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invited the Directors to take share holders into their confidence. He pressed for an adjournment of the meeting and the appointment of a committee of shareholders to in- vestigate the affairs and position of the Company. There was no thing embarrassing to the Direc- tora or detrimental to the Com-
2 LAKHS LOSS.
TERRITORIAL ESTATES
MEETING.
HOUSING DEMAND.
Reporting a load of nearly two lakhs of dollars on last year's working, reference was made to- day to the peor demand for houses
in some parts of the Colony-- and to the affect the boycott is having the speaker being Mr R. G. Shewan, the veteran mer- chant who has done so much for the Hongkong public.
As chairman of the consulting committee, Mr. Shewan presided at the second ordinary annual meeting of Hongkong and Terri torial Estates, Ltd, held at the company's offices in St. George's Building.. He was supported by Mr. T G. Weall, Mr. E M Raymond and Mr. J. Scott Harston (of the consulting committee). and Mr. A. Braun (secretary).. Shareholders present. were Messrs:-Allan Keith. D., W. Munton, Jas. Toppin, AA. Botelho, D. W. Shewan, H. Dreyer and L. H. King:
.The secretary read the conven- ing notice and the auditors' re- port. After the customary open said:- ing to the address, Mr. Shewan
Bad Property Market.
.
THURSDAY, MAY
FOR THE WETS.
REPUBLICAN CANDIDATE FOR
SENATE
MODIFICATION FAVOURED..
(Router's American Servicë,)s.
1926
AIRMAN KILLED.
SAD FATE OF AN AMERICAN PIONEER.
DEATH IN MAIL ADROPLANE.
(Reuter's American Service.)
Summit (Illinois), May 19: Philadelphia, May 19.
The airman, Ross Kirkpatrick, The Republican Party of Pennsyl-who participated in the pioneer vanta has nominated Mr. William dight from New York to Alaaks in 1920, was killed yesterday as the result of a forsed landing in a 'mall ueroplane during a storm.
REP WILLIAM GIVARE) -
Vase as a candidate for the Senate on the platform of a modification of the Volstead Act.
FORWARDI
MUSSOLINI AND THE BLACK SHIRTS::
“A GLORIOUS REVOLUTION."""
(Reuter's Service.)
Rome, May 19.
On the occasion of the adoption. of the labour law prohibiting strikes, Signor Mussolini made
statement to the Fusciste de- claring that for the first time in the history of the world a con- structive revolution had been ac- complished peacefully and for the first time a powerful system of Afteen great associations had been
ELECTION SCANDAL? created all on an equal footing
SENSATIONAL STORY IN
THE SENATE:
ALLEGED CORRUPTION..
(Reuter's American Service.):
Washington, May 19..
and all recognised and guaranteed in their legitimate interests by the State.
The Fascists were certain, he continued; that the new
system inaugurated that day would with- stand the test of experience and that the nation would be förtified. The Fascist spirit and discipline Senator James A. Reed (Dome-would become a solid and indivi- erat, Missouri gave currency to a sible unit of political economic,. senentional story of anything beland moral energy. He conclud at the end of the year out of 148tween two million and five millioned: "Black Shirts, forward flats available only 13 flats were dollars being spent in the recent Show by your goodwill and loyal- occupied,
in ty that ours is one of the most Senatorial primary election Pennsylvania when he moved the glorious revolutions." Senate to authorise an Investigation of the Senatorial campaign ex
pany's interesta in such a pro- to $199,826.48, and I can only re- The total lose for 1925 amounts. posal. Until the shareholders gret the very unsatisfactory re- were fully satisfied with the sult of the year's work, owing Directors" report and of their ex-greatly to the abnormal conditions planations of the administration Colony since last June.
which have prevailed in the
(of affairs during the Afteen For our Chinese dwelling houses months under review,, how could at Kennedy Town, which were they conscientiously adopt such finally completed last July, it was
impossible for us to secure any report? What is more, the share-thing like sufficient occupants and holders by tacitly adopting the report might have closed the door for ever on any further criticisma or comments. Unless unfore- seen developmenta occurred they could not very well repeat yester- day's criticisms:
on the same AMES-On May 2, 1926, at points at the annual meeting
Waragalante Estate, Madultwelve months henee.. kele, Ceylon, to Frances, wife of A. Eric Amés, a daughter CAMERON.On May. 20 at the French Hospital, Hongkong, fio Mr. and Mrs. J. J. Cameron, Cement Works, Kowloon, a son..
BIRTHS.
15
penses.
Mr. David A. Reed (Republican
The Yaumati property has just about held its own with the pre- vious year's earnings, but these and are by no means commensur- are falling off month by month ate with the interest on the pur-Pennsylvania), in opposing, said he chase money, and unless this site disbelieved such extraordinary ean be properly developed, which stories bout the corrupt. ae of it must continue to leave a loss means, of course, further capital. until the real estate market shows
sent
money:
him, but on the roll call there was Other Republicans supported: a marked improvement on the pre-laughter when it was found that Republican Sanators up for re- election generally joined the Demo- erata and insurgent Republicans in
RUSSIAN MISHAPS.
FIFTEEN MEN ELECTROCUTED
NEAR MOSCOW.
FATAL AIRSHIP CRASH.
Three
(Reuter's Service.)
CARTER.-On April 30, at the as out of order. And yet, in spite slightly better enquiry,, and I can support of the motion, which was fatalities are reported.
Fraser Nursing Home, Colombo, to Mr. and Mrs. & C. Carter, a son. DAVIS--On May 2, at Haddon Hill, Colombo, to Mr. and Mrs. E.. T. Davis, & son. DIXON On May 1, at Hatton Nursing Home, Colombo, to Freda, wife of A. E. Dixon, a daughter.
carried by 59 votes to 18.
RUBBER PRICES.
Instead, however, of conciliating the shareholders, Mr. Arculli's proposal to adjourn the meeting was ridiculed as "unheard of am glad to say that for our entirely without precedent; and Chinese houses there is now a
but hope that the demand may of the Chairman's Incorrect ruling continue to improve. As to that that it was out of order he put it I am sure that our friends at Can- to the vote! Surely a more amiaz- tom are feeling the pressure of ng procedure than that which the Boycott as much as, if not, more than we, for trade is like was so caustically condemned as merey which both blesseth him something of which the share-that gives and him that takes, and hoiders of a Company had never it is only a question of how long the trading community of Canton heard anything in all their lives! will put up with this foolish in-
ceipt of advices from their Singa The exact points at variance be- terference of the strikers, which is pore friends advising them that tween certain of the shareholders destroying their former Bourish-Rubber is now quoted at 78% cents per lb. The cable also includes the and the Chairman and Directorsing business with Hongkong. MACKINTOSH— MACMILLAN.
---On April
"St. George's Building, I am following quotations, 19, wat Stat yesterday's meeting cannot be glad to say, shows a good improve. Andrew's Church, Calcutta, expected to concern us-unless itment and more than covera me by the Rev. M. W. McCaul can be shown that their subse-interest on its cost, Arthur Edwin, only son of
MARRIAGE.
Mr. and Mrs. J. S. Mackin-quent discussion is in the publie tosh, Bee Brae House, Gala- interest. The wider question of shiels, Scotland, (late of procedure at Company meetings Egypt), to Dorothy Marie.
DEATH..
KIRKLAND-On April 7, 1926, Rat Dennistoun, Glasgow, Arthur Maitland Kirkland, late of Messrs. Cargills, Ltd.,
Colombo.
Hongkong, Thunday, May 20, 1926..
COMPANY PROCEDURE,
Company's. Shares.
You will notice that there was some $306,000 due from unpaid calls. We are pressing share.
yet actually forfeited the shares as we have the right to do, as, of course, we do not want to go to extreme measures with share.. holders if we can avoid it.
With the help of this fresh capital we shall I trust, be now able to tide over our troubles till: better days return.
eldest daughter of Mr. and stands on a different plane. When holders for payment, but have not Mrs. H. F. Macmillan, War- we find a shareholder ridiculed for wick Road, Ealing, London proposing a strictly orthodox line (late of Peradeniya, Ceylon) of action, when we find a motion ruled out of order and then actually put to the vote, then we In accordance with the resolu- begin to wonder where some tions passed at the extraordinary people acquire their knowledge of meeting of the shareholders held on January 21, 1926, the capital the conduct of such meetings of the company was increased by. The place for them is not at a the creation of 50,000 seven per Company meeting, but at a cent. cumulative preference shares at $10 each paid up, of which so Beginners Debating Club Share-far 45,000 shares have been issued. holders have their rights It is not "politic" to use a word much quoted at yesterday's meeting to It may be regarded as a natural deprive them of every possible op- sequel to the position in the portunity of protecting such Colony during the past eleven rights. It may be true, as Mr months that many limited liabi- Hall Brutton suggested, that a lity companies should now find shareholders' committee of en- themselves in rather an un-quiry would serve no useful pur. enviable position. It would have pose. That, however, was no good been rather remarkable had they reason for both Mr. Key and the all been able to weather the storm. Chairman (Mr Ellis) damning There is a great deal to be said the proposal as extraordinary, in favour of the declaration made unheard of, and out of order by Mr. Hall, Brutton, at yester Shareholders of companies in gen. day's meeting of the Hongkong eral in the Colony must begin to Development Building and Saving wonder where they are and what Company, namely: "We have lost are their privileges at annual and we have get to face it, but for meetings! heaven's sake give the Company
a chance. That sentiment could
ly to agree whole-heartedly.
I might explain that we closed the booka on December 31, 1926, instead of January 15 as last year, fent in regard to payments due at the end of the year and rents due at the end of the month.
I now propose that the report and accounts as presented be adopted and passed, and that the balance of $199,826.48 at debit of profit and loss account be car- ried to new account. When that has been seconded, I shall be glad to answer questions from the shareholders. T
Mr. H Dryer seconded. No question was put and the motion was carried unanimously.
as the latter date was inconven-
Other Business. Other business passed by the meeting comprised:
A Chinese servant girl was ar- Reelection of the consulting be applied with equal force to rested at Yaumati yesterday for committee (names as given many other Companies. It is one stealing a sum of $404 from No. above)-proposed by Mr. D. W with which shareholders are like-154, Woosung Street. Of this Muntor seconded by Mr. J.
sum $286 has been recovered. Toppin
Kara Murat Re-election of Messrs. Lowe, It is, however, unfortunate that
The master of a toy shop at Bingham and Matthews and an acrid tone crept into yester- First Street has reported that Meers, Percy Smith, Seth and flay's
meeting. Mr. Arcult was during his absence in Canton, an Fleming as auditors for the cur accountant collected $500 on be rent year proposed by Mr. A. prepared to go the whole way to half of the shop and absconded Keith, seconded by Mr. A. A "give the Company a chance." He with the money.
Botelho.
SINGAPORE LATEST QUOTATIONS.
Messrs. Carroll Bros are in re-
Indragiris
*Jérams Jimahe Kedahs.
Moscow, May 19, mishaps attended by
Fifteen men were electrocuted owing to a piece of rachinery in. works near Moscow fouling; the overhead high-tension cable.
Nineteen persons were drowned through the sinking of a ferry boat on the River Sulak, near Petrovsk.
Two passengers, one of whom was on the staff, of the newspaper Pravda, were killed and a mechanic seriously injured owing to créahing of an airship on the Mos- cow-Tiflis line tear Kharkov.
CORRESPONDENCE.
REPULSE BAY PIER?
the
Straits.
Allenbys
3:70
Alor Gajahs
3.00
Amalgamated Malays 505 2,90 Ayer Moleks Ayer Panas
14:50 Balgownies
5:00
To the Editor of the China Mail),
Bassetts... Brogag
1.50
1.90
Bukit Jelotongs
1.25
Bukit Katils.
1:40
Changkat Serdangs
„Connemaras
Glenealles
9.25. 2:00 2.95
11: 50:
1.95
2 75 4:90"
Kempas: Kuala Sidimg Lunas
10.30
410.
Malaka Pindas. Malakoffs.. Mandal Tékongs
*3:00-
5:00: .95
Mayfields
15:50
Mentakabs New Serendaha Pajamo
5. 20 13.50/
··1.40]
Sandycrofts
4:00
320
Sungei Bagan
435
Tapahs
34.50
Tambalaks
1.40,
Teluk Ansons
15.50
United Malaccas,
2.05 500
Punggors
Seudais
Utan Simpans
63
Sir- agree with your corres-. pondent of yesterday that a pier at Repulse Bay such as he suggested with facilities for bathing would be a decided attraction. I'gather- ed from his remarks, however, that' he was under the impression that the one which was destroyed in
1922 was erected by the Govern- ment.
The erection of the pier was, as a matter of fact, due to the entar- prise of the Hongkong Hotels Com- 4.35x d: pany and It, Is to them therefore that your correspondant's remarks should be directed although,,, of course, the Government, might in- tarest, itself in such a scheme f the Hotele Company did not see its way cleur to expand the money.
With the question of Repulse Bay bouch still more or less in a state of flux, it is doubtful, however, if the present is an opportune time. to press for such expenditure. However, It's a concrete suggestion and "Bather" will find many in symp thy with him.
Photo of a mail sezoplaj Ross Kirkpatrick, was killed on forced landing during a stor
A SYMPATHISER. Hongkong, May 19
Leman