TUESDAY MAY 6, 1924
SHANGHAI RACES.
OPENING DAY OF SPRING MEETING.
THE RESULTS.
Yesterday was the opening day of the Shanghai spring moeting. There were eleven events on the.
GERMAN
ELECTIONS.
BERLIN, May 5. Suflicient results are available to Indicate roughly the constitution of the new Reichstag. The Socalists losd between an ghd 60 seat chiefly to the Communists, but rémain.ibe strongest party, with about 100 de puties omjured with 172 before the
THE CHINA MAIL.
GOOD YEAR,
CHARTERED BANK'S
PROGRESS.
REVIEW AT ANNUAL MEETING,
The 70th ordinary general meet-
dated securities, giving a better return, which accounts for part of the decline of £8,987,842 6s. 8d. in our Bills of Exchange, including Treasury Bills, from £17,932,445 in 1922 to £18,944,602 18s. 9d. at the end of last year. Our bank premises at £71,050 14s. 9d. show a small increase over our 1922 figures, but this year's allocation. will brink that down."
The net profit is just about the
Hongkong Club for the following are sand largest with some minety Chartered Bank of India, Austra- to pay the same dividend and card, and we are indebted to the elections. The Grooming, Nationale ing of the shareholders of the same as in 1922, and enables us seats gain of between 20 and 25. lis and Ching was held on Wednes-bonus to shareholders, and to CUP.-One/The Communists hove, 45 or 50, an day, April 2, 1924, on the Bank's make the same allocations to inereuse of between 90 and 35. The premises at 38, Bishopsgate, Lon-reserve, officers' superannuation rolat ve position of the other parties don, EC., Sir Montagu Cornish fund, and premises account.
results:-
THE CHEFOO mile and three Furlongs. Mr. Henry Morris's Patsfield,
(Mr. Heard) Mr. Day's Bonnie Scotland,
Me, N. Dallas)
Mr. Durgor's Kashmir.
(Mr. Burkill)
Time: 3 mins. 00 4/5 secs.
3
is still uncertain, as mumerous results have still to come. The extreme
Nationalists wil praathane about twenty, compared with three in the last Reichstag, The form of the now government is not quite
Turner (the chairman) presiding.
The Chief Manager (Mr. W. E. Preston) having read the notice convening the meeting and the report of the auditors,
THE CRITERION STAKES. cleur ne puistone, bilt there is evidenco I should like to explain, in regard an appalling loss of life and pro-
that the German Nationals will
One Mile.
Mr. M. M. Sokoloff's Ataman;
the deciding. J'acter.
(Mr.Sokoloff) T
(Mr. Crokam) 2
Mr. Toeg's McKenzie,
Mr. Campos Old Bill,
(Mr. Band) 3
Time: 2 mins. Og secs.
THE GRIFFINS PLATE- Three Quarters of a Mile. Mr. Harry White's Don
Alphonso, (fr: Patterson)
Mr. Day's New Zealand,
(Mr, A. N. Dallas) 2.
Mr. Liddell's Ryecroft,
(Mr. Brand) 3.
Time: min. 32-15 secs.. THE CATHAY, CUP.-One
Mile and a Quarter.
Mr. Harry White's Kings
Cross, (Mr. Patterson)
Mr. Henry Morriss Englefield..
(Mr. Heard)
Messrs. Potts and Hayin's
Harvest King, (Mr. Hill) 3
"COW & GATE MILK FOOD.
is PURE ENGLISH MILK deprived of its water.
It is obtained from COWS of the finest stock," which graze on the RICH PASTURES of the SURREY HILLS
It is the ONLY product of its kind of English manufacture, and has been awarded gold medals and First Frizes at all Exhibitions.
IT HAS NEVER BEEN BEATEN BY ANY SIMILAR PRODUCT.
COW & GATE MILK may be used for all purposes where fresh milk is required. For infants, invalida, and especially for all domestic purposes; it will be found to be more.... than twice as economical as fresh milk; it will not sour but keep for a long time, and moreover it is more hygienic in use."
..
COW & GATE is entirely MILK, and it TASTES exactly as milk should; not like similar products that may be artificially fortified or preserved, and will be easily recognised by their peculiar" Biscuit" flavour.
---It-is-now-for-the-first-time,-available-in-the-FAR EAST_
May be obtained from all Chemists and Stores.
Sole Agents for Hougkong and South Ohina:
A. S. WATSON & Co., Ltd.
Established 1841..
The Japanese Calamity. Far East has been the disastrous The outstanding feature in the earthquake which visited Japan on The Chairman said: Gentlemen, such a magnitude, involving such September 1 last. No disaster of to the concluding part of the perty, both in Tokyo and Yoko- auditors' certificate, that the reason why the full details of the happened in our generation. hama, has, I belleve, previously Yokohama Agency have not been Material damage, caused partly by received is that nearly all our fire resulting from the earthquake. accounts and books were destroyed to the extent of many millions ut the time of the earthquake in sterling has resulted, but, thanks Japan. The earthquake occurred to the marvellous energy and in the middle of the day, when indomitable.courage of the Japan- business was in full swing, and in ese nation, their Government t the space of six seconds the bank's once took in hand the reconstruc premises were destroyed. It is tion of the two cities, and in a hardly to be wondered. at that the wonderfully short time business books and papers which were then being used were destroyed by the recently delivered in London by was resumed. From a speech earthquake and by the fire which Mr. Inouye, Intely Finance Minis- followed it; but, thanks to the ter in Japan, it would appear that energy of our staff out there, we in Tokyo the number of lives lost are pretty well prepared with all was about 85,000, and the number details and statements, so that there is no trouble "arising from against this loss about 150,000 of houses burnt 360,000, but the destruction of our records.
Having expressed regret at the
temporary dwellings had been unavoidable absence of Lord erected, and of the 1.000,000 people who had left the city during George Hamilton and Sir John the earthquake, about 600,000 had want of security in the transit of Jordan, through ill-health, and ulso of Sir Alfred Dent, the chair returned. Their energies, said Mr. goods inland, and business both in man proceeded:-Before dealing
Inouye, were splendid. It speaks North China and in Hongkong is volumes for Japan as a nation deplorably dull. This state of with the business before us, that the recent loans issued in things, I fear, will continue until Up to six o'clock this morning at would refer briefly to the loss London and New York loans China is blessed with a really of 35 elector: diseries the resuh sustained by the board of directora ned entirely on the credit of powerful government determined of the election in 22 were known in the very sudden death of their Japan and without any collateral to rule, and to put an end to the Hitherto 244 enndidates have been returned, including Social Democrats much-valued and respected col-
Comms 38. Der 12, league, the late Sir Duncan security--met with such a wonder-disturbed state of the country...
There was an "Improvement in ful response and such a success. Carmichael. With his long and So fir varied business experience, added It is a testimony to the honesty trade in Siam during 1923 as com- thirteen "Bavarian Poop Party to a sound and impartial judgJapan as one of the great powers the prospects of the new rice crop and high commercial standard of pared with the previous year, and didates hay be armed and ment, although a comparatively of the world. (Hear, hear.) are considered to be good. The tem candidates of ripe Peasants' young member of the board, Sir Party In Bevarin. Warnberg Duncan proved himself to be of 1 regret to say that although the hear that, in conjunction with the As far as this bank is concerned, shareholders will be pleased to and Hosse about 75 per cent, of the (Mr. Crokan) 3 sextonite all over the Reich land delstation assistance in the material loss in Yokohama, result National Provincial Bank, Ltd we include Directors, especially in all ques more than might reasonably have Royal Siamese Government 6p.c. ing from the earthquake, was no successfully issued last week the Prino Bismark. Count Westorp, tipus connected with Eastern- General Enderaorif, Dr. Dernburg, trade. Apart from that, he was fully provided for, we sustained a was applied for over ten times, had to provide this year has been been expected, and which has been loan for $3,000,000." The amount modation which the banks have 1 lifeline Mury Wirth. Stres to some of us an intimate and grievens loss in the most regret and this was due to the eminently about 35 crores of rupees.
mann and Yen Tirnitz? - ་ ་་
The results of the clections, have appreciated friend of many years' table death of our manager, Mr. satisfactory financial position of *. (Mr. A. N. Dallas) 2
hitherty already made it clear that standing, and his passing away A. H. Tait, unfortunately killed Siam, as evidenced by the table the extreme, Nationalists live in created a void which it is not easy when a short distance from the furnished in the prospectus of the sideration, the general post-the election of Mr. Colin F. Camp Taking everything into con-seconded by Mr. L. A. Wallace, (Mr. Brand) 3) Time:---I-mín. 24.45 secs,
nowise long ng well as was expected to fill.
The vacancy on the board has excellent service in the bank. He country.
bank-building- Mr. Tait had done revenue and expenditure of the THE KIANGSU CUP.-One and must be content to frize a báck
tion of business in the East bell to the board was confirmed seat in the new Reichstag "ven in been filled by the election of Mr. was a man of great promise, an
As regards the Straits, the posi- is far healthier than it was 12 and on the motion of the Chair-
Time: 2 mins. 50 4/5 srès.
THE POU-MA-TING CUP.--
One Mile,
Mr. Fash's Silver Spear,
(Mr. Heard)
Messrs. P. M. Lancaster and W. A. White's Irrepressible, (Mr. McBain) Mesir. E. A. B. and N. W. H.'s Light Hand (Mr. Brand) Tive: 2 mins 12 4/5 secs. THE HART LEGACY CUP
'Half a Mile.
2
a
Mr. Henry Morriss Henryfield..
(Mr. Heard) T Mr. Harry White's St. Paul's (Mr. Patterson)
Mr. Toeg's Archer.'
Time: 1 min: THE NANKING CUP-Three
Quarters of a Mile.. Miss Billy Coutts' Skyros,
(Mr. Knoll),
Mr. Day's Shenkoland,
Mr. Liddell's Carlington,
Mile and Three Quarters.
Messrs. Day and Toeg's
Columbia, (Mr. A. N. Dallas)
I
GENERAL LADENDORFP,
Centre, 18, German Peoples Party 25, German Nadiesla (19
pulled Those elected
wont to Germs Nationals.
GOERZ C. P. GOERZ
TRIEDECENT CELE
H-LL,
LENSES
CAMERAS
BINOCULARS
GOERZ TENAX
LAW & Oo:
30-32, Des Voeux Rond, Central ⠀⠀
Eastern Business Healthier.
seconded the resolution, and it was Mr. W. Foot Mitchell, M.P.,
unanimously adopted.
On the motion of the Chairman,
of Munich a large number of votes į Forbes, Forbes, Campbell & Confaithful servant. His death is althe world-wide "demand for tin.stocks of goods have been gradu. Prophit, the retiring directors, Mr... the extreme Kationalists stronghold Colin F. Campbell, of Messrs.indefatigable worker, and a most tion has much improved owing to months or 18 months ago. The old man, seconded by Mr. J. M., G. Jis Lid., of London and Rombay. Mr.distinct loss to the banks and to and the comparatively improved ally worked off, and, when prices Colin F. Campbell, Sir William (Mr. Stewart):2 signiflent that the extreme, national-] Campbell has had a long and who knew him as a friend. The position of rubber. The improve. /of commodities have Been leveiled Henry Neville Goschen, K.B.E...
Mr. Henry Morriss" Abbeyfield,
(Mr. Heard) 3
Mr. Henry Morriss' Letchfield,
Time: 3 mins, 55 secs.
Mile and a Quarter. ..
THE ECLIPSE STAKES.One the late Hej Hollerich was the leading figures in banking and would take this opportunity of rubber industry will come into its neas: How farave may look for Mr. HB Henley seconded, and it
Mr. Liddell's Ravencroft,
2
(Mr. Burkill) 3 Time: 2 mins. 49 4/5 secs. THE HANKOW CUP.-One
Mile ancha Quarter.
jown.
iste did not gain a single seat honourable business career in
the producer. the and the Rt. Hon. Lord George in rewird einry. "On the other London and in the East, and has a board of directors and management is doubtless due to restric-between
Mr. Robert F. Banks proposed, and then Natural fom deserved reputation as one of the ment have already expressed their tions in the output, but it is clearly exporter, and the consumer, there Hamilton, G.C.S.I., were re-elected.
sympathy with Mrs. Tait, but only a matter of time when the should be an improvement in busi heater and Whe aeg Morurists and commercial life in the City of Lon-doing so publicly, and also of reactiaries mud appants of the
an improvement in business in this was unanimously agreed, that Mr. don. I am sure you will agreu expert's plans, had done extremely (Mr. Brand) 1
country is really rather pro- DC. Wilson, F.C.A., and Mr. expressing very great sympathy well and will be the sword strongest with me that we are fortunate in with Mr. Nicoll, one of our assist- India's Improved Finances.
blematical, in view of the incessant H. C. K. Stileman, F.C.A.. be re- Mr. Day's Borderland,
(Mr. A. N. Dallas) party in the Reicheng with about having secured his services, and ants in the disaster which befell As regards India, too much industrial unrest and the incessant appointed auditors.
ninety seats ervaared with 67 pre-you will be asked to-day to confirm him in the death of Mrs. and Miss importance should not be attached strikes, which are really. the
Mr. F, Tomkinson proposed a Mr. G. D. Coutts' Plumpton,
viously. teininunists have done his election.
Nicoll. We would also sympathise to the political troubles which at heaviest cloud overhanging the vote of thanks to the directors and even better than expected and obtain. Results Not Unsatisfactory. with the relatives of those mem-present exist, and must cause horizon of our present and future staff for their successful manage-
nearly sixty seats compared with
Referring to the report and bers of our local staff, ten in num- some anxiety to the Viceroy and trade. This increased cost of pro-ment of the business. In doing so fifteen previously. It is noteworthy that they have gained partleniarly at balance-sheet now submitted for ber, who lost their lives when at those responsible for the good and duction. with no increase in the he said that were it not for the the expense of the Socialists in ce your approval, I trust you will their post of duty in the bank peaceful government of the coun-output of manufactured articles,able management of Mr. Preston try. India is sound at heart, and makes it extremely doubtful whe- and his staff in London, and the upied territory and also scored agree, that, in view of all that building.
Ispite of the disaster and all loyal, despite the occasional blasts ther we as a nation can hold our managers and staffs abroad, the evil in parts of Berlin-and the happened in 1923, and all that did big industrial towns in Saxony and not happen in the way of revival the consequence resulting thereof hot air which at times cause an own with other competing coun-shareholders would certainly not Thiningia. Seemingly practically of trade, and in spite of keen com- from, the bank's business, which overheated atmosphere in the tries--especially Germany, France be receiving a dividend of over 20
very former independent Socialist petition, the results shown are not had been transferred temporarily Council Chambers of our great and Belgium. In any case, wep.c. (Hear, bear.)
Mr. B. R. Glover seconded the has gone over to Communism. unsatisfactory. The year 1928 from Yokohama to Kobe, has been Dependency. The financial posi-must hope for the best, and we can
was a year of disappointment, and again transferred to Yokohama, tion has much improved, and rely on our managers and staff at vote, and it was unanimously perhaps of disillusion, in that we where we have a temporary office, practically the deficit in her home and abroad continuing to accorded.. -
The Chairman briefly acknow. did not experience a substantial and an agency has also been Budget no longer exists. The tea show the zeal, energy and ability. revival in trade, nor did we wit-opened at Tokyo to meet the industry is very prosperous, and which has resulted in the success ledged the compliment on behalf of ness any marked improvement in requirements of our friends and jute holds its own. There have, of this bank, and for which we the directors. the unsettled political condition or customers. Our staff, both at been good crops of wheat, cereals directors beg to thank them. The
Mr. M. M. "Sokoloff's Bonne
Affaire, (Mr. Sokoloff) (Mr. A. N. Dallas)
Mr. Day's Republicland,
Mr. We Two's Young Bill,
}
(Mr. Hill)
3
Time: 2 mins. 46 4/5 secs. THE HONGKONG PLATE.
Seven Furlongs.
Mr. Henry Morriss' Rayfield,
(Mr. Stewart) 1
Capt Bahnson's Lyksborg,
(Mr. Hill) 2
Mr. Harry White's Don Pedro,
(Mr. Patterson) 3-
Thue: 1 min. 52 2/5 secs.
HONGKONG FILMED.
WEMBLEY PICTURE
SCREENED.
Although taken for the benefit of those at Home who have never visited the Colony, the four-roel film "The Port of Hongkong" must be wonderfully interesting even to those in the Colony who are acquainted with its every detail.
HERR STREEĽMANNŲ
emerged from that period of struct the cities of Tokyo and The cotton crop of India, at and loss account be approved and proceedings terminated.
BILLIARDS:
Mr. W. E. Preston (Chief ⠀ -- in the financial condition of Cen-Yokohama and Kobe, deserve the and oil seeds, but prices require financial position of this bank is Manager) also acknowledged the tral Europe. This state of us highest praise for the manner in adjustment, quotations from the such that we are prepared to meet, vote on behalf of the staff. They settlement permeated both East which they carried on under East being above the level of those at any point, and at any moment, had had, he said, some grey days and West, and in consequence we circumstances of the greatest ruling in Western markets, and the increased demands of our in 1923, but they hoped that 1924 experienced a period of great dif- difficulty, and danger. (Hear, business is thereby restricted. It friends and customers when the would provide a reaction. (Hear, culty and at times no small hear.)
is interesting to note that the local hoped-for revival of trade in the hear.) anxiety. Thanks, however, .to
On the propósition of the Rev. As might be expected, the bal-consumption of certain seeds is East and in the West has come to careful and capable management ance of trade is at the moment on the increase, especially edible pass. With these remarks, ladies II. A. Raynes, a hearty vote of and remitting attention on the against Japan, partly due to oil seeds, and the quantity avall and gentlemen. I beg to move that thanks was accorded to the Chair- part of our managers and staff at national causes, such as the importable for export is therefore not so the report now presented, together man, and, Sir Montaga having home and abroad,
with the balance-sheet and profit acknowledged the compliment, the we have of material necessary to recon. large as usual.
anxiety and perplexity with some Yokohama, but also to the im profit and without any serious lossportation of sundry goods which 5,000,000 bales, was about the adopted. Y call on Mr. Cuth- Mr. Thomas Cuthbertson second- Turning to our balance-sheet, would seem to have been due to normal, and it is rather interest-bertson to second that motion. our total figures at £68,765.547 speculation and not to the legiti-ing to note that the total cotton 11s. 10d., showing a reduction of mate requirements of trade. This crop of the world is about ed the resolution.
Mr. F. Tomkinson said that he Acquaintance with the Colony
The German People's party be 21,387,835 48., as compared with undoubtedly has caused the fall of 17,000,000 bales. Of that America will at-any-rate lead to a fullerby Herr Streseman has done badly those for 1922, merely reflect the the yen to a level, below Es, and is supplies 10,000,000 to 11,000,000; | would like to associate himself THE HO KOM-TONG CUPI realisation of the difficulty of and is likely to lose a score of seats generally slacker state of trade only of a temporary character.
India comes next with 6,000,000; with the remarks which the chair-
At the Palace Hotel last night to the German Nationals. The
As regards other new branches, China supplies about 1,750,000; man had made regarding the loss a deeper appreciation of the work Catholic Centre party undor Marx during the past year. It is plens- of Mr. M. F. Rey, Acting Secretary and the Democrate both held their ing, however, to note that our I may mention that we have and Egypt 1,250,000; and now we of life during the earthquake. The AJ Osmund defeated K. K. to the Chamber of Commerce, ewn and will have over sixty and current accounts and fixed recently opened at Semarang in have, as mentioned in the speech shareholders shared the sympathy Leang. Osmund owed 325 and Heed his points Lenng had only at the meeting of the National relatives of the victime. under whose supervision the about forty souts respectively as be-deposits at £41,590,027 18. 2d. Java; and Zamboanga in the of Sir Charles McLeod yesterday felt by the directors for the Leang 250. When Osmund reach pictures were produced by the fore. No important changes are ex-compare 80 favourably with Philippines.
The chief breaky of the evening! Bank of India, East African cotton congratulated the chairman on the knocked off 218 of his handicap, Sun Motion Picture Co.
The official exhibition of the pected in other groups. The posi- the £42,408,289 10a. 11d. of the
The position in China, I regret coming into the market to the interesting nature of his address, were: Osmund, 23, 26, 34, 23, 302 tion of the new Reichstag is very preceding year. Our cash in hand pictures was held last night at the interesting but complicated. There and at bankers at $4,679,004 168. to say, shows no signs of im-extent of about 100,000 bales; that and expressed satisfaction with 63, 34 12 and 45. Leuag, 21,
his reling of confidence in the and 21. Halona Max Insiliate, HE the trainty that the jury of 9167190-10-8d--higher than+provement Civil war is rife and is most promising, Governor being present, also Sr the deputies will favour the scout- the same item for 1922, amely: huge sums are taken from the Out of the 6,000,000 but grow, stability of India. Cloud Severn and members of the ance of the expert reports bát a two) £4,515,804 168, 9d., whilst bulllon revenues of the country to main in India, Europe takes about The Twolution "vas Legislative Council.
thinks majority is necessary for a on hand and in transit at tain vast bodies of troops, who are 1,050,000, and China and Japan unanimously.. change in the Constitution involved. 21,080,190 46. exceeded our 1922 danger to all peaceable citizens, 1,700,000 bides. Taking the Supplied By All Chemists
The acceptance of the exports is im figure by £504,498 98. 6d. Our and who consume the revenues ordinary current price of to-day ""That a dividend at the rate of mail much as he plea is sure some Fayetlany prescribe Chamberlain's possible washout the support of the holdings of Government and other which are required ter the for 2,700,000 bales, it means about 14 p.c. per annum for the half year and very suddenly Chamberlain Collo and Diarrhoea Remedy boostise German Natanals. If they remain rallevei. mumps in the stomach; and -intestinal pain! quicker than any pre-irrooncilable opponents to the re-securities totalled $14,885,289 11s. economic development of the coun- £85,000,000, and that sum has to ended December 81 last, together and Diar Lock Remedy. It parition they cant Dompound. It can ports, which is doubtful there will 4d over our closing figures for try after due payment has been be found chiefly by the exchange with a bonus of 62 3d per share, alma fictantly gonizing. Somach and will keep for years sid no hamé is causing the reports and evil days will advantage of a change from Trea, domestic loans. Both imports and in fact, owing to the additional declared payable on and after the in rele helt so kept be bought from any chemist A botte be no chance of the Reichstag adopt 1922, due to the fact that we took made of interest on foreign and banks for financing the export free of income tax, ba how bowel palar, but wathar orampe and plote without it. Bald everywhere, fo
Jaury Bills to somewhat longer exports are suffering from the price of cotton, the extra accom-19th inst again fall topon Germany-Reuter.
Alming an island such as ours and
CFina's Troublės.
ch:ried] mm
The Chairman next, proposed
4 Boy and His Stomach
"he boy who este whatevor, when T
kaj