1939-03-09 — Page 19

PALESTINE PARLEYS

To

Definite Proposal To Be Made By Britain

LONDON. Mar. 8.

Thursday,

ANNUAL MEETING

HONGKONG TELEGRAPH

BRITAIN SCORES ELECTRIC EASY VICTORY IN COMPANY'S SQUASH RACKETS

JUBILEE

With the unanimous approval of shareholders of the Hong- kong Electric Company, Limit

IT IS AUTHORITATIVELY announced that Britain is con. sidering definite proposals on the Palestine question, which might be submitted to the Arab and Jewish delegations earlyed, it was decided at the annual

next week.

It is understood that the British Government put for- ward certain auggestions ten clear days ago, and now has a idea of the reception by the Arab and Jewish delegates, although there are still some. details to be further considered. British It is thought that the Government is now in a position to work out what might be considered a possible settlement.

The rest of this week will be de voted to considering what is des cribed as the "Onal British proposal for an all-round agreement on Palestine question."

BRITISH ANXIETY

the

WAR MINISTER DISCLOSES BRITAIN'S ARMY PROGRESS

(Continued on Page-5.)-

light tanke considered to be the best of their kind,

RECRUITING

corn-

meeting this morning to pay a bonus to the staff and workmen In recognition of the company's Jubilee year.

To-day's meeting was the nftieth ordinary yearly meeting of share- holders and was held at the Com- pany's registered office, P. & O. Buliding.

London, Mar. 8.

At Queen's Club to-day, Great Brl- tain beat the United States at Squash rackets by Ave matches to nil.

In the top match, the British champlon, Miss Margot Lumb, bent: the American champion, Miss Anne

Page, by 0-1, 0-1, 9-0.

This is Britain's fourth win since the matches began in 1933-Reuter.

STOCK MARKET

REPORT

Quotations remain much the same, but the turnover was only moderate due to the shortness of the session.

March 9, 1939

A. Look

Through The “Telegraph"

50 YEARS AGO

Amateur Athletic Association, open to

are

March 9, 1889. Hongkong The

Athletic Amateur Sport to be held on The Race Courso Meadow on Saturday March 10, 1889,

1-Held under the Laws of the

πε Gortlemon Amateurs

who Members or vialtors of the Hongkong Club, the Club Germanie, the Victoria Recreation Club, the Ladies Recreation Club, and Commissioned Naval and Military Omcors. With the exception of certain races which are open to all.

·

The Annual Bighland Games of the 1st Battalion Argyll and Sutherland Highlanders, will take place on the 13th. March on the Race-course by kind por- mission of the Stewards of the Jockey

The following wil to open Eventai- 1-Ha Mile Isen, open to the Services, Valunteers, and Foilçe.

The Hongkong Stock Exchange Mr. H. V. Wilkinson, D.B.O. (Chair-official-summary issued 12.30p.m.Club. man of Directors) presided, and was yesterday, says! supported by the Hon. Sir Shouson Chow, Kt., Mr. T. E. Pearce, the Hon. Mr. J. J. Paterson, the Hon. Mr. Stanley H. Dodwell, the Hon. Mr. T N. Chau, C..., (Directors) and Capt. F. L Manager). Mar

Brown, 0.0.E. (Acting

Shareholders were represented by Messrs. Ko Koon Fan, E. E. Osmund, Lo Kai Wing. B. Wong Tape, .I. Gardner, the Hon. Mr. A. L. Shields, Messrs. A. McKellar, Wong Chi Po, Loung Shlu Lou, Leung Fattin, Chus Sent Choo, T. Gitting and Lo Yuk Τοπε

Alluding to the territorial army. Mr. Belisha revealed that half the of the suxillary establishment

women had territorini service for uiready been reached. The establish- ment of the national defence panies now had 0,500 to be raised.

the They would recall this year proportion of regular and reserve, The British Government is under-namely 1,000 officers and 10,000 other stood to be anxious to have dis-ranks. cussions with both the Arabs ami Jews in the course of the preparation

with recruiting, Mr. of their proposals which, when they come before the conference, will cor- Belisha mentioned that they had

The Acting Manager having read stitute what the British Government effectives in all ranks, exclusive of

meeting regards us the basis on which British troops in India and Burma, ne notice convening the would like

an 531,353, representing an increase of the Chairman sald:The Report and an agreement, it

months ago. They Statement of Accounts for the year agreement in possible, and while it 83,000 over 12 may be porcible to amend them had taken 10,000 recruits during the ended December 31, 1938, having

period been in your hands for the prescrib financial year-n detail, it is understood that the current

pur- when the demands of the Navy and fed period, I will, with your principles are to be adhered to.

than mission, lake them as read.

"The nett profit after providing Air Force 1ind. been

$2,142,141.02 and doubled since 1936. The shortage

10,000 on the present for depreciation

$206,002.26 brought forward would be

March 31. but with at establishment

The British Government still does not regard the position ns hopeless, and the conference will be continued Into

next week to see whether the Brillah proposals can lead to seltie ment.

If the proposals do not, then, given a basta for ngreement, it is stated that the British Government will announce its policy on responsibility.~~~Reuter.

its own

PRAISE FOR VICEROY

New Delhi, Mac. B. Almost universal praise is given by the press to the Viceroy for inter vention in the Rajkot dispute. The Congress organ Hindustan Times says that the Viceroy brought to bear on the problem his wonderful gift of resource, understanding Jathy-Reuter.

and sym-

£5,000,000 FROM BANKS IN HONGKONG

(Continued from Page 1.)

dinary circumstances, this fact would have had an adverse effect on Chinese exe ange, especially with London and Ne York,

FAITH IN CHINA'S SOLVENCY SEEN

London; Mar. B. Mr. Quo Tal-chi, Chinese Ambas-

selor to London, in commenting on

the Joan announcement, said:

"The British Government's an- nouncement of a joint exchange

Dealing

more

Report aml Statement

a slight improvement in recruiting from the Inst account, we have the the next sum of $2,400,133.28 for appropria- would vertake this in

Lion, financial year.

balunce we propose:

"On September 8, 1938, we paid The territorial army was actually over the establishment authorised at interim dividend of $1 per share, the beginning of the financial year which absorbed $600,000 and with the from 1938 to 1930, Tals had never been the ease in peace time before. With 77,000 recruits in 12 months, compared with 45,000 the previous year, recruiting had easily

To pay a final dividend

of $1.50 per, shore ab- sorbing broken To pay a cash bonus of $0.75 per share gb- sorbing

all records since the foundation of the territorial army, and they were raising the establishment to np-To write off investments proximately 250,003,

To pay a jubilee bonus to Staff and workmen ... To carry forwhird to next

account

$900,000.00

+50,000,00 147,276.21

MJSKD1

Canton Insurance $220 Union Insurance $4774 1.K. Fire Insurance $165 H.. K. Wharves $19 ILK. Docks (O) #IT H... Docks (New) $16.90 Taube 80%

K. Landi 130 ILK. Tramways $16.00 Yaumati Ferries (Old) China Lights (Old), fabo Chink Lights (News 13% HK, Electrics 150% Macao Electries $1 Sandakan Lights $10.00 Canton Icer $1 Cements $15.30

R.K. Ropes

Watrons $7.00 Wing On (LIC) 142 Entertainmenta $7 Vibro Pling 14

H.K. Govt, 4% Loan 2% pre, Marsmans (LX.) 4/11 Sellers China Underwriters $0.50

Bales Houkung Blank $1,400 Bank of East Asla 200 Union Insurance $430 Dontlases 403

II. & S. Ilotel $0.00 Star Ferries $67%/35 China Lights (New) $16 Watzone $

Anlamaka Pa. $3 Atoks 30

lingulo Gold 30%

Benguet Costsoldated 13.06 Coco Grove 44

Demonstrations 12

1. X. L. 37

San Mauricio 2.15 Suyoc 21

United Paracales 68

SURVEYORS MEET

F.8.1+

A Milo Race, 3-Highland Fling. 4-Award Dance,

6.-'ipers Competition (to play Quick Stop, Strathapey, and Reel) open to tho Warid. Entry 60 cents.

of Team

6. Tug-of-war. Entrance $6 each Team.

25 YEARS AGO

Ten;

March 9, 1014, The Right Hon. Me, C. Hobhouse, Pontmaster General, states that the no- called three way wirolean station will be erected in Egypt instead of East Africa. It will be able to communicato with England, a distance of 1,950 miles; Indin, 2,660 miles; and East Africa, 1,500 miles.

10 YEARS AGO

March 6, 102.

Mr. W. J. Carrie, succeeding Mr. G. R. Sayer as Head of the Sanitary Department, prealded over yesterday's meeting of the Sanitary Board. There were also prosent the Hun. Mr. H. T.. Creasy (irector of Pubile Works). the Hon. Mr. J. P. Braga. Dr. H. A. Fawcett (31.0.1.), Dr. W. V. M. Koch, Dr. . C. Ho, Mr. Woag Kwang-tin,

n the Secretary, Mr. J. Watson. The business before the meeting was of a routine character.

The Colony will to-morrow lase one of the most popular G.0.C.'a uver mp- painted to Hongkong, in the person of Major General C. C. Luard, C.B., C.M.G.. Miss whu, togather with Mrs, and Luard, is leaving for Huma on the tenopship Dorsetabire.

Some changes of personnel have taken place un hond the steamers on the Hongkong-Canton and Hongkong-Macan run, but only these owned by the Hong- Company are concerned.

Canton and Macno Steamboat

The eleventh annual general meet 43,076.22 ing of the Hongkong and China MOBILISATION PLANS

Branch of the Chartered Surveyors

konk last Tuesday 267.889.65 Institution was held Dealing with mobilisation plans,

that within which I hope will meet with your when the following omcers were Mr. Hore Betisha said

Mr. A. II. Lake took the 1.8. Su! Tui elected for the enguing years

to Macnu yesterday afternoon, whilst four days 200 mobilisation centres upproval.

"The proposed dividend and bonus

Chairman, Mr. W. A. Cornell, rs... the master of that vessel WAL in would be open serve all the nghting forces. All arrangements at are 25 cents better than last year, FR.B.A.; Vice Chairman, Mr. J. Ring, charge of the 5.4. Taishan to Canton, P.S.I., B.Sc. (Eng.) Members of Com-where it in understood, he will take these centres had been made, and and although we have not added to

over the command of tho . Kinahan, the British Legion had offered help in the reserve I feel sure you will ptice, Mr. N. L. Sparke,

The personnel of the .. Bul An ro providing extra army recruiters and prove the proposal to weite of the (Shangbal), Lt. G. C. Richards, R.E.

inal unchanged. clerks. All recruits, after mobilisa-fall in the value of our investments FAS, Mr. M. I. De Ville, PASI,

Honorary tion, excepting those undertaking which has now been shown in the

would be balance sheet for tve years.

Richardson. F.5.1. engagement, normal

"Our investments are all in good enlisted in the territorial army for

local dividend paying stocks and we the duration of the war-Reuter,

dividends con- in have received siderably more than the losses we from 1888 to 1910 and the Company's

Lendon

Representative from 1910 now propose to write off.

and 50 ably guided Company through its

AIR RAIDS CONTINUE

(Continued from Page 1.)

Secretary,

Mr. J. E.

early well We

"The output from the Generating until 1030 Station during 1938 was 64,610,228 the units, an increase of over 5 million troubles is still enjoying a units, or 8.88% over 1937, and you earned retirement in England. will notice that the profit on working realise that the success of the Com- is $260,624.10 more than last year. pany is due in no small measure to

Hates Unchanged

the loyal efforts of our Agents,, Star stabilisation-fund-for-China-doubly base,-und muss.altucked the so-called. reflects China's solvency alike in her "Red Route" in the Kansas province.This satisfactory-result-has-been and Workmen.

It is usual for the Chairman, on finance and trade, and in her terrl- The aeroplanes ralded Yungchang, obtained without any increase in our

and the Directors behalf. to torial and administrative scope.

1,600 miles by air from Shanghai, standard rates for current and in spite your "Britain's co-operation with China thereby including in the war opera-ut an increase in the cost price of thank the Manager and his Staff for their loyal services during the year, at this juncture Indientes the In- tians, the north-western confines of coal of 45% and of considerable ex-

to our penses caused by a serious break but this year, In addition creasing awareness think Western China proper.

thanks I feel sure you will approve interests at Hame and in the For The Japanese airmen reported that down on No. 7 Turbine last April.

"Gross Bad Debts al $723.91 are the the bonus which your Directors

pro- East can best be maintained by the Yungchang was undefended against fullest legitimate support for Chine. air attack, enabling the raiders to fly lowest on record.

"The loss on realization of invest-Pse should be granted to the Stat In recognition of this special occasion. The arrangement will be warmly at 500 feet when bombing the depots

"I now propose that the Report and welcomed by my country, not only and other establishments within the ments was on the sale of "Star" Ferty |

Statement of Accounts as presented for its material help, but also as walls of the city, which lies in the shares.

"Full depreciation has been allowed for the year ended 31st December evidence that the community of shadow of the Great Wall, situated in British and Chinese interests is to be the valley of the Palting River, fer at $724,377, an increase of $43,470. 1938 be adopted and when this has "The expenditure on Copii Ac-been seconded I shall be pleased to protected." Reuter,

count this year has been $1,510,360, answer, to the best of my ability, three quarters of which was at the any questions you may desire to ask."

COMPANY CONGRATULATED Generating Station.

The Hon. Mr. A. L. Shields, in seronding the proposal suid:

and

separating the Lungshou mountains HOW LOAN WILL BE MADE and the Alasan plicau in Inner

London, Mar. 8.. Mongoliu. Sir John Simon, announcing in the Other Japanese formations raided

of Lanchow. House of Commons the formation by Pingliang. cast the Chinese Government of a stabil bombed the aerodrome and sation fund of £10,000,000, said milliary establishments for half an that two British banks had agreed to| hour. subscribe £5,000,000 between them, Sion, the capital of Shensi was also the remainder being found by two bombed to-day.Trans-Ocean. Chinese Government bunks.

The British banks had agreed to subscribe the amounts subject to re-i celving an undertaking from the Treasury to reimburse them against. loss.

The Treasury agreed to give the banks such a guarantee, and a BILI was being prepared to give legisla- tive approval to the proposal.— Reuter.

NO BRITISH PLANS FOR PEACE INTERVENTION

(Continued from Page 1)

other

U.S. COMMODITY

PRICES

LATEST CABLED

"I

The following are the changest Mr. S. J. Carter s... Lungshan as Chief Ofcer vicu Mr. J. Itaten.

Mr. T. W. Spenco io n.s. Lungahau na 2nd, mate vled Mr. A. II. Lake,

Capt. Pritchard, to Taishan as master

vice Capt. E. Prigent.

Mr. A. 11. Lake to .. Taishan us Chief Ofeer.

Mr. T. Ogier to n.. Talaban sa 2nd. mate vice Mr. S. J. Carter.

Mr. C. 0. Lawrence lo 6.8. Talshan vier Mr. W. A. Piper.

Capt. R. Stewart to .. Kinakan un

master vier Capt. T. Pritchard.

Mr. 1. per to . Einahan na Bnd. Engineer vico Mr. E. J. Bucknali. |—Mr.-J.-Holen-to-ma:-Bul-Tui-na-maxlor-

vice Capt. It. Stewart.

Mr. R. Keen to Sui Tai as inte.

Mr. T. 0. 19. Harmon from shere luty to .. Sul Tal as Chief Engineer.

5 YEARS ACO

March 0, 1074, The reinforcement of the Austring Government forces in the region of the Austro-German frontier was the sub Ject of an important oficial statement Yesterday afternoon.

A German ofelul taid Router: "1 the strengthenet Helnwehr garrisons on the Tyrolean frantior are merely

waiting for an attack from Germany they might just as well pack up and go

home.

The official spokesman added that Herr Hitler had repeatedly stated that Germany would not interfero with Austrin and he meant what he said.

*

Labour control of the London county copacil for the next three years is virtually assured.

The Municipal Reformers have re ceived a succession of shocks as the Council Elections- hold throughout revented heavy London yesterday swing to Labour.

The Labour Party did not lose a single seat in the election.

with the

"The 15,000 kliowatt Turbo-Alter- nator was completed and the set put into operation in August, and I am

"In rising to second this the 38th glad to be able to tell you that it is Annual Report, I desire to congrata- late all concerned on the excellent Hiving very satisfactory results.

"By the end of the year god peresults which have once again been Hress had been made with the erec- tion of the new 100,000 lbs. per hour placed before us.

"1 have been a resident of this Stirling boiler which has since been Colony for thirty years and during put in commission.

"Additional concrcie bins for coal the whole of that time the stock of storage were constructed and a start The Hongkong Electric Co., Ltd. has made with improvements to the Cir-lways been looked upon as one of the safest investments anyone could culating Water System.

"As regards the distribution system, desire to have.

The work in connection am sure the public fully appre- Central British School was not pro a rectifer was installed to deal with Increased load on the Hongkong Company provides for them and if concern for the hospital needs on the ciates the reliable, service wiilen the grossing as antinfactorily as it might; Tramways, additional switchgear and transformer were installed at there are people who are not quite Mainland; the remarkable improvement New York, Mar. 8.

East Point utisfied with what they get for their in postal servicos; and a hope that re- the Dairy Farm Co.'s New York Cotton

Works, now substation was built money, I advise them to make en-consideration by the Government of the and equipped In Kennedy Road, the quicles as to the cost of a similar sup-question of felling the trees in Nathan Opening Closing duplicate, high tension

to ply in other parts of the world.

**I note with satisfaction that the 8.62/03 Stanley was complets, and numerous Board are continuing the policy of 8.34/35 0.24/25 8.14/14 8.01/01 "Meters connected increased, by moviding ample depreciation, ny Kowloon Realdents Association held in 7.07/00 7.55/55 3,432 to 40,510. Part of this Increase hold that this is essential in these 7.63/63 7.52/52

la doubtless due to the abnormal days of rapid advance in Scientific 7.00/00 7.53/63

times, through which we are passing; and Engineering practice. 9.02 N

" cordially support the 'Directors' 1 anticipate however a falling off in March the number

of meters connected proposal to write down our invest when normal times return.

inents to their market value, JUBILEE MEETING'

QUOTATIONS

Murch (1930) 8.74/74 May (1939)

has already signifled his approval of July (1930) the appointment-Trans-Ocean.

JEWS RECALLED

Oct. (1930) Dec. (1939) London, Mar. 8. Jan. (1940)

The remaining American members) Spot

Murch

New York Rubber

of the Jewish delegation to the The Inst Notice day for Palestine conference, Mr. Louis Colton is March 17th. Lipsky, and Mr. Robert Zold, after consulting with the Jewish Agency executive, have left for New York, according to the Palestine Corres- May, pondence Bureau, which understands Sept. that they were recalled by the Dec. American organisation they represént. Mr. Rose Jacobs, American member of Jewish Agency for Palestine, wil remain in London pending further developments.-Router Special.

May July

Chicago Whoat-

-- 08/00% 08/08% Tuesday's Sales

for

674/07% 60/083$ 004/08%

feeder

small extensions were made.

Rond would result in a permanent decision to proceed no further, wure points dealt with by Mr. C. E. Terry, president, at the annual menting of at

St. Anilrow Church Hall last evening. Mr. Leo D'Almada e Castro, jnr., was elected President for the ensuing year, and Mr. 31. F. Bunjo vice-president.

The following wore elected to sorve on the General Committee.Messrs. R. F. C. Mow Fung, C. M. Menners, Pestonj, W. Goldenberg, Li Chor-chl,

"I am sure. Shareholders will Join B. Wylie, T. B. Wilson, H. F. Un, C. "No doubt you will have noticed with me in appreciation of the pro- Terry, F. Kern, Lam Ming-fan, I. N. that this is our 50th annual general posed dividend and bonus and will Marray, W. J. Halter, Capt. 1. Hender. meeting; the 50 years of the Com-heartily approve the grant of the son, Dr. R. A. Castro Basto, Rev. E. I. pany's existence has been a period proposed Jubilee bonus to our Star Allen and Lt. Col. E, D, Matthews.

extraordinary · progress in all and Workmen on the occasion of the

10.70/70 16.72/78 16.78/70 10.03/01 10.72/73 10.03b/800 18.73/73 of To-day's Sales:-980 tons.

branches In Science and Engineering completion of the 50th year of the The last Notice day Rubber is March 20th,

March and many changes have taken place Company's operations,

in the machinery and plant which It gives me great pleasure to this, Company has used, is provide second the proposal that the Report Hongkong with its electricity supply; and Statement of Accounts às pre- from small beginning thie Com-sented be approved."

DIRECTORS ELECTED pany has grown from strength to

Mr. H. V. Wilkinson, the Hon. Sir strength, and I think we may justly say that we, now give as cheap and Shou-son. Chow, the Hon., Mr, T., N 2,941,000 bushels reliable a supply as any other supply Chou and Mr. T. E. Penres Word company, of our capacity, and at the elected as Directors on the proposal same time are able to provide share of Mr. Benjamin Wong Tape, 48/48% holders with a reasonable return on seconded by Mr. J. Gardner. This 494/494 their investments,

was carried unanimously. 50/% 00% 1 doubt if any of the original. The re-election of Messra. Lin- shareholders remain in the list of siead and Davis ad auditors was pro- 0014/01 shareholders, but I am happy to tell posed by Mr. A. McKellar, atconder 01/01 you, that Mr. W. H. Wickham, who by Mr. Loung Fottir, and carried 03/02%, was Chief Engineer and Manager unanimously.

Spelling Bee Sp

HOW

Tow many of these toords are correct and what is wrong with

- the others? *..

stattform. poltergfest

strattisphere

arrogation

May

July Sept.

Chicago. Cor 48% 40% 504/50%

51751%.

polygamist beguncatrowey-NA English. Orford Dictionary spell" | May inpr of these words will be found on July

piane

1Oct.

Winnipeg Wheat:

02/01 02/0214!

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