECKLES!

DOWN AT 'THE OLYMPIC

CLUB,

DAD?

GEE. HE NEVER TOLD ME HE WAS GOING... MEBBE HE'S GOING TO BE A FIGHTER NOW, INSTEAD OF AN

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DAD TELLS ME YOU WERE AT THE OLYMPIC CLUB LAST NIGHT....

SEE ANY 600D

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AW... A COUPLE NNERENT SO

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YOU TALK LIKE YOU DIDNT HAVE SUCH A GOOD TIME !!

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TH BUNK!

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