Thursday,
HONGKONG TELEGRAPH
March 20, 1941.
Library Supreme Court
ELECTRIC CHAIRMAN
EXPLAINS
HIGHER RATES & CAPITALISATION
The increased cost of coal was mentioned as the chief factor in the increase of rates when the 52nd ordinary yearly meeting of the Hongkong Electric Co. was held in the P. & 0. Building this morning.
the reinander
cames
Capitalise 30 Lakhs
Women Police To Tackle Social Evil
FROM PAGE ONE
increase of $141,071 or 26%.
RAID ON LONDON
Attack And Defence Of Lively Tempo LONDON, Mar, 19 (Reuter). —An earller alert than for some
time was sounded in the London
area to-night and almost im- mediately afterwards gunfire was heard.
from $885,218 as against $543,545 being an London was to be the German" BRACKEN"
one
10
a
Minor Offences
The
usually operated over the capital SHIRT at one time.
After a lively start, the attack
Guntire wo
obscrver extremely heavy and one
considered it the most intensive this year.
Mr L. J. Davies, (Chairman of Directors) presided, and was supported by the. Hon. Sir Shouson Chow, Hon. Mr T. E. Pearce, Hon. Mr S, 11. Dodwell, Mr T. N. Chau, Hon. Mr J. J. Paterson, (Directors), Mr V. Sorby, (Manager), Mr G. G. N. Tinson (Solicitor) and Mr F. L.
It was early evident that Ball (representing Messrs. Gibb, Livingston & Co., Ltd, Agents).
at $812.48, though; and Shareholders were represented! Bad Debts
main objective for the night's average for die last five years la by Messra J. A. Tarrant, A. Me-higher than in 1039 mainly due to liongay-a 600 mile haul.
timpald accounts by enemy ullens, In
$527,930. The value of property re- raids. As the planes flew over Kellar, A. Morris, Capt. F. Lvery railsfactory when the size of our Brown, Messra B. Wong Tape, turnover is remembered.
In order to bring the issued Capital Covered during the year was $128,051 the capital together, the drone of
nr 18% of the property stolen na engines was very loud, indient- a new the Credit side Interest shows
more into line with the actual value against $110,400 or 21% of the pro-ing either low-flying or a larger Leung Fat-tin, Wong Chi Po. Fung Kong Un, Wong Ping Sun, an appreciable increase.
number of aircraft than are The item Sale of Properly refers your Company, your Directors Gibson Fahnestock, Ko Koto No. 8 Queen's Rond Central which have decided, in the first place and perty stolen in 1938,
capitalise The number of minor offences dealt Fan, Chun Seng Choo, Lo Yuk was purchased in 1937 an a site for subject to your approval, Tong and A. D. Humphreys sub-station, but when a buyer the 30 lakhs which will be in Reserve
17 us going to submit to them in a 40,555 in 1936, a decrease of 27% 3 irackanly grew sharper. (acting for Mrs E, M. Gaskell)ffered a more suitable site in Dud-if shareholders agree to the proposals with was 30,040 as compared with
dell Street at a lower cost we de
This decrease is almost entirely due
modification the
in polley of The Chairman said.The net profit eded to purchase some and to dis- few minutes.
Ax second step we propose to after providing for Depreciation pose of the Queen's Road site which
offer to them 300,000 new shares at dealing with hawking offences. These offence ha e In fact increared to $2,200,180.01, a fall of nearly $400,000 resulted in a profit.
of $10 each in the proportion compared with the year 1939; with
Capital Expenditure
sufflelent police to deal with thein, $294,480.39 brought forward from
Turning to the Balance Sheet,are for every three shares held on such an extent that there are not
April 1 of this year. 10317
we have $2,884,887.30 for ap-
year We propose that the money realis-nor is there sufficient gaol accommo- propriation. On September 9 we paid Capital Expenditure during the an interim dividend of $1 per share? amounted to $46,020.59; the princed by this call-say $3,000,000-be | dation to receive all the offenders. on the old shares which absorbed items covered by this expendi remitied to London and invested in Gaal accommodation is insuffleten! ture are five new feeder cables which British Government Funds-by do even for more serious offenders, and $800,000 and with the balance we were jak out of North Point Power in this we will do a little towards special releases have to be made from sering tion, one new Generating Station providing the ready money which is time to time, so that offenders fre
Sub- Feeder Switch, Morrison Hill tation and its equipment and a Mer- much needed by II. M. Govern- quently do not serve their full sen-
derment in the fight to ensure our safety. tences.
Summary of crimp: The total ury Vapour Rectifier which had be-At the same time this will provide come necessary to enable us to cope fund to draw upon on the termina-number of cases, (except summonses) with the increasing requirements of tion of hostilities when we come to dealt with by the Police during 1930 was 47,844 as against 00.943 in 1938, our friends the Hongkong Tramways purchase extensions and Liruiter.
ments of plant which an und derrense of 13,090 or 21% The output from the Generating such as ours must always be prepared | There were 11,804 serious crimes Station during 1940 was 78,385,102 to meet.
in 1930 as against 11,388 in units an increase of over six mil- At the conclusion of this meeting being an increase of 410 or 3.6%.
Extraordinary will be i lian units, or more than 8%, com- [there
Serious Crimes General Meeting at which I will put!
Total serious crime in 1934 was Pred with 1939,
Meters connected show a further the resolution which is necessary to|5,569 and in that year the total C.ID. increase of 1,087 to 50,843,
implement the first of these propos (erime) Cantonese staff was 137. In and I invite shareholders to remain 1830 the total serious crime was seated until this has been done.
11:804 an increase of 112 per cent. and total CLD (crime) Cantonese star was 172 and increase of 25
In 1934 the total European per cent.
proposet
To pay a final dividend
at $1.20 on the old shares absorbingt
..
$720,000
To pay a dividend of $1.10 on the new shares absorbing
• 4
$330,000 To place to Reserve $600,000 Send to the South
China Morning Post Bamber Fund second Donation of To carry forward to
next account
$ 50,000 $564,667,30
$2,204,067.30 This, I hope, will meet with your approval.
Less In Dividends
Orders From Britain
of
50
Pilot Officer Peers
Mendicants
1938,
Flashes it the sky in increasing numbers. Houses in more than one Brea were hit by high explosive bombs and rescue squads rushed to release people trapped beneath wrocknge.
the
Raid On Hull Hull, Mar. 19 (UP).—A German bamb wrecked a shelter in which the sole survivor was a year old baby. Throughout the town, at least 30 per- sens were killed atid many injured and made boneless. Considerable
damage was done over a wide aren, cinemas being houses, shops, two demolished.
Another northeast const town was bambed inst night for several hours storting at dusk anet beavy casualties are feared. Two large fires were started.
Raids Ease Off LONDON, Mar. 20 (UP).--The raids cased during the early morning hours with rescuers making efforts to dig out people trapped in the wreck age of houses in several London
which was hit with high explosives, areas, and also an apartment house In one area hombs dropped about every 20 minutes.
Several were killed and others in- Jured in a London hostelry which was partially wrecked.
A cottage was destroyed when a bomb fell in the garden.
Cautioned For Assault
An Irishman's celebration
of St
It may interest you to know that You will note that the amount we since the outbreak of the war ouri
I take this opportunity to place on propose to pay out in dividends orders to Britain fer materials and $300,000 less than Just year but you machinery have continued to be filled record the Directors appreciation of C.LD. (crime) staff was 40 as against will observe that this is roughly the with regularity and elfelency and the services rendered by the Staf42 in 1939, and increase of five per anunt we have had to find for War so far we have suffered only three and Workomen during the year in cent.
this connection song of you may be Taxation. I feel sure you will ap-losses due to enemy action; com-
During the year a total of 1,728 prove the additional contribution to red, with the losses sustained dur-aware that one of our engineers, Mr
ing the war of 1914-1918 we are so W. E. Peets, who joined the R.A.F
mendicants were dealt with by the the Bomber Fund. considerable but in view of the only one of the many debts we owe was called up for Active Service at from the Colony. Of this number The carry forward fa, still very for exceedingly fortunate: this is R. when he was on leave in 1838, Deportatks Oilke and sent away were charged and convicted certain times through which we are to the Royal Navy and the Mercantile the beginning of the war, since then 385
he has been promoted to the rank of before the courts, The corresponding passing I am convinced that a cau- Marine.
I my come to the proposed new Pilo
Pilot Officer and has made several figures for 1938 are 2,520 and 715 tlouts policy is more desirable than
The decrease in the ever before and I am confident share-issues of capital, details of which bombing flights over Germany and respectively.
have appeared in the newspapers, Italy; I very much regret to say that number is partly due to the Japanese holders will agree with this view,
As you all know the present satis- bis machine was seriously damaged occupation of the frontier The falling off in Profit on Work-
this over Germany on the night of Jagonsequent difficulty of sending men- Pier and the ing is almost entirely due to the in-factory financial position creased cost of freteht on coal and Company is largely due to the care-ary 15/16 last and he is now posted dicants away. The Deportation Ollee Patrick's Day on March 17, had a
ful and farsighted policy of nur
nur pre- asinissing."
dealt with 8,625
625 prisoners discharged to War Taxation, which are partially full art
decessors but it is advisable to keep I now propose that the Report and in the
Colony as against 8,000 in 1938: uel at the Central Magistracy this morning when J. Thompson, 41, whe offset by increased sales of curreal.
the issuest Capital within a reasonable Statement of Accounts for the year 195 ratio of the Intrinsic valu of the ended December 31, 1940, be adopter125 persons were placed under police charged before Mr G. T. Lowry supervision orders as against 201 in with assautling Mak Ilon, watchman Cost Of Coal
undertaking.
share market and when this has been seconded 1938: 3,629
persons were deported employed by the "China Mail" at Coni enst us approximately $7.60
values this Ch
at the present shall be pleased to answer to the best from the Colony after serving a tern Windsor House.
Thompson admitted per to more than in 1939 and $13.10
at
ximately 98 million of my ability any questions relatinit of hoprisonment as against 2,535 per ton more than in 1936.
charge. may 1938, 417 persons were sent away by Detective Sergeant W. Suminers anticipated that during 1941 the dollars. Far be it from me to query to the accounts for 1040 you
૩.
the sagacity of the share market in wish to ask, average cost of coul compared with this valuation, but let us be a little
said that Defendant had been cele- 1938: 55 persons were sent away brating St Patrick's Day and was 1040 will show a further increase of about $16
$10 per ton
ton. In view of these more conservative and for present
re-under the Emergency Regulations as passing Windsor House, un Monday inste increases in the cost of coal purposes asses the value of our
minst 150 in 1938: 1.730 persons night when he entered and tried to indertaking at say $30.000,00g feel sure that our consumers will!
sent on to their homes in China upstairs. The walchman at- consider the recently unounced in-
transit from other parts of the tempted to prevent him, and Defen-
dant pushest him. The map creased charges are reasonable; this!
down the stairs and sustained the first time in the history The Asstunting our proposed allocation
world as against 1,184 in 1938.
During the year 2,758 unknownjuries for which he was detained in Company that it has been necessary of profits meets with your approval,
In view of the increased operating dead bodies were found by police as hospital. to increase prices; since the Company or total distribution in the form of was inaugurated 52 rulers, have $1,650,000 or 5.577 of
the dividend, for the year 1810 will be costs I am sure shareholders will ap- against 2,991 in 1930, and 1.353 in
i very con- prove of the proposed final dividend; 1937. steadily falled from a p
$600,000.
It is time
of the
The
Total Distribution
Mr. A. Morris Seconding the adoption of the port and accounts, Mr A. Morris said: Mr Chairana, it has been a dimelt year and i think the satisfactory results shown reflect great credit on all concerned.
mtes charged to consumetalking-votuatief-under-am the allocation to Reserve off
15e., per unit for Light and from 20e. per unit to Se. per unit for Power;
tion.
Donations show a considerable - so paint out
I personally am very pleased to see a second donation of $50,000 be made to the Bomber Fundi and 1 trust shareholders will unanimously prove this proposal. I
order of the courts as against 034 in
As a precaution against rabies the muzzing order a enforced 3,544 dogs throughout the year. were licensed as against 3,226 in 1938.
fell in-
Complainant had since left-hospital but was not yet fit to resumed work.
Defendant Was cautioned mitered to par-set-compensation-ta- the watchman.
in
as
and
These new collar-attached shirts have become most popular. Worn with a tie they present an appear- ance of the utmost respectability
or for Sports wear with collar open they provide the utmost comfort.
Made of an entirely new cloth called "Bracken"-a mixture of linen and wool-in heather mix- tures and neat check designs, with ties to tone.
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The same distribution on the com- it is all
Is all the more regrettable that this bined present and proposed new it is rentimmended by the Board that
Indian Watchman On ́increase should come at a time when atal would be 11.
During the year 194 casen were In many cases of franchises grant
ap- heard at criminal sessions as against Charge Of Murder the costs of living are rising, but your Directors felt that they had no altered in the United States 8 for "fair
tol 167 in 1938 and 150 in 1937 venture
The
Bawa Sibel, 65, described native; I can only express the hope value" has been laid down as a rea- that the time will soon come when ble return on the shareholders' express the hope that this lead will number of missing children reported private, watchman, was remanded for week by Mr D. J. N. Anderson at your Directors will be able to revise investiaen, and in the case of a cube followed by other public Com- to police was 210 as against 299 in
1931, or this number 185 In this panies here for the duration of the
were Kowloon Magistracy to-day on the rates in a more agreeable direc-temporary utility company
charge of having murdered a woman Government has creugnised War, Colony
1 notice it is a common prlie- found.
March 3. Influx of Refugees
Kowloon on ative the right of its shareholders to
amongst some Shoghal public. Donations And Taxation
Defersdant The continued influx of refugees
Was originally dividend exceeding the percentage Companies to make similar contribu-
of wounding or causing Tireviously.
during 1939 following; on the earlier charge that the During present conditions it is wise!
immigration experienced in 1937 and grievous bodily harm to the woman, crease this is accounted for by the
are ex-
forward
Li Fong with intent to murder her. substantial 1938 hos 71
produced
serious most contribution to the Bomber Fund charges to our consumers
tremely reasonable and to any who mount to current year's accounts.
effects on the social and economic but this was subsequently amended I feel confident that shareholders life of the
to a murder charge. Throughout the Caluay. Pre-ttempt to query this I would refer
them to similar undertakings which will approve of the
Detective Inspector A. E. Carey is Board's pro- report it has been found necessary have an output approximately the pusal to capitalise the amount stand-repeatedly to refer to "the influx of in charge of the case. highest in the annals of the Company same as ours in India, the Far East, ing to Credit of Reserve Account and refugees. Some of the more ch- but it is computed on a state which and elsewhere. Those who take the the issue of a further 300,000 shares vious effects are an increase of serious is recognised as fair and proper in trouble to du this will find that ir at par. the interests of both shareholders and rates compare more than favourably sound finance, and I feel confident and it must not be forgotten that a that no wise shareholder will desire portion of our coal has to be carried from Calcutta--a 3,000 inlle haul- to query it,
which was made last June.
War Taxation and Air Raid cautions cost us $265,168.11.
Depreciation
at $308,072 is
the
The
A. D. C.
presents
SARAH SIMPLE
a comedy by
A.A. MILNE
at the
CHINA FLEET CLUB THEATRE
March 19, 20, 21 and 22
at 9.15 p.m.
Booking at The Anderson Music Co.
tion,
10
carry
Investing Proceeds
Con
land
crime, especially robbery and in Colonial waters), larceny, and of niner offences such as unlicensed With regard to the Board's inten-hawking. Social evils such as pro- tion of investing proceeds from the stitution, gambling and illicit plum latter issue in British Government and heroin divans have also been securities, I am sure this will appeal accentuated. to shareholders. I know from hard The outbreak of war between experience how difficult it is for Great Britain and Germany on Sep private concerns to obtain from home tember 3 resulted in a
great increase renewals and replacements of plant of the duties and responsibilities of and machinery during wartime, as of the Police Force, particularly of the course. Government contracts must Special Brunch. Police were called have priority. It is therefore a wise upon when war was declared to carry and far-sighted policy to invest such out the internment of certain innle funds in readily realisable securities enemy allens, and for a few days and to be in a position to purchase only, to guard the premises of enemy up to date plant and so make up the firms. Since then the work of the time log that is inseparable from war Special Branch, particularly conditions.
Passports, Aliens Registration, and Sections, has increased
In
I share your regret at the necessity Defence
Uhe
for increasing charges to consumers greatly, while a number of regular bul I am afraid this was inevitable. duty Pollge have been used in guard-
view of the Increased coal costs ing certain essential services. you have detalled I thinis consumers are fortunate the increases in charges are not greater.
Gamblers In Court Fines aggregating
$1,000 over were imposed on 63 men on gaming charges before Mr G. T. Lowry at Central Magistracy this morning us the result of a raid fed by Del. Sub- inspector Goodwin at No. 12 Main Street, Stanley, yesterday, and $11.20 cents found on the tables was given to the poor box,
A number of new guilds and labour associations were formed during the year, and together with older gullds, were active in collecting subscriptions for Chinese war relief and Chinese national welfare, Three small strikes occurred during the year.
During the year there were 42 persons of various nationalities, other than Chinese, put before the court for the following offences:-Breach of Passports Ordinance (including 2 cases of possession of false passports) 33; stowaways 7; vagrant 1; returning from banishment 1. Full passport examination service was instituted on
There
With these few commenta Sir, I importance. The position for 1040 is Apr were 6,280 aliens regtstered,
have much pleasure in seconding the adoption of the report and accounts as presented.
This resolution was carried.
Re-Elections
In view of the abnormal conditions prevailing in the Colony, the strength of the Force becomes of paramount int that there is a deficiency below the
amber required to man all beats 4,223 registered allens left the Colony. and posts of approximately 30 men, 51 altens became British subjects by and this deficiency is now magnified naturalization: 10 persons (Portugu by the necessity of providing men ese subjects) renounced British for special duties
due to the war and nationality and were registered us Sine-Japanese hostilities. It will aliens. There were 31 convictions Mr L. J. Davies, Mr T. N. Chuu and therefore be necessary to ask that for breach of the Registration of the Hon. Sir Shouson Chow were re- the Pollee Force should be further Persons Ordinance No. 12 of 1930. rected Directors, on the motion of strengthened in 1941.
On December 31 there were 4,340 Capt. Brown secondled by Mr A. The salient features of 1930 were: registered allens in the Colony.
(a) population increased by 111 per McKellar.
On the declaration of war there Messrs Linstead and Davis were cent. (c) serious crime increased by were 202 enem
enemy alicus in the Colony, re-elected auditors for the ensuing 123 per cent. The number of police including 117 of military age.
10,000 inhabitants decreased this number 00 vear at a remuneration of $3.000 on per
were provisionally the motion of Mr Leung Fat-tin, from 23 in 1931 to 12 in 1939.
Interned, and 101 served with restric- seronded by Mr B Wong Tape.
Special Branch
tion orders under the Defence Regu- lations, 1939. Following considera- ton of Individual cases the position an December 31 was 23 interned and 167 subjected to restrictions,
At the extraordinary meeting The year wnz noi mariced by any which followed immediately after, serious anti-British activity on the The proposals outlined by the Chair-part of communists. Anti-Japanese man above were approved.
feeling remained strong but latent.
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