1950-01-09 — Page 6

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THE CHINA MAIL, MONDAY, ‘JANUARY 9,, 1950.

FACTS THE PUBLIC SHOULD

KNOW ABOUT THE TRAM DISPUTE

D.80, Econ. (London), Chairman

Urban Couholi 1940,

By G.S. Kennedy Skepton

The strong line taken by the Tramways Management in DIVIDEND their dispute with their workers

Reporters & General Office 12312 and the apparent enormity of

the latter's demands will have: no doubt suggested to the. public that the workers' de- mands are unreasonable and Hikely to bankrupt the Com-

= months

* months

Ons Year

HK$18.00

HK$36.00 HK872.00

All name contribution to bai pany. addressed to Editor-in-Chief. Advertisements and Business com- munications should be addressed to the Company CHINA MAIL LTD.

SECURITY IN THE

PACIFIC.

An examination of the avail. able dota, however, indicates that there is certainly danger of

GO

the latter, And that from what Ifttle a known of the cost of liv Ing the workers' demands are not prima facie unreasonable.

14

NII 31.4% 10.0% 21.0%

A

NII 1300 1930 2720

Thus over the last two years (aubsequent to revalueing of fixed asseta at higher post-war valuca):~

Profits on investment have

..

pro-

$80

Good Morning

Up to Btandard.

Oil for the lamps of China may

help grease the wheels of U.S. comition soon, the crystal ball

foretells.

As to

that

who man married and then

It name in vain.

•

"Electric baby-washer." Ohm-loving omahs?

Column B. Total Expenditure assumes married man B) (Weight *ar per Column with 2 children. DIVIDEND as the following data, which ato ap-i

The above figures indicate that percentage of proximately correct CUS total

Invest they go, indicnto that o

far as present real wage for tramway careful coodies are about 8 per cent less ment

survey would probably justify a than before the war (in the large part of the claim of $3 a day. portion or 5.91 to 0.44), but that

Before the war (1941) pay off the workers get the extra n typical low grade tramway a month now demanded they will reported, got worker viz. road repair coolla be 50 per cent more (for higher refused to live with his bride, of three yours service with mini-paid workers the former figure is the poor girl obviously took his mum wage of 44 cents a day, one greater and the latter less). three-year increment of $2 a month, and 1041 High Cost

impossible to ignore of

the fact, Living Allowance of $2 a week. however,

that coolior f 1941 For Inclusive monthly

led a miserable existence. For pray averaged 25.0 per cent of invest-Present basic pay ......$24

instance the typical family of four persons would require at least 2% of same grado

cattica of rice a day. This at 12

"Brith immigrants settling in $1.40 a day — $43.00 a month cents a eatty, the 1841 price for 3rd well in Australia. Present High Cost

grado, would alone absorb three- of Living At-

Gad, the housing shortagı must eighths of the $24 h month wage. be worse down there than I $90.00 a month and since no

one could

work thought. (Same for higher grades)

without rice it probably did.

the wife Usually, of couFFE, worked too, but there were times when she could not, and sher prob- ably needed more foot at thear times. Moreover the workers in most countries nowadays demand a gradual advance in their stan- durd of living.

ment.

And dividends have average 10.2 per cent of investment. His interesting in the light of

Taking the Company's position Arst, the following are financial particulars of the

towance Company's the above dividend figures to operation since the War, extract consider what the result would ed from the Annual Returns Ated have been if the additional $3 a with the Registrar of Companies. | day which the workers now demand had been paid to them since January 1, 1946 (prices in post-war 1945 were much lower): Add $30 a month

(Thousands of HK$ in all cases)

Year

1945

The North Atlantic Council has met in Washington to consider the "strategic con- cept for the integrated defence of the North Atlantic area." The Council and President | 14 months) Truman will no doubt up- prove it, after which milltary aid will start flowing from America to the European Accumulated Year's Net Dividend

will

1940

047

1048

Prot

730

Profi 150 (4 mos only) (1) 9.560. (2) 2,273

2,498

3.700

members, and the regional planning groups will make a

405 practical start on their vital tasks. Thus 11 tremendous change

United in

Stater 4859 b2.000 security policy brought into effect.

In the Far East the pro- blem has hardly passed the stage of open discussion. In some respects the old position

been has

reversed. The United States has shown as much

diffidence about Pacife Pact as it used to show toward what it used to regard as the quarrels and intrigues of the Old World Yet the Far East has always commanded exceptional in- terest in Washington, and still does Now that Europe has been more or less settled, that interest will revive in constructive policy.

A

fuct.

It has already, in been brought to the fore by

ردا

Caplial

3,250

3,250

0,750

9,738

Taking the number of workers al 1,000 the cost of this payment would have been $1,095,000 a year which would have reduced divid- ende as follows:--

Total present

wages

month (app.)

142.80 X 3.01 pre-war

now demanded X 3.75

Total pay now

demanded X 9.60 pre-war Whereas Corta of important Tons of axpenditure have increas- The serious and continual over- Fed since 1941 as follows:-

crowding at the frame is another A B

consideration. While increapes Estimated

The

Company It profits of the percentage also inereust:s the pressuro on

of

the workers. On all these counta 1948 total there is much to be said for a

outlay

higher real wage Quan la 1941:

Total Invest.

Recuerd

Canh

Year's

Better!

NII

Crit

물건을 빌어요

Yent's

1. INTH

Divid

URIN

1,300

116 3000

HKTI

centagr

of five.

1.930

mekt

2,720

3044

ALAN

2

1.88%

INT

11000

K30

7.19%

3rd grade Rice

free

этом

1120

12. 10%

from IZ 10 52 contentty 4.33

37.5

from 7-8 conta to 40-49 cent #culty

2 x 60

10.A

28-

pre-war

one

Bed space ac-

commodation

Capital Interensed present of two $5 shares for each

Apart from the cash divid-Green vegetables share belt by shareholders. **Appreciation of 1txod

end for 1946 there was in May ! sela as result of 1948 revaluation

1947 a share "Splits' dividend of on Agure based over

Two free shares for each existing valuation

In 1047 and 1948 a high rate ***1940 Accumulated Profits 895 of interest was earned on the in-

1946 Unappropriated Sur.

creased number of shares plus... 156 Since lividend muncy is money 1946 Unappropriated Sur- a company is able to spare, it is?

plus

... 242 clear from the above that the 1040 Transfer to special 460 Company could have spared the

Contingency Reserve

money fur this extra $3 a day and still pay good dividends to 1940 Transfer to General

Its sirelioidera Reserve

1947

1947 1947 Balence of revalua- tion of fixed Assets profits after allot- ting of 6 milion dollars to two for

200

365 282

e share dividend 律師

Total

2,050

the reaction to the con- These Agures Indicate an ex-

cisions

tremely prosperous position. The

the shureholders.

Year

Secondly, as regards the jun Linealiun or otherwise of the workers' claim, in the sbaunca et a competent cost of living index

the matter is for from clear, but i

from $3 bo

$30

bed spaco Suit of cotton

clothes from

$2.40 to $14.50

X 10.0

23.0

X 6.4

43

Entertainment:

o.g. sinema seats Drum 10 curta cents

x 3.0 10 Total figures : X 0,44 00.6%

to 50

Evidently the workers' cano de- serves consideration. This being so and in view of the intolerable Inconvenience caused by the stop- page, a committee of arbitratior both parties and acceptable to with full powers to enforce t decision on both parties should be appointed immediately.

It would be well if the Chair- man represented the public and at the same Ume understood the

στα

Freedom is fine.

Jaywalking like anything Down the street strut

swing Dripping meat on diety string. Many dirtier lovits I bring From the passura-by.

Though fine miment they may

wear

Which I ruin then and there. Who are they that I should

care! Cleaning thom is their affair.. Who should worry? [7

What like about Hong Kong Js this English law so strong That, whatever I do wrong, None

my coullo dong...

Anything gets by.

If in China 1.walked so, 1 would surely stop a blow

will

Era two steps I chanced to go. (That's the reason long ago

I bld home goodbye.)

Now that the Red

hordes of

Aglu have Awept to 訂 victory United Kingdian methods of deal- which may change the history- ing with labour disputes, and Mr. of the world with modern U.S. K. Baker, a Labour Department official and formerly a prominent Weapons taken from the KMT, it

WIR Interesting to official of a U.K. Trade Union, Truman trying on his now would be an obvious selection for "non-intervention" halo for size. such a post.

Hidden man

en man of Tashkent

Dutch officials who will By John Fisher

Unwise listening

+

•

Mr.

"Who broke your window, Mrs. Johnson?"

"My husband, fear. He ducited.”

·

•

One real thinker claims that In the duel af sex, woman fights "Though I had a wireless sut from a dreadnought and man

my own quiet flut It was ex-

from an open raft. Iremely difficult. even under those favourable conditions, to hear the BBC chiefly owing the continual blaring of local station on practically the wavelengths."

to

spac

Molotov's new job

Myrllo's grandfather, recalling the hectle days of the suffragette movement in England, talks of an elderly crusader, often in jail for the cause, who was arrested with young girl sentenced for the Drst time and taking It very hard.

Later the older woman heard

troversy about Taiwan, but minor rather than major de- protis due to appreciation of fix- shortly hand over Indonesia

are alone involved ed assets (56,500.00 above into the Republicans are sure for "slanders against

be held to be merely proportional

Germany" for the present. The overall to the general fail in the value of that the scene is now set for and "denigrations of the German picture is still far from clear, money after the war and there the reappearance there of Government" would not be for and it cannot be till the posi-fore to represent no real proft to the man whom Moscow has off. tion of the two principal

Hur the other profits are not to been keeping up its sleeve units, China and Japan, has be so discounted and represent an for more than 28 years-a been clarified. Britain's re-¡ extremely high rate of real profits lightly built, thin-faced orator

Can the BBC really

gel the cognition of the Chinese Com- as indicated by the very high cast of nearly 80 named Semaoen truth over to the Russians? Al-

dividends paid out sharehol-

Sir David Kelly. the British munists will make no imme-ders.

most certainly not according to Ambassador in Moscow, has been the giri sobbing in the next cell. diate difference in the gen-

Like most of the surong-wear- Major-General Richard Hilton, told that Molotov has The following figures illustrate

been Rapping energetically on the ang Javanese from the

poorer whose book, "Military Attache in working entirely in the economic dividing wall, sho called: "There, eral situation and in the this..

classes, Semacen makes do with Moscow," has just appeared. sphere since his remaval last there, dear, don't cry. Put your opinion of American officials (Thousands of H.K.$ in all cases) 4 single name. Very little is

"The complete lack of privacy February from the Soviet trust in God Sho will protect will not complicate the posi

Total Invest-known of his parentage and early in almost all the so-called Foreign Office,

you." tion regarding Taiwan's

life. ment (capital

except that he comes from homes' of the people in Moscow plus Accumul- the central part of the island. They have pointed

would, in practice, make it im- If this is true, negotiations for status.

ated profits)

possible (and extremely mwise tying up China's economy with out that both the British and

3980

Semacen joined the Indonesion even if it were possible) to at the USSR are now almost car- American Governments re-

Communist party in 1920-and tempt to tune in to any foreign tainly high on Molotov's priority only a year later made his first station. cognise that Taiwan is part

In 1923, after he "Even if the would-be latener trip to Moscow, of the

Russia already owns a 30 per had organised

tune in to the foreign the big rollway managed strike in Java, the Dutch authori- wavelength through the clamour cent share in the big Manchurian NET PROFITS NET PROFITS les gave hhn the choice of being of several other familles around rallway and control of the ter- percentage interned on the Island of Timor him he would assuredly be re-minal parts at Dairen and Port total nor of leaving Indonesia for good. ported, sooner or later, as one Arthur in addition to which she

having Western sympathies

and plans (1) to get ahead of Japan1 both he and his radio set would in merging Manchurian and quickly disappear.

Soviet economy and (2) to se cure mineral (Including uranium) exploitation rights in the pro vince of Sinklang which borders on Russia, Afghanistan, Tibet and Kashmir,

Chinese territories formerly occupied by Japan, though its final legal disposi- tion must await the com- pletion of the Peace Treaty with Japan-irrespective of the fact that the island now occupied, under binding Allfed agreements, by the Chinese Nationalists.

1043

four month)

1046

4135

1947

1048

11009 12400

05

是 vestmeat

11.8% (rate

156

is

per annum)

2273

55.0%

2490

3700

21.57

29.8%

22 years where?

peared at various

public.

"

11

contess

al-

now TUN.

RUSSIANS USING "GRAF ZEPPELIN"

list.

f

In short Stalin's economic da-

Berlin, January 6. Russin has adopted one Amerl signs for China appear at can guided missile development moment far more definite by mounting a rocket launching his political plans. platform on the former German aircraft carrier, Grat

sald today.

Zeppelin,

the

than

"Now, if they'¿: institute am official" inquiry. Into the con stituents of Vienna Steak " they might do some good..”

foreign

One thing still remains to the an American-licenced newspaper Chinese after all their 25 years of internal and external fighting The paper, "Tagges Spiegel," their hatred of ALL

.kets are being red between

said that radar-directed roc-devils. Leningrad and the former Ger- man experimental station at

He chose exite, and soon after was appointed a member of the Executive Committee of the Pearl Harbour began the

Comintern. Up till 1927 he ap- International revolution in American policy in Europe without

Communist conferences. security thinking. The much hope of concrete sup- Pacific Ocean is still as broad port from across the Atlantic,

Then suddenly he disappeared. as it used to be in the years and the United States has to

Even the Dutch Colonial Qu- before that staggering event do much the same today, for thorities at The Hague made distances aeeth so much there is only what has been that they do not know exactly smaller. The attack came called "the precarious neu- what he has been doing for the from the Far Eastern part trality of third-rate nations" past 22 years, but they are of the Pacific, and taught to rely upon. The American most certain that, he will return soon to Indonesia, elther openly that security begins there, sensitiveness to any threat to or by the smugglers' route from and not at Hawaii. Since the Western dank in the Malaya, and attempt to oust the Feenemuende-United Press. then it has become in the | Pacific Is

comprehensible, moderates from the mind's eye very much what China has. for the present the North Sea and the Eng- failed her, Korea is an un- Recently Semnoen has been

FOR U.S. lish Channel have been to wanted problem child, and working in Tashkent in Russian Britain for so long,

Japan is

Manila, January 8. an enigma-Russian radio propaganda ja

President Only the size differs, and liability more than an asset. directed to South East Asia,

Quirino, of Philippines, who left by air today if the last war transformed General MacArthur has just

And Semaoen has been one of for medical treatment in the ideas about the size of the said that Japan has the in-the principal broadcasters,

United States, is also expected to Pacific, what must be ex-alienable right to defend her- British newspaper men in make "important policy decisions" pected of a conflict in the self against unprovoked at-Germany are applying to the Oc- there, un official announcement

for pai-indicated, new atomic age-especially tack, despite the prohibition cupation authorities!

manent safeguards against-at- This, it said, was the meaning when there is not even any of armed forces contained in tempts to influence their report of the fact that the President is distance at all in the far her Constitution. But that ing of German affairs,

accompanied by his personal Economic Adviser, the former North where the two contin- statement is not followed

Correspondents who have cr-Speaker of the House of Repre ents meet.

through to a logical and re- ticised German methods and sentatives, Mr. Jose Yulo-Reuter pugnant conclusion, and can- actions are already rione too not be at this juncture. popular and have recently, been

Turkestan: It is from there, that

In their efforts to get the "facts;}

QUIRINO LEAVES

the

wrote

If little has been heard of a Pacific Pact it is largely

MINE PROJECT because there is so little at China may herself provide obstructed by the German poifes

Johannesburg, January, 6. present in the region on 4 hatter and more conclusive inpu

Hding Tho, "biggest thing since... gold which to build it. The United | answer in time to come-but. At present accredited newa- was, discovered" is howBir States battled her way across not now. Taiwan is a con-mon get curtain privileges, in- Ernest Oppenheimer, chairman of the Pacific very largely by spicuous but not essential Germany with no restrictions on describes a project to put £200,

cluding freedom of movement in the Anglo-American Corporation, HANG JEWELLERY her own will and strength, lake in the chain of Island visiting Beclinatiorities 000,000, sterling into the urgent

and the position in res-defences," China remains the But 14, my have development: of. 18 · Oranga, pect is not much changed to major factor, and if anything been contemplating, the news4] State; mines. Bir Ernest day. In the West there are is to be changed there men's status is changed to that this in a paper published by

of "ordinary a foreigners," they | miners of Welkom, Mine, powerful and friendly na- must come from within. Bri would have to get special por He said: "^"This", will be" the tions to take the first shock fish policy recognises this, mission from gjethe Russians) to most extensive mining, develpo- of attack. That may make a and so does the policy of the visit Berlin which might be difment the world has evorsona lot of difference later on to Indian Government, whose cult in times of orials To bring 13 mines into full pro

Also no one quite knows what | duction wil mean spending at might Happen foreign: news- least £130,000,000 plus £70,000- till there have been greater communicated by the New paper correspondents in Ger 000 In essential services. These changes in Eastern Europe. York Times correspondent any became completely subject are tremendous gurps. They to' Germany civil and criminal indicate in terms of money the We used to have, to take is the most realistic and com- law, but the odds are that red vastness of the new enterprise our own line of defence® prehensive yet published.. strictions and expulsion orders | United PresEN ONDA KAD

Wholesalers of CUT-DIAMONDS

Sole, Agents for

Liberty Diamond Cutting Works (Pty) Ltd the Pacific altuation but not reading of the situation as

Johannesburg Beuth Merion) qu

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