DRYSDALE & CO., LTD,
CENTRIFUGAL PUMPS.
ENGINEERING EQUIPMENT CO., LTD, H.K. & Shanghai Bank Bldg. Tel. 37789
CHINA MAIL
18:45
TUESDAY, OCTOBER 22, 1957.
SHEAFFER'S
ES
ADMIRAL SNORKEL PEN
DISASTROUS CHAIN REACTION DISTRICT COURT
GOVERNOR INSPECTS GUARD
OF HONOUR AT GH-
RULING REVERSE
Effects Of Suez
Suez Opening Chinese Newspaper Article
Revealed By Mr J. Marden
Mr John Mardon told the annual meeting of Wheelock Mardon & Co Ltd today that shipowners generally were in a strong enough position financially to weather the present storm unless it lasted longer than similar disturbancos had lasted in the past.
company
Mr Marden, deputising for My it is intended to reorganise our partly to the holding at our G. E. Marden, who is away from interests in Singapore with a years and of a large block of the Colony, said the restoration | view to reducing the cost of London shares This latter nt equilibrium to sen trading treding there.
holding formed part of a sub- roules and practices effected by We have recently acquired an stantial operation which has the reopening of the Suez Canal Important interest in a London, since been liquidated with yo earlier this year set off what merchanting
having satisfactory results to ourselves. "can only be described as n dia- | world-wide interests, namely The market value of quoted in astrous chain reaction in freights Messrs Hecht, Levis & Kahn vestments continues to stand in and tonnage values."
Lid, and I have been Invited to excess of book value. a seat on the Board.
Under Current Assets, the figure for Advances against Ships includes this year the Item shown separately last year as Shipping Loans (Japan). Thes? Jaung lúans were reduced by ten million dollars at the end of the year and since then liave been riduced by nearly million dollars.
Wheelock's profit for the year www disclosed of $6,020,578 against $7.809,481 lust your.
So Low
"There are now at levels ro
Difficulties
We have formed an associa tion with Austrine interests, under the management of Mr Dow that no onc would haved H. Luzzatto, who are seeking forecast them six to establish trading convictions
dared months ago. Even the really modern and efficient tramp vessel can carn barely enough. to cover depreciation at these levels and their continuance would undoubtedly force - many operatora Iny up their ships,
This state of affairs would | present a hopeless pleture but for the fact that
both here and in South Korea as well as on the European continent.
For East Flying Training School are having dimeuilles over terms for land on the new Airport and it may be that I the negolations with Government owners
are
the
Adopted
two
Subject Of Appeal Case
The Full Court this morning reversed a District Judge's ruling, that an article in the news- paper Wah Kiu Man Po was incapable of defamatory meaning, and remitted the case back to the Victoria District Court for determining other issues.
Convenient
The appellant was Chengclable to make the words capable Wal-sum, no actor. The respon- of being defamatory, dents were the Overseas The Chief Justice caid the Chinese Dally News Ltd, pro-Court thought that the border prietors and printers of the line had been crossed, and that Wah Klu Man Pe; Shum Wai-[the Injury 10 him was not you, publishers; and Au Young necessary so negligible as to Pak-chuen, editor.
Justify the dismissal of the case, The Chief Justice, Mr Justice M. J. Hagan, and the Senior
More Puise Judge, Mr Justice T. J. Gould, comprised
1 would appear, His Lord- the Full ship continued, that the more Court.
convenient course, as a rule, Mr Oswold Cheung repre- would be not to take a decision sented the actor, instructed by on ruch an issue until, at any F. Zimmern ord Co The rate, the plaintiff's respondents were represented been completed. by Mr.D. A. L. Wright, in- structed by Lo and Lo.
Admitted
The plaintiff had claimed damages in the sum of $5,000 in respect of a news item The report and accounts were published on November 27, adopted, the dividend declared,inst year. The defendants had auditors appointed and directors admitted the publication, but
included re-elected.
in their defence a Earller at the meeting of the dental that the words were East Asie Navigation Co Ltd capable of bearing any meaning the actor, and the net profit for the year was defamatory to
against this
was tried as a preliminary stated to be $307,123 $420,044 last year.
issue by District Judge James Wicks.
unsuccessful, this firm will no longer all the position it has always occupied, The Realty group gave a most report to their
A 10-cent dividend Was shareholders last month, whilst our Texflia associates also con- declared, auditors were reap-
The item purported to tell of pointed and directors elected, inue to expand and prosper.
street incident in Morao The substantiat Increase In Below are a
Boricy of ques-involving the actor,
His Excellency the Governor, Sir Alexander Grantham, inspects the Naval Guard which was mounted at Government House this morning' in honour of Trafalgar Day (yesterday). The Guard was
satlefactory chosen from Naval and (Staff Photographer).
H.K.R.N.V.R. personnel.
BAR
Punched Man Seven Get Man Found
Who
Refused Loan
horm.
The defendant, Wan Kau ad- 5, he mited that on October approached a man in Gloucester Reed and asked him for a loan of fly conts. The man, Pang Kam-chuen, refused to give him the money and told him to go
away,
Service Medals
Colonel E. HI. Steele- Baune, Colonel in charge of
The Colonel together with Major W.B.O. Gluson REME, workshop manager, later in spected the Command Workc- shops.
After the general salute and inspection of the parade Colonel Long Stecle-Baume presented Service and Good Condici Medals to four Senior Ranks of three others and lo
nitached from
In Church,
Gaoled
generally will have profited from their operations over the last two years and-again generally speaking-are in strong enough a position financially to weather the storm unless indeed it lasts longer than such disturbances have lasted in the past.
"We who have much to do with ships and shipping are uc customed to these violent ups and downs of supply and de- which I referred last year and Croucher. mand, and whilst we may no! view them with equanimity we are not surprised by them, and their possible effects were never excluded from sur calculations.
д
enso
hal
In remitting the case back 10.. The District Court, the Full" Court ordered that the costs of the appent, and of this issue in the lower Court, be paid by tho respondents.
LETTERS TO THE
EDITOR
quoted investiments is partly intlons put to Mr Morden by a Giving judgment, the Chief Sir-Moy I please, correct respect of the additional holding shareholder of Wheelock Mar- Justice said
Mr Noel of Textile Corporation shares, to den and Co 1,18,
QUESTIONS ASKED
of
the
QUESTION: WIll you give me, tonnage was at its highest anded us defamatory by a Jury or Serv
Survey,
a Judge of fact, and that the this The interviewing
Counsel for the plaintiff had stressed that the your remarks in yesterday's point for decision on this parll-comment of the day. The survey
to I spoke cular issue was not whether, in on which
Society Economic the circumstances of the case, Univeralty Inst Friday was The the words were in fact defamatory, but whether they Rangitong Council
Hongkong University and the of Social were capable of being regard-
Service Resettlement Estates for undertaken by survey was Case-workers
of the
સ
Socit been Welfare Offee and not, as you
hnd
"At the same time we must anticipate both a falling off in the particulars of the ships' | since that date, of course, there new business and the servicing name, age, ross And dend- has been the fall in values to proper teal to be applied was this of some of our present clients welsht tonnage? for longer periods as a result of
which the Chairman's Statement whother, I they In whose name are the ships refers, no useful purpose can found defamatory, that decision say, by undergraduates of the prevailing conditions.
registered and under what flag now be served in computing would be set alsde as unreason-
University. They interviewed affecting the industry generally!
"A factor in the situation do they sail?
that percentage.
for the Housing Survey which is the remunerative employ
is still in progrées, mont
profess to see hopeful signs.
ANSWER: In the opinion of
tonis
able.
DS
The interviewers for the Re- settlement Estales Survey met
26-year-old roof-top Administration at Head- dweller was this morning quarters Land Forces, took Pleading guilty to being sent to prison for one the salute and inspected found in Rosary Church, month by Miss B. Kofficers and men of the
Chatham Road, with in Searle at Central Court
Command Workshops
tant to steal, Wong Sum when he pleaded guilty to REME unit at Shemshuipo
As at today the amount out. No Innuendo choi, 22, unemployed, which a large number the Board, it not in the standing in respect of advances inflicting grievous bodily this morning
was sontenced to three of vessels has orranged forbers interests either of the Com- | against ships is considerably Mr Justice Hogan said De-with no difficulties, so far as I years and six months by varying periods ahead, and it is pany or of our clients to dia- tess than the current market|tence Counsel,
mich detailed informa value of the vessels concerned band, argued that,
on the other know, regarding the divulgence Mr Justice A. D. Scholes largely the prospect that con- close
ng of their Incomes (this again was depressed tion. However, the following and in answer to your $64,000,- | Innuendo had been pleaded, no in
ditions may remain the Criminal Sessions
problem of the Housing which causes disquiet, There peneral information may be of 000 question the advances are extended meaning could this morning.
be Survey), nor With regard to given in the words actually mention of "possible repugnance
was there would stem to be litle soften- Interest to ahareholders:
опу fully covered. It was stated that Wong was
There are six versels under the year end position, it is clear published, which must be con- to accepting charity." ing of liner freights and some experienced tramp operators Japanese flag with a total dead that the Auditors would not strued in their ordinary mean- tempting to break open the was inter- poor box when he
weight of 53,000
I should be grateful if space andolve their unqualified report |ing, and maintained that, so rupted.
Credit Squeeze
33,000 tons gross,
construet, the words did not pass would be spated in your news- without being satisfied that Twenty-five Wong who admitted previous
vessels
under the shareholders' funds were the hallowed test of what was paper for these corrections. Later the defendant approach-the und
deling from 1051.
Panamanian flag with convictions
defamatory, because they did not a total adequately covered.
Yours sincerely, et Pang outside 53 Gloucester who have been
was ordered to be placed under
"Whilst the credit restrictions deadweight of 140,000 tons and
hold plaintiff up to "odlum,
L. C. David (Mrs.) Kood and punched him between District Workshop REME on police supervision for two years.
enforced in the United Kingdom 03,000 tons grosz,
QUESTION: I notice $10,000,- | contempt or ridicule" or dis- [According to the text of the the eyes. As Pang was struggling the Island.
Accused pleaded not guilty to might have been expected to Sir vessels under British Rap 000 of the outstanding Japanese parage him in the eyes of upcech as published, the survey
substantive to rise from the ground the de-
charge
limit what we are perhops la- with total deadweight of Loan were repaid during the ordinary Individuals.
was undertaken "during the of the recipients the The names fendant kicked him and punch-
breaking into the church with clined to consider our legitimate 36,000 tons and 23,000 tons year, were these Funda" rein- After reterring to other argu- SUMMET vacation by the De
minimum requirements, we who gross. The plea was
vested, if so, in what manner? ments by Counsel and to thepartments of Economics and WOI A. Blower (REME), intent to steal,
All Crown Counsel enjoy so many of the benefits of
the Panamanian and
article itself, Mr Justice Hogan Political Science of the Univer- WON F. Keddie (BEME); Seglecopted by
membership of the sterling ares British vessels except one are
ANSWER: The Board always said that although, In all thesity and the Hongkong Council W. P. Coster (REME), Sagt R. G. R. Sneath.
must expect to shoulder some of registered in companies under seeks to utilise the funds of the circunstances, the amount of of Social Services with assist- Wilden (REME), WOII F. M.!
the responsibilities.
our control.
company to the best possible goodwill which the plaintiff may once from the Social Welfare "We are thankful that local As far as the ages are con-advantage and the position forfeit or the extent to which | Offlec", References to possible circumstances have enabled our cerned the oldest is a British | must of course he regarded as he is lowered in the estimation "reluctance to disclose financial Mr Sneath told the Court that bankers to diminish the full flag vessel bulit in 1914 and the a whole. There have been no of others may not be great, resources" and "possible. - on the evening of July 15 lest, a effect of the new measures and newest #s
new building further advances on Japanes nevertheless, The Full Court pugnance to accepting charlly" watchman employed by the it is to be hoped that the Colony of 12,500 tons.
flag vessels for some years. thought it was sufficiently appre- were our own.-Ed.] church was making his rounds will be able to adjust itself to when he saw the figure of a man these changes with the resilience QUESTION: What percentage QUESTION: Is a fact that inside the church which had that has been displayed in the of the market value of these some of our Directors are share-
SIDE GLANCES been locked up for the night. past.
ships does The advance of holders of Milyachi Co. of Japan
to whom
Wheelock
ed him again,
Pang was taken to the Queen Mary Hospital, where he re- covered nearly 14 hours later.
ore!
He was discharged fram Hospl- i Arklle (RAOC), WOH A, E. G. lal on October 15, ten days after Champion (REME), Sagi A. B. the incident.
McTavish (REME),
GYSLING
BWISS-MADE ELECTRIC OZONE PRODUCER and AIR PURIFIER makes your haunt and office more healthy and comfortable! germs and bacteria,
Destroys
On Sole at: Selenilo Service Co. Alexandra House, Phone 27420. The Wing On Co., Lid.
213, Des Voeux Rd. Phone 26871.
Yeung Kwong Radio Co. 182, Nathan Rd, Phone 03046.
Sole Agents: K. CAUDRON & CO.
Held By Priests
of
The watchman shone bls' torch "Those of us who have memo- $82,000,000 represent on the intruder who was working rics long tough to recall the shareholders' funds fully secured advances, the amount of which A present rates, aro the Marden & Co., Lid, have made at the poor box with an iron days before our currency was
bar, obviously, sald Crown Countled to sterling will, whilst de-and will you give me your ) is included in the Sgure of sel, attempting to break it open. ploring the present high interest assurance on this polai?
Án alan was raised and a rates, not look upon them as few moments Later the accured unprecedented.
115
found outside on the "Hongkong's kudustries con. grounds of the church. He was tinue their expansion and the seized mid held by Roman products of our manufacture, 10-, Catholle priests who had been gether with the services of our aroused by the elarm.
merchants, continue in world- It was discovered that the wide demand. The liberalising arcused effected entry by break. of trade with the mainland bas ing a pane of glass on the had but little immediate effect rooftop.
on the Colony's economy and we Crown Counset gaid that the awalt events in this connection accused wrapped a plece of with some caution. cloth around the lock of the i box apparently to mulle the sound and was interrupted in the 'work by the watchman shining his torch through the
window.
Nothing, however, was stolen.
Fined $3,000
Liquid Position
Mr Marden also revealed: The Dominion Insurance Co. Ltd. has increased its dividend tinuing with a view to widening to 10%. Negotiations are con- Dominior's activities and seem likely to be completed satisfac torily.
$65,000,0007
ANSWER: In view of the fact thop at March the, value of
ANSWER: The answer to this question is NO.
Talent Time Typhoon-But It's
Finals
Near Guam
A typhoon", is developing little less than 150 miles of Guam.
Television Talent Time, which The draw for the finals of takes place traight at 7 p.m. places the competitors in the
The Royal Observatory sald following order. (1) Al Spencer
this morning that at 9 n.im, the Oporio; Singer with Ukelele.
old competitor, (2) Sylvia Souza; Nine-year- tropical storm Intensified to a Singer. (3) typhoon called Judy and wan mental duet. (4) Colin Stort; Gurm, moving weet at about 12 Bernado and Santos; Instru- centred about 140 miles of
Singer(5) Dorothy Knowles; knots. Pressure remained high Singer in modern style. (0)
over China and Japan. Comets Harmoles Trio.
Weathermen any there will be moderato north-easterly winds blowing in Hongkong. The weather will be cloudy with some fair periods,
Talevision Talent Time will mun for three-quartera of an hour tonight, and the winner will be announced on the stage,
Fined $40
Remanded
Eastern Asia Navigation Co. Lid. Is row in a comparatively A precedent partner In a liquid position. Although the fall bustnosa firm. Edward S. . in freights has caused its Board Wu was tall morning fined a to defer the acquisition of ship- total of 93,000 by Mr Simon ping property, activo.conaldera- F. 5. La at Contral Court when tion is peing given to re-entering be pleaded guilty to falling to ownership In conjunction with submit full and further income the parent company and sultabla
Lo Ifal, $2, Junk master, was
Charged with * stealing: an $800 portable typewriter" from tax retures for the period 1955- proportions are being scrutinised. Aried #40" by*Mir Hin-shing. Lo 50, and to falling/to submit Ins The branch of Shewan Tomos | at' Central Magistracy This the flat of Dr F. B. Kunsteli come tax returns for the perfod & Co. Ltd., in Singapore in maring for approaching within of GM Bowen Road on August 1966-57.
common with many other herma - 100 yarda of Stonecutters 21, Chan Chic, 20, unemploy- Defendant, who 'is' employed there has had to curtail Heeland, a prohibited area,oned, was remanded for: thres by the Ying Foong Company, activities through the extruded: Monday morning and for days for further enquiries by FAKE CARE 704 Bank of East Arts Building, credit demanded in that failure to koep, his licence on Mr Hin-shing Loʻst: Central
was on ball of $6,000.
certain preliminary plans develop, poard the vessel...
Magistracy, this morning.
fif
By
Galbraith
"Not tonight, Eddiel My párants want me to sit here: and becoma a fat, ugly old maid!'"
Printed arid ̈ published by Paran Plumely for and on behalf of South China Morning Post Limited as 1-8 Streft, City of Victoria in the Colony of Hongkong.