1937-04-02 — Page 17

U.S. ΤΟ URGE ALL NATIONS

TO

DISARM

Cordell Hull Discloses

Government's Plan

THE HONGKONG

MACAO ELECTRIC COMPANY

TAX ISSUE NOW

SETTLED

A definite suttlement of the fiscali- sallon tax question, which had in- Nicted great hardship on the Macao Electric Lighting Company, Ltd., was announced at the annual meeting of shareholders this morning_by_the Chairman (Mr. F. J. Gellion). Per sent Indication were of, more pros- perous times, he said, and there was every confidence in the future,

In proposing the adoption of the report and statement of accounts Mr. Gellion suid:

The net proat, after proving for depreciation amounting to $91,034.09, is $U8,0-10.12, which together with

LORD TWEEDSMUIR SPEAKS propose to pay n dividend of $1 per

IN WASHINGTON SENATE

Washington, Apr. 1. Mr. Cordell Hull, the Secretary of State, declared to-day that the United States Government was planning to call an international disarmament conference.

Proposals to European nations for such a meeting, would be made through Mr. Norman Davis, who is at present in England attending the international Sugar Conference.

It has been suggested that President F. D. Roosevelt may discuss with the Canadian Governor-General, Lord Tweedsmuir, now in Washington, the prospect of the introduction of the subject of world disarmament talks at the coming Imperial Conference.-Reuter.

WARMLY GREETED

Washington, Apr. 1. A full Senate Chamber and crowd- ed galleries applauded Lord Tweeds- muir, Canadn

but to think along the same lines; tor that is the road to effective co-opera- tion."

He emphasized the special similari- Governor-General | ties of Canada and the United States, wilen he paid an official visit to Con- saying, firstly, that both "have the gress this afternoon, accompanied by same definition of what constitutes. the British Ambassador, Sir Ronald greatness and goodness of human Lindsay, and the Canadian Minister, character," and that "the qualities of Mr. Vincent Massey.

our great men are singularly alike." Secondly, he said, their Governments had the suné economic problems.

Later, Lord Tweedsmuir visited the House of Representatives where he was given an equally spontanious reception.

Earlier in the day, the distinguished visitor bad visited Annapolis Nuval Academy where he reviewed the endets. Reuter.

Accompanied by Sir Ronald Lind- say, the British Ambassador, Lord Tweesmulr shook hands with the Senators present-United Press.

MOKE DRIZZLE

TWEEDSMUIR SPEAKS"

Washington, Apr. 1. Galleries of the Senate were a Canadian Jammed to-day when

has The anticyclone Increased Governor-General spoke during considerably In intensity, pressure apecin recens

upper house. bring highest

to the over Chinn Lord Tweedsmul, visiting Washing-north of the Yangtze Valley. Local ion for the first time, declared:- furecast-East winds, moderate to "I want each of our great nations fresh: cloudy generally, probably not only to speak the same language some drizzle."

of the

Swan Culbertson & Frits

Investment Bankers and Brokers in Securities and Commodities

Daily New York and

London Stock Exchange Service Commodity Futures on the principal American markets

Members of

New York Cotton Exchange

Chicago Board of Trade

Winnipeg Grain Exchange

Commodity Exchange, Inc., New York

Canadian Commodity Exchange, Inc., Montreal New York Coffee and Sugar Exchange Manila Stock Exchange.

Correspondents for

Hayden, Stone & Co., New York and Boston J. E. Swan & Co., New York

Telephone 30244

Cable Addresss SWANSTOCK Hongkong & Shanghal Bank Building, Hongkong Ofeos: Shanghai and Manila

L. R. NIELSON & Co.

BROKERS - PROMOTIONS MEMBERS: MANILA STOCK EXCHANGE

GLOUCESTER BLDG.,

First Floor

Head Office:

601 Escolta, Manila, P.I.

PHONES 31707-31708. P. O. Box 719 Branches:

Baguio, Bacolod

Iloilo & Cebu.'

$115.582.00 brought forward from lust year, makes $101,620.72 for up. propriation. With this, your directors

share, absorbing $90,000, to pay to the Macao authorities 5 per cent of the dividend paid (as per Article 15 of our Contrüet) which amounts lo $1,500 umi to carry forward to next year the balance of $87,128.72.

The results of the year are dis-

appointing and are due to the fiscali

sation inx established by Lisbon ins

March 1835 and the general depres-

sion.

The following figures of 1035 and 1920 WIH Five you indication as to

how our profits, taken quarterly, the prouts of the first quarter first heard of late in March 1935; our

were affected by these factors. Taking

1035 as unity, because the tax was

of

1936

the per

TELEGRAPH.

FRIDAY,

BIG CANADIAN BUSINESS MAN

Mr. Charles S, Macdonald, President of the Confederation Life

Association, son of the founder of the company, one of the most prominent

of Canadian business figures, has Just passed through Hongkong. In the course of a tour of his organisation

abroad.

Mr. Macdonald left for Shanghai aboard the Chichibu Maru Wednes- day, and will remain there until the Empress of Japan calls, hoinebound, when tip proposes to return to Caneda.

BLAUPUNKTURAMBAGA KOJICIUNIENIA

"TELEGRAPH" ART SUPPLEMENT

I

To-morrow's Picture

Features

second quarter's profils were reduced by 8 per cent, the third by 40% per cent, and the fourth by 60% per cent. The first quarter dropped by 77 per cent. still taking unity, but

Many illustrations of topical the first quarter of 1835 as In May 1938 the Macau Government

interest will appear in to- accepted our proposals to take some the

morrow's issue of the Tele- temporary measures to relieve situation and our profit for

graph Pictorial Supplement, second quarter wer

were down

Including groups taken at the cent. (an improvement of 17 per cent. cent

weddings of Mr. J. F. over the Brat quarter), the

third

McGowan and Mrs. L. M. further quarter by 37 per cent. fa

Fitzgerald, Mr. G. J. White Improvement of 23 per cent.) and

and Miss B. E. Fernandes, *Tbs the last quarter by 43 per cent.

this quarter of

Dr. Sung Sheun-hel and Miss figures of the first

nol yet completed, but Pearl Chow, and Mr. Chan year are

Tak-cheong and from kilowal hours sold there should

Miss Lau De up

Improvement over the

Chen-ying. quarter of 1930.

last

fur

EXCHANGE ADVERSE Unfortunately during this perioa the exchange was lower than very many years, but due to various economics made, our working costs showed only a small increase.

During the latter part of 1935 I went on fever and spent symetime in Lisbon seeing the authorities re- garding the lax, and on proving its disastrous effect on our business,

revision of the law was promised and my the modifications drafted after return to Macao in March last year were sent to Lisbon for approval, und I am very pleased to be able to state that the tax question was definitely settled last month.

113.

The tax itself on the consumers has been considerably reduced, now being based on the size of their meter and is collected monthly by The majority of the inconveniences and leilans on the free use of our eliminated, the consumers have been

restrictions on

and we may consider that

our troubles from this source are de- finitely lightened, and I believe that with the present day indications of more prosperous times we can feel confident of the future.

All of our plant and equipment. have been maintained efficiently. Unfortunately we suffered consider able damage to our mains during the typhoon of August but repairs were promptly made und Gur Service restored to normal within a fow days.

Mr. A. B. Raworth secondled, and the proposal was agreed to..

OTHER BUSINESS

On the proposal of Mr. J. Fleining, seconded by Mr. A. B. Raworth, Mr. Wong Yu-chiu was re-appointed a Director.

Messrs, Lowe, Bingham and Mal- thews were re-appointed auditors on the proposal of Mr. N. G. Beale, seconded by Mr. G. G. N. Tinson.

Those preseni were Messrs. F. J. Gellion (chairman), N. G. Beale and Wong Yu-chiu (directors), G. G, N. Tinson (representing the secreturies; nnd. A. B. Raworth and J. Fleming (shareholders).

France Will

Use Force To

Defend Ships!

Warships Warned To Act In Emergency

Paris, Apr. 1.

is announced that all

NIELSON & COMPANY, INC. French Warships have been instruct-

Miño Managers & Operators MANAGING

Hongkong Mines, Ltd.

Tinago Consolidated Mines, Inc.

Lepanto Consolidated Mining: Co.

Paracale-Gumaus "Consolidated Mining Co.

Paracale Gold Mining Co. Inc.

MANAGING & OPERATING

Nieco, Mining Company.

Camp Four Mining Company

ed to assist French merchantmen stopped on the high BCAS outside. Spanish territorial waters, and to

oppose, it neces by forec, any

inspection or

of course.

A communique issued on the sub- ject states that since the rights of a belligerent cannot be invoked at pre- sant, orders given French merchant- men navigating over three miles from the coast by Spanish warships to leave-to and change their course re- main contrary to international law and the principle of the freedom of

seas.

the

97 Cristobal, Paco, Manila, P.1 P. O. Box 717 vessels could be tolerated in French

The communiquo adds that no act of war or of policing: by Spanish

territorial waters, whatever might be the Dag of the véssc).—Reuter.

There will be several illus- trations of the Diocesan Girls' School sports, whilst other pictures, will show the inspec~ tan of the Ambulance Brigade by Colonel Sleeman, and the united service of Christian witness held in Kowloon on Good Friday

A group taken at Govern- ment House during the visit of the British Ambassador, will also appear.

DZINNAEUSKADIRACAMEROUNAISEMITEREVANAKETANY

ROAD CONTROL

APRIL

1937.

18,000 Men Sit Down In Plants General Motors Staff Striking Again Leaders Conferring To-morrow

Detroit, Apr. 1.

HARTAL GRIPPING INDIA

| Gandhi's Strategy

Awaited Anxiously

Bombay, Apr. 1,

The first day of the life of the now Indian Constitution ended with in- creasing speculation regarding its future. Developments are believed to depend largely on Mahatma Gandhi. who is regarded as one of the most important factors in the present poll-

A fresh outbreak of sit-down strikes in the General Motors factories, in spite of the recent tient situation, settlement, was announced to- Both the Congress Party and the minority ministries belleve new elee- day. Nearly 18,000 men enttions will be ordered within the next ployed i ntwo body plants in six months in the six provinces where Pontiac, Michigan, and the the Congress Party secured majorities Chevrolet factory at Flint, are and is preparing to make a desperate to win increased papular support. idle.

Congress Party circles declare that A conference to deal with the dis- pute hus been arranged for to-whether new elections are ordered or nol. or the Governors decide to exer- morrow between Mr. Homer Martin, else their special powers and govern president of the United Automobile without legislative assemblies, the Workers, subsidiary of the C.1.0.party will not split on

on the question And Mr. William Knudsen, viec- of acceptance of office. It is this re- president of General Motors Corpora-fusal to serve in provincial ministries tion.

by the Congress Party members that! Officials are burrying to the scene has forced the formation of minority of the strikes in an endeavour to Cabinets. persuade the men to leave the fac-

Meanwhile, the hartal is being tories and return to work pending widely observed throughout India io- the conference, according to the day, but from all centres come reports terms of the recent strike settlement that there have been practically na Besides the factories affeeled by disorders. Business life is largely at the strike, some departments of the

standst and most schools and Pontiac Car Factory had 30 close ofices are cicsed. There have been down owing to Inck of bodies. Later, small processions here and there, but 6,500 censed work at the Yellow demonstrators have made no trouble, Truck Company's Pouline thetory, which in partially owned by General

Lales. The General Motors strikers are evacuating the factories and resum-

Motors:

ing work, pending the conference to-

morrow.-Reuter,

Burglaries On

The Peak

SEVERAL REPORTED

RECENTLY

During the past few days, several complaints have been received by the

police from residents of the Upper

Levels district of their houses, having Theen entered and jewellery... hand. bays and other small articles stolen.

On Tuesday last, between 2 and 5

houses were a.m. no less than three house entered. They according to were,

Chatham Park, police reports, No.

Magazine Gap Roud, and No.

No

5

5. Thorpe Manor. In one instance

Reuter.

BURMA. CHANGE

London, Apr. i. The ofce of Secretary of

State for Burma, which, as a consequence of the separation of Burma from India on April 1, is established from that date as u distinel Government department, will be accommodated in the same building as the India Office.

As already announced in Parli ment, Lord Zetland will combine the offices of Secretary for India and Secretary for Burma.British Wire- less,

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Forced Back

Attempting Flight To London From Tokyo helædicinal

Tokyo, Apr. 2. The Asahi Shimbun's Japanese-

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спл

| two culprits got away with

monoplane, "Divine Wind, ring, a gold watch and a pair of carrying special Coronation London, Apr. 1. cuff links, and esenped by jumping gratulatory messages, which hopped To-day, under a recent Act, 4,500 20 feet to the ground.

Inff at 1.44 a.m. to-day for London, mes of trunk roads passed from the The burglaries are believed to be attempting to set a new record for administration of diverse local au- the work of a gang of petty thieves, the fight, was forced to return to kukuke, in pugh whose areas they and residents are advised to com- Tachikawa aerodrome at 0.05 a.m. run, under the central control of the|municate with the police immediately The plane encountered very bad Ministry of Transport. British when they see any loiterers around weather a few hours after leaving Wireless.

Reuter.

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SAM JAFFE . From the novel by tomes Hill in « Screenplug b. ROMENE RISKRA · A COLUMBIA PICTURE

TO-DAY KING

AT THE

S•