Jamers
Ware fienchony of the last
NAPIER JOHNSTONE'S
SQUARE BOTTLE!!
WHISKY.
UNVARIED FOR OVER 150 YEARS.
THE HONGKONG DAILY PRESS, TUESDAY, MARCH
THE HONGKONG COTTON SPINNING, WEAVING &
DYEING CO., LTD.
PROPOSED TRANSFER TO SHANGHAI
The following circular has been issued to shareholders in the local cotton mill:- As foreshadowed in the Chairman's aponch at the annual meeting of share holders hold on the 3rd October, 1918 (an extract from which is enclosed), your Gonorat danagers with the approval of the Consulting Committee now recom- mend that the mill be transferred to Shanghai.
It is proposed (subject to any medi fivations which may be thought advisable to comply with legal requirements) to form a now Company in Shanghai under the management of Mesars. Jardine, Matheson & Co., Ltd., to take over, and work your machinery in conjunction with
THE SAME TO-DAY AS IN the Yangterepoo Mill belonging to Messrs.
1745.
BEWARE OF IMITATIONS.
SOLE AGENTS IN HONGKONG
LANE CRAWFORD & CO.
sod from ALL WIN MERCHANTE.
[63
GRIMAULT'S
SYRUP
OF
HYPOPHOSPHITE OF LIME
FOR®
STUBBORN COUGHS
BRONCHITIS
WEAK LUNGS
CATARRH
Jardine, Matheson & Co., Ltd., the machinery of which was purchased from you in 1918
The new Company will be called the Yangtzepour. Cotton Mill, Ltd., and will have a capital of Shanghai Tis: 1,500,000 divided into 200,000 ordinary shares of Tin. beach-Tls. 1,000,000, and 6,000 7 per cent. cumulative proference shares of Tis, 100 each Tia 500,000
The ordinary shares will be appro printed as follows
425,000
Present shareholders in the Hongkong Mill to receive one ordinary share of Tis. & in the new Company for each share in the Hongkong "Mill, e.. - 125,000 shares Jardino, Matheson & Co., Ltd., to receive 50,000 ordinary shares of Ts: 5 each in the now Company for the Yang- toscpoo Mill 25,000 ordinary shares of Tis, 5 each to be mued to the public. (shareholders in the Hongkong Cotton Spinning, Weaving & Dyeing Co., Ltd., to receive a preference in allotment). 125,000
250.000
Ths. 1,000,000
The 5,000 7 per cent cumulativo pre ference shares of Tls. 100 each to be offered to the public (shareholders in the Hong- kong Cotton Spinning, Weaving & Dyeing Co., Ltd., to receive a preference in allot ment), but Messrs. Jardine, Matheson & Co., Ltd., will agree to take up such of the cumulative preferences shares as are not applied for: Membres de
The prospectus of the new Company will contain a statement from a firm of
CONSUMPTION Chartered Accountants certifying to the
MEN-OF-WAR ON THE CHINA AND JAPAN STATION,
BRITISH,
Alserity, despatch-boat, 1,700 tona, 4 guns, 2000
h.p, Comdr. A. Cochrane, Hongkong. Atlas, admiralty tug, 615 tom, 1,400 1h.p.,
Hongkong.
Brukost, 710 tons, 900 1.b.n., Lieut.
Comdr. B. E Prichard, Tangtse. Britamart, genbost, 710 tons, 900 hp, Lieut.- * Comdr. W. H. Darwall. Yangice.
Cadmus, British tloop, 1,070 tons, i.hp.,. 1,400 fd, Captalo Hugh P. E. T. Williams, Yaugtas.
Cherab, water tank and tng, 390 tons, 340 h.p..
Hongkong
Clio, British alosy, 1070 tons, 1,400 ihp,
Comdr. Mackensie, Yangtae.
Caine, T.B D., 550 tons, guns 4-12 pr. i.h.p,
7,500 Id. Llost Comdr. C. M. Blackma (temp.), Bongkong. Cholmer, T.B.D., 562 fons, cans 4.12 pr. i.b.p., 7,500 £d, Lient. II, T. England, Hongkong, Faize, T.BD; Lt.-Comer. A. J. Mallett (temp.)
Hongkong.
kong Kinsho, 616 tons, 1,200 i.b.p., Lient. Comdr. ***H. Marryatt, Yangtae. Merlin, surveying ship, 1,070 tons, 6 guns, **** 1,300 i L.p., Lieut. F. J. B. Gibson, Hong Minste armoured cruiser (flarship Vice Minotaur,
book value of Messta Jardine, Matheson & Co., Ltd.'s Yangtezopoo Mill, for which they are prepared to accept 50,000 ordinary shares
M. Ltd., will be utilized as follows:
The capital of the Yangtzepoo Cotton
Shares to be issued to share
holders of the Hongkong Cotton Mill for 45,696 spindles and accompanying equipment 625,000 Cost of Land and Buildings adjoining the Yangterepoo Mill in Shanghai to be taken over from Mesars. Jardine, Matheson & Co., Ltd.
161,000 Cost of new Buildings (estimated) 180,000 Cast of erecting 46,695 spindles
and accompanying equipment, and effecting improvements (estimated).......
Contingencies, say
Shares to be issued to Jardine, Matheson & Co., Ltd., for their Yangtesapoo Mill Working Capitel
46,000
40,000
250,000 190,000
Tis 1,500,000
In 1914
WM. POWELL. S. Moutrie & Co., Ltd.
ROLL
TOP
DESKS,
LTD.
TELEPHONE 346,
OFFICE
FITTINGS
PIANOS
FILING
CABINETS.
SPECIALISTS IN FILING SYSTEMS.
VERTICAL SECTIONAL
LETTER
FILES.
TYPEWRITER SECTIONAL
DESKS.
CARD
INDEX
DRAWERS.
REVOLVING AND TILTING CHAIRS,
ENQUIRIES INVITED.
ON
HIRE
At $10 Per MONTH.
TUNING AND REGULAR ATTENTION INCLUSIVE.
BANKS
(51-3
BANKS
[697
У ОКОНАМА SPECIE
BANK,
INTERNATIONAL
BANKING
INDO-CHINA PORTLAND CEMENT COMPANY, LTD.
FAMOUS
DRAGON
BRAND
CEMENT
PORTLAND
PORTLAND
PEMENT
KIPHON
ALWAYS IN STOCK
HIGH
QUALITY
BUILDING
CEMENT
Apply to F. SOFFIETTI & Co., 14, Des Voeux Road Central, 1st Floor. Telephone 289.
USE
(1048-1
Keep your liver active and the spit every day worries and dise appaluttaents will not traible yes. Its the mind that makes
us happy not cur condition of life, and vich you keep your stomach health, your bowels active, your bicod pure by all equitar St Beecham Pala your mind will always be clear and cheeritif Most of the hardships of life are directly due to disordered digestion. The health of the whole body 1 Milcctal by the condition of the liver.
BEECHAM'S
By their gentle purifying action Beccham's Fills accomplish wonderful mentaf and physical changes. They aid digestion and assimilation and enable you to cajoy the great benefit of the full nutriment in your food. They will keep gun free from illness and help you to attain success by giving the mind ener vigour and determination. They have a direct tnfluence upon your bells, comfort and material welare, and make Ilving easy.
Cold to burek læbetes prica 24, da 27.
PILLS
note are reported. Fin is described as
155-4
THE
LIMITED.
Authorized Capital ... Year 48,000,000 Paid-up Capital
CORPORATION. HEAD OFFICE: 60. Wall Street, New York, LONDON OFFICE: 36. Bishopsgate, E.C.
Reserve Fund
30,000,000
18,550,000
HEAD OFFICE YOKOHAMA Branches and Agencies at
Liao-Tang Ryojun
Antung-Hsin
Calcutta
Bombay
London
(Port Arthur San Francisco
Changohan
Los Angeles Shanghai
Dairen (Dalny)
Lyons
Tiebling
Fengtian (Mukden) Nagasaki Tientsin
Hankow
Newchwang Tokyo
Harbie
New York
Honolulu Kobe
Osaka
Peking
INTEREST ALLOWED ON CURRENT ACCOUNT. Deposits received for fixed periods at rates to be obtained on application.
KISHI ONO, Manager. Hongkong, 30th September, 1913. [464
MERCANTILE
INDIA, LIMITED.
THE
Authorised Capital
Subscribed
Paid-up
Beserve Fund
BANKERS:
BANK OF ENGLAND,
A
and
OF
BANK
1,500,000
1,125,000 $62,500 415,000
LONDON JOINT BOOK BANK, LIMITED.
INTEREST allowed on Current Account
at 3 per cent. per annum on Daily Balance and on Fixed Deposite at raton which may be ascertained on application.
A. R. LINTON, Hongkong, 14th July, 1918.
Coloutta. Canton. Cebu. Calon.
BRANCHES
Hombay.
Kobe.
Manila.
Mexico.
Panama.
Peking.
Empire.
San Franciscu.
Hongkong
Shanghai,
Hankow
Yokohama.
CAPITAL AND SURPLUS Gold $7,200,000
equal
£1,480,000 EVERY DESCRIPTION OF BANKING
BUSINESS transacted. CURRENT ACCOUNTS Odoned on the usual
terms.
DEPOSITS RECEIVED, fxed for one year
and
at per ocut. per annum or for shorter periods, at rates which may be ascertained on application: BILLS NEGOTIATED and COLLECTED, MAIL
TELEGRAPHIC REMIT- TANCES made. LETTERS OF CREDIT and DRAETS granted on all the principal cition 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 ani
Shares effected.
TRAVELLERS' CHECKS sold and cashed.
9, Queen's Road,
GEORGE HOGG;
Manager,
Hongkong, 21st October, 1913.
T
Manager.
[788
HONGKONG SAVINGS BANK.
Matting buying quotations are given as SHANGHAI BANKING CORPORATION nominal and nothing is offering for bristlesHE Business of the above Bank is con ducted by the HONGKONG AND
rise of one per cent, for every successive rise Hongkong 80.12 to 80.12) per yard, with a Rules may be obtained on application. of 5 the in woight.
INTEREST on deposite is allowed on the Minimum Monthly Balances at 38 per cent
IMPORTA
per annum.-5
A limited businos has boon transacted in Depositors may transfer at their option
balances of $100 or more to the HONGZONG DEPOSIT at 4 per cent. par annum.
which has been invested by the Company in in the event of such a transfor being made, land and buildings here, and which would With regard to the land and buildings from bringing forward the proposition. The be left unproductive, that has deterred us Hampshire, 10850 tons 21,000 d., 14 gun, to any modifications which may be thought at $660,000 $150,000 for land and 8400,000 of the old mill, it is proposed (subject land and buildings now stand in our hocks Captain H. W. Grant, Hongkong, Jed, T.HD, 50 tons, guns 4-12 pr. 10-Pyments) that, when all the machinery is dificult to recover by a make of the property, advisable to comply with legal require for buildings, a sum which it would be very #75c07.d.. Lieut. G. F. A. Malook, Hong shipped to Shanghai, they be taken over since the buildings of a cotton mill are not 84 to 35 por bale, in sympathy with the do- AND SHANGHAI BANK to be placed on FIXED
by a new Land Company to be called the very suitable for anything else. I may say Sookunpoo Real Estate Co., Ltd., with a that the sale of about 10,000 spindles to capital of $250,000 in shares of 82 each, Shanghai resulted in thus enabling one share to be given to the 800,000 on the book value, and the property a profit of about Hongkong mill shareholders in exchange account, which stood at $1,316,047 in 1912, for each share they hold in the old Com now stands st $1,148,407. There are many pany.
reasons even at present why Shanghai is a Possibly, the valuation placed upon the more suitable place for a cotton mill, such land and buildings is unduly low, but as they are at present unsaleable it has been tion of which has increased so much of late as the purchase of raw cotton, the produe thought advisable to put them in at a years in Central and Northern China, and nominal figure.
the supply of labour, but the chief reason Although the General Managers are is one which overshadows the future and unable to say at this early date that the which will materially affect all manufactories debit of $117,770.08 at profit and lose in this Colony. I refer to the possibility of
Admiral T. H Jerram, K.OB..) 27,000 Thp. Capt. E. B. Kiddie. Hongkong. Moorhen, river ganboat 180 tons, 2 gune. 800 Lt Conde Alan Dixon, West River. wcastle, 2nd class cruiser, 4,800 tons, tarbine, 22,000 f.d., Capt. F. A. Fowlett, Shanghai. Nightingale, river ganboat, 85 tons, 240 h.p.
Lient Condr Malcolm Murray, Yangtss Kennet, T.BI, 550 ton, 4 aus pr., iph,
Cotton Yare, and prices have receded about cline in the raw material at the manufactur- ing centres. Market clones weak. Quota 125, at $100 to $197 No. 10s. at 8120 to tions are:-No. 10s. at $100 to 8127. No.
8138. No. 29. at $124 to $151. Arrivals 6,000 bales. Sales 2,500 bales. Shipments 1,000 bales. Unsaid stock 82,000 balet. Bar- gaina 52,000 bales. In Woollong the market some time in view of the heavy stocks on remains lifeless, no demand being likely for hand. There is no change in the condition of Raw Cottons. The local metal market is gain weak, following the lower quotations from London. A few sales of steel bars are reported at 115/6 to 114/- per ton cfi., but
120be07,500 L, Lient. E. K. Boddham Whethaccount on 31st July, 1913, will be an increase in the Chinese customs duties buyers are not anxious to come in. The out-
Hibble, T... 1). 590
7,5 0 td., 6.
身
For the HoNGTONG AND SHANGHAJ
BANKING CORPORATION,
N. J. STABE.
Chief
WE BANK OF TAIWAN, LIMITED, (INCORPORATED BY SPECIAL IMPERIAL CHARFER).
Capital Subscribed
Capital Paid-up
Reserve Funds
YON 10,000,000
1
"
7,400,250 3,420,000
HEAD OFFICE TAIPER, FORMOSA.
BRANCHES AND AGENCIES: Amoy Kiukiong Shanghai Bataria Kobe
Singapore
Bombay ...London
Swatow
Caloutta Manila
Taichu
Tainen
Takow
Temsai
Canton Moji
Dairen
Foochow
Nagasaki Newchwang
Овака
Hongkong New York
Keelting
Kagi
[16
Hongkong, 1st July, 1911-iel Manager,
EDERLANDSCH-INDISCH
N HANDELSBANK.
Tokyo
Yokohama
Ben Francisco Etc. HONGKONG OFFICE, S, DES VORGE ROAD..
Interect allowed on
Current Accounta,
Deposits received on terms which may be had on application.
K. TSUDZURABARA, Manager Hongkong, 19th February, 1914.
11272
(NIPHERLANDS InDxi COMMERCIAL BANK) H BANKING CORPORATION.
ONGKONG AND SHANGHA!
Established 1863,
look for all heavy lines is not promising, and Authorised Capital F1. 80,000,000 (£2,500,000) proft, the business will continue from, a haud Beserve Fund. Fl. 6,518,000 (£543,186)
to mouth nature: Yellow Metal is also quiet, and in Petroleum products the prices remain the same and the market quiet. There are no stocks of camphor and but small sales of sundries and coal are reported. The prices of Chien, India and Straits produce show a decline as compared with the lost report.
HEAD OFFICE: AMSTERDAM, HEAD AORNOY BATAVIA
LONDON BANKERS:" TER WILLIAMS: DELOOND BANK. SWISS BANKVEREIN.
ruising tons.” 7
My absorbed by the working of the mill uatil This is a contingency which we must keep until buyers can clear thoir arrivals at some Paid-up Capital. Fl. 17,407,000 (E21 450,580) Lieat-Conde: Wilkinson, Cruising the machinery is shipped to Shanghai, before us, and it may be necesary for me Robin, river gunboat, 85 tons, guns, 240 h.p. it is hoped that with the assistance of to again refer to this object to very
Lt. Comuir, J. Fleetwood-Nash, West River, the sums standing et credit of yarn distant date. Rosario, depot ship for Suhmarizes, 930 tose, guarantee account and equalization of
1,400 hp, Lent Comdr. F. A. Cromie, dividend account, this may be accom Hongkong,
TRADE OF HONGKONG. Sandpiper, rivar gunboat, 85 tons, 2 guns, 1,401 and buildings will be free from any The following statistics
plished. If such be the result, the land h.p, Lient Comdr. I.
A. 8. Hattan, West
and encarahrance, and it le proposed to information have been collected from the general River Swipe, river gunboat, 95 ton
top to the new Land Company, who will take Chamber of Commorte
transfer any amount standing at credit fortnightly report of the Hongkong Genorni B. Comte Manrios B. Lalic, Yangt over the liabilities of this Company in mar, receiving ship, 4,650 tuas, 6 guns conscetion with its winding up. Should
Hongkong
PROPIUM.
The stocks on February 26th were 1,202
on application,
NASCA VERMEY Manager, No. 8. Dee Vaux Road Central. Hongkong, 3rd October, 1019.
(21
Paid-up Capital
Sterling
Besorra Funds →→
$15,000,000
21,500,000 at 2/$15,000,000. Silver.
$17,650,000
239,650,000
Reserve Liability of Proprietors $15,000,000
COURT OF DIRECTORS.
Hoa, Mr. D. LANDALE-Chairman.
P. H. Holyoak, Esq.
TECHIET MANAGER: Hongkong-N, J. Stap.
The Bank transacts every description of
W. L. PATTENDEN, Ex-Dopaty Chairman, In the American market wheat still Banking and Exchange business, receives 8. H. Dodwell Esq.
C. Landgraf, Esq. *Commodore E Anstruther .M.0% the Hongkong Mill's final recount show of Patna, 500 of Benares, 1,921) of Malway the summer monthe Millers do not seem as Deposit at rates which may be ascertained 125, Gošíz, Esq.
remains very strong and advices point to s money on Current Account and on Fired G. Friesland, Esq.
J. A. Plummer, Esq. probable scarcity of Blue Stem. they will accept a mortgage from the new during the interval to Shanghai, East Coast and is consequence practically no sales have any liability to the General Managers, and 655 of Turkish and Fersian Exporta all inclined to redues prices to buyers' ideas, through
Hon. Mr. E. Shalim C. 8. Gabbay. Esq. HA. Siebs, Esq. Land Company for such indebtedness, ports, Macao, Canton, and West Coast, heen made. The expected enquiry in the local interest bag payable at the rate of 6 fududing local consumption were 84 Patah, market after the China New Year has not per cent. per annum.
23 Benares, 150 Malwa, and 61 of Persian takon place, and the country markete seem Extraordinary meetings of shareholders and Turkish. In uncertified Bengal opium absolutely lifeless. Arrivals have Leon heavy will be called as soon as possible for the the stocks on February 26th were 125 Patna and stocks are now about 1,500,000 BRCK purpose of passing, if thought fit, the and 35 Benares. Exportations and imposta. Ovotnions--Patent $2.6/ to 22.00 per bag, necessary resolutions to give effect to the tions have beon sil. In Bengal opium fairly at Offs $2.29 to $2.32 per hag. Straight abovo proposals, mely
good business has been transacted and values 82 24 to $3.26 par bag, and Seconds $2,18 to advanced as follows. Market closes quiet-82.22 per bag. Patna. New $9,325.00, Old 39,200.00, V. Old 29,100.00 Benares, New $2,050.00 Old $3,925.00, V. Old $3,825.00. In Malwa
Thelumph, besicehip. 11, 86 tons 12,03 1P Captain Philip Stren field, M.VO. Hong. kong Teal, river punhost, 180 tons, 2 pens, 600 Lbp, But Conde, Hon. Guy Stopford, Yungus Thistle, ganoost, 7 tous, 90b.p., L. Comdr.
H. N. Cottrell-Dormer Hongkong, Usk, 7.B.D., 590 tous 7,500 Ld., 6 guns, Lient
Maxwell, Hanskorg. Wellano, 1.B.D., 591 tous, 7,500 £4, 6 gon
Comdir. Seymour, oraising Widgeon, Rushost, 195 tons, 2 gons, 800 b.p.
Laert Comdr, J, C. ►– Boryeit, Ya zhe W. bodeook," vishnat, 150 fous. 2 guns. 550 hp,
"Lt. 1 ondr. Mi, 6. R. Blackwood, Yungtse, Wow larke, gunboat, 10 tona, 2 guns, 550 hp.
Comur, siebie W. Lloyd, Yangtse Tarmoath, 20 elas eru ser, 4810 tour, Capt
HL Cock ane, dongkong. Submarines;— Ge
_____ C. 36. D. J. McGillemin, Lieut. Comdr.
— C. 37, J. A. Gaimes, Lient Comdr.
B. C. 38, n. K. U. Pope, Lieut-Comdr, PR. 935, Lieut Comdr. Handley.
JARDINE, MATHESON & CO., LTD., General Managers. Hongkong, 27th February, 1914.
JAPANESE BILLS PLACED
Following is the extract from Chair. Pium business has been done on a good seale On the 3rd uit., £2,500,000 of Japanese.
1 AUSTRALIA AND CHINA.
THE CHARTERED BANK OF INDIA,
MANAGERT. Shanghai-A G. STEPHEN
LONDON BANKERS ⠀ LONDON COUNTY AND WESTMINISTER BANK, LIMITED,
HONGKONG-INTEREST ALLOWED.
INCORPORATED ET ROTAL CHARTER, 1853. HRAD Orrion-LONDON.
Paid-up Capital...
£1,200,000 Reserve Fund
£1,700,000 man's speech at annual general meeting higher rates have been obtained.
Reserve Liability of Proprietors £1,200,000 and minimum quotation is 88,025.00, but on Thursday, 2nd October, 1913, referred
FOREIGN EXCHANGE and Genorn!: < per cent." basis. Of this amount Banking business transacted The feather market is unchanged, and £1,500,000 is required in order to retire OUR ENT ACCOUNTS opened and For 8 months, 2 per cent. per AÐNUM. Your General Managers have had under Galangal remains firm and Cassis Oil is also 1 next month, and the balance will take shorter periods at rates which will be quoted For 12 months, 4 per cent per Annum that for ginger is also in a state of neglect an equal amount of bills which mature FIXED DEPOSIT received for 1 year or For 6 months, 8 per cent. per Annum their serious consideration the advisability reported to be steady. Star Aniseed Oil is the place of £1,000,000 internal borrow-
rn spplication.
to in the opening paragraph of the circular
EXPORTU,
One-year Treasury bills were placed on
of recommending you to transfer the mill wank and Btar Aniseed is quiet. The stocks ing, so that the total debt of Japan is not to Shanghai, and it is only the large sum of human hair are small and no sales of any increased The Tinez
AB HEWELL
Acting Hanager
Hongkong, 14th April, 1913--
On Current Account at the cate of Two per cont. per annum on the Daily Balance. ON. FIXED DEPOSITS.
NAJ STABB
Chief, Zanszer, Hongkong, 16th February, 1914.