THE HONGKONG TELEGRAPH, TUESDAY, MARCH 22, 1949.
Hongkong Tramways Ltd's $3,700,000 Profit
"GREAT PROGRESS" REPORTED
The "great progress" made by the Hongkong Tramways Limited since the war was referred to at the annual meeting of the Company held in the board room of Messra Jardine, Matheson this morning, with Mr Robert Gordon (Chairman) presiding.
Mr Gordon said that with the expected completion next week of the join-up between Causeway Bay terminus and King's Road the Colony would soon possess an absolutely first class arterial highway through this district.
J
was reported for the year.
Addressing the
meeting. the
E
with
Mr Wolker and Mr Mr Gordon, in his speech, During the year Wongaelelong service. revealed that the tramears had Road track in vicinity of the Hammond will leave us
the Company's full appreciation pas-Jockey Club was centrally re- 8,000,000 more carried
their belter of
long and clevoted sengers than the pre-war higheallaid so as to permit
of $3,700,158 now of traffic in that area. It services and the good wishes of record. A profil
in soon expected to commence all their colleagues.
I think those present conversion of some remainingclusion airle track to double track at would wish me to express con- end of Shaukivan gratulation to all ranks in the the enstern
service Itond and, boving at last ob- Company
tho upon rail tained essential
supplies. highly ratisfactory outcome in work will also procved on other every respect of a year of work
well done. track sections awaiting renewal attention.
Chairman mid:
nn ex- The year has been tremely
from satisfactory one every point of view. By January 1948 we hnd achiever the pra- vision of regular servlees just about equivalent to the 1941 Pro- 30 tramears. average of
to the was ustaini fression
time the Sgure is 103.
On the
of
I now propose the following development pro-Resolution, ---- Brumme Just mentioned, that That the Report of the
AIR Statement level of 99 cars in the month of it say, installation of superior Directors equipment. Accounts
for the year ended December and at the present licency electrical
various other technical muxlf-
31st December, 1948, as pre- belational Neptions,
tramears
rented, be adopted, and that Thus we have been able to and permanent 3443 develop-
dividend of $1.00
per carry some 8,000,009 passengers ment, your Company will have to fin
jshare
less tax.
hereby de- more than the pre-war highest fare an expenditure of some
clared, by paid for the year record and, this, with a very $3,000,000 of which possibly marked improvement from the one-half will be laid out dur-1948.
disorderly overcrowding that in 1949. obtained throughout 1916 and far on into the year 1947,
During the recent Chinese
New Year period, when a service
INCREASED COST
Owing to the augmented fuel- throughout the
of up to 10 cars was operated,es offering
nearly 2,000,000 passengers were year there was an crease carried in-one week. This was 24 porrent in traffic receipts. # 30% heavier traffle than for Chinese New Year 1948,
SECONDER'S SPEECH
L
|
In this regardi it must be noted that
1998 and the ind you
of 40 seconds headway through-pany is today employing a la- out the central districts is maintained against the
How
Seconding the adoption of the report Ami stulement counts, Mr A. H. 1renn said:
Your review, Sir,
the operations and work which have been carried out In the your direct working ex-
Indications which give us of further con- These new standards mark a penses-now 500 percent higher
are still siderable development in pro- level considerably higher than then the pre-war busis
com-jeel. cerininly valect matti- ever before hittaindel. A schedule in the ascendency,
fenance of the very great pro- ་་་
bour force over 70 percent nus:gress our Company has mude merically greater than in 1941.in the post-war years. Membres, 1941 The
factor of costs alone
sore, will join for unleage now bears a relationship of one- congratulating the Directors and
third to earnings, a
the Company's service considerably all in consumption of
Higher
upon these gratifying results. our consumption of elec
rosts over Trical
three energy les the pre-war expense.
Nevertheless, improvement reflected
in the balance brought in to Proit and Loss from Work
After allowing for ing Accoust.
highest frequency of t5 seconds, All past records
wage
ckets issued in their several white pur
ratio thun ever before;
me
I would like to associate my- self with your remarks in regard
to
power;
classifications, passengers per car-mile
and total traffic car
left far be-
the retirement from the rient have been
Company of Mr Walker and hind; with the particular fo
Mr Hammond and, here again. contrary to the ture, entirely
relationship, that the
I feel that all members will wish pre-war most notable increase has been
me to express the hope that their Depreciation. Taxa
Taxation and Do-
long years of service will be In rst class trafic, which cur- rently registers a proportion of nations, and crediting supplerewarded by many happy years
mentary ince
income,
Net Profit for
of retirement. almost one-half of the whole.
Twenty-one
-one and a half mil- the your is $3,700,158, of which
15218,328 is derivexi from Insest, I now have much pleasure in more passengers
This seconding the resolutiort for the carried than in the precedingment and sundry sources, year und 53% percent of that result is $1,204,351 betler than adopting of the Report and Ac-
counts increase is represented by addi-shown for the year 1947. tlonul
Adding the balance of $241,- Chairman. first although out expanded opera- 739 carried in from tions provided, proportionately, vious grenter udditional third class of accommodation.
lion
class
were
passengers,
terim
like pre-
account. an amount $3,941,897 stands for
appropriation, A. 55-cent In-
Dividend
subject to $965,250, SCHOLARS' TICKET tax, absorbing Popularity of our special ruted in September. Your Direc- unabated-tors have transferred the sum of monthly ticket is There are now 37 percent -$345,885 to General Reserve and gular users of this ticket than the sum of $350,000 to Special in 1941 and the nominal roll of Contingencies Account as further
practice
it
1y
cannot
to
conditions,
Reserves
to
care
As proposed
RE-ELECTIONS
by the
On the proposal of Mr C. N. Kong. seconded by Mr J. T. Choy, the lon Sir Man-kam Lo and Mr H. D. Benham were
SIDE GLANCES
1-27
GOTA, 1942 DE NEA
By Galbraith 16 Year-Old
"I'm scared, too, but don't call Dad! Ho'll be sore be- cause we switched from the nursery tales to this murder
program!"
Girl Found
Murdered
Milwaukee, Mar. 21.The police are searching for the sister of 16-year-old mlæsing Patricia Birmingham, attractive hight school student whose body was found weighted with a con- creto block in the Milwaukeg River.
Her sister, Kathleen, 17, has been absent from home since Friday, when she loft a note Her eloping. saying she was parents reported the note Gold that Kathleen was running away with 10-year-old youth and she took her complote wardrobe
with her.
The police sald they saw no direct connection between the disappearance and the slaying, but admitted they were "Par- ticularly interested" in question- ing the young couple,
Four boys, ail about Patricia's nge, have been questioned by the pollee. Six others moned for questioning..
Detectives said
parently had
were sum-
Patricia ap-
been killed by
"someone her own age, whom
she knew very
well." However,
they learned very tie from
ens taken
the youths questioned.
The body
Was
!room
the river on Sunday by a fire- boat crew who were searching! who had woman for another leaped from the bridge during the day-United Press.
Atlantic Pact May Cause Russia
To Leave UN
London, Mar. 21.-Observers here believe that the Soviet Union will take step at the dext
at United Nations meeting-beginning
condemn Success
April 5,--to North Atlantic Pact as incompatible Charter.
on
Lako the with its
This would be done with the implied threat that if the United Nations approved the terms of the pact, Russia would no longer con- sider that it was serving the purpose for which and would it, was created at San Francisco, have to consider withdrawing from the organ- isation.
Surgeon's
Successful
re-elected Directors. Appeal
Messrs Lowe, Bingham and Matthews were reappointed auditors, at a remuneration $5,000, on the proposal of Mr C.
of
Negligence Present at the meeting were
Govt. Ban On Processions
(Continued from Page 1)
time did the police use or draw
About 400 their truncheons. police were employed in keeping order,"
Replying to
a barrage
of
questions from Members, The
zaid Home Secretary months was tho mon
three maximum limit prescribed by the Inw for his order, adding: "But political processions have taken In this, country place
for B Kreat number of years and 11- two ir to be regretted that allen organisations, coming in- to conflict on this matter, should make one of the tradi- tonal ways of expressing pub- le opinion in this country in- tolerable to our fellow citizens.
Meanwhile, 23 people, Includ- ing two women, appeared at the North London Magistrate's Court Inday on charges ranging and from insulting language obstruction to
assaulting police. Eleven of them, cluding a
17-year old girl 'typlat 2.-Something of this sort accused of striking a policeman was foreshadowed in the com-
Speculation on the possibility ot
Soviet counter-resture to the Atlanile Pact has been stimulated two considerations:
some dramatic
by
1.-The signing of the pact the day before the United Na- tions meeting opens will pro-
with the vide Moscow timing.
ideal
prehensive "statement of the
the
IFL-
In the face and body with her fists, were remanded.
Soviet Foreign Ministry on the
Ten were fined sums of from £3 to 10. The other two on January 29 in Moscow
cases were adjourned. reply to the United States
Extra police guarded the State Department's previous buildings when the cases were
commentary entitled: heard. Reuter.
Peace. Collective
་ ་
holders grows from month to provision agulast Increasing C. Blake, seconded by Mr I. F.Wrong Diagnosis Not North Atlantic Pact," published month. Similar to the first class abilities devolving upon service Autott, military leket, a half-fare chil- terminations under labour em-
pluyment dren's ticket was introduced in
Addi- Mr Itolert Gordon (Chairman). tionally. $450,000 has been the Han Sir Man-kam Lo, Sir
London, Mar. 21-A sur official September.
Inclusively, although the lat- creditel
Development
Shouson Chow, the Hon P. S. ter tickel was currit during Obsolescence-
This Cassidy, Mr-N-O-C-March-Me geon, who was said to have "Building only four months of the year new reserve is created in ac- 11. D. Benham (Directors). Mr wrongly diagnosed in 1942 Security in the North Atlantic availed cordance with present-day ae W. F. Simmons (General Mana- that a patient, an American, Area,' passengers 13,000,000
for por), Mr W. H. Paterson (Secres would die of cancer in a few themselves of these cone-ssian counting practice
Conforming to pre-war certain fixed assets which, dur fary) and the following share- farcs.
is the intention, short- to inflated replacement costs, holders: Major C. W. L. Way, months, today appealed suc-
now be covered
for Messrs E. Grant Smith, James cessfully against a £6,300 to issue a similarly redues can
renewal by
by normal depreciation, T Choy, C. C. Blake, C. N. damages award. rate scholars ticket.
1. Aucott, A. H Although we are still hadi and assets which, although ser- Kong.
A. E. Ellis. capped to some extent in the viceable in use, many for techni- Penn, A. Piercey.
and Henry S. matter of the supply of electrical reasons be superseded by H. J. Young
new equipment before extinc Leung. cal equipment, l'am glad to re- port that, generally speaking, tion in valte over the relatier the delay in obtaining suppiles wyllten-down life.
The recommendation before to which I referred last year has
the meeting of a Final Dividend been substantially relieved.
Consequently, the first three of $1.00 per share less tax will
indented for as leave, after the allocations now framears far back as 1945 are now in ser-have detailed, a carried forward
in ourse of balance
epurse of
10 year of $75,702. vice, the remainder
assembly; and, pro workshop
Turning to the Balance Sheet vided
up-to-date delivery pro-I would explain that the sun of mines for some sill-outstanding | $154,115
Genern Genero components are honoured, it is expected to have completed the
Rediffusion will be officially full rehabilitation of all rolling ten-down book
DOOR value, upon inaugurated at 7.15 p.m. today stock and the construction Crown resumption, under The when IE the Governor.
to Extension
Grantham, new units up to a total of 118
& Reversion; Alexander the newly-erected by autumn, 1040. Ordinance 1948, of land former speak from service cars Equipment orders for bringing ly owned at Kai Tak.
studios of Broadcast Relay Scr. the commission six further cars
Special Contingencies into
provi vtce (Hongkong) Ltd., at have also been placed.
slon as shown in the last issued
corner of Hennessey Road and In connection with this accounts
reservations Arsenal Street, Wanchal. unis covered development, I should mention both for the then assessed em-
To mark the occasion, a large considerable expenditure ployees service conditions
have been is being incurred in technical.quirement, alrendy mentioned, number of guests
device and constructional and for accruing Taxation invited to a cocktail party this
These items ure now act out in evening at the studios.
The Soviet Foreign Ministry-{ devated the whole of the third section of Its declaration to con- sidering the North Atlantic Part as "a factor undermining the United Nations Organisation."
The surgeon, Mr John Bow- man Hunter, had been ordered
This section rejected in ted- to pay the damages to Mr James
made In the Forbes Whileford. Mr Whiteford Vance the claim
draft text of the Atlantic Union complained the original ac- tion that Mr Hunter Bad Dr that the phet is consistent with
Governor To Seymour Gleed had wrongfully the provisions of the Charter of
that
Bedernisation, Including a stan
of
"extrelled in
1
Reserve Account a capitul surplus realised, against writ-
Airfield
re-
dardised replacement is trne the present Balance Sheet us Lion-motor specification, en separate headings.. trance and exit control and air-. powered braking, Air brakes the rheostatic hand-operated
additional
electric
...and
MARGIN NARROWED
will be Among the assets it brakes are now fitted to 05% observed that Investment Ac-
deliveries
for
the
Inaugurate Rediffusion
8lr
diagnosed his condition.
his
the United Nations.
Con-
As a result of the diagnosis, į It accused the Western powers
planned and Mr Whiteford gave up his flat, of having sold his business and belongings cluded both the Western Union in England and returned to the and the Atlantic Union "in clr- United States us set by cumvent
surgeon in New York, who
of the Union Nations Or- found no evilence of cancer. ganisation" and of "placing be. Mr Justice Birkett held that fore the United Nations & fait Mr Hunter WILS negligeat in accompli." making
and diagnosis
The Soviet statement said: "In awarded Mr Whiteford £2,000 actual fact, the North Atlantic general damages and
£4.300 Alliance and its adjoining group. special damages.
the He dismissedings of States, headed by the case against Dr Gleed.
Gi ruling circles
United the Today, Mr Hunter appealed States and
direct against these findings.
of the Unit- Lord Justice Asquith, giving ed Nations Organisation.
raday these groupings alm the appeal judgment, sold the question was whether Mr Hun- at undermining the authority of ter, in making of mistake, was the United Nations Organisation; guilty of negligence. There was tomorrow they may bring about The first artist to broadcast cross appeal by Mr Whiteford the destruction of this organisa- from the studios after the from the decision of Mr Justleetlon."--Reuter. Inauguration will be six-year- Birkett in dismissing the action
old Wu Shuk-ying, daughter of against Dr Gle. deckka,ad Air Wu Shun-tak, manager of
the
I made particular mention of the asset louse & Other Pro-havo drawn favourable
the projected realignment of
com-
the cross
Undertain, constitute o
Radio Hongkong
OUTWARD MAILS.
p.m.
Commencing fram Monday, March 21, the outward Air mail to United Kingdom will be closed on Mondays and Thursdays at CPO Kowloon 30 p.m., and GPO Rongkang 5
(Registered mail half an hour earlier).
stated, re- Unless otherwise
And gistered articles
Parcel juste close 30 minutes cariter than the ordinary mall. If maila close before 10a.m., registered and parcel posts close at 5 p.m.. on the previous day. Malia are closed at Kowloon Central Post Office half an hour earlier than the GPO cloxing times.
TUESDAY, MARCH 22 Closing Times By Air Swatuw, Amoy, Nanking & Teing- tan, 3.30 p.m.
Shanghai, 3 p.m.
Marilo, Honolulu, USA & Canada. 3 p.m.
Air Parol Post for Manila, Ilona. lulu and USA, (CPO) 4.30 p.m.; (CPO) 4 p.m.
Ordinary Alemail (Printed Matters, Samples & Small Packet Posts) for (CPO) 4.30 p.m.: (GPO) 5 p.m.,
Bangkok, B p.m.
Manila, Guam, Honolulu and USA.
Singapore, 5 p.m.
Cloding Times By Bea Trankon vin Canton, & p.m. Manila, Rabaul, Australia and New Zealand via Sydney, 0 p.m. (par. reg & ord).
Straita. Ceylon, Madagascar, Aden, don. 5 p.m. (par). Egypt and United Kingdom via Lon-
WEDNESDAY, MARCH 23
Closing Times By Air Swalow and Amoy, 8.30 a.tn. (reg); Daun. (ord).
Shanghal D a.m. (reg); 050.a.m. (ord).
Manito, 12.30 p.m.
Shanghol, Nanking, Tsinglab, Swa- low, Amoy, Tainan and Fuochow. 3.30 p.
Closing Times By Bea
Honolulu, Noon
Straita, Ceylon, Madagascar. Aden, 0.01, Egypt and Unked Kingdom
Vic
Children's Story: Mary by London, 0.36 a.is, (res): 10 a.m.!
USA, Canada, Central and South America via Han Francisco (No Par- cels for Canada), 2 p.m.
Japan p.m.
Lashio Retaken dit by lile Txcellency the South Africa vis Durban, 3 p.m.
Manila. Macassar, Mauritius and
Straits, Rangoon and Calcuits, 3 p.m.
Italphong. 2 p.m. Swallow, 3 pin.
This was against Dr Gleed. ̧ Theatre. Queen's
She will dismissed with costs.
Leave to. appeal to the House of our cars. Outstanding count has been increased by Rive a short pluno recital.
Athough the service officially of Lords-the highest Appeal HKT of this equipment $542,019-and, also, that, in com-
6.00, Programme experimental Court-was granted in respect begins tonight, whil reminiuter
beparison to year-end quotations,
8. G. Hulme Beaman (BBCTS);(ard). reaching us during the summer the margin, though quite satis-programmes have been relayed of the appeal and,
to subscribers for over a week appeal.Reuter.
8.30, Cantonese by Radio Given 'by factory, has narrowed upon de- Both the, type of programmes
Miss Lee Wai Lan & 8, K. Loo months.
NEW ROADWAY' cline in stock market values
Btudio): 0.50, Phil Green and liis supplied and quality of reception Additions In
Dixieland Band: 7.00 World New In addressing you last year since last year."
and News Analysis (London Relay}; Aiment,
Governer, Sir Alexander Grantham perty arise upon continued re- now reaching com-
(K.C.M.G) at the Opening of new roadway along the Cause-storation,
Rangoon, Mar. 21-The Bur-"Rediffusion"; 7.25, Interlude: 7.33. at raised pletion, of statt residential pre- Bay section way lovels.. Qur construction of anmises commenced in 1840 NO CHINA PEACE mes government today said it "Down Memory Lane Presented by
hns relaken the Northern town Alleen Woods (Studio); 0, "ro
(London the Editoriata""
Melay entirely re-laid track and per- reported at intervening Annual
Meetings.
of Lashio from rebel forces 10. "Nothing but Music", Sidney foundations manent-way
Torch and the Queen's Hall Light The
without casualties." improvement in our sup- this road began in the path of
The report said Lashio was Orchesten (ORBR) 0.40, Selections from Opera; 9. "20 Questions" Ites!» Government work In October, ply position is evidenced by the
on hand and diplomat W. W. Yen, head of the held by an insurgent offshoot of dents: Alleen Dekker, Douglas Call Join-up between Causeway Bay totals of Stocks
(People's Voluntary John Colley, Cuent: Shelagh Nor- terminus and
Road Goods in Transit aggregating over recent unomeinl Shanghal peace the PVO King's
$1,000,000 track
against jusi over delegation to Pelping, does not Organisation), which also holds man, Question Master: Peter Gre- costbound of the new
time 8th $400,000 at this
**Re-Union mining town of Mary (tudio) .30, London Play- effected
a year think peace talks between the the Northern'
in Vienna by the on
Robert Sherwood, With James Was
Nationalists and the Reds will │Naratu,
St. Jobne Newfoundland, Instant with recommencement of ago,
"We are
Another report sald Communist Muson and Pamela Calleno: 10.00, shortly to lose two be started before April,
Radio News Reel London Rolay); | Mar. 21.-The scaler, Eagle, uninterrupted two-way through
Once the talks begin, Yen forisoners broke out of gaol In 10.10. Weather Report: 10.14, Chein- traffic. Our part of the work long serving senior officials, In this undertaking in expected Mr V. Walker, Chief Engineer says, they probably will drag Karen-held Mandalay and at- ber Music Recital "Sonatas Grieg: hunting in the Gulf of St. Law
incked two police stations in the Sonata in G Minor, Op 48..Sergei rened today reported a total
Plano) and to be completed next week and & Assistant Manager, and Mr on for at least two months.
But he is confident peace will neighbouring district of Ronyata, Kreisler (Violin 10.45, Musse for ing, etrned to be a record.
Rachmaninoff
Fritz of 3,000 senls in six days kill- Hammond, Traffle the Colony will shortly possess H. W. an absolutely first class arterial Superintendent, are both relir be achieved because both sides but were beaten off with heavy Dancing: 11.15, Weather Report and
Ruuter 28 years' need peace."-Associated Press. losses-Associated Press. i highway through this district, ing this year after
over
TALKS YET
Shanghai,
Mar. 22,Veteran
frouse:
Close Down,
THURIDAY, MARCH 24 Closing Times By Air Rangoon, Calcutta, Karachi. Boh- rein, Alexandria (Natroði, Johannes- burg and Marseilles, via ́Alexandria) Rome and London, (CPD) 4.30 pɔmi (GPO) & p.ni.
Bangkok, Batavia, Colombo, Syd- ney and Auckland, & p.m.
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FRANCIS L. SULLIVAM
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