1949-09-30 — Page 5

THE HONGKONG TELEGRAPH, FRIDAY, SEPTEMBER 30, 1949.

HK Realty Company's $225.938 Profit

CHAIRMAN ON FUTURE PROSPECTS

At the annual general meeting of the Hongkong Realty and Trust Co., Ltd., held this morning, the Chairman, Mr G. E. Marden, MC, said that a ncarer approach of the Communists to the frontiers of the Colony might have "manifestations of lack of confidence" likely to cause. "unpleasant consequences.”··

"You may be assured" Mr Marden told the meeting, "that your Board and your General Managers will decline to be influenced by such manifestations, should they occur, and will do all in their power to sup- port the authorities, and to show their. confidence in the security and prosperity of the Colony"

The Directors' closed

de 2018/40. 1049/60, $32,400, leav Report

dividend of

In the Appointment Account-

a profit for the yearing $1,390,280, available for ap-you will notice the provision for now been ending .April 30, 1049, of proprigion, which the Directors taxation. which 105 8225,038,

To this was added: recommended to be dealt with agreed with the Revenue Autho- and the Arst transfer to rities, balance of $1,164,380, brought by follows:

Property Amortisation Reserve forward from 1948, and provi-Pay, a

which the policy I outlined sion of $18,150, for interest vif

earlier has rondered necessary, pro-war overdraft which In 110

It has been considered desirable longer required,

200,000, to increase the General Reservo by the substantial amount. of

This made a total of $1,428.- 080. From this was deducted provision for taxation 1947/48,

Nine-Lakh Claim Case Continues

Hon

$0.10 per share free

of tax out of profits not able to Cor- poration Fronts Tax $ Transfer to General

Reservo Transfer to Property Amortisation Re-

Gerve

Carry forward

050,000

six and half lakhs.

The Balance Sheet Rself, In addition to showing provisions to which I have just referred, 10,000 presents a rather

more, sim 536,200 piled appearance thin was the case last year, inasmuch as the largo contingency reservo and provision for building covenants has given place to a small contingency reserve $0,007.

$1,300,280

NEW ARTICLES

The Chairman satd:

C. Roberts, of 98, Robinson agreement.

You will remember that just has largely been made before our Inst Ordinary Gen-

Ufting eral Meeting an Extraordinary possible following the After he had spent two and Meeting

while of moratorium, was held, at which of the

the sub- the n half days in the witness box, you approved both

amount standing against the cross-examination of Loo division of your Company's sundry creditors all cums ne-

havo duu

inco been former Halog-yuen,

Chief shares and the new Articles of tually Justice of the Kwangtung High Association rendered necessary paid.

the assets side Court,

Turning to by the

Leo by the change in management.

no further comment d'Almada, KC, senior Counsel Under the Artteles na agree there is for the plaintiff, concluded be- ment has been entered into which I can usefully make on fore Mr Justice Williams

the in with

General

Invest. Managers Üze Bxc assets and the Supreme Court this and the accounts How before ments, although a further de morning in the nine-lakh you show both the change in preciation of some $10,000 hus Shanghai foreign exchange the nominal value of our shares since taken place in the value claim brought by A. V. While, and the commission earned by of our investments. The large of 3. College Road, against the General Manager under the

m due from the subsidiaries represents in the main the ad- As foreshadowed last year vauices to Oriental Mortgage & Plaintiff and defendant are further investments have been Finance Co. Ltd., to the profit- former Shanghal merchantn.

theable use of which I referred and in particular Replying to Mr d'Almada. Inade, Witness and that the directive of Company has acquired some 05 cartier. February, 1947, to the Executive percent of the shore capital of & Finance Yuan,

WAS contained in the Oriental Mortgage

Co., Ltd. weekly edition of a Shanghal

which Thig concerns, which publication

cidentally is a public company. Inws, and orders.

was formerly controlled by our Counsel: The sreond resolu- General Managers, who own the tion that anys that measures as balance of its share capital; it is regards pensities should be for being operated parallel with Our warded to the Leglaiative Yuan subsidiary Harriman Really Co., was that because of Article Ltd., as each company's activities 1 of the Criminal Code?

tend to be complementary to Article 1 speaks for itself. I do those of the other. not need to explain it ------

Head.

contained

It says 'no net should be punishable unless at the time of the set the law then existing expressly provides that it should be punishable. Would that he a proper translation?-Yes,

Honga And

Hos juristic bodies. They are als tinctly different from natural

persons,

RTO

not

All of our available funds are utilised by these activities and since the date to which the Balance Sheet is prepared we have availed ourselves of ad vances from our General

Managers, and have further funds to atable use.

UNITED NATIONS. LEADERS

Newly elected Vice Presidents of the United Nations: General Assem-

with bly 'chat

the Assembly President, Brig. Gen, Carlos P. Romulo (seated) of the Philip- pines, at a meeting of the Assembly at Flushing Meadows, New York. Mr They are (1 to r): Hector McNeil, Kingdom; Mr Liu Chick, China; Senhor. C. de

United

Thousands Crowd

To See Earl Marry Pianist

Freitas-Valle, Brazil; M. CLOSED ROADS, TRAFFIC

Andrei Vyshinsky, USSR; and Warren R. Austin, Missing United States. from the group are the representatives of France and Pakistan, also elected Vice Presidents,- AP Picture.

Israel

"A

JAMS IN WEST END

London, Sept. 29.The King and Queen today attended the wedding of the Earl of Harewood, 26. year-old nephew of the King, to Miss Marion Stein, 22, Austrian-born former professional pianist.

Hundreds of police on foot and horseback fought to hold back the thousands of people struggling_for vantage points outside St Mark's Church in fashion- able Mayfair. Women had waited hours—some of of the them since last night-to catch a glimpse

Bastion Of bride and the Royal guests.

Democracy

"

Washington, Sept. 28. Tho Congress of Industrial Organi sations delegation which ed Israel earlier this year, de- scribed the new Stale "bastion of democracy in the Middle East" In a 32-page re-

Ten roads were closed and big Harewood, who introduced hilm traffic Jams developed in West to Biiss Steln. Mr Brillen End shopping streets. Shop-

conducted keepers barred and shuttered anthem from a place doors and window.

Crowds cheered as the bride- visit-room, 11th in succession to the British throne, hurried up the steps Into the Church, accorn- panled by the best man, his brother the Hon. Gerald Lascelles,

a few

S Л

They were followed

by Princess Elizabeth and the Duke of Edinburgh.

choir.Reuter,

the in the

DEATH OF FORMER RESIDENT

ROXY

DANGERMATEConditioned

CAUSEWAY BAY Tal. 26626 t "TOWN BÜDLING OFFSER, 1 QUEENS DEL CA

Seven LESOMAJA (1) Trampt Bendigt

ITSAS

S PEEK INTO

FUTURE PROSPECTS You will expect me to say u Lew words on future prospects and will be pleased to know that the result of the first five months. wortung is satisfactory. the tempo set in the latter part port made public today.

But the report warned that menced of last year, when we recom-Israel requires extensive finan-minutes later by the King and full scale operations cial help in the form of gifts, Queen, accompanied by Princess results commensurate with the for expansion and growth, having been maintained, and loans and private Investment Margaret and soon afterwards Increased capital in use in the The members of the delega-

having been business

extion, appointed last spring by the CIO President, Mr Philip Mur- perienced.

The Impact of the devaluation Maxwell

were Mr Jacob Potofsky of Sterling, as

and was to be cx They reported that they were Brandwen,

News has been received of pected, created some' uncel-

the death in England on Sep- ainly, but there is no reason tu

"greatly Impressed with the

tember 19 of Mr Eruest James suppose, dat it will have such vigour, intelligence and demo-

YEATE Edwards, who spent 25 Israell far-reaching effects as to disturn cratic spirit Government."

slim, Miss Stein the Education Department. the Colony's financial and pricu

Their report urged the CIO wore a long flowing gown of Hongkong, retiring in 1937. He structure.

to

substantlat white brocado

patterned with was 63 years of age at the time support further loans" by the United States a silver spray design. Her hair of bls death.

to Government

Israel, and was garlanded with gardenias, Mr Edwards was appointed 10 that "in ila Ars It was an all-white wedding, the Education Department in

Queen Mary had reluctantly decided not to attend the ser- vice owing to the hot weather, but she planned to attend the subsequent reception.

GARDENIA GARLAND put these sinular pro-

Nor will the anticipated In South China have events

of themselves, al- much effect

of

the

Tall anti

Mr E. J. Edwards

and at such a nearer approach of the Con-year the fsraeli Government has with four bridesmaids and oud (1912, and a year later he

such

and order England by the to th pre-war market value of

six From

Was emali Ba

page-boy.

posted to Queen's "College--as At the out- ali59 Diem' was married in her Ass'stant Master.

names of "Additional | baptismal

Maria break of the first world war 10

of international

the

بشرة

Commencing TO-DAY

At 2.30, 5.30, 7.30 9.30 PM.

THE OTHER WOMANS MAIL!

20

All of them wondered while

ons of them wandered!

Jeanne Chain

Linda Darnell

Am Sothern

"A Letter to Three Wives"

Comery

*** KIRK BANGLES • PAUL, DOOGIAX - HARRAZA, LAWRENCE - AFIRKY ETTR in Conke Mehdi • Tour Bean - Habert Zoomad, mana setine (52) 1, MARKERAZ,

ADDED: LATEST FOX MOVIETONE NEWS American Beauties Contest

Pageants of Charm and Loveliness

SEE: The "Mrs. Amorica" & Tho "Miss America"

SUNDAY MORNING SHOW AT 11.30 A.M. -----

R.K.O. Radio Picturo Presents

Walt Disney Variety Programme Color by Technicolor — At Reduced Prices.

ALHAMBRA

AIR FRESHENED

SHOWING TO-DAY AT 2.30,-5.15, 7.20 & 9.30 P.M.

She was THE BRIBE-dangerovy — Irresistible |

MGMS

ROBERT TAYLOR

AVA GARDNER,

CHARLES LAUGHTON VINCENT PRICE

"YON BEGGARS"

JOHN HODIAK,

"THE BRIBE"

A MERT Z. LEONARD predvables

PROPERTY BOUGHT Certain purchases of residen- ' OFFICIAL BOOK

tal properly have been made. but in ench case tenancy agree- Re-examined by Mr H G. Sheldon, KC, leading Counsel substantial parties.

ments have been entered with though the apprehension which pointed out

for for the defence, Log sald that periods of years, there were no official law re-

rentals, as are designed to make munist forces to the frontiers or demonstrated a sense of respon-

sibility."

declared: porta in China like those the investments self-liquidating the Colony may be expected to

The laws down to point, approximating njender could easily bring in United States Government loans Dostata, and not in the name of was Master in charge of published in

ils train manifestations of lack will be an investment that is Marion, by which the is usually Police School and was one of THE MOST UP-TO-DATE THEATRE ON THE MAINLAND of confidence which-unwar- Government were contained in the property,

book, published in

the Profit and Loss ranted and, fortunately short-sound both in terms of eco-known. volumes by the Shanghal Law Account before you it will be lived as they may be neverthenonfica and

goodwill," Codiflention Society, It was chserved that the total expenses iess would be likely to cause un-

remain

The members praised Israel Jov. pleasant consequences. used in the courts as an official of management

and it is anticipated that this You may be assured that your an a "bulwark against encroach- book.

Israel was state of affairs will confine, a Board and your General Mana-ing Communisin."

General Managers are gera will your

decline to be in- ploneer country "In the best quite satisfied that their real fluenced by such manifestations, traditions of the United States remuneration should be con- should they occur, and will do beginnings."-United Press.

inrent upon

to support the Company's all in their power prosperity.

the authorities and to show their On the other side the Ping Leung Lam, solicitor of

pro-confidence in the security and the Supreme Court of Hong-perly working account repre- prosperity of the Colony. kong, and recognised expert on sents the cominencement of the Chinese law, was next called to reelpt of rentals on our newly give evidence.

ถ

Asked by his Lordship how often the Legislative Yaan met In a year witness replied that

he could not tell exactly. Lawa were passeck at their regular meetings.

The hearing is proceeding.

"Pilgrim's Wallets"

Vatican City, Sept. 20.The

Vatlenn printing

Office is Holy Year two million "Pilgrim's Wallets," ta be distributed free to Catholics of 08 countries who make the pilgrimage to

will

Rome next year,

wallet contains a metal badga Inscribed with the monogram of Christ, a book of prayers and hymns for the Holy Yehr, a brief guide to Rome, a block of vouchers for rallway and bus travel and en- trance to

and a pil museums, grim's identity card.

will In addition, each pilgrim receive as a gift from the Pope a silver bronze Jubilee Medal portraying on one side the reign- ing Pope and on the other the Holy Year door of St Peter's} Basilica-Reuter,

NEW JPS

Now Unofficial Justices of tho Poace are Messrs F. D. Hunter, E, G, Price and D. L. Prophet, according to a notif- cation in today's Government Gozelte

Mr. N. G. Rolfe has been mado an offelal JP.

murchus d residences, while the dividends come almost entirely from our two subsidiaries,

SIDE GLANCES

Present at the meeting were; the Hon. C Blaker, MC, and Mr M. W. Turner, and share- holders representing a total of 1,882,075 shares.

the first to join The Hongkong Part of the wedding service Volunteers, was taken from the revised

In 1928 Mr Edwards was ope Wantsal version of the Book of Common

Headmaster, Prayer, but the bride's promise pointed

School, and was promoted to "obry" was included.

The anthem was specially Senior Master in 1934. For nine composer Ben months in 1935 he was Heud- written by the Jamin Britten, a friend of Lord master of Ellis Kadoorie School.

Immediately before his retire munt lie-was Aeling Inspector of English and Secretary to the Board of Education,

Super-Plane's New Attack

Great Speed On Vatican

New York, Sept. 20-The Alr Secretary, Mr Sluart Symington, has indicated that the U.S. Air Foren has a plane faster than the speed of sound. Mr Symington eald tonight: "Man has now flown and lived

By Galbraith which flies "hundreds of miles

Principal Almonerna bed acumor, mes: ?, ne, pact, as as mer, onre

Miss Agned M. Ballantyne, ati Associate of the Institite ( Almoners, had been appoin PrincipalauEDESTEI

“The baby sitter, wald those children's verses are comý, Dadmoniı you find the book she read to me about murder

A member of the Rongkong Club, Mr Edwards was a keen lawn bowls player

SON IN RAF

A distinguished and efficient Freemason, Mr. Edwards was d Czech Paper On past District Grand Master, HK and South China, Scottish "Exploiting Class”

Constitution, Past Preceptor of nights Templar, PMWS of Prague, Sept. 20-The Com- Phoenix. Sovereign Chapter "und at speeds hundreds of miles ist newspaper, Rude Pravo, PZ Royal Arch Chapter,

today, published a new donun- PCN Royal Arts Mariners.

faster than the speed of sound,elation of the Vatican for sup- The Late Mr Ed

Edwards

the latter being 700 miles anporting "the preservation of survived hour at sen level."

The Secretary mentioned no class,"

covernment by specific supersonle experiment

Catholic The

in an address before 2,000 in simultaneously. dustriglists

air,"

ol

the

will give worry to time-lable experts."-United Press,

IN

TIBET

the exploiting

is

Radio Hongkong

LIBERTY

COMMENCING TO-DAY

.AT 2.30, 5.30, 7.30. &: 9:30. P.M.

FA CAST AS EXPLOSIVE AS ITS STORYA

BOGART ROBINSON BACALL

HIGHER BUDGET

FOR UNESCO Paris, Sept. 29-A British motion to keep the 1050 budget

WARNER

BROS KEY LARGO

CLAIRE

BARRYMORE TREVOR

New Cambodian Government

estimates of the United Nations Paris, Sept 29-A new.

Educational, Seleniifle and Cul- Cambodian Government headed tural Organisation to last year's by Yem Bam Baur das formed

widow by hto and son, Sq-Lar. G. G. Ed- Sq-Ldr. wards, in England. Buthorities Edwards was educated at the charged The former Central British School, National Czech Communists of misusing Hongkong, and later went 10 Security Industrial Association."even the most sacred names Downing College, Cambridge, Ile termed the demonstration and religious feelings of tho "only really a start at un Catholic people."

where he obtained his blue for soccer. He is at present" in the ravelling the mysteries of the Tho. Church statement claim-.

Education Branch of the Royal that the Communist lay Air Force. ed "This same plane, if it hud the range, would arrive in San authorities, through the pro- Government Catholic. Action, Francisco before it left New were taking over the organ- York," ho continued. That sation of religious pligrimages. to It appealed to Catholics boycott an October. 2 pilgrimage at St Kopecek, in the Olomouc PLANE RESCUE district of Moravia.

6.00 Hongkong Calling-Pro-gure of $7,780,000 was defeated today as a brief ceremony Rude Pravo sald that the gramme Summary: 6.02 "Swing To" by 28 votes to seven at the the Throne Room of the Royal General Conference Palace, the Cambodian dologa- Vaticon was "negative and hos-Count sale and 1tis Orchestrs, UNESCO tile to Sociallam." Nit

tion in Paris announced today. added: Presented by John Baker. (studio); here today.

830, Cantonese by Radio-Given by

The Conference decided an o A ~Tha: Prime Minister also táck "The Vatican wants to save Mia Li Wal-len, and B.K. Lee. Washington, Sept. 20-The

of the portfolios of the Ministry of State Department today re- capitalism. It hates our Se (Studio) 6.50, Sidney Torch and "comprunales target figure

fila Orchestras 7.00 Music $18,000,000-Itcuter,

tho. Interfor, and National ported that a plane from the mocratic regime."

HourClassical Request Program=

· Government-sponsored | me". Presented by Yvonne Charter.

Defence Reuter, vi U.S. Embassy in New Delhi would leave tomorrow to Catholic News today confirmed 15tudio) 300, World News and News

the American-radio (Boprano) rescue correspondent, Lowell Thomas, who was injured in a fall from trusteeship.

had been put under national with Plano Accompaniment by

Betty Brown. Studio); 8.36. ISTOR- London, Sept. 20-Mr. A. C a horse'in Tibet.

The Church and complained omgries.00 From the B. Symon, who relinquished the

Fattorials London Relay appointment of Deputy High His Excellency the Governor The report and Mr Howard

Fabout this

during the last Wanther naport Thriller by Commissioner for the

laving Donovan,

Charge American

PWON.WE Wonderful - D'Affaires in New Delhi, had

Maxo Kasier with Nathton Wayne Kingdom in India at the end of under instructions from thi co-operative inclutter and san) «ftadford, ((BBSTUJELM, | said there was no reason" for serious.unxloty about Mr about 8 000 members and has A Short Programme of the Music of April, has been appointed an Secretary of State for the

Bibellum: 10.00 Time For Sale assistant Under-Secretary of Colonies, has been pleased. Thomas Basing his report on specialised in the manufacture nne Midlands Light Orthestry Con-State in the Commonwealth fte. recognise Dr D. de Roo vau

provisionally of: Church furniture, textiles cucfed by allbert, Vinter (lez) Jallons Office, information received from the

CHOSOMA Short Programme of Popular Indian Mission at Lhasa, Mr and statuary

Recent Ratas: 3040 DanceToHe will succeed, Mr. WJ. Donovan sald Mr Thomas had The new national trusteeshly well and FLY ROYAL JEW Carnett, who has been appointed Minjesty's requetur suffered some injuries and, had has already included the pro» ans: 11.00, Hadio News Rei London Deputy High Commiatlonte for aul-General: for, the Netherland

fractures, party In the national planning Retarilib Weather Report the United Kingdom in Austraat Hongkong, manten tever, but ""no

· Bummary -- of2, Nowej I130,- Cloos United Prossit Custo

avatam Reuter

"HamOur Own Correspondent.

The

London Relay) C'wealth Relations

Office „Päst?:

Choti

that a Church co-operativa: at AATTY Behumano)

United

Consul-General For Netherlands

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