1933-05-25 — Page 19

TO-DAY'S WANTS.

20 Words

....$1.50

(12.00 If Not Prepaid)

890, 820, 944, 045, 071, 992, 998, 10, 38.

THE HONGKONG TELEGRAPH. THURSDAY, MAY 25, 1933.

ĮTHE HONG KONG JOCKEY CLUB,

NOTICE.

G

The May Half Yearly General | PARTICULANS & CONDITIONS Meeting of Voting Members will

be held at the Club House, Happy Valley on Monday, 29th May, 1933, nt 6.30 p.m.

I

All Members are cordially in- The following replien havo bocnvited to attend and participate in recolved:

any discussion which may ensue,

By Order of the Stewards.

C. B. BROWN,

Secretary, Hongkong, 16th May, 1933. UNION INSURANCE SOCIETY

TUITION GIVEN,

LEARN HALL-ROOM DANCING at Miss de Coudar's Select Dancing! Academy, 17, Queen's Rond, Latest Stepn

Tango and including the Bomba) taught In Twelve tessons. Special Course for beginners. Private lessons and Practice-Vances daily.

WANTED KNOWN

OF CANTON, LTD. (Incorporated in Hong Kong), NOTICE TO SHAREHOLDERS.

NOTICE IS HEREBY GIVEN that the ORDINARY YEARLY PERSIL for your Unens and delicate MEETING of the Society will be Leo held at the HEAD OFFICE, Union clothes, HK$.55 per packet Haing & Co., Des Voeux Road, 165 Building, Hong Kong. on FRIDAY, Chua Sal Drug Co., Des Voeux Road, 69A, Yuen Hxing Iling, Queen Vict. 20th MAY, 1933, at 11 o'clock a.m., Street, 14, also obtainable from all for the purpose of receiving the

and leading Sundry stores local Report of the Directors and the Department Stores.

Statements of Account to lat December, 1932, and of declaring Dividends, etc.

TO BE SOLD

The TRANSFER BOOKS of the

36 The Peak, lately occupied by Dr. Society will

be CLOSED from

Haraton and adjoining the Peak 9th MAY to 26th MAY, Both Days Reapital. Unfurnished.

Convenient, inclusive. ronifortable and cool. Six rooms and [ressing.room. Four bathrooms, hot and cold water. Modern sanitation. Gas and Electric Light. Use of Tennis Court. Bultable for a Mess of five, or ould be easily divided to ault two souples. Clone to Tram Station and Motor Road. Apply: THE HONG-

By Order of the Board,

PAUL LAUDER,

General Manager, Hongkong, 1st May, 1933.

HONG REALTY AND TRUST COM-THE CHINA FIRE INSURANCE PANY. LIMITED. Exchango Building.

FOR SALE

FOR SALE-FIAT CAR 509, in good running order, hood, Duco Paint and Battery renewed lately. $800.00 nearest offer. Write Box No. "Hongkong Telegraph."

できる

TO LET

LET),

Tungshan

Stubbs Roud, two-story,

or

83.

COMPANY, LTD. (incorporated in Hong Kong).

NOTICE TO SHAREHOLDERS.

NOTICE IS HEREBY GIVEN that the SIXTY-FOURTH OR- DINARY YEARLY MEETING of the Company will be held at its HEAD OFFICE, Union Building, Hong Kong, on FRIDAY, 26th MAY, 1933, at 11.15 am., for the Terracc. purpose of receiving the Report six-raani of the Directors and the

floor,ber,

State-

European house, modern sanitation ments of Account to 31st Decem servants quarters, garage. Apply Messre, Chinu Yueteng, 2nd China Building.

1932. and Dividends, etc,

of declaring

The TRANSFER BOOKS of the from

AIRLIE HOTEL-21-25, Nathan Company will be CLOSED Road, Kowloon. Under European

9th MAY to 26th MAY, Beth Excellent. cuisine. Management. Modern Apartments. Terms Moderate. inclusive. Three minutes from ferry, Tel. 57357.

METALS

of all kinds especially for ship-building & engineering work. Complete stock. Best Terms. Immediate delivery.

SINGON & CO.

HING LUNG ST.

Telephone 20515..

Jimmy's

1. D'Agullar Street.

RETREAD YOUR TYRES

ai

THE HONGKONG TYRE CO., 202 Kenney Rood Telephone 28539

will save you money & trouble.

USE

By Order of the Board,

Days

PAUL LAUDER,

General Manager.

Hongkong, 1st May, 1933.

BRITISH TRADERS' INSURANCE COMPANY, LTD. (Incorporated in Hong Kong).

NOTICE TO SHAREHOLDERS.

NOTICE IS HEREBY GIVEN that the SIXTY-SEVENTH OR- DINARY YEARLY MEETING of the Company will be held at its HEAD OFFICE, Union Building, Hong Kong, on FRIDAY, 26th MAY, 1933, at 11.20 a.m., for the purpose of receiving the Report of the Directors and the State- Iments of Account to 31st Decem- ber, 1932 and of declaring Dividends, etc.

The TRANSFER BOOKS of the Company will be CLOSED from 9th MAY to 26th MAY, Both Days inclusive.

By Order of the Board,

PAUL LAUDER,

General Manager.

Hongkong, 1st May, 1933.

ABSORBINE JR. FOR HONG KONG FOOT

BEWARE

OF THESE SIGNS: Tilching-{{}=tors-Cracke between foas-Scaly dry skin-

Burning spota

Bure symptoms of the contagious dis case Hong Kong Foot. Tho tiny germas that cause this nasty malady get into the skin and spread rapidly, Bo Ante. uan Absorbing Jr. It penetrates the akin, kills the gorms, gives relief st once, atops the itching and heals the sores. One application soothing Absorbine Jr. will convince you. Get a bottle today-complete directions In English and Chinese with each bottle.

of

AbsorbineJr.for yeara has rE- loved skin troubles, sore muk clos, sprains and toothaches

of the Sale by Public Auction to be held on Monday, the 29th day of May, 1933, at 3 p.m., at the Oces of the Public Works Department, by Order of His Governor of Excellency the

one Lot of Crown Land at

Nei Chong in Wong

the for a Colony of Hong Kong term of 75 years, with the option of renewal at a Crown Rent to be Axed by the Surveyor of His Majesty the King, for one

further term of 75 years. PARTICULARS OF THE LOT.

No. of Sa

Intand Lot No.

Begistry No.

3551

Locality.

“Adjoining in and Lot No.

3510, Yuen Yuen Street

0.

Boundary Measurements,

N.

4 K.

As per vale plan

PARTICULARS &

No. of Balo

Abɔat

ม มะล

DESI

R.

$24

$3,870

довом

Upset Frice.

CONDITIONS

of the Sale by Public Auction to be held on Monday, the 29th day of May, 1933, at 3 p.m., at the Offices

Works of the Public

of His Department, by Order Excellency the

of Governur one Lot of Crown Land near Wanchai Gap, The Peak in the for a Colony of Hong Kong term, of 75 years, with the option of renewal at a Crown Rent to be fixed by the Surveyor of His Majesty the King, for one further term of 75 years. PARTICULARS OF THE LOT.

Near Rural Building

Regal Building

Lot No. 372.

Lot No 143.

Registry

Locality.

G.

•d=}x=00

Boundary Measurements

N.

As por sate pina,

PARTICULARS &

About

1q. foo!

2011

Antal.

*** Oper: Price

$1,000

CONDITIONS of the Sale by Public Auction to be held on Monday, the 20th day of May, 1913, at 3 p.m., at the Offers of the Public Works Department, by Order of Ha of the Excellency

Governor one Lot of Crown Land at Lai Chi Kok in the Colony of Hongkong. for a term of 73 181 yeara, commencing fromı July, 1898 with the option of renewal at a Crown Rent to be of iis fixed by the Surveyor Majesty the King, for one fur-! ther term of 23 years, less the

last three days thereof.

PARTICULARS OF THE LOT.

No. of Sate

Registry 3.

Locality.

New Kowloon Inland

Lot No 2118.

Lai Chi Kok.

Bailary

Measure acade

N.

As per ente pisa

Fental

About 30,000

Catents 10

Equare feet.

$414

| Sprot Price {

PEAK TRAMWAYS CO., LTD.

NOTICE is hereby given that the ANNUAL ORDINARY GENERAL MEETING of Share- holders will be held at THE HONG KONG HOTEL, Hong Kong, on FRIDAY, the 2nd JUNE, 1933, at 11.30 .m... for the purpose of receiving the Report of the Direc- tors together with a Statement of Accounts for the year ended 30th April, 1993.

The TRANSIER BOOKS of the Company will be CLOSED from SATURDAY, 27th day of May, to FRIDAY, the 2nd day of June, 1933, both days.inclusive.

.JOHN D. HUMPHREYS & SON,

General Managers. Hongkong, 22nd May, 1993.

WHEN

YOU

VISIT

KOWLOON

SEE

THE

BEAUTIFUL

NECKLACES

and

BRACELETS

JUST

UNPACKI

GUARANTEED

UNTARNISHABLE.

ALSO

THE NEW

PRINTED

VOILES

IN BEAUTIFUL

DESIGNS GUARANTEED

FAST

COLOURS

AT

THE

PREMIER

SILK

STORE

45

PEKING

ROAD,

further that calls for special men- tion by me but after the resolution, which I am now about to propose has been duly seconded, 1 shall be plenued to answer, to the beat of themy ability, any questions which Shareholders may wish to ask.

I now propose the following re- solution:-

LANE, CRAWFORD, LTD. NOTICE IS HEREBY GIVEN that the ELEVENTH ORDINARY YEARLY MEETING OF SHARE HOLDERS will be held in Lounge adjoining the Company's Restaurant, 1st Floor, Exchange Building, tiong Kong, on BATUR. 'DAY, 10th JUNE, 1933, at 11 a.m.

The TRANSFER BOOKS of the

Company will be CLOSED from 30th MAY, 1933, to 10th JUNE, 1933, both days inclualve.

By Order Directors.

of the Board

of

A. W. BROWN, Manager & Secretary Hongkong, 24th May, 1933,

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS, LTD. From LEITH, MIDDLESBRO.* ANTWERP, LONDON and STRAITS.

"BENARTY"

The Steamship,

Consignees of Cargo are hereby informed that all Goods ATO

being landed at their risk into the hazardous and/or extra hazardous Godowns of The Hongkong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wharves delivery may be obtained,

No claims will be admitted after the Goods have left the Godowns, and Goods remaining undelivered after the 1st June, 1933, will be subject to rent.

الم

All claims against the steamer must be presented to the Undersign ed on or before the 16th June, 1983.) or they will not be recognized.

To comply with the General Bonded consignees Warehouse Regulations

A Revenuo Officer in must have attendance when damaged dutlable goods are examined.

All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 31st May, 1933, nt 10 Messrs. Goddard and Douglas.

Insurance has been No Fire effected.

by ..ות.

Bills of Lading will be counter vigned by

GIDB, LIVINGSTON & CO., LTD.,

Agents. Hongkong, 25th May, 1933.

SILVER PRICES "WISHING" · UP

(Continued from Page 9.)

That the Report and Accounts, as presented, including the payment of Dividend in respect of the " year 1931 of $37, together with an Exchange Bonus of $5 per share and an Interim Divident in respect of the year 1932 of $18 per share; an addition of $338,084.04 to Reinsurance Fund and of $480,000.00 to Under- writing Suspense Account, be adopt ed and passed."

Hon. Mr. T. N. Chau: I beg to second the Report and Accounts as presented.

There were no questions, and the motion was carried unanimous. ly.

OTHER BUSINESS.

The Chairman: The next busi- ness in the election of the Con- sulting Committee. Sir Robert Ho Tung, and Messrs. D. E. Clark, A. H. Compton, L. Dunbar, T. E. Pearce, J. H. Taggart, and A. H. White offer themselves for election at remuneration in- creased from 2,000 to $3,000.

ro-

Mr. Ho Kom-tong proposed their re-election, seconded by Mr. D, V. Steavenson and carried unanim- ously.

J. Fleming, La Man-hin, M. K. Lo, Horaco Lo, and W. L. Mckenzie, WM. POWELL'S MEETING

TO MOVE INTO NEW PREMISES

"The result of the year's trading cannot be regarded as unsatisfac- tory when the conditions of trade generally are taken isto consider

atlon," said Mr. J. H. Seth, chair-- man of the Board of Directors of Messrs. William Powell, Ltd., at the 32nd ordinary general meeting of the company, held at the re- gistered offices of the company, 6, Des Voeux Road, Central this morning.

Present were Mr.. J. II. Seth and Mr. E. M. Raymond, directors; Mr. H. Overy, managing director: Mr. W. L. Alexander, secretary; Messrs. Wong Ping-fan, A. Nissim and H. A. Figueiredo, sharehol- Jera.

CHAIRMAN'S SPEECH. Addressing the meeting Mr. J. H. Seth sald:--The report and necounts having been in your hands for some days, I will, with your permission, take them as read,

and will only read the Auditors' Report.

The result of the year's trad- ing cannot be regarded as unsatis. Messrs. Lowe, Bingham & Mint-factory when conditions of trade

carried thows and Menurs. Percy Smith, generally are taken into consider Seth & Fleming, who offered them-ation, in addition to which the

nt a re- rebuilding programmes

out in Ive liouse Street during selves for re-election muneration increased from $1,260

re-elected. the year under review rendered to $1,600 each, were Mr. E. M.-itaymond proposing and this thoroughfare almost impass-

able at times. Mr. Lo Man-hin seconding. THE EXTRAORDINARY MEETING.

That the turnover would be lower than the previous year was Trumediately after, the conclusion of only to be expected particularly as in addition to the conditions the business of the annual general

above Mr. Overy, an extraordinary general referred to meeting, meeting was convened for the purposo, Managing Director, was on leave. of effecting certain changes in the and his absence was reflected in the larger proportionate drop in Articles of Association relating to

outfitting takings compared to Canital and other Regulations.

Tailoring.

The Chairman said: Gentlemen, The Notice convening' this Meeting, which the Secretary has just read, deals fully with the objects for which the Meeting has been called, hut before the Resolutions are put to you there are certain points on which to the ren I should like to enlarge,

sona whimch have induced your Gen- eral Agents and Consulting Coramit- tee to suggest subdividing the shares and amending the Articles of Asso- clation.

true

SALES BEING MAINTAINED, I am glad to be able to report

our sales since 1st March. that last are being maintained and ul- though we are below the figures for the year ended 20th February, the figures compare very 1932, favourably with last year.

You will see that profit and loss account has been charged with $1,420.00 for passages. This re- presents the balance paid deducting $1,000., reserved for

after

last year, for passages for Mr. and Mrs. Overy and a portion of Mr. Mend's passage home, Mr. Mead on the 31st having severed his connection. with the Company

do

DETRIMENTAL TO INTERESTS,

We have felt for some time that the price to which our shares have risen is possibly detrimental to the interests of the Company, by reason of the fact that it must necessarily to hope, even if it does not run off retrict the number of shareholders. as satisfactorily as did 1931, that The proporcod subdivision will have the final outturn will make a good the effect of gradually widening the January last.

field over which our shares are dis- ! HEAVY EXPENDITURE FOR showing.

FITTINGS. tributed and to increase the number of ASSETS INCREASE.

peraons in whose interest it is to

Turning to the balance sheet 1 Balance support An analysis of the

the Company's Activities.

alde not think the ability sub- the Sheet shows that

total of We therefore recommend the

comment. calls for particular approval, as wo Assets, as expressed in Sterling, division for your

will Under the assets you will see th has increased by £120,768. 1. 9, have every confidence that it white as shown in Hongkong Dol- materially assist in maintaining the heavy expenditure was incurred. Iars the rise amounts of $4,073,067.- present prosperity of the Company. during the year for Fixtures and With regard to the Articles of Asso- Fittings. This was necessary on 82. The Investment and Exchange ciation, a revision has been somewhat

of the Company being premises Fluctuation Account discloses an forced up on us by the new Companies account appreciation of $2,251,526.07, owing Ordinance which comes into force a compelled to find new to the marked improvement in the 1st July next. The Articles have and the cost of alterations ne value of our Sterling Investments therefore been amended so as to com-, counts for practically the whole as calculated at prices ruling on ply in ali respects with the provisions of the additions to this asset.

the Lease of the premises at pre December last, Rein of this new Ordinance and, in addi tion, certain alterations have been

Fent occupied by us expires on Fund is up by

the 31st March next, your Direc- $273,249.93 and our Underwriting made so as to ensure the more con-

venient working of the Company.

tors have deemed it prudent to Suspense Account by $252.002.05.

OTHER ALTERATIONS.

write off the whole of the cost of The surplus to be dealt with is $1,415.634.95, out of which has been

the alterations before that date, paid an Interim Dividend of $18 have been fully indicated In the No- and you will be asked to approve

tico convening this Meeting which the appropriation of a aum per share. We now recommend the payment of a final dividend of further, the suggested alterations to of Profit and Loss. Stocks

was circulated to all Shareholders; $2,000 out of the available balance $37 which with an "Exchange" Bonus of $5, making $60 per share in all, will absorb $600,000; We 3rd May, and I do not think that the

the 31st sarance

some

All alterations of any

Da

substance

As

of

On

the existing Articles have been one hand have been depreciated and to inspection at this Office since the stand in the books at present re-

!

further recommend the addition of new Articles call for any special com- placement value with the excep

tion of stock not easily saleable Fundment from myself. $335,684,04 to Reinsurance

shall be peased to ans However,

which has been written down to and the transfer of the balance,

n figure at which it can be readily amounting to $180,000, to Under wer any questions sharchoders may writing Suspense Account to close desire to ask and further, if any one disposed of.

has an amendment to suggest, com- 1931 and previous years. The balance of $2,122.160.49, at credit within the purview of the resolu- tion, then same can be put to the of 1932 Account, allows of the pay- Meeting in the form of a resolution ment of the usual Interim Dividend and, if passed, can be incorporated in of $18 for that year.

the copy of the Article which I shall sign for identifiention before the re solution in proposed,

EXCHANGE BONUS.

The General Agents and Con- sulting Committee trust that Share- holders win continue to take cognizance of the note appearing in the Report with regard to the "Exchange" Bonus,

for should our friends across the Pacifle be successful in “wishing” the price of Sliver up to any ma- terial extent this Bonus must ne- cessarily disappear..

Payments in advance include the portion of Mr. Mead's salary and passage chargeable to the current year.

After making due provision for your bad and doubtful debis, Directora are satisfied that the There were no questions, and the amount at the debit of sundry deb- Chairman said:

tors in recoverable. I now propose the following re- solution:-

"(1) That the existing 10,000 shares in the capital of the Company of the nominal value of 1250 each, upon which the sum of $100 has been paid up,, be stelded into 60,000 shares of the nominal value of $10 rach upon which

NEW PREMISES.

I have referred to the expiration of cur present lease and negati- ations are now proceeding for new and suitable premises. It is the of your Directors, if credited a maid up rem of 120 shall be intention

Seconded by Mr. Ho Leung the Re- suitable arrangements can rolution was, carried unanimously, made, to enter into a long agree-

The Chairman: I now propose the, mont. following resolution,

1

be

I will now formally move that

(2) Thato and from lat day of the report and balance sheet as

July 1985 the regulations contained in the printed deument submitted to the mesting presented be adopted and that and for the purpose of Mentification endu

the balance standing at the credit scribed by the Chairman thereof be ap proved and adopted as the Articles of As of profit and loss account be sociation of the Company, in subetitation of dealt with as follows:-Write off the Company, in subalitution for, and ta

the exclusion of, all the existing Articles Fixtures and Fittings $2,000.; thereof,

per pay a dividend of 10 cents solution was carried unanimously.

Seconded by Mr. Ho Leung the Re-ehare to Shareholders on the

Extraor

As you know the two resolutions Register absorbing $4,200; and just passed at this Meeting require carry forward $1,238.20.

After this resolution has been confirmation at a further linary General Meeting which will duly seconded I shall be pleased be convened at this office at Noon on to answer any questions share- th June and I would ask you all to holders may like to ask to the best

resolutions

There are two other matters which I have to bring to your at- Lention, though already advised to you by means of the Notice con- vening this Meeting; the first is Direc- the suggested increase in tors' fees from $2,000 to $3,000 per amum (totalling $24,000 against $16,000 as previously), and the scond the raising of the Auditors' remuneration from $1,250 to 31.500 per annum.

In spite of the fall in exchange the Members of your Consulting Committee have received no aug attend such Meeting for the purpose of my ability. of confirming mentation of their fees since the

just passed, That concludes the Mr. H. Overy seconded and the year 1921 and, in view of the growth of the Company'r Assets

business of this Meeting, Gentlemen, motion was carried unanimously.

The re-election of Mr. J. H. 1. I thank you for your attendance, I since that date, think you will Present were the Hon. Mr. J. J. Seth as directer was proposed by allow that an increase is mora Paterson (Chairman). Mesars. A. H. Mr. H. Figueiredo, seconded by thun justified. The addition to Compton and J. H. Taggart (Mom Mr. A. Nissim and carried un- the Auditors' fees of $250 por tors of the Consulting Committee). animously. annum, for ench Firm, brings their Mr. F. C. Hall (Secretary), and the

Besara Linstead and Davis wate remuneration up to the figure paid following shareholdern: Hon. Mr. Tre-elected auditors on the motion by other Companies of our stand- Chau and Mesara. Ho Leung, Lo of Mr. Figueiredo seconded by Mr. Choung-in, E. M. Raymond, J. II.

Ing.

"I do not think there is anything

the two

Beth, D. V. Savenson, Ho Kom-tong. Wong Plug-fan.

1