Page
WEDNESDAY, MAY 21, 1919.
COMPANY MEETINGS.
THE CANTON INSURANCE
OFFIOT, LTD.
cign to view the half hearted NOTICES TO MARINERS. attempts made by the Chinese. them- selves to settle their differences and put their house in order. In fact, one is forced to the conclusion that those at present in authority find a state of unrest so beneficial to their
The 38th ordinary yearly meeting of the Canton Insurance Office; Ltd., a pockets, that, in spite of the was held in the Ofices of Messrs. very evident danger to their mother Jardine, Matheson and Co., at 11.30 cards in such a manner as will ensure country, they deliberately play their this morning.
Mr. J. Johnstone presided and thereof the game being continued Neither were also present the Hon. Sir, Faul Party appear to be better than the Chater, CM.G., Sir Robert Ho Tung, other in this respect, and while they Messrs. A.H Compton, F. Maitland, continue the quarrel for their own TE. Pearce (directors), Mr. F.C.immediate benefit, others step in Hall (acting secretary), the Hon. Mr. and take what they want, well know- no one in this Ho Fook and Messrs. Ho Leung, ing that, there M.H. Lo, R. F. Mattingley, A.F. el Country to oppose them. Arculli, G.C. Moxon, E.D.V. Parr, Ho Kwong, H. Perey Smith, AC Davidson, G.W. Barton, J: Arnold, D.G.M. Bernard and Chin Siu Nam (shareholders).
After the secretary had read the notice convening the meeting, the Chairman said—
Gentlemen,The Report and Ac counts have now been in your hands for some days and I will therefore with your permission take them as read.
With regard to the proposal to reduce the Hability on each of our shares by the sum of $50, the circular letter dealing with this matter has been in your hands for some time past, and I feel sure that the advis ability of this measure will appeal to
you.
At
the Consulting Committee Meeting which will be held at the termination of this Meeting sanction will be sought to make a call of $50
MIN-RIVER-PAGODA ANCHORAGE,
THE CHINA MAIL.
CHINESE SHIPPING ENTERPRISE.
Among the suggestions placed. before the Peace Conference which
TO-DAY'S ADVERTISEMENTS.
WANTED.
Notice is given that a red Spar has suddenly broken off its sittings WANTED-For The CHINESE Buoy has been established on the at Shanghai by the Commercial ENGLISH SCHOOL of JAVA, extending to the eastward of Losing unions, these relating to the foster-15 saunally Free quarters, food, ato. south-eastern edge of the shoal Federation representing 55 trade Salary (Senior Local) 110 guilder rising TWO RESIDENTIAL MASTERS
Island, Pagoda Anchorage, Mining of the shipping industry of the Free page Applicants must bo River. This Budy is moored in country are worthy of deep consider Chinese, and accustomed to Sports 17 feet of water, and from the Buoy, ation Watters Rock Beacon bears N. 71° E.,
dustion preferred Students who have jast Bnished their distant 43 cables.
Apply with tatimonials up-to-date to TAX GURU, cb "CHINA MAIL"
All bearings given are magnetic, and depths are those of low water of spring tides.
TUNGCHOW-VINE POINT
BEACON LIGHT.
CORRECTED POSITION. Notice is given that the position given therein for the Vine Point Beacon Light, Tangchow, Yangtze River, is corrected as follows
The Vine Point Beacon Light has been moved 1.8 cables S.B4 E from
per share in respect of monies unpaid fts former position. From the new We meet to hold this our 38th on the shares held by members of position of the Beacon. Langshan Annual Meeting under much happier the Company, and, if obtained, aPagoda bears N. 68 E., distant 1.6 auspices than has been the case on further sanction will be sought to miles.
All bearings given are magnetic. the past four occasions. The con- the payment of a special dividend of clusion of the Armistice last Novem-$50 per share out of the Reserve ber, and the approaching settlement Fund. This special dividend to be of the terms of peace, bring to a .close a period of tension which has tried as all severely both privately and commercially.
payable the day following tha: on which the call becomes due.
SALE OF ENEMY PROPERTY
AT SHANGHAI.
Property formerly belonging to Dr. Birt, Mr. Th. Meyer and other any other subject that calls for men- enemy subjects in Shanghai has tion by me, but I shall be pleased to been sold at public auction. The answer if possible any question most important parcel was the arising out of the Accounts which Meyer property, consisting of over shareholders may wish to put after 12 mow at No. 452 Avenue Joffre the accounts themselves have been seconded.
The proposition has received the careful consideration of your Com- The figures we now present disclose mittee, and we trust that it meets an era of prosperity, resulting in awith your approval. surplus for the year 1917 which is Gentlemen, I do not think there is by far the largest in the history of the Company, and this I think you will agree is the more creditable when the difficulties with which we have had to contend are taken into Shortage of Staff, consideration. both out here and in London, delays and restrictions in cabling, and many other disabilities, have tended to make our work more difficult and laborious than in former times.
The premium income for the closed year of 1917 shows an increase of $900,000 over that of 1916, while the amount of losses has only risen by the sum of $120,000.
Turning to the year 1918 we find that, though the premium income is one million dollars less than that for 1917 after a similar period, losses also have fallen by the sum of $800,000 with the result that, in spite of the heavy drop in income as expressed in dollars, the balance for the year 1918 as on the 31st Decem. ber, is only $70,000 less than that carried forward for 1917 on a similar date..
There being no question I now propose the following resolution -
That the Report and Accounts as presented, including the payment of a final dividend in respect of the year 1917 of $12 per share, and of an
interim
dividend in
respect of the year 1918 of $18 per share the addition of $500,000 to the Sterling Reserve Fund; and of $679,155.28 to
the Underwriting
Suspense Account be adopted and passed."
Mr. E.D.V. Part in seconding the adoption of the report and account as presented, said he wished to congratulate the manager and staff on the excellent results of the past year's working and the sound position of the Company,
The resolution was carried un-
with modern dwelling house and other improvements. spirited bidding, starting at Tls. After some 35,000, the property went to Mr. H. E. Arnhold for Tls. 52,000. Dr. Birt's property, consisting of some thing over 2 mow on the Route Ferguson. was sold for Tis. 1,800 to Mr. H. Y. Chai. Property formerly held by Mrs Koeppe, at 451 Great Western Road, went to Mr R. E. Kadoorie for 11s. 16,000 and a 4 mow-odd plot, belonging to Mr Kirchner and situated on Rue Francis Garnier was knocked down to Mr du Pac de Marsoulies at Tls. 3,500.
FORGED OPIUM LABELS.
A Chinese woman stood in the dock this morning on a charge of The Hon. Sir Paul Chater, Sir unlawful possession of 29 forged Gov Robert Ho Tung, and Messrs. H. Pernment labels. White, C. S. Gubbay, F. Maitland,
may mention that this fall inanimously. income for last year is very largely Que to the still upward trend of Sterk ing Exchange, our Accounts being presented this year at 3/4 as against
3- for last year.
A review of the Balance Sheet wil: show that our Assets both in Sterling, and as expressed in local currency, represent a considerable increase over those for 1917. The only item which calls for special comment is that of British, Indian and Colonial Govern- ment Bonds and Stocks, which has risen from £387,000 to just over £600,000, this being due to the continued investment of our surplus
funds in Wor Loen.
and evidence was
Mr. D. W. Tratman, Superinten and A. H. Compton, were unanimous dant of Imports and Exports, ly re-elected directors of the Company prosecuted, for the ensuing year on the proposal of the Hon. Mr. Ho Fook seconded by Mr. J. Arnoid.
Mr. T. E. Pearce was confirmed as a member of the Board of Directors and of the Consulting Committee.
given by Chief Revenue Officer Wilden to the effect that a raid was loon, where a boz containing the labels was found.
effected in No. 2 Carton Road, Kow-
After further evidence was adduced, default six months' hard labour.
The first resolution, referring to the promotion of the shipping industry,
says:
We cannot hope effectively to promote a large foreign trade unless we organize an adequate merchant maritime fleet. Again, we cannot successfully build up such a maritime fleet unless our government is pre- pared to back up such efforts with substantial financial help. The China Merchants Steamship Navigation Company was started at the same time as the Japanese Navigation Company, each with about the same number of ships. After a period of thirty or forty years, the standing of the two companies is totally different. This difference is due to the fact that the China Merchants Steamship Navigation Company-has
PUBLIC, AUCTIONS.
ȚIE Undaraigned have received Instruc tions to sell by Public Auction, (For Account of the Concerned),
ox
May 7, 1919, commencing st 2.30. p.m., their Sälen Rooms,. No.. By Des Taux Road, Corner of
TURSDAY,
Ics Hose Strost,
Pillow Cases, Double White Satin Quilts, Linen Damask Serviettes, Glass Cloths,, Bath Towels. Face Towels, da, do
DBAWNWORK:—Bedspreads, Pillow Cases, Tray Oloths, ir de
EMBROIDERTES:-Bedspreads, Table
A QUANTITY OF OBETUL-HOUSEHOLD LINENS, been, and still is a commercial | DRAWN WORE, & EMBROIDERIES, enterprise under official control which [47, Comprising corruption and hopelessness. More Dimble Plain and Hemstitched Sheets combination. bespeaks all its evils, HOUSEHOLD LINENS:-Angle and
over, the government has not given | the company any protection or subsidy of any kind. It has been exceedingly difficult for that company to maintain its own, not to other shipping companies. In order say successfully" to compete with to develop our shipping enterprise, abroad, we request our government quickly to instruct the Ministry of Communications to devise means of improving our shipping enterprise, government should give to these and provide a scale of subsidy. The companies, it formed, not only ad- equate protection but also suitable subsidy which will give them adequate
strength and insure success.
41
Cortes, Tes Cloths, Ranners IR by 54 in.
Algo
y
A few lots of Buit Cases and
Attache Case (All new goods and small lots to suit purchasers).
!
(Fall Particulara from Catalogue). Tarms:--Cash.
HUGHES & HOUGH, Auctioneers. Hongkong, May 21, 1919.
(For Account of the Concerned) - ON
TUESDAY,
May 27, 1918, commencing at 2.30 p.m., at their Sales Rooms No. 8, Des Var Road, Corner of Tea House Street,
These words should carry consider- able weight with officials of the Chinese Government were there any disinterested enough to listen to and act upon them, though it is not so much subsidy for the encouragement of navigation that is required as the cessation of that interference and supervision" the only result of which is to assist in the lining of same officials' pockets at the expense of the shareholders or shipowners.
A LARGE ASSORTMENT OF It is well
the known that Chinese shipping companies did not TEAKWOOD AND BLACKWOOD welcome the official supervision that FURNITURE, BRASS AND BRASS. has been thrust upon them and that MOUNTED DOUBLE AND
TWIN the form this supervision, takes is not BEDSTEADS, CURTAINS, CARPETS, a watchfulness that the vessels should
Day By and run with the greatest efficiency. be kept up to the highest standard
Comprising: and economy for the beneft of the Chesterfeld Sofea,
Azm-chairs but rather a demand that the officials labies, One Upholstered Suite, Bedroom shareholders and the country atlarge,(now) Folding Card and Occasional concerned should have access to the Furniture, comprising Teakwood Twin books of the companies and so learn Bedsteads, large and small Wardrobes, just what proportion of the profits it! Dressing Tables, Washstands, an would be well to claim for their own (famed Teakwood), Bidsbomeda, Dinner
The other form of interference,
Messrs H. Percy Smith and A. R. defendant was fined $2.000, or in perhaps involving more serious los gons, Extension Dining Tables and f
j
Lowe were re-elected auditors for the ensuing year with a remuneration of $750 each on the proposal of Mr. G. W. Barton seconded by Mr. Ho Leung.
Our Funds are all in a healthy condition. The Investment and MESSES. GANDE PRICE & CO. Exchange Fluctuation Account shows
-
Chairs, ke,Dinner Services, Crockery, and good Glass Ware, Cooking Stoves, Cutlery, &c. Bath Room Utensils, Electro-Plated Ware,
Electric Beading Lamps, Black- wood and Teakwood Bcreens, · quantity of Blackwood Furnitaro, Blackwood Fire Screen, Side Tables Chalis, Cabinets, Fictures Oil Paintings, Reveal Carpets new
second-hand.
and
Alsd Colland & Collard Piano (good tone),
(Full Particulars from Catalogue). Terms:-Cach.
HUGHES & HOUGH, Auctioneers Hongkong, May 11, 1919.
to the shipowners, is the comman dearing of the vessels in times of trouble by either side with utter dis- may adversely affect the earnings regard to the rights of the owners or of the Company, therefore it is the service of the trade on which as well to consolidate the re the ships are running. One has sources of the Company and only to look back to the com- an increment of just over $200,000,
be prepared for any emergency mandeering of a vessel on the sou- this being due to the appreciation of The twelfth ordinary annual meet-
The next item on the Report shows thern run some two years ago by securities generally, and to the ing of shareholders was held at the 3 bonus of $5,500 to the staff which the Southern forces and the equally favourable rate of exchange Company's office, at noon to-day.
I am sure every shareholder will unjustified seizure of several Chinese ruling between Hongkong and The Chairman, Mr. Chan Kai as it is due to their labours that Northern, in both cases without the
agree with
me is well deserved, steamers on the Yangtze by the Shanghai on the 31st December last. Ming presided, others present being we have been able to
You will notice from the Report Messrs. Lau Po-wing, and Hon. M. such a splendid report before you. owners and, it is suspected, without and Croquet Bet. &c.
place slightest regard to the wishes of the that Mr. T. E. Pearce has accepted Lau hu Pak, directors, Mr. S. C. Pank, The balance of $5,719.98 has been adequate compensation for their use the invitation of the Consulting Com- managing director, Messrs. Leung carried forward to this year's ac having been made, to realize that the mittee to join their number, and I heartily commend his election to Razack, shareholders, and Mr. C. stating that with such a substantial Chinese flag, at the mercy of whose- Yan-po, Chow Jung Sang and M. A count, and I have no hesitation in business of rurning ships under the
The surplus to be dealt with is
reserve at our disposal, we shall be ever is strong enough at the moment $1,479,155.28, out of which has been hour called for the holding of the back that may occur in our future nor a profitable occupation..
The Chairman As it is past the in a position to withstand any draw to seize them, is neither a pleasant paid an interim dividend of $18 per meeting, i will ask the secretary to read business transactions. share leaving $1,299,155.28, and we
Gentlemen, It is apparent that the great desire cow recommend the payment of a
with these few remarks, i have much of the Chinese shipowner is not a final dividend of $12, the appropria-pany then read the notice convetinn of the report and statement of ac him severely alone to run his ships Mr. Bond, secretary of the com- pleasure in proposing the adoption subsiby but a policy that will leave tion of $500,000 to Sterling Reserve the meeting after which Mr. Chag Fund and the carrying to Under Kai Ming said:
counts.
as seems to-him best, with only that writing Suspense Account of the
Mr. M. A. Razack in seconding official control that will result in the balance of $679,155.28, to close the
manning and upkeep of the vessels year 1917. This last amount is con siderably in excess of all previous like appropriations, but our operations
you.
Bond, secretary.
the notice convening the meeting.
Gentlemen:-The Report and State said: ment of Accounts for the year
ending 1918 having been in your the report and accounts with which ping and Engineering
I have great pleasure in seconding being maintained efficiently-Ship- Bands for some time, I propose, with I am sure the shareholders are your permission, to take them as satisfied. It is indeed an exception-
in the year in question having been read. It gives me great pleasure in ally good year which this company large, our provision to meet liabilities stating that the pet profits for the has not seen for a long time, attaching thereto must be propor
under view amount I sincerely hope that a similar result if
tionately greater.
year
It is early yet to say much-ábout / 80,106:96, which must be very not better be obtained for a good{ 1918, but as already stated the constitutes a record since the forma-result is undoubtedly due to the hard gratifying to the Shareholders, as it many years to come. The successful balance of $3,151.180.78 is quite tion of the Company. After adding working staff who deserve the bonus satisfactory, and fully permits of the the balance of $3218:02 brought for recommended. payment of an interim dividend of ward from credit of Profit and Loss $18 for that year,
The Chairman.The next business Now Gentlemen with fegard to the Account for 1917, it makes a total is the election of Directors. future, as we return to more normal Directors have appropriated as shewn pleasure in proposing that Mr. Lau credit of $83,324.98 which your Mr. C. Bond. I have much conditions competition is bound to become extremely keen, such com After paying a dividend of $1.00
on the Report now in your possession, Po-wing be re-elected a Director. petition must be felt even by old and
Mr. Leang Yan-po.-I second. firmly established Companies such as share
per
which this, and although we have little to fear from such competition It stands to reason that we should be
•
TO-DAY'S ADVERTISEMENT.
PUBLIC AUCTION,
THE
Undergrad has recird instrus Hans to enll by Publia Anction,
MONDAY, May 86; 1813. commencing at 11 am.
at E &G godowns of the Hongkong will absorb The Chairman-Those in favour?& Kowloon Wharf & Godowe Co., Ltd. $18,105, your Directors transferred Carried unanimously. $14,000 to General Reserve Account.
FEE LOODUST OF THE CONDEREKO) Mr. S. C. Pańk-I beg to propose This amount together With that Messrs. Lowe, Bingham and 150 tons Round Mild Steel Bars. prepared for a big shrinkage in our from General Reserve Account remuneration of $750.00.
the $6,000 brought forward Matthews be re-elected auditors at a
Assortment as under :- premium income. This shrinkage will in all probability continue until for 1917 makes a total of $20,000. Mr. Lau Po-wing. I beg to second some of the more recently formed They also deemed it advisable to the re-appointment of Messrs. Lowe, Companies find that Marine insuransier $20,000 to create a Stock Bingham and Matthews as auditors. ance is not quite so remunerative, Reserve Account and to write down The Chairman. All in favour? under normal conditions, as they Goodwill Account $20,000. They Carried unanimously. were led to expect; or until the trust the Shareholders will fully gradual opening up of China coabies agree
Mr. Bond. On behalf of the staff that these amounts are I beg to thank you for the bonus us to increase the field of our activi- absolutely essential considering the granted. We hope to be able to ties and gives more room for new high prices at which our stocks have work as hard or harder next year comers. In the latter respect it must been laid down owing to the ab and show just as gratifying results. be a matter of very keen disappoint the past four years. With a return business gentlemen. Dividend war: normal conditions prevailing during The Chairman-That is all the ment to the many business men to normal conditions there is every rants are now ready and can he had in China-both Native and For-
possibility of a slump in prices which application.
10 to 40'}"
20
40'x"
2.
16
++
40" 11/32**
20
18
20
915
"
90
п
40 x 18"
3
40'2 13/16"*.
40'x"
.40x1
40'1 3/16"
-40/1 9/10/23 -
-Torma :—Cash on delivery,
GEO, P. LAMMERT,
Auctioneer.
Hongkong, May 31, 1919,
L
(FOR ACCOUNT OF THE CONCERNED),
ON
THURSDAY,
May 29, 1919, at 10.30 am,
at No. 8, Mountain View, The Peak, THE BUNDRY
Valuable Household Furniture,
therein contained.
Comprising —
8:0
NOTLOES.
LANE, CRAWFORD & CO.
TELEPHONE 1741.
MEN WHO KNOW GOOD GLOTHES will APPRECIATE our
WHITE SOIESETTE
COAT CUT
SHIRTS
FINISHED
STARCHED
NECKBAND ∙AND
SOFT DOUBLE CUFFS,
THEY ARE DRESSY, COMFORTABLE AND REPRESENT A MAXIMUM OF VALUE AT A MINIMUM OF PRICE
ALL SIZES 14" TO 17-
$3.75 each-3 for $10.50
LANE, CRAWFORD & CO.
NEW MUSIC
29
"A LITTLE BIT MORE ' "POOR BUTTERFLY " JUST A BABY'S PRAYER" "HAWAIIAN BUTTERFLY "
"
"SMILES”
ETC.,
ETC.
THE ANDERSON MUSIC COY.
18, DES VEUX ROAD.
TEL 1323
SOUTHARD AND ROBERTSON'S "MAGNETIC"
COOKING STOVES
INSPECTION INVITED
MUSTARD & CO.
4. Di Varux ROAD CHIRAL...
TELEPHONE 1188.
AGENTS in POOCHOW, AMOY, SWATOW and CANTON : BRITISH AMERICAN TOBACCO CO.
COLONIAL DISPENSARY,
TANCY PERFUMES,
EAU DE COLOGNE,
TOILET. SOAPS,
MANICURE SETS.
SUITABLE FOR PRESENTS.
COLONIAL DISPENSARY.
14. Queen's Road, Central,
Talspoons No. 1877.
BURGOYNES Pty., Ltd.
Large Teakwood Hallstand, Morocco SPECIALLY SELECTED
Leather covered Sofs sud Arm-chairs
by Lane, Crawford & Co., Carpeta, Teakwood Cabinete, Sideboard, Dining Tabis and Chairs, Mirrors, &c., roð 4 quantity of SUPERIOR TABLE GLASS--Larga Bodsteads and Cote, Wardrobes, Washstande, Toilet Tabinų.
Aise
Electrio Fans, Fasmelled Baths, Filter, Ice Chest, Ships Lavatory, Wine Cabinet, and a number of lots of Put Planta.
(Full Particulars from Catalogue).
On view day of sale. Texas
Ch
HUGHES & HOUGH, : #Auctioneers, Hongkong, May 21, 1919.
A GOOD RULLATOR THE HOME.
MAKE it a rule of your home to
always keep on hand a bottle of Chainberlain's Colic, and "Diseries. Remedy as a safeguard against · bowel· complaints.. It always cores promptly and no household is safe without it For sale by all Oberaista and Store- keepers.
BURGUNDY.
WINE GROWER®.
TO
HM. THE KING.
Note the Great Reduction in Price:
4
Burgundy Reserve per case 1 doz. Quarts duty paid $20.
2 doz! Pint's
SOLE - AGENTS :
GANDE, PRICE & CO., LTD,
Tel. No. 188,
WINE MERCHANTS,
$21.
« QUEEN'S KOAD, CENTRAL