Certain-teed Roofing
The
Hongkong Telegraph.
ESTABLISHED (1831).
EDISON
LAMPS
AMCASIR, PETIR & COLTO,
693-4-4 五拜體 號四月正英港香
-FRIDAY, FEBRUARY 1921.
REUTER'S TELEGRAMS.
REUTER'S TELEGRAMS.
NO NEW BRITISH TAXES,
Excess Tax Profits Duty to be Abandoned.
London, February &
$}rakirru ! An mamhzl&:m un&ud
THE REPARATIONS SETTLEMENT.
Joint Sitting of French Legislative Chamber.
Paris, February 3,
ELECTRICAL DEALERS
日七廿月弍十
BANGLE COPY : 10 CTE
COMPANY MEETINGS." of capital expenditure in com
nection with our Buildings and} Wharves. The sum of $165,629 67 |
HONGKONG DEFENCE
CORPS.
Kowloon Land and Build-under Kowloon Buildings covers our payments during the year for the now office and the new Certain Members Eligible reinforced concrete godown. The
for War Medal. -
-ing Co., Lie
The thirty-second ordinary latter. which has been utilized general meeting of shareholders throughout the year has been of
The War Office bas decidal that inahe Kowloon Land and Build-Tery considerable vatis to the ing Co., Ltd., was held at Company in relieving the congea. those members of the Hongkong of the Company tion which otherwise would hava Detence Corps who'obtains flava been experienced had we been to trawl to the United Kinatam
*
she practical abandonina: of the Exers Profits Day, without the inaugurated a two days' debate on reparations. He said that France Victoria Buildings, for the puriforred to rely on our old godowns, for the purposa of joining His
substitution of new dates. He declared that there would be new taxation in the forthcoming Bulget.
Widespread Reduction Impossible.
"sush
were
the annual
COMPANY REPORT.
Hongkong Tramway Co., Ltd.
Ata jant sitting of the Senate and the Chamber, M. Briand othees bad secured the programme desired by the Chamber. The question pose of receiving
and wbo of disarmamem had been settled to Erance's entire satisfaction.report and statement of accountain spite of the extra accommods-Majesty's Forces,
are now able to offer. Jactually attested on arrival prior Two objectives had been obtained-immediate payment of the Mr. T. Pearce presided andtion we
present: Mr. J. continue to ko-p comfortably to the 11th November, 1918, are highest figure possible, and benefiting Germany's economie enrich there
for the award of the menz in order to avoid the inimoral spectacle, of the enrichment of Rodger and the Res F. L. Robert full. The amount mentioned a ligible London, February 3
since expended under the British War Medal. the vanquished at the expense of ruin to the victorious. The tax on Directors); M. Northcota
Wharves" Mr. Austen Chamberlain, waking in Birmingham, tosin unprecedented course of anticipating the Budget which he explained Germ in exports would correct the paradoxical situation which (Secretars) and the fallowing heading "Kowloon
would be created by Germany having developed exports so the shareholders: Messra, L. represents the cost to date of the was only permissible in view of the abnormality of the times.
Mr. Chamberlain at first scouted the reported intention of the detriment of Allied commerce in order to pay the Allies. France Greenhill, W. R. Wilkinson, J. steel work for the extension of our No. 1 wharf, which we hope Government to promote a
Election and eriticised the wise renounced the possibility of recovering the total payment of H. Sath and J. M. Machado,
to ha in a position to complete! The Secretary read the notice during the next month or two. thoughtlessness of those who presumed to instruct the public in the debt, of which the Reparations Cymmission is to fit the total
receipts convening the meeting, the Chair-Gross
for 1920 ncouraging the hopes of a widespread reduction in taxation. That before May 1.
French Coal Requirements from Germany.
msn said:--Goutlinen, The re- $7643.97 lass than for 1919.] was impossible. The war had transformed Britain frum a creditor
port, and statement of accounts which difference is accounted for into a debtor nation, but we had transformed the national deficit into
Paris February 4, a balance on the night wile and has begun to repay our foreign)
The report of the directors of Rebts. The Government concluded that it could afford not to renew
In regard to the coal question and also the road settlement, together with the Auditor's report by a slight decresse in earnings
the cost the above Company states:- the Excess Prents Duty, which was only justinable as an absolute Germany has been informat that she will have to deliver aring been in your hands for and an increase in
some days, I propose to take as of maintenance of railway The gross profit 2200,000 tons monthly in February and March, plus a quarter of read. The net profit for the year stock, and lighters. This results million tans to cover the deficit of the preceding months, failing is I regret to say somewhat below in a sligh: diminution in our nett which she will have to conform strictly to the Treats figures which that for 1919 being $16,612.23 as profits, but your Directors con- From this must be jare distinctly higher than those at presently fired. M. Brised.
fact that our revenue from Rentsjin recommending an increase of concluded in the most confident tone:We have at last entered against £15.92245 in spite of the sider that the figures justify them
onference which his tightened the the demain of realisation. The
and interest shows an increase.įst in the tosus to shareholders. bonds of the Entente, concluded in an atmosphere of curdiality. This result is entirely due to ex-which I trust will meet with your permitting us to regard the future full of confidence and security."
penditure on upkeep of our pro-approval. As you are no doub: To perty, our repairs bill being just aware Sir Maurice Fitzmaurice| French Satisfaction.
under $5,000.00 as compared with lately carried out a survey of only $1,333.00 in the previous year, this barbour with vie to
financial necessity.
སྙ
Consequently the Duty would be dropped as from the end of a business starting since the last year in the C340 beginning of the war and in the case of other businesses
Duty
only the
would
Aizen Feri
from their first accountancy
New duties might be imposed in respect penod. asun god or depreciated exchanges, but there would be no new taxes to replace the abolished Excess Profits Duty. Mr. Chan berlain believed this announcement would restare confidence and reinvigorate trade. He also held out hopes that the Badger would be reduced by £95,000,000,
IRISHI AMBUSH INCIDENT.
Twenty Police Defeat Five Hundred Attackers.
l'aria. February 1.
FRENCH RAILWAY COLLISION.
Ten Killed; Nearly Fifty Injured.
London. February J. Two lorries containing twenty Police were ambushed at Ross Carrberry, Cork. The occupants fought and repulsed 500 assailants..
Paris, February 3. killing six and wounding several, as well as captating many bombs, The The Police sustained no casualties. rifies and ammunition,
- Ten were killed and 47 injured in a head-on collision jattack was made from the grounds of the house of a Magistrate who was imprisoned therein with his family and Dean Ross on the night Passenger and goods trains near Limoges. prior to the attack.
More Police Ambushed.
London. February 4.
It is officially reported that a parts of police were ambushed at! Pallas Green beat Limerick. Nine were killed and two wounded.
OIL IN BRIŤAIN.
A Year's Operations Reviewed.
Dunion, Pebruar
aparati dis it. 1997 teh shows that din shire, North Stats and son and hope steadily prowned. the well- 1 awe mod peached a great depth. The total to bumber *.57, whilst six welle prave teanded a depth of 3,0m ever, the dangwa; being at 1eavitt, Deheshire, 40SE Faristot wel noong -to proterveel at bon rate of ata
are of these an In order to relieve tankIDA were sold to the Anel Am rea, Phil Và mpang for £22 Bis. per ton. of which met twas have been de lured.
CANADA AND THE EMPIRE.
Loyalty to the Mortherland.
A
tor the
year
mount to ... £94,033 0 10
deducted the Loan Interest...
be
which should
added
the amount brought forward from
the last Balance Sheel.
after allowing for the Final Dividend
7.787 6 9
£88,295 14 1
cf £2),312 10 0 7.115 0 3
Making
&
balance of £93,411 14 4 this there has
bean transferred to Conting- ent Lisbility Account,
... £50,000 0 0 The Interim Divid
end for 1920 of 9). per share. prid 25th Aug. 1920, absorbed.
£12.187 10 0 Th Directors now
recommened Final Dividend for 1929 of Is 31. per share...... £20.312 10 0
Lesring
to
il
82,300 0 0
be
carried forward £10,911 14
Both the Balance Sheet Bod
At to-day's Cabinet sitting, President Millerand expressed to M. the heaviest expenditure being advising the Hongkong Gor Briand bis profound satisfaction at the results of the Inter-Allied in the external renovation of our erament on its future develop Conference and warmly congratulated the Premier and his Ministers.jentire property. As the shortagement. Up to the present there ot housing accomodation in our is no indication of when we -Hare
districs appears to be as argiemsy expect to receive his report, today as it was when addressing but bearing in coind the fact that you last year your Directors he has to visualize Hongkong 30 have decided to further postpone years bence. I do not suppose that any contemplated re develop-he is at all bkely to pat forward or theat of the Property with the suggestions for development with exception of some needed repairs ■ view to the future without first tween 110 roofs, now being carried out,aking time for consideration. His the house appear to be in report may therefore be delayed habitable condition and there is for some months. I mention this therefore no immediate urgency matter because there exists the 'or re building. It is now pro- Colony a feeling of apprehension posed to pay a dividend of $2.00 that when the report does come Iper share or 10 cta per share to hand it will be found that Sir less than las: Year and Meurice recommends the erec- to carry forward $535.56 to ation of Government Wharves at Montreal. February 3-
new account. I now beg of the back of those now occupied The Premier. Mr. Meichen, speaking at a banquet outlined the propose. That the Report an be Taikoo. If such a suggestion Hovernment's fiscal policy. He upheld the principle of Protection. Accounts as presented be a top-ed is put forward I think it will be with, revison of tariffs suitable to the altered conditions, Referring d passed and shall be glad i found that attached thereto is a to Canada's national position, he deriated that D'anada did not needs ma member will kindly second recommendation that the Govern
ment should not enter into direct the lesson of the war to value aright her status as a nation within the motion:- the Empire Sentiment and interest had kept the British connec-
the competition with existing con- Mr. Machado seconded
but should endeavour pingjar secure for a century, but the events of the past six years made!
to come to -ome mutually Bechythe tres even firmier. Hu aslided to☺ With rear sister Dominions and adoption of the reported.ac-Certs
antisfactory arrangement there. Most of Rotain we formed mang years ago, the best league of Nations, the counts and the motion was married.
Mr. J. Rodger proposed, and with, either at regards manage- dri14) survivability of which had been demonstrated by the severestrial- feet of pace and war. In both peace and war our burdens have been Mr. M. S. Nothede seconded thement or for the acquisition of!
The iter and our achievements greater because we stond togeth pronfrmation of the appointmentxisting companies. This, how the Working and Profit and Loss Mr. Meghea discred ted those continually seeing trouble in of the Res. Fr. Robirt as a Direct-wear, is looking a good many Account have been converted dally.) eisimperial relations, contending that there was no more danger of loss or of the Company M. T. F. years ahead, and I merely touch into sterling (with the excaption From than loss of atmosphere. L'anada's word to the rest of Hough who resigned on leaving on it now to allay tears which of Capital Additions and Depre
Put to the vote the may exist in the minds of present ciation taken 2) at the T. T. man Empire at present ist "Let us keep on the way we are going, the Colony,
nation was carried unanimously shareholders that their invest-rate on 31st December 1929, viz. and let brothels have rantinur".
Mr. J. Rodger and the Rev.ments in this conram are not 13. 2. The actual Hongkong Father Bobert were unanimous):0 good
they thought Receipts and Working Expenses ly rected to the Burd of they were,
that in the local currency are Directors on the proposition of the Government be encouraged follow- Mr. J. H. Seth, seconded by Mr. to themselves embark upon an Traffic and Miscellan. L... Greenhill.
opposition concern without beed eous Receipts... Mr Peren Smith was unanim-for existing undertakings of a Power Expanses. Traffic Santiago de Chile February f
Expenses, The findings of the inquiry assted by the admiralty respecting.
Admiral Rodman, visiting here with the American Fleet, aagsjously re-appointed auditor to the similar gature. With these re-
ance and Repairs, and the loss of the K3 fail to throw light on the disaster. They explain
that the only object is to visit a sister nation. As regards the Company at a remuneration of marks, gentlemen, I beg to pro- the motion of pose the adoption of the report!
General Expenses that the submaring, which recently underwent a periodical refit, was) practising an attack upon capital ships when she dived, reappeared Munroe Doctrine, the United States never entertained pretensions of $100,
The doctrine involved! Rev. Father Robert, seconded by and accounts. and re-dived. Subsequently she failed to respond to calls. The sording the South American Republics.
It is con-retain reciprocal duties. The United States would watch over the Mr. L. S. Greenhill.
Mr. Moxon, in seconding the Working Profit Hongkong 531.72) evidence shows that she did not sink through collision.
The Chairman closed, the meet-adoption of the report காம்
The retiring directon are the jectured that some loss of trim or control may have occurred, causeaker States merely as a sister-Republic, and give Eumpean
Rav. Father L. Robert and Mr. ing the vessel to reach a depth at which external pressure would gations without distinction to understand that they must not inter-ing with the announcement that accounts, said:-Mr. Chairman dividend warrants were ready for and gentlemen. Good wine fede with American affairs.
liasua.
requires no bash, and I do not A. H. Compton, who are eligible think that the excellent figures and offer themselves for read out need any eulogy from election.
The auditors,. Mesurs. Lowe, me. I think the shareholders
& Matthews, offer should be congratulated on the Bingham
themselves for re-election. fine showing and the manage ment deserves their earnest The thirty-fourth ordinary thanks. With these few words I general meeting of the share beg to second the adoption on holders of the Hongkong and of the report and accounts.
This was unanimously agreed Kowloon Wharf Co., Ltd. took place at noon to-day at the offices to. On the proposal of Mr. T of Messrs. Jardine, Matheson and Petrie, seconded by Mr. Kwok. Co. Ltd. There were present the election of Messrs. DM. Hon. Mr. John Johnstone (in the Gubbay. A. O Lan32. G.M. chair) the Hon Sir Paul Chater podwell and A. S. Gubbay as Q. M. G., the Hon Mr. 4. V. Directors was approved. Parr, Messra, &. O. Lang, S. H.
Mr. Heary Humphreys propos Dodwell. C. S. Gubbay, A. H. Compton, D. M. Grahamed and Mr. Griffith seconded the p.. (Directors,) W. A. S. Broha resolution that Messrs. A. H. is (Secretary,) G. C. Moxon, H. Compton and ED. Parr be
Humphreys, T. Petris, A. Ellis, re-elected" Directors.
LOSS OF THE KS.
Findings of the Inquiry.
account for the destruction.
London, February 4.
~~THE WELSH RAILWAY DISASTER.
נו
U.S. AND SOUTH AMERICA.
American Admiral on the Monroe Doctrine.
NAVAL CONSTRUCTION.
United States Experts Adhere to Battleship.
Washington, Februar 2.
Result of the Inquiry.
London, February 4.
The report to Mr. Daniels of the Navy Board reiterates the The verdict in recant in the abermule train disaster resulted in belief in battleships as the principal units of the Fleet. Without acting stationmaster Lewis and signafruan Jones being found battleships the United States cannot hope to compete with the guilty of gross negligence. A ports named Rogers and a clerk existing Navies, the report adding that while equality of power should med Thomson were found guilty of negligence and ofexcess of duty, continue to be a factor in America's naval polies, there is no thought The Coart criticised the lack of supervision in carrying out the of instituting international competition in construction. tablet system.
THE BUILDING TRADE.
Ex-Service Men Not Wanted.
London, February 3,
SOUTH AMERICAN FINANCE.
U.S. Loan to Chile Only.
New York, February 4. Banking circles confirm that a loss of $25,000,000 to Chile The building trade operatires have rejected the Government proposals for dilution by the admission of unemployed ex Service contemplated, but deny simlar-reports in regard to Argentina and men. Their reply, which may embody an alternative proposal, has Brazil. not yet been decided on.
WELSH BYE-ELECTION.
London, February 3.
DANISH INTERESTS ABROAD.
03
Hongkong and Kowloon Wharf and Godown Co., Ltd.
Leung, J. W. Wallace, Chan Si
of
J. W. Kew, H. Percy Smith. Ho Mesars. F., Maitland and Ki, P. K. Kwot, A. W. Heron, Percy Smith were appointed T. Hooper and A. E. Grimauditors for the ensuing rear at Copenhagen, February 3.
a remuneration at $700, on the The Chairman asid:-Gentle-proposal of Mr. Ho Loung, The Foreign Minister submitted to the Folketing & Bill increas "la connection with the bye-election caused by the elevation of ing diplomatic and consular representation abroad, providing for men I propose with your consent coaded by Mr. Kew.
independent Legations in Holland, Japan and Siam and a new to take the report, and accounts Sir Vaughan Davies to the Peerage. Sir Lewes Lovedea-Pryse, Liberal "anti-waster." has withdrawn, his candidature and will Consulate in Batavia.
(Other Telegrams on Page 2) support Mr. Llewellya Williatus.
as read. The chief alterations The Chairmas announced that in the balance sheet since last dividend warrants erinld be ba year are the additional amounts on application tomorrow.
Mainten-
$885,935
354,176
14
TO-DAY'S EXCHANGE.
The closing rate of the dobar on (demand. to-day wau 24 636).
THE WEATHER.
2pm. Burimeter:-3.1. Tag- perature:-59. Humidity :-56
LIGHTING-UP TIME. ·
Lighting up time to-day is 6.14
DON'T FORGET.
To-day, Theatre Royal. Denniston Players prescrit Baby Mine 9.15 p.m.
Caronet Theatre-5.15 and 9.15 p.m.
Hongkong Theatre-3.15). 7.15.
and '9.15 b.m.