1933-03-29

THE HONGKONG. TELEGRAPH.

WEDNESDAY, MARCH 29, 1933

ROPE COMPANY MEETING

SUCCESSFUL YEAR REPORTED

THE ROTARY CLUB.

THE CANTON" "CLUB

S.M.C. ELECTIONS

INVITATION RECEIVED

·FROM TIENTSIN

FINANCIAL POSITION"

EXPLAINED

BANKING CORPORATION.

BANKS.

P & O BANKING THE CHARTERED BANK OF HONGKONG AND SHANGHAI

INDIA, AUSTRALIA & CHINA.

£5,000,000

Incorporated by Hayal Charter 1955.

HEAD OFFICE –LONDON, 14.00

180,000 i Opšti

Besetre Fund Raserro Liablity, at Proprietors an

Authorised Capital

| Imed and Pully Paid-us

Heserve Punde 1-

$3,100,104 |

Bearing Bilver

kan $50,000,000 – 26.800,000

9,500,000 $19,000,000

timershed and Pald-up Leserve Reserve Fand

RESULT OF POLLING FOR NINE VACANCIES

The annual general meeting..of

Shanghai, Mar. 28. -At yesterday's meeting of the Rotary Club, with the Hon. Mr. the Canton Club was held on Voting for the annual elections S. W. Ts'e presiding. Mr. F. A. March 16, in the club theatre, Mr. of the Shanghai Municipal Council CORPORATION LTD Satisfactory trading conditions Mackintosh read a copy of a pam-K. Neckelman presiding. The was concluded this afternoon and

asphlet which dealt with the Club chairman in the course of his ad-resulted in the following members Authored Capital despite a decerease in value compared with accounts for 1931, aervice side of the organisation, for dress to the meeting reviewed the being elected: vere shown in the annual report by which he was thanked on the moclub's financial position, the ques- tion of overdraft, and the satisfac- Mr. A. L. Shields, Chairman of tion of Mr. M. F. Koy,

Guests welcomed were Major A. tory arrangement come to with the Directors of the Hongkong Rope Manufacturing Company, who pre-Barker and Rotarian Fang Mun- H.K. and Shanghai Bank. The sided at the annual meeting this shu, of Bangkok, and formerly a bank had agreed to an increase of student at the Hongkong Univer- the overdraft to $30,000 on condi- morning.

shareholders,sity.

tion that the club made provision Addressing the

The chairman read a letter from for decreasing this by $4,000 an- Mr. Shields said: The gross venue amounts to $164,881.59 and, the Rotary Club of Tientsin stating nually, and also to pay for upkeep after deducting Directors and that they were celebrating the tenth out of profits. In order to carry Auditors' fees, depreciation, in-anniversary of the Rotary Inter-this out, it became necessary not Mr. C. 5. Franklin, 969.

re-

terest and commission to General Managers, there remains a nett profit of $117,417.04 for the year Transferring this amount to Pro- fit and Loss Account,there is balance at credit of $187,417.04, which your Directors recommend be dealt with as follows:-To pay

re-

Having detailed various items of finance, the savings effected being explained in full, the chairman

national Charter on May 10, and only to Increase the club's asking for delegates from the Hong-venue, but also to affect consider kong Rotary Club as they desired able savings on all expenditure. to have representatives from all clabs in China present. The letter also stated that they were endea vouring to establish closer relation ships with all China clubs, and-ar- range if possible an All-China a dividend of 50 cents per share, Rotary convention with a view to absorbing $100,000; to "carry for-ultimately establishing ward to eredit of next year's China District. account, $87,417.04.

the

THE ANTI-NAZI "

MOVE

All-

CONFERENCE OF STEEL HELMET TROOPS

Brunswick, Mar. 28.

continued:

"The Theatre.

Japanese-Mr. Funatsu, 1,352 votes; Mr. Okamoto. 1.334.

TEAD OFFICE. 17-123; Leadenhall Street, London, EC. L

· WEST END BRANCH.. 14-16, Cockspür Atreet, London, SWI -

BANCHES-Bob Calcatta, Callout

Colombo, Hongkong.

lagaporn.

Xadra.

*20.0** 8,000,000), Romerre' Liability of Proprietor $20,000,MER

1,000,000

BAIGON SEMARANG

EREMDAN HANGHAI INGAPORE

AGENCIES. AND BRANCHES ALOR STAR. ILOILO

IPOE AMRITSAN BANGKOK Shanghal BATAVIA,

BOMBAY CALCUTTA be world.

CANTON Business CAWNFORM General Exchange and Basking for Low and wardrafts granted on CCHU

approved security, Current and Fland Depoɛll ecounts opened."

Britons Brig. Gen. E. B. Me- Naghten, 1,030; Mr. H. E. Arnhold, 1.014; Mr. A. D. Boll, 1,003; Mr. E. F. Harris, 750; Mr. P. W. Massey, 758.

Americana-Mr. Raven, 1,028

There were 13 candidates the nine seats to be filled. following were not elected:

3fr. W. P. Lambe, 750; Mr, R. G. MacDonald, 735; Mr. F. N. Mat. thews, 660: Airy N. S. Brown, 409 (all Britons).---Reuter.

The

Assists all the pricipal towns of

COLOMBO

DILNI SAVINGS BANT ACCOUNT-in berest | 150t llowed at mine, which may be obtained on Hai Plication

LETTERS

YAVERS OF C

EITIAWAN.

SOURABAYA

HEAD-OFFICE(—HONGKONG,

ए

BOARD OF DIRECTORS.

T. 2 Pearos, ag.. Chairman.

T. H. 2. Shaw ag Deputy Chairman.

W. IL Bell, Ex

A. H. Compton, Eau. Hon. Mr. C. O. §.

Machi.

G. Makin. Daa Hon. Mr. J. J

Paismon.

J. & Plummer, Sea.

J. F.. Warren, Das.

V. M. GRAYBURN, Esq. CHIDEP MANAGER.

KARACHI

#LAND XODI KUALA

LUMPUR

KUCHING

TAIPING

MADRAS

PIENTUIN

MANLIA

ONGRAH

FEDAN

(butet)

NEW YORK

SINGTAO

PEIPING - YOKOHAMA

(Peking)

ZAMBOANGA

AMOY

PENANG

DATAVIA

BOMBAY

CALCUTTA

Fized CANTON

HAIPHONG HANDUBO CREDIT HANKOW

HARDIN PASSENGERS LETTERS OP CREDIT HONGKONG RANGOON or use only on board P. a 0. and. BL Tome Line @benzoate, and at Parts of Call,

British Income Tax Racovered. Pancutorships and, Trusteeships undertakeo.

W. J. WADDINGTON,

Ladies' Help.

Manager.

Before concluding I want to

BANGKOK

Forsiga Bachangs and General and Bankios: CA Corrent Accoun speed mod Depults received for use year or shorter CHEFOO periods at exte which will be quoted on | COLOMEO

pplication.

A. BREARLEY, Manager. Henthong, 1725 November, 1981.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V. (Netherlands Trading Bociety),

་་ ་

-4770 Find

BANKERS.

ESTABLIENZO 1424.

.F. 140,099.00 :... $2,030,00 ..F. 20.01.001

Bandoers.

Read Office- Amsterdam,” Eastern Head Ofce;==BATAVIŁ.

Bombay, Caleotta. Chertion Djember Dejakarta,·· The Hage, Jeddah, Moba, Maku ear, Medan, Palembang. Peka Penang, Kangoon longue, Rotterdam, Bamarans, Shans Sovrabes Blagapore. bai, Boetsgurta (Holo), Terai, Til istian and Waltevredes,*

As regards the club theatre, that your committee found it ne. should like to mention that acessary to dispense with the per- rather extensive repair to the roofvices of our secretary, who has had to be carried out. As your given such valuable work during a committee did not intend to utilize long succession of years, but this

· SHIPPING DEPRESSION.

the theatre for the ordinary was unavoidable. The club in its which ought to be welcome news Sales of rope for the year under

dances, and it would consequently present financial situation cannot to all the members (Applause).. review show a decrease in value as

be used for performances by the afford the services of a paid Canton Amateur Theatrical So-foreign secretary. I wish to take compared with the, trading account

clety, and on special occasions the opportunity to thank Captain for 1931, but the quantity sold

only, it was rather difficult to de-R. M. Hunt for the very valuable thank tte ladies who have helped compares favourably with

cide whether the club could rea- services he has given us. I fur to make arrangerdents whenever Average turnover during the past ten years. The decrease is a re The town was kept awake last sonably be expected to go to any thermore want to thank him for we held club dances. Without rerious Ofen:-11 Qami's Bend. Crotchi flection of the position of steam-night by blazing lights and storm-large expenditure in order to keep coming to our rescue in our great their very able, assistance the ship Companies generally-on whom troopers marching before the build the theatre in safe condition. In dificulty by offering to serve as dances would not have been possi-utheries Capital we depend. for a large proportioning where the Steel Helmet my opinion the club could not be honorary secretary Capt. Hunt ble. I should not think that any-d-up Capital

were stood by us through a period of one can have failed to notice how, of our business-and is the direct troops, Reichsbanners and Com-expected to do so, but we result of restricted demand caused munists were imprisoned after the prevailed upon from many sides to the greatest difficulty and bas the appearance of the club garden by about 22% of the world's raid. The local Steel Helmet leader do our utmost to retain the theatre, made. If possible for us gradually has improved during the last year. BRANCHE:-annels tonnage being laid up. Restricted was arrested in his bed this morn-as the general opinion seemed to

to make other arrangements. This is entirely due to the efforts be that it would be a great loss to After this meeting, Captain Hunt of Mrs. Wolcott, who not only demand Eas also made competitioning.

Although the effect of the Bruns- the community if the theatre was has decided to resign as honorary worked out the plans for the new keener for the business obtainable.

Revenue derived from rents wick split in the Steel Helmet and given up. I therefore, arranged secretary private reasons lay-out, but also spent a very great as Nazi relations has not yet been de to hold a meeting with the com-which will be known to all of you. deal of time and work in seeing the shows 2 slight decrease

years. termined. Herr Seldte, Commander mitter of the Canton. Amateur am certain that you will be work being carried out properly, compared with The explanation for reduced re-of the Steel Helmets, declares that Theatrical Society who would feel pleased to learn that your com- and procuring the neccesary Tenue from rents will probably be since Hitler's avowal that he want the loss of the theatre more than mittee decided to make Captain plants. I would like to take this ondes Bakers-National Provincial Ban found in the fact that there is a ed to win over the whole people, anybody else, as they would have Hunt an honorary member of the opportunity to thank Mrs. Wolent great number of ex-Reichsbanners no other place wherein to produce clubs in recognition of his past ser- for all she has done so far, and I larger supply of Chinese than there is an immediate demand have been trying to join patriotic their performances: The Canton vices, and I feel sure you will all hope she will agree to continue the socleties, but the Steel Helmets Amateur Theatrical Society under- join me in wishing him all the beat good work also during the coming for.

have restricted their recruitment stood the situation very well, and for his future happiness. (Loud year. (Applause). everywhere. Ho i calling a con- on behalf of the club I wish to applause)

The balance sheet and report ference of Steel Helmet organisa-express my gratitude for the will- To effect further savings a num-wera unanimously adopted, and the Part of Ma-tau-kok property con- tions in Berlin on Saturday to dis-inguess they showed in helping us ber of boya, coolies and the libra- following officers were elected for tinues in occupation by the naval cuss the queation of their admit through a difficult situation by rinn were dismissed, and I feel the new term authorities. There have been in-tance-Reuter's Special.

donating Hongkong $1,000 towards certain that the club's finances are General Committee.-Messrs. M. quiries from time to time for this

the repairs of the club theatre.now on a sound basis, and if the A. Annett, G. H. Burdick, J. B (Applause). property, but ideas of its value

present policy is continued. I not Harrison, J. P. Macdermott, K. Authorland Capital

Bubscribed CLYTA have been so wide apart that your

only expect it possible to carry Neckelman.

Paid-up Capital Directory consider, it in the best

through all that we have promised Balloting Committee.-Messrs.rva Fund and Bat ............. interests of the Company not to

In order to effect savings which our bankers, but I furthermore ste H. Lafford, R. K. Batchelor, U.

BANKEES. part with the property at present.

would run into bigger figures, ita possibility during the coming Spalinger, J. M. Walker. A.[ was, with the very greatest regret year to reduce the price on drinks Schubert, F. H. M. Andrew.

PROPERTY INQUIRIES.

flats

MOLLISON'S AFTER NEW RECORD.

LONG DISTANCE FLIGHT FROM NEW YORK

Reverting to the accounts, 'you will notice that $32,805.81 has been spent on additions to plant and

London, Mar. 28, • Machinery. During the past two

J. A. Mollison and his wife; years the plant has been added to formerly Amy Johnson, have set and is now up-to-date in all re- their caps at further aviation re- spects; it is capable of a larger cords. They will shortly attempt a output than the present demand flight from New York over 5,000 call for. With the exception of miles.

a new motor installed and paid for Mollison reached London after this year no further additious or his trans-Atlantic flight to South renewals to machinery are an-America to-day, and said that while ticipated in the near future.

In view of the present trade de pression, restricted demand and keen competition, I do not care to prophesy; but, so far, I may say the quantity sold in 1933 compares favourably, with the average" for past years.

The adoption of the report and balance Sheet, which was pro- posed by the Chairman and second- ed. by Mr. W. A. Zimmern, was curried unanimiously.

OTHER BUSINESS...

Mr. J. Scott Harston and the

J. Dick.

they did not primarily intend to attempt to beat the long distance record, they hoped to make "a unique flight for man and wife,

Their machine was ready, Mollison said, and they hoped to leave within the next two months. -Renter's Sperial.

MAĆAO WEDDING.

MR. J. B. DA SILVA MARRIED TO MISS JULIA TONG

Macao, Mar. 27. The wedding took place on Sun-

Hongkong and Shanghai Banking Corporation.

Hon. Mr. J. P. Braga were re-day, of Mr. Jone Batalha da Silva, elected Directors upon the motion eldest son of Mr. J. A. E. da Silva of Mr. H. Dreyer, seconded by Mr. of the Economic Research Depart- ment, and Mies Julia Tong, Upon the motion of Mr. J. H. W daughter of Mr. and Mrs. T. P. Howie, secondéd · by Mr. Tong of the Compradore Staff of the McLean, Messrs. Perey Smith, Seth and Fleming and Messrs Linstead and Davis were re-clerted

The wedding was solemnized at auditors for the ensuing year... the Chapel, of Penha, by special Directora and shareholders permission of his Lordship the present at the meeting were:- A. Bishop, a family reception being L. Shields, (Chairman), Sir Robt.accorded the bride and bridegroom Ho Tung, Mr. J. Scott Harston, later at the residence of Mr. and Hon. Mr. J. P. Braga, (Directors),Mrs. J. A. E. da Silva, at luncheon.. Mr. J. Coulthart (Secretary),

SHOCK

Messra. A. A. Botelho, I. W. £700 DAMAGES FOR Shewan, H. Dreyer, J. Dick, W. McLean J. H. W. Howie, W. Zimmern, F. L. Silva, C. W. L Cole, IL J. M. de Figueiredo, J. Toppin, and F. J. Tavares,..

COTTON & WHEAT

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