1936-04-23 — Page 7

TRADE IN CHINA

Better Prospects Ahead

THE ELIMINATION OF CUT THROAT RATES

Despite the deficit of '£27.346. 11s. 6d. as was shown in the Steamers Working, accounts, the Hon. Mr. J. J. Patterson, chair- man of the board of Directors of the Indo-China Steam Naviga. tion Co., Ltd., which beld its annual general meeting yesterday In the Board Room of Messrs. Jardine. Matheson & Co. Ltd.. expressed confidence for the coming years.

!

The Hon. Mr. J. J. Patterson was supported by the following' directors: Messrs. M. T. Jahnson and S. T. Williamson and Mr. C. T. Tod (Shipping Manager).

The shareholders present were Messrs. N.L.H. Railton, A. C. Wilcox, M. H. Lo. Chan Wing, Fung Hun, M. J. Henderson, H. W. M. Dailey, F. C. Hall, A. M. da Silva, T. R. MacDonald, "J. Bap- tista, A. Murdoch, D. L. Newbiggin. "Mr. H. J. Armstrong (So- licitor) and Mr. John Fleming (Auditor).

INDO-CHINA STEAM NAVIGATION PAYS NO DIVIDEND

The notice convening the meeting; was first read by Mr. C. T. Tod following which was read the Au- ditors report.

un-

The Hon. Mr. Patterson in read- ing the report for the year said.

31 Gentlemen-Except for

tha: space expected demand for arose on the Upper River in the Autumn, Trade generally in China this year was poorer even than" in 1934, and there were

few local Owners and Time-Charterers who escaped losses. However, by

dint

banks,

3

the same

foods that occurred when both the Yangtsze and Yellow Rivera over- singular cwed their <vent when these Rivers should leave their courses in year. The lessons learnt by bitter experience of the Yangtze were applied with some" success at an- atry kow, but great tracts of

be- adjacent to the Yellow R come inundated. This would seem

HONG KONG DAILY PRESS, THURSDAY, APRIL 23, 1936.

A COCK AND

BULL STORY

Unemployed Gaoled

Relying upon the symphathetic natures of his victims in the pur- suance of his. filegal schemes to obtain money, Hajer Karin Ismail, alia, Ah Mạn, allas Edward Baines, alias Francis Arthur, 32, unem- ployed appeared before Mг. 8. F. Balfour yesterday morning at the Central Magistracy charged with attempting to obtain $15 by false pretences from Mr. W. G. Fitz Gibbon of the P.W.D.

Detective Sergeant Russell pro- secuted and stated that on the 18th the defendant presented a letter Tò air. Fitz Gibbon which said that the defendant's wife, had died and that he needed $55 for the funeral expenses. Defendant also stated that he had a deposit with a cer- tal Arm but inquiries revealed that the said firm had no such de- posit, Further the manager of the Arm denied the signature of the letter

FAREWELL TO LADY SOUTHORN

Women's Club's Tribute

Yesterday afternoon the International Womens' Club ́såld farewell to its founder, Lady Southern. A tea party was given to which nearly all of the members of the Club' were present, Op. portunity was taken of the occasion to present Lady Southern with a memento as a token with which' the esteem and lore which the members extend to their Président.

..

After tea was over Mrs. Dunbar, good helpers did the rest. Mean- in presenting the memento, which while I have come to look upon was a carved ivory figure of Con- the Club as a home from home, fucius, said:-Lady Southern and to sit in Its comfortable chairs, to Fellow Members; I have been to meet my friends there, to discuss the dictionary, for a Synonym for business "there, cat its excellent the word "Inspiration"," which I food and wander into it flourish feel sure, has been used a dozen ing Thrift Shop. times recently, in as many fure-

PRIDE IN CLUB well speeches to our Founder. But I still like my own word for her

Bu, though I maintain that I am best; "Electric". She is both the more of an onlooker than a work- dynamo and the current; buter, I do feel a tremendous pride in our Club. I feel it is a real as- whereas most electricity, to be use- ful to man, requires specially made set to the life of this Colony. The Women's International Club stands At the foot of the letter was add.apparatus. Lady Southor: can

take ed that Ave gentlemen had given

any human material that

for something more than a glori-

him sums of money.

comes to her hand, and galvanize

fed tea shop. In the beginning I This was

it into working." She even makes

had my fears that this was ita be- ardent club workers out of erst-

all and end-all. But gradually there has crept into it the personal. while bridge addicts;--and make them like it! Let us hope that

touch, a real fellowship, between members. And its activities in- she will arrange to send us short wave radiations from the Gambia,

crease every day, together with its internationalism. When I went in to keep us running at top speed.

the other day I found a scene of varied activity which is typical of I need not tell you how this club the Club and worth recording. has grown from its amall begin- | Mr. Wells

W3$

giving Chinese nings. This gathering to-day can lessons to tell you that; but I can tell you one

two English girls in corner and another day that its very beginning was one

found to be untrue. Another well-

known man had been victimised in the

defendant same way. The was arrested on the 19th, by P.C.B.

820.

The defendant pleaded guilty to the charge and asked for leniency as this was his first offence.

"Sergt. Russell said that the de- feadant was also known to the General

Charities Organisation to point to a lack of co-ordination and the Hong Kong Benevolent amongst the various Conservancy Society from which he had obtain 1 bodies throughout the country, and ed various sums of money by re-

ment will be made in such a mat-false names and addresses. ter of grave Importance,

VAST IMPROVEMENT

girl's need of a good tlfin and a.

you will bee him giving Ens-

of rigid economies in which we are it is hoped that an early adjust-counting false stories and giving place to rest; that need brought another corner, a girl who had

persisting still, I am able to report that the Balance of Steamers' Working Accounts showed a loss of £27.346.11. 6d. as against a loss of £45,808.15. 3d. for the previous

year.

It must be obvious

to

you

all

SMUGGLING

Smugging, as you all know, be- came a by product of Trade in China from the time the Govern- ment started to erect tarin walls

from the Working Results of the Both the Revenue Authorities and past few years that the road to recovery is likely to be a ong one. Still, we have managed to cover some distance along that road and

I am confident that progress wilt

the Shipping Companies have had

a

to provide and maintain this time Preventive Staffs

at considerable cost, and whilst smuggling by Our vessels has

Defendant stated that these things were taught to him by a Portuguese named Castilho who had asked him to get money by these means and divide it with him.

His Worship sentenced him to sx weeks' hard labour.

NO DIVIDEND

to light by patient questioning by Lady Southern when a girl who was serving her late in the day was obviously That was enough to start Lady in need of both.

Southorn to work on the organising of a club for business women, and she did not rest, nor let us rest, till it was an accomplished fact.

Our thanks are due to that bene- factor of all worthy projects. Mr. Tang Shui Kin. He has presented is with the magnificent sum of

be a little faster now that rival een largely suppressed. thanks 2.11d. and its proposed to trans-$1,000 for the erection of a per-

-

2

wil-

Bad as the political situation. In the Far East has been, and may yet be. It affects us all alike, and tt merely adds to those difficulties which are trying enough when Lines upset treight markets by engaging ir individual competition.

to

manent swimming matahed, the site for which has not yet been decided upon.

After allowing for the above. there remains a debit of £26.678.-

fer the sum of £28,000.- from General Reserve Account to meet this Loss and Carry forward £1,321.17.1d, “to, the year 1938. In. FIVE HUNDRED MEMBERS view of this analysis. I am sorry We stand now, with our t say it will not be possible to hundred members, our comfortable declare a dividend. I must men-rooms, with the new shower just tion that no charge has been made installed off the rest room, with against Revenue Account for De- preciation during the year."

our good food, our library, and the latest, our bathing matshed, à liv- ing monument to our Founder's love of her fellow women.

Shipping Companies show

to the able assistance rendered by ingness to cooperate with each

the Floating Staff. I cannot help other for the purpose of stabil-huit repeat that the soundest policy ing rates of freight,

must lie in dealing with the cul- prits rather than in fining the shipowner when tariff breaches are committed on his vessels, and it is this porty that the Customs At- thorities seem to cachew. To give. point to my remarks I may say that the Piracy menace has been The situation on the River was litted to a remarkable extent in better than it has been for som

recent months, through the action tume which, incidentally, reflects a

of the Chinese Authorities in happier state of Government. The Centro Authorities, by the extab-breaking up the gangs that have

infested the Bias Bay area. It is pease. lishment at blockhouse system axiomatic that crime ceases" with

&

Dealing with the Balance Sheet, along the banks of the Yangtze the criminal. I cannot leave the fit will be seen. that Steamships. and an improvement in the dis-

In eluline and conduct of the Govern-subject of Piracy without express-Hulks. Launchs etc. show

ing our gratitude to H. M. Navalcrease of £58.887.15.34 due to Authorities for the great measure final payments on account of 8/8 of protection, they have so willing-Taksang" and Swatow Steel Pon- ly and successfully afforded all toon, Jess Book Value of Units sold.

SUNDRY DEBTÜRS IN CHINA

pient forces Have cleared this im portant area of Reds, and Trade in consequence has taken on a much healthier colour, With the deserted farms being re-populated again some measure öf agrarian reform will surely be introduced as being the most effective counter- polse to Communism which has wreaked such haves in this country in the past.

YANGTSZE POOL AGREEMENT

in July last the Yangiste. Fool Agreement was revived after a apse of 10 years, and I am hoping that trading conditions there will continue to improve under this

fresh stimulant.

these years.

Dort

For the past four years the Directors have waived their Fees amounting to £1500.- per annum and, as I have stated before, these sums are not being he'd

1

five

lish" lessons to Chinese girls in

lived in Japan was entertaining party of girls, who had all lived in Japan. The Busy Bees were

Meeting over a cup of tea and so holding an informal Committee

'was the Women's Auxiliary. I WES entertaining some American friends from the "Franconia" and one man said he had never taken "elevens" before but he couldn't resist our coffee and hot scones. Apart from these groups there was a constant coming and going and my heart was full of jor. I feel that mem- bers are not only taking from the Club but also giving in full mea-

sure.

And another side ling is deve-

successful in finding employment loping out of this feeling of friend- liness-the Chairman has been for some women who could not get la touch with employers. This is most valuable work and I am hope- ful that in Mrs, Dunbar's hands it”

will grow into a definite employ- ment Bureau, But there is no end Club. It is with real regret I leave to our hopes and plans for the

it and all those who use it and work in it. I shall hope to hear news of it.

AN INTERNATIONAL ASSOCIATION

And now, in the name, and with the love, of every one of the Ave in sus-hundred, I present to you, Lady Southorn, this little figure of Con- füclus. With the emblem of long life in his hands, may he ever be with you in the good life which he taught, and you have chosen. And may be continue

to remind you, s he looks at you from amidst the souvenirs of all youring people of other nations. More- Hong Kong activities, that there

over I start with the odds in my are Ave hundred women here who

favour in the International Stakes will ever remember you with deepan English Father, a Dutch Mo- affection.

Your Directors are pleased to re-

again that the Company. Sundry Debtors in China and maintained its clean record as far London now stand at £92.743.5.10d. as major casualties in the Fleet a reduction of £30,085.8.3d. com- are concerned, and I am certain | pared 'with last year. This re- you wijl join with mẹ in congratu- | Cuction is chiefly due to Assets in lating the Floating Staff this | China ping converted at 1/3 to fresh evidence of efficiency.

on

TWO VESSELS, SOLD

いまま

the Dollar as against 1/8 in 1934. All the amounts owing the Com- pany have been collected since the"! end of 1935.

With regard to the Liubilities, General Reserve is redued from £38,000.- to £10,000.- due

10

!

LADY » SOUTHORN

COMC

It is one of my dreams true. My husband and I love meet-

ther, an American brother-in-law and Scandinavian cousins make one feel at home internationally.

The other affe of the Club has its special appeal too. When I was In thanking Mrs. Dunbar and a journalist many years ago I know the members for their kindness how much I appreciated a small Lady Southorn sald: Mrs. Dunbar subterranean Club of the Strand As stated in the Report, the 8/8

and members of this Club, I had where one could have a rest, In "Yusang" and 8/8 "Chipshing".

a nasty sinking feeling when I peace over a cup of tea. Our food having outlived their use ulness, were sold for breaking-up at a

came here to-day that I was going did not come up to the standards to be thanked for something. My of Mrs. Biggar, and Mrs. Fraser, On the Coast the volume of cargo smal profit on their Book Vare, uansfer of £28.000.- to Revenue reveals further shrinkage and; in

The new Coaster built at Home. | Account.

worst fears have been justined. I have never forgotten watching a spite of this, it was noted that v.z. 6/8 "Taksang" to which I re- Underwriting Account and Spec- must clear my conscience at once severe looking woman eating let-

ferred last year. was put into com. competing Lines have increased

la Repairs and Renewals

and impress upon you" that you tuce and crackpels a combination both mission

are all suffering from a great I have never seen equalled. Still their berth tonnage which, as was

the Autumn and is show amall reductions due to pay-

illusion. I can't imagine what you that Club gave to us what this these Accounts thevitable, hardly improved ma-proving a valuable acquisition to ments debited to

are thanking me for. I admit I Club gives a place in which work- the fleet. Every endeavour'Is'bai | during the year. Throughout the year under re- ing made to liquidate our ove

Bundry Creditors in China and had always cherished the idea of ing women and girls could relax view the Company's vessels clear-draft with the Hong Kong and, London now stands at £234,363.4.- Women's International Club on for a short time during their ed considerable shipments of Fig Shanghal Banking Corporation, 3d. as against £174,864.17.4d fast the lines of the one we founded strenuous day and I rejoice to think The difference is mainly in Colombe. But apart from talk that this amenity has been created Iron at unremuneration rates from who financed "the building of the year.

due to the increase in our liability ng about it I fall to see what I've in Hong Kong The roll of mem- India to Japan and, but for bet- steamer. ter paying General Cargo moving Turning now to the Statement of the Hong Kong and Shanghai done. Good friends provided the bership is a testimony to the need Ir fair quantity between these Accounts, the items debited to Re- Banking Corporation and to the funds with which to found it and for it. countries and the Straits, earnings venue amount to £54.983.18. 4d.ras General Managers. from this Line would have been follows. General Charges £7837.17. 5d, Floating Staff Peristong £10,- Door.

490.17. 7d, Interest £9.507.11. 10d. Loss on Working of Steamers £27. 347.11 6d.

ters,

On the Borneo Run business was moderate only for here we aufter frequently from the depredations of casual tramp tonnage.

As I remarked at the outset, it has not been a happy year for local Shipowners, but we can at least view the immediate future with a little more optimismi.

SILVER EXCHANGE This Company is benefitting from a lower dolar and I hope, now that China and Hong Kong ate on managed currencies, will continue to do so. Anything which helps China helps'ús.

£1321.17.14. be carried forward to next year."

The resolution was seconded by Mr. B. T. Williamson and' was cor- ried unanimously.

OTHER BUSINESS

In addition I rejoice in our link with Canton. We and the Canton Women's Infernational Club are affiliated and I hope that our con-

Before I leave the matter of Accounts and the question of Ex- penditure in particular, I feel, ob- Ized to point out that the set of

tact will develop now that one can rules drawn up at the 8imla Con-

reach Canton in three hours. My Items credited to Revenue Ac-ference for the safety of Laves at

Husband and I had a splendid wel- count amount to £28,305.15.5d, and Bea is soon to be enforced, wh'ch

come there last week and during our visit I talked over our Club include Charges overprovided in means that the Company wil be previous years £7,000, Transter faced with an unusually heavy

The next business was the elec with several charming Chinese, Fees 37.8.11d Exchange Adjust ontlay in reconditioning certain of ton of directors and Sir Robert Bo friends. They are greatly interest ment £20,461.43d. and Gain on his ships to it them for Passenger Tung, the retiring director, being ed in it and I look forward to in- Units Sold-1312.00. The only Licenses under the new rules eligible, offered himself for re-terchange of visits and ideas be- election. Els re-election, proposed tween the two Clubs in the future. by Mr. F. C. Hall and seconded by Unfortunately I shall not be able Mr. A. Murdoch, was confirmed to take part in these, but I assIITH

Mr. D/L Newbiggizi proposed you all that I shall follow the for that the Report and State the re-election of Mr. John Fem tunes of the Club' with the krenést ment br Accotints as presented Ing. and Mr. A. Ritchie as auditors interest however far'sway. May it be adopted including the frank for the coining year at x remuner- prosperezdcedingly and may all fer at 228,000 from General ation of $8,000, This proposal was good fortune attend those who pre- Réserve Account to Revenue Ac-seconded by Mr. NIH. Rauton and ate over its destinies and all ite count and that the sum": "öf | was carried unanimously.

members. (Applause).

2 Item caBing for comment is 'the I do not think there is anything Exchange Adjustment £20,481.4.34. more in the Accounts to be com- This was due to the rapid fall in niented upon and 1 now beg to the rate of Exchange towards the propose the following Resolution: end of the year giving a closing rate et 1/39 at which raste our Floating Dolar Assets and Liabilities were Turning to more general mat converted, whereas, our Working LETE,

a setback to conditions in Balances were taken at the aver China resulted from the exteualveege" rate for the year vis, 1/11f

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