Page
SPORTING NOTES.
The international polo match between the representatives of Manili and Hongkong has resulted in a complete triumph for the visitors,
COMPANY MEETING.
THE TOERANGIE RUBBER CO, LTD. The anmaak geseral meeing of sharkolders
THE HONGKONG DAILY PRESS. FRIDAY, APRIL 7TMa, 1911.
Last year the Hongkong men did something to in this Company was held at Sir Hormasjee and by sale of the produce to be espable of bearing
retrieve the defeat sustained at Manila the month before, but not so on this cossion. The Americans rode faster than our meu, and put a lot more dash into their play. However, better
luck next time.
vere
Cricket stilll ingers. Two matches, one a played last belated league fixture, Saturday, and a matel took place on Wednesday ou the Cricket Ground between the B.GA. and the Minotaur. The league game resulted in an unexpected win by the Civil Service over Craigengower, who in consequence drop from second position in the league fable to third R.G.A. coming up to second place. The Club had a fairly easy victory over the Army Ordinance on Saturday, Donnelly and Payne talking five wickets each. On Wednesday the Minotaur accounted for the R.G.A. by a good margin.
HONGKONG CRICKET LEAGUE.
The Secretary read the notice convening the meeting.
that there is no uncleared, uppreparel agri- cultural land in the world which in its wildkatate commands a higher price than Sumatra tobacco. land when and this in the Important point-it has been proved by notaal onltivation of portions high-alam tobacco. As we have heard from our chairman, the Company is applying a portion the Amsterdam sales next spring, Toerangio fits capital in improving its property. If at tobacco will fetch prices anywhere near those obtained by our neighbours this year, the waine
Mady's ofBon, Victoria Emildings, yesterday afternoon. Sir Hormuje Mody presided fothers present being-Messrs. A. Denison and H. Pinckney (director), Mr. M. Fender Harris seorutary), Commander G. W. Beckwith, Dr 0. Forsyth, Hagare, H. Percy Smith, P. Loureiro, M. W. Sindo, A. L. Stein, S. Gof our estate is as longer based merely on the Nowall, A. B. Rogeo and A. S. Hewett
estimates of experts, but as to ourtobacco, and will have boos proved by the touchstone of the market, Great success in tobacco growing can only be attained by luck with the weather at the critical periods of the growth of the crop. But moderate success can be commanded by good management, as is shown by the results obtained, for instance," by the United Langkat, which, during the last years, has never failed to pay a dividend from
varied from 40 per cent. to 10 per cent.. the prole of itatobacco. These dividends have
but
;'6
The CHAIRMAN said Gentlemen, The directors repart and the accounts have been in your hands for some time and you will doubt less allow me to take them as read. The balance sheat is, as you will have noticed, inted this 15th of February, and the report was drawn up on advices received from Samatra to that date. On the lat March call of 5/- was made and the shares are now 12% paid up. The only items la the tecount upon which I the advances propose to comment are
and brokers Indina to Chiuese nd
The following is the League table up to commission. The advances to Chinese are advances to Chinese contractors and builders as
date:-
Club.
R. E. & Dopts...
R. G.A.... Craigengower...
Hongkong
Kowloon
Yorke......
Remnants
Civil Services
H.K. Police
A "
*
Played.
Das Draws.
Per cent
3
1
46.66
9
COMPANY REPORTS.
UNION INSURANCE SOCIETY OF CANTON, LIMITED.
The report for last your is as follows s
The Board has now to lay before shareholders a balance sheet containing a summary of the property and liabilities of the Soniety on the
31st December, 1910, and a statement of accounts to the same dato,
1909 Account. After payment of the interim dividend of $30 per share and the bonus of 2 per cent. to Contributors passed at the last annual meeting there remains a balance of $237,782.87 as per sanexed statement"
The Board recommends that this sura be appropriated as follows:-
mo
A final dividend to shareholders of
$20 per share on 12,400 shares.... $248,000.00 fund of £10,000 at Exchange An addition to the sterling reserve
1/10
writing suspenso noceant to close the account for the year To be carried forward to under
103,781.87
491,0CL001 *$837,782.87 1910 Account-The balance of Working Account on the 31st December, 1910, was 82,588,961.82 as per annexed statement.
1939 never has there been a blank year, show such results It that Company can I see no reason to fear that ours will not do well, for our
'managers have been trained in that successful school. I have beon red to make these remarks by having made care-
The Board recommends that an interin
INTIMATIONS
specified. We have obtained all the information and explanations wo have required, and in car opinion the above Balance Shoot is properly drawn up so as to exhibit a true and corrast view of the state of the Society's affairs 'nocord- ing to the best of our information and the ex- planations given to us, and as shown by the IT PAYS YOU
TO BUY Books of the Society,
W. HUTTON Poris. A. R. LOWE, C.A.. Anditors.
Hongkong, 4th April, 1911. SHANGHAI GÁS COMPANY, LIMITED,
The report for 1910 reads
The directors, is presenting the annual report and stataiment of accounts for 1910, ongratulate the shareholdere on the satisfactory result of the year's working. The profit on Working Account amounted to Tis. 279,965.59,an inerossa † of Tl. 30,083.07, as compared with the preced.
ing your.
Tho not profit for the year, after appropriating the sum of Tls. 1,065.71, premium recaived on sato of debentures, umonated to Tla, 250,557.07, an increase, as compared with. 1909, of The. 18,497,47.
The Ealance at oredît of Profit and Loss Ac- Count, after orediting the account with Tis. 4,709,25, oa ried forward aftor appropriation of the profits for 1909, and dedasting the sum of Tls. 3,960.77, bonne paid to the Foreign Staff as authorized at the last annual mooting, and the amount of Tls. 72,000.00, for isteran dividend at the rate of 6 per cent, paid on 28th July hat, recommend appropriation as follows.— To pay a Gual Atvidend for the year
well as to coolios. The advances to Indians are fol-onquiry into the odvisability of our employ | aividend of 30 per share be paid to sharehold. amounts to 11s. 179.305.55, of which the directors
to Javanese and Klings. The brokers com missier is paymont made to brokers for procur. ing contract hbour, chinty Javanese, As you all know, the ost of securing indentured labour 46.66 is heavy and the commission paid in sumatra for Javanese coolies is 75 to 100 guilders per 39.45 colic. The contracts am for three years and 35.71
the wages, including the brokers' commission, 33.33 13.33 work out at about 124 guilders for each man end
40.
The paramount interest at presuat is the tournament in progress on the courts of the Hoppkong Cricket Club. The first round of the championship is not yet completed, two matches having to be played, but the contests that have taken place so for loo's as if the struggle for the championship is likely to rest Hancock and Lieut. Day, between H. K.QT.L.I., whose handicap of owes 40 shows what bir play is vahed at by those who cught to know. The game between the brother, Hancock this week was one of the most keenly contested of the tournament, and though the eldar con by three sets to one the total of games was 23 to 16.
Kock 8/10, 9/7, 6/2; R. F. Saunders sud T. Hose beat Capt. Simson and Lieut. Sullivan 6/2, 75; R. F. C. Master and M. Reader
Harris, a byo.
Second Round-Major Palmer and Captain Crawford beat Colonel Stoopole and Captain Addison 6/2, 63; R. and H. Hancock beat G. Hastings and E. R. Hallifax 8/6, 6/1, R. F. U. Hedgeland and C. Wilson beat H.A.! S. Fowler and 8. E. Greene 62, 6/2; B. F. C. Master and Resdór Harris boat R. F. Saunders and T. Hose 6/2, 6/3, 6/1.
*1
O
brokeru
to carry
I
ers, absorbing $372,000.00, and that a bonus of 20 per cent. bo paid to contributors, abeorbing about $250,000.00, and that the remainder be
carried forward.
DIRECTORS,
Since the last General Meeting Mr. J. W. Bandow has resigned his seat and Mr. G.
the Board.
In accordance with clausu 80 of the Articles
www
Tla.
+4
84,000.00
1910. on 24, 00 shares at 7 per cent. (making 13 per cent. fer the your) Tls. 3.50 per share.... To write off for depreciation of Ms.
land and buildings 3,814,50 To write off for depreciation
of manufacturing and dis tributing plant
78,505.07
-1969.55
84,189.22 11,11633
of furniture
of Association Mr. H. A. Siebs and Mr. G. To carry forward to new account Balloch retire, but offor themselves for re-elec-
AUDITORS.
tion.
Messrs. W. Hutton Potta and A. B. Lowa retire, but offer themselves for re-elastion,
G. II. MEDHURST, --
Chairman.
Dr.
Hongkong, 4th April, 1911.
Silver
BALANCE SHEET, 31st December, 1910.
which
Ts. 179.305.55
Consumption-During the year 1910- 504,764,000 cubic feet of gas were sold to private Comers, an increams of 31,999,100 cubic feet, or 6.76 per cent. Pallic lighting accounted for 9,377,300 cubic fest. There was a satisfactory increase in the amount of gas used for power.
Coal, &o. There were 34147-17-0 tons of coal carbonized and 511,749 galous of liquid fuel used in the manufacture of gas.
Residuals.-The demand for goke and tar con tinued satisfactory, whilst sulphate of soumonin realised higher pricas tlian for some years rust.
Financa During the year Ts. 25,000 of 6
THIS
WHISKY.
M.P.
Whisky is good, so good that the domsud for it is steadily and rapidly increasing-after all, that is the appromo test of quality. We want you to know its good qualities, and the only way is for you to try it. Next time order
M.P.
It contains a Froo Paasago Coupon to Scotland in evory case,
SAMPLES ON APPLICATION.
H. RUTTONJEE
& SON,
WINE AND SPIRIT
AND
MERCHANTS.
3100 per share called and paid up $1,240,000.00 per cent. Debentures were issued, bringing the SURVEYING
total issue to date to Tlx. 800,000 00. To reserve fund-
$3,000,000,00
Directorate. During Mr. Ayoongk's tom Sterling £90,000 979,036,83
porary absence from Shanghai, Mr. L. J. Cubitt 3,979.036.83 Alled the vacancy at the invitation of the dinotora. Mr. Ayscough resumed bis sest on To reinsurance fund
£145,249.14. 7 1,580,053.71 bis return. In accordance with the Articles of Association, Mr. A. Hide retires, bu, being To underwriting suspense,
account ...£25,609. 4.11= 276.582.17 eli.ible, offers himself for re-slection.
235.165.10 | Audit.-Nr. 9, W. G. Harter and Mr. J. E. To exchange fluctastion nocount To investment factuation account 150,701.32 Bingham offer themselves for re-election as
837.782.87 auditors. To working soount 1909 balance To working acant 1910 balance
sundry creditors
Cr.
+1
and deposit accounts-
Silsor
Ity cash with bankers on current
2,588,961.82
630,957.50
$11,521,241.32
"WHHE SNOBHERY IN THE
FAR EAST,"
A proros of a telegram from our Tokyo Cor ...8 603,473.99 respondent which appeared in our yesterday's
[90
SCIENTIFIC
INSTRUMENTS
BY
Gold £102,337, 6, 2=1,113,244.39 issau, we take the following from the Japan WF.STANLEY
.. 2,854,880.57 £272,001.10, 12,958,863.23
Biver securities....... By securitities in
gold including branch and ageñoy bal. By sundry debtore
Silver Gold...
allces
Chronicle
& CO.
AND
E. R. WATTS &
ing a portion of our capital on tobacco growing. hold a substantial number of shares and have far more money at stake in the Company than care to see imperiled, and hearing the opinion freely expressed that tobacco planting was a most risky operation I sought for accurate in- formation. I satisfied myself that our fande woes not being risked in unduly hazardous 103 guilders for the women per month. This is peculation, and thought that you would be Friesland, of Meers, Melchers & Co., bas joined To write off for depreciation
interested to hear the conclusion I came to. On basp compared to the wages paid on many this point perhaps some of the figures I obtain- rubber estates elsowhere. The commission will wil be of interest. It costs all told not more be written ff year by year to the various crops than 1 gailder a lb. to put tobacco on the mar on which the coolies are employed. The protot. A field equals 1.4 acres, that is, 100 fields gramme for 1911 was decided upon after equals 140 acres. An average crop from a consultation with our Sumatra friends, but itfeld is about 10 pioula, say, 1,300 lbs. There may be thatsma sharobcide-ca hore will consider fore 10) fields will produs 130,000 lbs. It that we ara taking an ezessive risk la planting will cost to put this amount on the market at! the outside G.130,000 £10,830. Say we up 200 fields of tobacco. By the end of June
of 0.1.49 for jolit we shall know what sort of a crop we have on the
an average price
0.52,000- profit would be our clear 100 fields now plante, and we can then decido whether to plant next year 100, 150 or up to 200 about £4,330, and there are possibilities judging fields. The area will ad be increased beyond from the prices paid for tobacco from theo capitsi 12,400 shares of 3250
each-83,100 000, npon 100 tulds if the present srop is neighbouring state of larger returns than this the not up to the avarage, or if for any other reason It is aulikely that the price of Sumatra tobacco it soome inadvisable. At the first sales this will materialy fall, because the area under The Baikwan competition is now anded, and year, the tobacco from the Tandjong Langkat tobacco has bean decreased by the planting of and Sockeranda Estates, adjoining Toornagie, rubber on tobicoo lands, and the ares suitable the scores thoroughout are appended.
First-round-Colonel Steepole and Captains realised Guilders 2.59 and 2.62 per lb., very for tobacco is strictly limited. Now as to our Addison, bye; Major Samborne Palmer and high prices, and as land and conditions on these capital. Our total working capital with all Captali Crawford beat Dr. Aubrey and H. Restates are aimllar to Torangie we have, at any calls paid is about £49,000. This amount in Phelips 4/6, 8/6, 6/1; R. and H. Haucook best rate, reason to hope for satisfactory results obviously insufficient to fully develop the Wo therefore was more Lieut Day and Captain Brierley 2/5, 6/4, 6/4; G. The expenditure is chocked by two planters whole of our estate.
to put into our property: This can Hastings and E, E, Finllifar best R. D. Stewart Interated in the estate Mr. Doughty kindly mined in two ways or by a combination and C. E. Beavis 6/4, 6/8 8/6; E. F. Cagreed to audit the accounts before you of thatwo. 1. By issuing more shares, 2. By Hedgeload and C. Wilson beat P. Klimanek for 100 gulders In future we propose to applying any profits we may make from and Dr. Atkinson 6/1, 10/8; E. A. S. Fowler make arrangements with one of the staff tobacco growing to developing our rubber. out the audit. We are essentially rubber company, and. I and 9. E. Green beat J. R. Wood and Dr.
willing to wait for a ratum on our investments The latest news from the estate is that personally, and, I hope, the majority of us, are rubber has been planted through 100 acres of until our raber begins to pay. If our tobacco tobacco land. There was a long dry spell, but pays, as I hope it will, we original shareholders
shall be in a doubly strong position. Our By investments in we are advised that there were three inches of estate will have been improved beyond the in on the 7th March and that the tobacco amount we have put into it, and we shall be in should do well. At the end of February there s position to raise Earther capital, if we deside if the price of rabber flls below the generally- are 855 coolies on the estate, of which 434 are to do so, on very favourable terms, Then even Javaness under three years contract. You will accepted minimum of 1/6 a lb. we can still con- There were no questions, and the resolution have noticed in the report that the survey of the fidently expect very substantial dividends.
on being put to the meeting was adopted state has been completed. We have 6,048 acros of good laud in a central district for which we unanimously. paid about £1 an acre, 10/. in cash and 10/- in shares. The ares of land suitable for rubber is larger than we anticipated and more than we can make use of with the capital at our disposal. I am very pleased to tell you that we have just ressived by the GermaMail to-day the following advice, dated Sumatra, 27th March Plant ing operations for the tobacco for orop 1911 are finixbel. At present everything points to a good crop, the rains have come jast at the right time. Placking of the leaves just com The Japan Mail states that the Nippon is re. Denood," In conclusion, gentlemen, allow me to sponsible for the report that; it being consider say that I consider yes possess a most valuable ed the present armaments are insufficient to oops property and also that you are fortunate in with the military and naval forces of foreign countries, both on the Asistio continent and on haring sequred for its development the neces
We take the following from the Japan the Panifle, an opinion has already gained firmsary supply of labour and thoroughly capable ground in military and naval circles of management I am sure Mr. Pinckney, who Chronicle:-
The death is announced from Shanghai of expansion. According to las visited the estate, will be pleased to gira you The necessity of the scheme mooted it is proposed
now
was a prominent foreign resident in Japan. By losers and claim- paid to carry out a big expansion of arm any further information should you desire it. Y. E. Braga, who during the early seventies, mants at a cost of four hundred million have now the pleasure of proposing that the After serving in the Hongkong Mint from yen, defrayable in the course of ten so director report and accounts for the year January, 1867, to November, 1870, Mr. Braga
came to Japan to superintend the working of By bonus of 20 per cent. paid to of the the side kecutive
Од years.
the then recently a tablished Imperial Japanese army it is proposed to oroite at least two or ending 31st December, 1910, as submitted to throw new army divisions. The scheme has been the shareholders at this meeting, bo confirmed Mint in Osaka, the plant having hoon brought By interim dividend of $30-par very fully studied and will be realized in propor and adoptad, and I will ask my friend Mr. Blade to Japan from Hongkong. The result of the
to second the resolation, ofter which I shall be establishment of the Mist at Osaka to quote By balance
"Oriental tion to the progress of naval expansion. The
Professor Chamberlain, was that expenditure will be included in the Budget to be
confusion made way for a uniform colongo equal introduced to the first session following the next pleased to answer any questions. general election, that is, in the Budget for the Mr. SLADE-I have great plessure in second to any in the world." Mr. Braga work satisfaction ated 461 fiscal year (1913-14). No information le ing the resolution toadopt the accounts. In all in the Mint gave great however, given, as to th. fiancial resources for planting enterprises the three great essentiila ke was honoured by his Majesty the Empa-or with a present of silk In 875 Mr. Braga the beavy expedi'ure involved in the scheme.
for Eucoess are good management and labour, joined the Finance Department in Tokyo and To nett premium CHINESE AND JAPANESE COMPETI-Foods and climats and sufficient capital. As during his stay in the capital Mr Braga to our management there can be no doubt that introduced a number of innovations into the ye hare of the best. Our residant manager working of the Department, kecluding the most up-to-date foreign methods of book-keeping, all came to as with a well-earned reputation for of which tended to make for general efficiency. In the House of Commons, on the 8th ult, effigies from cus of the best managed estates Os leaving the Finance Department Mr. Brags Mr. Hunt naked the Prime Minister whether in in Sumatra, the United Langkat, and we have the receiv.ds warm testimonial from Count Okams, lalter Couet Okuma, said: "Borything is view of the fact that Japan and Ching wore farther advantage of our estate being under thes Minister of Finance. In the course of one manufacturing nations and were increasing the the constant supervision of two very experienced now in perfect order, for which we are in large By losses and claims paid, Dimber and size f their manufacturing industries every year, and that their people planters. These men are not merely employed part indebted to you, as it is a result of your By balance
which you have taught to unmerous men booking. would work on the average for a few pence by na, but they are our partners, having invested painstaking labours. Especially do I refer to the substantial sams in the Company. They are in the Mint, and which you were the fist to During his working not only for the Company but for introdues into this Empire," them alves, and this, I think you will agree with residence in Tokyo Mr, Braga was honoured attained exalted positions, me, is a good guarantee that they will not with the acquaintance of many Japanese offici-la
Auditor Report-We report that wo have and the late Prines
From 1887 to 1895 examined the Accounts of the Society at the Mr. Brago was Portagness Vice Consul In Head, Oleo with the Books and Vouchers in Kobe, and during that period he formed a large Hongkong, and Retaris received from the role of friends in this community, who various Branches and Agencies for the year grieve to learn of his death."
Mr: Brags leaves two sons and a daughter, ending 31st December, 1910. We have also edy five weeks ago admitted were inaccu OPTHALMIC
satisfied ourselves as to the existence and value rate, and "if nacorrected might do an injustice
Semi-final- R. and H. Hancock beat Major Palmer and Captain Crawford 6/3, 6/2.
B. F. T. Helgeland and H. Willson beat R. F. C. Master and Reader Harria 6/4, 6/1.
Final-R. and B. Hanocok beat Hodgeland and Willson 6/1, 6/2, 6/1.
OBSERVER,
EXPANSION OF ARMAMENTS BY JAPAN.
TION,
QUESTION IN HOUSE OF COMMONS.
day, he proposed to take steps to protect curava working peoples and their wares from the importation of competing goods made by that cheap yellow labour?
Mr. Booth-May I ask whether the Japanese
The CHAIRMAN proposed, Mr. Roven seconded, and it was agreed that Mr. A. Denison should be re-elected a directer of the
Company.
The CHAIREAN proposed that a member of the staff of the Company's bankers, to be nomin ated by the manager, be and is hereby appointed Auditor for the ensuing year at sremunera tion of 200 guilders.
Mr. PE-CY SMITH seconded, and the motion Was agreed to.
The CHAIRMAN-Gentlemon, the meeting is I thank you very much for your attendance.
Over.
DEATH OF MR. V. E. BRAGA.
AN OLD JAPAN RESTDENT.
. do not consider themselves to be a brown race rashly employ the Company's money. As who in after ye Ito was on very friendly
and not a yellow race?
Mr. Asquith-The answer to the question on soil and climate. The climate has been terms with Air. Briga. the paper is in the nezative.
At the Megistruoy yesterday a Chinese was committed to take his trial at the Criminal Sessions on a charge of haring obtained a registered letter from the Post Offee by means of a forged chop and oleo with forgery.
will
Hongkong By mortgages Shanghai...
By mortgage in
By office leases...
$1,403.18. 9
£465,742.15, 0.
$1,212,000.00
1,423 271.55
• WORKING ACCODET, 1909. On 31st December, 1910.
Tonett premium To interest
rii
...
By agency commissions By head offles, branches and agency
charges By remuneration to directors, com
mitters and auditors
A
were
SON.
ALWAYS
KEPT IN STOCK
CHS. J. GAUPP
3 CO.,
ALEXANDRA BUILDINGS.
(254
As was to be expected, the observations of Mr. Melville Stone on the subj et of rasa. prejudice and other things in the Far East have not only been widely quoted in the United States, whers Mr. Stone a article was first pub- Bished, but have been circulated in Europe. Part of Mr. Stone's article has been reproduced London by Public Opinion under 325,841.76 in
White Snobbery. 994,309.12 the bending of
the Far East Public Opinion says:- Mr. Stone entitles kis paper Race Prejudice in the Far East, but it is evident from the incidents he records and the unch longeable facts that he presents that or prejudice' we must now read- ry." It is a pity that the Editor of Fanobbery." the London journal has vantured to describe 2,635,271.55 Mr. Stone's statements as unchallengeable 35,337.22 facts," because not only are many of his facts" in regard to Japan challeng-able, but they have $11,521,241.32 been widely sad emphaticaly challenged More over, Mr. Russell Kennedy, the representative in Japan of the great news agency of which Mr. Stone is manager, has on behalf of bis
thai chiaf for more
month past the most 4,076,220.66 been
taking engaged in 501,953.73 offvotira steps posible to right way wrong that way bare been d ne by a misrepresentation $4,578,174.39
palpably not malicious filiul. Nothing has yet been made public es to what has hoan 8108,574.97 accomplished by Mr. Stons during the five weeks which have passed since the "most effec- 469,792.63 10 stops possible"
taker "to have bean right any wrong that may 31.236.18 done," And meanwhile the aspersions 2,538,459.96
foreigners in Japan, supported by
Minister of arvard graduate who is now a 3,148,063-74 the Jupani Crown, are being more widely eirculated, and the reputation of the foreign 220,327.78
residents in Japan is being further damaged accordingly. When Mr. Stone's articles is read 372,000.00 in America and Europe, and it is seen that 837,782.87 Minister of the Japanese Crown" is quoted As having given Mr Stone an acount of cer- 84,578,179.39 tain incidents in Yokohama to.
explain
why there is some feeling against foreigners" in WORKING ACCOvar, 1910,
that port, the statement, backed by such Oa-3 st December, 1910 B authority, will not unnaturally be accepted as 4,398,706.53 anchallengeable fant," although the statement
misleading. Unfor 514,774.66 is inaccuste and totally
tunatoly
The "most effective steps possible" to WHY GO TO $4,913,481.19ght the wrong done to the foreign community have not yet reaulted even in the discksure by $99,017.25 Mr. Stons of the identity of the Harvard Јарадево praduate who 442,864.91 Minister, nor has Mr. Stone's Maisterial in formant declared himself and offered any ex- 28.173.22 planation of the serions and unjust inaconruvies 1,754,453 99 with which he is credited. It is to be hoped that Mr. Kennedy, whose valuable services in 2,588,961.82
promoting good feeling between Japan and the United States have roomtly been signally re- cognized by the bestowal of an Order arou him, will not shacken in his stron nous efforts to take BECAUSE the most effectiv steps possible to right the wrong which bas ken done, and to corraci Mr. Stone's article the inaccuracies in
That a widely and st thoroughly." wide and thorough correction is very necessary assertions are being quote in Europe as well as may be seen from the fact that Mr. Stunee in America, and foreign residents in Japan are expectailly looking for the promised speedy and
contributors.
share
To interest
By agency commissions.
charges By had office, branches and agency
milton and auditors By remuneration to directors, com
84,913,181.19
Sterling Exchange takou at 18, 10 da
0, MONTAGUE EDY, Beoretary.
ΕΞ
now a
effective correction of the statements which Mr.
proved by the experience of our neigh bones, to be as well if not better suited to the growth of the rubber treo than most part of the Far East. Of our 8,000 oda acres, practically all is, in the opinion of our with whom deep arropathy will be felt. One of local advisers, well suited to rabber, and about his sons is with Mears. Cornes & Co. at Kobe, 500 appear suitable for tobacco. Now, I believe while the other son, Mr. P. Brage, was until of the Securities for Investments, the Cash af or work su injury to the community of Yoko-
recently the Manager of the Hongkong Telegraph. Branches and on Mortgage to the amounts, hama or to individuel foreigners."
N. LAZARUS
FOR YOUR GLASSES?
You will receive Fair Treat-
mant.
A Careful and Intelligent.
Examination.
We have a Sound Optical Reason Behind overy Lens
N. LAZARUS,
OPTICIAN, COENER D'Águiar Sr., Horarong.
[2006