THE HONGKONG TELEGRAPH, WEDNESDAY, MARCH 19, 1902.
**Miss Washington, let me present: Mr.perty worth some four or five million dollars Turnet. He's not married either, and he wants not accounted for in is balance-sheet, "thas to be, for he has just told me so You'd make really holding an additional reserve and bring a fine young couple, just suited to each other. ing up the total reserve to the neighbourhood I hope you'll be happy, and with that the
of twenty millions, or of thirty millions if the representative of the Celestial Empire withdrew, reserve liability of shareholders be taken into leaving an embryo admiral and possibly a consideration. In the face of these figures it fatura society leader blushing crimson and keems to us that shareholders might quite rea- speechless with embarrassment
sonably
The best part of the story is that within' half a year Wu's match-niaking bore fruit, and the young people were married,”.
ASK FOR THE INCREASE OF DIVIDEND
without coming, under the suspicion of being mere speculators-speculators in the gambling aanse of the word, that is. Of course the ques-. AS OTHERS SEE US,
tion to be consideredfis 'whether the Bank can THE HONGKONG BANK AND ITS DIVIDEND. or cannot afford to pay a higher dividend with. In the course of his speech at the annual out injury to its stability or its reputation. Pro meeting of Hongkong and Shanghai Bank bably this question has often formed the sub- shareholders, Mr. Shewan, the Chairman, ulged ject of discussion and consideration on the the new Chief Manager to "set his face like Board, and the reasons which have prompted flint against the clamour of speculators for birthe more conservative attitude to be adopted are worthy of respect as being at least an error ger and still bigger dividends." Now it is worth while painting out, in view of this refer on the safe side. Yet it may be doubted whe ence to the clamour of speculators, that specu-ther the time has not arrived when the great: lation may be either reckless or legitimate, success of the corporation—a success which and that it is to be condemned not intrinsically, there is at present no reason to suppose is at but as it approaches the former and recedes an end-should not be recognised by dividing some portion of the increased profits among from the latter characterisation. Very many of the transactions which a Bank engages are of the nature of speculation, and if their success were invariably certain the profits made would not be so large. Such speculation is of course perfectly legitimate in finance, as in business generally, What the Chairman, doubt- less had in vida in this denuciation of specu- Intors was the purchase and sale of stocks for delivery without any shares being held by those who dealt in them. This of course is merely
"A FORM OF GAMBLING
which prevails on bourses and stock exchanges. all over the world, and in deciding what pro portion of its profits shall be distributed in the form of dividend a corporation like the Hong- kong and Shanghai Bank is quite justified in ignoring the wishes of speculators who buy for rise with the object of selling again" ini.
Hotels.
THE CONNAUGHT HOUSE,
QUEEN'S ROAD.
The most comfortable family Hotel in Hongkong." EXCELLENT CUISINE, LOFTY ROOMS, CENTRALLY SITUATED, CIVILITY AND ATTENTION.
TERMS MODERATE.
Hongkong, 7th December, 1901.
J. H. WAINWRIGHT, Manager.
[13390
THE BAY VIEW HOTEL. Very best brands of Wines, Beers and Spirits only kept. Private Baners, a specialty.
Under entirely new management.
10750)
stockholders instead of placing them year (HOTEL after year to a reserve that appears more than sufficient to guard theyBank against danger. This is a case where there seema no special reason for laying up, treasure for posterity:-- Kobe Chronicle.
A BOER IN A BOX.
STOWED IN THE HOLD OF A CASTLE LINER. The Prisoner Recaught and Returning to St. Helena,
An offices of one of the Union Castle mail steamers has related the full story of the way in which Commandant Smonnberg, an escaped Baer prisoner, who had managed to concraj himself as a stowaway, was discovered. He
anys:
"On 16.Dec; we left Cape Town for England, mediately, and no to secure a legitimate invia St. Helena, Ascension, and Las Palmas. terest in the affairs of the institution. But it may be questione: whether the evidence of We arrived at St. Helena on 22 Dec., discharged passenvers, mails and baggage, and cargo. dissatisfaction, slight though it may be, which prompted the Chairman's remarks, exists sim. Amongst the latter was an innocent-looking case addressed to a captain of the 4th Glouce- ply among disappointed speculators. There
stershire Regiment. Its exact dimensions were "'appears to be also a feeling among some share-
4ft, zin. by 28.4in., of 2-in dẹal, with two lots holders that the
of battens round it at about one-third of its
BANK'S ADVISERS ARE TOO CONSERVATIVE
110
length, and two more across the ends. Little, did anyone'think what the case contained.
"At 5.30 on Christmas moming the baggage hatch was opened to get the mails and parcel post on deck, two of the crew going down below to sling them. When they came on deck one of them reported that there was a stowaway down below, but as we were close up to the anchorage at Ascension the hatches were put on and a hand left to see that nobody came up or went down..
in placing such large amounts to reserve year by year and writing property' account down to nil, and these believe that large profits could be distributed, without damaging the position of Bank in the slightest or reducing the market value of the stock. On the other hand, the regular customers of the Bank might urge that as the profits are in large part denved from the business they bring to the Bank, they their alde are entitled to participate the Bank's prosperity, hy receiving in more liberal treatment—a reduction of interest "After the ship' was anchored, I went on to on advances and a mising of interest on de the bridge and reported the matter to the posits. The reply would destitues ou a tolli, Kissmaids gung down the ference to the law or supply and demand, and find the man, but could see nobody. Thinking the evidence that good profit can be made that perhaps the man had imagined he had seen someone, I questioned him about it but safely and securely on the terms offered. How ever, this is to deal with another subject, and he was confident, and said the stowaway had bas no direct bearing on the relations between asked him not to give him away." 1 continued the search looking everywhere, even searching the management and shareholders. Moreover, the policy adopted by the management, which the bold, which he night possibly bave got into Mr. Shewan described as never allowing the by means of a small ventilator, but no signs of inrests of the Bank to be sacrified to the mere him were to be found. desire of making a fine show before the world, has undoubtedly met with success, At the end of 1894 shares were worth $252,50, while in December of last year they where quoted at $622.50; in other words, besides receiving a substantial dividend each year, the value of holdings has more than doubled, even when allowance is made for the depreciation of silver, At present prices the rate of dividend regularly declared still means a return of 5 per cent. on the investment, not at all bad interest on the price of gilt-edged stock. In London the stock is quoted still bigher than in the East, and it is significant of different views on the matter of interest that at least two-thirds of the stock is held at home. But, allowing for all this, it is still worth consideration whether the policy of - piling up reserves and writing off property is
not.
A LITTLE OVER-DONE.
"The captain, wondering why I did not bring the stowaway along, came to the hatch and asked where he was, and I told him be was not to be found. He then questioned my informant, and got the same story as he had told me. However, he had to be found, so we determined to get all the baggage up, but on hearing the order given a voice said, I will give myself up," and then a head and after it a thin body and a pair of thin legs appeared from the wooden case referred to.
+
LOER PRISONER RECAUGHT.
"As soon as the man was out, he said. This has been worse than h, and I can believe it. After he had squared himself up a bit, took him to the captain, who was on the pro- menade deck with Col Evans, the military officer commanding the troops at St. Helena, who at once recognised him as Commandant Smonnberg, a Boer prisoner of war on parole, Smonnberg stated that he had been in the case since Friday, 20 Dec., and had not been able to get out until the 24th, when some baggage had been shifted.
"Taking advantage of the opportunity he came out to stretch himself, but went to sleep and did not awake till he had been seen, but managed to slip back into the case in the dark. news of the place, thus accounting for his dis appearance when looked for after the ship was
The subscribed capital of the Bank amounts to $10,000,000, and there is a reserve liability an the part of shareholders to the extent of an other $10,000,000. In January of 1894 the reserve amounted to $4,600,000, and there was carried forward to next account $136,460, the sum thus held in reserve being considerably under five millions altogether. At the last meeting the accounts approved showed that the reserve had reached $14,500,000, and there was carried forward $1,438,248, thus showing anchored." ̈an increase in the Bank's resarve of more than eleren millions in seven years. But this is not all. For some years the policy has been pursued of writing down the property account
HARD PRESSED.
"His experience of being tumbled about in the case was so awful that when he heard what was going to happen he knew he could'
by large sums, so that it will soon stand at #ff¦ not stand it again and gave it up. One can in the books of the corporation. Besides the "valuable offices at Hongkong, some twenty or more of the premises occupied by the Bank's twenty-six branches are owned by the corpora tion, while the property account only stands on the books at half a million,
WWHY N
We can understand the principle of main talning a large reserve, because this not only adds to the stability of the Bank but gives
fancy how he must have felt, being 6ft. gin, He was very weak and had to be helped along., hardly able to stand, but after having some breakfast and a bath he was better and felt more inclined to talk.
574]
[0730)
J. LACOCK.
BOA VISTA,
Mails.
NIPPON YUSEN KAISHA.
(THE JAPAN MAIL STEAMSHIP. COMPANY).
PROJECTED. SAILINGS FROM HỒNGKONG.-SUBJECT TO ALTERATION.
STEVILORS. RIOJUN MARU ...
N. Ohno ....
IDZUMI MARLI
C. H. aller SANURI MRU.
W. Townsend
IYO MARU
SANITARIUM OF SOUTH CHINA), INARA MARU
MACAO.
HE most, select. Hotel in the Far-East, beautifully situated, overlooking the sea, and
affords comfortable acruinnodation for travellers,
The strictest supervision as to food and cleanliness is exercised by a European Manager
Telegraphic" Address: "BOA VISTA”
METROPOLE
HOTEL.
Convenient distance from town, delightful
situation.
BOARD AND RESIDENCE. Intimations.
NEW YORK LIFE INSURANCE
CO.
The Oldest and Largest International Life Insurance Company in the World.
SUPERVISED BY 82 GOVERNMENTS.
Written Business 1031 exceeds $380,000,000 Gold. Actual Paid for Business 1901 exceeds $26,000,000 Gold. “A note or a Telephone Message from those wishing an "up-to-date" polky will receive jumeviate attention.
Pangkerigg, rath February, 1902.
HECTOR W. SAMPSON, Special Representative, Hongkong Hotel.
HIRANO WATER
13746
A natural clear, sparkling and effervescent Mineral Water, bottled in its NATURAL CARBONIC ACID GAS of the Hirano Spring of 1liogo Ken, Japan. It mixes excellently with WINE or SPIRITS, and is PERMANENT IN QUALITY.
77601
ANALYSIS PROVES ITS PURITY. PATENT CORKING.
Telegraphic Address: MARINEWORK, Hoşukuze,,
E. C.
SIEMSSEN & CO.,
Sole Agents, Hongkong and South China.
Code Used:
A z nad ABC, 4th Edition, »
WILKS &
& Co.,
MARINE ENGINEERS, SHIP CONTRACTORS
AND SURVEYORS.
Collisions and Damages Surveyed for Insurance Companies, Ships esigns and
Specifications Prepare Office: 8,Queen's Road Central.
Hongkong, 8th November, 190i.
NOTICE.
(12:40
F. BLACKHEAD & CO., SHIP-CHANDLERS,“ SALMAKERS, COL AND PROVISION MER- CHARTS, NAVAL CONTRACTOR", AND GENERAL, COMMISSION -
AGENTS
PRAYA CENTRAL HONGKONG, SOAP MANUFACTURERS. SOLE AGENTS FOR
THE SECOND VOLUME of BOX'S EX CHANGE TABLES with Rates in 1/10ths from/to 15/16 down 1018, is now in the bookbinders hands and will be published next week. These Tables, which run in columns of 100, from 1999 down to 1. and from 19/11 down to to or from $999 down to cent, enable the user to arrive at the value in Dollars of ANTMANN'S RAUTJEN'S GENUINE any sum in Sterling under £1,000 by simply H. COMPOSITION RED HANT adding, the equivalent of the Shillings and BRAND, HARTMANN'S GREY PAINT, Pence to that of the Pounds; or to get the value i in Sterling of any Sum of Dollars and Cents under $1,000 by adding the equivalent of the Cents to that of the Dollars. By these simple means of computation a very considerablesaving of time and trouble, besides securing a ready, illustrated in the following examples. To means of proving accuracy is secured, as is! reduce £879.17.11 inte Dollars at Exchange
1/16;—
£879. 0 a $9,561. 926 . 17.71= 9. 745
$9.571.671
whereas with the other exchange books the process would be as follows:-
*£800, 0, 0=$8,702. 550 70, 0, 0, 76. 473
9. 0, 0,
97. 904
17. 0,
9. 247
0. 497
$9,575. 671
or to reconvert the dollars into sterling at the same rate of exchange --
$9,000,000 £827. 6.10. 8 571,000 52.9.9.11 . T. 2.13
879.17.11.00
.671===
but by other books it would be
$9,000.000-£837, 6.10, 8 500.000 45.19.3.
70,000
6. 8, 8, 6
1.000
1.10. I
.600
70=
I. 9
879.17.11.00
SANITARY SOFT
تاند
DAIMLER'S KATENT MOTOR LAUNCHES, &C.,
Sale Agents for FERGUSON'S SPECIAL CREAM and
P. & O. SPECIAL LIQUER SCOTCH WHISKY, &C. EVERY KIND OF SHIPS STORES AND REQUISITES ALWAYS IN STOCK
AT
REASONABLE PRICES. "Honpload, sarà Mau, z8oh
NOTICE.
THE BEST PREVENTIVE OF ALL INFECTIOUS DISEASES.
SOAP.
JEYES
FLUID
DISINFECTANT SOAP.
AVOID ALL RISK OF OUTBREAK BY ITS USE
W G. HUMPHREYS & Co.. Bank Huildings. Hongkong; with March, 207.
ST. JOSEPH'S COLLEGE, HONGKONG.
fa
DESTINA FIONS.
SAILING DATEE,
(VIĆ TOKIA, BC. and SEATTLE, TO-MORkOw, zoth Man, at {ULTA, VIA KORE and YOKOHAMA) 4 P.M.
(BOMBAY, VIA SINGAPORE, andį FRIDAY, 21st Mar, at
COLOMBO
MARSEILLES, LONDON & ANT
Neon,
WEKE, VIA SINGAPORE, PENANG, ( SATURDAY, 22nd Mar, at
Colavio and PORT SAID .......
ĈVICTORIA, D.C. and SEATTLE,
U VIA SHANGHAI, MOJL, KOUE und YOKOHAMA
Daylight.
MONDAY, 2411 Mar, at
.4 P.M.
TUESDAY, 25th Mar, at
Noon.
(BOMBAY, VIA SINGAPORE and FRIDAY, 28th Mar, at
S. J. G. Parsons,...
HIROSHIMA MARU T. Murai........
MOJI, KOBE and YOKOHAMA
{ROBE and YOKOHAMA
FRIDAY, 28th Mar, at
Daylight.
COLOMBO
Noon.
(NAGASAKI, KOBE and YOKO-į THIDAY, 28th Mar,' at.
HAMA
Noon.
VICTORIA, B.C. and SEATTLE,"
U.S.A., VIA SHANGHAI, MOJI, KORE MONDAY, 7th April, at¦: and YOKOHAMA dominatives,
4 P.M.
W.Bainbridge KAGOSHIMA MARU
K. Kori YAWATA Maru.....
*A. E. Moses
KINSHIU MARU
F. L. Pyne.....
* Through 'Passenger Tickets and Bills of lading issued for the Principal Cities in the United States, Canada and Europe, in connection with the GREAT NORTHERN RAILWAY and and Atlantic Steainers.
For further Information as to Freight, P'rsange, Sailings, &c, apply at the Company's bal Branch Office at Prince's Building, 1st Fluor, Chater Road.
Hongkong, 18th March, 02.1 COMPAGNIE DES MESSAGERI US MARITIMES.
PAQUEBOTS-POSTE FRANCAIS.
NOTICE.
STEAM FOR
SAIGON, SINGAPORE, BATAVIA, COLOMBO, BOMBAY, ADEN, EGYPT, MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON, HAVRE, BORDEAUX;
ALSO
PORTS OF BRAZIL AND RIVER PLATE.
\N TUESDAY, the 25th March, 1902, in the ON:
afternoon, the Company's Steamship "OCEANIEN," Captain Schmitz, with Mails, Passengers, Specie and Cargo, will leave this Port for MARSEILLES, via BOMBAY
This Steamer connects at COLOMBO with the 1.3. Annam, which vessel takes on her Passengers and Mails leaving that Port on the
Marseilles.
A. S. MIHARA, Manager.
ORIENTAL
COMPY
THE PENINSULAR AND ORIENTAL STEAM NAVIGATION COMPANY,
STEAM FOR
TRAITS, CEYLON, AUSTRALIA, ADEN, EGYPT, MEDITERRANEAN PORTS, PLYMOUTH AND LONDON,
Through Bills of Lading issued for EATAVIA, *CONTINENTAL and AMERICAN PORTS) THE Steamship
"ORIENTAL,"
th April, Direct to Suez, Port Said and Captain F. N. Tillard, carrying His Majesty's Cargo and Specie will to registered for Lon-oils, will be despatched from this for don as well as for Marseilles, and accepted in MARSEILLES and LONDON (DIRECT) transit through Marseilles for the principalking Passengers and Cargo for the above.
op SATURDAY, the 29th-instant, at Noon places of Europe.
Ports.
Parcels will be received at this Office until 4
Shipping Orders will be granted till Noon, Cargo will be received on board until 4 P.. Specie and Parcels until 3 P.M., on the 23rd, the day before sailing. The Contenta and instant. (Parcels are not to be sest on board: Valent wil Packages are required.
Shippers are particularly requested to nole they must be left at the Agency's Office.) Con.
the tenns and conditions of the Company's tents and Value of Packages are required.
For further Partic apply at the Com-Bills of Lading.
For further Particulars, apply to pany's Office.
G. A CHAMPEAUX, Agent, Hongkong, 19th Maniq-1902, NORTHERN PAG FID STEAMSHIP COMPANY,
E. A. HEWETT,
Superintendent. Hongkong, 15th March, ton [tooje
PROPOSED SAILINGS FROM HONGKONG,
VIA
SHANGHAI, INLAND SEA OF JAPAN,
KOBE AND YOKOHAMA,
FOR VICTORIA, B.C., AND TACOMA,
IN CONNECTION WITH NORTHERN PACIFIC RAILWAY CO.
Steamers,
Bracmar
Captains,
Proposed Salling.
3,601 W, Watt...... Mar. 20 1,837. J. Truebridge April 5 Olympia Glenogle 3.750 G. E. Wamer April 26 Duke of Fife... 3,821 J. S. Cox...... May to
THE attention of Passengers is directed to the very cheap rates offered by this Line
to the PACIFIC COAST and to the INTERIOR and EASTERN CITIES of the UNITED STATES and to EUROPE.
HONGKONG TO LONDON £52. Excellent accommodation. First-class Table, DOCTOR and STEWARDESS carried. Passengers to EUROPE may proceed by one of the first class ATLANTIC MAIL LINES.
HONGKONG TO NEW YORK £48. The Railroad travalling is second to none on the American Continent two trans-continental trains daily from TACOMA. DINING CAR is attached to trans-continental trains day and Dightį TACOMA to NEW YORK in '4 days. Magnificent Scenery of the Rocky and CASCADE MOUNTAINS, The YELLOWSTONE National Park route,
HONGKONG TO VICTORIA, TACOMA 435.
The best route to the KLONDIKE GOLD FIELDS. Frequent Sailings from VICTORIA, TACOMA to DVEA and ST. MICHAEL..
Rates of Passage to other Points on applica- 1100,
ment Services.
Special rates allowed to members of Govern
For further Information as to Passage or Freight, apply to
DODWELL & Co., LIMITED,
eneral Agents. Hongkong, 15th March 1902.
DROZ &. Co.,
Watch MANUFACTURERS, STEAM FACTORY ESTABLISHED 1864. ST. IMIER, SWITZERLAND.
WING to the insufficiency of accommoda- ion in the present building and the in- creasing demand for admission, it has been found necessary to extend the wings of the main building and to enlarge the Chinese de- partment by an additional storey with two wings. The estimated cost will amount to over Every care has been taken in compiling these $75,000, To cover these expenses we Appeal Tables to insure their accuracy and even as the to the liberality of all friends of Education. book was being printed the last impression of The establishment has been in existence for the each sheet was taken and carefuly rechecked last 25 years and is open to all classes. Much LEVER by two separate persons and any little errors of the clerical work of the city is carried on by in reading which will crop up in such works its past pupils. As this is the first time we have.
"Had he managed to get to England, he said, he
he was going to wait his chance to get out of the case at night, and, wait till the ware, house doors were open, and watch his opport. unity to get away to Harwich, and from there Government and local authorities, as well a want; he had only enough to last two more over to Holland. Water was his greatest the general public, confidence in their dealings anys, and had heard the men say it would take with such an institution. But why should a the ship nine days to get to Las Palmas so that Bank reduce the apparent size of its reserves was another reason that prompted him to give by not finding a place on its balance sheets for up the attempt
“Slowed in the case were a bag of biscuits, the valuable property in its possession Not some tine of extract of meat, two bottles of only do tûn buildings and landed property find water, two clean shirts, an overcoat, a pair of proper representation of their value, but the trousers, two pairs of socks, a tin containing farolture, including the many valuable safes, candles and matches, a bradawl, gimlet, an old mortising chisel, and a flat water tin made to are taken. When everything is taken carry about the person without being noticed, into consideration it would seem that theOn being searched Smounberg was found before it is issued, thus making it a most response. The names of our most liberal EPAIRS of WATCHES and CLOCKS Hongkong and Shanghai Hank possesses pro-
GIRAULT GENERAL GROCERIES HEPROVISION 19A BAKER,
to have in his possession £2, 48. 6d. în money GIRAULT for RED, WHITE, BLUE,
GREAT SPECIALTY COFERE.
SPECIALITIES:
WATCH & CHRONOGRAPHS.
MAXIM, BERNA¡ &c./
TRADE MARKS:
as these are carefully corrected in each copy applied for assistance we expect a generous
by competent European experts : at this and the previous volume, may be sent to tablets, as a lasting testimony of their generosity. accurate and useful book. Subscriptions for Denciactors will be inscribed upon marble Moderate Rate. the Daily Telegraph Office, Price Sro per copy.
THE CHRISTIAN BROTHERS, A NO. 10, QUETE'S ROAD CENTRAL 1 Hongkong, 10th February, 1902, [172d Hopklony, aand November, spoti -
Hongkong, 15th May, r001
15164
Insurance.
NORTH GERMAN FIRE INSURANCE COMPANY OF HAMBURG:
THE
HE Undersigned AGENTS of the above Company are prepared to accept First Class FOREIGN and CHINESE RISKS at CURRENT RATES,
SIEMSSEN & Co. Honkong, 28th May, 180.
IST
To be Let.
TO LET.
[25
TONY BROOK COTTAGE (with Garden),
No. 4. LOWER RICHMOND ROAD. Apply to Chinese Dept. of
A. S. WATSON & CO, LTD, Hongkong, 17th March, 1902.
[331d
TO LET.
FFICES in Ground Floor of DES YEUX FF!
ROAD and ICE HOUSE STREET. For Particulars, apply to
THE MEDICAL HALL, S
70, Queen's Road Central Hongkong, 4th March, 1902.
[297d TO LÉT.
HOUSES in CLIFTON GARDENS, CON-
ROAD,
GODOWNS at BLUE BUILDINGS. HOUSES at CAUSEWAY BAY, facing the
Polo Ground..
A HOUSE in RIPON TERRACE.
Apply to
I
THE HONGKONG LAND INVEST. MENT AGENCY CO., LD. Mengknaw. 5th March. 1902
(2090
TO LET.
"THE
HE KENNELS" MAGAZINE Gap,
Apply to
THE HONGKONG LAND INVEST.
MENTE AGENCY, CO, LD, AM Hongkong. 5th March. 1902.
(arad
ΤΟ ΣΕΤ,
HOUSE in KNUTSFORD TERRACE, Kow A 1000 From the 1st of April.
Apply to
THE HONGKONG LAND INVEST-9/
MENT & AGENCY CO, LDZ// Langtrany, 1st March, 1002
fassa
TO LET.
COURTEEN EUROPEAN 'HOUSES'
F 18, 20, 22, 24, 26, 28, 347-36, 385 42, 44, 46, and 48, LEIGHTON HILL ROAD.
Apply to
THE HONGKONG & KOWLOON: LAND & LOAN CO., LD" No. 8, Queen's Road West,
Hongkong, aand February, 1902,495 (2248
TO LET
ROUND ELOOR of GODOWN No.1
Now Praya, Kennedy Towable 3) Apply to
THE HONGKONG LAND INVEST
·MENT & AGENCY CO, LDEL Hongkong, fat February, 1003,5-day led
Page 5Page 6