1936-02-28 — Page 17

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· SHOWING TO-MORROW

EXTRA!

THE KING IS DEAD

LONG LIVE THE KING.

Special Hearst Metrotone Newsreel

presenting

FLASHES FROM THE GLORIOUS REIGN OF OUR LATE SOVEREIGN KING GEORGE V.

AND CHAPTERS FROM COLOURFUL CAREER OF OUR NEW RULER KING EDWARD VIII.

ADDED

"MEMORIES & MELODIES"

A Metro Colourtang Musical

Inspired from the Life of Stephon Forster In Gorgeous Technicolour,

SHOWING WITH

Blizan

IN

MYRNA LOY Whipsaw

SPENCER TRACY:

She dared to love! When love meant death?

She dared to

speak! When silence meant safety!

SAMUEL GOLDWYN

presents

Screenplay by Charles MacArthur

and Ben Hech

Barbary

Coast

with

MIRIAM HOPKINS EDWARD G. ROBINSON

JOEL MCCREA Directed by HOWARD, HAWKS Releaiad they UNITED ARTISTS

TO-MORROW

ᎪᎢ . THE

KING'S

The MING YUEN STUDIO has removed to the 3rd Floor of No. 6 Queen's Road Central.

JUST OPPOSITE the Dairy Farm's Soda Fountain.

THE HONGKONG TELEGRAPH. FRIDAY,

TRAMWAY APPEAL

FAILS

FEBRUARY 28, 1936,

judgment the two most important ADMIRÁL ESTEVA parts of the Road Traffic Act were.

those Bealing with the regulation of public service vehioles, and the

BY FRENCH CONSUL

Buffet suppor was served on the ground floor, where dancing was also enjoyed to the strains of the hand of the French flagship Lamotte- Piquet. On the first foor Ruents were provided with card tables.

Omnibus Bill promoted by the Munk BRILLIANT RECEPTION elpal Tramways and Transport Asso- (Continued, from. Page 1.) · eintioh. They should be clear as to

what were the elements Ut the prehensive nature and dealt with your economics of transport There nust

A brilliant function was held at 13. Company's nitairs as dar back as 1825 | be sufficient transport to meet the re-

the when we were informed by the Gov-quirements of industry and the reason. Peak Road, last night, when erment-in response to our appllen able requirements of the years ahead. French Consul-General and Madame Com tion for authority to commence There must be cinsticity in the means Leurquin, gave a reception in honour. trolley bus or mutor bus service along of transport which would meet tem- of Vice-Admiral J. the (No. 6) Queen's Road route-that porary expansions and contractioner mander-in-Chief of the French Navy Heither

could be approved, the streets demand. Transport must be efficient in the Far East, who is on a brief being too narrow for such vehicles. transport, anil, if It was to be emelent, visit to the Colony prior to proceeding The

principal points in the polition, it must be guaranteed reasonable north. however, dealt with the question of security within the transport system. socond-class motor bus fares which The system must meet the problem had boon Introduced only on routes of the peak load of dehand for trans Nos. 1 and 6, that is to say, the port. In the nineteenth century they routes which compete most intensive were told that free competition was ly with the tramway services. It is the great thing, and that it would

Among those present were Captain ignificant that on the University provide chenpes and efficiency. It Routes (Nos. 3 and 4) no second-class was to the credit of Socinilst propa Lelout, Captain Bastard, Commander fares were introduced.

ganda that there was practically no of the Lamotte-Piquet; Commander Prior to

Government calling for business man of repute who totay de la Sorte, Air Attache of the French Legation Commander do Bavels, temlers for a motor bus franchise le mercial doctrine, was a sound coat Commander of the French gunboat was laid down that bus fares (this

Argus; Bir. 3. II. B. Lec.. Private applied to the Hongkong Hotel Coin-

"Competition inroad transport Secretary, representing His Exect pany's bust and to the buser operated by our own Company), must not be meant that time-tables were unrelated fency the Governor, Sir Andrew less than the first-class tram fore, and that there was lack of contact Caldecott; Commodore and Mrs.

between different forms of transport, G. Sedgwick, N., Brigadier H. G. When in 1932 tenders for the exclu-which meant empty seats. People ap: Seth-Smith; Sir Elly Kadoorio, and sive bus franchise were invited there w was no suggestion that this policy of preciated empty sents, but these were many of the loading French residents the economics not of wisdom but of of the Colony, including M. Montargis, leaving the second-class to the trams was to be departed from bedlam. The empty seat had to to it, de foux and M. Susserand,

Among others invited were all mem. and it was strongly contended that paid for either by capital, in the sho what had occurred constituted a grave of bad services, bad vehicles, and bers of the Executive and Legisla departure, generally, from the spirit bankruptcy, or by the passengers in tive Councils, all members of the and intention of the conditions of needlessly high fares for those who Consular Body, and all Captains tender

and, particularly, that the vehicles, inefficient services, and a

i did travel, uncomfortable and unsafe of British warships in port. stitution of Recond-class dares on routes Nos. 1 and 6 was in conflict with those conditiis,

As pointed out In the speech from

Finally, this competition hot veen quality of transport" worker. capitalists meant for the transport this chair twa, years ago, our tender worker low wages, long hours, and the was not acceptel, the China Motor mental discomfort of being mixed up Bus Company having offered Govern-with a mismanaged enterprise. ment a higher tender than your Company found it economically pos-

ble

to put forward-umler, the conditions laid down."

APPEAL FAILS

1 regret to roport, however, that on November 22nd last a letter was received from the Hongkong Govern ment to the effect that the Secretar v of State for the Colonies had given F petition careful consideration, but that he failed to see any ground on which he would be justific. in inter- fering with the discretion of the Hongkong Government regarding the matters which were the subject of the petition.

K.B.E.

other

"Proceeding, Mr. Morrison said he] withed people to travel by rail or road as they liked, but there could not be reckless duplication of means of transport, which in the end would mean disaster for everybody concern- ed

NO OPERATING details

Turning now to the accounts before the meeting, I must first of all co. mark this is the first occnalon that complete information of the Working Account position has not been included in presenting the annual statement of accounts. In the existing conditions of direct and intenso motor-bus competi

regretfully navire the undesirability of continuine sur former practice of particulars

"full Whilst, in other respects relain ing 器片 for Ox possible their customary form, the present BC- counts in this particular are accord. lingly modified to conform merely with requirements of the Companies Ordinances.

'of

detail

tho

re-

RADIO BROADCAST

(Continued from Page 7)

- Jahu Ireland. A recital of John Ireland's songs. 20.43 p.m. The D.B.C. Variety Orchestra. 11.45 b.m. Variety: "How's That?"

Greenwich Time Bignal at 1130 3.3 13.30 am. The News and Anneunewzmenis, 12.50 . Vicane Walisés. 1.1. Cima down.

Transmission 4 (0.8.1, 0.5.D., G.B.B., G.SL., GAP., and

PART I

(1.8.C.)

1.15 x.m. Tile Ben. The B.B.C. Trance

Orchestra. The News and Announcements. 1a.m. 1.20 a.m. "The British Industries

1926."

1.38 0.04. "The Bladent Prince,"

Greenwich Nose Bignal at 3 am, 2.89 a Young Ideas,

4 am

4.30 a.m.

Fair,

A Pianofaris Recital by Cyril freilh.

་

"The March of the '45." A Radio Panorama in Verse und Rang by D. a. ridan.

4. Cles down.

PART II 5.43 AM Thik: "Parolan Adsim.”

Greenwich Tima. Bignal at 4 2.0.

The News and Announcements,

Daste Maale..

4,20 a.m. -6.48

m. Close down.

KZRM PROGRAMME

This Evening's 'Broadcast From Manila Station

The following programme will be broadest from Manila the evening on a wavelength of

85 metres (618.5 kilocycle) s

Are You Liatenlog? Conductel dy

Bernie Nolasco.

4.30 p.m. Spanbh Informational Period. 4.35 p.m. Engilah Informational Period.

Alexander Schmidt and his Vlotin. 7.14 p.m. "Musle In the Air with Bi

Partridge.

7.30 p.m. Phico-Frigidaire Presentation, featuring "Tartan of the Apes." 7,10 p.m. Elimite y Cia, prments Dallasy

Aldaba, soRMNG. Honning 1.m. 10.30 p.m. Ben off,

A

Zarzuelno, ·

EXCHANGE

TO-DAY'S OPENING

QUOTATIONS Belling

Domand

T.T. Shanghai T.T. Singapore T.T. Japan T.T. India

In our Petition we asked, inter aliation your Directors that the Secretary of State might be pleused "to refer to the Ministry of Transport matters of transportation principle arising out of this Stemorial for roport regarding the treatment of which your petilloner (as providers of efficient, public passenger trans- port services within the Colony for the past 31 years) complains since the year 1928; and in particular, with

The Inclusive profit for the year regard to the recent injury which

was $74-1,813:58, being OVOT your Petitioner complains of having 1935 suffered vis-a-vis the present Motor- $200,000 less than in 1934, and when Вий licensee by the Hongkong state that on the expense side

permitting figures compare favourably Government's acilor in reduction of bus fares on routes com-serious nature of the decline in peting with your Petitioner to a level trafle receipts will be appreciated.

Y B.M. An apparent falling off under the equal to the lowest tram fare."

There is nothing to indicate that Inventnient. and Sundry revenus head the question was ever referred to the is largely explained by the amount Ministry of Transport, In a recent laken into the previous year in res- peech the Permanent Secretary at pect of forfelted dividends. Depre- that Ministry, Sir Cyril Hurcomb, ciation has been charged according

• ont to the usun! scale. The customary of the sald:"One difficult questions which has arisen in amount has been written-off goodwill connection with the licensing of road cle, and in the present state of Am sure the increased passenger services is the extent to affairs I which an efficient road transport transfer of $150,000 strengthening undertaking providing adequate local your General Reserve position will

or be also approved. service whether municipally

You will have remarked the privately owned, is entitled in the balance sheet marshalled in public interest to protection from the vised manner more In line with competition of

undertakings,

practice but whose justification is the provision of modern accountancy longer-distance through services, and chown with a minimum of departure TT. the form which that protection should from the usual forms and I think take. The question of competition be with no loss of intelligibility. tween public service vehicles and tranı.

CONSERVATIVE POLICY ways and trackloss trolley under-

the Concerning

written - down 1.T. Frisco & New York takinge is dealt with at considerable length in paragraph 01 of the

figure at which fixed assets appear T.T.

T. Java Interim Report of the Departmental on the books 1 with shareholders P.T. France Committee on the Licensing and Regu- to be informed that at cost plus TT-Manila lation of Public Service Vehicles. It

these TT. I additionx less depreciation

TT Bangkok is there pointed out that tramway capital arrets are carer $7,000,000 T.T. Saigon undertakings, whether municipally or the actual figure, in fact, is T.T. Lisbon privately owned, are subject to $6,027,814.

The difference in ae such

for in extraordinary L/C. main-counted tho

4 m/s.. statutory Habilities, tenance of part of the highway on amounts written-off during the his-4 m/s. D/P.

6 m/s. L/C. which they run and also that tramway tory of your undertaking. Had this done the continuing and trackless trolley undertakings not been so

4 m/s. San Frisco & New

York. have sunk heavy capital expenditure development and expansion of the must have necessitated in track, cloctrical equipment and Tramway uther plant, and are unable to transfer calls upon shareholders from time to m/s. France their services to other router The time. A conservative polley of in New York-London Committee reached the conclusion rant inanee followed out by your which was generally accepted, that so Board in the past has, however, long as such undertakings are- pro- served to dispense with additional viding adequate and efficient services, capital demands and the reason I they are in principle entitled to some am now stressing the point is that neasure of protection, so far as their an uninformed view appears to be strictly local traffle is concerned, from beld that, the Company returns a the competition of public vehicles con-high rate of yield on the capital in veying passengers stage by stage he vested. The answer is that upon an 10 bo missing from the N.Y.K. iner tween points served by the trams and actual capital of $7,000,000, repre- Chichibu Maru when the vessel dack- trolley vehicles."

echted in these assets alone, theed here today,-lieuters. dividend for year in revely earned fact, to deal with what is known as the

one of 0.20 per cent. and, similarly, Lelcester case. Briefly this was a

past Ave Ministry of Transport order which dividends pa over the forbade motor buses other than those years repres) an average of 9.28 cwned by the Leicester Corporation to per cont. pick up and set down the same passen- ger on such portion of the route as lay within 440 yards of the Leicester Tramway track.

Sir Cyril Hurcomb then proceeded from trame revenues is, in

:

1/8

1/0

100%

110%

85%

324

46%

4.82

04%

1432

48

6$95

Buying

1/44

1/4

1/4%

33% 5.07

4.99%

PASSENGER MISHING

San Francisco, Feb. 27.. Mr. Stanley Keyes, British police ameer stationed at Shanghai, who was bound for London, was reported

CLIPPER HOPS OFF

Midway, Feb. 27. The China Clipper, bound for Manila, departed for Wake Island at 2.55 am. (Pacific standard time. United Press.

"OTHER BUSINESS

I have a las reference to the balance sheet to make in regard to the heading "Investments." You will serve from the note of 31st Decem- bcr prices a market depreciation of 144%. These lovestments, entered C. G. S. Mackie, and was carried un- LATEST MOVE Your Board has now approached the into with the primary objective of animously.

supplementary ravenues, ensuring Hongkong Government enquiring whether it is Government's intention consist of first class dividend bearing stocks and temporary market fluctus to grant protection to your Company tions need occasion little uneasiness. such as is outlined by the Permanen In fact, I am pleased to tell you that Secretary to the Ministry of Transport based upon current quotations, the and at the same time asking whether overall difference under-cost has nar animously. His Excelloney the Governor will be rowed to 12 per cent.

MOSTE. Lowe, Bingham and good enough to cause to be sent out An interim dividend, amounting to Matthews were re-elected auditors at on a visit to the Colony a senior official $280,000, was paid in August last, and a remuneration of 82,000 on the pro- of that Ministry. This official would a final dividend of the same amount, nosal of Mr. W. Allen, seconded by make a report and recommendations making 80 cents per share for the Mr. C. A. L. Ricketts.

Mr. B. Wong Tape proposed and Mr. Chon Peng-choo conded that the Hon. Mr. Paterson and Mr. M. T. Johnson he re-elected Directors of the Company. This was also passed un-

to the Goverment which could safely year 1936 is now recommended, In addition to the Chairman, there be regarded as unblasted and in leaving a balance of $118,634.42 to bo were present the Hon. SirShouson accordance with the practice of the carried forward. I now propose the Chow, Messrs. A. H. Compton, Felix British Trafle Commissioners who are resolution That the Report of the

A. Joseph, Choa Po-sien and M. T. charged under the Road Traffic Act Directors and Statement of Accounts Johnson (Director); Mr. L. C. F. of 1930 with the duty of issuing road for the year ended. Sist December, Bellamy General Manager), WE service licences and fixing fores etc. 1935, as presented, be adopted and Simmons Secretary), Messrs. 8. T. Observe what was said by the that a Final Dividend of 40 cords per Williamson, O. el Arculli, W. H. Choy, Right Hon. Harbert Morrison, PCsharo be paid for the year 1935.0.A. L. Rickett A. H. Mackonale, F. (Minister of Transport 1929. When, this has been duly seconded I W. Stapleton, F. H. Crapnell, Chor the originator of the London will reply, to the best of my ability, Peng-choo, F. Bchreiber, Frank Passenzor Transport Act, in a speech to any questions shareholders may Austin, Lo Kai-wing, C, G. S. Made Mackie J Manners, W. Allen, in 1980 when referring to the Road wish to ask. Trand Act of that your:-"In his The motion was seconded by Mr. VT, Gordon, and B. Wong Tape

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