1931-08-31 — Page 7

--RESCUED FROM THE

DUST-HEAP.

Continued from Page 1.)

from time to time will not be in ex- cess of requirements, always allow- ing a reasonable sum for conlin geneler.

Shareholders' interests.

Your forebearance is claimed i you have not been presented with details of the projected scheme, You will, we trust, realise that, in: your hest interests, no mare need be sold at the present moment, than that it has to do with land develop ment and the construction of res sidential houses and.

if deemed

expedient, apartment buildings al- No. Estimates of the work have been cheeked up by our technical Mann- ger, and your Directors are antis- fed that the scheme contains the essentials of a promising under- inking, given conditions that are put upset by abnormal circun

stances.

I want like in way that your acceptance or rejection of the pros post now before you resolves it- Helf into a declaration of, alteran-

rely, your faith in, or your dis trust 14, the Colony's future pros My For those among his who

live and rove and have our he ing" in Houshing there can be no equivoeni opinion. It has to be

that the future

Krowth of the

Colony will exceed anything that has been seen here in the past. And, if you hold that view, your devision Can only be one of Tugical accep

trence.

Anonymous Lofters,

ly

THE

HONGKONG

TELEGRAPH. MONDAY,

TIDWOR TH

TATTOO REHEARSAL.-

A dress rehearsal of the Tidworth Tattoo, which la taking place on Salisbury Plain short. Our picture shows massed banda, including those of the Royal Artillery and several in-

fantry battalions, marching an the arena,~(Times copyright.)

of whatever nature can nowadays atford to stand still. You have either got to march forward withi

the vigorous strides, or fall by way.

Your attention will have been at tracted to two audymous letters appearing in the newspapers last Saturday and this morning. Ur- it is not the policy of the dinarily. Bourd to take notice of anonymens

riticisas, perially when ovendiend

་་་

one

OVERCROWDED HOUSES.

LIPSTICK THE ONLY LUXURY IN RUSSIA.

COOLIE BOUND

OVER.

SPECTACLES IDENTIFIED BY MR. A. E. WOOD.

Mr. A. E. Wand, or the S.CA., identified a pair of spectacles as his at the Kowloom Magistracy Before Mr. Penser this mornink when a coalie med Leung So ming was again produred on a unlawful 31 a pair of gold-

Out-of-Date Methods. And in saying this have in outstanding or wo

The Marquess of Latblan rave Russia to the is offered the unding For examples of oral companies, the his experiences of

Litoral Summer administration of which is still members of the fair, free and full ritorning of s proposal on which it is entirely in carried on by methods that served School at Cambridge on Aug. fi, the hands of this hareholders this

yenurs purpose some thirty

Russia he described as iterally a Far fake their own deersku imaltine your intelligence, grails, the real wing the issue, country standing un a head ar men, of asking you to mekle and ith monotoma regularity of aurling to the accepted views of charge of being in

Nearly E

balaner Western eichization. Moscow antsion tamely submitting as a book, in prent-

sheets that must surely made their Leningrad were full of fine houses, rimmed spectacles,

It will be recalled that at the the lambs to be short of your pan.

pour shareholders wonder whether every one of which was filled to thri they will server any portion of brits with predeariat, four or five their investment.

sessions,

From

We emphatically assert that we will neergy ne per man- date the deciates arrives at be your

vol now for and

reflection whatever, there sa clancur for liquidation A prent deal of time and thought was de

vated by the whole Board to put The Company out of the moruss in

to which it had fallen.

Turned the Corner. Fortunately, we suert eded. Company has turned the

The

to a ringa.

The Park of Rest napi Cuftu Sir. in my humble ogarnian,| you aris eliminating the better course, one of the most astonishing places.

roaching proposition. A

ic

remand in order to find the last hearing, the police asked for owner of the spectacles, who was

142 be

#1 farcigner. presumed

to-day Haputal Word of

That vision and commendable, he fad ever seen. It was a conince then Ms. Wood had report. explanation if I may be, allewell inflative, and the Dirvetors, are tolbiontin of the proletarian Univer-jod the loss of a pair of apeetheles corresponding to those found in the indulgence. When I took over be engratulated for their courage sity and Rinckpool Near Up the possessint of the defendant, the mannging directorship of your and their faith it this Company,trane were great buildings full

Mr. Wood said that on arriving " without opiving Yin bringing before us this farof what were regarded as valu, ad had identified them as his.

able educational matters- broadly 1037 The Star Perry Wharf one It is my Brin belief that you have speaking Communist propaganda.morning, he noticed he had only not only chosen wisely, but, I am Beyond that were shooting the twr ninutes to catch ferry sure, conscientiously and with due lering, with representations of Sir After parking his car, he sprinted deliberation.

Austen Chamberlain and M. Poin towards the ferry wharf, and later 1 og formally to Support the care of shoot at, swings, and cir in the morning he discovered he Resolution moved by the Chairnuan¦cusON,

Further on people bathed and lost a pair of spectacles. He and secgided by Mr. Kadoogie, in varying degress of nudity. added that he must have dropped

Almost the only fuxury olitainable them whilst running,

It was mentioned that the de in Russia was lipstick. Silk stock. ? is were regarded with envious rendnut was arrested whilst in the

Dawning

them. eyes by the pensant young women.net of

Defendant was convicted, but The Communist religion, con- 1. Will the new lane of shares be made to shareholders of the vinced that it could create a heaven his Worship said the defendant Register, and will the new issue for humanity in this world, had no had good employment, hore a good mercy for ili opponents. The Oppu character and seemed to him to give was an uncontrolled body which had have done exactly what a good shareholders sime idea of the freno Courts. People were tapped on many others would have done. sent cash grasilion of the Company. The shoulder and disappeared. They His Worship would not send hin responsibility as the trusted guard is the Company's profit suthi might come back or they might not, to gaol, but would bind him over cient to maintain or pay a better There was no such thing as in the sum of $100 for six months. dividend than the fast, even with freedom of the Preus in Russia, nor

corner. All we ask of you now is to ensure that you march along the road to prosperity. We have no desire to

acceptance compel your

lend. But this much we have no hesitation in stating. We have not rushed into the proposed selene without careful deliberation and fail sense of its potential benefits to shareholders and that

dians of your interests.

+ or

1 now

In conclusion, it remains for

Directors tu your

tu ascertain by your voting on the resolution whether you are prepared to furnished them the authorisation for which we are now approaching you.

The resolution, which formally move, is as follows:-

"That the Capital of the Company be incrensed to One Million Dollars by the creation of Four Hundred Thousand New Shares of the nominal value of $2.00 cach

that such New Shares be issued at such time or times and on such

terms and conditions as the Direc

Shareholder's Questions,

Mr. P. N. Chau asked the follow ing questions:

be made at par

2. Will the Pietars

the new capital now being called were there any of the things which

"P

3. Do the Directors think that

the new capital now being called

we called freedom at all.

up can be suitably employed for comes up for discussion by the the Company, and can the Direc- Board next year, tors inform the vhareholders what they suppose the income will hel From the new capital?

The Replies,

Safe Employment of Money,

Our reply to your third question

is this--

HONGKONG SHARE

MARKET.

OFFICIAL SUMMARY DY STOCK EXCHANGE.

The market was quietly steady this morning, and there were enquiries for sunt stocks with prices maintained. Banks changed hands at $2,035. Unions, after being done at $655, Underwriters werd dealt in at $0.05,

The Dires tors have already The Chairman:-Mr. Chau. it given you an idea in the Chairi And

affords the Directors much len- man's speech you have just heard were wanted at $550. sure in replying to your questions of the project they have in view; hut, at the close there were buyers t

The reply to the first question It is a land development and this rate. tors shall in their absolute dis-is in the affirmative. It is our building scheme, and 1 think you

Wharves, which were reported sales cretion sve Пt."

intention to issue the new shares will agree with the Board that at $10314, were in denuand at $162, at par

capital cannot find any safer em- but no shares came out at this figure. The formation desired by you ployment than in a scheme of this,

Providents had no enquiries, but sales were effected at $0.15. in the second question is as fol-nature.

fotola (old) hat sellers at $17.00, low:-

Out of the Dusthen.

In supporting the resolution, Mr. Joseph Could said:--I should like to be permitted to say A few words in support of the Resolution! submitted from the Chair and seconded by Mr. Kadoorie.

In doing so, 1 am fully alive to the fact that we are about to vep ture into an extended field of operations, and to accept on trust, ns it were, the Board's recom- mendations, but when we refleet that this same Bourd, ably guided by you, Sir, had picked up this derelict Company, which was about to be thrown into the dust-heap, and within the short space of a than eighteen months made such a Buccoss of it, I for ono have fear of the consequences, of the adoption of this Resolution.

I am sorry it is too premature but buyers did not go beyond $17.25. for your Directors to be able to The new shares had buyers offering state definitely what the income $10.00,

The amount at credit In current account with the Hongkong & Shanghal Bank is $198,277.11, be the new capital will bring in; but Latids were again in demand at sitles which there are the Com We

ir hope,

Conditions re$91 without leading to business. pany's Investments, They repre main as they are at the time the Humphreys (old) and (new) were sent, at to-day's market rate, a total scheme was considered and decid-in demand at $22% and $22, respec-

Com.

value of $85,250,00; they cost the Company $73,388.80. The pany available cash, if the invest- ments

wold, is, therefore, $28.1,527.11.

are

We are happy to be able to in-

ed upon, that the capital will yield tively.

Realties were wanted at $17.70, but a return commensurate with thei nature of the enterprise for which there was no business recorded at this

rate. additional capital is asked from

Ewos, after being done at Tis. 15.70, the alareholders to-day.

had sellers willing to accept Tin, 15:80, Mr. Braga moved the resolution, but buyers bid no higher than Tis form you that the profits on the which WAS seconded by Mr. 161. Shanghai Cottons and Zoong Company's trading, exclusive of Kadooric, and carried unanimoun Sings both had buyers at Tls./101 and appreciation lu capital invest y

Tis. 12, respectively.

Tratas were in demand at a slightly monts, to date for the current year

Directors present were Mesare. will enable us to maintain the

higher rate of $22.10, which did not J. P. Braga (chairman), Lobtain shares, Ronic dividend for 1981 718 that Kadoorie, A. R. F. Raven (general Star Forries remained unchanged, | paid in respect of the year 1930, works manager), and Lo Chung-with buyers at 8044, after sales at fact including such dividend as will be-ahiu, and M. II. Turner "(solicitor) | this quotation.

Yauma Ferries changed hands at Shareholders present were:$26%, and there further buyers at Mesurs. M. H. Lo. C. J. Remedios, $26.

China Lights wero enquired for at Joseph Gould, F. L. Silva, V. L.

$206. ing responsibility, of men who can Whether it will be good policy dos Remedios, R. H. Basto, J. 0.20% after sales being put through at

opportunity when it to pay a higher rate of dividend. Marques, F. Marques, C. Marques, An presents itself, and this should give in view of the project of expan- G. U da Roza, F. N. Chau, Choy

any rate, the mere

now become payable in respect of the new and B. Alves (accretary).

440 in • clear proof that capital.

AL

that

this proposal is

fore

the

Board. is not composed

of timid men,

but rather of

men who do not shrink from assum-

seize

tion.

Rate of Dividend.

Electries were wanted at $81. Telephones (part pald) were put us confidence to vote for, the Resolusion contemplated by the Board, is Wing-hay, J. M. Alves, W. A through at $34%, and at the close

H. K. a moot point at the present me. Zimmern, H. K. Sequeira, there were büyors at $34.

will Braga, Chan Kan-moon, H. E. Cemants had buyers at $20% with- The times, as we all know, call mont. I trust, however you

Dairy Farms, and Watsons were in for a policy of energy, vigour and leave the question of an increased Carvalho, F. A. Barradas, B. out business..

dividend to the Directors, who will Basto, J. P. da Silva, Kwok Chan, enterprise on the part of those in take all circumstances into due Pak Lun-fung, A. M. Braga, J. V request at $82.50 and $17%, respec charge of large undertakings.

Constructions had buyers at $18. With the merciless competition consideration when the question Braga, L. G. Ribeiro, D. Lopes, H. tively, without changing bands.

declared Figueirido. we see all round us, no business of the dividend to bo

AUGUST 31, 1931.

RADIO BROADCAST

TO-DAY'S PROGRAMME.

From Z. B. W, on a wavelength of 355 metres.

6.00-7.00 p.m. Chinese Programinie. European Pro- 7.00-8.17 p.m. grammo of Victor and H. M. V. Re- cords kindly supplied by Mesars, S. Mautrio and Co.

8:17-10.30 p.m. A Selection of He cards kindly loaned by Mr. A. M. Bowes-Smith.

7.00 pm. Stock Quotations, Mall Notice, etc.

7.05.7.30 p.m._

Symphony No. 8 in G Major

"Surprina" (Haydn).

The Boston Symphony Orchestra under the direction of Serge Kouasevitzky. MGG.

1. Movenient-Adagio and Vivace

MEGAL.

2nd. Movement-Andante

Brd. Movement-Menuetto.

4th. Movement-Allegro di motto. 7.30-7.65 p.m.

Quartet in C Major Op. 18

(Beethoven).

The Flonznley Quartet.

1st. Movement-Allegro.

851-854.

2nd. Movement-Adagio cantabile.

3rd, Movement-Scherzo.

4th. Movement-Finale,

8.00 nm. Local Time and Weather Report.

7.55-8.17 p.m. Piano Solos.

To Pieces from Tho Children's

Corner Suite (Debussy).

Played by Alfred Cortot. 7146. "The Little Shepherd" and "Goli-

wog's Cake Walk."

"The Maiden with Flaxen Hair"

(Debussy) "The Wind On The Plalu" (Deburry).

Played by Alfred Cortot. 7148. Polka De W. it. (W. Rachmaninoff}. Troika en Traineaux (Tschaikowsky), Sergel Bachmaninoff. 68967. 8.17-10.30 p.m. Third Programme of Records kindly loaned from Mr. A. M. Bowes-Smith's Collection.

(A Fourth Programme from this the form of a typical source, tu Queen's Hall Orchestral Programme. will be broadenst on Sunday, 6th September).

8.17-8.40 p.m. Vocal Duet-Dance Little Lady Fron

"This Year of Grace" (Noel Coward).

Musicni Comcities.

Layton and Julinstone. (Col, 1856). Piano Medley-Sons O' Guns. Piano Medley-The Love Roco.

Billy Mayer. (Col. DB188). Vocal Ducts ligh and Low" from

"Here Comes the Bride."

"TH Always Remember" from "Hero

Comes the Bride,"

Jean Colla and Clford Mollison. (Col. DR70). Selection "Funny Face."

Victor Arden-Phil Ohman and Their Orchestra. (Victor 38918). RAD-0.03 p.m. Operatic. Overture, to "Die Meistersinger"

(Wagner).

State Opera Orchestra, Berlin (HM.V. D1314). Prize Song from "Die Meistersinger"

(Wagner).

Richard Crooke (Tenor). (Victor 7105). Vocal Gems from "Die Fledermaus"

(J. Strauss). Grand Opere Company. (If. M. V. C1847). 9.03-936 p.m. Concerto. Concerto in E Minor for Piano and

Orchestra (Chopin). Philharmonic Orchestra, Berlin.

Brailowsky and the Polydor. 27276-27283.

1st. Movement-Allegro Maestoso. End, Movement-Larghetto Romanze, 3rd. Movement-Vivace Romanze. 9.36-10-25 p.m. Selected Fox Trots. (1947-1929).

When Day la Done. (II.M.V, B6310). There's One Little Girl Who Loves Mc. (H.M.V. B5400). If You See Sally. Cheer Up, Keep Smiling.

(H.M.V. BE278). I've Learnt a Lot (from "Lady

Lack"). (H.M.V. 15265). Jack Hylton and His Orchestra. "Try to Learn to Love" from "This Year of Grace."

"A Hoom with a View" from "This Year of Grace."

Al Starita and the Piccadilly Band. (Col. 4833). "Teach me to Danco Like Grandma" from "This Year of Grace." "An' Furthermoro" from "Clowns in

Clover."

+

Ray Starita and His Ambassadors Bond. (Col. 4015). Fancy Our Meeting. Sweet So-and-So.

Geoffroy Gelder and His Kettners Five. (Regal G9148). Laughing Marionetto,

Debroy Somers Band. (Col. 5038). Constantinople.

Paul Whiteman and Orchestra. (Col. 1402-D), 10.25 p.m. Rugby Mid-day Press 10.30 p.m. (Approx:). Close Down.

News

FOR THE LADIES. SINCERE'S SPECIAL

ATTILACTION.

The Sincere Company announces a special feature at their Ladlon": Day display to-morrow, when thou- sands of articles for ladies only will be shown.

Lady patrons who attend at the store and make purchases before 11 a.m. will receive special presente. This unusual and attractive offer should not be missed.

The forthcoming wedding is an- nounced of Mr. Alfred Leonard Bydney Read, British Consulate, Canton, to Miss Maude Annie. George, of the Naval Yard, Kowloon.

If It's

SHOES

-well of

course

it's

FOOTWEAR

MADE IN SCOTLAND

Keltic

SHOES

the most outstanding of Scotch Footwear,

Made from a super quality leather, and enjoy- ing a fit and flufsh which have made “ KELTIC”..

world. productions famous throughout the

Call und Inspect them at the Sole Agents:

Wm. POWELL, Ltd.

Appointments arranged by

10, ICE HOUSE STREET.

E. A. VON KOBZA-NAGY, B.A.

KOMOR & KOMOR.

For Its Quality Drink

ART PHOTOGRAPHY,

Paintings from the Life.

Paintings Restored.

MEUKOW

BRANDY

Sole Distributors:-

OBTAINABLE EVERYWHERE

H. RUTTONJEE & SON,

Tine Generally, Wind s.E. Some showers later

THE OBSERVATORY."

WEATHER REPORTS CANNOT ALWAYS BE RELIED UPON-BUT

WE CAN GUARANTEE

SHOWERS EVERY DAY

·COLD, WARM OR HOT.

By means of our

"CASCADE" GEYSERS

fitted with shower, attachment.'

We will fix a "CASCADE GEYSER (Complete with Shower attachment) over your bath for $5 ́ONLY,

See models of this and other types at our Showroomɑ,

Special Showers supplied and fitted to suit all conditions.

ESTIMATES FREE.

APPLIANCES SUPPLIED ON HIRE HIRE-PURCHASE OR SALE.

HONG KONG & CHINA GAS CO., LTD.

Works, West Point, Hong Kong & Jordan Rd., Kowloon Central Showroom loo. House Street, (near Star Forry.) Kowloon Showroom-240, Nathan Road, (Corner of Jordan Road

Office West Point, Telephone 20000.