1939-03-27 — Page 35

P & O-BRITISH INDIA (APCAR) AND

Monday,

HONGKONG TELEGRAPH

Märch 27,

ANNUAL MEETING

1939:

EASTERN & AUSTRALIAN LINES Newspaper Critic Supports Annual

(Companies Incérporated - In England.).

Taking Cargo on through mill of Lading for STRAITS, JAVA & BURMA,. CEYLON INDIA. IHANIAN GULF, MAURITIUS, E. & B. AFRICA, AUS-

AND NEW ZEALAND

QUEENSLAND "PORTS, TRALASIA, INCLUDING RED SEA, EGYPT, EUROPE, ETC.

PENINSULAR & ORIENTAL, FORTNIGHTLY DIRECT ROYAL MAIL, STEAMERS (Under Contract with 11,31. Government)

All vessels may call at any port on or off the route.-and the route und all sailing are subject to change or deviation with or without notice. Tons From H'Kong about

Steamers

CANTON

10,000 1st Apr.

*ALIPORE

6,000 10th Apr.

14,500 | 15th) Apr.

CORNU **SOMALI CHITRAL. CARTHAGE:

BANGALORE

RAJPUTANA

RANCHI

**BHUTAN-

• Carro'only.

SHIRALA

TILAWA

SANTHIA

TALMA

SIRDHANA

7,000 21st Apr: 16,500 20th Apr. 14.500 13th May 5,000 20th May 17,000 27th May. 17.000 10th June 6,000) 17th Juric

+ Calle Chanblanca. DJTISH INDIA. APCAR

8,000, 8th Apr.

10,000 22nd Apr.

0,000 6th Mög

10,000 30th May

10,000 3rd June.

Destination

Marsollies & London.

Straks, Colombo, Bombay & Karachi.

Marseilles & London.

B'bay, M'scilics, Havre, L'don, Hull, H'bg, R'dam & A'werp, Marsellies & London,

we

D'any. M'zeilles, Havre, L'don, Hull, H'bg, R'dom & Bomboy, Harscilles & London. Bombay, Marseilles & London. 'bay, M'seilles, Havre, Lidon, Hull, H'bg, I'dam & Awerp. All vessels may call at Malta SAILINGS (SqUTH)

Port

Swettenhain, S'pore, - Penang Rangoon & Calcutta. DO. DO.

DO. DO.

1. 1. Apear Lise 'Steamers have excellent accommodation for: 1st and 2nd Class заместв

NANKIN

NELLORE

TANDA

EASTERN & AUSTRALIAN SAILINGS (SOUTIL)

7,000 1st Apr. 11 am. Manila. Babaul, Brisbane, 7,000 5th May:

& Hobart

7,000 3rd June.

Sydney, Melbourne

Regular monthly sailings from Hongkong to Shanghat and Japan and 'kong to AustralA.

Hong Kong to Sydney-10 days,

SAILINGS TO SHANGHAI & JAPAN,

10,000 20th Mar.. p.m. Shanghai & Japan.

Shanghai & Japan.

Shanghai & Japan..

TILAWA

CHITRAL

18,500 301 Mar., Noon.

NELLORE

7,000 8th April

SANTHIA

8,000 13th April

CARTHAGE

14,500) 13th Apr.

RAJPUTANA

17,000 37th Apr,

TALMA

10,000 27th Apr.

Shanghai & Japan. Shanghal & Japan. Shanghai & Japan. Shanghai & Japan.

* Cargo only,

All dates are approximata and mibject to alteration without notice. Parcela measuring not more than 5 c.ft. will be received at the Company's Office up to noon on the day previous to sailing.

For Passage”Rates," Handbooks, Freight, etc., apply

Connaught RC.

MACKINNON, MACKENZIE & CO. Pho

Agen

CANADIAN PACIFIC

STEAMS

HOTE

via Shanghai, Kobe & Yokohama

Report Adoption at Annual Meeting

M

THE CRITICISM in anonymous letters to the Press of the Company's policy in retaining such a large proportion of profits for reserve instead of passing it to shareholders as dividends, was withdrawn in part by tho writer at the ordinary yearly meeting of the Hongkong & Whampoa Dock Co., Ltd., held in Queen's Building at noon to-day.

BANK NOTICES

THE CHARTERED BANK OF INDIA, AUSTRALIA & CUINA tacorporated by Royal Charter, 1853.

| Paid-up Capital

Ileserve Fund

£3,000,000

* £3,000,000 Reserve Liability of. Proprietors £3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate, E. C. 2. ¿ Sub-Agencies in London: 117/117, Lexdenhall Street, E. C., 3. West End Branch: 14/10, Cockapar Street, S.W.L. Manchester Branch:

71, Mosley Street, Manchester.

AGENCIES AND BRANCHE::,

The Chairman, the. Hon. Mr. | ters to the Press, to which for obvious that I am the author of two letters which appeared in the South China 3. H. Dodwell said the working reasons, we cannot reply,

BELAVIA The views of shareholders ure, of Morning Post under the pseudonym account showed a record profit course, at all times welcome to the of "Investment," and, therefore, am but the Company had to look Baird, and I hasten to assure them privileged to accept the Chairman's ahead to such things as the re- that the question of appropriation on very mild rebuke for so writing to sumption of outside work by this occasion has had more considera-tho Press, Japanese dockyards and the tion than perhapa it ever had before, lower prices obtainable in Shang hat at the present low dollar rate.

Hankow Harbin

THE BANK OF EAST ASIA, LIMITED.

Authorised Captial **** Paid-up Capital man Reserva and Undivided

$10,000,000.00 $1,500,000.00

.דיי

Profits ************ $ 2,023,032.01 HEAD OFFICE-HONGKONG

10. Des Voeux load Central.

BOARD OF DIREcrans

Ble Showson Chow, Chairman.

Li Lan Banit LJ Hoon Chan, Baq. FIL:Kwok, EKG. Wong Chu Son, i

Wong Yun Tong, Esq. Kan Ying Po, Esq. Chang Chung Back, Eng JungringWah,g. KAN TONG TO; Esq, Chief Manager,

• LJ THE FONG, Msg, Manager,

BRANCHES AND AGENCIES:

Amoy Batavia Bombay Calculia

Koba

Kowloon

Lantion

Mandia

Pelping Penang Rangoon

Sairan

Ban Francisco

Alor Star Amritsar

Beattie

Bangkok

Bombay Calcutin

Hongkong

Agencies:

Clive

Iwo doubt

Fairilo

Street

Place

Ilotta Ipoh ...Karachi Klang Kabe Kuala

Папкооп Halzon Seremban Bitanghal Singapore Hitawan "Saurabaya

Melbourne

Semarang

Nagasaki

Khanghai

New York

Singapore

Haiphong

Paris

Sourabay

Jankow

Bwblow

· Honolulu.

Sydney

Tientaln

Telping

Vancouver

Canton Саипрого

Lumpur Kuching Madras Marula

Tientsin Tungkah

(Bhuket)

Tsingtao

Yokohama

Cebu

Dolht

Colombo

New York Priping

Haiphong Hamburg

FOREIGN EXCHANGE

informally discussing these The Board appreciates only too well letters with Mr. Cock, some the sacrifice made by shareholders in was expressed of my willingness to 1935, and have every reason to be second this Resolution, but in reply lieve that that sacrifice will prove I stated I should be particularly eventually not to have been made in pleased to and thus have the oppor- There were present at the meeting vain.

tually of expressing the views of the Hon. Mr. Dodwell (Chairman). At the same time when we refect several shareholders who have up- Mesars. D. F. Lundale, J. W. Jessen, upon the uncertainty of the outlook proached me recently, S. T. Williamson, Hon. Mr. M. 1935-only three years ago—it is I may have litle of your time Lo, Mr. D. Drummond (Directors), surely too noon at the beginning of I will very briefly outline my attitude Mesura. E. Cock (Manager). E. L. 1039 to permit ourselves to be towards the Company, Hosic

(Secretary), W. W. Rac, carried away by the results of two Ever since this Company was re- M. H. Lo Leung Fal-tin.

abnormal years trading. For these organised and placed in the hands of Koon-hang, Lo Koon-kan, G. V. Two last years must be caneldered as our Chief Manger, so ably supported Marshall (also representing A coming within that category.

by Mr. Hosie, the pubile has had the David), Shum Hip-tong, W. Brown,

greatest confidence in the Company. A. Vaswani, W. L. McKenzie, N. V.

and my confidence is strengthened A. Croucher and Wong Pak-kan

by a casual remark made to me by (shareholders).

Mr. Cock had been when that re-organisation

CHAIRMAN'S · SPEECH ·

FEAST AND FAMINE. One of the great difficulties the Management has always had in the past and which I fear they always will have, is to keep our work on an The Chalaman said: The, figuves even keel. Only too often It has been which your Board have the pleasure in case of feasts alternating with to put before you have had our famines, and Invariably the most serious consideration.

sumptuous the feast, the more severe the famine.

more

completed.

"I WILL EAT MY HAT” Mr. Cock snid: "If I can't make the Company pay 1

I will edt my hat." As, apparently, Mr. Cock does not appear to have eaten his hot, there is no reason for anyone to lose con- dence in the future of the Company. irrespective of when, and what, com- petition eventually may have to be faced,

Medan,

Peking)

Perang

and General

and

Banking Business transacted.

CURRENT ACCOUNTS opened

Every description of Banking and change business, transacted. Loans grand- ed on approved securities.

Current Accounts opened in Local Cur rency and Fixed Deposits received FOR one year or shorter perioda in Local andi Foreign Currencies on terms which will be quoted on application.

Safe Deposit Boxes To Lust.

KAN TONG YO,

Chlet Manager,

FIXED DEPOSITS received for One Year CONSIGNEES' NOTICES.

or shorter periods in Local or Other Cur rencies at rates which will be quoted on GRAVINGS

BAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates abiainable on application. The Bank's Head Office in London un- dertakes Executor and Arustee business, and claims recovery of Brillas income of the Agencies and

N. A. CAMIDGE,

Tax overpaid, on term which may be ascertained at any

Branches

Manager,

N. Y. K. LINE (NIPPON YUSEN KAISYA)

From EUROPE and STRAITS. The Steamship

"SUWA MARU," having arrived 'from the above ports, Consignees of Cargo are hereby in- formed that their Goods are being landed and placed at their risk in the Hongkong and Kowloon Wharf and Godowns at Kowloon, whenco delivery may be obtained.

A Look Through down Company's The "Telegraph"

Goods not cleared by the 1st April, 1039, will be subject to rent.

The year commenced with nearly

What we all want I am sure, is a all our typhoon repairs completed, the exception being the Talamba" steady return on our investments.

our share which did not leave our hands until one that is fair alike to

Damaged packages must be left in March 15, 1938.

holders and our ellents, and which,

the Godowns for examination by the The Improvement which we anti-in time, will give the Dock Company But to revert to those two letters

Consigneo's and the Co's represents- cipated, and to which I referred in its proper place amongst the sound addressed to the Press under the

50 YEARS AGO

tives on any Tuesdays. and Fridays my speech last year, was greater and stable industrial investments of cloak of anonymity, I sincerely hope

March 17, 1880. they did not cause any offence to

at 2.30 p.m. within the free storage than we expected and the gross profit the Colony,

For the examination of The ploty of Holy Adelaide has dis- period. To attain that end a conservative the Directors or in any way insinuate of $2,121,023,04 is the largest we have

covered a solomn warning in the con. ever earned by work, for in our best non-opportunist polley la obligatory that I was trying to indicate a want

It flagration of Miss 'Shane, a barmaid. damaged dutiable goods, the con- previous year, namely 1821, we were to-day, and although the adoption of of confidence in those Directors. This unhappy nymph was heating her nigates must arrange for a Revenue

can but helped by exchange fluctuations appears to have once more plunged it is felt that I did. I

All claims must be presented with- which

worked out in our advantage, some shareholders into the mists of apologise and, if so desired, would furling longs at a spirit lamp, when the Officer to be present, The net profit is $1,005,471.02 and disappointment. It is, in the conalder-willingly call for a vote of confidence, brought about results as usual. The in ten days of the steamer's arrival shows the effect of new Construction

ed judgment of your Bourd, the only I have great faith in the Directors accident is generally regarded (in re here, after which date they cannot in that it is less than might be ex- course, if these mists are ever to be myself, but I did, and do still, feel deemed circles) as judgment upon poor be recognized.

tion Miss M'Shane for endeavouring to make pected, while stocks of materul dispelled by the continuous sunshine that a more generous consideration her head look more beautiful than ever, er dhareholders was justified on the with a view to luring young men on te which are reduced from $3,321,261.27 of regular dividends. to $2,619,379.11 are likewise govern

figures for 1938. 1 fully appreciate destruction, both of the liver and the ed by the new work in hand and are

that Reserves must and should be soul. .at values less than replacement

built up, but I do not perhaps take prices.

Depreciation is on the usual basis und is considered ample;

OVERDRAFT REDUCED1

lathe

SHANGHAI INSECURITY We must bear in mind that during the last two years there has been a such a pessimistic view of the future

down and &c., 1

*

No claims will be admitted after the goods have left the Godowns

No fire insurance has been effected. NIPPON YUSEN KAISTA. Hongkong, 25th March, 1839.

Martial Law In Canton

the

The following are the incomes of late It

rufera:-The leading European certain indun! of insecurity in as, apparently, the Directors do.

Emperor Willam is credited with hav- anghal where the Yards have been is obvious that the Company cannot in anved £3,000,000 out of his public working under very considerable make a profit unless it is sufficiently allowance. Switzerland Freta along hardships; while, at the same time, and suitably employed, but

the

President who is pennantly with # You will observe with pleasure, 1 the vast shipbuilding und engineering amount of such employment to show antislied with the modest anlury of

Canton, Mar. 27. very different 4000 a year, Dear II of Sweden and trust, that, due partly to your sup-resources of Japan have mainly been a satisfactory year is

rubs along comfortably an Cunton city was placed under port of the new issue, the overdraft occupied in sot sfying national re-one to what was required before the Norway

£110,000 that his subjects gracefully pay strict martial law the other day on is down by $2,280,2068.32 on last year, quiremeals. When things return to re-organisation of the Company.

Hormal, we must expect to feel the It may be impertinent to venture him. The Czar of Russia is credited the occasion of the arrival of Prince

with receiving 1,002,600 upward TO CANADA, UNITED STATES and EUROPE but nevertheless is still substantial.

During 1938 we brought our gian: embarrassing cTects of their activi- to express an opinion, but I believe from his domining, but upward an Asoku, a member of the Japanese

ties, especially from Shanghai it crane into full use and it has fully China's national dollar remains at Its more efficient state then it bas been Emperor of Germany) a not badly

and hope the

Company is in a much unlimited term. The King of Prussin family.

The Prince, who landed in a plane Justified its purchase and erection

resent

level, Prudence, therefore, for some years and, that being so, fixed." The Kingdom of Prussia PAYA from Forthosa, is on we inspection We also purchased a large.

slm £302000 and besides that he has trip-Reuter we conserve out therefore follows that the neces EMPRESS OF ASIA via Honolulu....7.00 a.m. Thurs, Mar. 30.

great private domains The novarefgn which has been installed in a sem-demends t

of sunny Italy annually takes £100,000 abandoned, EDIPRESS OF CANADA vla Honolulu.....Noon, Fri. Apr. 14.

site until it can be transferred resources, always keeping it within sury employment of the Company to porary sit

machine shop our power, without again dangerously show results must be correspondingly out of the pockets of his impoverished to the new heavy .Noon, Thun, Apr. 27.

subjects for the sale behoof of himself last year. The increasing our overdraft, to improve easier to obtain.

The following will represent EMPRESS OF RUSSIA via Honelafo

which I referred to EMPRESS OF JAPAN via Honolulu

Noon. Fri., May 12,

heavy shop is still under construction our equipment and facilities, and -DEPENDENT ON DIVIDENDS and kin Milan, King of Servis, has II.K.C.C. against the Navy in the

the forefront, Many shareholders of to-day are had a pretty tough time in governing at this date but should be ready for keep ourselves

Under our present Chief Manager very

dependent

his pelty kingdom of less than 2,000,000. Triangular League, K. Hancock {Cap on dividends He and his kin cunt the little limited tain), H. N. Anderson, C, C. Clarke, D. use by the end of 1930.

Investments and During the year we completed 17 and with our lively recollections of from

they not monarchy £60,000. The ruler of Bavaria E. Doanelly, R. Kennedy, M, H. Hass, new ships with a total tonnage of 11, several years of difficulty, you may unnaturally want as big a dividend is allowed only £320,000 year, and S. 8. Moore, T. E. Pouree, R: A. Stokes,

rest assured unt, in this respect, no jas

is possible to get, but I hope none out of thin, sum he has to pay for R. P. Thursfield, H. L. D. Wodehouse.

10 YEARS. AGO extravagance will be permitted, but would urge the Directors to adopt clothes and provisions for bis family

March 27, 1920. In pocket money. only such improvements as make for ព policy without thought of the and to keep them

The Emperor Francis Joseph of Austria Fighting on a very heavy scale os Lust year I referred to the fact that economy, efficiency, and the enhance future, and, conversely, few would may be a wise and valuable skipper to more than one front is now. It we had orders for five Diesel engines. ment of our reputation in the eyes of endorse what I may perhaps be have on board the Ship of State, but between Nanking and Wuhan. It is not

permitted to describe GS Our first Diesel engine ran its shop shipowners.

the too with £2,204,500) year he is inadequately quite certain when war actually broke trials on May 13, 1938, and was in-

MORE SOUND

conservative policy which some of recompensed. The King of the Delglans out, but Nanking oelals have been stalled in the Motor Vessel "Mamutu

us think has been adopted towards has just about as much as he can do unable to keep up their strenuous to keep himself supplied with plo and denials of actual confilet in the face of which left Hongkong in June. Our

When the earning power of these 1938. second and third engines were improvements, some of which I have If, instead of carrying forward to confectionery on the $102,000 a year the arrival of more wounded troops, that his grateful subjects turn over to and the sudden announcement of the Ne alrendy mentioned, ställed in the Motor ship "Matalele"

a been 1930 $373,107 odd. little more him. Queen Victoria rakes in some intended departure of Marshal Chiang which was delivered to her Owners, established; the Board will un thought for the shareholders had thing like £385,000 for doing nothing Kai-shok for the front. A massage, re- Messrs. Burns Philp & Co. Ltd. in doubtedly give careful consideration been given, a general disappointment but creating mischief. November 1838. Two more engines to the capitalization of the reserves would not have been created. for these owners are shortly due for this employed. They regard this delivery and would like to thank Messrs. Burns Phlip and their

Air-conditioned equipment on C.P.R. Trans-Continental Trains Frequent Canadian Pacific Atlalle sailings to European Perla

TO MANILA

EMPRESS OF CANADA

.Frt.. Apr. 7. .Thurs., Apr. 20.

Telephone

20752

EMPRESS OF RUSSIA

Union

Building

Canadian Pacific

PRESIDENT LINER

SAILINGS

SAN FRANCISCO AND LOS ANGELES

via

SHANGHAI, KOBE, `YOKOHAMA AND HONOLULU

·S S "PRESIDENT COOLIDGE"

S "PRESIDENT TAFTO

8 S "PRESIDENT CLEVELAND"

SS "PRESIDENT PIERCE"

"PRESIDENT COOLIDGE"

S "PRESIDENT TAFT".

SAILS APR. 10th

D.11. ut 0.00 APR 21st at 8.00 SAILS MAY 5th at 8.00

MAY 18th at 6.00 3.m SAILS JUNE

3rd at 12.00 Noon JUNE 10th at 0.00

a.m.

And fortnightly thereafter,

NEW YORK AND BOSTON VIA SUEZ

S "PRESIDENT MONROE"

S "PRESIDENT ADAMS"

SAILS MAR. 20th at 9.00 pm. APR. 14th at 12.00 Noon

And fortnightly thereafter, MANILA

S.8 "PRESIDENT COOLIDGE”

B.S "PRESIDENT TAFTU

tatto

8 A "PRESIDENT ADAMS"

SS "PRESIDENT CLEVELAND"

013.

DIESEL CONSTRUCTION

method

hus

BONUS TO STAFF

any remarks on the relationship of the amount paid in dividends and/or to the Staff. Such comparisons are bonus and the amount paid as bonus odious. It is the Staff we look to

successful years and I should like!

25 YEARS AGO

March 27, 1914. THE ULSTER CRISIS' Government Threatened With Widespread llevoll Reely," Malster for War, Realgas

25 years ago.Ed.) (ileadlines explain the nows of the day

Col.

•

ceived from Shanghai at eleven o'clock this morning gives details of sovere fighting on the lipah-Anhul border be tween Hankow: troops under Generad Yip Kl, and Nanking troops commanded by General in Tau-ya

►

•

...

of compensating share- And, here, it is opportune for me Superintendent, Mr. Corrighan, for olders for their past sacrifces as to disassociate myself entirely with egunder one than the distribution of the trust they placed in us in this large dividends during abnormal

Eighty-nine per cent of the electors new branch of our netivities. These years, which cannot be maintained,

voted in the elections-all over Italy. the Only 130,000 cast votes against engines on the Burmeister & Walk and I trust therefore is may pred System have been built under sub- feasible in the not too distant future.

Government List of candidates, 8,000 llcence from Messrs. Harland & Wolff,

From the point of view, niso, of for was that when we reach those statos that in a speech at a banquet, i weea for the Government. The general Reator's correspondent at Melbourne spoilt their pupers, whilst the remainder obscurity Ltd. who have been especially help the

the surrounding

to feel international

after referring to Mr. Churchill's speech election took place under a unique and ful in making available to us all their Eastern situation and

affairs generally, your Directóre gloomy years when a dividend can on the Navy Estimates, the Premier, partly experimental slectoral system. great experience.

not be declared-days the Directors Mr. Cook, said he hoped Australia Only producers were entitled to vote commend a cautious policy and, mo

nd may see but which 1 cannot-the would always be friendly with Japan and about 0,600,000 men come under Fascist "Ticket," continue. thin category. The therefore, while we have every rea-Company will never be unable to and that the treaty would son to be weil 'mtisfled with the re- Two steamera of importance were son";

give tangible oppreciation of the But when they were asked to rely on Mussolini, wan the only one to which delivered during the year, ie "Wingmarkable progress made since 1935, efforts of the Staff, even if share the Japanese treats alone fer pears in any vote cauld be given. The voter had

the Pacific a most series situation to write the word yes or no. to forego a may have Sang" and "Tal Sang for our earnestly ask you, for the reasons holders

was created. have given, 10 approve the niloca dividendi. S.N.

Rumours of alléged riots in Syria are esteemed cilents, the Indo-China

T'have exchanged letters with the Reuter's correspondent nt Berlin thoroughly

untrue. All Lid. These ships were each tlons proposed by your Board, Cort Atted with four cylinder triple ex- I cannot close my remarks with Chairmann regarding the distribution states that the vialt of the Crown Syria,

the retirement of the amount avaliable for 1090, and Prines to the German Colonies has been pansion engines with Gotaverken Ex-out a reference to

from the Board of Sir Robert Honowain satisfed nothing can be done haust Turbines, giving the vessels loaded speed of 144 knots Of a dis- Tung. In November, to our great to alter the distribution as has been unclive and shapely appearance we regret, we received a letter from included in the Report for 1038, but

STEAMERS DELIVERED

*

speech, however,

•

calm la

con- the Board

5 YEARS AGO

March 27, 1934. Aktiation for the withdrawal at Western Australia from the Australian

revived Commonwealth in being

in

believe that these ships will bring us Sir Robert tendering his resignation |would reiterate that I do feel Share-sider it a sounder' policy to reguru Perth: It is reculled that the Referen a.m. but to their

has joined your Board in 1920 and durianppointment with a declared divi- of the reserves when we are satisfied taken in April last gave a majority of able amount of new tonnage given plenty of work to our staff, ing the succeeding years, many of dend to ensure both the sympathetic that they are not being economically simest two, to ons in favour of socES- 'slan, ~It- le "tearned that as a result of used. while at the same time, we have not thema dimeult ones, his shrewd advice consideration of your Directors, and

the general dissatisfaction in the Siate I think you will agree that we experienced what we had come to re- and far-sighted counsels have proved if it be possible, in one way or in- am other a more liberal distribution as I Ford ag

summer invaluable to his collcages.

cannot pay un enormous dividend as with the Federal Government's protes- normal, a Black period for repair work.

sure you will all join with me in ex-fat as concerns 1939.

orn'industrial: States to the detriment If the experience the Chairman has we might lose a lot of our business tionist policy which favours the saSE- Mr. Cock spent September, October pressing our regret at the stap he

reduce pur capital in 1935 pradselog areas, and following con- and a part of November in Europe has felt it necessary to take, and our been taught since 1933, as expressed in that way. Circumstances forced of Western Australia and other primar and took the opportunity to call on hope that his health may be restored. In his speech at the Royal Hongkong to our clients there, renewing and re- We have invited the Hon. Mr. M. F. Golf Club, and repeated, in part, by rather below what it should be-cer- alderation of the Committeo's, Report, the experience we have had in the has rosolved to approach the King and freshing personal contacts made by Lo to take Sir Robert's place, feeling shoreholder at the Mealing of the tainly below what it should be from the Legislature of Western Austrails last two years, whlelt have been ab- the Imperial Parlament with a low to 'giving effect' to the ancesalon decision. him in 1035. The heavy calla made confident that, with the reputation. Hongkong & Kowloon Wharf & Go-

normal. on our Staff have received the usual Mr. Lo enjoys in the Colony, his down Co. Ltd., expressed in this one

There being no questions, the re-greke neznamenan ch-pentence: "the best course is to gu ready and skilful response from them

will be cordially appointment

ahead just as if no uncertainties and we trust the special recognition dorsed

at this

Meeting

exist," a remark equally applicable to port and accounts were adopted, DIRECTORS RE-ELECTED Report has been publish the direction of this Company--it we ask you to make will have your

Since the

The re-election of Mr. Jessen und approval.

ed the Hon. Mr. J. J. Paterson has that has not bech forgotten, surely Mr. Williamson was approved on the gone on long leave and has resigned. Shareholders reasonably may look We have invited Mr. Landale to join forward to more liberal consideration proposition of Mr. M. H. La seconded the Board, and you will be asked to in the immediato future.

SAILS APR. 3rd at

APR. 14th at 1.00 am APR. 14th at 12.00 Noon APR. 28th at 1.00

...

★★ AMERICAN ★

PRESIDENT LINES

· ROUND WORLD SERVICES'.

12. Pedder Street!

Tálephone-20171.. 770

CORRESPONDENCE IN

NEWSPAPERS

1 have, of course, read the anony-confirra this with the other appoint- mous correspondenco In our local ment to which I have referred.

I now beg to propose the adopilon papers expressing disappointment at the small proportion of our earnings of the report ufid accounts which the Board recommend should calated be distributed in dividends and badús.

I now beg to second the Resolution the adoption of the Report and Accounts for 1930.

LETTER TO BOARD

ns. cir-

小

by Mr. Lo Koon-kan.

The conlrmation of the appoint- Mr. Landale was opproved on the ments of the Hon. Mr. M. K. Lo and proposition of Mr. Croucher seconded by Mr. Lo Koon-hong.

The re-election of Messrs Lowe, Bingham & Matthews and Menurs Percy Smith, Seth & Fleming, ins auditors, was approved on the pro-

The Chalaman Mr. Marshall is "AUTHOR OF LETTERS not only the author of the anonymous I have also had a letter from a

Mr. Marshall said:-It may appear letters but also the letters from the shareholder expressing similar views on behalf of himself and other share somewhat paradoxical for me to rise shoreholders to which I referred. holders, a method of criticism-in-to second the adoption of the Report. We shall certainly keeb Mr. Mar-position of Mr. McKenzie seconded finitely preferable to anonymous lot- and Accounts for 1938 when I confess shall's views before us. I said in my by Mr. Shum Hip-tong..

Returning Soon ! "THE ADVENTURES OF

ROBIN HOOD

De bondan bank bett 57 AT POPULAR PRICES I

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