1936-06-08 — Page 5

The

THE HONGKONG TELEGRAPH.

Hongkong Telegraph

SIXTH ANNUAL AMATEUR PHOTOGRAPHIC

COMPETITION

JUNE-AUGUST, 1936.

$250

CASH $250

PRIZES

TWO SILVER TROPHIES VALUE $250

AWARDED BY-

ILFORD, LIMITED, LONDON

TO WHAT ARE ADJUDGED THE TWO BEST ENTRIES IN THE COMPETITION, IRRESPECTIVE OF CLASS.

SECTION ONE

FOR THE BEST STORY-TELLING PICTURE

SPECIAL PRIZE

ONE OF THE FAMOUS

BELL & HOWELL

FILMO STRAIGHT EIGHT MOVIE CAMERAS

WITH CASE

TO BE AWARDED BY MR. CHAS. S. ROSSELET, HONGKONG AGENT,

VALUE $235

CHINESE STUDIES--FIGURES AND FACES

SECTION TWO

༣

2ND

$20. 3RD

$10.

SECTION THREE

VIEWS: INCLUDING ARCHITECTURE, LANDSCAPES, SEASCAPES, ETC.

MONDAY, JUNE 8, 1936.-

LANE, CRAWFORD, LTD.

ete, which have been installed were made in our own workshopk

*

SHAREHOLDERS SATISFIED WITH STATE the round Floor, where an improvod

OF COMPANY'S AFFAIRS

YEAR'S ACTIVITIES

REVIEWED

Satisfaction with the outcome of the re-organisation scheme of the Company, and with the state of the Company's affairs, was expressed by Col. H. B. L. Dowbiggin on behalf of shareholders at the fourteenth annual general meeting of Messrs. Lane, Crawford, Ltd., held on Saturday morning.

but your Directors are satisfied that the earning capacity of the building has been considerably enhanced as á result of these improvements.

- Forther Alterationa Further alterations are in hand on

layout of our Provisiom, Confec tionery, and Cake Departments, han been planned, and I feel I may say with every confidence that of the completion of this work, no better shopping facilities could be found in the East.

In connection with the alterations Why Endure A Pimply to the first floor of Exchange Build.

ing, the transference of our Cafe to the front basement premises has per- nitted the use of this area for renting

Skin?

Unsightly pimples, cold sores, itch,

purpones. The Company's offices, and ringworn, eczema, skin roughness those of Messrs. Linstend & Davis, and other blemishes are best treated our Secretaries and Accountants, are with accommodated on this floor.

SHE-KO

FOR THE SKIN

Presiding at the meeting, Mr. J. H. Taggart, Chairman of the Board of Directors, reviewed the activities of the Company during the past year, and announced that the Directors recommended that the sum of $116,701,60, representing the At the south end of the floor, balance of profit and loss account after allowing for depreciation,

directly connected with the Store, a he enrried forward to the next account,

Ladies Clonk Room, Beauty Parlour, and Rest Room, have been installed. Others present at the meeting were

The Beauty Parlour, which has been Messrs, R. A. Dastur, D. C. Edmond

is furnished with the latest equip the cooling, soothing, antiseptic oint rented to a well known local specialist, ston E. M. Raymond, P. H. Suckling, 3. T. Williamson (Directors), A. W

ment, and the adjoining lounge willment, which keeps the skin smooth, Brown (Manager), A. Sommerfelt

Stocks, including stocks in transit, bo a welcome addition to the Store soft, fresh and clear. (representing Messrs.

Equally good for the curativo treat- Linstead and amount to $526,624.10, a reduction of facilities as a retreat where ladies Davis), Col. H. L. Dowbiggin, $182,800.79 compared with last year. may, during the fatiguing hours of ment of cuts, burns, seals, scratches, Messrs. W. L. McKenzio, II. B. They are valued on the baals of cost shopping, rest and enjoy refreshments abrasions and other injuries to the

In Forsyth F C. Barry, E. O. Murphy, for market value, whichever is lower,

really delightful surroundings. P. K. Kwok and G. F. Ribeiro, Jr. and measures have been taken to

And finally, I would refer to the skin, She-ko is obtainable at chemists,

or direct from (Shareholders),

minimise the effects of redundancy or changed that have taken place in your Mediens Co. 451, Kinngro Road, Addressing the meeting, the Chair-reterioration.

Directorate since the

dute or

of the last Shanghai, 70 cents per packago; post General Meeting.

Ling. Sir William Shen-free, man said:

The change of Auditors has been Sundry Debtors amount to $167,-ton, who has been your Chairman for explained in the Directors' Report. 235.55, an increase of $166.21 over many years, and Mr. E. J. Davies The appointment of Messra, Linstond last year. The Reserve for Dad and retired, and Messrs. R. A. Dastur, D. & Davis

to set In the dual capacity of Doubtful Debts has been maintained C. Edmondsten, P. II. Suckling, and Secretaries and Accountants to the us a normal precaution against any S. T. Williamson, have joined the Company brings relief to the manage- unforeseen contingency, and I am Beard.

I now propose formally that the

counts for the financial year ended

more time to the supervision of the Book Debts.. Store itself.

ment, am permits the application of satisfied as to the reafisabilily of the Report of the Directors and the Ac-

I will preface my comments on the the reorganization is seen in the in-adopted and, when this has been On the Liabilities aide, the effect of 20th February 1930, as presented, be Recounts NOW under consuleration with a brief reference to the capital creased figure of Authorised Capital seconded, I shall be pleased tower Reorganisation which was carried out the reduced figure of Subscribed any questions that shareholders may during the year, and with the details Capital, and the elimination of Gen-wish to ask. eral Reserve. of which shareholders are nirendy

Loan Capital has been repaid to the familiar. You may recollect that my predecessor, in his speech from the extent of $100,000, and now stands Chair last year, indicated that owing

1*nt a figure of $1,800,000.

The higher figure

of Trade Credi- te various circumstances over which tors is accounted for by the increased we had Httle or no control, heavy dollar cost of purchases due to the

must be experienced in

In the

luises

of

posing

of our stocks.

the Dr. Williams

REPORT ON Z. B. W..

SUMMARY OF BROADCASTS DURING MAY

Z.B.W.'s report for May states that actual hours of transmission totalled 278.28, of which 182.50 were devoted

to European programmes und 95.76 to Chinese programmes) as follows: Seconder's Epeech

Morning transmissions, including Seconding the report, Col. H. B. L. commercint news and Church relays. Dowbiggin said:

-Europem 0234, Chinese 255. have listened with much interest to 119%. Chinese 03,

Gentlemen.-I Mr. Chairman and

Evening transmissions.—European the Chairman's speech and I wish to

Monthly percentages:-European,

reorganisation, therefore, ver rates of exchange prevailing at thank you, Sir, for the very full re65.50; Chinese, 34.41.

1971N made to meet this loss by writ-

the end of the financial year.

Better Prospects ing stock values by an amount of $342,005.52, which represented tho

Indebtedness to the Bank shows Rn difference between book values and increase of

70. This increase

some instances, residuni values.

Loss Absorbed

Loan Capital and"

port which you have submitted La shareholders-not

not only on the ac- counts but on the genern!

netivitien of the Company during the past year,

"I feel confident that

when

We

Ex-

appreciate

During the month the following Hems were broadcast:Dance pro-

1, Chinese studio concerts 5," Euro-

the then existing market values or, in should be en in conjunction | opinion of sharehollvoice the Krammes 10, European studio concerts with the sums additions and Im-of your scheme of re-organisation on Daventry relays (Including news) 40, in reducing press satisfaction with the outcome Bean local relays 30, European provements to Fixed Assets. The with the state of the Company's Running commentaries 1. Chinese relays D, European lectures 6, Chinese That a heavy loss has been experi- conclusion is that the Company has affairs as set out in the accounts now tectures 10, European children's con-

emerged from its financial trials very bafore the meeting. onced is evident from the accountsbly and, given a period of the extraordinary trading conditions/certs 1. Chinese children's concerts 9. peaceful trading free from violent which the Company has had to contend exchange fluctuations, I am satisfied during the past year, and we are

New lleences Issued during May pro

seven licences totalled 217, while that the cash position will rapidly parod to accept the recommendations were renewed.

of the Board with regard to the improve.

In addition to the programmes ป. It only remains to consider the posal of the balance at credit of Pro-broadcast by Z. B. W., 13 European fit and Loss Account. Thanks to the and Chinese programmes were broad- balance of Profit and Loss Acc diligent marmer in which our Diree-east by Z. E. K., on a frequency of and reiterate submitted in the Directors Report tors applied themselves to the in-10 kllocycles as follows:-European, that the balance of $110,701.60 bo car. tion, and to the co-operation and in-a total of 30 hours over ZEK.

tricate problem of ( capital re-organisa- 10 hours; Chinese, 14 hours-making From for the red forward to next account,

Justry of the staff in clearing stocks, stocks

The

but, thanks to the effect of a timely reorganisation, augmented by results of Improved trading conditions dur

the last four months, ing

of the financial

has been ab loss refer to the accounts,

the Working Ac count for the year, there em erolit balance of

are a

sarbed. If you

the foregoing, you will

From the

that the truo

Itraling result Rather

year are obscured

the

recommendations

by the influence of my comments on the Working feel the Company is in a stronger

abnormal conditions arising from

ed in

your

reward.

I

for depreciation has been year under revisation during the but, only the many Im-

have

fow-

Capital, Brorganisation carried into fon reorganisation, the obvious infe and sounder position than it has en on the thought and enterprise which

count and the revaluation of effect during the year, and by the prudent to consider any distribution cess of reorganisation, shareholders established business on modern lines.

ence in that it would be palpably in- juyed for many years. In the pro- they applied in remodelling this old vagaries of exchange. The factor of

agreed to sacrifice the sum of $1 per exchange in the first instance forced until it is established beyond question share and I fool satisfal that this understand, goes on leave in

Our manager, Mr. A. W. Brown, I us to reorganise in order to most that the Company, as reorganised, is heavy loss, and teriy, sinco ex. capable of earning profits under crifice will, in dae time, bear Its weeks' time-a leave which has been change has been pegged at or about normal trading conditions.

delayed over a year owing to the re- its present level, has made more pro-fore you, I will now make brief uddin

Having dealt with the accounts be From a scrutiny of the accounts,

that capital expenditure has shareholders I desire to

organimation, and, on behalf of the table trading possible.

exceptionally heavy. I was in.

express Bp- To deal now with the debit side of tional references to the changes and chincal to criticize this expenditure preciation of his hard work, and wish the Profit and Loss Account the improvements which have been effect

him a good hotilay so that he returns charge

I took the

to us in the beat of health. reduced by $10.230.10

portunity of

I have much pleasure in seconding AR compared

provements which with the previous year.

been effected the proposal that the report and ac On the closure of the Hardware, throughout the store, In the cafe, and counts for the financial year ended This is the result of the reorganisation whereby Office Equipment, and Shipchandlery also or the first floor of our the book value of certain Fixed and Toys & Games Sections

were which have

T carried Been Assets. Adequate rates of deprocin transferred to the ground floor, and n tion have been applied.

approval and the space thus vacate was allotted express nothing but

admiration. have been written off, and the Reserve Department. The additional for Bad and Doublf al Debts maintain made possible the laying out of the kitchen up-to-date and above. re. Mr. J. II. Taggart retired in accord el at a figure of $10,000. If share-ladies salon on modern lines which ach. The general store is con- nnce with the Articles of Association holders consider the turnover during offer

veniently arranged and I believe, of the Company.

is, Every convenience to our twelve months, and the total amount

going to be further Improved; the Mr. P. K. Kwok proposed, and Mr. of Debtors at the close of the year,

·ladies' salon and furnishing depart E. 0. Murphy seconded, that Mr. In the Furnishing Department the ment on the think they will agree that the less extra area has been utilised to meet every facility for shopping under Directors. The proposal was carried mezzanine floor offer Taggart be re-elected to the Board of under this heading is remarkably the need for improvement in display conditions unrivalled by any store unanimously.

space; model rooms have been bullt, East of Suez; and the beauty parlour figure of Commission to Staff, and customers may now view furnish- and rest room on the first floor, if I thows were re-elected Auditors of the Messrs. Lowo, Bingham and Mat- Although a charge against Working ings as they appear in actual use. In may venture to express an opinion, Company on the motion of Mr. F. C. Account, is published for the in passing, I would make mention of the are a sheer delight. I wish to con- Barry, seconded by Mr. W. L. Me- formation of shareholders. In com- fact that the show cases, furniture, gratulate the Chairman and Directors Kenzie. pubing commissions, the staff have

substantial amounts were written off Departments, the Sports Equipment For the alterations and imp:bruary 20, 1936, as presented bo

1ST

$40.

1ST

$40.

2ND

$20.

3RD

$10.

SECTION

FOUR

STUDIES IN STILL LIFE

1ST $30.

2ND

$20.

3RD

$10.

The

SECTION

FIVE

ST

SNAPSHOTS TAKEN BY CHILDREN UNDER 14 YEARS

$15.

2N

ND

SECTION

$10.

SIX

3RD

FOR THE BEST "NEWS HAPPENING" PICTURE

1ST SILVER CUP

The

following Rula will govern

Competition-

DONATED BY

DR. F. DUNJE

RULES:-

the, &.-Photheraphs which have been

entered Infoemi competition ET in 1 eligible.

The Competition is confined exclusively to amateur photographers,

2.-Pictures submitted in Sepia tones should

be accompanied by a simälter print in black and white....

3.-The Prizes will be awarded to the

$5.

2ND $20

already 9.---No correspundence will be entered inta

in connection with the Competition. 10-Entries in the Children's Section mut bear the name, age and address on the entry form countersigned by a parent. 11-No employee or member of any firm In the photog taphlo trade is permited to compete.

at the ranellen of the Competition, entries will be returned to campelitur on application at the Office within seven

(inya.

competitors sending in what are adjudged || T.--No reponsibility will of Recepted · for to be the best photographe in each non-delivery. Jom or damere. Section. Each entry must be accompanied B.--Photographe by a form which will be published dally during the period of the Competklos. The right to publish any or all of the

entries in the Zelegraph is reserved.

not

be

Icas than Foat-card size (excepting in the Children's Beetlog) and the entry form should be Hightly paled on the back.

i

12-Members of the State of the Hongkong Telegraph and the South China Morning l'eat are not perrallied to compeir. 11.—The decision of the Judges shall be Anal.

COMMENCE SENDING IN YOUR ENTRIES NOW.

-USE THIS FORM

AND LIGHT PASTE IT ON. THE

BACK OF EACH ENTRY,

SECTION NAME

ADDRESS

DATE

ENTRY FORM.

adopted. can Tho

proposal was carried, un- and animously,

next business before the meet- Itsing was the election of a director as

Bad Dubis amounting to $3.701.89 to the Ladies' Sulon and Furnishing tive and well-organised, and

The cafe in most attrac The

Jesen

given the benefit of any profit nrising from the of written down

since, The Flocky

opinion of the Directors, the work involved in di posing of these stocks was especially arduous. The efforts of the staff In clearing stucks were responsible in no stall mensure for minimising the losses for which we hul provided.

Expenditure

Expenses of Reconditioning the Basviment and Store, excluding the amounts spent on new Fixtures and Fittings and Restaurant Utensils, which have been shown as 'additions to Fixed Assets in the Balance Sheet, nmounted to $33,167.47. From this figure

has been deducted the Reservo for Building Improvements of $15,000, which appropriation was approved by you at the General Meeting hold last year. This leaves a charge against this year's working, of $18,167.37, which your Board have decided to write off in total,

I think you will agree that the ex- penditure is Justified both as regards, the Cato and the new lay-out in the Store, particularly on the Mezzanine Floor, to which I make further re- ference later.

To turn now to the Balance Sheet there is little I can say to amplify the The statement has been drawn up to information clearly stated therein give effect to the theme of Capital Reorganisation which was carried out, In October last year

Total Fixed Assets show a reduc tion of $82,235.55 compared with the previous year, due mainly to the effects of the reorganisation. The heaviest item of additions appears under Fixtures and Fittings and re- presents chiefly the cost of refitting the indies Salon, the furnishing do

Picase, was block lottery and paste this on back of each Entry.partment and the Cafe Wiseman.

If entered in Children's Section, parent please countersigt

bere Building Improvements represents. expenditure on the first floor of Ex- change Building. Further expendi ture of some $20,000 has been mob since the close of the financial year,

clientele.

arca

'ANCHOR'

FINEST QUALITY CREAMERY

BUTTER

NEW ZEALAND BUTTER, acknowledged the world's best, is exported; under the strictest Covernment supervision, in three grades namely- "Finest," "First grade" and "Second grade." Anchor Brand is "Finest Grade" Pure- creamery butter. The quality is consistent and it reaches - you just as it leaves the factory in convenient and

hygienic packets.

Anchor Brand is guaranteed to be 100% puro and. is, untouched by hand.

TRY IT ONCE-BUY IT ALWAYS.

ALWAYS PR

"By Appointment to THE VERY BEST PEOPLE

DISTRIBUTORS

LANE,

CRAWFORD,

LTD.

Obtainable from all the best stores and compradores,

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