1933-03-22 — Page 6

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HONG KONG DAILY PRESS, WEDNESDAY, MARCH 22, 1933.

THE AGE OF THE EARTH

(Continued from Page 1.)

interior of China where old manu- script have been found. Unfor tunately there has not been a very great deal of detailed work done in Eastern Asia. As a matter of fact the only place whers these read is manuscripts have been Eastern Europe and the United States and considering what satisfactory history we have of the earth and one can see that when all the manuscripts available to men has been deciphered we will have perhaps the most satisfactory his tory in existence.

Was

P

TC-

WELS

In Ching there have been cognised manuscripts belonging to most of the chapters of volume 11, In the Colony of Hong Kong the latest rock we have met here are! rocks belonging to volume 3, chap- ter 2 and at that time Hong Kong

· Sediments under the sea. Iwere being laid down here on what is now land as they are being laid down in the channels just off the shores. At that time there some volcanic activity, submarine volcano for you have a lava in teraparsed with sediments contain- ing fossils. In the third chapter. of the volume things begin to be lively. You have great outbreak of volcanism and thicknesses of lava were poured out. There were heavy explosions and tremendous volumes of ashes were thrown over, it probably enough material was thrown over to form land. Then there was a great period of ignious intrusion, volumest material coming from the interior to overs lay this lava and that was the period of mountain building. The rocks in the stress of mountain building were folded and raised to a consider elevation above the sea.

MESSRS A. S. WATSON

& CO., LTD.

DISAPPOINTING YEAR REVIEWED AT ANNUAL MEETING

FAREWELL. TRIBUTE TO MR. HENRY HUMPHREYS

The forty-eighth annual general meeting of Messrs. A. S. Watson & Co., Ltd., was held at Hong Kong Hotel yesterday. Mr. John Humphreys was in the chair, and others present were Mr. J. Scott Harston, Hon. Sir Shou-son Chow, Et., Hezare, A. H. White, A. B. Stewart (Directors), J. A. Tarrant (Secretary), J. M. Wong, Peter Wong, V, P. Waters, G. E. B. Divett, William Paterson, F. 8. Stapleton, D. Wilson, J. D. Humphreys, D. E. Clark, O. Bemaid Brown, P. C. Potts, G. Fotta and Wong Kin Taci (Shareholders).

In roviewing the activities of the Company during the past year, the Chairman said that the accounts, compared with the pro- vious year's, must be considered disappointing. The reason for this decrease in profits, he said, was due to the prevailing financial depression..

After the report had been adopted, Mr. Scott Hurston paid a tribute to Mr. Humphreys; who is shortly leaving for home, for his excellent work for the Company. He said that Mr. Humphreys first came out to Hong Kong in 1889 and had been associated with the Company ever since, (Applause.)

DEVELOPMENT OF CANTON BRANCH

THE CHAIRMAN'S SPEECH

In moving for the adoption and statement of accounts, 'the Chair- man said:Gentlemen,-

to maintain our long established and extensive trading position.

The Accounts. Referring to the accounts before

I regret that I now come before you," in the assets column, the lol-

In the next chapter these high you with an account that, in com-lowing additions will be noticed- landa were eroded and cut into parison with the previous year's, re-nd and buildings $17,700, furniturṛ Valleys and then came another period of igneous activity and huge port, must be considered disappoint- and fittings 86,506, machinery and masses of magma came to the suring: I feel this, especially, as this plant $169,011 and building improve- ments $2,298, totalling $196,315. face. Some of them became vapor- is the last occasion that I shall pre-

Also stocks in trade and sundry stores are increased by $68,440, and sundry debtors shows an increase of $82,628. Over the previous sc- count. Of these increases, early

ous and overlied the roof-rocka side at the annual meeting of the

Mountain Building.

The

Company.

branch; land and buildings, and machinery and plant, of real neces sity for its expanding business. The increase in stocks in trade" und

In volume 4 came the second

Before reviewing the accounts period of mountain building. Again you have highly elevated now presented to you, I would like land that was eroded and condi- to remark that this Company'all occur in the Company's Canton. tions were continental and the business operations are spread peer climate was like a desert. topography became very like the a wide field, its expansion having present-day topography. Then been most marked during the past came another period of mountain twenty years. Profits have general.

sundry, debtors also are mostly building. At that time, Rongly responded to our activities, but

at Canton, and for a like renson. Kong, I think was a long way unfortunately the prevailing world from the coast in the Continent. wide business and financial depres 1 night hero explain that a fairly Most of the islands out the ocean sion has, of course, adversely affect large amoung of business in China which was formerly carried on hy are oceanic and were made by ed the Company's business, cepethe Company's Hong Kong estah, volcanoes but some of the Pacific Islands look as though they were cially in its more profitable depart.lishment has now been transferred

continental. The biologists who of the have been studying some plants and animals decided that:

ments. This factor is responsible in

to its Canton branch. The question. a great measure for the poor, re- salts shown. In regard to this of import duty being the important Company's business, this will be consideration. The increase in the some of these islands had living more readily understood when the amount of sundry debtors is almost) forms on them that could only have fact is appreciated that on account entirely due to this.

come from the Continent.

In the aerated water business, it of the lack of business during the Mr. Brock went on to say that past year or so, hundreds of thonia necessary to carry heavy stocks the sands of Chinese who had for years of bottles, cases and crates which he personally had been into

represent a considerable amount.- and there found continental rock venue and profit to the Company On deliveries being made to cus- and evidence of mountain building. have been repatriated from Indo tomers, their debit in respect there. Referring to Hong Kong again, China, Straits Settlements. F.M.S., of, considerably increases the item of sundry debtors during the Mr. Brock said: Then came, an- and the Dutch East Indies.

winter or slack season, on bottles, other period of, mountain building

Aerated Water Business,

etc., being returned to factories, and during that period there was

at Canton, the they automatically revert to stocks a vory great deal of outpouring of

Locally and lava, particular was it so in the aerated water business must be in trade" account, nad sundry- "seasonal." In the debtors" account is corresponding- North Eastern portion of the ter- considered as ritory. That changed the whole to year under review the season open-ly reduced. A considerable reduc pography.

ed most auspiciously, the month of tion in that respect has occurred May establishing a record both for since the closing of our annual sc Hong Kong and Canton. However, counts. I would mention inciden the incidente of the cholera epidemic tally that for the previous ten years at Canton in June last year ter- the Company'e direct, export busi inated what might otherwise haveness totalled about two million been a favourable season. Nearly dollars, and in respect of that large. sum not one cent was recorded is all the Chinese aerated, water fac tories closed down, but we felt a bad debt. justified in keeping our Canton Factory running. In Hong Kong and Kowloon, the aerated water. business showed diminished

interior of one of the Fiji Islands been a source of considerable re-

That is the last great event in the history here but since that time there has been a very great submer gence and a great deal of land has been drowned until only the higher parte are standing above the water Then you have a gradual rising and that is the condition of Hong Kong now. It has not bean steadily halt ed in a gradual elevation and there has been depression and re- élevation. In other words it has not been very stable. All this is land and islets are portion of the old lands that has been drowned.

the work of man like men

g

turna, due partly to the reflex ton of the Canton cholera scaré, and to the unusually cool and wet summer action.

Not so very long ago, about the

Adverse conditions of trade must time of the Han dynasty, there has bo acknowledged and faced, but in been people living here. Thanks to spite thereof, concentrated efforts

like Shollshear, Heely, and Schofield it have been made, and are continually has been found that some of the being made in all directions, and habitations of these men are still may assure shareholders that so

for as

Enowledge, experience, in the position where you can sec where the subsidence has been tal-efficiency and concerted endeavour are concerned, we confidently expect ing place.

Fr-Finn

As regards the diabilities sides of

the account, it will be noticed that

"local and general liabilities in the. East and London" show a decrease.

of $63,349; bills payable, wount outstanding, is decreased by $10,960, and security deposits" by $12,070 Totalling 688,372.

The additions to assets, ‘and the reductions shown in sundry abilities, are responsible for the heavy increase in our Bank aver draft, in spite of the new capital of $300,000 received early in the year. As previously remarked our Canton branch has been responsible for considerable capited and stock expenditure, amounting to about four lakhs of dollars, but your general managers and directors are convinced that it is quite justified

On the accounts prosented your

directors recommend that no divid

end be paid

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KING'S THEATRE

COMMENCING_TO-MORROW

Two who began in passion's reckless abandon defying a world gone ~ mad with hate!

FAREWELL TO ARMS

CHINESE PILGRIM- AGE TO ROME

|

HELEN HAYES GARY COOPER ADOLPHE MENJOU A Girlanvant Picture

LEGISLATIVE" COUNCIL

AGENDA FOR TODAY'S. MEETING

At to-morrow's meeting of the

•Legislative Council - the Colonial. Secretary will, move ---- di

Concluding Dr. Brock said: You

THREE CHINESE BISHOPS will find evidence of some of these movements in the fractures found

TO BE CONSECRATED in some of the more recent rocks. Dr. Brock told you that we

Official nows from the Apostolic That the Report of the Finance Sir William Hornell Return Thanks; ought to have at the University a department of geology. I can only

Delegation to China announces this Committee (No. 3) dated Manch a Chinese pilgrimage is now being 16, 1934, be adopted be In thanking the speaker, Sir say we shall be glad to have such William Hornell said that last a department if someone would put

wgazeed to visit Rome of the oc- The Attorney deneral will move canon of the Holy Yew record reading of age dogy-atere told that there were up the sannsy Aye that want de

The pilgrind, will leave. Hongdan te mend no rocks in the Shing Mun Valley,partment of law and apparently but now, he understood, it requir- they have to go together.

Rong on the 14th of May on board Prosedure Ordinance the Conte Verde to reach Rome an

A Bill to amend ed a lawyer, to decide when, a`rook If we have a department of geo.

the 5th of June.

Offences. Ordinance During the pilgrims' permanence-A-Bill to amend lógy, as I hope we shall Dr. Brook's geological survey of the Colony of

ritories Regulation Hong Kong will be, unit were the

in Rome the Holy Father will com secrate three new Chinese Bishops, 1010," taxt on which futur geologists will phreys, and seconded by Mr. P. Cz., Right Rov: Joseph Fan, Yicas

If it satisfactory to know Potts, all the directors, weto re- Apostolis of Tsining, Be date the Fall Court Ordinances.

R1562 ser and once elected,

is rock (Laughter), He referred In one point raised by the speaker

fand; that was in) con

the historien.

Heely

Mr. Schoß

going to find

about the

Incidentally I would remark that the General Manage commission on the year's working.

The proposal was seconded by Mr. Stapleton and passed unanimously.

Other Matters.

On the proposal of Mr. Hom

continent

Inded 1 B

Joseph Tecei, V.A. of Yungnish, C. Bernard Brown and R. Rev. Mathew Ly, V.A of Ta Batin were re-elected andi chow The Chinese pilgrims will pi

on the proposal by attend, the solemn serviced. 23 51on

nrandi It has been arranged to allow over

dewalls armonths stay in Europe. for thei

Summary

Ince

A Bal to amend sad : Consoli