1927-05-14 — Page 22

16

HOTELS,

THE

HONGKONG

HONGKONG HOTEL: REPULSE BAY HOTEL: PEAK HOTEL Telegraphic Address: "KREMLIN, HONGKONG.

AND

SHANGHAI

ASTOR HOUSE HOTEL; PALACE HOTEL; MAJESTIC HOTEL.

Telegraphic Address: "CENTRAL, SHANGHAL"

HOTELS.

LIMITED.

In association with the Grand Hotel Dea. Wagons Lits, Peking.

KING EDWARD HOTEL

ROOMS AVAILABLE FOR THE PUBLIC. Highest degree of comfort and taste.

Invish decora Renovations and tions Just complied every modarn convenire catering de tuan; best- food nd quors.

Managh, J., Witchell..

Each room has hot and sold water private phono, box mattress 'te. #patious publia tasililios; attention and service,

Phono Ct, 373. Cables Victoria," Hongkong.

HOTEL SAVOY

When in doubt, make it The Savoy!

KOWLOON HOTEL

PREMIER HOTEL IN KOWLOON Modern Toilet System.

Elevator and Telophones to each floor. Smoking Room and Saloon Bar. First Class Billiard Table

Recently renovated throughout.

Manager's Personal Attention

Tels. K. 608-609.

Cables KOWLOTEL. HONGKONG

PALACE HOTEL.

H. J. WHITE

Manager

Tel. Address “PALACE." Tel Kowloon No.

Three minutes from Kowloon Wharf, Ferry and Railway Station. Entirely under English Management. Electric Light and Fans throughout. Every Room with Private Bath. Lounge, Bar and Billiard-Rooms. Unrivalled Cuisine under the personal superviston of the proprietress, Terma moderate... Special terms to families on application to:

EUROPE

After-dinner dancing every

Tuesday, Thursday

and Saturday.

Mr. J. H. OXBERRY, Proprietress.

. Cables :-

** EUROPE"

Singapore.

HOTEL

SINGAPORE.

Grill

THE EUROPE HOTEL. LTD.

Arthur E. Odell, Managing-Director.

ASAHI

BEER

Special Brewed for Export

DAI NIPPON BREWERY CO., LTD. TOKIO JAPAN

Sole Agents. MITSUI BUSSAN KAISHA, LTD. HONGKONG.

Printed and Published for the Proprietor by FREDERICK PERCY FRANKLIN, at 1 and 3, Wyndham Street, in the City of Victoria, Hongkong. ››

THE HONGKONG TELEGRAPH,

FISHING BOAT RAIDED.

OCCUPANTS NAILED DOWN IN

MATCH:

The master of fishing boat No, 1571 has reported to the police that at about one a'clock yesterday, while his vessel was anchored in Cheung Chau harbour, off Sai Wan, as he was preparing to go out fish ing, a dingley came alongside, and two men, one carrying a revolver and the other a chopper boarded his buat.

The master called for assistance but the man with the revolver threatened to shoot him dead if he did not keep quiet. They bound him and thrust him into the hold, and after Searching his wife, three young sons and two daughters, drove them into the hold also, and nailed down the hatch.

the men had stolen money, jewel- lery and clothing to the value of $166.

ÇAVALRY TRAINING.

SATURDAY, MAY 14, 1927.

"PROVIDENTS.”

(Continued from Page 1.) $1,828,901.22, from which you will notice that the Company has ap- plied funda ng released to us to- wards a reduction of the debt on The account so re- Mortgages, duced was the balance due to the Standard Oil Company, and al- though not appertaining to the period under review, I am glad to say that since the date of the Bal- ance Sheet this debt has been fur thor reduced to $500,000-being about half the figure. It stood at a year ago.

The overdraft with our Bankera has increased only to a small ex- tent relatively.

Sundry Creditors $115.333.29 at 31st. December, 1926, hayo been very substantially paid off.

The Assets.

UNIQUE STATUETTE.

of

The bout got under weigh, and about an hour later the master heard the anchor drop, and sounds

As to the Assets, gentlemen, iu The figure shown in the plcture which indicated that the robbers the Property Account, except to were searching the boat, after record certain payments we made above, is attracting rauch atten- which they left.

the greater portion of which were tion at the salon of Messrs. Komor After waiting for some time the in the nature of improvements and Komor, and the story connect- master forced open the hatch cover amounting to $45,417.20. no adjusted with it is not without a touch and found that they wore an

ment has been necessary to the ex- chored off Ha Kung, Lan Tau is tremely conservative figures deter of pathos. Ishin Kaneda, one of land. His wife freed him from mined by expert valuation last the most celebrated artists his bonds, and, on making an examination, it was discovered that year. investments stand at the Japan, is nearly 80 years of age, same figure; we have not even-had the benefit of the nominal stock and, not very long ago, he decided exchange quotations in order to to create an ivory and bronze arrive at values in so far as the figure which should be a living bulk of our investments is con- cerned, and it has therefore been likeness of himself, to leave to his impossible to make any adjust-family in memory of himself and' his art. The task took a year of Loan Accounts are shown under various heads, as was the case last patient labour, but when finished, year; the total amounts to $3,323, those who know Kanedo, stated 503.11 against which specifte re- that the work was the result of a wonderful inspiration.. At first serves have been provided to the extent of $1,420,235.52 leaving a sum of $1,930,357.53 which, as far he refused to part with it, but he be foreseen, is, in the was ultimately persuaded that he was healthy and strong enough to opinion of your Board, good.

The circumstances which attend-make another. The bronze part ed the creation of the majority of is cast in a soft mould which can now in our used three or four times, but the Loan Accounts all recruits enlisting for cavally books are dealt with in an exhans. the face and hands, which are in of the line to be despatchell direct tive manner in the Report of the ivory have to be carved by hand," from the places of enlistment to the regiments with which they will Investigation Committee, and it is fact which preserves the unique unnecessary therefore to refer to individuality of the two figures undergo their recruit training,

them again. From June 1, the cavalry per- sonnel arriving from abroad who

CANTERBURY DEPOT TO GO.

London, May 13. HM the King has approved of the abolition of the cavalry depot at Canterbury, with effect from

June 13.

The Army Order which makes this announcement states that ar- rangements have been made for

sent to the

mont,

as can

which have so far been created.

FRENCH REVENUES.

Loans against security of pro- perty are comparatively satisfac would have been

tory as a whole, and it is probable cavalry depot in accordance with than when local property values the King's Regulations, will be improve, realisation in full, or at sent to the cavalry regiments un-any rate within the reduced figure

BETTER THAN LAST YEAR. der instructions to be issued by determined by the Reserve might the ofeer-in-chief of cavalry be anticipated. I might add that

Paris, May 13, The revenue returns for "April Canterbury-British substantial sums have been collec-

ted from the Hongkong and Ter-totalled 3,786 million franes.. The ritorial Estates, Ltd., since the receipts from permanent "normal date of the Balance Sheet.

escorts Wireless.

at

CATHEDRAL HALL DANCE.

ST. PETER'S YOUNG MEN'S CLUB.

.

sources reached 3,658 million, showing an excess of 1,022 million Compared with April, 1926.- Havas.

Unsatisfactory Loans.' The position in the ease of Loans against the security of shares is, however, extremely un- satisfactory. Receipts of interest of paper, but they become real as during the year under review have soon as the capital is written down been negligible in comparison with second dance of the season, organis- is evident that even were local

In spite of the warm weather the the capital involved. I think it to the extent of the deficit which ed in connexion with St. Peter's share values to rise to a level any Church Young Men's Club, which where near those prevailing before was held at the Cathedral liall last the strike and boycott in 1925, the evening, proved to be very enjoy-sums derived from liquidation of The these securities are not likely to able, and well attended. "Titanin" Melodians Band was in meet the balance outstanding in attendance, and refreshments were our books, but a sumelent Reserve provided.

has been allowed for.

Credit for the success of the dance is largely due to Mr. G. Zimmern, the secretary. The next item on the season's programme will be a picnic on Monday, invita- tions for which have been sent out.

STOP PRESS.

OPPOSING ARMIES

CLASH.

An Offer of Settlement. Loans under Sundry Security are comparatively small, and the Reserve provided would appear to be ample. There is, however, an important balance of well over six lakhs

of dollars under Loans without Security against "which a Reserve of about $687,000 has been provided; the principal account under this head is the debt of Mr. Tong Hok-ting, in respect of which

as you have been told is equivalent to $5 per share. You have already on a previous occasion accepted the principle of a reduction of capital, and it is the intention of your Beard to carry out this scheme sometime this year by convening the necessary meetings preliminary to an application to

the Court for sanction.

New Cash Wanted.

The reduction in the Capital is merely a formal act, and unfor- tunately will not place the Com- pany on a sound business basis unless it is followed by the receipt of new capital in cash, to relieve the Company at least in part from its heavy liabilities. There is no prospect of fresh capital being available in the present state of affairs in Hongkong, and we are, a substantial offer of settlement therefore, left with the only re- has been made through Messrs. source of liquifying as best as. Shewan, Tomes & Co., under conmight be the important sums fro- situa-ditions which have been disclosed zen in loans. This course is more to you. The conditions relate to or less forced on us, and is in our the future management and also opinion the only possible way of the Compradoreship of the Com-reconstructing the Company. pany which have been, as you know, referred to a Poll to be taken in a few days, not for the decision of the Shareholders, but merely for the guidance of the Directors as to the wishes of the

Hankow, May 13.

There is no change in the tign-Najul Wireless.

Wuhu, May 13. The Northerners are holding the front from Liuanchow to Lake Hochow. It is confirmed that they are onnosed by the Southern forces consisting of the 7th, 10th, 15th, 27th, 37th and 44th armies.

¿

1,1

The Prospects.

The Company, in so far as its Godown business is concerned, can earn good profits in normal times;

The Southerners are advancing majority of the Capital on these it has the support of old clients, and Appear to be threatening the important points. Your Directors and the sooner its interests are Tientsin-Pukow

their confined to storage of cargo the railway. Some have not changed Northern forces are retiring-opinion that, if the offer is main-better it will be for all concerned, Gentlemen, you will want to Navul Wireless.

tained it should in the interests: of the Company be accepted, and, hear something of the prospects As regards the Chiang Protests.

in that event, the Reserve which is of this year." Nanking, May 13. referred to will be almost wholly Loan section, the position has A protest in the name of Chiang available for transfer to the Gener- been explained to you the policy of your Directors must necessarily Kai-shek has been received by the al Reserve,

All Bad Debts relating to Ship-be to liquidate without undue Until this is done, in- British, American and Japanese senior Naval Officers against their pin and Storage prior to 1920 sacrifices. firing in the neighbourhood of have been written off and the Bal-terest on our debts will continue to ance of Sundry Debtora of $67,- be a heavy charge on our earnings. Kiangyin and Shihainliu. A 157.36 is considered good; since regard to the Godowns, businces the end of the financial year this has recently shown a marked im- provement which we hope will con- Japanese and American des- figure has been reduced to approx-tinue; I might say that space has troyers have recently been fired imately $6,300,

reply has been drafted.

on at Wuling-shan and Halakwan. Computing Probable Loss.

The vessels replied to the fire.- Naval Wirclesa.

Chingkiang Occupation,

Chingklang, May 18,

+

Entertainments QUEEN'S

TO-DAY ONLY

WIFE WANTED

Vetro

Goldwyn

TRY AND STOP LAUGHING AT

BUSTER

in

KEATON

SEVEN CHANCES

it's a scream.

and

RAFFLES

THE MAN OF MYSTERY

presenting

CHEATING THE GRAVE

THE GREATEST ILLUSION

OF ALL TIMES

-TIMES and PRICES

2.30

5.10

Circle $1.00 Stalls 80 cts, & 40 cts.

7.15

9.20

Circle $1.50 Stalls $1 and 60 ets. BACK STALLS 50 cts. FRONT ..

30 cts.

SERVICEMEN

TO ALL SHOWS

WORLD

"TO-DAY ONLY

at 2.30, 5.15, 7.15 & 9.15

RICHARD DIX

im

"TOO MANY KISSES"

How many are "TOO MANY KISSES ?" "The screen's fastest rising favourite tells you in his fastest and funniest picture.

-STAR-

TO-DAY ONLY

2.30-11.15 CONTINUOUS

EDMUND LOWE AILEEN PRINGLE

in

SOUL MATES

A THRILLING COMEDY--DRAMA

by

ELINOR GLYN

ADDED ATTRACTION-

AT 9.30 ONLY

THE DESERT RATS Featuring

OLD" TIME SONGS & MELODIES.

been none too plentiful-in fact it may be necesary for us to find near temporary accommodation Gentlemen, whilst your Board our central godowns if the demand has been careful in computing the for storage space should grow; ; probable loss, on your assets, the Our godowns have been well main- figures must necessarily remain atained, but improvements and al- question of opinion, but to meet terations have had, of necessity, to Messra. Jardine Matheson's rethe possibility of any further loss, he postponed in view of the Com- sidence has now been occupied by your Board decided to increase the pany's financial position. Two troops..

General Reserve to $736,437.61; blacks of our godwns, including The following is the disposition lan), No. 2 Uj (Japanese), No.. The Commissioner for Foreign this reserve you will notice is not the largest, have been lot to the of warships now in harbour. 6 Sepoy, No. 9 Thracian and Ster

terma North Wall, Fortol, East Wall, ling, No. 10 Somme, No. 11 Bruce, Affairs has requested General Ho specifically earmarked and fe con- Military Authoritica on to order the removal of all troops cuently available towards any which give a fair return for these Submarines 1.15 and L.19, West No. 18 Ruthenia and Kharki, No. contingency which might arigo. times; we rather expected a high- Wall, Titania, Dockyard, Wyvern, 25 Helena (U. S.) No. 2a Maine from foreign promises.

The Reserves, Gentlemen, doer return, but wo were glad to have Verity and Moorlake, Talkoo, F.M, Ships Frobisher, Dragon, not at present go beyond the realm been able to meet the Military Aphis, Kowloon Dock, Hermes and Dauntless, Delhi and Danse are

Authorities,

Ladybird, No. 1 buoy, Volls (Ita-out on exercises.

More troops are expected from Nanking.-Naval Wireless/