1927-06-28 — Page 2

CAFE RESTAURANT PARISIEN

Special Notice directed to

THE

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IN BOOKS

15 for $13.50.

30 for $27.00

ICED BEER all brands 50 cents per bottle SPE LA SANDWI HES ,05 cents each

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ELECTRIC RECORDINGS.

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St. George's Building.

"RICKSHAW

BRAND

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From all leading Compradores. PRICE $1.00 PER LB.

B. Guided by the Quality-Not the Price."

wer-full SOCONY GASOLINE

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SCOTT'S Emulsion

The protector of life

THE HONGKONG TELEGRAPH.

CHINA SITUATION.

OVERNIGHT CABLES.

Argus for Welhalwel.

Shanghai, June 27.

PARIS FLIGHT,

TUESDAY,

JUNE 28. 1927.

COMPANY MEETING.

MESSRS. S. MOUTRIE AND

CO., LTD...

The twenty-eighth annual gene The plane carrier H.M.S. Argusral meeting of Messra, S. Moutrie is leaving for Welhaiwal to-mor and Co. Ltd., was held at the offices of the company at 37 Nanking row.--Reuter.

Rond, Shanghai.

A National Exchequer.

COMMANDER BYRD AGAIN DELAYED.

New York, June 27. For the second time in two days a torrential rainstorm caused a last minute postponement of Com- mander Byrd's flight to Paris, the The Chairman Mr. W. T. Isen-sodden aerodromo making a take of very risky although the winds man, said: Shanghai, June 27.

This year has been by no means and weather were very favourable. Generals Chang Hauch-lang and Han Lin-chun, commanding an easy ens for business, especially-Router's American Service.

for those branches of the company the Fengtien forces on the Honan that are in China. I do not intend front, bave decided to jasno mill- to take up your time with a re-appreciation of the work carried tary notes to the amount of petition of the various occurrences

and especially to the foreign staff $3,200,000. The merchants are referred to as you are all well out by the stuff during the year. in Shanghai who carried on notes aware of them. Notwithstanding required to accept these

these setbacks, however, it is with the business and work at the fae- at free value.

great pleasure your board are in Marshal Chang Tso-lin has de-such a position as to be able to tory, whilst the native staff wero cided to establish a National Ex-lay before you a report and which on strike, under unparalleled con- chequer which will not be under I feel sure you will view with the control of the Government but equal satisfaction.

Chank by directly controlled himself-Wah Kiu Yat Po.

THE WUCHOW PARADE.'

Orderly Celebrations on June 23.

Wachow, June 24. June 23 passed off here without trouble. The celebrations began at 7. a.m. when the first company of police entered the parade ground in the eastern part of the city. The police were followed by two, com- panies of armed soldiers and then students, labourers and merchants completed the assembly.

Specches were made and the pro- cession then marched through the streets, creating a deafening noise with bugles and drums. The parado was of mont orderly nature and the proceedings were curtailed owing to a heavy in of rain. No lantern parade was bold, in the evening. And one got the impression that the enthusiasm of the participants in the day's celebrations was merely luke wurm

It was a much smaller parade than those held in the two previous years and we like to take such as a fav. ourable index of a gradual improve ment in the general situation throughout China as well as locully.

AMOY STRIKE.

Great Northern Staff Walk Out.

Amoy, June 23, The staff of the Great Northern Company have gone out on strike for higher wages, but the Tele graph Company have been equal to the occasion and secured twelve foreign assistants to help them.

The Chinese staff have succeed. ed in getting the servants of the Telegraph Company to come out in sympathy with them, but the Telegraph Company are determin- ed to see the strike through and are prepared to import servants from other ports and even to im- port all their own food If needs be,

ditions.

It gives me pleasure to particu- larly refer to Mr. F. Beech, the No Addition to Reserve.

manager of your Kuala Lumpur braneh, who during his first year You will observe that the bal of managership, leads all branek an. Incensed turn- ance standing at the credit of pro-returns with fit and loss account is 392,756.17. over of more than double that of This sum together with $13,098.55 the previous year, and constitut- brought forward from last year'sing an easy record for that branch. account, but less the interim divid- end of 6 per cent. $24,585, Idaves a total balance for disposal of $81.870.02 and which your board recommends pu dealt with 43 follows:

$

To pay a final dividend of 4 per cent absorbing 16,390.00

To pay a special bonus of $6 per share

To carry forward to new account

Total

49.170.00

Resolutions.

That the report and accounts, 4s presented, be passed; Proposed by Mr. W. J. Isenman, Seconded by Mr. K. E. Newman,

That Mr. G. A. Turner's election posed by Mr. W. J. Isenman, to the board be confirmed. Pro- Seconded by Mr. K. E. Newman.

That Mr. W. J. Isenman be re- 16,310.05 | elected a director of this company: Proposed by Mr. G. A. Turner, $1,370,05 Seconded by Mr. W. S. Watson.

That Messrs. Lowe, Bingham and Matthews be re-elected audi tors to the company; proposed by Mr. A. C. Remedios, Seconded by Mr. Fu Youngs.

In regard to thie allocation you will note no additions have been made to reserves 'or equalization The former of dividend fund.

That until otherwise deter- are fully adequate when taken in

of the conjunction with the amount of mined the remaneration our liquid assets, and in regard to directors of the company shall be the latter we prefer to carry for-$4,250; Proposed by Mr. C. M. ward a larger sum, than in pre-Bain, Seconded by Mr. H. W. P. vious years, to the current year's MeMeekin.

difficult

Mr. C. M. Bain stated that on account in view of the times we have still yet to go behalf of the shareholders he through before the local political desired to express his sincere ap- situation is settled.

preciation of the work entailed both by the directors and staff of Gratitude to Foreign

the company in achieving under Sundry Debtors are slightly most difficult trading circumst higher, but by no means diapro- lances in China, and he took t

to the portionate

increased opportunity of congratulating the and directors on their report, volume of business done.

Assets. Under this heading you which was highly ereditable to will note there now appears-"In all concerned. veatments 887,100.39," which re- presenta practically all S. M. C. debentures, and while you note stated that the market value

value has $71,956.95, this of these on March 31, last siderably appreciated since.

Staff.

will

Was -con-

One other item calls for atten-" tion and which is entered on the profit and loss Account "Special transfer to staff superannuation und $19,375." This sum was transferred to the Fund to make good the depreciation of S. M. C. debentures, in which securities the fund is invested in. In the event of these Debentures appreciating former market value, The Telegraph Company have to their

to the replied to the strikers that they re-this amount will revert fuse to be intimidated by any mob company's funds again: In mak- ing this allocation, we feel sure we rule.

is follow- have your approval as toing what has been done in many out

The strikers now threaten bring the electric light people on alrike on Kalangsu.

CHINA CONFERENCE.

Jupan Does Not Intend to Change Policy.

was

instances by local companies, and further the foreign staff have well deserved it by their efforts and success in maintaining and fur- thering the business of the com- pany during the periods of unrest we have experienced during the past two years or 40,

Wholesale Business.

Tokyo, June 27. Opening the China Conference

We feel sure you will view the this morning, General Tanaka, the Premier, reiterated that the ob company's financial position with- out any feeling of uneasiness, Conference ject of the

notwithstanding the general busi- merely to receive reports from the heas depression, or I might say Japanese diplomatic and consular standstill, in China. We are for- officials from China, and to discuss tunate, however, not to have to the best methods of meeting the depend en China entirely, as situations arising from time to considerable portion of your busi-

ness is dure outside China,

Our wholesale business, botu General Tanaka emphasised that there was no intention of formulat-domestic and foreign contluses to ing a new China policy. He touch-increase in the demand for stoutrie ed on the situation in China which products.

time.

he considered was unlikely to al-

Before resuming

may

geat

д

ter for sometime to come.-Reuter. should like to express the board's

SALESMAN $AM

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STOCKS

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CARRIED

By Small

SORRY, BUT ALL WE'VE GOT IS GREEN OR BLACK!