slon proved to be the best market
for the foreign borrower. Bir Waber's opinion is that these
GOOD-BYE.
FOR HOME.
THE HONGKONG TELEGRAPH. SATURDAY, FEBRUARY 23, 1924.
borrawings form the best founda RETIRING RESIDENTS SAIL tion for an expectation of the or pansion of Brillah export tride, but while the outlook is good,! any real advanos would be con-
“THE QUAINTS
BRIGHT OFKNING SHOW
Hongkong is too well soquaint-
When the P. and O. s.s. Morea ed with Mr. R. B. Salisbury to ditional upon the absence of sailed at noon to-day, she took | need being told vary much about: serious. Inbour disputes which away many well-known residents him or the mirth-making-com- constitute the darkest spot on going Home on leave and also panien he always brings to us, but
It the horison.
WLA wain, three well-known men on retire-in the current company of “The however, to talk of prosperity ment while the shadow that veiled war hung over Central Europe. Those are the views of one of the wisest men in the financial world and we may well subscribe to them.
בות
Commander Beckwith, retiring from the post of Harbour Master, and Mrs. Beckwith went on board last evening but a number of friends went on-board to-day to wish them good-bye.
QualatTM we have with 'ng one of the brightest little shows ever to be welcomed here.
and
Last night "The Nine O'Clock: Revue" was put on as an opening show, and it proved to be a re- The Bank's Prosperity.
markably rapid succession of "turns," full of clean fun, musio I think, however, that, like the
Mr. A. E. Irving, retiring from and dancing. Mr. Salisbury was Chairmen of the London Banks, the post of Director of Education, inimitably funny in everything I can legitimately conclude with was "farewelled" by friends from he did, his song William the the University, the Education KontTM causing the audience to an optimistic note.
Amid all the political and finan-Board and Education offices demand that they should sing the cial disturbances in China and Miss Irving, who has been Cap-chorus just as two years ago they throughout the world, the Banktain of Girl Guides, was also insisted on singing about flies in stands powerful and flourishing-given a send-off by her troop winter time. In the Square No disorganisation of exchanges. Br. T. Petrie, retiring from therriangle"-a take-off of the ar dislocation of business, seem Editorship of the South China! elemal tringle-Mr. Salisbury to seriously affect its prosperous Morning Post, had a party of provoked much faughter career, and I am confident that pressmen to wish him "Good proved that as a humourist he is as it has greatly grown in bye"
personal friends ALADy
exceptionally gifted. strength since the world went to being also present.
Miss Dorothy James, another 1914, it will con pieces in
old Hongkong favourite, was as tique to be equal to any
appealing as ever-varsatile and that the fortune
fature meet with the hearty approval clever. In Miss Mavis French have ia store for Tefore sitting down, I would of every shareholder and that "The Quaints have another to propose that a hearty vocalist of decided ebarm, her like to pay my tribute to the was
hanking business vote of thanks be accorded to the Song of Persia being one of staff. In 1 such as ours with branches in Board of Directors and the staff. the outstanding items of the Olive Turner. London, New York, etc., whose Applause.) He was sure they evening. Miss transactions are all directed and all appreciated that the year who sings and dances, has a controlled from one central office 1923 had been a very dificult sparkle in her work and it goes
for one
business generally over" every time. Miss Diana! in Hongkong, great respon. xibility rests on the man at the and it must, therefore, be excaed-Maxwell is much in evidence in head of your affairs--the Honour-ipgly gratifying to them as share-the burlesque work of the show, clever and highly able Mr. A. G. Stephen-and holders to know that in that and is
not entertaining, whilst Miss Eila tho accounts we have been year they bad realised a able to place before you to profit of over 13 million dollars. Cameron dances with great skill. Mr. Ernest Melvin bears a big day must be a source of great (Applause) Those results were satisfaction to him. During the due to the efforts which had been share of the evening's work, sings last few years many of the senior made by the Board of Directors,well and ably seconds all that Mr. Mr. George the Chief Manager, and the Salisbury does. members of the staff have gone other managers and to the wise Curzon is also an artist and all into retirement and their places direction of the affairs of that in the picture, whilst the other have been taken by younger men, and we have found that the spirit important concern. Whilst giving members of the Company help to of zeal and loyalty to the service thanks they should not forget the make up one of the most talented has never been more in evidence rank and file, remembering that band of entertainers that has been than it is to-day. I am sure the results were due likewise to Hongkong's way for a long time. It is because of the brightness shareholders will agree that the the hard work and loyal co-opera- bonus to staff of 10% on theirtion of every member of the and novelty of the various items Bank from the and the thoroughly sparkling salaries, which the Directors pro-staff of the
to the lowest-(Apmanner in which "The Quaints
"Nine Dome to pay, is well merited.-highest
plause). In those circumstances, render them that the (Applause).
he felt sure that shareholders O'Clock Revne" is sure to attract
SECONDER'S SPEECH. would most cordially approve of a big house when it is put on Mr. R. M. Dyer, in seconding, the proposed bonus to the staff-again to-night.
aaid: Mr. Chairman, ladies aad(Applause).
gentlemen, I raise with much In closing the meeting, the
pleasure to second your proposal Chairman announced that divid-
that the report and accounts of end wantants would be ready on EDUCATION DIRECTOR.
the Bank for the year 1983 be Monday.
adopted. As you bave said, the
accounts call for little comment. They show a wonderful vitality
considering the bad times we are
EXTRAORDINARY MEETING.
passing through, and they indicate An extraordinary general meet- the solid foundations on which ing followed, the same directors the Bank has grown and prosper- and shareholders being present. ef during the last 60 years. The The notice of meeting having communities of the Far East may bean read, consider themselves fortunate in
MR. G. N. ORME APPOINTED;
TO ACTING POST. ALANYARD
a very
The current issue of the Government Guzette notifies that His Excellency the Governor has appointed Mr. G. N. Orme to act The Chairman said:-As aas Director of Education, with possessing a powerful Bank whose result of the natural expansion of effact from to-day. The Hon. Mr. policy is dictated from their our business and of the ever-E. A. Irving, the retiring Direct- midat, and to whom they can increasing demand for our notes.or, left for Home to-day by the bring their troubles with the cer- it has been found necessary to P. and O. liner, Morea.
Mr. Orme bas had tainty that they will receive a approach the Government with sympathetic hearing and a deci- the request for some modification varied career since he came to the I may say Colony as 3. cadet in 1901. Son without reference to the of our Ordinance. other side of the world where the that I anticipate no objections to Amongst the various positions be ever-changing conditions of busi-our request from the Hongkong has filled are the following:-
nor from the) Assistant Secretary
the ness in the East are hard to Government,
Acting As- sexplain and difficult to under- Colonial Office, nor from His Sanitary Board.
and. I must congratulate you Majesty's Treasury, and if the sistant Registrar General, act- on your interesting review of resolution which I am about to ing Second Police Magistrate. world and local affairs and I propose is passed by you, the facting Assistant Superintendent on Attorney General will prepare of the Police for the New Terri think the optimistic note which you concluded your speech a Bill embodying it for considera-tories, acting Deputy Superinten. was fully justified. The share tion of the Legislative Council dent of Police, Assistant District Officer in the New Territories, holders will. I am sure, agree The resolution is:-
"That the Directors of the Head of the Sanitary Department with me that we should bare every expectation that the Bank Hongkong and Shanghai Banking attached to the Crown Solicitor's will go on increasing in prestige Corporation be and they are bere Office on being called to the Bar and power and will become more by requested and authorised by in 1915, attached to the Attorney's than ever the main foundation and on behalf of the Shareholders Department, District Officer, sco Magistrate, of international business and of the Corporation to take the ing First Police
Director of Education Eritish prestige in China. Your steps necessary for the introduc acting T:marks about the staff will tion of an Ordinance into the (from March to November, 1919), bo fully endorsed by the sbare- Legislative Council of the Colony First Police Magistrate, Estate Commissioner, Official bolders. It is an asset of the of Hongkong and for the enact-Duty greatest value to the Bank, and ment of the same by the Gov-Receiver and Registrar of Trade it is pleasant to think that there or of Hongkong with the advice Marks. He is a B. A of Oxon is a sufficiency of rising men train- and consent of the Legislative, and has passed his final examina- el in the traditions of the Bank Council' thereof to effect the tions in the Chinese language, the speaking both the Cantonese and who will in due course direct its amendments necessary to
dialects. Mr. Orme fortunes. So long as that is the Ordinance under which the Cor-Hakko
and recently returned from Home case we can look forward with Poration is incorporated
carrying on business so as to leave. confidence to the future.
allow of the ordinary note issue BUSINESS MATTERS. The adoption of the report and of the Corporation being increas- ed from $20,000,000 to $30,000,000 accounts
unanimously
and to modify the existing re- agreed to.
On the proposition of Mr. A. quirements as regards the deposit Denison; seconded by Mr. Hoof security in respect of its note
The first prize, amounting to Kom Tong, the appointment of issue in the following manner.
(a) So that the whole of the lightly over ten lakhs, in the Messrs. A. H. Compton, N. L.
increase (namely $10,000,000) of Sweepstake held by the Chinese Watson and J. P. Warren as Directóra was confried and M. such ordinary note issue shall be Club on the Derby event, was won} G. T. Edkins, the Hon. Mr. A. O. secured by coin or bullion or by a Chinese named Li, wais connected with a local Chinese Lang and Mr. H. P. White Were Approved securities.
boarding house, re-elected Directors.
STJA
(b) To provide that whatever Messrs. A: R. Lowe, and C. the total amount of the pote issue Bernard Brown were re-elected may be at any particular time the amount of coin as distinct
DAY BY DAY.
auditors for the year 1924, on the from bullion or approved secur A lantern lecture will be given proposition of Mr. F. Smyth ties to be deposited by the corp at the Helena May Institute on Beconded by Mr. D. K. Bat. oration shall never be less than Monday, February 25th, at 5.30 NOTE OF THANKS. one third of the total amount of p.m. by E. Gordon Thompson, Esq.,
The Hon. Mr. H. E Pollock the bills in actual circulation.”* said that before the business of These resolutions were second the ordinary Yearly meeting of by Mr. E.EE. Hancock, and closed tin had a motion to po unanidiomly agreed to: case which he was sure would – THIS WATCH the business.
M.D. ERGS. Subject: “Along the Thibetan Border. The pabila Bre cordially invited. Lise Patie
University, machine
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