TILLATIONS
PIANOS
ON
HIRE
At $10 Per MONTH.
TUNING AND
THE HONGKONG DAILY PRESS, THURSDAY, APRIL 8TH, 1915.
COMPANY MEETINGS:
SOY CHEE COTTON SPINNING CO
LIMITED.
The twentieth annual meeting of the Soy Chee Cotton Spinning Co., Ltd., was held at the office of the Company, No, Kiukiang Road, Shanghai, on the 31st ult, Mr. H. Arnhold presiding The other directors present were:-Moss G. A. Richardson, J. C. Dyer, A. Hoettler and O. Mordhorst. The attendance represented 9,871 shares.
YANGTSZE WHARF AND
GODOWN CO.
The annual general meeting of the Yongts Wharf & Godown Company, Ltd, was held at the effos of the general agents (Messrs Carlowitz & Co.) at Shanghai last week. Mr. B. Rosenbaura presided, supported by Messrs, son and H. E. Arnhold (directors), R. Laurenz, G. Heusser, II. J. White, and C. Toffman (Secretary),
accounts DEF
"
SHIPPING AND THE RICE TRADE
INTIMATION
JUST LANDED:
HIRANO MINERAL
WATER
55
IN QUARTU, PINTS AND SPLATS.
Bottled by the
Ltd., Osaka,
The forecast of a boon in homeward frights from the East is in process of be- ing fulfilled in a remarkable manner, writes a correspondent of the London A steamer has been Morning Post. chartered to load a cargo of rice from Saigon to Marseilles at 758. per ton- a The notice convening the meeting hav. clear rise of 103, per ton over the rate ig been read, the Chairman sad.--Gentle which whs agreed on for the previous monThe report and accounts for the steaner. The steamer referred to will sail year ended December 31st, 1914, have been from Bombay round to Saigon in order te in your hands for some time and with fulfil her charter. This is itself almost IBRERIAL MINEBAL WATER CO., your permission I will take them as cad. unprecedented, as there is a largo export The Chairman in the course of his Mr. G. Wailumier bas as usual verified of grain from Bombay, and the rates of
and has mado the freight from Bombay are generally sus address said: At the annual meeting
ceptible of an automatic adjustment last year I pointed out that it was diffi-following report:- cult to say anything regarding the out I have obtained all the information which ensures that a steamer discharging look for 1914, and your directors regret and explanations I have required and in at the port shall load outwards from that REGULAR ATTENTION that the result of last year has not been my opinion the above balanes skeet is port or from Karachi at a rate which wil
as satisfactory as they would wish. At properly drawn up so as to exhibit to pay the owner, better than if he were to of Japan, Officially Reeammended
and correct view of the state of the Com Bond his steamer right round to Indo- the beginning of last year, business
any's affairs wearding to the best of my tarted very satisfactorily, but the slump information and the explanations given China. Now, however, although the rate in Japanese yarn in about Merch to me, and as shown by the books of the from Bombay has risen to about 453, per ton; it was quite insufficient to induce caused prices for local yarn to drop.con Company" siderably, and reductions had to be made As to the results of the last year's work the owner to keep his steamer there, when on contracts effected early in the year ating, you will not have been surprised to so much as 768. per ton was offering for high prices in order to exable dealers to Rote a considerable falling off of our the conveyance of a cargo of rice from take delivery of their yam. The market gras earnings, since you are aware of the Saigon.
This, of course, can only mean that was on a declining basis all the year fact that, owing to the unforunate war, round and the margin on yarn sales was our principal supporters had to with- Bombay shippers will have to raise their very small. Tim profit of the year is Tls.draw their steamers from the sens at the rates in order to compete with the rica 41,304, 13, which, together with T. 5,215.89 outbreak in August last and that, owing shippers, and thus the competition for brought forward from last year, gives us to the general disorganization of trade the shipowner's services which has so of the amount of Tls. 46,70.02 for appro following it, very little outside support ten been referred to in this column as reuld be found. It may be caid, however, priation.
The Directors propose to deal with this that the results of the first seven months the basis and origin of all freight, rises, of the year under review had heen vey will become more strenuous than ever, sum as follows:
promising, in fact, better than n the pre with still higher freights as the inevitable
INCLUSIVE.
S. Moutrie & Co.,Ltd.
[31-3
PRINTING & BINDING
OF EVERY DESCRIPTION EXECUTED AT THE OFFICES
OF THE
"HONGKONG DAILY PRESS,'
Tls,
14,730.48 To write off for Depreciation.... 25,000.00 To Geroral Agents To carry forward to new Ac
count
To place to Dividend Equa-fei
lization Fund
ceding your und, had it not bean for the
war, we would have done very well in
1914
By appointment to tho fmpärill Household
Medical Colleges of The Imperial Universition of Tokyo and Kyoto,
(SAMPLES FREE}
SOLE AGENTE:
CALDBECK,
MACGREGOR&C.
G. MOUSSION,
18, M02318ON HILL ROAD,
result. The sonreity of semere East is still so pronounced that a large vessel discharging in Barcelona is stated By reducing salaries, wages and general by the owner to be destined for one of the 4,130.41 expenses as much as possible we have been rice ports, This vassall would, in the or able to economize and, in spite of adverse dinary coune, proceed to North or South 2,859.13 circumstances, not only to cover our run-America, and a reference to the map will
ing charges and mortgage interest but to show the great length of the voyage in FRENCH LESSONS Tis....46,720.02 net a profit of Tis. 5,884.07, to which the ballast which will be made in order to balance brought forward from 1913, boing meet the needs of Eastern shippers. It added, the sum of T's, 11,997.80 remains is anticipated that a very large proper to be dealt with: This sum it has beention of the steamers at present discharg sent East instead of across the Atlantic. ed as follows:-
The resultant scarcity of vessels available To write off on Buildings, Fon
toons, ete. To write off furniture 10 per cent 18.089 American grain shipments must, 7,640.33 within the next few months, and it scens to write off crane 10 per cent.... 152.61 therefore, almost certainly be badly felt
and to carry forward .....
Tis,11,997,90 Iroights can see any diminution for a long time to come. On the contrary, the In accordance with the regulations cur only logice result would seem to be Company has been registered at H..higher freighty than ever.. Consulate General.
WHICH ARE REPLETE WITH ALL THE LATEST AND MOST UP-TO-DATE petition that mills would have to face decided by our Directors to be apportioning in the Mediterranean will be nov
APPLIANCES FOR THE PROMPT PRODUCTION OF...
HIGH-CLASS WORK.
ILLUSTRATED CATALOGUES.
PRICE LISTS.
CIRCULARS
BALL AND CONCERT PROGRAMMES,
INVITATION CARDS.
VISITING CARDS.
AND
You will remember that last year, as well as two years ago, I referred to the com- now. You all know that competition is the more felt the quieter the market, and I regret to have to say that during past your we have been snfering a great deal We have at times found it rather difficult to find ready sales for our yarn, and during the quieter times of the year we, therefore, had to carry heavy stocks which not only cost us interest but also resulted in a loss, as prices, especially after the outbreak of the European War, declined heavily.
from same.
1,000.00
[428
A NEW PAINT FOR THE EAST.
almost impossible that the present high | 66. CYGNITE"
(Registered),
"CYGNITE" is a white paîné
Tropical climates. ready for the brush specially prepared for
A very large proportion of the rice ship- no questions, and the ped from Burma has hitherto gons to Thore wore The Chairman then alluded to certain following resolutions were unimously Hamburg and other German ports. The Germans have many large and extensive changes at the mill, a result of which the carried: quality of yarn had been much improved, Propizenz: That the report and a polishing of rice, and they export it to Proposed by the Chairman, stounded by works for dealing with the cleaning and and continued:
By introducing new chops we have in counts as presented ha approved and this country in normal times. creased the selling cladices of our spin pessed:
The deconded by } industry will, of course, mast with a tre- Proposed by Mr. nings, although, of course, new chop. HO: White: That Messrs. H. Emendous art-back in the existing circum- of White Leads and Zines that they will Arnhold, and Boulsen ne re-elected stances and there would teem to be a pro-
This
IT is common knowledge among usah
COMMERCIAL STATIONERY tively low prices in order to interést the ends on G. Boulay at the tesising held for enterprise in this country not stand outside exposure in hot climates.
OF EVERY DESCRIPTION
AND
DESPATCH EXECUTED WITH NEATNESS, ACCURACY UNDER EXPERIENCED EUROPEAN SUPERVISION. AT REASONABLE PRICES.
BOOK-BINDING
IN ALL ITS BRANCHES.-
MACHINE-RULING, GOLD-LETTERING, MARBLING, Ero. EXECUTED ON THE PREMISES AT THE SHORTEST NOTICE.
LAW WORK A SPECIALITY.
LEDGERS AND ACCOUNT, BOOKS.
have to be put on the market at compara Chinese dealers in sanes Owing to the outbreak of the war, we have unfortun aetely been prevented from deriving the full benefit from our new mill, as part of the machinery was on board an in terned steamer at Masila. The new mill consequently did not work at its full er pacity until October, and as a resul thereof the cost of the yarn spun there in was raised considerably so that we have derived no profit whatsoever from this mill during the past year. The new mill, however, working satisfactorily now and the yarn spun is of a very good qua lity, so that we are able to dispose of our As a production at very good prices matter of fact, we have sold our spin- nings of our new mill up to the end of next month.
The Chairman preceded to explain various items in the account, and cca- cluded:-
AT PRICES VHICH COMPARE FAVOURABLY WITH THOSE OF ANY venture to express sny opinion, as the OTHER ESTABLIS.IMENT IN THE FAR EAST.
ESTIMATES FURNISHED.
With regard to the future, I do pat present state of this country is such that events may happen which will greatly af-1 fect the market. Up to now the working of the mill has been satisfactory, and if the present demand keeps up, we shall
10a, DES VŒUX ROAD. HONGKONG. no doubt be able to show a better realt
WM. POWELL
LTD.
TELEPHONE 346,
JUST UNPACKED:
PERFECT
STRAW
HATS
GLYN&CO 44.Old Bond St
FITTING.
LONDON.
HAND-MADE STRAW HATS.
EASY FITTING
LIGHT IN WEIGHT,
WM. POWELL, LTD.
SOLE AGENTS, FOR “GLYN'S."
44, OLD BOND STERET, W.
[101
THE ANGLO-GERMAN BREWERY,
LID.
1915.
Proposed by Mr. Arnhold, seconded by Mr. Boolean: That Mr. G. Waileumier be re-elected auditor for the year 1975.
The meeting then terminated.
J
ANGLO-FRENCH LAND INVESTMENT CO.
in the direction of preparing all our own rice for use at home instead of having to rely upon our neighbours Our French Allies, however, import large quantities, prinsipally from Indo-China, and this, is chiefly shipped to Marseilles. In the South of France there are large factories which will now have great opportunities for expansion.
There has been a considerable falling The annuna general iaceting of the off in prospective shipments of grain Anglo-French Land Investment Le Ltd, from South America within the last day was held on the 29th ult. at the office of or two. This is chiefly on account of the the agents Mears. A. R. Burkill & Sons, carnivals and holidays which take place Shangani In the absenes of Mr. AW. at the commencement of the Lenten Burkill, Mr. Cecil Holiday presided.
The Ubairman, dealing first with the on. A more disturbing factor, how- Balance Sheet, said the Company's issued ever, is the report of five days' heavy capital had been reduced to a 1,300,000 rains, which has caused great delay in and the assets under Property Account the tramport of grain to the various were thus also reduced to correspond. exporting omtres. From North America An adjustment of the book values of all also few steamers have been chartered. the Company's properties had been made, Such rates of freight as have been offered, the Directors considering the prerat op however, while they show perhaps no very portunity, viz. the reduction of the Com appreciable advance upon recent figures, shareholders, & suitable one to place the go to show that any considerable increase properties on a fair basis of values: Some demand must result in higher freights of the properties had been wriston up in being obtainable valno and others written down, the next result being that the property account as
a
whole had been reduced by the sun of
of
Tia, 3,742.70. This adjustment of values, next year.
The report and recounts were parsed needless to say, had the full approval
the Company's Auditors. without discussion.
Uwing to the dificulty in obtaining safe loans since the outbreak of War the Interest Account has suffered somewhat but this was unavoidable and they could only hope that during this year cream At the annual general meeting of the stances in this re peet will alter for the better, The Directors recommended the Anglo-German Brewery held at Shang-placing of Tis. 48,742.70 to Depreciation hai last week Mr. C. W. Wrighton, the and Renewals Account, which will then Chairman, said, in the course of his re-stand at Tla. 110,000. The total book view of the Company's accounts, value of the Company's buildings is Tle. that the first seven months of 1014 494,900, the amount set aside for their proved a record for the sake of beer, depreciation woul. The torpets but the outbreak of the war and the sub nearly 25 per cent. The prospects for the sequent participation of Japan therein current year the Chairman said were rendered exports from Tsingtao impos, favourable. A few Chinese houses are sible. During the siege the local manager now empty but this was, contequerit on succeeded in obtaining higher prices for the usual exodus about China New Year local consumption from the Tsingtao and they did not anticipate any difficulty selling agents, which increas compensat finding fresh tenants. When the war in Europe was concluded, the reduction to ed to some extent for the loss of the ex- port business. During the bombardment Foreign tenants would cease and pro- macy rumours were afloat to the effect vided the company's income remains that great damage had been done to the normal, the Directors intend to introduce brewery, which happily proved an exag- the payment of an interim dividend. A geration. As soon as practicable, Mr.emall amount of farther building is being Verney visited Tsingtao and shareholders done on Estate M and during the cur rent year the rebuilding of Estate B will were informed of the true extent of the damage by circular dated December 9, be undertaken. 1914 All repairs have shoes been com- pleted and the buildings are now in as good a state as ever.
The balance of profit and loss account of last year's working amounts to Hex. $69.257.43, which the Directors recommend- ed be appropriated as follows:- To write of Machinery Account
10 per cent.
To write off Property Account
5 per cent.
$12,010.52
The report and accounts were passed on the motion of the Chairman esconded by Mr. E. S. Kadoorie
The following resolution was proposed by the Chairman and seconded by Mr. Lin Chang-yin, and carried:-
To pay a Dividend of Tla. Bl.
per sharo To place to Depreciation and
Renewals Accounti Carry forward
Tls.
Tis.
WAR NEWS.
INDIA AND THE WAR.
As a result of an appeal by Sir James Meston over ten lakhs of rupees has been. subscribel in the United Provinces districts to the Indian Relief fund.
THE LONELIEST PRISONER.
AMUSING MISTAKE OF GERMAN OFFICIAL
Miss Margaret Harvey, 96, High- etreet, Harrow-on-the-Hill, wrote to the Times last month have sont many Since Christmas I have many
grateful parcels to our prisoners, and in many case have had touchingly acknowledgments from OUT poor men themselves. But in one caso a parcel I had addressed to the loneliest British prisoner of war was politely acknowl- edged by a German official, who wrote that the contents of my parcel "had been distributed among the British prisoners, it being utterly impossible to had out, which is the loveliest of them."
COST OF THE WAR.
A London cable to the Statesmin says: Mr. Edgar Cranmond, an economist who find made a special study of the subject of war finence before the present struggle began, has just delivered a lecture before the Royal Mr. Chumond catimuates the total annual Statistical Society on the cost of the war expenditure of Great Britain, direct and indirect, at twelve hundred millions sterling and that of Germany at twenty-seven hundred millions sterling. The total expendi ture direct and indirect of all belligerents on
"OYGNITE" does rot assume that glassy condition of White Zine or the powdering off effect of White Lead.
"CYGNITE" is ideal for Household or Hospital, Yacht or Bangalow decorar tion.
Stocked by the manufacturers in handy pots of 71bs, nett.
WILKINSON,
HEYWOOD & CLARK LD.
(HONGKONG BRANCE),
ALEXANDRA BUILDING.
Telephone: 763.
[108-1
ASAHI BEER.
THE DAI NIPPON BREWERY
ASAHI
BEER
& CO. TOKIO
JAPAN.
84,500.00
48,742.70
purposes connected with the war is, according OBTAINABLE EVERYWHERE, 6,738.40 to Mr. Cranmond's calculation, nine thousand
$12,37.00
$24,210.52 Dividend to Shareholders & per
$26,610.00 rent.
Mr. E S. Kadoorie and Mr. Li Carry forward to 1915 account. $18,34.91
Chang-yin were re-elected directors of 860,27.43 the company and Messrs. Lowe, Bingham aad Matthews were reappointed auditors.
The report and accounts were adopted.
million sterling or over twenty-five million a 135,081.10 day. The city is already discussing the prospect of a new war loan at the end of April, ive months after the issue of the first loan of three hundred and fifty millions, which was greatly over-subscribed in the latter half of November.
SOLE AGENTS:
MITSU BUSSAN KAISHA.
HONGKONG.
[381