THE HONGKONG
TELEGRAPH. FRIDAY, MAY 27, 1932.
COUNCIL MEETING
BILL DEALING WITH PENSIONS INTRODUCED
NEW REGULATIONS
A B
dealing with the granting of pensions, gratuities and other allowances to Government
нег-
vanta was read for a first time h a meeting of the Legislative Coun- cil held yesterday afternoon.
His Excellency the Officer Ad- ministering the Government (Hon. Mr. W. T. Bouthern, C.M.G.) pre- alded, and there were also pre- ment:
H. E. the General Officer Com- manding (Major-General J. W. Sandilands, C.B., C.M.G., D.S.0.)
(Ilon. The Colonial Secretary Mr. E. R. Halifax).
The Attorney General (Hon. Mr. CG. Alabaster, K.C., O.B.E.).
The Secretary for Chinese Af- faire lon. Mr. A. E. Wood),
The Colonial Treasurer (Hon Mr. Edwin Taylur).
Hon. Mr. H. T. Creasy, C.B.E. (Director of Public Works),
Hon. Mr. T.-H. King (Acting Inspector General of Polica).
Hon. Commander G. Hole, Harbour Mia- R.N., (Retired) ter).
Wellington
Hon. Dr. A. R. Director of Medical and Sanitary Services).
Hon. Sir Henry Pollock, K. C. Hon. Mr. W. E. L. Shenton.
Hon. Mr. R. H. Kotewall, C.M.G.,
LL.D.
Hon. Mr. J. P. Broga.
Hon. Mr. S. W. Tao, Q.B.E.,
LL.D.
Hon. Mr. W. H. Bell.
Hon. Mr. T. N. Chau.
Mr. R. A. C. North Deputy
Clerk of Councila).
Kal Tak Aerodrome. The Colonial Secretary move; That the Council approves of the expenditure of a further sum of $75,700 on the Kai Tak aerodrome
A
"TELEGRAPH" ART SUPPLEMENT
Numerous Empire Day Pictures.
feature of to-morrow's
lague of the Telegraph Pic- torial Supplement will be the. display of pictures reflecting Empire Day Kungkong.
activities
in.
In addition to groups taken at the opening of the Empire Products Fair, the pictures will illustrate the Girl Guides rally at Goverument House,. the Boy Scout rally at Flag- staff House, and the laying of roses on Queen Victoria's statue..
An interesting series of the Peak Wolf Cub Pack of the Boy Scouts in canip at Saiwan will also appear, as well as a group taken at the opening of the extension of the Young Wo Hospital.
Other illustration will dea! with the wedding of Mr. Soo Chong-hee and Miss Tang
well
the Kwan-yuk, Second Division lawn bowls match between Recreio and Taikoo,
1
ATBUSTERIOETANKEINGINANA2008:11£20
and hangar during the financial year 1932 which sum shall be met from a future leah and shall mean
advance while be charged as an from the surplus balances of the Colony.
"ONLY LOSERS"
i perhaps lidwin Lefévre, certainly a most interesting, and perhaps also the most- authoritative writer on the New York Stock Market, says, in the "Saturday Evening Post" of February 13th, that in "the market” if you are wise, you must lose,-if you are foolish, you must lose, that in the market there is neither wise nor foolish- only losers.
After all, however, it is your money that you have lost,--and if you
have another try, you will lose again!
And it's nobody's business but your own forget the family).
(if. tor the moment, we
}
Isn't it wise to secure a bit of insurance against the
market?
We will guarantee your comfort, and your dependents' independence.
CROWN LIFE INSURANCE CO.
Toronto, Canada; Established 1900.
Crownchina Company, Inc.
Gloucester Building,
2nd Floor.
no
doubt!
GENERAL AGENTS.
Tel. 28400.
Retiring Age.
F. J. Courtney,
Manager.
reduced Ordinance.
Total $109,700, Less alrendy voted-Amount now quired to complete, $75.700.
Air Ministry Payment. Hon. members re aware that hit the cost of the hangar f recoverable from the Air Ministry and £11,500 his already been paid by them on account in
Clause 8 gives the conditions as respect of expenditure incurred up.
A final to age, etc, under which perugns to the end of last year. claim will be submitted by this qualify for the benefits conferred. Government as soon as the hangar it will be noticed that, with the is completed which will, it is anti-consent of the Governor, public cipated, be before the end of the servants will be entitled to retire year. The final-instalment of £30,- 50 or, without such consent, at 000 of the total contribution £100,000 for the aerodrome already been paid by the Ministry.
BANKS.
P. & O. BANKING THE CHARTERED BANK OF HONGKONG AND SHANGHAV
CORPORATION LTD
(Incorporated in. England, 1920).
Authorised Capital ........... Bubmarlbed and, Feld-Up ....****** Reserve Fund
HEAD OFFICE:
.$3,000,000 2,504,100 180,000
117-122; Ladenball Street, London, EC. 1.
· INDIA, AUSTRALIA & CHINA.-·|
Incorporated by oral Charter 2049,
HEAD OFFICE1—LONDON. Tald-Up Capital £3,000,000 „Merve' Fond.. 3,000,000 nerve Liability of Propreltors. 1,000,000
AGENCIES AND BRANCHINES,
PENANG ALON ETAN ILOILO AMRITSAR
Cplombo. Singapore.
CEDU AGENCIFA:-In all the prizelpal towns of COLOMBÓ
DELMI the world.
General Exchange and Banking Ecalness HAIPHONG transacted.. Loans and overdrafia granted on ITAMBUNG approved security. Current and Fixed Deposit HANKOW
HARDIN accounts opened.
SITIAWAN
SOURABAYA
BANKING CORPORATION,
Authorleed Capital
Land and fully Pale.. 21445,000. Beserve Funde
Sterling ................ £8,500,000 .819,000,000
Reserve Liability of Proprietors...$20,000,
HRAD OFFICE: HONGKONG.
BOARD OF DIRECTORA
Hon. Mr. '7. J. Picturson,
Chairman.
T. X-Fairs Badi”
Deputy Chairman
. T. Johnson, Esq. I. P., Warren; Thé.
G.. Mhahin, kas,
V. M. GRAYBURN 194..
CHIEF MANAGER ...
BRANCHE-
BANGKOK
IPOH KARACHI
RANGOON
BAIGON
BATAVIA WEST END BRANCH.
BONDAY 11-16, Cockapur Otreet, London, B.W.,
SALOUTTA ..BRANCHES-Bombay, Calcutta Calleat, CANTON
Hongkong. Madre Bhanghai, CAWNPORE
KLANG KODE
BEMARANG
BERENDAN
KUALA
SHANGHAI
KANGEAR SINGAPORE
KUALA
LUMPUR
KUCHING
TAIPINO
MADRAB
TRIENTSIN
MANILA
TONGRAH
KEDAN
(Phuket)
NEW YORK
TSINGTAO
'PEPING
ΤΟΚΟΝΙΑΜΑ ANOT
(Peking
ZAMBOANGA BANGKOR DATAVIA CARUUTTA CANTON
- Fixed CHENGO
NEW YORK
DAISUKN
FOOCHOW
HAIPHONO
HAMBURG
HANKOW
BAN: FRANCISCO
KARDIN
BAYING DANK ACCOUNTS-Interest HONGKONG allowed at rites which may be obtained on
Toreign Exchange and General and Fixed, application.
TRAVELLERS LETTERS OF CREDIT business transacted.
opened and TRAVELLERS CHEQUES laued.
PASSENGERS' LETTENS
Abeounts Current OF CREDIT Depole received for one year or shorter COLOMBO
appilection.
for use only board F. A. O. and B.1. periods at rates which will be quoted on Home Line steamer, and at Ports of Call
J. STUART, Irita income Tax Recoveted. *Exeratorship and Trusteeship undertaken.
W. J WADDINGTON,
Manager.
SHARE PRICES.
TO-DAY'S QUOTATIONS.
..
Jongkong. 17th Augat, 199).
HONGEW
ILOILO
Iron! JOHONE
THE YOKOHAMA SPECIE BANK. LIMITED.
Capital (fully pald op)....................... 100,600,000 OBE
....... 117,800,000.00 Neverry Fond
The following is the list of local Alexandria share quotations issued to-day;
Banks.
Hongkong Banks, $1550 n... Chartered Banks £11% n. Mercantile Banks, £17 n. Enst Asia, $113 b. Am: 0. Finance Corp., $25 n.
Insurances.
Canton Ins., $1200 h. Union Tus, $475 b.
China Underwriters, $3.40 8. China Fires, $600 b. H.K. Fire In., $1,195 n.
Shipping.
Douglases, $27 b.
H. K. Steamboats, $22 n. Indo-Chinas, (Pref.). $45 n. Union Waterboats, $20 b.
*. Mining.
n.
Benguet Exp.. 31 cta, b.
China Estates, $109
Benguels, 16 b.
be
Kailans, 26/3 n.
the
These cannot $34,000 gratuities and allowances
brought into force until they have rer altogether withheld.
Clause G seta out the services received the sanction of the Secret- which do
for the ary of State; but they indicate not qualify privileges conferred by the Bill..generally the views of the Govern- as Police ment as to the method of calcula- Clause 7 is necessary pensions are governed by the Police tion and terms on which pensions, gratuities and other allowances will Force Ordinance.
be granted. It will be seen that there are two acts of regulations.
Regulations B, are primarily for those who enter the service after commencement of the Ordinance. Their pensions will be calculated under regulation 3 at the rate of 1/600th of the pensionable emoluments of an officer in respect of each complete month of his of 55.
service. Under the Clause 9 deals with the case of pensionable has
corresponding regulation in Re- Air persons removed for inefficiency..
Clause 10 deals with compulsorygulations A, the ealculation is at by the Governor in the rate of 1/720th in respect, of retirement Council, which may be resorted to each month with a climatic addition nt the age of 55, or, in certain cases, at the age of 50, as well as in cases
The result will be that persons The Attorney General moved the jof inefficiency and, in the case of first reading of, "A Bill to amend a woman, marriage. With regard who retire with more than 25 years the law relating to the Registration to paragraph (a) of this clause, I service are more favoured by Re- He am authorised by Your Excellency gulations B, and those who retire of United Kingdom Patents." said: The principal ordinance is a to say that the Government. regard with less than 25 years' service will model ordinance for all Crown 55 as the normal age for retiremezt be more favoured by Regulations Colonies and it has proved effective, The Secretary of State, has sent elrcular suggesting amendments to our model ordinance. This Bil will make the amendments which aro recommended.
The Colonial Treasurer seconded and the motion was carried.
Registration of Patents.
The Colonial Secretary seconded and the Bill was read a first time. Pensions Bill.
on pension; and that, consequently. the exercise of the powers confer red by paragraph (a) is not to be regarded as casting a reflection on the officer concerned.
Cafculation.
of 60/720th, that is to say with n
five years' climatic addition, ..
"A". Persons who enter the service in the future are to be governed by Regulations B: but those in the service at the commencement of the Ordinance will be allowed a choice, either to remain under the 1/720th plus climatic addition rule, that is Chuse 11 provides that an off-tegulations A.or; definitely, to eer's pension shall not exceed two elect to be governed instead by The Attorney General invved the thirds of his highest pensionable Regulations B, which provide for the 1/600th rule without climatic, first reading of, "A Bill to consoli- emoluments.
Clause 12 prevents the assign-addition. They are to be given date and antend the law regulating |
a year to make up tir the granting of l'ennions, Gratui-ment or attachment of pensions, about
gratuities and allowances, and minda'whether to elect or not. I 000 on the aerodrome and hangar ties and other allowances in res- was taken on 10th December lust;pect of public service." Ho anid. clausea 13 and 14 deal with the now move the first Reading of the $25,000 was for the aerodrome and Subject to the provisos to clause effect of bankruptcy and criminal Bill. the remaining $9,000 for the 19 of the bill, this bill repeals the conviction on pensions and allow The Colonial Secretary seconded hangar. The Air Ministry has now Pensions Ordinarices of 1862 and ces. advised us that for civil purposes it 1928 as well a
He said: The resolution stand- ing in my name is in connexion with the aerodrome and hangar at Kai Tal. A resolution approving of the expenditure in 1932 of $31,
"Clause 15 provides for the cesser of pensions and allowances on ac- the cepting employment in certain com-
the Pensions far th
they TIM is necessary to provide the 'aer Minutes' drome with a 'aurrounding fence affect persons now
Aerodrome.'
in
amendment to make this
and the B was'rend a first time.
Vagrancy.
The Attorney General moved the first reading of, "A Bill to amend
Other Bills.
L
S'hal Explorations,, Tis. 2.10 . Haube, $38% 8.
Ducks, plc. Kowloon Wharves, $144 bi Whampoa Docks, $18 b. South-Ching-Motors $IC-n. Providents (Old), $4.95 b. Hongkewa, Tls. 225 'n. New Engineers. Tls. 6 n. Shanghal Docks, Tle. 88% n.
Cottons. Ewo Cottons, Tis, 13.80 b. Shanghai Cotton, Tis. 78 n., Zoon Sings Tia. 10 n.
Lands, Hotels, etc. II. K. Hotels, $12.70 n. H. K. Hotels- Rights. $2 n. 1. K. Lands $774 b Metro Lands $10 n. S'hai Lands, Tig. 27 Humphreys, $15.30 b.
.:
Asia Realties "B" $26 n. Realties, $12 b.
Asia Realties "A", $165 n.
Public Utilities. Tarmways, $21.40 b. Peak 8rams (old), $17 b. Star Ferrics, $90 b. China Lights, $20.40 b. M.K. Electrics, $74.00 b. Macao Electrica, $24 b. Telephones, $381⁄2 n China Buses, Tis. 16 a. Singapore Tractions, 8/- a.
Industrials.
Malabons, $21 n. Canton lees, $54 b. Cements (com.) $18.30 b. Ropes, $13.65 b.
Stores, etc.
Dairy Farm, $28 b. Watsons (new), $14 b. Watsons (now), $13.60 b., Der A. Wloga. $1. Lane Crawfords, $6.90 a. Mackintosh, $21 n. Sinceres, $16.20 n. Powells, $3.85 n.
Miscellaneous, Amusements, $221⁄2 n.' Entertainmenta fold) $14.25 n. Constructions (old), $5.20 b..
S. C. Enterprises $8.76 8. B. Ind, O. $ Bonds, $58% ri. Constructions (new), $1.70 b.
1.I.D. CERTIFICATES.
of the Societe Internationale.de
Placements, Baslo. (Local Agents Thursday's official quotation in Messrs. A. Gocke & Co.)ots Basle: 52. B. 00.
The estimated cost of one of the public service and those who pander,
Clause 16 provides for the pay the Vagrancy Ordinance, 1897" type recommended by the Ministry enter it hereafter but the repeal Is $25,000. In addition $1,500 is does not affect the pensions of those meat of death gratuities in the Ile unid: This Bill defines mendi- case of penalonable officers who die cants and mendicancy and it is required for turfing. The $9,000 who have already Retired. voted for the hangar was sufficient Under clause 2, the Bill public in the service, and Clause 17 pro- hoped will enable the Police to deal for the actual building, but there servants entille to free quarters vides for marriage gratuities where more effectively with beggars in Death gratules will be The Colonial Secretary seconded are certain ancillary works for or rent allowance or Government women retire on or with a view to the Colony. which funds have not yet been. quarters receive credit thereform in marriage. voted.
moint the calculation of their, pension-exempt from estate duty and an and the Bill was read a first time. The revised estimated expendiable emoluments.
On the proposition of the At- ture for 1932 in respect of the
Clauso 3 gives the Governor-in-clear will be moved in committee nerodromo, and hangar is now as
Council power to make regulations after the second reading.
Clause 18 provides for a special torney General, seconded by the follows:
with the sanction of the Secretary widows and orphans pension in the Colonial Secretary, the following or Stace. Those regulations, when
and became law. Formation of Iteclamation. Hinctioned, will be read with the case of officers killed in the dis- Bils passed their remaining stages amond tho Vaccination Turfing, $4,500; sundry works, Ordinance under which they are charge of their duty.
Clause 19 applies the provisions To
Young of the Ordinance to all officers still Ordinance, 1982, the Employers and Directors of the Chinese $2,000; retention money, $2,000. made.
Ordinance, 1902, the Pald Out of Hevenue.
Men's Christian Association of the service of the Colony or in Servants $8.500.
Military, Stores (Exportation) Roads. Approach Rond to
Clause 4 directs that the pon-other publle service at ita com
for the incorporation of St. Hangar, $2,750; Road North of stons, gratuities and other, allow mencement, subject to provisces Ordinance, 1862, the law relating Hongkong," and, "A Bill to provide
ances shall be charged an and paid relating to rights acquired under to the Registration of Birth and Stephen's College," Both Miscellaneous. Fencing, $25,-out of the general revenuo and the existing pensiona legislation. Deaths, the Importation and Ex-
nssets of the Colony.
As I stated at the beginning of portation Ordinance, 1916. the proposed by the Hon. Mr. S. W. Hangar Small Sandry Works,
Clause 6 emphasises the fact that my remarks, the Bill is not intended United Kingdom Designs (Proteto'o, the former being seconded by Apron (Concreto $1,245;
and
pensions, gratulties and allowances to affect persons who have al- tion) Ordinance, 1928, and to re- the Hon. Mr. R. H. Kotewall and gulate the Employment of Young the latter by the Hon. Mr. W.E.L.
Shanton. Macadam surfacing immediately cannot be claimed as of right, or, ready retired.
Persons and Children at sen.
" Adjournment. aurrounding hangar). $12.765: Indeed, without a certificate of due
Two incorporation Bille Lighting etc, $14,000; diligence and fidelity. Electric
Is Excellency.--The also read a second and third time Pubile servants guilty of negli Water Services, $0,000; Latrines
and passed, these being, "A Bill to stands adjourned until this day provide for the incorporation of the week, June 9.
Aerodrome, $20,000-$22,750,
000; Telephones, $6,650.-$31,650.
Government's Views. Members of the Council will find and Petrol Store, $3,750; Paintgence, irregularity or misconduct, on the table, draft regulations to Work, $2,040; Retention Money, are liable to have their pensions, be made under section 3 of the $7,000,-$40,800.
were
were
Council
DEAD OFFICE:-YOKOHAMA,
Branches and Agencies at
Honolula
Datavia Berlin
Kai Xon
$
Karachi
Bombay
Calcutta
Kobe. London
Canton
| Changthus
Los Angeles Kablla
Dairen (Delpy}Nagasak!
Fenglian
(Mukden)
Hamborg
Munkow Marbla
Hongkon
Nagoya
Bangoon Bio da
Janeiro San Francisco
• Feattle Bemarauz Shanghai Chimonosek
Newchwang
Bingapore Sourabaya
New York
Qicka
Bydnar Timbin
Parke
Pelping
Takyo Tringthe
Interwes allowed on Curiami Sovocats,, Deposits received for fard periode at re to be oblaloed on moped. MORL
Hongkong, at May, 1937,
super.
KOWLOON KUALA LUMPUÍL·
LONDON LYONS MALACCA
MANILA MUAR (Jobore) MUKDEN
*FLIPING PENANG BANGOON.
BAIGON...
BHANGHAI
SINGAPOR
BOUHADAYA
SUNGEI PATANI TIENTSIN
TOKYO
TSINGTAO
TOKOHAMA
Current Accounts, opened in Local Currency and Fixed Deposits received for one your de sbarter periods in Loca) Qurfunay und sterling -on terms which will be aupted on application
Hongkong, 4th April-1932,
HONGKONG BAVINGS BANK.
The Dowles of the shore Bank) is conducted by the DONGKONG AND BHANGHAI HANE. |ING CORPORATION. RUN “mấy be obtained
on applicațiarza.
'PON THE HONGKONG AND SHANGHAI | BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hongkong, th February, 1982.
THE NATIONAL CITY BANK OF NEW YORK.
THE HO HONG BANK, READ OFFICE: 55, Wall Street,
Taued Capital
New York'
Capital, Surplus and
Undivided Profits. US$225,003,175.00
Branches ins-
LONDON MANCHURIA
LIMITED (ESTABLISH 1917).
Authorised Capital
„Straite $20,000,000
8,000,000
Paid-up Capital
4,000,000
Reservs Liabilities, of Bhare-
boldere
Surplus
1,621,000
ARGENTINE 4,000,000 BELGIUM
BRAZIL
CHILE
CHINA COLOMBIA SUDA. DOMINICAN
ronto RICO)
“REPUBLIO
INDIA,
HEAD OFFICE: BINGAPORE. Uranches! Ageticles and Correspondents in the principal- elties of the work.
Every description of Bioking and Exchange trualness transacted.
TAN ENG HOOT,
Jo
Manager.
BANK OF CHINA.
Recorganized 'October 16, 1928, under special
ITAL JAPAN
MEXICO
PANAMA PERU PHILIPPINE ISLANDS
STRAITS
BETTLEMENTS URUGUARY VENEZUELA
Commercial and Travellers' Letters
of Credit Travellers Cheques, Bills
of. Exchange and Cablo hransfers brought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and 120,000,000.00 foreign currencies taken at rates that 14.710,000.00 may be ascertained on application to
8,220,096.8 the Bank.
charter of The National Government as an INTERNATIONAL EXCHANGE BANK Bubacribed Capital Pald-Up Capital
Reserve Funds
READ OFFICE/--SHANGHAI.
MONGKONG BRANCH,
4, Queen's Road, Central.
Owing to our numerous branches in China and large connections in the important cam mercial centres at the world, we are able to extend to our cilents' apecial facilities for domaatio and foreign banking and unchange We also handle the issue of Donda and other Pablla Funds of the Chinese Govert- ment both at bome and abroad
BROU J. CHEN,
Manager.
THE BANK OF EAST ASIA, LTD. Established 1918.
HEAD OFFICE: } 10, Des Voeux Road, Central, HONGKONG,
Capital & Surplus over H$8,000,000 Total Resources over II$30,000,000|
**
Every description of Banking and Exchange business transact- od.
Current and Fixed Deposit Ac- counts in local and foreign cur- rencies opened for ellents,
Savings Account and Safe De- posit Boxes..
Branches and Agencies all over the world.
KAN TONG PO,
Chief Manager.
CANTON AGENTS
for The
Hongkong Telegraph.
THE SHAMEEN PRINTING PRESS, LTD.
83, B.C. Shameen. (Nr. British Bridge).
Tel. 12037.
We are also able to offer our Customers tho services of the Branches of the International Bank- ing Corporation in Spain and also of The National City Bank of New York, (France) B.A., in Paris and Nice.
IL M. McLAY,
Manager. Hongkong, 4th March, 1902,
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V. (Netherlands Trading Society).
DANKERÁ
ESTADLIGHED 1124.
Ilongkong Office: 11, Queen's Road, Central Authorised Capital.Culider-180,000,000 PalUs Capital
Gulidar 50,000,000 .Gulders 40,016,001
Itoserve Fund
+
Hd Oro-AMSTERDAM.” *
Baiern lead, Olce—BATAVIA,
HANCHES:--Dendjermanin,
Bandowns," Cheribon TDI
Bombay, Calentia, Djember,
DickJakarta" Inga Jeddah, Kobe, Makas ar, Medan, Palembang. Telen Longer. Penang Rangoon, Rotterdam, Bemarang," Bhang hay Alagapore, Bograbala Soerakaria, (Holo), Tegal, TIL faljap and Weltevreden."
* Thess offices haya mata depaalt boxes to let London Bankers:-Nations) Provincial Basi
Correspondents all over the work.
BANKING BUSINESS OF EVERY
• DESCRIPTION TRANSACTED, A. STOKKINI.
Hoogkong, 1st December, 1981.,
Manager.
THE BANK OF CANTON LIMITED.
ESTADLISHED 1912.
Head Office:-Hongkong,:,
Authorised Capţial
Paid-Up Capital
Reserve Fund BRANCHED:~
$11,000,000 1,665,000 1,329,00€
Canton, Shanghal, Hankow, Bwalow, Bangkok, New York and San Fran cisco.
LONDON BRANCHES |-----
The Lloyd's Bank, Limited. Correspondents in all principal-alties of the
world.
Foreign Exchange and Banking business or every description rezeneted.
Safe Depoalt Doxa (varlo alzar) så a (paszly rental, of from $3 to $48,
LOOK FOONG BHAN, ·
Chlef ManaË NË 4.