1928-03-21 — Page 10

THE HONGKONG TELEGRAPH,

Whiteaways

FOR

MATS

SPRING MODELS NOW ON VIEW

CALL AND INSPECT

Whiteaway, Laidlaw&Co., Ltd.

EUROE

EUCHARISTIC

CONGRESS

SYDNEY

September 6th-9th.

For Particulars Apply:-

Thos. Cook & Son, Ltd.

Pedder Building,

HONGKONG.

MRS. MOTONO

MASSAGE HALL

HAND & ELECTRIC MASSAGE

No. 31B, Top Floor, Wyndham St.

Hongkong.

MRS. S. UZUNOYE

Expert Masseuse

87, Queen's Road, C. 2nd floor.

MRS. SEKAI

MASSAGE

6, Wyndham Street, 1st floor Hongkong.

WEDNESDAY, MARCH 21, 1928.

COMPANY REPORTS.

MESSRS. A. S. WATSON AND COMPANY, LTD.

"

NANKING OUTRAGE.

·EFFORTS TO SECURE SETTLEMENT.

Shanghai Chinese papers are do- The report of Messrs, A. S. Wat son and Co., Ltd., for the year end-voting considerable space to the ed October 31, 1927, has just been present visit of Sir Miles Lampson. circulated to shareholders, to-On Wednesday morning of last gether with the announcement of week, they say, Mr. Ching Wen- the forty-third annual meeting to shih, a member of the Nationalist take place at the Hongkong Hotel Ministry of Foreign Affairs, called on Wednesday, March 28, at 11.30 upon him to discuss the Nanking incident, and to suggest a settle- a.m. The report states:

ment, The Net Proft of the Company for the year under review, after providing for all bad and doubtful debts" and allowing for de- preciation of Aerated Water and other Ma- chinery and Plant, Furniture, Fittings, Trade Utensils, Laun- ches, Motor. Lorries, Motor Gaz, etc., amounts to ......$132,287.78 To which. has to be added the balanco brought forward from last year ......

Leaving available for

appropriation

We propose

To pay a div.

end of '70

cents per share which

will absorb$84,000.00 Place do Re-

Berve Fund 25,000.00 Write' oll

5,000.00

Building Improve- menis.... 4,227.60 Pay to Chin- OBC Stat Superan- nuation Fund.... Pay to Euro- pean Staff Provid- ent Fund.. And carry

forward. to next ne- count

67,106.89

Sir Miles, it is reported, has telo. graphed to the British Foreign Office asking for instructions, whilst Gen. Huang Fu, the Na-. tionalist Foreign Minister, has left for Nanking to make a report to the Nationalist Government on the matter. It is probable, the reporta continue, that Sir Miles will remain in Shanghai pending instructions from London and a possible settle- ment.

The Nanking incident, however, involves also other countries, in- cluding the United States, Japan, and, France, and the Nationalist Foreign Ministry will take up the question with the Consuls of these countries in the near future. It is $189,344.67 | hoped, however, that there will be an early settlement, amicable and honourable to all parties.

5,000.00,

66,117.17

-$189,344.67

Unions Letter.

The Shanghal Street Unions and Commercial Federations have addressed the following letter to the Minister:

The newspapers have reported certain statements of yours with. reference to Sino-British friendship and co-operation, but there still exiata in our minds a certain suspicion which we cannot help China bringing to your notice. has been under the yoke of unequal treatles for many years. We have suffered from the opium evil. China is bound by economic aggres- sion. We do not have customs freedom, and our goods are not protected. Merchants cannot trade, Industries cannot improve. Fin- |ances are at a standstill and busi- nesa is lost.

Munitions Importation.

We have all suffered as a result of the importation of foreign munitions which have fallen into Board of Directors.

the hands of the unscrupulous. The existing Board of Directors These same arms have prevented consists of Mr. J. Scott IIarston, the successful conclusion of the Mr. H. P. White, The Hon. Sir anti-Northern campaign and wo Shou-son Chow, Kt, and Mr, A. B. cannot help thinking that civil war- Stewart, who retire, but being fare is prolonged as a result. Most eligible; offerlumselves for re-of these arms came from foreign countries and the people have to election.

suffer as a result. China has a his- tory of 4,000 years of civilization, and the people are noted for their desire for peace and their willing-

Auditors.

The Company's Accounts have been audited by Mr. C. Bernardness to forgive. Confucius has Brown, A.C.A., and Mr. S. T. But in, A.C.A., who offer themselves for re-election,

HOTELS' PROFIT.

$878,310 Available for

Distribution.

said, "Do not do unto others what you would not have them do unto you." Our President worked some 40 years and the people realize his aspirations so they use peaceful methods to oppose might and attain his alms. We want to oppose for- cign aggression and we want to clear militarism out of China, We want no imperialism, and the leaders of our country will fight in carrying out these wishes, loy- It is officially announced that ally and in upholding the Three People's Principles." To streng- the nett profit of The Hongkong then our country we want equality, and Shanghai Hotels, Ltd., for the and the people will fight until they year ended December 31, 1927, in-

receive freedom and equality. cluding the sum of $503,769.45. Within one year, the anti-Northern brought forward from the previous campaign will have been completed, year, and after charging interest, and there will be a new China. insurances, maintenance and re- Our foreign friends must realize pairs, rates and taxes, etc., and the futility of their old idens of providing for Depreciation and benefitting at our expense, Wo bad and doubtful debts, amounted shall reciprocate what we receive, to $878,310.65, which at the or- and shall treat with others as they dinary yearly meeting of the Com-treat with us. We hope and wish pany, to be held on April 12 for friendly relations, and wo next, the Directors will recommend trust that the Powers will adopt a be dealt with" as follows:

far-sighted policy instead of a short-sighted one. Wo are op Transfer to General Re-

posed to the gunboat policy because we do not wish for another world war, as that of the past in Europe. We hope that this letter may be helpful, therefore, in bringing be fore you China's aspirations and in furthering your efforts for Bing- British friendship.

..$500,000.00

serve .. Transfer to Construc- tion and Development Reserve... Carry forward to now

account

300,000.00

78,810.65

$878,810.65

DIVIDEND DECLARED.

The Hongkong Telephone Company Limited.

Quick Settlement Hoped For, Apropos of the negotiations for a settlement of the Nanking In- cident, the Chinese press had the following to say:

With reference to the Com- munist incidents which arose last year following the entry of the Nationalist troops into Nanking, when a number of outrages were The Hongkong Telephone Com-committed against foreigners, the pany, Ltd., announce that the Chinese authorities have been British the balance at credit of Profit and negotiating with Loss Account for year ended 81st Minister for a settlement. The December 1927, after charging Nationallat Government had pre- $164,238.64, for Depreciation, and viously brought up eix points for distributing $57,076.00 In respect the consideration of the Diploma- of Interim Dividend of 8%,tle Body but the latter did not amounts to $165,679.45, which, agree to these; so negotiations subject to approval of the Share- have been in abeyance for a year. holders, will be appropriated no follows:

Payment of a Final Dividend of 5% mak- ing a total of 8% for the year........$ Transfer to General Ro-

serve

Bonus to European Staff Bonus to Operators Carry forward

The British and American Gov- ernments are as anxious as the Nationalist Government to bring about a speedy settlement, honour- able to all parties concerned, so that friendly relations may be rea- 96,180.00|tored. Unofficial negotiations have, therefore, been going on and it is 50,000.00 Baid that the different parties aro 8,199.98 favourably inclined to cortain 4,384.00 points brought up by the Nation-}· 7,015.47alist Foreign Minister. It is hoped, therefore, that the mattor $165,679.45 will be settled quickly.

Deutz Diesel Engines

Stationary and Marine, four-stroke and two-stroke

from 6-1000 H.P.

Cheap

Reliable

Efficient

SOLE AGENTS:

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ASIATIC BUILDING.

THE FAR EAST OXYGEN AND ACETYLENE Co., Ltd.

Suppliers of ELECTRODES, WELDING RODS AND BLOW PIPES.

Omes P. & O. Building,

5th Floor, Phans 0. 2344, Hongkong.

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1ST FLOOR.

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MACHINE MADE WIRE-CUT

BUILDING BRICKS.

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For particulars apply to:-

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St. George's Building

THE NAVY'S

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