INTIMATION
THE HONGK NG DAILY PRESS, THURSDAY, FEERUARY 97TH, 1913.
an area in the New Territories for tia. Ond of the frat quastions which an intimation of the iden avoked was How is it that the Chinese have not discovered these tin deposits seeing that they are so keen on tin-
A. S. WATSON mining in the Malay States, and in Nether-
& CO., LTD.,
ESTABLISHED 75 YEARS.
WINE & SPIRIT MERCHANTS.
CHAMPAGNE
DE
lands India, not to mention the Chinese province of Yunnau, from which there is now a constantly increasing export? Chinese do not think it necessary to go in for expensive machinery. Most of their mines in the Malay States are worked by primitive methods, and not only, we are told, do the Chinese produce far more tin, but "scom cap able of better withstanding a fall in price," The machinery used is generally of a very simple type, and hard manual labour plays a part more important than would and favour with those who believe that economy is best achieved by labour saving devices. "Possibly," says the writer in the Malay
ST. MARCEAUX & Co Hail, the continued success which attende
BEIMS, VIN BRUT AND VERY DRY
PRICE PER Case': 1 Doz. Quarts
2
"Pints
» Splits
$58.00
the employment of obsolate methods while mines equipped with modern plant find a
difficulty in paying, except when the price of tin is higb, is in part attributable to the fact that the Chinese in working tin have generally a personal interest in the success $60.00 of the undertaking. Great quintitics of $69.00 metal are won by individual man and women, working ench for his or her own
CHAMPAGNE hand, much more by very small groupa
DE ST. MARCEAUX & Co,
18
A
GUARANTEED VINTAGE
WINE.
It is the most popular wins in Englank and Earopo today, and invariably igures on the menu of Banquets, Diacors, and Suppors given by Reigning Monarchs, Ministers of State, Marchant Guilde, Sporting Clubs, ato., sto.
CREME
DEPERNAY
A CHAMPAGNE OF FINE QUALITY PER CASE: 1 Doz. Quarts $84.00
2 Doz Fints 4 Doz. Splits
based on some complicated system of oo partnership, while, oven in the large concerns, the humblest coolie, in one way or another, usually stands to lase or gain with his employer. Many successful Euro- pean mine-owners adopt the principle of letting their properties on tribute, so that they are, in part, adopting Chinese methods, since the tributer works after his own fashion. Co-partnership in the pursuit of tin appears to call forth the best qualities in the Chinese, and those qualities have enabled them to keep their old hold upon their favourite industry.' The writer is not impressed by the tendency of European companies to enter the field in the expectation that by the employment
COMPANY REPORTEN
THE HONGKONG ICE COMPANY. LIMITED.
The thirty-second annual report of this Company states
The General Managers submit a state- ment of the Company's recounts for the your 1918.
Including 823,622.36 brought forward from the previous year, and after deduct: tag $10,000 paid as an interim dividend of $2 per share, the balance at credit of profit and loss account is 883,338.88, which it is recommended should be appropriated as follows:-
Á Final Dirilend of 88 per share 840,000.00 To write off Property Account... 18,500.00
write off Launch and Lighter
Account
To carry forward
1,500.00 8,335.88
809,335.88
JABDINE, MATHESON & CO., LTD., General Managers. Hongkong, 10th February, 1913.
'TROFIT: AND 1018 ACCOUNT. FOR THE YEAR ENDED 31HT DEUEMBER, 1913, To General Managers' =
Commission
$2,000.00 150.00
To Auditor's Fee
To Interim Dividend of 8 % paid
on 18th August, 1912 To Balance
By Balance brought forward from lost years and Cold Storage Charges, loss Working Expenses By Renta received (less Crown
Rent and Taxes paid) By Interest and Dividends By
Transfer Fees
To pay a dividend of 7 per cent,
from working pralits
To pay bonus of 2 per cont from A profits on ente of property. To write off Inuncher
23.
Lighters Machinery
Kowloon Wharvos. West Point Wherf... To write off Railway and Rolling
Stock***
8210,000,00
· PADITT AND LOBE ACCOUNT. DE.. To interest
$ 20,842.
80,000.00 To Repairs ...
93,235.22
11,114.91
5,659.23 To Directors and Auditors fees 18,600.36 By Balance
10,500.00
518,490.91
81,401.24
454.01
8,481.70
$570,069.07
8470,059.07
To transfer to Equalisation of g
dividend fund
To carry forward to new account
160,000.00 By Balance from last account... $19,392.69 386.011.04 21,699,74 By Nett earnings for 1912
By Sale of old material ...
969.60 75.00 By Unclaimed dividends forfeited. By Profit on sale of property disposed
$518,490,01
UUSINESS, There was a general increase from all
sources of revenue, se d
LAND.
Kowloon Marine Lots 3 and were sold to the Government and K. M. L. 91 (Police basin) was acquized in part payment, A portion of K. LL 11 (12500 feet) was sold.
The areas of the Company's land at Kowloon now stand thus:-
doptera (including Prava). Marine Lots Area 089,071 fost Inland Lots ....Arca 242,118 feet
940,389 fcel
It will be observed from the Accounts that part of the land sold was disponed of in the year 1907 and the balance in 1012.
- BUILDINGS.
The following buildings were demolish 2,100.00 od in consequence of the above sale of
land and their values paid for, viz: 10,000.00 downs Nos. 52, 53, 55, 50 and Office 69,895.88 (Sharp's Building). 875,485.89
$23,832.56 30,271.49 18.17 10,583.36 30.00
870,485.88
BALANCE SHEET ar Blat peCEMBER, 1912.
LEILATIES.
Accounts Payable
DIRECTORS. Messrs. H. Schmidt and G. H. Mod- hurat retired during the year and their. places were taken by Messrs. G. Boolsen and S. H. Dodwell,
Mr. H. W. D. Shallard joined the Board during the absence on leave of the Hon Mr. E. A Hewett, C.M.G., and retired on the latter's return.
Mr. G. Boolsen retired and his plage was taken by Mr. H. Schmidt. Messrs G. Friesland and C. S. Gubbay retire according to the Articles of Association and being eligible offer themselves for re election.
AUDITOKS.
of in 1907-1912.. .8184,401.10 Loss expenses conse-
quent on sale Wa 11.776.20
C. H Ross
C. P. CHATER Directora.
TELEGRAMS.
(TANOUGH ARUTER'S AGENCY,}
THE AUSTRALIAN POLAR EXPEDITION.
DH. MAWSON DETAINED FOR ANOTHER YEAR,
LONDON, February 20th. Reater's correspondent at Melbourne wires that Lord Denhamn has received a wireless message from Dr. Mawson vid Macquarie Island announcing the deathe. 172.626.90 of two members of the expedition. The
others are well. $579,069.07
EDWARD OSBORNE, Secretary. We certify that we have obtained all the information and explanations we have have required, and in our opinion, the balance sheet referred to in the report is properly drawn up, so as to exhibit a true and correct zies of the state of the Cem pany's affairs according to the best to our information and explanations given to us, and as shown by the books of the Company
W. Huron POTTS
Auditors. A. O'D. GOURDIN. Hongkong, 31st January, 1913.
Subsequently Professor David of Syd- noy had a wireless message from Adelie Land stating that the party had been most
successful with their sledging operations. Dr. Mawson reports that six mon missed the Aurora when she proceeded to the termination of the base to pick up the party loft in charge of Mr. Wilde. They
will probably winter in Adelie Land.
NEW AREA OPENED UP
Dr. Mawson himself sent the wireless message to the Governor General of Aus- tralia, in which he stated that the sledging had opened up a large area of new land cast and west of Commonwealth Bay and the axpedition had obtained important
data in regard to a number of stations in proximity to the Magnetic Pole. He con cludes: It is probable that six of the staff and myself will be unavoidably detained for another year."
Dr. Mawson has sent a message to the King in which he asks the permission of His Majesty to name a large area of newly discovered land King George the:
SMART CAPTURE BY POLICE.
At the Magistracy yesterday Inspector Dymond proceeded against three Chinose for being concerned in a burglary at 229, Queen's Road West, second floor, on Tues day morning. The matter was reported to the No. 7 Police Station at 10.30, and within a very short time one of the men was caught coming out of a pawnshop at 68, Second Street, where he had pawned suit of European clothing, one of the articles stolen. The police afterwards. proceeded to No. 216, Third Street, and on the ground floor all the other in all at $100, was property valued
1 were arrested found. there, and in a box several house Fifth Land. This lies between Victoria breaking implements were brought to Land and Adelie Land, and the expedi- light. The second defendant, who had tion's main sleighing efforts were concen- been banished for five years and had re-trated on this land. 83,000,000.00 turned, had served a sentence of six 500,000.00 months' imprisonment previously for the 272,768,74 same offence. He admitted that he went 1,080.00 up on the roof of the house and broke in. Mr. Hazeland intimated that he was pre- 518,100.91 pared to convict first and second dofen dante, but ordered a remand for two daya $4,202,334.65 for enquiries to be made in respect to the
third man
Capital, 6,000 shares of 825 each.3125,000.00 10,080:74.
Mesra W. H. Potts and A OD Gourdin have audited the accounts now 2,875.46 176,00030 Bresented and offer themselves for ve
presented and ROSE, Chairman. 8,075.00
·CH 60,000.00
Hongkong, Blet January, 1913, 63,336.83
BALANCE SHEET, S1ST DECELINE, 1912. $439,376,08
Ammonia Reserve Provision for Contingencies Unclaimed Dividends a Jardine Matheson & Co. Ltd. Profit and Loss Count
ABBETS.
of more and more modern machinery they Land, Buildings, Plant $36.00 will successfully compete with the Chinose $38.00 It may be, he says, that the use of labour- saving plant will contribute in an increasing proportion to the total export of tin, but
und Machinery as per last account....8135,805.64 Since expended on
Plant
163.00
$136,058.64
A.S. WATSON & CO. yet the lessons of the past appear to have Transferred
LIMITED,
ALEXANDRA BUILDINGS.
NOTICE TO CORRESPONDENTS,
Osty, communications-relating to the newa column should be addressed to Tan"
Correspondents must forward their names and addresses with communica tions addressed to the Editor, not for publication but as evidence of good faith.
All letters for publication should be written on one side of paper only, an
No anonymowly signed communica- tions that have already appeared is. other papers will be inserted.
Orders for catro copies of DALLY PRI85 should be sent before 11 a.m. on day of publication. After that hour the supply li limited. Only sapply for Cath.
BIRTH
On the 25th February, at "Woolamai,” Kowloon, the wife of D. E. DONNELLY
[360 a daughter.
HONDRONG DIFION: 10A, DES VEUX READ LONDON OZO: 181, Fi Seaner, E.C.
The Daily Press.
HONOKONG, FEBRUARY 27TH, 1913.
been imperfectly learned and money is still sometimes wasted on machinery which is found after it has been erected, to be entirely untuited to the purpose for which it was intended, while sound finance is still not always insepnably connected with mining ventures. He concludes, therefore, that as long, at any rate, 44 high grade ground produces most of the fix in the Malay States and there still seem to be a good deal in existence-we are unlikely to see the Chinese ousted from the position they occupy in the industry they have made so peculiarly their own. Now there is good evidence that tin is to be found within a hundred miles of Canton, and it is inexplic. able that the Chinese should not have done more than they have to work it. We have been told that very olid maps of what is now known as the New Territory of Hongkong: show a tin mine somewhere about the district indicated in the recently published prospectus. Why the Chinese ceased to work it, is not now known, it may be that at the price of tin prevailing a century ago, the quantity obtained was not sufficiently large to make the enterprise remunerative; or, again, it may be that the industry was strangled by the avariciousness of a corrupt mandarinate. It is sincerely to bo hoped that the expert engineer who is shortly coming to examine these re-discovenes in the New Territory may find that tis abounds there in quantities which it would be worth the while of a company to exploit, aud so add a new and profitable enterprise to those already in existence and, what is equally important, furnish the Government with a new source of revenue.
from Ex-
tension Account,
as per last nocount...8110,209,74 Since ex
pended on Buildings and Ala
chinery, including interest during Construc- tion
$10,460.18-112,948,39.
Launch and Lighter,
os por last secount.. - Less written off as per last report .... Investments
perty Mortgage on Prom
232,146.07
$8,600.00
2,000.00
$21,000.00 20,000.00
480.00
Hongkong Club De heutores, at par Shares in Public Companies, as per last accountin
Accounts Receivable Sundry Debtors"... Stocks of Lee, Coal and Armonia Cash at Bank and in band: Unexpired Insurance Premia
At Hongkong and Shanghai Bank an Deposit At Hongkong and Shanghai Baal on Current Account.. At Hongkong and Shanghai Bank on Dividend Account In Hand
9.700.00
7.752.78
368,304.71
8,000.00
41,430,00 6,977.70 805.55 1,320.00 134.85
LIABILITIES.
Dr.
To Capital, 00,000 fally: paid
-up shares at $50 m........
To Reserve fund
To Sundry creditors
To Unclaimed dividends
To Balance of Prufit and Loss
Account
By value of Land.
and Buildings at:
Kowloon as per
196ETS. Cr
last censiat. 83,921,257.57 Less value of land
and Buildings sold 591,808.15
Since acquired
$2,020,380.62
336,278.15
2,564,067.77
Apportioned as follows;
Tand
Buildings
By value of Whar-
ves at Kowloon
as per last account $348,191.87 -
Less written off
jest year
Since expended.
21,374,02
Less Ferry Wharf
$320,087.85 22,144.33
8948,052.19
24,341.49.
By value of Rail- ways and Bolling stock at Kowloon as per last ac count Less written off
last year
Since exponded..
$105,327.06
8,2201.78
897,307.23 5,410.85
2,370,00 680.51
By value of Laun
ches as per last Account Loss written off
last year
11,600.27
$430,876,03
Les sale
Pelican
$55,209,77
4,878,26
$50,325.61
700:00
JARDINE, MATHESON & CO, LTD., General Managers." Hongkong, 27th January, 1919, Auditor's Report.I report that I have audited the above balance sheet with the |books, vouchers and securities of the Con- H.M.S. Monmouth left for Japa balance sheet is properly drawn up so AS pany and that in my opinion such yesterday.
to exhibit a true and correct view of the state of the Company's affairs ab 31st The Japanese gunboat Sngu arrived December, 1012, according to the best of bere yesterday from Cantou.
[my information and the explanations given me and as shown by the books of the Company 1 have obtained all the information and explanations required
By value of Light
ers as per last. account -Loss written off
Last year
By value of 31a-
chinery and Plant
As per last ac .count"
Less written "off
last year
$331,232.15
31,453 18
$148,000.00
10,455,34
$132,544.66 -414,187:08
Two
ROYAL HONGKONG YADHT CLUB.
The Third Club Race, was resailed on February 22nd.
Course Kowloon Rock (starboard), Channel Rock (starboard), Markboat on starting line (startboard), twice round, 63 miles,
At the start of the Handicap Class Colleen was across the line and, on being $1,392,092.24 recalled luffed and ceused La Linda to 1,692,676.63 80 about steady but not to
The wind was steady but not too strong. After the first round the Dione gave up, when leading by about half a milena
In the one-design class the Bonito got into first place before the first mark and
maintained that position to the end, Haleyan being second.
Times, Corrected:
Rolla
324.010.69 La Inda. 4 14 3
102,518.08
40,625.51
"299,778.07
H. M. S.
M. M. 5.
4 12 44
4 10 38
4 12 3
Dorothea 4 17 55
་་་
4 12-18
Kathleen. 4 198
412 23.
Galleen 1 28 15 4 20.35
Dione, gave up
Bonito .... 4 25 29
Halcyon 4 42 3
Daphne 4 43 50
Alannah
Points,
Total.
24 8
THE DALLAS COMEDY COMPANY
TWO DEATHE.
Reuter's correspondent at Sydney tole graphs that Lieutenant Minnis and Dr. Hertz are dead, Dr. Mawson and six others missed the relief ship and are com pelled to spend another winter in the Antarctic.
Bir Ernest Shackleton, interviewed by Reuter, said be considered that the Maw- son party had again landed from the Aurora, the ship being beset by ies and unable to take them off. If they reached the original base they would have plenty of food for another winter.
LADY SCOTT.
LONDON, February 20th. Lady Scott has cabled to her brother in
Birmingham that she has heard of her husband's death. Her health is good.
TROUBLED MEXICO.
LONDON, February 26th,
A message from El Paso states that 95 Mexican Federal Volunteers revolted an a protest against the killing of Ex-Presi dent Madero, They were taken out one by one and shot against the wall, the majority being most courageous and re- fusing to be blindfolded,
According to a telegram from Mexico A good andience was intensely interest- ed at the Theatre Royal last night in the President Huerta has ordered that the performance by the Dallas Comedy Co.portraits of ex-President Diaz be restored
in the public buildings.
THE MARCONI CONTRACT,
of "Bella Donna.'' This play, which is adapted from the novel by Robert Hichens, is essentially Oriental in its conception, and in parts is most sensational-indeed it might be said that the closing episode in
LONDON, February 6th. the second act was supernatural. The
Mr. Samuel, Postmaster General, in a scene of the piece is laid in Egypt, and letter in reply to that of the Marconi throughout, there is the atmosphere of
mystery associated with that ancient land Company in which they insisted upon the and her ancient people. The play abounds cancellation of the Imperial wireless con- in tensely dramatic scenes,
A Dr. Meyer Isaacson, the famous tract after March 1st, reiterates that nerte specialist, Mr. Henry Dallas was he is not of opinion that the Company brilliant, his acting being most admirably has the right to retire from the contract,
ratura Miss Geraldine Le Bage had an
unenviable role in impersonating Mrs, and he would hold himself free to enforca Chepstow, the well-known," designing
widow, who marries the Hon. Nigel all his rights upon the Company.
Trovan is is generally known that the Chinese are largely concerned in the tin mining industry of the Federated Malay States, it is scarcely realised, outside those States, to what extent this is actually tho casa. An interesting article in the Malay Mail points out what is obviously true when it says the Homo publio is concerned with Malayan mining matter only when they apply to the small group of limited liability companies, capitalised in storling, which operate in the Malay Peninsula, and thus the public who rely upon the financial journals for their information derive the impression that the tin industry of the Federated Malay States is largely in the hands of European concerns. But the true under- standing of the case, says this well-informed writer, is that the bulk of the tin produced in the Federated Malay States is turned out by Chinese miners, ranging from the humblest individual fossicker to the huge undertakings of wealthy individuals of
For stealing a watch from another The European-con- Chinese at the Happy Retreat by pocket powerful syndicates trolled ventures no doubt occupy a position picking, a Chinese was yesterday Ben- of importance, but the amount of metal tenced by Mr. Hazeland to one toonth's they produce is small compared with that imprisonment. won by the Chinese, and the latter, rather A Chinese charged at the Magistracy than the former, are the leaders in the yesterday with pocket picking at the main forward from last year, and after deduct By Hongkong and Shungbai the Company ably backed up the efforts was going to do his best to break down:
Si Conyngham Greene, the new British Ambassador to Japan, and Lady Greend. are passengers by the Kitano-mara which arrived yesterday froh England.
During January, 20,348 Chinese im- migrants arrived at Singapore, compared with 18,918 in January, 1919. age January arrivals from 1003 to 1912
were 14,911.
The aver
Sinco added.
$146,711.74 Less sale of Machinery 665.00
A R. Lowe, CA., Auditor. Hongkong, 10th February, 1913,
THE HONGKONG AND KOWLOON WHARF AND GODOWN CO., LTD.
The report for presentation to Share- holders at the twenty-sixth ordinary By value of West annual meeting states:-
The Directors beg to submit to share- holders their report with a statement of accounts for the year ended 31st December, 1912.
The profit on working was $339,803,99
The balance at credit of Profit and Loss account, including $19,392.63 brought
in 1911.
industry." These fants have an interesting gats at the Race Course, was sent to ing Directors and Auditors' fees, and bearing on the recent criticisms of the effort. prison for a month, with four hours
to float a company in Hongkong to dredge stocks, by Mr. Hazeland.
paying for all interest and repairs, amounts to $18,190,91, which it is pro posed to appropriate as follows:
By value of land & Building at
West Point
$7.000.00
454.61
Point Wharf us per last account.
· Less· written off
∙last year .....
By Sundry debtors By Falue of coal on hand By value of stores on kend By 1 Share Union Lusitance
Squiety of Canton, Ltd.
Banking Corporation.
146,046.74
203,143.88
Armine with the idea of regaining her
* THE SUFFRAGETTE LEADER.
LONDON, February 20th.
lost position in Society, and incidentally a title. In an extremely difficult part this talented actress was see to great advantage, and her treatment of the character was brilliant in the extreme Epsom Court was crowded when Mrs. Mr W. Austin made a thoroughly Pankhurst was brought up. She was capable, Nigel Armine, the foolish and deluded lover, whose faith in his wife is greeted with cheers and boo3. After arbounded, Mr. Edward Bonfield was also formal evidence was heard, she was re- called upon to portray a rather difficult character-Marcus Barode, a wealthy Egyptian, with whon Mrs. Chepstow was 8,545.39 in love and his represention was very 126,993.02 clever. Mr. Geoffrey Quise's study of the 770.99 Egyptian servant hey, with his strained 919.11 and drawling intonation, and his peculiar
mode of speech and address, deserve 460.00 special mention. The other members of
0,254.67 of the principals, and undoubtedly the performance was of a most inccessful $1,292,334.65 mature,
* To-night. “Lady Frederick" will be staged.
manded, and allowed out on hall of £700
on promising to refrain from incitement or attending public meetings,
Mr. John Burns, speaking at Battersea, referred to the Suffragettes, and said he
the tyranny of organised blackguardism
It was in the interest of Democracy ta terminate this despotism immediately.