1936-04-02 — Page 21

In every country of

the world, people of discerning taste acknowledge the

pre-eminence of

STATE EXPRESS 555

CIGARETTES

MORRIS

EIGHT

ATTRACTIVE

COMFORTABLE

ECONOMIC POWERFUL

RELIABLE

-

A PLEASURE TO DRIVE.

DODWELL & CO., LTD.

SHOWROOM, ICE HOUSE STREET.

TELEPHONE: 28026

FRECKLES AND HIS FRIENDS

THAT OLD MAN EVIDENT- LY KNEW THE TREASURE WAS "THERE OR HE WOULDN'T HAVE ACTED

THAT WAY Ź

GOSH, I NEVER SAW SO MANY GOLD PIECES

IN ONE PLACE

BEFORE !!

I BET HE'S A MISER!

1.

THE HONGKONG

CHINESE ESTATE COMPANY

EXCELLENT RESULTS

REPORTED

FOUR INTERIM DIVIDENDS

A net profit of $05,319.04 was re- parted by the Directors of Chineno Estates, Limited, at the annual meet- ing held at the Company's offices in Chinn Building this morning,

TELEGRAPH. THURSDAY, APRIL 2, 1936.

Mr. Leung Kwai-in, Chairman of the Board of Directors, presided at the meeting, others present being Dr. R. II. Kotewall, Mr. Li Yau-taun, Mr. Foo Yik-pang, Mr. Lau Tak-po, Mr. Fung, Ping-fan (Directors), Mr. Fung Ping-wah, Mr. Le Chung-wan, Mr. Ll Koon-chun and Mr. Kenneth Fung.

Addressing the meeting, Mr. Leung Kwai-tin sald:-Gentlemen. As the report of the Directors and state- ment of accounts have been in your hands for the prescribed period, I will, with your permission, take them as read. On the balance sheet the Auditor of the

Mr. Li Tung.

reports ng Company report that

I have audited the above

Balance Sheet with the books and vouchers of the Chinese Estates, Limited, and have received all the information and explanations I have required. In my opinion, auch Balance Sheet is pro- perly drawn up so as to exhibit a true and correct view of the state of the Company's affairs ag at 29 February, 1936, according to the best of my information and the explana- tions given me and as shown by the books of the Company,"

YEAR'S PROFIT

to

Cow 1

The net profit for the year, after providing for Reserve for Deprecia tion on China Buildings ($40,000.00), Bad and Doubtful Debts ($10,000.00), Directors' and Auditor's Fees and All

expenses, amounts $15,319.04 which, added to 464.08 brought forward from last

$287 necount, makes a total of $382,784.02. The nut profit, as compared with that of the previous year, shows decrease of $23,324.40. This in due to the continuance of the general de pression which has affected all rentals. In the Colony. There is China Buildings a large number of vacant rooms, including the whole of the eighth floor which has been un occupied for over a year. Another reason for the decrease in the net profit is the increase of $10,000.00 in the appropriation for Reserve for Depreciation China Buildings. This step was taken on the advice of the Auditor of the Company, who considers that in these bad times, with the future so uncertain, it would be advisable to adopt a conservative policy in regard to reserves, 1 trust that shartholders agree with this no- licy. Against this decline in rental, I am glad to report that our over. head expenses have, by the exercise of strict economy, aven reduced by over $7,000.00.

on

NEW TENNIS FASHION FOR LADIES

The New Tennis

Fashion

"Shorts" are to be in fashion again for tennis girls this sum mer-but "shorts"

with difference.

The new model is a one-piece dress with divided skirt. In- stead of being made in white it is designed in a variety of attractive checks and self- tones.

Already several leading players have chosen them. They will

wear the now costume at the early summer. tournaments.

But now they are wonder- ing "What will Wimbledon say....?

U.S. FLAGSHIP ARRIVES

ADMIRAL TO BE

ENTERTAINED

DEATH

OF MR. M. A. COOPER

UNIVERSITY LECTURER

PASSES

Wo deeply regret having to record the death, which occurred at the Victoria Hospital shortly after seven o'clock last night, of Mr. M.A. Cooper, B. Com., Lecturer of Economics at

the Hongkong University.

mander-in-Chief of the US. Asiatic Admiral Orin G. Murfin. Con- Fleet, arrived morning aboard his fiegahip, U.9.5. in the Colony. this

Augusta. The customary salutes The late Mr. Cooper, who was only Hoover, U.S. were fired, and later Mr. Charles L. | 31 years of age, first came to the Hongkong. and Commodore C. Ga member of the staff of the Univer Consul-General in Colony in 1930 when he was appointed Sedgwick paid their courtesy calls sity. He had been

in indifferent on the Admiral. The calls were health for some time following a subsequently returned. To-morrow nervous breakdown shortly after his morning, Admiral Murfin will ex

return from leave a few months ago. change calls with ilis Excellency th Of a quiet disposition, and of Excellency the G.0.C., Major Cooper was extremely well-liked by Governor, Sir Andrew Caldecott, and sterling qualities, the late

Mr. General A. W. Bartholomew.

Except for a short visit to Canton, Admiral Murfin will remain in the Colony until Sunday, April 12, when he will proceed to Amoy.

Law and Commence in the Colony,

late

Mr.

those who knew him, and the fnet that he was

held in high esteem by the undergraduates and staff of the University was evidenced by his re- cent election jas one of Li: Vice- FOURTH DIVIDEND

The local American community Presidents of the Arts Association for There have already been three pay. has arranged a programme for the the ensuing He

was also a meuta. of Interim dividends, gach of entertainment

year. of the Admiral and $2 per share, amounting in all to 38.

former President of the University. his officers during their stay here. A

Commerce Society, Your Directors are now pleased to tea dance will be held on board the During recommend the payment of

final U.S.S.

Augusta from 4 to 6 p.m. dividend of $2 per share, making a

to-morrow, and in the evening the interest

active Cooper took an total of 38 for the year. This final visitors will be entertained to a din anthropic work, and in particular he in charitable and phil- dividend will absorb $33,000.00. The nor party at Repulse Bay by Mr. and

will be remembered for his untiring reason for the decision of your Dirce... | Mrs. _J._H1 Taggart turs in making three payments of On Saturday, the American com-

and devoted energies in the interests of the Society for the Protection of interim dividends is that many share-munity will give a reception for the

Children. holders have expressed the wish to visitors at the American Club from have as many interim dividends paid 5 to 7 pm., after which a dinner to them as the Company's financial party will be given by His Excellency position could justify, owing to the Admiral Sir Charles Little, C.-in-C bad tintes and to the insignifleant of the China Flect. raten of interest paid by the banka on cash deposita.

Dunbar will entertain the visitors to The following day, Mr. and Mrs. The total amount of dividends that a luncheon party, and in the evening hus been paid and proposed to be paid, Mr.

and Mrs

Charles L Hoover will exceeds the amount.of net profit for give a dinner at their house, "On the year; but as the balance of Profit Lee." Pokfulam.

Loan Account carried forward to Admiral Murin will leave for next year is over $250,000.00, your

Canton aboard his yacht, de Isabel Directors consider that this slight en- on Monday, April 6 and will return croachment upon our surplus is just here three days Inter. He will leave fied. Should, however, the present de Hongkong for Amoy on April 12, pression anturtunately continue, they may not feel it safe to recommend the same dividend next year.

It may be interesting"

10 share.

halders to know that in the latter

PRISON SCANDAL

Jefferson City, Apr. 2.

The funeral will take pinet; to- morrow, passing the moumont at 5.15 p.m.

EXCHANGE RATES

Milan. Athens...

Shanghai New York. Amsterdam. Vienna... Prague. Bucharest, Madrid.

15.20 12.30

Paris.

Bartin..

Geneva.

Mar. 31. 76.7/64 .16.21

Apr. 1. 75.7/64

.1233

.62%

62.0/16

518

FAT 521

1/24

7.19

4.05 4.95.18/16

7.29

201

264

119% .670

119

.301

110

1/392 .1/04

20.27

217 20.27

1/0 20.26 .30.7/18. 30.7/16

4.981

Missouri penitentiary officials to Lisbon.

part of 1933 your Directors elected day admitted that a baby girl had from among themselves & Committee, been born to Clara Fish, 25, a razor

of three members to assist in the murderess and inmate of the women's Bombay.

nnnwer

30

A20

- €170

1101

1/82

212

Brussels. management of the Company. The prison here since 1934-United Press. Monte Video. servicos ao rendered have been entire ly honorary, and have been of material When the motion has been seconded, Montreal. Belgrado. benefit to the Company, The Com-I shall be pleased to

Any Yokohanin. pany is therefore indebted to the questions that may be put to me.

1/2.1/32 genilomen who

Rio.... have formed this Mr. Fung Ping-wah seconded the

414 Committee, as well as to the Secret motion which was carried unanimous-

Silver (Spot).. 19.13/16 19.15/10 ary and other members of the staffy.

Silver (forward).10.13/10 10.15/16 for another year of loyal service and

OTHER BUSINESS

War. Loan. .100

107% good work.

Moved by Mr. Lo Chung-wan and

British Wiroleas. Aftor

by payment of the final dividend seconded Dr. R. H. Kotewall, there will be a balance of $250,784.02 Messrs. Fung Ping-fan and Loung which your Directors propose, with Ting-kai were re-elected directors of your concurrence, to carry forward to the Company. new account.

Mr. Li Tung was re-elected Auditor I now beg to move that the of the Company on the proposal of Directors Report and Statement of Mr. Li Yau-taun, seconded by Mr. Account as presented be adopted. Foo Yik-pang...

(IF HE ISN'T A MISER,

HE'S SAVING UP TO BE ONE! SHALL WE GO BACK AND VISIT HIM, AGAIN,

FRECK ?

A Little Bit Of Yellow

WELL, NUTTY, WE'VE BEEN

RUN OUT TWICE; BUT. I'M GOING BACK

YOU STILL THINK MAYBE WE CAN. WIN THE OLD

·GUY OVER, HUH?

in

The Hongkong Stock Exchange have received a cable from Messrs. Derrick & Co., Local Secretaries Singapoto of the Baub Australian Gold Mining Co., ltd., announcing the output for the four weeks ending March 28 to be 2,001 ounces,

́SURE! THAT'S IT! AND THIS TIME 'WE'LL TAKE OSSIE AND TAG

WITH US.

By Blosser

BOY! IF WE GO, YOU'LL HAVE TO TAKE US.IVE) HEARD TOO MUCH ABOUT! THAT OLD MAN'S SHOT GUN."

FRUIT SALT

BAD COMPLEXION

Are blemishes spoiling your complexion 7 No amount of make-up can ever hide those aggravating spots.

A delicious and refreshing glass of ENO's Fruit Salt' first thing every morning will ensure that internal cleanliness so essential to a beautiful skin.

ENO is prepared only from the finest ingredients. It contains no purgative mineral salts, no sugar or artificial flavouring matter. In its fine powder and highly concentrated form ENO is more economical In use and better value than the so-called substitutes.

Buy a bottle to-day. Trial Size-HANDY SIZE ---Double Quantity Household Size,

ENOS

'FRUIT SALT'

The words 'Eno' and 'Pruit Suit' are registered Trade, Marks HARRY WICKING & CO. LTD. Prince's Building, Hong Kong,

The gayest

and most sparkling comedy this year!

“Lady, It Looks Like Love!”

When a couple

of goofs like you and me go low-

ing nice day-to

marry bankrolia

out the window, and when I start talking about getting a job...

it must be love.

A gay Vind Def mer romance: about a couple *** of fortune-hunt ers who stopped looking han they found each offer!

"HANDS ACROSS THE TABLE”

A Paramount Picture with CAROLE LOMBARD PRED MacMUERAT. Astrid Allwyn • Ralph Bollamy Ditected by Mitchell Latson

At the QUEEN'S

SUNDAY.

The MING YUEN STUDIO has removed to the 3rd Floor of No. 6 Queen's Road Central,

JUST OPPOSITE the Dairy Farm's Soda Fountain.

Buick

ZIEMOTOR CANE

BUICK

FOR

1936:

The BUICK SPECIAL is built for the pur pose of bringing the dependability and Integrity of BUICK manufacture within the reach of all those who have looked. forward eagerly to the time when a BUICK might be theirs: You can buy. the BUICK SPECIAL with confidence and. own it with pride: BUICK'S THE BUY THE DRACON MOTOR CAR CO., LTD. 33 Wong Nel Chung Road, Happy Valley.