1940-04-03 — Page 27

Lever Against Roosevelt

Purpose Of Nazi White Book Revealed

LONDON, Apr. 2 (Reuter).The "Zurcher's" Berlin correspondent влуд that high hopes, are held in Berlin that the White Book will arouse a strong reaction in America and strengthen the hand of those who recommend alrict non-interference and neutrality.

made to Hardly any attempt concent the fact that it is intended to, provide Amerlean opposillen with a weapon for use against the Presid- Hopos Destroyed

cal.

"Dasler's"

any's:

Wednesday,

HONGKONG TELEGRAPH.

MANAGER-DIRECTORSHIP FOR MR. J. TAGGART Warm Tributes Paid At Annual Meeting Of Green Island Cement Company

The appointment, of Mr. J. H. Taggart to the post of Managing Director of the Company was announced by Mr. J. Scott Harston, Chairman, at the 51st. annual meeting of the Green Island Cement Company: held at the Company's office la Exchange Building this morning.

Mr. Taggart was credited with having, by reason of his financial acumen and business instinct, saved the Company from the disaster of liquidation with which it was imminently threatened in 1934.

The Chulrman said the plant uit Berlin correspondent flok Un had been working at maxi- "In diplomatic circles, M. mum capacity during the past year, Molotov's attitude is regarded as while the balance from Working destructive of all the hopes which account amounted to $637.224.14 as were thrust into the foreground af-gainst a figure of $404,135.04 for the

proceeding year. ter the Brenner

In Rome, the inge" in an

Molotov's describes M. editorial, speech as disquieting for all neutral Scandinavian states are countries. warned once again not to conclude defensive any agreements are unwelcome to the ag

agreement

gressors,

ur not."

Even

on

or-

поп

by be

exceedingly

Mr.

frum

April 3, 1940.

Terriers In Maginot Line

First War Trophy Is

Nazi Gramophono LONDON, Apr. 2 (Reuter)-The! first battalion of Territorials to be in direct contact with the Germans is the Northamptonshire Regiment which In already holding outpost positions In front of the Maginot Line.

The Territorials aro amateur civilian soldiers of peace me who now are part of the regular army.

They have had their full share of patrol work and although they have had no engagements with the enemy they had penetrated. deep into No- man's-land.

The First Priza Was a Their first prize the Regiment's headquarters in Eng- land. gramophone which is being sent to

German

The gramophone was found during a patrol. It was found in a cottage which had been used by the Germans. With it were 22 records and a radio

set.

The patrol took the gramophone re- next night they found the Germans cords but when they went back the and been there before them and the radilo set had disappeared. -

JOHN L. LEWIS TAKES OVER

your Board Loss Account for the year 1939, (us Managing Director of the Company-

therefore, consider not only necessary, but also already referred to), a sum of an appointment which $70,454--which Reserve, now stands in the accounts at $370,-highly desirable from every point of As most, if not all, of the Com- 454. Should the appropriations sub-view mitted for your consideration-all of which have been incorporated in the pany's shareholders are aware, accounts now before you be ratified, Taggart hus during the past ten years Death Of Old Employees

General Reserve will stand at a' figure taken very considerable interest in Mr. Scott Harston saldi Before proceeding with the

of $1,000,000, owing to the addition the welfare of the Company, and has, of the meeting of the sum of $150,000 allocated to in fact, been responsible, more than dinary business"

of its affairs. He also may, I think, desire to record on behalf of your that Account from the profits of the any other director, for the conduct Board an expression of deep

year under review, regret

The effect of the proposed adjust-be accorded the credit of having, by at the recent passing of two of thement of the reserves is to reduce the his Anuncial acumen and business

instinct, saved the Company oldest and most respected members M. Molotov emphasised tnt the of your company's staff, who retired nett book value of the plant, 3430, the disaster of liquidation, with which it was imminently threatened in 1834. volume of trade between Germany on pension during the years 1930 and nery and floating craft to $842,034.30,

During practically the whole of the and Russia was inferior to that be- 1939. I refer to the late Mr. Manuel which your Board think tween Rumania and Germany. He Augusto Figueiredo, who joined the garded as an

constant daily touch with our most also endeavoured to acquit Rol-service of the Company on January zervative figure, when compared with past 10 years, and more especially

NEW YORK, Apr. 2 (Reuter),- shevism of being an instrument in 1, 1908, in the capacity of Account the original capital investment, und since 1934. Mr. Taggart has kept in September the residual life values of the relative emcient manager, Mr. Taylor--who is The Soviet ni find retired

ant, the hands of Germany.

pare assets. Whilst on this subject 1030. Union "will follow its own policy 30,

after thirty-two years add that, in view of the lalso our present acting secretary-in Mr. John L. Lewis, the Labour regard to the innumerable details Leader, has arrived to take charge of service. Mr. Figueiredo whether it pleases these gentlemen loyal

materially improved financial fortunately passed away on Decem-mate

other member tion of the Company, your Board connected with the business of the negotiations to prevent the under- 28 Inst. The This warning is not directed only her

Mr. Lewis declared that he had current expenses, the making of against the English and the French. to whom I desire to refer is the contemplates that in future deprecia-Company, such as the surveillance of ground railway strike, These words are not likely to relate Mr. Oscar Mirandolindo dos tion of these particular assets shall contracts for the supply of raw settled the whole controversy inforce Beriln-Moscow solidarity.

Mayor La Guardia, but the settle- Santos Oliveira, who entered the again form an annual charge on pro materials and the maintenance of the Wednesday at a conference with Company's service on July 1, 1893, ts, which policy, I have no doubt, plant and equipment. Furthermore,

Clerk will meet with the approval of share Mr. Taggart has periodically prepared ment had since been nullified by Mr. in the capacity of Chiet

after holders, in view of the fact that under and circuited to his Co-Directors John L. Delaney, Chairman of the Hok Un Works, and niter

statements containing Transport

Board. The words of Stalin's loud- the

falthful service the altered financial circumstances of tabulated

Promises, No Strike Company, the Inclusion of such minute details of account in reference Sunt years

on pension speaker have a particular gravity at

December the (193

NEW YORK, Apr. 2 (Reuter). a moment when an attempt is being

31, 103

1038, ami, to our great regret, a charge in arriving at production to turnover, sales, etc.

The whole of the foregoing has country

February 12 of costs is legitimate and advisable un- made to show Russia as a

The in the current year.

Pissed

away on

The heartfelt der the ethic principles of orthodox been undertaken by Mr. Taggart Mr. John L. Lewis announces that voluntarily and without any re-the labour situation on the New York other railways and Fympathy of your Board is extended accountancy.

Truer Conception

muneration other than that received underground and the Butenko case sectned to be to the widows and relatives of these

and that the strike will not eventuate. Intended to stimulate discord.

Turning to the Investments and by him as an ordinary director of the transit nes is satisfactorily settled

Last-Minute Negotiations matter of com- effect Exchange Fluctuation Reserve, It Company-which latter position the Moscow Intended to reveal to the two gentlemen, to which sympathy

SPECIAL TO THE "TELEGRAPH" NEW YORK, April 2 (UP).-Five 10 Intrigue in the Balkans it could capitalising on an

In recording these facts not chouse more specious motives (for the benullt of the dependents) the purpose for which such Reserve non equity, to rectify very thortly.

lium express on behalf of the Board and million inhabitants of New York are medium Poland and the Faltle states have al- the pensions which, in more fortunate was created, this Account has been

the great railway an adjusting ES intlemen in question.

against

the fairly do on behalf of the share-strike, which may paralyse com- agression pacts signed by Soviet to the two

Chairman's Report

values

ues of the invested funds of

In holders, our decp appreciation of all munication on New York's subway Russia

In consequence

and elevated railway systems.

thousand rallway Twentyseven On reference to the credit side of Company.

workers are affected by the strike the Pront and Loss Account, it will vestments are included in the assets that Mr. Taggart has done in

a figure which represents the mar- above regard."

values thereof ruling

decision. be observed that the balance brought

..Grave Words

guaranteeing Balkan peace. sistence on the Bessarabian question

ut

world its well-known determination Your Board hus given practic, basis will be noted that in conforming to Board propose, as

desire to

ready shown the value of non-circumstances, would have been paid utilized luctuation in market myself, and also-s I consider I may threatened by

in from Working Account amounted ket

our

at

the

Seconder's Speech Seconding the Chairman's pro-

Inst

3

Mayor LaGuardia and Mr. John

position posal, Mr. Croucher sakl In rising Lewin, the Labour Union Chief, con-

M. Molotov's allusions to Turkey] are icy. That the speech contains no trace of intention to renew Tur- kish-Soviet negotiations means that Moscow has lost all hope of unhook to $837.224.14, as against a figure of: December 31, 1030, thus afferding; a

in an attempt to ing Turkey, from the Anglo-French-3404.135.04 under the similar heading truer conception of the liquid

for the preecding year, thus record at the close of the financial year. Turkish mutual assistance pact.

On It will be observed from the figure to second the formal proposal sub-ferred to-day ing an increase of $233,088.50.

The city will be placed under this of

of $1,454,657.00, nt credit of the head-butted from the Chair, covering the achieve a last-minute settlement.

adoption of the report and accounts debit-side of the contra-or

a rub- Account the figures under the resing relating thereto, that

every confidence that am voting on Wednesday. pective headings are, more or less, santial increase turing the year has for the year under review, I have virtual police dictatorship at B a.m. self explanatory. I would, however, heen effected in the stocks of raw the views of shareholders,

your Hok Un draw your attention to the fact that material on hand

This is in conformity withstale that we have listened with no this year

prehensive survey which you, Mr. a volume capable of Chairman, have just given us cover-

Soviet "Neutrality"

M. Molotov accuses the Allies of organising Finland as a springboard for aggression against Russia, where as in fact the Anglo-French-Soviet negotiations falled for the very ren- son that the Alles did not accept

the Soviet demands for a free band

In

the Baltic and the Scandinavian

states. While the Allies are accused

of endeavouring: to find pretexts for

tends to remain

Postcn"

has been made of your Board to maintain tie terest to the tucld and coin-

coveringston to the extent

of $70,454 in regard to amortisation

the In

угаг

tre

of

nt

That this

been

many must keep a cheerful face 10 brought forward from the previous einer with rates covering maritime on the measure of success that has

R.E.O.C.A. DANCE

Manhattan

SHIRTS

Expert tailoring and smart styling, unusual care exercised in every detall, and specially developed fabrics have made Manhattan Shirts the No. 1 Shirts for men.

:

We have just received a large shipment of these in plain blue, grey, fawn and white.

$10.00-Less 10% Cash Discount

MACKINTOSH'S LTD.

MEN'S WEAR SPECIALISTS

They're well worn

•

but they've

worn well....

thanks to KIWI

BLACK POLISH

Polishes, Protects. and Preserves...

TAN POLISHES

... White Cleaner and Shoe Creams

197)

long been a master at turning the year, makes available for appropriu considerably, and owing to the pre-by the remarkably fine showing disis Ladles $1.50; Gents $2, (Members KLINGER BLACK MOTOR JOINTING

tion

Board!

a fotil 2

At an extraordinary general meet- LE Col. R. G. Lamb R.E. in the chair, of the plant, machinery and floating meeting, as far as possible, any emer-ng the nancial justion and eventing held in Wellington Barracks with Captain A. C. Houghton R.E. and S. craft-this being the first occasiongency which may arise. In this con activities of our undertaking. has Company whereon reintroduction of this debit nection, reviewing contracts already item has appeared in the accounts entered upon and there in prospect.

vicissi-

man and Secretary respectively of enlarging the conflict, the Soviet in- since the drastic writing down effect-it will doubtless be a source of sutis-bied to surmount the difficulties M. W. Lock R.E. were unanimously reorganisation the faction to shareholders to learn that with which it was beset some seven elected to fit the vacancies of Chull the Entertainment Committee of the But ed in the "neutral."

tudes encountered, to attain to the R.EO.CA. Europe has had several examples of Anunces of the Company undertaken the Company has in situ at the pre-ears ago and, despite the

1034;

Anancial when, as you will sent time at Hok Un Works over 140 position of

strength and The next dance will be held at the Soviet "neutrality" since last Sep-

recorded in your in-Peninsula Hotel on Saturday, April recollect, the relative 100 tons of limestone, 8,000 tons of solidarity, us tember.

-doubtless The "Goteborgts

says: capital assets were written down by goal and 5,000 tons of gypsum, whichstructive resume and evidenced by from 8.30 Din. till I am. The

stocks, taken in conjunction with structiv

the Accounts with which we remaste will be provided by the dance "England's circumspection in handsome $3,000,000.

After debiting recurring charges, further supplies due to arrive under presented, is no mean tribute to the band of the 2nd Bn. The loyal Scots. Russia shows a respect of Rus-

recently entered inio, tenacity of purpose and oble manage (By kind permission of Lt. Col. D. sla's military power. M. Molotov together with a donation of $2,000, contracts

Inla J. McDougall M.C, and Officers). was nasty towards the Allies and to the British War Organisation Fund, should provide adequate resources ment of those to whom the adminis

of tration its nffairs have been but

In addition to Spot and Novelty very respectful to Germany,

balance carried to the credit of for the operation of your works

covering a protracted Loss Appropriation Ac- muximum output during an approxi- entrusted, While the Proft and binds him to neither.

cted prizes, there will be cabaret items David Kossick, Ernest period of considerable dificulty, and given by $351.116.10,

8, imate period of two years, count amounts tu Allies had Germany to fight, the cou

Fowler

Dick It will be appreciated, however, on behalf of shareholders I desire to Perry, Ernie

and Soviet pockets a filt here and there against $404,615.82 for the previous at a cheap price.

financial period, and, taken in con- that prices of all raw material, to congratiate the Board of Directors Labrum.

Admission (the right of which is "However, much she smarts, Ger- junction with the sum of $124,778.22,

tonnage in particular, have advanced attended their efforts, as evidenced strictly reserved by the Committee) the malicious game. England has

which valent hostilities in Europe, there ap-f of $075,894.32,

pears little prospect of any amellora-eed by the Agures now placed under the rank of Sergeant $1.50).

us, which reflect great credit your Bon bilnd eye."

recommends be allocated ears

dividend of

of these conditions; rather is on those concerned. as follows: To pay

oftion

In this connection I particularly Mistrust Increased

to pay

In bonus of $0.75 anticipated.

desire to associate myself with the $195,494, to

dealing with The "Dagens Nyheter" referring to 1er share on 195,494 shares: indicated that higher figures may be the possibilities of naval warfare in per share on 195,404 shares:-$140,- aspect vis-a-vis production costs, well-deserved tribute made to Mr. Scandinavian waters, says: "Of-428,50, to transfer to general reserve may say that it has been the policy Taggart, whose work on our behalf the Account, bringing same up to of your Directors in the past, and one since he joined the Board is largely cially directed utterances in German Press have in all their $1,000,000-$130,000, to distribute to which they propose to conform in responsible for the sound position

mahilain

is in 10-slay. our Company curry the future, to endeavour to bonus to Staff:--$17,307, frenzy not clearly stated what con-

might be and which will forward to the financini year 1940: retail prices at as low a level as is undoubtedly follow if the Allied $166.302,82, total, $875,00432, and

reasonably possible commensurate threat is carried out. It is a natural trust that such recommendation with: production costs, which latter reaction that acofaring countries like will meet with the approval of share-are perforce materially influenced by the factors to which I have referred Sweden and Norway should lacks the holders.

Maximum Output understanding for sudden feelings Turning to the balance sheet, on about absolute respect for inter- the, assets side thereof, I would direct

Notwithstanding the heavy calls national law and neutrality on the your attention to the items stocks made upon it, owing to the constant siderable satisfaction to learn part of

of the German Press chorus." in hand, standing at $1,454,037.08-

with which figure, when taken in coniune call for a maximum output, your our plant at Hale Un has been work The Stockholm "Tidningen" reference to M. Molotov's specchi, tion with those of Sundry Debtors plant at Hok Un has been weli maining at maximum capacity during the considers that the rumours of a pos- $180,600.20, Investments as at mar- tained and continues to function to past year, and that notwithstanding satisfaction of your the difficulties encountered, resultant the complete sible West Powers-Soviet rapproche ket value on December 31, 1939,

world wide cond technical staff; also am pleased to

upon prevalling ment

certainly. aro

premature, $319,415.00, together with cash

as a precautionary measure. "Molotov's speech increases the mis hand and at credit of Current Ac- be able to state that your munu tions, arrangements have been effcel-motorised units have been called up

total of factured product maintains that high ed to ensure an adequate supply of $90.200.29, makes a trust against the Soviet Union from co2.870.07.

This last mentioned degree of quality which is netually in raw material to our factory, thus

every side. Churchill strengthens

14 LEAVE H.K. BY CLIPPER

a

to

Roserve Adjustmonts

On

+2

this

1

Wisc Election By Board

In these abnormal times when de-

to be made without loss of time I ions affecting our company have feel the Board have been wise in electing him Managing Director.

It must be a further source of con- that

carb, an achieveme of a fance of our Plant and equipment i

Tables can be reserved at the hotel, Tel. 58081 or from the Secretary, Tel. 34121, Extn: 243.

The dance booked for April 20 Is unavoidably postponed to a inter date.

SWITZERLAND'S PRECAUTIONS

SPECIAL TO THE "TELEGRAPH" ZURICH, Apr. 2 (UP)-Switzer- land, which is already paying more per capita for mobilisation than any other neutral country, announced ad- ditional precautions to-day, in view of possible operations by belligerent Powers during the imminent spring weather.

Eight, thousand members of Swiss

CHIEF DIES

'SPECIAL TO THE "TELEGRAPH" PEIPING, Apr. 3 (UF).-It is an-:

(A British Product)

THE IDEAL MATERIAL FOR CYLINDER HEAD GASKETS, STOCKED IN BOXED GASKET SETS (CYLINDER HEAD, EXHAUST & INLET MANIFOLD, EXHAUST PIPE, ETC.) FOR THE FOLLOWING CARS:

AUSTIN (Seven, Big Seven & Ten) FORD (V-8, Eight, Ten & Prefect) HILLMAN MINX

MORRIS (Minor, Eight & Twelve) STANDARD (Eight, Nine, Ten & Twelve), VAUXHALL (Ten, Twelve & Fourteen')

and in sheets 1/32′′, 1/16′′, 1/8" & 3/16" thick. INCREASE THE EFFICIENCY OF YOUR ENGINE BY SPECIFYING "KLINGER BLACK" GASKETS WHEN YOU HAVE YOUR CAR DECARBONIZED.

In accord with me in supporting the was made by Mr. B. W. Tape, second- China Motor Agencies & Sales Co.

157-8-9, Gloucester Road, Wanchai

P. O. Box 673.

the impresion, that the Western figure, less that of Sundry Creditors excess of the exacting requirements making possible continuity of output JAPANESE ARMY Powers are now completely deter- on the contra side of the balance demanded under the British Standard against any contingency ikely to mined to take energetic action."

Whilst dealing with this aspect of sheet, amounting to $223,965.38, re- Specification a landlord which has arise. presents an excess in current assets been synonymous with the name of of $1,035,005.29 over inbilities, or an "Green Island Cement" during the our activilles is but Atting that only those responsible for the mainten~ past 50 the Improvement of $359,559.35 over resultant figure

covering similar made possible by the

thus plant and equipment which will bear should receive some tangible recognounced that Major-General Suke

toshi Kidani died in a local hospital! headings for the previous year, thus

on March 20, following his admission registering a considerable improve-favourable comparison with any lay-nition of their efforts, and the addi

for illness a fortnight earlier. ment in the liquid position of the out of a similar nature elsewhere. tional responsibilities devolving upon The Pan American Philippines Company, which I venture to think supported by the vigilant surveillance them. In the circumstances, I feel

exercised Clipper left Kal Tak this morning on holders will regard with satis-nt ali ilmes

by your confident that shareholders will be mechanical and laboratory staff. her return journey with 14 passen- faction.

In the foregoing circumstances, and recommendation covering the payed by Mr. C. N. Kong and carried, gers, 12 of whom were going to

in expressing profound appreciation ment of a bonus to the staff, whose Manila.

Tel. 22157 the liabilities side of the of the unfailing devotion of your energies and loyalty to the interests Passengers for Honolulu were Mr. Alfred Gemperie, executive of DN. balance sheet the only items appear manager, Mr. Taylor, and his staff to of the Company have contributed so Walter Co., San Francisco, who is ing to call for explanation relate to the Interests of the Company, I feel materially to the results with which

will we are to-day presented. that shareholders after

an the adjustments effected in the Re- confident returning to Honolulu

With these few remarks, it given extensive trip to the Orient; and Mr. serves. In this connection it will be endorse the proposal of your Board Henry Lamond, manager of Henry noticed that, whereas the General to implement such expression in a me great pleasure, Mr. Chairman, to

voling

to the second the formal proposal submit- Lamond and Company, Honolulu, Reserve stood at a figure of $1.180,- practical manner by

L. and Mr. Li Tse-long

SPECIAL TO THE "TELEGRAPH" who has just made his annual inspec- 000 in the last published accounts, steff a bonus of 15 per cent on their ted by yourself, covering the adop- Hon. Mr. T. E Pearce, Hon, Mr. A. New Chairman Of

Mr. J. H. Toggart (Directors), presented, and the carrying into tion four of the Philippines, China and Le, as at December 31, 1930, your calories for the year under review. tion of the Report and Accounts, as

and Mr. R. Board during the year under review Mr. Taggart's Appointment

SAN PEORO, Apr. 2 (UP).---Tho Japan.

Share- For Manila were Mr. Jack E. Hor- decided to inaugurate a Depreciation Before closing, I wish to refer to effect of the recommendations of the (Managing Director)

LONDON, Apr. 2 (Reuter), Dr. United States Battle Fleet sailed to- lon, representative of the RCA Victor, Reserve by transferring the sum of another important matter in connee Board na to the appropriation of the Taylor (Acting Secretary).

Croucher, S. S. Harris, Ho Kal-ham, i'ercoval W. Yetis, Professor of day,

Battleships were the last to leave. and Mrs. Horton; Mr. Lucian Rocke, $300,000 from the General Reserve to tlon with the conduct of your Com-profit for the financial year ended holders present were Messrs. N. V. A, of the Standard Vacuum Ol Com the credit of the Depreciation Re-pany's business, namely, the fact the December 31, 1839.

The proposat that the appointment P. H, Suckling, B. W. Tape, C. N. Chinese Art and Archaeology at pany, and Mrs. Rocke: Messes serve so inaugurated, thus reducing that your Board-pursuant to, and

19 $850,000. consonant with, the powers vested in of Mr. A. Morse is a Director be Kong, J. T. Lagran, Mok Yu-yan, London University since 1932. has The Secretary of the Navy, Mr.

that Mr. J. Scott Lo Yuk-tong, Lo Kal-wing. Wong been elected Clinirman of the China Charles Marcelo Nubla, Roman Mabanin, the General Reserve

Noos. Gurinamal Thawerdas, Yang Sh- Your Board further decided to aug- it under your Company's Articles of confirmed,

unanimously Harston and the Hon. Mr. A. L. Man-ching, Lau Shui-chven, Fook Society in succession to Sir Denison Richardson zung, Ng Foo, Mrs. Yon Go, Master ment the Depreciation Reserve by Association-recently Kian Chua and. Mis Eng Chun.. allotting thereto from the Proft and appointed Mr. Taggart to the post of Shields be re-elected to the Board Sun-ito, and F. E. Silva.

E. Wa

and

Messrs. Linateat and Davis and Messre. Lowe, Bingham and Mat- thesus were re-elected suditors at a unnum on the proposal of Mr. 3. T. remuneration of $1,000 each per Bagram, seconded by Mr. S. s. Harris.

Present at the meeting were the

China Society

U.S. Fleet Sails

Edison, and Admiral

aboard were

USS.

Pennsylvania,