1923-02-24 — Page 16

TRE HONGKONG TELEGRAPH: SATURDAY, FEBRUARY 24 1923

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it will becoma a question of whe. } ther the contribution can ba

H.K.C.C. PAVILION.

The Opening Ceremony..

justified soy longer.

Tribute to Staff.

SLO TI

anot conclude without s word of commendation to the * The opening ceremony of the staff. In the Hon. Mr. A.G,Stephen, | Hongkong Cricket Club'a our Chist Manager, wo have pavilion (a brief description of a man whose knowledge of busi- | which is given on another page) ness and finance is unparalleled took place in the presence of s and whose services to the Empire | large number of members at and its Eastern connections is tiffin time to-day. well-known to all of you. During the past two years, in a period of world depression, the Bank has progressed under bis able direction and its position to-day is stronger than ever. Amid the troubles and disasters throughout the world. the disorganisation and uncertainties of exchanges, our men everywhere have risen to the occasion and have created a faith in the Bank of the utmost value to trade and British prestige in the East. We are indeed for. tunate in passessing a staff second to gone in loyalty and devotion to the interests of their employers, | and I am confident that as sentar men retire their places will be taken by men of equal eslibre and i the Bank will continue to be a tower of strength to Exstern trade | and enterprise in the future sit has been in the past. I am sure you will agree heartily with thede, cision of your Directors to award the staff a bonus of 10 percent. on their salaries.--(Applause).

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Mr. H. R. Hancock (President of the Club) said their old pari- lion was built about twenty years ago. Some of those present would. remember when it was first put up and there were many of them who bad span: very happy times, in it. At the time it was built it was thought that it would be too large and that they would never grow up to it. Although it had served their purpose well, it was not modern or large enough for their present requirements Not many years ago the Club was in a very bad financial position and its membership Way Talling. Thanks however to the late hon. secretary. Mr. Hodgson, who devoted a tremendous amount of time and energy in going into details, they had turned the cor- ner and to-day they were sound position. The work hel bad done for them was carried on by Mr. Greenbill, whom they hoped to see back shortly. The question of a new pavilion was mooted some two years ago by the late residens. Mr. Franki Maitland, who would be for ever remembered by the cricketers of this Colony. At the time, owing| to general trade depression, there; were not many members of the Club who could sea their way to faccially forward the scheme. and they had to thank the Hong- kong and Shanghai Bank. Messrs. Jardine. Matheson, and the thion Insurance Society Canton,sed one or two individuals) who had come forward and sol allowed the work to start. speaker hoped that the young map of the Colony who were not members and who did not play cricket would come forward and) join when they saw their new pavilion, and would take up the game. Some of them were ge ting too old and ther must look LO the young men to keep the Club going. They had some young enthusiasts-Messro. Owen Hughes, Webster, Mitchell and Davies-and they hoped thati ther would keep the old tag ly ing for years to coms. Mr. Hancock mentioned that the Club's present membership was well over 509, which included 245 playing members, and they were growing rapidly. He called on them to drink to the success and long life of the Hongkong Cricket| Club.

of

Toe

MR. DUNBAR'S SPEECH.

Mr. L. Dunbar said-It is a great pleasure to me to second the adoption of the report and accounts. I think it is very gratifying in these troublags and uncertain times' that the Bank is able to present such a favourable report,, the profits for the year exceeding all previous records. Of recent years may new competitors have appeared in the Eastern Banking field, but the Hongkong Bank appears to thrive on competition its reports for many years past showing a steadily increasing expansion o figures in every direction. agree with the Chairman describiog it AS A tower strength to trade and enterprise and to British prestige in the East. I am lad the Chairman touched on the question of mili- tary land. We see the Colour expanding in every direction, building going on everywhere and the rents in the central diatric: rising a height that is a serious handicap to merchants. And ret the military coa tinue to occupy the location they have held 'for the last 6 years, a location which, although eminently unsuitable for the troops, would be of the ut most value to the business com munity. Let us hope the War Office will wake up one day and

The toast having been hooper- discover, tost Hongkong has

ed. Mr. G. M. Young, in a short) charged somewhat since the faili speech.proposed the health of the tary took up their present quarters. President, wishing him a pleasant when the island was first occupied.holiday. Mr. Hancock was VOCI I am sure we all join the Chairman ferously cheered, those present

in his tribute to the staff. The singing For He's a Jolly Gord Bank is indeed fortunate in Fellow. Mr. Hancock suitably. possessing & staff of men who replied.

began their business caroers in

the Bank and mean to end them

in the same service. The number

of them who have served for over excellent report and dividend

twenty years in the East 14 a presented source of strength and stability, I think you will all heartily sup port the Directors in voting the staff a bonus of 10 per cent on their salaries. I now, beg to se cond the adoption of the report and seccunts.

OTHER BUSINESS. -The reports and accounts were adopted.

Mr. G. M. Young proposed that the appointment of Mr.A M. Bowes-Smith as Director be confirmed and that Mr. W. L. Pattenden, Mr. G. M. Dodwell and Mr. D. G. M. Bernard be re- elected Directors.

here

to-day.-(Api plause). We all know that last year has been an extremely diffi-j cult one in various ways for all those engaged in business, but the management has steered the Bank successfully through these: difficulties, at the same standing) by their constituents. I should like especially to express our thanks to Mr. Stephen He is 1 man eminently fitted to follow his illustrious predecessor. It i quite true that

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always ge! our O'A'N WAY with hitn. but none-the-less he is always ready with kindly) advice in difficulties and always ready to lend support to any re- sonable enterprise. Regarding the staff. I can scarcely add any thing to what Mr. Lang and Mr.) Dunbar have said, except that it Stewart Mr. A. R. Lowa and Mr.is on the loyal devotion of the

This was sewonded by Mr. M. 3. Northcote and agreed to.

On the motion of Mr. W. E. L Shenton, seconded by Mr. A. B.

E. J. Chapman were re-elected auditors for the year.

In thanking those present for their attendance, the Chairman announced that dividend war- rants will be ready on Monday.

staff to duty that the success of the Bank very largely rests. We, of the British community, are very proud of the Bank and. of the high standing it has amoug the leiding financial institutions

Mr. C. W. Beswick rising as of the world. I think you will those present were about to dis- | join with me. In thanking the perae, raid :-Before you all go, staf For their Bervice9.

I should like to ask you to join | (Applause).

with

m9

in expressing to the The Chairman:-Thank you! Directors. Management and Staff our appreciation of the

Mr. Beswick.

The mesting then closed.

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