1930-02-28 — Page 2

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CORRESPONDENCE.

Benevolent Society.

[To The Editor of Hongkong Telegraph.).

THE HONGKONG TELEGRAPH. FRIDAY, FEBRUARY 28, 1930.

COMPANY MEETING.

THE BANK OF EAST ASIA,"

LIMITED

The Eleventh Ordinary yearly meeting of The Bank of East Asia, Ltd. was held at 4.30 yesterday. afternoon, at its registered office, No. 10, Des Voeux Road Central.

Sir, I should be "very glad I you would kindly bring to the notice of your readers the Annual Meet-

The Hon. Sir Shou-son Chow ing of the Benevolent Society,

presided, and there were presei t which is to take place on Monday, 3rd March, at the "Cheer O" Can-Messrs. Wong Yun-tong, Li Koon- teen, at 11.15 am.

Last year's attendance of the general public was very disap pointing, and the Committee hopes that this year we may attract a larger number of the Hongkong public who are interested in social service..

I should like to express at the same time the sincere thanks of the Committee for the unfailing and valuable assistance given them by the Press during the past year.

BELLA SOUTHORN.

chun, Wong Chiu-son, Chan Ching- shek, P. K. Kwok, Fung Ping- shan, (Directors), Poon: Hiu-cho,' Li Lan-sang, W. N. Thomas Tam, Chew Chi-nam, Lui Ming-fong, Ching Lin-fong. Li Tung, K. K. Wong, P. K. Shek, K. K. Lee, J. N. Wong, Chan Tse-choy, Tso Shuk; hon, Tam Cheong-tsun, Li Pak-to, Lung Din-tong, and many others.

Satisfactory Profit,

After the notice convéning the meating had been read by the Chief Manager, the Chairman said:-Gentlemen, the report and statement of accounts for the year ending 31st December, 1929, having been in your hands for together with the Auditor's report,

some time I will, with your per- mission, take them as read.

Musical Apathy. Sir-The small attendance at a recent recital given by a

Prima Donna or, as she was sometimes described, à leading' Prima Donna, has apparently again caused con- siderable misgivings as to there being any appreciable taste for good music in the Colony. In fact, that there was conclusive evidence ing, including $401,749.74 brought of an almost degrading absence of forward from the previous year, BATTERY CHARGING || either appreciation of or support shows a nett profit of $1,192,927.92 for true musical talent, appears to which, I think you will agree with be the chief enlightenment re-me, is quite satisfactory.

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ceived by some of the critics who reported on the concert.

Is this latest assault a fair one? The artiste in question, admittedly on her first visit to this Colony, probably unknown to anyone but a few of her compatriots, announced her intention to give a recital at very short notice.

Personally, I confess, all I could gather was that the artiste had, with her husband, succeeded in travelling over 14,000 miles (Paris- New York etc.) using exclusively (for her car) the same petrol and lubricating oil. For this credit must be given to the oil merchants concerned, who are locally so worthily represented and who no doubt attended the concert in great force,

It was also reported somewhere that the car had made frequent trips up and down the Peak Road and we have since heard that it has travelled along other routes which, by law, are closed to motor traffic.

The advertisements were full of promise. But these are written before the concert-and of course are not considered as "credentials."

With this material as a guide there may be same explanation for the small attendance at the concert other than the 'apathy' of the public.

CON BRIO.

COMMUNIST MARCH.

The result of the rear's work.

the

pre-

You will observe from Balance Sheet before you, that the our assets and Krand total of liabilities stands at over $31,000,- 000 showing an increase of about $11,000.00 over that of the vious year and indicating the prigress made by the Bank during the year under review and the confidence the public in its management. The increase is mainly to be found under the bead of deposits which I am glad to be able to say shew steady growth both here and at all our branches.

pansion of our Bank's business, In keeping with the general ex- there is an increase of about $1,700,000 in our loan while the amount of the bills held account, by us at the end of the year is about $1,000,000 higher than that: of last year.

We have written off a sum of $45,799.85 from Bank and, in addition to the usual de- premises preciation on furniture and fix teres which include our fine in- stallation of Safe Deposit Boxes

in Hongkong, Shanghai and Kow- loon, the Directors are seeking your authority to-day to write off a further sum of $21,266.54. This account will then stand in our books at the nominal sum of 81.00.

General Reserve.

The Directors feel no doubt that you will endorse their policy in transferring the sum of $250,000 to General Reserve thus bringing that account to a total of $1,750,- 000.

The total amount of cash avail- POLICE STRUGGLE WITH LOS bullion in transit represents over able together with the amount of

70 per cent. of our liabilities on current and deposit accounts.

ANGELES CROWD.

Los Angeles, Feb. 27.

Several thousand men and women, alleged to be Communists, began march on the City Hall at six o'clock yesterday evening. Two hundred policemen, armed with tear and smoke bombs, were unable to keep the demonstratora back.

Reinforcements Succeed.

Later.

The Directors' recommendation of a dividend of $6.00 and a bonus of $2.00 making a total distribu- tion of $8.00 per share is the same as last year.

Taking advantage of the quiet conditions prevailing during the summer, our Chief Manager paid a visit to French Indo-China and the Straits Settlements for the purpose of making preliminary Reinforced by another hundred arrangements for establishing men, the police eventually press- branches in these important busi ed back and dispersed the strugglness centres in the near future. ing demonstrators, who were On his return the Directors de- mostly unemployed and destitute cided to open our own Office in Haiphong in extension of our fixed

men.

Similar demonstrations occurred in other cities, and 135 persons were arrested in Chicago, a dozen in Seattle and nine in Boston. Renter's American Service.

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attended by all sections of the bers of our staff both here and after this has been duly reconded Thomas Tam, seconded by Mr. Lî high abroad our great appreciation of I will endeavour to answer any Lan-sang, Messrs. Percy Smith,

questions you may wish to ask. Seth, and Fleming were re-elected Mr. Poon Hin-cho secaded.. as Auditors for the ensuing year. No questions were asked and Tho meeting terminated with the the adoption of the report and ac- announcement by the Chairman count was carried unanimously. that dividend warrants would be

On the proposition of Mr. W. N. ready today.

policy of providing more facilities community including many for Chinese abroad. I am glad to officials. inform you that this Office was duly opened for business on the 16th January this year and the inauguration ceremony was well

SALESMAN ŞAM

I do not think there is anything that requires my comment except that I wish to express to all mem-

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