1924-09-22 — Page 5

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“CORRESPONDENCE,

LOVE DUETS IN THE COUNCIL CHAMBER.

[TO THE EDITOR OF THE"" HONGKONG

: DAILY PRESS."}

Sin. The following devam befel me miter reading your report of the recent Council Meeting and then A Guide to Short Story Writing in Punch 'August 13th last:

THE HONGKONG, DAILY PRESS, MONDAY, SEPTÈMBER 2ND

MOTOR-CYCLE TRIALS.

SATURDAY'S RUN IN THE NEW

TERRITORIES,*

Under the auspices, of the flongkong Automobile Association the frét hall of

ALLEGED FRAUD.

CHARGES AGAINST SOLICITORS CLERES.

CANTON NEWS. {FROM OUR CHINESE, ČORRESPONDENT. ]

SUN. CHEN CHUNG MING.

It is not expected, that there will be:

encounter between the forces of Dr.

Mr. Edgar Davidson attended at the a motor reliability trial for motor cyclists Central Magistracy on Saturday in con-40 was run off on Saturday afternoon in the nection with the case in which Lo Sbulching Ming before the early part of

Sun Yat Sen and those of General Chen

New Territories, the competition being fan and Charles Kent, two Chinese clerks October. The Sun forces, Dow nearly for the Harley Davidson Cup.

employed by Messrs. Hastings, Dennys 13,000 strong, mostly Yunnanese, Hu- There were fifteen entranta for the und Rowley, are charged with fraud and inanese, and Kwangsi-iles, are concentrat- "competition" and thirteen of these com conspiracy, and asked for a reduction ining at Sheklung and villages nearby, With, frolicsome bounds the US pleted the prescribed tost of eyeling the amount of bail in the case of Lo with some 4,000 at Chang-mu-tao.

bounded' to retrieve.

The smil

in his eyes broke into candid blue rip- ples. I only banter." he demurelied,

The Public: Demurelied "

round the New Territories at a speed of "twenty miles per häur. Of the gentle- men who did not complete the course. The Professor: “ Magazinese for "said] Mr. A. L. Terry met with a slight acci- demurely."

Ident, while Mr. Gason took the wrong

road and was disqualified.

The Public:

Ohi

The S.U.M. gazed towards him fondly, That is just what I thought you were elding, he eagereil.

The Public Engered "? The Professor: Replied, advancing eagerly.!

The Public: Oh!

The Professor "(passionateig):

!

Shu-fun.

The

coming great battle will take place near Canton, it is believed, as Br. Sun has Mr. Davidson mail de was unable to given up the districts and is now devot attend the Court when the case came up fing his attention wholly to Canton. on Friday as he was engaged in obtain- A STRIKE LEADER - WANTED."

Chan Loy Shing, the Kuomintang ing hail for the other defendant, Keat, The event was organized by Mr. J. In regard to the 30,000 security demand. leaders

the reent to

Shameen Smith, Chairman of the Motor Cycle ed by the police in the ease of Lô Shu-Cainese Strike Committee to look after Section of the Association and he was fan, he thought this excessive for a case the unemployed pending the settlement of the inancial affairs and the feeding of assisted by Mr. George Saunders who of ordinary fraud, and undesirable also the strike, is now wanted by the Canton, kindly gave his services a timekeeper at

authorities. He is said to "have Walked in that it meant he detendent going away with the balance of the funds sub- the start and finish. Assistance was also

dangerous scribed by the ollicials for the strike be given by a number of gentlemen, who before the Sessions as

13

cturer, di little love duets end up like neted as special checks on the competic/criminal and everyone who read the fore the settlement and has not been seen

Lhat.

The Public: Ahit! CAnother big heart throb leaf Counej! | Territory.

Meetings.

Yours very frul,.

A "REGULAR CINEMA PATRON.

GREEN ISLAND CEMENT SHARES.

[To as EDITOR OF THE BONGN.AG DAN PRET

Sua, am taking this liberty of avail- ing myself of space in your valuable paper to draw attention to the unjusti nante depression of values of, and selling

of, Cement shares.

As a shareholder in this Company I have naturally followed the market due- tuations, and the downward trend of rates bas enused me no little unrest.

tars in their journey around the New accounts in the papers would regard it as a pretty bad business to have such heavy hail imposed in the case. Mr. Lindsels It is a had past.

The start was made from the Kowloon Fire Station and the Arst check was eight and a half miles from the start, Between this point and Castle Peak two secret chocks were male and another secret check was made during the journey home from Castle Peak.

As Castle Peak there was a compatory halt of one hour during which time tea was served and competitors were allowed the opportunity of having a dip in the

Bring.

The following is a list of those who competed, showing checking in times an arrival at home a

Machine. Triumph Harley Comb. Douglas

Cotton Sola B.S.A.

BSA. Conth, Harley Com. P. and M.

Considering that property in the sur rounding neighbourhood of the Cement Company's works has been sold at around 310 per fuot, it is fair enough to assume that the property of the Cement Company Harley aggregating over 1,000,000 square feet with | Harley

arine rights should be worth some-Cotton Sutoy where around that figare also.

Thea Triumph

Name, W. Woodward

A. L Terry W. Broksbanks

A. J. Kew W. J. Woolley M. H. Marriner A. Gascon

1. D. McEwen A. A. Runjahn (A.-V. Curtis

H. S. P. Way

..E. Chaney

C. N. T. Sewen

M. F Key

#

H. S. Komor

Time. 6.06.5.1 6.00.

5.53.40

since.

DR. SUN'S EXPEDITIONARY

FORCE.

Dr. According to Sun Yat Sun's Press Bureau Dr. Sun. now Per- iy 8,000 men with in at Shiu. Solicitor, continuing, said it wa kwan, Northern Kwangtung, ready to so worse than any other case, öf. fraud, undertake the expedition against Peking. Some '4,000 of these men are Honanese; and it must have been painted in rather 1,500 from Kiangai; 1,500 from the lurid colours for the Magistrate's consent Cantonese Army: and 500 led by General | Cha Pui Ten of the Ewangsi Army, De, to have been obtained to the fixing of a Su expects to lead his men northward hail which would only he justified in aby way of Kinngsi. Since his arrival at very bad cuse--in a case of hardened Shiakwan, Dr. Sua has sent out several criminals, crimes of violence, very bad and Mukden in honour of the victories congratulatory telegrams to Hangchow anti-social crimes, or in cases where there of their armies, as reported by the Press. So far the 29 Kwangtung districts was money behind.

which Dr. Sun believed would support Solicitor

him with $3,000 to $18,000 each for Lis Northern Expedition all have failed to of remit the suns allotted them. To hasten the remittance, Governor Liao Chung latter requesting them send the money Hoi in Canton has sent each an express

immediately.

was

said that Kent formerly employed in the firm 5. Deacon and Hastings and when M. 01:00 tion in 1917, He had every confidence in him and it seemed to nin a monstrous 8.07.50 0.09.35

thing that a man of good character should 6.10.40 be charged with the crime and forced to 6.12. find bail of $20,000.

6.13.20 6.17.18

6.19.4

Solicitor pointed out that the de. 6.13.16 fondant had a big family and the chance

of his leaving the Colony was absurd,

In regard to

Lo Sbu-fan, Solicitor

sent instance, to move Cement shares

RUMOURS REGARDING THE BRITISH CONSULATE. According to the Yin Chiang Pão, a Canton city daily supporting the Kuo-

Government. Giles, acting H.L.M. Consul General in mintang

Mr. Bertram

Canton, is to be recalled by his home Government because of his part in sanctioning the traffic regulations of

sination they bring about. Tu the pre-spoke of what be termed discrimina. Shameen which were responsible for the downwards, they quote the name of a tion in the matter of bail. To x this recent strike, and also his part in the very reverend gentleman as having said at $30,000 was equivalent to convicting act of opposing Dr. Sun Yat Sen when the shares are not worth $15 but with defendant of this offenet. It would cer- the other day. The probability is thas the latter attempted to bombard, Canton what warrant one has still to find out.

Wherein, then, can we find the remedy?tainly create a dangerous impression on Dr. J. W. Jamieson, the Consul-General, it would be futile to expect any relief the jury when the defendant went before during whose absence Mr. Giles has been from the Legislature, and the remedy, if

acting, may be returning to Canton any is to be found at all, is in the bands

shortly. As far as bis part in connection of the shareholders.

with other foreign consuls in preventing Dr. Sun from wantonly firing on a defenceless city, Mr. 'Giles has received messages of gratitude from the Chinese who, it is believed, will be glad to see the British Government giving recognition to the Consul General and the Naval officials in South China for this act of bumanity.

there is the big cash balance the Com-B.S.A. pany can boast of, to By Bething of Triumph machinery, buildings and plant, and other indian property at Deep Water Bay and Macao. Therefore if the Company were to close down to-morrow the shares would be worth more than what they are: selling) for today.

But apart from these tangible assets of the Company, its operations alone are sufficient to justify much better rates for shares than those prevailing to day. If the Tramway Company, whose shares stand at $44, pay only an interim dividend of 75 cents per share the relative pro- portion of value should apply to the Cement Company's shares which hear 53 cents per share interim dividend-that is. speaking of results of operation only, and of the two Companies it would seem that the tangible assets of the Cement Com pany are the greater.

Then why are these shares being so unduly depressed1 Enquiries made at the offices of the General Managers elicit the fact that the shares are worth at least , to say nothing of the prospects of zhe Company. It is true that the Direc tors when declaring the interim dividend said they could not guarantee that the Sual dividend would be the same as last year's, as business was not so good, but what Board of Directors of any company is asked or expected to guarantee what the dividend shall be? The puzzling part of it all is why the Board of Directors of the Green Island Cement Company should have gone to the pains of making such a

statement.

I would therefore suggest that the shareholders get together to discuss ways and menna of counteracting the effect of the short welling and jobbing, and stop this undue depression of values, and to

that end a meeting be convened at which resolutions along the following Lines be consideres and framed:

them. He earned less than $100 a month, and, morcover, he had a large family to support, and the chance of defendant leaving the Colony was remote...

The Solicitor also mentioned that one of the agreements to sell land belonging to the informant (Mrs. Wong Tak-yin) was executed in his office in his presence,

1. Resolved that the Directors who re- and a sum paid on account of the pur-

signed early this year be invited to chase money was handed over to the LOCAL VESSEL'S TRIAL TRIP. rejoin the Board.

2. Hesolved that the new issue of lady. Subsequently it was known to S.S.SAI ON" DOES SUCCESSFUL

shares he 'hought back at rate of Kent, to Lo and to himself, that the lady issue, or as may be advisable.

1. Resolved that the Cash Balance now could not produce the title deeds. It was lying idle should be used in the re-known to Kent and to Lo that these demption of shares, provided such deeds were in the possession of Mr. Ho shares are below value, taking pre- Kom-tong and there was practically no vailing market values of property, etc., as a basis, the reduction of chance of getting them, if Mr. Ho were Capital shares being the essence unwilling to proceed with the transac-

4. Resolved that the Board of Directors tion, they were faced with a bard pro-

TRIALS.

The sa Sai Dp, recently launched at Taikoo Dockyard, for the Tung On S.S.

on her speed trials. Her average speed Company, was on Saturday taken out over the set course both with and tide and against these eletuents was 14.2 knots for hour.

At the conclusion of the trials the at any time be empowered to redeem, position, as they were up against a vessel proceeded to Castle Peak where out of the furds of the Company, wealthy and influential wan. The allega: taken of and the customary toast. pro anchor was dropped and tifin was par- any such shares that are offering at tion was that the sale was a fraud, and

a figure reasonable in the judgment

of the Directors, even though such yet in spite of that, the defendants stayed purchase may mean the non-payment in the office doing their work of a dividend, the reduction of Capital sbåres being the essence thereof.

posed.

thereof. Business in cement may not be so good to-day as it has been, and may continue had for some time to come, but no one will deny that the demand for cement is ever present, and if the demand bus eased off somewhat, it is simply be

Mr. G. M. Young, head of the firm cause the operations or constructions in

of Megars Butterfield and Swire in which cement is being used are tempor- arily delayed. The Building Ordinance

Hongkong, in asking the Company to of this colony has operated against the

On the 20th of August last he drink the health and prosperity of the demand for cement in that it disallowed

Tung On 8.S. Co., remarked this was the rebuilding of old houses--a necessity

An invitation to those geutlemen who (Solicitar) and Keat wore subpoenaed to the occasion of the first trip and speed They had been under the circumstances against which no resigned early this year is but due to give formal evidence of the execution of trials of the Sai On one can complain-but this Ordinance will them, as they have ably helped in dircet- the deeds in the case before the Supreme carried out in glorious weather. and be not remuin in force forever. The troubles ing the affairs of the Company and have

was very pleased to be able to say that in Cantor and South China generally have helped its growth to what it is today. Court, and at that time he was not fully the ship had made more speed than that also decreased the demand for cement, Their resignation, in the first place was acquainted with the circumstances. With contracted for. He felt quite sure, liko but as soon as these troubles are over significant of their disapproval of unneces: the return of Mr. Ho. Kom-tong, defen with the trip, especially Mr. Woo Hay himself, everybody was extremely pleased the huge construction works contemplated sarily increasing the capital of the Com dans (assuming they were guilty) kaew Tong, the head of the Tung On S.S. Co. will be begun. They, what with the pany and over-burdening it, and is so demand required for local development refusing to associate themselves with it to be all up, and yet they still con Mr. Woo Hay Tong replying said that and work in South Chin generally, the scheme, which they, with their brender tinued to perform their duties. The only demand for cement will be greater than vision, saw was not to the best interests ever, and then the. Green Island Cement of the Company, it can only be said that person who absconded was the son of the trip to and from Canton carried over Company should reap its harvest, as by their act was consistent with their good informant (Mr. Wong Tak yin) who had then it will have been fully equipped with name and honour. It may be mentioned to be brought back from Canton. There its new kilns which turn out a greater here that the scheme to increase the production at 3 lesser cost, thereby capital of the Company was fathered by they had the guilty" remaining behind

Misguided, and the innocent absconding. eliminating the danger of competition of one of the brokers. imported eement which is, according to the public was, there is no doubt." But analysis, inferior to the Green Inland those misgaitled shareholders who voted Mr. Lindecli: It was not alleged that Cement Company's.

for the scheme realize to-day what a trap the boy who absconded was very inno-larity would extend to the Sai On. Great The only conclusion, therefore, that one can come to is that the depression of the they had fallen into, und musy to-day are Beyond this nó further comment is. value of Cement shares in duo to brokers paying the price for the others' cunning.

Solicitor

emphasised

the

with the Tang Un which on its maiden this ship.could in every way be compared

1,400 passengers and was previous to leaving inspected by some 30,000 people, was one of the best steamers on the whose unambious verdict was that she Hongkong-Canton run. She was already most most popular boat and they had

every reason to believe that this popo- credit was due to Taikoo Dockyard;! Messrs Reid and Greig, and all their defen energetic staff. Every care had been these two steamers speedy and comfort. able. The Taikoo Dockyard had combin

and others selling short on the market necessary. Suffes it to say that a united dants' behaviour in face of all these exercised and no pains spared to make

or in other words, selling something stand must be made by the shareholders they have not got, for forward delivery of the Company even to the extent of adverse circumstances and asked for hoping to cover at lower rates between engaging legal aid to redraft the Com reduction of bail for Lo. the time they soil and the time they have pany's Articles if necessary, and/or to

ed good speed with economy of consump-

الله .

to deliver. But these people are not obtain whatever sanctions of the Court Mr. J. H. B. Nihill opposed the reduction. Fourteen knots on a ton of coal an bour was an achievement that any without their resources in case the mar that may be necessary to make possible tion, and mentioned the serious nature engineer could be proud of. He had ket should be against them at the time the carrying out of the shareholders of the disclosures made by two witnesses, great pleasure in asking them to join in they have to deliver. They are usually wishes in respect to resolutions as out As much as $900,000 was involved in the carrying shares for weak bolders and use lined above: them ad li as they may want to-to Will not some shareholder with more case. It was not alleged that this amount Break the market if they choose, or to ability than I have come forward and had been stolen by the defendants, but serve their own ends. Indeed, the intake up the angels on behalf of the other satiable greed of these creatures is such shareholders and do the needful in con- that it was their ultimate aim that they resort to all kinds of methods nection with the convening of the pre- without conscienea ce principle to attain thoir end-without thought of those whose (Contraved on next Column.)

liminary meeting ?--Yours, etc,

SHAREHOLDER. Hongkong, September 20th, 1924.

His Worship decided to reduce bail to $5,000 cash and to fix two personal bonds of $5,000 each.

drinking to the continued prosperity and success of Taikoo Dockyard and Engineering Company (Applause.)

Mr. Reid, Chief Manager of the Dock- yard, replied as did also Mr. Greig.. The Hon. Mr. Holyoak also spoke saying that although he belonged to a rival com pany it was not competition that was wanted but friendly co-operation, which", would benefit the travelling public.

1924

CRICKET

BATTING AND

WICKET KEEPING

GLOVES

OF ALL DESCRIPTIONS

HAVE ARRIVED.

ASLO

DUKE'S CRICKET BALLS

AND

BUCKSKIN

AND

CANVAS LEG 'GUARDS

!

BAT OIL AND GRIPS

ABDOMINAL

PROTECTORS.

ETC.

ETC..

GEAR

ORIOKET BATS (RIGHT AND LEFT HAND) INCLUDING

FORCE XXXX

GUNN AND MOORE'S "AUTOGRAPH“

SPALDING'S

EXTRA SPECIAL"

PHILIP MEAD'S

AUTOGRAP

THESE BATS ARE FIITED WITH LONG AND SHORT.

HANDLES

CRICKET BAGS-

HARROW AND FULL SIZE BLADES

$18.50, 20.00, 30.00.

LANE, CRAWFORD, LTD.

GREEN IS AND CEMENT CO., LTD.

Best

etland Cement

SHEWAN TOMES & CO.,

GEAT-RAD MANAGEES,

JONGKONG.

COLUMBIA NEW-PROCESS RECORDS.

"TO JULIA" (SoxG CYCLE)

(No. 1. THE BRACELET 2- D1480 No. 2. (a) MAIDEN'S BLUSH,

(3) JULIA'S HAIR

Dist{No. & TO DAISEB

No 4. THE NIGHT

D1462

HUNT EUDELL, TENOB

No. 5. (a) INTERLUDE, (6) CHERRY RIPE 100 LOVELY ROSE

H

ANDERSON'S.

Powell

Wm

12 Des Vænx Road.

NEW GOODS

FOR

LADIES SPORTSWEAR

WOOLLEN SUITS

GOLF COATS, JUMPERS HOSIERY & SHOES

A Very Smart Selection.