1948-11-30 — Page 5

THE HONGKONG TELEGRAPH. TUESDAY, NOVEMBER 30, 1948.

Wheelock, Marden Tanks Bound For China 18 NATIONS

Meeting

CHAIRMAN REPORTS ON THE COMPANY'S ACTIVITIES

on

The general meeting of shareholders of Messrs Wheelock Marden & Co., Ltd., adjourned December 29, 1947, was resumed at the Company's offices, King's Building, this morning, followed by the Annual General Meeting for 1948.

They

in

The Chairman drew attention to The Share Capital Conversion Ac- count. The Share Capital itself, the

The

let it satis-

በl።

their

were much

In

Co.. to

Commenting on the accounts for Company was able to the period from April 1, 1041, to fuctorily, retaining only a smuli

for themselves. March 31, 1947, the Chakeman, Mr footage G. E. Marden, mid that the Balance activities in Shangluf

reduced. Sheets were issue in London

August Before the war the Company had respect of the period from 17, 1943, which was the date of acquired a substantial interest their

registration in the United the international Assurance

And Ltd, but if had been decided Kingdom. to March 31, 1944. for the following year.

redispose of their holdings to the in- interests associated with the Ameri- ferred, he said, only to acts

Cun International Underwriters, areas not enemy occupied, and were

which hu originally sponsored thy completely corporated in the ar

Company and atisfactory Ir- counts presented.

rangement was made.

PROFITABLE TRANSACTION

In conjunction with their asto-

the profitable purchase and resale of shipping property to China during the period after liberation, and made n certain number of purchases from the British Ministry and Admiralty. Included in these was the purchase of 48 Corvettes of which 28 had been disposed of profitably in the U.K., three converted into cargo carriers, one of which was now employed on the coast, five were lying at Hong- kong and 10 in the United King- dam).

Transfer Discussing the

of the Company to Hongkong, the Chair- mon said that it was decided that the transfer should be an actual as well or a legal one, and Shanghai had now the status of a branch, whilst

they IE Hongkong

had the branch

Head Omce. and had Fl new subsidiary, They Wheelock Marden & Co. (London) Ltd., which now attended to their The actual interests in the U.K. transfer to Hongkong was cemented by the acquisition of a half interest in John D. Hutchison & Co., Ltd.

General Reserve and Depreciationcintes, the Company participated in Reserve, as they stood in their books In 1911, had been converted into Hongkong dollars at the rate ruling in November of that year.

in London had aimounts provided been taken into account at $10 to the round, whilst on amount $2,097,000 had been carried

Profi the

and Account. Appropriation

trum

to

down Lots These amounts, added to the Bun

Ure Exchange Re- $2,309,000 from

had

the provided

exact serve

the convert amount required

10 HK$20

at capital

per share which the capital hid now been stabilised by resolution of Directors. He explained thu the Exchange Reserve which was thus used wns derived from the balance of this as it stood after appro- Reserve priating 1941 profits together with the difference in value which ae- crued as the result of taking cer- tain asacts abroad at their sterling figure instead of their CN dollar book value, and booking freehold land at the approximate sterling value of the CN dollar at the time It was originally purchased.

ANNUAL MEETING

A

the

Another investment in Hongkong had been the acquisition of shores of the langkong Realty and At the Annual General Meeting Trust Co., Ltl. It had acquired a which followed, the Chairman ex-subsidiary. Horelman Realty Co.. Chairman said his plained the delay in presenting the Ltd., and the

was in the process of accounts, which was due mainly to Company

The Oriental the requirements of their auditors in transferring to it respect of operations in the United Mortgage and Finance Co., Ltd., a which they Jind Kingder, Shanghai and Hongkong, public company

formed in Shaniebat'h 1941 the necessity of many references be- tween these three places, and the effect of the Japanese occupation upon their operations.

Up to the first week in December, JDAY. the Comuany's affairs prospered and a substantial interim dividened was paid.

SHARES FOR MARKET

It was intended, he said, to multi a placement of shares of the Hong- kong Realty and Trust Co. LAD. upon the Hongkong market and it was hoped to give special facilities to Wheelock Marden shareholders

them.

to acquire

In Japan their old subsidiary, Summers

& Co., Ltd., had not yet!

10

Their

Thirty-six M-3 tanks are loaded aboard the ss Andrew for the ship sailed Jackson at Houston, Tex., before Shanghai. Houston Customs officials said the tanks, war surplus, originally were to go to Mexico, but when the State Department Export licence came through, it was for China-AP Picture.

FURTHER DISCLOSURES IN BRIBERY PROBE

London, Nov. 29.-The Tribunal enquiring into alleged irregularities in Government departments was told today that the Parliamentary Secretary to the Board of Trade, Mr John Belcher, said to a "The Labour Govern- London company director: ment will not last forever" and when it fell someone might "offer me a directorship.”

Colonel John Douglas George, Chairman of Aldford House, Limited, said he had met Mr Belcher at the flat of Sidney Stanley, an alien and the key witness in the enquiry who occupied a flat in Aldford House, an apartment building in London's fashion- able Park Lane.

wan

Get in touch with me direct and I

time and effort in trying to find out the reasons why the Home Secre- tary had made the detention order against him.

lle brought actions in courts The Home Secretary, on against grounds of false imprisonment but even then the reasons for his de

CONFER IN AUSTRALIA

Sydnoy, Nov. 30. The United Nations Economic Commission for Asia and the Far East met for its fourth session on Mon- day, facing the gigantic task of finding a way out of Asia's maze of postwar problems.

Opening the conference, 'Governor. General William J. McKell of Australia told the delegations of 18 nations that the Commission's job hardly be exceeded in im- Doriance so far as human welfare

concerned,

חנוי!

03

The world is witnessing in Asia national movements as intense those which swept Europe in the last century, Mr McKell said, but the movement in Asia affecis a larger area and many more people. He added that it seems likely the Asia the world know, only 10 years ago, has been left behind and there can be no question of a return to prewar conditions.

IMPORTANT ROLE

"Establishment of this Commission is itself a recognition of the new and much more important part which Asia and the Far East is playing in the economic and political affairs of the world," Mr McKell said.

The Governor-General told the Commission Australla

the regards Industrial development of Asia and the Far East as the most important long-term problem. This, he said, would be one answer to over-popula- tion, because it would open up pro- ductive fields of employment.

Australla, he sald, realises great economie possibilities of vast area and looks forward to economic development and reising living standards in the countries concerned.

ORGANISING STUDIES

the the

Full members of the Commission are Australia, Durma, China, France, India, the Netherlands, New Zea-

the Philippines,

land,

Pakistan, Slam. Nussip, Britain and the United States. Other delegnies orc here from Laos, Cambodia, Ceylon, Hangkong and British Malaya and Singapore.

QUEEN'S & ALHAMBRA

SHOWING TO-DAY AT 2.30,,5.15, 7.5 & 9.15 P.M.

MARRIED

leving

WITCH

Fredric MARCH-Veronica LAKE

L

RELATED THEY UNITED ARTISTS

ADDED at the QUEEN'S

SPECIAL NEWS OF THE DAY Story of the week WILL DE GAULLE STOP THE REDS?

ALSO LATEST POPULAR SCIENCE IN TECHNICOLORI

CENTRAL

270, QUEEN'S RD. CENTRAL PHONE 25720. TO-DAY AT 2.30, 7.15 & 9.15 P.M.

LOWE'S FOLLIES

Borneo, A GRAND VARIETY STAGE SHOW

EC-

The Commission's executive cretary, Dr P. S. Lokanathun, sald the work of the group so for has

direction been mainly in the organising studies with a view collecting and assembling data, but irst now more concrete results should be produced.

of to

Australia's Minister of Postwar Reconstruction, Mr John J. Dedman. representating Prime Minister de- Chifley, sald the co-ordinn'ed velopment of Asia, particularly in the industrial field, would safeguard against any recurrence of Japanese aggression-Associated Press,

Bible Council

Secretary Dies In Sleep

At the me of the jumpcion of The Seftlement Pt Stanahai, the Company had a peal olur over- draft with their bankers, which had opened, but they had required

Mr Heleher had told him: "The been largely used to once the

the business of the old partnership Government will not last forever and erection of new office buildings on

like which I am very glad to meet

men their large central district property.in Japan of Cornes & Co.,

of 110W Comes & Co., Ltd. you becalise when we go out and In view of the risk under oc-

office same of you might be inclined cupation considered to be attaching Hongkong company. to overdrafts secured by the

of the two to offer me a directorship of com- management equivalent of a full charge on the financially strong concerns---Yangtsze panics in which you are interested. Company's assets, it was decided to Finance Co., Ltd., and Hongkong

"If there is anything you repay it by utilising as far as pos" Realty and Trust Co., Ltd.-would at any time in my department, de

Dr John R. Temple, DD, who was sible the local dollar

group, place them in an excellent position not go through the normal channels. tention were withheld, he said,

Liversidge claimed earlier to be a pussing through the Colony on a other members of their group, pny-

Influence trading in Hongkong

close friend of Mr John Belcher, tour of the Far East on behalf of the ing them at the last official rate of shares on the Shanghal markot, and may be able to help you consider.

Bible Societies exchange and earmarking for their versa, and generally to engage ably."

It is alleged he offered to use his Council of World account a portion of the Company's in arbitrare between_the_two_ports.

Colonel George raid in answer ta

influence in official quarters to gel of which he was head, die in his nsseis abroad.

Arrangements had been made with the Chairman-of-the-Tribunal that

export millions of cement bags to in the early hours of this morning.

He was ly. In answer to Sir Hartley Shaw France and Belgium,

about 02 Further sums of incur currency the Committee of the Hongkong he did not take the remark serious-cence for -firm seeking sleep in the Queen Mary Hospital: oge. He were also required to pay off the Stock Exchange for quotation of

General. he Attorney cross, the

For his services, it was stated, became il

and a week ago about large number of native employees their own shares as well as those of

the Company's

said he thought it was an inpru- sub- the Yangtze Finance Co., Ltd., and

would preposition sidiaries.

Eastern Asia Navigation Co., Ltd., dent remark which was made with he demanded one penny per bag, went into hospital for observation.

Known as a very great administra- tor, the late Dr Temple formerly Sir Hartley: "Did you take it as brought him over £83,000.

served in the South China district. a joke?"

Twenty years ago he became General "No. It rather Colonel George:

Secretary in London of the British and Foreign Bible Society, and

held took the wind out of my sails for a moment and there did not seem

that office up to about a year ago.

The late Dr Templo was then to be any reply to make."

The seconded by the Bible Society to of the become General Secretary

of World Bibic Socleties, Cuuncit which embraced something like 18 bible socielles.

*

of

to the

various

he concluded.

Sampan Men

In Court

Tnited Kingdom of another excess passengers.

&

Co..

serious intent.

He said that Stanley had never suggested that Mr Belcher was very much in his hands although they appeared to be close friends.

In reply to Mr Belcher's counsel. he said he was prepared to accept that if Mr Belcher used the words they were used in the ordinary way of being humorous to a acquaintance.

business

which

WITNESS COLLAPSES

have

Today, Liverridge denied he had asked for a penny a bag or that he had ever approached Mr Eelcher on the matter.

A new witness, Mr William Graham Palmer, an executive officer of the Board of Trade. suid Liversidge asked the department to find him paper cement bags for export and mentioned that he was a friend of Mr Belcher.

years of

INCLUDING

MAGIC! DANCING! SINGING!

SHOWING

TO-DAY

ADMISSIONS:-

$4.70, $3.50, $2.40 & $1.20

Cathay

ווי

AT 2.30, 5.20,

7.30 9.30 P.M.

GORGEOUS! GLAMOROUS! CRAND! THE SILVER SKATES GIRL BRINGS A NEW THRILL TO THE SCREEN IN THIS JOYFUL MUSICAL ROMANCE OF A DANCING DARLING WHO COULDN'T MAKE · HER 'HEART. BEHAVE BELITA JAMES ELISON * FRICK & FRACK in

“LADY, LET'S DANCE

D

with WALTER CATLETT and 4 FAMOUS ORCHESTRAS

NEXT CHANCE FIRST TIME SHOWING IN HONGKONG All-Now Thrills In The Strangest Battle Evor Filmed! "'FRANKENSTEIN meets the WOLF MAN" He is survived by his wife, who Starring Patric Knowles * Bela Lugosi * Ilona Massey Lon Chaney

LOYAL CHINESE STAFF The Chairman paid tribute to the loyalty of the Chinese staff, as a result of which none of the Com- pany's clients had suffered any loss, apart from a very skilful case of robbery by forcible entry into one of the Company's godowns, and apart from cases of legal requisi- tloning by the occupying authorities.

The master and acting master of The Chairman explained the

two passenger sampons appeared be- change of name of the Company. fore Mr Cairns at the Marine Court Owing

is in London, and two sons, one of in existence

the this morning on two charges: landing

whom passengers at Sal Wan, which is not

is a doctor with the Methodist Witness said he had never invited named "Wheelock

mission in Rhodesia and the other a port of the Colony, and carrying

Liversidge to apply for a licence and they were forced to adopt

is in

In Cambridge University reading

for had not given his application any

the that SI Nippard repo

BOX OF CIGARS both

theology in preparation preferential treatment. Kingdom,

pard reported United gistered in the

Methodist ministry. Wheeler vessels were seen

by SI

Mr Cyril Joshua Ross, chairman The funeral service will take place Stanley, he said, had never suc- He added that, as the name ind

landing passengers at Sai Wan, and gested he might be able to influence and managing dires

director of a frm

in the Chapel of the Colonial Ceme- become so well known. both London and this Colony, it was con-wear cost to his. Af the me lovernment action by payments or of furriers, collapsed in the witness

tery at 4.45 p.m. tomorrow. Arrange- in the sidered inadvisable to revert to the escaped over the hills. At the time other considerations to Governrichitox and had to rest before

both defendants stated that they members,

or oficials.

E. Sandbach. tauing his evidence about Bnancial ments for the service are

hands of the. Rev Colonel George said Stanley Rave transaction involving Stanley.

of the English Methodist During the war, and whilst they had brought the persons from San Mei, in Chinese territory, but after

n director of the Bank of England,

Tam Tribunal adjourned

with Minister

Church, Wanchai. were

questions by an officer of the

Mr George Gibson, a box of cigars

tomorrow.-Reuter. shipping transactions took place 'and

lold witness: they acquired a shipbuilding and taken the

motoru

give "You cannot

In man in Mr from repair yard at Southampton, which bont

come

Gibson's position a gift of money or of their Rub now formed one

Mel) San

rowed

them

a participation in a financial deal. sidiaries.

the above at

SI Wan.

but it is possible to give a gift such as a box of cigara or a fur coat for a¦ pman's wife."

present title when they were re-

old one.

in

registered in the U.K., certain Branch, said they had merely in his fat and later

(whgers of a

had

and

Sal

Certain investments were mude Nippard therefore requested per- In the UK. and a substantial por-mon

mission to amend the charge

Pilfered

con-

tion of them remained in their post-aiding and abetting." but Mr Cairns Witness said Stanley was trying Timepieces To

follos.

from

1946

his

reported

had

the

Be Returned

onco

The

BUS ROUTE RESTORED

Prison For Leper

|

FIRE DISTURBS OPIUM SMOKERS

Yesterday's fre undoubtedly disturbed the business of an oplum divan on the old site of Queen's On patrol in the fire do- College. vastated

arch yesterday, Sub- Inspector Thompson noticed a smell

open a

of oplum coming from one of the He kicked few remaining huts.

a door and found that some people harl escaped through the back door.

They had left behind, three pipes, Ove oplum pipe heads and three mace of oplum which Inspector Thompson seized.

The Berlin Dispute

(Continued: from Paxe 1)

FOG BLANKETS

EUROPE

(Continued from Tage 1) British European Airways had to cancel 17. planes flights. Hurn Airport, Hampshire, became fog- bound soon after noon. Four in- coming plants were re-directed→→ three back to French airports and one to Prestwick, Scotland.

Fog thickened over the Scheldt Estuary during the day. andi paralysed vessels at Antwerp. The only Dutch transport. running normally was the Heal: of Holland to Harwich steamship line, which was operated by radar

The tort caused roads in Holland to

after

three days of hurd frost, Country-wide dislocation of frame was reported.--Reuler.

Opium Concealed

In Books

China Motor Bus Company pointed out that as the principals to make it clear that he would not ENERGETIC REHABILITATION had not been charged, this was not prejudice a friend in a high position

are restoring the prewar A route

The seizure was the subject of an from Aberdeen to Stanley Village to- He found that defendants by making a gift which might cause The Company were fortunate, the possible.

granted Central morrow. The service will be hourly, application for confiscation Stud had no case to answer.

this by Mr. d'Almada at criticism. Chairman went on, that the did not suffer unduly from intern-

leaving Aberdeen from 8 am until Robert William Liversidge. Regarding the carrying of excess

0 p.m. and from Stanley Village from morning when the circumstances of become almost unusable to traffic, SI Nippard passengers, energetically

The full its finding were disclosed.. ment, and were able

thus avoided At Central this morning Mr.30 a.m. until 6.30 p.m. tc take on the task of rehabilitating that first defendant had landed man who admitted he

faced d'Almada granted an application by fare for the route will be 50 cents a fraud charge, nrrest on their business in Shanghal. In this persons, and as he was only licensedett the country and

assisted by the to they were greatly

to carry six persons including crew more questions about his past ear-Inspector Cashman for the return to but it will be 30 cents from Aber-

of nineiler in the enquiry today.

consignees of 880 wrist watches and deen to Repulse Bay and from Stan- loyal nucleus of their Chinese Staff of ons, he had an excess

Answering his

counsel, 243, alarm clocks which were pll- awn who functioned as best they could per

uld persons on board. Second defendant thehad landed 21 persons, was llcensed Livorsidge znid the incident which fered from parcel mail on the Androley Village to Repulse Bay.

Hongkong. during the occupation. When

to Shanghai in to carry seven persons Including was followed by his leaving Eny- Lebon en route to Chairman returned

According to Inspector Cashman the Spring of

land happened 21 years ago whom rc-crew of one, and therefore had rn

the watches and clock plus $180 (In August excess of 15 persons.

he was only 23 years old,

peris drawn from the six "neutral" patriation to England

Council. When he left, he did not know which were the proceeds of 10 clocks Each defendant was ined $40 p

members of the Security. much of the Company'

had eight daye on this charge. properly

that may

warrant had bren issued were handed over to the Police on and

Cheung This commilite would be charged. Certifled to be a leper, October 10 Charlie Chan

by

of the

for six with

with British. co-operating for his arrest.

Grand Magazine Central Suppliers, Lap was sent to prison WAR-TIME DETENTION

Britain, 37, Lee Yuen Street West. The pro-months by Mr d'Almada at Central United States, Soviet and French work out n pystem of Since his return to Liversidge azid he had done nothing perty was sent per the Andre Lebon this morning when Inspector Moran experts to

by parcel mail,

certain bags of which stated that Cheung would be ne currency reform for Berlin,

but not which he knew or believed to be un-

2. The "neutral" committee will the Chairman said it was occupied Athena, Nov. 29-Aged Greek awful. The Attorney General had were pilfered en route. The wrist cepted at Stanley Prison,

Themistocles the hostilities throughout

RO Redman said Li disembarked by Premier

Sopboulis surgested he had been living on the watches were consigted to the Wah in a remand prison.

Cheung was convicted of keeping be expected to finish its technical' law, but Lee Firm, 23, Ice House Street and

from the Halyang at Douglas Wharf Japanese official organisations, and given un by his doctors as a hope fringe of the criminal

the alarm the Company were consequently able less case two days ago, sat up at actually he had never been brought Bank, Hongkong. Chan handed the Des Voeux Road West on November

clocks to the Belgian an opium divan on the roof of 44, work by the end of the year,

3. The parallel plane-lifting yesterday. The oplum was in two to obtain possession of it after the edge of his bed on Monday and before any court on any charge.

Four smokers arrested were the blockado by stages. and introdué | tins cleverly placed in two books:

pro- Liversidge agreed that he had goods over to the Police as soon as 22. period during which it had been ate a hearty breakfast. A doctor's

which had been cut out and then quantity monted to the Security Council.carty concealed antong a number of other fested at low rental to the United bulletin said the 8-year-old states-been detained during the war. for he found out they were stolen goads. previously dealt with and six pipes.ing currency reforms-to be

IB ·months. After his Mr d'Aladin also ordered the sale three, lamps and a small

in January.---Reuter

books. States Authorities, Much of the man's general condition Is "very just over

release, he had spont a good deal of proceeds of $180 to the Belgian Bank. of opium sized were confiscated. SpacesWAS DOW, superfluous, and the good.Associated Press.

1042)

equipment

recovered. They had not yet

recovered

been all their property, despite representation of their nations!.

the

authorities.

Regarding the new office building.

Fine Improvement

Seventy-two taels of raw opium concealed in books were confiscated by Mr d'Almada at Ceartal this morning and the carrier, a student, Li Chung-wo,¡21; was sentenced to six months.

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