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THE HONGKONG DAILY PRESS, MONDAY, MAY 19TH, 1924
PEKIN SYNDICATE. COLLIERY INTERESTS-IMPROVED
OUTLOOK.
The ordinary general meeting of the Peking Syndicate, Ltd. was held on April 4th at the Cannon Street Hotel, London, EC., Colonel Bringing J. IT Fitzgerald, C. 8. (the chairman) presid ing The Secretary (Mr. Charles Price) eend the notice conrening the meeting and the repart of the auditors
The CHAFRMAN, in moving the adoption of the icport and accounts, said Gere tlemen, before dealing with the accounts, I should like to mention to you that your board, have invited Major Nathan to all the caenney on the English side of your board. This sent on the board has been left open ever since the arrangement between the French and English share holders was completed. This arrange ment had as I told yon at the time, the eutire
approval of our Foreign "Office. Major Nathan, I am happy to say has accepted the invitation and is here to day, and I will ask you to confira his election. Before doing so, I will read letter received by me from Mr. Ken rick, sour magaging director
For
Colonel, Thank you Dear. your personally written letter and for the very excellents it contains There is one I should welcome more on the Board than Major Nathan, who combines with a long and, prac tical experience of the Chinese and their methods a great organising ability, as shown by the success he has made for the Kailan miting, diminis tration." M. Jadet, although I only know him by reputation, will, I think, also be an ncquisition; in fact, the arrhage. ment you have made will greatly streng then our position here,"
THE ACCOUNTS.
"
NATIONAL CHRISTIAN
COUNCIL.
SECOND ANNUAL MEETING
་
There are about 7,300 missionaries in China living in 713 centres. They belong to over ton demonination and Christian organizations and work among about 8.000 Chines congregation The pre sentatives of this varied group of workers in China are having their second annual eting at the Young All Memorial Road: Shangbal About Charch Quinsan eighty members are proscat, over half af whom are Chinese:
Dr. David Z. Yu, General Secret ary of the E..CA. and President of the N.C.C., is abent en furlough in the United States. In consequence Dr. Har fold Haline, Vice-president of the N.C.C. and Pasient of Tainan University, prs the first meeting and made some sided at introductory remarks. He stated that during the past year, there has been most mesuraging parte potion in the work of the Council fustify its existence.
The Council has no authority whatever; it meets as an advisory body simply Cening from all parts of China its nuca- beriam to register common opinions on problems of Christian, work and to di cover plans wherchy they may work to
ther to waive them.
Owing to the absence of many of the mens on furlough, etc., quite a large proportion of those in attendance at the second annual meeting are substitutes of Some of# or other of the original man ber,
Among the visitors present are the fol towing: Dame Adelaide Anderson, Indus trial Commissioner from England; Mes O. Lee, Secretary of the Woman's Board of the Interior, American Board Mission; Rev. A. H. Mellen, Agency Bible Society Secretary of
Secretary of the anal; Dr. Witte.
in Mexico; Mr. the Japan Christian Director :
the Protestant Evangelienl
!!
CHURCH'S RESPONS!3:LITY.
On
Dealing with the accounts the profit of the collieries for the period under re- view mounted to $100,121, from which in Berlin and Dr. D. Willard £35.000 has been deducted and trans. Lyon, Secretary of the International Com ferred to a reserve account for the remittee of the Y.M.C.A. demption of capital expenditure on the coalfields, on which the life of your cou- cession has still 43 years to run. In Among the subjects put down on the for consideration are the fol programing terest on loans, deposit and current ac
lowing: The Responsibility of the counts, dividend on shares and transfer Church to the 300,000,000 rural popula fees, etc. amounted to $28,805, Theretion of China; "The Relation of the fore, taking into account the £23,000 NCC to Public Affairs in China. transferred from profits to reserve nethis subject Mr. S. T. Wen will speak. coat, the total receipts are £129,516. Dr. S. H. Chuan is to sprak on the The news from our collieries is not dis-Opium Situation in China and what Other subjects an couraging. The, Li Feng section of our the Church can do,' coalfield is fulfilling all our expectations, The Relation of the Church to Changing and on the adjoining section which we Industrial Conditions in China" and have heen exploiting the wang Feng, The Church and Internationalism.” we have quite lately struck what the tele gram describes as good hard coal. Our great di Ity is transport, and we ara taking steps to improve this. If we can succeed our sales should show a big in. The gares up to the end of March would justify one in thinking that the results for the year ending June, 1021; will be at least quite as satisfactor As those for the year ended last June.
The credit balance on profit and loss account of £73,000 has been carried on to the balance sheet, and, after deduct ing £33,540, being the difference in ex. change in respect of adjustment of float ing assets and liabilities in China, there remaits a net credit balance of £445,179 for the year.
crener.
The speeches of the trnoon, which were by Mr. S. P. Chuan and Rev. Mur- doch Mackenzie, were on the subject of The Responsibility of the Council. The speakers dealt with the responsi
pre
lity of the individual members and the responsibility of the Council to local con- gregations Mr. Chain said that as yet the Chine Church Lacked sufficient national consciousness to enable the Council to the full support that it needs.tle also pointed out that the gen
tendency
in China to move song. thing and to somewhere. Suffcent atten tion, however, is not given to the necessity
thinking first and jinrt cularly
that liminary meditation of the relation of God to the effort put forward, ffe sa'd beo felt that there need for the LOSS ON BANQUE INDUSTRIELLE DE CHINE Council to study how the ideals it pats A general reserve account has been forth may be fittal to the need of local created. amounting to £398,095, congregations so that they may be netually worked. He spoke also of an individual £200,000 has been transferred from the Christina experience us a preminary to credit balance on profit and loss necount
permananent" Christian unity.-Communi to write down the value of your comcuted. pany shareholding and cash balances with the Banque Industrielle de China. Things have slowly developed, and we felt that the time had come when wo could form an estimate of actual losses As shown in the halance sheet. Whether this estimate is correct or not depends There was a large gathering at the very much on whether the French shara Treasury on the 15th inst. for the privi of the Boxer indemnity is paid in gold lege of conducting the monopoly of opium dollars. We have, however, thought it in Mazao was anctioned." The highest ight to create the general reserve ne bid was given by the U Sin Syndicate. count to meet all possible contingencies. The amount was $2,011,000. I am inform- All I can now say is that the result might cd that the Government has decided not have been worse. Turning to the con- tingent liability of £12,500,000, I told you to accept the bid. Only four parties made that the market value of the shareR givea as extra security for the repay. ment of the above sum was £4,000,000." Since then approximately one-quarter of these. shares have been soki for very close on 3,000,000.
offers.
MACAO NOTES.
MAČAO, OPIUM MONOPOLY.
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It has been decided that all British OFFICES 98A, Wanchai Road.
competitors in the forthcoming Olympic
Games, to be held at the Colombes Stadi,QDOWNS. um, Paris, from July 5th to 13th next, shall wear as their distinguishing emblem Tm. No. 189. the Union Jack
-Thousands of athletes throughout Great Britain are now training to qualify to represent their country. If the will to win matters much, it will carry those who are selected a long way toward victory. amateur athletes are spending busy early „In. rain, snow and wind thousands of morning and late afternoons on scores, of grounds throughout the country.
In every case controlling bodies are in I have also been informed that the charge of these serking to compete in the Macao Goverment has now received a various branches. For instance, the Ama private offer exceeding the hid mention-eur Athletic Association is in charge of ed above. If this is true, it will most the manner and jumpers, the National likely be necessary for another "action" Cyclists' Union of the cyclists, ani so on. to be held.
9
THE MACAO
The cash at bankers stands at £202,546, as against £57,6 last yeark
COURSE BACK The cost of the Hunan concessions £789-has in this year's account been The International Bace and Recreation added to the amount of £877,142, Club of Macao, Ltd., is now registered capital expenditure on the coalfields as as a Portuguese limited liability company June 30th, and these two figures, with a capital of $800,000. The company together with $1.901 spent on the coal is a public company, and although the fells during the year ended June, 102 eatire; capital is underwritten, the pro make up 2812,078, the amount at which moters have decided to offer for public the coalfields bare been capitalised by subscription $25.000 of the capital in agreement with the Chinese Government, Macao and $25,000 in Shanghai.
egards our interest in the Tientsin THE MAGAD ELECTRIC CA, M. Wharf and Godown Co, profits to June
progressive management of the 30th enabled the company to pay 10 per cent and place a substantiul sam to spe. Macao Electric Lighting Co., Ltd, ever cral reserve. The F Chung Corporation, alive to the requirements of Macao and in which we hold half the share capital, anxious to help the industrial expansion have made a substantial proat for the of the city is installing two now Diesel year to March 21st lest The agency engines, each of a horse power. agreement with the Yangtze Corpora tion, Ltd. has been extended for a period, and carries, the option we hold
x large block of slaves.
FUTURE POLICY.
The
In conclusion, the Chairman paid Aibute to Mr. Price Bud the Lon on staff, as well as to the staff in It was said by articles in the French China, for their loyal services, and ten- and Belgian Press that, as the result dered thanks to Mr. Mater, the Syndi
Paris, for of negotiations, your board was to be cafe's legal representative entirely reconstructed, and the control this able assistance in connection with and management of the Peking Syndi the difficult negotiations carried out in salo way to be taken over by the Kailan France, PMP, Co and the Societe Generale da Conte De Seguir: seconded the re- Belgique. All this was absolutely un-olution which, after the Chairman had true. The fact that Major Nathan, who replied to questions, 'was carried unani- now joins your board, was, and still is, busly. ⠀ connected with the Chinese Engineering
OTHER BUSINESS.
The election of Major Naiban to
THOUSANDS OF APPLICATIONBA
Thousands of applications have been received by these bodies from athletes an xious to train on the grounds plaod at the disposal of British athletes by the Ser vices, many colleges, and scores of other institutions. Many, far away from such grounds have had
special arrangmesnts made for them. One promising feature is that many youngsters are being discovered who might, after training, prove Olympic champions.
The London arrangements of the ALA include training at the Crystal Palace trak, where about 60 athletes are engaged
admiston to and at the White City, for which about 250 applications far tickets have run made. The chart to to sort the best out of the whale country to personal invitation to about 200 athletes has resulted in several stating their will ngei ta complete who would otherwise have been too modest to forward their names. This modesty, from the "point of view of British athletics, is one of the difficult's.
MOTIONLESS CYCLES.
The Swimming Association, among its many other arrangements, is sending an expert lecturer round the country in quest of talent.
The hustling activities of the National Cyclists' Union is typical of the energy shown all round. Its London training includes indoor cycling on cycles that do not move forward at the Polytechnic and by private arrangement, at Crickle
and Mining Co., does not in the leant alter the position of the Peking Syndi sent on the honed was confirmed, and wood. cate. Our company in an absolutely Mr Paul Eugene Dutasta and Mr Those chosen to represent their coun independent position, but we are quite Jules Jadot were elected directors in tries in track events will meet the leading ready, provided, we consider it is in place of the two retiring directors alio Continental amateurs on thien occasions our interests to do so, to consider Bay, did not seek re-election, o
each before the games. On May 3rd, on the proposal for a joint working arrange The autore having been reappointed, Herne Hill track,
Dossibles" were to ment which We think may benefit both
a rote of thanks to the Chairman con- compete in a reproduction of the Olympio companies: D
Games programmo, (Continued at foot of neat column). (cluded the proceedings.
• HONGKONG.
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HOW LONG SHOULD A GIRL WAIT FOR A MAN ?
One Man had come into Her Tafe, and had good.
into the shadow of misty snemary. Then Another bad come the thought ale loved them of bath. She cherished the memory tle First; had said she would wait, and yet--What should she do? What should say woman do? How Long SHOULD Woman wait for a Man?
TRIFLING
WITH HONOUR
ROCKLIFFE FELLOWES, FRITZI RIDGWAY, BUDDY MESSINGER HAYDEN STEVENSON.