The Signature.
To distinguish the original and genuine Worcestershire Sauce from the many imitations, see that the signature of Lea & Perrins appears in White across the Red label on every bottle.
No other sauce has such an exquisitely delicate flavour, or such a reputation among discriminating people in every part of the world.
Jea
The Secret of the Popularity of
JOHNNIE WALKER
will be found inside every bottle. Guaranteed same Quality throughout the World
JOHNNIE WALKER White Label, Over 6 years old, JOHNNIE WALKER "Red" Label.
Over 10 old. JOHNNIE WALKER "Black Label. Over 12 years old
To safeguard these ages our policy for the future
39 the policy of the past. First and foremost to
see that the margin of stocks over sales is always large enough to maintain our unique quality,
To be obtained from —
KAMP & CO., SHANGHALL
PERRIN, COOPER & CO., TIENTSIN,
THE HANKOW DISPENSARY, LTD,
HANKOW,
SIEMSSEN & CO. CANTON & HONG KONG,
JOHN WALKER & SONS Leo Bootch
Whisky Distillers, BilwarkOCH, SCOTLAND
years
-going
ENJOY GOOD HEALTH AND SPIRITS BY DRINKING
WOLFE'S
Aromatic Schiedam
SCHNAPPS
It is not only the most wholesome spirit obtainable as a stirnulant for general use; it has a beneficial effect upon the liver, kidneys, and other organs as pick-me-up, tonic or digestive. Wolfe's Schnapps is always opportune. It is superior în every way to ordinary gin. Agente
MacEwen, Frickel & Co.,
Hongkong, Canton, Macao, Swatow and
Amoy,
APPLICATIONS FOR AGENCIES IN
CHINA AND JAPAN.
Should be sent to our Agent
MR.
T. BUDDIMAN JOHNSTON,
ת
∙1123-12
18, Mikawadai-machi, Araba-ku, TOKYO, JAPAN,
THE HONGKONG DAILY PRESS, SATURDAY, JUNE 13ru, 1974.
GREAT SHIPPING FUSION.
P&O AND BRITISH INDIA
POLL FINANCIAL TERMS. The announcement issued by the Peninsular & Oriental Steam Navigation
associated with that of Sir Thomas Sutherland, who, as he announced at the
last annual testing, has for the past DUTT'S
forty-two years written the company's annual report a document which is generally admitted by authorities to be a very able review of conditions in the shipping industry. But a time must come when Fir Thomss cannot be expected to
USE ONLY
MANGO" BRAND CHUTNEYS AND CURRY STUFFS
AND
Company on May 22nd was in the follow take quite the same interest in the affairs DUTT'S INDIAN CONDIMENT Co.”
ing terms
Arrangements have been concluded by the two boards, subject to confirmation by the shareholdere, for the amalgamation of the P. & O and British India Com panies, by means of an exchange of stock, and a circuler will be issued early next week setting forth the details of the proposed fusion,
One
of the company as at present. No one would deny that the present. Chairman has done a very great deal for the com pany, and many will hold that in allying his company towards the end of his shipping career with the British India he bas given evidence of his old perspicuity. In order to provide for the necessarily lessened activities of the The arrangement provides for an present Chairman, two able managing exchange of British India 260 ordinary directors were elected at the end of 1912, shares for £33 0s: 9d. of P & O. deferred and the management will now again be stock and of £100 British India preferred very considerably strongthened.- stock for 100 P.&O. preferred stock," important point should be noted in con- "The companies will continue to work nection with the present achenie. During as separate entities, but the directors of the past few years rumours have been the P. & O. Company will join the board repeatedly current al varions times that of the British India and the directors of an amalgamation between the P. & O. and the British India will join the board of other Unes was imminent and they have the P&O. When the amalgamation has met with explicit and categorical denials, gone through the interests of the two We understand that the present negotia undertakings will be in all respectations, which were conducted solely identical.", play men det
botween Sir Thomas Sutherland and Lord Inchcape, did not begin until the middle. of February last. During the past three months, there has not been speculation in the stocks such as accompanied the unfounded rumours of the past. The secret was well kept, On Thursday there was an advance of ten points in the deferred stock, accompanied by reports of amalgamation, and in the evening the provisional agreement was concluded. Since some inkling of the arrangemen: had evidently leaked out it was decided at once to issue the official sunouncement, which had the effect of causing the price. of P. & O deferred to close five points lower. It cannot, therefore, be said that any encouragement has been given to speculation in the negotiation of the past. few weeks. F
It is understood, says The Times, that the amalgamation, if approved, will come into effect on October 1st, and that a dividend of £3 186. 8d. will be paid on each ordinary share of the British India Company share of the British India Com pany and at the rate of 3 per cent. on the preference stock of the same company for the nine months ended September 30th. The stock of the P&O Company which the British India stockholders will then receive will rank for dividend from the P&O Company as from October 1st, 1014. The new P. & stocks will rank equally thenceforward with the existing stocks. ANDR
For the year ended September 30th last there was paid on the P&O, deferred stock a dividend and bonus amounting to 15 per cent, so that on this basis the holders of deferred stock of £33 8s. 8d. ehould receive per cent, which is equal to 10 per cent, on the ordinary shares of the British India Company The dis tribution on the ordinary shares of the British India Company, has amounted to 10 per cent. for the past two years
The Proference stocks of both the P
holders.
stock
panies are
THE NIPPON YESEN KAISHA.
BUS GENERAL MEETING,
In introducing the report and accounts
BRAND INDIAN CONDIMENTS. SREEKISSEN DUTT & CO.,
CALCUTTA,
THE PREMIER CONDIMENT HOUSE IN INDIA
A. B. MOULDER & CO., LTD.. SOLE AGENTS FOR HONGKONG AND SOUTH CHINA.
Hongkong, 18th June, 1914
SWAN
FOUNT PEN,
DEFIES
HEAT
Its perfect fit and scientille construction
ILLUSTRATED CATALOGUE preventing that annoying slogging and
FREE
eraporation of the ink which attends the use of the old-fashioned dip pen or the cheap and nasty type of fountain pen The Swan" has a perfect ink-food, is fitted with a gold nib iridium tipped, does not leak, and is easily filled and cleaned;
THE SWAN
SOLD BY ALL JEWELLERS, STATIONERS AND IMPORTERS.
MABIE TODD &
Manufacturer LONDON.
INDIGESTION.
WHY IT IS SO COMMON.
Co
CLARKE'S B. 41 PILLS
825
A warranted oare for al acquired or constitutical Dis. charges from the Urinary Organs in either sex. These
famore Pills also cure Gravel, Pains in the Back and all. Kidney Disorders. Free from mercury. Forty years" auc- case. Sold by all Chemistr and Storekeepers throughout the world.
Beetham's
takes the Skins nog SOPT AB VELVET, and, koops iz. SOFT, SMOOTH and WHITE
All the year round Remtores and prevents Roughness,
Redness, Irritation, Tan, etc. T COOLING AND REFRESHING DURING THE SUMMER HEAT
M. BEETHAM & SON, CHELTENHAM IS RENKLA JE
RIGAUD'S
KANANGA
OF JAPAP
TOILET WATER
for last half-year, ending March 31st, to between whom business is done would the general meeting of the Nippon Yasen form but the slenderest protection in the &O and British India Companies has Kaisha, held at the Tokyo Chamber of event of the public going wild over received a dividend of 5 per cent,
As regards market prices, the £50 Commerce rooms on the 28th ult. Baron another" boom. The prestige not only Ordinary shares of the British India Kondo, President of the Company, stated of the Stock Exchange out of Shanghai Company have lately been quoted at that the boom in the marine transport as a whole has suffered a serious shock, about 81 (they yesterday rose in Glasgow, business was now declining, and that What the repeal of the by-laws means in the principal market, to 93-98) and the freights have come down 30 and 50 per effect is this: We bare tried to put Deferred stock of the P. & O Company cent. The rate on beans to Europe, which down gambling and we have failed; the After this, the only visible" was quoted as the close yesterday at 300, had been ruling at 40 shillings, is down community prefere betting to sound so that the £33 6s Bd. now Deferred stock to 24 shillings, and that on iron from business, should represent £106, a gain, on this basis, of about 19 per cent, for the British Europe has dropped from 35 shillings to remedy would be for the Stock Exchange 14 or 15 shillings. This decline in freights to dissolve itself and to start all even Indis holders of Ordinary stock struck a heavy blow at the shipbuilding again. Only, it is to be feared that it The Preference stock of the British industry. A steamer of 7,500 tons which would hardly do enough business to pay. India Company has been quoted at about 103 and P.&O. Preference stock at about st Xen 600,000 or more at one time, could for its articles of association.
now be had for Yen 400,000, and even at 113) The terme would therefore seen to this price no shipbuilding orders were be quite satisfactory
for to the British India
coming in. The trade depression now The British India Company has an prevailing in Japan showed signs D issued capital of £1,857,200 in 19,143 growing acuteness, and he believed that Ordinary shares of £50 each, and £700,000 the second half of the year would witness Preference stock. There is outstanding a further decline. It was a common A short time ago, an eminent health £1,657,200 Four-and-a-Half per cent, experience in business that there were authority declared that indigestion is Debenture stock, of which £637,200 was cycles of prosperity and depression, and one of the commonest of modern com offered in July, 1913, at par, and there all the Company could do was to conduct plaints, and certainly a means by which are also £43,830 short-dated Debentures its business with great care and caution thousands of people are made miserablo The authorized and issued capital of till the present depression passed away, and unhealthy. This statement must be the&0. Company is £3,500,000 inA shareholder expressed a hope very true. At least, one does not feel £2,310,000 Preferred, and £1.1600 that no political party men would be disposed to dispute it, for most prope Deferred stock. There are authorized appointed directors of the Company, to admit, on thinking the matter over fr and issued £800,000 Three-und-a-Half per which Baron Kondo replied that the a little while, that indigestion does make cent. Debentare stock and £1,000,000 board of directors was strictly observing vist numbers of ailing people now-a-days. so common. And yet, here again, you Three-and-a-Halfper cent. Deventure a private rule that no director should but it isn't so clear why indigestion is
take part in polities.
A In reply to the question of another only need to look around a little, and you will realise that the strenuous modern In a leading article on May 23rd the shareholder, Mr. Kato, Vice President life we lead often upsets the digestive Times said:
stated that though an increase of capital
anxieties of various sorts, excitementy Consolidations among shipping_com had not been decided upon, one might be system. Then, too, worry, over-work, becoming common, and effected. The decision of the question of late hours, trying climatic conditions, Assuming they are desirable, Rone could the shipping subsidy by the Government lack of exercise, or too violent exercise, be more suitable than that now announced might necessitate a large increase of are each and all capable of bringing between the P & O. and British India capital. He was not yet in a position to about a deranged condition of the Companice. For many years relation- give any definite answer to the question stomach. Add to the excessive ten of us must plead drinking to which many of ships between the two great companies asked. have been most friendly. They are both The meeting unanimously approved the guilty, or too much and tou rieb food, or meals taken at irregular intervals, engaged largely in the Indian and Far report and accounts Japan Chronicle.
bolted meals, or meals badly cooked, and Kastern trades, but there has been ne
you see clearly enough why indigestion is clashing. The P.&O. has developed the
BO conunon mail and passenger traffic between Europe and the East and Australia, and the British India has concentrated on an enormous local trade between Indian ports. It has services between India and
Many people will sympathize sincerely ought to be ever on the watch to coun- Burma, the Straits Settlements and with the regret with which Mr. F. Hteract its effects. But how 1" you say. Australia, and between India and the Crossley views the repeal of the Stock Well, here is a valuable hint. To avoid Persian Gulf and East Africa and Exchange by laws governing forward indigestion, and its distressing symptoms, Mauritius It has through services business, It is indeed, as Mr. Crossley take an occasional dose of Mother Seigel's between this country and Madras, Calcutta, Karachi, and Bombay, and says, a case of sacrificing a good cause to Syrup. But to banish indigestion, and There within the past few months has put some expediency and it only remains to be its health destroying effects, its pains and foe new liners into the Indian hoped that expediency in this case will discomforts, you must take a regular services but the company is famed prove less treacherous than is too often courss of Mather Seigel's Syrup. chiefly for its local Eastern trade. That it wont. At the meeting of the Stock isn't a remedy in existence that can cure business represents probably about 30 per Exchange held in April, it will be you at once if you have been suffering cent of its activities, and on those routes recalled an attempt was made to amend for a long time, but quick relief and are employed the great majority of its the by-laws in such a way as to establish eventual restoration to good health are steamers, numbering over 130. Those two classes of forward contracts those certainly well within the powers of who have not travelled in the East would registered, for which the Committee Mother Beigel's Syrup,
Listen to Mr. M. Bishop of Fort hardly realize that the British India is would take some responsibility before the follow its use.
Beaufort, Cape Province, who, in a letter the largest individnal British shipping public; and those unregistered, for which
the Committee would accept no res dated July 18th, 1913, says But while friendly relations have sibility. A compromise of this nature To Mother Beigel's Syrup I attributa existed, limit has been set to any sort of would have been so manifestly absurd_______
years. To describe what I formerly co-operation there may have been. The that the new Committee, to which the my splendid health for the last four companies have had their own offices in question was referred, not unnaturally suffered from indigestion would be well this country and throughout the East, felt that it would be better to sweep away nigh impossible. My symptoms were less and their own workshops, and there bas altogether a system which had degene of appetite, irregulanty of the bowels, not beer interchangeability of tickets rated into pure farce. For three months, almost amounting to chronic constipa- Now, it is understood, the two boards Mr. Crosley says, no forward contract tion, pains in the cheat, back and sides, expect that many economies will follow has been registered, in spite of the per-sick headaches, palpitation of the heart, from the amalgamation. Although the two companies are to be carried on a footly well known activities of members feeling of dizziness whenever I stopped, The real orux is, of course, not registra-furred tongue, and very disagreeable peparate panties, yet through booking lion but the fact that registration faste in my mouth, especially in the Talagrams Kaymer, London, Est. 18'5 become identical. Through bookinguplice the adjustment, that is, the arrangements and interchangeability of
-condition
I was unitted for anything, tickets are to be the first fruits of the payment, of differences between the You can well imagine that in thie fusion From the economic and the making up and contract prices on
through greater convenience to the public it is each intervening settlement day. That became nervous, listless, and moros, hreading an expected that the P&O. stockholders this excellent precaution against gan anding no enjoyment whatever in life. will benefit, while the infusion of new bling has failed is certainly less the fault Fortunately, blood is not likely to be against the of the brokers as a body than of the advertisement. I began the use of Mother directors of the P&0.0 ay will broker must do so, and directly one or enced from the first bottle was a revelation join the board of the British India and two brokers began to indulge their clients to me. I decided to continue with the ST PRICE IN KOLAND 213.
progress towards recovery, and after a the directors of the British India, of in this respect, the breakdown of the remedy. From that time I made steady which Lord Inchcape is chairmans, will whole system was easily foreseen. To-day low bottles, was completely restored to Join the board of the P & Other is nothing to prevent the recur health
directors means rence of another mad gamble such as in That interchange of that; the new combination will be con 1910, for although the old contracts for have disappeared, the trolled by a very powerful management. the concerned 18 The name of the P&O will always be practice of showing the actual parties
will
FORWARD CONTRACTS.
The J-C. Daily Newx says:--
Thus, like a bad habit, indigestion is easy to acquire and difficult to get rid of, and for that important reason, we
Beware
imitations.
RIGAUD & C
PERFUMERS
8. Tus Vivienë, 2
Paris-France
usually LONDON BUYING AGENTS
SHACKELL, EDWARDS & CO., LTD. interests of the P. & D. Company The public. In the latter will not pay, the Seigel's Syrup, and the relief I experi-
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80
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106
JES: KEAR. CHARE KARKKO WASDITERRANIONS, KRIT GOTE, HAMF APTIEVO TO ALL GERNIKE PACKING LADY HIS STON HAY THERAPIOIL
175