1937-03-31 — Page 19

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CEMENT COMPANY OUTLOOK

EXPORT BUSINESS IMPROVES

SIGNS OF PROSPERITY

High hopes for the future prosperity

CHINESE ESTATE

CO. MEETING

LESS PROFITS

LAST YEAR

A net profit of $92,575.74, which was $2,774.20 less than that of the pre- vious year, was reported at the 14th ordinary yearly meeting of the Chi- nese Estates, Ltd, held at the China Buliding this morning under the chairmanship of Mr. Leung Kwal-tin,

The Chairman said?

anida

The net profit for the year, after on China Buildings ($40,000), providing for Reserve for Deprecia-

of the Green Teland Cement Co-Directora and Auditor's Fees and all pany, Ltd., were expressed by

Mr.

Bes

THE HONGKONG TELEGRAPH.

SAILOR SINGERS PRAISED

HONGKONG HEARS DANAE'S ARTISTS

ZBW'S

FINEST

PROGRAMME

By "First Night"

$02,575.74, amounts J. H. Tuggari (Chairman of Directors)

added to $250,784.02 brought Sailors' voices lifted in old sea when he reviewed the past year's forward from last account, makes a chuntics, broadcast last night to working at the annual meeting of total of $343,350.76. The net pront Hongkong listeners through ZBW. shareholders this morning.

jess thon and do the world through ZBW-2, are for the In proposing the adoption of

Your is $2,744.20 the that of the previous year. This dita happy augury for future entertain- report ond

accounts, Mr. Taggari ference is due to a decrease of $10,- ment in the Colony from the crew anid:

of the cruiser Danae, On turning to the accounts you will

441.74 in rent receipts; but this has observe that the balance standing as been counterbalanced by savings in credit of profi & loss, after moicing of $4,100.82 and by the fact that your our overhead expenses to the extent the usual provision for directors' and directors have, with the concurrence puditors' Feen, the Company's dona- of the nuditor, made no additional tion to the King George V. Memorial provision for Reserve for Bad and Fund, and writing off Inoperative plant Doubtful Debts, for which $10,000 at Hok Un, amounts to $44,438.80 for had in the previous year been allocat- the year under review. Adding theed, salt is considered that the balance sum of $22,532.27 brought forward

ard of $30.000 brought forward from last from the year 1936, there remains year is ample for meeting all possible the sum of $60,000-17, out of which your director's recommend that 34.- 503.17 be appropriated to general re- serve, bringing that account up to a round figure of $950,000, and that the balance of $62,400.00 then remaining at credit of profit & loss. be carried forward to next year's account.

In dealing with the #gures 19 necessary for me to draw attention to the fact that depreciation has not been provided for in the accounts as presented, in which retation, and by way of explanation, I would add tha it is still the opinion of your board that, having regard to severe

the writing down of the company's assets In the scheme of reorganization under taken in 1934, further depreciation is unnecessary at the present me, particularly having regard to the fact that the general reserve stands at the figure, of $950,000 and consequently bears a 03 per raila on the tontra declining assets, as represented by plant at $851.020.93. und flouting craft at $108,381.43.

The Danne arrived in Hongkong this month to join the China Squadron after visiting Adelaide for the Southi Australian Centenary Celebrations.

Formed to revive the dying art of the singing of sea chanties, a ship's choir of 55 volees aboard the Danuc It has attained Empire-wide fame. bas sung to the publle in every im- portant port in the world at which the Dande has called since she left Englund on her long voyage to Hong- kong, via the Antipodes,

The conductor of the choir is the There have already been three puy-ship's schoolmaster, Mr. C. T. Lee, the Royal ments of interim dividends of $2 B.Sc., who has trained per share for the year amounting in Naval Singers at Portsmouth for nil to $0. Your directors are now.

three years.

requirements,

FOUR DIVIDENDS

pleased to recommend the P shi

account.

and

from

NO NOVELTY of a final dividend of $2 per making a total of $8 per share. This

Broadcasting is nothing new to the dividend is the same as that of last

Choir, ns it fins gained considerable year, and your directors trust that this will be considered by share fame, both with the B.B.C.

It broadcast holders as satisfactory. After pay-

ay. throughout Australia,

B.B.C. stations through

the ment of the final dividend, which (Droitwich, London, West and North absorbs $33,000 there will be ก

Regionals) as recently as July 28 balance of $211,359.76, which your directors propose, with your .ap-

last year, when it gave a 30-minute proval, to carry forward 10 new programme that brought forth

sheaf of appreciative letters It is with very deep regret that listeners,

15 Several

short-wave Hongkong your directors have to record the cent.death of Mr. Foo Yik-pang, who was

listeners probably first heard the founder of this Company, and had singers when they gave a 20-minute rendered invaluable service and programme of sea chanties through:

the Lyndhurst, popular ndvice to the Company, I should

Victorian short-waver. like also

'express my appre- In addition 10

10 broadcasting and ciation and thanks to the Secretary and other members of the staff for singing on the concert platform, the their loyal support and co-operation Royal Naval Singers have made during the year.

several

now

to

CASH POSITION BETTER Turning to the balance sheet I would draw your attention to the continued improvement in the cash position of the company and to the fact that The Chairman then proposed the during the year the credit balanceadoption of the report and statement with our bankers has been increased of accounts. The proposition

Was

to over $300,000. In this connection seconded by Mr. Lau Kwong-chung

I would add,

that

and carried unanimously. your

company has ACCOU

late these funds notwithstanding the fact that heavy commitments have

OTHER BUSINESS

Leongs for Columbia, Mr.

In each case.

from Last night's broadcast was 9.35 to 10 p.m., and was probably the best studio from ZBW. Actually, however, the ever given programme Chair could not be rccommodated in the studio, and the broadcast hd to

Cathedrai Hall. programme, remarkable in its

On the proposal of the Hon. Mr.be

WEDNESDAY, MARCH 81, 1937.

KING'S THEATRE

EARNINGS

IMPROVEMENT SHOWN

LAST YEAR

Despite continued competition from Chinese cinemas.and no decrease in Government entertainment tax, the China

and Land Entertainment Investment Co., Ltd.. were able to show a more satisfactory year's work- ing at their seventh annual general | meeting held in the King's Theatre Building at noon to-day...

Chow

RÁDIO BROADCAST

Variety Concert From

The Studio. RECORDED PROGRAMME

Radio Programme Broadcast by 2.13.W. on wavelengths of 355 metres (845 k.c's.), 31.40 metres (9.52 m.c's.).

4-7 pm Chinese Programme,

A Light Concert. The Hon. Str· Shou-son

So Sca

Fover (Ireland); in presided and the following were pre Summertime on Bredon (Peel) .......... sent: Messrs. Liang Chi-hau, Chang Stuart Robertson (Bass); 'Cello Solos

tendre Kwal-chong, Li Lin-chi, Li Jowson Gavotte

(Hillemacher): Pablo Casala; and George Y. Sun, (Directors) Menuet (Debussy) Messrs. Sun Wing-kong, Lee Kai-

(Denza). Song-Funicull Funicula Lam Yuen-fang, Li Kwok-

Grace Moore

Violin учен,

(Soprano); ying, LI

Solos-Large (Handel); Londonderry Ping-fan, Sun Gong-ting.

Chang Shau-shung,

Kwai-yuen. Air (Traditional).Albert Sandler; Chang Kwal-lin. Ng Kal-chun, and Songs-Gypsy, love (Lehar); Vienna Hong Shou-yln.

Bonbons (J. Strauss)......Joseph Schmidt (Tenor).

Li

The

will Chairman sut: -You notice from the Balance of working the In Account,

shown

that Profi and Loss Account, there

30 La An Increase of

we

wc were

7.30 p.m. Closing local Stock Que- tutions and Hongkong Exchange Market Report. 7.35 p.n.

Ambrose and His Orchestra.

per cent. in Theatre carnings af compared with those of last year,

Fox Trot-Free; Fox Trol-Wood which is an indication of a general improvement in business conditions and Ivory; Fox Trot-I'll step out of in the Colony. As stated last year, the picture; Fox Trot-Whotcho got- up against very keen cha trombone fort; Fox Trot-I'm all competition from theatres showing in; Fox Trot-Lost my rhythm, leat Chinese films which had so improved my music, lost my man; Fox Trot

Bye, large number

byc, Baby; Fox Tre-Until to- that they attracted of the Chinese cinema-going public,

8 p.m. Time, Weather und An- and the same remark may also

apply Chinese nouncements. many popular

8.03 p.m. "The Good Humoured theatrical plays. This competition has not abated during

the year Ladies"-Ballet (Scarlat-Tomma- under review, and the fact that we sini), Played by The London Phil- have shown an increase in theatre hormonic Orchestra, Conducted by earnings in spite of this factor cannot Eugene Goossens, but be regarded as satisfactory,

to the

day.

8.20 Music from Wagner's Opera "Die Meistersinger von Nurnberg."

Coming to our shops and ofices, am glad to report that these are all

Choral Da zu dir der Helland kam fully occupied, and the rent receipts

.Chorus Ind

Orchestra of the for the year show an increase of over 14 per cent. over those of 1935.

State Opera, Berlin; Bass Solo-Das AlexTM Fest, Johannistag..... schone ENTERTAINMENT TAX

under Kippis: Tenor Solo-Morgen- Account weich leuchtend in Risingen Schein In the Expenditure

further (Morning was gleaming)....Lauritz have been able to make a

Melchior; Duet-Mein Freund, In reduction of 15 per cent. ns

com Holder Jugendzelt. ....F. Schorr pared with that of the previous

Laubenthal (Tenor), In addition, the number of Directors (Baritone) have been reduced and they have accepted a reduction in their feet of one-third. Your Directors regret that they have not been able to effect any saving in Entertainment Tax, our several joint petitions to the Govern- ment for a reduction having met with no success.

which

8.37 p.m. Quartet,

And II.

The Lener String

Grosse Fuge (in B Fint Major). (Beethoven), Op. 133, Col: 3.7000/10, 8.55 pm. Londen News and An- nouncements. 9.16 p.m.

From the Studio. With regard to the item "Invest-Variety.

Gnaton Mary Gray (Vocal), in the Accounts. This was ments"

defunct d'Aquino (Vocal), John Nicholls an investment in the new formerly (Xylophone) and the Three Xi Cinemas, Ltd.. operated the Queen's Theatre. At torians.

.Gaston 1. Twilight Sonata...... rents been met throughout the year in ro- . H. Kotewall, seconded by Mr. La made from the more spacious St.

that time the distributors' film

d'Aquino; 2. Red Hearts.....John. amongst the exhibitors and there ins The

were forced up owing to competition Nicholls; 3. Goodnight Vienna.... Gray; 4. Roses of Picardy.. also heavy expenditure in advertising Mario, Josephine Gaston in the English and Chinese news-

d'Aquino; 0.

Rudy's Rambles papers, which did neither of us any ACU good. Your Directors, after careful John Nicholls; 7. No More (from

Cochran's Coronation Revue) consideration, made the investment to with our competitors and to relieve. Gasten d'

Gray; 8. Song of the 'Cello.. enable us to acquire some joint action Moonlight and Shadows.

saving

spect

of limestone deliveries obtain-Tak-po, Messrs. Fung Ping-fan and excellence, consisted of a Jolly Roger ed pursuant to the policy of your Leung Ting-kai were re-elected dire("Chudleigh

Candish"), Johnny Comes Down the Hille," "Billy Boy," "OP Man River," "Sallory' Chorus,'

on

board to augment the reserves of raw tors for the ensuing year. material from time to time, us and

Mr. Li Tung was re-elected as au- when market conditions so warrant.

ditor isun, seconded by Mr. Fung Ping-fan. Bilgine Run," and "Rio Grande."

the proposal of Mr. Li Yau-Blow the Man Down," "Let the Those present st the meeting were: Mr. Leung Kwal-tin (Chair-old with requests for a repeat: ZBW will almost certainly be in- man), Hon. Mr. R. H. Kotewall, Mr. 21. Yau-Laun, Mr. Lau Tak-po, and Mr. Leung Ting-kal (Directors), Mr. Fung Ping-fan (Director Secretary), Messrs. Fung Ying, T. M. Leung, Reginald Fung, Li Cheung and Li Ngoi (Shareholders},"

As previously mentioned, the gen- eral reserve now stands at $050,000, the main items contributing to the increase during the Onancial perlod being the proceeds from the sale of shares in the name of defaulling shareholders, representing $12,084.10. together with the proft accruing over and above book values on the sale of the Macao plant, $8.002.25; and the proposed appropriation of $4.583/17

account, from proft & loss

which latter amount is subject to the op- proval of this meeting.

MACAO PLANT CLOSED

Shareholders will doubtless recollect that in the speech from the

chalr last year I made mention of the fact that there appeared to be lite hope of conditions improving in Macão, and foreshadowed the necessity for your board to

to give consideration to the permanent closing of our under- taking in that colony.

and

EXPECTS STABLE SUGAR PRICE

New York, Mar. 30. The expert Mr. F. A. McCaffrey, expects the London Conference stabilise the world price of sugar.

Je believes the conference should have the tendency to put the market

D healthy

物

Press.

condition.-United

CLOSING JESUIT SCHOOLS.

ANOTHER PHASE OF NAZI-CHURCH WAR

Mary

*

us of compellon and expenditure, the Goodby; 10. Why is there

30 CENTS DIVIDEND

ever

arr

* Mary Gray; (Carc- result being that we effected of approximately $1,500 a montly less Ropture); 11. Hitin' 'em up..

..John Nicholls. Unfortunately owing to slack business

10 p.m. Big Ben. Light Or. Cinemas, Ltd, was forced to cease

chestral Music. -operation-and-the-Queen's Theatre che was closed suddenly for a ume until In the Temple of the Bells (Yoshi---

tomo); Chinese Fairy Tales (Dreyer, taken over by a new concern..

Yoshitomo)....Marck Weber and His Orchestra; With the Classica

• Crockest T

Alfredo Cam- (arr. Sidney The net profit for the year under poll and His

Orchestra; (arr. review, after writing of $20,000 from | Johann Strauss Waltz

Accordion Investments, $25,438.20 from fixtures Gotz Hohne)....Gloria and equipment and atter reserving

Orchestra;

Mexican Serenade - (Kas- $5,000 for film rights and $5,000 for chubec)....Barnabas von Geczy and bad debts, amounts to $31,467.40 to His Orchestra: Cupid's Parade

(Rivelli); Dwart's Patrol-

...Little Salon (Rathke)......

which must be added the balance of s

$3,005.93 brought forward from the previous year, making available for Out of this distribution $34,473.33.

Berlin, Mar. 30. The conflict between the German Catholics and the Nazi authorities was carried a stage further when your Directors recommend payment was revealed that two Jesuit schools of a dividend of 30 cents per

10.30

pim. Dance Music. Fox Trot--Cowboy; Fox Trot-It's

in Berlin had been forbidden to re- | absorbing $20,057.40, leaving s4 got to be love; Fox Trot-Doing the

ceive new enrolments for the primary

the grades, while those in

higher grades are to be

"im transferred mediately, to regular public denominational schools.

non-

In this relation, and in the absence of amelioration of the situation as then perceptible, your directors, after care- ful examination of all possibilities, arrived at the conclusion that the ex- amounted to 39,000 tons and I am tent of the business of your company pleased to be able to stale that at in Macao was insuficient to enable the present time we are enabled to that factory to continue operations on keep two kilns in operation at Hot Un a profitable basis, and having in mind works, and it is reasonably anticipated the heavy charges which were being that it will be necessary to maintain incurred each month in respect of this rate of production for some months maintenance, your board decided to to come. take the necessary steps for the sale

It is gratifying to be able to record of the plant and bulldings, which the steadily increasing demand from eventually realised the sum of $101, cur export markets. Therefore, Laken 705,79, such sale being conditional in

conjunction with the important The circulars deny that the con- upon the site being cleared before defence programmes which are to be fessional schools favour a class war, May... 31, 1937. In the clrcum- undertaken both here and Malaya, and urge Catholics to hold fast to such stances of the action taken, It is anti-it would appear reasonable to anti-schools-Reuter. elpated that it will be possible to cipate the continuance of the present

hand back the property to the Lessors before June 30, 1937, in the terms of the lense under which such property is held by your company.

EXPORTS INCREASE

demand for your company's product, and in view of the more encouraging results of recent months, I venture to think that we can look forward to a greater measure of prosperity In the future.

The Jesult leaders fear that other. Catholic schools may become involved. Simultaneously, Catholics are busy distributing circulars recalling "Nazi promises to observe the Concordat, ncluding the right of educating

TILDEN BEATS FRED PERRY.

IN THIRD MATCH BETWEEN STARS

Pittsburgh, Mar. 30.

At the same time your board fa of I am pleased to be able to report continued progress during the year the opinion that, notwithstanding the under review; more particularly is improvement in the results as pre- this reflected in our export business, sented for the year under review, as for the wherein a decided improvement is compared with the figures recorded. It is regretied, however, previous year, shareholders will sup- that, notwithstanding the charge of part the prudent policy of conserving the financial resources of the com- government In South China, permit

In the third match between them, regulations have not been rescinded pany, rather than recommending

Big Bill Tilden beat Fred Perry, dividend distribution at this juncture, and our cement is, therefore, still denied entry Into South China. particularly in view of the vicissitudes English professional, in a tennis ex- Nevertheless, your board is hopeful of the past few years and the dim-hibition to-day.

Tilden won 6-2, 8-10, 0-3, 0-3: that, wit

with the administration now In

Perry, had previously beaten the power, acceleration in public, works, coupled with industrial development Before closing I would refer, with old master, twice.-Reuter. generally, will soon lead to a removal of restrictions and permit of our re- verting to those markets from which our product has been excluded for the past few years.

Building operations in Hongkong have been somewhat curtailed through out the year 1930 and your company. continues to experience keen compell- tion from the sale of foreign cements a very low prices. In this connection it is interesting to note from staustics available that no fewer than 82,584 fons of cement of foreign origin have been imported into the colony during the year 1980, of which 61,000 tons come from Japan and 20,000 ions from French Indo-China

TWO KILNS WORKING

culties which your undertaking hos had to surmount.

a deep sense of regret, to the death of the late secretary of the company, Mr. Allan Kelth, and I desire, to record the board's appreciation of the loyal and emetent services rendered by Mr. Kelth to the company covering the lengthy period of which he was associated therewith.

Mr. B. Wong Tape, seconded and the proposal was agreed to.

..

11 p.m.

the

voom voom; Fox TrotRent party Junt. blues; to be carried forward to next account.

Waltz-Golden

heart; Slow I now beg formally to propose that Fox Trot-In the Chapel in the report of the Directors and the moonlight; Fox Trot-Goodnight, my Accounts for the year ending Decem-love; Fox Trot-Timber; Fox Tro ber 31, 1930, as presented, be adopted, Sing something in the morning; Waltz and after this has been seconded I-No more.

Close Down. to shall be pleased answer to the beat of my ability any questions which shareholders may wish to ask.

Mr. Sun Wai-kong seconded and the report and accounts were ap- proved.

OTHER BUSINESS On the motion of Mr. Chang Kwai- yuen, seconded by Mr. Li Lin-chi, Mr. Li Jowson and Mr. George Yankit Sun were re-elected directors. Messrs. Percy Smith, Seth and Fleming, were re-elected auditors on the motion of Mr. Ng Kal-chun, seconded by Mr. Hong Shau-yin.

"STREET SINGER”.

Philharmonic Society Production

Hongkong Philharmonic

"The

9,000 Indecent Books

DISTRIBUTING CENTRE RAIDED

Indecent literature of a particularly vile and revolting character was the subject of a' cliarge of possession pro- ferred against two Chinese before Mr. W. Schofield at the Central

this Magletracy

morning. Wong Pak-sang, 36, newspaper hawker of 46, Third Street, and Chan Po, 31, No. 08, Fa Yuen Street, were the de- fendants. They did, not appear in answer to the summons,

The

Mr. T. Murphy, A.S.P, prosecuted Society 1s producing Frederick and stated that araid had been Lorisdale's

musical success

carried out by Sergeant Carruthers Street Singer," which will be staged at No. 12, Chiu Lung Street on March of the Queen's Theatre on April 14, 12. Almost 9,000 copies of various 15, and 17 at 0.20 p.m.

books had been seized: This address tai The Street Singer, the clever was used as a distributing centre

and ANGLO-CANADIAN TRADE

producer. Mr. Brown, has much the defendants were the agents. The than books had not been made in Hong- lighter material to work on Ottawa, Mar, 30.

Maid of the Mountains," but in the long but had been imported from Commons to-day The House, of years,, during:

of opinian people.

who saw the pro- elsewhere in China. The aventie of ratifled the trade agreement between Canada and the United Kingdom, duction at Home, where it had a very distribution was the street hawkers music and and the books commanded a very" The Bill embodying, the agreement long run, the tuneful

will Plot

in a very wide circulation. In some Chach passed its third reading and was sent acceptable entertainment:

result to the Senale Reuter Bulletin Ser-music if one

The young boys were used for their may say so, without distribution. It was a very bad case offending the composer, is rather of and the literature was of the most that jazzy type which sets the feet indecent and revolting description..

OTHER BUSINESS.

On the proposal of Mr. A. H. Patta, seconded by Mr. E. Abraham, Messrs: J11 Taggart and J. Scott Herston were re-elected directors.

vico.

On the proposal of Mr. P. H Sucting, seconded by Mr. MANA Figueiredo, Messrs. Linstead and Davis

EXPRESS DERAILED

Dax, France, Mar. 31.

and Messra, Lowe, Bingham and The Paris Hendaye, express has Matthews, woro re-appointed auditors been derailed with a loss of one life Ata salary of $1.000 each.

and 40 injured United Press.

NEW

SHIRTS

Theno

new collar-attachel, shirts have become most popular. Worn with a· tle they present an appearance of the utmost respectability or for Sports wear with collar open they provide the utmost comfort.

Made of an entirely new cloth called #Bracken" mixture of linen and wool -in heather mixtures and neat check designs, with lies to match.

MACKINTOSH'S LTD.

MEN'S

WEAR

SPECIALISTS

First Church of Christ,,Scientist, HONG KONG. ANNOUNCES. A

FREE LECTURE

ON

CHRISTIAN SCIENCE

BY

FRANK BELL, C.S.B.

Member of the Board of Lectureship of The Mother Church, The First Church of Christ, Scientist, in Boston, Massachusetts,

IN THE

Y. M. C. A., Kowloon

Ashley Road Entrance

ON

Thursday, 1st April, 1937, at 6 p.m.

The Public is cordially invited to attend.

Facts about Nutrition

Ordinary foods are frequently deficient in nutritive values. "KEPLER' COD Liver:Oll

with MALT Extract minkes good this deficiency, supplying fortifying food properties as well as Vitamins A, B and D.

Boitier of two sizes from all Pharmacies and Stores

"KEPLER'

COD

Liver Oil MALT Extract

with

BURROUGHS WELLCOME

{PROMISTORY THE WELLCOME FOUNDATION LTD. Lopan,

(EWO)

+8

THE

KEY

LONDON AND SHANGHAI

Co.

BEER

EWO

TO AN ENJOYABLE DRINK

moving, to sonic clever dancing willence of the serving of the Brewed by EWO BREWERY CO., Shanghai

be seen.

Wong Pak-song was: Booking is now open at the Queen's summons on Theatre and early application is given, after which the case was ad- desirable as the Philharmonic Society journed until Friday for evidence of is only able to put on faur. perfor the serving of the summons on Chan mances,

Managers: Jardine, Matheson

Ltd.