1939-03-08 — Page 11

HONGKONG DAILY PRESS

GROWTH AND PROGRESS OF H.K. LAND INVESTMENT AND AGENCY CO., LTD."

"The Trowth and progress of the Land Company has been associated closely with the development of this Colony. It was 'incorporated,h March, 1889 with a capital of $2,500,000, to-day this has been increased to $10,000,000, of which $7,500,000 have been issued, we have a sum of over $15,000,000 invested in pre- perty.......We have travelled a long way since 1889."

These words summing-up the a letter from Sir Robert Ho Tung his from financial in which he resigned present very healthy position of the Hongkong Land directorship for reasons of health. Investment and Agency Co., Ltd.. were spoken by the Hon. Mr. J. J. Paterson, Chairman of the Board of Directors in the course of his speech

∙at

Bir Robert was invited to join your Board on February 18, 1913, so you will see that his invaluable services have been given for over a

the fleth annual quarter of a general meeting of the company, held in the Board Room of Messrs. Jardine, Matheson and Company yesterday.

Those present were: The Hon Mr. J. J. Paterson (Chairman). Messrs. A. H. Compton, T. El Pearce, Felix A. Joseph, 8. T. Williamson, A, Raymond and the

Hon. Mr. M. K. Lo (Directors), Mr. 0. Eager (Secretary), and Mesar B. C. Field, D. F. Landale, D. Newbigging, J. Gardner, H. W. Dulley. D. V. Steavenson: H. Glt tins, Kwok Hin-wang. K. M. G. Silva, F. C. Hall and H. S. Gomes.

CHAIRMAN'S SPEECH

century and I can

assure you that his experience and wise counsel will be sadly missed. We all wish Sir Robert an early return to health. In his place we welcome Mr. M. K. Lo.

ACCOUNTS

Turning to the accounta the gures before you reflect twelve months trading during which the demand for both business and living quarters has taxed supply to the utmost. The amount at the credit of Proat and Loss Account is just over $240,000 more than for

1937.

ROTARY CLUB SPEECH

(Continued from Page 7) ...

great interest of the Chancellor. not only in education, but in all social and benevolent services in. this Colony.

LOCAL CIVIL SERVICE

"I end my colonial career with a great admiration for the Integrity of the officers in the local civil service. Even if some of them irritate us in our personal contacts—even harm- less Professors have been known to annoy some people- yet I am convinced that the officials in the British Colonial Service are men of great in- tegrity and that од the average, they have a very high sense of duty.

"Of course they vary in other characteristics, such as intelligence and in their knowledge of how to play poker laughter), but in a part of the world where the most subtle temptations in the delicate art of for generations it is a tribute to corruption have been triumphant

the British Universities that there never has been a case of corruption in the higher ranks of the British

Colonial service. (Hear, hear!).

In my speech last year I re-

STANDARD OF CHINESE LIFE ferred to the necessity for redeve-

"It seems to me that the only loping ML 278 (1A Chater Road practical method of raising the and 2 Connaught Road) and ML standard of life in China, nay, ze (12 and 124 Des Voeux Road more, of saving the lives of millions

GENERAL

CANDID CAMERA AT THE races

PICTURE taken at the Annual Race meeting held at Happy

Valley. (Photo by Lélca).

JAPANESE DEFEAT

PROPHESIED

conquer

Japan will never China In fact, the Chinese If they get the NECESSATT raw materials - could nihilate all "Japanese troops in China within three months. This statement was made at a League of Nations. Union meet-

Mr. Paterson said:-The growth and progress of the Land Company has been associated closely with the development of this Colony been made with either of the of Chinese who each year seeming in Glasgow on Feb. 20 by a

Central). So far DO move has

î

woman war correspondent who It was incorporated in March, 1839 properties but your Board hopes to and food, is, in the words in the doomed to destruction by famine

has just returned from a 10,000- with a capital of $2,500,000, to-day take early action with the latter omcial report of the British Econo-mile trip in China-Mrs. Char- this has been Increased to thanks to the recent purchase of mic Mission to China, to

the lotte Haldane,

well-known $10,000,000 of which $7,500,000 have ML 2 Section B (13

place and 13A

writer been issued,

and journalist and wife.. we have a

power behind the worker in China." sum of

Queen's Road Central). By ac-There still exists over $15,000,000 invested

of Professor J. B. S. Haldane. prejudice in pro- quiring this site your Company against training young Chinese to

"China has risen as ubo perty. In the early days your now owns a most valuable area enable them to introduce machin-

man against the colonisa- company's fortunes were bound up extending through from Des Voeux ery into China, but the choice for

tion by the Japanem of their intimately with those of Sir Paul Road Central to Queen's Road China, even to-day, is steam

told country," Mrs. Haldane Chater and Jardines, its sponsors Central, a channel through the anarchy, or worse slavery. It is

her audience. - were the originators of the Praya heart of the business and shopping astonishing that local British firms Reclamation scheme in 1887 that

district.

who sell machinery, and British gave to the Colony a large area of land and upon this land now stand Prince's, Queen's, King's, York, Royal, Chung Tin and Alexandra buildings-all owned by your Company.

With these properties and with the addition of the Glon- cester, Powell's, Marcantile Bank buildings, Marina House and Holland House the picture of your Central District hald- ings is complete. We have travelled a long way since 1889.

Or

There is one small land sale to and Chinese who devote time and record, that of the western half of money to charitable work, have not LL. 2821 (Praya East Reclamation, taken any real interest in the en- vacant land) which was made at gineering Faculty in this Univer- a. satisfactory price and in passing sity, and this at a time when the I mention that the remaining Universities in Chinä are useless portion was disposed of equally for the purpose. attractively during January this My bellef, you may call it a year. As usual the profit has been fanatie belief, is that the only transferred « tö General Reserve Account.

In Profit and Loss Appro- priation Account you will see that a fios) dividend of $1.25 per share is proposed which with the "Interim dividend makes a total of $250 per share for 1938-50 cents better than 1937.

"

"The ferocity and success of Chinese troops has surprised the Chinese themselves, and the re- sult is that the

invaders bave found it impossible to dominate any part of the country without repeated heavy losses.

*The women of China are playing a great part in repelling the Japanese troops. They have an extraordinary` enthusiasm. salvation for China's poverty and are completely equal with stricken millions is the introduction

the men. The new women of

the of power-the transfer of heavy China march with

troops, burdens from the shoulders of dress as the troops, and with Chinese men, women and children } their hair shorn it is often very on to the iron backs of machinery, dificult to tell the difference That belief is shared not only by between male and female sal- European missionaries who have dlers." worked in interior provinces, but by China's most prominent claud- cal scholar Dr. Hu Shih. He says character. It often combines in Taking advantage of the excope of China" Where man has to sweat one man the extréme of a practical tional profit shown by the Work-blood in order to earn the lowest outlook and almost. feminine ten- ing Account of the Gloucester kind of livelihood, there is little Life derness. You must therefore not Hotel it is proposed to appropriate left, letting alone civilisation. He be surprised if, on this occasion of ADVERTISEMENT once more the sum of $50,000 to quotes China's sages to support his my farewell to so many who have

write

down furishing, Attings plea for mechanisation as 'simple honoured me with their friendship, and fixtures. You can be certain common sense.' 'How can we ex- and who have shown so much that these assets now stand at a pect, a moral and spiritual civilisa- patience, even charity for my tall- very conservative figure which of tion to grow up' says Hu Shih asings, that I find myself overwhelm- course is where such rather tran-he vividly describes the awful livinged with emotions that words sitory things should stand,

conditions of the many millions of cannot express. I can only say. An item that appears for the his own countrymen,

from the depths of my heart, to all first time in $29,400, required to BIRTHRIGHT OF FREEDOM

of you. 'I am grateful for your write down gradually those pro- "Unless we are false to our

past kindness." perties which are held from Govbirthright of freedom it is our duty

Before passing on to

the ac- counts there is ome other matter about which I want to talk.

Your Board was extremely sorry to receive on January 3 this year

CHINA AUCTION ROOMS

PUBLIC AUCTION

1

"Whenever, during my obscurity

The undersigned has received ernment under either 75 or 99 to the rest of the community to in that other little island in the

instructions from the owners to years leases and not under 999 draw attention with discretion to West. I see the word Hongkong sell by Public Auction on TUES-years such as

exists with your any matters which we think can I shall think, not only of the pluck DAY. 14th March. 1039, at 11 am central properties which can run be improved. During my residence and tenacity of the early colonists, at the Sur Heong Yuen Godown on as now for the next seven cen-In Hongkong it seemed to me that "Nelson Street, Mongkok, Kowloon, turies or so,

the undermentioned goods:-

..

mum

TRUSTEES OF THE COLONY

it was part of my duty, not only

to do my work in the University

and picture again the University as

4 lighthouse off the coast of China.

but of my friends in the Rotary Club; men who will, I am sure, al- ways be loyal to their Slogan Ber-. vice before self.”

POWER OF WALES

Quality

tolls!

VAT 69

Scotland produces no better whisky than VAT 69. It is

the choice of connoisseurs. Try it and see.

VAT

69

Sanderson's

LUXURY BLEND SCOTCH WHISKY Jared in W. R. LOXLEY & Co. (CHINA) LTD YORK BUILDING HONG KONG

Distilled and bottles In Scotland by Wm, Sanderson & Sen, Ezé., LITH

WEDNESDAY, MARCH 8, 1939.-PAGE 11

PUBLIC AUCTION. LAMMERTS' AUCTIONS

THE

Undersigned have received instructions

TO SELL BY

PUBLIC AUCTION

OX

THURSDAY, the 9th MARCH, 1539

Commencing at 11:00 am.

At their Sales Room, No. 2 Connaught Road, Central, Ground Floor.

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

and

3 Showcase.........

4 Cabin Trunks

¡PUBLIC AUCTION.

THE instructions

KR. Undardymed have received

to sell by

PUBLIC AUCTION

WEDNESDAY, the 8th MARCH, -1939

Commencing at 9.30 am."

At Kowloon Naval Depot

OLD AND SURPLUS VICTUALLING

STORES

Comprising:-

↑ Case Zinc Chromate Thinner Serge and Ducks, etc.

. Paint

37

"

1 Box containing Blow Torch, Calipers, Paint Brushes, Pllera, Files and other used Tools of Trade

',

TERMS:-Cash on Delivery.

LAMMERT BROS..

AUCTIONKERS.

PUBLIC AUCTION.

NHE Undersigned have received

Instructions

to sell by

PUBLIC AUCTION

CA

FRIDAY, the 10th MARCH, 1939

Commencing at 5.15 p.m.

At their Sales Room, No. 2, Con- naught Road, Central (Room No. | 205, Second Floor).

A VALUABLE COLLECTION OF POSTAGE STAMPS

On VIEW from THURSDAY, the 9th MARCH, 1939,

TERMS: Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS.

STYLE COMFORT=

JAEGER

Iron Rivets Manila Ropes

as efficiently as possible," but to Steel Snatch Blocks Steel The scale of appropriation has take an interest in China and Blocks, Single, Double and Triple been worked out to bring the book things Chinese, and even in local Sheave Wooden Blocks, Single, values to nil coincidental with the affairs. Many of you may have Whether you live in Victoria or Double and Triple Sheave-5-ton expiry of the lenses I think been bored by my numerous ad- Kowloon remember not only that' Cyclone Block Sledge and Ma-people in this Colony are apt to dresses given in Hongkong, Shang-you are a citizen of no mean city chinist Hammers-Steel Rope forget that Government as trus-hal and England on these topics. but that there is an urgent need and Chain-Iron Shackles--Wire tees for the Colony, owns all land. Opinions expressed may have, at for voluntary, social services cheer- Clips Clamps and Thimbles we lease and develop ft. The re- times, offended individuals with in- fully given by all educated people Foundation Boits, Eye Bolts, newal of these short term leases fluence. Yet it is imperative that so that this Colony may always 'Riveting Dolly Barr-Menscris being discussed now.

freedom of speech should be main-deserve that wonderful title given Oxy-Acetylene Welding Outfit-You will notice that the pro-tained and encouraged but not to it by an American traveller who Horizontal Hand Pump-Rex posed carry forward- le greater abused. In every community there said Hongkong is the brightest Contractor Pump Connected to this year by $88,703.38, in support are to be found the Jacobs, those Jewel in the British Colonial Single Cylinder Engine-Com- of this your Board desires to who will sell their birthright of Crown Having travelled round pound and Simple Geared Hoists point out experience in lean years freedom of speeck for a mess of the world thrice, and with every

C. 1. Flanges and C. I. Figd. shows anly too. clearly

confidence in the sense of duty how im- potage. Elbows Copper Tubes-Magnesia perative it is for any land con- "In Hongkong the temptation to possessed by this generation in Covering-Rubber-Covered Cop-cern to nurse tenants over perfoda do so is very great, but I beg that Hongkong, that is the phrase that per Wire Linseed Oil-Turpen of bad trading and to take a every Rotarian to resist it. There shall frequently quote in that tine--Coloured Faints-Aluml- sympathetic attitude about ren-is always the law of Hibel to protect little island in the West, where the Vehicle, Varnish and tals. It never pays to destroy good are so fond of saying that Bilence to realise that Hongkong is a bul-

the innocent, Those people who people at long last are beginning. Enamel Paint-Iron Cement and tenants. The carry forward

wark in the Far East for the cause Quigley Seal IXION Bolt Stock available for any allocation which it often shows the plain yellow of of individual freedom, justice and

1s Golden' might be reminded that Taps and Dies Asbestos Cement later may seem to he sound -Fireclay-Machine Screws and

I now propose that the Report public opinion in Hongkong is that God bless each of you and your

cowardice. The tragic thing about sanity in international relations. Nuts Chain

Pipe Vise-Tube and Statement of Accounts as it is so often expressed privately.

"And now Goodbye and may: Expanders-Faucet and Hose presented be adopted. When this Bibbs Blue Printing Frame has been seconded I shall be kong some millions of words from especially your service for others "During my 27 years in Hong future work in Hongkong and Steel Window Frames-Wheel pleased to answer Barrows Garlock Sheet Packing questions that Shareholders may good proportion being addresses. I can any my pen have appeared in print, a

less fortunate than yourselves.""** --Miscellaneous Tools including wish to sak.

SPEAKER THANKED Wrenches, Vise, Files, Saw Blades, Seconded by Mr. D. V, Steaven-ten on behalf of the University and Cassidy paid a tribute to the good and free gratis.contributions, writ- Thanking the speaker, Mr. P. 8. Augers, Drills, etc, etc.

"son, the motion was carried

animously.

un-other causes believed to be of im work he had done in the course of portance to the community. This his career and, in particular, to torrent of printed matter has not his services to Rotary. He con- The appointment of the Hon. entirely dried up but may even cluded by expressing the hope that Inspection order &c. please apply Mr. M. K. Lo as a Director in place fertilise arid, minds when enforced one of these days Prof. Middleton of Sir Robert Ho Tung (retired) leisure in England enables me to smith might pay them a visit as | occupy myself with pen and paper | President of Rotary International, was confirmed. ⠀

(Applause and Laughter). Messrs. A. HL Compton and T. E. and Far Eastern topics.,. Pearce were re-elected Directors.

TERMS Cash on Delivery,

For further particulars and

to:-

MR. E. V. M. R. DE SOUSA, Auctioneer,

China Auction Rooms, French Bank Building, 1st floor. Hong Kong, 7th March, 1939.

OTHER BUSINESS

+

“FAREWELL ***

Meagra Percy Smith, · Seth and "In my address to you on Em Fleming and Mesars, Linstead and pire Day some attempt was made Davis were re-elected Auditors. to explain the complex English

R

دیگر

The Chairman wished Professor W. I. Gerrard, who is shortly leaving the Colony on furlough, a pleasant holiday.

Ladies and gentlemen, let us in- troduce, Jaeger's latest knitwear range-most reasonable in price 1 There are Ladies' Jumpers, Car- digans and Swim Suits, in charm- lug new fashions. Men's Pullovers, Cardigans and Swim Suits for

leisure hours. A particular virtua of Jaeger is, of course, the famous wool that keeps you cool in hot weather and snug in cold. Ladies (let us whisper it) you look even younger in Jaeger-so do ses the range at once

JAEGER IS

OBTAINABLE

IN EVERY

FIRST-CLASS STORE

Clothing, including Blankets and

Remnants." Electro plate. Cutlery and Table Linen.

"

Lots may be inspected on

7th March, 1939 :

Terms of Sale:—As detailed in Catalogue.

LAMMERT BROS. By Appointment, Auctioneers to the Admiralty.

PUBLIC AUCTION.

THE Undersigned have received

Instructions

ין

to sell by

PUBLIC AUCTION

ON

TUESDAY, the 14th MARCH, 1939.

Commencing at 2.30 pm.

At their Bales Room, No. 2 Con-

Central naught Road,

Ground

Floor.

A`QUANTITY OF VALUABLE

HOUSEHOLD. FURNITURE, *

Comprising:=="

Hatstands, Divans, Wardrobes, Dressing Tables, Chests of Drawers, Dining Tables, Chairs, Sideboards, Dinner Waggon, Desks, Typewriter. Tables, Filing Cabinets, Glas Cabinets, Bookcases, Rugs, Carpets and Runners, Electric Heaters, Lamps, Cookers and Boilers, Radios, Gramophones and Records, Cutlery, Aluminium, Brass, Porcelain and Glass Ware, Filters, Wash Basins, Cameras, Binoculars, Ornaments, Magazines, Cooking Utensils, etc., etc.

Filso

A FEW PIECES OF BLACKWOOD

FURNITURE

and

3 Chesterfield Suites

1 Ashwood Bed Room Sulte

1 Grand Father Clock

1 Upright

Collard"

Piano "Collard and

1 Cooking Stove" "Dover"

-1 Typewriter "Ideal"

1. Geyser

1 Electric Refrigerator "Westing-

house"*

1 Electric Refrigerator "Electrolux

Ltd."

:ON VIEW from MONDAY,

the 13th MARCH, 1939.

Terms: Cash on Delivery,

LAMMERT BROS., AUCTIONE 28.

What do

you want ?

If there

anything

you want to buy or sall, try

ment kong

JAEGER HOUSE, 204-206, Regent Street, London, W.

25 words

for 3

Hong-