Page
THE WORLD RENOWNED COCKTAIL
BACARDI
AND ITS MANY USES.
BACARDI RICKEY
"Wine-glass of Bucardi
Juice of ballo Lame
Dad lump of ice
Serve in high-ball ginas
Add Sparkling Water.
BACARDI GROG
Ona quart of Bacardi
One pound of Sugar
One quart of Formosa Oolong Tes
Use the grog, adding equal
Part of very hot water
Serve with slices of lemon
Dissolve sugar in hot water,
2
AGENTS:
BACARDI HIGHBALL Place a piece of ico in glass One glass of Bacardi
Fill glass with Sparkling Water.
of sugar
THE HONG KONG DAILY PRESS, WEDNESDAY, APRIL 25th, 1928.
BACARDI MILK PUN CHI One glass hot Milk One tablespoonfal A panch of nutmeg The yolk of an egg A glas of Bacares
Beat up thoroughly the yolk of the
Egg with the augar Add milk Bacardi and nutmeg Mix it thoroughly
A delicious punch and a splendid
berorage for Colds
GANDE, PRICE & CO., LTD., Wine and Spirit Merchants.
St. George's Buildings, No. 2, lce House Street, Tel C. 135.
HONG KONG.
་
GREEN ISLAND CEMENT CO., LTD.
Best Portland Cement.
SHEWAN, TOMES & CO.
GENERAL MANAGERS,
HONGKONG.
Fragrant. as fresh flowers
The delicate perfume of
"HAZELINE' SNOW"
“HAZELINE
{Trade Mark)
ROSE FROST”
when a touch of colour is needed
5956
(Trade Mark)
is the first appeal to the woman of taste. Its magic effect in improving the
com-
plexion makes her regular user.
doth in vimas pata¬~Aŭf Chamlite and, Stores"
BURROUGHS WELLCOME & CO. (PROMOTORE THE WELLDOWN Foundation kike kendon, KAN)
LONDON AND SHANGHAI
COMPREHENSIVE AND COM.
+
PLETE REPORT
All Rights Reserved
INSURE
YOUR
BAGGAGE
of the
WITH
NEWS OF THE FAR EAST
is given in the
HONG KONG WEEKLY PRESS,"
with which is incorporated
"THE CHINA OVERLAND
TRADE REPORT,"
30 Cents per Copy.
Subscription, paid in advanc6—— per annum for delivery in Hong Keng-13; including Postage to any part of the world---#15.
CHINA SUGAR REFIN-
ING COMPANY.
$2,723,083.74 DEBIT.
Java "Sugar.
We have experienced very severe competition. trom- the Japanese refineries during the year and the increasing quantities of Java white sugar which are being imported into China is another very serious SEVERE COMPETITION FROM factor contributing to the low prices
JAPAN AND JAVA...
CHAIRMAN'S REVIEW OF LAST YEAR'S HANDICAPS,
CHARTERED BANK.
TRADE IN THE FAR EAST.
CHAIRMAN'S REVIEW OF
CONDITIONS..
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
ROZI,
Apaiz Zira, 1938, B.K. Bank
81,300 min, Do.,
London...e11 nom." Chartered Bank... buy. Reference has already been made Mercantile Bank A. B... ESSI Dom. obtainable for our refined proflucts.
to the annual meeting of the Chat P. & O. Hank
Do..
O...e14f buy. I may mention that the importa tered Bank of India, Australia, and Eat Aria Bank, tion to China of Java white or un-China held at the bank's premises, Canton Insurance by buy refined, sugar has increased from
Insurance ...S.Uby Bishopsgate, London, "on
Marchan 30,779 picule during 1980 to 2,261,038th. The full report of the pro-angtare Insurance H7 bay.
Uhina los. Marth In the absence of the Chairman, piculs during 1920, and althouga | ceedings has now come to hand by China Fire Insurancs....$215 nom.
China Underwriters......12 bay.
mail:
Kong Fire Ins.......$750 buy. In his general review of the year H. Steamboats buy, 291 aol.
Chairman, Sir
Montague HK Tag
Mr. D. G. M. Bernard who recently left for London, Mr. B. D. F. Beith presided at the Aftieth annual meet ing of the China Sugar Refining Company, Limited, held yesterday morning at the office of Messrs. Jarding, Matheson & Co., Ltd, the Company's general agents.
Banguets
Tie i nom
********7* buy.
nom..
bay.
bay.
4
the Customs, figures for 1997 are not yet available we are given to understand that they will be higher the than in 1993. In 1923 the imports Cornish Turner, said: The less Indo-Chinas (Prof.) 137 bay. teached the high water mark of
favourable results. as compared Shell Trasporta
(De) 3,234,383 piculs.
with previous years, disclosed in Waterboat..............20) World Demand For White Sugar. our report and statement of "se
Our Landen friends wrote us recounts refect the unfavourable con Langkate(commed)...... Ths. 13g nom.
Atau blining Ad... cently regarding the production of ditions with which we have had to
Do (single)........... „Tia. Cà nom. contend during the year 1997. We Shanghai Loans Th
Shal Exploration... 11. 265 Hom... A debit of $9,723.081.74 which white sugars as follows:-
**** 430 am. etands in the Prost and Loss Unfortunately, as you know, have experienced a waat of real Kaup Account was explained as being the tendency in the whole world is vitality and push in trade in cerro e Tronoh Mines
.17/6 под due to increased prices of to try to produce white sugar, if taia directions, making it difficult B.K. & W. Dooks....... 3 buy sugar; the disturbed state of the possible, for direct consumption, to work on remunerative lines, with China Providents.. $5,64 buy. 6.90 sel.
Hongkows
TI 10s bay. Yangtze Valley and North China and such. tendency can only be the result that we have been un. How gingering. Pla: 200
480 nom which necessitated the closing down checked by making the importation able to maintain the high level of Shanghai Docks. The of the Refining during the whole of such sugars into consuming coun profits to which we have grown Orientals Coltous Tla. 1.90
Ewq, Cotions
********Th. By bay.
buy. of February and November and tries more difficult..
accustomed in the pait. It must S'hai, Cottons (eld) ...... Tla, só nom. part of June last year; and the
also be recognised that competition
(now)......TI 29 now. Hotels9_14 Exchange severe competition from Japanese
Banking
HK Lands retinerica
grows wider and keener every year, Shanghai Lands. T. 140 boys? resulting in sharp competition for HK Renities.....
Humphreys Katates......31 nom.
„$51'bay,,öş sal. E.K. Tramways 5.d) com Peak Trame (old) ......$13) bay.
legg
on
TAW
"You will notice that hardly say of the white sugars made. can go into the United States; not even from their own colonies countries with which they have Reciprocity Treaties.
or from
CHAIRMAN'S SPEECH. The Chairman moving the adop tion of the report and accounts "The same thing may be said said: The statement of accounts of Canada and of course of some submitted to you shows
net of the large producing countries in the year's working of Europe where importe of white $1,189,295.00 after providing for sugare are only permissible under depreciation on the usual scale, quite exceptional circumstances. payment of interces and all other
"Java is therefore practically charges.
limited to British India, China and the East in general for the market- ing of its white angan.
The balance at debit of Profit and Loss Account thus stands at $2,720,083.74 after bringing forward the debit of $1,533,700.05 from the previous year.
in Eastern
H.X.
مكتبات
201
Bo. (new)........#8# bay. Btar #arries BIL. Uhiba Light(comb.)................, $13 buy,
(old) $18,20 mai.
$71 buy, den.
Da. Dai (RAW)......
y pasang business and in the acceptance of rates which show | very meagre profts. Differences in exchange are now reckoned by sixty-fourths or even worse, as com. Pared with the fair and reasonable differences which prevailed in hap-K. Mlectrics pier days. This is especially the Macao Blectrica .......... 28)num. case in India and Burmah, where Telephono we certainly enjoy a good share of
China Buser current bustness, thanks the Singapore Tractions. continued expport of maby
Clume Sugars friends, who can rely on our giving
Malabon Bugari them the best rates ruling at the Cements (combinat)....10.40 mal, time.
China.
10
OKI
uton Icon
..$4.70 nom.
'le. 74 bay.
.11/9 nom,
35.5 38.
„24) zom.
Du, (old) ...........lu nom Da, (new) ......13 sel.
Watsons
"On the whole those white Javaa will remain a danger to refiners in the East, especially in a country extremely dificult to judge what
As regards China generally, it is HK. Roper (old)
Do. (Dow) like China where the masses do are the actual conditions. They United Asbestos not seem to discriminate so much are certainly no worse than they Dairy Farm
were twelve months ago, and they between qualities as they do seem to be a little better, but the Europe."
deadly canker of civil war still Lane Crawfords,. Mackintosha....... exists, with dire results to trade and industry. We read of atroci ties committed by the Communist bodies scattered about the country. These reports may be exaggerated,
Dat
A Wing
4 buy.
53
·8-21 al.
314
"buy
...0.00 xxx.
bay.
જાણે પ
10 bay.
$3 e
I very much regret, having to put before you such a poor result of the year's working, which, as will |be explained, later, is due entirely.
At the present time we could not to causes beyond the control of
purchase raw sugar and sell the your General Agents. regrettable in view of the fact that refined products at current prices this is the 50th annual. Reperat China without incurring a heavy but in any case the masses of the B.K. Gavt Loans...... 10% prem, a
It is more
meeting of the Company and it) may be of interest to you to know that over this Fong period the aver- age annual return to shareholders has been elightly below 11 per cent
Our stocks of raw suger and our forward purchases were much below replacing cost at the beginning of
loss.
Informal Meeting Of Shareholders
To, Be Held.
As you are already aware, the advances from the Company's Bankers and your General Agents at December 31st amounted to such s sum that neither of them is pre- pared to make further advances to
people suder unfold misery and will continue to suffer so long as civil
war continues.
would seem to be better, especially Certainly in the South conditions in the relations between Hong Kong and Canton, where the Moscow- fluence seus to have diminished think we can say that the tendency. to a very appreciable extent. I both in the North and South, is to the year, but early in January the Company. Your General Agents adopt a conciliatory attitude to- prices of rawa began to sag and and Consulting Committee, after hostile anti-British feeling which wards Great Britain in place of the continual decline thoroughly reviewing the situation, prevailed last year. The difficul
there was throughout the year.
In January the laid down oost of raws at the Refinery was ap- proximately $12.per picul, in Febru- ary it was slightly below $10 and there was a gradual fall until at/And will be submitted to you at a trade is feasible at all,
the end of the year the cost was down to $3.
year, the
decided to appoint an informal ties of transit up-coustry and "the special committee of shareholders enormous impositions that to enquire into the Company's levied on goods before they reach position and prepare a report for their destination have naturally re- submission to shareholders."
flected on the import trade, both through Canton and in North China. The only marvel is that
This report has been prepared
informal meeting to be held. Im- mediately after this meeting.
CONSULTING COMMITTEE
ELECTIONS."
Hincarea
品嚐
Wm. Fawells
HA
Amusements $29sel. K. Constructions. nom. B'que.Indus, G.$Bonds...82% bay,
buy-buyers; sol-sellers;
nam.brital
EXCHANGE RATES.
(BRITISH WIRELESS" SERVICE.)
Ruary, April 23rd.
194
Päris New York Brussels
FENG'S MOSCOW ADVISERS.
SAID TO NUMBER 199
INDIAN MALCONTENTS WITH KUOMINCHUN..
con.
PEING, April 18th. In the course el an informal versation with one of the leading Feagtien officials in Peking a North China Daily News correspondent was informed some days ago that Feng Yu Htill had with, him 198 foreign mi men of sil ranks as advisers,s and drill masters, together witin unknowa number of political agents supplied by Soviet Russia.
This information was not given as an estimate but as the accurate result of serious intelligence work; but, while no one here believes that Feng Yu Hsiang has completely severed his connections with the Soviet and there is no doubt that Soviet agenta still have some in- fuince in Kuominchun territory, the local foreign attitude is that, if there were so many Soviet mili tary men actively, helping Feng, there would be much more informa tion about them available. As it happens, astonishingly. little known here about conditions in Henan, Shensi and Kansu and al most the whole of the reliable in- formation about continued Com- munist interest in Feng's territories comes from the Red Russian press.
?
Indian Radicals Sanctuary. From other sources it is definitely known, however, that a number of Indian radicals have found sanctu ary and a working base in the Kuo- minchua camp. There seems little reason to believe that there worthies are used by Feng in any capacity, ・ ・ They are agents seat out by radical organizations in India to keep in touch with Communiam in China and to find or manufacture evidenco. against British Imperialiam in the Far East which, when reported te the home societies, will inspire fresh indignation and enthusiasm in native circles. Nearly all are re- fugees from police tyranny" in Shanghai who keep in touch with the outside world through agents in Shanghai who imagine that their activities are not yet open to suspicion
THE TYPEWRITER
THAT İNTERESTED
HM
THE KING.
It is now a matter of in-
terest to all users of
Typewriters to know
that this Machine
can be obtained
in Hong Kong.
4.88.17/32
34.90
Geneva Amsterdam
25,33
な
12.111
Milan Berlin
19.15
-20.49
Stockholm
18.18
Bra
Copenhagen
18.20
Oslo
18.23
Vienna Prague Helsingfors Madrid
34.805
1641
THE
16
194
29.12.
372
Bucharest ...
7904
Bio
5.53/B4
Buenos Aires
47.13/18 1/5.31/32 1/11.13/32
2/02 2/0 90.7/16 26.5/18
Lisbon Athens
...Bombay
Yokohama
Shanghai Hong Kong Bilver (spot) Silver (forward)
The Japanese Crisis."
Latest Reports From Shanghai. I do not think there is anything
Our latest reports from Shanghai further that calla for comment and indicate that better business has Prices of Java browns fell gradu- I now beg to propose the adoption recently been done both in imports ally during the
ex of the report and accounts as pre- and exports. At the same time we Godown Java quotations being sented, and when this has been hear that robberies and kidnapping Guilders 13 in January and reached seconded I shall be pleased to have become so frequent that the their lowest point in December, newer to the best of my ability business section of the Chinese are any question which shareholders afraid to go about their affairs. Į ie., Guilders 8.65.
think we may feel assured that no may wish to ask.
opportunity will be neglected by Our average cost of rawe waA
our Government to regain the good- much below replacing cost up to
will and co-operation of our old In Japan the effects of the finan the middle of July, and even under
friends, the Chinese, to make trade cial crisis early last year, when cer- On the proposition of Mr. W. feasible and the country. more tain banks had to go into liquida- these circumstances our refined Seaton-Winton, seconded by Mr. settled than it is at present. tion, are still felt, and she has to product could not be sold in China | Frank Austin," the appointments of "A" striking result of the continu-face the fact of a surplus of im- to show a profit but owing to the Mr. C. Gordon Mackie and Mr. A.ance of civil warfare has been the ports of 185 milion yen over her gradual decline, during the remain-mittee were confirmed.
11. Compton to the Consulting Com-steady stream of migration during export business, but, as I mention- the past four years of the country-ed elsewhere, Japan is fully alive der of the year, the cost of our Mr. R. Sutherland proposed and folk-chielly agriculturise from the to the fact that her export business purchases was above the replacing Mr. Ho Leung seconded that the disturbed districts in North Chins must be increased to keep pace re-election of the following gentle to South Manchuria, where peace with the demands of a population men to the Consulting Committee: fal employment is offering. In this which shows an annual increase of Our sales in the Yangtze Valley Messrs. B. D. FBaith (Chairman), way the population of Chinese about one milson, and it is only by and the North generally have been II. P. White. C. G. 8. Mackie, Hettled down in Manchuria, chiefly an increase in her industrial-output Turner, A. H. Compton, Sir Robert on the line of the Chinese Eastern that the position can be met. The seriously affected during the year Ho Tung and Mr. E. B. Clarke Railway, has increased by two unrest in Chins must be a severe by the hostilities and political chaos (Secretary).
handicap to Japan's tride' with (Continued on next Column.). existing and the consequent lack
that country.
GILMAN'S S
POLICY.
[106
Re-election Of Auditors, "OCEAN" COMPREHENSIVE of transportation facilities both by Messa. Love, Bingham & Mat- rail and water, together with the thews and Mesars. Percy Smith, heavy taxes levied by the various auditors to the Company on the Seth & Fleming were re-elected
military factions and lack of credit proposition of Mr. A. Burkett, facilities, and owing to accumula reconded by Mr. P. M. Hodgson. tion of our stocks we were .com. Supporting Mr. Beith wore Mesars H. P. White, A. H. Comp- polled to close down the Refinery ton, C. Gordon, Mackie, Sir Robert during the whole of February and Hu Tung (members of the "Comult- November and part of June. Our ing Committee), and Mr. E. B.
Clarke (Secretary),., total melt of raw sugar daring the year was 403,000 piculs as compared with 662,400: picule in 1988.
MARTIN'S
PILLS
APIOL & STEEL Sureand certain for all Female complaints. Every lady should keeps box in the house.
Chemists and Stores sell them throughout the world.
& Profriator: Ca MARTIR, Chandik, Southington, England,"
present: Metera A. A. Alves, H. The following shareholders were
Burkett, Chogo Min, FAM. This, as you will readily under David, F. M. Ell F. M. P. de Courtney, Chao Ed Bien, AJ.
stand, increased our cost of pro- Graca, J. F. Gróak, Joseph" Gould, dúction materially. All our raw Ho Leung, P. Hodgson, E.-D. augar has been melted and the Niseim, A. M. da Silva, H. Kotwall, Lee Hysan, H. Middleton, Refinery is closed down. We have Sutherland and B. L. Seaton- no forward commitments of rawa. Winton."
millions.
· IMPERIAL ''
TYPEWRITER
Machine
that embodies all the latest improvements, and it is not only botter
but also cheaper than other
Typewriters of Foreign Make.
Demonstrations will be given at any time at the
Bole Agents:
T. E. GRIFFITH, LTD.
-6, Queen's: Ed. Central. Tel. 4. 3517
FROM THE MINUTE
FRIGIDAIRE
IS INSTALLED IN YOUR HOME, YOU CAN FORGET ABOUT REFRIGERATION.
SOLE DISTRIBUTORS ‘FOR HONG KONG AND SOUTH CHINA:
[AMB,1]
PHONE 0. 1030. DODWELL & CO., LTD. ENGINEERING DEPT.