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Desember 29, 1996.]
- CORRESPONDENCE.
TO THE EDIT ›E OF THE DAILY PRESS.
GODOWN MEASUREMENTS.
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Shanghai, December 18th. SIR-Will you allow a sinner to make stonement in your columns for one cubic foot; miscalculation?
I am obliged to Mr. David J. Lennox and Mr. A. B. C. for their correction. I admit my mistake, but plead extenuating circamstances, for the reason that in reality I am not six but only one cubic foot wrong in my calculation, namely:-
Gross measurement Less 30% for passages
cnb. ft.
CHINA OVERLAND TRADE REPORT.
and tally tables, he cannot, to be correct, be, allowed to take it off the result of the Second step in the calculation: When he in calculating cubic measurement, is dealing with the entire for space he must include everything coming under that term in one. factor of the statement or equation. To take off 3) per cent for passages, and from the remainder 20 per cent for loss in stowage, and then suddenly take from the result. per cent of the whole superficial area of the unit of cubic measurement, is not the way to work mansura- tion.
The clearest and safest way, really, to solve the question is algebraically. Let x equal the net available stowage space after making all allowances. Then
1-(P+p)- S 1 (P+p)
17
"
X.
Where P equals 30 per cent for passages stairs, etc. loss in stowage Substituting for the latters their values the equation is:
1.
.30
Less 20% for loss in stowage...
.70 c. ft. .14
11
.56 c. ft.
Less 5% of the entire floor"
space used for stairs, shafts
for elevators, pillars and tally tables
51 c. ft.
Total available space
That extra foot I will make a present of to the promoters.—Yours,to.
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HONGKONG CIVIL SERVANTS.
TO THE EDITOR OF THE DAILY PRESS,
Sir,-Au old Hongkongite now at home seuds me the enclosed cutting from the Glasgow Herald and knowing the cost of living here he says, "Is it any wonder men sco-pt bribes from contractors when snch wages are offered for what is expected of them?
Yours, etc.,
P.
[The cutting referred to thus reads
Overseer required for drainage work in the Public Works Department of Hongkong. The person. engaged will be in charge of drainage works and their construction, maintenance and cleansing. Candidates should be fully competent to set out and supervise cutting and shoring of treuches for sewers and construction of masonry and concrete storm water drains. They should have a good general working knowledge of drainage work, including the laying and jointing of stoneware or concrete pipes, and be able to measure up and make returns of quantities of work done and to make rough sketches and reports on existing drains. Age, between 27 and 35, preferably unmarried.
&.
¦
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1 −(3+05) − 2 [I −(1+16) : X. Then, 65-13 X
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Therefore, X52 or 52 per cent. If you have not the type for representing the equation algebraically it may be worked out arithmetically thus:-30 per cent for pss- sages plus 5 per cent for stairs, ete, equals 35 per cent of the entire floor space. Therefore, I
minus 5 per cent equa's 65 per cent. Now 20' per cent of 65 per cent, for loss in stowage, equals 13 per cent. Therefore, 65 per cent minus 13 per cent equals 52 per cent, which is the net available space for stowage after making all allowa ces.
Mr. Nielsen will, therefore, have to make the promoters of the scheme a present of two cubic feet in every hundred instead of one.
Yours faithfully, DAVID J. LENNOX.
CALCULATING GODOWN SPACE.
TO THE EDITOR OF THE "DAILY PRESS,
SIR. Your correspondents have one and all made a miscalculation. They have left out of consideration the space they have taken up in your valuable paper.
The only correct method is as follows. Let us presume that 2 + 2 : 4; this being so, it follows that in the case of a godown of 4 cubic feet capacity, if 2 feet are taken up by passages, tally sticks, etc., there must of necessity be sime space available for storing gin or other goods.
64
Yours faithfully,
U KLID.
We are obliged to Mr. Yu Klid' and the other contributors to this correspondence, and have decided that it has now reached a stage at which it may be dropped.-Ed.]
Salary, £165 per annum, and 180 dollart travelling allowance. Engagement for three years; 10ssible extension with increasel pay. Free second class passeges out for self, wife aud children, not exceeding fire persons in all, and home again after three years if engagement not THE EWO COTTON SPINNING AND extended. Strict medical examination.
Applications, stating age, whether married or single, number of children, full particolare of experience, accompanied by copies of test monials (not originals), with nams and addresses of referees of whom inquiry can be made as to capabilities and character, will be received by the Crown Agents for the Colonies, Whitehall Gardens, London, S.W., up to the 17th November. Quote M2632 and name of this paper on the top left hand corner of letter of application."
Another question arises: How much are the Crown Agents going to profit by this $130 a month man?]
CALCULATING GODOWN SPACE.
TO THE EDITOR OF THE DAILY PRESS.'
11
WEAVING CO., LD.
ANNUAL MEETING,
year's working account” showing a larger credit balance than at any previous period in the history of the mill. The price of Chinese cotton thronghont the year has remained on a fairly steady level, the "average being slightly lower than in 1915. The quality has been good, being notably free from moisture, while the ample supplies have enabled us practically to dispense with the use of the imported article. The engines, boilers and machinery ≥ have, according to custom, been thoroughly over hauled during the year, and our manager reports that all are in first-class condition and this is borne out by the fact that in maintaining everything in a most efficient state we have spent no leas a sum than Tls. 28,104.70. Turning to the figures in the account naturally the item that must first attract attention is the high sum at which “Yatn Stocks" stand, and in this connection I would explain that over three-quarters of this amount is sold to buyers of unquestionable security and the remainder is taken into new account at a considerable discount on current quotation. There is no cause for apprehension on this latter point. As regards waste the high rate of sterling exchange has enabled consumers to import from Europe on favourable terms, while at the same time prohibiting the export of our production, but I am pleased to say that since stocktaking practically the whole of the stock under this heading has been sold at a profit on the taken over price. I trust that the shareholders will apprope the conserva. tive policy recommended by your Committee in the proposed distríbation of onr available . balance. In transfering the sum of Tls. 150,000 to au account for the equilízation of dividends it is our aim to place the company on the basis of a steady dividend-paying concern, in pro- ference to distributing the whole of the profits earned during what has been an exceptionally prosperous period. The outlook for the imme- diate future is, as yon are probably aware, by no means as favourable as at the same date last year, and your committee therefore feel justified in recommending that the substantial sum of Tls. 64,986.25 be carried forward to a now account. You will observe that the sum of ils. 45,939,90 set aside last year for repairs and renewals is still untouched, the expenses ia- !curred under that heading during the year, viz., Tls. 28,104.79 having been borne by the working account. Before proposing the adoption of the report and accounts I shall be very pleased to reply to any question that share- holders may desire to ask.
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There being no questions the following resolutions were carried unanimously :
Proposed by the Chairman, seconded by Mr. McLeod: That the report and accounts as published be adopted.
Proposed by Mr. W. C. Murray, seconded by Mr. H. J. Clark: That the Consulting Committee as at present constituted be re-elected.
Proposed by Mr. Barham, seconded by Mr. Hant: That Mr. G. R. Wingrove be re-elected auditor for the current year.
The Chairman thanked those present for their altendance, and announced that dividend warrants would be posted shortly.
THE NEWCHWANG RETROCESSION.
TEIT OF THE CONDITIONS.
The eleventh ordinary meeting of this company was held at the Shanghai offices of Messis. Jardine, Matheson & Co., Ld., on D. cember 18th. There were present: Messrs. H. Keswick (Chairman), P. F. Lavers. A. MoLeod, Lord Li Ching-fong and Zee Kwei- ying (Directors), W. N. Fleming (Secretary), A message to the Aˇakí gives the following J. Byrne Hackett, I. M. Young, J. D. Clark, as the terms of the retrocession of Newchwang W. H. Barham, A. L. Anderson, W. C. Murray, | as published in the Chinese Press at H. J. Clark, R. H. Hunt, F. Gore, L. D. Tebb, | Shanghai :- Woods, J. Kerfoot and Yuen Chan.
1. That the Japanese troops should evacuate Newchwang.
he Chairman-Gentlemen, -The audited account of the Ewo Cotton Spinning & Weaving Co., Ld. for the year ending October 31st, 1906, and accompanying report, have been in the hands of shareholders for the period prescribed by our Articles of Association and with your permis- Hongkong, December 24th.
sion we will follow the usual procedure and SIB, I have read in this morning's Daily accept them as read. At our last annual general Press the letter of Mr. G. Nielsen. I would meeting on December 16th, 1905, my predecessor not have written anything more on the subject announced to the shareholders that the mill's had Mr. Nielsen, in his amended statement, production was sold for four months ahead at not erred in his method of calculating in good, night and day working profits, and the exactly the same manner as he did when address-favourable condition of markets enabling us to ing the shareholders, which method he admits in his letter was wrong. If he is going to take off other 5 per cent of the entire door space for stairs, shafts, elevators, pillars,
continus an adherence to this policy, viz., of selling yarn forward and simultaneously covering with purchases of cotton so as to secure a certain profit--has resulted in the
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2.-That legal cases decided by the Japanese Military Administration office should not be re-tried by the Chinese Court after the retrocession of the port.
3. That Japanese should be engaged for the police and health administrations.
4 That the water-works and electric light business in Newchwang should be conducted. in the joint interest of Japanese and Chinese.
5. That the existing telephone opened by the Japanese authorities should by purchased by the Chinese telegraph office.
Bervice
6-That the slaughter-house should be re- purchased by the Chinese authorities.
7.-That the Customs revenue should be temporarily deposited at the Specie Bauk.