1925-03-31 — Page 1

MOUTRIE'S

HAVE

NEW RECORDS

TO-DAY

China Mail

Temperature 60 Barometer: 29,81

Rainfall 012 in umidity.

idity. 95) is

No. 19,457, 二拜鐵號一卅三年五十二百九千一类

THE DOLLAR:

To-day's opening rato - 2/3 3/16|||

Catalogues & specifications' from

Sale Agenta :

ALEX ROSS & CO. (CHINA), LTD.

To-day's closing rate' '2/3 .3′16:

STANDARD VALUES

IN

WRITING PAPER

Specially made för and obtainable only from us.

THE MARVEL" WRITING PAD. Contains to Sheets of Superfine Bank Paper, ruled feint. Full size Complete with blotting. paper"

STANDARD

VALUE 20 Cents

PRICE

THE "WRITEAWAY”. WRITING PAD

Contains 100 sheets Superfine Bank. Paper riled feint. Full Size,

STANDARD

VALUE 35 Cents

PRICE

THE MAMMOTH" WRITING PAD

21 Containing 200 sheets of Back Paper ruled feint, complete with blotter. STANDARD

VALUE 50

PRICE

Cents

THE "ORIEN TM”-

·WRITING - PAD

fee ruled glazed paper. Good weight: with blotter.

STANDARD

Complete

VALUE 75

PRICE

Cents

THE "PINNACLE" COMPENDIUM

Contains 60 sheets of fine parchment paper and 30 envelopes to White, blue or violet.

STANDARD

match.

VALUE 50 Cents

PRICE

WHITEAWAY LAIDLAW

& CO., LTD HONGKONG,

THORNTON

PICKARD RELFEX CAMERAS

ARE-FITTED WITH

F.2.5

F.3.5 F.4.5

LENSES

COURT

"LEAN" YEAR.

HONGKONG, TUESDAY, MARCH 31, 1925.

NEW SOLICITOR

日八初月三丑乙大綱 四十國民中

PRICE, $3.00 Per Month.

想 NERVES."

CHINA SUGARS HEAVY LOSSES.

TO-DAY'S MEETING.

MR. LEWIS TURNER ADMITTED

ARE

Hope For a Better Next Year.

A "lean" year and one which they would have to take along with the fat ones was how Father Robert described the workings of the China Sugar Refining Co., Ltd., for the past year at the annual meet- ing to-day at which a heavy loss was reported...

¿

Mr. 1. D. F. Beith presided over The difference between the high- the necting, supported by Sir Paul Fest and lowest prices recorded for Chater, C.M.G., Mr. J. P. White, Juvu Sugars in Hongkong during the Hon. Mr. A. O. Lang, Mr. the year was $5.40 per picul for WF. L. Shenton, Solicitor Mr.Java Whites and $5.30 per pie E. B. C. Hornell, Secretary; and for dayu Browns and as the average Mr. G. M. Show, Manager: The annual belt of air Refinery is fallowing shareholders were pre between 600,000 and 100,000 pinis Sent-Messik, J. P. Wright, Choair will be reality appreciated by you Ponin, J. Baptista, Ho Leung, what this continual fall in the price J. Fling, Choa Po-en, Chau of the Raws inens to que Company.

Sui-la, Hu Ki. „K. E. Maelst.

A. M. de Silva, M. Noronha,

A. A. Alves, E. F. Aneo, R. Birkett, F. M. Ellis, P. M. P. dis Gracu, J.F...Grope, lin Kwong, Flo Shui-kit, H. E. Hollande, A. A. (Eopiz, G. H Piercy, Father Robert, C. Savard Remedios, L. A. Tobias, and J. F. Wright,

CHAIRMAN'S SPRICE... The Chairton stil

The Teport and statement, ol accounts for the yeur niet Decem „ber 31, 1024, having been at your hands for some tine past, I will, With your permaission, take them as, rend..

W

Isis with great regret tha: have Eto.pline-kolöre you sich nur misatis

actory account for the past year, so greatly in contrast to the une pre- sented to you by my predecessor i year ago, but it affords anfy another forgible illustration of the very m certain and Beliaring are of the particular business in which the Company is engaged.

Adverse trading conditions in Claim de inaltea stewly-fall u angur ritines throughout The world' could only result in one thing, and) that was loss to Sugar Rghters- but us of you who are aged-

in a trade where it is a question of keeping your unfactures before the public, and maintaining old connections are aware; occasions will arise when you must be pre- pared to spend money to keep in the trude and prevent outsiders establishing themselves therein. "

In order to liquidate the amount at débit of Brofit and Loss Account

of $1,782,15528, after deducting

The downward trend in Raw values, as is Juvariably the rase, meneted very quickly in the Befred markets, throughout China,, and whereas sales were being made from the middle of February to the middle of March on the basis of

+

Mr. Lewis Turner was admitted as a solicitor at to-day's session of the Supreme Court. He is to be with the firm of Messrs. Johnson, Stokes and Master.

In applying on his malf Si Henry Pollock KC, sering Attorney General, mentioned that Mr. Turner was educated at King's College School, Wiable dou, had been articled in 1920 and admitted to practice in January of this year.

A formally in regard to notice to the local Law Society had not been compiled with but this was waived, His Lordship nointing our, however, that the regulations were intended to be fulfilled and at one time it looked as if there was no intention of that. He wished Mr Turner a prosperous and pleasant time here.

►

HONGKONG METHODS FAIR AMERICAN ATTORNEY'S VIEW.

"Those Wigs Must E Be Uncomfortable."

Impressive but inflicting a great herve strain on the prisoner

is the impression left upon the mind of a visiting American attorney by the Supreme Court of Hongkong.

Mr Wm Armstrong, Attorney. Having sat out this and the the Counselor at law, of Roches-admitting of a new eolicitor quite ter, New York, did not arrive ined anxious to learn more of the patiently, Mr. Armstrong appear Hongkong by the "Franconia" but working of the Court. has been here a few days in the course of a privately arranged tour. To-day, although he smi- ingly confessed to a "China Mail" reporter that it was very much in the nature of a "bugman's holi day," he thought he'd like to see how justice was administered in Hongkong. Hence his appearance behind the Press table this morn- ing, whilst Mr. Justice Gompertz read an involved judgment deal- ing with the application of local Frent law,

KÜYATONG VIBE KO, HOW TOMMY

This unusual photograph shows the inaugural stand, in front of the Capitol, Washington, Mr. Coolidge was sworn in as the President of the United States on March 4.

the figure brought forward from Shanghaie $12 per picul, seiling economical and up-to-date site His year, tie. $40,763.76), your limits from that time on had to be General Agents and Consulting gradually reduced, until in Decom- Committee recommend the follow-ber, the rate was us low as $8 3

a

for the jury?" he enquired, indi

"Are those seats up there really cating those on the left of the Chief Justice's chair. But I. thought that in every Court where British law was adminis trated, there were twelve in the Jury" It was news to him, that the number, as it has in the case Colonial legislation could modify of Hongkong to seven.

Sir Henry Pollock, K.C. and Mr. don Potter, K.C. were in Court at the time, and indieating their wigs, M. Armstrong ventured the opinion that they would-be rather uncomfortable, to wear in the gummer. On being told that His Lordship often set the example by discarding his wig if the wea- ther was particularly hot, the American attorney said he didn't wonder. "We don't have wigs in America. Neither is there any distinction made there between lawyers and barristers.".

The idea of a dock, he con- fessed, he did not like. He had a great admiration for the Eng- lish administration of justice but docks such as that in the Supreme Court of Hongkong where a man was Isolated sometimes for the greater part of the day imposed a very great strain on the prisoner. Jn America the prisoner was allowed to sit with his counsel and even conduct the case if he wished to do so.

"We sacrifice formality to speed" was his final remark and he left promising to take the tip of the reporter that if he wanted to see speed he should come to the "year a minute" Criminal Sessions or go the Magistracy any morn- ing.

DISMISSED.

RENTS LAW APPEAL

"CASE.

GOVERNOR OVERRULED.

An appeal case which had been argued by Sir Henry Pollock, K C.. now acting Attorney General, and opposed by Mr. Eldon Potter, K.C., Full Court session. was dismissed this morning at al

The case concerned properly in respect of which H.E. the Governor made an order of exemption from provisions 4 (1) (f) of the Rents. Ordinance during the currency of the notice to quit,

For the appellants it was held that whilst this notice was current no order for possession could be made. For the respondents the notice had been given it was argued. that once

notwithstanding the passing of the remained good for all purposes order in Council,

Mr. Justice Gomperti, who read the decision, said that having regard. to the 'cases: quoted The report and accounts were

he and the Chief Justice, then unanimously adopted. Sir Henry Cowper Gollan, were of Sir Paul Chater and Messrs.not be so construed as taking away the opinion that the order could

re-elected to the Consulting Com-vested.. mittee upon the proposition of Mr. Mr. Chau Siu-ki seconded by Mr. emphasised that the respondents Justice Gompertz also J. F. Wright,

were given no opportunity of being heard before the order was made against them, and section 24 of the Renta Ordinance clearly contem. Plated some enquiry before the making of the order,

into the causes of the losses of the has been under-consideration but past year. In any industry there the policy of your General Agents were fat and lean years; the on an important question of this shareholders were not expecting a ing amounts should be utilised - maca per picut have already re-nature must be governed by the glowing account but perhaps $1,000,000: from Suger Fluc-ferred, to the extremely adverse result of thorough investigation they had not anticipated such a Ination AecoUDE

trading conditions in China during of the many and varied data it is heavy loss. Happily the loss was $600,000: from Equalisation of the past year and to emphasise this necessary to obtain first.

covered by previous earnings.but Dividend Fund

point, I would mention that in $100,000:

The six new steel lighters are the sugar Buctuation account, the from Exchange August, when a sudden and quite now in commission and Fluctuation Account

are a equalisation of dividend fund for great improvement on the open account and the exchange fluctua- unprevedented demand rose and carry forward a balance of our products, business had to be en- native lighters we were dependent tion account were now almost $32,155.28. to next year's account, tirely suspended owing to and I trust this will have the up-hostilities in the North and

theupon formerly, the risk of pilfer entirely depleted by the heavy proval of shareholders.

the age having been considerably drain on them to cover the last inability of dealers to finiuuce their lessened, also damage to sugar year's losses, If the above adjustments are business owing to the financial through inclement weather. The passed by you, the Company's Re-stringency which followed the out- flats erected on the Distillery Pro- said Father Robert, to hope that It rested with the shareholders, serve Accounts will be reduced to a break of histilities. very low figure, but it is fortunate)

perty for our Chinese employees the trade of this year would be that by the adoption of a conserva been experienced from Japanese now partially occupied.

Severe competition has also have also been completed and are better. He was glad that the Chairman had mentioned in the tive policy in the past of building

the As you are aware, by up substantial reserve and at the sugar in China during.

report the possibility of removing sane time distributing to share.period under review, large con- special resolution passed

on the factory from its present pre hollers a reasonmble average divi tracts having been placed with October & last, which was subse-mises. The East Point property on which the mill was situated dend we are able to start 1925 with Chinese dealers, for forward quently confirmed at an extra- practically a cigan sheet.

delivery, which in many cases had ordinary general meeting on

was so valuable that investiga Our stocks of both raw and eventually to be liquidated at October 20, the then existing tion for some other suitable refined sugar at December 31 lower prices. It is impossible 20,000 fully paid up shares of place was certain to be welcomed 19. lave been written down to to forecast with any accuracy the $100: constituting the Company's by the shareholders.

urket values ruling at that date, possible trend of sugar values capital of $2,000,000 was divided and it is to be hoped that our last prices for the raw material have into four fully paid up shares of year's unfortunate working as improved recently and a large $25 each, "making the present erabodied all the adverse re-adjust portion of the Cuban crop has capital of the Company $2,000,- ments of values necessary and that been, marketed, and our recent 000; consist of 80,000 fully paid A. O. Lang and H. P. White were rights which had accrued and future conditions generally may be market advices from London ren up shares of $25 each.

der it impossible to foretell whe This subdivision of the shares I may add that the price at which ther there will be any less sugar was the result of a request by a our forward purchases of the raw produced in the coming year or very substantial body of share material have been effected should not and consequently, the world's holders and I do not think it is prove profitable, as it does not consumption of sugar will play an necessary for me to make any compare unifuvorably with present trend of prices..

important part in the future further allusion to this matter. market values, which are extremely

I would, however, like to re-.

On Mr. Lowe's death, Mr. J. I am glad to be able to report mark that there are still 3,742 My predecessor when addressing that there has recently been a shares in the old denomination Fleming of Messrs. Lowe, Bing- you a year ago remarked that the much better demand for our pro- which have not yet been sent in ham and Matthew was ected in raw markets were on a high level ducts in China, particularly in for sub-division, and as we are his stead. This opportunity may and although the statistical position the moro Northern Agencies and ter as soon as possible, I hope Lowe's assistance at all times in anxious to close, up the Old Regis be taken to place on record our at that time looked sound, the Refinery is at present fully that the present holders of these matters concerning our accounts keen appreciation of the late Mr. ho warned you that high engaged in filling their require shares will assist us by sending prices usually resulted in re ments. Selling limits, however, duced consumption, and that continue on a low scale but it is

www -Perey Smith has now re- the possibility of sudden changes in hoped that if the present im

tired from the firm of Messrs. our business could not be ignored, proved demand continues, prices

From that time on, the trend in will improve

I now beg to propose the adoperey Smith, Seth and Fleming SHANGHAI QUOTATIONS. tion of the report and accounts as and the accounts before you have prices of mw sugar was in a The erection of the new bollars presente and when this has been been partly audited by Messra downward direction practically was completed a few months back

Percy Smith Seth and Fleming, throughout the year, closing values and tack are work

-Vaniso_wishi” to express our thanks to Percy Smith for his services and trist dong enjoy his retire-.

life

more favourable for us.

low.

at the ertdi. of December

about the lower

as to be found in the

crease in Bostes

over the previous years such

Being in the vic

itons.

torily and we. like to be

in fuel

Iting

Insta

Dari

year)

of the Company rem

its present premises

them

possible.

at the earliest date

The Chairman said: The next business is the election of auditors for the year.

The appeal was therefore dis missed with costs.

Singapore, the ss Van Cloon reported the death of a Chinese On arrival here from Deli and

deck passenger.

The followin by Messrs.J opening quotat Market

TENNIS

SHOES

WHITE CANVAS. UPPERS WITH THE NEW CREPE RUBBER SOLES, WHICH

FLEXIBLE, FIRE GRIPPING AND ~ VERÝ DURABLE

ARE

Special Value.

$11.50

Lighter mako

$6.50

ALL SIZES IN STOCK.

TENNIS

SHIRTS.

Fine white Cotton mat cloth. Well cut and easy fitting.

$5:50.

$6:50

MACKINTOSH

'&'UO., LTD.

"Men's Wear Specialists,"

Alexandra Building g

Das. Vox Bod

ICE

COLD

DRINKS

and

ICE CREAM:

at

MORINAGA'S

in the

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Tel. C. 4702

THE DAINTY

TEA ROOM