Page
THE
THE UNITED ASBESTOS ORIENTAL · AGENCY, · LTD.
Tel Central 288,'
2, Queen's Buildings,
AGENTS FOR
BRIGG'S
13
BITUMINOUS
~ENAMELS & SOLUTIONS.
BOLE "AGENTS FOR
UNION"
ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS
FOR SHIP'S HOTTOMS.
“ANCHOR BRAND PURE MANILA ROPE.
THE CORDAGE YOU CAN TRUST."
MARINE ROPS
TRANSMISSION
OF POWER EOPE
CABLE LAID
HAWSERS
WELL DRILLING
. CABLES
ESTABLISHED 1854
YNCHAUST
ROPE
FACTORY
MANILA
RUPEN OF ALL SIZES FOR ALL PURPOSES
MADE FROM
PURE MANILA HEMP
MANUFACTURED
BY THE MOST MODERN
MACHINERY.
STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED
FACTORIES MANILA, P.L
KING'S BUILDING." TELEPHONE CENTRAL 9163.
HONGKONG OFFICE.
BY ORDER OF THE MORTGAGEES. PUBLIC AUCTION FOUR LOTS OF VALUABLE LEASE. HOLD PROPERTIES,
or
NAMELY
LOT NO. 1 ALL THAT Piece or Parcel of Ground situata at TAI KOK TSUI in the Dependency of KOWLOON and Colony of "Hoxoxoxo and Begistered at the LAND. OFFICE SA KOWLOON INLAND LOT No. 181, -Together with the Messages or Tene ments and other Erections and Buildings thereon now known as Nos. 91 AND 93, KREMER STREET;
LOT No.
ALL THOSE Pieces or Parcels of Ground situate at TAI KOK TSUI aforesaid and respectively Registered at the LAND
as SECTION A OFFICE
AND THR KOW. REMAINING PORTION OF LOON INLAND LOT No. 187, To- gether with the Messages or Tenements and other Erections. and Buildings there- on respectively now known as Nos. 115 AND-117, KREMER STREET
LOT NO. S
BY ORDER OF THE MORTGAGEE.-
PUBLIC AUCTION
OP
THE VALUABLE LEASEHOLD
PROPERTY Situate at HUNG BOM in the Dependancy of KOWLOON' and Colony of HONGYONG and Registered at the LAND OFFICE & HUNG HOM INLAND LOT No. 176 (Site of No. .103. Waur Starzz), Together with the and other Message or Tenement Erections and Buildings thereon in Course of Construction:
AND
""
THE VALUABLE LEASEHOLD PROPERTY
HONGKONG DAILY PRESS, TUESDAY, MARCH 16r¤,
COMPANY MEETING. HONGKONG TELEPHONE CO., LTD.
SHAREHOLDERS
WHO * CHOW THE RAG."
À SHAREHOLDER'S CRITICISM OF ABSENTEES. The first ordinary yearly meeting of shareholders of the Hongkong Telephone Company. Limited, was held yesterday at 12 noon in the Board Room of the Hongkong and Shanghai Hotels, Limited, for the purpose of receiving a Statement of Accounts and the Report of the Directors for the period ended December 31st, 1925, and re-electing two directors and the auditors.
The Hon. Mr. P. H. HOLTOAK presided and there were also present:-
The Hon. Sir C. P. Chater, the Hon. Sir Shou-son Chow, Mr. R. G. Shewan, the Hon., Dr. R. H. Kotewall, Father L. Robert, Mr. J, Harston, Mr. W. T. Hawker (for Mr. Taggart) (Directors). Mr. A. L. Terry (secretary), Mr. H. S. Bennett, A. M.I.E.E. (manager), the Hon. Mr. H. W. Bird, Mr. H. Walker, Mr. D. McNeill, and M. R. Ost (shareholders).
CHAIRMAN'S SPEECH.
M.
HONGKONG STOCK EXCHÄNGE,
CLOSING QUOTATIONS.
Hongkong Bank manag
Dovy London. Chartered Bank...........
MARCH 15, 1936. [$1,045'bay. £126 nom. £nom.
Mercantile Bank, A. & B..... £30 buy.
......£131 buy.
$79 buy-
Dait
Bank
P. & 0.
AS BROK. Canton Inrumnes. Chins Underwriters
.......
mox 6*
11820 buy.
1985 buy. Sy bay. $100 bay. $860 bay
North Uhina Insurance with,
Tia. 145 nom. Union Insurance
Insuranud 1*** Anglaze China bire Lasarsace Hongkong Fire Insurance Dongisson HE., O. & M. Steamboats Hongkong Tag...... Indo-Chinas (ref.)
Do, (bot.), Shell Imports.....
Ad...
Star Farrier Waterboats......!! Oriental Navigations China Suga**** Malabon Bagara Benguet......... Kadian Mining Langkata (combined). Do (single) Shanghai Explorations, Shanghai Loans Bath ******** Tratch Minas
Ural Capisas, RK & K Whbari.. E.K. & W. Docks, Hongkows....
The SECRETARY having read the notice convening the meeting.
The CHAIRMAN said:-Gentlemen, -The reportand, accounts for the hall year ended 31st December, 1925, are before you, and, with your permission, I will take them as read.........
"
As it has been decided that the finan cial period shall end on 31st December each year, the accounts before you show the result of the working during the six months, July-December, 1925. The net profits of 8109,404.51, after allowing for the full depreciation on the plant and properties, a bonus to the inden- tured staff and half of the preliminary expenses written off, is, I feel sure you will agree, a satisfactory result."
The period under review has been a most difficult one owing to the local political trouble, but in spite of the difficulties the telephone service was maintained without interruption. The staff, augmented by certain ladies who volunteered their services, cheerfully car ried out long hours of duty. and under took unaccustomed. manual work, and I new express the Company's appreciation to them, and to the ladies who se kindly assisted the staff, of the services, so readily given during the worst period of the troubic.
The business of the China and Japan Telephone and Electric Co., Ltd., was taken over by us on 1st July," 1925, and all of our obligations under this head The London Com- have since been met. pany has now no interest in the business other than that of an ordinary share- holder.
tay.
Ju bay. ..$35 nom. 340 nom.
$66 nom.
.90/3 buy.
$15 buy
250 nom
as buy.
*39 nom.
$1 nom
Th bay.
Ti 11
buy Tie, 3 pol. The 7∙nom 44. T
35 Day
55/-bay. ..8/-now..
131 buy, 132 88.
So buy.
T. 170 buy.
Ti'5 bay.
Tis. 28 bus.
$91 bay, 91 12.
Jot bay.
1st buy.
$120 tal
Tis. 9.40 bay, dz sa. z. djv.
New Engineering. Shanghai Docks.... H.K.&. Hotels. Hongkong
Lands Hongkong Realtys (3.p.). H.K. Territorial (f.p.j.. Humphreys Estates..... Frince's
e's Building Baral Lands Ewo Cotton Orientalis ......... Shanghai Cottons (old)
Do.. (new)......Tia. 2 buy. Amusements sansetaOUN $ill buy. Canton icee Cementa (combined)..
Do. Do.
**
(old)........
China Buses China Laghts (combined)......
(LOW)
Do.
110.
China Provident's Constructiona Dairy Farms......... De A Wing (f.p.) Hongkong Beatrice Macic Lectrics H.K. Developments H.K. Hopes (combined)
Do.
(old)... Do. (DOW)... Hongkong Telephones.. Hongkong Tramways Lane Crawforde.. Mackintosha. Peak Trams (old)
..37 nom.
Tls..ngEL
154 buy.
1926
UEEN
Qu
SUPER
TO-DAY & TO-MORROW.
LATEST TOPICAL NEWS.
MARGUERITE de la MOTTE
LLOYD HUGHES AND FRANK KEENAN
IN
“SCARS OF JEALOUSY
A THOMAS H. INCE SUPER SPECIAL.
WANDA WILEY
IN
WINNING FAIR.”
THE STAR
TO-DAY & TO-MORROW AMIE MAYNARD and HER ROYAL HAWAIIANS.
GASTON GLASS in THE SONG
OF LIFE
THE WORLD
TO-DAY
Ar 15 ASD 9.15 ONLY.
MILDRED HARRIS-
"THE FOG."
INVESTMENTS.
Steamboats Watacts
"
7+ BOL
..$15 nom.
$15; bay.
$3 buy
la. 101 bay.
$21) buy,, £li na.
WE BUY
$15 Day
..312) Bel
18 nom.
.43 nom.
Hong Banks P.&O. Banks Hong Amusements Union Itaurances Malakofs
Ferries
New Cementa
Electrics
$10 nom.
. вода.
W cla, bois,
ACT"
530 Bal.
$114 nom.
Soi LCM. $3$ buy.
$101
bay.
nom.
buy,
(new) (op.)
buy.
$11 GOL
H
sel.
$20 nom.
Do. Bincores Unized Abertos Watsons (oid)
Da. (now)
W. Powells in
...il sol.
$10 noxa. ..$9 sol. Ringapore Tractions
buy-buyers; sol-gellars; eales ;
"
nem.---ominai.
HONGKONG YARN MARKET. Messrs. Polishwalla & Kotwall, cotton latest report say:
*WE SELL:--
Cementa combined Malaka Pindaa
Lane, Crawforda
Trama
1. Constructions
No Lot Too Small No Lot Too Large.
Developments Тахія
Lunas
Bauba
Jerams
HONGKONG SMALL INVESTORS SHARE & REAL STATE CO.“
10. Des Voeur, Boad.
Tai, 4830.
RUBBER IN INDO-CHINA. CULTIVATION RAPIDLY
DEVELOPED.
The Acting British Consul-General at Saigon has forwarded to the Department of Overseas Trade some notes on the cultivation of rubber in Cochinchina (French Indo-China), which was intro- duced in 1897 by & private individua named Raoul. He brought with him 2,000 plants from the Federated Malay States which were distributed between the Botanical Gardens at Saigon, the Pasteur Lostitate at Nhatrangvin Annem, and a number of French planters in Cochinchina. It was not until 1904 that red lands were discovered, the existence and fertility of the "terres rouges,' Cochinchina, the Société Agricole du existence. Suzannah, was brought into quickly followed by several others.
Situate at TAUMATI in the Dependency untimely death of the late Sir George and yarn brokers, of Hongkong in their and in 1907 the Brat rubber company in
of Kowloon and Colony of HONGKONG and Registered at the LAND OFFICE & KOWLOON INLAND LOT No. 235 (Site of No. 572, CASTON ROAD)Mogether and with the MenuAKE OF other Erections and Buildings thereon in Course of Construction.
IN TWO LOTS
DY
AT
Ma. E. V. M. R. Ez SOUSA, Auctioneer, THE CHINA AUCTION ROOMS, No. 4, DEDDELL STREET, HONGKONG, THURSDAY, THE 25TH DAT OF MARCH,
Ox
1926, AT 3.0'CLOCK PM,
ALL THOSE Pieces or Parcels of Ground. situste at FUK T8UN HEUNG in the Dependency of Kowloon and Colony Of HONGKONG sad respectively Registered at the LAND OFFICE & SECTIONS & AND B AND THE REMAINING POR TION OF KOWLOON INLAND LOT No. 1115, Together with the Messages or Tazements and other Erections and Buildings thercon respectively new known as Nos 1, 2, 3 AND 4, NEWCHWANG STREET;
LOT NO. 4 ALL THAT Piece or Farcel of. Ground situate At SHAMSHUIPO in the Dependency of KowLoox sad Colony of HomeLONG and Registered at the LAND Dated the 10th day of March. 1920. OFFICE AS SECTION A or NEW KOW.
For further Farticulare and Conditions of Sale, Apply to--
LOON INLAND LOT No. 189, Together with the Measnags or Tenement and other Erections and Buildings thereun now known sa No. 11, KI LUNG STREET.
IN FOUR LOTS
BY
14
Ma, E. V. M. E. oz SOUSA, Anctionser, THE ORINA AUCTION BOOME, No. 4, DUDDALL STREET, HONGKONG, FRIDAY, THE 20TH DAY OF MARCH, 1926, AT 3'CLOCK FIL
он
For further Particulars and Conditions of
Bale, Apply to
Mass, GEO. K. HALL BRUTTON & 00., Mortgagees' Solicitors,
OA TO--
Bt. George's Building, Chater Road, Ha, E. V. M. R. DE SOUHA, Auctioneer.
No. 4. Daddell Street.
Dated the 12th day of March, 1925.
TO LET.
[3303
Mzsens, GEO. K. HALL BRUTTON, & CO., "Mortgagee's Solicitors,
DEL TO
St. George's Building, Chater Road, MB. E. V. M. R. 51 SOUSA. Auctioneer, No. 4, Duddell Street
THERE'S A LONG, LONG TRAIL
of
Bugs, Fless, Flies, Beetles,
Mosquitoes. etc.,
oll killed by
[3297.
KEATING'S
IF
I am sure you regret with me the Gibb who took such an important part
The condition of the Yarn Market con- in the negotiations which finally led
tinues in the same depressed state as it to the formation of this company.
As regards the future, you are already has been for some time past, and so long aware that Mr. Weightman, a distin- as the political situation in the interior shows no improvement or abatement, we guished telephone expert of international repute selected by the Crown Agents, can see no hope of any improvement in the near future. There has been a steady at our request, to report and advise on the present system in use here, arrived fall in prices since we last issued our in December and went thoroughly into report, aggravated by the steady dechipe What makes the the question. His report is now under of American cotton. consideration and action will be taken position still worse is the fact that over- As soon as possible to improve the serdue contracts show quite heavy losses on vice. Whatever may eventually be dethe present level of values.
Bombay market also prices decline to Total sales are gestion amongst telephone manufacturers considerable extent. cided upon, however, owing to the con- the world over, it must take the best part hardly 800 bales all told. Unsold stock of two years from the date the order 1,000 bales. Bargain in Chinese bands for the new installation is placed be- 4,000 bales.. fore it can be in work here.
Meanwhile your Directors are earnest ly considering what measures can be taken to relieve the congested conditions in the main exchange. When we are in a position to supply additional lines we can look forward to a rapid development of qur business. There is already a healthy demand which is certain to in- crease as conditions here become more normal.
Shanghai-Small business has been re- Japanese Yara-Prices are also lower ported at lower prices. under this bead with poor sales.
Raw Cotton. No stock.
+
EXCHANGE RATES.
(125
BRITISH WIRELESS SERVICE]
RIGBY, March 13th.
To-day's exchange rates are as follow:
Paria Brussels
Amsterdain
Copenhagen Barlin Vienna Helsingfors Lisbon Buenos Aires Shanghai Yokohama
New York
Geneva
Milan
Stockholm
Oslo....... Prague Madrid
Rio
Bombay Hongkong
Silver (spot) Silver (forward)
133.07
107.2
12,475
18.05
20.49
34.6
103
21
41
3/0
1/10.5/16
4.88)
25.25
121
15.12
92.25
164
31.45
7.36
1/0.7/74
2/31
30.5/38
301
The cultivation of rubber developed so cat des Planteurs du Caoutchouc de rapidly that, at the end of 1917 the Syndi 'Indochine estimated the area under rubber at more than 50,000 acres and the number of trees planted 8,000,000. The capital engaged was 40 million francs. The most recent statistics, those of 1922, give the following figures:-Area plant- field, 4,400,000. The province of ThuFINANCE FOR FILIPINO RUBBER. ed, 15,000 acres; trees, 8,000,000; trees in daumet alone contains 3,650,000 trees, of which 3,000,000 are tapped.
HELP ON LARGE SCALE FOR
SMALL PLANTATIONS.
The export of rubber has risen from 37 tons in 1908 to 5,000 tons in 1923, not- withstanding that it was only in 1915 that
Mr. Harvey Firestone, jnr., intimated. attention was paid to the serious culti vation of rubber for export. The yield of after his return to Manila from a two he bad reached an agreement with Fili. latex in 10 to 12-year plantations is 300 weeks investigation in Mindanao that lbs. per acre,
The methods of cultivation were natu- pinos where he would finance on a large rally at first taken from the neighbouring scale small rubber plantations that are
This will involve rubber-growing countries of the Malay native-owned. States and the Dutch East Indies... The changes in the land law and is believed trees are, however, spaced at 22 ft., and to constitute a satisfactory compromise. even at 33 It, in every direction with large Mr. Firestone did not indicate the amount avenues for acration. This permits inter- he will invest.
as rice; maize, calary cultures, auch ground-huts, and, on the larger planta- tions, coffee, tea, and sugar-cane, until the trees are productive, and afterwarda.
Up to 1918 the trees were tapped daily. I now move that the report of the oply of this company, but of other com After that year, once in three, four or daily tapping exhausted the trees and Directors, with the audited statement of panics as well, do not take more in even seven days, as it was noticed that terest in their own financial affaire.
Mr. George N. Barnes points out in a future of rubber in Indo-China seems to letter to The Times on the subject of accounts and balance sheet for the period They are content to read the reports of prevented the rapid renewal of bark. The from 24th June, 1925 (the date of in meetings as published in the papers and corporation of the Company) to 31st then argue as to what should, or should be bright; 6,000 tons in the present an hours of labour that Asiatic countries December, 1925, presented to the meet-ut, be done. It does not give other nual production and when all the trees have a good cause of complaint against. ing, be and the same are hereby received, shareholders a fair chance. This meet planted are tapped it is estimated that European Governmenta. approved and adopted; that a dividend ing, is practically a meeting of directhis figure will rise to 10,000 tons.
A SHAREHOLDER'S DISCUST. After the CHAIRMAN had announced that the business of the meeting was
Before moving the adoption of the re port of the directors with the audited statement of accounts it is necessary, to over, fulfil the conditions of the Companies Mr. MCNEILL said: I am surprised Ordinance, that I should read the that the shareholders in Hongkong, not auditor's statement.
for six months to 31st December, 1925, tors, for there are only four shareholders'
at the rate of 8% per annum. on the present. I don't think shareholders, not capital paid up at December 31st, name
ly 31,625,000 be paid; that the sum of only in this Company, but also in other
825,000 be appropriated to Reserve Accompanies, should leave their affairs in FAR EAST AND LANCASHIRE. the hands of the directors and then count and the sum of 817,404,51 be car
afterwards 'chow the rag
ried forward to the next account. I disgusted. shall be obliged if a abareholder present will kindly second this motion.
MADE
A bailiff has been put in charge of 4-BOOMED FLAT in CARNARVON Pippingford Park, the stately home of Hayley Morriss, who is now under- BUILDINGS, KOWLOON.
going imprisonment for offences against Apply to- HUMPHREYS ESTATE & FINANCE young girls. The bailiff will look after the estate, and carry out work originally CO., LTD., 3230)
Alexandra Building. begun by Morries.
I am
ASIA AND THE HOURS CONVENTION.
The Washing-
ton Convention was," he says, "care- fully drawn up on the basis of ascertained equivalents in the cost of production so ments as to relative officiency of labour. far as such could be ascertained by state-
In a letter to the London Morning I say that with some assurance, because Post, Mr. Edw. F. Mackay, late chair. I was chairman of the special committee man of the British Chamber of Com at Washington which went closely into The Hon. Mr. P. H. HOLYGAK, reply merce in Shanghai, asks if it is realised it. And, while Europe has done nothing The Hon. Mr. H. W. BIED seconded ring, said it was rather irregular, but in this country that Hongkong and to ratify the convention, the Asiatic the directors sympathised with Mr. China are Lancashire's second best countries have gone a long way in that the adoption of the report and accounts MCNEILL in his views. He felt sure that customer, and that no market" means direction. India has gone all the way,
"Whatever. "competition there may be company welcomed much unemployment in the Lancashire directors of any criticism which was fair and which was mills? The Chancellor of the Exchequer against Europe on the part of the Asiatic constructive and not destructive. The
large sums are contributed to the Ex-fore the Washington Convention was directors would welcome helpful criticism should also bear in mind, he says, that countries, it is certainly less now than be- in preference to having shareholders chequer by British merchant firms in drawn. And I might add my conviction, China, whose head offices are located in based or observation during last year, whispering behind their backs.
this country. He will receive but small that the competition with which we in and for 1928 if matters are allowed to closer at home-is, in fact, just across the contributions from China firms for 1925, this country are contending is much
North Sen." drift as at present.
and the motion was carried unanimously. The Hon. Mr. BIED proposed and Mr. MCNEILL seconded the re-election of the Hon. Dr. R. H. Kotewall and Mr. J. Scott Haraton as directors for the en- suing year.
Mesars. Lowe, Bingham and Matthewn were re-elected auditors at a remunera tion of $2,400 on the proposition of Mr. McNEILL, seconded by Mr. WALKER
(Oontinued on nest column.)
M MONELL-Yes, if they would only come here and day what they have to say it would be much nicer.' The CHAIRMAN:-Hear, hear.