1922-10-13 — Page 2

2

NOTICE.

W. S. BAILEY

& CO., LTD.

ENGINEERS

&

:SHIPBUILDERS,

KOWLOON.

HARBOUR REPAIRS

Call Flar

Tuge, Barges, Light Draft and

High Speed Vessels,and

Motor Craft.

Sole Agents for

'KELVIN MOTORS."

'Phones

Works.........Kowlood 21 Manager...... Kowloon 833 STEAM LAUNCH FOR SALE

METALS

af all kinds, especially for ship- Building and engineering works.

stock. Best. Completa Immediate delivery.

terms.

SINGON & CO.,

(Established A. D. 1880)

Phone HING LUNG T.

Central 515.

PIANO

FOR HIRE

at moderate Prices.

TSANG FOOK PIANO

COMPANY.

944 Wanchai Road. PHONE CENTRAL 2127.

MASSAGE HALL.

13. WYNDHAM STREET.

MPS. H. MORITA.

THE FAVOURITE INVENTION OF THOMAS A. EDISON

THE PHONOGRAPH WITH

A sott'

IS HERE.

THE EDISON MUSIC STORE 1ST FLUE. NOWELLY BUILDING

CREEN ISLAND CEMENT COMPANY LIMITED.

PORTLAND CEMENT.

Ja Casks of 375 lbs. net.

In Bags of 250 lbs. net. SHEWAN, TOMES & CO.

General Managers.

Hongkong.

A

MARTIN'S PIOL & STEEL 1 for Lelle : PILLS

A French Remedy 162 617 Izregulariiia. Floarends of Ladim always åsep a lar of Marida's Filis is the bones, so skon the Bres vign of any Izregularity of the Bystam a timaiy doer may be độn inisters. Those who use S. PODČERV ad them, henes their snormous sale. All Chemists and Storan, pall Shoe Throughout the World, pões True §¡»,

·MARTIN, Chem!rt, Houthẩm yìas, leg. MARTIN'S

A PIOL & STEEL L PILLS

A PODICURE

AND

MANICURE

Mrs N. Truchioka 31, Wyndham Barnek, HONGKONG PRINTING OFFICE First Floor, Room 12,

THE HONGKONG

TELEGRAPH.

NOTICE.

OUR TELEPHONES.

K-673

H.K. 4002

FOR HIRE

MOTOR

LORRIES

FREIGHT

Speeches in Council

1

FRIDAY, OCTOBER 13, 1922.

↑ been made out for any increase în these limes. The Government then naked Mr. Holypak, Sir Newton. Stabb, Mr. Parr. and Mr. Hay to advise it on the question in general: and after eunsulting them fis sa decided to put before theį [Chamber of Commècro a reference FULL REPORT. Yesterday we were unable to on various points, including a re- farance to too effect that a local give a full report of the speeches delivered in the Legislative Coup-company should take over the cil on the resolution regarding undertaking. I may mention that the telephone question. Below 1019, when the Company was representing to us the difficulties will be found a detailed report of exchange and of carrying on, we

Moving the re-olution, the Colna.

were informed that certain local ial Secretary said.--Sir, It may,

financiers were in negotiation with hape, assist bonourable members them: and the Company was say- in getting into perspective then they could not negotiate at a various aspects of this dickcust question if I inform them briety of lower rate than '19 for £1 share

far purchase. the history of the Telephone Com-

A Local Company. pany and of the various negotia-

The Government considered the tions between it and the Govern ment. Tho Company was registered question, in 1:20, of a local com- in London in 1953. In 1991 it had pany being formed to take over the 49 subscribers and, ten years later, concern. Certa requests were this number had risen to 425. It made to the Chamber of Commerce reorganise its to qu into the figures, and they then decided to business, adopt the messlie cir-appointed Messrs Lowe, Bingham The cuit, put its main lines underground (and Matthews in April 1920 PARTS OF THE COLONY.and spen an exchange in Kowloon report was handed in in March I do not propose to deal Accordingly, it approached the 1921. Hovernment for some security of here with the report, except to say tenere which it had not at that that it proved of the very greatest

the value to the tavernment va and the result present agreement, signed on the sidering further points that had 1. February, 1947, under whiehen put before it: also, that the the Government grants to it what report was based upon the idea i, in fact, though not in words, a that the Company would he bought monopoly, and the Company un-out by a la company. The rate dertakes to maintain throughout rerommended was sil

OR

BUILDING

MATERIALS

TAKEN 10 ALL

DOMINION MOTOR TRANSPORT.

145, PRAYA EAST

(Cental 4002 Kowloon 673

'PHONES

THE

LONDON DIRECTORY

to faxrial Est of the Fanted Krahin a The racista n.. Expe The osare

and her datasta ára elavskert unde more than 2.000 traie brat.au, trebuiaf.

EXPORT MERCHANTS

word talked pastirolarest the Goode ship

2112-lea and Foreign Markere supplied.

STEAMSHIP LINES MPONENT Aster the Fury 115 - they cl

dung lar approximate Sailings.

fu estraŭ sheje podam

Tembea

CEALERS SEEKING AGENCIES

can be presied as a como of 35 shillin

I trade bemeting Radne which there are spintel

¡ Lunger advertisements from de to stá.

A copy of làm đirmatory w" he sent by parzel pot that 40inte, Bett Chat with no ez.

England.

BUSINESS ESTABLISHED 108 YEARS.

MINCIYUEN STUDIO.

14. Beaconsfield Arcade.

could not rupt say

FR

IN

of

A

ent or operation cost of the mess men, and abo that the Govern. in Hongkong should run tel in sanded telephons system, is ment has no bound itself in any phones in Manchester. There' not in a position to form an way to the Company in the matter also the point that subscribers are pinion as to the capital sum of this agreement. I may say that paying considerable sums in 'in- which is mind or the rates at the meeting of the joint Chambers coma tax excess profite duty and which will be necessary to prof Commerce the matter was so far corporation tax in the United Kingdom. There are other' dif- sklo an adequate proti upom the undertaking. What is wanted is not settled that there was not even Bculties, such as the question of the best poraïble installation; and a drakt agreement The Gore the value of obsolescent plant; As soon as your Company is ablement hurriedly got together, the and there is one other point, the 30 supply the necessary informa-various points which bail been con question of the automatic tale tion on this paint, the trovern sidered in various departments-the phone, The Government is not

Works ment will put forward its pro- | Public

the Attorney satisfied with the finding that an posals."

General's, the Crown Solicitor's and automatic telephone should not de on and put these into print. installed, and it wishes to go fur- {The text step was the report of the ther into the matter.

In conclusion, I would like to "We have already state in Committee. The rales given in that our letter of the Oth inst. that report were endorsed by the joint express the great obligation of the variouE the Government to the Company is not prepared to Chambers, and the Government is

gentlemen who have advised it, assure the in-tallation of any content to accept them. The Chara and more particularly, Mr. Lowe, particular system of telephane bers, of course, represent the sub-who has spent a very great deal plant until the tiverament bascribers who have to pay for the of time and trouble in this mat- guaranteed a minimumo subscrip. telephode. tion rate of $150 per annum, when they will consult expert opinion and adopt the system micised.

A Pert Reply. The Company replied:

**

ter: also to express the Govern ment's indebtedness to Mr. Bennett, the local Manager of the Company. for his very ready assistance whenever he has been asked for information. I beg to move the resolution.

Compulation of Value; But the report did not deal with ine entstamhing diffenity, namely, The exact position of affairs the amount of capital upon which is as follows: The fiovernment these subscription rates are to pro. is not prepared to state the rateside a return. They were unable to which will provide an adequate

Mr. Lang's Support. because of certain in-

Hop. Mr. A. O. Lang: Sir, I beg · profit until the Company has the-

to second the resolution proposed eidel ma the plant to be information which they could not from the Company. There "stalled. The Company declines t

Wo methods under which by the Honourable Colonial Secre to guarantee any partidur type were

tary. While the telephone service plans until a minim rate of this valuation wall he arrived at during the past few years may not $120 is Autreik, This

is the Mr. Cook was working on what save teen altogether satisfactory, lowest sum which will give them

it should be reavmbered that the

26.9 "present-day

an adequate return eveti with time) enetion cost, less depretation“

}

ties to contend with, and that the test care and attention has been

plant is it present form, and Mr. Lowe's Committee was wark-nagement has had many difficul when this sit is acted upaling uper actual money put into the Company will take the business, less depreciation

pinion and instal the plant ad. The Government found some vised. In this case the rate culty in desiding what view subscription may be bigher. A take with regard to these methods we have already pointed unt, the rate of $10 compares favourably with telephone rates in cherl parts of the world" We replied.

¡Colony ;and under the circumstances This Government is unable 10j

value given by present-day rest) i sincerely trust that the Directors increase the present subscription of reconstruction is correct, then will accept the terms as outlined rate until your Company is in there is no reason why the share-

vessary in an endeavage to cope with the dewands for new connec tiers I am conäident, Sir, there is valuation; but it decided that, destre uts the part of any member this is not a matter which it the cumunity that the China desires or is indeed competent toj and Jajan Terpions Company give a decision upon. If Mr.[dould cease its operations in this

Cook's method

of the

intated

position to inform it of the type holders in the Company shoulds the hon. member representing and approximate cest of the in-get the bigh rate of interest, the Justices of the Peace and the

<tallation which its consulting namely, 12 per cent, upoh which

Chairman of the Sub.f'ommittee

and must dont that a paragraph as the request of Sir Newtonent said it could not evtsider th../Undertaking were to be removed lined in the schedule as a basis for

..

which

in over!

CE

:

Sar,

Chairman. I crave this Council's

to

patber

the 47 years of the agreement a telephone in Messrs Lowe, Bing and Matthews report. good and efficient telephone service bam with approved and modern ap they said they could not give very

certain direc-) pliances, at a reasonable rate of densite figures in Subscription which shall not exceed tiong, because they had not the The El for the first mile from the expert knowledge available. evebance and 82. 10s. for every addi-Government referred that report tal the Chamber of Commerez. what

owing to the PUBLISHED ANNUALLY ‹ [than bali mike.

In 17 the dollar went tempor.considered that. arily over two shillings, and the slump, and the falling exchange. Company approached the fiosern- the tin was not opportune to go Tuen for permission to charge on with the idea of a local comp- $100 LESTUR i of

This paay, and the 'overnment again with Provincial & Foreign Sections. enables tradero 1. communicate Cimes with was reta. There the matter turned to its movial advisers and Hea. Mr. Perkias, MANUFACTURERSI & DEALERS frested until 1917, when the Com-jappointed

engineer advises it to adopt.” Mr. Cok was working. For in-which drew up the report referred Lenina and the Pestion. Towne an

ari Mr. Marsh to pony came forward with further Colonel Davy. Mr. Barlow. Mr. representations about the losses Dodwell

A deadlock was again reached instance, the value of the land opon to will no doubt desire to address the they were suffering through the consider the question

fered March this year. Mr. Parker Ness which the offices stand, or are tofthe Council on the resolution, I will rise in exchange. The Government terms that should bes called for the balines sheet to the Company by way of rates enme back to the Colony and had be built, has gone up enormously content myself by saying that t which it had not en hitherto—and may mention, by way of personal terrased his demand to 8973 since the Company purchased:must be a source of great satisfac- of the abscriptions; and he put the capital 2nd. from the subscribers' point of tin to the insidual members of was impressed by the apparently explanation, in view prosperine state of the Company, fact that atutement has been value at 2925.000, the same zmes view, the service is just as that Cocmittee that the GoTem DACH AUSIS EN CARDS Feed replied that it regretted published that I agreed in London a named in Led The vernicient if that land is sold and the ment has accepted the rates as qut-

enacession to a figure of 8150 as a rate, that.

to a cheap site in a back street]egotiations with the Company,

valid

Mr. Lowe's Speech. Director leport for Stabb, who had been very closely matter at all It appeared that Mr. There appears to be

ook, the Company's expert ad ground for allowing shareholders

The Hon. Mr. Lowe said: in their the year ended 31 December, connected with me 1516, stated that in accordare this question, 1 moet Mr. Parser viser, was due here early in May, to take a return from subscribers rise to support the resolution with the resolution passe-l at the Ness to Loods in June and dis. Both Mr. Lowe, in his report. and in cespect of the enhanced value with much pleasure, particularly very fully, the Committee had advised the of the land. Be that as it may as the schedule of rates embodied extracelinary general meeting held cussed the matter

the Government does not feel therein is the principal recom THE LONDON DIRECTORY CO. LTD. on the 21st fuce. 1916, the sum of Mr. Parker Sexs put forward a Government that they required ert. 25. Atchurch Lane, London. BC4,1,fe old, being a part of the statement that the value was an expert information in order to called upon to decide as to whatdation of the joint Chambers of fee Fuad of the Company, 25,60 and that the sub-cription come to a definite decision. There the exact amount of the capital Commerce Telephone Committee; was, to the bollowing August, dis should be $150. I said I had no fore, we asked Mr. Cole, uf Shang-ould be; but it feels that while of which I had the honour to be

it is prepared to pay liberally hai, to meet Mr. Cook and go into stributed to the shareholders by way figures asailable to check his; 1

In the money actually put into had not seen M. Lowe's report the question They bad various the business, taking Mr. Lowcipermission to refer which was then out: and I was

see why it copious notes, as the subject calls The Exchange Problem.

for frequent reference to figures convinced that the terras given meetings, at one of which Mr. Jans figures, it does not It was suggested that this money would not be better than those and Mr. Harlow were invited to be should allow an equally high rand facts of a technical nature.

It will be noted that the resolu- would have been better applied to given to the Hongkong Electric present; and they presented their torn on the higher valuation of the serve Fund or the Equaliza Company,

tion defers possible increases of being report. Their capital value differed reconstruction cost, were

That 12 Per Cent.

the rates a year farther than the thon Dividead Fund, to meet regulisted when I left the Colony by some £70,000; but they were in to the rates to be

This Artistic, photographs for this temporary rise in exchange. The only way in which I com-agreement as

There is again the question cf Committee recommended. The matter then rested till 1919.

myself mitted

Parker Ness is reasonable, as time is passing to any charged.--$110 for private telephone new capital. Mr. TAE all occasions.

and the Company came forward that, taking Mr. Parker Ness and 8131 for business telephone, urged that 15 per cent should be and the Company has given ́ no Call, or 'Phone Central No. 4310.jan stated that they were practical figure of 25,000 as correct, and throughout Victoria, Kowloon and allowed, and he was not willing indication of improving the sex-

unable to carry on. suffering having regard the fall in ex-the Peak.

to go below 12 per cent The vice conditions. The remedy is very heavily from exchange, which change, there seemed to be a prime

Government is impressed with the in their hands, and I am was, at that time, at a very high farie case for a subscription of

Recent History:

fact that one of his own corpera-they will always meet with con Trace. We then pointed out, again. $150.

The Government felt that it nowtiess, the Bengal Telephone Cor-siderate treatment 23 soon as im {that in the report for 1917, which

Had suffreient data on chich to base poration, sas-Fery recently issued poxementa are affected; but not An Automatic Exchange. had then been recently received,

Towards the end of 1921 this decision, and it began to consider in London, £350,000 as mortgage before. as they would apparently the Directors, in passing a resolu

on on the death of Mr Carter, who Committee reported and they the matter afresh with Mr. Cook's debentures, at seven per cent at wish,

rate of $130. and Mr. Cole's rates as a basis for 7, and the issue was closed with- The $84 rate is higher than the was Manager for many years, said recommended à

The period of Mr Carter's manage.

There were various points in theirļa new agreement. This was stated, in an hour of the opening of the net rates for 1920, which were ment coincided with the great de-report which were being considered in answer to a question in this Com list. This appears to show that 45.36 and for 1921 $73.35. Under

licence, with and the rate was not formally cil; but before the Government had the rates for this kind of under-the present velopment of the prosperity of the

considerably cheaper change ranging round 2/6 up to given to the Company; but the got any distance in the matter, Mr.taking are

The Govern-date in 1922, it is hardly likely Company's business."

That impressed the Government mais headings of the report were Parker Ness pressed for publication than 12 per cent. and we said we were not satisfied read over to the local manager of these new rates. The Government is most anxious to deal both that the present year will enable

The Company refused to accept

paus, on the same lines as it dealt high as $30: It is true that the that the Company was this rate of $120. 1 may quotement was extremely reluctant to airly and liberally with the Com-the Company to reach a rate af heses: and we suggested that the

number of with the Electric Company, the flat rates for Victoria, Peak and service was not all it might be the following correspondence of allow it. There was

other public Kowloon would have resulted in We had outstanding points in connection Dairy Farm and January of this year. And we also proposed, that jo order to get rid of this trouble, the referred to them the question of with the agreement, which was not utility concerns; and it is, as far sie immediate small was in in- luctuation of exchange, the Com-antomatic exchange, and the even in draft-there was this dif as it can be, satisfied that these come to the Company through the ference of £70,000 to be cleared up. rates will give a liberal return cancellation of excess mileage Company wrote: pany should move its beadquarters

Wo basten to point out that is was recognised, however, that upon the money invested in the rates; but in view of the expansion to Hongkong and work on a dollar

this question is a highly techni publication was the quickest way of business. Of course, the recom-of residential and business area's basis.

cal one, and it can only be decid getting the matter before the public, mendation of the Committee pro-it was felt the Company would ed by expert opinion. which the and permission therefore was given vides for a revision of these rates soon recoup themselves. by in- Company will seek on satis"

to pablish; but by direction of the if the return is found not to be creased business, in

sufficient. "Mr. Parker Ness the probable general increase of factury conclusion of our appli vation for a revised licence. The Government Mr. Parker Ness was maintains that the terms are en-four to five dollars in the flat rate. Company's attitude towards the particularly told that the Governtirely unfair, and he quotes the is expected to more than cover installation of an automatic plant nent had not accepted the rates, fact that higher rates are being this problemstical small cas of in as follows: We will not be that the matter had not gone before paid to other companies in Singa-income. Generally speaking the bound to instal an automatic the Executive Council, and that pore, Calcutta and elsewhere. We reversion to a silver or local cur system; but provided the rate of unless the agreement was signed have replied to that that rates in rency rate (which is the Com subscription which we consider the rates would be inoperative. He Japan are low, and particularly pany's own desire) should be made to be a fair one is granted, we then published the rates, which led in Shanghai. The Mutual Tele-at current rates, and the sugges are prepared to refer the subject to various questions in the Council; phone Company apparently car-ted-rate of $84 is considered fair to our consulting cogiseer, whose and at the request of my honourablaries on at a good profit on rates of to subscribers and the Company decision in that matter will be friend who represents the Chinese Tis. 45 for a private telephone and under present conditions What accepted by the Company."

Tis. 65 for an office telephone, the future may bring forth no one The Government replied to that: ir. Chow Shou-son) the Govers over a range of two and a half can tell, for during my residence

"This Government underment put the whole case before à stands that - you are now in joint Committee of the Chamberi receipt of telegraphic information Commerce. They asked that to the effect that your Company small Committee--two

DON'T WORRY

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MEE CHEUNG.,

PHOTOGRAPHERS. always pleases.

MISS TORA INOKUCHL

Qualified Midwife

AIRS. HAN INOKUCHI.

Qualised Masse

(Frone X7511 21. Ashley Eoad, Kowloon "Back of Star Theatre,

JAPANESE MASSAGE.

MES. S. UZUNOVE, End. Floor, Wanchai Garage, 18, Pray East, Wanchai.

FOR HAIPHONG AND MOIHOW.

Bellator Eongkong and Haiphong every siterasie Tavoday. The favourite paraenger svedIN LI HAI-XUR

(Capt. Charles E Pago), Angly Thos. Cook und Bone on Po Bing Tai, 138 War Lab Birart.

JAPANESE MASSAGE.

MRS. H. SUGA MR. U. SUGA

No. 11, D'Agullar Street, 2nd. Floor...

Victor_Supress#7+ "}

THE VICTROLA,

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A3

الكرة

In March, 1920, Mr. Parker Ness came to the Colony for the first time. He brought with him a leaft agreement which he informed us was exactly "on the lines of the agreement recently, signed in Singa- perze. That

agreement allow. him ac, extension of years and no limit to the cates to be charged. The Company confrmed later, in writing, that they had obtained this concession in Singapore. Mr. Parker Neas WAL informed that this proposal did not even form a basis of negotiation: that the Government would have nothing to do with it. He then put forward an alternative proposal,; that the rate should be $110 and 40 per cent additional, because of increase in working expenses and of cost of material after the end of the war. The Government drew his attention, again, to the balance sheets and the state of the Company as shown in them. They said that they regarded it as a very pros perous concern and the monopely most valuable one in a Colony

not consider that a case bad. Krowing so fash; and they did

FR

meuibers

miles.

Tax Burden on Shareholders

any

more

Ex-

ca.30

of nearly 25 years 1 ́have sein the dollar fluctuate between Is 6d. and 68, 2d, and to a Hong There are various other points kang subscriber this means, unde outstanding. The Government

has come to no decision regard from each Chamber-hould be approposes to make it a condition the present agreement, a $10 tar ing the type of apparatus which pointed to go into the matter and at any new agreement that the phone rate might fact it proposes to instal. In the the Government agreed

Company is to transfer its manage-tween $183 and 132. circumstances, this Government Tam afraid I am taking some ment, to Hongkong We find

The reduced claim of $140

is not prepared to make a de time to explain these preliminary great dimenity in getting into 154 would have meant finite proposal regarding the

rakes to be charged to subscribers. matters. I wish to emphasise the touch with the Directors, and it It must be apparent to your point that the Government has not is.no moré masonable, that, Hong Directors that this Guvernment, gone about this in a hole and cornering telephones, should be ran with no knowledge of the initial manner without the advice of basi from London than that Directors

crease of about 100% rate, or $60,000 (say $500,

huum extra pret to the (Coatinued on Peg