1940-03-21 — Page 27

ELECTRIC

Thursday,

HONGKONG TELEGRAPH

March 21, 1940.

WORLD OPINION

LIGHT MAY COST NO CHANCE

MORE IN HONGKONG, WARNING

Rising Costs Of Freight

And Coal The

Cause

A WARNING to consumers that, in view of the rising costs of freight and coal, together with the possibilities of increased taxation, charges for current might be increased though he hoped it would not be necessary, was given by Mr. H. V. Wilkinson, Chairman, at the ordinary yearly meeting of the Hongkong Electric Co., Ltd. held this morning.

A steady increase in the Company's output was reported, and the Chairman pointed out that the Shops (Hours of Closing Ordinance) recently enacted did not mean that shop-keepers were required to shut off as many lights as possible after 8 p.m.

to the credit of reserve, animously adopted.

were

Chairman's Specch

two thirds of our cont has to

BELISHA'S NEW RESIGNATION

LONDON, Mar. 20 (Reu- ter)-Mr. Leslle Hore- Belisha, the former Minister for War, has resigned the Chairmanship of the Liberal National Party in the House of Commons,

He intimated that while supporting the Government in the firm conduct of the war, he wished to enjoy the greater freedom attaching to members of the rank and Ale of the Party.

JAPANESE OVERTURES

OF PEACE

Hitler's Duplicity Unmasked

LONDON, Mar. 20 (Reuter). The

and "Pittsburg Post Gazetteer" of March 18 said: "Are England and France, and for that matter the whole world, to accept Hitler's word and pro- mises he would give to win peaco now, when in the past his word has meant nothing but noro murder and rape as soon as he la ready for them?

"No, we do not believe that England' and France will discuss peace until Hitler and his regime are out and Europe is safe from a murderous letator who has brought the world buck to the dark nges."

Many similar comments were made

in the American Press

Am-

Will See It Through The Columbus "Dispatch," on the 18th, reports the former

Gibson, An Mr. Hugh bassador British will see this

thing through. They look on it as a painful operation but worthwhile in results. Their unity with France is splendid."

The "Doston, Herald" of the 18th Anglophobes "The bitterest Блуа:

admit that the British Empira must builders have given more attention

1o their responsibilities than to their privileges for many generations.

The "New York Times" In an editorial on the Attlee criticism in the House of Cominons that the Initiative must not be left with Hitler, points

Germany that

and Russla

I am informed that the present re- of Director** fecs each-I think Shareholders will The Increase

agree with me when I claim that muneration of $10,000 per year was from $10,000 to $10,000 was approved

we are giving a very eflelent and fixed at the time the Company was and at the extraordinary meeting

formed in the year 1889, 50 years ago, cheap service. which followed resolutions relating

Recently we have been making en when our issued capital was $300,000. to the increase of capital from

by Thut remuneration does not appear to the quiries about the charges made $8,000,000 to $18,000,000 and capitalisation of $3,000,000 standing our contemporaries in India and the have been thought excessive even in un-Far East, and we are gratified to find those days but I am quite sure it is

that our charges compare favourably not adequate now, consequently

other supply have much pleasure in proposing that with those made by

Mediation Request authorities whose outputs are similar the Directors' fees be increased from

10 $10,000 per | The Chairman said: The net pro-

Denied be unnum. At after providing for Depreciation is to ours; it must not be forgolten that $10.000 per ann $2,076,590.54 ned

Mr. B. Wong Tape sccunded, and with $207,000.85

LONDON, Mar. 20 (Router). brought forward from lust account carried nearly 500 miles by steamer

Mr. Wood then proposed the re- We have the sum of $2,044.180.30 fond the remaining third over 3,000 the resolution was adopted.

miles. appropriation.

The cast, per ton, of the conl used election of Messrs. Linstead and Davis-In the House of Commons to- On September 7, 1935 we paid uni during the year under review showed as auditors. He said: As our work- day, Mr. M. P. Price asked for a

the corres-ing pront has increased from $2,498,- stalement on the recent con-o Interim dividend of $1.00 per share slight increase over

24 which absorbed $400,000 and with the panding #gures for the previous year, 602 in 1931 to $3,011,033 in the year versations held between Mr. out

need worry about. world balance we

we propose: to pay a final but as most of you will be painfully 1930 I think that an increase in the Shigemitsu, Japanese Ambassa-"having no reputation to lose abrand,

ork-aware, the prices of coal and steamer Auditors fees is justified and I pro-to London, and Lord Hallfax. never dividend of $1.50 per share absorb-

Is this combination Linstead aml

Price Mr.

asked

particularly opinion. Ing 3000,000.00; to pay a cash bonus tonnage are on the up grade and can pose that Messrs.

attempted to present moral bankruptcy with the sequently we have found it necessary Days be re-elected Auditors for the

whether Jupan had when budgetting for the present year year 1940 ot a fee of $3,600,

Capt. F. L. Brown seconded the obtain the good offices of Britain in readier military preparedness that has the given them the initiative they have belween contact to make provision for a very

efecting, a Chinese Government in Chungking enjoyed. Now the war is being siderable increase in our expenditure prosasal, which was carried.

fought on the Allied side with unre- Extraordinary Meeting

Интерье Jenting

The coal, and without doubt during the

pressure. AL the extraordinary general and Wang Ching-wel.

of the British The proposed dividend and bonus year 1941 much greater increases are are the same as last year and we bound to be added to our cont costs, meeting which followed, the Chair-

Mr. R. A. Butler, in reply, stated material resources have added $400,000 to the Reserve.

Lights After 8 p.m.

inan proposed the adoption of the

the that the Japanese Ambassador had Empire have been mobilised success- The carry forward is a good deal

In this connection I desire to men following resolution! previous years, but in Ijon a misapprehension which appears | Capitai of the Company he increased called on Lord Halifax in nccordance / fully and the moral issue has been larker

thuật l view of the posibility of the Gay to have arisen in connection with the from its present Capital of $0,000,000 with the established practice of cull-The opportunity has been provided divided into ing on the Foreign Office from time and is already being used to test the Hongkong currency crament imposing a Corporation Pro-Shops (Hurs of Closing) Ordinance

to 1940. its Tax we think it advisable Increase the amount.

ន

of 75 per share absorbag $150,- Good: toward to

to Reserve $400,000.00; to carry for

next account $594,480.30, which I hope will meet with your approval.

ப

con-

That

|

the original Capital of the Com- pany."

Routine Conversations

It is

61

torships, where discipline is taught at the end of a whip, and of the democracies, which

command free the loyalty and patriotism of peoples."

can

I am informed that in some of the. 000,000 shares of $10 each to $18,- to time to discurs matters of common comparative staying powers of dictu-

No such question as described by 000,000 Hongkong currency divided interest to the two countries. to 1,800,000 shares of $10 each and Mr. Price had been made.

shall that such additional shares

Wang Given Carte Blanche

(UP)-The rank in all respects pari passus with

NANKING, Mar, 20

to-day Central Politient Conference He said: You will be aware that empowered Wang Ching-wol to rend-

formed in own responsibility. Company when it was the original authoriset capital of the Just Sino-Japanese relations on his 1880 was $300,000, in 1809 the Au- thorised Capital was increased to $600,000. In 1920 the Authorised'

again increased Cap.tal was $3,000,000 and was further increased Lo $0,000,000 in 1028,

The output from the Generating Chinese papers Shopkeepers are with Station during 1930 was 72,337,702 led not to keep their shops open after units, an increase of nearly 8 million 3 p.m. and to shut off as many lights unity or 12% over 1935, and you will sihte after that hour! As

ut fact

1916 matter

shopkeepers and others notice that the profit on working is mo $825,521.45 more than last year,

ue sui at iberty to use as much light as they ilke in any way they Warning To Consumers This satisiactory result has been my desire; the Ordinance I have just obtained without any increases inteferred to is only intended to pre our charges for current, a precc- vent shopkeepers serving customers dent which we hope to be able to after & pan.

good Notwithstanding continue, but I think right to warn consumers that the cheap service which we have always endeavoured to give to our Consumers rising coats of freight, and, to

has expended large

In the 12 years which have elapsedį supailer extent coal, together with the Company

sums of money on development of the possibilities of increased taxa- flon, may force us to increase prices the Undertaking and your Directors since our last increase of capital the Agure a Station has been increased from to consumers, althought I trust this feel that the capital of the Company generating capacity of the Power

should be incrensed to a will not be necessary,

and

the normal steaming capacity Bad debts at $332.81 are the lowest little nearer to the netunt value of 10.000 kilowatts to 54.000 kilowatts

this Company's properties.

Owing to the considerable expan- of

is only

the

and

to

of our boiler house plant from

Puts His Foot Into It

U.S. Envoy May Be Recalled WASHINGTON, Mar, 20

Ready To Attack The "Gothenburg Nytid's" London correspondent says that the "Allles after six months of preparation can attack Hitler, who, after six years of preparation, does not take a chance the even in a prestige affair like Altmark."

The correspondent adds that a peo- rs feels plc on war footing of six years the strain materially, physically and

that stories morally. He says Germany's terrible position stream in. The worst are from the south-east. Britain does not repeat them except privately although there stories are weakening war will.

of

on recpreciation has been allowed on in the Company's operations 1 207,000 169. per hour to 557,000 lbs. (Reuter).There is some talk an encouraging sign of Germany's

Full depre

for at $798,070 an increase of $74,902. feel that some increase in the fees per hour.

The expenditure on Capital account said to Directors and Auditors is units generated have increased from Mr. James Cromwell, the United Copenhagen "espondent of the

for

The steady increa

Seconder's Speech

The London says:

Demokraten" The debale in the House of showed that the British people and Commons is important because it their chosen representatives, even in u.serious war situation, still allow an open debate and can show satisfactory

discip Expects Long War

SPANISH GOVT. THANKED

In the same period the here of demanding the recall of implement 38 million odd to 72 million odd.

have been States Minister to Canada, fol- this year hus been $560,499.

All, these extensions due and suggestions to

and con-lowing his broadenst speech from During the year under review the this will be submitted to you at this

financed out of revenue 100,000 lbs. per hour Stirling boiler, meeting for approval.

your-Com- sequently we think it only right that Toronto in which he frankly which i

I mentioned last year, was put

corres a part of our Reserve Fund should into comm.ss.on; the repairs to No. 7 turbo-alternator were completed in pan's output

Some members of the Senate Fore- May and the machine has been back ponding increases in plant, and this be capitalised but before we can do praised the Allied war aims and.

costs money; looking to the future this it is necessary to increase the openly criticised Germany.

The Rio paper, "Journal Com- in service since that month; all the we foresee heavy expenditure on authorised capital.

We bellove that progress will con-ign Relations Committee expressed

strongly eulogistic with this expenses in connection

wed to plant and buildings and your Directors

bounds of diplomatic mercio, in a

article on Britain as world leader, breakdown have been charged to re feel that the time has come when tinue and to meet this our Engineers the opinion that Mr. Cromwell over- venue. A new well to accommodate the Authorised Capital of the Com- have advised us that provision must stepped the

The be made in the near future for the restraint. which

Mr. Cordell Hull, the Secretary of anticipates a long war and emphasises

for it. No. 5 circulating water pump,

pany must be increased-consequent- be

Allies are defending principles vital will have a capacity of 25,000 gallons ly it has been decided to asit your purchase of more generating plant,

to human evolution. Victory will co per minute, has been constructed, authority to take the necessary steps more boiler plant and a new main State, took the unusual step of re- British preparedness

two to increase the Authorised Capital to switchboard; it is hoped to continuelquesting immediately un official vei- screens $18,000,000 and at the same time to the Company's long standing prac-ston of the specchi instead of awaiting to the side with the best nerve forces new intake and wells

ta primary materials. Brackett circulating water

The Issued. Capital to tice of financing extensions out of routine delivery to the State Depart and access

A signed article in the "Corrneio were completed; also a 20,000 gallons Increase

capitalisation of profit but we think it wise to make ment.

"Our Playboy Minister" per hour boiler feed pump was in- $9,000,000, by the

$3,000,000 now standing to the credit provision for calling up new capital

the Premier, It says that no war of should such a

become Congressman Sweeny (Ohio) de Manha" appreciates the character of procedure stalled and put into service.

of making the nerves is capable at Reserve.

elured in the House of Representa- Round Island Circuit

The Choirman then proposed the necessary.

Your

Directors are therefore of the tives to-day that "f our playboy Premier doubt himself or the people The principal Items in the Dis- tribution Department were the lay-ndoption of the report and statement

opinion that it is advisable to in- Minister to Canada wants to fight for he leads. ing of

high tension cable to link of accounts.

crease the Capllal to an authorised the British Empire, I respectfully up Pokfulam and Aberdeen Sub-

Seconding the proposal, Mr. S. Tamount of $18,000,000 now, rather suggest that he joins the ranks of stations and thus complete the "round the Island" supply circuit-Williamson said: This in not the first than increase it from time to time such distinguished American ex- and the equipment of a substation time it has been my pleasure to us more issued Capital la required patriates as Lady Astor and Kermit second the adoption of the Report more especially as in their view the loosevelt so that he may carry on' at Tai Tam Tuk.

connected increased by and Accounts as presented by the Company cannot possibly be consi- for the Empire." Meters

dered to be otherwise than reason- 2,640 to 49,156; as 1 remarked last Chairman of this Company, and once year I think that part of this inereuse again I have to congratulate the ably capitalised at that figure.

Mr. Wong Chi-po seconded, and is due to the abnormal times through Chairman, The Board and the Agents

the resolution was approved. which the Colony is passing and I on the very excellent report which

Reserve Capitalised am afraid we must be prepared for a has been placed before us, and I feel

The Chairman then proposed the falling off in the number of meters sure that Shareholders will also wish

returns to me to thank the Staff on their behalf following two resolutions:

"1. That the Directors connected when Peace China-at the moment meters are still for all the good work they have done

they are hereby authorised to capital- Increasing but not at the rate during during the year.

I have listened with particular ise the sum of $3,000,000 Hongkong last year.

The outbreak of the War in Europe interest to the remarks which deal currency part of the undivided pro- has brought with it anxieties but with the cheap and efficient service Ats of the Company, standing to the renders to its credit of the Company's Reserve am happy to be able to tell you that, which the Company so far, it has not caused your Com-consumers, and I venture to express Fund and to allot to the Members pony any very serious losses: Just the opinion that it has only been holding shares of the Company as on previous to its outbreak we had de- possible to build up this undertaking the 1st day of July, 1940 in respect cided to proceed with the laying of to its present state of efficiency, which of the net amount capitalised fully four new feeder cables; most of this results in such a high standard of paid shares of the Company of equi- eable has now been delivered to us service, by the sound and far sighted valent nominal value in the proper- Two at comparatively small increases la policy of the Board and Management, tion of one shore for every cost; we and that our happy relatians and I feel we are much indebted to shares of the Company then held by such persons respectively and that with suppliers in Great Britain are them for thefe untiring efforts,

stead as I am sure Shareholders will ap- such shares so allotted shall rank for-An official communique issued now standing us in good

of from British Headquatrera in they prove of the proposal to increase the dividends us from the 1st day manufacturers are doing

France states: "Last night a can to meet our requirements as ex-nuthorised Capital and welcome the July, 1940.

2. That if, on such distribution peditiously as is possible under the proposed bonus issue, and also that

as aforesaid, any person would be very successful encounter with rather dimcult conditions now ruling. they will approve of the increase in

entitled to a fractional share the the enemy patrol and a sharp Check On Lighting Directors' and Auditors' Fees.

carried

of The proposal was

- Directors shall, in lieu issuing fight ensued. Five of the enemy

ceruificates, fractional

causo the were killed and to be allotted to whole share

Our troops suffered person or persons to be named by captured. the Directors and such share chall, no casualties."

Dritish Scoro at such time as the Directors think

all

Directors' Fees Raised

bc

Critics compare Mr. Cromwell's openly-expressed sentiments with those of Dr. Pago, the Ambassador to London, during the last war.

and WESTERN FRONT

the

British Patrol Successful

Nazi Losses After Sharp Fight

LONDON, Mar. 20 (Reuter),

one

was

It may Interest Shareholders to know that a check up on our light-animously.

On the proposal of Mr. A. McKellar, of the month ing accounts for September last revealed that 54% seconded by Mr. Leung Fattin, the of these accounts were for $3.50 or Hon. Mr. J. J. Paterson, the ilon, Mr.

consumed S, H. Dodwell and Mr. H. V. Wilkin less per month; 38%

at, be sold and the proceeds dis PARIS, Mar. 20 (Reuter)-An under 160 units per month and only son were re-elected directors.

tributed amongst the persons entitled oflcini French communique issued 8% took more than 169 ualls per

Lip such Inst night states: "On the British Mr. G. G. Wood, proposing the in- to the fractions making month. Turning to power accounts 33% of the accounts were for less crease of Directors' fees from $10,000 share."

tween the patrols which ended to the than 21 unfis which means

entiro advantage of our Allies." these consumers'

48% of our power and I feel sure Shareholders will Those present at the meeting were:

A. McKellar. commers took between 21 units agree with our Chairman that the Mr. H, V. Wilkinson (Chairman), Ball, Leung Fattin, and 100 unila and only 19% con-time has come when the remunera Mr. T.. E. Pearce, Hon. Mr. S. H. Wong Chi-po, Wong King-on, L. E. Tumesi over 200 units during the tion paid to our Directors should be Dodwell, Mr T. N. Chau (Directors), Guterres, G. G. N. Tinson, Wong monilito put it another way about increased to, a sum which is a little Mr. V. Sorby (Manager), Capt. F. L., Ping-sun, B. Wong Tape, Lo Kai- Half the 40,000 odd accounts sent more commensurate with their res Brown, Messrs. Ko Koon-fan, Gwing, Kwok Hin-wang, and G. G.

F. L. Wood (shareholders), Fahnestock, S. T. Willemson, pui monthly, are for under $5.00 ponalbilities.

that to $18,000, said: There is a saying The resolutions were approved, Mr. front there have been encounters be- Ioss than $1.50) Monthly bills were that the labourer is worthy of his hire! T. E. Pontco being the seconder,

LONDON, Mar. 20 (British Wire- less). The British Government have the sent a message of thanks to Spanish Government for the rescue of the Captain and 53 of the crew of the British ship, Armanistan, by the Spanish ship, Monte Abril.

The Armanistán had been tor- pedoed,

HEADACHES

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IT will RAIN!

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CONVENIENT

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WASHING, POLISHING AND LUBRICATION SERVICE.

Cars or Trucks with:- Wheelbase not exceeding 80 inches - Rate par month $17.50

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150:

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RATES ALSO INCLUDE DAILY "CHECK OF GAS, OIL, WATER AND AIR.

Export maintenance and repair service aro also available at reasonable ratos.

BOOK YOUR SPACE AT STORAGE DEPARTMENT Drive In Entrance from Nathan Road

FAR EAST MOTORS

26 Nathan Road, Kowloon

Tel. 59101.