1934-03-05 — Page 19

'MONDAY, MARCH 5,

• TELEGRAPHL THE HONGKONG

1934.

TELEPHONIC LINK WITH SHANGHAI

EXPECTED DURING

NEXT YEAR

ground cables,

General Reserve will stand at $125,000 If you approve your Directors' recommendation that

SUNKEN

the sum of 850,000 be appropriated TREASURE

thereto. Addressing you at the inst annual meeting, I explained that your Directors were fully of the Inadequacy

appropriation

aware

of

"CONFIDENT PREDICTION” AT THE the

TELEPHONE CO. MEETING.

SATISFACTORY YEAR

this

for

HUNT

AT

RADIO BROADCAST

COMING SOON • THE

KING'S

[KICKING THE

LIDS OFF!

TO-DAY'S BROADCAST.

JAZZ PIANO SOLOS FROM THE STUDIO

fulfilment of Its specific GLENARTNEY SALVAGE]. From Z. B. W. on a wavelength of

WEN

which for purpose created, namely, the amortization the of the paid-up capital over period of the franchise, and at the extraordinary general meeting held on 28th November, 1933, made reference to the success which had attended your Company's re- presentation to Government, where- by as from the 1st January, 1934, ing will bc increased from the appropriation under this hezu $50,000 per annum to $170,482 per annum, thus effecting provision on the bis hereinbefore In-

It is confidently expected that a radio telephone service from Hongkong to Shanghai, and thence to practically all parts of the world, will be in operation some time in 1935. An announcement "to this affect was made by the Hon. Mr. C. G. Mackie when presid-diented in the matters of the ing at the annual meeting of the Hongkong Telephone present authorised capital. Co., Ltd., this afternoon.

CHAIRMAN'S SPEECH.

SOUND POSITION.

EXPEDITION

ITALIAN FIRM'S ATTEMPT

(Special to "Telegraph")

of

Rome, Mar. 4. Italian divers, who recovered the gold from the sunken P. & O. liner, Egypt, are now to make an attempt to salve the cargo rare metals lying in the wreck of On the assets side of the balance the British steamer, Glenartney, Mr. Mackie stated that the negotiations with Imperial and International Communications, Ltd., on sheet, you will observe under the aunk by a German submarine in

that your the Mediterranoan in 1918. appropriate heading

ahow A the subject had been discontinued, but the Hongkong investments continue to

The Glenartney was on a voyage appreciation, from Singapore to London with a Government were now approaching the matter from a considerable overall

which must be a source of gratfica-cargo of tungsten and other rare new angle.

tion to shareholders. The actual metuls which would be worth at the purchase present values about £500,000. jantisfactory condition of affairs, position in that

more particularly having regard to price of the combined investments She now lies in 750 feet of water The Chairman addressing share the somewhat difficult times is $193.207.19 under the ruling off Cape Bon, on the coast of Tunis.

A value on 31st December, at market

Concession to attempt the holders, wall-Before proceeding through which the Colony Is

the with the ordinary business of this present pussing: in the circum-1933.

salvage has been granted to of t meeting, I desire, on belak

Your Company, ces, 1 need hardly add that it

will Sorima company of Genoa, which your Beard, to place on record an was only after mature considern-observe, is in a very sound cash owns the Artiglio II, the ship

1 must point out, which was used to recover expression of profound regret attlon of future prospects that your position.

Included that

in Egypt's gold. - Robert Directors arrived at the decision however, the recent death of Mr.

Shewan. The late Mr. that the financial position

balance shown ZEN Gordon

Two salvage vessels, the Ipomen and the

the and the Italia have been working! Shewan was one of the original stability of the Company was such 31st December, 1933, subscribers to the Memorandum as to warrant the recommendation receipts amounting to over $600,- for several months locating the and Articles of Association of this that an increased distribution to 000 from the new share issue, pay-wreck and preparing the salvage

iu Company on its incorporation shareholders be effected. There-ments in respect of which were attempt. Captain Vincenzo Carost 1925 and served on the Directorate fore, subject to your approval. amade on 30th December, 1938, commands the Ipomea, which is 80 until early in 1932 when, on the final dividend at the rate of 8 Furthermore, payments of instal-feet long. grounds of failing health, be

per annum, making a total of 125ments ou the automatic extension risigned his sent on the Board for the year, or 2% higher than equipments fall due early in 1994 During his period of office with for the previous financial year, will and, in addition, $400,000 will be the Company, the late Mr. Shewan be distributed.

required to meet the commitment in respect of the final dividend. brought to bear much sound advice in the deliberations of the Board

EXCHANGE EXPANSION, and his intimate knowledge business and affairs, gained as the i

of

stances.

PROFITS TREBLED

It is interesting to note here, as

116

you

Are

ut

GREAT DEPTH.

365 metres:

6-8 p.m. European programme, 5-7 p.m. A relay of the Hongkong Hotel Dance Orchestra from the Hong- kong Hotel Roof Garden.

7 p.m. Closing Loenl Stock Quotu tions, etc.

7.3-7.30 p.m. Reeded Musle,

Teasing Tunes ... Tantalizing Girls Romance...Comedy!

TOO MUCH

HARMONY

BING

CHOSBY

GUER

Pianoforte

Concert Itemis.

Solo Dance

Creolu

Prevent

H

(Chamlande). Pianoforte Solo-Pierretto. (Cham- inade).

Una Bourne. Song-Love Will Find a Way, ("The

Maid of the Mountains"). Song-Waltz Song ("Merria England"

-German). •

Helene Esserman (Soprano). Violin Solo-The Dance of the Goblins

(Bazzini). Violin Solo-La Clochette (Paganini). Alfred Rode. Back to Me Song-Lover Come

(Hammerstein-Romberg). Song-Wanting You (Hammerstein-

Romberg),

Lawrence Tibbott (Baritone). 7.30-8 p.m. From the Studio, Jazz Piano Solo by Pomping Vilo.

Programme.

Sweet Sue Just You.

The World is Waiting for the Sunrise,

the

1.

2.

1 Never Dreamt.

J

4.

1.

5 Remember my Forgotten Man.

Shadow Waltz.

that

By the Shalimar.

7. Too Busy.

8 p.m. Local Time and Weather Bleport.

6.3.10.30 p.m. Chinese Btudio Con- cert.

10.30 pm. Rugby Mid-dar Press Hitherto the great depth at which the vessel. lies in muddy, News,

10.35 p.m. Close Down. sandy water, ling deterred All relays of the Hongkong Hotel salvagees, but the Sorima com-Orchestras are by courtesy of the pany are hopeful of success,

Management and during the intervals i am pleased to report that the Although the Glenartney lies at recorded music will be broadcast from result of a lengthy and honour-an, indication of the expansion able public and commercial career which your business has under-extensions to your automatic ex-a much greater depth than the the Studio.

the changes, which were proceeding Egypt, there is confidenen In the Colony; proved invaluable gone since the Inception of

Company that, whereas the sett at the end of 1933, have since been the whole, or the greater part, of not only to this, but to num profit during the first complete successfully completed and now the treasure will be recovered, alas-Manila and Shanghai in the

ther Companies with which he

the form a valuable potential source though operations will take at matter of long-distance telephonie was associated. Iis wise conn-year's working, namely, for

from pro-lenst a year.

communication, and I am glad to sels are indeed a loss to this Com-year 1926, amounted to some two of further revenue

The salvage vessels aro hear from the chairman that this pany and his passing will not only inkhs, the nett profit for the year xressive development. In this re- create a vold in the every day life under review amounts to well over lation, notwithstanding the de- equipped with the most up-to-date important matter has not been lost pression from which the Colony machinery, all made in the firm's sight of. I quite agree that of the Colony but also engender three times that figure.

Divers, the dignity and commercial im- Turning now to the balance sheet, suffered during the period under own factory in Spezin. a genuine feeling of regret to his

friends and acquaint you will observe by a perusal of review, it is satisfactory to observe it is believed, could descend with portance of this Colony should ancea throughout the Far East, the liabilities side there that that your Company has been able the aid of this machinery to a spur to our Government to push compared on with all possible despatch the inasmuch as his gentle and kindly the position shown under the head to record a further nett gain in the depth of 900 feet, as nature endeared him to all withing "Share Capital" reflects the number of new connections, in ad- with the 750 feet depth at which operation of communication by

increase in the authorised capital, dition to which some 3,000 circuit Glenartney lies.-United Press.

telephone with the outside world. whom he came in contnel.

I think I shall have your support approved by members at the ex-miles of underground cable and were laid

if I offer sincere congratulations traordinary general meeting held covered distribution

mumerous

ROYALTY INCREASES.

LONA

reference to the debit

Profilt und that the

of

count

From perusal of the accounts as for this purpose on 28th November. down in the process of making just referred will be pressed to our technical staff for having presented, you will observe our 1988-in thin-relation you will no service readily available to an in-forward-to-completion with the provided Hongkong with the most

side doubt recollect that in addressing creasing number of subscribers.

efficient telephone service" I have" ulmost expedition,. Ac-you from the chair at the last You will be gratified to learn

There being no further matters yet encountered. With these few nual my annual general meeting I fore-that the Canton trunk service calling for comment, 1 now beg words I have pleasure in second-

far- becoming increasingly popular and ment to Government of $1 per ex-shadowed the possibility of

that the traffic carried by the formally to propose that the Re-ing the adoption of the report and change line in respect of royalties ther capital being required at

linca for the period port of the Directors and the accounts na presented.

accounts for the financial year end- The report and accounts were has reached the figure of 816,070, or relatively early date to take care trunk

of the rapid expansion of your under review was considerably in 31st December, 1933, as pre-adopted unanimously. practically double that paid

01 greater than that for the voring the first financial year from undertaking in the Snancing the date of the incorporation of the installation of extensions to preceding year. In this connec sented, be adopted, and that the your Company in June, 1925; in your automatic exchanges and to tion I would like to record the following appropriations, recom mended by your Directors, as in- which relation it will be appreciul proceed with the carrying out ed that the amount payable under ther contingent capital works. this heading is one that with nor mal development Increases yearly.

co

'NEW CAPITAL.

The amount contributed therefore During the financial year under should, bo w measure of your Com-review, your Directors continued pany's prosperity and, incidentally, to scrutinise closely the position to public revenue.

that the time had arrived when the

250.25.

transfer to

OTHER BUSINESS.

The Hon. Sir Shouson Chow of Company's appreciation of the corporated in the Balance Sheet and Mr. A. 1 Shields were re- close co-operation afforded by the be carried into effect, namely:- elected to the Board of Directors, Cunton Administration in the

the proposal of Mr. Frank Payment of a final dividend of 80 on operation of this service, as!

Mr. S. T. evidenced by the efficiency and cents per share on Old Fully Paid-Austin, seconded by

$400,000; year), reliability with which it has con- shares (making 12% for the Williamson.

Mesars, Lowe, Bingham & Mat- lat General Reserve (bringing same thews were re-appointed Auditors tinuously functioned since epresents a material contribution of your Company and concluded September, 1931.

The advantage of teleprinter up to $425,000), $50,000; Carry at a remuneration of $3,400, on the certain specialised forward to next Account, $150,-proposal of Bir. A, McKellar,

Reconded by Mr. A. M. L. Soares, The item "Bad Debte" standing necessary action should be taken, working in

is becoming in-

This concluded the business, the at the neeligible figure of $169.56 As you are aware, the maximum businessses

he creasingly apparent and several I shall be obliged if a share- hardly requires reference, except amount of capital which can

the employed from time to lime in

new installations were put into holder will kindly second such' Chairman announcing that divi to direct your attention to

in operation during the year under proposal, whereupon questions as dends were ready, business la scheduled amount involved, indicative as it your

to the report and accounts may be

Present wore the Hon, Mr. C. G. is that the business in which we the Telephone Ordinance and the review.

In May, your Company staged a rained,

S. Mackie (Chairman), the Hon. Sir Shouson Chow, the Hon. Mr. are engaged in being conducted consent of the Governor-in-Coun

to any increase telephone exhibit at the Empire SECONDER'S SPEECH. on sound lines-in other words, all cil is essential

H. Kotowall, and Mosar. A. L. revenue accruing is 100 per cent. ¡contemplated beyond the figure Fair held in the Peninsula Hotel

Con-and I think that any shareholders Mr. G. C. Moxan, in seconding Shields, J. P. Warren, D. H. Blake, effective in the matter of collec speciñed for the time being,

WEB prepared who visited this exhibit will agree the chairman's speech, said:-1 and J. Scott Haraton (Directors), tions made.

sequently, a case Provision has been made for the and presented to Government and with me that the staff is to be con- am sure we have all listened with air, J. H. Taggart (Managing P. Sherry customary bonus to European staff after investigation and due congratulated on the excellent show-attention and satisfaction to the Director); Mr. J. which, I am confident, will have sideration of the position. per- ing which made the Telephone Interesting speech we have juat (Manager); Mr. W. L. McKenzie, the support of shareholders, not only mission was granted to inereuse Company's section the chief centru heard from the chair, I consider A. C. A. (Secretary); and the

the Authorised capitul

rom of attraction and afforded au that both the management and following shareholders: Mesars, in view of the financial results achieved, but also having regard $5,000,000 to $7,500,000. The new opportunity of demonstrating to shareholders are to be congratula A. II. J. M. Figuereido, C. C. to the high standard of efficiency shares were offered to existing the pubile special facilities in ted on the record of progress dis. Moxon, A. McKellar, S. T. William- service of the closed. The Increase of yearly son, Lo Kalving, H. W. Walker, has been maintained, resulting in new ahare for each two old shares availability of which they might appropriation to amortisation fund A. M. L. Soares, W. C. Clark, Wong in operation at which your system shareholders in the ratio of one communication the atrengthening of that and the first call of $2.50 per share be unaware, Intangible, but nevertheless became payable on 30th December esectial, asset, the goodwill of the 1933. As your Directors anticipat public whom your Company serves.ed, the new issue was completely!

successful. DEPRECIATION.

.

ion: $50,000 to $170,482 is, I am Ping-sun, C. Hatt, F. M. Elle, sure, a wise and necessary step. 31. Raymond, M, H. Turner and Hongkong seems to have "lagged Frank Austin (attorney for Mr. behind neighbouring cities such A. J. David).

RADIO PHONE LINK. With reference to the matter of the establishment of a radio tele- phone link, enabling subscribers NO RATE INCREASE.

In Hongkong to communicate with DAY BY DAY NEWS IN BRIEF Provision has been made in the matter of depreciation, following Before leaving this subject, those in practicalis all other

THE GREATER PART OF MANKIND The sa. Empress of Japan arrived the policy pursued since the in-would like to make it clear that, countries in the world, I am given

increased to understand that, although the ARE ANGRY WITH THE BINNER AND at Vancouver on Saturday at noon. ception of your Company, and in notwithstanding the

divi-negotiations with the Imperial and NOT WITH THE BIN-Seneca.

Five enses of meningitis, and one respect of current year the apparnings required to meet

Communications, propriation bo this

case each of small-pox, diphtheria and Account dend commitments on the augment International

At to-morrow's meeting of the typhold, were reported to the local amounts to $401,670.02. In this ed capital, your Company does Ltd, to which I referred from the connection I would remark, en not propose to increase the rates chair at the last annual meeting, Rotary Clubs the speaker will be Mr. health authorities on Friday. passant, that your Board is alive of subscription. On the contrary, have been discontinued, Govern- K. B. Vaidya, D. Com., and his sub-

The commemoration service for, the to .the

of makli every endeavour will be exercisedment is appreaching the subject Ject Bisconceptions about Indin." necessity

late Mr. C. C Wo, which was tenta- adequate provision under this to maintain these at the present from another angle and I think it

Tuking an overdone of sleeping tively fixed to be held on Saturday hending, particularly having re-low level at which they have con- can confidently be predleted that

підп named afternoon at the Chinese Chamber of Rard to the deleterious effect that, sistently remained over a period telophone service to Shanghal and draught resulted in n

Commerce, has been postponed, Stree!, ellmatle conditions may have of years. It might be opportuns beyond will be available to Hong-Kwong Sun, of 38, Stanley

Arrested in Hollywood Road near upon a plant which in operation here to remark that subscription kong telephone users some time in being sent to the Government Civil

Hospital.

its interesation with Graham Street, a in not only highly delicate, but rates still remain at a figure sub- 1935. also hyper-sensitive to the vagaries stanhope Commission determined importance of this Colony, bath stantially below that which tho In my opinion, the dignity and

Ng Taun, aged 30, umeniployed, was married woman, Chan Mul, 31, of temperature and humidity,

bound over by Mr. Balfour in the discovered to be carrying 11 po-plu It will be noted that nett profit as equitable in 1922 and this, geographically and commercialis, Central Magistracy this morning, om lottery tickets, oncealed in her waist Charged before Mr. Balfour shows an increage of $80,086.89 notwithstanding the heavy expen-warrants that, in relation to in- a charge of the unlawful possession band.

has tornational communication by of a rod woollen shawl, valued at $7. In the Central Police Court this morn- over the figures for the preceding diture which your Company financial year and I feel confident incurred in converting the whole tolephone, urgent attention should Defendant was arrested in. Lower Ing, she was fined $150 with the alter-

She had a babe in arms. that shareholders will agree that system to Automatic working and be given to this matter, and I trust Lascar Row. The shawl was ordered native of six weeks hard labour. such increase revenia a highly replacing overhead lines by under- that the project to which I have to be confiscated.

WAS

poisons breeding

in your Own

mouth !

HOLLYWOOD'S PRETTIEST GIRLS

Poisons as dangerous as the poison in the fangs of the serpent may be created in the mouth, if particles of decaying food are allowed to remain in the crevices of the teeth. All decay is caused by germs and bacteria, invisible to the eye. Science discovered Pebeco, the tooth paste which saves the teeth from destruc- tion and keeps them white 'and attractive.

PEBECO

TOOTH PASTE

A British Product.

EBECO

PREVENTS UPYORRHŒBA÷

THE

'Regulo'

. Regulo OVER HEAT CONTROL -A FEATURE OF ALL NEW WORLD

COOKERS

WHICH

MAKES COOKING AUTOMATIC.

WE HAVE NOW RECEIVED SUPPLIES OF THE

CHINESE-ENGLISH- EDITION OF THE

"RADIATION”.

COOKERY

BOOK

CONTAINING SOME HUNDREDS OF RECIPES.

THIS BOOK (OR THE EDITION. IN ENGLISH ONLY) WILL BE

GIVEN AWAY FREE

TO ALL PURCHASERS OF THE "FRONTLINE" "NEW WORLD" COOKER OR ANY OTHER "NEW WORLD" COOKER..

COPIES ALSO ON SALE AT OUR SHOWROOMS AND OFFICES. CHINESE ENGLISH EDITION ENGLISH EDITION

HONG KONG AND CHINA GAS CO., LTD.

Works and Offices-West Point. Central Showroom Gloucester Building. Kowloon Showroom-246, Nathan Road. Telephone 28181,"

RANGOON RIOTS

PRISONERS SET FIRE TO CENTRAL GAOL

escape from the Central Gaol in Rangoon' yesterday..

The prisoners Iden was to take advantage of a fire they started in three farge workshops,

The buildings Word

flames-Reuter

gutted

Rangoon, Mar. 3. Military police, with fixed before the Fire Brigado was able bayonets, saved a critical situation to master the when 1,600 prisoners attempted to Special.