ASAHI BEER
Just the very brand...
MITSUI BUSSAN KAISHA, LTD.
THE NEWSPAPER EITEREK
Library, Supreme Court
Medite
Business Managor
ChinaTMTM Mail
No. 27,437 HONG KONG,
TELEPHONE SERVICE TO CANTON
EARLY INAUGURATION FORESHADOWED THIS MORNING'S MEETING
Interesting developments in the field of long-distance telephony in South China were foreshadowed by MF. J. Scott Harston, Chair- man of the Hong Kong Telephone Company, Ltd., at the annual meeting this morning.
"Very definite progress," he said, had been made towards the installation of a Trunk Telephone service to Canton, and, subject to Government approval, the service would be inaugurated in about one 'year from dute. There would be 24 lines, to be carried in a special underground cable, and the service would be on a no-delay basis.
TRUNK LINE TO SWATOW
The Chairman made the further interesting announcement that in due course a trunk line to Swatow and other points might be expected, so full of possibilities was the situa- tion in South China for long- distance telephony.
Referring to the installation of the new automatic system, the Chairman regretted that there had been some delay, owing to the late arrival of portions of the equip- mont. The Contractor DOW AS- aured the Company, however, that the system would be tested and ready for operation by the last week In April.
As regards finances, the Directors had decided, In view of the heavy outlay in making the change-over. that a call of $2.50 per share should be made on partly paid shares on June 30 next. It was desired to keep the subscription rates at the present level, notwithstanding the expense of the changes-but this decision would largely depend upon the results obtained under the Automatic system.
Directors recommend the adoption of the appropriations shown, and I would like to direct your attention to Change of System Account which provides for the writing off, as at assets December 31 1929, those which have beerne obsolete owing to the imminent approach of the change-over to automatic working, to which I will refer later.
Under normal circumstances obsolescence would, as far as practi cable, be taken into consideration in fixing the rates for depreciation for the various classes of plant bus,
as you are aware, under the terms
of the Company's, franchise a limit is fixed as to the maxium amount to be charged for depreciation In any one financial year.
It was consequently not possible for your Company to provide for depreciation, In the short period ita which
to
WIEN. ALL 4000 PEOPLE WERE THINKING
OF GOING HOME
то DINNER
DARKNESS
SOON OVER CANE
THE GAME AND FROM THEN
ON IT WAS DIFFICULT TO FIND OUT HOW THINGS WERE GOING SOMEWHERE
BLISHED
1845
SATURDAY, MARCH 15, 1930.
"WHEN THE SUN, WENT DOWN"
---The
TO-DAY'S DOLLAR, closing rate of the dollar on demand, to-day was 1/5 13/16.
PRICE $3.00 Per Month.
SOUTH CHINA STARTED
NAVY
TO MEET THE
IN THE SHIELD SENI-FINAL. BROOK HERE
KEEP ON
AM I ・STILL IN GOAL!
NEAR THE END, A GREAT SHOUT WENT UP. IT EVENTUALLY TURNED OUT
THAT THE
REFEREE
STRUNG UP WIRE
A PRETTY MOVEMENT BY
YOUR OWN)
By this GETTING LOST AND WANDERING ON
WHILST THE GOALIES NEVER
KNEW WHETHER THEY WERE
A NAVAL FORWARD WAS SPORT" TO ANOTHER GROUND IN GOAL OR NOT
HAD FOUND THE BALL
WITH
ALLEGED ATTEMPTED MURDER OF WATCHMAN
TOWEL DOWN HIS THROAT
·
since has elapsed Inauguration on July 1, 1923, on
An audacious attempted murder and a scale sufficiently extensive
robbery. was revealed this morning in enable it to have retired, through Kowloon, when workomen of the Duro the account, the whole of the assets Motor and Engineering Co., who were which have become obsolescent by coming in shortly before 8 o'clock, found The Chairman asked the Com- reason of the change of system, the Chinese watchman of the place view of the very bound and gagged, and strung up to a pany's aubscribers, and tile general especially in
of window frame behind the lavatory door. programme public, to co-operate with the Com-comprehensive
The unfortunate man, who was al- expansion car- pany to ensure the smooth working modernisation and
Hia bean most systematically bound. of the new system, urging them to ried out by the Company since it most in extremis when discovered, had note carefully the instructions inception. issued, and also that the demonstra-
Your Directors, therefore, after feet were boand, and his hands tied be hind his back. The intruders had ther tlon models set up by the Company consultation with your Company's
atrung him up to the window with the be visited and thoroughly studied. Auditors, decided to utilise the electrical wiring, which was looped
Chairman's Speech
Share Premium Reserve for the round his neck. Not satisfied with this, In moving the adoption of the purpose of extinguishing the Ob-the robbers had stuffed a towel down the
Almost Dead Report and Account the Chairman solete Plant Account, and I feel man's throat, and gagged him as well. confident that Shareholders will Eald:-
The Police were sent for at once, as fol- endorse the conservative policy of The auditors' report is
your Board in this connection, and when Det.-Inspector Failon arrived lown
"We have audited the books, particularly having regard to the the scene the man was almost dead. obstacle removed from the man's accounts and vouchers of the fact that, although your new Aurompt measures were adopted and the Company monthly for the year tomatic Plant will incorporate the throat. He was rushed to the Kowloon Intest developments in the art of Hospital, where at the time of writing ended December 31 .1929, and have obtained all the information Telephone Engineering, it in turn he is still lying unconsicious.
On investigation, It was found that and explanation we have requir-will, no doubt, become obsolescent ed. The plant, attings and in the course of time and will re- the sum of $97 in cash, and a Royal
ing. stores, rendered obsolete by the quire to be periodically renewed typewriter, valued at $180, were miss- In the absence of any statement from change of system, have been in order that it may keep pace written off at valuations made by with the very rapid strides which the watchman, Hittle light can
In our opinion, are being made in the field of thrown upon the affairs as yet, although the Manager.
the case is similar to one reported from the balance sheet a properly. telephonic development.
At the last Annual General Pilt Street some time ago. drawn up so as to exhibit a true and correct view of the state of Meeting you approved the appro- alfair of the Hong Kong Tele-priation of $25,000 to Obsolete phone Company, Limited, as at Stores Reserve, and you will ob-
servo that this Reserve has been when obviously provision should December 31, 1929, according to
be made for the amortisation of our information utilised, in the manner contem- the best of and explanations given to us and plated, for the purpose of writing such amount over the period of
as shown by the Books of the Company. Lone, Bingham & Matthews, chartered accountants, auditors; Hong Kong, February 10 1930."*
The Accounts
Referring to the accounts, you will observe that the profit for the year under review, carried to the credit of Profit and Loss Appropriation Account, amounted to $802,200.25, which shows an increase of $41,- 295.80 over the preceding year, and is obtained after deducting $195,-
ba
50 years which constitutes the
off Stores which have become un tenure of the Franchise where- serviceable in consequence of the under your Company operates-in change of system.
which relation it must be remem- The balance required to provide bered that the Telephone Ordin for the full amount of $271,298.97, ance stipulates that, vis-a-vis shown under Change of System. Account after utilising the Share modern inventions, your Company Premium Reserve and the Stores Obsolescence Reserve, has bean appropriated from Profits, and re quires your confirmation.
Reserve and Investments
must so conduct its business as to provide as up-to-date a tele- phone service as it would provide
its franchise were perpetual. Additions to Land and Buildings amount to $44,836.60, representing With regard to the Balance in the main the balance of ex- Sheet, you will notice that Gan penditure on the new Kowloon for payment to Government of eral Reserve Account will stand Exchange Building, which was Royalties, as required by the Tele. at $225,000 if you approve your completed during the early part phone Ordinance; and $474.67 for Directors recommendation that of the year. writing of bad debts. Deprecia- $50,000 be appropriated therato
681.90 for Depreciation; $83,960.00
On General Plant the additions' tion shows an increase of $27,107.64 for the year under review. That amount to $337.256.55, whilst Au- over the previous year and the account is represented on the tomatic Plant Preliminary Ex- larger allowance in this connection contra side by investments, and I penses now stand at $572,899.43, sure that your Directors which latter sum will be incor is necessitated by reason of the m capital additions to general plant policy in investing the Reserve in porated in General Plant Account made during the year in the normal securities outside the business will when the New System becomes
operativa expansion of your business, commend itself to all Sharehold The expansion, you will observe, ors, since the adoption of that has resulted in the amount of course, where possible, is in con- Royalties payable to Government formity with the principles of being $2,312.00 in excoes of the pay sound finance. ment for the previous year
Bad debt continue to decresse even though they
small lant Fear
is fodicative of the
Company's
(DON'T NICK! RE,TM A
SPECTATER
YourE ONE) WE HAVE
-8 KON
IT WAS VERY DARK AT THE AND THE GREAT FINISH AND "THE OFFICIALS 10 FIGHT WENT ON GREAT DIFFICULTY FINDING,
ONCE MORE
ALL THER PLAYERS ST4, THUS
STOP
PRESS
Nanking, Yesterday.
Yeh Chut-sang, Chairman of the Kuomintang Publicity De- partment, has been appointed concurrently Chatman of the Kiangsu Provinejal Govern- ment.-Reuter.
MASTERS & MATES
Oral and Written Examinations
www.
A matter of vital importance to the mercantile marine service is contained in the current issue of the Gazette. It states-Rules 13 and 14 of the rules and matos in the mercantile marina relating to the examination of masters made by the Governor in Council and published in Government Notification No. 368 in the Gazette of November 21, lowing rale is substituted therefor 1918, are hereby rescinded, and the fol-
Candidates for any grade of certi- Acate will proceed to the oral examin ation irrespective of whether they have passed or failed in their written work.
Where a candidate paises in the written portion of the examination
CHANNEL TUNNEL
Dainty, Eyeglasses N. LAZARUS Ophthalmic Optician
13, Queen's Road Central.
POISON GAS
FOR CHINA?
MAY BE BUILT AT CARGO OF DUM-DUM
COST OF £25,000,000
BULLETS
ASSET TO TRADE LOCAL RUMOUR
COULD BE OPERATED ARMS CONVENTION
PROCEDURE ECONOMICALLY
London, Yesterday,
It is perhaps only natural in
The official commission investhese days of trouble and stress in tigating the feasibility of a chan-China, that rumours of arms ship. nel tunnel has reported in favourments from one port to another, or of the construction of an experi-
mental pilot tunnel, at a cost of by certain (or all) nations, should 25,600,000, and, if successful, gain currency In Hong Kong, which, traffic tunnels should be con-situated as it is, is the logical base structed at an estimated cost of for the dissemination of propaganda €25,000,000. The Commission re-by the various warring factions. commends that the work be ear-
The China Mail, having received
ried out by private enterprise with Government financial assistance, a report that a shipment of two and expresses the opinion that the thousand cases of ammunition was tunnel could be built, maintained recently made to a southern and and operated economically, and, foreign port--and having noted a by creating now traffic, thus in further, and serious allegation that creasing trade, would be of econo- such shipment contained 28 cases of mic advantage to Great Britain, explosive t"dum-dum") bullets and Lord Ebbisham, a Director of substances for the manufacture of the Southern Railway, contributes poison gas-made enquiries in au- a dissenting minute, opposing the thoritative quarters, only to find scheme on economic grounds. that such allegations were
founded upon definite fact.
International Procedure
STEEPLECHASE AT Reuter.
FANLING
GOOD PROGRAMME ARRANGED FOR TO-MORROW
GRAND NATIONAL
[By "Wambat"]
The Fanling Hunt and Race Club will be holding a very im portant meeting to-morrow after- noon at Kwanti when a programme of five-avents will be decided, the principal of which will be the Fanling Grand National and Pierce Grove Cup."
Shamrock Stakes
The opening event is due t start at 9. p.m. sharp and should The attract a substantial field. race appears a fairly open event. Fernleaf displays his best form over this particular distance and Sunloch is in top-hole condition,' looks a winner here. and is equally well at home oves the mile.
James Pigg was well beaten at the last meeting, but is showing good form in training and may, therefore, be close at the finish.
The March Cup November won at his last out
not
[The scheme of constructing a tunnel under the Channel has It cannot be too strongly emphas- been the subject of controversy feed that any requests for supplies for the last half century. Some of arma by interested parties in yeas before the war a company China must be first of all put before was formed for the project and the Consular representative of the 'a shaft was actually sunk on nation approached. Further, such the shore at Dover, a similar request must meet with the approval excavation being made at Calais. of the Governor, or appointed re- The project, however, was end-presentative of the nation, before of the Con-being submitted to the Diplomatic ed by the action servative Government then in Corps in Peking for final sanction. power, which,, supported by the This procedure is adopted in accord- War Office, which greatly fearance with the Convention for the ed that a channel tunnel would Control of the Trade in Arms and destroy the insular security of Ammunition, signed at the Paris Great Britain in the event of Peace Conference in 1919. The t hostilities, rigidly prohibited the Convention further specifies that: work of construction from going arms the, use of which are prohibit- forward. The question wased under international law, (dum- again raised in Parliament laat dum bullets coming under this year, the principle argument in beading), shall not under any cir favour of its construction being cumstances, be exported. that it would provide employ-
Reserve Necessary ment for hundreds of labourers.
Rumours of any violation of this Tunnel excavation, however, is Convention by any of the signatory a type of work requiring skill-nations must therefore be treated ed men, and it is likely that with great reserve. It is only to only expert miners would be be expected that
charges and employed. In any case, the counter-charges should be made, French Government, who have especially in view of the present been asked to share the coat of state of affairs in South China, but the scheme, anticipate employ- when traced to the actual source, ing a number of French labour- they are discovered to be based on ers.]
very zebulous premises.
Talk of poison gas and dam-dum bullets being imported into China ts easy to manufacture-but it would be more satisfactory if de- finite proofs of such Importations could be produced.
A MAIDEN OFFENCE and fails in the oral, or vice versa,ing, and is considered to be a good hin pass in that portion in which he thing in this event. has satisfied the examiners will hold Christmas Frolle, on his pro The 14-year-old girl who was good for a period of six months from Į viour running on the flat, may yesterday sentenced by Mr. B. E. the date of the examination. If he stage an upset.
Lindsell to four months' hard labour
In the meantime, it can be safely does not pass the remainder of the
Mowgli rarely disappoints, and for stealing $1,050 from her mie
stated that the examination within this period ha will again be required to be examine should put over a good showingtress, a Chinese woman lying in and definitely
over this distance.
Pokfulam Road, was again before nations signatory to the Armis. Con- vention are not so far lost in a sense Fanling Stag is useful and en-his Worship this morning.
Mr. Lindsell told the girl that in of honour as deliberately to violate ters well into the argument, al
view of her youth he did not like to it. though carrying a big weight
sent her to jail if other means of dealing with her could be found, Therefore he ordered the girl to bel held in Folice custody until Toesday, when she would be referred to the Secretary for Chinese. Affairs.
FAIR WEEK-END
This morning's weather re- port from the Royal Observa- tory, states:
The two depressions have merged into one and are cen- tral over South-east Max- churia.
The anti-cyclone has streng- thened, and is now central over the Lower Yangtze Valley.
Forecasts N.E. winds, me. derate; fair,
The Spring Maldens Diana is the most likely looking pony here, and should run well after his rest since the last fat
mesting.......
Sucre has disappointetd on many occasions, but should do better' here, and may be placed.
Sixty would be better suited by a shorter distance, but he should run well in spite of the long trip, Fanling Grand National and
Pierce Grove Cup
CHINESE IN INDIA
K. B. S. F. P. A. DANCE
A very enjoyable dance was held by the Kowloon British School Former Pupils' Association at the Central British School last night. A large number of former papils and their friends were present and It is notifed for general informa the dance music was supplied by tion that the Government of India "Mickey and His Rhythm Boys".
During the interval, refresh- has intimated that entry into India
on and after April 1, will be refused ments were served, after which an to Chinese nationals who are un-Impromptu concert was staged, in, able to produce regular passports the course of which Miss Nellie Field gave a clever exhibition of duly vise for entry into India.
dancing.,
MY SELECTIONS
As You Like It will command ad both in the written and in the vial portions. The Gorether may in ex-most attention in this event, in ceptional circumstances decide to ex- he was a winner last year, and tend the period he will again be ro is supposed to have improved com quired to be examined both in the siderably since he last raced at | written and in the oral portièns. The
Fanling. Governor may In exceptional circum-
Huntington is decidedly usefm 1st Race: stances decide to extend the period in this clace, and is by no means up to a limit of one year.
badly handicapped.
Fanling Stag over this distance at one of our recent meetings was 2nd narrowly beaten by a good one, which points to his chances here.
1-Fernleaf. Z-Sublock. 3-Slang River.
Race:
1Christmas Fro 2-Mowgli,
In the case of a second failure or any subsequent failure in the written or in the oral portion of the examina tion or in both, an interral of two months must alaps from the date of the last fallure before a candidato can be re-examined. No further penalty will be imposed save in those Buster possesses a very good 3rd Race:-- Casel where the examiner considers chance of winning here, so I de 1--Sunloch. terms of its franchise, credit the 888,040,46, and this overdaft-will---y servics will not moosed six months. not expect this held to be a very
The rule came Inte option from big one.
Call on Shares Coming now to the cask posle tion, you will observe that your Company is carrying an overdraft, Unfortunately, however, your which at the end of the financial Company cannot owing to the year under review, amounted to
Reserve Fund with the Interalt be. Increased as furt iments:
ques
further sen service necessary. The
Board
*** St. Patrick's Steeplechase
8 November.
2—Diana. B-Sucre. Race:--
Montans in the pick, however, 4th and will probably run the rest of 1.—As You Like I
2 Huntington ition "off: legs tryi
up with hims
Blotting Paper. blang will go, to the 5th face:-
1-Buster
Montana. Mova
foot offnent Column)
NEW APPOINTMENTS
During the absence of Mr. E. L.. Agassiz, Official Receiver, HLE. the Officer Administering the Govern- mont (Hon. Mr. W. T. Southorn) has appointed Mr. E. P. H. Lang to: act an Official Receiver in Bank ruptcy, and also Registrar of Trade marke in addition to his other duties.
TENDERS ACCEPTED
The following tenders have been accepted by the Government
* Mr. Ma Yul-ting, $2 407.4L for the erection of permanent shops a Rallway Stations
Mr. Lam Shin-shek, for the mak ing of uniform for the Kowloon Canton Railway from-March, 1980
bruari 1981.