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YEE SANG FAT CO.
THE HONGKONG TELEGRAPH,"
COMPANY MEETING.
THE DOUGLAS STEAMSHIP CO., LTD.
on
The forty-fourth annual general meeting of the Douglas Steamship: Company, Ltd was held at the company's offices at noon Saturday. Mr. H. P. White pro- sided and ho was supported by the Hon. Mr. D. G. M. Bernard, Sir Robert Ho Tung, Mr. J. Davies (Directors) and Mr. A. H. White (Secretary.)
Shareholders prosent were Messrs. Ezra Abraham, S. T. Williamson, W. Macfarlane, C. L. Farmor and Chan Wing-keu.
The secretary having read the notice convening the meeting, the Chairman said:
MONDAY, MAY 23, 1927.
HANKOW CRISIS.
WEEK-END CABLES.
Changing Colour.
Shanghai, May 21.
NICARAGUAN REVOLT,
ENTIRE LIBERAL CABINET LEAVES.
The
Managua, May 22, Liboral leader, Dr.
General Yang Sen has landed with troops from a Portuguese Sacasas, accompanied by the en- steamer (which he commandeer-tire Cabinet, left Puerto Cabeza cd) within fifty miles of Hankowto-day aboard a steamer, bound, it and, It is reported, is ongaging is believed, for Guatemala City. Communist troops from Wuchang.
A large Rection of the Hupoh Nationalist troops stationed at Hanyang (across the Han River from Hankow) have announced that they are anti-Red: A clash with the Communists may there- fore be expected.
Although the immediate cause. for the departure is unknown, it follows closely on the Peace Pro clamation, issued by the Liberal peace dolegates, concerning Presl- dent Coolidge's order; authorising the American forces to accept thei arms of those willing to lay them Large troop movements from down, including the arms of the Hankow to Wuchang indicate the Government forces, and to disarm Gentlemen. Before commencing seriousness, with which the Com-forcibly those refusing to lay Dr. SacasaS the ordinary business I wish to ex-munista view the threat from Gen- down their arms. press our sorrow at the death of crals Tang Son and Chiang Kai-refused to accept the conditions.
It is understood that Dr. Mr. W. E. Clarke, who had been ahek-Reuter.
Sacasas intends to resume medi- a Member of the Consulting Com-
cal practice until next year, when mittee for some years.
he will possibly return to partici- pate in the Presidential campaign. -Reuter's American Service.
The Report and Accounts having been in your hands for some time, I will, with your permission, take them, and the Auditors' Report, as read, and it is to be regrettad that we have to lay before you such a poor Report for the Second year in succossion, but as you are aware, the Boycott by the Canton Authoritles against Hongkong continued for nearly the whole of the period under review, and though at one time in the early part of the year it seemed that some Improvement might be look
Situation Unsettled.
Hankow, May 21. It has been ascertained that the troops of Sha Tao-vin have not yet reached Pagoda Hill and have taken up a position about 12 miles from Wucharg. Negotiations have been entered into with the Wuchang authorities and Sha Tao- vin demands the six Red leaders. It is reported that the (15th) Hupeh troops were disarmed by the (8th) Hunanese at Havkan (?). It is gathered from wounded units arriving from the.
surrender.of
U. S. PRESIDENCY.
C. E. HUGHES TOO OLD TO STAND.
New York, May 21.
E
C R
A
M
E O
ATTENTIONTM
TOD
POLAR C
CAKE
KOWLOON RESIDENTS
To meet the unusual demand for
"POLAR CAKES"
Chocolate coated Ice Cream Bars
we have opened a store at 96 Nathan Road, Kowloon, where supplies can. be obtained" and deliveries made from 9.30a.m. until
E 1030 p.m.
Following the reports that he C
ed for we were doomed to dis-Honam front that an engagement might stand for the President, ex-
appointment and the result of the first half year's working closed with a loss of over $90,000.
In August, our Const Trade began to show a slight and gradual improvement and when the Boy cott was ultimately withdrawn at the end of October and we were once again able to send steamers to Swatow, which port had been closed to us since Juno, 1925, carnings increased in a marked manner and the steamers engaged in the usual Coast Trade were able to run at a small profit.
Halyang Laid Up, Unfortunately this was offset by the loss on working of "Haiyang," which steamer, owing to lack of profitable employment, had to be laid up for over four months: and this, added to the very adverse rate of exchange at which Coast earnings had to be remitted, turned what at one time looked as likely to be profit, into
a amall loss.
The Company's over draft at the Bank, and Loan on Mortgage amount to $147,752, ngainst an over-draft of $167,294 last year and you will notice that Accounts payable are some $11,000 less than last year.
RS
The amounts appearing Freights-Account Receivable &c. &c., have since been collected.
Regarding prospects for the current year, I am glad to be able to say I am in a position to tell you that they are very consider- ably brighter, as earnings on the Const since the commencement of the year have been good and there is a decidedly more sanguine feeling among our constituents and although it is unwise to pro- phesy, it appears that provided there are no more unfavourable episodes, We may hopefully anticipate the result of the year's | working.'
a5
I now beg to propose the adoption of the Report and Accounts presented and when it has been soconded, shall be glad to answer any questions to the best of my ability.
Hon. Mr. Bernard seconded the adoption of the report and accounts which were unanimously
carried:
has taken place to the Northward. The movement of natives with aggage towards the foreign dis-clared that he was tricts has been stopped by the local authorities. The situation is at present unsettled--Naval
Secretary of State Hughes de-
Wireless.
The Elimination of Russian Influence.
London, May 21.
The locked doors of banks, empty rice shops, and deserted river at Hankow, says the Times in a leader, signify a conspicuous Bolshevist defeat and with the now obvious decline of the Bol- shevist factor, a more nearly typi- cal Chinese situation is again arls. ing on the Yangtsze..
too old to
R.
stand, adding: "I would not seek I am for Mr. Coolidge and I be- and would not accept nomination. lieve, that he will be re-nominated E and re-elected.-Reuter's Ameri- can Service..
Hinoki and
'destroyers se Momi, with 150 marines and six field-guns, have been ordered to proceed to Hankow from Shang- hai immediately. Reuter.
Consular Archives Withdrawn.
Shanghai, May 22.
His British Majesty's Consul at It is hard to say whether it con- Chinkiang has withdrawn and all taing elements susceptible to the the official archives have been re- recently declared principles of Bri-moved. It is understood that tish policy in China but the search while the actual property of the or less pre- for a friendly and reasonable Consulate was more China will be maintained in spite served throughout the looting all of the bitter disappointments ex-private property belonging to the perienced during the last few personnel was either stolen or months on the Yangteze.-Reuter. damaged.-Reuter.
Admiral Expected.
Shanghai, May 21.
A Hankow message says that H.M.S. Hawkins with Admiral Tyrwhitt aboard, has left down- river.
It is believed here (Shantung). that Admiral Tyrwhitt is coming down for the purpose of a confer ence with Sir Miles Lampson on the general Yangtsze situation. Router.
..
Situation Normal.
Shanghai, May 21. Reports
the indicate that situation in all adjacent districts remains normal.-Naval Wireless.
Nanking, May 21,
The movement of troops across the river continues, but there is no appreciable change in the local situation.-Naval Wireless...
Destroyer Fired On.
Chinkiang, May 21. Massed troops ander the com- mand of General Ho are moving up to Nanking by train. The U. S. 9. Prebble was fired on yesterday morning from the South bank above Kwachow. The fire was re turned; but no casualties are re- ported on
Hon. Mr. D. G. M. Bernard, Sir Robert Ho Tung, and Mr. L. J. Davies were elected members of the consulting committee for the ensuing year on the propositionWireless. of Mr. Williamson, seconded by Mr. Macfarlane.
It was proposed by Mr. Farmer and seconded by Mr. Chan Wing- keu that Messrs. Lindstead and Davies and Messrs. Lowe, Bing ham and Matthews be elected anditors for the ensuing year at a remuneration of $500 each. The motion was carried.
SALESMAN ŞAM
I'M (KUITED OUT TO A GARDEN PARTY TONIGHT WE'VE ALL GOT TO BRING A FRIEND ALONG WILL YOU COME, SAM? - MEET ME ON TH CORNER AT B O'CLOCK TONIGHT
LAEN BAND! DEVONNITH
Bither side-Naval
Big Clash Imminent.
Shaoghal, May 21. The situation in Hankow grows more serious, and more menacing daily.
The armies threatening the city are drawing nearer.
In view of the seriousness of the position in Hankow the Japan-
I'LL GO, BUT WHAT TH SAM HILL IS A ... GARDEN PARTY?
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