1
CHINA MAIL
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ADDITIONAL INSERTIONS
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THE CHINA MAIL, FRIDAY, MAY 81; 1957.
INDO-CHINA STEAM CO SIDE GLANCES REPORTS A GOOD YEAR
The Indo-China Steam Navigation Company Ltd which held its annual general meeting in the Board Roomm vì jardins, Matheson and Co Ltd this morning reported a successful year because of higher fröight levels, a bőtter movement of cargo and mörä tonnage in service.
The meeting approvell a total dividend of 22% per cent on the de- førred urdinary shares which is a 50 per cent increase on last year's 15 per ceht.
The statement of the Chair- hates vary in celation with thé, àt HK$22,000,00 (21,380). This map. Mr H, D. M. Burton, chartering market in this Area cómphres with their present which was circulated to share and these have becri maintained | panual too of HK$18,000.00 Holders reads, "On the bocasion at à milsfactory level.
which had rèinalaba unchanged af our last Annual Generál "Our ectivity of many years' | før the past ten years, Meeting I was pleased to inform standing in the Bay of Bengal "While the Company has got off
was fully main- you that the year 1058 had Japan trade
to a good start in the year 1057; started well and indicated that taled within the scope of the I must sound a note of warning the barometer appeared to be Conference and there a satisfae that world freight levels Hive set 'Fair. This, I am glad to tory and steady movement of recently declined."
Tho directorn gay, proved to be the case and cargo in both directions. How-
report and as will be seen from the Ac-over I regret to have to report statement of accounts for the cousta the Company had a
a progressivo slowing down in year ended December 31, 1950 Luccesful year. The improve-round-voyage times mainly duo together with the directors re-
to a [ment, compared with our opera-
deterioration in Labour commendations cambodied Births, Deaths, Marriages,ibuted to any particular factor an
Hons 1855, cannot be al-output, delays awaliing berths, them as well as the dividends general congestion at and bonus recommended by the
Hongkong and did our Tramping are
Japan adopted on the proposal of the operationa In the latter case where the turi-round remains Chairman seconded by Mr M, we were able to take advantage
H. Lo.
The meeting of the high rates which pre-
also confirmed valled in the World Charter
tho appointment as directors satisfactory start was made dus the limits im-
of Mr B. T. Flanagan and Mr to the unfortunate and pro-J. R. Multion, on the posed by our Liner Trade con-
proposal mitments.
longed strike e the Australiah of Mr G. L. Marshall seconded waterfront and later by striker in the wool stores. Once these by Mr A. Montgomery.
the service was Hon. Sir Man-kam Lo was re- were settled
north- well supported on the
elected on the proposal of Mr bound voyages but the trade is
D. Hung seconded by Mr W. virtually a one-way traffic duc
O'Byrne. partly to Import restrictions in Australia. Conference were increased in November, but the full benefit of this and other freight adjustments has been partly effect by the recent considerable cost of fuel
Personal $5.00 per insertion as all our Liner services con- wharves, Notable exceptionsdirectors word unanimously
not exceeding 25 words, 25tributed as cents each additional word, ALTERNATE INSERTIONS 10% EXTRA
if not prepaid a booking ree Markets within of 50 cents is chargod.
MUSICAL
If you are thinking at tegns of hi-Adelity, wa aug gast Stainer' "Cruation", Deby's" "Preludos" (Novaes),
"'itequem". "Mozart's Madas Battery (with Lo
Angsies) etc. for the most compre
hensive collection of Classical & Hopular recurds call at Execs de Co., 750. Alexandra House, Telephone 30:00, 30061.
TUITION GIVEN
MODERN BALLROOM DANCING; Private Juoza. all ladost dances. Momire and enjoy social, sucORER, Gain confidence: Tony Wong, Wangbichong Boad.
WANTED KNOWN
"MARTINI MIXERS, PITCHERS, LOwne buckets, Table Olamware, etc, again available at Duvai Lid.j bome ac- Deary shop, Garden Hoad. Teis- pine 3600€,
STAMPS
STAMP ALBUME - "Collection stock now Builder" series. Now available. $3. From South Cakra a Morning Post Lid... Wyndliam Street and Gallabury Road, Kowloon,
BOMETHING EXCLUSIVE, Collee- tom packets, of assorbed BLANDA From 20 cents per packet upward, An antitely new ties. South China Morning Post Lid, Wyndham Street, itongkong and Salisbury Road, Kowloon.
NOTICE
CHANGE OF TELEPHONE NUMBER
Please note that as from 1st June 1057 our new telephone number is
27 7.0 8 The original telephone
numbora 20228 and 21030 are discontinued.
UNITED PRESS
ASSOCIATIONS Hong Kong Bureau 1-3 Wyndham Street
NOTICE
sailafactory.
"In our Australian and New Zealand Service a most Lin-
SHARP RISE In our Established Trades it will be appreciated that Con- ference
and our Agreements contractual responsibility to Shippers precludes immediate advantage being taken of B sharp rise in the Charter Market.
Conferences These
Indeed have a steadying effect but rates must be realistic to the boneft of all parteis and I am glad say that a number of moderate increases have been
review,
the
move-
того
raies
increase in the
REQUISITIONED
M
By Galbraith HK'S NEW DIRECTOR OF
© 1912 by NEA Barrios, imo.
"I'm sorry, Mother, but they don't go för quiét gambk that children play—my friends drë adults how like you and Dad!"
The retiring Director, the SURVIVORS OF HELL
CAMP' MEET
One of
WORKS APPOINTED
The appointment of Me Allan Inglis as Director of Public Works was officially announced in the Government Gazette this möriting. Mr figils, formerly state engineer of Malaya, nrrived here yesterday.
Other appointancurls, dramafcuts promotions and postlikes gitzótbed
Wierer
Mr J. Forbes, Deputy Director
be Senior Cilte 1.
Excentive Officer,
Penker,
Mr Arthur Jainco Buperintendent óf.. Hurritutu and Equipment, to be Assistant
of Public World, ceased to act Controller of Stores
na Diretor of Public Warios ou' Mr Milk Bik-lubny Super- esaumption of duly by Mr Inglia;intchdent of Malid to be Acting Mr IL W. Forsyth, Assistant | Assistant Controller of Posts; Director of Public Works, Mr Harique Comello Concep octect to act to Deputy Director on, Pustal Accountant, of Public Works and näsikmed | Acting Senior Posial duty as supernumerary and tem- | tant, pority Deputy
Director
to.be
Accoun
Milky Idá #zékély to be De- Public Works; Mr A. A. Whit- - pulý Matron (Metiiäi Hospital); nay, Semor Executive Officer, | Mith MarjBio Jean Roberts, tā Class II, to be Acting Chief Ac- | bé nutxinig sister., countant, PWD,
Mr K. W. Forer, Senior Executive Officer, Clans 11, to bo Benbr Executive Officer, Class 1; Mr A.K. Sufflad, Senior Executive Officer, Clip II, to
Hélicopter Flypast In Paris
Mr Yuen Chili-pak to be a melnber of the Marketing Advisory Board, vice Mr Chan šli.
Miss Vera DA. Súcock, to be member of the Appeals Board of the Education Department.
FREIGHTER FATE IN BALANCE
artive
drawn bom Auschwitz in World were applauded by a crowd morning. Meanwhile,
ofciki), joined
RESIGNATIONS
Gazette and
1|
carly' tombri Batan" to
salvage the 35 new estimated at more than 100,000 at the airfield, where the Frenchmentbers who temanca Board
the ship. air show is underway,
The salvage experts walą, that The flypast was all the more the weather became worse remarkable because the whirly birds varied radically, in design the stap would be "pounded to and performance and most of pieces Several vessels wors the pilots did not know each standing by to take of the brew other personally.
I necessary. The ship, owried. They nonetheless stagad the by Fratelll-Grimaldi Láncs ot dypast in very close formation Italy, rón aground on Tuesday at about 1,000 feet, to the delight night in the fog while travelling or the spectators, France from Trinidad to Montreal Presse.
United PreSI.
Loulsbourg, Nova Scotia,
May 30, Waves pounded at the Italian Mr A. D. Angus proposed
Frankfurt, May 30. Tiky represent organisationa
Parks, May 30,
freighter Fides, grounded on the that the renumieraden of the
Eighty helicopters from several rocks 300 yards off Scatar! Survivors of the Ausch-of concentration comp victims in
France, Poland, Belgium, Hol-] nations staged auditors, Messrs Lowe, Bingham
a remarkable Island. at the Eastern tip of Camp tanit, Czechoslovakia, fixed at witz Concentration
Austria, lypast in tight formation at Le Nova Scotia today, and salvago and the Nazi Alave labour Hungary, Italy, Switzerland and Bourget airfield today to com- officials said the and Matthews, be
Late at the $22,500 for the ensuing year.
mimorto the 80th anniversary 7,000-ton ship depended on the The motion seconded by Mr system meet here tomorrow Germany itself. G. Puncheon, wan churled
the main points on of, the first verticle flight by weather. The following were present at to seek redress and retribu- their agenda to continuation of French air ploneer, Louis Bre
compensation gutt, the meeting: four directors-Mrtion for their wartime ex-efforts wh
from the liquidators of the huge The helicopters, ranging in was speeding to the scene from The Foundation, fug Josephine made. To sum up out own "The Eastern Glory through H. D. M. Barton Chaltma), periences. position, I attribute
1.G, Farben Chemical Trust design from the French, gas le out the year was employed in [the
Нод.
Sir Man-kam Lo, Mr proved Burnings to lugher the charter market and was H. R. M. Cleland and Mr B. T. Twelve year ago, almost to which, on Hill's order used turbine driven "Djinn" to the Quebec City and was expected
of slave, Labouret American day,
Armies thousanda
"Flying freight levels, a better
liberating Tod the for Joined
period by the Flangan; and Mr H. H. ment
of cargo, and
Fastern Sagu". I am glad to (Manager), and. Mr H. Sidbury broke into the Natl concentra. lonnaga in service.
say that these charter operations
the tion campy and lifted the vell War 11-United Pres. Caino
representing "During the first half of the made a substantial contribution Secretaries, Jardine, Matheson from scenes of sickening horror year under
disturbed to the Company's earnings. For and Co. Ltd.), Mr M. H. Lo which shocked the world labour
The troops, found was chame and strikes two limited periods, one in Sep (representing Mira E. Lo), M condition
of the tember and again in November, G were not at a mumber
Bers, Incinerators, bodies stack- Miller Punchicon, Mr K, A. poris which we serve with the the Eastern Glory' WAR TO
(representing the odhorse cordwood, and living
The Government skeletons to feeble they could inevitable delays and congestion | quisitioned in the United King-
McSSYS Lovve Bingham and
| notifica this morning. that which follows in the wake. dom by Her Majesty's Cover Matthews), Mr J. A. Vaughan of the survivor, There was, however, an im- ment due to the Suez situation.
Russell (representing Jardine, countries on both sides
Many of these survivors, trom Leutenant P.D, Hawker
of the Lieutenant 5. L McCall- provement in the second half of | On each occasion, the vessel was
Mathieson and Co. Ltd); Mr D. the rear and I can state that de-requisitioned before ninking
Iron Curtain, are on their way McCowan, of Force Headquar our records for the year show a voyage and we were forlangte Hung Mr G. L. Marshall, Mr here to take part in the three-tera, Reyal Hongkong Defence a reduction in port time but in securing prompt fixtures.
A. Montgomery, Mr A. D. day conference of the Interna- Force, have been permitted to
resign their commissions, unfortunately there aro
"The "West Indian" continues Anga and Mr W. M. O'Byme, I tional Auschwitz Committee, still black spota. At a number of to operate under tire charter to ports within our sphere of opera-| the "West Indies Navigation Co., tions the available pört `facili- | Ltd., in which company we have ties are heavily overlaxed and, a shareholding. The vessel con while I believe these problems į times to provide a regular ser- under consideration, novice linking the various islands, improvement is ret evident. and thereby making a useful "As reported last year the contribution to the economy of "Chunsang" and "Wosang”, were the area. Discussions are now in sold for forwärd delivery and progress with the British those two unite
delivered Indian Governments regarding to their new owners in February the future of this Service fol- and May respectively. The new lowing the termination of the ship "Eastern Argosy" Goally pilot scheme at the end of 1957. Joined the fleet In April. A de "There are Ը OT
two cision was reached during the changes of a minor nature in sub- year to take both the "Talesang" the form of the accounts and "Lokmang" out of passenger mitted to you which are de- class and by stiffening them to signed to bring them into Une Lloyd's requirements, their free- | with current practice. The board has now been adjusted to balance of the ship's working permit an additional lifting of account amounted to £777,490, 700 tons deadweight for each after charging staff pensions ship.
and contributions to provident "This work was dot of a major fund £30,305 and the transfer naturo and I am pleased to to underwriting reserve £20,000, report that this decision bas as compared with £479,101 been fully justified by results. 1955.
are
West
la
The fleet is in excellent con- "On the expenditure side in- dition and the total deadweight lexest on bank loan £20,078 re- 4t the end of 1950 was 85,091 Dects our borrowing for the with 82,104 tons purchase of the "Eastern Muso"
tansing period in late 1955.
at the
THE HONGKONG ROPE MANUFACTURING
Depreciation on CO., LTD.
and equipment of the feet, properties, 1058. The average age
shows a consider- NOTICE is hereby given floc. of 13 ships is just
over at £227,455
able increase over the figure for nino
ine years. that the Sixty-Eighth Ordin-
1955 due to the delivery of new "In my Statement 2ast year 1 LOKME. ary Yearly Meeting of Share- advised that we had an option bas necessitated our making a Our increased profit holders will be held at the until the end of the year to substantial provision for taxation office of Wheelock Marden & purchase the m.v, "West Breeze", in relation to the figure for the Co., Ltd. 701 Edinburgh a glater ship of -Qur m.v. previous year.
"Eastern Muse." House, Hongkong, on Friday, exercised this option and expect We have 7th June, 1957, at 11.80 a.m.
to take delivery of her about the for the purpose of receiving middle of this year. the Statement of Accounts and the Report of the Direc- tors for the year ended 81st Docomber, 1056, and
RİSE IN COSTS "The net profit for the year £459,519 which after adding the sum of £09,026 brought ORDER FOR SHIP forward from the previous year "The problem of obtaining gives a total of £528,545 avail-
has building, berthe
become able for appropriatlon, more and more acute with de- "I would refer to my remarks liveries five to six years hence. last year on the necessity for transact the ordinary bust-Forward planning is therefore building up our ships replace- noss of the Company.
to
to
more estential than ever and ment reserve, The continued with new tonnage costing over riso in building coute and the The Transfer Books of the
five times the pre-war figure, longer delivery dates make it Company will be closed from bold decisions are necessary if extollal for your Company Friday, 24th May, 1957 until we are to maintain our position set halde, adequate reserves to- wards the opet of all new ton- Friday, 7th June, 1967 both in the Industry. days inclusive,
By Order of the
Board of Direétors. SHEWAN TOMES & CO., LTD.
E. G. SMITH-WRIGHT Director
General Manugore Hongkong, 21st May, 1957,
TO ADVERTISERS
BUNDAY POST-HERALD Орлов for dommercial advertising shasid De booked not, tetor thán Boon on Wednesdays.
"Towards the end of last year naga on order. Your Directors we were able to obtain a limited therefore recordenend a transfer option on a building berth with to ships replacement réserve of MESSIG Swan, Hunter and 300,000. Wightm Richardson, Lilied, "Having provided for the re- quired 0 percent dividend on cumulativo preferred
or
Newcastle-Upon-Tyne, for general purpose motor
cargo the vessel of approximately 10,000 dinary shares, your Directors: tons deadweight for delivery recommend, the payment of a mid-1959. 1 am now able to Inform you that the order has Dividend of 10 percent plus a banus of 12 percent on the deferred ordinary shares
been placed
compared with last year's bonus
"In May the "Hangsang" struck a reef on the Borico coast but was refloated without & percent. They also recom
the
mend a grant to the floating Gesistance the following day, Subsequent drydocking revealed staff provident funt of £20,000, very minor damage and the The balance, to be carried for
ward to 1957 sumounts to vessel was able to continue din-
£07,092. ployment. Apart from this
"You will note from stranding, I am pleased to report Balance Sheet that the value of that tho fleet: was not involved in muy serious geldent.
the Fiat is £2,818,042 which Throughout 1936 our Beatido now includes the cost of the Investments For the BOUTH CHINA | line was fully occupied and with
total
On the liabilit MORNING POBT and then Increase In rates, dod larger
of south-bound ties side of
of the balance sheet CHINA MAIL, 48 hours shipments before date of pubilation. Cangas, the results are gratify the bank low afbitis at £100,000
ing particularly in the basic as against 2740,000 last year), Spolet Announcements cargoes timber, - cement, "and "It will be 'nöted from the "and" Classified. Advertise | building materials are all low- Director Hoport that it la pro-
mande na uBER 1,
rated. An ir,culatómat, in this posed to, are the Auditor r6- ibdcizlikda timber Under the - mimaration for the ensuing year
MANDRAKE THE MAGICIAN
--FIRST YOU GENT
US BACK TO THE
RINOSAURS-THEN
TO AN INDIAN WART WE WANT 19561
WAS ONLY TEADING, GOODBYE
FERDINAND
NANCY
10-19
JOHNNY HAZARD
WHAT YOU DON'T KNOW BONGANE TECHEVANIN, IS THUS WITH QE BAE di A SWITCH I CAN CONVIERT THE ATONIG
· FEWER-
ONCE MORE INTO THE LITTLE
TIME FOS--9OODBYE TO 82, 10DAFİ
YERE BACK IN OUR TIME-- LISTEN-THE CAR RADIO-
„AND WIPH THIS BASE AND ALL FROM THÁI - PACE OF THE BARTHE, AND BELIEVE İNG; ŽJA PREPARE?, TO PO THB ÎÈ YOU DO NOT
KELEMER, ELLEN ALLENÉ
ITH TWO PAYS BEFORE JULY 40-BB
CAREFUL-Y
By Léo Fálk and Phil Davis,
HE GOT US BACK EARLY ONE DAY BEFORE THIG ALL STARTED?
HMM-THEN IT REALLY DIDNIT HAPPEN--OR
·WON'T HAPPEN KOR-DIDITE,
By MIL
There's More than Marait
abour CADBURY'S...
HỒNG KONOS Favourite Chocolates
CUTEX
LIPSTICK
AND
NAIL POLISH
They always
harmonise
Ernie Bushmiller
DAIRY BOY
THIS IS THE BIGGEST";
BLUFF I'VE EVER SAY IN ON, JOHNNYI, BUT
By
Bobbl
I'M COUNTING ON A
LAVMANS AWS OF THE UNKNOWN IN BEIINCHI
BRO-THÉR, AM I ROOTÉIS | I JUST HOPE ZA RIGHTI
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with the wondeltal
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calla for
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