ratet:
THE HONGKONG TELEGRAPH,
Hotels Ordinance Unlikely
To Cause Difficulty Robbery On
HONGKONG & SHANGHAI HOTELS LTD'S MEETING
"The Hotels Ordinance, 1949, has now been enacted and our business will henceforth be governed by its provisions, but no difficulty is envisaged in conforming to its requirements, in fact conversely the Ordinance makes clear certain ambiguities of the past, and there should be a more harmonious relationship in the future between Government, residents and hotel managements," said the Hon Sir Man-kam Lo (Chairman) addressing the annual meeting of the Hongkong and Shanghai Hotels, Limited, at Ex- change Building this morning,
Tise Profit and Loss Account before you is in two parts, the first dealing with the ordinary trading of our business for last 1948, the second part Pillo nerous items of extragedinary revenue and pro- visions effected and the appro- priations recommended by your this Board
for adopilon at
lo
conjunction usual bonus to the Foreign staff. A profit al $3,040,049,52 on 403,331.04 has, in
transfer from Co- There appears to be nothing the year's working was reported, with
In his speech the Chairman tingencies Ieserve of $80,445.- further calling for useful com- for ment on my part and I therefore 01, a longer necessary provision purposes, been utilized beg to propose the adoption of "War the Report and Accounts as pre- to write oft in to the
of $2,180,777.55 which rented, that a Dividend of $1.- Losus"
of tax. be paid stores, the pay thus make their last appear- per share, free ance in the Company's Balance 1,193,867 Sheets, The Schicchie of Fixed ment of a bonus of 50 cents on Xe the similar number of shares Assets previously referred
Tax and from the shows in some detail how such from the prilis not liable to of the Company's Assets now Hongkong stanil in the Books and should then remaining balance of the to year's proft of $1.203,087.92 the be of informative value
sum of $500,000-be transferred Shareholders.
I would submit that the to General Reserve, $500,000.. Balance Sheet does not call for be placed to n Special Deprecia-
comment tion Reserve and the
sum of any further special from me, the various items to $203,097.92 carried forward which I
not have
alluded the 1949 Accouni. being self-explanatory.
Meeting.
As you will see the Balance of Working Account has increased compared with by $461,890,92 the 1947 figure, while also in- cluded on the credit alde is the ne dividend of $234,000.- Нет received during the year from subsidiary Company, the our
des Wagons-lats, Grand Hotel Limited, of which more here-
after.
Other Homs in this account, both by way of revenue and expenditure, do not call for any
shows
it VOİ
f
from revenue
CUC in the
to
and
Board Junk Described
Before Mr Justice Willame (Pulme Judge) and A jury at the Criminal Sessions this morning, Liu Kwal-sang, 20, and Liu Kam, 33, pleaded not guilty to charges of robbery by two er
of more,
and possession BETA. The charges allege that ac ભાsel,
sed, together with others not In custody, robbed Nam Siu-hing 2,500 cattles of rice on De- cember 31, 1948, and int they were in possession of two pistols on the camo date without a licence.
of
Mr M. Heenan, Crown Coun- by Det. Insp. it. sel, assisted MacKenzie, la prosecuting. Thei accused are not legally repre- ! cented.
WEDNESDAY, MARCH 23, 1949.
SIDE GLANCES
By Galbraith
SHOWING
TO-DAY
31
1-6
COPA, 4010 UT NEA BERVICE, INC. ↑, ML'AED. U."KˆPÁT, DIT,
The Prosecutor said that at
on December about 8 pm. last, a junk owned by Nam Stu- hing left. Im Ting. In Chinese
with a
of 14 territory sacks of rice, lolating about vessel proceeded 2,500 cattles, for Shalaukok. The along Mirs Bay and about 0 p.m. was over- vesse taken by another junk, which Crown Counsel referred to as the robber junk.
The rice-carrying junk was then ordered to stop. There was a display of firearms and the master and his crew would say that through fear they stopper. Counsel said.
Two
away.
"Say, you're talking pretty tough about the Russians but I suppose there are a tot of big, hard-boiled follows like you itching to carry a gun!”
Kravchenko Libel Suit Judgment Expected Soon
Paris, Mar. 22.-4 "famous American citizen" had to send his son to a Soviet univer- sity because hone was available in the United States, Counsel for the Communist weekly, Les Lettres Francaises said here today in his closing plea in the libel suit brought against the journ- al by the Russian-born author, Mr Victor Krav- chenkco.
SECONDER'S SPEECH
of the robbers, both The year tinder review was not without its dimeuitios and
armed with pistolis, then boarded the report Seconding although our
the first junk and ordered the of accounts, Mr Acrew to row towards thore near bedrooms was of course well Hatement maintained, restaurant revenue italy said: I feel confident a place called Ka Ken How, dise seram voleing the sentiments of the in Chinese territory where the suffered a comparatively Jous deeling in the
rice was transferred to the rob summer shareholders present when
then solled however, the state that the inanagement is to her junk, which month which, succeeding months remedied be congratulated upon the re
robbers the your's trading and special comment except permally because of the influx of sult
However, the Iwo Depreciation, which comparative increase of $195.- persons from China during that the appropriation of the balance who had boarded the rics-carry- perlod and the latter portion of at the credit of Profit and Lossing junk remained behind, for
well account. Is beint our revenue
what purpose the Crown did not maintained at the moment,
It is fortunate that we are in know, Mr Heenan sald, but the This subject of rates for a position to write off our War inference was that they wanted raised. apto prevent an alarm being Hotel bedrooms became rather Loses necount by slightly
course bucetating our land values. The A few moments afterwards, the past year. natural writing up has been done upon firing from the shore was heard, the two rabbers
The Counsel, Maitre Nordmann, was refer- Enough when 20 many a very conservative basis and, whereupon
into the weapons today have! little
ring to the negro singer, Paul Robeson, now on residents
After the firing ceased the murs stabilised, this matter will sea.
The new option but to reside in Hotelsless, when values become threw their
a concert tour of Britain. sall with instead of their pre-war homes.
on board robbers tinarmed
for The trial, natible
the Board. As we are all aware Govern engage the attention of the junk set The
air-conditioning of the for Shataukok, where they were
violent clashes between Mr ment appolated a Committee: advise 5/11 this complex:
defence wit- natter, is recommendations in popular portions of the Hongkong; handed over to the Police,
Referring to the robber junk, Kravchenko and 50 for
effect this Hotel will commend itself to our S thes
confident, Counsel said that it had been nesses, some brought here from s owner by the Soviet Union, is in' ito ninth during the commandeered from its
as it sailed; week and is expected to end the robbers, and
in tonight, niso heard the gun Bring, away
remaining two whereupon the
Kang jumped members of the overboard. The junk then saited to Shataukok where the stolen rice was returned to its rightful
239.45 and which I will refer to later.
The second part of this Ae- count includes the profit of $587,681.89 realised on sale of RBL No. 160, Repulse Bay, a hitherto unproductive noset, less a deduction of $69,872.-repres, ly senting the book value of IBL No. 77, the old Peak ifatel site, which was surrendered to Go- vernment in December last, the opinion of your Beard being that rebuilding thereon would not be an economic proposlilon.
Including therefore the surns Cerny being generally to the patrons and, I feel
effect that rates should remain. as they were.
This view Government
ак
will attract them brought down of $2,205,487.80
ummer months. sunimer and $226,748.77 brought forward from the preceding year less an
Before formally seconding the of $40,151.10 for Pro amount of
In principle and our proposal made by you, Sir, I ex- perty Tax 1048/49, $2,993.008.42cepted
remalus, generally press the hope the Board will is available for appropriation, position the recommendations in such spenting, unaltered. The Ilotels not proceed with the immediate $500,000 be Ordinance. 1949,, has now been issue of the new shares but will in abeyance regard being that transferred to General Reserve, enacted our business will hence leave the matter
to placed the forth be governed by its pro- until some future date.
difficulty is but no Reserve visions. Depreciation
$500,000, be
Special
the remaining
and
to its
balance envisaged in confortresse
of $1,903,800.42 be disposed of by requirements, in fiet
tho
RE-ELECTIONS
owner.
Crown
the
Maitre Nordmana told
like Mr Kravchenko, often finished up in the Fascist camp. court that anti-Soviet writers,
One of the first translations of
US Leading Maritime
Nation
London, Mar. 22.The United
and molorship
"I chose Free-world's steam Mr Kravchenko's best-selling States, with 33.5 percent of the mitoblography, dom," in which he described his tonnage, maintains her newly-
in Spain, the ing maritime nation. was published experiences as a Soviet oficial, wen place as the world's lead- defence Counsel said.
shown by figures published today in the appendix He said he wanted to point to Lloyd's Register for 1948-49.
It was the Crawn's case, said Mr Heenan, that the accused two robbers who On the proposal of Major C. were the W. L. Way, seconded by Mr T. boarded the junk and remained had been
De paying a dividend and bonus of the Ordinance makes clear cer. G. Bray held, Mr D., C. Davis on it after the rice
of The Dust and $1.50 per share Involving $1,-tain ambiguities
har was re-elected a Director.
transferred. Further, although $203.097.02 there should be a more 790,000.50, leaving
On the proposal of Mr E. Grant these incidents took place near relationship
territory, the to be carried forward to the armonious
Smith, between future
Government.
seconded by Mr C. C. Chinese evidence to show out the kind of "treedom" Mr Messrs. Percy Smith & count for 1940.
Hotel Manage-Blake,
would crative parts of the Kravchenko bad chosen-a kind The Dalance Sheet before you Residents and
Co. were reappointed auditors at that all
matter took place either at sen has been drawn up mulynments-
remuneration of $10,000. 4 conformity with the provisions CAPITAL CONVERTED Present at the meeting were: or below high water line, and Lo further it was the Crown's case Man-kam With regard to our subsidiary the Hon Sir
Ho that
Bay Robert necessary legis (Chairman) Sir
the waters of Mirs Company, the
high water line lative sanction was obtained fur
Kadoorie below Tung, Dir the conversion of its Capital Into
(representing Mr L. Kadoorie) Hongkong territorial waters and und Ac- Bungkong Currency,
C. Davis, Mr H. H. Cle-that the junk was originally in Mr D. C. Its position al FIXED ASSETS
counts showing
Mr A. ferred in Hongkong waters. There are several aspects of June 30, 1947, are annexed to land (Directors), Mr F. C. Barry tercepted and the rice
(Managing Director),
The trial is proceeding. these 1 before you and which require
Sommerfelt (Secretary) and the elucidation on my part and the venture to say are quite satis following shareholders: Major C. primary onc Company's Fixed Assets.
Act. 1940.i of The Companies now law in the United Kingdom course of the and which in will, no doubt. be foll,wed in Hongkong.
this nccount
hose
Ac
Horace Mr
in relation to the factory. That Company, at its W. L. Way, Messrs E. Grant
Last Annual Meeting held un Smith,
Ezra Abraham, F. R.
At the two previous Ordinary, June, 16, 1948, declared u divi-Zimmern. T. H. G. Brayfield, J. Yearly Meetings of this Com- dend of HK$10,-per share and S. Nolasco da Silva, ir. T. B.
shareholders submitted this Company's
C. C. Blake, S. Hap proportion pany,
10 re- thereof is shown
In its Pront den Ross, E. 1. P. White, A. R. suggestions in relation
Ellis, A. Hillly, 1. E. Roberts, Assets and and Loss Account. valuation of these also the treatment of Rehabilita- I would remind you, however, p. A. Roberts. Kok Sang Wu, C.
matters
was the first time the N. Kon. II. S. Yung, Li Shiu- Lion Expenses.. These
paid a dividend have received your Board's subsidiary bad curnest reconsideration and fur-ince 1910, which factor influen-hung and Yen Su-king. ther expert advice has been eed the dividend recommended
that this
oblulned thereon, the
and 1 is extremely unlikely any lengthy review, opinion, after
hith return will again! such a that the Bgure of $1,102,- | tin being
possible. That Company's 055.- which appeared as Accounts for the year to June.
Ac- 30, 1948, are now complete and
"Rehabilitation Suspense
count" in the Balance Sheet for
for it should be possible to hold its 1947, could properly be capl-next Annual talised, and this sum in edition
future. near
to timilar expenditure incurred with the llotel
in the past year has accordingly
been so, treated.
to
Court Order
Restrains
Mr Calwell
were
trans-
Ti
is
total
Her rise to the top has been that gave no freedom of educa- meteoric. In 1901 her per- centage was 4.2 and as late as 1039 it was only 13 percent. tion for-a-Negro-singer's son...
most Brilain
the next 19 Maitre Nordmann quoted a warning which he said had been powerful sea nation today, with
the German-born 22.4
of the percent author, Thomas Mann, now un
tonnage, given
citizen. agains!
her are Norway American
Following "spiritual intolerance" and at- tocks on democratic liberties in (5.3 percent). France (3.5 per- Holland (3.4 per- the United
Mr cent) and States, which Mann was alleged to have said cent). reminded him of the period in just before Hiller
Want Germany
2,800 Want
came to power.
The gures show that, com- there has with pared
1930. been a net increase in total The Counsel said Mr tonnage for the world by 11- Countries show- Kravchenko's book had been 034,520 tons. distributed free in many coun- ing notable increases since be-
of tries: Members Parliament fore the war are:. received coples and some French
obtalued manufacturers
for edition abridged 22.-About employees.
have
To Stay British
London, Mar. 2,800 citizens of Eire
United States. Panama, an Hussia, Canada, China Sweden, their Argentina, Spain and Honduras.
-Reuter.
Turning to the defence allega- given notice to the Home Se- cretary, Mr James Chuler Ede,tions that Mr Kravchenko was a that they wish to remain Bri- United States
secret service
tish subjects after Eire leaves agent, Maitre Nordmann sald OUTWARD MAILS
Commonwealth,
the plaintiff had enjoyed special Lord the
from the United protection the
Viscount Jawitt, States Government while travel- Chancellor, Meeting in the
of Communications
Lords today. told the House
He added that the claim to ling with false papers. Peiping have
Mr Kravchenko, who had not of main-
remain a British subject could been possible
the but tenance
apart from
22.The be made at any future date in attended the trial last week.or Mar, Melbourne,
of the Elccann yesterday, was besieged by auto- A# 21 result
depreciation wetesine nevs that the property
of Australia today the lifetime
graph hunters, mostly fashion- charges to wh
to which earlier drew is safe one can only conjecture High Court
Until he does so, unless of ably dressed women, during the Immigration U attention have naturally been ins to its business prospects in granted an interim infunction cllizen concerned.
the restraining subject to increase when come the current year.
Catwell, course he is a British subject afternoon session. They offered Mr Arthur pared with 1947. Further, i!! An Announcement was made loMinister,
couple of weeks ago from taking action to repatriate under one of the other provi- copies of "1 Chase Freedom" or was considered desirable that the Press
this Li
Judgment will probably be two Melbourne Chinese, ordered sions of the British Nationality court passes for his signature.
Act, he is regarded the Land in the Colony of at your Board's intention
a citizen of Elre, given in a week or a fortnight. Hongkong on which the Com-issue. the balance of the Comto leave Australia.
Capital by These were the Hrst repatria-country as pany's main properties stood pany's Authorised should be revalued and this hans offering such shares to share-tion orders to be contested since and not an alien." Lord Jowili-Reuter.
Legislation would be intro- been given effect to as disclosed holders in the proportion of one the High Court upheld last week said.
Fixed new share
four the appeal of Mrs Annie O'keefe, the Schedule of
position of Elre citizens in Bri- appended to
Ac-
to shareholders order. counts now before you. I feel ones held. The offer will be an Indonesian, against another duced soon to deal with
Mr Calwell todny reasserted lain. he said.
He added that he understood. cerlaiti
that, Shareholders will soon us possible after this meet-
of placing before
the Eire Government Intended endorse
our view that the re- Ing and the amount of $7.50, the his intention
of the shares, the Cabinet amendments to the to bring the Republic of Ire- full face value conservative.
the valuation
bulking
will become payable on accep- Immigration Act, which would land Act-which As to
Crown-into place beyond dispute the Gov link their contents, it was felt that for
purposes Balance Sheet
on
Asia
our
your
the
or
conveyed
and
tance.
quirements
for every
to Bir-
with
the
Bovers
the
In explanation I would point ernment's power to determine operation on April 18-Reuter, these Fixed Assets should not
1101 out
that the Company is at who should be permitted to en-
exter and remain in Austrail- with considerable be written up on the basla of faced estimated replacement
Mistrial, Demands costs, penditure in order to fulfills Reuter.
also especially
as at the present rehabilitation programme,
Counsol time
little
decided there is
been muti has stability In price levels: fur- condition the First Floor and
(Continued from Page 1) ther, due regard had to be paid Roof Garden of the Hongkong ARAB CHRISTIANS
theso ro- 10 their revenue-producing 1otel and it is felt
IN PALESTINE should
George Crockett, for U met
Then potentialities,
Capi- of further In short
Board is of by
a cali
ot Tel-Aviv, Mor. 23-Of the the defence, moved that a mis- sur than from
in trial be declared because rather
nt present 'the opinion that times are too tat
und 100.000 Arabs revenue working unsettled and prices fluctuate plus
Palestine, half are Christians and Mr Medina's facial expressions an Israeli and tone of voice. Mr Medina half are Moslems. too widely to enable the values.ecourse to overdraft facilities.
and made in the of our Fixed Assets to be re- Provision was
Minister for Religion spokes- dented that motion aniso
temarked: "I want you gentle usscared with any degree of Accounts under review for the
Iman told the Associated Press
There payment in 1949, of the New
are also about 1,000 men to understand that when exaclitude.
I'm just WAR LOSSES Year Bonus to the Chinese staff Christian Armenians, and 1,000 1 scratch my head,
and this has Christian Priests or nuns, mostly plain scratching my head. I'm The writing up of the Land of the Company values referred to resulted in already been made.. I hope you
of European origin. In the Holy not going to stop just because
he addedAssociated you make these remarks."
United Press; an accretion of $2,098,012 of will approve of this and also and, of the Press, which sum the amount of $2 agree to the payment
Radio Hongkong
R.X.T
from Monday, Commencing March 21, the outward air mail to United Kingdom will be closed on Mondays and Thursdays at Cro
longbon 4.20 p.m., and GPO
5 p.m. (Registered mall half an hour earlier).
Unless otherwise stated, re- and parcel gistered
earlier minutes post close than the ordinary mail. If mails close before 10a.m., registered and parcel poris close at 5 p.m. on the previous day. Malls are closed at Kowloon Central Fort Once half an hour earlier than the GPG closing times.
WEDNESDAY, MARCH 21 Closing Times By Air Shanghal, Nanking, Taingiao, Swa- tow, Amoy, Tainan and Fooshow. 5,30 p.m.
Manila, Macassar, Maurtilus and South Africa via Durban, 3 p.m.
Straits. Rangoon and Calcutta, 3 Haiphong, 1 p.. Swalow, 3 p.m.
THURSDAY, MARCH 21 Closing Times By Air Bwatow and Amoy, 8.30 a.m. (reg); a.m. (ord).
Closing Timer By Sea USA, Canada, Central and South 6. Programme Summary: 0.01, 3vor
America via San Francisco (No Par- Novello and is Music with Sylvia Cecil, Olive Gilbert, Malden An- drews, John Stevens and BBC Revus cols for Canada). 3 p.m. Chorus and Orch, CT: 630, Sharp's Honolulu Hawaiians; 0.40, the Piano Peto Valderrama at (Studio): 7, World News and News P Analysis (London Relay): 7.15, New Variety With Billy Butterfeld and Els Orchestra: 7.30, London Studio Melodios, A Programme of Continu- ous Music by the Melachrimo Strings with the Michinel Krein Saxophone quarter (BDCTS): 0, "From the Edi- torials London Betay): 0.10, "i
Bhanghai, Da.m. (reg); 9.30 a.m. in the Al Variety Requer Pro-ordi gramme presented by Busan Howard Kunming. Lluchow, Amoy, Non. (Studio): 9.13. Orchestral Concertking, Tsingtao, Kwellin, Swalow and given by the Royal Marines Bands of Tainan, 3.30 p.m.
Bangoon, Calcutta, Karachi, Dah- Mg "helfast" and HMS "London", conducted by Warrant Omcer Iland rein, Alexandria (Nairobi, Johannes- Mester A Stake, LIAM-By kind burg and Marsellies via Alexandria) permission of Vice-Aigtral Bir Palome and London, (CPO) (30 p.m.j
(OPO) p.m. trick Brind, KCB, CBE (iteley from
Bangkok, Batavia, Colombo, *Syd- Nawreel (London Relay); 10.15,ney and Auckland, ♪ p.m. the China Fleet Club) 10. Stadio Weather Report: 10.15, "Ankhology" presented by Cifterd Davies (Blu- 11, Dance to Geraldo and the best of the liver chestra 11.10. Weather Report and Close · Dow
Shanglia and Japan, B p.m. Singapore, 5p.m.
Clesing Timer By Sex Bangkok, 10 8.m.
Formosa vis Keelung, 2 p.m. Tsamkong via Canton, B p.m.
At 2.30, 5.15,
KING'S 7.20 & 9.30
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Page 5Page 6