1930-02-11 — Page 2

Haig

SCOTCH WHISK

JOHN HAIG & Co.Ltd.

(Owning Helg à Malg, Lit MARKINCH, SCOTLAND.

Consumers are requested to see that every bottle of John Haig Gold Label Whisky as supplied us bears the fout lalet thur: "Gands Price & Co., Ltd., Sold Agents for Hong Kong.”., SOLE AGENTS:

THE HONGAN DAILY PRESS, TUESDAY, FEBRUARY 11, 1930.

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Tel. C. 135.

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FOREIGN INTERESTS IN CHINA.

BRITISH OPTIMISM.

DOUBTS AND DIFFICULTIES, BUT QUIET CONFIDENCE.

count of oar China office accounts

general meetings of the Banque Industrielle and the Banque Franco-Chinoise that a settlement has been arrived at by which the Banque Industrielle's asscia have been preserved and its business re- constituted. Under these circum stances, I have no doubt but that the Banque Industrielle" will take the necessary steps to liquidate our debt without having to take further action in the matter. I am, there

as the Chung Yuan Company's affairs are settled. For the moment these negotiations are practically in abeyance, but our general manager in China, Mr. Porter, is taking every step possible to continue them. Mr. Porter has been untir- ing in his efforts to bring about a state of affairs to render a settle ment pible.

וי

FRENCH LEADERSHIP

IN FASHION.

WILL PARIS RETAIN ITS

SUPREMACY? .

THE ECONOMICS OF SIMPLICITY,

It is easy to imagine the economic importance to France of retaining. the world leadership in the designing and the making of everything that women wear. In Paris the question has not merely an economic but a social importance. For not only does" the industry support a large number of men, but also a very large number of young women and young girls, and if they are thrown ous of work, there is some fear that many of them will be thrown upon

The ordinary general meeting of Banque Industrielle de Chine. the Pekin Syndicate, Ltd., was held at the Cannon-street Hotel, Cannon With regard to the amount due to your company by the Banque In- strect, E.C., on January 15, Major dustrielle do Chine. It is note W. S. Nathan, C.M.G., the Chairworthy from the reports of the last man of the Company, presiding.

Mr. Charles Frice (the Secretary) having read the notice convening the meeting and the report of the auditore, the Chairman said.

Gentlemen, I regret that we

Government Sympathetic. could not held our annual general

As I have told you before, the meeting in December, but we found

Nationalist Government is synthe streets. it was impossible to do so on at

pathetic, and as soon as it is able

It may not appear at first sight not only being delayed by the diff

to do so, will assist us in our that in a country where unemploy development. Recently the Minis ment, as a whole, is so com- paratively negligible as in France culties we have had to contend with;

try of Mines and Mr. Porter ar the danger of these young women but by having to forward the ac- counts by the longer route vid fore, relying on the Banque to en-rived at an understanding on the starving or going to the bad for However, there is very great. Amerien instead of by the Siberianable me to report to you at the broad principles which should want of some sort of employment next meeting that a settlement-bas govern a new arrangement. These would undoubtedly be a good deal principles were submitted to the of economie disturbance if the French fashion trades were to de- Chinese Government and were ap- proved by the Executivo Yuan,cline, and it is not surprising that a Paris evening paper is opening which speaks for the Government an inquiry into the best nieans of as a whole. Although I cannot for preventing such a decline. the moment see the end of these dieult and lengthy negotiations, I think the prospect of a satis- factory. settlement is nearer than it was a year ago.

Profit and Loss.

bren effected..

I repent, as soon as the Province of Honan cordes under the definite authority of the Nationalist Goy ernment, a settlement, which we to much look forward to, will be facilitated.

Unfclälled Hopes.

In Daily Use

over all the world

cura

SOAP

MEDICINAL TOILET

THOUSANDS of women have come to regard Cuticura as the true natural aid. to a lovely skin and attractive hands and hair. Regular daily use of Cuticura Soap, assisted by Cuticura Ointment when required, purifies and beautifies the skin, cleanses the scalp and keeps the hair live and glossy,

Sample each Sou, Olnument and Talcom free. apon request, from Dayton, Price & Company, Limted, F. O. Box 650, Shanghai, tr Gold Throughout the World.

THERES A LONG, LONG TRAIL

Bags, Flens. Flies, Beetles, Mosquitoes,

e etc,

·Odd 'killed by

KEATING'S

BEITERU

MADE

COOK "HEIRESS TO £400,000." REMARKABLE FALSE PRETENCES CASE.

route, which, owing to the diversion pid Japan in consequence of the

Military Interference, trouble on the Chinese Eastera Railway, takes almost as long. During the year the political With your permission, I will follow situation has not tended to help us

The trouble, it appears (accord- the usual practice of taking the rein regard to the reopening of our port as read, but before I formally mines. The Province of Honan,

ing to the Paris correspondent of the Observer) is twofold the grow propose the adoption of the report where our minds are situated, has

nowing simplification of women's dress and accounts for the year ended been in a condition of continual

and the growing inclination of other countries to originate their own June 30, 1928, I will, as briefly as change throughout the year, and

fashions instead of copying them possible, give you some particulars has been under the military dicta

from Paris: The first trouble to of the various items in the balancetorship of the army officials for the

some extent produces the second. sheet and profit and loss account.

time being in occupation. The con-

For if dress is simplified, it becomes Meanwhile We Аге more and more possible for it to be trol by the Central Government over the Province has been very keeping continually in touch with made by those who have mechanical Turning to the profit and loss slight, and the Provincial Authori- the Provincial Government in Kai- accuracy without that additional account, on the debit side the Lon- ties have not been in s position to feng, where a member of our Euro-touch of individual taste which has don expenditure is £14,073, as com exert any effective authority over pean" staff is stationed for that pur- always marked the Paris ouvrière- pared with $14,333 in last year's local affairs in the face of the mili-pose. Here again I think the posi- at least that is what the dress account, Paris expenditure is the same, and China expenditure £7,017,tary. At one time, the Central tion has improved, and that the makers are saying now, although Government succeeded in placing Provincial Authorities will welcome many a husband must remember as against 8,400 last year, which an efficient managing director in a settlement of our affairs, enabling being told that "It may seem ex- pensive to you, of course, but you increase is accounted for by the charge of the Tao-Ching Railway, us once more to operate our mines expense of your directors' visit to and it appeared as if affairs were

to the consequent benefit of both don't understand, dear, that the China in September, 1928. The taking a turn for the better. We the Local Government and the peo-simplest dresses are always the most

difficult to make well." administration expenditure at our were able to send our chief engineer ple of the Province coal mines amounted to £28,328, as and another member of the staff to

The Vogus of Simplicity. against £32,873 last year, a decrease Chiaotso and Kaifeng, and by the

The "simplification which rules Since I last addressed you on of £4,335, and since the date of aid of a smell supply of railway making up our accounts this expen-cars disposed of some of our coal May 25, 1029, the state of affairs to day is, of course, unquestionable, diture has been further reduced.

stock. This enabled us to pay re in China has not changed greatly and it works in several ways The loss on trading in respect of gular wages to the small surface The Nationalist Government in Dresses use less material than ever your company's participation in

staff engaged for the purpose of Nanking, despite vicissitudes, still before, both in length and width, the Fu Chung Corporation was pumping, the fresh water supply exists, and at the moment appears and hats have no brims. Above £4,328, as compared with £37,712 in for Chiaotsa and providing power as firmly established as it was a all, there is no ornament-no fringes, fast accounts, a very considerable for the electric light plant. We year ago. The progress towards or braids or artificial flowers or decrease of over £33,000, due to the were also able to pay off some wages consolidation has not continued, ribbons or feathers; and thus half reduction of the administrative overdue, rental charges, etc., which however, to the extent I had hoped-dozen trades which require dainty expenditure and the reorganization had been accumulating.

for. The Tuchuns and their armiesingers are closed down.

Is the simplicity purely utilita of the corporation. There is an

The military authorities, how are still in being, and while these amount of £4,037 reserved against over, fell out with the director of military forces continue to exist, rian? Is motoring the encing which. our shareholding in another com- the railway, and he had to return sometimes in favour of and some has imposed close-fitting hats so an pany. On the credit side of the to Nanking. The supply of cars times against the Nanking Govera- not to move in the wind, and short profit and loss recount, the receipts censed and the sales of coal were ment, a state of peace in China over skirts so as not to get in the way of the controls If so, will the derived from dividends on invest- reduced to what could be sold local long period cannot be expected.

drcasmakers and the modistes be "She told the history so well." ments, interest on loans, deposit ly, which produced only sufficient accounts, etc., amount to £32,342, to pay the bare wages of the staff.

Chairman's Optimism as to

powerless to react against it!. leaving a debit balance of £26,142. Things appear to be improving

Fiture.

Those who fear that it may be said Mr. Borrows. "that Miss Wil- which has been carried to profit and slightly at present, and late news

an roint out that women's dress has on was completely taken in, and loss account in the balance-sheet, a tells us of the appointment of an- My optimiam in the gradual fundamentally changed more in the allowed the woman to live at her house on the understanding that compared with £87,952 in last ac other managing director of the rail- development of the good elements last fifteen years than in the pre- she would pay for her board when counts, a reduction of £41,810. ways by the Nanking Government.in"the present Government, and in vious hundreds while that of men, she received her money. She bor In the meantime, we are still re- the general public, still remains, which was entirely altered during rowed, during the six months she taining the services of Mr. Sellers, and that in time we shall are better that century, has hardly developed lived with Miss Wilson,

Those who sums of money from her, and Miss the chief engineer, and Mr. Rogers things. When I say "in time," at all in our lifetime.

are more optimistic-from the dress- Wilson went so far as to stand at Chiaotso, and of Mr. Swallow mean that, although progress may

makers' point of view-recall that credit for her respecting goods Al- to deal with the Provincial Authori- slow, it will gradually develop. ties at Kaifeng. Our thanks are One of the difficulties in the way fashion is in itself nothing but len purchased to the amound of

to £148 due to theso. gentlemen for their of the Nanking Government is the change, and must continue

Allen. it was alleged, engaged a work carried out under very trying want of financial resources to enchange in order to remain fashion.

able it to exert its full authority They also console themselves by man on one occasion to ring up circumstances.

over the country. If the necessary looking. back into history, and Miss Wilson and represent that he funds were available, it would make by noting that rather more than a was the solicitor. telephoning from progress far more rapidly than is hundred years ago there was a Sheffield. the case at present. As financial other national upheaval which had aid must largely come from outside much the same effect on women's should be the aim of the Govern fashions as the war has had to-day. ment to encourage the advent of

Prospects of Reaction. foreign capital by scrupulously respecting their present foreign After the Revolution there was

The Credit Side.

In the balance-sheet, on the credit side the cash at bankers stands at £11,472, as against £3,479 last year, investments £398,725; as compar- ed with £335,460 Loans against security.£30,000, as against £130,000, the greater part of these loans having been called in during the year under review and re-invested. Railway and other loans in China As you are aware, the basis of are £28,044, as against £21,295, our position in China is the exist the increase being accrued interest, ing agreement for the formation of To comply with the new Companies the Fu Chung Corporation which Acta, which came into force last was arrived at in 1914. This agree November, we have to show our ment received the approval beth of

A Doubtful Partner.

A cook's alleged stories of mythi cal thousands to which she was heiress were disclosed at Liverpool police court last month, when An nie Elizabeth Allen, aged forty, described as a cook, was "accused of stealing £2 by false pretences from Miss Sylvia Wilson, matron of the House of Help, Grove-street, Liverpool.

Mr. Borrows, who prosecuted, said that Allan, who had been ac quainted with Miss Wilson for nine years, called on her last June and informed her that her godino- ther had died, leaving her £17,000. She stated that she was in com munication with a Sheffield aplici- tor, who had the godmother's affairs in hand. She then said that un- der her uncle's will she was sole heiress to £400,000.

"Taken In."!

various

Mr. Borrows said that Allen's fantastic stories were untrue.

Allen was remanded,, and whea asked if she wished to apply for bail replied, "No thank you. I

shares in other companies in two the Chinese and our own Govers obligations, and, as far as is in the same rush after pleasure, the have nowhere to go if I got bail"

items, viz. Shares in other com-

ments. The present position of the panies 208,351, and shares in sub Chung Yuan Company, our part their power, retaining their credit sans vogue for dancing. Women abroad. (Hear, hear.) I believe who had seen the guillotino at work sidiary companies £43,748, making

The Parisienne's Secret, a total of £142,000, as compared with her in the Corporation, is a very that this is the desire of most of the cut their hair short, "à la victime."

doubtful one. It is a Chinese com

The plans are laid long ahead, £143,137 last year, the difference pany; in which the Provincial Gov. members of the present Govern- Their dress changed from amplitude being the amount reserved in the ernment is a considerable share-ment, and I believe it will be the of the eighteenth century to the and perhaps some dictator at the profit and loss account.

Sundry holder.

The directorate of the basis of their policy. I dwell on exiguousnces and flimsiness of the back of the rue de la Paix hau debtors is £98,201, as against Chung Yuan Company is, rightly this phase of the situation, as it is styles of the Directoire and the already decided when and how the £85,166, the larger part of this sum or wrongly, araumed to have gone important to bear in mind that the Empire, when pretty girls damped fashion reform is to come. No representing the amount due to the company from, the Banque Indus against the pressut Yanking Gov policy of encouraging 'the entry of their ball dresses, so that they doubt the women will have a say in erament, and is consequently looked foreign capital, and consequently should ching more closely to the the mutter, if not quite as much as they think. Even the dictators. trielle de Chine. Stocks of coal on as hostile. The result has been of foreign trade and industry, figure, and the muslin robe of a THE GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORP., LTD. 236,324, as compared with £55,584, the taking over, of all the assets of should have good influence on the beauty could be passed through a admit that there is sometimes a wedding-ring. It was not long befashion which they fail to impose, the decrease being due to coal sold the Chung Yuan Company by the interests of the syndicate.

fore these fashions were swept away and heavy stocks are left on their during our financial year Mining Local Government, which, as I have.. Friendly Oficial Attitu

by the bourgeois reaction which hands; but that is the exception." stores £978, as against £3,502, the already said, has very little power

But will the dictators continue to reduction being due to stores used vis-a-vis the military authorities in In conclusion, I wish to inform culminated in the reign of Louis and further depreciation written occupation. The actual handling you that the latest telegraphic in Philippe, and the optimists look operate from the rue de la Paix? forward to a similar reaction to They appear to be in some doubt off. Capital expenditure on the of the company's affairs and its formation I have received from our coalfields is the same as in last commercial undertakings has been general manager in China, dated day; but they admit that it is on the matter, but I think they -year's accounts.

more or less under the control of January 0, is that the attitude of taking some time to show signs of have little to fear. The fashion supremacy of Paris is maintained, the local military authoritica. There the Chinese in the mines area is reviving. Suspenso Account.

are therefore two parties who are friendly, and he is convinced that Perhaps in reality the dress not only by French artistic taste Turning to the debit side of the contending for the control of the only the unsettled conditions pre-makers know more than they care and by the light fingers of the vailing are responsible for the delay to tell, and are preparing that French workers who can carry it' balance-sheet, there is no change in company. the first four items, that is: Share Under these circumstances, it is in arriving at a satisfactory settle reaction which they will impose out, while they also understand it, upon the fashionable world in due but by the Parisian women who capital, amount re-forfeited shares, obviously very difficult to re-estab ment,

I now beg to move" That the time. Few women probably guess wear the dresses. and the two reserve accounts. In- lish its position as a partner of the

I do not mean the Parisiennes

the terest and commission accrued, but Fu Chung Corporation, and until directors' report and accounts made how long beforehand changes in

most expensive not received is £74,418, As stated these, difficulties have been dealt up to June 30, 1929, be and the fashion are secretly prepared, The who wear

same are hereby received and materials which it will be the cor- dresses, for they can no longer in the report, this amount has been with and settled, I do not think we

fect thing to wear two years bezce afford them-at least, they say they put to a suspense account pending can start working our mines. I adopted.

that the Central Mr. Jacques Arnavon seconded are being prepared by the designers cannot, but in the present state of receipt of same. Sundry creditors understand £20,493, represents various out Authorities and the Local Govern- the resolution, which, after the to-day. Samples of them will be French prosperity I am not sure. standing accounts in London and ment are now making an effort to chairman had replied to questions, woven at Lyons and other places I do not mean the mannequins who was put to the meeting and carried tomorrow. These samples will be show them off for no doubt man- China Credit balance on profit rearrange the status of the com-

submitted to the leading dress- nequins as stylish can be found in and loss account £43,750. as against pany, and as soon as this is effected unanimously directors, Major. W. makers, who will cach choose one London or New York. I mean the £83,281 last year, which reduction the Fu Chung Corporation's agree

or two to be made exclusively for ordinary Parisienne of every class, is due to the transfer of the debitment can be again brought into S. Nathan, C.M.G., and Mr. J. balance in this year's accounts. force. On our side, independent Jadot were re-elected, and the him or her-the exclusivity lasting, who knows how to wear a cheap Auditors, Messrs. Cooper Brothers of course, only until copyist dress dress and make it look like an ex- £4,597 difference in exchange in negotiations have been carried on

& Co., were re-appointed.

makers reproduce the dress and hire pensive one. Women from other respect of adjustment of floating with the Nationalist Government in

A hearty vote of thanks to the copyist weavers to reproduce the countries will continue to be attract. assets and liabilities in China, and Nanking, with a view to preparing

ed to a town where every : women £8,860 depreciation in value of the ground for a mutual arrange chairman and directors terminated material.

and girl can do that. investments.

ment which can be applied as soon the proceedings.

We have now made arrangements to deliver HOUSEHOLD COAL on the following Terms, and would emphasise that Full Weight at Destination is gauranteed.

Selected Grade Lump Coal

UPPER LEVELS MID-LEVEL

CENTRAL DISTRICT KOWLOON

$21.00 PER TON

20.00 do. 19.00 do. 21.00 do.

Best Household Nuts.

(FOR KITCHEN. USE). →

UPPER LEVELS *MID-LEVEL

CENTRAL DISTRICT KOWLOON Terms: Cash with Order. Minimum Quantity-One Ton.

$19.50. Pza Tox.

18.50 do. 17.50 do. 19.50

ARNHOLD & CO., LTD.,

FRENCK BANK BUILDING,

Dza Vaux BOAD CENTRAL

The retiring

(Continued on next Column).