CONSUMPTION HAS: BEEN CURED.
A REMEDY FOR CONSUMPTION HAS BEEN FOUND.
DARK FİYONKHAMAN, NICOVERER OF THE
NEW REMEDY FOR CONSUMPTION,
Marvellous as it may seem after con- turion of failure, a remedy has been dia. covers that has cured the dundly Con- umption even in the advanced slagen of the disonse. No one will longer doubt That Consumption can be cured after reading the proof of hundreds of cases clirod.by this wonderful discovery—squie after change of climate and all olhar romodien tried had failed, and the casOS bad beon pronounced hepoters of cure, This new romety has also proved itself effective and speedy in curing Catarrh. Hronchitis, Autkiva, and other serious throat and lung troubles. In under that All in need of this wonderful produce of suvun 24, fost id of taey formed to solvos, a Company has boon give it to the world, and a Free Trisk Treatment can be obtained by writing the Derk P. Yonkerman Co, Ltd. (Dopt. 0. 287) 118/120, Fisot St, London, EC. 4. enotoming o British Postal Order La cover cost of carriage and packing, and
mentioning this paper. The trial front- ment will then be sent by return mail, -carriage paid.
ABSOLUTELY FREE.
Do not wait if you have any of the symptoms of Consumption, if you have Chronte Catarrh, Bronchitis, Asthma, Paine in your Chest, a Cold on your Lungs, ang for n tres trial treatment and book of or any Threat of Lang Trouble; write to instructions, anil binefit yourself before it is too late..
|
HONG KONG DAILY PRESS, MONDAY, MARCH 2, 1931.
HONG KONG BANK SURMOUNTS THE DEPRESSION.
(CONTINUED FROM PAGE, 4.)
Government have received a pro- mise from the Chinese Government that the outstanding debts due to British merchants for railway tiate- rial will be settled at an early datu.
Debt Settlement as swhole is eping to the fore. In November the Government invitel representa tives of the foreign. Governments concerned to a preliminary confor- ence. Lunderstand that little has yet been proposed in the way of a Refinite plan, but the British Legation has taken in hand the collection of British statements of claims, and it is some satisfaction to know that the Chinese autho rities have at last made a start in tackling the problem. I trust that they will soon find the occasion to prove the sincerity of their inten- tions. Of course, the acttlement of their overdue obligations on terms Receptable to the creditors must depend un pence in; China and on The degree of the Government's success in reordering the national finances,
|
marketed under vnditions utterly In 1881, the net profit, for the alien from the standards of other | Iolf year ending Deceraber, 31 was countries, in a question which 18185,0 10.48 ̧ ̈·
cannot underlake to discuss, but it: 800,000 of this sum wna placed)] is one which, I feel, deserves cfuse to Reserve Fund' and a balance of study and thought by all those 83,580,50 wits carried forward to affected, and there are few indeed credit of a new profit and loss at to whom this does not apply.
count.
In conclusion, have to ask your Fifty years later, in 1931, the confirmation of the grant to our net profit for the whole year end- staff, as voted by the Directors, ofing December 31 is as you see. per cent, bonus on their salaries. 224,114,208.58-gar $3,420,088.38 are being at the same rate na inɛt year. earried forward.
I now beg to propose the adoption of the Report and Statement of Accounts, and after this, has been Bonded I shall be pleased to an aver to the best of my ability" ans questions which shareholders many have to ask.
SECONDER'S SPEECH.
TRIBUTE TO STAFF,^
י
unfeguards to carry: foreign firms and nationals over the dangers of the transitional period when juris. diction and administrative control are passing into Chinese hands. There are sections in Chinn im- patient for an abrupt, termination of all special privilegea and rights. The demand for this was answered by the spokesman of H.M. Govern. ment at the laat muumal dinner of the Chinn Association and I cannot do better than quote the words then used. Foreign jurisdiction, the speaker said, was always an ing to an anomalous state of affairs anomaly but an anomaly correspond. and ita audden renoval would be n worse and more dangerous anomaly In rising to second the adoption British subjects in China. still bath for the Chinese and for of the Report and Statements of The Accounts I feel tempted to use the ultimate goal, he remarked, is com-time honoured formula employed by plete reciprocity-China protecting many of my predecessors by saying our nationals and assuring them that in view of the very full and justice equally full and complete as interesting speech we have just that given by the British Govern-heard there is nothing I can usefully ment to Chinese citizens under their add. jurisdiction. But, he added, this can only come by a process of evolution and the immediate task is to discover a progressive solu- task in dealing with which Mr. Soong and his colleaguestion of the problem which enn be have our sincerest good wishes. einbarked on without delay with Ti rehabilitation of the rail-mutual goodwill and satisfaction to ways, which the Chinese Govern both parties, ment have rightly put in the forefront of their programme of national reconstruction, advanced the time while the Chiness Governing men and women, and that is the little under the conditions prevail- ment is still cagaged in consolidat- ing last year. New constructioning its control throughout the was ismlined to the piqueer lines in Manchuria which are being slowly but steartily pushed forward. A regards the depleted rolling stock, replacements have probably nt niost kept pace with the wastage due to military unge. The British Boxer Indemnity Bettlement
promises, however, substantial benefits to
MAINTAINING
APPEARANCES while
WHATEVER
ASSEMBLY ONE ENTRES, THE · PER- SONALITY OF A
SMARTLY DRESS ›D MAN IS FELT AND RESPECTED,
TO BE WELL DRESSED IS A SOCIAL AND THIS
·DUTY.
19 RASILY CARRIED OUT. 'AT
BROWN'S
Daddall Street, 2nd Boor
Opp. Gospel Hall Tel. 23056.
AVOID; and CURE COUGHS, COLDS,
SORE THROATS, BRONCHITIS, etc.
by Taking VALDA PASTILLES
On Sale at all Chembaka
& Druggi
INSIST ontheboxes bearing ·
the name VALDA.
The need of the moment is, as these words imply, to bridge over
Pro-
vinees of China and of establishing an inquestioned authority which will justify it in assuming the full responsibilities of a sovereign, Gov. ernment towards foreigners living in its territorica. It will greatly help to reduce to a minimum the risks of international friction-- inaiter surely of equal interest to both parties--if Nanking will take a similar view to that quoted above and will shape their demands ac- cordingly.
Shanghai's Problem.
However, it is so rarely that the rdinary man in the street has the fore and an audience as this, that opportunity of airing his views be
I trust you will bear with me for a few minutes."
In the world to-day and parti. cularly in Chiun there is one topic that absorbs and interests all think debneta in the value of silver.
Here in the Far East it affects everything we do, or, buy, or sell, for eat, or wear-small wonder that from the poorest coolie to the Great Taipan it is the subject of much speculation, much argument, and much worry,
untional
After making due allowance for increased capital and depreciation in the value of the dollar, I think you will all agree that the Bank has a record to be proud of and that its progress "during the last half century in fine monument to its management and a happy nugury for the future.
With these low remarks, Sir, I havo, great pleasure in scconding the adoption of the Report and Statement of Accounts now before this meeting.
MR. BEAVIS.
"THE DIRECTORS FEES.
Gentlemen,-In view of the fav urable report of the past year's working of the Bank which has been
rise to make, in regard to the pay presented to us to-day I feel con- vinced that the resolution I now ment of the. Directors' fees, will meet with your approval:
The resolution which I am now proposing is that the fees of the Directors of this Bank shall be the sum of £5,000 sterling or its equiva date of payment instead of the Hong Kong currency, at the existing fees of $50,000.
lent
.
1
1931 RACE MEETING
TIFFINS AND TEAS
on Service Daily in
the
NEW RESTAURANT, PUBLIC STAND
Tiffins-12.30 to 3 p.m.
Teas 3.30 to 6 p.m.
THE HONGKONG & SHANGHAI HOTELS, LTD.
Undoubtedly when the last in crease of the Directors' fees was voted no
one anticipated such a depreciation in the dollar as we have seen, but the recent disas trous fall in our local currency has upset all calculations, and in con- sequence, thereof the amount paid in Directors' fees is out of all pro- portion to the amount distributed
remind you that the fees of the In moving this resolation I may Directors were originally 820,000 per annum and in the year 1804 these fees were raised to $30,000. In 1091 the fees. were increased to $80,000 per annum, and when the dividends whether looked int motion for such further increase was
from a gold or silver peint of view It is only reasonable, therefore, that the remuneration of our Dirre. fors should be reconsidered and should be placed on a more satis factory basis, not only in view of present conditions but also ay an acknowledgment of the work done and ability displayed by them in
passed it was pointed out that the capital of the Bank had been doubled and that its liabilities had increased nearly four fold, and since that date there has, in spite of the difficult times through which we
I rather think I voice the popular conclusion when I say that the Lenders and Rulers of this Modern World, of ours have made a great mess of their responsibilities.
Inept politicians plus greedy finance have together brought this hyper civilised globe to the very edge of an abyss-and it will require super skill and in-have passed, been a further sab telligence to arrest further orash. stantial increase in the Bank's lngpiness and prosperity.
Perhaps silver may afford a clue activities, as we are all aware. · to the restoration of the world's.
Half the population of the world still uses silver as its money metal.
metal which neither moth nor rust can corrupt and suitable in every way for metallic tokens.
their condues of the business of the Bank. As the greater part of our, dividend is paid in sterling and a large proportion of our earnings (s in gold, I think it is only proper that our Directors' fees should ba paid in sterling also. I bog, there- fore to move the following resolu tion:--
"That the animal foo of the Directors the Hong Kong and the sum of £5,000 instead of the Shanghai Banking Corporation be exinting fee of $50,000."
This resolution was seconded by Mr. J. H. Seth and was carried un- animously. This concluded the busi tires of the meeting and the chair- man announced that dividend war rants would be ready to-day (Mon- day)..
CLASSIFIED ADVERTISEMENTS.
PREMISES TO LET.
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GODOWN TO LET.
BUMPHREYSG PHAYA MART. Solidly соп
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China's railways. According to the terms of the Bill, Bome £7 millions -half of it ready money-will be spent in the United Kingdom for the purchase mainly of railway material, while most of the balance of £4 million will be free to be The rendition of Weihaiwei on used for railways and other public October 1 of last year and the agree is regarded as an investment even- Concession at Amoy marked a fur- works, though the whole "amount ment for handing back the British inally recoverable from profits to ther stage in China's recovery of Eusid ng a fund for education and foreign-controlled territories. A similar purposes. This solution demand is reported to be already providing, as it does, for China's on foot for the rendition of the nogt urgent needs on both the remaining foreign concessione nt physical and intellectunt planea, Hankow." As regards the supreme
the same tinte belping our nt
In India, the savings of n life question of the status of Shanghai, own country in dealing with un the only event to record is the nd-time frequently take the form of employmentdeserves to be warmly dition of two more Chinese members articles made of silver. In Chinn weleoned in both the countries eonto the Municipal Council of the silver has been used as measure cerned. I will only add a word of International Settlement, bringing of value for some 2,000 years. congratulation to our Hong Kong their numbers from 3 to 5. The
I was a dangerous step to legis-
TTRACTIVE Threo University on receiving a grant of
lale for the elimination of the
Rcom ol LODOWN To Leb on MAIN ROAD report under preparation by Mr.
FLATS £205,000 from that part of the Justice Feetham, who has devoted white metal and thereby help to accumulated fund which is being the past year to his study of the cause its debasement in price. The
BUILDINGS, KOWLOON, All Modern stractel Two Storey Building. Ares Convenience. Also Six Roomed 5,000 square fest, Rassonable rent applied forthwith to educational conditions, will no doubt grently consequence of that policy are not abjerts.
assist the Council in attacking the yet fully apparent, but the trade HOUSE in MINDEN AVENUE-Apply Apply to Box No. 338, ajo Hong Kong. serious problems which the rapid balance of the world must be alter-HUMPHREYS ESTATE & FIN Daily Press, The danton-Hankow Line.
ANCE Co., Ltd., ÄLEXANDRA BUILDINGS, growth of Shanghai and the poli-ed, and that aot in favour of the
[3 The portion invatable in rail-tical developments of the last few West, I should say.
POSITION WANTED. Hong Kong Daily Press, waya is likely to be devoted--we are
years have brought into being and given to understand-to the linking will also, we may hope, help in up of the Canton-lankow Railway bringing into acord Chiness and foreign views. I think that I should The completion of this trank line, of great benefit to Chinn on politics! not be wrong in saying that during no less than economic, grounds, the last year or so, the state of
All these facts must be well- will bring to fruition the plans feeling has become increasingly taken in and more than twenty propitious for an amicable agree-known to those who control our.
mortal destinies and, for my own&Co., LTD. years ago by our Bank and its as
part, I can only hope that what I sociates in the Hukwang Railways Loan. Unfortunately, the part of
should call the silver catastropho may yet be ameliorated by prompt the country through which the line
and wise international action. mast run is in the heart of the
That it is possible to riso superior ROAD, KOWLOON.
NO LET-PRINCE EDWARD communist trouble and little enu
to circumstance is evidenced by the
4 Boomed accomplished until intter has hern draft with and the districts
Report now before, you, and 1 and Garage. Apply to: CREDIT Situation in Hovo Kp10.-Parti NO COURT, Good I FLAT with All
Mr. Grayburn and his staff on the FONCIER
D'EXTREME ORIENT, colare, apply P. O. Box 1023, or Box 763, excellent achivement of his first 4th floor, FRENCH BANK Borzono [295 4/0 Hong Kong Dolly Press. [760
restored to order.
Looking at things as a whole, if China can now maintain pence and political stability, she should on be able, with international assist ance, to tackle effectively her three major, and interrelated problems: the consolidation of debt, the dis, bandment of excess soldiery and the reconstruction of railways and other means of transport. The "if hinges not a little on the outcome of the forthcoming People's Conference.
Extra-Territoriality.
mont.
Development Possibilities.
I believe I am correct in stating that the price of silver, for inany scars, has fluctuated slightly in advance of commodity prices-and, therefore, it seems in some measure to be a trade barometer.
J I have deferred till the end of my speech a few remarke which I have to make about the prospects, for China's trade development in the years immediately ahead. The out- political conditions that it seemed best to deal with the latter first. If un agree, as I personally think year of offices, most difficult and strengthens the chances of peace we may, that the record of last year trying year it and order in China and of a stable of his present indisposition and we
It is with great have been.
regret wo learn government able to take in hand must all hope, for his speedy and. the work of reconstruction, the complete restoration to health. trade prospects are immense. No So many of us old China part of the world compares with hands" depend in a large measure China in the virgin fields which it for our incomes on the success of offers for growth of trade, chuan province alone, rich in I am sure you will allow me to Sze this great British Institution that
make the following remarks which will certainly be endorsed by all shareholders
..
I would like to express our thanks to the many branch officers and staffs of this Bank. From Arctic Harbin to sultry Singapore they guard our interests in fair weather and foul, both political and atmospheric.
Many of them are personal friends of mine and much kindness and hospitality have I received during a long business career in the Far East.
natural resources and with population of at least 80 millions, has hardly begun to trade with the I must now pass on to the subject outside world. Restoration of the of the abolition of extraterritorial railways and some few hundred rights. This vital subject has for miles of new railway construction several years past been faced fully would have enormous results. It is and frankly in speeches from this true that China may quickly de- Chuir and I shall follow the pre-velop industries to supply much cedent set by my predecessors; to that she now imports from abroad, burke discussion of the question on account of its manifold difficulbut other examples show that this ties is, I think, a mistake.
process has the effect of expanding Our overscas trade, though, naturally general attitude towards abolition altering its character. A rendy was defined by your Chairman last adaptability to the changes of the your and I need not repeat his re times is one of the greatest needs ninrks. The past twelve months for the foreign trader with China, have brought us, however, much closer to the issuer Negotiations
Soviet Damping. between China and the principal Meantime among the threatened foreign Governments are proceed- changes there is one which. I think, ing, the Chinese Government have deserves special mention. The China Banks and dwindling share valuca In these days of foundering declared their intention of settling markets are not exempt from a the question in the early part of danger which is looming up in
all over the world, it is enme com- this year and thers is not a little any parts of the world-namely, the Hong Kong and Shanghai Bank fort to feel that shareholders in reason to expect that the matter Soviet dumping. (I use the word have comparativo security and may come to a head before the date in its loose sense of landing goods peace of mind-they can leave the of the People's Conference in May, to be sold at under-cut prices), worrying to the able executive that If, when at home, they will call
kedagitimate the alsnes, aiddir dengan when
guide ile operationu The need for revision of the treaties The percess has started already and the ill reodiva the utmost “assifi nese people to sea it effected are possible rapid development How ano and the latest available infor
facts which we recognize, and the to deal with this danger of having mation on all subjects of enquiry problem from our point of view is the markets of the world flooded with-placed, st their disvorm: *
one' of securing fair and reasonable 1 by Soviel goods produced and
SERVICE TO READERS,
THE HONG KONG DAILY PRESS, LTD., and the HONG TONG WEEKLY PRESS, through their London Office, at 33, Fra Berat, E.C. 4,- are prepared to give Subscribers and Visitors advice regarding accommodation available motoring facilities, altable shop ping centres, eta
a
Our gratitude is due to them all, and our appreciation should be marked by such liberality as may. tion of the Bank. be justified by the financial posi
would comment to the atten- tion of shareholders the following remarkable comparison of figures in connected with the balance sheets of this Bank
experienco, is
[335
in
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