1935-03-14 — Page 19

HONGKONG TELEGRAPH.

BELGIAN THREAT DAIRY FARM CO.

TO FRANCE

MEETING

COOL WEATHER. EFFECTS.

MAY ABANDON GOLD PROFITS INCREASE

BLOC FAMILY

FATE OF FRANC TIED TO TRADE PROBLEM

Paris, Mar. 13.

Presiding at the annual meeting | of the Dairy Farm, Ice and Cold Storage Co., Ltd., this morning. Mr. T. E. Poarce blamed the ex- coptionally cool and wet weather conditions which, provnffed almost continuously through the whole

THURSDAY,

LOOKS TO JAPAN FOR FRIENDSHIP

SUN FO'S GESTURE OF GOODWILL

FACING. FUTURE- IN COMPANY

Nanking, March 13.

MARCH 14, 1935.

RADIO BROADCAST

Dance Music From Hongkong Hotel

Z.E.K. PROGRAMME

From Z.B.W, on a wavelength of 366 metres (845 kilocycles);

5-6 p.m. Orchestra.

Hongkong Hotel Pance

G.6.30 p.m. Children's Stadio Con- cert.

0.30-7 p.m. Hongkong Hotel Dance Orchestra.

7 p.m. Stock Quotations. 7.03-7.20 p.m. Vocal Gems,

7.20-7.33 p.m.

'Colto

Solos by

· Ideal for

lounging

of Inst summer for the reduction In a broadcast speech address- In profit during the past year. ed to the people of Japan, Mr. Despite this, however, the Com-Sun Fo, President of the Legis pany was able to show a profit on lative Yuan of the Chinese the working, account of $680,648 Government, appealed to the Faust (Gouned. 93. The Chairman

informed Upon the basis of a none too steady Belgian franc shareholders that the operating Japanese people for sincere co- Cavalleria Rusticana (Mnseagn!). the Gold Bloc family watches its fate trembling of all departments had been sub-operation in carrying out the tagliarel (Leonenvalo).

the closest Investiga-Great Asianism principle laid Beatrice Harrison. jected to Belgium is in a position to seriously imperil the block,tions during the period under re-down by his father, Sun Yat-Serenade ("Hassan Delitis). and there is a rumour that, unless France accedes to view and savings had been Ben. certain requests from Brussels, the Belga will be linked effected in various directions.

At the beginning he expressed Addressing shareholders, Mr. Kratification at the obscrvance of with sterling and the gold bloc will be abandoned. Pearce said:

the Tenth Anniversary of death of Dr. Sun Yat-sen by the the Japanere people at Tokyo, with solemn ceremonies. This event, our Insthe Anid, augured well for the pro- Meeting, of Mr. apects of international peace in J. P. Warren. Mr. Warren was a the Far East and the reintions

between China and Japan. years, joining the Board in 1924. Ils presence on the Directorate will be greatly missed.

French market cireles view the future of the Gold Bloc nations with misgiving, and a strong short interest has developed against the Belgian franc. It is felt that the currency of France will fall only when, and if, Belgium takes her decision to come off the gold standard.

Belgium, however, through her Ministers, has re- peatedly declared that she intends to maintain the gold standard.

narrow tor

The market is loo permit a "short" attack to be de Ivered with any hope of success, operatora claim.

It is atuted that the forthcoming Franco-Belgian conversatjons will find Belgium demanding of France that more Belgian products be

Courtesy To Visitors

imported by her big neighbour. BRITain recogniSES

France, however, I t

loss to

know how to accede to the de- FOREIGN LICENCES

mand, for Belgium's products are,

identicni with her own, and her!

capacity is already stretched by

her production,

Belgium intends to press for the

(Special to "Telegraph") Triegraph. Copyright. Telegraphy

Gentlemen: Before proceeding with the busincas of the meeting. I wish to make reference to the Jamented death, since Annual General

director of this Company for 10

1 ргорове, with your consent. to take the Report and Accounts which have been in your hands for the prescribed period, as read.

YEAR'S PROFIT

Mr. Sun Fo recniled that during. his Inst visit to Japan in 1924 the "Father of the Chinese Repubic" enunciated his principle of Great Asianism at some length, at reception held in his honour by The Japanese people.

a

"What should be our feelings if we, the peoples of the two great Oriental nations, now reflect on his precepts?" asked Mr. Sun.

HELP FROM JAPAN

Melody (Dawen). Adagio (Marcello, arr. Salmon). (a) Pastorale; (b) Reel (Cyril Scott),

7.33-7.45 p.m. William Tell- Overture (Rossini). Malono (Tenor).

7.46-8 p.m. A Recital by Danny

Her name is Mary

(Ramsey). When Irish eyes are

2.

smlling (Ba).

23 Sweetheart Darlin'

(Stothart).

4. Love's Rones (Bronnes).

8 p.m. Time and Weather Report. 8.03-10.30 p.m. Chinese Studio Con- cert.

9.30 p.m. Press Bulletins, Stock Quotations.

10.35 p.m. Close Down.

Z.E.K. PROGRAMME 8.30-70 p.m. European Recorded Music from ZE.K. on a frequency of 640 k.c's.

8.30-8.58 Selections.

last year, a reduction of approxi He recalled that Dr. Sun Yat-In

trade favour, nevertheless, ob- Menge Urdinger, 1931. Jereload, March, the whole of last summer.

Unless France. As a.m.) servere believe.

finds a way to respond, Belgium may allow the Belgian franc to drop below its present parity.

·STERLING LINKT

ice cream and

affected

to

n very

The proft on working account for the year ended 31st December Jast, ammounta to 8680.6-18.03 which is $120,938.48 less than was shown mately 16. Although the exist-sen had obtained valuable help from ing eronomic conditions are re-his Japanese friends when he flected to a considerable extent in started the Chinese revolutionary the necounts before you to-day movement abroad. The ties of there is another factor to which Sine-Japanese friendship created I feel reference in necessary.

by a auch memorable event could fer to the exceptionally coof and never be broken he asserted, wet weather conditions which pre-

He went on to say that it was valled almost continuously through generally agreed that the peoples of Our China and Japan, being of the same sales of summer commodities, in race, possessing similar cultures and Landon, March 13. particular ice.

using the same written language, The Ministry of Transport has milk, were

should exist and prosper together. announced that visitors to Great serious degree.

Sino-Japanese co-operation was ren- Britain will not be required toį Despite the fact that the wen-dered the more necessary by the in- pass the driving testa recently ther conditions last summer ad-creasing pressure of the Western If no satisfactory commercial inaugurated before they

are Yersely affected

the profits for nations, he said. arrangement can be reached with allowed to operate motor vehicles, the year.. Your Directors and He suggested in conclusion that France, Belgium may enter the providing they hold an interna executive have not lost sight of the most practicable means where- sterling bloc, and join hands with fional driving permit or licence the fact that difficult times and by the working out of Sing Britain on a slide to devaluation. From a competent authority of the more competitive conditions have achieved would be found in the Japanese co-operation could be Observers also point to the fact country in which they reside. to be faced. The necessity, there that Italy has virtually abandoned The new tests are severe, and fore, of practising ссопоту is settlement of the outstanding prob the gold standard, with an eight are designed to keep off the rond fully recognised and with this lems between the two nations, with per cent. discount on the lira, and persons who cannot satisfactorily end in view the operating of all Sun Yat-sen's principle of Great la now profiting by the exchange

re-departments has been subjected Aslanism as the hasta. They must operate automobiles, thus bounty.

moving enuses of many

to the closest investigation during be guided on the one hand by the All these misgivings as to the accidents.

the period under review and Oriental code loyalty, fidelity. fate of the Continental currencies, It is feared, however, that if savings have been effected in faithfulness, justice and peace, and which, if they fall, will drag all the regulations

applied to various directions.

by the Western principles of gold money with them, in all pro-visitors they might prevent many You will observe that the equality, freedom, kindness and bability, is causing a revival of from travelling in England, and amount of depreciation written mutual aid.--Central Newa. strength in sterling and dollars, deprive the country of a valuable off this year is rather less than rench trade asset in the form of tourists. | previously. In past years, no fixed "The dollar la ̈ ́expected tar-

shortly the gold export point in-Renter Special. Paris.--Reuter.

BELGIUM ANSWERS

Brussels, March 13. In the Belgium Senate to-day, the Minister of Finance condemn-! ed voluntary devaluation of the Belgium frnic.

F

He advocated the negotiation : of trade agreements for the reduct ion of Customs Duties and prece in order to overcome the country's Aninetal dimeultjes..

Further he added that the link-

Merious

SENATE AMENDS RELIEF BILL

STOPS EXPENDITURE ON WAR SUPPLIES

Washington, Mar, 13. The Senate has amended the Ad- ministration's monumental Relief BIR

The Senate's move prevents the ing of the belga to sterling was expenditure of large sums on addi-, an impossibility owing to the tional production of munitions, war- instability of the latter.United ship construction or the manufae Press.

ture of military materials.—Router

DAY BY DAY NEWS IN BRIEF

The wedding of Lieutenant Richard Dyer, E.N., and Miss Elfreda 1uxford In to take place at St. John's Cathedral jon April 11 at 2.30 p.m.

ALBEARY

1.m. Light Orchestral

Spring-Overture (Goldmark). Belis Across the Meadows.

(A. Ketelly).

Along the Banks of the Yelga

(Borchert).

A Musical Jig Saw (arr.

A. W. Aston). 8.58-9.30 p.m.

Ortet in Eilat Major, Op. 20

(Mendelssohn).

International String Octet. 2.30 p.m. Press Bulletins, Stork and Commodity Quotations."

9.35-10 p.m. Talkie Tunes. Fox-Trot-Song of the Dreamer

("Marie Galante").

Pinnn Solo-I'll String along with you (Twenty Million Sweethearts"},

Raio da Costa.

Voen Duet see you again

("Bitter Sweet").

'Peggy Wood and George Metaxa. Fox-Trot-The Night is Young Waltz-When I grow too old to dream

("The Night is Young")..

("The Night Is Young"). Song Frankie and Johnny

(Frankie and Jolmnie").

Helen Morgan.

Orchestra--Wine Song ("Caravan").

10 p.m. Close Down.

some years past, all your build- ings. machinery and property have been maintained to a high standard.

policy regarding dipreciation has brought forward from last year

SECONDER'S SPEECH been in operation but schedules amounts to $498,200.10. It is pro- Mr. J. D. Danby, who seconded uf Properly, Plant, etc., have posed to deal with this sum in the Chairman's motion, said: Mr. now been prepared and the mat- the following manner-To pay Chairman and Gentlemen. In r ter will be dealt with in future 'a Dividend of $1.50 per share on ing to accord the adopting of the on a more accurate and scientific | $251,430 shares, absorbing $377,- report and accounts

I am sure Lusis.

145; add to General Reserve, shareholders agree with me that $20,454.02; transfer to Staff the figures presented are very Supernanuation Fund, $20,000.00; satisfactory When one considers to carry forward $80,601.08. I the general stato trust thes

of depression appropriations meet that prevailed in Hongkong dur- with your approval.

ing the year under consideration. Our Chairman has given us such STAFF SUPERANNUATION

lucid details there remains little to With regard

turning to the balance sheet there the proposal for me to comment on. However,

TRANSFER EXPLAINED

HE WHO WISHED TO SECURE THE GOOD OF OTHERS

and also HAR BECURED HIS OWN.-Confucius.

to meet

con-

tributed by employees of the Company should not be subject

Д

If you will refer to the assets side of the balance sheet you will note a transfer from Premium on Shares Account to Cattle Account of $278.224.02. The object of this: transfer is to bring the book value of the herd into line with to place $20,000.00 to the credit present day replacement costs. of Staff Superannuation Fund is one item under the heading of cattle had to be made when allowances for Chinese members not like to see under this heading In recent years heavy purchases might explain that a scheme of of liabilities which, frankly I do first costs and freight rates were of the staff was instituted several and that is "Provident Fund Ac- high and exchange low. I refer years ago, and under this arrange- count $99,550.16." Funds of this In particular to the purchasca ment, grants are made to de- description, which are partly con- I made in 1931, which amounted to pendents of deceased members of $82,000. Fortunately a suitable the staff who have served the Reserve was available to cover Company over a period of years, to the prosperity of the Company. this writing down, leaving the ordinary Cittle Reserve Account who find

to Chinese employees i understand that Directors have it necessary to retire a scheme underway whereby these intact.

from the Company's employment. funds are to be handed over to Oi Hung, a returned banishee, was

You will note that the herd now Although the scheme has been in sent to prison for eight months by

Trustees and The loent branch of the Chartered stands in the books at practically forca for several years the calls done as soon

trust this will be Mr. Granthurn. nt the Kowloon Police Bank has received the following

as possible. With Court this morning for returning hetelegram from its lead Ollice in the same figure as Cattle Reserve fore the expiration of his perion of London:--"At the ammust meeting of ... $450.000.00, a very desirable on us have so far been com- these few remarks I have much

paratively #ght ten years. The defendant and twe shareholders Directors will recomand satisfactory position consider number of employees have now of the Directora and adoption of but as a good pleasure in seconding the report previous conviction for larceny. mend a final dividend at the rate of ing the difficulties and risks in qualified for benefit, the creation the accounts as presented.

14% per annum subject to Income separable from Dairy Farming. of a reserve in order to meet our

Confirming that the 1.237 Tax; £25,000 added to Pension Fund: Farther to the

Directors For being in possession of

eattle question, obligations is considered

desir had aside married £50,000 set tropin tickets, Ho Sze,

scheme underway, the three tingencies: £177.394.11. td. carried ensure as far as possible an even

we have this year, in order to able.

Chairman said the matter had woman, was fined $250, or

When addressing you from the been in the hands of lawyers for months, by Mr. Wynne-Jones at the

forward."

annual charge on account of Central Magistracy this morning. λ

chair last year 1 referred to the sometime and that a final scheme fine of $76, or nix weeks, was imposed | Chun Lin-sing unemployed, was Cattle losses which, as you will two new chilling rooms in the would be drawn up shortly. on Fung Chi, 23, who was charged committed to stand his trial at the appreciate, may vary considerably course of erection at our Enst The report and accounts were with having 175 tickets in hla posses-next criminal Sessions by Mr. W. from year to year, opened a Cattle Point installation. You will be adopted.

Schofield, at the Central Magistracy Wastage Account. You will note pleased to know that the rooms this morning, on a charge of having that after charging the actual were completed in May last and

OTHER BUSINESS A line of $25, with the alternative returned from banishment. Defen- Cattle Losses for this year, as the demand for chilling ne Mr. T. E. Pearce and Mr. J. of one month's hard labour, was in- dant was banished for ten years in balance of $10,328.89 remains at commodation has been well main Owen Hughes, who retired by ficted by Mr. Grantham at the Kow. March last year. He was arrested at credit of the account forming the tained the expenditure incurred rotation but being eligible, offer loon Magistracy this morning, on No. 02 Johnston Road, and charged

for re-election, Chau Yung, watchman employed at last week with keeping a sly brothel, nucleus of a reserve for the fu- has been fully Justifled. I am ed themselves the South China Spunerete Company, but sentence was not pronounced. Do ture.

also pleased to report the purchase were re-elected to the Board of Hunghon, who pleaded guilty, to fendant had a record of four previous Turning to the abilities side of the undertaking known as

Directors. stealing a quantity of witing convictions.

of the balance sheet you will Hongkong Cold Storage Co., Lt.. Monsra. Percy Smith. Seth and Detective Surgeònt Franklin said the|

note that the balance of premium | has proved to be a successful | Fleming were re-elected auditors. wiring was valued at $10.

Three men, Chan Fuk, Leung Wah on shares account amounting to venture. During the year we ex- Those present at the meeting and Ip Pak-chai, were brought before $104,545.98 has been transferred ionded thin installation by the were Mr. T. E. Pearce (Chair- Six months' hard labour was the Mr. Grantham at the Kowloon Pollen to General Reserve account thus erection of an additional chilling man), Mr. S. II. Dodwell. Hon. sentence imposed by Mr. W. Schofield, Court, this morning, charged with bringing the same to $270,645.08. room and ice store,

Central Magistracy this behaving in a disorderly manner by

This repinces Mr. Owen Hughes, Mr. A. B. morning, on to Tsun, earth-carrving fighting aboard lighter No. 25-4,

do not think that further the ke store we have for many Stewart, and Mr. W. G. Gorgin coolio, for having snatched a handbag Inspector Stinson stated there was no comment relative to the accounts veura operated

Pottinger (Directors), Mr. A. Stevenson from Tang Sau-wah, spinster. at police evidence. A chopper was la necessṇгу, A bonus of 5 per Street. It has also been neces-Manager), Mr. J. D. Thomson Johnston Road fast night. Dotective brought to the station, but it bore cent, to the staff, who have worked aury to purchase some additional Secretary), Mears. J. H. R. Sergeant Fitches sald the complainant no blood stains. Apparently Chun exceedingly mail in a dimeult) refrigerating, dairy, Ice cream Hnner. W. S. Bailey, J. D. Danby, was walking with a friend along John Fak and Ip Pak-choi had a quarrel year, has been provided out of and antia fountain machinery.G. A. Harriman. H. J. M. ston Road near Tal Wong Street, which resulted in # fight. Leung working account as against a Those various items account main- Figueiredo, G. Milne, Kwok Hin- carrying her handbag in her right Wah acted as peacemaker and be bonus of 15 per cent. voted them ly for the addition of $148,642.00 wang, H. C. Watson, S. H. Ross, hand, when defendant came up from came involved in the fight. bobind, snatched the bag, and ran three dofendants were bound over in last year.

lo our fixed assete.

E. W. Gardiner, A. D. Wyllie, down Tal Wong Street. He was bonds of $10 each to keep the peace The amount for distribution Although expenditure on repairs Chan Nai-pan and Mrs. Yung arrested by a constable.

for a period of six months,

including the sum of $64,981.03 and renewals is less than for Young-chi.

sion.

at the

***

The

1

The

Made of fino mercerised

poplin with the HOW

*Stand

new

style

sleeping

suits.

up" collar.

Generously cut to give a

Rense of easy freedom.

Plain colours with con-

trast collar, cuffs and

binding.

$8.50

Lean 10% discount

for cash

MACKINTOSH'S LTD

REMOVAL SALE

CREAM ENAMELLED

VERANDAH SUITE

CONSISTING OF 1 SETTEE AND 4 TUB EASY CHAIRS FITTED WITH LOOSE CUSHION

TO CLEAR AT $235.00

ORIGINAL PRICE $425,00

ARTS & CRAFTS

4A, DES VOEUX RD.

TEL. 24173.

THE CHEVROLET SIX WAS BUILT FOR THE CAREFUL INVESTOR

The demand for:

ECONOMY

DURABILITY

COMFORT. VALUE, SAFETY

PERFORMANCE

APPEARANCE....

AND

are all to be found

in the CHEVROLET SIX.

It was made-to-order for the clever, cautious buyer, the careful investor.

THOUGH ITS PRICE IS SMALL, IT IS THE BIGGEST. AND MOST POWERFUL CAR IN ITS. CLASS.

For trial runs please phone or call at

FAR EAST MOTORS

Distributors for CHEVROLET CARS and TRUCKS.

26, Nathan Road, Kowloon:

Telephone 59101.

FEACO

WHITE PAPER ON INDIA.

Samuel Hoare, stated in the House of Commons to-day ho hoped to issue in a few daya a White Paper giving the text criticisms of the Government India Bill, communicated by Princes and their Ministorm toj Viceroy, and the comments of London, March 13.British Government: therson The Secretary for India, Bir-BHUA IPsion.

PRINCES' CRITICISM TO BE PRINTED