Hong Kong And Shanghai Bank Meeting
(Continued from Page 4)
to
It is, I think, a matter for con benefied considerably from the gratulation that such drastle; leading part we have taken in its changes have been carried out financing, and we hope that this both in China and Hong Kong situation will continue for many with so little disorganisation, and years
There are come.
of undoubtedly beneficial results are course dangers ahead, but the already discernable. The recent public debt of the Islands is small, expansion" of the Hong Kong Note the budget 3 healthy and the Issue is a happy indication of principal exports are iurishing. better times. As far *s Hong sa the outlook is sa isfactory, Kong is concerned, it was fortu-This time last year Forts re- nute that we had Mr.' Norman garding the sugar ndustry were Young of His Majesty's Treasury inclined to be pessimistic but it with us to assist the Colonial appears that the Sugar "Control Treasurer who is Chairman of the Act has in fact fulfilled a useful Currency Board, to whom as a
purpose, and the great majority of whole a grateful tribute is due.
produczkę are in a sounder finan- cial position than for some years.
HANKOW-CANTON RAILWAY
The opening to through traffic of the Hankow-Canton Eallway this year. after many vicissitudes, is a matter of first importance. The trends of trade under such
A recent evelopment is the rapid progress made by the gold min- ing industry, which in 1933 took second place to sugar in gold re- port values,
circumstances are always dificult In India nearly all industries to prophesy, but whatever they have shown an improvement dur- are, conditions will adapt them-ing the past year and there has selves to an economic basis in which foreign trade will certainly `i beneft,
Ahother result of the
opening of that Railway will, think, be a further step in the uni- fication of China.
been a marked increase in the production of many commodities, while piece goods touched." & re- cord level. The cotton crop was about 33 per cent, higher than in 1934 and with satisfactory prices growers have benefited materially. 00 the importance which civil
but the mill industry has suffered aviation is assuming in the Far East, and strike a warning note from over production and price
I must lay particular emphasis
that British interests in this res-
cutting. Generally speaking con-
HONG KONG DAILY PRESS, MONDAY, FEBRUARY
FIRST DAY'S RACING
(Continued from Page 7)
Cash Sweeps
No. 1838
1
11
Race 1
$940.80
1717
268.80 1586....... 134.40 Nos, 1108, 1515 get $50 each.
Race 2
No. 1233
$826.00
1+
14
400
241 ..... 236.00 118.00
YACHTING
Army Beats Navy By Two Points"
24, 1936.
CORRESPONDENCE
Birth Control
(To the Editor of "The Hong Kong Day Press"]
The yachting contest yesterday I proposed to repy to the let
Str. Many people have asked me between the Royal Navy and the
ters which appeared in the press Army, salled in yachts the
pro in criticism of that which I sent perty of members of the Roya Hong Kong Yacht Club, ended in subject of birth control propagan- to your paper a week ago on the a win for the Army by the narrow
Slace a these letters were margin of two points, after taking anonymous I do not intend to an- into account the points in the prewer them. As for the actual vious encounter.
On the day's sailing the Royal Nos. 908, 1968, 962, 1880, 1774, 5. Navy scored 80 points to the 1022, 749 get $50 each.
Race 3
No. 1728
1235 1720
$904.40 258.40 129.20
Nos. 1335, 167, 1739, 103, 1430. 1092, 973 get $50 each,
Race 4
No. 984
1934 1368
$941.50 269.00 134.50
Army's 72, but the latter had a lead of ten points in the previous race which was sufficient to make up for the loss.
The Army sailed under St. An- drew's Cross and the Royal Navy under St. George's Cross. The first yächt was awarded 13 points, 2nd- III, 3rd-10 and so on.
~
Omcers of the Day were Com- modore C. G. Sedgwick, R.N. and
Nos, 987, 2148, 697, 1169, 280, 669, W.J.H. Bilderbeck, O.RE.. RAP.C. 189 get $50 each.
Race 5
No. 1766
1221 1918
$955.50 273.00 136.50
while the Official Time Keeper Was Chiet Yeoman of Signe's Barison. R.N.
Detailed results follow, the name in brackets indicating the obser-
Nos. 1248, 647, 780, 889, 728, 2029, | ver. 829. 641, 349, 2253, 1937, 740, 1253, 1868, 690 get $25 each.
No. 2895
2346
233
Race 6
$1,174.80 335,60 167.80
Nos. 1232, 825,1691, 1231, 1055,
pect do not appear to be receiving tions are favourable, and there 2740, 1824, 941, 1778 get $50 each.
the attention they should,
The completion of the new Head Office marks another milestone in the history of our corporation. No commercial undertaking in any the world "could not be part of proud of such a magnificent building.
We strongly endorse the decision of the persons responsible for the bold policy of rebuilding. and heartily congratulate those trusted with the plans execution of the work.
en-
and the
are good prospects of further de velopment this year.
F.M.S. TRADE
IN MALAYA
In Malaya. the trade figures do not show much of an improve- ment, but nevertheless conditions are still on the mend. Rubber re- striction has not much effected world stocks yet and there has been difficulty in controlling the When the former Head Ofice output at the Dutch East Indies. was in the course of construction The tin quota has been moved up many people, I am given to under-to 90 per cent, of standard assess- stand, thought Sir Thomas Jack-ment and tin exports have
creased appreslably.
4
VIEWS OF · BUILDING
177-
son was far too optimistle in re-
Ladies and Gentlemen, ference to the future, and I believe
that concludes my review of conditions many people have expressed simi- lar views in regard to this build-in the countries in which, we are was mainly interested but I have not Ing. Sir. Thomas Jackson proved not to have been in ad yet referred to the fact that we vance of his times, and we have every hope that our Board of Directors and Chief Manager are correct in their prognostications of our future requirements.
unin-
one
No: 245 ...$1,329.30 1019. $ 379.80
189.90
MORNING RACE
Club Line West to East, Quarry Bay Mark (P); "North Mark on Line (S), Channel Rock Mark (S). Tamar Line East to West. Distance 7.1 miles.
da.
arguments put forward by the pro- pagandists, I shall deal with them in the next issue of the "Rock."
Yours truly,
(THOS. F. RYAN, S.J.)
THROWING
STONES
Man Fined
A fine of $40 was imposed upon Chan Yuen by Mr. W. Schofield
AL.
the Central Magistracy on Saturday for throwing stones or other missles to the danger Di Detective Sergeant Fitches.
In fining the defendant Mr. Schofield recalled the tragedy of some years ago when 8 driver passing through West Paint was temporarily blinded by the explo- sion of some fire crackers which wore thrown into the car, and as a result of which four people were killed.
DRY
DISTEL
if it's
WHITEST
PUREST
&BEST
The Largest Gin
Distillers in the World
Gordon's
GIN
you know what you're drinking
NO COLOURING MATTER NO INJURIOUS INGREDIENTS
ANNUAL RUGGER
ENCOUNTER
Wayfoong Badly Trounced
Club
Detective Sergeant Fitches in.
The Club overwhelmed the Hong stating the case said that he was Kong and Shanghai Bank (Wa- proceeding along the Prays.at foong) in their annual rugby en- Gloucester Road when he noticed counter yesterday on the some coolles unloading bamboos ground at the Valley by two drop- and placing them across the road ped goals, three tries and a penalty in such a way as to cause an goal (20 points) to a try and a abstruction.. He stopped and told penalty goal (6 points). the men not to. cause this obstruction and then
Race 7
No. 922
$1,319.50
ROYAL NAVY
2111
++
377.00
1442
188.50
Polats
"
Nos. 15, 309, 1930, 1477, 801, 2491, 1933 get $50 each.
A1-L. Comdr. King
(Major Booty)
2
Race 8
A4-Li, Johns
(Major Edwards)
All-Care. Sedgwick"
911
(Col. B'derbeck)
5
Nos, 310, 497, 571. 1272, 2417, 1017, 1237 get $50 each.
A12-Sub. Lt. Grace
(G. B. Portman)
7
Race 9
HI-Lt. Pain
No 1904
"
940
1878
$1.281.00 306.00
(W. B: Cooper)
11
H9-L. Waterhouse
183.00
(Major Le Gros)
10
•
Nos. 1561. 2739, 559. 1145. 944. 1785, 1079, 2813, 359 get $50 each.
Race 10
Points for Morning Race
39
ARMY
No.
1.
2933
$1,354,50 387.00
Points
2675
193.50
A2-F. Ramus si
(Lt, Christie) AS Lt. Col. Reid
#
(Comdr. Hussey) A10-Lt-COL Carrington-
8
Skyes (Capt. Murray) 3 A14-Capt. Newmar
"A" Class Race
(Sab.-L. Beckwith).. H3-Major Dixon
I
13.
Nos. 1267, 1068, 393, 2672, 1101, 2258 get $50 each.
Race 11
No. 2561
$1.447.60 413.80
203.80
318 3446........
Nos. 659, 1468, 2798, 2742, 1458 get $50 each.
Race 12.
No. 212
2516 1159
$1,671,80 477.60 238.80.
34
Nos. 942, 469, 245 get $50 each. First Leg
A Grand Time (287), Lancashire Lad (28), Perfect Day (8). Ranger (12), Sarie (5), Shek-O Fox (6),
(Cdr. Orr-Ewing). H2-FL M. Ervine-An- drews (Sub. Lt. Bruce) Points for Morning Race
AFTERNOON RACE
40
are to-day using our magnificent new building for the first time at an Annual Meeting. In my opin- on this- the 120th Meeting of the Hongkong and Shanghai Banking The cost of the building has un-
Corporation-is thus almost an doubtedly been great, but we de- historic occasion. I do not of duce from the cryptic paragraph course presume to claim that we in the Directors Report "tar a are making history for China or contingency which has now be even for Hong Kong, but in the come non-existent“ that adequate ¦ not uneventful and not provision has already been made teresting history of "Wayfoong" and we are informed that "this to-day is unquestionably property stands in our books, at which marks an event of some What a banker regards, as a rea- importance and of some signifi- Strathroy (278), The Dunlin (64), Ray Matk (P), Channel Rock Mark
It is important because Trojan (1) and Yo Ho (190). fact that a very large proportion | the building 13 thoroughly of the materials used have teen modern, spacious convenient and
Second Leg produced within the British Fan- therefore fully suited to provide Cassius (8). Gold Sovereign (34), Ballos (13). Blue Ribbon (2), increased efficiency, and It is Hopscotch " (7). like to signifieaut because it shows that Public Hero No. 1 (2), Shamrock
Locksmith express, on behalf of the share in spite of apparent difficulties (-), Stopwatch (7). The Gorilin holders, our great appreciation of and transient storm clouds, our (185), Unicom (8) and Wild Cat the valuable services we have re- faith is still strong in the future (12). ceived from our Directors.. the outlook for Chief Manager and the Staff, and Kong. we congratulate them on their
sonable figure. It is, I believe, a cance.
plre."
In conclusion
success,
I should
and
Hong
China
We cannot be blamed for show- ing pride im
the stately and of
these
DONATIONS
(-),
Tamar Line West to East, Quarry
(P), N. Mark on Line (8), Channel Dock Mark (S), Club Line East to West. Distance. 9.0 miles.
Al-Major Booty
13
JAPANESE ADMIRAL IN PORT
Calls Exchanged
Inushiro Hosokaya, Commander of Flying the flag of Rear Admiral
the 5th Destroyer Squadron, the Japanese cruiser Yubari arrived in the Colony on Saturday morn- Ing. and will remain here until March 3.
were
The customary salute of 21 guns exchanged between the cruiser and the Gun Club HUI battery, while HM.S. Tamar also Ared a
salute in honour of the visiting Admiral.
4
After being led by the Club at "drove half time, by 13 points to all Wa- on agam Before Le had roong staged a spectacular come proceeded far he felt some back by obtaining a try (which thing hard strike Fils
neck. was not majorised) arid a penalty He turned and saw the defendant goal. Things began to look inter- The Japanese cruiser fred running away. He gave chase esting and it seemed as if Wa- further salute of '9 guns when the and in order to avoid arrest the foong would cause a major suprise Japanese Consul left the ship defendant jumped into the har- By overtaking their Club rivals. after calling bour and swam to a junk. The Hereafter
on the Rear- however, the Club Adm'ra!, and also a salute of 11 defendant was subsequently ar-stemmed the ride, and obtained a guns for Commodore Sedgwick, rested:
further seven points to put the is when he paid, an' official call. sue beyond doubt
a.m. Read-Admiral Robertson who played full-back Hosokaya called on His Excellency in the first hair for Wafoongthe Governor at Government moved up into the three-quarter House, where he was received by The Royal Hong Kong Yacht line on resumption of play, and a Guard of Honour provided by Club's second series of cham- was responsible in a large measure the East Lancashire Regiment.
added impetus, to pionship races was held on Satur- for the
His Excellency returned the call at day, resulting in a win for Jan, Bank's attack. =
11.15am piloted by Capt. J. Krogh-Moe, in the "A" Class. event over a 6.5- mile course.
Detailed results follow:-
the
Bidwell (Club) had a field day and dropped two brilliant goals between the posts, his firat et- fort being after the game was only "A" Class Started 14.50
five minutes old. Wilson, Grlf- Yacht
Finished. Pos. Pts.ths and Gallagher scored tries Carpenter
16.44.222 11
for the Club, all of which were (Miss L. C. Edwards)
not, improved upon, Frost ako kicked a penalty goal
Lobo....
18.46.07 & 5 (Major B. B. Edwards) Artemis
Toss
16.44.50 (Mr. J. R. L. Stanton). Gull
18.45.25
SOLITARY TRY
W
At 10.45
TENDERS
Concrete Level Crossing
Seated tendera in triplicate, which should be clearly, marked "Tender for Reinforced Concrete Road Level Crossings," will be re- ceived at the Colonial Secretary's
McGilchrist obtained Wafcong's only try, which Robertson falled to convert. and later Robertson kicked ale penalty goal from just outside the Club 25 line. Both packs played robustly in the office loose and were evenly matched in March 2, on behalf of the Kowloon- the tight acrums, Possession for Canton Railway, British Section.
untii noon of Monday,
Drawings may be seen and the
Black at the base of the scrum Specification and full particulars for the Bank, was invariably over- obtained by application to the shadowed by Bonnar who was Railway Head Offices, Kowloon, distinctly too fast for the dhuinus-on the deposit of A 1ee of tive banker.
ARMY
Points
Tam
(Lt. Cmdr. King).... D.N.F. A4-Major Edwards
16.58.40 10 3 (Mr. G. G. Wood) La Linda a
10.40.59 A (Major L. E. Gros).
16.39.50 (Capt. J. Krogh-Moe) [sabel
16.44.53 (Doctor L. J. Davis)
4
1 13
4
9
(LI. Johns)
7
3
10
All-Col. Bulderbeck
$5 25
(Cmde. Sedgwick) A12 C. B. Portman (Sub.-Lt, Grace) HI--W. B. Cooper (Lt. Pain)
the ball from the tight serumis re-
7
5
sulted in even distribution, but
D.NF.
H9 Major Le Gros.
(Lt. Waterhouse)
(Mr. 8. Odland) Cicada
D.N.F. True Blue........ 16.45.00
(Mr. H, 8. Rouse).
อ
1
Pat
11
18.45.05 5
Points for Afternoon Race Points obtained by Army
in morning
32
40
Points obtained in Prer-
lous Race
#14
Total 156
ROYAL NAVY
H
Points
(Mrs. D. W. Persse) Painted Lady ... NDF.
"G. Clazs Started at 1440 Gael.......... 18.54.20 3
(Capt. P. Trimble) Eunice 17.35.45 -4
(Mr. J. Thomas) Sirina
16.48.04 1 (Mr. W. B. Cooper)," Lola....... 16.49.27 2 (Capt. D. B. Michell)
||
5
4
器
6
A2Lt. Christie,
10.
May I in seconding the Report dignified appearance
Mrs. Fok Fu Ting and Accounts slate how much I premises, and who is more justi-
Mrs. L W. Amps.... appreciate the honour of having fled in doing so than our Chief Please send any contribution to been asked to do so on this his- Manager, Mr. Grayburn. whose Lady Southorn, 297 The Peak or
name will be identified with the c/o Mesars. Kelly & Walsh Led. building so long as it stands, To him and to our principal executive officers as well as to all the staf
toric occasion.
Kaight be re-elected Directors. Mr. G. H. Potts: I beg to second
(Chairman's speech continued from Page. 4) tallment of output has had to be enforced in the case of some im- of the Bank we again owe thanks the proposal. portant industries, including that for the continued good work they
The Chairman: The re-election
of textiles. The financial position have done for us under conditions, of The Hon. Mr, W, H. Bell, M. T. of the country also gives rise to cften without precedent, some misgiving. The burden of which political factors seem to as Directors has been proposed by and E Pearce, and Mr. C. C. Knight milltary and naval
expenditure make more and more difficult as Mr. J. Owen Hughes and seconded remains abnormally heavy and the years go by.
the continued deficit of revenue With these remarks, ladies and
is still being made good by the gentlemen, I beg to propose the Issue of domestic loans. However, adoption of the Report and Ae- each year sees some reduction in counts as, presented, and after the amount oft these new issues that may be asked, to the best of
and the favourable conditions in the country have so far enabled their absorption.
"
I will only say a few words about the other countries in which we havo branches
BRANCHER WORK
F
be pleased to answer any questions they have been seconded I shall my ability.
by Mr. G. H. Potts.
"Those in favour?
Those against?
Carried unanimously.
now before the meeting is the The Chairman; The business
election of Auditors.
Mr. H. R. B. Hancock: I beg to propose that Mr. John Fleming and Mr. H. R. Forsyth be re-elected
The Chairman: There beinig na questions. As proposed by myself Auditors. and seconded by Sir W. E. L. Shen-
presented,
Thore, fi favour? Those against?
of Mr. John Fleming and Mr. H. R. The Chairman: The re-election
Forsyth as Auditors has been pro- posed by Mr. H. R. B. Hancock and seconded by Mr., Fung Kong Un.
Those in favour? Those against?
Mr. Fung Kong Un: I beg to ton the motion now before the second the proposal, In the Philippine Islands the meeting is the adoption of the Re- Inauguration on November 15th of port and Statement of Accounts as "the Commonwealth Government was a notable occasion. Full in- dependence when it comes in ter years' time will bring about the
Carried unanimously. culmination of a long period of
OTHER BUSINESS political agitation, Our Bank has
The Chairman The business. seen many changes in the 63 now before the meeting is the years we have been established in election of Directors.
the Isiands, and we wish, the new
Carried unanimously.
The Chairman: That is a thẻ. bustness ladies and gentlenen.
Mr. J. Owen Hughes: I beg to Thank you for your attendance. Government "every success. The propose that The Hon. Mr. W. H. Dividend Warrants will be ready foreign trade of the country has Bell, Mr. T. E. Pearce and Mr. Con Monday.
(P. Ramus) A5-Cmdr. Hussey
(Lt. Col. Reid). A10-Capt. Murray
(Lt. Col. Carrington- Sykes) A14-Sub, Lt. Beckwith
(Capt. Newman) HS-Omdr. Orr-Ewing (Major Tixon)
H2 Bub. Lt. Bruce
(H. M. Ervine-An- drews).....
Pointa for Afternoon Race "Points obtained by Royal
Navy in morning - Pointe, obtained in Prey-
fous Race
8
Owl
DNF.. "I" & "T" Classes, Started 1450 Allaa * 18,48.34 2
(Mr. R. Ervine-Edwards) Stella
17.00.45 .3 Major Bec, Dixon)
Heron 8
Widgeon D.N.F
13
320, which will be refunded on the submission of a "bona fide" ten- der together with the return of the Specification intact. The de- posit receipt must be attached to the tender
Wilson on the wing was respon sible for a spectacular try for the Club in the first half when he made his way by brilliant swerving through the bank Mines, while Frost (full back) was as safe as a
Each tenderer must attach to rock. Robertson and McGlidirist his Tander the schedule of cuanti- formed a dangerous combination ties and prices, which shall be
on the Bank's right wing during fully filled up and shall set forth. the second half, McGilchrist's try the items of which such "estimate being the culmination of a spents composed, and shall contain his did three-quarter movement by the complete estimate. bankers,
The following were the teams: Club:-P. C. Frost; D. Hynes, B 7J Gallagher, R. H. Griffiths and
16.40.07 Lieut. J. E. Moore R.N.)
17.17,04
1
10
4
8
5
5.
(Col. W. Bilderbeck) Zephyr.......
..... 17.18.15.
(Col. Hindson).
"H" Class Started 15.00, Dlang...... 6
DNE Colleen
17.10.38 8" %. (Capt. G. Thomas) Rolls
17.05.52 3
(Mr. W. M. Brown)
41
30
(Col, Kirke) Stikin
17.00.09
Ariel
Total 154
Army wins by 2 points.
4
......... 17:15.3843. (Mr. J. R. Bergue-Coupland)
16.55.25 1 (Lieut. Col. S. D. Reid)
Dorothes................
The Buccessful tenderer will be required to sign & formal contract
In the usual form of Government contracts and to give security for
G. 8. Wilson; D. Bidwell and J. the sum of $200-in cash to be de. L. Bonnary Dis Cumming, J. H. posited with the Colonial Trea- Meiney and A. F. Walkden (Cap-purer, for the due and faithfu tatn), W. E. Peers, S. H. Garrod; performance of the terms of such M. W. Scott, E P. Humphreys and contract G. B. Gammell,
The Government does not bind
H.K. Bank:--L. G. Robertson; Hitself to accept the lowest or any R. McGlichrist, H. L Tudor, G. 8. tender. Dunkley, and L. J. A. Feliden; A
Only those contractors who arɩ trane conditions need tender. well, versed, in Railway. and Road
H. I. Butcher, F. C. B. Black, G. B. Dunnett, G. 8. Chambers, N. E. Clark, H. A. Greig, H. R. Brown- jág, F. J. McGugan, W. T.. Yoxall and. B. D. G. Barlow.
Referee: Lt. J. A. M Rice-terested spectator, Mr. J. H Potts, Evans (RWF).
President of the Hong Kong Foot- Mr. V. M. Grayburn, Manager of ball Club, and the Hon, Mr. "W, H. the Hong Kong and Shanghai Bell and Mrs. Bell were among a Banking Corporation was an in-fairly large crowd that attended.
No comments yet.
Private notes are available after approval.