CLARK CHAPMAN & CO., LTD.
STEAM & ELECTRIC MARINE WINCHES, PULVERIZED FUEL EQUIPMENT, HIGH PRESSURE STEAM BOILERS, ELECTRIC MOTORS AND GENERATORS.
ENGINEERING EQUIPMENT CO., LTD. H.K. & Shanghal Bank Bldg. Tel. 27769
JOHN CLARKE'S
CASEBOOK
Finding A Friend
CHINA MAIL
HK Rent Restrictions Criticised
Criticism of the continued restrictive legisla-
INTIL rather less than tion on rentals for residential properties was
U two years ago. Terence
expressed by Mr W. Stewart, Chairman
of
worked, contentedly enough. Humphreys Estate & Finance Co., Ltd., when he in an ironmonger's shop in
in Ireland. presided at the annual general meeting of the
his home-Low
Then, quite accountably | Company this morning. and suddenly, at the age of 28, he was seized with urge to change his job.
He handert ut his notice at pired, packed lus bags and tank the boat to England a semich of adventure
the shop, and when it hel
IN
Mr Stewart said that the standard rent of 1941 was unfair in its application to European resi- dential properties and that the permitted increases on those standard rents was "entirely unrealistic against current values."
He added that, fortunately, the Company had many tenants who, recognising the simple logic of the reckis views he had expressed, had voluntarily agreed to in-
crease their rents.
not Terence
hele s 17 het Adventurel,
11+ ambition at a tight reht. made his way to London, tur almost at once found a Jola- as
29
shop.
at anger's
THE GREAT IDEA O this first 12 months here.
Addressing the meeting. Stewart seiri
The net profit working for
$518,517 To profil on
the year
this 18
Terence was happy enough Lon the of The wonders lighted him and seemed endless, and, being happy, he did well; 790. at his work, freeising pissenokardi m status.
DS
the
My beneft to this Company from the increases adopted amounts Norm 1
only to some $1,500 per month. 1953 1s
I cannot let this occasion pass welded without expressing my opinions; of uf property of Bestly, that the standard rent
balance 1941 is unfare in its application The
residential of to European
pro- brough! forward from 1952
compulsory making available for $135,003.
perties,
of familles 1940
Jn total of $1.227.- Jevacuation appropriation
of necessitated substantia, redue- The recommendations
with lions in rentals
#2 that time. the Directors in dealing this balance are set out in the and, secondly, that the two In- creases permitted since the war, Report and Rust they ruert After he first 12 months, Alte
totalling 55 on the standard with your approval. Simple pleasures of sightseeing Tin Port
rent of 1941. Account
are entirely 11- began to pull. Terener realsed, disc base's
realistic against current values. wus how stunt he was of fruits
nany we have than the previous Fortunately. skelly less
This The to the sale tenants who, recognising the Night after might, he sat alone a
Minden properties and simple togle of the views I have in he furnished room in Victoria,
have voluntarily Kowloon, expressed, Cornwall Lodge in cursing his solitary state, long-
agreed to
increase their rents, This was compensated to a cer- At Th log for someone to talk to
in-thereby making It by voluntary
possible for fal extent
To undertake much-needed ereuses of rents by some of our us
of our May
This
East he had any idea
most
th
Lutions
Vec
are
ኒያን
He would make it a nightly 1 tenants. Expences are shown in repairs to some
policy. habit to visit one public hituse, as much detail as possible and Road buildings.
atditional revenue self- whereby stay there as long as he could,
with commensurate
today's infiltrate himself into the em explanatory
costs and values can be partly pany of the regulars, and from You will notice that $56,844
improvements devoted to repairs among then And he friends
spent iti was
properties to tenants' advantage, muntenance against $30.511
is one which we shall continue This the previous year.
us far as possible, but so long as largely due to major overhauls
restrictive legislation persists- of some of our property which
now nearly nine years after the and were considered essential
our desires in this direc- anwar-bur Special repairs. tion will continue to be handi- long overthie.
capped. mounting to $44.349, represent
THE KNAG
THE idea had at mrests and the results were quite ene couraging Aftel
W
10
TAG, he knew seven ment ged to, and soon even knew the maities of site and a lutte adwor them.
There
Why
is **
157
of work our sure of the carried out by Goverutnent restoring the hillside on the ap- shag pronel road to our The ghtly
pens end. Duok site ovcessitated by !","।z「1 disastrously expensive
srious landslips. Bank Interest Week by week. Terence Jammut is considerably reduced follow- Tre needed more money than he ing a refund of our overdraft. prises if he was to carry fals
"VERY FAVOURABLE”
the Company's to the car end. He
great idea to the began to
to steal, only a shilingi
The Balance Sheet discloses that our Current Astbly exceed or two at a time, from the till Current Liabilities by $582,435,
in the shop where he worked
Inevitably, sitter
stale
elten, Terence was caught.
that
over
J WILL REPAY
E'S always given
good "HE
service in the shop." the offeer in charge of the case said to Sir Laurence Dunne, the Chief Magistrate.
le cullined Terence's history. "He says the Is that he has reason for this been drinking henvily, and impaired his Judgment."
"Have you had temble with rink befor
Sir Laurence sked Terence.
Terence hung his tousied black muttered into his bend, and overcont entlar: "No, sir, I never had no trouble with the drink. It's just been feeling all lonely and depressed, and didn't seem to have friends, 113#
promise I'll repay the mone
money, if you'll give me the chance."
ut the
Amortisation
tu
was
Mail Notices
and
Established: 1845
WEDNESDAY, MARCH 10, 1954.
SIDE GLANCES By Galbraith
回
5. M. Pag. 5. 6. Pak Ö Dept, 1964 by MLA Borden, IL
1-22
"This looks like lip rouge on Junior's shoulder! I'm afraid the days of cleaning chocolate ice cream spots are gone forever!"
Genenal Managership Agreement Terminated
At an extraordinary general meeting of Humphreys Estate & Finance Co., Ltd., held this
morning a resolution was adopted terminating the agreement of Messrs J. D. Humphreys & Son under which they acted as General Managers for Humphreys Estate & Finance Co., Ltd.
The
ments.
now
CX-
Mr
was
01
at
NEW
SHEAFFER'S
·ADMIRAL
"SHORKEL
PEN
Face
Drugs
Four Poisons &
Charges
Three men and a woman appeared before Mr Hin-shing Lo at Central this morning on charges of possession of poisons, permitting premises to be used for the manufacture of heroin, possession of dangerous drugs, possession of dangerous goods and resisting arrest.
Defendants, Tae Sock-yuen alius Chan Yau, 42, Chan Chi-ming, 42, Cheung Kan-ying, 35, female, and Chan Chun-kwok, 30, were remanded for seven days in gaol custody or bail of $10,000 half cash, half surety allowed pending transfer to District Court.
IWO
bottles
Det, Sub-Insp. C. C. Chau is dangerous goods, namely in charge of the case. Mr bottles containing 1200 cc of Patrick Yu appeared for the Reetle unhydride, two first defendant, Tse Sock-yuen, contai
containing 650 CC of con- All four defendants are centrated hydrochlorle arid and accused of having had in their 10 bottles containing a total of possession on February 25 at 10 pounds of ether.
The first Roud, 79 King's
tourth floor,
defendant i Also
thelic
ព
four bottles of Baker's Anaes- charged with resisting arrest on thetie Chloroform, without February 25. permit under Ordinance,
Part
[ Toicons
The first of the four additional charges against all the accused was permitting the above men- loned premises to be used for the manufacture of heroin on the same date.
of A charge dangerous drugs.
possession
numely one morphine hydrochloride and 0.2 grumme
gramme
crude
of crude dincetyloorplilne base without perinit was brought against all the defendants.
They are
having
had
uf
WOMAN.
LOITERER
FINED
"The inspector at the Police
also charged with station sold that he would have to arrest me as there had been possession
no ather arrests that night,-
would but ho
release me if there were more arrests later, sald 35-year-old Leung Chun.
before she unemployed. convicted by Mr Poon Yan-hol this morning for loitering, and fined $75.
Red Candidate Defeated
London, Mar. 9,
Another blow was struck at Communist influence in the British
trade unions, when W. E. Jones, a non-Communist, was elected the President of the Miners' Federation in succession la Sir William Lawther, who is retiring.
Was
Leung was also ordered to be bound over in the sum of $200 for one year.
According to the Prosecution,
1287
and two Policemeu. Cpl PC 3709 were on patrol at Des Voeux Road Central near Ou- man Street at 11 pm. on Murch when they the defendant talking to a Chinese man. Keep- Jones, who was up to nowing her under observation, the secretary of the Yorkshire Policemen saw her engage three Miners' Union, was running different men in conversation well-known and within half an hour. They then against popular Communist leader, A. arrested her and took fier to
ht, the President of the Eastern Police Station,
Leung's story
was that she The presidency of the Miners' met a friend and had talked to Federation is one of the key him for about half an hour be-
of British irade unionisin. for that posts
the policemen aune up,
after A first blow was struck by the and
ter searching her British labour movement against friend, they arrested her. Shr Communist Influence
alleged that the Inspector in trade unions two weeks ego at the station told her that she when
H. would have non-Communist,
to be arrested as When a Oppenshaw, was elected Presi- there had been no arrests that dent of the Metal Workers' night, but that she would be
includes 900,000 released if there Union, which
other tvero members.France-Presse.
arrests later.
Mish Miners' Union.
Shareholder Opposes
Resolution
Objections were raised this morning by Mr N, V. A. Croucher at an extraordinary meeting of the Peak Tramways Company, Limited, to a resolution terminat- ing the present General Managership.
be-
The meeting was convened to terminate the agreement twten Messrs John D. Limited Humphreys and Son, and the company, and to in- crease the capital to $1,500,000 by the creation of 75,000 new shares at $10 per share.
and the financial resuits achieved reflect great credit on their adminis- tration.
Explanations of the reasons for re- examinending the acceptance of the
264 Summonses. Dismissed
At Central this morning Mr Hin-shing Lo dismissed 204 timonses agnirat stali ownera who accused of having caused obstructions.
The Police offered no evidence when Mr P. C. the Woo, appearing for hawkers, pleaded not guilty to all the suminenses.
Court Claim For Deposit
The cross-examination of the Manager of the defendant Bank by leading Counsel for the plaintifs In their 21⁄2- deposit claim million dollar continued before Mr Justico Reynolds in the Supreme Court this morning.
Plaintifts kre Re China Mutual Trading Co.,
13-27 Ice House
defendants
Ltd. of Strect
and
are the Banque
Belge Pour l'Etranger (Extreme-
Orlent) Societe
Edinburgh House.
Anonymo,
Plaintiffs are claiming for return from the Book
the
of HK$2,590,171.96, being the bulance of margins pald in connection with the impor
of certain goods into
18
Plaintiffs claim repayment of this sum with interest thereon, or alternatively the equivalent in Hongkong dollars of 504.43, or allernatively damag
Defence that the The margins had, at the request of the plaintifs, been converted into U.S. dollars and that they held by the defendants in U.S. dollars in the United States, As
of the freezing a result regulations passed in December, 1950
the monies had become blocked and could not be rew turned.
were
Mr John McNeill, QC, Mr Percy Chen and Mr Brook A. Bornacchi, all instructed by Mr H. Chan, of Messrs Lou, Chan and Ko, are appearing for the plaintiffs.
are repre- Hon. Leo
The defendants sented by the d'Almada, QC, and Mr D. A. L.. Wright, both instructed by Mr of Messrs H. J. Armstrong. Deacons.
CROSS-EXAMINATION
of Mr M. Ubaghs, Manager
whose Bank, the defendant
Mr Me- cross-examination by Neill commenced at the
his evidence-in-chlef clusion of
Monday afternoon
cross-examined
on
further
con-
WAR
by
Counsel this where
In reply to a
would a payment by plaintiffs be recorded in the Bank if it was not recorded in the transit BeCount, witness said that it a different might be quite
Sometimes transaction.
the Bank received amounts for various other customers and when
such that happened mounts would appear in their Pay- books in bulk amount. ments by plaintiffs were re- corded in their books, not neces sarily in the transit account.
Witness
that explained
n.c- Hongkong dollar current count was not a transit account.
Mr McNeill; Is Hongkong dollar margin account a transi
offer to terminate the Agreement are given in the Directors State-account?
Proposing the resolution, Mred on the 31st day of March
1954 and that Messra H. Kaduorie said;
John D. ordinary
& Son Limited, resolution, Humphreys which is the main subject oftecessors in business of the this ineeling, has been explain- sald John D. Humphreys & Son
Insy from
for the be compensated ed by a statement board, a printed copy of which office and other rights under the has been mailed to all share-sald agreement by the issuance fully to such company of 25.000 holders. Those present at the meeting
hove The Directors
stated paid shares each of a nominul shares were Mr W. A. Siewart, (Chair
high regard value of $10.00 which that they have a for the manner in which the hat rark for dividend on the Charieredan), the Hon. C. Blaker, MC, ED, Dr the Hon. 5. N. Chau,
General Managers have directed 1st day of January 1954 and two CHE, Mr II. Kadoorle. Rev Fr the Company's affairs in the past which shall in all other respects
Mr E. Tournier (Directors),
with the 'port passu and I am sure shareholders will rank J.Y.V. Hunt (representing
the
The already issued shares and upon concur with that opinion. Auditors).
Mr P. A. L. Vine Directors are also appreciative the basis that the successors In
Messrs (repitsenting
Deccons
of the spirit in which the business receive payment of the sollcltors), Mr
have
Dllowance General Managers
con- General Managers D. E. Clark, Major S. M. Churn, ducted negotiations with them for the period from 1st January 1 Mr O. P. Hechtel, Mr F. A. on the important matter
1954
to 31st March 1954 Ozorio and Mr G. M. Davreux submitted for your decision. a very favourable position
$1,250.00 per month but do not General with previous
The
of years. (Secretary).
pronts roceive yompared
Bystem
commission on The Chairman's Report He, Lorns on mortgage are reduced
Managership
by this during this sald period." adopted was brought to Buge Street, and to $130.000, the balance of pay-Statement of Accounts were Company many years ago had
་་་ This was seconded by Major there charged with stealing one
Minden adopted on the Chairman's pro- many sale of
advantages, but,
prin- S. M. Churn and app
Approved. and another of 4. properties having been settled. position. seconded Sum of 2s.
Major cipally, that the terms original- by
Having Stewart said: He pleaded guilly and admitted The provis on for Depreciation Churn,
ly agreed meant
adopted the ordinary resolution, economical of three and a period
Crown of
with it Mr Blaker.
management,
However. Mr Kadoorie, De
necessary to provide fur months he had probably taken Lenses of $500,000 and General Chau and Fr Tournier were re- passing of time and the
consequential amendment to the about £5
Reserve of $2,000,000 represents elected to the Board of Direc pansion of our business. this Articles of Association of the in satisfactory position.
form of management of Mr
becomes lors on the proposition
Company and I now formally the following as # and propose The most important factor in Hechtel, seconded by Mr Clark. increasingly expensive
resolution:"That the Mr Clark
the re-
decided special have your Directors proposed ur utfairs during the year vas
Articles of Association submitted of Messrs Peat
that
a stage we have reached the sale of Cornwall Lodge & appointment
to the Meeting and for the pur- Mitchell and Com- where the Company can be Grounds, Kowloon, and it will Marwick,
pose of identification subscribed and be noted from the Profit & Loss
efficiently, pany. as Auditors, and
managed was seconded by Major Churn, eventually much more economi- by the Chairman thereof be Account that the net profit on this transuction amounted
eally, by adopting new arrange-approved and adopted as the Articles of Association of the $574,270.
property This
Company in substitution for and y!«€£ An income of only $6.000
There is very little I can add to the exclusion of all existing a year and the proceeds from
to the explanations given in, the articles thereof." the safe can be used to very
This statement of the board, except
seconded by Mr remark that, perhaps to
al- D. E. Clark and approved. men better advantage. As The Company's
though savings in the first year Anances very consider-
will be small, substantial benefit have improved
Jew years,
will be derived by
by our Company: ably over the lust the time has arrived when con-
when we have implemented the polloy
of development nuw sideration can be given to the
13 contemplation; - this development of our May Road
6. Tine Signat and Programme
Mr Croucher said that he saw deve
articularly so if such deve
develop
Summary:
Lucky Accordingly, the Direc
0.03.
Dip-
the sites.
reason to dispose of by ment
Variaty Requests presented Is financed by new capitul.
General Managers who tors have approved the building
have 6.89. Weather large block of apartments
Iteport: I must also emphasise that the Marklierita (Studio);
Signal of a n
and served the company well in the ad- immediate on the site of the old Frision
most important
Kolay); World News (London 3166!
7.10. Nows Talk (London Relay) or vantage to be derived from the
that shareholders would be pay- Cottage, Muy Road, which has
termination of
General Special Announcements: 7.10, Orek. the war-damaged
of the Week -The
ting too high o price for running 745, Rugby Football. their own company. »47 condition for so long.
The bes
Managers Agreement is in being Rodle Orch
Colony relioved from the obligation of 1st Battalion Fiji Regt
by Commentary
Vernon Roberta this sort of thing had happened Friston Apartments
paying commission
on pronts from the Club Ground (Recorded;;
8, "Two Hearts in Three-Quarter chairman for figures on the pre- accruing from the sale of pro-
From the printed stalement perties which are standing in Time" An abridge Version of the sent francial stato of the com-
the Board, It will be noted that the current account, there are ob- Robert Bfolz Light Operetta, sung a fraction of their at our books
the pany, including
the part of the. value of General Managers offer to terminate ligations on Light Opera Com- by the Viennese
in conditional on current value.
Lile composer: B. the land pany cand, by
owned by the tram- their Agreement ways. Timo Signal Foa String Quartet
acceptance by Humphreys Estate 2 Bank, for example, to honour a Finsen Co. Ltd. of an offer that has cheque, which required imple (Blvdio); Arrigo Foa (int violin,
been made to them on the same mentation?--Yes, of course br. 8.M. Bard (2nd violin), Ely
Mr P. A. L. Vine, in ansWET
Atter due consideration. principle,
Hearing is continuing. rest assured that the Directors | Aives (viola), Fritz Lin (cello):
to the questions put by Mr Mesars John D. Humplireys & Bun matter 9.15. Robert Goldsand (Piano) plays have considered this
Chopin's Vartatlona on Mozart's La
Croucher, sold that the company Ltd. have decided to withdraw this from all aspects. Having done
barem La Mano, Op. 2: 9.30 had already sent a lettor to him condition.
I now formally prondse As on so, they are convinced that the Wednesday Theatre. Michael Hed advantages to be gained by the grave and the Stratford Memorial the previous week explaining an ordinary resolution:That the su
far Theatre Company in "RICHARD II"
ns possible what assets the thorteed capital of the Company be
The 29,090-ton Million Five ac-y
increased to One Company
William Shakespeare Adapted company had. "As for the
docked Thousand Dollars. 781- Hundred ceptance of the offer made by for Radio by Peter Walls from the
the price of land," said Mr Vino, "1100,000.00) bry
at after Blako Production
a three-month'a Creation by Anthony the General Managers.
70,000 now sheros cach ut $10.00." was almost impossible to give a
trip" to Australia and ́back, statement Quayle (Part 2) (BBCTS): Cast From the printed
This was seconded by Mr. D. King Richard the Second, Michael | true estimate,"
four during which
people died Mathers and approved, of the Board, It will be noted Red raver. John of Gaunt, Hugh
Mr Kadooric proposed he a second and, two disappeared. Whe
Three of that the General Managers Grinth Plenty Bolingbroke, Duke
The resolution was then put ordinary resolution: "That the "Andrewni ot Hereford, Harry
the dead were passengers, offer to terminate their Agree Thomas Mowbray, Duke of Norfolk, to the vote and carried, with Agreement dated the 10th day of
An inquiry, will be held on January, 1947, between the Com- ment la conditional on ac- William Foxline Thike of Burray; Mr Croucher abstaining.
into
the dis pany and Mowers John D. Hump board today ceptance by Fork Tramways Jack Gwillim
Green, Houkinut
of the BO A third resolution for the rays & Ban be terminaled on-Lie Ltd. of an offer that has been Americ
Michael Meacham Bushy, Richard
Henry
Hellicker, Meier John D, Humphrey & Son mate, be compensated for loss of ofßeg when the ship was near. mado to them on the same Wordsworths Baros, Peter Jackson amendment to the articles of 1 day of March 1964 and thai porance principle. After due considera- the Duke of York, Michael Gwynni, association of the company, was
and other rightla under; the'," said
on her homeward. ilon,
Mesars. John D. Hume The Cusen, Heather stannard: The carried unanimously.
ward Journey Sinn Kart of Northumberland. Alexandar
Addrming “ the moeling, Mr Agreement by the untrance to such phreys de Bon Ltd. have decided AURO Philip Morant: Kadoorie kald:.
each of a nominal value of $10.00 Willoughby, Mjeline) Bates; With: to withdraw this condition.
The purpose of this meeting I Ciceri. Itonald 1.40
Hines and I now formally" propose' Di
been explained by a Statement from upon payment of $45,009,00. to the Geofrey Baykon; 10,45,
The Board, printed copy of which Company which shares shall tank was Mrs Ann Withers, 47, an ordinary resolution? That the
for dividend on the set day of April Australian who dump pener hew best Boné to all shareholders. Agreement dated the 22nd day prox.) One Night Stand: 10.39. Repori),1,. Ziman Bignal.
The Directors have the hitherto 1964 and which hall in all other while the ship was neỀ MÀN of December 1919 between the Radio News Reel (Recordes Indon
respacia rank, "pari penu" with the bourns on the outward Josirnay, gard for the manner "In which the Relay 11.10, Goodnigh30-Mundo Company and Messrs John D4 God, lave. The queen: 11.30 Closs our aliates in the past, kine eficjent
Derry): Managers : have conducted | already, temved-shares.
This was seconded by Mr. W. She was presumpa dend Humphreyn de Bon be terminate | Down.mch
Enquiry China kiáll speci
"You've made it very difeult
you anyone to give chance," Sir Laurence said.
for
YOU ARE LUCKY
a
remained in
a
wit
new
com-
even a few years ago, there'd Prime 33 flats of varying sizes accessible by car. have been
thoughts and will be Iwo no
have gone to Pians have already been sub- about it, you'd
mitted to Government and work prison. However....
wfil be
commenced as soon as approval is given. This scheme will be financed partly by our
guld resources and parily
promised facilities
by Benkers, It ma
may be of interest what he had stolen, at the rate to you to know that most of the flats have already been
Chicfimodations of their staffs.
HE
E put Terence on probution, ordering that when he had
a new job, he was to pay back
of £i a week.
bby
our
a talk with the proba booked by arms for the accont oniect," said the
Have a ticn Magistrate. "You can think yourself extremely lucky."
UNFAIR STANDARD During 1933 there
was
and
the
re-
The latest
times of posting shown below are those for un registered correspondence posted at 0.1.0. Hongkong. The latest posting time elsewhere, which, in general, are earlier than the 0.1.0. times can be ascertained by enquiry at the local offer.
The latest posting times for registered articles are generally one hour earlier than the timen chown below. Particulars regard. ing pareol mafla can be asceriain- ed by enquiry at any post emer.
WEDNESDAY, MARCH 10 Fly Air
Japan, p.m. Formann, 0 p.m. Thalland, Malaya, Indonesia, Aurs tralia, New Zealand, 8 p.m.
By Burface Philippines, a p.m.
Thalland, p.in. Macao, p.m.
THURSDAY, MARCII LI Dy Air
India, Ceylon, 9 a.m. Terence clearly did. He nodded published the very able
Thailand, Burma. Pakistan, “Middle great violence, comprehensive report his head with
of the East, Africa, Great Britain & Europe, then hurried out of the court, on
Commllicc appointed to examine 10a.m. the probation officer's heels, as
Japan, Noon. Tenants Or- Landlord. & a man might try to catch up dinance.
Formosa, 1 p.m. The
increases with a friend long-sought and de
Philippines. Quam, Hawall USA. commended by this Committee & Canada. 1 p.m. new found.
by half after the&Canade. 6, p. were
Formos. Okawa, Japan, USA reduced
of the Bill In second Council, all outery of
Philippines, N. Boynes, 'sp.m.
By Burface. China, People's Republic, 8.30 am, Macao, 957. Indonesia, 10 am,'
* *
What's Har Line?' Solution
HOSIERY MENDER
London Erørene Sérpick.
protest
by tito Public in the local press. It la important that you should know that the
Printed and published by WILLIAM ÁLICK GRINHAM for and on behalf of South China Morning Post Limited at 1-3 Wyndham Street, City of Victoris, in the Colony of Hongkong.
Indo-Chine, Neon. Japan, 2 bm.
Koem, 5 p.m.
Maleys, Capion, India. Aden, Mid dle Kim, Great Britain de Burope,
p.m.
Stécko, C.p.in,
7
WARRANT ACCEPTANCE Shareholders may
warrant
the
Radio Hongkong
H.K.T.
Tune
The
Danish
V
Duke
no
ment.
that
Mr Ubaghs: It is a tranolt Apart from the financial side of
account. the proposal, however, there is an- other strong reason why Your Is that because you have re- Directors recommend
โปร by the Com- corded opportunity be taken pany to pain its independence. constitution of has given us entire
“Whilst --Kha management
the
satisfaction in the past, our Agres-
certain transactions pending implementation, is that
past. He said he also considered ment with them is of such a nature Sumentation of some ob-
Mr Croucher then asked the
on the part at the that their obligations, as well as
Bank?-On, the part of the their rights, could be assigned to
as tho others without Shareliolders or their customer or the Bank elected Board being consulted. It fi
caso may be. obviously of paramount importance
Either one
or the other?_ that such a situation be avoideci
or both. shut the full control by the Board Yes, be established.
In cases of a H.K. dollar
of
"JINX TRIP": "ENDS
London, Mar, 10.
Hner Orion At Tilbury... yesterday
company of 4,500 fully paid aliares fortnight again.
"of the "Tramway, myslem | #toker and adopted.
The
other
Adzin.
.