•
CROSSLEY BROTHERS LTD. MARINE, STATIONARY & AUXILIARY MARINE DIESEL ENGINES,
ENGINEERING EQUIPMENT CO., LTD. H.K. & Shanghai Bank Bldg. Tel. 27789
Murder Trial Evidence
Evidence that he recognised the voice which spoke to him over the telephone from the Tai Hung Tung roettlement police pust be that of
the po
cused, was given by Corporal Chan Wal-poon at the trial of
Li Hen, 26, a police constable,
for murder before
C.
W. Reces
Mr Justice
CHINA MAIL
Green Island
Cement Co.
Meeting
In the Criminal The Green Island Cement Company, Limited,
Sessions เป morning.
The wits Buid that he was
acting OD at Shamshulpo Police Salon on November 28 when last 1ceived a telephone cali
.. about
4.52 am. that day he
froth the "tal lau" (police cut-
charge) stable n
at de Tal Hana Tung resettlement area,
utad then the accused spoke to him. He wrote down the gist of what the occured said this
report book.
An objection by Counsel for the Defence that the evidence of the witness was inutimissible on the
ground
over-ruled.
I
Was of hearsay
made a profit of $4,235,752.11 during the year ended December 31, 1956, it was announced at this morning's annual general meeting of the com- pany's shareholders.
·
The meeting also unanimously passed a special resolution which amended the Articles of Associa tion to increase the annual remuneration for Directors to $5,000 each and for the Chairman to $6,000.
Two rering
Directors, Mr H. I.
r Cleland and
I. Kadoorby were re-elec, d, and
Lowe, Là in charged with the murder | MesaTA
Dingham and whom he in Matthews were re-appointed ng of Ho Sek-Jun
the company's auditors, alleged to have shot at the Tai lang Tung resettlement area m
In his printed statement to the early hours of November 28
shareholders, the Chairman said: faut year.
ls with deep regret that I have to recall the death since Ho Tung, KBE. Sir Robert was our last meeting of Sir Robert Director of our company for 20 years and retained to the end Anancial and commercial affairs and in the human problems of the staff who serve us.
We
Mr D, E. Oreentleld, Crown Counsel, prosecuting, assisted by Del. Insp. D. R. Harris. Mr V. L. J. D'Aiton defending the accused, on the instructions al Hastings and Company.
RECOGNISED VOICE
Corporal has evidence, Chan Wal-peon sald that the
telephano was the accused because he had asked who he was and the accused had given his name and number. He also recognised his voice,
second person who spoke to him
OVET
the
his keen
interest both in
ontr
|
In spite of these unfavourable factors, nett profits for the year amounted to $4,235,752.11, out of which your Directors have
recommended the usual pay- nent to shareholders of $4 per shore. They have also recom- mendej a bonus to staff in the amount of $73,817.08, to which
am sure you will agree as a well-deserved mark of apprecia- Adding tion for their services, the unappropriated profit of brought forward $384,094.57 from 1955, there would remain, if the foregoing recommenda- tions are approved, a balance for appropriation of $940,689,00
Your Directors
have had under consideration shall miss the valuable advice time the desirability of establish- and assistance which his longing a Dividend Equaitsation Re- experience of business la perve. A6 shareholderS ага general and of our company in aware, the profts of this com- particular made him so
wellpany arc liable to fluctuate qualified to give,
quile sharply from one year to another, often due to temporary The second loss to the com- factors such as the movement pany has been the resignation of freight rates Or unpredict In cross-examination, witness from the Board of Mr W. A. able and rapid changes in do- told Mr D'Alion that he could | Stewart, which your Directors ma
mand. In
principle, it seems between the two accepted differentiate
greatest dearable to even out fluctuations voices over the telephone. He regret from
beginning in the rate of dividend, but so had
spaken the accused of the current year. Mr lon
the company was in ur long as before from the same police Stewart was Chairman of gent need of funds to meet its post.
from company
imme- capital expenditure and carry diately after the war until the its stocks, the creation of beginning of 1950, and held that Dividend Equalisation Reserve office at a time when the out- would have been
premature. look for our business was ex-
however, we have Now,
caally reallsable reserves in the form of our investments, which were increased during the year, by the
He wrote down the gat of the conversation in his report book.
Earlier, Det. Sub-Insp. Chan Cheung-chuen, attached to Kow- Joon CID HQ said that about 9 pin. on November 20 he went to "D" block in the resettlement
the
with the
the
area and stood at the bottom of | largely uncertain. It was very
due to his guidance and the staircase of No. 393. From financial ability that the com there he could see the lavatory pahy surmounted its difficulties, which had a light instructed a policeman to stand inside and he could see his head
on. He and both present and past share utilicnse of front-rank local |
clearly and was able to identify the person.
Witneso said he posted another policeman outside the lavatory. Although he could see the man he was unable to Idemify his face although he knew who he was.
In reply to Mr D'Alton Inspector Chan said that the he placed "inside the lavatory was between 5'4" and 5'8" tall.
person
It was dark outside the lava- tory, and there was no light nearby. The nearest light was
The
Radio Hongkong
II.K.T.
holders are under a special debt of gratitude to him. He is still
..
retaining many of his basiness
Interests in Hongkong and I know his advice will always be
available to us when we want it.
SALES UP
On
and investment com-
pany shares, to
of current assets over current
THURSDAY, MARCH 14, 1957.
Capt. Robert Welland laying a wreath at Sai Wan cemetery this morning.-Staff Photographer,
Canadians Pay Tribute
To War Dead
Officers and men of the Royal Canadian Training Squadron today visited the Sai Wan Military Cemetery where a memorial service for Canadians who gave their lives in the defence of Hongkong during the last World War was held.
A bugler from HMC Ontario Ofeer of the Squadron and sounded
Post the Lost
and Commanding Officer of HMCS Revellie and this was followed Ontario, Captian Robert Welland by the service conducted by (DSC and bar). Wreaths were Padre Horatio Todd the Pro-
also laid by Major Herrington testarrt Chaplain of HMCS and Chief Petty Offfeer Bodic, Ontario and Father J. P. Beinger both of HMCS Ontario. the Roman Catholic Priest, also of HMCS Ontario.
a wreath
After the service
·ceremony was
Attending the Mr C. M. Forsythe-Smith, was laid on the monument in Canadian Trade Commissioner the Cemetery by the Senior' in Hongkong.
Mission Coming Here To Stimulate Trade
du
and
As I indicated to you in my last statement, we envisaged a small reduction in the amount
BALANCE SHEET of clinker produced last year, as
Turning to the Balance Sheet, a result of the reconstruction of
The following are some of the the only items requiring com- our old No. I kiln. This was ment are those relating to capable to explain and answer:
questions the mission
will be taken out of production as tal expenditure. The two new planned in the middle
the of transformer rectifiers for
SOME QUESTIONS November, and output of
precipitators rrived
SHEAFFERS
Skrip
ELECTRICITY SURCHARGE
EXPLANATION
was supported by the Hon, Bir Shouson Chow, the Hon. Sir Tsun-nin Chau Mr A Stewart, Mr G. M. Golduck, Mr H. D. M. Barton, (Direc
tary), and Mr D. L. Frophet re- presenting Merses Peaf, Mat- wick, Mitchell and Co., Audi- tora.
Explaining the increase in electricity sur), Mr W. Steker, (General charge, Mr B. T. Flanagan, Chairman of the Board Manager), Mr. F. H. Fell (Secre of Directors of the Hongkong Electric Co., Ltd, said at the company's annual general meeting this morning that fuel prices had increased by 20 per cent since the last surcharge reduction in August 1954.
Shareholders were representad by Dr T. T. Mok, Messrs Ben- jamin Wong Tape, Leung Fattin, H. D. Vere Booten, Leung Pak- min, B. W. Bradbury, W. E.
Chi-pic sur-Mosers Gibb, Livingston and Co., Ltd), R. C. Lee, Wong Kin-wo,
The main reason for the increase in fuel costs, Mr Flanagan said, was the “very large increase” Gutierrez, G. W. K. Crawford,
in freight rates, particularly tankers.
Lo Yuk-long, Wong
R. A. Joscelyne (representing
"You may be sure, however, that our charge rate will be adjusted as and when possible," A. K. Minu, IL N. Mchal, Roy he told shareholders.
B. Anderton, T. H. G. Brayând, Hudson Chen Wood, Abbib Earlier, Mr B. W. Bradbury, in seconding the Chair-Abbas, and Hou Kun-chow. man's proposal for the adoption of the Report and Accounts, said he was satisfied that the Directors were
doing the right thing in absorbing part of the higher fuel Now Dulles Says: costs.
1950
tions:-
pay
of
90 cents per share in respect of
a final dividend period July 1, 1956
to De on 5,000,000 cember 31, 1958 shares, costing $4,600,000; to transfer to S to write
general
|ing potential for 1957 would be around $1.80 per share. It is not possible to forecast with any assurance because of fluctuations which have taken place in fuel prices, but at the moment I feel that the previous forecast will bo attained.
to our
ex-
Nasser Aimed
To Seize Suez In 1955
The Chairman sold: The statement to shareholders has been incorporated with the Directors' Report and Accounts, and was circulated to members with the notice for this meeting. An interim dividend of $1.10 per share in respect of period January 1, 1950 to June 30%
You will recall that during 14. was paid or July
dividend wED 1956 on 3,600,000 'old' shares, 1950 an interim
paid on the 'old' shares for the
Canberra, Mar. 13. and your Directors now recom- period to June 30, and the latter The United States Secre mend the following Appropria-half of the year was dealt with tary of State, Mr John separately for dividend purposes Foster Dulles, said today it to include the New Issue,
It is
is expected that during the was now known that there forthcoming year we shall re- had been Egyptian plans to vert to
policy of
selzo the Suez Canal 'Com- paying an interim dividend of roughly cne-third of the pany two years before It was
done. pected full amount.
Regarding the increase in In addressing a Press con surcharge to Consumers the forence at the end of the three-
can be stated quite day position simply. Fuel prices increased Seato council of ministers Mr armual meeting of the
by no less than 20% since the Dulles said it was band to Just reduction
in surchargo - answer whether cancellation of that is, August 1954. The whole aid for the Aswan Dam had led of this increase up to December to Egypt's seizure of the cacal Mr B. W. Bradbury, in
has been borne by the "If it had not been this occa- seconding the proposition, said:
Company
slon I am sura another It may be of interest to, com-
ope ment briefly on
A further 20%
increase be would have been found, # the salient
came applicable at the begin points of the year's operations.
and while the ning of 1857, Most important in that work company will still bear the in connection with the new generating station is on schedule, original increase, the surcharge
had
to be adjusted to moet, a and thus, barring accidents, we
proportion of the increase. should be able to generate sil the
power required, with
The main reason for this in- crease in fuel coste is the very reasonable margin, by 1959, Secondly, that plans 10
dis-targe increase in freight rates, tribute this
particulaly tankers. There are power have been
reduced, but signs that these rates are being world while the remains so complex it
reserve off com- to Agents $1,600,000; to 1957 the to carry forward balance of $706,304.33.
I now have pleasure in pro- posing that the Report and Ac- counts as presented be adopted, SALIENT POINTS
0
worked out by the management, and that the high tension, dis tribution system is being ze- intorced where necessary.
I notice from the
accounta
that the amount available for dividends and reserves would have been greater to the extent of some $1.8 million in 1956 had the surcharge been raised cover the extra fuel costa,
to
I understand that it is only by increasing the efficiency of the Company that this has been to say, by possible, that is spreading the costs over a larger volume
of sales,
1950
He said the United States bo- lieved it would be desirable to have the United Nations Emer- gancy Force functioning, as buffer between Israel and the nolighbouring Arab states.
"That has been difficult to-- work out, particularly because Israel has not wanted any elements of the United Nations foros on the Israeli side of the boundary and we did not want to have them only on the Gaza
situation possible to forecast strip side."--Revit.
is almost
whether or not the reductions be sure, however, that our sur will be maintained. You may charge rate will be adjusted as and when possible.
OTHER BUSINESS The Hon. Sir Shouson Chow and the Hon. Sir Tsun-in Chau were re-elected Dinoctors by a resolution proposed by Mr B. Won Tape, and Mr Leung Fatin, and carried seconded by
unanimously.
On the proposition of Mr H. do Vere Booten, seconded by Mr W. E. Gutierrez, Mr H. D. M. Barton was re-elected Director. Messrs Peat, Marwick, Mitchell and Co. were re-appointed Audi- tors for the year 1057, on the proposal by Mr R.. A. Joscelyne
Beggar Had $.726
B
A 67-year-old woman, when arrested by Police for begging in Caine Road on Sunday, had Hin-shing Lo was told at Cen $720.75 in her possession, Mar
ral Court this morning
who
admitted the ofcung Nul,
was flued- $165 Im- posing the fine, Mr Lo told her that she was richer than quite a lot of people in the Colony.
Another worman, Choi Ah-nul, 80, who also pleaded guilty to a similar offence, was aned
the tirne of her arrest the (Chair-woman had $83,90 in her
There is a limit to this pro- cess, however. Costs of all and seconded by Mr Wong Cht- $5. The Court was told that at
this is due to world conditions commodities are
going up and po.
Mr B. T. Flanagan
which are beyond the control of man of Directors) presided. He possession, any one organisation.
DOING RIGHT THING
total of Five American business experts are due here on $3,018,307.42, while the surplus April on a United States Government mission to con- liabilities is considerable. Your sult and advise the Colony's industrialists and traders Directors have therefore recom- on ways and means of stimulating two-way trade. mended the transfer to a Divi- The trade group comprises an official of the United dend Equallantion Reserve of
States Department of Commerce and four businessmen $600,000
from the Pro and The third change in the Board Loss Account, leaving a balance who have been selected for their competence and prac- has been the retirement as a to be carried forward under this tical experience in their respective fields. Director of Mr R. P. Moodle.heading of $346,869.60 Mr Moodie did not submit him-
Some of you may have seen They are: Charles F. Boehm, and business who am familiar This is a very considerable self for re-election on retiring | in the press the development team leader, and director of the with the many facets of two- Eum for the Company to bear by rotation after the last ordin-
plan for the Hunghom district Commercial Intelligence Divi-way trade between the United which benefits all consumers, ary yearly meeting. Since before
in which your Company's faccion, Bureau of Foreign Com-States and the Colony and it is and I gather that a loss of a the war we have been fortunate
tory is situated. The whole of mercs, US Department of Com- headed by an official of the similar amount or more will be enough to have had a succession
Our property Was originally morce; Wise, assistant to United States Department of met in the coming year. of distinguished representatives
the plan for the
of Pittsburgh Commerce. one inside the latrine, he Banking Corporation
from the Hongkong & Shanghai scheduled under
Metallurgical Company; Richard the industrial purposes only, but sold,
De
WELL-KNOWN manager of the Board, and we would take this upon appeal an area, the exact Ifearing is continuing.
opportunity of thanking Mr extent of which has not yet been
Area Department, Moodle and his predecessors for deelded, has been reclassified for the Cleveland Electric Illu-
These men representative of the American social system-- all they have done and continue high density realdential/minating Company: R. A
have become well-known This will allow Hamel, manager of the Foreign through the manufacture, sale, to do for our company.
industrial use. us greater flexibility in dealing Trade and Transportation Divi- or distribution of products in D.30, Time for Older Children pre-
with any circumstances affect Chamber of Commerce;
sion, the Greater Providence the United States and through sented by Elizabeth; 6. Time Signal, Programine Summary:
ing our land which many arise 0.02 Por tuguese Half Hour: 6.50, VOA. HI
in the future.
Hane
out the world. H. Bohlmatin, export They are firm believers in the Parade Prog. 181; 660, Weather Ile-
manager of the Seamless port; 7. Time Signal, The News: 700,
Rubber Company,
doctrine that global prosperity Commentary or Stop frets Item:
is in direct relationship to the 2.15, Band Call-Fata" Weller and his Rythm: 7.43, Short Story
extent that products and ideas
I am satisfied therefore that "Drop tegent" by Michael Bond,
are exchanged throughout the the Directors are doing the right Read by Colin McCallum Stewart: B. Army Boxing-Singapore v. Hong-
In addition to the extensive higher fuel costs, but equally tling in absorbing part of the, Kong, at Macpherson Stadium, Queen
clinicer dust
knowledge that members of the we must rely on them to ensurn Elizabeth Youth Centre-Caminen- Larles by John Wallace and Ted for the year therefore fell a
mission possess about foreign that the financial strength of Thomas: 1.30 Thursday Scrap; Uttle bulow the level achieved in Into service. The 3rd raw, and counterpart in American Indus- and the application of American
during the year and were put Would you like to meet your trade problems and procedures, the Company is maintained in 9. Time Signal, News and Home News frill Brizain: 9:15. At the 1055. To cuver this gap we were cement mills are now operating try for a mutual discussion of laws and regulations to internal the increased demand for power
the future, it we Opera-"Fidelio" (Beethoven), Prin- able to draw on stocks
which cipals with the N.Be. Symphony
and give us the essential cover business problems?
commerce,
they will have for from our consumers. Dichest- vundeted
had previously been built by Arturo
up which we have long needed to
purposes В large "So far as our charges aro Pascaninu 2015, Mulcuzynski Encores for that purpose, and I am glad
enable us to undertake E); 50, "In Chancery" by to report that
the ex-
commercial library assembled in concerned, I understand that John Galsworthy thepent of Jast salco again exceeded that of the to time become necessary on manufacture of your product in mission's visit here,
the volume of tensivo repairs which from time ture a product under a licensing the United States and shipped they compare favourably with Sunday's broadcast); 10.59, Weather
artagement
license the to Hongkong especially for the aimllar undertakinga Report: 11, Time Signal, Radio previous year. Just over half of the remaining mills. The TC- Newsreel; 1.15. Goodnight Munic; inese deliveries went into the construction. of No. 1 Kiln, to the United States?
This library consists of mar-East which have an output ap
proximately the same which I have referred, WILS REDIFFUSION.
Do you have a sound, Invest.kating studies, statistical data, Our pan war lighting rate w Profit margins, on the other completed last month, and we ment venture that needs United directories of importers and ex- 10 cents and the present is 33.04 2. Varkoly Calls the Tune:
are already having the benefit States capital? Bansatle Cycles-Selections from hand, were down. Freight rates
porters, trado directories and cents-tle more than double- Kimetatarsing Alfred Deaks, continued their steady rise, par- of lis greater output and
buyers guides, and selected and this despite the fact that Dorita
Morrow, Join Dioner. Ucularly in the last six months reduced coal consumption. Would you like to know more coples of the trade, business and the bulk of our fuel has to be Henry Calvin, Richard Klley and the
Shareholders Original Broadway
3.30 of the year and this, combined
have about United States packaging, professional press of virtually hauled will
about 5,000 miles, Novatime; 4. The Story of Bottle with quite substantial rise in observed from the notice
style trends, and seasonal mar-every type of CO
economic and There can be few services with Csatio: 4,15, Tes Time Rendezvous;
nt vening the
commercial ordinary yearlyketing?
endeavor 4.30, Vocally Yours-Jo Stafford and export prices in the countries
in the such a record. Gordon Maeltoe: 6. Children Corner origin, meant that the Com meeting that a special resolution
Are you interested in learning
United States, Company Presented by Auntie Ray: 50 had to pay considerably
It is apparent that the satis- more will be submitted Teen Time-Presented by Betty for its raw materials. We also the present Article No.
Using the data in this library, factory results of the past year Saura: 6. Tropicana: 6,20, Bloads awarded wage increases, avera
the
law or regulation, which has a company's Articles ot
demonstrate to by the Divisional Super
with bearing bn, or is related to trade Hongkong exporter
as the result of unremitting ni- our Associatiori
example, dealing
tention to the company's affairs intendent, Pramo, Hongkong Police Industrial staff in July, in com- Directing fees by a new Article between Hongkong and the rgency to more lucrative man on the part of the management
man with dimilar awards made fixing the remuneration of each United States?
of keting. arcas
and staff alike, and on behalf Weather Report Announcements by comparable employers. and Katerhude: 1.19, Souvenir Songs:
to grow and States, or point out one likely of the shareholders I should like the direction Chairman, and the Board of to thank them, and you, Mr
11.30, Close Down.
Cast:
Malibag; 4,30, Barety on the
House of Peter McGovom; |
7, Time Signal and the News; 7.00,
export market.
At
the
world.
Would you like to manufat-erence
CT
•
are to meeti
in
tho
substituting | more about any Unlict States members of the mission can, for could have been achieved only
00 in
Director other than the Chair-
The answers. to these 20 Feet 13.5t Beanor the same time, competition from man at $5,000 per annum, and similar questions may properly --- Rediffusion presentation to China and
Dylan Bits, Capitol Show?
Interested,
in
export
the United | ***
policy which you are evidently
following.
Japan remained that of the Chiarman at $0,000, marie the departure of Terry Maties severe in the markets in which per annum, together with such though, and are among reste de Colony exporter i Directors for the far secing
* Parade Thomas w
8.30, we seЛ, although fortunately further
zums, if any, as the principal reasons for the Phuas Vandin wine Vila good art of the pressure was Company may from time to coming of, a United States trade Munter Choo," starring Jackson absored by a rising total de-
de-time determine, The present for to arrive
There being no questions, the Book Phito Vance; 9. Time
$3,000 per annum for each kong on April 8. The five-member Bignal, News and Home News from dak
mand for cement, which
STREET THEFTS
proposal was put to the meeting Britain: 2.15, Box Commentary been a feature of almost every Director including the Chair mission is now meeting with
the adoption of the Report | The Army Singapore V. Hongkong year ince the war. Towards man
were fixed in 1930, when businessmen, in Rangoon, Man- Direct Broadcast from Madhormet the end of the
dalay Moulmein and other year there were Stadium, Queen
A man had $91 In cash stolen and Statement of Accounts was jabeth Youth
from him in Fife Street at about
carried unanimously. excoss of what it is today
- Orchestrak 10. Sie Continental policy on the part of both our Similar Increases in Directors trade between their cities and has been detained k connection The Chairman then said: peared by Joannella Ply 16, principal competitors, and at the fees have been made by many, the US.
with this case,
Shareholdere : will no doubt London
"Słucho" Concert -- BUC. Ume of writing this statement local companies in the past dew This mission is not a buying About 4.25 p. a Chinese was want to hear of the immediate Bootcam Orchestra:303), Date" with | both the cement market and years, and your Directors hope or a selling agency. Ita mem-rested in connection with the prospects of the Company Dreamland 130 Prelude to Mid profit margins seem to be ree-the resolution to be submitted bers are recognised leaders from matching of a purse from, a What we made our share au nights Aldright, - "God Save ine.
Down
sonely stable.
will meet with your approval United Stated private industry woman in Bowring Street. } for cash I stated that the earns
Centre 945 Henry Jerome and his signs of a more realistic the value of money was for in Felties with a view to stimulating | 9.15 am.. yesterday. A suspect promilTHE SURCHARGE:
Programme of French Music "pres
SIDE GLANCES
EXIT
D
By Galbraith
NOW
** took, Móm's advice and tried to mako, Lesile think he was somebody—now he won't look at any
virl but, TV and movie staral!!??
babalf of Bouth China Morning Port Limitedy
Printed and published by RUIN CROREN HUTC Street, City of Victoria-in the Colony of Hongkong
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