THE LAUNCHMEN'S STRIKE.
NINE NEW DEMANDS.
CRIMINAL SESSIONS.
IBEROK THE ACTING PUISNG JUDAR
(M. J. R. WOOD.)]"
THE HONGKONG DAILY PRESS, TOESDAY, MAY 23RD, 1992.
As contact had not bera established yesterday between the representation of THREE BORBERS ATTACK AN OLD the owners have, and the representatives of the men (who had gone to Canton), dis-
cussion of a vases offer by the owner could but I began and the strike posi-
tion is unchanged.
WOMAN.
Chun Sui was sentenced to five years imprisonment with hard labour, and twelve strokes of the cut for gang robbery. He flended guilty.
COMPANY MEETING.
"
YANGTSZE INSURANCE
ASSOCIATION.
heading of "Premiuni on 28,850 shares exchanged for shares of the Far Eastern Insurance Co., Ltd.", represents the differ ence between the par values of the respec biva shares less the enah 'payment of Ta 3 per
share. Five hundred further shares have been exchanged since December 31st, 1931, and the actual amount now stand- ing to the credit of premium on shares
20 PER CENT, THFIDEND.
The 32nd ordinary general meeting of shareholders in the Yangtze Insuren Association, Ltd. was held as Shanghai, on May 16th. Mr. John Prentice pre-account is 8308,382.17 sided, supported by Messrs. Brodie A.
"As the result of the fall in exchange Clarke, A. W. Barkill, A. Howard and during 1921, and the appreciation of
W. Robertson (directors) and C. M. Brunie, General Manager, and there : was an attendanc" representing 4017 shares
The CHAIRMAN's speech" included the Following
Ir passing sentence the Judge said it A visit to the Launchmen's Union re pealed a new development in the strike appeared from the cord that the priR situation. On Sun lay evening a member soner, with two other mea. attacked and of the timid came down from Canton with robbed an old saipan wouisa (80 years of They a letter from the delegates there, contain.ags) whe was alone in her boat. ing nine new" demands. This letter was bound her and set her boat adrift. When sealed, and, according to instructions, intercepted by the police two of the men was taken to the Hon. Mr. Hallifax; escaped but the prisoner was arrested and Secretary for Chinese Affairs, yesterday some of the stolen property was found morning. In reply to a question by Mr. in the bout the men were using. Halifax, the fiuild representative said that he did not know when the delegates would arrive as some of the men appoint- ed to the delegation had gone to the country from Canton and that is would ake some time for them to get back to Capteu.
The nine new demands are as follows
CLUB MEMBERS AND GAMBLING
DEBTS.
HOW A CHINESE CLUBMAN TRIED TO AECURS
HIS WINNINGS.
(1.)--Pay is to be given to the strikers from the day the strike began to the resumption of work on the new Scale and that no deductions are (2) The increase to begin troar April Jant owed him money he assaulted him.
to be made.
1st.
:projur reason.
AN AUSENT JURYMẠN,
Working account, 1920 and forther yars This account shows a balance at
credit of $2,639,879.30 and the directors recommend that the whole of this amount te carried forward. It should re amply sufficient to liquidate" eur" "out standing liabilities
yourn
accounts.
סכ1
Pant
+
THE POOLING AGREEMENT.
*
variants investments there has been a0 accretion to investurent and exchange fluctuation account of $1,041,731.00.
STERLING REINSURANCH FUND, Out of these two items the directors propose, with your approval to crente a sterling reinsurance fund of £100,000 which at current exchange as at Decem ber 31st, 1921, will absorb $801,871,03, and to leave, the balance a credit of invest- ment and exchange Huetuation account. A considerable portion of cur business is transacted in gold and a considerable portion of our assets la investri in gold Chun Su Ki, a youth apparently of about 16 years of age, was indicted for
Working" Account 1921-Our net prevarities. We have considerable gold robbery by two or more on April 9thmian income is $3,534,304.12 as against liabilities, but up to the present all our
for assoul Ho pleaded "not"
The actual de Habilities have been stated in silver. Our and guilly" on the first count but as to the $4,301,425.01 in 1930 second he said that breause the complain-erase is, however, not so large as would figure, therefore, much affected by.
appear. In the "anticipation that these or fall in exchange. If our gold' and effer, made last year to shareholders of silver assets. could be balanced by corres the Far Eastern Insuranc Co., Ltd., to ponding gold and silver liabilition wo exchange their shares for shares of the would be independent of exchange fluct- Association, would be accepted by a large tion. The creation of sterling reinsur- majority of the shareholders, the businence fund will be a step in this direc tion and our asarts will be independent of of the two companies is now pooled, under exchange factuation to the extent of the an agreement which came into force as amount placed to sterling reinsurance
fund. from January 1st, 1921. The result of
If yua adopt the proposal to this effect the institution of this pooling agreement, which will be placed before you later, which automatically gives each company the balance maining to the credit of a share of all the risks written by either investment and exchange fluctuation ac |count will be, (as) stuted in the report, ompany, thereby liminating the meres 4541,168.26. It will actually be somewhat sity of cumbersome reinsurance arrangeure as the premium on the 300 shares
issued since December 31st, 1921, which I have already referred will be utilized in the creation of the sterling insurance fund. The above figure pro fects ne against a fairly considerable zise | in exchange. I no part of it is required to meet depreciation in investments, our investment and exchange fluctuation ne count will only disappent from our balance sheet if exchange rises, to say 4/8 for sterling and for Gold Dollars.
Messrs. James Thompson and A. W. da Ruza failed to noswer to their names when called upon to serve on the jury, and the Judge announced that he would send for them to attend next day, on accounti of their absence on this occasion.
(3)-A) strikers shall be re-instated
and that no dismissal shall take The following were empanelled as a place within three months without jury-Mars, J. 6. Thompson (fore (4.) Men employed on motor boals and no), G. Remedios F. X. Ribeiro, A. H. Rumjahn, 6. Eager, Lee Yut Choi steam launches are to work from
a.in. to 5 pm. daily and over- and Thomas Wong. time work to be paid according to the wages paid. When the black typhoon signal is hoisted men werking on Murch, to be Kiven double
pay. (5.)-From the date of signing the agreement European and Chinese employers to engage men through The Guild. (6)-Men working on launches to he At the end of the morning session, how
given
24 hours' holiday racii ever, the Judge announced that the Rements, has been to decrease the net pre Muth. (7)-alen engaged on launches towing gistrar informed him that Mr. James minus of the Association And to inerea
boats to Cantor and on passenger Thompson's name had been inadvertently that of the Far Eastern Company. As motor-boats and on launches en gaged on twige work in the har-included in the names read out and that the Association owns.more than 50 per ur to work sixteen buur per gentleman was not required to attend. cent of the shares of the Far Eastern day in two shifts, and that all There would therefore be only one de Company no actual loss of revenue is cvertime to be on the double rate":
the Association. The not basis
faulting juryman before the Court next involved to
premium incumes of the Association and (8)-European or Chinese employers to day. engage coxswains and first engi
the Far Eastern Company in 1992 were neers on a three months' contract. during which time no man shall
The Attorney-General (the Hon. Mr. respectively 4,301,198.01 and 1926.253.76 le di missed without satisfactory J. H. Kemp. K.C.) explained that the (Tx. 670,147.0% at ex. 73) totalling story of the complainant and his witnesses $5,227,656,50, whereas in 1921 the corres put the case in a worse light then the ponding figures were 83,534,504.12 and prisoner suggested, for the complainant | $1,415,8778 (Tik 1,033,558.40 41„ex 73)
teng.
(9.)-Launches towing lighters and argo boats outside the harbour to engage 4 pilot so that the responsibility.
CONFLICTING ALLEGATIONS.
Coxswain may be free from all alleged a gang robbery in the street at totalling, $4,950,178.90. The aggregata net.
:
WORK PROCEEDING IN HARBOUR
The Lunch Requiements Committee were able to get a substantial amount of work done in the harbour yesterday Three water boats were working and there would have been fourth, but for mechanical mishap. Several Jaunches; were active with wage and the require aments of shippers were adjuntely met.
STAR FERRY SERVICE.
CAN ANY IMPROVEMENT BE MADE
.."
night. The prisoner's statement was that the complainant had gambled with him at a certain gambling house nd lost $10 to him. As he would not give his watch as security, the prismer, said he struck the man. Evidence would be called that the risoner was not known at the gambling house and that he had not been there that night
premium insome of the two companies in 2021 is thus $277,180.00 less than in 1920.
Our revenue from interest, dividends and rents $307,000, is practically the
umea in the previous year.
to
On the assets side of our balance sheet är investments in gold securities are, as usual, set out in detail. A list of our silver investments in debentures and share is on the table for the inspection any shareholders desiring to see it,
DULL TRADE-
Severe competition and dull trade con tinue to render the transaction of marin and fire insurance business extremely difficult. Your directeri consider that in
the circumstances our resources must be
conserved as far as possible until the cycle a lean years is succeded by more pros perous times when an increased distri bution to shareholders may be possible without impairing our financial position. HEAVY FIRST YEAR'S SETTLEMENT,
They feel sure that their views will re- On the other side, of this account, netceive the support of shareholders gone. claims. paid amount to 1,805,520.45. rally. The Attorney Guarral mentioned certain This is a very heavy first year's settle aspects of the case which were in the
mant and the percentage to 'premium in prisoner's favour; also points in the com. factory and see that sim to support years. plainant's evidence, which were unsatis ectue is much above the average of recent the gambling theory of the case.
Commissions and charges which Mr.
Your directors wish to record their appreciation of the good work done. during these anxious times by the general manager and the staff of the association and as a tangible mark of their appre ciation, I intend to put a resolution bo fore you proposing the payment to them of a bonus.
The resolutions indicated i* the Chairman's address were put to the meet- ing and carried.
Kemp remarked that the fact that are this year shown separately, amount the youth remained, after the complain; to 8806,302.33 as against 8001,455.50 last ant's watch and money had gone, and continued hammering him looked rather year. Commissions are higher by reason more like a fight the a robbery. (The of the increase in our fire business which policeman who made the arrest, however, involves a higher rate of Commission than The board were authorized to pay to
the general manager and staff of the As sociation a bonus on their salaries for last year not exceeding 20 per cent. thereof either wholly or partly in cash or to the provident fund at the discre tion of the board.
The question that most exercise, the public mind is the improvement of the Star Ferry service,
"A representative of the Star Furry Com pary assured a Daily Press reporter that everything possibl wag being done by the Company
The public, however, would like to see a skilled navigating officer in charge of each ferry, behen naval or departed from this statement, later, and Inerchantman, so that the taunt may not
said thes
prisoner was helping to hold the marine business. The increase in charges be justified that, dirretty the Chinese case working.fcicury gres by the board,
complainant.)
is due principally to the fall in exchange, Evidence was then called. the With the Yannati ferry service suspended
The balance at credit of working account there is very heavy traffe on the "Star" prisoner, by way of cross-examination,
is $1,814,421.55. ferries, and this congestion is greatly reiterated his statement (which the com aggravated by the fact that whereas under for years and had won money from him plainmet denied that he had known, him pormal conditions sis ferries arrive and in gambling. depart in an hour, the
under
The Judge remarked to the Jury that present conditions on hardly be three. owing to the difficulty the inexperienced their verdict would prelibly depend on navigators have in getting the ferries the view they took of the complainant's alongside the
evidence and he invited them to question whartes. The present him. navigators "lark that knowledge of tides
The Jury embarrassed by the direct and currents which probably can, only conflict of testimony, asked, through the funds into silver. Investments have been i Fear ending April 30th, glutes:- gained by the practical experience of Foreman, why the youth in the dock could running the terries
not call witnesses to prove that the com- plainant was an old acquaintance, if that was the case, as he declared.
average
THE CARPENTERS""AFFRAY. ANOTHER MAN ARRESTED:
Another man has been arrested in con- nection with the carpenters' affray which occurred in the Western District, on Friday, when a number of carpenters on striko attacked carpenters at work in the various shops of the district.
The man was charged with criminal intimidation, asmault and disorderly con ...duct.
Mr. Leo d'Algrade appeared for the de. fendant and and that he had also been in- structed to appear for the four Chinese who were brought before Mr. Fraser, on Saturday. He asked for a remand of One week and for the defendant to be re- leased on bail,
Mr. Webster, representing the com plainants, opposed the request for bail and in this he was supported by Mr. Perddo, Assistant Superintendent, of Polico.
The Judge explained that his oppor- tunity to do thi would come at a later stage of the case.
EVIDENCE AS TO FRIDE ACQUAINTANCE
and of 20 per cent, be paid out of the The Directors recommend that a divid
balance of this account, and if you adopt this proposal there will be a balance of $1,515,721.55 to carry forward
COMPANY REPORT.
The report of the Directors for the
The rates of enchange rating on Decem-PEAK TRAMWAYS COMPANY, LTD. ber 31st, 1921, have been adopted for the conversion of our gold investment and voined at their market value as al
Our investments you December dist, 1921. show a substantial advance in value since
1922.
December 31st, 1990.
You have already been informed of our amalgamation of interests with the Far Eastern Insurance Co., Ltd. The Asse ciation is now the registered holder of From the third witness, an ex-Sanitary 33,685 abares (out of a total issue of Board coclie, and a member of the Club 3,000 shares) of the Far Eastern Lasur ance Co., Ltd., and 29,350 shares of the where the complainant smoked opium, the Association bave been issued to share Judge extracted that the prisoner visited holders of the Far Eastern Insurance Co., the tub that night to look for someone. Ltd. The apparent discrepancy is explain. Both the complainant and the prisoner
ed by the fact that the Association was were members of the club..
itself a shareholder in the company prior
300.
"
to making an offer for the acquisition of
of
The Diretor now beg to subunit to their report Ani statement accounts for the year engling April 301b,
The net profit for the twelve months, after ducting Directors' fees and general managers remuneration, amounts to 860,715.30 To which has to be added the balance brought forward Just account
Making Cavaijable for appro-
priation
7,661.77
88,377,07
The Directors recommend that a divid
The accountant of the Club confirmed this and said that the two men knew one another.
thu company's shares and no shares have rad at the rate of 10 per cent. per annum to shareholders, absorbing The Attorney-General; Why do you say been issued in exchange for the shares so paid
held. The paid up capital of the ABC $30,000 than $10,000 be transferred to they knew one another 7
account that? Witness: Because they are membara. eintion is now $1,493,500 represented by special repairs reserve How many members are there -About 140,350 shares fully paid up. It in not $10,000 be transferred to reserve fund and anticipated that any further shares of the that the balance of $18.377.07 be carried And all reember, know one another - Far Eastern Company will now be offered to a new profit and long count.
DIRECTORS-uring the year Mr. J. to the Association for exchange and in The prisoner called no witnesses.
any case the offer to the Company's share- Scott Harston, Mr. J. Bell-Irving and The Jury, after a short consultation, holders is no longer open. Of the shares Mr. A. S. Cuibay resigned, their places not guilty" on the count of authorized be issued to "Far Eastern" being taken by Mr. W E. L. Shenton, found him rabbery
The Judge told the prisoner, that he shareholders init not so issued the direc- Mr. C. C. Boyd and Mr. H. W. Sison. In accordance with Rule 73 of the La support of his request for bail,
tors now propon to ask your authority. Mr. d'Amade said the case, was one of accepted his story that he had been gam to issue 050 shares as they may determine Company's Articles of Association, the ordinary misdemeanour. If the case had bling with the complainant. He believed
ein order to bring the paid up capital present members, the Hon. Sir Paul that, having a grievances against the com. been one of attempted murder he could plainant he led the other men to the of the Association to a round figure of Chater, G.M.G.. the Hon. Mr. A. O. Lang, understand bail being refused.
atthek. Having regard to his youth and this effect inter on during the meeting and Mr. H. W. Sassoon retire, but, being $1,590,000, I am proposing a resolution Mr. W. E. L. Shenton, Mr. O. C. Boyd, Mr. Webeter pointed our this one of the to the fact that be hind born in curatody
Balance Sheet The shares of the Far eligible, offer themselves for re-election complainants was in a very serious con for nearly a month, he would sentence
AUDITORS. The accounts wern audito dition and was in hospital auffering from him to six werke imprisonment on the Eastern Insurance Co., Ltd., acquired by broken ribs and a broken head.indictment for assault, to which he had the Association stand in our books at by Messrs. Lowe, Bingham and Matthews
The case was remanded for one week, pleaded guilty.
their par vacne and the item of $204,308.20 and Mr. C. Bernard Brown, who offer hail being refused.
appearing in the balance sheet under the themselves for re-election.
:
The Court then roen until to-day
LANE, CRAWFORD, LTD.
CHINA AND GLASS DEPT.
BLUE WILLOW PATTERN
BREAKFAST WARE.
We have just received a delivery of this old favourite Chinaware and are able to offer it at greatly reduced prices :-
Plates in 4 sizes ...
Dishes in 8 sizes
...$4, $4.50, $5 & $6.50 per dezon.
Vegetable Dish divided Breakfast Cups & Saucers
Tea Cups Saucers
Tea Pots in 3 sizes
Cafes Pota in a sixes
Jugs in 4 sizes...
Covered Sugars Sugar Bowls Butter Dishes
Bge Cupa
$1, 31.50 & $2.00 aach.
$5.25
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$1.75. $2.25 & $2.75 oach.
$2.00 & $3.75
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$:60.
2.25 cạch.
$3.50 per dozen.
LANE CRAWFORD, LTD.
CAFÉ WISEMAN
*
Are making Special Arrangements for QUICK SERVICE TIFFINS during the Strike.
EXTRA TABLES.
EXTRA STAFF.
USUAL PRICES."
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