J
+
•
CONSTRUCTION CO. MEETING.
THINKING & ACTING IN TERMS OF SILVER,
FUTURE PROSPECTS.
Presiding at the annual meeting of the Hongkong Engineering and Construction Co., Ltd., to-day, the Hon. Mr. J. P. Braga reported that for the first time since the formn- tion of the Company in 1922, the trading account had shown a pro-
ft.
ROBBER CHIEFS
QUARREL.
ONE KILLED AND ANOTHER BADLY WOUNDED.
Andy
(Our Own Cofrespondent.)
Canton, Apr. 21.
THE HONGKONG TELEGRAPH.
WEDNESDAY, APRIL 22, 1931.
Jack Diamond AN EXTRADITION
Arrested.
Amazing Torture Allegations.
POINT.
QUESTION OF BAIL ARGUED.
FUGITIVE'S RIGHT.
HOME FOOTBALL YESTERDAY.
ROCHDALE IN DANGEROUS POSITION.
Reparts from Namhoi te FIRE UNDER FEET agreed to waive the formality of behind them, but have a much bet
two
serious quarrel between bandit lenders, which has resulted in the death of one and serious injury to another.
New York, Apr. 21. The notorious gangster, Jnek It appears that the two chief- "Legs" Diamond, King of the Now tains. Lui Kung-chuen and Bo York Underworld, who has hardly The two main factors producing Tang, have for some time worked covered from the wounds the satisfactory result were stated together as herds of a consider-ceived at the hands of enemies to be increased building netivity.inable bund of robbers, in the Nam-last year, was arrested at Catskill, Hongkong and the rigid economy hol and Chungshan districts, but in New York State to-day, and it is believed that he will be charged exercised by the Company, parti-recently they partet, cularly the elimination of expendle Meeting a few days ago, they with torturing a lorry-driver who quarrelled, and He Tang is, said was transporting liquor belonging ture on a gold basis.
to have seriously wounded Lui to u rival. with a pistol.
A warning was, however, utter ed that the abnormal building activity might not be of long duration, and with the growing - tensity of competition, profits were likely to be proportionately redneed,
Chairman's Speech.
The sensational arrest followed The firing of shuta attracted even more sensationi allegations Lau's followers, who machine-made on the appearance before gunned Ho Tang and Killed him instantly, his body being fiterally riddled with shots,
The quarrel took place in an plum den in the village of Sha- bandit leaders unexpectedly found themselves necupying adjoining
hunks.
The Secretary having rend the notice convening the meeting and, in Namhol district, where the the auditors report, the Chairman said Gentlemen, -You have hnd the report and statement of Ar- enants for the year ended 31at De- cember, 1930, for the period jre scribed under our Articles. With your permission, I will take theas
as read.
|
Lai Kung-chten Is seriously wounded, and is not expected to recover.
reduced. On 13 other hand, every effort will be-made to retain valued ellentele with which maintain friendly and profitable
contexions.
It affords your Board of Direc. tors much pleasure to meet you to day with results of the Company's working for the past your That may be considered quite satisfac tory. This is the first cruelon, since the formation of the Cum pany in 1922, that the Trading Ae-sion count has shown a profit, and your patience, exercised over period
We
The year under review IN notable for an important derision affecting the Company. This deci-
was arrived at at an extra-
ordinary general meeting of shure- holders, held on the 10th Septem- ber last, when a resolmion was of nearly ten years, is now to be
submitted to you for a reorganiza- rewarded with a small divident.
The balance sheet and Profit align of the capital of the Company, LOAN Account give in detail the figures that need be presented to you in order that you may arrive
The capital reduction was duly effected after all legal requires ments had been complied with,
it a correct iden of the position of with the satisfactory result that
Directors have since Your your Company. There seems 10 need for me to comment on indictable to place before you.
dual items in the balance sheet, al- though 1 shtatid perhaps mention, with regard to "Sundry Debtors, Deposits, etc., less Reserve $19,54 50", that the whole of this sum is well socured.
been
You will recall the fact that t one stage of the Company's exis
got so long ago. doubts fence, #xisted in the minds of certain as to whether the shareholders Company should go into voluntary; liquidatisat or whether another effort should be made for the Pro-successful conduct of your busi-
Jack Legs Diamond:
10
Rochdale
Division HI (North).
Darlington
2
London, Apr. 21. Rochdale may have to seek re- election to the Third Division (North) following a home match' The legal position of an alleged to-day which they lost to Darling- fugitive from justice who has ton. Hartlepools are two points
ter goal average and a game in extradition proceeding" but de-hand. clines to be returned under a
The results of games played to- police escort was discussed before Mr. Schofield at the Central Police day follow: this morning, in
in the case in
in which The revised Northern table fol a Chincae from Penang Is being
lows: proceeded against in connexion with the alleged larceny of 26,000 Rupees from a foreign firm there.
Making
eleventh-hour Southport the спие. Mr. In- appearance in he had been instructed by Mesara.Queen's Park shing Lo informed the Court that
Wilkinson and Grist to apt
appear for the fugitive, in proceedings which he understood to have been taken Bauer the Fugitive Offenders Act Lincoln of 1981. He now asked for a date Chesterfield to be fixed for the bearing of the, case. Meantime, he wished to be infomed whether the accused was Hull detained by the police on a pro-Stockport. visional warrant or by a Gateshead endorsed warrant sent over from Wigan Rangoon which His Excellency the Carliste Governor had, backed through his York Worship
3 Wigan Bcotish League.
2 Kilmarnock The revised Northern table follows:
Goals P. W. D. L. F. A. Pls.
Tranmere Wrexhon Southport
These were small de. Accrington tails which nevertheless were of Darlington
Doncaster iosportance to the defence.
Rotherhan Mr. H. C. Macnamara, repre Halifax senting the "private prosecutor** Barrow
39 24 7 8 90 50 55
40 24 & 10 91.54 54
40 24 6 10 110 GD 64'
40 10 12 0 88 61 60 30 20 8.11 84 35 88 39 19 9 11 94 63 47 41 9 0 13 73 58 47
40 15 13 12 67 64 43
40 19 5 16 74 82 43
40 18
T BE T! 11
40 17
41 14
G 17 RO 79 40 8 70 100 37
40 150 16 69 58 39
40 13 10 7 64 62 36 39 13 10 16 70 77 36
40 14 16 62 81 35 40 14 4 20 64
40 13 6 2
41 12 6 201
40 11 G 23 65
40 4 7 27 42 104
in connexion with the crimina New Brighton 41 13 7 21 charge against the fugitive, said Crewe the Sub-inspecter from Rangoon, Rochdale who was
to be the escort, had Hartlepools arrived here. The case here was Nelson in the hands of Sub-Inspector Elston, who at the moment was conferring with Chief Detective Inspector Reynolds. He (Mr. Macnamara) thought the best thing was to remand the case unti) |te-morrow morning for the atten
dance of this police escort from Rangoon.
"Apparently the accused has changed his mind about going back to Rangonn." commented Mr. Mac- Damara.
NEW TRADE CREDIT
Ju
BANK.
LIKELY RESULT OF MR. NORMAN'S VISIT.
0
London, Apr. 22. Worldwide financial repercus.
Norman,
Mr. Montague
Mr. Lo said he must disagree,lons are predicted from the visit The accused had not changed his Governor of the Bank of England, mind; what he did not wish to do to America. was to be compelled to go back with an escort. is point of fact, he did at one time ask his Worship to be permitted to go on a visit to Amoy first without an escort..
His Worship, granting Mr. Lo's
While Mr. Norman himself maintains the closest secrecy, it is believed that while in America he discussed with the financial au- thorities plans for the formation
Bnance countries whose purchna- ing power has fallen heavily through the slump in commodities, If the plan is successful, it will be of the greatest importance in speeding the return to world
ness before winding up was de-to-day with second degree assunt application, fixed the hearing for of a world Trade Credit Bank to
cided upon.
on Parks, and pleaded not guilty. Reuter's American Sermce. Grand Jury of # lorry-driver, named Parks.
middle-aguil The victim's face was covered
the afternoon of the 28th instant.
Ball Provision.
The question of ball was then brought up by counsel, who said the right, both of giving a remand
Big Depreciation. You will have seen from the it and Loss Account that. niter charging worklig Account with the comparatively large sum of SIG,#13.-
- A Wise Decision, 67 for depreciation, as well as pene
A private meeting of share viding for Auditors. Managing bolders was held on the 22nd April Director's and Directors' Fees, the fast year to go into the question! profit, together with interest and in all its bearings,
prosperity. The share- transfer fees, amounts to $57.441-holders at that meeting decided was in a state of nervous exhaus-ed for the Court under the provi- in bruises and scratches and he and of granting bail, was prescrib 56, which enobles, your Directors by a large majority to carry out. to recommend that a Dividend of The wisdom of that decision has 15%, or 30 cents per share, ob- sorbing $28,650,00, be paid In respect of the past year, and that the balance of $28.791.55 'be carried forward to the credit of Profit and Lass Account for the year 1981.
MUM
Two Main Factors.
He alleged that Diamond
and
heen justified by the results shown two confederates held up his lurry in the report rund arcounts how near Acra ander review,
Thursday of last
him to a tree with his feet over n. week, beat him up, and then tied fire, because he refused to answer questions about a load of cider he was delivering.
Jack Diamond
We con-
of any
X-
WILH
Later. charged
these
ac-
Mign of the Home Act ander which arought. Under that Act, the present proceedings were the
Possibly, Mr. Norman muy an nounce details of the plan at the forthcoming meeting of the Rank of International Settlements at Basle. It is understood
that
accused had a right oven to ask Russin would participate
in
for bail himself, a right even great-credits granted by the new Bank. er than a man against whom ex-Reider. tradition proceedings were taken.
Police Attitude.
THE AIR MAIL TO AUSTRALIA.
EXTENSION OF INDIAN SERVICE.
London, Apr. 21. The Postmaster General an-
Straits Settlements, Malay States, Australia and New Zealand will be despatched by it--British Wire-
ap-less.
RUBBER'S NEW LOW RECORD.
ANOTHER DROP RECORDED IN LONDON.
It will be remembered by those who attended the private meeting have just referred to, that your Directora informed the share- 11. is in purauanes of a conser holders that it was their policy
His Worship observed that the yntive policy that your Directors to restrict the Company's opera-
large sum of 75,000 Rupees was in have derided to write so large ations to rertain classes of work
intestion. His Worship provoked smiles when he further romarked us $16,819.67 of buildings, only, for the time being. plant, machinery and equipment.sidered at the time that such n sented be adopted and passed, fint that a Rupee with the present rate and motor truck and junk,
policy would be a wise and prudent a dividend of 15%, on the issued of exchange ruling against them. These various assets now stand in one, as in the then financial posi- capital of the Company (as redue was worth more than a dollar. the hooks of the Company ation of the Company it might otclared in respect of the year 1930,theless bail was a privilege pre- ed), or 30 cents per share, be de- Mr. Lo, replying, said that never- figures considerably below Thave been in your best interests to placement cast. In view of the embark on large undertakings, and that the balance at credit ofscribed by the Act which might not rapidly deteriorating nature of That policy, however, in the opinion profit and Loss Account for the be denied the accused. the Company's equipment and of your Directors, may now be past year, less such appropriation. Mr. Macnamara opposed bail.nounces that the Indian Air Mail appliances. I hope you wil agree modified. We feel, with the im be carried forward to the credit He asked his Worship to hear the leaving London on April 25th will that the policy i havo just men-praved Bnancial resources we now
of Profit and Loss Account for the case for the police first, as there again be extended experimentally tioned is the correct one, rather possess, that we are justified in year 1931.
were other factors which had not, from Delhi to Port Darwin, Aus- than the paying away of a larger recommending a change of policy
After any one of you, gentlemen, hitherto, been brought 10 the tralia, and correspondence for the percentage of proft in dividend to in substitution for that which res
has seconded this moliun, I shall notice of the Court, shareholders.
|tricled us to certain classes "માં" work
be happy to furnish any, further in- that may not always come our way formation relating to and that could only be secured onto the chair
counts, if questions are submitted Sub-Inspector Elston, who You will probably like to be an intensely competitive basis.
in connexion there-penred in Court at this moment, with. informed as to the factors contringed hardly state that this change
said he was instructed to say that' Mr. Joseph Gould seconded the in this case, the man was charged buting to the satisfactory result of policy is made in the beat in achieved during the past year. terests of shareholders in the view adoption of the report, saying that with felony so that although the There were two main factors in-and in the belief that a wider and he would like to take the oppor. Magistrate had power to order that fluencing these results. The first more profitable field for the Com-anity of congratulating the Board ball be granted, the Fublic Prosecu was the great extent of building pany's endeavours will be open to the results shown, which in tor (Mr. Fitzory) said that the ac
licated that the Company was now cused had no right to demand buil operations carried on in Hong us. In the absence kong: and the cond, the right pression of opinion to the contrary on a sound footing.
in a ease of felony. "I ask for a The report and accounts economy exercised in all depart at this meeting. I will take it that
were remand until to-morrow morning. ments and, in particular, the total you, in the best interests of share carried unanimously.
for the production of the Sub- Other Business, elimination of all expenditure on bolders as a whole, endorse the oro-
Inspector from Rangoon and his a gold basis, even where salaries paal of your Board regarding the Confirmation of the appointment warrant. I am told that if the of the technical staff were con- change affecting the Company's of Sir Elly Kadoorie to the Boardman produced a warrant and if cerned; for it must be remember- future operations.
was given on the proposition of your Worship is satisfied that rd that the Company's curnings.
Mr. M. H. Lo, seconded by Mr. A. the warrant is correct, your are all in dallars, Except in the
that has You will realise that your Direc-Zimmerg, and, on the motion of Worship
right case of certain materials used in tors best efforts may
Mr. P. Figueiredo, seconded by order be
the return of the certain classes of work which we have to undertake and into which capable of achieving suttsfactory Mr. A. I. Basto, Messrs. J. Secti accused. It is not a question of
results without the loyal support elected to the Directorate.
Harston and 3. T. Bagram were re-extradition-it is not a qucation the gold factor enters,
where a man cannot be sent back Directors, practical policy has of the Company's staff. It is
The re-appointment of Messrs. provided the warrant is in order, been to think and net in terms of ratifying for me to record that Lowe, Bingham and Matthews us whatever the charge may be."
we have on all occasions received silver dollars only, always, how willing assistance from all mem-auditors to the Company was Mr. Lo, replying, asked his ever, keeping in mind the in-bers of the sinif, without which agreed to on the proposition of Worship to read Sections 5 and 20 difference presented evitable contingency of sterling it would have been impossible to Mr. A. A. Botelho, seconded by of the Act conjointly with the where, although the accused might obligations in the matter of re-present you figures like those I have Mr. M. A. Gomes,
Section mentioned by the polico not have the right to demand placement of plant and appliances. just reviewed to you.
The Hon. Mr. J. P. Braga pre-officer. Where the accused re bail, (he might not more than Wo will continue in your interest During the year Sir Elly Ka-sided and was supported by Mr. J. turned a denial, as in this case, apply for it), the power neverth- to pursue this policy.
than decrie, K.H.E., was invited to, and Scott Haraton. Mr. J. T-Bagram, the Court had got to be antlafied bail, Che might not more
a scal on, the Board of Mr. Lo Choung-shiu (Directors), that the legal evidence supported Magistrate to grant it. Intense Competition.
Dr.
on Mr. A. R. F. Raven (General Works the felony charge. The Police On the departure
Sub-Inspector Elston said they At the same time, I think it is leave of Sir Robert 11o Tung, Kt.Manager) and Mr. B. Alves (Secre- officer also said that in case of had had instructions from the due to you to state that tho from the Colony, Mr. Lo Cheung tary), and the shareholders pre- felony, the accused had not the escort that when the accused re- present abnormal building activity Shiu was appointed an alternate sont were Messrs. A. H. Busto, A. right to demand bail. "I am not turned to Rangoon, other serious may not be of long duration and director in his stend.
Zimmern, A. A. Botelho, A. Figuel- demanding bail," said Mr. Lo; "I, charges might be preferred againat that remunerative contracts may Gentlemen, I think I have fairly rido, M. A. Gomes, and Joseph on behalf of the prisoner am him. The police were in the not always be within the means of summarised to you all the impor- Gould.
applying for ball. This Court position of being able to produce your Company to
The Chairman announced that has the power to grant bail.” We tant features of last year's work- secure.
the escort with the warrant. must be alive, to the fact that Ing results Incorporated in the re-dividend warrants were now ready
Accused's Right.
Iin Worship. said he would ad- competition has to be faced, and port and statement of accounts for and must be applied for either
Journ the case until tomorrow with its growing intensity, profits 1830. I now move that the report personally, or in writing, at the
morning and with it the question are likely to be proportionately and statement of accounts as pre Company's offices.
of ball raised by Mr. Lo.
your
Staff Commended.
ΠΟΣ
Mr. Lo proceeded to explain his point fully, stressing the wide
•
London. Apr. 21. record of 2.13/16d. per pound on Rubber fell to-day to a now low the London exchange. This ia 1/16d. lower than yesterday.
A month ago the price was 37%d. and a year ago it was 71⁄2¿.
The cause of the latest fail is n
Increase in further
excessive atocks in Great Britain.--British Wireless,
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