1929-03-02 — Page 5

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MARSHAL LI TSAI HSIN DENIES RUMOURS.

NO DISAGREEMENTS IN NATIONALIST CAMP.

THE HUNAN TROUBLE A LOCAL AFFAIR.

POSITION OF FENG YU HSIANG

EXPLAINED.

There has been an undercurrunt of appréhension in Canton since the Hankow political coup which drove General Lu Ti Ping from the Province. Rumours are also more prevalent than usual. about disagreements at Nanking. Canton is notoriously a place for canards of this kind and the present crop is only noticeable for the fact that it is having some effect in financial circles and is one of the causes of the unusually, high rate of exchange be tween Hong Kong and Cinton. The Hong Kong dollar was re- cently fetching $1.33 Canton money and various Government bonds have fallen in value. The Second Issue were recently at 38 per cent., but yesterday they were as low as 30 per cent. Central Bank of China nates, however, remain at par and are in great demand.

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IMPORTANT STATEMENTS BY LI TSAI HSIN.

Marshal Li Tsai Hain in an interview with local pressinen said that the trouble in Hunan was purely a local matter. He scouted the idea of dimensions at Nanking and assured the de putation that all the Nationalist leaders were working in harmony for the good of the Republic. He viewed the whole situation in China optimistically and was equally confident about the forthcoming Kuomintang Conference at Nanking. Marshal Li Armly denied that Feng Ya Haiang had invited Wang Ching Wei. to return. Feng had in fact taken the opposite line.

Marshal Li, in conclusion, said he expected to divide his time between Canton and Nanking.

LI TSAI HSIN AND HIS COLLEAGUES.

[FROM QUÊ CHINESE CORRESPONDENT.]

THE HONG KONG DAILY PRESS, SATURDAY, MARCH 2nd, 1929.

HONG KONG TRAMWAYS, LTD.

THE ANNUAL MEETING.

(CONTINUED FROM PAGE. 4).

“UNQUESTIONABLE SUPERIORITY OF

TRAMWAYS."*

A TENANCY DISPUTE.

MORE MONEY OFFERED TO

GAIN POSSESSION!

Alleging that her sub-tenant had offered more money to the landlord ration more cars and worked a

than" she was paying in order to larger mileage than in any previous Chinese widow,

get possession of the house, & year and necessarily employed more principal tenant of No. 3, Main who was the labour, and, in keeping with the Street, Aberdeen, brought an ac requirements of the continued tion against the Kwong Shum efficiency of your undertakng a Tong shop and a man named Lo very full repairs and renewals pro- Ho at the Summary Court yester gramme has been maintained. day for the recovery of 864, being

rent due.

To those who honestly think that the doon of the tramway is in Iminent let me commend a fresh

perusal of Mr. Bernard's speech in The balance of these several in- this room at the annual general creases to both sides of account is meeting in 1928. What he told you on the credit side but you will ob then regarding the unquestionable serve in the depreciation item that superiority of tramways over motor for various reasons it has been con- buses for mass transportation insidered expedient this year to charge large towns, is just as true and un- a figure that exceeds last year's assailable to-day, and I do not pro-by over $17,000.00. After allowing pose to labour this except to re- $49,176.89 for Government Royalty, Assure yon by making two brief the net result for 1999-namely, references to hard-headed Lanca próst of. 8970,910,33 as shown, in the report of the Directors-amounts, therefore, to $11,897.43 less than in 1997.

shire,

Including the balance brought forward the sum now available for appropriation, after deducting 8300,000 for interim dividend already paid and $68,000 written off against the itera goodwill and construction expenses, is $765,789. 17.

The Liverpool Corporation Tram ways for the year ended March 31st last after meeting sil charges, and operating at exceedingly low faces contributed £115,000 out of their profits to the relief of the rates. In October last the Minister of Transport visited Liverpool and performed the opening ceremony of a new tram car works which is

The Board recommends the pay. probably the largest and best equipment of a final dividend of 80 cents ped in the world and has been built at a cost of £300,000.-

Costs Compared.

The other reference is to Man chester. In a recent address to the Manchester Rotary Club the Tram ways Manager, said that it cost in that City 0.21 pence per seat-mile to carry a passenger by tram-car and 0.16 pence per sent-mile by bus, or roughly as one to two. In other words it cost him no

more to

The plaintiff, Ip Meo, said that she was the principal tenant and that she sub-let the whole of the ground floor to the defendant at the rate of $18 a month. She her- self occupied a cockloft on the first floor.

She received verbal notice from the landlord to vacate the premises and she believed that the sub- tenant had offered more money to the landlord for the house. When she gave up the tenancy, the de- fendant owed her the amount claimed.

Defendant's story WAS to the effect that plaintiff owed rent to the landlord, and that the land- lord had instructed him to let him know when he paid the plaintiff. He said that he paid 888 to the. landlord on plaintiff's behalf and per share, which will absorbhe professed not to know why he $820,000, and carrying forward tho had been sued. balance of $245,789,17 to next year.

This, making a total dividend of $1.40 per share, is the same as for the previous year,

I do not think there is anything further requiring special comment and I now beg to propose:

His Lordship said that he could not believe that the plaintiff was present when defendant paid the rent to the landlord. Furthermore if the plaintiff owed rent to the landlord, he could have recovered it from ber. Judgment wna ac "That the report of the Direccordingly given to plaintiff on the tors and statement of accounts for amount claimed with costs. the year 1923 be adopted as pre- sented and that a final dividend" for the year of 80 centa per share is herely sanctioned."

When this has been seconded I' shall be pleased to answer to the best of my ability any questions which shardholders may wish to

| operato a 70-seater tram-car than a 35-seater bus. He concluded by saying that the Manchester Trans- "Do you think," the interviewer" port Committee was "prepared to adopt any means at once economical, naked, the Third Delegate. Kuo-expeditious, comfortable and safe Is it true the interviewer mintang Conference will assemble whatever it might be for the pas aked Marshal Li Taai Hsio, "that at the scheduled time and will you senger transportation of the City.nak. leading military and civil officials attend the Conference !"

Their adherence to the tramway for the public conveyance of industrial of the two Kwang Provinces held "Yes," "the Marshal replied, communities arises not because it secret conference in Kwangs" the Conference will undoubtedly is a tramway but from an assured after you had completed the ob- meet as arranged and as I shall be no other vehicle is available that knowledge that at the present time sequies of your mother? According leaving. Canton for Nanking some can supersede it on its essential to common rumour the conference time next week."

♫

was discussing ways and means of It is reported that the Ex- meeting the guneral situation in North China."

JI

tremist members of the Kuomin- tang are trying to stage come "When I was in Kwangai recent back through the coming Con- ly the Marshal replied, "several ference. Should they succeed what of the chief offcials of the two would you and the majority of Kwangs including General Wong moderate men do f Shin Hung, Mesars. Fung Cho

"Well," the Marshal replied, Man, Tang Shih Tang, and others

they can do what they like. But joined me in my native town and I am sure justice will prevail at offered sacrifices to my deceased the coming Conference and that mother. It is also true that we right will win in the end.” held conference, but what wa

merits.

MR. A. H. FERGUSON.

AN ARCHAIC ACT

In rising to second the adoption

THE "

INSTITUTION”. DANCE.

ENJOYABLE "CINDERELLA "

AFFAIR

The members of the Institution of Engineers & Shipbuilders' frank- ly and freely. forsook their sus terity, eschewed lectures on Lubrica- tion and other abstruse subjects and just frivalled last night.

Their frivolity took the form of a Cinderella Dance in the newly

clouds.

of the report, and accounts, decorated ball-room of the Instit A. H. Ferguson said:I wish to callution. The reason of this outburst attention to one or two points to of gaiety was to show their friends No Dividend for Eight Years,

which insufficient attention appeaze what a comfy little Club it was One point in connection with the to have been paid. The first is the before the local steam launches do Hong Kong situation which should question of road maintenance. It is their deadly work of covering every- be bome in mind is that for the not sufficiently realised to what a first eight years of this Company's great extent tramways relieve local thing with their sombro grey smoke existence no dividend was earned, road costs. Tramways are operated Hong Kong's future development requires that damage which at that lightful music provided by the but the Company-confident of under an archaic Act of 1870 which and danced to the strains of de- Over a hundred people assembled

was undaunted and carried steadily time was caused by the hoofs of Brunswick Orchestra. on. Whether this would have been horses which pulled the trams Mr. Willie Brown was M.C. and the case had your Board of, say 20 should be made good by the tram under his supervision everything building up a thriving business and years ago, suspected that after way operators. In Great Britain went like the proverbial wooden- after 4 years of operation they defensible clause still obtains, and too quickly, like the speedometer of and Hong Kong this ancient and in clock, which recorded the time all were to be attacked on the most the paving of the two tramway the new taxi-cabs, so that midnight

section. "Will the resignation of General remunerative

of their tracks in addition to the paving of overtook the revellers unawares and system, is doubtful. At any rate the clear-way between, and also mairy regrets were expressed that it there would have been incorporated margins of 18 on either side of the was time to go home. in the Ordinance a clause which two tracks must be carried out and would have afforded them some maintained by the tramway pre measure of protection just as Clause prietors in spite of the fact that the 27 of the Tramway Ordinance wear and tear is caused by other affords the Government and the (and possibly competing) vehicles. publia protection and redress in the in America this anomaly has been event of inefficient or insufficient rectified in a number of cases, and service by the Company.

relief from what is known as the

were discussing ware plans for de-Pei Chung Hsi at this time have mobilization in the two Kwanga ay effect on the general situe ́"and the question of the unification|tion

of finances. The conference had "No.", was the reply, his re- absolutely nothing to do with the signation is due to sickness.” situation in the North; and there was nothing secret about it."

THE HUNAN TROUBLE. "When you last left Nanking "What is the real nature of the for Canton," the interviewer aaid, recent trouble in Eunan the "several other leaders left at the interviewer asked.

Have you

The catering was in the capable hands of Messrs. Lane, Crawford & Co., and the wine cellar, in the veteran hands of Mr. G. J. Harmant, provided the most delight- ful of refreshments.

...

paving burden" has been obtain in the Tramvay Company building A FOOTING IN KOWLOON.ed in many towns.

an Hotel and competing with the We are a small In this connection my attention Hotel Company. Although I am dealing with the was recently drawn to a letter and perhaps unimportant com. same time.. Rumours were rife received any official report of the year 1929 shareholders will be glad which appeared in the London munity, Gentlemen, but while wo that these leaders were at variance coup and were the newspaper ac

to know that the Company has ob Observer of January 13th last on are here let us confine our energies with one another. What was the counts, correct?"

tained at reasonable cost-a foot the Tram . Bus controversy and in to our appropriate spheres of ac ing in Kowloon by the purchase of that letter it was stated that it tivity. As far as I am able to judge cause for all this?'

"I received a report from the the Kai Tack Motor Bus Co., which cost the London County Council no the Tramway Company is operating "That was immediately after Hankow Political Council stating we commenced to operate with the less than £950 per tram per annum and always has operated its trans- the Army Disbandment Con- that the wup resulting in the oust from January 1st. this year. Thus streets in which their rails are laid, as the Hotel Company has run its approval of the Governments to maintain the surface of the portation concern admirably just ference," Marshal Ei replied. ing of Lu. Ti Ping from Huaan we have had exactly two months as compared with only about £100 hotels admirably, and I suggest that "The military leaders,were merely was because he refused to take experience of working this small licence duty paid by the bus. these two companies and the Gov- going back to their respective pro- orders from the Council and the undertaking and shareholders will

ernment get. their heads together Road Surface Repairs. be pleased to hear that so far the

without delay to see if the matter vinces to carry out the decisions of Commander-in-Chief. The trouble expenses have been less and the In Hong Kong, therefore, since cannot be straightened out as the Conference. The leaders had was a local matter and was dealt receipts have been greater than we the licence duty is only about £24 prima facie a distinct injustice ap- come to a satisfactory agreement, with locally. It has nothing to do estimated. The fleet comprises 18 per bus, I do think that in view of pears to have been done to the and I can assure you that nothing with the general situation of the make, and a very good make-but pays annually to the Government applause.)

vehicles-fortunately all of one the Royalty this Tramway Company Tramway Company. (Prolonged extraordinary is likely to happen." country.

this number will be increased very and the further large contribution

OTHER BUSINESS. "A few days ago a wire from "We understand," the inter-shortly, indeed four new chassis for it indirectly makes in relieving the

No question was asked and the Shanghai stated that Marshal Feng viewer said, that deroobilization our Kai Tack service are due to Colony of considerable road surface Yu Hsiang had despatched a cable is already being carried out in the arrive here from England to-day expenditure, it should have been Chairman's motion was carried an

animously. Leung Kwang Provinces. When and we have been authorised by the considered and consulted before

Other business transacted by the gram to Wang Ching Wei inviting will the Headquarters of the 8th Police Authoritics as soon as these any other Company, when the desir

meeting comprised:- him to return to China to attend Military Route be abolished and new buses are available to extend ability of motor buses along Queen's

The confirmation of the appoint. the Third Kuomintang Conference. reorganized as the Demobilisation our present service in Kowloon by Road became apparent to the Gov-

Office for the two Kwangs?"

operating on Route No. 9 which is ernment. The argument that the ment of Mr. B. D. F. Beith and Mr. Have you received any official in

"The disbanding of superfluous Road between Star Ferry, and Mong tween the Hotel Company and the election of the retiring directors, during rush hours along Nathan competition which we see to-day be-Joseph to the Board and re- timation of this?”-

"I have received no such report pendently in the Leung Kwang activities of the Kai Tack Motor tion is not tenable. (Hear! hear!),

troops is being carried out inde Kok Police Station. Hitherto the Tramway Company is fair competi Sir Robert Ho Tung and Mr. C. G. S. Mackie proposed by Mr. J. T. from the North," the Marshal re Provinces. The reorganization of Bus Co, have been confined to routes

To be absolutely fair it seems to Bagram, seconded by Mr. J. M. plied. "I do not think that Mar- the Headquarters of the 8th Mill-which did not include any part of me the Tramway Company should Alves

tary Route will depend on orders Nathan Rond.

The re-election of Messrs. Lowe, shal Feng did anything of the sort, from the Central Government."

be allowed a considerable reduction in the terms of their street surface Bingham and Matthews as auditors, it was only a newspaper" raport.

maintenance, and in the sense of at a fee of $1,500, until the next But it is true that a group of mein-

equality it appears only right that annual meeting-proposed by Mr. bors of the Provincial Kuomin what sort of organization will be of this rear. A new item appears the Bus Companies and the Trams Greenhill,

next week, Is this true? If so, With regard, now, to the accounts in the matter of payment of Royalty C. Mancini, seconded by Mr. L. S. tangs of Shantung and Kiangsa set up in its stead 1"

for the first time in the balance should be brought more into line. cabled Wang Ching Wei, inviting Whether or not the Canton sheet presented. The assete in-

Hotel. Tramway.

The Chairman was supported by him to come back for the Con- Political Council is abolished and chude the item Motor Bus Ac

Sir Robert Ho Tung, LLD., Mr., It has been difficult for me to C. G. S. Mackie,. Mr. A. H, Comp- replaced by another organization, count $68,661.55." This, of course; ference. It is probable that the two Marshal Li replied, depends upon relates to the six buses on the understand why the Hong Kong ton and Mr. J. E. Joseph (direc- things got mixed. I have received a the Central Government. So far no Happy Valley-Connaught Road Hotels, Ltd, should have obtained tors), Mr. L. C. P. Bellamy, M.C., personal cable from Marstal Feng orders have been received from route to which I have already made the Queen's Road franchise and I A.M.I.E.E. M. Inst. T. (general man denying that he had ever sent any

Nanking."

reference and includes in total, the am glad to have fur assurance, ager) and Mr. W. F. Simmons, depreciated value of the vehicles, Sir, that the Tramway Company is .C.1.8. (secretary). such cablegram to Wang Ching Should the Canton Holitical their stores, equipment, etc., the in no way to blame. It is only Wei, In fact Marshal Feng has Council he abolished, will you con-working balance and sundry items,

Shareholders present reasonable that the Hotel Company Messrs. J. T. Bagram, A. Nissim, expressed himself very forcibly on tinue to remain permanently in the actions of the Provincial Kuo Canton, or will you stay in the

for their patrons at Repaise Bay. C. Mancini, F. M. Ellis, O. F Total revenue 31,955,914.84.

should arrange transport to and Ribeiro, B. Ferguson, B. mintangs in question, to the effect capital That is a matter of great The year, inclusive of interest and from town of between their two Biggs, L. S. Greenhill, J. M. Alves, that their actions were not in so importance to the people of the investment income shown in profit hotals on the Island, but I can see P. O Potte, F. H., Crapnell, Chua cord with the policy of the Central two Kwangs."

and loss account, has yielded a total no more justification in the Hotel Beng Choo, Joseph Gould, H. S. Executive Committee and he sug That will again depend upon revenue of $1,855,914.34 and this is Company operating buses in open Hills, Or Kitchell, A. A. Alves, W gested that they should be severely the orders of the Central Govern $75,520.94 more than in 1927. and deliberate competition with the J. Stokes, Lenng Wah Hing, 8. H. punished I hope this will show meat," the Marshal replied. "Very At the same time it will be undor-Tramway Company (and more es Ross, Lo Kin Fai, A. Murdoch, E. the truth of the attitude of Mar- likely I shall divide my time atood working expenses also tend pecially along a paralled route) than Ezia. A. B. Bumjahn, Chan Han shal. Feng in this matter."

between Canton and Nanking." to increase.” We have had in ope (Continued on next "Column). Po, Kwok Sz Eoy, and T. G. Weall,

"It is reported that the Canton Political Council will be abolished

#1

THE ACCOUNTS.

Those Present.

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Holdalls

*

Linen Bags

Rug Straps

Key Purses, Pocket Wallets, Hair and Clothes Brushes, Collar and Handkerchief Boxes, Pipes, etc.

We allow 10% Discount for Cash..

Without

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