1937-05-25 — Page 24

POWELL'S HAVE GOOD YEAR

Increase In Turnover Continues

COMPANY MEETING

An improvement in turnover, en- abling the Company to record a satisfactory profit. to offset the loss

THE CHINA MAIL, MAY 26, 1937.

LEAGUE COMMITTEE'S

TASK COMPLETED STOP PRESS

NEW CONSTITUTION FOR SANDJAK

OF ALEXANDRETTA

(SPECIAL TO “CHINA MAIL”)

GENEVA, TO-DAY.

THE DRAFT STATUTE AND CONSTITUTION OF THE of the previous year, was remarked SANDJAK OF ALEXANDRETTA, DRAWN UP BY THE on by Mr. J. H. Seth presiding LEAGUE COMMITTEE OF EXPERTS, WAS PUBLISHED this morning at the annual meet YESTERDAY. ing of shareholders of Wm. Powell, [' IN ACCORDANCE WITH THE PRINCIPLES STIPULATED Limited.

IN THE RESOLUTION PASSED BY THE LEAGUE COUNCIL ON Among those present were Mr. J.|JANUARY 27, ARTICLE 1 OF THE STATUTE DECLARES THAT H. Seth, who was in the chair, Mr. THE SANDJAK IS AN INDIVIDUAL STATE WITH FULL IN- H. Overy (Managing Director), Mr. DEPENDENCE IN THE MANAGEMENT OF ITS INTERNAL W. L. Alexander, Mr. J. T. Bagram, AFFAIRS. Mr. D. Black, Mr. A. Nissim.

The Chairman said: Your Directors. are pleased to come before you with a very much improved Statement of ac- count than the one presented at the last Annual General Meeting. The profit on General Working Account for

$9,651.46 the year amounted to

as

against a loss of $5,760.91 for the cor- responding period ended 29th February 1936 and the balance of profit for the year is $6,678.49 as against a previous loss of $8,728.14. This result, I think, can be considered highly satisfactory.

DISORDERS IN PALESTINE

Lead To Budget Deficit

Jerusalem, To-day. The financial year of the British

Foreign affairs will be entrusted to the administration of Syria, while the Sandjak and Syria will have a common customs and cur- rency system.

the To supervise observance of Statute and Constitution, the Lea- gue Council will appoint a French delegate who will work in the Sandjak

He will be empowered to delay application of legislative and ad- four months, during which time he must obtain a decision from the Lea- gue Council

I am pleased to report that the im-mandated territory in Palestine end- provement made in our turnover has ing on March 31, closed with a been maintained, and the very drastic deficit of £1,500,000, mainly owing ministrative acts for a period up to reductions made in overhead and other changes at the beginning of the finan-to increased expenditure following cial year is reflected in the accounts the drafting of troops to Palestine now presented.

during the Arab-Jewish disorders. Turning to the Balance Sheet; on the The unrest also led to a consider- Liabilities side under Sundry Creditors able decrease in revenue. is included an amount of $12,834.00 re-j presenting the Company's commitments for goods in Transit.

On the Assets side, Shareholders will see that the value of Stocks on hand is approximately the same as it was at 29th February, 1986, but that Goods in Transit are up by some $10,600. While it is the aim of your Board to keep down the value of stocks it is felt | that we must cater for all reasonable requirements.

A notable feature of the past year's trading was the increase in the per- centage of Cash Sales and this increas- ed percentage is being maintained.

The Profit for the year has been ap- plied in reduction of the debit balance of Profit and Loss Account which now stands at $18,286.10.

The connection between the The deficit will be covered from Government of Syria and the Sand- the reserve of £6,600,000 brought jak will be maintained-by commis- forward from previous years. Trans-Ocean.

OCCUPATION OF ABYSSINIA

Still Not Entirely Completed

area

sioners.

DEMILITARISED ZONE

The Sandjak will be demilitarised. but may organise police and gen- darmerie, whose total strength is not to exceed 1,500 men without the permission of the League Council.

The Statute also contains stipula- tions for the protection of minori- ties, whose equality of rights is to be guaranteed. :

Turkey is to have full use of the port of Alexandretta for transit traffic, for which purpose the Sand- jak will lease, to Turkey land of an adequate area for a period of fifty

London, To-day. Lord Cranborne stated at Com- mons question time that the Italian Mr. J. T. Bagram seconded the adop-forces had in the past three or four tion of the Report and Accounts, which months further extended the were unanimously passed.

Mr. A. Raymond's confirmation as a of their occupation in Abyssinia. member of the Board of Directors was Reliable information was difficult proposed by Mr. D. Black and seconded to obtain but broadly speaking the by Mr. A. Nissim, while Mr. J. H. Seth position appeared to be that the years. was re-elected to the Board on the pro- Italian Government were posal of Mr. H. Overy and seconded by

The Constitution provides for an occupation of the whole of Abys-Assembly, to be elected by indirect Mr. Wong Ping-fan.

Messrs. Linstead and Davis were re-sinia with the exception of: a dis-

vote, while executive power will be elected auditors for the ensuing year trict in the southwest of the coun- at a remuneration of $325 on the pro-

vested in an Executive Council. posal of Mr. A. Nissim and seconded try lying to the west of Maji and

Trans-Ocean, by Mr. J. T. Bagram.

a small area between Bani Shangul and Gambeila, adjoining the Sudan Frontier.

FORGOT

CALL

ABOUT

HER CAR

Miss Betty Fair was fined $5 by Mr. W. Schofield at the Central Police Court this morning, when she was summoned for causing an obstruction with her car in Queen's Road Central, opposite Pedder Street, at 6,50 p.m. on May 11.

Defendant pleaded guilty stating that she went into the shop and "forgot all about the car.”

"Old Wreck Of A Car"

now

HOLD-UP OF YOUTH

Six Months' Sentence On One Man

Italy To Export Planes

"Milan, To-day.

TEL. 20022 or 33993

FENS NIGHT PATROLS

Position Again Serious

With the rivers 10ft. 4in. above the ordnance datum line a rise of

An Italian syndicate for the ex-seven inches in twenty-four hours portation of aeroplanes has been patrols are ready again in the Six months' hard labour was im-formed under the control of the Air Cambridgeshire fens. posed on 22-year-old Lo Mun by Ministry.

454 The water is now only

2ft. Gin. Mr. W. Schofield this morning for Carrying out of orders from below the highest level reached stealing $20.10 from a Chinese lad abroad for construction of Italian during the recent floods.

in Belchers Street last Saturday planes by members of the syndicate, Many farmers have been unable night.

which includes all the leading air to get on their still

water-logged craft firms, is destined to ensure land, and many acres will lie fal- unbroken continuity of production low for a year, as it is too late to for the Italian industry in the years sow crops. when home demand is less active.

-Trans-Ocean.

Detective-Sergeant C Mottram said that complainant was set on by two men who robbed him of the money and escaped.

later

Defendant was arrested

Following his conviction for driv-and in his possession was found ing a car with ineffective

11 days ago, W. Jones was rakes $13.

sum

moned before Mr. W. Schofield at AMNESTY FOR WAR PRISONERS the Central Police Court this mor

this morn Ing for the same offence and fined $80. A

Traffic Inspector Saunders stated that defendant was driving “an old wreck of a car.

Sir Hughe M. Knatchbull-Huges-

Brussels, To-day.

At Prickwillow, one of the a areas most affected last month, the Ouse Is 4ft: above, normal.

described.

The position is descri

as "rather serious, but not nearly as BROKE NECK, LIVED 9 DAYS

bada as during the period imme- dfately preceding the last floods.” Amateur footballer Harry Flavell, A Catchment Board official said: An amnesty for Flemish politi twenty-four, married, of Upper "There is no need for alarm. The cians who were sentenced to prison Gornal, Wolverhampton, lived in level has not yet reached the dan- terms at the end of the Great War hospital nine days after he had ger mark." for Flemish nationalist – activities | broken his neck in a local football during the German occupation, was match.

demanded at a gigantic meeting held Verdict at Wolverhampton in- sen, the British Ambassador to here yesterday by about 60,000 quest was Death by misadventure. Ltd., by GORDON CADE BURNETT, at SA,

Flemings from all over Belgium. Trans-Ocean.

China left Nanking for Feiping yes- terday morning by train.

No one was to blame for Flavell's fall, said the coroner.

Printed and Published for the Pro- prietors, The Newspaper Enterprise Wyndham Street, Victoria, Hong Kong.