In the ROOF GARDEN HONGKONG HOTEL
On SATURDAY, 29th DECEMBER DINNER DANCE
(Till 2 a.m.)
Entertainers
IN AN ENTIRE CHANCE OF PROGRAMME THE SIX HOLLYWOOD BLONDES
and
ANDREW & URSULA
Dinner: $7 per person. After Dinner Admission: $2.
Early Reservations Suggested. Phone 30281.
THE HONCKONG & SHANGHAI HOTELS, LTD.
TURN BACK the hands of TIME
and you will find that "Three Castles" are the same uncommonly fine cigarettes today
that they were fifty years ago.
.66
"Three Castles"
Quality Virginia
Cigarettes
EA-532
TYRE EXPENSES
Use
FULL-CIRCLE RE-TREADING SMOOTH EVEN WEAR WITH SAFETY, BEST MILEAGE AT LOWEST COST. THE HONGKONG TYRE CO. 392, Hennessy Road, Wanchai.
Tel. 28539,
THE HONGKONG
CHINA LIGHT & POWER CO.
YEAR OF STEADY PROGRESS
ANNUAL MEETING
A year of stendy, and satis fnetory progress, rather than one of any spectacular develop ment. was reported by the Directors of the China Light and Power Company (1918); Limited, which hold its annual general meeting at its head foflices in St. George's Building
this morning.
TELEGRAPH.
THURSDAY,
AMAZING CAREER OF BARON ALOISI
DECEMBER 27, 1934.
THE BOOKSHELF
"THE WAY AND ITS POWER"
most
than
to
(Continued from Page 0.). by the Yugo-Slavs, and therefore "The Way and Its Power: A bound up to the polley of Belgrade. Study of the Ta Te Ching."" by Italy was considered autaide the Arthur Waley sphere of Albanian interesta and Allen and Unwin, Ltd., Londen: (Messrs. Georga could count on nobody's support. 78. 6d.) will be found n
Baron Alolal focured his policy on fascinating book, not only Zogu and gradually convinced him students of of the peril in a Yugo-Slav venture, but to all who are interested in Chinese philosophy Next he disclosed the advantages the development of humin which might derive to Albania thought. Not the least interest through friendship with Italy, al-Jug part of the book is the Ways, stressing the point that Italy author's lengthy intraduction to quest, but merely wished to help Taufst seriptures, held no dreams of territorial con- this the most famous of the In keeping foreign invaders at has done a muritorious plere of Mr. Wakey bay, Eventually Baron Aloisi gave work by fell assurance of the country's translation, which he
the excellence of his independence, painting out that with as
describes philological rather In the absence of Hon. Mr. J. I'. freedom there would come progress literary. Braga, Chairman of the Company, {and civilisation after four centuries
It is somewhat startling Mr. A. H. Compton, Acting Chair of servitude.
Zogu saw the situation, and telling of China in
"And, as man, presided at the meeting.
one perusen these pages Supporting him were the
follow cepted Italy's friendship offered by Century BC. that many
the Third ing-Sir Elly Kadoorie, KB.Enron Alolsi. The corner stone of
of the | Mr. C. A. da Roza, Mr. Lawrence the building was
problems the commanding the thus laid, for Kadooele, Mr. Felix A. Joseph, Yugo-Stay influence, pressing and statesmen are similar in charac attention of philosophera and Mr. M. K. Jo Directors), Mr. 17. insistent, was permanently repress to those which to-day con- W. Munton (Manager), and Mr.ed. The road was clear and Baron front the work. Even disarma Noel Braga (Secretary).
Aloisi began to build: he set up ment Shareholders
figures were Albanian finances with an Italian witness the remark of King Hui amongst these: Mesars, T. M. Mitchell, M. Elon and the creation of a National of Char Politi, F. M. Ellis, A. J. Walters, Bank of Albania; he organised a pacifist and logician: "Don't you Kung Sun-jang, H., de Figueiredo, A. Nissim, small but compact army opened the think the truth may be that arms Leung Yau-cheong, P.C. Potts, door to Italian labour, enlarged of cannot be suppressed?" To which Austin fattorney for Mr. A. conecasions, built ronds, bridges, Kung replies: "The doctrine David), Llug Mun-i, B.R. Sequeira, canals and houses,
At the end of the suppression of arms Is G.C. Moxon, P.M.N, da Silva (Sr.). 1926 the first Treaty P.M.N. da Silva (Jr.). P.N, da was drawn up. assuring political outcome of universal love, felt Silen, D. Ellis (attorney for 0.1.and territorial independence to heaven. Te such love exists only equally towards everyone under Ellis), Samuel, Chua Shing- Albania and aupreinacy Gver the choo, C.N. da Silva, G.A. Harri. Adriatic to Italy. In the course of this policy can certainly never in words but not in actuality, man, R. Pestonj, J.H. Shaw, L.C.F in few months, under Signor Mus-be carried out." Bellamy, J.V. Braga, Lo Kal-wing built solid foundation for the day still rest on the sincerity of solini's orders. Haron Aloisi had the prospect of disarmament to And docs no! and K. C. Mok.
growth of Rome's policy in the those who pay it lip services"
"The Way and Its Power" is a knowledge of valuable contribution to the
China
of other days rendered all the more so by the care taken in its translation," A CENTURY OF CONFLICT In "Freedom
Organisa
prezent
CHAIRMAN'S SPEECH
the news of which was with general regret.
Balkans.
•
of Tirana
!
713:173 at the
or
and
of
the'
rol-
Addressing the meeting. the The third and fast achievement Chairman id:-Gentlemen.-It before his appointment is much to be regretted that our Duce's right-hand
as the Chairman, the Hon. Mr. J. P.Foreign Office, was his policy la Braga, is not able to preside at Turkey. Just as Albania had been this Meeting, but I am sure it is an obstacle to the development of matter for general satisfaction Italy's policy in the Adriatic coast, tion: 1814-1914 (Messra, George that his health is steadily in Turkey wasbarring the way to Allen proving, so that we may hope heItaly's penetration in the Near Eust, 159). Bertrand Russell, in
and Univín, Ltd., London: will very shortly be quite himself In other words, Turkey, all but a again. Before deating
laboration with Petor Spence, with the friend, was making it impossible seeks to show the weakening of accounts, I should like reference to the death of one of is essential to a country lacking in
to make for Haly to get supplies of all that the old forms of authority s our Directors, Mr. Lo Cheung-shui, coal, wood, oil and Fron. Baron growth of new forms of organ- result of Liberal assaults and the more rerrived Aloisi opened his political campaign
less unintended at Ankara) by assuring the Turkish The accounts for the anuncial Government, on behalf of Signor
owing to economie and year ended 30th September, 19341. Mussolini that Italy was willing theme is the interaction of theory developments. The have been in your hands for the to give up all claims un Anatolla. and practice in the politics of the requisite time, and I will therefore The chief cause of distrust havbundred years between the fall inke them as read. The grossing thus been removed. profit for the year amounted
of Napoleon and the Great War. to Aloisi set to work to build up rela- $1,246,927.94,
In the author's view, the 19th as against $1,134,tions between Rome and Ankara; a 690.02 for the previous financial new Impulse was given to Italo disastrous end by
Century was brought to ita After charging Profit and Turkish trade, Turkey's views in between industrial technique' and confilet LOKS Account with Directors, international affaira were strongly political theory; the same causes auditors and consultants' fees, supported in Rome, and Turkey was that produced the Great War atili interest, depreciation, etc. the finally given an access to Europe, operate knd, unless checked by nelt profit stands at $781,283.42. which retrieved the country from the international control of
There is very little of particular her Oriental isolation. interest for me to report to you In i
vestment and raw material, will Step by step-Baron-Aloisi made effect, but on a larger scale, "
inevitably-produco-the-Hant- connection with the year now his way into under review.
the heart of the IL has been period rather of steady, sutisfac policy; which resulted in a doory worldwide organisation that Turk and silently conducted his is not by pacifist, sentiment, but tory progress than spectacular development. During Finally the Italian envoy escort from collective disaster."
of any open on the Black Sea for Italy. civilised mankind is to be saved the year we acquires a small house ed the Turkish Foreign Minister
year.
one
o Humphreys' Avenue and adapt to
Rome,
edit to our needs as a Substation drawh up ut Ankara
Baron
the
-
As might be imagined, the whore agreements auther approaches the problem and a Cash Collecting Office and signed by Tewfik Rushdi Bey advanced viewpoint. The book is were daly involved from an extremely ad- Showroom. Development of New Territories undertaking cun- friendship between Italy
our Signor Mussolini. The part of forcefully written. with much
and evidence of tinues and the results considered satisfactory.
MAY
wide research in
caustic
be Turkey served the double purpose covering the numerous isaurs of a bridge for Turkey to span the raised, and is freely interspersed distance which cut her off from with characteristically European politics and economy, and of a new road to freedom for Topments have
Comment where historical deve-
Italy, long
run contrary to Misiterranean.
a prisoner the the author's ideas.
DIVIDEND PROPOSAL After making the usual transfer of $80,000 to Reserve re General Mangers Rights and an addition-
I wo
pressure from
SHARE PRICES
al transfer this year of $104,035.- Tirana and Ankara are 01, we have a sum of $785,815.16 mile-stones marking victories in tincluding $169,466.75 bught the history of Baron Aloist's forward) Available for distribu-political campaign. Without the tion. We recommend the pay-fact of ment of a dividend of 45 cents per doubt, have been obliged to give share quotations issued to-dayi~
Tirana. Italy would, no
The following is the list of local share on the "Old" Shares and in to combined proportionately 411 the "New" France and the Little Entente; shares, leaving about $101.496,59 without the treaty with Turkey to be carried forward..
she would have missed a Shareholders will agree with between her ports and the Black link me that we owe a great deal to Sta. whence supplies the loyalty, industry and efficiency come freely.
of our staff, without which such results could not be attained.
enn now
These, in brief, are the salient points In long line of services
"
I now put the following formal rendered by Baron Aloisi to his resolution to the Meeting:-"That country. The past, wherein great- the report and accounts for the things were accomplished by him financial year ended 30th Septem-in silence describes the
nature ber, 1934, as presented to this of this man who holds many. meeting be adopted and passed, surprise fa store for those that a dividend of 45 cents per till the fertile soil
who share on the shares allotted prior tional politics.
of interna- to ist October, 1933, and pro- porportionately on the shares allotted aubsequently to that date be declared in respect of the financial year ended 30th Septem- ber, 1934, and that the undivided profils of the Company (after the transfer of a sum of $164,936.01
THREAT TO LOOT SUPPRESSED
Peking, Doc, 26.
A large group of rascals, styling
to Reserve re General Managers themselves members of the Poor Rights) less auch
dividend be Men's Society, committed violence carried forward to Profit & Loss in Paoti District today.
Account for the financial year, 1934/35."
They laid alege to a local police headquarters and disarmed
num-
When that has been seconded, ber of police. They threatened to I shall be pleased to answer ques- loot and set fire to buildings, but tions from shareholders as
8 I can:
well they were fortunately held in check
by the timely, arrival of police. The resolution was seconded by reinforcements. Central News. Mr. F. A. Joseph and was carried unanimously,
OTHER BUSINESS
auditors for the ensuing year at a remuneration of $1,800 each was Proposed by Mr. T. M. Mit-seconded by Mr. F. M. Ellis.
proposed by Mr. A. Nissim and chell and seconded by Mr. H. J. M. motion was carried.
This do Figueiredo, Sir Elly Kadoorle
Before the moeting terminated,
and Hon. Mr. J. P. Braga were re-the Chairman announced that elected to the Board of Directors, dividend warrants might be ob The re-election of Messrs. Lowe, tained on application at the head Bingham and Matthews, and office on and after January -7, Mesars. Linstead and Davis, no.
1936.
Banks.
Hugkoug Banks. $1625 b. and
II.K. Banks, (Lon. Reg.), £1381⁄2
n.
Chartered Bank, £16 n. Mercantile Bank, A. and B. £82 n. Morcantile Bank C. £181⁄2 n. East of Asia Bank, $93 n. Am: 0. Finance Corp., Sh. $20's. China O. Fin. Ord. Sh, $1.80 n. China O. Fin. Pref. Sh. $44 n.
Insurances,
$1.20 G
3
Canton Ins., $270 6. Union Ing, $510 b. China Underwriters, China Fire, $620 n.. H.K. Fire Ins., $237% n. Internat'l Assce, Sli. 35.00 n.
Shlyping.
Douglas, $40 R. H.K. Steamboats, $74 n. Indo-Citinas, (Pref), $30.ne Indo-Uhinas, (Def.), $89 m. Shell's (Bearer), 44/4 Union Waterboats, $18 m.
Miring.
Antamoks, 75 cta. xa. Balatoes, 897 n... Baguio Gold, 40 eta. n. Banguots, $18.75 n
n.
Benguets, Exploration, 21 ets.
11.
Benguet Goldfield, 20 eta. xi. Big Wedge, 10 cta. u. Gold Creak, 28 cta. 1, Gold River, 24-ets-n- Ipo Mining, $1 n. Itogons, 40 ct.. Balucet, 16 ots, ̈¤. Kallon;-19/- 11.
NEW
YEAR
CELEBRATIONS
From 28th to 31st December
Special
64
Reduced
ON ALL
Prices
CARNIVAL NOVELTIES”
INCLUDING
HATS, MASQUES, BLOWOUTS, TRUMPETS, CLAPPERS, BALLOONS, FALSE NOSES MOUSTACHES, STREAMERS Etc., Etc. “CRACKERS"
and
"TOYS'
at
Special Bargain Prices
Whiteaways
SWAN, CULBERTSON & FRITZ.
Investment bankers and brokers in securities and commodities. Daily New York and London Stock Exchange Service. Commodity Futures on the principal American markets
Members of:
New York Cotton Exchange.
Chicago Board of Trade,
Commodity Exchange, Inc.
(Silver, Rubber, Silk, Copper, Hides and Tin). New York Coffee and Sugar Exchangs. Canadian Commodity Exchango Inc.
Winnipeg Grain Exchange.
Manila Stock Exchange.
Correspondents for Hayden, Stone & Ca.
Telephone: 30244, 30245, 80246. Cable Address: Swansteck.
9, Queen's Road Central (Cormer of lee Hose Street).
Langkats (Single), $15 n. S'hai Explorations, Sh. $5 . S'hal Loans, Sh. 36 Raubs, ex. div. $10.70 n. Venz: Goldfield, $5 n.
Docks, etc.
H.K. Wharves, $1124 s HLK. Docks, $12% n. Providente (old), $1.40 n. Providents (now), 60 chs, z. Hongkews (old), Sh. $309 r. New Engineerings, Sh. $54 n. Shanghai Docks, Sb. $120 m.
Cotton Mills.
Ewo Cottons, Sh. $9 n.
S'hal Cottons, (old), Sh. $74 n. S'hai Celtone, (new), Sh. $443⁄4
1.
Zoong Singe, `$0.40. n.
Wing On Textilos, Sh. $55 n.
Lands, Hotels, etc.
H. and S. Hotels, $5.05 n. II.K. Lands; $54 b. H.K. Lands 4%
890% b.
debentures,
S'hai Landa, Sh. $241⁄4 n. Metropolitan Lands, Sh, $12.20 n. j Humphreys, $9.
H.K. Realties, $5,50 n. Asía Realties "À” Bh. $100 m Asia Boalties: "B" Bk. $30 Chinese Estates, 888 a. China Boalties, Bh. $134.. China Debenture, $123 n.
Public Utilities. Tramway, $20.10 b. Peak Trams (old), $12 n. Peak Trama (new), 37 n. Star Ferrios, $98 b.
Yaumati Ferries, (old), $22. China Lights (old), $10.40 n. China Lights (new), $10.15 m. II.K. Electrica, $711⁄2 b, and sa. Macao Electrica, 826 n. Sandakan Lights, $8 n. Telephone (old), $244 n.. Telephone (new), $10.70 b. China Buses Sh. $12.40 n. Singapore Tractions, 4/2 b Singapore Prof. 17/9 n.
Industriala.
Malabon Sugars, $8.70 Cald: Macg. (old), Sh. $20 R: Cald: Mack. (Prof.), $19% n. Canton Ices, $2.85 a
Coment (com.), $2.30 R.
H.K. Ropes, $4.10 n.
Stores
Dairy Farms $24 n. Watson, $5. Lane Crawfords, $8.75 m. Mackintosha, 321 11. Sinceres, $8 m
4Vm. Fowella, 70`ets, n. Wing On (H.K.) #106 n.
·Miscellaneous.
Amusements, $2.75 m. H.K. Entertainments, ST1⁄2 S. C. Enterpries, $1 b. Macao "Greyhounds," $3 n. 'Construction (old), $2 n.
Constructions (new), 70 cts. b. Vibor, Piling. 36:00 h.
Ch. Govt. 8% 1925 G. Boadila
93%
H.K. Gov. 4% Loan 8% prem. b. H.K. Govt. 3% % Loan, 2% prem, Wallace Harpers, $7 n..