1930-06-19 — Page 3

THANK GOODNESS LAM INSURED!

This might be your Car and with you in it !

Insure against Accidents

with

THE GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORP., LTD.

For information apply

AGENTS:

J. H. BACKHOUSE, LTD.

TEL No. 7759.

1A, CHATTE Boad..

LATEST GRAMOPHONE RECORDS

are obtainable at

THE WING ON CO., LTD.

(Music Department).

CENTRAY THEATRE

Paramount's Sound Pictures R

10-DAY at 2.15, 5.10, 7,15 and 9.20 P.M.

LAST FEW DAYS

Please make your Reservations Early.

HEAR Dream Lover" My Love Parade

Paris. Stay the Same 'Let's Be Common Nobody's Using it Now

a Gramount Pictur

UTTERLY de

lightful, en. trancing, enrap- turing!

saya The

New York Daily News. Hear Che- valier sing. Sec him make love. In this mirthful mus ical-romance of a... beautiful queen.

MAURICE... Det sk

CHEVALIER

The Love Parade

AN ERNST

LUBITSCH

PRODUCTION

JEANETTE MACDONALD LUPING LANE ULUAN ROTH

A SUPER-PRODUCTION AT POPULAR PRICES.

Ar 2.15 P.M.

Time and Prices:

At 5.107.15 PM.

9:20 PM.***

427

$1.00, 70 Crs & 50 Crs. $1,20, 80′′Crs& ̄ 60 CesTM: $1.50, $1.00 & 70 CIB,

STALLS" FOR" LD BROWS

SERVICEMEN: 50 074 Bookings at Anderson Music Store and at the Theatre (Telephone 25720),

HONG KONG DAILY PRESS, THURSDAY, JUNE 19, 1930.

THE MINUTE THAT SEEMS A YEAR

By GLUYAS WILLIAMS

TWO LEADING MEMBERS OF THE TUESDAY AFTERNOON BRIDGE CLUB DISCOVER THAT THEY

HAVE MADE THEIR SPRING DRESSES

OUT OF THE SAME MATERIAL!

THE BALLOT-BOX.

STEAMBOAT SHARE- HOLDERS TO POLL.

"RECENT MEETING

RECALLED.

On Tuesday next, June 24, share- holders of the Hong Kong, Canton and Macao Steamboat may--if they desire to do so-vote for or against à resolution proposed by Sir Robert Ho Tang and seconded by Mr. Li Tse Fong, the text of which will be found below, together with brief synopsis of what transpired at the "extraordinary general meet- ing called to consider the resolu- tion. The meeting aroused con- siderable public interest at the time, and the result of next Tues- day's poll will be awaited with in

terest by many.

vote.

(Copyright, 1930, by The Bell Syndicate, Inc.)

SLUYAS WILLIAMS

HONG KONG

ALL LIGHT HYDROCARBON

We stand for peace. But if other NEW TAXATION FOR interested parties would not per mit us so to conduct our business as to extricate the Company from its present position, which has to depend for its future prosperity. and indeed its existence, upon a powerful competitor, whose strength goes on increasing from year to year, I, for one, say that to pre serve peace at such a price is un- thinkable, and were the Company to do so, its future would be hope- leas."

Frior to the meeting Sir Robert had sent to shareholders a circular in which his views on the farming out system were set forth in detail meeting the Chairman, the Hon At the extraordinary general Mr. C. Gordon Mackie, in defend ing the farming-out system, pointed out that siace its adoption the Company's dividends had been materially bigger. He painted out that the farmer gave many facili ties to the Company which the Company itself would have had much difficulty in acquiring, not t mention the considerable expense incurred na well To operate the Chinese freight business, the Com- pany would have had to consider

OILS AFFECTED.

FIRST READING OF BILL

TO BE PROPOSED:

Oil companies will be not a little interested to learn that at Thurs-

day'a meeting of the Legislative Council; the first reading will be proposed of a bill entitled," An Ordinace to provide for the taxa. tion of light hydrocarbon nila.".

The objects and reasons of the Projected Ordinance are set out

below:-

1-The object of, this Ordinance is to tax, with certain exceptions mentioned in section 8 (3) and (4), all light hydrocarbon oils used in the Colony.

It has been difficult to ascertainably increase its staff," employ A drawback equal to the amount steamer's compradores as well as of the duty will be granted in re- precisely who may or may not vote, but presumably those who held their staffs, cargo-brokers, pastage-spect of oils on which the duty has shares in the Company on the day brokers, and cargo-coolics.

been paid, if such oils are export- As to the absence of competitors ed. Necessary regulations provid of the extraordinary general meet- ing and who still hold shares onto the farmer, the Chairman ex-ing for drawback are contained in Tuesday next will be entitled to plained that the farmer had car the first schedule to the Ordinance.

ried his work cut efficiently, and

-The amount of the duty is bad honourably discharged all his obligations to the Company for a 15 cents per gallon, but provision period of 11 years. It was pointed is made in section 7 for varying the out that the farmer's organisation, same.. which had served the Company so well in the past could, if the occa sion arose, be a factor resulting in unnecessary competition.

According to an advertisement elsewhere, the transfer books of the Company will be closed from June 29 to 24 inclusive.

The "Farming "* System,

I will be recalled that following the annual general meeting of the The Company's co-operation with Company on March 7, an extra: the China Navigation Company for ordinary general meeting was held the last 31 years was also referred at which the following resolution, to. It was stated that Messrs. proposed by Sir Robert Ho Tung Butterfield & Swire had informed and seconded by Mr. Li Tse Fong. the Board that they were of the was carried:

opinion that departure from the present policy would be a grave mistake; and if the decision of the directors of the Steamboat Com- paay is not confirmed, the China Navigation Company taight enter- tain other farming arrangements.

Speeches were made at the meet ing by Mr. T H. R. Shaw and Mr. P. Lauder, supporting the Chair

(a) That the policy of the re- newal of the farming-out of the Chinese freight, and massage husí- ness of the Company's steamers to the same farmer, in view of the fact that the farmer is himself a competitor of the Company's busi ness, is prejudicial to the interests of the Company; and

3-A convenient title for the Ordinance is the Motor Spirit: Or dinance, 1830.

4.-The Ordinance follows closely the provisions of the Tobacco Or dinance, No. 10 of 1918, as amended by Ordinance No. 3 of 1929.

-Section 2 "defines hydrocarbon oils and light oils, and a list of light oils is contained in the fourth schedule to the Ordinance. The de- finitions are adapted from section of the Finance Act, 1928. (18 and 19 Geo. 5 Ch. 17.).

6.Sections 3, 4 and 5 are based on the corresponding sections of the Tobacco Ordinance, 1916."

7.-Section 6 (1) and (2) impose duty at the rate of 16 cents per (b) That accordingly the direcman, and by the Hon. Mr. J. Pgailon on all light oile imported tors he and are hereby notiñed that Braga and Mr. M. K. Lo support into the Colony after the coming it is the wish of the shareholders ing Sir Robert Ho Tung. Mr. Le into force of the Ordinance and on of this Company that the directors in bis concluding sentence asked all light oils imported before but should abandon the anid policy, and the meeting whether it was reason landed after the commencement of] should adopt a new policy of either able for anyone, to act in the the Ordinance. giving preference, as far as possible gelic" manner in which the Com-

don-competitive tenderer for pany's farmer had acted1 the farming contract, or run its It is understood that recently steamers on its own account. Mr. Woo Hay Tong has given up The resolution, it will be recalled. the farming of the Chinese freight was carried by 12 votes, the num and passenger business of the Can. bers being 34 in favour and 22 ton steamers of the Company, but against. The Chairman then an-that at the request of the Directors nounced that in view of the fact carrying on with his organisation If hydrocarbon oils be imported that the Directors did not approve an agent on behalf of the Company the resolution, and in view of the until the appointment of his succes fact that a number of shareholders sor. also shared in the disapproval, a poll would be taken.

to

U.S. JOURNALIST MURDERED.

OHICAGO "TRIBUNE" CRIME REPORTER SHOT DOWN.

[UNITED PRESE. ]

Duty is also imposed on stocks of light oils exceeding one thousand gallons held by any person at the commencement of the Ordinance. These two sub-sections are based

mance Act un section 2 of the Finance Act, 1928.

and manufactured into light oils

such light oils shall also par

duty, but if the manufactured

light oils are exported under

ALL

SINGING DANCING

WILLIAM FOX pevarte

BIG TIME

ALL TALKING

Toy Movietone Dianico: Book Sant Life and ine Hollyrevail Štafes

A small time dancer, with big tima idens is takon in by his own big headed

MIRA.

Vanity.

LEE TRACY

Mae Clarke Josephine Dun Daphne Pollard Stepin fetchit

Story by Hallen Suiss

Dialog by William K. Wills and Statsay Lanfield

Sengud by il M. Van Bur

MUSICAL

Mme. KURENGO.

AT THE

Directed by KENNETH HAWK3

QUEEN'S

AT THE

STAR

NEWSREEL

LATEST EVENTS OF THE DAY.

TO-DAY TO SATURDAY

At 230, 5.10, 7.15 & 9 20.

JOHN GILBERT

AND

GRETA GARBO

IN

"A Woman

of Affairs"

from the novel by Michael Arlen.

THURSDAY TO SATURDAY

At 5.80 & 9.20

DRAMA COMEDY! PATHOS!

ROD LA ROCQUE

IN

GIGOLO

with

JOBYNA RALSTON, LOUISE. DRESSER AT THE

TO-DAY TO SATURDAY

WORLD At 15 & 9.30 Only.

2.30 7.15-Chinese Picture, "Unrequited Love."

BROWN

FOR WELL

CUT SUITS.

Suits made by us are distinc- tively tailored from.

Finest Quality Mater- ials and are of Irreproachable CUT, FIT and STYLE and of Unequalled

Value.

2nd Floor 7, Duddell St, (opposite Cloapel) TZL 23056.

Shirts and Pyjamas

made to Gentlemen's

Requirements al Reasonable Prices

In proposing these resolutions Sir Robert Ho Tung pointed out - that he considered the farming arrange- ments then pertaining, detrimental to the interests of the Company, and that it was imperative that s radical change be made. Many share- holders of different nationalities, said Sir Robert, bad signified their

Chicago, June 9-An unidentifiance, 1918, as amended by Ordin 11. The first schedule contains approval of his views, and had

regulations relating to drawback, given him proxies which, including ed assassin who is believed probabance No. 3 of 1929.MASTE

0.-Section 35 empowers the Gover-general bonded warehouses, licensed his own holding, represented 17,228ly to have been a Chicago gangster of the total of 80,000 shares of the to-day shot and killed Mr. Albert nor in Council to grant to licensed warehouses and manufactarers and Company. These shares, added Lengle, crime reporter" for the importers, conditional exemption retailers licenses.

12The second schedule contains Chiengaibune" in subway from any of the provisions of the

mah ata verslin, 23 pidar this Ordinance.

LAIYU holdings of" and elsewhere,

have not yet been settled but the All wo ask." Bir Robert said, Col Robert E. McCormick, pres-object in view when settling them list of fees payable in respect of je that the Commany should be ident of the Chicago Tribune" will be to extend to well establish warehouses and licenses. -captain-of-ib.awn ship and master Co., to day offered a reward of ed oil companies of high, financial 14-The fourth schedule has of its own destiny. We are not G.825.000 for apprehension of the standing every reasonable facility already been referred to in para-

(Continued at font of next column). • graph 5 hereof. going to initiate a freight war killer.

an export permit, no duty is pay for the payment of duty without able. No duty is to be payable on unnecessary interference with the light oile purchased or imported as expeditious and convenient band|-| ships stores or on account of Hising of their oils

15.-Sections 26 to 61 inclusive are Majesty's Government or the Gov- ernment of the Colony.

respectively based on sections 37 to '8.--Sections 7 and 34 inclusive are 34 of the Tobacco Ordinence, 1916, respectively based on section 7 to as amended by Ordinance. No.3 of 36 inclusive of the Tobacco Ordin-1920.

tion.

TO-DAY ONLY.

At 2.30. 5.30, 7.20 & 9.20 p.m."

THECKLESS

With

BELLE

BENNETT,

Lois Moran,

James Kirkwood, Charlle Murray.

The year's big drama of mothers and daughters and family secrets!

AT THE

MAJESTIC

Nathan Road. Kowloon,

Showing for the FIRST TIME:

Hong-Kodg