1950-05-25 — Page 3

i

Peak Tramways, Ltd., hold annual meeting

The Peak Tramways Limited held their annual general meeting at the Hong Kong Hotel yesterday to pass the report and accounts for the year ended Marth 31, 1950. The Chairman, Mr. D.E. Clark, reviewing the year's

working, soid:

"Geatlenien:-The Report, State- ment of Accounts and Auditor: Report having been a your hands For the prescribed period, I pro. pose, with your permission, toj take them uk rend,

amounts

1

| CHINA MAID, THURSDAY,

MK financial settlement with UK; defence costs

(Continued from Page 1)

Reminders

Toddy

Forers Nigher at St. Andrew's Church, Fig. Forces - Fe- cursion, 2 p.m. Peter Eragons Photography Club

mevlity at Nine Dragons: .upattifra luxige, 9 p...

payment was due. Certain 'typich; } Labe, fat that ná the full finimum necessary,co, matitalls Club Esitano “at hbuc”, to re

the intter

ceive dipluta conferring, the Officer of the Order of,Christ from the Portuguese Govern ment, 5.30 p.m.

of the heavy mliftdry tramé for higher lavél thin ved estimated which was not designed, and for. This underlines, the, netra (for which no charge was due) that we would diso pay the small city for the additional taxation and the value of the stores aub- amounts or retention honey due now before Cornell, and the Bust- sequently retained by the Civil in respect of the La Salle College deza Rezialrations, Tax, which will Government in respect of which replacement huts. Add the Fatal be shorty Introdučba. "It Dr ala

water supply. of stores such as harbour craft

our Budget equilityfur, and a number of motor vehicles of these rodds, decluding of course we have grøtter

good were dealt with separately in the usistance received from the Yen I hope that it wir spices settlement and a compromise war military authorities in the way of The motion way, seconded By || The retiring Directors, Sirally reached on the value of earth removal equipment, hnd the acting Colenlof Secretary. Union Jack Club, Tombola, 7.30 ·

the stores which mrived after seen met from along Kook funds Sir M. K. Eo's cominïents | Nine Robert Ho Tung, Mr. H. Kadoorie, Mr. M.H. Turner and Mr. J.D.

the military adininistration had and ns we had met two-thirds of

a bragons Services Club, Hong Handed over to the Civil Govern-the cost of the. Fanling water Alexander were re-elected.

Kong Band Calf,.8 p.m., Peat, Marwlek, Mitchell and ¡ment and which were reláinéd by

supply

Describing the souffrent die d should retain owner- we

Photography class, p.m. Company were re-appointed su

ship of these works without any disappointment, Sir Man-kam Lo, HR, Women's International Club, Editora at

remuneration of "The settlement finally reached further payment when the mill- an unofficial member, suid.

really boiled down to a general tary ceased to require them. This **As I understart it the net cas setting off of claims still out was nanlly agreed to after rather sint of the mountai settlement is standing from the late war. The n tussle with the War Omée re-thin: a clean slate up to March 31.

nnum of £00,000 presentatives, but were resulted in

but they insisted 1050 the Colony has 25, na m

of £1,000,000 4 remaining due to Hong Kong and, that any hutments constructed ash the sum as the basic principle was that from their funds should be dealt contribution towards the no mondy shound pass, this sum with in the usual way as fixed the garrison for

curren was regarded – as covering our assets when they no longer had hadelal year, and in

dition the contribution towards the cost of a use for them. clause was, necessary, sum for meeting, the reinforcements up to March 31 however, incorporated. In the dental cláimer und certain entry 1980, and as a final settlement in agreement to the effect that all gory of the War Supply Board's respect of the stores supplied by ixed assets handed over to us by chima. His Majesty's Government ofter the War Office prior to April the re-establishmetit of Civil 1950, were covered by the agree Government on May 1 1046.

ment and became opre without Claims wiped out any further cash payment. "Summed up in a few words the effect of the settlement in rospect of the Anapetal year 1949-50 is to wipe out, with ong

"The settlement only covers (Ke or two minor exceptions, all tums owed by this Government in perfod, op to the end of the pre- We werk respect of claims connected with seni hancial year. the last war. These claims, had pressed to enter into an egree- they been pressed, would have inent covering the, Criancial year

"Profit on the year's working, † 11K$1,500 a year. Lowe, Bing after allowing for Depreciation ham and Matthewn did not seck +37 Buildings, Rolling Block, re-appointment. Electrical .Equipment, etc., Present at the meeting

tp $245,085.70 ax Mr. D.E. Clark (Chairman), Sir against $215,919.32 for the pre-Robert Ha Tung, Mr. H. Kadoo ceding parlod.

tle and Mr. J.D. Alexander (Directors), Mr. J.L. Qule (Secre- "I might state that passengers tary) and Messrs. W. Sloker, W availing themselves of our trans-Paterson, D.A.F. Mathius, V.P. port facility numbered 1,389,377. Waller, A.V.J. Alvares, F.A. Oz. a total which exceeds our pre-rio, Lee Wai-cheong and FD. vious year's Brure by approxi-Wong (shareholders),

mately $12 per cent. As aniici- pated, there has been a dialinet reduction in revenue from the sale of workmen's kekets, but this has been more

than offset through the increased number of ensual travellers utilising our service, particularly at week-ends and on holidays.

"From the Profit and Loss Ac- count, It will be observed that ex- penditure on Maintenance and Repairs shows an increase of

Americans advised to

quit Taiwan

No additional taxátión

principal features of

When agreement at

bathing plente for Services, assemble at the club at 6 Din Annual meetings, British Trader's

Insurance Co, Ltd., 10.45 8.6. China

Fite Insurance Co., Ltd., 10.35 a.m., North China Insurance Co., Ltd., 11.05 H.m.; Ymigtse insurance Association, Lid., 11.15 am, Unton In- surance Society of Canton, Ltd 11.30 and at Union Building. Kowloon Rotary Club luncheon, closed.. meeting, Peniósulá Hotel, 12.30 pm.

Y's

Men's Club Ladies Night, Chinese Bikers, Club, Bonk of East Asia Bldg, 7,30 p.m.

Coming, avante TOMORROW

To me, and, as i feet sure, to all my Ugofftalat colleagu this settiment le frankly # diu- appointment. For it means that for the current year the Colony has to spend by way of ex- penditure

In the tenon of 25 per cent st its revenue which,

should imagine, moet be

at St. John's นา

Cathedral 1,15° pm: precedented in the cha ofion Jack Club, dance, & pm, Crown Cotony.

Recurity for defefice "a

complicated

I am absolutely

Anunciat questions

my

Recital Organ

Women's Section, European

YMCA DICEMUKing Class,

3 p.m.

Taipeh, May 24. The United States Consulate involved this Government in a 1951-32 as well, but we consider satisfied that no one could possi 10a.m.; Sociak Afternoon, $10,000, explainable by the falli General today "strongly ad- hyment of at least. £600,000. Ined that it would be unwise to do biy have put the Colony's 20 that we found it necessary to in-

iridition, a subslamial payiriem so very rapidis tend to change with greater fordel as with more Services Dance, European YMCA, stal a new cable during the year

vised" Americans in Taiwan would have been necessary in very

or a have dealt at some length intimate knowledge of all the 0 p.m. and part of the cost of this has to leave as soon as possible respect of the stores to which I

Nine Dragonit

Services Club, been, written off In accordanc: unless they intend to remain inve already alluded, which ar- with the

tombólag 8 paā... · with our customary procedure.

"Property

regardless of military develop-rived after the close of the M- the settlement, although Robout Involved timin

und were able Members are already familia) | friend the FloobProseistulida, of Awartis at Central Tax. also Rates, įments.

tary Administration

Police Stallon by Governor, Crown Rent and Insurance are

"Since the terms now. Vérovo An official notice signed by the taken over by the Civil Covern-with them as I have had an op

.5.43' p.m. portunity to explain the details this Council must be regarded as together about $10,000

ment. higher Consul, Mr. Robert Strong, in-

BATURDAY than a year ago, this being due formed Americons that "there can

would have been due in respect | Finance, Committee, since my re-Colony esulď obfaid, I fuck that Tombola, & R Valley, 2 p.m. "Moreover, a heavy payment both to Executive Council and the host favourable which this Nine Dragons Services Club, to the Increased assessment of our be no assurance that the United vndertaking by Government.

should be accepted by this Khee Mecting, Happy, States Government will be able to provide transportation facilities Wage

ge payment in any emergency that my arise," Americans in Taiwan had in- "As regards Salaries, Wages dicated yesterday they intended to and Retiring Gratuities, these ex remain despite the threat of a ccad the amount shown in the Communist invasion previous account by $5,000 ac- counted for through the neces The main question in Taiwan ity of granting increments

to today continues to be whether the cectein of our workmen in Reds will be able to carry out an cordance with revised scales op-

invasion this year. President plied locally to these staff cate-Chiang Kai-shek does not think gories. Additionally, allocations had to be made for the superan-

they will. eral of the stngf nuation of several

next three months.

within the

have cost if they had remained on their between £4 and 28 milion.

payments sary.

Financé

seand

; bet,

last war.

not, seek to raise' fure

SUNDAY

Shatin, members to meet at Jordan Road Vehicular Ferry, 10.30 am,

meeting

talk on "The Church Japan" by Mr. J. R. MacLachlan, 845 5.m.

Dragons Services Club, Tómboin, 8 p.m.

of the dest of rainforcement official level fhad been reached Ceuten. If for no other reason för tre financtül year 1949-50, for the cost to H. M. G. of London, a summary of the u these additional troops. over terms was telegraphed to long than that of putting an fad above what they would Kong and Your Excellency.com to all outstanding Bannelal ques Art Club, Retching party to

ned munfeated them informally to And I shall sa vote, but only on

arising from original stations, was Executive Commene a Committee the understanding that Govern Toc H Classical Concert, 50,

bere

Indicated Members

Macdonnell Road; 8.90 p.m. ment. will "As a result of the conclusion Honourable of this overall settlement these of such a settlement provided that settlement, but will, if necessary

ther revenue to meet this financiul European YMCA Armchair Group readiness to accept the their

Lerma revent will

nat now be

they were Inxtend the Governm

ziven

an undertaking resort to drawing on the Colony's This drawing on the will be able to transfer to re-

that no additional taxation would Teserves. on the be imposed this year other than Colony's reserves is, of course, an Nine profits made

additional justification venue the

tion for

the ** sale of War Office stores, together that already contemplated.

"Although the payment of the Inland Reventio Amendment BHI with certain sums which have

contribution of 1 milion in the seconit and third rowdings of been held in suspense pending decision on the incidence of muny respect of the present Bnancial which are on today's agents.

express the stron

the will year, will cause a deficit on, the

strong wilt th In a talk yesterday to members umeant to quite an appreciable Government has its intention of the

all CIATE for Assets, that the valuation of

Government accepte roy referred to

Any additional taxa- which the towards mecting the payments

An exhibiiion of photographic Rolling Stock has been

cen increased Generalissimo

strengthening of Taiwan's de-over mert under the terms Bill for the increase in the stand-sible excuse for any further des works of Mr. Lau Cho-chuk was

parties

opença di the club-rooms of the fences, caused by the Nationalist

and proffts lay.

wish to muke 1 Kong 217, Prince's Building, yes- would

Photographic Society of Hong Chusans.

lity namely in respect of those tax now before.

dear

the amount agrechterday... that "Talwan là how impregnable," claims for compensation for ships ndas Registration. Tax which will

be introduced, and the or for this year's shortly

contribution ho declared, adding: "We dan equlaltioned under

the one proposed tax on electric signi, towards the reinforced which H. M. G. would accept were they against itself, and an extraordinary mature hot Colony's standar

who had served the Company för

a considerable number of years.

you

will the Balance Sheet,

cserver

4

18

Taiwan now impregnable

of these war claims. These W Budget of just over $12) milliók, |Goverment or withi

Under Fixed of the minority parties here, the total, which will go spine. was "ver and above the [ponsibility. There cán BÉ HO "ANGL

by $55,000, and this chiefly relates to the cost incurred in the con-

Bird

for which thin

of

struction of the new all-metai pas i withdrawal from Hainan and the the settlement will assume labi-Yate of carnick the Busite.s

car

which was recently placed! in ser- vice. Designed 13 carry a

con-

full

no

onomy."

garrison 31

PHOTOGRAPHIC. EXHIBITION

gor be defeated by the Kong Defence plan of a type nless there are developments of [must, not po regelbontribution "one-man shows sponsored by the

plement of 62 passengers, whirb is nine more than can be accom1- modated in our standard type of. car, this feature has been accom- |

And the Governor of Talwan, plished through rearrangement of industrial lenders, expressed his Dr. K.C. Wu, in a speech before accommodation and the scating general fayout, without

to the comfort of who, we feel

The

any

Sacel-

firm belief that the Reds would

claims by firms in respect of

Kong War Supplies Board in 1941 goods supplied through the long

ba

as the

matters

The exhibition will fast (1) May 10 hi the third series of Present forese

Fature contributions are

Society. “And even if bilkumsignées for the future, mid when his opening Ceremony was changed

and radically, there would question comed to he considered, per Memed by Dr. T. C. Eats, whi ng question of forcing all the relevant factors such of it a well-known photographor in

Bizo through additional taxation thin the of the garrison, - Ind China. 1,

"POLLES! year if unofficial members were Colony's expenditure on

A large section of the photo, Fand unanimidusty against it.

security measures,

the graphs on view fouture little The position would-be rather Colony budgetary position, etc. miniature, in which the photo- different, however, in the unlikely will no doubt be Juken into grapher specialises. "I am afraid that His Majesty's event of the contribution là

account" is half a ton lighter than our re-er of China and Indo-China-Government were not prepared spect of the cost of reinforcing cular models and, on this account, Associated Press.

fleet

the Governments of India and or passengers not be able to invade Talwon this Burma, in cases where it caří bal

definitely established that such

ure, will further Pra-Nationalist Press reports goods were actually shipped or appreciate the various innovations alleged today that the Chinese which have been installed. Apa Reds were moving thousands of delivered into gollówns for ship-j

from the ability to handle more passengers per trip, the new car reinforcements towards the bor-

1s more economical to operate.

Consequently, it

It is proposed to re-

build in similar manner the car

which we have

drown

recently with-

from service.

"On the Liabilities side of the

Balance Sheet, it will be noted that

we

now

include

Rellring

Leave Pay' Accoun

Drilling of menacing

ment

te

to agree to any credit in the garrison not being paid in full. settlement being given in respect This would constitute & breich of the agreement and creatð mis

'Mr. Follows reply The Financial Secretary replied

to make Mangle, per cent of our

settlement de campreachitos

of the other types of War Supply entirely now situation, In Uless he was happy and the spokes- Bbard claims, namely, those in

***leffeumstances. HI Majesty's run of the undicial members had feet of goods which were, in

when Government would naturally not declared his intention of accept- manufacture process of

consider themselves the Japanese attack was launched longer b

terms of the séfdiereift. by this of and. those in respect it

vanced by some of the I was our endeavour

devõiětí to the cost of de- the Provisions for rock ordered to subcontractors: Therd transferring from the Prof! Public Works Department suta of 334.819.98, tb bring this up workmen have been assigned to $50,000. In explanation, I would to drill the 400-ton rock which state that certain members of the is threatening to avalanche on staff have now completed a very a squatter camp in the Shauki-not long term of service

thewan districi. Company und, as hitherto, wo The drilling has been ordered,

qucktionably are obvious objections to making, as posible. We had. In conseqte fence tid, sifternal security is un-

Tigh)

Gratuities under Passages and

Lass Appropriatiom Account the

with the

for the granting on spec pollon jo break the rock to facilitate

removal,

A Public Relations Office stole

in the case of d particular cate orice fovered de colony raid Mrs Follows, "but i cory of claimants, as gratia Day-ground which involved mich ex- ments, where no legal liability amination of detall. Throughout think I can enfely say without exists, for what in effect was much impressed by the very fals

These lengthy discussion: I WENs of contradiction that the terms that wa obtained were the war damage. Such action could are reasonable delete, air best possibles

fatto have awkward repercussions.

Treasury délégation and- Indoet some members of thất Avidgation were of the greatest grifitarīte qy us In our dealings with offer departments..

extremely

Argument over

contributioni

of special ancta on retirement, you

your pitec

“Aš régards the filanciál' year") tors consider It prudent to esment said yesterday that the dis- 1950-51 His Majesty's Govern tablish a reserve for this purpose: lodging of the boulder, is a direct Tent: pressed for a contributio instead of charging experiditure of results of the squatters the towards the cost of freidtbred

as has been dong in the past. ⠀

Replacertionts

neighbourhood who attempted to

t

Cloan state

Ith the Causeway Bay area and way; sestrity generally. I had: att art Honds KÄINEN AYET 10ur

out ples

"It is a matter of considerable this nature to Salaries and Wages, vel the site.for building. The nients of £1 million over und satisfaction that we have at: long

added to the wet weather, decurred above what we are already

internal longer hava. at the Chan Goh Hang Villageing on local forces and nerd last wiped the slate clean and ro

of unknown in earlier stage handed to the buite 411 also recommended to brought about by the same reason, Treasury delegation a memoran transfer from the Profit and Loss Fadded the statement,

Hunt Which I hus prepired on the which Appropriationi Account the sum

Hong Kon, proportionate amounts or Which I had ly tha!

proportion of liberation for it has been arreed surplus balances,, was com- that no further.

also that heavy

sa by taber llic, we w

ie danger pt afta-aldiring that post stressed parties of the Secretariat ever.

of $45,000 for Replacements; efforts on the surt of the squattery which of course apples to the cannot be too strongly emphal

Foflodic recessity of replacing ied, as in the rainy season; the owed rainst loan advances and the type disposed OLA

certain' of our machinery Thiesa chance of platodgament of rocks recommendations have been, In- is always possible without the

corporated in the Accounts_und. I. added-assistance of the top would be inecémmis persikere feferred to; HIVU ! NOT tripfiffez

tr will meet with your ap-Being removed, sold the official Fróval

Tefense:

services.

Mr. Follow added that no doubt; Him. Multury'a dovert ment', fole that, stildoph 35' põh

..... aur, total; revenue

Kigh proportion, to pay to the Services in

position to buan

burdan.

hongurable tribution. hay

to finance dial micfr development work de

new airport and

to ferm minor claim is interpret "f" thinki 1° have, covered the The Social Welfare Office.

water movements to

„ind, alker is as a claim under 2 15.0003 The 3. Thậ main items requiring clarißcation beers Instrumental in getting the our birder way on social only ones wd caff, antyard well arran and with these ich remarks, Boulder propped up as a tema te ngan laviled atten- be quite small such as rums ade the curly, now formally propose that the porary measure and the PWD are but to theme facts and we end-vanced, by the protecting, power fortid of Report, and Statement of Accounts. deilling in preparation for blasting evoured to persuade E. M. G. to in Shanghal to persons interred daima to whe as presented be adopted, and that All the squatter to the vicinity agree to a contribution of herd, who at one time had is in Dub offier claims the amount available for distri-

They were not. probares | connection with Hong Kong bution, viz. $276,207.42 be allo-have been warned and told by million,

representatives of the Social Wal- to mccept this pure However, not an idioated, fare Department to vacate the even when it was

cated as follows

Pay Division, că, áỡ; a share:

(free" of Tax) ph 25,000/- *

- Pullý – Pakk1⁄4Ưpc 2hhcm --

• $70,000,00

Pay a DivideAA DIITKÖ K'shark'

'(frée" of "TKK'}}um 80,000 $5

Pild-Up: Jijkende jitilises ·70.000.00

Trassfer for: Provision for Pas

'sareo,” Duavi`Puy and Retiri

Ang Khratuitlán, pas vanemate

Tennefer for Provision

for Provision; fortiter

aten

berested this the imitation to was supplementary meat might will have any pre

therefore be arranged". If we again had j

WHITESAND BAY ON MANGEUVRES

HMS: Whitesbičtí:

carly,

| substantial surplus on the ar's settlemong

working.

•that

cerned

tiriy

that Kong defence, plans the

[more complicated.

Figo

SINCERE'S

DEPARTMENT STORE

REMARKABLE

VALUES!

CZECH CRYSTAL COLOURED] -

GLASS JUICE SETS

comprising

I t

6 Tamblers 5 oz.

In amber, Whe green, blue, and pink colours.

$9.50

PER SET

FINE ENGLISH. BONE CHINA

TEA & DINNER SERVICES

AT NEW LOW PRICES I

Silver Edge, Coral

or Geron Line.

TEA - SETS

41 pes (for 12 pördóns) ·

$45.00 PER SET

22 pcs. (for & persons)

$28.00 PER SET

1

27 pce. A.D. COFFEE SETS $23.00 PER SET.

9. péð. MORNING SETS $15.00 FEE SET

RED ROSE & FLORAL DINNER & TEA SERVICE 60 pcs. (for 8 beriba

$180 PER SET

SEE OUR WINDÓW, DISPLAY--

THE SINCERE CO., LTD.

By Appointment

Merchants

to His Majesty

King George for

*

'LIGHT DRY'

SHERRY

DON

SHERRY

SANDEMAN

Sole Agents: DODWELL

$ Revolutioncity

FIRST WATCH TO WIND ITSELF ON

· BALL BEARING

F