INTIMATIONS.
A. S. WATSON & COMPANY.
LIMITED.
ESTABLISHED AD. 1841.- MANUFACTURERS OF ABRATED
WATERS.
REUTER'S TELEGRAMS.
SUPPLIED TO TIE " DAILY PRES},"}
LONDON, 22nd August. STRIKE OF DOCK LABOURERS IN LONDON.
THE DAILY FRIAS MONDAY, AUGUST Séra 1889.
Biz,
Your moes obedient servats
and well wishers,
[Hero follow tigraturom.]
We beg of you to accept the lotgenpanying bank In Glarow, London, Hanoboster, or Edin plised You have got to trust your agent. bargh which had such loss, do you think tha In this pass the result is very unfortosate gift as an evidence, howehr inadequa of our shareholders would it by tamely and submit to I do not think it necessary to say anything mors esicom and respect and good will towards you!
We have the beneur "bo-be. tham P I don't think they would. Althougham est dnly say that ant this thing happuntil perfectly seriein that publie opinion is not with the dievotors were not svare that Mr. Morale me, that is, pubilo opinion as represented by the acount was overdrawn. If there are no further shareholders, at the same time I know perfectly questions I bag to propose the adoption of the The Hon. G. P. CHAZER couded and the A strike has occurred among the laborers tall that. I call have public opinion outside with report and accounts as pessented.
mo, when I reiterate that this huge loss in di- the London warehouses, preventing drawing of rectly attributable to grave neglect on the part motion was carried. tea simples and the dhharge of steamers of the Court of Directors in not haring proper MT. LAPRAIE proposed that the election of the supervision over their managers at every branch Hon. J. J. Keawisk to the Board he confirmed.
Mr. Gone seconded and the motion was THE AIGBURTE POISONING VASE. I cannot think of anything more scandal-
ons than that a person like . Morel, where Curried The septorice of capital punishment, pasadobaroter as a gambler was well known and who Hon. C. P. CHATER proposed that the ales The greatest attention has been pil toon to Marbrick, he been commuted to penal loft, I boliare, the employ of the Comptoir d'Estion of Mr. T. E. Davis as member of the Board
compte on that accónst, sbould not have had more be confirmed appliances for ensuring parity in the Water servitude.
Mr. HUMPHREY cabded, and the motion supervision kept over him, and that she khould upply, to scoure which we have added & Co-
have been allowed to overdraw that large sam of was carried. leaser capable of supplying as with 3,000 gallons
$580,000 with at giving one cent in the shape of distilled water, a day, and are now in m
of Beaurity. Of course it is a very pleasant position to compete in quality with the best English Makers. Our Sweet Waters cannot be
thing, to "hair, sad it must be a to Forbessed anywltura
OUR
AERATED WATER MANUFACTORY replete with the best Mahiusry, embodying
all the latest improvements in the tradi
The purest ingredients only are mich and
the atmost care and ofsanliness are szerelted in the manufacturs thronghont,
FOR COAT PORTH, Waters are packed; and placed on board ship at Hongkong pricta and the full amount allowed for Paokarm and Empties who received in good order,
Counterfoil Order Books supplied on applíca-
tion.
* LONDON, 23rd August.
POSTFONEMENT OF DEPARTURE: FROM LONDON OF P. & 0..
STHAMER.
Fund
The CHAIRMAN intimated that dividend war. ranta would be ready on Monday.
The meeting than claid.
VICTORIA RECREATION CLUB AQUATIO SPORTS.
They see no reason to doubt that the Took my toge years" avenge) that the Company sonid “ Compay, caring the next fone rears, should do only shows dividend of 47 por cont. for each better than during the past four, as the next four half-year on the proposed moreareit nominat will have the advantage of the varning pons of capital of $2,343,760 as suggested by me and the new dock, one of the Ergest and nees in only then, without making any provision for the world, and which should attract Teesale from depreciation er bonus to contributing share- all parts of the East and renderit proctissible for holdere. Depreciation of Plant and Bachinery. our orn and other Governmenta to sand larger must be allowed for of course, and for the sake Dr. Lookhead, tu bis letter of acknowledg.ven to this Station. As a matter of fact this of argument, I accept your percentage, which is mant, expressas to all the signore his deep sose Dook has been fully occupied ever since its equal to 4 per cent, dividend for the year, loss.
wear and four and boans to contributing share of obligatica sad gratitude for their maxifcala-option.
If bo acneeded that with this great insesse holders, about 1 per cent, equal to say 8 yearly tion of kindness.
in the Nook Company's saming power (sad the dividend, against my 11.5 per cent. yearly Commencement of an era of business prosperity dividend, and I will now ask you if you will all over the world), the not earnings of the kindly inform me whether it was upon this Company during the ensuing four years should prospot that you proposed, on behalf of the equal if not areeed; those of the past four years, Directors, to accept my suggestion of instr it will show that the shareholdera bate conto the nominal capital if we would agros to take BECOND DAT.
Bolid foundation for their sonfidence in recon- the new issue at 30 par cent protalarn instead The Recreation Club's Aquatic Sports were merding this course, if we take for the last four af at 25 premium as suggested by me? Because antisnod on Saturday afternoon. The atten-year the net earnings of the Doak Company, the shares st 25 per cent. premium on this basin plus interest and minns tonne paid to stutri would only yield a per cent per annum, and if dance was much larger then on the prorious day. buting shareholders, and see what the net you are right in your calculation, you were P. & 0. mail stommer hos bien inds Buitely post-shareholders generally, that our troubles in
but nafartanately towards the end of the after-remauder would yield by way of dividend on manifestly wrong in making acquioscorso in our the Philippites are Tory nearly at an end.
wishes dependent upon our paying 50 par cont. That again is a matter on which I think the THE HONGKONO ROTEL COMPANY, noon, a heavy rainstorm interfered considerably the
preminm for what yen yourself endeavour to with the comfort of the spectators and the
how to be worth less than we were prepared to satisfactory carrying out of the programme,
psy. Your animatu, howover of the future not which had to be onrfailed somewhat, tha tug-of-
earnings of the Company, available for dividend on the basis of the last two years, is altogether war which had been looked forward to with much interest, being cut out. The events in the
incompatible with the confident hope expressed by the Directora in the last paragraph of your carlier part of the afternoon were, however, entia-
letter, that they will be able to write down the overdraft to a safe point in two or three years by dedactions from profits earced-84 per cent, ona bapital of 32.343.750-$196,875, and assuming that a safe limit for an overdraft for a working business of this class is one year's net profite, it would take the entire net earnings of the Company, on your estimate, over two yeNTU to realize the expectations of the Directora, -leaving-ne dividend at all for the shareholdere in
the meantime,
The departure from London of this wook's
ponad, in couargusive of the strike of the dock
Jabenrors:
(FROM SINGAPORE PAPERS.]
LONDON, 18th August THE GOVERNMENT AND TRE TITHES BILL Tiolding to the opposition of the Liberal Party COAST PORT ORDERS. whenever practicable, are despatched by Arst and assetion of the Tories, the Government has steamer leaving after receipt of order.
agreed to amend the Tithes Bill, making the landlords fiable fraterd of the oconpiers, This involves prolonging the Session.
Our Registered Talegraphio, Addren IS, "DISPENSARY, HONG KONG,” And all signed message addressed tans will receive prompt attention.
The following is a List of Waters alegu kept ready in Block -
PURE AERÄTED WATER
SODA WATER
LEMONADE
POTASH WATER
BELTZER WATER
LITHIA WATER
SARSAPARILLA WATER TONIC WATER
A GINGER ALD
INGRIADE. 16 - No Credit given for Bottles that look dirty, or greasy, or that appear to has been used for any other purpose then that of catain ing Aerated Water, as such Battles are never need again by us.
WATSON'S
PURE FRUIT CORDIALS.
Fresh Ripo Frait.
RASPBERRY STRAWBERRY DAMBOR
BLACK CANT BUD CUPRINT
HAVAS TELKGRAMS.')
Pants, 18th Angual, THE AUSTRIAN EMPEROR. • The Emperor Frinois Joseph has loft Ger- many on his return to Vienna.
-THE GERMAN EMPEROR TO VISIT
STRASBURG
the
LIMITED.
in scordance with sostien 33 of the artioles of a
ation, the directors have now to admit to you
June, 1889. then-yearly report for the six months cader
BUDIDA
TEOPET.
factory in every reapest, most of the competitors
At the conclusion of the sports the prizes were in the various eronts showing very good form.
distributed in the Gymnasium by Mr. J. F. Halliday. In our report of Friday's programme
we omitted to mention that the frat and se-
and prines in the long rate wore presented by Mr. Bolillos.
Appended are the details:-
The Exporot of Germany leaves for Strasburg Bimited, and, with proper mangement, if the der and bare been sood by the company for noma ting. Detitions of the day. On the Hast trial Fre-
on Tuesday, the 2011 August.
HONGKONG AND SHANGHAI BANK. ING CORPORATION. The ordinary half yearly infeting of the shareholders of tae above Corporation was bold on Saturday in the City Hall. There were present-Mers W. H. Forbes (Chairman),
PROFIT AND LOSE,
SWIMMING UNDER WATER-Im prizes. Entries J. C. Saunders, F. Sampson, G. C. Hayward, W. Jaokeon, and M. Fredericks.
This proved one of the most interesting omm- dericks led with Sanders next, the being the only two who managed to resok the and of the bath. In the second attempt Hayward showed to advantage, while Saunders managed to bant Frederick's record. In the final, however, Fra dericks azcomoded in taking first plave.
M. Fredericks..... J. C. Baundere
G. C. Hayward
..3
2294,695.57
$165,068.94
proposed
Dec. 31st, 1988
· 34,989,54
increased
June
20th, 1883
capital.
Helf-rear ending Net warnings.
June
June 30th, 1889
Dec. 31st, 1835
Deo.
Dao. $1st, 1887
June 30th 1887
Lesa pald
Available
Intrust
Total
Contributing
Dirideada
30th, 169S...
19,051.58
*$144,859.01
$16,817.35
$161,074.16
.12,840.19
11,385.69
17,139.69
158,185.27
15,000.00
$15,000.00
$146,076.90
141,185.27
78,000.00
205,629.69
31st, 1595
119,555.41
169,7V885
20,831,50
3,754.00
140,386.91
206,509,75
15,000.00
181,503.75
12,000.09
127,580.91
91,401.32
78,013.50
32,501.68
27,746.59
110,107.91
· 45,855.71
81,195.25
111,575.18
1,000.00
7.000,00
112,307.91
100.00
81,393.25
110,575.18
$1,150,754,51
$600.00 $1,076,354.51
229,829.89
Your contection that the nomisal capital of the Company fa barge enough for its busineur, when the working capital actually exoners it by- about a million dollare, will not hold water for a moment, and cannot accept your conclusion. that the Company, owing nearly a million dollars to its Bunkara and Secretary, I in, e stronger position to meet a serious opposition than if it owed no money except to its shareholders. On. the contrary, I believe that the present indebted. ness of the Coppany is the only aspect in its affairs which inclem opposition. Fres from debt, al with a capital < $3,343,750 of ite own money, represented by assets worth considerably more than their book rálus, and a Reserve Fund of $198,812, inrious opposition would be out of the question, because it could not hope to suc cood, or give a return apon its capital, working against an old oatablished business posansking every facility, and which conld, if needs must | work for its current expanses and without profit.
You are mistaken in impating to the a desire to placa a heavy burlon upon the Company by
Court of Directora cannot quite congratulate themselves either for their foresight, their dis- oelion, or their general management Our The following is the report of the directors to legal status in the Philippines ought to have bu prosented at the ordinary meeting of share, been secured years ago. It could have breaders, to be held at the Company's Hotel, on just as easily secured them as now. There was no difficulty in the way, and at a public meeting bursday, the 29th inst, at 5.30 pm. held in this ball, I think three or four years ago, I strongly suggested something being done in that direction. Nothing was loue until we were compellal by having our gest sent into gaol, when the Court of Directors anddenly The result of the past-year in satisfactory, oved wakened up to the fact that something had to wring that during the whole of the period work has be done. I don't think thara is say great credit boen enrried on in the adjoining new wing which has das to the Coast of Directors an for tidely interfered with business.
On the 23rd ultimo the Hon, O. P. Chater and othara amount of Iceft. No amount of disatisfacramenced an aution in the Supreme Court againt tion can be expressed with regard to the result the company for damages in connection with the be. of the bank's working. Indeed, it is most grabors house, sad the verdict was in favour of the tifying to fad that our earning power is inornas plaintifs. ing: and the most important fact that we have
The new wing fa practically fished and ready for nprofit in six months of something like sesapation. The dining a billiard rooms have bata eleten Inca of dollars gives sides that opened and are in nee.. the parsing power of the bank is almost on. The passenger and luggage lifte are in working o Court will take some little person interest in past in taking up the necesry furniture for the wing. The original millings have required no repaire seing that their business is properly carried during the past six month and at prosent and in goed on, that managers of benches and others oondition.
1 lọ Malebore henso. The directors having decided are not allowed to gamble with money not be longing to then by overdrawing accounts from down this building baso sold the materials, and
ike demolition is proceeding. the bank without security, or in fact overdrawing The mortgages, amounting to $300,000 on the from the back at all-when that sort of thing is pay'e property wore duly paid off on the 19th April put a stop to. I think we any reasonably look at. To meet the payment the company irged for better results, certainly more satisfactory re 400.000 of debentures, bearing interest at the m follo then we lan ve bul for many years post, of six per cent per aunts, of thick $300,000 to did SMALL BOYS' Rack Under 14 years of agó.
Handicap. Two prizes. . L. Dalrymple, W. G. Brodie, T. E. DATS. There is auther thing, in regard to which I of acusant were sold to the public, and the remaining J. F. Holliday. Ho, J. J. Keswick, Hwould call attention. I mirht more an amend Corporation and held by them as security for the mast of his seven seconds start, led for the first
$760,600 issued to the longkong and Shanghai Bank-
Traire astries-Hayward, why made the B. Layton, Mesars, St. C. Michaeleon, J. S. Moe, La. Posmecker, N. A. Siebs, A. Bola- ment, but I'm perfectly well aware should not ompany's everdrafts.
length, when Cook, swimming in good style, Prepared front the Juice of the finest rected men Directors), G. B Noble, Chief Manager, get half a dozen supporters, and that is in this beg
The accounts for the past half-your, after delat overhauled him and led to the fish. Jeans J. P. Wade Gard'ser, H. Z. Just, C.J. Gen. Karly report, the most important part or what
auguttohave been most important partis cuilted interest, Are insurance, taxe, and all otse also eam up with Hayward when about two- salves, V. A. C. Harkins, W. E. MoCallum, K
There is no referença hare to the is in Francharges, and making full provision for bad sad dont-thirds of a length from the wiming point, and Sas equal to an average yearly' dividend of 11 increasing its enpital. This heavy burdan exists A. Chinoy, U. A. Osorio, J. D. Humphreys, There is no oficial roord at the Bank's minutes to addad $225.00 Carried over from last acount-ink- a very less finish resulted, Jesus jest tanging per cent, exeimaise of the not earnings of the now. Its existunts commened to date from the
doble, ahow a prost of $93,879.89, to which
to secure the second pisce. Time, laiu. 20 receNow Dook. John S. Lapraik, J. Moffat, G. Stewart F.
diy upon which the Directors, on their own that Brich loss has been sustained. It is all leg available £24.608.932, which the directors, with the Henderson, A. G. Stephen, W. H. Gaskell. G.
C. Cook (icratch)...
Hthe Directors will take this matter in hand responsibility, decided apor. the construction of S. Coxu, D. McCullock, Hon. C. P. Chater, Tery well for the Chairman now to make an an-nation of the shareholders, propose to deal with Ba
they will receive the hearty support and thanks the New Dook. The working capital has thera To pay dividend of 4 per cent. for the
Hayward (7 sec.) II. T. S. Green, P. Jordan. L. F. Cumming, official explanation, which is as explazation at
only question at issuo row is this: Is it as a To write of extraordinary expOREON JO To write of Hotel property, Marine Lat
matter of sound business more desirable that the Company should one this large increase of No. 5, and remaining perken of Lot No. 3.. 9,390,39
To write off steam latch
F. Grimble, B. Fredericks, A. Ross, J. C. | THE BECRETARY TO MI JNO, D. HUMPHREYS. capital, to which it has already besu irrevocably. To carry forward to say account,345 Saunders, J. Manok, R. Hopkins, Lieni Clarke,
Hongkong and Whantor Dock committed to its Bunkers and Secretary, or, to O. Aitken.
Company, Limited.
the people who ought to find it, namely, its own Clarke led for the first length, when Lammert
Hongkong, 24th June, 1890.
shareholders? There ourot be two opinionS ES overtook him sud led to the finish, Fredericks Jno. Humphreys, Esq.
To the spawar. It can make no diformes to the DEAR SIR.—Your letter dated the 20hultimo Bank whether it drances this money, to its coming in sound, and Manuk a good third,
ww laid before my Directors, and the various clients as shareholders, on the security of their arguments therein brought forward in support. shures, or to the Company as a whol I men- of the proposal to increase the capital of the tim this as it wea considered that this was a bad Company by a further lane of new shares, time to call up more capital. Bat- as I said bas ceived their earnest consideration, and were fully before, this question does not srive at all: it is Entries H. Manning, J. Manuk, H. Sampson, diased at several Board meetings
only a question of transfer from one preonut to In reply, I am instructed to inform you that, other accounts, on realizable sédaritjes in place A. Riobardan, J. Laing.
Sampson, on getting away, so came to the after looking at the swatter very earfully in of everdraft $ c.
front and led for a length and a third when he every direction and always keeping in slow the After examining your figerest I.cannot agres swinded and retire from the recs. Hichard-best and permanent interests of the Company, the with you that my estimate of a million dollars of 200, who had been waiting on Sampson up to Directors do not entertain the course of action as barroved capital was in excess, as you may this point, then took the lead and won easily.sel forward in your letter with any latony for You youreulf give the mount of overdraft and they are strongly of opinion, that the policy of loans as 8865,000 (exclusive of Admiralty loans), Time, 7 seca.
writing down as occasion offered, hitherto par- and this is near enough, as we only propose ane by them, is the sofast and wirest to follow, that the Company should pay dividend on Were a different course to be laken now, and 3781,250 new capital and put the premium. J. Laing...t 2000. RUNNING HEADER FROM MEDLE SPRING your proposal adopted, it would be manifestly un- $133.512 to reserve, frey of cast to the Company. just to the old shareholders who have submitted to strengthen its position. In reduction of BOARD-Two prizes. Entries. Surpan. F. D'Alusta, R. F.to the large amounts written off in fermer years, working capital, you cannot set off against your Even supposing that the company's capital indebtednear the outstanding accounts due to mert, G. C. Hayward, Liout. Clarke, C. Aicker, Vilmant, J. C. Baundars.
Most of the competitors displayed roxy good 12 UM 84 style in this event, their diving being remarkably 17.24.26 olean and recovery prompt. The decision took 36L67 some little time to settle owing to several of the 4,00,000mpetitors bring very close, bat fially the
plaving was an follows:-
ORLEANS PLUM
FINE APPLE MORELLA CHERRY LINE FRUIT, &c,
A table-poonfal (more or less according to taste) added to a tembler of plain or rated water forms a delicions betorage. The milition of Wines or Spirits produce excellent and piquant results. Price, 75 Coats per Bottle or $7.50 per dosen Case Assorted.
RASPBERRY SYRUP STRAWBERRY SYRUP -Boltle RASPBERRY VINEGAR]
&
follows:-
DIRIYOS.
2
$12,000 SHORT RACE.Two lengths. Handicap. Two sceptica. I am, Dear Bir, yours faithfully,
of the whole of the shareholders with garealy anfora been increased. The thing is done. The
1,00000.
$24,613,32
Mr. Dodwell has resigned, and the directors deeply regret the recent death of Mr. Antonio dos Reine, Giallonnes another vaney on the Beard. Mears. David McCulloch and E. Jones Hughoa retira by rotation, but are eligible for re-election.
AVENTORS
11. 3. Silas W. Large, 3. Skreia, E. B. Jorsy, and metas rolling in law. We ought to a month J. Tharborn, S. Hack, S. 8 Benjamin, G. D. have bad it here before us in the report.
The CHAIRMAN Ilhas never besa done before. (Scott, C. A. Tomes. F. Dodwell, A. G. Stoker,
W. H. Young, N.. Ezekiel, H. Freser Switb, before. In every case it has been omitted, but it Mr. SMITH-I know it has never boen done C. O. Heorman, A. W. Maitland, G. de China- point, E. Georg, J. Gomain, E. H. Gorenght not to bave hoon omitted. In s regu- Booth, W. H. Ray, A. K: Travers-Nicholson.arly constituted bank, in London for instance, that report would have been sent back until it) This is the most important The CHAIRMAN aid-Gentlemon, is the reas amended. Prico, per port has been pirsuhted for two weeks past, I do part of the report, the most important essint bappened during the whole six months not propose reading it nuless you desirano to do that h
The profits for the half year undir review under review, and there is not oue word bere and He Chairman in his spa-ch only conderoonds to adusit of the usual 803. dividendi equal to 16 per
The scouts have beei audited by Diver, J. B. cent. on the capital, an addition of one lao of Five a half a dozen lines. I way that no pro dollars to the Reserse Fund, and $70.00) carried fessional accountant weld pass that statement Cox and Fullarten Hondson.
DMCCULLOCH, Chairman. forward. This in itself is Ithink you will ad- of accounts: It is a skeleton; it is not alate mit, satisfactory, but we were in great lingues of prasenting to you a Prott und Lou Aopoutant that would have ham the best on record. Our of shareholders of the Chartered Bank in Leu-Hotel property on Macine Lot No. 6, and "an the remiting portion of Marine Zot first accounts showed 11 las of dolari prat don You would bare it very quickly thrown
The gross earnings expense No. 9 a por last report but about the middle of last month the Fender bark upon you.
and working, there are the items which theFurniture ccount, a parisetra- Manager wired that Mr Morst, the agent of the shareholders wish to know this thing. I port
Sizce addad......... Bank in Lyons, fedoverdrawn his account to the. be extent of 1,290,00 franes without permission are mentioned there few facts for the future That without soeurity, toment lossas ins had incurredorsiderating of the directors. I think it would Remaining portion of Marine Lat
No. 7, as por last report. onthe Boursa. Mr. Jackson recommended that the he well if to afairs of this Bank were conduce wholeawount should be written off as he thought as publicly as the affairs of other chartered Since added..............
s of this class. I assume that there corporations
For imparting a delicious flavourte AERAT E D WATERS,
SUMMER DRINKS, &., &s, Bole Agents for Hourking and Chim for MONTSERRAT LES PAUIT JUICE AND CORDIALS.
A. S. WATSON & Co., LIMITED,
Hengkong, China, and Manila. [1-19
INOTICE TO COELESPONDENTS Communicatione an Editorial matters steald addressed "The Editor." and those on basins Manager." and not to individuals by name.
ment of accounts at all. I should like to see this sort of thing submitted at the mosting i
BALANCE SHIFT, 3TH Jent, 1889. *FRETE
813,938
£.
38784
3 0. 275,695.38 21,237.80
31,88412
1,152.86
prizes.
Entries F. Lammert, G. Jorge, F. Sampson,
Lammert ¿'l sec.).
3. Frederick (svateh)
3
J. Manuk (4 secs): SZORT BACE-For men over 24 Two Lengths
Handicap.
A. Kichardsouzen
J. Manuk
2
Jo. D. HUMPKBRYA.
Correspondenta are requested to forward fhár name there was no obaace of recovering anything, and is nothing to bide and I presume that the Bank CashONMENTA and address with equaquistions addressed to the1 we accordingly spanded our acconate, making will lose nothing by telling the truth es to its /Share acopuni, balance of sharce.in public Editor, not for publication, but as svidanes of good provision for 8930,000, and thereby reducing our general working, and the things omitted in Security zoconut, Honglong and s 13,771.19 Lammert, M. Fredericke, G. Jorge, F. Lawers inoressed to $2,343,750, as suggested by the Company, which you put down at $990,000,
Bith
the report are what we are entitled to have by. low. The test thing to do is te hate all available information at your disposal. I do not think there is any necessity for saying ything were
Shanghai
companies.... aliqua au un Banking Corporation-For vaine of 200 detrutures No: 001,800 2000 each lodged' Bandry debloca
with the bank ne soority for overdrafts. 100,000.00
stock of wines and prockies .....
profits to $770,000. I need hardly tell you how All letter for publication should be writte on one keenly the Directon feel the loss of a large a side of the paper quly.
sun sader snch circumstances. Mr. Mael is Advertisements and Subenptions which are not of course no longer in the employ of the Banks, and Mr. de Borin, lete kab-manager, here, has left ordered for a fixed period sil; be conlisted until for Lyons to take up the position of agent. The The whole thing is cut and dried and Enished; Licences actashing to 2nd half-year 199...
Manila agency has caused as much ana ety Order for extra copies of the Dairy Prei should late, but I ani plessid to inform you that after year the Court of Directors shenld come and tell Steam souch be sent balore 11 .. on the day of palliation. many diffileulties d delays we bare at his wo have lost three or four hundred thousand Contingency Account, eling paid to cus-
BORDtermandes.
Afler hat hour the supply is limited.
***FAON No. 12.
******* DEATH.
of Mr. and Mrs. F. M. GUERRES, at 11, On the 25th instant, at 5pm, the infast stront, age 18 months.
The Daily
but it is not very creditable that almost overy Fica inparanea to nitrex 898).........
dollars by me official of the Lauk or another or from causes which would not bear inspection.
The CHAIRMAN-I should like to mak Mr. Smith if any business was ever andusted with out loss. Are there not always losses?
succeeded in getting the Bask registered there the certificate of registration being now in our possession. This a pat satisfactory result as it gives the Bapt a state-in the Philippines Moequest that Court tmahles in that quarter way stance of a bank here or elsewhere that has had, Mr. Sufu-Will you quote my ringle in. ughter which enables it to plead in the Caorta, - 1 1787 soon ba erded, as we will now be recognised
in Spanish Courts and in a position to defaad 4 succession of losses etch as is clown in the
history of this bank P scits that wore formerly decided against us
The CHURAN-I am talking generally, wol without a tenring or the sale ground of our fu registration. Our legal advisers in Manila cun-paly of hsoka bat of every other business, fidently assure as that the fands of the Bank There is no business conducted without loss. In that sere embargoed early in the year will soon every large business there must be loss,
Dress.
HONGKONG, Avgust 201п, 189.
A Postal Notice, dated the 20th ist, an
nounces that this Colony may now dehange money orders with France and Algeris.
The appointment of Mr. Edward Robinson, barrister-at-law, to be Anting Police Magistrate with effect from the 1st proximo, is gazitted.
be returned to us. The stagesat it Loudon
Cas
Mr. FRASER SMITE-This is a banke you quote one single bank in the history of
Bay
31.24
you and also supposing, for the sake of argument, because as long as you continue to do business, that the fature basines of the Company should you rest always have money owing to you in ove neither better or worse than that of the proportion to the business done, and I do not two years, little or no benefit would be wider the amount you name an sa exoDZIEM derived for you would did that, when Directors amount for the Couraus i have to entstanding
Auditors fe had boon deducted, the not t onepings would only admit of an avaraga dīvid. end of 4.7 per cent. for onch half-year and that without making any provision for either depre- ciation or bonus to contributing shareulders.
The facilities of the Company has airtainly been largely increased of late; but if the your though opened for the Aragon, was not finished This race, which had to be abandoned, en Fei-16, in which the profits were abnormally large, even then. It was previoudy apaned (tempak day owing to lack of competitors came off on be excepted, there has bosa o such improvement arily) for the reception of a war vessel, and about Saturday, but only the startad. Hemli. :---
RF. Lammert........... G.. Exyward
per kal
Lowers, and farniture destroyed as per
234,137,75- fast report
185.00 Less property since revered... How faraturo, for now wings at
1
2
8,044.75
M. Fredericks...
8
Boys' RACK-Two lengths.
Since a
$8,762.89 8,210,24
-
16,991.13
and taxed mute es buscaidh...... $2,510.45 Lopal expensus re burde 1,001.18 Balanes of expense is conneo-
tion with 800 debentures
877.99*
Extmordinary expesses, claim
TAJA MILITIBO.
E. Lammert........ W. Stopani ....
1
2
Your statemeat iù reference to the New Dock is also somewhat misleading. You say "so far from having been fully occupied during the 18 months since it was opened, only four resnals hare boon placed in it.” Í halióva the Dock,
-in business as would justify increasing the capital 18 months ago it was temporarily opened for the
by 50 per cent. The Directors are assured that recuption of two Chinese ornisers, and then clos the pressut capital is quite large enough for the ed again. CONBOLATION. RACE-Open to these who have | Company's business, and that an incresss, in the I trust that with the misconceptions restored. competed in the Swimming Races. Two way of serious opposition, would pleas the comand this further light thrown on the matter, the 4,449.09
lengths. Handica
pay at gront disadvantage and prove a heavy roctors will readily see their way to fall in Five entered for this rane, which almost up to | burden
'with the views and wishes of the shareholders was į the finish looked like a vin for Clarke. Costa, The extent of the Company's indehtadress, as who for the most part, are agreed upon the po
$ however, just managed to ranch tka post aliead. serumed by you, is much in excess of what it lioy advcoated in this and my previous letter, - 310,309.0
Costa
really is Our position to-day is as follows:- Bent o
Overdraft st Bank,...$675,000.00 Loan......... .......$190,000.00
A
cent) debentures of 300 och 400,00.00 SOLDIERS' RACE. Pour lengths. Tro prizes.
PS,181.58
315.00
Ten men entered Result:
Pte. Cooper (58th)...
$825,50
23,572.82
Pte. Cosby 158th)
Pte. Morrison (91st)
1,603.39
Time 2min Jones.
$824,092.38
Six entered for this race, which was brought
was taken up by Mr. Jackson on the lat Jun, banking in the last quarter of a century that aid splied on 3 ofishaies Mr. McLean basing wished to retire, und from has had a 5a0cession of losses sob as this bank! Hongkong Hotel Co., Limited, 600 (6 par the well-known energy and ability.of our late Chiet Manager, the Directors feed fant the inter has had I am prepared to make all reasonable Sundry oradilorsq
ets of the Bank wald not be in better hands2020casions. If you can prove that what I Any Ungare dividend Your Direators aku take this opportunity of a not founded or fact, I shall be very pleased to Prefs brought forward from the
account expressing their appreciation of Bir. MeLou's take back the great portion of what I have said. long and valcabla avions to the Bank, ex-
The CHAIRMAN With referee to the way Profit for the half-year to Bih
June, 1881.... tanding over twenty four years. At their inci-in which the accounts are kept, I can only say tation Mr. McLe has joined the London that if the shareholders wish them kept in The Agents (Mossre. Jardins, Matheson & Committee, where his great experlones will other way than they have been done hitherto Co) inform us that the Glen Line steamer be of the atmcat bene to the Bauk. Your always opted these accounts in this ma
they have only to so. They bare Glengle trom London, left Singapore Sstur Directors Inel sure that the shareholders will ap day morning fur Hongkong.
prors of the presentation they made to Hr.ner year after your und considered them quite PROFIT AND Lose Accourt, FOR THE MOMENC anticiont. Let them, if they wish a change, It is mollaod in Saturday's Gastle that His MeLean, on his retirement, of a serviss of plate come forward and tell us how they wish them To taxes
To fre instrasse -- Excellency has appointed Mr. Brace Shepherd valued at £1,000. Mr. John Walter Basuzed
changed. to be a Justice of the Peace for this colony. Mr. charge of the Shanghai Branch on the 1st May
ME. FRASER-SMITH-I did not say anything a directors and audito from Mr. Cameron, who wished to retire from Shepherd has duly taken the oaths.
farther survive in the Bauk, an the magnificent about the keeping of the accounts I have not To introd The Agents (easts. Adamson, El & Coreaults achieved by him during his able manage. the slightht doubt that they are kept properly. To haisce
This is a different inform that the Canadian Pacific steamer ment of the Shanghai Branch-merit the highest mean this summary, in the report, this extract "Port Auguetz, with Candian maile, kit Van- approbation. We are fortunate ia still retain-from the Bank's accounts.
couver on the afternoon of the 23rd inst. for ing his services, as he will shortly to associated thing, you know.
The CHAIRMAN-If the shareholders think Japan and Hongkong.
We have received the first annual sport of the Home for Eurasian girls at Hankor under
the Management of the Rev. and Mrs. Festar, London Missionary Society. The number of children in the Homa is six..
with Mr. Jackson in the London management.
To salaria
TO WITH JUNE, 1889.
By nett earnings of Haletigeren
that the statement is not whfficient, let them come By bonus and dividends from local offices. Before moving the adoption of the Report forward and say 1 shall be glad to sunwer any question.
Mr. FREER-SMITH-Well, I say he now as a
Mr. FRASEE-TH-Mr. Chairmen and gaa- tiemon, I venture to think that the explanation shareholdige,
· have just Histored to from our worthy Chair pan is scarcely suficiant to satisfy the require-pport yes. ments of the shareholders with regard to the
BARESI KO-Twe lengths..
off in torrents of rain. Laumet won fairly easily. Time, min. 16os.
R. F. Lammert.
A. Rose
178.95
38.25
F. Sampson
1,150.00
100.30
2,0.67 3,82,83
$21,28.95
HONGKONG XIFLE ABRUCIATION.
A spoon competition at 600 yards, ton shots, took place on Saturday, the 24th August, and Lient Carlyle won the Spoon with 40 points, 3.32 13 The folowing is the score
81.6
$29,23.98
ul. Cargie, B.A. Mr. E. L. Woodie
The CHAIRMAN You net get someone to
R. LxALL, Secretary.
Mr. F.. Cili.......
Afr FRABEL BMI-I want no support. I
Hongkong, 24th August, 1889.00
FAREWELL ADDRESS TO DE LOCHIBAD,
4.0. J. Carson
D. MuLeno
Mr. G. Ford:
Me: M. Soen
Dr. Atkinson
Capt, Buressy, H.N.
Ms, J. Anderson
huge loss at the branch of the band to Fransom simply stating my opinion. Mr. Forbes has just told us that quite mer.
The CHAIRMAN—Yes, but if jou are going to:
The Director of the Observatory reports that the typhoon appears to be moving to the North- wards, the barometer laving fallen is Japan pectedly, at the last moment, they received propose anything yau rust get someone to es
and risen in China. The barometer at 4 p.m. tetographic information from London that the end it.
saltry and oppressive.
to welcome him on his return to the Colony,
Dr. Lochhead, one of the oldest members of
will. Jon's E. Locuris, EsquirE,
PROPOSED
and against this we have
to place
Balsuon of Filipinae'
contrect,.8 60,000.00 Price of Fame......... 50.0.0.00 Outstanding accounts, 180,000.00 dragon's repairs..... 90,000.00)
and who so far from being convinced by the ar- guments addused in your lattor now ander re- ply, still consider that their wishes are reason= $865,000.00 | able and in the true interests of the Dock Com
-8350,000.00 thus leaving $535,00800, but this does not in blade amount due to Admiralty, which, sả, you koow, is repaid in paridical instalmezis.
pany, whose interest are identical with their own and with those of the Directors-I am,Dear Sir, yours truly,
Jyo, D.
PHRKYR.
THE SLOBETARY TO MR. Jno. D. Hux.
PHREYR
Hongkong and Whampoa Dock Co., Ltd. Hongkong, 26th July, 1889.
Jao. D. Kampbroys, Esq.
With regard to the new Deck, the Directors. DRAE BIBI have to acknowledge receipt of hips that in the future it will add considerably your letter dated the 8th instant which was duly to the ravenne; but so far from te having brendaced before my Directors at the Board Moot- fall occupied during the 18 months 'slaca it was ings held on the 15th instant, and today.
Iu reply I am ingrepeted to inform you that opened, only four vessels have been placed in it.
The Directors request me to say that they the Diventors, baving carefully weighed and con-- bare no desire whatever to set in any way an sidered all the points you are in fasour of in- tegenistic to the wishes of the shareholders, and ereksing the capit i, are still of opinion from in adopting the course of writing down until their experience of the business that euch increa TOTAL the overdraft has been reduced to a male point, ing of capital is unnecessary, and would be de- 440(hich object they have every hope of attaining trimantal to the best interests of the Company SP45635540
is from two to three years) they consider that am, Dear Sir, Yours faithfully, 9ac44595...... 37
Semea
832040294580
239224433......
180$40$: 522 ...... Me 00249 059 19 3250202205... 21
4231 retired 00) retire
„INCREASE OF HONGKONG AND WHAMPOA DOCK COMPANY'S CAPITAL.
the prosperity of the Company will be batter served by so doing that by increasing its capital. --I um, Dear Sir, yours faithfally,
D. GILLIES,
Secretary.
SK, JNO. 1. HUMPHREYS TO THE SECRETARY.
Hongkong, Sth July, 18-9.
D. GILLIES, Secretary. MR. $30. D. HUMPHREYS TO THE SECRETARY.
Hongkong, 2nd August, 1869, David Gillies Esq. Secretary, bongkong and Whampoa Deck Company, Limited Dan Bin, I am in nouipt of your letter of the 28th ultimo in reply to mine of the 8th pro- reling.
THE David Gillies Esq., Ferratary, Hongkong and 1 reprot very much to bear of the decision of
Whampoa Dock Company, Eimited.
the Directors, the mors o, beonas wbsù. I frei Dear Sir, I am in receipt of your letter of took this matter in band I osloninted apon the 24th ultimo in reply to mine of the 20th its ranairing their approval. Hay and em sorry to find that the Directors are
their wishes to the Board.
Mr. SMITH-What I say, is this-that this h Jesterday was 20.76. The day was due, but manager of the branch of the bank at Lyons on imperfect summary of the accounts of this the community, who leaves today for his lov
had overdrawn 'be account" to the oxton! DE 1,290,000 frapes without giving any security Bank. Tam perfectly entitled to express that The half-yearly meeting of the shareiclders in It seems to me, gentlemen, that the mere fact opinion. Although there may not be another in Amerion by the 0. & O. stormer Garlic, has the Honkong and Whampoa Dook Company, of such a thing being posible reflects the shareholder prepared to stand up and say I am beep presented with the following address:-
I am still of opinion that I have kade ont s The following correspondenes has been air. Limited, which takes place this afternoon st gravest censure on the management if a bank right, I sta perfectly certain that nine out of To
tot as yet convinced of the advizatility of ja strong case in support of the policy I have ad- at thres ou ook, will be held in the Chamber of or any other commercial institution. I venture on that know anything about accounts
DOCTOR OF NICISE OF THE UNIVER.lated amongst the shareholders of the Hong crossing the nominal mapital of the 1 ompany Tooted, and I must therefore stil endeavour Commerce Room, City Hall, instead of in the to think that it was the business of the Cost of gree with 100....
saver the increase in ila working capital, an.sug. to obtain its adoption, kong and Whampoa Dock Compay ***. Company's Offices as previously annomosd.
·SITY OF INDIANA, V. S. A. The CHAIRMAN-If the shareholdere, "wisd Ilirectors to-day to have given the shareholders
I propose in the frst Instance to print the 818-During thirty years you have resided Ma. 70. D. HUMPHREYS TO THE SECRETARY. gested by we, but I hope that my pressut letter: some information as to how it was possible that a them prented in a different form, let them say
Hongkong, 20th May, 1889. sil pat the views of the shareholders more foreverrrapondence and croniste it amongst the We hear that the Right Rev. Bishop Raimondi notorious gambler like Mr. Morel, a gentleman. They have been presented in this way since and practised media in Hongkong. Daring is on board the O. & O. tesmer Belgie expected when ropatation in Chins is perfectly wall the Bank was started, and the statements bay thirty years yon has been an honoured and David Gillies, E Secretary, Hongkong and cibly before the Directors, and succeed in obtalo shareholders reveraly for their information.
Whampoa Doak Company, Limitad. Bg their cordial operation with the great here to-morrow, and that as soon ake is known as a gambar, should have had the oppor- been received in this form and, comments entremed member of the small but ever chang signalled a steam-launch will be ready af Pod tunity to defraud the shareEoldere of this bank mads themon. We are quite prepared to make in sammuity of foreigners, British. American, Dear Sir, I shall I trust be aroused for majority of the shareholders in placing the Com-a place them in a position to communicate I would ask you to be kind enough to inform der's whurf to take on board all those who desire of the large sum of $990,000. It is all very nice them in any way the shareholders went, if they and German, who are made this colony what it bringing to the notion of the Directors the very pany in a sound position financially, which they
me if there is any, foundation for the rumour and proper for Mr. Forbes to toll as that the will tell us wint they wish. If they do not do is to day: You have soon not ono, but many reneral opinion of the shareholders of the Comdo not consider it to be in at present. A Baterien paper says that in Dolite days of Lirectora keenly fuel the loss of this huge amount so, we shall publish the report heretofore. A generations- generatione are manated hire any as to the desirability of finding some mode 1 cannot for a moment agree with your son that has been ourront is the colory for som small estates are rapidly going by. Land-own but there is something beyond that. You must regardles, I do not know what is the course is of military, official, and morcantile men arrise of paying off the indebtedness of the Company tantion that the yalios of writing dort assets 65 days post based upon information said to be ing by companies comes more and more into remember the great effeef that this robbery has other banks, but as regards this bank it has and prosper and depart, most of them to their without the necessity of any man writing down session offers is either sound, wise or safo, it given by somas of your Directory to their friends, fashion, and individual planters will some still had on the shareholders of this bank and on the never been the practice to mention losses in the bones in Earops auf Amerion; some alast to the value of the Campany's property (machinery the assots be, as I shall be prepared toshow later, to the effect that an increase of capital in some fewer is the near future. These companies Hongkong community, with regard teitsoffoten report. Any spreial Insees that are made are their last homo la that valley where you too, and plant liable to deterioration azooptod, as worth much more money than the amount stay had been determined upon by the Bard. I
this property in the opinion of them well able whieb they stand in the Company's books. I remain, Doar Sir, Yoare faithfully,
JNO. D. HuwPHENIS. count an increasing number of foreigers smoag the value of the shares. may mention that in the laid to the shareholders at the mosting by the bare left one who we very dear to you.
middle of July the shares were quoled at 185 per Chairman I do not to the nuity for their To-day you are about to leave us to return to to judge, worth more than the money at which the assets are worth the money or more, and you wish to not aside a portion of the earnings in a their shareholders. British capital erpecially is contri, animediately on the knowledge haing in the report, for the Chairman's speech is your native land, the great United States of it now stands in the Company's looks. becoming largely interested in Deli -
The shareholders or a great majority of them,ime of prosperity as Rosarvs Fend, or for the of this robbery getting wind the stares fell to sent to all the shareholders so that they know America, where so many and such groat phṣnges
Hongkong and Whampoa Dook Co, Ltd. About quarter past three on Saturdy morning 163 per cent premium. Now this is a matter of exactly what bas happened in the Bank. Of have been wrought since you last had your hope that the Directors will give their best con.gralization of dividende, it should be so stated, HE BECRETARY TO ME, JO
considerable pullio import noe. It is a matter course Mr. Merel's account looks very bad I dwelling. there, and to your own state of Vir-sideration to the advisability of increasing the that the true position of the Company may be
Hongkong, 3rd August, 1889. erebral out in a swoond hand furniture shop.which I think should have been lotasien and should be very glad to make further explanation, ginis, where we hope yna will pass many happy Company's capital by en siountreffizient lo payee in the Statement of Accounts; and not u No. 95, Hollywood Road. The fire originated fu
Dear Sir-I am in receipt of your letter et the basement below the level of the road in which provided for, and whatever the shareholdere may but I do not think with the information we have rests, an bonoured sed prosperous citizou. We, off the loss contracted for the construction of false position based on an artificial crarbitrary Jao. D. Humphreys, Esq. is storeds quantity of goods of all kinds. The fire think. I bold a very strong opinion that to at present, it would be desirable to say too much, the presept generation of residents in Hongkong, the new Dock, (except the Admiralty loans) so ralantion for the purpose of getting rid of in-
We bare very few cannot allow you to depart, without expreming that they would in future receise in dividende o parned and scored, and which ought there the ad instant, and in reference to the last parograph of some, which alota valis for reply. was got under in about half an hott, but not very consideralle extent the Court of Directors I think we had better wait.
I cannot quite understand whom you mean by 1 beg to inform you that my letter of the 29th Botil the whole of the premises had barz com are responsible for this loes. What are they details from Landon, last man only brought to you, on behalf of our professors and our the whole of the pot earnings of the Company, fore to be shown to sdst.
paid for P Is it not to sange sad direct the us a for details, information of the los salves, our deep regist at losing you from among and have the satisfaction of knowing that their faire of the manic? This is not the Brat having only just a me before the mail left us, wur hearty appriciation of your many steri- money was inreated in one of the sonudest corn old shareholders, to whom you think it wanld ultime conveyed the views of the Directors as a one of the Companies for whisk Mears. Da, instance of this kind of thing we have bad: An accamataat from London was sent to reporting virtues, our gisteful acknowledgments of rastoin! nadertakings in the Far East, if not be unjust to adopt this view. If still shareholder body, meaning that the majority of them wer
they are unaffooted by past writing down and of that opinion, and that, an for as I am aware, Melbys & Co. ero agents.
We had one at Yokohams only a few years on Mr. Korel's account and the agency generally the honest work you have done here in your pro-in the whole world
Assuming that the indebtedness of the, Com. with share is any bereft with pesasul new share there le no foundation whatever for the runcar Referring to the concession of two treets of ego, and we know what the bank lost there; and that report has not yet been received. The fersion during the thirty years of your resideos, gold bearing land in Sambaa, in Western Borneo, the Benjamin endal is only & weiter of yes matter has not been of very long standing. And of your nosentatious benevolence and pany which it is desirable to pay off, amounts to baklers. Bat if you allude to those who sold ont that they have determired to increase the Com- to Mr. E. I. Gorgon. the Batavia Find leblad terday; we lost two million in Sauila and a far back as last November, Mr. Morel's practical charity, wherever and whenever clarity about $100,000,000 as increase in the share daring the beight of the Company's prosperity.pany's capital in any way. I remair, Dear Sir, 885 The Baltan of Bambas he granted to quarter of a million in Batavia. There are other BeDonné vos at credit sad, as far as the Bank was needed on have been, in all things one capital of 56 per cent. say 278,180, and at or were forced to do during the bad me which Yours faithfully, Mr. E. Gordon a cotonasion for the Western lomes that have been the current talk for years concerned, Mr. Borel had been requested to 10 of sa, and, like a good citizen, you have taken en profum of 18 per cent to the shareholders, followed through no fand having beer created Borneo Gold Fields Kr. Gordon has taken a past. Surely, this matter that redects on duce his overdraft and informed that he was got interest in all that oncerned us and borns your would yield 1976,562, which would be suficient for the qualisation of divideoda,) and they on longer hold' alaren in the Company, they havo good deal of trouble in Buding there lands really the management. It seems that the formuldable allowed to have overdrafte without security part in all our burdens. In one semente as for the purpose,
nothing whatever to do with it sad exoxot abounding with gold. Now that he has secured array of gentlemen who form the Directorats Again there is one thing. I do not know that well in our labours, you have taken foll The prezent capital is
{ resnāve consideration at your bands.
TO THE DEAF-A person onred of deafnes BAR The proposed new issue 751, 250 everything required to turn the macion to rely on the atugth of numbers and 1 ot on the way check can be placed on the agent. As lefshare.
We wish you a pleasant voyaga home,' a long
In taking the average nat earnings of the and noises in the head of 23 years standing account, he will go to England, when the eco strungth of fatelligent commercial man holde the Bank's power of strony, he can it sary mastres have been taken to start com agt hem is no other bank on the face any menant draw a large n before it could and happy life whapter you may settle down, which are a capital of $2,343,750 for Company for the last two years, in preference to hy simple remedy, will send a description of it pany commanding suficient capital for working of God's earththebareholders of which would have came to the ears of the Bank, bat wack heaps of friends and a pasosful anding in Ged's dividend and a Reserve Fund true of cost to the my wrings for four, you show that on this basis free to any person who applies to Nicholson, 21,
Company of 3196,012
(which I priemme ya think's fairer one than Bedford Square, London, W. C., England. [1184 tasse important minos,
“tolerated such management Supposing it was schoots as we ok place on the agwat are good time
pletely putted. The place was insured for 2700
$1,662,300
1
RUMPHREYS.
D. GILITA,
Secretary.