PRINCE OF WALES BANNER,
WON BY COLONY'S NEWEST
GIRL GUIDE CO. "
THE HONGKONG TELEGRAPH.
LEAVING COLONY TO-MORROW.
BUILDING DISPUTE CLAIM
WELL-KNOWN TAIPAN TO DEPART FOR HOME.
THE PRESENTATION. MR BERNARD'S CAREER
An Interesting ceremony tonic One of Hongkong's best-known place at Government House publle met, in the person of the Saturday afternoon, when the Prince of Wales banner was pre-Ifon. Mr. D. G. M. Bernard, manng- Bonted to the 3rd Hongkong Con- ing director of Mosara Jardine, Jillos Public School,"
INFERIOR QUALITY
BRICKS?
ARBITRATION AWARD SET ASIDE BY C. J
MONDAY.
AN INCREASE OF CAPITAL.
HONGKONG ÉLECTRIC CO'S MEETING
APRIL
THE DOUGLAS SIS. COMPANY
MARKED IMPROVEMENT IS REPORTED:
NEW SHARE ISSUE.
BETTER DAYS COMING?
At an extraordinary meeting of Mr. H. P. White, presiding at the shareholders of the Hongkong annual meeting of shareholders of Electric Company which was held | the. Douglas Steamship Company, in the P. and 0. Building this in the P., and 0. Building this morning, a special resolution morning, atated that there was a sanctioning an increase in the marked improvement over the two previous years but the position did to $6,000,000, was confirmed. not yet warrant a dividend, as It Mr. C. G. S. Mackle presided and was deemed more prudent to ho was supported by the Hon. Sir strengthen the assets of the Com Shou-son Chow, Sir Robert Ho pany. Other members of the Con-
pany of Girl Guides from the BMatheson and Co., Ltd, will be LARGE SUM INVOLVED. Company's capital from $3,000,000
The function was attended by 140 ieaving the Colony for good to- Guides and Guiders, together with morrow. o. departs for Home merabers of the local Association xurd the Blue Funnel liner and friends Lady Clementi per-
The hearing of an action in which the Ng Hing Co claim
"formed the presentation ceremony. Acneas, and is to succeed Mr. 448.268.42 from the Hang Yip Co., Tung, Mr. T. E. Pearce, Mr. aulting Committee present were j
ganised games in which all Girl
Ranger Companies took part.
Previous Winners.
;
Jon
started
Mackie; also Mr. O Farmer, Secretary. Shareholders present were Messrs. P. Tester, A. H White, He Loung, Wong Ping-san. Chun Wing-kou and Capt. 0. H. Farrar,
Guide, Companies and two new Mesars, Matheson and Co. in Court this morning. before Bir (Directors); also Mr. F. R. Marsh Robert Ho Tung, and G. G. S.
Henry Gollan when Mr. H. G. (Manager). Shareholdens present don. Having resided in the Col-Sheldon appeared for the plaintiff were Mossra, G. Murray, E jony for nearly eleven years, seven firm and Mr. Eldon Potter and Mr.Ozorla, V. Sorby. FL Brown, O. of which as taipan of o, Mr.FC. Jenkin for the defendants. Baptista, Leung Yan-pp, L G.
The sum is claimed on the ground Davies and Sang Kes On presenting the banner, Lady
After the Manager had read the Clementi said: "The banner was Bernard has figured prominently that it is the balance of an amount originally one of two embroidered in the commercial and social life due from the defendants for work notice convening, the meating the panels: which decurated the State of Hougtong, and many deserved lone and materials supplied in Chairman said:Gentlemen,The Chair in which the Prince of Wales tributen have recently been paid connexion with the erection of object of this meeting is embodied was carried during his visit tote his briness acumen and charm eleven houses, pursuant to two in the notice which the manager His Royal charter. Unassuming in na contracts dated-July 2 and July 7, has just read and I now formally longkong in 1922.
beg to propose that the following afterwards Highness
presente ture, has, nevertheless, ninde 1924.
extraordinary resolution. which defendants Scouts
entered A theam panels, one
a very ide circle of friends by
was passed at the extraordinary and one
Guldes, as
to the
Lo
The
Chairman's Speech.
After the Secretary had read
the Lotice convening the meeting,
The Chairman said:-Gentle mon-The report and accounts having been in your hands for somo days, I will with your permission
nually and to be held by the Com-and sout business instincts, and that bricks of an inferior quality held on the 16th of March De con ad that the accounts which we banners to be competed for an- reason f his sterling character counter claim for $24,000 alleging general meeting of the Company take them as read and we are pany showing the highest standardy his parture the Colony will were used in the construction of armed as a special resolution:are able to lay before you show a
1
contractors.
♫
Arbitration Award, Owing to differences which
Mr. Belth seconded and the re- nrege the parties went to arbitra-solution was carried unanimously.
"
י,
"That the capital of the Company marked improvement in working of general efficiency. The first com- use ongof its best-known and the houses,
Opening the case Mr. Sheldon increased from its present on those of the two previous years, petition took place in 1924 on S highly-repected residents.
Mr. Firnard started lus life in said the contract price of $100,200) George's Day and was won by the
currency) divided into 300,000 proposed, allocation of the amount jects for competition being inspec- Kritanni as a naval cadet in Four had been paid and the sum shares of $10 each, to $6,000,000 at the credit of Profit and· LOBB First Kowloon Company, the sub- the Nay having joined H.M.S. was to be paid in six instalments. capital of $8,000,000 (Hongkong and I hope you will apoyous years
Composition of the Union 1904, ahe Inter served for a claimed was in respect of the for (Hangkeng currency) divided into Account.
maining two instalments and for 300,000 shares of $10 each and Jack, knot-tying; drill, first aid and time abard H.S. Ariadnu on certain extra work done by the that such additional shares shall tracking. In 1925 and 1925, the the Wet Indles Station. How- 2nd Kowloon proved to be the win-ever, he oft the naval service in
rank In all respects pari pass ning Company, the subjects being. 1906 and came to Hongkong to
with the original capital of the in 1925, inspection, knot-tying, reMessrs. rdine, Matheson and Co.
Company."! Jay race, observation game, drill, bed-making, signalling,and first- aid; and in 1926, inspection, knot- tying, drill, table-laying and wait- ing at table, signalling and first- aid. Last year, it was won liy the 1st Kowloon once more and was presented at Headquarter House on the occasion of the rally held there. wheh Miss Trotter and Miss Wank- Hin were with us, whose names we hold in affectionate remembrance; the subjects then were, inspection, roll-call drill, knot-tying, signalling, effelenty of company registers, ne- count books and logs, and a sur prise competition.
A
Record Year.
marks.
Commissioner's Report.
tion and an award was made on March 20, 1926. An application was made to His Lordship the Chief Justice for the award to be sat aside on the grounds of legal misconduct and an error in law. The award was set aside on, the ground of legal misconduct.
same
Now Shares.
sulting Committee regret that, The General Managers and Con-
though the finances of the Com- many are in a much more, satis- factory condition, the position does not yet warrant the declara- tion of a dividend, deeming It more prudent to strengthen the assets This meeting was followed im-of the Company, in partly restor mediately by a further extra-ing to the Reserve Fund sums ordinary meeting for the purpose that have been withdrawn from of authorising the Directors to that Fund in former years for capitalise a portion of the Reserve while prospects appears much Fund and to declare a bonus to be satisfied by the issue of new shares to shareholders.
brighter at any rate as far as re- lations between Canton and this Colony are concerned-it must be borne in mind that there is still some uneasiness prevalent in other parts of China and it be- hoves us to act cautiously until: the altuation to clearer.
Wm. Powell Ltd.
FURNISH at POWELL'S.
THE
FURNISHING HOUSE
They
Guarantee all Furniture
and Furnishings.
ESTIMATES FREE
BEDDING SPECIALISTS.
HONGKONG REALTY & TRUST Company, Limited.
HOUSE AND ESTATE AGENTS. PROPERTY BROKERS,
Te-
TELEPHONE C. 4413,
EXCHANGE BUIL
Dealing with the claim in detail Mr. Sheldon said $33,840 was due on the architect's certificate. The manager. read the notice Of this $15,000 was paid on July convening the meeting after which 18 1925, leaving $18,840 to be paid. the Chairman said:-At the recent The hupplementary agreement general meeting I told you that we provided for a payment of $38,840 proposed to capitalise a portion of when the work had been completed the Reserve Fund and to declare a
Coast Trade Satisfactory. to the satisfaction of the architect, bonus to be satisfied by the issue This year is a record one,
and if that sum had been paid it of new shares to shareholders on During the year coast trade has us for the first time in Hong-
would have a payment of nine the register ut July 1st 1928. This been quite satisfactory, but the kong five companies .com-
per cent of the total contract price. meeting has been called to obtain | heavy loss in exchange on peted. The marks awarded are
With regard to the second item your sanction to this issue and Imittances from coast ports, which fairly. dese, the subjects for cóm-
in the claim, $16,320 was payable therefore propose the following has been alluded to in the report, petition being efficiency of company
three months after the architect's resolutions:
has seriously curtailed profits, and registers, bill files, logs, etc.:
"That the Directora bo, and they It is a matter of regret that no inspection, drill, including horse- five yeaglater. Two yeara Inter,certificate. The third flom uf shoa formation with one colour, and join the Hanitow branch of $7,408.42 was for extra work done, are hereby, authorised to capit prospect of better rates, of ex-
surprise
The the rubsequently serving This was in respect of certain alise the sum of $1,500,000 profits change is visible in. the Imnjodjate competition. banner has been won by the 3rd Tientsind Shanghai. In 1917 alterations to the foundations. of the Company standing to the future. Hongkong Company from Bolillos he refused to Hongkong and in In September, 1925 Mr. Basto, the credit of the Company's Reserve. In March last we arranged to School, with 18h marka ont of 200; the falling year he was au- architect, wrote a letter to the Fund, and to allot to the members recruit the, crews of the steamers the 2nd Hongkong-Company being thorised sign for the firm, suc-plaintiffs giving the sum of holding shares of the Company as through the Seamen's. Unions at accond with 183 marks; the 2adceeding. John Johnstone seven $7,498.42 for cement concrete in-on the 1st day of July, 1928, In Canton and Swatow. This has Kowloons third with 177 marka;years agis head of the Hongkong stead of lime concrete as being respect of the net amount capital-worked smoothly on the whole, whilst the 1st Hongkonga and Jetonice.
correct. Mr. Basto checked the ised, fully paid shares of the with only occasional slight frie- Kowloons are bracketed with 167 As he of Jardine, Matheson work and found that was a fair Company of equivalent nominal tion.
time Mr.value,, in the proportion of one Turning to the accounts, you and Cor. Bernard held many price. At the directors in prominent Hong Basta wrote to Messrs. Deacons, share for every two shares of the will notice that the mortgage kong fire and he has also alled solicitors for the defendants, in Company then held by such per-of $60,000 which was accepted on will now read you the re- the host Chairman of the Court which he referred to the use of sons respectively, and that such the security of "Hal-Ning" has port of the Acting Colony Com-of Directs of the Hongkong and cement concrete and said he had shares so allotted shall rank for been paid off, and the overdraft missioner, Mrs. Remington: The ShanghaBanking Corporation. checked the work and found it dividends as from the 1st day of with the Company's bankers re- competition this year was taken He has ved for several years chiefly from tenderfoot work as there were two now companies as an uficial member of the competing with only one year's Legislati Council, having auc The ceeded to Mr. P. H. Holyonk work each to their credit, percentage of marks gained was a woning of the Chamber of high and the general spirit of each Conure whilst he has, since Company excellent. The Gulders the debatre of Mr. A. O. Lang, are to be congratulated on the been a ber of the Executive generally efficient way in which Council. a services in these each Company is run, and where capriliehave been greatly ap marks were lost it was usually apreciated he has also figured case of bad luck. The 3rd and prominent in other branches of 2nd Hongkong who gained 1st and public having bee President 2nd places respectively are both of the Steorge's Sqciety, Preni- new companies and it is greatly tu dent of Hongkong branch of their efedit that they should have the Chingasociation, Chairman attained such a high percentage of of the Wemorial Committee, marks, but it must be remember- Chairman the Cly Ifall Com- ed that 'guiding is a new game to mitte, man and Trustee of them and therefore everything is the SailoHome, Steward of the a thrill and well remembered. Hourkockey Club and Presi- The old companies on the other drat ofe Hongkong Rifte hand should not have let them League, is also a Justice of selves get stale! The Gaiders, i both past and present, of the 2nd the Peacend has been much Identified th the Christian and 3rd Hongkong have put In excellent work with the new com- Science ment, being chair- panies and are to be heartily conman of tocal Publicity Com- gratulated on the results of the millee. competition.'
.
Mr. Bend, who is a nephew
"I wish to congratulate very of Ethel Buchanan, widow of
winners, warmly the
of the the late S. W. D. Jardine, mar- Banner, as the 3rd Hongkonga arried a dhter of Sir Charles our newest-formed Company and Addis in 22, and both he and so to have come first in all round Mrs. Bern will be much missed efficiency competition is an on their ing down at Home: achievement to be proud of. Will Their nurus friends will wish the Company now come and fetch them manippy years of life in the Banner?"
Three cheers were thon given for the winning company, for the acting Colony Commissioner and for Lady Olementi who invited the Guides and Guiders to tea,
the Old Citry.
Mr. ands. Robert L. O'Brien of Bostor fassachusetts, were among thiprasengers on the American all liner, Presiden Madison, Ich arrived yesterday Mr. B. W. Fleisher, publisher from Shalaf. Mr. O'Brien in and Editor of the Japan Advertiser, editor of Boston Herald and Mr. O, D. Russell, the news editor of the Japan Advertiser and was forme secretary to the late President over Cleveland Mr. Japan Correspondent of the New and Mrs. Brien are making a York World, and Mr. H. W. Kinney, pleasure around the world. South Manchuria railway publi They will inue their voyage en (city director, arrived on the Pre the Presid Medison to-day to
dent Madison 'yesterday.
Manila
correct.
(Continued on Page 11.)
July, 1928,"
(Continued on Next Column.)
HD: Is marriage consistent with your theories of the poqsibility of transcendental happiness?
She: Well, granted a lack of eponamic soundness on your part and a' congenital incapacity for meeting fluancial obligations, I should hesitate until I ascertained amount entrusted to you in your grandfather's will,
duced, so it is expected that the item of interest will be very con- siderably lower this year,
Better Days?A
As far as present prospects are concerned, I am glad to be able to state that ao far earnings have been satisfactory, and while it is difficult and premature to make any forecast, it is perhaps not ún reasonable to hope that we are åt the dawn of better days, and that the results of the year's 'working will ultimately prove favourable.
With these remarks, I beg to pro-i pose the adoption of the report and accounts and when it has been seconded I shall be pleased to answer any questions that Share- holders may wish to ask.."
This was seconded by Mr. Tester and was carried.
Business Mattors.
Mr. Ho: Leung proposed that the Hon. Mr. D. G. M. Bernard, Siri Robert Ho Tung, and Mr. C. G. B. Mackie, be re-elected as membersi of the Consulting Committee, This was seconded by Mr. Wong. Ping sun and was carried. DET
On the proposition of Capt. 0. FL. Farrar, seconded by Mr. Chân Wing-keu, Messrs. Lowe, Bingham and Matthews and Messrs Linstead. and Davies were re-elected audi- lors at a remuneration of 3500, cach per annum.
"That if, on such distribution as aforesaid, any person would be entitled to a fraction of a share, the Directors shall, in lieu of Issuing fractional certificates, cause the whole share to be allot- ted to a person or persons to be named by the Directors and such share may, at such time as the Directors think fit, be sold, and the procadde distributed amongst the persons entitled to the frac tions making up the share
Mr. Belth seconded and the re- solutions were carried unanimolis
4.
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