“STEAMBOAT" COMPANY
MEETING
Another Adverse Year
Reported
Presiding at the annual meeting of the Hong Kong, Canton and Macao Steamboat Company, Ltd., held at the offices of tha Company yesterday, the Hon. Mr. M. K. Lo, in his address from the chair, reported a loss of $139,190 which, he explained, was accounted for mainly by the adverse trading conditions for the first half of 1936 coupled with the continued prevalence of smuggling which exacted a heavy toll from the Company's revenue.
Supporting the chairman were Messrs. Ll. Tss-feng, J. 2. Braga, Tung-fan Lo; L. B, Wood (directors) and Mesars. Wei Tat. 3. H. Lo. Kwan Yan-kwong, Hung Tsze-yee and Capt. W. E. Kirby (shareholders), and Mr. H. da Luz (Secretary), --
CHAIRMAN'S SPEECH
Addressing the meeting the
Chairman said:-
Gentlemen:-Before we proceed with the formal business, I would like to say how much the Directors regret that they have to record the death, which occurred on August 14, 1936, of Mr. C. A. de Roza. The late Mr. da Roza was a Director of this Company since 1930; and throughout this period took a deep interest" in the affairs of the Company. The Company sustained a great loss by his un- timely death.
|
HONG KONG DAILY PRESS. TUESDAY, APRIL 13, 1937.
NEW SOLICITOR THE GOVERNOR'S
DEPARTURE
ADMITTED
Mr. Woo Pak Yeung Colourful Ceremony
Arranged
will
Mr. Woo Pak Yeung, son of Mr. H. K. Woo, sole proprieter of the firm of Woo and Woo, solicitars, Considerable ceremonial
was
admitted to practise as a Lark the departure from the solicitor in Hong Kong at the Colony on Friday of His Excellency Supreme Court yesterday morning, the Governor, Bir Andrew Calde- Moving the application before | cott, KOMO., C.B.E., who is pro- the Chief Justice, Bir Atholl Mäo- | ceeding on Home leave prior to Gregor, the Attorney General taking up his new post as Cover- (Hon. Mr. C. G. Alabaster, K.C.) | nor of Ceylon. said that. Mr. Woo Pak Yeung was His Excellency and Lady Calde- one of two candidates who had cott are departing by the RMS. passed their examinations for "Empress of Japan" sailing at 12 which they sat in England. Mr. noon on Friday April 18. Woo was the son of Mr. H. K. Woo."the sole proprietor of the form of Woo and Woo, formerly in partnership with Mr. F. E. Nash to whom Mr. Woo Pak Yeung was articled. Mr. Woo passed a very good paper..
His Lordship said that it gave him great pleasure to accede to the prayer made on behalf of Mr. Woo Pik Yeung. Mr.
Hills Excellency and Lady Calda- cott will leave Government House shortly before 11. a.m. and proceed by car to Queen's Pler via Garden Road, Queen's Road, Jackson Road, and Connaught Road arriving at Queen's Pier at 11 am. They will be preceded by a motor cycle es- Cort provided by the Hong Kong Volunteer Defence Corps and the Hong Kong Police.
sistance which made possible the success of the innovation. The new service readily fond favour with the public, and it was not long before the lead set by us was followed by our competitors.
Woo's During the year certain sub-father, said his Lordship, was very
The route will be lined by de- sidies were paid to the Company's we'l-known to every occupant of steamers, both on the Canton and the Bench and his high protes-tachments from the 1st Battalion, Macao lines, but, subsequently the sional ability and probity had The Kumaon Rifles, 1st Battalion, Company suffered by the advent of rightly earned for him the high The Seaforth Highlanders, 2nd further surplus tonnage on the reputation he had in this Colony. River. The subsidies in question is Lordship hoped and he felt were withdrawn as a result there- confident that inspired by the of.
force of his example, Mr. Woo Pak Our agreement with Messrs. But-Yeung, would have a successful career terfeld and Swire, having expired, and happy professional. it has been renewed for a further here throughout.
Li
It is greatly regretted that we have to report another" adverse balance in the Company's accounts | period. The Canton Freight Pool, for the year ended December 31, † Agreement has also been renewed. 1036.
The loss for the year is $139,190.33, which has been trans- ferred to Profit and Loss Account, bringing the debit of that account, after deducting a transfer of $361.145.69 from the Investment Fluctuation Account and the profit on sale of the steamers Lungshan and But An during the year amounting to $39,412.65, to $236,134.97, Subject to your ap- proval.. "we recommend that this ampunt be carried forward to ja new account.
It may be explained that the sum of $361,145.89 which it is pro- posed to transfer from the Invest- ment Fluctuation Account, repre- sents part of a fund which your Directors consider available for 'writing off a portion of the deficit in the Profit and Loss Account.
When I'addressed you last year
I commented upon the unsatisfac-
Your Directors have been un- remitting in their efforts towards the economical running of your steamers. Cost of coal, oils and. other stores was, however, much higher in 1936 than in the previous year, and steamers' disbursements consequently showed increases,
The amount of $37.880.07, that] It is proposed should be written of the value of your steamers, re- presents the usual five per cent. of their book value.
SWATOW NEWS
Battalion. The Royal Welch Fusi- lers, and 1st Battalion, The Royal Ulster Rifles. On arrival at Queen's Pler His Excellency will inspect Guards of Honour provided by the Royal Navy, the 1st Battalion. The' Seaforth Highlanders, the Royal Air Force, and the Hong Kong Volunteer Defence Corps.
After inspecting the Guards of Honour Els Excellency and Lady Caldecott will say farewell to mem-
The bers of Councils,
Judges,
British Ambassador Senior Navy, Army and Air Force
14
Arrives
who will
Officers, Benior Officers of the Gov- ernment, the Consular Body, Re- presentatives of the European and ("Hong Kong Daily Press” Special) Chinese communities and their
wives. Swatow, April 2. "
assemble on It is many years since Swatow Queen's Pler. was last honoured with a visit After saying farewell His Excel- from a distinguished foreign dip-iency and Lady Caldecott wili em- The negotiations with the Chin-
lomat, but this week, the small bark on the launch "Britannia." ese Authorities for the registration British community were afforded As His Excellency steps on board the Company's properties to the pleasure of meeting His Ma- the launch a salute of seventeen Canton have at last been conclud-jesty's Ambassador, Sir Hughe guns will be fired by the Hong ed. We have received the new Montgomery Knatchbull-Hugessen, Kong Brigade, Hong Kong and title deeds but the official certi- KC.M.G., and "Lady Knatchbull- Singapore Royal Artillery."
Hugessen, who arrived here on As the R.M.S. "Empress of Tuesday on board H.M.S. Fal- Japan" steams down the harbour
of
ficates of registration in respect thereof will not be available for a
few months.
mouth.
BEACH & GARDEN
UMBRELLAS
IN FANCY COLOURED STRIPED CANVAS FITTED WITH BRASS REVOLVING JOINT TO TILT TO REQUIRED POSITION.
DIAMETER-6, 7, & 9 FT.;
PRICES FROM $40 to $100
LANE
CRAWFORD - LTD.
Yours
AT A PRICE YOU CAN AFFORDI
The House of Quality & Service
a salute of seventeen guns will be WEDDING BELLS
Towards the end of the year
'Due to toggy weather outside, fired by H.MS. "Suffolk." your Directors received a fair offer the Falmouth was not signalled from' Shanghal to purchase the until 11.30 am.. and she anchoredt
There was a maelstrom of life
RESERVED SPACE
A space will be reserved for the
trance to Queen's Pier.
tory position of the river trade. Iss. Lungshan and s.3. Sui An. As at noon opposite the British Con-public on either side of the en- expressed the hope, however, that the prospects of the steamers be-sulate with her guns firing a salute. the Company's affairs might showing recommissioned appeared re- some improvement during 1836. Imote at the time, your Directors, am sorry to say that this hope was after careful consideration, decided not realised and such Improve- to accept the offer, and the steam- ment as in fact occurred took place ers-were accordingly sold. only during the second half of the year under review.
POOR CONDITIONS Dealing with the first half of 1936. trade conditions on the River for
that carlier period were anything but satisfactory. Indeed, the out- look at one time was one of un-
(Continued from Page 1)
The bride looked radiant in a graceful gown of shimmering at the Swatow Club (Kakchloh) on
No traffle will be permitted to silver brocade with a long train, Tuesday afternoon when the popu- after 10.45 a.m.-Cars
move un or across the lined route and an overtrain of snow-white lar British Consul, Mr. G. V. Kit-
may be net which was held in place by a parked in Connaught Road (be-
Russian cornet of silver. She had son. and Mrs. Kitson, held a Tea- tween Jackson and Murray Roads) short puffed sleeves and the front party in honour of the distinguish-and Chater Road east of Jackson of the dress was very attractively ed visitors.
All the British resid-Road. No parking will be permit-draped from the shoulders, and ents were invited to the function, ted in Jackson Road or Wardley she carried a shower bouquet of and also many foreign and Chinese Street, north of the Statue. friends and Chinese officials. No less than seventy people attended the At Home.
SMUGGLING UNABATED Smuggling showed no sign of abatement, and the usual toll was exacted from the Company's re- venue. The devising of suitable measures to curb the activities of the smugglers continued to exer- cise the "minds of your Directors. relieved, gloom. Freight returns The seriousness of the problem will were at their lowest: sugar cargo, be better understood when it is on account of a change of govern-explained that, smugglers to-day arrangements made, and precau- mental policy, häd vanished. Ce- possess unlimited resources attions taken, during the short stay press of Japan" will return to ment and fertilizer shipments, for economic reasons, had been dori- siderably curtalled. Competition for the transportation of rice car- goes between the River steamers
POLICE PRECAUTIONS The Public Safety Bureau must be congratulated for the splendid
white and blush-pink.carnations.
SWEARING-IN CEREMONY
The matron of honour was Miss. His Excellency the Officer Ad- Melior, matron of the War Memor- ministering the Government after al Hospital, who looked extremely saying farewell to His Excellency nice in a dress of black crepe-de- air Adrrew Caldecott and Lady chine. prettily flowered in white Caldecott
and cher red, and a wide hat on the RMS. "En-
with a subtle note of cherry. their disposal with which to tempt of the Ambassador here.
Queen's Pier, whence he will pro- Two charming little girls were and " sécure services for their By 10 o'clock Wednesday morn-ceed to Government House, preced- bridesmaids, Flona (daughter of clandestine ends. We can only ing. the main maloos and bunded by a motor cycle escort provid-Dr. and Mrs. Anderson) and Pan- hope that this fact will be in were cleared as the Ambassadored by the Hong Kong Volunteer line (eldest daughter of Mr. and Owen Hughes) who and native junks became intensi-reasingly appreciated and acted was to attend a luncheon-party by Defence Corps and the Hong Kong Mrs. Harry
upon by the proper authorities. the City Mayor.
looked very sweet in "Kate Green- At this stage of the Company's At 12.30 p.m. Sir Knatchbull- His Excellency the Officer Ad-away" frocks of white organdie Hugessen, accompanied by the ministering the Government will spotted and sashed with pale to indulge in any prophecy. We British Consul, the former's Private take the Oaths of Office in the yellow, and carried stiff uttle old- are still beset by irresponsible and Secretary (Mr. W. G. Graham), and Council Chamber at 2.30 pm, when fashioned posies of yellow pansies uneconomic competition. There is, Cdr. Bradford of the Falmouth, ara salute of seventeen guns will be mounted on gold frills, while their the air; however, a feeling of optimism In rived on the band and were met fred.
hair was held in place by narrow the outlook to-day is by Mr. Mak (Counsellor to the
bands of pale yellow flowers. brighter than it has been for some Mayor) and Mr. Woo (of the For-
"FREE, SPEECH”,
Aed:
Owing to the surplus tonnage financial year it may not be wise
operating on the River at com- petitive rates, the understanding. reached with the Raliway Admin- istration, designed to prevent un- economic passage rates, on which I reported last year, could not be maintained. Passenger returns ac- cordingly received a severe set- back and, as a result, your Direc- tors, after careful deliberation, decided to give up the day service from July 1, 1936.
The less in respect of the period January 1 to June 30, 1936, amounted to $146,079.43, and it
Police,
tithe past. This is, at any rate, eign affairs Dept.). The party companied by the Mayor, the Chlef After the ceremony a very big
then drove to the Municipal Office where the Ambassador paid his official call.
something to be thankful for.
"I feel that I should not conclude this address without a word of ap- preciation of the services of the
THE LUNCHEON
their willing and whole-hearted co- staff, both floating and ashore, for After this simple ceremonial the party went to the Police Club operation in accepting the salary where the Mayor's luncheon party reduction effected last September. I was held. The premises were well was found necessary to realise the To Sir Robert Ho Tung and the decorated for the occasion, Some investments then held by the Com-Company's Canton Agents the forty people were present at lun- pany.
Directors are also indebted for cheon; in his reply to So much for the first half year. their voluntary offer to accept re- Sir Hughe remarked that Swatow Coming now to the second half,&duced commission and fees in or- turn in the tide of the Company'sder to help the Company tide over
was one of the best places he has afteira manifested itself. Passen the difficult times through which what he has been.
visited and was very pleased with ger returns showed, improvement,
we have passed.
AMBASSADOR KICKS OFF and by Autumn the freight busi→
With these remarks I beg to pro- At half past two the Ambassador ness looked promising. Despite the
pose that the report and accounts and his party left the Club; ac- considerable leeway which the Company had to make up to reach this has been seconded I shall en
as presented be adopted. After a paying basis, it is pleasing for deavour to answer, to the best of me to be able to report that such my ability, any questions you may a task was accomplished. The Company managed to hold its own for the remaining months of the
year,
The serious decline in the Chia- ese Currency in June and August caused much loss to the steamers' takings.
NIGHT SERVICE STARTED On June 1, 1936, the night sex vice from Canton, was inaugurated, and to the Customs Authorities the Company must record its apprecia- tion of the co-operation" and: as-
wish to ask,
the motion was carried.
Mr. Hung Taze-yee seconded, and
OTHER BUSINESS Capt. Kirby: I would like to ask one question, Mr. Chairman. I notice we had a debit last year of $50,000 against sundry debtors This som has now grown to two and half lakhs. Why is that?
The Chairman: I am glad you drew attention to that matter. Actually it is in connection with
of Police, Messrs. Mak and Woo, reception was held at the Hong Kong Hotel Roof Garden. The they drst went for a short drive and arrived at the Chung San guests were received by Dr. and Mrs. Anderson, and Norman Park at 3 o'clock to watchḥ, a
their game of soccer between the Police Brocks' Band played "all and nicely decorated and the Falmouth. Here a special sayeat tunes, while refreshments stand was were served to several hundred erected to accommodate the official friends of the bride and bride
groom. party. After a photograph was
taken His Excellency. "kicked off! In a very charming speech Dr. party departed, they were seen off the bride and bridegroom, and Mr. a apecch When the Ambassador and his Anderson proposed the health of by the Chief of Police and Mr. Woo: Alabaster made a most delightful at about 6.30 the Falmouth weigh-reply, evoking a lot of mirth when he remarked at the end that he ed anchor and aalled for Amoy.
had been informed by his married APPRECIATION
friends that this was the last time One cannot help feeling gratified | he would enjoy the privilegë of at the perfect arrangements and absolutely free speech! He then precaution made and taken by the looked round for the small brides-
the sale of the two steamers. They are to be paid for in instalments. The purchase price was $225,000,
local Authorities. The principal | maids (who were discovered busily maloos were extra specially kept engaged with their portions of clean and dustless; pbstacles dan-sugar from the wedding-cake), and The re-election of Mesara. Li Tze.
gerous to traffic were removed; all | proposed a toast to them, which fong and J. P. Braga as Directote the houses in Kwangchow St, were was drunk with much merriment, was carried on the motion of ordered to be white washed, be- For her going-away dress. Mrs. Capt. Kirby, seconded by Mr. Kwan cause the Police Club is situated Alabaster, wore a most attractive | Yan-kwong, inden du*
there. Even at the Park every- | éniemblé of navy blue and white. Messrs. Linstead and Davis and thing was ship-shape, LPA # The happy couple had a great Messrs. Lowe, Bingham and Mat- Special mention must be made send-off from the step of the thews were re-elected auditors on of Inspector Qui Chong Hang for Hong Kong Hotel, and were almost the motion of Mr. Wel Tat, second-so ably controlling the traffic, and mowed-under by a perfect, avalen- ed by Mr. L. C. Wood,
Mr. Wong Hot Ban, the Division che of contetta, as they departed Chief of No. 5 District for per for the honeymoon, which will be sonally seeing that his area was spent at the Dodwell Bungalow at kept so scrupulously clean.
Fanling.
A vote of thanks to the Chair man was proposed by Capt. Kirby and seconded by Mr. M. H. Lo..
Department
Iurnishing
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TEL. 20720.
40, Joнaros ROAD HONG Koro
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