SIXO
Library, Supreme Court
The
DUNLOP Special
OSN China Mail
When the boy' ge's *ir-
ed pushing his wagon
along, he rests, while
the wagon rolls merri-
ly on its way.
THAT'S FREE WHEELING!
JONG KONG & SHANGHAI HOTELS, LTD. (Incorporated in liung Kong.)
།
LISHED
1946
No. 27,772
HONG KONG, THURSDAÝ, -- APRIL 16, 1931.
TO-DAY'S
DOLLAR - The closing rate of the dollar on demand, to-day was 11.
Extra
Construction
For
Overseas
Motoring Conditions.
PRICE $3.00 Per Month.
FORT MOTOR CYCLE TYRES.
LOCAL BRANCH.
Pedder Bldg.
HONG KONG & SHANGHAI ROCKET PLANE AT PAYMENT OF CIVIL SALVAGE TUG TO
HOTELS
SATISFACTORY YEAR
SHAREHOLDER'S PLEA FOR A STABLE
CURRENCY,
BUS SERVICES' POPULARITY
Mention of a share issue that will make available a further twenty lacs for development of the company's properties was made by Mr. J. H. Taggart, who took the chair at the annual meeting of the Hong Kong and Shanghai Hotels, Ltd., this morning.
Mr. Taggart also referred to the benefits derived by the sale of the Majestic Hotel property in Shanghai. He was of opinion that although working profits showed a decrease, the year's business had been quite satisfactory in view of the unparalleled trade and exchange conditions.
The Company's buses had been kept at a high stage of efficiency and were increasingly popular. The question of the use of Diesel oil engines on the buses was ander consideration.
$27,000 LEGAL EXPENSES
LAST A SUCCESS.
Reaches 6,000 Feet and Glides Back to Earth.
WINGS UNFOLD.
SERVANTS.
H.K.'s Position Queried
in Commons.
NEW RECRUITS.
RESCUE.
Mishap to the Steamer Limehow.
PASSENGERS TAKEn off.
slate- nan Straits.
Osnabrueck, Yesterday.
London, Yesterday, The salvage tug Henry Keswick Claimed by its inventor, an aero- The rate of payment of Civil left Hong Kong at 4 o'clock this nautical engineer, Reinhold Till- Servants in Hong Kong was rais-morning to go to the assistance of ing, to be "a rent rocket 'plane," | cd at question Fime in the House the a.. Limchow which is aground because it returns near its start- of Commons to-day. Dr. Shiels, near Pochim Pagoda in the Hai ing point, a new rocket tried aut replying, confirmed the
a height of ment that Civil Servants recruit- According to first intimation re- here to-day reached 6,000 feet, where it automatically ed on a sterling basis were now ceived here by the Sing Keu Co.. unfolded its two wings and gilded paid on the basis of half at the the local agents of the Limehow, to earth undamaged. The rocket true and half at the artificial rate the grounding of the vessel occur was propelled by gun powder, and of exchange, and now recruits red after a collision with the .. the inventor contemplates con-would be paid on the same basis, Canton (the Messageries Mari- structing a man-carrying rocket.but the latter re informed of times, local agents); but later
the conversion rates.
news stated that the passengers of He added that in view of the the 'Limehow were taken off by serious financial position of Hong the s.a. Canton and the s.s. Kinng- Kong, the Government would not su and were being conveyed change the coversion rates if pos- Haiphong. sible at present, but the matter would be reconsidered on the re- ceipt of the report of the Com- mission which had been sent to Hong Kong to review the cur- reney position.--Reuter.
Reuter.
thereto from the profits of the preceding year, still remains to, the credit of that account.
COOLIE KILLED.
FLYING CLUB OFFICIAL'S
Depreciation Figures. Depreciation for the period ander review has been provided for upon our usual conservative Lasis. In this connection you will note that it has been considered expedient to withdraw the sum of $200,000 from the "Deprecia- tion Reserve," in order to main- The Chairman also referred in financial year, for the purchasers' Lain provision of depreciation on
ACCIDENT. passing to an item for over decision relative to the closing the basis of the standard set in $27,000, "legal and other ex- down of the residential portion of past years in respect of the Comi
CONFUSION OF NAMES. penses" in connection with the the establishment had an adverse pany's various classes of assots, Court action over the refrigerat- influence upon bookings retro-a matter to which propose to re-
It was learned this morning that ing plant at the Peninsula Hotel., spectively from the beginning offer to again later.
Coming to the assets side of the the Chinese who was knocked He added that the matter was the year. settled out of Court after a three Turning to the debit side of Balance Sheet, there is little call-down and killed by a private car weeks' hearing, which necessitat- the profit and loss account, you ing for comment, for the deprecia- ed heavy payments to expert wit will notice, on making compari-tion written off the assets accounts nesses and others,
sion with the figures in respect in most instances for the differ- Mr. J. E. Joseph; in the course of the previous financial year.ences appearing when making com of seconding the motion, made that "Rent, Rates, Taxes and parison with the figures of the-pre- an urgent plea for a more stable Licences" show an increase of ceding year.
CHAIRMAN'S SPEECH.
Investments.
currency in Hong Kong.
This increase is due He $26,882. deprecated the indiscriminate mainly to the imposition of a tax
I would, however, remark upon speculation that put the local ex- on the seating capacity of our changes in so precarious a state. buses, and to the inclusion of the one item appearing amongst the rental paid to the new owners of assets, namely, investments, which the stand in the Balance Sheet at cost, the Majestic Hotel, under
Of this igure ! terms of sale relating to that $462,174.48.
property, for the Company's ten-$459,790.07 is the cost of acquisi-| ancy of the establishment dur-tion of the Company's holding of ing practically the whole of the shares in the Grand Hotel des first quarter of 1930.
Wagons-Lits, Ltd., which holding represents approximately 90 per of that Company's issued The item of "Bank Interest" cent.
Financial Items.
des
more
a nominal return on
MORE RAIN.
To-day's wenther report, from the Royal Observatory, states:-
A depression covers China. Pressure is highest to the East of Japan.
Local facaat:-Southerly winds: miterate: squally; generally overcast; occasional rain.
Rainfall,
Impact Not Serious.
to
to
This seems to indicate that the grounding of the Limehow occur- reit in an attempt to avert a col- lision with the Canton and that the impact between the ships, if there was one, could not have been severe as the Canton appears to be undamaged and was able proceed to Haiphong with some of the Limehow's passengers The Sing Kee Co. wirelessed last night for more information on this point, but no further news has so far come through from the scene of the mishap,
Both vessels, which were built in Germany, fly the French flag and are registered in Haiphong.
Ex-German Vessels. Lloyds particulars of the sels are:-
"I HAVE LOST THE LOVE OF MY PEOPLE"
ALFONSO CALMLY RETIRES
KING FEELS THAT DISAFFECTION WILL NOT BE PERMANENT.
MOVING SCENES
Moving scenes marked the departure of King Alfonso from
his native country yesterday, when he was followed later by Queen Ena and the other members of the Royal family. "I renounce none of my rights," the King had declared in a manifesto prepared be-
fore leaving Madrid, and to his faithful followers he admitted that, although it was clear that he had lost the love of his people, he felt that by abdicating, he was performing a duty dictated by love of country. He wished that other Spaniards might have as deep a comprehension of their duty as he.
SPAIN ALWAYS GENEROUS
Paris, Yesterday. working hard publishing decrees A manifesto prepared by ex-| urging discipline and the main- King Alfonso before leaving tenance of order, nominating Madrid says that the elections Ministers, and establishing. clearly showed him that he had statutes for the Government, pro- lost the love of his people, but viding an amnesty and creating a conscience tells him that this dis- Ministry of Communications. affection will not be permanent, In a long apologin for its exist- because he always acted so as to ence, the Government declares serve Spain. Doubtless he erred that although it has full powers, sometimes, but Spain was always it is prepared to submit its actions generous to unwilful faults. He to the verdict of a constituent might have used various means Assembly, and recommends an to maintain the Royal prerogu- enquiry into the events preceding tive to fight his adversaries effec- the dissolution of Parliament in tively, but he resolutely wants to 1023, and subsequent happenings, eschew anything that might and the revision of official, civil, ves-throw his countrymen into a and military organisations.
civil, fratricidal war.
Canton (ex Kong Ring, ex Con- dor), 1,627 (953 net) tonnage, built in 1915 by G. Seebeck Akt, Gos., Wesermunde, owned by the Cle Indo-Chinoise de Navigation. Steel screw steamer, length, 242.4; breadth, 36.0; depth, 18.7.
Limehow (ex Song Ma, CX Thekla Bohlen), 2,239 (1,416 net) tonnage, built in 1894 by Blohm and Voss, Hamburg, owned by T. Pannier & Co. Steel screw steam- length 290,7; breadth, 38.1; depth, 23.7.
Rainfall for 21 hours end- ed at 10 a.m. 0.16 inch. Rain- fail
er, since January 1-7,26 inches against an average of 8.60 inches-deficit 1.46 inch. Temperature.
The temperature at certain specified centres this morning nt 6 o'clock was:-
Hong Kong Macao Manila Foochow Amoy
78
76
79
GQ
65
Chefoo Shanghai
42
52
Club.
The accident occurred
BRAZZE
the on
over-
Ti-na
by the
CUSTOMS PACT.
GERMAN MINISTER TO EXPLAIN MOTIVES.
CONCERTED ACTION.
Rugby, Yesterday.
A Geneva telegram to-night saya the League Secretariat that he will explain the motives of the Austro- German agreement in the Euro-
discussion on the failure of the pean Committee on May 15, in the
the Conference for concerted commercial Convention drafted by economic action in March last
"Love of My Country."
It concludes by assuring respect of private property, and the im- provement of the condition of the King Alfonso, in his mani-peasantry. The amended list of festo, says: "I renounce fone the provisional Government is of my rights. I am waiting Senor Martinez Barrios as Minis- to learn the real expression of ter of Communications; Senor collective opinion of the public,| Nicolau Dolwer as Minister of and until the Nation has Economy; Senor Marcelino spoken I shall deliberately | Domingo as Minister of Public In- suspend the exercise of Royal struction, and Senor Fernando power and depart from Spain, Delosrios as Minister of Justice. thus recognising that she is
Navy Turns Republic. the sole mistress of her dea-
The Commander-in-Chief . of tinies. I am performing a the Naval Squadron has tele- duty dictated to me by love of graphed from Cartagena that the my country, and I pray God Republic has been proclaimed in that other Spaniards may have all warships. Advices from as deep
a comprehension of Tetuan state that the Republic their duty as I."
has been acclaimed in Spanish Morocco. The High Commis- Madrid, Yesterday. sioner has telegraphed Madrid Ex-King Alfonso's departure announcing his adherence to the from the Palace, which was ar- new regime. The native guard the High Commissioner's ranged very secretly, was most in
Moving Scenes.
In moving the adoption of the report and accounts, Mr. Taggart said: You will observe from a perusal of the credit side of the profit, and loss account that the. bulance of the working account amounted to $1,296,430.35 against you will note is reduced by capital. $1,358,969.16 for the preceding $109,415, this being consequen- The Hotel operated by the Grand Wagons-Lits, Ltd., year. Although a decrease of tial upon the reduction of the Hotel $62,529 is thus displayed, this re- Company's indebtedness made situate, as you know, in the Lega- sult should not, in the circum- capable by the receipt of the tion Quarter of Peking, has, over stances, be regarded as unsatis- funds representing the purchase the past few years, had to contend factory.
price of the Majestic Hotel pro-with competition from an estab- Last year's result has been ob- perty.
ishment offering. the advantages tained in spite of the adverse You will observe that the item attaching to a building of trend in exchange during the "Audit, Accountancy and Legal modern construction, and, more- major portion of the year, with Fees" is increased by $27,965, over, the volume of tourist buai- consequential increased cost of This increase is brought about by ness fell for short of reasonable
Replying to a number of House affecting. While motor cars were office, mistaking the intentions of imported comestibles, beverages, the payment of legal, etc., fees in- expectation, due to the long pre- political situa-
of Commons' questions on the pro- waiting and courtiers standing demonstrators holding a proces- fuel, etc. Moreover, the drastic enrred by the Company in con-valling unsettled
posed Austro-German Customs by a so-called "secret" door open- sion, fired, wounding eight per- depreciation of the local currency testing the action brought tion in the North.
Union, the Foreign Minister, Mr.ing on, the Campo del Mora, King sons. inflicted considerable increases in against us by the firm who in- The somewhat small operative
Touts Make Hay.
New York, Yesterday. our operating costs in every de- stalled the refrigeration plant at profits made over the, past four in the New Territories was a man Arthur Henderson, said that he Alfonso went to the room of his partment, and necessary replace the Peninsula Hotel.
years, being insufficient to provide named Mow Fung, (71) who lived was in consultation with the Pre- ailing son, Prince of Asturias,
nin hut at, Tai Wan Village. sident of the Board of Trade, Mr. with whom several nobles were Municipal publicists are seiz- ments to plant and machinery, This firm claimed from the more than
The driver, of the car was Mr. W. Graham, on the economic as conversing.
ing the shining hour afforded by and the general equipment of the Company certain moneys as be-[your investment in that Company,
The nobles departed, leaving the King's abdication, and wire- Hotels, were perforce effected at ing a balance due to them under have been utilised for the purpose W. R. Hawes, described as ground pects of the proposed Customs
King Alfonso alone with his son. less messages have been sent enhanced cost.
their contract for the installation of depreciating the whole of the engineer at the Hong Kong Flying Unlan.
King Alfonso, re-appearing, from Los Angeles inviting King More Patronage.
of the plant, whilst your Com-assets on a more liberal basis than Club. Yesterday's report gave the
saluted the bystanders. His face Alfonso to come and forget his The Company's establishments pany contended that a counter-the actual e t reof demands. name as Mr. Howes, but apparent- in Hong Kong have experienced claim existed on their part in re-Aa a result rigld conservation of this was incorrect, Mr. Hower that Dr. Curtius has intimated to and manner did not betray emo- troubles at the Fiesta to be held there in September, and from St. cash resources has been made, and being the pilot-instructor at the
tion when he said.
"I have to demonstrate that Augustine, Florida, inviting him during the year an appreciable spect of faulty work."
This action was equitably set-by judicious investment of the sur-
than to settle down in the homely at- increase in patronage over that
I am more democratic those who consider themselves mosphere of their town, the old- enjoyed last year, more particu- tled out of court after the trial plus funds it has been possible to
democratic. It was the only one est city in the United States, larly from transient guests. Our had been proceeding about three build up an Investment Fund of Sai Kung Road, near Sa establishments in Shanghai, how weeks, a course of action your satisfactory dimensions, and, in Village, when the man was
thing to do after the result of with a Spanish background dat- Sunday's voting, and if I failing back to 1505. ever, were, during the earlier Board deemed it advisable to ac- this connection, you will be in-taken and knocked down
ed to do this I should bring
Tangier, Yesterday. portion of last year, in the mat-'quiesce in, for the highly tech- terested to learn that the Grand car.
about civil war. I love Spain Blood has been shed in ter of rates, placed in the position nical nature of the case involved Hotel des Wagone-Lits, Ltd., has somewhat the retention of expensive ex-been enabled, at March 81 last, to
too much not to do this." of having to meet
Tetuan through a difference of was redeem the whole of its indebted- severe competition, with the ad perts as witnesses, and it
The listeners were in tears as view regarding the new Spanish King Alfonso, with affectionate Republicans. The crowd insist- vent of a new hostelry in that considered that, if the case had ness to the holders of its Deben been carried to conclusion after ture issues, totalling Tientsin port.'
hoising the Republican phrases, embraced them severally ed on Nevertheless, the progressive further lengthy trial, consider-Taels 231,900.
and partook of a light supper. flag on the residence of the I think I may say without undue effect of resistance resulted in a able additional legal expenses
He bid farewell to the Queen and senior official. The latter object- gratifying volume of patronage would have been involved, irre-optimism that the Company's im-
his children, asking them to re-ed and ordered the guard to fire. BEFORE END OF ABRIL.
turn to their room. being experienced at the Com-coverable even in the event of the proved position as a result of being
He then Two persons were killed and spoke a few words to the Guard several wounded. pany's two hotels in Shanghai, Company obtaining a verdict in relieved of all debt, alded by the
The King of Siam is at present
and The Colonial Secretary_informs of Honour
Halberdiers, leading to a satisfactory contri- the action, a state of affairs, greater volume of business now
Madrid, Yesterday. us that the Hong Kong Currency whose officers broke into cries of Ugly auspicion for the moment bution from that source to the which, in the opinion of your experienced at the Hotel in Peking, indisposed aboard the liner Em- general working account profits. Board, the monetary importance is such as to warrant anticipation press of Japan, according to a Commission wish to make it "Viva el Roy." All were very dangerously replaced the good- Coupled with this fact it is pleas of the matter at issue did not of an early termination of the wireless despatch, and the Slam-known that they are prepared to moved but the King, still calm will with which the crowds had period of non-productiveness of ese Minister has cancelled the en-interview any persons who desire waved his hand, turned as he en- previously regarded the Civil ing to report that returns from warrant.
tertainments arranged for his ar-to place their views before them, tered the lift, and said quietly: Guards. the northern port during the first
Excited people started jrival on April 17-Renter. quarter of the current year re- You will note that the expendi-
*Mortgage Loans.
at any time before April 30. "Long live Spain," and departed.booing and balting the Guards ne
Monarchical relics. The situa cord further improved business ture for the year under the head- Turning to the liabilities' side of
Persons who desire to avail
Queen Departs. t over the corresponding period of ing of "Maintenance and Re-the Balance Sheet, you will
themselves of this invitation are
Hendaye, Yesterday. tion was saved by senior officers." last year tangible evidence of pairs' Is down by $43.438, via a that "Depreciation Reserve" has
requested to send their names to Queen Enn with her family ar- ostentatiously tearing off the the adherence of a clientele at via the previous year. Whilst mak-uffered reduction to the extent to your establishments in Shanghai ing reference to this item which I have previously referred.
Mr. N. L. Smith, at the Colonial rived by train here and was re- Royal crown from their uniforms. Secretary's Office, together with spectfully greeted throughout The rank and file followed suit sufficient to maintain a satisfac- would mention that expenditure The item "Loans secured by Mort-
precis of the evidence which the route. There was some de- to the shrieking joy of the be tory volume of business there. incurred in effecting moderniss-gages" stands at $4,800,149.81 on tion of certain equipment, which December 81, 1980, as against
they desire to tender and an in-lay, owing to an overheated axle holders. Majestic Hotel Sale..
Treaty to Be Scrapped. timation of the dates and times and the carriage had to be chang-
Paris, Yesterday. With regard to the disposal of strictly speaking could be in- $7,042,128.14 in the accounts for
on which it would be conveniented... the Majestic Hotel, although the cluded within the purview of the previous year, the reduction
General Sanjurgo, head of the Indications of the Spanish Re- Government's policy. property was not handed over by capital expenditure, has been
The Commission have already Civil Guarda, and a special body publican this Company to the purchaser written off out of revenue. Fur-under this heading being effected in the House of Commons, re for them to appear.
as a result the receipt of the plying to-Sir Kingeley Wood, Mr. until March 81, 1830, & diminu thermore, in this connection, it purchase price of the Majestic Arthur Henderson stated that the received evidence from a number of Guards wearing red brassards, were given by Senor Prieto when tion in the earning capacity of was not considered expedient to Hotel property
negotiations with the Nanking of gentlemen, whip appeared be accompanied the Queen to the interviewed in the train, proceed- ing to Spain. He affirmed: “We shall meet all our financial en- that establishment was experiencroach upon funds standing to "Bundry Creditors" are less by Government in regard to extrality fore the Currency Committee of frontier...
were still proceeding. He was not 1930 or have been put forward as Discipline Urged. enced during the first, and inci- the credit of the "Repairs and
While Spain was holidaying the gagements." set in a position to make a state witnesses by various public
Government was
(Continued on Page 12.) dentally what we regard as the Renewals Account, and the sum
Iment on the matter.Reuter an
provisional bodies in Hong Kong. most productive quarter of our of $100,000, which was allocated
Maintenance Charges.
this investment.
$188,191
(Continued on page 7.)..
noto
SIAMESE KING ILL. INDISPOSED ABOARD EMPRESS OF JAPAN.
ENGAGEMENTS CANCELLED.
Vancouver, Yesterday!
EXTRALITY ISSUE.
NEGOTIATIONS" SAID TO BE PROCEEDING.
$
MINISTER'S STATEMENT.
-London, Yesterday,
year-British Wireless Service. OUR CURRENCY.
COMMISSION'S INVITATION FOR INTERVIEWS.