1936-03-27 — Page 12

12

KINGS

TO-DAY ONLY

At 2.30, 5.10, 7.15% & 9.30 p.m.

As real as your awn family troubles — as funny as those of the Ifolks next door!

EVERY SATURDAY

NIGHT

JUNE LANG

THOMAS BECK

JED PROUTY SPRING BYINGTON

TO. MORROW

RONALD COLMAN in "A TALE OF TWO CITIES

M.G.M.

"

Picture

QULLA'S

TO-DAY ONLY

At 2.30, 5.15, 7.20 & 9.30.

A killer on the loose in a

Broadway theatre! He tangles the lives of people like YOU

... dynamites them out of their seats and into the story!

Adalah Zakar presents

PAT

HOURS TO KILL!

with Richard BARTHELMESS

JANC

TO-MORROW

JAMES

FRANK

JEAN

O'BRIEN FROMAN MELTON MCHUGH MUIR in "STARS OVER BROADWAY”

TAKE ANY TEAM OR HAPPY VALLEY ÖVE

EORIENTALE

RETO-DAY • TO MORROW.

MORE ZDAYS SI

HERE'S A PICTURE YOU'LL LIKE ! SOMETHING NEW

IN A JOYOUS MUSICAL COMEDY SHOW FULL OF CATCHY SONGS,

GRAND MUSIC, HUNDREDS OF PRETTY GIRLS AND LOADED WITH LAUGHTER.

A Teramount, Pictors withe

JOHNNY DOWNS

BETTY BURGESS

JACK HALEY EDDY DUCHIN AND ORCHESTRA

·ANDY DEVINE ALICE WHITE LEON ERROL

MATINEES: 20c.-30e •

CORONADO

Ship ahoy! Eddy Duchin, and His Orchestra rule -thu-awnkist...waves!

EVENINGS: 20c.-30c.-50c,-70c:

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, MARCH 27, 1936.

HELPED BY LOW DOLLAR

FIRE INSURANCE CO. PROSPECTS

surance

ANNUAL. MEETING

Presiding at the annual meeting of shareholders of the Hongkong Fire In- "Co., Ltd., to-day, the Hon. Mr. J. J. Paternon remarked on the drop in exchange, which had enabled the dividend to be maintained at its present lovel. Now that local cur. rency was more or less pegged, the

Tables Turned

On Constable.

FINED FOR FALSE TESTIMONY

Discharging a Chinese charged with obstructing an Indian constable, Mr. Balfour, at the Central Magistracy this morning, charged the constable under the Magistrates' Ordinance for giving false evidence in the witness box, and imponed fine of $00.

The defendant was Chan Cheung, aged 29, unemployed, and he was charged with obstructing P. C. B482, Noor Mohamed, in Queen's Road Cen- tral near Bonham Strand East on March 24. Sub-Inspector L. Mist ap- peared for the prosecution.

At the previous heuring, evidence was given by the constable that he saw two boot-blacks in Queen's Road, and when he went to arrest then, defendant obstructed him and prevent- od him from doing so, and he arrested defendant instead.

Evidence was given this morning A to the 1935 account. Mr. I by Li Kuen, accountant of the Tal Bing Goldsmiths, of Queen's Road Central, who was an eye-witness of

que hoped to

proceed more

and better able to foresee what lies ahead.

expressed the hope that the final balance would allow of the same

or

to Khareholders.

man

perhaps an

an increased distribution

Ackiness.Kentlemen,-Tho

shareholders, the Chuir

report and accounts having now been in your

harda for

for some days, I propose, with your permission, to follow the usual custom of taking them read. It is with much pleasure that your General Manager and Consulting Committee are

are able once again

them as

before you what they feel muat place you bo considered a satisfactory Account for the year 1934, the more so

that at one time during the past year, with exchange at over 2/d. and every of its going even to what

en higher,, prospect hnd very grave misgivings na sort of showing our figures make when

na

we

allars, and pressed a Hongkong

cet-

were faced with the tainty that, unless a fall set in, the davisend could not be maintained at ita present level. It la of no con solation to the holder of a dollar share to know that his dividend in worth more in sterling, but, that would have been the only comfort we should have had to offer.

HARD BLOWS

cern,

dividends in

and its sister con .This Comm

The Canton Insuranes Office, Ltd, are two of the few local com panies which, while trading very in sterling und sterling

countrics,

show their ani

their pay Hongkong dollars and we have had and many shrewd blows over the last Lawenty years, during wh.ch period our accounts have been shown at exchanges varying between a high of 1/10 in 1920 and a low of 1/14, in 1931. We are hopeful, however, with our local currency now more or less pegged, that we can proceed more quably and be better

able to foresee what lies ahead of us.

urn reviewing the accounts, so much turns on exchange that comparisons are of little or no value though this will not be so in future, if our local dollar romains round about its present

|sterling value.

The premium income for the year now under roviow, is the highest wo

have had, with the exception of that for 1920 when our sterling was con- verted at 1/1d. The improvement ia entirely due to our starling opera tions, as income from China and local! sources shows a serious decline and one which we are unable to check under present conditions of trade in this part of the world.

SOME COMPARISONS

CANTON'S HUGE CLAIM

SEEKS $95,000,000 FROM NANKING

MILITARY EXPENSES

Londen, Mar. 26, Efforts are again being renowed by the Canton Government and the Can-] ton Chamber of Commerce to recover from the Nanking Government the stupendous sum of over $95,000,000, which is claimed to be a debt owed to Canton since -1920 whon the

Anti-Northern Expedi Kuomintang's

Thu tion was organised and started. money was raised through three

iamres and several lottery bond loans to france the military campaign

big

ALHAMBRA THEATRE

NATHAN RD ROWLOO

TO-DAY ONLY

LOVE AT THE THROTTLE AND DEATH LURKING 'ROUND THE

CURVE!

George O'BRIEN

WHISPERING

the incident. He stated tint about which resulted in the overthrow of the SMITH Speaks

1 p.m. on March 24, a small boy was cleaning shoes outside his shop when an Indian constable approached the boy, caught hold of him by the neck, ❖ARY RELASYONİAL

DYNAMITE BLAST KILLS 30

Disaster In Mexico City Station

Mexico City, Mar. 26. A load of dynamite ex- ploded in a railway station near here, the station and surrounding building being destroyed.

The total casualties are not yet known, but it is re- that thirty were ported killed.

The dynamite was on its way to local mines for blast- ing purposes.-Reuter's Bul- lelin Service,

A

the Northern regime and to establishment of the National Govern ment at Nanking.

the

According to an official estimate the debt totais exac

exactly $95,200,913.80, re- presenting the Finance Ministry's 1st, 2nd and 3rd Lottery bond saues and the Finance Rehabilitation bands amounting to $22,084,078.25. Central Bank note issues amounting to $35,233,042, loans to the Finance Ministry amounting to $31,030,283,28 and unpaid interest amounting to 30,910,211.36.

Canton's request is that if no cashi is avaliable, the Central Government ought to at least issue to Canton Ita now Consolidation bords in exchango for the old bonds which it issued in the anti-Northern Canton prior to Expedition.

Mars several past years During the attempts have been made to get the Central Government to consider

but refunding to Canton,

without When the Canton delegates results. wore in Nanking last year attending the Fifth National Congress a renew ed petition was cabled to Nanking, but it also failed to bring the desired remalt.

A

DELEGATION FOR NANKING The Kwangtung Provincial Assemb ly after a lengthy discussion on the dele. matter has decided to send a

members →JURUNANKENNISSEN DANSgation, consisting of five

the. Assembly, to

to Nanking to press the steps squeezed him and struck him.

Financo Ministry to consider

Canton. pedestrian, whom witness identified as

for repaying the loans to defendant, remonstrated with the con- The delegation is expected to be in 10 and during stable of his treatment of the young- Nanking on April ster, but was told to keep quiet. The their stay in the capital they are ex- the constable also struck défendant, and

pected to present a petition to when dufondant continued to re- Central Kuomintang Headquarters! monstrate with him, arrested him and and the National Government and to Look him. to the Central Police discuss the matter thoroughly with officials of the Executive Yunn,

Station.

High

of

The constablo alleged that witness particularly the Minister of Finance, was telling lies and said defendant had sent someone to tell the witnearing to Canton at the end what to eay.

Mr. Balfour: Defendant is dis- charged. I want to charge the con stable under the Magistrates' Ordin, ance for felag evidence in the box. It it a very bad case. Wrongful arrest and assault on defendant. The Con- stable should be put on the report.

Inspector Mist agreed that it was a bad case. The constable's salary, he added, was between $25 and $30 a month, depending on his period of service.

Mr. Balfour then imposed the fine mentioned, and sald. It could be paid in instalments of $10 a month.

When compared with the year 1933, ing granted to members of the staff loases work out at 49,38 per cent, as

worked well during the

DIFFICULT TIMES.

from

It is understood the delegation will ask the Central Authorities to send a cash remittance to Canton, falling which they will suggest as a minimum demand that the Ministry of Finance issue to Canton its new Consolidated bonds in exchange for the old First, Second and Third Lottery Bonds as well as the Finance Rehabilitation Bends and to pay by instalments all the interest in arrear.-Router.

GERMANY MAKING NO PROMISES

INTERPRETS TREATIES AS SHE BELIEVES

Berlin, March 20, Official circles decline to comment on Mr. Anthony Eden's speech in the House of Commons,

Unofficially, the opinion is express-

against 41.42 per cent, charges fell who have

year. from 43.04 per cent. to 40.44 per cent, the percentage of proit resulting being 10.18 as compared with 14.94. I do not think there is anything While a

profit of just over 10 per cent further that calls for special mention is satisfactory in these hard times, by me. Business is no less difficult it does

not

represent a huge sum on with us than in other lines of com our income and it is the problem of merce; when times are good insured Increasing this last,

lines, sound on

do not worry too much about rates, that is our ever constant problem, but in loan times such as the present The figure of interest has risen everything in cut to the bone ani,

$399,571.74 to

to $477,820,87, this unfortunately, there is no resurrec

of insurance rates, being due almost entirely to our tion in respect sterling investments, income from which if once down never come back.

od that Germany could hardly under- local securities having improved by After the resolution which

take not to fortify the Rhneland, only

$21,760.32, though, I suppose, we about to propose has been duly second- should be thankful that it has risen ed, I shall be pleased to answer to because it would be unless to have

the best of

of my ability any questions troops there without protection

Reuler. The balance at crodit of Working that Shareholders may wish to ask.

INDEPENDENT STAND Account for 1936 is $753,110.76 an now propose the following resolu

Leipzig, March 26. nprovement over the carry forward tion: That the Report and Ac-

"We interpret treaties as we think for its predecessor, also after twelve counts, as presented, including the right, and we do not submit to the

It payment of a Dividend months working, of $124,002-75.

of $11 per won about the final result but vestment and Exchango Fluetuation Adolf Hitler in a speech here to-day. be premature for me to say share, an addition of $100,000 to In- judgment of others," declared Herr.

at all.

we are hopeful this account will run off leaving a balance that will

allow

of the same, or perhaps an increased,

distribution to shareholders.

The

Wo

i

All

an

Account, the transfer of $122,910.82

pleasure in seconding the resolution.

to the credit of Reinsurance Fund, and the payment to the Staff of 16 per cent. upon their salaries be adopt- surplus to dealt with now is ed, and passed."

be $002,710.82, the balance of Account Sir William

am Shenton: I have much 1934, and we recommend the payment

The Chairman: Thank you very of a dividend of $11 per share absorb ing $440,000; the appropriation of much- Sir-William-I-am afraid thi $100,000 to Investment and Exchange Is the last time I shall have the Fluctuation Account and the balance pleasure of hearing you do this. of $122,910.82 to Reinsurance Fund.

The motion was put to the meeting notice You will

that

have

and carried, oliminated the bonus of $1 per share

OTHER BUSINESS and included it in the figure of dividend.

"WAIT AND SEE" It may be thought that some in- might have been made in respect of this year's distribution, but your Board fool that it would be well to wait and see how things go; In 1829 our revenue from interest was over $630,000 and yet in 1933 it fell

Inkhs. We do four

want not under to

increase that can to recommend any

So maintain continue in a sound The roservOS

one calling for & Fleming as position, the only mention being the Investment and Exchange Fluctuation Account which

crease

motion opted.

-Reuter.

ZEPPELIN

RESUMES VOYAGE

REPAIRS EFFECTED.

TO NEW SHIP

to

Berlin, Mar. 20,

•IRENE WARE. KENNETH THOMSON Directed by DividHeward

A Fox Release

STARE

TO-MORROW

The Modern Conaration's Most Exciting Dramatic Event!

THE GIANT HIT!

The grea

love story

You have

·waited 2 years to

Ted on the

Karate COLMAN

A TALE OF TWO CITIES

with a cost 49,000 includingt Elizabeth kitam » Elba May Üllow Reghald, Owen • Basil Rathbone Be Yurke – Huery 1. Walhall

* Mcbo Gothryn Mayer net

4 SHOWS DAILY

At 2.30, 5.20, 7.20 '&.9.20 p.m.

TO-DAY & TO-MORROW THE BEST PIcture of 1935 ! AWARDED FIRST PRIZE BY ACADEMY OF MOTION PICTURE ARTS AND SCIENCES AND ACCLAIMED THE BEST PICTURE OF THE YEAR BY NEW YORK CRITICS'!!!

Their love was the flaming crucible that set ablaze a city's mob-mad fury!

The

With

The most as tounding drama

the screen has produced!

VICTOR MCLAGLEN HEATHER ANGEL PRESTON FOSTER. MARGOT GRAHAME Wallace Ford Una O'Connor

RKO

RADIO Picture

from the novel by Lem-O'Flaherty,

Cliff Reid, Asso clate ProduceA

Added Attraction; "RAINBOW PARADE" Colour Cartoon. SUNDAY AND MONDAY, TWO, DAYS ONLY! MARION DAVIES and DICK POWELL

IN “PAGE Miss glory”

TO-DAY & TO-MORROW

A Warner Bros. Picture.

MAJESTIC

Cari LeamCLEAN presente

EAST

OF

JAVA

starring

At 2,30, 5.20,

7.20 & 9.20 p.

CHARLES BICKFORD

in Universal's Amazing Adventure Drama)

FRANCIS

LEDERER

...in

"THE GAY DECEPTION

FEI HANG MOTOR CAR Co. 28, Des Voeux Road C.

Mr. J. Fleming: I beg to move that Sir Robert Ho Tung, Messrs. C. Bernard Brown, A. If. Compton, L Durbar, Felix A. Joseph, T. E.

The airship, Hindenburg, which is SUNDAY:- Pearce, J. H. Taggart and S. T. Wil- Hamson, who are retiring but offer

a four-day cruise over themselves for re-election, be re-undergoing elected to the Consulting Committee, Germany, accompanied by the Graf

Zeppelin, has resumed her journey. I have pleasure in Mr.. 8. H. Ross:

it is officially explained that the seconding the

trip was interrupted because it was The motion wax

part of the exchange I beg to propose the necessary M. H. Lo: I

equipment airahlp's technical re-loction of

of Micssrs. Lowe, Bingham & Matthews auditors at a remunera- the Hindenburg was caught by agent

and Perey Smith, Seth Previously, it was reported that on]

leaving the ground at Friedrichshafen Los of $1.500 each per annum.

Mr. II. J.

arts to be buckled Router Special. the motion. Beconding The motion was adopted. respectively. This shrink- £561,038.72

mal causes age is due partly to normal

The meeting was then closed. Those present werg Masers, the but still more to our drastic writing down of all investments of which we J. J. Paterson. (Chairman), C. are in any way doubiful; much may Bernted Brown, L. Dunbar, Felix A |bo considered as meroly Roary

not

shows falls of £60,950. 14. 10 and pleasure Amstrong: I have much of wind and bumped, causing several

and wo, aro. more than

NEW SHIPPING ORDERS

London, Mar. 20. ~ Messrs. Harland and Wolft have re- T. E. Pearce, J. II. Taggart, ceived an order from the Union Castle that, S. 1. Williamson (Consulting Com-Line for a sister ship to the 25,000- ton passenger motor vessel, Stirling Castle, and for two cargo vessels of 8,000 tons each for the South Ameri- can Servico-British Wireless.

sooner or later, the balk, if not the mitoo). E. M. Itaymond.: M. H. Lo, whole, will come back to us. I trust H. J Armstrong, Sir Willam Shen you will approve of the usual bonus ton, J. Fleming, S. H. Ross and M. W of 15 per cont, on their entaries bo-Lo (ehareholders),

Tel. Nos, 22188 & 26391,

ATTRACTIVE MOTOR CARS FOR HIRE

PLYMOUTH 1936 MODEL SALOON CARS

"CHEAP RATE FROM 50 CENTS PER MILE, BRANCH: 156 Hennessy Road, Wanchal.

Printed and Published for the Proprietors by FREDERICK-Pr FRANKLIN, at 1 and 8, Wyndham Street in the City of Victo Hongkong,