INTIMATIONS
NEW YEAR
GOODS.
COMPANY MEETING.
THE HONGKONG DAILY PRESS, THURSDAY, JANUARY 18, 1914.
PENINSULAR AND ORIENTAL STEAM NAVIGATION CO.
IMMENRE SCOPE" OF THE COMPANY'S WORK,
The annual general meeting of the Peninsular and Oriental Steam Naviga- tion Company was held on December 10th at the head office, Leadenhall-stroct. under the presidency of Sir Thomas
Sutherland, G.C.M.G., LLD.. the
Chairman.
The Secretary (Mr. Froderick John Abbott) having read the notice convening the meeting,
The CHAIRMAN, who was warmly reteived, said:Ladies and Gentlemen,-I presume You will take the report as read -("Agreed")-and therefore it now becomes my pleasing duty once more to move its adoption. I think the accounts which we place before you to-day are, upon the whole, the best we have been able to submit since the years of the South African transport work.
I may
OUR CONFIDENCE JUSTIFIED.say that we have had no exceptional luck
We undertake to refund the Cost of any Article if any of our Customers ara not satisfied,
o wo know how oxcellent our Goods are
Bach an offor could not be made if there was the slightest doubt about, our Goods. All we
ask is your inspection.
H.
KUTTONJEE
& SON,
WINE AND PROVISION MERCHANTS.
[31
THE DAIRY FARM Co., Lan.
PURE, RICH AND WHOLESOME
MILK
Straight as it comes from the Cow,
The Company's Farms, Utensila and Methods are Models of Cleanliness and, in these particulars, are probably unsurpassed. in the World..
peter) 1 162 2 2 pazara a casan A
MARTIN'S
&STEEL
A French Kanundy Zor all Irangalarttiss Thousands of Lachon sinaya krop • box of Barca ta jo huden, as thation the firs algo of any fameularity of tra vaatana na
una kiomber
then, bee white
chair: moudala, All Chvenista quia Stormsveit thom thuonghuak the World, we just Iron Be MARTIN, Cherplak, Bouthoxy$40, Ext.
timely diaS KENT AND Kulated.
MARTIN'S ±
PIOL STEEL
THE NEW FRENCH REMEDY, Not NOT NOG
THERAPION leader
BLOCO POISON, KIDUNT, IKADDER, URINARY DISKASES. DISCHARGES, WEAKNESS, PILES, SENDSTANT ADDRESS ENVELOPE FOR
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THERAPION
[28
SAYK AND
JETING CURE 175
JUE THẤT TRADE MANEID WORD "THERAPIOH" 15 OR REN, GOVT. STAMPARFLAGE TO ALL GENUINE FACESID
TO LET
TO LET.
in the present year, we have had nothing our service, but we have had, upproaching to a fluke in connection with the whole, a very brisk trade, and our expert trade especially has been of the most aatisfactory character to dil parts of the East. (Hear hear.) The net result of our accounts is explained in a very few words. We pay the same dividend as last year, we write off £459,918 as normal depreciation of our fleet, and we carry to a new contingent fund the handsome sum of £200,000. On that subject I shall have a few words to say a little further
.on,
THE FLEET THE COMPANY'S FINANCIAL POLICY. Now, if you will turn to our balanes- slicet, the most special item which appears is that of the addition of 35,941 tens of new tonnage. The book value of the fleet up to that point works out at £7 13s. por ton, but, if we allow for those cash reserves to which I have had to call your attention very often, the actual value of the flect is only £3 78. 3d. per ton. (Cheers.) As this fleet up to that point oost in round figures £10,000,000-or, to be perfectly and absolutely exact, €9,994,524-it will be seen at once that the Company's financial policy has been worked for many years on sound lines. (Cheers,) When the ships which are now being built are completed the original cost of the fleet. will amount, I believe, to npwards of £12,000,000 certainly, an important figure for a modest Company like our own-(laughter) and a figure very gratifying to old shareholders, like many of those gentlemen I now see before me, who remember the fleet and the finances of former days, (Hear, hear.) We have, as I have just said, still a considerable programme of shipbuilding going on. During the last 18 monthe we have contracted altogether for 115,000 tons at a cost of £2,200,000, of which wo have paid off up to the present time about one million and a quarter, but the balance to be paid causes us no particular alarm, because, as you may foresee, we have what we may call "an old stocking," which is well lined and which enables as to say that we have resources enough to meet all future demands on the Com pany whether in connection with our public service, in connection with the tarrying out of the mail contract, or in relation to those purely commercial requirements which become every day of
more extensive character.
We may venture to say to-day that it is not the mail contract which keeps the Company, but the general trade of the Company which keeps the mail contruct.
THE STRIKE ON OFFICERS.
and.
I now turn to one or two points of general interest before I deal with any further figures. The strike of our officers in October last, is an ugly subject which I should be glad to pass by. but my silence might be misconstrued. I have been Chairman of this board, as you know, for many years, and every week I have before me a statement of the move ments of all our officers, engineers, and our general and marine staff; speaking on my bonour, I cannot recall at this moment a single case of un oficer leaving this Company's service to better his position in any other Steamship Company (Hear, hear.) The inference is abundantly clear-that we have been paying at least as good wages as men of the same rank have received in other companies, and tbere
perkape collateral advantages in our service which were not general elsewhere.
(Hear, bear.) For instance, the Company have contributed for 60
years to a life assurance and superannuation scheme for all their employees, both ashore and afloat, which has been an immense boon to their families for at least half a
were
MERION, Jard Ralf century; and, as a board, estate a
ERION, Nos. and 10, PRAX, Unfurnish.
December, Newly Painted and Colourwashod.
ONE SMALL GODOWN in Duddell Street
No. 19, SHELLEY STRÉET.
WM. POWELL NEW VICTOR RECORDS
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TELEPHONE 146,
GENTLEMEN'S OUTFITTERS.
"GLYN'S "
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HERE ARE TWO LEADING
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* [627
INDO-CHINA PORTLAND CEMENT COMPANY, LTD.
FAMOUS
DRAGON
BRAND
CEMENT
PORTLAND
PORTLAND
H
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AND
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RECEIVED
BY
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(629
BANKS
BANKS
AUSTRALIA AND CHINA.
THE CHARTERED BANK OF INDIA, THE BANK OF TAIWAN, LIMITED,
(INCORPORATED BY SPECIAL IMPERIAL CHARTER).
INCORPORATED BY ROYAL CHAnter, 1859. HEAD OFFICE-LONDON.
Paid-up Capital...
... £1,200,000 Reserve Fund
£1,700,000 Reserve Liability of Proprietors £1,200,000
FOREIGN EXCHANGE and General Banking business transected.
QURRENT
**་
Capital... Capital Subsoribed (paid up), Reserve Fund
Yen 10,000,000
6,250,000
2,620,000
HHAD OFFICE: TAIPER, FORMOSA.
BRANCHES AND AGENCIES:
Amey
Swałow
Tainan
Anping
Koba
Tamaai
Cauton
Nagasaki
Tokyo
Foochow Овака
Yokobama
Keelang
Shanghai
[1494
ACCOUNTS opated and FIXED DEPOSIT received for 1 year or shorter periods at rates which will be quoted
A. 8. HEWETT
Acting Manager Hongkong, 14th April, 1913.
BUILDING en application.
ALWAYS IN STOCK :
CEMENT
Apply to I. SOFFIETTI & Co., 14, Des Vour Roul Cental, 1st Floor.. Telephone 289.
THE
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1049.1
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W
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FROM
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credit for the fact that no old servant with a good record has retired from the believe I am right in adding that we have Company without receiving a pension of now more Naval Reserve officers in our some kind to which he had made no con- service than there are in any other "KELLETT CREST," No. 66, THE PEAx,tribution whatever, other than that of individual Company. (Hear, hear.)
from 1st March, 1914, Partly Furnished.
No. 6, CAMERON VILLAS, No. 59, PEAK, Te Let, Furnished, for one year, from let May
1914,
1, CAMERON VILLAS, No. 60, PEAK, To Let, Furnished, for 1 year from 1st May.
"ROGATE," Austin Road, Kowloon Unfurnished.·
No. 68, PEAK, MOUNT KELLETT (Church Mission Society Bangalow), from 1st October, 1913, till 30th May, 1914 Partly Furnished. Cheap rent.
FOR SALE OR TO LET. (From 1st Noveniber; 1913.)
No. 1, GOUGH HILL, No. 109. PEAK. Bungalow, containing Drawing, Dining and Smoking Rooms and Fire Bedrooms With Ground for Tennis Court.
FOR SALE.
previous good service. We have reason
to know that such gratuitous retirin
FOR
NERVOUS EXHAUSTION
LOSS
of
name
MEMORY
and DEBILITY
und
to
fean the
NERVES
THE MAIN OBJECT OF THE STRIKE. companies, although they may have in was an increase of wages, and this claim allowances have not been general in other Of course, the main object of the strike
companies. commenced | Some,
quite really rested on the recent afiuence of the recently. As some very sharp criticism cargo carrying trade rather than on the was meted out to the Company in this profits of companies like ours, for we and strike crisis, it is only right that I should. other companies which I could. make these facts quite clear.
(Hear, earned larger profits during the South licur.)
African war than we have ever done I need hardly say that, we are very
since; but there was no strike then, and familiar indeed with workmen on daily the officers would have scouted the idea wages throwing down their tools with or of the methods of. to-day. (Hear, hear.) without good reason; but when officers But-in the position in which the Com and gentlemen adopt these trade unionist pany was thus placed there was only one their colleagues who were apposed to their were quite anited in opinion that the tactics, even to the extent of threatening thing to do, and my colleagues and I action, and leave their ships at the strike tnust be dealt with in a conciliatory busiest period of the year, we then find way, and, as far as possible, even in a that we have entered en 巍 new age generous spirit. We were also unanimous altogether. This strike was, indeed, a
in resolving that any boon granted to "HARTING and ROGATE," on part of Painful example of nutre temps, autres Officers should in the first instance be McLurs On one subject our officers had extended to commanders, to whom we some reason to complain that promotion look not only for the safety of our ships, had become slower than was formerly the but also for the reputation of the Com. case; hut the great anxiety of most of pany wherever our Bag may be found. our officers to train for the Royal Naval The settlement effected will undoubtedly Reserve was largely accountable for this cost the Company a considerable sum state of things, as in order to give these annually, and I imagine that it fixes the gentlemen the long leave necessary for wages of our service considerably abore naval training and at the same time, to the level of other lines in the Eastern keep their promotion going on in the trade, at all events; but the imperative and we are naturally anxious as to the Company's list we had to maintain a with his Majesty's mail service-which
obligation thrown upon us in connection future. In this connection I may remind additional staff of officers, thus blocking
you that it is only four or five years ago rather seriously the avenue of promotion the strikers had, of course, foreseen-left that the ports of the United Kingdom We are now removing this obstacle by us no option but to put an end to an swarmed with ships which could not be retiring commanders and chief engineers impossible situation. Gentlemen, as you sent to sea except at a heavy loss to their at an earlier date than hitherto, but I know, our expenditure grows on all sides.
(Continued on Page 6.)
Kowloon Inland Lot No. 1154.
App to LINSTEAD & DAVIS,
Buildings
[64
3rd Floor, Alexandrs Buildings. Hongkong, 1st January, 1914.
TO LET.
FFICES in King's Building,
OFFICE
No. 153, PRAYA EAST, ^
Apply
THE HONGKONG LAND INVEST. MENT & AGENCY Co., LAD Hongkong, 1st January, 1914,
L65
CHAPOTEAUT'S PHOSPHO-CLYCERATE OF LIME
It increases vital energy end' nerve force, cures Neurasthenia, Dyspepsia, Insomnia, and nervous diseases in adults and children.
IN CAPSULES, IN WIRE, AND IN SYBUP
123-4]
THE OKOHAMA SPECIE
LIMITED.
HONGKONG OFFICE,
3. Dza Vaux ROAD.
Interest allowed on Current Accounts.
BANK, Deposits received on terms which may be
had on application:
Authorised Capital ... Yan 48,000,000
Paid-up Capital.....
Raserye Fund
30,000,000
* 18,550,000
HEAD OFFICE-YOROBAMA. Branches and Agencies at
Liao-Yang Ryojan
Antang-Hsin
Calcatta
Bombay
Changchun
Dairen (Dalny)
London
(Port Arthur) San Francisco
Los Angeles Shanghai
Lyons Tiehling
Fong tien (Mukden) Nagasaki Tientsin
Hankow
Harbin
Honolulu
Кова
Newchwang Tokyo
New York
Osaka
Peking
INTEREST ALLOWED ON CURRENT ACCOUNT). Deposits received frz fixed periods at rates to be obtained on application.
FISHI ONO, Manager. Hongkong, 30th September, 1913.
[484
THE MERCANTILE BANK он
T
INDIA, LIMITED.
Authorised Capital
Subscribed
Paid-up Reserve Fund
BANEIRO:
BANK OF ENGLAND, and
...£1,500,000
1,125,000
562,500
415.000
LONDON JOINT STOOK BANK, LIMITED.
INTEREST allowed on Current Account at 2 por cont. per annum on Daily Balance and on Fixed Deposits at rates which may be ascertained on application.
A. R. LINTON, Manager.
Hongkong, 14th July, 1983.
[878
HONGKONG SAVINGS BANK.
THE Business of the above Bank is con- ducted by the HONGKONG AND SHANGHAI BANKING CORPORATION Bules may be obtained on application.
INTEREST on deposits is allowed on the Minimum Monthly Balances at 3 per cent.
per annum.
Depositors may transfer at their option balances of $100 or more to the HosGKONG AND SHANGHAI BANK to be placed on FIXED DEPOSIT at 4 per cent. per annum.
For the HONGKONG AND SHangriar
BANKING COBIORATION,
Chief Manager.
N. J. STABB,
Hongkong, 1st July, 1911.
N
(19
EDERLANDSCH-INDISCH
HANDELSBANK.
(NETULANUS India Comsumcial Bang.)
Established 1863-
K. TSUDZURABARA, Manager.
Hongkong, 1st May, 1913.
HONGKONG
(1272
AND
SHANGHAI
BANKING CORPORATION,
Paid-up Capital
$15,000,000
Reserve Funds:--
Sterling
£1,500,000 at 2/--$15,000,000.
Silver...
$17,450,000
$32,450,000
Reserve Liability of Proprietors $15,000,000
COUBT OF DIRECTORS.
8. H. DODWELL, Esq.,-Chairman. Hon. Mr. D. LANDALE-Deputy Chairman. G. Friesland, Esq. J. A. Plummer, Blaq. E. Goetz, Esq.
W. L. Patteiden, Eng.
C. S. Gubbay, Esq. P. H. Holyoak, Esq.
G. B. Lanrenz, Esq.
H, A. Siebs, Esq.
Hon. Mr. E. Shollim,
CHIEF MANAGER: Hongkong-N. J. Brazo,
MANAGER!
Shanghai-A. G. STEFUEN.
LONDON BANKERS:
LONDON COUNTY AND WESTMINISTER BANK, LIMITED.
HONGKONG-INTEREST ALLOWED.
On Current Account at the rate of Two per cent, por annum on the Daily Balance. ON FIXED DEPOSITA. For 3 months, 2 per cent. per Annum. 6 months, 3 per cent. per Annum. For 12 months, 4 per cent. per Annum
N. J. STABB.
Chief Manager.
For
Hongkong, 13th October, 1913.
TNTERNATIONAL
且
CORPORATION.
BANKING
(18
HEAD OFFICE: 60, Wall Street, New York, LONDON OFFICE: 36, Bishopsgate, B.C.
BRANCHES:--
Bombay. Calcutta.
Canton.
Cebu,
Kabe.
Manila.
Mexico.
Panama.
Color. Empire.
Peking
Ean Francisco.
Hongkong Hankow.
Shanghai. Yokohama.
CAPITAL AND SURPLUS Gold 87,200,000
equa? £1,480,000* EVERY DESCRIPTION OF DANKING
BUSINESS transacted. CURRENT ACCOUNTS opened on the usual
Authorised Capital Fl. 30,000,000 (£2,500,000) Paid-up Capital...FI 17,407,000 (£1.460.589) BILLS Reserve Fund ..... Fl. 6,518,000 (£545,160) | MAIL-
HEAD OFFICE: AMSTERDAM. HEAD AGENCY: BATAVIA
LONDON BANKERS:
THE WILLIAMA DEACONS BANK. SWISS BANKVESKIN.
The Bank transacts every description of Banking and Exchange business, receiver morey on Current Account and on Fixed Deposit at rates which may be ascertained on applicatian.
G. VERMEY, Manager, No. 8, Des Vous Road Central. Hongkong, 3rd October, 1913. [21
terma
and
DEPOSITS RECEIVED, fixed for one year at 4 per cent. per annum or for shorter periods, at rates which may be ascertained on application. NEGOTIATED and COLLECTED. and TELEGRAPHIC REMIT- TANCES mado. LETTERS OF CREDIT
DRAFTE granted on all the principal cities in the-World. THE BANK'S CIRCULAR LETTERS OF CREDIT are available all over the World. COMMERCIAL LETTERS OF CREDIT
issued: PURCHASE and SALE of Stocks and
Shares effected. TRAVELLERS' CHECKS sold and cashed,
GEORGE HOGG, Manager.
9, Queen's Road,
Hongkong, 21st October, 1913.
[1230