G-E MOTORS
ANDERSEN, METER & DATD.
The
Hongkong Telegraph
WORTHINGTON
ANDERSEN.MEYER & COİLTD.
SURVEY OF INDUSTRY.
POUNDED" Last
10. 12,383
Board of Trade President's Views.
{ Reuter's Service. }
London, May 11. Mr. Baldwin (President of the Board of Trade), introducing the Board of Trade estimates in the House of Commons, reviewed world
by certain maritime countries against British shipping. He hoped
五拜禮
METAIS➜ FRIDAY MAY 12, 1922.
日六十月四
SINGLE COPY: 10 CTB
130 - POLK A30-1830
SEAMEN'S UNION EX-PRESIDENT.
POLICE STATION SCENE.
Arrested by Hongkong Police.
of the
Released but Arrested ·
Again.
COMPANY MEETINGS. [oyale of years in which both On the proposition of Mr. ds shipowners and underwriters find Goahs, seconded by Mr.V. R. V. is difficult to garner the profits to Ribeiro.. Mosure. Love Bingham Union Insurance Society of tomed during recent years, The Brown were re-elected anditors.
which they have become accusand Matibows and Mr. C. Bernard Canton, Ltd.
wave of trade "depression con- Your organisation recamina tinues, and with it exista an un-Jauch the same as last year, no The forty-ninth ordinary meet-satisfactory moral risk which extensions of particular impor Chao Ping-sug, the former
A man was to-day brought being of the Union Insurance Society imparts to the routine of in-tance baving been made. In al
business * hazard directions, however, the opport trade. He said that there was nothing in the condition of the British President of the Chinese Seamen's fore the Magistrate on charge of Canton, Ltd. was held to-day surance Dominions, the United States, South America, Holland, Scandinavia, Union, who was recently re- of picking the pocket of a com- noon. Mr. W. L. Pattenden difficult to estimate and overcome unity has been taken of the It is a relief to note that the reduced volume of routine work and Spain to prevent them from again largely boying. He regarded leased from gaol in Canton, patriot, hat, owing to the lack of presided and there were also with apprehension the increases in tariffs, especially in France, Italy, came down to Hongkong two evidence, he was discharged. The present Mr. G. M. Dodwell, Hon. theft and pilferage problem has to overhaul the driving machinery Spain, and the United States, but was confident that we would hold days ago and was yesterday incident, however, did not close Mr.A.0. Lang, Hon. Mr. E. V. D. materially improved during the and effect anch repairs and our own in the Dominions, owing to the generous preference.
arrested by the police, on what there. The man still retained Parr, (directors) Messrs. C. Mon-past year, but is still by no means renovations as appeared "neces
sary to maintain a high state of tagua Ede (General Manager), J.{satisfactory. A farther disquieting feature was the attempted discrimination precise charge is not yet clear. doubt as to the gensiveness of the roold, R. A. Dastur, H. M. H. An outstanding feature of post- jefficiency, upon which" so largely It appears that yesterday, release. A sixth sense med him Nemazee, F. M. Ellis, A. S. Ellis, war years is the extraordinarily depends the prompt service that the Motherland and the Dominions would confer concerning st about 1 p.m., a detective to look back when be bad re-Bo Fook, Lo Channg - sbiu.severe competition experienced expected of us by our friends and
paid # visit to the this before it was too late.
head-gained the comparative safety of H. B. Dowbiggin, G. M. Young. in all of the various forms of in-supporters. If the restoration of Europe were delayed, we must intensively quartera
Seamen's Arbuthnot Road H worst W. L. Shenton, Leung Yan-po,surance now conducted by the Prior to the conversion of your develop inter-imperial trade and push into Eastern and South Union, where the ex-President fears were realised when he saw Ho Loung, Chau Trai-ain, Chan Society Reports, not isolated ones, capital from silver into sterling in American markets. British industrias had mostly liquidated their was, and stated that he had been man, who locked to be Sig-ki 6. C. Hickling, M. & bus similar in trend of thought 1919, there were 1,147 holders of stocks which had accumulated after the short post-war boom, but a given orders to arrest Chan. He detective, still dogging his heels Northcote, A. H. M. de Silva, and expression, continue to the Society's shares. At the prea- reduction in taxation was essential to the resumption of business. accordingly took the ex-President So he bolted and the detective Chan Yau-teng. F Lauder, H. Crach headquarters from units of ent time there are no less than Mr. Baldwin said that the coal trade alone had reached an into custody and proceeded with gave chase and caught bim. Gray. A. C. Hay, W. R. Mansfield, your organization, explaining 1,519shareholders. YourDirectors economic level. It was the only trade where exports were of some him to the Central Felice Station. Bawling and shedding copious P. M. Hodgson, J. Bentley, J. W. why premiums incomes and loss feel that the support accorded to thing like the pre-war average; but unfortunately, there was no
This was the story given to a tears, with his wife clinging to Alab and A. H. K. Cobb ratios do not show up so favour- the Society is commensurate with great demand for industrial coal, which was not likely to revive till Talegraph reporter who visited his cost, the captured one (share olders).
ably as hitherto. Your Directors the increase in the number of trade generally began to improve.
the Union headquarters this was frog-marched back to the
The Chairman said Gentle feel, however, that signs are not shareholders, and urge the im- The iron and steel trade was having a most difficult time, and afternoon. The officials of Police Station why there men. The report and accounts wanting that conditions pertain-portance of your personal support
Union was unlikely to reach a paving position for some time, as the world the
said they bat WEB another charge only
to influence was convinced that bottom prices had not yet been reached.
not the slightest idea as just discovered by the police off were issued on the 1st inst, and ing to the conduct of the business and endeavours The wooltrade was comparatively cheerful, notably in yarns to the reason for Chan's arrest, as
cers concerned, awarding him. you have thus had the oppor- in which we are engaged are business.
tunity of reading them, I propose inclined to shaw improvement. I record with regret the. desth and piece-goods: but the growth of tariffs abroad was injurious. no statement was made by the This was one of returning from to follow the customary procedure The inevitable result is being felt of two members of our staff, šír.
Gradual Improvement Anticipated.
detective. They added that they banishment before the expiration and take them, together with the of a large namber competing for W. T. Stacy, a loyal and valued On the other side of the picture, our productive power was) were
f his term, which thespector Auditors' report, as read. intending to secure the
a restricted volume of business, servant, after 15 years' service in greater than ever, while London remained the world's financial services of a solicitor for the had only just discovered on
The reports of insurance com-) and the gradual withdrawal of Adelaide, as Manager of either centre. Mr. Baldwin quoted the percentages of exports since 1913. purpose of ascertaining the natur reference to the record Shrieka
panies the world over number of competitors ansble or the British Traders' Irsaraces rent the air as Mülle and showing that we were slowly climbing out of the appailing pit into of the charge against their ex-
bave probably never before unwilling to maintain the pace, Company's or the Society's which we fell on the collapse of the post-war boom, and giving realPresidert and of defending him. husband clung to other baea 50 keenly anticipated appears to be giving the survivors | Branch Office there, also Mr. T. hops that we were on the eve of a better time. He forecasted It will be recalled that Chan and refused to part notithstand- 25. those
now making their the opportunity of setting the Fuller, Manager of the BataviK that trade would continue to show a gradual improvement, but all Ping-sang was sentenced in Can- the persuasions of the perplexed
Lappearance, which increased world's Insurance markets in Branch. Our sympathy is ex- classes must co-operate in production.
ton to twelve years' imprison-officers. The noise brought out a interest might be attributed order.
tuled to their relatives. Lancashire was viewing with alarm the increase of duties in mert for the murder of his wife, large crowd from near-by to merchan:s desiring 10 Mr. Young said:-Mr. Chair- Gentlemen, the various Agents India He hoped that, the labours of the Indian fiscal commission, but that snha quently be was par- houses and only termed when
possess a more intimate know-man and Gentleman-I am sure of the Society have COD- which was studying the whole question, would bring some comfort (doned by Sun Yat-sen and released the couple were forcible parted.
ledge of the companies to which we are all pleased to receive such {tinued to sccord UR their to British manufacturers.
they look for protection in the a satisfactory account of the generous support, and it Summing up the world's markets, Mr. Baldwin said they saw
course of their business, and Society's business. For many need hardly be said that times, little sign of rapidly-increasing trade in the Dominions; they saw
also to the considerable notice) years past we have greatly bene- such sa we are pa wing, and hars in ledis difficulties placed in the way by tariff, by the fall of the
A Peking telegram says it is
i recently directed to insurancefited by the exertions, of thej pasand through, tax to the utmost Tupee and by unliquidated stocks; they saw Japan in financial reported that as present there are Palace Hotel Tourney. matters by the Press.
General Manager and staff the resources, kad "expacity ofv troubles and China in political troubles; but they saw in South about 3.000 Fengtien soldiers
Following upon the year 1920 Hongkong and branches, and your staff. We feel confident America signs of improvement, also similar signs in the United collected at Launcho, where In the above Handicap laat we had ample warning that trade should the present depression be that you will approva the 15% States.
they are making trenches for night, J. Parkes (100) beat C. conditions would not permit of the beginning of a cycle of poor Bonus which has been voted to Mr. Baldwin added that the cotton trade had to contend with defensive purposes.
Bond (-75). The final scores insurance companies transacting yours, we can remain confident the credit of members of the staff Imany difficulties which bad arisen largely from the that fact their Wa Pei-fu has declared that ware:-J. Parkes, 250; C. Bond, the same volume of business, and that the wise and able methods holding Provident Fund #grea- great trade with the East and the Indian trade were not only it Chang Tso-lia will retreat 242.
if we are to judge from the ex-of Mr. Ede and staff, will socurements. hampered by the Indian tariff, but by the large amount of bills in with his forces out of Shan- The highest breaks were:-pressed opinions of prominent as much of the good business I now beg to propose the adop- India which were awaiting liquidation. The industry in Lancs-haikwan be will ARTee to Parkes 57. 23, 22, 21, 17 and 14;fnanciers and merchants, no going as is humanly possible. Ition of the report and accounta shire had faced with great courage and commonsense the cheapen- cassation
&
of hostilities. Bond 20, 16, and 15 (three times). general revival in trade can be bave very much pleasure in a circulated, and when same ing of production necessary to enable it to re-eater the various
expected for some time yet.seconding the adoption of the have been secondad. I shall be markets. He opined that Lancashire had set an example to the
Until trade revives.. it is report and accounts.
glad to answer to the best of my country in settling trade disputes without involving the rest of the
only to be expected that The report and accounts wereį ability any questions you may country,
insurance cannot assume its adopted.
wish to pat. normal life. This state of affairs
On the proposition of Mr. Inéed cause no alarm to the share Nemazsa, seconded by Mr. Ho holders and supporters of sucb Fook, the Hon. Mr. A. O. Lang' old-established companies as the and Hon. Mr. E. V. D. Parr, were Society, which in the conduct of re-elected directors- their business bave in the past) The Auditors, Messrs. Lowe, built up reserven to meet these Bingham and Matthews and Mr. alarmed at the increasing activ
C. Bernard Brown, were re-lities of what it describes sa the
THE RUSSIAN REPLY.
Suggests Continuation of Negotiations After Genoa.
Genoa, May 11.
PEKING NEWS...
BILLIARDS:
YORKSHIRE'S BIG WIN.
Surrey Also Start Well.
London, May 11..
At Birmingham. Sussex best Warwickshire by hine wickets. At Cardiff, Yorks beat Glamorgan by an innings and 258 runs, M. Chicherin banded Signer Schanzer the Russian reply. The two conversed for three-quarters of an hour, M. Chicherin emphasis-Holmes scoring 138 and Oldroyd 151 not out. Ia Glamorgan's first ing that the reply had been prepared under direct instructions from innings Macauley took six wickets for 12. Moscow, and reiterating a desire to continue co-operation with the
other delegations.
The reply suggests the appointment of a new special commission
to continue negotiations after Genos.
Russian Reply Partially Satisfactory.
Genoa, May 11.
On a preliminary examination, the Russian reply generally ap pears unsatisfactory, but from the British and Italian stand. point it is regarded as one we can get on wit5."
RUSSIAN'S DEATH IN LONDON.
Due to Natural Causes.
London, May 11.
The inquest on Georges Couzoucher (whose death was reported. yesterday) resulted in a verdict of death from patural causes. The post-mortem showed that death was dus to heart-disease following a heavy meal and the exertion of barrying to catch a bus.
The Coroner issued a permit for cremation. The ashes will probably be sent to the widow in Manchuria.
NOTORIETIES AMONG ARRESTED U.S. LABOUR
LEADERS.
Deny all Knowledge of Killing of Police.
Chicago, May 11.
The arrested Labour leaders (see Earlier Cables) include "Big Tim" Murphy, president of the Gasworkers' Union, and "Con " Shea, the leader of the historic teamsters' strike in 1914, which
resulted in considerable violence. All the men questioned hitherto deny all knowledge of killing the police.
NON-WITHDRAWAL OF JAPANESE TROOPS FROM SIBERIA.
Mr. Chamberlain Attributes it to Breakdown of Dairen
Conference.
London, May 11 `
A the Oval, Surrey beat Somerset by tea wickets,
SLIGHT ADVANCE IN H.C.L.
High Price of Food.
London, May 11.
For the first time since prices began to fall in the spring of 1920, there was a small rise, equivalent to 5 per cent, on the general level of wholesale prices in April as compared with March, mainly due to the high prices of food except cereals.
HOLLAND'S WORKING WEEK.
Raised from 45 to 48 Hours.
The Hague, May 11. The Second Chamber has voted the Bill amending the Working Hours Act. The principal change substitutes a forty-eight hour week for a forty-5ve hour week. Other amendments are to adapt the Bill to industrial needs.
THE KING AT ZEEBRUGGE.
Inspecting the War Cemeteries.
Brussels, May 11. Amid a farewell from cheering crowds, King George departed a tour of the cemeteries. He first visited the cemetery at Zeebrugge, where he inspected the Mole.
BOARD OF TRADE RETURNS FOR APRIL.
Decreases Compared with March.
141
London, May 11. The Board of Trade returns for April show; imports, £80,000,000, In the House of Commons, replying to the Right Boa. George exports. £55,000,000 compared with £87,000,000 and £64,000,000 Barnes, Mr. Chamberlain said he understood that it was owing to respectively in March. the breakdown of the Dairen conference that the Japanese Govern- ment had been unable hitherto to give effect to their declared inten- tion to withdraw troops from Siberi
THE ENGINEERING DISPUTE.
Employers Invite Unions to Further Conference.
London, May 12,
have invited
*
FRESH HOPE IN IRELAND.
Peace Committee to Resume Negotiations.
London, Meý 12. Dail Firsson's Peace Committee has agreed to resume negotia. tions. The House was accordingly adjourned to the 17th inst. The trace continues.
and other contingencies.
BOLSHEVIK ACTIVITY AT
SHANGHAI
The Shanghai Nichi Nichi is
The Working Account for 1920, elected on the proposition of Mr.local Russian Communist party. after allowing for Boous to coaJ. Arnold, seconded by Mr. Obou
| tributors and an Interim Dividend Sin-ki.
of 24s. per share shows that the balance available for distribution
is £431,626. 0. 9. This sum
your Directors recommend should
China Fire Insurance.
The fifty-tbird ordinary meet.
Offices for conducting propaganda among Chinese and KoreauS, KLJU the newspaper, have been estab- lished all over the Settlementa The Bolsheviks plan not only
News in To-day's New Advertisements.
be dealt with by the paymening of the Chins Fire Insurance revolution in Korea and China, of Final Dividend to sbare Co. Ltd., was held this muraing.but are also engaging the support. holders of 16. per share, by Mr. W. L. Pattenden presided of the Philippine independence carrying forward to Underwriting and there were also pressat the movement. Suspense Account to close the Hon. Mr. A. O. Lang, Hon. Mr. year 1920 the sum of £287,326. E. V. D. Parr, Messrs. G. M. 8. 9. and in order that the Bonus Dodwell (directors), C. Mont- Dividend of 20a, per sbare might ague Ede (General Manager.); be maintained, your Directors P. Lander, H C Gray, A. C. Hay, further recommend that you ac- W. R. Mansfield, P. M. Hodgson,
The 0.5.K. advise consigness" quiesce to their proposal that J. Bentley, A. H. E. Cobb, H. M. £35,500 be transferred from C. da Canbs, V.S. dos Remedior, of the arrival in port of the Equalization of Dividend Fund A. E. S. Alves, V. R. V. Ribeiro, Seattle Maru.-Page 4.
Attention is drawn to the Acconat to the Working Accoun: M. A. R. Souza, A. A. Alves and
B.K.V.D.C. rile meeting on balance for the year under W. Gardner.
The General Manager having Saturday and Sunday next- review,
Anticipating your agreement to read the notice convening the Page 4.
The Right of Way" is being this recomiendation. I feel it is meeting, both advisable and necessary for The Chairman said:-Gentle-show at the Coronet to-night me to warn you that a continu-men. The report has been in your whilst at Kowloon "The Grocers ation of this policy cannot be hauds for some time, and, subject Clerk" and "All Souls" Eve" are looked for, and unless con- to your approval, I will follow the the attractions.-Page 12.
The Atlas Maro has arrived ditione improve Bufficiently usual procedure, and take it, a-
to allow of the 1921 Working well as the auditors' report, an from Europe and the 0.8.K. give The accounts for 1920 consignees the usual notice.-- Account Balance meeting in full tead.
Your directors "Rich Girl Poor Girl" is being the demands of a 20e. Bonus show a balance of $617,272.06 to Page 5. Dividend, a reduction in this be dealt with, figure is inevitable.
recommend that this balance be shown at the World Theatre to- You will not fail to notice that appropriated as follows:-Divi-night-Page 12.
The Star Ferry Company's the dividends recommended will dend of $7 and bonus of $3 per absorb approximately £52,030 share on 20.000 shares, $200,000; meating takes place on May 2rd. more than was earned in interest to transfer to building reserve-Page 4. during 1920, a feature seldom [fund, & 00,000; to carry forward
to underwriting suspense active prickly heat Lotion.—Page 3. paralleled by our competitora,
I now move Those interested in the "Rising The balance of the 1921 Work-count, $317,272.06.
The Colonial Dispensary adver-
be the notice on page 4. accounts ing Account is £725,799.13s. from that the directors report and Sun," Chueng Chau, should see
AD Statement which it is recommended Interim Dividend of 246. per adopted. share, and the customary Bonus
of
Mr. Alabaster seconded and the of 20 par seat. to contributors of report and accounts were adopted. business, should be paid.
On the proposition of Mr. Bent It has been said with truth that ley, seconded by Mr. A. A. Alves, period of prosperity for ship-the Hon. Mr. A. O. Lang and the owners means a period of pros. Hon. Mr. P. H. Holzoak were perity for underwriters, and that re-elected directors, and on the the reverse is the case during proposition of Mr. A. C. Hay, periods of depression. Without seconded by Mr AB 5, Alves
To-Day's Exchange. The closing tale of the dollar on demand fo-day was 25, 6.13/16d. ̈ ̈ The Weather,
2 p.m. Bacomiter:1.83 Teme peratore:79 Bumidity--87-- Lighting Up Times