1936-03-27 — Page 7

PROVIDENT U.S. Business

COMPANY OUTLOOK

May Carry

Bonus Costs

TRANSPORT SERVICE FOUR NEW SOURCES

DOING VERY WELL

SHARE CALL NOT FAVOURED

A pront of $191.48, compared with a loss of $30,000 in the previous year, was reported-by the director of the China Provident Loan and Mortgage Co., Ltd., at the annual meeting of shareholders held in the Jacobean Room of the Hongkong Hotel this morning.

Mr. C. A. da Roza, Chairman of the Board of Directors, presided at the meeting, others present being the Iton. Mr. J. P. Braga, Messrs. S. M. Churn, P.

M. Hodgson, N.V.A. Croucher (Directors). J.L. King Secretary and Manager) and J. Tam Hung.

OF REVENUE

BILL RUNS TO MILLIONS

Washington, March 20. The tax programme by which organised business may be burdened with the cost of the Veterans' Bonus and Farm Ald programme, is now ready for hearings in the House of Representativas...

The estimated revenue from this, programmo Inlls $346,000,000 below) President Roosevelt's three year plan for balancing the ordinary nudget.

However, it embodies the main essentials of his corporate profits and the recapture tax on divided of the processing taxes, ut omits his suggested new processing taxes,

Daughton said that night bearings will be held on the Bill if necessary so that it will reach the House by April 15.

The full Ways and Menna Com- mittee received the report on the Bill Addressing, the meeting, the Chair-today and Representative Robert I.. man said: Although the nett proilt re. corded for the past year in small, some calisfaction is to

nimed from comparison, with the figures which were presented to you for the year 1934, when a loss of some $39,000 was shown. The your review has on a further decrease in

be

Dow

THE HONGKONG TELEGRAPH. FRIDAY, MARCH 27, 1936.

Dust Storm Ravages

HEAVY DAMAGE IN

י.

MIDDLE WEST

Hey,

Kansas City, Mar. 26.

The worst dust storm of the season to-day sent thick clouds of gritty yellow dust from the Texas und Oklahoma plains to lown and Illinois. This has dampened the hopes of a bumper wheat crop, has created! traffic hazards, grounded aeroplanes and whipped the top soil from the richent lands in the mid-West.

Thirty-Ninth World Cruise

PRESIDENT HARRISON. IN HONGKONG

CHIEF PURSER LONG AT SEA

|

RADIO BROADCAST

Daventry Description Of The Grand National

TALK ON THE RACES

From ZB.W: on a wavelength of 355 metros (845 kilocycles):

4-7 pm. Chincas Programme. 6-6.30 p.m.. Children's Studio Concert.

7-7.25 p.. Symphony No.

in A Major (Mendelssohn). p.m. Vocal Gems, Three Musketeers; Planso

The Dollar liner. President Harrison Which arrived here this morning from Amerien on her way to New York vin Singapore, and Suex is on her and a dozen other towns was reduced Boston.

The visibility at Tulsa, Kansas City 30th trip round the world. It endis at to only a Pedestrians

few hundred yards. The liner carries a large number breathe through their handkerchiefs, Tyson, a Director of the Dollar Lines Teacher.

nre being forced

Tho to of passengers, including ir. James

dust, has created mud showers

Water in gullies, mixed with the and owner of the Nelson Steamship in Company, who is going round the Western Kansas.

world accompanied by Mrs. Tyson.

ship, however, is Mr. Bingham

aboard the round-the-world Muller, the Chief Parser.

4

F.

that the storm is moving, north-east

Weather observers' reports show tonality the most Interesting per- i soll to an altitude of six thousand from the south-west, sucking the top feet where it is being whirled across the country by terrifie United Pres.

Nazis Expect

The new tax plan is very luvalved 100 Per Cent

and the raimuted yield is uncertain.

It is estimated that the first year will yield $700,000,000 and suversting Years 8061,000,000. for

under

7.50-8 p.m. From the Studio. "Book (toviews" by A.D.

8 p.m. Time and Weather Report; Stock Quotations.

A.OG-8.10 p.m. (Liszt).

"Liebestraum("

8.10-8.20 p.m. From the Studio, "To-morrow's Racing" by Valley. 8.20-8.30 the

p.m.. Three Songs by Gracie Flelds,

sembles a picture gallery, for

Mr. Muller's cabin somewhat re winda walle are lined with photos taken when the President Harrison left Los Angeles on her trip East. The ocea sien was a bright one when a band ied by it. M. Roberta the Musical Conductor of the University of California, and a great crowd of friends came to the wharf to welcome Mr. Muller back to tho sen. The Chief Purser had been many times round the world but a little over a year agd joined the passenger de- partment of the Dollar Line in New Yark. The esteem in which the com- pany holds him can be gauged from the fact that during his year of office he decided he would like to go back his district by 68 per cent. But then Mr. Malleg Improved the business in

to his ships, and so he went back to pursering

Poll Backing

Berlin, Mar. 26,*

hundred per

the volume of cargo received

From the graduated tax on undivid turage the move the Ptringent et prente $51,000,000 ja expected an

due to

from the

precoRS- economics in administration cost tax $100,000,000 annually; alirect which were effected by your Board

Bard surce tax of 22% per cent, on towards the close of 1914-the

Germany expects benefit of which was obtained during stockholders is expected to yield $25,Sunday, and no stone is being left fall paration dividends payable to foreignent poll in the General Election on the year under review. The yalume 900,000 and, lastly, the continuation unturned to achieve this end. of business has not imprayed und of the existing continuance of the low level of stor will raise $82,000,000 anneally

prošla tax nge rates on cargo, offering, together Buited Prem, with savere competition, have proved. to be the outstanding features of the year's work.

LACK OF CONFIDENCE Whereas in previous periode of low exchange rates, A1 Improved trading situation developed allowing strengthening of storage rates, the recent decline of exchange to the present basis has not yet produced the improvement which was confident- ly anticipated in some quarters, nor Are there any indications of

greater confidence amongst

merchant friends in the early restoration af conditions of trading, particularly in volume, which have been enjoyed in the past.

13

our

ما

exceza

Sells Pencils To Asia

BUT NOT MANY TO

HONGKONG

On his sixteenth visit to the Far East Mr. A. J. Okis arrived in Hong- keng to-lay from Manila. Mr. Okin, who represents the American Lead Pencil Company, la known in Manila and Shanghai an "The Pencil King".

Polling stations have been establish

coinc,

HO

1. You and the Night and the Munie; 2. Erbert Enery Eppleth- waito: . Things might have been

diff'rent, 8.30-9.20 p.m. A Relay from Daventry, 8.30 p.m.

The B.B.C. Dance Or chestra, directed by Henry Hall. (Copyright by Ileuter).

9 put. Daventry News Bulletin 9.20.9.30

Orchestra

cert

Columbia Con-

diana Sweetheart (Ilanzen);

Love In Idiences (Macbeth); In- Trailing Arbutus (Friedman).

The

9.30-10 p.m. From the Studio. "Half an hour of Engilah Music." Singer-Mrs. J. Anderson Miller (Soprano). At the Piano-Lindsay A. Lafford.

Programme.

ed in the smallest villages and hamNew York he was given a royal wet. On arrival at Los Angeles from lets, and even in mid-air.

Over a hundred and fifty passengers made

given a key to the city and 1. Pence, thou fairest child of and crew of the Graf Zeppelin and Society, the Health Club, the Break rigal

a member of the Sea Dog Heav'n....Arne; The Cuckoo Mad- the Hindenburg, who are undergoing fast Club, the University Club and Wood....Mrs. J. Anderson Miller; 2. (Irish folk Song).....arr. a four-day cruise over Germany, will the Elku Association. Ife received Plano Solos-Selected.... Lindsay A. vote in the air-Reuter's Rullefia letters from the Chamber of Com-Lafford; 3. Bo early in the morn Service.

merce and the Mayor of the city and in Vaughan Williams; Lullaby.... Frank Bridge: Silent Noon Cyril Scott....Mrs. J. Anderson Miller; 4. Plano Solos Selected Lindsay... A. Lafford; 5. Where the bee sucks....Sullivan; Love went n- riding....Frank Bridge....Mra. J. Anderson Miller.

TWENTY NOW IN CUSTODY

FUHTAN UNIVERSITY PROFESSORS HELD

Shanghai, March 27.

It is understood that the arrests at Fuhtan Univeralty, whose stud- ents have been fighting with police for the past three days, now total about twenty.

the whole of the reception on dock was broadenst.

welegmé

the

"It wasn't a publicity stunt," says Mr. Muller. "My friends just got together and decided to give me a back to the West Const." To judge from the pictures which

enthusiastic one. now adorn the Chief Purser's office the welcome was a thorough unt

10 p.m. Big Ben: 10-11.30 p.m. A Relay from Daventry.

Alen un board is Dr. Florance II. Frankel, a physiciar in the New York relayed from Claridge's Hotel, Lan

10 p.m. Geiger and his Orchestra, State Department of Labour and andon, interested worker in the Development

of Women in Indure and Minimum talk by Howard Marshall.

10.20 p.m. "Under Big Ben."* Wage divisions of Läht department.

Marketing difficultos and

A total of about 300,000 pencils ferential treatment in the matter of are bent every year to the Far East duties accorded to a large proportion Mr. Okis Company, of, the Imports into South China have

Mr. Okis is very satisfied with hin combined to depress

truders into

trip-but not with Hongkong. *present [ state of comparative inactivity. Our "I'm afraid you couldn't sell enough Working Account has been substantial penells here to buy doughnuts!" he

BRITISH FILM INQUIRY ly assisted by improved profits from bay in small quantities where firms eluded in the list of those allegedly

from said. "That's because they prefer to both Shipping and Motor Transport in other cities will often

One or more professors are in-

London, Mar. 26, Departments, which,

A Committee presided over by Lard which, apart

their

give an in custody. They are contributions to our storage business.|| arder for a year's apply."

suspected Moyne has been appointed by Communists.

tho have shown a satisfactory development

поля production

Board of Trade to consider the posi during the past year. The public has ells in Japan does not worry Mr.cided what to do with these arrested the approaching expiry of the Cinema The authorities have not yet detion of British Bims, having in mind duce a cheap pencil in Japan but will be taken. Okis. "For," he says, "they can pro- when they want a really good one

but it is unlikely that drastic action tograph Flis Act, 1927; and to ad- they have to buy from overseas."

vise whether any, and, if so, what measures are still required in the public interest to promote their pro- duction and exhibition.-British Wire. leas.

from

been quick to realise the advantages of dealing with a transport service which maintains a complete organiza; tion of its own--fully equipped giving efficient and courteaus service, offering unique facilities for packing and shipment to all parts world, and embracing. Customs clear- unce and delivery at destination.

Even the

of the GREECE MOURNS

At the Inst Company's Auditors were re-elected

annual meeting, the

at a fee to be deelded, upon; and you}

VENIZELOS

CRETE

n

RED INVASION CHECKED

of

One of the policemen who was wounded in the fighting between students and police has tied of his injuries.Render.

DAY BY DAY. NEWS IN BRIEF

WOULDST THOU

Balfour at the Central Magistracy GOVERNMENT FORCES

IN CONTROL

"

Nankiu, March 27. Reports that tungtung and Linfen,

ал

A

10.30 p.m. Geiger and his Orches tra continued.

10.50 p.m. "The Grand National," described in two parts as follows: by R. C. Lyle, (from Messra, Topham's private stand (for that part of the course on the grandstand aide of Becker's and Valentine's Brooks, and by W. Hoghiss (from the course, including Becher's Brook, the Turn) for the remainder of the Canal turn, and Valentine's Brook. Relayed from Aintree.

11.30 p.m. Close Down.

Canal

DAVENTRY PROGRAMMES The following wavelengths and frequenci are observed by Daventry.

Call Biza

Frequency Wavelength 49.59 metre 11.45 t 11. merma 11,918 k.. 10.49 metro 11.045 ke. 25.23 metro 15,160

1983 metros 10.80 metru

4,040 k..

0.810 k..

1,345 ker

GRA

csn

CBC

CRE

GUY

CSC

17,71 ke..

GRI

20.410 ka.

C81

15,300

CSL

21,210 k...

13.37 metres 19.46 metros 13.93 tren **

49.14⚫ matres

8.110 be. Transmission 1

(0.8.N. C.B.D., GEJ!

2.15 p.. Big Ben, Talk: “Foreign Affair."

2.30 pm. The Composer at Manoforte-8!

·Mamilion arte. A recital

Sumition Harty's songs,

衅

2.6 p.m. A Reading from “Bintaleonces

of an Irish R.M.“

3 D.IN. Male Interide.

Greenwick Time Dignal at 9.16 p. 2.13 p.m. The Bentley Ceillery

Biler

Iland.

4 p.m. The News and Announcements. 4.20 p.m. Chess Sawn.

Transmission 2

(0.3.3, 0.8.0.) 7 p.m.

Big Brn. The na.c. 1+Zah

Orchestra. 1.45 - A Rectal by Frederick Hall

Greenwich Time Signal at pm.

4' pan.

6.20 p.m.

**The Parish." by play by August

Birindberg.

The 11.B.C. Dance Orchalte. p.d. The News and_Announcements.

1.20 p.m. Braas Hand Concert. 1.45 pm. Cleve dawn.

Transmission 3

(0.8.0 0.&E.)

10 pm.. Tig Ben, · Gelger and bia Or

chestes,

10.10 p.m.

10.33 p.m.

Under, Big Ben," Gelger and his (cunt'd),

10.5 p.m. The Grand National

With regard to the Balance sheet, gentlemen, the main items of interest remain unchanged-the exception De ing Bank Overdraft which is some

REMAINS REMOVED TO OBSERVE THE ACTIONS OF OTHERS. Baturday, at Repaiso Bay Hotel, but KNOW THYSELF?, There will be no Dinner Dance on $27,300 lower than 1934. The amount involved in loans at the close of

WOULDET THOU OTHER MEN KNOW? the usual les dance will be helt on Look THOU at December 31 totalled $10,262, but

WITHIN THINE OWN Sunday, at 4.30 p.m. those

are of a transitory nature and

HEART-Schiltër. Athens, Mar. 26. have been substantially reduced since Corinth canal as the remains of M. itage erowls lined the banks of the

In connection with the cabaret The Rev. Mother Superior, Canos- dinner dance in the Peninsula Hotel the clone of the

Contin- Venizelos were conveyed in accounts gency Reserve Account has received stroyer en route to Crete.

desian Institute, regrets to announce to-night a late Ferry will run from

that the play which was intended for Kowloon at 2.16 a.m. a transfer of $2,000.00 which was

The faro in 20 provided in the first instance for a

Weeping women cast flowers in the next Monday at 11 a.m., will not takes cents per passenger. son ne the destroyer passed. contingency under Los

The place at that hour, but at 2 .. Reserve Government has ordered to-morrow to Loan which

instend no longer exists. Sundry be observed as a day of national

The forthcoming wedding is an- Debtors Accounts amounting to about mourning. All normal activities will

nounced of Mr. Tsoi Man-sten, mer- $13,000 have since been reduced to be suspended. Bratry Bulletin Chung-tal, alicia Pau Shiu, who died Tong, and Miss Nella Lee, residing at The late Mr. John Pau, alina Paul chant, of Norfolk Road, Kowloon approximately $6,000 at this inte. Service.

With regard

at 25 Canal Road West on December 21 Fung Fai Terrace, Happy Valley. to Investiment Ac- count, it will be noted that the estl-

5, 1934, left local estate valued at mated market value at December 31,

$17,400. Probate of the will has been i A woman, Kwan Yuet-ngo, residing 1936, of our investments

was $53,

granted to the widow, Tong Ol-lin. at No. 9 Tal On Terrace, was ad 184.00 compared with a book value of

mitted to tho $129,670 but with an improvement in

Government Civil Admitting the theft of a card-board Hospital yesterday morning suffering quotations since the date of the ne-

suit-case and some articles of clothing, from concussion as a result of a fall counts, this difference no longer

Hon Chuen, aged 30, unemployed, was from a window at the above address. exists, and there are indications that

sent to prison for two mantha by

She died at 6 pat Mr. ultimately a profit on the book value will be realised.

this morning. The complainant wax Mr. Balfour at the Central Magis- Ng Kan, aged 31, foki of the King's tracy this morning

granted Restaurant. Sub-Inspector J. Walsh application made by P. C. B180 Jiwan appeared for the

Singh, for the confiscation of an Prosecution. will note that in the present accounts in South Shansi, have been captured

automatle gaming machine, seized by their fees are stated as $1,800, a re-

A fine of $5 was Imposed by Mr. him about 6.30 p.m. yesterday at duction of $700 on the uld rate. Their by the Reds are denied in nutharita- Balfour at the Central Magistracy Gough Street, where it had been action in amelating themselves witetive quarters here.

this morning on Chan Chi-kwong, abandoned by persons unknown. the general desire to economise, by that four divisions of Central Govern- Aberdoon Industrial School, for riding! Six Inmates of No. 22 Mercer Street

A responsible spokesman declared aged 20, a drill Instructor at the agreeing to this reduction is greatly ment troops have arrived at Linshih.a push bicycle in a dangerous manner were admitted to the Government appreciated.

north of Hungtung. He added that by having both hands off the handle Civil Hospital yesterday suffering NO SHARE CALL

the Government could now adequately bar of the machine at Des Voeux from food poisoning. Their cases are Before closing my remarks, I woukk

cope with the situation-Renter Road Central near Rumsey Street. not regarded as serious. They are Ng lika to refer to the matter of our

Sub-Inspector J. Walsh prosecuted. Hol, 40 years, Yu Lee, female aged mortgage and overdraft Indebtedness. It has been suggested by certain Rt. E. Lindsell, Acting Chief Justice, man, appeared on remand before Mr.fomale, aged nine years, and Lt Sung,

The many friends of Mr. Justice

40 years, Ng Lung, 10 years, Ng Yuk, Sia Ching-chiu, aged 30, a watch-female, aged 12 years, Ng King, shareholders that the Company should will be sorry to learn that he is at Balfour at the Central Police Court female, aged 16 years. call up the balance of

present in Victoria Hospital, suffer this morning on a charge of posses with

sig from heart trouble. His Lordship sion of 170 counterfelt colns. ducing this Indebtedneza and was suddenly taken ill about two days P. H. Sin appeared on behalf of W. Barnett, formerly of the Hongkong Geneva

Mr The friends in the Colony of Mr. R. Paria saving outgoing interest. In the ago, and although he is progressing accused and asked for a date to be Telegraph, and now of 69, lollow Berlin. auch a course is not to be recom

Board, however, favourably, it is understood he will Bixed for hearing. Detective Sergeant Way, Cowley, Oxford, will be interest Milan.

remain in hispital for a week. mended at the present time,

Gulld was for the police... The case ed to learn that a son was born to Athens. view of the existing depression and

was adjourned to 11.30 am, on Tues him and his wife on February 20. Shanghai: also in view of the fact that, even were I shall be pleased to answer

day, March 81, Lail in the sum of Mr. Barnett, who is working with New York. such capital called up, the resultant best of my ability any questions to the

$400 being allowed,

King's Motors, was married early Amsterdam benefit by saving in interest would having relation to the Accounts which

last year The baby is therefore one Vienna. be insuflelent to enable the Com- you may care to ask.

Sentence of a month's hard labour children, with a birthday every four Bucharest of the select band of Leap Year Prague.. pany to pay a dividend-without an

was imposed on Chan Ling, aged 40, Improvement in the general revenue Chairman's proposal

Br. J. Tam Hong seconded the unemployed, when he appeared before years, of the Company from its ordinary carried unanimously,

which

Mr. Balfour at the Central agistrat On instructions from his Govern-

Madrid. business undertakings.

this morning, charged with the theft

Lisboit I do not think that there are any

NO OTHER BUSINESS

rn Hongkong. of a brass kottle, two choppers and a ment, Major, further items in the accounts, which reconded by Mr. J. Tam Hung, Mr Street, first floor. Sub-Inspector Jmissioner, will be proceeding to Monte Video

Proposed by Sir, D. King and brass lille from No. 13 Wing Lok Canadian Government: Trade Com-Brussels,

E. Durios, M.C., M

Bombay call for comment, and I therefore C. A. da Rose and the Hon. Mr. J. Wal propose:That the Report and Brags were re-elected directors into the premisce as the door was April 3, in the interests of Canadian Yokohama. Accounts for the year ended Decom

nish stated that defendant walked Canada on the Empress of Canada on Belgrade, ber 81, 1005 as presented be adopted: Messrs. Perey Smith Seth and prison for two months for unlawful will welcome, any suggestions from Rie..

Mossrs. Linstead, and Davis and open. A coolio, Li Wah, was sent to trade in this territoryMajor Duclos Montrea and that the sum of $68,814.20 to Fleming were re-elected auditors of possession of a beans part of a walsh local forms desiring. Canadian connee Silver (Spot). carried forward to 1908 Account the Company on the proposal of hiring machine at Ko Shing Street. De tions. During his baence, Mr Bliver (forward)

Ia shareholder, will be good C. A da Roza, Decanded by Mr. P. M. fendant stated he found the article on Kenneth F. Noble will be in charge War Loan enough to second that resolution, Hodgson.

board a steamer one a lig

of the Hongkong office,

tal

opinion of your

now!

Orchestre

11.30 pan. The B.UI.C. Dance Orchesten. diverted by Henry Efall

'11_.. "Peacock Paradise.”

Greenwich Time Aigual at 12.39 v3. 11.39 n.. The News and Announcements, 11.30 am. The Hotel Metropole Orchestra.

.. Close deva

EXCHANGE RATES

March 25. Márch 26.)

74.03/04

16.16

.12.31.

.62%

518.

.1/20/18

K

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家

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Que

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By Appointmeni je

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HONGKONG

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