A
| COCKBURNS VALVES
ENGINEERING EQUIPMENT CO., LTD. H.K. & SHANGHAI BANK BLDG, TÉL, 27789.
Douglas Steamship Co. Show Profit
DESPITE DISAPPOINTING TRADING RESULTS
CHINA MAIL
Established · 1845
WEDNESDAY, MAY 30, 1951.
Collects Raffle
Prize After
10 Years!
·
GOOD FORTUNE ATTENDS
HONGKONG RESIDENT-
A profit for the year of $120,068.26 is shown in the accounts of the Douglas Steamship Company If the genie had rubbed his magic lamp it is for the past year despite disappointing trading re-doubtful whether he could have brought more sults during the period. Net profit of $145,612.83 happy fortune to Mr O. R. Sadick, well known was also made on the sale of the forty-year old ss Hongkong resident; than has a recent chain of Haitan.
A Dividend of $5 per share free of tax will be decided at the paid out of profits for 1950, it was annual general meeting this morning over which Mr C. D. Slade presided as acting chairman.
of
The Sixty-third annual meet- Resolutions were. proposexl, ing of members of the Douglas seconded and duly carried that Sicanship Co., Ltd, was held at Sir Rebert Ho Tung, Mr J. D. the registered offices of the Alexander, Mr R. Murray and be re-elected Company in the P. & O, Build- Mr C. D. Slade ing. The Chairman, Mr J. R. Members the Company's present owing to his absence ensuing year and that Mr D. from the Colony but his state-Black CA und Mr D. L. Prophet, Auditors of inent had been circulated to the CA be re-elected Members with the Accounts the Company. and was in the following terms: Before referring to the Com- pany's activities during the past. year I have to record with deep regret the death of Mr S. T. Williamson our late Chalman. His association with the Coin- pany had extended
Mullion WIN unable 10 be Consulting Committee for the
period of Jue
over
#
of thirty years and it is prudent primarily to his
and imaginative guidance that cur Company today finds itself in such a sound financial posi tion. His buoyant challenging persoality will be greatly missed Commitice by the Consulting and our General Managers, as Indeed it will be throughout the Colony especially by the ship ping industry in whose interests he rendered tong, valuable and faithful service.
Steamboat
Company Winds Up
of
At an extraordinary general meeting of the shareholders the Hongkong, Canton & Macao
Limited Steamboat Company, at their
Queen's Building.. morning, it was agreed on the proposition of Mr R. A. Dastur, seconded by Mr M.
offices In
this
In accordance with modern . Nemazee, that the Company practice this statement is being circulated with the Accounts as
be wound up voluntarily, and that Mr 11 Tae-fong and Mr II.
I feel it will be useful to share da Luz he appointed liquidators,
holders
was pre-
to be able to read the
Prior to the above meeting, the Chairman's address which sup-u! meeting of Shareholders plements the information con- was held, in which the report of
of Directars fained in the Report.
Trading the Board
sented to Shareholders. The Chair- resulls for the gear have again man, Mr Li Tse-fang, said: been disappointing and this is attributable in large measure to the confused and unsettled con- Utions obtaining throughout the Far East.
HAITAN SALE During the year under re view, the sale of the Haltan was completed at a prico which must
I regret to have to report that after making provisions for Directors' and Auditors fees and cost of repairs to our various wharves the loss for the year is $13,700.44, which has been
dated to profit and Loss Appropria"
tion Account.
You will note in this account that
of
we have, now a credit balance $137.737.21 after the transfer of the
difference between the Book Value
be regarded as satisfactory and and the amount of compensation arrangements for the disposal of received from the Hongkong Govern the Haiyang are now practi-equationed steamers lost <aily complete. As both vessels during the war.
from
factory price, and we
and which
have alm
were about forty years old and Last year 1 referred to the fairly beyond economic repair your steady income which we received
aur properties Consulting Committee felt it enabled us to carry on with a small advisable to dispose of the ships profit, but for the year under review at the prevalling high prices and have to report that, due to adverse isinen condluona, that income intend to carry on the business shows a marked decrease. We have of the Company with chartered had also to spend a considerable tonnage until such time as op-amount of tnoney maintaining our portunity offers to replace these properties in serviceable condition.
We have recently disposed of our old vessels with more modern wharf in Macao for a very anti- Su will nole from the Ac-thought It advisable, in view of the propied winding up of the counts that the Company made a company, to liquidate some other profit for the year of $120,008,20 of the Company's assets, which is considered satisfactory
Your Directors have given careful bearing in
mind the troubles consideration to the state of the
affairs and dimeulties with which we Company's
As exlating of have had to contend.
Adding present, and it is not without deep the above figure 16 the carry egret that they are about to pro
pose to
that the Company 1849 of $233,-should be wound up. forward froni 103.44 and the net profit on the sale of the ss Haltan of $145,- 612.83 mentioned above, the sum Talkhan and the Kinahan available for apropriation at the Annual General Meeting is HK$498,784.53.
you
events.
In the first place Mr Sadick this morning was able to collect a valuable raffle prize which he won no less than 10 years ago!
Secondly, he has earned the distinction of being the first rifle and revolver marksman in Hongkong to be sent by the Hongkong Rifle Association to represent the Colony at Bisley.
The raffle ticket story goes or two boxes in which were back to 1941. In that year, as personal papers.
old résidents will recall, Ja Rummaging through them monster rafle was organised about four years ago, Mr Sadick in connection with the Hongkong came, across his winning role Bomber Fund. Hundreds of ticket, but he gove no further prizes, ranging from a yacht to thought about the prize until free newspaper subscriptions one day
he met the of the Royal In-
were offered by a large number! compradorantly
of business houses
Mr Sadick bought thekets and drew a prize, but because he was so busy during those emergency days preceding the Japanese at- tack as Secretary of the Emergency Unit, he was unable to and time to collect.
teroccan Lines.
STILL HOLDS GOOD "Is this prize still available?” asked Mr Sadick.
"I'll And out," replied the com- pradore.
did, and the manager's Ho answer was, "Certainly it is."
Which is why, this morning,
Then came the hostilities, after Mr Sadick attended the offices
which Mr Sadick managed to get away to Macan where his con- 4inued-to-work-for-the-British
authorities.
He returned on September 3. 1945 to become OC Central of [the Emergency Unit, then merged with the regular Police Force. And he managed to
retain through the occupation years one
Soriano Wins His Point
of the Royal Interoccan Lines for presentation of his 1941 Bomber Fund raffle prize from the hands of Mr G. H. Stroobach. The prize? A voucher for a Hongkong-Japan round trip on
Royal Interocean Lines
steamer.
was
Refreshment headquarters
DRINK
Coca-Cola
PRESENTED WITH RAFFLE PRIZE. Mr G. H. Stroobach, Manager of the Royal Inter- Ocean Lines (on right) making the presentation this morning to Mr Omar R. Badick, of the prize which Mr Sadick won In the Hongkong Ba ber Fund raffle in 1941. At left of picture is Mr A. v. d. Meulen of the B.LL. -- Photo by Staff Photographer,
Judge Comments On Man's Scandalous Allegations
Notices
Reciulared articles and parcel nialls sloma one hour earlier the ordinary mail times shown below.
WEDNESDAY, MAY 30 By Alr Biam. Burena, India, Pakistan, Middle East, Africa, Great Britain, Europe, & p.m., B‚0.A.C.
Formosa, & pim., H.K. Aleways. -Jopan-Korea:-8-p;m..., B÷O:A÷ČE- By Surface
Macoo.n.: 4.30 p.m.. 19 Xu Men/Lee Hong.
Canada (Parcels only). 3 p.m...
A SUNNYVmā.
THURSDAY, May 31
By Air
Stam, Malaya, Indonesia.
via C.P.A.
By Burface
P.M.
Macao, 3 a.m.; 4.0 p.m.. sa Hu Men Tak Shing.
Chiao, Peooles Republic, 9.30 a.m... train via Canton..
Canada
(Parcels only),
as Washington Mall.
.1)....
Philippines, 0 a.m., Canada Mail. Formosa, 2 p.m., as Bhengking, Malaya, Burma. 2 p.m., ss Hal
Indo-Chins, 2 p.m. AS Edith Molter.
Japan. 2 p.m., as Panama.
Four Men To
Stand Trial
Alleged to have robbed two aged women at a temple in Ka Po Village, New Territory, on the afternoon of April 20, and, being in possession of a .38
revolver loaded with six rounds and a hand grenido without a Fuk-
of by med for
licence, four men, cheung, 20, Wong Lung-wah Giving judgment, with costs, for plaintiff (a young and attractive-allas Wong Chi-ming, 26, Ng 32 and Ng Kwok- looking Shanghai woman) in a claim for $20,000 under a Chinese borrow- Kam-ing, ing note, the Senior Puisne Judge, Mr Justice Gould in the Supreme Court
at this morning remarked that it was a scandalous matter for a man who did not wish to appear to support his allegations to make such allegations in the pleadings, as in the present case,
rand total of $212000 / Hated November 9, 1949.
Hongkong Bomber Squadron Manila, May 30. which gained for itself a splendid Colonel
Andre Soriano, record. Spanish-born American Fresi-
The monster raffle was or- dent of Philippines Air Lines ganised by a special commitice. and the government-appointed and local firms contributed over Board of Directors are scheduled $30,000 worth of prizes for the to sign a new one-year con rame which was drawn at the tract for management
of the Tin
Hot Ball held in Company today.
Peninsula Hotel.
that
the
BIG HONOUR The second. pices.. of good
of
WBS given to
USELESS DOCUMENTS
solleltor.
any
He
pro- he fall-
Radio Hongkong
H.K.T. 0.00 Programme
Denis
Summary: 0.02,
meaning. The four accused were alleged to have robbed Lt Sam-kui, 74
and
Li Lam-sze, 09. women, of valued at $30.
bath
a gold Anger ring
PC 571, Chan Kwok-wai, police cor driver stated that he was instructed to proceed to San Wat Military Camp on April 20. Fifteen minutes after hia arrival he heard a commotion and saw a crowd around the second defendant who was accused of being a robber. The defendent was cautioned and admitted he had
Rauto News Heel (London Relay) Convict Injured
In Gaol Fight
11.43.
SIDE
GLANCES
TC-
By Galbraith
Lo lend him the The claim which was brought | She refused It is worth while recalling by Wong Kin-kee, otherwise money on that occasion.
Wong that the Royal Interocean Lines, known
Kin-tong, Defendant came again the 1941 the JCJL, donated free single woman, residing at No. next day, plaintif sald, and pro- return passages as prizes in the King's Road, third floor, was posed to place certain documents Bomber Fund raffle. The Fund, for $20,000 being money due and in her hands as security. which was
by the owing by defendant to plaintiff also offered interest at 6 per cent. Broadcast For Schools Mars Ard South China
Defendant said he The Animals The Swiss And Their Post, Ltd., under a Chinese borrowing note per month. Artic
wanted the money only for two Serenade: 6.43,
Cown" (BBCTS); 021, "Southern Hal Lorenzo At a
months. She handed him $20,000 The Flang. (Studio): Defendant, Soo
7.00, "IIcky between June 15,
Dai-chun, for which a Chinese borrowing Up Variety Requests residing and the attack on Hongkong in merchant
al Mac-
18,
Presented (Studio); 1.00, her by Pauline Spence, 1941. A squadron of bombers donnall Road, second floor, whilst note
World News
The And News Analys taken part in the robbery. subsequently named the
(London Relay); 825, Plano Itecital denying that plaintiff lent him defendant.
By Horowita: 8.20. Take It From
police constable later found a the money, pleaded in the alter-
Here" (BBCTS) With Joy Nichols, revolver on
the hillside and Plaintif said she treated the Dick Bentley And Jimmy Edwards: handed it to Inspector Newman, native that the alleged Chinese
(Re- borrowing note was made and loan as a mortgage. She had 2.00. "From The Exlitorials
Detective police coristable, 9.10. Weather Re-Wong Wun, atated that he ar- executed by the defendant for an understood that the documents corded Relay):
"Bandstand Fairey viz, in con- consideration,
related to a motor vessel which port: 9.11.
Aviation Works Band Conducted By rested the fourth defendant at sideration of the plaintiff then defendant owned at the time.
Wright (BBCTS); agreeing that she would unlaw- Later, she found that the docu-
945, Tal Cheung Street, New Terri- Theatre Of The Week" "The Good fully and
Companions" By
tory on May 7, immorally, ecohabit { ments were useless.
J.B. Pratley. Part 3 (Final) (BTS); 10.46, New with him.
she went to see Concert String Plaintiff said he
Ensemble: 11.00, Plaintiff was represented by dufendant on the due date for Col Soriano, accusing some
Mr Brook A. Bernacchi, on the repayment. He promised to pay. 1.1, Relay Of The 172xl Derby. Instructions of Mr M. A da her the next day. When she called Commentary. by Raymond Glenden- members
the Board of of
(London Relay): Silva,
rgain he put her off and she at Weather-Report: God Save...The undue interference" and "lack fortune to come Mr Sadick's
Mr Bernacchi informed the ionas gained the Impression that King: Close Down. of confidence" in the manage way is his selection by the Hong Court that defendant who was he was not of the trustworthy ment, had threatened to ro-
The Superintendent of Prisons kong Rifle Association to repre- sign by May 31 unless opera-sent the Colony
represented by Mr type. She then warned him originally
Avould
confirmed a repcet this morning take legal at Bisley this Y. H. Chan of Messrs Tso and she
CHECK YOUR KNOWLEDGE that a 25-year-old Chinese pri- tion was left in private hands. un
summer.
was now in Shanghai ceedings against him Hodgson
Answers His top excetrtives had an-
Mr Sadick will shoot for the and Mr
had no furthered to return the money.
soner, Chen Kam, was stabbed nounced they would follow him.
Chan
1. An African antelope. 2. and seriously injured in a fight King's Cup, will also instructions. coveted
Mr Chan had Acting on information she In the Torres Strait, S.E. of New yesterday, in out of the Air Line.
which severel lake part in the Individual asked Counsel
for went to Shanghai in February, Guinea, 3. Youngest son of prisoners took part inside the to apply was revolver competitions, and will leave to withdraw. The now contract, it
1950, plaintiff said, but falled William the Conqueror, and gaol. reported, provides
the Are in the Commonwealth con- His Lordship granting leave for to And defendant at his shop. king of England 1100-1135, 4. The injured convict was re- management shall issue monthly test, probably representing Mr Chan to withdraw said that he She returned and pinced the The equator.
6. Foul. water moved to the Queen Mary Hos- budgets and
Canada. proposed any
took it that the defendant must matter in the hands of her which collects in the bottom of pital and his condition is changes of roules and fares 10 This honour is the culmination have knowledge of the case but
a ship. 8. David.
ported to be serious, the board in advanez Sources of a distinguished record as a merely failed to instruct hig
in answer to bis Lordship, sak that otherwise the control manksman—a recard which dates | colicitor.
plaintiff said he had never at by Colonel Soriano and his back to 1934.
INSULT TO CLIENT
time received any part executives over dally operations Last year Mr Sadick was a
After reading the statements of the money lent, is strengthened by the new member of the Colony team that
took part in
clalm and defence, Mr Ying Hung-shing, of the agreement.
in the Colonial Postal Bernacchi said that his client Tientsin Enterprise Company, Shoot and he turned in the best would deny any such allegation of 28-A Dog Voeux The agreement was
Road, reached following extended conferences score for the Colony's four re-
of Improper consideration and Central, said ho knew both 1 romarked last year concerning between Colonel Soriano and
presentatives.
When the loss during the Faelne war of Presklen!
the Hongkong
It was Counsel's submission that plaintiff and defendant. Rife Elpidio Quirino.-
No November 6, 1950, witness the mainstay of our business, the
Association was resuscitated in this was not only untrue but 1950, Sadick scored a possible that the allegation was an in-at the request of plaintiff went to see defendant at No. 18, sult to his client. at the inaugural shoot and in-
"Plaintiff is a wealthy lady, the repayment of the loan. De- Macdonnell Road. He asked for cidentally won the prize that
she divorced her husband some fendant sale went with this distinction.
Не
and she is here in Witness told him he understood
said he had a member of that select time ago
no money. band of eruck shots known as Hongkong with a large amount The in steamship service in the river-
the Governor's
Twenty.
Not of money," Counsel continued. defendant had recently returned Consulting Committee recom- wo are forced to put an end to a
unnaturally
to Hongkong to collect the pro- This was a perfectly bona fide mend that a transfer of $200,- | service which was rendered con-
prizes for shooting, his most
the sale of a ship, Da- joan between plaintiff and rio Ceeds 000
be made to Investment solentiously and, I believe. credit-
The Cheero Club, held their treasured trophies being the Sir
fendant said he had already re- fendant. who required the Reserve, and that a Dividendably, in the interent of the travelling
last dance of of Hongkong. Conton and
mitted the money to Shanghai public
the season last Arthur Morse and E. R. Hij money for his business. of $5 por share free of tax be Macao.
night, and despite the the cups, and the trophy presented
Plaintiff giving Evidence said
but but promised to pay plaintif if pald
Mr R. A. Dastur, reconded the pro- out of profits for 1950
heavy downpour the club was by
she would his brother, Mr OsmAN slie was married to a Shanghai
lo Shang- (wild have already bome potal that the reports and accounts Alled with about 250 services Sadick, for the Colony pistol merchant from whom she ob. hat with him to Bo
as presented be passed. The re-
Giving Corporation Profits Tax)
members. The club's own band championship. and election of Mr L1 Tse-long and Mr
tained a divorce sometime ago. Lordship said it was a perfectly judgment,, his finally, that the balance of Li Fook-wo, to the Beard, was pro-received much encouragement. SPORTING INTERESTS She had independent means of simple case. It was a scall
102.414.00 be carried forward and Mr M. M. Nemazee respectively, and during the evening played
Ma This expert marksman is Chief her own and now had ready dalous matter for a man who two elimination dances. Mr D. L. Prophet and Mr. J. Y. V.
Finney and Gunner Austen, and Instructor (Small Arms) of the cash. to the amount of between did not wish to appear to sup- with custom these Appropria-Hunt were re-appointed Auditore.
Essential Services, and Hon $250,000 and $300,000 Hongkong port his allegations tions have been incorporated in
of the Hongkong Rifle currency. Besides this money, auch allegations. In the plead the Accounts.
Association. He also holds the he owned properties in Shangings, as in the present case. Special Constabulary Rifle and same honorary office in the hal
She was
at present living" Revolver Club.
with her mother and a six- Mr Sadick has other wido year-old daughter. sporting Interests, which cover Plaintif sald she came to tennis, lawn bowls and racing. Hongkong in May, 1940. She Moreover, he is so proficient in came to know defendant through the art of judo (ju-jitsu) that he hér Shanghal friends. Sho is an instructor in this form of understood he was in the ship- Members
in American self-defence
the Special ping business, community attended a Memorial Constabulary.
Mr Bernacchi: It is, mug- Day service in
Mr honour of the
Sadlek who has been with geated
that
at some time you with
defendant to Im- Cemetery this morning.
of Canton for 22 years, will be morally 'A landing party from
the leaving for London the that true? USS Albuquerque fired a salute. will appear at Bisley from July
middlo of June by BOAC, and Plaintif That is not true.:
Tinker Continuing, plaintiff said that 17 to the 21st
on. November 7, 1949, defon-allor He has received his rame dant asked her for a loan of pleased to, Jentri that the major portion of these guests, has been prize, but because of fild visit ruslipest, and as the Tabtiilien are few insignificant in amounts 1 am
After appropriating $6,360.93 to illspose of the outstanding Item for 1941 expenses the
to-next year. In accordance
Referring to the Balance Sheet It will be seen that our Fixed Assets now stand at the conservative figure of $120,200.- 00. This year we have shown the Company's Investments at
cost,
and
Neither has beer, replaced. under present conditions we have little hope of doing so.
Thus, Gentlemen, after nearly a
century, of trading in this part of China-we were in fact the plencers
posed and seconded by Mr 9. C. Sun
WINDING UP
Associated Press,
Last Dance Of
Season
Mrs H, E. Brown and A. R. Gellilang were the winners. Flags decorated the club room, and a festive spirit made gay
Upon the agreement that the Com- pany voluntarily be wound up, it was proposed by Mr Li Fook-wo, and | this, lest dance.. seconded by Me M, M. Nemaree, that Mr H, da far as Liquidator, be paid remuneration of $1,200 per month, until such time sa the Liqui- dallon is completed,
The Chairman said:
the
or, where this was not As you have heard from, my pre- available at the Prewar Max-lous address, your Directors ronal ket Value and after provision of the Company that it should be der that it Je the bost interest of the Reserve of $200,000 the wound up voluntarily. There Agure of $1,492,510.87 in the nothing more that I can usefully add to the remarks 1 tave made. Balance Sheet in below the However, I would like to say that market, value on the 31st De es regard the remunerations pay | able to the Liquidators I am pres cember, 1950,
pared to walve all my Toes, and I In Mr Mulllon's absence, Mruggest that where Mr, H. da Luz, C. D. Blods, the Acting Chair- the other Liquidator is concerned man proposed that the State the amount payable to him be fixed at this meeting. Therefore,
ment of Accounts an presented when the resolution has been pa be adopted and that the approed. I shall be glad if some one
propose that the remuneration. 1o priations as set out in the be paid to Mr da LAR for his services General Managers' Report. be in the winding up be fixed at the approvod. This propondź was Įmum of $1.00 per month until the wooonded by Mr Robert Caht winding up is completed.
Concerning the sets of the ner and pandied, unanimously..... Company you WELL I am sure be
MEMORIAL DAY
·SERVICE
of the
Treasure
he has won many
spet
to makch
INTELLIGENCE TEST SOLUTION'
dend of all wars at Sal Wan the, Unlon Insurance Company lagreed whobit with him. 13 saylor Bo we have!__
In
Company's to England, will probably have 1000, which he said he
-21-
for his business. His
nd Hagacant to wait until next year to make could not be turned into ready assets in Shanghai, he told her, position to anzurm shareholders that use of it. But the prize is there, Tiar certain formales have been even though it is now ten years cash. The money was to pay complied with the first dividend old. payable will be about $10 per share:
off the staff and other expenses.
(2) The airman's wider son dan- . not be an suman, Nor is to a „tinxeri ""nde a callor
TOP DE follows the same calling as the sailorga younger soul) nor (tor the same rozson) a sitios da tar airment elder son and the BRIOTS YOUnger son are soldiers.
(2) It follows that the father' "'. of Charles, whose sider brother sa RATIOT is the tinkert and coat. the father of the faimos "whique`, sider brother in an armati.. Is the ;
Vocations of Bad Tounget puni Father kideraan Vocation Name Salfor Tailor Charles Tator
Oberic Tation
Extra. Airman soldier JAMES Alftoen, Boldter.
James. "ky follows.soas, sia jatice's aider mais to an slyman: the soldier's younger won, Edward, mase be an kiman. tod, '
to grataleri bid cigar brother (Da De Edward is atvʼniemans via father
tallon
London Regress-forica
4-14
COPA, 156) KY MEX SERVICE, MO. T. AL REG, UL. İ
"When you go to parties with me, do you have to tell. everybody you're not as young as you were?”
Printed and published, by FREDERICH PERCY DRANKLIN for and on behalf of South China Morning Post Limited at 1-8. Wyndham Street, City of Victoria,, in the Colopy of Hongkong.
No comments yet.
Private notes are available after approval.