THE PROBLEM OF
LEISURE
HONG KONG DAILY PRESS, WEDNESDAY, FEBRUARY 21,
DAIRY FARM REPORTS GOOD
YEAR
Business Man Of The Future Two New Chilling Stores
INTERESTING TALK BY REV. E.C.H.
fi
TRIBBECK AT ROTARY
CLUB
An entertaining address was delivered at the Rotary Club yesterday by the Rev.E. C. H. Tribbeck, the sub. " ject chosen being The "Problem of Leisure."!
Mr. T. B Wilson presided over the gathering and amongst others whom he welcomed was Sie Williain Shen-. too, who returned to the Colony on Monday.
A brief speech was given by Mr. M. K. Lo relative to 4 impromptu visit which he made to the Children's play. grounds in Kowloon. He said that he accompanied Sir Thomas and Lady Southorn to three grounds and on each found a number of happy children using the swings, sea- saws and indulging in other games and the sight of these poor children having, a little playground to themselves. made one feel that the money spent on the cause, worth while. He appealed to Rotarians in connection with their support to the scheme.
"NO LEISURE FOR VOTERS
Rey," Tribbeck said;--
piece, and what you believe about
Economic.
A parson's life to-day tends to one will affect the rest. It must become more and more complicat-be a well-informed opinion to pre- ed and isolated. And, in a sense, vent collective panic. you may take the parson as typi- problems are such that they de- cal of the Church, I won't go into
teriorate eyen while they are being the reasons for it-they will arise discussed. To quote the author, from the answer which you would "Why to discuss the credit of an give to my question if you think institution it is worth answering.
The question is, do you really know anything in life to-day "which can make an average fellow
-in civilian life or the Service- feel that his job is really worth while? If you do not, and there is "nothing, then. It seems to me. is a parson's soul lost indeed, for the whole assumption of his life is that he knows just those values to which all others are related, that he knows at least some of the truth which makes men free, that his gospel tells of the one Absolute which is a fit inspiration for all the people all the time-in short, that were we given a chance we could help to make Ufe a thrilling exhilaration,
Perhaps some of you will re- member that just over two years ngo you kindly asked me to give you an impression of the human side of unemployment as I had seen it at Home. I tried to tell you of the mental waste and phy- sical decline, and other social pro- blems that were the result of it. To some extent I have found the sume Broblem-though perhaps less acute-in Hong Kong. So I have been thinking about it ever since.
In fact the thing has been oc- cupying many people's minds, until it has attained the dignity and status of the word "problem.
But there is a curious thing about this and this is from being the question of unemployment it has become "the problem o!
leisure."
or a country iske mentioning or discussing a wo- man's reputation, even to talk about it incidentally is to do it no good!"
Lucky Hong Kong
So you see you may thank Hóng Kong for saying you the trouble of being a voting member of a democracy! Those who are in-
At East Point
INCREASE IN DIRECTORS' FEES AUTHORISED
PROFIT OF HALF A MILLION
DOLLARS IN
1933
A successful year's work was reviewed by the Chairman of the Dairy Farm Ice and Cold Storage Company Limited, Mr. T. E. Pearce, at the Annual Meeting held yesterday.
That the Chinese community were begin ding to realize more and more the value of dairy products in their dietary was one of the reasons which contributed to the satisfactory working results. It was indleated that the new chilling storage at North. Polṛt, which will be ready in about two months was the biggest and best Installation in the Far East.
More cows will be imported during the current year, of which 40 will be of the Jersey breed. The health of the company's cattle was excellent and during the year the yield was well main- tained.
At the proposal of Mr. N. V. A. Croucher, the Director's re- muneration was increased from $7.000 to $10,000 for the year com- pleted. Following the Annual Meeting, a special resolution was · passed alterating permanently the Director's remuneration to $10,000 instead of 87,000.
DIVIDEND AND BONUS FOR SHARE HOLDERS
Supporting the Chairman were
Dividend of $1.50 Messrs. J. P. Warren and R. Gordon The net profit for the year in- (Directors), A. Stevenson (Mana- cluding the sum of $62,651.40 ger)" and J. D. Thomson (Secre- | brought forward from last year's
The following shareholders account amounts to $579,984.13. tary). were also present:-Messrs. D. L. It is proposed to deal with this McWhirter, H. W. Page, Lo Kai sum in the following manner:- Wing, Chan Nai Pan, J., D. Danby, Pay a Dividend of $1.50 F. Austin, N. V. A. Croucher, W. Macfarlane, H. C. Watson, 7. S. Balley, B. W. Bradbury and Mrs.
per share on 251,430 shares absorbing." $377,145.00 Pay a Bonus of 25 cents per share on 251.430 Addressing the meeting. the shares absorbing Chairman said:-
Add to Cattle Reserve ... Gentlemen, The Report and Ac-[Add to General Reserve counts having been in your hands Carry. Forward for the prescribed period I will, with your permission, take them as read.
terested in a way out of this pro-Yeung Yuen Shi blein-other than the revolutionary method at dictatorship by Sir Stafford Cripps and others will and an interesting chapter in William McDougall's "Ethics and World Problems."
There ain't going to be no leisure for voters."
less leisure for business men. Why But there is going to be even
It looks to me as though business men will have to spend all their evenings and week-ends at a sort of night school. For just think of all the things you must understand in the future before you can stand behind a counter. "The widening
of markets, the intensification of
competition the immense extension of limited lability, the applications of science to industry, the grow- ing claims of labour, and the in- creasing tendency of the State to regulate industry.
These are all questions of econor mics-they say nothing, of inter- national politics, of the,bsychology of salesmanship, and then you should see the education which is outlined by the economists of to- day before you can begin to think of any of these things.
J
No, in the sense of the word as Now the idea of unemployment spare time, there ain't goin' to be
no leisure for you, as tetsure is quite new to me. If enforced idleness is leisure then I hope I shall never be a member of "the leisured classes."
62,857.50 50,000.00 25.000.00 84.981.63
8579.984.13
I think you will agree that the Balance Sheet before you to-day is commendable and reflects highly on all concerned with the Com- pany. A
In hoje these appropriations meet with your approval. In view of the excellent showing. I trust you will approve a bonus of 15 per bright feature of our
cent to the Staff.
animals, was excellent throughout the year and that the milk yield was well maintained. I venture to say that so long as our milk main- tains its high standard of quality and is placed on the market under the present system of hygienic precautions and careful superyi- sion, it will continue to enjoy its deserved popularity. To meet the ever increasing demand Share- holders will be interested to know that orders have been placed for the importation of 77 more cows, 40 of which will be Of the Jersey breed. These are due to ar- rive within the next two months."
Pigs. ル
This herd has also enjoyed ex- cellent health conditions and num- bers 1,072 head. A good demand exists for our Farm fed Pork as it is considered to be somewhat of a delicacy in these parts.
Farm.
Our Farm still continues to be a source of much interest to re- « sidents and visitors to the Colony from whom we have many very satisfactory reports, There have been few extensions to Farm bulld- lags during the year, only one new Cowshed and an extension to our Ice Cream Factory having been erected. The demand for our Ice Cream throughout last season
has proved the necessity for a fur- ther extension which is now in hand.
I do not think there is anything further to add so with these re- marks I beg to Sippose the adop- tion of the Report and Accounts- and after they have been seconded I shall be pleased to answer any questions Shareholders máy wish. to ask.
יוד
1934.
Excellent "Management Mr. W. S. Bailey: Mr. Chairman. Ladies and Gentlemen, We can congratulate ourselves on the ex- cellent management of our concern revealed by the report before us and by the speech of our Chairman. I think the position of the Com- pany to-day reflects the highest credit on the star, management ! and directors. I beg to second the adoption of the report and ar- counts..
Mr. F. Austin asked what had happened to the suggestion made two years ago that the village near the Company's bottling house may be cleared away. He had recently been in that locality and found that it was very much the same as two years ago. There were a lot of mosquitoes there and he would!
like to know if the Directors had taken any steps about it?
The Chairman. replied that the
Company had approached the Gov- ernment on one or two occasions to have the village removed but the authorities had not been able to help the Company up to the pre- sent time. The directors might
bring the matter up again before the Government.
year's trading has been the in-
Ice and Cold Storage. creased derhand for milk and other When addressing you a year ago dairy produce including ice cream, my predecessor in the Chair re- Indicating quite clearly that our ferred to the increased ice tankage Chinese friends are realizing more and storage accommodation at our and more the value of dairy, pro- East Point Works. These works ducts in their dietary, and I would were completed in April last and say that it is this condition more are giving entire satisfaction. As
Director's Fees Increased. than any other which is reflected a result of the increased accom- Mr. Croucher: Before the busi- in our accounts to-day.
modation we were able to meetness of the Meeting is carried fúr- without any difficulty the demand ther I beg to propose that as was for Ice throughout the Season. the case last year, the sum of $3,- Despite the increased number of 000 be paid to the Directora by mechanical refrigerators on market the demand for household ending December 31 last. I am Ice has been well maintained and glad to note that it has been de- with the development of the Ice cided to alter this company's arti-į. Cooling system for Theatres and cles of association in order to in-. other Institutions it is essential crease the fixed remuneration of Directors at $10,000 as against 87,000 which has applied during the past year.
Had our export and shipping business come up to the figures of last year, the results might have been even better than those dis- closed in the accounts placed be- fore you to-day.
The policy of your directors has been reasonably optimistic and several progressive steps to which
THE
PEMBURY
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reference will be made later, have that we keep abreast of the times; been taken during the year. II assure you that your Directors hope you approve this policy, and and executive fully realize this. The demand for 'Cold Storage ac- commodation, especially for such commodities as Fruits, Vegetables and Eggs continues to increase, with the result. that. It has been
Mr. Danby: "I have much plea sure in seconding, #
that when the next annual meet- "High-Class" From this awful infinity of uning takes place, the results will be
reflected in the accounts, knowns, I turn in thought to the little old 13th century shop in one of England's oldest cities where my father followed his trade as & Jeweller and watchmaker, and when I learnt my trade from the humbling process for an ex-gram- mar school boy of scrubbing the floors and cleaning the windows You may have noticed that under pleted within 2 months time. I am to the incredible dignity of setting
the heading Depreciation, Build-sure the expenditure incurred in position of Lawson Wood's little a gem and repairing the minutestngs and Property Account, the this connection will be fully Justl-
watches. How proud we were of sum set aside this year is lighter fled. our sign "High-class repairs by than it has been since 1930. The
If you will refer to the Profit and Loss Account you will find that the balance transferred from considered advisable to add 2 meeting consisted of "the Working Account amounts to 8807,- Chilling Stores to our East Point more installation. These. Stores, repre- 587.41 which is $52.000.00 than was shown in last year's ac-senting the last word in Cold counts,
Storage" design, should be com-
The fact is that surely we have gone astray on our idea of leisure. Ideas of Leisure The commonest idea of leisure is that it is spare time. And if this is the right idea of leisure, and if we are looking to the life of the future to give it to usin then I think we are rather in the
re-
The proposal on being put to the meeting was carried unanimously. The remaining business of the election of Messrs. J. P. Warren and W. G. Goggin to the Director- ate. On the proposal of Mr. K. Austin, seconded by' Mr. H W. Page, the re-election was carried.
Messra Percy Smith, Beth and Flemings were re-appointed audi-
monkey who is looking hungrily
tors. That concluded the business It may interest you to know that of the annual meeting. to the old monkey who is chew-skilled workmen on the premises position here is that one of the when the new stores are completed Increase in Fees Confirmed ing a luscious apple and from How we despised economizers who Company's principal properties the, total storage capacity of our At ал extraordinary General whom the little monkey receives gold clocks, druggists who sold
now stands at a very favourable East Point installation will amount meeting which followed. Directors' the appalling categorical that
figure in the books and it is not to 500,000 cubic feet. I have it on fees appearing at 87,000 in the Ar- "There ain't goin' to be no core."Jewellery, and how we vented our ire upon mere fortune seekers who
considered necessary to depreciate good authority that we have by | ticles of Association was altered to "There ain't goin' to be no leisure" were not "practical" men, who had
It further. Your Ice Plant, Ma- far the biggest and best Cold | 810.000. In proposing the special for us in the future,
fixed assets Storage installation in the Far resolution relative to this, the In one of his latest books Sir never served their time and yet chinery and other
dared to open jeweller's shop. . .
have been depreciated on the same | East.
Chairman said: Josiah Stamp, who I believe s
And yet, it seems to me, that scale as in the past and although Reverting to the Cold Storage Your Directors feel justified in Chairman of the L.M.S. Rallway, as I held up a piece of metal that a smaller sum has been spent on Installation at 38 Connaught Road, bringing forward the request for discusses the Democratic Hope. I had filed into shape, or polished Repairs and Renewals this year Central, after negotiations of a additional fees as during the last From this it appears that even to or engraved, or as I listened to the than last I would assure you that somewhat protracted nature the 2 years Shareholders have them- be a voter in a democracy of to-healthy tick of a clock that I had all our Buildings, Flants etc., are purchase of this concern was com-selves at the annual Meeting voted day. we must have 盒 pretty set going again I seem to remem- being kept to in the usual high pleted in September last. It seem- an increase for the particular year's thorough knowledge of economics. ber that. I smacked my lips with state of repair and efficiency.
ed to your Directors désirable to work Furthermore at the last For not even the humblest house a satisfaction and a thrill that is
have an installation in the Central | Annual Meeting Shareholders un- wife will admit ignorance On rare and hard to come by. I wanıt
part of the City to cope with the 'animously requested this matter be economic questions. Everyone to suggest to you that we could
You will observe that the sum of business offered by market dealers dealt with by an alteration in our reckons to have an opinion on make for a definition of leisure 810,000.00 has been placed to credit and others for short period storage. Articles so that the Directors of many economic subjects and since along some such line as that.
of Bad and Doubtful Debts Reserve. I am pleased to say the purchase the Company. should receive a they will have their opinion and Leisure is welcome work, Leisure Unfortunately the writings of this has proved satisfactory and as the larger fixed remuneration. will hold to it tenaciously against involves the right to choose your
year have been heavier than for installation is capable of expansion. I may say that no change in the even · expert opinion-who,
work.
some time with the result that the it should prove a valuable adjunct fixed remuneration of Directors instance believed Mr. Keynes when
“We've Got To "Go Da”
balance of the old reserves has to the Company's business.
has been made since 1918. In the he said that one of the ways to
I know that someone will object been fully utilized.
The new branch in solve the economic crisis was to that there is work and work-and
the St.meantime the authorized Capital I propose to deal with only one Francis building has fully justified | of the Company has been increased spend, spend and spend?
that if I knew what work is to- more item in the accounts, ie, the | itself, proving as it has done a from $855,000.-to` 82,250,000,` Why, in the same paper, which day in business I would know that issue on the 15th September last of boon to many of our customers In view of this and bearing in quoted Mr. Keynes, I read of the it never could be welcome. Well, 1.430 fully paid up shares. These many of whom have reported most mind the fact that the Company wonderful record of thrift in Lan-far be it from me to set my job shares, I may say, form part of the favourably.
has been able to maintain its cashire, that it was the best county against yours-though it has often payment to
Cattle.
Dividend and Bonus to Sharehold- in England for saving, and that been said to me, "Padre I wouldn't Storage Co. Ltd., for the purchase when depression was keenest in have your job for a fortune."
If you refer to this item under era, I hope you will support the county-then did the Lan will admit that a parson gets very
of their plant together with the the heading Assets you will note proposal... cashiremen most stint themselves little leisure in the sense of sparemises at 38 Connaught Road, Cen-
transfer of the lease of the pre- the sum of $143,613.85 has been I now beg to propose that the added. This sum represents the | Special Resolution read “by the to saves-since then every voter time, but in the sense that he has tral Some of you may have noted cost of 74 imported cows plus the secretary be adopted. will have his opinion on some chosen his work it is constant that our name now appears over value of our own bred heltérs Mr. Croucher seconded and the economic question it is vitally leisure. But I cannot and will not these premises. The issue of these transferred to the adult herd aur-resolution was put to the meeting necessary that it should be a well-belleve that the work of the future shares represents part payment ing the year. I have much and adopted informed opinion, not only on is going to be mere toll and com- only, as in addition the sum of pleasure in reporting to you that The Chairmans, Thank you. some economic questions, but in plicated confusion. all-for the crisis has taught ús
860,000.00 was paid to the vendors. the health of our herd, numbering gentlemen, that is all the business. that economic facts are all of
I shall refer later to this purchase. on the 31st December last 1,052 for fo-day.
the
for
(Continued on Page 11)
Bad Debts.
J
the Hongkong Cold
iF
j
Ice House Street.
Tel. 21822.
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