1931-07-13 — Page 2

JUST ARRIVED

A SHIPMENT OF

TUBORG BEER

TUBORG

Purveyors to The Royal Danish

Court.

The most popular Danish, Beer

on the Market.

Per Case of 4 Doz. Qts, or 6 Doz Pts.-$30.00. Duty extra.

· SOLE AGENTS':

GANDE, PRICE & CO., LTD.,

WINE & SPIRIT MERCHANTS, St. George's Buildings, No. 2, too House Street,

Hong Kong. Dial 20135,

Hong Kong Weekly Press

The Colony's Finances

Floods and War in China

The Anti-Red Campaign

Mr. Pepys in Hong Kong

Local Sport:

Baseball, Bowls, Tennis, Water Polo, etc.

and

Other Interesting Features.

- է. 1

THE PAPER WITH THE YELLOW COVER.

Price -30 Cents.

Annual Subscription: Hong Kong, 813; Post Free to any address, $18; Quarterly Subscription, 84.50.

Order

be sent to the

HONG KONG DAI

TELEPHONE: 30251:

PRESS, LTD.,

11, IOE HOUSE STREET.

HONG KONG DAILY PRESS, MONDAY, JULY 13, 1931.

FAR EAST IN PARLIAMENT.

NEGOTIATIONS IN CHINA,

June 18.-In reply to Mr. Ward- law, Milna (Kidderminster, U.), Mr. Henderson said that he was still awaiting a full report from Sir Miles Lampson upon, the con- versations and negotiations carried out with Mr. Wang, but he could not, at this stage, give an under- taking to publish it when it was received. Moreover, until politi cal conditions in China made it possible for a fipa, agreement to be concluded, it was not desirable that the rests so far reached in the negotiations should be made public:

Seizure of Canton Customs. Sir K. Wood asked the Secretary.

THE PROCEEDINGS AGAINST LORD

KYLSANT

HOW THE PROSPECTUS FOR £2,000,000 R.M.S.P. ISSUE WAS PREPARED.

ALLEGED INSTRUCTIONS TO CHANGE “BALANCE” TO “PROFIT.

LONDON, July 18."

Further evidence for the Cravi

..

Approved by Directors... was given at Guildhall yesterday, Mr. David Inglis Conradi, secre when the hearing was continued tary of the R.M.S.P., mid that it before the Lord Mayor of the sum-whs at a inceting; of the court of monses against Lord Eylaant and directors in June,, 1929, that it was creat an additional Mr. Harold John Morland, arising resolved to out of the affairs of the Royal Mail £2,000,000 of 5 per cent. Debentare stock and offer it for public sub Steam Packet Co..

The sunimims against Lord Kyl-ription. The prospectus was pat for Foreign Affairs whether he was rant, allege that he chairman and before the Court and approved. aware that the Canton Government managing director of the RM.S.P., Lord Mayor: Was there any dis hnd seixed the Customs, and bad in May, 1927, and May, 1998, he ension of the method or means of ordered the Commissioners to handmade, circulated or published, or the company to pay the interest on over to Canton daily a sum repro concurred in so doing, annual re- the £2,000,000 7--As far as I can senting the surplus over the ports of the directors of the com-recollect, the point was not raised. Mr. Fulton: Was it the general amount required for the service of pany for the years 1920 and 1927, the foreign, loans; and whether he which he know to be false in a practice of the company in prep was taking any steps in the mat-material particular, with intent to ing a fresh prospectus to use as the deceive the shareholders of the com-bneis generally for it a copy of an Mr. Henderson: My information pany. Mr. Moriend, the auditor old one-Yes.

ter.

. է!

thorities instructed the Customs aided and abetted, him. Bank

|

LESSON SERMON,

FIRST CHURCH OF CHRIST, SCIENTIST HONG KONG.

"Secrament" was the subject of the Lesson-Sermon in all Churches of Christ, Scientist, on Sunday, July 12

The Golden Text was:Jesus saith unto them, My meat is to do will of him that sent me, and to finish his work."'-(John-4;-34.)

WILD OATS AT OXFORD.

(Continued from Page 1.)

"Let Us Drink and Ba Merry.......

To disbelieve the history of the Bible is not necessarily to disprove the spiritual truths of religion, but the latter are apt to be dis

credited by the exposure of the',

Among the citations which comformer, and many young men to prised the Lesson Sarmon was the day throw out the baby with the following from the Bible:And bath water and proclaim morality he came out, and went, as he was 1 2 3 wont, to the mount of Olives; and to be an imposture and religion a his disciples also

aples as followed him, fraud, because, geology has showy And he was withdrawn from them that the earth was not created in about a stone's cast, and kneeled six days. down, and prayed, Saying, Father if thou be willing, remove this cup from me nevertheless not my will, but thine, be done." (Luko-23; 39,41,42 ), "Kena

..

S

Moreover, morality to-day must stand upon its own legs; it is no longer bolstered up by the systema of supernatural rewards and puni- The Lesson-Serijon also includ-shments upon which the roligībuā ed" the following passage from the Christian Science, textbook of the past have laid such stress, Scienco and Health, with Key to Young people are frankly derisive the Scriptures," by Mary Baker of both, and, seeing no prospect of Eddyf all the ever partook divine compensation in the next of the sacrament had really com memorated, the sufferings of Jesus world for the wine and kisses that drunk of his cup, they would morality bids them eschow in this have revolutionized the world. If one, taken in theory, more or less all who wek his commemoration unanimously, to the wine and I have no first-hand knowledge through material symbols will tako.

is that on June 10 the Canton au-of the company, is alleged to have Lord Mayor: I should like you to tell me whether this prospectus orde finally issued you submitted to

the auditors before it was issued

which would continue to be dealt concurred in so doing, a prospectus that it was, but I believe it was up the 'croas, heal the sick, cast out

!

kisses.

evils, and preach Christ, or Truth, Thus the religious indifference Do you remember evidence given, to the poor,the receptive thought, which characterises the attitude to I think, in this court that the pro-they will bring in the millenium." life of young people issues spectus was held back until the (p. 34-) auditors' return'1-Yes, sir.

Therefore it was held back for the purpose of submission to the audi- Lord Kylsant is represented by tors-I havo no first-hand know Mr. Wilfred Lewis and Mr. Mor-ledge, my lord, as to the exact rea land by Mr. F. J. Tucker, Mr. son why it was held back. Henry O'Hagan and Mr. Elder Jones hold watching briefs for the R.M.S.P. Company.

You do not confirm the evidence that already was given that it was held back awaiting the return of the auditors I heard it was."

EIGHTY CALIFORIANS

די

VISIT HONG KONG.

practical, epicureanism, which Ends

in "Let us eat and drink, for to TOmorrow we die the only acceptable

guide to

o conduct. Such an atti- tude, whatever it may, mean for a

at Canton to hand over daily is also alleged against to them all Customs revenue other Kylsant that on June 20, 1968, he than the proceeds of the cla 6 per

made, circulated or published or cent. tariff and the tonnage duce,

sir. with by the Commissioner of Cuswhich he knew to be false in a toms as formerly. The Commission-material particular, with intent to induce persons to entrust or ad er of Customs sequiesced in this

vance property to the company. situation, subject to a formal" Counsel for the prosecution are protest. The matter is not one in D. N. Pritt, K.C., and Mr. Eus which his Majesty's Government theo Fulton fedis enlled upon to intervene.

International Silver Conference.. June 18-Mr. L. Smith (Hal lam, U.) naked the Chancellor of the Exchequer whether ho could now state what answer the Goy. Mr. Charles Samuel Lewis, now

Did Auditor Approve? ernment propose to give to the chief accountant of the Royal Mail

Mr. Tucker: Hnd not your lord, invitation to Great Britain to take Steam Packet Company, said that

or June 8, 1923, he was assistant ship in mind My Fritt's opening Included in the party are Mr the legend of the excesses of modern part in an international silver accountant, and Lord Kylsant sont rather than anything given in ovi. E. Sweet, Millionnaire Real youth. It is a legend which the conference; and whether, the pro-for him, Mr. Cason, the accountant, dence 1

Estate Operator, accompanied by posed conference would take place being away on holiday.

Lord Mayor: I rather think Mrs. Sweat; Mr. Allen W. Ash Young and flattering-it has Becur Mr. Fulton: What did he say that is quite possible. What I barn, prominent Attorney, accomed for them a greater measurs of in London:

Mr. Snowden: No invitation to to you Be informed me that he wanted to find out was whether the panied by Mrs. Ashburn, and Mr public attention than young people proposed to make an issue, pro-auditor approved this prospectus George O'Connel, Millionnaire have ever received before-and they such a conference has been receivably of Debenture stock of the with that statement in it before it Oil Operator..

o their best to Beep it alive. The ed, and the second part of the ques-company.

went to the printer and was finally This will be Mr. and Mrs. Ro-ticle in the Isis is only one bertson's 24th trip to Hong Kong. tion accordingly, does not arise.'

Then he handed you a document tissurd to the public.

manifestation of this laudable en- He dictated a paragraph to n

deavou clerk in the room, who typed it and brought it into the room. It was then handled, to me.

Linking YOUR

product

to

A. Gestetner

(Eastern), Limited.

5, NEW BANK BUILDING,

"DES VŒUX ROAD CENTRAL.

'Phone 25358.

the buyer's mind

When you install

Gestetner you have a means

of linking your product to the buyer's mind

consistently. A Gestetner

is

firmly,

of

a proven means

reducing Printing Bills and

a useful aid to progressive

selling.

D. GESTETNER (EASTERN), LTD.

E, NEW BANK BUILDING, DES VOLUX Road Com

Plesso send us fall particulars of the Gortetner and its application to our business without cost or obligation en

Why Funds Were Required.

1

Mr. Theker: Appearing as I do for Mr. Morland, I would respect fully point out that Mr. Morland is

Due to arrive at Hong Kong mature sago, involves for the youth July 18 on the MV Asama Maru, of the twentieth century a contemp- under the direction of the D. F-tuous repudiation of those inhibi- Robertson Travel Bureau, 409

tions and restraints which the nine- South Spring Street, Los Angeles, will be a party of Eighty Cali, teenth century complacently termed fronians.

ors and is responsible for itsmorais,

Lord Mayor:

Is there any not a party to this charge in resminute approving the prospectus pect to the prospectus,

Lord Mayor: I am perfectly

Mr. Lowis produced the para-well aware of that, but I think it graph, which Mr. Fulton read as is cssential that we should know follows:

that this document was issued

prior to its issue to the public?

Mr. Conradi: Yes.

Mr. Arthur Henry Milbourne, secretary of the Union to genera "The audited accounts of the all persons interested before it was Castle Steamship Co. and formerly companies show that during the issued and if not on whose authori private secretary to Lord Kylsant, said that in 1928 he made, on Lord past ten years the average profits, ty was it issued f

Kylsant's instructions, arong including profits of the insurance Mr. Tucker remarked, that that draft of the prospectus, using the fund, after providing for depre- would have to be elicited by evi-draft of the previous prospectus as eiation and interest on debenture dence.

do

Some Sobering Thoughts. The legend, I feel, was always truer in theory than in practice. I frequently observe young propie of outrageous opinions behaving with exemplary propriety. Moreover, I think that of recent years there bas been a diminution even in the outrageous opinions. There has, I am told, recently been something stock, have been sufficient to pay Mr. Conradi stated that, in July, Referring to certain manuscript of a religious revival at Oxford.

1028, the court of directora appro-alterations on the printer's draft, Whether this is so or not, a new ved the allotment to the stook! Mr. Milbourne said that the words seriousness seems to ane to have holders and shareholders of the as-annual balance available" had crept into young people's attitude sociated companies of £1,100,005, been-substitutod for the work of life They may knock the bot and to the general public of

"Profit" Lord Kyleant instructed £893,000,-

interest on the present issue more than so many times 'over."

a basis.

Mr. Fulton: Was there any con versation preceding the dictation of that document-Yes, sir: I cannot give you the actual words. Lord Kylsant propused to make an issue of Debenture stock, probably 3 per cent. Debenture stock. Lord Eyl sant asked me for what purposes we required funds..!!

What was your answer to that That we had a bank overdraft and that the then new building was drawing upon our resources, and we had to provide funds for that,

you instructions before you told the professions, and and the pro Mr. Fulton: What would that your assistant that these words fessions overstocked. For the aver and that there were one or two

amount to -1 do not-know." were to be added I-Yes, Lord MARQUES

ago there is nothing but an office, loans from certain companies which

If the dividend paid on the Kylsant.

for the athlete there is nothing but might require to be repaid. Be-Ordinary shares fell below 5 per Prior to those instructions being deren prote yond that 1 do not remember any cont. Lord Kyleant received 2,000 given to you Lord Kylsant had an schoolmastering; even for the ex-

interview with Mr. Morland 1-Yes. coptional man, the chance of specific item

him to make the change. tom out of the universs in theory, Lord Bylant's Remuneration.

Mr. Milbourne, said that there but they live in open morality in influence is Referring to certain minutes at a was another, insertion in the hand-practice. A sobering meeting of the proprietors of the writing of one of his

sietanta:

the growing uncertainty as to the R.M.S.P. held in 1907, Mr. Conradi “Although this company, Lin com:

future. DATA said as from Jan. 1, 1906, if the mon with other shipping com company paid dividends of 5 per panies, has suffered from dopres Never has it been so dificult even cent. after writing, off depreciation sion in the shipping industry for the best educated to earn a liv2 Lord Kylsant received as chairman That was put in on his instrueng Men spend four years at Ox- remuneration based on 5 per cent. tions.

པས བ--

of the gross takinga of the com- Mr. Fulton: Had anyone given papy A

ford or Cambridge: qualifying for

Mr. Lewis stated that Lord Mr. Fulton was submitting a Lord Mayor: Was it over place in law, politice or the Home

number of figures to Mr. Conradi, plained to you why the alteration Kylsant anid that the paragraph be when Mr. Tucker/suggested that, to should take place -No, my lord." Civil Service is remoto. The pro-

Another insertion said: “No un-spect exerts a steadying influence- had dictated was for incorporation save time, Mr. Conradi might ex-

and makea mon work harder in the proposed prospectus. On amine them while the Court was derwriting commission has conforta

the whole than they ever did bo Lord Kylsant's instructions. Mr. not sitting and later submit them will be paid."

Mr. Fulton: It is unusual, is it fore. So far from modern youth, in bulk Távirate that he got out

to make an issue without The Lord Mayor, agreed that this being underwritten

responsiblep figures and delivered them

that their responsibili know Lord would boviu 'adidirable"plán).

(Continued on near Column.). Kylsant's house that

do

hearing was adjourned.