Page
THE HONGKONG DAILY PREES, SATURDAY, FEBRUARY ATH, 1938,
THORNYCROFT
JOHN .L THORNYOROFT ▲ 00., LIMITED.
SHIPBUILDERS And ExelfNI,
"LOYDON, BETMAMPTON 'AND BASINGSTOK
Shanghai Office: 10, Kiukiang Road.
15 B.H.P. 30 B.H,P,50) B.H.P. Engines
in Stook
For quotation apply-..
Summi
COLLAR
SHAPE
24
SHANGHAI OFFICE.
M
A skilfully cut droop to the square wings adds distinction to Summit shape 24
Pre-eminently a collar for young men and men who stay young, it is correct for this season's dress wear, also for general wear.
Stocked in four depths, 12, 21 and 2 inches, also in Quarter sizes, ensuring a perfect fit
MADE BY AUSTIN REED, LONDON, FOR
MACKINTOSH
& CO. LTD.
"MEN'S WEAR SPECIALISTS
Alexandra Building
Des Vaux Road
WAYGOOD-OTIS
IFTS
THE FRENCH PREMIER AND THE KING'S WELCOME
CHINA BANK FAILURE, DEFENCE OF M. BERTHEBOT.
FROM
"THE DAILY TELEGRAPH'S "OWN
CORRESPONDENT. ]
PARIS, December 27th.
JAPANESE MISSION... PROBLEMS OF THE WORLD.
TO
BANKING IN 1921.
INTIMATIONS
WHARK
THE HONGKONG & KOWLOON WI
& GODOWN CO., LTD NOTICE TO SHAREHOLDERS
A VERY CRITICAL YEAR. The Statisti annual international The King received the members of the banking section for 1021, in a review of Japanese Commercial Mission at Buck trade conditions leading up to the univer
The deadlock says:- ingham Palace, on December 1st.
As the same quantity of goods can now THE THIRTY-FIFTH ORDINARY of SHARE visitors were headed by Dr. Takuna Dan and were accompanied by Sir. Philip be financed with a lesser volume of credit,
MESSRS. JARDINE, MATERSON & CO. Lloyd-Greame, in reply to an address the majority of the banks whose balance HOLDERS will be held at the O
most recent accounting 11. for the purpose of wediving the Report
ANNUAL MEETING
I debate on the failure of the Banque In-from the Mission the King delievered the sheets we review in detail have exper1TD. on FRIDAY, February 10th, 1922, at
M. Briand has come safely out of the dustrifle de Chine., The-order of the day accepted by the Government was voted at night o'clock this evening by 370 votes to 117. Previously an attempt "was made to vote a resolution demanding an inquiry into the whole of the affairs of the bank. Briand declared that he was absolutely opposed to anything of this nature, and that be made it a question of confidence. The proposal was rejected The order of the by 300 votes to 913 day finally voted called upon the Gov- ernment to take all the necessary mea sures to protect France's prestige in the Far East to establish all the reapon- sibility incurred in the matter of the bank's failure, and to impose the neces sary sanctions. It also contaised a re- solution ending to prevent the inter- mingling of politics and finance. ·
Before the vote was taken the Prime Minister declared that the Government had forbidden the participation of off- cials in financial enterprise and that a detailed investigation made by the Minis ter of Finance and the Minister of Justice did not show that any fault could be imputed. to Philippe Berthelot. There ,
that the outcome of quenced by the latter's the debate waa resignation yesterday, which took the edge of the attack on the Prime Minis ter. It may be added that it is believed to be ."Briand's intention not to main- tain the post of Secretary-General on the Ministry of Foreign Affairs rendered vacant by M. Berthelot's resignation.
no
#
enced in the
ct
lowing addresa:
It is a great pleas re to me to reperiod a rise in cash and immediately ceive you here to-day and to welcome liquid items and a reduction in the of the Directors and the Sta ement you on your arrival in the Capital City volume of acconunodation given to tradunts for the year ended December 31
THE TRANSFER BOOKS of the Company of this Empire. I thank you sincerelying and commercial interests. The lessen-
ed demand for money is caused by the will te CL SED frani WEDNESDAY, for the kind sentiments to which your great contraction in business as well as February 1st, 1939 to February 10th, 1925 address gives expression. preserve
By Order of the Board of Directors,
W. S. BROWN, Secretary. Hongkong, January 2 th, 1922
the happiest recollections of my visit by the fact that less money per unit of both days inclusire. to your beautiful land-alas! more than production is required at current lower forty years ago and I am delighted to commodity prices. Employment for sur- think of the approaching visit to Japan plas funds has, however, been found in of my dear son, the Prince of Wales, to many cases where Governments have been which event you have referred in such forced to supplement their ordinary gratifying terms. It is a great, satisrovence by borrowing, but this com faction to me, as it is also to him, that Pensating influence has not been quite he will have an opportunity of becom adequate.
The result has been a decreased rate jug acquainted with your great coun-
15
[97
HONGKONG HOTEL COMPÁNY
* LIMITED,
TOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL
try, endeared to us by so many ties of of turnover, of which further striking friendship and alliance, and of return testimony is afforded by the decline in ing the compliment paid to me by the bankery clearings in all the leading N°
the countries. This has meant reduced earn- MEETING OF THE ABOVE COMPANY visit of his Imperial Highneas Crown Prince of Japan last May.
ings in non-inflationary countries, and will be held at the HONGKONG HOTEL
You are here, gentlemen as you have the cornings have been further cute Pedder Bircet Victoria in the Colony of Boug said for a high purpose to consult with into not only by commercial failures kong en WEDNESDAY the first day of the leaders of industry and commerce but be losses due to the increasingly wide February, 1925, at noon for the purpose of amongst my people. You come with auctuations of international monetary considering and, if thought St, passing the values. Banks in neutral and other fellowing Resolutions as Extraordinary Resulu worthy object, namely, that you, may
0 That the Autho ised Capital of the Company (which is now $1500,000
5 of 250,000 ahures of the value of $10 each-whereof *219,300 shares bave been inmed) be increased from $2,500,000 consisting ss. "aforesaid to $100 Co (consisting of
be able, as a result of your consulta countries where currency depreciation is tiona namaly tions and mutual endeavours, to hasten so marked "lost on the balances which the transition to normal trading condi- they held in countries where the printing- There were, in tions, the accomplishment of which is Press is in aotive use" so much desired by all the nations of addition, large speculative dealings in the earth. You have my heartfelt good foreign currencies by the outside public, wishes for the success of your efforts such dealings being equivalent to an and your visit will not have been in advance to the country whose currency vain if you are able to promote in some degree the aims you hare set before you. It his my earnest hope that you will carry away happy memories of your stay amongst us.
as purchased of capital, free of interest, in the hope that the foreign currency would immediately or ultimately habilitate itself.
$500
0000 shares of the nominal value of
"$10 each) by the creation of 250,000 additional shares of the nominal value "of $10 each ranking (subject as here- iuafter mentioned) as from date of *allotment for divider d and in all other "respecte pari passu with the shares "quititur ing the Company's present Pissed Capital
(2) That 109,680 shares be offered (in the "proportion of one new share for every "compl te number of two old shares held "Ay them respectively) to the persons who on the date of the confirmation of "this Resolution as a Special Resolution are registered in the Company's Share "Register as the holders of the said 219.- 300 shares at a premium of $5 per share "and so that on allotment the nominal amount due in respect of such 102,850 shares plus the raid premium of $6 per "Share shall be payable as follows:-
Amount pay. Amount pay-
able in respect of the nomina!
THE VALUE OF EXPERIENCE. Reference is made to the number of The debate itself was very confused. The address presented to his Majesty It opened with a reply by M. Briand to by the Mission was £TL the follow.ng| American "banks and trust · companies the allegations brought on Saturday terms:
promoted during the war to finance im- against M. Philippe Berthelot by M. Your Majesty,We desire to express to port and export trade with foreign coun Taittinger, which the Prime Minister had been unable to answer on the spot. A you our deep sense of the great honour tries, while some of the largest individual which your Majesty has conferred upon banks established a system of foreign to the statement that the Catholic mis-
all went well, tions in the Far East had been advised us in consenting personally to receive us branches or subsidiaries. For a time,
We can assure you that the news, that remarks the Stut but ? to make deposits with the Banque In- dustrielle at a menent when it was in you have been pleased to honour in this but the wholesale cancellation of con- signal manner the representatives of the tracts that accompanied the trade depres difficulties, M. Briand said that the only business world of Japan will be received sion led to the return to Amritar draw. telegram concerning such missions was
in our distant land with every feelingers of drafts that had been dishonoured "one sent in January last, in which it
of gratitude and satisfaction. It is for by foreign buyers in respect of goods was merely a question of stifling inaccur Ato reports that were harmful to the high purpose that we have come on our financed by these new organizations, and attempts which were being made to save long journey, namely, to confer, with the the consequent loss. combined with the the back. M. Briand added, amid ap-leading business men of this country, in unsettlement of trade and exchanges, plause from the Right and protests from the hope that the ties which already unite brought about an almost complete revor
may become yet sal of policy. During the year, so far ns Date of the Left of the Chamber, As it is well-Britain and Japan known that, our Catholic missions closer, and that the strengthening of the we can ascertain, more than 19 foreign Paymeat
*** value of each
share. best agents of propaganda in the commercial relations between our two offices or agencies of American banks have may contribute in no small ceased operations. The stronger unite Far East, their moral support was asked countries
their overseas 15th March 1922 vs for in order to check the panic. The measure to hasten the day when the still, however, maintain Prime Minister then came to Berthe worldwide trouble which the war has left connections, but the fact that the hazards 18th Argt 1929 $3 lot's telegram to the finapoial agent of with us. all will finally pass away. At of foreign banking have proved too much 15th March 16235 the French Government in the United the same time, it is a great pleasure to for many American bankers is of parti States, to which M. Berthelot alluded as each of us to visit this country, which cular significance to British interests. the immediate reason for insisting upon holds so high a place in the hearts of his resignation. M. Briand said the tele the Japaness, and to extend our know gram had indeed been sent in order to ledge of the British people. avoid a panic and to prevent relatively small cheques being refused payment.
our
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M. Berthelot, he said. had recognised that he ought to have told the Prime Minister about it, and that as he did not wish to be in the wrong he offered to resign. All those be added, "who know A. Berthelot know what kind of a man he is. is a good servant that has loft, and sal, painful, cruel, and unfortunate for the country that a good official like bim should leave." M. Berthelot had declared to him that he had sent the telegram because it was of the greatest interest that the bank should not fail, and if he had telegraphed in his own name it was in order not to give an official character to his intervention."' M. Briand concluded by insisting upon the necessity for France of maintaining intact her prestige in, the Far East; tho bank therefore must be saved, atid, con- sequently, the bill for making use of the Boxer indemnity had been laid before the House. He added: "If, however, crima or 'misdemeanours have been.com. mitted... the guilty, whoever they may be, will be punished.??
A good deal of the rest of the debate was taken up by a speech by M. Tait tinger, in which there was talk of "the devotion of part of the Press to the Prime Minister," and a passage of arms be tween the Speaker and M. Briand se to rivalry between different banking in, terests and the question as to how M Taittinger came by some of his informa tion. M. Briand said:-
"The Government is doing its best to sve part of our prestige, in the East It can only appeal to the patriotism of the banks, but unfortunately that does
We would not wish to let this oces sivn pass without referring to the joyous expectation with which all classes in Japan are now looking forward to the approaching visit of your Majesty's Royal son, the Prince of Wales. We wish from our hearts every success to the high mis sin on which his Royal Highness is engaged. and we trust that when his Royal Highness is once more, welcomed home he will bring him many happy
manories of his visit to Japan.
THE S.O.S. AT SEA. DEMAND FOR AUTOMATIC ALARMS.
Much is likely to be heard in the early future of automatic devices for record- ing signals received at sa by wireless telegraphy from vessels in distress. There is now a strong feeling among ship- owners that, in view especially of the need for considering all items of expense in the present time of depression, the existing requirements respecting wireless telegraphy should be reconsidered.
throws into sharp relief the value of the experience acquired by our banks through generations of foreign trade financing.
་་
The article then goes on to the subject of currencies and exchanges, the problem of deflation, commodity price charges, the markot for oversens bank shares, and then takes in sections the different banks Over 200 banks throughout the world. are dealt with and their financial posi tion stated, while there is a review of conditions in each part of the world. Altogether it is a most important and
valuable review.
HONGKONG VOLUNTEER DEFENCE CORPS.
DEDERS BY LIEUT.-COL. -E G. BIRD, D.3.0.,
ADMINISTRATIVE COMMANDANT..
PLEADES.
4
110
able in respect o
of the premium
Total,
on each abare.
$5
$15
'sad further that until such titya as the "said 103,650 shares shall be fally paid sap they shall, vis a vis the said £19,300 stares, only rank for dividend in "propertion to the ratio borne by the amount paid up thereon to the full nominal value (810) thereof, and that Fany
of the said 109,850 shares which shali not be taken up by the Ampany Shareholders in manner aforesaid be disposed of in such manner as the Company's Board of Directors shall
3) "That the balance of the sbarca con- stituting the Company's unissned Capital be issued at such time or times, in such manner and upon such terms "and conditiona in every respect as the *Company's Board of Directors may "decide."
bo Share older shall be entitled. to any offer of a fraction of an addition
share in respect of any old sbare held
him!"
(4)
B
by
Should the above Resolutions, be passed by will be submitted. tde regasite
te majority Infantry Drill, Bayonet Fighting and for confirmation as Special Resolutions to
Lewis Gun Instruction will take SECOND EXTRAORDINARY GENERAL MEETING to be held at the BONGKONG place on Monday, February 6th, HOTEL Pedder Street aforesaid on FRI- Volunteer Delenice Corps Head- DAY the 17th day of February 1993 at 11's.m for the purpose och Resolutions as Special of considering and, if thought fit, confrming Resolationa accordingly.
Dated this Twentieth Day of January, 1922:
By Order of the Board.
HL. N. BEAUREPAIKE,-- Secretary....
ધર્મ..
quarters, and Kowloon Docks on Friday,
February 10th, at 5.30 p.m., for trained men, and recruits. Dress: Plain clothes.
►
MUSKETAY.
II of the Annual Musketry Course will be fired ou the High West Bange, The Peak, on Sunday, Feb- ruary 5th, by Nos. 1 and 2 Platoons, commencing at 10 am.
The view is strongly held that there is now no justification for requiring passen- ger ships to carry wireless telegraph Part operators solely in order to dispatch 5.0.9. signals and to receive them. The occasions on which the operatora, full! these functions are very rare inleed. Yet it
is for such occasions that passenger Dress: Drill order,
them. The Officer on duty: Licat. F. C. Hall. ships are required to carry
MACHINE GUN SECTION, opinion is undoubtedly gaining ground that the safety of the passengers would be adequately protected by the training not suffice.
antagonism between of one or more of the ship's officers to dispatch and receive signals of distress French banks who make the credit of France
in distant lands their battle by wireless in case of reed and by the installation of automatic devices which ground is a mandal that cannot last. The Chamber to day votes an Order of fat that a call for assistance was being would at once direct attention to the the Day inviting the Government to made. Suitable automatic contrivances maintain the credit of France in the Farwhich would cause a light to be displayed East the Goverment will understand. And if then fresh obstacles arise in ita path they will be broken.
The
(a.)-Machine
Gunnera Instructional Parades will be held on Monday, the 6th, and Friday, the 10th inst., at Volunteer Defence Corps Head quarters, at 5.30 p.m.
(-)-A "Tactical Walk" will be carried out on Sunday, February 12th. Separate Orders will be issued. “
ILYVERSIONS.
No.:
108 Corp., T. B. Rennett, M.M., No. Platoon (Light Infantry Co.) is "permitted to revert to the ranks all his own request, with effect from this date.
or a bell to be rung are known to have been invented, although their use wight No. involve some change in the constitution of the present 8.0.8. call. The subject was discussed at the recent International PLATE GLASS WINDOW, Shipping Conference in London, and it is understood that many leading foreign "Looking through my Toric lenses is shipowners are known to be favourable Like looking through a fine plate glass to the principle of the automatic wireless
warning device-Times, window," said an American lady, in the course of her remarks while in a train- car the other day. She said just the EXCHANGE QUOTATIONS IN No. 85 Private G. R. Bayer, No. 1 right thing. It cost a bit more to build
a plate glass window and it cost a bit
+1
JANUARY.
Mr. C. A. da Boza's monthly-exchange.
more to make a pair of Toric leases than quotations in Hongkong for the month of the ordinary fat kind. Torice are more January give the following averages;—–—
than worth the small difference in cost
to you in the added comfort you derive
from their ust. Toric lenses of any Average Rate Jan prescription are manufactured by The (1998) (Approx) 2/78 114 041 6.73
Highest Rate Jan,
(1922)
41.8532/73110 651 705 Lowest Rate Jan,
(1029)
24197 1139 54 0.60 Average Rats (1921).
(Approx.)
9/104501 asi
Hoogkong Optical Co., successors to Clark & Co., Manufacturing and Refract ing Opticians, 53, Queen's Road, Central
ADVI
(101
Loe-Corpi. W. J. Crawford, No. & Platoon (Scottish Co.), is per mitted to resign his appointment, as Lance-Corporal at his own request, with effect from this date."
PROMOTION:
Platoon (Light Infantry Co.) is promoted to Corporal vice Corporal T. R., Rennett, M.M., with effect "from this date.
CADET COMPANY.
The Company will parade at Volunteer, Headquarters on Monday, the 6th inst., at 5.30 p.m. Dren: Drill order. Stemgth-Cadet J. A. Johnson having left the Colony, is struck off the 'strength of the Company.
R. B. Yound, Major,
Adjutant, H.K.V.D.C. Hongkong, February 2rd, 1922,
239]
UNION WATERBOAT COMPANY LIMITED.
NOTICE TO SHAREHOLDERS.
SEVENTEENTH ANNUAL GENERAL MEETING of SHARK- HOLDERS will be held in the offices Mass. DowELL & COMPANY LIMITED OF THURSDAY the 16th February 1922 at 11.30 | ix. for the purpose of receiving the report of the General Managers together with a state- ment of accounts to 21st December 1921.
The Transfer Books of the Company will bo closed from the 8th to 16th February 1922 both dates inclusive.
ONE
DODWELL & CO., LTD.: General Managers.
(323
WANTED TO BUY
NE SECOND HAND PIANO, must be in good order and condition. Apply Box No. 3 c/o Daily Press Office.
[229
BEAMEN'S
INSTITUTE
21, PRAYA HAST, HONGKONG,
FOR the use of all Man of the Mercanthe
Marine and HM Navy.
Reading and Writing Rooms, Billiard Room icers Room CPQ Boa Restuaran Concert Hall, Charch.
Private Cabing and beds is Dormitonea Mr Larch "DaveDTIDE;"
2
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