1949-03-04 — Page 5

THE. HONGKONG. TELEGRAPH, FRIDAY, MARCH 4, 1949.

RESUMED QUEEN'S & ALHAMBRA

$32 Million Profit Revealed PWD TRIAL By Green Island

Cement Company

A profit of $3,582,995.80 was revealed at the annual meeting of the Green Island Cement Company Lid, held at Exchange Building this morning, with Mr WA. Stewart (Chairman of the Board of Directors) presiding.

+

Mr Stewart also announced a special allocation to the Staff pro- vident fund, and an allocation of $100,000 to a Chinese Remuneration Fund from which it was intended to recognise long and valued service by Chinese employees of the Company when they left.

Mr Stewart announced with regret the retirement of Mr Robert Company for Taylor, Manager and Secretary, who has been with the

33 yeart.

raw

The Chairman said:

fur

At the last Dedinary Yearly Meeting held on March, 24 1940, Shareholders were informed that in the absence of unforeseen ad- verse developments a successful year's operations might be ex- pected. That this expectation has been fulfilled is shown in the Accounts now under review.

The net profit of the year is $3,502,995.00. To this has to be added the credit balance of the

84, which your Directors recom- mend to be dealt with as fui-

Ipws:-

Pay a Final Dividend of. $2 per Whair, free of Lax, on 20,012 shares Pay a Capitai Bonus of $1

lenre

17 290,04Z

з Suures

Transfer to General Re

BeTVN Transfer to Haberve for Renewals and Replaces MERIA

Transfer is Insurance Res

12Tve

use Sup annuation Fund Rise yo Grant to Sud Provident

Yund

Grant to Chine

Pay a Bonus to Staf

.......

Carry forward to Account

for the year 1949

NET PROFIT

$5.004

150,0X

4.275 31

$231,817 84

titan

ניות

After

position

10

R

careful

consideration

2

of

SECONDER'S SPEECH Seconding the adoption of the report and accounts, Mr N. V. A. Croucher said:

མ་

+

&

SIDE GLANCES By Galbraith CLERK EXAMINED To-day~2 PARTS Showing ALTERNATELY,

Gillette

1-1

COPR, 199 BY NEA SERTICE, INC. T. M. REC. U. PAT, OFF,

"Why buy anything as good as that? All our friends aro paying too much for things and it wouldn't impress them!"

fidence.

war

RE-ELECTIONS

URANIUM RUSH IN CANADA

of

HIC

Sault Ste Marie, Ontario, Mar. 3-The number uranium clims in Mississaug! road region, north of Thesslon, today swelled to 2,300 as the ruth for the mineral grew as a result of last autumn's strike

American plines reported crossing the bor- der on the average of fire dally with prospectors it quest of mineral

Assays

pitchblende of samples were reported to be good, but the exact percentage

not known. Unlied Press.

Was

were

BY DEFENCE

Defence cross-examination:

Part Part

1 at 2.30 & 7.15 II at 5.00 & 9.30

of Lau Chung-wing, clerk. "Naver in our lifetime have oyos beheld its equal"

employed at the PWD work-

shop at Hunghom, began THE GREATEST: OF¬THE GREAT!

before Mr Justice Williams at the Criminal Sessions this morning when the PWD Larceny trial was resumed.

Kwok Kwong, 47, fore- man, and Arthur Frederick May, aged 41, electrical in- spector, grade I, face three charges of theft by public servant and falsification of accounts with intent to de- fraud the Government.

Kwok is not legally repre- sented. Mr A. J. Clifford, in- structed by Mr J. C. Stewart, is, defending May Mr A. Hooton, Crown Counsel; assisted by Mr J. J. Johnston, is proseculing.

10 Mr Clifford, Lau

Ceplying that May had i

told the members of the office staff that they should get to know each other's workt.

Mr

tany

Clifford: Did you make to get to know attempt other offee duties?

Witness: Other members at

the office stall did not teach me how to do their work..

And you did not try to find out?--I had enough work of my own to keep me engaged all day so I had no time to make any attempt to learn the work of others

Mr Clifford then produced

A MEMO-COLDWYNMAYER MASTERPIECE RELEASE

DAVID O. SEIZHICK'S proven ef MARGARET MITCHELL'S they of the Old South

TECHNICOLOR

"GONE WITH THE WIND"

Married

CLARK GABLE - VIVIEN LEIGH

HOWARD. de HAVILLAND

EVERYBODY..

*WANTS TO SER

GONE

HAVILLAND WITH

THE WINDI

TECHNICOLOR

QUEEN'S:-SUNDAY MORNING AT 11,30 A.M.

what was described as a daily Part 1 Only-"GONE WITH THE WIND”

distribution labour job report with Instructions as to the mak- ing up of the sheets.

Mr Clifford: And. is it not instructions are true that the perfectly clear that the sheets should be made up for the day before.

His Lordship. Interposing, said that defence counsel should have had coples made of the docu- ments for Crown Counsel, the Jury and himself,

Mr Cliffard: I have had the greatest difficulty in getting hold at this document. I nsker Mr Johnston to produce every do cument in his possession so that them out. Mr pick 1 might. Johaston told me specificnity that

document in he had put every my office but when I came to not look this document was

there.

Mr Hooton: 1 was given notice (. of the production of that docu- ment yesterday morning and I produced it in the afternoor..

KWOK'S ASSISTANT

was

lateness anci

the

SHOWING

TO-DAY

At 2:30, 5.20,

Cathay 7.30 & 9.30

THE MERRY MUSICAL MIRACLE!

AUCE FAYE

MIRANDA

CARMEN

PHIL

*

BENNY

*

Sunday

BAKER GOODMAN

SHOWING

TO-DAY

and HIS ORCHESTRA

The Gangs All Here

P.M.

Yvonne "SLAVE GIRL" In Techni-

MAJESTIC

YUNG HWA PRESENTS

color

AT 2.30, 5.20, 7.20 & 9.20 P.M.

"OUR HUSBAND"

Speaking of current pros- in relatiob to the total net pro-Chinese employees of the Comi pects, Mr Stewart said that į fit, but is governed by the future pany when they leave us. Your commitments of the Company Bourd feel that the existing pro- staff have the world demand

Jo which I have just refeired, yisions for reliring cement remained high and rae fact that the proposed final, been inadequate and that sul- together with the rient funds should be laid aside decreases in the cost of the dividend,

Interim dividend afterdy paid, for an employee throughout his materials

15 well $1,160,00

years of work to ensure itim an Company's now made it possible to cur- within the net profit on sales of adequate ani predetermined sum

The sider lowering their selling cement alone of $1,030,553.77 at the end of his service.

present proposed allocations are price, which would enable worthy of note.

first step in this direction. them to maintain their share your Board has decided to re-

Our devoted Manager and Value the freeholdt Jarul at Hok Secretary, Mr It. Tayolr, is leav- of the market.

tin at a figure of $5 per squaring us this month after 33 years

and to use the resulting foot capital surplus of $3,410,004,70, with the Company. Mr Taylor in conjunction with a transfer of nined our service in December. $340.232.78 from general reserve, 1015, and has since then had the to write off war losses totalling unique record of holding every $4,750,817.57. The method em-ce in the Company open to loyed is shown clearly in the him and it is in large incnsure Becounts,

The valuation of $5 due to his untiring efforts that

today in our

present gratifying to shareholders. The stil! very we are square foot is murts below Lae market price strong position. I am sure you Balance Sheet is impressively for freehold land comparable to will all join with me in wishing strong and, with free reserves ors and the Balance Sheet now him many happy years of well exceeding the Issue capital and

His place with

eliminate... lesses reflects inore arenrately the earned retirement.

Head Office is being taken by Mshould enable the Company Pruit & Loss Appropriation Ac-amount of rent capital employed S. C. Neri while Mr J. J. face the future with every con- count at December, 31 1947, of in hur business, while being J. $108.232.04 which, after deduc-strengthened by the elimination Comeron, who has been with us tion of $1,450.210.00 representing of War Losses. General reserve for close on a quarter of a cen

dtifies

-For this satisfactory state of assumes the al Bonus

is increased by $300,000 to $3.- tury. of $3.00 per A Capital

with the raw Works Superintendent at Rok affairs the greatest credit is due to the Directors, to the Manager share and an Interins Divided 750,000 which,

materials reserve of $500,000 re Un Work nf $2.60 per Share paid

and Secretary and to all his staff, August, 1918, leaves a balance presents early one and a half You will wish me to say for appropriation of $2.331,017. Uimes our Issued capital. The few words on current prospects, and i am sure that i am speak- of the Company has imported cements, and particing for the whole body of Share- been further strengthened by Jurly Japanese, are now coming holders in voicing our approval Increasing of the allocations made to the placing $150,000 to Heserve for

Into the Colony in Renewals and placements to quantities and we must expect Staff Provident Fund and the

severer Cluese Superannuation Fund. meet the heavy Increase in re-

to and progressively VONEN

original

It However, pincerent

competition.

deep regret tests and by bringing the Insur world demand for cement" re- It is with very ance Reserve up to $100,000.00. mains high and decreases in the that I have learned of the in- 200,042

of Mr R. Depreciation Reserve has been

departure tist of our raw materials now | ponding 149.732 70 applied in writing down the A- make it possible to consider Taylor, who has served us so

sets against which it was created

lowering our selling price, which long and so faithfully in good have followed the should enable us to maintain our times and in bad. Mr Taylor's, WT

unfailing

To the 0- attention 31,140 g method of presentation laid down share of the market.

Com- in the United Kingdom

terests of the Company is un- doubtedly

responsible panies Act of 1947, so as to show

arion

in which shareholders in detail how the

for the strong

Mr Clifford then read certain Extra Show de Carlo in I think all It finds itself today. balance sheet values are arrived

peragraphs from the instructions lat. You will be pleased to know

ve listened with interest | have

areholders will wish to join

Present at the meeting were to witness concerning transfers, tine's 204,501.30 that rehabilitation of our build and pleasure to the Report just me with the Chairman in wisa-

gs is completed and they are presentd, to us and realise howing him many happy years of Mr. W. A. Stewart (Chairman), sickness,

jub Sir Robert Ho Tung. Mr F. C. which had to be entered on the all now in a sound state of re-far along the road the Company trouble-fre retirement.

Barry. Mr D. C. Davis, Mr daily distribution tabour

Witness sald has progressed since I was last

rheets by foremen. Horace Kadoorie (representing These propeed appropriations (pair,,

of Ho duty embortiert in the STAFF WORK HARD called upon to second the adop-

Tr I. Kadoorie) and Mr Nor-that have bee:82

Sung who was assistant to The Staff, both at Head Officetion of the Report and Accounta Accounts and now require your

On, the proposal of Major man F. C. LI (representing Mr and at the Factory, have worked at air first post-war Ordinary ranflemation.

Mr Clifford: hard throughhut the

Did he know Yearly year to

Meeting of the end of C. W. L. Way. seconded by Mr Ll Tse-tung) (Directors) Mr R. Kwok Kwong at that time.

W. A. Taylor (Manager and Scere- An analysis of the Pro & achieve the results new disclosed: 1946. In that year the net pro-Lo Yuk-tong. Messrs

reveals that the and you will be asked to ap-it was just under $4.000 while Stewart ami Lawrence Kadoorie tary), Mr J.,S. C. Neel, and the what was going to happen in the

afternoon in the morning? Major were re-elected to the Baard of following shareholders: Loss Acentin

not know. But only two years later it is not

Witness: He did. of $3.582,995.80 is prove not „naly' a "kumus, net profit

much below $4,000,000

Messrs Peat, C. W. Way, Messrs N. V. A. and Directors, while

B. bu

When I prepared the daily dis-

Job Marwick. Mitchell and Co. and Croucher, B M. Bradbury, made up as follows: (1) From a special allocation of $97,854.28

I made reports aarste part of this

tribution Furi akhotigh the Staff Provident

Bingham gadi Wong Tape. 11. Rt. D. Sequeira, them out from the daily report the sale of Cement $1,630,554.77; to

-allocution of. S100,000 total_derives from a non-recur- Messrs Lowe (2) From the sale of Land St

were re-appointed A: G. Melse, Le Yuk-tong, Fung book, and besides that book Chinese Superamma- ring profit-upon the sale of land, Matthews, 932.441.03.

Flore! 1TLY whikti it nevertheless the trading proẞt

auki tors on the proposal of Mr Ki-cheuk, Ho Kai-hum, C. c. book. interlerd + reengrise revisds

excellent

B. Wong Tape, seconded by Mr Blake, Lee Shu-chung and Lnu there was the time and wages sheet which gave proper inform- by working

Shiu-chuen, al valued service

and is particularly | H. R. Sequiera.

ation of what actually happened everyday. For instance, it workman was transferred from one job to another during the or afternoon this would morning he recorded In the time and wages sheet.

Did you record it? Yes. Allemtion that the acesind entered the hut and were ful

"On leaving Woosung Street, went up to the accused,

Witness replied further that Cubitt

when

were made reports immediately by the three accused turned down will be evidence in the Profit & Loss Account, took part in the rape of a Chin- Inwrd almost

Bigtrinės and the civilian. Austin Road in the direction of then irantediately attacked Mr workmen they would be entered overdraft interest is this year woman at afterwards com-

on the lime and wages sheet the hegligible at $11.52, reflect mitery with vadence in "According to the evidence of the Neal Dockyard, and after ingess the bingest of the

day after. It had never been the satisfactory cash postion of a fellow mufor were made by the women, McGuinness and the gong a short distance, and at three, whom he apparently r

the Crown

before the Chief civilian hid

reported to him where 'work- the all right in Was the Company compared with the

they original assault on him. took Street and Austin Romi, sure Justire, Sir Lesire Cibson, at the after which the Anversation, the intersection of "Shanghai garded as the ring-leader of the day

There was a general mix-up

sick the previens year. you will approve the donationsCriminal Sessions this momjon two US$1 notes "Trom his pocketnet a Balropean naval rating when Cubiff attacked MrGuin-morning and became made to various organisations in when three British raval ratings, and passed them to Lee Wa-from another ship in givilian

soldiers saw that the afternoon. Overtime would; Joseph Meltainness, 24 Vincent

king, who understood that the clothes. During this time, the ess

was gelt that the the Colony.

wanted her to pass accused were

were followed by the

His Lordship then questioned Turning to the Halance Sheet Judge. 25 and William Jam American

stepped in to.

Mr sheet. instructions the eurrent McCowny, 29, all Able-Seamet them on to Lee

intervene. During this, Cubit you will observe that

"She handed the money to her CRSKIW, Coalies, who saw their the fight and the worse of appear in the daily report book. Clifford replying that it would un HMS Encure, appeared of

meeting with the civilian assets are reater than current

be accepted in the Army. liabilities by about $9,000,000 trial on a counts.

companion,

This rating,

bit, will say inadvertently struck one of the approach soldiers, who struck him back.

His Lordship. We are

with concerned

what is accepted! maintaining the high measure of

quidity shown in the last an-, - they were charged on three after she had done so, it is al- that the

counts of

rape and brit; aidera leged that McGuinness snatched e him, stopped him aut asked and Cubitt fell to the ground.

my, thank goodness; Eventually the soldiers got him

thin the nual accounts. You will, how-

of $20 with violence robbery ever, also note that we have a and abettors to the same offence the money from Lee Yeok-ugy, it he had any money.

to a hist and pher that he did not have any this feet again, put him in the jury have enough to think

They are to them that he, rickshaw and saw him go off. about. liability for the purchase of new robi

"On arriving at

at the "Afterwards, It is alleged that was also a sailor like themselves,

Star called instructions on that sheet. for his Mr Clifford flo machinery and buildings to the from Leading Telegraphist Lessed her on

witness): approximate extent of £100,000: le George Cubitt, 27, of HR minilited the allegid offence, and indicated!

be called out to his two com- except that he was in civillan Ferry, Cubitt looked

rickyhaw "He will say that the money to pay, the pastons, who had remained out clother,

Witness: Yes, sailors enter the ther two accused then attacked him and coolie, but found that $30 was Are these instructions?

And you read them as such?→→ On their ar severely beat him. One of them missing from his clothing. By

be All three accused pleaded not rival the evidener will

Yes. used brick to strike bim, and, th's time he was the worse for and passing contable

you knew that these the guilty to all counts. They are that McGuinness actually held inflicted an injury to his fore-Wear

took him and the rickshaw

ordering represented

by Mr Về L. *- Lee Youk-ngo in such a way as head.

coolie to

Tsimshatsui Police were rules May was SOLDIERS' HELP

Station. machinery is mow in D'Alton, Instructed by Mesa to enable Jurige and McConway

At this point, Cubill you to follow? Yes, the whole! ccarinii similar to

staff should follow the rules but "Cubitt defended himself actually reported to of delivery. We have tastings and Co. while

conducted

he hind us for my part I was only con- also been faced with the neces-prosecution is being

M. Heshan, Crówni Anerware,he 1:lmgolf repeated the best of his ability, but was

Spector-on-Duty that aftente

nally knocket down. He man-

(Studio); 0.70, Concert by the Pupils been assaulted and robbed by cerned with typing out the daily

labour distribution and job re- & Shanghai Banking Corpora- turies. Written by Ruth Kirby

Girls' sity of ordering a second kiln to y

Diecezan

Echool three place the one removed during Counsel, assisted by Det. Stab "All three accused then left aged to escape and joined the

tion are reminded that the ans The Police taking will them pieces of wood rickshaw.coolies. At that stake evidence will be

of tho (Studio): 0.33, Cantonese by Radio, time-nunt general meeting that Cubitt Port. the occupation by the Japanese. Inspector W. II. Summers.,

Did you have any The Jury comprises six men, which they had appareatly torn tich

he dazed

Bank will be held to-morrow riven by Miss Lee Wal-in and B, and keeping duties?—No:

K. Lee (Studio): 0.50, Billy Mayet Our present, kila has now been

and one woman

from the wall of the hut. The he noticed that one of his trou- evid

effects of Mr Clifford then produced a Saturday) at 11.30 am, at the and is Plana. World News and for more, than

Mr Heenan said the three at- American civilian pematted be ser pockets had been torn and appeared to

which witness Head Office of the Corporation. News Analysis (Tendon Relay: 2.13. expectation of its work-

Sporta Preview (Stadlo): 7 "Variety Band Dox" from the Gol eased were ratings attached to hind, but a short while inter Mc- turned inside out, and that $20 suffering from the

admitted he had signed.

+ ders Green 2ppodrome, London GAOL STRIKE MS Encore, naval tug nuc-Guinness returned artsi handed was missing. It is the Crown's blows, and it also appeared that itzty

case that during the struggle the he had been drinking alco.

rother!

Is Lordship: It is dated a plece of wood.

"During the early hours of the

(UBCTS); "From Editorials": mally stationed at the Kowloon him

Dockyard Naval

Modena, Mar. 3.-Thirty-five London Relay): 8.10, The Man morning, the three accused were July 22. Gulness again left to rejoin his money was taken by one or o

L. a very Mr Clifford That is At about midnight on January companions.

"Having joined the rickshaw arrested. Their kits were sub-

prisoners in Modena's Santa som to be run by Dorothy

a hunger Sayers (DBCTS) 11th Play:

DE SOITOWS"; 0.03, De Groot and Is three 3. the The cost of this kila and its

accused left the

CIVILIAN NOT TRACED coolies, Culit eventually get senuently searched and the only signicant date.

His Lordship: Mr Clifford, Eugenia Gaol began

neninst Orchestra; D.15, flere comes the ancillary machinery when de Red Lion Bar in the company

I might mention here that into one with the intention of thing found in their possession

Valerio Copper" by Henry Wade, fiend by panel which wish you would stop making strike today to protest of a civilian believed to be an

Clifford Daview 18todio): 0.35. A livered and assembled upon site

Short Programme of the Muate of Prince Borghese Wis fread Deus; 10, Radio Newsreel (London

years Iafter three

in prison, Relays: 10.15. Double Dill (London shaws to a malshed behel on authorities in an endeavour to his way, in Navy Street, they Cubitt hd

bombed alte in Woosung trace this American civilian, but overlook the thres accused, and ing the course of his assault on been doing it all along. I made Borghese.

Relay presenting-Gladys Young its Junction Street, near

with all efforts proved unavalling and it is alleged that the accused McGuinness. It was found in no remark on that date. I did it is thought that he left the threw stones at Cubit and the the possession of McGuinness not may It was significant.

for collaboration with the Ger- Ghost Story by A. G. Brooks, adapt they passed. The who claimed he had picked it wish you would stop it, Mr when the rest of his sentence pair as hard any oid Mado Austin Road.

short story by "", Cubitt containing "The evidence will show that Colony on a ship the next day. rickshaw as

"k" adapted for Radio by John by bombing during the, occupn-

The pencil

Replying further to defence mans was remitted last Monday.ed fram

· Goldsmith, from a shoillary by "It seems the rickshaw coolles med to get past the accused up from the ground after his Clifford. tion we have begun the constructhe first accused asked the rick-

witners said that-Reuter.

W. Somerset Maugham: 11:10, In- tion at our ilok Un Works of shaw coolles to take then to who had brought the men

use and Cubitt then alghted two ght with Cub'tt.

they made out the duty

forlue. "Kings of The Waltz"-Lon- remained because works offices and laboratory, what they described as women,"

don Philharmonic Orchestra; · 11,19, rickshaws from the opposite properly,"

Crown Counsel went on to ex- lists they did

Weather Report and Cluse Down. which will be mix fints to Crown Counsel continued, "The they had not been a house British soldiers apprenching in was identified by Chibit as his house the Members of our staff arrival of the party the tourney from the Red Lion

Brothel

Jay. doing every "Deing somewhat disconcerted plain to the Jury the law with formation to Moy or to what

3-Aircraft day for Kiel with a Greek crow. with the Two of them will, be called to direction.

Mnr. London, would ben then May a and appeared by what had happened to him regard to rape, and added that they were

The ship was last seen 140 this building is estimated at arrival of two Chinese women, give evitenco

their duties agreed were to-day searching for the Lee Wai-king and Lee Yeuk- that they were able to see cer- Cublit stopped his rickshaw and the fact that a woman was

their prostitute provided no excuse for whether $500,000.00.

G00-ton Greek ship Innnls, miss-kilometres off the east coast of botnin events which occurred in asked the soldiers for

with the various instructions." recommended, ngo, both of them, it will The dividend

The trial in proceeding. ing after leaving full last Fri- England. Reuter. practising the matshed by looking in nasistance. The soldiers agreed such an act.

The trial is proceeding." taken together with the recom- ataled, were then

to help and together with Cubitt mended capital bonus, is small i prostitution. These two women through the door,

the sales oftion The proth from

from derives

the ad- ts land vantageous disposa during the Junst year of 130,363 quare feet of land no longer required for the Company's operations. Sales of i cement have been maintained at the level of our maximum pro- duction throughout

den and outranstur

the earlier months.

the year. supply in

fam

Naval Ratings On Serious Charges

Tamir, assault occasioning h

13

and $500,000 respectively, or

Of this harm to Cubitt, and larceny of total of $2,100,000.

lighter and a cigarette amount $400,000 represents the $30,

of machinery ordered propelling pencil from Cubist. bulance

For the beration after essential rehabilitation of factory.

Course

the

the

ing life and a major breakdown would suspend production for an indefinite Ume.

RECONSTRUCTION

Mr

the

the

cam

I

Yeuk-nro.

immediately a2<!

offences;

Mc-

of the three accused.

He re-

Cubilt

The

tallers.

There

the In-

list

DO!

that of

not

even

0

✔

LI LEHWA

SEN CHING-LU

YEN HWA

DIALOGUE IN MANDARIN

Next Change at the KING'S

#LOCATED ENDAH PICTUES CORPORATION MESENTE A MORİZ KLASIMPLEUS PRONAGEKON

JEAN KENT ROLAND YOUNG KATHLEEN HARRISON DEREK FARR HAZEL COURT RONALD HOWARD

Bond Street

PAULA VALENSKA

AN INTERNATIONAL RELEASE

Hongkong Bank Radio Hongkong

Meeting

1.K.T.

0.01. Summary; d. Programming Children's Half Hour: History of Shareholders of the Hongkong European Musle through Four Cen-

(which we expect wilk bó clarifil | American. They all look ricktenquiries had been made by the going to the Star Ferry. While was ʼn prop dentally lost dur-lasides to the jury. You have the release

the latter part of 1950) will be

in the agion of $1,200,000. In

R

addition, repince our old block

of offices and quarter destroyed

new

over

The balance payable to complete

coincided

at

Bor.

rickshaw.

60 to give in-

of Prince

Air Search For Ship

Page 5Page 6