DREADFUL ECZEMA
Cured by Dr. Morse's Indian Root Pills. That torturing and disfiguring disease has its cause in an impure.
condition of the blood. The impure condition of the blond often arises from a diseased condition of the stomach and allied organs of digestion and nutrition. When digestion is imperfect the nutrition of the body is inadequate to its needs. The blood becomes thin, poisons accumulate in it, and these. poisons often manifest themselves in some eruptive discase. Dr. Morse's Indian Root Pills cure diseases of the stomach, and other organs of digestion and nutrition. They eliminaté, poisonous substances from the blood, purifying it, and increasing its quality and richness. They get at the cause and cure perfectly. discases of the blood, and other complaints which originate in a disordered stomach.
They are perfect Dinod Purifier and positive and permanent cure for Billosaness, Indigestion, Conaripation, Head acher, Sallow Complexion, liver and Kidney Troubler, Piles, Pimples, Bails, and Blotches, and for Female Aliniența.
For Sale by WATKINS, Ltd., Wholesafe und Retull Agents, and Chemists and Storer generally, at 60 cents per tottie, or will be forwarded an receipt of price by THE W, H. COMSTOCK CO., Ltd.. Site Proprietars 21. Farringdon Avenue, London, England.
DR MORSES
Indian Root
PILLS
DO NOT WEAKEN. DO NOT SICKEN. DO NOT GRIPE.
DUTT'S
USE ONLY
“MANGO"
BRAND
CHUTNEYS AND CURRY STUFFS
AND
“EAST INDIAN CONDIMENT CO.
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, 13th June, 1914
20,000 DOCTORS
are recommending
PLASMON
ALL NOURISHMENT COCOA
Because
(825
'It yields a delicious beverage containing ALL the constituents able to support Life.”—Lancet. 843
SAINT-RAPHAEL
TONIC, RESTORATIVE, DIGESTIVE WINE Very palatable,
Known throughout the world and prescribed in all csEEN OF Anemia, Debility and Convalescence, to voung women, children and the aged. Invaluable in hot climates.
THE DOSE : One wine-glass afiar the two principal meals.
Each bottle of genuina VIN SAINT-RAPHAEL boars, in addition
to the registered trade-mark
(S) The WARRANTY STAMP of the UNION DES FABRICANTS.
(3) A METAL BEAL advertising CLETÉLAS.
OLETEAS
19. & MELISSA and MINT cordial which surpasses all others by its purely and faultless preparation. To be taken on a lump of sugar. COMPAGNIE du VIN BAINT-RAPHAEL. Valence (Drême-Franca). GENTSCALDBEOR, MACGREGOR & Co. Honagoya,
APPLICATIONS FOR AGENCIES IN
CHINA AND JAPAN.
Should be sent to our Agent
MR. T.
JOHNSTON,
RUDDIMAN
13, Mikawadai-maschi, Azabu-ku, TOKYO, JAPAN,
THE HONGKONG, DAILY PRESS, SATURDAY, JULY 18TH, 1914.
COMPANY MEETING. "SHELL TRANSPORT AND TRADING Co. (LTD.).
(Continued from page 8.). The First Lord of the Admiralty has misconstrued this action, and has assumed that our purpose was to raise prices. The motive that prompts us is to obtain large, constant, and widespread supplies from as many sources as possible. This obvistes dependence upon any one field, and enables us to undertake business and to give contracts of supply practically without a force majeure clause. Aflect once on liquid fuel, cannot afford to contract and be subject to a force majeure which quite suddenly becomes operative. It is in the best interests of consumers that certainty of supply should be established.
OIL SUPPLIES FROM SARAWAK, EGYPT, AND PRINIDAD,
We have acquired a new area of no less than 800,000 acres in Mexico, giving rights over lands far away from present fields, but which, in the opinion of our geologists, are likely to yield brilliant results. You will forgive my repeating that the great success of your Company has been attained in every case by avoid- ing the "watering" of capital and by opening up unproven fields for themselves all over the world. This, with the very moderate capitalization on which practi cal results have been obtained, cannot fail to show a handsome return. I must warn you, nevertheless, that you cannot always hope to be successful, and that sooner or later we are quite likely to lose large sums of money. in our efforts to develop unknown fields. Happily, the buge WO make for appropriations which depreciation enable us to take these risks.
THE "DEAL WITH THE CALIFORNIAN OIt COMPANY.
INTERESTS IN A NEW OLL WORLD." Before leaving the subject, I think it right to inform you that your directors When I last had the pleasure of have secured very large inereste in a new addressing you our production
oil world. These interests, because of Sarawak was about 35 tons a day. It is
their magnitude, involve a heavy outlay now 200 tone a day. This proven feld
for survey, for geological research, and has been brought into bearing at an, expenditure of only £225,000; that iso experimental boring. I do not feel what it stands at in your books to-day. at liberty to give you any further details A great change las come over the position about these ventures at the present in Egypt. A few months ago we were moment. You have had circulated with frankly pessimistic as to the outlook of the balance sheet figures of our production i that field. We are more fortunate than in the principal companies with which we are associated. There is a gratifying most companies in the fact that we have in our service a staff of goologists whose increase of our production in Java. Our. experience in very widely separated total production from our fields in countries is probably unique in the oil Netherlands-India renched 1,503,681 tons, world. In passing, I may tell you that which is a record. Further geological we have also a school for the training of investigation has much extended the boremasters by practical experience, and known productive area of many of the this has often stood us in good stead. fields in Borneo. Production in the oil- In Egypt, our geologists found there were fields of Sumatra is declining, but we have signs of oil akin to those which they had discovered a new field there. We are the observed in another territory where we largest producers of any one Company-in: are working. Following their indication, Roumania and certai ly amongst the a well was put down on a site chosen. It largest in Russia. proved to be a remarkable and astound. ing well. Up to that time wells of 100 or 200 tons a day were looked upon as phenomenal, whereas the well in question gave an initial production of 4,000 tons per day..
It was quite impossible to deal immediately with such a flow of oil, and a great deal of it was lost Owing to the necessity of bottling it down to proportions with which we deal, it was nover flowed to its full capacity. After some time an incursion of water took place which caused us grave anxiety as to the future of the well. It has now settled down to a production of about 150 tons a day, water having been reduceding for production from the fields, but are rather curtailing it in so far as we to 33 per cent, Some years ago some.
can without injury to the wells, because American prospectors drilled for oil at
we are convinced that when we can treat Gemsah, but abandoned the effort to
it and market it we shall get a better obtain it. It appears that the water there was never properly shut off. The return than by selling it as crude oil. theory is that it is water from that old Owing to the fact that there is only one well which has penetrated to those we are buyer, coupled with over-production of drilling, and from which great trouble light oil, prices in California are unduly was experienced in the earlier Gemsa low. The completion of these projects in wells. We still hope that we shail succeed California, with the provision of the neces in shutting off this water completely. Isary widespread distributing organiza- have always contended that nature does tion, will involve the expenditure of a sum of not less than £1,500,000. We are not deal in retail, and it is extremely improbable that this rich well will com freeing the property from debentures by.
We therefore look
In our opinion it is paying them off. stitute an only confidence to getting very unsound to have debentures upon with some bope and ultimately a regular production from
any oil properties, and there are nono in Chemsah
any oil Company in which we are con corned, (Cheers.)
GROWTH OF THE BUSINESS: ACTIVITIES IN MEXICO.
I
Our deal with the Calfernian Of Com- pany was carried through. We have since added materially to the lands that we acquired. In accordance with the policy that I foreshadowed, contracts for the An option on construction of a pipeline to the seaboard have been entered into.
and has been acquired for the construc- tion of a refinery, for which plans are prepared and will be actively proceeded with. In the meantime we are not press-
THE COMPANY'S TRADE IN PETROL THE FLEET.
It is with much pleasure that I have to refer to our trade in petrol. In spite of the prognostications of alarmists, it has not been found necessary to advance the price of Shell spirit during the past year, nor (I am glad to say) do we anticipate, so far as we can see, that this step will need to be taken. Notwithstanding the consumption, Sheli
enormous
increase in
C4
Born 1820.
Still going strong.
Head and Shoulders above the Ordinary is
JOHNNIE WALKER
The distinctive palate-persuading flavour of "Johnnie Walker" is due to its high quality, absolute purity and perfect maturity.
To safeguard the three "ages" of "Johnnie Walker' our policy for
the future is our 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. Guaranteed the same quality throughout the world,
JOHNNIE WALKER "White" Label. Over 6 years old. JOHNNIE WALKER "Red" Label. Over 10 years old. JOHNNIE WALKER "Black" Label. Over 12 year old.
To be obtained from
KAMP & CO.. SHANGHAI,
PERRIN, COOPER & CO., TIENTSIN.
THE HANKOW DISPENSARY, LTD, HANKOW. :SIEMSSEN & CO. CANTON and HONG KONG,
· JOHN WALKER & SONS LTD., Scotch Whisky Distillers, Kilmarnicle, SCOTLAND
LIFE WITHOUT HEALTH 18 LIVING DEATH.
VETARZON
BRAIN AND NERVE FOOD
This remarkable compound, the latest discovery of modern Lines wout equal 10 all caMA of defective nerve and brain power, whether induced by worry, overwork, dissipation, or other infuences. Sleeplessinet palpitation, defective cirentation, verrous dyspepala, the or neuralgie. ow spirits, enter End Bodly prostration, want of confidence, general debility, premature decay yhciency of the vital forces, loss of vitality, harassing dresme, itensues that can settle te Poding, iritability of temper, femele complaints, hysteria, backache, bearing down sensations, rasting diseases, consumption, sight sweais, muddy, high-colonted water, &c., are all so many dillerent phases of brain sud nerve wreckage and exhaustion, the cause of by far the greate portion of the misery, ill-health, and despondency by which we are confronted on every band, that can only be successfully combated by the use of this wonderful and highly scientific preparation Hrasing up the system generally, it gives tone to the exhausted Derven, arrests ali, weakening wasting discharges, restores the falling energies," and Imparta new life and vigour to those wha had so recently seemed played out, need up and cainelers. Bottles Price 24. 94.
WITHOUT PURE BLOOD HEALTH IS IMPOSSIBLE.
VETARZO BLOOD
MEDICINE
Never before was there anything like it, nor can its marvellous properties ever be equalled in all cases of poorness, impurity; or other imperfection of the blood from whatever canse arising. Sossoner is it Imbibed to the systems than it permeates and penetrates to the minstest capb- aties, overcoming and expetitag disease, wheresoever mad in whatsoever form met with; rentowing all blotches, pimples, scarf, scurvy, scroftions and glandular swellings, discolorations, roughes patches, &c. Its effects are almost magical in the treatement of gout, theumatism, Relatica, lumbago, paitre arc swellings of the joints, discharges blood poiras, eczema, lepra, pserlane, had legs, bad breasts, abscesses, ulcers, wounds, are goitre at Derbyshire neck, improves the general health, and quickly removes long-standing bronchitis, asthma, sad hacking
raining, pamodle cough, too often the precursor of consumption, Bottles Price 38. 90.
Send stamped addressed envelope for tree booklet, de P.0, 2/0 for trial bottle or elsew Justody, to THE VETARZO REMEDIES CO., GOSPEL DAK, LONDON. Unprtheipled Vendora may try to sell you something nice for extra profit-do not accept it, but, intlet un having VETARZD. The genuins has the words "VETÁRZO REMEDIES" on Government Beimp, VETARZO REMEDIES ARE SOLD 'BY BOOT'S. ABH CHEMISTE.
We are even more hopeful in this connection, of a supply from Hurgada, where, undoubtedly, the credit of locating A the field is due to our own geologists. well struck oil, and has for some months given a steady and sustained flow of A large drilling about 25 tona a day.
Our production figures showed you that programme has been marked out on this held, as we have good grounds for stating
for the past 12 months our own produc tion of oil approximated to 4,000,000 tons. that the anticlival is a long one. We have
I think there is very little doubt that with us tho voluntarily associated
during the current year we shall exceed this.Our trade in oil, however, must not Egyptian Government. We have given them a participation in profits. We have supplies, have kept pace with it.
be measured by our own production, for invited them to place a director on the spirit stands on a pinnacle alone, and the
we are necessary very large buyers in all board of the Anglo-Egyptian Oil Condemand for it throughout the world is pany (Limited) and they have nominated ot only unabated, but is ever increasing markets, and we distribute much more the Hon Hugo Baring to fill that cause of its extraordinary purity and than we produce. I want you to realize, position. We have not asked them for any power. Were I to give you figures of the therefore, that our profita are derived financial assistance, although we have cost of the great capital expenditure rather from our enormous burnover than required for the distribution of this one from any high prices that we realize, and given them a right of pre-emption on our article in Great Britain alone you would that those profits include not only thos
wo make as producers and refiners, but Egyptian production. We have parti-
be astounded. I do not propose to do cipated with three other parties in the
our feet, from storage, warehousing, development of Trinidad, where a certain this, but to tell you that so many are the those arising out of the employment of With Bucha distribution, and sales where we hope, when the territory is more of distributing our petrol by means of nusiness to conduct, it is the deliberato measure of success has been attained, and advantages, and so great is the economy known, to obtain a regular and a large or traction, that we have decided to polior of the company to maintain their production. From thear three sources it scrap the whole of our horse transport as nancial strength. You will be glad to quickly as we can get the now motors.
learn that after the payment of dividend appears to us probable that the Admiralty delivered. They are all being manu-
for the current year we shall have in requirements for liquid fuel, everi on a large scale, can be supplied if we could factured in the United Kingdom. (Hear, hand à sum of £2,450,000-suficient to see us some considerable way yet in the be certain of its offlake when we have hear.) This transition will involve, in the Metropolitan area alone, an expendi-
very large commitments we have. The manufactured it.
ture of capital not very far short of unblushing effrontery of those who still Trust" must be £100,000.
assert that we are a During the year large additions have met by the statement that we have ut Look at the growth and progress of this
been made to our fleet. Several of our present 12,450 registered shareholders. great business. We have not had, and we
motor ships have been delivered. I am There are 6017 warrants to hearer of 20 have never sought, financial assistance, from any Government, or have we glad to say they are giving unqualified shares each, and there are 105,250 war- satisfaction. British builders have at rants of five shares cach-an enormous enjoyed any subsidy or any protection last taken up this branch in earnest. The increase in each category, I am glad and, I regret to say, we have not always faith that I personally have reposed in to say, since last year. had even fair play. We have kept entirely their skill is, I am sure, going to be free from "Trusts "-a reproach so often instified in the success of the engines they levelled at this Company by competitors, have built for the independent company who have made grossly unfair use of an which I have formed, in conjunction with
As usual at these meetings it is my argument which they know to be untrue.
many friends, to encourage the growth
progress of the business up to the present Yet, as the balance sheet which we have of this industry in Great Britain. Privilege to give some account of the placed before you shows, a business con (Hear, hear) Our first hout, by a very period. I am, indeed, happy to say that
Said ducted upon thoroughly sound lines is happy coincidence, arrived at Port
on Saturday after a non-stop run from there is no decline in the prosperity that able to hold its own, and to give to its
has so far attended us. Our production shareholders the splendid results which Cardiff. I have already seen sufficient to able management has alone secured. justify me in saying that if the results 18 fully maintained. Prices for our pro- same period of last year. The volume of (Hear, hear). In yet another sphere of we bave attained continue, the days of ducts are on the whole better than at the our general trade again shows a gratify our activities we have had very great steam or of oil fuel for generating it are
ing increase, Your directors, therefore, I refer to Mexico, where we numbered, and the internal combustion
fully anticipate, in consequence of the acquired an area of carefully selected and engine will wipe out the steamer promising oilfields 20,000 acres in extent, that in its time superseded the old sailing conservative lines they have adopted, to come before you at our next meeting in We paid very litle for these lands, because ship..
the same cheerful frame of mind in which they were unproven. We thought this
On the question of oil supply, however they greet you today. (Cheers.) much better in your inerests than buying:
I must not reveal secrets which it is developed property, because here again great the demand may be, I have no
The better in your interests not to disclose, we had confidence in the sagacity of our doubts or misgivings whatever. geologists Early in the year we struck a production in the world to-day of heavy but I wish to lift the veil for a well giving a flow which increased to oile very much exceeds the consumption.
products in stock: The great competition 180,000 barrels a day. It took us by As I always predicted, let it be known single moment only on the question of surprise, because we had not looked for that there is a large and regular demand that has existed, and still prevails, in one anything approching such a large produe and offtake, and you may rely that the particular article that we manufacture tion. With great energy our staff on the supply will be forthcoming, if pricen do namely, parafin wax-induces us to spot set themselves to work and got the not fall below cost of production, as they inform you of the position which we are
success.
SUPPLY AND DEMAND.
as
THE CURRENT YEAR NO DECLINE. IN
PROSPERTY. 4
well under control, and by its agency we did about two years ago. Your directors in to meet the pri The stock includes
SHACKELL, EDWARDS & CO., LTD. of the Bataafsche Petroleum Maatschappij,
MAKERS OF
PRINTING INKS
FOR OVER 120 YEARS.
RED LION PASSAGE, FLEET STREET, LONDON, EC
of other manufaz article. turers of this find ourselves amongst the largest are fully alive to their responsibilities in
this matter. It is in view of procaring 93,060 tons of wax residue, and this producers in Mexico.
If I may refer you to the balance sheet geographically world-wide supplies that stands in your books at 56. per tan. At you will find that the nominal capital of places the whole world over, with a expressed a wish that the distribution of faey have taken territory after territory our last preeting so many shareholders the Corona Company was 5,000,000 florins, view to enable them to put up such the company's profits should be more but, out of that, at the close of the year, widespread series of oil depôts as to overly apportioned that your directors cash in hand amounted to 2,755,000 florins, ensure a supply to users all over the have decided to fall in with their views. We have at the present moment expended globe. If I may say so, I do not think In future we shall not pay an interim the whole of that capital in providing that there is any company or corporation dividend in July, but one only in engaged in the trade who are better able December, and the balanes as a final facilities for dealing with the oil, includ- to do this than we are, although we do dividend in July, Promising that I shall ing earth storage for a million barrels not possess, never seek, and have never be glad to answer any questions from and steel storage to about the same extent.
sought to obtain a monopoly
1024
shareholders, I beg to move the adoption of the report recommending the payment of a final dividend, making 35. per cent. per annum for the year 1813, and an interim dividend of 1s, per share on account of the profits of 1914. I will ank my friend, Mr. Deterding, to second the resolution. (Cheers.)
The resolution was duly seconded and passed.
MARTIN'S
SAPIOL & STEEL MarumPLES
Armaniot 150-200 for ali Irrektālariiian" Thomemade of 1
„C# #54%ist on the r Mom Kim the hea -sigs of any. Ezelerity of the Bretera. A finely dose may be administered. These who shantanuca thairenor
TROUS
UNDER and Stores and shas ·
4. o" post tras Si,
shrathons then WORK 158. 2006
·MARTÍN, Chamlsk
* MARTIN'S
APIOL & STEEL SEDPILLS
KEATING'S
WORM TABLETS
A purely
Vegetable the Dotties by SWerkstat
Keating's Worm Tablets foretiah axant agreeable method of administering the only certain remedy for Intestin or Thread Worms. Perfectly unẩn, kala, and especially adapted for children To be obtained of all Drvexists,
TEATING
HIMROD'S
Bives Instant Refer
No matter what your respiratiey "organs may be entering fres. Whether
ASTHMA, INFLUENZA, HRBAL GA TARHH, «N ORDINARY. DOVER, you will find in this famous kumody a restorative power that la: simply suequalled:
FAME
FOR Sold in tins by Blades throughout
• DEWARE OF
CURE FOR
the Grenstry [IMITATIONEN
ASTHMA