$30,000 Loss Reported By Engineering And Construction Co.
Increased Competition Held Responsible
NEW CAPITAL REQUIRED SHORTLY
PROGRAMME
FOR BUILDING
Lese business and unabated competition were the chief fac- tors, which resulted in the loss of $30.087.02. incurred by the Hong Kong Engineering & Construction Co., declared the Hon. Mr. J. P. Braga, Chairman, at the annual meeting held this morning in the board room of Messrs. Lowe, Bingham & Mat
thews.
Competition had reached such a height that on one occasion. the company had decided not to tender for an order because they know that it would be useless in view of the cut-throat prices of competitors.
The Chairman was supported by Mr. M. H. Lo and Mr. T. F. Lo. directors; Mr. H. Brugu (Works Manager); while the share- holders were represented by Metsrs. H. J. M. de Figuerido, J. M. M. Alves, A. M. Braga, P. E. Schmat, and Laurence Kadoorte,
The Chairman in his review of application to the Public Works "the year sald; "Gentlemen, before Department; the Government has we.commence with the formal, part constructed a portion of the storm- of the business, 1 desire, on behalf water drains in that section of the of my fellow-Directors, to express property, upon which it is our keen sense of regret at the templated that building operations death of our late colleague, Mr. Lo shall commence at an.carly date. Cheung Shiu, which took placa · on
New Buildings
con-
THE CHINA MAIL, WEDNESDAY, APRIL 24, 193
Arlette Simon Stavisky, top, and Joseph Garat, former deputy, are among the 19 under indict. ment in Paris, France, as the Government again presses an in- vestigation into the affairs of the banker Serge Stavisky anew.
June 30, last year. Mr. Lo's death "Your Directors have given con- Is a real loss to ourselves for the siderable thought to the succeed-m great personal interest he took Juing stage of the development of the Company and for the assistance your valuable property in the pro- AMERICA PRESERVES
1934 NEWSPAPERS
he rendered since his appointment jeçted early construction of a few to the Directorate. Ha wide busi houses to begin with within the neas experience and his long ago. area, Preliminary plans have ciation with the activities of this been drawn and revised to meet. First Pages Presented Colony rendered his advice of gront the climatic conditions of the Co- value in our deliberations.
To Congress Library
$30,087,02 Loss
lony. These plans are for several different types of buildings and
THE YEARS
Washington,
„To-day's Short Story.
GUNS
TEA
By G. H. C. Askew
was over in the nursery. In the passage it was cool and and the sunlight slanting dark. Women's voices could be through the window lay in a pool heard through the room door, and of yellow light upon the oak they passed a dog growled deep- chest beside it, and turned to gold the big bronze heads of the dahlias which almost leaned against the leaded panes.
"You silly ass, Jock, It's only us; McTavish would never do a thing like that" Simon muttered to him- Nurse was dozing in her basket golf, then turning to Sarah: "If chair, and her heavy breathing last we're not folly careful we'll be itself and became one with the warm called in to shove round the cakes:”! September air and the distant purr But the growling ceased and they of the mower going up and down turned the corner into the half and the croquet-lawn. Both nurse and comparative safety, nursery were names rather than fact; Simon always made a point
¦of telling people that. He sat new on the edge of the cheat looking out of the window. His' alater Sarah walked softly round the table and Joined him.
They looked at each other and smiled, then looked at Nurse.
"What a poor appetite you've got for a lovely day like this, Master
TOMORROW'S STORY
To-morrow's story will be "A Dog Watch Yarn by Sydney Parkman, jotka
The hall, like the passage, was dark after the sunlit room they had
Simon." Sarah mimicked. "Only left, only the brass warming-pans
one piece of bread and butter and showing up dully against the wall.
no cake at all. Simon nearly choked with supressed laughter. "Come on, Sal. It's time we
a bunk."
ג'
did
The breathing from the remained deep and steady.
"She's all right-won't about us till dinner time," whispered,
chair
worry Simon
"The front door's shut,, Simon;
It's sure to creak if we open it and give us away; and I've got green all over the back of my dress and Mummale's bound to notice that; I [couldn't hide it, could I?"
Tll tell you what we'll do; we'll slip through the dining-room and out by the french windows. Grace won't have started laying the table; yet,
SCHARNHORST NEARS Sarah ran to the dining-room
COMPLETION
Trial Trip Early
Next Month
The first of the three new vessels destined for the Far East Express Service of the Norddeutscher Lloyd,
doir, opened it gently, and, whis- pering over her shoulder "It's all clear. Simon," raced
across the room and out through the wide windows at the end, her feet crack- ling on the gravel path for an instant before she jumped to the
en bank beyond.
Her brother followed leisurely, walked. "Where's McTavish?" grinding his feat into the path as
be called out-
"Oh, debe careful Simon!" Sarah spoke from the bottom of the slope. "They might hear us
Simon looked down. can always pretend not to hear and "Doesn't matter if they do: we Em for the orchard; but I want McTavish."
"The Directors regret that the have been designed to meet modern VALUE WILL INCREASE WITH. Profil and Loss Account, after requirements. They are for Д charging 88,703 for normal depre- bungalow, two types of detached ciation, and after providing for houses, and two blocks of apart- Directors' and Auditors' fees, re-ment buildings, respectively. We A leather-bound volume contain-Bremen, the s.s. Scharnhorst, I sulta in a loss, of $80,087.02. The aim at providing attractive aping the first pages of 1814 dally nearing completion at the Act. Ges. reasons for this adverse balance are, pointments for these various types newspapers of March 4, 1998, and "Weser yards of the Deutsche we regret to say, less' business and of buildings, including such
constituting a permanent record of Schiff und Maschinenbau-Aktien- unabated keenness of competition, dern conveniences electric
18
the way in which the nation's press gesellschaft, Bremen. which was felt more intensely last water heaters and other electrical
A year than ever before.
appliances now considered indis-reported the inauguration of Preal-
At the moment work is going on That business offering should be pensable in modern domestic Library of Congress by Wilfred. W. dent Roosevelt, was presented the
at high pressure of the equipment less is explainable by the conditions buildings.de generally obtainable In the Colony. We shall be our own builders Fry, president of NW. Ayer and and the laterior appointments of this approximately 18,000 tons gross Son, Inc., of Philadelphia, That competition should be keener of the houses we intend to put up
ilner so that, as scheduled, she may The book, titled "The Newspa-l is also explainable in that with less and we trust that when they are pers of a Nation", is made up of set out from Bremen on her first food off Cook, that's where he's us "He'll be in the kitchen begging som line of business as ours, are tractive construction and appear entered in the Exhibition of New horst, is to take place in the North as she started to run across the work to go round, concerns in the completed they will be of such at the first pages of the newspapar voyage to the Far East on May 10 ually to be found-like his master.” The trial trip of the a.s. Scharn- Sarah's words floated up to him willing to accept prices that in norance as to find ready tenants.
paper Typography held each, year un-Sea early next month when, after hert ent turf to the line of apple mal times might not be considered.. More Capital Needed
"It must be evident to "The intensity of this competition
auspices of the Ayer successful trial trip, she will be trees in the distance. has reached a stage that, in a cer Gentlemen, that in order to carry Galleries in the interest of promot-taken over by the Company.
programme of building ing better newspaper typography, prices which have been obtained in works, a further call on capital Putnam, Librarian of Congress, Mr. In presenting the book to Herbert! the past cannot now be hoped for, will be necessary before very long. and competitive rates have been cut We have deferred making one for Fry pointed out that, since the down to such a level as to rendor as long as we could; but as it hos papers entered in the 1983: exhibi-MUI TSAI ORDINANCE green shadows, keyed up, awaiting |
tain department of our business, out our
you,
der the
impracticable any reasonable proft. been realised that now capital was tion were all of the date of March Indeed, in regard to certain con- required for the purchase of this their first pages were given over steries and tracts, your Board decided that extensive property and its develop-in large measure to
Iment, we feel sure that response to photographs of President Roose rather than take undue risks, even when we were invited to tender, we the call will be readily forthcom velt's inauguration. Because of the decided not to submit any tenders ing from shareholders in general. historic value of the book and the It is not contemplated that the next interest It will have for students of at all, when we realised the hope call will be larger than one of 25 history in the years to come. lessness of profitable competition in
said, he felt it should be preserved cents per share. certain circumstances.
Amounts Writteri Off
"The Board has appointed Mr. In the national library.
In accepting the huge volume, Mr. "A feature of the accounts sub-Hugh Braga, the Company's En- mitted to you will be found in the zincer, its General Works Manager Putnam characterised it as
off as from January 2, 1935.
(Continued on Pege12)
►
qubutantial amounts written under various heads, These amounts have been written off the balance at credit of Profit and Loss Account to which has been added General Reserve Account. It was after very careful consi- deration that your Board decided upon this drastic depreciation. was done after consultation with the Company's auditors.
It
"It will be noted that the 'Com- pany's investments have been written down to the approximate market value ruling on December
31 last.
71
ROMANCE FORCED TO PUT BACK
Leaking. Bilge Pump Causes Delay
CAPTAIN EXPECTS TO SAIL AGAIN NEXT WEEK.
1
BREACHES
Within the orchard the grass was long, almost waist high, elephant grass they used to call it when crawling stealthily through its
the sudden spring and piercing scream of discovery; even now that game could sometimes yield its Removals Are Not thrills. But not to-day; already the council chamber an old apple Notified
tree whose bent and twisted bran- ches hung zo low that parts of Several Chinese women appeared them were lost to view in before Mr. W. Schofield at the Centangled grass around it, stood close tral Magistracy this morning for ahead. breaches of the mui teni ordinance, Safe now. from all prying Inspector H. W. Fraser appeared for they sat down. The air inside the unique volume whose value will in-the prosecution in all the cases.
chamber was close and still and crease with the years." He
Ng Lai, a widow, was fined $10 heavy with the scent of the wind- pressed his appreciation of the ex- for failing to report the removal of falls which lay on the ground hibition which made it possible to her muj tout, Lai Chun, from the around them. preserve a collection of newspapers
Colony, A married woman, Luk Simon lay back. "How of such historical interest,
Hing, was also fined the same have you got, Sal?". amount on a similar charge, X "Sixpence-two
he
ex-
the
Øyea
much
pennies,
two
For keeping unregistered: mui | kalfpennies and a threepenny bit.' taale, Lau Fu Leung, Ho Kam and She let the coins fall one by one in- Chan Kwan were fined $100, $75 and to her "lap" $75, respectively,
And I've got ninepence." He fell in his pocket. "Yes-al in pennies-look-that will be one and three together. We can have a ripping feast on that"
NANKING MEANS TO
· TAX INCOMES
Draft Prepared For Executive Yuan
· INHERITANCE TAX ALSO TO BE IMPOSED
Barah looked down at her brother. "Shall we spend it all? Oh, Simon, now wonder yours wouldn't ⠀⠀ ́oat any tea-bow shall we go to Mrs. Mitchell's?"
HONOLULU'S JOKE ON PRESIDENT
Name For Submarine
The 20-ton yacht, Romance President Roosevelt's entire The most unique, incident on Raia Causes Little Damage Green, was forced to return to delegation called upon him in captained by Captain Hawaiian vacation. was when a "The heavy rains of July and the Colony during the week-end Honolulu and asked that one of August last year, which were so owing to a leak in the bilge the navy's new submarines, now -damaging in other parts of How- loon,, fortunately inflicted compar. The Romance, a locally built in honour of the islands.
pumps
under construction, be named
As he raised himself on one atively little injury to the sites yacht, left on April 16 for Van-
elbow, he brushed a cobweb from within K. I. L. 2,657 then in course couver, and Captain Green, her muhumunukunkuapua's" which The name suggested was "Hu
off his face, the misty twang of of formation. The damage was owner, and his son Phillip ex-led the President to remark that
it entered his nose. "I've been made good promptly,
pected to make Yokohama with the weight of paint required
thinking about that, that's what "Comments on the development cut a stop.
we've come here to decider "If we of your extensive property in K After many months of pre- the boat
It is learned that the draft men go round and across the croquet would be almost enough to sink sures regarding the enforcement lawn and through the s I. L 2,657 will, f feel sure, be paration the captain belleved
gap in the welcomed by shareholders Site that the yacht was so sturdy and
of the projected Income Tax and hedge we'll have to pass opposite Inheritance Tax Laws prepared by the drawing-room window when we formation, I am happy to atate, is that every detail was so carefully
the Revenue Department of the run along the road, and the rotten proceeding according to plan. It attended to, that there was prac
Ministry of Finance have bee badge is low just there we might has been so far advanced that we fically nothing which could
completed and are ready to be sub be spotted if somebody's looking are confident that, without any un cause delay. Trouble did arise, More than 10,000 soldiers and mitted to the Executive Yuan for out, and it would be Just like them forseen circumstances that might however, and the Romance is at labourers are working dally on the approval
If they were; but if we go the interrupt the work, a large por present, at Bailey's slipway. Construction of the Schuen-Kwel- tion of the area will be ready for The trouble is expected to now Highway and General Chiang building before the end of the take only a short time to repair, Kalehek has instructed the direct current year. It is gratifying for and the little ship probably will tors the work that, it must - be ms to be able to state that upon set out again on Thursday. completed in three months time,
WORK ON NEW HIGHWAY. PT FUSHED AN
Nanking
After a preliminary discusalon by other way by the yard and past the Executive Yuan, the measures kitchen and out by the tradesmen's be ally forwarded to the door either Grace, or Cook might
uan for consideration sen
can, we trust them, Bal?", Chekis
Continued on Page 10)
and setle
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HONG
KONG CELEBRATION
SILVER
OF
JUBILEE
PROVISIONAL PROGRAMME
May 6 Morning:
10 a.m.-Official Service in St. John's Cathedral.
11 a.m-Public meeting in, the Headquarters of the Hong the Governor, the Members of the Executive and Legislative Kong Volunteers Defence Corps, attended by His Excellency Councils, Judges, Local Justices of the Peace, Heads of Depart
the King will be read and approved. ments and the Jubilee Committee, and their ladies, at which a loyal address and a telegram of congratulation to His Majesty
Noon-Royal Salute by the Navy and the Garrison.
May 6-Afternoon
4 pm Garden Party at Government House. Noon to 6 p.m.-Chiness procession in the town.
May 6-Evening
Colony will be switched on instantaneously.
8 p.m.-"Lighting up time" The illuminations of the
Military Bands will play in Hong Kong and Kowloon! 9.80 p.m-Searchlight and rocket display by the Navy. Night-flying display by the Air Force. Fireworks and "artificial fountain" displays in the harbour.
Tuesday, May 7,
9.45 to 11 am-Review at Happy Valley. reserved for school-children.
Noon to 6 p.m.
Chinese procession.
Spécial space
lantern procession, which will pass Government House at 9.15 8 p.m.-General illumination. Milltary Bands Chinese
p.m..
displays.
9.30 p.m-Repetition of, the searchlight and Night Flying
Wednesday, May 8.
Noon to 8 p.m. Chinese procession.
4 to 6 pm Jamborally at Happy Valley including a March Past, displays of Bridge Building, Ambulance and other Scout and Guide activities. Country Dancing and exhibitions of handicraft work. His Excellency the Governor and Lady PeelTM will be presentZORN RET
Sunday, May 12
Morning Services in all churches and places of worship,
SEND YOUR FRIENDS AT HOME.
AND WHEN YOU GO HOME- KEEP IN TOUCH THROUGH
THE OVERLAND CHINA MAIL
WEEKLY EDITION OF THE “CHIN
Jel