Page
#TIMATIOND
TES HONGKONG DAILY PRESS, MONDAY, FEBRUARY 21st: 1916.
S.Moutrie & Co., Ltd.
PIANOS
ON
HIRE
FROM
$10 Per MONTH.
COMPANY MEETING.
HONGKONG AND SHANGHAI BANKING CORPORATION,
THE BANK'S. JUBILEE.
Write off Bank premises account 8500,000, and carry forward to next year 83,027,219.89. being $420,000 in excess of the amount brought down from the pre- vious account.trust gentlemen that this distribution will moet with your approval As you will have noticed in the report, the change in the securities composing the sterling reserve fund cost The ordinary yearly meeting of the same pots. Our storling reservo furd of
£70,000-which was met out of the shareholders in the Hongkong and Shang- £1,500,000 is now entirely invested in hai Basking. Corporation was held at the the 4 per cent War Loan, which stands City Hall at noon on Saturday.
The in the books at par; for many years to came there should be no tax on profits in Hu, Mr. D. Landale (Chairman of the way of writing down sterling reserve Directors) presided, and those also pre. fund investments, as your directors con- sent were Mr. W. L. Pattenden (Deputs sider that no matter what the market quotation may be, a reserve fund in- Chairman), Hon. Mr. E. Shelfim Hon
vestment in a British Government 4 per Mr. P. H. Holyoak, and Messrs. S. H. cent loan redeemable in thirty years, and carrying with it the right of conversion. Dodwell, G. T. M. Edkins, C. S. Gubbay without penalty into any future loan and J. A, Plummer (Directors), slengra ecd at a higher rate of interests may In with the following.
safely be left in the books at par shareholders
dition to this £70,000 claimed by the sterling reserve fund, the writing down of the Bank's other investments to below resent market prices absorbre some $4 acs, making the total amount of the year's profity used for the purpose of writing down securities $1,200.000.
Dr. J. W. Noble, the Rev. Father L Robert, Messrs. A. Findlay Smith, H. W. Looker, A. 8. Cousland. D., K. Moss, F. Smyth, W. E. Clarke, F. Maitland, H. Percy Smith, J, W. C. Bannar, H, Ham phreys, Ho Fook, Gr C. Moxon, TE Pearce, J. H. N. Mody, D. MacDonald, W. R. P. Thursfield, G. A. Hastings, Ho
TUNING AND REGULAR ATTENTION Km Tong, J. H. Taggart, W. Dunbar,
INCLUSIVE.
TO LET FURNISHED.
From Mid-April, 1018.
RAIGMIN EAST, 10% PEAK. Moderato
Tent. Year ruger. Apply
T. K. DEALY,
Craigia Best, or
Qoen's College,
Hongkong, 19th February, 1916.
TO LET FURNISHED.
[205
For two months from the end of March.
(29-1
TO LET.
ALEX, HOSS & Co Liquidators, WM. MEYERINK & Co. Longkong, 9th February, 1910.
TO LET.
Ha Wing, A. H. Barlow, E. D. Haskell, K. W. Gazdar, G. Piercy, Chun Tong, H, S. Sanford, A. E. Paine, P. Cassidy Lau Tak Po J. M. C. Basto, Chan Kai Ming, H. A. W. Slado, P. K. Kwok Chan Siu Kai L., N. Murphy. E. Kadoorie, Ho Kwang, C. Pemberton. Tsang Fook; F. H. Thomas. A. V. Apear,
Group, in matters pffecting the payment war, China has of necessity ceased to be a of coupons and other petty detail This borrower in foreign markets: and, while this his led to the assertion that this bank circumstance should no doubt react bone- in close association with the Deutschoficially, by stimulating economy and in- Asiatische Bank, en cutirely falso state ternal administration of the railways ment
which are so essential for knitting the coun. Apart from the above International Loan Agreements, this bank has no finan- try together and developing its wealth and resources. It is doubtful if the internal resources of the country are at present equal cial or working agreements or undertak Deutsche-Asiatische Bank, or any other still await construction, or if the wealthier ings of any kind whatever with the
to financing the important railways which
German concern.
I regret to have had to go into this matter at such length, but classes of Chinese, with a few enlightened is well to expose once and for all the exceptions, can be brought to depart so far slender foundations for the campaign from their traditions as to look favourably on this class of investment. We can there- of mondacity against the Bank which, in the present state of public feeling, is fore only exercise patience, earnestly hop- designedly calculated to give a false inng that the time may not be too long before. pression of the situation and policy of the restoration of peace, and the adjust ment of nur pressing claims in Europe, the Bank generally.
many again unloosen the capital that is sa ur. gently needed for these enterprises.
it
Gentlemen, your directors voted the staff a bonus of 10 per cent, on their saliries for the year, and in doing so they felt they were only anticipatinga your wishes-never was a bonus more Needless to say, the Hamburg red, office of the Bank is not included in the bonus, but British members of that staff will reaive their sharo in due course.
HAMBURG BRANCH.
I would mention that we have no infor- mation whatever about the Hamburg branch or its affairs beyond the fact that it is in the hands of a supervisor. Nor am I in a position to give any parti- Many culars with regard to war losses.
OFFICES in PRINER'S BUILDINGA, Second H. B. L. Dowbiggin, A. V. Hogg, Lau incertain items which were outstanding
Flour, formerly occupied by Messrs. Cheung Shin, G. K. Haxton, L. N. Win Meyerink & Co.
Murphy, A. J. P. Pamfrett, L. N. Lacfe, Apply -
E. H. Silas, J. T. Douglas, J.-H. Wallnco, S. A. Seth, S. Michael, A. E. Grifin, L. Berindogue. E. J. Grist, E. Ormiston, E. Howard, G. E. Towns, C. Beswick, and H. M. H. Nemazec, with Mr. N. J. Stabl (Chief Manager).
The Chief Manager having read the /notice convening the meeting,
FIVE-ROOMED BUNGALOW, at the OFFICES in Queen's Building.
A PEAK
Apply to
W. L. FATTENDEN,
Care of GILMAN & Co.
Ba, Dos Voux Rod.
Hongkong, 18th Feb nrg, 1916.
TO LET FURNISHED. From 1st April, 1916.
301
70. 3. STEWART TERRACE, THE
NPE
Apply
"A, J. P..". Carent" Daily Pross" Offico. | 263 Hongkong, 11th Februa y. 1910.
TO LET FURNISHED......
YG. 5. MORRISON HILL. -Roomed Is 4 Bedrooms and 4 Bathrooms, Vasant from lat March.
Apply
HARRY WICKING & Co. [235 Hongkong, 3rd February, 1916.
TO LET.
AVENSHILL EAST; Park Road,
Rods, & Bath Rooms,
Servants Quarters, &c, Vacant lat November.
Apply
DEACON, LOOKER DEACON & HARSTON.
Hongkong, 19th October, 1915.
TO LET.
(00
46 "THE KENNELS," 168, Magazine Gap
THE
Apply
Thoroughly renovated and repaired.
*THE HONGKONG LAND INVEST. MENT & AGENCY Co., LTD.
Hongkong, 10th November, 1918.
TO LET.
195
TWO HOUSES in "STONEHENGE,
To. 5, Robinson Boat Nerly doneuf
and remodellnd,
Eh House contains downstair Twa Good Rooms sad upstairs Throw Bodrooms, each with Bathroom.
Oathouses and Grass Tennis Court..
Shortly available for occupation,
Apply to-
DAVID SASSOON & Co, Irn. langkong, 22nd December, 1915.
TO LET. From 1st March.
GODOWN, No. 6, Dudĉāli Strest.
Apply-
[112
A. B. AVASIA,
Care of E. PARANNY,
No. 1, Duddell Street
Hoogkong, 2nd February, 1915.
TO LET.
(O. 6, MOUNTAIN VIEW, PRAK.
No.
[63
No, 141, Wanchai Road, Large and Spasivas Godown.
1252
Apply-
THE HONGKONG LAND INVEST MENT & AGENCY Co., LTD Hongkong, 8th December, 1915. L10B
TO LET.
NO.11,GAGE STREET, from Int January, up to the time of his death, thus serving
Apply to-
J. VINUENT BRAGA, Toyo Kisen Kaisha, Hongkong, 16th November, 1978, [100
TO LET.
in Knutsford
The CHAIRMAN Boid-Gentlemen,-Be- iore proceeding with the business ol the meeting. 1 have to refer with very deep regret to the irreparable loss the Bank has sustained by the death of OS. and 10. MOUNTAIN VIEW, Sir Thomas Jackson, Mr. Jackson, as he
PRAK.
was then, joined the Bank in August, 1806. Apply to
and was confirmed Chief Manager exactly .M. J. D. STEPHENS
ten years later, a post which he held until Hongkong, 12th November, 1915. (97
his retirement from the East 18 1902. Upon his retirement he accepted the TO LET.
Cuairmanship of the London Committee of the Bank and occupied that position the Bank for very little short of half century. Words tail me with which to do instice to the great services rendered by Sir Thomas Jackson to this Bank. with the rise of which he was so closely identi fied. The welfare and success of tag Bank were always foremost in his thoughts, and for the greater part of his life he Terrano, devoted the whore of his cuergy and great abilities to its services. There can be no better tribute to his memory and work has the position the Bank now holds. Great and many as were the public ser- vices he rendered, his most enduring monument is the standard of commercial morality which he set throughout the Far nothing moan or underhand, could abide his presence, and be leaves to those who follow a noble and inspiring example of unselfish devotion to duty. Your Direc tors wish to record here the following re- solution which was passed at their meet- ing held on 28th December, 1915)-
A HOUSE
וי
Kowloon Apply
THE HONGKONG LAND INVEST MENT & AGENCY 08., LTD. Hongkong, 24th October, 1915. [37
ASAHI
DAI NIPPON BREWERY
a
year
now
tłown
CHINESE POLITICS.
Within the limits of its powers and to the best of its ability the Bank has participated in the various measures takes for the stabilisation of the foreign
China is again passing through a phase exchange and the maintenance of sup plies. We subscribed for and now hod of political dissension which gives cause for fund) and oty. I am not going to offer no upivion including Dar skrting reserve
as to what form of government may be £1,800.000 of the 45 per cent. War Loan, in addition to nearly half as much again best suited to the genius of the Chinese, applied for on behalf of our constituents. They are the best judges of that. But all should mention that this £1,800.000 the friends of China will hope that what- inclucks our previous holdings of Consols,
ever form of government, is finally decided which were converted.
the bank po may be ncerpted by the people with- The stock of gold in of England, which was £77,000,000 dempt and that the opponents may be to patriotie enough to refrain from an organ is ag"
ized opposition which enn serve, no elbor £50,000.000 but grd cont gues I about
at the Bank ofend thun to mar the brightening prospects to flow in and nut
of their country, England alt at times. It is impossible to withhold tribute of admiration. Lo those who are
repun the sible for the finance of
As regards the balance sheet, there does for the skill and address with ch not appear in be any item calling for speciał throughmit the vicissitudes of a gran comment, with the exception of our invest European conflict they have succeeded in ments under the heading of "British Gov- maintaining specie payments and in pre. Berument, Celonial and ather Securities," These figures serving for Groat Britain her premier amounting to $23,052,650.70 position as the great free gold market in aro-some 89 million higher than in the pre- the world.
vious report, the increase boing due to £300,000 4 per cent, War Loan and the transfer to this account of the 3 per cent. Exchequer Ronds and other Sterling Seca- rites from the Sterling Reserve Fund.-ag that Fund is now entirely invested in ther
per cent. War Loan, "As already men tioned, these Securities have been written dawn to the present low level of prices.
WAR INFLUENCES.
war.
your age have been liquidated, but there
The influence of war has, as usual, beest are many ansett.cd questions in connec
in favour of silver. The rise is the world tion with interned steamers, condemned cargors, etc, still in abeyance which will price of commodities, the increased exp.ndi Lure of the belligerent countries, the with probably not be decided until after the war. Outside the Hamburg office, alt drawal of god frum internal circulation and ihe relative increase in small payments led which we know nothing, thers seems, no reagon to anticipate any bear losses to a demand for silver comage purposes which have not been fully provided for. which has only been limited by the diffenty We still think it desirable, however, to of pransferring the metal to countries whic
it is wanted. Fram 22d, per oz, at the continue adding surplus profits
mount carried forward until the liqui-beginning of 1915 silver row, slowly in the dation of pre-war business is finally first instance, to 374, at the end of Novem
ber. The Siver exchanges followed closely in the train of Silver. From January, 1915, Hongkong T.T. rose from 1/8 to 1/113 per dodar in November: the Slanghas rates. At the same dates being 2/2 per tal and 2/78 respectively.
closed,
THE WAR.
the
THE BALANCE SHEET.
COMMERCIAL OUTLOOK OBSCURE. Gentleman, the commercial outlook in ob- scure and this is not a time for prophecy, Considering the many adverse conditions I think, generally speaking, business in this Colony was fairly prosperous during the past year and probably most merchants, both European and Chinese, have done moderately well, as have also the majority of our local companies,
At our last meeting I expressed the hope that when we next met it might be it in times of peace. That hops has not been
Since November Silver de culfilled. The area of the conflict bas
We have been fortunate in Hongkong `in widened, and, although there is no doubt
dined to 251, but now stands at 207 with 18. to the eventual result. peace is not
Hongkong Shanghai rates at T.T. 1/11 reining outside the actual area of hos are the re- yet within sighs Great
and T.T. 2/71. In India the volume of tilities, and, thanks to the British and ources of the Allies, they will have to be
our business unmolested. It is the duty of utilised to the utmost before a satisfac foreign trade has been curtailed by the Allied flects, we have been left to carry on effects of war, but the loss has been to some
each one of us individually to push forward cory termination of the war can be reached, and in the development of these extent compensated by the higher prices
which she is obtaining for her exports, Tite and increase British trade to the best of his resources, it is incumbent upon all to bear their part. The bank has endea material prosperity of the country is indi-ability, and in doing so let us not forget to be prepared to do our share in providing progressive riso in voured to do is sbare. Although it wasented by evidence of a
the standard of comfort, while the loyalty of our country, to the utmost limit of our ot possible to apare many from our
means, with the funds so necessary to bring For Eastern staff, a very large proportion of the people to the British Raj, which to
the war to successful conclusion, the Bank's Lendon staff is serving in those who knew them was never in doubt. His Majesty's forces, and our condolences has been manifested in a manner as discon that reason I trust we may all fare as well and deep sympathy go out to the families
has passed, and that 1916 will bring to our during the present year as in the year that country and our Alles a triumphant and lasting peace.
BEER East Nothing that was not generous, military service for our country, must
CO. TOKIO
JAPAN
SHORNCLIFFE," Garden Road, to let (UBTAINABLE EVERYWHER*, Furnished, 6 Rooms.
"GLENIFFER, 3, Hankow Road, Kewloon, "ELLANDONAN, No. 5, Des Voeux Villts, 51, THE PEAK, Fully Furnished, including Tiane, from 1st May to 30 h November.
No.
WOODBURY, No. 4. Hankow Bead, Kowloon, from 1st March, 1916.
No. 2, ZETLAND STREET,
No 21, SHELLEY STREET.
No. 25. SHELLBY STREET,
No. 35, SEYMOUR ROAD, WOODLANDS
VILLA WEST.
+
No, 38, PEEL STREET on Caine Road lavel.
GLENSPIEL," No. 141, Piriation Rond, Peak, from 1 November, 1915.
HARTING" Austin Rand, Kowloon,
"ROSEN EATH, 2, Hankow Rd, Kowloon,
Ne. 6, BELILIOS TERRACE
No.
SOLE AGENTS
The Court of Directors desire to place on record their great grief at the death of Sir Thomas Jackson, Bart,, and also to give expression on the'r behalf and on behalf of the proprietors of the Bank to the deep and widely shared feelings of appreciation of the long and invaluable services which Sir Thomas Jackson rendered to the Bank both during his tenure of office as Chief Manager in Hongkong and afterwards in the capacity of Chairman of the London Committee.
1
pass, as in Japan
Thy CHAIRMAN moved the adoption of the report, and accounts.
Mr. Stans, in seconding this, said:-Mr. Chairman and Gentlemen,-You have re- ferred, Mr. Chairman, to the great loss which the Bank has sustained, through the
to associate, myself with all that you have death of Sir Thomas Jackson. Ihould like said. and I am sure that everyono present
·But as here to-day would wish the same. one who has bad experience of his unfailing courtesy and kindness, I should like to ni thai while the Bank has lost through his death a most able and loyal adviser, every one who has had the privilege of knowing
cuma to Great Britain. There is probably of those who, fallen on the field of battle,certing to our enemics as it has been wel. nave made the supreme sacrifice in their
no country in the world where the prin country's cause, it is proposed that at
ciple of State direction of Industry and the end of the War a monument o erected
Commerce is appied with such thorough in Hongkong by the Bank to the memory of those members of the staff who haveness, and, upon the whole, with such sne It is a system whigh fallen in this great war.
We in the East, whose circumstances is open to objection in times of peace; it r responsibilities out here preclude us presents undoubted mivantage; in time of frosa responding to the call of active war, Japan has had a prosperous year. Favoured by her geographical position, she is fortunately able to supply inany of the remain spectators of the appalling PX- penditure of the nation's resources, and more pressing needs of the Allies, and the sacrifice of ite finest manhood, by which demand for exports thus set up has turned t is striving to vindicate the liberty and
the halings of trade in her favour; experts moral right which is the heritage of our-having exerested imports by about Yen elves adul our allies. We are spectators, 174,600.000. The harvest has been favour but not passivo ones: For upon us, and able and the revenue has produced a hand. upon this institution in particular, de
olves the duty, no less responsible than some surplus, which the Government, with
friend). In previous years, I have often that of military services of protecting great wisdom, is using to reinforce them has lost a must valued and trusted start
extending British trade interests in credit of the nation by the redemption of
its external indebtedness. The quotations heard the gentleman who has seconded the the East, at the expense, wherever pas for Japanese securities on the London mar
Roport at the Annual General Meeting sible, of the enemy. I cannot pass V
atisfactory statement submitted to tho this reference without paying a tribute to ket have depreciate less, than the of any congratulate the Management upon the
shareholders, but I think that this year such the loyalty with which the Managers and other Power, staff of the bank have devoted themselves
congratulations are especially justifire. o carrying out, in the letter and in the
With regard to the trade of China Something far beyond the ordinary difficul pirit. the injunctions and policy of His
generally, although the Maritime Customs ties of business has had to be contended Majesty's Government in this respect,.
returns show some falling off in comparison with, and yes, we find it has been possible to with the figures of 1913, it has to be re-strengthen further the position of the Bank membered that foreign trade during the by writing down investment and properly first half of the latter year was carried on accounts and at the same time to distribute under conditions of game, Gu the whole among the shareholders the same dividend tast year. I an very glad learn that
Com our holding of anticipated. The import trade, although to
at last been disposed of,
INSINUATION OF GERMAN TRADING.
TRADE OF CHINA.
the results are better than could have been ne
The report and statement of accoun's having been in your hands for gune days, shall, as customary, take them as read. You will notice that the report is headed the One Hundredth report of the Conrt of meeting of shareholder, Jearly genera business with them after the war. On the restricted in volume owing to the difficulty sols has
misnomer,
Directors to the
This at first sight would appear to be a as the Bank has been in existence only a little over fifty years, but up to and in cluding the year 1914 reports were issued and general meetings held half-yearly. The laat half-yearly report was the 99th and, as we are continuing this consecutive numbering,
the present, our first yearly is therefore the one hundredth
It 19
order with umber to start the new its second half menced in the most
I repudiate in the strongest manner the simuut us which have been circulated romme to time that the policy of the Jank op its officers has been in the direc tion of maintaining friendly relations with Germans with a view to resuming contrary, ur efforts to liquidate the of obtaining supplies in the home markets. This i vestment has been a draja upon our German business standing in our books and to the scarcity of tonnage is, now that profits for many years, and it la rost zatls- at the outbreak of the war have been so unhealthy competition has been removed, in factory to know that as far as cas be pog a sounder and more normal condition thun sibly foreseen any further allocation fron far successful that nothing more can be done till the various questions relating any one would have ventured to predict aprofits for the purpose of writing down the to cargo in
year ago, Exports, on the other hand, have investiments of our Sterling Reserve Fund have been sold or interned wessels
and till the German benefitted greally by the increased demand will he unnecessary. I hope that, if next Courts are again open to British claim and the enhanced god prices for All article year's profits equal those of this year, it e. While on this subject I would like to and they are many which are required may be found possible to divert to the poc
kets the shareholders some of the 12 lacs. refer to the assertions so frequently wade for military supples. Had sufficient ton by interested parties previous to the war nage been available, t is certain that the required this year for the writing diwa of our investments. We all of us welcome the that the Bank's policy was subject to volume and value of exports from China and notwith-
German influences. These assertions are would have greatly exceeded al precedents remarks which the Chairman has made with standin that this troublous times the world has known, it so absurd and wide of the truth that we The Salt Revenue Administration, under reference to the insinuations directed
ave not hitherto considered it necessary I
the able direction of Sir Richard Dane, con against the Bank of favouring the Germans, a satisfaction to your Directors, ag is a
to refer to them, but it now seems advis am sure it will be to the shareholders, to know that in spite of many hindrances to able to state that, apart from the local tinues to show stendy prograss. The net I hope that what has been said will effec trade, the closing of several fields for staff of the Hamburg Agency, no German revenue paid in to the Group Banks during tually put a stop to such assertions in the was ever employed by the bank in any the past year exceeded the immense sum of future. The allocation of a honus on their profitable eixelange operations, and the
Of with the hearty approval of all shareholders heavy burden imposed upon a reduced capacity, and that the holdings of bank 3,000,000-an increase of more than salaries to the members of the staff will meet staff, the different offices of the Bank shares by Germans have always been in: $10,000,000 over the collection of 1914. have accommodated themselves to novel and confiderable at the outbreak of the war this total $10,834,000 was applied to the The difficulties which have had to be over- they amounted to under 5 per cent of service of loans specially cured on the come this year must have caused the Chief unprecedented conditions and bave taken advantage of new openings with such the share capital. We had, as was the Salt Reyonue. $23,788,000 was paid towards Manager, Managers and Agents much anxi-
directors in Hongkong.
of more than three-fifths of the annual service have entailed extra work in all depart success as to enable us to come before your case with almost every other British the service of the Boxer Indemnity, being us thought, while reduced numbers must with any hitherto presented. with a report which compares favourably company
Including German nationality; these gentlemen resecured upon the Maritime Customs and ments, but the report now-presented to us in $2.607.274.51, the balance brought forward signed at the outbreak of war and Salt Revenues, and 827,523,000 was released proof of the loyal co-operation of all mem. from the previous year, the nett prontales future generations hoid different to the free use of the Chinese Government,bers of the staff from top to bottom I
balance in the hands of the have-now-the pleasure to second the adop views from the present one, no German is leaving
of the report and accounts for 1016, after paying all charges, etc..
with presented, and making provision for bad and doubt. likely to be on the directorate of this Groups Banks on the 31st December of tion | LITTLE'S ORIENTAL BAGM and the miraculons relief it brings to ful accounts and contingencies amounts to Bank again, nor, I hope, on that of any about 824,295,000-as compared
be British company. the tortured sciatic nerve, Just rub a $0.467.774.52.
We remais, in common with the Ame- $17.328,000 at the end of the previous year. It is indeed fortunate for China that, at a Hukuang Railway Agreement and in
a source of revenue which, for stability and ommon with the French, Russian and Agreement, to which agreements the passed by none; and the Chinese Govern Japanese Groups, to the Quintuple Loan dependence of external conditions, if sur mout is to be congratulated on the fact that German Group are also partics, and, so long as these agreemen's are maintained Sir Richard Dane, to whose genins and we and our colleagueg of the other groups happy personality this.great work is due. have to communicate with the Deutsche has consented to continue his service, for Asiatische Bank, representing the German come years more. Owing to the European-
MITSU BUSSAN KAISHA. HONGKONG.
108
A KNIFE-THRUST would be welcome to many compared with the vicious shooting, stabbing pains of Sciatica.
Yet these are the men who have not
beard about
From this has to
克奇
26, BELILIOS TERRACE. with little in where the pain is and the pain deducted the interim dividend of £2.31-cian and French Groups, partios, to the time of orisis like the present, she has found DUNBAR seconded, the re-election of the ro
entrance on Conduit Hood.
ONE GODOWN, No, 8, Buren Street, Wanchal,
TWO GODOWN8 in Duddell Street, No. DES VŒUX VILLAS, 81, PEAK (Cafurnished),
X6.59, THE PEAS (5 CAMERON VILLAS, Apply to—_ LINSTEAD A DAVIS.
3rd F Door, Alexandra Buildy er Hongkong, 18th February, 1916.
25
is gone.
Think of it-rest, comfort, and security again, all day long and all night, too." Sciatica is not and can never be again monace to the users of LITTLE'S ORIENTAL BALM..
Sold at 1a. 4d. per bottle,
Agents for Hongkong, MOESTE A E. Watson & Co, Ltd.
[84-20
per share paid in August last amounting to £258,000 at 1/9 5/16-82.905,337.24, and $30.000 remuneration to Directors, leavine a balance of 88.532,437.28. which it is re commended to dispose of as follows:-
A final dividend of £2.3/- per share (making £4.10 per share for the year)- subject to dedactions of focome-tax.
A boaus of 5/- per shiter
The proposition was carried unanimously. Mr. HUMPHREYS proposed, and Mr. tiring Directors, the Hon. Mr. D. Landale also, was carried unanimously, and the Hon. Mr. PH. Holyoak, and this,
On the proposition of Dr. NOBLE, second- ed by Mr. FINDLAY SMITH, Messrs J. W. 0. Bonnar and F. Maitland were re-appointed auditors to the Corporation.
This concluded the business,