1931-02-10 — Page 1

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BLISHED

1846

TO-DAY'S

DOLLAR — The closing rate of the dollar on demand, to-day was 10%.

A SECRET?

An Irish Motorist thinks that the Dunlop Rubber Company possess a valuable secret, Read what he says:

from practical experience

1 have been lang since convinced that Dunlop covers and tubes are the best ntade for ears, motor cycles and cycles. I say this from long experience."

"The Dunlop Company, I think, is Uke Guloness & Co. It has a manufacturing secret, undiscovered by its competitors."

The Dunlop Rubber Co., (China) Ltd. Pedder Building,

Telephone 24554.

PRICE $3.00 Per Month.

HORRORS OF NEXT NAVY PRAISED

GREAT WAR.

RELIEF WORK.

No. 27,718 HONG KONG, TUESDAY, FEBRUARY 10, 1931. LAND INVESTMENT GOVERNOR - GENERAL RESOLUTIONS WIPED END TO SOUTH WALES

COMPANY.

OF CANADA

DISPUTE.

Improvement in Local Appointment of the Earl Shipping Company and Owners and Miners Sign

of Bessborough.

Market.

$16,000 BETTER.

FINE WAR RECORD.

OUT.

ts Directors.

ILLEGAL MEETING?

3 Years' Agreement.

TEMS ACCEPTED.

Very Serious Warning to the Nations.

FOR PREMIERS SHOCKED

BY PROPOSALS.

Striking Tribute by the Commonwealth Must

Honour Its Obligations.

Governor-General.

PROMPT AND EFFICIENT.

THE MIDDLE COURSE.

destruction.

of

unk

Canberra, Yesterday, Each of the State Premiers at

"WHOLESALE KILLINGS.” The 42nd annual general meet-

London, Yesterday, When the Sze Yap S.S. Company ing of the Hong Kong Land In-

London, Yesterday,

Rugby, Yesterday. vestment and Agency Co., Ltd., heen pleased to appoint Lord Chief Justice (Mr. Justice J. R. miners' lenders have signed a new Henderson, speaking at disarma- Zealand, Lord Bledisloe, who with the Premiers' Conference has

His Majesty the King has case was resumed before the Acting

South Wales coal owners and Foreign Secretary, Mr. Arthur

Rugby, Yesterday, The Governor-General of New WALL held to-day in the ward Vere Brabazon Ponsonby, 9th Wood) in the Supreme Court this three years' agreement.--Reuter, ment demonstration in London to-his wife spent the week-end in repudiated the proposals of Mr. room of Messrs. Jardine, Mathe-Earl of Liessborough, as Governor- morning, Mr. Chui Yu-chi, one of son & Co., Ltd.

[A provisional agreement for night, said that disarmament by the General of Canada, in succession the Directors present at the stormy the settlement of the South Wales International agreement was

earthquake The Attendance.

devastated Lang (Premier of New South to Viscount Willingdon, who was meeting of July 8, was closely coal dispute provided for a re- definite recognition by all the to the Dominions Secretary in on her debt to Britain, cut the Hawkes Bay area, in a cable Wales), to suspend the interest Those supporting the Hon. Mr. recently appointed to be Viceroy examined by Mr. J. J. Patterson (Chairman) were of India, in succession to Lord K.C., for the Company, who are may ruling in November, 1930, Navies, and their Air Forces were age, mutual helpfulness, resource- borrowings, and abandon the

Eldon Potter, sumption of work on the rates of Nations that their Armies, their London refers to the "quiet cour-interest on Sir Robert Ho Tung, Mr. H. II. H. Irwin.-Reuter.

all Government's Priestley, Mr. A. H. White,

plaintiffs in the case against certhe hours of work for under-matters which [Canada's new Governor-Gen-tain named members of the Com- ground workers to be 714 daily themselves alone but other peoples whole population, including the

concerned not fulness and discipline of the gold standard. Mr. J. E. Joseph and Mr. cral was born in October, 1880, pany (defendante) who are repre- each week-day. The owners ac- also. It was an acceptance of the Maori race, amid a scene T. E. Pearce (Directors), and being the eldest son of the eighth sented by Mr. F. C. Jenkin, C.B.E. cepted the terms, which were sub-imperative obligation that Mili-wholesale

Messrs. Theodore and Scullin, Mr. L. S. Greenhill (Secretary). Earl of Bessborough. In 1920 he Mr. Potter asked Mr. Chui if he ject to ratification by the miners' tary preparations should no long-bereavement.""

both described the proposals as a The shareholders present succeeded his father in the Earl-had discovered which was the date delegate conference.] were:

er be determined by a

deliberate default, und referring dom, und also became Viscount on

Nation's which Messrs. F. H. Crapnell, R C. Duncannon, and Baron Ponsonby.published by the Directors in the the advertisement!

to Mr. Lang's threat to enforce Junrestricted will only, but be part He adds: "The Medical Relief his proposals in New South Potts, G. W. Puncheon, D. C. Educated at Harrow and Trinity Chinese newspapers concerning the

of the general. concern. of the Services organised by the Ad-Wales, Mr. Weir, F. Austin, B. C. Randall, College, Cambridge, he was call-meeting of July 8, first appeared. D. Skinner, H. A. Rodgers, G. C.ed to the Bar, Inner Temple, in Witness claimed that it

The alone the Moxon, G. H. Puits, D. A. New-1903, and later became Member July 21, but Counsel contended that bigging, D. V. Steavenson, B. J.Jof Parliament for Laton, K. Stuart-Smith, D. Lyon, (Conservative). In 1912 he marit to the witness that in that ad Cheltenham it was July 23, and proceeded to put B. L. Dunnett, A. B. Stewart, ried a daughter of the late Baron vertisement, which was in the na F. C. Hall, R. A. Macdougall, P. S. Jean de Neuflize, and has one son ture of a statement by the Direc Cassidy, A. J. P. Heard, S. and a daughter, Lord Ponsonby tors, reference was made to eight Stevinson, E. M. Raymond, A. had a distinguished War record, items breught up at the meeting of Piercy, P. Morrison, W. Lngan, having fought at Gallipoli, and he shareholders on the 8th day of the A. W. Eastman, N. V. A, served in France on the Staff from 7th moon, which the statement said Croucher, R. M. G. Silva, V. L. 1916-18.

туда

Theodore warned

STOP PRESS international community. miralty are working smoothly, them that if one State walked

Vatican City, Yesterday. The Pope, on Thursday be- tween 4 and 6 p.m. wil broad. cast in Latin Ат address throughout the world on the Inauguration of the Vatlean wireless station.--Renter.

dos Remedios, 0. F. Ribeiro, Chairman of De Beers Consolidat-tons to be illegal.

He has been Deputy- was declared by the Board of Direc- GANDHI AND INDIA. F. A. Xavier, M. Fernandez,jed Mines, Ltd., since 1924, and is A. J. C.. Rocha, Ho Kwong, Kwok Chairman of the San Paulo the subsequent meeting which was

Witness said that it referred to TO CONSIDER THE DELEGATES' Hin-wang, Tan Eng-hool and (Brazilian) Railway, Ltd.]

REPORTS. M. H. Lo.

The Chairman's Speech.

Profit and Loss Account. There

re few appreciable differences as $30 on the Chinese driver of

compared with the previous. year.

car No. 558, which was stated to

you will notles that the amount A fine of $25 was imposed on advanced on mortgage has been the. Chinese driver of another reduced by slightly over twelve public motor car for a similar Cakas.

This is largely due to offence, mortgages on the Praya East Re-

Llamation lots expiring and being The whole building, granted no

paid off, mortgagors having found unforeseen delays, is estimated

ready sale by splitting up their be completed before the end Ints and selling free of encum-thie year, two months ahead brance.

contract time.

to

of

of

The amount invested in property Confidence of the Public. has increased by about three and

As you are well aware your aquarter millions. This is part Directors decided to take advan

held on July 8 and commented "it, was certainly illegal.

Mr. Potter asked if the witness's

whole lot would go

He emphasised that everything with improved transport. depended upon the manner in majority of the population have down together. which the Governments com-left Napier and its well-equipped pleted the frame work which the field hospital has evacuated the Mr. Scullin emphasised that the Preparation Commission had most serious casualties to other Commonwealth meant to honour drawn up. The figures which the hospitals in North Island. Un- its obligations, Repudiation or Governments inserted in it. de evacuated, homeless people have default would lead to panic, chaos, pended upon public opinion. If been accommodated comfortably and a financial crash. He urged people wanted disarmament they under canvas in the Public Park the Conference to consider the could have it, and the friends of and elsewhere.

middle course between cutting peace had 12 months in which to mobilise opinion in favour of the adequate and the deficiencies,

wages and repudiation.-Reuter. "Essential supplies are fairly great opportunity, which might chiefly of clothing, are being

The Mines Case. not recur.

rapidly made good. The prompt.

Brisbane, Yesterday. efficient and indefatigable services, The Crown's statement on

War would

Economic Reasons.

The

Earlier News.

Worse Than the Last.

of Naval Officers and men con- claims in the Mungana Mine case The Hon. Mr. J. J. Patterson

NEGLIGENT DRIVERS.

If they really drifted their next finuously from the time of the was delivered to defendants' soli- Rugby, Yesterday. In the House of Commons worse than the last. A military praise. Sailors are engaged on that there are claims of £32,000

be incomparably initial disaster addressed the meeting as Remarking that it was a bad contention was that the meeting the Secretary

are beyond all citors to-day. It is understood for under:-

case of negligence, Mr R E. Lind-convened by the shareholders was, Wedgwood Benn, said that he war we were killing by retail, but ings and the recovery of bodies luding Mr. Theodore, the Trea India, Mr.expert had said that in the last the demolition of precarious build-against all four defendants, in- sell this morning imposed a fize for certain reasons, illegal.

hoped it might shortly. A Second Meeting.

sible to announce the Government's sale. We have surely learnt that bris. The scene of rain is dif

ba pos-next time it would be done whole from beneath great piles of de surer-Reuter. Witness replied that it was not polley as to the carrying on of the it is beyond our power to human ficult to exaggerate. The tremors campaign Mr. Theodore boasted, Apart from sales of property the have overtaken. a Hong Kong Hotel meant to say that the meeting con-work of the Round Table Confer,ise the conduct of modern war.continuc, but are not serlous."

[During the Federal election net result is $16,000 better 'bus on February 1, at a bend invened by the Directors was illegal ence. He also stated, "Beyond re- Once war begins no man and no

Turning to the balance sheet Stubbs Boad.

The atatement, he claimed, clearly ports in the Press of the interview Government can eontrul it.

or promised, (as his opponents referred to the second meeting at and speeches of Gandhi and other only way to stop such barbarities

German Sympathy.

put it) that if Labour were vic- which the eight

resolutions were Congress leaders, I have passed by a small number of peo- formation

no in is to stop war itself.

In a telegram to the King, Pre- would be open in à

torious at the polls the mines. as to the offers of co- ple.

fortnight. We may be very certain that pressed his sincere condolences on non-fulfilment, first by the limit- sident von Hindenburg has ex-That boast has been doomed to operation on their part. "Mr. Potter asked where in the Saptu and other Delegates of the destruction of life on a scale such aster and assured His Majesty monwealth and the point-blank Sir Tej if war occurs it will bring with it the New Zealand earthquake dis-ed industrial powers of the Com- statement was there any reference Round Table Conference are going as we have never imagined, des- that the whole of Germany feels refusal of the Ministry to defy to the second meeting?

to discuss the position Witness:-The mention of the Gandhi, and Gandhi has expressed man, probably

with truction that will engulf all hu- adoption of the eight resolutions bis intention of giving full contion, in which we live.

the deepest sympathy. every civilisa-King, in reply, expressed pro-volutionary action, and secondly The the Constitution and take re- clearly refers to the second meet-sideration to anything they say."-- ing as no resolutions were passed British Wireless Service.

found gratitude for the kind mes-by the Ministry's declared policy at the first meeting.

sage, which, he is confident, will of "no wages reduction."] His Lordship here pointed out anticipated because reports of the reasons for the policy for which Service.

Turning to strictly economic the Dominion. British Wireless be deeply appreciated throughout ly accounted for by our having age of the money market and that that part

Mr. Lang's Plan, of the statement meeting in the papers stated that they stood. Mr. Henderson point- paid the final call on the areas we offered 60,000 new share? in the could be translated as "with regard Mr. Li Yu-tong left the chair and ed out that the econmic crisis in Etill own on the Praya East Re-roportion of one new for every to the bringing up of eight resolu- the meeting proceeded under an Germany, the spectre of unem

Canberra Yesterday. clamation. The remainder fe tour old shares at a premium of tions at a meeting leading up to the other Chairman.

Mr. Lang submitted the following chiefly due to the construction of $35 per share. I think it shows second meeting."

ployment, and the world crisis

Wellington, Yesterday. plan to the conference of Premiers. Witness: If we had known they generally, was all part of the Gloucester Building. You will, of the confidence of the public in the

A further recurrence of earth-In the first place the Australian course, understand that included Company that the whole of these that it was clearly stated "previous- they left, I would have willingly question of idle men and the de lent as those of Tuesday, is re-Interest to the British bondholders Mr. Potter, however, pointed out would start another meeting after aftermath of the last war. The quake shocks, some of them as vio-Government should pay no further in this figure are contracts to shares were taken up with the ex-ly declared by us as illegal." which we are already committed. ception of 833, which were nearly

paid a solicitor to stay there until pressed state of industry were all ported from Wairca. His Lordship said that that daybreak!

until Britain deals with Australia's but not necessarily completed. all offered to shareholders not now might mean "has been already de-

war debt in represented as victims of the war. Mr. Potter replied that that was The world economic crisis could Napier. The damage, however, is debt with the United States.

Violent shocks were also felt at that wherein Britain settled her a similar manner to On the liabilities side you will in the Colony,

clared by us, etc." notice that the

not the point. mortgage of I now propose the adoption of A Matter of Interpretation.

The minutes did only be coped with by world confined to the collapse of build- $650,000 on Prince's Building has the report and accounts as pre-

not say that the eight reaolutions action. Mr. Potter claimed that the were wiped out.

But world

Secondly, the interest on all Gov. ceased to appear. This has been sented and when this has been Directors. did contend that the

action ings already shattered.-Reuter. meant international co-operation

ernment borrowings 'should be re- Mr. Chul aaid that the minutes on economic questions of every paid off and the whole of our pro-answer to the best of my ability but declared that he would leave it ters and it could not be expected to tained while policies were found-er for New Zealand had decided to don the present gold standard and

duly seconded I shall be pleased to meeting should not be held at all, only reported the Important mat- kind, and this would never be ob-

Rugby, Yesterday.

duced to three per cent. perty is now free.

Thirdly, the Commonwealth Gov- With regard to the appropria- any questions shareholders may to bis Lordship and would be pre include every word said

Although the High Commission-ernment should immediately aban- tions proposed by your Directors. wish to ask.

pared to take any view which his meeting.

at the ed on constant fear of war. Special Repairs & Renewals Ac-

make no appeal to sympathisers in substitute a Lordship might take

Tariff barriers of self auf- Britain on behalf of the sufferera Australia's wealth, to be termed a the Mr. Potter: In effect the eight ficiency, trade prohibitions, and in the New Zealand earthquake, he "new gold standard.”

currency based on count would be brought up to its In seconding the adoption of the languago. original figure $25.030.

resolutions were not discussed at economic nationalism were report and accounts, Mr. G. C. Mr. Patter then put it to the alt. They were wiped out?-That consequence of conceptions of cable from his Government that he South Wales had decided to adopt Moxon congratulated the Company witness that in the notice he could is not so.

all shares the view expressed in 4 Mr. Lang declared on the past year's working, stat- not and it stated that it was voted;

national interests which have would be ungracious to refuse any the plan where it applied, irrespec- this account would be brought up ing that he felt sure shareholders by the meeting that the eight, re-cussed-Chartering was brought | Europe to-day was as full of dif

Then what resolutions were dis-been created by fear of would agree with him that the solutions should be dealt with at up because it was contained in one ficult political problems as five

war. voluntary offer of assistance.

tive of the decision of the figures were very satisfactory. all, and that instead the meeting of the resolutions.

Over £,4000 in this way has al-ference. Carried unanimously.

agreed to discuss the resolutions-holders

The share years ago. As Foreign Minister ready been subscribed, the dons- Mr. Lang further doclared that Sir Robert Ho Tung and Mr. dealing with charter and dividend chartered

wanted to have ships of a great Power, he declared that tions including £600 from H.M.. the if his plan were adopted millions of It is also proposed to put aside T. E. Pearce were re-elected Direc Before witness answered, Mr. dent with that only.

and so we decided to disarmament was the key to their King and £250 from H.M. the pounds now sent overseas would be $400,000 to initiate a fund for re-tors for the ensuing year on the Potter, adressing his Lordship, said

peaceful solution. British Wire- Queen. building.

released for circulation in Australia As yeare go on your proposal of Mr. G. H. Potts, that he would suggest that the

An Admission

less Service. properties tend to become obsolete reconded by Mr. K. Stuart-Smith. notice was not a reference

After further questioning, the

The New Zealand Government fall of interest rates all over the and the consequence would be the Lnd require more and more

to the witness admitted that the eight re- ré- Messrs. Percy Smith, Seth and second meeting. because

has established an organisation to Commonwealth, which would give pairs, so that before long a scheme Fleming, and

further solutions were wiped out.

administer relief funds generously new life to industry and cause a Messrs. Linstead down it stated "how can they (the Witness also admitted that the of re-building will have to be and Davies were re-appointed au- eight resolutions) be submitted for resolutions were important because

subacribed locally, and a special takon in hand. Your Directors, ditors on the proposal of Mr. D. V. confirmation when they were not they tended to put the affairs of therefore, consider it wise to set Steavenson, seconded by Mr. D. A. put to the meeting!" asido some of our profits for this Newbigging.

They cer-the Company upside down. tainly were put to the second meet Mr. Potter: If they had been Directors Fees

ing, Counsel commented. As regards the property market Mr. E. M.. Raymond then ex-

peralsted in it would have involved during the past year, mattera impressed congratulations to the Chul made reference to a passage Directors? If there had been mis- Replying to the question, Mr discussion of the conduct of the proved somewhat, but not to any Directore on the success of the toward the end of the notice, whichénduct the Directors would not great extent, Your Directors, past year's working which showed stated "on the part of the share-have been afraid to face It! towever, took advantage of offers considerable increase, and as a holders the object centres on the for two blocks of vacant land on mark of appreciation he proposed chartering of ships and dividend, these resolutions were dropped was The reason, on your case, why the Fraya East Reclamation and Increasing the Directora fear to and nothing else should be dealt that it was put to the meeting and Inland Lot No: 45, which wore sold $15,000 per annum.

with." at a good profit. We also dispos Mr.. Ho Kwong, seconded,

passed without opposition?Tho ed of some old property in Kow

Mr. Potter said that that pass Chairman had in fact put it to the The Chairman said that that age was taken from the minutes meeting. loon upon which we had had to was not a matter which they could of the meeting, and proceeded: Was there any of opposition re-enter oyng to non-payment of pass by just proposing and second-"Your case is that only two re to the proposal to abandon Interest There was no immedling. It concerned the Articles of solutions were put and Innamuch these resolutions? Yes, some op ate profit in this sala, but it secur-association and therefore they Re eight resolutions were not put position. ed the proft made on the original must hold an extraordinary meet there cannot be a confirmatory Considerable opposition?-Only a sale several years agoing and a confirmatory meeting to meeting?"

small one

Equalisation of Dividend Ac-

count. By appropriating $50,000

to $300,000, which is the equival- ent of $1 per share of issued shares.

Re-Building Fund.

purpose.

Congratulations.

As to

The construction of Gloucester pass the proposal. However, on Trouble Not Anticipated. Bunding la proceeding antisfac behalf of himself and the Direc torily. In spite of loss of time tore he thanked Mr. Raymond and swing to bad weather it is anti- Mr. Ho wrong.

decision on the eight resolutions Witness: Really, there was no If I had anticipated this trouble I would have made this matter clear

elpated that the greater part of the The meeting terminated with the ground and mezzanine floors will announcement that divifend war-er in the notice. be ready for occupation in May, rants were ready.

Mr. Fotter: You ought to have

Was there a great noles made by the start of the meeting! the opposition?--It was mblay from

Was there stormy opposition to the dropping of these points lēm You

The case is proceeding

DRIZZLE.

To-day'a weather report from the Royal Observatory states:

A new anti-cyclone has form. ed over S.E. Mongolia.

Fresh

monsoon prevails along the S.E. bast of China and over the N China Sea.

Forecast N. E. winds; overcast, drizzle and mist.

Rainfall,

Rainfall to 10: a.m.to-day 0.03 inch. Rainfall since Janu- arzuil, 0.40 inch against an average of 2.04 inches-deficit 1.64 inch.

The temperature at certain

Temperature.

specified centres this morning

at 6 o'clock, was

ed.

that New

сол-

session of the New Zealand Parapid absorption of the unemploy Ilament has been

Confidence in Australia would convened for March 17 to deal in a larger way

be restored because her dependence on the outside world would be, re- with the economie position and toduced to a minimum. рава

any legislation rendered necessary.

Back to Normal.

Conference Shocked.

Mr. Lang's speech shocked the Meanwhile, the people in the tantamount to a declaration of in

conference, which regarded it as stricken 'area are beginning to retention of repudiation. Fears are turn to their homes, the shocks of expressed of its effect on Aus- the earthquake having now leasen- tralia's credit abroad, but it is reas ed in number and severity. Good suring that all the other Premiere. progress is being made with tho denounced it. demolition of dangerous buildings that the

Mr. Scullla declared Commonwealth - would

in the business quarters of Napier, never agree to such a polley and and with the restoration of the My. Theodore spoke in the same lighting, water and sanitation ser- strain.

vices.

Hong Kong ....

The Governor-General and Lady

50

70%

Macao Pratas Island

Foochow

Manila

Amoy Bwatow Chefoo

Shanghai

AM SR233a

Resolution Adopted.

Bledisloe apont the week-end at The conference passed a Napier, and Lord Bledisloe, ad solution that each Government dressing a religious service yes should undertake to balance its

terday, paid a tribute to the budget within three years, courage and calmasse displayed by The Bank Board and

Mr.

the fababitants. The N. Z. Prime Theodore, are to examine an ap Minister in visiting the district propriate monetary policy for the #to-day --British Wireless Service. promotion of production, Reuter.