1932-08-11 — Page 4

New

Two colour Sports Shoes

White and Brown

Black and Grey Brown and Tan

Black and White

Ideal Shoes for wear with Summer Clothes.

Light in weight, comfortable lasts in all sizes

from 4 to 10.

MACKINTOSH'S LTD

NESTLES

MALTED MILK

Each

MORNING

DISE

ISPEL that tired feel. ing-a stimulant is recommended; one that will ensure the realisation

of physical fitness essential to success in business and social engagements. In such cases. Nestle's Malted Milk is indicated, for it will react favourably on the entire system. A concentrated tonic food with a high nutritive value due to the very careful blending of energising constituents-pure, full cream Milk, Malted Barley and Wheat. Made under strict hygienic control, the vitalising properties of the ingredients are retained.

Nestion Halled Milk is easily soluble in either hot or cold water, and therefore taker but a few moments to prepare..

NESTLE'S MALTED MILK

GLOUCESTER BUILDING

(THE HONGKONG LAND INVESTMENT CO., LTD.)

Hongkong's

Fashionable

Rendezvans

Old English Bar Overlooking the Harbour

MORNING COFFEE AND AFTERNOON TEA SERVED IN THE AIRY LOUNGE ON 8th FLOOR

SPACIOUS DINING ROOM OPEN TO THE GENERAL PUBLIC FOR ALL MEALS. DELIGHTFULLY COOL DISTINCTIVE APPOINTMENTS.

Single Rooms, Double Rooms and Suites, all with Private Bathrooms by the day or month. With or without "Board"

Entertain Your Friends

In the cool of the:

Evening on the t

Gloucester Terrace

far above the City's

Healand Noire.

P. L. NEWMAN,

Manager.

Cable Address:-" GLOUCESTER.”

Tel. 28128.

HONG KONG DAILY FI

PRESS. THURSDAY, AUGUST 11, 1932.

HONG KONG ENGINEERING AND

CONSTRUCTION CO.

DIRECTORS' FEES TO BE INCREASED.

ARTICLES OF ASSOCIATION TO BE

ALTERED.

The Hon. Mr. J. P. Braga presided at an extraordinary gon eral meeting of the Hong Kong Engineering and Construction Co., Ltd., which was held in the board room of Messrs. Shewan, Tomes and Co., yesterday when a proposal to alter the Articles of Association of the Company was unanimously carried after a somewhat lengthy discussion,

Supporting the chairman wore Messrs. J. Scott Harston, Lo Cheung Shui and L. Kadooris (direutors), A. It. F. Naven (gruer- al works manager) B. Alves (Becretary) and Mr. R. A. Wadeson. (rolicitor). Share holders present wore: Messrs. Choa Wing Hay, H. Braga, K. Stuart Smith, J. Gould, S. J. M. Figuerledo, C. P. Marques, M. H. Lo, M. K. Lo, J. V. Braga, A. M, Braga, F. L. Silva and Chan Kam Moon.

m

AN AMENDMENT WITHDRAWN.

CHAIRMAN'S SPEECH.

Addressing the gathering the ! Chairman said:-The Resolution which I have to put before you for- consideration and approval rends as follows:-

That the Articles of Association of the Company be altered in man- ner following:-

(a) By the deletion of the whole of Article 08 of the company's Articles of Association and by the substitution of the follow. ing Article is its place. US. From and after the first day of January, 1932, each

Director other than the

Managing Director shall be paid by way of remuneration for his services at the rate of $2,000 per annum and such remuneration shall be deem- ed to accrue de die in diem and shall be payable by half yearly instalments;

By the Company's Articles

n year.

Director other than the Managing Director shall be paid by way of remuneration for his services at the rate of 82,000 per annum and such remuneration shall be deem ed to accrue de die in diem and shall be payable by half yearly instalments.

If shareholders have any com ments to make thereon or any ques

tions to put in relation thereto, I shall be pleased to reply to any re- marks which any of you may feel inclined to address to the chair. If passed at this meeting, the Resolu- tion will be submitted for confirma- tion at the meeting advertised to take place on Friday, August 20, 1972, at three o'clock in the.

afternoon.

An

MR. GOULD'S AMENDMENT.

Mr. Joseph Gould moved neadment to Mr. Braga's resolu tien to the effect that from and after the 1st day of January 1033 each director other than the manag

the Directors by reason of the Company's new activities.

I have been concerned 11.5 a Director of Companies for nearly thinty years, and I think I can honestly claim that I have never received or sought to receive re- muneration as a Director which the circumstances in connection with || my services did not fully warrani— ' indeed I can go further and say that, in the case of many companies, I have done far more work than I have been paid for.

Having voiced my views as above, ¦ I shall, pursuant to my arrange- ment with Hon. Mr. Braga, re- train from voting against the Amendment, and I would add that in doing so, I am bearing in mind the fact that it was solely by reason of Mr. Braga's efforts that this Company was rescued from pardi- tion.

AMENDMENT WITHDRAWN. Replying, Mr. Gould said he did not wish to imply that the Direc tore' fees were unwarranted but as' the Company was just getting on its fect, he thought that the action was rather premature.

Following seme discussion, Mr. Braga said that he would like to bring three points to the notice of the meeting. The first was that in 1930 the Company wished to g into voluntary liquidation; the at cond point was that when the direc tors thought of a building scheme, some of them offered to give per- sonal security and the third point was the forfeiture of a substantial

amount for underwriting fees in connection with the new issue,

he had no knowledge about this Mr. Gould then intimated that

and he wished therefore, to with- draw his amendment,

The original resolution was then Put to the meeting when it was carried unanimously.

Something Special for the Children!

Children's Special Service Mission.

.

The CHILDREN'S SPECIAL SERVICE MISSION intend to hold their activities here this year, starting on AUGUST 16 at REPULSE BAY, A SPECIAL BUS will leave the STAR FERRY at 3.30 p.m. every week day, returning from Repulse Bay at 7p.m. (rélurn fare 202.) The C.S.S.M. was started over 50 years ago for work among school boys & school girls of Great Britain and since then has spread to many other parts of the world. At this time of the year it is well-known at the seaside resorts of the English Coast.

A Children's Service will be held on the beach every day, and there will be bathing from the C.S.S.M.'s two tents, games, pienles, and an occasional excursion.

WATCH FOR THE

RED BANNER!

GUARD

THE CHILDREN'S CORNER

NEWSPAPERS.

DEAR KIDDIES,-

edited by UNCLE JACK.

DO YOU KNOW OUR CONTINUED STORY THAT:

THE BALLOON BOY. Field-Marshal ig the highest.

In moving his amendment, Mr. Gould said he would like to know whether it was the intention to in- crease the number of directors.

In these wonderful days of rank title in the British Army and Mr. Braga replied that for the automatic telephones, motor cars, only bestowed on royal personages PAUL climbed the oak tree, higher and higher. He was up to the present they had no intention of alectric power, neroplanes and and generals who have attained first branch. Wriggling along it

many other inventions, we give great distinction,

carefully, he stretched out his arm. little or no thought to the plain Rebus is a kind of word puzzle, He could just touch the string. He

gently he tugged,

doing so, but he could not say what steps would be taken in the future.

Mr. Gould's amendment.

of Association, the maximum numing director shall be paid by way ber of Directors is eight. of renumeration for his services at Actually, there

the rate of 82,000 per annum, andį five Direc Arc tors on the Board at present, such renumeration shall be deemed including the Managing Director. to accrue de die in diem and shall The practical effect of the Resolu. be payable by half yearly instal- Lion, if you see fit to adopt it, and mont. if it should be confirmed at a sub sequent meeting, will be the increase of the Company's expenditure respect of Directors' fees (other thin the Managing Director's re- muneration), with a Board com- posed as it is at present, of 81,000

Fees Inadequate.

Mr. K. Stuart Smith seconded and quite ordinary daily news where ipictures of things are given i caught his finger in it; then very papers. Nevertheless newspapers in place of words and letters For Now he had the balloon in his Since the company's capital re- organisation two years ago, and MR. SCOTT HARSTON.

are not so very old. They, first ap. example: Two rams and a gate, peared in Europe during the 18th may represent the town Ramsgate. your later adoption of their pre-

Mr. Scout Harston enid :-1

contury. The first publication in posal to initiate a land and build-

would like to say a few words with England was the "Publick Intel ing development scheme, the cutres and responsibilities of the Direc

regard to the Amendment which has ligencer," established by Sir Robert just been proposed by Mr. Gould. | L'Estranger in 1843 (less than 500 tors have been very largely increas,

When the subject matter of this years ago), The "London Gazette" ed. For some time past your

Amendment was first mentioned to succeeded this paper in 1046. Pos- Board has felt that a feo of a thousand dollars a year for each me by Hon. Mr. Braga (the Com- sibly the "Daily Press" of more Director is altogether inadequate pany's Managing Director), we had interest to us in Hong Kong. This

a discussion upon it, and in defer: paper was established in 1857. and they ask your authority, by

Cheerio, virtue of the Resolution now sno-ence to Mr. Braga's views, I agreed that if auch Amendment were press-

UNCLE JACK. mitted to you, to increase their fees

ed, I would refrain from voting to bring them more in accord with the extent of time and work devot- against it, but I intimated to Mr. Braga, and I desired him to so in ed in your interests.

form Mr. Gould, that I trusted the We think, it will be admitted that the old scale of remuneration Amendmeat would not be proceed.] is not nearly enough when due reed with because, to my mind, if it gard is bad to the altered condi were, the fact thereof would be re- tion of the Company's business. Having said as much as I have done, I feel I should add, on be half of the Board, that the adop tion of the Resolution will be left entirely in your hands, in the be.

GENERAL KNOWLEDGE

QUESTIONS.

Are you observant?Do you 180 grobtable, as the policy involved your eyes 1-Do you notice little therein not only constituted an un unimportant things and remember warranted reflection

the them? Here is a little test for upon Directors in putting forward their lief that the shareholders will resolution for an increase of feen, concur in the sense of justification but would not result in any ap which has prompted your Board to

move for the alteration in Article preciable saving to the Share 63 providing for the payment of in holders. creased remuneration for the ser vices of your Directors. I may add that the proposed increase has the approval of Sir Robert Ho Tung, who, though a Director, is also the Company's largest shareholder,--

The Resolution.

1

I formally move the following Resolution

That the Articles of Association of the Company be altered in manner following:-

As, however, Mr. Gould has insisted upon proceeding with the Amendment, I desire to state that the request for a retrospective in- crease in the Directors' fees emanat-- ed from myself and received the

who although also a Director of the concurrence of Sir Robert Ho Tung,

holder. Company, is its largest share.

Not Excessive.

(a) By the deletion of the whole In putting forward my request, of Article 98 of the Company's 1 did so in the knowledge that the Articles of Association and increased remuneration asked for by the substitution of the was in no way excessivo in view of following Article in ite place. the large increase in the amount of

you.

*

1-How long doca one side of a 10-inch gramophone record. tako to play?

2.-Which way does Queen Vic- toria face on a cain of her teign?

3. On which side of a gentle- man's soft hab is the bow ? 4.—When is the King's Birthday.

Is there a date on a five cent pieca L

You know the Kind, Explorer: "From the Chiness frontier we pushed into, Tibet."

Sympathetic Lady: "We had a car like that."

Guaranteeing --Bupply. Baby (bolding out her

plate

Too

98. Fron and after the first werk which has for some consider for her favourite, padding: day of January, 1032, each able time past been entailed upon mach, please, Mummy!"

The name of Aldershut is 'n par petuated, rebus, the arms of the town including an older treo and

little heaps of ah!!,

Zenith is the highest point of the heavens immediately above where the observer stands,

Egg. Most people believe that an egg is full of nutriment, where as netually two thirds of it is water,

POUR LES PETITS

"✪ que je suin fatique" dit -Jeanne-Mais bien sure-ti £8. -fatigué,”-dit-Human-belest-déja sept heures et tu dois te-ennelier a siz heures et demi."

(Translation to-morrow,)

Genius. Customer: "Have you got Dr. Embonpoint's..book, How to Get Blim '"The y

Bookerseller: "No, madam, but how about your taking Dr. Slen- der's book, How to Get Fat,' and xeting against his directions t

fingers. And there was something tied on the end of the string-a packet, wrapped in waxed paper.

Slowly and carefully Paul wound the string around bis finger and slid down the tree again with the balloon. Then he sat down under the trop to rest and to find out what message this run-away balloon had brought him. Untying the packet, Paul fastened the string of the balloon to the bottonhole, of his bluuse. Then he took off the waxed paper and opened the folded note inside. This is what it said:--

To the one who finds my balloon: I live in a big city.. In the summer it is very hot, and I am always thinking of the country, and bow cool and green it must be out there,

My mother and I live in two rooms. Sho sows and I sol papers after school. We can see the sky from our window, for we are on the fourth floor, but there are no trees near it, and no grass, unless we walk a long way out to the park.

There is a fire cscape outside our window, and when the nights aro so hot that we can't sleep, Mother and sit out there and watch the stars and tell stories.

I have no pets yet, for they couldn't live upstairs. But some day perhaps I shall have a dog to play with, and 1 pat every uno L'seco

I got this balloon from old Tony who sells balloons on the corher across from the one where I sell papers, I will tio this note to the string, and let it sail away. I'm hoping that it will come down in the country, where there aro fields and flowers.

Perhaps some other boy will fnd it, and if he docs, will he write me letter,and tell me who he is? *

Your unknown friend,

EDWIN ELY. £3, Cutler Coart, Ashmont