1923-03-29 — Page 3

Page

WORLD

THE HONGKONG DAILY PRESS, THURSDAY, MARCH 29rv. 1923.

THEATRE

WEDNESDAY, 28th, to SATURDAY, 31st,

at 5.15 P.M. and 9.15 p.x.

Exciting Drama of a Little Stay-at-Home

Beautiful Heroine

JUSTINE JOHNSTONE

in

"SHELTERED DAUGHTERS"

An Innocent Girl, ignorant of the World; A Handsome Adventurer, All Too Wise in Ways of the World. Homance, Adventure, Intrigue and Draman, when their Lives crossed

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HONGKONG.

LABOUR & OLD AGE PENSIONS. THE WORLD'S COLDEST

SMALL GOVERNMENT MAJORITY.

TOWN.

ZERO.

In the Hoone of Commons on February TEMPERATURE 80 DEGREES BELOW 31st Mr. Marton (Lab), who had secured the first place in the ballot for private members motions, mored a resolution in favour of amending the Old Age Pensions Act, in accordance with the recommends tion of the

Committee

Age Pansions by repeating the as to the calentation of means,

| enabling "applicants for, and dorices and devote himself to initiat

Stefansson, the Arctic explorer and dis- caterer of the White Eaximos is now going to leave the frosen North to its ing shortest commercial air routes the North Pole, writes Mr. Bassett Digby in the

"Climatic conditions in are conquerable," he says.

living and dourishing in where there are colder vinters than

out that Ha is right, of course.

should fan Wo | although the Labour party mit they did | Obristmas at the North Pulas jovial.

were in favour

Our Orrselves and call for lemonade if we spent of the reduction of 'the ago

the ald age pension to derive the full benefit of

of their thrift and personal provision for old

and to receive assistance from

and

Serthews

with People

·are

out reduction of its malfestion or those at the North Pole"

the full pension.” Ha

12p. in north-ean Siberis,

not ask for this in the resolution, the doctor told never winter temperatures |

object of which was to encourage those people who had worked well and made the best of their lives.

The range

of

around the North Pole is in the minus sixties 15. 1 rule in severe weather, and the minus seventies are occasional.

seventies

Up in North Sherin the minns are the rule, minus eighties are nothing andzua and there usually, in some in- habited region

od regions, several readings in the minus nineties during the winter!

country and cannot, until more hotidh, to 2,000 miles alod I found that

other

When I was up in the country around Yakutsk, the coldest town in the world, ledge ride north of the Trans-Siberian minus eighties often occur in the streets of the town itself. It is an amazing country. Netting butterflies, many which were the same as ours, one July afternoon, when it was nearly 90deg. Fahrenheit in the shade, I came across a gang of Yakut labourers blasting holes in the dust at the side of way for the woodland track. I wondered. it was alluvial valley soil. they were going to put up telegraph poles and pointed

into a hole, There, less than yard down, glistened a reef of eternal ice. Yet all around over this legacy of eighty- below winters, lay a landscape of rich grass abundant flowers and bushes, bees and

and b birds batterfics

The inhabitants don't mind living up the there where winter is colder than North Pole. The few educated Russians

Mr. D. Herbert (C.) moved un amendment declaring that the recommendation of the Departmental Committee on a Age Pen sions cannot at the present time bu adopted- and that this House, while anxious to re move every hindrance to thrift, must have regard to the grave finan

rate financial exigencies of the

con ditions arise, make such a

a heavy the burdens already borns by the taxpayers Every addition to taxistion would, he said, retard the recovery of trade, and would in crosse the cost of living. To give more ald age pensions would simply be to take away with one hand what was given with the Hopkinson (Ind.) said the question of

nothing datios in that House. He understood the Labour party, in starting the motion objected to the present system of paying old age pensions, mainly for the one reason it penalised thrift. This was inconsistent, because thrift was simply another name for capitalism (Laughter.) It

was perfect obvious that the phrase

thrift penalising meant penalising those who put by for s rainy

daxi

Capitalism was exactly the same There was another begging of the tion in the Labour references to old and their wives miss the theatres and age pensions as the "reward of service" other metropolitan amenities, bat the cold What service, pray? Supposing I live to doesn't bother them. Houses have double the

Bgo of 70," he added, "what service windows, treble and quadruple docs, all would I have rendered 1”

enormous steves with

brick An Hon. Momber: "Nothing," and that hold the heat at night.

Outside the laughter,

town of Yakutak itself the natives "prefer great blocks of ice to glass for their "What service," proceeded Mr. Hopkinson, windows. The snow is curious stuff, hne any member on the opposite side a bit like our wet fuffy imitation. It looks rendered 1 (Laughter.) the mere fact and feels like ground rice and white dast. that a man has lived for seventy years to In "eighty below" a man coming out of be credited to him as a service to his doors emerges in a great puff of steam--like

It may be

a bogey, who pops up through a trapdoor in fellow vice. It

far from very being

may

be, and frequently pantomime. Paffs and wisps of steam rise could render. Ninety-nine out of every is as easy to see a leak in your house in is the greatest disservice that that man from half a dozen chinks and crannies of Svery bouse that is not in perfect repair. It hundred men do not work to serve their country but to serve themselves, and don't winter as a leak in your boot in sutamer. let us have any more cant about it.1 Houses are built of thick logs, the crevices haye not raised myself to a

Position of to say. independence on the penzies of the poor a many have. Let us understand once he went on, that old-age pensions are Poor Law outdoor relief nader au

relish other name, and nothing else, and it seems to me that the motion, whose intention is to put

put the brand of pauperism on every-

not body, is

BOCIALISTS AND MR. HOPKINBOX.

The hon, member was prevented from continuing by a fierce outburet of resent the Labour beaches. Mr.

from

Do mater

with tow there is no tom! limit. But "eighty below does not seem never can be for pipes have their to affect the electric light system. Every horse and dog, including: the blackest, is white after a very few minutes run. Blobs of ice hang to the horse's whiskers and your own moustache is soon a 1985 of ice from the condensation of the sterin

breath.

of

of your

Bat t-there jolly exhilaration about

the coldest region of the world--except St. Westwood (Lab, Soc.) excitedly ex when the wind it blowing. Then you claimed My father

an old age pensioner, and he is as good a man as you. mufle even your face, in form, weak cover Another Labour member shouted out, He and think enviously of the lucky South

a liar;hile third called out. He Ben islanders ought to be made to withdraw and a fourth interjected with,He is placing A stigma on our class

Speaker interrupted to inform mem- bers that they had the right to reply, and the noise subsided.

Hopkinson

Continuing, Mr. Thomas appealed to the Chancellor of the Exchequer not to regard this as a mere party motion. People who years began work at 15 rendered fifty-five service to the State before they were entitled

CHANCELLOR'S REPLY.A NE

THIS PROSPECTUS HAS SEEN DULY FILED WITH THE

REGISTAR OF GO MPANIIO.

The Subscription List will Open on SATURDAY, the 24th day.

on or before SATURDAY, MARCH; 1923, and CIA

the 31st day of MARCH, 1973,

HONGKONG REALTY

AND TRUST COMPANY,

LIMITED.

[INCORPORATED UNDER THE COMFANTES ORDINANCE 1811-1021,] -

$2,000,000 CAPITAL

DIVIDED INTO 200,000 Shanks or 310 Exos,

Of the above shares 100,000 have already been subscribed for cash by the Directors and their friends. On these 33.50 per share will be paid on application an the balance when called up on the same basis as the remaining capital

In addition the Directors are allotting 30,000 shares credited as fully paid up under the terms of the Option and subsequent correspondence thereon referred in paragraph (a) hereof.

The remaining 70,000 shares fanking equally with those already subscribed are now offered for public subscription payable as to $2.00 per share on application. The balance due on each share, viz., 21:30 will be called up on subsequent demand as and when further capital is required

Any of the shares now offered to the public which may not be subscribed for will be allotted in such manner as the Directors shall determine-

DIRECTORS

Jony SCOTT HAESTON, 1, Des Voeux Road Central, Hongkong, Solicitor and Notary

Public

Hon Mr Chow SaoD SON, Bank of East Asia, Ltd., Des Vax Road Central

Hongkong, Unofficial Member of the Legislative Council.

JAMES HARPER Tacoast, Managing Director, Hongkong Hotel C, Ltd., Powell's

Building, Hongkong.

The Very Rev. Father Leox BOBERT, Procureur General des Missions Etrangeres

1, Battery Path, Hongkong.

Arthur Rylands Love, 3, Queen's Road Central, Hongkong, Chartered Accountant. FRANK MALCOLM LANE CRAWFORD, Managing Director, Lane Crawford, Ltd.

Chater Road, Hongkong.

FORD TAT HANG, Compendore, Hongkong Hotel, Hongkong: PETER KINGSON Kwok, Bank of East Asia, Ltd., Des Vœux Road Central, Hongko

Merchant

BANKERS::

THE HONGKONG & SHANGHAI BANKING CORPORATION.

AUDITORS

LIKETRAD & DAVIS, Alexandra Building, Des Voeux Road Central, Victoria, Hongkong

SOLICITORS

Mesars DEACON, HARSTON SHESTON, 1, Des Yeux Road Central, Victoria

Hongkong

REGISTERED OFFICE OF THE COMPANY POWELL'S BOILDING (2nd floor), Des Voeux Road Central, Hongkong,

SECRETARY OF THE COMPANY (pro temp TA. BARRY, Powell's Building (2nd floor), Des Voeux Road Central, Hongkong.

PROSPECTUS

(a) This Company has been formed principally to acquire by purchase (under the terms of the Option and subsequent correspondence thereon herein ter from Lane Crawford Limited (whose Registered Office is situate mentioned) at Ice House Street, Victoria, Hongkong) and develop by building: there

registered in the Land Office as Section A of Marine Lot No. 7 the land commonly known as This Site, situate. in Des Vans Rock

Hongkong. The purchase price of the land is $1,000,000, $300,000

to Lape Crawford Limited of

of 30,000, shareE which will bo satisfied by the issue

fully paid

purchas Of the remainder of the purch up.*** Company credited s of the

50 will be paid in cash, and the balance of $551,91860 will b $148,7815

over by the Company from Lane Crawford Limites by the taking

price

satisfied

on

the property in favour of Lane Crawford Limited and CRSTYRE

Mortgage (repayable on the 20th April, 1927) for that amount now

above the Cop

Company

at 5% per annum.

In addition to the purchase price payable under the Option hereinafter mentioned, pay the brokerage of one per cente to $10,000 which is referred to in para- on the purchase price audemnity Lane Crawford Limited to the aztank

Plans and Specifications referred to in

in paragraph

graph (b) hereof, and also 826.304.30 in respect of the (e) hereof.

The Uption for the acquisition of such land bears date the Bth day of March 1923 and is made between Lane Crawford Limited as Vendors of the one part and Mr. W. E. L. Shenton, one of the partners in the firm of Descom Harston & Shenton the above mentioned Solicitors to the Company, as Trastes A copy of this Option and the subse for the Company of the other part. quent correspondence thereon can be inspected at the offices of the ad Solicitors to the Company (No. 1 Des Voeux Road Central, Hongkong) a any time during business hours. A copy of the Mortgage above referred to which bears date the 5th day of May 1922, and is for a term of Five years

to the land to be

om that date can also be inspected at the same piace and time ed

There are no other

er. Contracts relating

it is proposed t the Company.

acquired as above by the Company. On the land to be acqu crect a modern seven-storied building with a Basement, so as to be +2 accommodation for Stores, Shops, a Sate Deposit Vault and First-class Office Booms, particularly suitable to professional people. The Site is considered to be specially favourable for such a building, being in the centre of the business part of the City and close to the Hotels, Banks and Shipping. Offices, etc.T NIE

(6) In respect of the above mentioned Uption a brokerage of 1, on the pers chase price of $1,000,000 amounting to $10,000 is payable by the Company to the Solicitors to the Company in respect of the sale of the land the subject of such Option

Continuing pauper was one who was in receipt of public assistance. At this there are load outeries from the Labour benches. Mr. pension, and ought not to be subject to the sort of examination which took place Kirkwood and Mr. Lansbury both risitig to-day. If the pension was a benefit for and shouting defiantly at Mr. Hopkinson

and not a dole, the system should citizenship, and In the din it was impossible to

not penalise those who o were thrifty or those The who ting

contributed to what they were saying

superannuation funds.. rose, and Mr. Lansbury resumed object of the motion was to remove a bis but it was some time before Mr. mean, cruel, and scandalous injustice. If er Baked Kirkwood could be persuaded by his the Chancellor of the Exchequer colleagues to sit down. The House, said whether this injustice should be removed "or the Speaker, was dealing with a specifle the price of beer reduced, the Labour party problem, and the purely abstract would have no hesitation in saying the

to develop a purely struct preferred that justice should be done to the

old-age pensionera. (Labour cheers.) 1:- Mr. Hopkinson: My desire is to be of service to the Labour party (Labour laughter). A number of questions have Mr. Baldwin said that this motion would been addressed to me, and in the softness necessitato ad immediate smendment of an of my heart-(Labour cries of "Boitheas Act of Parliament, and this Government, or of your head have endeavoured to any other Government, could not undertake be of each service as I can Have hon. that Although large progress had been

of members considered what would be the made in recent years in the matter effect if this amendment were carried! It lieving the aged of this country, at this extra expenditure of moment the Government could not see their millions. Had they con- way to do more. In the last ten years the Britain had risen from £10,000,000 per annum to £73,000,000. This motion,

nation, if adopted would and that entail s universal old-age pension, would mean an additional aspenditure of £17,000,000 a year. This Government was returned to power under strict pledges of

(g) The Articles of Association provide that the qualification of a Director is to economy, so that the country might be able

be the holding of 1,000 shares in the Company and that the remuneratim During to balance accounts (Boar hear.)

each of the Directors is to be $1,000 per annum. three months the Government, and

(4) Directors are had been Treasury

would mean I BI

sidered where

fifteen or sixteen money was to come amount spent on this service in Great.

1

Kirkwood (Lab. Suc): Where is the £25,000 for the Duke of York to come from!

Mr. Hopkinson said that the whole point of the amendment was where was the money to come from 1. What employers wanted was Liquid

I capital, and when taxation reached as in the pound it was not a tax on i income but tax on capitale (Lab-Soc.) said bo did

of

Mr. J.

one

not" propose to make any comment on the occupied in continuing the work began by taste or manners of Mr. Hopkinson, who the last Government, and improving upon of entting down the services-services must be the judge of how far his description it of

would hold the Government of the desirable in themselves, but for which they a pauper day. The hon. member defined a pauper, as knew the country could not afford to pay-

in receipt of

of public money. He could When the Government were doing that sad imagine the alarm that would cause among canging distress by such retrenchment it was

really, impoenble for

for them at the present the hon. member's friends.

Mr. Hopkins rose, but there were loud time to undertakes Fresh

charge, shouts from the Labour members of "Sit wh

worthy and

and desirable it might be. This was suffering largely from the burden down and Don't give way, Thomas

of taxation pressing upon har. All our

A

Mr. Thomas repeated last Mr. Hopkinson

money.

Р

country was

However

had said pauper was one in receipt of public taxes were soo high for the safety of the nation, and before we could contemplate indicated Mr. Hopkinson; I said "In receipt of taking further steps in the direction public stance"

be reduced the motion these

taxea Mr.Thomas: Technically, there is 20 for the sake of the country and for the difference, and when the hon. member is sake of the consumer inside the country. lecturing us on laste and manners let him The honest, straightforward course wed remember that his description of a pauper to tell the. Blouse what it includes soldiers and sailors in receipt of what it could not afford, and with infinite

assistance.

of regret he said that neither the House not and Labour cheers. His applies to every ex-Lord Chancellor

that resent his definition that a person who receives an old-age prosion, is a pauper, ... 1 Au pot ashamed to say that the person who made the greatest sacrifice for me went and drew her old-age pension.... She rendered more service to the community than ever you did (Loud Labour choora.) (Continues at foot of next solumn.

Ministerial on the country could afford this reform. On

ground aluno the Government reject the motion, pre

The House divided, and there voted--

For the motion

Against the motion...

Government majority

The amendment was afterwards to without a divisions.

206 200

(e) Under the last mentioned Option the Company are to be under the oblig

tion of indemnifying Lane Crawford Limited to an extent not exceeding $26,314.30 in. respect of the cost of certain Flans and Specifications pro- pared in 1922 in connection with the building which Lane Crawford Limitet At that time proposed to erect on the said land.

(d) No other commission er promotion money will be paid by the Company. (e) The Company, is to pay all preliminary expenses of and incident to the

formation and floating of the Company down to the time when it become entitled to commence business and also all costs and expenses in connection with the acquisition of the land and the Assignment thereof to the Com

ny, the estimated amount whereof „iaTM $20,000. DAR NU to men,

(f) The minimum subscription on which the Directors may

is seven shares.

interested in the promotion of the Company as follows >

(1) As to Mr. Hareton in respect of the brokerage menhoned in asume (6) - (2) As to Mesars Taggart, Lowe Crawford and Harston to the extent

that they are Directors of Lane Crawford Limited who Vendors of the land to be

acquired

are

the Company.

Arg. the

(a) Actors in the Otel Compan

Messrs. Taggart, Lowe and Harston to the extent that tiny Limited who an Shareholders in Lane

ather

(4) As to the

of the DV

Fang Tat

Bat Hang

Ice

Limited

to the extent that he is a Direchoic

Storage

Company

Limited who

or some of thema,

Kwok that they many may do

and Cold Fre Shareholders in Lane Crawford Limited, the Vendors storessad (6)As to all the Directors other than The Hon. Mr. Chow Shou Bans

Peter Kingson

Companies with whom the

Articles of Association of the

offices of the Boliators to the

Nation is annexed to the

Association.

business days

Memorandum be inspected at the

and Articles

alore hours

2

Compar

(1) Copies of the

at any time during business (1) A copy of the Company's Memorandum of

of it. Prospectus and forms part (k) Application for shares should be made upon the Form attached to the Pro

pectus, which should be detached therefrom and sent to the Company's Bankers (The Hongkong and Shanghai Banking Corporation) together

remittance of $2.50 per share the amount of the deposit.

Where no allotments made the deposit will be returned in full, ank where the number of shares allotted is less than the number applied for, proportionate amount of the depont will be returned

(!) Prospestases can be inspected at and Forms of Application obtained from the Company's Bankers (The Hongkong and Shanghay Banking Corporation) and at and from the temporary offices of the Company in Fowell's Building (second floor), Des Vaux Road Central, Hongkong

Dated

the

23rd day of March, 1923