Rope Co. To Rehabilitate 26 Flats
BIG RESERVE FOR
WAR LOSSES
A profit of $1,137,071 over book value made by the sale of factory buildings and land in Kowloon owned by the Hongkong Repo Manufacturing Co., Ltd., was re- ported by the Chairman. Dir L. Kadoorie, at the 59th Ordinary Yearly Meeting of the Company held in their offices, Chung. Tin Building this morning. He added that one million dollars of this had been left on mortgage, la accordance with the terms of sate, at a satisfactory rate of interest. That it was the intention of the 26 Directors to rehabilitate the totally louted flats of the Company during the current year was also reported.
Before passing the report and accounts, one of the shareholders. Mr A. Hilally, suggested that it was rather drastic to take the war lossCS from this year's profits, and asked whether it could not be spread over A period. He was assured by the Chairman that, in view of the romewhat problematic chuner getting any money back from war losses, the Directors considered this a wise coltree to follow.
CHAIRMAN'S SPEECH
of
nt
The Chairman said: You will see from the Accourts now before you that the result of the year's trading shows Net Profit of $265,742 and in addition to this there is a profit of $1,137,071 on the sole of your Factory Buildings and Land Kowloon. Then profits when add- ed to the unappropriated surplus of $304,304 brought forward from last account give a balance of $1,728,317 at credit of Profit and Loss Appro- priation Account, which your free- fors recommend be dealt with us follows;
Transfer to Reserve for War Losses, SUD4.800; Transfer to General Reserve, $150,000; Transfer to Chinese Staff Superannution Fund,
THE HONGKONG TELEGRAPH,
PAULA BY DENNIS WHEATLEY
PADLA.
I WANT TO SEE RITA'S STAND-IN ACTUALLY GO THROUGH THE MOVEMENTS
- PUT HER WISE,
WILL YOU?
OH, CHERRY, THE DIRECTOR WANTS YOU TO TAKE THE SIYLET AND BITE IT, THEN FALL AS IF YOU
HAD BEEN FOISONED.
L.B. WOOD MURDER
CASE CONTINUES
Cautioned Statement Read
To The Court
Was
Hearing of evidence in the Wood Murder case continued before Mr Blair-Kerr at Kowloon this morning, The defendants, Lan Hol (alins Lau. Yun-hoi; 20), unem. ployed, Ho Cheuk-kui, 26, unemployed and Li Chung-chun (alins Li Chi-sang, 32), gardener of 377, The Peak, are nc- cused of the murder of Lyiton Bevis Wood at Kowloon Pass on February 11. Li is also charged with robbing George Ranuld Ross who was out hiking with Wood on that day.
The prosecution is being conducted by Del.-Insp. T. Matches.
Sub-Inspector Matches resumed his stand in the witness box and produced the various articles which had been picked up by the Police from the scene of crime.
three
questioned
at 377 the Penk, the third defendant replied that he did not do it but urged the police to make further enquiries,
When the other suspects' nomes were mentioned, the third, defen- dant said he did not know them. The questioning lasted from 8 p.m. larger to shortly before midnight, and during this time he made no state- Sub-ment to the police.
The exhibits Inclnted stones.
nes, two of which were then a ast, stained with blood, $9,002; Transfer to Provision for On March ** continued Taxation, $20,000; Pay a Bonus 10 | Inspector Matches, before the third Staff and Workers, $20,100.02; Pay a Dividend of $1 per share free of tax, $200,000; Pay à Bonus of $1 per share, not liable to tax, $200,000, Corry forward to 1948, 133,075 93.
These recommendations have been incorporated in the accounts and i trust will meet with your approval. I wish to point out that the dividend recommended will be paid out of the taxable profits of the Company and, the bonus from profits which are not liable to Corporation Profils Tax.
The proposed bonus to Staff and Workers is op a basia comparable to that of former years and I trust will have your approval as they have Riven very good service in difeult times.
War
You will observe in the Praft and Loss Account an ex-gratia payment made to the Staff of $50,075.50, which is in line with what has been najd ns Compensation for Lores by other Companies and which your Directors considered ap- propriate and fitting. 1 feel sure you will approve the donation of $5,000 to the War Memorial Fund,
At
mitr last Annual Meeting. Messrs Percy Smith & Co. and Messrs Pant, Marwick, Mitchell & Co. were appointed Auditors at it fee of $1,000 each, tatt, following representatlons made by them, your Directors agreed to an increase in their fees to 51,250 each subject to your confirmation which I trust you will not withhold.
defendant wns, formally charged with the crime, he took a enutioned |statement from him.
MAN'S STATEMENT The statement read:-The best thing, as you said there were two Europeans in the case, you can ask
When the detective finished his evidence, and when the defendants were asked by Mr Blair-Kerr whe- ther they wished to cross-examine the witness, the three defendants reiterated their dental of the charge. First and second defendants alleged that they had been beaten by the me identifled. On Police
during the course of en- that day, February 11, I was with my friend the whole day. He can be responsible for me. My elder brother was alse with me on that
them to have
quiry.
First defendant alleged that he was assaulted by Det-Sergt. Tur
was assaulted until
R
THURSDAY, APRIL 8, 1948.
When the big 'light',crashed on to the studio. floor, the star, Rita Vane, fainted
I FEEL SORRY FOR THESE STAND-INS - ALL WORK
AND NO GLAMOUR
gene
ROAD SENSE
***MY, (YOU TRY OHE, MY'DEAR, DON'T THEY THEYRE FILTHY-
[LOOK GOOD!!" HO SUGAR.
(6)
Never stop near a crossing or refuge. This kind of thing le frequently done in spite of the obvious inconvenience to other traffic.
HOW THE UN WAS BORN
London. Apr. 8.-In Decem- ber, 1941, President Franklin Roosevelt and Mr Winston Churchill spent hours discussing a name for the "Grand Alliance" of nations against Germany. The next morning, as he was dressing, the President shouted: "I've got it" and rushed to Churchill's room.
"Where are you, Winston?,” he ented. "In my bath."
"I've got to speak to you." "All right, open up."
Mr Roosevelt wheeled himself up to the door and swung it open. The Prime Minister's rotund forso rose from a weller of scopsuds,
"Winston," Mr Roosevelt shouted, "How about The United Nations"?"
Mr Churchill beamed through a mass of lather "That ought to be
BRICKABILA LALONGATE CARE Streit," he exclalmed.
Thieves Take
Bricks From
i
Pill Box
This story of the birth of "The United Nations' was told by the American author, Mr Aldes. Hatch, in a biography of the late President Roosevelt published here today.— Router.
FACES FIVE
NEW CHARGES
The wholesale theft of bricks ap- proximately valued at $1,600 from a pill-box at Tsun Wan district was disclosed before Mr. Latimer at A charge of Impersonating a Re- Kowloon this morning. when three venue Officer at Shaukivan on April unemployed Chinese were given pri-1 was withdrawn against Yip Hon- son terms for simple larceny.
Jeung, 32, shop foki, by the pro- Recution and Ave fresh charges pre- head of the gang was sentenced to
Fu Man-wah, 35, alleged to beferred in its pinco at Central this six months' hard Inbour, while Li
morning,
Wing, 36 and E Bun, 30, were cach given three months",
were
The new charges consisted of two counts of impersonating a Revenue Offleer, two of demanding moncy with menaces and one of larceny.
¦ day. So my friend and my brother Chung who forced him to make the
can be responsible for me. That is statement. He all on the second day of the new he was unconscious. year (Chinese). I was only walk- ing together with any friend and
The second defendant told the my elder brother. I
fup. Roberts of Tsun Wan Police out Court that he was struck was
wlih walking with thein until dark on cheon and was forced to admit Siation said that deferlants
It was alleged that on or about that day before I returned to the
arrested when they started a fight March 17, while on a Mong Kok | Peak. By 5.30 p.m. Trum I returned
together with some other persons at sonated. a
bound ferry, defendant Imper- Revenue Officer. Оп to the Pink.
the site near pill-box No. 417 on the March 20, at Shaukiwan, defendant morning of April 6. Police en- quries revealed that the first do-
was alleged to have demanded $40 from Chan Kwong, and also to have fendant and his brother, who is not staten $7 from Chan Kwong. On. in police custody were heat of April 1, at the Fu Kwal Lau Tea- gang operating in the wholesale theft of bricks in the district.
Li Chung-chun udded to his state- ment-On that day my elder bro- ther rang me up and asked me to Lake breakfast with him. I did so and when breakfast was finished, went for a walk with him and my friend Mo Yung-hing. We took tea ot Jordan Road and then we crossed the harbour to Wanchal where we walked about until 5.30 p.m. then returned to the Pealt. 1 and coolted
watered the flowers
my meal. I saw my mistress play- ing ball when I returned. That is all
ACCUSED QUESTIONED Detective Kwok Heung-chuen told the Court of the questioning of the first and third necused in conneo-
the charge.
The case is proceeding.
3 Years For ·
Divan Keeper
bard
Lau Fouk, 23, unemployed, was sentenced to a total of three years' labour by Mr Latimer ut Kow- Joon this morning, for keeping a here heroin divan; possession of 105 heroin pills, possession of a heroin pipe, and mu opium pipe at the first Hoor-of--No.-51-Reclamation Street on March 31.
were
The premises were raided by Sub- Inspector Baker and five persons arrested for smoking on the flat. The smokers had been dealt with at the last hearing and defen- dant
remanded was
until
MA TAU KOK SALE During the yenr under re-tion with the crime. view your Directors received a Kwok said that he was with De- favourable offer for your property at tective Sergeant Tain Chung when Mu Tau Kok, Kowloon, which was the first defendant was questioned cold,
have stated, at a profit at 4.30 p.m. on February 23, Tammorning for sentence. of $1,137,971 over book value and, Chung did the questioning and he as you will see from the Accounts, noted down the defendant's replies. one million dollars have been left on Later the statement was read over mortgage, In accordance with the to the first defendant who signed,
of sale, at a satisfactory rate signifying it as correct. terms of of interest.
As regards our House Property at Kennedy Town the income derived custody
say that the was
8 and
third
Kwok continued to defendant
on March
from rents of occupied flots is giving
A foir return on the book value.
There are 20 totally tooted flats to
token
into when
this
was given a total of 27 months Another diven keeper Wong Kong hard labour for possession of 210 heroin pills and eight heroin pipes und three jumps at No. 23 Wusung Street, first floor.
Inspector J. Orem prosecuted.
I do but think that there are any Wine Theft Did ·
be reinstated and it is the intention items in the accounts which call for
your Directors
of
comment, and i therefore Not Leave Him In
rehabilitate special 10 these during the current year. propose that the report and Accounta
Turning to the Balance Sheet you together with the appropriations Best Of Spirits
house, Shantung Street, defendant allegedly impersonated Revenue Oficer again and demanded
$00 ARP from Chan Chiu with menaces.
was remanded
for a In gael custody by Mr
Insp. Robrits added that tunnels and pill-boxes in the Taun
Defendant Wan district had been looted
by i week horeliums during the post months d'Almada. and it was very dificult for the culprits to be traced,
Mr Mirons, Inspector of tunnels attached to the Public Works De GUERILLAS' partment said that the bricks bad. been removed from the foundation SUDDEN RAIDTM
States
of the tunnel and some 10,000 brieks had been removed from this par- ticular pill-box. The
Athens,
Apr. 7-United roof of the sources today reported that an es- pill-box would have collapsed any timated 1,200 guerillas attacked д moment and it was dangerous for United
ald States
mission road working party to make any repair at this stage. It was said that the construction project in the east cost to seal up the funnel of the Tuesday, killing five Greek soldiers Central Greece on Monday and Dill-box would roughly be $3,500.
FOUND WITH RAW OPIUM
and two civilians and kidnapping 67 persons, Including 17 mission truck drivers.
the
The attack occurred on Monday night on a section of the Athens- Salonika
highway near Pharsaln, when a rebel force suddenly swarm ed down and burned or dynamited American trucks, road rollers and During routine search by Revenue
graders.
battle Sources, sald Officers at the Kowloon Conton Rall- throughout the night, with villagers raged Way Station yesterday, two men coming to aid project workers, were arrested when found in posses- There was no mention of rebel will see that our Current Assets therein recommended be adopted
sion of a quantity of raw oplum casualties. Press dispatches sair exceed Current Liabilities by $592,- and passed, and that the balance of
respectively. 100. Stocks and Stores have been $133,975.93 be carried forward to
Greek Air Force, planes pounded the Although he had stolen 'n bottle of valued as usual, at cost or under, next account.
Before When this has been ordenux wine from Sincere's Coin-
Mr Latimer at Kowloon rebels as they fled southward and and Depreciation on Buildings, Plant, seconded I shall be pleased to answer pay Ya Chal-man, 38, was not in this morning, Na How, 44. farmer.
ene Spitfire was shot down-United etc. has been calculated on the cus-o the best of my ability any ques- the best of spirifs when he appeared each fined $350 or three
and Koo Kun, 45, unemployed, were Press, tomary basis.
which you may wish to ask before Mr d'Almada at Central this Your Directors recommend
hord the concerning the Report and Accounts. morning charged with larceny..
labour for possession of 3.5 creation of a General Reserve of
This was
taels of raw oplum each. seconded by Major "I'm ill and
and I wanted to get some $150,000 and you will note that War C. W. L. Way
money for my Losses Account has been provided
passage back to
The opium was concealed in de- Shanghai," wuld defendant, looking fendants' shoes and tled around the for by the proposed Reserve of
very for himself.
waist respectively. $094,800. You will also see that the
Mr d'Almada: What is the fare Balance Sheet is presented in a more
to Shanghai? compact form with the previous year's Agures shown for comparison, HEMP MARKET UNCERTAIN
The hemp market remains un- one year? Why not spread it certain and affected by outside in- over? fluences such as exchange controls: and official buying, the Incidence in view of the somewhat problema- bottle and something else.
and effects of which are difficult to forecast, but I may say that we have on hand a good stock of raw materiais.
no
There has, I regret to say, been
appreciable improvement
In
flons
it wise to make this reserve.
sorry
SHAREHOLDER'S QUERY Mr A. Hilally: Do you not think this is rather drastic to take the war losses from this year's proits?
Chairman: Your directors thought Detendant: About $40.
Mr d'Almada: Well, that won't Mr Hilally: But why wipe it out pay for it.
Moran: The avine is
Mr d'Almada: Yes, it will be the Dofentiant: I meant to pawn some of my clothes,
Chairman: Your Directors felt that
le chance of getting any. money back from the war losses it was a wise course, to follow.
Mr Hilally: Thank you. The motion
was corried animously.
Inspect
valued at $10.
Mr d'Almada: You'll go back to Shanghal all right. Three months ut and recommended for banishment.
certain of our Far Eastern markets
It was proposed by Mr J. Dick, wherein we did a good business be- seconded by Mr A. A. Botciho and
fore the war but we are, however, carried unanimously that Sr
markets,
Robert Ho Tung and Mr L. Kadoorie be re-elected Directors.
Charged With Illegal Exporting
months'
Revenue Officer Knox prosecuted.
Italy Expects
Colonies Back
Rome, Apr. 7-Count Carlo Sforza, Italian Foreign Minister, told Cabinet a meeting of the Italian todny that Britain, the United States and France seemed agree- nblo to the return. of Tripolitania and Eritrea to Italy, according the Rome evening newspaper, Italla Socialista.
to
Stole Saw Blades From Godown
Sentence of four months' hard labour was imposed on Cheung Lee- wah, 20, odd job coolle employed at The Holt's Wharf, by. Mr Latimer at Kowloon this morning for larceny of six dozens of hand saw blades from the No. 1 Godown yesterday,
Insp. J. Orem said defendant was arrested in possession of the box of. saw blades, which he admitted steal- ing from imong a consignment of cargo unloaded from the ss City of Carlisle.
Defendant had a previous convie- tion for larceny,
MINISTER FLEES SOVIET ZONE
·Berlin, Apr. 7-Dr Walter Kunze,
trying to get into now though it is too early to estimate the possibilities.
It was proposed by Mr C. W. L. While I trust that you will con- Cole, seconded by Mr A. Hilally and At the request of Revenue Offeer sider the result of the past year's carried, that
He added that Cyrenalca would Messrs Percy Smith Humphreys, Chan Kit-yee, 28, mer- remain under British and Americag the Liberal Democratle Minister of working not unsatisfactory, in view & Co., and Messra Pent, Marwick & chant, was remanded till April 13 control pending a final decision on Finance for Brandenburg, In the of the many difficulties with which Co., be reappointed Auditors for the by Mr d'Almada at Central this we in common with other industrial ensuing year at a remuneration of morning on charges of exporting
Soviet Zone, was reported to have concerns have been faced, I feel $1.250 each per annum.
died on Sunday and to have sought gold and exporting foreign currency. Count Sforza told the Ministers of refuge in the Western unable to prophesy as regards the
the meeting were: It was alleged that on Tuesday, at a future. Our sales for the first quar Messrs. L. Kadoorio (Chairman), A. Kal Tak Air Port, defendant tried France, with Italian
plan prepared by Brinin and cording to today's Tage
Present at
Tita future.
ier of the current year are satisfac-Raymond, 1. W. Showan, S. T. Wil-to export 80 taols of gojd valued at for the development co-operation, The nowapaper
ac-
SHOWING
TO-DAY KINGS
She found the Love all
Women Dream of Knowing!
At 2.30, ~5.10,
7.20 & 9.30 pin
Reckless
of
yesterday, a bold brigand and a bored beauty live and love to the
Scree
ating
Story:
-Wythe Author në “RESLOCA'
full for 24 romantic,
presents
dangerous hours.
Joan Fontaine. Arturo de Cordova
FRENCHMANS CREEK
IN
TECHNICOLOR
A MITCHELL LEISEN. PRODUCTION,TE
with Ball Rathbone • Nigel Bruse « Cadi Kalloway * Ralph Forbes Directed by Mitchell Leizen
ALSO LATEST 20TH CENTURY-FOX MOVIETONE NEWS
Received by Air
Latest About Czechoslovakia....Easter Parade in U.S.A. Vanessa Brown (Star of "Ghost and Mrs. Muir" and "Lato George Aploy" in fashion parado... Speedy P-80s faster than Nazi V-1.........‚etc., otc.
SHOWING
TO-DAY QUEENS
At 2.30, 5.15,
7.15 & 9.15 p.m.
MGM'S BIG STAR-SPLASHED HIT!
AQUACOL
THIS TIME
ESTHER WILLIAMS
Chang
in gay sparkling TECHNICOLOR !
FOR KEEPS
MELCHIOR-DURANTE JOHNSTON CUGAT RESTA
DAME MAY WHITTY › SHARON ARMANUS Seren yapan lahanan » Bare her fren Quinas ant karman Parent
RICHARD THORPE
maeview JDE PASTERNAK
ORIENTAL
SPECIAL FOR TO-DAY ONLY: 2,30—5.15-7.20-9.20 P.M.
-A DETECTIVE STORY PICTURE WITH ACTION!
FNIGHT
NEWTON BO TO DUBLIN
AN ASSOCIATED, BRITISH 'PICTURE)
with
RAYMOND LOVELL - GUY MIDDLETON and introducing MUBIEL PAVLOW HEINENT LOM - JOEN KUBBOCK - MARITIF BOILIES menőbecsed by Laermes Humelęgton ma
For To-morrow Only: "The Bandit of the Sherwood Forest"
Coming Attraction: "THE UNFINISHED DANCE”
TO-DAY ONLY
BEST SOUND CONSPERMOLI MATS: "MAT 2.30, 5.15, 7.20 & 9.30 p.m.
Cathay
Gary GRANT John GARFIELD
of the U.S. Submarine "Copporfin'-flashing the signal that sends the bombers to blast Tokyo! DESTINATION TOKYO”
with Dano CLARK.. Alano HALE
Robert HUTTON:
GRAND OPENING TO-MORROW said Dr Kunze LADD TACKLES A NEW KIND OF KILLER IN MYSTIC ORIENTI of Africa. had been the object of several at- hundred-plastre which would be extended to cover tacks by the Taegliche Rundschau, Alan LADD
all the wester justions,
organ of the Soviet Military Go- Defendant, who was on ball of
Gall RUSSELL In. $100, will be represented by Mr.
vernment, lately and that he had Count Storza left this afternoon been under close observation while [Hin-shing Lo.
with William BENDIX {for Switzerland Reuters
in office. Reuter.
notes.
lory compared with those for the lamson (Directors) F. J. Tavares $25,000 and 2,000 corresponding period of last year, (Secretary), J. Dick, A. A. Botelhe, and I hope that we shall continue, C. W. L. Cale, H. R. Sequeira, H. to receive a fair share of the busi-Dreyer. A. Hilally, and Major C. W. ness affering,"
L. Way (Shoreholders),'
“ CALCUTTA
Juno DUPREZ
DUPREZ
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