1938-02-26 — Page 25

THE HONGKONG TELEGRAPH. SATURDAY,

FEBRUARY

26, 1938.

HONGKONG AND SHANGHAI BANKING CORPORATION

SECONDER VOICES APPRECIATION

OF

(Continued from Page 3.) The rumours spread from Amerien fast April that the price of gold was likely to be reduced, had immediate repercussion of an adverse nature on the Philippine Islands and Malaya. The former was also affected by the labour troubles in Amerlen and, In fact happened generally through- out the world, bi Malaya the last quarter of 1837 gave o alight set-back to the satisfactory conditions reported prior to that lime.

In the Philippines increases in revenue and trade throughout the year reflect the prosperous state of the Islands, but the unexpected state- ment made by President Quezon lest March in regard to putting forward į the date of complete Independence Find an unsteadying effect. An early solution of this problem is very desirable. The trade altuation is, generally spenting, good, and there optimism about the future of mining

Our Bunk has faced many diflcult periods in the seventy-three years o its existence and has seen many vicissitudes in. China,

^ months ago our Shanthal Manager, Mr. A. S. Henchunon, coin- anented that he found it extremely dimcult to see the wood for the trees.

He was trying to take a long view and I think you will agree that it

not

BANK'S

MR.

SHAREHOLDERS

BANK AS LIGHTHOUSE

IN TROUBLED SEAS

Philippines To Sell Oil To Socony Right Of Exploitation Asked Of Assembly

OF FAR EAST TRADE.

-Mr. S. T. Williamson

R. S. T. WILLIAMSON seconded the motion that the Report and Accounts be approved. It was adopted unanimously.

The Hon. Sir Henry Pollock proposed that the Hon. Mr. M. T. Johnson, Mr. G. Miskin and Mr. A. L. Shields be re-elected Directors. Mr. Chun Seng-choo acconded and the motion was was adopted.

Mr. P. C. Cassidy proposed that Mr. John Fleming and Mr. H. R. Forsyth be re-elected Auditors. Mr. Lawrence Kadooric seconded and the motion was carried,

The following were present at the meeting:

Mr. G. Miskin (Chairman), The Hon. Mr. M. T. Johnson (Deputy Chairman), Mr. J. K. Bousfield, Mr. A. H. Compton, Hon. Mr. S. H. Dodwell, Mr. J. R. Masson, Mr. K. S. Morrison, easy for us at the present moment Hon. Mr. J. J. Paterson, Mr. T, E. Poarce, Mr. A. L. Shields. to see clearly through the dense forest of gloom la which China and (Directors); Sir Vandeleur M. Grayburn, (Chief Manager); Japan stand. On both sides there are Messrs. A. S. Adamson, J. M. Alves, H. J. Armstrong, P. S. dangerous tendencies and pitfalls. Cassidy, Chua Seng-choo, Chan Shu-ming, N. V. A. Croucher, R. We must move warlly, keeping our A. Dastur. J. Fleming, H. R. Forsyth, Fung Kong-un, Fung cune pe randy to welcome and take Munter, H. R. B. Hancock, H. S. Hills, Ho Wing, H. Owen-Hughes, advantage of the first ray of light.

BRITISH GOVERNMENT J. H. Jessen, L. Kadoorie, Dr. F. H. Kew, Messrs. L. M. S. Lloyd,

WATCHFUL

Lo Kai-wing, A. N. Macfadyen, Lieut. Col. E. D. Matthews,

תמונ£

this lot

00-

Maulia, Feb. 20. President Manuel Quezon has sent 4 message to the Assembly accom- mending approval of a contract with the Standard Oil Company for the of large areas in 13 exploitation

Philippine provinces at the com- It is understood the company has Ry's expense. informully approved of the contract and the Assembly's approval is vir- tually certain. It will be effective additional 25 years, the company for 25 years, and renewable for an getting 87% per cent. of productiun until it reaches 2,000,000 barrels of the oil per annum, utter which Philippine Government will claim 20

per cent.

The contract specifies that the company will build a refinery in the Philippines and will deposit G$250,- 003 as evidence of good faith.

Permita will be given to, other companies to exploit. outside the

American company's areas-United Press.

SINGAPORE TO H.K. FARES TO BE REDUCED

our thanks to the Board of Directors, the Chief Manager and his very able In An effort to obtain cheaper Stuff, and I cannot portunity pass without stating that passenger fures between Hongkong we fully realise and appreciate all and Malaya, Chinese laiging houses Mr. A. S. Hexchman, our Shanghatin Singapore heve formed the Hotel and Travel Service Union, which will Mager, and all those serving charter steamers to run between this Chica, have been able to accomplish in the way of sate-guarding our in- Colony and the Straits Settlements,

ing at present. terests in the face of danger of every charging lower fares than those rul-

It is reported description.

organisation has completed neratiu- tions

with the Norway-Nanchang Navigation Company of Hongkong, and that the steamer Hallhon will begin service shortly.

17 Seized In Night Raids

thot the new

BATTERIES TO FIRE

AT SEA TARGETS

It is helpful and cheering to fee lessrs. M. J. B. Montargis, Mr. A. Morris. Mr. A. Morse, Hon. Sir that His Malesty's Government ur:11. D. Pollock, R.C., Messrs. S. H. Ross, F. W. Stapleton, D. V. keenly observing political events ou here and are prepared to support Steavenson, J. A. Tarrant, G. G. N. Tinson, A. II. Vaswani and British interests as and when neces-Wong Ping-sun (Shareholders). sary, Trade can flourish only when confidence and enterprise to hand in

In rising to second the motion hand. If the policy of His Majesty's Mr. S. T. Williamson said: Government engenders confidence, then the Far Eastern merchant can

Mr. Chairman, Ladies and Gentle- be trusted to show enterprise.

men,-1 is with pleasure that I As an Instance I should like to rise to support the Report and Ac- draw attention to the initiative, and counts as presented, and feel sure wishes of enterprise displayed during these that an voleing the critical months by the two leading Shareholders in expressing our ap- shipping firms on the China const preciation to these at the helm or and Yangtze River-Messrs. Jardine this great Financial Institution which lighthouse in the Matheson & Co. and Butterfield & stands out as

Eastern Swire--whate staff, in Ballantly troubled sea of Far keeping their services operating, have merce to-day. Get a fine example, worthy of the

The Chairman's Speech has been best traditions of the Baftish mer of a most

nalure comprehensive cantile marine.

covering in detail the trend of East- OUTLOOK CHEERLESS

ern Trade and leaves nothing calling At the present moment the outlook for further comment, and I feel cer is cheerless and it is easy to become tain that it will be eagerly awaited Revenue Men Arrest depressed at the prospect of a long by Anacelal interests all over the series of difficulties in China, but i World and he foremost in the im- Narcotic Suspects have tried to show you reasons portant. Far Eastern reviews of the for not regarding the future with too fear.

Lightning raids on heroin divans much pessimism.

The result of the year's working were made last night in Yaumati by Foreign trade in the Far East has must be considered be highly the Revenue Department, which more than anywhere been built up satisfactory, especially when it is carries out its most important work

March 7 has also been set aside na by enterprise and by a readiness to noted that a profit of over fifteen at a time when most of the Colony is

relaxation is an alternative date, should firing on face with courage obscure and un-million dollars is shown after pay-oking evening

either Thursday or Friday be imprac- known situations. I am confident ing all charges and making provision enlovlart its morning tea. -that-the-British-will tend the way infor_id_and_doubtful accounts and

Chief Preventive Oficer w. J. licable.

-Masters-of-vessels and pilots of tackling the new problems and the contingencies, which certainly Buller and Senior Itevenue meer Antreraft are warned by the military changed conditions which we are magnificent showing under existing w. Grimmitt made successful descents authorities to assist in the carrying! likely to see out here during the nest, conditions.

addresses in Temple Street and few years. As for the Bank, it can

Hear clouds still make. their op- | Woosung Street in consequence of out of the firing practice by basten- be counted on to do its rightful shars. | pearance on the frageist horizon, chich 17 defendant: appeared before ing through the fring area affected. or by consenting to be towed out of One last word. I think you will owing to the unfortunate clash tale. Q. A. A. Macfadyen at the Kow- the Bring ares, if noressary, by any all agree that we owe our apprecia- tween the two great Powers with tion and thanks to the members of whom we are tu cinely associated on Magistracy this morning. Over vessel acting under the orders of the

in Eastern Trade-here has already 30.000 pills, a quantity of illicit oplumuthorities. Staf who have worked In

Firing practice will also be carried China throughout the past year. ben an appalling loss of life and 157 heroin pipes and a considerable

tauch misery, to say nothing of the amount of paraphernalia had been out from Pakshawan 13ttery between In cach China-part where

the heavy frezed,

nm, and 1 p.in. to-morrow. Firing have branches there have been huge expenditures und

It is obvious that wars In arking for a week's remand in Aren "A" will be affected in this critical momenta and dllcultors of trade. occasions which have in every ease incidents will undoubtedly have all the eases, S. R. O. Grimmitt satilpractice.

their rerion repertusions and cums they were to be dealt with summarily, been faced with courage and ability pleations, and it is to be hoped that Concerning an alleged heroin pill I feel you can send a hut your those controlling the dusting of these factors in Shanghai Stret, which interests are in good hands.

been last night by Mr. With there remarks, ladies and ancient Empires will be able to ar-

of their amitt, in company with Revenue rive at an early solution the gentlemen, I beg to propose

differences,

Piltene J. L. Stepliens, Chan Chrẻ, 25.) adoption of the Repert and Account:

Your remarks, covering the Cand La Hing. 39, were abrilarly as presented, and after they have toms, Salt Administration and Tail- manaded for a work on a charge of been seconded I shall be pleased to

way Administrations which are 999 answer any question that may be reply wasca into the engil indoosion. Their case will be taken for commutial, as about 50,000 herolo asked, to the best of my ability

the

the

COOLIE HURT IN FALL

While working on board steamer Friesland yesterday, Yeung Ngan, 57, a coolle, fell from a height of 15 teet and suffered a fractured left thigh. He was taken Kowloon Hospital

to the

FATNESS WAS IN

THE FAMILY

But Mother and Daughter Both Reduced

"She'll run to fat ke her mother," and it is true that fatness often runs

10

or

of Chian, are especially interestiults were alleged to have been found on the premises. Bail was set at

and it is pleasing to note that

surances have been given regarding $10,000, each. there interests which are inter- national in character. With you, we do realize the heavy responsibilitie

rhoniders of Sir placed on

we rarely Frederick Maze, and hope that he will be able tafely i pilot all the International Intereste involved to a successful issue.

the

CHINA COAST HANDS

NEW MEDICAL PRACTITIONERS GAZETTED

I as pardimlarly pleased to note Four new names have been added your reference to those who "go to the Register of Birdient Practi- down to the seu in ships"; there are tioners entitled to practice Medicine also many others serving on this in Hongkong, according to this mor- Const besides these mentioned by you, ning's Government Gazette, and one at all have faced their They are Dr. Yu Slau-dong, who

orations duties in a manner which certainly upholds the highest tradi-qualified at

us all..

the Tokyo Women's

10 of the Meremtile Marine and Medical College of Japan in 1939: Onc sometimes hears It said deserve the greatest appreciation of Dr. Luigi Curt, Doctor of Medicine and Surgery of the University of Home: Dr. Roy Mar, Member of the I woll remember our Chief ant- College of Physicians and Surgeons in families. But nowadays, over ger stating at the opening ceremony of the Province of Manitoba; and Dr. weight mothers are generally just as of this building over two years ago M. P. M. Itoh, who graduated on unwilling

their daughters to that the Bank up to that time had Bachelor of Medicine and Bachelor remains fat. Certainly that was true found nothing too small or too large of Surgery at the University in the case of this mother and her to deal with; subrequent events have Hongkong in January this year. daughter. The letter published be-praved with a vengeance that there low tells what they did:

was a great deal more than the *This is to say that 1 have reduced dinary Banking facilities from stone Hus. to 0 alone 4 lbs, to meet the abnormal conditions re- through taking half a teaspoonful of cently experienced, and we do realize Krusetien Salts dolly, and my mother the courageous inunner in which Sle has reduced from 11 alone 4 lbs. Vandeteur Grayburn has dealt with down to 10 stone 1 lb. We started all matters appertaining 10 the

necessary

H.K. UNIVERSITY "GRADS" MEET

of

Graduates and past students of the

in real earnest about three months successful entrying on of trude in University of Hongkong recently held ago, I cut out my cup of tea at 11 its varying degrees. We a.m. and 3 pm, and mother cut out pecially pleased that His Majesty their annual dinner mid meeting in fried foods. "As regards exercise, we the King bestowed upon hlm

the Singapore. Just look. dally' wnika. We will honour of Knighthood" which we feel Among the guests were Dr. Lim never be without Krusehen Salls in was zo richly deserved-we know Boon Keng and Mr. Parkenne C.

early Kwang, Manager future, as they have, proveden real; that he is proceeding at an

of the Bank of rentedy."(M[x] M.D."

dato to England on a well earned Chinn. Kruschen.combals the cause of tal, holliday after his strenuous inbours After the dinner

a sum of about

by assisting the internal organs to and our best withes will go with $450 was raised for, the China Relleft throw off each day those wise pro- | him.

Fund. „ducta, and boisons which, if allowed Mr. Chairman, Ladies and Gentle- The officinis for the current year to accumulate, will be converted by men, I how formally second the are: President, Dr. Lim Eng itae: the body'a chemistry · Into falty adoption of accounts ne presented, Hon. Secretary, Dr. Ivy Tong; Hon.

insuo.-

and In-doing so I wish to expresa i Treasurer, Mr. Chan Kuf-Chunp.

BY APPOINTMENT

DIAGRAM SHEWING

THE PHENOMENAL INCREASE

IN HONGKONG

OF

FINDLATER'S GIN

FOR THE YEARS ENDED

31st December 1933-1937

YET ANOTHER TRIBUTE TO THE QUALITY OF

FINDLATER'S PRODUCTS

Sola Agents:

GILMAN & CO., LTD.

GLOUCESTER ARCADE

Military firing practice will be XDDDOCOCC carried out from D'Agullar on Mon- day, Thursday and Friday next week, commencing at D a.m.

LOST! A SMILE Because she used a

1/2 way Toothpaste

Pyorrhea. attacks 4 out of 5 people over 40. It mars their ap pearance, makes their gums soft and ugly. A halfway toothpaste-one that just cleans teeth-can't protect you against this or other gum infection. To keep the beauty of your smile use FORHAN'S toothpaste, Because it contains a special ingredient which aafs guarda guma against in- fection. FORHAN'S keeps teeth sparkling white, gume sound wd healthy. Guard your nife with Forhan's. Buy a tube today!

Forhan's

TURN

Cleans Teeth Saves Gums

The Original Toothiwists for

Formula of Dr. R.J. Fortus Moller, MacLean & Co., 100.. French Bank Bldg., Ilongkong, China.

For with THETH AND CUMS

IN THE

HONGKONG

1933

1031

1033

.1030

HOTEL

GRILL ROOM

TO-NIGHT, 26th FEBRUARY

SPECIAL DINNER DANCE

$5.00 per person

EXTENSION TILL 2 A.M.

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Opening Performance of

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SENSATIONAL HUNGARIAN DANCING TRIO

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0

1937

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