Certain feed
Rootag
The
COP
Hongkong Telegraph.
(ESTABLISHED 1881).
69139 ## ##ALXXF SATURDAY, MAY 22. 1920.
REUTER'S TELEGRAMS.
ANGLO-JAPANESE RELATIONS.
COMPLIMENTARY SPEECHES IN LONDON,
London, May 15
Baron Chinda hoped that the Prince of Wales would some day visit Japan. An unsurpassable welcnone would await him.
Lord Swaything toasted the services of the two Empires, and said that the services of the Japanes Navy during the war had
never been sufoiently song.
CHINA'S FINANCES.
REINIONS OF AN OPTIMIST.
HONGKONG ELECTRIC CO.
GOVERNMENT TO CONTROL PRICES.
COMPANY,
BRMAN SINGLE COFT: 10 CTS.
$36 PER ANNUM,
sight
but reserves and issning 120,000 now (Fletcher, fammodore AROM Excessive,
Gurner. circumstances" warrant such shares, I am pleased to tell you R.N., and Lieut. Colinet Taylor, | appropriation, and the wisdogn of that with very few exceptions KE, for their co-operation - in liberal writing down in the past shareholders szerelied their making these - arrangements has been conclusivaly, proved us option of subscribing for the latter, [possible.
- The Company's) the result of recent egyta to dis- and the very small number Half also performed excellent pose of old machinery. Plant, in not applied for will be retained work during that
anxious general practice, is de presented on animed until such time as any paried, and although many hours
recent
that
a)
DOW
do
-
the
TO DOG OWNERS.
IMPORTANT HONGKONG
·REGULATIONS.-
+
TO RESTORE TSARDOM,
SENSATIONAL ARREST
→ RUSSIAN IN PARIS,
A sensation has been caused in
The following regulations havƏ a percentage basis, bet during further moneys are "sernally if teisurs halb merificed, been made by the florarios in when existing required: The Company's capital the additional duties were carried Council under Section 6 of the The toming-of-age dinner of the Japan Society took place at PROPOSED MONOPOLY FOR THE appliances were taxedo their stands as from 1st March last out in a cheerful spirit.
years,
Dogs Ordinan00 Prince's restaurant, under the chairmanship of Baron Chinda. There
approximately) I now beg to propose the "ad- uimost in consequeños of new therefore, was a distinguished company of Japanese ard Britons present.
1-Except with the permission machinery being unobtainable, $2,400,000, and 1 aust here aption of the repert and accounts in writing of the Colonial Lord Burnham toasted the Emperor and referred to the growth of
The thirty-first ordinary general that method has not been strictly observe that with such increase as presented, and after they have Veterinary Surgeon the removal Anglo-Japanese relations and the value of the Alliance for peace, not only in the East but for the world. Ele expressed fervent ad- meeting of the Hongkong Electric adhered to, and when extra il can hardly be expected that it been seconde. I shall be pleased of any dog from any one of the rairation of Japanese enterprise and honour.
Company, Ltd. was held this provision was considered advis {will be possible to maintain to
answer to the best of my following districts into any other rate of dividend ability uns questions which district is prohibited - morning, when an important an-able, name was duly made. On the same
achieved, shareholders may desire to pal. nouncement was made with rethe present occasion, for bistance; fas
(a) The island of Hongkong. gard to control of prices of it has been deemed expedient to viz ---$3 per share, though there
(B) Kowloon and New Kowloop. in is every reason to believe that
SECONDER'S SPEECH
(c) All other parts of the Colony, current by the Government. Mr. make generous allowiDGE
Richard Hancock, in A. O. Lang presided and there respect of the second-hand plants jahareholders will continue to re- Mr.
2-Until further notice no dogs Rear Admiral lida, Saval Artarias referred to the heroic were also present: the Hon. Mr. obtained from the Dock Comapany caive a good return on their in-seconding, said Mr. Chairman brought from any part of Chica conduct of Admiral Craddock at Crone! That was Nelson's spirit. John Johnstone, Mr.G.M. Dodwell and Dawson City respectively. resiments. While on this subject Gentlemen. In rising to second will be permitted to land in the Mr. F. Grabam for both of which high prices should like to take the adoption of the report and ac- Colony without the consent in Japan's Navy was undoubtedly endowed with the same spirit, be-(Directors), rause it had carefully studiel Selsans, old doctrines. The speakers (Manager), and the Hon. Mr. Ho were paid. Without these appromuntramming some counts, I think I am voicing the writing of the Colonial Veterinary included Major Geneet Jeffreys, Mr. K. Mori, Financial Attache, Fook, Messrs. R. H. B Hancock, pliances last summer's load could statement regarding the Govern- opinion of all shareholders in Surgeon
Lowards the congratulating the GeneralAgents and Mr. Stanley Manchin, Chairman of the London Chamber of T. E Pearce, Ho Kwong, D. V. not have been maintained, but ment's attitude
applications for and Directors on the fine work- Conneres.
Steavenson, C. A. Hooper, Leung as the former is now out of com Company's
10 extend oper-fing for 1919 and Yan Po Leung Wing Sang, mission and the latter rust in permission Ip Fook. Leung Fai Nam, IE the near future be reckoned ations to Pokfulam, Aberdeen continued prosperity of this Com- Osorio, Baptista, J. M. Alves, on as a standby only, you will and elsewhere on the south side pany. The figures we bave be and To Tso Hing (shareholders), readily recognise the necessity of the Island, as the Directors fore us to day show that, in spite of writing them down on & liberal feel it is only right that share of the difficulties of the last few CHAIRMAN'S SPEECHL
scale. Shortage of plant can-holders should be apprised of the years on account of insufficient The Chairman said: --Gentle-
tioned to hamper the Company's position generally. As perhaps plant to meet the increased de- London, May 19.
men-The report and accounts operations until about the middle you are aware, no extensions of mand for current, the Company Interviewed by the Fisser with regard to a Peking report of having been in your hands for of February last when the now the Company's mains can be made has successfully surmounted them Faris by the discovery of what in a financial crisis in China, a leading authority in London, who is in some daya Isball, with your turbines were put on Bad as without the necessary powers and the satisfactory tonning of belleved to be a plot to restare constant touch with Chinese alain, gave an assurance that there permission, follow was nothing in the situation which need alarm the investing public procedure, and take them as a North Paint, and · with their being granted by the Authorities. the plant reflects the great- Tsardom with the help of Ger- credit on all concerned. many. An individual whoos in Britain who are in any way interested in China. Indeed, the
You will note that fuller partident the great strain of rent at the time when the lines est
to the The Chairman bas told us that a oame is given sa Omobichine, relieved. 1 to Repulse Bay and was Chinese outlook might be regarded as distinctly promising in view culars of the Company's assets still found necessary, however, to Dairy Farm at Pokfulam ware now 5,000 kilowatt set has been described as a member of the of the signing of the Consortium agreement as between Japan and are furnished on this occassion, continue generating at Wanchai allowed under temporary way ordered from England and this delegation from White Russia to America. With Britain, France, America and Japan in agreement, and that depreciation is set out and running two stations is a leave, it was intimated that this progressive policy will meet with the Peace Conference, a former a loan to China should, stabilise conditions there and lead to a better in detail in the balance sheet, an somewhat expensive matter, but way leave would be withdrawn ibe general approval of all abare- member of the Duma, a chamber- international understanding with regards Far Eastern finances innovation which I am sure will in order to cope with ever in- unless satisfactory terros for holders, I am sure. We must lain of the late Tsar, and a big generally,
be appreciated by all share creasing demand for current, new lighting the various districts on in these days advance and not landowner has been arrested on holders. The bett profits, after allowing for depreciation, smount applications for which continue the south side of the Island stand still, and may action which his return--from- Berlin, ...and to be received large can be arranged, and it has fur-four General Agoula and Directorsjobarge have dem proferent to $210,617,77, to which has to be numbers, your Directors, spline thar been intimated to us that jake to, jevy die plant up to against him of conspiring against aided $126.956.31 brought for taking counsel with the serpany's say extensions of existing mains the highest state of officiency, the internal safety of France, and ward from last account, making a Consultants in Landsmy, beva, an only be considered on the will, I know, give confidence and of Intelligence with total of $337,574.08 available for placed a further processEngland terms
arrangementsusare a continuance of the enemy." distribution. and this your Dir ectors recommend be disposed o It is stated that the partners of one of the oldest and biggest firma as follows on the London Stock Exchange have been suspended for two years. To pay Dividend of and other firms cantioned, owing to the discovery that a number ofj $2.25 per share on Japanese and Chinese bonds, held in Germany. had reached the 60,000 shares London market from Holland, despite the Regulations that each To pay a Bonus of 73 bond from abroad must be accompanied by a certificate thar it had cents per share not been enemy property.
To pays Bonus to
To carry forward to
next Account
STOCK EXCHANGE SENSATION,
HANDLING EX-EMENT BONDS,
London, May 19.
US. OIL CRISIS.
AGORESSIVE FOREIGN” POLICY ADVOCATED.
Panadena (California). May 15.
the usual
$135,000.00
43,000.00
72,323.97
yeate
penses.
of
10
manner desired.
the.
for a 5,000 kilowatt sok. With the between the Company and the prosperity which this Company For several months, it is stated. installation of this sets which I Government on some such lines has had in the past. The Chair the prisoner had been closely hope will be sometime during the las are applicable to public uillits man, in referring to depreciation, watched by detectives, who found course of the present year, it companies of a similar nature in has stated that at first sight the that he was in frequent telephonia should be possible to close down the United Kingdom. There, & amount sat aside for this might communication with the German Wanchai as a centre of supply, you may know, the Authorities seem excessive, but I think Delegation, paying frequent visits.. thus considerably reducing ex-exercise a certain amount of we all agree that it is only to its members. He was supposed control over prices charged to by liberal depreciation in the past to be an intermediary between a Consumers would no doub: Consumers, and it is now made that the Company's position is as group of Russians formed here welcome the recent reduction of clear that this Company will wound ka iris to-day. Nothing is and anothe: Russian zociation hare to submit to cert dn nore evident in modern industry at Berlin, both working to bring 133.220.112 cents per unit in the price of restrictions in this direction arthan the rapidity with which about an "integral" Russia with current for lighting and fans, and the price of obtaining permission plant and machinery become the assistance of Germany, by #337,574.08 though this has been granted Dividend and bonus are the just at the time when it was extend its operatives-in-theilpolate, and it is of the greatest suppressing the Polish-Republic- On the other importance to write off their and athar Republica formed after same as were paid in respect of necessary to adjust, to a higher hand, as a set-off against the re-cos and create * Reserve the separation of their territory
the scale of wage to, Mr. Bedford, Chairman of the Standard Oil Company, has de-return of $3 per share will meet Chinese employees, it is constrictions which it seeks to im- Fund for their replacement. | from Russia.
1918/1919 working, and I trust the level.
pose, the Government offers the As we know, during the war it, clared that the only way to find relief from the impending acute with the approval of all present identis expected that the low Company a monopoly of the public was almost impossible to replace issued on the authority of the
Twenty search warrants weTN" ebortage of oil and petrol in the United States was through ani The bonus to staff represents 20 rate of 15 cents will in time at electric lighting of the whole plant and even now it is not easy War Minister and the Minister aggressive foreign policy by the United States (invernment. He per cent of their anal salaries, track a large volume of new lard for term of years, and the cost today is three or of the Interior: and 18 Paris said Carranza had been permitted consistently to discriminate and as the work daring the period business, which will more than moncpaly which would obviously our times what it was normally, banks in which supposed con- against American oil men.
The result was that practically no under review has been of a sper-compensate the Company.
be of immense calue to Mexican oil entered the United States last year, despite the fact that ticularly onerous nature. I hope
us and prudence therefore demanda spirators had made deposits were With reference to the meetings Such extension is, of course, hat the sum set aside should be visited, money and numerous American holdings in Mexico exceeded the British.
this suggested recognition of their of shareholders held on 28th essential if the Company is to considérable. No one baving documents being seland." good services will be sanctioned. Jaanary and 16th February "last, develope, and in these circam-he Company's interests at heart Oanoticbine professed surprise The amounts allocated for por when the capital of the Company stanc & your Directors foresee an cavil at the amounts when detectives arrested him at poses of depreciation may at first was increased by capitalising that negotiations with the which have been allocated for the Gare du Nord and seized a..
Goremment may have to proceed this purpose. We Lave listened bag stuffed with documents. He on the lines indicated if the with great interest to the Chair-protested against his arrest, de-
PANAMA CANAL TOLLS.
PRIVILEGES WANTED FOR 1. 3. SHIPPING,
Washington. May 19.
In the Senate. Senator Borah introduced a Bill restoring free toll privileges to American coastal vessels using the Panama Canal. The Bill was referred to the fater-Oceanic Canals Committee with- out discussion.
REUTER'S
TELEGRAMS.
BIG BUSINESS.
:
Chicago, May 18. The Bill if passed, would repeal the law passed at the request The sales of the Swift International Company and its South of President Wilson in 1914 equalising the toll charges for foreign -American absidiary, the Swift Company, aggregated $180,000,000
(gold) last year. The net earnings were close an $10,000,000.
and American vessels,
THE US. ARHI.
DEADLOCK OS RECEGANISATION BILL.
Washington, May 19.
A deadlock has been reached on the Arms Reorganisation Bill which recently went to Congress. Some of its provisions will be again-nubioitted to the House of Representatives-with-a-view-to modification.
THE MEXICAN REVOLUTION.
YUCANTAN GOES OVER.
Washington, May 19.
Mexican revolutionaries emphasise as most important that Yucantan has joined the revolution, indicating that the large remain- ing port of progress has yielded to the Provisional Government.
THE SALVATION ARMY.
Washington, May 19.
6.466
THE AMERIKA AT COLOMBO.
Colombo, May 18 The ex-Germao line? Amerika has arrived hare with Czecho-Slovaks from Vladivostok.
ANGLO-PERSIAN OIL AGREEMENT.
Melbourne, May 18 The House of Representatives has passed the third reading the Anglo-Persian Oil Agreement.
LATEST SPECIAL TELEGRAMS.
(From Our Own Correspondents.)
FOR THE CHINA SQUADRON,
Singapore, May 21,
which
are
| necessary licence to supply cor- nan's remarks concerning the claring that he was a sincero |rent throughout the Island is negotiations
now [friend" of France. He bad, it to be secured. I am not yet going on between the Com seams, made several visits to in A position
58y on pany and the Government in Germany during the war, and it what terms the Government connection with the proposed is on this fact that the charge of will be prepared to grant such extension of the Company's intelligence with the enemy is licence, bat from preliminezy (basineas
the mouth side based.
to
TO-DAY'S EXCHANGE.
DON'T FORGET.
TO-DAY Coronet Theatre-5.15 and 915
conversations which have taken of the Istand, and whilst nos wel- Iplace it would appear that there [coming' any Government Inter- will be no interference whatever. forence in the actual working of either in the control or actual the Company it would appear [working of the Company's reasonable that with a public
The closing rate of the dollar, on basiness, which will be continued utility Company such as this is-demand, to-day was 49./31⁄44d. **teractly as at present, while the in exchange for tucreased! financial arrangements, and the facilities, a certain proportion off dealing with and distribution of any surplus after a fair return profits, will remain in the hands on capital has been secured of the Board. subject to"some should go to reducing the cost of stipulation that after prosts rasch current to consumers. As no z certato figure a portion of any particulars are at present avail- surplus should be applied in re-able of the proposed scheme it is pm.. duction of consumers' charges, not possible to criticise it, but I Hongkong Theatre-5.15, 7.15. of That is all I am in a position to think we can safely leave the and 9.15 p.m. ̈·
say at present, but the matter negotiations in the hands will receive the earnest attention our Directors, who
will of your Directors, who william sure, give every CATO closely scrutinise, in the interests | and consideration to this of the shareholders. any innovation as far as Hongkong is proposals which the Govern-concerned. The bonds to the ment may ultimately formulate, staff has been well samad, and and will as ther conceive it their will I know meet with the bearty [duty to do, lay the torius befors approval of the shareholders. the appointment of the Hon. Mr. a general meeting of the Company With these remarks I have much | Lan Chu Fak was confirmed.uti for their ratification before accep- {plaasure ío seconding the report The Hon. Sir Paul Chater,
H.M.S. Colombo. convoying gunboats and sloops, arrived here
President Wilson has telegraphed congratulating Commander this morning. Evangeline Booth on the Salvation Array's war record and hoping that the Army's appeal for funds will be most successful.
COMING TO CHINA.
for Chins
THE TIN MARKET,
Paris, May 19.
Singapore, May 21. Tin is quoted at $145 per ton.
(Other Telegrams on Pager 2, 3 and 67)
tance.
Before concluding, I should like
and accounts as presented.
ofi
to place on record an appreciation then unanimously approved.
The report and accounts were of the help rendered to the Com pany dating the recent strike, by
D.m
TO-KORROW.
Coronet. Thastre-5.15 and 9.15.
"Hongkong Theatre-5.15; 7:15 and 9.15 p..
C.M.G., and the Hon. Mr. John- stone were re-elected Directors, on the proposition of the Hon. Mr. Ho Fook seconded by H Leung Yan Fo.
On the motion of Mr. Ho men of the Ravy and Ariny, with Kwong seconded by Mr. Baptista
Mr. Steayeason proposed a out whose sid it would have been the cappointment of Mr G.M. Mr. Ho Kwong seconded the give By continuous Dodwell to the Directorala, was election of liz to the Colony, and
the propositions.
No comments yet.
Private notes are available after approval.