1949-04-14 — Page 5

THE HONGKONG TELEGRAPH, THURSDAY, APRIL 14, 1949.

SIDE GLANCES By Galbraith

China Entertainment

Co's Profit

Shanghai

Of $476,000 Businessmen

Watch

:

ANNUAL MEETING And Wait

A profit on the year's working of $476,- 947.05 was reported at the 15th annual general meeting of the China Entertainment and Land Investment Co., Ltd., held at King's Theatro building, fifth floor, this morning with Sir Shou- son Chow, Chairman of the Board of Directors, presiding.

You will observe pront

RE-ELECTIONS

Shrozbal Apr. 13-Foreign frade in Nailonail; China has probably sunk to the lowest level in the past quarter of a century as a result of runway Inflation and the uncertain political situation,

Omelal export statistics for the week ending April 2 showed that shipments of

only China produce totalled

Including com- US$1,281,350

untier mo:litis

Government or at amounting to US$216,364.

Sir Shouton said that the, the amount represented by 19 theatre had booked many select percent of the capital would be

from English and doubled and this would ed pictures American companies

he the proportions of profits In-

Was

confident that the result tended to be given to the various

Tida figure was described as the coming

would persons entitled thereto as ori- for

year

In view ni

the "lowest record this year" equal, if not better that of last ginally intended,

this your Directors consider that and covered exports of bristles, year.

a fixed maxinum amount should wood, furs and skins, vege He said:

table oils, ten, straw hats, hog the be substituted for the percent.

feathers, woollen m the existing casings. provided under age for the period

silk yarns, fresh and preserved review after providlag for de-Article.

cuts, cotton manufactures, wool preciation amounts to $176,047.03

and woolen products and slik the to which has to be aided

manufactures. Bum of 537181.80 brought for-

Messrs Choy

For the first quarter of this Wal-hing and i word from Just year and $10,-

from re- year exports

Shangbal 614.23 unused Lalance of the George Yan Kit-sun were sums set aside for Corporation elected Directors while Messrs totalled US$31,876,720, including Profits Tax, making the total Perey Smith & Co. were re-commodities under Government

elected auditors.

control or nid totalling US$15,- Junount standing at the credit af

635,442. Profit and Loss account of $530,-

Present at the meeting were:

Imports turbry the sanie 043.08 which your Directors - Sir Shouson Chow (Chairman), period were virtually limited to commend to be dealt with, ani De S. W. Ts'e, Messrs

Ling ECA shipments of cotton, flour outlined in the Balance Sheel.

Chi-Imy, Choy Wai-hung. Chan and rice. Taking everything into con- Kwał-lin,,

Chang Kwai-on.

With the future still most sideration,

Kwai-cheong Im sure you will chang

Chang

the business world agree with me that we have done | Kwal-yuen, La Lin-chi

and uncertain,

Shanghal, Is genertilly favourably. I trust these appro- George Y. K. Sun (Directors), printion will meet with your Messrs Ko Fook-chin, Lee Shiu adopting

While a "watchful watting" marking time approval.

chun, Lee Fong, Chang Yick-altitude.

Lee before

almost Inevitable Chong Kwal-yau, Brus, Fook-chung, Chang Kwal-ping,

ndvent of Communist rule. It Lowe Pu-tun, K. P. Cheng and has its eyes glued on Tientsin M. O. To,

for indications of the likely commercial policy of the Com munists.

Owing to the general increase in the value of land in Hong kong, your Directors have con- sidered it advisable to revalie this Company's property

from $80 to $149 per unre funt.

thereby increasing the Land DECISION ON value by $1,050,000. The value

of $145 per square foot repre- sents a conservative estimate,

an estimate which has been ap-. proved by the auditors.

This process of revaluation is

0371

#j!

CHINA AID

provides that sure which

in line with the policy adopted by other Companies owning fand In the vicinity of this Company's property. The sum of $1,950.000, al Branted last year will br extended until February 1950 revaluation exte belig surplus

the provisions of the has been transferred to Capital Within

ECA 1:1 itself instend of Reserve and will be dealt with:

House pro at the Extraordinary Meeting separately as the

About $54,000,000 in which will be held Immediately pedi.

unexpended funds is involved. after this meeting.

Having

for this The conferees also accepted!

Scoate provision that the Theatre many selected pictures # from English and American United States should withhold Companies, I am confident that the result for the coming year will equal, if not better that of last year.

Looked

EDUCATIONAL FILMS

In view of the popular re- quest by parents and teachers. to show more educational

anc! scientifle Alms for the younger set and students, we shall en-

leavour to arrange-and-provide.: for such entertainment as fre quently as possible.

In spite of the Landlord and Tenants Ordinance 1947, which only permitted us to increase

ever,

the

Bulls the

2-22

COPR, 1948 BY NGA BERVICE, ING, 7, IL REG. U.-8. PAT, OFE,

** should think you'd be tactful enough to wait till wo're better acquainted with those people before asking them what income taxes they pay!"

Union Support For Labour's

New Programme

London, Apr. 13.-Trade. union support for Labour's new nationalisation proposals - an- for nounced in the party's draft

programme next year's general election-today seemed as- sured, but not without much further discussion and bargaining in the Labour Movement.

The first reactions in trade union quarters were far from unanimous.

desired. In

and

The majority of foreign firms are

present Just dabbling in enough business to kcep "alive." but Chinese -in- dustries have been hard hit by the

shrinkage in the size of Washington, Apr. 13-Bouse their domestic markets through conferrea ON the ECA billCoinmunist conquest.

Et some Kasch the new La- The nationalisation of sugar today accepted the. Senate TRADE WITH REDS bour programme dees not EO manufacture and refining, of version of the China afet

as far with nationalisatian With official approval, haw-

as cement and of water undertak- negotiations are

beng me unloas

thefings, anpears to have solld union pushed for the full resumption case of insurance. Il goes fur-support.

ther than they contemplated.

There will be no difference of trade between Red and

enlist China in the near future.

The discussions

will

iry to of opinion among the manage- A start in a small way hus bring the varying

or ments if Labour returns to pow- schools already been made with the bar- thought into agreement, and er. All are strongly opposed to

State ter of Shanghai flour for North the annual Trades Union Con- further

intervention. China coal,

but it is hoped to

will show Speaking for one of the biggest ogress In September trade shortly extend this

to how

far the dissidents have sugar concerns, the Tate other itema.

been able to win support for Lyla's. Lord Lyle said: "I shall For the time being Tientsin is

more radical measures than do everything in my power to rival ECA aid to any nation which is proving serious

a

those now proposed,

uppose nationalisation."-Reuter. water sanctions by the United Shanghai as China's main cum- Nations.

was a milder

The first meeting on April 22 compromize version, adopted mercial centre, with the Com-

munist authorities reportedly will be between members of the after a t:w Senators tried to cut openly promoting barter trade Labour Party Executive and off aid to the Netherlands 'im-

lenders of the National Federa- mediately because of its attitude with abroad.

Workers. of Insurance This has created a favourable tion on Indonesia.-United Press,

impression among trading cir-which claims 42,000 employees in insurance companies sche- eies here. As the quarterly re- view of The China Engineers duled for State control, Limited-one of the leading British rins in this part the

unti) January world-says, the majority-of-tionalisation_ businessmen are optimistic re when, at a special conference, Washington Apr, 13-Senator garding the policy of the Com-indopted a non-committal atti- tude, until the Labour Party Rolph Flanders (Republican for munists.

proposals. After Vermont) suggested today that

"Some people say that Chi-definett

Labour leaders and

This

LEAFLET "WAR”

PROPOSED

of

1

or

The Federation opposed.

Its

סון

Taikoo Club Presentation

Mr T. Grimes Yesterday evening, at Talkoo Club. Tom Grimes, who is re- turning to his native Liverpool on retirement, received a silver fea service and rose bowl from club members.

Mr

Wiley 4.

(chairman). presenting the gifts, said that in effect the backbone of the bowls team, billiard table and club would go with him.

No Telegraph

Tomorrow

Iton

There will be no publica- of the Hongkong Melegraph tomorrow (Good Friday).

Publication will be re sumed on Baturday, with (lo qual 14-page paper containing special week- end reading.

On Easter Monday the Telegraph will publish

.karller than

will

tinual And le on the streets

about' inliday.

Fears Bill

May Break

Up Homes

Manila, Apr. 13.-Com- Kressman Hermenegildo Atienza of Manila who sponsored the reciprocity Immigration bill in retalia- tion against the "White" Australia" policy, told The United Press today he would seek to have his measure amended in the Senate "10 avold breaking homes,"

Senator Atlenza's bili, which has been parsed by the House on its second reading and which probably will be Anally approv સા on the third reading next week, would mean deportation of alien residents heré whose countries bar The entry or Filipinos. The bill prohibits ad- mission and stay of such aliens in the Philippines.

Senator Atienza kuid he would ask renators to amend the bill to exempt aliens married to Filipinos, thus prevent the breaking up of familles. He ad- mitted that as the bill now stands Australian Mrs Lorenzo Gambon would be turred from the Philippines although it was her husband's ense which in- spired the bIII.

President Quirino, who is in Baguio, answered a United Press query and said he would make the decision If and when the bill was passed by both houses. of Congress and sent to him.

Acting Senate President M. Jesus Cuenco loid United Press that the Senate probably will;

it unanimously, but he Pass would work for elimination of the retroactive aspect which would mean the deportation of certula #liens already living here.--United Press.

Radio Hongkong

IN'T 1911,

Programme Suminary: 0,01 Children's Story: "Matica Mouse" by Urza Brocine, BCTS) "Matilda does Down Under". Nend by W tred ekles: 0.15. Light Orchestrat Selections: 6.45, "My Songs for you" Sung by Maurice Kenry DICTS): presenterf 7.00. "Lawn Beat Dires"

by Paul Stuart (Studio): 230, Lai Foil Heure-Francaire" (Shio); A00, World News and News Analy

"Jand- sin London Felay!: 6.15.

Rarks of Britain"..St Paul's Cathe

**ITMA" (BBCTS): 0.30. dral

"From the Edito- inuersi; 1.00 rials (London Relay); D.10, World Theatre...Dane Irene Vanviuch in

"He Stamps to Conquer" by Olivet Geldemith. Part 2 (BBCTS); 10.03. "Music in the Air". The Queen's Hail telit Orchestra: 10.30, "Thur

Spreade" A Programe of

11.00, Mute:

t Continious Newrreel Lendon Relav) Wenther Report and Close Down..

Outward mails

the United States send guided ese Communists are not different necting rents to a maximum of 46 per- missiles over the Soviet Union from others, and that they will Rating more details of their in- cent. on pre-war rates, our ren- to shower down handbills and act as they have done in Cen- tentious, the Federation will cult til receipts from shops Girl peace pamphlets to the Russian tral Europe, destroying private conference next month to de-

arcide its altude. offices have. however, been people.

enterprise, whether Chinese foreign," the

sail, review quite satisfactory.

UNIONS DIVIDED In a Senate speech, he said

pessimists are in the i These Out of the profi available that the United States should minority. The majority optimis- for distribution, your Directors launch a "political offensive" totically opine that Chinese Com

Trade unions in the chemica recommend the

divided. following ap- fel the

Industry ure equally Russian people know munists are Chinese

Arst and Less than a third of the 200,000 propriations: Provision

It for why it is that the rest of the Communists second,

that they

was not only his skill at Taxation in respect of 1040/50 world fears Russia

workers in the industry are games

which Taikoo would and arms have no interest whatsoever in unions and assessment of $40,000; dividend

they are spill be miss, but his grand social nos any political creed, that they

they tween the Transport and Genera! ture. of Si per share on the pold-up inst it."

will not pursue

Marxist doc Workers' and the Municipal and capital less income tax, totallin

trines, will not accept outside General Workers' Unions and the Mr Grimes a honus of $2 per 580,872.20;

direction, and will follow the maiter Shop, Distributive and kong in 1922 to supervise the share on the ordinary shares

time-honoured tradition of tesa income tax, mounting

Allied Workers' Union

The Talkoo ! - from # Aam. to 10 an, and reconstruction of compromise, or the middle Chemical Workers' Union.

Sugar Refinery. In 1024, that $170,710,20 and in

in accordance

task completed, he transferred The two

b general union". to B. & S. Works Dept, where onpose immediate nationallsa- (he has remained since. tion; the two smaller ones sup-

(n

with Article 100 of our Articles of Association bonuses to Foun- ders less tox, Directors and staff of 333,857.01, $10,000.45 nad $37.618.90 respectively and the placing of $30,000 to

General

Heserve und $60,000 for provi-

Andio broadcasts reached only a small percentage of the Rus slans, he continued.-Reuter.

DOCK STRIKERS WARNED

(Continued from Tage 1.)

Meanwhile, 1,500 of the 8,000!

sion for renewals of plant, leay-striking decker members of the ing a balance of $40,175.32 to 2 Transport and Central Workers carried to the next account.

Mr Lee Shiu-chung sccended.

CAPITALISATION

At the extraordinary meeting

the Chairman sold:

As I have alrendy Indiented

Union,

which trike, decided

opposes

work

road."---Reuter.

MUD VOLCANO port it."

ERUPTS

Moscow. Apr. 13. The erup- the ton of a mud volcano, startling

1

to return to- from a great pillar of are, was morrow on day

only. revúrted today

the by Tass, One official said

this would official Soviet news agency, in "probably

bring about a general a message from Baku, on the resumption" of work in the Lon- Caspian Sea.

The cruption-the fourth near the since 1932-occurred The strike. In protest against village of Hande, in the Mara pany's landed property has re- the dismissal of 33 nged and stilled in surplus of $1,050.000 sick men without pensions, is zinsky district-Reuter.

at the annual general meeting don Docks. the revaluation

been

Com-

of the

transfered to

which bus

the first ciał stoppage since Capital Reserve.

It has union backing, since the After consulting the Auditors war. But it is neverthelces your Directors have decided in legal because the law requires capitalise the sum of $998.589 that three weeks' notice of a out of this fund and to distr dispute be given before work bute the same by way of fully i stops.-Reuter. paid up shares to the shore-

holders.

Notice convening this meeting

has been duly given with copies |

of the resolutions proposed to be

adopted. It will be seen that

in order to carry the scheme of

Dissected Corpso Discovered

capitalisation Into effect it will Vienna, Apr. 13-The police

be necessary to alter the Articles In Lower

Austria

inve

lis-

caine to Hong-

He was a prominent cricketer The Labour Party's decision for Craigengewer Cricket Club, to hold i15 handi on

in whose 1st XI he played be- the nationalisation of shipbuilding tween the years 1922 and 1932 also falls short of the nititude

A bowls enthusiast, he re- unionists in the industryularly turned out for trade

Talkoo The Confederation of Ship- building and Engineering Unions Club in the First Division before wants nationalisation, not sim- the war, and since his relensa played in the Second Division. ply of shipbuilding, but of all from Internment in Stanley, has "marine industries."

He has been once winner and runner-un in the Swire and Cup Billard Competition, since the war has won several prizes in club competition.

A spokesman raid today that he expected an carly inceting to consider repasentations to the Labour Party Executivo.

U.S. GRANT FOR NAVAL

AVIATION

OPPOSED

Washington, Apr. 13.-The chairman of the House Appropria- tions Committee, Mr Cannon, said today that if the United States was to fight Russia she would have to win the war in the first three weeks by dropping bombs on Russia from planes based in Western Europe,

musi

On Friday. faturday and Mon- day, the General Post Once and Kowloon Central Post Office wil be open trom & a.m. to noon, Offices The other Branch Post

There

will be one delivery of ordinary and registered correspondence at 10 am, and any collection only from the hillar boxes during the The Holidays (excemt Bundevi Money Order Omes will be en- tirely closed..

An outward surface mall to finited Kingdom via Parts per RMS Canton will be closed on Priday April 15, me follows:

ar Hongkong Parcels April 14, 5 p.m.: Registered. April 13, 0a.m. Ordinary, 0.30 am,

cro Kawinan Parcels, Apri 14. p.m.; Registered, April 15, 8.30 .m.; Ordinary. 0 M

This mail it expected to arcium at London on er about May 15, 1245

tinless otherwise stated, re- Eistered arilcies and parcel earlier tits close 30 minn than the ordinary mail. If mulle riase before 10 am.. registered and parcel paste close at 5 pm. on the previous day, Malls are elosed at Kowloon Central Post Omer half, an hour, curlier then the GPO closing times.

THURSDAY, APRIL 14. Closing Times Dy, Air Kunming Luchow, Amoy. Nan- king. Taingtao, Kwallin, Chungking, Swalow and Tainan, 3.30 p.m.

Pangoon. Colcutta. Karachi, Bah- rin, Alexandria (Nairobi, Mombas Dar-es-Salem, Mauritius, Johannes hurg and Marmilles via Alexandria), Fnre and London, (CPO) 1.30 p.m.; (Groja p..

Bangkok, Hintavia, Colombo, Syd- ney and Auckland. 1 p.m.

Alanghai and Japan. 8 p.m. Singapore, 5 p.m.

Closing Times By Bes Chenghai and Japan, a p.m. Halhow, Pakhol via Hoihow and Bangkok. 3 p.m.

Swatow, 3 p.m. Manita, 1 n.m.

of Association and to increase covered, for the Recond time the authorlaed

papital this year, share

dissected corpse, 21

Criticising House members, 1e said the United States must of communication., Only the Air of the Company,

enrefully reassembled and burled

the atom Your Directors have also seen in the woods near Baden. In who wanted to increase appro-be prepared in the next wer to Force.could deliver fit to take this opportunity of both cases, the cause of death plations for naval aviation, Mr equip soldiers of other natione, bomb to Moscow.

Cannon said: "We

hit and let them send their boys Mr. Cannon urged the Ilousc proposing an alteration to article was a shot in the back of the Moscow and every other city in into the holocaust,"

to "put money where it counts Strait Ceylon, Madagascar, East 106 regarding the distribution of

necktion used by the Gestapo.

favourite method, of Bussin within one week after He neued that the proposed long-range land-based bom- Africs. Flombar. Aden Egypt and

Europe via Londen, & p.m. (part. profits. Under the existing

the next war starts, and with new 65,000-ton aircraft carrier bers"

FRIDAY, APRIT IS Article, a dividend of 10 par: The police are puzzled by the land-based planes.

week he sunk in three daya He said the backbone of the

Cincing Times by Air cent is payabla to the share-dissection and reassembly,

Manila. Honolulu, USA & Canada, the

manoeuvre | Tinvy in this slomic age was the ""With the signing of the At- the Navy tried holders in priority to all other work of an expert

Noon treg & ord). where surgeon Jantic treaty we have the bases. It Into a position

Its submarine, not the battleship or

gel Posts for Manila, Hinno- distributions. If the capital is Two similar corpses were found All wo need now in planes to medium range bombers could the carrier.

Talu and UBA, (CPO) Noɑn; (GPO) to be increased to twice its pre-buried in woods within a few deliver the bombs."

deliver the atom bomb.

"Control of the seas is now Tenn sent amount as provided in ono miles of the discoveries

Ordinary Airmail (Printed Mattera, 149* Mr Cannon was opposing ». He compared the Navy In the secondary to control of the alcantes and Smail Pecket Posis) for of the Resolutions shortly to be rear. One Vienna newspaper i move to add $300,000,000 for stomie ern to the Maginot Line shouted Mr. Cannon. "The pitu- | Manila, Quam, Honolulu and ÚSA, proposed the percentage pay has puggested that the crimes naval aviation to the pending before World War 11. The ation is so apparent that there (CPO) Noon: (OPO) Hoon.

war should be no question about it," ·Faigen · and Paris, Noon" (reg—de- able by way of dividend would are the work of a mad doctor,~ | $10,000,000,000 milltary spend- Navy's place in a future have to be adjusted as otherwise | Reuter?"

ing bill for the flical year 1050.¦ would be to hold its own Jines 1-United Press,

hangiat, Noon (rag & ord).

ord),

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NATURE MADE IT SPECTACULARS THESE MEN AND WOMEN MADE IT LEGENDARYI......

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RUSSELL HAYDEN CATHERINE CRAIG GEORGE CLEVELAND) » hood by BF DANNE -

confro

Babai,

BRITTON HAYES CHANEY

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Lon

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1947 Academy Award Winner

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