TENNIS WEAR
Shirts.
From $3.00 each.
Shoes.
From 84-95 per pair.
Sweaters.
From $800 each.
TROUSERS
Cotton or Flannel in all sizes.
Canvas or buckskin Rübber soles.
White or coloured in all weights.
SOCKS
SCARVES.
MACKINTOSH
* CO., LTD.
Men's Wear Specialists.
16, Des Voeux Road.
Telephone 29.
HONGKONG AND WHAMPOA LOCK CO., DTD.
The Report and Balance Sheet for the year 1919, to be presented on Saturday, 27 March reads:-
Gentlemen. The Directors beg to submit their Report and Balance Sheet for the year ending December 31, 1919.
$2,881,700.58
The Gross Profit for the year is
After paying Interest................................$. 216,977.30 671,315,38 96,000.00
and depreciating Plant, &c., by
and paying-a Bonus to Staff of
there remains a net profit of,
and adding amount brought forward as per
last Report vnndame
.....$ 725,410.72 less Interim Dividend paid 7th October, 1919... 239,772.00
leaves available a sum of......
which the Directors recommend to be appropriated as follows :—, To pay a final dividend at the rate of 8 per
ceat, per annum or $4 per share...$240,000.00
To pay a bonus to shareholders of $7 per share To transfer to Reserve Fund ...... To carry forward to new account
420,000.00
750,000.00 976,043.62
$2,386.045.62 Directors-In accordance with Article No. 90 of the Company's Articles of Association, the Hot. Si C. P. Chater, C.M.G., and Mr. J. H. Wallace retire by rotation, and offer themselves for re election. The Hon. Mr. David Landale. Mr. H. P. White and Hon. Mr. Stanley H. Dodwell retired from the Board on leaving the Colony, and the Hon. Mr. John Johnstone, Mr. G. W. Barton and Mr. G. M. Dodwell were invited to join the Board in place of these gentlemen, and these appointments require con The Hon. Mr. Johr. Johnstone has been appointed Chairman for the year 1920.
AuditorsThe Accounts have been audited by Mr. H. Percy Smith, F.CA, and Mr. A. R. Lowe, &.c.a., who retire and offer themselves for re-
C. P. CHATER,
Chairman.
firmation at this Meeting
election.
Hongkong, March 15, 1920.
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING DECEMBER, 31 1919.
To Interest.................
..... $216,977.30
To Amount writen off Plant and Buildings... To Bonus to Staff
To Balance, as per Balance Sheet
By Balance of Working Account.....
Less Rates & Taxes ....
Crown Rent...............
Insurance..........
THE CHINA MAIL
BRITISH AND FOREIGN BIBLE SOCIETY.
HONGKONG AUXILIARY.
The annual general meeting of the Hongkong "Auxiliary of the British and Foreign Bible Society was held at the Halena May Institute, Garden Road, last evening.
The Right Rev. Bishop Lander presided and was supported on the platform by Dr. T. E. Pearce, and the Reva HE. Anderson, and G. R. Lindsay, and Mr. Shuhat Hsu.
CLOU
DORMANT BANK BALANCES.
TOTAL ONLY. £2,816.600,
SAFEGUARDING OF OWNERS.
owner's rights by the Statute of Limitation All the evidence showed that no bank had ever availed Itself of this protection, but the Committee think it would be wiser to make the isw conform to what appears to be the universal custom, and to enact expressly that the owner's rights to money deposited by him in a bank are not subject to the operation of the Statute of Limitations.
Investigations by the Select Com mittee on Dormant Bank Balances have disclosed that the amount of FORGOTTEN VALUABLES.. such balances is much smaller than Evidence heard by the Committee has been alleged. The actual sum showed that there is a very consider involved is estimated at £2,646,170 able quantity of boxes and parcels, In their report the committee state of which the contents are unknown, hat Mr. Walter Leaf, representing now lying in the strong reoms of the Institute of Bankers, informed banks, and that there is a proportion them that inquiries made by bits in of which the ownert kaze been lost this capacity of chairman of the sight of and which in all probability Central Association of Bankers will never be opened unless Parka showed that the sums of balauces ment glyes directions for their in- dormant for six years prior to Jan.spection. 1, 1920 were:
On current accounts....£2,220,926 On deposit accounts... 5,787,659
Total ...
... £3.008,585*
WEDNESDAY, MARCH 12, 1$20.
FOTIONS
DAIRY FARM NEWS.
FISH!
FINNAN HADDOCK FILLET HADDOCK KİPPERS
SALT SIBERIAN-SALM ON
FISH!
60 cents
65
per 15.
45.
20 - "
New Shipment just arrived,
We now have for sale
COULOMMIER CHEESE DEVONSHIRE CREAM
THE DAIRY FARM, ION & COLD STORAGE CO., LTD.
TO-DAY'S CABLES.
(Reuter's Service to the China Mail.)
WHITE MAN'S BURDEN,
LONDON, March 11. The supreme.council met yesterday and issued a communique ar of unknown contents and unknown nouncing that it had considered measures which are being taken to ownership, and that nothing should be ensure the protection of Armenians and other minorities in Turkey. done to inspect them and to take It is considered, significant that Messrs.
Churchill, Long Beatty,
in consequence of that inspection.
POLITICAL STRATEGETICS!
LONDON, March 11.
Dr. Pearce read the report for the year 1919, as already published, and laid on the table the statement of accounts by Mr. W. Sykes
The Chairman in proposing the adoption of the report and accounts, and also "that copies be sent to the Bible Society, London," and to the
It is likely that many of these Society's Agent at Shanghai, said
boxes and parcels are empty, having that was the thirteenth occasion on
contained articles which have been which he had the honour of presiding
withdrawn, the box being left with at the meeting and he was sorry it
the bank fram motives of convenience would be his last. He always ap But, in Mr. Leaf's opinion, and in or because the owner has intended preciated the work of the local the opinion of those be represented, at some future time to use the box branch as it assisted in propagating these balances are by no means all afresh. Further, of the boxes and the Truth, which was what they all belonging to untraceable persons. It parcels which are not empty, it seems wanted. Some people had rather is estimated that $5,162,115 wil de probable that very many contain what different views of the Bible to in the ordinary course the subject of legal or financial documents which
they had
* years operations either by way of increase by lapse of time, have ceased to have ago, but the Bible was greatly or diminution, and cannot therefore any value or interest. But when all needed to-day as it had never been te regarded as permanently dormant, these large deductions have been before, They loved the Society The balances which may be so des made there is probably a small re- because its activities were world wibed, which are, that is to say, the siduum of boxes and parcels of which wide, because it penetrated into property of untraceable persons, are the owners have been lost sight of every race and nation. There was estimated to be £2,846,170... and which contain articles of some" an unrest about in the whole world. The other evidence heard confirmed value or papers of some interest. at the present time; men everywhere this estimate; and the majority of We were told, for instance, that in 98-1,293.68 were seeking for a spiritual force to the Committee believe that it the Bank of England there is a box
guide them. No doubt they had all approximately an accurate one. It of pictures of which the owner cas $ 1,900,406.90 read the words of Mr. Lloyd George follows that Bormant bank balances not be found. At any rate, it is not last summer. Mr. Lloyd George said are, from the point of view of State satisfactory that there should be i "I am speaking as one standing finance, of no great concern.
an accumulation of boxes and parcels. high on the watch tower and I know Hence the only matters of importance 485,638.72 that the need of the land is not dealt with in the Dormant Bank material but spiritual Get the spiritual Balances and Unclaimed Securities ..$ 2,386,045.62 and the material will follow. The Bill are the safeguarding of the such action as might be reasonable General. Thwaites, and Venezclos attended. It is stated that the council
wounds of the world are bleeding and rights of owners in respect either to material things will not heal them." balances or to receptacles containing
It is, however, pointed out that in ordered a disciplinary occupation of Constantinople as well as of a number The one need of England and France articles of value (including papers) respect to articles (including papers) of strategic points in Asiatic and European Turkey forthwith, while to-day is the healing and brother entrusted to banks, of the existence entrusted to banks, customers wond America has been urged to participate in measures for the protection of hood of the Cross. The need of the of which the owners may be prefer that a very long period should world was spiritual and the the Bible unaware.
Armenians. elapse before the State interfered Society was helping to spread the In respect to balances, two broad with the custody which the banks world to-day was a democratic world to be borne in mind.. First, that the cially in respect to papers, which tealing power among all lands. The considerations (says the report) have had been asked to undertake. Espe and the Bible was the most previous rights of owners should be safe might sometimes be of a confidential guide to help advance that spirit of guarded and that that they should be character, the Committee feel that it democracy. If the peace of the world protected from less arising from in. would be gravely objectionable if the
At the trades union congress, Mr. Thomas in his opening speech re- was to be maintained there must be advertence or ignorance. The owner period were not so long as to render ferrred to the instruction at the previous conference to send delegates to a League of Nations and a League of cf a balance may have forgotten that any discloure innocuous. They there- Russia to investigate conditions there. Mr. Thomas stated there had been some Churches to spread the Truth. He he ever opened an account at the fore propose:
difficulty regarding passports, but it bad been found there was a possibility munity to assist in the great work may have inherited from someone a bank should become the subject arrangements were now made for a joint delegation with the Labour appealed to all sections of the com- bank at which the balance lies, or hel That a box or parcel entrusted to of getting to Russia without obtaining passports direct. The necessary Ead special privileges.. They were the heir, is ignorant. Whatever the after, in the opinion of the bankers Party executive. (It is understood this delegation will include Messrs. the Society was doing. Hongkong who opened an account of which he, for action taken under the bill only surrounded by the Chinese who ap- cause of his lack of knowledge, it is themselves, the owner has been Henderson, Ramsay Macdonald, Thomas, and Will Thorne). Advocating preciated the Bible; they had materi plainly desirable that the person who untraceable for a period of seventy political action, Mr. Thomas declared there was a general belief in the al wealth in a remarkable degree for owns the money should have the years, the size of the Colony, and they were control and use of it rather than the They think that the determination carly possibility of Labour Government, when the Labour Party would glad to have been able to subscribe bank, who are merely its custodians of the question wher an owner be find itself the guardian of the whole community, instead of the trustee $2,000 to the Society.. But they Secondly, it must be borne in mind comes untraceable might be safely of a section. Any policy of defying those in power would be an excuse should not be satisfied with that; that customers of banks set high left to the bankers, whose interest it for retailiation against its sponsors in the future. they should endeavour to make the value on the absolute secrecy which is to relieve themselves of the burden. Mr. Clynes asserted that that the man who would most welcome sum $20,000.
benkers maintain in respect to those of the custody entrusted to them." direct action" was Lloyd George. If the congress announced - a Mr. Shutsi Hsu, seconded and said customers accounts. It would cer and who have therefore no motive
strike, Lloyd George the society was deserving of all sup.tainly vex customers and not im-for concealing the fact that they have
ย general $984,293.68 port as it dealt with one of the most possibly induce them to use banks lost sight of an owner.
election on conditions which would find their class cent 1,900,406.90 important phases of Christian activity, less than they do now if there were After the lapse of seventy years it in twain, while all other classes would be united to fight what would be The Society helped to spread the any danger that customers were to should be the duty of the bank to regarded as an aggressive step. The force which the direct actionists $ 2,884,700,58 Bible in all lands, and he wished to be deprived by Act of Parliament of iaform a public official who the Con proposed to employ was not a British but a Prussian characteristic,
speak a few words on the work done the advantages of the existing system mittee think might be the Master of, in China. The Society was doing of secrecy.. And a similar effect the Roils or some person appointed wonderful work in China. They might be produced if balances were by him. The official notified would were translating the Bible into the over-hastily moved from the custody take custody of the box or parcel vernacular and helping to disse of the banks to which they have and examine its contents. After minate the word of God in a country been confided. Parliament ought to such examination he would do what-. 2,884,130,58 which needed it.
Mr. Hsu paid protect the rights of customers but ever seemed to him reasonable for 570.00 a
tribute to the work of the should not carry that protection so the tracing and Identification of the Messrs. James F. Hutton & Co., The wedding took place at Wanchal Missionaries in China, and of the far as to vex the customers them-owner, and would insert a descrip Ltd., Manchester, report on Feb. 4 as Wesleyan Church this morning, the 2,884,700.58 assistance rendered thero by Chinese sevives. It is held these considera- tion of the contents in a register Bible sellers, who, he said, were the tions apply especially to Ireland. It is which would be accessible to any
Rey, C. A. Gimblett officiating, of real pioneers of Christian work in the suggested that the bill should not be person on the payment of a fee The week's trading has been mark. Mr. V. R. Stannard and Miss M. E inland territory. For many thousands extended to that country. -.-'
of half-a-crown.
ed by a series of fluctuations in the Stanley, daughter of Mr. H. J. Stan of years China had held together by
Five years after the orignal notifica prices of the raw material. Sentile of the Naval Ordinance Depart religion, language and racial char- In the committee's opinion, there years after the period at which, in/ment has veered from one side to the
tion by the bank, or seventy-five. acteristics, and if they were to assist fore, a very much longer period than the opinion of the bank, the owner other and has again been affected sarin, with pearl trimmings, she also The bride was dressed in ivory, China they should continue to trans-six years should elapse before a state had been lost sight of, if nothing had sensibly, though, it must be admitted. wore a tulle veil trimmed with orange late the Christian teachings into the of dormancy, having legal conse; been heard of the owner of the con- only temporarily by minor influences, blossoms, $3,000,000.00 vernacular and spread them far and quences involving publicity, should tents of a tox or parcel, the officia! There appears however to bave. been Misses Vera Stanley and Kitty Fooks," Her bouquet was of lea wide..
roses. The bridesmaids were, the Put to the meeting, the motion
notified would take action for the The majority are of opinion that final disposition of them, whether some short interests at Liverpool, and They were attired in champagne was carried nem con.
The Rev. G. R. Lindsay proposed upon--that is, if the money deposited artistic or historic interest they would further depreciation in the American shepherdess bonnes of the same papers or not. If they were of fairly heavy buying caused through coloured crepe de chine dresses, with that Dr. Pearce be elected Honorary has neither been increased or be entrusted to whatever public exchange led to a rise in futures. Secretary, Mr. T. Arnott, Hon. diminished-for a period of thirty gallery, museum, or library (if papers) 1,500,000.00 Treasurer, and that the following, be years, the account should be deemed should be appropriate for their recep- New York has also been affected by man, and the bride was given away colour. They carried baskets of 81,698.69 the Committee: The Cergy and to be a dormant account and the tion, without derogation from the Japanese interests buying. Egyptian by her father. During the ceremony roses. Mr. W. Richards was best 1.253.614.71 Ministers of contributing Churches, balance a dormant balance.
the Naval and Military Chaplains Bankers should be required to owner's rights should he ever be servire in Hongkong, Major A T inform the Public Trustee whenever or historic interest they would sharply and prices of fine yarns have o'er Eden" was sung, Mr. F. Wain
discovered. If they had no artistic cotton has again advanced very the hyma Walmsley, Mr. W. M. Humphreys, a balance becomes dormant, and that be sold by auction and the money been raised by about 1/- per ib. being at the organ and as the bridal Dr. J. Herbert Sanders, Mr. J L. official should take steps to trace the Macpherson, The Rev. H. R. Wells, owner, and should have his name account being kept so that, if the yarn and cloth sections sellers still ception was alterwards
paid into the Exchequer, within the last 10 days. In the delssonn's Wedding March.
party Jeft the Church he played Men Mrs. Dowbizzin, Mrs. Bennar, Miss inscribed in Storr, Miss K. Woo, Misa Woolley, alphabetical register, accessible to aer ever should claim it, he could Mrs. Arrott, Mrs. Ling, and Miss any person on payment of a fee of be paid whatever had been realised meet with considerable enquiry Homeville," Wanchai Road, follow- by the sale. If the official notified and although the turnover bas ing which lunch was served at the Mr. Lindsay paid's giewing tribute include the last known address of box or parcel were destitute of any has been of sufficient weight to
half a crown. This gister should were satisfied that the contents of a again been comparatively small it Hongkong Hotel, The honeymoon to the work of the Society and said the owner, but not the amount of interest or value of any sort or kind that the spiritual and social move balance. Banks should be required (as some legal or financial papers/ maintain a very firm tone all round ment at the present moment in the to keep-at. their head offices and might have become), he might cause There appear to be no outstanding mendation of the Committee, that 2,386,045.62 world was but the outcome of the branches a similar register of teachings of the Gospel They must dormant balances in their hands,
them to be destroyed.
markets so far as the present buying the exchange value of the rupee bet 9221,359,02 all assist the Society as it helped in accessible on the same conditions.
The Committee fix the period of is concerned but the miscellaneous fixed at 2s. gold, has been immediate. spreading the Gospel which was the If within two years after notifica
seventy years because they under- hore for the world's peace. They tion the owner should not have been stand that such is the period after lots which continue to be placed for ly adopted by the India Office. As were at the doors of a great country traced, the balance should be trans the State are accessible to historians. steady moving forward of delivery value of the rupee and it is also which secret documents belonging to almost all-outlets account for a very the Committee point out, it is extremely desirable to stabilize the which had a great future before ferred to the Fublic Trustee, in They think, however, that even after time for all classes of goods. Fro- desirable to secure a continuance of ir, a country which needed rewhose custody it should remain until eventy years, if there were any ducers generally still show no inclina the benefits resulting to India from generating power and moral reclaimed by the owner. straint, which couly only be had. The Commitue came to the con question, as to the desirability of the ten to book up their output in the present high exchange. The through the Gospel. They knew that fclusion that no distinction should be Rolls should personally decide that definitely ahead, 'in consequence of advantages of a stable rate being so publicity of papers, the Master of the. the Society, in common with other drawn between balances arising on question and should have authority which they take orders for as distant cluded that this can be most. apparent, the Committee have.com. Focieties, was suffering from ex-accounts already existing and ac to prolong the period of secrecy delivery as circumstances at the time advantageouly done by fixing the change and he appealed to all to counts which may be opened after indefinitely, if that appeared to him seems to warrant and having done value of the rupce in terms of gold
the passing of the bill. They do not -4,298,3$9.28
The Rev. H. E Anderson, in "bink that banks have a superior expedient.—Daily Telegraph. seconding. thanked Dr. Pearce, Mr. claim to the Sate in, respect to, 1,126,705.45 Sykes and the Committee for the balances on existing accounis, hold.
€71,316.38 96,000.00
$2,919,042.24
$ 24,890.74
15,024,60 9,596.32
64,911,66
Directors and Auditors' fees..................... 15,000.00
By Premium on New Shares.********
BALANCE SHEET: DECEMBER 31, 1919.
LIABILITIES.
Nominal Capital 60,000 shares of $50 each...$3,000,000.00
Issued Capital €0,000 shares @ $50 each, fully
paid up
Debentures:
Nominal 2,000 of $1,000 each....
Issued 1,010 of $1,000 each............
Reserve Fund, per last A/c ..................、 Add Transferred from Profit & Los a/c
Marine Insurance Fund, per last A/c.... Sundry Creditors
Profit and Loss Account:-
2,000,000,00
1,000,000,00
900.000.00 600,000.00
Amount brought forward from last Account...$1,894,869 22
Less Final Dividend paid April 1,
1919.......
...$149.857.50
Bonus to Shareholders
419,601.00
Transferred to Reserve A/c
600,000,00
Interim Dividend paid October 7,
1919.
239.772.00
Add
Proft for year ending December 31,-1919, as
per above statement .............
1,409,230.50
485,638.72
1,900,406.90
Value of Kowloon, Cosmopolitan and Aberdeen Docks, buildings and plant; including Boating plant as at 31.12:18 as per last statement.....
Additions during 1919......
Less Sales at book value ...... Written off
¡ASSETS.
$3,542,965.02 1,427,565.07
$4,970,530.08
824:42 671,316.38
672,140,80
Surdry Debtors......... Material in Stock and in transit at book value,
and work in progress at amount expended; thereon with a fair percentage for estab lishment charara on same less instal ments received on acccount.
Hollis.
support it.
TRANSFER TO PULIC TRUSTEE
be recognised,
if an account has not been operated
а consolidated
DESPONDENCY DUE TO CONSTIPATION. OMEN LA O nervous and despondent When this in die antipationic is enalty: THXracted by
W
general
MANCHESTER WEEKLY MARKET REPORT.
follows:
would
ment.
give
them
WEDDING.
STANNARD-STANLEY.
The voice that breathed
will be spent in Macao.
A re-
held
this either definitely refuse to quote rather than in terms of sterling. for a time, or else quote prohibitive rates. Prices are firm and stiil tend.
BEST MEDICINE MADES fg upwards although not so sharply better medicine car ant-be misde as during past recent weeks. Silver Athan Chamberlain's Cough Bead has again advanced owing to China medy. It relieves the lungs, opens the buying and the fall it the American Lucretions aids expectoration and by the publication of the report of tains no opiates and is perfectly safe to to a healthy condition. Besides, it cons
work in tie past year. He also ing that the owners, would have thanked the missionaries, for their wished that the State rather than coperation and assistance in spread the banks should have the use of ing the Cospel.
see Lunch balances. E — vole of thanks was next proti in respect of current accounts and king an occasional dicas of Chamber. 1. exchange It has also been affected 28ista Natura in restoring the bystemy
psed to the Helena May Institute deposit actuntenot subject to in Tabeth These tablets at segy $9,221.359 02 for the use of the room, after which notice, a banker is protected after take and pleasant in effeckor sale by the Committee on the India exchange take. For male by alf Chemists, and
the meeting terminated.
aix years iron, the assertion of the all Chemists and storekeepers.
and currency. The main recom- Storekeepers.