LANE CRAWFORD TURNOVER
Substantial Decrease Last Year
BRIGHTER PROSPECT
FOR FUTURE
"It is with regret that your directors find themselves unable to recommend payment of dividend.
A
70 INDIAN SOLDIERS LEAVE FOR HOME
Colourful Farewell' At Star Ferry Wharf
THE HONGKONG TELEGRAPH. SATU
A colourful farewell ceremony was witnessed by a large crowd at the Star Ferry Wharf, Kowloon this morning, when a draft of 70, the B.I. steamer Tinwa by which Indian soldiers were seen off to they will return to Calcutta.
SUMMER TOURNEY.
TWO NEEDLE H.K. GOLF CLUB
MATCHES
PHILADELPHIA NOSED OUT
CHICAGO SCORE FREELY
Now. York, June 9. The draft which comprises men' Two noodle matches in the Ame- front the Jate, Mule Corps, and rican League featured national "After studying the results of four Indian officers one of whom
H.KS. Brigade, R. A. Includes baseball to-day. the year, I think you will agree is Subadar-Major Shah Zaman out Philadelphia by scoring seven In the ono the Yankees nosed that the policy adopted by yourKhan, who holds a King's Com-runs, Gehrig and Lazzeri homer- Board of consolidating the commission as Honorary Lieutenant. ing for New York, and Jimmy Foxx pany's financial position and con- The pipe and drum bands of the adding yet another cireult run to serving ita resources ig more Jats and H.K.S. Brigade played his season's tally. banoficial to shareholders than nappropriate music, and many Bri- small distribution of profits" tish officers were present..
A great game between Chicago nald Mr. Michael H. Turner, who
and. Detroit, which went to four- The departing soldiers, custom-teen Innings, saw Detroit nosed presided at the meeting of share-ary with an old Indlan tradition,jout after scoring nine runs. holders of Messrs. Lane, Crawford, wore bright flowered laurele round Limited, held at Exchango Build their necks this adding a unique were: ing this morning.
touch. Shortly before 9.15 thoy Mr. Turner said:
boarded the Army launch Omphale Gentlemen, The Report and Ac-and a lighter. counts for the year ended - 28th February, 1933, have been in
your hands for the requlelte number of days, and I will therefore, with your permission, take them as read.
In referring to the accounts before you, I will confine my remarks o the more salient points, as, where
Second Round Results of the Valley. Competition.
A..E. Charman (11) beat J. Shepherd (18) in the Happy Valley
JUNE 10, 1933.
RADIO BROADCAST
PROGRAMME FOR THE
WEEK-END ... ·
From Z. B. W., on wave length of
summer competition (singles) to 365 metres (84. /ight complete the first round ties.
In the second round the following are the results to date::
W.J.
J. 8. Key (16) beat N. M. Cur- rie (10) 4 &-3.. farlane
J. W.
(15) beat A. Mac-
Brooks 3 & 2.
R. K. Valentine (8) beat A: W. Torrible (13) 3 & 2.
CW E. Bishop (15) boat R. A.
(18) 5 & 4. W. Mule (17) beat N. Drum! (14) 4.& 2
mond
N. K. Littojohn (12) beat W. A. Stewart (9) 3 & 2.
Dance Music To-night. .4-7 p.m.
gramme..
Chinese recorded" 'pro-
·
7-11.30 p.m. * European programme. 7-7.21 p.m. A Concert.
Banjo Song (Weeden-
Promise-Mel-(Scott-Do
Louise Homer (Contralto), 1295, Plano, Solo-Neu Wion Valso
(Strauss, arr. Bright). Piano Solo-Coppella-Waltz
(Delibes).
Mark Hambourg, C2605), Song-Confesion (Discepolo.
Amadori).
(19), W. Tato (0) beat E. M. Hanlon Colle Bola Serenato Napoletana
A. McKellar (8) beat J. Hutchison (18).
1642.
Goldman (11) beat W. Pitten-Song-Napul (Schipa-Hinton). drigh (17) && 4,
Tito Schipa (Tenor). 1638.
2 & 1.
(Sgambati, arr. Bouman), 'Cello Solo-Intermezzo (Vivaldi).
Pablo Casals. 7.21-1.85 p.m. Alcina Suito (Handel).
Philharmonic Symphony Orchestra of Now York directed by Willo
Mengelberg. 1485/1435. 7.35.8.52 p.m. Variety. Duct-Love Scene from "Private
Lives."
S. T. Butlin (10) beat C. White- hand (18) 5 & 4.
Scoros as cabled by Router
NATIONAL LEAGUE,
R. 12
H.
14 2
+2 7
2
7 0
0 6 0
Edgar
Pitts-
Rousing cheers were given from St. Louin the waterfront as the launch Chicago steam towards the Tilawa.
Pittsburgh Cincinnati
(Swetonte pitched for
The provision of a reserve for bad burgh) and doubtful debts is a necessary
AMERICAN LEAGUE.
necessary, items have been set out in precaution in a'business such as ours, chicago ... 10 18
detall.
and I feel sure you will agree with the policy of your directors in placing Detroit
2
9 14 0
$6,000 to such reserve. Considering (Simmons and Appling homered the extent of the Company's business, for Chicago and the game went to it is a matter for congratulation that fourteen Innings) the amount required
80 email. By
18
TURNOVER DECREASE, Profit and Loss Account: In ex- planation of the reduction of working profit as compared with last year this transfer, the bad and doubtful Philadelphia
have to advise you that the Company debt reserve will amount to $5,314.04, New York ....
0 11 1 suffered a substantial decrease in
7 10 1 turnover. This regrettable falling which is considered adequate.
Gehrig and Lazzeri homered for NO DIVIDEND.
New York, and Foxx for Philadet- phia)
off reflecta the depressed trading
It is with regret that your direc- conditions which existed throughout tors find themselves unable to recom the year under review; as you are mend payment of a dividend. Hav- Boston Aware, the spending capacity of the 'public is
until ing had opportunity yourselves is naturally restricted
of Washington such time as the existing economic studying the results for the year, I conditions are dispelled. I would also think you will agree that the policy adopted by your Board of consolidat-
on
2 7 3 7. 10 3
becoming a remunerative source of
point out that the Company is nesting the. Company's financial position revenue. ing severe competition in practically and every branch of its business.
and conserving its resources is more The item-Profit
beneficial to shareholders than a anal Exchange-re
INCREASED COMPETITION. distribution of profits. I accordingly presents the adjustment of sterling dis accounts current between our
will prove the foregoing trust you
The Restaurant and bakery depart. here
allocations. 1 and our London Agents.
think, Gentlemen,nents suffered greatly increased com- The balance of $7,124.63 at credit
that satisfactorily explains the ne-petition during the year, and in conse of interest account arises through
counts before you.
quence of small returns from, tho
office
our
and the corresponding charge, to- gether with mortgage interest, is. account, borne by property revenue which in turn is absorbed in general working.
ments.
G. Mycock (16) beat W. J. Shen- ton (15) 4 & 3,
E.
D. Matthews (8) beat S. E.
(18) 4 & 3.
C. E. Moore (17) beat A. Brooks bank (18) 6 & 6.
A. C. Young (17) beat G. F. Rees (18) 7 & 6.
There are 10 other Second Round matches to be decided.
from E. P. White.
A. G. Ursel received a walk over
BODY PICKED UP ON SHORE
MAN AND WOMAN DETAINED
terday, the corpse, áppears' not to
Duet Scone from "Privato LiveN.”
Gertrude Lawrence and Nool.
Coward. C2048.
Orchestral Cardos." Orchestral Rayero,
Carlos Molina and His Orch. 24100. Song Balloons.
Song-In Old Siborin.
Gracle Fields (Comedienne). B4362. Violin Solo Blue Skies.
Violin Solo-Dance of the Maidens.
Fritz Kreisler. 1238. Xylophono Solo-On the Track. Xylophone Bolo-The Clock and the
Dresden China Figures.
Jack Simpson. B4851. Orchestral-My Fraternity Pin Orchestral-The Girl In the Little
Green Hat.
George Olsen and His Music, 24220. Humorous Song-I Learned About
Women from Her. Humorous Song-A Gay Caballoro,
Frank Crumit. 21785. Orchestral-Lamento Borinqueno. Orchestral La Guajira,
Don Azpiazu and His Orch. 80209.
Orchestral-I Don't Want To Go Vocal-Lovin' You.
Jack and Claude Hulbert. 84855,
Orchestral-Let's All Sing Liko
The Birdies Sing.
The New Territories Police are endeavouring to solve a somewhat mysterious murder disclosed by the discovery of the mutilated re- Imains of a Chinese in Kut ✪ har-
buur, In the Shataukok district.
The dead man has been identi- the employment during the year oftem was installed, and the uniform elded to discontinue acting as caterers ed as a flaherman on a boat owned In April 1932 a new lighting, aya- King's Restaurant, your Board de- fled as Tsim Shul-lim, 27, employ- the Company's general funds in financing the property sida of
fighting has effected a marked im-there and concentrate on maintaining by another man living at Chick Kok business. The bulk of interest
provenient in the appearence of the the popularity of Exchange Restaur Tau Village. ceived, therefore, earned on what Store, and also added to the attractive. ant. The Company's interest in the may be regarded as an Internal loan ness of displays in our various depart-King's Restaurant satisfactory to in Kut O harbour at 11a.m. yes- Selections from Casanova,
ceased on 31At When picked up on the foreshore March last, and it REPUTATION maintained. noto that Exchange Restaurant re- During the year your Company has ceipts are continued to improve our
on the upward trend. maintained its reputation for supply. have ing highest quality merchandise bakery department, and the bread and throughout all departments. Thin, cakes, pr duced from Empire flours, REPAIRS EXPENDITURE. however, does not mean that our are of the highest standard.. Expenditure on repairs and
prices are also the highest. We aru Our branch depot in Nathan Road, too conscious of the severe con- Kowloon, where supplies of bread, re-only we have, to contend with cakes, nowals shows an increase this year of about $4,000, which is almost entire- nowadays, and, while we refuse to be obtoceries and provision, may murdered man, a Chineso man and.
Is now remaining open ly accounted for by expenses incur meet this competition by lowering our until 7 p.m. for the convenience of our woman living in the village have red in redecorating the Exchange standard of quality, we do meet it by customers on the Peninsula, and re-been detained by a Chinese detec- Restaurant and Lounge, and
new selling a good article at a really com- turns indicate that our efforts in this tive for inquirica. private dining room.
petitive price. stress this point direction are appreciated. Other items in the profit and loss
because there seems to be an, Im- | account present no unusual feature, pression that Lane Crawford's are a and do not call for any particular dear store, and becnung this meeting I propose to deal with depreciation gives me an opportunity to ask all when referring to items in the balance shareholders to tell their friends the
truth about us.. sheet,
comment.
Turning to the Balance Sheet: The fixed
assets-of-the-Company-after taking into account additions and anles during the year, and providing for Depreciation, amount to $2,045,046.
50.
COLD STORAGE PLANT. ·
novelties, and in our Ladies' Salon So far as our
Im compan
60
have been in the water long. Cut wounds were noticed in the mouth, ears, and legs, and numer ous bruises were also evident.
Consequent on a statement by Taina Sim, 25, a brother of the
COTTON, WHEAT AND SILVER
+
LATEST NEW YORK QUOTATIONS
to secure a good share of the Colony's Other departments are continuing
business, and we are fortunate In holding several excellent agencies. The Colony has not suffered acutely as many places and countries, Our buyers in London, Paris; and And I nee no reason why, when the
of New York, continue to keep us well much discussed cycle
styles posted with the latent
wo in this and does eventuato, should not
is concerned, especiall, this up-to-dateness greatly appreciated by our clientele. i la the opinion of your Directors
that
Mesars. Swan, Gulbertson and Frits every department of the business Our Furnishing Department contin tinues to maintain
position to take immediate have received the following quota- its position, and is, is we venture to state unequalled in advantage of any improvement in tions on the New York cotton and wheat and silver exchange for yester. The only addition coiling for ex-the Colony. A considerable amount of trading conditions. planation is that appearing under the tender work for ships,
Before proposing the adoption of day. heading of bakery and cold storage
hotels, and plant. This increase of some $19,000 offices was satisfactorily carried out the report and accounts, I would like represents the cost of installing
to express the thanks of the directors during the past year. new the principle of supplying only the best bporation of the staff during the year. We are strictly adhering to the and shareholders for the loyal co- ents of our provisions
and freshest
I now beg to formally propose that commodities in and to provide extra space carrying stocks of butter. I will grocery and provisions department, the Report and Accounts for the year July refer to this again when reporting on and the Increased cold storage space ended 28th February, 1083, as present October
glad if December erected during the year ensures the ed, be adopted, and shall be gla the activitica of departments Sales during the year, you
of keeping will note,
goods in ex- some shareholder will second the pro- January perishable
posal, When this has been done, IMarch. BORRONE.. received for the collent condition in all Include the amount Company's Launch "Elsie", which was
we were shall be pleased to answer to the best May In November last year
share Spot disposed of in the early part of 1932. appointed sole distributors for the of my ability, any questions With regard to depreciation, ample world renowned "Anchor" Brand But holders may wish to ask. provision has been made.
ter, and this branch of our provisiona The proposition was seconded and' The Company's properites-Ex-department gives every Indication of carried unanimously. change Building and 15 Burrows Street
for
"atthe
#
do-
Our
bakary and cold storage plant, fixtures and Attings, restaurant utenalle, etc., have been depreciated in accordance with the usual practice. SOME TEMPTATIONS, COME TO THEI His Excellency the Governor has Motor Trucks have been written down INDUSTRIOUS, BUT ALL TEMPTATIONS appointed Mr. MacFadyen to be a De by 25%.
ATTAOK THE IDLE-Spurgeon.
puty Registrar of the Supreme Court.
DAY BY DAY NEWS IN BRIEF.
Stocks have been valued at cost, and. dapreciated where necessary. The amount of stock this year is lower by $47,120.82.
Sundry debtors show a reduction of $70,790.05 as compared with the pre- vious year.
The a.. Conte Rosso will sail at C p.m. to-morrow (Sunday) and not at; p.m. de inadvertently stated in morning contemporary.
Cotton.
Opening Closing
Rango Range 8.88-8.89 0.10-9.16 0.16-0.15 942-0.44 9.31-0.39 0.58-9.59
·0.88-0.30 0.05-9.05 9.55,0.539.79-9.70-
0.76-9.76 0.95-9.95.
9.25
Ambrose and His Orch. B6279,
New Mayfair. Orchestra. 86080, 8.62-9.02 p.m. "What The Stars Fortel!" for those born between 21st May and 20th June by R. H. Maylor. · B4297. 9.02-9.30 p.m.. Rustic Wedding Symphony
(Goldmark, Op, 20).
Vienna Philharmonic Orchestra conducted by Robert Heger. M-103, 9.30-11.30
A
A relay of the Hongkong Hotel
lay.m. Dance
Orchestra from the Hongkong Hotel Grill Room by courtesy of the Management,
11.30 p.m. Close Down.
All records in the above-European programmes are kindly supplied by Messrs. (S. Moutzle and Co.
SUNDAY'S PROGRAMME.
11-12.15 p.m.
Relay of Eb John's Cathedral Morn. ing Service,
12.15-2 p.m. European Recorded Programme,
2 p.m. Close DowIL 4-30-7
p.. Chinese Recorded Pro-
gramme.
7-10 p.m.. European Recorded Pro- gramme,
7-7,48 p.m.,
Symphony No. 1 in C Mipor (Brahms. Op. 66) played by Leopold Stokowski and the Philadelphia Sym- phony Orchestra.
7.48-8 p.m: Piano Solos. Cradle Song (Brahms)..
M-15.
Alfred Cortot.1271. A la blen Aimee (Schutt). Waltz in E Flat (Durand).
Harold Bauer. 6508. 8-9.30 p.m. Orchestral Concert. Orchestral Queen of Sheba Cortego
(Gounod).
Orchestral Triumphal March
(Grieg).
Victor Symphony Orchestra. 85768,
Wheat
July September October December
Chicago Winnipeg
.76% 64
77%
604.
70%
07%
Vocal
Silver
36.79
07.40
July.... September December
His Excellency the Governor "has appointed Mr. D. W. Tratman, Total CM.G., to act as Colonial Secretary. Mr. R. A. C. North has been appoint- The arrest of a sanitary departed Principal Assistant Colonial. Se On the other side of the balance ment coolle is sought by the Police as cretary and Clerk of Councils. fr. sheet you will notice that a further the result of a brawl in Hau We 4: W. H. Grantham has been appoint. payment of $160,000 has been made
Street, Kennedy Town, yesterday,
towards liquidation of the mortgage when another man was removed to Exchan Hospital suffering from serious stab
wounds.
on the Company's properability to ge Building, reducing the $2,100,000. Tho total of sundry creditors in less this year by $25,980,-
• 55,
NETT PROFIT $47,106.70.
•
ed Deputy Clerk of Counelis,
38.44
sales for the day;---
459 Contracts 275 Contracts, (11,475,000 oz.) (6,875,000 oz.)
BANK RETURNS
NOTES IN CIRCULATION AND
RESERVE SPECIE......
Is is hereby notifed that sealed tondors in triplicate which should be clearly marked Tender for Kowloon It is notified that at the expiration Tong Recreation Ground," will be re- of three months the Chung Wah Yat ceived at the Colonial Secretary's Returns of the Average Amount Po, will, unless cause is shown to the Omico until Noon, 27th day of June, of Bank Notes in Circulation and contrary, be struck off the register for the levelling and turfing of site of Specie in Reserve in Hongkong, As will be seen, the nott profit for and the company will be dissolved. and. erection of Shelter, Latrine and during the month ended 31st May, the year, after making due allowance it is also notified that the name of Playground Equipment together with 1933, as certified by the Manugera for depreciation, amounts to $47,106.- Wang Yip Company, has been struck all contingent works, 70, which, added to
of the rospectiye Banks:- the balance off, the Register.
Averag brought forward from last year. Sin Ming, a returned banishoe, was
Bpecie Banka,
"Amount" la Lleterra. makes the amount 300,288.85 avall able for appropriation.
The final performances by the Chartered Bank of India, Australia sentenced to six weeks' hard labour
and Chips...... ** 12,201,848 $8,000,000 Your directers recommend that this by Air, Schofield, at the Central Ma-Hollywood Ji-Lights will be given
the King's Theatre this, evening, Itong at
Kong and amount be allocated as follows: To gistraay this morning. The defen when further changes will be includ Shanghai Ranking place to general reserve $60,000, to dant was banished for ten years in od in the programme. The Company Mercantile Bank of
120,714,492' 123,000,000+ Corporation place to reserve for bad and doubtful July 1920, and his term was nearly has won warm approval during the India. Limited. 1,381,007 debts: $6,000; to carry forward-
1,380,000 Connaught present, to
was arrested in over
visit to the Colony, and it next account #11:288.88. I would Road, WOBL Sub-Inspector Vincent In anticipated that large houses"
Toimi #181,057.923 122,660,608 state that your directors consider the said that he had returned on soven will attend the final appearances.
with the Crown placing of $50,000 to reserve a sound previous occasions. Young Szt, an Included in the programme will be polity in view of the present un- other banishes, was sentenced to six the final screening of "When London settled condition of trade. As a re-months hard labour. He was banish-Sleeps a British film excellently sult of the transfer, our general re-ed for ten years in 1992. He was produced and with a specially good serve will stand at $250,000.
arrested in Main Street, Shaukiwan, cast,
"In addition Starlier Becurities are at
1,188,000.
In addition Becurilles_depositąd with th#|
VĪGA AR 42,200,000,-
Crown Agensie, valued at £195,000.
Crown Agents and Brailovernment In addition Beverides, deposited with the
Isolde Tristan und Isolde
Narrative and Curso
(Wagner).
F. Lelder (Soprano) and E. Mar
Con herr-Wagner (Soprano). 7603,
Concerto in D Major
(Brama, Op. 77). Fritz Kreisler and the Berlin Opera Orchestra. M-36. 1st Movament-Allegro non troppo.. 2nd Movement-Adagio. Brd Movement-Allegro, glocozo. ma non troppo vivace. Song Traviata-Wild my Dream of
Youth (Verdi).
Song Lucia Tombat my Sainted ⠀
Fathers (Donizetti).
Bonlumino Gal (0870. Orchestral Nateracker i
(Tachaikowsky)
Symphony Orchestra directed
by Leopold Stokowski, M-J. 9.30-10 p.m. Dance Music, Fox Trot-After To-night. Fox Trot-As Long as Love
Lives on. 24120. Fox Trot-Sweet Muchacha. Fox Trot-In the Dim Dim
Dawning 24180. Waltz Live, Laugh and Love, Fox Trot-Just Ones for All Fox Trot-Listen to the German
Timo, 22064,
Band Fox Trot-Twentieth Century WaltPlay Fiddle, Fly, 24108
Blues No 24090:1
10 p.m. Close Downie All records in the shore European Programmes, are kindly supplied by
Mesars. Tang, Fook Flano Co.
RAINCOATS WATERPROOFS UMBRELLAS
Our Raincoat selection is very varled, and Includes Burberry" Gaberdino, Rubberold, Motoring Coats, etc.
THE
RAINGUARD
WATER- "PROOF
Is very Light in Weight about '16 ozs. and will withstand the keenest test. Stocked In Gray, Fawn and Navy,.in.all sizes. from $12.75. Less 10% Discount for Cash.
Inspection Invited. WM. POWELL, LTD.
THE GENTLEMEN'S HOUSE.
Prico
9, Queen's Road Central-Ice House Street Corner,
ARTS & CRAFTS
BAYER
.FOR
MODERN FURNITURE
OF
REAL DISTINCTION
AT
REASONABLE PRICES
A LARGE VARIETY ÓN DISPLAY AT THEIR SHOWROOMS
4A, DES VOEUX ROAD,
When
overheated
you rested in light clothing! A cold will often follow. At the first signs, such as headache.
etc. take immediate-
ly the reliable and
well tolerated
Bayer's ASPIRIN
ASPIRIN
tablets in the original packing.
with the w “Bayer Cross”.
If it's Bayer it is good!
MATTERN'S FLIGHT. and has down
|arrived without inöident
Krasnoyar
Yesterday Mattern was worki CONTINUES AFTER HIS
[w[th his damaged. machine cas MISHAPSAUDIAM
["Blated:1by Russian experta: who Lieut. Mattern on his solo was: feared the delay might for DURING: rushed to his assistance when he Moscow, June 9 crashed, in a forded landing. round-the-world flight attempt vont his breaking the record for has repaired the damage to hit the round the world, fight, which plane,The Century of Progress, hoʻsenka-Routers