November 23, 1901.]
CHINA OVERLAND TRADE REPORT.
LIMITED.
427
all kinds and classes of people take every pos- THE DAIRY FARM COMPANY, of $137,000. We have received two months sible opportunity to "fleece" him. Jack expects to be fleeced to a certain extent, but some people give him credit for so little intelligence and demand such exorbitant rates that his sense of justice rebels against such outrages and he is
forced to vindicate himself as best he can as
"he is no more of a shining light than that much abused person, the ricksha-coolie", and has no one to look to for sympathy or assistance. It was but a week since while ashore in Hong kong, I engaged a ricksha and after shopping for two hours or so the coolie expressed a oraving desire for "chow", for which I mag nanimously tendered him a dollar and I was not in a “maudlin condition" either. In a re- markably short time the coolie reappeared and I continued my shopping for about twenty minutes and endeavoured to dismiss the coolie with ten
more.
"One who knows
"3
cents additional but he strenuously demanded Under such circumstances what would recommend--a compliance with every demand, or would he exercise a little commonsense regardless of the opinions of idle
observers?
That is not the only experience of that kind I have had with the ricksha-coolie, and my shipmates are invariably troubled in a like manner. I would suggest that a scale of rates be posted in every ricksha by order of the Police Department, as this would serve as a guide for the sailor in summing up the amount he "robbed the ricksha coolie of", and would save the Chino a great deal of breath to thank **One who knows for a twopenny fare. Yours, etc.,
JOHN SHERMAN,
U. S. Navy.
THE WATER SUPPLY.
TO THE EDITOR OF THE " DAILY PRESS.
*
Hongkong, 19th November. SIR,--No Wanderer lost in a Sahara longs as` the residents of the Belilios Terrace are at the present time longing for water! When there is a dearth, as at this season, it is well and good that the water-supply should be cut down and limited to certain hours in the day, but there is no reason why in some quarters the supply should be, it seems, shut out altogether.
Many of us are paying as much as 40 to 50 cents a day to outside coolies for a few pails of more or less turbid water and just enough for washing the hands! A letter on the matter appeared in your paper some days back but it had, to all appearance, the same effect to rouse the W.A. as if one were to present an address to a mummy. Thanking you for the insertion of these lines.-Yours, etc.,
NO WATER.
WATER-FAMINE AND INUNDATION- RELIEF.
TO THE EDITOR OF THE "DAILY PRESS."
Hongkong, 20th November. SIR,-In His Excellency's speech at the New Tung Wa Hospital it is hinted that shortly this community will be approached with a subscription for relief to the sufferers by the Yangteze inundation. Let us hope that His Excellency, will also kindly see that measures are adopted to allay the prevalent distress caused by the water famine here. Many months must elapse before relief may be expected in the shape of rain. In the meantime where are the two hundred thousand inhabitants to obtain their supply of water, which is already so scarce? And it must be borne in mind that the greater part of them is not in a position to pay for water, while it is precisely that section that, on sanitary grounds, need it badly. Under the circumstances, the proverbial munificence of the Colony should likewise be relied upon, and with better justification, for
CHARITY BEGINS AT HOME
|
|
ANNUAL MEETING.
The fifth ordinary yearly meeting of the Dairy Farm Company, Limited, was held at noon on the 16th inst. Captain Tillett, Chairman of the Board of Directors, presided, and the others present were Dr. Noble and Mr. F. Maitland (Directors), Mr. James Walker (Manager), Mr. R. P. Moffitt (Secretary), and Mr. Ling Wong.
The notice convening the meeting having been read by the SECRETARY,
extra rent up to the time of transfer, but on the other hand had to pay some expenses con- nected with the sale. The question before us is to decide what to do with the money. It seems to me and your Committee that by the sale of the whole of the property the best course to follow is already indicated, namely to wind up voluntarily and return the money to the shareholders. If this would be agreed on the financial position would be as follows: when adding some interest now accruing ve have 8
cash balance in the Bank
for
The
of round $139,000, against which there is no debt 80 to speak.
deductions The CHAIRMAN said—Gentlemen, the report
there are only come under the heading and statement of accounts having been in your hands for several days, I will, with your permis-
of small expenses, a few hundred dollars, about $25, for sion, adopt the usual custom and consider the
outstanding dividends, general managers and same as read. Your Directors are pleased at remuneration
the cost of being able to present to yon such a favourable consulting committee, besides report, and trust that the same satisfactory liquidation. I make this a total of 34,000, so state of affairs may continue in the future. that we shall have in hand about $135,000, or The business of the Company has increased almost $52 per share. Before putting the considerably during the past year, and I am resolution specified in the notice, I shall be glad pleased to say that there is every indication of to answer any questions, the increase continuing. The Board propose paying a dividend of one dollar and a quarter
There were no questions and the resolution was put to the meeting by the CHAIRMAN.
It was seconded by Mr. NORTHOOTE and car- ried unanimously.
On the motion of Mr. DICKSON, seconded by Mr. VON DER HEYDE, the remuneration to the liquidator was fixed at $2,000.
per share, absorbing $12,5, and to transfer $8,000 to Reserve Fund, deeming it advisable, owing to the nature of the Company's business, to build up a substantial reserve, and trust that this view will meet with your approval. The health of the herd has, on the whole, been good, be held later to confirm the above resolution.
A second extraordinary general meeting will and any sickness which occurred has always, owing to the system of isolation adopted, been pre- vented from spreading beyond the shed in which | HONGKONG STEAM WATER-BOAT it broke out. I see no useful end in enlarging on matters concerning our Company, so will allow the Report to speak for itself, but, before
The following in the report for presentation to moving the adoption of same, I shall be pleased | shareholders at the first annual general meeting to answer any questions.
to be held at the Company's Office, No. 20, There were no questions, and on the motion | Des Vœux Road, at noon, on Monday, the 25th of the CHAIRMAN, second by Mr. MAITLAND, November :- the Report and Accounts were adopted.
COMPANY, LD.
ACCOUNTS.
The re-election of Dr. Noble and Mr.
The net profit after paying all working ex- Maitland, the retiring Directors, was proposed pences is 88,864.58 and the balance remaining by Mr. WALKER, seconded by Mr. LING at profit and loss account after deducting WONG, and agreed to unanimously.
interim dividend and consulting committee's The CHAIRMAN, seconded by Mr. MAITLAND, | fee $3,126.00 paid on 24th April, 1901, is proposed that Mr. Fullarton Henderson be re- 85,738.58, which together with interest received elected auditor for the ensuing year. The and scrip fees gives a total of $5,867.56 which with the approval of the shareholders, it is proposed to appropriate as follows:- Consulting committee and auditor's
motion was carried.
It was also proposed by the CHAIRMAN that the auditor's fee be increased in future to the sum of $50 per annum,
Mr. WALKER seconded, and the motion was carried.
The CHAIRMAN-That is all the business. Dividend warrants will be ready on Monday morning.
WANCHAI WAREHOUSE AND STORAGE CO., LTD.
J.
Au extraordinary general meeting of share- holders in the above company was held at the offices, No. 5, Queen's Road Central, on the 18th inst. Mr. J. G. Schroter occupied the chair, and there were present-Messrs. Orange, A. G. Norris (consulting committee), H. Brodersen (secretary), O. Von der Heyde, H. Oldenburg, C. W. Dickson, N. P. North cote, and B. Shepherd.
The purpose of the meeting was to consider and, if thought fit, to pass the following resolution:-That the Company be wound up voluntarily, and that Johann George Ludwig Schroter, of Victoria, in the Colony of Hong- kong, be and is hereby appointed liquidator for the purposes of such winding up."
The shareholders were also asked to fix the remuneration to be paid to the liquidator.
The notice convening the meeting having been read by the Secretary,
The CHAIRMAN said-Gentlemen, since you approved in the last meeting of the sale of our property and authorised the general managers to take all necessary steps in connection there- with, the property has been duly transferred to the new owners after arrival of the documents Messrs. Jardine, Matheson & Co., the agents from home which were needed to free it from encumbrances, and the money was paid to us of the Indo-China S. N. Co., informed us on the 17th inst. that they were in receipt of a tele-early in September. You will remember that gram from London that the Board of Directors of the Company have declared an interim dividend of 8s, per share, free of income-tax, for the current year,
the amount was $300,000, less 1 per cent. brokerage, out of which we had to pay off the mortgages, one for $140,000, and the other for $20,000, thus leaving a balance
fees
$ 475.00 Final dividend of 6 per cent. making
12 per cent. for the year Write off Goodwill
-
13
"
Furniture
Wanchai Pipe and Staging Carry forward to new account
Total..
BOATS.
8,510.00 1,500.00
70.00
53.48
259.08
$5,867.57
The new steam water-boat built by Messrs. Bailey & Murphy for the company was de- livered in the month of August and is giving every satisfaction.
In view of the law value at which the boats, taken over from Mr. J. W. Kew, stand in the company's books, the Consulting Committee has not considered it necessary to write off anything this year.
CONSULTING COMMITTEE. Messrs. Liao Taze San and Chau Sui Ki retire from the Committee but being eligible offer themselves for re-election.
AUDITOR.
The accounts have been audited by Mr. W. Hutton Potts who offers himself for re-election.
LIAO TSZE SAN, Chairman.
Hongkong, 16th November, 1901.
The death ocoured on the 29th ult. of one of Bangkok's oldest residents in the person of Capt. S. J. B. Ames, who succumbed to dysentery. Capt. Ames was close on 70 years of age. In 1864, in the last Siamese King's reign, he was engaged in Singapore to orgainse the Bangkok Police. He went to Bangkok on a three years' agreement, and he relained his position for twenty-six years, resigning in 1890. It was a more difficult position than it is to-day, but Capt. Ames managed to do some useful work, and he received decorations from the King of Siam.