1930-03-31 — Page 6

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THE HONG KONG DAILY. PRESS, MONDAY, MARCH 31, 1930. VICTORIA RECREATION CLUB ROWERS. A. S. WATSON & CO.,

KEEN STRUGGLE IN MEMBERS' SCRATCH FOURS

RACE.

OLD TIME ROWING INTEREST REVIVES.

Perfect weather and an ideally smooth sea Invoured the Scratch Fours Rowing 'race for members, held by the V.R.O, on Saturday afternoon. For the past few weeks rowing bas, been the chief topic of conversation among the younger section, who have become very much rowing minded." Daily practices have been carried out in all seriousness by the crews of the four boats, so much so, that a member of one crew was sent to hospital, suffering from a collapse after an allout trial.!!

The race was due to take place at 4 pm, and the crews arrived prompt on time and rowed out to the starting point- No. 1 bao-just off Kellet Island. The course chosen was from No. 1 buoy to the Club house, a distance of three-quarters of a mile.

The Crews.

The following composed the crews of the four boats, the first named taking the outer position:-

BOAT No. 1 PANSY." Stroke.-S. A. Marcel (10

Capt.

R. Silva Netta (142). M. Berruex (140).. B. Gosano (130) Cox.-J. Luz (105).

BOAT No. 2 DA187." Stroke.-J. M. M.

Capt.

lbs.),

Alves (141),

S. F. Edgar (153). J. A. Victor (151). J. Neves (108). Cox.-F. B, Lenfestey (123).

BOAT No. 3 * LILY." Stroke.-H. W. Maynard (148),

Capt.

F. T. Winterton (183). H. . Remedios (135). M. M. de V. Soares (148). Cox.-F. M. Silva (126). „

BOAT No. 4. "Porry,"

Stroke.-H. R. Pinna (198).

H. Graca (140). L. Soares (160).

J. A. de V. Soares (149),

Capt.

Cox.-A. F. Gladstonë (120),

The Race.

The tide was just turning in! favour of the race by the time the honta reached the starting point, they were brought smartly into line and sent off in a very good and even start: Boats Nos. 1 and 2. were first away with No. 1 slightly in the lead. No, I using a short stroke soon got their boat on the move and shot ahead with No. 9 and N. 3 in hot pursuit. Boat No. were slow in retting off the mark owing to a slight misunderstand ing, but, however, were not losing any ground.

Boat No. 1 maintained its lead for the first 100 yards and were palling short but powerful strokes doing as many as 30 to the minute.

PRESIDENT JEFFERSON'S

MISHAP.

AGROUND FOR 22 HOURS

NEAR SHANGHAL

However, "boat No. 3 were getting down to it and although pulling a slower stroke were closing in on the leaders. Passing HAS. Suf folk at about half distance, No.. beat had still maintained the lead Boats but were obviously tired. Nos. 2 and were indulging in a private tusale, at close quarters, | while No. 3 was now abreast of the leader. Nearing the Club House, the bow of the leading boat sud- denly "crabbed" his oar, and be fore the crew could get going again, Mayuard's crew (No. 3) had. gone ahead and they held their advantage to the end, winning by a length. Meanwhile boat No. with J. MM. Alves stroking, bad gained on the former leader and finished third only a length and 'a half behind. Boat No. 4 were un- able to make good the handicap of their bad start, but finished very close to the third.

The winners' time was 3 minutes 40 seconds, which betters the time made by the winning crew last year. The race, on the whole, was a very even one, and the crews finished very fit,

Messrs. J. Stewart (Secretary) and Hyndman acted as starters. while Captain Masson, RA, kindly acted as Judge from the Club

house.

A dinner was held in the Club on Saturday night when the prizes were distributed by the Hon. Sec.

Interport Cruise.

The V.R.C. are making great efforts to regain the position they once held in the Colony is rewing and the members are showing ad- The Club are mirable keenness. entering teams for the forthcoming Interport Closing Cruise to be held by the Royal Yacht Club on April 12, when the competitors in the Rowing will include crews from Canton. The V.R.C. have entered boats for the Senior and Junior Four Oars, and Senior and Junior Pair-Onrs.

IMPORTS AND EXPORTS.

CHANGES IN LOCAL ORDINANCE.

In the recent issue of the Getrre The American mail line liner ment Gazette is a notification that President Jefferson went aground the order or regulation relating to near Block House buoy in a dense the export of aircraft, ammunition, fog at 11 a.m. on Tuesday March arms, explosives, saltpetre and sul 25. She remained aground for phur made by the Governor-in- Bune 22 hours, and then was able Council and set forth on page 727 to refloat herself without aid as

of the Regulations of Hong Kong, there was a rise of some 3 ft. of 1844-1924, under the heading Pro- water. As far as is known nohibited Exports," is amended by the addition, at the end thereof, of the damage occurred and the liner ar rived in Shanghai on Wednesday. following proviso:- (She is now in Hong Kong)

where,

Provided, however, that this re- The President Jefferson left Seat-gulation shall not apply to any tle on March 8 and, except for of the above mentioned articles somewhat rough weather in the crossing, arrived at Woosung with- out incident on Tuesday morning, A dense fog hung over that area

and the vessel proceeded at reduced speed to go aground as above stat-

ed.

|

LIMITED.

LAST YEAR'S DIFFICULTIES REVIEWED.

DROUGHT AND CIVIL WAR REDUCE PROFITS,

The forty-fifth annual ordinary general meeting of Messrs. 4. S. Watson & Co., Ltd., "was held at the Hong Kong Hotel on Saturday, March 29, at 11.30 am. Mr. Henry Humphreys presided and supporting him were the Hon. Sir Shou-son Chow, M, A. H. White, Mr. A. B. Stewart, Mr. J. Scott Harston. (directors) and Mr. J. A. Tarrant (secretary).

Shareholders present were Mr. J. D. Humphreys, Mr. W. Morley, Mr. J. M. Wong, Mr. F. Stapleton, Mr. G. E. R. Divett, Mr. E. D. Law rence, Mr. D. Wilson and Mr. A. Stevenson.

CHAIRMAN'S SPEECH. The Chairman addressed the meeting as follows:-.

Gentlemen,-The report and state- ment of accounts having been in your hands for the past eight or nine days, I propose, with your per mission, to take them as read.

I regret that we have to come before you this year with a less satisfactory report than for some time previously,

con-

Generally speaking, business in the Colony has not been good, and I have to echo the remarks made by the Chairman at the recent meeting of the Hong Kong and Shanghai Banking Corporation, that not until settled conditions obtain in China, especially in the South, can we hope for much improvement in our trade locally, or at Canton. One factor which caused a siderable falling off in our business was the shortage of water resulting from the drought experienced dur ing the first half of the year 1620; also, the ensuing months of the year were unusually cool and rainy, both of which conditions affected sales in our aerated water busincas. We had figured that the output at our North Point factory would be con- siderably more in 1929 than 1928 and had increased our staff with that expectation in view. Unfortu- natels, the opposite was the case, the output being considerably less and the charges more.

How Water Was Obtained. We first had to obtain water by

towed lightere, from the Peart River, and then to construct a pige line and dam to obtain fresh water at Rennies Mill, Junk Bay, and to arrange for its special transport, all of which put the Company to very great expenses. We also had to transfer a good portion of our export business to Canton, and this greatly militated against profits. But for these factors, we could certainly have recommended paying to share holders dividend of 8 per cent,' and placing something to reserve fund.

Small additions to buildings at Pak Hin Hok. Honam Island, Can ton and at North Point will have been noted.

The accounts otherwise call for but little comment, stocks in trade show a considerable decrease as compared with the previous year, but altered conditions of business to some extent account for this.

Properties' Enhanced value.

In connection with the accounts I would, however, like to draw your attention to that part of the Auditors' reports which states that no depreciation has been written off buildings. Your General Man agers and Directors were" unani- mously of the opinion that this was unnecessary in view of the fact that all our properties have enhanced in and in transitu on any vessel value, and apart from that, large: hond file cargo and entered on the amounts for additions and exten manifest; and

sions during the past ten years aggregating 8160,500 have been charged to building improvements. and written off.

(a.)-Such articles are consigned to some place outside the Colony

(6.)-Such articles are carried on in the importing ship or are tran shipped from one vessel to another, without landing thereof in either. case; and

:

Wireless messages were sent to the Dollar line offices and it was emphasized that no danger existed

The working account of our. Can- and that for the time, being no as

ton branch showed a loss, indicat sistatice was required. A soft mud

(c.)-In case of such tranship-ing that we have not yet recovered bank was the vessel's resting placement, the articles, if reasonably altogether, from the boycott, in capable of being packed, are in un- Canton at least. Again, the Can- ton branch suffered more than we broken packages, and

did in Hong Kong from the cold and rainy summer, though it was not troubled with any water dificul ties

and with the rise in the water she had little difficulty in getting off.

Indeed, some passengers were not aware that the vessel had been aground.

A Honeymoon Couple. The liner's arrival at Shanghai was the signal for great enthusiasm by some of the community. On board were Mr. and Mrs. Peter M. Boutrass returning to China on a honeymoon trip. Mr. Boutross left Shanghai some two years ago and is a member of the American Lace,

Embroidery Association. Gather- ed on the Customs Jetty as the liner passed were the whole of the local American lace exporters who had commissioned a sampaa-to fire off a large quantity of crackers. The lace men later einbarked on the tender and went upstream to the Dollar wharf to meet the vessel. Those on shore threw their hats in the air; Mr. Boutross threw his into the water in response to challenge and the demonstration culminated in the meeting on deck. Mr. ET. Basha is president of the local lace association and was sup ported by all the members and their

Wives.

:

(In case such articles are car- ried on in the importing ship na aforesaid, notice thereof, together with particulars of the articles, is

We are not in a position to given to the Inspector General of transfer any cum to reserve fund, Police at a reasonable time before which now stands. at half the the departure of such ship; and amount of the subscribed capital of (c.) In case such articles are the Company. We trust, however, transhipped as aforesaid, notice that the dividend of 10 cents per thereof, together with particulars of share recommended will, under the the articles, is given to the Inspeccircumstances, be considered satis tor-General of Police at a reasonable inetory and be approved. time before the transhipment.

AN OLD HAND.

BANISHEE GETS 12 MONTHS.

KAIPING HOUSEHOLD COAL

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LINSTEAD & DAVIS, CHARTLERD ACCOUNTANTS, ALEXANDRA BUILDINGS, HONG' Kono,

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F. H. SMYLY, Manager.

Cable Address: “ PERPETOTTY.".

KLIM

POWDERED

ADVICE FOR INVESTORS.

READERS are reminded that inquiries relating

to the share market. ure answered on page 11 every Tuesday by Kalan Let ters abould be sent to this office, and must be accom panied by writer's name and' address, not for publication. Letters should be addressed

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THE SILVER SCREEN.

· LIVELY COMEDY AT THE QUEEN'S.

Skinner, Steps Out," the all- talkie comedy at the Queen's, is preceded by an equally amusing comedy provided by the small folks of the screen under the "Bouncing Babies.”

William Henry Skinner is played by Glen Tryon, and Merns Ken. nedy, in the role of the trusting young wife "Honey, makes an agreeable companion in sustaining the humorous situations which fol....... low in the efforts of the couple to advance themselves in life. Told to get out of the office, he hides the fact from his wife. Events follow quickly when the husband is forced into Society by the ambitious wife, and he becomes, popular ana orchestra leader and auctioneer at Mr. S. T. Butlin, A.C.A., were re: a charity bazaar. elected auditors at a remuneration The new partner in the arm, a of $750 a year each, on the proposal, society friend of the Skinners, of Mr. J. D. Humphreys and seas the young man reinstated an the counidence of his once irate Mr. E. D. Lawrence.

There was no further business superior, and he is given the post- and tho Chairman announced that tion of salesman ou a salary, far "dividend warrants' would be really exceeding expectations. The fun is

supported by a strong cast,

I have no further remarka to make, Gentlemen, and I now pro

OTHER BUSINESS. pose the adoption of the report and statement of account as presented. On, the proposition of the Chair- After these have been duly second- man and seconded by Mr. F. Staple- ed, I shall be pleased to answer ton, the Board of Directors con- any question in relation thereto, to sisting of the Hon. Sir Shou-son Chow, Kt, Mr. A. H. White and the best of my abilityatement of Chow, Kt, Mr. AHL.' White and A man who had been banished accounts were adopted after they. Mr. C. Bernard Brown, A.C., and from Hong Kong for life was had been seconded by Mr.A. arrested on a charge of stealing. Stevenson, who said: I have plea some property from No. 209, Hen sure to second the report and state nessy load, and sentenced to terma ment of accounts as presented. totalling 12 months' imprisonment. There is nothing further to say as His record showed that he bad once the Chairman has already elucidat before served a sentence of 19 ed certain points such as shortage months for returning from banish of water, etc. ment in 1921.

(Continued at foot of neat column).. on Monday.

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