1924-03-20 — Page 1

THE WEIGHT OF

AN ELEPHANT

is light compared,

with the lifelong

burden of bad eyesight.

Chi rit of your worry by calling on

LAZARUS

YA, QUKET'S BOAD CENTRAL.

The

The

Hongkong Telegraph.

Novara Operasana is the Chicag

FOUNDED

No. 12.439

四拜

號f弍月三英港香

THURSDAY

SUN YAT-SEN'S VIEWS

Believer in Socialism.

Immediate

Adoption Not Contemplated.

NO FUNDS FROM

SOVIET.

BANK CASE.

PRISONER ACQUITTED.

Mr. Jenkin on Bank Mistakes

money

was

be 'had carried $129.000 in cash.

The questions which we ad- dressed to Mr. Eugene Chen, and

presentative. Dr. Sun Yat-sen has false. decided (1) to establish a new

as follows:-

Questing Whether Dr. Sun Yat-senior lande has been, in direct or indirect communication with the Soviet Government?

Ansinera

WJ

not

necess-and without assistance, to

be-

MARCH 20,

1924,

日六十月式:

SINGLE: COPY 16 CEB EM PER LYCIN

JAPAN DISASTER

FUND.

HONGKONG COMMITTEE'S

BALANCE

Decision of Marday's Meeting.

expenses. for general

a relief

And the

the

For

SEUMBIA TORAGE

ATTERIES

are

famous for

tha: service they rand

THE DRAGON MOTOR CAR Co., Ltd

Expret and Constani Europea luparvizios. Telephone Central 3950....................A.-J. Allison,

DOCK COMPANY MEETING.

The Depressed State of Shipping.

CHAIRMAN'S SPEECH.

satisfactory.

tunities arise.

CHARTERED BANK.

DIVIDEND AND BONUS.

The local branch of the Chartered Bank of India, Aust- ralia and China has received tha following telegram fram the Hord Office in London ***

SHAREHOLDER'S QUESTIONS.

have

How

The case in which a Chinese

COMPANY'S FUTURE DEVELOPMENTS.

"At the approaching annual general meeting of Sharabokiers named Chat Yan stood charged with the larceny of $2,700 from the

We have received a full account

"The continued state of ex- for the Colony of Hongkong the Directors will recommend Hongkong and Shanghai Banking Corporation was concluded at the of the proceedings at a meeting treme depression which still por Arrangements will be made in the that a dividend be declared for the Criminal Sessions before Mir. of the Japanese Earthquake vades the whole realm of every meantime to borrow, the money past half year at the rate of 14′′ Disaster Relief Committee held thing pertaining to shipbuilding for those improvements, on the per annum and a bonus of 56.3d. Justice Gompertz.

81 the Hongkong General and engineering," was comment most favourable terms possible, so per share free of income tax, thas Addressing the jury on behalf Chamber of Commerce roomed on by the Chairman at the that the main burden of it will £100,000 be added to the Reservs Fund, that £25,000 be added to of prisoner. Mr. Jenkin said that if there was one fact that stood on Monday, over which Mr.Jordinary yearly meeting of the not fall on the shareholders

G. T. Edkins presided. Con-Hongkong and Whampoa Dock Some of you may think us Officers Superannuation Fund, out, and one that had not been siderations of space prevent Company, which was held at optimistic, particularly at the that £50,000 be written off Pre- present time, in proceeding with mises Account, and that £222,407 challenged, it was that, so far as our giving the report in full. noon to-day.

concerned, the

Mr. D. G. M. Bernard presided these improvements, but your 15.6d. be carried forward. *« The Chairman, in the course

The above dividend and bonus, As a worker who thinks of the problems of Society in terms prisoner was a man of sterling of a speech, said a stage had now and there were also present Sir Board have now, as they always

integrity. He had frequently been reached when it seemed Paul Chater, Mr. H. P. White, have in the past history of the together with the interim divid of human welfare. Dr. Sun believes a Socialistic form of govern been in sole charge of large anms clear that they could close up and Mr. J. P. Warren (Directors), Company, the greatest confidend of 14% per annum paid in in the future of the September last, is equal to 20%. ment would lessen poverty, misery and crime and render life of money. Only five days before humaner and richer in quality. But as a head of Government. the present incident he had had the fund without the likelihood Mr. R. M. Dyer (Chief Manager), enco

of Hongkong,jup capital of £3,000,000. as it has bean proved he has not yet envisaged the general adoption of Socialism as an entrusted to him $63.000 in cash, of any new claim arising other Mr. E. Hosie (Secretary), and shipbuilding and ship repair-free of Income Tax, on the paid-

this meeting. The position of Hon. Mr. Chan Sin Ki, Messrs. and immediate object of policy in Canton or in any other part of and since he had been on bail than they gould provided for at the Hon. Mr. A. O. Lang, the Ing industries Kwangtung."

On such facts as that accounts. now outstanding was Kelly Sarce, E M. Raymond, in the past, so it will in the thanks to our Chief Manager and hand after having dispensed in ham, T. E. Pearce, G. W. Sewell, thoroughly up-to-date in every laboured so conscientiously in The above is an extract from an official communication which it was impossible to say that be that they had about $115,000 in F. M. Ellis, P. Tester, E Abra-future, that it is only by keeping his European staff who

was likely to seize an opportunity.

reap the advantage when oppor year. I am glad to note that good the Telegrup has received from Mr. Eugene Chen in reply to a

Japanese relief: $35,000 for holders). series of questions which we submitted to him in regard to reports yet on the story of the shroffs of various ways over $211.000 for Ng Siu Sau and I. S. Perry (share particular, that, we can hope to our latests throughout the housing accommodation is being which have been appearing in the vernacular Press to the the Hongkong and Shanghai foreign relief: $11,000 for Chinese

Turning to the accounts, you effect that Dr. Sun Yat-sen has resolved to give the Soviet or Bank, the jury was asked to say relief: $18,000 for British relief: a daring en 10,000 for the Nasang

The Chief Manager. having read will note we have again allowed provided for all of them, as good Socialistic form of government a trial. In our letter to Mr. Chen we that the prisoner was

essential. With these few remarks The Chairman said:--The All your plant, buildings, loose it gives me much pleasure to pointed out that these reports have been given considerable promin opportunist of the first ordet. barter and expenditure of $2,000 the notice convening the meeting. a large margin for depreciation health and personal comfort is

(Mr. Jenkin) was going

After

Directon report and statement tools and floating plant, even the second the report and accounts ence and that in the absence of any official denial they were apt to He

ast the jury to pass, as the truth. We therefore sought wascertain the precise lacts Fio

as presented. on this question and asked for official information on a number oflsay that the evidence of the paying a tribute to the untiring of accounts having been in your most modern, will then stand at}

energies of Mr. D. K. Blair and

a much written down value in shroffs was not only unaccept-r. M. F. Key, the Chairman possession for the past two reports. To our enquiries. Mr. Eugene Chen has now replied.

Able but in some details wholly referred in the work of the Tai weeks, I will with your permis your books. The ships we con- sion take them as read. The structed during the year have

Mr. Kelly Sayce:I should ship, The master fals hood of the Wayfoong as

share which we recommend, respective owners, and although much is it going to cost us more the answer gived by the latter are Military College: 1 to declare whole story was when the count-saying although there had been a final dividend of five dollars per given every satisfaction to their like to ask one question.

the nationalisation of certain,ler shroff stated yesterday, for the/Certain amount of complaint along with the interim dividend the margin of profit on them was for these dock extensions, as wa

the costs incurred

of four dollars paid to you last very small, they kept our skilled have already spent about five mill- and, if 52, what, properties and first time, that the prisoner mo charges made. on the other hand. Cctober, makes for the year 1923. men employed, and our name as ion dollars in the last few year?

tioned the sum of $3,000, although there has been great satisfaction

The Chairman:-Which dock? only a few moments before he

Tail eighteen per cent. on the ordinarying public, which is about as

Mr. Sayce The dock extent Dr. Sun is now establishing a had handed in $300 and a memor/and contentment expressed with distribution to shareholders of shipbuilders before the ship-own-

the floating home

share capital of the Company, much as a can expect these Military College for the properandum stating that sum upoa it!

Wayfoong provided.

which I trust you will consider days. A new block of houses, is ions. We are making a new dry. training of military othcers on That statement, said Mr. Jenkin.

The result of the working. Auszer.

in course of construction for the deck, and how much is that going lines. This is a was perjury.

I need not remind you of the foreign staff at Kowloon, and to cost us more, because we have

already spent a lot of money. Dr. Sun Yat-sen is and has been maleri

is right|

Proceeding. Mr. Jenkin asked actwithstanding, was likely to

The Chairman :-Do you mean in direct communication with the necessity if Dr. Sun

hi- policy of substituting whether it was possible in the show a deficit of Yen 30,000, even continued state of extreme de- when two other blocks have been Soviet Government. Historical in

small. moderntrained

num-premier bank of the Colony, for made by Shanghai, where the pression which still pervades the erected, they will all be very ordinary dock developments?

and Compradore Department of the after a donation of Ten 15,000 reasons and the facts of geography

Mr. Sayce: Yes. taining to shipbuilding and We are extremely fortunate in

Mr. Dyer About six million compel intercourse between icient force for vast

of inefficiently trained two shroffs wholly independently value of the work done by the whole realm of everything perswell housed indeed.

Tai Wayfoong had thus been engineering, and I venture to having, as our Chief Manager, dollars more. Russia and China. They may he hers

of Mr. R. M. Dyer. Since he took

Mr. Sayce How are we going. friends or they may be enemies. troops. It

Coming to present needs. the this Company are to be con- charge of the Company there has calcula- and Under the Tsardom, they were ary for the Soviet representative come bereft of all their faculties materially recognised. assist him to realise this of observation With Soviet Russia. to

The Chairman-Well, we are enemies.

possession been steady progress, and its to pay back this money in future? tion so

mistake $3,000 Chairman said the Committee a to however, China can be friends, obvious point.

Dr. Sun's views on the national-for $300. If one man had made had now available $115,838, and it gratulated on the

bave was for the meeting to determine of a property which, for the due to his foresight, ability and This briefly, is the raison outer of

could

profits, and if it is cheaper to return. A reference to the been brought up to the present orrow money at a reasonable Dr. Sur's palleg vis-a-vis the i-ation of public utilities and that mistake it

He suggested industries are stated at been understood, but that two in what way it should be, ex-year 1923, gives them such a good energy that the organization bas hoping to pay some of it out of Soviet Government-with which. "kes"

balance sheet of any of our constate of efficiency, which enables

get more capital. It by the way, the British Governes length in his book The Intern-jexperienced mea should make pended. ment is now in direct and official ational Development of China", the same mistake at the same they respond to the need for temporaries, either at home or it to competes in quality of work rate of interest, we shall do so published in Shanghai in 1921 minute was unthinkable. If such clearing the deficit on the Ta abroad, for the same period, will manship, and price, with any father than gests of shareholders. out. This resuk has dockyard in the world. He is Mr. SayceYes, but even P. Putnam's Sons of New York Compradore Department of the the benefit that the ship had only been attained by the most supported by an able European on it would be cheaper. Under and abroad in 1922 by Messrs. Ga thing could happen, then the Wayfoong working, recoguising bear me presentative at present in Canton. and London. Dr. Sun's views as Hongkong and Shanghai Bank been to the community in Japan careful management, combined staff, and I cannot close without the item of "interest" we spent

the to cover resources

past for their achievement in produc- cent. of our gross earnings, and have adopted for the and. ifso, the object of his mission? expressed in his book have under- was the most wonderful institu. where the people have not badith the policy your Directors word of thanks to him and them last year $232,678-about 20 per

account of the considerable number of years, of 00

ing such a satisfactory statement of course in years to come in- they sustained the earthquake. As consistently expanding, develop of accounts, during a very severe terest will be a great burden to ing and writing down the Com-period of stagnation in the ship us. I do not think we can go on that, after

spending like this if we are to $74,146, pany's properties, installing the building industry. With

and up-to-date organization and staff. gentlemen, are no new ships. most modern machinery driven by electric we can look forward to the future

The Chairman-Is it your obsolete steam driven plaat, pull hope that the progressive policy

Mr. Sayce-No, but I say Pad I don't know from what of churches and similar buildings required a great deal spent on accordance with the wishes of cause, but if that was all the in Japan. As to the balance then

The Chairman-Any develop- Yat-sen or the Canton Govern- The reply to this question is in shroff saw on the memorandum, remaining, they might ask the them for upkeep, and replacing shareholders. With these few economy, because interest will be

of steel and. reinforced concrete, adoption of the reports and ac-

with due regard to the future sum of money, or the negative. As a worker who I do not think his evidence is Kobe Relief Committee whether them with the very fine structures remarks, I beg to propose the a great burden to us in the future. they should send it to them with of which practically all your counts, and after they have been ment which is carried on is made

seconded, I shall be glad to suggested the possibility of such thinks of the problems of Society worth very much." advance being made. If so, what in terms of human welfare, Dr. Mr. Dyer Rall urged the jury a request that it be about equally

At the same time, I warn you answer to the best of my ability, work of the Dock, and we have believes &

Socialistic that they should not allow them divided between Japanese and Property consists to-day.

that a great deal of money requires

any questions that shareholders to keep abreast of the times.

Mr. Sayce-We are spending of governmen: would selvers to be influenced by the foreign needs. By foreign needs

more money than we are earning. lessen

and fact that prisoner's employers he meant Chinese, British, Ameri- still to be spent, before we are may desire to ask. misery poverty,

quite satisfied that few further

POLICY ENDORSED. Last year we spent upon sundry and crime

render life hu- went bail for him and continued can, any nationality other than

Japanese.

improvements

The Hon. Mr. A. O. Lang, in creditors an increase of $1,763,000 A motion to this effect was This year we will have to con- maner and richer in quality. to employ him.

Mr. Justice Summing up,

The But as a head of Governmant, he

Chairman: Are moved by the Hon. Mr. P. Hsider the erection of a new iron seconding the adoption of the more than in 1922-23. Holyoak, seconded by the Hon. and steel foundry, capable of report and accounts, sald-MT.

gentlemen-objecting to these payments?. Mr. R. H. Kotewall and unani-producing steel castings of any Chairman and

Mr. SayceNo, I am tot weight required'in shipbuilding. am sure that we have all listened Other business was of a formal The present foundry is a very with the greatest interest to the objecting. I am only saying that are spending more money old building, and the plant is anti-Chairman's speech and to his we quated, and it is no longer a very clear outline of our past and than we are earning. That is all. There were no more questions, suitable unit of our Kowloon future activities, indicating as it eatsblishment. The site for the does the consistent policy of ex-and the report and statement of new one is on ground purchased pansion and progression which accounts were thereupon adopted two years ago, immediately our Board have adopted in the unanimously. behind the engine shop. This management of our affairs. In

On the proposition of the Hon. ground had to be levelled, but is endorsing this policy I am con- |now about ready to receive the fident that I voice the senti- Mr. Chau Siu-ki, seconded by

ments of BII new building.

The lengthening and widening who

communication

Question Whether there is a Soviet re-

Auster,

the

that

Zone

Trade

1.7 material change or tion whose dealings had ever modification as a result of inter- been brought to light.

When handed the memorandum, heavy losses views with the Soviet represent-

said Mr. Jenkin, the shroff could through the ative.

not read it. He had stated into Question. Whether Dr. Sun Yat-sen in-evidence that all he could see on which tends to give the Soviet or So-the back of the memorandum was they had a small commitment of

"black spots."

"We have all $370 to Bishop Heaslett, money cialistic form of government and

expense.

balance would

be

There is a Soviet representative in Canton the is now on a visit to

He has himself the North) stated in the public press that his Mission is similar in aim to that of the Soviet Delegation in London.

Question.

say

that

shareholders

our

4

or "Red" military organisation aseen black spots trail across the collected in Hongkong for church/Power, to take the place of with confidence, and I can only lides that we should not develop? Whether the Soviet Govern-trial in Canton or in any other paper sometime," said Mr. Jenkin, Purposes towards reconstructioning down old buildings which that is being adopted, is intare should be the greatest of

ment or its representative has part of Kwangtung? promised to advance to Dr. Sun

ment any

is the amount of such advance | Sun and the consideration for the form grant thereof?

Ansuer.

The reply to this question is in the negative.

Question. Whether any funds whatsoever have been received by Dr. Sun Yat-sen or the Canton Govern- meat from Soviet sources?

Answer.

Answer.

character.

1

has not yet envisaged the general Gompertz said there were dis an im- crepancies of gravity in the adoption of Socialism as mediate object of policy in Can-shroff's evidence. too or in any other part of The jury were absent seven mously agreed to.

the Kwangtung:

minutes, and, returning, There is a report in the enemy foreman announced that they The reply to this question is press in Hongkong that Com-were unanimous in recording a also in the negative.

munism would be enforced in verdict of "Not guilty." Canton on the 1st of April. The Accused was accordingly dis- Whether, as a consequence of date is significant! This is a charged. interviews with the Soviet re-frigid and calculated lie.

Question.

3

PAGEANT OF EMPIRE.

THE WORLD FLIGHT.

H.M. the King to Open Exhibition.

IF

Loadoo. March, 19.

Start on Third Lap. Eugene, Oregon, March 19.

The three United States army

la the House of Commons, air cruisers attempting a world moving an estimate of a hundred flight left here on their third lap and eighteen thousand pounds this morning.--Reuter.

sterling expenditure on the Em-

pire Exhibition, Mr. Lann stated growth of the Empire and the that it had been definitely decided Empire as it is to-day.

HOME FOOTBALL.

THE LATEST RESULTS.

London, March 19. In the First Division of the English League, Liverpool beat Sunderland by 4 goals to 2, Notts County defeated Newcastle by 2 to 1, and West Bromwich defented

that H.M. the King will open the The services of leading British Preston North End by 2 to L exhibition on St. George's Day, artists had been secured. April 23rd.

Mr. The Scottish Cup replay be- Louis Parker, Sir F. Benson, Mr.tween Airdrieonians and Ayr, With a view to capturing the Granville Barker, and Mr. Rud-played at Glasgow, resulted in a imagination of visitors, the Gov-yard Kipling had been responsible draw of one goal each.

In the Scottish Lesgue, emment is embarking on a novel for most of the Libretto, whilst scheme of organising a "unique Sir Edward Elgar would compose. Aberdeen defeated the Rangers

by 1 to 0.--Reuter," paguant depicting the birth and the music-Reuter.

LONDON TRANSPORT

THREATENED.

London, March 19. The Transport Workers' Union has ordered a strike of all the London tram and bus workers, from midnight of March 21, fail ing a satisfactory agreement in the meantime.Reuter.

TO-DAY.

Closing Exchange 2a. 4. 3/16 Barometer 2.p.m. 30.12 Temperature 2 p.m. Humidity 2 p.m. 54 Tighting 13p-Time 6.34.p.m.

63

aro

necessary.

BUSINESS MATTERS.

you

shareholders Mr. E. M. Raymond, Sir Paul have the well-being (Chater and Mr. H. P. White Were

Company at heart. re-elected Directors of our No. 3 Dock at Kowloon of our to enable it to take the ordinary Suitable shipbuilding and repair- Mr. E. Abraham proposed and modern coast steamer, will have ing facilities are a vital require Mr. Perry seconded, the con- to be undertaken at an early ment to this Colony, and the firmation of the appointment of opportunity. This dock is now too efforts of our Board to continually Mr. J. P. Warren as Director. This small to be employed advantage-improve our establishments to was unanimously agreed to.

It was proposed by Mr. T. EL ously. The levelling of the hill cope with its ever-growing needs,

at the back of our Kowloon is further evidence not only of Pearce and seconded by Mr. G. properties, to form a site for the the foresight but of the public-W Sewell that Mr. Percy proposed 1,200 feet dry dock, will spirited policy of our Directors. Smith and Mr. A. R. Low be re- be completed in about twelveSo long so this policy is adopted elected auditors at a remunera- month time. Probably before I am sure we shall always get tion of $1,500 each. This was that time, your Directors will reasonably good returns on our carried unanimously,

tradeThis was all the business, the have made arrangements to start property, even when

work on this dock, which is most conditions are-as bad as they are Chairman announcing, that diri- essential not only for the farther to-day. I would like to join with dend warrants would be ready prosperity of your Company, but our Chairman in his word of