MONDAY, AUGUST 31, 1931.
GOOD HATERS,
A Duty No Longer
Preached.
2
PET ABOMINATIONS,
"He was a very good hater," said Johnson, advancing it as a rund reason for liking a man. To bute the same things and the
friendship than ጊዜያ similarity of taste. Those
THE
COMPANY MEETING. heme they have in view, and
(Continued from Page 1)
shareholders, for their decision, and any questions would be fully dealt with.
1
CHINA
MAIL.
MR. JOSEPH GOULD.
In supporting the resolution, Afr. Joyph Gould sald:-
should like to be permitted to
SHADOWS BEFORE
which, they trust, will be regarded to evidence ut enterprise and, an to omleavour earnest of a real place your Company on - plane nimove that of only a modest in-ny fast words in support of the dustrial undertaking.
resolution submitted from the| COMING EVENTS ANNOUNCED
Becondled
by Mr.
IN CHINA MAIL.
Kaurie
+Hel
Entertainments. To-day Kings Theatre; "Charlie Chan Carries On."," To-day Queen's Theatre; "Stepping Out."
It is most desirable, in your own! interests, that such a scheme should
In dolig so, ni fully alive to contain the elements of permanent Mr. Joseph Gould, supporting value, and aim at establishing the the fact that we are about to ven- the resolution, paid tribute to
Aure into an extended field of same the Board, which had Tesenert the Company's ning powers on people may be a closer bind of company from a very unsafe posi- fooling of greater stability than opentions, and to accept on trust. By this wa means it were, the Board's recommen- we reflect that other tion. He strongly urged the fol is now the case.
cordowing out of a policy of initia-that the Company's revenue should, détions, but when respondents who have been sending tic, such as in the present in-not be sa denendoat as"it is at pre-theme Roard, ably guided by must stance, Energy, vigour, and en-ent on the more or less precarious your Sir, had picked up, this ders I do terprise, was greatly needed ton of its existing during many, which was about to v. in the face of increasing com- Powerd, but that toms should be thrown into the dust-heap, and also be confidently locked forward within the short space of less than petition.
to in the shape of earnings deriv, Pighteen months made such a sue- (abky from land development and eat it, for one have no fear
ef, the consequenres of the adop-3. residential properties.
Jn of this resolution.
(Ap
us lists of their "leather"!
have warmed many hearts.
not rupjese that any body agree with them exactly,
Or
will
CHAIRMAN'S SPEECH.
The Chairman, proposing the motion, said:
"Free Love,"
Today Central Theatre;
To-da-Majestic Theatre.
Today Star Theatre: "The Cat Creeps."" "So This is College."
Radio.
See to-day's programme on page
Meeting. Tomorrow - Sanitary Meeting, 4.15 p.m.
Board
There should be something in- dividual and sacred about any man's pet abominations. You want)
Augmented Capital, to cherish one
To
vik carry
The scheme plause.), two hatreds
belt. any rate, the mere fact thai which are purely and intimately
Joly will, of necessity, Gentlemen: - Through ・the gained.
We have in avail this proposal is now before us is your own. Which nobody else can
youable cash on quite understand. But to find the medium of the newspapers,
Current account a clear proof that the Board, is other man loathing this and that ive Kid notice of this meeting for with our Inkers, and in invest-not composed of timid men, at which you pise squirm is grate the required period. That motivements, a fair amount of money. rather of men who do not shrink ful and comforting. It raises your as just been read by the Secretary. This has been augmented by the from uning responsibility, of opinion of your fellow-creatures. To those of you who attended the
So, let us not be discouraged by private, meeting of shareholders on ubstantial proceeds of the sale of men who enn seize an opportunity Outward for Europe via San Fran-
the Company's unissued shares her it presents itself, and this for the more extensive working of should give us confidence to vote the scheme, however, the amount available should, we consider,
Aay stage."
for the resolution.
Enterprise Needed,
but
reading in the catalogues of hate April 22 last year, and to others who some things which seem innocent, were present at the ordinary year and some which are hardly worthy meeting on the same day this bothering about. This is no hew gear, the advertised intimation of fhet. When that exerBest, and the proposal to increase the capital comprehensive hater Gilbert eam-of the Company will put have conie piled its collection of people who a surprise. "never would be missed." he put! To carry this proposal into effect, number of trivial, however, it is necessary for your negligible offenders that you begin Board of Directors to approach you to be rett, till revived by the pre-in general meeling for authorisation the anoints that may be called up ther got to march forward with vision of the blow at the "idiot who of the proposed increased of capital. praises i enthusiastic tone. Every; And it devalves on the Chairman of s century but this and every country Directors to explain briefly the re-allowing a reasonable suni fur con-
sons that have leil them to submittingencies.
A Vital Question. to you the propreal now stader cun-) sideration, namely:
The times, as we all know, call Be increased. The process of
for a policy of energy, vigour.and station need not be sudden or onerous; it can be accomplished entertrise on the part of those in charge of large understakings with the merciless competition we see all around us, no business of whatever nature ean nowadays afford to stand still."
You have
in yash a
but his own.”
+
*
I should judge that good "hating is on the decline. It may be wrong to judge of the intensity of modern feeling by the mildness of modern language, but certainly we do, com- paret with our grandfathers and even our fathers, express ourselves] very meckly. In early Victorian times, when a newspaper disliked new members of a Government it wrote in this style: "These mon Privy Councillors! These men pelted at Windsor Castle! Faugh!|
If you approve of the resolution when I am about to move for your adoption, you can rest assured that from time to time will not be in of requirements, always
way.
viyorgus strides, or fall by the
And in ying this I have in mind one or two outstanding ex-
ninistration-of which is still car-
thirty years
Sports. See Sports Diary on Page 5..
Home Mails. To-morrow-Inward from Europe
via Siberia (General Metzinzer); eises (Pres, Pierce) 12.30 p.m., via Siberia (Porthos) 2 p.m.; vía Suez (General Metzinger) 2.30 p.m..
Miscellaneous.
To-day Philarmonic Chorus Re- hearsals, 5.30 p.m. "
September 4-Reception for Mies Marion Hewlett, Helena May In stitute, 11.30 am.
COST MYSTERY.
What was the cost of "King of Jazz?"
Even now it is, doubtful whether
has ever been exactly computed.
It is said that Paul Whiteman' and his band were paid £100,000. More than 4,000 costumes were specially created for the various numbers.
Crack composers whose piece
Your forebearance is claimed is amplėsi of local companies, the ad-line total cost of "The King of Jazz” i That the capital of the Com- you have act been presented with ried on by methods that served pany be increased to one million details of the projected scheme their purpose come dollars by the creation of four Your will, we trust, valise that, in ago, the result being the issue, hundred thousand new shares of your best interests, no more need, with monotonous regularity, of a the nominal value of $2 each and in said at the present moment than succession of yearly balance sheets that such new shares be issued that it hay to do. with land develop that must surely make their poor rates work out to something like!!
timed and on such terms and conditions as the Directors shall in their absolute discretion see fit.”
Reorganisation,
al such
time or
ment and the construction of re-shareholders wonder whether they adential leases and, if deemed ex-will roepver any portion of their in- pediant, apartment buildings also. vestment. Estimates of the work have been
The Better Course. checked up by our technical Mana-
£20 a note were sat at pianos and ordered to write theme songs. They weighed in with "Happy No, sir, in my humble opinion of the Dawn," and "It Happened in Feet," "Bench in the Park," "Song
It was only-sixteen months agoger, and your Directors are satisfied you are choosing the better course, Monterey"—all of which have since
Why, they are hardly it to fill up that a large body of shareholders that the scheme
essentials of a promising under
two favourite monkeys."
see
to
stances.
Answer to Critics Your attention
2.
will have been
Or.
this far-
a better dividend than the last, even with the hew capital now being called up?
become the staple diet of the dance
bards.
one of China's most distinguished scholars and an ardent moarchist, He was responsible for a reform movement 30 years ago which resulted in his exile. His library is said to have been one of the most valuable pri- vate libraries in this country.
Development Scheme.
Our reply to your third question is this:-
contains the that of vision and commendable initiative, and the directors are to the vacancies that have occurred by contemplated the advisability of a the lamented death of her Majesty's mary liquidation of the Com-Laking, given conditions that are de congratulated: for their courag
auf upset by abnormal cireum and their faith in this Company, pany. Every opportunity Whe
in bringing before us
The famous Kang Yu-wei library "Dieracli's-assaults on Feel were afforded them, to carry their with I would like to say that your ac- reaching proposition.
in Tsingtao is reported to have planned to inflict torture, and the into effect if that were the desire! benches were crowded with pur- of a collective majority of share- ceptance or rejection of the pro-It in my firm belief that you hare been purchased by the Shantung posal now before you resolves it not only chosen wisely, but. I am authorities for $60,000. The late tisana eager to see Peel sweating holders after they had been consult sett into a declaration of, alterna-sure, conscientiously and with deer. Kang Yu-wei was and writhing. Just so when the ed in the mutter. A private meet- century began the Whigs flocked ing of shareholdere was duly held tively, your faith in, or your dis-deliberation."
trust of, the Colony's future prus I beg formally. to support the round Pitt, as he came out of the to consider whether it was in the
neels, For those among us who resolution moved by the Chairman House after his friend Dundas had best interest of shareholders
"live and move and have our hand seconded by Mr. Kadooric. been found guilty of peculation, to proceed to liquidation.
ing" in Tong Kong there can be (Applause.) he was really crying.
At the same meeting, a scheme of
no equivocal opinion. It has to
QUESTIONS. Our politicians are ・not so capital reorganisation, a recom- he that the future growth of the
Mr. F. N. Chau asked the follow exuberant. If one of them does let mened by your Board of Directors, Colony will exceed anything that ing questions himself go in personal abuse he is was submitted to the shareholders; has been seen here in the past. Vill the new issue of shares be felt to be obsolete. They may who, after debating the question, And, if you hold that view, your made to shareholders on the I trust, however, you will leave despise one another as heartily as decided upon reorganisation, indecision can only be one of logical
This decision acceptance.
register, and will the new Peel and Disraeli, yet nobody be- stead of liquidation.
the question of an increased divid- issue be made at par?
end to the Directors, who will take lieves in any vigour, of hate. But was taken after a very full and
Will the Directors give share-all circumstances into due consi- which several they did foster political hate in the free discussion, in
holders some idea of the pre- deration when the question of the, good old days.
shareholders took part, of the sug-
scut cash position of the Com-dividend to be declared comes up Mamma," said the child of a gestion to wind up the Company, attracted to two anonymous letters'
pany, and is the Company's pro- for discussion by the Board next Whig household, "are Tories, born The outcome of that meeting was, appearing in the newspapers last
it sufficient to maintain or pay year. wicked or do they get wicked-after-as I have just stated, the adoption Saturday and this morning. wards?" In the memoirs of the of your Directors recommendationdinarily, it is not the policy of the time may be found records of the for a scheme of capital reorganisa-Board to take notice of anonymous glee with which devout Glad-tion and the restriction, for a time, criticisms, especially when ocea- the Company's Hion is offered at this meeting for stonians heard the news that Lord of the scope of Beaconsfield was dying. How long operations to certain branches of a fair, free and full discussion of a proposal on which it is entirely will it be before anybody feels like its business only.
in the hands of the shareholders that about any of our politicíans? Improvement in Finances.
to take their own decision. For Thereafter, with drastic economy, from insulting your intelligence, The cult of hate was not, of profitable trading resulted. The gentlemen, of hisking you to meek- course, confined to politics. It effect of the new policy and the re- [ly and tamely submitting as a flock. raged among men of letters tradi-sults. arising out of it were reof gentle lambs to be shorn
The Replies. tionally an irritable race, so that viewed by the Chairman at the your possessions, we emphatically.
The Chairman:-Mr. Chau, it even now. a biographer can hardly ordinary yearly meeting of the assert that we will accept as your affords the Directors much plea- write about one of those nineteenth- Company held in April last. mandate the decision arrived at by sure in replying to your questions, century men without losing his It was then indicated that, in the your voting to-day.
The reply to the first question is temper and his head over two or opinion of your Ditectors the Com- And now for a personal word of 'in the affirmative. It is our inten- if conditions remain as they are at three of the others. The annals of pany's policy of restrictive opera- explanation if I may be allowedition to issue the new shares at par. the time the scheme was considered the Church, of the law, of science, tions might, with advantage, be the indulgence. When I took over The information desired by you and decided upon, that the capital resound with the thwackings of modified. This view was based on the managing directorship of your in the second question is as fol-will yield a return commensurate personal feuds. And the duty of the improved financial position of Company, without implying any lows:
with the nature of the enterprise for good hating was ruthlessly preach the Company on December 31, reflection whatever,
The amount at credit in current which additional capital is asked | ed. Somebody put to Carlyle the 1980. Since then, there has been clamour for liquidation. A great account with the Hong Kong and from the shareholders to-day. familiar theory that something a further substantial improvement deal of time and thought was de-Shanghai Bank is $198,277.11, (Ap (Applause). may be said in excuse of the worst in the Company's finances. I may voted by the whole Board to pull plause), besides which there are The resolution was then put to .of us. "None of your heaven and be too much to expect a continuance the company out of the moraes the company's investments. They the meeting and carried unanimous- hell amalgamation societies for of the recent rate of progression. into which it had fallen. Fortun-represent, at to-day's' market rate, aly. me," the Sage thundered, and went At the same time there is around ately, wo succeeded. The company total value of $86,260; they cost the on to declare that he knew men for optimism that; if we continue has turned the corner. All we ask Company $73,338.80. The company's Supporting the Chairman were thoroughly wicked, men whom, on to do as well as we have done dur of you now is to ensure that you available cash, if the invest Messrs. Lo Cheung-shu and L occasion, he would kill, and so ing the past six months, the earn-march along the road to prosper ments are sold; is, therefore, $284, Kadoorie (directors), A., R. F.
ings at the end of the current yearity. We have no desire to compel "Why should we overcome auch will provide some justification for your acceptance of our lead. But
Profits On Trading. Raven (General Works Manager), M. H. Turner (company solicitor), Instincts 7" says Thackeray's the Directors recommendation for this much we have no hesitation in
We are happy to be able to in and B. Alves (secretary), (2) George Warrington; "why shouldn't the broadening of the scope of the stating. We have not rushed inty
Shareholders present included we hate what is hateful in people, Company's activities;
the proposed scheme without care form you that the profits, on the and scorn what is mean?" One The necessity for this recom- fui deliberation and a full sense, company's trading, exclusive of ap- Mesere. M. H. Lo, C. J. Remedica, answer, to be sure, was given by mendation, we are convinced, be of its potential benefits to share preciation in capital investments, J. D. Gould, F. L. Silva, V. L. dos Solomon quite a long time ago: "It comes all, the more apparent when holders and that of our respon to date for the current year will en- Remedios, R. H. Basto, 3.0. is the glory of a man to pass by it is borne in mind that the sibility as the trusted guardians of able us to maintain the same divi- Marques, F. Marques, C. Marques,
abnormal building activity through your interests. (Applause.) (*)
dend for 1931 gs that paid in res-G. U, da Roza, F. N. Chau, J. M. M.
forth.
an offence."
*
But I suppose the real reason for the modern decay, of hating is that We find it too much trouble.-H. C. Bailey in the Daily Telegraph.
Mr. Aw Boon Haw has made a contribution of $7,000 towards the rellef of the flood disasters in China,
of
there was
2
3-Do the Directors, think that The Directors have already given the new capital now being you an idea in the Chairman's enlled up can be suitably emn-speech you have just heard of the played for the Company, and project they have in view. It is a can the Directors inform the land development and 'building shareholders what they sup-scheme, and I think you will agree poze the income will be from with the Board that capital cannot the new capital?
find any safer employment than in a scheme of this nature.
527.11.
I am sorry it is too premature for your Directors to be able to state definitely what the income the new capital will bring in but we hope,
Those. Present.
out the Colony during the past two In conclusion, it remains. for pect of the year 1980 including Alves, W. A: Zimmern, A. M. Braga, years may not be maintained to the your Directors to ascertain by such dividend as will become pay H, K. Sequeira, James. Braga, H. E. full extent to which it has found your voting on the resolution whe-able in respect of the new capital. Carvalho, F. rrados, John V. reflection in your Company's im- ther you are propared to furnish Whether it will be good policy to Braga, L. G. Ribeiro, D. Lopes, H. proved trading accounts.
them with the authorisation for pay a higher rate of dividend, in Figueiredo, B. Basto, J. A. da which we are now approaching you. view of the project of expansion Silva, A. M. Braga, Choy Wing-hay, Very careful consideration has The resolution was then second-contemplated by the Board, Chan Kam-moon, Kwok Chan, and
moot point at the present momen Pak Lun-fung. been given by your Director to a ed by Mr. L. Kadoorie.
Permanent Value:
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