1935-06-17 — Page 17

· HARBOUR TRANSPORT

HONGKONG AND YAUMATI-

FERRY COMPANY LTD.

The eleventh ordinary annual meet- Ing of the Hongkong and Yaumati Ferry Company, Limited, was held on Saturday morning at the Company's offees at the Jordna Rond Ferry wharf, when the proceedings were presided over by Mr. Wong Ping- shuen. The Chairman was support

Managing d by Mr. Lnu Tak-po,

Dr. Director and Dr. F. 11. Kow, Kwan Sum-yin, Messrs. Wong Choy- hoe, Choy Wai-hung, Kwok Chuen, Young Tsun Dart and Chun Kam- yung, Directors, and over 100 share- holders.

The Chairman, In reviewing the regret anid: Your Directors year, that they are unable to produce a more favourable balance sheet and to recommend a inrger dividend thinn $1.70 on preferenuni shares and $1.20 on the ordinary shar

The payment of rental and royal- Lics to the Government throughout the year under review has naturally brought down the amount of nett carnings as compared with 1933 when thene heavy rentals and royalties. were only paid to the Government over a period of approximately 85 months.

Good Traffic Rereipis

I am happy to announce that the trame receipts have not fallen off during the year under review and this is a positive sign that when the business conditions in the Colony re- turn to normal, the Company's re ceipts will vastly improve.

The reduction in the fares of the

Steamere River

have naturally assisted in keeping up these receipts. crle- Jubilee During the recent brations the services carried almost

(n

four times their normal trafic. the second day thousands of troops were conveyed across the harbour on den aprein ferry vessels in addition to this heavy traffic. Great credit is due to the stuff bolb

hur 13101

were

Afloat for the very creditshiq manner in which all arrangements carried out so anuethly.

the Bank

You will notice that overdraft is also slightly higher, but

1 am glad to say that the amount of the overdraft has been very consi derably reduced and is tarday under $400,000.

The Franchise

During the past few months your Directors have been negotiating with the Government on the matter of the franchise and I am happy to announce that these have now been brought to a successful conclusion and we are indebied to the Governinent for its kind and sympathetic co-operation

and assistance.

As from the 1st, June this year we are operating the Jordan Rand Ser- vice on a new time table which will give the roxswains more time to bring their vessels into the berth, and arrangements have bean musle whereby three vehicle Ferry vessels will operate almost daily on the Jor- dan Road Route thus providing an unbroken as regular service serons the harbour.

During the year under review the Finall management was fored

double ended ferry versed at a very reasonable cost and accordingly added this vessel to the feet which now contains 24 ferry vessels as well as four lighters and junka.-

New Vehicular Ferry

The Directors have in accordance with the wishes of the Government growing and in order to meet the vehicle traffic taken advantage of the very favourable rate of exchange to place orders with the Hongkong & Whampon Dock Company for another motor driven vehicular ferry vessel which will be completed and ready for service in the early part of 1936.

in indebted We are again bankers, the Hongkong & Shanghai its in- for Banking Corporation, valuable assistance during the past They have have assured as of yenr. suficient funds to cover the vrst of the new vessel.

For the purpose of auditing the trafic receipts and the amount of royalty payable to the Government the Directors have appointed Mr. T. A. Martin A.S.A.A., to take over the work.

were report and arrounts

Soo T- adopted, secqruled by Mr. pan, and the Chairmana unnounced that dividend warrants would be ready

The

am Monday morning.

SHARE PRICES

The following is the list of focal share quotations Insued this morning.

Banku.

H.K. Banka, $1020 an. II.K. Banks, Lon. fleg.), £1211⁄2

D.

Chartered Bank, £144 n. Mercantile Bank, A. and B.

£31 n.

Mercantile Bank C., £18 1 East Asla Bank, $81 n. Am: 0. Finance Corp., Sh.- China 0. Fin. Ord. Sh.---- China O. Fin, Pref. Sh.

insurances,

Canton Ins., $203 n. Union Ins., $47% 8. China Underwriters, 60 cts, n. China Fire, $382 n.

II.K. Fire Inn., $200 n. Internat'l Assce., Sh. $4 n.

Shipping.

Douglas, $36 n. II.K. Steamboats, $4 n.

·Indo-Chinns, (Pref.), $30 n. Indo-Chinas (Del.) $33 n. Shell (Bearer), 71/10 Union Waterboats, $11 n.

Mining.

n.

Antamoks. 71 ets, m. Balatoes, $34 n. Bagulo Gold, 21 cta. n. Benguet Consolidated $10 h. Benguet Exp., 10 .cts. n. Benguet Goldfield, 10 eta. n. Big Wedge, 8 cts. n. Gold Creek, 30 cts. n. Gold River 5 eta. 1. Ipo Mining, 90 cts. n.

Itogons, 1 cts. n. Sulacot, 12 cts. n. Kailan, 5/- 11.

Langkats (Slugle), $14 n.

Shai Explorations, Sh. $4% n. Shai lon S1 Elan. Raubs, $5.16 u.

Venz: Goldfield, $5 n.

Ducks etc.

H.K. Wharves Cam, ris, S81 s. H.K. Wharves, Rx-rights, $80

2.

H.K. Vane, Rights, $15, H.K. Dorks, 2014 n. Providents fold), 85 cts. ». Providenta (new), 20 cta, N. Hongkows told, Sh. $240 n. New Engineerings.. Sh. $4 n. Shanghai Ducks, Sh. $90, n.

Colton Mills.

Ewe Coltons, Sh. $8 Shai Cottons cold), Sh. 641 S'hat Coltons (new), Sh. $11% Zoung Sings, $8.

m.

n.

Wing On Textiles. Sh. $55 n. Lands, Hotels, etc.

H. and S. Hotels, $435 11.

H.K. Lands, $83 n.

ILK. Land 17 debentures,

$100 6.

S'hai Lands, Sh, $20% n. Metropolitan Lands, Sh. $10 n. Humphreys, $8 n.

1.K. Realties, $1 b

Asia Realties "A" Sh.--- Asia Realties "B" Sh.- Chinese Estates, $90 n. China Realfies, Sh. $4 n. China Debentures Sh. $123 n.

Public Utilities.

I.K. Tramways, $12 an. Peak Trans. (old), $74 n. Peak Tramy, (now), $5, 1 Star Ferries. $77 n.

Yaunali Ferries, told), sd 172

11.

China Lights, $5,00 h.: 11.K. Eletric. 857 n. Mano Electric, 2012 m. Sandakan Lights, $5 8. Telephone cold), $20,10 n. Tephon in w. $82, n. China Buses, Sh. $111 n. Singapore Tractions, 10/6 b. Singapore Pref. 22/6 b.

Industrials

Malabon Sugars, 88,50 n. Cald: Mac. (ok), Sh. $19, n. Cald: Marg. (Prof.), Sh. $t: n. Canton lees, $1.30 n. Cement (Converted), $5 n.. 1.K. Ropes, $2. n.

Stores, &c. Tiny Farm. $199, n. Watson, 83% n.

Lane Crawlords, $21 n. Mackintoshs, $9 n.. Sinceres. $8 n. Wm. Powells, 70 cts. n. Wing On (HLK.) $100 n.

Miscellaneotis.

Amusements, $1.85 n. H.K. Entertainments. $6.40 . S. C. Enterprise $1.35 n.

THE HONGKONG TELEGRAPH, MONDAY,

TRAIN DISASTER

EXPRESS SMASHED AT WELWYN CITY

UNETHICAL CONDUCT

AMERICAN ARMY LEADER SUFFERS REPRIMAND

Washington, June 16. Mafor-General Benjamin Foulets has been adjudged by Mr. George

JUNE 17, 1935.

BIMETALLISM!

KEY PITTMAN CONFIDENT

IT WILL COME

Washington, June 16.. Senator Key Pittman expressed the ready looking to future stabilization opinion that the Treasury Wal

He said:

London, June 10. At least ten were killed and many injured in a midnight train crash at Welwyn Garden City sin-. Dern. Secretary for War, not of currency. The rè.e gold we have

tion, in Hertfordshire, when the guilty of the charges brought by

the botter. We will able to domin the the military committee of the Ilouse parcels express dashed into

nte the negotiations for the stabiliza- rear of the Kings Cross to New. of Representatives, but Mr. Dern castle passenger

express which has reprimanded him for "unethical tion on a bimetallic 14 nik,

"There is no danger of the United conduct" in making "exaggerated; States getting too much gold and was standing in the station.

Doctors and nurses were rushed unfair and misleading statements"ver as the possession of both giver

before the sub-committee of the to the scene of the disaster from House enquiring into alleged ir Kings Crown, but egette work was regularities in the War Deport- hampered by the absence of Mument. mination.

us natronger hand in stabilization negotiations."

He and that he disagreed with some Silver experts views that the in- creasing of the gold stocks renders ativer purchases ineffective since it is

The question of Major-General The earringes receiving the full Fouloin retaining his post is pro-dieult to reach a three to one ratio. force of the impact were practic-blematieni at the moment-Reu- ally reduend 10 matchwood. Reuter.

Terrible Seenes

Women

ter.

Senator Pittman pointed out that when the time to stabilise arrives they can reach the three to one ratio by selling part of their gold.

McCarran said the Silver bloc want be active until Senator Pitmann ends United PreAR.

Mid-Western speaking tour,

A message dated June 17, said that the immediate removal of Ma- Fuulois, Bj The death-roll In the Train jor-General erash included Ave

and Chief of the US, Air Army Corps, two babies in arms, while between had been recommended to the Secretary for War, Mr. George H. 50 and 60 were injured,

Terrible scenes were witnessed Dern, by the House of Representa after the crash and the groans of lives sub-committes on military af- the the injured in the darkness added fairs after studying the army pur-efficiency of, Major General Foulois horror to the disaster. Lit by the chases report, which would be sent and other officers under his com-

to President Roosevelt shortly. mand." flames of neetylene lamps the res- cuers hacked away at the wreek. age in franzied attempts to rescue those pinned underneath. -

Scores of voluntary helpers were attracted to the scene by the noise of the explosion and nasist- ed the doctors and nurses in the resene of the survivors who, after Temporary treatment, were rushed to hospital in ambulances and private ears.

Official Statement

It is leially stated that up to the present it is known that 14 have been killed and 30 injured In the train smash, which in the worst in fireat Britain since the Churfold disaster in 19128,

Twelve bodies have hern Te covered and eyewitne ses declare that the first train, which was the cond portion of the 10,45 p.m. Kings Cross to Newensife express, had just left the station and had Prosgel From the ship line to thei mainline, and was travelling at hont 20 miles per hour, while the parcels express, which also had a board, was few passengers ea estimate to be travelling at 70 mup.b.

An oficial stated that the first train should not have stopped at the station.

Thattgl Pescire work is proceed- in feverishly the mainline was still blocked at 11a.m.

When dawn broke there was an appling picture of splintered woodwork and twisted metal pre- wonted itself.

The mainline trains are being diverted via Calley Toopline.-- Banter

DOLLAR STILL UNCHANGED

MARKET CONTINUES VERY DULL

The Hongkong dollar remained unchanged at 2s, 1d. on úpening this morning. The business rate was about, 28, 4,571, sellers and 12%, 4.7/168. layers. The market 11 very dull, with very little busi

ness passing.

to London. zilver pricey ad |vanced 1,16th on Saturday. India ht, while thina sokl, the market being steady,

Macan "Greyhounds," 32 n. Constructions (old); $1.40 1. Constructions (now), 45 ets. n. Vibro Piline, $5 n.

Ch. Govt. 45% 1925 G. $ Dands

11.K. Govt, 414 koon 531 7 : tem.

1.

H.K. Govt. 214 F Loan 25% prem.

}).

Wallace Harpers $6 a.

Child eats big meals...no

MOTHER IS HAPPY NOW fonger run-down or cross

DOCTOR, SHE WON'T EAT, WON'T

PLAY, SHE'S RUN-DOWN AS YOU CAN SEE, NERVOUS AND CROSS,

WHAT 15 WRONG?

NOW YOU'RE HUNGRY FOR FOOD, NEVER CROSS OR FRETFUL.

MOTHER'S HEALTHY, HAPPY GIRL!

HOW SHE HAS IMPROVED!

WHAT IN THE WORLD HAVE YOU DONE TO HER? SHE LOOKS SO

MUCH LIVELIER

AND HEALTHIER.

gros misconduct

and in-

The committee's report, officially The report took particular ex- to the House of Reception to the fact that army areo- ipresented presentatives, referred to "certain planes were bought by negotiation violations and evasions of the law instead of after competitive and army regulations by, and also ding.

bid-

RADIO BROADCAST

(Continued from Page 7.)

9.4 1.36.

MATT', Close down.

Transmission 2

Recital by

7 p.m. Bu Ben. An Decant Purcell J. Manafell, 7.35 p.m. introducing Kr. Ramphew..." 7.30 p.m. 1laydn Heard and his land.

Greenwich Time Blenal at 12 Noon 6.15 p.m. Orchestral Cancer

1.30 p.m. England v. Beath Allen, 0.40 p.m. Orchestral Concert fcan'td.).

p.m. Arthur Sallabary and his Orchestra. P.30 pm, The News. 9.45 p.m.

Closs down,

Transmission 3

(2.8.47, 10-154).pm.1 61.9.F. 10 p.m.-1 san.)

... 12-1 a.m.)

SHIPPING STRIKE

UPHEAVAL IN CANADA THREATENS H.K. SHIPA

Vancouver, June 16, Longshoremen and seamen' at Victoria and New Westminster have been ordered by their res pective Unions to Join the trik- ing Vancouver weämen immedi ately.

A total of 2,800 maritime union- ists are involved in the strike, which In attempting to blockade all Cana- dian porta-United Press.

No information has been received In Hongkong regarding Canadian Pacle liner

The 'Empress of Japan arrived at Vancouver on June 6 and was scheduled to sail on Saturday fast

The Empress

1. Nien. "Meet the Detectives of for Hongkong Russia is unaffect-

Pletion

19.15 pum. The B.Bt. Northern Ireland | ed and is scheduled to leave' Shang-

hai for Hongkong to-day,

Orelwatro

10.30 p.m. ieorge Vancouver." 1 p.m. The tongue Glper stand, $1.50 p.m. England v. South Afric 11.10 p.m. The Nawfall Town Band, 12.13 m. The Victor Glaf Kenter.

Greenwich Time Signal at 130 p.m. 13.30 a.m. The News,

32.45 a.m. The Victor Olof Bertet (rond). 1 am, Clone down.

Transmission 4

(G... and 0.8.1).)

1.15 a.m. 1.2% Nat

PART I

Hen. The News, England Y. Houth Afrien. 1,35.m. The New tenat'd);

1.40 am. The B.H.C Midiand Orchestra, 2.M. Tath: "Minule and ike Ordinary

Ilener." Hie Walford Davies.

2.30 am, The 11.3.C. Midland Orchestr

(cont'4.).

7.30 am. The 11.1.C. Military Band,

Greenwich Time Signal al 7 p.m.

No other Canadian Pacific vessel in due to leave Vancouver, until sho end of the month.

3 a.m. Ael I af Gilbert and Sullivan's Light Opera "The Teamen of the

ipard." Greenwich Time Signal_at_8_p.. 4.30 .m. A Recital for Two Pianoforter

by Vilya

Victor Vransky and Kabin, 4.30 am. Clone down.

4.45 m.th.

PART II'

Interlude. 4,50 m. Talk: "Potwian Affairs."

The Bernard Crook Quintet.

$.3 a.m.

6 am, The News.

4.16 A.m. Donee Music. 4.4G .m. Close down,

It's fatal to miss your Tiger

NOTHING SERIOUS, JUST GIVE HER A

UTTLE CASTORIA TOMORROW MORNING.

Doctors know what is usually wrong when a child won't eat, is cross and weak. Intestinal absorption, occur. ring even when a child's habits may seem regular, polsona the system, upsets the nerves, impairs digestion So a little Castorinis prescribed.

This marvelous pre- paration, which tastes so good children beg for it, gently and awili- ly cleansee the system, settles the stomach and Testoren nervo-polse.

GAVE HER CASTORIA)

ON DOCTOR'S ORDERS

IT'S MARVELOUS!

NO MORE CROSS

FRETFUL SPELLS.

SHE PLAYS ALL

DAY AND LATS LIKE A LITTLE BEAR!

Then Nature does the rest. Appetite returns. The child can't get enough to eat. Disposition Improves and soon the little growing body fills out and becomes sturdy and strong. Now when your child won't eat, won't play, is cross and fretful-let a littlo Castoria restore buoyant Dealth. Results will surprise you.

101

HAVAYAN BREWERIES L

CER

BRAND

WEWED & BOTTLED IN SINGAPORE

LACER BEER

MWWW.P

Sole Distributors

A. S. WATSON & CO., LTD.

ESTABLISHED 1841