1933-05-22 — Page 5

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KING'S THEATRE

TENTH ANNUAL

DANCING DISPLAY

BY THE PUPILS OF

MISS VIOLET CAPELL

Under the Distinguished Patronage of His Excellency The Governor and Lady Pool

on

WEDNESDAY, 31st MAY, 1933

at

5.15 p.m. sharp.

Part Proceeds will bo dohaled to

Local Charities & The London Hospital.

BOOKING NOW OPEN-

Drass Circle $3. Front Stalls $2, Back Stall $1,

Including Tax. Children, Soldiers & Sailors in Uniform Half Price.

1933 Marches On!.......With One Of {The World's Undying Romances

We Llaber in a New Year -

with the Mors Magnificent

7 Production of this Immortal Story........ :the Love-Drama of a Yankee Sallor and i

Ps (Japanese Geisha Gtl165

MADAME BUTTERFLY

SYLVIA SIDNEY CARY GRANT CHARLE RUGGLES

B.P. SCHULBERG

PRODUCTION

a Sumamont Suture

QUEEN'S THEATRE FROM THURSDAY.

From the:-

ICY CRYSTAL WATERS

No. 1

No. 2

No. 3

No. 4

No. 5

FREE:

of The Norwegian Fjords!!!

Finest Bergen" Brand

in Tomato Sauce Very Tender. Deciderity Delicious in half-pound tins .33 cts. tin: 5 for $1,50. Finest Kippered Herrings Boneless Fillets "Auk Brands half-pound tins 28 cts. $1.65 for 6. Finest Sardines in Pure Olive Oil "Ship" Two Layers 16/20 Fish 334 oz. 20 cts, or $1.50 8 tins. Finest Sardines in Tomato Sauce "Fjord Queen" Two Layers 16/20 Fish 34 oz.

20 cts, or $1.50 8 tins. Finest Bristling Sardines in Pure Olive Oil "Three Auks" 16/20 Fish 334 oz. 32 pts. or $1.50 5 tins. illustrated Recipe Book for Herrings.

HABADE LIMITED

(Cut This Out and Place Your Order)

HABADE, LTD.

St. George's Bldg.

Hongkong.

Please supply the following:--

22, Hankow Road,

Kowloon.

tins Item No. 1.

3

5

To Name

Address

ALWAYS USE

FINEST ANCHOR

Dest

BUTTER

OBTAINABLE FROM

CHOICEST

LANE, CRAWFORD LTD.

AND ALL LEADING COMPRADORE STORES.

THE HONGKONG TELEGRAPH.

SUGAR REFINING. CO. FINAL MEETING.

HEAVY LOSS REALISED ON MACHINERY

The Anal meeting of shareholders of the China Sugar Relining Co. Ltd., in voluntary liquidation, for the purpose of adopting the accounts of the joint liquidators, Alosara. Jardino Mnthenon and Co., Ltd., and Mr. John Fleming, and to pass an extraordinary resolution for the destruction of books, accounts and documents of the Company, was held, in the Board Room of Measts. Jardine Matheson and Co., Ltd., on Saturday,

MONDAY, MAY 22, 1933.

SATURDAY'S DOWN-

POUR.

RAIN COMPLETELY WASHES OUT SPORT

com-

Sport on Saturday was pletely washed out by the heavy rain which fell from about 2 p.m. until nearly 6 p.m., after a sultry few days.

The downpour seemed to have been heavier in Hongkong than in Kowloon, where only 0.72 inches were recorded for the 24 hours ending 10.30 a.m. yesterday at the Royal Observatory,

SILVER'S BRIGHT

FUTURE

METAL'S PRICE MUST BE ENHANCED

Washington, May 21. A warning to the world not to expect too much from the World Economic Conference, was uttered to-day by Professor Moley, Assistant Secretary of State and confidential adviser of I'resident Roosevelt. At the same time this expert painted a bright picture of the future pro spects of silver,

Professor Moley pleaded for The adoption of the accounts was proposed by Mr. Ho Loung seconded sive hent, in which Hongkong had an international monetary stand- The rain, dispersed the oppres, caution before an carly return to by Mr. P. C. Potte and carried.

The following resolution was pro-

been sweltering during the week, ard, and stressed the point that posed by Mr. F. C. Hall-That the and Saturday night was much war debts were not a matter which books, Accounts and documents of the cooler.

could be traded against other mat- Company and of the liquidators thero- A small landslide occurred inters. of be retained by Messrs. Jarilao Belcher Street about 7 p.m. on Matheson and Co., Ltd., they under-Saturday as a result of the loosen-

It should not, be expected, he taking to destroy the same at the ing of a large quantity of rock and ference itself would be able to Patel, that the Economic Con- expiration of five years from the earth from the hillside. dinaolution of the Company.

Mr. Ho Leung seconded and the und had to be diverted along the would alleviate the economic dif- draw up any plan for a series of Traffle was completely blocked, international measures which resolution was carried.

In the balance sheet of the Com-Prayn. Buses coming into town ficulties throughout the world. pany as at May 18. 1928, the date of were particularly affected, as they For instance, there was the dif~ of liquidation, the have to take the route through ficulty of extensively attacking commencement estimated amount recoverable on the Belcher Street. land and buildings Hongkong and Swatow

was stated at $817,855,64 The scene of the occurrence is trade barriers. The removal of while the accounts of the liquidators about twenty "ards from the West these would probably be the most difficult part of the whole con- shows that the amount actually reali-Point Fire Station. Happily, uo

ference. sed was 33,018,333.31. Similarly the pedestrians were passing the spot estimated value of sugar in stuck and at the time, and no casualties oc-

Professor Moley stressed the on shipment was given at $1,449,511- | curred. The rock was loosened importance of the silver question, 19. In this respect the liquidators with a deep rumbling, which gave declaring it was not much a mat- accounts show realisation of $1,400,- timely warning to those near byter a remonetising silver as of 867.97.

The total reecipts. for the period

The task of clearing the debris enchancing its price in order to from the date of cominencement of was undertaken early yesterday enable Oriental and South Ameri- liquidation to March 21, this year, morning, and by about 11 am. thegan countries to purchase United were $6,094,096.23. The bulk of this route was open to traffic, although tales ponds, went to pay the Bank ($2,770,8001 to a large quantity of stone und earth.

He predicted that the Economic meet debentures, and Jardine Matheilt roninius to be cleared.

Conference probably, would agree son&Co., Ltd. ($1,707,678). The

immediately on a moustary policy, balance curried down was $50,702.20,

working through th ventral Lo be dealt with as follows: First

banks, supplemented by and final dividend payable to share

zynchronisation of internal gov- hulders at 43 cents per share, payable on April 21, 1933, 550,400; balance

(ernmental expenditure and the pro- left in hands of liquidators to meet the

gressive removal of exchange res cost of final advertising, printing.

strictions. Reuter etc., $302.83.

The capital of the Company was $4,000,000 in 80,000 shares of $20 each In 1924 shures were at $495.60. In 1928, after suspension of activities, they were sold as low an fifty cents.

SHANGHAI BALL BROKEN UP

TEAR GAS BOMBS

Shanghai, May 21,

A startling incident occurred at St. John's University Ball Fast night. when the remarkable aperticle was witnessed of terror-.

GEORGES PHILIPPAR.

stricken dancers, with tears; DISQUIETING EVIDENCE IN alrering from their eyes, rushing. from the ball room.

REPORT OF WRECK

London, May 220.

2

It is understand that evidence of a most disquieting nature is contained

It appears that while the hall was in darkness, prior to a flash-| light photograph being taken, an in the Investigating Committee's re- unknown person hurled tear gas port on the toes of the French liner, bombs into the crowd. Several. Georges Philippar, for which the persons were slightly injured la London Theurance Market officially the rush for exists.

applied to the French Ministry of Marine.

Interest Dn

RS

“GETS-IT”

Gives instant relief to

the most painful CORN

Liquidators Account. The Liquidators account showing the manner in which the winding up had been conducted states:-in ace cordance with Section 178 of the Com- panies Ordinances 1911, the resolution to wind up this Company voluntarily wae advertised in the Gazette on 26th Miny, 1928, ni nin in two local news npers. The provisions of Section 181 regarding the Creditors' Meeting and advertising same in the Gazette anal two local newspapers were complied have been a patriot, opposed to by the insurance companies, an

The perpetrator is believed to

The £1,425,009 claim was fully met the with. At much Meeting held on 18th

- amusements such June, 1928, it was not deemed necez-

dancing, understanding that the underwriter during sary to appoint another liquidator or

The country's crisis.~|received, as soon possible the Committee's report on the dienster, to appoint a Committee of Inspection. Reuter Special Debts or Clalms against the Company

bub though eight months have clupsed were advertised for in the Gazette outlay in partial development, lay out contents have so far been kept secret. wince tho report was completed, the on 25th May, 1928, and in two loen! of roads, etc. While this Asset re- newspapers on the same date. Notice mained unrealised the

Legal proceedings have been in- of intention to deelnee a final Divid Creditors' advances continued and no siituted in behalf of the Frencht. end was advertised in the Gazette on

less than $385,203.52 was expended; against the owners of the Georges English and Spanish underwriters 18th November 1931. Creditors

to minimise this charge elaims were again advertised for on tion of the refinery land was let for times Company, to recover the value large por Philippae, the Messageries Murt- the same date. A compromised Deb-

starage purposes, but the raten tors' account was not paid us arran obtained were not high in view of the of the lost cargo.-Reuter, red, however, which led to a year's insecurity of the tenants' leases. A delay in closing the liquidation. The certain delay was experienced in sell- Notice calling the Final General Meeting other property owing to its close Ing was advertised in the Gazette on proximity to the Morrison Hill re- Friday, 7th April, 1938, and also in clamation. Owing to the disturbed two lent newspapers. The refinery state of China, Stocks on shipment was closed down in May 1928 but it

were only gradually disposed of. For was necessary to retain a number of

the same reason it was found that the staff for packing mul dispraal of

certain Debtors were unable to meet the Stack on hand; to facilitate its their obligations and though eventu dispusal thu Cube Supne depart-ally sonic concessions had to be made, ment ነቱ”ነ ሰብ garried on with little Inar was made in collection of successful remulls until the

stock their accounts. Periodical reports on suitable for this purpose was the progress of the liquidation have exhausted. With the exception of already been given to Shareholders the Manager, whone services were

vere with the liquidators annual accounts retained for some months, the -Buro- and lave dealt more fully with the pean staff and families were at once gradual realisation of the Company's repatriated. Messrs, Jardine, Mathe Assets. The Funds available when no son & Co. Ltd., having guaranteed further Debis could be collected were full myment to them of their balances $50,702.80. Out of this sum a Firet in the Provident Fund, the liquidators and Finnl Dividend er

Return

of were placed in a position to pay these | Capital of Sixty Threa

centa per Preditors before they left the Colong. abare has been declared payable at the offices of Monses. Lowe, Bingham & Matthews, Mercantile Bank Build- Claims were received from ex-em-ing, on or after 21st April, 1933. ployees, who had been pensioned by Dividends unelaimed by the 21st Octo- the Company and those whoa hnd been her, 1933, will be lodged with the Of given life pensions were admitted as | cial Receiver to whom application for Creditors, Life annuities were pur-payment should be made after that chased and handed to them in settle dute. It will be observed that the ment, but it was found that the Pen- juint liquidators have charged $40,- sion Fund of the Company was inade- 000.00 for their services for the Ave aunte by $76,191.04 to meet this Habi years of the liquidation. Based ou lity, resulting in the loss shown in the Assets realised and the funds the Realisation Account. Heavy disposed of this num is some $6,000.00 Josses were realised in disposing less than seale charges. of the Machinery and Plant, auch of which had be sold as scrapi part of it was sold to Australian buyers but most, including the En- gines and Electrical Plant, found its way into South Chinn. Charcoal, of which a heavy stock and been carried for refining purposes, proved unsale- Able at prices anything like cost and after some sales to Manila at fair prices a buyer in England took the remaining stock at nominal cost, the stock having been advertised ex-; tensively throughout the East with- out success. The Water and Patent rights of the Company were unrealis able but little loss resulted as thes Aarela had been well written down in earlier years. The fleet of lighters and the Company's launch found ready buyers at prices considerably higher than their book values. The chief Annet of the Company lay in its land, of which it had been the owner for many years, and which in conso quence realised a substantial profit on sale. The European and Chinese Staff tengments were soon sold locally at satisfactory prices but the refinery land was too large in area for the ordinary purchaser. Plans wors pre- pared for its salo plecement but ultimately a buyer for the whole aren was found at what the Equidators considored a satisfactory Aguro, hav ing regard to the fact that salo ploce- meal would have entalled considérable

Pension Fund Inadequate.

Buy a bottle today.

31-29-

SWAN, CULBERTSON & FRITZ.

.

Investment bankara and brokers in sceuritics and commodities

Daily New York and London Stock Exchange Service' - Commodity Futures on the principal-American markets

Members of New York Colton Exchange.

Members of National Raw Silk Exchange Inc., New York. Members of The Rubber Exchange of New Yerk, Inc. Members of The National Metal Exchange, Inc., New York. Members of Chicago Board of Trade.

Correspondents for Hayden, Stone & Co. Telephone 27263,

Cable Address: Swanstock. Asia Life Building, 14, Quoen's Road, Hongkong.

DURING

EMPIRE WEEK

We are making a

SPECIAL DISPLAY

of

ENGLISH FOOTWEAR

Every model shown in our windows will be from British Factories BODY & SOLE

and

EVERY STITCH

The Proud Products of the English Craft. GORDON'S, LTD.

The Colony's Leading Shoe Specialists.

THE SMARTEST PEN

EVER SHOWN.

EVERSHARP

DORIC

See these new beautiful pens now on display at Sincere's

the new Doric Eversharps are the finest writing instruments ever made.

TWELVE SIDED. GEM BRIGHT. GRACEFUL

BETTER TO WRITE. FEATHERWEIGHT,

PERFECTLY BALANCED.

DISTINCTIVE INLAID FILIGREE BANDINGS & CLIPS.

Usual Eversharp Exclusivo Offer of Choice of 14 Pointe,

THE SINCERE CO., LTD.

SOLE AGENTS.

UISED

CARS

ENQUIRE AT GILMAN'S FIRST !

KOWLOON

Tel. 57226.`·

HONGKONG

Tel. 22614.

D. Stowart-Sales Manager.

HOUSE PURCHASE

SCHEME

combined with Life Assurance.

SAVE RENT

by

BUYING YOUR OWN HOUSE

with the assistance

assistanco of. UNDERWRITERS, LTD.

Hong Kong Bank Building

CHINA Phone: 28121:

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