1926-05-01 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tal. Contral 238.

SOLE AGENTS FOR

"Queen's Buildings.

BELL'S UNITED ASBESTOS CO, LTD..

MANUFACTURERS OF

"Victor Metallio." "Dagger," "Quadrapie" and

"Beefer" Packings.

Bell's Asbestos Compositions.

·Salamander" Engine & Cylinder Oils.

"Salamanderite Jointing."

ANCHOR BRAND

PURE MANILA ROPE.

*THE CORDAGE YOU CAN TRUST."

MARINE ROPE

TEANSMISSION

OF POWER ROPE

CABLE LAID

HAWSERS

WELL DRILLING

CABLES

ESTABLISHED 1854

YNCHA

HAUST

ROPE

FACTORY

MANILA

RUPES UP ALL SIZES FOR ALL PURPOS S

MADE FAM FUBE MANILA

HRMP

THE HONGKONG DAILY PRESS, SATURDAY, MAY 1st. 1976

MANUFACTURED

BY THE MOST MODERN MACHINERY,

STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED FACTORIES-MANILA, P.I.

KING'S RUILDING. CENTRAL 3163.

HONGKONG - OFFICE:...

TELEPHONE

INVESTMENTS.

A.P.B.

AWO SHOPS, Three Staried, near CORONET and next to AP.0. in WINDRAM

Trazan also HOUSE, BROADT.COM ROAD, OR PEAK, and One in KOWLOON for Diagonal on Favourable Terms. We have Tenants for Houses and FLATE, Peak, Midlevel and Happy Valley District Ebares, We Buy or Sell Small and Large Lota. SMALL INVESTORS. TEL C4630.

THE NAVY'S CHOICE

Coates

ORIGINAD

PLYMOUTH GIN

OBTAINABLE EVERYWHERE.

Hongkong Weekly Press.

#

EACH ISSUE OF THE HONGKONG · WEEKLY

MANY PRESS. CONTAINS

OF COLUMNS DETAILED INFORMATION UPON THE CHANGING CONDITIONS IN CHINA. The copies of the paper should be filed. They will

invaluable for reference.

prove

This week's issue, published to-day, contains the report of the assault by pickets upon Colonel Hayley Bell, the Commissioner of Customs at Canton, followed by the apology of the Canton Government.

410

It also describes the capture by a British patrol boat of

Canton Government launch which was being used by the strike leaders to prey upon foreign goods. Then comes the Manifesto issued by the Executive Com- mittee of the Canton Government asking the Foreign militarista Powers to withhold recognition from. any who may happen to occupy Peking, in order that the people of China may be able to rise and overthrow militarism and, after achieving a united Government, devote themselves to work of reconstruction.

It is impossible by means of a letter to give friends in England a proper understanding of the many conflict- ing elements in the present situation.

Mail them the WEEKLY and save yourself endless

trouble.

32 Pages-30 Cents.

On Bale by all Ko,ular Newsboys.]

[SEND COPIES HOME.]

CONSERVANCY WORK IN

KWANGTUNG,

THE NEED OF FUNDS, "We have received from the Board of Conservancy Works of Kwangtung a cop of the Sixth Annual Report, which covers the period from July 1st, 1994, to June 30th, 1993.

41

The Director (Mr. E. S. Tai) in an introductory note, says:

The Report gives extensive dats on the actual situation of the great flood of 1924. which is exactly ten years after that of 1914. As will be remembered, the year 191 was a specially unfortunate year for the Province of Kwangtung. Admiral Tao, the first Chief of this Board, in his Introductory Remarks on the Report of the West River Survey of 1915," said "the flood of 1914 exceeded in height and violence those of the preceding fears," and never during the last seventy years. had the water of the river reached so high a level" "The loss of life and pro

perty," continued the Admiral, "among

||

HONGKONG STOCK EXCHANGE.

OFOBING QUOTATIONS..

Bangkong Brak...

Do London. Chartered Bank, Marosatile. Bank, A. & B..

- Doy F.&O. Bank,

East Asia Bank Canton Insurance

Araiz SÜTE, 1998*

$1,095 bay,

China Underwriters North China Insurança Union InsurancŤ Yangtane Insurance China Fire Insurance Hongkong Fire Insurance... Douglass

HX, U. & M. Etoamboa Hoogkong Indo-Chinas (Pref.)

Do (Del.).

Shell Transporta Forse...... starbosta Oriental Navigations Sugars Malabon Bugar Bengusta......... Kalan Mining Aa.. Langbats (combined)

(single) Explorations

the inhabitants was terrible." It was min

Minos

account of the great flood of 1914 that Umar Caspiant

HK. & K. Wharis... Admiral Tan Hsia Heng was appointed H. & W. Docks

on December 13th, 1914, to organise this

Board.

+

.

Hongksw.........

Now Engineerin Shanghai Dooks. HK, & 8. Hotsh ............ Hongkong Lands ...... H. Terntorials (f.p.) Hongkong Realtys (o.p.).

Building.

Hural Lands

There seems to be a cycle for great flood in this Province. In July 1994, tea years later, a severe food again visited the West River valley, the lower part of Buy Estates.. the North River valley and the Delta.

This flood happened during the adminis tration of Hon. Lin Sun, my predecessor as Director of this Board, whom I suc ceeded on July 20th, 1925. The flood-sea- son of 1995 was, on the contrary, notice able by the absence of high waters in the rivers.

LI

Faso Cotton......

Orientale

£125 nom.

bay

200 2005- £50 bar. A13 £91 nom com. $635

1.90 buy.

Mm. 145 mom.

$288 bay

$120 bay. 4580 buy-

UBEN' CINEMA

QUE

SUPER

TO-DAY ONLY

(9.15 EXCEPTED.)

METRO

PRESENT"

BARBARA LA MARR

$38 nom

57,0 bur. BT buy.

LEW CODY

15 nom.

sts nom.

$34 bay. $1) bay.

427 bay.

..Tie. 241 nom."

Tia 12 buy Ths. by nom. The 7 nom.

$5 nom. 65/- zom.

.8% nom.

$128 buy,

900

The 5.85 buy. Tis, 107 ba $9.85 sel $63) nom. 38 nom. .33 pom.

3154 noie

$100 som,

$7 Dom..

3

TL, 10.8 bay. A ĐẤT

Tit. 3 bay. ..............Tia, 62 bay. - (now)......Tis. 7 bay.

..$11k nom?

$7) nom. #154 tus. 8ly Day.

Shanghai Cottons (old) Do.. Amusemente...... Canton Icon.... Cementa (combined)į.. Do. (old) Do. (now). China Busca China Lights (combined) ..............320 nam,

Do.

$15 day.

. Do.

(old) (CW)

3 дом.

10

bay.

China Providenti 5 80 bay, spa và tàn

A research among the archives of the Board has made plain to me that the great obstacle to the Board's success is the shortcomings of the financial supplyConstructions .... In the years 1919-20 the Board was grant- Dairy Farms,

Der A Wing (Lp.). ed & part of the then existing Customs

Hongkong Electres surplus; but after these funds had been Macao Electrics expended on flood protection work, the Developmenta Board depends for existence on a small HK. Bopea (osmbined)

Do. (a.d) Do. monthly grant out of the Canton Cas-

(DOW) toms revenues. This amount is, however, Hongkong Tramways

Tack Orawfords........rate so small that we can carry on bu: a very Mackintoshs..... limited part of the repair work on the Peak Trams (old) old dkyes. The Board's Engineer-in-Biaceres. Chief, Major Olivecroza, describes in this Taxis report how "old dykes which have with-ied Asbestos............

Watsona (old; w stood innumerable flooda gave way he- | Wm. Powa .............. cause of many years' neglected mainten ance. There is no doubt that the in- undation of 1924 would have been con- siderably lessened if the Board's plans had been actually carried out. Losses sus tained by the population must be counted in millions of dollars, and the suffering of the victims of the inundation was heart- rending..

The estimated cost for carrying out the Board's reconstruction scheme in full, amounts to 35 million dollars, which sum at the first glance seems to be enormous. Considering, however, the sufferings of the people, the financial losses and loss of life, and the retarding influence upon the development of the whole province caused by repeated inundations, these millions, applied as proposed by the Board, would Field a thousandfold.

Do

nom.

$90 no..

$10-nom.

$6c buy., 87 18.

** nem

7745 cta, nom.

$10 wel·

$5 Bel. $24.80 buy.

9109 201 921 pont

3171 buy

(new)..

Jy buy.

..sli nom. ...$4 Bel.

.L

20 buy. $12 buy. $10 nom.

་་

Singaporu Tractions.

buybuyera; sal-vallars; wa-saloa ; nem-nominal

COMPANY REPORTS. UNION INSURANCE SOCIETY OF

CANTON, LTD.

Subject to audit the Directors will re commend the payment of a final dividend of sixteen shillings per share and a bonus dividend of five shillings per share for account of the year 1924.

They will further recommend an in- terim dividend of twenty-four shillings per share for account of the year 1995, and a bonus of 20 per cent. on contri butory premium.

THE HONGKONG AND SHANGHAI

HOTELS, LTD.

It is a satisfaction to note how the country people more and mere begin to realize the necessity of maintaining their dykes and food gates: Their interest finds expression in the organization of societies for raising the necessary funds locally for repair work, and the Engineer-

We are officially informed that the net in-Chief is frequently consulted by them with regard to the technical details. The profit of the Hongkong and Shanghai work completed with the aid of such funds Hotels, Ltd., for the year ended on the represents, however, only a fraction of 1st December, 1925, including the sum that which is needed for completion of brought forward from the previous year, the Board's scheme, and not before and after charging interest, insurances, general tax on the cultivated land, which maintenance and repairs, rates and taxes, will derive benefit from the scheme, has etc, and providing for depreciation and been introduced, will the Board be in the bad and doubtful debts, amounted to position to satisfactorily solve the flood 434,129.79, which at the Ordinary Yearly problem. In a previous report the En Meeting of the Company to be held on. gineer-in-Chief has placed before the the 29th May next, the Directors will public, a scheme of taxation, explaining recommend be dealt with as follows:-

To transfer to General bow a yearly tax of 33 cents per culti

Beserve

$800,000.00 rated mou, to be levied during a period of 15 years, would yield sufficient funds to enable the Board to complete the entire reconstruction scherne in 12 years.

It is my sincere hope that public opinion| may support this plan for raising funds, otherwise there is no hope for the success- ful solution of the food problem.

THE ENGINEER'S REPORT. Major Olivecrons in forwarding his Report to the Director wrote:—..

The first months of the period wera remarkable because of the severe floods which caused inundation of vast regions of the river valleys. A description of the food conditions, as well as an estimate of coat for the repair of the broken dykes, are embodied in the report.

The repair of the apron of the Lupao Control Sluice was successfully completed during the winter months, but more stone fill will be needed in order to secure the apron from further sliding.

F

carried The Sunglang works have been carried on, though much hampered by the difficulty in obtaining stone. The opening of the Board's own stone quarry at Sunglung, has, however, now eliminated this difi- culty, de

I wish again to draw your attention to the fact that the old dykes are generally!

"To carry forward to 1996 ac-

count

234,182.79

CANTON "INSURANCE OFFICE, LTD.

The Report for presentation to the shareholders at the forty-lith ordinary meeting to be held on Tuesday, May 18th says:

The General Agents and Consulting Committee have pleasure in submitting a statement of the affairs of the Office made up to 31st December, 1925, in sterling and Hongkong currency.

1924 Account. After paying an interim dividend of $18 per share on 14th May, 1925, the amount standing to the credit of this Account is $920,001-17.7 2014 This it is resolved to deal with in the following manner

To pay a final dividend of

823 per share main $220,000.00 To add to Sterling Reserve the

Fund £10,000

84,581-50

To add to Reinsurance Fund 100,000.00 To add to Underwriting

Suspense Account.

to

close the year 1924.

す

615,499.87

$990,081.17

much dilapidated, and in need of repair. 1925 Account. The amount standing at

MAE BUSCH

PERCY MARMONT

-IN

THE SHOOTING OF DAN MCGREW

FROM

"THE SPELL › OF THE YUKON "

ROBERT

BY

W. "SERVICE

LOCAL TOPICAL FILM

REGIMENTAL DAY WITH THE EAST SURREYS.

AT 9.15 PM.

THE

MOSCOW STATE

BALLET

PRESENTS

"THE FIRE BIRD

AN ORIENTAL" BALLET IN TWO" ACTS.

Prices:-$4, $3 and $2.

BOOKING AT MOUTRIES.

THE

STAR

TO-DAY AT 6.3) ONLY

HENRY B WALTHALL

"THE UNKNOWN' PURPLE.”

THE WORLD

TO-DAY A 5.15 & 9,15

JOHN LOWELL

LOST IN A BIG CITY.

THE STAR

TO-DAY

At 5.30 Only,

M

HENRY B. WALTHALL

IN

THE UNKNOWN PURPLE

GREAT MYSTERY PICTURE,

REAL THRILLER.

At 9.15 PM.

DICK NORTON

PRESENTS

THE NEW GLOBE TROTTERS

NEW NUMBERS

PRICES: 83, 82

BOOKING AT MOUTRIE'S AND THE STAR

Consulting Committee. The Hon. Bir Paul Chater, C.M.G., Sir Robert Ho Tung, Mesars. A. H. Compton, A. S. Gubbay, Henry Humphrey, T. E Pearce and H. P. White retire but being eligible, offer themselves for re- election

Funds for covering the cost of this repair credit of this Account: is $1,970,299.85. Auditors. The Accounts have been are most urgently needed, and it seems Out of this the General Agents and Con sudited by Messrs. Lowe, Bingham & to me that no other course is open to the sulting Committee have declared an Matthews and Percy Smith, Beth & Flem Board then to insist upon the introduc interim dividend of $18 per abate absorbing who, being eligible, offer themselves tion of a special conservancy tax on the ing 150,000. The balance of $1,790,268,65 for re-election.

JARDINE, MATHESON & Co., Im, lands which will draw benefit from effee will be carried forward.

General Agents sive flood protection,

(Continued at foot of mezi Column.)

OVER RALF A CLATUREY D

FILLS FOR THE

2015_Unscans of these ErORTANT CONICO, GLAVI, ZACKAGEL, GOT, BAZZANIG

DLE CLERC'S GIVER SODNEYS

FILLS IN

BULE CLERG'S VIC, PRAPERIN DELE CLERC'S ANACIAL 21506

DEN. LE, CLERG'S BOAF: 18,or 3 Pablo

The Kailan Mining Administration's mings for the week ending April 17th mounted to 72,478: tous and the sales to 30,000 tons.

..