Page
TELEGRAMS. PELEG RAMS.
(THROUGH RIUȚER'S AGINOY.]
TURKO-ITALIAN WAR.
LONDON, June 1st. Marquis Gioletti, the Italian Premier, in an interview, publishod in the Daily Chronicle, said he does not think that the Wir will last much longer. Unless Turkey submits soon, Italy will strike harder than she has yet done.
CUBAN REVOLUTION.
LONDON, June 2nd.
A telegram from New York states that United States marines have beeo
fanced in Cuba with the concurrence of
the Cuban President.
LATER.
A despatch from Santiago de Cuba to New York states that the Government
troops have defeated the rebels in a battle
near Palmssoriano, killing 138.
ROYAL VISIT TO VIENNA,
LONDON, June 2nd.
The King and Queen of Bulgaria and and their two sons have arrived at Vienna, The Emperor Franz Josef, the Archduke
{"DAILY PRESE EXCLUSİVE KRAVICH.]
YOKOHAMA ATHLETIC CLUB...
TOKYO, June, 2nd.......
The Yokohama Athletic Club' has issued an appeal for Yen 60,000 for the purpose of buying a new ground. MAILS BY AEROPLANE IN JAPAN,
Tokyo, Juno Ind. Atwater, the American aviator, yester day flew from Tokyo to Yokohams and back, carrying maila.
(THROUGH REUTER'S AGENOT.]
WINDFALL TO THE CHINA
INLAND MISSION.
LONDON, June 1st. Mrs. Margaret Jones, of Eastbourne, has bequeated the residue of her state, probably amounting to £40,000. to the
China Inland Mission.
PEKING-PARIS RACE,
The exact route to be followed in the Peking-Paris aeroplane race, which is being organized by the Matin, bas been published. After leaving Peking the stop ping places include Kiakta, Irkutsk, Tomsk, Omsk, Nijni Novgorod, Moscow, Avignon, and Dijon.
THE HONGKONG DAILY PRESS, M ̈NDAY, JUNE SɛÐ
BANDOM REFLECTIONS"
The leafy month of June" has not comincneed much better than its pre- decessor, unless the thunderstorms taken as attempts to clear the air and improve upon the sultry conditions which have been the characteristic of May.
The Colony enjoys another holiday to day, and those who are energetic and enthusiastic will probably bestir them selves sufficiently before breakfast to make a trip to the Cricket Ground to witness the parade of the troops. It is a pity that the picturesque parade of former years which took place in the beautiful setting afforded by the Happy Valley at the more comfortable hour of ten or cleven has been discontinued, as
Wilk
|
COMPANY MEETING,
A. S. WATSON & CO., LTD.
1912..
already. There was an increase in the trading profit of 1911 as compared with 1910 of 89,049,53, notwithstanding that Shanghai had an unprecedentedly bad year and business in two of our depart The 27th ordinary dnnual general meet-menta in Hongkong was much cur- ing of Messrs. A. S. Watson & Company,
tailed by the Chinese revolution, Limited, was held in the Hongkong Hotel to be an annual occurrence, the loss last- The lows on subsidiary coina continues on Saturday. Mr. F. Humphreys pre- year amounting to $14,320.08. Your gen- #sided, and there were also present-Sir eral managers and consulting committee Paul Chater, Hon. Mr. E. Osborne,trust you will approve of the large writing off proposed. The dismantling of the old Messrs. J. Scott Harston and H. P. White factory necessitated the scrapping of a (consulting committee), J. A. Tarrant good deal of old machinery and plant, and (secretary), Messrs. A. H. Ough, W. D. these out of the books altogether. Furni
a considerable amount is needed to write Jupp, D. E Clarke, F. Maitland, J. W. Taylor, J. F. Wright, J. Hooper, still considerably in excess of what they ture, Sttings and utensils of trade ure TW. Hornby, J. M. Machado, P. would fetch if sold, and therefore require C. Potts, F. T. Chapple, H. W. Bird, F.to be written down freely. I have no fur- W. Stapleton, C. E. Warren, J. M. Wang, holder has any questions to ask, I shall ther remarks to make, but if any share- Lau Chu Pok, Lau. In Cheung, Lau Pak be pleased to answer them to the beat of To. Ellis, J. II. Seth, L. Guy, and others, my ability.
The Secretary having read the notice convening the meeting,
I
the sight of the soldiers of the garrison, the turbanned sons of Ind, and the
The Chainman said: --Gentlemen, dashing bluejackets
which propose with your permission to take the ings of the sons and daughters of the auditors' report as read. The first thing strongly appealed to the patriotic feel-report and statement of accounts and the Empire, while it also made a deep im- that will probably strike you on looking pression upon the Chinese who have at the accounts before you is the very made their homes under the shadow of heavy capital loss occasioned by the the Peak
closing of our Manila and Mactavish & Lehmaan branches, especially the former, The Manile loss, though regrettable, was, in our opinion, inevitable, and in cutting it we feel confident that we not only acted in the best interests of shareholders but
The disappearance of the picturesque parade which characterised the celebra tion of the anniversary of the birthday of King Edward is as much to be re-
gretted in a way as the discontinuance of the Dragon Boat festival. An our old
↓
Franz Ferdinand and other Archdukes Warsaw, Vienna, Trieste, Genoa, Nice, friend, Mr. Dyer Ball, tellus, this festival and the aerated water business as going many who do among those present are
and authorities welcomed them at the station.
a State Banquet and also a gala per- formance at the opera house were given in their honour last night.
QUEEN OF THE NETHERLANDS IN
PARIS.
LONDON, June and.
MIRACLE BY SUGGESTION. Speaking at Caxton Hall recently oy The Power of Suggestion," Dr. Bernard Hollander said that recently a girl was brought to him in a bath-chair who had been suffering from St. Vitus Dance for twelve years and unable to walk without fainting.
She was hypnotised effectively, when all symptoms disappeared spontaneously, and she was straight-way able to walk home two miles.
The Queen of the Netherlands and her Royal Consort have arrived in Paris.
At a banquet given at the Elysés last evening President Fallières, in proposing
CHEWING GUM FOR CHINESE. a toast to Her Majesty, said he hoped the visit would cement the cordial relations
It is suggested in an American Con- sular report that there are possibilities existing between France and Holland, of a trade in chewing gum in China- which was one of the great countries dis-
The report states that very little chew- tinguished for ideas relating to science methods might be employed to popularise ing gun is sold at present, but the ame it as have proved successful in the case of cigarettes.
These methods were to send men to the cities and towns of the interior, where they placarded the walls with huge illustrated posters and distributed sam- ple packages, of cigarettes in the streets.
and art.
Queen Wilhelmine replied.
THE FRENCH IN MOROCCÓ,
ORAVE SITUATION,
LONDON, June 1st. Reuter's correspondent at Paris states that the situation at Fez is a grave one.
The Fez cormspöndent of Le Matin
CHINA INLAND MISSION.
The annual meeting of the China In Innd Mission (founded by the Rev. J. H. Taylor, M.R.C.S., in 1865) was held on May 7th at the Church House, London.
concerns.
were fortunate under the circumstances in being able to sell both the drug business
is the nearest approach to an annua have added to our trading losses with the Further delay would merely regatta that the Chinese possess. It is held on the fifth day of the fifth moon,possibility amounting almost to certainty that the capital loss at the end would have and is supposed to commemorate a been greater still, We have already virtuous Minister of State whose re-begun to feel some bencüt from the sale monstrances were unheeded by his sovereign, who degraded the Minister, Hongkong had steadily increased year by of this branch whose indebtedness to and the latter committed suicide by throwing himself in the river. On the sign of trading profit. The annual profits year without any corresponding expan first anniversary of his death the cere-had, as a matter of fact, continued to mony of looking for his body was com- dwindle until of late considerable trading mehced, and it has been continued on losses had been sustained, and this notwith succeeding anniversaries ever since. Itstanding our Escolta lease admitted of our is some five or six years since the last occupying the premises required for own. dragon boat race took place at Aberdeen, use at a nominal rent. The first half
fi
and since then we have to go further of 1911 showed a trading loss for the afield to see this interesting survival of Manila branch, but after the sale in May a quaint custom. Canton is now aplast, the Manila account showed a profit parently, in its desire to put off the which was represented by interest on the have any mare to do with this festival, ed water factory respectively and surplus things that are childish," not going to mortgages of the drug business and aerat though this is surprising at the present rentals accruing from the Escolte lease, time when we remember that the Chi-This lease (formerly included in building nese have a belief that if the dragon improvements account), has thirteen years boats are paddled about at or near any plague-stricken locality they will drive the plague away.
•
The man who in former days could drive a carriage and pair through almost any Act of Parliament is "small potatoes" compared to the man in Hongkong who can drive a motor car through the Colonial regulations. Perhaps I should hesitate to apply the word regulations"
to run, and brings in about 800 pesos per month, clear of all outgoings. If not sold, it can be gradually amortised out of its own revenue and still leave a substantial balance annually for credit of profit and loss account for the next thirteen years. The mortgages referred to above bear in-. terest at the rate of 8 per cent. per an- num in the case of the A. 8. Watson Co, in the ease of the Philippines Drug Co., Incorporated:
|
would
who have no connection with our fir
in #
says that the danger is growing daily The report of the past year showed at all, after Mr. Bowley's exposure that Incorporated, and 7 per cent. per Annum 'hoth wholesale and retail, We have a hig
INTIMATIONS
SUN PILSENER
BEER.
Nothing like it.
OBTAINABLE EVERYWHERE.
H. RUTTONJEE
& SON;
133
Chs. J. Gaupp
& Co.
ALRIANDRA Buildings,"
CRATER BOAE.
AND
JEWELLERS
OPTICIANS,
FINEST QUALITY
DIAMOND JEWELLERY
I have no further remarks to make as The CHAIRMAN, after a pause, added :~~
regards the speech already written, bat before I sit down I would like to make one or two remarks with regard to seme
One of the correspondents, who signs him- peared in the South China Morning. Í anonymous correspondence which has up- 7. Post self "Concerned," writes to the paper in a somewhat ambiguous manner. It is a little difficult to know what he means, but, if the letter means anything at all, it means that the General Managers of A. S. Watson & Co., Ltd., are getting their that is sent from London, in addition to 5 or 10 per cent, commission on everything which they charge Hongkong with all their out-of-pocket expenses. I do not know it hú mea
means that, but if he does I give it the lie direct. Mr. Jupp is in charge of Mr. Jupp-and our Loration office, and all those who know
he is a sound, cap. able and honest man of business, The kong is two and a half per cent, and no commission charged by London to Flong- further charge is made whatever, not even for a penny stamp. We could not get it WINE & SPIRIT MERCHANTS. Mr. Jupp has had many years' experience done cheaper by anybody else, or so well, here and
knows Pr requirements, There are trade secrets which it, not be wine to impart to
we also have a buying agency in New York might mention in that connection that strangers or strange houses. I
whatever. We first started with them on a two and a half per cent, commission, but about two years ago they said it was not worth their while to do business at that reniuneration because there Was continued at 5 per cent., which is two and tremendous amount of detail. But they
office.
half per cent. more than our London I would like to refer to one or two more anonymous letters, and I hope if the writers are present they will ask
the only remedy was to hand over 827,000 some questioria. morning stating that the Company was There was a letter this moribund condition and that
gentlemen, that that is a rather old to the shareholders. Well, it seems to me, fashioned treatment of a patient in a moribned condition-bleeding hita to WATCHMAKERS, death. But this Company is by no means in a moribund condition. Financially speaking, at all events, it is in a stronger condition to-day than at any time during the 23 years I have been connected with it. Another anonymous correspondent says we are paying too much in wages, Of Course we have a good mshz... Europeung in Hongkong--I think about 20 altogether but we have a very large business here, soda water business, a big Chinese busi- Cash remitted to Hongness, which requires European bookkeep- kong on account of the sale of the Manile ing, and, in addition to that, we have to business enabled us to build our new soda- keep the books of four branches and have water factory and add to its plant and to be in a position to supply our branches general equipment, and also to purchase not only with any stock that they may (subject to mortgage) Shameen Lot 74, time. The purchase, however, was refor branches I admit we might be able to do
European nasistants. If we had not these BNGLISH, red to by me at some length at our last without two or three Europeans, but antil annual meeting. The only other item in that time comes 1 do not think we
do with So far Hongkong has felt little or regard to Manila I need refer to is San can
any lees Europeans. There is still one more letter. I would nothing of the effects of the strikes at Jacinto land and buildings," which Home, but it looks as if we shall have down 813,905.17. Of this decrease instal-like to rater to. There is another share- the conditions brought home to us rather ments received on account of purchase, holder who suggests that the General Man unpleasantly by the interference with the account for 8,500 pesos, the balance re- agers are very foolish in selling their presents loss which is included in the gen- branches and that the buyers are reaping mail service which means so much to us in our business and in our personal San Jacinto will not figure in the accounts he gets his information from.
eral loss on the sale of the Manila branch,
rich harvest. Well, I don't know where | CLOCKS
I have affairs. The P. & O. Company is in
next year, as arrangements have been heard rumours to the effect that one or very awkward position owing to the num- ber of ships lying at the docks andis made by the purchasers to commute the two are doing well, but on the other hand remaining instalments by the payment of I have heard that one of the buyers would charged, and the Secretary has issued a warning that the mail service may have a lump sum. The item Stocks in trade gladly sell his business back to us for wha
Furniture, fittings, plant, etc., he paid for it It would not surprise me to be suspended. It is to be hoped that show large reductions due for the most if one or two of them did better then we a settlement will be reached before that part to sales of the branches already re- did, at all events for the next year or dire step be taken. Meanwhile we must ferred to. With regard to the loss at two. They are running their own busi be thankful for small mercies. We have thingkong. we arc informed that ness on the spot and have the advantage had no news that the dispateb of mails Sir John Jordan will press for a settle of a considerable amount of stock ri Siberia has been interrupted.
ment of our claim only in the event of the which they took over at under its Ministers of other nationals making laid down cost. I will not depart from The latest betting on the Derby is as Firemen's Union on the 6th ult. waited A deputation from the Sailors' and
Following up the remarks which I made similar claims. The general managers my opinion, nor will the Consulting Com follows:-3 to 1 against Sweeper 11, upon the manager of the Peninsular and last week about the disappearance of the have come to the conclusion (with which mittee, that it was a wise policy on 100 to 18 against White Star and Cylgad, ber of efficient able-bodied white scamten China, I was struck by the fact that the in thorough accord) that, under the alter these outlyingompany to clear away
Oriental Line with reference to the num word Empire from our reference to conclusion the consulting committee are the part of the carried in the company's vessels. The coaches of the Chinese section of the railed conditions of trade in this part of the inconsistent, I think, on the part of these
world, the whole of the Company's ener union asks that sufficient white seamen way still bear the words "Imperial should be employed as would give to Chinese Railway. The Administration, gies should be concentrated in Hongkong on the one band with exploiting Watsons efficient, able-bodied white men to each if they do not wish to be boycotted by and Canton, where effective supervision for the benefit of our prouting. Watsont
can be maintained. With this object in on
on the other hand to say that we were lifeboat carried. This. would mean that perfervid republicans, will baye to see to
view all outlying branches will be closed foolish in getting rid of these branches the qumber of white seamen would be it that the offending words are removed. as soon as suitable opportunities occur. which were very good customers of the increased to 34 in most of the vessels and
With two exceptionis, these outlying London office. What shareholders over. to 40 in some of the largest.
branches were attached to the business manager promised to put the demands
when it was converted into a limited liabi- of the deputation before the directors of
fity ompany, and in regard to those excep the company and to reply by it m
tions, viz, Anny and Mactavish & Leh- next day. He was informed by the union
mann, Shanghai, the former has been re- officials that in the event of the reply
'munerative, but the latter not. The ma being unfavourable the whole force of
ture and scope of a small pharmacy nowa the Transport Workers Federation would
days are such as to require rigid economy be brought into action. The Cooks' and
and unremitting toil on the part of those Stewards Union was also represented at
engaged in it to make both ends meet the meeting.
These conditions rarely obtain in such a. A Labour correspondent states that
business unless worked by the owner. general dissatisfaction prevails among
Neither can such a business be taxed with the members and officials of all the sen
supervision expenses or a man more than is men's trade unions at the manner in
actually required to do the work without which the P. & O. Company ignores the
showing a loss. Retrenchments have mon's officials, and that a resolution A correspondent asks what Mr. Roose already been made and strictest economy passed at a joint London district meeting relt intended to convey when, as reported will ho observed in the conduct of the of the National Sailors and Fireman's in a telegram during the week, he Hongkong and Canton business. The gen- and the Cooks and Stewarde Unions described him if as feeling after thedral managers in conjunction with the "moose buil." The consulting committee will give their stated that the members could no longer campuigo like a tolerate the indifference shown by the moose is the American form of the elk, earnest attention to this matter.
Mr. JUPP moved, It was unanimously decided and Thoreau has described the moose as petition in all departments of the business сотрану. that no cocks, stewards, quartermasters, carrying perfect trees on their heads." gets keener every day, but with the experi-seconded, the re-election of Messrs. F. Maitland and W. Hutton Potts-as audi- or able-seamen should sign on unless at Presumably Mr. Roosevelt intended by ence and facilities which we possess we least two able seamen were supplied for the expression to convoy the idea that he feel confident we can more than hold our tore at the salary of $500 per annum. The each lifeboat. Failing this It was decid felt his brow to be heavily wreathed with own in Hongkong and Canton, and that motion was carried.
when we are quit of outlying branches ed to boycott the company's ships from the laurels of victory.
1
RODERICK RANDOM.
better results will begin to show. Indeed the following day.
they are beginning to manifest themselves
and that at least ten additional bat- talions are required before the Frenchs can master the situation. A Holy War is being preached everywhere.
ENGLISH RACING.
THE MANCHESTER CUP,
LONDON, June 1st.
The Manchester Cup resulted
follows:
Donnithorne
FB
that the mission has stations and unis- none of any great value exist. It must sionaries in 10 of the 19 provinces of have been a surprise to most people in China proper. The number of the Colony to learn that under existing missionaries was 1,000 native helpers, regulations a muter car need not carry 2,008; stations and out-stations, 1.009; a horn or blow it and a cyclist need not and native communicants, 27,748. Dur- have a bell on his which, usund it ing the year 65 workers were admitted. Doubtless our legislators will see to it which figures in the accounts for the first require at a moment's notice but also any
to the mission, including 22 from Great Britain, 10 from North America, and 11 from Germany. The total income was £04,739 84. 10d.-an increase of £11,832 8d. 21. Of the increase £5,700 was con tributed for famine relief. The funds for the current year so far had not shown such a growth. The committee added, that, while bearing in mind the fact that ultimately the work both of guiding the churches and spreading the Gospel in China must devolve upon their Chinese Nine ran, and the winner won by half the country, both in population and in brethren, they believed the magnitude of a length, with the same distance separat-area, to be such that for some time to ing second and third.
come considerable additions to the rum
Bronzing
Mushroom
#
3
The betting was to 1 against Donnithorne, 11 to 10 against Brunzino, and 100 to 6 against Mushroom,
THE DERBY BETTINO,
9 to 1 against Tagalie, 10 to 1 against Mordred, 100 to 7 against Jaeger and Pintadeau, 100 to 6 against fatmint, 20 'to against Jingling Geordie, 23 to
against Javelin, 50 to 1 against Farnan, and 60 to 1. against Farrier.
LATER At Newmarket after a gallup this morning Sir E. Cassel's Dorby colt Grigad pulled up-dead-lume.
Derby Scratchings:-Farrier at Ba..,
aud Cylgad at 12.32 p.m.
HOME CRICKET.
LONDON, June 2nd.
The following matches were druwa- Hampshire Derby; Yo.kshire. Somerset, Essex Middlesex, South Africans v. Northamptonshire.
Lancashire beat Kent by an inuings and 27, Surrey defeated Sussex by three wickets, Oxford University beat Wor- cestershire by 14 runs, and Notts beat Leicester by ten wickets.
ber of missionaries would be needed.
MANNING OF P. & O. VESSELS.
REPRESENTATIONS BY SEAMEN ́B UNION.
The
that this state of affairs does not con tinute much longer.
•
This recalls a paragraph I have noticed in a Foochow paper. At Foochow it appears that the discarding of the queue has not been quite so general as is the case farther south, and so the Republican authorities have issued a ** warning." Those who are now found with the appanage are forcibly deprived of it and further punished by being made to sweep the streets for ten days. Added interest would have been given to the paragraph if we bad been told whether or no the queues of the offenders were made to -serve as the mops or brooms
It in a little
anonymous correspondents to charge us
look is this-that the General Managers are, and have been for many years, large holders of the stock. They own of COB- trol at the present moment one-sixth of the shares of the Company, so the interests of the Generat Managers are practically identical with the interests of A. 8. Vatr son & Co. And it would be criminally foolish for them to do anything against the interests of Watsons business. don't think I have any further remarics to make, but I should be glad to answer any questions which shareholders may wish to ask. (Applause.)
す
There being no questions, The CHAIRMAN moyed the adoption of the report and accounts. Mr. WRIGHT seconded the motion, which was carried. On the motion of the CPMAN, second ed by Mr. Horny, Sir Paul Chater's sp pointment to the Consulting Committee Com-was confirmed.
and Mr. CLARKE
The CHATEMAN-That is all the business of the meeting, gentlemen. Thank you for your attendance.
45
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75