THE HONGKONG DAILY PRESS, TUESDAY, JANUARY 201H, 5 1924
ANOTHER LABOUR CRISIS.
DOCKERS DISCONTENTED.
"BARLIER CABLES,
BRITISH RAILWAY STRIKE
FOSSIBILITY OF SETTLEMENT.
›
LONDON, January 27tb.. Frosh hopes of a railway settlement have been raised by an interview of the
MR. MACDONALD AT THE FOREIGN Trados Union Mediation Committed with
OFFICE.
LENIN'S FUNERAL AT MOSCOW.
TEARS TURN TO ICICLES"
LATEST CABLES.
· (TUNOUGE ALUTER'S AGENCY.} MR. MACDONALD AT THE FOREIGN OFFICE. THE RUSSIAN QUESTION.
LONDON, January 25th Reviewing, the results of Mr. Mac-! Donald's activities at the Foreign Office Fast wock, the Fesfatinater's Diplozantie l'orrespondent says the Prime Minister found the question of the recognition of Russia not quite so simple as it appear- e. Moscow, without repudiating finan cial obligations, argues that it must first be placed io a position of political equality. This probably will be con-
EARLIER CABLES.
ANOTHER TREATY SIGNED.
ROME, January 27th... The Italo-Jugo Slavoman Treaty has been signed.
LATEST CABLES:
TREATY WELL RECEIVED.
ROME, January 27th. The Yugo-Slav mission was hanquoted at Venezia Palace.
the railway managers, to which was sub mitted a formula which, it is understood, the Locomotive Executive previously approved.
LATEN."
Mr. Brocaley, arriving late at a Locomo
LATEST CALES.
CO., LTD.
COMPANY MEETINGS. (REUTER'S AMERICAN SERVICE) HONGKONG LAND RECLAMATION AMERICAN MINING DISASTER
SHANKTOWN, Pennsylvania, Jail. 7th. Three hodies have been recovered from the Lancashire coal mine. Little bope is entertained of saving the men entombed alive, as the water is rising rapidly underground.
HUGE OIL DEAL. ·
NEW YORK, January 28th, A syndicate, headed by Morgans, bas tive men's meeting at Willesden, adter a purchased 300,000 shares at 830 each of conference with the reliway managers, the authorised but unissued stock of the Announced that he had brought goodCariand Oil Company and paid an option nows. Negotiations were proceeding which on an additional 335,000 shares. It is he was confdent would mult in many of expected that the deal will ultimately the objected points very shortly not exist involve over twenty-three million dollars. ing. He emphasised the importance of the men holding on for the next few hours.
LATEST CABLES,"
A » HOURS' CONFERENCE,
RADIO COMBINES."
US COMPANIES TO ANSWER CHARGES.
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Lospor, January 28th.
WASHINGTON, January 28th. The prospects of early settlement of the
The Federal Trade Commission is English railway strike are regarded as complaining that that the principal cor having brightened considerably as porations engaged in the manufacture and result of yesterday's pence efforts, After distribution of radio equipment and the the mediation committee had visited the roodering of radio service are creating managers, a joint conference was held at and maintaining a monopoly in radio the London Hotel between the mediation the Dianagers, and the excutives of the National Union of Railwaymen, the Railway Clerks an Locomotivemen, lasting ôve-and-a-ba}! until this morning. hours, when an adjournment was made
Signor Mussolini, toasting M. Pasitch, said the treaty just concluded closed tempestuous period of post-war history." Henceforward the "economic, political and the dockers who
communication.
Various companies have been cited to answer within thirty days unfair competition. a charge of violating the law regarding
AMERICAN NAVAL OIL LEASES SENSATION.
reded, but the stoppage of anti-Brite Spiritual collaboration of Italy and use the 16th inst. The Bristol. branch has naval oil leases in the courts.
„propagandia will certainly be a prelimi-
nary condition for recognition.
A THREATENED DOCKERS' STRIKE
LONDON, January 28th, A new transport crisis is threatened by
are not disposed to accept the employers' decision cabled on essential instructed its representatives at a dele
gates conference of transport workers urge further negotiation with the employers, and if the latter refuse the request, the union call a national stoppage of work.
Slavia would constitute aD element of European peace.
Remarkable scenes of enthusiasm were witnessed at Fiume, where church bells
The Government is likely to put some
were ring, sirens on ships sounded and very plain questions to M. Poincare aristorchlight processions organised.
SCATHING INDICTMENT OF FRENCH POLICY.
ing out of Mr. Clive's report regarding The Governor-General and other digni- conditions in the Palatinate, which is o taries addressed the Crown, offering con- seathing indictment of French policy in gratulations on Italy's retention of Fiume fomenting the Separatist movement. The and exhorting all concerned to let by- Government are prepared to appeal to zones be bygones. the International Court for arbitration in accordance with the Versailles Treaty, France will he to asked to abandon the blockade policy against the British zone
ht Cologne.
MI. CLIVE'S LIFE THREA TENED.
BERLIN, January 28th.
"
+
THE BURIAL OF LENIN.
TEARS TURN TO ICICLES.
Moscow, January 29th. Lenin has been buried in a vault in Red Square under the shadow of the
Kremlin wall Enormous crowds filed past the catafalque erected in the open air. Sightseers were exposed to the most intense cold, the thermometer registering over thirty degreca below zero. Scores
出版
A Ludwigshafeu telegram to the Zolal- anzeiger states that one of the Separatist leaders has threatened that if Mt. Clive returns to Munich he will be murdered of people were carried away balf uncon because that which we has done to Separatists in the Palatinate cannot be acious with cold to revive at mammoth Ieft unrevenged,
fires. The only open air music was a funeral march by a Pole named Monash ko. It drew tears from the eyes of soldiers which turned to icicles
EARLIER CABLES.
BRITISH POLITICS
LABOUR'S FOREIGN POLICY.
were
The coffin was borne by Soviet leaders and workmen.
7:
THE RUUR.
to-morrow to
BARLIER CABLES.
* SOVIETS' NEW LEADER.
EQUABBLE-AMONG ASPIRANTS.
WARSAW, January 27th.
tha
› WASHINGTON, "January 17th, President Coolidge has made a state. ment that he intends to employ special counsel to prosecute in the matter of If there is any guilt," he says, "it will be punish- ed. If there is any civil liability it will he enforced. If there has been fraud it will revealed, and if any contracts are illegal they will be cancelled." SENATOR ́REED TO STAND FOR PRESIDENCY.
Er Louis, January 23th. Senator Reed has announced that ha will stand as a candidate for the Fresi. dency..
TENNIS:
NEW YORK, January 28th. Holland has challenged for the Davis
11
EASTERN CABLE
NEWS.
A message from Moscow says a complex political situation has arisen from the death of Levin. The Bolaberist chiefs are said to be squabbling behind the scenes and Trotsky is said to be-in" disguncë, Dzerzinski, who is in charge of Lovin' faneral arrangements, has come to the Cup. forefront as a strong-willed fanatic, and is feared by the moderates, who fretions to drop tonir quarreth nce comFAR
in order to sare domestic and foreign question
especially in row of t
f the early of the Sories bệ
by foreign Pow efy, This
tendency favours Trotsky, with
· [THROUGH RIUTER'S AGENCY } out whom no reconsiliation of the factions will be real or lastin
The military are
OFFICER FOR EAST SURREY'S. also likely to side Trotsk In the event of a reconciliation, Kalinin, presid
LONDON, January 27th, ext of the executive committee, Will Pro
Lient-Colonel E. E. Moyague Bates has bably became president of the council of commissaries, in succession to Lenin, as been posted for the first East Surreys,
Hongkong.
js not regarded as belonging to ant faction, but at present Kamenoff and Stalia are regarded as likely successory to Lenin if it he not decided to replace him'; by one man instead of a triumvirate,
· INTERNATIONAL GOLF.
SARAZEN IN THE LEAD.
Loa Axores, January 27th, Sarazen was two up on Havers at the end-of the 45th bole Havers won four of the first nine holes played to-day and Sarazen three, halving to. The putting of both was unsteady.
At the end of the 54th hole, Sarazen was still three up, he and Havers having" won five each and halved eight.
PARIS, January 27th. Interviewed by the Quotidien, the organ of the Left bloc, Mr. Ramsay MacDonald declared that British public opinion was uneasy with regard to French policy.
PARIS, January 28th. The two peoples were at heart very friendly, and the dangerous clouds of
Speculation has been "evoked by a due to mutual misunderstand to-day
which frank, sympathetic explanations meeting lasting two hours of M. Poincare
clear up. The rep
reparations expert and the Belgian Foreign Minister, M. would not be able to had a lution within the narrow Jaspar. It is understood that the dis-] limits laid down. If the committees cussion related to administrative ques- desired greater latitude and France fused. Een Britain would probably negations in the Ruhr. It is semi-officially EAVERS MASHIE SHOTS WEAK, tiaw with them. The question of the
jog
re.
As
French debt to Britain could not be stated that a net profit of a milliard broached without discussing the whole francs is to be expected for the year from European situation simultaneously regards the Anglo-French guarantee pact, the Socialists did not believe that the Fafety of the nation should depend on armaments and allianons,
"
The British Government would work for the mission of Germany bad Russia to the League of Nations Germany's
the Ruhr pledges.
RUSSIAN REVOLUTIONARY
LEADER DEAD.-
Losos, January 97th.
The death is nanounced, of M. Rod-
entry to the League will be the best zianko, ex-President, of the Duma and guarantee of the safety of Frazon. entirely new international polley ought so one of the chief organisers of the Russian be inaugurated, and the prejudions and revolution.
bricks of the old diplomacy, abandoned.
He refused
to
believe they would fail to establish a friendly entente. with Franco, He was relying on the sense and peaceful intensions of the French people The policy of Labour
ing
to support
Eur
קו.
DIXMUDE" INQUIRY.
COMMISSION'S REPORT.
TOULON, January 27th. her hatreds and would follow a policy of favouring the quiry into the loss of the Dizmgule doen In its report the Commission of "En accession to power of the German derio not arrive at a definite conclusion, but crate, who ortainly were sincerely pacifist is inclined to believe that the craft was and were disposed to pay reparations struck by lightning and fell into the res did not concern Britain, but Labour thousand feet. would not recognise any Separatist Government engineered by a foreign Power.
SARAZEN DEFEATS HAVERS.
LATER
Sarazen heat Havers five up and four to
play.
Havery, throughout the match, which championship, showed brilliant approach was 12 holes for the unofficial world's
ability as far as direction was concerned, but in most cases he was short by twenty to thirty feet on his mushie shote of from fifty to one hundred yards.
Sarazen placed the ball on the green better than Havers, and in off lies' showed noteworthy ability to recover.
Honours were even in driving. Sarazen's card for today's 32 holes was 12% and Havers 133,
OLYMPIAD SKATING.
NEW MANAGING-DIRECTOR FOR M. SAMUEL & CO. LTD.
Lospos, January 7th Mr. W. Kirkpatrick has retired from bis partnership of Messrs. Bird & Co. and E V. Heilgers & Co.. Calcutta, and proceeds to Japan in March to take up the managing directorship of M. Samuel
& Co., Ltd., in the Far East,
[BY COURTESY OF THE “DAILY' BULLETIN." INTER-PROVINCIAL PEACE.
PREMIER'S PROPOSED TOUR...
PEKING, January 29th. It is reported on good authority that Premier Sun Pao Chi intende visiting, Chekang, and probably Kiangsu, Fukien and Canton, with the object of securing agreement and inter-provincial peace, and later reunification.
split up into four; and is 82 more than that paid for 1003.
I now beg to propose the adoption of the report and accounts as presented and when these have been duly seconded I The twenty-second annual general mees shall be glad to answer any questions ing of the Hongkong Land Reclamation which shareholders may wish to ask.
Mr. P. S. Cassupy seconded the adop Company, Ltd., was held at the board room of Messrs Jardine, Matheson and tion of the report and accounts.
Mr. W. J. Carnott'asked what was pro-. Co. Ltd. yesterday morning, Mr. D. G. M. Bernard presiding. There were also posed to be done with the Company's present: The Hon. Sir Paul Chater,large reserve of $6,000,000. As suggest- C.M.G., Sir Robert Ho Tang, Mr. A. Sed that a portion of this amount shouki Gubbay and Mr. A. H. Compton (Direcbe issued to the shareholders as bonus tors), Nr. L. 8. Greenhill (Secretary) shares or in the form of cash bonus? and the following shareholders:-The The CHAIRMAN explained that the cash Rev. Father Rohert, Messrs. H. P. White, in hand and at the bank was only C. C. Boyd, J. T. Bagram, E. Sadick, $89,340.3), which he considered very low, E. Raymond and H. A. Rodgers claim a large sum of money and it was He pointed out that the debentures would The CHAIRMAN said: Gentlemen,At thought advisable to place the 80,000,000 that it was your Directors intention to the last annual meeting I informed you wind up the Company, and with this in view we have completed the sale of all gether with income from other sources our property and investments. This to has enabled us to show a nett profit of $356,132,18 for the year. It is proposed
in reserve.
No further questions were asked, and the report and accounts were carried unanimously.
seconded by Mr. R. J. WILTON, the ap- On the motion of Mr. R. L. BRIDGER, pointment of the Rev. Father Robert and
to pay the usual dividend of 7 per cent. Mr. A. S. Gubbay to the Board of Diree- og the paid up capital, and a bonus of tors was carried.
Sir. Robert Ho Tung and Mr. H. P. $10 per share absorbing altogether
White were re-elected Directors for a 3190,625 which is practically all our further period on the motion of Mr. I. available cash
S. PERRY, seconded by Mr. M. CRAWFORD. Our asseta now consist of mortgages
Messrs. Perey Smith, Seth & Fleming which will be paid off in June, except and Messrs. Linstead & Davis were cleet. one for which your Directors propose toed auditors at a remuneration of $730 make other arrangements. This wil each on the motion of Mr. G. H. POTTH, able us to liquidate the Company during seconded, by Mr. C. C. BOYD the coming summer.
This was all the business before the moeting.
I do not think that there are any other matters that call for comment and now beg to propose the adoption of the report and accounts. When this has been seconded. I shall be pleased to noswer to the best of my ability any question which shareholders may wish to ask..
Mr. H. P. WHITE seconded the adoption of the report and 'accounts which was carried unanimously.
A
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HONGKONG ROPE MANUFACTUR- ING CO., LTD.
INCREASING THE CAPITAL OF THE
**COMPANT,
An extraordinary general meeting of The confirmation of the appointment shareholders in the Hongkong Rope Mazu of Mr. A. S. Gubhay as a Director was facturing Co. Lid, was be'd at the carried on the motion of Mr. C. C. BOYD, ofices of Mesra Showau, Tomes and Co. seconded by Mr. E. SADICK.
On the motion of the Rev. Father presided and there were also present:
Mr. R. G. Shewa yesterday morning. ROBERT, Seconded by Mr. J. T. BAGRAM, The Hon. Mr. P. H. Holyroak and Mr. Sir Robert Ho Tung and Mr. A. S. Gub- Allan Cameron (Consulting Committen), bay, robeing Directors, were re-elected Messrs. R. F. Mattingly (solicitor), F. 1. to the Board.
Tavares (Secretary), Messrs. G. P. LD Messrs. H. Percy Smith, Seth & Flemmert, H. H. Tagler, A. L. Shields. J. ing and Messrs. Liastend & Davis were Toppin, A. A. Bethelo. A. A. Cordeiro, re-elected Auditors for the ensuing year A. A. Alves and Tong Hok-ting (share on the motion of Mr. E. M. RAYMOND, bolders). seconded by Mr. A. H. COMPTON,
ין
This was all the business before the meeting.
The Chairman said: Gotlemen,-This meeting has been called at the request of a number of intuential shareholders representing some 35,000 shares who desire:-
First-That the capital of the Cam- pany should" be, raised from 8600,000 to $1,500,000 by the creation of 90,000 bors shares to be distributed to shareholders it parein the proportion of nine new for
HONGKONG LAND INVESTMENT AND AGENCY CO., LTD.
The thirty-fifth annual general meeting of the Hongkong Land Investment and Agency Company. Ltd., was held yester-every six old bareg. day at the board room of Messrs. Jardine,
Second: That the present plaut and Matheson and Co., Ltd. Mr. D. G. M. machinery be transferred from the present Bernard presided and there were also vainable site they occupy to a Tess valuable present: The Hon. Sir Paul Chater, one in Kowloon or the New Territor to C.M.G., Sir Robert Ho Tung, the_Rev, be obtained from the Government and Father Robert, Mr. H. P. White, Mr. A. that the Company should take up the S. Gubbay and Mr. A. H. Compton manufacture
ture of twine and string as well (Directors), Mr. I. S. Greenhill. (Secre: 11 rope. As to this, it is a matter that tary) and the following shareholders has been engaging the acto
the attention Messrs. P. M. Hodgson, G. H. Fiorey, B. General Managers for some time past, W. Bradbury, J. M. Alves, F. M. Ellis, and as a fact estimates for such a plant F.H. Raymond, W. J. Carroll, C. C..have just been received from home Boyd, J. 1. Bagram, R. L. Bridger, H.
Third. That the Company, should pro Sadick. Chau Siu Ki. D. V. Stevenson, vide fresh capital to carry out these pro- F. H. Crawford, R. J. Wilton, Chos Poa posals by the lasue of 8500,000 of new Sin, G. H. Potts. W. L. Leask, J. Arnold, capital in 50,000 shares of $10, each, to H. C. Hay, Ng Sui Sau, J. W. Kew, H.be offered to shareholders in the propos W. Moon, P. S. Cassidy, R. Greensmith tion of one new share for every three old and bonus shares. Thus raising the capital and H. A. Rodgers.
again from $1,500,000 to $2,000.000.
of the
The CHAIRMAN said: Gentlemen
Resolutions have been drawn up to During the year under review the Articles of Association were brought up to date, meet the requirements of the sharesholders and the opportunity was taken, to divide mentioned and are now before you for the, $100 shares of the Company into 4 your approval. Before, however, I put shares of $25 each. As you are aware them to the meeting, I must say that I the undertaking of the Hongkong Central am desired by the Consulting Committee Estate Ltd, was acquired fast year and to inform shareholders that similas pri posis were laid before the Consulting shareholders in that concern were granted Committen by the Genera Managers at four of que shares of $25 each fully paid, a meeting held on 10th on January and for each share held in the Central Estate. the question of
bonus shares of the
The xet asзeta taken over, exceeded the writing up the valid land or other sum of $1,308,632.53 and this you will tract of the minutes of proceedingly
par value of the new share issue by the assets was raised. The folowing is an
observe is shown in the profit and loss After a lently discussion it was account.
during Sun Pao Chi's absence.
Dr. WW. Yen will act as Premier
Premier Sun Pao Cai will also issue a to circular telegram to the provinces urging economy, privately as well as publicly, and the reduction of troops, which he will personally bring to the attention of the i provincial leaders during his tour.
THEFT
*
FROM EUROPEANS MOTOR CAR
INDIAN SAYS HE WAS FORCED TO STEAL
Ahmed Cassum pleaded Guilty at
The Separatist movement, if spontaneous, from a height of approximately. Bland benberg (Finland) second that the articles were left in Mr. Scott's
LATEST CABLER.
FRENCH PRESS COMMENT.
PARIS, January 27th. Commenting on Mr. Ramsay Mac Donald's interview, the Belair says Mr. MacDonald asks everything without pro- mising Fracce anythingA
EGYPTIAN PREMIER
CAIRO, January 28th. Tiaghlul Pasha has accepted the Premiership.
EARLIER CABLES.
SEPARATIST THREAT."
BERLIN, January 27th,
The Echo de Paris says Mr. MacDonald
A Ludwigshafen telegram to the Lokal is at present moat cautions, but he must Anzeiger states that one of the Separatist Booner or later vote in favour of methods Tenders has threatened that if Mr. Clive for obtaining reparations, which, are very returns to Munich he will be murdered, difficult to reconcile with Frarko-Belgian because what he has done to the Separa. policy. A violent rupture is thus poststs in the Palatinate cunout be left un sible.
I revenged.
proposed by 3r.. White, that new capital The proft on investments, $120,000, is be called up to the extent of $400,000 or in respect of our holding of shares is the 8500,000, but the value of the land be not Hongkong Land Reclamation Company, written up. The Hon. Mr. Lang- and We utilized part of the bonus $110 per Mr. Cameron agreed with Mr. White that share paid by that Company, last Jana the land be not written up and further ary, to write down our shares to half stated that they prefer deferring the new their book value, and carried the balance issue of capital until such time as an to profit and loss account. It is difficult estimate as near as possible can be
make it satisfactory comparison of ahtainen, for the cost of the new factory earnings with those of the previous year. Mr. White's proposal was carried by so frem 1st July last the accounts of the casting vote ad the Chairman,"
"This de Central Estate have been incorporated cision was duly communicated to the in ours. It is owing to this amalgama shareholders who had suggested the origin tion that the Amount invested in Pro al proposals and who, then requested be perty is higher this year, in spite of General Managers to call this meeting the fact that there were substantial sales trust I have put all that has led un tr
this which realized a profit of $2,038,676,6%
proceding to put the resolutions I shall be glad to answer any questions from shareholders.
No
used and the thro questions were rasolutions were proposd by the Chairman od seconded by Mr. G. P. LAMMERT, Mr. CORDEIRO and Mr. H. H. TAYLER respectively and carried, unanimonsly.
This was all the business before the meeting.
jeguiast $1,830,829.27 in the previous year foreting exactly before you. but be
We sold property freely during the boom period, and included in. our sales were some of the marine rights in the New Prays Reclamation.
The Debentures amounting to $1,500,000 are, of course, those taken over from the Central Estate, and are due for repay. ment this Spring. The balance of the profit and loss account is $4,034,180.38 and with the carry forward we have the sum of $8,965,686.87 to deal with. We propose to pay a dividend.
of $1.50 per share and a These holding shares Nos.
bonus of 82 per share ... $700,000.00
1-10,000, that is to say
to shares issued former shareholders in the Central Estate, "will participate to the extent of one half in. the total dividend nad bonus for the year. This. will be 82.50 per share...
a bonus to staff of... Place to Boserve Account ... 6,000,000.00 Carry forward
WAGES IN RUSKLA.
A Rosta News Agency message from The average monthly, Moscow, saysı, wagen of a worker in Moscow is now pas at 22.5 goods" roubles, which is aber 50% of the average pre-war level, acourt ing to latest statisticni data at hand. 15 is further found that the highest wagen, on the average, are received by the pris ters union-an average of 32
goods.** roubles, and the lowest by the textile 100,000.00 workers (10 x.),
8,000.00
CHIMOSIZ, January 27th.. The 1,300 metres speed skating Olympiad contest resulted in Thunberg (Finland) being first in 2 minutes, 20 4/5 seconds.
Steinmetz were seventh, eighth ninth and Larsen (Norway) was second in 2.22. The the Magistracy yesterday to a charge Americans Kaskey, Jewstraw, Moort and of stealing from a motor-car No. 491, twelfth respectively
an over-cons and a pair of gloves, the property of Mr. D. A. Scott, Manager of The 10,000 metres resulted in Skutnabb the Texas 00 Company.
first in 18 minutes 0.4/5
According to the police it was stated with in
18 minutes 74/8 seconds, Four Nor car which was unattended outside the followed, the Americans Binlas. Service Station of the Dragon Motor wegians Donovan and Moore being eighth, ninth Company on Saturday, whilst Mr. Scott and twelfth respectively,
went on a walk round the Valley, Cassum Classification in the four stole the coat and donned it, but unfortu general speed-skating. ovents place Thunberg aately encountered Mr. Scott on his first, Larsen (Norway) second, and Skut return and he was arrested. nabb third, Classification by nations gives Finland 48 points; Norway 30 and the he had been employed as interpreter on The defendant told the Magistrate that United States 11.
a rubber estate at Pensag. He came to the Colony three years ago and had had considerable difficulty in finding employ ment. In this direction he had not been successful. He was on the point of starving, he was compelled to steal.
Divisional Inspector Aris said that and I trust this distribution will com- in the place of the late Sir Henry Bak since his arrival in this Colony Cassum mend itself to shareholders. Incidentally ington Smith. Mr. Shaw is a director de had been in and out of the House of I may mention that the dividend and the P, and O, Steam Navigation Co. and Detention repeatedly, but no convictions bonus for the year represents 820 per of the British India Steam Navigation were registered against him.
share on the shares before they were Ca
LATEST CABLES.
OBITUARY
SIR FRANK HOLLINS.
LONDON, January 27th.
The death is announced of Sir Frank Bolling, J.P., Chairman of Horrockes Crewdson Co., Ltd., Cotton-spinners.
157,886.87 At & Geneen! Court of Proprietors held at the Bank recently the Hon. Aleracer $6,000,880.87
Shaw was eleted a director of the Bank of England for the remainder of the year,