THE HONGKONG DAILY PRESS, WEDNESDAY, JANUARY 20TH
THE ROYAL MAIL STEAM PACKET P. & 0. STEAM NAVIGATION
GLEN
COMPANY.
"SHIRE" JOINT PASSENGER SERVICE
TO
NORTH PACIFIC COAST PORTS.
NEW HIGH POWER TWIN SOBEW STEAMERS, OFFERING EXCELLENT ACCOMMODATION.
6.8. GLENGYLE,"
8,500 tons groes,
will leave HONGKONG TO-MORROW, the Sist JANUARY, for VICTORIA, VANCOUVER, SEATTLE, TACONA and PORTLAND, S
All Vessels Fitted with Refrigerating Machinery, Wireless Telegraphy, Electrio Light and Steam Hosting Apparston A quailled Doutor also Stewardess omeried.
For passage and further information apply to bel JARDINE, MATHESON AGESITS,
Hongkong, 14th January, 1915.
Co., LTD..
(166)
JAVA-CHINA JAPAN LIJN
·REGULAB FORTNIGHTLY SERVICE BETWEEN JAVA, CHINA AND JAPAN.
STMANNE
FROM
EISKOTED ON OR ABOUT
WEL ETC 2 WILL LEAVE FOR
TJIKEMBANG
ΤΤΙΚΙΝΗ
TJITAROEM
TJIMANOEK)
TJIBODAS..
TJILIWONG
SHANGHAI
JAPAN
JAVA
First half of Jamy [Second half of
JAVA
JAYA
JAD Seand half of JED Second half of JAD
First half
Feb.
BHANGHAI & JAPAN
JAVA JAVA
SHANGHAL
JAPAN
JAPAN
ÖR OR ABODI
First ball of. Janz First half of
Jane Second half of First half of
Feb. Second half of Feb
The Siesmers as all fited throughout with Electric Light sed have sccommodation for Umited number of Salon Partengers, All steamers carry duly qualified surgeon, Cargo taken at through rates to all parts in Netherlands. India and Australia,”
For Particulars of Freight and Pange, apply to the
York Buildings, Lit Floor,
Hongkong, 11th January, 1916.
JAVA-CHINA-JAPAN LIJN. Telephone No. 1574.
[8
COMPANY
THE WAR AND THE COMPANY.
*RETIREMENT OF SIR THOMAS
SUTHERLAND,
The 74th Ordinary General Meeting was held on the 18th ult. at the offices, Leadenhall street, under the presidency of Sir Thomas Sutherland, G.C.M.C., LL.D., the chairman of the company. »
The Secretary (Mr. Frederick John Abbott) having read the notice convening the meeting,
The CHAIRMAN,
GENERAL SAFETY OF THE FLAT: ITS BOOK
1915,
There is, believe me, one trade and one
has had just one object in view-the pro-
motion of the interests of the company— how he has steadily worked for that, and how, in fact, his whole life has been devoted to our service. (Cheers.) We who have sat on the board with him know how in moments of emergency, when a sudden oall has been made on us, he has met it with what ability of resource he has met it, and with what courage he has dealt with it. My g
now and if I had to go into it I think I should be obliged to show you that the Gentlemen, as regards the general safety import trade from the Far East is greater of our fleet I am glad to say that in the to the Continent on the whole, than it past 12 months it has been all we could is to Great Britain, You will naturally expect or desire. We have now under say that we shall have less German com construction, comparatively speaking; petition-at all events for some time. a small amount of tonnage namely, That is true, but there will be less trade 30,000 tons. It is not a very favourable to compete for. We read in the papers of me to contract for now vessels, because a great demand for tonnage a sort of prices at the present moment are sporadic demand, as I think it ie-for enormously high, and two of these ships America, Argentina and the Meditor-
It is not necessary that I should say which are now being built are the largest ranean; and, no doubt, the happy owners more on the subject of his services. Your and most expensive vessels the company of ocean tramps will gain largely by this have the results before you. The whole have ever undertaken to construct. But alteration. The improvement, however, thing, however, may be stated in a son- while we are building on a moderate scale does not apply to the trade of the Far tence. He came to the management of the we have sold, as you perceive from the East except in one department-namely, in company when it was almost in a bankrupt report, some half-dozen of our old ships, the export trade to Australia, which is condition, with the fleet standing at £35 and, I am glad to say at a clear profit; for the present good, and I only hope per ton; he leaves it with several millions we have, in fact, earned a net profit on that the recent drought in that country of accumulated capital in ships and in who was warmly those vessels, after allowing for every will not prevent its being satisfactory on money, and in the forefront of the mer received, said Ladies and gentlemen, thing, of £36,000, which passes automati ho return voyage. His last service, and not his least, has been cantile marine of this country. - (Cheers.) at our last annual meeting we had the cally to the credit of our stock in ships, pleasure of laying before you a very and there serves, as it were, for an extra trade alone in this country which is better India Company with the P. & O. Com- to secure the amalgamation of the British favourable statement of your affairs, for amount of depreciation in addition to than usual, and that is the supply of pany The advantages of that amalgama- the period then under review was one of the £450,000 which I have already explain material for the purposes of this war tion are not to be seen to day, but one our most auccessful years of recent date.ed to you as being charged. Our tonnage The transport business of this company great advantage is that he has been able I should have been only too glad if we therefore stands, as always, at a very and of all the shipowners engaged must had been able to put before you similar moderate figure. The gross figure is certainly come within the category of war We, the directors, always felt that when to provide a worthy successor to himself. figures to day, but you are accustomed to £7 95. per ton, and allowing for our cash material, and we may venture to hope that we lost Sir Thomas Sutherland we should fluctuations in business, and know that reserves, it works out at £3 3s. per ton that account will amply compensate for have a grave responsibility thrust upon no two years in shipping accounts are and considering that our whole tounage, any deficiency which may arise in regard us in considering who was to be his over exactly the same; and we informed | including not only mail but cargo vessels, to our normal business. But it is im successor, for it was clear that the man you that we anticipated a relapse incost £22 175 per ton, you will easily possible to foreses what changes will be chosen should not only be able nad experi profits-not that we expected to be faced understand that our capital account in produced by this terrible war warenced in shipping matters, not only be an with a great war, but because of the that respect stands in a very healthy thrust upon us by the perfidy and vainable man with a firm character, but that enormous amount of shipbuilding, not position. If I were asked my opinion on ambition of a great Power, which he should have a knowledge of Indian only in Great Britain, but throughout the the subject I would say that our fleet, ns imagined, among other things, that we ways and Indian society, that he should world, and also on account of the growing a going concern, instead of being worth were a decadent nation and that our cost in all directions of navigation expen- £78s, is worth at least £14 per ton. Empire would in due course fall an easy diture, more especially in the case of mail (Hear, hear.)
prey to tho despoiler. I would fain and passenger steamers such as our own.
believe there is some change in public opinion, even in Germany, in that respect There is one shining light in our darknes and in the trouble by which we are sur rounded; it is the manhood and self denial of our people and out Allies and the splendid loyalty of a great Empire, for which we shall never be too grateful or too proud. (Cheers.)
Providentially, I think I may say, we laid aside a very handsome appropriation to our reserve fund; we put aside £200,000, which still remains thore, and our total reserve fund may be computed as ticarly as possible at £2,000,000.
INDIAN AFRICAN LINE. simply in a nutshell. Let me tell you
Cargo carried on through Bill of Lading from HONGKONG to BEIRA, DELAGOA BAY, DUEBAN (Nata), EAST LONDON, PORT ELIZABETH and CAPE TOWN with transbipment at COLOMBO to Steamers of the INDIAN AFRICAN LINE.:
FROM HONGKONG 1-!
2918 Jan.
PROPOSED BAILINGS: Connecting with
“SURAT"
FROM COLOMBO J.
17th Feb.
EXCELLENT ACCOMMODATION FOR 18Z AND 2ND CLASS PARENGELE,
ORIENTAL AFRICAN LINE
Regular Direct Service from JAPAN, CHINA SURATTB to BEIRA, DELAGOA BAY, DURBAN, FAST LONDON, PORT ELIZABETH and CAPE TOWN, calling at MAURITIUS en route, and affording the Quickest Freight Transport from the ORIENT SOUTH AFRICA.
PROPOSED BAILING ....
"SALAMIS"
End Feb.
From Hongkong and
FIRST CLASH AOCOMMODATION FOR PASSENGERS, FITTED WITH WIRELESS TALEGRAPHY,
For Hates of Fright and Faange, apply to
211
THE BANK LINE, LIMITED, MANAGING ÁĢEUZE,
THOS. COOK & SON.
TOURIST. STEAMSHIP AND FORWARDING AGENTS,
BANKERS, 270,
Head Once for the Far East 16, DES VOUX BOAD, HONGKONG. SHANGHAI: 23, FOOCHOW ROAD, YOKOHAMA, 32, WATE Bremer
MANILA :-MANILA HOTEL
TICKETS SUPPLIED to EUROPE by the principal STEAMSHIP LINES and
TRANS-SIBERIAN RAILWAY, AND
TOURS stranged to ALL PARTS of the WORLD. BAGGAGE collected, forwarded and insured at lowest rates.
LETTERS of CREDIT and CIRCULAR NOTES ISSUED and CASHED, FOREIGN MONTES Exchanged
CEIP OFFICE: LUDGATE CIRCUS, LONDON, E.C. Hongkong, 3rd July, 1914.
[133
(CHAPOTEAUT)
A LING & CO..
19. QUEEN'S ROAD CENTRAL
NURNITURE AND PHOTO GOODS
FURNITUR
STORE.
Photographic Goods of Every Description
Developing, Printing and Enlarging.
Canton Marbles in Varlons Shades
THE PHONE 1219,
Hongbong, 18th April, 1914.
APIOLINE
Stock.
THE NEW FRENCH REMEDYS THERAPION NI
FIRES DISCHARGES, ESTUEP SEX WITHOUT INJECTIONEA
THERAPION No 2
QUIRES FLOOD POLZON, BAD LEGS, BIIN. ERUPTIDEN.
THERAPION NL 3
GOREI ORADNIG WEARKESSES, DRATNO, LART WCOR/kd" BOLU ME LEADING GHÉMIarš, PRICKW ENGLANDzis" BEIDSTAWY AWANG HD. 09
SVELOPË FOR (FREE BOOSTO DELI
LACURS
·LAYERSTOCK KO, KLAMPSTEAD, LONDON, 1ZOWYOU TETNEW DRĀGEN(TASTILES) FORM OF FAST" TO TAZE)
THERAPION
SEE THAT ZRADOS. ŠĀNERIDES WORD "TERRAMUNĖ, O
WHERE SHARANG AFHSEB TOALL GENOTNEYADAKIKA "
ON HAVING TEIKATIONEN
[109
LADIES
SAFE PERED
- For functional troubles, delay, pain and those irregularities" peculiar to
Prescribed by the highest French] 34dfoni 'autherittan and superior to Tansey, stoel Drops and Penny quyal GHAPOTEAUT, 6. ros Vivienne, Paris.
79-3
WAX KIBAS.
allude in
"A PERSONAL NOTE: THE AMALGAMATION WITH THE BRITISH INDIA COMPANY.
(Hear,
have a fair knowledge of Far Eastern matters, and that he should be accustomed to deal with officials both on this side and
WEATHER REPORT.
On the 19th at 11.159.m.- Pressure, has uaressed guickly cer Western Japan and lightly at Haiphong. It has decreased algo- whore, sapnoisily over South Japan.
The depression and satd-syclone have both pared into the Pecillo and are res ve hathe pressure is indicated upon the continent Uffa. morsing. Tas monsson will probably freshen over the China Cast and adjacent waters."
Hongkong rainfall for the 24 hours ending at 10am, to-day, 0.00 inches,
The forecast for the 24 hours ending at noon to-day is as follows p
FORRHARTS
THE GOVERNMENT AND THE COMPANY'S FLEET,
the Gher. It was difficult, we thought, You perceive by the report that we have
to find a successor with such varied quali had upwards of 200,000 tons of shipping
fications, but, happily, Lord Inchcape, who has succeeded him, has these quali that is to say, half our fleet commandeer
cations in an eminent degree, and we ed for the earth report to the great
fool perfectly safe in refeeting that he is difficulties which we have experienced in
about to assume the great responsibilities RESULTS OF THE YEAR'S WORKING. S carrying on our mail service, although we
of commanding the two undertakings and of being the chief of the P&O. and the Now, whether it would be sound policy have carried it on with remarkable success. to pay a dividend out of reserve in time Our difficulty was, in the first place, that
British India Companies. We wish him. all success in his management. (Cheers.) of war is entirely an open question, but we had to find ships somewhere, we had
I should like to say one word more beforo we are not face to face with any dilemma to find crews, and we had to find coal,
And now I must close my remarks with sitting down that is, that Sir Thomas of that kind on the present occasion, for which last was commandeered at many
a personal note, which is a sad one to me, Sutherland will carry into his retirement although the year with which we are con Eastern ports in a wholesale manas for I have now to intimate that ray long the high regard and the affection oven cerned has not been a brilliant one, it is his Majesty's Government. As for the career in your service will very shortly of his colleagues, and he will also carry certainly up to a good average, especially crews German lies spread through the as it includes the effect of two months bazars of India like wildfre, and, come to a close. My colleagues have been with him the sense that he has done a working in this devastating war. Webined with the exploits of the Enden, aware perhaps for the last 10 years that great work for the company to which he
I have been ready to retire from my posi
has devoted his life. We wish him long earned a cash profit of not less than sent hundreds, if not thousande, of our £750,000 after meeting Debenture interest Lascar crows to seek refuge in a Porta- tion in the company whenever a competent life and health and strength in his honour
successor appeared on the horizon. Butable retirement. (Loud cheers.) to the extent of £03,000, and therefore we guese settlement rather than serve they have shown such confidence and
The Chairman then put the motion, anil pay you, with an easy conscience, the same board a British ship. We had, in fact, i toleration towards me that I have remain it was carried unanimously. Continuing, dividend and bonus as heretofore, which more than one case, the example of ships ed in office perhaps against my own judg he said: The next motion is:-That a I am sure will be satisfactory to all con leaving India quite undermanned, as it ment; but, to adopt an easy simile, “1
dividend for the half-year ended Septem" cerned. (Cheem.) On the present was impossible to find men, but they were have been riding at single anchor and tier 30th last of Sp per cent. on the pre- occasion I do not intend to enter very helped very much by soldier passagers ready to hoist my blue peter at the shortest ferred stock, and a dividend of ef per largely on the details of our accounts, whom they carried and also by the notice. Our alliance with the British cont with a bonus of 5 per cent. on the because the most important figures li passengers themselves, who took to wash India Company gives me the opportunity deferred stock, as recommended in the ing of decks and at working of baggage of retiring from the field. This purpose report, be- now declared, and that pay- what those figures are. In the first place, which was certainly a very novel experi was definitely in my mind sone years ago, mont for the same be made, foss income- we have a gross revenue of £4,831,045, once on board a P. & O. steamer. (Hear, showing to a certain exten: the character hear, and laughter.) I think myself that and especially when I brought forward tax, on and after the 19th inst
the important subject of this amalgama- Mr. William Gair Rathbone seconded of our business. In the next place, after it is altogether to the credit of the comtion. For although the management of the motion, which was carried unani- meeting the very large depreciation of the pany that they have been able to carry these two companies is to a certain extent mously. year and laying aside depreciation to the on this important mail service to India, different, the control is under a single The refiring auditors. Mr. William extent of £450,035, we arrive at a net to China, and to Australia, despite the board, and whoever is chairman of this Francis Courthope and Mr. Frederick divisible profit of £291,937, and we carry obstacles which have lain in their path board must direct the policy and working Augustus White, were afterwards ⠀ re- forward a larger balance than that of (Checra) I have no doubt that the crew of both companies with such minute super-elected. last year-namely, E08, 234.
question will eventually settle down, but vision as to be able to satisfy his colleagues The Chairman-Ladies and gentlemen, as regards coal, I am sorry to say it pre sents itself to my eyes as a very black and il proprietors that all is well. This that concludes the business of the meeting. We have had to meet very exceptional spectre, for we have not only high prices double task is more than I could expect expenditure on coal, wages, and pro-at the fountain bead, but we have to accomplish to my own satisfaction; and visions throughout the working of the
enormous freights at Port Said and other with the approval and, perhaps, regtct of year, and we also have an absolutely ports in the Mediterranean, because the my old friends, and especially my entirely new item of expenditure. I Black Sea is now closed, and these freights colleagues on this board, I shall gladly allude to that under the head of war risk, are at the present moment, I believe, fully resign the work into the hands of my
valued friend, Lord Inchcape, in whos amounting to £31,000, which is equal for a 100 per cent above the normal figure capacity 1 Brmly believe. (Cheor.) H whole year to something like £180,000 if That will be in the year which we are now has had a distinguished career, and is at, war were to endure for that length of beginning to work a serious item of cost time, and I say that it was on the part of I may say that it is ont first experience, experienced and accomplished shipowner. the Government splendid policy to and, I believe, the first experience in the fervently hope that he will have health undertake this responsibility in concert shipping world, to have fleets commandeer and strength for the great and honourable with shipowners themselves. (Hear, ed instead of ships being chartored; but duty which now lies before him.
hear.MAA KE hear.) It brought order out of chaos, it here again I say, as with regard to insur I find it a little difficult to realize that allowed business, which had been paralyance, that this was the wisest course the I am ringing down the curtain on a zed, to be resumed, and ships to go to Government could possibly have pursued, scone in which I have played a part sea, although I fear that the business was because thereby they secured an enormous
for so many years. I came, as you know, only of a moderate character, and freights and overwhelming tonnage in the shortest to the chief direction of your affairs in ware inconsiderable. I know in more than possible spacs of time. We shipowners days of adversity, when the opening of one case the freight earned outward from are, however, still ignorant of the terms the Suez Canal brought forward a host of the Port of London, was less than the of payment. We are receiving modest. actual amount of the war risk insurance instalments on account at least, they opponents who knew your weakness and These war charges have en slightly appear to me modest, viad vis to the dis were ready to devour you. You may have Rongbang & Neighbourhood dorate to abi
heard an old Arab proverb which says, reduced now in the case of cargo, but they organization of our business; but whatever The village dogs bark, but the caravan Formos Channel are undoubtedly far too heavy, and I fear the final settlement may be and let us passes. Well, our caravan has passedesign they will defeat the purpose of the hope it will be settled before the end of and goes quietly and steadily along. In South coast of Ohios between The Amer Government, who desire to have, if the current year, as we hope the war may the 34 years during which I have occupied Hongkong and Lamooks, possible, a large credit balance to the be whatever final settlement is arrived at, this chair it is a gratifying memory that Bouth coast of China between (The same as working of this account-not, I suppose, the result will be credited in the accounts not one hostile criticism has ever been enough to pay off the National Debt of next year, for we have taken no credit directed against the policy of the board. laughter but enough, at all events, to whatever for the instalments in these (Cheers.) And now I have to say farewell, allow for the arrangement of certain accounts, and have merely credited certain but believe me my affections will always charitable objects which the Government receipts for the last Indian transport cling to the old company, for is not our hava in view in connection with sailors, season, which ended months before the
motious separabit 7 My deepest We endeavoured to persuade the present war began. Here it is by day to gratitude is due to my old colleagues with Government and I think we had good mention that upwards of 400 members of whom I have worked so long, to that our staff are now serving in the Army reason for doing so that war risks on
head and leader for so many years; and mail steamers should be carried by the or the Navy (Cheers.) There are officers great service which has looked to me as its Government, and not by us, because mail belonging to the Naval Reserve and not last, but not least, to the great body of steamers are equally under the contract belonging to the Naval Reserve, there are and, in fact, more ander the direct con-engineers in large number, and mecbers Proprietors, whose confidence and indul- tract with the Government than one of our clerical staff, all of whom, I think, sent kindness I have always known. And transports are, where the war rides are would have been willing to volunteer if these are feelings which I shall cherish for ever and a day. (Cheers,) I now beg always met by the Government. Indeed, we had been able to allow them to do so.
to move! That the report and statement we had to meet a great peril a short time Hear bear) We have undertaken on of accounts, now read, which have been ago, when the Emden was making those your behalf that these brave men shall not circulated among the proprietors, be Westha wonderful raids in the vicinity of Ceylon, Buffer in pay or promotion (hear, hear)— Once, month we have 12 steamers and I am confident you will approve of adopted. Faltogether which call at Ceylon, and it this generous policy on the part of the
is to me almost a miracle that they all board. (Cheers) escaped capture by that remarkable
Sir William Adamson, C.M.G-1 bag cruiser. But we have at the present Now, reverting for one moment again to second the motion which has just been moment, and have had for some time, to our accounts, I mentioned that they moved from the chair, and in doing so. I other dangers to encounter on this very include the months of August and Septem wish to say a low words for myself and coast on this coast where there are no ber, at the beginning of this var. I need on behalf of the board generally, and lights, where mines and submarines hardly tell you that there was a collapse especially of that portion of the board- appear to be scattered everywhere, and and a paralysis of the world's trade dur which has been associated with Sir Thomas where we have to encounter the tempestu- ing these months which would alone Sutherland in the management of the ons weather which has been common to us account for a slump of £150,000 in our affairs of the F&D Company. As he during the last few weeks. We have no profits for the whole year a greater has just told you, we have long known it direct knowledge of the localities in which slump than I have ever known in the was his intention at a convenient oppor- our, oruisers and hospital ships are history of the company since the days Lunity to resign his position as chairman employed; because that information is when the Suez Canal washed away the and managing director of the company,
20 12524 5m 640 carefully kept within the purview of the whole foundations of the company. Now When he told us the other day that the Wed. Government and the Censor, but we say that trade is resumed, but I say time had fully come when he should hand occasionally news leaks out, and we know it is resumed only on a very limited scale. in his resignation we could not say that Thurs. 21m 0186 1
20 that several of our vessels are at present. If we were to say Business as usuel" we should refuse to accept his cherished
22 m 0 56 5 3 employed on this dangerous coasting the statement would not be true, id in wish in that respect. You can quite Fri. work, on which we hate to bear--I think the Festern trade, in particular, that is understand that we do not quite realize most unfairly the risks of navigation the case, because, the business of the East what it means to lose the service of a Batur 23 un 139136 m 825129 except on those cruisers which are manned a largely Continental perhaps tɔ a man who has been so closely identified entirely by the Government; and I can larger extent than the trade of the East with the company for so many years, and only hope that the experience and the skill with Great Britain, ↑ The P. & 0 Com | who has to successfully carried on its Mon. of our officers, of whion we place reliance, pany are not large carriers of cargo, but work. You, the propriefors, have known will preserve the company from those we expert in normal pears at least 200,000 in general the result of his services, but Tass, dangers, which I have pointed out. I tons of cargo from the Continent, mainly you cannot know as we know how steadily, (Cheers)
from Antwerp-elas↓ where is Antwerp how uniformly, in all etrcumstances he
TRADE AND THE WARM
CORDIAL RECOGNITION OF SIR T. SUTHER LAND'S SERVICES
DISTRICT,
NE winds, mo
fair to cloudy. (NE winds athening,
No
Hongkong and Hainan 1 HONGKONG METEOROLOGICAL
REGISTER.
Hongkong Observatory, January 19th,
¿Provionz On DatejOn Dáte
·Day
Barometer
Temperature Hamidity. Wind Direction, Force
st % pan; 6 am,
30.30-30.23
30.16
60 47% WNW WNW West
-58
64
[23:
Highest open air Temperature on 18th-61 Lowest open air Temperature on 18th 53.
Week
HONGKONG TIDE TABLE,
From 30th to 26th January, 19.5,
HIGH WATER
Height
H'kong
Mean
Time
ft;
LOW WATER.
B'kong
Mean
Line
~Height.
16
5. 47
33
7:14
7
6 46 3 5
7.49
25
2:39 4.9 8153 6
3 21 a 5 2 10 18 3 5
Sun,
24 m 3-41 409332
3 4
45 mm 6:13 | 37m 0131
£ 519 m 9 44 No infer high-m 1.4|+6 06378 64 nor low water
26