1924-08-11 — Page 3

Page

SPECIFY

S. K. F.

BALL BEARINGS

ON ALL MACHINES YOU ORDER.

Wcan apply Bearings for all kinds of Machines,

NO HOT BEARINGS.

POWER SAVING.

SELF ALIGNING

REQUIRE LESS ATTENTION.

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD

Tel. Central 236

SOLE AGENTS FOR HONGKONG.

Ji

THE HONGKONG DAILY PRESS, MONDAY, AUGUST 11, 1924

Address: 3, Queen's Buildings.

SINCERE'S

PHONE

C. 166.

SUMMER

SALE

NOW ON.

ALICE LAKE

IN

"HATE"

BOOKING AT

THEATRE

Being the story of a girl's unselfishness, her struggle against the law, her great devotion and her fight against odds for a man's life!

ALSO FEATURING

CONRAD NAGEL

IF YOU HATE

A STORY WITHOUT A

THEME: A FILM

WITHOUT ROMANCE,

COME TO THE

QUEEN'S

And see a picture made by a director who holds similar views.

SUNDAY to TUESDAY-Augast, 10th to 12th.

MELACHRINO

EGYPTIAN CIGARETTES

NO ONE EVER GETS TIRED OF MELACHRINOS-

THEIR UNFAILING QUALITY IS A

CONSTANT SATISFACTION

No. 1-$4.76 per 100's.

No. 9-$2.75 100's.

ABAQUERIA ILIPINA

LEADING TOBACCONISTS, OPPOSITE QUEEN'S THEATRE

THE HONGKONG SMALL INVESTORS' SHARE & REAL ESTATE CO.

AFFROIIMATI YIELD PER ÄNNUR IN PREAEST QUINATIONS, S&B. Banks int. 5, China Bugars

Hody. Intels Leng, Lands

TEL 0.4630 Hong. Elec. 5% Ropes an

3 5

COMPANY MEETING.

P. & O. BANKING CORPORATIOŠ. LIMITED.

BUSINESS STEADILY GROWING

The fourth annual meeting of the P. & U. Banking Corporation, Ltd., wat held at 12. Leadenhall Street FC, on July 11th. Viscount INcreare, the chairs man, presiding.

The reports and Accounts having been

ni taken

reuil. his Lordship the resulte for the past year

PREM

TO LET.

REMISES on the GROUND FLoen of ALEXANDRA BUILDINGS suitable for One Large Store, or enn be divided inte Two Commodious Shoju, To Do Let Sopuestaly.

Apply Scenetur. 9121 A. S. WATSON & CO, LTYX

TO LET.

CEOP AND OFFICES, No. 12, PEDER

STHEIT,

Apply at the PREMISES,

TO LET AT WEIHAIWEL

had not been achieved without strenuus. efforts on the part of the management. both at home and abroad, to whom they having realised were greatly indebted for hun were able COMFORTABLY Furnish R

to show on the year's operations. This was sufficient to enable them to pay the same dividend as last year. place £20,000 to reserve and to carry forward about 9,000) more than they had brought in. Thay we going slowly; they were show- ing no disposition to push their, business. It was coming to them by degrees. They were gradually building up their reser ves without distributing too much in the way of dividentls, which he was sung they, the shareholders, would agree with" bim was the right pulley for a young bank to adopt. If they felt on bad times. he would. so far as he was concerned. have an besitation in recommending a lower dividend. He trusted. however, that would not be necessary. As regards the outlook for the enrrent yöar, it was. be continued, too early to take any fore cast: only three months had" gone, and much would depend on the working of the nine months ahead of them. But be would ask them not to reckon on a distribution: it was the Board's ohjeel to build up their reserved

LANCER, PART IN EASTERN TRADE,

Turning to the figures for 1923-24, they would poserse that the total of the balance sheet showed a contraction on the figures

Their

6421

Apply

(0100

ROOMS with:

M. NIVEN,

WRINATWEL

P.&O. BANKING CORPORATION

LIMITED.

(INCORPORATED IN ENGLAND, 1920) with which is albed

THE ALLANABAD BANK LTD

INDIA

ACTHORISED ĊAPITAL StisSCRIBED AND PAID UY Restart FOND

---

1£5,000,000 504,150 £130,000

HEAD OFFICE; 122, Leadenhall Street, Londen, B.C. Z.

WEST LONDON BRANCH: 14-16, Cockspar Street, London, S. W. 1.

EASTERN BLASCHES: Bombay, Calcutta, Karachi, Maltas, Colombo- Singapore, Hongkong and Shanghai

The Carperation undertakix General Banking And Exchange Business of erey description and in addition to its Branches has Agencies in all

C. CHAMPKIN, the principal Cities of the World,

Manager

+92, Des Voux Road Central, Hongkon

THE PICTURESQUE PHRASE.

la a recent debate in the House of Commons one member took serious excep

His

Public life could

of 1929-1929. That was a feature common to most banking institutions. Current nad depoxit accounts stood at £9.491.000. against 10,300,000; their loans payable, had contracted by £1,500,000, and there was a small decline in their acceptances, On the other hand dwy bad taken larger part in the financing, of the trade to and from the East, as would be obtinn to the charge nfade against bim by served from the increase of over £2,000,000 another that he had sold the piss. in the bank's holdings of bills. advances to their restomers had-expanded resentment was based, according to the official report, not merely on, the moral from £2,850,000 to £3,332,000: white timputation, but also on the ground that it was made in stang like that." hal simultaneously decreased their hold- ings of investments. He would like to This is surely to confuse sing with The phris discovers add a word or two about their affiliated

picturesqueness.

that vulgarity which institution, the "Allahabad Bank. After making full provision for all bad and tinge of

the experts hold to he of the essener years's

of slang, but rather conjuries up a pic doubtful debts out of the

its bank hal

usual the profits.

ture of the devoted defenders of some dividend and bonus of 18 per cent. It had also added materially to its reserves by appropriating thereto from. the current year's profits the sum of Rs. 300,000, and, at the same time, in creasing slightly it carry forward, and it had also found it possible to transfer shot his bolt or that he is an extinct to the reserve fund the sum of Rs. 600,000 volcano, but it is no more slang than is There is, indred, hitherto beld in a contingency funt, 13 reference to the settled political habit this was not now required for the pur:of exploring avenues.

ase for which it had been created. Its total reserves now stood at Rs. 41 Lacs with a paid-up capital of Rs. 354 Lace. I thought they would agree that that was not an unsatisfactory position. He noticed a great trade boon in the net Future was being prophesied in some quarters. He hoped it might come true for it was badly wanted. If they could get Europe working again, not only the P. & O. Banking Corporation, but the P. & O. Company, would benefit as well as every commercial undertaking in the country, and unemployment would dis appear.

Thermopyla taken in the rear by geld bought treachery. hardly get on without phrases which are picturesque but are not slang. be rude to say of your opponent that he

it may

stigma attaching to the picturesque phase as such. The great master of English revelled in it. He abounds in verbal imagery, much of which, its origin. unsuspected by the many, has become enshrined in the speech of the peopl Romeo was picturesque, but certainly not alangy, when he saw Juliet's beauty hanging

"on the cheek of night, "Like a rich jewel in an Ethiop's ear." Macbeth could hardly have been further from vulgarity when he saw life as

brief candle," time as a succession of yesterday's lighting fools "the way to dusty death," or sleep as the mender which knits up the ravel'd sleave of care."

The CHAIRMAN moved the adoption of the report and accounts, and Mr. F. A. JOHNSTON seconded the motion, which was

The English language would clearly carried unanimously without discussion.

The CHAIRMAN then moved that a divid-be immeasurably the pourer if it lacked and of 34 per cent. per annum. less in these condensed word pictures, which, be come-tax at 48. Old. on 259,416 shares be,ginning no doubt as conseious and full- and the same is hereby declared payable blown metaphors, have been ground-down on July 17th, 1924. to the members who by time and use until they have passe were on the London and Borsbay Regis-into the currency of daily speech us smooth tem of the Corporation respectively, on and compendious coin. Very many of July 4th. 1924. Lord BELFOCENE, having the phrases commonly used in speech and seconded the resolution, it was carried writing are as cach pictures by origin as Egyptian hieroglyphs or Chinese unanimously.

The Viscount Inchcape, G.C.S.I., characters. In a recognition of the fact GC.AG., K.CLE, Sir Montagu Cor. lies their right use and appreciation. nish Turner, and Mr. Alexander Kemp Education and culture are needed to Wright, C.R.E., D.L., the retiring dine enjoy to the full the subtle shades and tors, were re-elected on the motion of Mr the delicate overtones which the history Even a W. O. GRAZEBROok, arconded by the Hon. of the picturesque word or phrase has

made a part of its meaning, ALEX SHAW,

The auditors were re-elected on the schoolboy acquaintance with Jove huri- motion of Mr. F. RITCHIE, seconded by ing thunderbolts at defiant Titans makes al the difference to the word "falininate" Mr. W. LANGRIDGE.

ENTERING THE CHINA MARKET.

A hearty vote of thanks to the chair-How many of those who talk glibly of tan, directors, and staff, proposed by shibboleths have before them the picture Mr. E DARLINGTON, C.I.E., seconded by of the wretched Ephraimites at the ford Mr. F. O. GREEN, brought the meeting to striving frantically to frame the word be the arbiter for them which is going aclese.

of life and death? It would not do, of course, to be, too acutely conscious of every detail which the picturesque phrase Alaboured implies. That results in style, halting at every step to see that Some hints on commencing business in word or phrase is neither overcharged China are given by United States Com nor undercharged with meaning. The mercial Attaché Julean Arnold, Shang-ideal, to be won only by long training hai He states that the restriction to a and painful practice, is to reduce an minimum of overhead expenses, the build nearly as possible to the subconscious and ing up of an effective local organisation the automatic the process of weighing th

And, blore expanding, and specialitation are value and accuracy of the words of rich some of the principles underlying success content whise rise to lip or peu. ful business operations in China. A few like all that is worth having, pictures- American firms in the past have entered quences of phrase has its peculiar danger.. this field with extravagant proposals, It is the fruitful mother of mixed meta upied elaborate, offices, and, in general, phor.. Better, a stern addiction to the have tried to accomplish in a few months plain, unvarnished tale than the fate of what it has taken others years to do. The the Impassioned orator who in the Chines, however, are not greatly attact breath unelt a rat and saw it floating in ed by expensive surroundings; they pre- the air before him.-The Times. fer to proceed slowly in forming new con- tucts and must be convinced that they

are worthy of support. Expansion, there as a source of supply for competent man- fore, should only be a rapid an 3 ngers of futur branch "offices. The most well-trained organisation will permit. successful enterprise in China at, present Failures in the past have largely been is probably not the general import and due to either a high-priced but inexperi: export business. To be successful one Hong Trams 5

bis undertaking enced personnel, or the employment of should Peak Trams Waterlate

local neu who, in any instances, were thoroughly, and this is physically imposs

An ex- Powell 14 discards from other concerns.

ible if one aims to handle everything. perienced and well-trained force, conen The specialist, rather than the general rated in Shanghai, is highly desirable trader, is now more likely to be sacrimaful

(Continued at foot of next column). in China.

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