CANTONESE
SINGLED OUT.
Brutality Charges Against Japan.
("Telegraph" Special).
TIN RESTRICTION
FIGURES.
CLOSE ADHERENCE TO QUOTAS.
THE HONGKONG TELEGRAPH. THURSDAY, MARCH 24, 1933.
CHINA PROVIDENT PROSPECTS.
OVERDRAFT BURDEN
DISAPPEARS.
TOURIST LINER ARRIVES.
.. MARIPOSA NOW
IN PORT.
London, Mar. 23.
The .8. Mariposa attracted con- The International Tin Com-
Biderable notice as she steamed ruittee, following a meeting In Paris.
BETTER OUTLOOK. Into port this morning on her published A
com-
South Seas and Oriental cruise munique, which. after giving
and berthed monthly statistics as to
Presiding at the
at the export,
Kowloon states that the export figures for general meeting of shareholders marked the arrival of the vessel.
annual
wharves. Delightful weather the first complete year of restric-
of the China tion show that the adjusted totals and Mortgage Co., Ltd., to-day, excellent impression of Hong- Provident Loan giving the 260 tourists aboard an of exports are thirty-six tons only, Mr. C. A. dn Roza was able to re.kong.
Shanghai, Mar. 24. An accusation that the Japanese military and naval authorities, during the warfare in Hongkew and Chapel, singled out Cantonese residents of Shanghai na victims of in excess of the authorised quotas port a greatly improved state of particular cruelty, because the for the five participating coun-Tairs, Nineteenth Army had the courtries, the Netherlands Enat Indies, age to oppose them "in defence of Nigeria, Bolivia, Malaya and Siam China's sovereignty
And
terri- torial rights," was
The authorleed quotna made by the ex-Foreign Minister, Mr.
including the Wen year Taung-yao.
Mr. Wen is the chairman of the Canton Guild In Shanghai and he made the accusation in the course of aapeech before the League Manchuria Commission.
Mr. Wen explained that it was because the Nineteenth Army had their torces stationed in Shanghai that they resisted when Japanese attacked Chapel.
the
It was not because that Army specially Chuso to oppose the Japanese.lvator.
THE HIGH COST OF
GOVERNORS.
SIR C. CLEMENTI'S EXPENDITURE.
London, Mar. 10.
A subject when has caused no little heart-burning in Malaya was nired in the House of Commons at question time to-day WIDER Mr.
quota
the
•
The tour of the Mariposa, Is
first time for many years the Company. The present cruise is un- being conducted under the joint It was discloned that for
management of the Matson Line and the American Express_com- pany had no overdraft, while the dor the direction of Mr. L. D. position had also been favourably Stone, assisted by a staff of eight affected by Improved storage earn- administration of the Company. Inge and further economies in the assistants.
Roza reported that the figures for Regarding the future, Mr. da the first two months of the eur- rent year were more encouraging than for a long time part
for the Siamese for aix months amounts to 113,693 tons. The Committee congratulates the participating Governments on their very close adherence to the quota restrictions. The Committee has considered the proposal that a further cut in production of 8.120 tons per year, corresponding to one month's production, should be made, with effect from May 1st or June 1st and a final déclsion will be taken at Chairman the next meeting.
The Mariposa passenger list in- ages, majority of them being cludes many prominent person- Amerienas. Col. George Carter, former Governor of Hawail; John I. Gall, president and manager of the Hawaiian Trust Company:
Chairman's Speech.
and C. J. Winton of the Winton Addressing shareholders, the Lumber Company of Minneopolis,
ani: Gentlemen, who is travelling with Mrs. Win You bave hind 4 full oppor- ton, and Mra W. A. Gregory also The Committee has been inform-tunity of considering the of Minneapolls. cd by the Committee of Control, report and necounts which of the International Tin Pool that have been in your hands for the
they considered it unnecessary past fortnight, and I accordingly
during the past month to increase their holding, which stands BL 21,000 tons of metallic tin. British Wireless,
ANOTHER BOGEY
LAID.
BRITISH & CONCERT ARTISTS.
London. Mar. 23.
ask you to accept them as read.
Your Board a pleased to be able to report to you a substantial im. provement in the net profit earned by the Company during the year under review, the figure: $90,384,43 comparing very favourably with that recorded for the previous year; the incrense being appro- ximately 80 per cent.
ro-
Loans on Property.
If you will now turn to General Reserve Account, gentlemen, you will note that a sum of $41,203.80 has been debited to that account and is referred to as loans on pro-
perty.
to
Loans
This represents the balance of for which was disposed of during an old loan account the security
the year, and is a portion of the The largest factor contributing amount which, in my speech last Edward Taswell Campbell, the
to this improvement is the saving your, intimated would have effected by the elimination of In-be written off to General Reserve Unionist Member for Bromley,
ferest on overdraft, an item which bofore our old loan accounts could asked the Secretary of State for
has hitherto been an oxceedingly
be completely cleared from our the Colonies, the I Hon. Sir Misapprehensions which
books. Philip Canine-Lister, for details pear to have arisen, particularly Improved storage earnings and desire to draw your attention to
ap-heavy load on our working; but
Turning to the balance sheet, ! of the public expenditure in con- in the United States of America, further economies in the adminis- the continued improvement in the nexton with the posts of Governor regarding the attitude of His tration of the Company have as- Company's position as revealed by of the Straits Settlements and Majesty's Government towards Bisted us in showing an increase the statement before you. High Commissioner for the Malay actors and concert artists coming in the profit on godowns and ship have been reduced by some $75,- States, and, in view of the pre-into this country, were removedping work.. tests which had been made con-in the House of Commons, In
000,00 in so far as the old accounts cerning the exccesive nature
The principal decrease in of statement by the Parliamentary venue which ealla for comment is shown in the accounts-$294,596.- are concerned, but the total Bgure that expenditure, if he would Secretary for Labour, Mr. Hudson. that of loan interest, which pro-04-18 higher than that secure a reduction, in the interests.
at Sist of economy.
He and the Labour Minister vided but 34,230.00 in 1931 com- December, 1930, due to the inclu- The details of expenditure werealne more closely the applications vious year. This decrease was to
hnd thought it necessary to seru-pared with $11,200.00 in the pro-slon of advance made during the given by Sir Philip as follows: in respect of concert artists, but be expected, in view of the con- been made earlier.
to which year
a reference hng Salary 17,000, stan and servants otherwise no change of polley had tinuance of your Board's policy re £1,200. maintenance of houses, been made or was contemplated.
The amount so employed at Bist furniture, motor-cars, etc. £2,000,
lative to the liquidation of old December, 1931, was $115,000.00 Sea Belle H 211,800, traveling
close of the year your Directors paid to loan accounts, but towards the of, which $65,000.00 has been re expenses £2,000.
the Company since the Annetloned certain small date of the ́accounts, and the short-term loans against the so- balance 125 amply secured for curity of
cargoes stored in the repayment in the course of the godowns, and against the security next few months. Interest of approved shares. The possibi all accounts has lities in this section of our busi- dute.
been paid
ness are promising, but actual
Other Items. business negotiated to date has been limited by the liberal margins demanded by the Company.
out of a total of 1161 variety ap- Actually, in the last six months, Sir Ploup assured Mr. Camp appear in concerts, theatres or plentions by foreign artists to bell that the protests were rece-Halls, only sixty were refused. ing his attention and added that he was sure H.E. the Governor, Sir: As regards the United States, Cecil Clementi, was fully alive to there had been 135 applications the need for economy.
and seven refusals, none of which In view of the reduction in the affected actors or concert artists, salaries of civil servants,, asked—British Wireless,
Mr. Campbell a supplementary qucation, was there not a case for 10 proportionate reduction In sfflcta! expenses, especially with regard to the bea uile for which am of 100,000 appeared in the 1932 estimates?
There was no reply, the Speaker intervening.
VENEZIA-SUI TAI COLLISION.
INQUIRY FIXED FOR NEXT WEEK..
A Marine Court of Inquiry into the collision between the s.s. Venezia and the s.a. Sui Tai wil bo held at the Harbour Office by the Hon. Comdr. Hole, anaisted by a court of four others, Wednesday next.
It will be recalled callision occurred in a thick fog
-FATAL MOTOR
MISHAP.
WOMAN DIES FROM
INJURIES.
enut
on the afternoon of Saturday, as Loung Wun, aged 24, of 83, The woman's name was given March 12, while the vessels were Second Street, West Point. travelling in opposite directions, one to Hongkong and other 10 Macao.
--
have
At the close of the year 1930, Mr. L. E. Guterres, the Company's Godown Manager, resigned from the Company's employ, and the Board of Directors voted to him a retiring gratuity of $10,000, feeling confident that shareholders would approve of their desire to recard their appreciation of the rendered to the Company by Mr. most faithful and devoted services
Guterren for so many yours.
Godown Storage.
on to
investments records the absorp The increase of $6,000.00 In
tion
of certain Sandakan Light & Power Co.. shares in the Ltd., which shares were formerly held by the Company as security for an old loan account.
$70,-1
Ac-
With regard to the item 055.73 aundry debtors, the out- standing storage and general charges embodied in this Agore have been reduced since the date $11,000.00 which is satisfactory. of the accounts in approximately
The addition to Property count is brought about by the adjustment of boundaries of our Kowloon properties. consequent while the book value of our pier upon the issue of Crown Jenues,
$5,000.00 has been written opposite Marino Lot No. 180 General Reserve Account,
at off to
Fatal injuries were received by young Chinese married woman who was knocked down by B malor ear driven by Mr. C. E. Galagan, of the Hongkong Elee- tric Company In Hennessy Road In the course of my remarks at yesterday afternoon.
our Inst annual meeting, I roferr In a report to the police. Mr. ed to the growing Gabng states that he was stris amongst importera of making de- practice ing his ear No. 3,090 along Hen-iveries of eargo ex steamer or ex
essy Road from west to
lighter and s effect on our stor- and when opposite No. 449, the are
revenne. Tl.c woman ran across in front of the which encouraged this practice, influences
No Overdraft. vehicle. Sie was knocked down namely the disturbed conditions in the absence of bank overdraft for Under Habilities, you will note on and received injuries from which China and wide fluctuations in ex- the first time for many years, and she died on arrival at the Gov- change, were very much in evi- I wish to state that the mortgages that theerament Civil Hospital,
dence in 1931, but despite these, shown at $949,000.00 fail due for our godowns during the year shows effect of this will be to relieve the netual quantity of sugar stored iniquidation will be arranged. The It is satisfactory to note that the repayment early next year, when a substantial increase over the Company of a further burden on quantities recorded for the its working account, which for iwo previous
yours; flour importa, however, the volume charge of $56,940,00.
In the year under review carried a stored showWN
a slight deercase over the figures for the two pre-pany, shown at the close of the The cash resources of the Com- vious years, but information leads us to believe that this reduction substantially increased since that last year to be $60,568.00, have is in proportion to the quantity date and are now ample to meet imported Into the Colony.
Clearances were generally good be proposed to you in due course.
the dividend payment which will With silver rising both in Lon year, when stocks began to in- to be any further items in the ac unt!) the closing months of the While there do not appear to me don and New York, the Hongkong trenas in godowns, but the current counts which dollar appreciated a farthing this year
редат
call for morning, the rate being 1s. 3d, ear has shown signs of improvo- comment..
special The local market, however, is dis-
would like to refer to ment in thin respect. tinetly easier, thero boing, ap-showed distinct improvement also, Board was considering the advies.
Receipts of
my remarks at last year's meeting. Keneral parently little confidence in allvor, and we anticipate increased bual bility of developing certain of the cargoes when it was intimated that your Silver In London rose 7/16ths neas resulting from
the spot and 3/8ths forward, chiefly kulations governing the storage of Point with a view to securing an revised re Company's properties at West due to small offerings. The Condutinble goods in Hongkong, which improved return on the capital in- tinent was a small buyer. After regulations will become effective vested. caster, business being reported t the official fixing, the market ruled on July 1st, this your. 1/8th under the quoted prices.
As a result of the collision two. seumen of the Venezin were re- ported missing, believed drowned, while two Chinese pasacngers diod. The Venozin was badly hold in the port stern, and had to be towed in to Hongkong. The Sul Tai aufered less damage
EAST AFRICAN UNION.
LOCAL DOLLAR RISES..
BUT MARKET LITTLE EASIER.
NO PRONOUNCEMENT AS YET.
London, Mar. 23. Earl Stanhope, replying for the Government on the debite on the recommendations of the Joint Select Committee on closer unten on a steady market. in East Africa, said the Colonial
Secretary was not yet in a post-
While touching on this subject,
Not Practicable. would like to explain the item of Your Board has given this ques- In New York, silver rose 3/8ths $100,000.00 shown on the balance tion the, most careful considera
shoot: this refers to our obligation and attention during the year, tions to the Hongkong Government and they have decided that such
development as was then contem
กล Konoral bonded warehouse
tlon to announce hle polley with regards to the recommendations, of Mr. Theodor Janssen, c/o Besara posit made by the Company with certain restrictions attaching to The farthing wedding is announced licenceos, and represents the de plated is not practicable, due to but he was about to appoint a F. Feld and Company Limited, Canton, the Government in accordance the properties in the event of their committee to go into the whole to Miss Kati Wunderlich, who is with the requirements of the employment was dwelling Phones: question of land tenure in Konya. travelling to Hongkong on board the relativo Ordinance, and nor is it commendable from
British Wireless.
1.5. Saarbruschan.”“
guarantee of those obligations, financial
RADIO BROADCAST
CHILDREN'S CONCERT
FROM STUDIO.
Radio Programme Broadcast by Z. B. W. on a wavelength of 355 metres, (845 K. C.').
6.00-8.00 p.m. European Pro
grammo,
5.00-8.30 p.m. Orchestral. Sous Bola (Staub).
Minuet (Boccherini),
Victor Concert Orchestra. 20038. Over the Hills and Far Away
(Grainger-Schmid).
Colonial Song (Grainger-Schild).
Vietor Symphony Orchestra. 38035, Hudson Waves (Pignoloni). The Swing.
Victor Orchestra. 85876. High Water (Brennan-McCurdy). Midnight Reflections (Malneck-
Signorelli).
Paul Whiteman and His Concert Orchestra. 85092. 6.30-0.00 p.m.' · Children's Concert from the Studio. 6.00-6.35 p.m. Operatic. Triumphal March from "Sigurd
Jorsalfar" (Grieg).
Queen of Sheba-Cortege (Gounod),
Victor Symphony Orchestra. 86703, Faust-Lo parlate d'amoro (Gounod). Dan Carlos- don fatale (V dis.
Margarete Matzenauer (Con- tralto). G618,
Cavalleria Rusticana-Selection
(Matengni),
Creatore's Band. 36815, Aida-Celeste Aids (Verdi). Boheme-Racconto di Rodolfo
(Puccini).
Glovanni Martinell (Tenor). 6695, 7.00 p.m. (Stock Quotationo, Mail Notico, etc.).
6.35-7.18 p.m. A Concert. Song-Solveig's Song (From 1st, Pear)
Gynt Salte-Grieg),
Song-Solvejg'e Candle Song (From
2nd Peer Gynt Suite-Grieg). Lucy Izabello Mare (Soprano). 4014, Violin Solo-Romance in F
(Beethoven).
Jacques Thibaud. 0800, Voen Duct-The Moon Has Ralu'd Her Lamp Above (Benedict).
Royal Dadmun and Lambert Murphy.
Vocal Duet-I Know a Bank Whoreon
the Wild Thyme Blows (Shakespeare and Horn). Olive Elina and Elsie Baker, 4085, Piano Solo-La Campanella (Paganini-Liszt).
Piano Solo-Nocturne in F Sharp
Major (Chopin).
Ignace Jan Paderowski. 0826. Song-The Two Grenadiers
(Schumann) Song-Midnight Review (Glinka).
Foodor Chaliapin (Bass). 6010. 7.18-8.00p.m. Variety. Vocal Duet-Red Lips-Klas My
Blues Away.
Alleen Stanley and Johnny Marvin. 20718. Impressions of London (Westminster). ät. Margaret's Chimes Westminster.
Stanley Roper, 20020. Song-Sweethearts on Parado,
Johnny Marvin (Comedian). 21820. Band-The Jolly Coppersmith, Band-Don't be Cross.
Arthur Pryor'a Band. 20318. Humorous Song-He's So Unusual. Humorous Song-I'd Do Anything
for You.
Holen Kane.--22080,- Duct for Two Pinnos-Engamuffin, Duet for Two Pianos-Dance of the
Paper Dolls. Victor Arden and Phil Ohman. 21020. Chorus-Evenin'.
Chorus-Comin' Home.
The Levelers. 21807, 8.00 pm. Local Time and Wen- ther Report,
8.03-10.30 p.m. Chinese Studio Concert.
10.30 p.m. Rugby Mid-day Press Now
19.33 p.in. Close Down. All records in the above European programmes are kindly supplied by Mesara. Tsang Fook Plano Co..
siderable area of valuable land which it would be necessary to devote to unproductive property because of the onerous regulations As to open spaces required by the Public Health and Building Ordl- Hance. Thu properties which were considered in this project have, however, proved far more .productive during this last year, and continue to be very fully oc cupied on a profitable basiA,
Future Outlook.
It is both difficult and unwiso to attempt to forecast the future prospects of the Company, bearing. in mind that our principal re- venue dependa so vitally upon the conditions which prevail from time to time and which influence trade both here and throughout China; but I am pleased to repert that the figures for the first two months of the current year have been more encouraging than for a long time past.
I now formally propose that the report and accounts for the year onded 31st December, 1931, as prosented to you, be adopted; that the proposed distribution of profits namely, a dividend of .6.16- share be paid in respect of the por fully paid-up shares and of $0.08 por share in respect of the partly paid shares, be adopted and pass ed. I also pronoge balance of 808,224,44 be carried that the forward to 1032 account.
Ia sheroholder will be good enough to second these proposals, beat of my ability, any questions I shall be pleased to answer to the having reference to the report and accounts which you may wish to ask, beforeng saking
We have received a
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They are now showing In new shapes at reduced; prices.
"Van Heusen" Shirts with collars attached in White, Blu. and Biscuit. Guaranteed Unshrinkable and most economical in west. Cali and let us show them to you.
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ARTS & CRAFTS LTD,
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HAVE YOUR APARTMENT TASTEFULLY DECORATED
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IT COSTS NO MOŘE ALLOW US TO ESTIMATE
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4A, DES VOEUX ROAD
TEL. 24173.
SUNSHINE SUSIE"
COMING SHORTLY
Hear the
popular Song Hits.
"To-day I Feel So . Happy"
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RENATE MULLER
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