Malkin's Tiles onsure truly artistic effects when harmonising with existing
colour schemos.
An Inspection will
Favourably Surprise you.
Estimates & Suggestions Freci
C. E. WARREN & Co., Ltd.
China Building. Tel. C. 369.
The
Hongkong Telegraph.
FOUNDED 188: NO. 23,251
六拜,骏七廿月八英港香 SATURDAY,
AUGUST
LOAN FOR PUBLIC WORKS. REALTY COMPANY. SHIPS FIRED ON.
U.S. FLAGSHIP HITS BACK.
GOVERNMENT IS TO RAISE
$5,000,000.
PER ANNUM.
"HAS NOW TURNED THE CORNER."
PAYING OFF MORTGAGES.
Presiding at the fourth annual general meeting of the Hongkong
same as read.
SERIOUS, ATTACKS ON YANGTSZE CONVOY,
$36 FER ANNUM
21 1927. E-A SINGLE COPY 10 CENTS
FOOTBALL PRIZE.
$50 OFFERED EACH WEEK.
יי
Bulls
Ensolive August 1, 1927, we announce our appointment as Distributors for Hongkong and South China of the following products of the General
Motors Corporationhe
BUICK MOTOR CARS OLDSMOBİLE MOTOR CARS G. M. C. MOTOR TRUCKS
THE DRAGON MOTOR CAR CO., LTD. Telephone Central 1248 or 1247.
33, Wong Nei Chung Road. Happy Valley.
and Inners
ច ជ From the Office Butts.
:
☐ ☐
919
ם ם
The Philharmonic Society has Both matsheds and match heads sixteen Vice-Presidents, which is appear to have a flickering exist- NEW FREE COMPETITION. probably one way of maintaining ence.
harmony.
"Reader:" Yes, we agree that Commencing on Monday next,
The current number of the Red in the matter of dresses and August 29th, the Hongkong Tele-Triangle publishes a photograph typhoons, there is scant reason f. But why torment BONDS OFFERED AT SIX PER CENT. Reality and Trast Co., Ltd., held at NORTHERN ADVANCE. graph will conduct a football com- of a recent vedding group under complaint. petition somewhat on the lines of the heading "Spa Going Section." yourself? Shanghai, Aug. 26
Once aboard the lugger,
0:0 that which was
"Typhoons' cause disturbance. In so successfully The American flagship Isabel, with Admiral Hughes aboard, and run last season.
America is to ban air stunts, business but nevertheless there
is always a big turnover. the destroyer Non, which par-
We shall offer a prize of $50 How are the flighty fallent. ticipated in the bombardment of every week to the reader who
00
When talking to a flapper, we The airman Booke has met with Nanking in March, were convying sends in twelve correct forecasts of three British murchantmen from the English and Scottish Football a series of disasters. Evidently it naturally feel sorry for the cotton Nanking to Shanghai when they League matches set out in the is not every Byrd who can fly. industry. were very heavily fired upon by the coupon which will appear in each Nationalists 40 miles below Nan-issue of the paper.
Kissin at the Co-operative.com- The Pacific air race has had a ference stated that Russia was dis- king.
In the event of no reader forevery Dole-ful ending.
regarded. Ho could not have rectly, we shall give $25 to the casting all twelve matches cor-
known of the exercise when the reader who sends in the greatest mainly be placed on the wind, taken it as a compliment to his
Thus the Post. "Reliance will Russia left here, or he would have ›
if any two readers or more tie in windmill, so constructed that it number of correct forecasts, and which will be caught in a small name. this respect the prize of $25 will can be set to catch the breeze from be divided equally between them.
The state of the Taikoo, Wan-yi any quarter and drive the crew." might be interpreted thus: There is no entrance fee and $25 Probably to drink!
"Taikoo! Want yol must be won every week. Anyone lucky enough to make twelve cor-
It is not true that the Cathedral rect forecasts will get $50 (prize authorities have offered to assist to be divided in the event of more the Hongkong Cricket Club, by than one such forecast).
Watch out for Monday, when bats to the belfry.
allowing members to carry their arms? the first Coupon and full Rules will be published, "
The Intention of the Government to raise a public loan for the financing of big public works takes definite shape to-day by the publication in the Government Gazette of the draft of a Bill which it is proposed to introduce into the Legislative Council on Thursday
The gunboats replied to
the Exchange Building this morning, Mr. J, Scott Harston, re- viewing the year's activities said: Gentlemen: As the Re- AERODROME PROVIDED FOR out and for several days, I will, your hands for several days, I will, with your permission, treat the The Report of the Auditors is as follows: "We report that we have audited the above Balance Sheet with the "Books and Vouchers of fire, the Noa alone firing 3,000 this the Company and that in our rands Springfield opinion auch Balance Sheet is rifles and guns. properly drawn up so as to ex-Americans were injured, but hibit a true and correct view of Chinese aboard one of the convoys the state of the Company's affairs was hit in the ankle by a rille the best of our information and at 30th June, 1927, according to bullet. the explanations given to us and as shown by the Books of the Company. We have obtained all the information and explanations we have required."
next, September 1st.
The Bill makes provision for a loan of $5,000,000 to be secured on the Colony's general revenue, for the carrying out of certain public works. The purposes for which the loan is to be applicable
are set out aa:-
Waterworks Development
Aerodrome and Harbour Development Other Public Works
$3,500,000
1,000,000
500,000.
The loan will carry interest at the rate of six per cent. per annum, and it will be redeemable at par on November 1st, 1938, and at any time after October, 1932, the Governor may approve of the redemption by purchase of bonds to be drawn for by lot.
All moneys appropriated out of the revenue for the service of the loan will be deducted from the revenues before the calculation of the military contribution.
FINANCING SHING MUN SCHEME.
Main Clauses,
The main clauses of the Pro
tion, at the head office of the Hongkong and Shanghai Banking Corporation, the principal moneys
represented by those bonds, with all interest payable thereor up to that day.
|
LINSTEAD & DAVIS. Chatered Accounts:
Auditors.
I think that the Balance Sheet accounts as presented, taken in conjunction with the amplifying remarks thereon appearing in the Director's Report, show com prehensively the financial position of the Company as on the 30th June, 1927, and in these circum- stances there is no need for me to enter into detailed explanation in connexion therewith.
Corner Turned.
It will, no doubt, be gratifying to Shareholders to observe that
No.
An officer of the Noa reports that all foreign shipping in the MICROONDAMENTE
LORD CECIL DISAGREES.
League Controversy in Cabinet,
London, Aug. 26. Viscount Cecil has not denied unconfirmed strong rumours that he has resigned from the Cabinet.
It is rumoured that ho dis- agreed with other Cabinet, Ministers regarding the League of Nats-Reuter.
the Company has now turned the Nanking section of the river is corner, and that after deducting again subject to attacks by both the, debit balance of $32.269.88 the Northernera and the Nation- brought forward from the preced-alists, and the navies may resume ing year, and making liberal de- the convoying of foreign merchant- preciation, the balance standing to men plying on the river-Reuter. the credit of Profit and Loss Account for the year under revie
THE NORTHERN ADVANCE. amounts to $108,777.84, which amount, your Board recommend, should be allocated as follows:-- To Transfer to General
Reserve
.$100,000.00 To carry Forward to
New Account
8.777.91
posed. Ordinance are as follows: 2. The Governor here authorized to issue bonds to an amount sufficient to produce as
(8) From and after the day an- nearly as may be the sum of five pointed for the repayment of any "million dollars and such further bond all interest on the principal sym as may be necessary to defray moneys represented thereby shall the expenses of the issue and ease and determine, whether pay- management of the loan.
ment of the principal shall have 4. The principal moneys and been demanded or not. Interest represented by the bonds
6. Every bond and coupon and issued under the provisions of this Ordinance are hereby charged the right to receive the principal upon and shall be payable out of and interest represented thereby the revenue and assets of the shall be transferable by delivers.
7. The Governor shall' in exch Colony.
5(1) Subject to the provisions half-year ending with the day on and I trust that this allocation river. The movement started at of sub-sections (2) ta (8), both which the interest on the bonds (which, for the purpose of elucida-5.30, this morning when troops inclusive, the bonds issued under falls due appropriate out of the tion, has been incorporated in the went over at a point four miles west of Nanking. Others crossed
1
Railway Line Cut.
Shanghai, Aug. 26. Following the capture of Tung- chow by the Northern troops, they now started to cross the have
The railway at Anking has
the provisions of this Ordinance revenue, and assets of the Colony accounts) will meet with your on the eastern side of Nanking. shall be redeemable at par on the a sum equal to one half-year's-in-approval. 1st day of November, 1938, from terest on the whole of the bonds From a perusal of the Report, and including which date all in- outstanding in order that the in-you will observe, that the sum of been cut, south of Chinklang, and terest on the principal moneys torest for the said half-year may $51.218.50 was retired from the represented thereby shall cease be paid therefrom.
and determine, whether payment
of the principal shall have been demanded or not.
mine.
mine.
Sinking Fund.
9-(1) The sinking fund shall
Brighter Prospects.
The Shanghai, Labour Union has become active again and pro- Paganda pamphlets are now being. distributed-Naval Wireless.
ENVELOPING NANKING.
A Southern armoured train han Mortgage indebtedness of the Com-been derailed, pany on the 30th April last. Inj this connexion, you will doubtless 8. The Governor shall in each recollect that when I addressed (2) At any time or times after year ending on the 31st day of Dcyou from the Chair at the last the 31st day of October, 1982, the tober, subsequent to the year end-Annual General Meeting of the Governor may approve of the ing on the 31st day of October. Company, held on the 6th Novem- redemption by purchase of bonds 1927, appropriate out of the re-ber, 1926, I pointed out that a
Northerners Cross Yangtsze. of such denominations and to such venue and assets of the further sum of $250,000 would fall respective total nominal values as Colony for the formation of a due for retirement on 30th April,
Shanghai, Aug. 26. he may from time to time deter- sinking fund an additional sum of 1928, and that the balance then
Following the occupation by Sun not less than six dollars and sixty-outstanding and amounting Chuan-fang yesterday of Tung (8) At any time or times after six cents per hundred dollars on $500.000 would mature on the 30th chow, fifty miles north-west of the 31st day of October, 1932, the the total nominal value of all the April, 1930.
Shanghai on the north bank of the Governor may appoint a day for bonds issued, including any which
Yangisze, comes the news that the the drawing by lot of bonds of may have been redeemed.
Northernera are crossing the such denominations and to such
We must therefore, for the river at two points, one .អ៊f- respective total nominal value as
cash re-teen miles below Nanking at he may from time to time deter- be applied in the first instance in present, conserve our
payment of all expenses of or incid-qurces in order to meet the first Lungtan and the other ten miles. ental to the redemption of the bonds of the above mentioned obliga-above. and in the next place in re-payment tions. This factor, consequently, Sun Chun-fang apparently in- of the principal moneys represented precludes your Board from recom- tends to envelop Nanking to pre- (5) On the day and at the hdur by the bends.
mending any distribution to share- vent the retreat of the defenders I would down the Shanghai-Nanking Rail- and place so specified the Colonial (2) In case the sinking fund holders at the moment. Treasurer shall hold a meeting, at shall be insufficient for the pay-add, however, that so soon as the way. The body of troops crossing which the holder of any bond may, ment of the principal moneys at Mortgage indebtedness of the Com- at Lungtan is reported to be cut- if he thlak fit, be present, and the time when such payment shall pany shall have been reduced to ting the line. shall then in the presence of such become due the Governor shall $500,000 your Board will naturally Northern agents are also believ- bond holders, if any, as may at make good the deficiency out of be desirous of placing the Comed to be responsible for another tend, draw by lot, out of the whole the revenue and nssets of the pany on a dividend paying basis.
I am pleased to be able to in-cut which occurred last night twenty miles west of Shanghai, number of bonds for the time Colony.
formed you that Exchange Build- resulting in the derailment of a being outstanding of the respective
10. The moneys appropriated denominations specified, bonds to for the formation of sinking funding and the Bungalows on R.B.L. slow train and the temporary sus
No 200 at Repulse Bay are now pension of the service. Reuter. such respective total. nominal shall, so far as they are not re-fully occupied, and although ren- Fall of Nanking Reported.. values as shall have been specified. quired for the purposes of the tals are not entirely up to our ex-
(0) The Colonial Treasurer preceding section, be invested in
The fall of Nanking was rumour- hall thereupon declare the dis- such manner as may be approved pectations, the fact that we have Anguishing numbers of the bonds by the Governor in Council, and recently been compelled to turn drawn for redemption, and shall, the dividends, interest or produce away prospective tenants, more ed this forenoon owing to the inter- as soon as may be, by advertise- of such investment shall be in particularly in respect of" en- ruption of the Shanghai-Nanking ment in the Gazette, specify those vested in like manner.
Bond Drawings.
numbers and appoint a day, not
eing earlier than fifteen days
İnterest at 6 per Cent.
Shanghai, Aug. 26.
quiries for up-to-date office train service. Up to four o'clock premises, not only augurs well this afternoon confirmation to the for the future of your undertak above report was still lacking and ing, but also convincingly de-a later message states that Nan-
DISASTER TO A LAUNCH.
PILGRIMS HAVE UNFOR- TUNATE EXPERIENCE.
"
២ ខ
...
..
The latest dance is called the Yale. Locked in each other's
:
☐ ☐ Hotel "boys" are optimists.
An Italian lady claims to have They wait for the salver lining. listened to over a thousand ser-
As McWhirter Aviation has solved the problem" mons by radio. remarked, "It canna macaroni of how to dispose of the used razor
blade... better!"
O D Hongkong is endeavouring to brighten up cricket by introducing a little abandon into the game.
טם
It's an ill wind-On Monday morning, several local brokers re- ported a rise in hotel shares.
He
the
ជ ០ There are those in Government Hongkong's bravest man: swimming during While proceeding towards Cap. circles who deplore the belated went suimun Pass, with twenty-one pas-news that Ceylon's salary list has typhoon-in the V.R.C. bath. sengers who had chartered her beep increased.
We are getting on. None of the for the purposes of offering sacri-
"Nothing is wasted in the young lions referred to Jup. fices at the scene of the Leung- kwong disaster, the steam launch modern slaughter house," atates Pluv, in connexion with the week- Kwong Lee struck a submerged the mannges of a big "canning end blow rock, when nearing her destination factory." low offol! yesterday afternoon.
Some of these matsheds decidedl
Heading in The coxswain sounded several
a local
paper: to turn a new leaf. Sculptor's Sewer blasts on the whistle as a call for "Famous assistance, a number of the crew Memorial." The Gutter Press? and passengers were taken aboard a junk,, while the remainder were transferred to the steamer Wing Lee, which had also proceeded to the spot on hearing the call.
Shortly afterwards the. Kwong Lce sank. No lives were lost.
We congratulate the Hongkong Amusements, Ltd. on its enterprise in-showing "Bustin' Through" Bo Cinema goers are assured that early as Monday at the Star. Sandy" is net so dusty.
TERRIFIC STORM IN NOVA SCOTIA.
I
NINE KILLED AND MUCH DAMAGE.
ם ם
Many of those residents who After all, the opium baby trick walked up the the Peak last Satur wn's somewhat puerile.
day also blew very hard.
O'D
Traffic summonses in Hongkong usually result in the motorists having a fine time.
A Kowloon man is now receiving medical attention. He was found with his head in an ice-chest. We incline to the belief that he was The bowlers appear to entertain endeavouring to discover the real doubts of each other's ability to difference entertain.
brown.
between brain and
ៗ ជ
Says a correspondent in the The Home Press indicates the Post:
"We all have to put our existence of an Qil War. After heads together and work at the witnessing the scramble for kero- knotty problem before we can sene last Sunday on our bathing Scotia, Aug. 26. arrive at something concrete." beach, we can quite appreciate the The worst storm in over 50 years After which, we may presume, at specific gravity of the situation.
Halifax, Nova
raged in the maritime provinces least the housing problem will be yesterday, and at least nine deaths. solved.
have occurred as a consequence.
The property damage-is estimat- ed at G.$1,000,000..
口口
ᄆᄆ
A Bangkok contemporary
reports that à Scots lady, from
The man who informs us that Aberdeen whe married a political
Two steamers and 27 fishing public auction" is redundant Bays "officer in the tropics, used the same boats were sunk.-Router's Amerihe expresses, the "consensus of fan for thirty years. She always can Service.
SPLIT IN BENGAL LEGISLATURE.
GOVERNOR PROROGUES
COUNCIL.
opinion."
☐ ☐ According to the Post, members of the K.C.C. were signing chita all
held the fan still and waved. her head slowly to and fro.
•
Motoring note: Don't joke day on Sunday last. We are thus about safety-your garage may reminded that no. cataclyam can collapse. disturb the ordered routine of a Britisher.
☐ ☐
During the stirring times last Saturday a fellow had to keep
In a partnership case at the going round if he expected a good Supreme Court, a woman was time. described as masterful. And yet Mr. Kipling asserted that East and Guznavi, and the Hindu Minister, West had nothing in common.
Calcutta, Aug. 26: Minister,
Muslim The
What about Government these hard days imposing a Waterfront Amusement Tax? Mr. Chakravarty, have rosigned,
ប៉ .ជ A lot of cinema fans stayed away
We are informed that Star following a vote of non-confidence passed by the Bengal Legislative from "The Fourth Commandment" Council on a motion of the Con- because they didn't know if it ferries attempting to berth cannot
denit with breaking the Sabbath planet with exactitude gres party,
0.0 The Governor, Sir F. S. Jackson, or merely coveting, their neigh- ̈
A bus was reported to have over- turned at the function of Nathan has ordered the prorogation of the bour's wife.
and Salisbury Roads on Saturday, Which reminds us that they last. It was later revealed that would appear to have ot the order this was due to an untimely sneeze of the Ten Commandments some on the part of the Mayor of Kow- what mixed at Hollywood.:
loon Tong.
O
Council-Reuter.
EGYPTIAN LEADER
HONOURED.
STATUES TO THE LATE ZAGHLUL PASHA.
Local News: The local branch In response to a query, we can of the Theosophical Society, has assure enquirers that the placed an order for a new noise- Players are not going to stage less typewriter.
anything questionable.
CO In view of the possibility of typhoons, a reader suggests the following as a motto for the Build- ing Contractors Guild: "Terra infirma et gustibus, omne mortar mortem, et omnibris collapsit."
m the day of the drawing and 11. The interest on bond each shall monstrates that by reason of its king was still in Nationalists
Cairo, Aug. 26.
It is thought that the collapse t being later than the day on be at the rate of six per contam central location and its high hands although 2,000 of Sun Chuan-
The Council of Ministers has of the Basball stand at Har hich the then current half- per annum and shall run from the
This evening the ear's interest is payable, on which day named in that behalf in the standard of accommodation, your fang's troops have crossed the river de principal moneys represented bond and shall be paid half-yearly Company's main enterprise, Ex-near Nanking.
Chuan-fang troope on the southern Pasha in Cairo and Alexandria, by the bonds so distinguished at the head office of the Hongkong change Building, will at all times Nationalists claim that the Sun decided to erect statues to Zaghlul Valley was due to a stolen base.
and Shanghai. Banking Corporation command good rontale.
There being no further matters bank have been repulsed. Part of and to purchase his house as a (7) On the day so appointed on the days named In that behalf in calling for particular comment, 7 them returned to Pukow and an-Zaghlul museum, where his body boat might well be termed 'in moter
Router there shall be paid to the holders the coupons,
now beg to formally propose that other part went up river.-Wah will be placed in a mausoleum.
Kiu Yat Po. (Continued on Page 16.)
will be repaid. ・・
of the bonds drawn for redemp- (Continued on Page 18,),
0.0-
The typhoon story of a President
opi-Taft.