HONGKONG AND SHANGHAI BANKING CORPORATION.
THE HONGKONG DAILY PRESS, MONDAY. FEBRUARY 26TH, 1906.
year, and I think you may safely look forward with confidence to the future. If any share holder wishes to put any questions I shall be pleased to answer them
At the eighty-first ordinary hall-yourly meet- ing of shareholders in the Hongkong and
No questions being asked, the CHAIRMAN Slughai Banking Corporation held at the
roved the adoption of the report and accouu's. City Hall at noon on Saterday, Mr. II. W. Mr. Jer I have much pleasure in second Blado presided. There were also present- Honing the adoption of the report and statement of Mr. R. Shewnu, Hon. Mr. C. Dickson' ecconuts, I feel I am only voicing the senti- Messrs. A Haupt, E. Goetz, C. R. Lenzmann, outs of all shareholders present in congrat. N. A. Siebs, G. H. Medhurst, F. Salinger, Elating the Directors, the Chief Manager and Skellim (Director), J. R. M. Bunith (Chief
staff on the splendid results they are again able Manager), Hon. Mr Gershom Stewart, Messrs
to place before 119. The bonita of 15 per cent. pf J. A. Jupp, W. H. Gaskell, G. Murray Balt their salaries vulnd to the staff, I am confident 8. Hancock, H. E. R. Hunter. A. G. Morris, ments with the very hearty approval of all J. C. Petor. Dr Noble, C. W. May, H. Mshareholders (applause). As regards. the divi Mody, N. J. Stabb, Captain Willett, I. M. Houd and louns proposed to be distribated we Nemates. H. W. Fraser, Ito Fook, J. J. Lasiria, have also good reason to be pleased to J. Barton, C. E. Anton, R. R. Hynd, L. gradual increases of returns to shareholders. We Berindosgún, f. A. Gomes, B. Lngton. He
are all relioval, I am sure, that the terrible war Kom-tong, W. S. Jackson, Wong Leung-hoi.
which raged for eighteen months in this part of the world is now a thing of the past and that a revival in trado is beginning to le apparent. Thestrong position attained by the Bank should,
J. A. Uhiney, J. MacArthur, W. Lyaught,
A. R. Lowe, J. P. Michael, J. Drango, G. H ̧ Rogy", A. Rödgør, E. Kadoothi, Capf God dard, W. H. Wickham, A. Forbes, W, H.
Purcell, Lo Cheng-shui, Chonng Fui-kuh 1. S. Michael, C. H. Thompson, E. 8. Kudorie, D. Forbor, J. M. S. Alves, A. V. Apcar, H. Subrouter, S. A. Lery and C. J. Gonsalves.
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j
THE STATUE OF SIR THOMAS JACKSON.
HIA EXCELLENCY THE GOVERNOR UNVEILS
THE MEMORIAL.
On Saturday II. E. the Governor unveiled the beautiful status of Sir Thomas Jackson which has been erected opposite flm Hongkong and Shunghui Bank in Daş Voeux Road. The status is erected in commemoration of past services rundors to the Corporation by Sir Thomas Jackson, whose pioneer work placed the Dank in its present thriving position. There was a large gathering to witness the ceremony, and arrived at the appointed time, accompanied by His Excellancy Major Sir Matthew Nathan
his A.1.C., Captain Arbuthnot Ledie. Amongst
Haupt, Hoa, Mr. C. W. Dickson, F. Goetz, C. others present wure-Mesers. H. 4. W. Slado, A.
R. Luznur, G. I Medhurst, P. Salinger,
Hon, Mr. R. Shewan, E. Shellim, N. A. Sichs
Directors), J. R. M. Smith (Chief Manngor). Colonel Chater (of the Argyll and Sutherland- Highhadors), formerly stationed in Hongkong, -an old friend of Sir Thomas Jackson's who
actual cost, and no credit has boon taken for sny. prefit on manufactured sement,
As you will go from the figures a great dos! of money is ied up in these stocks, and so, in spite of the last increase of capital, we still owe $250,000 to our bankers. The other items in the balance sheet are comparatively trifling, and I do not think require any explanation. I now come to another point which has been raised, We have been urged by some of our largest shareholders to pay an interim dividend half- yearly, but it seems to us that it would be hardly right to do this, so long as we have to go to our bankers for the money. The payment of this dividend will increase the present overdraft considerably, so, if we are to wait for interim dividends until we have funds in hand, we may have to wait some time. The only way we can meet the wishes of these shareholders is to raise more capital, and it is proposed that we should issue a further 50,000 shares at par, which will bring in $500,000, and raise the capital to $2,000,000. We cannot expect to always ran en borrowed money, and $2,000,000 is not a I think, bo a source of congratulation and pridelarge capital for the business we are doing. not only to its shareholders but to the whole On the contrary you must not run away with the appered to be passing through the Colony), Colony, The Colony and the Corporation have idea that such works as ours co uld be built with o
Hia Hon. Sir Francia Piggott, Sir C. grown up together so to speak and each has capital of oron $2,000,000, for to that you must
Paul Chater, C.M.G, T. Arnold, G. Murray contributed to the growth of the offer. I can add $800,000 of original capital written off,
Bain, L. Berindongue, J. W. Bolles, Hon. Mr. not, I think, do better, therefore, than conclude and the $900,000 at rescrve, which is really
A. W. Brewis, G. de Champeaus, Hou. Mr. The notice convosing the meeting and the thou: few remarks with the wish that they may capital. So that to duplicate fasterics such as
-W. Chathum, J. A. Chiroy, T, P. Cochrane, T. roport having been read, the CHAIRMAN said long continue to thrive and flourish to their curs to-day would take at least $4,000,000, if not P. Christisai, W. A. Cruisksbauk, W. Danby, W. Gentlemen,The report which I have read on mutual benefit and advantago and to the good of more, and years of experience into the bargain.Gaskell, H.J. Gedge, A. Hanoosk, 8. Hancock, the bull-year's working of the Bauk le no excepus ull.
to run the business. Of course this proposed F. A. Hazeland, E. A. Hewett, T. F. Hough, tion to the favourablo statorouts your directors
increase of capital must be dealt with at a
Hon. Dr. Ho Kai, H. Humphreys, W. G. have had the pleasure of laying before you for
ME. THOMPSON moved that Mr. C. R. special menting, of which dus notice will be Humphreys, H. U. Jeffcios, Dr G. P. Jorizo, many years past, and I think there is no doubt Lensmann be appointed to the Board of Dires-given, and it will be theu for shareholders to
J. 4. Jupp. E. S. Kadoerie, J. T. Lauts, D., it will meet with your approval. I hope that tors; also that Morry, II. W. Slade, E.Shellim decide whether they are in furmur of it or
Law, B. Layton, A. R. Linton, W. Lysanght, the proposed distribution of profits will also and E. Goetz be re-elected.
not. We might have followed the previous course,
J. K. Michasi, A. 8. Mibara, M. T. Minami, provy satisfactory to you. Wo recommend the
and issued the shares at a premium, but share-
E. W. Mitebè, H. N. Mody, A. G. Morris, addition of $10 lacs te silvor reserves. In Juas
holders appeared to be opposed to this, and as the G. C. Mozon, Dr. J. W. Noble, J. Orange, E. last we increased tho dividend from 41, 10- to
Mr. HANCOCK moved, and Cuplain FILLETT Ave lacs seems to be about all we shall need we Pahanoy. H. Pinckney, G. W. F. Playfair, 1. 15, and I am glad to say that so far resuits seconded, the co-appointment of Messrs. W. H. recommend leaving the stares at par. The new
W. H. Potts, B. A. Ram, A. H. Rennie, El. W Jave warranted that step. Woure able to again Patte and A. G. Wood as auditore, Carried. shares will of course rank equally with the old Rutter, W. J. Saunders, M. W. &lade, Hon. propeso a dividend of £1. 15- and also n bonus
The CHAIRMAN-That conclude the basi-ohares for dividend, and to save time and trouble Mr. T. Sercombe Smith, Dr. Haraton, Hoo, Mr. of El, making a distribution of £4. 10-ness, gentlemen. Dividend warrants will be to all concerned it is proposed to make one call Gershom Stewart, M. Stowart, A. G. Stokes, If. per share for the year. As regards the
only of 81) das on 31st July next. As regards Suter, Hen. Mr. A. M.Thomson CH Thompson, the future it is impossible to mankop forecast, the A, Turner, G. T. Voitch, J. Y. V. Vernon, J. brightest feature in var favour is that the use of Whitial, His Han, Mr. A. G. Wise, A. G. Portland cement (for you must not forget that Wood, H. P. White, F. B. Deacun, M, S. ours is tras Portland cement) has increased, and Northcote, J. C. Peter, H. E. R. Hunter, is increasing all over the world, Cool too which C. W. May, N. A. Stat, A. Forbes, has been very high during the year has fallen Capt. Tillett, N. M. H. Namusee. H. W. somewhat in price, but on the other baad the Fraser, Capt. Goddard, A. R. Lowe, C. I present high rate of exohenga la against us, and Rogge, A. Hodger, W. H. Wickham, W. II then too our two best and largest local contracts Purcell, J. J. Leiris, W. S. Juckron, F. H. are rapidly running out. However, railways in Michaol, D. Forbes, H. Solraeter, S. A. Lerg, China have brought us some business, and will, A. V. Apear, J. Bartos, C. E. Anton, R. R. we hope, bring as a good deal more. There is Hynd, F. A Gomes, G. HI. Piercy, T. Owon, nothing more that occurs to me as useful to add
W. H. Puttz, A. Gubbay, C. H. Green, Capt. except that I should like to put on record your F. J. V. Jorge, Jones Hughes, 3. A. Joseph, W. E. Clark Ho Kom-long, Lo Cheung thut, General Managers' appreciation of the loyal and. E. H. Beavis, I. Mitchell, A. G. Gordon, hearty support they have received from the Manager, Mr. Uldall, his deputy, Mr. Hewitt, and all the staff at both fagteries in a very busy your (applause).
amount of the boans, while eirenmsisuess
The motion was carried.
Mr. RoudE second and the motion was carriod.
realy on Monday.
Dr. Nogle said-Gentlemen,-Before we part, I would like to ask you to join with me in a hearty vote of thanks to the Court of Directors, the Chief Manager, managers and staff, all of whom have laboured diligently and frithfelly on our behalf. They are each and all deserving of the gruntast praise for the able manner in which they have managed the enormous fonds entrusted to their care, and thu results produced as shown in the secounts just submitted to and passed by you. As each report is inued I always remark that I cannot imagine how on earth they coutsin such a standard of exesilence. But they do. I, therefore, propose a rote of thanks to the Court, the ablo nanggers and staff generally (applause).
On behalf of the concerned, the CHAIRMAN briedy returned thanks and the mesting ended,
GREEN ISLAND CEMENT CO.
The seventh ordinary goueral tasting of the shareholders in the Green Island Cement
The CHAIRMAN-If there are no questions, I will more the adoption of the report and
accounts.
Mr. MICHAIL-You dilated just now apun the increase of capital. Some of the sharehold.
rare opposed to it; just as a matter of principle I usk you if these are to be issued at
10 and will participate in the dividend of per cent, would it not have been bettas to bor- row money at 6 per cent, and give the share. holders the benefit of the difference? That is from the general managers' points of view,
Tha CHAIRMAN-It would certainly be better if you could depend on getting money at
six per cunt.
Mr. MICHAEL-Every company in Hong kong is getting money at six per cent. It is only matter of principle. As a shareholder I like the proposal very much.
The adoption of the report, which was
agreed to.
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D. E. BraRD, CD). Wilkinson, A. Szolton Hooper, and I. B. Houskiak.
and Mr. J. M.mith, who supported him. His Excellar was art by Mr. H W. Slada the stage from which the ceremony was to be performed.
vary
more than a leader.
KODAKS AT HOME PRICE.
No, 3 FOLDING POCKET KOVAK (£3-12-64.) $38.00
4 CARTRIDGE
(3-15-0.) $60.00
LONG. HING & CO.,
No. 17, QUEEN'S ROAD.
JUST LANDED,
GUICHARD POTHERET & FILS.
F
3
{35
SPARKLING RED BURGUNDY.
PER CASE E BOTTLES
24 BOTTLES
M
SOLE AGENTS:
H. PRICE & CO.,
WINE MERCHANTS,
$32.00
834,00
12, QUEEN'S ROAD CENTRAL.
30
PIANO CO., LD.
THE
APOLLO
Mr. J. R. M. SMITH-I karo much pleasure in neeording a hearty vote of thanke kindness in coming here to-day to perform to i. E. Sir Matthew Nathon for his THE ROBINSON the ceremony of unveiling the statue of Sir Thomas Jackson. Also, on behalf of the staff I would like to take this opportunity of thaukiog shareholdora aud directors for their second mark ( of appreciation of the services of our old chief (hear, hear). The bank staff will ever look upon Sir Thomas Jackson as a personal frisud. PIANOPLAYER for he was always full of kind thoughtfulness consideration for those under his command. and Gentlemen, we are all proud to have worked with him, and gratified to think that he has all join me in the earnest hope that he may been so prently honoured. I am sure you will long live to wear his laurels (applause), Gentle mou, three cheers for B.E, the Governor, His Excellency's acknowledgment being-
The cheers were accordod, likewise a "tiger," Thank you, gentlenum. You are very good to me."
KEMINISCENT.
Sir Thomas Jackson is one of those men whose memory does not need a monument to keep it alive. In his case the words Si Mons. ntentum, circumspice ara most aptly applicable. As Bir Heary Blake said in 1899, when Mr. Thomas Jackson was receiving the letters palent of knighthood, Who does not know if letters were dropped in the post in St. T. J. I believe, ladies and gentlemen, that
Santa Fe, and the little post office of the Polersburg, Berlio, Paris, London, Disco, Straits of Magellan addrossed T. J., China, they would find their way into the Hongkong & Shanghai Bank in Queen's Road." In more serious vein, the Governor of that day referred
stiut of a tenn who has been for many years to “ the tongue of good report, that crystallised
IS A
MUSICAL TRIUMPH.
You should hear it. RECITALS DAILY.
NEW
MODEL PIANOS
BY THE MOST NOTED EUROPEAN MAKERS.
"OWN MAKE"
IN SOLID TEAK. EMBODYING THE MINIMUM OF COST
WITH THE
MAXIMUM OF EXCELLENCE $375 AND UPWARDS.
VICTOR TALKING
MACHINES.
WITH TAPERING ARMS.
LATEST OPERÁS & SONGS.
Hongkong, 1st January, 1905.
116
a prominent position before the public, and whose acts and thoughts and fooling's have be keynotes of that good report" were honesty come factors in the general welfare." The
Sir Thomas ubility.
Jackson's ability was apparent to all, and his superlative honesty was an article of faith with all who had deslings of BDY kind with him. We get the impression, indeed, that he is not merely an honest man-
the noblest work of God"--but that his hongur is of ao scrupulous a sort that his fellow men
A SELECT DAY SCHOOL," look up to him as a kind of commercial saint.
University Trained Forsige beyond money-making; be did good work for His unflagging energy went beyond breaking.THREE
Teachers and Capable Chinese Teachers. the general interest of the empire," and so set Careful supervision and ludividual attention an example that might well be taken by some assured, Bath ENGLISH CHINESE other Ixialmen of these degenerate daya. His taught. Special attention given to Cover- ingenuous character was displayed in the rational English. Only a limited number can be manner with which be accepted the honour of admitted, knighthood. He named the colleagues whom ls considered to have done ungradging "ster-
his
ROOM for ONLY FEW SEATS MORE.
Apply at ones to
F. O. LEISER, Head Muster, Chinese Y.M.C.A. 20. Des Voeux Road, Central
Hongkong, 6th February, 1908, ASSOCIATION
.358
NIGHT
have again boon exceptionally favourable I fool that I must repeat the caution uttered by my predecessor in the chair to the effect that the El bonus should not be looked upon as a resurring certainty, maro especially in view of the fact that we have since added 10 a year to the ordinary dividend. It is only filing that I should my at ones that tho thanks of shareholders are due to our managers, agents and staff generally, and I are sure you will approve of one action in voting them a beaus of 15 per cent, on their salaries, Turning to the balance shoot you will find that our note eirenlation shows au ivornado of Inon compared with the figures on 30th June last, while silver ourrout accounts are some $80 laos lews, reflecting the usual demand for money at the end of the year. The withdrawal of some of the local funds temporarily lodged with us in London, accounts for the dearonse in gold
Mr. SLAE suid:-Your Exellency and Gentlemen, by way of introduction to the ourrent accounts. Deposits in gold romain
esrenny in which wo are about to take part, practically unobanged,while silvor deposits show
will briefly recapitalste the circumstances which sa increase of $25 lack. Outstandings under Company, Limited, was held on Saturday fore
ive led up to it. Sir Thomas Jackson took the heading of bills payable are $12 bos la noon at the office of the general managers,
er the Chief Managorship of the Hongkong than six months ago.
On the other side of the Messrs. Showan, Tomes & Co. The Hon. Mr. R.
flourishing, when indeed its circumstances were Bank in 1876 when i's fortunes were not account you will see that we are in a very strong Showan presided, and the others present were
somewhat humble. Heinid down the burden cash position. Coin lodged with the Hongkong-Sir Paul Chater, Dr. J. W. Noble, Hon. Mr.
in 1902, leaving the Institution proudly and, ne Government against excera note issue has riseur. Dickson (directors), Captain Clarke,
think, firmly established, as the premier from 88,500,000 to $10,000,000, our each: shows Messrs. A. Denison, F. J. Maas, G. J. B.
Bank in the Far East. He was always the first to claim that these respits were in a large
. an increase of $30 Ines, and wa havo about $11 Sayer, Captain Goddard, A. Babington, J. R.
mesaure due to the splendid serviosa roodered laca more builion in boud and in transit. These Michael, W. Partans, II. F. Carmichael,
by the mon who were associated with bira in his life'n work, but ther, on the other hand, increases are mainly accounted for bythe expan-] S. Somerville, A. Roza, G. Murray Bain, and
have always been ready to attribute them to his sion in our note issue already referred to, and by W. S. Jackson,
able leadership. A born loader lo was every.) the preparations made for the usual requirements
The CHAIRMAN said-Gentlemen,-The
one who has known his on his serious sida knows that--but be wa of trade as this poriod of the year. Indian Report and Accounts for 1905 were issued on 9th
There are leaders who command admiration by ling service to the Empire," Mexars. Cameron Government Rupee paper, and Consols, Colonie instant and we will therefore with your permis.
the brilliancy of their intellectual achievements, and other securities, stand at $11,234,378,35 last year's austing we have done still betfor sion take them as read now, As we anticipated at
and Hillier. Ho was happy in his remark that but Tho otherwis fail to commund
he looked upon the Hongkong Bank A successful banker against $13,954,599,64 on June 39th. Sterling than before, and the accounts shows gross seconded by Sir PAUL CHATER, was thon hace more than intellect.
our respect.
mustamber one wife," and the laughter and sp Risarve Fund juvestments remain unchanged. profit on working of 5495,834.00 as against
He must have. Corrent exchange is now over 2, the rate at $444,6940) last your, the not amount available
character. Character as mers to do with plause did not obscure the recognition that be successful banking
had fo. many years been a very devoted husband brilliant. than which our gold reserva appears in tan balune for appropriation, after deducting interest and
On the motion of Mr. PARLANE, and second intellectual gifin for, after all, the great thing had the greatest opinion of the future of inderd. It is worth remembering that he then
shest, but any difference on that account is saudry charges and allowing for depreciation, Hon, Mr. C. W. Dickson, and Dr. J. W. gentlemen, Sir Thomas Jackson had both com
ed by Mr. CARMICHAEL Sir Paul Chater, is to inspire confidance. You colloney and Hongkong," and we may be pardoned the little more than counter balanced by the price at which being 8437,21987. Out of this we propose to
bined, and when he left the Colony although songs of the mere effigy of such a man in *upurutitious touch of suggesting that the pre- the sterling investments stand in our books as
placo $10,000 to Reserve Fand, and pay a
Noble were re-elected to the Consulting Com-happily still to be cona ated with ns as thai Hongkong should be regarded as "good joss." compared with their markot value. Bills dividend of 200 per share and a bonus
mau of our London Committee the sbuccaldera ceivable are lower by about $13,000,000 and dividend of 50 cents, absorbing $575,000,
of the Bank docited that it was only fitting there is a similar requation in bills diaconatal, leaving $52,219.87 to be carried forward to the
those who shall come after us of the that some monument should be erected to remind
credit of next year's accouut.
man and of his work. They decided that As it was the talanos skeet, slthough higher than a year represented to us by influential shareholders
it should take the form of a statuo, to be agu, are less than on June 30th, this, however, that a larger dividend than that of last year,
set up in the vicinity of the Hewi Office, so that it might come to be regarded me is accounted for to a large extent by the rise viz., $2.00 was expected, and as we are anxious
part and parcel of, and be perrouueafly identi- in the price of silver and the consequent to meet the views of shareholders though at the
fied with, the institution in the hailling of higher level of exobango. The confidbot expec
which he for so long took the leading part. Gentlemen, tation that a revival of trade in the Far East same time we are averse to increasing the asun
His Excelloney Sir Maltoow Nathan has kindly consented to unveil the
IMPORTED EVERY MONTH, THERE- would result immediately upon the conclusion of rate of dividend until we feel more confident
statue,
and I now, on behalf of all the chara
FORE ALWAYS FRESH paaog between Japan and Russia has not been of maintaining it at the increased figure, we
holders, have the honour of asking him to altogether fulfilled, but though mara slowly than recommend an extra beaus dividend of 50 couts
perform the ceremony.
ALEY'S, SCHULTZE'S, AMBERITE HIS EXCELLEN CY, who was received with
KYNOCK'S SPORTING was at first anticipated, yet surely the signs of per share on this occasion, which we hope will
HONGKONG VOLUNTEER TROOP, applause, said--Mr. lado und Gentlemen.-I
CARTRIDGES 8, 10, 12, 16, and 20 BORD renewed activity appear. With referance more
be approved by all shareholders. An good
angled the direotors have asked me to do this.
and NEWCASTLE CHILLED SHOT in particularly to the region directly affected by provision has been made for depreciation, and
In the three months that I spent in England Yesterday the merbors of the Hongkong all Sizes, Nos, 10 to 9980. AIR GUNS and the war it is noteworthy that an agreement
as the Reserve Fand is invested in the business
in 104 between my ratura from the Gold Coast nad my departure for Hongkong, I had calling for a display of general yeomanry
Volunteer Troop took part in a compotilion. AMMUNITION in Variety. has been arrived at between Japan and China
the good fortune to make the acquaintance of attainments.
WM. SCHMIDT & CO. The competitore, working in Hongkong. 29th November, 1942 2349 which, if interprated in a wize and statesraan- like spirit, should eventually secure for all the
three men whose powers of mind, strength of pairs, were started at intervals of 20 minutes transcended thats which fall to the common Sergeant Major Hudson. Each pair rode to character, and attractiveness of personal far from the bottom of Wong-noi-Cheong
COLD STORAGE. Hill by great commercial nations interested the obvious
lot. And I recognisil in there thres men the Weng-nci-Cheong Gap, at which place the odd1HE HUNDKUNG ICH COMPANY, LD. bensût of the maintenares of the open door is
type that lend maintained, during the last romber dismounted with rifle and proceeded by have, now 40,000 Cable fent of Cold Manchuria and equal trading opportunities for
quarter of the nineteenth century, the great the shortest route to Deep Water Bay to which Storage available at EAST POINT. Stores will all, thus realising the aim which has been so of all we turged out. The full benefit of our for the prosecution.
ness of the British Empire outside the place the even number had in the interval led be Open at 10 a.. and 4 .. dally, Sunday steadily advocated from this chair for many after their installation manch
now rotary kilus was not, however, received, us In support of the charge it was stated that meiropolitan country. The first of the thres his partner's pory by read. Arrived here, the odd excepted to receive and deliver perishable goods,
WH. PARLANE, Manager. was Sir George Dishwood Taubman Goldie, number fired five rounds at a target and there yours. Wo mnet not farget that it takes con-
the defendant was found to be selling passage who, while guiding the affairs of the Royal Niger after carried out an order communicated
Hongkong, 18th November, 1901. aiderable time to move large bodies of troops, necessarily consumed in training our workman, tickets and one of the witnesses obtained 18 Cunway, had secured the mouths of the Niger to him; and having completed this he and this operation has involved the requisition and accustoming them to the new condition from aim for deck passengers to travel by the for Great Britain. The second was Sir Frank mounted his
отд роду and led bio ing of all available means of inland transport, of things. I am pleased to say that thess
steamer Loosok. The tickets were sold Swettenkara, who, in a long connection with the partner's back by road to Wong-nei-Cheong Gap RUINART PERE & FILS, REIMS, † Malay States, raise them to their present Meanwhile the even number had fired fire preventing the free distribution of merchandise now promise to exceed our highest under the usual price and the purchaser becom- prosperous condition. The third was the man rounds at a target and carried out a given order to the various markets in Manchuris. Notwith. anticipations. Scaunch for the Profit and Lossing suspicious went to the steamer's compradore who, for 6 years, steered the Hongkong and afterwards returning by the shortest route to standing these diflculties, however, a consider-
Autouut. Referring to the balance sbest you to see if they ware good. The compradora S
Shanghai Bank
kthrough difficulties and dangers the same point as his partner and, having returned with bis partner remounted his Each ablo business has beon dono and there seems will have no doubt noticed the large stocks promptly detected that the tickets were for to opulence and security, who tempered wise
cuation with equally, wise
boldussa, British to the starting
pair was allowed every reason to expect that on the opening of principally of raw material that we are carrying geries. Detective Wilden then made inquiries esrargees with Irish joyfulness, and necessary fifteen minates in which to complete firing
and the Northern ports and with transport available I can only assure you that this is absolutely with the result that he arrested the defendant strictness with geuning kimimuss. It is be execute the written orders handed to thom aud throughout the country, we shall see a greater necessary. Your General Managers lay great
whose features-lone in bronze-by Mr. Raggi, draw a map of the island as well. The results wo shall now so before us, ud sbull admire stress on the advisibility of keeping these stooke
with the esteem and rosport Sir Thomas Jackson for all the competitors being 1 bour 10 minutes. were very satisfactory indeed, the average time demand for foreigu manufactures and the open- ing of new and more extended markets in this and would make them even larger if possible.
so well deserves (bear, hear, and applause).
Memrs. Godge and Moxon did the work in the large and important province. Gentlemen, as with our continually increasing output, even
His Excellency then pulled the necessary shortest time--I hour 4 minutes. the Bank continues to improve its position; now, they are by no means large in proportion.
rope, the shroud which ancircled the statue fell away and the well-known figure was revealed, we have made a good start for the present half to the consumption. They are all valued at
being received with three ringing theors.
loans and credits. The loftar tatals shown in
of the Company itself, and is not a reserve in the true sense of the word, we recommend placing only $10,000, to the credit of that foud, which will then amant to 8910,006. Through out the year the demand for our sement was very good, and we had no difficulty in disposing
kilns
time
WAR
mitten.
It was proposed by Capt. CLARKE, Seconded by Mr. Moses, and carried unanimously that Messrs. T. Arnold and W. H. Potts ba ro-elected auditore.
The CHAIRMAN:-That is all the business, gentlemen. Thank you for your attendance. Dividend warrants fire ready now. · ·
POLICE COURT. Saturday, February 24th,
BEFORE MR. C. D. MELBOURNE (SECOND POLICE MAGISTRATE).
ALLEGED FORGEET,
Chan Ya-mui, described as a bank clock, was charged (1) with forging a passage-ticket with the intention of obtaining a passage to Bangkok on beard the 8.8. Locuck, on the 22nd iost, and (2), with ottering the said passage ticket with the intention of defrauding the master of the 's.s. Loosel. Mr. H. J. Gedge, (of Messrs. Johnson, Stokes and Master) appeared
at No. 223, Queen's Food West and there found a book of passage tickets and some forged tickets. The tickets were imitations of those sened by
the N. D. L. Company.
The defendant was committed for trial at the next Criminal Sessions.
SHOOTING.
The monthly shoot in connection with the Right Half No. 2 Company, H.K.VC, took place at Tai Hang Range yesterday (Sunday). The first six cards returned were:---
H'cap. Total Gunvor A. T. Pugh... ..83 17 101 Gunnor F. A. Biden.....71 18 S Grauer E. B. Rood ...62 21. B3 Corpoint H. D. Bell... 69
80 Borib. A. E. Wright ...65 16 80 Gunner A. F. Warrick ...62 18
+4
80
Rose, commanding the troop, adjudicated at Major Pritchard noted as judge, while Lieut.
the targets,
SCHOOL. BUSINESS Courses & SPECIALTY.
TANGLISH taught in SIX FORMS.
Careful inspection of all work. SIX FOREIGN TEACHERS, TWO CHINESE TEACHERS. Opening from 1st March, 1906, For farther information call or write.
THE HEAD- MASTER. Chinese Young Men's Christian Association, 26, Des Voeux Road, Central, Hongkong. Hongkong, 15th February, 1908. 416
CARTRIDGES.
Established 1719, CHAMPAGNE GROWERS AND SHIPPERS.
147.
Ship only the Finest Quality Extra Dry (Gresa Sent).
LAUTS, WEGENER & CO.
Sole Agente,
12:2
fog cong, 17th May, 1905. ON SALE OUND VOLUMES of the HONGKONG
D
B WEEKLY PRESS, Jaly to December 1995. With Isoar. Price $7.50.
Ou salo at the Hongkong Daily Press Office Hongkong 20th Feb., 1996, -