1935-03-12 — Page 19

RADIO PHONE FOR. HONGKONG

(Continued from "Page`1.)

made for the increase of the authorised capital of the Com pany in 1933-In effect, such increased sation of the capital over the residual appropriation represents the amorti period of the franchise under which your Company operates.

Caplini with a commensurate return in the matter of interest.

WAR LOAN PURCHASE

With this end in view, your Mast- ager (who proceeded on Home leave during the year under review) was requested to consult_our London Agents-the Oriental Telophone and Electric Co., Ltd, and to report their liberation on the part of your Board, views. As a result and after due de. it was decided to purchase £50,000 of 34 per cent. War Loan--which in- For the purpose of effecting a direct vestment now appears under ita np. comparison of the actual nett proat, propriate heading in the balance the difference between the figure now i sheet and I trust your Directors allocated to Reservo and the former action in this matter will have the appropriation should be deducted and endorsement of shareholders. The tio resulting increase of profit will be soundness of your Company's cash. shewn in the amount of $74.991.08, or position will be obvious to all mem- approximately the

THE, HONGKONG TELEGRAPH.

TUESDAY, · ·MARCH 12, 1935.

BRITISH DEFENCE PLAN APPROVED

LABOUR'S CENSURE

MOTION DEFEATED

the equivalent of the hers and does not require emphasis. GOVERNMENT RETAINS

requisite amount necessary in order to meet the dividend on the increased capital of the Company-subscribed as at and ranking "pari passu" from the 1st January, 1934.

Under normal trading conditions this increase could but be regarded highly satisfactory: I am confi- dent, therefore, that I am voicing the opinion of shareholders in stating that the results of the operating of your Company for the past year are highly commendable, having regard to the difficult tincs through which the Colony has passed,

All your plant and other equipment have been maintained in first class condition and your Company's well- defined policy of consolidating - and further developing its extensive net work of underground cables covered distribution has been con- throughout the sistently pursued year.

without

and

to

the Canton Trunk Service is, in my. The result of the year's working of opinion, very gratifying, having re- gard to the somewhat depressed con- Addressing you from the chair at ditions appertaining generally the last annual meeting when your calls on which are completed on de business as a whole. This service, Directors recommended the declara-mand and on which a high standard tion at a final dividend of 8 per cent of transmission in maintained, han making a distribution of 12 per cont for the year- remarked that such since its inauguration on lat Septem-

functioned,

Interruption, recommendation had only been made

ber, 1931. after your Board had given mature consideration to the future prospec.s of your Company, The fact that your Board is enabled to present to you

the main necounts jusalyang tenance of this rate of distribution for the current year ba the increased capital bears cloquent testimony, in my opinion, to the stability of your, undertaking.

NEW RESERVE SUGGESTED

|

to

FUTURE EXPANSION

When your Company embarked on this project it had in mind that, in time, this link with Canton would furnish an outlet ail ather Im partant centres in Chian and beyond, and i am pleased to inform you that this prospect in within mensurable dialance of being fulßßed, having re- gard to the fact that the Canton Government with its characteristic enterprise has, I am Informed, em- harked on the work of construction of

con

radio telephony station for munication with Shanghai and other parts of China, in which connection we have every reason to anticipate that this radio station will be func

FAITH IN LEAGUE.

Labour's motion of censure in the House of Com- mons, according to reports from London to-day, was defeated by a vote of 424 to 79. The censure was in respect to the Government's defence plans, which envi- sion the expenditure of more than £10,000,000 over last year's defence estimates, largely to be used in strengthening the country's Air Force.

RADIO BROADCAST

Vocal & Pianoforte Recital From the Studio

TOPICAL TALK

From Z. B. W. on a wavelength of 565 metres (845 kilocycles).

4-7 p.m. Chinese Programme..

7 p.m. Stock Quotations.

7,03-7.28 p.m. Military Band Selec- tions. Aldershot Command Bearchlight

Tattoo Carmen" Selection (Biret). Selection Tales of Hoffmana

(Offenbach).

*

Selection-Martha (Flotow).

7.28-8 p.m. Light Concart Items.

Violin Solos Passepied (Delibes),

Yell d'Aranyi.

Violin Solos-Tango (Albaniz).

(Leoncavallo).

Songs--La Mattinata (Tis the Day) Song O Sola Mio (Beneath thy

Window) (di Capon).

Riccardo Stracelari (Baritone). Orchestra-A Fairy Ballet (White).

Sir John Simon, explaining the Government's Instrumental--Orientale (Glazounay). policy, said that they had not departed from their Orchestra-indrops-Pizzicati for trust and belief in the efficacy of a League of Nations; Strings. (Riviere), in which every major power was represented, and that SongsToo late to-morrow (Langon they were labouring still for conditions which would Songs-Macushia (Rowe), allow the return of Germany to Geneva.

Women who scattered, pacifist pamphlets and shouted against the Government's defence policy, were expelled from the Strangers' Gallery during the debate.

London, March 11.

The House of Commons to-night passed a vote of confidence in the Government by 424 to 79.

berg).

Richard Crooks" (Tenor). Instrumental Moonbeams Fund

Shadows (J. H. Squire).

Harcourt

8 p.m. Time and Weather Report. 8.03-8.35 p.m. The entire Musical. numbers from "Yea Madam" sung by Binnie Hale, Bobby Howes, Bertha reason that we welcome the entry Belmore, Billy Leonard, of the Soviet Union Into the Brook, Wylie Watson, Vera Pearce and League and have ourselves never the Hippodrome Theatre Chorus of Eensed to try and persuade Ger- Girls with Orchestra. many to cancel her notice of with- Rosamunde-Ballet

p.m. Orchestral Programme.

Music in G. (Schubert). Tragic Overture, Op. 81 (Drahms). Hungarian Dances (Brahma, DIT.

Dvorak). Gapak ("The fair at Sorotchinsk")

(Moussergaky).

8.35-9

The vote was on the Government As this will probably be the last

defence policy, which demands an in-drawal." occasion on which I will have the

crease of £10,600,000 in the Army honour to address you at an annual

In international polities, he con- estimates, envisaging an increase tinued,' it was not a question of meating. I desire to avail myself of

of the Royal Air Force and other doing what was ideally best, but the opportunity of urging the neces

defence units. The House rejected of doing what sily of inaking representation 10

was best in the the Labourite motion of censure of existing circumstances. The Gov- Government for permiston establish an Investment and Exchange tinning in October, 1934. The value the

Government's plan. Labourernment were not proposing a United Kingdom" by Mr. G. C. 99-20 p.m. Topical Talks on the Fluctuation Reserve, for which no

to the Colony, as well as to charged that the Government's increase in the size of the forces,

Pelham. provision exist in the Telephone the individual merchant in being able policy was a "repudiation of the xcept in the cause of the Air Force. Ordinance as a present framed. In to communicate by

9.20.9.30 p.m. Contrasts (A Pot- telephone, from | League of Nations."--United Presn. | What they did ask was that those pourri of Famous

Melodies) this relation it in unnecessary for me Hangkong to other important trade

SIMON WINDS UP

forces they possessed, if called upon | (Robrecht). to do more than merely refer to the

contrer eannot, in my opinion, be

London, March 11. to meet an aggressor or to pursue

9.10 p.m.

Keuter Press Bulletins, vagaries of exchange-n problem

overestimated. whien confronts us all-and it ap-

The Labour motion of censure an obligation under the part, London 1 p.m. Stuck and Commodity pears to me that, more particularly There being no further maitera

was defeated by 424 to 79 votes to-should be as well equipped as Quotations. with -regard to

the business of a calling for comment, i now beg for day.

9.33.10.95 p.m. From the Studio, possible.

Miss Maria Gomes, F. T. C. L. public utility company ho effort mully to propose that the report of

Referring to the joint com- (Soprano). should be spared to achieve financial i the Directors and the accounts for

munique issued after the Angle

Mrs. Nurn Kanin (Pianist). stability in operation at all times the financial year ending 31st Decem,

French London conversations, he

Programme. and under all conditions; in the cirber, 1934, as presented, he adopted,

said the reference in it to direct Vocal:- cumstances it would appear super, and that the following appropriations,

and effective co-operation of Ger- fluous for me to macabei the obvious recommended by your Directors, as arguments in favour of the establish. Incorporated in the Balance Sheet be

many was, in the opinion of both ment of such a Reserve, having re-carried into effect, namely Bayment methods and outlook which pre-ments, of special importance, and Pianoforte Solos:

Far from reverting to the the French and British Govern, (b) Ritorna Vincitor, Op. "Aida" gard to the fact that matwithstanding of a Anal dividend of 80 cents per the exercise of the utmost enation in share on the Fully Paid-up Shares vailed before the consultative are they followed that up by making Rigoletto Paraphrase the employment and diversification of (making 12% for the year), $400,000; tem was established, the vital pur-arrangements for the visit of Sir investments, this all-important fac payment of a Bral dividend of 20 pose of the present negotiations was Joha Simon to Berlin. That Vocal: tor has a material, it not paramount, cents per share on the. Partly Paid to secure conditions in which Ger- would take place in about a fort- bearing upon any auch transaccions, op Shares making for the many might return to the League of

of night. Under De existing terms of our year), 850,000; transfer to General Nations, said the Foreign Minister. All had their parts to play in francaise, any profit accruing from Reserve

(bringing same up to

"We are convinced there is no these matters-countries that the disposal of investment against $595,482.00), $170.482; entry forward contra reserves must be credited to to next Azrount, $160,215.0: and security for the world comparable wished for modification of exist Profit and Loss Account, whorens de shall be obliged if a shareholder will with effective working of a reallying treaties, no less than those preciation In VAJUCH EDI such invest kindly second such proposal, where-universal Lengue of Nations," Sir asked to concur in those modifen- ments

be offset by A upon questions, as to the report and John added.

tions. If the former expectand recompensing transfer arom roth, necounts may be rnised.

Twice the debate was interrupted no one can complain if they do→

cannot

-and-Lona.-- in this- connection -I- inay

that Government has not yet add been approached in the matter of

SECONDER'S SPEECH

and Gentlemen--I тіне

obtain the requisite authority to In rising to second the Chairman's reelity unis condition affairs, the motion, Mr. G. C. Moxon sald: Mr. consentences of which had not the Chairman samo significance when the Telophone with much pleasure to second the adop drated, tion of the report and accounts now but I am confident, however, that before this meeting. The Chairman given us such a clear picture of not think necessary request could the position that I do

Ordinance

originally WILH

of

Sir John Simon, the Foreign Minister, winding up, stated with the full authority of the Govern- ment that "our policy is based on alterably upon membership in the Lengye."

(n) Star Vielno

Salvator Rana.

Verdi.

Verdi-Liszt.

(n) Nel Passate

Carducci, (b) Yul lo sapete "Cavallerlä

Rusticana.

Mascagni.

Pianoforte Solos:-

(a) Bec's Wedding.

(b) Prelude.

Mendelssohn.

Scriabine.

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ARTS & CRAFTS

by women who threw pacifist leaf-some modification of the present:----10.65-11 pm:- An Emporium · Ball---|---- lets down into the House from the situation, the latter may also rea- room Dance Orchestra. Strangers' Gallery.

They were ejected, shouting de- nunciations of the White Paper in which Britain's defence plans were recently outlined.—Router.

cussed as a whole and by the

debate defining the Government's ;

on which it is based.

10.30 p.m. Press Bulletins, Stock

11 pin. Clone Down.

sonably ask that changes in which they are asked free to concur be Quotations. accompanied by assurances which are essential to ensure tranquillity and security.

FRANKNESS NEEDED

in

CROWDED HOUSE

natione, including those of the

application in respect of such an

London, March 11.

United States, Japan and Russia. It had been suggested in some Ile mentioned also that many coun- eminently

receive the rympathetic cun- there is anything I can usefully add debate on Imperial Defence had only country alluded to but

Interest In to-night's Commons quarters that Germany was the trios, and particularly author- sideration

the itarian countries, had adopted of Government, more The Company is very well run and particularly having regard to the fucts in these dimeult days.

our dance is healthy-comforting been stimulated by the fact that white Paper. That was far from comprehensive plans for mobilis- I am the subject, instead of being the trath, set the Paper saidation of whole nations in time of fact that your Company, by the adap

glad to learn that tion from its inception of a conserva-months this Colony will be linked by Estimates for individual Services, had not himself said with gonora! Brilsin had never taken the lead

within a few raised, as in previous years, on the nothing in substance which he war. tive financial policy to mainmen Aubscription cates at their present telephone with the outside world was for the first time being dis-ngreement last November. Its in rearmament. Her Air Force low level, notwithstanding the serious and I agree with the Chairman that drup in the sterking value of the the value of that cannot be over.

terius of the White Paper issued a terms were set out in no other than still came only fifth, and apart Hongkong dollar during the past five stimated. I should like to pay a week ago in preparation for the a friendly and effectives prelude to from anti-aircraft defence no in-

tribute to the technical skill which ycara.

any kind of negotiations. The itom of $1,050.00 under the gives us such good service and I um

sure all shareholders will approve of policy on defence and the reasons ever get to a beginning, much less They could not ensure

Without frankness, no-one would rease in the armed forces of the Navy or Army was proposed. heading "Premtua on Shares" se

immunity presents the pront cbtained by disposal the linnus to the staff. The creation

Investment and Exchange The House was crowded, and to the end of any effective agree against air attack, but they could in Ra open market of the LIT

hoped they could make it more difficult. That was balance of the new share fasue entered. Fluctuation Reserve seems to me so many foreign diplomats including ment. He to existing shareholders in 1933, and "sential that I feel sure any applies the French, Belgian and Turkish now come to business. There was the idra of the proposed Air Pact. for which no applicazons were fortition to the Government in this con- Ambassadors and the German no reason why the negotiations be- They had somehow or other to

nection will command sympathetic consideration. With these remarks, Counsellor, were present in the gun in Paris and Rome, to be

while in any part of Europe. GENERAL RESERVE Sir. I have much pleasure in second-galleries when the debate was followed, they hoped, in other ke attack from the air net worth Mr. Baldwin maintained that the ing the report and negounta now opened by Major Attlee, who capitals, should not lead to a new

The Government Government's policy, as set out in Turning now to the balance sheet, before this weting,

moved the Labour Opposition vote era in Europe.

and wanted them to do so of censure on the Government, you will observe that General Reservé

were the White Paper, so far from Tho motion was carried unanimous-

prepared to contribute their share. heing Inimical to pence would help Mr. Baldwin declared that in. the White Papor a democratic But a desire to create or magnify them in the times that Government had told what they fictitious incidents or a failure to coming to make peace more secure. no contribution Ile said they must all wish that mocracy. Is fact, some of the at all. believed to be the truth to de- grasp facts were

their representatives who were greatest perils to democracies had

FACTS AND FIGURES arisen through the failure of their

going to European capitals during Answering suggestion that the the next two or three weeks might leaders to tell them the unpalat- British defence proposals would he favoured and prosperous in that able truth. He deprecated the lead to rearmament of others, Mr. work, and would bring them nearer statement that the Government Baldwin frankly presented facts to that security for which they pald only lip service to the League, and figures about the large in had been so long struggling. and maintained that British states- crenses in the forces of other British Wireless. men of all parties had, since its inception, played more than their part in supporting the League

corning.

will stand at $595, 182.00, Aubret to Is." your approval of your Directors' re- commenuation that the sum of $170, 482.00 be appropriated thereto,

ferred.

OTHER BUSINESS

matter to when I have previously re- The Hon. Dr. R. II. Ketewall, C.M.G., and Mr. D. H. Blake, who Under the heading "Automatic retired by rotation but being eligible Excnunge Equipment", you will ub¡ offered themselves for F.glection. servu that your company's funebted- I were - re-elected to the Beard of ness in connection with the recent Directors. extension to the autonintie exchanges

were

A grand concert arranged by Mr.

has been reduced from $125,072.48 to Mesars. Lowe, Hingham and Mat $23,111,28, which latter gure thews were re-elected auditors for represents the amount of the final the ensuing year at a fee of $3,400 instalment which becomes payable per annum. during 1986. Your Company is, I am pleased state, In the very

DAY BY DAY NEWS IN BRIEF Those present at the meeting were fortunate position which Also Hon. Mr. G. G. S. Mackio (Chairman), under conditions at tinies of extra- Batistes the requirements of the Mr. J. H. Taggart (Managing Diree ordinary difficulty and against TRUTH IS NOT EXCITING ENOUGH'| Telephone Ordinance-of available a reasonable margin of up. A. L. Shields, Hon. Mr. S. ll. Dod: now left it. The Government was citARACTER AND LIVES OF THEIR held in the Sailory' and soldiern having tor). Hon. Sir Shou-son Chow, Mr. opposition from countries that had TO THOSE WHO DEPEND ON THE Anderson Miller, L.R.A.M., will bo to-date equipment capable of meeting well, lion. Dr. R. II. Kotewall, and still determined to work through NEIGHBOURS FOR ALL THEIR AMUSE any immediate demands for telephone Mr. J. Scott Harston (Director), Mr. the Longue for the future. service.

Referring

J. P. Sherry (Manager), and Mr. W. LA McKenzia (Secretary). Share-

HEAVY BLOW

MENT.-Bancroft.

to-morrow (Wednvnday) even-

Ing, at 8.30 p.m. Mr. Anderson Mill-

er line gono to considerable troublo In arranging this concert and hus to the assets side of holders present were Mesars. E. M.

Appearing nt But people often forget, in

the Kowloon secured the voluntary services at the

answer following well-known artistes:-Min balance sheet, I would like to direct raymond, D. Tollan, 1. J. M. de talking of collective security and Magistracy this morning In your attention to the heading "In Figueiredo, A. J. Walters, W. C. sanctions, that membership of the to a summons for allowing a dog Anderson Miller (soprano), Mrs. W. vestments at Coal" under which you Clark, Wong Ping-sun, Wong Min League was not universal, and the a muzzle at 8.30 am. on February 16, Shaftain and Mrs. Liya Gurevitch abroad in Waterloo Road without W. Sinclair (contralto), Drs. Luba will notice that for the first time hin, H. W. Walker, Chun Sung-choo, collective. aystem therefore not T. H. Smith, of No. 2 Dorset Crescent, (dauts with two pianos), Mr. J. A. sub-division has been effected in order C. Hatt, W. G. Grinn, S, T. William complete. Two great Powers had Kowloon Tong, was fined $5 by Mr. Kennedy (tenor), Mr. Victor Sanders to permit of differentiation between son, G. C. Moxon, Kwok Hin-wang given notice of withdrawal, and Grantham. storiing and silver investments, Chow Ping-un, A. Mckellar, and had thus dealt the collective sys

(baritone), Mr. Victor Labrum Hitherto this was unnecessary, having | V. A. Croucher.

(humorist), Rev. Cyril Brown, regard to the fact that all investments

tom a heavy blow, while Quo Mrs. 3. Anderson, driver of private M.A., (entertainer), Mrs. Arnold were in silver securities; your Direc

great country had never under car No. 1944, was fined $5 by Mr. W. (colto); Mr. Allan Rinch and Plper Schofield, at the Central Magistracy Watson (Scottish dancas), sketch taken the obligations of the Lea this morning, on admitting a summons arranged by Mir. Robertson and Bir. gue at all.

of leaviag her саг unattended Salk; accompanist, Mrs. J. A. Riach, the universality of the League, Queen's Road Contral, outside the a very hearty. Invitation is extended "We desire, with all our hearts, from. 10.46 am to 11.55 a.m. at The admission is only 20 cmnts and said Mr. Baldwin. "It is for this Mercantile Bank on February 27. to the public.

tors have, however, constantly kept

In view the desirability fraily, of

Three Hnkkas broke into the home diversifying, your investment Inter of Lo Yu-gian, a farmer at Lin. Fa ests, and, secondly, of selecting a disse To Village, on Saturday sight, and of security which appeared to our stole money and clothing to the "the" nocessary "safeguards” vis-a-vis vuluo of nearly $100.

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MANILA STOCK EXCHANGE

PHILIPPINE GOLD SHARE QUOTATIONS River

To-day's quotations as received by Messrs. Swan, Culbertson and Deniales Fritz shortly after, the close, al infied garnered DAR SI UNICRAR the morning session of the Manlial pentsalaren Eymes ·250,00

Stock Exchange are as follows:-

·Price In Pwoj) YL „Asked Bid Kalan Volume

Price Priceới khững Antamok Goldbelde · 9.82: (18) *0#24}}} Bearost Consolidated £2.00 12.00 JEN, ESON Too Gold Misa