1927-02-10 — Page 3

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THE SOUTH CHINA KNITTING FACTORY

A Modern Factory fitted with the most up-to-date machinery in Hong Kong

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THE HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 10th, 1927.

PERSPIRATION,

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• ANTWERY

TAIC/D ALL FOOT MANYELLOUS FOR HALM

YINDIA- AND-BOXX <FRIT

DEBATE ON THE ADDRESS.

FURTHER POINTS.

(Continued from Page T.)

The British Wireless Service also sends a report of the debate, essentially similar, from which we give following points.

LOCAL GOLF.

LADIES. CLUB ON

SATURDAY, A

INFRINGEMENT OF RULES AT THE VALLEY.

There are no competitions. At Fanling this week-end.

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THE ARMSTRONG, WHIT- WORTH COMPANY.

RECENTLY ON BRINK, OF COLLAPSE

DIRECTORS· SHARPLY

CRITICISED.

How serious at one time was the faancial position of the huge firm of Sir W. . Armstrong, Whit- worth & Co., Ltd., was revealed at meetings of abareholders, when the directors were strongly criticized.

Lounas, February 8th. An interesting event bai, how During the course of the debate, ever, been arranged for Saturday Mr. Ramsay MacDonald, criticised

on the New Course. This will be a the paucity of the Government's match between the Club and the programme, and particularly the Ladies. A similar event was ommission to mention Poor Law nounced last year, but had to be an- reform, factory legislation or exten- cancelled. It should be a most sions of the franchise. The state-interesting match and five out of ment regarding the admission of sight of the selected players for the Germany into the League of Club team have accepted the in- Nations would be accepted with

vitation to turn out. pleasure on all sides of the House. Germany's admission was the fruit of years of patient sowing and watering, and the whole House would hope that it would add to the stability and security of Europe to rely on any chosen team bains raatters were treated with and to the authority of the League able to turn up, the fixture has been

of Nations itself.

Mr. Baldwin's Speech. In the course of his remarks on China, the Premier said that h would not speak at length on the subject, because this would be debated on Thursday when the for eign Secretary: would make a full statement. But he pointed out that one of the difficulties in the xitua tion was that there were elements at work in China which desired to push us into fighting.

Evacuation From Shanghai Impossible.

Those who were in a position of responsibility could eavisage great possibilities that might occur Emall populations of foreigners could be evacuated from a place like Hankow, but not from Shanghai There were too many people. Chins was in a state of civil war and that was what we had to remember when

it

was suggested that complete security might be obtained by a surances. Assurances could be given perfectly bona fide and in tended to be bona fide, but until we were clear that the

opportunity had passed for the neighbourhood of Shanghai to be a fighting ground between the various national forces in China in their civil war, it could not be said that danger to foreign nationals had passed at Shanghai,

Nationalists Not In Control.

At Hankow, one of the difficulties bad been that the Nationalist Army bad either lacked the will or the power or both, to contrel their mobs. Much organised force fail to control such more, might an un forces as might be left loose in a city of the rise of Shanghai and of its wealth, if combinations of unhappy and evil circumstances

were let loose;

Sunday had been set aside for a match between the Club and the Services, but as the Services thanks to the political situation are unable

cancelled.

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On the following week-end, the 10th to 1st, there will be a bogey pool competition. On the Sunday the semi-final of the Junior Cham- pionship will be played between A. O. Brawn and W. J. Clerk; and A. Sommerfelt and C. B. Robertson.

1995 a

One shareholder at the extraordi particularly of the directors ane nary general meeting complained tioning as recently as dividend so soon after the business of abysmal catastrophe." had been brought to the brink Another shareholder, Mr. W. White, suggested all the directors, except the

should resign: could to The shareholders whe

who had lost the numbered by tens of thousands, and it was a scandal that these callous "by the directors. indifference"

Although there was criticism at the meetings, which were held by direction of the High Court to sand- tion the proposed scheme for the necessary resolutions of approval reconstruction of the company, the were carried."

Position Explained. - The frat meeting was of the Four per who presided, said the necessity for Cent. Mortgage Debenture stockholders Sir Edwin Cornwall,

gard to the company's financial making drastic proposals with re position became apparent some time

In the Junior Cha_pionship, by a surious co-incidence Brawn, Clerk, Sommerfelt, and Robertson each won their games against Lisaamun, ago. Taylor, Whyte-Smith and Layton ponsible for the business should It might be said that those res respectively by one up! This is have visualized more clearly the certainly unusual, for, rarely in such competitions does one find all the post-war position. It was easy to winners returning the same card.

by wise after the event, but that foresight and judgment was serious, ment of rules on the Happy Valley tain of the investments made in re There has been a gross infringely lacking was evident, and it was particularly dieult to justify cer course. It appears that of late number of people have been using

cent years. the race track while the ponies were out. This was especially noticeable yesterday morning.

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This is entirely against the rules of the Royal Hong Kong Golf Club in respect of this course, and the matter is being taken up. Drastic action by the Committee, we are informed, may be considered neces

sary..

That the directors of the company at the time acted in a way which they thought was in the best, in- terests of the company, he had no doubt. They embarked on a bold, far-reaching policy which, if the world recuperation of trade had been rapid, might have resulted differently.

of arrangement was the appoint The only alternative to the scheme

ment of a receiver, which would be calculated to accentuate rather Empress of Scotland; now

Arriving to-day on the R.M.S. than ameliorate the difficulties of another round-the-world cruise, is

on the present situation. the Empress of Scotland Round-resolution that the scheme of ar. The Chairman announced that the

Cho made its appearance here fast by the requisite majority, the World Golf Chimilar rangement be approved was carried year when this ship was in port.

Hong Kong Golf Club have invited As on that occasion the Royal the members of this Club to visit We have sent a force which we Fanling. They will no doubt avail have been advised by all our ad themselves of the offer, especially visers would be necessary to do when they learn what a capital fend our people in the Inter- course it is, and that there is a national Concessions, if danger really enjoyable motor run cut to it. should arise of a real struggle to Arrangements are already in hand capture the Concessions, and to for the liner's golfers to visit the murder the inhabitants on the part course at arranged times. of a mob together with troops, whe ther they happened to be troops that have come into Shanghai from beaten armies or whether they hap pen to be troops of a victorious army. Such force as we are send- ing to China had gone there for i the purpose of the protection of life and for nothing else."

MUDFORD'S" MUNICIPAL

AFFAIRS.

THE ELECTION CAMPAIGN PROCEEDS.

CROWDED. HOUSES" AT PARTY MEETINGS.

WAS

Lord Southborough presided at the extraordinary general meeting, gaged in putting its house in order. and said the company had been en- The civil engineering department, which had been the bane of the existence of the company, rapidly disappearing. It was the policy of the Board to dispose of its interests in the subsidiary com padies which had been such a strain and drain upon the resources and freedom of action of the main-busi- ness when ressonable opportunities occurred.

-Brink Of Catastrophe. One shareholder," Mr. K. Bedell, had immediate support when be criticized the directors who 38 recently ELS 1925 sanctioned "a dividend, and yet so soon after wards the shareholders learned that this great business had been brought to the brink of abysmal not have come about suddenly, and lastrophe. That, he said,, could

directors. must have been known to the

With regard to the North, the Premier said that it was a 'diffi- cul: task in a situation like this, to hold the scales so evenly between the conflicting parties in a struggle Y.M.C.A., Kowloon, in connection The campaign at the European with which we have nothing to do with the bye-election for the ap and which was exhaustively Chin-pointment of three members (from ese, in such a way that neither six candidates standing) to

He suggested that they ought to party could accuse us at any time" Mudford-on-Sea Council," is, pro-Arm of independent sccountants to the have a special investigation by a of helping the other.

TOY BALLOON CAUSES DEATH.

ceeding space, and with much live liness

see whether the directors could be made personally liable for some of that "masterpiece of financial and commercial ineptitude.

Exceptionally keen interest is being taken in this, the first event of its kind staged in the Colony. Mr. William White, who spoke Campaigning is general throughout of the "morass of misfortune" the Y.M.C.A., where the rooms are into which the shareholders had The strange fatality was reported becoming more. and more decorated been plunged, said the only crumb to the Police, on Tuesday of a ten- with election propaganda as the of comfort they had was in the fact year-old Chinese boy who died ass hour of the poll draws near.

that the chairman was to be on the result of swallowing a toy balloon,

and his body was later removed to tween three coups, the Progres that one exception he asked for an The fight in storn and bitter be-board as their representative. WIEL the Mortuary.

In the police report of the case, sives, Moderates and Socialists.

Meeting are being held nightly,

it was indicated that death was and the houses" are crowded. caused through the swallowing of Good humoured fun and beckling the squeak of "the toy balloon with which the boy was playing.

prevail The posters and circulars are attracting much interest, and are adding considerable spice to the progress of the campaign, which will culminate on Saturday night with the polling.

CHINESE AND A PHILIPPINE FILM.

ASTOR HOUSE ALTERA-

·TIONS.

A NEW CONCRETE ROOF PUT ON

The Chinese community, says the Manila Timer, represented by At- torney Albino Z. By Cip, prezident of the Chinese General Chamber. of Commerce, has pledged P20,000 worth of shares in the Mayan Photo play Corporation to enable it to film Ayer, Hoy y Hatans," which will cost at least P40,000 to finish, ac The Astor House property re- cording, to Faustino Lichauco, Jr., cently purchased by the Ho Hong producer.

Bank is now undergoing alterations. Filipinos furnished P10,000. M. If has been found advisable to Sy Cip, it was declared, has pro- remove the topmost storey of the mised to "subscribe the remaining building, and to construct a new P10,000 in the event that Filipinos concrete roof, whilst not carrying fail to do so. “

out any other alterations to the Thirty-four applicants are entered main features of the building

in the contest for principal charae It is understood that negotia ters in the play. Fourteen others tions are proceeding for the use of have been chosen for minor parta the building for an hotel business, The girls who will take part in but, the Ho Hong Bank will con- the play have not as yet been select tinue to occupy that portion of the ed, there being only a few apmain floor in which it is now carry plicants.

ing on business, in any event.

assurance that none of the existing directors would be retained

The shareholders who had lost the bulk of their investments in this company could be numbered by tens of thousands. That money in many cases was the result of long small savings, and it was a scandal that these matters were treated with such callous indifference by the directors.

Millions In Swamps, ta They had invested millions of money in swamps and old railways in Newfoundland, and he was formed they had paid for them five and six times as much as any com petent business would have paid

Mr. White's suggestion that all the directors except the chairman should resign their positions forth- with was cordially reaived by the gathering, and was endorsed by Honnell, providing there, was no compensation to them for being, deprived of office.

The Chairman, inid there had no doubt been miscarriage in business, but the stringency of the strictures made in some particulars were more. than were deserved management.

by the old

The resolution in "favour of the reconstruction scheme was carried without dissension.

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Ny FRED de GRESAC. Suggested by - Heuri Kurger's "Life in the Lasin Oners. Cam tunity "by Bay Dayle `and Harry, Bokm. "Di

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