"Y
EXCHANGE:
Closing Quotations :—
T.T. London 34, 24.
On Demand 3a. 2.3/16d.
8172
日四十月女
Hongkong Telegraph.
REUTER'S TELEGRAMS.
MR. LLOYD GEORGE'S SPEECH.
PRUSSIANISM IN INDUSTRIAL WORLD.
To be Fought with 'Whole Nation's Might.
happen if the
destroy our chance of restarting industries,
too
high.
Proceeding, the Premier elaborated the argument that increased costs are inevitably passed on to another industry, eventually reach ing a stage where an industry is crushed, speiling unemployment for someone. Every section of the community should remember this when making new demands. Reducing hours while maintain- ing rages was one way of making unemployment. (Cheers and
cries of dissent).
TO-DAY'S
(ESTABLISHED 1881.
FRIDAY, FEBRUARY 14. 1919,
CHINESE TELEGRAMS.
Wah Taz Yat Po Service)
Shanghai, Feb. 13.
Interned prisoners and enemy subjects from outports to form
the same time.
五拜 號四十月式英语者”
Tamparakare
Humidity
30.15
1pm 62
SINGLE COPT: 10 GENTS
$36 PER ANNUM.
WEDDING IN HONGKONG: HUMPHREYS ESTATE-AND farther that the premium now
MR. A.C. MAUCHAN-MISS MCCUTCHEON,
wore
FINANCE CO.
QUESTIONS FOR TO-MORROW'S MEETING
ON THE BALANCE SHEET. 1, Will the Directors be good stata clearly and enough to separately ---
(a) The amount of the book values of such properties as are fully developed 2
saved does not exceed $1,109.00 which the Company can well afford to pay...
81 CASH IN BAND AND AT BANK-
$6,351.32.
18.-Could not the Company furnish with the annual report to 10. In view of the heavy pay-shareholders a list containing the ments for interest which pro names of my twenty important bably includes payment for and large shareholilers besides interest on overdrafts occurring the
DAMICS of the retiring
at any time, will the Directors Directors from which the share- tiate the amount of cash in hand holders may choose by ballotany and at Bank separately?. five persons considered by them best suited to look after the interests of the Company?
19-Without imputing any
PROFIT & LOSS ACCOUNT.
ELECTION OF DIRECTORS 17.-Cannot the procedure of electing Directors at the ordinary annual general meeting of the BOUSE & OFFICE FURNITURE Company be otherwise than the
{usual “alo” custom whereby 9.-In 1917 the balance was paid servant of the Company $1,083; on 9/2/18. the amount of would, as it were, fores into the An interesting wedding took
$683 was written off, hence the hands of any one of the sharp- the first instalment of those to be place this morning, the contract- deported, are ordered to be ready ing parties being Mr. Ander in the Humphreys Estate and this asset at $950. Without a ship of paper with a sort of - Mr. J. M. Alves, a shareholder whereas the balane sheet states (a member of his fancy, of course balance now should be $1,000, holders premant as the meeting at Shanghal on the 28th inst. for Clarke Hauchan, of Shanghai, and Finance Co., Ltd., has given notice wishing to press, the point, will mandatory that so and so should London, February 11.
deportation. The Premier, continuing his speech in the House of Commons,
China and Japan propose to of Glasgow, Scotland. The of his intention to ask the follow the Directors explain how the be proposed as Director for the
| Miss Margaret Lillie McCutcheon declared that he did not fear unemployment if they acted rationally. There were great arrears in shipbuilding and railway construction publish all secret agreements at bride, who was attended by ing questions at to-morrow's shrinkage has occurred?
anming year, which generally and in the textile, furniture and building trades to be made up.
The Foreign Department pro
Misses Cathie and Nora Russell sting of shareholders-----
leads to a permanancy. Consequently, there was no danger of unemployment, provided. firstly, confidence was given to those responsible for re-starting the poses Lieu Sai-kung, Lo Chong, as bridesmaids, was attired in a Furthermore, absence of confidence breeds Wong and Tam Hok-chu as gown of ivory satin with shell wheels of industry. upheavals, which create, aggravate and perpetuate unemployment Consuls General for Paris, Lon pink ninoa and shadow lace, and veil of white If the cost of production goes so high that the purchasing capacity dan, Singapors and Honolulu she
silk net and a of the community is reduced, or we are thrown out from the world's respectively.
wreath of Shan Ming-yuen has demanded orange blossoms. ensue, And both markets, disastrous unemployment must
She carried a that the Cabinot shall publish all bouquet of pink roses and sweet. of cost
is production will Therefore one trade cannot be considered without reference to the recret agreements and cancel alineas of the same colour. The reusinder. For instance a great increase in the price of coal might the final agreements are not yetail and fillet lace, and they properties as are not developed
preliminary agreements of which bridemaids were dreases of white
(b) The book values of such negotiated or signed,
The Japanese banks urge im-carried baskets of pink roses or only partly developed ? mediate negotiations on the terms and sweet peas.
11.-Interest an Mortgage and Captain W. & Does the amount of of the final agreements for the Russell, H.K.D.C., gave the bride $180,762.55 for rent include any that the Company besides raisthing to the present Board, would
Deposits, $66,517.64-It appears four railway loans.
away, while Mr. J. Mauchan was rent on undeveloped properties? ing money by mortgaging the not such a plan be more conducive Under Japan's pressure, Peking the "best man. has issued a notification fortid Kirk Macouachie officiated.
"The Rev. J. If so, please state how much.
3. Has a proper valuation of Company's properties also invite to the attainment of closer atten- ding newspapers further to com- ment on Japan's threats.
the Company's properties ever deposits at tempting rate of in- tion to the interest of the Company After the ceremony, a recap. been made? If so, please stateterest apparently per cent, generally, and also solve the Hung Hak-um has proclaimed tion was held at the Hongkong when and by whom and what was the amount of deposits was not
Can the Directors explain why which must necessarily obtain
tendency towards "ainscares himself Szechuen Tuchun. Hotel at which Mrs. Russell
Tong Shiu-yu has wired to the was the hostess; She wore a the valuation given for President
(a) The Company's develop it part of the Company's businessed
stated in the balance sheet? Is further movements of Northern hat to
protesting against dress of mole satin, with match, and carried a
ed properties. troops in Shensi. He has also bouquet of pink flowers. The
(b) The Company's under-to receive deposits, and how are telegraphed Sir John Jordan re- honeymoon is to be spent in
such deposits secured? If the
tors give the figures relating to tion of the Company being eloped properties. questing the Foreign Ministers to Japan, the bride's going-away 4. Will the Directors adopt the deposits are included in the practice of having a valuation of amount of $905,000. shown on the balance sheet will the Direc-
20.-This Articles of Associs- Pien-Lok Railways.
least once in every two years cause such valuation figures to be ively and also inform the meet-present law on Companies will Mortgages and Deposits respect-obaolete in the light of the printed as a footnote on every
trual balance sheet for the in- ing of the average rate of interest the Directors instruct the Com- formation of shareholders ?:
paid under sach head ?... 5. In view of the fact that the Company has held for a good
12-In 1914, $3,379.77:1915, number of years land ia Kowloon, $3,070.66 1916, $3,759.11 which should have been built | 1917, $3,538.27; 1918, $2,415.28. apon long ago, will the Directors Will the Directors explain how explain the reasons which these amounts appear each year 21-Do the Directors agree prompted them
neglect so regularly and so uniformly, with me that had there been more levelopment of such land aud when article No. 82 already energy, clearer foresight, bet- also their reason for locking up provides to the General Managers ter management and less over funds of the Company by the $8,000 for the office expenses? be competed for under the follow- acquisition of a site at Bowen a Hong four-ball Competition to ing conditions
Road overlooking: the N. Y. K. aite it is tournament by four-ball matches understood
To be played as a knock-out quarters, which
was subsequently over the main course at Fauling found
expensive Scoring to be on the American building? plas, i. e. one point for the best
The Premier said increased prices diminished on the in- dividual's purchasing capacity while adiminished purchasingcapacity would creste unemployment and destroy our Overseas trade upon which the country was more dependent than any other country in the world. Bolshevist Russia had fittingly illustrated this. Workers there were earning sumptuous wages and seemed at last to be [coming into their own, but when a workman took a fiver to
a shop he could not buy what 18d. bought in Great Britain.
DAY BY DAY..
with pink and white fox fura-
GOLF.
and
taking rigantic steps to the Company's properties madeat
Mr. Lloyd George stated that the Government were already material on the largest scale, thus providing employment. The morements by the Kin-Han sad with a white laghorn hat trimmed development of ways and communications, afforestation and land settlement would do likewise, while enriching the country. He deprecated the recent attempts to undermine confidence in Trade Unionism, causing indiscipline and making collective bargaining sible. That way anarchy lay, which was the goal these men desired. Any demands advanced with a view to removing legitimate grievances the Government would examine carefully, but as to demands pressed with ulterior motives to hold up the community. overthrow existing order, or destroy good government, and relying on brute forcs, he would say, on behalf of the Government, with all solemnity, that they were determined to fight Prassianism in the industrial world exactly as they fought it on the Continent, namely, with the whole might of the nation.-(Interruption),
Mr. Adamson-Employers as well! Mr. Lloyd George Employers or employees. Continuing, the Premier said the first necessity was peace. There would be no settlement in the world until peace was secured.
GRATUITIES FOR THE NAVY.
A GENEROUS DISTRIBUTION,
London, Februbary 12.
10. The Admiralty announces gratuities to the Royal Navy and
Professor Sklarevski and M. Sykora have left for Manila.
Elaborate preparations have been made for the Victory Ball, to be given by the Engineers' Institute, this evening, at the City Hall. The decorations have been carried out in a most artistic manner, and everything has been done to make the function a great
success,
A FOUR-BALL COM- PETITION.
Mr. H. J. Gedge has kindly
offered to present a silver cup for
18001
to
- CISITERAL OHANGZ8:
REMUNERATION TO GENERAL MANAGERS,
number of Hongkong business when selections for directorshipe are invariably made from a limit-
who apparently form an official ssociation of directors?
·ARTICLES OF ASSOCIATION.
pray's solicitors to submit to the shareholders up-to-date articles dealing with which should contain provisions denkt in question No. 18?
the suggestion
FIKALLY.
the Royal Marines ranging from £720 to £200 for Admirals, and morning heard arguments in aggregate score of the two players to the meeting their justification see in the P& L. A/C, that they for the purpose of replacing the
a
The officers of the Naval and Volunteer Reserve receive gratuity of a hundred days' pay for the first year's service, and fifty 'days' each for subsequent year.
trading, the financial position of the Company would have been sO improved that the market valus. 13.-Article No. 82 clearly of our shares, intrinsically worth for states the the General Managers $12.50, would be quoted more are entitled to 5% of the net then $7.50, the pressat market profit of the year. Now 5% of value? 6. For reason given in question 157,336.97 (profit for 1918) finance to issue 8% debentures Mr. R. E Lindeell this ball, and one for the lower No. 5 will the Directors explain would be $7,866.84, whereas we
22.-Would it not be better.
£140 to £20 for other officers for the first year's service, wit' Almeida, a Portugese woman,
the 3.80 in which Amelia of each side, at each hole..
with interest payable half yearly increments ranging from 3 to 10s. for each additional month's
in acquiring a piece of land in Competitore (all of whom must May Road on which it is believed explain this. Is it possible that Mortgages amounting to #995,000
Please were paid $8,04405. Mervice.
WAS sentenced yesterday, as be members of or subscribers to already reported, to nine months the Club) to enter in couples, they propose to erect a building Directors' fees $5,000, and re-which from their recurrence on rigorous imprisonment for re both must belong to the same instead of employing the funds muneration to General Managers the balance sheet may be now torning from banishment. Mr. Hong for Government Depart proposed to be spent in a paying $8,544.05 are not included as considered as a fixed liability. almost in the nature of capital, after lengthy
a
of couples belonging to the same rent-paying terraces on that
of calculating such remuneration? to be arranged by special Sub- ground between Carnarvon and Hong etc, may enter. Handicaps valuable piece of the Company's
as additional capital is view of DIVISION OF PROFITS.
the large amount invested ia Committee to be appointed for Mody Roads, now used as tennis
14.—In 1915 when the amouat property? the purposes.
courts?
of rent collected was $129,120.33
LOWLOOS. Entries may be made at 7. Will the Directors give the with no profit on sales of pro Hon. Secretary. Entries to close to the cost of K. M. L. 48? In fit to declare a dividend of 35 of confining the Company's opera 23.-Will not the Directors Happy Valley, Fanling or to the shareholders come information as perties, the Directors thought it seriously consider theadvisability view of the appreciation of land cents. Now in 1918 with rent tions to Kowloon, which even Directors thought of any scheme possibility of rental falling offpany's undeveloped properties, values at Mongkoksui, have the figures at $180,702.55 (with no without going outside the Com so as to make the best of this bad for the next two years) together offers unrivalled opportunity for bargain which undoubtedly is with a profit of $87,098.69 on business and the energies of the responsible for a good portion of sales of properties, the Directors Directors? the $905,000 due under Mortga- decide on a dividend of 60 cents ge Account, the interest on only. Will the Directors explain which has absorbed 3 good their reasons? slice of our annual revenue?
P. W. Goldring appeared and ment, Regiment, etc.) Any number proposition by building up good working expenses for the purpose and which appears to be required
POLICE RESERVE ORDERS-
INSPECTION,
His Excellency the Officer Administering the Government Orders issued by Mr. F. C. will inspect the Police Reserve at Jantin, C. B, E., state
GOOD SERVICE MEDALS.
"
3.45 p.m. to-morrow (Saturday, February 15th) on the Murray Parade Ground.
Blue uniform, helmets with His Excellency the Officer spikes, belts and rifles. Administering the Government Fall in at H.K.D.C. Headquar- has been pleased to award the tors at 3 p.m. sharp.. Police Reserva Good Service All General and Total Exempta Medal to the following-
to attend.
1. Chief Inspector Mason,
M.C., (on Active Service).
2. Staff Inspector J. C. Wildia. 43. Staff Inspector R.G. Mc Ewen.
4.
4. Accountant A. Balean, 5. Staff Inspector B. W. Tape.
6. Musketry Inspector Fisher,
Inspector F. A V. Ribeiro. Inspector Un Hew Fan. Cr.Sergt. 41 Fan Yun Fong Cr. Sergt. 545 C. M. Castro, Cr. Sergt. 657 Faithfull. Bergt. 548 M. Baptista. Bergt. 4 George Lee. Bandeman 583 D.C.Baptista. P.C. 537 J. G. Ozorio."
PC. 534 N. C. Lorenciano. 1. P.C. 569 A. M. Silva. 318. P.C. 763 A. Hicks.
discussion
Mr. Lindsell reduced the sentence
to six months.
28th inst.
the above Sub-Committee whose All disputes to be referred to
The Canton Times has been informed that Mr. H. Y. Loo, M. ACxon Barrister-at-law, has been instructed by the Bureau of Liquidation of the Deutsch- Asiatische Bank in Shameen, upon receipt of instructions from Peking, to file pe ition in the Local Court of Justice against a The winner of the February No. 2 Company will parade at number of German debtors for round for this Cup was. F. Mait. overdrawing from the said Bank land with a score of 93-11-82 net the sum of more than $370,000 with interest.
2.40 p.m.
SUPERINTENDENTS AND
INSPECTORS
Will attend at H.K.D.C. Head- quarters ground at 2.15 p.m.
PARADE REPORTS.
tinued until further orders.
decision shall be final;
CAPTAIN'S CUP.
DESECRATED GRATES.
INSURANCE RESERVE FUND,
REPAIRS.
U. 8. ADVANUES TO ALLIES, The Treasury has announced 15.-Picking up this item from Penkites play poker and bridge,
the P. and L. A/C from 1914 1 that billa to the Allies under cre- whilst the Chinese employed by
8.-Considering that the rate notice The Secretary of the War of insurance premia on properties about $14,397.97; 1915, about raised the total of the Allied a
the following: 1914, dit as previously established have them indulge in fantan. The Office regrets to announce that a in Kowloon is now reasonably low, $16,116.24; No. 1 "boy" of Mr. H.S. Bennett telegraphic report has been would
it not appear most $13,639.98; -
3
1916,
about vances in January to $290,250,- about 000 and the aggregate Govern aboutmant expense for the month to
DON'T FORGET.
The sending of Weekly Parade Reports (Form No, 10) is diacon-invited ten of his friends over to received that the cemeteries on businesslike on the part of the $15,268.17 1918 1917 the servants' quarter in 5. The the Gallipoli Pentusala have in Directors to abandon the policy $17,070.30. In five consecutive 31,962,350,000. From Decam Peak, to
gambling party many cases been grievousy mo of the Company carrying a part years $76,492.66 have been spent ber the War Savings stamp sales Getting wind of this, Sergeant lested and desecrated by the of its own insurance and thereby irrespective of the amount of mounted to $70,986,350,000 Casliman invited some Chinese Turks. A detailed report has releasing the investment JUDGE ON SOCIETY MANKERS
detectives to raid the place and been asked for, and on receipt of Mortgages and Loans of $295,-not consider such expenditure inrent received. Do the Directors arrested the whole lot. He found this an explanation will be de 308.11 (which is apparently excessive?. When counsel suggested in dice and dominoes distribute: manded from the Turkish Govern necessary at present in order to court recently that there were on a mat on a bed, and also 35 ment, who have previously given day available the Insurance for an equalisation of Dividend 16. Is there really a necessity few people who had not at some cents. The gamblers told Mr. frequent assurances that the Reserve funds), thus obtaining | Fand at present with property MP.C, 707 E. J. Noronha. time or another, when invited J. R. Wood this morning that graves and cemeteries on the the necessary funds with which business so brisk and so proe
General Order No. 8 of 1919 out to dinner, pleaded a previous they only played for fun, where peninsula should be carefully to carry on the development of perous? Also states that His Excellency engagement, Mr. Justice Scratton upon Sergeant Cashman said the safeguarded. Meanwhile im- our undeveloped properties? Es been pleased to grant the rejoined, 'Or wired Previous en- gamblers were outsiders. Two mediate steps are being taken to Police Reserve Good Service gagement, lie follows by post!" of the men were inveterate gam- rectify matters by the Graves rited to the rate of interest earned The Direckers attention is in- Teal to P.C. 161 Leung Cheung (Laughter.) Counsel said he be blers, having been fined pre-Registration Unit, composed of on the investment in Can who has been commended on lieved it was true that s learned viously. Mr. Wood asked them British Australian and New and Lon Free occasions since August, judge had been known to send to pay a dollar each into the Zealand officers, which landed on 1918, for meritorious conduct, İsuch a message.
Police Bor
the peninsula on November 16.
Should not the proposed transfer to the equalis tion fand really be made to general reserve fund. order to carry out, the obvious intention Pot borrowing as little as pos er 15 for them paymen
the P&LAC $12,805,15 and dividend
TO-DAY Victoria Theat Coronet The