Thursday,
HONGKONG TELEGRAPH
COLLAPSE OF S'HAI The EXCHANGE CUTS H.K.
COMPANY'S
A WARNING that the fall in the Shanghai rate of exchange would mean a loss of $75,000
interest to the Canton Insurance
Office Limited was made by the chairman of the company Mr. D. F. Landala, at the annual meeting held to-day.
The Chairman said: Gentlemen, I wish to preface the make Tow-remarks. I am about to
of regret that with an expressioni Sir Robert Ho Tung is not with us to-day.
It is well over twenty years since he joined the Consulting Committee of this Company, and during that, period the benefit of his sound advice was constantly at our disponi; ad- vancing years, however, brought with them a wish for relief from the cares of business and, in expressing thanks for 115 our most sincere
vajucu services, we wish him many long life and all happiness in his reurement. I am pleased to be able to inform you that the Hon, Mr. M. K. Lo has accepted our Invitation to All the vacancy caused by the re- signation of Sir Robert
REGRETS RESIGNATION It is with regret that I have also to advice the resignation of Mr. Felix A. Joseph from the Consulting
PROFITS
Hard Labour For
Robbers
"TILE sooner you are hack in China the beller it will be for everyone in this Colony," said the Chief Justice, Bir Atholl Criminal in the MacGregor Sessions this morning to three men who pleaded guilty to a charge of armed robbery in a second hand dealer's store in Lockhart Road on April 23.
The men wero yeung, 30, Chan Fong, 37, and Wong Bau, 20. They were all district, natives of Nam Hol und
His Lordship, in passing sentence of 18 months' hard labour, expremed the wish that steps would be taken to scad them back to the country as soon as possible,
Chiu Blu-
"The sooner we leave hero the better it is for us," said one of the robbers.
Commons Questions
Committee. Mr. Joneph left for On Royal Trip
England carly last month and to him likewise we tender our best thanks and all good wishes for the future. The Report and Accounts having been in your hands for the prescribed period, I propose, with your per- anissian, to follow the usual custom of taking them us read.
outturn of the Account The
hough rather better than we; 1037, had at one time anticipated, is pour In comparison with its predecessors of recent years, the contributing factor to this being the adverse re- sult of our Sterling operations more particularly in respect to London.
INCOME RISES
Our Premium Income
for
than 1936. A comparison of ratios between the two years reveals Losses
by up 0.43%. Interest s
Why The
Course Was Changed
Captain Cheered
LONDON, May 17.
China War
Serious Japanese Reverses
Chinese Take Up Offensive
May 18, 1939.
Cat For
For Former
Government Employee
BORN IN THE United States and an ex-employee of the Sanllary Department, Chan Ho-ylu, 21, was sentenced to two years, hard Jabour and 12 strokes of the "eat" by the Chief Justice, Sir Atboll MacGregor at the Criminal Semions this morning, when he pleaded guilty to a charge of armed robbery."
Chan was stated to have been one of a gang of three men concerned in a robbery in King Kwong Birect, Happy Valley, on April 23, when money and Jewellery valued at 3347 was stolen. He waN recornised by one of the victims whilst walking in Wanchst two days. after the crime.
He told the Court that he left the Sanitary Department in Novem- Bolny penniless ber last he was naked to do the work of a coolie. as a result, he was compelled to commit the robbery, Previously he had written to his people to the country for money but received no reply, apparently because of the arrival of the Japanese there.
GOVERNMENT HOUSE INVESTITURE
THIS MORNING
SERVICE to the Empire, performed in this Colony, was given tangible recognition this morning when the Governor, Sir Geoffry Northcote invested three Hongkong men with the insignia of ACCORDING to "Central orders recently bestowed by the King. The recipicats were Mr. News" reports, the Japanese Maurice Frederick Key, J.P., who has been made an Officer of offensive in North Hupsh has the Civil Division of the Most Excellent Order of to British suffered serious reverses. The Empire, and Messrs. George William Coysh and Sung Teng-man, Chinese have exacted heavy toll who received the Medal of the Imperial Service Order. during recent engagements, the Japanese casualties numbering thousands.
At Tahungshan alone, it is claimed, the Japanese lost 2,000,
tsi
The Ball Room at Government House was the scene of the presenta- tion. There was a big attendance of official guests and friends of the Risaldar Feroze Khan recipients.
The Chinese are now beginning to was formal guard of the insignia. take the offensive on the Han River On the dais, places behind the Gover- front, while Lohanssu and Wamiao-ner and his entourage were taken by Alde-de-Camp the the Honorary Helbert), Military
Naval have been recaptured on
(Lt-Comdr. R. E. Hankow-Ichang highway.
The Chinese cordon around Tien-Aide-de-Camp (Lt. ft. W. C. Smales), men has been tightened, and Kiu- and Air Alde-de-Camp (Flight-Lt. chenmino, north-west of Tlenmen N. W. Wright). The Aide-de-Comp (Captain S. H. Batty-Smith) also at- as been recaptured.
tended the Governor,
Klukow on the cart bank of the Han River is also besieged by the Chinese,
The recipients were announced by Mr. K. A. Bidmead, Assistant Super-
U.S. AND JAPANESE DEMANDS
WASHINGTON, May 17.
IT has been authoritatively stated that Secretary of State Cordell Hall has been in frequent communication with the United States Ambassadors at Tokyo and Shanghai regarding the Japanese demands for greater con-
Chinese claim successes in Nori, i intendent of Police, The warrant trol of the International Settlement.
engage conferring the honour on Mr. Key Kiangsu, where, after an ment which ended in their favour, was read by the Chlef Justice, Sir the Chinese are pushing on to Lien- Atholl Macgregor.
sui.
ADDRESS TO MR. KEY Addressing Mr. Key, the Governor
Comparative quiet reigns on the Nanchang front, but reports from THE route taken by the Em-various war fields claim that a Japan- said:
ese military train was derailed at press
Shakespeare,
Informed circles 'sald the United States is anxious to learn the views of other governments involved before formulating a reply.
The United States Ambassador to Tokyo has sent a note to Japan re- By the Comunand of the King, confusing to agree to the Japanese re
The note added that it is believed no satisfactory agreement regarding the Settlement can be reached at this time owing to the abnormal condi- ions resulting from the Japanese military Invasion of China.
JOSE by of Australia on the royal Tawan, southwest of Fengklu, when veyed to me by his Principal Secret quest for revision of the land regula- $624,206 over that for 1836, but se voyage to Canada at a season 70 Japanese were killed and woundary of State for the Colonies, I am tions in the International Settlement the Chinese repulsed a about to present to you the Insignia in Shanghai pending, the "develop- Losses by the figure of
attack west of Lisih in of an Officer in the Most Excellent ment of more stable conditions. Japonese also did
the British Empire. $551,706. When we met last year, when fog and ice conditions were ed, that
It is, of course, principally by your we had reason to be hopeful about usual, was the subject of ques- Jap
continues west, of Tungcheng In
services to the Colony as Secretary south Hupch. this account but this was unfounded tions in the House of Commons west Shansi, and that fighting sil Order
Chinese of the General Chamber of Commerce and it has proved to be rather worse today.
In
China, the South Mr. Geoffrey
the Sunwui- that you have earned this token of that
At the same time the State De- apace. Tongha proceeding
and capacity you have shown that you at 69,03% for 1937 as against 04.04% Financial Secretary to the Ad-counter-offensive in
vision, technical knowledge! 1936, Charges at 26.43% n against miralty replied that the Direc-Kongmoon sector is reported to be His Majesty's recognition. In for
common-sense. This partment revealed that British and 4tor of Navigation was consulted Tsinghang on the outskirts of Sun- possess 28.93% and a Balance of 3.94%
depending as it does almost American bluejackets were ordered against
beforehand. There were seven wu have been regained. Part of the and $11,021.
The balance at credit of Working routes; of which three were to Japanese forces at Sunwal are re Colony, upon its trade, owes much to land on Kulanga at 8 p.m. to-day Account 1938, as at the 31st Decem-| Canada and four to New York ported to be retreating to Kongmoon. | men who achieve a detached point in order to strengthen the British the loss of civilian lives and property in of new hd whose advice is given and American detachments already
of vic with clarity and sincerity. As you there 18
JAPAN WARNED cannot fall to be
aware, widespread
The United States Ambassador's Eighteen planes took part and
appreciation, both within a rald an Szewui near Samahul on
wrecking over and without the Chamber, that those Tuesday. raided a wide area,
qualities markedly characterize your note to Japan warned Japan against 100 shops and residences.
work as the Chamber's right hand taking advantage of developments which originated elsewhere and pre- CHINESE RETALIATE
judicing. Be character of the Inter- national Settlement.
and
sought,
Japanese planes caused
heavy to
Shanghai, May 18. Chinese reports here said that 18 Japanese planes yesterday raided Hizowui.60 miles northwest of Canton
buildings heavy casualties.
con-
guarding the Settlement,
It asserted that the United States would be ready, as in the past, to become party to friendly, and orderly negotiations properly instituted re-
The United States is constrained Sufferers in the Earthquake in Japan, to point out, however, that conditions in 1924 you were occupied with the in Shanghai, in its viewpoint, are so Hongkong exhibit at the Wembley far from normal that at present there sion looking towards an orderly Exhibition. Many subsequent in-is a total lack of a basis for discus stances could be cited.
It gives me much pleasure to pre-settlement of the complicated pro- blems involved which would be rea- sonably fair to all concerned. sent this Insignia to you.
an and Boston, laid down in ber last, stood at $2,174,828 and though this sum is $180,130 less than the carry forward for 1037, at the North Atlantic track agreement same stage, we have hopes that as of 1931, which ships can follow the result of some drastic pruning at various months of the year.
marked Improvement Track "E", the most southerly of there will be a Recalling the results for 1036
But although your own regular 1937, I am chary of saying too much the Canadian routes was chosen first about the final outturn for the 1936 as the most suitable, but on receipt of ice reports from the ice patrol,
duties have always put a heavy bur Account but there are influences at the route was altered to Track "C" work, such as increased rates and the most northerly of the Boston-New
den on your shoulders, you have not shrunk from extraneous work when York routes.
and the need arose. Thus to mention the elimination of certain undesirable basis for и
The delay was caused solely by demolishing 100
only three instances in three business, thint form a
experiencing three days of dense fos planes are reported to seculive years--in 1922 you did starding the revision of the land r moderate degree of optimism.
and possible ice areas.
Licut-Commander Fletcher asked have retaliated and surprised the the local Swatow Typhoon
West River, I Fund, in the next year you'oregulations. BIG DROP. IN ASSETS Scrutiny of the Balance Sheet will
extension of the destroying shore fortifications and the Local Fund for the Relief reveal that the total of Assels has whether the Admiralty should not Japanese along the fallen by HK.$1,137,319, or £70,400 have advised an as expressed in Sterling. This is due time schedule for the voyage in view sinking four Japanese warships near Meanwhile a Chinese communique partly to the loss sustained on our of the probability of bad conditions, Kowitwong holdings of Shanghai Mortgages and and in order to avoid great incon-
Mr. Shakespeare replied that the states that Chinese troops in the Tlenmen sector to the northwest of of Debentures (both in respect of price venience to the people of Canada
to delayed
Was and exchange), partly claims attaching to earlier years most expert advice
fighting between the Japanese garri-
SPLENDID SERVICE RECORD which have mado severe inroads into Including that of a captain who had Hankow are storming the gates
The note added: that the efforts of the Underwriting Suspense Account, sailed for 37 years on the route. Itenen coincident with the start of
In presenting the Imperial Service and also to the reduced balances that was only on May 10 when ice was son and Chinese guerilins who had have been brought in for the years encountered, and fuller reports came earlier filtered into the elly.
their normal-functions have "recently With the arrival of Chinese rein- Medal to Mr. Crysh the Governor the Settlement authorities to perform from the ice patrol, and particularly
Canadian forcements Chinese troops are blast- 1937 and 1838.
By the Command of the King, con- been seriously handicapped and made On the other side, it will be found the signal received from a that Reinsurance Fund is down by Pacific cargo-ship that the southern ing their way through the city walls $804,302 as the result of a'very neces-route was safe-on which the vessel and will soon be alding the guerillas veyed to me by his Principal Secret-i difficult by lawless activities in areas |
had come from Canudo-that the who have, already blown
Bretary of State for the Colonies, I am contiguous to the Settlement and by ase to return the area north of Soo- about to present to you the Imperiall the refusal on the part of the Japan- transfer of £50,000 to
La Captain decided to drop down from Account
provision depots.
Service Medal. Underwriting Suspense
Wide areas of the town are report-
You have recently retired from the chow Creek to the effective control meet the delayed losses already re-the southern Canadian route into the Japanese arsenal and set ferred to. Investment and Exchange northern American route.
"I think the whole country shoulded to be afire resulting in great Hongkong Civil, Service which you of the Settlement authorities. OPPOSE REVISION Fluctuation Account has
would be grateful for the way the Captain confusion among the Japanese troops entered 35 years ago as a Sanitary $303,269 and the shrinkage this and his crew have carried on" declare the imminent withdrawal of whom Inspector thereafter transferring to
In conclusion the United States amid loud is indicated. United Press.
the Harbour Department as Deputy! have been greater and not
Mr. Shakespeare Reserve received support from other ed
Shipping Master. Prior to this long observes that the great metropolitan period of service during which you area of Shanghai has been developed directions.
Underwriting Suspense cheers-Reuter Special.
have won and maintained an excel- by the nationals of many countries Account shows an increase of $388,-
lent reputation, you served in the to the mutual advantage of all. In 132, resulting from the transfer
Royal Navy for nine years, leaving this development the Settlement has
as Yeoman, 2nd £50,000 that I have alrendy
in April. 1004,
played a very important part and any tioned.
Class. Your total period in the ser- question affecting the welfare and vice of the British Crown, therefore, statts of the Settlement inevitably amounts to nearly 44 years, a splen
Bory
the
fallen by
DIFFICULT TIMES
I would reiterate what my
of
men-all other forms of commerce in the trade cannot Fur East. Genuine
flourish under the existing conditions
of unrest and uncertainty and I fear TC- we must anticipate a further drop in
decessor said last year as to the care income during the current year.
up the
Seven Die In Traffic Toll
11
said:
problem since then has intensited and avoiding trouble and looking for the Colony's Record List did record and one which has well the United States, including
it has become increasingly difficult to better times that will surely
come.
and investments that are free from We face the future with the know-
Of Accidents
deserved His Majesty's recognition.
It gives me much pleasure to pre- As regards the revision of the land sent this Medal to you and 1 con-regulations, the United States is of gratulate you warmly on having won
the opinion that such a question should await the development, of United conditions. 37 YEARS IN SERVICE
more stable
market
Next ledge that we have a strong and solid wide
fluctuations.
A RECORD number of trafficit Kall year, we shall face a of $70,000 Balance Sheet.
ΣΟΥ propose
the following accidents occurred in Hongkong The Governor presented the medal Press... in Interest resulting from the lower Shangliai Exchange and trust that Resolution:
"That the Report and Accounts, as last week. the profit on working will be such as to neutralise this loss, which we presented, including, the payment of a Final Dividend In respect of the year hope will not be permanent.
Statistics issued by the Traffic As in previous years all Invest-1937 of $3 per share, and an Interim Department this afternoon show ments and Mortgage Loans have been Dividend in respect of the year 1938 that there were altogether 114 Included. ntor under-market price of $5 per share and the addition of nccidents. or face value respectively.
$13 PER SHARE
$281,762.43 to Underwriting Suspense Account be adopted and passed."
OTHER BUSINESS
The adoption of the consulting
10 Mr., Sung with the following words:
By the Command of the King, Secretary of State for the Colonies, I am about to present to you the conveyed to me by lifs Principal
Imperial. Service Medal,
It is now more than 37 years since you were appointed an Interpreter
Fr. Lebbe For Chungking
As a result, Boven people wen
An Undisclosed Place, Souls"
Shansi, May 18. killed and 36 were injured.
Of the fatalities, one was knocked
Lebbe, naturalised The surplus to be dealt with for The adoption of the report and ac-down by a motor bus, one by in the Police Department, your first Father the 1997 Account Is 8911.762, out of which has been paid an Interim counts was moved by the chairman private car and one by a motor lorry, post in the Hongkong Civil Service. Chinese citizen of Belgan birth, now A blind beggar was knocked in 1010 you were transferred to the commander of the Nord Chins Field Medicht Department as an account Service Corps, has left for Chung- Dividend of $5 per share. We now seconded by Mr. Ho Kom Tong and
down and killed by a tramanda recommend a final payment of $8 per adopted unanimously,
Of the 114 accidents; 47 were ont where you gained promotion in Ring by pinne to seek instructions on sharo-making in all $13 per share- which will absorb $870,000 and the committee, which is the same as Inst collisions between vehicles, 42 were that branch and in 1935 you were future work of the corps: from
vehicles between
and appointed Director of Widows and Generalissing, Chiang Kai-shek. collisions
Father Lebbe was formerly the transfer of the balance of $201,762, to year, except for Massra. D, E, Clark
-octed) the trust which Government Under willag Suspensé Account to and J. Hi Taggart, absent on leave, pedestrians and accidents were Orphans Pensions, a post which re- close 1037 and previous years. The was moved by Mr. D. V. Steavenson due to other
Accidents in which private cars placed in your probity and your Makinging-Director of the Yih Shih, balance of $2,174,820.54, kterét of and seconded by Mr. M. K. Lo.
The following were present: Mr. 1038 Account allows of the payment
service of a highly meritorious nature Central News, bns: won for you, the recognition of of an interim dividend of $5 per F. C. Hall, the secretary, I were involved were again in the sagacity. Your long and faithful Pho, a newspaper in Tientsin
His Majesty as well as the bigh share for that year, leaving an Dudley, D. Hing, TonSal Cheung. D majority
The theft of a'clock, valued at $30, amount of $1,924,820 to be
be carried V. Steavenson, Ho Kon Tong, Lo Man
Mrs. Richards, of Armend Building, regard of your fellow citizens, Hin, M. W. Lo, J. D, Danby, M. 3. forward.
It gives me much pleasure from his quarters in the Water Police There is Hilg more to say and it is Armstrong, Lo Cheung Ip, NV-A has reported that her daughter's hardly necessary for me to point out Croucher, 63 Hd Hoss W2 bicycle, valued at $40.4was stolen present this Medal to you, con- station has been reported by Mr. W.
dent of Police (Kowloon), the present dificulties that attend McKenale, 8. T. Williamson, M. K from outside her residence yester gratulate you warmly on having won P. This ipson, Assistant Superinten
ddy. “marino", insurance in common with Lo, T. E Pearce, A. H, Compton.
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"Anything to declare, Sir?"
"There's nothing you bought at all?“ · "No." "No presente ??
"Nothing at all?"
Nothing, Unlin
"There is no duty; Sir, on hangovers obtained abroad.",
* 1 wish there was." I'd refuse to payy and then you'd have to confiscate it?"
can't help yes, But might I suggest in future the advantages of a long glass of Rose's Lime Juice to wind up late nights? Rpee's possesses'? therapeutic - pro-- juperties which deutralise the — er ----
moming after."
"Yes, Sir — Unless 7:2/7nni slot Unions Find kristneda á head like a rigamiThis Rinia's really kills off 'hang""
football dredged from a canal and a Torre Have they any in the Station taste, in my mouth like "smoke" in a BUTAI P**-
railway tunnel, Our Paris repre
sentation enfartained me rather, Lap-Plenty," "Sie H, Sir, come back- ishly last nightho
All you've forgotten your bagNIS "ROSE'S LIME JUICE - THE WILE MAN'S NIGHTCAP
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