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ABAQUERIA FILIPINA

LEADING TOBACCONISTS IN THE FAR EAST¬

THE HONGKONG. TELEGRAPH TUESDAY, AUGUST 31, 1926.

ACTIVITIES OF GERMAN

NATIONALISTS.

"SPIRIT OF COMBAT."

Nuremberg, Aug, 80.. Prince Oscar of Prussin, who participated in the Nationalist rally yesterday, in a speech said, that he brought the Nationalists h greeting "from the small recruits In our family, who hope to servo, in the resurrected German army."

W

Prince Oscar proceeded to Holyoak, Massey & Co., Ltd.

glorify the old army and fts tradi tions, "hich we cherish in our hearts and desire to hand down to our children."-

The organisors of the Nationa- list "day of honour" telegrapher to the ex-Kalser stating: "The as- sembled warrioré remember their war lord" and, assuring him that "the spirit of combat and free- -dóm-is-still-alive in the German people, and will load them to now, great and happy.

times."- Reuter

SIR THOMAS LIPTON.

ATTACKED BY ANGRY SHAREHOLDERS.".

Sir Thomas Lipton confessed at the annual meeting of Lipton, Limited, in London on July 12th. that the-further decline of profts... revealed by the report for the year, was a source of great worry and anxiety to him.

The report was stated by one shareholder to be the worst in the twenty-eight years of the com- any's existence. Sir Thomas' con- trol of the company was strongly attacked and disorder broke out more than once,

Sir Thomas pointed out that he still retained his original holding of shares, and had purchased many in addition, some at as much ns 69s, por share. He had never yet sold a single shure, and a slump would mean a serious loss to. him..

He had founded the business. starting in a single shop in his native Glasgow, and he under- slood, the business as well as any man, could. It represented his life's work, and it was his inten- tion to see it restored to its former position before long.

He was prepared to sacrifice all ities of rest and recreation in a gam fer that the business should re- kain its wonted position.

A shareholder said that Sir Thomas had done his best, but it

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29

to resign his control of the com- Dozen pany and let Sir John Ferguson, the new deputy chairman-and- director of finance, have an ab solutely free hand.

A storm of protest greeted an allegation by a shareholder that the quality of the food sold in the branches was questionable.

Another shareholder said that

$ 1,20 $13.00

ALBERT

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if Sir Thomas Lipton would go who had called in Joseph with the out unreservedly for twelve or eighteen months, Sir John Fergu son, backed up by capable men in the grocery trade, would bring Lipton's round..

happiest resulte, Sir Thomas was now to have the co-operation. of an eminent banker.

The speech was interrupted fre A long speech by a front row quently, and finally Sir John Feru- shareholder, in which he complin said: "You are reading an

Cesay, sir.".

mented the general manager, erent-

Sir John Ferguson replying to ed an uproar, and the speaker was shareholder who said he under- almost shouted down.

stood the company's bank over.

"You have been well advised, draft in March was $10,000, said Sir Thomas," said a shareholder, that the 'overdaft of a company to go on a holiday. I suggest was no indication of ita financial that you go in your yacht."

position.. Their indebtedness to

A quiet voiced man reading their banks in London was now. from manuscript, said Sir less than it was three months ago. Thomas had been like a father to The report and accounts were

majority vote: the company. Like, that Pharaoh | adopted on

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