1935-04-30 — Page 18

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CLASSIFIED ADVERTISEMENTS

25 WORDS $1.50 for 3 DAYS PREPAID 50 cents for Every Additional Day

Alternato Insortions 20% Extra.

If Not Prepaid a Booking Fee of 50 cents is Charged.

WANTED KNOWN

jair-

PERMANENT-WAVING, Jetting, Mureel waving, also Men's department Expert Beenned operators from America, Moderate prices. Minnie's Beauty Parlour, 182, Nathan Road, Kowloon. Telephone 50044.

PICTURES! PICTURES! Spring Ex- hibition of Water Colours opens on Taenday, April 30th, in our Art tinltery Chater land, for 10 days only. Koor & Kumor.

SITUATIONS

WANTED.

YOUNG MAN good at typewriting and shorthand. English comproa|tion, etc. eks POSITION WHL good firm in any enparay. Wil areopt nominal salary in order to prove capabilities. Please

with Box No. 262, "Hongkong Telegraph,"

TO LET

LARGE ROOM in the Morning Post Building, suitable for utice or stock. room. Apply Manager, South Chine Morning Post,

TO LET. OFFICE ROOM, at Hong- kong Stock Exchange, 10, Ice House Street. Apply to the Secretary, Hong- kong Stock Exchange.

FOR IMMEDIATE OCCUPATION fully furnished house in best part of Kowloon. Please write Box No. 244, "Hongkong Telegraph."

TO LET OFFICE ROOMS Kayanmlly Building.. wverlooking Queen's Road, Centrál, Also big fvö room House, Hart Avenue, Kowloon, and Flut at Saifee Terrace, Nathan Road, Kowloon. Apply Kaynmully & C'

SHARE PRICES

The following Is the list of local share quolation issued this morn-

---

Banks.

II.K. Banks, $976/80 sa H.K. Banks (Lon. Reg), £124

Chartered Bank, £144 n. Mercantile Bank, A, and B.

£31 n.

Mercantile Bank C., £131⁄2 n. East Asia Bank, $81. Am: 0. Finance Corp. Sh. $16 n. China O. Fin. Ord. Sh. $1.80 n. China O. Fin. Pref. Sh. $11⁄2 n.

Insurances.

Canton Ins., $215 2 Union Ins., $350 n. China Underwriters, 81 n. China Fire, Sion s.

I.K. Fire Ins., $200 5, -Internal-Abree.--8h, &-3

Shipping.

Douglas, $ .

II.K. Stambouts, $6 s. Indo-Chinas, (Prof.), $30 n. Indo-Chinas, (Del.), $33 n. Shell (Bearer), 5-1/41⁄21⁄2 n. Union Waterboats, $11

Mining. Antamoka, 75 cta. n. Balatocs, $35 n.

Baguio Gold, 21 ets. n. Benguet Consolidated $11 n. Benguet Exp., 10 cts. n. Benguet Goldfield, 10 cts. n.

Big Wedge, 8 cts. n. Gold Creek, 30 ets. n.

Gold River 7 ets, B.

Ipo Mining, 85 cta, n. Itogons, 30 cts. n. Salacot, 12 cta. n.

Kailan, 18-n.

Langkats (Single), $14 n.

Shai Explorations, Sh. $1% 0.

S'hal Loans, Sh. 35% n.

Raubs, $52 8.

GREEN ISLAND CEMENT COMPANY, LIMITED.

2

THE HONGKONG TELEGRAPH. TUESDAY, APRIL 30, 1935.

NEW ADVERTISEMENTS. CHINA PROVIDENT U.S. COMMODITY

UNION INSURANCE SOCIETY

OF CANTON, LTD. (Incorporated in Hongkong)

Notice to Shareholders,

NOTICE 15, HEREBY GIVEN.

MEETING

CANTON POLICY

INJURIOUS

PRICES

LATEST CABLED

QUOTATIONS

The following quotations on the New York commodity exchange-are insued by Router:

May July October

New York Cotton Apr. 27.

11.85

11.89

11.41

11.47

that the ORDINARY YEARLY LOSS ON TRADING MEETING of the Society will be held at the HEAD OFFICE, Union Building, Hongkong. on FRIDAY, | 24th MAY, 1935, at 11 o'clock a.m., for the purpose of receiving the Report of the Directors and the Statements of Account, to 31st NOTICE IS HEREBY GIVEN Dividend, etc.

December, 1934, and of declaring that the 46th Ordinary Annual

The TRANSFER BOOKS of the Mieting of Shareholders will be Society will be CLOSED from held at the Offices of the Company 8th MAY in 24th MAY, Both Daya Exchange Building. Des Voeux!

Inclusive. Road Central, Victoria, Hongkong. on Wednesday, the fut day of May, 1935, at NOON, for the purpose of recelving a Statement of Accounta and the Report of the Directors; for the year ended 31st Dee:mber,¦ 1984,

Presiding at the annual share- holders meeting of the China Provident Loan and Mortgage Co., December Lid, this morning, Mr. C. A. da January (1036) 11.49 Roza referred to adverse effects Afurch Spot on the augar and flour trades an a result of the operations of the Kwangtung Government Monopoly. May Bureau, and remarked that until July Auch time as mands of the consumer in China.

the economic de- September

October could successfully induce a change January,

December

The Transfer Books of the Company will be clased from Tuesday, the 23rd April, 1935, to Wednesday, the 1st May, 1935, both days inclusive.

By Order of the

Board of Directors.

T. C. T. BECK,

Secretary. Hongkong. 3rd April, 1935.'

Venz Golfield. $5 n.

Docks etc.

By Order of the Board,

A. W. HUGHES.

General Manager. Hongkong, 30th April, 1935.

THE CHINA FIRE INSURANCE

Mr. da Roza roferred to egono.' July mies which had hres effected by, September reductions in staff and salaries. and also in the voluntary reduction of the Directors and auditors May' fees. He also stated that the

September Company's overdraft had been re duced from $385,000 to $321,000.

POST

Calcutta and Straits Manila

OFFICE.

INWARD MAILS.

Eurong via Suez (Letters & Papers) London, 4th April-and London Parcels-London, 28th March,

11.42/42 U.S.A., Canada, Japan and Shanghai

Emp. of Russla Hocang

May 1: May 1.

Ranpura

May

Canson

Muy

General Pembing

May .

Jeypure

May 3.

Pros. McKinley Ranchi

May 3.

May a.

OUTWARD MAILS.

Jer Tuesday.

Date and Time

Tal Ming...Tues., Apr. 30, 4 p.m. Pres. Cleveland

Tues Apr, 30, 430 p.m. .Tues., Apr." 20; 8 *p.nl.

Bellerophon Wed., May 1, 9.30 a..

Thisminne

Hangsang

Seistur

Taiyuan

Wed, May 1, 10.30 a.m.

Wed., May 1, 2.30 p.m.

Wed., Miny 1. 3 p..

Wed, May 1, 3,30 p.m.

Apr. 90,

11.76/79 Ifalphong

11.82/82 Manila

1137/37 Japan

11.40/40 (Seattle, 13th April)

11.67

14.25

11.53/53 Japan and Shanghai 12.20

·New York Rubber

11.05

11.62/02

11.78

11.78/79

For

11.02

11.09 b.

11.08

12.12

12.18

12.18/18

11.07/97 Sanshui and Wuchow 12.11/11 Manila

of Government polles, it was, Total mules:-612 lots “difieull" toTM foresee any improve="

Chlengo WheatTM ment in the present position.

Anoy

Thawa

May

บ

00% DAZK

0014 BON 99% 100% 10014 Saturday's sales:-14,690,000 bushels

Chicago Corn MO

70% 80

OD 14

Wednesday.

Straite Amoy

Poochow via Swxfew

Swatow

89% 8.1%

804

Amoy

H

80% Straits

Winnipeg Whent

88% 88% AR 90 New York Silk

88*

B0

1.34 132 1.34 1.31 1.82 1.31

1.33 1.3214 Lise

Hunnn.... Thurs., May 2, 1.30 p.m. Hydrangea....Thurs, May 2, 3 p.m.

Friday.

Total pains:-12.1ots

Mantren Silver

77.36

.Fri., May 3,

78.00

78,50

80.26

75.000/70.10 77.15/16 77.85/90 70.00/00

Parcels.

(1ue Brisbane, 20th May).,

KEK..

...May 2.6 p.m. Mny, 8.16 A..

Letters,

May 3, B30 4.37.

Apr. 29. 6.90 18.50

Shanghat, Japan, Canada, U.S.A., C. Emp. of Russia

and S. America and Europe via Vancouver B.C. (Parcels Canada only) and Europe via Siberia, (Dac, Vascouver B.C., 20th May).

Superscriveu correspondence only.,

..Fri, May 3,

for

Parcels,

May 2, 5 p.m.

Iteg.. letters,

May J, 9.15 a.m.

.May 3, 10 n..

July

Thursday,

... Cremer....Thurs., May 2, 930 a.m.

Saturday's sales:-6,261,000 bushels | Amoy and Formosa via Swataw Deli Maru..Thurs., May 2, 10.30 a.. Bangkok, Batavia, Mauritius, Houtman..Thurs., May 2, 10.30 ..

Reunion, Madagascar and South Africa

May

July

Shanghai, Japan and Eirupo vla Rampura ...Thurs., May 2, 10.30 a.m.-

Sibaria Foochow via Swatow Swatow

Manila, Rabaul, Australia and New Nellore ....

Zenting vm irisbane.

COMPANY, LTD.. incorporated in Hongkong)

CHAIRMAN'S SPEECH Notive to Shareholders.

The Chainan said:-Gentlemen, The report and accounts having been NOTICE IS HEREBY GIVEN

in your hands for the prescribed time, May I propose with your consent to take July .... that the SIXTY-SIXTH ORDIN them as read. in the course of my September ARY YEARLY MEETING of the speech at the last annual general Company will be held at its HEAD | meeting. I had occasion to refer to OFFICE, Union Building, Hong-pince in the volume of those partien- the heavy decrease which had taken

May kong, on FRIDAY, 24th MAY, 1935, lar cargoes then offering for storage July ** at 11.20 a.m., for the purpose of and on which this Company so largely September receiving the Report of the depends for its revenue; and it is with December.....

Total sales:--162 contracty n.Directors and the Statements of regret that now have to report a

New York Metals of that state of affaira continuunce Account to 31st December. 1934, during the past year, with correspond-

Apr. 27 and of declaring "Dividends, etc.

ing effect upon the working results of Copper January The TRANSFER ROOKS of the this Company.

{Tin January Company will be CLOSED from this Colony have been seriously affect~ |

Both the sugar and flour trades in 8th MAY to 24h MAY, Both Duysed by the operations of the Kwan part of which he was absent from the NEW YORK STOCK approach the 12-cent loan levels. inclusive.

n.

HK. Wharven Cum, ria, $90 H.K. Wharves Ex-rights, 300 ILK, Wharves, Rights, $10 n H.K. Docks, $9% n. Providents (old), $1 n. Providents (new), 20 cts. tt. Hongkewa (old), 'Sh. $267% 1. Now Engineerings, Sh. $5 n. Shanghai Deks. Sh. $110 n. Colton Mills.

Ewo Cottons, Sh, $8,30 n. Shal Cottons (old), Sh. 868 n. Sal Cottons (new), Sh. $42 n. Zoong Sings, $8% n., Wing On Textiles, Sh. $65 n. Lands, Hotels, etc.

H. and S. Hotels, 4.05 h, 1.K. Lands, $37 n.

HK. Land 4% debentures, $100

Shai Lande, Sh. $2014 n. Metropolitan Lands, Sh. 310 n. Humphreys, $914_n.

II.K. Realties $1.85 n. Asia Reallies "A" Sh. $75 n. As Realties "P" Sh. $10 . Chinese Estates, $90 n. Chira Reulties, Sh. $7 n. China Debenture, $123 n.

Public Utilities. H.K. Tramways, $121⁄2 sa. Peak Trams, Cokl), 8 D.

Poak Trams, (new), $6 n. Star Ferries, $89 n. Yatanti Ferries, (old), $22 9. China Lights, $8.70 b.

1.K. Electrivs. $61 b. and sa. Mação Electrics, $26 n. Sandakan Lights," 56" 9. Telephone (old), $20 su. Telephone (new). $0.40 s China Busen. Sh. $116_n. Singapore Tractions, 10/3 n. Singapore Pref. 20/6 n.

Indutrials.

Malabon Sugars. $8.50 n. Cald: Mac. (old), Sh. $1919 m. Cald: Macg. (Pref.). Sh. $143% Canton fees, $1.80 sn. Cement (Converted), $7.40 . H.K. Ropes, $2. n.

Stores, &c. Dairy Farm, $16 R. Watson, $3.50 1.

Lane Crawfords. $3.50 m, Mackintoshs, $21 n. Sinceres, $8.

Wm. Powells, 70 cta, n. Wing On (H.K.) $105 m.

Miscellaneous.

Amusements, $1.86 n.

H.K. Entertainments, $6.40 n. 9. C. Enterprise $1.35 n. Macho "Greyhounds," $2 n.

By Order of the Board,

A. W. BECHES,

General Manager. Hongkong, 30th April, 19835.

FRITISH TRAPERS" INSURANCE]

COMPANY, LTE. tacorporated in Hongkong)

Notice to Shareholders.

Lung Government Monopoly Bureau, nmdën large number of merchants who have for many years past dealt henvi. ly in these commodities have been compelled to suspend trading owing to the discriminatory preference which has been conferred upon cargoes lm, ported by and under the ayns of the¦ Bureau,

The bulk of Bureau sugar imports into China from Java are now transit feargoes, utilising lungkong as a port of transhipment only sown petsang a most redival change in the old order

i

Colony.

7.02 49.66

Your Board feels, however, that the duties and responsibilities attaching to the conduct of the Company during times such as are now experiene- ing, are in a way jess araubus (90) Important than in good timen; but rather the contrary conditions eltuin, and they desire the concession to bó considered as a share of the sacrifices which all those concerned with the Company Intve been called upon to make.

nominal suni

of

You will hote, on reference to the of things, whereby Hongkong was the General Reserve Account, that the dis main centre or destro. Although, positions of this account have been to a lesser extent, the flour trade inde in accordance with the agree has been affected by the keen com- ment reached at the last annual meet NOTICE IS HEREBY GIVEN petition offered by Shanghai milled ing; and it will be seen that Furniture that the SIXTY-NINTH ORÐIN. Filour which enjoys tarif preferency & Equipment Account has now been ARY YEARLY MEETING of the on importation into China over the deprecinted

Canadian, Australien anul American $1,000. Company will be held at its HICAD products which have hitherto hell the OFFRE, Union Buildbag, Bong- South China markets, via Ijongkong ! ikong, on KitDAY, 24th MAY, 1935, ns a depot for stocks. Fat 11.25 a.m.. for the purpose of receiving the Repart of the Directors and the Statements ofi Account to 1st December, 1934, and of declaring Dividend, ete.

The TRANSFER BOOKS of the [Company_will_be_CLOSED_from Mth MAY to 24th MAY. Both Days ineturive.

By Order of the Board.

debit

of

|

EXCHANGE

MARKET ERRATIC

YESTERDAY

Rubber: The market acted wall

Notices. The Under $33

primary markets were steady.

Uncertainly regarding the silver out- come, the Processing Tax and Japan. ese importa were niverse influences. An estimate of the All-India cotton crop indicates an increase of 4,807,000 bales, The crop outlook here is norant.

Whent: A Minneapolis journal survey of the crop in Minnesota and Dakota indicates that it in the best New York, Apr. 20. New York and Chicago commodity shows a decrease of 3,000,000 bushels. in five years. The visible supply reports received through Messrs. Swan, Culbertson and Fritz: The Supplies in the interior, mills and elevators total 68,920,000 bushels, Wall Street Journal report on yester compared with 87,203,000 bushels last day'a market-Stocks were erratic and dull, mostly due to easier silver, year. There was a good cash demand. Corn: The market was strong on plus the fact that the American Iron the

immediate statistical position. and Steel Institute had reported a The visible supply shows a decreme decrease in production by i points of 848,000 bushels. to 43.1 per cent of capacity. The market was also influenced by Pre- sident Roosevelt's insistence on the elimination of holding companies. Prices rallied toward the close on buy. ing of railroad Issues due to the fact that the Supreme Court had failed to decide on the Pension Act. The Reater: fact that Traders had decided that the Dow Jones Averages silver outlook is still very favourable. Treasury,

niso responsible 20 Rails factor for the rally.

20 Utilities S. C. & F.. New York adico-enbles Bonds Store stocks responded to Sear 11 Commodity Roebuck's 32 per cent in April sales. Index Utility and metal isstres were also in 18 Leading Stocks better femand. M activity ik Patinated at 4.1 per cent of capacity, Amer Smelting compared with 44.6 per cent the Auburn previous week. Commerein) Solvents Cane, J. I. have earned 21 cents mes share for El Be Sh the first-quarter against 24 cents last Gen Motors year.

In Tel & Tel New York & Chicago commodity Mentgomery Ward reports received through Messrs Nat Distillers Swan, Cutkertson & Fritz:

N. Y. Central Cotton: Buyers hesitate as prices U.S. Steel

REUTER QUOTATIONS The following quotations are

CLAIM LOSSES Reference to the balance sheet jallows that our Property Account has

been reduced by the sum of $1,500 BEYOND LOCAL CONTROL

† which 'represents the net book value. It might be considered out of place of the pier adjoining M.L. 240 and for me to offer any criticism of the which, as noted in the schedule on the policy adopted by the Kwangling reverse side of the accounts, has been Government in this respect; but it is demolished. Contingency Reserve Ac-in spite of silence on part of the 30 Industrials essential that 1 bring the situation to

has count your notice in order that you may $57,549.67 which represents claims,

received better--appreciate the factors-which-in and storage accumulated-which have so rgely contributed to the owing to unforeseen circumstances, it result which is now before you has been found impossible to recover. factors over which Hongkong, re This Agaro arose in the ordinary grettably, has no control. Until such courge of trading, and constitutes” t time as the reonomic demands of the loss of the type and for the purpose consumer in China enn successfully of which this Contingency Reserve Induce a change in this policy, it it Account was originalty created. It is Manager.dificult to foresee any improvent extremely unfortunate that while the

in the present position,

cause could hurdly have been pre- Turning to the credit side of the vented, the recovery was frustrated Profit and Loss account, it will be by the sudden bankruptcy of tho Com- A Thanksgiving Service in connee-

noted that interest on loans hows pany concerned. tlon with the Silver Jubilee of H. Ma slight reduction on the figures for the King will be held at the Moham the previous year, and that the melan, Mosque, 30 Shelley Street, on

rentals derived from our Kowloon and Friday, May 3, xt £ p.m.

Aberdeen properties show a decrease of some $5,000. During the latter outerunding half of the year under review, it was decided to close six of our Kowloon houses in view of the poor support received in that district.

A. W. HUGHES,

General

Hongkong, 80th April, 1995.

..

Constructions (old), $1.40 n. Constructions (new), 45 eta. n. Vibro Piling, $5 s.

Ch. Govt. 6% 1925 G. $ Bonda

93% n.

11.

1.K. Govt. 4% Loan 62% prem. I.K. Govt. 4% Loan 25 prm, n. Wallace Harpers $6 R.

"Do you feel tired?"

Drink a glass of

MALTA

when you go home..

MALTA restores energy & makes a good nights rest certain...

GILMAN & CO., LTD.

Ice House Street

AGENTS

· MASTERS ··

MALTA

ARCHIPELAGI HALNEAZ

· COMPANY LIMITED

· SINGAPORE

Overdraft at Bank, which stood at $385,000 on the data of the accounts; uns since been reduced to $321,000,

Under Assets, it will be noted that i

at December

1st, 1954, Patalled $59,991.32, and in this case too, the amount then invloved has been reduced to approximately $1,000 today.

The debit items on Profit & Loan account contain the amounts charged i TRANSPORT SERVICE by way of interest on mortgage and The Company's motor transport would remind you that in the first earnings and a most atisfactory net ovdķiraft, and in this connection I servico has continued to show good

profit on the small amount of capital involved. The increasing popularity of this service has been of substantial assistance to our shipping and go down sections, and a continued do- velopment of this branch of the buxl-, ness in confidently anticipated.

quarter of the year, we liniilutel 10 of our mortgage debts $449,000, by utilising our available cash balance and overdrawing on our bankers for the remainder. This explains the re- appearance of Overdraft Account in sur balance sheet now before You, and also the reduction in mortgages an property. A saving in outgoing interest has resulted from this trans action, to the extent of $3,670 for the nine months following the repayment,

LOWER EARNINGS

The net earnings of our godowns were 47 per cent, lower than for tho previous year, and it is not surprising, therefore, that in spite of drastic economies which your Board have in- troduced during the year, the ex- pense of maintaining and operating the Company's properties and business. should bear so high a relation to the ravento Agures.

The economies referred are en bodled in the Working Account, and, comprise reductions in staff and staif salaries, a well as the closure of one

A

&

I do not think that there are any other items in the accounts which call for special comment by me, and I will therefore close by making the formal proposals:-"That the Report Accounts for the year ended 31st Dovember, 1934, as presonted be adopt- ed; and that the sum of $68,622,78 be carried forward to the credit of 1933 account.”

If a shareholder will kindly second that Resolution, I shall be pleased to answer to the best of my ablity any questions having reference to the ac counts that you may cate to ask.

The adoption of the report and atatement of acounts was neconded by Mr. J. Tam Hung and carried un animously.

OTHER BUSINESS

of the last remunerative of our On the proposal of Mr. Figueiredo, godown properties at Kennedy Town; seconded by Mr. D. L King, Mr. P. and it must be remembered that asal. Hodgson and Mr. N. V. A. these envinge were only made effective Croucher were re-elected Directora. during the latter half of the year, Mosara Linstead and Davis and the full bonellt will not be obtained Messrs. Percy Smith, Seth and Flum- until the current year.

Ing were re-elected auditors, on the Before dealing with the balance proposal of the Chairman secunded by sheet, gentlemen, I wish to mention Mr. T. B. Wilson. that your Directors, appreciating the The Chairman announced that the necessity which prevalia for reducing auditors had agreed to reduce their expenditure to the utmost, have remuneration. voluntarily agreed to a reduction of

Those present were:-Mr. C. A. du their fees, for the past year, by the Roza (Chairman), Sir Robert Ho sum of $3,000, and the figure shown Tung, Mr T. 1. Wilson, Mr. S. M in the Profit & Loss Account, namely Churn, Mr. N. V, A., Peraghan the $1,541.10 consists of this ameant plus Hon. Mr. J. P. Braga and Mr. Li Two- a further $841.10 being foos returned fong (Directors), Mr. D. L. King by Sir Robert Ho Tung in respect of (Secretary), Me. H. J. M. Figueiredo the year 1033, during the greater and Mr. J.. Tam Hung (shareholders),

FOURTH ANNUAL

30% OFF

by

Apr. 27.

Apr. 29.

j09.08

160.91

31.30

30.00

18.28

19.50

9818

95.17

K0.53

G0.80

Apr. 20.

4-44

20

659

6

30%

774

20

26

10%

33

Sale

PEKING RUGS

THREE WEEKS ONLY

IT IS YOUR BEST OPPORTUNITY TO BUY

PEKING ART RUG COMPANY

TEL. 56981

32.NATHAN ROAD, KOWLOON

SWAN, CULBERTSON & FRITZ

Investment bankers and brokers in securities and commoditi► Dally New York and London Stock Exchange Service. Commodity Futures on the principal American marketi

Members of:

New York Cotton Exchange. Chicago Board of Trade, Commodity Exchange, Inc.

Stiver, Rubber, Silk, Copper, Hides and Tim): New York Coffee. and Sugur, Exchange.

Canadian Commodity Exchange In

Winnipeg

Grain Exchange. Manila Stock Exchango,.

Correspondents for Hayden, Stone & Co.

I slephons: 80244, 80245, 80240. Cable Address: Swansto

9, Queen's Road Central. (Corner of Ice House Street).