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to-day at 1/3 1-2.
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TYRE
ECONOMY
↓
No. 28,369
HONG KONG, MONDAY, MARCH 20, 1933.
PRICE $3.00 Per Month.
CONFERENCE
RESULT OF MR. MACDONALD'S
REDUCED
PROFITS BY
HOTELS LTD.
Chairman Explains Depression Effects.
ANNUAL MEETING THIS
MORNING
MUTUAL FOUR POWER
CONSULTATIONS
ITALY SEEKS A WIDER
UNDERSTANDING
Depressed conditions in the Far LITTLE MENTION OF DISARMAMENT
East and the Sino-Japanese warfare
in Shanghai last year, were respon-
sible for a considerable decrease in the profits of the Hong Kong and Shanghai Hotels, Ltd. `during the past year.
The Chairman, Mr. J. Scott Hars- ton, reading the report at the shareholders' annual meeting this morning, said that the decrease was approximately $600,000 but added that the company was in a stronger financial position to-day than it had been for a considerable number of
years.
A dividend of 40 cents on old shaies and 20 cents on new shares
proposed adopted.
WALN
The chairman said:-
and
"The Report and Accounts be fore you for review to-day cover a period during which your Com-
undertaking hns pany's
heen operated under very adverse con- ditions, and it is regretted that the Accounts reveal, in consequence, a comparatively poor trading ra sults.
CONFERENCE
ROME. TO-DAY.
LITTLE MENTION OF THE DISARMAMENT CONFER- CO-OPERATION ENCE, BUT A PROPOSAL FOR WIDER AMONG THE FOUR EUROPEAN POWERS, GREAT BRITAIN, FRANCE, GERMANY AND ITALY IS CONTAINED IN THE OFFICIAL COMMUNIQUE THAT HAS BEEN ISSUED RE- FERRING TO SIGNOR MUSSOLINIS CONVERSATIONS WITH MR. RAMSAY MACDONALD AND SIR JOHN SIMON ON SATURDAY EVENING AND YESTERDAY AFTERNOON. The communique states that the Ministers, after discussing the general situation, examined a project for an understanding, on the larger political questions initiated by Signor Mussolini with the object of seculag the collaboration of the four western Pow- ers in an effort to promote internation co-operation in the spirit, the Kellogg Pact and not force a declaration of a long period of peace for Europe and the world.
The British Ministers are leaving for London to-morrow, and will break their journey at Paris.-Reuter.
Official Reserve In Rome.
EXACT MEANING NOT QUITE CLEAR.
Rome, Later. "In the Profit and Loss Acrou
The utmost reserve is being you will ha rve the item "Balance
maintained in British and Italian ount" et Working A
brought t credit at the sum of $1.150,279.53. quarters as to the exact meaning of
for the whereas in the Accounts
the joint Anglo-Italian communique, procedine sear We were able credit ander a similar heading the though it is understood that the ot $1,750,383.45. This de-text of Signor Mussolini's project, ́crease of approximately $600,000 mentioned in the communique is
the is attributable generally to
For business experienced owing to aiming at the four-Power under- the depressed trading conditions standing already submitted to the which have existed throughout the French and German Ambassadors. year, combined with the fact that
KLITZ!
Competition in increased severity
has been encountered both here
and in Shanghai.
The Sino-Japanese clash during
its
the Spring of last year, and aftermath, severely handicapped the
Shanghol Establish Company's
ments, nure particularly in the cause, of the Astor House Hotel, owing to the lion of that Establishment. in an area which became the venue
dis more serious of some of the turbances.
FRANCE OPPOSES ROME CONFERENCE.
WITH MUSSOLINI
Members of the Mount Everest flight expedition, who are now at their base at Purnea, 160 miles from Everest, preparing for their attempt to fly over the 29,002 feet-high peak. The party is (1, to r:) Mr. Shepherd, Flight-Lt. D. F. Mcintyre (Second pilot) Air Commodore P. F. M. Fellowes, (leader of the flight), the Marquis of Clydesdale (first pilot), and Mr. Hughes. (S. & G.)
GERMAN
IMPERIAL
FLAG IN H.K.
Geneva, March 13. Italian delegate Count Aloisi,, who this forenoon had on behalf of Premier Mussolini conversations with British Prime Minister Mac- New Colours Flown At Donald, is reported to have ad-
vanced on this occasion the idea
of a Five-Power Conference on Italian soil for the discussion of the question of a redistribution of various contested territories in Europe.
French circles here are up in arms against this proposal and are bringing pressure to bear upon the British Premier to reject the suggestion.
(Continued on Page 12.)
Consulate.
CONSUL ESPLAINS PRESENT POLITICAL SITUATION
The German Imperial flag
was
to-day hoisted at the German Consulate in Hong Kong, replacing the Black, Red and Gold colours adopt- ed by the Constitution of Weimar in 1919.
NEW CHANCELLOR FOR ROMAN CATHOLIC CHURCH
Cardinal Boggiani To Succeed Cardinal Andreas Frachwirt
Rome,
Cardinal Beggiani has been ap- pointed Chancellor of the Holy Roman Church in succession the inte Cardinal Andreas Fruch- wirl, Tin-Licean.
MATSON LINER ARRIVES.
20
HOTEL COY.'S
ATTITUDE TO
BUS SERVICES
Chairman's Comment On Tenders.
"ONEROUS AND STRINGENT CONDITIONS"
Stress was laid on "the onerous and stringe conditions" required by the Government for the opera- tion of the Colony's bus services, by Mr. J. Scott Harston, Chairman of the Hong Kong and Shanghai Ho- At 12.30 p.m. the whole of the Round-The-World Liner. tels, Ltd., in his report on the year's activities of the company, local German community assem- bled at the Consulate. The Ger-] The Matson liner "Lurline," lat-read at the shareholders' meeting man Consul, Dr. B. Hahn, read est of America's luxury ships ar- this morning. MUI - TSAI out an order received from Pre-j rived in Hong Kong this morning
In view of these conditions, the sident Von Hindenberg, stating from Singapore on her Round-the-
company, who were unsuccessful THRASHED that until a decision was reach World trip.
tenderers, for the monopoly had ed in the Reichstag, which would debate the matter towards the board when the ship left New allowed for the working of the ser- vices as a subsidiary company, since end of April, the old Imperial York, but some of the best known they felt that could not jeopardize
have left the ship en route to Hong the capital of the main flag was to be flown.
compony with an undertaking so full of un-
10-YEAR-OLD
Woman Fined $250 On Two Charges.
There were 180 passengers
The order further stated that Kong. the flag of the National Socialist
party was to be flown beside the Imperial flag. The Nazi flag, consisting of a Red flag having a
BEATEN WITH SPLIT CANE
"Unavoidable increases in expendi-i
Fines of $100 and $150 were ture had to be borne during the
imposed by Mr. W. Schofield at White ground on which is the height of the disturbance in Shang-
the Central Magistracy this mom- Swastika in Black, is now on its hal in the early part of the year, and
ing, on Liu Sau, Luen, married wo-way from Berlin and will be in respect of the major portion of the remainder of the year, business
man of 71 Connaught Road West, hoisted immediately on its arri- there remained at a very low level,
Mutual four-Power consulta- who pleaded guilty to two charges val. which led to a greatly diminished
tions, through the medium of the
of keeping an unregistered Mui- the Hotels. incame
tsai and assaulting a Mui-tsai sequence, the working results shown respective Chancelleries will be
Inspector Fraser of the Secre- respect of the
Benito Mussolini
on
FIGHTING
IN JEHOL
JAPANESE
CROSS THE
GREAT WALL
Big Losses In Heavy
Fighting.
TO CHECK CHINESE ATTACKS
AT HSIFENGKOW
Tokyo, To-day. According to press despatches, a Japan- ese detachment, for the purpose of reliev- ing the pressure of the Chinese attacks at Haifengkow, crossed the Great Wall on Saturday and occupied Saho- chiao, 14 kilometres south-west of Hsi- fengkow.
The Japanese suc- cess was not accom- plished until heavy fighting had taken place, and it is claim- ed that the Chinese casualties were heavy. Reuter.
MANGIN RETAINS HIS TITLE
Clifford Sutter Forces
Five Sets.
New York, To-day. Gregory Mangin returned his American Indoor Lawn Tennis title yesterday when he best Clifford Sutter by scores of 6-1, 6-3, 2-6, 3-6,
6.2.
Sutter will probably figure in
DOLLAR AND SILVER certainty, Mr. Scott Harston indi- the Davis Cup team this year.
DECLINE 1⁄4.
Pound Steady In New
York And London.
ented.
Commenting on the garage receipts for the past year, the Chairman said that they had been satisfactory,
His progress has been amazing. Only four months ago at Forest Hills he led Ellsworth Vines by 2 sets to 1 in the American Cham- eliminated pionships, but wes "The Garage Department has, in after the most gruelling struggle respect of its working during the witnessed during that tourna past year, contributed profits to the ment.
Accounts to an extent Mangin is more at home in in- General which, in view of the unfavourable door tennis, though he has been Spot and forward prices of silver times experienced, can be regarded seen to advantage in the open. Shanghai conducted under the terms of the tarlst of Chinese Affairs said that Bumann, Mr. R. Schmidt, Mr. F. again declined, spot falling 4 to with satisfaction," he said. "With He has represented America in Establishments for last year failed project, with a view to solving on March 18 they received infor- Ortlepp, Mr. O, May, Mr. C. Bit-17% while forward fell a similar reference to one of its main activi- the Davis Cup. — Reuter.
In
con-
in
to produce profits for the Company's the major general financial accounts
on the friction in
scale previously experienced.
Among those present were Mr. O. Hechtel, Mr. A. Goeke, Mr. H. Aminan, Mr. J. H. Jessen, Mr. F. Kulps, Mr. R. Johnson, Mr. F.
The local dollar fell a further during the week-end, opening this morning at 1/31⁄2.
ties, namely, the operation of cer- tain Bus Services, the favourable
questions causing mation that the complainant, a child ser, Mr. H. Lubeseder, Mr. O. fraction to 17 7/16. Europe at any time of under 10 had been badly treat Hartig, Mr. C. G. Melchers, Mr. Very little change is indicated in when they become scute. "In Hong Kong, the volume of
ed at 71, Connaught Road West W. Fischer, Mr. H. Schwob, Mr. the pound, the London on New York trend Indicated in regard to It is emphasised that the pro- He and several other men pro-H. Stehr, Mr. A. Sander, Mr. cross remaining unchanged patronage from transient tourist ject is simply a method of up-ceeded to the premises where the Ernest Knauff, and Mr. Von Saturday's price
of £G$3.46% traffic, in class of patronage which proach and does not contain a little girl was found. had fallen off considerably during concrete
while the New York on London rate settlement for such the previous two years) decreased
declined to £-G$3.482.
1 further during the past year, due to the continuation of the severe de- pression in Europe and the United States of America.
"Furthermore, in connection with
the patronage of those
questions.
Treaty revision is taking a large place in the discussions
but the Disarmament propo-
Reuter..
Inspector Fraser produced
statement made by the Httle girl in which she states that she was ordered to do all the house work. On March 14 she was ordered
Ehren.
瑟
(Continued on Page 12.)
gals have hardly arisen yet. to clean the floor but did not The British Ministers had an satisfy the defendant, who beat her transient audience with His Holiness the with a thin spilt cane. She was guests who were received at our Pope. It lasted for 35 minutes.-beaten across the face, had her Establishments during the year, it
left ear split at the top and was has been apparent that a consider-
also beaten on the body and all ably reduced spending power existed
her limbs. in comparison with what had hitherto been the case. Although, therefore, in the circumstances, a fairly satisfactory ratio of oc-
Japan's Trade Competition
By Dumping Goods In Europe
London.
being asked
cer-
сом-
tain operative costs at the mencement of the year did not con- tinue. On the contrary, further in- creases in the price of gasoline, (one of the heaviest prime cost fac-: tors of operation) were experienc- ed.
on the last mentioned route is
AL BROWN DEFEATS BERNASCONI.
Retains Bantamweight Title.
Milan, To-day.
Al Brown retained his world's bantamweight boxing title yesterday when he won u points decision over Bernas- cont, the Italian champion of Europe.
Brown is the American negro
"The buses on the Itepulse Bay and University Routes carried traf- fle last year of the same volume as that obtaining during previous] years, but traffic receipts dropped for the products of appreciably on the Queen's Road During the past year 40,000 Austrian home workers-whose Route. The falling off in revenue Japanese Incandescent lamps were wages are extremely low. imported into Austria, and they Japan is also successfully com-traceable to the heavy exodus dur champion who won his title from also introduced into the peting with material for railwaying the Spring of last year of re-the British champion, Johnny
in wagons Czechp-Slovakia and sidents of districia tapped by this King, two years ago. Bernasconi Dutch market since 1932.
This one trade item is an indica- the Balkans, as well as with piece Service to localities situate of the is a much improved boxer, but is tion of Japanese competition in goods, glass ware, and wirework. Bus route, and to a considerable more of a fighter to be classed not Central Europe,
Pig-iron from the Manchurian diminution in passenger traffic to as good as Brown.
It caused quite a surprise when The Annual Meeting of the Hong: The Bank of Portugal has re- Kong Lawn Bowls Association will be duced its discount rate from 6.50] think this was a case of gross Japanese basket ware of high mines is shipped to German ports and from the West Point district at,
the Italian was given an oppor held on Wednesday at the Board Room
[tunity for the title: --- of Messrs. Jardine, Matheson & Co. per cent to 6 per cent-Trans cruelty and Imposed the above quality fa being offered in Vienna and offered at 10 per cent, below night.
at much lower prices than what is! German Inland prices/Reuter. 'ocean.
.
(Continued on Page 4.)
office at 5.30 p.m.
BANK OF PORTUGAL RATE REDUCED
Limbon.
The defendant afterwards dragged her to the kitchen where she applied the tipe of a pair of fire tongs to her cheeks. His Worship said he did
Anas.
were
(Continued on Page L.)
Reater: