uller Falmert
The Were Marchery of the Last
INAPIER
JOHNSTONE'S
* SQUARE BOTTLE!”
WHISKY.
UNVARIED FOR OVER 150 YEARS.
THE SAME TO-DAY AS IN
1745.
BEWARE OF IMITATIONS.
SOLE AGENTS IN HONGKONG LANE CRAWFORD & CO.
and from Art WISE MERCHANTS.
(65
STOP! LOOK! LISTEN:
DACHS are Coming, and we have RAJUST UNPACKED for the Season:
EADIES'FASHIONABLE SILK NECK WEAR, Best Varied Selection over shown in Our Special Show Case
Finest Quality, Various Designs-Handker shiels, Latest Style Colours, Ninions, Nowos Styl Tweed and Showerproof Hats,
$0. &e...
Come Early before they are Sold Out.
HOOSAIN-ALI & Co.,
10, D'AGUILAR STREET, Hongkong, 26th November, 1913.
THE HONGKONG DAILY PRESS, MONDAY, FEBRUARY 2ND, 1914
COMPANY REPORT.
UNION WATERBOAT CO., LTD.
The annual report and statement of the Company's accounts made up to 31st December, 1613 reads as follows:
The net profits for the year ended 31st December, 1913, after allowing for con- sulting committee and auditor's. fées, amount to 804,744.63.
The general managers recommend the payment of a dividend of 12 per cent, which will absorb $34,653.76 write off $28,000 from the value of the waterbosta, $1,500 off investments, $400 from the value of pipes and staging, and carry forward a balance of 8100.88 to the new account.
Consulting Committee-Since the list. moeting Messrs. P. J. Bisschop and Duncas Clark have resigned, and Mcsere. J.Jonckheer and A. H. Skelton bev joined the committee:
Auditor:-The accounts under review have been audited by Mr. A. O'D. Gourdin
DODWELL & Co., LTD.,
General Managers, Hongkong, 28th January, 1914, -**
BALANCE SHEET 31ST DECEMBER, 1913,
Share Capital~~
JALITIES.
Authorised 30,000.
shares of $10 each. $500,000.00
Issued--27.723 shares of $10
e fully paid"
Sundry Creditors
Unclaimed Dividends
Special pairs Account Insurance Fund
Unused Launch Water Tickets.... Profit and Loss Account, Balance.
$277.230.00
6,672,77
1.391.80
11,956.18
15.000,00
214.20 04,744.63
$377,209.67
WM. POWELL
LTD.
TELEPHONE 346,
NEW STOCK
BLANKETS
ALL SIZES.
SOFT AND WARM.
ALL WOOL.
REASONABLE PRICES.
[627
THE
QUALITY AND DURABILITY
OF
THE
MOUTRIE
is BACKED
PIANO
GUARANTEE
for FIVE YEARS.
PRICES from $385.
MOUTRIE &
BANKS
BANKING
INTERNATIONAL
CORPORATION.
INDO-CHINA BRICKS. TILES, PIPES HAD OFFICE: 60. Wall Street, New York
COMPANY, LIMITED.
ARBETN
Wnterboats 媳线 er
Jast account Les amount writ
ten off
8205,697.15
25,007:15
$180,000.00
BEST FIRE BRICKS AND FIRE
CLAY
TILES.
Pipes and Staging as
per last account.... 8,000.00 Less amount writ-
ten off
400.00
Furniture
[37
Cash in Bank and in hand... Hongkong Bank Fixed Deposit. Hongkong Government Deposit. Shares
130,000.00 500.00
14,121.00
Sundry Debtors
7.740.12
Proportion of unexpired Licenses Stock of Hose, etc.
125.63 271.27
STUHR.
$377,209.67
PROPIT AND JO88 ACCOUNT FOR THE YESE. ENDING 318 Decesinen, 1913. Dr.
To Consulting Committee's Fees. 8. To Auditor's Esc
To: Balance
LONDON OFFICE: 36. Bishopsgate, E.C.
BRANCHES ;-
Bombay.
Kobe.
Calcutta
Manila.
Cantoo.
Mexico.
Cobu.
Panama.
Peking
Empire,
San Francisco.
Hongkong.
Shanghai.
Haukow
Yokohama.
Colon.
equal
TH
CO., LTD.
BANKS
(514
VEL CHARTERED BANK OF INDIA,
AUSTRALIA AND CHINA.
INCORPORATED PT ROTAL CHARTER, 1853. HEAD OFFICE-LONDON.
Faid-up Capital...
Reserve Fund
CURRENT
LI
£1,200,000 £1,700,000
A. 8. HEWETT,
Acting Manager:
[1494
BRAND
STUHR'S CAVIARE FILLETED ANCHOVIES.
ANCHOVY PASTE.
Sold by all High-Class Provízión Dealers;
G. F. STUHR & CO., Haenkung..
Indents through European Exporters only,
208
WHITELEYS
THE
LARGEST BRITISH STORE IN THE WORLD.
Hus rated General Catalogus (1,250 Pages) Mailed Free
WHITELEYSİ LONDON W
нед SPECIAL APPOINTMENT 30 31 THE KING
WAL WHITELEY LTD.
SANTAL MIDY
These tiny Capsules
superior
to Copaiba, Cubebs, and Injec tions CURE the same di-
seases as these drugs in FORTY-EIGHT HOURS
without inconvenience. Each Capsule bears the name.
Paris, 8, rue Vivienne. Sold by all Chemiste.
THE NEW FRENCH REMEDY. THERAPION No. 1 THERAPION No. 2
CURES DISCHARGES, ESTER, STOLT INOSA.
OURED BLOOD FOROS BAD LEGS, XX ERUPTIONS,
THERAPION No.
CORES CHRONIO WHANKKEESS, RAID, LOT VIGOR,&c. BOLD BY LEADING QURMISTE PICMIA MNGLAND, 20. BAND STAKE ¿DURBĖS ENVELOJE JÖN FREE 2 La Class Ms. Co. HaveAstor BD. Hamrsinan, London, PRY NEW DRAGEN (KARTELU95) PORK OF
THERAPION
A GURE FOR YOU
RAKE IS TAXT LATE AND LASTING CURR
33. THẤT. SEAD WA KO WORD "IETAVICO LÀ ĐI ELIT. GOTS, BEAMT AFFIXED TO ALL, GENUINE PARKIES. INSIST ON HAVING TEERAPION
[175
1-481
7:000.00 116.00 126,795.65
600.00 100.00 64,744.69
$66,444.69
PACENTED ROOZATE
Guaranteed against Typhoon and Leakage.
MORE THAN TEN MILLIONS IN USE IN THE FAR EAST. SAMPLES AND FULL PARTICULARS FROM
P. SOFFIETTI & Co., 14, DES VEUX ROAD. TEL. 289. ALWAYS IN STOCK.
China. Supposing that we contract a big loan and that we put the borrowed money on the foreign market for the purpose of lovelling the rate of exchange, what will happen to us? It is most probable that! wo will experience the injury of the deal before there is hope of profit therefrom. We can easily balance, perhaps, the rate
By Balance frem last account.... 8 67.99 of one country where the borrowed money
By Interest
By Dividends on shares
4,430.97 1,967.30 50.00
is circulated, but it is impossible to con- trol the exchange rate in the other coun tries." Although the gold exchange By Front on Trading for the year 58,980.03 standard is good-in its way, it is most
By Transfer Fees:
$85,444.63
DODWELL & Co., LTD.,
General Managers. I report that I bare nudited the above balance sheet with the books and vouchers of the Company in Hongkong and that in my opinion such balance sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs at the 31st December, 1918. according to the best of my information and the explanations given and as shown by the books of the Company. I have oleind all the information and explanations I have required.
A. OD. GoUROIN, Auditor. Hongkong, 28th January, 1914.
CHINA'S NEW CURRENCY LAW.
WHY THE SILVER STANDARD IS ADOPTED.
In the new Law for a national currency which has just been published the follow ing reasons are given for the adoption of the silver standard
difficult to be carried out. The bi-metallic, gold-exchange and gold standards are not suitable to the needs of China; the only one that is left is the silver standard. If we consider the tendency of the world, we believe that the tilver standard cannot be long used without being injurious to the country, but a bad currency standard is better. than none at all. What distresses China 1st at present is the lack of standard. Rather than dreaming of a good standard, which the finance of the country does not
allow
us to haw, thereby delaying currency reform with no benefit to the country, it is better to pick up a standard that can easily be carried out, in order to reform the currency.
We use the easy standard as a ferry-boat, so to speak The period for the use of the silver standard should be made as short as possible. Although the Government is going to adopt the silver standard, it is paying constant attention to the conver the gold standard. sion plan regarding the conversion into. In drawing up the currency law, and the regulations for the banks, we have had this in view.
TO LET
TO LET.
ERION, No. 9 and 10, PEAK, Unfurnish
ed. 6 Rooms. Cheap rental, from Is. December, 1913, Nexly Painted and Colour
In reforming the currency system, the most important step is to select a definite standard. There are four standards in all, namely, bi-metallic standar 1, gold standard, gold exchange standard and silver standard As to the bi-metallic standard, it is not suitable to China. Countries in Europe and America have experimented with it several times, and found it unworkable. This can serve as a warning to us and therefore the adoption of a bi-metallic standard for China is out of the question. As to the gold stan- dard, we all know that it is
a good standard, but China cannot adopt it first because the amount of gold in China is not enough to make gold coins for circulation. If we buy gold from abroad, great expense will be involved. To Let, Furnished, for one year, from 1st May Should we purchase foreign gold, what 1914, are we going to do with the large amount,
washed,
ONE SMALL, GODOWN in Dadde
Street.
No. 3, THE ALBANY, Robinson Road, No. 19, SHELLEY STREET. "KELLETT CREST," No. 66, THE PEAR from 1st March, 1914, Partly Furnished.
No. 5, CAMERON VILLAS, No. 59, PZAK
{1049-2
TO LET
TO LET RST FLOOR of No. 4. DES VEUX BOADCENTRAL, suitable for Offices Occupation from let March nest.
Apply to
DAVID SASSOON & CO., LTD.
[167: Hongkong, 14th January, 1914.
TO LET. URNISHED, for Serer Months from the 1st week in March, 1914, No. 6, TH
Apply to
DR. G. M. HARSTON. Hongkong, 31st December, 1913.
PEAR
TO LET
CAPITAL AND SURPLUS Gold $7,000,000 £1,490,000 EVERY DESCRIPTION OF BANKING
BUSINESS transacted. CURRENT ACCOUNTS opened on the usual
terms.
DEPOSITS RECEIVED, fired for one year at 4 per cont. per annum or for shorter perioda, at rates which may be ascertained on application. BILLS NEGOTIATED and COLLECTED. MAIL
TELEGRAPHIC REMIT TANCES made. LETTERS OF CREDIT and DRAFTS granted on all the principal cition in the World.
and
THE BANK'S CIRCULAR LETTERS OF
CREDIT are available all over the World.
COMMERCIAL LETTERS OF CREDIT
issued. PURCHASE and SALE of
Shares effected. TRAVELLERS' CHECKS sold and cashed
GEORGE HOGG, Manager.
9, Queen's Road,
Hongkong, 21st October, 1913.
[119
T
OUR-ROOMED HOUSES in Granvil
Avenue and Salisbury Avenue, Kowloon Cheap rentals,
SHOP with GGDOWN attached, Nathan Read, Kowloon. Kowloon Marine Lot No. 18. with Wharf.
A FLAT is Humphreys Buildings. Apply to
Reserve Liability of Proprietors £1,200,000
FOREIGN EXCHANGE and General
Banking business transacted.
ACCOUNTS opened and FIXED DEPOSIT received for 1 year or shorter periods at rates which will be quoted en application.
Hongkong. 14th April, 1013..
THE
SPECIE
У ОКОНАМА LIMITED
Authorised Capital ... Paid-up Capital.... Reserve Fund
BANK,
Yen 48,000,000
30.000.000
IF
18,550,000
**
HEAD OFFICE-YOKOHAMA. Branches and Agencies at
Liao-Yang Ryojun
Anfang-Hsin
Calcutta Bombay
Londoa
(Port Arthur) San Francisco
Los Angeles Shanghai
Lyons Tiebling
Feuglion (Makden) Nagasaki Tientsin
Changchua
Dairen (Dainy)
Stocks and
Hankow
Harbin
Honolulu
Kobe
[190
HE BANK OF TAIWAN, LIMITED.
(INCORPORATED BY SPECIAL IMPERIAL CHARTER).
Capital...
Nowohwang Tokyo
Now Tork Osaka
Peking
INTEREST ALLOWED ON CURRENT ACCOUNTS. Deposits received for fixed periods at rates
EISHI ONG, Manager. Hongkong, 30th September, 1913.
to be obtained on application.
TH
THE
Yen 10,000,000.
8,450,000 2,620,000
Capital Subscribed (paid up), Reserve Fund
HEAD OFFICE TAIPER, FORMOSA
Kobe Canton Nagamki Takyo
Yokohama
Amoy
BRANCHES AND AGENCIES !
Swatow
*Tainan
Anping
Tamsul
HUMPHREYS ESTATE & FINANCE
Co., LTD.,. Alxandra Buildinga. Hongkong, 30th January, 1914.
Foochow Osaka
Keelung Shangbai
(139
HONGKONG OFFICE,
TO LET OR FOR SALE:
MODOWNS at 98, 934, 99 and 99A, Praya
Enst Apply to
HONGKONG, CANTON & MACAO STEAMBOAT. Co., LT,
Hotel Mansions, Hongkong, 4th September, 1919,
TO LET.
3. DES Vecx Roan. Intereat allowed on Current Accounts, Deposits received on terms which may be. had on application.
K TSUDZURABARA, Manager. Hongkong, 1st May, 1913.
[1272
149
HONGKONG
No. 1, “DURBAR VILLAS," Kowloon.
Apply to ANI
SPANISH DOMINICAN PROCURATION. Hongkong, 3rd January, 1914, [ 22 TO LET.
CHOP, No. 12, Queen's Road Coutral.
No. 9, MOUNTAIN VIEW; PEAK. 2, FATRVIEW, Nathan Road, Kowloon..
Apply to
M. J. D. STEPHENS. Hongkong, 11th Deesmber, 1913.
1 CAMERON VILLAS, No. 60, PEARS
of silver now on the market, which will To Lot, Furnished, for 1 year from last May cause a great padle in the financial worldi
ROGATE, Austin
if the utmount is not well disposed of. Unfurnished. Secondly, because it is the temperament
Road, Kowloon
"i
No. 68. PEAK, MOUNT KELLETT
of the Chinese people to horde up every-(Church Mission Society Bungalow), From thing which they can lay their hands 18 October, 1913, till 30th May, 1914 upon Those who see gold coins which Partly Furnished. Cheap rent.
are attractive will keep them if they are
financially able to do so. They will prob- ably hide thera somewhere. The coins are
FOR SALE.
"GLENSHIEL,"
AND
SHANGHAI
BANKING CORPORATION.
Paid-up Capital Reserve Funds -
Sterling
$15,000,000
£1,500,000 at 2! -$15,000,000 Silver...
$17,000,000
$32,150,000 Reserve Liability of Proprietors $15,000,000
ܪ܂
COUET OF DIRECTORS.
S. H. DODWELL, Esq.-Chairmão.
Hou. Mr. D. LANDALE-Deputy Chairman.
G. Friesland, Esq.
WL. Pattenden, Esq. ILA. Sioba, Esq. Hon. Mr. E. Shellim.
J. A. Plummer, Esq.
B. Goetz, Esq.
[E7
C. S. Gubbay, Ess P. H Holycak, Esq.
C. Landgraf, Esq.
TO LET
FFICES, ROOMS, and GODOWNS, on 124, Barker Road Send Floor, No. 14, Das. Voeux Road Central, the Premises now oconpied by The South China Morning Post, Limited.
Possession, 1st May, 1914, or earlier.. FLATS, WILD DELL" Wanchai Road. "HOMESTEAD," No. 45, Peak. Immediate
the medium of exchange, and when they 5 ROOMS, close to Team Station. are thus stored up, the result will be great inconvenience to the public.
For these
FOR SALE.
3rd Floor, Alexandra Buildings, Hongkong, 12th January, 1914.
TO LET.
*HARTING and ROGATE,” on part of various reasons, though knowing that the gold standard is a good one, we believe Kowloon Inland Lot No. 1154. that it is not wise to adopt it abruptly. Apply to LINSTEAD & DAVIS, With regard to the gold exchange standard, it is usually adopted in the countries where gold is scarce for the purpose of levelling the rate of foreign exchange. It serves its purpose, and such a standard is adopted only in the colorite where it proves useful. The reason is that the colony can always look up to the mother country for relief in time of need. The condition in our country is quite différent, and thus there can be no com parison formed between a colony, and
ALTA, MOUNT KELLETT (65, THE PEAK), for 6 or 7 months from April 15th, 1914, Fully Furnished. SIX ROOMS,Electric Light throughout, Croquet Lawn
Apply fo
W. D. GRAHAM, 65, The Peak. Hongkong, 19th December, 1913. [117
possession.
Apply to
SANG KEEWA Care of COMPRADORE DEPARTMENT,
Hongkong and Shanghai Bank. Hongkong, 28th October, 1918,
TO LET.
FFICES in King's Building.
OF
60
AP HONGKONG LAND INVEST,
MENT & AGENCY CO., LTD Hongkong, 1st February, 1914.
15€
CHIEF MANADER: Hongkong-N. J. Srann.
MANAGER: Shanghai A. G. STEPHEN.
LONDON BANEERS: LONDON COUNTY AND WESTMINISTER. BANK LIMITED.
HONGKONG INTEREST ALLOWED.
On Current Account at the rate of Two per cent. per annum on the Daily Balance. UN FIXED DEPOSITS.
For
3 months, 2 per cent. por Annum For 6 months, 8 percent. per Annum For 12 months, 4 per cent, per Annum
N. J. STABB,
Chief Mausger. Hongkong 9th January, 1914,
15
[404.
DANK OF
£1,500,000
MERCANTILE
INDIA, LIMITED.
Authorised Capital
Sulwaibed
Paid-up
Reserve Fund
BANKERS: Bank or EyeLAND, ard
1,125,000
562,500
415,000
LONDON JOINT STOUT BANK, LIMITED..
INTEREST allowed on Current Account at 2 per cent, per annum on Daily Balance and on Fixed Deposits at rates which may be ascertained on application,
A. R LINTON, Manager Hongkong, 14th July, 1913.
1788
HONGKONG SAVINGS BANK.
THE
THE Business of the abero Bank is con ducted by the HONGKONG AND SHANGHAI BANKING CORPORATION. Rules may be obtained on application,
INTEREST on deposits is allowed on the Minimum Mortaly Balances at à por cont. per annum
Depositors may transfer at their option balances of $100 or more to the HONGKONG AND SHANGHAI BANK to be placed on FIXED DEPOSIT at 4 per cont. per annum,
For the HONGKONG AND SHANOKAI
BARKING CORPORATION,
N. J. STABB,
Chief Manager. (16
Hongkong 1st July, 1911
EDERLANDSCH-INDISCH
HANDELSBANK.
(NETHERLANDS INDIA COMMERCIAL BANE.)
ESTABLISHED 1863.
Authorized Capital F1. 20,000,000 (£2,500,000) Paid-up Capital... F1, 17,407,000 (£1,450,589) Reserve Fund. Fl. 6,518,000 (£843,168)
HRA OUITOE: AMSTERDAM. HD AGENCY: BATAVIA
LONDON BANKERS: THE WILLIAMS DEACONS BANK. SWIBB BANKVEREIN,
The Bank transacts every description of Banking and Exchange business, receives money on Current Account and on Fixed Deposit at rates which may be ascertaine] on application.
G. VERMEY, Manager, No. 8, Das Vox Road Central, Hongkong, 3rd October, 1913.
[21