1938-02-26 — Page 45

HONGKONG THE

TELEGRAPH. SATURDAY, FEBRUARY 26, 1938.

HONGKONG AND SHANGHAI BANKING corporatION

SECONDER VOICES APPRECIATION

OF BANK'S

0

(Continued from Page 3.) The rumours spread from Amerlea”. last April that the price of gold was kely to be reduced, hud Immediate repercussalons of an adverse nature on the Philippine Islands and Malaya. The former was ulso affected by the labour troubles In America and, us in fact happened generally through- out the world, in Malays the inst quarter of 1937 gave u slight set-back to the sailsfactory conditions reported prior to that Ulme.

In the Philippines Increases in revenue and trade throughout the year reflect the prosperous state of the Islands, but the unexpected state-

SHAREHOLDERS

BANK AS LIGHTHOUSE

IN TROUBLED SEAS

OF

FAR EAST TRADE

-Mr. S. T. Williamson

ment made by President Quezon lastR. S. T. WILLIAMSON seconded the motion that the

March in regard to putting forward the date of complete independence had an unsteadying effect. An early

Report and Accounts be approved. It was adopted

wolution of this problem is very unanimously.

Philippines To Sell Oil To Socony

Right Of Exploitation Asked Of Assembly

Manila, Feb. 26, President Manuel Quezon han sent

a message to the Assembly accu- mending upproval of a contract with the Standard Of Company for the of urge areas in 13 exploitation

at the com- Philippine provinces

It is understood the company has

desirable. The trade situation is.

The Hon. Sir Henry Pollock proposed that the Hon. Mr.pany's expense, generally speaking, good, and there I' optimism about the future of mining. T. Johnson, Mr. G. Miskin and Mr. A. L. Shields be re-elected Our Bank has faced many dimeul Directors. Mr. Chua Seng-choo seconded and the motion was perinds

wenty-three years was adopted.

in the Its existence and has zern many vicissitudes in Calma,

A few months ago our Shanghai Manager, Mr. A. S. Henchman, com- mented that he found it extremely dimcult to see the wool for the trees.

He was trying to take a long view and I think you will agree that it i not easy for us at the present moment to see clearly through the dense forest of gloom in which China and Japan stand. On both sides there are dangerous tendencies and pitfalls. We must move warily, keeping our ever een rely to welcome and take advantage of the first ray of light.

BRITISH GOVERNMENT

WATCHFUL

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, on. Mr. J. J. Paterson, Mr. T. E. Pearce, Mr. A. L. Shields. (Directors); Sir Vandeleur M. Grayburn, (Chief Manager): Messrs. A. S. Adamson, J. M. Alves, H. J. Armstrong, P. S. Cassidy, Chua Seng-choo, Chan Shu-ming, N. V. A. Croucher, R. A. Dastur, J. Fleming, H. R. Forsyth, Fung Kong-un, Fung Manter, II. R. B. Hancock, II. S. Hills. Ho Wing, H. Owen-Ilughes, J. II. Jessen. L. Kadoorie, Dr. F.. H. Kew, Messrs. L. M. S. Lloyd, Lo Kai-wing, A. N. Macfadyen, Lieut. Col. E. D. Matthews,

It is helpful and cheering to feel Messrs. M. J. B. Montargis, Mr. A. Morris, Mr. A. Morse, Hon. Sir 1. E. Pollock, K.C.. Mesars, S. H. Ross, F. W. Stapleton, D. V.

that Hla Malesty's Government are keenly observing political events ou here and are prepared to support Stenvenson, J. A. Tarrant, G. G. N. Tinson, A. II. Vaswani -and

Dritish interests as and when neces-Wong Ping-sun (Shareholders). sary, Trade can flourish only wher confidence and enterprise go hand in hand. If the policy of His Majesty's Mr. S. T. Williamson said: Government engenders confidence.

then the Far Eastern merchant con be trusted to show enterprise.

In rising to second the motion four thanks to the Board of Directors,

mea, It is with

pleasure that

sire

company

informally approved of the contract tually certain. It will be effective and the Assembly's approval is vir- for 25 years, and renewable for un additional 25 years, the getting 87% per cent, of production until it reaches 2,000,000 barrels of the oil per

after which annum,

per cen

cent. Philippine Covernment will claim 20 The contract speelfies that the rtnery in the company will bulld Philippines and will deposit G$250,- 009 as evidence of good faith.

Permits will be given to other to exploit outside the

·companies American company's areas.--Untied Press.

SINGAPORE TO H.K. FARES TO BE REDUCED

cheaper

In an The Chief Manager and his very able

effort to obtain Staff, and I cannol let this op- Mr. Chairman, Ladies and Genue-portunity pass without stating that passenger fares between Hongkong we fully realise and appreciate al and Malaya. Chinese lodging houses As an Instance I should like to rise to support the Report and Ac. Mr. A. S. Herchman, our Shanghai In Singapore have formed the loter Manager, and all those serving in and Travel Service Union, which will eliarter steamers to run between this China, have been able to accomplish Colony and the Straits Sett ments, in the way of safe-guarding our in-charging lower fares than those rui- terests in the face of danger of every ing at present.

It is reported that the description.

organisation has completed nepali- tions with the Norway-Nanchang Navigation Company of Hongkong, and that the stemmer Hallhon will berin service shortly.

com-

draw attention to the initiative and counis as presented, and feel

wisher of enterprise displayed during these that 1 nm valcing the critical months by the two leading Shareholders in expressing our up- shipping firms on the China coast preciation to those at the helm of and Yangtze River-Messrs. Jardine this great Financial Institution which Mathieson & Co. and Butterfield & stands out as a lighthouse in the

Eastern Swire-whose staff.

gallantly troubled sea of Far keeping their services operating, have merce to-day. set a fine example. worthy of the

The Chairman's Speech has been best traditions of the British mer- of it most

nature comprehensive coollle marine.

covering in detail the trend of East. ern Trade and leaves nothing calling for further comment, and I feel cer fain that it will be eagerly awalterl by financial interests all over the

OUTLOOK CHEERLESS

At the present moment the outlook is cheerless and it is easy to become depressed at the prospect of a long series of difficulties in China, but If World and be foremost in the im- have tried to show you reasons porlant Far Eastern reviews of the for not regarding the future with too year. much pessimism.

17 Seized In Night Raids

Revenue Mon Arrest Narcotic Suspects Lightning raids on heroin' divans The result of the year's working were made last night in Yaumat! by Forels trade in the Far East has must be considered

be highly the Revenue Department, which more than anywhere been built up satisfactory, especially when

carries out its most important work by enterprise and by a readiness 10 noted that a proat of over face with courage obscure and un-million dollars is shown after pay-at a time when most of the Colony is known situations. I am confident ing all charges and making provision seeking evening, relaxation or that the British will lead the way in for bad and doubiful accounts and enjoying its morning tea,

Chlef Preventive Onleer

where

10

It is Afteen

13

new

BY APPOINTMENT

DIAGRAM

SHEWING

THE PHENOMENAL INCREASE

IN HONGKONG

OF

FINDLATER'S

FOR THE YEARS ENDED

31st December 1933-1937

GIN

1035

YET ANOTHER TRIBUTE TO THE QUALITY OF

FINDLATER'S PRODUCTS

QUALITY.

BATTERIES TO FIRE AT SEA TARGETS

will be DOD. Military firing practice carried out from D'Argilar on Mon- day, Thursday and Friday next week, commencing at 9 a.m.

March 7 has also been set aside na an alternative date, should fring on either Thursday or Friday be imprae- ticable.

Masters of vessels and pilots of aircraft are warned by the military abortis to assist in the carrying out of the firing practice by harten-

the Orin area. If necessary, by any

Firing practice will also be carried out from Pakehawan Battery between 0 am and 1 p.m. to-morrow. Firing Area "A" will be affected in this

W. J. tackling the new problems and the contingencies, which certainly is Puller and Senior Revenue Officer A.

cxisting changed

ed conditions which_we_are mumificent showing under

W. Grimmiti rade nccessful descents likely to see out here during the next, coalitions)

Heavy clouds still make their Waxing Street in extequence of addresses in Temple Street and few years. As for the Bank, it can "be counted on to do its rightful share, pearance on the financial horizon, which 37 defendants appeared before ing through the firing area affected. One last word. I think you will owing to the unfortunate dash bee, Q. A. A. Macfadyen at the Kow-/or by consenting to be tewed out of all agree that we owe our apprecia-tween the two great Powers with tion and thanks to the members of when we are so closely associated on Magistracy this morning. Over vessel acting under the orders of the the Stor who have worked in Eastern Trade-there has already 30.000 pills, & quantity of illicit anium, authorities. China throughout the phat year, been an appalling loss of life and 157 berola pfpeg and a eansiderable In cach China-port

we much misery, to say nothing of the amount of paraphernalia had been have branches there have been huge expenditures and the heavy e'zed. critical

In asking for a week's remand in difficult loss of trade. It is obvious that ware moments and occasions which have in every case or ineltients will undoubtedly half the case, S. R. O. Crimmitt said practice. been faced with courage and ability.heir serious repereistons and com-

Concerning an alleged heroin pili: I feel you can rest assured that your plications, and it is to be hoped that we be dealt with summarily. those controlling the destiny of these interests are in good hands.

also been ruided leg night by Mr. With these remarks, ladies and ancient Emples will be able to ar-factory in Shanghal Street, which of theletriamitt, in company with levrite gentlemen, I beg to propost the rive at an early wlution

Onteer J, L. Stephens, Chan Chol, 25. adoption of the Report and Account! Your remarks, covering the Cur- as presented, and after they have toms, Salt Administration and Rail and Long, 39, were similarly re-

seconded I shall be pleased 10 way Administrations which answer any question that may be denly woven into the financul fabric for mittal, as about 50.000 herdin asked, to the best of my ability of Calma, are especially interesting were aleged to have been found surances have been given regarding the premises. Ball was set at COOLIE HURT IN FALL

these interests which are so inter- $10.00 each. While

the national in choracter. With you, we working

board steamer Friesland yesterday, Yeung o realise the heavy responsibilitie? Ngan, 57, a coulie, fell from a height placed on

been

011

differences.

DIC

manded for a week on a charge of Sporession. Their care will be taken

and it is pleasing note that ar-

of 15 feet and suffered a fractured Frederick Maze, and we Jeft thigh. He was taken Kowloon Hospital.

to the

FATNESS WAS IN

THE FAMILY

But Mother, and Daughter Both Reduced

hears It One sometimes She'll run to fat like her mother," and it is true that fatness often runs

the shoulders of Siri

sincerely hope that he will be able safely in pilot all the International Interests involved to a successful Issue.

CHINA COAST HANDS

NEW MEDICAL PRACTITIONERS GAZETTED

I am particularly pleased to note! Four new names have been added your reference to those who "go to the Register of Medical Pracil- down in the rea in ships"; there are tieners entitled to practice Medicine also many others serving or this in Hongkong, according to this mor- Coast besides those mentioned by you, ṛning'a Government Gazette,

ardnout duties in a manner which

the Tokyo Women's

and one and all have freed their They are Dr. Yu Sisu-dong, who certainly upholds the highest tradi- qualified at tons of the Mercantile Marine and Medical College of Japan in 1929; siddererve the greatest appreciation of Dr. Luigi Curti, Doctor of Medicine and Surgery of the University of us all.

Rome; Dr. Roy Mar, Member of the I well remember our Chlef Mona College of Physlelans and Surgeons in families. But nowadays, overger stating at the opening ceremony of the Province of Manitoba; and Dr. Weight mothern are generally just as of this building over two years ago M. P. M. Itoh, who unwilling

as their daughters to that the Bank up to that time had Bachelor of Medicine and Bachelor graduated as remain 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; subsequent events have Hongkong in January this year. daughter. The letter published be proved with a vengeance that there low tolls what they did

was a great deal more that the or- "This is to say that i have reduced dinary Banking facilities necessary from 10 stone 3 lbs. to a stone 4 lbs, to meet the abnormal conditions re- through taking half a teaspoonful of cently experienced, and we do realre Kruschen Salts dally, and my mother the couragents manner in which Sir has reduced from 11 stone 4 lbs Vandeleur Grayburn has dealt with down to 10 stone b. We started | nll matters uppertaining to the

H.K. UNIVERSITY "GRADS" MEET

of

Univeralty of Hongkong recently held their annual dinner and meeting in the Singapore.

Graduates and past students of tho

in real earnest about three months successful carrying on of trade in ago. I cut out my cup of tea at its varying degrees. We Dro a.in, and 3 p.m., and mother cut out pecially plensed that His Majesty fried foods. As regards exercise, we the King bestowed upon him just took daily walks. Wo will honour of Knighthood which we feel Among the guests were Dr. Lim never be without Kruschen Salls in was so richly deserved-wo know Boon Keng and Mr. Parkeanu C. future, as they have proved a real

that he is procceding at an early Kwong, Manager of the Bank of remedy.(Miss) M.I.

date to England on a well earned China."

Kruschen.combats the cause of fat, holiday after his strenuous Inbours After the dinner a sum of about by assisting the Internal organs to and our best wishes will go with $450 was raised for the China Relief throw off each day those waste pro-him.

Fund.

ducts and polsons which, I allowed Mr. Chairman, Ladles and Gentle- The offelals for the current year to accumulate, will be converted by men, I - now formally second the are: President, Dr. Lim Eng Hoo; the body's chemistry into fally adoption of accounts as presented, Hon. Secretary, Dr. Ivy Tong: Hon,

and in doing so I wish to express › Treasurer, Mr. Chan Kul Chuan.

tissues,

LOSTI 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 half-way toothpaste-one that just cleans teeth-can't protect you against this or other gum irifection. To keep the beauty of your smile use FORHAN'S toothpaste. Because it contains a special ingredient which fer guards purn against in- lection, FORHAN'S keeps teeth sparkling white, guns sound and healthy. Guard your smile with Forline's. Buy tube today!

Forhans

BOTTI

10715

Cleans Teeth Sures Gums

Tiss OriginalToothpaste fore both TEETH AND CUMS Formula of Dr. 11. J. Forlan

Muller, MacLean &. Co. Inc. Fronch Bank Bldg., Hongkong, China,

Sole Agents:

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