NOTICE
· Cummunications respecting Advertisments, Sub- scriptiane, Printing, Binding, fr, should be addrasted DAILY PRESS only, and special business matteri THE MANAOKU.
Orders for sætra copies of Dane Fear should
ENTERTAINMENTS
THEATRE ROYAL,
CITY HALL.
be sent in hefort 11 4.m on day of publication. HONGKONG
After that honer the supply is limited. Only sup plied for Cash, Na
Advertisements and subscriptions which are nat orderet for a fized period will be continued until countermand exl.
I
NEW ADVERTISEMENTS
NOTICE.
HAVE this day SOLD MY BUSINESS to Mossus. CARL V. SMITH & Co.
A. PUSTAU.
Canton, lat February, 19:5.
NOTICE.
437
AMATEUR
THE HONGKONG DAILY PRESS, MONDAY, FEBRUARY 19гợ, 1908.
PUBLIC COMPANIES
́INTIMATIONS. EOTHEN MARK LODGE, No. 284.
REGULAR MEETING of tho
GREEN ISLAND CEMENT CO., LD. THE SEVENTEENTH ORDINARYOTHEN MARK LODGE will be
NNUAL MEETING of Shareholders
in the Compatiy will be held to the OFFICE held at the FREEMASONS HALL TO. of the General Managers. St. George's Building, NIGHT (MONDAY), the 19th instant, at 8.30 Vistoria, on SATURDAY, 21th FROLGARY, for 9 r.. precisely, Visiting Brothron are
Hongkong, 14th February, 1966.. F413 INSTITUTION OF ENGINEERS AND
DRAMATIC CLUB 1906, at 11 50 a. 3. for the purpose of receiving cordially invited to attend.
"PRINCESS TOTO,"
A Comic Opera in Three Acts,
RY
W. S. GILBERT, Will be Produced TO-NIGHT (Monday). 19TH FER, 1906. TO-MORROW (Tunsing), 20TH
WEDNESDAY
PRICES
H
***
21BT
务
---
$3, $2 and $1.
E HAVE this day BOUGHT the SAILORS and SOLDIERS in uniform Half Prico
BUSINESS £A PUSTAU
Performnacs at
438
CARL W SMITH & Co. Carton, 1st February, 193. THE HONGKONG HOTEL COMPANY, LIMITED.
THE
TE
NOTICE....
ORDINARY HALF YEARLY MEETING of SHAREHOLDERS will hold at the Conpay's Hotel on SATURDAY, the 31 MARCH, 1906, at 14.15 P.M. for the purpo. of Receiving a Statement of Accounts of the Company to the 31st December, 1995, with the Report of the Directors, and to divous any rastier that may be competently brought before the Hosting.
The TRANSPER BOOKS of the Company
to Pit and Pit Stalls. Doors Open at 8.30 r.M.
9. M.
Booking Office at the ROBINSON PIANO CO., Open on and aftor FIDAY, the 9th February, from 10 A.. to 4.30 p.m. each day.
M. S. NORTHCOTE,
Business Manager. on gkong, 3rd February, 1908.
939
THEATRE ROYAL, HONGKONG. Lesses and Hansger: MAURIOR B. BANDMANN
IMPORTANT ENGAGEMENT OF THE WORLD RENOWNED
will be CLOSED fran the 25th Feb. to 3rd BANDMANN
March, both days inclusive.
By Order of the Board of Directors.
A. MOONEY,
Hougkong. 19th February, 1996.
PUBLIC AUCTION.
Secretary.
[420
PARTICULARS and CONDITIONS of P
the Letting by Public Austion Balu, to be held on MONDAY, the 26 day of February, 1996, at 3 m, at the Ofices of the Public Works Department, by Order of His Excellency the Governor, of Que Lot of Crown Land at Kowloon, in the Colony of Hongkong, for & terin of 75 years commencing from the 22nd day of January, 1906, with the option of renewal at a Cross Rent to be fixed by the Surveyor of Hie Majesty the Kis,for one further term of 75 year
[440
Registry
PARTICULARS OF THE LUT.
Boundary Morinals.
N. W
fr. It.
Annual Hent.
ios 150 257 Biru hoe ons
PUBLIC AUCTION.
DARTICULARS and CONDITIONS of the latting oy Public Auction Sale, to bo held on MO DAY. the Sithday of February, 1906, at 3 P., 6 the Ofbes of the Public Works Department, by Order of His Excellency the Governor, of Ons Lot of Crown Land at Pongau Island, in the Colony of Hong- kong, for a term of 75 years. [441
PARTICULAR
No. of Sale.
Peng Chaw Farmi
Hoglatay No.
Locality.
Direcal
OF THE LOT.
Measuremento
Annual Revt
Upset Price,
Abe
45 acres 225 1,400
་
As per p
Action Nu, 32 of 1905
IN THE SUPREME COURT OF HONGKONG.
ORIGINAL JURISDICTION,
BETWEEN Mox I TORG alias YEZ OF TONG, LAY IN TONG slins Lar Wawo TAT TONG, CHAN BÙI TA, CHAN CHIN MAX Ding CHAN SHIT CHEONG TONG, CRAN HON PING alios CHAN CHUNG HING TONG and Kwas Cru KIN alias KWAN SZ Kix Tone Plastis,
and
So Lar Ting alias So KWA SING TONG, WỪ Koos Sex alias Wu CHEONG SHIN TONG, NG KAM SANG días No Fook Of Ford, Mor TIT SAxa alias Mok Yar SASA TONG. CHow H SHES TONG. NG SHUN ON TONG, CHENG SHAU SHAN, LAU SIK KAN, No Hor Yung, HUI SAI Ix Tax, CHO LONG SA alias Creo Sat FUK TOMG and No FAN Defondants. To the above-named Defonian's, No Kam
SANG alias No FooK OF TORO, No Hox TUNG and CHENG SRAI SKAN.
AKE NOTICE that this action was on.
328 of Novembur, 1900, common con
against you and that the Faintiffs by their Writ of Summous slaini foran account of the
OPERA CO.
UNDER THE 'PERSONAL DIRECTION OF
MAURICE E. BANDMANN. And by special arrangement with Mr. GEORGE EDWARDS and the GAIETY THEATRE, LONDON.
FRIDAY, FEB, 23, and SATURDAY, 24. The present Great Prince of Wales' Theatre, London, Sucres, the Excellent Musical Comedy "LADY MADOAP," Still crowding the Prince of Wales' Theatre,
Lendon,
MONDAY, FEB. 26, TUESDAY, 27, and WEDNESDAY, 29, NIGHT & MATINEE. For the first time in the Far East, Production ou a most gigantic sente of Mr. BANDMANN'S first Calenttu Pantomimo
"ALADDIN "
Statement of Accounts and the Report of the General Managers for the your ending 31st Decomber, 1995, declaring a Dividend and elooting Consulting Commitive and Auditors.
The TRANSFER BOOKS of the Company will be CLOSED from TUESDAY, the 20th Fabenary, until SATURDAY, the 24th February, both days inclusive.
SHEWAN, TOMES & CO.
General Managers. Hongkong, 6th February, 1966, 362 HONGKONG & SHANGHAI BANKING CORPORATION.
SHIPBUILDERS OF HONGKONG.
(INCORPORATED 1891.)
THE FIFTEENTH ANNUAL
will be held in the Rooms of the Institution, No, 3, Des Voeux Road, at 8.45 F.M. To NIGHT (MONDAY), 19th February, 19:6, to receive the Report of the Committee of Manage. ment and the Statement of Accounts for the year ended, 31st December, 1995.
H. T. RICHARLSON, Esq., Vice-President,
By Order of the Committee,
DAVID J. LENNOX,
Secretary and Manager. Hongkong, 17th February, 1906.
NOTICE.
TGENERAL MEETING of the Members
NOTICE 18 HEREBY GIVEN that the N°
HALF-YEARLY will preside. ORDINARY MEETING of the Shareholders in this Corporation will be held at the City Hall. February, 1906, at Noor, for the purpose of Hongkong, on SATURDAY, the 24th day of receiving the Report of the Court of Directors together with a Statement of Accounts to 31st
Duçember, 1905,
By Order of the Court of Direstora.
J. R. M. SMITH,
Chief Manager. Hongkong, 2nd February, 1906, (33 HONGKONG AND WHAMPOA DOCK
COMPANY, LIMITED.
NOTICE TO SHAREHOLDERS.
HE ORDINARY YEARLY MEETING
THE Rulders will be held is the
OFFICES of the COMPANY. Queen's
Baildings, New Praya, on MONDAY, the
26th FEBRUARY, 1306, at 12 o'clock Noov, for the purpose of receiving the Report of the Directora and the Statement of Accounts to the
ul. December, 1995.
The TRANSFER BOOKS of the Company will be CLOSED from the 12th to the 26th February, both days iuclusivo.
By Order of the Board of Directors,
THOS. I. ROSE,
Secretary, Hangkang, 1st February, 1996, 319
HONGKONG FIRE INSURANCE
COMPANY, LIMITED.
NOTICE TO SHAREHOLDERS.
THE
429
"THE UNDERSIGN&D are in receipt of telegraphie ndrica to the effect that the 8.8. LOTHIAN." which sailed beacs for New York on the 14th December laat, has put into Malta for repairs, and that it will be necessary ceeding on her voyage to New York, for the steamer to dry duck thors before pro
[406
DÖDWELL & CO., LD,
Agente Tongkong, 12th February, 1996, THE CHINA FIRE INSURANCE CO., LIMITED.
NOTICE.
ROM this date, and during the Absente of MB GED, L, TOMLIN from the Colony, M. C. PEMBERTON has been Appointed ACTING SECRETARY to the Company.
A. G. WOOD,
Chairman. Hongkong, 31st Jannary, 1906.
A SELECT DAY SCHOOL.
Trained
30.
Foreign
THREE University
Teachers and Capable Chinese Teachers, Careful supervision and individual attention asured. Both ENGLISH and CHINESE taught, Special attention given to Conver [THE THIRTY-SEVENTH ORDINARY THE
sational English. Only a limited number can be ANNUAL MEETING of Shareholdersmittel, School Opens February 19th. in the above Company will be held at the
Write for catalogue or apply at ones to (AND HIS WONDERFUL LAMP),
OFFICES of the COMPANY, King's Build-
F. O. LEISER, Head Master, Written by HICKORY WOOD (author of Druryings, Connaught Road no WEDNESDAY, Chinese Y.M.U.A. 26, Des Vier Road, Central, La Pantomimes) Music and Lyrics, ortarget the 7th day-of-March. 1906. at-12 o'clock Noon,
+358 Hongkong, 6th February, 1996. by Warwick Major. The entire prodaction to receive a Statement of Accounts to lat carried which ran for Ten Nights and Two December, 1902, and the Raport of the Gonofal Malinces at the Now Opera Horse, Calcutta. Managers, and to elect a Consulting Committee
SPECIAL MATINEE, Wednesday, Feb. 27,
sad Auditors. at #50. at Popular Prices,
32, 81, and to rents.
THURSDAY, March 1. The record of the lust Loudon Season, tho excaliugly funny Musical Comedy "THE EARL AND THE GIRL," Who ran for 700 Nights at the Lyric and Atte ai Theatres, London.
Prices of Admission $3, $2 and $1. Seits von now be booked. Plan at the RULINSON PIANO Ca
Thors open at 8:30. Commence usual time. Hongkong, 12th February, 1906. 407
AUCTIONS
PONIES! PONIES! PONIES!
THE Undersigued will hold their Aaunal Sale of Rice Ponios by Public Roup as under:~~~
TO-MORROW (TUESDAY),
the 26th February, 1906, at 4 P.M., opposite the CITY HALL, FIFTY LOTS;
and on WEDNESDAY,
the 21st February, 1906, at 4
P.M., At KENNEDY'S CAUSEWAY BAY, REPOSITORY," Upwards of FIFTY LOTS. Catalogues will be issued. TERMSAs usual.
HUGHES & HOUGH,·
Auctioneers, Hougkong, 18th February, 1906.
PUBLIC AUCTION,
frous the Hos. THE HARBOUR MASTER, HE Undersigned have received instructions
to sell by Public Auction.
CD THURSDAY,
the 22nd February, 1906, at 11 A.M., at their SALES ROOMS, No. 8. Des Voeux Road
(Corner of Ice Honse Street),
Five Cases RIFLES and EXPLOSIVES. N.B-Inspecting Orders can be had on application at the Government Gunpowder Depot, Green Island
T8-As usual.
IIUGHES & HOUGH.
Government Auctioneers. Hongkong, 17th February, 1966. [132
THE HONGKONG ST. ANDREW'S SOCIETY.
SCOTTISH HISTORY EXAMIN-
mertnership dealings and transactions between TATION (advertised in Angust. Jast) for
CHILUREN of Scottish Parentage, will be held in the CITY HALL on THURSDAY, 8th
March.
themsolves and you and the other above-named Defendants in the KWONG HANG CHEUNG firm carried on in co-partnership by the Plaintiff's and you and the other Defendants at No. 29,
Names of intoading Competitors should be Wing Wa Stront, Victoria, in the Colony si Hongkong, as
Mamila Agents and Merchants, sont to the undersigned, who will be pleased to and to bare the affairs of the said partnership apply any further particulars which may bo wound up, and that the Court has, by an Order required. doted the 10th February, aut
authorised service of the said Writ of Sumou ou you by the insertion of three advertisements on consecutive days in this paper and two Chinese Newspapers In direnlation in this Colony and by posting a copy of the said Order and dla Writ of Sum mous herein at the door of the Supreme Court House, Victoria aforesaid.
ND FURTHER TAKE NOTICE that you are required to appear to the said Writ of Sammons within 8 days after the insertion of the last of the said notices in manner aforesaid inclusive of the day of such list insertion and that in default of your so doing the Plaintiffs may proveed ex parte.
Dated the 17th day of February, 1906. O. D. THOMSON,
431
Solicitor for the Plaintiffs.
W ARMSTRONG, Hou. Secretary (Care of Butterfold and Swire). Hongkong, 17th February, 1906.
426
HONGKONG & SHANGHAI BANKING
CORPORATION,
of the
The TRANSFER BOOKS of the Company will be CLOSED from the 21st February to the 7th March, both days laclusive.
JARDINE, MATHESON & CO., Genera Managers. Hongkong, 131 Fobruary, 1906. 411
THE CHINA FIR INSURANCE CO., LIMITED.
THE THIRTY-SEVENTH ORDINARY
MEETING of Shareholders in the Company will be held at the Company's Offices, No. 3. Queen's Road Central Vistoria, ou THURSDAY, the 8th March, 1906, at 12 o'clock Noox, for the purpose of Receiving a Statement of Accouts and the Roport of the Directors for the year ending 31st December, 1905.
The TRANSFER BOOKS of the Com pany will be CLOSED) Eroin 23rd instant to the 8th proximo, both days inclusive.
By Order,
C. PEMBERTON,
Acting Secrotarr. 309 Hongkong, 10th February, 1906.
CHINA TRADERS' INSURANCE COMPANY, LIMITED.
TOTICE IS HEREBY GIVEN txt an EXTRAORDINARY GENERAL MEETING of the above-named Company will bo hold ut the Registered Offices of the Com- pany at Queen's Buildings, Victoria, in the Columy of Hongkong, on BATURDAY, tương J'enth day of MARCH, 1906, at 12 o'clook Noor, when the Resolutions set out below. which were possed at the Extraordiaury Geners! Mosting of the Company held on the Sixteenth day of February, 1906, will be sabmitted for confirmation as Special Resolutions. By Order of the Board,
JAMES WHITTALL,
Secretary. Hongkong. 17th February, 1906.
RESOLUTIONS:
To the
TA
SANITARY BOARD OFFIER,
Kangkong
OWNERS OF DOMESTIC BUILDINGS. AKE NOTICE that under No. 3 of the DOMESTIC CLEANLINESS and VENTILATION BYE-LAWS (as amended), every domestic building or part of each building within the Eastern Division of the City of Victoria and the Eastern Division of Kau-lung ncmpied by members of more than one family must be CLEANSED and LIMEWASHED THROUGHOUT by the ownor during the months of January and February,
INTIMATION
EQUITABLE LIFE ASSURANCE SOCIETY
OF THE
UNITED STATES,
LETTER TO POLICYHOLDERS FROM THE PRESIDENT.
New York, December 14tlı, 1905, TO THE POLICY HOLDERS:
I had hoped to make some statement to you before this, but I havo believed it was best to wait aulil I could give you a final conclusiou in rogard to the financial condition of the Seciaty based on full investigation. This ox- plains the delay in communicating with you.
On June 8th last, under the condition that I should have full power us to man and motheds, and with no plodges of any kind to any one, I was elected by the Directors of the Society as CHAIRMAN of the BOARD, and at once assumed the active management of the Society's affairs.
Soon after I was aloofed FRESIDENT of the SOCIETY and the Office of Chairman-wAS abolished.
One of the first note of my administration was the employment of Messrs. Prico, Water- house & Company, ohartered accountants of Great Britain sud New York, and Messrs Haskins & Salls, certified public accountants of New York, to investigate the affairs of the Society, under directions to render complete exhaustive reports on the following sub jects:
1. The Society's annual expouses, including legal expenses, advertising expanses, agency expenses, and cent of scouring business.
and
INTIMATIONS
ANNUAL AUDIT.
It will be the polloy of the new alministration of the Society to insist on sa independent au lit of its aconts as to ita fiscal condition, once each year, the cosult of which will be published.
NOMINATION OF DIRECTONS,
Under the change in ownership of a manjority of the stock, the shares were at once put in trust and Directors are now nominated by the trustees -Hon. Grover Cleveland, Justice Morgan J, O'Brien, and Mr. George Wastinghouse. Thir- teen Directors are obozen zonally, and the Trustees will each year off ar an opportunity to tho polievholders to express their proforenses in respect of the choice of Directors,
POLITICAL CONTRIBUTIONS. not to make contributions to political campaigns. It will bo the policy of the Society hereafter
It is my opinion that we have no right to use the fands of the Society for any such purpose,
REAL ESTATE MORTGAGES.
In the last ten years this Society na loaned over G: 3120,00,000 on real estato mortgages, meatly in large cities. Only in six of these cases has it had to take property under party was sold so as to not a profit. It will con forec osirs and in these six instances the pro-
tinne to ba the policy of the Society to mako investments of this description,
COST OF 18SURANCE.
Tho
very essence of life insurance is enfoty and this cau ba secured only by reasonable premiums.
upon a
donbtless asking themselves the
A great many Equitable policyholders ara question whether it will pay them to continue their cally that my investigation of the affairs of the policies. To such I wish to my most emphati- Fociety has convinced me that there is no cheaper way Equitable to have sound life insurance than by for the policyholders of the rainining their palicis. As I have pointed out, 2. The real estate investonts of the Com-to surplus of over G. 867,000,000, as
invested
basis which returzs an axel- uro safely pany, including in the case of anoh parcel the valna at which it is carried upon the books of ont rate of interest upon the revised valuations,
I the Society: the income which it yields; and expect in dus time to recomplish such above or below the value at which it is carried souring-new business will be reduced to the the fair valuation of the property, whother nomies that the cost of administration and Inwest possible basis consistent with safety and apon the books of the Society. (If necessary,
ofisiacy. I, or lingly, believe that by eng real estate exports way he employed in as
tinning your policies in the Tiquitable you will vortaining the value and income of the real estate, subject, of course, to my approval as to receive if insurance at the lowest cost con
sistent with safety.
I therefore ndrise you to emtinue to pay 3 The other investments of the Socio! 5; their
your premiums; to allow your policies to Jupes. character; and the circumstances under which
will be doing yourselves injusties. Your con- they have bonn mado.
tracts with this Society are as sife and sound as anything earthly can ba. Wer lapses hare array occurul the agents of the Society will cheerfully assist in restoring policies.
men and terms).
The Socisty's surplus and the manner in which it is ourried upon the books of the Society.
5. The methods of keeping the Society's accounts, and the respects in which its account. ing may be improved.
6. The relations between the Soclety and the trust companies, banks, safe deposit companios, aad other astitutions wich which the Society is affiliated by warship of considerable amount of stock or otherwise. In the case of every corporation in which the Society has e dominunt or important interest, or with which the Society bar special relations, the owner- ship
the Society should be ascertained so far as practi of stock other than that ownet by
cable.)
EXTRAORDINARY-EXPENSES IN 1905, Tongratulate you and all policyholders in solvent, concerns on the reformatory results to the ngitation of the past your. This Society alone has undergone four separate investigations since January 1st. The extraordinary loza al other expuss earailed thereby
is amply compensated for by the autores restitutions and checked wasts herein above referral to and y the final assuranes you now have of the wealth and solvency of your Society. 1 am and the resulting stimulation of discussion have convinced that this and other investigations attracted public attention to the impregnable 7. The subjects covered by the report of the In estigating Committee of which Mr. Frick strength of established cone sens like the Equit was Chairman should be fuily investigated.
uble more offectually than noull have bem done by any other mesos. While those invest. 8. When the raport of the New York Super:igations may have hour destruotive individual intendent of Insurance has been made that report should be carefully studied and every
padations, the dility of life insuranen has matter covered by it or by the recommendations
bakn more fully demonstrated than ever before. of the Commissioner should he carefully exam
There will be no offert by the new administra tion to have the biggest company in the ined.
the effort will be to make it the best and
sufrat Conservative lines will be followed. It will be the policy uot to solicitor secure new business at the expense of the present policyholders, and in case it is deterniiner that business in any section of the world is unprofitable, that fold will be
Subsequally a still more elaborato plan of N.B.-The word "throughout used in this investigation was agreed upon with these notice means that the houses should be lime-accountants, and I doubt if any American in washed in respect of all the walls of oach room
sarance company ever before had such an and staircase,
allcubicle partitions, stair exhaustive oxamination, stair linings, ceilings the undersides of of thin main building offees and servant quarters oud inclusive of
verandahs,
The back yard should have its containing walls linowashed up to the level of the first tloor.
Carved, paintod or polished woodwork in good condition, however, noad not bo lime- washed but must be cleansed.
The Eastern Division of the City is bounded on the West by Gilman Strub and Peel Street, Keu-lung is divided into the Eastern and Western divisions by Robinson Road and a straight line drawn from the North and thereof through the Yaumati sorvice Reservoir to the Northern boundary of Kau-lung.
It has taken a large fores of men fremouths trust the esot fundial status ue the Sciety, now fu ly exposed by the balance sheet transmittol with the following nots and ropte duced on pages 6 and 7.
Now York, November 25th, 1965. Mr. PAUL MOLTON, President,
The Equitable Life Assurance Society of the United States, 120, Broadway, New York. DEAR SIRI-The exhaustive examination which we have made of the affairs of the Equit able Life Assurangs Society of the United States is so far completed, that we are now able to furnish you with a Balanoa Sheet showing the true Finsucial Position of the Society on Septombor 30th, 1905,
The Assets of the Society as claimed sore all fount to be on hand, and amounted in value to G $416,166,500.10 as shown by the Balance (417 Sheet
G. A. WOODCOCK, Secretary. Dated this 1st day of February, 1906.
MITSU BISHI DOUKYARD
AND ENGINE WORKS, NAGASAKI.
(1) That the Articles of Association of the
Compary be altered in the following A.1,
manner:-
The following Artiole shall bo sub- stitute for Articlo 130, namely :— 130. The Beard, through its Secretary, shal! muke Yearly Statements of the Accounts of the Company from the 1st day of Jaanary to the 31st day of Desorber, in each and every year, which shall be duly audited and
presented to the Shareholders,
at each of the Orting Moulings of the
CODE WORD: "DO"K" A.B.C. and Farining
NEW DOCK NOW OPEN.
DOCK No. 3, Extreme Longth...
Length on Blocks
Width of Entrance un Top Width of Entrance on Bottom.. Water on Blocks at Spring Tide
DOCK No. I. Extreme Length... Length on Blocks Width of Entrance on Top Width of Entrance on Bottom... Water on Illocks at Spring Tide
DOCK No. 2. Extreme Length Length on Blocks Width of Entrance on Top Width of Entrance on Bottom.. Water on Blocks at Spring Tide
***
Desi
722 feat
714
961
981
34
SC3 fool
518
39
88
77
24
371 tvo
66 33
The Sarples over and abore all Liabilities smounted to ✪ $67,142,865.42.
A conservative revaluation of the Aussta, including a re-appraisal of all the real estate owned by the Society or covered by mortgages held by the Society, has resulted in a reduction in certain of the values adopted in the Society's Last Annual Report, principally in Real Estate and in Stocks of certain fiuauciul institutions.
Yours very truly, (Signed)
PRICE, WATERHOUSE & CO.,
Chartered Accountants. by A, Lowes DICKSON. F.C.A., C.P.A.
HASE:NS & SOLLE (Signed)
Certified Public Accountants,
by ELIJAH W. SELLA, C.P.A.
loara:
You will be gratified (1) That all the assets claimed by the Scataly are du baud, are of a high grade, and are con servatively worth G 3416,166 200 10.
(That, over and above all liabilities, the surplus is a $67,142,305,42, about seven- oighths of which is a fand for division” among existing deferrod dividend policies at the end of their accumulation periods.
(3) That the reduction in the book value of our assots and surplus is esused by a revaluation on a consorvatire basis, and in no way reduces The income of the Society.
The decrease in the value of assots is chiedy
abandoned,
settled within 24 hours sitor proof of death Over 9 por cont, of our deall claims are is recoired. and sing January 1st, 1954, through all of the agitation concerning lite insurance, this Society alone has paid out in death claims and benefits of other kinds over G. $116,79) every working day.
Assuring you that it will be my constant endeavour to conduct the affairs of this Society in a manner that will merit your hearty appro- bation, I am,
Vory truly yours,
Real Estate
PAUL MORTON, Presidont
BALANCE SHEET,
September 7, 1905. ASSETS
Secured Loans ****
G. S 29,534,270.00 ..113,776,008.04
Bonds, Stocks andother Securitius 235,538, 200 Cash in Banks and Trust Com. panies deposited with Foreign Governments au in transit... 20,727,986.ol Premiums is course of Collection 5,895,422,64 Agents balances ..... Interest and routala dnu.
I
7,664,610.76 4,014,092,65
Total assets...G.8416,166,500.10
LIABILITIES
Geuoral Insurance Reserve; unt
present value of all outslanding polices compul with 4,3 and
2,356,794,SI
3 por ent. interest, 312,902,061 00 Current Liabilities: Death claims, ondowments, unnuities al dividends due and unpaid......... Commissions and Current Ex-
Praminms, interest, Ke, received
ia advance. Capita Stook
2,195,414,19
1,389,364,68 100,000.00
Total liabilities......340,023,634,08 Surplus....
57.142.865.42
416,166.300,10
We hereby certify that in our opinion the
in real estate which was carried at prices too bore balaues sheet is correct and is properly
in shares of certain financial institu-drawn up so as to show the true financial posi bigh, and tions which were carried of merket prices bawodtion of the Rociety at September 30th, 1905,
(Signed) PRICE, WATERHOUSE & Co. (Signed) HAZINE and BILLS,
en transactions which werty do.ed by the no- countants to be excessive,
Company, together a Report on the general position of the Company. (2). That the Board, through its Secretary, shall make a Statement of the Accounts of the Company as from the 1st day of May, 1905, to the 31st day of December, 1965 which shall be duly sadited and presented to the Shareholders at the next Ordinary Mesting of the Company to be held during 1906 and that, inusmnet as the Accounts of the Company have already been audited and presented to the Sharahoklers to the 30th April, 1905, no further or other Statements of the Acronuts of the Cora-
Economies amounting to G 5600,000,00 Your have already beon introhoed, pany for the year 1905 shall be called for by, or presented to, the Shareholders in
which if capitalized on a four por vent. basis would be equivalent to an additional investment respect of Article 130
this dayTHE WORKS are well equipped with of over G $15,000,00. This more than covers substituted.
450 LATEST PLANTS and APPUI the marking down of assets. I expect to
ANCES to undertake BUILDING or fantitats still further economies of a radica REPAIRING SHIPS, ENGINES, and BOILERS; And also ELECTRICAL WORK.
18 |
THE HONGKONG, CANTON & MACAO STEAMBOAT COMPANY, LIMITED.
NOTICE TO SHAREHOLDERS.
PATENT SLIF
Suitable for vowels up to 1,000 tone grows,
Я
character.
RETRENCHMENT
RESTITUTION,
MAIL TABLES
devoted to
AS OFFICIALLY PREPARED
FOR 1906,
367
Showing the dates of departure of the Mnila Under the past manage ent trenenetlens to Europe and America, and the dates of their A LARGE STOCK of MATERIAL is involving the expanditors of large sums of expected arrival at their destinations, as well as always kept on bord.
The COMPANY has the powerful steamer
noner have been carried through frequo t'y the dates of departure of the Mails from Europe THE DIVIDEND at the rate of $1.00 per NREGISTER of SHARES
and America and the dates on which they aro without any proper authority of the Board of OTION IS HEREBY GIVEN that the Yearly Meeting of Shareholders, held this day specially built for SALVAGE PURPOSES records, so that it has been difficult in many argan Parcals Past to and from Share, declared at the Ordinary Half-OURA-MARU (712 tous, 200 YHF) Directors and with very meagre bookkeeping due to reach Hongkong. A Special Table is Corporation will be CLOSED from SATUR.Shanghai Banking Corporation, on and after Short Notice.
will be PAYABLE at the Hougkong and equipped with necessary gear, always readystauces to secure explanation of certain trad DAY, the 10th, to the 24th day of February FRIDAY, the 16th February, 1906.
1363 actions which have taken place during the last (both days inclusive), during which period no
Shareholders are requested to apply to the
ten years, some of which involve a loancial Transfer of Shares can be registered.
loss to the Socisty. By Order of the Court of Directors.
Office of the Company for Warmsuts.
The liabilities disavowed by the Eociety, and By Order of the Board of Directors, J. R. M. SMITH,
T. ARNOLD, Chief Manager.
Becretory.
G$1,000,000, and legal proceedings havo Hongkong, 2nd February, 1906.
On sale at the dongkong Daily Press Offee been instituted for the recovery of considerable (353
Hongkong, 16th February, 1006,
Hongkong 17th July, 1905.
[424
ON SALE DOUND VOLUMES of the HONGKONG
1905. With INDEX. Fries $7.50.
B WEEKLY PRESS, Januses to June, the amounts restored to the Society approximate
additional sum.
Mounted on Card Oa Papor
30 Conta 20
On Sale at the Hongkong Daily Press Office. Hongkong, 12th February, 1906.