THE CHINA-MAIL, MARCH 7, 1989
WAS HIS OWN DEVELOPMENT OF LARGE
POST OFFICE CITY BLOCK: LAND
Lam Tai, a 26-year-old cook, was charged before Mr. R. Edwards at the Central Magistracy this mom- ing with possession of 41 letters deliver to which he intended to Nam Hói district personally instead of through the Post Office.
Detective-Sergeant Allen
.
Baid
that defendant was searched by a constable, at Po Tak wharf and the letter found on him.
Defendant, who pleaded guilty, said the Post Office was not, mak- ing deliveries, to the district. He was fined $6.*;*
HUMIDITY 97 PER CENT.
Humidity in Hong Kong at 10 o'clock this morning was 97 per cent, reports the Royal Observatory A weak anticyclone has formed over Central China. Depressions are situated over the Sea of Japan and to the south of Japan, and both are moving "north-eastward. The depression over Indo-China and Siam is stationary.
Local forcast:- North-East and and East winds, moderate; overcast, misty, some drizzle or light rain!
CHARITY RACKET ALLEGED
For having collected money for a charitable purpose but having neglected to get written permission from the Commisioner of Police, Pau Yam Ting, alias Pau Shiu Hong, 39, unemployed broker, was this morning charged at the Kow- loon Magistracy before Mr. E.
Himsworth.
INVESTMENT CO. MEETING
MATHE
NEW SUGGESTION IN CHINA UNDERWRITERSCASE
AN ENTIRELY NEW SUGGES TION EXPLAINING THE DIF- FERENCE OF THE PRICE OF AWABI IN THE STATEMENT THE POSSIBILITY OF THE EARLY DEVELOPMENT OF
MOST VALUABLE AREA EXTENDING FROM ST. FRAN- CIS HOTEL, IN QUEEN'S ROAD, TO OLD POWELL'S BUILD OF CLAIM WAS PUT FORWARD PRIETOR OF THE CHEONG ING IN DES VOEUX ROAD, CENTRAL, WAS MENTIONED BY MR. WONG YUN-TONG, PRO- AT THE 50TH ORDINARY ANNUAL MEETING OF THE
SUPREME COURT THIS MORN- HONG KONG LAND INVESTMENT CO., HELD THIS MORN-SHING HONG FIRM, AT THE ING WHEN PROCEEDINGS ING IN THE BOARD ROOM OF MESSRS. JARDINE, SON-AND CO.
WRITERS, LIMITED, FOR $80,- On the company's 50th. anniversary,, a total of $2.50 per share for 1938-50 AGAINST THE CHINA UNDER- the Chairman took the opportunity of cents better than 1987.›
Taking advantage of the exception-906.23 BY THE CHEONG SHING reviewing briefly the history of the company and later expressed the al profit shewn by the Working A-HONG FOR LOSS AND DAMAGE regret of the Board on the retirement count of the Gloucester Hotel it is pró-
once more the TO GOODS BY FIRE, WERE RE- Ho posed to appropriate through ill-health of Sir Robert Tung, who had been a director for sum of $50,000 to write down furnish-SUMED BEFORE. THE CHIEF ing, fittings and fixtures. You can be JUSTICE, SIR ATHOLL MACGRE- nearly a quarter of a century.
GOR. The chairman, the Hon. Mr. J. J. certain that these assets now stand at a very conservative figure which of Paterson said:
With your permission I propose course is where such rather transitory Referring to the sales book, witness stated that awabi was sold at $12.80 following the usual procedure, taking things should stand,
per case because each case contained some swollen tins and, therefore, he the Report and Statement of Accounts as read..
had to reduce the price for the ens- tomers, who ordered the goods.
You will have noticed that you have before you the 50th Report, the occa- sion provides me with an excuse to give you a little of the Company's early history.
A LONG WAY
An item that appears for the first time is $29,400, required to write down gradually those properties which are
Mr. D'Almada pointed out to wit- held from Government under either 75 or 99 years leases and not under 999 properties which can run on as now the godown to fulfil the orders, and years such as exists with your central ness that he had sufficient goods in the for the next seven centuries or so. The asked why he did not sell the good The growth and progress of Land Company has been associated scale of appropriation has been work cases of awabi to customers at the closely with the development of this ed out to bring the bookt values to nil market price of $22.50 per case and was discovered that there were only Colony. It was incorporated in March coincidental with the expiry of the make more profit. Witnesa replied 1889 with a capital of $2,500,000, to-leases. I think people in this Colony that when the consignment arrived it day this has been increased to $10,- are apt to forget that Government as 000,000 of which $7,500,000 have been trustees for the Colony, owns, all land, 20 coses of heavier tins of awabi which of these short term leases is being put aside the 20 cases of heavier tins
which were issued, we have a sum of over $15.- we lease and develop it. The renewal the customers ordered. He therefore insufficient to fulfil the 000.000 invested in property.
discussed now.
orders and sold cases of smaller tins, CARRY FORWARD
the swollen tins, to In the early days your Company's
You will notice that the proposed which included fortunes were bound up intimately with those of Sir Paul Chater and carry forward is greater this year by customers at reduced price of $12.80
NEW SUGGESTION Jardines, its sponsors were the ori- $68,703,38, in support of this
Asked to explain why, as a business- ginators of the Praya Reclamation Board desires to point out experience
of scheme in 1887 that gave to the Co-in lean years shows only too clearly lony a large area of land and upon how imperative it is for any land con- man, he kept back the 20 cases this land now stand Prince's, Queen's, cern. to nurse tenants over periods of heavier tins of awabi and did not let King's, York. Chung Tin and Alex-bad trading and to take a sympathetic the customers have them, witness re- attitude about rentals. It never pays plied that he could not explain, as the andra buildings all owned by your to destroy good tenants. The carry transaction was done through one of Mr. D'Almada? reminded: witness Company.
With these properties and with the forward is available for any allocation the fokis who would have to explain.
which later may seem to be sound. addition of the Gloucester, Powell's, Mr. D. V. Steavenson seconded and that he had been given a chance pre- Mercantile Bank buildings, Marina
The Hon, Mr. M. K. Lo was confirm-return witness did not make the slight- House and Holland House the picture the report and accounts were adopted, viously to consult the foki and on his of your Central District holdings ied as a director on the motion of Mr. est suggestion of certain cases
sel remarked that this suggestion re- H. W.Dulley, seconded by Mr. Jawabi containing heavier tins. Coun- way since 1889:
garding the weight of tins was com pletely a new suggestion."
complete. We have travelled a long
Before passing on to the Accounts there is one other matter about which I want to talk.
Gardner
your
On the motion of Mr. B. C. Field, supported by Mr. D. F. Landale, Messrs. AH. Compton and T. E. Pearce were re-elected to the Board, while Messrs Ferey Smith, Seth and Fleming, and Linstead and Davis were re-elected auditors on the proposal of Mr. L. Newbiggin, seconded by Mr.
It was alleged by the prosecution
Your Board was extremely sorry that he had collected money for a purpose which he said was charit-to receive on the 3rd January this able from the S. S. Tai Sang on year a letter from Sir Robert Ho He was allowed bail Tung in which he resigned from his January 22.
directorship for reasons of health. of $500, while his case was re- Sir Robert was invited to join your H. Gittins. manded one week for further hear- Board on the 18th February, 1913)
The following, attended: The Hon. so you will sees that his invaluable Mr. J. J. Paterson, chairman, Mr. A. ing.
services have been given for over a quarter of a century and I can assure H. Compton, Mr. Felix A. Joseph, Mr. you that his experience and wise coun- A. Raymond, Mr. T. E. Pearce, Mr. S. sel will be sadly missed. We all wish T. Williamson and the Hon. Mr. M. K. Sir Robert an early return to health. Lo (directors) Mr. O, Edger (secre- In his place we welcome Mr. M. Ktary) and the following shareholders: Messra, D. V. Steavenson, H. W. Dul- LO
ley, J. Gardner, H. Gittins, B. C. Field, VALUABLE AREA Turning to the accounts the figures D. F. Landale, DL. Newbigging, A before you reflect twelve months R. J. White; P. Morrison, Kwok Hin- trading during which the demand for wang, R. M. G. Silva, A. S. Gomos, F. both business and living quarters has C. Hall and C, Murdoch.
Tho taxed supply to the utmost. amount at the credit of Profit and Loss Account is just over $240,000 more than for 1987..
ROMANCE AFLAME ... ON THE RAW FRONTIER
in a pulse-pounding drama of
i'
life with a thrill in the
roaring eighties
MEET BONANZA BILL BARKER
With another man's borso, a well-worn gon" and a "borrowed book, be brought Ma own brand of justice
to the raw frontier 3.
The LAW WEST OF TOMBSTONE
WITHOU
HARRY
CAREY
TIA ROLLANA
* ··· EVELYN ̈ BRENT- JEAN ROUTEROL. CLARENCE KOLB' TAKO RADIO Picture-
Produced by CUFF RED. Directed by OLENN TIYOR. Screen floy by John Twist and Clarence Upon Young,
THURSDAY
At The
ALHAMBRA
In my speech last year I referred to the necessity for redeveloping 'M.L 278 (1A Chater Road and 2 Con- naught Road) and M, L. 2c (12. and 12A Des Voeux Rond Central).
HEROIN PILLS
IN FALSE BOTTOM
per case.
of
The defence alleges that alterations collect to prices in plaintiff firm's books were fradulent and were made to more money on the insurance policies than was legally due.
Mr. Eldon Potter, K,C., and Mr. H. C. Macnamara appear for the plain- The tiff firm on the instructions of Mr. E. Davidson, of Hastings and Co. defendants are represented by the Hon. Mr. Leo D'Almada, Jnr., Mr. D. J. N. Anderson, instructed by Mr. O. E. C. Marton of Deacons,
The case is proceeding.
and
FEMALE GAMBLING SCHOOL IN KOWLOON
A women's gambling school was
A clever trick by which a 20 discovered by the Kowloon Police year-old Chinese woman hoped to
far no move has been made with fool the Revenue Officers, was dis- at No. 82, Un Chau Stroot last
olther of these properties but your Board hopes to take early action with closed this morning at the Kow- the latter thanks to the recent pur-loon Court before Mr. E. Himaworth, chase of M. L.2 Section B (18 and when the woman was charged with 13A Queen's Road Central). By
There is one small land sale to ro-
night, when 19 women were ar- rested:
The raid was carried out at 8.30 p.m. - under · sub-Inspector C. T. Byron while the women were play- ing the dice game.
"Their ages ranged from 28 (to 50 years and among them almost half were widows.
quiring this site your Company now having heroin pilla in her posses owns a most valuable area oxtending sion, through from Des Voeux Road Cen- It was stated by Revenue Officer tral to Queon's Road Central, a chan Aherno, prosecuting, that the ac- nel through the heart of the business used had, on March 8. tried to: and shopping district.........
evade revenue men, by concealing
Before Mr. Q. A. A. Macfadyen cord, that of the western half of I. L. 4,987 heroin pills in the false hot this morning, the womon, Including 2821′ (Praya East Reclamation, vacant tom of a rattan basket, but a Chin- the keeper, Wong Sam-koo, 40, land) which was made a ese R. O. noticed something suspi- widow, were charged with keeping a satisfactory price and in pasa ing I mention that the remaining clous about her actions and search- or with gambling on the promises. portion was disposed of equally led the busket, with the ultimate A fine of $55 was imposed on the tractively during January this your discovery of the conconled goods. keeper and the gamblers were each As usual the profit has been transfer. The woman had been about to board fined $2. while 12 gamblers, who red to General Reserve Account (42)
77 SHORT TERMS LEASES DES Noi 91 bus atthe junction of Castle failed to answer their charges had
Profit and Loss, Appropriation Peak
Tai Po Rond.
worth fined
Is proposed
Account you will design i mal diy)-WMAS
dond of $1.28 per –
which with the interim dividend makes $2,500 or nine months.
their bail of $8 each catreated.
The table money, $9.40, » was donated to the Poor Box.