1926-06-11 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel' Central 338.

BOLE AGENTS FOR

“PUDLO

99

Makes Cement Waterproof

"FEUSOL"

The Immovable Fire Coment

ANCHOR

3, Queen's Buildings.

BRAND

PURE MANILA ROPE.

"THE CORDAGE YOU CAN TRUST”

MARINE ROPE

TRANSMISSION

OF POWER ROPE

UABLE LAID

HAWSERS

WELL DRILLING

CABLES

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

MANILA

BUPES OF ALL

SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA HEMP

THE HONGKONG DAILY PRESS, FRIDAY, JUNE 11, 1926

MANUFACTURED

BY THE MOST MODERN MACHINERY.

STOOKS ON HAND OF ALL SIZES, ENQUIRIES. SOLICITED

"FACTORIES-MANILA, P.I."

KING'S BUILDING. 3165.

HONGKONG OFFICE:

TELEPHONE

CENTRAL

REINFORCED OR PLAIN

CENTRIFUGAL

CONCRETE PIPES.

A.P.B.

SPUN CEMENT PIPES OF AN IMPROVED TYPE MADE LOCALLY

A PATENT PROCESS.

BY

In reply to numerous enquiries we beg to state that a detailed price list is now being printed and will be available very shortly,

HONGKONG ENGINEERING & CONSTRUCTION Co., Ltd. St. George's Building, Chater Road, Hongkong, Telephone: Central 4581 (two lines).

THE HONGKONG ILLUSTRATED WEEKLY.

A Copiously Illustrated Sunday Paper, in English and Chinese,

will appear on SUNDAY NEXT.

Price:-10 cents per copy; $5 per annum.

All who wish well to the increasing spirit of co-operation between Foreigners and Chinese should subscribe to this paper. When you have read the English section, hand the paper to your Chinese Staff.

[A.P.3.]

[3669

CAMMELL LAIRD & Co., LTD.

Controlling THE LEEDS FORGE CO., NEWLAY WHEEL CO, Etc. Birkenhead, Sheffield, Nottingham. Birmingham,

Leeds, Penistone and London.

RAILWAY PASSENGER COACHES

FREIGHT & COAL CARS ·

STEAM DEIVEN RAIL COACHES

*NEWLAY" BOLID ROLLED STEEL RAILWAY WHEELS, 18. PEKING ROAD, SHANGHAL

84

"A VERY. UNSATISFACTORY

REPORT."

(Continued from page 2)

As it was, however, the reply stated that unless the Company continued to pay the same rate of wages, the European Stall would cease work, and it would seem, abandon the vessels, not at their operating base, such as Hongkong and Shanghai or terminal port of their vayage, but at any way-port they might touch at after the 1st March. I hesitate to comment upon such an organized movement which could not but have caused incalculable loss not only to the Company but to Shippers of cargo both foreign and native, to say nothing of possible suffering to large numbers of native passengers who patronize our vessels, confident of the safety and in- tegrity associated with the British flag

THE WORST PASSED.

It is customary at these Meetings for the Chairman to make some relerenço to future prospects. However, under present conditions, any prognostication of what the future has in store for us would be simply guesswork or at the best a mere personal opinion. Commerce and politics are so indelibly wrapped up together in China, and at no time so much as at present, that it becomes im- possible to forecast what the outcome of the present state of affairs may be. It is generally thought however, and I per sonally share the view, that we have now seen the worst as regards upheavals in China, and the people, especially dona Ale traders are heartily tired of the never ending interference with, and an- just taxation in their business.

The long imposed Boycott must have deanded the Southern provinces of essen- tial imports, while exports have only been moved under great difficulty. Mili- tary taxation has proved a heavy drag on trading and it is anticipated that given even a more or less stable Govern- ment there will be a large incronae in, trade.

A GREAT DISAPPOINTMENT. The termination of the negotiations in such an abrupt and unpleasant manner

The anti-British movement, as is only after the friendly nature of the discus-

to be expected, has been the means of sions was a great surprise and disap attracting considerable numbers of vessels pointment, and I cannot believe that the

of foreign flags to enjoy the fruits of threatened action had the considered superade built up by Companies such as part of the majority of pur employees, ours, and there is also a great increase who have proved themselves loyal and of steamers under the Chinese Baz. I good Officers for many years. But we fear therefore that even when the return to normal times eventuates tonnage for could not risk the lay-up of even a por tion of the fleet under these conditions a time will be in excess of demand. and had to accept the situation we were faced with and abandon the scheme for reducing the pay,

In our various interviews with the Guild Representatives, and I note in Articles in the public press, the question of high cost of living has been put for ward as the principal consideration for not reducing pay. This I venture to say is a somewhat spacious argument, inas- much as all members of the Flanting Staff are messed by, the Company, the amount spent last year being $209,592,05. The increased cont of essentials of living really only applies to the families of married men, say 25% of the Staff, and these enjoy a special grant of 10% of their salaries as a Married Allowance. The position as it has developed is now exercising the attention of your Directors and apart from the pay quee tion, various schemes throughout the year have been devised with the object of re- ducing overhead charges and running expenses as far as a state of efficiency permits

"

OLD VESSELS SOLD. As regards the Flect, opportunity was taken during the year of disposing of some of the older steamers which had passed their period of usefulness, viz. The Takmang, built 1992, Loksang, 1891, Exang, 1801, Wong, 1891, and Chun- sang, 1890, all being sold at prices show ing a satisfactory profit over their book

value...

A DISTURBING FEATURE.

The presence of large numbers of cheaply operated steamers with, com- paratively speaking, no overhead charges, introduces a new and disturbing feature of competition, and the position is being watched closely.

I now beg to propose the following: Resolution :--

That the Report and Statement of Accounts as presented including the transfer of £335,000 from Contingency Account to Revenue Account be adopt ed and that the sum of £669.16. 2d. be carried forward to next year's account."

As soon as this Resolution has been stonded, I shall be pleased to reply to Shareholders may wish to ask. the best of my ability to any questions

Mr. G. 11. SHAW seconded the proposal, and it was carried unanimously.

On the proposition of Capt. ROLFE, seconded by Mr. Top, Sir Robert Ho Tung was re-elected a director..

Messrs. John Fleming, C.A., and A Ritchie, CA, were reelected auditors, on the proposition of Mr. Ho Leung, seonded by Mr. E. B. C.. HORNELL.

RUBBER MARKET.

EATFST SHARE "QUOTATIONS... Messrs Carroll Bros. are in receipt of advice from Singapore that the price of raw rubber is now 66 cents. per ib. The follows

Allenbys,

Alor Gajahs..........

Amalgamated Malays Ayer Moleks Ayer Panas

It was explained at the last annual general meeting that a contract had been entered into with the Kiangnan Dockwire also gives the latest quotations, as and Engineering Works at Shanghai, for the construction of an Upper River steamer to act as a feeder to the Yang- taze Fleet generally, and the vessel which has been named the Kinmo was taken over from the builders in October last. It was also found necessary during the year to acquire a further tow boat and Your lighters for river work. All the craft have proved satisfactory and given normal trading conditions should prove a valuable asset to, the Company's Ynng- taze organization.

A TOTAL LOSS.

While several casualties of a "minor nature occurred during the period under review, no aerious mishap has to be recorded; but I regret to say that since" the close of the year, owing to a collision in the Wangpoa River on the 11th January last, the BB Tungahing became a total loss.

Our thanks are due to the Floating and Shore Staff for their good work during the year, particularly during the time of the General Strike in Hongkong and Shanghai, when work was carried out under exceptional difficulties.

I feel it only just, to mention the patience and zeal which has been dis- played by these in charge of vessels operating in the vicinity of the Upper Yangtze, where lawlessness and disorder would seem to be the rule rather than the exception. The Company appreciates that employment in these waters carries with it considerable personal risk. Apart from the dangers of navigation, the in- discriminate bring on vessels by irres ponsible native troops created a state of affairs well nigh intolerable. This and the continued enforcement of illegal taxation on vessels of all Bags, has re- pectedly been represented to the Officials of His Majesty's Government, and al- though the most sympathetic hearing has been given to our representations the abuses unfortunately still continue.

Turning to the Statement of Accounts you will note the building reserve ac count shows an increase of $23,337. 6.10d. due to profit on steamers sold dur- ing the year and to which I have already referred. Contingency account has been decreased by the transfer of £335,000 to Revenue Account.

The loss on running "steamers 'shown in revenus account includes, in addition to the items mentioned in connection with the Floating Staff, £58,253.18. Od. for insurance of the fleet and £43,315 in respect of pool adjustment, expenses of wharves, godowns and general charges in China

The transfer from Contingency Account will leave the Revenue Account with a balance of £660.18. 2d. which it is pro- posed to carry forward to next year.

In the present financial position, and with the future so uncertain, the Direc- tors naturally do not propose to recom mend a dividend on either the Preferred

Balgownies Bassetts Brogas

Bukit Jelotonga

$3.70

2.05

5.00

2.85

14.225

5.10

1.40

1.00

1.23

Bukit Katils

1,25

Changkat Serdangs

9.30.

Connemara

2.90

Glencalies

3.00

Indragiris

-10.26.

Jerams

2.00

Jimahs

2.80

Kedahs

4.85

Kempas

10.40

Kunia Sidims

4.20

Lunas

4.50

Malaka Pindas

3.10

Malakoffe

5.00

Mandai Tekongs

0.00

Mentakabs

Mayfields *******

13.50

New Serendahs

0.65 6.60

15.25

1.40

4.00 3.25

4.30

35.50

1.50 15.50 3.00

6.00

Pajams

Punggors

Sandycrofts

Sendais

Sungei Bagans.....

Tapahs

Tambaiake

Telak Ansons

United Malacens

Utan Simpatia

EXCHANGE RATES.

BRITISH WIRELESS SERVICE)

*Paris

Brussels Anisterdam Berlin ..... Copenhagen Vienna Helsingfors Lisbon

RUGBY, June 9th.

UEEN

QUE

SUPER Y

TO-DAY & TO-MORROW ONLY.

COMEDY PROGRAMME.

RAYMOND GRIFFITH

WITH

·WALLACE BEERY AND LOUISE FAZENDA

IN

"THE NIGHT CLUB"

A PARAMOUNT PICTURE

ALSO

BEN TURPIN

IN

DARE DEVİL.”

THE STAR

TO-DAY & TO-MORROW ONLY.

ONE OF THE OUTS FANDINGLY

·GOOD PICTURES OF THE YEAR

66

HIS PEOPLE

PRESENTED BY

CARL LAEMMLE

WITH

RUDOLPH SCHILDKRAUT

AND A BRILLIANT ALL STAR CAST.

"

It captures that rare beautiful thing-love of family-belief in one's own-a picture to win your heart to stay in your mind-bring tears to your eyes and laughter to your lips.

HONGKONG VOLUNTEER DEFENCE CORPS.

[ORDERS BY HAJ, R. MELVILLE SMITH, M.B.E., ADMINISTRATIVE COMMANDANT.]

No. 229.

Li

4. ARMOURED CAR COMPANY. Parade at Kennedy Road Range on Monday, 14th June, at 6.30 p.m., for Vickers Gun Practico under C.S.M. J. E. Hancock.

Drivers a detailed by Corporal J. V. Ramsay.

p.

1.-The following letter has been re-for ceived from D.A.A. and Q.M.G., China Command, and is published for informa tion:-

To Administrative Commandant,

H.K.V.D.C...

"The following message has been receiv. ed from HE. the Governor, Sir Cecil Clementi, K.C.M.O.

"Please convey to the Commanding Officers and all ranks my warh appre- ciation of the splendid bearing of the troops on The King's Birthday Parade to-day.

The ceremony was in every way worthy of the occasion."

(sd.) C. D. AzMSTRONG, Capt., For D.A.A. and Q.M.G., China

Command. "Hongkong, 4th June, 1998.

9.-CASUALS.

Musketry Part I. will be fired at Stone- cutters Range on Sunday, 13th June, 1026; by all members of the Corps who have not yet fired to attend.

Range Officer: Capt. D. C. Logan,

M.C.

Launch will leave Murray Pier at 9 a.m. and cali at Kowloon Pier at 9.10 m, sharp.

2.17/32 43.5/ Dress Uniform optional, but rifles, 2/11 bayonets, Belts and pouches must be 1/11.6/32 taken.

...... 161

150

12.10%

20.433

18.38

34.45

193

Buenos Aires...

Shanghai

Yokohamia

New York

4.884

Geneva --

25.13

Milan

1318

18.17

21.92

1641

31.89

7.31/31 1/5.31/32 2/23

Stockholm Oslo Prague

· Madrid Rio

Bombay

Hongkong

Silver (spot and forward). 30.3/16

NETHERLANDS TRADING

'SOCIETY...

DIVIDEND OF 74 PER CENT.

The Hongkong Office of the Neder-

or Deferred Shares and a note of the landsche. Handel-Maatschappij bas re- liability in respect of the former, duly ceived advice from Batavia that the appears in the Balance-sheet. I traat Bank has declared a dividend of soven this action will be approved by you.

and a half per cent. for the year' 1925,

Arms: Will be drawn from Corps Head- quarters on Friday, 11th June, between n.m. and noon, or 2 and 4 pm, or and a p.m., and on Saturday, 12th June, between 9 a.m. and I p.m...

3-MOUNTED INFANTRY.CO.

. Mounted Parades will be held every Members Friday until further notice. should take every effort to attend these parades, which will be held at 6 p.m. sharp, at the New Mounted Infantry Stables.

Recruits and those who have failed in. Part I. to attend Musketry Class under Sergt. M. M. Watson at Volunteer Head- quarters on Monday, 14th June, at 5.30 p.m. sharp,” · ·

The Miniature Range at Corps Head quarters will be available for Mounted Infantry Company on Monday, 21st June,

at 5.30 p..

The following "drivers will be passed Official Government Licences at 5.30

No. 530 Pte. L. M. L. Lloyd. No. 573 Pte. V. Goulborn.

-INFANTRY COMPANY.

The Miniature Range at Corps Head-. quarters is available for the Infantry Company on Monday, 14th June, at 8.30 p.m.

.6.-SCOTTISH COMPANY.

The Miniature" Range is available for the Scottish Company, on Thursday, 17th June, at 5.30 p.m.

An Instructional Class in Lewis Gun will be held under Sergt. B.B. Bell every Thursday,

-7.-STRENGTH:

The following are taken on the strength on 7th June, 1928, and posted 'to Mount- ed Infantry Company:-

No. 1055 Pte. P. K. M. Patten. No. 1058 Pte. D. A. Campbell.'

8.--APPOINTMENT.

No. 024 Pte. S. C. Ho, Medical Section, is appointed Lance-Corporal, as from 7th June, 1926.

9.-REVERSIONS.

No. 373 Lance-Corporal V. Goulborn, Armoured Car Company, reverts to the ranks at his own request, as from 9th June, 1026.

No. 558 Corporal J. R. Collis, No. 1 Platoon, reverts to the ranks at his own request, as from 5th June, 1926.

10. TRANSFER,

No. 556 Pte. J. R. Collis is transferred from No. 1 Platoon to the Mounted In- fantry Company, as from 7th June, 1926.

11.-LEAVE

No, 307 Pto. B, J. Dixon, No. Platoon, is granted two months' sick leave, from 1st June, 1928, to 31st July, 1923.

12-RESIGNATIONS.

The following are permitted to resign from the Corps

No. 995 Pte. E C. Hudson, M.C., No.

1 Platoon, dated 8th June, 126.. No. 895 Pte. W., N. Ogden, Reserve

Co., dated 2nd June, 1920. No. 1000 Pte. J. H. Wallace, Heserve

Scottish Section, dated 2nd June, 1026,

G. E. SWINTON, Capt.,

Adjutant, H.X.V.D.C. Hongkong, 11th June, 1929.