THE HONGKONG TELEGRAPH.
STEAMBOAT COMPANY. granted full pay for six months,
Ap
(Continued from Page 1.)
SOVIETS DEBTS.
CLAIMS NOT BEING PRESSED.
and your Directors felt that they must take into mocount his 23 yours' unblemished record in the Company's servloo. It was thoir! unanimous opinion that he should nexion with the building of a now not lose his pension nor a reason-
London, Feb, 18. steamer for our Maodo run, wabie grant on retirement. The Replying to Mr. Ponsonby in shall lay bofore you our consider amount you state is correct, the House of Commons, Mr. ed proposals..
Capt. Turner was discharged Auston Chamberlain said tho So far as the current year's for adequate reasons and was Soviet Government had made no trading prosposts are concerned, I hesitate to express any opinion. von a bonus of six months' pay. frosh proposals for a settlement This officer in not drawing of the olaims of British nationals Uno dominant factor continues to
ponalon.
against the Soviet. Such pro bo the uncertain outlook in con-
Mr. Kolly Sayoe:-Another mat-posals, if made, would be careful- | nexion with the disturbod political tor I notice is the extraordinarily ly considered. situation In Canton, an uncer heavy repairs account. Is it not a tainty which is not lessoped by fact that the Company does not then the polios of the Govern- the lawless conditions in tho
ask for tonders for repairs as is ment to leave the creditors of; neighbouring Province of Kwang-customary in other local com Russia to their own devices, and tung. A business such as our pantes but automatically gives not help them or support them? must naturally depend to a great its work to one special Duck ([inisterial laughter) and Op- extont upon the general indus- Company, without asking other position choorn). trial prosperity both in Hongkong ship repairing yards to quoto? Mr. Chamberlain said if ho and Canton, and until thero is If this is the case, is it not time thought the Goromment could some definite and steady improve some change was made and ex-usefully take stops at present it mont in the political, industrialand financial situation there can of pontos cut down through open would take them, but he did not course, be no real solid recovery of competition botwoon the various think Ho.
local companies? business.
THURSDAY, FEBRUARY
A GOOD THING
DAIRY FARM
HASLET
Mr. Ponsonby asked, was THE IDEAL SANDWICH MEAT
Ho added smilingly that creditors of the Russian Government were perhaps not wholly sorry ho was not pressing for a solution for which Mr. WAR rosponsible.-
The Chairman :—It has always I cannot close those romarks
boon the practice and policy of without again waying how much. we are indebted to the officer, of Directors to repair their the Company afloat and ashore hips at the Dockyard at which Ponsonby and to the Company's Agente in they were originally built. If a Reuter
now ship 18 contemplated, Canton and Macao for Our ontimatou aro invited from results, and I trust you will ogkong, Shanghai and evon endorse our proposal to transfor the United Kingdom.
the sum sot out in the accounts Mr. Sayco: How many mon to Floating Staff Pension Fund and the payment of a cash bonus are thoro ou ponsion at the of $5,446 to the office clorical staff and wharfingers.
present time and who are they?
PASSENGERS DEPARTED.
Per 8.8. President Pierce for Manila February 18.-Mra. A. W. The Chairman: Bix. I don'tAnderson, Dr. H. Anderson, Mrs. quita follow the purport of your. Anderaun, Dr. May Browne,
I do not think there is any questions, and I cannot believe Dr. Jennie Browne, Mr. Luin thing that calls for comment, that the questioner is supported Decena, Mr. R. Denny, Mrs. A. and I now bog to propose the adoption of the report and ac- by the rest of the meating.
counts.
After the motion has
STAFF PENSIONS.
Denny, Mrs. R. Z. Hansen, Missi
i. Jones, Mr. Pedro Leddaran, Mr. E. Lange, Mr. E. C. Lightner, Mr.
boon Boconded I shall bo Mr. Sayco 800 In the Candido Moralew, Mr. H. W. pleased to answer any questions balance shoot, Floating Staff Pierson, Mr. J. Reich, Mrs. J. Abarebolders may wish to put, to Pension £18,450. Is this monoy Reich, Mr. J. F. Richmond, Mr. H. the best of my ability.
invested in sterling, and if so, L. Rowley, Mrs. H. L. Rowley, bow?
Mrs. Marion Wright, Mrs. II. Z. Schumacher,
SECONDER'S SPEECH.
The Chairman :-Tho fund was In seconding, Mr. Crouchor inaugurated in 1921 when £10,000 said I have very much pleasure was transferred from the Profit
each
year,
Per 8.8. Tawa for Singapore- February 18.-Mr. W. H. Bredin, In Reconding the resolution and Logs Account. Other sums Mr. F. L. Vellenga, Mr. and Mrs. which has boon so ably proposed havO boon added to
Kitchen, Mr. H. Walden, Mr. A. by our Chairman. You see from
and tho total Chuhaldin, Capt. G. J. Dilg, Dr. his statement what has been the payments have been about £2,017. and Mrs. J. T. Stone, Miss K. rosult of the cautious policy that 16.0. The money was originally Stone, Miss Z. Wynne, Mr. G: has been adoptod by this Com- invested in British Bands, but at Hewett, Mr. and Mrs. R. Hopkin-| pany. In the past the Directors present it is in cortain local croated reserves, with the rosub stocks. There is no need to do, Mr. A. Salmon, Mr. A. Cun- ningham, Mr. and Mr. T. W. we are bonoliting to-day in being food the Company's policy in Ross, Miss 1. Ross, Mr. W. T. prosented with a very satisfactory setting aside. a certain sum oach Pendleton, Mr. and Mra. E. War- balance sheet. You always have year for the protection of its to prepare in the good times officers. We were the last Com-wick, Mr. A. F. Baker, Mr. P. B. the times that are bad pany to commenco such a fund, Shah, Mr. B. L. Mehta, Mr. H. P. because the bad times always do and, without it, it would bo im- Per s.s. Mishima Maru for Aus- como-thay follow rapidly after possible to expect that we should the good times; Anyhow, the retain the servicos of some of the tralia via ports February 17.—Mr. careful management that you finest mon we have over had in. Surman, M. Mr. Manuk, Mr. and Mrs. S. Yamasaki, Mr. R. P. have had in the past and the four service. cautious administration that is
Sayco :-The balance Motlitt, Mr. J. L. Jeffcoat, Mr. N. taking place to-day onsures us shoot states that the amount ox- J. Johnson, Mr. T. Takakuwa, Mr. receiving a very fair and a very ponded to dato is $7,804 76. Is D. Gunn, Miss M. Gunn, Mre. G.
the satisfactory dividend, I hopo, in that Amount of pension M. Cooke and infant, Miss Robert- the future I cannot close these already paid, or what? It soomsson, Mr. and Mrs. W. F. Tucker, romarks without endorsing the to me that the amount paid for Mr. and Mrs. M. F. F. Airey, Miss observations of the Chairman pensions is altogether too oxsos-Airey, Mr. J. Hiraoka, Mr. and how much we are icdebted to all sive.
Mrs. S. Itoh, Master II, Itoh, Rev.
for
Mr.
question. "HEUNSHAN
INSURANCE.
Advani.
the officers of the Company, afloat The Chairman: I think IP. S. Tamayo, Rev. P. G. Ramiro, and ashore, for our results. have already answored your3ir. K. Yokose, Mr. R. A. Hunt, Moro especially would I like, on
Mr. T. Hoshimoto, Mr. and Mrs. behalf of us all, to thank tho
F. Sing Sue-yek and son, Mrs. E.! Hon Mr. P. H. Holyoak for his
J. Surman, Mine Surman, Master hard work, his skill, and his Mr. W. T. Showan questioned Surman. Mr. M. Tomioka, Mr. K. prudence in his conduct of the the Chairman in regard to the Sakaguchi, Mias Carmen Salvador, Company. The times have been insurance on the Heungshan and Mrs. F. Vda de Salvador, Mr. J. very difficult, and it takes a good said that it was the general fool- Solomonoff, Mr. G. Cherzagelf. Mr. man to steer clear of the dangersing that it was undor-insured, Hintze, Mr. T. Kobayashi, Mr. T which surround our business The Chairman :-The Directors Koyakumaru, Mrs. L. Altshuler, Mr. Holy k has shown himself aro quite prepared to defend their Master A. Altshuler, Miss F. fully capable of so doing I am policy.
Altshuler, Miss Hintze, Mr. C. supported by all shareholders in Mr. Showan The amount Chuldinn. Mr. K. Mano, Mr. exprossing particular satisfaction paid for repairs in $167,141.86. Is Richard Reynolds, Mr. Y. Fukuda, at the announcement that the the amount of $30 000 taken from Mrs. Asuncion de Castro, Mrs. | Directors have set aside a cash the Special Ropair Fund in 1. Mano, Mrs. A. Hitomi, Mrs. S. bonus for the office clerical staff addition?
Sawano and infant, Mr. U. Kino- and wharfingers and have trans- The Chairman :---Yos.
shita, Mr. S. Hibatake, Mr. Lee ferrod the sum set out in the Mr. Showan: So that we spent Dze-ho, Mr. Raymond Reynolds. accounts to Floating Staff Pon-Hearly $200,000 in repairs last Mrs. J. Ryan and one infant, Miss sion Fund.
your. As our not takings wore. Cooper, Mrs. M. Reynolds, Mrs. only $368,000, it would soom to: PENSIONS TO CAPTAINS. be rather oxcessive. It sooms to Feliza Flores, Miss Carmen M. Mr. Kelly Sayce: I have a few be the opinion generally outside Ryan, Mr. William Barton, Mr. G. questions I would like to ask, that the Company is being run Chalmers. Mr. II. Grune, Mr. M. In your speech I notice you did oxtravagantly. Can you tell me Kobayashi, Mr. I. Hitomi, Mr. K. not make any remarks roparding what the office expenses aro?
The Chairman :-I am afraid the vory substantial sums paid to Captains Thomas and Turner on not we did not come prepared baing dismissed from our service. for such a question. In the case of the former gentle-
Okiyama.
and Mr. T. G. Woall wore ra- Mr. Showan-Will you toll moolooted inembers of the Board. man, it is common knowledge if I call round at the office somo
Mossra, Linstead and Davis | that ho was in command of our time, and will they also tell me
and Messrs Lowe. Bingham and fino ateamor Heungshan, which how our money is invested?
wore ro-elected in view of his negligence (as the The Chairman-I don't think Matthows finding of the Marine Court of that it would be in the best in-auditors at a salary of $1,000 Inquiry testified) was lost. Are loresta of the Company to do so. per annum each.
por AGNUM,
NO RESENTMENT.
wo sharoholdors to infor from Mr. Showan (sitting down) :-I the payment of this bonus still think that the Directors
At the conclusion of the and tho fact that the ware negligent in not insuring
have Directors
larger bustness, the Chairman said:-I this the Hongshan for a granted
should like to say that there is gentleman a life pension of amount. £250
The Chairman:-It must be not the slightest rosentment on that the Directors place a premium on remembered that the Houngshan the part of the Directors at the It was criticism which has been offered nogligonco la any other Com-was forty yours old. pany, in row of the Marino particularly unfortunate that sho this morning. Criticism is good shows the Company le Court's fluding, an officer would was lost so soon after a large and have been summarily dismissed amount in repairs had been spout alive and is invited, especially And at the same time forofcited upon hor. any possiblo consideration for bonus or pension. I do not know
whore thoro as nothing to be feared. There might bo a diffor BUSINESS MATTERS. once of opinion as regarde tho for what reason a grant was made The motion to pass the report insurance on the Houngshan and to Captain Turner, but I shall be and accounts was then put to hor book value, but wo acted to meeting and Garriod. the bost of our wisdom. The oxtremely obliged to you, Sir, if the you will explain these matters, Mr. Randall proposed and Mr. past year has not boon an easy stating the exact sums paid and Silva soconded that Mosers one, and the Directors have had payable to these gentlemen, 'no Gordon Mackio and Mr. J. M to deal with oxtremely diffioult havo givap Alvos be clooted Directors of the questions. Thoy longer in our servico.
The Chairman: It is perfectly Company, and this was carried. loyal and devoted servico.-(Hoar, true that Capt. Thomas was The Hon. Mr. P. H. Holyoak bear.)
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