1927-06-23 — Page 5

THE HONGKONG TELEGRAPH.

GRAND PROMENADE

CONCERT SEASON

at the

LEE GARDENS

FULL MILITARY BAND, PIPERS, DRUMMERS & DANCERS

of the

1st. BATTN. THE CAMERONIANS

(SCOTTISH RIFLES)

By kind permission of Lt. Col. E.B. Ferrers, D.S.O.,'

Commanding, and officers.

THE OPENING CONCERT

will be held on

SATURDAY, JUNE 25th at 9.30 p.m.

A REAL MUSICAL TREAT IN AN IDEAL SETTING

Admission:-

$1.50

SERVICE MEN IN UNIFORM HALF PRICE

In the event of inciement weather the concert will be held in the Lee Theatre adjoining the Gardens.

SUPPLIED

DELIVERED

WAYGOOD-OTIS LIFTS

ERECTED

SOLE AGENTS

MAINTAINED

DODWELL & Co., Ltd.

FRECKLES AND HIS FRIENDS

RATS RATS!

RATS!!

THURSDAY, JUNE 23, 1927.

MISSIONS TO SEAMEN,

REPORT OF COMMITTEE. The annual report of the Missions to Seamon in Hongkong for 1926, hns just been issued and states, inter alia

The sad condition of affairs in China still continues to affect the work of the Society, and it would be hard at the time of writing for anyone, however, export in know ledge of China and the Chinese, to predict the ultimate outcome of the upparently unceasing turmoil. We ard, however, very thankful that we have in spite of every difficulty been able to keep the flag flying without making any very stringent re trenchments.

THE TRADE LOAN.

REPORT BY COLONIAL TREASURY.

the

The following report on Colony's Trade Lonn by the Hon. Mr.

C. Mel. Messer Colonial Treasurer, is just published:

The first loan was made on 16th November, 1925 and by 31st De cember, 1926 the loans fasued on the recommendations of the Trado Lean Committee had reached total sum of $15,524,688,46,

4

During the period under review repayment of Principal monica was effected to the extent of $2,- 604,930, and the outstanding loans on December 31st, 1926 totallod $12,919,058.40. Interest in arrears amounted to $117,169.42.

The Institute.--Little changes

No call was made on the Colony'a have been made, beyond the neces sary and usual effort to ensure funds, the Loans being financod the minimum of waste and the by borrowings from the Straits maximum ef economy without Settlements Government, the West letting those who use the Institute African Commissioners and Hong- suffer. Nevertheless for the great- kong and Shanghai Banking Cor- was poration amounting in all to £1,- er part of the year it run at a loss, as, owing to the long- 800,000. During the year £400,-

000 of this was repaid. Const continued boycott, many Officers and Engineers were out of employment, and while some of them received temporary assistance from the Colonial Government, there were also very many who did not come within the terms of re- ference which qualified them for that help, and we could not turn such out with nowhere else for them to go. In consequence the drain on our very slender resources was more than we could renily bear. The boycott was not even partially lifted till the very end of the year, and though then most of the officers left in the Colony were able to get jobs, there was no chance before our books closed for the year for them to make any repayment of the debts thus incurred, amounting in all to nearly $2,000.

Kowloon institute.-Our pro- perty in Kowloon at the early part of the your was about to be let, when two careful examinations by experts of the structure of the building showed one of the prin cipal walls to be in such a weak state that only very expensive re- pairs would make the place safe. This our finances would not allow, and we lind at last to surrender the site to the Colonial Government, from which we had held it on a charitable lease for some forty years.

man

The loan has been issued to ap- pliante with two or three excep tions on the security of mortgagee Interest is on land or shares. payable quarterly at the rate of S per cent per annum inerensing 2 per cent. per annum every half year, with the proviso that when the interest is 9 per cent, or over, per cent, is deducted if such in terest is paid within ten days of being due.

135

OUR CROSSWORD PUZZLE.

Ma

39

42

ان کائر

1' Journey,

IS

Horizontal.

6 Mountain laurol."

7 An actual happening.

11 Detested.

13

Manner in which a property may be acquired.

20

52

257

8 Paid publicity.".

Assistant clergyman.

10 Emperor.

12 Scorns or dislikes.

10

13 Man in charge of a business (pl.).

17 Bohold.

10 To depart.

20 Bard.

י,

24 Employer of property.

28 Strong low cart, t

27 Morbid condition caused by drink-

22 Bound. 14 Hypothetical structural unit.

Тупіскі. 16

San god, 18 San

clip a bud. 19 To 21 Sage. 21 22 Black viscous liquid,

25 Entrance, 28 Liquid food, 27 Essay

29 Acquiesced.

F:

31 Examination. 82 Metallic element.

The financial dealings of the Trade Lonn are kept separate and distinet from the Colonial Govern- ment Account. An account is kept with the Hongkong and Shanghai Banking Corporation in Hongkong which is a debit account 38 secured by the deposit of gold with that Bank in London,

Safeguarding Exchange.

It was realised that the effects of any sudden drop of the silver exchange would have to be cars- fully guarded against. The loan to the Hongkong Government was in sterling and interest on such and repayment would have to be. in sterling. On the other band the loans to persons in Hongkong are in silver and repayment la also made in silver. Since the loan was initiated and up to the present time the dollar has drop- ped about 4d. in sterling value. Thus if sterling had been changed into silver this would have meant a very serious loss."

per cent per annum. This de- posit must always be sufficient to dover the debit working 'account of the loan in Hongkong.

Entertainment of Members of the Mercantile Marine and Fighting Services.--It may not be amiss to

This difficulty Was overcome say something here on this much discussed subject. The value of with the assistance of the Hong- what we may term Institutional long and Shanghai Banking Cor ordinance Effort, that is work done in and poration. Under the through such Organisations as the governing their note issue, they can issue notes in Hongkong on Missions to Seamen, Y. M. C. A,

to cover) Social Clubs, etc; is too well proved certain conditions as to need any demonstration, but The sterling lent by lenders to the there is a way of entertaining Hongkong Government has been which is often overlooked! True, deposited with the Hongkong and it cannot be adopted in as extensive Shangh Bank and as the other a manner as one would like, but we securities held by the Bank against are convinced that.what any decent their notes issue, this gold de- belonging to those services posit has been treated as a de- We posit upon which the Hongkong and misses most of all is "ome." are nearly all of us foreigners in Shanghai Bánking Corporation al- lows the Hongkong. Government a strange land, but some of us are fortunate in being able for a time 1 to surround ourselves with comfort approaching life in the Old Coun- try. We have our houses, our own books, our gardens, and above all The conditions of lending the our own firesides, and these men money to the Hongkong Govern- whose professions keep them con ment include a clause that on a tinually on the move deeply appre-edith's notice the Hongkong Gov- ciate even just one evening spent ernment can repay in part or in in a private house, a simple meal, whole the amount lent by any of a yarn over the fire, a little music the lenders. The Hongkong and 'perhaps, or a hand of bridge. Insti- Shanghai Banking Corporation tutes are a great means of introduc- also charge per cent per annum tion, and those helping there must or debit balance as cost of work- meet and get to know many men ing the note issue and are relieved quite well. If only now and again of payment of 1 per cent stamp one or two of those men could spend duty on that same amount. The such an evening in proper homo at-sterling loan is at 5% per cent, 11⁄2 mosphere, the benefit would be im- per cent. is received for deposit on mense. There are, we know, often current account When; either difficulties and disappointments. I owing to the fall in the silver ex- Arrangements are made, and then change or on account of repay- upset by "exigencies of the Serments of loans to borrowers in vice," attempt after attempt fails, Hongkong and the receipt of in- « and so on, but it is well worth keep- terest on loans, the debit halanco account ing on, and we would humbly put in the Hongkong Bank forward this suggestion in the hope fails considerably short of the that some of cur and their friends equivalent aum deposited in gold ut least may find it possible to en-in London, notice is given to re- tertain along these lines. Home duce the loan to the Hongkong Government. Already the whole counts every time.

amount lent by the West African Commissioners has been repaid.

Finance.The loss of trade has caused many of our generous sub- scribers either to curtail or to with- draw, we hope only for the time, in that work as well as a serious their gifts and as we are labouring overdraft at the Bank, we can only under the incubus of the Praya plead for more financial support. East Reclamation and our share than we are at present getting.

BOW

Wow

HAHA ANA

AHAAHAHA

BOW

HARAHA

HAHA

Wow

BOW

Maybe He'll Cry

WOW

WHAT IN THE WORLD

•15 THE MATTER

・WITH YOU?

35

33 Exclamation of inquiry.

A second entry. Therefere.

37

Electrified particle.

10

Fruits of the blackthorns.

41

To stitch.

42

Person who has an excessivo re-

gard for wealth.

46

Picces cut. e 40 Speciße

ments. 47 Salty.

To make a mistake.

1 Lean.

rhythmical

arrange-

..Vertical.

2 Pungent root caton as a relish.

Neuter pronoun.

B

4 Through the agency of,

6 Arched ceiling.

7: Because.

ing tea to excess.

28 Central cylinders in plant stems. 29 Changes the fit of a garment.

30 To doze.

34 То sharpen a razor."

36 Correlative of nolther.

37. Observed.

39 Negative adverb.

41 Type of snowshoe. 43 To subsint.

16 Deity.

Yesterday's Puzzle.

TA! TOTO NES EPERTO

HOLIDAY TRIPS.

Complete arrangements made for tours of North Chino, Korea, Japan, including steamship and railway tickets, Hotel and sleeping car reservations. Sight-seeing with native guides, etc..

Other holiday trips arranged to the Philippine Islands, Java, Indo-China' and India.

Baggage and Accident Insurance.

Carry American Express Travellers Cheques,

Other Offices in the Far East-Shanghai, Tientsin, Peking, Kobe, Manila, Calcutta, and Bombay. Representatives at other principal points, For complete information apply

THE AMERICAN EXPRESS CO., Inc. Phone C. 1625.

da, Des Voeux Road, Central.

ELECTRO-PLATING.

OVER TWENTY YEARS EXPERIENCE in the Electro- deposition of Metals in Hongkong, places us in a position to offer reliable and efficient service for the plating of articles In Gold, Silver, Nickel and Copper.

||

Artistic finishes in Bronze, Antique Copper, and Oxydized Silver. Polished and Lacquered Brassware.

William C. Jack & Co., Ltd.

ELECTRICAL ENGINEERS,

Tol

Central 358

Hongkong

"CARNATION" MILK

I" HAFTA LAUGH) AT TH WAY IM [RUNNIN' TH DOG

RAGGED/

SAFE FOR BABY

"From Contented Cows”

By Blosser

WELL, YOU'LL STÖP LAUGH) ING WHEN YOUR MOTHER FINDS YOU'VE DONE THE

SAME THUNG TO THE

CARPET

Guarding The food. Supply.

D1927 BY HEA DENISE ING.

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