Frigidaire
ELECTRIC REFRIGERATION
ELECTRIC COLD THE SECRET
OF FOOD PERFECTION
Call and Inspect Demonstration Sets Operating at
THE HONGKONG ELECTRIC Co., Ltd. (Queen's Road Showrooms) THE CHINA LIGHT & POWER Co., Ltd. (Nathan Road Showrooms) THE MACAO ELECTRIC LIGHTING Co., Ltd.
MAGAO.
Sole Distributors for Hongkong and South China.
THE UNION TRADING CO., LTD.
York Building. 'Phone 0.587.
The..
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C. INGENOHL
Our Service)
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ALL WORK FINISHED WITH IN SEVEN DAYS
THE INTERNATIONAL DRY CLEANING & DYEING COMPANY,
19 Wyndham Btreet,
לו
Hongkong
THE HONGKONG, TELEGRAPH.
THURSDAY, AUGUST 4.
1927.
SWATOW TENSION.
CHINA PROVIDENT.
SACCO-VANZETTI,
FLIGHT SENSATION.
SIGNS OF TROUBLE IN THE FUTURE
SOMETHING
SHAREHOLDERS AGREE TO: CAPITAL CUT.
PRISONERS REMOVED. TO
DEATH HOUSE..
SECOND BRITISH INDIA EFFORT FAILS.
.:
Swatow, July 30.
Boston, August 3.
Vienna, August 3.
Shareholders of the China Pro-, While outwardly conditions In vident Loan and Mortgage Com Sacco and Vanzetti, whose execu- Flight Lieutenant Carr and. Swatow appear to be more or less pany yesterday passed a resolution tlon has been fixed for the 10th Flying offleer Dearth, on a non- normal, with few indications of to reduce the Capital of the Com-inst. have been removed to the stop flight to India crashed in the any approaching storm, there is pany from $6,000,000 to $3,000,000, death house of the Charlestown Danube at Somerberg. Both were undoubtedly an undercurrent of a meeting being held at the regis-State Prison, but the defence is injured-Reuter."
feeling and the possibility is being discussed of the Reds again get ting the upper hand. Support is given to this view by the fact that circulars, violently anti-Chiang Kai-shek, have again made their appearence, but steps have been taken by those who issued them to make the circulars appear harm less until they are carefully scru- tinised,
·
The first part of the circular Is harmless and related nothing more or less than a story which is continued towards the end of the screed. The middle part, how over, is typically Red, and shows definitely that the Communist In- fluenco is still present.
A Union Success. Some of the unions are begin ning to feel their strength again and a strike has been called of the staff of the Netherlands Bank. This was the result of a very ancient grievanec concerning a riesha coolie who was discharged on being found dishonest.
The strike only lasted one day, the union demand for three months pay as compensation for the dis- charged coolle being agreed to.
This success on the part of the union will most likely result in further strikes and there is specu- lation as to which firm will next be singled out by the unions for seme extortionate demands.
There are rumours that martial
law is being enforced slowly and secretly; at any rate, boarding. houses, hotels and public places are being searched several times each night for suspicious charac
ters.
General Executed.
tered office, Pedder Building, The
London, August 3. The fact that Carr had actually
Chairman said that although this more optimistic than at any time was the first step in placing the since Governor Fuller and his Company on a sound basis, the committee began an investigation started another air force non- of the two stop flight to India had been kopt move had been preceded by the re- of the historic case
Italian radicals.
very secret from the British pub- allzation of a substantial loan un- This policy of
The committee's reports is due lic. The most recent intimation der a mortgage. thawing frozen assets would be to-day. It is believed that the of the Air Ministry's intentions July 29 and continued as circumstances per- condemned men will be further re- was published on
spited pending action"by the Mas-stated that the flight was probable mitted.
sachusetts Legislature leading early in September, when there The Chairman. Mr. C. A. dato a retrial. Reuter's American would not be trouble with the
Service. Roza, said, in full:
monsoon.
Hence the Vienna message to- day announcing the crash in the Danube of a British military ma-
The purpose of this meeting is to effectuate in a formal manner
decision which you have already that portion of the deficiency, inchine with two officers, who left made in reference to the Com-tended to be inet out of capital. England at noon yesterday for India' pany's capital. You will remem ber that the report of the Com- Depreciation Reflected. was most surprising: The tele- mittee of Investigation which was The Board wishes me to em- gram added that one officer was presented in November last year phasise that whilst they consider severely and the other alightly in-
Both were
to included a recommendation to the new capitalization safe at $5 Jured.
conveyed write off the losses incurred by per share, the figures necessarily Ashach near linz.
The crash is attributed to over- the Company by reducing its cap reflect only the opinion of the tal to the extent of $4.50 per Board, but they consider neverthe heating of the engine. The ma- share. This recommendation was leas that the fixed assets of the chiné lies in the Danube badly strongly supported, and was adopte company are now valued on a con- damaged.
Enquiry at the Air Ministry ed by the Company.
servative basis fully reflecting the
taken confirmed the news of the start of has The Board consequently con- depreciation which
re-Carr, this time accompanied by sidered it desirable to augment place, and at these values a further the reserves resulting in
munerative return might be ex-Flying officer E.C: Dearth. They the deficiency being increased by pected given normal trading con-lett Cranwell aerodrome yesterday afternoon in a Hawker Horsley. 60 cents per share to $5 per share,
ditions...
assur-machine-Reuter. and this was given effect to in the
Carr's Report. balance sheet dated December 31. 1926, presented to the general meeting of shareholders, held in May last.
"
No Objection Anticipated. On that occasion your vote was not taken directly on the issue before you to-day, but the ac- counts were reviewed in detail and
We can hardly give an ance, at least not in the same de
London, Aug. 3. finite manner, in reference to the
A message from Vienna states value of the oating assets, but all known losses have been anticipat- that Dearth is seriously and Carr ed and furthermore a general slightly injured, but the Air Minis- reserve of over $700,000 has been try says it has received a telegram provided to meet the possibility from Carr stating that the crew of further loss on realization of were shaken but not badly hurt. investments or in liquidation of Reuter..
loans.
WEDDING.
INTERESTING CEREMONY AT
SHAMEEN.
the Board foreshadowed the meet-tal you are considering to-day is
Although the reduction of capi-]'. ing we are now holding. The the first step towards placing the Board has therefore considered Company on a sound basis, it has that you have given your tacit ap- already been preceded by the rea- proval to the capital being reduc-lization of a substantial loan by ed and we hope that your approval the Company under a mortgage, Chan Yi, the Fukiencse general will be given in a formal manner
and we propose, continuing this who joined the local forces about today:
policy of thawing frozen assets A large numbor of friends at- six months ago was executed re-
The extraordinary resolution be- as. circumstances may permit tended the wedding on Monday rently in the Chun San gardens, fore you, gentlemen, will have to without which the reduction in morning, at Christ Church Sha- He was taken from military head be submitted as a special resolu- capital can bring no benefit. quarters in a motor car, and from tien in the usual way to a second
meen, when Miss Lydia E. Orto- reports of eye witnesses he led meeting and the Court will be peti
lani, daughter of Mr. and Mrs. A. gamely. Three days before histioned thereafter to confirm the
I now formally move the foliow-Ortolani, the Postal Commissioner execution two of his guards were
Mr. at Canton, was married to ing extraordinary resolution: shot, it being proved that they
That the capital of the Com- Walter F. Sokall, the representa- were negotiating with their pri The Campany's shares as you pany be reduced from $6.000,000, tive for the Dollar Steamship Com- soner to allow an escape for 36,- know are fully paid up, and as the divided into 600,000 shares of pany. Rev. C. Blanchette officia. contemplated reduction in capital $10 each to $3,000,000 divided ted, and the bride was given away does not include a diminution of into 600,000 shares of $5 cach, by her father. The bride was at any liability, we do not anticipate and that such reduction be effect tended by her sister, Miss Gilda any objection by the Company's ed by cancelling the capital which Oriolant, and the two daughters.
This will facilitate a has been lost or is unrepresented creditors.
000.
reduction.
-Resolution Carried.
Chan Y's downfall is due to the fact that he was badly bluffed when he was offered a high post tion if he would bring his 10,000 men and join forces. His troops petition to the Court and we do by available assets, to the extent of Mr. and Mrs. Mass, who acted were split up, and the General not expect any difficulty in obtain of $5 per share each of the sa bridesmaids, and Master. G. found himself with no supporting an order confirming the re- 589,578 shares which have been Lammert as pageboy. Mr. B. B.
duction, when he was thrown into prison.
issued and are now outstanding, Anthony, of the Standard Oil Co. This was probably an attempt to extort money from him as he was reputed to be worth $3,000,000, He was offered his freedom for a million dollars but refused this and also a further offer of freedom for $300,000.
We hope this formal matter will and by reducing the nominal of N.Ye, at Canton performed the be concluded in time to enable us amount of all the shares in the duties of beat man, while Profes- to show the capital of the Com-Company's capital from $10 to sor Waters was the organist. pany at a figure more in relation $5 per share, provided always Following the ceremony at the to the intrinsic value of its assets that such reduction shall be with-church, the happy couple repaired in our next balance sheet at De-out prejudice to the Company's to the residence of Mr. Ortolani cember 31 next.
rights under Article 32 of the Ar-
Draw on Reserves."
Reports from the Hunan border
ticles of Association to sue for on the British Concession, where are conflicting but it seems that
and recover all arrears of calls toasts were made and exchanged the Hankow party has succeeded The issued capital of the Com-pect of any fortelted shares."
now outstanding and due in res- by their many well-wishers, in their strategy, keeping Nanking pany was 596,247 shares of $10
The reception ended, Mr, and busy with an invasion while the each, of which 5,669 shares were solution.
Mr. C. Mancini seconded the re- Mrs. W. F..Sokall left Canton. at
army
$ o'clock the same afternoon by has been concentrating on forfeited in 1926 for non-payment Kwangtung.
The Chairman said: Before the Lungshan for Hongkong, and All troops available of calls, leaving the capital of putting to the meeting the re- after a short stay, at Repulse Bay, here have been sent to the border. 589,578 shares of $10, equivalent solution which has been proposed, they will proceed to the States Apparently there is some uneasi-to $5,895,780. Of the shares for- by myself and seconded by Mr. ness among local officials several have sent their familiea in calls $32,125, which sum it is say must be passed by a majority
awny.
36 Nathan Road."
Kowloon.
Power full SOCONY GASOLINE
BB feited the Company had received Mancini, which resolution I might for their honeymoon.
Mr. A. Ortolani has been trans- intended will be utilized in partly of three fourths of those prosent ferred to Mukden in North China, writing off the deficiency. The at this, meeting in order to have and with Mrs. Ortolani and Miss deficiency amounted at December legal effect, I shall be pleased to G. Ortolani, has left for his new 31 last to $2,081,235, and it is pro- elucidate the point further if you post. RUBBER PRODUCTION.posed to meet this sum in the so wish.
following manner:
There were no questions, and on BUD GRAFTING BENEFIT NOT of 589,573 shares of $10 each fully solution was carried nem con.
By reducing the nominal value being put to the meeting the re-
IMMEDIATE.
ARIZONA RISING.
CLASH.
paid up to shares of So each, fully The chairman, Mr. C. A. da paid up, $2,947,890, by applying Roza, was supported by Sir. Rob- FEDERAL FORCE AND REBELS New York, Aug, 3.
the balance of forfeited shares bert Ho Tung, Mr. A. L. Alves, Mr. account" being the calls received T. B. Wilson, Mr. C. B. Brooke, Mr. F. R. Henderson with a view to correcting a possible wrong im- the company on forfeited Mr. S. M. Churn, Mr. N. V. Cron- pression in a recent interview, has from general reserve of 1,220, (directors), Mr. D. L. King, (secre-state of Jalisco Mataico in the
Nogales, Arizona, August 3. shares, $32,125, and by transfer cher, and Mr. P. M. Hodgson, lasued a statement declaring that making a total of $2,981,235.
Fighting is reported in the
any reduction in the cost of rub-
tary), and Messrs. D. W. Munton, course of which, it is said, sixty ber under the bud-grafting system are drawing on the general re-mons, C. Mancini, A. Gillard, Wthe Federal Force was repulsing You will note, gentlemen, we A. Keith A. Keating, W. F. Sim-Federal soldiers were killed when is unlikely to be effective for at sarve for the small auni of $1,220 F. Lee, V. Sorby, and T. Arnott, three hundred rebels.-Reuter's least eight years. Reuter's Ameri- in order to keep at $5 per share (shareholders); con Service.
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SALESMAN SAM
ALL UP-HILL. THIS
MORNING!
WHAZZA MATTER, SAM? AW, I WAS JUST YOU LOOK LIKE IT'S READIN' IN TH
PAPER WHERE A GUY GOT HIT BY A TRAIN AN' HAD ONE O' HIS LEGS
BUSTED!
CATCHY
FLY PAPER
1$ DOWN
CREAIN
QUEK
HE MUSTA BEEN DARNED CARELESS!
Too Bad for Sam
TH STORY CALLED IT JUST PLAIN
LUCK!
YEAH, AN! IT SAID IF HE'D BEEN HIT ONE SECOND SOONER THEY'D BOTH BEEN
BUSTED!
FLY
PAPER
15
BACK!
WELL, WHAT ARE YOU FEELIN' BLUE FOR?
By Small
WELL, HECK, I NEVER
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THAT!