1935-03-13 — Page 10

20

Hong Kong Telephone Co., Ltd.

¿Continued from Page 7)

enabled to "maintain subscription, port of the Director's and the Ac- fales at their present low level, counts for the Financial Year end- notwithstanding the serious drop ing December 31, 1934, as present- in the sterling vine of the Honged, be adopted, and that the fol- Kong dollar during the past five

years,

The item of $1,858.00 under the heading "Premium on Shares" re- by profit obtained present the disposal in the open market of the rew -of the small balance

to share issue offered existing shareholders in 1933, and f which no applications were forth- coming.

the Balance Turning now to Sheet, you will observe that Gen- eral Reserve will stand at $595,- 482.00, subject to your approval of your Directors' recommendation that the sum of $170,462,00 be ap- propriated thereto, a matter 30 which I have previously referred

towing appropriations, 'recommend- ed by your Directors, as incor porated in the Balance Sheet be carried into effect, namely:-

Payment of a Final Dividend of 80 cents the per share on Fully Paid-up Shares (making 12 per cent.

for the year) $400,000.00 Payment of a Final.

Dividend of 20 cents the per share on Partly Paid-up Shares (making 12 per cent. for the year) d Transfer to Generat

50,000.00

Reserve (bringing same up to $595,482) 170,482.00 Carry forward to next

Account

150,213.50

$770,695.50

HONG KONG DAILY PRESS WEDNESDAY, MARCH 13, 1935.

HOLDERS WIN PONY AUCTION THE AFFAIRS OF

"DOUBLES"

Yesterday's Tennis Results

three

Matches in the local open lawn tennis championships yesterday were mostly confined in the Open Doubles Section of which fxtures were played off, while one match was decided in the Open Singles.

In the Singles match, Loung Ping-chiu beat Wong Shul-wing`in straight sets, 6-4, 8-8. The score was an fair indication of the play of the match which was keenly

some and

forceful fought out, tennis by both the players were witnessed,

57 Ponies Sold Yesterday

CELLINI

(Contiqued from. Page 3)

head was covered. She was almost. frozen with horror as they dragged him, struggling down the passageway. Then she thought of one hope and rushed into apartment of the Duchess, throw- Ing herself at her feet and son- aing with hysteria.

the

No less than 57 ponies, includ ing several Australians" were sold by public auction.

Hong at the Kong Jockey Club last evening. The highest price was fetched by King's Worthy which has been demoted to "D" Class and which "Save him, my lady, in God's was bought by Brigadier Seth-name save him!" Della, cried. I have love him-all my life I adored him. Our love had been that of children A

Smith for $350.

k.

"Whatever. are you babbling about?" the Duchess cried.

"I know that it ta only you wham he loves, my lady, bút my love for him is so great that I shall be happy to see himn yours and your alone if you will but save my beloved Benvenuto...”

*Wh s-a-t?

mean?”

What do you

The following were the panies sold:---

Lady Whitta (Mr. L. R. Nielson, 970) Golden Miller Rojdastivn, #30); Attention (Capt Gwydyr - Jonės, $110); Little Beauty (Mr. F. G. Gough, $75 Dancing Hall (Mr. Devaux, $65); Large Crowd Sees "Twins" Play

Gold Currency (Mr. G. E. Potts, The large crowd that gathered 145); High Finance (Mr. L. Foot, to watch the Shute twina play 8.8220): King's Worthy (Brigadier A. Rumjahn and H. D. Rumjaku,

Felbridge Seth-Smith, $350); the holders of the "Doubles" title (Major Olivecrona, $80); Morning She glanced toward the door for the last ten years were not Dew (Mr. Devaux, 8110); High

of the Duke's apartment, then As expected. the disappointed.

Standard (Mr."Chin Kee. 840); ran and opened it. She saw upon Rumjahn cousins won fairly com

Australian Boy (Mr. WH. the door Benvenuto's sword that fortably in 6-3, 6-3, although they

Dayls, $270); Mr. Yinying (Mr. E were at their best, and secured.

A. Nowacki, $70): Garry (Mr. J. many points through their.

OP English, #55); Clyde (Brigadier and I shall be obliged if a share-ponents' errors, W. C. Shute and Seth-Smith $150); Warrior of a holder will kindly second such pro K, L Shute were playing excep Nation (Mr. R. Buchanan, '$55); posal, whereupon questions as to tionally well for boys of their age. Forget-me-Not (Mr. H. C. Pib, and they scored many "aces."

#58); Soldier of Mongolia (Brigaan after her, the "Report and Accounts may be

the Although

Rumjahns were

dler Seth-Smith, $210): Soldier of raised

never extended during the whole Russia Brigadier Seth-Smith, of the match, the youngsters gave $230); Soldier of America (Mr. & good account of themselves and

Chan Sum, $15); Heart's Glory times by placing (Mr. R. G. Bosanquet, $210) scored many which left the champions stand-

Heart's Desire (Brigadier. Seth-

“Ottavaniö and soldiers had him ing. "

Smith, #230) Midnight Sun (Ltbound, dragging him away." J. R. Johnson, $45); Chow Min

Under the heading "Automatie will Exchange Equipment," you observe that your Company's in- debtedness in connection with the recent extensiörs to the Automa- tic Exchanges has been reduced $23,111:28. Trom $125,572.46 to which latter figure, represents the amount the final instalment which becomes payable during 1935. Your Company is, I

SECONDER'S SPEECH In seconding the motion, Mr. G. pleased to state, in the very for- tunate position-which also sat:s- C. Moxon said: I rise with much fles the requirements of the Tele-pleasure to second the adoption of phone Ordinance-of having the Report and Accounts now be- available à Teasonable margin of

fore this meeting. up-to-date" equipment capable of meeting any mediate demands for telephone service

2011

Referring to the "Assets" side of Balance Sheet, I would like to direct your attention to.the, head- ing Investments at Cost" under which you will notice that for the first time sub-division has been effected in order to permit of dif- ferentiation between Sterling and Sver investments. Hitherto this was unnecessary, having regard to the fact that all investrrer.ts were in silver securities; your Directors have, however, constant ly kept in view the desirability Erstly, of diversifying your invest- ment interests and secondly, of selecting a class of security which

The Chairman has given us stich a clear picture of the position that

I do not think there is anything I can usefully add.

Leonard and Hachiuma Eliminated The best game of the day was between J. W. Leonard and Y.

Hachiuma, the Craigengower pair and F. R. Kwok and Liang Sai- wah, who won by 3-8, 6-3, 8-6.

23

The Company is very well run and our finance is healthy-com-

The Cralgengower par did not forting facts in these difficult days. I am glad to learn that within a show as good understanding few months this Colony will be their opponents deserved to lose linked by Telephone with the cut-in spite of the fact that they won side world and I agree with the the first set, Chairman that the value of that cannot be over-estimated.

I should like to pay a tribute to the technical skill which gives us such good service and I am sure ali shareholders will approve of the Bonus to the Staff.

The creation of an Investment and Exchange Fluctuation Reserve seems to me so essential that I feel sure any application to the Gov ernment in this connection will command sympathetic considera- tion.

With these remarks, Sir, I have much pleasure in seconding the Report and accounts now before this meeting."

the appeared to offer

necessary safeguards vis-a-vis Capital with

return in 2 commensurate

the matter of interest.

With this end im view, your Manager (who proceeded on Home leave during the year under re- view) was requested, lo ecnsult our London Agents-The Oriental Telephone and Electric Co, Ltd. and to report their views. As a animously. result. and after due deliberation. on the part of your Board, it was The Hon. Dr. R. H Kotevall, decided to purchase - £50,000—of CM.G., and MD. H. Blake, were 31% War. Loan-which invest- re-elected to the Board of Direc- ment now appears under its ap- tors. propriate beading in the Balance Sheet-and I trust your Directors'

The proposal was carried un-

Other Business

Messrs. Lowe, Bingham and Mat- thews were re-elected auditors for

The Chinese were the steadier "pair, and should go far in the competition.

In the other doubles match, E. C. Fincher and Captain E. Man- ners outclassed 7, E. Arculli and Firdos Khan of the Indian Re-

creation Club, and won in straight sets by 6-0, 6-2. Fincher was the better of the

wirining pair

although Captain Manners was at the top of his form, "while Firdos Khan was the steady.

The results are:-

Open Singles

(Mr. Bosanquet, $160); Jullus Caesar (Mr. Rojdastivn Racing Triumph (Mr. Chiu Kee, $85);

$55); Glittering Glory (Mr, G. F Gough, $110); Pavane (Weetoo stable, $40); Bombita (Mr. J. English, $50); What About That. (Brigadier Seth-Smith, $170); Bold Colonel (Mr. Rose Price $130); Bold Soldier (Mr. Tam Yin, $55); National Day (Mr. Siu Kee, 340); "Jing" The Time (Captain W. M. Lewis, $60); Glorious Star (Captai Ribot, $90); Nebular Star (Mr Rose Price, 8320); Arctic Star (Mr.. Il Shiu Pang, $220); Man Of War (Mr G. F. Gough. $100); The Star (Mr. Chlu Kee, 270);" Midnight Star (Mr. Roj-

dastivu, 340); Noble Amazon (Mr. Bosanquet. $75); Bagi Umpat (Mr.

they had taken from him and tossed down, saw the doors open through the foyer and to the pas- sageway.

Hanging Him Della, still sobbing hysterically,

"Save him my lady, in God's name, save him! A word from you, for your word is final"

"What happened?" the "Duchess cried. *

الله

The Duchess ran to the grand staircase but could see no one. As she run down Folverino came in.

"Where is Benvenuto Cellini?" the Duchess cried.

They are hanging him, my Lady," Polverino explained, calm- ly:

"They? Who? Speak!"

"His Excellency, with Ottavanio and others of the court, My Lady→→ they

"Where? In the court?"

"In the dungeon, I believe. They were taking the luckless scoundrel

-

"Tool Oh, thou fool, Polverino! Had you saved him I would have made you Chancellor!"

"Bat-but, my Lady, you offered two thousand ducats for his head

on a"

N Dietz, "$60) St. Ives (Mr. The Duchess did not stop. to Nowacki. 980); St. Kitts (Mr. Isten, but with an entire lack of Leung, $50); The Maori (M.

regal grace and dignity she ran for Leung Ping-chiu beat Wong Shul- Roldastivn. 845); Latitat (Captain the stairway that led down to the

wing, 6-4, 8-8.

castle dungeon where divers in

Open Doubles ‛,,। F. Kwok and Liang Sal-wah beat J. W. Leonard and Y. Hachiuma, 3-6, 6-3, 6-4.

S. A. Rumjahn and H. D. Rum- Jahn beat W. C. Shute and K. L Shute, 6-3, 6-3.

E. C. Fincher and Captain. E. Manners beat Y. E Arcuill and Firdos Khan, 6-0, 6-2

Lewis, $75); Starlight (Mr. Bosan- quet. 840); Iron Cross (Captain Gwydyr-Jones, $70); Young Cap-struments of torture and death, tain (Mr. Devaux, $40); Adven- ture (Mr. Chiu Kee, $35); Trent (Brigadier Beth-Smith, $155); Hell for Leather (Mr. dough, $85); Racing Spirit (Captain Cwydyr- Jones, 855); City of Shanghai (Mr. Pank Kwok Fat, 325); The Minx (Mr. Gough, $40); Twilight (Mr. Pank Kwok Fat, $35); and Racing

action in this matter will have the ensuing year at a fee of $3,400 LONDON A VAST (Lt. Phitchard, 355).

the endorsement of Shareholders.

per annum.

The soundress of your Company's Those present at the mecing cash position will be obvious to were Hon. Mr. C. G. 8, Mackle" all members and does not re- (Chairman), Mr. J. H. Taggart quire emphasis.

(Managing Director), Hon Sir

All your plant and other equip-Shou Bon Chow, Mr. A. L. Shields, ment have been maintained in Hon. Mr. 8. E Dodwell, Hon. Dr. Arst class condition and your Com-P. H Kotewall, and Mr. J. Scott pany's well-defined polier of con- Harston (Directors), Mr. J. P. solidating and further developing Sherry (Manager), and Mr. W. L its extensive network of Under-McKenzie (Secretary). Sharehold ground Cables and Covered Disers present were Messrs. E. M Ray tribution has been consistently mond, D. Tollan, H. J. M. de pursued throughout the year. Figueiredo, A." J. Walters, W. C. Clark, Wong Ping Sun, Wong Min Hin, H. W. Walker, Chua Beng Choo, C. Hatt, W. G. Grinn, B. T Williamson, G. C. Moxon, Kwok Hin Wang, Chow Ping Un, A. McKellar, and N. V. A, Croucher.

Canton Trunk Service

5

The result of the year's working of the Canton Trunk Service is in my opinion, very gratifying, having regard to the somewhat depressed conditions appertaining generally to business as a whole. This ser- vice, calls on which are completed on demand and on which a high standard of transmission ja mak-. tained, has functioned, without in- terruption, since its inauguration „En September 1, 1931:

PUBLIC MONEY VOTES

Sum Sought For

Charities

GARDEN

Jubilee Décorations

For

Whitehall

London will be a vast garden of flowers in May, as a part of the celebrations of the King's Silver Jubilee, if efficial plans for white. ball are taken up throughout the metropolis.

Glad Eyes" which has been placed on several occasions was also offered for sale, but as the upset price of $450 was not reach- ed, the sale was withdrawi

HEADLEY SCORES A CENTURY

Jamaica-M.C.C. Match

Kingston, March 11.

At the close of the second day's play in the three-day cricket match The Whitehall scheme, which has between Jamaica and the M.C.C., been approve by the Ministry of the visitors, had a lead of 74 runs, Agriculture and the Board of buf Jamaica still had six wickets Works, and is likely to be widely intact. Headley contributed 127 in copied, provides for window-boxes a bright innings. The scores were: alled with growing flowera at one of the chief Government buildings. The planta and boxes will be the gift of the British horticultural industry, in honour of the voca sion.

A decision will shortly be made to the building, or buildings,

MCC-321 (Johnson 5 for 71;

Beckford 5 for 90). Jamaica-247 for 4 (Headley 127;

· Barrow. 59,---- *Reuter.

When your Company embarked

on which the flowers will be used. of London and in other part of on this project it had in mind that. Fourteen Votes totalling $75,482 Owing to its commanding position London will follow the lead given In time, this link with Canton would furnish an outlet to all are to come before the Finause overlocking Parliament Square, by the Ministry of Agriculture in and is favourable aspect, the this one of flowers. The Regent other important centres in China Commitee of the Legislative Ministry of Health, at the corner Street Association and some of the of Whitehall and George Street, is leathing clubes and hotels are consis and beyond, and I am pleased to Counich to-morrow.

The largest vote is one of $41.thought to be likely choice. dering the ides, and, if it is taken" Inform you that this prospect is

the General Chinese The Prime Minister's house, in up with authusiasm, there will be within measurable distance of be 482 for ing fulfilled, having regard to the Charities Fund. It explained Downing Street, many also be do a memorable display

May 15 one of the most attractive fact that the Canton, Government that owing to the very great difcorated in this way

The plants will be presented by months in the London parks and with its characteristic enterprise ficulty experienced in obtaining

the customary revenue from the growers, and the actual work pubile gardens, with tulips in full has I am informed, embarked on the work of construction of a Radio voluntary sources and to the of decoration will be undertaken bloom The lower beds in front of by the Omice of Works A last autumn with 50,000 bulbs of Telephony Station for communica- diminution of the revenue from the florists to designs upproved Buckingham Palace were planted tion with Shanghal and other house property which forms the The Chosen Flowers the red tulip Bartigon, which will bulk of the endowment, imme- Details are being arranged by De at their best during the Jubilee parts of China, which connec- tion we have every reason to anti-diate financial assistance is neces- special committee of the bordent celebrations gega cipate that this Radio Station will sary for the three hospitals ad-tural industry in co-operation with The be functioning in October 1935. ministered by the Turg Wah Hoe the Office of Works and the Minis The value to the Colony, as well pital Committee, namely. Ture try of Agriculture, as to the individual merchant in Way Hospital, Kwong Wah Hos-Rhododendrons and bydrangeas being able to communicate by pita and Tung Wah Eastern are likely to be the chief flower telephone from Hong Kong to other Hospital supplementary vote chosen these shrubs remain in flower display will continue from Aportant trade centres cannot, in for $47,482 is requested, being the bloom for & considerable time the equivalent dollar for dollar of May 8, when the celebrations begin, my opinion, be over-estimated y

There being no further matters special collections made by the until the end of the month,

flowering calling for comment, I now beg Hospital Directors drce: Septem-It is hoped that authorities and

residents throughout the West End plaitingphi imposible; formally to propose that the Re- ber 17, 1924.

d

don Gardens Society is appealing for a special display of window-boxes, and in dener and above shop- Lover London during this Much might also be iten the streetrinite se by planting flowers in

main thorough

tubs containing and shrubs Whate

A

CROSSWORD PUZZLE

Note:-Figures in parentheses indicate number of letters in the worda riquired

K

Across... 1 This is a hanging matter, per-

haps (9).

-A metal which comes out, of

the blue (6)-,

"

10 Stories of these pillagers make

sure drama' (9). 11-State of America (6), 15 This lock is a combination öne,

and very troublesome to undo (3). 17-Fancy having an island in

".. this! (7); 18-Here's a whole town suitable for your sole occupation now!

11

(T)

19---A pack of hounds may be held

at this (3) 21-A revenue derived from taxes

(8).

lack of knowledge 25-Bere, a

may be useful (9). 26-Disturbed in body or mind (8) 27--Horses are stabled here, to get

"shod later" (anagram) (9).

Down

8-An indefinite time ahead. (7). 7-He may be in fact a mistaken

enthusiast (7) and

8-possibly queer (7).

12 Now for that wanted word. which is at the back of one's headi (7)..

13-For this you won't need time to think, it's just a metal, merely zine (2)... 14-Dulness of sight (7). 15–—a woven fabric of gossamer

texture (3).

16-Teetotal (3).

20-This fish is a kind of shark

(5).

14

22 To do this we must have con-

fidence (4).

23-May be a fish, a drinf; or mat-

ting (4).

24-The last clue! (It sounds like a repetition of what we said before (4).

The following is the solut lon of yesterday's puzzle:——

Across.4. Casualty, 8. Hereunto, 9. Trinal, 10. Threepenny, 13. Earls, 2-Clues with this on words are 14. Rhymer, 17. Thebes, 21. Nacre

"apt to mislead (4).

24 Miscellany, 25. Umpire, 28.

3-This expression goes back to Gleesome, 27. Frighten..

the end of Number 1 (4).

4-A bird, dead and gone, makes

a double appeal (4).

Down-1. Lethe, 2 Fever, 3

Snips. 4. Countersign, 5. Babyr.

6. Amity, 15. Myra, 18. Homer, 19.

5A prickly plant for hands to Being, 20. Smelt, 21: Nebel, 22.

'get on, or in it (5),

Close, 23. Enemy.

sudden and lingering, were kept, when it seemed a certainty that and all too frequently put in use. he would not only gain a full par- Ottavanio had sent a man in all don, but bask in the passionate haste across the south plaza to the adoration of the most powerful stables to bring the Duke, and then woman of the state. However, be only a moment before the Duchess was not one to utterly give way or had reached the stairway down to to cease an effort of muscle or the dungeon, Alessandro had gone brain to save himself so long as down there, entered and ordered he had the power. the guards to open the door for no one.

A man cannot always have hir Benvenuto saw the grim hang-head in a noose and escape, nor men, the emotionless soldiers and

may some adoring woman forever the leering visage of his bitterest be able to rescue him. Follow this enemy, Ottavanie, and he felt that stirring story in to-morrows in- his hope was gone in a moment talment.

over

favourite for 50 years!

THREE

CASTLES

CIGARETTES

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