THE HONGKONG TELEGRAPH,
H.K. & WHAMPOA DOCK CO.
HAS PROFITABLE AND
PROGRESSIVE YEAR
(Continued from Page 1.)
little change from last year. 1 ven- lure to think, however, that it is a
than for more healthy overdraft marly.
Depreciation of necessity shows moderate increase in proportion to the increase of our plant, and is con- sidered ample..
PLANNED AHEAD
Had we
of the
During the years 1933 and 1030. sensing that the pulse of overseas trade was gradually getting stronger, we planned, un cautious lines, to be ready to move with the better times should they come along. not done this, we could never have taken such full advantage apportunities presented in 1938 and 1937, as we have been able to do. On the other hand, your Board does not intend to be carried away by n spirit of over-optimism, and re-
s'hat it
is its duty to conserve cognises your interests against the severe fluctuations to which all companies connected with shipping are subjeel.
It Is for this reason that we strong
recommend
the same ly dividend as lust
that Fund be $507,300 of the Reserve capitalised in the manner of which you have been notified, and that we make a fresh issue of $1,014,600 of the unissued capital at par, and so bring our capital more nearly to the figure it should be for an enterprise
such as ours,
only
year,
WU
bu!
INTEREST REDUCTION In the times are passing through, it is folly to prophesy, but inking into consideration the reduc- tion in interest which the new capi- tel will automatically bring about, your Board considers that there is reasonable prospect of maintaining the present level of dividend even
normal times,
in
|to render assistance to some of our owner friends. By Junding and stor- ing enrge on our property during the congestion caused by the hostilities in the North, we enabled some of them to keep their ships running which
would
suffered have otherwise serious delny,
We were also able to help in pro- viding accommodation "for" refugees, 150 putting up altogether about men, women and children without charge.
I feel therefore, Gentlemen, that, quite apart from the Ununcial aspect, the record of the Dock Company in 1937 is one of which we all may take a little pride. I believe that a spirit of temn-work and co-operation permentes this organisation, which has contributed very largely to our success during 1937, and which will enable is to face the uncertainties of the future with confidence and hope, present-day conditions we dare not speculate us to what that future has in store for us, but at any
Under
rate we ran and will work so that we deserve success.
I now propose the adoption of the presented Report and Accounts as and when this has been seconded, shall be glad to answer to the best of my ability any questions share- bokters may desire to ask.
BONDS TO BE PAID
POLICE RESERVE
ORDERS.
The orders by the Hon. Mr. T. H. King, Commissioner of Polleo, issued to the Police Reserve to-dny, are:
CHINESE COMPANY
Training Course-Part 11. The undermentioned members of the Chinese Company will attend Chinese Company Headquarters for. Part II of Training Course en Тиенину, March 29 at 5.15 p.m.
Constables R72 Fong Hing, R82 Stern Ho, R00 Yuen Sul Tang, R04 Lau Iung Kam, R01 Ya Shiu Tung, R89 Hung Woon Man and R03 Shlu flung Yuen.
Patrol Duly. Nightly between 8 pm, and midnight by members as detailed by the Officer in Chargo of Company.
INDIAN COMPANY Trnining Course Part 11. The of the Indian Company Headquarters at undermentioned members 5.30 p.m. for Part II of Training Course on Tuesday, Marely 20 under
S. R. 214 Chunnan Singh:- Constables R246 M. Y. Khan, R213 Korum Khan. Nur Ahmed, R287
Khan, R211 S. Aras, R215 Feroz R223 Firdos Khan, R229 M. R. Maik, (221 8279 Mle Walfi Khan, and
kim All
Patrol Duty. Nightly between 6 p.m. and midnight by members as detailed by the Offeer in Charge of Company.
MONDAY, MARCH 28, 1988.
Gang Tortures Victim, Finds Rich Jewels
Woodsburg, Long Is. Mar, 27. Four unmasked intruders en- tered the residence of Mr. Charles pillgrim, a New York dress shop executive, bound Mr. Milgrimi. his wife, two children. the governces and a negro man- servant, and then burned Mll- grim's feet with cigarettes anul he disclosed the biding place of $93,000 worth of jewels and $1,700 in cash,
After this they remained li the house for an hour ransacking....... the place.
This is the fourth similar rob- bery in this vicinity during the past year.-United Press.
GENERAL PERSHING RECOVERS
Tucson, Mar. 27.
Dr. Davison to-day reported that General Pershing had greatly im proved in health, and he hoped to be able to allow him to attend his son's wedding in New York on Apr 22. tional patrol for members of the Fly-10 act as best man-United Press.
FLYING SQUAD
Instructional Patrol. An instruc-
The Report and Accounts were secunded by Mr. Marshall wise suid: The results of last year's working is due in no sinull part to the hard ing squad will be carried out on efforts on the part of the staff. There Friday, April 1. All members will
of has been an enormous amount
Dress-Blue Uniform, and 5.15 pm work to be done as some of us whole at Central Police Station at have Ind the opportunity of looking Cap with White Cuver, is gratify IL round, the yards, know,
og to find that recognition of the staff's efforts is being made by bonus and I hope it will be as heartily received by them as shareholders will receive the distribution of
profits.
We have been told that the Company The capitalizing of the Reserve has made itself more efficient; that Fund will require a resolution, which is a welcome statement, due partly will be put before you later.
to the modernisation of the plant other The
re we can look back on the past year appropriations commended are considered essential with prides thanks to the work also by the
Board, feel and
sure will of the Directors and the loyal work meet with your approval.
of the Chief Manager and the co- Having regard to the present wide operation of his staff which has fluctuations in the cost of materials, brought about these splendid results. particularly of non-ferrous metals. It is not for me to say what the future it is only prudent to make provisions huis but, under the present organi- against a further decline in value, sation. I think we can safely say that to the exent of $150,000.
It is also necesanry that we create the black days are past and we can lookt forward to the future hope-
"The Repor! and Accounts were adopted.
a special reserve of $350,000 to meet fully. the cost of a new heavy engine shop un a site much nearer than The present shop to the large ships along- side and in the larger ducks.
COSTLY BUSINESS
Strength Constable R360 Harry Bong Sling has been taken on the
the Flying Squad as from strength March 20.
EMERGENCY UNIT RESERVE Motor Patrok A motor patrol will be carried out by members of the Emergency Unit Reserve on Wednes- day. March 30. All members will parade outside Queen's Pier at 5,30 p.271. Dress-Optional.
C. CHAMPKIN.
D. S. P. (R)
"HUNCH” LEAD TO ABSCONDING FOKI
CANTON SHOP-KEEPER "GETS HIS MAN"
TROOPSHIP ARRIVES
RADIO BROADCAST
"Musical Hall" and Other
London Relays TCHAIKOVSKY CONCERTO
Radio Programme Broadcast by Z.B.W. on Frequencies of 845 kc.c.'s, 0.52 in.c.'s. per second.
8.03-11.0 Chinese Programme, 6.0 Relay of Dance Orchestra from the Roof Garden of the Hongkong Hotel.
B) Little Old Lady; b) I've hitched my wagon to a star; e) I'm like a fish out of water; d) Shiver solla on Moonlit waters.
5,15 Interval of recorded Dance Music from Z.D.W.
5.20 ) When you hear music; b) Kiss me good night; e) The Donkey serenade; d) You're laughing at me. 5.35 Interval of recorded Dance Music from Z.B.W.
5.40 a) The Big Dipper; b) Love is never out of Season; e) Midnight and
usic: d) The Snake Charmer. musle;
5,55 Interval of recorded
Music from 2.B.W.
Dance
0.0) Moonlit Waltz; b) Pity me;
c) All the way from Ireland.
6.15 Interval of recorded
from Z.B.W.
Music
Dance
6.20 ) My little Grass Shack; b) Sing; e) Riverboat Shuffle.
6.30 For The Chlidren, Childhood Memories (Arr.Somers). London Palladium Orchestra conducted by Richard Green: Nur- sery. Night Ride-A bedtime fantasy (Crowley). D
Drum Martin and His Band from the Holborn Res taurant, London with vocal chorus; Christopher Robin Is Saying His Vespers-From "When We Prayers Were
and Young Ming Fraser-Simson)..... Turner Layton, 0.45 London Retay-Music-Half'. With Tho B.B.C. Varlety Orchestra, conducted by Charles Shadwell.
7.45 Closing local Stock Quota- tions.
H.M. Troopship Dilwara arrived in Hongkong this
from morning Southampton, with a large body of offlcers and men for the Hongkong and other Far Eastern garrisons.
TO HONGKONG
7.50 Concert Waltzes. Beauty Waltz
(Composer Un- known): Waltz of Russian Melodies Novelty Orchestra; His Dreamy Waltz (Composer Unknown).... Russlan
(Arr. Schwartz). Novelty Orchestra.
Russian
8.0 Local Time Signal, Weather
Mrs. 11. B. Holt, wife of Lieut. Report and Announcements.
Col. Holt.
Royal Artillery.-Major J. H. E. de Haebeck, M..E., Major G. E. Pris- mall, Capt. and Mrs. C. A. Fisher, Licut. A. 0. G. Mills, Lleut, J.
Mathews, Lieut. C. Rochfort Boyd, Mrs. W. 3. Smith, wife of Bdr. Smith,
8th. Heavy Bde. R. A.-One trum- peter.
gunner.
8.03 Chinese Programme.
0.0
པལ
Chinese Programme--Relay from Lee Theatre.
11.0 Close Down.
Radio Programme Broadcast by
ZEK on a Frequency of 640 Kilo cycles.
8.03 Schubert Composlilons.
Marche Militaire, ... San Fran- cisco Symphony Orchestra conducted Alfred Hertz; Aufenthalt; Der by 5th. Anti-Aircraft Bde., R. A-One Doppelganger. Alexander Kip- nis (Bass) Frunk Ribb at the Plano; And Violin In A Duo For Plano Hongkong & Singapore Bdc., R. A. Major, Op. 162. Sergei Rach- BQMS. and Mrs. H. G. Searle,
Royal Engineers.-Major E. H. L.maninoff (Plano) and Fritz Kreisler (Violin): Die Post; Wohin?: In Jacobs-Larkcom, Major H. de L
Abendroth: Die Vogel. Elizabeth Paret, Capt. E. C. Nottingham, Capt.
(Soprano) accomp. by and Mrs. D. M. J. Murray, Licut. R.
Karl
Alwin (Piano); Seiree Dc W. C. Smales, Leut R. E. Young Vienne No. 6..... Wilhelm Backhaus two Sappers.
(Piano Solo); Schubert Waltzes..... Royal Engineers (Est).-Wite of Orchestra conducted by Sgt. Shearman.
Not only is transport from the existing shop a costly and lengthy business, but the congestion in it is
Schumann On the motion of Mr. Croucher becoming serious. It was last ex- tended in 1920, but in view of its in-seconded by Mr. Ramsay, the Hon. convenient location, further enlarge Mr. Paterson was re-elected a Diree evening ment is undesirable and uneconomi- tor. cal.
our
1. Lirect before Mr. Q. A. A. Muc-
The Chairman announced that Mr. Felix A. Joseph had written to say that he was uncertain when he was A Canton shop-keeper's "hunch" returning to the Colony and the meet-whitch brought him down to. Hong- ing was got, therefore, concerned with kong in search of a foki who had $5,000 Chinese his re-election to the Board of Diree- absconded with
currency proved a good one when he turs.
saw the wanted man in a mah-jongo school in Temple Street on Sunday
Long, 23, was arrested and The Hon. Mr. Dodwell was confadyen it the Kowloon Magistracy During the year we trebled
firmed in his Directorship on the this morning. The sum of $1.792.60 stcel furnace capacity and have made motion of Mr. Sewell seconded by Mr. In Canton moricy and $007.75 in
Kopa-kan. our first large stern frame-the nut weight of the heavier portion bring
The re-election of Messrs. Lowe, Hongkong currency had been found
In his possession. 3.3 tons. I mention this to indicate Bingham & Matthews and Messrs.
Sub-Insp O'Donovan suid the that technical progress is keeping up Percy Smith, Seth & Fleming as money had been missed on March with the increasing calis made on us, auditors was approved un the motion 10, and the foki disappeared on Sun- and la being maintained in all depart of Mr. Poits seconded by Mr. Abra-day
The shop keeper. Tam Yu-fai, chine to Hongkung and saw his foki hat very evening in -maki-jon(1) schnal.
Chu was sentenced to three months ad labour, and in addition Was ordered to pay Tan $100 for the cost
ments.
Last year i was able to inform shareholders that we held, a sub- : licence from Harland and Wolff for
Lu
hian.
CAPITALIZING PROFITS
The meeting was followed by an the building of Diesel Engines of the extraordinary general meeting of the Burmeister and Wain type. We now Company at which the same persons
were present.
of the search or undergo a further ree months in cool. He was also recommended for banishment.
The money recovered was returned
Tam.
TO SHANGHAI"
of
Gochr.
Royal Corps of Signals.-Wife Sgt. G. Gibson,
2nd. Un. The Royal Scots.-Brevet Lieut.-Col. and Mrs. M. Carr, 2nd
B. A Lleuts. N. H. Cuthbertson, Fargus, D. G. Gibson, Cpl. and Mrs. J. Fergus, wife of Pie. D. Shields..
ist. En. The Middlesex Regiment.- Wife of Major L. A. Newnham, wife of C/Sgi. W. J. Tibble, and wife of Leo Sheffield-Arthur Ple. R. Breen.
9.0. London Relas-Empire. Ex-. change".
Points of view by travellers from the Dominions and Colonies,
9.15 Excerpts from Gilbert and Sullivan.
Iolanthe 'folunthe'-Selection; "Pirates Of Penziner-Selection.
.... The Band of H. M. Coldstream Guards cond. by Lieut. R. G. Evo "Trial By Jury": A Nice Dilemina. Hosking- Derek
alham-George
Baker-Wini- awson and Chorus: 1 fred Lawed
I Love Him. Lawson-Derek Oldham
York and Lancs. Regiment-Capt.
C. Tracey, and Mrs.
Wife of Sgt. Quinnell. R. E. L/Cpl. and Chorus: The Question, Gentle
meni
Oh, Joy Unbounded. Forbes, Seaforths; 1st Bn. Seaforth Highlanders.-Set. and Mrs. J. Cava- Shefiled-Arthur
nagh vates.
Leo
Hasking-Winifred
L/Sgl. J. Mackenzie; 35 pri-Lawson-Derek Oldham and Chorus.
9.30 London Relay--The News. 9.50 Songs
by Paul Robeson
(ass).
have orders for five engines. 4 very gratifying sequel to that statement. Our Giant crane has passed its tests
Mr. Cock read out the following with no difficulty of any kind, and is Resolution for the purpose of con- now connected up with the Kowloon-sidering which the meeting was call- Canton railway. The tests have beened: "That it is desirable to capitalize witnessed by Lloyds and other society the sum of $307,300.00 being part of Surveyors and our Civil Engineer adhe undivided proẞts of the Com visers, and certificates obtained from standing to the credit of the
INJURED IN FIGHT accordingly them.
pany's reserve fund for the purpose of effecting such capitalization in pursuance of article to his right eye as a result of a fight, 122 In my early remarks I made pass-1 (a) (b) of the Company's Articles Lee Yuk, 17, was inken to the Queen and Mrs. W. Russell, Lleut. (Q.M.) the Alm).
Association a bonus
bonus of $2.50
Mary Hospital yesterday. per share
shares on the issued think its magnitude and its results Company be and the same is hereby call for something more from me.
While it may be difficult for us not
RESULTS OF TYPHOON
ing reference to the typhoon, but
rid
are
of the
Said to have received the injury
Corps.
Royal Army Chaplains Depart- ment. Rev. S. Hinchcliffe.
Service Royal Army Major and Mrs. D. F. L. Campbell.
Royal Army Medical Corps.-Major
* It Take A Long Pull To Get There (Gershwin); Lullaby (Heyward and Gershwin); Song Of Freedom (From
10.0 Variety.
W. V. Dixon, wife of S/Sgt. W. Pal- wife of Sgt. R. Buchan: 1 terson, N.C.O
corporals und 7 privates. Any Ordnances Corps.-S/tem Royal are Comdr. and Mrs. V. Ebbage, wife of takes
Army Educational Corps.- wife of
Organ Solo-Jan Klepura Film Melodies..... Marcel Falott; Vocal Remember Me (From Mr. Dodd
the Air');
Here Comes The Sandman (From Mr. Dedd takes the Air').
Elsle Carlisle; Piano Solo 5010 In Domsel
Distress Selection: Patricia Rossborough; M.P. S.C.-Wife of 1/Cpl. A. Moor- | Medley, gle-Serenade In The
and Mrs. E. Whitton; one L/Cpl.
(Bixio-Cherubini-Kennedy); Corps of Military Police.-L/C. Night
Slippery Fingers (Smeck), estra Keulon Hawailan Players; Oscitestra Milongul-Tango (Delfino-Lining); Curlno
(Canoro-
declared and that the Board of Direc-sucht bonus by the distribution tors
hereby Lo and
Amongst the members who to recall the oki proverb that "It's authorised to satisfy such bonus by registered as holders of the issued SM. L. Wyatt. an i wind that blows nobody, any the distribution amongst the persons shares of the Company on the 28th good," these cataclysmie storms bring widespread distress and worre to far who are registered as holders of the March, 1938 of one bonus share of Sgt. R. Macklin too many of those who go to sia for present issued shares of the Company $10 each fully paid up in respect of their livelihood. The fortitude of on the 28th day of March 1938 of one
issued shares of
of their shares held. I don't think the officers and men who kept the sen Company credited as fully paid up again which is rather lengths, and to read the resolution during
thast terrible night of September I when the wind reached in respect of every four shares of the with your approval, will take it as the highest velocity, ever
held recorded Company by
the resolution is
passed, aforesaid
that
and
such
such persons as
new shares
rex each
craft.
Q.ALM.NS..-Matron (Miss) E. M.
Hawollan
The
here, is beyond praise. And so too pari passu with shares already shareholder will be allotted tuddock; Sisters Miss A. M. Price Gaucho-Tang has been the work of the men enged as from the 1st day of Jute few share of $10 each tully paid up return by the Dilwara and disembark | Francisco, Camaro with vocal refrain.
nged in the salvage of the victims at
1 next.
one and Miss L. R. Wilkins, who will
Demure-Paivn),
Byn)..... Orquesta Tipist in respect of every four issued shares at Egypt.
10.30 New Dance Records, the storm. In most cases there were 1838 with regard to dividend and that held and such new shares will runk
Royal Corps of Signals.-One Doner Orch. When risks to be taken and in one at least the Board of Directors
dividend from July
My Heart to share-for there was real danger to our staff, heiders holding a number of shares Fractional certifeater will be issued Private.
2nd, By. The Loyal Ragiment. Says Sing-Fox-Trot (From 'Let's
make We exercised the most painstaking which is not a multiple of four, an respect of the odd share or shares and/Lieut. A. W. McCreary,
of it'): night
it'); You've Gotta care for the safety of the men so
Take Your Pick And Swing (From fractional certificate in respect of the (if any) in the denomination of one
1st, B. The Durham Light InfanLet's make a night of expused, but I deeply regret that in odd share or shares held by them and fourth of a share each. An allo-try.-Lie-Col. W. A. Grey Wilson, spile of our efforts, six workmen allot one new share to every person ment of one new share will be made Capt. G. OC. Rogers. Capt. 3. H. Amazon Gues A-Wooing--One-Step Ronnie Muro And His Orchestra; lost their lives in the salvage of the who
produce (within shail
such on request in exchange for Calamba in peculiar circumstances period as the Board of Directors shall four fractional certiftentes. Fractional rand/Lieut. J. O. Collingwood; (Sid Phillips); Glamour Girl-Fox- which could not have been foreseen. determine)
une private, fractional certificates certificates wil
Trot right to carry no
(Strauss-Dale)... Jack Har- You will be interested to hear that making in the aggregate a total of participate
In my o
dividend
Royal Army Service Corps.-Wife of ris And Ifis Orchestra; Toot, Toot, and It we salved or rendered assistance to one share
anel
tructional is therefore advisable to thant
certificates or pur-
H. Cooper; one corporal.
(Sarony and Holmes); Follow The chase additional fictional certificates of Sgl. W. T. Roberts, wife of Cpl. New Mayfair Dance Orchestra cond.
Royal Army Medical Corps.-Wife Band 0/3 One-Step (Shrony). making in the aggregate a
total of one shore, to obtain the full benent. Gover: nae N.C.O., one privnic. by Rennie Munro vocal refrain by
There is nothing further for me
M.P.S.C..-Wile of Sgt. LJ.C. Mun Leslie Sorony: Me And My Girl- day, and wife of Sgt A. Hopkinson. Fox-Trot (From
the Alm); Lambeth Wife of L/Sgt. Stennett. that all
Trol (From
the
film). Munro and His Orches fra, with vocal refrain: On Linger Longer island-Fox-Trol (Kennedy- Carry); Please Remember-Fox-Trot (Denby and Watson)Jack Harris and His Orchestra with vocal refrain by Sam Browne.
11,0 Close Down,
a very large number of ships, the certientes shall carry no right in your fractional to either sell Sgt. F. E. Gazeley, wife of Cpl. C. Tootle On Your Flute-Fox-Trot
most important af which were the participate in dividends." "Conte Verde," Talamba," "Gertrude
"Feng Lee."
Macrsk." "Kausing,"1
MR. DODWELL EXPLAINS
TO TIENTSIN
ist. Br. Lancashire
Fusiliers.
"Eng Lee," "Produce," "Shenandoah," "Emmy" The Ilon. Mr. Dodwell unit: the to add except to say that the Board and "Indin." Most of these ships purpose of this meciing is to deal of Directors has decided sustained considerable damage and with the resolution set out in the fractional certificates aggregating o na cach of them was floated, she was notice sent to each shareholder call- total of one or more complete shore docked without delay and repaired ing this extraordinary general meet- expeditiously, thanks to our having ing. Under the Arlicles of Assol must be lodged with the Company Capt. N. O. 1fill,
June | on or before June 1, 1938, after that on hand sumelent steel for the pur- tion of the Company it is necessary date the right to request an allotment Royal Ariny Service Corps-One
before
any part of the undivided in respect of fractional shares will Private, profits can be capitalised to pass upsc.
A
Royal Army Medical Corps.-One resolution to that effect in
Heneral
Private
¿pose.
STAFF PRAISED
SWALLOWED POISON -
I now formally beg to propose the To all be extra work entalled by meeting. Your Directors recommend
*** resolution 13 read by the Chief This catastrophe, your staff, both that the sum of $807,300 being European and Chinese, responded in of the undivided profits of the Com Manager and will be glad if some
manner which deserves the ads pany landing to the credit of the one will second it.
↑ The "Hon.” Mr. Paterson seconded A polico report alates. Ihat "Chlu mirallon and the thinks of all con- Company's Reserve Fund Be capitalls-
ed and that a bonus of $2.50 per and the resolution was approved. Yim-ching, 18, yesterday swallowed Vinother, abnormal happening dur- share on the lasted shares be de- This concluded the business of the Jeyes Fiuld in mistake for soda 7.7 autono/Lound us ablo and, and clared and it is proposed to satisfy meeting,
water. Chlu was sent to hospital.
Walonnie
MOTOR CAR STOLEN
... MẸ, Monnifig of 59 Magazine Gap Road reported to the police yesterday that his motorcar was stolen · from: "outalde his realdonce:
NEW
SPORTS SHIRTS
Made of fine KNITTED cotton
not woven — which accounts, for their clastlelty and comfort.
Half sleeves, short front opening, attached collar a Tie is Just
a matter of laste.
Navy bluc, saxe blue, canary, maroon, green, belge and white.
$4.00 each
Less 10% cash discount
MACKINTOSH'S LTD.
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A
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