Į
Manly 4, 1907.]
capital in London. Any person desiring to obtain shares from that company can apply to the representative of the syutdicate who is now, in China. The time limited for the application of shares is two months.
CLEANING THE STABLE.
It is said that some time ago the Viceroy ordere! an inquiry to be made into the conduct of all the civil and military officials and the result is that over ten officials have been cashiered.
February 28th.
VICK-REGAL TOUR.
His Excellency Chou Fu has decided to makes long tour of inspection up the East River shortly after the opening of the official seals (3rd March). He has given instruc- tions to his subordinate officials to make the necessary preparations for the expedition.
CHINA OVERLAND TRADE REPORT.
COMPANIES.
145
building yard, quite a number of small oraft having been turned out and others are now
HONGKONG AND WHAMPÓA DOCK | Dearing completion; this work, together with
CO., LD.
The ordinary yearly meeting of shareholders in the Hongkong and Whampoa Dock Co., Ld., was held at the offices of the Company. Queen's Buildings, on February 25th. Sir Paul Chater presided, and there were also present Hon. Mr. W. J. Gresson and Messrs. N. A. Sieb‹, E. Goetz, A. Haupt, H. P. White, D. W. Craddock, G. H. Medhurst, J. S. Van Buren and S. Silverstone (directors), Mr. W. Wilson (Acting Chief Manager), Mr. T. I. Rose (secretary), Messrs. A. G. Wood, F. E. Ellis, W. Parlane, H Percy Smith, G. de Champeaux. T. Skinner, E. J. Moses, K. J. Andap, J. P. Braga, A. Denison, E., Georg, E. Goetz, W. C. Jack, E. A. May, 8. H. Michael. 8. J. Michael, W. H. Wickham, Captain W. E. Clarke. Recently Mr. Kong Hung Yan (Hanlin) Messrs. Ho Fook, Chau Sin-ki and Choa Leep and H.E. Tang Wah-Hi,
chee. ex-Governor Ngan-Whi,
The SECRETARY laving read the notice petitioned the Viceroy stating that since the appearance of plague in convening the meeting. Canton in the Kap Ny year (1893) it has never left the city and the number of people who died of this disease amounted to over
of
CANTON GOES IN
FOR RECLAMATION OF INSANITARY AREAS!
The CHAIRMAN said:
Gentlemen-The
the balance brongit
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the repairs to the numerous vessels damaged, in September, last, has kept as fully employed for son will be pleased to see once more on the mouths past. Towage and dredger accounts right side of the accounts. The value of ¦ materials òu hard" is about the same as in the last account, while work in progress shows an increase of about $82,000. The purchase of the land at Kowloon referred to at our private meeting in August last is completed, and we work of removing the hill and lengthening the have now under consideration tenders for the No. 1 Dock. work with our own staff, and, as I have already We propose carrying on this mention»d, recommend passing the first sum of 850,000 to nu acconut specially to defray the cost of this undertaking, and we hope to be able to carry it through without making any call moving the adoption of the report and accounts upou shareholders for increased capital. Before I shall be pleased to ability say question you may wish to ask.
answer to the best of my No questions being asked, the CHAIRMAN proposed that the report and accounts 15 submitted be adopted and passed.
that we are atthe commencement of the works instead of at its completion; we would then have increased competition been in so much better a position to meet the we have to expect. I chair which he has occupied for four years, so I understand that Sir Paul Chater is vacating the ask you to join me in thanking him for the valuable serv cas he has, with the assistance of his colleagues, ra ndered to the Company, and in Loping that his sucesssor's (Mr. H. P, White) labours in the chair will continue to promote
report and statement of accounts having been in your hands for some days, I will, with your Mr. WOOD -Mr. Chairman, I have much 100,000. Great sympathy was felt by the permission, take them as read. The nett profits pleasure iu Canton officials for the people. On investi-or the half-year ending 31st December, 1906, which must, I think,
seconding this resolution, gation into the great loss of life we discovered
amonat to $369,596.36
be considered satis- as compared with $3,256.41 for the first six months of the suffered comparatively so little loss from last
factory. it is due to the immense population living un a
It is also satisfactory to learn that we very small
year, and $171.649 83 for the corresponding | September's typhoou, while there is still an of land, thus causing period of 1905. To this sum must be added the area the atmosphere of the city to be impure.
amount of We recommend the building of a new town at
sum of $392.0-738
work in band arising from that Chuen Loong Hau and Lip Tak so
forward from last account, and after deducting | heard with pie-sur · what you have told us about calamity. I am sure that our shareholders have that the people in the city may not be overcrowded,
directors' and auditors' fees we have available When the new town is built we beg that Your
for appropriation the sum of $750,933.74 | Many may perhaps acre with me in regretting the dock exteusion now being taken in hand. Excellency will be good enough to memorializ +
which snm your directors prop se, subject to the Throne requesting permission be granted or approval, to deal with as follows:--To pay to remove both the old and new city walls and
a dividend for the half-year of 12 per cent turn them into roads.
or $5 per share absorbing $300,000 to place With regard to this important project we have convened several $5000 to the credit of a special account
to be called No. 1 Dock Extension Arc nat" meetings amongst the gentry and they have recommended your humble servant (Kong Hong to a new account: Appropriations which will, and to carry forward the balanc+ $400, 33,71 Yan) to draw this petition and request your humble petitioners to take the lead in this urgent shareholders. While in view of the disastrous your directors trust, meet the wishes of the necessary public reform." The petition further states that much benefit would be derived if the typhoons which occurred in September last, and the vast amount of work for the Company resulting therefrom, it may at first sight. appear that our earnings for the past six mouths are somewhat less than might have mind that the whole of this work has not yet been reasonably been expected. It must be borne in completed, and consequently the period now under review does not reap the full benefit thereof; several large repairing jobs remain yot to be done and the profits arising therefrom will come into the accounts for the current six months; and while on this subject it may be interesting to you to learn to what extent we onrselves suffered by these same typhimps, Gentlemen, I am pleased to state that the
#go
city walls were removed; the public health, trade, policing of the city and its financial position would all be considerably improved. It also states as an argument that all cities in Europe have abandoned their city walls long as the Europeans consider that it is unnecessary to have walls to protect the city from being invaded by their foes, cities being protected
by forts. It is reported that the scheme is receiving the Viceroy's attention and that it is within the realms of probability that the request will be granted.
RICH GOLD MINE.
A merchant named Chan Sik-Kung has dis. covered a rich gold mine at Tin Poon Hui in the Yeong Kong prefecture. · He has formed a syndicate with $6,000 to work the ine. Part of the capital will be deposited in a foreign bank in Hongkong for the purpes of purchas- iug machinery, &c. It is said that large quantities of gold dust have been found in a stream close by the mine. Chan has already petitioned to H. E. Chang Pa Tze for the concession and sole privilege to work the mine,
BANK AGENCY.
It is rumoured that the Banco Ultramarine, of Macao, will shortly be represented at Canton by Messrs. Cruz Basto & Co.
Bum,
The Japan Life Insurance Company Las declared a dividend for last year at the rate of 12 percent. The net profit for the year amounted to Y680,845. Of this Y33,000 was paid for dividend, Y630,00 placed to the special reserve, and Y17,845 oarried forward. ew policies issued by the company during last year totalled 20,355, representing an aggregate of Y9,745,000, an increase of about Y2,500,000 on the figures for the preceding year. T'he number
of contracts standing at the end of last year was much decreased. The total amount of premium liability stood at Y46,806,000, for 125,885 persons. The reserve of the company for losses stood at Y6,777,777, which added to the legal reserve, makes a grand reserve total of 17,00,000.
iaanches were
comparatively slight, approximating in all only amount of damage done to your properly was
some $53,800, Two of our submerged; they have since been raised 89,200, and fully
repaired
at A cost of which to the debit of marine insurance account.
sum has been passed caissons, sea walls, wharves, buildings, etc., at The
our three establishments sustained damage to has already been paid for repairs executed, aud the extent of about $44,600, of which 827,132
$17,468 to be -Ipunded during the current six passed to the debit of working-ce unt, leaving months. Taking into consideration the tremendous have wrought by the blow of the 18th September throughout the Colony, bat more particularly on the I think it is B
Kowloon side, matter for congratulation that
we escaped without sustaining far heavier damage. and foreign men-of-war docked during the The tonnage of British
past six months shows a decrease of 73,500 tons, a falling off largely attributable to the arrival in the Philippines of the floating dook, not a single American vessel having peme to us for docking since then. On the other hand the tonnage of merchant vessels shows an increase over the previous six months of some 10,98 tone, the tonnage docked since 1st July being for this class of ressel, 466,369 tone. have not been engaged in the construction of any large vessels lately, a glance at our report will show that we have not been idle in the
While we
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BACCARS,
its suggest a more ficient spur than by point- ing
to the fact that at this time last year our shares
sechading the motion.
nere quoted at $163 and DOW they aro at S1P, I have much pleasure in
I do not know that I can
Gresson and of Mr. D. W. Craddook to the The appointment of the Hon. Mr. W. J. Board of
Dirvotors was confirmed on the motion of Mr.
GEORG, seconded by Mr, DENISON.
Captain CLARKE proposed that the Hon. Mr. elected to the Board of Directors. W. J. Grexson and Mr. N. A. Siebs be re-
Alr. JACK agreed to.
seconded aud the motion
it was proposed by Mr. PARLANE, seconded by Mr. Ho Fook and agreed, that Mossre. H. U. Jeffries and H.
Tercy
Smith should be reppointed auditors.
The CHAIRMAN --Dividend warrants, gentle. mon, will be ready to-morrow, Thank you for your attendance.
GREEN ISLAND CEMENT CO. LD.
The ordinary general me ting of shareholders in the Green Island Cement Co. Ld. was held at the Company's Offices, Messrs. Showan Tones and 1 0.. on March 2nd. Mr. R. Shawan presided and there were also present Sir Paul Chater, Hon. Mr. W. J. Grosson and Dr. Noble (consulting commi tee), Mr. R. Heṇ- F. Ellis, A. H. M. da Silva and Captain Clarke. derson (secretary), and Messrs. K. Hancock, The SECRETARY having read the notice con- rening the meeting,
report and
you are
The CHAIRMAN said · – Gentlemán,—The accounts for 1906 ware issued to you ou 13th February, and as I presume all quite familiar with their con- tents, I will not read them now, unless you deŝire me to do so. Our working account shown division is less owing principally to the fact that
■ slightly higher profit, bað the amount for 1905 commenced with salsace at credit of 'profit and lows of some $95,900, brought forward