Heroism of China
INDO-CHINA STEAM NAVIGATION SHIPS HAD TRYING YEAR
Hon. Mr. J. J. Paterson
Looks into Future
Loyalty of the sea-going staff which often amounted to heroism, dangerous and adventurous days up and down the China Coast, the effect of war, and the prospects for the future of traders in the Far East, were among the highlights of the address delivered at the annual general meeting of the Indo-China Steam Navigation Company by the chairman, Hon. Mr. J. J. Paterson, to-day.
Mr. Paterson referred to the need for a bigger fleet and mentioned the difficulties of chartering vessels to retain valuable business. His outlook was not pessimistic, but he warned against the possibility of the world's shipping attempting to concentrate in Far East waters with the coming of peace. Past experience had taught that such action did not lead to fortune.
Mr. Paterson's address follows:
As the Report and Statement of Accounts have been in your hands for some days I will, with your permis- slon, take them as read.
Ab Yuen, Messroom boy of H.M.S.
collected Ladybird,
Uhe Chince volunteers who manned the Chen- yang, going in the tug himself.
Without these very galant actions the result must have been slurk Tragedy.
of
the
شود
THE HONGKONG TELEGRAPH
Coast Seafarers
admit that the immediate outlook is certainly not cheerful with China and Japan engaged in bitter struggle. Our deepest sympathies go out to all those who have suffered. But trade has remarkable recuperative powers here in the Far East and there wil be much to do when once again, It takes its normal and unhatupered course. So far 1938 has begun quite
U.S. WANTS
FRIENDLY
SOLUTION
well but I hope outside shipping may In Spite Of Strong
not be unduly attracted to these parts as happened after the Russo-Japanese and Great War. Their owners wit And s they did before that they chasc chimpera.
Note To Mexico
RADIO BROADCAST
Relay of Talk by Empire
Director of B.B.C.
CHILDREN'S HOUR
Mexico City, Mar, 20. *President Lazaro Cardenas cun- Turning to the Statement of Ac- counts, the items debited to revenue ferred with members of the Govern-
Radio Programme Broadcast by amount to £142,900.8.5d. and include ment to-day regarding the United the balance brought forward from States strong representations. He Z.B.W. on Frequencies of 845 k.c'a.; 1038 account £12,308.8.11d., general described. Ambassador Josephus 9.52-m.e's. per tecond. charges
£7,040.18.9. depreciation Daniels' protest as a diplomatic step.
it was a strong; However, apparently for 1935 and
£105,733.0.0. outing clam pensions £10,701.17.9d. protest, and it is noteworthy that before the expropriation, Mr. Daniels and interes: £6,184.3.0d. On the cre dit side of this account Uie higher old General Eduardo Hay, Mexican Foreign Minister, that he would con- earnings of the Company are recettesider it a "calamity" if they did not in the net balance of steamers work-
reach an agreement with the com- ing account which stands at £270,-
E.G3-11.0 Chinese Programine. *** 5.0 Relay of the Dance Orchestra from the Roof Garden of the Hong- kong Hotel.
(a) Remember Me?; (b) Bob white; (c) Here comes the Sandman; (d) You Can't Stop Me From Dream-
a17.15.4d., transfer fees £40.7.Bd. and Dantesredented action was taken ing.
exchange adjustment £1,700.10.4d.
PAYING THEIR WAY
5.15 Interval af recorded Dance Musle from Z.D.W.
due chiefly to a gain in exchange on by Mr. Daniels to-day when he remittances to meet Sterling lablill-issued a statement in writing which
5.20 (0) A Foggy Day; (b) Things ties, the rates obtained during the said: "I have just finished talking to year being more favourable than the Mr. Cordell full. I talked with
General Hay about the situation that are looking up; (c) Nice work if you closing rate on December 31.
prevails and the seriousness of it, can get it; (d) The Dipsy Doodic. and about Mr. Hull's deep feeling 5.35 Interval of recorded Dance that he wished the matter to be adjusted in a way consistent with Music fram Z.B.W. the friendship of the two countries, and the rights which attach to both sincere destre lo nations. There is find a solution which is perfectly just and in accord with the polleles at
ed to
to
REFUGEE KILLED IN HONGKONG
A refugee in the Colony, Siu Kec, 23, residing at 80 Main Street West,! Shaukiwan, was killed when he ran across the road into
p tramcar opposite his home yesterday..
5.45 (a) Am I in Love; (b) Be a good sport; (c) So Many Memories; (d) Wadlin' at the Waldorf.
0.0 Studio The Children's Hour. 7.0 A concert by Elizabeth Schu- nana (Soprano) and Mischa Levitzki (Fosshise (Beethoven); Sonata_In A Major (Scarlatt!)....Mischa vilki; Der Vogel Im Wald (Tauber,
Le-
Schu- Campanella (Paganini- mann; La Liszt Mischa Levitzki; Vogel Lied, Op. 41, No. 4 (Weingartner); Caprice Vicinols
(Kreisler).... Elizabeth Schumann: Hungarian Rhapsody No. 12 (Liszt)...Mischa Levitzki.
After allowing for all these there remains a credit of £129,560.4.11d. of which £120,000 has been transferred to general reserve and £9,568.4.11d. carried forward to the year 1938. It available for distribution to share the United States." is to be regretted there are no funds
The indications are that the United holders as the profits of the year have been utilized to liquidate the over-States will seek a friendly solution draft due to the General Managers to avoid the appearance of doing which on December 31, 1035 amount- anything which might seem counter
to Mexico's sovereignty, and which adapted by Kari Alwin); Was I' Hab £128,020.15.5d. and to repay to the Hongkong and Shanghat Bank- might antagonise nationalist senti- (Carl Bohm)....Elizabeth
ཝ་ ing Corporation part of the sum ad-ments-United Press. vanced by them during the year on account of new tonnage, £19,220.5.5d. in shown
as due to the Bank on Few of us out here to-day will for-
December 31; 1937 and while this has since been paid off, there remains get the year 1937, marked by the re-
to-day a liability of £125,000 as I've grettable outbreak of Aghting be-
To complete the review
already told you. In the eircums- Chlon in July, tween Japan and
tances your Directors considerca it to providing advisable. fighting which sull continues. Up to Company's activities; Borneo
in addition to
for 1937, depreciation that moment there had been a great porters continued to restrict the ship- Improvement in trade there ment of timber and with sales fur-normal
and
which in the seems little doubt that except for the ther limited by conditions in China write down further the value of the trouble mentioned the year would our vessels in this trate did only fleet by the amount have closed with prospects as bright moderately well. There was a fur-ordinary way would have been ap- ther improvement on the Calcutta plied to 1935 had the Company been In that Line though much had to be spent to able to meet depreciation With the outbreak of war the ine-bring these ships up to Simia
te-yeur.
the Directors have vitable dislocation of
Once again business quirements. I
again found
their fees of £1,500 per followed; later determination
+
to necessary to keep up our important waived
connections by chartering the Islami annum and this money will not be
in suspense. held in for six months.
Coming to the balance sheet, there CASUALTIES HEAVY
slight reduction of £6,000 in the services. I am afraid it Isn't possible
boolt value of steamships, hulks. to draw “រ dennite a line to-day for} Casualties were heavy during 1937, etc.
compared
1030, with some have been suspended and others; ou March 11 we lost lopsang near
write off being greater by that Point on 30 merged together that I can only Geranbi
the southern amount than the additions to the fleet Hive you a
a general survey of the
of the extremity of Formosa. I told you which include the instalments whole. For the Brst reven months of this last year. And of course nunced by
bank during there are the Tuckwo and Wubu cach line showed a satisfactory im-
en over the corresponding Hulk I've just referred to.
of the past few years and i the Chinese crew of Hopsang were belleve that had normal trading con- 4warded the Royal Humane Society's ditions continued we should have medal, the presentation being mude
the final been very satisfied results.
As they were in January.
trade found new outlets.
In the past the
Chairman
has
dealt separately with each of our
with
SHIPS CAME SOUTH
was
by His Excellency the Governor on February 21.
|
is
the
the
7.32 Closing local Stock Quota- tlong.
7.35 Variety.
(Max Humorous-Backscratcher (Miller); Impshe (Max Miller). Max Miller; Accordion Band-Six 16...Primo I now propose that the Report and Hits Of The Day No.
Bonbons- Statement of Accounts as presented Seala's Accordion Band, with vocal be adopted, that £120,000 be trans-chorus; Vocal-Vienna
erred to general reserve and the Waltz Song (Joh. Strauss--H. Boden- £9,500.4.11d be carried forward to stedt); Gipsy Love (Lohar-Willner the year 1930.
Bodanzky) Joseph Schmidt (Tenor); As roon as this has been seconded Orchestra The Goy Nineties" I shall be glad to answer to the best Waltz Medley..
New Mayfair Or- questions share-chestra with vocal retrain. of my ability any
3.0 Time, Weather and Announce- holders may wish to ask.
Hon. Mr. M. T. Johnson seconded the motion and Mr. W. E. Kirby Secretary of the China Coast Officers Marine Engineers" crua ana the Guild of China, said.
over
menis.
1.03 Chinese Programme-Studio Concert,
11.0 Close Down.
Radio Programme Broadcast by ZEK on a Frequency of 648 Kilo- cycles.
8.03 Concert Waltzes. Cast
Castanets (Willy Richartz): It
Orchestra Mascotte; Ever Or Happened In Vienna (Ferry Muhr). Never (Waldteufel)..... Orchestra Mascotte.
8.15 London Relay-A Talk by the Empire Programme Director.
8.30 London Relay-At The Black
Do
When war came to Shanghai, coas-/donting and Shore staffs for their g20.000 by the transfer tal trades suffered, but it was possi- care of the Company's property and by account. There is a small ble to employ the larger part of our the interest they have shown in reduction in underwriting account due as a result of the year's working is var-parlour. Presented by Pascoe
consters in the southern chartering welfare
Later
of passengers and which is to appreciated.
In
Yangtse in particular, This
of
com-
Company stands greatly in their debt. | tive preferred dividends for 12 years: the Chairman for his re-
Mr. Wilkes at home in his own Thornton and S. E. Reynolds.
tra.
Q.B.E...
3.50 The B.B.C. Symphony Orches-
MR. W. E. KIRBY SPEAKS the year Usi the three new chips. Sundry debtors in China and 1 am sure we have listened with London, agents balances, coal and
more than usual interest to the ad- stores all show slight increases due dress which the Chairman has given
the 10
greater turnover and the higher us, summarising as it does the cest of chal, elc., but all the amounts activities of the Company owing to the Company have been ac-period the second half of which will Once again the Directors and counted for
ong be remembered for its extreme General Managers have to thank the With
the regard to
liabilitles, dimeulty and hazardous possibilities reserve has been increased were the operation of coastal and
from river shipping was concerned.
The favourable showing attained the revenue cargo markets though later a boom arross
But our to sundry accidents not covered by indeed a very creditable reflection on
the joint efforts of shore and flanting 9.0 Military Band Selections. the Pent
Pearl River stopped them from gratitude goes further than this for insurance, while special repairs and
Alaffs and there is little doubt but Mirella-Overture (Gounod, Arr. remain practically un- these abnormal times the stuff has renewals going up to Cant
to Canton,
called
to face cir-
achievement has been O'Donnell)..... The B.B.C. Wireless upon of our smaller | been Meanwhile a few
changed. Sundry creditors in China that such
B. 105,- contributed to in no minor measure Military Band conducted by vessels kept touch with the most im cunstances not ordinarily associated and London now appear at £105,-
close co-operation which Walton O'Donnell; The Jolly Robbers const ports, though you will with their daily occupations and in 867.2.id. as compared with £210,- by the
The B.B.C. portant realize how difficult this was. These all instances their response under 852.14.6d. in 1036, the overdraft due characterises the working of those Overture (Suppe).....
Wireless Military Band conducted by exceptionally trying conditions, often to the ships did well.
the General Managers of £120,- departments.
am sure I interpret rightly what B. W. O'Donnell. Despite the extensive area covered dangerous, has been courageous and 828.15.5d. having been paid off. The
we are
9.15 London elay-World Affairs'. Item of £80.010.10.5d. shows a slight we all feel when I say
Brierly, A talk by J. L. by the war, at no time did our ships practical. fail to run somewhere on the coast
of International It is no exaggeration to say that decrease and has since been paid conscious of a particular and deep
while the sum of £19.220.5.80. up- obligation to those of the Company's Chichele Professor or Yangtae, and it was only for the without the whole hearted co-opertpearing in the name of the Honkong employees serving ashore and afloat Law in the University of London. fortnight immediately following the ton of His Majesty's Government and Shanghai Banking Corporation on the Yangtze and in North Chin. 9.30 London Relay The News. bombing of the International Scilie- and His Majesty's Navy, it would ment of Shanghal on August 14 that have been impossible to have operat-represents the balance of the loan The manner in which they have up- we had no ships in and out of thated our river and coastal
ices account outstanding at the close of held the Company's prestige during services. the year.
il period when the qualities of instOverture "Impresarlo" (Mozart); To avoid the obvious danger Again and again both came to our
and forbearance were severely tested port.
Overture "King Lear", Op. 4 (Ber- to send all the it was decided
Com-
acute under circumstances those delicate situations
PAY CUT RESTORED help in pany's vessels except two small river
suspense and at times intense pro- oz); "Prince Igor"-Polovts! March, (Rimsky Korsakov)..... Orchestra steamers in dock to a newly created which arise in times of stress and on
The contingent liability for cumula vocation, Is deserving of high
conducted by Sir Adrinn Boult. outside Woosung
mendation. safety zone
10.10 Songs by Richard Tagber calls at Shanghai were
were resumed, not
amounts to £170,520.6.0d.
(Tenor) the management however without
Melodie (Rubinstein and Bernhoff); and the floating staff having to over-
Day
The Gay come innumerable difficulties. Ships were berthed at the Bund, and still
(Clifford Grey-Jack Waller-
Tunbridge). 10.30 Rade da Costa at the Piano, YANGTSE BOOM
Sweet And Lovely (Arnhelm, the Yengtsze; Turning to
and Lemure); Many Happy August the Chinese authorities placed to carry on and I don't need to tell "On behalf of over 100 customers after's interests, I think it may not a boom of sunken ships across the you the disadvantages of this. holding preferred and deferred we incorrectly be defined as n human Dobson); "Sunshine Susle"-Medley. river near the Kiangyin Forts and we
In December the charters of the protest against depreciation clintge concern for the employees welfare....Rate da Costa with Harry Jacob- were left with river steamers either
hree Vikens, which the Company following 1934 write-down-Emor- and in the maintenance of that out-son (Piano Duct).
10.30 Dance Music. side of the obstruction. With
look the General Manager's will, or
Fox-Trot-Alone Again (Woods); great enterprise those at Shanghat has been operating for the past seven harco London.
This telegram suppose to be sent should, always be able to command - Fox managed to reorganize the pieces and years, expired, but as owners wanted, operate the two ends and the middle. more than we could pay, for longer by a firm of stack brokers represent-high standard of employee and the A Melody From the Sky (From "The
utmost respect and loyalty from Trail of the Lonesome Pine'). Later further barriers were imposed, periods than we could afford to risk, in a hundred of our shareholders.
When the ships were written down those who serve the Company. I Maurice Before they were, however, it was they were not renewed and we have
chartered other ships
refrain: Tango--My Los! short at the end of 1034 they were given venture to add that it is a principle/ice Winnick and His Orchestra
with vocal
(Coblan and possible to get some of our ships back
a definite economic life, it is neces- which night, with resultant advant- Love
and Kennebok
Quick to Shanghal where they have since periods.
manage step-On The Isle of been employed.
As I said at our last meeting orders ary, you will agree, whenever possi- ages, be smulated by the
ble to live up
to the schedule
(Pola and Chose). then
would avail T
Correct Dance Tempo Tuckwo and the hulk Madras II at of the Talang type and a
smali Lack of profits, and depletion
of occasion to assure the Chairman that Orchestra; Fox-Trots--Smoke Drooms upper river steamer. But for the general reserves which were almost his friendly advice and uselatance on Freed and Brown); There's That dificulty in obtaining
all three The ship was actually about|ld have been in commission by anything for the year 1935, we are haved found it necessary to refer to Head over Heels')..... Peter Yorke ree used up in 1934, prevented us doing matters of mutual interest which I Look In Your Eyes Again (From now, as it is the river steamer Liwo able to make this provision in 1937. him, have indeed been appreciated.
with vocal re- and Is Orchestra is about to be taken over while the Had this money not gone to deprecia- The Report was theh parsed frain; Rent Party Blues (Ellington); two counters should be ready in mid- tion for 1935 It must have been trans- unanimously.
Doing The Yoom Voom (Miley, construction of all ferred to general rèserve.
The retiring Director, Sir Robert Ellington) ....Duke Ellington And free was as you know franced by
Ho Tung, on the motion of Mr. F. C. Is Orchestra; Waltz-One Kiss In A with
Hall, seconded by Mr. M. H. Lo, was Million (de Rose and Lewis); Fox- re-elected,
Trot-Love, Please Stay (Hayhurst and Mayer)....Henry Jacques with His Correct Dance Tempo Orchestrn.
arc.
NO NEW TONNAGE
of the
that all
Nigh
In June the restoration of the 19 ference to the endeavours No new tonnage was contracted for durier, the leaner years was agreed tanks in the test will appreciate that Night And De Me Love You To-
cent. reduction in salaries dosting and
to and with during the year but as further sten- mers are badly needed to replace old rent rates of excl was drawn af cur-expression for the sincerity which exchange.
lis prompts
utterance. Happily, vessels and maintain important con- Before I leave the subject of ac- there has always existed between the
Company nections the problem is a very press counts I want to read to you a tele- General Managers of this
charter other people's ships received this morning: to
than a mere business regard for each
in
hnd
very
ing one. As you are aware we have gram the General Manegers have and their employees something morets Of The Day (Kennedy and
for
You have seen in the Press that the were placed in 1930 for two coasters fald down, and depreciate annuntiments of other all of this ques with His Cam Henry Jac-
Wuhu were destroyed by Japanese action. to tow the hulk higher up the
Yangiszc
A calm has been formulated, is in
the hands of His Majesty's Govern- ment and for the moment
this
summer,
The
was pay-
aspect of the disaster must be con- aldered sub judlee. I do, however, a
the Hongkong and PROVIDING FOR FUTURE want to put on record the vallant Shanghat Banking Corporation, I am efforts of the Master, the officers and glad that during the year it
Depreciation in really intended to the crew in trying to save the ship possible to make substantial provide for replacement of was ing at the greatest danger to themselves.ments towards the reduction of this is, in our caso shing, hulks etc. necount. Though at December 31 a We have to-day no liquid reservon to sum of approximately £150,000 acct those replacements and have to remained to be financed, to-day it in borrow from the bank.
£123,000. But even with these nddi-
The extent of this borrowing you
requirements and expansion is es- bravery sential
́GALLANT CREW -
The loss of life, eight, sailors, and teaboys, might have been far
On the motion of Mr. H. W. Dulley Mr. John Fleming and Mr. E. M. Dryden were re-elected auditors at a remuneration of $0,000.
M.
Those present at the meeting were: Hon. Mr. J. J. Paterson, Hon, Mr. T. Johnson, Mr. S. T. Willamson,
in un affair where all conducted tions the eet is atil below normint know and you now know too that Directors, Mr. P. Tod, Mr. R. Grieve
with
grent
·
themselves thanks and ndmiration are due 10 Captain J. W. Hurst, OBE., The ATTEMPTS FORECAST Admiralty Pilot who required a fug, the Chenyang, and took off those on I am going to make no attempt now Tuckwa.
to forecast the future. We must all
marc
ships are required.
Mr. . L. Railton, Mr. J. McCaig. Without further evidence I cannot Mr. A. C. Wilcox, Mr. Chan Wink, suppose that this telegrum implies a Mr. M. H. Lo, Mr. Chul Sul-nom, request for a dividend, however the Mr. A. M. da Silva, Mr. H. W. Company has dividends and would),. In fact, have to Fleming, Mr. F. C. Hall, Mr. W. E no money to pay. Dulley, Mr. R. A. Wadeson, Mr. J. F. borrow to do so,
Kirby and Mr. D. F. Landale.
11.0 Cloze Down.
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FERRAGE OF AGY Landb
士披来()威士忌
STOCK TAKING
The CHINA
That's
Asked
for
Again
Solc Agents:
THE CENTRAL
TRADING CO.
Bank of Canton
Bullding.
NOTICE TO CUSTOMERS
EMPORIUM.
LTD.
is closed to-day (March 31st) for Stock Taking,
but will resume businoss to-morrow (April
Tat). Tho Cafo de Luxe Restaurant will be
open from 12 noon as usual.
Kowloon-Canton Railway Hickets aro
obtainable from 9 a.m. - 8 p.m, at sido entranço
of the Emporium. building.
Emporiu
Chine?
ROAD CENTE