1917-07-25 — Page 5

TRONOH MINES:

Chairman.o Excess Profits

which

Duty.

SERIOUS FIRE.

Damage Over Thirty

"Thousand Dollars.

A serious fire broke out at 99,

THE HONGKONG TELEGRAPH, WEDNESDAY, JULY 25, 1917.

TRIBUTES TO MAJOR

REDMOND.

Jervoise Street during the early Mr. Lloyd George on His Heroic

The premises are insured in several insurance offices for sums amounting to about $29,000 The damage is estimated at $32,000.

L

Sacrifice.

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Irish Convection. Major Red- mond's heroic death in action eso not fail to have a reconciling effect on the opposing sections ia Ireland. He gave bis life con- AIRCRAFT IN THE WAR. seiously as a willing sacrifice: for hia astive land. Sach & sacrifice can never be in vain.

moved in spesting bis ealogy of Mr. Lloyd George was deeply this lovable

and chivalrous

AE

Aeroplane Raids and the "Prospects..

CORRESPONDENCE.

re-

paper B the

| houre of this morning, the Brigade receiving the alarm at 3.35 am, The Sffeenth annual general Upon arrival, it was found that meeting of the Tronoh Mines, the entire house was involved, and Parliament's homage to that Ltd., was held on Jane 8 at the though the Brigade worked hard knight sans pear esun reproche, Cannon Street Hotel, E. 0, Mr. for some time, the building was Major W, H. K. Redmond, M.P., C.V. Thomas (chairman of the eventually demolished.

showed the unique place he company) presiding. The Secre- The ground for is occupied occupied in the affections of the Mary (Mr. A. H. Called, C. A ),ng a medicine shop, the two bext Eouse of Commons. Never before having read the notice convening fors being used as dwellings in the history of the House has the meeting and the report of the ] The top fluer is a Chinese school.official notice been taken of the auditors. The Chairman said that It is thought that the fire originat-death of a private member who had the sales of tin ore had decreaseded through some of the medicines not held Ministerial rank. The in the past twelve months by accidentally becoming ignited, tribate to the chivalrous Irishman 170 tone, but the sverige price Although unable to save the aime very appropriately as a obtained for the ore sold wan buildings the Brigade were able pendant to the Prime Minister's E10 8 d. more than in 1915. to confins the flimes to the oue announcement in regard to the The net result was that they had house. Fortunately, no personal obtained from the tin seld during injury was sustained. the year about £850 more than was realised in 1915. For the Set time in the history of the company an item appeared on the credit side of the profit and lose „acoondt, “Sales ofrabber, £242 6a.

The opinions expressed by COTTER pondents are not necessarily those 11d." Some six years ago a pcr. tion of the company's land, which an in the interests of those parti-

of the "Hongkong Telegraph."F HONOURS AND DISTINCTION. was not reqired for mining, bad cular companies to which he was

To the Editor of the "Hongkong been planted with rabber trees, referring, some steps should be figure." Unfortunately be spoke

Telegraph."1 and last year there were about taken by the Government 10 in such low tones that parts of the

Raiding aeroplanes attacking 2,300 trees ready for tapping. In modify the manner in which the speech were inaudible. There admitted in the offical report, produced in your issue of Monday

Daval establishment,"

Sir. The reading of J. Saxon 88 Miles' article which you order not to take up the time and duty was levied. "If not, be W33 attention of the members of the anticipated that, it would bring Prime Minister quoted those that would repay the trouble/from the Daily Chronicle. and

a solemn hub when the might possibly izflict damage company's staff the tapping of about a serious result to the moving

headed "Reform in Honours List," worda from Major and heavy casualties sustained by those trees was let on tribute. country in connection with the Redmond's last eperez in the the Germin enterprise of last serves to recall the list which was Although the profit from that preservation of national and operation was not very large, it Imperisi

House, in which the gallant Tusaday, says the Observer of published in your intereste. A1 Was a matter which was well mining man of a good mady his comrades of the Irish division are all against it. In fact, the heading "Hongkong Men Men

Irishman alluded to himself sad Jane 10, bat the chacces short time ago ander worth while noticing. The years' experience, he entertained interest and dividende rethe view that companies which

we perhaps who are about to second of the two big raide has tioned in Despatches." Does it die." Read in ceived amounted to £7,635, were producing direct from what memorable oration of March 7 of an simoet perfect defence, in removed from the danger zane retrospect this imply discovered the existence not seem ridiculous that men, far was sufficient to pay be would term natural sources reads as though its sathor bad which the only 41-3 per cent, on the total capi- ought not to be looked upon and premonition of coming death As loophole is the cirumatance that spare time in the majority of remaining and giving only a portion of their tal of the company. The only treated in the same way as mann-Mr. Lloyd George aptly said: the raiders are able to get their cases, should have distinctive other item calling for attention facturare whose profita were on the credit, side, of the profit

"This solemn appeal comes to us blow in before wholesala destruc- mention whilst others, dying in and loss account was the profit made upon them by the war. If now from so honoured grave." tion falls upon them, a state that agony by the thousand, are passed Mr. Asgaith, on behalf of the makes their attack the forlornest over with only the bare notice on sale of investmente, £2,691. the Government were to say that whole House, associated himself of forlora.hopes.

asual to men who have died op That was largely made up of a mining companies such as theirs profit which they had made by must pay excess profits when the and esid that the incorporation of is rapidly disappearing before the several of the Hongkong men with the Prime Minister's tribute, And even this small consolation active service? More than that, the sale of 1.550 shares in the price of the metal went beyond all Ireland in the Empire by ties of adaptation of the defences on this mentioned" are "being paid for Sungei Besi Mines. Those starea (asy)

£180 per ton, then cost the company 12 1011 per there would be no ground of and lasting good will was the best attack, so that we may expect the too, in comparison to the men in mutual confidence, real affection, side to meet the new form of their service and well paid, ebsre, and the directore complaint. Daring the first five took advantage of the opport- mon be of this year, to the end of they could raise to his memory, sofer heavy losses even before have been able to carry on their and most endoring monument next party that comes over will the trenches-while most of them unity offered tell thee May, the Tronoh Company had in his

to

love passionate theres at an average price of 383. returned 436 tena, and they bad liberty he bad received at the very entitled to the feeling of satisfac- there is any need of reform in the basinesses as usual. Sarely if of they reach their objective. We are per share, The average cost per made a profit thereon of £10,770, yard of stuff treated, including and shareholders" no doubt had beginning of the war, with his tion that our own raids on the Bonoare List, there is an even the overburden, ba: excluding noticed that for the month of May quick and penetrating insight, Germans are never attended by greater need for reform in a statem which permita distinctive mention the dredging, was 28. 51. per the profit was £4,580, of which that the principles in which he anything like the proportion of yard in 1915, and 1, 411. per No. 2 dredge had contributed believed were being translated losses inflicted on the enemy last of the kind ander notice. Fard in 1916-a reduence of £2,020. The directore had that into universal terms and pat is Tuesday.

The actasi damage to property Hongkong, July 24, 1917. practically la. per yard, excluding mording declared a dividend of 1880e on a world-wide theatre. He the dredging The average coat 18. a share, lese tax, which would put himself beart and soul with may or may not have been equal Hey yard of the treatment of the be payable on July 8 They were enthusiasm of his nalate into the planes, and the damage done to all the energy of the contagious to the cost of the destroyed vero whole had fallen from 1s. 21. to now practically confined to 61d. This redaction was due to the opennast on No. 3 mine in struggle.

baval and military establishmente: the large increase in the yardage the northern area of the property; tribute to the memory of his late feet the highly-trained personnel liverish, troubled with sick head- Mr. Derlin paid an eloquent practically negligible. The enemy by constipation? Are you bilious, dealt with by the dredges and Boring result showed good ground

of eight collesgne. the smaller quantity of overbur extending to the east, and a

ten aeroplaces. aches, "pimples, poor appetite, dea that had been removed. The considerable area had thereby Sir E. Carson said he also Admittedly, the daylight raid coated tongue, unpleasant breath? yield from the yardage of karang. been added to the company's desired to add hie small tribute belongs & quite different The remedy is: after adding the ore obtained reserves. Leases containing about to a lamented and life long category from that of the blind from the tribatere, for which 70 acres to the north were being opponent." Be bad disagreed murder wrought by Zeppelina et they had no yardage figure, bored, and it was expected that with him on every sebje in night but the price paid, even had fallen from 2.23 catties to further ground would be proved politics, but Fie felt glad

from the German poins of ew, the dainty Title laxatives which 1.63 catties. Thoes falls were which could be worked profitably to think that not one bitter et already appear almost pro- gently assist nature. As good for dee to the exhaustion of the by No. 1 dredge. The company word had he ever had.

withhibitive.

children as adults. Of chemists, South Lombong, from which bad now adequate capital in him either in public or in The utmost surprise that can for post free 60 cents the vial, from the past they had obtained hand to purchase other dredges private. Be was always sincere, be effected is to steal-scrose the Dr. Williams' Medicine Co., 96 large quantities of rich karang. or to carry out other developmente Be (Sir E., Carson) had just come sea before the alarm bas had time Szechnen Road, Shangbai. On the other hand, there had been which might be considered de- from Belfast, where he had pre-to take full effect. Betora to corresponding redaction in sirable. He concluded by moving sided over ■ conference which safety is impossible. It is highly mining caste, those costs for 1916 the adoption of the report and accepted his advice and decided probable that another attempt being £25,918 less as compared acounts. Mr. W. J. Payne second to enter the Convention. They will be made, but this is quite with 1915, which was dae to the led the relation and said that could not discount incidents like obviously a minor and petty aide- reduced yardage from the opencast during the fifteen years this com-these, Major Redmond fell fight jesse of the war, which most not sections of the mine. From the paný had been in existence over ing beside Ulstermen. He be allowed to affect our géneral mine they had received 772 tone 30,000 tone of tin ore had been was cared for by Ulstermen. plans.

increased owing to the demande

10

ΟΙ

of tin, which had given them a recovered, of the value of a little Let them put these facte Meanwhile the buses from which profit of £35 la 8d. per ton. He over £3,000,000. The dividends together-(hear, hear)-and if these attacks start are being sub- would remind them that while paid to the shareholders had in the trenches they could fight|jected to constant and more effec- the average price they obtained amounted to £44. per £1 side by side in the common cause tive molestation by our airmen. for that output was £106 33. 9d. | share, and the average yield of liberty, he hoped in hie time On the day of the Isst raid, taking per ton, the price they were re: over the period worked out to see a solution of the Irish all the aerial news from the ceiving last month was £128 156. at upwards of 28 per cent question which would meet all various fronts it will be seen tha per ton. The fin returned by the per entum. In addition to this, the ideals of liberty in all parts the enemy lost far more machines tributers totalled 875 tons, which they had written down the cost of of Ireland.

than we did, and anffered very left the company with a profit of the mine, machinery, and plant! Mr. Wardle, on behalf of the much heavier damage of military £23 94. per ton, so it would be to the comparatively small sum of Labour party, ssscciated himself character; this reckoning, more- Been that they cbtained £ll 12. 20,000-their large dredge alone with the tributos.

over, emitting the Franco-German

waged on Folkestone.

For the present, and probably for some time to come, the radios. of seroplanes carrying "bomba being very restricted, a compara- tively small extent of our coast line, and certainly no great distance island (to attain to London would involve fasl for

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81. lese per ton then they was worth considerably more than It' is stated by the Evening side, in which also the enemy bad bad done for their own tia. With that figure-and they held to day Standard that the body of Major the worst of it, and, by the bom regard to their investmente, he investments which had cost Bedmond is not to be brought bardment of Treves, were given a would say that if they took their £126,000, and which at the tra- across the Channel for harial. taste of the kind of

war" they holding of shares in the Sungei eent moment were worth about The view of the family is that Besi Mices at 30... and their other £190,000. He ventured to think he would have preferred to lia ia investments at their market value, that this . WRA

anique a soldier's grave with the gallant the end of the year they would record for a mining company. men who fell wound him in the have, in cash and investments, an They still had their No. 3 ares Wytechsete Wood. amount exceeding the totalespital and their large and emall dredges, of the company. The company and from there and the income was not liable for excess profits from their investments they could ts. They had a pre-war standard rely on keeping up the payment larger than the total capital of the of dividends. The resolution was It was stated at a conference of another hoar of flying, and eo company, and if they did exceed carried unanimously, and the the Cinematograph Association of mach less ammunition), are con- that rate of profit and become retiring director (Mr. Walter J. Great Britain (Limited), st cerned. The north-west coast is liable to the tax no one would Payne) and the auditore (Mesars, Birmingham recently, that the at present out of range. And this. complain.

The excess profite W. B. Pest & Co.) were ananim-tex on admissions to cinema sitastion will contione unless the tax, however, was bearing very ously-re-elected. A vote of thanks theatres had been responsible for enemy should find it possible to unfairly sad unjustly on mining was accorded to the Chairman, the closing of over 700 theatres. send seroplane "mother ships"

mpanies generally, and be the director, the manager and A resolation was passed. nrging out into the North Ses, and SUZUKI & Co. ventured to think that, in the staff in the East, and the secretary the House of Commons not to operate from bases nesrst to usmer interests of the county, as well and staff in London.

increase the tax,

s'most unlikely contingency.

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