1926-02-27 — Page 12

HONGKONG TO EUROPE.

A SPLENDID OPPORTUNITY

TO TRAVEL FROM HONGKONG TO EUROPE IS AFFORDED BY THE LARGE AND LUXURIOUS

SAMUNARD LINER

S.S. "LACONIA "

Via INDIA, CEYLON, EGYPT and MONACO Due to Sail from Hongkong at 7 a.mi.

on the 23rd March, 1926.

"

FOR PASSAGE RATES and FURTHER INFORMA- TION APPLY TO-

THE TOURIST DEPARTMENT.

OF

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YOU NEED LIFE ASSURANCE.

CHINA UNDERWRITERS, LTD.

CAN COVER YOU.

THE HONGKONG TELEGRAPH.

BANK MEETING.

SATURDAY, FEBRUARY 27, 1926.

tion I might remind you of the HAINAN STRANDINGS. views of the Hon. Mr. A. O. Langt expressed at the annual meeting in

1028, when he said "no develop-BOTH CAPTAINS EXONERATED. ment of trade facilities at Canton

(Continued from overtenƒ}( country's favour of late, and this an in the long run be detrimental The Marine Court of Enquiry is reflected in the improvement in to this Colony, and our Chinesao resumed its examination of the concerning the Japanese exchange, which has ap-friends can be assured that British circumstances. preciated from the low point of polley in this matter is bounded grounding of the ss. Hunan, and 1/7.8/16, touched last year, to the by no such narrow outlook as that the a.. Kweiyang, at the Harbour;

Office this morning. present level of 1/10% and it attributed to it."

Capt. Martin said there had once secma anfe to predict h sure. If It goes without saying that con- gradual, return of Japanese cur-siderable loss has been indicted been a reef in the vicinity which rency to gold point. Further bor-on the Colony by the boycott, which had since been expunged, and rowings abroad are probable, in has furgrantly violated all Treaty Captain' Mekenzie, recalled, suid the near future, for the purpose rights, but the greatest injury has he had not previously heard of such of the reconstruction of the city been done to Chinese themselves. rect.

After an hour's retirement the of Tokyo, and there is no doubt I am confident that the good sense) Any offerings on the London mur- of the bulk of the Chinese people Anding of the Court in the case of ket receive a favourable recep- will in due time prevall and that the As Hunan was that the navi- normal friendly relations between gation, prior to the first grounding, Reports from the Philippines in- Hongkong and Canton will be was gerrpet, and that no raruless. dicate that the Islands enjoyed a restored. The set-back at present neas or neglect Bad been displayed, suffered will then speedily be made Positions, given in evidence, were prosperous year in 1925, large sugar crop

sold WIS

good and prosperity will return to correct, and an apparently safe The Court this Colony which has unquestion-course was steered.

was of the oplation that the second, ably a great future before it.

grounding was caused through the ship refusing to answer her helm

tion.

The

nt

remunerative prices, while hemp, tobacco, copra and other staples were profitably marketed. The prosperity arising from the sues,

THE BANK'S STABILITY.

1/

consful export trade of the Coun- In view of the fact that the when under storage way. Capt. try induced a corresponding in-Corporation's most important field McKenzie was exempt from all ercase in the demand for imports. of operations is Chinn, and bear blame, and, after each grounding. the abnormally he did all in his power to get his Trade conditions in the islands ing in mind may be said to be good and the troublous year through which we ship off.

have puszed I think you will agreci In the case of Ahe Kweiyang, the prospects for 1920 promising

with me that the balance shoot Court found the grounding of that Before concluding, I desire your placed before us is eminently satis-bont was caused by the tow shackle approval of the action of the

factory, and that our heartiest con- with the .s. Ilunan parting, and Directors in voting a well-deser gratulations on the splendid year's leaving the bout in an unmanage ed bonus of 18 to the stall on working are due to the Directors, able state in dangerous waters. their salaries. It is largely owing the Chief Manager and his staff. They considered she grounded be to their loyal support, and hard The stability of the Bank should fore Captain Marvin could get her work, at the Head Office and all give pause to those who think clear, Capt. Mantin was exemp brapthes, that our Chief Manager that they earf ruin British com-from all blame and he was fully has "been able 10

carry merce and the fortunes of this justified in going to the assistance wul his · policy. which, dur-Colony, and give heart to all of us, of the sis. Hunn, Considering all ing a period of unprecedented who, whatever troubles may be in eircumstances, the Court thought difficulties, especially in the Far front of us are prepared and de-he did everything possible for the Kast, has enabled us to put before tormined to face them. We are safety of his ship. you such fine results for the year so close to the events happening The finding concluded with 1925. To our Chief Manager we around us that we are somewhat general warning to shipping, can- owe our deepest thanks for soapt to be obsessed by them. Itioning them to give, the uncharted ably maintaining the Bank's highs therefore very pleasing to learnpatch a clear berth.

MODERATE PREMIUMS-ATTRACTIVE PLANS position in the financial and bus from our Chairman of the sub-

Write or phone to

ness world. 1 now beg to pro-stantial prosperity now being en- puse the adoption of the report oyed in the Straits Settlements Arab the beauty of and statement of accounts. After the proposal has been seconded after a period of great depression; and before placing the motion be that eur Japanese friends are re- from the disastrous LIFE ASSURANCE DEPARTMENTfore the meeting, I shall he plea-covering

sed to answer to the best of my effects of the earthquake; and

questions. St. George's Bldg., ability any

which that the Philippine Islands are en- shareholders may have to ask. joying increased prosperity. PAE think it is not too much to hope) SECONDER'S SPEECH

that ere long Hongkong will again- Mr. D. J. Lewis, in seconding, by enjoying its fair share of good

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said:3. Chairman: ladies and

Ladies and gentlemen, we gentlemen-We have already el served from the telegrams whigh all very proud of the Hongkong have appeared in the local Preda and Shanghai Banking Corpor

Incorporated here Some of the deep interest taken by finar-ion. elat circles in London in the pre-sixty years ago by the foresight liminary announcement which was of our predecessors, built up made by nar Directors before the under the wise guidance of its balance sheat itself was published Directors, by the genus of suc- and I venture to think that our sessive Chief Managers the Bank Chairman's speech to-day will has grown to its prosent communi evoke greater world-wide interesting position. But the wisdom ani. than ever before in the history of its fortunes could not have led foresight of those who have guid- the Corporation. For many years it to the position that it holds to past it has unfortunately been no cessary for the Chairman for the day bad it not been for the whole- hearted service of an able loyal time being to refer to the political and devoted stuff.

We owe unrest, to the wars and rump great deal to the present staff and of War in China, and to the. X- I am sure you will fully concur ploitation of the province by suein all that the Chairman has said cessive war lords. The past year of them and will heartily vote has probably been the worst within them the suggested bonus which the experience of any of us here they so well deserve. Mr. Chair! present, Al the usum troubles, I

now beg to second the

rerait and in addition the out-adoption of the reports and ac-' break of anti-foreign and particu-counts which have been placed be

arly anti-British feeling has added fore as.

to our difficulties. It may be, us!

our Chainman has stated, that this)

The Chairman:-There being

outburst is partly due to a growing seit and seconded by Mr. "D. J. no questions, as proposed by my spirit of Nationalism amongst cer-Lewis, the motion now before the meeting is the adoption of the re-

tain sections of the Chines 14-

tion, but it is must certainly large port and the statement of accounts ly fostered by Bolshevik emissariesi who can only attain their own ends Those against? Carried unanim-

as presented, Those in favour?) through others' misfortunes. 11. ously,

BUSINESS MATTERS.

hus often been stated that a antion has the Government which it do serves. This is certainly not the

Mr. T. E. Pearce proposed anti frase in China. We know that the

bulk of the Chinese people are en-je. Ho Kom-tong seconded the tured, industrious, and peace lov-confirmation of the appointment ing, but the various Governmenty of Mr. D. G. M. Bernard and the foisted upon them are self elected re-election of the Hon. Mr. P .' and self-imposed, totally selfinter. exted and in no way representative olyank, Mr. G., M. Young and of the people whom they oppress, Mr. T. G. Weall, as Directors.-- Underwood wins World's whilst profcesing to govern.. 1 The motion, was carried unagine Typewriting Champion to be hoped that this growing only, ship for 20tly cousoentive spirit, of Nationalism will app year, Albert Tangora recease to vent itself in antagonism, thing his title at 130 net fereigners who like ourselves ar and Mr. J. F. Wright reconded, words à minute for one well disposed towards China, but

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THE WILAMPOA SCHEME.

Captain T. Arthur preposed,

the re-election of Messrs. C. Ber- hard Brown and Mr. John Flem ing as auditors.--The notion was carried unanimously.

The Chairman:-That is all

With regard to our own local the "business. conditions, we fully agree with the

I thank you for

Chairman's remark that "Canton your attendance. Dividend war

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ly dependent on Canton," and if the hot-heads in Canton think that! they can ruin Hongkong, they will soon find that they are badly mis- takon. The idea of converting alther Canton or Whampoa into a deep sea port and thereby depriving| Hongkong of its natural importance) Įis no new one, and in this connec-i

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