1939-03-29 — Page 27

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Wednesday,

HONGKONG TELEGRAPH

COMPANY'S GOOD START TO

Optimistic Note Struck At Annual Meeting Of H.K. Rope Manufacturing Co.

A MARKED INCREASE in the turnover of the Hongkong Rope Manufac turing Co., Ltd., during 1938, was commented on by the Chairman, the Hon. Mr. A. L. Shields, at the 55th ordinary yearly meeting held at the offices of Shewan, Tomes & Co. this morning.

Keen competition had been faced and it was difficult to say what the prospects were for the coming year. As regards the Kennedy Town house property of the Company, this had brought in full rent since June and if tenants remained in occupation this year's accounts would show a substantial benefit.

would be seen that no change had since been made in respect thereto.

There were present: Hon. Mr. réference to subsequent accounts 'it | Shields (Chairman), Mr. J. P. Braga, Mr. S. T. Williamson (Directors), Messrs. F. J. Tavares, (Secretory), S. C. Lau, H. Dreyer, Kam Wali-kui. J. Dick, A. A. Bolelho, K. P. Bailey and 1. W. Shewan (Shareholders).

CHAIRMAN'S SPEECH

These savings together with other economies which your Board effcet-. el, have contributed very largely to bring the Company to ita position to day and in view of the increased earnings last your over those of 1937, your Board decided to charge the The Chairman said: You will ob-

Authorised

amount, in respect of serve from the Accounts for the year Directors Fees and with regard to ended December 31, 1930, which have the General Managers Commission, been before you for the prescribed this has heen Increased to three-

worked hard to attain the result now placed before you and I hope that you will approve the bonus recom- mended by your Board.

Hockey

Interport Honoured

period, that after providing for De-fourlins of the minimum authorised Sir H. Phillips To Sec preciation and allowing for Directors: by the Articles of Association. and Auditors' Fees and Commission The staff have also co-operated and to General Managers, there remains Net Pront of $87,185,10 for the year under review.

ew. This amount, added to the balance of $51.275.54 brought forward from 1937, makes a total credit of Profit and Loss Account of $138,480.70 available for appropria- tion, which your Board commend

ur machines would need replacing,

Hongkong Play SHANGHAI, Mar. 29. SIR Herbert Phillips, When I addressed you this time British Consul-General in last year I mentioned that some of Shanghai, has accepted the you will see in the Balance Sheet that invitation of the Shanghai we have expended the sum of $40, Ladies' Hockey Association Machinery. The new machines are to attend the forthcoming ow being installed and will soon be Interport match against The umani provisions have been Hongkong on April 8, and The turnover of last year made for Depreciation on Buildings, to present the trophy to the shows a marked increase over that ete, and on Plant & Machinery your for 1937, and this is reflected in the Board decided to provide an addition- Winning team.

ut $30,000,00 depreciation. The necounts now laid before you, which Stocks and Stores have been valued

be dealt with us follows: Pay n dividend of 40 cents per

share, abnorbing Pay a bontin ta masi

And carry forward

Account

....$ 80,000.00) 11.88 on additions

3,945.00 to 1939 $64.95.70

3129,460.70

in operation,

I think may be considered satisfacat cost or under. tory, in view of the keen competition with

which we have had to contend throughout the year.

to

.

Plant and

COOD START TO NEW YEAR Now as regards the prospects for

those in

Shanghai has selected a good team to meet the visitors.

The nucleus of the forward fine has been drawn from the Greens, the local champions,

The Rest of Shanghai will play

meet the Colony side on April 10.

Several timin and tea parties have honour of the been arranged in Hongkong team, but the main event will be the Interport dance at the Shanghai Race Club on April 11. Reuter.

The profit on working account is $45,507.4 better than the previous the current year, conditions out here Hongkong on April 9, and the Greens year and the Income from rents the East as well as collected is $63,067.70 as compared Europe do not permit me to say more avith $48,772.85 in 1937-an increase than that we have.made a good start The In spite of the strong competition and of $15,104.85. This is due to the hope that we shall continue to hold Kennedy Town houses having been our own during the present year.

since the month lof fully occupied since

I do not thinke that there are any June, 1938, and provided the tenants remula in occupation, the full bent other items in the necounts that need of the additional rent obtained there special comment, and I will therefore from will be gained in the accounts propose that the Report and Accounts

for the current year.

as presented be adopted and passed, and that the amount of $138,400.70 ui

The Factory Buildings at Ma-tau-redit of Profit and Loss Account be kok continue in occupation, and we appropriated as above.

have of the present case Matlon was approved,

concluded negotiations Mr. J. P. Braga seconded and the

for an

World Wheat Production

CANBERRA, Mar. 29. for a further term of three years. .I was proposed by Mr. S. C. Lau

The world production of wheat this You will have noticed in the Praft and seconded by Mr. W. Dreyer and Loss Account a return to the that Mr. Braga and Mr. Williamson year is estimated at 1,100,000,000

bushels

and an increase in Commission

March 29, 1939.

1939

UFS

This is the cant of arms of Insurgent Spain, which will become the official coat of armis for all Spain, when General Francisco Franco is declared completely victorious. Figures are the three types of men fighting for Franco-Legionnaire, Phalangist and

Navaresc.

Threw Chair Into Plate Glass At Cafeteria

Kai Tak's 3,650,000 Letters

DURING the last six months 3,650,000 letters have been hand- led through the Kai Tak Airport, a figure which represents weight, 65 tons of mail.

authorised amount in Directors Fees be re-elected to the Board of Direc- This is about double the quanlity to General Managers which is still It was proposed by Mr. Kam Wah-required for consumption.

to tors, the meeting approving.

below that provided by the Com-kui_and_seconded by Mr. Pick pany's Articles. In this connection that Messrs. Percy Smith, Seth &

in

SOLDIER IS

FINED $25

Charged with causing malicious damage by breaking two pieces of plate glass at the Stanley Cafeteria yesterday, Private Patrick Woods, R.A., Stanley Forts, was fined $25 or one month hard labour by Mr. T. J. Houston at the Central Mogistracy this morning. He was also ordered. to pay $35 compensation.

Defendant admitted the charge. Sergeant . D. Paton said Woods went up to the Cafeteria about 4 pa. yesterday, picked up a chair which

Of this, 43 tons or a million and was lying outside the cafe, and threw It against the plute glass. He had no

a quarter letters, were despatched cause to do this, and just walked or from England. The re- slowly away after the incident. He mainder is made up by participant was followed and arrested by an In- countries-in-the--Empire-mail dan constable.

I wish to remind you that in 1935, Fleming and Messrs. Linstead and J. Watsun of 148 Boundary Street, scheme. owing to then prevailing conditions. Davis be re-appointed Auditors for hed his car No. 1850 stolen from the through the Kai Tak Airport, a your Directors and General Managers the ensuing year at a remuneration car park opposite the Y. M. C. A., voluntarily agreed to reduce their of $500 each. The motion was ap- Kowloon, yesterday afternoon. The figure which represent in weight, remunerations by 50 per cent and on proved.

car is valued at $2,000.

His business might have failed

due to NIGHT STARVATION

THE HOTEL

| COMPLAINED AGAIN,

MR,DOUGLAS THEIR ORDER HASN'T BEEN! DELIVERED YET,

DON'T STAND THERE

STARING AT ME, DO SOMETHING.

SEND IT OFF

NOW!

HORLICKS, REGULARLY AT NIGHT GAVE DOUGLAS NEW STRENGTH AND VITALITY. DELICIOUS!!

I'M GLAD

1: BOUGHT

THE MIXER,

TOO

-2 MONTHS LATER?

MY WORD YOUR BUSINESS-

TAKE

HAS IMPROVED

HOW DID YOU, DO IT?

(THINKS

I KNOW IT'S MY FAULT BUTIAM SO TIRED AND EXHAUSTED THESE DAYS, I EVEN WAKE TIRED, I CAN'T LOOK AFTER MY BUSINESS

WONDER IE THE

DOCTOR....

BY TAKING HORLICKS EVERY | NIGHT, AND I'M. EXTENDING THE PREMISES

NEXT WEEK!

HORLICKS

65 tons of mail.

SATESTHE DOCTORS

I'M TIRED ALL DAY, DOCTOR, NO MATTER HOW LONG

I SLEEP

"THE ROOT OF YOUR TROVGLE| IS NOT REPLACING USED-UP ENERGY DURING SLEEP,

IT'S NIGHT STARVATION|

I ADVISE HORLICKS,

REGULARLY AT NIGHT, YOU'LL SOON

GET YOUR VITALITY BACK

If you wake tired, if you suffer 'from 'nerves' enervation and

`that dreadful feeling of exhaustion

Horlicks is best made in GUARD

the special Horlicks mix- AGAINST er. Obtainable at all good:

stores-80 cts. large size NIGHT

and 40 cts. small size. STARVA. TION

YOU SLEEP. SOUNDLY, WAKE. REFRESHED AND HAVE EXTRA ENERGY ALL DAY

Asked if he had anything to say, Woods said he had been insulted by some Chinese, but he did not under- stand what was sald.

"

An officer of the R.A. was present in Court, and sald Woods' conduct and character could be described as

| fair.

Royal Wedding In Teheran

London, Mar. 20. The Earl of Athlone, who is repre- senting the King at the civil cere- mony in connection with the marri- uge of the Crown Prince of Iran and Princess Fawzio, slater of King Farouk, is leaving London with Princess Allee on

Ape!! 1 for Teheran, which they will reach on April 18-Reuter.

While travelling in a bus between the Peninsula Hotel and the Stor Furry yesterday, M. Dennison, of e Hankow Road, lost or had stolen from him two watches which were valued at $35.

stops pain in 3 seconds

CORNS

are killed and loosened with just one applica tion of Gets-It. A`drop or two ends the torture

of throbbing corns. A few days later you can lift off the corn-root and all.

GETS-IT

Makes you forget corna,

TEOFANI CIGARETTES

MADE IN ENGLAND

TEOFANI

„CHARLITEŠ

KING'S GUARD

VIRGINTA

Tin of 50-85 cts.

at

C. INGENOHL'S CIGAR STORES "LA PERLA DEL ORIENTE" and other tobacconists

Easter

CANDIES

Wo have a largo selection in all the standard sweats and a great varioty of holiday novelty candios.

Get ready with your Easter gifts NOW !

The SINCERE Co., Ltd.

JUST

CANDY DEPT. - GROUND FLOOR

TURN THE TAP- THE HOT WATER IS WAITING

FOR YOU

SADIA

AUTOMATIC

ELECTRIC

WATER HEATERS

provide scalding hot water at

all hot taps in the house with- out waiting, without labour of any kind, at any time of the

day or night.

INSIST ON SADIA

FOR COMPLETE SATISFACTION

SEE IT DEMONSTRATED AT OUR SHOWROOM

St. George's Building.

Chater Road, (1st Floor)

C. E. WARREN & Co., Ltd.