1924-09-22 — Page 9

MONDAY, SEPTEMBER 22, 1924.

CORRESPONDENCE.

CEMENT SHARES,

VILLA BARRED.

RETURNS TO MANILA.

[To the Editor of the China Mail.] Our Manila correspondent cables

HOME FOOTBALL.

(Reuter's Service.)'

THE CHINA MAILAO.

LONDON, September 20. Following are the results of the that Vill, the light-weight cham-matches played to-day in the first Sir am taking the liberty pion fighter of the world, is return-divisions of the English League of availing myself of space

in your valuable paper to drawing to Manila.

attention to the unjustifiable do

pression of values of and selling

of Cement shares.

As a shareholder in this Com- pany I have naturally followed the market fluctuations, and the down. ward trend of rates has caused me no little unrest.

Considering that property in the surrounding neighbourhood of the works has Cement Company's been sold at around $10, per foot, It is fair enough to assume that the property of the Cement *Company aggregating Over 1,000,000 square feet with marine rights should be worth somewhere around that figure also. Then there is the big cash balance the Company can boast of, to say. nothing of machinery, buildings and plant, and other property at Deep Water Bay and Macao. Therefore, if the Company were to close down to-morrow. - Bach share would be worth more than what they are selling for to-day,

Ho apparently, and Scottish League;

PANCHO VILLANY

But-apart-from-these tangible assets of the Company, its operations alone are sufficient to Justify much, better rates for shares than those prevailing to-day. If the Tramway Company, whose shares stand at $44. pay only an interim dividend of 75 cents per share the relative proportion of has been "barred by the New value should apply to the Cement York Boxing Commission, after Company's shares. which bear falsely claiming that he had an shares interim injured shoulder, in order to avoid 53 cts, per dividend that is speaking of about with Genaro.

results of operation only, and of

the two Companies it would seem

that the tangible assets of the

-

LAWN BOWLS.

DIVISION 1.

TR.C. v. C.S.C.C.

FOOTBALL.

LOCAL LEAGUE FIXTURES

1st Division Fixtures-Season

1924-1925.

By defeating C.SC.C. on Satur day on the home green, by 19 points Talkoo became Indisputable October 4th- Champions of the first league. Scores

PART T.R.C.

1

ENGLISH LEAGUE Arsenal... 2 Sheffield U.... o Aston Villa...... I West Ham.... Sloan Burnley 1 Leeds ... I Grimskaw Bury 6 Liverpool, Wallace Cardiff C.........0 W. Bromwich Wotherspoon. Everton ........ 2 Bolton....... 2 Huddersfield ... o Blackburn, ... 0

1 Perrie Manchester C.. 3 Newcastle, ... Notts C 0 Notts. For... o Whyte Preston..........

T Birmingham, o Drummond Sunderland ...... 4 Tottenham... 1 Ferguson

SCOTTISH LEAGUE, Aberdeen ...... 2 Cowdenbeath o McLood". Hearts 2 Airdrieonians 0 Bateman Kilmarnoci...... I Hamilton, .... 3 Russell Morton....... 3. Ayri position... 1 | Morrison Motherwell... 4 Dundee. I Raith......

i Hibernians... 3

St. Mirren ...... I Falkirk.

GLASGOW. CUPU

CS.C.C. Oswick Smith Knight

Mill

(S) 14

(S) 23

Cullip

Massey

Laing

Allen.

(5.) 35

(S.) ro

Knott

Murphy

Gregory

Grimmitt

0

(S.) 25

Total... 74

(S.) 22

Total: $5

In the semi-finals of the Glasgow Cup competition Third Lanark lost to Celtic 2-4 and The Rangers drew with Partick 0 0.

AUSTRALIAN

SHIPPING.

JAPANESE DENY RATE CUTTING.

Cement Company are the greater. COMMERCE AND FINANCE. line

Then why are these shares being

so unduly depressed? Enquiries

made at the offices of the General Managers elicit the fact that the

3

RUBBER.

(Reuter's Service)

K.B.G.C. v. K.C.C.

Playing at home, the Kowloon Bowling Green Club defeated the Kowloon Cricket Club by 34 points. Scores:

KB.G.C. 1: E. Lammert A. Chapman W. Goldenberg. H. Nish.

XC.C..

A. O. Brawn J-Hyde

R. Hall

L. Guy

(S) 14

McLaggan

Kynoch Farrell Lapsley

(S.) 14

H. Overy W. Cortiley | R. C. Hunter

Purves

Police v. R.A.

Kowloon v. Surreys,

Tamar v. Club.

China "A" v. China “B” October 11th--

R. A. v. Kowloon

China "A" y. Police. Chub v. China B.

Surrey v. "Tamar."

October 18th-

Kowloon. v. Club Police v. Surreya. *Taman v. China Ku

Ohina "B". R.A October 25th

Club v. Police

Surrey v. China “A” China "B" v. Kowloon, R.A. v. "Tamar, "1 November 1st?

Kowloon v. "Tamar, Police v. Ching “B." R. A. v. Chins Club v. Surreys.. November 8th:-

Surreys v. B.A China "A" v. Club. Kowloon v. Police. China "B" y. Tamar. November 11th:-

Navy and Army v. Rest of

Lengua.

(S.) 24 November 18th-

Kowloon v. China "X.* Club v. R.A. Police v. "Tamar." Burreys v. China "B."

(S.) 33 November 22nd:-

SYDNEY, September 20. Referring to the allegation made

Australian Government shipping by the London manager of the line regarding the competition of W. Buckberrough J. Greig, Japanese shipping In the C. J. Tacchi D. Harvey Australian wool carrying trade, J. Gibson W. Macfarlane the local agent of the Japanese. A. G. Pile W. Russell'

danies

He rate curting. asserts that Japanese competition is no more objectionable than any other foreign competition for wool | cargoes. Other companies suggest

freights, they will possibly make the loss by increasing, meat freights, for which Japanese ships are unsultable owing to the lack of cold storage.

shares are worth at least $25., to↑ (From Our Own Correspondent.) that if forced to reduced wool say nothing of the prospects of the

It is Company

true that the

SINGAPORE, September 19 Directors. when declaring the interim dividend, "said they could At the rubber auction held here not guarantee that the final to-day, prices were higher than dividend would be the same as last they have been for the past six year's, as business was not so good, months. but what Board of Directors of any company is asked or expected to guarantee what the dividend shall be. Business in cement may not be so good to-day as it has been, and may continue bad for some Malayan opinion favours reten- time to come, but no one will deny tion of the present restriction that the demand for cement is orders, but the matter is a difficult ever present, and if the demand one, unless the Dutch planting has eased off somewhat, it is interests will join in.

simply because the operations or constructions in which cement is being used are temporarily de- layed. The Building Ordinance of this Colony has operated against the demand for cement in that it disallowed the rebuilding of old houses a necessity under the cir cumstances against which no onë: can complain--but this Ordinance will not remain in force forever. The troubles in Canton and South -China generally have also decreas

ed the demand for Cement, but as soon as these troubles are over the huge construction works conter- plated will be begun. Then, what with the demand required for local development and work in South China generally, the demand for cement will be greater than ever, and then the Green Island Cement Company should reap its harvest, as by then it will have "been fully equipped with its new 'kilns which turn out a greater pro- duction at a lesser cost, thereby eliminating the danger of com- petition of imported cement which is, according to analysis, inferior to the Green Island Cement Com. pany's.

There is considerable controversy between Malaya and Ceylon with regard to frestriction of output. which Ceylon is in favour of abandoning;

be invited to rejoin the

Board,

* Resolved that the new Issue of shares be bought back at rate of issue, or as may be - advisable.

Total

(S.) 15

43.

.. Totál

(S.) 20

---77

DIVISION. IL

IR.C. y. T.RCH Playing on their own green on Saturday the LR.C. defeated. Taikoo by 5 points.

L.R.C.

Hussain

TRC. Muirhead

THE LEAGUE.

CHINA'S CLAIM.

(Reuter's Service.)

Sufflad

McKechnie

Harteam

McCubbin

Iemail

Sloan

(S.) ...14.

(S.)...29

Espina Hyder

Dianen

Crichton

Rum jahn

O'Brien

Omar

Laing.

(S.) 27

(S.) 12

Young Matthews Welr Grimes

(S.) 21

Total... 62

(S.) 16

GENEVA, September 20.

In pursuance of the resolution of E. L. Arculli the Chinese House of Represen-Madar tatives, the Chinese Government Ram has telegraphed from Peking to the

D. Rumjahn Chinese delegation of the League Instructing it to press for the re- election of China to a seat on the Council of the League. ft points out that of six non-permanent seats thereon, four go to Europe, two to South America and none to Asia,

3. Resolved that the Cash Parliament has further, decided

Balance should

now be

lying idle that China will withdraw from the used in the League If not re-elected. redemption of shares, pro- Mr. Arthur Henderson states that vided such shares are below the Disarmament Conference has value, taking prevalling been convened until June 15 next. market values of property He says that any State not a etc. as a basis, the reduction member of the League can sign of Capital shares being the the Protocol. essence thereof.

4. Resolved that the Board of Directors at any time be empowered to redeem, out of the funds of the. Com pany, any such shares that are offering at a figure reasonable in the judgment of the Directors, even though such purchase may mean the non-payment of a dividend, the reduction of Capital shares being the essence thereof,

SCHNEIDER CUP.

BRITISH PLANE HAS MISHAP.

(Heater's Service.)

LONDON, September 20. The question of sending a British seaplane to participate in the race

The only conclusion, therefore, that one can come to is that the depression of the value of Cement: shares is due to brokers and others who resigned early this year is but may have to be reconsidered

An invitation to those gentlemen for the Schneider cup at Baltimore

Total... 57

K.C.C. v. K.B.G.C. Playing on their own ground the Kowloon Cricket Club were defeated by the Kowloos Bowling Green by 25 points. Scores:

*K.C.C.

E. Hoather J. M. Jack V. C. Labrum A. W. E. David

(S.) I-

Son

F. Robson

J. Howe

J. Fraser

K.B.G.C.

H. Pearman W. S. Cuf

C. Hatt B. Wylie

(S.) 38

(S.) 20

D. Hazel D. S. Warren R. Hunter P. W. Ramsey W. McKay

· (S.) 21 L. Jack

W. Smith W. Hyde R. Johnstone F. G. Herridge A. Morley J. P. Robinson D. Muir

(S.) 22

Lai Wah Cup semi-final November 29th:

B.A. v. Police.

Surreys v. Kowloon: Club . "Tamar. Cline "A" v. China December 6th:-----

Kowloon v. R.A. Police v. China "A" China "B" v. Club.' "Tamar" v. Surreys. December 13th:---

Club v. Kowloon.. Surreya y, Folice.

Chins "A v. "Tamar. R.A. v. Chine ".". December 20th:--

Police v. Club.

China "A" v. Surreys, Kowloon v. China "B. "Tumar". R.A. December. 26th:

International Charity Cup, December 27th:-

Tamar" v. Kowloon. China "B" v. Police. China Av, R.A. Club v. Surreys. January 1st:

Vacant. January 3rd:

R.A. v. Surreys. Club v. China "A". Police v. Kowloon, "Tamar" v. China "B:" January 10th:-

Interport Trial. January 17th:-

Li Wali Cup semi-final. January 24th:-

Shield Competition. January 31st:-

Interport Trial. February 7th-

Chino "A" v. Kowloon," R.A. v. Club.

"Tamar" v. Police.

China B v. Surreys.

February 14th:-:

Shield Competition.

February 21st:

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CALL AT OUR OFFICE FOR A DEMONSTRATION.'

HOLYOAK, MASSEY & CO., LTD. Agents for Hongkong & S. Chisa.

AND AT

The China Light & Power Co's. Showrooms,

88, Mathan Road, Kowloon,

V. R. "C.

FINAL NIGHT FETE.

D. LYON IN FORM,

FOOTBALL.

POLICE DEFEATED BY CLUB.

On the Club ground on Sa The fifth and final night fête of turday, the H.K.F.C. met the the season was held at the Victoria | Police in a "friendly" match and Recreation Club swimming bath

won by 4 goals to pil.

+

on Saturday night. There was a Evelyn netted within a minute smaller attendance than usual, but of the kick-off, W. Stewart 'some excellent. sport was witness- notched the secoud with a shot ed, Mr. D. Lyon being fa especiaj, which had the Police custodian ly good form.

beaten all the way, giving the Club a 2nil lead at half time. Evelyn put on the third goal with a cross shot and the fourth was added not long afterwards. ···

Tearos:

In the back-stroke 100 yards (Open) J. Johnstone created a new record for the bath, by winning is 78 1/5/800.

An

As will be seen below, there was a dead-heat in the 100 yards handicap for ladies and in the men's 100 yards, the Judges failed to separate Ramsay and Razaret for second place.

The team race was won by inches only. A scratch game of polo brought the programme to a close.

At the conclusion” of the aquatic events, Colonel Robertson dis- tributed the prizes. Before doing so, he complimented the management and competitors on the success of the fête.

up, dancing was

To wind Indulged in to the strains of the Columbia Jazz Band.

Results follow!----

100 YARDS HANDICAP MEMBERS

AGGREGATE.

(1) D. Lyon,

Club.-G._Rodger; Gerrard and Buxton; Mair, J. Stewart and Hill; W. Stewart, Forsyth, Howard, Evelyn and Key. Be

Police Peterson; Wynne and McWalter; E. A. Post, Forbes and Foun; Brittain, Hargreaves, John son, E. G. Post and Simpson,

Referee: Mr. Smith.

Montague-Bates Cup. The final of the Surreys football competition in connection with the Montague-Bates" Platoon Cup will be played in the Murray Barracks ground to-morrow, kick- off 5 p.m.

The finalists are:--Right Section. M. G. P., v. Drums and Signallers

(2) J. V.Ramsay and G...100 YARDS HANDICAP.—(Boys),

Razavet.

Dead heat for second.

Time: 59sec.

(1) R. G. Witchell.

(3) T. Neave.

Time: 1.16

Charity Cup 100 YARDS HANDICAP.—(Ladies). | LADIES' LONG PLUNGE.

Lai Wah Cup--Final!

February 28th:

International

(S.) zt

. Competition, «

www

March 7th:-

Total ......54

Total

79

March 14th:-

Shield Competition.

K.D.R.C. v, R.H.K.Y.C." Playing at home, the Kowloon

March 21st:-

International Charity Cup.

selling short on the market--or in due to them, as they have ably owing to an accident to the Air Docks Recreation Club defeated March 28th- other words, selling, something helped in directing the affairs of Ministry's high-speed research the Royal Hongkong Yacht Club they have not got, for forward the Company and have helped its seaplane built by the Gloucester -delivery, hoping to cover at lower growth to what it is to-day. Their shire Aircraft and fitted with a by 91 points to 29. rates between the time they sell resignation, in the first place, was Napier-lion engine on the pre- and the time they have to delivers significant of their disapproval liminary trial. After a promising to increase the flight the seaplane sank in, the But these people are not without unnecessarily

"WHEN I WAS A GIRL" English Woman in Americs, Talks of Her Youth for the Guidance of Girls

LEAGUE TABLES.

DIVISION. I.

L. P.

I 16

3 14

6 4 13 4 5 37

P., W. Talkoo R.C... Craigengower C.C...10 7 Civil Service C.C.10 Kowloon C.C....... 9. Kowloon B.G.C; 4.10

I Police R.C...........10

SHOTS FOR AND AGAINST.

their resources In case the market capital of the Company and over harbour owing to the apparent should be against them at the burden it, and in so refusing to failure of thounder carriage. The

themselves with a pilot was rescued. time they have to deliver They associate are usually carrying shares for scheme, which they, with their weak holders and use them broader vision, saw was not to the ad lib. as they may want to to best interests of the Company. It break the market if they choose or may be mentioned here that the to serve their own end. In the scheme to increase the capital of present instance, to move Cement the Company was fathered by the

of To-day. -shares downwards they quote the brokers to provide a reason to

**When I was a girl", says Mrs. Mary name of a very reverend gentle. boost the shares to an inflated

A. Stevens, of No. 60, Karolay street, man as having said the shares are for that they could unload Lowell, Mass., my blood was thin ad note worth $15, but with their holdings.

was very nervous. I wie living

Taikoo R.C.. warrant one has still to find out Beyond this no further comment England then and I had to stop going to splendid article dealing

necessary. Suffice it to say school. My trouble was pronounced C.C.C

dance,

¡CS.C.C. the methods of these people that a united stand must be made anemis and 30. Vitam

"I was forever twitching with nervous Kowloon C.C. "be found in the "Sunday Herald" by the shareholders of the

of August 17 and well worth Company, even to the extent of uses and could not eit still five minutes Kowloon B.G.C.566 $60 engaging legal aid to redraft the time. My sleep was disturbed and way Police RC. 523 664 while reading

stomach was upset all the time.. Lyme ba Wherein, then, can we find the and/or to obtain whatever sanctions that I als agreed with me. Part of the Kowloon DRC

Company's Articles if necessary, red, had nervous headaches and nothing remedy? It would be futile to) expect any relief from the Legis of the Court may be necessary to time I was confined to bel lature, and the remedy, if any is make possible the carrying out of My mother finally gave me Dr. Wil Talkoo R. C. to be fomnikist all, fe in hands of the shareholders'

the shareholders.

Up

582.435 147 58; 527 594 592 567

Down.

·TIVISION·IL

P. W. L Pts.

8 6 2

12

8 53 7 4

wishes in Lams Plak Fille. The first improvement Kowicon B.G.C respect to resolutions as outlined as in my appetite. Than sa my blood Indian R.C. 8... Above G

| besesma richer, I gained da selectam kod Kowloon U. C... Pek did not "distrom and the beron R.H.K. Yacht Club & 2 6 I would, therefore, suggest that

Will not some shareholder with switching was gradually relieved and the shareholders get together to discuss ways and means of more ability than I have come anally to her romans was way onSHOTS FOR AND AGAINST, counteracing the effect of the forward and take up the cudgele thesly, hayo bad bot little, opesalon

hart selling and Jobbing, and on behalf of the other shareholders to use Dr. Williams Pink Pills slooo but Was this undue depression of and do the needful in connection when I do they always fnp me? Avg

Your values, and to that end a meeting with the convening of the pros Dr. Willams Pink PIL are sold by. Kowloon De corrazed at which resolutions liminary meeting.

alou the following lines be con

sidered and framed det

Resolved that the Directors

Your" ste

who waigned early this year! Hongkong, September

rift or will be sent by

R.C

mais post, Irony 1:30 per both OBLO

Talkoo

BGCM

day for free Books paythe Kowloon G341 618 RE KY CA396 374

April 4th:-.

Winners v Rest of Longue April-ith;

(1) Misses M. Blunsdon and G.

Ramsay,

Dead beat for first. Time: 83.3/5sec. SO`YARDS OPEN.

(1) D. Lyon

(2) G. Razavet.. Time: 25.4/560c

100 YARDS OPEN(Back Stroke),

(1) J. Johnstone.

(2) Leung Tit-sang. Time: 78.1/5sec, (Record).

(1) Miss Allen 41ft. gin.

(2) Miss Hing 37ft, 4in.

100 YARDS OPEN-(Breast).

י

(1) J. A. Kent..

(a) Leung Ti sáng.

Time: Imin. 25 2/5sec..

100 YARDS HANDICAP (Ghris).

(1) Miss E. Allen.

) Miss M. George:

Time: Imin. 27 2/5sec.

50 YARDS TRAM RACE.

Won by Lyon's team.

SHIPBUILDERS,

SHIP REPAIRERS, BOILER, MAKERS. FORGE MASTERS, OXY-ACETYLENE, AND ELFOTRIO WELDERS, MECHANICAL AND ELECTRICAL

ENGINEERS,

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONGKONG LIMITED.

-DRY DOCK-

*Length 767: Fest Length on Blocks 750 Feet

Depth on Centre of

THREE SLIPWAYS

rafting,