1941-07-10 — Page 23

NANCY

NANCY HAS SOME NOIVE

KEEPIN' ME WAITIN' ON

SUCH A HOT DAY!

ICE COMPANY

Thursday,'

HONGKONG TELEGRAPH

By Ernie

July 10,

Bushmiller

Cope, 1861 by Inštek Prature Byndicate, Ine TLPIL URMAS Dichte voorvad

11

-LINIE

|-BUSHNULLER

1941.

CHUNG HWA Mr J. J. Paterson Reviews BRITONS ON

CO. FOUNDER

DIES IN HK. Conditions In Far East

The death occurred yesterday of Mr Loh Fel Pak-cong, member of the People's Political Council and foun- der and General Manager of the

Chung Hwn Book Company, Ltd., at Kowloon, according Central

and

Is

Lay in the Council have telegraphi-| indeed go any distance along or £25,000, intento per cent, better realised

cally reported it to Chungking.

Revolutionary Work

A native of Tungslang, Cheklang,

In 1930, Mr. Fel established Puo An Industrial Shanghai with a kong.

that path."

This statement was made by

have als

always so readily

was

they

the

Hon. Mr

Paterson

sailors.

been

RIVIERA

Final Expulsion

Own

Colony Rainfall And Water Facts

SPECIAL TO THE "TELEGRAPH“ CANNES. July 10 (UP),—All Britlos nationals except farmers, "I have mentioned difficult trading conditions because I want to stress how our

Industrialists and domesile servants were ordered to-day by the French interest and our future are being threatened. Requisition for the moment is right and Government immediately to quit the the age of 50 at his ruidence In

French Riviera, which has long proper but it takes little thought for the future. In the Far East, shipping has had to

been the

playground of British News,"

depend on the abnormal and the¡ for all other known abilities there depends on the efficiency and loyalty

milionaires. stage stars and the fle died of heart fallure

remains a credit of £237,125.17.4. of its Floating and Shore sinfts and aristocracy, survived by a wife, a con not two profits and depreciation we are test

balance forward as always these have been faithfully Britons remained in

It is estimated that nearly 2,000 daughters.

allowed to-day, will not of them.. from 1939 of 19,740.13.3., Transfer given without stint wherever the

the Riviera Members of the P.P.C. resident in selves provide us with all we Fees £73.7.0., and a net gain on unit ships might be,

despite the extensive repatriation Nover has the during the war and following the Hongkong who feel his death a great shall require in the future nor sold of £120.11.0., there la a balance uninterrupted flow of sea-borne Armistice.

which it in pro- traffic been more important and

Most as follows: posed, to

never has that Importance

those remaining palatial villas or farms along the To pay a Dividend of 1028, 1920, years

guast or have yachts tied up in the 1030 and

Requisitioning

harbours Mr Loh Fel was engaged in revolu the Hon. Mr J. J. Paterson this 1031 on 40,509 Cumulative Preferred

where they live. They I have mentioned difficult trading have been given the choice of seven tionary propaganda work as a newo-morning when he presided at Ordinary Shoren £59,506.16.0; To conditions because I want to stress other departments in Free France paper editor in his carly days in the sixtieth ordinary general transfer to General Reserve 100,- how our interests and our future are where they may remain without itankow and Changsha,

for being bothered. In the first year of the Chinese meeting of the Indo-China 000.00; To carry forward anappro- being threatened. Requisitio

No reason is given for the order. Republic, he established and became Steam Navigation Co. Ltd., 868.0.1 £17,500.13.1. Total: 2257, the moment is right and proper but

It takes little thought for the future; Many have appealed to the United General Manager of the Chung Hwa held at the Offices of Messrs Of the sum of £180,000 put to in the Far East shipping has had to States Embassy in Vichy, which is In Shanghai und Jardine. Matheson & Co., Ltd./General Reserve some part will be depend on the. abnormal and the France, but the pollco order is final Book Company

in charge of British affairs in Free Hongkong. To-day,

ay, the Company Pedder Street, at noon.

required to meet War and income profits and depreciation We arc is one of the largest book publishing What was described as a rather known for some time.

Taxation but the amount will not be allowed to-day will not of them- and the Embassy in helpless to in- concerns in China, employing he better report than last year

provide us with all we shall lervene. tween 3,000 and 4,000 workers,

Chairman's Speech placed before the shareholders.

require in the future nor indeed

ផង The Thanks were extended to the Royal

distance along that path. But requisition was essenilo), there is no branels in Hong- and is Majesty's Consular Officials better report than last year, a result Company

Company in Navy, the Government of Hongkong Your Directors are pleased at being

able to place before you a rather Relling away from that; and this for the "Iivaluable

fortunate in having built achieved not without some risk and or bought the last

over

Lew years anxiety considering that our fleet was seven new coasters and a S meeting

were the

Upper with an Mr M. K. Lo, Mr S. T. and

steamer now serving her country

Figures Issued to-day by the and Mr L. J. Davies (Directors), derived from two wars.

For the first four months of the elsewhere. Drundly speaking this Water Authority dated July 1 indi- Mr C. T. Tod (Secretary), the Hon.

your our Coasting and

in spite of the heavy Calcutta Company unfortunately cannot buy cated that, Mr Li

LI Tse-fong.

ships traded Lyon, D. S. Robh, H. J. Armstrong, but after May I came under Govern- marktet for its ships exist of

freely with good returns ready made ships, nor does a ready rainfall which the Colony has experi

the enced, the total recorded by the L. H. Railton, J, M. de Silva, ment requisition on completion ef coast of China; Calcutta, Coast and Royal Observatory for the first half Wilcox, Chui Sui-nam, J their voyages at White Paper rates River as all these vessela are of the year was still less than the Obtain, Foreign Currency

Fleming, P. Morrison, Chan Wing, und conditions. That is how they specialised.

near-record total for the same period D. I. Bosanquet, F. C. Hall, J. Fare employed to-day.

last year. LONDON, July 0 (British Wire-Feely, G. H. Piercy and Lo Yuk-wing|

But pace requisition there's a less)The Prime Minister's

Yangtze River

Total rainfall for belief abroad that shipping people months this year amounted to 50.675 stateShareholders).

the first six ment in the House of Cormons re-

I have mentioned the Coasters and shipping concerns roll Directors Report garding the Syrian ormistice discus-

and Calcutta ships; it must not be gold; since I've been in this chair 1 inches, against 85.335 inches for the alons contained reference to Ger-

forgotten that, as I said last year, haven't noticed it. Going back to same period in 1940. man activities the smuggling of Directors:

was laid up, the Yangtsze closed to received cocaine and hashish into Egypt and

After four months trading on their all but Japanese tonnage. Some of

yearly average of the million gallons. Or reservoirs Palestine for the

the of under- mining the health and morale of the own becount the Company's Coasting our river vessels lie above Kiangyin per cent against the 6 per cent they Kowloon, however, the 3,000 million and Calcutta vessels were requisland as the Japanese contend that had the right to expect; nine years local inhabitants.

Jubilee Reservoir was gallon It is well-known in Informed

loned at fixed rates of hire by the that part of the river is within the of cumulative dividend outstand. 10 feet below overflow, while

of Shipping, London, on area of hostilities, although their own

A National Asset

Kowloon Byewash was two feet be- with To sum up, in war time requisition

overflow, Jow

ow, Tainl Kowloon stor- and proper; and after May 1. comparative freedom, we are unable is good and right is conducted by Several important units of the Coin- even to shift our ships to a place of peace time some reverse process 1nge was 2,657.35 million gallons

Average consumption of water per the German armistice delegation in pany's River Fleet were requisition- safely. You will remember it was required to carry British shipping to Syria. The tramc is operated by ed later in the year whilst re under such conditions that the Com-that day of emergency when

person in Hongkong und Kowloon gangst fishing motor-boats plying ninder continues to lie idle in con-pany sustained

in

was 23.45 gallons. A constant supply casualties seven

It will be recognised as again between Halfa, Sidon ad Guza.

was maintained throughout the first sequence of,the closure of the Yang-estimated at about £113,000; our national asset. These gangs bring_In_as anuch as

clatins ot the time were presented to I quote from a report of the Im-half of the year. one kilogramme a week of cocaine

The claims.against the Japanese the Japanese Government through perial Shipping Committee: "We have und one kilogramme of cocaine Government for our damaged River our Consular Omeinls but these have reviewed the difficulties of British

many hundreds of pounds Craft-have. not yet been met.

al Company's river tonnage that was the procedure is that the cocaine, Shanghai Banking

The loan with the IIongkong and table tu us has been requisition- e organised competition of othing!

Corporation for ****

countries and particularly of

of Japan, which is very largely produced in the four vessels acquired three years would again repent that trading should be given by the Governments Wo belleve that consideration

Axis Drugs Victims Into

Compliance

quar-

Present at

at the

[on.

Soft

A

Messra M, H. Lo,

D.

untold

Refreshing!

UB

DRAUGHT

ਆਸ

UB

BEER

W

W. R. LOXLEY & CO.. (China) LIV.

The Sign of · Perfect Drycleaning

ZORIC

ENTACLEANING SYSTEM

FOR. ALL TYPES. OF CLOTHING. AND

HOUSEHOLD. FABRICS

Following is the report of the the greater part of our River fleet 1007 the preferred shareholders have. All reservoirs on the island were THE STEAM LAUNDRY

ters in London that this traffic, which left discharge at the first commercial craft ply there foreign exchange, with precious terminal port on

provides

conclusion,

Gern

Boulder Tragedy

In Chungking

SPECIAL TO THE TELEGRAPH"

isze.

the re-

ex to be paid and this figure is in- eluded under Sundry Creditors lo CHUNGKING, July 9 (UP)-One the Balance Sheet.

Disposal Of Balance

hundred and twenty five persons

in

Опсе

IL

not been paid yet. But most of the Shipping in the Far East in face of Trading With

Enemy Charge

I

ernment

our

His

was

allowed

ja

is carried to Europe by the age, which stood at £204,881.12.2d. on the China Coast has Peru, Latin-Italian air service operating on the 31st December, 1930, has now easy since most of the ports have assistance to the shipping companies Mun, merchant, was charged before not been to the practicability of financial Cheung Ching-pong alias Chen between Brazil and Rome, and is been liquidated.

been blockaded and those that are then dispersed all over the Continent,

This German trick may suffer an An addition to the Fleet has been open to Us still are affected by for the modernisation of their fleets Mr G. T. Lowry at Central Magis abrupt cessation if the Syrian arinisator Vessel Ilinsang which was one of the evils left in the wake of anticipate and prepare for the impact charge was not disclosed.

made by the construction of

as a part of the solution of their tracy this morning with trading with the complex currency problems to name dificulties. It would appear wise to the Enemy. The

nature af the tice discussions reach a favourable Irunched on February 20, 1041, and a war which has been going on since of new forces in the balance of Mr E. G. Nigel, pleaded not guilty

is expected to be put into commis 1937. Fortunately the sion shortly. The cost of this vessel activities are not confined to

Company's Oriental trade in the futtime In) was remonded for a work for further

the

on behalf of Defendant and the case is being paid out of available funds. Ching Coast alone and the ships

would have been Help woul At Decor

December 31, 1940, the sum of engaged in

the years and

before; If we inquiries. Defendant long established 1938 with North approximately £33,000 still remain trades

Bornco,

the believe in the value of sea power bail in $1,000. Straits and India have fared better. and shipping-as Islanders surely Sergeant Russell is in charge of the

there's our ereed-then I am very case for the Folice.. Officials Thanked

certain some form of aid will be Once more I thank, and never more required.

Money To Windward were killed or wounded at 3.40 p.m. The balance of Steamers Workingratefully, the Royal Navy, the Gov-

of Hongkong and

General Reserve has been increased For the moment money must be to £400,000 by transferring £180,000 to-day when a giant granite bouliler Accounts showed a profit of £381.- Majesty's Consular Omiclala for the weighing at least 40 tons rolled down 001.17.11. (the rate taken for con- invaluable assistance they have al-put to windward; before the deferred from the Appropriation Account and to the Chialing river from a height version being the average rate

Unappropriated Profits of ways so readily given. With the shores can be of value the preferred under of 300 feet from Chungking's city exchange for the year (or 1/2.27/32.) outlook so clouded the Indo-China outstandings will have to be paid shown the carry forward to 1941 of wall, behind the American Methodist and after providing £101.758.13.10. S. N. Co. Ltd. is particularly grate-off but all your directors can safely £17.556.13.1.

at this Hospital.

for Depreciation

and

£22,177.09.| ful for their help. The Company recommend it

moment 1

Contingency · Reserves payment of four years preferred in-

Contingency terest, leaving nine years to meet. £52,3849.7 which is practically the Reserves stand at For shipping is a business of ups

same as last year. and downs, more downs than upa and

history shows how very essen- tal it is to guard the profits of the better

years. Turning to the Accounts themselves you will see from the Profit & Loss Cummutative Preferred Dividends from Account

that the nett balance 1932 to 1040 inclusive (nine years) Steamers Working is £301,061.17.11,

amounts to £113.800.6. nott gain on Unit Sold £120.11.0

With these remarks, Gentlemen, 1 and Transfer

fer Fees £73.7.0. For the have now to propose that the Report purposes of comparison. Inst year and Statement of Accounts ns pre- fitures are also shown in the After

sented be adopted, that a dividend providing £101,730.13.10 and £22,177.6.9 for Preferred Ordinary Shores for the

for Depro

"For of 0/- per share on the Cumulative all other liabilities there remains a

AN UNFORGETTABLE STORY

The screen's most

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"The Old Maid”!

Richard A. Rowland presents

CHEERS for MISS BISHOP

with a

MARTHA

WILLIAM

SCOTT · GARGAN

-

Featuring Edmund Gwann - Sidray Blackmer. Dorothy Peterson Introducing MARY ANDERSON Directed by TAY QARNETT Rolesand thru United Artists

Starts To-morrow LEE THEATRE!

Current Liabilities are considera- bly reduced by the liquidation of the Hongkong & Shanghai Banking Cor- poration Loan Account.

Contingent The

Liability for

profit of £237,310.15.10 which hos Year 1928, 1929, 1930 and 1931, be been carried forward to the Appro- General Reserve, that £17,558.13.10. pald, that £100,000 be transferred to priation Account.

Wih the balance brought for- be carried to next year's account and ward from 1039 of £19,740.13.3 that the dividend on Preferred Ordin the amount available in the Appro-ary Shares on the Hongkong Register priation Account is £257,060.9.1.

be paid at the mate of 1/2% per dollar, being the T.T.

rate of exchange ou December 31, 1940,"

The resolution was seconded by

Directors Fecs

The Directors propose to transfer

£180,000 to General Reserve and to Mr F. C. Hall and carried unanimous-

pay a dividend on the preferred or- dinary shares for the years 1028, 1y. 1020, 1930 and 1931, a total of

£59,506.10.0 to carry forward un-

Appointments

Mr Kallion proposed that the up- appropriated to 1941 £17.059.13.1. pointment of Mr Davies as a Director been paid for be confirmed and this was seconded

by Mr

Directorn fees

Have

the first time since 1030.

In the Balance Sheet the Book ous dosanquet and carried unanim- Proposed by Mr M. H. Lo and

Value of steamships cic; now stands

at £49,000-as compared with £940, seconded by Mr Morrison, Mr S. T. 000 last year. This is due to addi- Williamson was re-elected a Director tiona the fleet during the year of of the Company, £110,760.13.10 1cas £101,700.13.10 seconded by Mr Feely, Mr Fleming

Proposed by Mr. Piercy depreciation written off.

onl

Under current Assels the sum of and Mr Kitchle were, elected as £143,620.4.0 for Accounts Receive Auditors of the Company for the able, and Agency, Balances has a year 1941 at a remuneration of been accounted for since the end of $0,000,

it was announced that Dividend With regard to the Liabilities, Warrants will be ready to-morrow.

the year:

Head Ofce and Works, Tel. 57032.

Hong Kong Depot,

Tel. 21270. Peak. Depot, Gloucester Bldg., 2nd Flr., Tel. 20938 Kowloon Depot,

CO.

Tel. 29352

Tel. 58545

The RD Eye

LUCAS EQUIPMENT PROTECTS:

YOU WHEN DRIVING AT NIGHT

Agents: DODWELL & CO., LTD. Stores Depot, 5 Russell St.. H.K. Tel. 25957

COMING SOON to the KING'S

KAY KYSER & HIS ORCHESTRA

YOULL FIND OUT

With all three of the Ha-Ha-Horror Boys PETER GRAN

BORIS

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