Page
RACECOURSE
DISASTER,
DETAILS OF THE SHEDS.
The enquiry into the racecourse disaster was continued at the Magistracy" "yester,
THE
COMPANY MEETINGS. HONGKONG FIRE INSURANCE
CO., LTD..
The forty-ninth ordinary meeting of the Hongkong Fire Insurance Co., Ltd., was The greater part of the morning was held yesterday morning at the offices
HONGKONG · DAILY PREAN, THURSDAY, MARCH 28 r. 1918.
I now have pleasure in moving: CHINA SUGAR REFINING CO, LTD "That the report and accounts as pre-
The fortieth annual general meeting of sented, including the payment of a divi- the Ching Bugar Refining Company, Ltd. dend of $37 per share, an addition of Hongkong, was held yesterday morn 268,044.73 to the investment and exchange ing at the offices of Messrs. Jardine fluctuation account; of £5,000 to the re Matheson & Co. (general agents). The insurance fund; and the payment of a Hon, Mr. D. Landato (Chairman) pre-
wasted by recalling the partner in the the Company, Messrs. Jardine, Matheson bonus to staff of 15 per cont. upon their sided, and there were also present:-THO
frm of Sto Hop, the matshed contrac Co., Pedder Street.
salaries be adopted and passed."
LANE
ESTABLISHED.
1850.
INTIMATIONS
CRAWFORD
AND COMPANY,
TELEPHONE 1741.
WE ARE NOW STOCKING A CHOICE SELECTION OF HALL MARKED
Hon. Sir C. P. Chatery C.M.G., the Hon. The Hon. Mr. David Landale presided, Mr. D. V. STEVENSON seconded this, Mr. E. Shellim, Mr. F. Maitland, Mr. tor, who was required to deal with the
and there were also present: The Hon.
A. O, Lang, and Mr. H. P. White (con- shads one by one and state the position Sir Paul Chater, C.M.0, the Hon. Me and it was carried unanimously.
The Hon. D. Landale, the Hon. Sirulting committee), Meesra. G. M. Shaw of the staircases, exits, etc., in urder E. Shellim, Sir Robert Ho Tung, Mr Faul Chater, CM. Sir Robert Ho (manager), W. Beswick (Hon. Seo antar. Wright, the Building Authori S. Gubbay, Mr. F. Maitland, and Mr. Tung, Hou. Mr. E. Shellim, Mears. H. retry), the Hon. Mr. Hu Fook, A. J. ty might take notes, and, at a subsequent H. P. White (Consulting Committee) 2 White, F. Maitland, and C. 6. Cub Dirid, A Crapnell, PCP STERLING date, produce a plán showing the Mr. L. N. Leefe (Secretary), the Honbay were reappointed the consulting com- Smyth, R. Hancock, E. J Grist, F.
Mr. Ho Fook, Mr. H. Percy Smith, Mr.
mitten for the ensuing year, on the motion. P. de Graca, Lo Cheung Shui, J. W. Why this object could not have been A. R. Lowe, Mr. G. Grimble, Mr. of Mr. G. K. Flaxton, spoonded by Mr. Stewart, Cho Po Shien, 8. E- da Luz, attained much more satisfactorily by a Steavenson, Mr. C. Beswick, Mr.
C. A, da Roza,
Ho Kwong, A. G. C. de Bilya, R. M Austin, D. G. M. Bornard, A. C. Davi A. da Roza, G. K. Haxton, Mr. Ho Loung, and Mr. Lo Cheung Shui (share.
son, and H. M. H. Numuzee (share- holders).
details
consultation between Mr. Wright and the contractor at the Public Works Depart ment and the plan simply pat, in and -proved, · was not stated.
CUTTING THE LASHINGS
Messrs. H. Percy Smith, F.C.A., and A H. Lowe, F.C.A, were resppointed
SILVER
SUITABLE FOR
GOODS
WEDDING. COMPLIMENTARY AND CHRISTENING PRESENTS. THE DESIGNS ARE QUITE UNIQUE,
INCLUDING
COPIES FROM ANTIQUE PATTERNS.
auditors at a remuneration of 8500, on holders). The CHAIRMAN, in moving the adoption the motion of Mr. C. W. Beswick, gecond The Cauman, in moving the adoption of the report, said:-The oderwritinged by the Hon. Mr. Ho Fork.
of the report and accounts," said :--- such The CHAIRMAN announced that dividend Wo regret having
to submit Li Sui Pui, aged 15 years, the son of operations for the period under review
statement of Last CAKE STANDS, the witness who gave evidence the previ have, I am glad to say, again heen very warrants were ready and could be obtain an unfortunato ons day regarding hearing the lashings successful. The loss ratio for the closeded at the office. The meeting then ter year's working, but you are doubt
of shed No. 19 being cut, corroborated year works out at as low as 36-29 per his father's statements. The noises he cent. The expense ratio is very moderate, hened, shortly before 3 o'clock, sounded, and a substantial profit, therefore, has he said, as if the lashings were being cut to be recorded for 1916. For 1917, also,
minated.
HONGKONG ICE CO., LTD:
less well aware that sugar, is subject to * wide fluctuations in value, and it is due
SALVERS
to a decline of about 50 per cent, in Java MENU STANDS. The thirty-seventh annual meeting of raw prices, and greatly increased costs BONBON
DISHES
below him. He did not actually see any the underwriting results aro, up to date.the Hongkong Ice. Company, Ltd., was of refining that the year shows such an ne cutting them. It was only one or quite good, and if the second year's e-held yesterday at noon, at the offices of adverse result. The scarcity of tonnage two minutes after he heard the noise that perience is up to the average we should the Company, Messrs. Jardine, Matheson brought about the heavy decline in Java SUGAR AND He told his father that again have a good profit to show on the & Co., Hon. Mr. D. Landals (Chairman), sugar prices during the past 12 to 13 the matsheds were about to collapse and termination of this year. He was presided, and there were also present: months, as it was impossible to market
the shed fell.
asked him to listed. He did not think
that the sounds he heard could have heif anything, been more numerous thanRov. Pore Robert (Consulting Commit Vitus ya China, we bad to
the wounds of the lashings barsting as
down
Losses in the Far Eastern field have. The Hon. Sir C, P: Chater, C.M.G., and the the crợp adequately, and as this affected
uunt. There have been large outbreaks too), B. M. Austin (Secretary), Mr. G. our rennial stocks very considerably.
Philippines, in Kobe, in Hankow, and in Fook, Messrs. C. W. Beswick, A. V. Ap distinct intervals. If the lashings had Shanghai and so we must, I think, recar, G. Hogg, A. B. Blewart, D. been bursting on account of the shedsgard ourselves as fortunate in having so M. Bernard. 4. C. Davison, A. J. O. dá good a result to show. The most adverse Silva, and Lo Cheung Shui (share Falling the noise would have been a differ.
Ho bad nonfluence ou our figures has been ex- holders). ting and continuous, however, heard the sound of bursting change. A year ago my predecessor in the chair made reference to the diminu lashings in, ang matshed before.
the shots fell, because the sounds came at European occupied properties in the Haxton (Manages), the Hon. Mr. During the past 12 months prices in
being taken down
ДВ
The CHAIRMAN Raid: The result of the
China have dropped roughly about Tls. per pioul In fact, the loss on our hinn business has been extremely heavy, during the period under review we made quite satisfactory profits on our orders for other outlets. Japanese com
$1,482.87 as compared with 1916, the the output of Japanese refineries has in- cutting lashings when watsbeds were value of our Gold assets expressed in loca actual net profit for the year being creased during the year. The high rate f By Nr. Bowley: He had seen workmention which had been thus caused in the year's working shows a decrease of petition has been keeper than ever, and[
currency, and, of course, a corresponding $87,932.69 as against 280,425.47. The of silver exchange is of great assistance Li Po Hang, brother of Li Po Lung, shrinkage occurs in the profits of our usual interim dividend of $2 per share to them, but their own protected market ||
is their strong point. The position prác- was also called upon to give evidenca (gold-using agencies, affecting our work was paid in August last, and we now
Since that date exchange propose paying a final dividend of 39 tically resolves itself into this, the Chin- with regard to the cutting of the lashings, fing account,
per share, which, I trust, you will conese consumer of refined sugar is sup- He was in shed No. 12 und he saw people has had a yet larger rise from 2/4 to
We are also m ä plied by the Japanese refineries at the ran, but he did not know why, for he 3, an increase of 25 per cent. It is re-sider satisfactory. heard no noise. He himself ran a couple markable, I think, that in spite of this position to add to our provision for con paces and then the shed fell down the premium income of the Comapny is tingencies account to the extent of $15,000 His brother had told him that someone at a level which was only exceeded in and carry forward $14,432.00. had cut the lashings, but he had no evid 1915. ence on the point
of
bad
enco.
THE FIRE.
CONTRACTOR RECALLED.
Your Manager reports
Bales of
expense of the Japanese consumer, and I
wonder how long the Japanese consumer wil be content with this state of affairs.
upon
my year. This is another matter where exist.
very large amount of dollars to the acceptance of general fhe main themselves or to allow others to do so.
pany.
CREAM SETS,
Erc.
MANICURE
TRINKET
BOXES.
PUFF JARS.
CIGARETTE
BOXES,
Έτσι,
TEA AND COFFEE SERVICES, FLOWER VASES.
AGENTS FOR
COMMUNITY PLATE
The Aristocrat of the Dining Table."
LANE, CRAWFORD & CO.
"MEXICAN”
LUBRICATING GRAPHITES.
FOUNDRY FACINGS.
GRAPHITE PIPE CEMENT,
JOURNAL AND GEAR GREASE,
GRAPHITE PASTE PAINTS.
BOILER GRAPHITE,
SOLE AGENTS:
ANDERSEN, MEYER & CO.,
LIMITED.
Hotel Mansions.
Telophone 1990.
Powell
Wm.
NEW STOCKS!
ce show a slight increašo over 1916, Our holding in British, Indian and which, when it is borno in mind that At times the Japanese refineries were evon] By Mr. Bowley. His brother told him
selling refined sugar, in China below the about the lashings having been cut either Colonial Government securities has in- owing to the large increase in cost of
cost of raw sugar. The scarcity of ton the day following or the days after the crossed by £23,000, das to further pur coal it was found necessary to increase
nago has affected us adversely in every race-ecting. It was the first occasion
now his brother since the collapsed chasos of British and Colonial War Loans, the price by cent per lb., most be cou-
way. We have to pay much higher rates By the Coroner On the night of the One of the results of this larger acquisisidered satisfactory The cold storage on our raw and refined sugar and also collapse he had spoken to his brother by
on all materials used in production, telephone and nothing was mentioned tion of gold assets has been that the branch, however, shows a decrease in ré-
amount held in reserve to the credit of venue this year owing to the partial stone Take coal, for instance, which is then about the lashings.
The investment and exchange fluctuation ne page of the export of meat
one of our most essential items. that all
additional cost over that of the previous W. J. Morrison, a volunteer fireman, count has proved, insufficient, and, as a who assisted at the fire on the racecourse, los actually occurred in 1917, the work machinery and buildings at the works are said an effort was made to throw buckets of water on to the flames, but the heating account of that year has been debited in first-class order, and all launches and year was about 880,000, and I am afraid
houl presented them from getting close enough, with a um sufficient to meet this, and lighters have recursed their annual over that it will be even worac for the current
R. M. Austin, foreman of the Volunteer leave a small balance to the credit of this Your General Managers have recently Fire Brigade, said if n hose had been fund Exchange, since the turn of the been approached by the Dairy Farm Coing, efrcumstances greatly benefit our already leid and full of water with the year, has risen still further, and the with a view to their acquiring the husi neighbours in Japan. Since the war com mozzle at the exact place where the fire consulting committee regard it as viarness and undertaking of this Company menced, coal-owners in that country have started something might have been done 98,094.78 from the
therefore, to pass the further sum of Their offer has been carefully considered, to put out the flames. Otherwise nothing count 1916 to the credit of working and, ne your General Managers and your bóen able to raise the fob. price of coal of this account consulting committee are of the opinion from about Y.4.90 to Y.13 per tan. There would be of service. Everything possible 1 regard this continuous writing-off as that an amalgamation would be to the a was done with the apparatus which they constituting practically a hidden reserve, advantage of shareholders, has been pro reported to be plenty of coal in the for it is quite clear that whenever ex-visionally accepted. A provisional agree neighbouring provinces of China, but tho By the Crown Solicitor: He had bad change resorte to the level of pre-war days ment has been signed. Both offer and Chinese have so far done little or nothing ever, conditional upon to other develop their Southern coalfields experience of fire brigade work in there will be an automatic return of a acce
however, the sanction
of the Shanghai and Tientsin.
shareholders of shar
Company. cach Det-Sergeant J. Field also gave evid
The Company's holding in Foreign terms of the agreement are the acquisition The poor state of the China trade and Gold Loans is reduced, for an invest of the undertaking and business of this the other adverse conditions have resulted ment, referred to at our last annual net Company in
eight shares of the Dairy The partner in the firm of Sze Hoping, in the bonds of the Russian Govern Folders Fit for the issue to share in the slow movement of stock and con- Insurance, etc-As regards taw which he had drawn on February 20th, since the finanors of that unfortunate paid in respect of each share in this sugar, we have fortunately pursued · a recalled, stated that the plan produced ment has had to be heavily written down Farm Co. of $7.50 each credited as fully sequently a heavy burden of interest. showed the crois bracings on the back and country became involved in the throes and Company. It is proposed that our busi hand-to-mouth policy for the past year front of the sheds. He had made the stress of the disintegrating influences of ness be taken over from the 1st January or so, and our supplies are therefore only plan in order to keep track of the the gigantic revolution which is shaking last, and that the accounts of the work moderate and at a price that may mason-
the entire structure of that vast nation.
be kept separateably be assumed to be safe. Our policy ing of the two compa Provided the of systematic repairs and renes
July materiale used in the building but he had you will, I make no doubt, -appland until the working justify such the refinery, piant and equipment is being renewals of the section of the management în again profits made by contributing $5,000 to the local fund for course, an interim dividend equal to maintained, and in addition to last year's War Charities action the interim dividend of 99 per share allocation from prafits of $75,000, we have The Coroner: Your three storey build which received, I am glad to recali;, your which has been paid for the last three years also spent 37,106,46, which has
been ings are 10 as well braced as the two heartfelt approval a year ago and add. Earm sharos to be issued to shareholders Thele outlays were essentia
will then be paid in respect of the Dairy
charged to the Working Account of year storey sheds 1 It is all the same.
After making these provisions But it isn't. No. 10, for instance, is not ing £5,000 to the credit of reinsurance of this Comany After the 31st July the showing satisfactory returns in the i properly braced at to hack? For three fund, we are able to recommend the pay secounts of both businesses will be con proved efficiency of our works. In spite
of storey matsheds the bracing would be ment out of
account 1918
unfortunate result last the profits divided among of stronger; it would be of poles, mot of the usual dividend of $27, per share, and shareholders to the Dairy nem Com working, the mangial funtions year's
I should add that the stall has not been
of which the
is sound, as we now have a The Dairy Fased future name them The
Ico and Cold forgotten. heavier
ce of management Storage Co, Ltd." It is also a part of property dern and well-equipped standing in the books at less arrangement that your general mau- than the value of the land alone. You grow greater in times such as these, and the it will I
hope, have been in accordance
are doubtless aware that the values of
'all commodities have almost Dairy
greatly of the others? Just the same; the other mittes voted a bonus of 15 por cent on as fully paid up in consideration
their salaries, as was paid last year. tain restrictive covenants entered into by evitable reaction is only to be expected abeds are supporting it.
During the course of 1917 en Ordinance them
when there is a cessation of hostilities. Why do you build a row of sheds in was passed affecting fire and marine in- tion by way of bonus as compensWhen it is remembered thas Java raw for their loss of office.ill be called sugar advanced about 100 per cent, during which, some are week 1-The matsheds insurance companies transacting businessAn extraordinary meeting will between support them. We in the Colony, as was foreshadowed in the shortly in connection with this matter, 1915, and has declined almost to a similar
Mr. Bowley. I understand you con Chairman's speech a
aand
I have no doubt that you will then extent during the past 19/18 months, t structed all the doorways and staircases similar measure has also become law in express your approval of the agrement. is to be hoped that our last year's an
accordance with the instructions of the Straits Settlements and is Cote the of
contem
now beg to propose the adoption of fortunate working his embodied all the plated, I understand, also by the the lessons Yes.
that may and that future. conditions The same applies to the heights of the meat of the Federated Malay Btates The resolution has boon seconded if any share be
ask I shall Hoors, and other arrangements --Yes. passing of the local Ordinance had our holders have any questions to
ly insy be more favourable In putting on cross bracings at the back support and we believe it will be of be pleased to answer them to the best of Sir FAUL CHATER seconded the
to the cause of clean and sound my ability. CHATER
and it was co
carried unanimously, w you had to avoid as far as possible the
ATER seconded the motion,, til The Hon. Mr. D. Landales Bir o.
Hon. Sir B the doorways? Certainly.
E. Shellin. Gentlemen, the Company has now - With regard to the front you had to
its atticth year its jubilee Bir Paul Chater and the Roy. Messra F. Maitland, A 0. Lang, and 1000 Stamps wold the openings in order to let thee. Is it too rauch to hope that when Père Robert were reelected the consult I. P. Wait, were reelected the consult 1900 people see the race! Yes you this time next year we exet our eyes back ing committee, on the motion of the Haning committee for the ensuing year, on
Would it have been possible to put cross on the progress and activities of this Mr. Ho
of Mr. E. J. Grist, seconded
out interfering with the people 1-No
Merers H. P. Smith and A. R. Lowe feelings of satisfaction with which we may Mesra A R. Lowe and E. A. M. Wil The enquiry was adjourned until today expect to contemplate them may no long-liams were re-elected auditors for the were re-appointed
auditors at when it is expected that the Director of or be overshadowed by the world's greatest suing year at a remuneration of $200.
ration of $500,
a reque The CHAIRMAN announced that dividend Public Works, the Water Authority. Pre tragedy, but that we may enter upon The CHAIRMAN announced that dividend Macfarlane, Mr. Bird, Mr. Wright and our 51st year of existence with the terrors warrants were ready and could be had at warrants were ready and could be had others will give evidence.
of the war behind us?
the office. The meeting then terminated, at the office.
not made a similar plan of the for He had no plan either to show the material used in the partitions
bamboo.
Aro all the bracings of the same thick ness of pole Yes.
Why is shed 10 braced less than the others Because it has four entrances,
working
and the disure upon
is:
reccive, 2,000 shares in
the
Company
but
Then shed No. 19 is not so strong as with your wishes that the consulting com. Co. of $7.50 each credited cod owing to the war, and the in-
Cainsurance business general which was carried nasnimosanly, Pl Chater the Han
tered
lracings in the interior of the abeds with small but vigorous local Company the Beswick, coconded by Mi C
en-
2000
TELEPHONE.346
Lid
18
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FOR
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EVENING WEAR AND CHILDREN'S - DRESSES,
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BED POSTAGE STAMPS (all different)
8.00 2500 Stamps # 50.00
[18,001 2000 29.00) 4000
$5000
100,00 175.00
GRACA & CO..
No. 4, WINDHAM STREKT,
HONGKONG
3518
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