1936-12-21 — Page 21

THE · HONGKONG | TELEGRAPH.

FAMOUS HAND-MADE

Peking

RUGS

Well-known for

ᎪᎡᎢ

Quality and Design

✪EXTREMELY LOW PRICES ✪

32, Nathan Road, Kowloon.

Tel. 66081.

INSPECTION INVITED

CUTEX FIVE MINUTE SET All the essentials for a manj. cure cucked nextly lau hande some bakelite box.

CUTEX COMPACT SET

A gunning box in black -

and white Especially

beard by younger people.

A

CUTEX TRAVELLING SET

A boon to the globe trot- ters and a joy to surgati hours. Pig gesin tan tracher,

Gift s

CUTEX

SHE HERSELF

WOULD CHOOSE

SMART

women the world over long have favoured Cutex for. its quality and style. Give a Cutex Ser this year. Join the select com- pany of those who choose their gift as she would choose it — something she will keep and use and cherish for months to come. See them at toilet goods counters, wide selection of styles, all reasonably priced.

Ages: W. R. Loxley & Co., (China) Ltd.

HONG KONG

Gift SETS

VALUES

MONDAY,

DECEMBER 21, 1936.

CHINA LIGHT MEETING

GOOD SHOWING FOR YEAR

NEW PLANT ORDERED

I am happy to state that a large proportion of the cost of the addi- tional generating plant recently ordered has been covered

in thot we have in and a sum of £88,000 purchased at an average of nearly 1/7d. to the Hongkong Dollar

LEOPOLD MAY

WED AGAIN

BELGIAN MONARCH'.

ENGAGED?.

London, Dec. 21. The Dally Mirror's Brussels corres

EXCHANGE RATES

Dec, 10.Dee: 10.

Porla Geneva Berlin.

105.0/04 105.11/64

21.36

21.30

:12.20%

Athens

550

12.201 350

Atilan

,93%

93

Copenhagen

,22.40

22.40

Stockholm.

19.39

19.39

Shanghai

1/2.19/32 1/32

Now York...

4.01

.0.90

8.9634

.2014

2014

-2304%

1394

Nom.

Nom.

110

110

1/21

.1/0.5/32 .4.00 .20.03 .1/1.31/32 .213 .3070

1/2.20/32 1/6.5/32

4.90

29.03

1/2

213

30%

4.

070

670

21-

2132 .105%

21

105%

Our coal commitments should look after our requirements for about a year or so, though the average price per ton during this period will be higher than it was last year. After that, our conl costs will probably pondent credits authoritative Court Amsterdam. further rise, as many other items of circles will the statement that King Vienna. Gross profit for the year of working expenditure have done, Leopold of the Belgians will soon Prague. $1,372,002.10 was reported by the owing to the low Exchange value of announce his engagement to Frincets Madrid: Hon. Mr. M. K. Lo (chairman) at the

Feodora Louise, 20-year-old niece of Lisbon Hongkong Dollar. the annual meeting of shareholders Therefore, while it will be our Denmark's King Christian-United longkong of the Chinn Light and Power endeavour to maintain the dividend, Press, Company Limited, this morning, shareholders will realise that, unless aules of power in the New the increase in the demand for forward contracts for coal had Leen made at a favourable price, and find enabled last year's divides to be maintained.

Bombny

Montreal Brussels. Yokohama

Ces had fallen, declared Mr, electricity is more than sufficient that a dividend of 50 cents per share trade

LO

:

shares and pro Monte Video.

and

British Wireless.

offset the increase in working ex-on the "old" penditure, profits can hardly be portionate amounts on the 1938-Issue. expected to exceed the recent level shares be declared in respect of the lo attained.. Mr. Lo said:

NEW PLANT

nancial year ended 30th September, Bucharest Before proceeding with the bust- | With regard to the additional is, after the transfer of $70,000 to Silver (Spot).

1936, and that the undivided pro- Silver (forward) 21% ness of this meeting, I have to say generating plant, to which reference Reserve re General Managers Rights, War Loan. that it was with profound regret was made from this chair last year, be carried forward. that the Directors and shareholders it incumbent upon responsible

Mr. P. C. Potts said:-In seconding of this Company learned of the Boatds of electricity supply concerns sudden death on August 13, of to anticipate larger loads, and your the adoption of the report M

CA. da Rozu, who had been Board, after most careful considera statement of accounts, I wish first associated with this Doard since tlon, placed an order Inst summer of nii to congratulate the Beard on 1922. By his passing we have aut- for a 12,500 K.W. turbo-alternator the satisfactory results for the period fered an irreparable loss.

to be supplied by the Metropolitan-under review, and I am sure share The report and statement of ac- Vickers Electrical Export

port Co. Ltd., holders are pleased to see last year's counts for the financial year ended of Manchester, and for a 120,000-1bdividend of 50 centa September 30, have been in your boller to be supplied by the Inter-The Chairman, in his speech, sn hands for the requisite period u national Combustion, Ltd., of Derby, fully covered all points in connec propose therefore to take them as Engl

Englund. These new units, which tion with the accounts that further read.

should be Installed

1937 during

but The gross profit for the year is will be housed in new

feel I ought 10 shown as $1,372,002,10, ing Proft and Loss Account with

apprecia Directors. Auditors and Consult-sulting Engineers in London, Messrs. exchange at such a favourable rate ants' fees, interest, depreciation, etc.. Pred on certain preliminary lay as well as having secured forward Preece, Cardew & Rider, drawings for our additional generating plant. the nett profit stands at $885,037,45, (based

buildingment is hardly necessary,· | After charge adjoining the existing power station, älf shareholdxpress, on behalf

We have already sent to our Con-to the Directors for having

our

A sum of $70,000 has been our plang sent out by them to us} | contracts for coal on such favourablej allocated to Reserve re the. Inte prepared by Mr. S. E. Faber, A.F.C., terms. With these remarks, Sir, I General Managers' Rights, leaving, after the fullest consultation with have much pleasure in seconding itel together with $122,179.30 brought our technical staff. Mr. Faber is our report and accounts. forward from last

$037,810.81 Consulting Constructions Engineer. The proposition was agreed to. avaliable for distribution.

whose services have been speelally retained by the Board to curry t the construction of these important additions to the station at lick-Un.

A new workshop and store built on the most modern lines has just

A

OTHER BUSINESS

THE DIVIDEND Your Directors recommend the declaration of a

a dividend of 50

On the proposal of Mr. A. S, cents per shore on the "old" shares.

Gubbny seranded by Mr. Loui and proportionate amounts on the

Chung-kcung, the Hon. Mr. M. K, 1930-Isstic shinres, absorbing about been completed at lok-Un and is and Me, Felix A. Joseph were $834,300, and that the balance of now in use.

re-elected directors. about $103,500 be carried forward. То complete our present

Mr. A. M. d'Ecn

Before closing

pro~

appointed auditors at.

and

It will be recalled that my pre-gramme of capital expenditure at Mr. Chua Sung-chu secunded that

proposed decessor in the Chair predicted an Ilok-Un, your Board has decided to Messrs. Lowe, Bingham & Matthews increase in working costs consequent call up the balance of $2.50 per share on the drop in Exchange. On the on the 1938-Issue shares and to make and Atessrs. Linstead & Davis be re- other hand, he hoped for some re- such call payable on 1st April, 1937. $1,000 each. This was agreed ic

salary of vival in local Industry, Both these

THANKS TO STAFF forecasts have come to pass and

I desire to express Those present were the Hon. Mr. although sales of power have fallen the Board's appreciation of the con-M. K. Lo (Chaleman), the Hon. Mr. off considerably in the New Terri- tinued

the Com-J. co-operation of

P. Braga, Sir Elly Kaduerie,) tories, the nett result of the year's pany's staff, for whom, shareholders Messrs.. Lawrence Kadoorie and A. working leaves us in the fortunate, may be interested to know, we have H. Compton (Directors), Mr. D. W. instituted new Provident Scheme Munton (Manager), Mr. Noel Binge the dividend paid last year,

Shareholders will be glad to know for life insurance tor those em- keung. A. M. d'Eca, H. Summe that forward contracts were made ployees who elect to take advantage. Lee, Mrs. 11, K. Lee, Messrs. A Potts, 1. N. Murray, Mrs. I. 11. by the Board on comewhat favour of this form of investment. able terms for coal and, as the re- I now propose:—

S. Gubbay, C. M. da Silva, Chua sult, our coal costs have been kept i That the report and accounts as Sung-cho, A. H. Mackenzie and K. down for the time being. Moreover, presented be adopted and passed, C. Mark (shareholders).

position of being able to maintaincluding in its benefits provisions (secretary) and Messrs. In

MARFAK

You can get thousands of extra miles from this chassis self-sealing lubricant.

Obtainable at:

GILMAN

MOTORS

Hongkong and Kowloon..

TEXACO

THE ASIA COY.

OI-KWAN BUILDING, Des Voeux-Road, Central Phones: 20416, 22338.

CHRISTMAS SHOPPING GUIDE

CRACKERS

PLUM PUDDINGS

FANCY BOX CHOCOLATES

.65 to $ 6.00 .30 to $12.00

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75

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USUAL BUSINESS HOURS 6 A.M. TOI P.M. XMAS LEVE OPEN. TILL MIDNIGHT

OPEN

LATER

-TILL":

X'MAS

FOR LADIES

NEW PERFOLASTIC REDUCING GIRDLES (Reduce 3 inches in one week)

LEATHER AND FABRIC GLOVES, HAND-BAGS, MANICURE SETS, KAYSER HOSIERY, MANY NOVELTIES.

A NEW RANGE OF FELT HATS

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TOOTAL TIES, BRACES, CUFF LINKS AND STUD. SETS IN GIFT BOXES. INTERWOVEN SOCKS & FELT HATS.

TOYLAND

C

TO DELIGHT THE CHILDREN

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LE BEAU

D'AGUILAR STREET

DAB

THE

GOOD-SMALL

SHOP