WEDNESDAY, MARCH 21, 1934,
COMPANY MEETINGS
China Provident
Faces Crisis
Loan
And Mortgage Co. Ltd.
Depression Decreases Profit Margin
THE
NO CALL FOR NEW SHARES
THE decrease in cargo arrivals, due to the extensive trade depress'en in the Colony during last year. was cited as the main reason for the reducika in profits of the China Provident Loan and Mortgage Co., Ltd. by Mr. C. A. Roza, who presided at the Thirty-Seventh ordinary annual meeting at Exchange Build- ing this morning.
the Hon. Mr. J. 1. Braga. Supporting the Chairman were Messrs. T. B. Wilson, S. M. Churn, P. M. Hodgson, N. V. A. Croucher, and Li Tse-fong (Directors). Mr. D. L. King. (Secre lary) and H. W. Walker. J. Tam Hung, F. L. Silva, T. Mitchell. Yeung Tau. H. J. M. Figuereido, M. Cario and A. W. da floza (Shareholders).
Before presenting his report.eash balance and have drawn the The Chairman expressed his sym-remainder from the Bankers. pathy at the death of the late
Mr. A. I. Alves, who was Director of the Company.
CHAIRMAN'S SPEECH4.
In his report. Mr. C A. Hora
said:
The resultant saving in Interest
a will appear in the account for the
current year.
Continued on Page 7).
BRIGHT FUTURE FOR KING'S THEATRE
The Report and Accounts having China Entertainment &
Iren - been in your hands for, the scribed time. I propose, with your consent, to take them as read
The decrease in profits for the year ended December 31, 1933, is the inevitable result of the general trade depression, which has made itself felt, so extensively
Land Investment.
OFFICES AND SHOPS FILLED DURING LAST YEAR
Framfor Daladine
THE CHINA MAIL.
Though he was two victories in the Chamber of Depaišos, Premier Ed- ouard Daladier is faced with the most serious situation with which the French Republic has been con- fronted #ince the World War thousands of rioters are fighting in the streets and threatening the Chamber of Deputies..
LUXURY LINER DEPARTS
Weather Smiles On
FOUR
386 Tourists
DAYS OF EXCITEMENT
IN COLONY
Mr. & Mrs. Cameron Leave
To-day's "Short Story.
FUNNY OLD FELLOW
WE
By Gerald Mygatt.
TO-DAY
AT THE
KING'S
TE called him the funny fellow fellow first drifted in to Jake's. © He at Jake's until the night came in, believe it or not, in tow he blatted about his diamonds of a harness bull, which means : a| and where he kept them. After cop in uniform. The top laughed that we called hini poor old de- and said, "Hey, Jake, take care of vil, and somehow when we spoke this guy. He's lost in the great of him our voices hushed them-city and he wants to know where selves a little, because there a speakeasy is. You don't happen when't one of us who didn't to know, do you, Jake!” know that he was just as good All the regulars roared and then As dead and in a coffin. You the cop went out, and there was this! eo, the funny old fellow was funny old duffer, standing against standing at the bar when he the bar and sort of smiling around. made his split and the man After a while he said to Jake, kind tanding next to him just hap of timidly, "I knew this was a pened to be Single-Shot Singel speakeasy all the time. That palice- himselt
{man couldn't fool 'me.”
Of course that was good for an-
Singel immediately bought the poor old devil another drink. The other laugh, and somebody bought dead man drank it and stuck to his the old guy a drink. Then the old story. Singel, who was tall and guy bought, and pretty soon he be- dark, just smiled that smile of his, longed. which nobody likes. You've seen it
in the films, a sneering smile on that twisted half-handsome face. It probably made you think about the Lindbergh tragedy: things like that
But maybe I've given you a wrong lead. Single-Shot Singel nover "just happened" to be anywhere.
TO-MORROW'S STORY .
To-morrow's story, will he "The Statue And The Busi,” by P. C. Wren,
He was a funny looking old duck, He always knew what he was doing one of those pink, plump, amooth- -none better. If he was standing shaven, good-natured men who look alongside the funny old fellow he fifty when they're nearer sixty-five was standing there for a good and or seventy. The top of his hend plenty reason. Singel was a regu- was as shiny-bald as a toy balloon, lor at Jake's, and there wasn't abut on each side of his face, in back regular there who didn't know that of his ears, a spurt of reddish hair the old duck was a mark. Only stuck out like a sidewise beard. It until the day he spilled his spill we sort of made this old guy look like didn't know how handsome, nor how the kind of picture of an airplane After four days of excitement easy to take.
that a six-year-old kid might draw of every variety the tourists on About Jake's! It was what you with a red pencil on somebody's The Fourth Annual General board the Empress of Britain sail-call a hang-out. Incidentally the back fence.
That first night the old duck Entertained for Shanghai at 6 o'clock this name of the place isn't really Jake's. Meeting of the China
I'm using that because I don't want didn't have very much to say. He ment and Land lovestment Co. morning. in Lite
to be standing in the way of any-just stood there by the bar and Led, took place this morning at Favoured with good weather, al-thing going very fast, like lead can,miled around at everybody and Calony during the year, occasion the Company's registered offices ing, as it has, it serious reduction in King's Theatre Buliding. Those though some of the tourists from or even a gorilla's fist.
-colder climes thought it rather present were:
warm. the in the total volume of imports of
passengers of the Directors: Sir Shou-son Chow those cargoes on which Wa (Chairman).
Messrs. Chang Fat"Empress," as they fondly call her. have seen all, and in some cases, largely rely for our storage and | (Managing Director), Liang Chi
more than people who have spent shipping revenue.
Hao (Managing Director), George
years In Hong Kong. In the case of sugar and tour.] Y. Sun, Li Jewson, Chang Kwai arrivals during the year 1933 show Lin, Wong Kwong Tin, K. Y. a decrease of approximately 50 per Chang, Chang Kwai On, cent. on those recorded for the pre-Kwai Chong, and Yau Kwal Lup. vious year.
Li Lin
Chady!
One of the favourite
Fung (Britain
places toj
mostly listened to the back-and- It was funny how the funny old forth talk. He was enjoying him-
self a lot; anybody could see that. So the next night when he came in
GALE DEATH everybody said hello, and after that
ROLL
he was a regular.
Inside a week we knew all about bim-all except the diamonds, which came later. He'd been in show business in the sticks: carnivals, tent shows. amusement parks,
which the tourists have been in
(Continued from Page 1.) their spare time has been Paddy's Market and Cat Street, but whe- Sweeping up the harbour with: Shareholders: - Harry Chongther all the curios from that salu- unusual suddenness, the gale things like that. Lately he'd been Law Tat Kwan, Chang Kwai Yau, brious district that have found wrecked many small craft Had Lower Storage Revenue.
Chec. Chan Wing Keu.their way on board the Empress of it not been
specialising in freaks-rubber - mèn With its very substantial fall-wong Chang Kwal Hing,
for a brief' warning, and sword swallowers and human as their seen by the weather-wise sampan skeletons-but his pet hobby was ing off in total importa. it I o Sing Tak, Dr. E. W. J. Sun,
are as genuine proud owners fondly believe, in dwellers, the havoc must have been waxworks. He'd get talking wax- the quantity of surprising that
Hong So Yuen. cargo for which storage AUTOM modation is required should have been reduced to an even greater extent than usual; while clear
unces of the exceptionally heavy stocks which were carried forwap in Godowns from 1932 has con-
revenue.
Un
CHAIRMAN'S SPEECH.
and
much greater.
matier for conjecture.
Madame works by the half-hour; One passenger was highly clated
KNOWN DAMAGE
Tussaud, the Eden Musee, all the Although the number of sampans rest of them. It was breaking his at the purchase of a large jade! Buddha for which she had paid und lighters which were swept heart, he said, that the public didn't In presenting the Report and Balance Sheet the Chairman, Sir $175 (Mex)... if she had had a against the Praya wall and smash- want waxworks any more. It was local resident with her she might cd is yet unknown, six junks were the movies, he complained; the Sou-sou Chou suid:—
have secured it for a modest $20, sunk or waterlogged at West Point movies had killed waxworks. The The Report and Balance Sheet of but she was quite satisfied that she anchorage, while minor damage to public was losing its taste for real tributed further to lower storage this Company for the year ended had secured a bargain, and Paddy's property on shore is also reported. art.
December 31. 1933, together with Markel must have it's season.
Other wrecks at various points Increased taxution
"I used to model the heads my- imports the Auditors Report, have been in
were: into China, with the tendency to your hands for some days and, with
Bazaar On Board
self,” he confided. “Thaťa "how. I Seven junka at the Tung cheaper alurage rates. necessitated your permission. i will taken them
On got into show business, after the by the fall in market prices of the
A regular bazuar has been held Wharf.
demand fell off. I could do a us read.
Eleven craft at China Merchants splitting image of anybody, man or leading commodities referred to,
In the Profit and Loss Account deck of the ship, and, had the tour- every day on the main promenade
Whart have also had their effect on var the Balance from the Working Acists so desired, they could have
woman, colours and expression and One vessel, which was sunk count shows a decrease in the net purchased almost any of the curlos
atll You may not believe it, but I Wanthai. was towed by Police did my famous group, the President It is unfortunate that we are earning of the Theatre as compared and native goods to be had in Hong, Launch "Yuet Tung" to Causeway McKinley been unable to employ to the fall with the preceding year,
death-bed": "scene, just] extent our available cash balance owing to the adverse economic con-In the afternoons the huge deck of
mainly Kong without leaving the vessel. Bay,
from photographs." "). during the year, and this fact ditions prevailing last year.
We all said we believed it. The the "Britain" resembled some ná- The gale, which- reached almost funny old fellow was getting to be combined with the repayment of
The offices and shops in the King's tive market, and at times progress typhoon forco, was preceded by a bore. certain of our old Loan Accounts. Theatre Building last year, I am from one end of the vessel to the dense haze at about 1 pm. ac- has contributed
Lowards the depleased to say, were all occupied and other was slow and tedious
But he wasn't ́a: bore-certainly Interest received on brought in a rental of approximately
companied by excessive humidity, not to SingleShot. Singel - the crease in
The after-end of the promenade Warned by the unusual conditions, night he finally let loose about his loans, which has fallen by some $7,000 per month excluding Rates deck has resembled a chair market ruany of the bout people hurriedly diamonds. He had already spoken $24.000.
and Tuxes. Insurance Agency commission and Rentals received on our Kaw-- loon and Aberdeen properties ales show a decrease on the figures for the previous year.
revenue.
Motor Transport Demand
Bright Future.
ALMOST TYPHOON FORCE
for a day or two, and the impres-took their craft: inshore, - and of having money to Invest; that |sion gained | is that almost every assembled - on the Praya, At was why Singel "just happened to The Cooling Plant worked splen-passenger on board is taking one or about 4:a.m. the gale broke, dash-be hanging around. It was quite didly throughout the Summer more wicker armchairs back to in the email craft against the sea a lot of money, the old man rather months. Stage performances as their homeland.
wall with terrific force. A har boasted, and he was keeping It well as Cinema shows were present
bourbuoy, torn loose from its intact for the dawn of better times.
jed last year with' much success, and 60 H. K. People On Board jmoorings, was washed about No, it wasn't in securities: no It is satisfactory to state, how many well-known English and Amer About sixty more ever, that we have experienced rican films were screened. This foined the ship in Hong Kong, and able damage.
passengers among the craft, doing consider stocks and bonds for him. No, it wasn't in a bank; no banks for him considerable increase in the de-year we have even a much stronger many of the Tour Officials have had! The Praya presented a strange either. No, it wasn't in gold; that mand for our Motor Transport line-up of high-class-films.
to vacate their present cabins and sight this morning, wreckage of would get him into trouble. It was Services.
The net profit for the year, after find what accommodation they can all description being piled up in diamonds, and it was where he During the year it was found writing off $26,552.11 amounts to in what are jokingly called the along the roadway where it had could get at it any minute he want necessary to augment our feet of $63,478.78; and with $7,898.82 beatuma" up forfard, Motor Lorries with the result that ing balance brought forward from Among the passengers to embark. The s.a. Empress of Russia, en
been washed by the heavy eased to lay hands on it...
Singel drifted to the bar, where two additional Morris Commercial the previous year, the total amount at Hong Kong were Mr. and Mrs, route to the Colony from Manila, the old duffer was talking, Jake, 2-ton chaasis were parchuted, available for distribution is $71,- Allan Cameron.
****picked up four Chinese in fishing behind the bar, stood stock still bringing the total number of 377.61... Your Directors recommend Mr. Cameron, recently retired funk. The survivors were in an The room went quiet, like the cold vehicles in operation to seven, paying a dividend of 70 cents per from the position of Oriental Man-exhausted condition, having been, room in the morgue.
With the increased turzover share for the year, absorbing 189, ager of the C.P.R. and is making drafting in their fins craft since her those diamonds are, i derived from this source, the net 900.60, and leaving a balance of his home in Canada.
don't 'keep them in your mattress."! return, secured on the capital in $1,477.01.to be carried forward to a p
sid. Sinral, volved, has improved beyond our next year's account. original expectations. ⠀ Our store I now. propose that the report of Ch age business has also benefit from the Directors and the statement of man this new undertaking,zooka accounts as presented be adopted
You will have hoticed a reduc The report and accounts were tion in the debit item Internat on seconded by Mr. Harry Chong, and Mortgages of approximately carried unanimously. $7,000, and in this connection, The next business, on the agi wish to inform you that sings the was the election of suditore for date of the acounts now, before ensuing your, and on the you, wo haya D one of our Mr. Li Lin-chee, seconded by Mortgaka Dubts For this purpose wi Jakve on
For W. Sun, Mesara Percy. Four Seth and Flaming, yaro r9-
Gen
Taal Ting-kaland Kwang-nan, former com- of the 19th Route Army,
since tan col- People's "Govern-
Ranvirig
midnight.
ANGLO-JAPTHADE. BREAKDOWN.
protes
know, better than the
Clam Bow
[PICTURE
LATEST
TERRY CARTOON
"EANNY IN THE LION'S DEN."
HOOPLA
with
PRESTON FOSTER
RICHARD CROMWELL HERBERT MUNDIN • JAMES GLEASON - MINNA GOMBELL An Al JacketProduction
From the play "Tha Barker" by Jaka Kasyna Nichoagn.
ALSO
FUX
MOVIETONE
MOVIE
TINTYPES
"WHERE IS MY
WANDERING BOY"
HOLD PRE-EMINENT LEADERSHIP
BY THEIR SUPERLATIVE QUALITY
STATE EXPRESS
CIGARETTES
555
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Commit
MRS.
161