EARLIER TELEGRAMS.
(Bexier's Service to the China Hell.)
BRITISH ADMIRAL FENOSID,
ANNAPOLIS, February 18th.
FUNERAL
MB. J. H. GARDINER.
LAROB ATTENDANCE.
THE CHINA MAIL.
COMPANY MEETING.
UNION WATERBOAT 00, LAD.
BANK REPORT.
HONGKONG AND SHANGHLI BANKING CORPORATION.
The 105th report of the Court of Directors to the ordinary yearly meeting of Shareholders to be held at the City Hall Houstons, on Saturday, February 26, 1921, at noon. To the Proprietors of the Hongkong and Shanghai Banking Corporation,
14
Gentlemen, The Directors have how to submit to you a General
the visit was unofficial Admiral Bayly yesterday evening, and was largely sided, and there were present Messrs. Statement of the affairs of the Bank, and Balance Sheet for the year ending
Nay YORK, February 18th Telephone conversations on a ship in the Atlantic and Catalina Island of Cali- fornia have been successfully accomplish ed through the combination of wireless and wire across the United States"
SIGNOR CARUSO DYING.
NI YORK, February 16th Signor Caruso, who barst a blood-vessel, while singing, is believed to be dying.
After a
relapse last night extreme anction was administered.
MANDATES COMMISSION.
L
LONDON, February 16th. A number of representative feminists have sent a letter to the Press urging that at least one woman be included in the Mandates Commission appointed by the Council of the League of Nations in view of the questions affecting women and children.
M. POINCARE.
December 31, 1920.
14
The Directors recommend the transfer of $2,029,411.76 from the Profit and Loss Account to credit of the Silver Reserve, which will then stand at $21,500,000.
Accouer
..
The Sterling equivalents of the various accounts are shown at 3/2, the
The 16th ordinary annpal meeting of shareholders in the Union Water-1 boat Co., Ltd., was held this morn The British Admiral Lewis Bayly re-
The funeral of the late Mr. J. Hing at 11 o'clock in the offices of ceived an ovation at the Midshipmen Naval Academy when he spoke praising Gardiner, solicitor, took place at the Messrs. Dodwell & Co., Ltd. Mr. the splendid co-operation of American Protestant Cemetery, Happy Valley, G. M. Dodwell, the Chairman, pre- and British Fleets in the war. Although
R. G. Shewan, A. O.. Lang, S. WAS received with the Admiral's salate attended. The gathering was cos. Yasuda, and A. E. Crapnell, mem and a band paraded in his honour,
The net profits for that period, including $3,362,847.20, balance. A banquet in New York by 150-American European, Portuguese, Chiness and Mr. C. Gerken, secretary; and the brought forward from last account, after paying all charges, deducting
Admiral Bayly will be entertained atmopolitan, being representative of the ters of the Consulting Committee; following shareholders, Messra. Ex Beral officers with whom he co-operated Indian communities of Hongkong Ewa, G. R. Edwards, M. S. North interest paid and due, and making provision for bad and doubtful accounts in the most cordial manner in the war.
and contingencies, amount-to $12,104,013.50. A dirigible and five seaplanes escorted ample testimong, it such were need-cote, W. Van Epps, and Mr. Ellis. the vessel, on which Admiral Harly ar
ed, of the high popularity and esteem The Secretary having read the During the year an addition of £1,000,000 was made to the Sterling rived from Colon, up New York Bay.
notice convening the meeting. Reserve, $3,529,411.76 of the Silver Reserve being employed for that the deceased enjoyed in Hongkong.
The Chairman said: Gentlemen-purpose at exchange of 5,8 per Dollar. The Sterling Reserve now stands WIRELESS ACHIEVEMENT,
The remains were brought from the The Report and Accounts having been
at £2,500,000... deceased's residence, No. 3, Rose in your possession for some days, I Terrace, Kowloon,, by, launch, and at will, with your permissin, take them the Observation Pier were transferred as read. The proft on trading for the year under review amounts to to the cortege
$59,005.01. sitisfactory increase.
- They also recommend writing off Bank Premises Account the sum of Inmediately behind the hearse over that of the previous year, and $1,000,000. walked the chief mourners, Mr. Vincluding interest and dividends on liam Barker, Captain and Mrs investments, and the carry forward
After making these transfers, deducting the Interim Dividend of £3 Wheeler, Mrs. Morrison (nurse), Mr frock last year, there is an amount per share, paid on August 9 last, siz-£360,000 at 3/8—$1,963,636.36, and Mrs. F. I. Brumby, Mrs. Lee available for allocation of $76,217.96. and remuneration to Directors, there remains for appropriation d'Almada, Mr. W. Logan, Mr. W.
There has been a heavy demand for $7,030,965.38, out of which the Directors recommend the payment of a S. Brown, Mr. A. R. Lowe, Mr.-C.
water during the year and the Com- L. Low, Mr. D. O. da Silva, Messrs.pany's fleet has had to work constant Final Dividend of Three Pounds Sterling per Share, vir, £360,000, and a T. Rowan and Lee Hon Chee, soli- overtime in order to cope with it. Bonus of Two Pounds Sterling per Share, sir, £240,000, amounting in all citors of the deceased's Arm, and his This has meant that, whilst the boats to £600,000 which at 3/2, the rate of the day, will absorb $3,789,473,69. Chinese staff.
have been kept in good running con- The Balance $3,291,491.69 to be carried to New Profit and Loss At the Monument the procession dition, there has been little or no of was joined by a large number of porterity of laying up the older ones
1. Sterling and Other Gold Securities have been written down to mourners among whom were the fol for a thorough overhaul. At the last loving members of the legal profes-annual meeding your attention was prices ruling on December 31, 1920, and the depreciation in the £1,578,947 sion: The Acting Chief Justice (the called to the fact that certain extra-7%. 5d. 5% War Loan has been provided for out of the current profits of Hon. Mr. H. H. Gompertz), the ordinary expenses would probably be the year." Puisne Judge (Mr. J. R. Wood), the incurred in this connection in the near Attorney-General (Mr., J. H. Kemp), future. A new waterboat was con- the Hon. Mr. E. H. Sharp, K...pleted and put into commission in rate reling on the last day of the year. Mr. F. C. Jenkin, Mr. C. G. Alabas- November last and, with this addi- er. Mr. G. H. Wakeman, Mr. G. X. tion to the Fleet, your Superintendent Hall Bruno, Mr. C. F. Maso, considers that he will at last be shie Mr. D. H. Blake, Mr. Leo d'Almada, to lay up, an older boat from time ta Mr. A. H. Crew, Mr. D. J. Lewis. time, for the necessary repairs, repiat- Mr. C. B. Johnson, Mr. A. E. Halling, etc. I may mention that No. 3 Mr. J. M. Hall, Mr. F. E. Nish, Mr.waterboat is at the present moment C. H. Lyson, Mr. M. J. D. Stephens being slipped for survey. These older Mr. M. K. Lo, Mr. M. W. Lo, Mr.boats will then be good for many H. K. Woo, and other solicitors.
years more of useful service. It is! There were also present the heade with this object in view that your of various local business houses, offi- General Managers and Consulting
ials of the Supreme Court and the Committee, have recommended Magistracy, Inspector Angus and transfer to Special Repairs Fund of presentatives of the Police Force. $9,043.82, bringing it up to a total Capt. Stevens and Messrs. J. H. Seth of $30,000.00. Ordinary repairs can ed the 1916 naval construction programme.and Harold Seth. The general public always be met out of current revenue, with the amendment that none of the brought up the rear.
but it is advisable to have a substan- money unted should be spent on ships hot The coffin was met at the gates of rial reserve to fall back upon when now constracting or for which contracts the cemetery by the Rev. V. Hone is faced with the probability of bave not been signed: the preventing the building of six battleships and a num-Copley Moyle who led the procession having to incur extraordinary expenses
to the graveside where a very impres- of this nature. ber of destroyers.
sive burial service was read.
One other item in the Report calls After the grave had been filled in, for some explanatory remarks, and a profusion of wreaths, numbering that is the recommendation to trans- well over a hundred, were piled upfer to Insurance Fund a sum of on the deceased's last resting place.
$10,400.00, bringing it up to a wetal The floral tributes included wreaths of $30,000. This fund, I might re- from: "His sorrowing wife," "* Dan,'
and you, originated in the days when Mr. and Mrs. J. F. Brumby, Capt the Company was still operating a and Mrs. Wheeler, Frank and Annie few old wooden vessels on which in- Wheeler, Mr. W. Logan, Mr. and surance could not be effected except Mrs. Philip Wolff, Mr. D. Logan and at prohibitive rates. It is thought "his old friend, Mr. C. L. Low. advisable to increase this fund now His Hon. Mr. H. H. J. Gompertz to the above figure for the following (Chiel Justice), Sir Boshan Wei Yuk, reasons. Five of the Company's ves Mr. H. M. H. Nemazee, Messrs.sels are of considerable age and insur- Eldon Potter, F. C. Jenkin, F. Xance cannot be effected for more than d'Almada, J. M. Hall, G. R. Hay- about $22,000 on each vessel. wood, H. C. Lee, T. Rowan, C. H.the event of loss, through typhoon or Lyson, F. E. Nash, C. F. Mason, accident, the cost of replacing by a D. V. C. Steavenson, J. Scott Hars new building of a similar type stands
PARIS, February 18th. H. Poincare has been elected President of the Senate Foreign Affairs Committee. He received 13 to the 10 votes cast for the cutgoing President.
FOURTH TEST MATCH.
MALOWANE. February 15th. Australia, made it runs for wickets and declared. Australia thus won by wickets. Ryder made 12 unfinished and Gregory 16 unaished for Australia
11
U.S. NAVAL PROGRAMME
NEW YORK February 16th. The House of Representatives has pass
DISORDERLY SAILORS.
MAGISTRATE'S WARNING.
JAIL WITHOUT OPTION OF FINE.
That drunken sailors who cause trouble ashore will in future have to go to jail without the option of a fine if brought before him was the war- ing given by Magistrate Orme at the Magistracy this morning when order- ing Robert Macgregor, a seaman of H.M.S. "Hawkins "to pay a fine of $20 or serve ter days' hard labour on charges of (1) having been drunk and disorderly, and acting in a riotous manner in Spring Garden Lane on the night of February 12, and (2) having caused damage to a door of one of the houses to the extent of $2.
The defendant admitted that he was drank, but said that while he would not deny the other charges he could not enter any plea as he did not refnember what happened.
Sergeant Shaftain, of No. 2, Police Station, said that about 9 pm, on the 12th a girl came to the stationi and reported that salfor was creating a disturbance in the lane. The witness went there and
the defendant throwing stones into one of the houses. At- tempts to persuade the defendant to enter a ricsha and go away failed." Defendant, who used very filthy language grasped witness by the legs and tried to throw him. Con- sequently witness, had to draw his truncheon and hit the defendant on the head before he could quirten bira. The large stone produced was alleged by the girls to have been buried by the defendant into the brase, damaging a door.
of thing This sort
was be. coming common in Warchai Hitherto the police had settled such cases out of Court by asking the defendants to pay compensation, but lately these people had got into the habit of assaulting the police. Consequently the latter were forced to take the cases to Court as a protection to themselves.
Only recently the Magistrate had a couple of cases of a similar character before him.
The Magistrate said that in the recent case before him be had dealt with the defendant leniently because he was not aware then that it was not the first case of the kind in the district.
The P. & O. Karmala," left Sing- *pore for this port on Feb. 18 at 5 pm. with the outward English Mails, mad is dne on 21 just at about 5 pm. *******
The OP. 15. RM.3. "Empress of Asia." left Vancouver for Hongkong ria ports, Sanghai and Manila, on Fer 10, and fi due at Yokohama onog about Feb.
The OPOS, RMS "Monteagla loft Vancovaur for Hongkong vis Japan prts and Shanghai on Feb. 10 and is dosat Tokolaus on or about Feb. 23.
10
ful supervision during the typhoon season any such loss to the fleet has been avoided in the past, but it is a contingency for which your General Managers and Consulting Committee consider due and sufficient provision should be made in your reserves.
DIRECTORS.
Mr. G. T. M. Edkins has been elected Chairman for the year 1921, and Mr. G. M. Dodwell, Deputy Chairman.
The Honourable Mr. S. H. Dodwell, Mr. C. S. Gebbay, Mr. J. W, C. Bonnar and Mr. Ross Thomson having resigned their seats on leaving the Colony, Mr. G. M. Dodwell, Mr. A. S. Gabbay, Mr., G. T. M. Edkins and Mr. A. O. Lang were invited to fill the vacancies.
These appointments require confirmation at this Meeting. The Honourable Mr. E. V. D. Parr, Mr. A. H. Compton and the Honourable Mr. P. H. Holyoak retire in rotation, but being eligible for reelection, offer themselves accordingly.
AUDITORS.
The Accounts have been audited by Mr. F. Maitland and Mr. E. A. M. Williams, who offer themselves for re-election.
E. V. D. PARR Chairman
Hongkong, February 15, 1921. ABSTRACT OF ASSETS AND LIABILITIES DECEMBER 31, 1920,
Paid-up Capital Sterling Reserve... Silver Reserve
Marine Insurance Account --- Notes in Circulation:
LIABILITIES.
(Authorised and Additional Issue against Securities and Coin deposited with the Crown Agents for the Colories, their Trustees, and the Hongkong Government) ........ Current Accounts ..................ers Fixed Deposits .............. Bills Payable:—
(Including Call Loans and Short
Sight Drawings on London Office and Drafts on London Bankers)........eztrati
Liability on Bills of Exchange re
discounted, £16,276,773,15,3 of which £13.933,106,13.7 have since run off..
Sterling
Equivaleat
Dollars
£2,373,000.00 $15,000,000.00
2,500,000 00 3,082,843 · 29 39,583 6 8
THURSDAY, FEBRUARY 17, 182L... ....
DAIRY FARM NEWS.
FROZEN SMOKED FISH
“New shipment ex S.S. Glenamoy”
SELECTED FILLETS, FINNAN HADDOCKS, SELECTED KIPPERS.
THE DAIRY FARM, ICH & COLD STORAGE Co., Ltd.
#
FOR THE RACES
NEW GOODS
AT
WHITEAWAY'S
SEE OUR WINDOWS
FOR LADIES
NEW MILLINERY,
NEW RIBBONS,
NEW FLOWERS,
NEW OVERCOATS,
NEW COSTUMES,
NEW CORSETS.
FOR
GENTS
NEW FELT HATS,
15,789,473.67
- NEW SHIRTS,
19,470,588.24 250,000.00
NEW PYJAMAS,
NEW TIES,
NEW GLOVES,
4,644,337 10 4 29,332,658.00 53,316,418 6.9 336,735,273.71 18,102,301 9 10 114,330,325.22
1,002,226 16 9 6,329,853.71 1,181,401 19 5 7,461,486.13 1,600,809 14 3 10.110,377.14
£87,844,922 6 9 $554,810,035.82
ASSETS.
ton, Messrs. Deacon. Looker, Dea-to-day in the neighbourhood of Acceptances on Account of Constituents con and Harston, Messrs. Hastings $60,000. By good fortune and care-Profit and Loss Account wiper CALA GUE and Hastings, Messrs. Wilkinson and Grist: Messrs. Dennys and Bowley. Messrs. Geo. K. Hall Brutton & Co., Messrs. Johnson, Stokes and Master, Messrs. Lo and Lo, Messrs. Ramsay & Co., Messrs. A. B. Moalder & Co., Mr. G. R. Haywood's staff, the Chi nese staff of Mr. J. H. Gardiner's firm, the Christian Mutual approve ment Society, Messrs. A. Kwai & Co., Messrs. M. Mohideen & Co., Messrs. H. Ruttonjee and Son, the Palace Motor Co., Messrs. Lamunert Bros.. Messrs. A. Sheung & Co., the staff of the Supreme Court, and the bailiffs of the Supreme Court. The Hon. Mr. P. H. Holyoak and Mrs. Holyoak, Mr. and Mrs. S. H. Dutton, Dr. and Mrs. C. H. Heanley, Mrs. B Brotherton Harker, Miss Laura Maria da Souza, Mr. and Mrs. C. H. W. Kew and family, Mr. and Mrs. M. B. Mr. Ezra': I have mich pleasure in Yung. Mr. and Mrs. Leo d'Almada, recommending the adoption of the re- Bank Premises mammo Mr. and Mrs. Witchell, Mr. and Mrs. ports and accounts
I think you will agree, gentlemen, that with the allocations to reserve as recommended for these special pur- poses, your Company will stand in a very sound position and need fear no embarrassment if called upon to face contingencies of the nature I have pointed out to you as possible.
I now, beg to propose that the Re-- port and Accounts as circulated be adopted. After this has been second- ed I shall be pleased to answer to the best of my ability any question share- holders may desire to ask.
*』
The Chairman: The only other busi.
ness is the election of an auditor for the ensuing year.
J. H. Taggart, Mr. and Mrs. Liang Kin. The motion was carried unanimous- Han, Mr. and Mrs. J. H. Seth, Mr.] [y. and Mrs. J. H. N. Mody, Mr. and Mrs. F. Smyth, Mr. and Mrs. W. S. Brown, Mr. and Mrs. C. W. Jeffries, Mr. and Mrs. A. el Arenlli, Mr. and Mr. G. R. Edwards proposed, and Mrs. C. E. Holmes, Mr. and Mrs. Mr. A. O. Lang seconded, the elec JH. Oxberry, Mrs. She Tat Tsoition of Mr. C. Bernard Brown, and Family, Mrs. Lai Chi Chin and A.C.A., as auditor at a remuneration: godson, Mrs, and Miss Endell Rosser, of $300. Carried unanimously. Mrs. Ng Quinn and family, Dr.
The Chairman: That is all the busi. Asger, Inspector H. Pearson, Messrs.
I thank you for your attend. ness. Race. Dividend warrants are ready
H. A. Nisbet, E. F. Ascott, L. E.
Lammert, Henry S. Hall, Richard F. and may be had an application.
Brayn, H. Dreyer, E. B. Reed, A.
G. Hewitt, W. L. Wesser, F. V.
| Quark, Harold Seth, M. W. Stevens,
RA.O.C., H. Percy Smith G. CLammert, C. D.. Melbourne, J. F. Moxon, H.-W.-Ray, E.-H. Ray,
Grose, C. R. de Roza, M. P. de
Harper, W. L. Ford, F. A. Chopard, Silva, C. F. V. Ribeiro, A. U. da
H. V. Beaurepaire, James C. Frewin,
L. C. Parker Rees, D. A. Caldwell, C. E. Warren, T. H. G. Brayfield, H. R. Phelips, H. A. Lammert, F.
Souza, M. A. Razack, R. Pestonji, M. Baptista, A. J. M. Gomes, T. Henry, Young. Ng Wah, Pun Tat
STERLING EQUIVALENT.
DOLLARS,
5,631,617.89
Cash (including $15,500,000 Coin jodg ed with the Hongkong Government against authorised and/or excess note Bullion in hand and in transit.****
circulation) ....... 1939-k£19,651,333 9 10 $124,113,683.22
891,672 16 8 British Government, Indian, Colonial and other Securities (including Sterl ing Reserve Investments, £1578,- 947 78 5d 5% War Loan 1929/1947 @ 95-£1,500,000). Bills Discounted, Loans and Credits... Bills Receivable Liabilities of Constituents for accept-
ances, per contra ..................
NEW HANDKERCHIEFS.
WHITEAWAY, LAIDLAW & CO., LTD.
STERLING EQUIVALENT
516,617 9 6
HONGKONG.
CREDIT.
By Balance of Undivided
Profits, Dec. 31 1919..............$ 3,262,547.20
@ 4/104: (rate of) 12/12/19)
£795,319 0 1................ By Amount of Net Profits for the Year ending Des.. 31 1920, after making provision for bad and doubtful debts and con- tingencies, "deducting all Expenses and Interest paid 1,448.942 4 10° and duc dance 100 conven
32,372.336.11 161,779,784.00 £1,965,559 14 4 215.242.081.62
5,125,627-16 1 25,615,132 9 4 34,095,829 11 9.-.
1,181,401 19 5 7,461,488.13 1,283,924 3 8 8,108,99435 To Balance....
£87,844,922-6 9 $554,810,035.82
GENERAL PROFIT AND LOSS ACCOUNT, DECEMBER 31, 1920.
DRAFT.
STERLING EQUIVALENT
DOLLARS
360,000 00 To Interim Dividend
4,750 0 0 360,000 -0 0.
240,000 0 0
Ming, Lan Chak Ming, Hung Hong: 321,323 10.73 Chaca, Che Chan Lau, Young Hee, Fung Tat Hang, So Shek Chung, Chan Sap Chiu, Voo King Ping, Wong Kien Ki, L. A. Chanson, Lo ET rid of every cold as quickly as Wa Kan, Ip Kin Shing, A. V, Young, U possible. It is the forerunner of all Au Toz Hi, Chan Yuk Shan, Wong pulmonary trouble, and
DON'T RISK PNEUMONIA.
develop in a few hoore Take my Siu Moon, Chin Shik, Pun Yun Tong,
Chamber.
lain's Cough Remedy. It is a simpla Wo Po Keung, Wong Kam Fuk, S.. thing to do, but the effect is marvellous A. B. Bux, M. Hussain, Mota Singh, For sale by all Chemists and Store Oyager Singh, Deva Singh, and Kéher keepnes
Singh.
158,333 6 8
521,152 17 1
£1,965,559 14 4
Paid on August 9, 1920 £3/- per Share on 120,000 Shares£360,000
€ 380 Remuneration to Directors.........
Final Dividend *-*
£3/-per Share on 120,000
SharesTM** £360,000, at #3/2
Bonus of £2 per-Share
on 120,000 Shares £240,000
at 3/2 ... 1,515,789.48
.$2,273,684.21
-$3,789,473.69 Transfer to Silver Re--
serve
2,029,411.76 Transfer to Bank Pre
"mises Account..................................... 1,000,000,00 Balance forward to next
year murmuşi 3,291,491.69
* Interim Dividend £360,000 paid at 3/8 per contras
8,841166.30
STERLING RESERVE.
By Balance 31st December, 1919.serious Transfer from Silver Reserve,aimisiin
SILVER RESERVE.
To Balance,
$ 1,963,636.36 30,000.00
DOLLARS.
12,304,013.50
$12,104,013.50
Sterling
**** £2,500,000. A Q
£2,500,000, 0.0`
***£1,500,000.00 1,000,000 0 0
£2,500,000 0 0.
By Balance December 31, 1919,
Less transfer to Sterling Reserve £1,000,000 @ 5/8.....
By Tran ́er from Proft & Loss Account,
A. G. STEPHEN, Chief Manager,
E. V. D. PAIR,
∙Dollars... $21,500,000.00
$21,500,000,00
$23,000,000,00
3,529,41176
1947
2,029/
$21,500,000.00
JOHN JOHNSTONE,} Directors,
V. M. GRAYBURN, Acting Chlef Accountant. G. M. DoDWELL, Joyce
We have compared the above Statement with the Books, Vouchers and Securities at the Head Office, and with the Returns from the various Branches and Agencies, and have found the same to be correct...
With the exception of certain distant offices, where the year is closed
as October 31 or November 30, all Branch and Agency accounts are made 10,110,377.14 up to December 31. $12,104,0135
F. MAITLAND,
E. AM. WILLIAMS, CA, FSA.
Hoogkong, February, 15, 1921.
Auditormi