1928-07-30 — Page 4

FOR SALE

A surplus of Summer stocks of

Men's Wear

[

All seasonpble goods but "broken "ranges - a pattern in one size but not in another which are unavoidable in a business like this. These oddments must be cleared-and quickly- hence these big reductions.

MACKINTOSH'S

SHIRTS

Canally sold

On

Monday Tuesday

at

$8.50

to

$8.50

2.d"

Now $4.00

Wednesday

TIES

A large range of popular lines usual sold at $2.00 to $3.50 Now $1.50

BATHING SUITS

all at

HALF PRICE

SOCKS

A large selection of good socks.

Usually sold at$1.50 10*$2.25.

NOW $1.00.

...STOCKINGS...

Useful lines in cotton stockings.

Usually sold at $3.00, $3.50.

NOW $2.00.

THE HONG KONG DAILY PRESS, MONDAY, JULY 30th, 1928.

SHANGHAI'S TRADE. TWENTY. PER CENT, HEATED SESSION AT PRO

NOTE THE DATES: July 30th, 31st, Aug, ist.

Mackintosh

MEN'S WEAR SPECIALISTS ÁLEXANDRA BUILDING.

& Co. Lt

DES VOEUX ROAD

WHITEAWAYS

GREAT SALE

COMMENCES ON

MONDAY, JULY 30TH

COLOSSAL CLEARANCE OF

ALL

SUMMER GOODS

WE ARE DETERMINED TO MAKE THIS

**

THE GREATEST SALE” AND BÈST MONEY SAVING OPPORTUNITY IN OUR HISTORY WAIT FOR MONDAY.

WHITEAWAY, LAIDLAW & CO., LTD.

BOXER INDEMNITY. ›

EFFORT TO AID HONG KONG UNIVERSITY.

good relationship with this coun-

try.

CUSTOMS REPORT FOR 1927.

DECREASE COMPARED WITH PREVIOUS YEAR.

BETTER THAN 1925.

Mr. F. W. Maze, Commissioner of Customs at Shanghai, in his review of the trade of the Port during 1927 Bays:

The fact that Shanghai has, on

the whole, cajoyed tranquility since the first quarter of the year is undoubtedly due in great mea. sure to the moderate attitude of the Southern generals who Have controlled the neighbourhood, though the moral support afforded by the presence of many thousands of foreign troops can hardly be exaggerated. A striking proof of the genuine desire on the part of those in power to extirpate the forces of unrest was shown by the expation in December of the staff of the Soviet Consulate as a sequel to the abortive coup d'état eng neered by Red" elements at Canton." A vigorous campaign was morcover undertaken, immediately upon the arrival of the Nationalist forces in March, against the up- holders of mob rule, which had in- flicted incalculable havoc apor the W-Han cities. The city mini-

cipality was at once reorganised and sundry improvements were in. stituted, notably the abolition of the official zale of lotteries.

"

H.K. AMUSEMENTS RECORD YEAR

'RUMOURS OF COMPETITION.

Fi

VISIONAL COURT.

COUNSEL AND EXPERTS THREATEN TO LEAVE

COURT."

ALLEGED BULLYING OF WITNESSES.

The seventh annual meeting of the Hong Kong Amusements, Ltd., was, held on Saturday, Mr. J. H. Back- house presiding: but in contrast to In the Shanghai Provisional the palatial offices in which such Court last Monday afternoon, the meetings are shown in film plays hearing of the ease in which Con this one took place on the stage at statin Paylovich Vortzovich, a Rus the Queen's Theatre to the accom-sian seaman, is charged with the paniment of the orchestra rehearsing, murder of Revel Philipovich, for the afternoon performance. Russian boatswain of the sor. Chin The report was as pleasantly sunny, at 8.20 p.m. on May 27th usual as the surroundings. The 1927, was continued before Judge Company has passed through an- Hsiung and Mr. C. D. Meinhardt, other record 'financial year, a 20 per Senior Consul's Deputy. cent. dividend being declared, and After the last hearing the case i petition the chairman's speech did vestigation being made by mental although there are rumours of com- was adjourned to permit of an in-

not indicate that shareholders need experts as to accused's mental regard this with any anxiety. etate, his defence being that, at the Company has paid nearly $150,000 porarily insane. After seven years operations. the time of the offence, he was

in dividends and placed uver $111,000 to reserve funds.

CHAIRMAN'S SPEECH.

tem-

Experts testifying at last Mon day's hearing were Dr. Martha D. Collins, attached to the Margaret Williamson Hospital, West Gate, Mr. J. H. Backhouse (Chair- Shanghai, for the prosecution, and man) saidOwing to the absence Dr. Robertson, Assistant Health of your Chairman, Mr. Noronha, Commissioner of the S.M.C., and I-am privileged to address you Dr. A. Bary. to-day though I would rather be Dr. Collins gave as her opinion him because I have been away for time of the offence, while opposite listening to him than speaking for that accused was not insane at the six months of the year and since views were held by the other ex Mr. Noronha took the Chairman-perts.

ship of your Board he has had There were many heated argu twelve months of very arduous and ments between Mr. R. T. Bryan at times worrying work for your Police Prosecutor, and Dra. Robert- Company. That his efforts and son and Bary, and Dr. Wilhelm. those of his co-Directors and counsel for the defence. At one Managing Directors have

been stage, Dr. Robertson made an at- successful, the report before you tempt to leave the Court, saying will show. You have had the report that he objected to being insulted of your Directors and the statement (the Police Prosecutor having re- of accounts together with the audi- ferred to ease in the U.S. Court re tor's report before you for some cently when even experts have seven or eight days and I propose different cpinions at times.") How- to follow the usual custom and take ever, Mr. Meinhardt thought there them as read.

was no justification for Dr. Robert son leaving the Court and advised him to stay.

The few remarks I have to make will be very brief as with one or two exceptions no explanations

appear necessary.

Change In Policy."

In view of the character of the disturbances which affected Central and East China during the early part of the year, it was to be ex peered that foreign goods would "suffer more severely than any other branch of trade. The value of the total importations from abroad in 1927 came to 455 million taèle, a decrease of 142 millions, but still 23 millions ahead of, 1923, another year of exceptional embarrassment Gims, in future, for the whole of Dr. Wilheim, counsel for the de- for the frade of China Nearly China and sell or lease our rights fence, also threatened to leave the for the remainder of China, other Court, but was dissuaded by the one-half of the decline comes under than Hong Kong and South China. Deputy and resumed his seat.

You're nothing but a big bully. the heading of piece goods; metals This enabled us to obtain a better also were in poor demand, and the grade of pictures (we now give the You come here and try to bully my best that are produced) but at the witnesses; you bally the police and success of the native crops under-same time this made the respon now you are trying to bully me. mined the prominent position estab-sibility very much greater and bad But I won't have it," said the they Police Prosecutor, during the hear liabed in recent years by foreign your Directors carried on

would have had to obtain authorizing..

when the Police Prosecutor ques Dr. Bary registered indignation

tioned him regarding his qualifica- tions to put forward an opinion on The year's work ander review, the accused's mental state, and said ris, 1927-28, has witnessed a change that he could not produce dny in the system to which we formerly diplomas because of the fact that carried on the business which is during the chaos created by the shown in the large amount standing Bolsheviks he had lost them, but in the account for films and film told the Court the various univer- rights. Some eighteen months ago sities and colleges where he had it was decided after the strong re-studied, and also produced a large commendations of the Managing number of letters from various Directors that we should acquire people.

KAIPING COAL

FOR HOME, FACTORY, & POWER HOUSE

HOME, FACTORY

AND BUNKERS

POWER

ROUSE,

TUGS &

LOGOS.

THE KAILAN MINING ADMINISTRATION DODWELL & CO., LTD.. Agents Hong Kong.

We have received a very interesting consignment of Records. selected from the Catalogue of

THE GRAMOPHONE Co., Ltd.,

ENGLAND

including

Hamorous Records by

WISH WYNNE,

NORMAN LONG,

MELVILLE GIDEON,

ERNEST HASTINGS,

JOHN HENRY & "BLOSSOM."

Ballads by

PETER DAWSON,

GEORGE BAKER,

Organ Solos by

HARRY DEARTH.

ARTHUR MÉALÉ,

BEGINALD FOORT,

REGINALD GOSS-CUSTARD, F.B.C.O.

Band Selections by

H. M. COLDSTREAM GUARds Band.

A Complete List will be sent on request.

S. Moutrie @ Co., Ltd.

Chater Road

HONG KONG IMPORTS.

grain. Artificial silk alone gave tion for a further issue of capital! The ncensed said that he admitted EFFECT OF THE JAPANESE

entail.

the

BOYCOTT.,

"ENQUIRY MUCH IN EVIDENCE."

EUROPEAN'S BAD RECORD.

HOUSE OF DETENTION MAKES HIM · LAZY. ·

A European named F. O. Richards was charged before Major C. Will- son on Saturday morning with fail- 18 to return to the House of Dentention. The defenfant com- pinized that he would have a better left the "House"; abereas the con- chance of finding employment if he finement, made him lazy and doing him more harm than good.

Sub-Inspector Elston, however, explained to his Worship that the defendont had a rather and record. in 1925, an through charitable institutions he was given a passage back to Europe. Defendant "jump

real promise of future vigour, not- withstanding the disadvantages

because naturally some time must stabbing the deceased, and told the chared by all articles of commerce lapse before the cost and profits of Court just what he had felt before and the unusually rich harvest of these films can be realized and our and after the stabbing affray, He silk cocoons. The import duty col. pryanization in Shanghai was in also said that he suffered from fits.

The Court reserved judgment. sufficient to cope with the large lection fell 6 milion-tacle, account.

The fortnightly Price Cürrent ing for 84 per cent of the whole amount of business and expense

and Market Report issued by the Since decrease in revenue; and it is in which sheet was issued we have to reserves. I think you will agree Hong Kong General Chamber of the circumetances striking, as a

COTTON PIECE GOODS AND FANCY proof of the optimistic views held arranged with certain friends to with me that this is a very good Commerce on Saturday states:- by foreign merchants, that no ap. tar North and Central China, and Hong Kong Amusements Limited, COTTON GOODS. Further sales of take over the royalties on these films record and there is no doubt that preciable diminution took place in the number of ocean steamers en-

this having been accomplished and has a future before it. I wish you Standard Brocades have been ar satisfactory deposits made, your to bear in mind, however, that there ranged but the quantity booked i tered and cleared at Shanghai. In-Directors decided that they would have been more than rumours of very small compared with previous deed, under the Dutch. French. German, and Swedish flags there is continue to recommend a dividend strong competition, and to meet this seasons. In new styles of Sprins ao actual increase to record. both of 50 per cent. For the amounts it may be necessary for your Com-Fancies a nice business has been in numbers and in tonnage, while standing at the account for films-pany, in order to maintain their transacted which, together with and flm rights we have every ex present position, to go in for very other moderately new lines which pectation of recovering. The result large extensions which will entail have been booked fairly heavily, ing its position on the high seas. of last year's working has exceeded a considerably larger capital than will tend in the future to materialed his ship at Singapore and the previous year's record and thus is now possessed and you can quitely reduce in quantity the trade in inakes it the third occasion that we understand that with a much larger Standard Brocades, thus giving an are able to propose the repetition of capital it will be more difficult to edded interest and wider scope to a dividend of 20 per cent,

the Chinese flag is rapidly recover-

Good Prospects,

keep up large dividends.

With these remarks, Gentlemen, I beg to propose that the Directors' report and statement of accounts for the twelve months ended March 31st, 1998, be adopted.

He became stranded in the Colony

mode for Australia where he was soon sent back to Singapore. He wandered from that city to Manila merchants interest in the piece and next appeared at Amoy. goods business.

He had also had six conviction a Owing to the Japanese Boycott.in_the_local_Courts. One other point I must draw your

dealers are willing to clear these The Mogistrate sentenced him to attention to is the item under cash

goods at best prices obtainable, six weeks' hard latour. Last year we showed a very satis

several lots having been diepoced factory sum of over 8110.000 whereas

of at very low prices. Enquiry is to-day with our increased business

This was seconded by Mr. Lee very much in evidence on cloths and increased profits we only show

suitable to the trade which former- about 849,000. The reason of this Iu Cheung, who said It is easy ly went through Japancee channele, ness has been done this fortnight. whole, not unprofitable; other arti is naturally on account of the large for any constant shareholder to say but prices and shipments are provMarket is dull and dealere' idea of The Cotton price is considerably below the

Far less serious is the decrease in exports of native produce, which fell 11 million taels in value, being thus 78 million taels in advance of 1925 In Chinese exports to_for eign countries and Hong Kong there is indeed an increase of 16 million taels to record, the adverse balance being entirely occasioned by the disruption, due to the causes indicated above, of "domes- tic commerce. In silk, tea, and sking the year's trade was, on the

cles of native produce af there was a plentiful supply were detained in the producing districts by the disorganisation of railway and river traffe, and the measure of success that the export trade attained was wholly due to the

which

Seconder's Speech..

sum we have invested in films and that he seconds a report like this:

as I have already explained to you with pleasure-a report that taken ng big obstacles.

RAW COTTON.Nothing doing. METALE-Only unimportant busi-

producing

we have a reasonable hope of con all in all is the best in the short market in New York and Liverpool rates ruling in the

history of the company for it shows has become increasingly “bullish " centres.

and whatever "bearish " tone was verting this bgure into cash.

With the increased business that an extraordinary stable position prevailing last week has since en 450,000

FLOUR REPORT-Stock: American.

bags; we are doing and the extreme likeli under present conditions in a tirely disappeared owing to un-bags; Australia 70,000 bags: Shang- Canadian 250,000 hood of the future bringing further part of the world. That is a record favourable weather reports and hai, 5,000 bags; 775,000 bags. Mar- extension coupled with the small of which our Directors and Manag uniform excellence of the crops. capitalization of your Company ing Directors may justly feel proud complainte of boll weevils becom-ket: There is some demand but. The year was free from the ex- make it, however, absolutely neccs and on which we should congratulate i ing more numerous.

only small sales. Quotations : Another report states: Further American Patent, 84.20-4.95 per fell in June, but no extensive floods have more attention in the future we congratulaté ourselves. I beg to Limbrics were settled last week. I per sack; American Cut off, 82.90- experienced in 1928; heavy raina aary that the reserve account should then and their staff as heartily as orders in Mercerized Brocader and sack; American Braight, #2,85-3.25

tremes of hot weather that were

were reported. The cholera epide- mic in the summer was far milder that in the previous year, the num- ber of cases and deaths reported decreasing by half.

Owing however, to the disturbed "The net value of the year's trade. state of China, distribution has import and export, amounts to 500 been impossible and a large capital million taele, against 879 millions OPINION AT HOME. sum has accumulated. The object in 1998 and 755 millions in 1995. of these members is to get some of This result is decidedly better than Members of Parliament interest the money paid over to the Hong anyone was prepared to predict in in questions affecting China have Kong University almost immediate the early months of the year. been conferring with a view to get-ly. ting some of the accumulated funds It is argued that such a course The value of Shanghai's trade, would strengthen the feelings of imports and exports for the past friendship toward Great Britain ten years is shown in the follow that are so marked in Hong Kong ing table: and the Canton area generally; and

of the Boxer Indemnity liberated for the benefit of Hong Kong University without waiting for legislation necessary to deal with the whole capital sura, writes the political correspondent of the Lon don Morning Post

other ways would tend to pro- mote British interests. The move- "ment, says the correspondent, has It will be remembered that the the warm approval of the English British Government surrendered element in Hong Kong; and an its share of the Indemnity with the early endeavour will be made to object of devoting it to educational induce the Foreign Office to take purposes for the benefit of the the subject into favourable con- Chinese and for the promotion of sideration.

second the motion from the chair.

No question was put, and the motion was carried unanimously.

Other Business.

than it has had in the past and you

There has been more enquiry for 3.00 per rack; Shanghai Flour, $2.95 will note that your Directors have

Grey and White Shirtings fellow per tick; Austrálii No. 1, 83.10. transferred an additional sum of

ing on a good demand from Bang 3.45 per sack Canadian Cut off, thus increasing this account to the $40,000 to general reserve fund,

kok Stocks in these goods are 82.75-3.00 per sack: Canadian The only other busines was the re low and prices have improved a Btraight, $2,70-2.90 per sack; Dana- this together with the necessary of the auditors. Mr. J. S. Gubbay and are often only brought about Canadian 2nd Cleat, $2.50 per sack, sum of $80.000. After providing for election of retiring directors and, little. Clearances are very poor dian Mixture, $1.60 per sack; legal reserve we are carrying for and Mr. Ma Tsui Chiu were re by constant pressure. Manchester ward nearly 852,000 which is over elected directors on the proposal of prices have been somewhat easier Market quiet, bat prices are steady, SUNDRIES.Reported sales: Nil. 810,000 in excess of the figure Mr. H. W. Ray seconded by Mr. but offers received are till 8 to 10 brought forward from the previous R. K. Butler, and Meaars. Linstead per cent., too low...

BUDA (China, India and Straits sear, In addition to the above & Davis were re-elected auditors

Produce) Reported Sales: Java WOOLLENSA few repeat order Rough White, 42.197 picule, Spot; appropriations and consequent upon the policy of past years, we have a fee of 500 per annum on the have been booked in Black Wool Java Rough White, 143,690 piculs, budgetted for a bonis to be paid seconded by Mr. J. E. Noronhaus Venetians at practically the same to arrive during July, Aug, Sept, prices as purchases made in the Oct, Nov., Dec., 1928, Jan., Feb., Dividend warrants are obtainable spring. to the staff of, your Company as seconded by Mr. J. E. Noronha mentioned in the report. You will, to-day.

1929 Java Fine White, 165 picule, Corton TARN-Market has been Spot; Java Rough Brown, 6,433 I am sure, approve this practical

vers quiet during the interval and picals, Spot; Java Bough Brown, recognition of faithful and arduous

Those present were: Messrs. J. H. no sales have heen effected. Quote 6,766 picule, to arrive during July, Backhouse (Chairman), H, W. Ray tion are unchanged and mely Aug, Sept., 1928; Java Molasses, Rumours Of Competition.

and Le Kan (managing directors), nominal: No. 1 $170-190: No.76,120 picule. Spot: Java Crystal After being in existence for seven Ma Tsui Chiu (director), Chas, E., $180-195: No. 168. $135-900- No. 24. 47,700 picuís; Java Orystal 1.305.117.246. years this Company has paid away Rosselet (secretary), and the follow-No. 20. 8205-210. Arrivia: il. No. 18, 7,100 pimis: Java Soft 1183,543,359 in dividends, including what we ing shareholders: Messrs. C. E. Shipments: Nil Sales: Fil. Un White, 800 picnt: Java Brown. 1.181.077.647 now recommend, nearly $150,000, Backhouse, R. K. Butler, C. Mold stocks: 1,500 bales. Bargains: 1.489,393.484. and we have placed over $111,000 Heanley, Lee lu Cheung, J. E. 8,700 hales. 1,262,663,393 (Continued on next Column).

Hk.Tle. 627,094.382

769.006.155. 840,069,438 927.477,680

1818

1910

1920

1921

1922

14

"1323

1924

1025

1920

1927

9$0.715,400-

services,

d

Noronha

Present.

(Continued on next Column).

59,700 picula; Iloilo. No. 1, p.500 picule Hoilo, No. 2 800 piculs; Doile, No. 3, 16.900 piculs.