CUTLER PALMER & CO'S
NAPIER JOHNSTONE'S
Known as the
THE HONGKONG DAILY
COMPANY MEETINGS. UNION INSURANCE SOCIETY OF
CANTON LTD
PRESS, FRIDAY, APRIL 27TH, 1917.
Our last report was dated 18th April, and in the interval our local market has
shown a little more life and a moderate
ETIQUETTE OR AGONY?
BLOODLESS SURGERY AND -PARLIAMENT.
MR. BARKER'S SERVICES.
Sir Herbert Parsons, the famous che
credit of Provident Fund, and o
cation by the Directors of the profits HONGKONG SHARE MARKET. Messrs. Vernon Smyth,in their extra pay, which has been nobly deserved pertaining to both the 1916 and 1918 The Board feel that you will be entirely accounts, and while congratulating the
management on the splendid results of weekly share roport dated the 28th April,. in accordance with this. Of the total the working we fully realize the excep 1917, state The 14th ordinary yearly meeting of number of our pre-war staff, as large, tional difficulties pertaining to the hand- ling of the exchange problem as it pre the above was held at the head office of if not a larger, percentage than that of onted itself from time to time during the Society, No. 4, Queen's Building, yos any other Company is at present volun the period under review. I aur sure shoreholders will cordially agree to the
Most people will have been glad to terday. The Hon. Mr. F. H. Holyoak tarily serving in His Majesty's forces, rear has been voted to the staff, business has been passing, but mostly in mist, writes in the Daily Express :--
185 of presided, and those also present were:- and you will be proud to know that in evincing as it does our appreciation of connection with the settlement, which
Apact from aear that the question of making Mesara GT Edkins, SR Dodwell, no one case has a member so forgotton the manner in which the several members takes place to-morrow.
have taken on their share of the accumu AO. Lang A Forbes, and Whis duty to his country as to wait until ad work that had to be negotiated sharp recovery in Douglas shares, there Mr. Barker's services for injured man Paitenden (Directors), Mr. C. Monta conscription was enforced. It may not owing to such a large number of their has been no particular feature and prices in the Army and Navy is to be raised în gue Ede (General Manager), and the out of place to mention that your callongues being absent on active service have for the most part kept steady, the House of Commons. This matter has and we quite recognise the fact “OLD
following shareholders Hon. Mr H. E. Directors have deemed it right that in that the coming into being of the Hong Investment stocks are still firm and in been shelved for too long, and drastic Pollock, K., Father Rubert, Messrs. Taddition to their inilitary pay each kong and South China War Savings good demand, Shanghai market has been and immediate action is needed to set F Hough, H. W. Looker, Ho Fook, E.
our staff so serving should Association managed by the Society with distinctly better, with a good demand for the matter right.
out charge all means extra work to be member of
Singapore SQUARE"ton, Lo Choling. Shai, A. Skelton receive monthly allowance commen undertaker in the office. We cheer there Cotton Mill stocks, but it closes rather
A. Mactionale, R. Hancock, P. aurate with his service in the Society, on in the carrying out of this self-im quieter with less enquiry. Tester, W. E Clarke, A. R. Lowe, Wand we have of course promised to keep posed additional fast hit the Society market for Rubber shares is firm, but
further congratulations that Duncan, WA Oram, CH. P. Hay, Gopen their positions. I feel sure share. sees fit for the emolument being granted without much alteration in prices.
The following are latest wired quota 8. Archbutt, L. Berindoague, F. C. holders will endorse our nation in this monthly to the members of the staff
tions: Butcher, D. Jessula, Ho Leung, Ho respect. Turning to the Balance Sheeserving May we soon be able to welcome those gold men back safe and sound to "Kwong, Q. G. Franklin, S. G. Newall,
you will notice the increase in our sub-again enter upon their civil duties A: Bilva, J; M. Alvas, and J. Cochrane or the capital, owing to the issue during (Applause.)
The Secretary having read the noticear of 1,038 shares in exchange for China Fire shares the premium on The CARA said-Gentlemen, the which has been divided between Rein surance Fund and Investment Finetna report has been in your hands for 2sion Account. These Accounts now stand sufficient time to enable you to make a at £163,000 and 31,330.000 respectively, close study of it, and I will, with your The former was first shown in our re- ports in 1901 since when it has been more permission, follow the usual procedure than quadrupled: the latter has already Brown were re-elected auditors at a nor b. Bar. Silver is quoted 37. 5/16 enabled numbers of men to join and and take it, as well as the Auditors' re borne the depreciation in our Gold In- remuneration of $1,000 each. Sterling T.T. is 2/4 Singapore T.T. is would not be thore. These men are of BIT port, as read. I think I am right ineen written down to market prices on CHAIRMAN announced that dividend war, 101). The Shanghai T.T: rate is nominal f saying that never in the history of the the 31st December 1916, and is sufficient rants were now ready and could be bad at about 67. The Bank's buying rate for Society has exchange been such a feature to most any possible further shrinkage on application.
WHISKY.
ESTABLISHED
1745.
SOLE AGENTS IN HONGKONG AND SOUTH CHINA.
LANE, CRAWFORD & CO.,
and from ALL WINE MEHosanTS.
[32
NOTHING IS MORE EMBAR- RASSING THAN EXTREME
convening the meeting,
vestments, as a result of their having
even if the war sonuld continue for a
The proposition was then put to the meeting and unanimously carried o
Mr. DUNBAR proposed and Mr. On 1STON seconded, the re-election of Messrs. S. H. Dodwell and J A. Plummer as Directors, and this was carried.
On the proposition of Mr. SHELTON HOPE, Reconded by Mr. BERINDOAGUE, Messra. A R. Lowe und C. Bernard
This was all the business, and the
6 in the accounts before you. The rate longer period than the most pessimistic CHINA FIRE INSURANCE CO., LTD,
adopted in the Sgures last presented to you was 1/11-1/18, and on the 31st De tember the date of which our figures always converted for the purposes are report exchange in 1816 ruled at 3/4 a difference of approximately 25 per
Alor Gajahs
$4.15
Aver Panas
Glenealy
12.80 2.60
Kedah
·4,35
Kempas
B.10.
Malika Pindas:
2.70
Inlakoffs
4.60
New Sorendahs
4.50
6.20
21.50
Bandycrafts Tapahs
Plantation Rubber in London in 3/01
What members of Parliament have to decide is simply this-whether red tape and professional prejudice are to triumph
or the claims of those who have been injured in defence of the Empire to secure- the heat treatment for certain kinds of joint disablement are to prevail. The Issue is direct and sun-cicar, and I hope- thono men who are championing Mr. Barker's causo, will firmly insist upon that issue, and that alone, being kept free from all other side considerations. whatsoever
The facts are these. Mr. Barker has
remain in the King's forces who otherwise
ranks from the humblest Tommy and
admirals Jack-Tar to generals and They have been restored after every othes available means had been tried and found futile, when the efforts of successive sur- geons had failed. There is no gainsay-
individual can anticipate. On the other
The 48th ordinary yearly meeting of side of the balance sheet are shown
No. 4, Queen's Buildings separately our investments in British the above Company was held at the Com securities the total funds, in Gold now pany's office, M. Holyoak securities are suficient for our require presided, and those also present were tents We have responded to the Gov Messrs S H. Dodwell, W. Later, ments. We Forbes, and AO Lang (Directors), cent In view of the fact that most of Society and our allied Companies, and Mr. C. Montague Ede (General M the rate, North Chinas romain aoming fewer than five of the thirty officers are
makes
our business is done in countries where Gold is the currency, this exchange factor
an enormous difference to Com aame purpose the whole of the securities V. R. Ribeiro, J. Gardiner, A R Sousa, are now quoted buyers at $330. panies like ourselves who state counts in silver. First, I have to deal
the situation. It must be faced. For example: In a single battalion of the- Oxfords at the front at this moment no
there owing to Mr. Barker's operations. STRONG TESTIMONY
3d Bills da also nominal at about 67).
BANKS Hongkong and Shanghai Ranks have improved their position to 37124 at which they have been done, and are still wanted.
MAUISE INSURANCE-Unions have come buyers. Cantons are nominal at $376, and a few could probably be obtained at
FIRE INSURANCES. Hongkong Fires sold the whole of our American dollar ager), and the following shareholders at 18, 150, and Yangistes at $217 (ex- securities, thus assisting our country, in Messrs. A. B. Love, G. S. Archbutt C. change 73)
A letter pablished in the Medical Press the regulation of foreign exchange. We E. P. Hay, W. R. Mansfeld, J. Coch have also lent to the Treasury for the rane, V. L. Remedios, A. E. S. Alves, have been done from 8330 up to 8335, and SHIPPING.-Douglases came into very strong demand, and were up to 889, with of February 7th last from a major saya : Among the thirty officere of this the notice few, shares coming out. read Since the accounts were closed we have and V. M. C. Canha.
The CHAIRMAN said Gentlemen. The probable buyers at 8883. Indo-China have all been successfully operated upon one million sterling in War Loan, and convening the meeting,
den demand lifted them to 8127; since to at least two different practitioners, who cuts the melons" and has the fun see from the figures before you, is an we have in addition no inconsiderable directors report and statement of Deferred weakened to 8122), but a sud by Mr. Barker. All five of us had been sura invested in other War Loans and counts having been in your hands for
which they are rather easier at 8120. The and not one of them had been able to socially.
Scrawny, skinny people are seldom eminently satisfactory one, leaving as it Colonial Government War Loans A some time, I will, subject to your an popular,
We all admire fue does a divisible halance of over three opportunity offers we will do more proval, adopt the usual course and take Managers announce a final dividend for give or even put us in the way of relief, No dresamiker can hide a bony, skinny
informed you last year that our Firo
year 1915 shows a consideratly increase the year, with $100,000 to Reserve, £30,000 owe our ability to be on active service- millions of dollars, which your Directors Department had been organised, and this them as read Iou will notice that the 1910 of 40/- per share, making 50/- for So we can justly say that the five of us: form.
You ought to test the one guaranteed
has since shown a steady growth but in premium, due to a certain extent to to Repairs and Renewals £50,000 to entirely to Mr. Barker the figuros, compared with the marine our amalgamation with the while the Underwriting scaunt. Star Ferries are reliable treatment which Immads
takings are at present too insignificant
at 817 with na shares offering good
for years in England, which has taken America by storin and which has
Ous-Shells have been placed at 107/ been awarded a gold medal and diploma of honour at Brussels, Belgium.
THINNESS.
JAT
Since then they
is the plump, well-developed man with the. 1015 account, which, as you will been able to finance the investment of The Secretary having have weakened a little, but there are battalion four others (besides myself)
Nothing in history has ever approached the marvellous success of this new frent ment, which, according to sport, has. made more thin folks plump than all the #tonics and ineffective medicines for fifty years
There's a reasDU.
well formed Plump, men and women assimilate what they eat. Thin, screway ones cin not.
This new discovery sims to supply the one thing the thin folks lack, that is the
power to assimilate food.
It renews the vigour, re-establishes the
Dermal, all in nature's own way.
It
is not a lash
generous upbuilder
to juder nerves, but a
A. B. WATSON, & Co., Lao,
VICTORIA DISPENSARY/
THE PHARMACY,
QUEEN'S DISPENSARY,
THE EDWARD DISPENSARY,
Don't worry, take SARGOL
[57-3
KEATING'S
KILLS
BUGS FLEAS MOTHS
BEETLES
TINS 3.61
CHAPOTEKUTS
1284
MORRHUOL
Superior to Emulsions or God Liveroileris
Each tiny Morthwol 'capsule re
presents the médicinal value of a teaspoonful of oil.
Rocommanded at the Parks Acke demy of Medicine for lost of appetite and flesh, to patients with Consumptive tendencies
Bold in bottles of 100 Capanles.
recommend should be dealt with as follows ---------
A final dividend to share
holders of $20 per share
on 16,438 shares. § 308,700,00
A bonus dividend to share.
holders of $10 per share on 13, 135 shares
An addition to the reinsur ance fund of £100,000 at exchange 2/43
To building reserve fund £10,000 at exchange 2/4)- To be carried forward to
underwriting suspense at count to close the account for the year 1915-
The
enco
of Canton, Ltd. 1914. You
will
ļ
If it is objected in the House that Mr.
Cent
all is being done for the soldiers that Bure to be shown separately, Gentlemen, this percentag
science can secure, how will it explain last meeting the justification of our of this account of 3389,517.85 is eminently and at which rate there are further the fact that the above soldier members since the outbreak of war, and since our all agree that the balance to the eredit
Your directors recommend buyers Ural Cheplans have a nominal of Oxford University failed to get relief satisfactory
simple case when all were cured inquired for at Tis, 174. 164,280,00 lifed to a high degree by the entry of that this balance be dealt with as quotation of 31 and Langkats are from surgeons even of the first disinction
follows:
is the third time we have met together less than to over 5 m offering at 3 Steambats are wasted Barker is not a medical man. and that...
country man has been further exem
the
REFINERIES-China Sugars; have been
the United States of America China
the medium of a fair business at rates by Mr. Barker But to quote Mr also has severed relationship, and we hope Dividend of $7 and bonus of 82
per share on 20,000 shares.$180,000,00 varying between $113 and 3114% and Jeremiah MacVeagh, M. even if only
100,000.00
now close with buyers at 8114 Malabons, one could be cured. I take leave to say 834,782,62 that she will realise in the very near
future the necessity for cutting ont the To add to reinsurance fund ...
ing suspense account 80,547.65 after sales at 832, close with a nominal that the public conscience will readily 93,745.28 cancer of trade dishonesty inseparable To carry forward to underwrit
MINED. This market remains practisions in the kingdom rather than prolong from German mentality, in her midst carry forward to underwriting quotation at sans figure sacrifice the etiquette of all the profes before it is too late. The deportation of
of the Company, the provically neglected, with the exception of by one hour the agony of even one wound- accounts Germans from China alone will chable suspense becounts a new feature in
The Rev S. Burton Milton, MA, 1,695,141.48 our great neighbour to give her entire son is necessary to meet the claims on Raubs, which are wanted at 10, with "ed soldier."
accepted in 1915, and for no business to report Tronohs remain attention to the development of her vast marine business acceptedt be made until ou offer at 27/6 and Kailans have a writing on Mr. Barker's work in the Saturday Review on January 13th last, which payment 83,066,5-12.30 resources, without having to set aside hi
Hong said DOCKS, WHARVES AND GODOWNS. her interests as a whole in combatting this or following years. Turning to 1918 nominal quotation of 3116
What would one say of . Government at $1231 for cash and settlement account, large sum carried forward to laternal strife which the active pro account, you will notice that our premium
paganda of the Teuton race has in the income is more than double; the balance kong and Whampoa Docks have been done. Underwriting Suspense Account is est past stirred up within her very borders carried forward after the transfer to Kowloon Wharves, after sales at 881 and to-day who refused to use some reas
$119,430.99 change Buctuation account of
Shanghai the war because that means was thought mated to be sufficient to cover losses and will assuredly do agam with added aceruing in 1915 and previous years and venom in the near futurs if they are in is 8788,534,05. This gentlemen, is the 852 are now entier and closed with a which would undoubtedly end and va
a position to do so Gentlemen. I cor-largest carry forward in the Company's nominal quotation of 880.
In an admirable leader on manipula to leave a sufficient margin to meet the fidently express the hope that before our history, and is also the result of our asso-Docks have been dealt in at Tls 90 and of by some one who was not a member Excess Profits Tax, on our business next annual meeting China will have ciation with the Unton Lusurance Society T 01, and are now wanted at the of the Government
thrown in her lot whole-heartedly with of Canton, Lid. An important feature former rate fed at the of the
Medical Prese, the editor writes: Londons and elsewhere from the comhree Britain and her glorious allies and to an extent quite unprecedented, in the LANDS, HOTELS AND BUILDINGS. —Cen-
Pasteur, upon whose work scarcely less ancement of the war until the end of that the peace of the world will be re-figures before you is the operation of extraks have been sold at $100, and close tive surgery in the current issue of the stored. The question of relationship change. A large proportion of our busi with a nominal quotation at same sgure. 1915. I feel sure that shareholders will be British Insurance Companies reis is done in countries in which sterling Lands are wanted at 8971, with no approve and endorse these recommenda and German concerns after the war has is the standard currency, and in com- business to report. West Points have than an Lister's modern surgery rest its tions. It is true, gentlemen, that we been receiving world wide consideration Paring with the report which was pre- led to business at $76, and at which rate most notable achievements, was a chemist.. and recommendations have been misdesented to you last year, this important shares can probably be placed. Hum who had no medical or surgical qualifica- difference between the rate of exchango been quiet markets, and close with listened to, his theories were tested, and could have paid an increased dividend with a view to assisting the Imperial factor should not be lost sight of. The phreys Estates and Kowloon Lands have tions of any sort. Nevertheless, he was on the year now closed, but your Government in arriving at a decision taken on the 31st December, 1915, and the nominal quotations of 86 and 3 re his work appraised, with the result which Director, having given this point their It may not be out of place to mention 1st December, 1910 is approximately spectively. Hotels are unchanged with we now know.
hure that the violation of International
ent, but for this difference our pre- per
COTTON MILLS, Thero has been con- closest attention decided that in view of Law has quite upset all accepted precum income and losses and out going nominal quotation of 102.AMES
Mr. Barker has succeeded in bringing the uncertainties of the future, this step tices in the underwriting of war risk to lesser degree would show a consider siderable activity in this market since In the same article the éditer affirms: Auf unprecedented feature has been the able increase, and the transfer of the out last report. Ewos have been sold would not be a wise one. Turning toing of neutral steamers higher than amount to change ductuntion account at Tls. 155, but have now declined to about faal cures in a great many cases 1918, you will notice that the premium atang og elligerent Bags. Steamers would have been unnecessary Turning buying rate of Tls. 151. Kang Yiks have in which the best efforts pot of one dis- inconic is eight and a half million dollars, carrying enrgoes for the relief of the to the balance sheet, you will notice that been the medium of a fair turnover, and tinguished surgeon only but of many which, in view of the exchange, indstarving millions in countries in occupa w have transferred $668,692.65 to rein-
tion of the entry have been sunk unsurance fund from extra reserve fund, been placed at Tls. 141. with buyers now British and foreiga, had previously been, Youness Shanghai Cottons have been sold The witnesses who have testified in our પૂત, at exchange 28. cutes steady progress in our business, mercifully: To what extent these out the balance of which is converted into offering. Tls. 146, without leading to bus attended by complete failure
sterling
shares can be obtained. Yangtzepoos the greatest distinction, constitute a while the percentage losses on the other rages may go in the future it is impos will readily realise that in view of the at Tis. 192, and at which price more columns, among whom are surgeons of
sible to foretell As far as your Dites
previous year.
price on t
to
25
MISCELLANEOUS.-Cements have been
FAIR PLAY
side is no greater than that of the tors can see from the telegraphic returns: large number of policies issued in 50 have been sold up to Tls 6, but are now weight and volume, of ovidence which I want every one to consider what these Out of the balance of to date, the super-submarine frightful it is necessary that we should create a
ness of the Germans 18 not causing the gold reserve to meet possible liabilities easter with probable! buyers at 85.70. it is quito impossible to cast aside. $5,128,000 we recommend the payment of management any more anxiety than be thereunder The Company's investments
on the 31st December, 1916, and is buyers at the latter, ralo. Sales of Trams professional paper mean. I want him to an interim dividend of $30 per share andfore this policy was adopted, while the ive been written down to the market sold at 28:10 and 8815, and close with confessions in the columns of a purely
business of the Society is ever jucreasing investment fluctuation account we
and Electrics at 8521. China Light and have been brought before the editor be bonus of 20 per cent. to contributors. You will be glad to bear that we have the comfortable sum of 870,00 have have been made at 7.30, Powells at 80magine what a mass of evidence must of business on bonus terms Gentlemen,, established cordial relations with they further depreciation feel sure Powers are wanted at $41 Dairy Farms fore he could deliberately pen such words. the Directors are more than gratified in largest and most important Insurance you will agree with mos that this position at $22, Laundries at 83.40, and Ropes at I want him to ask himself why services
one for congratulation. I am glad to 28 The following have a nomina! as Company in Japan-The Tokio Marine
paper by numerous surgeons and physic-. being able, taking exebunge into account, osurance Co. and it is a pleasure to sure you that the report by the Com quotation, viz, China Boracos at which are so highly extolled in a medical to place before you accounts which not record that in all our operations with pany's surveyors on our advances under Providents at 88 Toes at $151, Penkins, as well as the editor-services only show an increased premium, each them we have experienced the highest mortgage is quite satisfactory. I will Trams at 89:80, Waterboats at 816, and which are taken advantage of by officers year beating its predecessor which showed standard of fair dealing. In conclusion, now move that the directors' report and Steel Foundries at
gentlemen, I express the hope that you statement of accounts as presented bo a record, but a satisfactory percentage and other shareholders, who are not pre adopted. After this has been seconded I the business
PAUL DUFAULT'S FAREWELL of losses which in times like those sent to day, will not only continue your shall be pleased to answer any questions
valuable support but assist in further that may be put relating to the ba
Minic-lovers will undoubtedly be glad impossible to attribute to anything but building up the business of the Society before the mecting the most careful direction and the derot one of the oldest and most successful in Mr. Hay seconded, and, there being no
and the derotations which the Colony of Hongkong questions, the resolution was put to the to know that Paul Dufault, the French ed attention of the whole of our stai can look upon with pride and content meeting, and unanimously carried Canadian tenor, who created such an from actual knowledge of Mr. Barker's On the proposition of Mr. ARCHBOTI,
recent visit to the Colony, is to return sticles in the most authoritative publi
three e farewell concerts. each individual member of which is bear-ment. (Applause) conded by M. MANSFIELD, Messrs. Bately favourable impression on his work in the own journals and from
to give
cations in the world, one is forood to MAN proposed the adoption of the report
Lowe and C. Bernard are dare to be heartily welcomed. Mr. sphere Mr Barker can give by far quent upon the character of the business and accounts as presented:
Mr. Horoa u seconding, said Brown were re-elected auditors at a re Dufault had an enormous success in which the Society with its world-wide
t gives me much pleasure muneration of 8500, on the proposition Manila, the Press hailing him as the the most efficient, help that can be Mr. greatest singer that had ever visited thern furnished to the injured soldier at the adoption o the of Mr CONHA, secondled connections 25 at present
Manila Times zote The
It any he present time. Is that sexistance to be This was all the business and the Chair- said in all truthfulness, that Manila withheld because Mr. Barker is not
tered medical practitioner I one and all to note the man announced dividend warante were has never heard singing of the quality what he never professed to be a regis
Dufault offered. 15 per cent. bonus to be placed to the figures presented and confirm the alle ready and could be had on application.
were res
These
of high rank as well as by members of the profession itself should not also be available for the ranker who has served, or who wishes to serve, his country in the hour of her direst need 1
Finally, if one is to judge from the utterances of surgeons who have written
ing his share of the added strain conseThere were no questions, and the CHALET Dodwell and J. A. Plummeraditional opportunities of bearing the conclusion that in his special
onducting
Gentleme
second the
You will be glad to hear that your report and acco
great Directors have again voted the staff a
hold
elected
directore Messra. A B
It cannot hat. E. BALYE. ification
to share
him