KING'S THEATRE
TENTH ANNUAL
DANCING DISPLAY
BY THE PUPILS OF
MISS VIOLET CAPELL
Under the Distinguished Patronage of His Excellency The Governor and Lady Peel
оп
WEDNESDAY, 31st MAY, 1933
at
5.15 p.m. sharp,
Part Proceeds will be donated to
Local Charities & The London Hospital. BOOKING NOW. OPEN-
Dros Circto $3. Front Stalls $2. Back Stalls $1.
Including Tax.
Children, Soldiers & Sailors in Uniform Half Price.
1933 Marches On!...With One Of The World's Undying Romances!
Wa Usher in a New Year 2 "with the Most Magnificent. Production of this Immortal Story...... the Love-Drama of a Yankee Sailor and Japaness Geisha Gir!.......
MADAME BUTTERFLY
with
SYLVIA SIDNEY CARY GRANT CHARLIE RUGGLES
10
B.P. SCHULBERG ·
PRODUCTION
a Paramount
Picture
QUEEN'S THEATRE FROM THURSDAY.
From the:-
ICY CRYSTAL WATERS
of The Norwegian Fjords!!!
Finest "Bergen" Brand
No. 1 in Tomato Sauce Very Tender. Decidedly Delicious
in half-pound tins.....33 cts. tin; 5 for $1.50. No. 2 Finest Kippered Herrings Boneless Fillets. "Auk Brands" .half-pound tins 28 ets. $1.65 for 6. No. 3 Finest Sardines in Pure Olive Oil "Ship" Two Layers 16/20 Fish 33⁄44 oz. 20 cts. or $1.50 8 tins. No. 4 Finest Sardines in Tomato Sauce "Fjord Queen"
Two Layers 16/20 Fish 34 oz.
20 cts, or $1.50 8 tins. Finest Bristling Sardines in Pure Olive Oil "Three Auks" 16/20 Fish 334 oz. 32 pts. or $1.50 5 tins. FREE: Illustrated Recipe Book for Herrings.
No. 5
HABADE LIMITED
(Cut This Out and Place Your Order)
HABADE, LTD.
St. George's Bldg.
Hongkong.
22. Hankow Road,
Kowloon.
Please supply, the following:-
tins Item No. 1.... To Name
2.
Address
4
5
ALWAYS USE
FINEST ANCHOR
Test
BUTTER
OBTAINABLE FROM
CHOICEST
LANE, CRAWFORD LTD.
AND ALL LEADING. COMPRADORE STORES.
THE HONGKONG TELEGRAPH. MONDAY, MAY 22, 1933.
SUGAR REFINING CO. FINAL MEETING.
HEAVY LOSS REALISED ON MACHINERY
SATURDAY'S DOWN-
POUR.
RAIN COMPLETELY WASHES OUT SPORT
The final meeting of shareholders Sport on Saturday was com- of the Chian Sugar Refining Co.pletely washed out by the heavy Ltd., in voluntary liquidation, for the rain which fell from about 2 p.m. purpose of adopting the accounts of
the joint quidators, Messrs, Jardine until nearly 6 p.m., after a sultry Matheson and Co., Ltd, and Mr. John few days. Fleming, and to pass an extraordinary resolution for the destruction of books, accounts and documents of the Company, was held in the Hoard Room of Mears. Jardine Matheson and Co., Ltd., on Saturday.
In the balance sheet of the Com. pany as at May 18, 1928, the date of commencement of liquidation, the
The downpour seemed to have been heavier in Hongkong than in Kowloon, where only 0.72 inches were recorded for the 24 hours ending 19.30 am. yesterday at the Royal Observatory,
SILVER'S BRIGHT
FUTURE
METAL'S PRICE MUST BE ENHANCED
Washington, May 21, A warning to the world not to expect too much from the World Economic Conference, was uttered to-day by Professor Moley, Anstatant Becretary of State and confidential adviser af President Roosevelt. AL the Hame time this expert painted a bright picture of the future pro- spects of silver.
Professor Moley pleaded for The adoption of the accounts was
The rain, dispersed the oppres-caution before an early return to proposed by Mr. Ho Leung seconded by Mr. P. C. Potts and carried.
sive heat, in which Hongkong had an international monetary stand- The following resolution was pro-been sweltering during the week, ard, and streamed the point that posed by Mr. F. C. Hall: That the and Saturday night was much war debts were not a matter which could be traded against other mat- books, necounts and documents of the cooler. Company and of the liquidators there- A small landslide occurred inters: of be retained by Mesara. Jardino Belcher Street about 7 p.m. 011 Matheson and Co., Ltd., they under Saturday as a result of the loosen- should not be expected, he taking to destroy the same at the
that the Economie Con- expiration of five yours from the ing of a large quantity of rock and Raid,
ference itself would be able to dissolution of the Company..
earth from the hillside.
Traffic was completely blocked.draw up any plan for a series of Mr. Ho Loung seconded and the
and had to be diverted along the would alleviate the economic dif-
international resolution was carried,
mensures which Praya. Buses coming into town were particularis affected, as they ficulties throughout the world,
Was the dif have to take the route through For instance, there estimated amount recoverable on the
Aculty of extensively attacking land and buildings at Hongkong and Belcher Street.
The scene of the occurrence is trade barriera. The removal of Swntow was stated at $817,855.54 while the accounts of the liquidators about Liventy varda from the West these would probably be the most whole con- shows that the amount actually reali-Point Fire Station. Happily, no difficult part of the
Terence. sed was $3,018,333.31. Similarly the pedestrians were passing the spot cstimated value of sugar in stock and at the time, and no casualties oc- Professor Moley stressed the on abipment was given at $1,440,541. 13. In this respect the liquidators' Curred. The rock was loosened importance of the silver question, accounts show reallantion of $1,400, with a deep rumbling, which gave declaring it was not much a mat- ter of remonctising silver as of timely warning to those near by.
The task of clearing the debris enchancing its price in order to The total receipts for the period from the date of commencement of was undertaken. early yesterday enable Oriental and South Ameri- liquidation to Murch #1, this year, morning, and by about 11 am. the can countries to purchase United were $5,094,006.23. The bulk of this route was open to traffic, although States goods. went to pay the Bank ($2,373,600) to a large quantity of stone and earth meet debentures, and Jardine Mathe-still remains to be cleared.
The Ron & Co., Ltd. ($1,707,073). balance carried down was $30,702.20. to be dealt with a follows: First and final dividend payable to share. holders at 43 cents per share, payable on April 21, 1989, $60,400; balance left in hands of quidators to meet the cost of final advertising, printing,
$R02.83.
867.07.
The capital of the Company was $2,000,000 in 80,000 shares of $25 enchi In 1921 shares were at $135.50. In 1928, after suspension of activities, they were sold as low as fifty cents.
Liquidators' Accuant,
The Liquidators' account showing the manner in which the winding up had been conducted staten:-In ne- cordance with Section 178 of the Com panies Ordinances 1911, the resolution to wind up this Company voluntarily was adverilsed in the Gazette on 25th May, 1928, and also in two local news- papers. The provisions of Section 181 regarding the Creditors' Meeling and advertising same in the Gazette and two local newspapers were complied with. At such Meeting held on 18th
SHANGHAI BALL BROKEN UP
TEAR GAS BOMBS
Shanghai, May 21.
A startling incident occurred at:
He predicted that the Economic Conference probably would agree immediately on a monetary policy, (working through the central lanks, supplemented by n arnekronisation of internal gov- emmental expenditure and the pro- gressive removal of exchange re- Įstrictions.—Reuter.
St. John's University Ball last GEORGES PHILIPPAR.
when the remarkable: night, spectnele was witnessed of terror- atricken dancers, with tears streaming from their eyes, rushing from the ball room.
an
DISQUIETING EVIDENCE IN REPORT OF WRECK
London, Mny 20.
It is understood that evidence of a
the
It appears that while the hall was in darkness, prior to a flash- light photograph being taken, an most disquieting nature is contained in the Investigating Committee's re- unknown person hurled tear gas port on the loss of the French liner, bomby into the crowd. Several | 8.8. Georges Philippar, for which, the persons were slightly injured in London Insurance Market offeinlly of the rush for exists,
applied to the French Ministry Murine. The perpetrator is believed to
The £1,125,000 claim was fully met have been a patriot, opposed to by the insurance comparies, on the June, 1928, it was not deemed neces- amusements such as dancing, understanding that the underwritere sary to appoint another liquidator or during the country's crisis.received, AN SOOM as possible. the to appoint a Committee of Inspection. Reuter Special.
Committee's report on the disaster, Debts or Claims against the Company
but though eight months have elapsed were advertised for in the Gazette outing in partial development, lay out since the report was comploted, the on 26th May, 1928. and in two locni of roads, etc. While thia Annet re-contents have so far been kept secret. | newspapers on the same date. Notice muined unrealised the interest
In- Logal proceedings have been of intention to declare a final Divid
Creditors' advances continued and no stlluted on behalf of end was advertised in the Gazette on 18th
Creditors November 1931. claims were again advertised for on the sune date. A compromised Deb- tors' account was not paid as arr{1}}~ ged, however, which led to a year's delay in closing the liquidation. The Notice calling the Final General Meet- ing was advertised in the Gazette on Friday, 7th April, 1939, and also in two loeni newspapers, The refinery was closed down in May 1928, but it was necessary to retain a number of the staff for packing and disposal of the Stock on Ennd: to fuellitate its disposal the Cube Sugar depart ment
carried UN with successful results until the stock suitable for blis purpose was exhausted. With the exception of the Manager, whose services were retained for some months, the Euro- pean staff and families were at once repatriated. Messrs. Jardine, Mathe- son & Co., Ltd., having guaranteed full payment to them of their balances in the Provident Fund, the liquidatora were placed in a position to pay these creditors before they left the Colony,
Was
Pension Fund Inadequate.
A
French, less than $385,203.62 was expended; English and Spanish underwritere to minimise this charge a large por-against the owners of the Georges the Messageries Murl- tion of the refinery land was lot for Philippar, storage purposes, but the rates times Company, to recover the value obtained were not high in view of the of the lost cargo.--Reuter, insecurity of the tenants' leases. certain delay was experienced in sell- ing other property owing to its close proximity to the. Morrison Hill re- elamntion. Owing to the disturbed state of China, Stocks on shipment were only gradually disposed For the same reason it was found that certain Debtors wero unable to meet their obligations and though eventu. ally some concessions had to be made, little loss was made in collection of their accounts. Periodical reports on the progress of the liquidation "have afteraly been given to Shareholders with the liquidators' annual accounts and have dealt more fully with the gradual realisation of the Company's Assets, The Funds available when co further Debts rould be collected were $50,702.83. Out of thin sum a First
A Fira Dividend or Return of . Capital of Sixty Three
per.
conta share has been declared payable at the offices of Mesars. Love, Bingham & Matthews, Mercantile Bank Build-
Dividends unclaimed by the 21st Octo. her, 1933, will be lodged with the O- vial Receiver to whom applientian for payment should be made after that ante. It will be observed that the joint liquidators have charged $10,- 000.00 for their services for the five
Cluins were received from ex-vm-ing, en or after 21st April, 1933, ployees, who had been pensioned by the Company and those who had been given life pensions were admitted as Creditors. Life annuities were pur chaser and handed to them in settle ment, but it was found that the Pen- sion Fund of the Company was inade ouste by $36,101.94 to meet this Sabi- | yenes of the liquidation. Based on lity, resulting in the loss shown in the Assets realised and the funds the Realisation
Heavy disposed of this rum is some $5,000.00 losses were realised in disposing less than sente charges.
Account.
of the Machinery and Plant, much of which had to be sold as Berup; part of it was sold to Australian buyers but most, including the Ein- kines and Electrical Plant, found its way into South China. Charcoal, 61 which a heavy stock had been carried for refining purposen, proved unanic able at prices anything like coat and after some sales to Manila at fair price a buyer in England took the remaining stock at a nominal cost, the stock having been advertised ex- tensively throughout the East with out success. The Water and Patent rights of the Campany were unrealis- ablo but lttle loss resulted as these Assets had been well-written down in earlier years. The fleet of lighters and the Company's launch found ready buyers at prices considerably higher than their book values. The
chief Asset of the Company lay in its Innd, of which it had been the owner for many years, and which in conse- quenco realised a substantial profit on sale. The European and Chinese Staff tenements were soon sold locally at Ballsfactory prices but, the refinery Iand was too largo in area for the ordinary purchasor, Pinne word pre- pared for to sale piecemeal but ultimately a buyer for the whole arca was found at what the liqulilatora considered a satisfactory figure, hav- ing regard to the fact that calo piece- ment would have entailed considerable
“GETS-IT”
Gives instant relief to
the most painful CORN Buy a bottle today.
31.25.B
SWAN, CULBERTSON & FRITZ.
Investment bankers and brokers in securitics and commoditica Daily New York and London Stock Exchange Service Commodity Futures on the principal American markets
Members of New York Cotton Exchange.
Members of National Raw Silk Exchange Inc., New York. Members of The Rubber Exchange, of New York, Inc. Members of The National Metal Exchange, Inc., New York. Members of Chicago Board of Trade.
Correspondents for Hayden, Stone & Co. Telephone 27253.
Cable Address: Swanstock. Asia Life Building, 14, Queen's Road, Hongkong
DURING
EMPIRE WEEK
We are making a
SPECIAL DISPLAY
of
ENGLISH FOOTWEAR
Every model shown in our windows will be from British Factories BODY & SOLE
and
EVERY STITCH
The Proud Products of the English Craft. GORDON'S, LTD.
The Colony's Leading Shoe Specialists.
THE SMARTEST PEN
EVER SHOWN.
EVERSHARP DORIC
beautiful
See these new pens now on display at Sincere's
the new
Doric Eversharps are the "finest writing instruments
ever made.
TWELVE SIDED. CEM BRIGHT. GRACEFUL.
BETTER TO WRITE. FEATHERWEIGHT.
PERFECTLY BALANCED.
DISTINCTIVE INLAID 'FILIGREE BANDINGS & CLIPS,
Usual Eversharp Exclusivo Offer of Choice of 14 Points.
THE SINCERE CO., LTD.
SOLE AGENTS.
LISED
CARS
ENQUIRE AT GILMAN'S FIRST!
KOWLOON
Tel. 57226:
D. Stewart-
HONGKONG
Tel. 22614.
-Sales Manager.
HOUSE PURCHASE SCHEME
combined with Life Assurance.
SAVE RENT
by
BUYING YOUR OWN HOUSE with the assistance of CHINA UNDERWRITERS, LTD.
Hong Kong Bank Building,
Phone: 28121,