10
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Wednesday,
HONGKONG TELEGRAPH
April 26, 1939.
DOUGLAS S. S. CO. ANNUAL MEETING
SAGRES SEIZURE DESCRIBED
བགས་།
AS "ARMED PIRACY"
Outspoken criticism of the action of the, Japanese haval authorities in detaining the steamer Sagres was foiced at the fifty-sixth ordinary general meeling of the Douglas Steam- ship Co., Ltd., this morning, when Mr. W. E. Kirby described the seizure as armed 'piracy.
Mr. S. T. Williamoon presided at the meeting and was supported by Mesia H. J. Armstrong, IL V. Wilkinson and Sir Robert Ho Tung (Consulting Committee). C. L Farmer (Secretary). T Ramsay, W. E. Kirby, A. H. Potts, J. F. Wright, Jnr., N, V. A. Croucher, Capt. A. H. Farrar, o... C. B. Brown, Capt. W. B. Patey and Hon Yon-lam (share holdera).
that
to
the
DIVIDEND AND BONUS
AFTER PAYING sil Running Expenses, Docking Charges, In- arance Premia and all Allow- ances, writing off Depreciation and transferring $275,000 to General Reserve, Mr. 8. T. WII- Hamson disclosed at the Annual Meeting
of the Douglas Steam- ship Co. Ltd, to-day that $420,- 032 was available for dia- tribution.
A dividend of 10 per cent absorbed $100,000, a further Like
sum being absorbed by a ten per cent. bonus. The re- mainder, totaling $220,932, was carried forward to Next Ae- count,
jos it should be in that connection, extended to them. This is in direct contrast to the action of that Govern- ment in not only forcibly solzing and detaining the "Sagres but also in subjecting her officers and ratings to an inquisitorial questioning.
Armod Piracy
In general, the further unwarrant- ed action against British property simply amounts to armed pfracy, although such reference may alet with diplomatic niceties.
con-
But in view of the fact that this latest outrage is only one of many recently on the China coast where British shipping is concerned, it would seem full time that His Majesty's Government Informed the Imperial Japanese Government in no hesitant or appeasing terms that this continued interference with British merchant shipping pursuing its law- ful occasions is not only a hostile gesture towards a
nation with whom normal relations exist but it is also an unjustifiable policy which will not longer be tolerated.
Addressing
The meeting. Chairman sald:
"While being pleased to be able to present such a favourable report for the year ending December 31, 1938, this, as you will doubtless appreciate, has been largely due to the abnormal reflects great credit on the Consult
The splendid showing for 1030 conditions prevailing on the Coast.
Until some such definite line of Unfortunately
ing Committee and General Man-action is taken by His Majesty's there no assurance agers and the staff these conditions will continue afloat, and it la therefore an added doubt but that Interference with nshore and Government there is not the slightest in saying this I do not mean to be pleasure for me to be able to endorse British shipping on the China coast at pessimistle, nor do I intend to try whole heartedly the Scheme for a the hands of the Japanese Navy, will and forecast the future, which is Provident Fund. much too obscure. All we can do is
continue. While Although the future of coastal restraint may be admirable qualities pallence and hope for the best.
shipping is always obscure The Fleet value stands at a
the there very strength of the Balance Sheet as seriousness that the limit has now a limit and I submit in all conservative figure, and we How presented places us in a very strong been rea have a reasonable reserve Fund in position.
reached. (applause). hand to meet any unforeseen contin- I
A vote of thanks to the Chairman therefore have pleasure in was proposed by Mr. Kirby ntter seconding the proposal that
It the which Report, Accounts
announced that Scheme bo adopted and passed.
Provident dividend warrants were now ready. The motion carried.
Was unanimously Mr. Ransay proposed. and Mr. Croucher seconded, that Sir Robert principally Mr. H. J. Armstrong be re-elected and to the as inembers of the Consulting Com exchange position
fluctuated mitted. widely between 105
105, This, of course, is also reflected in our Coast Port earnings, there have also been serious restrictions be- tween our various ports regarding the carriage of deck passengers.
gencies.
Coastal Business During the Orst half of the
year under review the Coastal Business
very vir de viziune Stove Winds was exceptionally good, but the lat
ter half of the year showed qulie reduction In the
A Safe and Good
INVESTMENT
is $2.25 put into each suit for
ZORIC
ODOURLESS AIR CONDITION DRY CLEANING then store in Free "Windo" Moth Proof
Bag
throughout the
Summer.
It will be these
"WINDO"
STORAGE BAGS
that will keep
the Moth's away this Summer.
THE STEAM LAUNDRY CO.
business on the
and
due to uncertain merchant Ile Tung. Mr. H. V. Wilkinson and/
E.
Was
Many Drivers Fined
Mr. Hon Exceeding Speed Limit
In Wanchai
On the proposition of Yan-lam, seconded by Mr. Kirby, Messrs. Lowe, Bingham and Matthews, and Messrs. Linstead and Davis were re-elected auditors for 1930 at a remuneration of $1.000 each. O. Meichlor, of Shouson Hill, by A fine of $5 was imposed on H. The Scistan purchase referred to by the Chairman at the last meeting
Policy Endorsed Before the
Mr. R. A. D. Forrest meeting closed has proved to be well Justified. Kirby sald:
Mr. Magistracy yesterday, for driving # at Central Due to the position at Amoy and After perusal of the
car at a speed of 28 miles per hour Foochow we had to extend our Accounts for the past year I feel It April 4.
Company's in Queen's Road East, Wanchal, on activitien
further north and found it facumbent on me to first compliment necessary to churter the s.s. Sagres all concerned on the ereditable show-clear at the time.
The road was slated to be fairly In order to maintain
our regularing, accomplished, as it has again been driving in the Colony for 10 sailings.
Defendant had been, over a period Seizure Of Sagres
and continuous strain.
of uncertainty years, it was sald, and had a clear I regret having to report a serious cral Managers for the different items through the closed portion of Chater
Secondly, I would thank the Gen- driving record. incident, which has arisen this month, of information tendered by the Chair-Road on April 3, P. van Vliet, of
Summoned for driving in the unjustifiable seizure of the
di
21 car
Sagres by the Japanese Navy, as re-an In his address and, mindful of\Conduit Road, was cautioned. Mrs.
did
not
under
at
this
ported in this morning's Press.
Although this incident take place during the year review, it is mentioned meeting owing
to its grave nature, and in order to keep shareholders advised as to the actual position.
Our Investments have appreciated
certain submissions I made at the last van Vilet appeared
to the
annual meeting, I am particularly summons and explained that her to answer the dad to hear of the Provident Fund for the Floating Staff Colony and did not know he could
of the inception
on of a husband
was a newcomer It is indeed a practical gesture by not drive through that part of the the General Managers which, I am road.
sure, will be much appreciated by
M. Talan, of the American Lloyd,
the Staff and one which will have its Ltd., was fined $2 for parking his
in value since December, 1037 and resultant reaction in the inspiring car beyond the time limit of two
this appreciation is shown in the Accounts, and Investments stand at the market rate as at December 91,
1038.
Head Office & Works 57032 Hong Kong Deport, Tel. 21270. Gloucester Bldg., 2nd Flr.. Tel. 28038. Peak Depot,
Tel. 20352. Kowloon Depot.
Tel. 58545. Hotet visitors are accommodated at all loading Hotels.
order
HOT
WATER
ALL THE TIME
IF THE SYSTEM IS INSTALLED BY
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C. E. WARREN & Co., Ltd.
St. George's Building.
COPIES OF
Tel. 20269.
PHOTOGRAPHS
by "Staff Photographer" appearing in the
"SOUTH CHINA MORNING POST"
"THE
and
HONGKONG TELEGRAPH"
may be purchased
at the Business Offico
of "The Hongkong Telegraph”
Morning Post Building, Wyndham Street.
Staff Provident Fund
now
of a greater feeling of between both sides.
I
do
confidence
me
20.
E
Was
hours in Pedder Street on April 3. Managers will
not think the
For driving a car at a speed of General 35 miles per hour through Hennes disagree with when I submit that, in all professions Road, on April 4, Lt. W. A. In- we have two types of men; the one! gram. R.A., was fined who simply does just what he's got ed gulity by letter.
$5. It will be noted that the interest to do and the other who enthuses
He plead- and dividends on Investments are interest into his allotted taske,
INEFFICIENT BRAKES. ́shown ~~~ at $10,931. Actually the
Tse-Sheung, master of the Fu Sun amount is a good deal higher, but in we have the man who more or less summoned before Mr. T. J. Hous-
So it is with the Merchant Service; bicycle shop, Hennessy Road, to conform with modern gels around in the ship and the other ton at Central Magistracy yesterday practice we are departing from our that takes an interest in getting the for allowing a bicycle to be hired previous method of anticipating ship around. dividends on investments--t
without efficient brakes Hint To Others
on March means that only dividends received
If the managements of more British the charge arose from an accident during the currency of our financial
Traffic-Sergeant F. Appleton said year will be shown in the Balance on China's count und rivers would at the Junction of O'Brien Road and shipping companies operating to-day Sheet in future.
At the last Annual Meeting, re- and act accordingly towards those to the ske of a bus, resulting in in- realise the Impileation of that polutJohnston Road, Wanchai, when a ference was made to the proposed whom they entrust their ships, lives
ridden by a boy, ran into formulation of a benefit fund for our and cargo, then I am certain that a dopting staff, provident or otherwise, position which I have frequently ex-cycle after the pccident, and found Jury to the boy. He examined the and also regarding a bonus payment|perienced and whereby officers will there were no front brakes, of 10% on Salaries to be paid to accept service in come
While Certificated ranks with unbroken only through sheer economic neces-
Companies the rear brakes were useless. service during the year 1937.
Tse, who denied the charge, was Your Consulting Committer and
sity, would no longer obtain.
convicted and fined $25. General Managers now intend to in no need for me to indicate to the many bicycles
As men of the world, I know there Sgt. Appleton pointed out that fulfil their promise and have, prepar-General Managers which of the types public and proprietors were slack in
were hired ed a Provident Fund Scheme which, I have referred to is the man worth complying if the amount is approved
with the traffic regula- meeting, will be implemented
this encouraging, but the nature and con-lions regarding brakes. mediately.
im-scrvative outlook of the average Bri- Mr. Houston remarked that it Tse The scheme consists of Inaugurat-more value on the proverbial ounce they were
Ush seaman is such that he places far allowed his cycles to be hired while ing a Provident Fund, the principal of practical encouragement as against tion, there was always danger to the in an inefficient condi- of which is that an initial starting a ream of eulogy. grant will be made to the Fund by the Company for cach
The getting of a shlp around the ceruacated China const und adjacent porta to-
WOMAN INJURED Omeer now serving on our vessels day and under the circumstances us by Lat Mui, 61-year-old woman, Injuries to the head were received with service prior to December, 1936 we know them, is certainly no sino-when she was knocked down by a -the sum placed to the credit of each cure and I would cordially thank the taxi in Bulkely Street, Kowloon, member of the Provident Fund to be General Managers for this provision last night. She was later sent to based on his length of service with they have now made for the Floating the Kowloon Hospital for treatment. the Company as at December, 1030, Statt. plus the 10 per cent. bonus granted for the year 1937.
at
Unwarranted Detention
lives of the riders.
to the
Franco-Spanish Agreement
The total sum necessary to start hear of the safe return of the master We are naturally very relieved to the Fund is $97,701-which may ap-and crew of the Company's chartered pear a considerable sum, but your 8.8. Sagres after their trying experi-
Committee and General ence. Consulting Managers consider it reasonable and
Burgos, Apr. 25. Delay in the execution of the This aspect, however, in no way agreement concluded between Count to provide for the future of absolves the Japanese Navy from the Jordana and M. Berard is sharply desirable those who have served us faithfully serious responsibility of illegally and criticised by the Spanish press to- and loyally in the past.
The Scheme will thereafter con- British coastal steamer, the papers cent. of the North Spanish Ashing forcibly seizing and detaining day, which points out that 80 per tinue on the usual basis of the of which, I understand, Empolyce and Employer malting solutely in order.
were ab-fleet is still in French harbours. monthly contributions to the Fund.
That means unemployment for 5,000
I trust this proposal will meet with Japanese Government be reminded 3,000,000 pesetas.
It would appear desirable that the shermen, and the daily loss of your approval, as the Company is that the waters of this Colony have consider, now in a position to take been and are available to their been promised, only six out of 370 Although release of the ships has this step in order to safeguard the merchant Lonnage without let or have returned up to date, it is claim-
interests of our employees, many of hindrance and that every facility is, ed.-Trans-Ocean.
whom have served the Company for
long periods.
I do not think there is anything further in the accounts to comment upon, so now beg to propose that the report and accounts as submitted be adopted and passed.. As soon as this resolution has been seconded I will be pleased to answer to the best of my ability any questions Share- holders may desire to ask..
Credits To Management Seccading The
proposal
Wright said:
Mt.
It is with great pleasure that I rise to accond the Chairman's speech.
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