i
Peak Tramways, Ltd., hold annual meeting
The Peak Tramways Limited held their annual general meeting at the Hong Kong Hotel yesterday to pass the report and accounts for the year ended Marth 31, 1950. The Chairman, Mr. D.E. Clark, reviewing the year's
working, soid:
"Geatlenien:-The Report, State- ment of Accounts and Auditor: Report having been a your hands For the prescribed period, I pro. pose, with your permission, toj take them uk rend,
amounts
1
| CHINA MAID, THURSDAY,
MK financial settlement with UK; defence costs
(Continued from Page 1)
Reminders
Toddy
Forers Nigher at St. Andrew's Church, Fig. Forces - Fe- cursion, 2 p.m. Peter Eragons Photography Club
mevlity at Nine Dragons: .upattifra luxige, 9 p...
payment was due. Certain 'typich; } Labe, fat that ná the full finimum necessary,co, matitalls Club Esitano “at hbuc”, to re
the intter
ceive dipluta conferring, the Officer of the Order of,Christ from the Portuguese Govern ment, 5.30 p.m.
of the heavy mliftdry tramé for higher lavél thin ved estimated which was not designed, and for. This underlines, the, netra (for which no charge was due) that we would diso pay the small city for the additional taxation and the value of the stores aub- amounts or retention honey due now before Cornell, and the Bust- sequently retained by the Civil in respect of the La Salle College deza Rezialrations, Tax, which will Government in respect of which replacement huts. Add the Fatal be shorty Introdučba. "It Dr ala
water supply. of stores such as harbour craft
our Budget equilityfur, and a number of motor vehicles of these rodds, decluding of course we have grøtter
good were dealt with separately in the usistance received from the Yen I hope that it wir spices settlement and a compromise war military authorities in the way of The motion way, seconded By || The retiring Directors, Sirally reached on the value of earth removal equipment, hnd the acting Colenlof Secretary. Union Jack Club, Tombola, 7.30 ·
the stores which mrived after seen met from along Kook funds Sir M. K. Eo's cominïents | Nine Robert Ho Tung, Mr. H. Kadoorie, Mr. M.H. Turner and Mr. J.D.
the military adininistration had and ns we had met two-thirds of
a bragons Services Club, Hong Handed over to the Civil Govern-the cost of the. Fanling water Alexander were re-elected.
Kong Band Calf,.8 p.m., Peat, Marwlek, Mitchell and ¡ment and which were reláinéd by
supply
Describing the souffrent die d should retain owner- we
Photography class, p.m. Company were re-appointed su
ship of these works without any disappointment, Sir Man-kam Lo, HR, Women's International Club, Editora at
remuneration of "The settlement finally reached further payment when the mill- an unofficial member, suid.
really boiled down to a general tary ceased to require them. This **As I understart it the net cas setting off of claims still out was nanlly agreed to after rather sint of the mountai settlement is standing from the late war. The n tussle with the War Omée re-thin: a clean slate up to March 31.
nnum of £00,000 presentatives, but were resulted in
but they insisted 1050 the Colony has 25, na m
of £1,000,000 4 remaining due to Hong Kong and, that any hutments constructed ash the sum as the basic principle was that from their funds should be dealt contribution towards the no mondy shound pass, this sum with in the usual way as fixed the garrison for
curren was regarded – as covering our assets when they no longer had hadelal year, and in
dition the contribution towards the cost of a use for them. clause was, necessary, sum for meeting, the reinforcements up to March 31 however, incorporated. In the dental cláimer und certain entry 1980, and as a final settlement in agreement to the effect that all gory of the War Supply Board's respect of the stores supplied by ixed assets handed over to us by chima. His Majesty's Government ofter the War Office prior to April the re-establishmetit of Civil 1950, were covered by the agree Government on May 1 1046.
ment and became opre without Claims wiped out any further cash payment. "Summed up in a few words the effect of the settlement in rospect of the Anapetal year 1949-50 is to wipe out, with ong
"The settlement only covers (Ke or two minor exceptions, all tums owed by this Government in perfod, op to the end of the pre- We werk respect of claims connected with seni hancial year. the last war. These claims, had pressed to enter into an egree- they been pressed, would have inent covering the, Criancial year
"Profit on the year's working, † 11K$1,500 a year. Lowe, Bing after allowing for Depreciation ham and Matthewn did not seck +37 Buildings, Rolling Block, re-appointment. Electrical .Equipment, etc., Present at the meeting
tp $245,085.70 ax Mr. D.E. Clark (Chairman), Sir against $215,919.32 for the pre-Robert Ha Tung, Mr. H. Kadoo ceding parlod.
tle and Mr. J.D. Alexander (Directors), Mr. J.L. Qule (Secre- "I might state that passengers tary) and Messrs. W. Sloker, W availing themselves of our trans-Paterson, D.A.F. Mathius, V.P. port facility numbered 1,389,377. Waller, A.V.J. Alvares, F.A. Oz. a total which exceeds our pre-rio, Lee Wai-cheong and FD. vious year's Brure by approxi-Wong (shareholders),
mately $12 per cent. As aniici- pated, there has been a dialinet reduction in revenue from the sale of workmen's kekets, but this has been more
than offset through the increased number of ensual travellers utilising our service, particularly at week-ends and on holidays.
"From the Profit and Loss Ac- count, It will be observed that ex- penditure on Maintenance and Repairs shows an increase of
Americans advised to
quit Taiwan
No additional taxátión
principal features of
When agreement at
bathing plente for Services, assemble at the club at 6 Din Annual meetings, British Trader's
Insurance Co, Ltd., 10.45 8.6. China
Fite Insurance Co., Ltd., 10.35 a.m., North China Insurance Co., Ltd., 11.05 H.m.; Ymigtse insurance Association, Lid., 11.15 am, Unton In- surance Society of Canton, Ltd 11.30 and at Union Building. Kowloon Rotary Club luncheon, closed.. meeting, Peniósulá Hotel, 12.30 pm.
Y's
Men's Club Ladies Night, Chinese Bikers, Club, Bonk of East Asia Bldg, 7,30 p.m.
Coming, avante TOMORROW
To me, and, as i feet sure, to all my Ugofftalat colleagu this settiment le frankly # diu- appointment. For it means that for the current year the Colony has to spend by way of ex- penditure
In the tenon of 25 per cent st its revenue which,
should imagine, moet be
at St. John's นา
Cathedral 1,15° pm: precedented in the cha ofion Jack Club, dance, & pm, Crown Cotony.
Recurity for defefice "a
complicated
I am absolutely
Anunciat questions
my
Recital Organ
Women's Section, European
YMCA DICEMUKing Class,
3 p.m.
Taipeh, May 24. The United States Consulate involved this Government in a 1951-32 as well, but we consider satisfied that no one could possi 10a.m.; Sociak Afternoon, $10,000, explainable by the falli General today "strongly ad- hyment of at least. £600,000. Ined that it would be unwise to do biy have put the Colony's 20 that we found it necessary to in-
iridition, a subslamial payiriem so very rapidis tend to change with greater fordel as with more Services Dance, European YMCA, stal a new cable during the year
vised" Americans in Taiwan would have been necessary in very
or a have dealt at some length intimate knowledge of all the 0 p.m. and part of the cost of this has to leave as soon as possible respect of the stores to which I
Nine Dragonit
Services Club, been, written off In accordanc: unless they intend to remain inve already alluded, which ar- with the
tombólag 8 paā... · with our customary procedure.
"Property
regardless of military develop-rived after the close of the M- the settlement, although Robout Involved timin
und were able Members are already familia) | friend the FloobProseistulida, of Awartis at Central Tax. also Rates, įments.
tary Administration
Police Stallon by Governor, Crown Rent and Insurance are
"Since the terms now. Vérovo An official notice signed by the taken over by the Civil Covern-with them as I have had an op
.5.43' p.m. portunity to explain the details this Council must be regarded as together about $10,000
ment. higher Consul, Mr. Robert Strong, in-
BATURDAY than a year ago, this being due formed Americons that "there can
would have been due in respect | Finance, Committee, since my re-Colony esulď obfaid, I fuck that Tombola, & R Valley, 2 p.m. "Moreover, a heavy payment both to Executive Council and the host favourable which this Nine Dragons Services Club, to the Increased assessment of our be no assurance that the United vndertaking by Government.
should be accepted by this Khee Mecting, Happy, States Government will be able to provide transportation facilities Wage
ge payment in any emergency that my arise," Americans in Taiwan had in- "As regards Salaries, Wages dicated yesterday they intended to and Retiring Gratuities, these ex remain despite the threat of a ccad the amount shown in the Communist invasion previous account by $5,000 ac- counted for through the neces The main question in Taiwan ity of granting increments
to today continues to be whether the cectein of our workmen in Reds will be able to carry out an cordance with revised scales op-
invasion this year. President plied locally to these staff cate-Chiang Kai-shek does not think gories. Additionally, allocations had to be made for the superan-
they will. eral of the stngf nuation of several
next three months.
within the
have cost if they had remained on their between £4 and 28 milion.
payments sary.
Financé
seand
; bet,
last war.
not, seek to raise' fure
SUNDAY
Shatin, members to meet at Jordan Road Vehicular Ferry, 10.30 am,
meeting
talk on "The Church Japan" by Mr. J. R. MacLachlan, 845 5.m.
Dragons Services Club, Tómboin, 8 p.m.
of the dest of rainforcement official level fhad been reached Ceuten. If for no other reason för tre financtül year 1949-50, for the cost to H. M. G. of London, a summary of the u these additional troops. over terms was telegraphed to long than that of putting an fad above what they would Kong and Your Excellency.com to all outstanding Bannelal ques Art Club, Retching party to
ned munfeated them informally to And I shall sa vote, but only on
arising from original stations, was Executive Commene a Committee the understanding that Govern Toc H Classical Concert, 50,
bere
Indicated Members
Macdonnell Road; 8.90 p.m. ment. will "As a result of the conclusion Honourable of this overall settlement these of such a settlement provided that settlement, but will, if necessary
ther revenue to meet this financiul European YMCA Armchair Group readiness to accept the their
Lerma revent will
nat now be
they were Inxtend the Governm
ziven
an undertaking resort to drawing on the Colony's This drawing on the will be able to transfer to re-
that no additional taxation would Teserves. on the be imposed this year other than Colony's reserves is, of course, an Nine profits made
additional justification venue the
tion for
the ** sale of War Office stores, together that already contemplated.
"Although the payment of the Inland Reventio Amendment BHI with certain sums which have
contribution of 1 milion in the seconit and third rowdings of been held in suspense pending decision on the incidence of muny respect of the present Bnancial which are on today's agents.
express the stron
the will year, will cause a deficit on, the
strong wilt th In a talk yesterday to members umeant to quite an appreciable Government has its intention of the
all CIATE for Assets, that the valuation of
Government accepte roy referred to
Any additional taxa- which the towards mecting the payments
An exhibiiion of photographic Rolling Stock has been
cen increased Generalissimo
strengthening of Taiwan's de-over mert under the terms Bill for the increase in the stand-sible excuse for any further des works of Mr. Lau Cho-chuk was
parties
opença di the club-rooms of the fences, caused by the Nationalist
and proffts lay.
wish to muke 1 Kong 217, Prince's Building, yes- would
Photographic Society of Hong Chusans.
lity namely in respect of those tax now before.
dear
the amount agrechterday... that "Talwan là how impregnable," claims for compensation for ships ndas Registration. Tax which will
be introduced, and the or for this year's shortly
contribution ho declared, adding: "We dan equlaltioned under
the one proposed tax on electric signi, towards the reinforced which H. M. G. would accept were they against itself, and an extraordinary mature hot Colony's standar
who had served the Company för
a considerable number of years.
you
will the Balance Sheet,
cserver
4
18
Taiwan now impregnable
of these war claims. These W Budget of just over $12) milliók, |Goverment or withi
Under Fixed of the minority parties here, the total, which will go spine. was "ver and above the [ponsibility. There cán BÉ HO "ANGL
by $55,000, and this chiefly relates to the cost incurred in the con-
Bird
for which thin
of
struction of the new all-metai pas i withdrawal from Hainan and the the settlement will assume labi-Yate of carnick the Busite.s
car
which was recently placed! in ser- vice. Designed 13 carry a
con-
full
no
onomy."
garrison 31
PHOTOGRAPHIC. EXHIBITION
gor be defeated by the Kong Defence plan of a type nless there are developments of [must, not po regelbontribution "one-man shows sponsored by the
plement of 62 passengers, whirb is nine more than can be accom1- modated in our standard type of. car, this feature has been accom- |
And the Governor of Talwan, plished through rearrangement of industrial lenders, expressed his Dr. K.C. Wu, in a speech before accommodation and the scating general fayout, without
to the comfort of who, we feel
The
any
Sacel-
firm belief that the Reds would
claims by firms in respect of
Kong War Supplies Board in 1941 goods supplied through the long
ba
as the
matters
The exhibition will fast (1) May 10 hi the third series of Present forese
Fature contributions are
Society. “And even if bilkumsignées for the future, mid when his opening Ceremony was changed
and radically, there would question comed to he considered, per Memed by Dr. T. C. Eats, whi ng question of forcing all the relevant factors such of it a well-known photographor in
Bizo through additional taxation thin the of the garrison, - Ind China. 1,
"POLLES! year if unofficial members were Colony's expenditure on
A large section of the photo, Fand unanimidusty against it.
security measures,
the graphs on view fouture little The position would-be rather Colony budgetary position, etc. miniature, in which the photo- different, however, in the unlikely will no doubt be Juken into grapher specialises. "I am afraid that His Majesty's event of the contribution là
account" is half a ton lighter than our re-er of China and Indo-China-Government were not prepared spect of the cost of reinforcing cular models and, on this account, Associated Press.
fleet
the Governments of India and or passengers not be able to invade Talwon this Burma, in cases where it caří bal
definitely established that such
ure, will further Pra-Nationalist Press reports goods were actually shipped or appreciate the various innovations alleged today that the Chinese which have been installed. Apa Reds were moving thousands of delivered into gollówns for ship-j
from the ability to handle more passengers per trip, the new car reinforcements towards the bor-
1s more economical to operate.
Consequently, it
It is proposed to re-
build in similar manner the car
which we have
drown
recently with-
from service.
"On the Liabilities side of the
Balance Sheet, it will be noted that
we
now
include
Rellring
Leave Pay' Accoun
Drilling of menacing
ment
te
to agree to any credit in the garrison not being paid in full. settlement being given in respect This would constitute & breich of the agreement and creatð mis
'Mr. Follows reply The Financial Secretary replied
to make Mangle, per cent of our
settlement de campreachitos
of the other types of War Supply entirely now situation, In Uless he was happy and the spokes- Bbard claims, namely, those in
***leffeumstances. HI Majesty's run of the undicial members had feet of goods which were, in
when Government would naturally not declared his intention of accept- manufacture process of
consider themselves the Japanese attack was launched longer b
terms of the séfdiereift. by this of and. those in respect it
vanced by some of the I was our endeavour
devõiětí to the cost of de- the Provisions for rock ordered to subcontractors: Therd transferring from the Prof! Public Works Department suta of 334.819.98, tb bring this up workmen have been assigned to $50,000. In explanation, I would to drill the 400-ton rock which state that certain members of the is threatening to avalanche on staff have now completed a very a squatter camp in the Shauki-not long term of service
thewan districi. Company und, as hitherto, wo The drilling has been ordered,
qucktionably are obvious objections to making, as posible. We had. In conseqte fence tid, sifternal security is un-
Tigh)
Gratuities under Passages and
Lass Appropriatiom Account the
with the
for the granting on spec pollon jo break the rock to facilitate
removal,
A Public Relations Office stole
in the case of d particular cate orice fovered de colony raid Mrs Follows, "but i cory of claimants, as gratia Day-ground which involved mich ex- ments, where no legal liability amination of detall. Throughout think I can enfely say without exists, for what in effect was much impressed by the very fals
These lengthy discussion: I WENs of contradiction that the terms that wa obtained were the war damage. Such action could are reasonable delete, air best possibles
fatto have awkward repercussions.
Treasury délégation and- Indoet some members of thất Avidgation were of the greatest grifitarīte qy us In our dealings with offer departments..
extremely
Argument over
contributioni
of special ancta on retirement, you
your pitec
“Aš régards the filanciál' year") tors consider It prudent to esment said yesterday that the dis- 1950-51 His Majesty's Govern tablish a reserve for this purpose: lodging of the boulder, is a direct Tent: pressed for a contributio instead of charging experiditure of results of the squatters the towards the cost of freidtbred
as has been dong in the past. ⠀
Replacertionts
neighbourhood who attempted to
t
Cloan state
Ith the Causeway Bay area and way; sestrity generally. I had: att art Honds KÄINEN AYET 10ur
out ples
"It is a matter of considerable this nature to Salaries and Wages, vel the site.for building. The nients of £1 million over und satisfaction that we have at: long
added to the wet weather, decurred above what we are already
internal longer hava. at the Chan Goh Hang Villageing on local forces and nerd last wiped the slate clean and ro
of unknown in earlier stage handed to the buite 411 also recommended to brought about by the same reason, Treasury delegation a memoran transfer from the Profit and Loss Fadded the statement,
Hunt Which I hus prepired on the which Appropriationi Account the sum
Hong Kon, proportionate amounts or Which I had ly tha!
proportion of liberation for it has been arreed surplus balances,, was com- that no further.
also that heavy
sa by taber llic, we w
ie danger pt afta-aldiring that post stressed parties of the Secretariat ever.
of $45,000 for Replacements; efforts on the surt of the squattery which of course apples to the cannot be too strongly emphal
Foflodic recessity of replacing ied, as in the rainy season; the owed rainst loan advances and the type disposed OLA
certain' of our machinery Thiesa chance of platodgament of rocks recommendations have been, In- is always possible without the
corporated in the Accounts_und. I. added-assistance of the top would be inecémmis persikere feferred to; HIVU ! NOT tripfiffez
tr will meet with your ap-Being removed, sold the official Fróval
Tefense:
services.
Mr. Follow added that no doubt; Him. Multury'a dovert ment', fole that, stildoph 35' põh
..... aur, total; revenue
Kigh proportion, to pay to the Services in
position to buan
burdan.
hongurable tribution. hay
to finance dial micfr development work de
new airport and
to ferm minor claim is interpret "f" thinki 1° have, covered the The Social Welfare Office.
water movements to
„ind, alker is as a claim under 2 15.0003 The 3. Thậ main items requiring clarißcation beers Instrumental in getting the our birder way on social only ones wd caff, antyard well arran and with these ich remarks, Boulder propped up as a tema te ngan laviled atten- be quite small such as rums ade the curly, now formally propose that the porary measure and the PWD are but to theme facts and we end-vanced, by the protecting, power fortid of Report, and Statement of Accounts. deilling in preparation for blasting evoured to persuade E. M. G. to in Shanghal to persons interred daima to whe as presented be adopted, and that All the squatter to the vicinity agree to a contribution of herd, who at one time had is in Dub offier claims the amount available for distri-
They were not. probares | connection with Hong Kong bution, viz. $276,207.42 be allo-have been warned and told by million,
representatives of the Social Wal- to mccept this pure However, not an idioated, fare Department to vacate the even when it was
cated as follows
Pay Division, că, áỡ; a share:
(free" of Tax) ph 25,000/- *
- Pullý – Pakk1⁄4Ưpc 2hhcm --
• $70,000,00
Pay a DivideAA DIITKÖ K'shark'
'(frée" of "TKK'}}um 80,000 $5
Pild-Up: Jijkende jitilises ·70.000.00
Trassfer for: Provision for Pas
'sareo,” Duavi`Puy and Retiri
Ang Khratuitlán, pas vanemate
Tennefer for Provision
for Provision; fortiter
aten
berested this the imitation to was supplementary meat might will have any pre
therefore be arranged". If we again had j
WHITESAND BAY ON MANGEUVRES
HMS: Whitesbičtí:
carly,
| substantial surplus on the ar's settlemong
working.
•that
cerned
tiriy
that Kong defence, plans the
[more complicated.
Figo
SINCERE'S
DEPARTMENT STORE
REMARKABLE
VALUES!
CZECH CRYSTAL COLOURED] -
GLASS JUICE SETS
comprising
I t
6 Tamblers 5 oz.
In amber, Whe green, blue, and pink colours.
$9.50
PER SET
FINE ENGLISH. BONE CHINA
TEA & DINNER SERVICES
AT NEW LOW PRICES I
Silver Edge, Coral
or Geron Line.
TEA - SETS
41 pes (for 12 pördóns) ·
$45.00 PER SET
22 pcs. (for & persons)
$28.00 PER SET
1
27 pce. A.D. COFFEE SETS $23.00 PER SET.
9. péð. MORNING SETS $15.00 FEE SET
RED ROSE & FLORAL DINNER & TEA SERVICE 60 pcs. (for 8 beriba
$180 PER SET
SEE OUR WINDÓW, DISPLAY--
THE SINCERE CO., LTD.
By Appointment
Merchants
to His Majesty
King George for
*
'LIGHT DRY'
SHERRY
DON
SHERRY
SANDEMAN
Sole Agents: DODWELL
$ Revolutioncity
FIRST WATCH TO WIND ITSELF ON
· BALL BEARING
F