1924-03-20 — Page 5

THURSDAY` MARCH · 20, 1994.

COMPANY MEETING HONGKONG AND WHAMPOA DOCK CO.

GOOD RETURN FOR THE SHAREHOLDERS.

The progress and prospects of

a large margin for depreciation. All your plant, buildings, loose tools and floating plant, even the most modern, will then stand at a much written down value in your books.

1

THE CHINA MAIL.

MACAO'S PROGRESS.

RACECOURSE PROMISED

SHORTLY.

The ships we constructed dur- CHINESE GEANTED · LEASE. ing the year, have given every satisfaction to their respective

Two Shanghai Chinese, who

JAPANESE EARTHQUAKE a small commitment of $370 to Blahop Heaslett-money collected Sn. Hongkong for church purposes HONGKONG'S RELIEF FUND. Ftowards reconstruction of churbes

SOME DESERVING TRIBUTES,

the future 'expansion of the Homeowners, and although the margin petitioned the Macao Government Commerce: Room, Chartered Bank foreign needs I mean: Chinese,

were

of.

an

kong and Whampoa Dock Co., Ltd.,

subjects optimistic speech made by Mr. D: G. M. Bernard who presided at

of profit on them was very small, they kept our skilled men en ployed, and our name as ship builders before the ship-owning

the ordinary yearly meeting held public, which is about as much 48 (suburbs of Macao), says the H Holyoak, and Mr.-NL-Fund-I-have-received from japan |

at Queen's Buildings, this morn-

one can expect these days.

and similar bulldings in Japan. As to the balance then remaining, we might ask the Kobe. Relief Com- mittee whether we should send it i A meeting of the Japanese to them with a request that it be Earthquake Disaster Relief Con- about equally divided between mitter was held at the Chamber of Japanese and foreign preds.” By last year, have been granted per- Building, on Monday. There were British, American,any nationality

other than Japanese. Timay mission to construct a race-course present

Mr. G. T. Edkins (Chairman), mark that the Japanese themselves at Wong Ha and Tong Ka gardens Hon. Mr. A. G. Stephen. Hon. Mr. i have heen handling a wonderful

Tsun Wan Yat Po."

Watson (representing the Hong- a very interesting statement of A new block of houses is in

kong General Chamber of Com accounts which shows that Japan A lease has been granted for merco) Hon. Me R H Kotewall, received contributions in various ing. Supporting the Chairman course of construction for the were Sir Paul Chater, Mr. JP foreign staff at Kowleen, and thirty years with a deposit of Hon. Mr. Chow Shou-son, Mr. Ho forms amounting to 85, million Warren, Mr. H. P. White (Direc.when two other blocks have been $10,000. The course must be Kwong, Mr. Li Po-kwal, and, Mr. yen, and the following is a tors), Mr. R. M. Dyer (Chief erected, they will all be very well completed within a year and a Wong Ping-sun fropresenting the statement of the manner in which half of the date when the agree-Chinese Chamber of Commerce some of this money, has been Manager) and Mr. E. L. Hosie

ment is signed. Races for ponies and the Tung Wah Hospital); Mr. dispensed; (Secretary).

must be ran not less than one aT. Nishiyama, Mr. Y. Tsutsumi, month. Should the course not be and Mr. I. Kawaguchi (represent ready by the date agreed upon, Mr. D. K. Blair and Mr. M. F. Key Food ............

ing the Japanese Community);: deposit money will be forfleted.

Secretary and Assistant Secretary. Clothing Another provisa mentioned is

respectively, to the Relief Com Wood and charcoal... sufficient, adjoining lots will be attended. resumed at the rate of $4 per "mutt" (metre?)

Shareholders present were The Hon. Mr. A. O. Lang, the Hon. Mr. Chau Siu-ki, Messrs, T. E Penree, F. M. Ellis, Kelly Snyce, E. M. Raymond, P. Tester, E.

housed indeed.

The Chief Manager.", We are extremely fortunate in our Chief Manager, having, as Mr. R. M. Dyer. Since he took charge of the Company there has.

NATURE OF RELIEF AND COSTS THEREOF

Abraham, G. W. Sewell, Ng Shiu. been steady progress, and it is that if the land allotted is notmittee), Mr. N. S. Brown also Text books and school

sau and I. S. Perry.

The Chairman's Speech.

In his speech, Air. Bernard

TAI LEE "PIRACY.

CORONIAL INQUIRY

RESUMES.

The Chairman said: Gentlemen, some time has elapsed since our last meeting when we deferred further grants of money or kind until we could learn more of the needs arising in Japan during the winter, A stage has now been roached when it seems clear that we can close up the fund without the likelilord any new claim aris- Hing, other than we can provide for

at this meeding.

supplies for children Public baths........................ Medical services......... Markets die meurais Barracks for poor ...... Creches, etc............... Relief of foreign

sufferers

**

.Y. 5,500,000 5,000,000 1,000,000

300,000 636,000 2,793,600

221,000

2,606,000

1,500,000

100,000

due to his foresight, ability and energy that the organization has been brought up to the present state of efficiency, which enables said:-

The final dividend of five dollars it to compete in quality of work- per share which we recommend, manship and price, with any dock- along with the interim dividend yard in the world. He is support- of four dollars paid to you lasted by an able European staff, and I cannot close without a word of October, makes for the year 1923,

Additional supplies of thanks to him and them for their

food and clothing - 8,566,000 a distribution to shareholders of eighteen per cent, on the ordinary achievement in producing such

(This with other smaller items a satisfactory statement, of

makes a total of V, 19.126,4321) share capital of the Company,

The position of accounts now It is stated that Y. 52 millions which I trust you will consider accounts. during a very severe period of stagnation in the ship- satisfactory.

outstanding is that we have about was raised in Japan and Y. 33 $115,000 hand after having millions abroad." I need not remind you of the building industry. With continued state of extreme de organization and staff, gentlemen,

dispensed in various ways over I do not think we can do better $211,000 for Japanese relief; than ask the Kobe Relief, Fund to pression which still prevades the we can look forward to the future

$35,000 for foreign relief; $11,000 deal withlour balance, seeing that whole rentra. of everything per- with confidence, and I can only

CHIEF ENGINEER'S STORY.

for Chinese relief; $18,000 for we have rio immediate calls taining to shipbuilding and hope that the progressive policy

Mr. Brown.is here to answer any Replying to Mr. G. K. Hall British relief; Yen 10,000 for the that is being adopted, is in engineering, and I venture to say that shareholders of this Com- accordance with the wishes of Brutton, who is appearing on be- "Namsang" charter and an exquestions with regard to, the "Tai

shareholders.

half of the China Coast, Officers penditure of $8,000 for general Wayfoong" he has been to Japan and seen it at work and heard ex pany are to be congratulated or

With these few remarks, I beg Guild and the Marine Engineers' expenses.

pressions of appreciation, of the the possession of a property; | which for the year 1923, gives to propose the adoption of the Guild of China, Mr. Thomas them such a good return. A re-reports and, accounts, and after Fletcher, formerly, Chief Officer

life on hond the phon ference to the balance sheet of they have been seconded, I shall of the "Tai Lee" said the pilot any of our contemporaries either be glad to answer to the best of was giving orders to the quarter at home or abroad for the same my ability, any question that

shareholders may desire to ask. period, will bear me out.

This result has only been attained by the most "careful management. combined with the

perty consists to-day.

our

Hon. Mr. Lang's Support. In seconding the adoption, the Hon. Mr. A. O. Lang said:

heart.

In

The coronial inquiry by Mr. R. E, Lindsell and jury concerning the death of the late Captain J. Willox who was killed in a piratical attack made on his ship last the January, was resumed at Magistracy this afternoon.

+

master at the wheel,

Mr. Hall Brutton: Who was giving orders to the pilot?

Witness: I could not say. Mr. Hall Brutton: Do you mean to say you had not the curiosity to see who was in the wheelhouse? Witness: 1had no curiosity. I had been told to sit down or would be shot and the woodwork was two feet above my head. I heard the voice of the boatswain

atintervals.

I think we should render here a tribute to the untiring energies of Mr. Blair and Mr. Key in adminis tering the fund efficiently and do ing everything that could be done to despatch relief as fast as it was called for. (Applause.)

In the distribution of funds we have had the guidance of an Advi sory Committee in Japan to whom whom.

our

The Hon. Mr. Holyoak: I sug

The Chairman thought that the Committee's appreciation of the good work of the Hongkong and Shanghat Banking Corporation in placing the "Tal Wayfoong". at the disposal of the community in be recorded. Lapan should

(Applause.)

The Chairman, also suggested

gest that the deficit on the "Tai Wayfoong" be met from our funds, and that after the liability to Bishop Heaslett has been met, the balance be transferred to the Kobe Fund, to be used in the proportion: you, have suggested, thanks are due that is to say, equally between I am sure that we all have policy your Directors have adopt listened with the greatest interest

for their assistance. Our Japanese Japanese and nationalities, other ed for the past considerable num-

their advice and The Hon. Mr. Kote wall seconded ber of years, of consistently ex- to the Chairman's speech and to

friends also have always been than Japanese. panding, developing and writing his very clear outline of our past

ready with down the Company's properties, and future activities, indicating

they also collected funds which the motion which was carried un- bution to the General Relief Fund, installing the most modern and as it does the consistent policy of

formed a very substantial contrl animously. Witness added that after the Our Chinese members of Com up-to-date machinery driven by expansion and progression which electric power, to take the place our Board have adopted in the pirates had left it was discovered mittee and their collaborators that ten of the ship's crew, were gave us assistance which we could of obsolete steam driven plant, management of our affairs.

not have managed without, and pulling down old buildings which endorsing this policy I am con- missing

fident that I voice the sentiments Mr. John Dwyer, Chief Engineer am sure a great many Chinese required a great deal spent of all shareholders, who have the of the Tai Lee, was the next have carried away with the them for upkeep, and replacing well-being of our Company at witness called. He said that on gratitude for the close personal them with the very fine structures

the night in question he went to attention they rendered to the of steel and reinforced concrate, Suitable shipbuilding and re- and fro up to midnight between retugees as they arrived in the that, supposing the Kobe Rellef Fund was being closed in the of which practically all your pre-pairing facilities are a vital re- his room and the engine room and Colony.

Since we last met we have had immediate future, then this Com quirement to this Colony, and the on each occasion, the main deck More Money To Be Spent. At the same time I warn you efforts of our Board to continually Krill had to be unlocked by the no requests for assistance, but we mittee might appoint a sub-com- guard. The engine room grili have had. before usi more parti-mittee in Japan drawn from the that a great deal of money re-improve our establishments to was not locked, the difficulty cularly, the work of the Tai Hongkong and Shanghai Banking man had to Wayfoong" which has been Corporation, the Chartered Bank quires still to be spent, before cope with its ever growing needs, there being that a we are quite satisfied that few is further evidence not only of the pass through it periodically in operating as a relief ship thanks of India, Australia and Ching, and foresight, but of the public spirit-order to oil up the steering gear. to the enterprise of the Hon. Mr. Messrs. Jardine Matheson & Co.. further improvements are neces-

So At mid-night he was relieved by Stephen, and of the Hongkong Ltd, to administer the fund as a sary. This year we will have to ed policy of our Directors. consider the erection of a new long as this policy is adopted the Second Engineer and he was and Shanghai Banking Corpora- trust fund for purposes as they ship has been the arose. He had information that iron and steel foundry, capable of am sure that we will always get preparing to turn in when two tion. The producing steel castings of any reasonably good returns on our Chinese who were strangers to him means of accelerating the resump cases of need still existed it This was also agreed to with the weight required in shipbuilding. property, even when trade condi- came in. Each of the intruders tion of business, and providing Yokohama.

revolver in the other. They spoke ters than would otherwise addition, at the suggestion of the The present foundry is a very old tions are as bad as they are had a torch in one hand and a healthy and far pleasanter quar

him in Chinese

been which have

available in the Hon, Mr. Stephen, of the Mayor of building, and the plant is anti- to-day.

I would like to join with our he did not understand, and they depressing and insanitary sur Kobe, or his Deputy, as a member quated, and it is no longer a suit- able unit of our Kowloon estab Chairman in his word of thanks then motioned him to go outside. roundings of Yokohama ashore of the Sub-Committee.

has made for The Chairman expressed his lishment. The site for the new to our Chief Manager and Euro- He did so and they were joined. I am sure it one is on ground purchased two pean Staff, who have laboured by another Chinese who continued the good of the community, and thanks to the Members of the conscientiously, in our to speak to him in Chinese. He although there has been a certain Committee for their co-operation years ago, immediately behind the engine shop. This ground had to interests throughout the year beard the boatswain's voice on the amount of complaint at the costs in currying on this work in which I am glad to note that good bridge and said to him. "Ask these incurred and the charges made, on he was sure their very keen housing accommodation is being men what they want I don't the other hand, there has been sympathies had been with the

them. The boat great satisfaction and contentment sufferers,

The Hon. Mr. Holyoak: I do not The lengthening and widening provided for all of them, as good swain said:Come along here, expressed with the floating home of our No. 3 Dock at Kowloon to health and personal comfort is Chief Engineer" and, witness the Tail Wayfoong" provided. think this meeting should conclude went to the wheel house, accom-Those on the spot evidently cou without any expression of our enable it to take the ordinary

With these few remarks it gives panied by two of the pirates and, sidered it necessary to charge to high appreciation of the very modern coast steamer, will have to be undertaken at an early me much pleasure to second the at the boatswain's direction, sat the fullest possible extent for important part which you, Mri opportunity. This dock is now report and accounts as presented. down. The Chief Officer was quarters in order to do the best Chairman, have taken in connec already there. Witness heard possible to balance their accounts, tion with the collection of distribu- Mr. Sayce Asks' Questions. too small to be employed advan-: Mr. Kelly Sayce. asked how signala telegraphed to the engine and they were probably quite right tion of this fund. You have right- tageously. The levelling of the

room and answered, this contine In all the arrangements made to that ly said that the Secretaries, did a hill at the back of our Kowloon much the extension of the new uing until the anchor was let go end. The result of the working, great deal in assisting in notwithstanding, is likely to show the distribution, but we all properties, to form a site for the dock has going to cost, adding some hours later.

After the pirates had gone he a deficit of Yen 50,000 even after know that you, yourself, played proposed 1,200 feet dry dock, will that the Company had already

went to the engine room. None a donation of Yen 15,000 made by an even larger part. Members of be completed. in about twelve spent a lot of money. months time. Probably before Mr. Dyer replied that it would of the staff were missing. When Shanghai, where the value of the the Committee have done, their he was brought out of his cabin he work done by the "Tal Wayfoong" share but we owe a special debt of that time, your Directors will cost about six million dollars. have made arrangements to start Mr. Sayce enquired as to how saw Captain Willox lying on the has thus beep materially re- gratitude to you, not only for pre- cognised. NANG siding, but for the large share you Work on this dock, which is most the Company was going to pay

(Proceeding.).

We now come to the needs of took in the very onerous work of essential not only for the fur-that amount.

the present situation. Our friends administration, especially at the in Japan have been looking to.us) beginning of the period. (Ap to help to square their accounts in plause.)

be levelled, but is now about ready

to receive the new building.

80

essential.

ther prosperity of your Company, In response, the Chairman said but for the Colony of Hongkong, they hoped to pay something out (Applause.) Arrangements will of profits.and to borrow. It was be made in the meantime to cheaper to borrow, if they could, borrow the money for those in at a reasonable rate than to get provements, on the most favour more capital. able terms possible, so that the main burden of it will not fall on the shareholders,

A

Questioning this policy Mr. Sayce said it was rather a lot of money for the Company to spend, To Keep Up-to-date. He noticed, that the Company was Some of you may think us spending more than it was earn optimistic, particularly at the pre-ing. Warum ZMA sent time, in proceeding with Mr. Bernard asked Mr. Sayce if these improvements, but your he objected.

Board have now as they always Mr. Sayce and he did not have in the past history of the exactly object, but it was a ques Company, the greatest confidence tion of economy

to

understand

deck.

CONSIGNEES' NOTICES.

A

regard to the Tal. Wayfoong" The Chairman: Thank you working. We have asked them very much, Mr, Holyoak I could. to do all they can to reduce not have carried on If I had not the deficite contributions on been so efficiently assisted by Mr. the spot and I believe, they Blair and Mr. Key and Mr. Brown have done all they can, and in the practical conduct of the fill that can be expected; con- Worksheet sidering the position of affairs and the losses that have been sustained. As I have said, Shang- bai has helped with a substantial Mr. J. P. Warren's appointment contribution. This Committee ha

Cargo arrived per s...onledi maining undelivered after Mar 25 will be subject to rent.." Agents, Livingston & Co, Lti

on the Board filling the vacancy now available $115,838, and it Is

This concluded the business.

Through falling down a nullah

coolle employed at the On ctor's matshed Injured somply, and was sent to:

caused by the retirement of Mr. for, this meeting, to determine in where he was going to wash him

G, Weall, was confirmed by a what way it should be expanded. resolution proposed and Esconded I would suggest that we resu in the future of the shipbuilding The Chairman pointed out that by Mr. Abraham and Mr. So the need for clearing the den

on the Tal and ship repairing industries of any development that was carried Perry, Hongkong, and as it has been out was made with regard to the Messrs H. Fercy Smith and cogning the

heen to the proved in the past, so it will in future welfare of the dock. They AR Lowe wer the future, that it is only by keep had to keep abreast with the tors at & fee of posed by Mr. Ing thoroughly, up-to-date in times,

every particular, that we can Bope A resolution proposed by the seconded by Mr. G

econd stored the advantage when, Hon Mr. Chap 1

opportunities ariser 41 adby MEM

Tural

counts you ed Sir Paul Cha

Have again, allowed White as Dire

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