Page
CORRESPONDENCE.
HONGKONG CUBRENCY
PROBLEM.
[TO THE EDITOR OF THE
DAILY PRESS."]
HONGKONG
COMPANY MEETINGS.
HONGKONG ICE CO., LTD.
THE HONGKONG DAILY PRESS, WEDNESDAY MARCH 29TH, 1916.
Maxwell, with Mr. B. D.F. Beith (See
The Secretary read the notice convening the raneting, after which
The 35th ordinary annual meeting of shareholders in the above was hold at the offices of the General Managers. Messrs. Jardin Matheson, & Co., yesterday. The Hon. Mr. D. Landalo presided, and those B-1 have read with extreme delight also present, were:-Sir Paul Chater, and interest Confucian Benromist's "C.M... Dr. J. W. Nuble (Consulting Committee), and Messrs. C. W. Beswick ablo refutations of Mr. J. M. Xavier's Ho Fonk, C. C. Boyd. Lo Charg Shui, "browbealings.” and trust thing the latter Woodhead, A, V. Apenr. G. E. Haxton A. C. Davison, K. E. MacDougall, C. goutleman and his gallus supporter who sing himself Britisher "wit; "not" re-retory). Finnish the Struggle, as the more light throw on this vexations Currency Pro-
The CHAIRMAN Baid :--Gentlemen,The Idem." the better' it will be in the end for report and accounts with the auditors' re- the
por diluted public. · 1,therefore wel-port laving been in your hand, for sone days. I will with your permission, take comý “Britisher' " suggestion au priating them as road. The result of the year's Mr. Xavier's speeck in pamphlox form. pro-working shows an increase of $25,609.339 vided "Confacias Economi t'k." letters are ång"nded to hold interest to the trentisspor better stil. let "Confucian Economist *: himself write an article as the subject under discussion, and wo shafi ̧ then, no doubt, have something really worth rend
ng-Your faithfully,
*SMALL-CHANGE.
Hongkong, 28th March, 1916,
TO THE EDITOR OF THE HONGKONG DAILY PRESS.]
over 1914, the actual net profit for the year being 886703.04 as compared with 360DAL71. The usund inderim dividind of 82 pôr share was paid last August and wo now propose paying a heat of 89, which | I trust you will considey satisfactory. We haye abo born able to add to our pro- vision for contingencies, acco&#Į This f extent of $15,000 and carry. forward
TERRITORIALS' ENTERTAIN- | MENT FUND.
ACCOUNTS TO DECEMBER 31ST.
1916.
EXPENDITURE.
Victoria Theatre Cinematograph
Tickets?!? Tobies and Cigarettes including Bathing and Walking Picnics, in-
special Xmas gift
aluding Launches, Bathing Costumes, Tems, etc.
Peak Tram Tickes at reduced
rates for Creatograph. Bathing to and from Cons
certa, etc,
Fotbal Hockey Hills, Foot-
ball boots and gent Subcriptions to United Ser.
vices Football Longue $15.00 Footbal Association 34.00 Garrison Recreation Clah 40.00 :
Sundries
Balayeo is hand
INCOME.
By Balance in hand 30th June, By Subscriptions and Donat ons
received up to 31st December, 1915 already acknowledged from time to time by courtesy of the Daily Preta By Bank Interest.
491.50
175.00
100.DI
184.00
105.15-
HONGKONG C.C. TENNIS TOURNAMENT.
Yesterday's results were as follows:-
HANDICAP SINGLES “D”
Dr. Linday Woods (ser.) beat W. P. C. Trafford (rec, 20), 6-1, 62,
Dr. W. V. M. Koch (rec. 15-2) beat F. Bevington (ser.), 8-0, 6-1.
HANDICAP DOUBLES.
8. 11. Dodwe) and Miss Wilkinson (owe 4-6) beat P. P. J. Wodehouse and Miss Gordon (ree 16-3), 6:2, 6-3,
BILLIARDS.
GARRISON CHALLENGE CUP.
A billiard tournament for the above trophy, which was kindly presented to the Garrison by the Hongkong Volunteers, commenced in the Soldiers' Club on Man-- 01.00 day evening. For the first ganie in the 0:00 preliminary round the 87th Co. R.G.A. nie inneting the Garrison Sergeants! Muss, and $1,378.19 as a result of the throo games decided the 599.897 Co. fro seven points ju arrear. Scores:--97th Company-Gunner Delaney, $1.009.02 172; Gunner Ford, 200; Corpl. Beatwell, 200 Garrison Sergeants QMS. Howell, 200 Serg. Roberts 188; Serg: Carter, 101,
$1.233.39
602.00
HONGKONG TRAMWAY CO.
The approximate statement of traffic 12.70 receipts for the week-ending 8th March s
us follows $1.908.08
30-121.67 Sals of ice show a decrea" couped with last year, but as our retai selling price was raised during the Litter half of the yelp our income velizains entis factory. The floody on the "Caulon, and. West Rivers adveraly affected us, restric ting the demand from these districts and also from the fishermen. The re-opening SIR--Your corresponding “A. Britisher' of diy frozen meat trade to Mania ha hag made two wassaption;; were it not for assisted we ju this line of bustness, and fliese, I would not have replied to his chilling some 800 head of cat-le an
singy September lee, we have been freezing
nonsensical fetier. He assumes that I am 200 head of sheep a month at oùr Lan-Chi- U Kok Works. For this purpose one atera. "uncourteous and enyiou:? courte because I refuad in publish tious and additions in the way of new hiping and hanging arrangements were my identity when Mr. Kayiej, nikel for it. necessary, which bay be looked upon ay a Dues he 'nut realise that this is a curious improvemen to the works, and assertion for tan to make who is himself writing under a putono Isize of the community, the increased cusations to enable them to carry on the Fund.
|
Receipt
E, & O, É.
R. P. TuinSFIELD.
G. 6. ARCHEUTI-
Joint Hon, Sees. 22nd March, 1916.
This Year Last Year. Increas Decrease
for week. $1,01 9.7 6
Since the end of last year the greater
on always like to be a source of revenue part of the balance in hand shown in the to the Company. Owing to the reduecount has been expended, and the Com- mittee are now asking for further Subscrip
Aggregate receipts
for weeks.
$149,8 +1. 13, 47 134
HONGKONG VOLUNTEERS,
was discussing a point which ought to be of ungoninctures, high fra:ghts, etc, whied Subscriptions may be stub to any of the CORPS ORDERS BY LT.GOLA, CHAPMAN VJ
Marc.
severely affect the price of mag, ovaj sup answered by. My Xavier, ty matter whe-plies, we cannot expect such a posperou your in 1916. During the year the Cantuk ther and Peter. John op Amirow. En-
ice Factory has been at work in vicus" I cannot bê, fog were 1 coviously, and addition to doing business in
Canton are effecting small us on must of necessity have tried to oltajn Mr.
king. Your Xavier's laurels" for myself and would scaivery and buildings at bain factore
manager [reports fuc
havo discussed the puing under my OWN to be le urst class order. Tao jaunenes and lighters are widergoing an overhaul. The leases of the lee House Street property expire at the end of this month and the Preseng tests are willing to renew at the Came rentals, which your Commcten have agrees to The property is in foir condi | won. After the adoption of the report and accounts has been proposed and seconded. if shareholders have any questions to ask. I shall be pleased to answer them to the best of my ability. I will now propose that the report and accounts as presented be adopted
"A
"A Britisher tries to take up the point concerning the minting of coins by Banks, bat ho only sticceeds in making bia Tomarks on the subject absolutely unin- telligible. Let me however, telj Britisher," who seems to be ignorant of it. that the word "seigulorage), as a toll paid to Government Mints for inting coing for owners of bullion, has been used since the time that Government, agreed to ming coin, for there wwsers, free of charge.
-Your cte,
A CONFUCIAN ECONOMIST.
(Continued from page 2.)
engaged and the most suitable textbooks
Mr. APCAD seconded, and this wag unani. mously agreed to.
Mr. Ho Fook proposed, and Mr. BESWICK seconded, the re-election of Bir Paul Chater und Dr. J. W. Nable as inem bers of the Consulting Commitles
On the proposition of Mr. Lo CHANG Suur, seconded by Mr. MAXWELL, Messrs. A. R. Lowe and E, A, M. Williams were re-appointed auditors at a remuneration of $200.
H. A. Cartwright, Daily Press Offer: following menders of the Committee:—Mr. Major Humphrey, Wellington Barracks. the Rev. C. L. Cooper Hunt Chaplain Secretaries and will be nekuowledged In to the Forces; or to either of the Join Hou
the Daily Press
has proved much smaller than might have been anticipated. This is due ch'elly to the fact that we were fortunate in buying them at a time when a depression existed in the London market. The laws in exchange has been greater, but it has been a'most entirely offset by a return of the rate of exchange beween Shanghai and Hongkong to what we have always regarded as normal, and of course as you are aware, the Com pany has large investoients, in "Shanghai. It is satisfactory to sew that the policy initiated some few years ago of instituting
ex-
Special Reserve Fund to meet whatever fluctuations arise in the market or change rates of our investments has proved a viso one, and it is still more satisfactory to learn how slight a demand has been made, upon it in spite of the peculiar condtion: of the present time Gonerally speaking, therefore, we can, I think, regard the approval. The interest on our investments financial position of the Company with largely contributes to the maintenance of the dividend, but there is still somę“ $36,000 required from the profits of the underwrit-
HONGKONG FIRE INSURANCE CO..ing, and in this respect we are more gener
LTD.
TRANSFER,
1-No. 1556 Gunaer E, J. Aïualis from No. 2 Section, Artillery Battery II.K. Police Reserve (Mounted Patrols), dated 27th March. 1916.
MUSKETRY RETURNS,
2.-Company Sergeant Majors are re
gavated to attend a Headquarters as ston as possible to obtain the scores of men in their units who fired at Kings Park Range on 24th, 25th and 26th iustaut,
PARADES,
--Parades for to-day,
INTIMATIONE
LANE
CRAWFORD & Co.
ESTABLISHED 1850.
NOTHING 18 80 QUICKLY AND THOROUGHLY REFRESHING AS
CUP OF REALLY GOOD TEA.
CEYLON TEA (red label),
ORANGE PEKOE in 1 lb. tins 95 cts.
ENGLISH
TEA
BREAKFAST
(brown label),
care
from the
Selected and Blended with the utmost
finest growths of Pure Ceylon and China Tea in 1 lb. tins 95 cls
FOOCHOW BLACK
(yellow label),
TEA
CELEBRATED CUMSHAW BLEND in i lb. tins $1.
HANKOW TEA (white label),
in 1 lb, tins 95 cts.
The above Teas represent exceptional values at our. Prices. Grade for grade, will show considerable saving. You will find it a decided economy to use these High Grade Teas, as they will go further and make a better Tea than the Lower Grades.
7.00 A Members of Signalling Sre- HONGKONG, CANTON, MACAO
tion and other Signallers, as detailed
in Signalling Section order dated 8th
December, 1915-Semaphore praction
at Headquarters
WEST RIVER
STEAMERS.
(31
5.15 p.m. Engineer. Co. (Taikoo Suction)| JOINT SERVICE OF THE HONGKONG, CANTON AND MACAO
Musketry and Ride exercises at Taikon Dockyard. under Sergeant.
STEAMBOAT CO., LTD., AND CHINA NAVIGATION CO., LTD. Everest,
.
5.15 p. Civil Service Co-Drill at
Headquarters.
5 Signaling Section Squad
drill at Headquarters.
6.60 p., No. 1 Section Scouts Co. (ali members) Machine Gun instruction at Headquarters, Rifle and sidearms to be carried,
DETAIL.
4. On duty until 31st inst.-H.K.V.R.
G. E. STEWAur, Copt,
Adjutant. H.K.V.C.
ous than some other insurance companies with whom we compete. You will notice from the report that Sir Robert Ho TungThe has accepted the invitation of the Comsuk ing Committes to join their number. Th gentleman has large interests here, and lits influener with the Chinese community is known to you all, and sings the report was
The 47th ordinary meeting of share holders of the above was held at the offices of the General Managers, Messrs. Jardine, Matheson & Co., L.d., yesterday. The Hon. Mr. D. Landale presided and those also prosent were:-Hon. Sir Paul Chater C.M.G., Sir Robert Ho Tung, and Messrs published the Hon. Mr. E. Shellim has als H. P. White, F, Maitland, and C. Saccepted a similar invitatio. I am sure. Gubbay (Consulting Committee), and Messrs. G. K. Haxton, Ho Fook, G, C. Davison, A. Denison, Chan Chun Nam, S. M. S. Gabby J. M. Alves, J. M. C. Basto, A. H. M. da Silva, and A. Turner, with Mr. L. N. Lerfe (Secretary).
The Secretary read the notice convening the meeting, after wh'ch
A
NOTICE.
UNITED SERVICE HOCKEY LEAGUE,
following will represent the Corps in Batch, R.G.A, at Happy Valley to-day: Le Cp Edmonds, Pies, Sara B. Johnson, Hamilton, Mitchell. Brayshay, Mukin, Brand, Sim, Dyer- Ball. Evans. Bully-off. 4.45 sharp Play in white,
HONGKONG POLICE RESERVE.
KUBITEY.
Chief Inspector (Musketay) reports the following results to dato:-
MARESHEN
Chief Inspector Mason, Musketry Sergeant Ford. Inspector Sirdar Khan, Chief 1spector Chinchen, Inspector Lam.
hert.
1ST CLASE SHOTS.
1.8.P. (B) Bergant Butterfeld, Sør- geant Arculi, Inspector Wei Wing Sam, Pes, Lindsay, Penning, Ramsay, Megslern. C. A. P. Xavier. A. D. Barretto, R. M. O. Gutierrez. Inspe 10: McEwen, Sergeant Khawas Khan, Inspector Silva Netto, Sergeant Jumes Wong. -, Eldon Putter, E. 8. Ford, M A, Khai, F. M. Cruz, H. M .M. medios, D. O, Baptista. Owen Char. List of 2nd and 3rd Class Shots to date
will be posted, out,ide this office.
was no standard or examination. The as
This was all the business and the CHAIR sistant would not say, "I have passed such MAN announced that dividend warrants and such a standard" A Seam, he con-could be had 29-day (Wednesday). tended, would supply that went by in- stituting a series of examinations, The School should be situated in the business part of the town, and it would have the advantage of bringing young ma tegether and of introducing the element of competi tion. It was very hard and dreary for a man to sit down day by day and try to learn Chiares alone, The School shoald have one or two European or American Professors in charge of it. The services of these men would be continualy wanted, because there were continually copping up. questions which a Chiness teacher could not answer, and these question, could be
that the accession of these two names to the referred to the 'rofessur in cringe, who
Board should add strength to our position, would also see that proper teachers were
and I heartily commend their election to you. I do not think that there is anything The provided. Further, if they had such a
else in the accounts which require special School in the business part of the town it
mention by me, but after the resolution, would be very easy for the business firas
which I am about to propose has beca to arrange for the men to atteid in busi-
scoonded, I shall be glad to satisfy to the ness hours, any, for two hours daily. If The CHAIRMAN said:Gentlemen,-It best of my ability any enquiries arising they had a number of assistants learning gives your General Managers and the Con-out of these which shareholders may desire simultaneously it would be an easy matter sulting Committes much pleasure to meet to put. I now propose the following rese- to arrange for them to attend at different you again on this the forty-seventh annual lutions: That the report and account as hours. It might be asked: Why is this meeting of the Company with so good a presented, including the payment of a divi- brought here? It seemed to his that such ropert. You will doubtless expect me to dend of 827 per share, an addition to the a scheme was not likely to be started unless follow the usual custom of taking it as read, reinsurance fund of $128,549.18 and the the Chamber of Commerce fathered it. He since it has been in your hands for some payment of a bonus to staff of 18 per cent. did not think the Chamber of Commerce considerable time, The conditions under upon their salaries, be adopted and passed.”. would be put to any great expense; the which trade is carried on during this great
Mr. TURNEE seconded, and this was un- School would be financed by the firias who war are very abnormal, but for one reason animously agreed to. roade use of it. Mr. Bell then proposed and anothor they have not as yet very al- the following resolution:-
The CHALEMAN-The next business on the That the Committee be requested to
versely affected the business of the Hong agenda is the reelection of a Consulting formulate a scheme for the establishment of kong Fire You will notice that the pre- Committee for the ensuing year. As stated a School for teaching Chinese to themium income, both for the closed year and in the report, all the old members seek reA ranks who have fired Range, A and foreign assistants of Mercantile Firms, to for the year which will close on the 31st election, and as I informed you just now, axertain what probable support would be December next, show substantiay increases, the Hon. Mr. Shell' and Sir Robert Ho forthcoming from Mercantife Firus, and to Our area of oporations has widened, and, Tung have accepted invitations to join. in addition, we have developed, though Finder the Articles of Association, the ro This was secondod by Mr. EDE and only to a small extent, as yet, the extramuneration of the Consulting Committee carried unanimously.
powers we obtained in 1914. The results remains as fixed at a general meeting until The CHAIRMAN said that the subject was are good. The loss ratio and expense ratio altered by a subsquent general inceting, of grant interest, and was undoubtedly combined have left a substantial margin of and in view of the fact that, on the election. very imporbaut. They had taken it up in profit for the year 1914, and the figures to of all these gentlemen, the Consulting Com- Shanghai, of course, more than in the date for 1915 augur a successful outturn mittes will consist of seven names instead South, but the position was not quite the In these circumstances there is no difficulty of five it becomes necessary to pass a re.o same in both places. There were not the in recommending the maintenance of the lution of this character. Hitherto, the fen same facilities here for learning the official dividend which has been paid ever since to such member has been $1,000 per annum. dialect, which was generally speaking, of 1919, and in making a substantial appro and the proposal is to retain that individual more henefit when in the interior of China. It pristion, amounting to $128.519.16, to our scale, which will increase the remuneration was undoubtedly important that Europeans fteinsurance Fund. The staff have not paid by the Company from $5,000 per engaged in business with Chinese should been forgotten, and you will, I trust, ap annwn to $7,000 per annum, and I feel sure acquire some knowledge of the Chinese language, and that there should be facili. prove of the Consulting Committen's action that this will commend itself to shared ders. Mr. DENTON then proposed the appoint- ties provided for young men to do so. Heiti voting a bonus on their salaries of 10 per was quite sure that the Committee which cent, as has been done in recent years. ment of the Consulting Committee, with the they elected that day would give the matter. Our gold investments stand at a higher. addimen of the Hon. Mr. E. Shell and their very earnest consideration and, if figure than was the case a year ago, and Sr Robert Ho Tung, at a remuneration of
some of the money, which appears in the $1 000 each balance sheet as being in transit, was on its
Mr. Ho Fook zeconded, and this was un- way to London for the purpose of buying animously agreed to British Government Securities and sup MI. HAXTON proposed, and Mr. S. M. porting, in as far as we can, the nation's S, GERRIT seconded, the re-appointment nord for money. Bearing in mind how our of Mers, H. Percy Smith and A. R Lowe prosperity has depended upon the success as auditors as a remuneration of 400, and of the allied arms, you will no doubt, ap- this was agreed to
report to the Chamber."
they possibly could, lay a scheme before the zacuibers at an early date. (Applause)
THANKS TO RETIRING COMMITTEE.
The Hon. Mr. POLLOCK proposed hearty vote of thanks to the Chairman-and Committen of the Chamber for the very excellent work they had done during the past year.
This was duly seconded and carried.
prove of the action of the management in This was a tho business, and the CHAIR- this direction, and of its continuance at MAN announce tot divided warrants every opportunity there may be. The toss would be ready this (Wednesday) merning, in market rates of our Gold Investments and could be had on application,
A
D but have not fired Ranges E and F are warned to leave Blake Pier at 9 a... on Sunday next, April 2nd, No further opportunity to fire will be given.
ARMY, NAVY AND POLICE SHOOT.
The following are required to attend the Renge on Sunday, April 2nd, for prac tice. Leave Blake Pier at 11,30, sharp:- Chief Inspector Mason. Sergeant Major Roylance, Inspector Sirdar Khan, Silva Netto, Sergeants Butterfield and J. Wong, P., Lindsay, Penning. E 5. Ford, A. D. Barretto, O. Chan, S. Msdeen,
MOUNTED PATROLS.
Trooper Ainslie has been transferred by
courtesy of the O.C., H.K.V.C. Troopers Arnold and Grimble are parted
for Patrol duty. Troopers must wear belts whenever riding in uniform. When on duty they must. in audition, ciny-Revolver, leng bruncheon, whistle and note book, Cars of Ponteg-Mombers are directed to anto all Orders posted in the Police Office at the Stables, particularly thos with regard to the care of ponies,
MAXIM GUNNERS Warning Officers will not detail- mumbers of this Section for Patrol duty during the month of April, 2...
F C. JENKIN.
D.S.P. (R.).
HONGKONG-CANTON LINE.
F
Single Fare by Night Stamer Return
(available also for, return
by day steamer) Single Fare by Day Steamer Estorn
HONGKONG TO CANTON, I
16.00
́10,00
4,00
8.00
CANTON TO HONGKONG.
WELNESDAY, 29TH MAŁCH, 1916.
5. HONAM, 10 p.m. A INNH&N
am. KINSHAN.
6 p.m. EUAGŊHAN.
THURSDAY 30TH MARCH, 1916.
8. HEUNGSHAN, 10 p. RʊNAM,
8 m. HONAM,
8 pm HINNAAN,
HONGKONG-MACAO LINE.
AS. SUI TAI, Toza 1.651]
8.8. TAIDHA, Tone 2.00h. HONGKONG TO MAÇÃŬ,
Week days st 8 am, and 2 pm, from the Company's Wing Lok Btres Wharf, Sundays si 9 s.m, and 1 p.m. from the Company's Wing Lok Street Wharf,
MACAO TO HONGKONG
Week days at 7.30 in. und 2. p.m. Sundays at 7.30 am and 3 p.
EXCURSION TO
MACAO.
SUNDAY, 2ND APRIL, 1916.
fie, Company's Now Steamship
*TAISHAN
и
Will depart from the Company's Wing Lok SteRET WHAB) at 9 am, and return trons Macao ́ss 2 pum, ll
NB.The Company will also ran Steamer from Macno on Sunday at 7.30 am. sad from Hongkong at 1 p.m., from the Commpany's Wing Lok Strooi Winef
FARES AS USUAL. MACAO-CANTON
8.8. NUI: AN.
LINE
Departures, from Maco to Canton on Monday, Wednesday and Friday, 41119 p.m. Legaviuren from Canton to Msono on Tuesday, Thursday and Saturday, ak 4.30 p.m
JOINT SERVICE OF THE HONGKONG, CANTON AND MACAO STEAMBOAT CO., LTD., THE CHINA NAVIGATION CO., LTD.. AND THE INDO-CHINA STEAM NAVIGATION CO., LTD. CANTON-WUCHOW LINE.
: 8.8. SATNAM, 588 tonu, and 8.B. NANNING, 569 tant, Ons of the above Stemmers leaves Canton for Washow every Monday, Wednesday and Friday, si sbont 8 am, and the other loves Fachow for Canton on the same days ni 8.30 am, Round trips take about 5 days. Passengers can return_so: Hongkong or vice versa by the Company's direct Bicamere LINTAN and SANUL These Tasols have suparice Cabin socommodation and are lighted throughout by electricity, Electric Fan in each Cabin.
Booking Office open daily (Sunday excepted) a.m. to 6 p.m. Further particolaas may be obtained us the Öfice of the
HONGKONG, CANTON & MACAO STEAMBOAT Co., LTD.,
(129
Hotel Mansions (First Floor), opposite the Blake Pier.
TO LET.
AVENSHILL EAST, Fack Road, Rouge Home Park Road,
Servants' Quarters, &c. Vacant 1st Nevoopbar,
AppCON, LOOKER DEAÇON A
HARSTON.
Hong kong, 19th October, 1916.
GODOWNS FOR SALE.
(00
OS. 125 and 197, WANCHAI ROAD,
Apply to
SHEWAN. TOMES & Co.,
Liquidators, REUTER, BROCKELMANT & Co Hongkong, 18th March, 1918. 1424
FOR SALE. RICHMON RICHMOND HOUSE, No. 145, Barker Also, "DUNOTTAR". No. 81, Aberdeen Road. HASTINGS & HASTINGS, Bolicitort. Hungkong, 3rd March, 1918.
ON SALE.
[371
ÞOUND VOLUMES of the HONG KONG B. WEEKLY PRESS, JANUARY to JUNE,
1015 With INDEX. Price $7.50.
On Bale's the "HorGENO DAILY PRIS" Oos
Hongkong “ð b Asumat, 1915,