1940-03-28 — Page 29

Thursday,

HONGKONG TELEGRAPH

March 28, 1940.

By Ernie Bushmiller

NANCY

THOSE LI'L BEAVERS HAVE A NICE GASY

LIFE, DON'T

THEY?

YEAH --- BUT I BET THEY GIT AWFUL

BORED JUST CHEWIN' ON

LOGS!

WELL THEY

WOULDN'T BE BORED IF THE ZOO PEOPLE WOULD BUY THEM

A GAME TO

PLAY!

ANIMALS

PLAYIN'

GAMES?

SURE!

ወተ

CHINA PROVIDENT LOAN PROFITS Successful Year's Working Reported By Chairman

A profit of $283,675 on the year's working was reported

at the annual meeting of the China Provident Loan and Mort- gage Co., Ltd., held in the Jacobean Room of the Hongkong

Hotel at noon to-day.

Those present Mr.

LA RAILLEUSE

Premier den i NAZI PAMPHLET French Destroyer Lost

Churn (Chairman), Robert Ho Tung, Sir Robert Kotewall, Mr. T. B. Wilson, the Hon. Mr. Li Tee-fong,

Mr.

BOMBS

SPECIAL TO THE "TELEGRAPH" BRUSSELS, Mor. 27 (UP).~~ Foreign planes, believed to have been

N.. A. Croucher, Mr. B. Vas wani, Mr. J. Tam Hung, Mr. A. M. S. Rozarjo, Mr. E. J. M. Churn, Mr. A. W. JSimmons, Mr. H. Q. Hunt, Mr. Lam Shu-chuen, Mr. Lo Kal-wing, German, flew over the Mons district Mr. K. C. Mark and Mrs, R. A.close to the French frontier en Mon- Wickerson (Secretary). A total of day night and dropped tracts design- ed to demoralise the French soldiers. 40,403 shares were represented,

Some copies of the pamphlets were

to the northwest picked

up Brussels.

ان

Tribute To Late Me, Hodgson The Chairman moving the adop Lon of the report and accounts said: Before proceeding with the bus- ness of the meeting, it is my painful duty to have to record officially the book value of the land held under death of Mr. Paul M. Hodgson. The seventy five year Crown Leases and all the buildings over the remaining late Mr. Hodgson, By you ure doubt aware, was a member of this life of the properties.

The Funds

Board for 14 years in an unbroken now stand at $47,731.74 and are line, and in his demise, the Company covered by an Investment in long- has been deprived of the services of kong Government 4% Lonn Bonds as a wise and resourceful counsellor shown under the item "Sinking Fund May I ask that you will stand for n Investments" on the assets side of the

Balance Sheet. moment in silence mark of your

as respect to his memory?

The proft for the year under re- view, after making provision for all known contingencies, was $283,675.14, equal to 12.83% on issued capital.

You will recall that in my speech at the previous annual general meet Ing I stated that the profit earned in 1038 was exceptional as it had been earned under the ditions ruling throughout that year, and

of the $550,000 made in 1938 the sum of $278,000 had been

and Furniture and Equipment Motor Trucks and Motor Bont have been adequately depreciated,

The Book value of our investment in the Sandakan Light & Power Co. (1922) Ltd., has been adjusted lo market value in accordance with the terms of my speech at the last Annual General Meeting, and the surplus of

extraordinary con- $276,468.60 transferred to the Invest-

ment Fluctuation Reserve.

The item "Investments $148,157.18" derived represents $116,000 3% Hongkong accommodating Government Loan Bonds and $20,000

from leased godowns accommodato:4% Hongkong Government Loan

distressed

cargo, thus the profit from Bonds.

our own properties was $278,000. At The amount duc from Sundry

In Terrific Explosion

SPECIAL TO THE "TELEGRAPH"

ROME, Mar. 27 (UP).--The 1,378-ton French destroyer La Ralileuse was completely destroyed by a mysterious explosion on Saturday, according to the Tangiers Correspondent of the "Giornale d'Italia."

The correspondent states that the blast spilt the destroyer in two and she sank within a few minutes."

Or the destroyer's complement of 142 men, over 100 are reported to be missing. Several injured men have been rescued.

The La Rallieuse was just leaving Casablanca when the explosion occurred.

The destroyer was commissioned in September, 1026. She was armed with four 5.1ln. guns, two anti-aircraft guns and six 21n. torpedo tubes. RAILLEUSE LOSS CONFIRMED

PARIS, Mar. 23 (UP)—An official communique lasued by the French Navy Departinent states that seven were killed and several of the crew are missing following an explosion aboard the French destroyer Rallleuse.

Tributes To

Mr. Savage

Funeral Services In London On Monday LONDON, Mar. 27 (Reuter).

the beginning of 1030 ail leased 80 Debtors at the end of the year wasThe funeral services for Mr. downs, except the North Point Yard, had been given up and the profit for $145,093.92 of which $119,052.28 has M. J. Savage, the late Premier the year from this source was only since been collected.

The Employees' Provident Funds of New Zealand, will take place $35,000 whilst the earnings on our

The news of his death has been own properties amounted to $279,000. have, during the year, been vested in on Sunday.

Trustees and withdrawn from the Godowns Full To Capacity

Company's general assels. The scope received everywhere with deep regret The year 1939 opened with of this Fund has been enlarged so and messages of condolence have been moderate demand for space, which, that it now includes all our perman-sent from all parts of the English except for the set-back at the begin-ent employees with three years speaking world. ning of the war; improved during the service year until a peak was reached in November last, which proved to be a record month for earnings from our In the

not

wr

have

Company's his

January

month.

$00.00 per

carning over Dividend Recommended

The balance now available for ap-

One message was received from General Smuts, the Prime Minister of South Africa.

Newspapers' Tributes

Canadian Elections

Govt. Sweeps The Board

Liborals Secure A Record Majority

OTTAWA, Mar. 27 (Reu- ter). The latest state of the parties in the Canadian elections is:

Liberals, 174,

Nation Government, 38, Doubiful, 8.

There is no change in the other

record per majority, representing 53 cent. of the national vole, Mr. Muckenzie King will probably summon Parliament for either May 2 or May ..

We dared by"

de-! The latest figures are:-

Liberal 174 seats (out of a total of 245).

Gov- Conservative (or National crnment as the party has been call- lug itself) 38.

In a leading article to-day the own properties that Ctent year our propriation is $357,082.88 made up of "Daily Telegraph' regrets that Mr. tory. During!

Smashing Victory godowns have been full to capacity the profit for the year 1939 $283,075.-

OTTAWA, Mar. 27 (euter). The Liberal Government of Canada and the demand for storage space 14 and the amount brought forward Savuse will not be able to play a

ors must come in the future. seems likely to continue. We have from 1930 $74,007.74. Your Directors Part in the Imperiat discussions which

sufficient g

He might have had a great part to has obtained a smashing victory at go-will recommend to this meeting that Bble to rent

the polls, n victory even greater than been

cents per share be

DC play. down space to take care of all our a dividend of fifty

puid absorbing $221,100.50, the sum He has already forged the spear- its most ardent supporters had hoped clients' demands, but for the accom

few of our old clients of $50,000, be transferred to General head of New Zealand's effort, saya, for. modation of

sum of $15,000 be the "Dally Telegraph," and we have rented two small godowns, Reserve, the which will only shew a very moderate distributed to the staff at the discretermined her policy in one of the profit. Owing to the Inck of snnection of the Directors, and that the most decisive hours for her future.

during

Commenting on his social reform and balance then remaining $71,570.38 be

the Manchester Guardian" work, February this year had to refuse carried forward to 1940 account, and

thai Mr. Savage led

the several steamers, but recently we we trust that these suggestions will anys

your

which is in many ways approval: have been able to resume this im-meet with

To fill the vacancy caused by the

live, to take steps in social portant phase of our business.

Ideath of Mr. Hodgson we have reform and cet an example for the I am pleased to record that our customers have avalled themselves to invited Sir Robert H. Kotewall, Kt. democracies,

extent

of the facilities we C.M.G. LL.D., to join the Board and a greater

libis appointment requires the con- ffer for loana against cargo stored Armation of the Shareholders at this with us. These loans are invariably

mple margin and are Meeting. granted with

now beg to propose that the for short terms only. All the loans Directors Report, Accounts and outstanding as

as at 31st December: Balance Sheet for the year ended 1030, have since been repald, excep

except. December 31, 1039, na presented, be one loon which we have renewed.

The balance sheet of your Cam-adopted, and that the balance avall-

jablo ot Profit and Loss Account

Our

mended by the Directors.

The retiring directora Sir

of

Robert

pany shows a very satisfactory post- $357,682.00 he dealt with as recom- tlon, and you will observe that your Directors

recommended kave transfer of a further $50,000 to Ho Tung and Mr. J. P. Braga were General Reserve. Increasing this re-elected and the retiring auditors Messrs. Linstead and Davis and Percy Reserve to $150,000.

Scheme Of Depreciation Smith, Seth and Fleming were reap- During the year under review your pointed.

The appointment of Sir Robert Board have adopted a definite scheme of depreciation based on a sinking Kolewali to a seat on the Board was fund at 34% interest to provide the approved..

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His name will have its place among those of the most sincere social re- forms that the British democracies have ever produced.

Seeking New Agreement

The Co-operative Commonwealth Federation 8.

New democracy social credit 7 Others 9

All Communists

One result has been deferred and eight others are still doubtful.

The results do not include the votes of the Canadian troops which will be avaliable next week.

The votes may alter some of the re- Frulia but will not be enough to affect (the main issue.

Every communist candidate was defeated,

The Social Credit Party only polled one out of the original 15 seats. Franco-Japanese Talks

All the leading lights of the Con- To Be Started servative Party were, defented and so

were all the women candidates. DPECIAL TO THE "TELEGRAPH"

One Woman Elected PARIS, Mar. 27 (UP)-It is

OTTAWA, Mar. 28 (Reuter).—Mrs. reliably reported that the Franco- D. W. Nellson, a Unity Party Japanese negotiations for the renewal candidate and mother of three chil- of the modus vivendi, commercial dren, defeated the veteran Liberal treaty, expiring on April 15, will Mr. C. R. McIntosh at North Battle- begin next Wednesday between the ford. Snakatchewan, Secretary of the Japanese Embassy, Bbo will be the only woman mem- Mr. Salda and the Commerce Chist ber in the House. All other women of the Foreign Office, M. Delenda.

candidates were defeated,

It is said unofficially that a Japan- ese observer, Mr. Kawat is expected to arrive from Rome next Friday morning and will continue a tour of the major European countries.

Indian Agitator Sent To Prison

STOCK EXCHANGE CHAIDASSA, Bihar, Mar.

EASES

27

(Reuter)Jayprakash Narain, Gen- eral Secretary of the All-India Con-! gress Socialia Party, who was ar- tested three weeks ago under the Defence of India Act after delivering

CRNIE BUSHMIL

Police Fire On Calcutta Mob

15,000 Scavengers Go On Strike

CALCUTTA, Mar. 27 (Router), For the first time for ten years, the Police opened fire in Calcutta to-day when a Police picket was attacked by a gang of municipal scavengers, who had been on strike yesterday,

-

After the Police had fred four rounds, 10 of the strikers were arreated.

About 15,000 scavengers aro on strike demanding a 25 per cent. in- crease in wages,

Eforts to extend the strike to other, municipal services were checked by the arrest of soven leaders.

Correspondents, Please Note

LONDON, Mar. 27 (Reuter)~The Postmaster General has given notice! that all correspondence with persons who are members of crews on bourd all ships, save those under charter to the Government, must be address-

ed care of the owners or agents and

not care of the General Post Office.

NELSON EDDY in M-G-M's "BALALAIKA” onjoys his lolsura hours with a GOOD pipo

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and other tobacconists

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Visit These Dealers TO-DAY

LONDON, Mar. 27. (Reuter).-The Stock Exchange. to-day was very quiet, prices in most groups tending speech, was to-day sentenced to CHINA EMPORIUM, LTD. to case apart from Kafirs which were nine months rigorous, imprisonment. supported by local, together with Cope, buying.

וי

HOLT'S RADIO & ELECTRIC LAB, LONDON, Mar. 27 (Reuter).The Home rails continued yesterday's loyal Albert Hall is to be re-opened RADIO & ELECTRIC SERVICE

but will conform with police regula The now war loan closed at 1/10tions in that the accommodation will WING ON CO., LTD.

advance.

dlacount,

Wall Street was firm."

be limited to 5,000 people instead

|of the normal 7,500.

CHUNG YUEN ELECTRIC CO. PETER MUSIC COMPANY TSANG FOOK PIANO CO.