1936-03-12 — Page 19

RADIO-PHONE

NECESSARY TO COLONY

(Continúed from Page 1)` direction the clear explanation of your Company's position which has been characteristic of the annual statements hitherto submitted to you though in a somewhat different form.

Referring to the debit side of Pro- fit & Loss Account, there is little that calls for special comment. Attention must be directed, however, to the allowance for depreciation which 125 $30,710.02 in excess of the provision made under this heading for the pre- vious year. By way of explanation.

would point out that the matter of Sopreciation to its relation to the physical deterioration of your plant

and the not less important factor of

obsolescence make it imperative— having regard to the safeguarding of your investment-not only that the basis on which the normal annual appropriation is computed should be fundamentally sound, but that this should be capable of being varied from time to time in the light of experience gained progressively from the opera- tion of the system over an, increasing number of years.

in This question one that has had the close attention. of your Directors at all times from the inception of the Compune and the palley adopted in this connection endorsed by Shareholders throughout years of operation-is in large for the stability

***

the

Mensura

of your undoy ich, notwith-

standing the long drawn out period of economle depression, is able to show the satisfactory results displayed In the accounts as presented for the financial period under review,

VALUE OF DOLLAR

The sterling value of the Hongkongr dollar has an important bearing on the cost of service, and I must be clear that expenses in respect of sterling conintments inerente as the exchange value of our local dollar diminishe

sub

Bearing in mind that within reen years the dollar has ductuated be tween roughly 11% and 2/61, the maintenance of what I might d cribe as the stabilisation of scription rates at their exfting w level covering an extended perial of years-under widely dliena no mean net and one which I venture to think will be: appreciated by the telephone pubbe

well as shareholders.

In this cut nection I would reiterate

been stated from

wha

TD-

407-

THE HONGKONG TELEGRAPH. THURSDAY, MARCH 12, 1936.

First Of New £30,000,000 RADIO

Empire Merchant POSES AS

Fleet Sets Out

WH

HEN the Union Castle motor-ship Stirling Castle started her maiden voyage from Southampton to the Cape recently, there began a new and busy chapter in the story of Empire shipping, *

Within the next two years a fleet of no fewer than fifty luxurious ships, worth thirty million pounds, will make their first voyages along the routes of Empire. Many of them will come into service this year.

Nearing completion on the Clyde are two stermers for Bombay and A fruit-carrier passenger motor- ship for Jamaica.

On the Tyne are a passenger and fruit-carrier molor-ship for New Zealand, and a similar vessel for South Africa.

At Birkenhead are three refri- gerated cargo and passenger ships of 11,000 tons each for the Blue Star Line.

shipbuilding firms, is construct- ing eight passenger ships. for Empire routes.

OFFICIAL

BUT CAUGHT. BY

VICTIM'S RUSE

peared before Mr. Q. 4. A. Macfadyen

man, by falsely pretending that he

BROADCAST

The Continental Trio From The Studio"

Z.E.K. PROGRAMME

Front.Z.D.W. on a wavelength of 356 metres (846 kilocycles):

The new

or UNDERWEAR

for men

5-6 p.m. Hongkong Hotel Danco. Orchestra,

6-6.30 p.m. Children's Studio Con-

cert.

Leung Chi-wun, 24, unemployed, ap

6.30-7 p.m. Ilongkong Hotel Dance at the Kowloon Magistracy this morn

Orchestra. ing and was charged with feaving n

7-7.13 p.m. "The Three Men Suite" tained $10 from Pung Fook, 45, fore-

Contes). (30) p.m.

A Recital by Sanitary tho

admitted Richard Crooks (Tenor). the charge and on the application 1. My Sunshine la you (Stolz); of the prosecution he was remanded 2 Springtime reminds me of you

Serenado ("Siudent. for 24 hours in police custody for his (Jurman); 9. Anger-prints to be re-taken.

Prines") (Romberg); 4. Vienna, City of my dreams; 6. "Til Always be true |(Benatzky).

WAR employed by Department. Defendant

Programme

Detective-Sergeant Forrest appear- ed for the prosecution and stated that 7.30-8 pm. From.the Studio. NEW MOTOR SHIPS

(about 4.30 pm, on March 6 the defen- Selections by "The Continental They include the 25,000-ton Ath-

dant telephoned to the complainant at Trio," lone Castle for the Union Castle's and told him that he was Mak Kwong his shop at No, 143 Kin Klang Street, Cape ran; two passenger and enrgo motor-ships. 15,000 tons cach, for

of the Sanitary Department and ask the same company's Round-Africa

ed if he (complainant? had received a service; an 11,000-ton motorskippartment regarding the condition of warning letter from the Sanitary De- for a Melbourne company; and a

the shop. 10,000-ton cargo and passenger

1. I'm sitting high on a hill top; 2. Violin Solo-My Buddy: 3. Plano Solo-Selected; 4. Zueyn Pampena;

the Sun, West of the Moon; 7. Piano D. Violin Solo-Aualon; 0. East of

Solo--Selected; 8. No Strings.

BP.n. Time and Weather Report:

8.03-11 pm, Chinese Studio Concert.

Glaxe Down. p.m.

At Barrow in the 24,000-ion pas-motor-ship for the Lamport and the letter and defendant said that the Stuck Quotation".

senger steamer Orcadra Orient Line.

for

the Holt line.

Belfast, bidding to continue the home of the world's busiest

The launching of ships NOW OR the stocks will be followed by the laying down of other keels

Complainant said that he

11

Daventry.

Compfaisant replied he had vereived

matter would be settled if remplaine and gave him $10.

8.05-10 p.m. European Pro- #gred and defemiant would send a man animed Wong Sumgramme from Z.E.K. on a Fre to collect the money. That night|quency of 640 kilocycles, Woor Sum, who was defendant, went 8.05-8.30 p.m. A Relay from and received the money,

At 1.30 a.m. on

March 10 defendant The Trocadero Cinema Orchestra, [neria telephoned complainent undirected by Alfred Van Dam. Relayed

aid that he was Mak Kwonge again.from the Trozy Cinema, London, Head received the money from 8.30-9 p.m. A Variety Pro- Wong Sum, ut it was not enough gramme. He asked for more and complainant Instrumental-Fox-Trot Medley.... His auspicions were aroused how I can wiggle my ears ("First a Harry Roy's Tiger-Ragamufling; Song ver, and he communicated with Gir!")deric Matthews; Violin Sola Sanitary Innector and a report was

Grinzing,...Al

Albert Sondler; Vocal made to the Shamshuipe Police: Duet--I'm on a See-Saw ("Jill Dar- Station, A detective, was sent outing")....Louise Browne and John and on his arrival at the complainant's The arrested defendant who was ni- The Eight Piano Symphony: [ready there,

Song The Echo of a Song.... ..Turner In renaming defendant his Wor Layton; Vocal-In the shade of the would not make an order for the re-Waltz-Underneath the Blue Hawai ship informed the complainant that besid

The Four Aces; apple Tree.. payment of the $10 to him because inn Skies; Waltz-Sweet Hawaiian he had paid It thinking that he was Dream Girl paying a bribe to a Sanitary Inspecs:

9-9.15 p.m.

Daventry News Bul The prosecution added that defen-

9.15-9.30 p.m. Concert Waltzes. dant alleged that he knew that R Tales from the Vienna Woods (J. notice had been served on the com- Strauss); Roses from the South (J. plainant because he had seen it being Strauss). delivered by a coolie, but the palier did not believe that. "He must be working in with someone who knows all the ins und outs of the working of the Sanitary Pepartment," con- cluded Sergeant Forrest.

ince the elese of the financial year, At the last annus! meeting, my the difference between cost price and

prederemur speaking from the Chair, alovka vlug has been considerably predicted that telephone communien- narrowed. Before leaving this sub- tion with Shanghai and other places jret, I would make prsing reference outside the Colony might possibly to the perch of my predecessor in be made available by October, 1936. the hair made at the last antan Insofar as communication via a direct meetin wherela he advorated the

agreed again. tongking cadia telephone channel is ent of an Exchange & In- concerned, establishment of

E regret to state that it vestment Fluctuatim Reserve as soon would apper that no material pro- 4 circumstances would port. Congress has been nude towards the disane pervaling during the year establishment of a radio station for

revow bave elearly demons trates the Wisdom of this one commercial purposes, although it is and, although it has not yet beth years now since the project first was mouted. Progressive business possible to

Any action towards 11's end, 1.enn

reenguire the very definite arul interests are Shareholders | commercial value which that the matter is one which is conf

personal oft-touch, through the medium of the stantly before your Board, who are

tas in negotiations with towards securing authorisation

eiting, In the establishment of such Reserve ns which a service of

for the circumstances the contribution nature would soon r, in their upitnon, the time is male

make to the prosperity of the Colony opportune, tele-

be obvious In directing your attention to the deplorable delay which has necarred to all, and the rash position, i subent that the high in making this ly desirable situation

available to merchnats disclosed by in Hongkong cannot, in my opinion. the Accounts is one which must

strongly be deprecated. Needless particularly in these difficult times mark, the right to establish a etavay a feeling of solidarity to men service of this nature is not a pe buzz. It will of course. ciated that the balance shown will beton is simply to net as the connect appre misite of your Company, whose fune depleted to the extent of $450,000 in ing link between the radio servier order to meet payment of the final and the public telephone system. dividend--if your Directors' proposals

this Chair on several

ocensions, namely, that it the Pirparel to take any necessary tej bhaneries in dist*****

constant

BT of your

Directorate

insofar as efficient management and economic operation can control the

to give to subscribers phone service of the highest order, rates as low as are compatible with the plant investment required tu supply such service on demand, and at the same time to enable your Com patry to continue the high standari of mamtenance necessary for the continuance of a service which, I submit, la comparable in all respects with the best that can be bléinerī elsewhere.

Provision for bonus to European laff has been made conforming with our usual practice, whilst payment of bonus to the non-European staff was efectiv in the customary manner prior to Chinese New Year, in viewi of the highly satisfactory remits of the year's working, I am confident that these allocations will have your full endorsement.

GAINS OFFSET

is

The proßt for the year under review is $18426 less than that for the preced- ing financial period, for although the balance from working account $33.604.66 higher, and receipts from Interest and dividends also show an increase of $4.766.04, it was foumi necessary, as I have alrendy indicated, to make an additional allowance for Depreciation which has the effect of offsetting these gas

The

proposals of your Directors for dealing with the profit for the year are incorporated in the Profit & Loss Appropriation Account which, I think.

1

self-explanatory. The appropria- tion to General Reserve is on the samo scale as for the previous Onancial year, and the unappropriated profits exrried forward to the balance sheet are also

on the customary lines.

Referring to the ilabilities side of the balance sheet, it will be observed i in the increase in the General Reserve Fund which will stand at $765,964,00 contingent on your approval of the propioned appropriation thereto for ihe year under review of the sum of $170,482.00.

The heading "Automatic Exchange Equipment," under which your Com- pany's outstanding liability of $23,- 111.28

was entered in the balance sheet for the inst financial year, has disappeared consequent upon pay

final bient of this instalment which was effected in accordance with the terms of contract-during the

year 1935. In other words, your Automa- Bic Exchange Plants have been pak for in full and I venture to suggest that members must experience con- siderable satisfaction from a realisa tion of this desirable state of affairs couplet with the knowledge that auf- fcent reserve capacity lis

available

to meet the normal demand for ser- vice over a reasonable period in the Inmediato futuro in conformity with the terms of your franchine.

LARGE RESERVE

On the Assóts aide of the Balance Sheet, i will be observed that. De- preciation Resurve stumia at $1,800,- 480.19 and this, together with general reserve, is represented under invest- menta which are shown at cost in the sum of $2,070,966.57. The market value of those investments at Decem ber 81, 1035 was $2,560,409.06, or| only $110,556.02 below. cost price. Having regard to the extent investments and the diffealt times through which we have passed, I'm confident that you will regard this position as satisfactory, as the de- prociation amounts to 4.30, per: cool, only. In this reiation, It will interest:

· Sharchoklars to know that, with fur- ther appreciation in thèse invostamente

thene of

för

in this ennection meet with your approval. I would her romari: that, sace the close of the last financial

a involved.

PLANT MAINTAINED

ton

CANTON PROGRESSIVE Fortunately, our neighbouring city

tor.

lightened as to the cause of the delay, but we have the Chairman's stati ment.. that establishment, of such a Company.

letin.

Instrumental---Rollin'

Home

9.30-10 p.m. Dance Music. 10 p.m. Big Ben: Close Down.

KARLSRUKE FOR

HOME

LEAVES TOKYO FOR KIEL

For Honkong to be without modern facilities that are available in jacent porta and eitles is, in these competitive days, a definite handicap

Tokyo, Mar. 12. The German cruiser Karlsruhe "left to the progress of its commerce, here yesterday for Kiel vin Panama, In the interests of the Colony there- The Karlsruhe which arrived in fore, as well as of the Company, we Tokyo on March 4 abandoned her pro urge the Directors to continue to i jected visit to Yokohama on account exert whatever inflence they possess of the Tokyu rebellion.--Reuter, with those in authority to ensure Radio-Telephone Service. the establishment of a modern direct

year, steps have been taken with a of Canton is fully aware of the advan-service is not a perquisite of this

વડ the employment of surplus tages to be derived from the operation funds profitably, with the object of of radio telophone services, and the obtaining a reasonable return by way work of installing a suitable station of interest, whilst retaining full there for long distance

telephone security in the matter of the capital communication is being pressed for

ward with all expedition. Un- foreseen circumstances have tended to delay completion of the project, {-}rat--1-- The conston of your plant and it is confidently predicted that the

am given to

to understand that other equipment is being maintained service will be mened to the public

11 accordance

the highest with

Lin

1936. When this has been technical standards, and this is reaccomplished, subscribers to your flected not only in the continued telephone Hongkong will be cellent service from your automatic S exchange

plants-which, incidentally, in facilities whereby they will be with the outside world vin the Hong enabled to communicate by telephone leongCanton Trunk

Line,

which latter, incidentally, continues to afford service greatly appeciated by all those who have occasion to use it. calling for

There belag no further

her matters 1 now beg formally to propage that the Repart of the Directors and the Accounts for the Financial Year.ending 31st Decem er 1985, as presented, be adopted, and

now been in operation for near f six years-but in an equally satisfactory condition of the instr ment plant, cable network, and sys tem of line distribution, all of whielt

Occupy

positions of similar Import- ance in the contexture of that com posite modern necessity termød Tele- phone Service.

In this connection I feel confident that I will be expressing the senti- ments of all members by paying tribute, at this juncture, to your staff who, by their loyal co-operation and conscientious endeavour, have played such as important part in achieving these results.

comument.

recommended hy your Directors, ne I that the following appropriations, corporated in the Balance Sheet, be Transfer to General Re carried into effect, namely,

sorve (to increase it tu Final Dividend of 8

$786,964.00)

payable 12th March 1036

Extension and development of your cable distribution network as Pr gressed not only in accordance with the

demand but also with Immediate due regard to the prospect of future growth and, in the light of this Carry forward unappro polley, shareholders can be assured of their Company's ability adequately to respond to any reasonable demand for additional installations.

priated

MIST OR DRIZZLE

Speaking, for a moment, personally, I would like to congratulate tho management and staff of our Com- pany an the very excellent telephone

The anticyclone has moved into the system the Colony enjoys as a Pacific to the east of Japan, leaving milt of their endeavours. In the depression over Indo-Chim and an course of my everyday life I use irregular area of relatively low pres- the telephone considerably and my sure over the China Const. Another experienca. is that the service js

anticyclone is probably developing efficient in every respect.

over North China. Local Forecast:-- With these remarks, I have much East winds, moderate; cloudy with pleasure in sedonding the Report and fog, mist or drizzle. Arenunts now before this meeting.

The adoption of the Report and Accounts was passed unanimously.

Proposed by Mr. Frank Austin and On a charge of returning from seconded by Mr. A. McKellae, Messrs. banishment Tam Chun, 19, unemploy- J. Scott Harston and A. L. Shields eu, was senterred to ten months' hard were re-elected Directors of the labour on his appearance before Mr. Company.

Schofleld at the Central Police Court Mesars. Lowe, Bingham and Matthis morning. He was deported on thews were re-elected auditors of the January 4 last for ten years. An- Company for the ensuing year at a other returned iminishee, Chan Chik- 450,000.00

fee of $3,400 ner ammum mi the pro-lin, aged 18, was remanded until to poon of Mr. Wong Ping-sun, seconded morrow for a medical report on his 149.969.00 by Mr. W. C. Clark..

eyes. Inspector Logar prosecuted.

$170,489.00

$770,451,09

and I shall be obliged if a Shore-

With a view to satisfying modern requirements, your Company has holder will kindly second such pro

posal, whereupon questions as to the recently introduced Automatic Private Report and Accounts may be raised. Branch Exchanges for the use of large subscribers, whose sat with the varied range of communica-

satisfaction

HELPFUL STATEMENT

DAY BY DAY NEWS IN BRIEF

THE HAPPINESS OF LIFE 19 MADE) Two cases of Typhoid were reported UP OF MINUTE FRACTIONS.-Cole-to the local Health authorities on ridor.

Tuesday,

The forthcoming wedding is

Sentence of two months' imprison-

tion facilities thereby provided, coupl- To seconding the adoption of the with the ease of operation and report, Mr. A. W. Hughes said:

nounced of Mr. Pedro Nolasco da ment was imposed on Cheung Fuk, 21, Mr. Chairman and gentlemen Silva, broker, residing at 7 Garden unemployed, when he admitted steal. greater speed of connection, Judicates the increasingly important role which rise with pleasure to second the adopteno-typlet of 6 York Road, Kow Road Central, before Mr. Balfour at Road, and Miss Ofelia Barretto, ing a dried fish from No. 359, Queen's this class of installation is likely to tiun of the Report and Accounts now on Tong.

In future development to the before this meeting, Rashmo

· mutun! benefit of the subscriber and the Company.

is the

TSUN WAN AREA

investment which

The manner in which the accounts are presented this year is helpful in that tho finanofal condition of our Company can more readily be ascer taimed therefrom. Our thanks are

tho Central Magistracy this morning. Detective-Sergeant Guild prosecuted.

Yu Kiu-choung, 60, was knocked down by motor forry 100 "in' Con- Charged with begging at Qiroen's naught Road Central, yesterday, and Road Central near the Central Thea was sent to the Government Civiltro, Lau Kin, aged 60, was contenced the management for this Hospital. The lorry was being to a week's imprisonment when he driven by an unlicensed driver who appeared before Mr. Balfour at tho. Central Magistracy this morning. was arrested.

Another man, Lam Shu, aged 58, was also sent to prison for a week on a similar charge.

Alleged to have matched, Afteen Ave-cent pieces from the counter of a teahouse at No. 114 Canton Road yes- terday,Chan Lee 88. umemployed was brought before Mr. Q. A. A Macfadyen at the Kowloon Magis tracy this morning and was sentenced

During the year under review, a due to small Automatic Exchange was open assistance. ed in the Tsun Wan area of the Now

The fact that it has been con- Territories at Government request.sidored desirable to increase the It

opinion of your Company allowance for depreciation in com that the district in question is un-parison with last year will, I think, sultable,

In its present stage of not be criticised as we all recognise development, for a self-contained ex the soundness of this policy. The Core Byatem, as that partion of the bonus to the European and non- for European Staff in a matter in which provides local service within the relevant ex-we are prepared to be guided by our change aron remains Idle, due to the Directors and their recommendation lack of community of interest between will, I subscribers

on such exchange who are prova uro, meet with the ap

of all shareholders. mainly concerned in obtaining com The Chairman bas so fully covered munication with their correspondents all points in connection with tho-ac

Con-counts In: Hongkong and Kowloon,

that no further comment vorsely, Junction plant must be pro- appears necessary, vided in excess of requirements; it is regrotiable that no progrias normally encountered in rural areas has been nonsible in providing long at a cost which is entirely dispropor kong with communication with the tlonate to the total working capacity loataldo: world. via wa directRadio of the Exchango,

Byd Telephone channel. We are, not on4p.my:

to one month's hard labour."

Charged with keeping a prosti- tutes lodging, house at No. 2 Gough Street, first floor, Wong Szo, aged 30. a widow, was fined $30 or three weeks hard labour when she appeared before Mr. Balldur at the Contral Magistracy this morning. Choi Tak, aged 30, also. While working on board the 8.8. a widow, was similarly, dealt with in Tung Leo yesterday, four men. rospect to premises at No. 40 Gage Cheung Tal-ho, 52 Ho Sal-yu, 24, Street, first floor. The bail of $40 in

Case of Chiu Yust, aged 70, Cheung Chi-shausk, 28, and Thong; the room and were injured. They were No. 106, Hollywood Road, first floor, Wing-aboung, 21, fell into the engine widow, who was charged with kooping removed to the Kowloon Hospital, no a' prostitutes' lodging house, was whero Thong Wing-sheung died at estreated as defondant was absent

from Court

Jockey Shirts

$1.75. Jockoy Shorts

$1.75.

Less 10% cash discount,

The

Jockey Short

and the Jockey Shirt

1. Cradlo Support. Scientific suspension; so rostful.

2. Lastex 'Snuggor.......... Holds cradle to inner leg. No bulking.......

3. Broadlostic

Waistband.

Holds short up, shirt down.

"

4. Snug Knit Fabric, Porous. absorbent, quick drying,

5. Floxsecure Design. Body

freedom in any position.

MACKINTOSH'S LTD.

Men's Wear Specialists.

The Best Value nowadays is

A QUALITY INVESTMENT AT A QUANTITY PRICE and the Chevrolet is no exception

NEW REDUCED PRICES AS FROM TO-DAY CANADIAN-BUILT CHEVROLET

Standard Sedan Deluxe Master Trunk Sedan Deluxe

Far East Motors

Delivorad Prices

£172 205

26 Nathan Rd., Kowloon. Telephona 59101.

LEE THEATRE

TEL. 20692

RELIABLE PICTURES CORP.

BERNARD B. RAY PRESENTS

RICHARD

TALMADGE

NEVER TOO LATE

DOG OWNERS FINED

ANIMAL ABROAD WITHOUT MUZZLE

A fine of $25 was laposed upon Mr.

E. E. Warburton, of No. 7 Hillwood

THURSDAY & FRIDAY

12th & 13t6 MARCH

Daily at

2.30, 5.30, 7.30 & 9.30.

MODERATE PRICES

Dress Circlo

40 ct.

Back Stalls

30

Front Stalls Gallery

20

10

ITALIANS ON OFFENSIVE

·TROOPS CROSSING TAKAZZE RIVER ·

Rome, March 11.

Reports from Asmara state that

Rond, when he pleaded guilty before the Italian Commander-in-Chief, Mr. Q. A. A. Macfadyen at the Kow- Marshal Badoglio, left for his field loon Alagistracy this morning for headquarters to-day. allowing is brown and white dog abronil at Jordan Road without a muzzle on February 24.

Intensivo aerial activity along the whole. front is apparent.

moving. up

for ad-

Mr. G. M. Sequeira; of No. 9. Soares Åvence, admitted two summoner for Supply services aro keoping two dogs without a licence great masace of material and was fined a total of $5. It wan vanced. positions.. stated that it was only a matter of

Italian troops are moving Beros renewing the licences; defendant had the Takazze River and to the south Beentes. for the dogs but had failed of Amba Alagi-Reuter.

to renew them.

POTSDAM TRIP CANCELLED

STUTTGART TO COME EAST

J

Kill Kidney

Trouble Quick

of

an Bevera

2 Thousanda

from Kidney trouble and infer weaknonse have stopped Berlin, Mar. 11. The passengers aboard the N.D.Lhotmatian, Plainess, Lumbago, Borales,

Getting Up Nights, Leg Paina, Nervousne liner Potsdam, which had to turn Itching, marlino Acidity and Loss of Lark to Bremen owing to a slight fira! Vigor by a Doctor's new discovery; called and breakdown of engines, have been cyste (Bisan), Gently wootben, tones taken off by the ss. Stuttgart, which laws, and beak, tww-sore kidogs. In 15 will do the journey to the Far East minutes Coinstar tying your blood. instead of the Potsdam.

Brings new bowlth, youth, and vitallfy: In ̈¢B÷ hours. Guaranteed to end your, troubles; trị vă·

The breakdown occurred In the

English Channel before passengers dari or money back. Get Ormes at all from England had been taken aboard.) ehem

·Reuter