1929-05-22 — Page 8

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SFØDDESSESØLVEOLISIRSIERSLUTETÈTUNGSES MR. PILGRIM'S PLEA!

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DISCUSSION AT ENGINEERS'

INSTITUTE MEETING

AMENDMENT DEFEATED

MONEY AND SHARES

TO-DAY'S QUOTATIONS

On London-- Bank, wire

An extraordinary general meet-Bank, on demand ing of the Engincers and Ship-Bank, 90 days' sight, builders' Institute was held yes- Bank, 4 months' sight 1/11

months' terday evening to pass a resolu- Credits, 4 tion adopting revised Articles of Association,

Mr. G. F. Taylor (Chairman); in proposing the adoption of the memorandum and revised Articles of Association as signed, by the Chairman, said that. the Articles were last revised in 1913, and re- quired bringing up to date.

Mr. W. J. Stokes seconded the resolution.

Mr. A. J. Pilgrim asked leave to address the meeting, when he said, inter alia:-

Before I suggest a single thing. I wish to stress the fact that I ain in no way attempting to cause a split between the ordinary and as. sociate members but my whole idea is to further the interests of the Institution, and obtain, what may be crudely described as, a fair deal for the Associate mem- bers.

According to the membership board, there are 162 ordinary or voting members, and 128 asso-

Col. Campbel B. Hodges, Comman- dant of the Cadets at the West Point Military Academy, who has been ap- pointed military aide to President Hoover.

On Paris- On demand- Credits,

sight...

On Berlin-

.1/11/% .$81

T.T. on London T.T. on Shanghai

Bonks

H.K. Banks

1/11 18

H.K. London Heg.

$1225 b £1331⁄2 n

1/11 3/10

Chartered Bank.

£19% b

Mercantile A. & B.

$3

Mercantile C.

£15

P. & 0.. Bank

.£9

sight Documentary 4 months'

sight

27-18

Bank of East Asia

.$901⁄2 n

Insurances

27-%

Canton Insurance

$695. b

Union Insurance

..365 &

1197%

North China Insurance

.T160 b

4

months'

1272%

Yangtze Insurance

M$60 m

China Underwriters

$2.20 s

On demand

China Fire Insurance HK. Fire Insurance

$300 b

$775 n

On New York-

Shipping

On demand

469

Credits, G0 days' sight 4314

Douglases

.$33 a

H.K. Steamboats

.$26 s

On Bombay-

Wire

120

H.K. Tugs & Lighters

.$2.60 s

Indo-China (Pref.))

$47 b

129

On Calcutta-

Indo-China (Def.)

$70 n

129

129

Shell Transports Shell: Transports (new) Union Water-boats

.97/- R

On Singapore- On demand

Mining

8914

On

On Manila- demand

Benguets

$22 n

.$234 b

94

Kailan Mining Ad.

.66/- b

On Shanghal-

Langkats (comb.)

.T14 n

On demand

80%

Langkats (singles)

.17% n

Shanghai Explorations

92 n

Shanghai Loans

.T4% s

On Yokolima- On demand

Raubs

.$61⁄4 n

104

Tronoh Mines

.17/6 ¤

Gold Leaf, 100 fine

(per tael)

Docks, Wharves, Godowns, &c. H.K. & K. Wharves $122

123 s

Borsteigus

(Bank's

II.K. & W. Docks

..$36 r

buying rate)

10.00

.$4.35 $

Silver (per oz.)

25%

T178 n

.76.65 t

3% Prem. Nominal

.4128 &

On demand

Wire

On demand

80 day's sight (private

paper)

Bar Silver in Hoag

Kong

Copper Cash

Chinese Copper Cents 6% Prem. Rate of Native In-

terest ...

7% pa.. Chinese Sub. Coin. 31 dis. Hong Kong Sub. Coin Far.

to have three associate members, about 25 per cent. on the com- mittee, when they could be out- voted at any time.

To Make It More Popular Mr. Pilgrim replied that he desired to further the interests of the Institution. He thought the Institution would be better off with some business men to advise them to help make the Institution a going concern and more popular with members.

China Providents Hongkews ...

New Engineerings Shanghai Docks

Cotton Mills Ewo Cottons....712's 124 sa Oriental Cottons .....T2 b.2.10 5 Shanghai Cottons (old)...T72 h Shanghai' Cottons (new) ..732% n Lands, Hotels & Buildings H.K. & Hotels 1.K. Lands

Shanghai Lands Humphreys' Estates II.K. Realties HK. Territorials Prince's Buildings

Public Utilities H.K. Tramways... Peak Trams (old) Peak Trams (new) Star Ferries China Lights (comb.) China Lights (old)

.$8.80 n .$621⁄2 b

.7143 i

$14.85 1

.$8.35 n

WEDNESDAY, MAY 22, 1929.

For rates, literature and information apply Asiatic Building, Hong Kong.

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$18.30 n .$12 b .$6.55 n .$664

To regain your strength

...$13 n x r. [8 n rights

Mr. Stokes remarked that he China Lights (new) did not see that Mr. Pilgrim had China Lights 1928 issue given them the idea of how he H.K. Electrics (old) proposed to make things better. H.K. Electrics (new) If he had asked for 50 per cent. Macao Electrics representation he could under- H.K. Telephone. stand it but he could not under- China Buses stand a desire for only 25 per Singapore Tractions

Singapore Pref. Sandakan Lts.

China Sugars Malabon Sugars Canton Ices Cements (comb.). ..$8.10 Cements (old)

ciate or non-voting members, in cent. other words the membership of Mr. Pilgrim said that for the this Institution to-day consists of past two years the Institution had approximately 55 per cent. voting lost money and the present belief non-was that they had between $40,000 members and 45 per cent. voting members. The associate and $50,000 in hand. They could members therefore, pay to the In- carry on on the strength of their stitution in subscriptions alone reserve but eventually that re- $640 per month, or $7,680 per serve would be spent. annum, apart from the fact that the majority of them are shore members and attend the Institu- tion almost every day.

The Suggestions

An Absolute Necessity He thought that associate members could put new ideas for- ward and make money as they

Lake

these sultry days-

and vigour during

GLYCO MALT.

a preparation of

GLYCERINE — PHOSPHATES

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EXTRACT OF MALT.

Queen's Dispensary

Pharmaceutical Chemists

22, Des Voeux Road Central

.$5734 5

$26% n ....37 1

.T14%

..11/6 a .16/6 b $214 B

Industriala

.$.80

.$27 n

.$1.80 b

b 8.30 s

.$7% n

$1.40 n

.$7.16 n

$5 b

..3194 b

..$12.90 s .80 cts, b

...$2 s ...$18 b .$11.80 b .:$3.65 s

will, keep good for

Miscellaneous

a long period. It's

Cements (new) H.K. Ropes (old) H.K. Ropes (new) United Asbestos

Stores, &c.

Dairy Farms Watsons Der A. Winga Lane, Crawfords Mackintoshs Sinceres

ON 350 METRES

The following programme will be broadcast to-day from Govern- ment Broadcast Station Z.B.W. on 350 metres.

Representation Wanted had done in the past. "I say that It appears that many ordinary new blood and new ideas on the members, think that the asso- committee are absolutely neces ciates are attempting to get to sary." grips with them for the control of Mr. Stokes said it had been sug the Institution. As far as my gested that without the assistance knowledge goes, this is not so of associate members the Institu- Wm. Powells We are, in the first place, asking tion would become moribund, that,

.$30 # for representation in the running it would greatly decline and would HK. Amusements of the Institution, and secondly, die a premature death. He was

Hong Kong Constructions $1 b B. Ind. G. Bends

...67% b are doing our best to further the not convinced by a very long way interest of the Club.

that associate members desired H.K. Govt. Loans ..64% b Prem. the alteration. He did not think

TO-DAY'S RADIO I wish to suggest that three that the bulk of associate mem. associate members be allowed to ers were dissatisfied with the

BROADCAST BY sit and vote in committee. In the management.

Z. B. W. event of either the Secretary or He thought that if the altera- Treasurer, or both of them, being tion was inade very many ordin- associate members, they are to jary members would take umbrage count as associates. In other and probably withdraw their sup- words, there cannot be more than port which the Institution could three associate votes on the Com-ill-afford to lose. They had been mittee.

with the Institution for very My next point is that associate many years. members be allowed to propose Mr. Pilgrim said he wished to and/or second candidates for make it clear he had not said membership. The President, at that without the assistance of the annual general meeting, made associate members the Institution an appeal to members to bring would become moribund. He had along more members, but by not said that without the assistance allowing associates to do so, Iand co-operation of associate maintain that the Institution is members the Institution could not losing many potential members, possibly carry on unless it fell I think that sooner or later my back on its reserve. "Take away ideas regarding the governing of the associate members and you this Institution must come into cannot carry on." He did not say opération.

1.

and he had never attempted to 'What's the Crying Wrong? say that there were no business the committee because The amendment was proposed men en by Mr. R. G. Kerley, and seconded they were engineers.

said, however; that few blood by Mr. G. C. Watson.

Mr.. W. J. Stokes referred to a was wanted to get new ideas. rule of 1913 which stated that The amendment was put to the members could be proposed and meeting, and was lost by ten seconded by associate members votes to six. but such proposals should The original motion for the

a mem-

He had

5.30-6.30 p.m. Programme of Chinese music. 7.48 p.m.

report.

Evening weather

8 p.m. Evening programme, (Victor records supplied through the courtesy of S. Moutrie & Co.),

10.30 p.m.-Close down.

MARRIAGE AGE

FINAL STAGE IN HOUSE OF COMMONS

London, May 3. The House of Commons, to-day

passed the third reading of the Age of Marriage Bill, rendering void marriages in which either party is under the age of 16 years.”

SETTLERS IN CANADA

More than 1,200 settlers, recruit- ed by the Canadian National Rail- ways and co-operating agencies-in- the Old Country, have reached Mon- treal by special trains from Hali- fax where they landed. The major-

be countersigned by

adoption of the revised Articles of ber of the Committee for Association was carried by 14 the time being. The latter part votes, there being no dissentient. of that rule had been cut out în....... The Next Meeting -the revised rules and the speaker. It was announced by the chair said he failed to see where the man that a further extraordinary growl came in on that point. meeting for the purpose of con-

Mr. Stokes admitted that Mr.firming the resolution as a ity of the newcomers are bound for Pilgrim's views were held by special resolution, if thought many associate members, but fit. would be held in the same what was the particular method place and at the same time on of management they desired to Friday, June 7. alter? What was the crying

wrong they wished to put right? Lambeth, S.E., Guardians have He would further ask them if agreed to buy £7,000 worth of they thought it would be better radlum for their hospital

the west..

Many of them are single men who' will take jobs as farm labourers but mary are in family groups interest ed in taking up land for themselves. A number of Hollanders and Scan- dinavians were also among the im- migrants.

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