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HONG KONG DAILY PRESS, TUESDAY, APRIL 11, 1933
THE PHILHARMONIC
SOCIETY
President on the Terms of Membership
DIFFICULTIES OF PRODUCING GILBERT AND SULLIVAN
The annual meeting of the Hong Kong Philharmonic Society was holl yesterday in the Cathedral Hall, Major H. B. L Dowbiggin, O.B.E being in the chair.
The notice convening the meeting- having been read the chairman addressed the meeting as follows:
The President in his speech last year stated that the balance at the Bank was 823.70, You will see from the accounts that the surplus. is now $113.74. A large number of Grdinary members are, however, in- cluded in the Sundry Debtors, and as it appears that there is some inisconception regarding the finan- cial responsibility of members, some of whom think that when they do not take part in a show that they should not be called on for their subscription, will read the rule dealing with the matter. Rule 23 rends, inter alia. The annual sub- scription for ordinary members of the Society shall be 83 payable as from March 1. I hope that this will make the matter clear, and that those members who have not paid their subscription for the past year will do so as soon aa possible, Membership.
As to membership, you will see that the number of Vice-Presidents has dropped by three, and I should like to thank these gentlemen for their support of the Society. The number of subscribers remains the ame, ordinary members, however, have dropped, but still remain over ane hundred. In this connection, may recommend the advantages of becoming a subscriber. The sub- scriber pays $12 per anuum and receives two tree tickets for one performance of each opera or con cert given, with priority of book ing:
|
SPIRITED PROTEST BY
SHAREHOLDER
DIRECTORS SHOULD NOT ACCEPT THEIR FEES: ALLEGATION OF
NEGLIGENCE
GANDE PRICE EMBEZZLEMENTS
RECALLED
Speaking at the Annual Meeting of Messrs, Gande Price and Oompany, Limited, Mr. O. Bond, in criticising what he described as ' "the negligence of the directors," said that in his opinion they were not justified in accepting director's fees for the year. Mr. Bond referred to the defalcations by Messrs. Gande Price's Japanese Harbour runner and said that as the directors, through their neglig ence, have caused chareholders to lose over $24,000, they should not charge the company their fees.
The meeting was presided over by Mr. Kenneth Chan. Others present were Messrs. Leung Yan Fo, Wong Sik Chung (Directors), Chau Tung Sang, B. H. Phillips, John Fleming, D.. Rumjahn, 0. Boni and J. N. Wong (Secretary),.
NO DIVIDEND FOR SHAREHOLDERS
Mr. D. Rumjahn, seconded the adoption of the report and accounts. Mr. Bond's Questions.
The Chairman, addressing the questions shareholders may care to meeting, said: Gentlemen, The ask. Statement of Accounts has been in your hands for sometime past, I will with your permission take them as read. I and my co-directors are ex-
Mr. Bond: With regard to the tremely sorry that Mr. S. C. Pank, $24,000 embezzled by your Japanese our late Chairman and Managing-salesman.. That was carried on for Director hus resigned from the a period of several months. What Board as from the 7th February I want to know is, what steps the Inst, for he would be better able to directors took to find out why give a fuller explanation of the no-these accounts, owing by two such counts and no doubt explain the big firms, were outstanding for so very unsatisfactory result of the long? Why were steps not taken year's working. I can assure you to ascertain why these accounts were that no one is more disappointed not paid t than myself with the statement be fore you, but I am glad to inform you that the business methods have been entirely re-organised since the latter part of last year.
.
The Chairman: Our late manager, Mr. Pang, did not bring the ac counts forward until it was too late. You, being the manager then, should have reported the matter to the Directors, but both of you said
Your directors regret very much the defalcation of the Japanese-nothing!
Mr. Bond: It is quite nice of you Harbour runner which amounted to
to say that. Did you know that I 824,828,04, as the sum involved is a large one, your directors thought it told Mr. Pang about this matter You have a Euro- bo effect a change in the manage several times.
peaa Harbour runner and you go ment which has been carried out. Mr. James N. Wong has been over his accounts monthly and follow appointed Secretary, and Mr. Rup the outstandings. Why was it P. Phillips, Sales Manager. Mr. Phillips has been wholely connected with the wine and spirit trade for the last 35 years, 27 of which have been with the Far East, and his joining the firm will contribute
"The Fountain of Youth" caused great diversity af opinion, proving enjoyable to some and not to others. It wih he seen, however, that apart from the cost of the theatre, it was by far the cheapest show the Society has put on since 1024, and in considering any further produc tion, this factor must be considered. Mr. Sweet was unfortunate in that his production was not better sup- ported, and both he and Mr. Hill deserve our heartiest thanks for all the hard work they put in. (Ap-January last. Your directors have plauso.)
Our thanks must be again given to our Advertisers for their con- tinued support and to the Press for assistance so generously given.
Question of Theatre,
It will not be possible to use the Theatre Royal Stage again for re-
no one saw fit to inquire into the outstanding accounts of your Japan. ese runner when he has no bord to secure him. The frms owing the money are just next door, yet no one saw fit to inquire?
materially to our future prosperity. The Chairman: If you had told
Mr. S. C. Pank, our late Manag.about matter. ing Directors, retired on the 31st.
appointed me the Managing Direc
tor in his stead, and I trust with the co-operation of the staff, in whom I have every confidence, that the business will improve in the very near futura.
Business Improving.
Mr. Bord: I told the Managing Director. Is that not enough?
The Chairman: But he did not tell us.
Very Negligent.'!
Mr. Bond: I think the directors were very negligent and 1 don't think they are justified in accepting the Directors' fees after the way shareholders have been treated.
The Chairman: I am very sorry, but as I say the matter was not passed on to us.
hearsals, and the question of future not diminished, rather we have re- Our business on the harbour has activities will have to be carefully tained our orders, and the number considered by the incoming com
Mr. Bond: It should have been! nittes, as it will be practically of ships served has materially in impossible to rehearse opera' effi-
creased. On land also, business You are the directors and you ciently unless some other place than that had previously been neglected, should have found out. This Japan- the Cathedral Hall can be obtained. that is, the Clubs and Hotels of these
The question of producing at the Colony, has now been sought and King's Theatre again will also have obtained, and you will be pleased to to be gone into, together with the hear that most of our more import
ossibilities of doing fewer per-ant agencies, especially John Haig formances and other adjustments Whisky, are now on sale in prac which can be considered in the light tically every Club in the Colony. of our past experience.
pro-
balance of
was allowed to carry on for several months, without anybody saying a word.
The Chairman: As I have said, I
am sorry Mr. Pang is not here to answer your questions.-
to lose shareholders' money. Mr. Pang used to run the show and other people were just figureheads. You didn't know that, I suppose?
The Chairman: It was not brought forward1
Mr. Bond: I am sorry too. Why is he not here Anyhow, you pro With regard to a possible.
With regard to the Accounts, the the Chairman and you should be in duction, I understand that a large trading profit for the year under re- a position to answer questions. You number of our members are in view was $3,482,42, but after deduc-have kopt this matter for nine favour of a Gilbert and Sullivan tion of $24,820.04 arising through months and said nothing about it. revival, but I should like to point the defalcation of the Japanese I don't think you have done your out that the selection of an opera Harbour runner, there is left a nett duty by allowing the managing depends entirely upon the ability loss of 821,343.02, which has to be director to carry on as he did and of the Committee to cast it, and a deducted from the there is, a far as we know, no tenor in the Colony capable of aus- $28,042.03 brought forward from 31st taining a Gilbert and Sullivan part, December, 1931, leaving 85,500.31 ht it appears that it will be difficult the credit of Profit and Loss Ac. to produce one of these operas It count. In the circumstances, your is considered that A Country directors recommended that no Girl," which does not require dividend be paid, but that the tenor imight be possible, but this ie Profit and Loss Account balance of a matter which the new Committee $3,599.31 be carried forward to next will have to decide, suggestions, ecount. however, will be gladly welcomed from any member of the Society, In conclusion, I sincerely trust and we shall be glad to receive the that our next Baliace Shoct will be names of any Singers in the Colony very much better." With these few The report and accounts were who are willing to assist the Society, remarks, I have much pleasure in then put to the meeting and car-
I will close by thaaking Mr. Best, proposing the adoption of the Re, ried unanimously. our hardworking and efficient Hon, port and Statement of Accounts as Mr. Wong Sik Chung wae re-elect: Secretary, for all the work hp hao presented, and after they have beared a director and Messrs. done on our behalf, Mr Buchanan seconded, I shall be pleased to an Bingham & Matthews. who put in much work on our finer to the best of my ability any ed auditora.
ances, and the members of the
Comp- mittes for their services. (Ap- plause.)
The motion for the adoption of the report and accounts having been seconded by Prof. W Brown was unanimously adopted.
Election of Officers.
The following were elected to serve as officers of the society:
2
Mr. Bond: It should have been The Chairman: Thank you for your criticism.
Mr. Bond: 1 think you are not justified in accepting Directors fees.
.
H K TELEPHONE COMPANY
FORMAL CONFIRMATION OF ing Director, shall be paid by way of remuneration for their services RESOLUTION
the sum of 83,000. per annum in respect of each Director, Buy re- An extraordinary general meet-muneration thall be deemed to ac ing of the Hong Kong Telephoneruo de die diem,” be confirmed. Company was held at noon yester The motion was carried phalijibus,
President Major H. B. L. Dow-day for the purposs of receiving ly biggin, O.B.E..
Hon Becretary H. Owen,
Hon: Treasurer L Cale
Committee Mrk High S
HA Show
Dyour Hochard
(BBENT
It was agreed to leays 160 or of the Hoo.Conductor Bo Producer to the Chamitte. choice must depend in gr Esure of the type pl
which the Bociety, decided
a report of the proceedings of an Present at the meeting, extraordinary meeting held on the Hon. Mr. CGS March 19.
(Chairman), the Hon. 's
fr Mr Chow, the Hon Dr B conded by Mr. W.
resolution
will, Messrs A. L. Shields
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