1954-03-10 — Page 10

CLARK CHAPMAN & CO., LTD.

STEAM & ELECTRIC MARINE WINCHES, PULVERIZED FUEL EQUIPMENT, HIGH PRESSURE STEAM BOILERS, ELECTRIC MOTORS AND GENERATORS.

ENGINEERING EQUIPMENT CO., LTD. H.K. & Shanghal Bank Bldg. Tel. 27769

JOHN CLARKE'S

CASEBOOK

Finding A Friend

CHINA MAIL

HK Rent Restrictions Criticised

Criticism of the continued restrictive legisla-

INTIL rather less than tion on rentals for residential properties was

U two years ago. Terence

expressed by Mr W. Stewart, Chairman

of

worked, contentedly enough. Humphreys Estate & Finance Co., Ltd., when he in an ironmonger's shop in

in Ireland. presided at the annual general meeting of the

his home-Low

Then, quite accountably | Company this morning. and suddenly, at the age of 28, he was seized with urge to change his job.

He handert ut his notice at pired, packed lus bags and tank the boat to England a semich of adventure

the shop, and when it hel

IN

Mr Stewart said that the standard rent of 1941 was unfair in its application to European resi- dential properties and that the permitted increases on those standard rents was "entirely unrealistic against current values."

He added that, fortunately, the Company had many tenants who, recognising the simple logic of the reckis views he had expressed, had voluntarily agreed to in-

crease their rents.

not Terence

hele s 17 het Adventurel,

11+ ambition at a tight reht. made his way to London, tur almost at once found a Jola- as

29

shop.

at anger's

THE GREAT IDEA O this first 12 months here.

Addressing the meeting. Stewart seiri

The net profit working for

$518,517 To profil on

the year

this 18

Terence was happy enough Lon the of The wonders lighted him and seemed endless, and, being happy, he did well; 790. at his work, freeising pissenokardi m status.

DS

the

My beneft to this Company from the increases adopted amounts Norm 1

only to some $1,500 per month. 1953 1s

I cannot let this occasion pass welded without expressing my opinions; of uf property of Bestly, that the standard rent

balance 1941 is unfare in its application The

residential of to European

pro- brough! forward from 1952

compulsory making available for $135,003.

perties,

of familles 1940

Jn total of $1.227.- Jevacuation appropriation

of necessitated substantia, redue- The recommendations

with lions in rentals

#2 that time. the Directors in dealing this balance are set out in the and, secondly, that the two In- creases permitted since the war, Report and Rust they ruert After he first 12 months, Alte

totalling 55 on the standard with your approval. Simple pleasures of sightseeing Tin Port

rent of 1941. Account

are entirely 11- began to pull. Terener realsed, disc base's

realistic against current values. wus how stunt he was of fruits

nany we have than the previous Fortunately. skelly less

This The to the sale tenants who, recognising the Night after might, he sat alone a

Minden properties and simple togle of the views I have in he furnished room in Victoria,

have voluntarily Kowloon, expressed, Cornwall Lodge in cursing his solitary state, long-

agreed to

increase their rents, This was compensated to a cer- At Th log for someone to talk to

in-thereby making It by voluntary

possible for fal extent

To undertake much-needed ereuses of rents by some of our us

of our May

This

East he had any idea

most

th

Lutions

Vec

are

ኒያን

He would make it a nightly 1 tenants. Expences are shown in repairs to some

policy. habit to visit one public hituse, as much detail as possible and Road buildings.

atditional revenue self- whereby stay there as long as he could,

with commensurate

today's infiltrate himself into the em explanatory

costs and values can be partly pany of the regulars, and from You will notice that $56,844

improvements devoted to repairs among then And he friends

spent iti was

properties to tenants' advantage, muntenance against $30.511

is one which we shall continue This the previous year.

us far as possible, but so long as largely due to major overhauls

restrictive legislation persists- of some of our property which

now nearly nine years after the and were considered essential

our desires in this direc- anwar-bur Special repairs. tion will continue to be handi- long overthie.

capped. mounting to $44.349, represent

THE KNAG

THE idea had at mrests and the results were quite ene couraging Aftel

W

10

TAG, he knew seven ment ged to, and soon even knew the maities of site and a lutte adwor them.

There

Why

is **

157

of work our sure of the carried out by Goverutnent restoring the hillside on the ap- shag pronel road to our The ghtly

pens end. Duok site ovcessitated by !","।z「1 disastrously expensive

srious landslips. Bank Interest Week by week. Terence Jammut is considerably reduced follow- Tre needed more money than he ing a refund of our overdraft. prises if he was to carry fals

"VERY FAVOURABLE”

the Company's to the car end. He

great idea to the began to

to steal, only a shilingi

The Balance Sheet discloses that our Current Astbly exceed or two at a time, from the till Current Liabilities by $582,435,

in the shop where he worked

Inevitably, sitter

stale

elten, Terence was caught.

that

over

J WILL REPAY

E'S always given

good "HE

service in the shop." the offeer in charge of the case said to Sir Laurence Dunne, the Chief Magistrate.

le cullined Terence's history. "He says the Is that he has reason for this been drinking henvily, and impaired his Judgment."

"Have you had temble with rink befor

Sir Laurence sked Terence.

Terence hung his tousied black muttered into his bend, and overcont entlar: "No, sir, I never had no trouble with the drink. It's just been feeling all lonely and depressed, and didn't seem to have friends, 113#

promise I'll repay the mone

money, if you'll give me the chance."

ut the

Amortisation

tu

was

Mail Notices

and

Established: 1845

WEDNESDAY, MARCH 10, 1954.

SIDE GLANCES By Galbraith

回

5. M. Pag. 5. 6. Pak Ö Dept, 1964 by MLA Borden, IL

1-22

"This looks like lip rouge on Junior's shoulder! I'm afraid the days of cleaning chocolate ice cream spots are gone forever!"

Genenal Managership Agreement Terminated

At an extraordinary general meeting of Humphreys Estate & Finance Co., Ltd., held this

morning a resolution was adopted terminating the agreement of Messrs J. D. Humphreys & Son under which they acted as General Managers for Humphreys Estate & Finance Co., Ltd.

The

ments.

now

CX-

Mr

was

01

at

NEW

SHEAFFER'S

·ADMIRAL

"SHORKEL

PEN

Face

Drugs

Four Poisons &

Charges

Three men and a woman appeared before Mr Hin-shing Lo at Central this morning on charges of possession of poisons, permitting premises to be used for the manufacture of heroin, possession of dangerous drugs, possession of dangerous goods and resisting arrest.

Defendants, Tae Sock-yuen alius Chan Yau, 42, Chan Chi-ming, 42, Cheung Kan-ying, 35, female, and Chan Chun-kwok, 30, were remanded for seven days in gaol custody or bail of $10,000 half cash, half surety allowed pending transfer to District Court.

IWO

bottles

Det, Sub-Insp. C. C. Chau is dangerous goods, namely in charge of the case. Mr bottles containing 1200 cc of Patrick Yu appeared for the Reetle unhydride, two first defendant, Tse Sock-yuen, contai

containing 650 CC of con- All four defendants are centrated hydrochlorle arid and accused of having had in their 10 bottles containing a total of possession on February 25 at 10 pounds of ether.

The first Roud, 79 King's

tourth floor,

defendant i Also

thelic

ព

four bottles of Baker's Anaes- charged with resisting arrest on thetie Chloroform, without February 25. permit under Ordinance,

Part

[ Toicons

The first of the four additional charges against all the accused was permitting the above men- loned premises to be used for the manufacture of heroin on the same date.

of A charge dangerous drugs.

possession

numely one morphine hydrochloride and 0.2 grumme

gramme

crude

of crude dincetyloorplilne base without perinit was brought against all the defendants.

They are

having

had

uf

WOMAN.

LOITERER

FINED

"The inspector at the Police

also charged with station sold that he would have to arrest me as there had been possession

no ather arrests that night,-

would but ho

release me if there were more arrests later, sald 35-year-old Leung Chun.

before she unemployed. convicted by Mr Poon Yan-hol this morning for loitering, and fined $75.

Red Candidate Defeated

London, Mar. 9,

Another blow was struck at Communist influence in the British

trade unions, when W. E. Jones, a non-Communist, was elected the President of the Miners' Federation in succession la Sir William Lawther, who is retiring.

Was

Leung was also ordered to be bound over in the sum of $200 for one year.

According to the Prosecution,

1287

and two Policemeu. Cpl PC 3709 were on patrol at Des Voeux Road Central near Ou- man Street at 11 pm. on Murch when they the defendant talking to a Chinese man. Keep- Jones, who was up to nowing her under observation, the secretary of the Yorkshire Policemen saw her engage three Miners' Union, was running different men in conversation well-known and within half an hour. They then against popular Communist leader, A. arrested her and took fier to

ht, the President of the Eastern Police Station,

Leung's story

was that she The presidency of the Miners' met a friend and had talked to Federation is one of the key him for about half an hour be-

of British irade unionisin. for that posts

the policemen aune up,

after A first blow was struck by the and

ter searching her British labour movement against friend, they arrested her. Shr Communist Influence

alleged that the Inspector in trade unions two weeks ego at the station told her that she when

H. would have non-Communist,

to be arrested as When a Oppenshaw, was elected Presi- there had been no arrests that dent of the Metal Workers' night, but that she would be

includes 900,000 released if there Union, which

other tvero members.France-Presse.

arrests later.

Mish Miners' Union.

Shareholder Opposes

Resolution

Objections were raised this morning by Mr N, V. A. Croucher at an extraordinary meeting of the Peak Tramways Company, Limited, to a resolution terminat- ing the present General Managership.

be-

The meeting was convened to terminate the agreement twten Messrs John D. Limited Humphreys and Son, and the company, and to in- crease the capital to $1,500,000 by the creation of 75,000 new shares at $10 per share.

and the financial resuits achieved reflect great credit on their adminis- tration.

Explanations of the reasons for re- examinending the acceptance of the

264 Summonses. Dismissed

At Central this morning Mr Hin-shing Lo dismissed 204 timonses agnirat stali ownera who accused of having caused obstructions.

The Police offered no evidence when Mr P. C. the Woo, appearing for hawkers, pleaded not guilty to all the suminenses.

Court Claim For Deposit

The cross-examination of the Manager of the defendant Bank by leading Counsel for the plaintifs In their 21⁄2- deposit claim million dollar continued before Mr Justico Reynolds in the Supreme Court this morning.

Plaintifts kre Re China Mutual Trading Co.,

13-27 Ice House

defendants

Ltd. of Strect

and

are the Banque

Belge Pour l'Etranger (Extreme-

Orlent) Societe

Edinburgh House.

Anonymo,

Plaintiffs are claiming for return from the Book

the

of HK$2,590,171.96, being the bulance of margins pald in connection with the impor

of certain goods into

18

Plaintiffs claim repayment of this sum with interest thereon, or alternatively the equivalent in Hongkong dollars of 504.43, or allernatively damag

Defence that the The margins had, at the request of the plaintifs, been converted into U.S. dollars and that they held by the defendants in U.S. dollars in the United States, As

of the freezing a result regulations passed in December, 1950

the monies had become blocked and could not be rew turned.

were

Mr John McNeill, QC, Mr Percy Chen and Mr Brook A. Bornacchi, all instructed by Mr H. Chan, of Messrs Lou, Chan and Ko, are appearing for the plaintiffs.

are repre- Hon. Leo

The defendants sented by the d'Almada, QC, and Mr D. A. L.. Wright, both instructed by Mr of Messrs H. J. Armstrong. Deacons.

CROSS-EXAMINATION

of Mr M. Ubaghs, Manager

whose Bank, the defendant

Mr Me- cross-examination by Neill commenced at the

his evidence-in-chlef clusion of

Monday afternoon

cross-examined

on

further

con-

WAR

by

Counsel this where

In reply to a

would a payment by plaintiffs be recorded in the Bank if it was not recorded in the transit BeCount, witness said that it a different might be quite

Sometimes transaction.

the Bank received amounts for various other customers and when

such that happened mounts would appear in their Pay- books in bulk amount. ments by plaintiffs were re- corded in their books, not neces sarily in the transit account.

Witness

that explained

n.c- Hongkong dollar current count was not a transit account.

Mr McNeill; Is Hongkong dollar margin account a transi

offer to terminate the Agreement are given in the Directors State-account?

Proposing the resolution, Mred on the 31st day of March

1954 and that Messra H. Kaduorie said;

John D. ordinary

& Son Limited, resolution, Humphreys which is the main subject oftecessors in business of the this ineeling, has been explain- sald John D. Humphreys & Son

Insy from

for the be compensated ed by a statement board, a printed copy of which office and other rights under the has been mailed to all share-sald agreement by the issuance fully to such company of 25.000 holders. Those present at the meeting

hove The Directors

stated paid shares each of a nominul shares were Mr W. A. Siewart, (Chair

high regard value of $10.00 which that they have a for the manner in which the hat rark for dividend on the Charieredan), the Hon. C. Blaker, MC, ED, Dr the Hon. 5. N. Chau,

General Managers have directed 1st day of January 1954 and two CHE, Mr II. Kadoorle. Rev Fr the Company's affairs in the past which shall in all other respects

Mr E. Tournier (Directors),

with the 'port passu and I am sure shareholders will rank J.Y.V. Hunt (representing

the

The already issued shares and upon concur with that opinion. Auditors).

Mr P. A. L. Vine Directors are also appreciative the basis that the successors In

Messrs (repitsenting

Deccons

of the spirit in which the business receive payment of the sollcltors), Mr

have

Dllowance General Managers

con- General Managers D. E. Clark, Major S. M. Churn, ducted negotiations with them for the period from 1st January 1 Mr O. P. Hechtel, Mr F. A. on the important matter

1954

to 31st March 1954 Ozorio and Mr G. M. Davreux submitted for your decision. a very favourable position

$1,250.00 per month but do not General with previous

The

of years. (Secretary).

pronts roceive yompared

Bystem

commission on The Chairman's Report He, Lorns on mortgage are reduced

Managership

by this during this sald period." adopted was brought to Buge Street, and to $130.000, the balance of pay-Statement of Accounts were Company many years ago had

་་་ This was seconded by Major there charged with stealing one

Minden adopted on the Chairman's pro- many sale of

advantages, but,

prin- S. M. Churn and app

Approved. and another of 4. properties having been settled. position. seconded Sum of 2s.

Major cipally, that the terms original- by

Having Stewart said: He pleaded guilly and admitted The provis on for Depreciation Churn,

ly agreed meant

adopted the ordinary resolution, economical of three and a period

Crown of

with it Mr Blaker.

management,

However. Mr Kadoorie, De

necessary to provide fur months he had probably taken Lenses of $500,000 and General Chau and Fr Tournier were re- passing of time and the

consequential amendment to the about £5

Reserve of $2,000,000 represents elected to the Board of Direc pansion of our business. this Articles of Association of the in satisfactory position.

form of management of Mr

becomes lors on the proposition

Company and I now formally the following as # and propose The most important factor in Hechtel, seconded by Mr Clark. increasingly expensive

resolution:"That the Mr Clark

the re-

decided special have your Directors proposed ur utfairs during the year vas

Articles of Association submitted of Messrs Peat

that

a stage we have reached the sale of Cornwall Lodge & appointment

to the Meeting and for the pur- Mitchell and Com- where the Company can be Grounds, Kowloon, and it will Marwick,

pose of identification subscribed and be noted from the Profit & Loss

efficiently, pany. as Auditors, and

managed was seconded by Major Churn, eventually much more economi- by the Chairman thereof be Account that the net profit on this transuction amounted

eally, by adopting new arrange-approved and adopted as the Articles of Association of the $574,270.

property This

Company in substitution for and y!«€£ An income of only $6.000

There is very little I can add to the exclusion of all existing a year and the proceeds from

to the explanations given in, the articles thereof." the safe can be used to very

This statement of the board, except

seconded by Mr remark that, perhaps to

al- D. E. Clark and approved. men better advantage. As The Company's

though savings in the first year Anances very consider-

will be small, substantial benefit have improved

Jew years,

will be derived by

by our Company: ably over the lust the time has arrived when con-

when we have implemented the polloy

of development nuw sideration can be given to the

13 contemplation; - this development of our May Road

6. Tine Signat and Programme

Mr Croucher said that he saw deve

articularly so if such deve

develop

Summary:

Lucky Accordingly, the Direc

0.03.

Dip-

the sites.

reason to dispose of by ment

Variaty Requests presented Is financed by new capitul.

General Managers who tors have approved the building

have 6.89. Weather large block of apartments

Iteport: I must also emphasise that the Marklierita (Studio);

Signal of a n

and served the company well in the ad- immediate on the site of the old Frision

most important

Kolay); World News (London 3166!

7.10. Nows Talk (London Relay) or vantage to be derived from the

that shareholders would be pay- Cottage, Muy Road, which has

termination of

General Special Announcements: 7.10, Orek. the war-damaged

of the Week -The

ting too high o price for running 745, Rugby Football. their own company. »47 condition for so long.

The bes

Managers Agreement is in being Rodle Orch

Colony relioved from the obligation of 1st Battalion Fiji Regt

by Commentary

Vernon Roberta this sort of thing had happened Friston Apartments

paying commission

on pronts from the Club Ground (Recorded;;

8, "Two Hearts in Three-Quarter chairman for figures on the pre- accruing from the sale of pro-

From the printed stalement perties which are standing in Time" An abridge Version of the sent francial stato of the com-

the Board, It will be noted that the current account, there are ob- Robert Bfolz Light Operetta, sung a fraction of their at our books

the pany, including

the part of the. value of General Managers offer to terminate ligations on Light Opera Com- by the Viennese

in conditional on current value.

Lile composer: B. the land pany cand, by

owned by the tram- their Agreement ways. Timo Signal Foa String Quartet

acceptance by Humphreys Estate 2 Bank, for example, to honour a Finsen Co. Ltd. of an offer that has cheque, which required imple (Blvdio); Arrigo Foa (int violin,

been made to them on the same mentation?--Yes, of course br. 8.M. Bard (2nd violin), Ely

Mr P. A. L. Vine, in ansWET

Atter due consideration. principle,

Hearing is continuing. rest assured that the Directors | Aives (viola), Fritz Lin (cello):

to the questions put by Mr Mesars John D. Humplireys & Bun matter 9.15. Robert Goldsand (Piano) plays have considered this

Chopin's Vartatlona on Mozart's La

Croucher, sold that the company Ltd. have decided to withdraw this from all aspects. Having done

barem La Mano, Op. 2: 9.30 had already sent a lettor to him condition.

I now formally prondse As on so, they are convinced that the Wednesday Theatre. Michael Hed advantages to be gained by the grave and the Stratford Memorial the previous week explaining an ordinary resolution:That the su

far Theatre Company in "RICHARD II"

ns possible what assets the thorteed capital of the Company be

The 29,090-ton Million Five ac-y

increased to One Company

William Shakespeare Adapted company had. "As for the

docked Thousand Dollars. 781- Hundred ceptance of the offer made by for Radio by Peter Walls from the

the price of land," said Mr Vino, "1100,000.00) bry

at after Blako Production

a three-month'a Creation by Anthony the General Managers.

70,000 now sheros cach ut $10.00." was almost impossible to give a

trip" to Australia and ́back, statement Quayle (Part 2) (BBCTS): Cast From the printed

This was seconded by Mr. D. King Richard the Second, Michael | true estimate,"

four during which

people died Mathers and approved, of the Board, It will be noted Red raver. John of Gaunt, Hugh

Mr Kadooric proposed he a second and, two disappeared. Whe

Three of that the General Managers Grinth Plenty Bolingbroke, Duke

The resolution was then put ordinary resolution: "That the "Andrewni ot Hereford, Harry

the dead were passengers, offer to terminate their Agree Thomas Mowbray, Duke of Norfolk, to the vote and carried, with Agreement dated the 10th day of

An inquiry, will be held on January, 1947, between the Com- ment la conditional on ac- William Foxline Thike of Burray; Mr Croucher abstaining.

into

the dis pany and Mowers John D. Hump board today ceptance by Fork Tramways Jack Gwillim

Green, Houkinut

of the BO A third resolution for the rays & Ban be terminaled on-Lie Ltd. of an offer that has been Americ

Michael Meacham Bushy, Richard

Henry

Hellicker, Meier John D, Humphrey & Son mate, be compensated for loss of ofßeg when the ship was near. mado to them on the same Wordsworths Baros, Peter Jackson amendment to the articles of 1 day of March 1964 and thai porance principle. After due considera- the Duke of York, Michael Gwynni, association of the company, was

and other rightla under; the'," said

on her homeward. ilon,

Mesars. John D. Hume The Cusen, Heather stannard: The carried unanimously.

ward Journey Sinn Kart of Northumberland. Alexandar

Addrming “ the moeling, Mr Agreement by the untrance to such phreys de Bon Ltd. have decided AURO Philip Morant: Kadoorie kald:.

each of a nominal value of $10.00 Willoughby, Mjeline) Bates; With: to withdraw this condition.

The purpose of this meeting I Ciceri. Itonald 1.40

Hines and I now formally" propose' Di

been explained by a Statement from upon payment of $45,009,00. to the Geofrey Baykon; 10,45,

The Board, printed copy of which Company which shares shall tank was Mrs Ann Withers, 47, an ordinary resolution? That the

for dividend on the set day of April Australian who dump pener hew best Boné to all shareholders. Agreement dated the 22nd day prox.) One Night Stand: 10.39. Repori),1,. Ziman Bignal.

The Directors have the hitherto 1964 and which hall in all other while the ship was neỀ MÀN of December 1919 between the Radio News Reel (Recordes Indon

respacia rank, "pari penu" with the bourns on the outward Josirnay, gard for the manner "In which the Relay 11.10, Goodnigh30-Mundo Company and Messrs John D4 God, lave. The queen: 11.30 Closs our aliates in the past, kine eficjent

Derry): Managers : have conducted | already, temved-shares.

This was seconded by Mr. W. She was presumpa dend Humphreyn de Bon be terminate | Down.mch

Enquiry China kiáll speci

"You've made it very difeult

you anyone to give chance," Sir Laurence said.

for

YOU ARE LUCKY

a

remained in

a

wit

new

com-

even a few years ago, there'd Prime 33 flats of varying sizes accessible by car. have been

thoughts and will be Iwo no

have gone to Pians have already been sub- about it, you'd

mitted to Government and work prison. However....

wfil be

commenced as soon as approval is given. This scheme will be financed partly by our

guld resources and parily

promised facilities

by Benkers, It ma

may be of interest what he had stolen, at the rate to you to know that most of the flats have already been

Chicfimodations of their staffs.

HE

E put Terence on probution, ordering that when he had

a new job, he was to pay back

of £i a week.

bby

our

a talk with the proba booked by arms for the accont oniect," said the

Have a ticn Magistrate. "You can think yourself extremely lucky."

UNFAIR STANDARD During 1933 there

was

and

the

re-

The latest

times of posting shown below are those for un registered correspondence posted at 0.1.0. Hongkong. The latest posting time elsewhere, which, in general, are earlier than the 0.1.0. times can be ascertained by enquiry at the local offer.

The latest posting times for registered articles are generally one hour earlier than the timen chown below. Particulars regard. ing pareol mafla can be asceriain- ed by enquiry at any post emer.

WEDNESDAY, MARCH 10 Fly Air

Japan, p.m. Formann, 0 p.m. Thalland, Malaya, Indonesia, Aurs tralia, New Zealand, 8 p.m.

By Burface Philippines, a p.m.

Thalland, p.in. Macao, p.m.

THURSDAY, MARCII LI Dy Air

India, Ceylon, 9 a.m. Terence clearly did. He nodded published the very able

Thailand, Burma. Pakistan, “Middle great violence, comprehensive report his head with

of the East, Africa, Great Britain & Europe, then hurried out of the court, on

Commllicc appointed to examine 10a.m. the probation officer's heels, as

Japan, Noon. Tenants Or- Landlord. & a man might try to catch up dinance.

Formosa, 1 p.m. The

increases with a friend long-sought and de

Philippines. Quam, Hawall USA. commended by this Committee & Canada. 1 p.m. new found.

by half after the&Canade. 6, p. were

Formos. Okawa, Japan, USA reduced

of the Bill In second Council, all outery of

Philippines, N. Boynes, 'sp.m.

By Burface. China, People's Republic, 8.30 am, Macao, 957. Indonesia, 10 am,'

* *

What's Har Line?' Solution

HOSIERY MENDER

London Erørene Sérpick.

protest

by tito Public in the local press. It la important that you should know that the

Printed and published by WILLIAM ÁLICK GRINHAM for and on behalf of South China Morning Post Limited at 1-3 Wyndham Street, City of Victoris, in the Colony of Hongkong.

Indo-Chine, Neon. Japan, 2 bm.

Koem, 5 p.m.

Maleys, Capion, India. Aden, Mid dle Kim, Great Britain de Burope,

p.m.

Stécko, C.p.in,

7

WARRANT ACCEPTANCE Shareholders may

warrant

the

Radio Hongkong

H.K.T.

Tune

The

Danish

V

Duke

no

ment.

that

Mr Ubaghs: It is a tranolt Apart from the financial side of

account. the proposal, however, there is an- other strong reason why Your Is that because you have re- Directors recommend

โปร by the Com- corded opportunity be taken pany to pain its independence. constitution of has given us entire

“Whilst --Kha management

the

satisfaction in the past, our Agres-

certain transactions pending implementation, is that

past. He said he also considered ment with them is of such a nature Sumentation of some ob-

Mr Croucher then asked the

on the part at the that their obligations, as well as

Bank?-On, the part of the their rights, could be assigned to

as tho others without Shareliolders or their customer or the Bank elected Board being consulted. It fi

caso may be. obviously of paramount importance

Either one

or the other?_ that such a situation be avoideci

or both. shut the full control by the Board Yes, be established.

In cases of a H.K. dollar

of

"JINX TRIP": "ENDS

London, Mar, 10.

Hner Orion At Tilbury... yesterday

company of 4,500 fully paid aliares fortnight again.

"of the "Tramway, myslem | #toker and adopted.

The

other

Adzin.

.