1929-12-31 — Page 7

THE HONGKONG.

IGERIA OUTLOOK SANDAKAN LIGHT AND

IMPROVED.

LOOTING REPORTED IN

ONE DISTRICT

LOOP MOVEMENTS.

London, Duet 30.::

POWER CO.

(Continued, from Page: 1.) hand for the areation of the second of the double drum boilers which we purchased some time

ago.

Now Chimney,

EXCHANGE RATES.

INSTONE COMM

Dect 30%

LBB 1/10

(Continued fro

LB07

Paris New Yo Brussels Amster Berlin Milan

Vianna

Prague Lisbon

12.097 item was therefore

08.19 axtent

20.425

34.655

Instone Trading Co.

MANI

HUGE DE

MALVAREAS.

The recent trouble in Palestine, the promise to release Irak from the mandato and the tranquillity and prosperity of Transjordania have lately raised again the whole question of: Mandates under Bri- Lali controladowagi

+108.201 In last year's report I made Athens

Dealing with stock, shares and *975 | other investmenta, Mr. Grantham 1/5.15/16 said that they consisted of $460,- 1 test Information received mention of the fact that a sum of Bombay

•2/1|000 of shares held by the Instone Colonial Office from the 2750 was spent on the renewal of Shanghai

the steel chimney. I regret, Hongkong

1/7 Trading Company, a firm which was The mandate system Inaugura- or of Nigeria, where distur- gentlemen, to have to inform you

Yokohama

2/0.8/82 formed 18 days before the balance ted by the League of Nations In thave recently occurred, is that despite this the chimney Silver (spot)

215/16 sheet was prepared and which never 1920 under Article 22 of the effect that the general situs now again: wants attention. Wo Silver (forward)

21% did any business, although it had Covenant, is generally attributed now satisfactory.

have discovered that the condensa..

-British Wireless.

been set up as an import and ex to the imaginations of President Calabar Province, the situation at a certain height of the

port arm. Its only assets consisted Wilson and General Smute. The steadily improving and the flue gases which contain salts and clarks or an office (for which a of the value of those shares, which question had arisen as to what acids duo to the type of fuel sum of $5,000 per annum has been at the time, were not worth any should be done with the Arab pacification proceeding. in still some unrest at Arained in our boller has the ef- previously charged) (Article 84): where hear the figure which was provinces of the late Turkish Em- mon, on the loft bank of the fect of corroding very rapidly the 5. The Consulting Committee put in the balance sheet. There-pire and the chemy colonies in River, but all ronds in the steal plates. In order to over cease to exist and in place thereof fore the item was falso various parts of the world. Nono ince are safe and the province come this trouble, it will be necesa Board of Directors will be ap Julet

sary to instal a new chimney to pointed (Articlos 87 to 120) Jan

Turning to the charge of pub of these were in a stato to govern gether with an induced draft fan; 6. The remuneration of the lighing or concurring in the pub Allles already at loggerheads over themselves and anndration by the Reports from Owerri say that so that the products of combustion Directors is to be $2,000 per annum lishing of the wrong balance sheet future political policy, was also ith Owerri and South Oklawi are blown cledr. of the steel stack, to be divided between them as the containing misleading Itoms with

Impossible. restless. Some looting in the and any condensation that takes Directors shall determine (Article a view to deceiving or Inducing

tele persons to entrust money, to the scheme of mandates was erri Division is being dealt with. place will be in the atmosphere 92). ruru has been occupied without and not in the chimney. We

therefore devised, whereby the oposition:" Elsewhere all is quiet.

Allies should take those countries #Armed uards have been removed

under their tutelage and adminis from Aba, and normal police work

ter them for. the benefit of the resumed.

native population. The Mandatory Power was to have no particular privilegea and was to be respon- sible for correct administration to the Permanent Mandates Com- mission of the League Expendi ture entailed in these countries was to be looked upon as war ex-

7. Provision te made for the ap- Corporation, his Worship said that estimate that this now chimney pointment, if required, of a the balance sheet was "puffed," and fan will cost approximately Managing Director (Article 115); and as such, there would have $2,500, erected.

8. The power of control hereto arisen a false impression as to fore exercised by the General the financial state of the Company, Managers will devolve upon the Board of Directors (Articles 119 and 120). ›

You will observe from the notice calling this meeting that we shail hold a meeting immediately follow ating it for the purpose of adopting

Now Articles of Association.

Troops have been moved from Port Harcourt, as all is quiet there, and have been concentrated Aboadn to check the southern move- mont-British Wireless,

PICKPOCKET SENT TO GAOL.

1

STOLE WATCH AND CHAIN FROM PEDESTRIAN,

young Chinese, giving his age

appeared before Mr. at the Kowloon BALKANNTACY, "This morning and

pleaded gulity to a charge of theft of a watch and chain, valued $6, from the pocket of a pedestrian in Shanghai Street.

The defendant had two previous convictions for picking pockets, having been given twelve strokes of the cane in September and an-

ther twelve strokes in October.

His Worship remarked that the endant was a regular profes- pickpocket and evidently pre- ed to get another caining Instend o imprisonment, as he was keep- ing his age down..

His Worship Intimated that the defendant looked more than fifteen years of age and passed sentence of three months' hard labour.

RATTAN WORKER'S

AUTOMATIC.

ACCUSES "OWNER" OF BETRAYAL

ווי

9, Documents requiring the

"Auditor's Evidence, Mr. Grantham reviewed the evi- I now beg to proposes That Seal of the Company and Cheques dence of Mr. Li Tung, the Audi- the report and accounts for the shall be signed by one Director tor, stating that Mr. Brewer had financial year ended 30th June, and countersigned by the General said that he rolled on Mr. Li as to 1920, as presented to this meeting, Managers. (Article 121).

how the balance-sheet should be be adopted and passed", and 10. Restriction is placed on the drawn up. But they had the fact when this has been seconded, I declaration of dividends (Article that the auditor was a man who shall be pleased to answer, ques-128).

kad little knowledge of English, tions from shareholders.

11. Dividends unclaimed "for and it was quite easy: to The Hon. Mr. J. P. Braga more than five years may be for-assume that he would have seconded, and the report and feited to the Company (Article to rely to some extent on the defen- accounts were adopted.

138).

dant as to how the balance sheet should be drawn up.'-

Business Matters,

Mr. A. A. Botelhe proposed and Mr. J. Toppin seconded the re-

election of the Hon. Mr. J. Braga, Mr. C. A. da Roza and Mr. S. M. Churn as members of the Consulting Committee. This was approved.

"On the motion of Mr. Tse Tsan- kat seconded by Mr. F. J. Tavares the re-election of Messrs. Lowe, Bingham & Matthews and Meners, Percy Smith, Seth & Fleming as auditors, at a remuneration of $260 each for the ensuing year, was approved.

EXTRAORDINARỶ GENERAL

MEETING,

12. Special Arbitration powers are given (Article 182),"

13. Indemnity to Directors, etc. (Articles 108 and 164)..

fed that there was a case on all Ha (the Magistrate) was satis-

and he therefore committed defen- dant to the next Criminal Sensions, those charges, to go before a jury,

bail being allowed.

A

penses..

The Arab populations of Turkey had revolted during the War and joined the Allies. It was therefore felt that something special should be done for their advantage. The mandates were consequently divided into three categories, A., B and C.

3

A., B. and C. Mandates,

I do not think there is anything further with which I need deal at this moeting, but if any share holder would like to ask any ques- tion or seek any explanation, I shall endeavour to answer such questions and give such explana FIVE DOCTORS RESIGN. countries. tion to the best of my ability,

If no questions are asked orf explanation sought, I shall assume that you approve of the draft now Articles as presented, and will thereupon propose the resolution regarding the same which is act ont in the notice convening this meeting.

HOSPITAL, STAFF

SURPRISE.

An extraordinary position has been created at Swansea Hospital, where five members of the medical

staff, including three house fur- geons, have handed in their resie. nations.

There being no questions or desire for explanation, I now beg Articles of Association Changed.

to propose the following resolu- tion as an Extraordinary Resolu- Addressing an extraordinary

tion, namely:"That the regula-]

The authorities are-reluctant to] general meeting which followed, tions contained in the printed discuss the affair, and the secret the Chairman sald:-Gentlemon,---- An indicated in the notice which document submitted to the meet-ary will say nothing. has just been read by the Coming and for the purpose of identi- fication subscribed by the Chair- pany's Secretary, this meeting has. been convened for the purpose of conaldering and, if thought it approving the draft new Articles of Association of the Company.

With regard to the draft New Articles, I should explain that it

The resignations follow closely

Arab provinces of the former Turkish Empire, Syria, Palestine, A mandates constituted the

Transjordania, and Irak; these provinces were, all destined aventually to become independent Byrin was allotted to the French and the other three to Great Britain:"

W

B., mandates consisted of the former German-colonies and wore to be administered as colonies, no definite promise as to their inde pendence being given,

C. mandates are South-West Africa, Samon, and certain fa lands; these are administered as an integral part of the country. which they ́ ́ are attached": Con- alderable controversy has already arisen over the tenure of these C. mandates, certain countries, en- pecially the Union of South Africa and New Zealand, maintaining that annexation was intended.

The profit or loss to the Manda"", tory Power of the B. and C. man- dates is difficult to assess. Though the balance-sheets of some of these countries, as tenderod to the Mandates Commission, show a loss, there is an undoubted profit no official statement in the increase of trading and joining territories belonging to the

man thereof be approved and upon a finding of the board of clation of the Company in substi- that difficulty in filling vacancien adopted as the Articles of Asso-management at their last meeting Lution for and to the exclusion of on the hospital staff was largely all existing Adieles thereof." due to the shortage of medical

The Chairman Gentlemen, that] men. concludes the business for which

Remanded from yesterday, a rat has been decided to do away with this meeting was convened, and" 1)

a Consulting Committee and

to thank you for your attendance.

- New Ways Not Liked. Although

Powell,

EAR

GIFTS

FOR

YOUR

GENTLEMEN

FRIENDS

comprei

To mention only a few of the many gifts Gloves.

Waistcoats. Cardigans. Pallovar

Dressing Gowns,

Travelling Rugs,

Ties Books..

Pyjamas. Svarta..

Shirts

Pocket Wallats).

We allow 10%

Tie Pronsci.

Trouser Prazas. Suppers.

Braces and Burpenders, Sult and Attache Unies, Kit Bage

Tollet and Writing Umu

Military Hair Brushes,

·Collar Borás

Key Retainers.

Very:

Discount for Cash.

-You are invited to inspect our stock without.obligation

to purchase.

ARTS & CRAFTS

HONGKONG & SHANGHAI

Interior

Decorations in

Modelled Plaster, Monumental Sculpture in Marble, Stone, Reinforced Cement. Cast and Wrought Metals, Stained and Painted Glass, Parquetry Floors, Architectural Joinery, Cabinet Work, Furnishing Fabrics and Carpets.

Sketches and estimates submitted free of charge for interior decorations of private residences and public buildings.

ARTS & CRAFTS,

LIMITED. (Incorporated in Hongkong)

Tan worker in whose possession was constitute a Board of Directors in | As you are aware, the notice con can be obtained as to the cause spheres of influence felt in the ad- & 3, WYNDHAMSTREET("“Morning Post Building

ing.

ad an automatic pistol, was fined the place thereof. To effect this, vening this meeting also convenes of the doctors' action, it is under-

or four months hard labour it is necessary to alter the existing a second Extraordinary General atood that they were disappointed Mandatory Power. In default by Mr. Whyte Smith at Articles to provide for the requi- Meeting for the purpose of re-at a recent appointment not being the Kowloon Magistracy this morn-site power to do so and to make ceiving a report of the proceedings from amongst their number, and

certain changes therein which are at this meeting and of confirming, that they are dissatisfied with cer- ing undertaken as a War obliga The defendant intimated that lo rendered necessary consequent had been asked to carry the pistol upon the constitution of a Diree if thought fit, as a Special Rese-tain new conditions at the hospital. lorate. Your Consulting Commitution the resolution which has

Some of the resignations do not He accused the man who had given tee consider that, as this nltera- just been passed as him the weapon of having betrayed tion must be made for the reason ordinary Resolution, which second expire for some time.

But one of the doctors concerned already stated, a favourable oppor-meeting will, as indicated in the Inspector Fallon remarked that tunity presented itself of bring-notice, be held here on Wednes said they would see that the the defendant was arrested on in- ing the present Articles right up day, 15th January, 1930, at 12.30 pital was not let down. formation in Nelson Street. Halo date. We have therefore had, and I shall be glad if you will was carrying a bundle of straw in new Articles prepared for the kindly attend same.

and was promised $1 for the trouble.

him.

which was concealed the pistol.

His Worship fined the defendant $500 or four months hard labour in default.

BOY AS SURVEYOR.

Company, which have the appro- val of your Consulting Committee. If the new Articles are approved, they will be in line with the general and usual form of Articles now adopted by Companies in this Colony,

Prints of the existing Articles and of the draft now Articles kave, as indicated in the notice

APPEAL FOR “A BRIGHT LAD convening this meeting, been open

IN STANDARD SEVEN."

for Inspection by ahareholders at the Company's registered office, and there are also copies of both

How a schoolboy helped a man the existing and the draft new to oblath payment of wages, was Articles on this table which, i disclosed at Maidenhead Police Court recently when James any shareholder desires, he may McLaughlin, an Irishman, sum- inspect.

moned Albert Purser, a farmer, of Littlewick, near Maidenhead, for £1, wages due.

McLaughlin, who had been on tramp, said that he asked Purser for a job, and it was agreed that

,::

Some of the Alterations, The suggested new Articles of Association are similar to the old subject to clerical alterations and rephrasing and to the following alterations of substance, viz:→→→

he should hoe mangels for £1 an 1. Certificates of title have to acre. After he had hoed three he signed by ono Director and and a quarter acres Purser paid counteraigned by the General him only £2, and be thereupon Managers (Article 11). went to the village: schoolmaster 2. The Directors may refuse to and asked for the services of a register a transfer without aa- bright lad in Standard 7. The signing any reason therefor boy was supplied, and Purser was (Article 36.) usked to witness the measuring of the ground with a chain meu sure by the boy, but declined.

Evidence was given by the bos bearing out McLaughlin's state- ment and he was complimented by the Bench for the straight-forward of 8% on the first $100,000, and way in which he had told his “atory, k

Purser sald he gave McLaughlin a plece of paper on which was written the amount of work he had to do, and he paid him for that work

3. The representative of She an, Tomes & Co, to be ex-officio Director and Chairman of the Company (Article 82), A

4. The General Managers re- muneration is to be a commission

5% on any sum over the first $100,000 of the balance standing to the credit of the Company's working account in each financia) year before charming the account with General Managers' commis alon, The minimum amount of The Chairman ordered payment such commission is to be an Mofel, and 115, costs,

Quali annual sum of $8,000, The

Purser said he intended to General Managers remuneration does not includes the provision of

an Extra-

The Hon. Mr. J. P. Braga Reconded, and the resolution was unanimously approved.

LARVICS A

·REGAS PAT-DEN

A. mandatos were morally speak tion to those who had assisted us during the struggle, and, from a practical point of view were dia. tributed beteen France and Great Britain in order that by encourag hos-ing peace and prosperity they might safeguard their particular spheres of fufluence.

A watchnight service will be held at St. John's Cathedral to- night at 11.30 p.m.

Lucky I didn't have the money to buy

ty-six; look where I'd be now

Initial Expenses, The actual cost to the British Treasury of Irak during the years 1921 to 1929 is over £51,000,000, and of Palestine and Transjor danis, "under 'one High Commis- sloner, over the same period of about £9,000,000. These three countries are now to all intenta and purposes self-supporting.. Racial differences between the Arabs. and the Jews in Palestine make the question of relinquishing the mandate quite a different pro position. from that of relinquish ment in Irak,

The large sums spent in 1927 and 1922 were the result of faltla); expenditure in reconstrucling. these countries after the devastā, tion caused by the War.

The following figures show,how enormously expendituro has de creased during the last four years. „The' sums shown in 1928 and 1929 are almost exclusively grants in aid for defence, The cost of the |RAF serving in these parts is -now-borne on the Air Service Votes, only the difference in cost of serving abroad, about £80,000,# being charged to Irak and Palen

Irak, Paleatine

and Trans- #Jordans

#1921 1022

1920

1924:

1926

1926

$1027

19285 1929

stock at

8,355,000 ** £3,389,000":

PATNEMALLIE PACKET TEA

The Choicest of Blends Write "Patnemallie" in your Compradore Book and so get the best value.

Majesti

THEATRE

NATHAN ROADH

FINAL SHOWINGS TO DAY

At 2.50. 30

554,000 $1,085,000 TH

5,666,000 1,281,000

ADOLPHE MENJOU A Gentleman of Paris

down other

del

Duchess and the

ervice

mirth from

4,158,000 849,000 8,959,000 ~~ 787,000 | 8,680,000 710182,000. 2,050,000 $ 328,000, *569,000 $70,000 *447,000 56,000 Estimated Since 1927 Palestine hog-con- tributed: £30,000, annually: towards:

from her own Rad

Showing for FIRST TIME" -