AUOTION
PUBLIC AUCTION.
THE HONGKONG DAILY PRESS, FRIDAY, OCTOBER 20TH, 1911.
A Publican's Liceneo has for many years been | held by the late. Proprietor's Nominee and the Presunt Lisanne will (subject to the transfer being approved by the Licensing Board) be regoired, instructions to Sell by the same autil the Licence expires on the 30th PUBLIC AUCTION,
day of November, 1911.
MESSRS, HUGHES & HOUGH have transferred to the Purchaser and he can hold
O MONDAY, the 30th day of October, 1911, at 3 o'clock their Safen Room, No. 8, Dos Vanx Rond Central,
at
Thio Furniture, Fixtures Fittings-Asoland Effects of the
concory,
KING EDWARD HOTEL and the Goodwill of the business as a going Comprising the neopasary and Valuable Hotal business carried on by the late Mr. DHUNJSKIHOY DORAIRE NOW ROJER under the style of THE KING EDWARD HOTEL together with the bonefit of the. Losses of Portions of Royal Buildings and Prince's. Ha kings hereinafter mentioned. The promises occupied by the Hot and the accommodation is as follows:
BUILDINGS
ROXAL
Cousint of (1) Underground Codowns; 'etc," (b) Ground Fleur (r) Twoan Ground Floor ant First Floor (d) Five Upper Floors and (0) Top
of Fifth Flor, all dispaod as follows to
(a) UNDERGROUND-partitioned off into
WITH THE ABOVE WILL BE SOLD
underwriting suspense account. I take this opportunity of congratulating tha general
gate on the root of the year's work.
The motion was carried unanimously, On the motion-of Mr. Wone, LEUNG HIM, ended by Mr CHAN BAN, Sir Paal Chater and Messrs. I. P. White, D. W. Craddock and Shellim were re-elected members of the Consulting Committee,
The appointment of Mr. A. A. Fyfe to not auditor during the absence from the Colony of Mr. H. Porey Smith confirmed, and”
COMPANY MEETING. CANTON INSURANCE OFFICE, ITD
The thirtieth ordinary meeting of
share. holders in this Company was held at the office of the General Agents, Messrs. Jardine, The Single-Burew Steam Launch "KING Hon. Me. E. H. Ross presided, others present Mathosna to at noon yesterday. The EDWARD," "Licence No. 372. Longth 60 Et. 5 in.
being: Messrs. H. P. Whit, E. Sheilim, Breadth 10 ft. 8 in depth 7 ft. Gross Topagand D. W. Cradilock (members of Consultus 27-15, Not Tonnazo 11.39. together with all her Tacklos, Gour and Apparatus, Engines and Boilers as she now lies lost in the Vlotoris Harbour. This Steari Launch was in the Month of May, 1911, thoroughly over-hauled and repaired.
Particulars and Conditions of Sale may be obtained from the Undersigned and from the Austioneers.
•
Orders to view the premises excepting the premises of the anb-lessees may be obtained from the Undersigned.
—JOISSON, STOKES & MASTER,
Prince's Baildings, Hongkong,
Solicitors for the Vendors Hongkong, 9th October, 1917.
1255
(i) Two Spacious Godowns or a wad for Storing AB SUPPLIED TO THE HOUSE OF
Liquoc, Wines, Anrated Waters, Mineral Waters, Cigare and other Bur supplies and the other for Storing Passangers' baggage and also effects belonging to the Hotel of which there is a Large Stouk la reserve (il) a Room for Stering stapty bottles (iii) a Large Room for Compra- dora's Office (ix) Twɑ Noons for lodown cooling (y) a Carpenter's Workshop and (vi) on upen spuco in which a Salt Water Pump with a Wall
i luid,
(b)
GROUND FLOOR—is dirülad into two Sections, namely, (A) Oflers and (B) Bar,
(A) Omeer) Booking Office wit Contor
(1) Manager's Office adjnising (lit) a spacious
LORDS AND HOUSE OF COMMONS
رھا
THORNE'S
OLD VAT
No. 4
Hall with Tables and Boats for visitors all of This vat was started by the late Robert Thorn which are in front while at back two Frivato of Greenock and has been sold as No. 4 since 1831 Offces and Telophone Room,
(B) Bar-contains ) Bar with counter and
Cash Register, all fitted up in first class style,
with three Billiard Tabies complets (ii) Lava: SCOTCH WHISKY,
-tories and Urinals.with Hot and Cold Water
Pipes for Wash-Hand Basing, all up-to-dato Filtings
(e) "Tween Ground Floor and First Floor. are two Compartments-(i) Privato Bar and (i) Drying Room.
(4) FIRST FLOOR-Comprises (i) Two Large Dining Rooms (ii) Ona Faatry (ii) One Carving Room with Hesting Ranza (iv) Kitchen with Cooking Rauge complete (v) Baker's Room and (vi) a space with Boiler for Hut. Water.
(d) SECOND FLOOR-has-(i) Reception Room (ii) Private Dining Room (i) Writing Room (Iv) One Large Room with two. Billiard Tabies and other suitable Fittings (v) Tea Room (vi) Clunk Roca and a bumber of Subsidiary Rooms as follows:-
Oue Ladi's Lavatory.
One Gentlemen's Lavatory. I
Ono Ladies' Bath Boom.
One Gentlemen's Bath Room
Two Spare Rooms for use of servants and for
kreping sundrits. Rooma I to III and V to VII can be used as Bed-Rooms.
No. of
(d) Upper Bed Lavatories
Floors rooms
Share
Balb-
rooms for
rooms
Nervus,
3rd Floor, 9
1 Ludies 2 Ladies!
%
1 Gent's 2 Copt.'s
4th
9
1'Lailies 2 Ladins
35
1 Gent. 2 Gont,'s
5th
19 Ladies 3 Ladies'
2.Gout.
5 Gout,'s!
4
The Bed Rooms on these Three Fleòrs with each of the Rooms on the Soconit Floor as are convertible as Bed Rooms make 43 Bed-Room- in oll, the Billiard Roont-can-aleo-be used i Bed Room.
All the Lavatories are of the latest pattern. and the Bath-Roms are equipped with First- olas Atlantic Baths.
(e) Top of Fifth Floor are Chinese Kitshon
and Sorvants' Hall.
A Fire Escape runs from the roof right down
to the Grnaud Floor outside.
Each Floor has a Taphoas. Room.
With the ahora will be sold the benefit of the Original Lease of Portions of Royal Buildings, upon which the above promises are situate dated the 23d day of Ostolar, 1905, for a term of 14 years from the lat day of September, 1905, and for a further term of seron years from the ex- piration of the said term of fourteen years at a Monthly Boutal of $1,71667 and toxes which amount to approximately $225.16 per Month. 2. PRINCE'S BUILDINGS,
1st
to
SOLE AGENTS IN
HONGKONG, CHINA & MANILA
A.S. WATSON & Co., LTD.
CHAPOTEAUT'S
the
Committo, Me B. C. Emmett (scorulary).
Mesare. G. E. Medhurst, G. A. Hastings, Mrs. W. Hatton Putty and H. Poroy Smith F. Smyth, T. Hunter. Ho. Fook Wing.
were reappointed auditors, on the motion of Mr. Loung Him, Chan San and Le Cheng Shin Funk, seconded by Mr Lo CHEUNG SHIU.. The CHAIRMAN That is all the business, The Secretary read to notice convening gentlemen Lividend warrants will be ready
moeting. The CHAIRMAN said Gentlemen, The Re. to-morrow, and may be had on application. port and Accounts baring, boon in your bands for some time, I will, with your permission take them as read. Before referring in detail ta these accounts, I should like to gote you a
review of the marine insurance Year. ju | quog-
the
THE HONGKONG CO ITÔN SPINNING, WEAVING AND DYEING CO., LTD.
3.
4. J. B. Sayer, E L.
INTIMATION
REMINGTON TYPEWRITER.
The experience of 35 years is BEHIND
The confidency of the business world is WIPLE IP.
Au ever widening field of usefulness is BEFORE IT. SIEMSSEN & Co.,
SOLE AGENTS
FOB
on be obtained by personal enquiry from the General Managers,
There is no secret as
Articles of Association, ie, 10 per cent, on the It is clearly laid down in the not profits of every year-with an allowance When there are no nat profits there is no :D of $5,000, per sanom to cover office expenses.
cent, commission,
The fourtoouth ordinary, mosting of shere- JONGKONG, CANTON AND SOUTH CHINA tion by H well-known insurance papar, which holders in this Company was held at the offices opens with the
the folowing signifiat remarks:
AND FORMOSA. _z+t%r=ed 1M:aangownrMaat,-Jreadline wh» stsa "god" Nowa toto
Matheson & Co.. at 12:30 pm yesterday limbof the st And from
Hon. Mr. C. 11. Ross presided, other share- haine insurance point of view there will holders present being: Blesers, C. G. Mackie be few to mourn its decease. Losses have boo and He Fook (members of consulting Com numerous and heavy, and though in several direcmittee). Mr. R. 8. would be a sanguine man who would forecast Arnold, J. Manners, 1. Forrest, J. M. Hy, tions rates have been advanced materially, ho A. Rodger, G. C. Mox (secretary), Weser to the remuneration of the General Man! that when acostata are closed the year will prove. W. Taylor, I. Gittins, Lo Cheang Shin, to have been a profitable one for Underwriters." Ho 8 ng cad Yen Hop notion calling the Having due regard to these pessimistió views. I-
The Secretary read think you wild age with me that the
mouting. #guros wa arg able to put before you are not unsatisfactory, our loss ratio balag 68.95 per cent, and Commission sad Charges 15.27 per cent. of our premium income full provision having been made for all further anticipated claims. The Working Acconst for the year 1910, you will see, cloves to date with i credit balance of 3479,635.63. This is shot $25,000 less than the previous year, but a care-
actual result including all payments an account
is 842.638 better, which. previous arrive at in the following manner -
of
If you refer to the Balanes of Work
ing Account for 1909 you will see this closes with a credit of Plas Amount at Credit of Vader. writing Buspense Acconat at close of that year.
8504,461,63,5**.
npre-
per
*
The CHAIRMAN soll:-Gentlemen.The rep rt and accounts having boou in your Committee according to the Articles of A
(3 How many man comprise the Consulting hands for some time, I propose, with your ap-sociation, and does it stets the remuneration proval, to take them an read. I mach regret for noting in that oneity Unler the articles having to lay before you suck an unsatisfactory of Association the Consulting Committee shall, report, bas I have little doubt that those of you consist of not more than seven members, of which and affairs, will not who have slowly followed the Company's
basiness three form
queram. At present the have ben
Consulting Committee consists of three. The Hul-undrais of the Account will show that the /pared for results sucli as are now presented. As remuneration is clearly stated in the Articles of
was stated at our last annual meeting, the Association (XVII:3).
for the prospects
year were not thon farour. (4) Is it not considored that the enormous able,
and as time went on the disinclina-aam of $3.000 is far too oxessive Ars the tion of bayors to pay the bigh prices Consulting Committee men of technical know- required to cove the enhanced cost of the ledge as to the working of machinery and the raw material became so marked
that it working of cotton mills generally? Do they was decided to close the mill on 31st December receive the above amount whether the Mill is Inst, since which date it has remained silout at work or not? No, I do not consider Provisas to the Russo Japanese war, an import that the remuneration aathorised by the antontlet for our productions was in the North. Articles of Association is exco sive. I regard it whare some sarenty per cent. of the yarns were as very reasonable. The members of the Coa consumed. Since this war, however, the demand alting Committes are selented primarily as from these northern markets has either died possessing good business qualifications, Techni. away or has been diverted to other quarters, sal knowledge as to the working of machinery with the reelt that we have had to mainly do might possibly bo of value, but I am not aware pend on local demand to relieve us of our out that there are available in Hongkong any quali
With cheap cotto, and provided fed shareholders who possess a combination of put. business conditions in South Chint had both general business and technical knowledge. been in a normal audition, I do not Yes, certainly, and as representing about 99,665 think this loys of our northern outlet out of a total of 125,000 shares, I would be would have proved as serious as has been the the last to anggest that the ramonaration shop case, bat, unfortunately, not only had we to face be withheld, the high priced staple, ut also a continued series Mr. SAVER-Doay that mean that if there are of disturbances and disorders in the neighbour-only three on the Consulting Committee, they !
ing provinces, the ombined results of which get $3,000 a year? our mill except at a rainous loss, and accordingly, down in the Artioles of Association of $1,000 made it quits impossible to continue working The CHAIRMAN-The remuneration is laid as I have just stated, we closed down op 3 at per annum rer member of the Committen 1 camber inst. During the ten months in
1228
Totsi Then if you refer to the Balance of Working Account for 1910 yon will see that it is... Plus Amount at Credit of Under writing Suspense Account at close of that year
MORRHUOL
Superior to Emulsions or Cod Liver oil.
Each tiny Morrhuol capsule re-. presents the medicinal value of a teaspoonful of oil,
Recommanded at the Paris Aca demy of Medicine, for loss of -appetite and flesh, to patients with
consumptive tendencies.
Sold in bottles of 100 Capsules. Sold by all themísta:
SELF CURE NO FICTION! ❤ NO. SUFFERER-NEED NOW DESPAIR, THE NEW FRENCH REMEDY.
THERAPION NË 1
in a remarkably short time; often a few dayżony, Chrestharges/vilhessekjemperseding infections
THERAPION No.2.
Curea bioodpopu, bad legs, ulçer, sooves, painful swell joints, &c. when mercurial treatment faile
THERAPION NO.3
Cerachromic arakness, lovt vigor and vital for
Either Number Therapina & all self treatment directions enclosed, ofchensiste or part free from
Muiring Co. Haverstock Ril. Hamp tead, Lubon, E Tye Drugoe (Tasteless) Form Therapion, easy take, salating care, Fade Marked ward "THERAPÍON" is u Brit-hGovt Stamp affixed to every genuinepačket.
QUPES TO STAY CURED.
“Consist of (1) Ground Floor with Underground- Godorus now to let to the Medical Hall-and (i) Thrus Upper Floors disposed in the following Baner:-(1) Ground Floor is divided int Two Sections, namely, A and H. Section A is the Bank of Taiwan upon an agreement for Lease which will expire on the 30th day of September 1912, at a Monthly Rental of $600 inclusivo of taxes and Seetion B in let to Emil Niedhardt carrying •on business as The Medical Hall upon a sub-lense which will expire on the 30th day of September, 1917, at a present Monthly Rental of $500 for the first two years of the sald CHILDREN OF term and the Monthly Rental of $600 = Month during the succeeding 3 years and at the Monthly Rental of $700 for the remaining 2 years 2 Months and 17 days of the said term exclusive of taxos. Fall particulars of those sub-leases can be supplied by the Undersigned.
(115
No of
| Bed- Lavatories Bath-
Floors rooms
FAR
A SOCIAL AND POLITICAL NOVEL OF
ABBOBBING INTEREST,
103-5
720.10.
.8505,181.73
8479,636.63
E
[533-12
Antler Falmer &&
th
YAPIER JOHNSTONES
"SQUARE BOTTLE”
WHISKY.
UNVARIED FOR OVER
150 YEARS.
THE SAME TO-DAY AS IN
1745.
BEWARE
IMITATIONS.
OF
SOLE AGENTS IN HONGKONG,
LANE, CRAWFORD & Co.,
and from ALL WINE MERCHANTS.
68,3-3.54
$548,019.22 The comparison of the two youn in his way is justified, because the amount at Cradit of Underwriting Suspense Account, including appropriation, at the commencement of each year was almost identical, ie., about8302,000 in 1909, aud $305.000in 1910. You will now see the wisdom of the inauguration of Underwriting Susponse Account, and the justification for the large amounts we have carried to ita orodit during the last four years, inaanach as your Com mittee are now enabled to recommend a small which our mill has been silent. certain consider, as a shareholder, that it is a great deal to bad management, and to the amateur manner
Account
I
19.8
1907
of
Mr. SATEE-As far as I am concerned,
too much.
-that
[56
esasider the loss on the taille is duo in a measure Lions, but I am not satisfied with others. I
three men on
the
"759.10 Hongkong..to inspect and report-og-the-repared to agree to any such proposal. Tedge and threem with a gool tenhaical
nogtiations have taken place with some increase in the dividend, despite a slight T
Japanese friends, who contemplated gho
in which they are worked, sad in the interests decrease
in the
pur (5) Are the General Managers prepared to of sharabelders I think it is quite time Working chass of the entire undertaking. As these oueider the advisability of electing the num that stope were taken to put the mill on reault Account 1910." Whe Underwriting Suspense friends were not prepared to pay what we co
inaugurated in THE
1907, the sidered a fair price for the milt and property as follows: To forward to each shareholder ariously, this canaot be done less
bor of members of the Consulting Committo a proper working basis, and as stated pre- then Chairman explained the necessity for it these negotiations have fallen through. Sines
men of very fully, but I think the present is the closing of reconats now before you the request that a cross should be placed against ing Committes to advise as to the working. printed list of names of the shareholders with a technical knowledge are placed on the Consult- very opportune time to emphasize the necessity, whole of the Laf gradually bringing it up to an eron murag of a small yard in stock, with the arception the names of those they consider eligible; and What capital we unt in the Company we require a
substantial figure than it now starda at,
consignment of 66 bales at Now-
Omen of technical knowledge, congersant with rature for, and we want men on the Consulting chwang, has been sold at cove ing prica. The the invite your attention to the following com cotton alse, which was in praness at the time of
the working machinery and the yarn mar Committee with a sound technical knowledge parison of ligures of Underwriting Suspenso shutting down, has been made into yara and those men who have the majority of votes think, instead of having
kot as far as possible to be selected, and and a knowledge
of tho ущен market. Account, including appropriation, at commence-
nold We therefore start clean as regards zarat aud close of the last four years:-- stooks of cotton and yarn. In August last we their services-the sum of $25000 per annum of Association might be altered so that we could
to be asked to join, and to receive for Committee ash drawing 31,011, the Article Commencement.
Close
arronged for the manager of the Shanghai 1910 Cr. 8305,181,73 30 2799 71
Cr. 8 66,383.34 maille, which are under oat control, to visit each, and to most monthly, or as often a pat on three men with a good-business know- 1909
required-No-t General Managers are not 411,990.07
106,499.12 mill, to examine into local conditione, and election of the Consulting Committee is clearly a your, which would be about the same amount knowledge, and we could pay them $250 or $500 286,969 2
27
29,318.94 us gnerally whether, in his opinion, the provided for in XVII. 9, of the Articles of as the throa men get at the present time who
advise Prior to 1907 it was the practice to merely organisation and methods of working could be Association and it is open to shareholders to are on the Conanlting Committee. I do not carry forward the credit balance of the year's aneessfully altered so that in addition to what propose in the presuribel manner, any person gee why we should not get some rotura for our account, after making the various appropriais required for lousi auneumption we might also whom they propose to serve on this Committee. money; and I am sure shareholders will agree tions, but it was realized that there existed
produce identical
yarns to those now produced a possibility of this
balancs not being in Shanghai and thus avail ourselves of the
MY SAVER-As a general role, when I at with what I say. I am not only voiding my always sufficient to close the year. Now,
ormous en increasing demand for finer spinning into my hand, and I am asked to propose Mr. want good practical mon on the Consulting tend them meetings, a slip of paper is put own opinions, but those of many autadors, Wa however, we are in a position to ascertain more produced from an altogether different class of accurately what the requisite amount is likely cotton to that hitherto used by us. The report So-and-so. Someone seconds it, the motion is Committes, to be, and, in the opinion of your committes, given by this gentleman is distinctly encouraging put to the mosting at carried. That is the The CHAIRMAN-I have listened to Mr. Underwriting Suspense Account should be gra- dually strongthened until it is not only adequate and though there are still serious problems to nish. It does not matter who, the other meru Sayer's romarks with interest and with respir overcome inconnection with thesupply of elicient bors of the consulting committee are. I don't regret milly with him the unfortunate to meet an average year's outstanding claims, but local labour we hope in time, surmosat these, and agree with the procedure at all.
results of the mill'a werking, but as I ssid în to show a substantial credit balance at the clos
as prices of colton are very much more reason- The CHAIRMAN-I think, if you will study my reply to one of his questions, unless the of the year, for we must bear in mind the certainty able, we are taking every atap to open the it is provided that if any shareholders wacould not forces that our northern markets the Articles of Association you will find General Managers were gifted with omniscience foxperiencing a bad
year now and again. It has mill at an early date. To fill the post of been stated before, but I may be permitted to romanager we bass secured the services of Mr. J. wishes to nominate someone else for the were going to be entirely closed. We have been wind you that the Cantou Office Act for Harrop formerly No. 2 at the Ewo mill, as the General Managers seven days before the papers, that the span door" was to be the policy committes, be shall give notice to that effect to told, and I think all of you have read in the given your is officially closed after eighteen mouths hai. and we are arranging for the supply of a
of
* 1 actually closed u. the fuish oftr in the Hongkong work-people to the proper way.
:
the
but, as most of you are aware, a Marine large number of Shanghai spinners, who, it mosting. If any shareholder wishes to propose in Mancharia, and had that "opon door" policy Account for any ose your cannot bois hopet, may by example and easton any other shareholder, he can do so in the been maintained there is no doubt whatever that Hongkong Mill yarns would have sold as freely the third year inclusive (that is to
to say. 1910
Mr, SAYER-Does that mean that the Gen there as they did in past years. Thote of you THERAPION EX 127 may be treated as closed at the end of 1912), and higher speeds and longer hours which
necessary to produce the desired vra! Manngors have full power to elect whom who have studied the accounts, and zeferred to pinnings in quality and quantity. Dar. they please, without consulting the shareholders them during the time of your Mill's working, The CHAIRMAN-It means that if you wish will see that as soon as the Japanese obtained ing the time the mill has been silent the entire machinery has ben diamantled, over- to propose anybody for the consulting nom.contrat in Manchuria our Hongkong Mills cossed hauled and re prontod, and is now in goot mittee, you must send his namo in and bis to make satisfactory profits. It is vory Ay Prices of cotton are now acceptance seven days before the meeting. It is now to say, Why was this not foreseen? and, working order. considerably lower, American having dropped open to you to propos say body you like provid- Why didn't you make changes: bat anybody from 8.40d on 20th May to 5.278, while Indianed he is a qualified shareholder.
who has any knowledge of the working of ost- and China cottons are slowly declining in
Mr. SAYER then conlinned with his written ton mills, in Hongkong especially, will know sympathy therewith. The northern milis are questions,
0 that obangas aro pot so easily malo. tion in (6) When did the works close, and why? hought some distance ahead. The main ob The Chairman:-This quastion bas a roady stacle to making changes here is in the labour been answered in my remarks on the report and and the chief difficulty now is working
en si vilar yarn to that pro- accounts.
mille to produce (7) What is the monthly expenditure sinos daced at Shanghai and in training the people Answer. Average monthly expenses $5.559.86 to this end, and are bringing down a large the works closed down?
employed here. We are doing our best to work
interest... 4,019.16 number of Shanghai work people to try to train Hongkong labour to work with speed and also 89,609.02 long hours. I don't think there is anything
I can say, and if there are no more qua tions, gentlenion, I bag to propose the adoption of the report and accounts as presented,
Mr. MACKIE Bonded, and the motion was carried
unanimously. Dr. NOBLE proposed the confirmation of the appointment of Mr. Ho Fook to the Consulting Committee, and the re-election of Monara, C.-01. Mackie and Ho Fook to that body.
Mr. ARNOLD Seconded,
By CHAS, J HALCOMBE (Formerly of the Imperial Chinees Gustom Service, Author of “The Mystic Flowery Land," etc.).
Rooms
Spare
Rooms
-
1 Gent. 2 Gleat,'s
Upper
1st Floor 9
2nd
1 Servants 2 Ladies'
1 Ladies
2 Grat,'
3
1 Eervants 2 Ladies'
3rd s
9
3
1 Cont 12 Grat.
Sarvanta 2 Ladies)
Of the 27-Bed Rooms on the above Floors rtain Rouma are let to Messes. JOHNSON, STOKES & MASTER, Solicitors and Notaries, upon a sub-leuse which will expire on the 30th of September, 1917, at a Monthly Rental of $350.00 exclusive of taxus. Full particulars of tho above sub-lease can be supplied by the Undersigned.
18
THE VOLUME which consists of ic Fague, sad includes a Skotch Plan o historical interest showing the disposition o the Forces at the battle of Kweilin, in dodieste to Sir ROBERT Hart, G.O,M.G., sad Dr. Á RENNIE.
Its description of Chinese Social Custom and Superstitions, combined with the insight i gires into political conditions in Chius, maker CHILDBEN OF Pas Cathay" an excellen volume for presentation to friends at Home.
Well bound in Yellow Cloth with Chimere Emblem in Gold,
occurred
in
with
your
to
...
In answer to s farther question, the CRAIE- MAN Baid the figures were up to the end of July and were included in the account before
them."
more
eron then there are usually a few oulstand. ing claims owing to litigation or lengthy loss adjustments. I bave gone into the matter at some length being very da Kirous that you should thoroughly derstand CATHAY the position, and see that we are not appropriat ing more thau circumstances demand for the effectual eafegus-ding of the Office's interests, We e propose. this year to carry 8301,226.59 to credit of Vodorwriting Suspense Account, bri ging it ap to 8369,610.13, and to inangarate doing on excellent trade at present, and pro- sa Iarostment Fluctuation Account, spproprial vided the cloud at present on the horizon ing for that purpose the sum of $18,409.09, in the shape of the serious Hankow rebellion
does not plunge that amount having been realized by the sale inte misery and disorder, I see no reason
whole the
of China of Japanese Bonds which we hold in excess of why the Hongkong mill should not enjoy Govorament requirements. Your committes are of opinion that there should be a Fund available renewed period of prosperity, and I can assure in case of any depreciation in the securities you that every effort is being made towards that end. Before proposing the adoption of the held by the Office, and that items such as the one in question should rightly be placed to its credit report and accounts, if any gentleman has any Since we last met three changes have questions to ask, I shall be glad to answer them
the
the best of my ability. I understand a of membership Bard we have to record
regut gepilenian wishes to ask some questions. the death of Sir
N. Mody, and
Mr. SAVEZ ros, ad said that having sent a Mesure. 4. V. Eaton and W. Logen have the asking
8) Is it a fact that if the General Managers Blind at that meeting, probably there would be some Aigned, the varmacies thus caused
bad purchased a better grade of Cotton apportment of the Hon. Sir Paul sugers ready.
when the price was high, that the Mills nood and Mestra. H. P. White
to which the replies of the questions,
not have closed down, as higher counts of and F. Abellin. The Accounts have beo CHAIRMAN are attached, were as follows:-
(1) As stated in the report, the amount of yarn could have been worked?—No, it is not a andited by Mesars. Watt Port and $167,398.59 (total loss to 31st July. 1911), it is hange of organisation now contemplated was election of the Consulting Committee be allowe
fact. It is perhaps regrettable that the radiosl Alexander A Fyfe, C.A, the latter gentleman having been appointed by the Consulting proposed to carry amount to next year's account. Committee to net during the absenes on flow is it proposed to meet this enormous sam not undertaken immediately after the Russo to stand over for the present, and that it be leave of Mr. H. Peroy Smith, andIt is hoped to work it off from protits to be Japanese war, but unfortunately the General olested by a vote of the shareholders
The CHAIRMAN-I am afraid that amend by the Mill. The amount in question in Mausgers are not omniscient and in the absence tho aprointment requires your confirmation. ear
All.. atend
serions, but not an impossible one to liquidate of such faculty it was impossible to foreson that mont cannot be pat to the meeting, as it
the open door" policy in Maashuria books At
would in contrary to the Articles of Associa Jess considerably
the with the sasistaune of a road year's working. than
Ition. the volue
I read to you the section which des General Mans erz cause a prova in practics to besnob a" doad latter. Will Garket
at present
Geral Account to be added in future to the Mr. SAYER-Your statement. Sir, may be oribes how members of the Consulting- Mortgages.Our Burveyore in
nes Sheet, showing the total takinga for very well, but I am given to understand that Committee are to be proposed, and it is oper Shanghai report that the values of pro-
the Home Hills and the Bombay mills have to any shareholder at a futuro mesting to pro- mortgaged to the Office show's sub the year, and the manner in which the money tial margin over
boon at work the whole time without loss, poss the name of any qualified gentleman to amounts advanced. is expended, including the General Managers ia very
How can you account for that?
serve on the Committee, Before proposing the adeption of the report fear, &e, ea the present Balance Sheet
The CHAIRVAN-I think you were not quite and accounts, if any shareholder has any quesrague P-I do not think the publication of tion to sek. I shall be pleased to ansvar samne
that the Bombay mills were working account such as Mr. Sayer correct io dotalists world be to the interests of the Com. at work without loss. If you have studied te the best of my ability.
*There were no questions.
pany. So far as I am aware the published any of their reports you will see that they The CHAIRMAN then proposed the adoption accounts comply with the provisions of these worked with very serious loss indeed.
Mr. SAVER-There is only one other thing. Articles of Association. If further information of the report and secounts as presented.
be raqured by any shareholders and subject Whou the members of the Committee are pro- Mr. MEDHURST—I bave much pleasure in seconding the motion, and entirely agree with always to the provisions of the Articles of posad I shall move an amendment. I must be tu the Best Printing Reasonable Prict the Chairman in his policy of bailding up the Association (Soation XIV, Pangraph 3,) this satisfied with some of the answers to my ques
PRICE
$3.50
On the Second Floor is a Chinese Kitchen "To be obtained from Messrs, KELLY & Ir the use of servants while on the Third Floor! WALas, LTD., Mesure. Brewex & Co., or from there
for the Hotel the Printers and Publishers, the "Horaxou-Securities-These accommodation Watchmen.
DAILY PRESS " Office. With the above will be sold the benefit of the Original Lanse of Portions of Prinee's Buildings. upon which the above premises megibusle dated
the 12th day of Au rust, 1409, for a form of eight
rears from the 1st day of October, 1909, at a Monthly Reutal of $1,750.00 and taxes which amount approximately to $227.50 per Month,
PRINTING
Nothing creates such a good impression in business as the use of First Class Printing,
printing and material is generally níli
The Assets and Effects comprise the Vainable The difference in cost between good and bad and up-to-dato Farniture, Fixtures and Fittings, Cutlery, Glass and Crockery, Table Linen and Electric Installation (Lights and Fans) in and
upon the above premises and all other paraTHE HONGKONG DAILY PRESS *
phornalia now in and upon the mid premises
used therson for the carrying 'on of tho said
business, an invertory of which may be inspected at the Office of the Undersigned.
PRINTING WORKS
In
oar
rzed
9:
SAYER moved as an amendment thất the
Mr. SAYER-I am quite of opinion that even if it had not been contrary to the Assosiation, nobody would have had chrticles of second my amendment.
The motion was carried,
The CHAIRMAN-That is all the business, gentlemen. I am much much obliged for your attendance.