1932-07-13 — Page 4

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HONG KONG DAILY PRESS. WEDNESDAY, JULY 13, 1932.

INDO-CHINA S.N. COMPANY.

ACCOUNTS ANALYSED.

From the report and accounts is unaltered at £495,800, of which of the Indo-China Steam Naviga- half is in cumulative preferred or dinary shares and half in deferred tion Company, Ltd, for the year

ordinary shares; reserva accounts ending December 31 inst, i will be seen that the profit on voyages total £602,850, against £566,051; floating staff pension fund, which thowed an improvement on the figures for the previous year, when continues to be invested in the there was a loss, but it still leaves steamers of the Company, instead much to be desired. The directors of separately in gilt-edged Becuri Lies, is unchanged at £137,316; and report that the year began in very sundry creditors have, increased depressing circumstances, it ap- pearing as though the difficulties, from £174,023 to £1,583. On the

TRAM MECHANICS

ON STRIKE.

SHANGHAI WORKERS ASK FOR LEADER'S RELEASE.

༄་་ ༈

WORKERS IN NANTAO RESTLESS.

Shanghai, Jaly, 9.-Contrary to the declaration of a general strike of the Labour Union of the French Tramway, Electricity and Water- Works Company, conductora, motor men and workers of the waterworks

.

of 1930 would continue throughout other side of the account, the and electricity worka remained loyal the yesterday. The strike effected only the whole twelve months, says steamships, etc, stand in

books at £1,478,000, against the 700 mechanics, while the majo Fairplay of June 16. They add: "To make matters worse, the £1,579,304; sundry debtors aggrerity of the clerks, who did not ap- devastating floods in the Yangteze gate £215,017, against £128,602; and prove of the movement, returned to Valley throughout the summer dis. investments and cash amount to work. located our river services seriously, £148, aganist £8,815.

The trouble started early on With regard to the feet, which Thursday morning, when a go-slow and it was only during the last. quarter of the year that conditions Consists of 4 steamers totalling strike was declared by the merha

The workers proceeded to generally took a turn for the bot 1,091 tons gross, standing in the nice. ter." The past year's working re-books at just over £10 per ton gross their union premises in Nantao in sulted in a profit on voyages of for vessels averaging about 18 years the afternoon to hold a general £24,332, which compares with a loss of age, it may be pointed out that meeting, and have stayed out since of £18,188 in 1930. After adding on the assets side of the balance then. It was reported yesterday sheet there is a "Note" which that preparations are being made the balance of £408 from the pre- vious year, transferring £74,178, states that "certain steamers, are by the mechanics of the Nantag and mortgaged against the debt due to Tramway Co. to take concerted ac- rom contingency account

the general managers, and others tion. £14,819 from building account, or

Officials of the local Party Hend- A total of £89.207, against a trans- to the trustees for floating staff pen. fer of £138,000 from contingency sions." Whereas in 1919 the quarters and the Bureau of Social account a year ago, 'deducting £0,105 deferred ordinary shares of the Affairs have started an investiga for general charges, etc. (against Company were quoted on the Lotion into the affairs. In order to £7,309), £04,030 for depreciation don Stock Exchange at £87, and (against £100,073), and £6,192 in. it was reported that £100 per share had been offered to the managers terest (against -£0,442), there is o balance of £1,050, which the diree and refused, to-day the price is only tors recommend be carried forward about £1 16s., against £1 10s. a year to the current year's account. No age and £3 19. Ed. two years ago dividend is paid on eithe the The balance-sheet, however, shows preferred or deferred thares, the that the Company still has reserves former being six years in arrears, of £90,825, after over £2,000,000 while nothing has been distributed, had been taken from various re- serves in the past twelve years in on the latter shares since 1921,

order to meet losses in trading and

K. M. A.

CERAMIC & REFRACTORY PRODUCT

CLINKER

PAVING,

BUILDING

& FIRE. -BRICKS

STONE-

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PIPES &

GLAZED TILES

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THE KAILAN MINING ADMINISTRATION DODWELL & CO., LTD.. Agents, Hong Kong

CHINESE BANKERS BOA WITH A GLASS

THANK S.V.C.

APPRECIATION OF SERVICE

DURING RECENT

HOSTILITIES,

EYE.

SUCCESSFUL OPERATION AT THE LONDON 200.

Dr. Burgess Barnett, OM.Z.S., The Chinese Native Banks' Asso appointed by the Council of the ciation of Shanghai has written to Zoological Society as Curator of the Shanghai Municipal Council ex. Reptiles, in succession to the late prossing thanks for the protection! Miss Joan Proctors has returned afforded by the Shanghai Volunteer from Peru, where he has beer

The letter states:- Corps during the recent Emergency, medical officer to the Lobitos Com

pany, to nasume his duties at the have formed a strike committee of strengthen their action, the strikers

34 members and a party of 30

"During the Sino-Japanese con-

Reptile House, London,

Dr. Barnett had a distinguished pickets. Though the services of the flict in Shanghai,this Association Company remained uninterrupted was in danger of being maleated, career at St. Bartholomew's Hos- throughout the day yesterday, It was through your co-operation in pital, and served as a bonorary walk-out of the workers of the traffic stationing Volunteers at the en-enptain in the R.A.M.C. during the trance of our building that we were War. He is a keen naturalist, and department was threatened.

put in a position to carry on our has devoted much attention to rep business as usual. We appreciate tiles and amphibians. He has sent your service and wish to express many South American smkes to the our thanks for the protection afford-Zoo, and was elected a correspond-

Main Reason of Strike. As the Company has already con-

The directorz state that the value depreciation. It almost looks as if sented to continue to grant $200 to of silver continued very low for the given a few more years of depres the workers' union per month, the led by the stationing of the armed ing member of the society some

greater part of 1931 and "affected sion, the whole of the assets will main reason of the movement of the unfavourably the sterling equi- he wiped out by depreciation and strikers is to secure the release of valents of the balances of steamers' losses on running. No indication Hau An Mei, ex-committee mem- working accounts, even more so than is given by the directors as to whe-ber of the union, who is now serving in the previous year. These in 1931 ther the fleet stands in the books sentence of ten years and six were converted at an average rate at more than the market value, but months' imprisonment on charges of of exchange for the year of 18. Ofd., it will be noticed that the auditors being a Communist. In connection compared with is. 4d. in 1950 and

give their certificate "subject to the Is. 10d. in 1929. Compared with allocation of part of the reserve the balance-sheet at the end of the accounts in further capital depre- previous year,

the paid-up capital i ciation of the fleet.?

The following figures show the financial position of the Com pany in 1913, in 1920, at the beginning of which year we were at the top of the shipping boom, and on December 31 last:-

Capital

Ordinary Preference

Debentures

Reserves.....

Sundry creditors

Steamers

Sundry debtors, etc.

Investments and cash

Tonnage

with the demand for his release, the management has refused to do anything on the ground that the authority for his release rests with the court.

Delegates were again sent by the strikers to interview the manager with a view to continuing negotia- tions on their demands. As a reply to their demands had already been given them the day previous, the representatives were not received,

The agitation among the Nantao

1013.

1920,

£

£

247,045

247,045

247,045

247,945

1931,

£

217,048 $47,945

212,250

sil

63,450

2,895,201 802,820

38,832

188,467

£41,683

095,307

021,365

101,070

227,782.

48,100

2,722,690

$1,705

83,014

1,470,000 210,017

3,148 91,081

were turned down by the manage-

The subjoined table summarises the Indo-China Company's figures for the past five years :--

1931 £ 247,945 2247,045 247,045 247,945

Capital-

Ordinary

Preference

Reserves

1029

1039 £

↓

£ 217,043 217,015 247,045 217,945 247,945 247,045 1,113,742 1,113,695 1,041,033

1930

Sundry creditors,

loans & deposits

888,054-602,826

329,007 101,000 173,871 174,023 241,083 Book value of fleet 1,828,005 1,749,429 1,078,039 1,570,364 1,478,000 Debtors, investments

and cash Prodt or loss on

voyages Transferred

from reserves

Of which-

279,784 279,283 190,359 134,417 220,763

+82,400 +185,187 +81,445 -16,180, +27,332

$4,017 138,000 28,007

47,000

nit

Transferred to de-

preciation Dividend

Ordinary Preference

101,582 101,983

ik wil

19% Tens Tons

Fleet

gross 109,000

87083

TO STUDY AIRSHIP

· PROBLEM.

BRITISH REPRESENTATIVE GOES TO AMERICA.

London, July 7.-Britain has not

102,376 100,073 91,959

nil nil

nil

· nil· ni Tons Tons Tons gross gross groan $9,630 .D9,309 00,061 01,081

Air Ministry has sent a leading expert in the person of Squadron Leader R. S. Booth, on a special mission of observation to the United States.

It is stated that he has been sent to study airship development and,

men."

!

years ago, in consideration of the The Secretary to the Council has assistance he had given. He was a friend of the late curator, who, replied:-

"I have to thank you for your a few days before her death, atated letter of July 4, conveying your her hoped that he might be per-

vices rendered to your Association generous appreciation of the ser-suaded to succeed her. by the Shanghai Volunteer Corps during the recent crisis.

"Your remarks have been convey ed to Colonel N. W. B. B. Thoms, the Commandant, and through him to the members of the Corps gen- erally."

DEATH OF S'HAI BANKER.

MR. BRITT FRANKLIN

Dr. Barnett brought with. him as gifta to the society a collection of living animals from Peru, including foxes, a small monkey, a toucan,

and several cases of small reptiles and frogs.

Snakes when in health shed their skins at ́intervals, the discarded epiderims coming off as a 'complete, transparent cast of the whole body, including the eyes. Sometimes there is difficulty with the sheath that

tramway workers assumed a serious KILLED IN CAR ACCIDENT. should peel off from the eyes, and

aspect yesterday when the demands

the snake has to be assisted. The

eye-cover-

becomes blinded. A Madagascar

ment. At a meeting of the workers News has been received in Shang- late curator developed a high skill held in Nantao yesterday after hai of the death in a moter car in this delicate piece of surgery. noon, drastic action was discussed accident of Mr. Britt Franklin, of Sometimes, however, the but the men dispersed without the National City Bank, who was ing remains adherent, and the shake reaching any decision.

on leave at the time. The accident, The demands of the workers are occurred on June 1. that the six workers, believed to be hirelings of Chu Shao Chi, the tralije inspector, should be dismiss ed by the Company, that a general increase of wages be given and that the traffic inspector be discharged.

A spokesman of the Company, in reply to the demands of the work ers, said that the question of the

This was done successfully under dismissal of the six workers should

From the fact that a cigarette a local anaesthetic, and the snake be referred to the Chinese autho rities for decision, and that the wae in his hand and a box of recovered its health and spirits, traffic inspector had been transferratches was found a short distance and began to feed regularly; a sure red to another department in the

baa, a rare and very beautiful Mr. Franklin was travelling on the highway from. Statesboro to snake, in the Reptile House recent- Motter in the State of Georgia, only was so affected in that way and his way home to Register. He left in such obvious pain that the con- Statesboro at 1230 am en Inne I'

sulting honorary opthalmologist to and about a half hour later was found pinned under the rear of his the society decided to remove the overturned car seven miles from | eye-ball. Statesboro, quite dead.

Company's service. Owing to the away it was deduced that he was sign of good condition in serpents. lose suffered by the Company as attempting to light a sigarette when But the empty cyo-socket was un- a result of the Sino-Japanese hos his car srack one of the small piles sightly, and the ophthalmologist tilities, he said, the Company was not in a position to grant a general increase of wagen.

FOREIGN IMPORTS INTO CHINA.

TAX TO BE LEVIED ON GOODS FROM SEPTEMBER NEXT,

of clay which were hosped at inter-conceived the idea of fitting a glass- vals slong the road, and overturn-eye. A bead of suitable size, shape, and colour was selected, and it was ed, pinaing him underneath.

Mr. Fraklin, had been three years found possible to slip it into posi- in China and served the Nations!tion under the epidermal ah City Bank in branches at Shanghai, The experiment was successful, and Hankow and Peiping. He had many the bon, whose other oyo had nob friends in those placer who will re been affected, was not only quite grot his tragic end, He had been well, but quite good to look at. It set aside all idea of mastering the

Nanking, July 8-Beginning from granted nine monthe loavo, of ab has now moulted, and the artifioiat nirship problem since the scrapped new American airship Akron. September 1, all foreign, goods im-

ported into Chim must be endorsed sence when he met bis death, which eye has, of course, come out. Its the R-100 after the disaster to the Squadron-Leader Booth visited by the Chinese consular officials at would have expired in August and presence has caused no damage of R101, which crashed in France on Germany in April and was among the various original points of exe her way to India and was totally the passengers who travelled to port, it was announced today. It is understood that he was not any kind to the socket, and the beal

A charge of five Customs Gold destroyed.

Pernambuco, Brasil, in the Gral Units will be made for each manis intending to return to service in in due course will be replaced under

fest sheet endorsed by the officials. this country

the new film

if possible, to take a fight in the

It is announced to-day that the Zeppelin.