SATURDAY, FEBRUARY 25, 1911.

COMPANY MEETINGS.

Hongkong Shanghal Banking Corporation.

The linery half-yearly meeting of shareholders in the Hongkong and Sling hal Banking Corporation was held at the City Hall today,

of the unexpected' action of the Indian Government in increasing the import duty an silver by about 11 per cat carly in the your, and the disturbing effect on the ordinary tindo domand of a prolonged and extensive operation for a risc engineered

THE CHINA MAIL.

in India, the price of silver has the nury of influence for [ behind him a reputation of which he

WHY PAY

ny

$1.75

China, to its important bearing lipan the Smith has left for home, whom we trust he material progress of the country and those will have any years of leisure before him. usio inter which sa chinely affect We are glad to know that his services are this Bank, and to the present tendency of not to be altogether lost to the Bank bat foreign Governments and foreign financiers that he will still continue to benefit ns with to lay side their rivalries and, the | his advice", (Applause).........He has left selfish doctrine

policy which nin

well bo

has to έξι fall justified at friendly combination in

proud and the pursuit of the wundance repost in him by the Bourd not shown such great Auctuations as interests which are contenton to all... and shareholders of the Bank. (Ap- might have been expected. Taking the

Arview of the past year suggests plause). In Mr Stabb pur new

new. Chief Mr G. "Balloch presided and there were whole year the quotations have certainly those riots indeed, they have receival wu are, I am suru, all glad to niso in do nothing which calls for a indification of Manager we greet an old one friend whom present the Hem. Mr. Roswick, Messrs beur variable, ranging from 23/3 to 20 striking condition in the recent accus

vo kumuable position in which he has been G. H. Medhurst, G. Friesland, W. Laan, per z. alandart, but for six months of son of a powerful American financial placed and which he has so worthily won. 'B. A. Sighs, R. Showan, J..N. Stabb, twson 24 and 25 pence.

that time the pries was maintained bag to the international combination, in (Hear, heat). (I feel sure that I am justi As regards the which British, Franch and German in fed in saying the shareholders of the Bank F. H. Amstrong, A. For

production of silver the existing sources larmoniously together. The nine of this endurso the wine uiction made by

terests have for some time past worked knowing M Stabb's reputation will entire Lenz, F. Lich; R. R. Him, R. Cgive no definite indication of change me combination, which are to sest China in the Board and will agree that our interests Edvards U, G. Juss. Six Paul Chater, way or another, with the exception of the her material development and consule could not have been placed in more Hon. Mr E. A. Howeth, Hon. Mr E Colad

reform alongsoni

Enancial lines, free froi apable hands. (Cheers), Mino of Canada, "Osborne, Ho Kum Tong, Fizullay Soth, are expected to pruce some three st, receive added strengtetion of bir G. Friesland and Mr W. Lagan -J. W. Tomar, J. Baaton, J. A. Fhumer, four million ources in oxcess of port from the known view of Die

which politics or teritorial designs of

J. Montague Elo, H. Huaphreyn, W. A Laker, Ellis Kadorie. D. Haski, T. E. Peirce,. T. F. Hongh, A. Rodger, J. M. E. Machado, H.. I. Dennys, Sr., Il Fuck, Dr. Satindera Sir Honnusjes Monly, Hon. Mr II, E. Pollock, K.C., L.A. Chigh, F. Maitland, W. Horton Potis, EJ. Grist, W. Purcell, W. E. Clarke, ti, Tin ontinues to hold first place in-kun of £4,800,000 for the completion of the

their last year's output. In the Straits American Gutenuens; and we may feel Settlements and Federatel Malay States that the Chinese Goverment will presently realise that the solution of the mining, agriculture and trade genomlly difficult financial problems by which it is continue to show satisfactory progress now confronted can best be sueured by ca- There is considerable increase in the operation with those nims. export figures, uninly due to the larger export of rubber and the enhanced prica of

As regarda actual results during the past year, I have to record the con- cassion of an Anglo-Gerinin supplementary

The motion was carried unanimously. Mr A. H. Ough proposed that the cleo-

as directors be continued and that Mr II. A. Siobs, Mr R. Shewan and Mr G. Balloch ho re-elected directors,

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Mr C. II. Rass recorded and Lire nction WATKINS'

was unanimously agreed to.

On the motion of Dr. J. W, Noble seemed by Mr C. A. Tomes, Mr W. Hutton Polts and Mr J. W. C.. Bonnar were re-elected Auditors,

The Chairman: That is all the Isiness, ta gentlemen, I thank you for your attendance.

C. D. Wilkinson, A. Bryer, Dr. J: W. ? the staple products of the Malay States but Tientsin-Pukow railway line, a line likely the dividend warrants will be ready un

Griffin,

The Chief Manager read the notice vening the meeting

The Chairman said:-Gentlemen, Your

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of the

in which

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to-day.

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THESE. MAKERS'. ENJ | "GINES".SECURED THE GOLD MEDAL" AT THE FRANCO- BRITISH EXHIBITION. NEW LONDON; AND AT THIS WINNING KIDG TION, CANADA.

shareholders of the Hungkong Hotel Co., The ordinary ill-yearly musting of Ltd., was hold at the Company's Hotel.

the were nisu present:«D. J. W. Noble Harr Wr E. Osborne (directors), Mossrs M. S. Northcote, E. W. Torrey, A. Bryor, A. F. Davies, J. H. Taggart, She Po Shan, La The Lesson, by Gertie de S. Wentworth Awarded the £1,000 Prise offered by the War Offes for the Bash Midtary Trastor Cham, Fung Tat Haug, Ellis Kadooric. E. D. Baskell, W. E. Clarke and C. ALooney

Sector having road the notice

"removal of the rafting on the cling

Government. Negotiations for the com recently been reopened, and it is hoped pletion of the arrangement, have however, that the desire of all parties to bring this tax conclusion, my result in early and

appears

-S Word The Ather by Victoria Cross was the

High Water Mark by Forms Humo The Little King, by Charles Major. Carina by Edvard Noble. Dorinda and Her Daughter, by Iota.'

-James

The House of Silence, by Evelyn Everett

Green.

.............

The Disappearance of Nigel Blair, by

Florence Warden. The Marringe of Count, Malorto, by D.

An Empress in Love, by Fred Whishaw

Hugh Price.

The Love of Kuuma, ug Bal Krishna, Fancy Farm, by Neil Munro.

with an introduction-by-Victoria Cross,

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20 line le at this time lasi-gear, ríz:-á l ́in tradių niny now be looked for. The low long deferred tisfactory settle there were in longkong, for baild- The Mulberries of Daphine, by Kate Korn, Prices, Stock List, and full particulars on application.

be of inmense importance in opening up Nobis, Mr Murray Stewart, W. C. Dit has a growing rival in ebber which may the worth-eaten provinces of China. Monday. Digner, P. II. Thgang, W. A. One, W, some day challenge it for the pronnier posi- of this amount, a sum of £3,000,000 wax Danisir, Chan Kaj Ming Chun Tungtion in trade figures, —-

rently issued the Berlin and London From the great rice pronoing countricate affonds proof of the high place which Yung Hing Tong, C. S. Gubbay, F: A.

and the satisfactory result of markets,

this! Gouws, Wong Leung Him, C. Peaberton, Burial, Sinto and Cochin China, last year's Chinese credit continues to hold, and of E. Chandoxboy, D. II. Silax, Lo Cheung experts were all up to the average, and the the demand for Chinese bonds which are Shin, J. W. Taylor, IE, M. H.- Nenas native cultivator must have done well.

accompanied by the guarantees in bajas Dz 1.0 Stowa 1 E SEUL PEGELS for the current season ACU ↑ "TİU

reported tp be favourable, with the ex-

Railways, or fcrtion, perhaps, of thure of Siam, where

Canton : ողվ

Hukow-Szechuan lines lying the field in extinted to show a falling of writhin the provinces of Hupei and Huun, but results are so dependant on climatic has not venced greatly since your Chair emditions which auy vary from day today marspoke to you on the subject list year. directors are confident thuit the report thi, in places where vificial figures are not discussion has in fact been a

suspended i statement of accmints for the half year supplied, forecasts for rica barrets lunion the subject and a

pending an abatement of

of provincial ending 31st December last now sultuittel not be taken to seriously.

calties known to confront the Chinese to you will be favoumbly received. - Wo

In the Philippines the feeling is gaining are fortunately again in 'n-position to re-ground that the long period of depression comment a distribution of profits similar is passing and that a steady improvement

dividend of £2 pur-share, a-bums of 2 = júrice of hemp and sugar is no deatht slure, and 893 Ines to be added to the silyar atlecting the purchasing power of the reserve fund. We carry fowl82,039,151.ires, but, as sunte set off against this, 91, assert the same amount as brought into better prices have been obtained for capra the accounts frph the previous half and the export of this product insteality You will notfeu from the report that urinering. holings of £1,200,000 Consols in the Advices from Japan lead us to believe sterling reserve fund investments have that expansion in the internal trade of been written down from 80 to 78, this that country my ren-onably be expected. reducing the value at which they stand in part figures for the past your were the wur innles by £12,000, T effect this and highest an seort while import signes who at the same time keep the fand at its fall | showed considerable increase in comparisons vahie “of £7,500,000"it was necessity to purchase further suurilles mul a portion of the half-year's profita was utilised for this purpose. We invested in £15.000 3 per cent. Exchequer lands, due in 1912, bought par; the difference of £4,000 being used as further argia in the book value of our other Sterling securities

yen,

mer, buge imports of rice have been contmeted for, but fall crops of other kinds have been harvested, Throughout the your the silk market was active and, though producers had to accept rather

ment.

The whole of the British section and

which you will see from the statement of lower prices, the number of bales of raw favecutive won the Eent you will should not be what the dividend |

hi

On the motion of Me Bryer, deconded by Mr Teney. the Hon. Me E. Osborne was re-elected to the Directorate.

A Gentleman of Leisure, by G. P. Wode- The Heart of a Maid, by Charles Garvica

house.

DES VEUX ROAD CENTRAL, Opposite the Central Market.

- un

GRAND SKATING CARNIVAL,

TUESDAY, February 28, from 10 to 3.31.

Tickets 33 cact

LADIES FREE. Hongkong, November 29, 1910

1441

THE EDWARD DISPENSARY,

The Chairman said:-Gontiearon, -Witl your permission we will take the report under review we only had the use of and accounts as rend. During the period portion of the now wing (south block) wingo late delivery of the building

delays and i next to impossible, inga to be completed in contract time. part of the Chinese section of the milway Now that the new wing has beeu been hot ween Kowloon and Canton have recently spend the hotel is a better position. bem opened to traffic and within a fow

it is probable that unins will le: travelling public, and 1 fool sure that with The Unknown Tomorrow, by William Le

to cater to the requirements of the running over the entire length of the line, an up-to-date establishment as ours now is, Quex. Important however as this line, in itself, we should be able to secure the bark of the The Human Churd, by Algernon Black

before its advantages can be fully felt, trade, even though the competition is very His Hood, by Elines Glynn must be constructed, the trunk line between Canton and Hinkow

great. While we can get money at. .6 pr accomplished there is no doubt in my mind or the 8,000 new shares, your Directora Madura Mystery, by May Crommelia,

When that is cont, we bare not called up the $25 liability Fallen among Thieves, Stanley Portal

Bratt that great material benefits will recrue deeming it more advantageous to share Pan the faller, by Halliwell Sutcliffe. beth to this Colony and tą Canton. holders generally not to do so. In ro-

I I mentioned. when we last met, Mr T.commending the appropriation of profits, will those of the provious year. Owing to R. M. Sinith's departure from the Colony your Directors bare departed from their the failure of the rice crop in some distant his VICTORIA SKATING RINK, tricts, caused by the heavy Boots of huston regret at his subsequent retirement for writing off, and have, stretched

I know I voise not only the feelings of my point in farour of maintaining the colleagues on the board but those of all same dividend for the reason that shareholders and of the Staf Mr Smith the working account has been burdened balk, The successive reports sinec he nature in connection with the opening of has rendered invaluabis services to the with expenditure of non-recurrent took over the Citief Mangership in 100g the now wing. These remarks are prom, ted record the able tanner in which he controll- by a suggestion made to the Directors by ed theatre of the Bank. Although we lose a shareholder

services in

a suggestion which accounts, now Autount to £340,000 written ilk exported during 1910 was by far the pleased to hear that he has been inviter has not in the slightest degree intanuced -xdown to £287,100. - All these investments highest ou record. Money still retains to occupy a sent on the London Conmmittee their decision. Before moving the adept her a fair margin on entrent prices cheap in Japan, commercial discounts. where his experience and knowledge of loa of the report and accounts I shall he

to awer any questione. prices which, I think, any be looked ning as low as 4 per cent p. a. during the Eastern Banking will be of great value to pleased

us. Mr N. J. Stabb, who has been dating There being no questions, the Chairaan was at a low level for the gilt edged stocks hater part of the year,

in which the sterling reservo, is invested

In May Inst the Assinted Banks in Chief Manager during Mr Smith's absence, moved and Ir Vorthcote seconded the has been apponital chief manger. He adoption of the report and accounts- The figures in the balance sheet compared London, of which this Dunk is que, commands the inplicit confidence of your Carried.

suotesfully floated a 4 per cent Japanese shareholders generally. (Applause)

| dircebom, uml I think nydd, of the with those of a year ago do not exhibit clauges su marked as to make it necistry | conversion loan for £11,000,000 and they Bofore moving the adoption if the report for me to take you through them but if have recently issued a further an at 4nd acounts, is presented, I shall be an inference may be dravo, they point per cent for £6,000,000 for the Sith

pleased to answer any questions you may put the Cluir. #idlo dances having found Maneliarian Railway Co. guaranteed by There being no questions the Chairman "profitable employment, in the ordinary the Imperial Japanese Government, which yed the option of the Heput and

The Chairman. Gentlesion, that cou «channels of trade. Results such as lave en also met with success.

Statement of Act, as presbite

clades the business of the meeting The Hon. . H. Hevill sud-Having Dividend warrants will be ready on Man been placed before your for sue fiau past! So far as Hongkong and South China are been asked to second the report and ne-day, to be obtained on application at the are proof of the cable way in which concernel the show but andat improve counts I need hardly way I bare much Secretary's office. your interests are lokal after, and your went in trade was maintained, and the associated with such an institution as the

pleasure in doing so

so as it is privilege to be directors felt that in again voting the staf Chinese New Year settlement posed of Hongkong and Shanghai Bank which year Ja 10 per cent, bouts on their salaries they quietly both here, and in Slunghi, after your can continue to place before its

would only be anticipating your wishes. Prompts fur the present year kruusidor natinfactory a balance sheet. Two Collisions Narrowly Averted.:

| I will not attempt to follow the Chairman am sure that our action as our approval.jging and I am glad to say, that in all the details of His alde and wom

Allan Hugh Stewart, master of the 5.3. there is a better feeling in the shippingprehensive speech which Jus ng clearly -KApplause); ----A -Year-ago my predezevmir

in the chair expressed a

world, though at the moment the plague set forth the very rent and yersified Bauman, charged Hanzo Murayama, moster in the North enste an element of un-nature of the work carried on by the of this. &. Taigi Maru, before commander "opinion on the prospects of trade which corality over the namelita future. We points to which I will venture to direct

Bank There are hosesen one or two C. W. Beckwith, RN at the Marine -Lam-gul to way is to all sympathise with Chim in this trouble special attention. Für runsons which 1 Court this morning, with unlawfully failing extent been realized. The improvement that lens conis apon her in the North and think we only too well understand, British to observe the rule of the road. in the Home trade has legen, which is causing not only surious we lower point than they have been for a great for Satow and when of the cast of Ninepia

Consols are, or were, a few weeks ago, at n British exports and imports slow a marked revenue and trade but also in the lives of

Complainant stated that beleft Hongkong advance on those of the previous year, u

number of years. The wise and couserVR- her people. Energetic ensures are being tire amaner in which the Bank is controlled Island he set the proper course and left the advance which appears to be due not only taken to stamp out the disease and advices in keeping its securities written down to bridge in charge of the Third offer. The to a higher level of prices but also to an indicate that its sprend is being arrested.

Catil further orders parades will take low gure is fally demonstratexi actual increase in the volume of trans-

by thig sutions. Credit throughout the year has weather the scourge may disappear and out of carrent

Let us hope that with the nivent of warmer valite of Consols has been fully inet Duigi Mares was overhauling them and every Tuesday and Thursday at 5.30 p.m. et that this further shrinkage in the Second officer called him saying that the place on the Volunteer Parade Ground

been excellent and budnes. Tho delay ifi pussing the Budget and the unconditions in Manchuria assuré a normal six months. This thread the past passing too close to be safe. He went ap

thoroughly sound system extends. Ibaliere, through the whole of the immediately and the vesick on his work of the Back and thus we are able to port quarter about thirty yards distant In August last I referred to the crisis in feel that while there is no falling off She went ahead and crossed. On the return in our dividends full provision is being journey from Swatow to Bongkong when which may be made in the wares of ten miles from Wagian lighthouse the made to meet say and every sudden cl the Bank, such as must from time to time Daigi Muru overhauled them and came up occur in the history of an institution much azide special reference 14 milway extension starboard to avoid immediate collision.

this. (fear, hex) The Chairmant in close that he had to put his helm to

Earnble

state.

isual issue of Treasury bills, mounting at one time te the unprecedented betal of £41,000,000, necesitated by the the Native money market in Slaghai and delay in the collection of taxes, produced the consequent restriction of facilities by Tese dipfiárisance in the London market than the Native Banks. I am glad to be able might have been expected. The supply of} to lull you that trade, emlitions at that mney has been neply, and de-home true peut now show noise improvement: although Ins been carried on antramelled by any Native stealers still experience difficulty in in China and I am sure we all entirely excessive fluctuations in either the ask thancing purchas. Crops, however, hay the market rates of disunt. Although I have not Getual figures to refer to. I think en good all round, we may expect to an improvement in trade has been generale easier conditions ruling in the nor

advinbility, not to say the terity, endorse what he disponi·as tai the

the Kowloon-Canton line wing extended to Hankow, thus linking is with the vast and; ever-expanding railway which, for a long, hortened the markets anglis ad brunih if Anint. The exten in Shanghai and Dho Juzi, hussion to which reference has been been moved off; figures are greatly

funde Dr Colony Tant

throughout all western countries. Turning The weary stock of pure system which now extends throughout the

towards the Bust we find that in India prcepurity during the financial you an dwing to a close propuires to equal,

will unti benelt utraly

າ.

our neighbours in the

China and we hope.

of

Bir Taggart proposed, and får Daries seconded, that Mesars B. C. Jeffries and 3. R. Lowe be re-appointed auditora. Carried,

THE RULE OF THE ROAD.

defendant manicured this vessel is to hoa His Worship found that for no reason

danger to the Haisun...

Defendant was used $150 or three months imprisonment with hard labour.

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PATENT MEDICINES. PRICES MODERATE. 69a, Queen's Road Central.. Hongkong, February 9, 1911" 194

VOLUNTEER NOTES.

H, K.V.R.

TARADEM

VOLUNTEER INSTITUTE,

It is notified for information that all menibars of the Reserve are honorary members of the Volunteer Institute.

THE BISHOP OF VICTORIA,

The Rishap of Victorii haa just retširnei.

the Church work in Pakhoi and inland. from a three weeks' tour of inspection of

fetitions between that southern part and the West River. He has a full list of engageinenta for the next for depa" Tô- morrow(Sunday) he is to preach at St. Julin's Cathedml at 11, the Volunteer Church Parade Service, and to hold a confirmation Chinese Church, Karbon at Holy Trinity, old City, at Early on

Monday morning he proceeds from Canton to the The following is the League Table up to Tang Taing District, on the Est River,

Club

SPORTING,

League Cricket:

when there are many hundreds of Christions ant onquirers. He will there dedicato na Ancestral Hall at Sha Uen and hold four com Azuations at different places. After that. 50.00 he will inspect the missionary worke 10.50 ton. From March 7th to 10thin contoreros 4644 of the Church Missionary Society Euro

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"Wine & Spirit, Merchants. КОКСКОКА.

MELESS BARSTEIG MONDAY,E)|

42.85 an agents is to be held at St. Paul's Over Sixteen year's reputation for con

nut urca to surpass, that of the previous reduced, some of the principal lines to adjoining provinces one, which ends with a surplus of exports a point lower than lind, bocu peen for to see it accomplished at an early date, As over imports of sonic £17,000,000. The the last 8 years. Orders, tempered to one were in n most critical position, particularly date

we all know last Autumn affairs 50 the North - couldó advantage of bountiful barvests and extent by the high level of manufacturer in Shanghai, where it was feared t high prices for her principal export com-price, are going forward, and I think we ond time a serious and far reaching collapse modities which that country s oceived have good reason for anticipating a rich in the general credit of the community

ices in a position to be a good layer healthier truly than we are seen for a miglat is taken place. Speaking entirely ft. E. & Dept.,

an un castirler, I might almost any anim Yorks in the markets of the world. The Indians them. This improved state of affairs partial spectator, of what was taking place, D. A ton trade sppears

Gmina were flourishing us, to a certain extent, been lost sight of it was plain that the huunes continuity Civil Service condition than for many yeary pant, but by the public nt urge, as it was ever the most serious crises which has arisen Elemanla

of the Far East was passing through one of Kowloon regret to ty that the ill industries in lowed by the financial crisis which in the lustory of the stem tende. Hongkong 1” Tombay and Caleuths are not participital followed the collapse of the rabber boom latine that an overwhelming donater Craigongower in thu genem pmpority I hop E

in the Shanghai market. This crisis un was ultimately prevented langely by. Polica of recovery in dathelyzetarded the general recovery and Shanghai Bank was thus Indled and thable manner in which the Hongkong Danny non-hear

that Important direction. The elreu.watch beginning to take place, but by the ecurge and skill with which the lation of wiki in the country is the pet and rond-minded anger in Mangement stappol to the breadh, For the ansand successivo year the small undoubtedly increasing, but it is difficult which thu situni walent with had the honour of singing the report naues Corp (Comiting nt curs and (Hear hoar), On the let counion on whjelmugkong dachahmens of the damy "Ord- to my at present whether this is due to the effects were furtunately minimised and and accounts we joined in sleploring the 33 men) mere flro Shooting Cham two prosperous years just experienced or to trade was able to be carried or coles of our dear old friend The Luck of pigship of their Corps. The trophy is WHY Miller froin pain intermou

tendency on the part of the natives to que partively unhampered, egairu wak, instead of silver, an formerly,

Sbooting.

41. College, and on March 11th H.. tho 44060 | Governor will lay the foundation stone of 36.28ths extensive now wing and chapel tub, is 30:00 being erecteil as the Chiloge: The Bishop 15.38 (and Mr Landar havo "taken hertaw on the 15 and O-Mail steamer - Marmor, on March 18th-and-froni", which - date they expect to be thadut from the Colorfy shout. six montávala porte

Honghong while we come ourselverunuds me Shield presented by Major with the thought that tibi place was ki bo w Genors: F. E. Mutelly, C., 4.6.D., War. Ir. Herod his remarks to you at wellily filled by the Chief Manager just Chiloe, and la competid for by toms from This is a matter which his a considerable this time last year. Your Chaithan referent audiated by the Vonn man pandall Compatties and Ditachments of the aring on the future of adver, in face, to the sbite of railway development in fumi, în bil- 'tum," "Me" (J. R.-M. &. 0. Corps at komo, and shenad, but,

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EFHONE No, 135, Hong

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