Page
THE HONGKONG DAILY PRESS, WEDNESDAY, SEPTEMBER 10TE, 1994
Foamite Firefoam
THE MOST EFFECTIVE FIRE EXTINGUISHER.
SOLE AGENTS FOR HONGKONG AND SOUTH CHINA:
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel, Central 298.
SEE THIS REAL
B
3, Queen's Buildings.
TROPICAL TYPHOON.
SEE
it
a four-masted windjammer, under the orders of a love-maddened
captain. ride down a helpless fishing smack. See the dramatic rescue of Kate Master- son, the struggle of two dominating personalities, a daring mutiny, a terrific adventure, the big vessel· crashing to its doom,
ir
TOSSED ABOUT BY THE TYPHOON and a brutal woman-hater subdued by a kidnapped girl
WHO DRESSES IN CHINESE PYJAMAS..
5.15 and 9.15.
PRISCILLA DEAN
THE STORM DAUGHTER
AT THE
QUEEN'S THEATRE
ALSO
"An all-Chinese modern life drama, of Shanghai with COMPLETE ENGLISH SUB-TITLES 2.30 and 7.15.
PERFUMERY
Manufactured by RIGAUD. PARIS.
"LATER
EL BALSAMADO”
"MAHY GARDEN
“HORA QARINOSALTM*
DULCE MIA"
~LILAS RIGAUD”.
Obtainable from
VICENTE ATIENZA,
ED, KOTLOON. TELE 155
NATHAN
TENNIS SEASON
1924-1925.
F. H. AYRES BALLS,
RACKETS,
and GEAR
SUPPLIED AT KEEN PRICES by
ABAQUERIA FILIPINA
LEADING TOBACCONISTS. OPPOSITE QUEEN'S THEATRE
HONGKONG SMALL INVESTORS.
For the convenience of chenta wa are moving to more suitable and commodious quarters and shall be installed at the GROUND FLOOK, Jer Hours Frazer, Next to Hearts & Hotox, from the 1st of SEPTEREA Our Talephans will still continue to be C, 4306 and wa a ball be plenaed to attend inquiries reference disposal onacquisition of Large or Emall Lots of Shares at our New Address,
T 0.4680.
GROUND FLOOB, Corner Dia Vozux Boan & Ica Houx Szar,
BRITISH NORTH BORNEO (CHARTERED) CO.
ADMINISTRATION.
To the various problems confronting the administration in Borneo the Governor,
RATIO OF EXPORTS TO IMPORTS.Sir William Rycroft, has applied himsel
REVIEW OF THE LEADING INDESTRIES.
The eighty-third half-yearly meeting of the British North Borneo (Chattered) Co., was held on August 6th, at River Plate House, E.C. The Right Hon. Sir West Ridgeway, G.O.B., Q.C.C., K.C.S.I. (the President), was in the chair.
The SECASTARY (Mr. Ayimer C. Pearson, C.M.G.) read the notice convenmg the meeting and a report 'reviewing the pro- gress made by the various branches of the administration.
The PRESIDENT then addressed the meet ing stating:-
"
with great zeal and energy. Sir William. who has come home for a short period on sick leave, returns to the territory on the 18th inst.
The managing director, Mr. Elphin- one, who accomplished much useful work, during his visit to North Borneo early in 1923, proposes again to visit the country during the coming winter, and Mr. W. Barrow, the court's adviser un railway matters, also proposes to minke a farther examination of the railway. As usual, the cost of these missions will, with your permission, he voted by the court of directors. The Court are much pleased that H.3. the King has recognised the long and faithful services to this company of Mr. Harrington G. Forbes, the former secretary, by granting him the Order of the British Empire. It affords them much satisfaction that distinguished and loyal services to the cause of the Empire by the officers of this company are now being recognised by the Crown, and that the Royal favours conferred on civil servants in neighbouring colonies such as Ceylon and the Federated Malay States are now to some extent being shared by North Borace,
PRESIDENT'S RETIREMENT.
Ladies and Genticmon, The progress report to which you have listened has fully explained to you the affairs of the past year. It remains for me to offer a few general observations on the position up to date. Although in the year 1925 there was no marked increase of prosperity, think you will agree with me that the year's results give no ground for despon dency. It is true that our hopes of a re- vival of trade have not materialised, but the industrial activity of the country has on the whole been satistautorily main. tained. A bright feature is the steadily rising ratio of exports to imports. For
I shall not have many more opportuni every £100 worth of goods imported, £102 left the country in 1981. In 19 the ratio ties of addressing you. Pussibly indeed, improved to £11, and in 1995 it mounted probably this may be the last occasion to the high figure of £139. While on the on, which I shall enjoy that privilege. subject of trade I may nucation that ex- Consequently it is. I assure you, very porters in North Borneo are still handi- disappointing to inc, towards the end of capped by high freightage rates, but from my long term of office as President of news recently received 1 gather that the the company-which has covered" many" representation which we and the local years, nearly all of them years of increas- Chamber of Commerce have made to the ing prosperity that, owing to the de- Straits Steamship Company have barge vastating war, and still more to its wither- fruit, and that a reduction has been made ing aftermath of trade depression, I have on rubber and leg duier between North been obliged to disappoint you in the Boraco and Singapore. As to the prob matter of the dividends which, under hap- able results for the current year, it would pier conditions, you would have been be rash to predict any substantial im-entitled to expect for the money which provement. We must be content if the you have invested in the territory. We surplus revenue of last year is maintain have worked for you to the best of our ed or perhaps slightly exceeded. The power we have not spared ourselves, and unpalatable fact remains that we are not have suffered many moments of anxiety, yet out of the wood, and so long as the fur I assure you that it is no easy matter world-wide depression continues North even in times of peace and tranquillity Borneo cannot expect to resume its jour-to administer a territory under Royal ney on the path of prosperity.
"
LEADING INDUSTRIES,
Charter. It is far easier-as I know from experience to govern a Crown colony like Ceylon, where there are no share. holders to criticise, and where no question of dividend arises to preoccupy the mind of the Government, who are thus left free
I would like briefly to refer to one or two of our leading industries. Although the rubber industry is in a distinctly healthier position than it was two years ago, economy is still the order of the day, wholly and solely to use their resources and the companies are chary of embark a developing the territory and promot ing on any considerable extension of their ing the welfare of the native population. operations. Meantime, progress is being I am making no apology; we have nothing to apologise for On the contrary, we made at home in fading new uses for
maintain that your territory has been the product, and further relief may come to the industry if an acceptable scheme wisely and efficiently administered. You is evolved for co-operative selling. As are fortunate not to have suffered more you are doubtless aware, a strong com- than you have, for you have fared better than your neighbours. You have not to mittee of the Rubber Growers' Associa tion has been formed to investigate the lament the financial retrogression of your matter. In my opinion an indispensable territory. For many years prior to the requisite for success will be that all rub war the prosperity and revenue of your ber shall be shipped to London for sale, territory increased by leaps and bounds, but I have grave doubts whether the Even during the war it steadily but slowly Decessary combination among producers increased. In 1914 the revenue was was £357,000. In 19 can be obtained without legistation-that £500,000; in 3 is to say, compulsion for their non-co-occurred the great boom in trade when operation is likely to defeat this praise- all nations of the earth imagined that at worthy scheme as it has defented former last the war was over, and there would schemes advocated by the Rubber Grow-be a great revival of trade and industry. crs' Association. Still, I have every faith North Borneo responded in a remarkable in the future of this great industry, with way to that hope; its trade revived, its which the destinies of North Borneo are industries were encouraged, and its re- Dow definitely linked. The quality of our venue leapt up in a manner which the rubber is excellent, and many thousands following lump proved to be unjustified. of acres are available for cultivation, As for the prosperity of 1990 which was so to the timber industry, the British Borneo joyfully welcomed by the civilised world Timber Company has been greatly helped proved to be a mirage, and the slump in dealing with the numerous problems followed, from the effects of which we are which have confronted it by the patient now suffering. But the Ectitious prosper. investigation undertaken on the spot over ity of 1020 is suficient proof that when
a period of some months by its managing the clouds which, now darken the world director, Mr. W. G. Darby. Our tobacco have finally dispersed as they must and planters have been greatly encouraged by will be dispersed--nnd there is conse. great world-wide revival of the higher market prices prevailing atquently a Amsterdam and the hopeful reports re-trade, then North Borne will again thrive ceived from Borneo of the 1924 erop. and prosper, and you will be compen They have, however, much lost ground to sated for the sacrifices and disappoint-i recover, and the Court have continued the tents which you have suffered during policy of assisting them financially while recent years. I will now put to the meet they are retrieving their fortunes. I am ing the following resolution: That the glad to say operations of the coal com- report of the directors and statement of pany, which were so seriously handicap accounts appended thereto for the year now ending December, 1933, he received and ped by underground troubles, are proceeding smoothly. The steady expan adopted." sion of the cocoanut industry offers ground for much satisfaction Valuable minerals undoubtedly exist in the coun- try-for example, gold and manganese. Hitherto the efforts to exploit this wealth have proved unsuccessful, a main diff culty being the inck of adequate capital. More thorough examination might lead to more satisfactory results.
- POPULATION QUESTION.
After some discussion the report and accounts were adopted..
The resolution proposing the re-election of Sir Montagu Ummaaney was defeated by a majority, on the ground that his serious illness bad incapacitated him for In accordance with the terms of settle- the performance of the duties of bis otice: ment the meeting adjourned till August 19th.
-
CLOSING QUOTATIONS.""
Bert, 1924. Hongkong and Shanghai
Banks....
$1,210 b Canton Insurances
$720 bub Union InsuranceS
$237 85.
Hongkong Fire Insurances.
| Steamshipo..sem C. & M. Steamboats.....340 ma.
Ferrics......
$101 BA
The great want of the territory is A cordial vote of thanks to the chair- population. Although the native populaman terminated the proceedings. tion of North Borneo has substantially increased during the last decade, wo can- not expect it to increase to an extent. which would be suficient to develop the resources of the country. Therefore we HONGKONG SHARE MARKET must depend on the introduction, of population from China, Japan and other Eastern countries. A history of the vari- our schemes evolved since the incorpora- tion of the chartered company for attract ing Chinese settlers to Borneo would fill a whole volume: For one reason or another they proved unsuccessful or only partially successful It is a matter which has claimed the special attention of the present Governor, Sir William Rycroft; and the managing director, Mr. Elphin- stone, has also devoted much time to find. ing a solution. We have reason to believe that the various concessións recently made, particularly the grant of free pas sages and of cheaper terms for land, will attract Chinese, in greater numbers than heretofore. It is a matter for much sutis- faction that the reports we receive from time to time leave no room for doubt that the Asiatic population is healthy and con- tented. We deeply regret the loss of two promising young officers in the early part of the present year Mr. J. W. G. Hills, who died while on his way to Tambunan, in the interior, and Mr. O. E. Woodward, who fell a victim to gangrene poisoning.
f
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Hongkong Bopca
China Providenta
Dairy Fam
Waterbosis
3211 nominal:
$179 b.
$117 b
$24 & 234 (new) a.
$17 (old)
Hongkong Electrica China Lights Hongkong Trazas Ponk Tramways drumme
£63 nominal m
$5.20 (new)
IL
"(combined):
NOTICE.
We beg to request the Public to note that when buying GORDON'S DRY GIN they should see the stoppers in the bottles are wired under the capsule. We will not guarantee any other as being genuine GORDON'S. DRY 'GIN.
DONNELLY & WHYTE,
SOLE AGENTS.
M. Y. SAN & CO., LTD.
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