For your own comfort in Tropical Countries use
CALVERT'S Carbolic Soaps.
- Sold by heal Chemists and Stores. Made by F, G. Calvert, & Co., Manchester, England.
Guarded against Infection.
215
Perfect Personal Cleanliness.
3888888
Freedom from
Skin Irritation.
GYD GYD GYÐĽOVD
Calverf's 20% Carbolic Soap.
Among the special purposes for which this power- ful antiseptic soap is useful, it has secured a wide popularity as a safeguard against infection, as a protection against mosquitoes and other insects, or for antiseptically cleansing their bites.
Calvert's Carbolic Toilet Soap. You will appreciate the feeling of thorough purifica- tion ensured by the antiseptic properties of this delicately perfumed soap, while its pure quality meets 6 the requirements of even a sensitive skin.
ÇAY BAY CAS
GYD GYD GYD
Calvert's Carbolic Prickly-heat Soap is most serviceable in warm climates as a preventive of prickly-heat or other skin irritation. Well adapted. for regular bath and toilet use by its purity, antiseptic properties and pleasant perfume.
Which meets your special need? Each suits the climate.
THE HONGKONG DAILY PRESS, WEDNESDAY, AUGUST 4rn
COMPANY REPORT
BELL'S ASBESTOS EASTERN AGENCY, LIMITED.
The fourteenth annual report of the directors to the 31st December, 1908, mys:—
GERMAN SEA POWER AND MAFISUAL "REFORM.
BY ARCHIBALD R. COLQUHOUN,
I.
1909.
Bismarck never concealed his opinion that Free Trile in England was an excellent doo trina-for Gormany--and he, mot it by the Introduction of Protection in his own country, England has abolished Protection after she had benefitted by it to the fallest extent.
The balance of Profit and Lossaccount, inclu. German Government is finding a great liquity owing to her expital, her iron, her coal, and her
sire of £648 10s. 10d. brought forward from previous year, shows a credit of £1,802 168. 91. The directors recommend that this amount be sallocated as follows: To write the balance (2400) off Furchase of Tending Rights," to pay a dividend of 15 per cent. for the year, free of income tax, absorbing £720 15s, and to carry forward 2682 is. 9. to the next account; the sum carried forward includes provision for pay mout on June 1st, 1909, of the sum of £500 off the debenture, in terms of the Bond.
The agreement with Bell's Asbestos Company, Limited, having expired on December 31st, 1908, a new agreement has been entered into.
Mr. H. R. Preston retires by rotation, and, being eligible, offers himself for re-election.
Messrs. Cooper, Scott & Clarke, the Com-
NOTICES TO CONSIGNEES
NORDDEUTSCHER LLOYD, BREMEN, IMPERIAL GERMAN MAIL LINE.
NOTICE TO CONSIGNEES,
One frequently Hones the statement that the
in raising the money for its naval programme and that taxation in Germany has already mehed the limes Pho Impression conveyed is that the Emperor flads himself in the position of a Chancellor of the Exchequer who at
Badget passed, sequently cut down the items until they went the views of the taxpayer. No analogy with our own systom, however, gives a correct idea of the situation, for the simple reason that the organised on absolutely different lines. German Empire and the British Empire are mont was opposed to it, and Bismarck has Godown Company, Limitat, Kowloon, and West
get his
and
IMPERIAL AND STATE REVENUES.
Fres Trade is the weapon of the strongest nation, and England has become the strongest nation harbours England herself is slowly returning to Protection, and in some years the TE Stenship the home market." (May 2, 1879) Aeanwhile having arrived, Consignos of Cargo aus hereby will take it up in order to save herself at least
**GOEBEN," Germany was cannot
blading to death owing to informed that their Goods with the exception insaflient Protection." It must not be up- of Opium Treasure and Valuables, aro being posed that the adoption of protostiva tariffs in landed and stored at their risk to the Germany was due to any doctrinaire theories or hazardous nadjer extra haserdous Godevas of in deference to any principles of political the Hougkong anil colour Whare And econcuny. On the contrary, the doctrimire declared that in such cases he viewed scientific obtained.
Point Gadowas whence delivery may be theories with the same doubt with which he
have left the Godowns, and all goods remaining No Claims will be admitted after the Goods undelivered after the 4th Aug. will be subject
we to rout.
regarded the theories applied to organisms other than the State. "I base my opinion on the practical experience of the time in which we Biormer) has summed the matter up in a similar e living. A Gorman economist (Professor analogy by saying, "Protection and Free Trade, rightly considered, are not questions of principla
to be left in the Gotowas, where they will be All broken, shafed, and damaged Goods are examined on the 4th Aug., at 9.30 ..
pany's auditors, also retire, and offer themselves e profits on this, a tax on tobacco, and but only remedies of political and scouor Ang, or they will net bo recogalin
the
By the Federal Constitution of Germany the different States retain the right to inpose direct taxation within their own borders, and over the moneys thus obtained their State Governments have the control. The indirect taxation gathered through Customs duties, port dnes, Excise duties on sugar, salt, bear,
I spirits, stamp
Imperial rallway, postal, and telegraphic services) constitutes the Imperial revenue and is devoted to those services which are under the direct control of the Imperiat Government. Even this revenue is not unre- stricted. The Customs duties and Exciso beyond, a fixed sum are appropriated by the States in peoportion to population. Should there be the Imperial Chancellor £. d. deficit wher
frames his Budget and estimates the revenue 44 10 2 220 10 available this must be made up by what are 250.00 known as "matrienlar contributions from the
15 15 0 States.
The customs and Excise duties provide the 54 18 7 96 16 0 0 Empire with its most reliable source of income. 16 o creased rapidly, being now six times what it was thirty years ago. Bismarck initiated Protection 697 169 very largely with the row of providing an 1,154 5 11 Imperial revenue without direct taxation, baing strongly convinced that "Whoever wishes to £1,852 2 8 make the electors discontented with the Govern
ment will seek to maintain direct taxation! d. Whoever wishes to see the population contented will favour indirect taxes.” The revenue from 175 175 Customs dalies and bele was over forty six 1,448 10 11 millions sterling in 1906.
£1,852 2 81
for re-appointment.
By order of the Board,
G. LENNOX, Fecretary. 25th June, 1909. -
PROFIT AND LOSS ACCOUNT.
Dr. To trade expenses To London office expenses To director's fees To auditor's fee
To income tax........
To advertisements
To depreciation on furniture.
To balance, net profit
214
To debenture interest
ត
and sometimes in small doses."
We are scous-undersigned
therapeuties which, secording to the state of the Tatient, have to be prescribed sometimes in big tomed to regard Germany as the land of theory and Gormans as idealists above everything, but while Eughud, both in her State policy and her fiscal system, has for a long while been ruled by the doctrinaire element Germany has developed on practical und matter of fact lines..
All Claims must reach us before the 8th
No Fire Insurance will be effected. Bill of Lading will be countersigned by the
NORDDEUTSCHER LLOYD, «^
MELCHERS. & Co,
General Agents. Heagkong, 28th July, 1909.
[5
9.S. TONKIN," COMPAGNIE DES MÈSSAGERTES MARITIMES.
NOTICE.
25 0 0 and the revenue from this source has been in- Court, Skanghai, last week, when thros Chinese ..Vila de Citte"
64
£
By discounts, &c.
By commission!..
By profit on trading...
His Majesty the King.
BALANCE SHEET,
To authorised capital
By Appointment to
When you feel thoroughly exhausted after a heavy day's work, begin your dinner with a BOVRIL Soup, and so ward off indigestion.
BOVRIL
stimulates the gastric juices and immediately strengthens
and invigorates the whole system.
“SHACKELL'
70-2
“SEAL" RED PRINTING INK
IS ABSOLUTELY THE BRIGHTEST RED ON THE MARKET,
SAMPLE GRATIS
SHACKELL EDWARDS & CO. LTD.
PRINTING INK MAKERS.
ESTABLISHED 1786.
"HEAD OFFICE 5, RED LION PASSAGE, FLEET STREET, LONDON, EG
Hongkong, 16th October, 1907.
E.
AUCTION
R.
PUBLIC AUCTION.
HE Undersigned havo received instructions
to Sell by Public Auction,
On MONDAY AND TUESDAY,
the 9th and 10th August, 1909, st 10 A.M., each day, at H.M. NAVAL ESTABLISHMENTS, SUNDRY OLD AND SURPLUS- NAVAL AND VICTUALLING STORES, Comprising: OLD AND SURPLUS NAVAL STOREX:—— CHAIN, WOOD BLOCKS, HOSES, TOOLS, OLD IRON and METAL, OLD MACHINERY, ELECTRIC CABLE and GEAR, MATS and MATTINGS, WOOD BOXES, LEATHER, COAL SACKS, OLD INDIA RUBBER, ÖLD BOATS, FURNI-
[934
APENTA
-
NATURAL APERIENT WATER
Bettled at the Springs, Budapest, Hungary, For continuous use by tlie Gouty, the Constipated, and the Obes.
GOLD MEDAL,
LIABILITIES.
Dr.
8,504 shares of 12/6 £ 8. d. Gach
5,377 10 0
To subscribed ospital:-7,688 shares, £
12/6 each fully paid
To sundry crediters-London and
Branches
To debenture bond
To reserve
To undaimed dividends.
To contingent liability
for gooods on consign- ment, per contra
... £731 13 0
To Profit and Loss ac
count, Balance from £ #. d. last account
2,069 5 10 Liess amount written off purchase of trading
rights
£500 0 0
Dividends
1908
720 15 0
Reserve so
count
200 0 0
Add profit for the year
1908
-1,420 15 0
£648 10 10
...1,154 .5 11
14 4
IMPERIAL DEFICITS.
A LIFE INSURANCE FRAUD.
Another case of frand in connection with life insurance was brought to light at the Mixel wercharged with having obtained the sum of Tia. 2,500 by means of fraud from the Clins Mutual Life Insurance Company. The case was heard before Magistrate Wong and Mr. Fletcher, British Assessor.
YONSIGNEES of Cargo from Bordeaux and P. Leroy Lallier" in connection with above Stamer are hereby informed that their goals with the saception of Opium, Treasure and Valu ables are being landed and stored at their risks into the hazardous and/or extra hazardous Godowns of the Hongkong-Kowloon Wharf and Godown Co., Ld., at Kowloon whenca de-
Mr. L. E. P. Jones, who appeared for the China Mutual Life Insurance Company, stated that in August of last year application was raade the Matail Life Insurance Com many by an insurance brokas named Woo Tol-landing. wai for a polley o
of insuranos upon the life of une Tsao Ching-foc, a tes merchant, whose ad- Despite the increase there has been a growing dress was given as Shanghal. The necessary gap between Imperial revenue and expenditure. formalities were complied with and the policy In 1905 the deficit was over Haven millons issued. The first premium was paid by the sterling, and in the Baancial year 1908-9 it ross brokor Woo, who received the anal broker's to thirteen millions, while the present year commission. On June 2, 1909, the Company shows, a deficit of
may be obtained immediately after
Optional Cargo will be forwarded on unless intimation in mecived from the Consignees before NooN, TO-DAY, regnesting it to be landed here.
uestion as to hawenty-five-millions. The as notified that the insured had died of subject to rent and landing charges.
dysentory and an application was made for payment of the sum of The 2,600, the amount of the policy, to the widow of the insured. The usual investigation was made, and the papers which were sent in appearing to be in order the money was paid. In the meantime a notice had been sent to the insured by one of the Company's employees who was not aware that the policy had been paid, reminding the insure that the second premium would be due abortly and requesting tum to make arrangement for the payment of same In reply to this notice a letter was received stating that the insured had suffered a great loss. business and that he was unable to make the payment. Upon the receipt of this letter inquiries were undle with the result that the frand was detected. The insured had not died and the first premium was not paid him but
by by the broker. The latter was arrested and also a man who was alleged to have written certain forged letters which led to the claim being paid. The third man before the Court was the person who had guaranteed the claim when it was sent in to the insurance company, In the house of the broker the sum of $1,400 was discovered.
this lefcit is to be mot has been agitating Germany during the present year, and the States are considerably alarmed a. d.
at the amount of the contributions which they 4,805. 0 0
may be called upon to make, while at the same time, as upholders of the Federal principle, 1.795 15 0
they are not prepared to see the Imperial 1,000. 0 0
Government imposing direct taxation for its 1,500.0 0
252 80!own parposes. Meanwhile the emergency has been temporarily met by transferring large Items of expenditure from ordinary to extra- ordinary estimates and covering them by loans. 31uch of the expenditure on harbour, docks, and canals has been in this way, and as many of these undertakings are actually productive it cannot be said that the system is altogether unsound. This is even more obvious with regard to the debts of the States themselves, Incurred for such development works na railways, canals, mining, and forestry, and secured on neseta which have a definite and increasing commercial value. The diference between the British and the German State is that, whereas the former ovus no property, and merely administers mouer raised by taxation, so that the debts it incurs are not covered by commercial assets, the Ger. man Stato is the owner of large business enter parises, the controller of industrial concerns, onl (in the case of the Federal States) is also 1,002 16 landowner on a large scale. Over fifty millions Tife Insurance Company the difference between sterling was earned in 1906 by commercial the $1,400 recovered and Tis. 2,500 paid, suð undertakings the Empire the from railways) of thor were ordered to come up for sentence st and the States. Nevertheless, the end of that time. The $1,400 was handed
£11.155 19 9
-Note.--Exchange is taken at→
Hongkong at 18. Båd, per dollar. Singapore at 2s. 4d. per dollar
ASSETS. Cr. By-cash at bank and in hand ; -At
London and branches..
By remittance in transit... By Bel Asbestos Company, Limiti
ed-deposit account
By Tondon asseta -----
eundry debtors...
326 197
2
Office furniture .....
By Hongkong agency assets :---
Furniture
Sten larnch
Sundry dobtors..'
Stock...
£
8. d.
700 0.0
250 0
The three prisoners were given one month in which to refund to the China Mutual
the rapid growth of Germany's Imperial Debt over to a representative of the insurance com-
from 202 millions sterling in 1885 to 212 pany. milljons sterling in 1908—given cause for alaria:
to German economists, and it is generally admit- ted that the method of finance is unsound. The
the
727 173 Imperial credit, however, is not at all shaken by the start or the succeeding deficits, for States are sureties, and, in spite of consider- able liabilities of their own, they have more than ample assets. The Imperial Treasury does not, under the present system, reap the_tail benefit of the increasing riches of the country, 334 5 7 but is obliged to me the Etates for help. and in default of an immediate response must have resource to borrowing and to juggling with the Badget. The proposals for increasing the Imperial revenue which were announced on November 3, 1908, -----2,817 8 11 were a partial monopoly of the manufacture and sale 'of spirits, an increase of Excise duties, no imposition of deaths duties, and taxes on gaa electricity
and neispaper advertisements and posters. The discussion of these proposals haa bean agitating Germany for the last half year, 5,335 9 8 but the decision is now postponed. So far
€22. 8 9
352 2 0
309 1 3
2,133 16 IT
By Singapore agency, assets :---
£ 10 0 0
Farniturs...
Sundry debtors.........
... 1,870.1 3.
Stock...
2,743 6.4
Stock on consignment 711 12 1
By goods in transit
480 8
0 110 10 4
St. Louis, 1904.
VOSE-A Wineglassful in the morning before Breakfast.
[969-2
By Consigament sales By Purchase of trading
rights
Loss written off
...£3,000.0 0 2,600 0 0
401
By Goods on consign.
ment, per contrs
731 13.0
TURE, CARPETS, SURGICAL INSTRUAS SUPPLIED TO THE HOUSE OF MENTS, &o, &c., &0.
LORDS AND HOUSE OF COMMONS.
OLD AND SURPLUS VICTUALLING STORES: PROVISIONS, SEAMEN'S CLOTHING, BLANKETS, MESS TRAPS, IMPLE MENTS, STAVES ELECTRO-PLATED and a guantity of ARTICLES, &c., kc.,
Bc.
Catalogues will bo ikanoid.” TERMS OF SALE:--As Customary.
HUGHES & HOUGH,
Government Auctioneers..
Hongkong, 24th July, 1909.
INSURANCE
(1002
TORTA BRITISH AND MERCAN- TILE INSURANCE COMPANY, WITH WHXem is IncorPORATED THE OCEAN MARINE INSURANCE CO. TOTAL FUNDS AT 31st DECEMBER, 1908
£19,121,310.
Authorisol Capítol ... £5,000,000
Subscribed Capital:
Paid-up Capital
II. Fire Funda
3,275,000
0212,500
3,204,753
7 10
Tho Undersigned, AGENTS for the above Company, are prepared to ACCEPT RISKS | against FIRE ut Current- Intes,
SHEWAN, TOMES & CO.,
Agents 20 Hongkong, 21st July, 1909;
(908
THORNE'S
РЕВОЛВИ
OLD VAT
$15
THIS VAT WAS STARTED BY THE LATE ROBEAT TNDANG “GE GALEROCK AWN HAS BEEN BULB AS NEE CUMA (8XA,
SCOTCH WHISKY
STLE AGENTS IN
1033.
HONG KONG, CHINA & MANILLA. A.S.WATSON & CO.LTD.
Prince Bulow has not encceeded in his endeavours
so to group the parties as to obtain the necessary. sanction, bat although everyone would prefer to see the Imperial Treasury filled without a further depletion of his own pocket it is notable that there is no general attempt to denounce the Government for extramagance.. { "The question is on whose sheniders the bardon is to fall. Nor does the temporary difically stop the progress of the imperis naval £11.155 19 9 programme, since that has been sanctioned already by the Reichstag and extends for a period of ten years ahead."
THE OSAKA SHOSEN KAISHA.
At the half-yearly general meeting of share- holders of the above Company, held at Osaka the 22nd ult, Mr. Nakahashi, the President, in submitting the Directors' report, referred to the affairs of the Japan-Chins Steamship Company in which the O. B. K. is largely interested, and it was hoped
stated that sa a result of
Department of Commistions with the
TAXATION..
Estimates of the taxation per head of the misleading unless accompanied by a careful population for purposes of comparison are usually calculation of the cost of living and of the bene- fits conferred by the State apen the citizen. The German workman may pay so much to the State, but the State gives him back
definite
was not only
again
percentage in a large number of ways. that a more satisfactory arrangement between It is impossible bere to follow up this question the Department and the Company would be in any detail, bat we can, in broad cutline, trace arrived at, so that the latter's business world
the growth of German prosperity and note its not be so unfavourable in the future. With relation to the heavy expenditure of the Im
perial Government. regard to the Kaisha's new American service, Mr. Nakalasiri said that fall
THE OROWTH OF PEOSPERITY.. Cargoes were forthcoming
for the outward journey.
As
Half a century ago, when Great Britain was to the return tripe matters were not satiafas undisputed mistress of the commercial world and tury, as some cargo was being sent zid knew no rival. Germany was a peor agricultarel Sues on account of the American railway country divided into a number of
petty States freight difficulty, but it was not probable that continually bickering with each other. Great such a round-uboat way would continue to be Britain
the workshop of the preferred to the nearer route. Out of the six world," but she did the world's carrying trade, steamers to be used on the American route four she was the banker, the financier,-the-engineer could be paid for ont of the reserve fund, Two and the colonist of the world. England is of these had already been taken delivery of, the world in itself," wrote List, the great German third would be received during the end of this economist, "a world which is superior to the your, and the fourth in March next. With whole of the rest of the world in strength and regard to the fifth and sisth, the provision of riches." This was the conviction also of British the necessary funds was being considered and it economists like Cobden, who in their belief in was expected that the Directors would be able to the unassailable economic position of their coun lay a proposal before the shareholders at the try proclaimed the doctrine of Free Trade, which next general meeting. A dividend of 6 per they believed, would ultimately be accepted by cont. was adopted.
all the world.
APIOLINE
AGEE (TASTELESS FORM
(CHAPOTEAUT)
LADIES
CAFS
For functional troubles, delay, pain and those frregularities peculiar to the sex.
Prescribed by the highest French Medical authorities and muperior, to Tansey, steef Drops and Pepay royal. CHAPUTELUT, 8, ras Vivienne, Paris. Sold by all Chemists.
122-3
THE NEW FRENCH REMEDY.
THERAPION
TRADE
MARK
This successful popular remedy, sand in conûncate) hospitals by cord, Rostan, Jobert, Veljinu and others, surpasses everything lither to employed.
THERAPION NO. 1
in a remarkably short time, often a few days only, regoras all discharges, supersoding injection, the use of which does treparable kayu by laying the foundation of strictupë and other serious discases.
THERAPION No. 2
for blood poison, bad legt, spots,hletches, ecxezas, pain and swelling of joints, secondary symptom, ulcerations, gout, rheumatism, &e. It purificathe -whole system through ti
•the blood, and thoroughly eilmiksales all polsoñons matter from the body
THERAPION NO. 3.
for exhaustion, B; those 'used up feelings resolting- from dissipation, worry, ayerwork, excesses, &c. 11 possesses samprising power in restoringetrength & gour to those suffering from enervating falu- ences of long testenco in kot, unhealthy climate
THERAPION :is obtainable of principal MedicineCo.Haverstock
Chemists Cier Price in England 9/9.
Road.
The above Trade Mark is a fac-simile of word *;
THERAPION," it appears British Government ted to every geguide pakage.
ON SALE.
Bill of Lading will be countersigned by the Undersigned, Goods remained unclaimed after YONDAY, the 9th inst., at Noos, will be
All claims tomst be sent in to me on or before the 9th inst., or they will not bo
recognized, Al damaged packages will be examined on MONDAY, the 9th inst., at 3 r.m.
No Hire Insurance has been effested.
P. DE CHAMPMORIN,
Agent, Hongkong, 2ud August, 1909,
{2.
MITSUBISHI DOCKYARD AND ENGINE WORKS, NAGASAKI.
CODE WORD: "DOCK," 4.1, A.B.C., and Engineering Code User NEW DOCK NOW OPEN. DOCK No. 3. Extrenie Length... Length on Blocks
ཝཱ སོ ཝཱ བོ
722 feet
*!
*714
963
881
34)
523 fort
Width of Entranco on Top Width of Entrance on Bottom Water on Blocks at Spring Tide
DOCK. No. 1.
Extreme Length
Length on Blocke
Width of Entrance on
Top
Width of Entrance on Bottom
Water on Blocks at Spring Tids
DOCK No. 2...
Extreme Length...
Length on Blocks
Width of Entrance on Top
Width of Entrance on Bottom Water on Blocks at Spring Tide
PATENT SLIP. Suitable for ressels up to 1,000.
513
88
371 Teet
350
66
53
THE WORKS a wall aquipped with LATEST PLANTS 2nd "APPLI- ANCES to undertako BUILDING or REPAIRING SHIPS, ENGINES, and BOILERS; mel also ELECTRICAL ! WORK.
A LARGE STOCK of MATERIALS is
am Kept on hand.
COMPANY has the powerful steamer "OURA-MARU” · (712. tons, 700 LB.P.) specially built for SALVAGE PURPOSES equipped with nevestury, gear, «lways_nady Short Notion
KEATING'S
WORM TABLETS 20
A purely Vegetable
Sweetment
Bold in Botiles by all Dragyfyin
Keating's Worm Tablals furnish amIDIEŤ agreeable method of administering the only certain remedy for Intestinal or Thread Worms. Ferfectly safo, mild, and specially adapted for children To da pitaines of all Druggists. Fronton, THOMAS KEATING
London E
CHILDREN OF · FAR
CATHAY
A SOCIAL AND POLITICAL NOVEL OF AUBOBBING INTEREST,
By CHAS. J. HALCOMBE (Formerly of the Imperial Chinese Customs Service, Author of "The Mystic Flowery Land," etc.). THE VOLUME which consists of 451 Pages, and includes a Sketch Plan of historical interest shoving the disposition of the Forces at the battle of Kwailin, i dedicated. to Sir ROBERT HABT, G.C.M.G., and Dr. A. RENSIE.
Its description of Chinese Social Custome and Superstitions, combined with the insight if ives into political conditions in China, makes *CHILDREN OF FAR CATIAY" an excellent volame for presentation to friends at Heune,
Well bound in Yollow Cloth with Chicano
PRICE
83.50
➡OUND VOLUMES & the HONGKONG | Emblem in Gol.
WEEKLY PRESS. July to December,
1908. With INDEX. Price $7.50.
To be obtained: from Messrs. KELLY & WALSH,
On sale at the "Hongkong DaILY PRESS * | LTD., Mesra, BREWER & CO, "or" "from the Oboe.
Hongkong, 21st January, 1909,
Printers and Publishers, the "HONGKONG
DAILY FREES Office.