HONGKONG DAILY PRESS
GROWTH AND PROGRESS OF H.K. LAND INVESTMENT AND AGENCY CO., LTD."
"The Trowth and progress of the Land Company has been associated closely with the development of this Colony. It was 'incorporated,h March, 1889 with a capital of $2,500,000, to-day this has been increased to $10,000,000, of which $7,500,000 have been issued, we have a sum of over $15,000,000 invested in pre- perty.......We have travelled a long way since 1889."
These words summing-up the a letter from Sir Robert Ho Tung his from financial in which he resigned present very healthy position of the Hongkong Land directorship for reasons of health. Investment and Agency Co., Ltd.. were spoken by the Hon. Mr. J. J. Paterson, Chairman of the Board of Directors in the course of his speech
∙at
Bir Robert was invited to join your Board on February 18, 1913, so you will see that his invaluable services have been given for over a
the fleth annual quarter of a general meeting of the company, held in the Board Room of Messrs. Jardine, Matheson and Company yesterday.
Those present were: The Hon Mr. J. J. Paterson (Chairman). Messrs. A. H. Compton, T. El Pearce, Felix A. Joseph, 8. T. Williamson, A, Raymond and the
Hon. Mr. M. K. Lo (Directors), Mr. 0. Eager (Secretary), and Mesar B. C. Field, D. F. Landale, D. Newbigging, J. Gardner, H. W. Dulley. D. V. Steavenson: H. Glt tins, Kwok Hin-wang. K. M. G. Silva, F. C. Hall and H. S. Gomes.
CHAIRMAN'S SPEECH
century and I can
assure you that his experience and wise counsel will be sadly missed. We all wish Sir Robert an early return to health. In his place we welcome Mr. M. K. Lo.
ACCOUNTS
Turning to the accounta the gures before you reflect twelve months trading during which the demand for both business and living quarters has taxed supply to the utmost. The amount at the credit of Proat and Loss Account is just over $240,000 more than for
1937.
ROTARY CLUB SPEECH
(Continued from Page 7) ...
great interest of the Chancellor. not only in education, but in all social and benevolent services in. this Colony.
LOCAL CIVIL SERVICE
"I end my colonial career with a great admiration for the Integrity of the officers in the local civil service. Even if some of them irritate us in our personal contacts—even harm- less Professors have been known to annoy some people- yet I am convinced that the officials in the British Colonial Service are men of great in- tegrity and that од the average, they have a very high sense of duty.
"Of course they vary in other characteristics, such as intelligence and in their knowledge of how to play poker laughter), but in a part of the world where the most subtle temptations in the delicate art of for generations it is a tribute to corruption have been triumphant
the British Universities that there never has been a case of corruption in the higher ranks of the British
Colonial service. (Hear, hear!).
In my speech last year I re-
STANDARD OF CHINESE LIFE ferred to the necessity for redeve-
"It seems to me that the only loping ML 278 (1A Chater Road practical method of raising the and 2 Connaught Road) and ML standard of life in China, nay, ze (12 and 124 Des Voeux Road more, of saving the lives of millions
GENERAL
CANDID CAMERA AT THE races
PICTURE taken at the Annual Race meeting held at Happy
Valley. (Photo by Lélca).
JAPANESE DEFEAT
PROPHESIED
conquer
Japan will never China In fact, the Chinese If they get the NECESSATT raw materials - could nihilate all "Japanese troops in China within three months. This statement was made at a League of Nations. Union meet-
Mr. Paterson said:-The growth and progress of the Land Company has been associated closely with the development of this Colony been made with either of the of Chinese who each year seeming in Glasgow on Feb. 20 by a
Central). So far DO move has
î
woman war correspondent who It was incorporated in March, 1839 properties but your Board hopes to and food, is, in the words in the doomed to destruction by famine
has just returned from a 10,000- with a capital of $2,500,000, to-day take early action with the latter omcial report of the British Econo-mile trip in China-Mrs. Char- this has been Increased to thanks to the recent purchase of mic Mission to China, to
the lotte Haldane,
well-known $10,000,000 of which $7,500,000 have ML 2 Section B (13
place and 13A
writer been issued,
and journalist and wife.. we have a
power behind the worker in China." sum of
Queen's Road Central). By ac-There still exists over $15,000,000 invested
of Professor J. B. S. Haldane. prejudice in pro- quiring this site your Company against training young Chinese to
"China has risen as ubo perty. In the early days your now owns a most valuable area enable them to introduce machin-
man against the colonisa- company's fortunes were bound up extending through from Des Voeux ery into China, but the choice for
tion by the Japanem of their intimately with those of Sir Paul Road Central to Queen's Road China, even to-day, is steam
told country," Mrs. Haldane Chater and Jardines, its sponsors Central, a channel through the anarchy, or worse slavery. It is
her audience. - were the originators of the Praya heart of the business and shopping astonishing that local British firms Reclamation scheme in 1887 that
district.
who sell machinery, and British gave to the Colony a large area of land and upon this land now stand Prince's, Queen's, King's, York, Royal, Chung Tin and Alexandra buildings-all owned by your Company.
With these properties and with the addition of the Glon- cester, Powell's, Marcantile Bank buildings, Marina House and Holland House the picture of your Central District hald- ings is complete. We have travelled a long way since 1889.
Or
There is one small land sale to and Chinese who devote time and record, that of the western half of money to charitable work, have not LL. 2821 (Praya East Reclamation, taken any real interest in the en- vacant land) which was made at gineering Faculty in this Univer- a. satisfactory price and in passing sity, and this at a time when the I mention that the remaining Universities in Chinä are useless portion was disposed of equally for the purpose. attractively during January this My bellef, you may call it a year. As usual the profit has been fanatie belief, is that the only transferred « tö General Reserve Account.
In Profit and Loss Appro- priation Account you will see that a fios) dividend of $1.25 per share is proposed which with the "Interim dividend makes a total of $250 per share for 1938-50 cents better than 1937.
"
"The ferocity and success of Chinese troops has surprised the Chinese themselves, and the re- sult is that the
invaders bave found it impossible to dominate any part of the country without repeated heavy losses.
*The women of China are playing a great part in repelling the Japanese troops. They have an extraordinary` enthusiasm. salvation for China's poverty and are completely equal with stricken millions is the introduction
the men. The new women of
the of power-the transfer of heavy China march with
troops, burdens from the shoulders of dress as the troops, and with Chinese men, women and children } their hair shorn it is often very on to the iron backs of machinery, dificult to tell the difference That belief is shared not only by between male and female sal- European missionaries who have dlers." worked in interior provinces, but by China's most prominent claud- cal scholar Dr. Hu Shih. He says character. It often combines in Taking advantage of the excope of China" Where man has to sweat one man the extréme of a practical tional profit shown by the Work-blood in order to earn the lowest outlook and almost. feminine ten- ing Account of the Gloucester kind of livelihood, there is little Life derness. You must therefore not Hotel it is proposed to appropriate left, letting alone civilisation. He be surprised if, on this occasion of ADVERTISEMENT once more the sum of $50,000 to quotes China's sages to support his my farewell to so many who have
write
down furishing, Attings plea for mechanisation as 'simple honoured me with their friendship, and fixtures. You can be certain common sense.' 'How can we ex- and who have shown so much that these assets now stand at a pect, a moral and spiritual civilisa- patience, even charity for my tall- very conservative figure which of tion to grow up' says Hu Shih asings, that I find myself overwhelm- course is where such rather tran-he vividly describes the awful livinged with emotions that words sitory things should stand,
conditions of the many millions of cannot express. I can only say. An item that appears for the his own countrymen,
from the depths of my heart, to all first time in $29,400, required to BIRTHRIGHT OF FREEDOM
of you. 'I am grateful for your write down gradually those pro- "Unless we are false to our
past kindness." perties which are held from Govbirthright of freedom it is our duty
Before passing on to
the ac- counts there is ome other matter about which I want to talk.
Your Board was extremely sorry to receive on January 3 this year
CHINA AUCTION ROOMS
PUBLIC AUCTION
1
"Whenever, during my obscurity
The undersigned has received ernment under either 75 or 99 to the rest of the community to in that other little island in the
instructions from the owners to years leases and not under 999 draw attention with discretion to West. I see the word Hongkong sell by Public Auction on TUES-years such as
exists with your any matters which we think can I shall think, not only of the pluck DAY. 14th March. 1039, at 11 am central properties which can run be improved. During my residence and tenacity of the early colonists, at the Sur Heong Yuen Godown on as now for the next seven cen-In Hongkong it seemed to me that "Nelson Street, Mongkok, Kowloon, turies or so,
the undermentioned goods:-
..
mum
TRUSTEES OF THE COLONY
it was part of my duty, not only
to do my work in the University
and picture again the University as
4 lighthouse off the coast of China.
but of my friends in the Rotary Club; men who will, I am sure, al- ways be loyal to their Slogan Ber-. vice before self.”
POWER OF WALES
Quality
tolls!
VAT 69
Scotland produces no better whisky than VAT 69. It is
the choice of connoisseurs. Try it and see.
VAT
69
Sanderson's
LUXURY BLEND SCOTCH WHISKY Jared in W. R. LOXLEY & Co. (CHINA) LTD YORK BUILDING HONG KONG
Distilled and bottles In Scotland by Wm, Sanderson & Sen, Ezé., LITH
WEDNESDAY, MARCH 8, 1939.-PAGE 11
PUBLIC AUCTION. LAMMERTS' AUCTIONS
THE
Undersigned have received instructions
TO SELL BY
PUBLIC AUCTION
OX
THURSDAY, the 9th MARCH, 1539
Commencing at 11:00 am.
At their Sales Room, No. 2 Connaught Road, Central, Ground Floor.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
and
3 Showcase.........
4 Cabin Trunks
¡PUBLIC AUCTION.
THE instructions
KR. Undardymed have received
to sell by
PUBLIC AUCTION
WEDNESDAY, the 8th MARCH, -1939
Commencing at 9.30 am."
At Kowloon Naval Depot
OLD AND SURPLUS VICTUALLING
STORES
Comprising:-
↑ Case Zinc Chromate Thinner Serge and Ducks, etc.
. Paint
37
"
1 Box containing Blow Torch, Calipers, Paint Brushes, Pllera, Files and other used Tools of Trade
',
TERMS:-Cash on Delivery.
LAMMERT BROS..
AUCTIONKERS.
PUBLIC AUCTION.
NHE Undersigned have received
Instructions
to sell by
PUBLIC AUCTION
CA
FRIDAY, the 10th MARCH, 1939
Commencing at 5.15 p.m.
At their Sales Room, No. 2, Con- naught Road, Central (Room No. | 205, Second Floor).
A VALUABLE COLLECTION OF POSTAGE STAMPS
On VIEW from THURSDAY, the 9th MARCH, 1939,
TERMS: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.
STYLE COMFORT=
JAEGER
Iron Rivets Manila Ropes
as efficiently as possible," but to Steel Snatch Blocks Steel The scale of appropriation has take an interest in China and Blocks, Single, Double and Triple been worked out to bring the book things Chinese, and even in local Sheave Wooden Blocks, Single, values to nil coincidental with the affairs. Many of you may have Whether you live in Victoria or Double and Triple Sheave-5-ton expiry of the lenses I think been bored by my numerous ad- Kowloon remember not only that' Cyclone Block Sledge and Ma-people in this Colony are apt to dresses given in Hongkong, Shang-you are a citizen of no mean city chinist Hammers-Steel Rope forget that Government as trus-hal and England on these topics. but that there is an urgent need and Chain-Iron Shackles--Wire tees for the Colony, owns all land. Opinions expressed may have, at for voluntary, social services cheer- Clips Clamps and Thimbles we lease and develop ft. The re- times, offended individuals with in- fully given by all educated people Foundation Boits, Eye Bolts, newal of these short term leases fluence. Yet it is imperative that so that this Colony may always 'Riveting Dolly Barr-Menscris being discussed now.
freedom of speech should be main-deserve that wonderful title given Oxy-Acetylene Welding Outfit-You will notice that the pro-tained and encouraged but not to it by an American traveller who Horizontal Hand Pump-Rex posed carry forward- le greater abused. In every community there said Hongkong is the brightest Contractor Pump Connected to this year by $88,703.38, in support are to be found the Jacobs, those Jewel in the British Colonial Single Cylinder Engine-Com- of this your Board desires to who will sell their birthright of Crown Having travelled round pound and Simple Geared Hoists point out experience in lean years freedom of speeck for a mess of the world thrice, and with every
C. 1. Flanges and C. I. Figd. shows anly too. clearly
confidence in the sense of duty how im- potage. Elbows Copper Tubes-Magnesia perative it is for any land con- "In Hongkong the temptation to possessed by this generation in Covering-Rubber-Covered Cop-cern to nurse tenants over perfoda do so is very great, but I beg that Hongkong, that is the phrase that per Wire Linseed Oil-Turpen of bad trading and to take a every Rotarian to resist it. There shall frequently quote in that tine--Coloured Faints-Aluml- sympathetic attitude about ren-is always the law of Hibel to protect little island in the West, where the Vehicle, Varnish and tals. It never pays to destroy good are so fond of saying that Bilence to realise that Hongkong is a bul-
the innocent, Those people who people at long last are beginning. Enamel Paint-Iron Cement and tenants. The carry forward
wark in the Far East for the cause Quigley Seal IXION Bolt Stock available for any allocation which it often shows the plain yellow of of individual freedom, justice and
1s Golden' might be reminded that Taps and Dies Asbestos Cement later may seem to he sound -Fireclay-Machine Screws and
I now propose that the Report public opinion in Hongkong is that God bless each of you and your
cowardice. The tragic thing about sanity in international relations. Nuts Chain
Pipe Vise-Tube and Statement of Accounts as it is so often expressed privately.
"And now Goodbye and may: Expanders-Faucet and Hose presented be adopted. When this Bibbs Blue Printing Frame has been seconded I shall be kong some millions of words from especially your service for others "During my 27 years in Hong future work in Hongkong and Steel Window Frames-Wheel pleased to answer Barrows Garlock Sheet Packing questions that Shareholders may good proportion being addresses. I can any my pen have appeared in print, a
less fortunate than yourselves.""** --Miscellaneous Tools including wish to sak.
SPEAKER THANKED Wrenches, Vise, Files, Saw Blades, Seconded by Mr. D. V, Steaven-ten on behalf of the University and Cassidy paid a tribute to the good and free gratis.contributions, writ- Thanking the speaker, Mr. P. 8. Augers, Drills, etc, etc.
"son, the motion was carried
animously.
un-other causes believed to be of im work he had done in the course of portance to the community. This his career and, in particular, to torrent of printed matter has not his services to Rotary. He con- The appointment of the Hon. entirely dried up but may even cluded by expressing the hope that Inspection order &c. please apply Mr. M. K. Lo as a Director in place fertilise arid, minds when enforced one of these days Prof. Middleton of Sir Robert Ho Tung (retired) leisure in England enables me to smith might pay them a visit as | occupy myself with pen and paper | President of Rotary International, was confirmed. ⠀
(Applause and Laughter). Messrs. A. HL Compton and T. E. and Far Eastern topics.,. Pearce were re-elected Directors.
TERMS Cash on Delivery,
For further particulars and
to:-
MR. E. V. M. R. DE SOUSA, Auctioneer,
China Auction Rooms, French Bank Building, 1st floor. Hong Kong, 7th March, 1939.
OTHER BUSINESS
+
“FAREWELL ***
Meagra Percy Smith, · Seth and "In my address to you on Em Fleming and Mesars, Linstead and pire Day some attempt was made Davis were re-elected Auditors. to explain the complex English
R
دیگر
The Chairman wished Professor W. I. Gerrard, who is shortly leaving the Colony on furlough, a pleasant holiday.
Ladies and gentlemen, let us in- troduce, Jaeger's latest knitwear range-most reasonable in price 1 There are Ladies' Jumpers, Car- digans and Swim Suits, in charm- lug new fashions. Men's Pullovers, Cardigans and Swim Suits for
leisure hours. A particular virtua of Jaeger is, of course, the famous wool that keeps you cool in hot weather and snug in cold. Ladies (let us whisper it) you look even younger in Jaeger-so do ses the range at once
JAEGER IS
OBTAINABLE
IN EVERY
FIRST-CLASS STORE
Clothing, including Blankets and
Remnants." Electro plate. Cutlery and Table Linen.
"
Lots may be inspected on
7th March, 1939 :
Terms of Sale:—As detailed in Catalogue.
LAMMERT BROS. By Appointment, Auctioneers to the Admiralty.
PUBLIC AUCTION.
THE Undersigned have received
Instructions
ין
to sell by
PUBLIC AUCTION
ON
TUESDAY, the 14th MARCH, 1939.
Commencing at 2.30 pm.
At their Bales Room, No. 2 Con-
Central naught Road,
Ground
Floor.
A`QUANTITY OF VALUABLE
HOUSEHOLD. FURNITURE, *
Comprising:=="
Hatstands, Divans, Wardrobes, Dressing Tables, Chests of Drawers, Dining Tables, Chairs, Sideboards, Dinner Waggon, Desks, Typewriter. Tables, Filing Cabinets, Glas Cabinets, Bookcases, Rugs, Carpets and Runners, Electric Heaters, Lamps, Cookers and Boilers, Radios, Gramophones and Records, Cutlery, Aluminium, Brass, Porcelain and Glass Ware, Filters, Wash Basins, Cameras, Binoculars, Ornaments, Magazines, Cooking Utensils, etc., etc.
Filso
A FEW PIECES OF BLACKWOOD
FURNITURE
and
3 Chesterfield Suites
1 Ashwood Bed Room Sulte
1 Grand Father Clock
1 Upright
Collard"
Piano "Collard and
1 Cooking Stove" "Dover"
-1 Typewriter "Ideal"
1. Geyser
1 Electric Refrigerator "Westing-
house"*
1 Electric Refrigerator "Electrolux
Ltd."
:ON VIEW from MONDAY,
the 13th MARCH, 1939.
Terms: Cash on Delivery,
LAMMERT BROS., AUCTIONE 28.
What do
you want ?
If there
anything
you want to buy or sall, try
ment kong
JAEGER HOUSE, 204-206, Regent Street, London, W.
25 words
for 3
Hong-