Library, Supreme Court
THE SIX"
Studebaker
-Ly STUDEBAKER -- a name
which has signified long, depend able service for seventy-eight years. HONG KONG HOTEL-
GARAGE
25, Queen's Road C. & at Stubbs Road.
The Hong Kong & Shanghai Hotels, Ltd.
STEAMBOAT CO.
MEETING.
Lower Earnings for Year Explained.
>
EFFECT OF LOW EXCHANGE.
The
China Mail
No. 27,737
1845
HEBD
HONG KONG, THURSDAY, MARCH 5, 1931.
INDIAN AGREEMENT DEATH OF BRITISH
SATISFACTORY.
Congress Men Abandon Boycott.
U.S. TRADE GRATIFIED.
MINISTER.
Earl Russell Passes Away in Marseilles.
INDIA UNDER-SECRETARY.
Rugby, Yesterday. Rugby, Yesterday.
Earl Russell, Under-Secretary The Secretary of State for Kong, Canton and Macno Steam-India. Mr. Wedgwood-Benn, in of State for India, died suddenly boat Co., Ltd., was held this the House of Commons, announc-yesterday in Marseilles at the age morning under the chairmanship ed that the Governor-General, of 66 years.
Earl Russell, who had been re- of Sir Robert Ho Tung, who was Lord Irwin, had informed him
of conversations which cuperating in the South supported by the Hon. Mr. J. P. that
recent illness, Braga, and Messrs. Li Tse-fong, have been proceeding in Delhi France after his
The ordinary annual meeting of the shareholders of the Hong
the
M. K. Lo, R. K. Ratchelor, and concluded satisfactorily last night. was, it is understood, about to re- C. A. da Roža (Directors) and The Governor-General proposes Mr. G. E. Ellams, (Acting Secreto issue an early statement as to tary)...
the present position.
The following shareholders It is understood that the text' were present, Messrs. K. Stuart of the statement will be communi- Smith, A. M. L. Soares, M.cuted to the House of Commons Fernandez, J. D. Bush, M. H. Lo, to-morrow afternoon and will at Hung Taze-yee, Luk Pak-to, the same time be released in M. P. Lo, Wei Tai, Kwan Yau-India--British Wireless Service. kwong, Ho Leung, and Ho Po-
New Delhi, Yesterday, Mr. Gandhi for seven hours discussed with Mr. II. W.
sang.
The Chairman said:— The profit on working for the Emerson, the Home Secretary, period under review, including in-details in connection with carry-
from investments, rents, ing out a settlement.
rome
The con-
and profit on sale of shares versations related mainly to the amounts to $230,779.69, from restoration of confiscated pro- which has to be deducted cost of perty and the release of political repairs, depreciation, directors' prisoners.
and auditors' fees, and interest, leaving a net profit of $22,395.67. We carried forward from previous | account the sum of $19,123.10. which with the profit I have just mentioned, makes up the sum of $41,518.77 available for appro- printion.
Although the full terms of the settlement are not yet known. Congress leaders de-
Mr. B. Russell.
clare that they are pledged to turn when he was overcome by abandon the boycott as a poli- an attack which proved fatal.
Earl Russell was appointed tical weapon and they have limited the activities of the Parliamentary Secretary to the Ministry of Transport when the picketers ns, in arranging, a trucc, it is necessary to drop Labour Government was formed
in 1929 and later in the hostile weapons,
same Drummond
STOP PRESS
Washington, Yesterday. President 'Hoover. in a for- mal statement, describes the Naval settlement, "as a matter of congratulation for the whole world!
"
Subsequely Mr. Stimson indicated that it was satisfac- tory to the United States.-- Reuter's Ainërican Service.
Paris, Yesterday.
The Senate Finance Com- mittee has adopted the war estimates. involving a reduc- tion of 25 million francs. Reuter,
Rio de Janeiro, Yesterday, Ex-President Pitacio Pessoa. has been appointed Brazilian Ambassador to Washington.- Router's American Servico.
Washington, Yesterday. President Hoover has sign- ed the Act 'making "The Star Spangled Banner" the official National Anthem.-Reuter's American Service.
New York, Yesterday. A report from Bogota says that an agreement allowing the Colombian Petroleum Com..... pany (which is composed of United States interests) the right to exploit a million acres in the Barco Oilfield has been signed by the Colombian Minister of Industry. Bacro ja believed to be one of the world's greatest oilfields. It is expected that Colombia will now enter the front rank of the world's oil producers. The contract which provides for the Colombian Company to operate the field for the next fifty years ends five years' litigation during which there were frequent interchanges of Notes between Washington and Colombia. Three-quar-
TO-DAY'S DOLLAR. - The closing rate of the dollar on demand, to-day was 11d.
PRICE $3.00 Per Month.
ANOTHER BLOW FOR ELECTORAL
GOVERNMENT
BILL.
A SECRET?
An Irish Motorist thinks that the Dunlop Rubber · Company posters a valuable secret. Read what he says:—
H
from practical experience
I have been long since convincod that Dunlop covers and tubes are the best made for ears, motor cycles and cycles, I say this from long experience."
"The Dunlop Company, I think, is like Guinness & Co. It has manufacturing secret, undiscovered by its competitors,”
The Dunlop Rubber Co,, (China) Ltd. Pedaer Building.
Telephone 24554.
REFORM SHIP OVERLOADING
CHARGE.
Lady Cynthia Moseley Alternative Vote Clause
Resigns from Party.
BELIEF IN SOCIALISM.
Rugby, Yesterday.
Lady Cynthia Mosley, member
Carried.
COMMITTEE STAGE.
London, Yesterday.
The House of Commons, in the
of Parliament for Stoke, has re- Committee stage of the Electoral signed membership of the Parlia-Reform Bill, carried the clause in mentary Labour Party.
Lady Cynthia, who is a daugh- ter of the late Lord Curzon, is the
Lady C. Moseley.
Manager of Shipping Firm Summoned.
OBJECTION BY COUNSEL.
Mr. Chan Yan-tong, manager of the Sze Yap S.S. Co., owners of
the s.s. Tai Lee, was to-day sum-
troducing the alternative vote, the moned before the Hon. Comdr. division resulting-
For Against
277 251
Majority
26 -Reuter. There are seven principal pre- posals in the Government Repre- sentation of the People Bill. These proposals are:-
The voting at Parliamentary elec- tions to be by the alternative vote.
G. F. Hole, R.N., (retired) on a charge of allowing the ship to be overloaded to the extent of sub- merging the centre of the disc, at Ping On Wharf, at 8 p.m., on' March 1.
Mr. E. S. C. Brooks, who ap- peared for the defence, entered a plea of "not guilty," and raised
The division of certain double-objection to the summons on two member constituencies.
grounds (1) that Mr. Chan was The abolition of business pre not the owner of the Tai Lee, and mises qualification for registration.
therefore did not have any say
except in the City of London.
The abolition of University con- with regard to its londing; and (2) that he knew nothing about the
stituencies.
The provision for enabling the overloading, and therefore was taking of polls to be postponed in not liable. islands.
A restriction on tec use of vehicles nt Parliamentary elec- tions.
penses.
wife of Sir Oswald Mosley and was one of the adherents to his recent Memorandum announcing the formation of the "New Poll. tical Party."--British Wireless Service.
Abdicated to Tories.
paper. London, Yesterday. In a letter to Mr. Ramsay Mac- Cynthia Mosley,
•
Boarding Officer's Assertion
Boarding Officer Cook, who
took out the summons against
A maximum scale of lection ex-Mr. Chan, said in reply to the | Magistrate that he was unable to. Alternative Vote.
prove that Mr. Chan was the The firat clause deals with the owner of the Tai 'Lee, but, given alternative vote, the suggested rules time, he would be able to prove for which are set out in a schedule, that Mr. Chan was the manager
Your Directors regret that they
These state a voter may indicate his of the Company which owns the first preference by putting the ship, and that he knew of the cannot ace their way to recom-
figure one, or a cross, opposite that overloading. mend the payment of a dividend. It is reported that under the year succeeded Dr.
candidate's name on the ballot Mr. Brooks said that he did not As you are aware, after the settlement only peaceful picket-Shiels as Under-Secretary of State
wish to obstruct the Court and extraordinary general meeting ing shall be employed.
On the for India.
His brother, Mr. Bertrand
He may also place the figure two was prepared to admit that Mr. held on March 4, 1930, my pre other hand Congress members de-
Donald, Lady Russell, the famous mathemati- decessor in the chair demanded a clare that the boycott of foreign cian and author of many philoso-
opposite the name of the candidate Chan was the manager of the explaining her resignation, declares whom he would prefer if his first-Company. But, he said, even poll. This was taken on June 24, goods will remain-Reuter.
phical works, succeeds to the
choice candidate could not be jassuring that, the summons was 1930, and the various resolutions
Americans Pleased.
Peerage-British Wireless Ser-ters of-the Colombian Petrol
clected. Washington, Yesterday. submitted by the shareholders,
bad as the Company were the A candidate receiving an absolute owners of the ship, and therefore Trade circles are extremely vice. who requisitioned the extraordin-
ments. Mr. Snowden's recent speech majority of first votes would be de- the Company and not an indivi- ary general meeting, were passed gratified at the conclusion of the
had convinced her that the Govern- cleared elected.
dual in it should have been sum- by the shareholders with Irvin-Gandhi agreement which is
moned. ment had abdicated to a complete majority of 5,058 votes. Until anticipated favourably to affect the Directors were certain which American commerce. policy the shareholders favoured, It is believed that the Indian arrangements were made with demand for silver may be increas- the former farming syndicate to ed, thus helping American and continue working the Company's Mexican mines.-Reuter's Ameri- ships on the basis of 1929 farm-can Service. ing agreements, and this remain-
a
ed in force until the middle of 5.2 per cent. for the first six May. At this time arrangements months' working, but under new: were made for the farmers to management more favourable re- manage the Chinese freight and sults wore effected during the passage business on a commission second half of the year and an in- basis until June 30, as the result crease of 28.1 per cent. was re- of the poll would not have been corded. Compared with the im- known till June 24 and the farm-mediately preceding half-year, ers had intimated their unwilling- viz., January-June, 1980, the re- ness to continue the farming ar-sult is even more striking, the! rangements until end of June. ratio of increase in earnings be- As soon as the result of the poll ing 83.1 per cent. was known, the new Board had to
Macao Line Loss.
Collapse in Hotel.
Marseilles, Yesterday. Earl Russell collapsed in an hotel this afternoon and died of heart failure.
Hon. Bertrand
His brother the
Russell, is coming to Marseilles im- mediately.-Reuter.
COLLISION BETWEEN TWO STEAMERS.
Whilst Backing from Berths at Kongmoon
NO SERIOUS DAMAGE DONE.
A collision on the river, which fortunately did not result more seriously, occurred at Kongmoon
assume the responsibility of giv. As regards the loss of earnings yesterday afternoon, the vessela ing effect to such resolutions, and on the Macao line of $10,727.86, concerned being the 8.a. Wing On during the short period of June it should be pointed out that for (Captain Mutton), and the s.a. Tal 24 to June 30, of engaging the about 8% months during the necessary personnel and taking period in question the Company Lee (Capt.. Bousfield), both of over from the farmers. Mr. Hung had to compete with increased op- which were able to make the jour- Teo-yee was appointed Chinese position. Had the business been ney to Hong Kong, arriving here manager under my guarantee as farmed out, the farmers would, from July 1, 1990,
have been entitled to substantial last evening.
On
Company's stock is owned by the Gulf Oil Company and the remainder by the Carib Syn- dicate, which, it is reputed, is controlled by a New York banking house. The develop- ment of the field will begin im- mediately, including the build- ing of a $25,000,000 pipe-line to transport oil to the north- coast of Colombia on the At- Jantic alde-Reuter's Ameri- can Service.
"MASSACRE OF THE INNOCENTS."
Orgy of Obstructionist Tactics.
U.S. BILLS KILLED
Washingon, Yesterday.
ducers).*na
that the present Labour Govern- ment differs little from the pre- ceding Tory and Libéral Govern-
the
If no candidate received an acceptance of the philosophy of absolute majority, however, their most reactionary opponents candidate receiving the smallest She concludes: The only final number of first preferences would solution of our economic problem is be excluded, and the second prefer
ences on his papers transferred to the Socialist solution."-Reuter.
the candidate.
BRITAIN AND NAVAL
PACT.
Policy Based on New Agreement.
CHIEF FEATURE.
Descriptive,
The Magistrate pointed out that Mr. Chan was described on the summons as the manager of the Company, owners of the Tai The candidate who received an Lee. He emphasised the plural absolute majority at the second"" in owners, and suggested that count would then be declared elect-manager of the Company, etc.,"-
was descriptive.
ed.
Absolute Majority.
If ati no candidate had secured an absolute majority, the process of excluding the candidate with the smallest number of votes, and transferring the second preferences
Dundee.
until
але
of
Mr. Brooks agreed. Magistrate: summons is good.
Therefore
the
Mr. Brooks disagreed, arguing
DRIZZLE AND MIST.
Observatory's weather report to-day states: The depression has passed into the Pacific.
to unexcluded candidates, would be that Mr. Chan was neither the continued Rugby, Yesterday.
candidate master nor the owner of the ship, who were the only persons liable. In the House of Commons the secured an absolute majority.
The double-member constituencies The person named as defendant' Secretary of State for Foreign which are to be divided are Black on the summons was Mr. Chan, Affairs, Mr. A. Henderson, refer-burn, Bolton, Brighton, Derby, and for the reason he had stated ring to the Naval agreement Norwich, Oldham, Preston, South-that could not be. Besides, Mr. reached in the negotiations in ampton, Stockport, Sunderland and Chan knew nothing about the A massacre, of the innocents Paris and Rome, said that subject
overloading. He was in a Chin- Use of Vehicles..
ese restaurant in Des Voeux Road has been caused by a final orgy to the concurrence of the other of obstructionist tactics in the
The use of a vehicle at Genera: at 8 p.m. on March 1. Senate.
signatories to the London Naval Elections is restricted to the owner The Magistrate stated that the The measures killed include Treaty, a solution was found for or a member of his family resident question of knowledge was one with him. An owner, however, that had to be proved. He gave I think the results of working deductions in respect of this in- As far as could be gathered, the the Jenkins Immigration Bill problems left outstanding by the for the six months, July-Decem-creased opposition. If the amount colllaton occurred at about 8 p.m. (which would have greatly tight- London Conference. He explain-may register his vehicle with the a remand until next Monday
Officer Returning
LOV con- morning, when evidence would be ber under the Company's new deductible by the farmers was to as both ships were backing from Vestal Copyright Bill, and the the position of the conversational stituency he deafrea, and the Reheard.
ened up the regulations), the ed that, having been informed of Bystem fully justify the policy I be credited to the account, the re-
turning Officer wil allot these A similar summons taken out outlined when I addressed you a sult would have shown a profit of their berths clearing simultaneous Kendall Tariff Bill (the latter which have been proceeding for vehicles, with a vlow to facilitating against Captain Elvidge, master
ly for Hong Kong. approximately $9,772.14.
The ships further favouring American pro- some time between French, Italian the conveyance of voters to polling of the Tai Lee, was also adjourn- year ago.
It is gratifying to note that bumped stern on.
and British experts, and in view stations irrespective of party. Comparative Figures.
Investment Fluctuation Account.
od until Monday. Both were damaged, but as the The 71st Congress has now offi-of the possibility of further in- As you have no doubt observed shows an increase of $333,644.40 Wing On had more "head on" at cially ended.-Reuter's American creases in Naval armaments if an tion expenses, the present maximum With regard to the scale of elec- from the Directors' report, the and now stands at $678,728.60. the time of the impact, the Tai Service.
agreement were not reached at an is six-pence per elector in counties comparative figures for the Chin-This augmentation is due to the Lee suffered the more seriously of
carly date, the Prime Minister, and five-pence per elector in single- ese freight and passenger busi-exceptional rise during the past the two.
GHASTLY ACCIDENT the First Lord of the Admiralty member boroughs. The Bill pro- ness for the periods:-
year in values of certain local The Wing On was damaged on
and he were convinced that suc-
The Royal poses to reduce these amounts to (1). 1929, January-June stocks.
the starboard side, the most not-
cess could only be achieved by Avepenice and fourpence respective- (when such business was farmed In turning to the Balance Sheet iccable being the free board
getting into personal contact with out) and
Jy. you will notice a smaller sum has the lower deck, but the damage
in both countries. the leading Ministers concerned (2).— 1930, January June been written off for depreciation can be described as slight, (when from 1.1.30 to middle May of steamers. Hitherto it has been The Tal Lee was more 'badly nuch business was farmed out the policy of the Company to write damaged, on the aft port side, and but, thereafter, until 30.6.30 was 5 per cent. off the cost value of the will require attention. under Farmers' management) steamers or, in other words, However, the damage to both
and Rome, and it was only a keen
London, Yesterday. show that the receipts for the writing them of in 20 years. Or ships cannot be considered to be
desire for agreement manifest In In the House of Commons, first period exceeded those for the examination, your present Board serious, so much as that it was
China Sea. Captain G. W, Crum, 48 years both capitals that overcame the Mr. Henderson said that the second period by the aum of considered the policy might under learned that both will make the of age, $18.036.68 for the Canton line and go a change without detriment to trip to Kongmoon as per schedule Whangpopilot, met his death long prevented an agreement. He competition in Naval armaments. an American and a serious difficulties which had so agreement prevents a renewal of $20,963.80 for the Macao line the Company, as the average useful to-night. It is probable that the The comparative figures for the life of a river steamer is about. 85 Tai Lee will go into lock after her under ghastly cricumstances last emphasised that, whatever actual Moreover a break down of the 1929 July-December period (when years.
limitations were imposed, the negotiations would have vitiated We have therefore, writ return to Hong Kong The Wing such business was farmed out) ten off 5 per cent of the book On it is understood, will not dock.
He was driving a powerful outstanding feature was political the atmosphere in which the and for the 1980, July-December, values, instead of coat value.
Packard car in the Western dia and the fact that the agreement World Disarmament Conference He hoped period (when the business was
trict. He appeared to healtate at would increase feelings of friend-would meet in 1932. Reduced Earnings Explained. under the Company's own man. You will have seen from the re-
a turning failed to navigate the ship and co-operation not only be now all would meet in Geneva agement) show that, whilst the port that there has been a heavy
furn and crashed through a teletween the countries imurudiately with better prospects of ultimate Company received $10,727.86 less falling off in steamers' net carnings. Thres men, ore armed with a phone standard rooted up several concerned but between all the success all along the line, In the Macao line when the busi-compared with the previous year revolver, and another with a dag- trees, and hitra house from which signatories of the London Naval Mr. Henderson said that it
Treaty
would be clearly discourteous, to ness was managed by the Com-Gentlemen; you, will, I think, desire ger, entered a hut at the function the car rebounded.
The car, turned a somersault pany, it received 397,158.66 more me to explain to you briefly the of Argyll Street and Prince Ed
Mr.Alexander replying later give information of the terms of in the Canton line during the reasons for the reduced net sara ward Road at 7.50 last night. twice, pioning Captain Cram un to a question, said that the Gov. settlement until the signatories period of the Company's Lown inga.
After overpowering the occup-derneath.
crament's Naval policy was based to the London Treaty, including management than the corres The principal adverse factor is ante-a atallybolder his mother, The accident occurred outside on, hope of such agreement and the British Dominions, had time ponding period, in 1929 when the one Influencing practically all sister and two nieces-the robbers the Country Hospital, to where he Great Britain's replacement pro- to consider them. He hoped that business was farmed out business undertakings in the stole a pair of bangles, valued at was immediately taken, but was gramme, which was within the Mr. Alexander would be able to Compared with the gross earn Coleny, without exception, in with 120,BONISTA Lound to be dead He was almost limite of the London Naval give detalls during the debate, on Ings of the previous year, the revenue to derived wholly fli silvør
Shouts were raised by the vic-decapitated beside rarelving other Treaty, would in no way
prey the Navy Estimates next week- tonline showed a decrease of
Artims and the intruders: escaped, terrible injuries-Rentor
Judice the cause of disarmament Reuter.
(Continued on" Page
ARMED ROBBERY.
IN SHANGHAI,
American Pilot Almost Decapitated.
night.
PINNED UNDER CAR
Shanghai, To-day.
Mr. Henderson said that he and at the forthcoming World Confer- Mr. Alexander met with a mostence.-British Wireless Service. friendly reception both in Paris
Hopes for Geneva.
The anticyclone is central over the Yellow Sea.
Fresh monsoon along the S.E. Coast of China and moderate monsoon over the N.
Forecast: E.
winde, moderato; overcast, drizzle and.
Rainfall. Rafnfall for 24 hours ended
mlat.
at 10 am. to-day-0.02 Inch. Rainfall since January 1-0.96 -inch against an average. of
3.41 inches-deficit 2.45 incha...)
Temperature.
The temperature at certain. specified centres this morning, at 6 o'clock wasim
58 Hong Kong
Macao
59
A
Protas - Island ^..
74
72
54.
Manting Foochow
Chefoo Shanghal