1927-03-24 — Page 4

K

Shoes

By Appointment

THE HONG KONG DAILY PRESS, THURSDAY, MARCH 24th, 1927.

Whether you are an enthusiastic golfer or walker, you will be pleased with this comfert- ably made solid shoe, every inch of which will stand the most riaid Lests of bard usage. The designing has been contrived to givn greatest case, which is so necessary in a sports shoe, and we can confidently recommend this shoe to give the utmost satisfaction, Fitted with the new." USKIDE" Golf Soles nad Hoel,

MACKINTOSH

& CO., LTD.

MEN'S WEAR SPECIALISTS, Alexandra Building. Des Voeux Road.

GENERAL ACCIDENT, FIRE & LIFE ASSURANCE CORPORATION, LTD.Bypass

I'M NOT

INSURED!

For Full Particulars of Accident Insurance, Apply to the Agents-

JAMES H. BACKHOUSE LTD.

1A, CHATEX Boan (3ED FLOOR),

CAP]

PRACTISE ECONOMY AND THRIFT

BY USING

GAS

PROPERLY.

For a nominal monthly maintenance fee all Gas fittings will be regularly examined and kept in order by the Company's fitters, thus ensuring the Minimum Gas consumption with the "Maximum Gas heating efficiency.

4

Full particulars of this service will be gladly given on a personal call at, or telephone message to, the Showrooms at West Point-Tel Central 4- or 16, Des Voeux Road-Tel Central 470£

HONG KONG AND CHINA GAS Co., Ltd.

SALE

NOW ON

20 DAYS ONLY Beginning from March

4th.

THE WING ON CO., LTD.

LOSS ON GOVERN- MENT CONTRACTS.

BUILDING TRADE IN HONG

KONG IN 1926.

ENGINEERING & CONSTRUC- TION CO'S MEETING.

SLIGHTLY IMPROVED

PROSPECTS.

The fifth ordinary yearly meeting of shareholders of the Hong Kong Engineering & Construction Com- pany, Ltd., was held in St. George's Building on Wednesday. ƒ'

Mr. R. G. Shewan, Chairman of the Company, presided and there were also present Mr. J. Scott Haraton, Sir Robert Ho Tung and Mr. J. T. Bagram (Directors), Mr. S. Courtney Cook (Secretary), and Messrs. E. M. Raymond, M. Fer- nandez, M. A Figueiredo, 0. F. Ribeiro and A... Alves (share holders).

The CHAIRMAN, in presenting the report and accounts for the year, 1926, said: You will see from the Profit and Loss account that we have had to write off a further loss on the contracts with the Hong Kong Government of 843,167.20, in addition to the sum of 9120,874.89

Work in Shanghai. You will observe in the Balance: Sheet an item of $95,000 odd for| works in progress-development of Franki Piling in Shangbai. This represents the cost of transferring Franki Piling equipment and per sonnel to Shanghal and the carrying out of an exhaustive series of tests and demonstrations of the excep tional advantages of our patent system of concrete foundation piling in the dificult ground of Shanghai.

The system has been well received by engineers and architects as well as by the various Public Authorities of Shanghai, and we are now en gaged upon our first contract there, which is for the foundations of a

BANK OF CANTON, LTD.

THE ANNUAL GENERAL

MEETING...

SATISFACTORY YEAR'S BUSINESS RECORDED."

A satisfactory year of banking business was recorded at the 16th ordinary, annual general meeting of shareholders of the Bank of Canton, Ltd., held at the head office, No. 6, Des Vaux Road Central, yesterday afternoon, Mr. Li Yuk Tong (Chair. man of the Board of Directors) prc.... siding.

There were also present:--Mossrs.

twelve story büllding in the French Li Fo Kwai, Li Sing Kai, Li Yik Concession. We have other pre-lui, Ng Yee Hon, Ng Yow Ting, spective work both in Shanghai and Tam Won Tong, Tang Yew Ting, elsewhere, the materialiation of Choy Chong, Chan Fu Cheung and which, however, must depend to a great extent upon the trend of events in the North.

Needless to say, the amount above referred to will have to bo à first charge against the profits from work in Shanghai...

Lim Woo (Directors), and Mr. Là Tsze Chung (Sub-Manager). Share- holders present were Mesara Ma Ying Pin, Tuen Sing Kim, Lam Hon Ping, Kwa Eng Lee, Leung Yuk Shen, Quan Shu John and several

others.

Chairman's Speech.

To transfer to the Re-

serve Fund

$150,000:00

As we hold the patent rights of

The CunMAN said: The proût this system for the whole of China, for the year including the sum ef we do not intend to confine our $18,733.12 balance brought forward operations to Hong Kong and dis- from last account and after paying all charges and writing off bad trict or even Shanghai, but to gand doubtful debts, amounts to further afield as opportunity occurs. $1,233,608.96 which we have for ap Our centrifugal concrete pipes are propriation With this we propose for General Charges and Deprecia- now being turned out in first class to deal as follows":- tion not covered by contracts condition and of a quality and at These amounts together with Direc& price which enables them to com- tors' and Auditors' fees bring our pete with any other drainage pipe debit for the year to on the market Wherever they have $170.300.78. On the credit side we been tried they have given complete bave profits from other completed satisfaction. But, like everything contracts Bank Interest and Trans- else, this department has languished fer Fees, altogetber 841,774.80, for the lack of a good demääd. Our leaving a net loss for the year of list of regular users is, however, $128,523.08.

gradually growing larger.

total

To transfer to the Re

serve for bad and doubtful debts 300,000.00 To write off Furniture, Fixtures and vaults account....

To Branches Organisa

tion account

To pay Dividend at s per cent, per annum To pay Bonus to Direc- tors and Staff ......... To carry forward to

4,743.28

124,848.87

FOR

5 DAYS

VIOLINS

VIOLIN BOWS

MANDOLINES

ETC., ETC.

AT

HALF PRICE.

S. Moutrie & Co., Ltd.

Chater Road.

A STRIKING CONTRAST.

BRITISH SUBJECTS IN CHINA.

CHINESE UNDER BRITISH

RULE."

DEBATE IN THE HOUSE OF COMMONS.

HEROIN SEIZED IN "ASTUTA MARU."-

RUMANIAN AND POLISH WOMAN UNDER ARREST.

BAIL OF $10,000 ASKED.

Revenue Officers boarded the .... Astuta art on Tuesday when the vessel was alongside the Kowloon - Wharves, and while searching the passengers belongings, they found

OT Speaking the subject of concealed in a ward-robe trunk 360 British policy in China in the ounces of heroin, valued at $5,600. 518,824.59 House of Commons on February The sequel was heard yesterday 79,405.70 10th, Mr. F. G. Penny, who has morning when Georger Statigross, lived a great portion of his life in a Rumanian, and a Polish woman the Straits Settlements, said he named Helena Rogovi were charged would like the Government, if they before M. R. E Lindsell, at the possibly could, to point out the Central Magistracy, with the unlaw. striking contrast between the posi-ful possession of the drug and with

and the Chinese in the Straits. out a permit tion of British subjects in China importing it into the Colony with-

next account ............ 61,715.01 The conversion of our sterling capital into silver has been effected in accordance with the resolutions passed at the extraordinary general meeting on the 23rd October, 1928, and confirmed at a similar meeting on the 10th November, 1996.

A Critical Year. You will, I am sure, all realise that the year 1937 will be a critical time for your Company. The policy of the Directors will be to reduce our general charges to the absolute minimum compatible with efficiency so as to conserve such working

I am glad to be able to report that capital as still remains in order that the Bank's business for the year we may take full advantage of the under review is paczidered satisfac- slightly improved prospects of busi-tory in spite of the abnormal cordi-

tions prevailing. ness which appear to be opening

Directorate.

"When we went to Penang," he continued, "it was a wilderness, and in a few years it was teeming with prosperous Chinese, who were given safety and security under our Government. At Singapore it was even more marked than in Penang, and at the present time throughout the whole of Milaya there must be

Defendants were represented by Mr. F. G. Vaux, who informed his Worship that he understood Russian and asked leave to interview his clients, as he was without any in- structions and did not know how to proceed with the case.

These figures make it obvious that, apart from the Government contracts, the loss for the year is entirely due to the great scarcity of work. During the whole of 1826 the building trade, for reasons with which you are well acquainted, was in such a state of stagnation that any enquiries for such work as ours were quickly and eagerly met on terms which left little prospect of profit, most contractors being only

I think there is nothing further too ready to take work as any figure out.

that calls for comment and I now beg to propose the adoption of the which promised to keep their staffa employed even if it did not cover. With regard to the recent changes report and statement of accounts for their working costs. We have taken in the Directorate, we have to our the year ended December 31st, 1920.

An adjournment was granted by When this has been seconded I

the Court, and after conversing with every opportunity of curtailing our great sorrow, lost the services of shall be pleased to answer to the at least a million Chinese-probably his clients for about a quarter of establishment expenses, but most of thas outstanding personality, the best of my ability any question you the largest population of Chinese an hour, Mr. Vaux re-appeares and

outside. China itself. Thousands naked for two days' remand, the reductions could not become late Sir C. Paul Chater, who was may desire to ask.

Mr. No Ye How in seconding effective until the latter part of the one of our first Directors. The Very said: I think all will agree that the of them had become British sub year. They should, however, be Rev. Father L Robert, who for- report and accounts for 1925 show jects. Their laws and customs had more apparent in the year 1927, warded his resignation quite recent very satisfactory results and with

ly, and Dr.J. W. Noble, who has these remarks I beg to second the always been considered and respect ed, the British Law Courts laboured Settlement with the Government.

I am glad to say that we have, at not sought re-election, were also

No questions were asked, and the to do justice, searching into Chinese last, come to a settlement with the amongst the founders of the Com- repert and statement of accounts laws and customs to do so. The poorest Chinese could obtain justice Hong Kong Government in connecpany. On the other hand we are were passed unanimously.

Messrs. Li Po Kwai, Ng Yew Ting, and the richest Chinese could not Mr. Lindsell aaked Mr. Voux if tion with the unfortunate contracts fortunate in now having Sir Robert

Chan Fu Cheung, Lam Woo, Choy Siu, Woon and Tam Woon Tong, bribe a British Court, There were he were prepared to plead, at the retiring from the Board in accord highly trained officials who acted moment. Mr. Yaux said that be Race with the Articles of Associa protectors of the Chinese, guard had not received a fall statement tion, but being eligible for re-elecing the weak against the strong and from his clients, and that he would tion, offer themselves accordingly. The election will take place on the giving advice and protection where speak to the Crown Solicitor and required. Education was placed try to fix an early date for the bear- 9th proxime.

within the reach of everyone, and ing.

of 1923, but, as you can judge from the accounts, the results of our appeal have been extremely dis- appointing.

We must acknowledge that the Government has made concessions, for which we are grateful, but these were of a negative character con- sisting of (a) the remission of cer- tain penalties for delay for which the Company was said to be liable and (b) relief from our liability to complete the Chatham Road Con. tract, which as I stated last year, would have entailed a further heavy loss. Upon our putting forward the Company's claims for Enal settle ment under the terms of the vari- ous contracts, certain differences "arosc, which we requested be refer red to arbitration na provided for

Ho Tung. K., and Mr. J. T. Bag

to take the places of these gentle men.

I trust, gentlemen, I have laid our position clearly before you, and 1 now propose that the Report and Accounts, as presented, be adopted.

report and statement.

Mesars. Perry Smith, Seth & Fleming were re-elected Auditors tion of $2,250, on the proposal of ML. LI SIO Kvi, seconded by Mr. MA YING FIU.

Mr. J. T. BлORAM seconded, and for the easuing year at a remunera. if they wished to learn their mother' the report and accounts were adopt ed unanimously.

Directors.

The CHAIRMAN announced that

tongue they could do so.

Senior Revenue Officer Watt said that he could only agree to a formal remand as he did not think that the prosecution would be ready then. He also intimated that the Crown Solicitor would appear for the pro- secution,

The Court remanded the case until Saturday morning, and asked Mr. Vaux if he wanted bail for his The Chinese were the largest pro-clients. Mr. Vaux replied that the perty owners there, they owned accused had no money at all, and

dividend warrants would be ready about two-thirds of the mining that was why he was anxious to

secure an early hearing.

rights in Malaya; they owned about one-third of the rabber industry' they handed about half the food each. MASSED BANDS CONCERT on the Legislative Coun- the trial in Police custody.

supplies, and they also had repre-

The appointments as Directors of Sir Robert Ho Tung, Kt., and Mr.next week. J. T. Bagram were confirmed and Mr. J. Scott Harston, a director who retired by rotation, was re- elected on the proposal of Mr. RAYMOND, seconded by FIGUEIREDO

Mr.

Messrs Lowe, Bingham & Mat thews were relappointed auditors at

in the contracts. In view, however, the same fee as before, namely

RIBEIRO.

seconded by Mr.

AT QUEEN'S THEATRE.

ANOTHER GOOD PROGRAMME

ARRANGED.

Those who have enjoyed the selec. tions played by the Bands of the 1st Border Regiment and the lat Cameronians at The Queen's Theatre laat week, will be delighted to learn that another performance will be Kiven by the Massed Bands of these two regiments on Sunday evening.

The programme will be as fol- lows:--

of the counterclaims (consisting in $600, on the proposition of Mr. part of the penalties, to which FERNANDEZ, have already referred) which the Government thereupon reserved the "A Shareholder's Suggestion. right to enforce, we had no alterna- "At the close of the business of the tive but to bow to the force of cis-meeting, Mr. FERNANDEZ said: The cumstances and relinquish our out- Company has already lost half its capital, and I would suggest that standing claims.

Hymn God Our Help." the Directam should write it off as tion. Clause 07. I think it is ad-The Unfinished Symphony provided in the Articles of Associa 1-Overture to "Zampa"...Herold. visable to do so because it means no

Schubert

Afford

Thus closes, I hope, a chapter of disaster which has shaken your Company to its very foundations (except, of course, its Franki Piling Foundations).

The total losses upon these con- -tracts with the Government, covering a period of more than three years, have amounted to nearly $600,060, and had it not been for profits made in other directions, it would have been impossible for the Company to continue m business.

loss to shareholders." The capital 3-Xylophone Duef" Two Imps" which has been subscribed: to

from: Sulivan's Company figures as a liability in its 4.-Selections balance sheet. If it is reduced the Operas. Habilities are reduced, and in this s.-Pipers of HM. 1st Cameronians. way a deficiency is wiped out and 6-Humoresque The Lightning

it is purely a book transaction and

Alford.

Switch" it does not alter the real value of 75,--Scena-" In a Monastery

Garden the shares. That is the only sug

......... Ketelbey. gestion I have to make, sir..

8.-Excerpt from "Sunny"...Een We are, however, still a going The CHAIRMAN: I am very much.-Descriptive Fantasia concern, and I am pleased to say obliged to you for your suggestion, that during the past few weeks there and the matter will be seriously con has been a distinct change for the sidered by the Directors. better which it is to be hoped will"This concluded the business of the

meeting prove to be the turn of the tide,

The Battle of Waterloo." Popular prices are being charged, and booking is now open at the Queen's Theatre.

cil and on the Federal Council of the Federated Malay State and on the municipal bodies. They could form companies and banks, they 'owned steamships, and they came there very often as paupers and went away wealthy people and had the same, privileges and advantages as the European

Justice, Full and Generous. All these rights and privileges imdiluted had not been acquired by merit on their part, because, al- though there are a great number of Chinese who are the most splendid examples of industry and integrity, there is also a deplorable percen taga of the criminal class. In fact, the prisons there are mostly filled with Chinese, and the record of Malaya, is stained with their crimes of violence.

Mr. Lindsell said that hail would have to be in the sum of $10,000

Both the accused elected to await

ST. JOHN'S AMBULANCE ASSOCIATION.

PUBLIC" VACCINATION.

The St. John's Ambulance Asso- ciation announce that public vac- cination will be performed near the Peak Hotel Entrance 11 below:-

Friday, March 25th, 6.30-8.30 p.m. Saturday, March 26th, 2.30-430

Sunday, March 27th,, 11′′ am.- 1 p.m., and 2.30 p.m.4 p.m.

Residents are invited to send their Chinese servants, who wish to be vaccinated No fees are charged or may be accopted.

is

Yet notwithstanding this, justice,

WEATHER REPORT. . . both full and generous, has been meted out to them, not because of

Yesterday's weather report, fore- their qualities, but in spite of their defects, which is a great tribute to cast and remarks, issued by the our administration and is a reason Royal Observatory at 6.20 p.m. why we should ask these Chinese stated nationaliste consider and com

to

The anticyclone spreading pare what their compatriota are southward. Moderate to fresh men receiving at our hands against those so may be expected along the given to our nationals in their S.E. coast of Chins and over th country. He felt very strongly north China Sea

Local forecast: East winds, that they do not realise the gener ous and just treatment that their moderate to fresh; overcast, somo

drizzle or mist. compatriots receive.

❤