1955-03-11 — Page 12

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JOHN CLARKE'S CASEBOOK

The Magic Streets

MA

ARK had not a care ju

the world, and the dinary

Mark. seediest streets in Kentish Town seemed as entrancing to him as streets in a fairy town in a children's play.

Nothing, he left, was too m vellous wo happen to hun, and presently sure enough, Ango things did begin to happen. A ubbend lamp-post seemed lu

was just

or-

having an drink, that's all," sald

"You arem to have had too many ordinary drinks."

"Well. if that's anybody's foult It's mine," Mark Maiti handsomely.

Well,

I find you guilty," mid

He turned magistrate, The gaoler. "Anything known?" he asked.

Wh

DON'T COME BACK

ما

from its stiff anal attude E was last here for drunk-

und to beckon lu Mark

sisterally u 0 houri

Colph's Bagdad.

Mark with

"H

in- the

enness in March 1993,"

fran the fumeN

CHINA MAIL

Established 1845

¿FRIDAY, MARCH 11, 1955.

H.K. BANK CELEBRATES

ITS 90th BIRTHDAY Chairman's Disclosures At The Annual Meeting

A week ago today the Hongkong and Shanghai Banking Corpora- tion celebrated its 90th anniversary. This was disclosed this morning to shareholders at the annual meeting of the Corporation by the Chairman, the Hon. Cedric Blaker, MC.

·

In an address to the meeting which he gave after submitting his The magistrate turned again to printed statement (see page 1) the Hon. Mr Blaker analysed the Corpora-

tion's accounts and balance sheet for the year. Mark. "Pay 103," he said, "and please don't come back again."

"All right." strid Mark.

Thank yo VITY krunard.

and

the drink he had laker; werving he Ho prettiest patterns in his aid! much.

And he hobbled out, küll grin- barwin, found himself quite un- able to resist the

inimp-poel'armang, to pay the reasonable sum

from the cash he had in hand, the IL -

to rewar atul swayed towards

then, to braced it, and muttered sweet streets that same people found nothings about its bring the bast jarruth, and grey but which to han with of eli lamp-poste in the world.

sometimes touched

BUSTULA?,

He

STREET-LAMP SERENADE

E

1111

Hump post

clasping

ther urki groping around in his mind for words to put into poetry to express bis feelings, still grusping at witches

"

of half-Argotten songs to give

when music to the poetry, policeman came up.

'The

policeman

vid

saw only rugged man wrapped round

a lamp-post.

"Now then,"

#તું.

the policeman "You'd better let go that lamp and go hone.“

36072 image.

Lot Of Sound,

Signifying Nothing

WON

Heads turned as pedestriann stopped and stared along Nathan anitoad this morning and traffic motarnful slowed down as

siren-like waif shattered the atr There was nothing really un- but usual about a siren's wall What

odk

that the Wits familiar red of the fire brigade or the ominous grey of a Police van were nowhere to be seen.

The

volume

increased ferry-bound cars hugged curb na little tax dushed for 1 side street and the nearest to treat a jammed cur horn!

Mark tried to bet go, but when Ire did i lamp-poet, 5 - ended, tripped him up,

The policeman pulled Mark to the and led him to Jus feet

Next morning ut the etation, Clarkanwell Court, Muck pluded gidity to have, the night be fore, been drunk and incapable,

TEN

JUST AN ACCIDENT THEN, as if it were an after-

thought, he added: "Well,! guilty but accidental, you might ely,"

and the

Radio Hongkong

1K T.

Subsequently at an extraordinary general meeting, two resolutions relating to recapitalisation of the Bank were submitted and approved.

half of

Customers have

to

There is no need for me Addressing shareholders, The total of Certificates of Indebted- ! Chairman said:

Current and Other Ac say anything about the changes Before 1 proceed to comment counts and Acceptances on be in the Board of Directors, but I In- much regret that I have to re- on the accounts I want to draw your attention to two anniver- creased by HK$36 millions and cord the death last September of

respectively. Major-General Sir saries connected with this Bank HK$40 millions

Frederick GBE

KCB, which may

of the Sykes, GCSI, not have come to On the assets side your notice. The Arst was

Short, Balance

Casti,

Sir joined the Call CMG. UN

on October 8, Treasury

sury Bills have Board

1943. August 6 inst

I was the Money and year B0th anniversary of the meeting

decreased by upproximately

was established while it held in Hongkong on August 6 HK$300 millions, and the funds London as a result of the war, 1864 to form Provisional Com- thus made available, together and after the Board moved back mitice to undertake the -

with the increase in our total to Hongkong he sat on

Committee up

bla to tablishment of this Brunk.

funds during the year, have London

had A very dis The second anniversary was been mainly ro-employed in death. He on March

That Trade Bilis and Advances 3 last week,

to tinguished and varied career and in will be greatly missed by his have which the 90th Birthday of the Customera

millions

friends. Many HK$140 Bank, which opened for business creased by

Ladies and Gentlemen, The respec- for the first time on March 3, and HK$184 millions

and Statement of Ac- 1005

Uvely.

WBS

wis

More-

in

43

the

OUT

vur

It is a source of some Report The Book's

been counts having been in your centenary still satisfaction that we have lles ten years ahead but ninetyable

these large hands for the required perlod I lu employ

will now formally propose their years is a long time to all of us | funds during the year

in their

adoption as presented. and it happens to be a suitable | rightful

of funcing sphere

MUST BIDE TIME Dusion br bringing about a international trade and com-

Mr J F. Mucgregor, second- small change in the capital struc- | meros, As a result of the re- ture of the Bank and sv to duction in Cash, Call

ing, said: Money

I cannot claim that my firm has not and Treasury Bills, the ratle uf has quite such close links with benefit shareholders 105 boen done since 1921,

readily ishull the Bank's

realisable

fid Shanghai leThe Hongkong be referring to

again ansels to its total liabilities to Banking this matter

Corporation in a few moments,

customers has decreased from Chairman's frm has, but I am I am particularly happy ut last year's figure of 65% to being able personally to

58%

which, however, still re- proud of the fact that my firm dates from 1864, the same year attention 10 these

anniversary presents 'a satisfactory degree as the Bank's Provisional Com- dates, us a predecessor of mlac, of hareholders will be aware, relations have always been very

mittoo was formed, and Mr H. B. Lemann of Gilman & As Co., one of the original trading conditions in the ter close. directors of the Bank.

rikurica in whitela we operate As I Estened to the Chairman's over. Gilman & Co. together have, in general, continued to remarks about the Bank's main pm, Tue Signal and Programtse

with David Sassoon & Co are be Summary 603. Children's Field Itour

difficult, although the in- problem in China being still which WITC only Valerio

I recalled that a presented

Joan and by

represented (Studio); 0.30, Pepular Song Parade;

original case in the prices of certain unresolved, on the

primary commodities

the short time ago one of the lead- Board and are still represented latter part 609. Weather Report; 1, Time Signal,

of the year rathering Asian statesmen on return- on the Board as constituted 10- World News London Relay; 109.

in some ing from Peking was reported The picture changed Appeal for the Alice Mo Mu Ling

to have said that the duy, ninety years later. by the Hon. Netherle Hospital

In all the circumstances feature of the situation in China Drezy. 15. K. Hawkina, C.M.G V.B.E.

Incidentally the first Leadon

Directors feel your

that the ecorded): 1.15, Artist of the Week

Manager of the Bank was Mresults

was that it was so Chinese. Gedda

of the year ..Nicola)

(Tenor); 7.30,

be must W. H. Vachell, previously

There is a

great deal in this Viewpoint. A weekly magazino de-

regarded as satisfactory. voted to the Arts Edited and infro. partner of Gilman & Co., and of

remark. The modern Chinese is OFFICES WOUND UP

the were deed by Janel Tomblin (Studio);

Ashton & Co., the

fundamentally not unlike London

The printed statement which is says you

Reviewed by Bank

Marie Cle

Chinese of past dynasties. He is Branch of Gilmans. For a short in your hands today deals with in no hurry to resolve diffloud! Icaning on a lamp-post, or thements The Nature of Human Tyrrell,

time the Bank appears to have the political and economic eltua problema. I suggest that we too lump-past was leaning on you." Personally by G.N.M.

at 12/0. Who

its offler in Gresham House, Old "Very likely," said Mark "I'm Alan & Unwin

the Guilty by D. Abrahamsen

Eastern countries must bide our time. If we wait Broad Street, where Ashton & Fu Gulants at 13/8. Are They

offices. It getting on for 80, you know. Go

al long enough the turn of the tide Always Right?" A feature on re- Co. were established. straight to glory, one of

in China will come. For instance my et- views Borton "Pops Orchestra days."

conducted by Arthur Fiedler, 0.30, Love Scertes of Long Ago-a drama-

ing final closure of our Shanghal foot that in 1933

Chairman your rending from the novel The

1 will How turn to

that day referred to the Office. I will now only say that of Auto and Option ui Tristram

while the Bank's main thid yourself Shandy

problem restoration of diplomatic rela- by Laurence "YES, but you

Sterne, "My Accounts.

Widow The net profit for the year in China is still unresolved, our tions between Chlia and Russio Toby and the now 171 very different tinete

藕

amounts to HK$10,290,451 which Omeos at Swatow and Tientsin that year and to the invasion of Wadman (BUCTB); 9. The Signal; place, and the mugistrate,

Hour-Classical Re Music Lover

up during the the Chinese market by Russian woundi "Agreed, said Mark.

quent presented by Aileen Dekker Adam a

all, timber and place goods. Studio 10. Grantley personal portrait by Gordon Beil

Boulevard

Cafe: BRCTS), 10.15 0.30, Hecord Round-About; 10.50. Weather Report 11. Tim Stenal. Itudio News Reel (Recorded London Relay 11.15, Goodnight Muale; God Save The Queen. 11.30, Close Down,

T. F. Mr The magistrate, Davies called for the evidence, and the policeman told his story. Then Mr Davies asked Mark hy bad any questions 14 Osk,

That doesn't matter much, does it?" Mark asked, "whether I've y

Just a soud" "I not, it was

*The officer

AN ORDINARY DRINK

these

The officer coughed: “On him, when he was searched," he said, he had 20. dd, in silver, and 250 in notes.”

said

the

"Say that again," magistrate. The policeman did.

15

MODE ELITE

KAYAMALLY BUILDING.

22 QUEEN'S ROAD, C.

TEL. 24052.

Scarlet

THE COLOR-SPECTACULAR OF THE SEASON ·

ACCOUNTS ANALYSED

а

the

tion in the

where we have refers to the

л

and to our not intboksertion has been called to the

and

Sheaffer's “SNORKEL"

SIDE GLANCES By Galbraith

2.1

3. 16 Reg. $ 1, 201 DIE Dap, 1988 by HĨA Bormion, Iva

"This letter about some basketball hero, who fell in love and now can't make a shot. reads like a novat'll have to remind Bill ho's studying to be an engineer!”

$2 Million Deficit In December

A last year of $2,007,942,87 was announced in a financial statement published in the Government Gazette today. Revenue for the period totalled $90,037,638.92, while expenditure amounted to $32,- 645,418.20. The General Revenue as at December 31, was Balance $307,169,850.31.

deficit for December

Samo of the largest heads of expenditure for the month of December werd Miscellaneous Services $4,423,339,70, Miscel lancous Measures of Defence $4,142,880.83, Public Works, non recurrent $3,092,534.42, Hongkong Police $2,700,380.10, Medical Department $2,019,- 187,85.

On the

revenue side, the largest items collected during the month were: Internal Re- venue $12,735,217.65, Duties $0,- 373,818.13, and Post Office $2,-- 369,183.22

Today's

Gazetted

Hongkong's Driest Appointments Feb For 44 Years

Not since 1911 has Hongkong experienced a February as dry as last month, reports the acting Director of the Royal Observatory.

Only one-tenth of measurable rainfall was recorded at the Royal Observatory.

Although foggy spells and cloudy skies blotted out the sun from time to time, the weather was sunnier than usual, and temperatures were well above normal, the highest February temperature, 80.7 degrees being recorded on the 27th.

of The Arst tropical storm 1855

to have was reported formed cast of the Philippines

on the 23rd but after

ECAFE DELEGATES

Tuve

LEAVE

members of a Hong-

AND

of

H.E. the Governor, by Instru- ment under the Pubile Seal, has appointed Mr James Wicks, District Judge, to act us a Pulsne Judge, vice Mr James Reynolds, it was announced in the Government Gazette

Other appointments gazetted were: Mr G. P. Norton to bo Assistant Chief Architect; Mr R. to bo Education F. Simpson Officer; Mr Chin Ping-chuen, Assistant Officer, Royal. Ob servatory, to be Scientific Off-

ocr; Mr C. J. G. Lowe, Educa- on Officer, to be Aeling Senior Education Officer, vice, Mr G.

P. Ferguson

It was also announced that Mir F. R. J. Lillywhite ceased to net es Airport Manager of the reburn of Me 0. F. Hamilton Mr F. Shanks, Commissioner of

and Valuation Reting

resumed turning his duties vice Mr. A, V. Cu ori to a N'ly track cast rie: Mr R. J. C. Howes consed Mindanao the storm filed in to be Deputy Colonial Secretary to the east of Lauzon in early the resumption

on March.

Mr Burgess first six days of the month were mainly cloudy or Overenst and on the seventh began a spell of foggy weather with periods of drizzle,

The

of duty by Mr D. C. Barby ceased to act as Establishment Officer on resumption of duty by Mr Howes.

J

EXECUTIVE COUNCIL

It was announced that H.E.

is some HK$2 millions in excess have been peking is likely to sincerely hope that the time the Hon. Ngan Shing-kwan, Mr long the SE China coast on the the Colony of the Hon

our

come when not only

W.

Ramsay Main,

the

Al

Mr

On the 11th the anticyclone the Governor has appointed Mr kong delegation left for Tokyo over China intensified and

A. Blackwood, provisionally by Pan American Airways this

and subject to Her Majesty's morning to attend two ECAFE strong curge of the NE monsoon brought cooler air from NE

Unofficial pleasure, to be an Japan. The de Asta. Strong NE winds reach-

Executive conferences in

Member of the at times blew legation was led by Mr Funging gale force

Council,

the absence during Other members Ping-tan.

trom 12th but m

quickly moderated as

W. Tur Economic

Turczy M. continental anticyclone

Macfadyen to be an A. A. Hongkong Gover Secretary,

CLOUD AND SUN

Coundl Hongkong Government repre

vico the Hon From the 15th to the 17th, tivo will sentative in Tokyo.

Hongkong weather was cloudy B. C. K. Hawkins (resigned).

Mr A. G. S. McCallum has The talks in Tokyo will start at night with sunny perfoda

been appointed Committee, vico Member of the with the seventh session of the during the day. On the 18th

Port Executive ECAFE Committee on Industries small area of high pressure over hir PF. McCabe; the Hon. and Trade which will be held the Tonkin

area gave brilliant

has been ro C. E. M. Torry between March 15 to 24.

weather under wly winds and C. This will be followed by the the following day the Siberian

of the

Committee, vice Mr. F. 11th plenary session

as your counterbalance this, ea you will Shanghai be settled but that i ment, and Me W, J. Anderson,,"pread eastward and weakened.meni Member of the Execu-

inner office

appro-

Mr

priation is accordingly HK$29,- much to all the varied matters and I recall that in 1921 when Economic Commission for Asin nticyclone intensified, extended led a member of the Port

recommended Dividend should again be

bo

Ale

and

the

PROMOTIONS

per share, leaving a balance to visit to Washington ↑ I think, chosen a timely monen) { officers in the Hongkong Auxth gave way, to a brief cloudy

also

of

X D'Almade Castro,

It was notified that HE the Governor has appointed Mr J. W. Ferris to be an Assistant Secretary to the Urban Council.

Todds Given

Gay Send-Off

of last year's figure. As

inpust previous

years the published be cu profit has been unived at after In Vietnam we have shut our will soon

to transferring

ot Haiphong, but to will the Bank's problems in reserves such amounts Directors have deemed

Statement, we also the from the

embargo will be TCL printe, out of which

have now reserves

completed arrtinge- | moved and British goods provision has as usual been ments for opening an indepen-anco again flow freely into the made for

all known bad and dent branch at Phnom Penh, the Chinese markets. doubtful debts and contingen- capital of Cambodia.

TIMELY MOMENT cles. The balance of

Most of

know that our profit

I have been a shareholder of brought forward from last year Chief

Michack Manager, amounts to HK$9,859,542, and Turner, had a

has

a busy time The Hongdong and Shanghai the total available for appro- this

Bank for a great many years year. I do not refer so

southwards to cover China and NE monsoon surge brought 149,993. In view of the heavy with which he has to deal in the Bank last made an issue of and the Far East from March 20 expenditure, which it has been wit

extremely dry air to S. China. Although gales affected the necessary to incur in recent his office here in Hongkong, as new shares it was at a time when to April 7.

to the extensive tour he has owing to the high price of silver years on Dew Bank premises, it

Formosa Straits and China Sea to

on the on 40 is proposed that a sum of HK$0 made of our offices throughout and booming trade it was com-

fine cloudless Hthe East and to America.

20th, ne He paratively easy for the Bank milions should this year be has

weather was experienced in visited

every one of

of our make large profits. Nowadays Bank Premises has written off

Hongkong on the 20th and 21st. in offices

profits are not so easy to gather Account and, after allowing for

Japan, Malaya,

con The promotion of Captain E. The relative humidity fell to Bank is to be Borneo in-and the Philippines, this transfer and the Interim

Indonesia.

gratulated on the prudent way L. Gosano, of the Hongkong 13% on the 21st the lowest Dividend of £2 per share, it is

has been to Bangkok and it was accumulated reserves un-Regiment, to the rank of Major, ever recorded in the Colony for that the Final Hong Brunei, and

and in £8 Saigon,

addition to til the right moment cause for a has been approved by H.E the the month of February.

Warm weather Governor, it was announced in

with long some

San further capitalisation operation. days

The Board of Directors have, the Government Gazette today sunny periods from the 22nd to and New York he has

A warm send-off was given curried forward to next year

The following promotions

Mr R. R. Todd, former Sec- of HK$10,215,250.

to make Anshareholders will be aware, mak

Spell with early morning 10g on issue this now contacts' with our to make

Air Force were also

28th but the last few days retary for Chinese Affairs, Mrs It is proposed to increase our Embassy and with the U.S. shares and the transfer at the liary,

Treasury. Wherever

ho went same time of the considerable gazetted: Flying Offer R. Heard of the month saw a return to Toki and their child, when Share Capital by the issue of

to the to be Acting Fight Lieutenant; warm, brilliant weather as high they sailed in the RMS Cortu interviewed Government gum of £2 milions one now share for every four

Pilot Officers N. W G. Marsh, pressure built up over 8.W. shortly after 10, by, launch from Quecia Pier where a host of oficials and our banking friends, Reserve Fund indicates that a shares

held and

V. E. Berger and G. J. Bell to China. proposes to take a few sound

and

well-considered Extraordinary General Meeting He now

bo Flying Officers,

The month's Agures and de their colleagues and associatos partures from normal were them farewell.

ar friends gathered to bid is being held after this Meeting works' leave in England but at policy is being followed.

I hav much pleasure in to pass two resolutions for this the same time he hopes to coin-

Sunshine 147.4 hrs. 49.3. bra, the,

A long string of firecrackers purpose. In this connection it ploto circle by visiting seconding the resolution which

above normal; rainfall 0.1 mm. yot Chair.

has been proposed from the Naturalisation

was set off as Mr. Tod's 44.5 mm. below normal; cloud!- is hoped, provided of course the boso odleds he, has not

cod profits of the Bank are mainam sure that the personal

facts made, and

On the proposition of Mr W. the personal

H.E. the Governor, with the news 60% 15% below normal; pecially decorated launch palt tained, to pay the same anual

below relative humidity 70% 3% away, from the, ples. approval of the Secretary share for knowledge gained by the Chief C. Gomersall, seconded by Mr Dividers of

рег

normal; moan maximum tem- State for the Colonies, has con-

above the current year on the in Manager will prove to be of G. W. Sowell, Messrs B. T. great value to the Batis Is the Flanagan, R, Gordon, and J. IL

ferred the privilege of British perature 07.5 F +40°F.

mean minimum tem creased capital.

The Queen's Exequitur em- normal;. Yuturo,

Direc- Naturalisation on Hamm were re-elected

Misa Mow

57.4°F 1.8 above powering Mr Sutomo Josowidl BALANCE SHEET

WELFARE ASSURED !~!!-

Chuk-kewan (existant education Perature From the Balance Shoot, it is

Temperature to not be Cosul for Indoriedin will be observed that our pube I am glad to say, that Mr | Mitchell & Co

maan dew point bar norinals Maddy's skenature, lished Reserve Fund now stands Turner reports. favourably on appointed auditors on the pro- at HK$128

Maximum temperatura, millions (£8,000,- our, staff of all nationalities. He position of Mr J, D. Claguo, 000), the increase of HHC$32 mill, has been able to take steps to reconded by Mr.W. Stoker.

80.7°F was recorded on the 27th. Calmatu, today. Corporation by the distribution Mean temperature of 44.778. vi te wan also no Boas (£2,000,000) representing mure that their welfare is RESOLUTIONS PASSED

40,000 shares amongst was recorded on the 21st S a transfer from Cantingencies t

At an extraordinary general of Account of funds which are no operly sured. We are most

hareholders in the proportion grateful to them for their mooting which followed,,; two longer required for the purposes loyalty and efficient service to resulons were approved. They of one share for every four for which they were on the Bank

vere to Increase the capital of held.

appoi put make With regard to the

During Mr Turner's absence, the Corporation from $20 Both resolutions were propas to be Ik will be fitted that the ad Mr. G... Stacey, who hok the million to $25 million by the ed by the Chairman, the first Loung

being":"- seconded by Mr W. A. of Direction; Note: the ham bera daccessed Appointment of Deputy Chief creation of 40,000 new shares of

oficiently 1120 each, s

And

capitaline-85: Biowort; and the second by MrWb were ann Printed and published by WILLYÁNÍ. ALICK - CantHAM for caring the year by some HK180 Manangerji hüa very and on behalf of South China Morning Fort. Limited #£#1+B] | [27]£150, which, if reflected in'n talcm chaage of the ***

of pornponding, redueticks in the! Omon

Fundivided Wyndham. Street, City of Victoria, in the Colony of Hongkong.

belge

DE LISO

delbs

Intoxicating stimulant for grey, navy or

smooth blender with pink to red prints and with textured fabrics for the important new head-to-toe. costume look.

Also featuring many distinctive foot- wear by

"Mademoiselle", "Valley", etc. and the softest, casuals that ever walked "Capezio", "Joyce"

"Rhythm Stop" (Med, heel walkers) with MATCHING HANDBAGS from New York

and Paris

4

now

other items in the Bal

Balance Sheet,

Consul Approved

Mossre Pont Marwick, offerr), it. was announced in normal; mean

the Government Gazeito today. 82.1°F 3.0 Kahown: normal; at Hongkong, have received · Her

WOTO

adopted.

... ,