Castler Fulmert
the Wine Merchany of the last
INAPIER
JOHNSTONE'S
“SQUARE BOTTLE ”
WHISKY.
ד
UNVARIED FOR OVER 150 YEARS.
THE SAME TO-DAY AS IN 1745.
BEWARE OF IMITATIONS. OLL AGENTS IN HONGKONG
LANE CRAWFORD & CO.,
and from ALL WINK MERCHANTS.
[74
SHANGHAI-NANKING RAILWAY
REPUNT BY THE GENERAL MANAGER.
THE HONGKONG DAILY PRESS, BATURDAY, MAY 24TH, 1918.
The annual accounts for the calendar year
are herewith submitted. 1012. Comment is frequently made regarding the loss to the Chinese Government in having to make up annually a certain amount representing the difference be tween the interest due on the capital loan for the construction of this line and the amount of money paid towards it by
WM. POWELL MOUTRIE'S
LTD.
TELEPHOKE 346,
the ret garnings, due to the working of GENTLEMEN'S OUTFITTERS
the line in other words, the annual deficit to be made up since the opening of the Railway to traffic, and they should convince those who peruse them impar tially that the progress made by the Rail- way towards the full payment of its, to speak, guaranteed interest has been consistent, very considerable, and quite in propertion to the results achieved by similar undertakings in the East, in fact anywhere.
Year.
Total of interest
to be reado 3 This varies on account
of Exchange.)
Net Earrings
made by·
5101PV[
Annual Loss to
Chinese-Government,
STIFF
SHIRTS
FOR
AND
SUBS FANTJAL
SOFT
DOUBLE
SUMMER WEAR
LIGHT-WEIGHT
MATERIALS.
CUFFS.
FITTED WITH THE NEW
COAT SLEEVE.
Thus ensuring the proper setting of the cuff.
LTD.
SUPPLY
THE PIANO
FIVE YEARS' GUARANTEE.
LIBERAL DISCOUNT
FOR
CASH.
PRICES RANGE FROM
$380.0 00
EASY TERMS FOR HIRE PURCHASE.
S. Moutrie & Co., Ltd.
BANK'S
AND SHANGHAI
BANKING CORPORATION.
HONGKONG
Paid-ur CAPITAL
144
$16,000,000
BESKRYF FUNDS200
STERLING.
ZA
SILVES
Ik
$17,200,000.
BANKS
HE MERCANTILE
INDIA, LIMITED.
BANK
OF
"PLASMON FOODS MAKE
BONE, MUSCLE
& BRAIN."
DAVID F—— SETE ANALYSIS PROVES that the nutriment (viz., pure asumtable profeld) contained in. 4-lb. of beef fillet does not equal
·ane-third oz., whilst
PLASMON
conicins $1.30% pero pretold and 2.60
of the all-essential OrganioPhosphorus, which total not merely to health, but to actual.extalente,
*plasmstin added to food
Both riches thestavar,
jud increases the nu
tritive valise ENER
Famished
Hair Cells
Hair Failure is due to sarvest roots and calls, All the legion of balt torby vanish if yar strike at the cool lig iba maine in overs -you must ga right to the neart of the trouble. What die ercy, enpalshing, dropping bas
call for
1. andoquale post that nutstmest, ROWLAND'S MACASSAR. 01Leves Intejat new diary to the feeble rants and the leiding dels both them. If prodas asoft, lison and intiure: Full, ingerkant growth, radiating 3 friend hair-moth Softly perfamed with the of Rags Sapplied In Gold Find-or fair hair,
ROWLAND'S Macassar Oil!
sold by Stores, Chemists, and ROWLANDS, 67. Hation-Garden- London.
Avoid cheap imitations with the same. br similar name
6-16:
Meltonian
Cream
gives black boots and shes a brighter and more lasting polish and a longer life-than any other preparation. MELCORIAN CREAM not only im- parts a superior lustre, but also keeps
the leather supple and in fine condulon, Meltonian Paste li a paste is prefenel you should specify Meltonian Paste a splendid polish and a pennine preservative. Oblainete at all Stores, S4, N BROWN & SON, LTD., GARLICK "Suntz, No.
ELB-1
SAVARESSES SANTAL 17CAPSULES
"PHYSICIANS RECOMMEND THEM KADE IN LONDON OF ALL CHEMISTS
1009
1,092,333 517,815
1200 1,602,636
581,157
1910
1,601,850 027,071
1011
1,548,056 760,886
1912.
1,386,007971,149 (A)
1,174,518 1,081,088
087,179 787,170
415,700 (B)
· (A) This would have been $200,000 better
WM. POWELL,
if the Rolling Stock asked for eighteen months ago had been supplied.
(B) This would have been $200,000 less industry such na for the same reason,
A certain Power which has built 30,000 miles of railways in the East most suc cessfully and is making a very handsome. profit from them lays it down as fixed policy that capital spent in constructing a railway is well spent, and a sound investment if it carns its guaranteed. interest on the money borrowed by the fifth year after the railway has been open to public traffic. This railway has bee open four years; and is in easy sight of such a state of affairs; nay, would now be actually paying 5 per cent. if it had the engines and rolling stock it has asked for some time back, and if it was not so very hard hit by exchange.
much carriages, keeping stalls, etc, a circumoutcome amounts not so stance which has had an indirect bearing 10,000,000. Now they have 20,000,000,
8.-Cost of Land. Before the establish- 3.-Owing to the rapidity of transportament of railways, each mow costs $20 or on maintaining penso and good order. tion by rail the products of native $30. Now each mow along the maleo-
sca products, silke, costs $2,000 embroidery, etc., can be rapidly transport- ed from the interior for sale, and thus the business has been increased five or six fold in comparison with days of steam launch locomotion.
5.-Consequent upon the building of the railway has come the establishment. of telephone and electrical lighting, thereby telently improving the conditions of life by affording safety in the streets at night and rapid communication, such as we have never enjoyed before,
9.-Style of Houses. Before the estab lishment of the railways, the houses were
£1,500,000 at 2/-$16,000,000
$32,200,000 Resave LIABILITY OF PROP❜TORS$15,000,000
COURT OF DISSOTORS.
S. H. DODWELL, Esq.-Chairman, Hon. Mr. D. LANDALE-Deputy Chairman.
in Chinese style. Now there are over 20G. Friesland, Eng. 0. B. Gubkay, DEL factories und godowns.
P. H. Holyoak, Eng. G, B. Laurens, Esq. F. Lieb, Esq.
10 The Electric Lights and Telephone, Two companies were started after the establishment of the railways.
AUTHORISED CAPITAL .... 1,50 SUBSCRIBED
PAID UP
RESERVD FUND'
191
190
READ OFFIEN:
40, Thrandasedla Street, LONDON, EC. BRANCHES
Kandy, Galle, Singapore,
Bombay
Caloutta
Howrah.
Delbi,
IW.L. Pattondan, Esq. J. A. Plummer, Eng.
Madras.
Karaoki.
Hon. Mr. E. Shellim
Rangoon
Colombo,
H. A. Siebs, Esq.
CHIEF MANAGER : Hongkong-N.
J. STARE.
MANAGES :
Elhanghai-A. G. STEPHEN
LONDON
4-People are greatly benefited by the rail-borne post, so that a return post may
a expected in a day's time in communi-11-The Hotels Before the establish; cating with Nanking Chinkiang and ment of railways, not a single one was
built. Now there are over 20 places." other places along the Line.
These letters and remarks, spontaneous as they are, coming from the actual people a complete justification concerned, are
for the contention that the Shanghai- Nanking Railway, being a commercial enterprise, undertaken for the express purpose of serving the civil and military needs of the country, may take to itself an amount of credit for indirect profits, more than sufficient to make up the cent, balance between what it has actually directly paid and the 5 per cent, interest on the borrowed capital; and, farther, that the actual paytren of its direct per cent, prufits on its capital is a foregone sequence on these facts.
LONDON BANKERA COUNTY AND WESTMINSTER
BANK LIMITED.
HONGKONG--INTEREST ALLOWED
On Current Account at the rate of Two par
per annum on the Daily Balance.
OF FIXED DEPOSITE,
For 3 months, 21 per cont, por Annum. For 6 month, 3 par rent. par AagemÐ, For 12 months, 4 per seat. per Annum
N..J. SPADE,
Chief Manager...
I hope I have made it clear that this. Railway is doing its duty as far as the Hengkong, 3th May, 1913. – civil needs of the country are concerned, and I think events of the past year
BANK
THE OKOBANA SPECIE
LIMITED.
AUTHORISED CAPITAL, Yen 48,000,000 PAID UP CAPITAL Yer 30,500,000 **Teh 18,200.00ed RESERVE FUSTOMMADE
6-The splendidly comfortable coaches of your railway, the good treatment and civility to the passengers, as well as other perfections, leave nothing to be desired These are entirely due to the efforts of the Similarly a just appreciation of the Shanghai Nanking Railway, which has naique difficulties of likin, shortness of rendered great services to China, for rolling-stock, discriminative competition which we feel greatly indebted. There hy river and creek, will, I feel sure, is only one thing we have to point out conving those accustomed to judge rail that since the opening of the TP.R. the way results that the Administration has goods traffic on Shanghai-Naulding Ruil way has been steadily increasing, but not neglected its opportunities,
A great deal, of course, depends on the owing to the shortage of wagons of the standard of business aimed at, and it latter the traffic occasionally congregated
the acknowledgment of the authorities, would be well to bear in mind that in or blocked, thereby resulting in inevitable coaceted with the Revolution have shown accordancs with the explicit terms of its thefts. Hoping the General Manager of often and unstintingly expressed, verhally loan agreement this railway has been the Railway is aware of existing imperand in writing, that it fully did its duty worked, as far as it can be, according to tection and will see his way to enquire in the time of strife and war in carrying.
HEAD OFFICE-YOKUHAMA - the best modern practice. Thus the into the matter and to purchase the the troops efficiently and in allowing the
Branobes and Agencies at Shanghai-Nanking Railway is unique in additional wagons so that the merchants entire free movement of the people în Chins (I speak under correction) in as will feel greatly encouraged by giving safety when they were anxious to escape
Autang-Haion Liao-Yang Frojún Calentia the railway from the actual scenes of fighting
Port Arthai. suming the position of legal bailee for their transportation to
Loudon Bombay
San Francisce Competent Chinese authority has placed. the time being, with reference to its trafic, entirely.".
Los Angeles Shanghai, both coaching and goods, and the proThe products and business condition great value on this las fast as being one
Tiebling Dairen (Dalny) wel of the principal causes of the ungrudging
Lyons perty entrusted to its charge for carriage, in Wasih.
Fengtien (Mokden) Nagasaki Tientsik as all railways in other countries are 1-Cocoons and Silks Before theympathy and acquiescenes in the local
Newolwang Tokyo: population obliged to do by law, and in taking upon establishmout of railways the transporta events of the revolution by the
New York itself all the responsibilities entailed by tion of them by ships from Wush to a large
Otaka I will close this Report with a very the Board of Trade regolations for safety Shanghai takis 4, 5 or 6 days; now it and car as far as they can be made takes only 12 hours, including the fine hearty acknowledgment of the work done by the officers and staff during the past: applicable to the circumstances of the for leading and unloading. country. This fact alone will make it.
year 1912 Extraordinary night and day clear to all experienced readers that suchSundries. As above.
work suddenly fell upon a staff not. responsibilities mean very gradual
1
3-Rico and Barley. As above!
4.Wood and Iron Materials.
The
sufficiently recruited for day work, owing
evolution towards paying conditions in a transportation of them by ships from how country; and that, when reached, Shanghai to Wasik takes B or 6 days; but to the introduction of an oft-resisted
the finances of the Railway will be on n sound and abiding foundation.
In harmony with the above remarks, it has been the settled policy of this railway apolles warmly supported by the Manag ing Director, to place the development of the country, the nursing of the commercial welfare of the big towns, in other words, the indimet profits and advantages, to the country first and foremost; realizing that frequent means of communication between places of business, ready and safe means for the transport of merchandise and may, the festuring of all facilities, for business makes business
on the
and
principle that often the sight of means to do ill deeds make ill deeds done
Such openings up of also good ones. - business increase the power of taxation, increase the value of land and generally. build up eities. In support of the indica- tion that our efforts in this gradual development of the business possibilities, in fact our building up the indirect profts (which must act forcibly the direct profit bearing possibilities of the railway, as night follows day) are meet ing with considerable success, I quote the following written statements from Cham ber of Commerce, gentry, nerchants of Soochow and Wusth
"Improvements in local and business conditions at Soochow since the opening of the Shanghai-Nanking Railway to trafte
1-Since the establishment of the rail- way station at Seochow the vast tract of waste land in the vicinity of Chong Meat and Citi Men has greatly risen in value been and modern buildings bavo erected thercon along the approach read to the Chong Men street All sorts of shope, stores and other houses have been opened and the place has rapidly become a fourishing and prosperous market and is still developing.
-Sines the construction of the modern macadamized road approaching the station great facilities have been offered to the travelling public and a large class of people has been able to find a means of living by pulling ricolas, driving
that by rail for the same distance takes only 6 hours p
3-Coal and Petroleum. As above. 8. The Passengers. The launches may take them to. Shanghai in 24 hours and the native junks may do so in 4 or 5 day The railway can take them to Shanghai
in 3 hours only.
7-The Business Condition Before the establishment of railways, the income and
sure of reduction, and only those who experienced it can realize what stress of work the officers and mea, Chinese and foreign, went through in the way of long considerable risk, and I commend them hours, heavy work, attended often with one and all to the special attention of the Managing Director, the Corporation and the Chinese Government.
Biliousness
Mother Seigel's Sump is the reme dy vitha world-famous reputation for quickly removing and preven ting bilionsness and constipation, or any of the symptoms that some derangement of the indicates stomach or liver. If is not wisd tolgnorosach distressing ailments as headaches, pains after eating. flatulence, furred toogus, bad breath, or frequent bilious attacks. Qule apart from their painfulness
A. W. U. POPE,
General Manager.
HEADACHES STOMACH PAINS FLATULENCE DIZZINESS
Constipation
ARE REMOVED AND PREVENTED
BY
these are Nature's warnings that something is seriously wrong with the digestive organs, and no time should be lost in seking out a remedy, Mother Seiger's Syrap is ready to your hand its beneficial effect is usually seen after the first few doses, and permanent very quickly restoration follows its regular endanger your healthy, but get a bottle of Mother Seigel's Sarked improvement in to-day. It will not fail you, and the your health will be source of pleasure as well as of comfort to you at all times. MOTHER
・to good he delay and
Seigel's Syrup
Sold also in Tablet form. Fico 20
Changchun
Hankow Harbin
·Honolulu Kobe
Pekin
INTEREST ALLOWED ON CURBENT AC GONTS.
Deposits reosired for fixed perioda në Ja's te
·EISHI ONO, Manager. be obtained on application.
2443
Hongkong, 31st March. 1915. THE BANK OF TAIWAN, LIMITEI
(INCORPORATED BY SPECE
CHALTEM).
Capital Subsoribed (paid up) Capital Reserve Fund
IMPERIAL
Yen 10,000,000 Yen 8,250,000 Yen 2,620,000
HEAD OFFICE: TAIPEH, Torosa.
BRANCHES AND ACEKCIZS. Tainan
may
Anping
Centon
Swator
Kete
"Tamení“.
Nagutaki
Tokyo. Yokohama
Shanghai
Foochow Onlin
Koelung
HONGKONG. OFFICE,
3, DEB VOUX ROAD.
Interest allowed on Current Accounts Dopouts received on terms which may be he
application.
on . TSULZURABARA, Manager
Hongkong, 1st May, 1913. [63€
Penang.
415
Kota Bahru, Kelantan.
Kuala Lumpur, F.M.8. Hongkong
Shangbai
ADENTS IN JAPAN
Mantra, JARDINE, MATHESON & Co., LID
BANTERS:
BANK OF BOI ˴N..
LONDON JOINT STOCK BANK, Ira. Every description of Barking Bod Exchange. business transacted, Stooka, And Share bought and sold on account of Constituenta.
Letters of Credit granted on Agents and Correspondents all over the world.
INTEREST allowed on Carrost Acosuhteit Fized Deposits at rates which may be 2 per cent, per annum on Daily Balanos and on ascertained on application.
A. R. LINTON, Manager, Hongkong, 20th May, 1915
HONGKONG SAVINGS BANK,
THE
1909
THE Business of the above Baul is con..
dusted by the HONGKONG AND SHANGHAI BANKING CORPORATION. Rules may be obtained on application.
INTEREST on deposits is allowed on the Minimum Monthly Balances at 3 per cent por annum,
Depositore may transfer. at their option bafarice $100 or more to the HONGKONG AND SHANGHAI BANK to be placed on FIXED DEPOST at 4 per cent. For an
܂
For the HoRGHONG AND SHANGHAI BANKING CORPORATION.
N. J. STABB,
Chief Mannger
119. Hongkong, 1st July, 1911. THE CHARTERED BANK OF INDIA LAUSTRALIA AND CHINA.
INCORPORATED BY ROTAL CHARTZ2, 1953. HEAD OFFICE-LONDON,
PAID JE CAPITAL
RESERYE FUND...
RESERVE LIABILITY OV
PROPRIETORS.
£1,200,000
€1,700,000
£1,200,000
FOREIGN EXCHANGE and General Banking business transnoted..
CURRENT ACCOUNTS opened and FIXED DEPOSITS rowived for 1 year or shorter poriods at Water which will be quoted on application.
A. 8. HEWETT,
Acting Manager Hongkong, 14th April, 1913. 7133 INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE: 60, Wall Street, New York LONDON OFFION: 36, Bishopsgate, E.C.
BRANCHES
Bombey Calcutta
Canton
Ceba
Colon
Empire
Hongkong
Hallow
NEDERLANDECH INDISCHE CAPITAL AND SUBPLUS
HANDELSBANK
Koba Manila
Mexico
Panama
Paking
San Francisco
Shanghal
Yokohama
$7,060,000
equs £1,450,000
NETHERLANDS INDIA COMMERCIAL BANK) EVERY DESCRIPTION OF BANILING
ESTABLISHED 1863.
Anthored Capital FL. 15,000,000 (£1.250,000) Paldog Capital FL 14,905,350 (£1,242,112) Reserve Fond FL. 6,022,161,27 (£418,513)
.....
HEAD OFFICE AMSTERDAM. HEAD AGENCY: BATAVIA,"
LONDON BANKERS:
THE WILLIAMS DEACONS BANE. SWISS BANKVEREIN,
DRANCHES AND AGENTS all over the World
THE BANK transacts every description of Banking and Exchange business, routes money on Current Account at the rate of 2 per cent. par Annum en Daily Balances. Rates on Fired Deposit can be ascertained on appliostics.
G. VERMEY, Manager, No. 8. Des Voeur Bond Central Hongkong, 23rd April, 1913.
BUSINESS transected... CURRENT ACCOUNTS opened on the mual.
terms.
DEPOSITS RECEIVED,
for one year at 4 per sent, per annum, or for shorter periods, at rates which may be ascer tained on application.
BILLS NEGOTIATED end COLLECTED MAIL TELEGRAPHIC REMIT
TANCES anda LETTERS OF CREDIT and DRAFTS granted on all the principal cities in The World. THE BANK'S CIRCULAR LETTERS OF CREDIT ure available all over the World, A COMMERCIAL LETTERS OF CREDIT
issaed,
PURCHASE and SALE of Stooke and
Shares afhoutal. TRAVELLERS CHECKS sold ana vishet
GEORGE HOGG, Manager. 3, Queen's Road,
Hongkong, 2nd November, 1912:
921