Unpaid dividend
Profit brought forwarded
from last account......$ 200.2.
Profit, for the half-year
to 30th June, 1888...... 11,453.70
170,50
THE HONGKONG TELEGRAPH, MONDAY, AUGUST 27, 1888.
or a panic, due partly to unwise action of the management, and partly to the malevolent gossip of outsiders.
has to do is to provide interest on the money borrowed. In this way the lending public get n good investment, and the bank is enabled to A movement on the part of shareholders had ply its capital to the purpose for which it was led to a considerable reduction in the working originally intended. Another feature is the issue 23,454 62 expenses of the bank, and some of its late of share warrants to bearer. In the case of an employés did not hesitate to spread damaging institution like the New Oriental Bank, carrying on business at many distant points, and deter $564,53690 reports.respecting its position. As long ago as
1879 there was reason to suppose that a delibe-mited to enlist the support of weak rate attempt was being made in Londen to wreck the plan is obviously a very desirab proprietors the bank, Agra & Masterman's had been dvantage of share warrants is, of course, that brought to the ground by sheer malevolence, they can be transferred by mere delivery that is working on the public mind at a period of great to say, they pass from hand to hand, stamp duty
having
been paid at the outset, and the coupon financial anxiety, and the Oriental had to reckon 272.50
with a similar conspiracy.
can be cashed in any part of the world the 1,150 00
And 6.50
moment the dividend has been declared.
1,300.00 2,391 $1
PROFIT AND LOSS ACCOUNT, FOR THE 6 MONTIIS TO 30TH JUNE, 1888.
I
To taxes.....
To fire insurance
To directors and auditors
To charges account..................................
To salaries.
To interest.
To extraordinary expenses→→→
On account of white ant
repairs .........................
$750.00
On account of iron work
+$
in original building.............. 500.00.
To balance
By nett earnings of hotel
By bonus and dividends from local
offices.
268.25
1,250.00 21,453.70
$18,031.46
$ 27,632,34
399.12 $28,031.46
unconsciously the bank played into the hands of its enemies. On the retirement of the general manager, the directors appointed the late Mr. Edwin Brett as his successor, and vested him with full discretionary powers and Authority, in the early exercise of which he ecommended the writing off of half the capital f the bank. A collapse in the value of shares towed. This was cabled all over the 'world within a few huurs. Confidence was shaken road as well as at home, not by crowding the and office with numbers of anxinus depositors, but by the pressure on the Eastern branches, which was provided for by drafts on their funds ising with the parent hank at adverse exchanges. then followed rapid withdrawals in London ind, unable, owing to the nature of its fiscal vestments, to provide for the heavy demands in its resources, and unsupported by any of its kindred institutions, the Oriental Bank Corpora-
on suspended payment.
Never was suspension less necessary. The THE NEW ORIENTAL BANK COR-Bank, with its powerful mercantile influence, its
PORATION (LIMITED.)
ssured and extensive constiturney, and valuable current business, was rapidly recovering financial The Oriental Bank was originally known as stability and, at the special meeting held a the Bank of Western India, which was started few weeks before the suspension, the chairman in Bombay in the year 1842, by Mr. W. W.ndulg din a confident hope that the bank would Cargill, as an unchartered and unlimited com-
safely emerge from its troubles. Had it been pany, expressly as a Bank of Exchange, thus
supported a home by kiddied stitutions; as it beginning what has since become the great ought to have been, the suspension, would never system of exchange banking in the East, and the model on which all existing banks of the same description have been formed.
Hongkong, 25th August, 1888.
The first directors were
Major General Sir Thomas Valiant, K. H. Thomas Robert Richmond, Esq. Alex. Campbell MacLean, Esq. Edmund Cobb Morgan, Esq. John Alexander Russell, Esq. Juggonath Sunkersett, Esq. Jejeebhoy, Dadabhoy, Esq. Wm. Walter Cargill, Esq.
Managing Director.
From the time of its foundation the Corport tion flourished as a bank of issue and of local deposits; but its great and most profitable busi- ness was that of exchange. In 1845, its name was changed to the Oriental, and the head office was transferred from Bombay to London.
So successful was the bank even at that early period that at the beginning of 1845 its shares were already at a premium of nearly 50 per cent, but the disastrous failure of the Union Bank of Calcutta, the effects of which resembled those which attended the failure of the Glasgow Bank, and ruined every one of its unfortunate shareholders, caused such a panic among share- holders in India in unlimited companies that all shares became for the time unsaleable. But the operations of the Oriental Bank were conducted with great prudence, and its business continued
prosper.
to
In 1849 the Oriental bought the charter of the Bank of Ceylon, and two years later it obtained from the British Crown an extension of its corpo- rate powers under the new title of "The Oriental Dank Corporation," with a capital of 300,cool, which constituted it a bank of issue in Ceylon and China, empowered it to carry on exchange, deposit, and remittance business anywhere to the cast of the Cape of Good Hope.
The Oriental now began to draw partly upan its own head office in Wallbrook, and rapidly to extend its agencies all over the East. In 1852 a branch was established in Mauritius, and agencies at Melbourne and Sydney; in 1853 and 1854 the capital was still further increased, it was ultimately raised to 1,500,000, and the reserve fund to 500,000l. For twenty years (1857-77) the Oriental may be said to have occupied a position of commanding strength. The solidity of its credit, the amplitude of its operations were unsurpassed by any other banking concern. Year after year it paid a dividend af 12 per cent. Its capital more than doubled in value, and at one time its shares of 75%, were worth yol. The prosperity of the bank was coeval with, and consequent upon, a vast expansion of trade, but, unfortunately, this led to commitments abroad which dangerously crippled the corporation.
First
In 1877 the shares of the bank stood at a premium of about cent. per cent, but in 1878 it began to be rumoured that it was in difficulties, and in 1879 the shares fell to r), but rose to par before the close of the year. It was a disas- trous speculation in Chilian bonds that gave the Istrious blow to the bank's credit. These bonds were sold by the bank in 1879 at the very mament at which their price was loweat, just after a nával defeat which Chili had sustained. The greater portion of the bank's reserve fund went to meet the losses sustained by these and other speculations in foreign securities..
Misfortunes seldom come alone, and the losses due to these unfortunate investments were followed a couple of years afterwards by an unlucky speculation in silver A monetary con ference had been called at Paris to devise means for restoring the value of silver. Mr. Goschen was present at it, and the bi-metallista were in good hope that the resolutions of the raceting would be in their favour. The delusion, as it proved to be, was shared by the directors of the Oriental Bank. They bought silver largely, and bands payable in silver coinage, with the result that they sustained fresh and heavy losses. It may be said that the directors were unwise in investing the moneys of the bank in South American securities, and speculating in silver, and though that cannot be denied, it is only fair to remember that shareholders, had been habituated to large diridends, and those dividends made the recipients exacting and inconsiderato. The appetite for large profits grows with feeding, and such profits more often than not mean great risks. Moreover, the bank was subjected to losses which the most careful management could not have avoided.
❘
The bank had made heavy advances in Ceylon and Mauritius, for which it was ultimately, forced for its own protection to take mortgages upon sugar and coffee property. At the time when advances first began these properties were of great value, but suddenly leaf-disease began to ravage the coffee plantations of Ceylon, and large estates, once regarded as mines of wealth, went out of cultivation. There was a kindred devastation in Mauritius, where the heavy fall in sugar added to the general distress: To avoid a catastrophe the bank was obliged to continue its advances in the hope that the disease might be eradicated and prices improve, expectations that were not realised.
tive occurred.
This support was not furthcoming, and the bank had to put up its shunters. The directors were obliged to place the affairs of the back in liquidation under the Court: As an unregistered mpany the corporation could not be wound up voluntarily, or under the supervision of the nurt, there being an express provision to that effect in the Companies Act of 1862. The quidation of the Court did not, of course, prevent scheme of arrangement being effected a little ister on for relieving the corporation as soon as
ssible from expenses and complications.. It was felt from the moment that the Oriental tapped that might be reconstructed, and within a very few days of its suspension Ms. R. T. Rohd who had held a high position in the Japan branch, and has since become an authority upon decimal coinage, telegraphed to the managers of all its brandlies throughout the East the basis of a scheme for creating a new bank which should take over the splendid con- rection, and utilise the trained stiff, of the old institution. The responses received convinced Mr. Rohde, and those who were acting with him, that sufficient capital to make a fair start could be set bred, and that there would be a lack of profitable banking business upon safer lines than those followed by the parent institution.
Ag tin, the directors opened a register for the purchase and sale of the bank's own shares without the intervention of the Stock Exchange. But the most striking departure from the practice of Eastern banks was the power taken to issue silver capital. One of the difficulties of the old tank was that its capital raised in gold, had to be sent to the East in silver, it was necessary o face a heavy loss in consequence of the dipreciation.of silver. The result was that all the Eastern branches had to write off a large. portion of their capital, not on account of losses on their own operations, but simply because silver had declined in value. To avoid such a contingency in future the new bank has raised -in addition to the gold capital, which amounts to 500,0 o--silver capital in rupees in India und dolluts in China. The money so raised is used in those countries, and the dividends it in focal currency, so that there is no occasion. in make allowance for a fall in the value of silver. The issue of silver capital during the
P
year has increased from 47.020/ to 57,00. The epit presented at the first half-yearly meeting amply, fulfilled Mr. Cargill's sanguine forecast made at the statutory meeting of the previous Navern..er. The net profits, after paying all establishment charges, amounted to considerably over 10 per cent, on the capital, but the directors wisely decided to write off the whol of preliminary expenses of 5,000, and even then they were able to pay a dividend mounting to 35 per share, or over 5 per cent per and, and to carry forward a substantial balance. Since then the progress of the bank as been steady and continuous, as will be seen from the following figures :-
Banking Dividend Paid
Assels. Free of Income Tax.
30 Sept., 1884 102,000 3 Oct, 184 741,00 3 Nov, 1884 1,087.000 Dec 1884 1.180.000 Jan., 1889 1,796,00 28 Feb., 1885 1992.000
31 March, 1885 2.383.x per cent, per annum 30 Jane, 1985 3.2:6,000 10 Sept., 1885, 3.Pools per cent. per annum 31 Dec, 1885, 4553,000
***
31 March, 15864.963,000 per cent. per annum 30 Sept., 188 5.483.000 per cent. per annum 31 March, 1887 6.231,0006 per cent per annum 30-Sept, 1877,102,0006 per cent. per annum Jt March, 18881. 8,177,0.06 per cent, per annum
The directors of this great bank are as below:
Mr. Christian Alhusen:
Majar-General Henry Beville C.C.
Mr. Lionel R. C. Boyle.
Mr. William W. Cargill.
.'
Mr. Andrew Macdonald. Sir Benjamin C. C.. Pins, K.C.M.G. Mr. Grant H. Ted-Heatly,
Seventy-seven days after the suspension of the Oriental Bank Corporation the prospectus of the New Oriental Bank Corporation was in the possession of the public at every place in which, the old bank formerly carried on its business." There had been loud complaints on the part of some individuals with a very slight conception
It will be noted that Mr. Cargill, the founder, of the difficulties to be overcome before
six and forty years ago, of the Oriental, who I construction was possible at the delay; but, in fect, it was not the delay that ought to have retired from the board of the institution over excited surprise, but the promptitude with which twenty years ago, when it was at its zenith, but who quickly came to front again when the bank arrangements had been made for reopening the
became involved in difficulties, is still upon the bank. The time was far from favourable, the
board of the New Oriental. Mr. A. J. Macdonald atitude of London capitalists unpromising, and
was a partner in Sir Charles Forbes & Co., and uncertainly attending the real position of the
was mainly instrumental in the resuscitation of former corporation threw a doubt upon the Then there were, in
the Bank of Bombay. Mr. Macdonald rendered prospects of the new. addition to the incessant labour involved, con-invaluable assistance to Mr. Cargill and Rohde siderable expenses to be faced in the form of in the reconstruction of the bank. Mr. Rohde telegrams, postage, advertising, office rental, himself is its inspector. copying, &c. But everything gave way before
the determination and enthusiasm of Mr. Rohde, and of Mr. A J. Macdonald, whose experience in the resuscitation of the new Bank of Rombay of great service in the formation of the New Oriental, of which he became one of the first directors.
W13
The capital of the bank was fixed at 2,000,000, with a first issue of 100,000 shares of tol, each, of which 50,qoo shates were reserved for issue in silver currency. The prospectus. intimated that the new bank would at first confine ita operations to the large ports at which the old bank always did a profitable business. "It will," said the prospectus, "be the especial care of the new bank to avoid the slightest departure from the rules of legitimate Sanking in its best- recognised principles, and to exercise the greatest caution and prudence in the employment of its resources." This undertaking has been steadily respected by the new corporation.
"The New Oriental Bank has branches at,
among other places, Aden, Bombay, Calcutta, Madras, Ceylon, Hongkong, Mahd, (Scy chelles), Mauritius, Melbourne, Shanghai, Singa- pore, Sydney, Teheran, Yokohama, Koké; and agencies at Galle, New York, Paris, San Fran cisco, Tamatave, and even at Vladivostock.
The 10% shares of the New Oriental were last quoted at foto 112
Co-day's Advertisements.
FOR SHANGHAI. HE Steamship
THE
"NINGPO," Captain F. Schulz, will be despatched for the above Port, TO-MORROW, the 28th instant, t
T.M., instead of as previously notified.
For Freight or Passage, apply to
1830
SIEMSSEN & Co.. Hongkong, 27th August, 1888, THE SCOTTISH ORIENTAL STEAMSHIP COMPANY, LIMITED.
FOR BANGKOK (DIRECT).
At the first statutory meeting, held in Novem4 ber, 184, Mr. Cargill, who was in the chair, and who, with Mr. Macdonald and Mr. Robde, may be said to be the founder of the new, as he was of the old, Oriental Bank, was able to speak in encouraging language of the outlook. At the dite of the meeting 31,300. shares had been allotted, with the prospect of applications for 5,000 more. This was but a small proportion of the first issue of 100,000 107 shares; but subscrip. THE Company's Steamship tions were still coming in, both at home and abroad, and it was wisely decided to commence operations at once. No attempt was made to Captain P. H. Loff, will be despatched for the conceal the fact that the new bank had uphill above Port, on THURSDAY, the 30th inst., at work before it, but the men who were at the PM.
For Freight or Passage, apply to helm were confident of success, and, as the
YUEN FAT HONG, result bas shown, not without CAUSC.
Agents, Hongkong, 27th August, 1888.
[835
FOR MANILA, VIA AMOY..
After explaining how much the new bank owed to the exertions of Mr. Rohde, Mr. Cargill went on to say that the delay in reconstitution had been advantageous, because, had it been. completed earlier, a large amount would have had to be found for assets, many of which might not, probably, have turned out satisfactorily, and the bank would have been without the aid of those deposits upon which the great assets were raised. The new business had been commenced on a more 'moderate scale than was at first thought of, the board having determined, as it were, to commence business de novo-not a speculative business, but a selection of a portion only of that of the old company, which seemed to offer advantages, and leaving out altogether the class of business which had brought distress and grief upon the shareholders of the old concern,
'DEVAWOŃGSE,"
THE Spanish Steamer
"DON JUAN," Captain R. Beltran, will be despatched as above on FRIDAY, the 31st instant, at 4 P..
For Freight or Passage, apply to
BRANDÃO & Co,
Agenti
(836 Hongkong, 27th August, 1888, HONGKONG AND WHAMPOA DOCK COMPANY, LIMITED.
NOTICE TO SHAREHOLDERS.
"HE DIVIDEND of 3 % or $3.75 per Share for the six months ended 30th June, 1888, declared at To-day's Ordinary Half-yearly Meeting, will be payable at the Premises of the HONGKONG AND SHANGHAI BANKING CORPO RATION on and after TUESDAY, the 28th inst.. and Shareholders are requested to apply for
Central, Hongkong. Warrants at the Company's Office No. 14, Prays
By Order of the Board of Director
If, instead of 300,000f, 3,000,000. had been subscribed, there might have been temptation 10 indulge in bold games, with the result that followed the coups of the old administration. The bank wanted nothing but credit. With that, and its connection, it had the nucleus of a valuable business, and there was not the least reason to doubt of its complète success-success At the meeting in October, 1883, the chairman that has since been attained. But, whilst caution sp ke very frankly on this subject. Our con was the keynote of the new management, the stituents"
in Ceylon and Mauritius directors had no intention of adhering slavishly he said♫ have left on our hands landed securities to ato fossilised youling, a large amount, on which we hay for some time The premises of the old ba that magnifi back taken no credit for profit and loss, for rent pile at the northeast extremity of Thread- Interest, and returns of any kind. We have, acdie Street, which forms part of the once- beaudes, written off from our profit and loss famous South Sea Housewera, bought by the account sums amounting to 255,000/ But the creation of debentures on the security of the Hongkong. hank might have weathered its difficulties, for it building, so that instead of locking up a portion way, always able to pay sor, in the pound, but of its capital fa bricks and mortar all the board |
D. GILLIES, Secretary.
Consignees.
OCCIDENTAL AND ORIENTAL STEAM. SHIP COMPANY.
NOTICE.
"BELGIC." CONSIGNEES of CARGO per Steamship The above Steamer having arrived, Consignees of Cargo are hereby, requested to send in their Bills of Lading for Countersignature, and to take framediate delivery of their Goods from along. side.
Cargo impeding the discharge of the Vessel will be landed and stored at Consigneca' risk and expense,
CHS. D. HARMAN,
Agent.
Hongkong, a5th August, 1888,"'"
12
THE CHINA SHIPPERS' MUTUAL STEAM NAVIGATION COMPANY, LIMITED:
NOTICE TO CONSIGNEES.
FROM LONDON AND SINGAPORE. THE Company's Steamship
MOYUNE" · having arrived from the above Ports, Consignees of Cargo are hereby informed that their Goods are being landed at their risk, into the Godowns, of the Hongkong and Kowloon Wharf and Godown Company, Kowloon, whence delivery may be obtained.
No Claims will be admitted after the Goods have left the Godawns, and all claims must be sent in to the Office of the Undersigned before NOON, on the jist inst, or they will not be recognized.
All broken, chafed, and damaged goods are to he left in the Godowns where they will be examined on the gist instani, at 4. P.M.
No Fire Insurance has been effecter, and any Goods remaining in the Godowns after the 31st inst., will be subject to rent.
Optional Cargo will be forwarded unless notice to the contrary be given before 3 P.M., TO-DAY.
Bills of Lading will be countersigned by
ARNHOLD, KARBERG & Co.
Agents.
[829 Hongkong, 25th August, 1888. CANADIAN PACIFIC STEAMSHIP CO.
NOTICE TO CONSIGNEES.
STEAMSHIP "PORT ADELAIDE," FROM SAN FRANCISCO, VANCOUVER, „YOKOHAMA, KOBE AND NAGASAKI.,
THE
HE above Steamer having arrived, Can. signees of Cargo are hereby requested to send in their Bills of Lading for Counter- signature, and take immediate delivery of their Goods from alongside.
Cargo impeding the discharge of the Vessel will be landed and stored at Consignees risk and
ADAMSON, BELL & Co., expense.
Agents, Hongkong, 21st August, 1888.
Intimations.
(36
HONGKONG AND SHANGHAI DANKING. CORPORATION.
Entinations.
WANTED.
FROOM. Upper part of the town. ROM September 1st, an UNFURNISHED preferred.
}
Apply to
"N. O
Office of this paper.. Hongkong, 25th August, ¿E88.
1832 CHINA TRADERS' INSURANCE
COMPANY, LIMITED. NOTICE TO SHAREHOLDERS.
THE TWENTY SECOND ORDINARY above Company will be held at the Head Office, Victoria, Hongkong, on MONDAY, the 3rd proximo, at CLOCK PM., for the purpose of Presenting the Report of the Directors and Statement of Accounts to goth April last, and of declaring dividends.
The TRANSFER. BOOKS of the Company will be CLOSED from the 21st instant to the 3rd proximo, hoth days inclusive.
By Order,
A. S. GARFIT,
Insurances.
THE NEGLECT OF LIFE ASSURANCE.
HERE is no feature of our civilised life that
than the neglect of LIFE ASSURANCE. BY payment of a small quarterly subscription any inan of good health can secure very large sum to his family in case of premature death, yet hundreds of families brought up in confort- perhaps in luxury-are left in extreme poverty every year from the bread winner. having neglected to assure his btc. In the East' many 4 man up to his income, knowing well that delicat aim of suddenly, his wife and children would be left almost wholly unprovided for. All this can be prevented by Life Assurance,,
TH strikes a thoughtful man with inore force
&
EVERY FACILITY In connection with Life Assurance Business is afforded by
THE STANDARD LIFE OFFICE, one of the largest and wealthiest of the Provident Institutions of the United Kingdom. Forms of application and all information will be promptly afforded on application to any of the Standard
Hongkong, 10th August, Aging Secret Company's Agents, or lo
1781
THE HONGKONG AND KOWLOON WHARF AND GODOWN COMPANY,
LIMITED.:
NOTICE is hereby given that all Vessels
discharging Bombay Cotton and Cotton Yarn, at the Kowloon Wharves will have iree storage for 14 days from arrival, after, which a RENT of 3 Cents per Bale per Month will be charged.
ISAAC HUGHES, Secretary.
Hongkong, th November 1824.
KOWLOON THE HONGKONG AND
WHARE AND GODOWN COMPANY, LIMITED.
THE Company is prepared to. Tranship Cargo Trails Colopres at Kowloon or West Point to, any Steamer in the harbour, and to bring Cargo across from Kowloon to any place on the Praya at the usual rates.
By Order,
ISAAC HUGHES, Secretary. -Hongkong, 20th April, 1888.
THE CHINA FIRE INSURANCE COMPANY, LIMITED.
}
NOTICE.
.
THE BORNEO COMPANY, L.,
Agents, Hongkong.
[659 Hongkong, 29th June, 1888.
STRAITS INSURANCE. COMPANY, LIMITED.
STRAITS
MIE
HONGKONG CONSULTING COMMITTER :— F. SHIP, Esq., Messrs. ED. SCHELLHASS & Co.
. L. REUTER, E., Messrs. PUSIAU-& Co.
HEAD OFFICE, SINGAPORE.
STRAITS INSURANCE COMPANY, LIMITED. Subscribed Capital
(428
Paid Up Capital
THE MOVE Company have this day been REMOVED to "VICTORIA BUILD- INGS," No. 5, Queen's Road, Central, Ground Floor.
JAS, B., COUGHTRIE,
Secretary. Hongkong, th August, 1888.
THE HONGKONG HIGH LEVEL TRAMWAYS COMPANY,
LIMITED.
[787
HE Public are respectfully informed that the TEAR TRAMWAY was
OPENED for Public Traffic on WEDNESDAY, the 30th May.
WEEK DAYS.
The CARS RUN as follows between ST. JOHN'S PLACE and VICTORIA GAP :-
8 to to A.M. every quarter of an hour.
half hour..
12 to z P.M.
4 to B. quarter of an hour.
SUNDAYS.
and from 4 to 8 P.M. every quarter of an hour.
Reserve Fund
....$3,000,000
600,000 85,000
HE above Company is accepting MARINE RISKS to all parts of the World at
CURRENT RATES.
STRAITS FIRE INSURANCE COMPANY, Subscribed Capital..........
LIMITED.
Paid Up Capital ......................
THIS
$1,005,000,
400,000
to issue
HIS Company is prepared
POLICIES against FIRE on Foreign and Native Houses, Godowns and their contents, at CURRENT RATES.
All Contributors of Business in the above Two Companies participate in the Bonus whether Shareholders or not.
JOHN ANDREW, Agent, Office, 24, Queen's Road, Opposite Hongkong Hotel. [710
Hongkong, 17th July, 1888.
NOTICE.
ΤΗΣ
-LIMITED..
THE DIVIDEND declared for the half-year ending 30th June last, at the rate of (10) One Pound and Ten Shillings Sterling per Share of $125 is Payable on and after MONDAY, the 27th instant, at the Offices of the past 12 to 1 past one every quarter of an hour, THE MAN ON INSURANCE COMPANY; Corporation, where Shareholders are requested to apply for warrants,
By Order of the Court of Directors,
T. JACKSON,
Chief Manager. Hongkong, 25th August, 1888. COLLEGE OF MEDICINE FOR CHINESE.
1831
ESIDENTS in the Colony would materially
Riaid the Senate of the College by forward-
(1.)-GLASS JARS (for Museum purposes). Ing to the ALICE MEMORIAL HOSPITAL (2.)-ILLUSTRATED PAPERS and BOOKS for the Student's Reading Room and Library.
Address:-JAMES CANTLIE,
Hon. Sec. to the College. [773 Hongkong, 7th August, 1888.
FOR HIRE.
HE Fast Steam Launch "ELK" is always
THE kept under steam off Pedder's Wharf and
is at the service of the public for proceeding to and from Steamers, Picnic
Parties, etc.
Single Tickets are sold in the Cars: Five-Cent Coupons and Reduced Tickets at the Office of MACEWEN, FRICKEL & Co., General Managers, VICTORIA EXCHANGE,
50 & 52, Queen's Road,
Hongkong, 17th August, 1888.
IMPAIRED VISION. LAWRENDE & MAYO‘B PERFECT PEBBLER,
Are clear, cool, & preserving to the Sight
[539
and Bathing MR. LAWRENCE is now in Hongkong and
For particulars, apply to
CRUICKSHANK & Co., Ld.
[r Hongkong, 17th August, 1888.
CHS. J. GAUPP & CO., HRONOMETER, WATCH, and CLOCK-
MAKERS, JEWELLERS, SILVER-
SMITHS, and OPTICIANS. CHARTS and BOOKS. NAUTICAL INSTRUMENTS. Sole Agents for Louis Audemars' Watches; awarded the highest Prizes at every Exhibition; and for Voigtländer and Sohn's CELEBRATED OPERA GLASSES, MARINE GLASSES, and SPYGLASSES. No. 8, Queen's Road Central. [607
BOWRINGTON FOUNDRY EAST, POINT, HONGKONG.
A. G. GORDON & Co.
G. GORDON & Co. are prepared to
undertake
description of every ENGINEERING and SHIP-BUILDING WORK, both afloat and ashore, on most reasonable terms.
may at the HOTEL Room No. 20) daily from 8 A.M. to 6 P.M. (CONSULTATION FREE). SPECTACLES VS. BLINDNESS.
The symptoms indicating failure or irregulari- ties of sight are frequently too long disregarded
CAPITAL SUBSCRIBED.
$1,000,000*
The above Company is prepared to accept MARINE RISKS at CURRENT RATES on GOODS, ko. Policies granted to all Parts of the world payable at any of its Agencies.
WOO LIN YUEN, Secretary.
HEAD, OFFICE, No. 2, QUEEN'S ROAD WEST. Hongkong, 1st February, 1882.
GENERAL NOTICE.
--------
(150
THE ON TAI INSURANCE COMPANY, (LIMITED.)
CAPITAL
TAELS 600,000, $833-333-33- EQUAL TO ... RESERVE FUND................................. $240,000,00.
...
BOARD OF DIRECTORS; LEX SING, Esq. LOU TO SHUN, Esq.
world
LO YEUX MOON, Esq.
MANAGER-HO AMEI,
at CURRENT RATES to all "parts", of the
and either from ignorance or feeling of diffidence, MARINE RISKS on GOODS, &c, taken the aid demanded by nature is withheld until serious mischief has been caused to the sight, aften resulting in blindness.
The following patients out of many hundreds have sent unsolicited acknowledgments of the benefit they have derived from the use of our Pebble Spectacles :—
The Earl & Countess Lindsay, Queen's Gate, Lordon, S.W.
Lady Kemball, 79 Queen's Gate, London, S.W. Lady Emily Digby, Coventry, England.
S. R. Groom, Esq., F.R.G.S., Barrister at Law, Singapore.
The Hon. E. E. Isermonger, Col. Treasurer, Singapore.
R. Huddle, Esq., Deputy Master: Attendant, Singapore.
Dr. Richard Bowman, L.R.C.P., Singapore. J. R. Allan, Esq., Singapore. Surgeon General W. Collls, M.D., India. Major General Sir M. Biddulph, C.B., India. Surgeon General A. E. Dale, M.D., India. Major Central Murray, C.B., India Brigade Surgeon J. A. Scott, M.D.; India, &c. ESTIMATES FURNISHED FOR THE CONSTRUC For protection against sun and dust our Luculent
PUNCTUALITY AND FIRST CLASS WORKMANSHIP GUARANTEED.
TION OF STEAM LAUNCHES, REPAIRS TO THE ENGINES AND BOILERS OF STEAMERS, CASTINGS, J&c., kt. Hongkong, rst fandary, 1858.
Glare Protectors are strongly recommended by the leading Ophthalmic Surgeon. MILITARY MEN, ENGINEERS, PERMANENT TAWAY INSPECTORS, and those whose occupation compels them to be out in the best of the day, will find these Glasses invaluable. By their use the eyes are kept cool, and dimness of vision, inflammation of the eyes and IRRITATIVE PEVER, consequent on over-exposure to the glare, are prevented." LAWRENCE AND
OPHTHALMIC OPTICIANS.
MITSUI BUSSAN KAISHIA. SOLE ACENTS FOR
MINE. THE MIKE COAL B Steamer lying in the harbour or coming DUNKER COALS can be supplied to any alongside the KOWLOON WHARF on application
Y, FUKUHARA,'- to the Undersigned
Acting Manager, Hongkong, igth January, 1888.
Hongkong, 27th August, 1888. *1837 J.
NOTICE ·
TE have admitted Mr. HARRY WILLIAM
WE AARTNER in our Firm in
[W. HEWETT & Coz
Hongkong, 17th August, 1888,.
[105
& R. TENNENT'S ALE and PORTER.
DAVID CORSAR & SONSLE
Merchant „NAVY: NAVY BOILED MA LONG FLAX
CANVAS
CROWN EN AN ARNHOLD, KARBERG & Co
[630 Hongkong, 5th June 1881.
MAY O,
Opticians to the Principal Ophthalmic Sur geons in England and India.) ÖFFICES-OLD BOND STREET, London.
3 & 4 HARE STREKT, Calcutta.--` 27 RAMPART Row, Bombay,
[732 'Hongkong, 24th July, 1888.
FOR SALE CHEAP. BOUT" TEN TONS OF ASPHALTE.
Apply to
AADE MELLO & Co.
Macao, Macso, ard April, 1888.
HEAD OFFICE, 8 & 9, PRAYA WEST. Hongkong, 17th December, 1885, **
Auctions.
PUBLIC AUCTION.
[877
THE Undersigned has received instructions TH
from Mr. A. HAHN, (on account of his Removal to New Premises), to Sell by Public
Auction, TOMORROW,
the 28th August, 1888, at a P.M, at his Music Store, Queen's Road, opposite the Hongkong Hotel,
A quantity of STOCK, comprising VIOLINS, GUITARS, DRUMS, CELLOS, ACCORDIONS, CONCERTINAS, BANJOS, MOUTH ORGANS, CORNETS, TRUMPETS, HEROPHONES, ARISTONS, FLUTES, FLAGEOLETS, FIFES, OKARINOS, CASTANETTÉS, BONES, VIOLIN BOXES, BOWS, ROSIN, &c. METRONOMES, MUSIC and MUSIC PAPER, TOYS and FANCY GOODS,"
ALSO,
&c.,
&C
A FEW PIANOS. TERMS OF SALE,-Cash on delivery,"
G. R. LAMMERT,
Auctioneer,ANY Hongkong, zist August, 1888
A
Notices of Firms.
NOTICE
1816
G. SMITH, D.D.S., will take entire Charge of the DENTAL FRACTION of the Undersigned during Dr. KIMBALL'S temporary absence, and is duly authorized to Sign the Firm
WINN & KIMBALL Hongkong, a3rd August, 1888,
1874