1920-04-17 — Page 10

HONGKONG, SATURDAY, APRIL 17, 1920.

CORRESPONDENCE,

OUR UNIVERSITY.

RECOGNIZED BY OXFORD AND

CAMBRIDGE.

COMPANY, MEETING

GANDE FRICE & CO LTD.

The thirteenth ordinaty meeting of Messrs. Gande Price & Co. Ltd.; was held at the Company's Office, 6, [To the Editor of the " China Mal." Queen's Road Central, this morning.]

Mr. S. C. Pank presided and there Sir, I have the honour to submit were present Hon. Mr. Lau Chu Pak, herewith copy of a Decree passed at Mr.. C. Lyson, (Directors). Mr. C. a congregation of the University of Bond. Secretary. Mesara. J. J. Blake, Oxford held on March 2. 1920. D. Rumjahn, Chow Tung Sang Oxford

PROPOSED ALLOCATION OF MINERS BY ADMIRAL LINE.

LINERS BY ADMIRAL LINE,

According to Mr. A. F. Haines, vice-president of the Pacife Steam- ship Company, the rumoured allot- ment of six of the new passenger ship-- ping board steamers. to the Admiral Chu Woon Man, Yaumacht. The Lice is now considered as # very "That the University of Hong-Chairman: Gentlemen, as it is now likely happening. Mr. Haines is in past the time for which this meeting close touch with the officials in Wash- kong be admitted to the privileges has been called, I will ask the Secreington, on account of his being the

of Stan Fit. H ̈ ̄\Sec. "VIP "on" Colonial and Indian. Universities,tary to read the notice convening

the meeting.

so far as it relates to the status and privileges of colonial Juntor students.".

The effect of this privilege, which is now being granted to the Univer sity of Hongkong is that any gradu- ate from this University may now enter the University of Oxford: with- out passing. Responsions or any other entrance examinations; and, mores over, may proceed to the Degree of B.A... Oxford, by a period of study and residence of two years at Oxford instead of three years.

Chairman said

The notice having been read the

Gentlemer, The Report and Ac counts for the year ending 1919 having been in your hands for some time, I propose, with your permission to take them as read.

author of a plan for the sale of the present shipping board vessels to pri- vase companies in such a way as to allow for instalment payments to the Government.-.

Mr. Haines stated, very recently, twenty-six of which are to be built. I believe that the new. vessels.

The nett profit. for the year under will not be ready before June. 1. "I review amounts to $32,040,57, and have inspected some of these vessels although this is a large decrease and find they are splendid craft, well on the previous year, I am confident adapted to the purposes of this trade. you wil agree with me that we "It our company gets six vessels, have had under adverse circum-it is proposed to place four of them stances a very satisfactory year. The os the Seattle to Philippines; via I further beg to enclose a copy of decrease in the profits is not due to Japan route, with a sailing every. a report issued by the Council of decreased sales, but to a much lower seventeen days and two on the route the Senate of the University of percentage of profits earned. Owingo Vladivostock direct. thence to Cambridge on the affliation of the to the very large stock which we Shanghai. Dairen, and Chientao, re- University of Hongkong. The effect carried at the end of 1918, advantage turbing the same way. This would. of this affiliation is that any graduate could not be taken of the rapid up give us a sailing every thirty days. of the University of Hongkong whoward tendency of exchange. At the has passed either in Latin or Classical same time we could not make market Fates, and must abide by the prevail. Chinese at any of the examinations in prices, as we could not hold our held at the Hongkong University may stocks and lose touch with the market. entes the University of Cambridge The balance of $5.71996. brought without taking any of the parts of the forward from credit of Profit and Loss previous examinations or any other Account for 1918 makes a total credit entrance examinations and may proof $37,760.55 which your Directors ceed to his Degree at Cambridge after period of study and residence of two years instead of three.I am, Sir. your obedient servant-

N. TEESDATE MACKINTOSH Registran April 9. 1920.

REPORTS,

|

We have four trans-continental railway lines serving Puget Sound: while San Francisco has only two, us

pointed out to Mr. J. B. Payne, the former Chairman of the Shipping Board. Our "fout fires are now. serving Japanese ships, and through Canadian ports, British ships in the recommend should be appropriated fental trade, for we have no Ameri- as shown in the report now in your cart vessels in the passenger business possession. After paying a dividend nut of Puget Sound. Americans of $1 per share. which will absorb leaving Scartle- must take passage on $18,105, they deem it, advisable to foreign ships notwithstanding, the fact further strengthen the Stock Reserve that. Ter the last your years, Seattle's Arconat ly transferring the sum of foreign commerce has been practically $15.000, thes bringing up the total wice th of San Francisco.". to $35,000. This sum together with the General Reserve of $20,000 makes a toral of $55,000 which we hope will enable us to meet any

Mr. Blake: Then I will give

Report of the Council of the Senate of the University of Cambridge or the Affiliation of the University of Hong-future competition and also place us you notice that I will make a pro- kong.

in position to face any emergency.position to the Directors of Gande The balance of $4,655.55 has been

+

March 1, 1920.

The Council of the Senate beg leave to Report to the Senate as follows :

They have received from the Regis- trar of the University of Hongkong a request for the Affiliation of that University to the University of Cam- bridge,

carried forward to this year's ac-Price that the staff gets the same count, and I sincerely trust that with bonus as last year.

this reserve at our disposal, we shall The Chairman: Your proposal be in a position to meet competition will be laid before the Board of and advance our sales during the current year. Gentlemen, in conclu. Directers later on. Today we pro sion, I beg to move a vote of thanks pose the adoption of the report and The Council have considered the to the management for the able man accounts. regulations of the University of Hong-ner in which they have los ed after

Mr. Blake I have. seconded.. kong, and they are of opinion that the our interests in the past, and I trust.

with their co-operation, we shall that: application should be granted subject have, if not better, as good results to The Chairman: I will put it to

to the conditions set forth below:

The Council accordingly recome

mend

Meeting. With these few remarke. I by myself, and seconded by Mr. place before vou.at our next Annual the meeting. It has been proposed

1. That the University of Hong adoption of the Report and State of accounts be adopted. Those lo have much pleasure in proposing the Blake, that the report and statement kong be adopted as an Institutionment of Accounts. affiliated to the University of Cam- bridge.

Director.

Mr. J. J. Blake: I have much favour kindly signify in the usual pleasure in seconding that. There is manner. Against? "Carried unan- II. That any Graduate of the only one thing, Mr. Chairman, in imously. The next business is the University of Hongkong who has. the accounts. I don't see that there re-election of Mr. Lau Pak was in accordance with the regulations has been any bonus given to the of that University. satisfied the staff which I think should be placed Examiners either in Latinor in in the accounts and I would suggest Classical Chinese in any one of the at this meeting that the same bonus in proposing that the Hon. Mr. Lau Examinations required for his De-be given to the staff as was given Chu Pak be re-elected as Director. gree be entitled to be admitted to last year. I understand Mr. Chair- the privileges of Affiliation.

P. GILES, Vice-Chancellor. W. L. MOLLISON,

H. D. ANDERSON,

T. C FITZPATRICK,

JOSEPH LARMOR, W.R. SORLEY,

A. C. SEWARD,

T. B. Wood,

R. ST. JOHN PARRY,

WALTER DURNFORD,

J. N. KEYNES,

J. R. TANNER,

H. D. HAZELTINE, -

J. H. GRAY,

H. MCLEOD INNES, H. J. EDWARDS.

HONGKONG VOLUNTEER DEFENCE

CORPS...

[To the Editor of the "China Mall,

Mr. Bond: I have much pleasure

Mr. Blake: I have much pleasure in seconding that.

man, that you are sitting in the office. and are really the director of the firm; you run the firm ably and well, The Chairman: It has been pro but still at the same time you must posed by Mr. Bond, seconded by Mr. understand that you have a staff that Blake, that Mr. Lau Chu Fak be re- is working for the interests of the

shareholders and directors and I elected Director. Those in favour think it. is only fair to the kindly signify in the usual way, staff to get a bonus for the work Against? Carried unanimously. The they have done. You take into ac next item is the confirmation of Mr. count that you have got in the Char: Lyson as Director.

tered Bank the large amount of Mr. Blake: I have much pleasure

$37,000 odd balance and out of that

I do not suppose it would cost more in proposing that the confirmation than $4,000 to give to the staff. a) or Mr. Lyson as Director be made. little bonus and I propose now The Chairman: Gentlemen,-O at this meeting that the staff the demise of our late Chairman, Mr. get the same bonus as what they got last year.

Chan Kai Ming, Mr. C. H. Lyson,

The Chairman: The question of his executor, was invited to join the bonus has been under careful con- the Board of Directors. This nomina" sideration of the Board of Directors. tion requires confirmation, but before After mature consideration it was!

decided to give the staff one month's putting it to the meeting, I wish to extra pay as bonus. We quite apstate that it is with deepest regret Sir,--The Corps having now been preciate their good service and in we have to record the death of our formed, meetings will be held at View of the sinall balance that Mr. Chan Kaiming. I am confident

have compared with the Headquarters on the undermentioned i we

thought it I am expressing your sentiments. dates for the purpose of electing Off- previous year

wise and sufficient to pay the staff when I state we deeply deplore the 'cers and N.C.OS.

we

List of enrolments in the various one month's extra pay as their bonus, loss of so valuable a bead of the

ters, and a copy has been sent to in

1

Companies are posted at Headquar- time that we bought the strek was

You see the rate of exchange at the Company. Gentlemen, I will now about two shillings per dollar and ask you to confirm the appointment dividual members of each Company..." now the rate has gone up to 5s' we of Mr. C. H. Lyson as a member of,

must provide a substantial reserve the Board.

Any member who has not received his copy can obtain one on application to Headquarters.

for depreciation in our stock. As It has been proposed by Mr. Blake directors we have the interests of the and seconded by myself that the staff and the Company at heart." appointment of Mr. Lyson to the

The following procedure will be adopted, nomination forms can be ob

Mr. Blake: Well, Mr. Chairman, That Board of Directors be confirmed. tained at Headquarters :-

is quite all right. I quite agree with Those in tayour kindly signify. The election of Officers and all you have said. At the same time Against? Carried unanimously. The N.C.Os. will be as follows:

you have a good staff in Gande next business is the re-election of Candidates must be nominated Price and why lose their services by auditors. Hon. Mr. Lau Cho Pak: by one member and seconded by not giving them the same dividend I beg to propose that Messrs. Lower another member of the unit in as last year? "You dnderstand you Bingham and Matthew be reelected. which the vacancy exists and sent have a strike on in Hongkong and I auditors at the same remuneration. to the Adjutant on or before Moram positive that if anything is as last year. day, the 3rd May. The names of taken away from your staff you are Mr., Lyson, I have much pleasura candidates will remain posted on going to lose some money from the in seconding. the Notice Board as Headquarters result. I would make a proposition, for seven lays after which if more and I am thoroughly.conversant with than one candidate for a vacancy that by giving the staff the same has been nominated, a meeting of bonus as last year you are going to the unit will be held when the can make further-profits in the forthcom

ing year. - didates will be halloted for at auch meeting

AGATZERAPSON Major

Adjutant Hongkong Volunteet Delence Corps

Hongkong, April 17 1020,

The Chairman: It has been proposed by Mr. Lau Chu Pak sud seconded by Mr. Lyson that Messrs. Lowe Bingham, and Matthews be re-elected auditors at the same re The Chairman You have to tauneration as last year. Those in give due notice if you are going to favour? Against? Carried, unani- make a motion-like this

Mr. Blake: To the Directors

mously

Gentlemen, that is all the busicess The Chairman: Yes, tothe I thank you for your attendance. Secretary.

Dividend warrants are now ready.