1949-03-21 — Page 2

1

Vice-Admiral Brind Here From Shanghai

Vica-Admiral Sir E. J. Patrick Brind arrived from

Shanghai by HMS Alert gh the week-end.

MILL WORKERS WALK OUT IN WAGE DISPUTE

Vice-Admiral Brind left the Colony by HMS London, arrly- ing in Shanghai on February-

25.

on

Mr. R. W. Urquhart, British Consul-General, Shanglial, cailed;

the Commander-in-chief aboard the cruiser, followed by other. including Rear Admiral G. C. Crawford, USN, Comman¬ Three

A dispute between the Footer Amphibians Group Bun Spinning and Weaving (TF 78), Rear Admin Y. T. Factory Workers' Welfate De-Chow, of the Shanghal Office of pariment and the Spinning and Chinese Naval Headquarters, and Weaving Workers' 'Own Quild | Commander S. T Tung. CN, over wager led to more than Commander First Naval District. 100 company workers walking

out last Saturday night.

Admiral Brind returned the

visit later, calling at the British

Consulate Brat, -after which attended a reception given by the Canadian Ambassador and Mrs.

The

Weaving Spinning and Workers' Own Guild was formed of the fter the recent strike Mayar 5 Works' labourers, ta protect the interest of local spin-T. C. Davis at the Country Club, ning and weaving employees,

On the other hand, the mills Workers Welfare formed the Department with the dual inter- tion of looking after their own wellan and

also that of their unployee

A tug-of-war over the incre- ment of wages, between the two organisations for the past few enys vulminated In Saturday' walks-utst.

are

The Foo Hoo Factory was res cently transferred from Shanghai. Most of her 120 Shenghilanders. The factory in # sister organisation to the Hun Cheng Spinning

Weaving and Fartory of Hangehow and the Fu Chlang Spinning and Weaving Fhetory of Shanghai, It is 40 sets of muckines

trement to their present salaries of between $70 to $80 a month.

THE CHINA MAIL, MONDAY, MARCH 31, 1949.

Ferry Service The 9,000-Ton Liner Shillong Purser Here With Ship

Improvement

Hurtour creamers youtarday nodded Approvingly when they noticed the Hong Kong Star Pler being used on both aldex.

With the, resumption of cervice of the port landing

underwent platform, which repaire during the past three months, four lunches д now shuttling on

Ava. minute run

The Kovison Pier. In-stilI using one of the two plat- forms.

Throughout the day, there was hardly tima - when passengers had to quower-up or wait for another faunch.

Heavy Voting In France

,“” ཏསྶ་

Paris, March 20,

voting wharem

AWA

With the entry-of-the- 9,900-ton-earge Khan Shillong into the United Kingdom-Far East -trada-on- March 31, the Paninaula and. Oriental Line will be able to run an express monthly cargo service on this routan: The wa Shillong, which is loading at Continental ports before calling at Lendon from where she will sail for Hong Kong on March 31, will be the fourth vessel to operate on this ruh.. Thres now sister shipa of the "8" Cisse cargo linero have recently been bemmisalonad; the. Soudan, Somall and Surat.. The vessel is the second of that name to be built Tok the P. and O. Line and has been called after an Important to centra in Asrath. The first -Bhljiang, W 6,629-ton cargo vessel, completed in 1989 for the UK-Calcuttă trade, was torpedoed In April, 1943, eight days from New York on a voyage to the United Kingdom and sank within 12 minutes.

Mr. C.E. Pollitt, who began his career with the Pijand O. as a cadet in 1913, will

be in command.

Heavy early During his sight-day stay. Ad- mirol Brind umeluily called on ported as Frenchmen went...to

with the polls today under sunny sklen. Mayor K. C. Wu, lunched the British Chamber of Com- to elect half of the nation's county merce at the Shanghal Club, and councilmen. It was the first elec dined with the St. David's So- tion by direct popular vote since I REGENSTAND ciety.

October, 1047 and the result may Chen Indleute whether the visittag General

trend in loward the Left or Ta-ching of the Weosung-Shong- France is hot Garrison, Admiral Brind al-Right. hinded a mocktail parly given by the Assistant Naval Attache.

After

A farge gathering of high ranking officials visited HMG London where Admira! Bring entertained them at dinner March 3.

Admirals Meet

on

The following day now ʼn meet- ing between Wo admirals.

VWO-

The majority of the 3,536 can- didates are elther Communists, Gauliisis or other party member endorsed by General Charles De of the French Gaulle's Union l'ople.- United Press.

BENEFIT SHOW

Personalia Portuguese Catholics

Mr. Robert Jose, District Traffic Mannger of the Pan American World Airways Shanghai Offco, arrived here yesterday by plane on a business visit,

Mr. Jose, who was welcomed at Kal Tak by local PAA officials,

For the beneft of the Society | is due to leave for the North te- for the Protection of Children, i morrow. Women's Auxiliary. I Gula

The strikers are demanetlag in-Admiral Oscar C. Badger. Com-Performance of "The Winslow manding US Naval Forces, West-Boy" is to be held at the Lee

Thursday rn Pacific, arrived by plane at Theatre of Shunghat and boisted his ding inp.m. USS Springfeld, Calls were ex- changed later.

FUTILE HOLDUP

An attempt to rob thay Hung Kwel Cheong Drug Store of No. 350 Des Voeux Rund Central-by four robbers, two of whom were armed with revolvers, was r. ported to the police yesterday,

Shortly after 5 a.m. tour rub- bets entered the premises, when the shop tokir thought that they warife to buy some medicine for

Urgent need, Whom the occupants of the flest floor heard the noke anel found out what was happening, they Inmediately turned in an alarm. The robbers

tenpect.

On March 5. Admiral Brind dave a luncheon party abourd his Aagship and a cocktial party on the following Monday.

Admiral Brind Bow to Nan- king on March 8 and spent a few days in the capital.

His ng was then transferveri IMS Alert aboard which he returned to the Coley.

En route HMS Alert called nt Swotow, where port offelala were entertained at cocktails.

Captain M. J. Evans arrom- panled Admiral Brind as Acting Chief of Staff during his tour.

The Society, for the second time, has to thank the Theatre for donating the whole

Lo proverds to this charity.

on Flins has generously con- kented to do the same,

Observe Anniversary

The first anniversary of the inauguration of the Portuguese Catholic Association was cele- brated in the brilliantly-lighted hall of the Club Lusitano last night by a large attend-

ance.

by

Sousac.

But Bride Is In Manila

¡(By, Our Harbour Reporter)

1

It was one of those on-the-deck romances of "boy

meets girl,” ending happily ever after. But Ray Mirogliotta, purser of the ss. General Gor- don, which arrived here yesterday, has to wait a few weeks more before he is re-united with .his newly-wed įbride at. Manija: from whom he was separated by duty after a two-day honey-

moon.

The couple met aboard the and Bon, Hong Kong, returning APL nor last year when Miss from à tour of the Far East, Mr. Rose Hollman was travelling Yuen Wel-ising of the Robert from Shanghai to San Fran Dollar Company and Mr. Esteban She became Mrs. Mira- Rosario, an attorney vacation- cisco. gllotta on March 10 when the 18 here wilt his family.

Gordon called

En route to Shanghai are two General

atlady ductors,

Miss Peuri Wong Manila.

and Chere Mei-chin, who have The departure of the ship en received their Ph. D's, in the March 19 for Hong Kong ended United States. Bath are connect. their brief honeymoon.

ed with the Methodist Church at Best man, for the young bride-Foochow groom was John Grady, a fellow

Touring Europe

and South ригнот, while Miss Virginia da Aries are Dr. Asein Frenco and Miss Eloisa Lopez, bound for Son Francisco.

Silva

was mald of honour. The reception at the bride's home was well attended by per- connel of the General Gordon, To quote an officer, "we had a rear- Ing timo"

The sixteenth voyage of the APL liner was also marked by The presence of several dis tinguished American personall- ties, among whom was Mr. Lapura, veteran cook of Presi. dent Harry Truman, who vacationing in his native town.

Hong Kong by next month, He

Stowaways

The General Gordon brought 360 passengers, the majority Deing Chinese deck class fares.

Boat Tragedy

Shortly after the APL finer had berthed alongside the No. 1 Pler at Kowloon Wharf, the Water Wah, which sunk last Saturday Police fleated the motorboat Yuel

when she was taking Mr. Yim Fuk-ping across the harbour to

were

Mr. Lapura is expected to visit prepare his luggage before em

barking on the General Gordon disembarked at Manila.

to return to the United States,

Mr. Yim, manager of the Man Kee Company who arrived herg A few miles off Manila, the Chunyahon from America.

recently to visit his family at General Gordon had to anchor after he

died to receive two Fällpiho stow the water.

was huuled Prizes were also distributed | Liberation Shjeld, presented, by

out from Passengers arriving here yes- to the winners of various Mrs. H.A. Castro to Cuptain C. aways from the General Meigu. ut 0.30 terday by CPA from Manila in-

His two friends who Two other stowaways vere die- games by Mrs. H. A. Castro Castilho of the "Conquerors." eluded Mr. Arthur Palagi and and Mrs. L. Ribeiro.

assisting him with his luggage The rest of the prizes were dia- covered aboard, the Genstal

still missing. are. Richard M, Mr.

Braten, toth

Gorgon. The four were sub- was markedtributed by Mrs. Lula Ribeiro: United States

The anniversary

Floating on her starboard side Government off-

sequently handed over to the well immersed in the olly water, cials, and Mr.

a Choral Senior Ping Pong Championship Manalo yesterday morning E. B,

authorities. Philippine

Mass Government weather

celebrated At the Saint Shfeld-L.G. Cruz, runner up-1.

the moinrboat was salvaged by. 2tong Kong itself yesterday re-her owners. forecaster.

Margaret's Church by Mons. H.

ceived Reveral "VIP",

Among the things Valtorta, Bishop of Hong Kong,

including recovered were the ennvas cover- Junior Ping Pong-T. Thomp Mr. Carl W. Gabrielson, who is ing and followed by his blessing of the soh, runner up E. Sousne.

the licence. She was Chub banner.

studying business conditions ininter towed away. Manila Championship. the Philippines and Japan. The Mons, Valtorts and Rev. Father Ribeiro and E. Marques, runners Assistant to the Vice-President garet's, were unavoidably pre- Liberatore, rector of Saint Mar-up-R. Castro and M. Loreins.

of the American President Line Casino Championship-A. Re-(Orient Division) is only-passing vented from attending the dinner medios and L. Sousae, runners up through the Colony. Mr. and Mrs. held at the Club, due to indispost-L Remedios and C. Cruz. Ciaoric sun will leave for Shang-

Berlin, March 20. tton.

occasion t by the General Gordon today. Reator, said the Western Mark The Lord Mayor. Mr. Ernat was the President of Mr. R.M.V. Ribeira, who made à the Club,

Those who

lisembarked here would be made Included Mr. Gisson Chien, De tender in Western Berlin today,

the sole legal short address to the gathering. puty Director of the Ministry of He, concluded by thanking every- Posts and Communications.

The announcement endiing Mr. Western Berlin's one present,

Haseamoi Dalamni of

dual currency Datumal

system would be made at 1700 GMT (I u.m. HK time), he said, ---United Press.

the

Lady Gibson Chairman and the performance in under the distinguished patronage of Governor and Lady Grantham who are to be present.

Booking is at Moutrie's and the sents are $10, $8, and $5. The up- per gallery, where one can see very welt, in $1.00.

Arrivals from Singapore by and Mrs. A.R.M. Elliz, Rev. Father BOAC yesterday includett Mr. M. Munsßeld, Mr. R.A. Wickenson and Mr. S.G, H.

The BOAC craft arrived here a The Reverend Fathers Pitnving day late because of bad weather Calzini, and Brother Radici were at Kaitak last Friday which caus- | among the large crowd present.

depart from here on The prizes distributed were as follows: Intermember Lengue

The cast is excellent and a most interesting evening is pro-ed it to mised to all those who attend.

1 Saturday.

Prosiding over the

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Balance Sheet, 31st December, 1948

CURRENCY CHANGE

Capital-

£-

Stock authorised and issued

3,000,000

1947. (Adjusted)

£ 3,000,000

Current Assets---

There is under the Charter a reserve ability of the Stockholders

equal to the amount of Stock issued ).

Cash in Hand and at Barkers...

£

1947. (Adjusted)

£

19,485,030 23,110,595

Reserve Fund

3,000,000

3,000,000

Profit and Loss Account

406,437

403,326

Government and other Securities at Market Value-

Quoted on London Stock Exchange Quoted on Overseas Stock Exchanges

6,406,437

6402,326

Current and other Accounts, including Reserves for Contingencles,

Taxation on profits to dale, and Exchange Adjustments

•

108,278,806

100,072,183

Fixed Deposits

12.131,013

10.080,244

Dominion Government and other Securities at Local quotations Hongkong Government Certificates of Indebtedness for surrendered

coin lodged against Note Issue

41.007,990 9,091,008 2,576,723

53.576.027

31,094,779

1,700,000

Notes in Circulation

3,522,106

3,303,905

Bills Payable

1,208,757

1.875.653

Ioans Payable

2,411,230

Deposits by Nominee Subsidiaries

Proposed Final Dividend, less income tax

381 99,000

Acceptances. Including Undertakings to Accept on Account of Customers

4,362,311

1,342,300 381 115,500 2,800 307

British Government Securities at Market Value-(Quoted on London

Stock Exchange) lodged against Note Issue

1.789.375

132:014.704

Bills of Exchange, including Foreign Treasury Bills... Advances to Customers and Other Accounti... Balance of Remittances, Drafts, etc., in Transit between Hend

Office, Branches and Agencies

119,886,473

Liability of Customers for Acceptances,

accept, per contra

including

undertakings to

***

**

·Fixed Assets-

3,480,375

3,420,497 3,840,334 4,754,675 50,590,069 37,002,519

728,403 942,506

4,362,311 2,890,307

136.032,755, 121 115,878

JPL

Allahabad Bank Ltd.-37,648 Ordinary Shares of Rs. 100 each of which 14,665 are fully paid and 22,983 are paid up to the extent of Rs. 60 per share at cost Nominee Companies

747,705

The arcete of the Nominee Companies amount to £31, repre-

sented by Deposits with the Bank, per contra.

748,080

Bank Premises and Furniture, at cost, less amounts written oft

1.620,300

749,080 1.124.835

2,368,380 2172521

NOTES:--

(1) There are contingent liabilities on Bills rediscounted £3.038,372 (of which £2,220,043 has run off at 7th March, 1940) and commitments in respect of Con- firmed Credits, Guarantees and Forward Exchange Contracts.

(2) Contracts for cutstanding capital expenditure on prgmises amount to appro-

ximately £84,478.

(3) Currency assets and abilities have been converted at the following rules:-- Rupee is, od.. Straits Dollar 28, 4d., Gulider 28. Od., Tical ed., Indo-China Plastre 4d. Hongkong Dollar 18. Jd., Gold Yuan 400 to £., Philippine Peso 25. d., Yen 1000 to 2., and United States Dollar Br. Od.

(4)

Heturns have not been received from the Kobe Branch relating to the period prior to re-opening after enemy occupation and the figures included in this Balance Sheet in respect of Assets and Liabilities relating to the period prior 10 re opening, have been taken from the fteturn dated 15th November, 1941. (5) Under Part III of the Eighth Schedule to the Companies Act, 1948, the Bank is exempted from showing the aggregate amount of its reserves and the movements thereln.

(0) The day of the accounts of the Allahabad Bank Ltd., or shown, is 318 March, 1948. Although that Bank is technically our subsidiary it has not been con- sidered advisable at this stage to ask the Directors of that Institution to alter The date of its financial year to coincide with that of this Bank.

11. F. MORFORD

D: STEWART

A. C. GORDON

Masagers.

Accountants,

H. G. F. KIRK

£138,421,141 £126,288,799

Subsidiaries-Shareholdings at cost-

V. A. GRANTHAM, Chairman, C. R. CHERRY

Directors.

J. H. S. RICHARDSON

737:705 381

£138,421,141 £126,288,799

REPORT OF THE AUDITORS TO THE STOUKÈOLDERS, We have obtained all the information and explanations which to the best of our knowledge and boiler were necessary for the purposes of our audi; apart from the returns referred to in Note (4) on the balance sheet. In existing circumstances it, has not been possible to reconcile all outstanding transactions between branches previously occupied by the enemy and the head Office and other branches. In our opinion proper books of account have been kept by the bank so far as appears from cur examination of those books and, with the above-mentioned exception, proper returts adequate for the purposes of our audit have been received from the branches, which have not been visited by us. We have examined the above balance sheet and annexed proft and Has ten unt which are in agreement with the books of tecount and retuma as aforesaid. In our opinion and to the best of our information and according to the explanations given to us the said recounts give the information required by the Companies Act, 1948, in the mannoy so required for banking companies, and on the basis Indicated in Note (6) on the balance sheet, such balance sheet gives a true and fair view of the state of the bank's affairs as of Blac December, 1948, and the profit and loss decount gives true and fair view of the profit for the year onded on that date. We have diso examined the annexed accounts of the subsidiary, Allahabad Bank Limited, which have not been audited by us. Subject there to ka our opinion such accounts have been properly prepared in accordance with the provisions of the Companies Act, 1948, so as, in conjunction with the accounts of the bank as audited by us (which include particulars regarding Nomines Companies), to give on the basis mentioned above a true and feir view of the state of affairs and of the profit of the bank and its subsidiaries so far as concom stockholders of the Chartered Bank of India, Australia & China, and ho for an is practicably havlig regard to the fact that the accounts of ond subeldiary and made up to a different date and cover a different perfod of a year from those of The Chartered Bank of India, Australia & China,

Reminders

Today

HK Field Society, meeting at the SCM Post Board Room, 3.30 p.m.

Whist Drive, European YMCA,

.. 8 p.m.

HK Football Association Emer- soney Sub-Committee meet- ing, 5.15 p.m.

Lecture on "Italian Painting

after

Renaissance" by

the

Rev. Fr. T. Ryan, PRO Lec- ture room, 5.30 p.m.

BK General Chamber of Com- merce, annual general meet- ing, Roof Garden, HK Hotel, 4,30 p.m.

Coming Events

TOMORROW Ballot for beach huts and aites, Urban Council Chamber, 3 p.m.

Debating and Discussion Group meeting, European YMCA, 8.45 p.m HK Rotary Club, Closell Meet- ing, Roof Garden, HK Hotel, 12.30 p.m.

Offcial Opening of Rediffusion by

the Governor, ''p..

Bridge Drive, European YMCA,

8 p.m.

·

WEDNESDAY

Toe H Club meeting, Talbot House, 50, Macdonnell Road, 8.30 p.m.

Combined Debate with Toe H,

Flag

European YMCA, 8.45 p.m.

Whist (Guest Morning), Women's Section, Europenni YMCA, 10 a.m.

THURSDAY

Y'a. Men's Club of Hong Kong, luncheon at Roof Garden, HK Hotel.. 12.45 pm.

Kowloon Rotary Club luncheon,

Peninsula Hotel, 12.30 p.m.

THE

HONGKONG 'SOCIETY

FOR THE PROTECTION OF CHILDREN

London, 9th March, 1940.

W. A. BROWNE & CO.,

Auditors,

DELOITTE, PLENDER, GRIFFITHS & CO.

Chartered Accountanza,

Profit & Loss Account for the year ended 31st December, 1948

Allocations

1947.

C

Amount, written off Bank Premises Officers' Pension Fund

180,000

100,000

Widow's and Orphans' Fund .....

144

16,000

243,000

*125,000 100,000 10,000

235,000

Balance Brought Forward from 31st Detèmber, 1947

402,320

1047: € 387,268

Profil, after providing for Taxation and after making allocations to Contingency Accounts, out or which Accounts ruit provision has been made for doubtful debia

407,111

448,058

6% proposed

12%

Dividenda Palt and Preposed; loss incomo taż-

Interim 6% paid lat October, 1948 Final

Notes

119,000

99,000

(1) The aggregate emoluments received by the Directors. for thele services

bounted to £14388; VAN KLE

Aulations free for the year are #2,000,

The mom mine subidiaries do mes trade and their accounts show neith

· Rážanies Proposed to be Cheried Forward

£135.328

EVER READY TO AID BUFFERING "CHILDREN

Hán.

'MR. A. M»KELLAR

די

-Missers Maskinnon, Menkonzis

ÁMÁ. LU FOOK WO 67% dank, of Kast. Azin, Ltd..