1933-01-03 — Page 5

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OBITUARY

CONSUL PROMOTED.

THE HONGKONG TELEGRAPII. TUESDAY, JANUARY 3, 1933,

MR. HUGH GURNEY BECOMES MINISTER

ANNUAL MEETING.

the

NEW IRISH PARTY

AIMS TO UNITE NORTHI AND SOUTH

tional share for every eix existing shares held by them. The sum of 53 per share will be payable on VISITING PIANIST DIES

CHINA LIGHT AND POWER application; the balance of $2 per IN HOSPITAL,

shate will be called up at such COMPANY

time as the Directors shall deelde. Tragedy han ended the vielt to

London, Jan. 1.

Sundry The fourteenth ordinary annual September stood at the compara- creditors at Both Hongkong of the Australian Trio

The King has approved the apmeeting & sharoholders

Dublin, Jan. 2. which

pointment

of the arrivad hero to fulfil a

of Mr. Hugh Gurney, China Light and Power Company which is principally repreacuted Dublin, stated that one of the tively high figure of $487,543.36, Mr. Alfred Byrne, Lord Mayor of Interviewed by Reuter to-day, theatrical engagement a fortnight Minister Plonipotentiary in Cat (1918) Ltd. was held in the Board by Capital additions contracted chief aims of the proposed new sgo, as Mr. Harry Story, panist diplomatic service, present Room of Messrs. Lowe, Bingham for, payment for which was not National Party was of the trio, died yesterday 'le the British Consul-General at Tan Ad Matthews at noon on Saturday due at that date. Matilda Hospital. In company kier, to be Envoy Extraordinary for the purpose of receiving a State-

to induce with John Priora and David Ber-and Minister Plenipotent ary at

You will haya shperved a note ing

Northern Ireland to unite, form- ment of Accounts and the Report in the balance sheet as to the

an Irish Free State in 32 tin, Mr. Story arrived in Hong-Copenhagen.--British Wireless,

of the Directors for the financial liability for compensation to the achieved by a rigid adherence to kong from Shanghaf on December [Mr. Hugh Gurney entered the

counties. This could only be 10 and played a week at the King's diplomatic service in lei as ali

year ended September 30. Mr. C. late General Managers, Theatre. The net was then trans attache. In 1903 to 1907 he was, A. da tozu prosided.

amount of which is contingent on

Lroaty And mutually agreed ferrod to the Peninsula Hotel for Third Secretary and from 1907

Addressing the meeting, Mr. C.the award of an Arbitration changes and also by the trade de- the Christman Carnival, but Mr. to 1914 Second Secretary, In A. da Roza saldi.

prosent in progress. You will revelopment of the Free State at- Story did not nee the end of it. He the latter year he was appointed

The accounts for the financial member: that

tending to attract the north to extraordinary

nry Join forces with the Free State.-- Was taken to the Matilda Hospital First Secretary and in 19 Coun-year de un september, 1982, general meetings of the Company to on Wednesday night with double ciilor of Embassy until 1928 when having been in your banda for the were held in March fast at which pneumonia and died at 5.5 a.m. he was appointed alinister Pear period required by the Articles, I an agreement with the General yesterday.

potentiary. Ho has served at propose to take them as rend,

Managers was formally ratifled A native of West Hartlepool, Vienna, Washington, The Hague,

The gross profit for the year providing for the assessment by Durham, Mr. Story was born Paris, Berlin, Copenhagen, Brug reached the figure of $1,066,296.66 arbitration (with the Chief Justice in 1893, and anw active service insela, Tokyo and Madrid and has

(after deducting. General Mana-as sole Arbitrator) of compensa- France with the British army, An been Consul General at Tangier gera commission to 31st March tion to Measre. Shawan, Tomes amounting to 327,398.18), and ex- & Co. for their relinquishment of accomplished musician, he went jainco 1926.) .. to Australia with the Lake und

ceeds the figure for the previous the office of General Managers. Story vaudeville turn in 1922 and

year by $252,663,27,

The hoaring of the arbitration, for several years was well-known

which was in progress at the time In theatrical circles, being at one

the balance sheet was issued, is time muafcal director of St.

is still proceeding. The matter famos' Theatre, Sydney, and Ister

being, to all intents and purposes, connected with theatres in Queon-

aub-Judice, I am unable at this *land.

stage to make any further refer- chce thereto.

He came to China In August 1931, and for some months was in Shanghal, when he revived the presunt vaudeville act with Priora and Bertini. and after playing North China had come here on a Far Eastern tour.

Mr. Story, who was not married, leaves his father in England and a brother in Chicago, U.S.A., to

moura him.

The funeral took place at the Happy Valley cemetery yesterday afternoon, Rev. N. V. Halward officiating at the graveside.

CHURCH UNION

ANGLICANS AND ROMAN CATHOLICS

London, Jan. 2. It is reported from Venice that special prayers for a union of the Anglican and Roman Catholic Churches were said in all the churches in the Venice Archdiocese, an instructions from Cardinal La Fontaine, the Patriarch of Venice,

In a letter to his clergy the Cardinal cites a manifesto by arty Anglican ministers recently pub- lished in London, in which a union is upheld as the ideal.

The Cardinal saya the aims of the signatories, though not corres- Among those present were ponding entirely with the Roman Mesura. John Priora, David Ber- Catholic conception, "ahow an open- lin, A. K. Dimond, C. de Saille ly avowed tendency towards the Robertson, J. Blanc, J. M. Sunley, Holy Roman churches."-Our Own N. Stockton, E. Griffiths, Wong.. Correspondent. S. A. Gray and H. Brokenshire,

Fayo.

N.

"In

MrR. L. L. Mikek and Miss Dot in the prominent part he assumed Among those who sent wreathe General Chamber of Commerce in discussions at the Chinese were Sister Lodge (Shanghai), connexion, with the water supply Mr. and Mrs. France Reed (Shang- question, during the water shor- haf), Layne and Marie Maye inge period in 1929, and also on (Saigon), J. M. Kelleher, Stockton, Kings' Thentre, mem public matters.

questions connected with other bers of the Anzac Company of the many years as a member of the Ile served for H.K.V.D.C., A. K. D'mond, John Chinese Chamber's Priorn, D. Bertini, Miss Dot Faye, Committee, and at the time of his Executive Mira. L. L. Mikek, Bells and Betty death. Postonj, the Sisters,

a member

of the Peninsula General Committee of the Cham- Hotel. S. A. Geny, H, Brokenshire, ber. and Eric Griffiths.

Death of Mr. Ho lu

WAR

After charging Profit & Loss Account with depreciation, change of voltage expenses, directors', auditors and consultants' fees, etc., the net profit stand at the aum of $857,806.27, na ngainst 5513.144.77 last year. The largest invidual item charged to profit & loss account is depreciation on hulldings, plant, stock, and change and frequency, for of pressure which provision has been made in the accounts before you to the ex- tent of nearly $350,000. This pro- vision is not only necessitated by the substantial addtions to fixed assets during the past two years but is also dictated by a desire on the part of your Board to make generous allowance for deprecia tion on all fixed assets. Your Di- rectors feel that this is in the best interests of the Company,

Capital Account.

As you will have seen from the million dollars was expended on. accounts, a sum exceeding one

under review. capital account during the year Among the items contributing to this large expen- diture are:

(a) the acquisiton of land and buildings, and plant and machinery, including part cost of a new 60,000 lbs. Boiler:

(b) the cost of seawall and extensive reclamations at Taiwan and Taipo Market;

and

(c) part cost of the New Terri- tories transmission line and extensions.

Allocation of Profit.

The Inst item I have to mention Is the net profit for the year, namely, $667,806.27 which, with $56,755.60 brought forward from jast year, gives a sum available for distribution of $714,561.97. This amount your Directors re- commend be appropriated as fol lows:

To pay a dividend of to cents per aliaro on the "Old" Shares allatted prior to 1st October, 1931, and proportion

amounts on the Shares allotted sub- sequently to that date, absorbing_about To carry forward to Praft and Luna Ac- count for 1932/1933 the balance amount- ing to about

$562,777.11

161,784.70

$714,561:87

The year under review, while satisfactory in that we are ably to present to you a good report, has not been without Its diflicul- ties, and as your first Chairman since the business of the Com-

Cu-

pany passed entirely into the management of the Board of Because of his interest in the

Directors. I can testify to the sugar business, Mr. Ho lu served

great deal of time and attention for a number of terms as Chair-

which the conduct of the Com His 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 lion. Eng- ritories transmission line consist from your Roart. I am pleased regret of the untimely death on lah Secretary at the time of his of a branch line from Taipo

to state that your Directora have Sunday evening of Mr. Ho Iudenth. He was also Hon. Eng-

Market to Autau. from which received the wholehearted compradore of the Mercantile ish Secretary Bank in Hongkong for the last four Merchants Trade Guilds, being carried to Castle Peak by

of the Twenty- latter point a further extension is operation of the stall, to whom I take the opportunity of paying sineteen years, at the early age and was a member of 17. Phoumonia, which he con- mittee of the Compradores' Asso- This extension is expected to be

of the Com- way of Un Long and Ping Shan. this tribute of appreciation of their loyal services to the Com- tractod last Tuesday, was the clation.

pany. completed within a few days. cause of death, although a slight The decanned kent up the in- From the terminal at Kwanti an Improvement in hls carlier in the day had given hopes,taining several free schools

condition terests of his late father in mala- extension is in hand to Shatau

kok, on the other side of the New of his recovery,

the poor. He was known for his Territories from Castle Peak. We Born in 1886, the late Mr. Io interest in charitable work, and in shall therefore, shortly have It was the third son o a former sports activities. He was for entirely complied with our under- member of the Hongkong Legia- merly Chairman of the South taking with the Government" as Intive Council, the late Mr. Ho China Athletic Association. the regards the provision of a sn Fook. He WOS educated at Ping Pong League and Basket

of electricity in practically every Queen's College. Ils long nsao Ball League, for which he gave

important centre in the New clotion with the Mercantile Bank prizes and donations.

Territories. The erection of the nde him a most popular mem- The Inte Mr. Ilo Iu is survived

Line has been accomplished in a ber In the foreign and native by his wife, two sons and five very satisfactory manner in sple banking community, having served daughters, and his brothers in- of the very difficult country that for many years as the Hon. Eug-jcluding Messrs. Ilo Loung. Jar-

has had to be covered. lish Advisor of the Chinese Gold dine's compradore, Ho Kwong and and Silver Exchange. Being a Ho Ki of Messrs. E. D. Sassoon, man of the most genial diaposijand Dr. S. C. In. well known local tion, the deceased was ever ready medical practitioner.

inr

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. 11a friends, and it was due to his ad- Kom-tong, OB.E. vice and persuasion that many disputes were settled at the Chinese Exchange.

Work For the Public. Even in his early days the de coared displayed the greatest keonness in public welfare work

The funeral, which will be held to-morrow. storts from No. 4 Macdonnell Road at 120 m. and will arrive at Yat Pit Ting at 12.30 p.m.

Marquis Hachismla

Tokyo, Dec. 31. Marquis Masaaki Hac suka. of Peers,

Alpinist in

for the Chinese community, and former vice-President for these services he was elected died of a stroke to-day. a member of the Po Leung Kuk in Iis on. an aviator, 1913, and was appointed by the and zoologist, is at present Government a Justice of the Peace London.

in 1925

Marquis Masaaki was one of Tre late Mr. Ho Iu's interest in the best known Japanese diplo public welfare was demonstrated mates-Router.

WEDDING!!

Remember whenever you have to send a WEDDING presont or

BIRTHDAY

present for all occasions you will find

you want at

what

KOMOR & KOMOR

ART AND CURIO EXPERTS Chater Road,

Phone 21427,

Lacquer, Porcelain, Ivory Ware, Bronzo and Metal Ornaments, Silka. Prices ranging from 50 cts. upwards,

We are well secured na 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 ha alindy been collected.

Bad debts last year amounted to the trivial sum of $661.03.

Increase In Capital. Turning to the l'abilites side of the balance sheet. I may mention that the authorised enpital of the Company was increased in December last year to $10,000,000 by the creation of one million now stars of the nominal value of $6 each. Approximately 200,000 of these new shares have since been issued. and the further issue of a similar number will tak pince early next year he the oTer to shareholders at par of one addi-

FRECKLES AND HIS FRIENDS

I SAW OSCAR WITH UN

HIS FATHER AT THE FIGHTS LAST NIGHT,

FRECKLES!

DOWN AT THE OLYMPIC

CLUB,

DAD?

Do you anticipate that the Company will expand in the future at the same ratio as 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 no competent Directors to judge for your- selves.

34

Q. Bearing in mind the fact that now capital Issues have been made from time to timo 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 be enabled to maintain the present dividend thereon? We have every reason to hope so.

A.

Q.

दं

What was the cost of the new reclamation at Row- loon Paint where the main plant of the Company in located, and what is the Government development covenant

connexion therewith?

in

A. 8380,906: the usual build- Ing covenant attaching to Inad leased from the Gor- ernment. The land is to be used for the purposes of a Power Station.

Q.

to

Was such reclamation un- dertaken with a view 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 be remembered that it was not a question of immediate extension or even an exten- sion in the

very поде future; but the necessity of acquiring additional Innd when expansion becomes necessary is a measure d'etated by enreful policy. The Chairman then put the

carried.

I will now put to the meeting above mentioned Resolution to the the following resolution, and Meeting, which was unanimously when it has been seconded I shall be pleased to answer questions

Other Business, that may be asked by share- hoiders:

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

The re-election of Mesors. Lowe, Bingham and Mutthews and Messrs. Linstend und Davis as auditors for the ensuing financial year at a remuneration of $1,800 each, was proposed by Mr. A. Nissim, and seconded by Mr. H.

Figuerido.

"That the report and accounts as presented to the meeting be kelvoy uuopiod, anu passed, that da qavadoți un 99 coma per share on the "old" ares allotted prior to Uctoser, 1931, and proportional amounts on the Bild neu subsequently to that date, be declared in respect of the arancia year ended 30th September, 1932, such dividend J. to be payable on 30th January, The Chairman, concluding, said: 1933, and that the undivided The dividend. I would like to profits of the Company at 30th remind you, is payable on 30th 1932, Jass such | January, 1939, and coincides with be carried forward to the date of payment for the New the credi, of Pront and Loss Shares, an offer for which will in Account for the ensuing finan- duo course be sent to you through cial year."

the post. It only remains for me This was seconded by Mr. C. U. to wish you ́n happy New Year on da Roza,

behalf of the Board.

Questions,

Before the Resolution was put to the Meeting, the Chairman men tioned that a number of questions had been sent to him by a Share holder previously to the Meeting. which he now proceeded to an swer,

The questions and answers were an follows

Q. What are the future prospects of the Company?

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

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

SEE ANY GOOD

SCRAPS?

Persons Present,

Mr. A. II. Compton, Sir Robert Ho Mr. C. A. da Roza (Chairman), Tung. Sir Elly Kadoorie, 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 Messrs. F. Aus tin (Attorney for A. J. David), 0. R. Benson, J. V. Braga,

AW...

A COUPLE ERENT SO

BAD →→

Pikers!

YOU TALK LIKE YOU DIDN'T HAVE

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OH,TH BOXERS

WERE ALL RIGHT, BUT THOSE SECONDS WERE

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HOWS THAT

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