SHAREHOLDERS WANT VOICE IN
HOTELS' AFFAIRS
(Continued from Page 1.) again necessitated. operating at cut rates, and in consequence the con- tribution from the hotels in the Northern Port to the General Work ing Account was again a meagre one, The Hotel operated by our sub- sidiary Company in Pelping enjoyed excellent business during its last accounting period ended on the 30th June, 1930, and 1 um pleased to state that current returns show still Zurther improvement,
毋
BIG R. BALANCE'
i.adopted, and that the balance of $550,325.50 Atanding to the credit of Profit and Loss Account be appro- follows:-To pay a printed as dividend of 25 cents per share on 1,103,007 shares, $238,106.75; to carry and I shall be obliged if some share- forward to New Account, $260,858.75, holder will kindly second such pro- posal, whereupon questions na to the Report und Accounts may be raised.
SECONDER'S SPEECH
Mr. Frank Austin, in neconding. Bald:You, Sir, have given very full detalls regarding the Accounts; and The Improved conditions
is very little for me to add. there upon it is gratifying to how that the which I have commented permit me do direct your attention to an en Hongkong is so much greater than patronage extended to our hotels in
of Working Account,
acceleration dur 11.is increase which is included in thio Profit and
ths of 1937. Loss Account before you at a
rure Ing the first few months a Sgure
hear Dist you receive of $380,287.43. This result is better
eer with frequency, returns from our
dation is full."
Pana in amount of the item during the year; also that
is plensant to
It
THE
HONGKONG TELEGRAPH THURSDAY, APRIL 15, 1937.
PHILHARMONIC SOCIETY
“STREET SINGER'' IS
BIG SUCCESS
ERADIO BROADCAST
PHILHARMONIC SPRINGS SURPRISE London Broadcast "Food
Whatever else may be said of the Philharmonic Society's production "The Street Singer" (and for the most part it is ex- cellent enough to withstand criticism), it can be fairly named as the most colourful show Hongkong has enjoyed for many years. It is hard to conceive of anything more pleasing to the eye than the carnival sceno in the second act of this vivacious musical play.
The mountings are superb and the players add lustre with their exceedingly, attractive fancy costumes..
The company, having discovered a spontaneous delight in its lyrics and music, and its opportunities for unaffected gaiety, proceed to play the scene with such joyous abandon as to leave the audience feeling there could be no happier place in the world, than the studio of a young French artist who is struggling fo- wards success.
TOP OF THEIR FORM
by $150,000 than the Working Ac-fotel Managers, that "all accusano count produced in respect of the
We trust this happy
principats to suggest that Evelyn previous year. The enhancement
ncementite of affairs may long continue. may be contemplated with a certain
The entire second act finds princi-Fullerton steals the show, She plays The turning point upwards from
perfection the part of Mario, a amount of satisfaction, but I would remind you that, the result depicted the long period of depression that we pals, supporting players and chorus model who falls in love with Bonni, followed after the at the top of their form. It is quite and inter goes through the whole have been
.N emotions does not yet conform to the standard axing of exe at about its pre-obvious they are thoroughly enjoying
of nor
Komut-of
reactions
For Thought" CHILDREN'S PROGRAMME
Brondenst by Z.B.W. on Wave- lengths of 355 metres (845 ke's). 31.40 metres (0.52 m.r's).
5 pm. Relay of Dance Music from the Roof-Garden of the Hongkong Hotel..
6 p.m. Children's Concert, 6.30 p.m. The Berlin State: Opera Orchestra with Elsie Sud- daby (Soprano),
Orchestral-Polonaise No. 2 (Liszt, Muller-Berghaus); Soprano Solos-Nymphs and Shepherds (Pur cell), My mother bids hair (Ilaydn); Orchestral "Jubel Overture (Weber); Soprano Solo- Cradle Song (Schubert); Orchestral
bind my
The Bartered Bride"-Overture (Smetana); Soprano Solo-The Al- mond Tree (Schumann); Orchestral Torch Dance No. 1 in B Flat Major (Meyerkeer).
7.10 Pubinstein,
10 te credit of Profit and Loss Acment, and similarese Govern- themselves and this cannot fall toured by jealousy. Her harsh volce Arthur
the
-Street
The story is thin, but by means of clever embellishments the company makes it appear vital. The "cur- tains" are very good, particularly that which closes the first net. Though, the play is essentially a romance, the succeed in investing some of players the scenes with a distinct flavour of drama. Thus romance, druma and comedy are cleverly interwoven each making its distinct contribution to n successful show:
It
n few
Pianoforte Recital by
Jerome
which should be achieved in periods
sent level by the
a sympathetically responsive la ideally created for the viperish normal trading. The other items
Polonaise No. 2 in E Flat Minor. action on the part strike
The Covernment.
In the reactions of the audience, Hines which she has to uller, but even note Hongkong
20, No. 2 (Chopin); Polonaise count do not, I consider,
Philharmonie call for results of this early became evident Never before has
more engaging are her facial expres No. 3 in A Major, Op. 40, No. 1 particular comment.
coming
in the great improvement of exports Society production created better "at-alons when she pouts, flares up in (Chopin); Minuet and Trio (from With
ride regard to the contra of from China. This brought greater mosphere" than in "The
anger, sneers and beseeches,
For Fantasia Sonata in G Major, Op. 70), the Account, the provision for bad wealth into the country, creating a Singer". It has warmth, spontaneity such an insignificant part a most (Schubert); Prelude in C Sharp poilshed performance; full of mean- Minor, Op. 3, No. 2 (Rachmaninoff), and doubtful debts at $16,340 com larger demand for foreign imports, and genuineness. pares favourably with the debit So China benefitted nil round, und
7.30 p.m. Stock Quotations and ing and very intelligent. made under the like heading. $14,- this is reflected in Hongkong by the
trium- Exchange Market. Bob Henderson makes 302, in the Accounts for the previous very nature of things. The lower
phant debut. His is not an ideal
7.35 p.m. New Mayfair Orches- year.
In relation to this item, exchange la an attruction for tourists, can assure you that the amount in- and induces them to spend mure Itecs
comedy part, though it has handsomely by Investing the part cluded in the 1918 account adequately when visiting Hongkonis and
good lines. But Henderson scores ly provides for contingencies of the China. From these conditions our
with his engaging personality, Ells xich nature the appropriation is expected Company directly benefits.
c sepulchral tone of voice leads a flavour of conzedy not to be found in the ordinary reditation of his lines, is a part which could caslly be Henderson nbused by over-acting.
under-acts and thereby skilfully
a very entertaining gramme from ZEK. on 'n fre- makea Francols individual, What's more, his song quency of 640 kilocycles, "Ow I Ate Women" is splendidly
8.05 p.m.
Vocal Gems. "Helen"
Korn- (Offenbach, Brг. gold).. .Columbia Light Opera Com- duct with Nina Valentine, "Husband Number Two". In this, however, one
ny. "The Student Prince" (Rom- the pany; wished the singers were enrer
berg)....Light Opern Company: footlights. Some of the best lines Some of my Songs....Mabel Wayne. were inaudible.
by 8.25 p.m. Piano Medley Renara.
to cover..
Bank interest at $5,858.49 re- presents the lowest figure this charge
Main hns renched for many years. the tenance and repairsdebit for year has increased by $28,000 over the debit for the previous year, but when it is realised that this disburse ment applies
NEW HOTEL?
GOOD LEADS
to seven large hotels in the building of a new hotel on emphasis on general effects, this is Gung, while altrest as enjoyable is his!
bedemand and continual maintenance is 45- sential to successful operation of the are not
raised, for, as you are aware, proper of realdenscurlly here for
particular business your Company is ved
running.
You will note that reorganisation
expenses totaling $5,037.26 have
been wrliten off.
and
ible.
ones.
talents
it
to
to characterise which keeps her in
formers,
POOR PART PLAYED WELL H. M. Cockle has a very poor part play and it
and it is to his credit that he
Ballad Memories; Love Tales; road of Tord Hall" Selection (Fraser-Simson);
Kern Melodies, (arr. Henry Hall).
8 p.m. Time Signal, Weather and Announcements.
-8.03 p.m.
Chinese Concert, 11 p.m. Close Down. 8.05-11. p.m. European
Pro-
"Sweet Adeline" Medley: Rhythm of the rain, introducing "Valentine;" Zingi went the strings of my heart;
I trust the Directors will find it possible at an early daie to build a modern establishment on the site of the old Peak Hotel, as I am convinced that if proper economy is excreised the
If this erifique has so far placed. it will prove to be a satisfac- l'eak. and a Garage Department, objection to such expenditure should not be tory investment. There is a strong not to be taken as reflection on in- most instances the a certain proportion dividunis. In
in Hongkong, who
leads are very creditably taken. any
Anne Winter, of course, is an enter length of time, to be
tainment in herself. Her delightful of the worries and
soprano voice is heard at its best in responsibilities of running their own
the many tuneful numbers which stablishment, and who would wel- come a first-class hotel on the Peak, falls to her lot to sing. Beyond her makes it appear important. His best This item covers provided the rates asked tire reason has a stage deportment and ablilty ¦ act when, outraged by Bonni's treat. "Glamorous Night" Waltz Medley..
as vocalist, Anne Winter work is towards the end of the second the entire Court, legal and ac-
8.40 p.m. Potpourri of Waltzes countancy fees, printing costs, etc,
ment of the Street Singer, he tells. The situation in Stinnghai is still Involved in connection with the re- difett, and it is probable that the the front rank of local amateur per- his friend artist precisely what he played by Marck Weber and His
thinks of him and his pictures. 1 Orchestra. duction of capital scheme which was
contribution of our Shanghai hotels
8.55 pm London, News and An- passed by shareholders
Stopani-Thomson's work as Bonni, imagine Mr. Cockle can see red on ap-will not be substantial one until proved by the Court, last year,
the existing old buildings are replaced the hero, is highly diverting. This is the stage better than anybody else in nouncements.
0.15 p.m. Musical Interlude (Re- Ample provision for depreciation
with more modern and up-to-date his first leading role, and.though it is supporting these principals is acorded). has been made at rates endorsed by
quite possible to forth varied opinions
9.23 p.m. Food for Thought' Three intelligent commercial practice on the residual At the annual meeting of our Com- us to how the character should be cast of players who show valuca of the various assets after the pany held on May 27th last year, the interpreted, I think Stopant-Thom- oppreciation of their parts, and a Short Talks on matters of topleq! application thereto of the reorganisa-re-organization scheme was fully dis- son's impression is as good as any chorus which again upholds the tradi interest.
p.m. His quick, flon measures, and amounts for the cussed, and finally passed by share conceivable.
Variety Items. nervous Liony of the Society. The ladies are
Vocal Polly-Wolly-Doodle.... year to $134,742.03.
holders; as a result of which our speech, fluttering hands and general linndsomely costumed, sing lunefully, In the document in your hands, shares were reduced from $10 to $7.50 alr
Mor behave notu
Questal; Accordeon-Stars and of suppressed energy betokens
naturally,
.George the balance sheet details appear cach,
Cyril Brown At time when, opinion just the type of the creator of Bonni.
as producer, has Stripes for ever-March.. much enlarged this year. To pre-regarding
Scott-Wood; Vocal-One Night of the advisability of debonair and care-free artist, had in gain scored a winner. His value to Scott Master Robert Harris (Boy-
Love... serve continuity of record the pro- the scheme
Furthermore Stopani-Thom-the Philharmonic Society connot be Was very divided, mind. visions of the reorganisation scheme, it fell to my lot to advocate son has quite a pleasing voice, an at- over-estimated. He has the knack of Soprano); Hawallan-Maybe it's the. which was passed by Shareholders
tractive appearance on. the stagn.
making the most of his material, of moon....Frank Ferera's Hawaiion on the 27th May, 1936, and approved
and an air of confidence, which sug-giving faithful and intelligent inter-ntrance Frank Crumit, (Come- one with Vocal-There's no by the Court on the 30th July last.
gests better things to come in future pretations to a script, and of have been particularised against the
Philharmonie productions.
ensembles Items cffected.
His many assistants also merit mies to the very best testing
p.m. Dunce Music. STEALS THE SHOW
Fox-Trot-Tain't no use; Fox-Trot mendation. "The Stricet Singer
Dinah; Fox-Trot-Empty should enjoy a most
-Poor successful sca- From the viewpoint of straight act- ing. I do not think it unfair to the It deserves to, and the public Saddles; Fox-Trot-Supposing; Waltz
will
of-Say that you will not forget; appreciation of first-class
-Sweet Mary Rose: Fox-Trot-Bring not give the production full support. long as the world goes round and
The attendance at the Queen's Theatre last night was extremely Maggie kissed him back; Quick-Step.
kissed around; Fox-Trot-He
Maggie, disappointing, though the play was We're friends again; Slow Fox- S.A.G.
fixtures, cover
and
mehose
#
than a
ماكر
circum-
05
in
com-
Wallz
be Jackinment if they 'em back-alive; - Fox-TrotJust_as_
do "
accorded a very friendly reception--Trol-Poor Butterfly Wallens
Co. Reduces Capital
Has
Too Much Money
For Its Needs
the proposed reduction; and, among other things, I then stated that "the reconstruction proposed, given only fair trading conditions in the near future, should bring the time There is little I eun usefully add nearer when the Company, we hope, in amplification. I would mention may be placed again upon a divi-- that the additions to furniture and dend-paying basis." After
going shown
nel-$24,729.61- which have been carefully into the proposed scheme, items
were my considered opinions, acquired for various establishments but I confess I did not expect that a .in furtherance of modernisation dividend, however small, would be the Company, either to present to the
and that the sales referred forthcoming In less measuresion with the
a year's time. shareholders or push ahead on their Lo in
same inset
ears I have been For many years I
own knowledge. They are In the represents the proceeds of realisation sident In one or other of our hotels, special position to consider by private treaty of certain of the and have always taken a particular stances, conditions and future pro- Peak Hotel furniture on the closure interest in the Company's affairs. spects that we, as shareholders what- of that establishment,
Apart from the improved general ever our holdings may be Referring to the listed liabilities, conditions already referred to, the vestors, may not and do not possess, you will observe that the special
In the circumstances, Sir, quite apart ecial better results shown by the present Repairs
Renewals
from the fact of the powers vested Account accounts are due very largely to the depletion during the year suffered to the extent of $15,738.10. This sumstern cconomics exercised with regard in you and your colleagues upon any to salories, and the general running those steps in which we should not measures, I feel that this is one of was absorbed in acquiring and fixing of the business. The most careful silencing apparatus for passenger supervision has been exercised by our Board at all. On the other hand,
interfere with the decision of the lifts, meeting the cost of
due Managing Dire
Director, and his staff; and think there is. lot in the idea, to such typhoon damaged in
our gratitude is due to them for all August last as was not
last as was not covered by they have done. I have pleasure in but
though there are special circumstances, insurance, and reconstructing and seconding the proposal that the re-but from my special knowledge of the embellishing certain suites of rooms port of the Directors and the necounts position of this Board, I think if there at the Peninsula Hotel and the for the Anancial year ended 31st De-re, any matters affecting the shares Repulse Bay Hotel. The last men-cember, 1938, as presented bo adopt vite any necessary opinions for their dont-holders, they would welcome and in- 1loned expenditure has had the effect ed, and that the balance of $559, guidance and better wick. Dr. Kew with it, the Vibro Piling Co., Ltd.. of placing the accommodation dealt 325.50 standing to the eredit of Profit
deliberation. with in the category of "de luxe," and Loss Account be appropriated as and Mr. Braga, you are not wanting brought an application before the
The Chairman: I A demand for this type of accommno- follows: To pay a dividend of 25 dallen had been detected, and its rents ner share on 1.103,807 shares, the Board in this respect and that at the Supreme Court this morning to take anything from the powers of Chief Justice. Sir Atholl MacGregor, popularity since completion evidenced $208,460.75; to carry forward to New you rely on their discretion to do what for confirmation of the reduction of by tenancies, at very lucrative rates, Account, $260,850.75. thoroughly justifies our expenditure
is best for the Company. You can its capital from $215,000 to $150,400. rest assured that the Board of this ite on it.
Appearing for the applicants, Company will give due consideration The bank overdraft figure at the Me, Austin's suggestion of the building with regard to something of import D'Almada Remedios, said the petition regard to to any decision that may be taken the Hon. Mr. Leo D'Almada, inr, who was instructed by Mr. J. M. 31st December, 1036, you will, of a new hotel on The Peak, I think ance, but of course they do not pro- think, agree is negligible, and at that in the event the Directors de- pose to abrogate their powers under $10,108.25 denotes a reduction in our
elde to take. this step meeting
the Articles of Association. Indebtedness under that heading dur-shareholders should be called before The proposal for the adoption of the Ing the year of $270,000.00,
they launch such a scheme.
report and accounts and the carrying The net profit for the year amount-
The Chairman: Dr. Kew,
the into effect at the Directors' recom C to $220,064.39, which added to the Directors have powers, under balance brought forward from last articles, to deal with this and with animously,
the mendations thereon was carried year of $330,201.11 (after the small other matters, and if
OTHER BUSINESS your suggestion re-organisation deduation)
that they should give up provides is
these
The confirmation of the appoint- an amount of
of $559,325,60 available for powers, then, of course, they cannot ment of Mr. Lawrence Kadoorie and appropriation, Your Board recom-agree to it. The matter of the Peak the re-election of Mr. J. Scott Harston mends that $208,466.75 be utilised to Hotel has been mentioned in my to the Board of Directors were ap- pay a dividend of twenty-five conts speech, and, as I said, the inatter if proved, on the proposal of Mr. M. Hnient Gazette, the South Ching per share on 1,103,807 shares, and still under consideration. There is, seconded by Mr. J. T. Bragram. Morning Post, and the Wah. TaZE that the balance then remaining nothing definite at ni.
Mr. N. V. A, Croucher, proposed $260,838.75-be carried forward to Dr. Kew! I was not referring to and Mr. J. P. Braga seconded, the re- new account. Your Directors ap your remarks but to Mr. Austin's. election of Messrs. Percy Smith, Seth preciate that the
carrying Into effect The Directors may have powers, but and Fleming as auditors and the pay of their recommendation involves surely, considering the number of ment to them of $3,000 in respect of utilising
forward
SMALL OVERDRAFT
the year
tho
SHAREHOLDER INTERVENES Dr. F. H. Kew: With
that it had more
On the somewhat unusual ground money than it needed, and did not know what to do
City of my dreams; the word and it's yours; Fox-Trot Everything's in rhythm with my heart; Fox-Trot There isn't any limit to my love;. Fox-Trot-I don't want, to make history: Fox-Trot- Goody-Goody; Fox-Trot-Il's been so-long; Waltz-Poeme.
11 p.m. Close Down.
Smuggling Decrease Indicated
Commons Discusses Chinese Affairs
London, Apr. 14. Recent reports give ground for was brought because the Company thinking the situation with regard was in the extremely happy position to smuggling in North China Is of having more money than it needed generally improving. Mr. Anthony and did not know what to do with it. Eden, the Foreign Secretary, told
Granting the application, His Lord-questioner in the House of Commons ship
But, he added, he would suld it was something like share-to-day. un-holders being given back £2 after consider whether there was any further action that could usefully be they had put up: £5.
taken.
Is Lordship also directed that the minutes for the confirmation of the reduction and the registration of them be published in the Govern
Yat Po.
MOTORSHIP SUNK
San Francisco, Apr. 14.
from tho previous carry shareholders, they should have a voice extra services rendered last year in The Commandant of the 15th
for scheme is feasible or not.
some $78,000, being the or they might be asked whether the undertaking the whole of the work Naval District reports that the Call amount by which the actual profit for
In connection with the registration of fornia Packing Company's motorship, year falls short of the amount of Mr.J. P. Braga: I think, he transfers of shares in the Company Talyo, sanic in Panama Bay and that proposed
dividend. They are of most questions, there are two sides and the control of the register of Balboa's Port Captain, W. F. Jacobs In view of the to the picture, Dr. Kew is quite members. The motion was carried. rescued her. crew of. 17.-United
Those present at the meeting were: Press, the first quarter of tion for consideration by you, Sir, and Mr. Lawrence Kadoorle (Chairman), rapid ac members of the Board. On the other Sir Robert Ho Tung, Hon. Mr. M. K..
Taggart
oplatonovel earnings for the within his rights in putting the sugges-
ascertained
greater part
this year, coupled with
cumulation of the cash resources of hand, I claim the same rights to Mr. Scott Harston
the Company now being experienced, speak on behalf of shareholders like Mr.
myse
H
H.
that such a step could properly tenselt who feel that the Board of Director), token having regard alike of the Company interests Directors have a very sericus re- (Manager), Mr. F. C. Barry
to
KOOSEVELT APPROVES
Washington, Apr. 14. President Roosevelt has approved and of its sponsbility and have very extensive tary) Messrs. H. Glins, A. M. L. the appointment of a joint Philip- shareholders.
means of ascertaining the whys and Soares, G. A. Harriman, E. Abraham, pines-American Committee to study Inow formally propose that this wherefores, the ways and means for A. G. Plovanelli, J. P. Brago, F. the economic relations of the two report of the Directors and the the provision of any scheme that, In Austin, M. II. Lo, C. C. Blaite, J. M. Governments preparatory to the accounts for the financial year ended their considered opinion, they might Alves, J. T. Bagram, and Dr. F. H. termination of preferential trade 31st December, 1930, as, presented be think advisable, in the interests of Kew (shareholders).
treatment-Reuter,
Mr. A. C. Moreing, Conservative, asked whether the British Ambassa- dor to China had furnished a report on the arbitrary reduction of rents. on property owned by Britons In favour of Chinese tenants.
Mr. Eden said he was informed by a sub-commitice of the British Chamber of Commerce, with which he discussed, the matter, that, effec- an instance occurred, which could be tive action seemed Impossible unti made the subject of a test doubtless figure in the international Meanwhile, the question would petition which was being presented to the Chinese Government-Reuter.
case,
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PHONE 28021
AT ANY HOUR
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Under our maintenance contract, we examine all equipment weekly, carry out repairs and adjustments before they become a nuisance to tenant or worry and expense to owner.
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Sanitary, Heating & Ventilating Dept. PHONE-DAY No. 28021
NIGHT, WEEK-END No. 28028
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