INTIMATIONS
THE HONGKONG DAILY PRESS, THURSDAY, AUGUST 18ra. 1917.-
VICTOR RECORDS
THE
RECORDS OF
OF QUALITY.
LARGE
SHIPMENT
JUST RECEIVED.
;
Give us a call and make your selection.
MOUTRIE'S
VICTOR AGENTS.
FOR ONE WEEK ONLY.
SALE
OF ODDMENTS
AND SHOP SOILED
GOODS.
This Sale is planned to clear all oddments and counter-solled goods, and for this we have made a careful inspection of the whole of our stock, taking out any articles the
| least damaged and all odd and broken ranges.
MACKINTOSH
& CO., LTD.,
Men's Wear Specialists,
16. DES VEUX ROAD.
WHY
No. 10
SCOTCH
JAMES WATSON & CO, LTD., DUNDEE, SCOTLAND
TRIPHONE 19
(100
SHOULD ONE DRINK
No. 10 WHISKY?
BECAUSE ONE OUGHT.
DONNELLY & WHYTE,
(BOLE ́AGENTS.
TELEPHONE No, 638,
195
UNDERWOOD No. 5.... ... $140
REMINGTON No. 10
ROYAL NO. 5
$120
$120
Machines are in first class condition and ready for immediate
delivery.
Apply:
PHONE: 1687.
WILLEM HEYBLOM,
POWELL'S BUILDING.
SOUTH CHINA'S TRADE IN 1916.
THE MARITIME CUSTOMS REPORTS
50WLOON.
COMPANY MEETING. in conjunctive with the mille for produe on hand they seem to be cinly too
fing Steel - Material from Ingots, which to deal diretti with responsible bodies HỌNGKONG STEEL FOUNDRY keep the furrinces running night and day, instead of middlemen, who are so anxious
CO., LTD
crucible finances are more comical. to neze, ous biond, before life begins. An article is one of the leaf papers As a result of our endeavours we learn The 7th ordinary general meeting of the above was held at the other of the pe tine ash dealt will the question of that new mining laws have at last been The value of trade passing through the (neral Managers (Gorden, & Co.) yo manufacture in Hongkong of Munitions drafted which are likely to prove necopt Kowloon district, by jank and rail durterday. Mr. A. G. Gordon presided, and uf War, and 'mi that much effective help able to the Treaty Powers and at tho ing 1916 was. Hk. Tls. 47,043,483, decrease of 1 million taels despite an
those niso present warn: Mesure. F. could doubtles be given to the cause of same time to prove of immense beneût naerense of nearly a million taels in the Maitlandi. T. F. Hough, J. Grist, H. the Allies if arrangements were male for Chine. We can only hope that, the cargo" carried by rail. The revenue B. Hancock, A H. P. Jackson, P. such manufature here,
The article Cabinet changes in Peking will not derived from junk-borne earge amounted
2
DEPRECIATION Before I close I should like to say a
The 102,710, a decrease as compared Tester W. Logan, E. Raymond, Cinted that persons in important posisult in the new daft being pigeon-holed with 1915 of Ts, 60,000. Opium duty P. Lauriert, P. C. Posts. E. E. Elis. tions had said that no means existed in and forgotten." aut kemased entirely and there were K. Henderson, f. W. Mark, and substantial decreases in the collection from dusy, kin and chingfer inwards Yuen Cheng, with Mr. Fisher (See From Tail horne cargo the revenue was retary}. Tls. 55.162, representing an increase of nearly T. 15,000 over the 1918 collection, transport by rail showing, on the whole, steady growth since the inception of the line in 1911.
LAPPA
BONOMOUN.
The CHAIRMAN said: --Gentlemen-The report, and accounts having been in your hands for some time I will follow the usual course and, with your permission,
years past.
Hongkong for the manufacto ay of steel shells, but the fact is apparently not known to these persons that there duas few words on the question of deprecia-
tion: We have for Home After the Secretary has rond the notice exist, and did exist at that i tjine, a convening the meeting, -
foundry in the Colony capable of turning allowed 10 per cent, and at same timo out precisely what was required; and the upkeep, which, is a very teney om, doubtless it will interest? the patriotic has been charged to the working account. As a result of provincial civil war and
Hongkong-pullie to know that this Cam-The furnaces to-day, with the constant piracy the total value of trade in the Lapin district fell by over 2 million
pany was asked by the Government on gals, are in as good a-condition as taels to Tla: 14,302,235. Owing to the take them as read. onders during the behalf of Russia if its resources could when installed; nevertheless, it would be crease in prices the actual decrease in year under review have been, plentiful, in made available for the supply of muni-hopeless to expect our business to be où a the bulk of the trade is considerably more than the figures would indicate. This and to meet the growing demand for a tions of war, and a reply was sent to safe and sound basis if no depreciation shrinkage was reflected in turn in the heavier chiss of work affered, we have the effect, that its resources were snel were provided. The Shareholders might decreased revenue of Tila- 121, 800, which arranged to begin, without delty, to lay that at the time thre tons in cast steel be more pleased with the accounts, but was the lowest on time Customs assured control of the por down two more sets of patent radio fur shells or ingots for making shells could assets would be standing at a ficti in 1997. Foreign goods imported showed ances and contemplates later, building be supplied, each day, and this if re-tious figure. Therefore, it is clear that, a falling off of about a million and a half taels at Tis. 10.335,188, Chinese two extra furnaces, which will enable quired additional plant could be-prouur- provision be not made for depreciation: goods exported were reduced by nearly 14ts to accept urgent orders for work which red in four or five months, to supply each year, the time will come when new millions and stood at Tls. 3,548,639. cannot be executed without considerable forty-five tons'a.das guaranteed? There-empiul must be introduurd into the Though Kongmoon suffered in a like delay and expense to our clients. This fore, gentlemen. you will see in this Business to enable the assets to be ac- respect business was most satisfactory will also enable the Company to make Company, on behalf of the Colcas, offer quired for continuance on more modern The revenue collection of Tls. 227,325 was the best on record. The net value of the soft ingot steel for forging purposes to ed to do its best in the common cause. trade coming under the cognizance of the take the place of home orders which (Applause.) Spanking from ny lung Maritime Customs amounted to FIs 8,282,732, an increase of over 3 million cannot be fulfilled, owing to the difficul- experience of this Colony's progress and over the figures of the preceding year. ties of transport and Government Revenue saw an increase of Tls. 00,000 striction against the export of steel mercial world, awing to its great ship re- the position it holds to-day in the com- despite the absence of opium and katerials leaving British ports. If this ping facilities and advantages for ship which have completely disappeared. Chinese goods exported increased by state of affairs continues, we may still building and other industries, requiring nearly half a million taels, and foreign goods imported went up by over three crease our output by making further the supply of iron and strel runteria),
an asset well within its value. We are millions.
additions to the plant, to meet the urgent and which is of paramount importance only working on Que fringe as it were. Samshui still had the effects of the demand for soft ingok steel. The encour-to the future interests of this port, it fof the complete process, which enables
ŠAMSHUL
andations of the previous two years to agement, given to this Company to further would be disastrous to allow what has↑ recover from and before this could be its endeavours to supply the wants of its already proved to be such an unqualifica manufacture tool steel,
the Company, amongst other things, to offerted the province was plunged into disorder and civil strife, Nevertheless, present constituents has eaused your success to fail at this stage for want of locomotive wheels and tyres, crossings, The net trade totalled about 7.73 millions, managers,, with the sanction of share-expital, and fall into the hands of other a result which, coming after two succeslers, to incrguse its capital to nationals to reap the benefit of enterprise links, car wheels, propellor blades, ship. 'points and chains, axles and chair. sive years of flood, clearly demonstrati the vitality of the region. There was $1,000,000. A scheme is already in hand which has clearly proved the necessity sterre frames, hydralie cylinders, etc., only a decrease of four per cent in the for its reconstruction under a Board for such an undertaking. collection of revive, which stood at Tls.
(Applause:) and anything and everything required in 203,871.
The import of foreign goods Ditors, which will be fully ex-The clarion all in Mr. Anton's speech improved by Tsi 100,000 and stood atplained to the public later, when it is at the launching of the two vessels on
1,160,006, rep. This includes about Tshepetl the extra capital will be forthcom Saturday, 4th instant, at Kondoon Docks, sportations of rice to replenish depicted ag to enable the Company to proceed sounded the right note in its most telling stocks, The exports of Chinese goods rass by netrly half million tnels and with an installidion to meet all prus atmosphere, amongst thus shipping stood at the gratifying figure of over Tiday requirements Ax for China, and ts and enginearing capitalists and experts 2,500,000.
awakening, nos bich so much has been of Hongkong and surrounding districts, Wachow's trade increased by over two written, we fol, that when the war is He said: --The shipbuilding-yards here million inels, due almost entirely to ex-over things will begin to move. Eves had very many advantages ever the ship ports. Foreign goods decreased by over
wtenow.
1
methods.
PATENT PROCESS: No depreciation has been allowed emi this item. and considering the value of 5.000.00. and taken over on formation Esame was originally purchased for
of the Company for £2,000.0.0, there fore standing at thar #gure it represents
the steel casting line.
razor
#teel,
BU 425
Finally, gentlemen, I have risked my in this venture against advice to the contrary, knowing for many years that Honer or later the growing demand or steel interial long before the war) justified the experiment, and knows better than I do the vicissitudes good and bad fortune through being a million thels and stood at Tis. 6,876,572 during the last three years, while Europe building yards at home, but they find determined to fight against all difficulties. in spite of the enhanced prices of all combat bern locked m death struggle, one disability, and that was they had to am, therefow, anxious modities. doubled itself. The export of antimony
The export of cattle nerly China has not examined stationary. As the Steel out from hacle, aise ship consummation of my life's work, e, that ore rose from 10,492 10 146,721 piculs and survey is in progress for a line which plates ` and Boiler-Pintes.. He could dongkong, whosh has been my home for mynius from 007 7,012 piculs. The will certainly develop portions of the s the possibility of having their she tightly holds to-day, as being one of over 40 years should keep the position revine collected showed a decline of Teoantry through which flows the Westown Steel Works in Hongkong soon, the most progressive outposts of the
22,054.
JAPANESE- COAL POSITION HIGHER PRICES AS WINTER APPROACHES.
very next
to see bę
River, and give a stimulus to trade in They had iron ore
British Empire. (Applause.) Lean bere, think of nothing more that would be Kwang Si, where it is known there are with lots of coal in Kwangtung, and it interesting to Shareholders, but if there: deposits of Coal und Iron, as well as of only needs a certain amount of enterprise are any questions 1 shall be pleased to Tin and Antimony. I am not. therefore, to have these steel works established." sion of the report and accounts.
auswer them, before proposing the adop- In the coal trade the prospect is that pessimistic as to the future of Kwangsi" We bave iron ore very near here" There were no questions, and the another historical boom is anticipated for Kwangtung if the authorities - will buy, Mr. Anton. I love already stated CHAIRMAN then moved the adoption of
the report and accounts. after tais month, because the stock of coal Guy encourage local enterprise. Recent that iron ore is to be obtained in the at uepots in various parts of the country
abat
the iron mine pear here is good why do the owners not work it themselves? They are capitalists, and with pig med ut ita present value it seems strange that no fort has bon wade to develop such a wonderful find," and if so rich fa
is but running it (mys the depent pvents have shown that, in Canton, there neighbouring provinces, of China, but if Aderitiser),
Buyers are hurrying up their purchases desire to stimulate the development at present on account of their anticipe of mineral enterprises in the Province, sic of another autuan boom. Because and I feel the day is not far distant when ting were thrown into a difficult position fast spring owing to the hesitancy at the speedy rise in prices, buyers are now anxious in their operations and every rise in price is speedily acquiesced in by there,
This attitude of buyers has already had Iron Ore and other Minerals. To give, manganese, etc., as it is stated to be, is it its influence on the visible stock and in you some idust of those offers, I will wad not reasonable to its turn affered the trend of the trade.
of and, Iron sill be shipped to Hong kong in large quantities. We have been inundated with offers to supply as wili
HA. G. Gontus, Eng
Ding
In Kyushu, indeed, amormally high you one amongst them.. freightage has proved a check to the running out of the stock, but in Hok- kaido and Tokio no such checks are in evidence and the stock is steadily reduced quite contrary to the usual trend summer.
Ід
According to a recent census the stock at the Sumidagawa depôt was 13,700 tons against 14,300 tons in Jure. In Hokkai-. do the reduction has been more rapid. At the end of June the stock was 2.020 tons against 106,300 tons at the cluse of May. At Wakamatsu and Moji at the end of July there were 302,700 tons against 301,550 tons at the end of June,
Judging from the rate of working as different mines the replenishment of the visible stock cannot be cass. The import of mining machines is difficult and owners orders are accepted by foreign machine men the arrival of the ordered
machines is delayed; According to certain mine owner the acquisition of machines is now almost hopeless Labour is also getting scarcer every month. ne industrial booms have called labour away to other safer and more paying lines. In spite of their intense efforts at coping: with the increase in demand mine owners. have been able in the first half of the present year only to increase 20 per cent.
con⚫
DEAR SIRA gear request
inforni You that
فرصة
from the Chinese Government.
suppose it would have been taken in hand years ago to demon- strafe to the public the quality of its ore 3 we The owners st have their doubts about ata Anancial success. The ore is offered
to necessary
specified
an
Mr. F. MAITLAND.I beg to second. the adoption of the report and accounts. as presented. It is pleasing to at last arrive at the dividend paying state, and
hope shareholders will receive del Amagers are had. annual return in future. Certainly, our hard struggle, and all shareholders should congratulate them on the results of the past two years working which show. next revenue of no less than 243,982.37, or 56 per cent, on our capital. The Cam- pany has suffered in the past, and still retarded from lack of capital. The General Managers have consequently had to utilize profits to pay for improvements. stocks for current work. And yet it is. and enlargements, and in holding bigger
impossible for them to entertain but a proportion of the orders submitted. With an increase of capital it appears evident that the success of the company is assured. With these few remarks have pleasure in seconding the adoption of the report and accounts.
lasy wer have got permission for sale with all its alluring qualities, but they go no hither. If this mine has reopen the Iron Mine in Kangst any commercial value, and can produce Province. This, Iron Mine occupies an Pig iron up area of (40) forty square miles, and at standard. I have, no doubt that he
The proposition was then put to the present there are about 300 labourers Hongkong Steel Foundry Company meeting and was carried unanimously.
Mr. Houch then said:-The clear as work.
alone could install a plant for milling statement of facts we have just heard The output of Iron Ore is about 300 steel material up to, say, 3,000 tons per read, is, to my mind, conclusive that some- If more Inbourers are month. If those who "prattle" about that, the enterprise is such a good one thing should be done, and it would seem piculs daily. engaged for the work we can supply having. Hongkong's interests at heart, that it should appeal to the investing you, monthly, under contract, nine or will be up and doing instead of Hongkong public, not only as a good investment but as a sound, patriotie ten thousand pieuls. In case of in-(may I use the word "bluffing," busi-movement, and I should be glad to see Sufficient output, according to contract pass night result. I have on the table the matter brought fully to the notice of of Ore to be delivered to the Company, estimates only arrived a short time ago necessary tueasures be adopted to do so
the public, and would suggest that the The CHAITMAN. I am greatly obliged
we will, of course, be responsible for giving us details of the latest method in any loss incurred thereby, and we are steel production from the ore to the time quite ready to fuainish a guarantee if it is used for building purposes. We required."
are informed it would not pay to erect
to Mr. Hough for the suggestion, and think that there are many Chinese gen- tlemen who are only wailing a lead from the foreign community to interest them- selves in this
matter.
We have had samples tested and an installation below one hundred tons Mr. Hoca would propose the fol of the production in Hokkaido and 10 annlysed and find them váry rich in ver day-2,000 tons per month-therefore_lowing,—that' an
extraordinary general per cent. In the Kyushu and Fukushima Manganese; in fact everything is very we have the cost of such an instal for an early day, to which the public be meeting of the shareholders be convened felds.
In the meantime demand for fuel has satisfactory, and indicates a great future lation with rolling wills and foundry invited to be present, when the matter increased space. Not only industrial for this Company. However, as we are uplete, and the estimate cost of such will be fully considered and
list workere but carrying organs have
opened for signature of those gentlemon sumed more coal and in the first half of working on the process of melting downhid down in Hongkong. So you see who are willing to take shares, the present year their demand showed nu, Serap Stest with other mixtures added, we have not been asleep in this Mr. JACKSON: seconded, and this rezolu increase of 20 per cent over last year the supply of Iron Ore does not affect maiter And
tion was unanimously carried. The export of coal has declined somewhat
now, gentlemen, what more On the proposition of Mr. HENDERSON, bornuse of the scarcer supply of tonnace, our present crucible installation; it only is wanted? I
Mr. HANCOCK, Mr. au confident with an astonishlug vitality, because in
subscribed Bernard Brown was re-appointed auditor
to the Company. Hawaii, British India, and the South marks at the last general meeting, these would be little (if any) difficulty This was all the business, and the Pacific a coal famine is threatening namely, Until such time then getting into communication with the CHAIRMAN GRRounced that dividend Those foreign points will pay whatever. Foundry Department can be made to run proper authorities, as from information warrants were now ready and could be prios is quoted by suppliers.
had on application
but now the foreign demand is reviging affects the progress mentioned in my re had the necessary cote if we seconded by