HONGKONG LANDS.
THE HONGKONG TELEGRAPH THURSDAY FEBRUARY 1 1906.
posed of any properly or rights of reclamation † to part with it, where, an Anybody could soo, to the llongkong Land Reclamation Company?
The Chiirman No. It is not true. “ Mr. Pollock? That is to say that the pro- perty-
ANNUAL SHAREHOLDERS', MEETING,
HECKLERS IN SYIDENCE. The ordinary-annual meting of shareholders in the Hongkong Land Invatment and Agency Go, Lud, was held at the Company's offices at noon to-day. The Hos. Hr. C. W. Dickson The Chairman: Kowloon Marine Lot sum
presided. The athara preient were Sir Paul Chater, Mass. 1. P. Wild, A, Haupt, -E. Shellim, (directors), A. Shelton Hooper (secre. 'tary),Hon, Mr. Gersh im Stewart, Messrs. }. R. 'Michiel, Ho Fook, G. Mumy, Bain, H. Percy Smith, Hon. Mr. H. E. Pollock, x,cù, Messts, A,
· Apcar, E. Georg, S. Hancock, T. F. Hough, 0.. W. May and W. H..Wickham..
The Chairmis said:-Gentleman, 1 propose with, your permission to dispense with the formality of reading the report and accounts, which have now been in your hands for several days. There were in 1995 to, acquisitions of new propertier, the attention of the Board being devoted to the further development of those already bald, and towards this ruin a consider-
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The Chairman-One lot has been sold by the Land Investment Company.
Mr. Pollock: What lot is that?
ber 19.
Mr. Tolleck-And when did that sale take place? *.
The Chairman-In 1901.
railways would radiate all over China. Bhare holders naturally asked why the Land Com pany did not take an interest in that matter, and why the work was not undertaken by this
Sir Paul Chater, said with reference to the E Polat Reclamasion this company by virtue lots was committed, because the reclamation offries, halding a large number of marine and been passed sad was only dependant upon Focal dapat belean the military and navy,
have
To-day's *Advertisements.
Intimations
HONGKONG AND SHANGHAI BANK ROBINSON PIANO
ING CORPORATION:
NIINARY HALF-YEARLY MEET-
company. For a company of this magnitude Fhr Land Company was committed to tha TA to borrow money to pay for this work would clamatida if it came of That would have been a small matter. It seemed to him it i
mikant a large amount of
and no divi
given that the OR. would have been a graceful act and sound dead would have been earned, and this
how reclamation at Trim-pha-toui would ING OF THE SHAREHOLDERS in this policy if an infant company had beso inaunot have been carried out. The, dividends Corporation will be held at the ity Hall, gurated with 20,000 shares at 523 each to be had been 12 per cent, but at present the divid. Hongkong, on SATURDAY, the zali day of Kiven out pre rare to the shareholders of this and was inly 7 per cent because the proper February, 1906, at Noon, for the purpose of company (hear, heat). Such considerations were not developed. They were now devel receiving the Report of the Court of Directors Mr. Pollock proceeded to ask how the.sal") would have been much valued by the share. £. After funkyould go on paying returns:
loping and they
together with a Statement of Accounts, to 31st discussion,
December, 1905, The Chairman moyed the adoption of the By Order of the Court of Directors,* report and accounts,
JR. VSWFTH Mr. Murray Bain seconded. The mation was unanimously adopted.
Chief ManageKe Hnagkong, 1st Februar 6 Mr. Michael suggested that the property of the Land Investment Company should be HONGKONG AND'S (ANGHAI BANK- valued every second or third year and put on
ING CORPORATION. record.
was effected.
The Chairman-1 have no pegiónál know- ledge of this, not having been a member of the directorate at that time."
J
Mr. Palluck-The managing directors of the Land Reclamation Co, must have made up their minds it was a good thing to buy this
properly,
The Chairman-That scams a reasonable conclusion.
The Chairman have already explained that in my speech,
Mr. Pollock---I should like is definite sub-| tautiainnswer, now,
The Chairman-I will real you my sptech (He then read the portion relating to this matter)
་
Mr. Pollock-How much have you written
up?
Mr. Pollock-How is the item which appears
· able som has been expended, as you willobsoṛvo' | in the accounts-"Profit on property and vá from the increased amount appearing as invested Tavestments, $100,526,"made up? in property, The blocks known as 'Royal' Buildings, King's Buildings, and York Build- ings have been completed during the year, the first-named yielding revenue from September,,Į and the other two from October, but in these last there are still a few vacancies to be filled When this is done and älterations to one other European building, completed, our rent roll should be increased by about $45,000 yearly. It is a matter of regret to your directors that notwithstanding every endeavour it has Dol been possible to Tet many of your Chinese properties, such vacancies repre senting about $75,000 annual rental, and in connection, with this greable experience 1 can only repeat the statement made to you from this chair at the last actual meeting that it is difficult to reconcile such a state of affairs with the complaint of overwding, in mare central districts. Towards development ex penditure money invested on mortgage has been called in to the extent off 163, soo, reducing
the revenue from that source, and our indebted. ness has likewise been increased for the same purpose entailing, the payment of further in- telest. The sum of $100,516 appearing credit represents the profit ona tale of property utiti to be completed and an increase in the bank value of the Company's holding in shares of the Hongkong Land Reclamation Co., Ltd., which, I may incidentally mention, have been recently dealt in at over 50 per cent, above what they now stand at in your books, A slight increase in charges is mots than coppier. balanced by a reduction in the sum expended on repairs, while the extra amount paid away for fira insurance is explained by the enhanced value of properties, Finally, gentlemen, your 'directora arc sanguine of being able, even though no sales of property be effected, lo show in future years résults which will admit of the payment of at least an equal dividend to that they propose for 1905, viz, 7 per cent. There are no other points which occur to me to refer to, but any questions you may desire to put bearing upon the statements now before the meeting, I shall be glad to answer to the best of my ability.
Mr. Pollock rise to move bime ques tions, which, I shink, should be of interest to the general body of shareholders, Is it the fact that the Hongkong Land Investment Co., was one of the original shareholders in the Hongkong Land Reclamation (n.?
The Chairman--It is a fact
Mr. Pullock. The next question is—If so,
, to what extent ? *.-
The Chairman. The Land Investment Company from its very origin has held 2,000 shares in the Land Reclamatio Company.
The Chairman:-1 have already answered that question. I have told you that your hates are $75 and they have been written up
10 $100...
Mr. Pollock --I don't understand what you mean by "profits on sale of properties" to be completed.
-།
sold, but we have not actually got the money The Chairman: The properties have been in. It is quite a usual thing to assess one's assets, for which there is a ready market, and that is what has been done in this case, the fact the test he has been pitten up to the price at which it has been sold.
holders and would have tended to increase
The Chairman--The suggestion will have the consideration of the board.
NOTICE is hereby given sit the Kh
mutual, confidence between managers and inanaged-(hear, hear). He noted with some regret that they bad bad some dealings with their rival company. He had hoped they would never bare had any, because he very much feared that if the interests of this Jacob of Tsim Sha-Taut were pitted against
INGISTER OF SHARES of the Corpora the Esau of Queen's Road this company would Mr. Gershom Stewart moved:That the ion will be CLOSED from SATURDAY, the not get the best of the bargain. It should be shareholders, of this company desire to re-job, to the 24th day of February (both days borne in mind that anyone purchasing shares cord their opinion that in future any favourable inclusive), during which period no Transfer of in this company was in the position of a man opprotuples for reclamation, or other dealings Shares can be registered. who bought a property with a flaw in the required, ought to be offered in the first in-
in in respect of which fresh capital
By Order of the Court of Directors, title. Shareholders had invested in the com-stance by the managing directors to the share-
J. RM, SMITH,
Chiel Manager. pany knowing that when a certain position had bolders of this company; and that no property Hongkong,rat February, 1966, 4 been arrived at they would divide the profits with brights of the company ought to be sold to the managing directors. They trusted that the the rongkong Land Reclamation Co. knowledge and experience of the managers would lead them over all obstacles. He sag: gested that when"a similar situation arose in futurs it would be better to inaugurate a system of allied or affiliated companies over which they would have, some measure of control. AL least the shareholders of this com pany would be in a better position than they were at ́present. Mr. iollock had
referred to the item of $29,000 which wemed to have been 'expended in accordance with the Articles, but that amount did seem odd when the when they remembered that some of the direc dividend was only $7. It seemed more curious tors got. $1,000 each, and it occurred to him to ask the question: To whom did this Company belong? Did it belong to the managing direc: tors, with the shareholders as children looking for crumbs from the master's table, or to the Mr. Pollack:-There are gentlemen in this managing directors with their highly semuner, room who know, the principles of book-keeping.ative offices? He was awaye that the chair regard to the item of $29,239,20 for managing formed, but it was one of the questions or The next question have to submit is with man was not a director when dhe nval was directors' fees. How is that made'up?
which be must expect 10 be heckled. Divided The Chairinan-It is made up in accold-allegiance could lead nowhere but to dis- which, I presume, the shareholders are conver- ance with the Articles of Association, with appointment.
think I need read it. sani. In accordance with Article 95. I don't
Mr. Pollock Yes, read it.
The Chairman read the Article in question: cont. basis or a 5 per cent. basis?
MY Pollock-Have you'taken it at a 3 per
The Chairman:-31 per cent. basis.
Mr. Tillock-1 understand you consider it a het profit on which the managing directors are entitled to this percentage, although the maney, is not actually in hand,
The Chairman My idea of net profits is as shown by the statement.
question. Have the managing dirẹcinis charged” Mr. Pollock-That is no answer to my
on the whole $100,526?
The Chairman:-Yes.
Mr. Pallock secondað.
Mr. Michael disagreed with the amending resolution, because the Hongkong Reclamation Company might give them a very good offer som day, and they should not commit them- selves...
The amendment was put to the vole, when 2 voted for it and I against,
The batantive motion was pui, and. there were 2 against and 8 in favour of it.
The motion was therefore carried,
NOTICE...
[+81
Together, W. WHILLOW
THE Partnership: existing between Mr. E.
under the firm Bame of JOSEPH AND WHIT LOW, She Brokers, has this day been DISSOLVED by mutual consent..
All forward business will be attended to by Mr. E. S. JOSEPH.
· Honicking, Isı February, 1906,
NOTICE.
1178
Mr. Follock moved: "That the shareholders. of this company do protest against any of their WE have authorized M. ERNST ARNDT directors and, officers serving any land com pany which competes in business with this company in any respect whatsoever."
1
Mr. Gertham Stewart seconded adopted it would very seriously affect your The Chairman: If this resolution were Commission account.
Mr. Stewart-We will risk that.
to mention
to SIGN our Firm TER PROCURATION. ARNHOLD, KARBERG & Co. Hongkong, 311 January, 1906,
[170
WAR DEPARTMENT CONTRACTS.
men on the fact, I think it is only my duty TENDERS will be received at the Head Quarter Office, Fletcher Street, until 12 o'clock Noop, on FRIDAY, 16th February, SERVICES, for the period of twelve months 1906, for the undermentioned SUPPLIES and.
from 1st April, 19061--
The resolution was lost by 12 votes to 3. re-elected directors ns the motion of Mr. Percy Messrs. N. A. Siebs and H. P. White were
Smith, reconded by Mr. Orange,
·Messrs. T. Arnald and ¤. W. May were re. Pointed auditois on the motion of Mr. Sayer, seconded by Mr. Percy Smith.
The meeting then ended,
He protested against officers and managing directors of the companyà QUESTION OF PARTNERSHIP. werving other land companies..... It was an injustice 10 the Land Investment Company, and he intended to put his protest un récord. He would now'move :--
In Summary Jurisdiction this morning, beföre His Honour Mr. A. G. Wire; Puisse Judge, the Fung Chepog Wing shop brought an action against the Tse Ting Kwang firm for the re-recovery of $13656 for rice supplied to coalies employed at the Naval Yard Extension Works and at Yau-mia-ti.
The Chairman-bink you will be in order after I bave proposed the adoption of the port and it has been seconded,
Mr. Genham StewartAll right, sir. The Chairman-I have ascertained that ite property in question was bought on account of Mr. Orange as agent for the Reclamation Company.
M Michael-1 want to ask a question about the writing up of the 2,000 Shares of the Hongkong Keclamation Company. You have written them up from $75 to $roo—is that so?,
The Chairman:-That is so.
Mr. Michael: How did you arrive at that figure? You remarked in your speech, that they had gone up so per cent.
this account, but you have also included in the shares might have been written up to a Mr. Pollock-You have not only included. The Chairman-If you mean to infer that your net profits $17,875.70 as balance brought directors decided that Sico was a safe and forward from last account. Surely that is not reasonable figure to put them at.
higher figure i quite agree with you. But the
net profit.
The Chairman-You are perfecily correct. Commission is not charged on that.
Mr. Pollock :-I don't see how this $39,239.20 can possibly be arrived at on the basis of 31
'per cent,"
The Chairman Figure it out...
Mr. Pollock: Yes, it would be about that. .Mr. Pollock-Is it the fact that the property directors is very detrimental to the ordinary This system of the payment, of managing which has been reclaimed by the Hongkong body of shareholders of this company. If you Land Reclamation Co, at Tim-shatsui was knocked down to the paid Secretary of the Co., you will see that the shareholders received Sta refer to the figures of the two previous years Mr. Augustus Shelton Hooper, at public, auc-dividend, instead of $7. Mr, Pollock also show- tion? If so, by whom was he employed toed that the fees paid to the managing directors purchase that property?
were less in former years.
Mr. Chairman :-The answer is-No Mr. Pollack asked to whom it was knocked. down...
The Chairman:- don't know that I can answer that question. This is a meeting of the Land Investment Company.
Mr. Pollock argued that as the directors thought it was advisable to invest to the extent of 2,000 shares, the original shareholders should know to whom that property was knocked down, The Chairman-The decision was arrived at by the full Board.`
Mr. Pollack-By1 I want to know to whony the property was knocked down.
THE HON. MR. G. STEWART., The Hon. Mr. Gershom Stewart said he felt obliged to speak on this occasion, and he wa induced to do so for two reasons. The first was that last year in the management of certain property belonging to this company the police, he undertood, bad tried their utmost to remedy the exiting state of affairs but their powers were not sufficient. These had also been strong protests in the press with the result that special legislation had to be passed. He trusted that in future nobody would ever be able to point the finger of score at this company as the pro- prictors of buildings used for disorderly houses, He most earnestly trusted that the disorderly scenes which, formerly took place At these houses would not have again to be referred jo at the meetings of the company, His second reason was that he had received from shareholders at Home letters in which they asked questions why the dividend had Mr. Pollock :-Was he neverassistant secret-been reduced from 512 to 57. They had. pro- aryt
bably looked upon the Hongkong Land Invest ment Company as a stendy-going concern and the reduction had proved a great inconvenience
The Chairman:] haven't the information at band."
Mr. Pollock Mr. Northcale is Becretary of the Hongkong Land Reclamation Company,. is, he not? And he is also quitant secretary of this company?
The Chairman-He is employed by this company, but not as assistant secretary.
The Chairman:-He was acting secretary, Mr. Pollock:-You told us that those shares bava appreciated 100 or 200 per cent.
The Chairman; I mentioned in my remarka that recent transactions in the shares had taken place at over so per cent of their value.
Mr. Pollock: What is the increase in the
Mr. Michael: And you charged your com-
mission on them.
The Chairman: That is natural. and value have we got from our unproductive estate, out of the $6,000,000?
Mr. Michael: What proportion in profit
The Chairman: Do you wish the actual or approximate figures 7.
do.
Mr. Michael: The approximate figures will The Chairman: · Halfa lakh:
Mr. Michael: What percentage), The Chairman: You can figure it out for yourself,
Mr. Michael: Less than a half per cent, The Chairman: I dhink we bad better get on with the meeting,
Mr. Michael: I bave a suggestion to make. The Chairman: I will be pleased to hear it
1 after the motion is put.
Goldring, represented the plaintiffs, and Mr. R. Mr. E. P. Hett, of Mess, Brutton, Hett and Harding appeared for the defendants.
The card was adjoumed until Monday to enable a witness, who is supposed to be suffer ing from berl-beri, to attend."
Co-day's Advertisements.
HONGKONG CORINTHIAN YACHT CLUB.
A
CLUB CRUISE will take place on
SUNDAY, February 4th.
1
For the convenience of Non-boat Owning Members a launch will leave the Club, House off Ab King's slipway at is A.M.
Sandwiches and Refreshments can be obtajn ed op board,
J; }, STUBBINGS, Hon. Secretary. Hongkong, at February, 1906.
[186
A YOUNG LADY wishing to relitto ENGLAND desires engagement as COM- PANION, or to take charge of Children in consideration of passage.
Apply to-
"B"
Clo Hongkong Telegraph, Hongkong, 1st February, 1906
(187
IMPERIAL GERMAN MAIL LINE. · NORDDEUTSCHER LLOYD, BRÉMEN,
STEAM FOR SHANGHAI, NAGASAKI, HIOGO AND YOKOHAMA,
THE Imperial German Mail Steamship
"ZIETEN,"
No further remarks were forthcoming, and The Chairman said he had listened to the remarks of his friend Mr. Stewart, and he thought it might be useful if he indicard how the Reclamation Company.came to be formed. That company was formed in almost four years ago The direcion of this April, 1907, company having then in view the then contem would all recall-in which the Land invest- plated Praya East Reclamation, which they ment Company, by reason of its ownership of masine lots in that district would have had a considerable interest-and the necessity
That would be unproductive for many years, the idea would arise for a large capital outlay which
company which would undertake that work, and was conceived of forming a new and distinct thus avoid lock-up of the capital of the submitted to the full board, who in the then Land Investment Company. The project was position of the Company, having regaid expe- cially to the extensive programme to which they were already committed, deemed it pru dent to place some limit on such prospective $100,0:0 la the new Company. These shares outlay, and decided to take an interest of THE Steamship
at the present moment. He had been quite at been made that the shareholders themselves
Capt. von Binzer, will leave for the above places, TO-MORROW, the 2nd instant, at 6 A.3L
For further Particulars, apply to
NORDDEUTSCHER LLOYD.
MELCHERS, & Co.,
Agcuta. Hongkong, 1st February, 1906.
[1
NORDDEUTSCHER LLOYD, BREMEN. IMPERIAL GERMAN MAIL LINE
NOTICE TO CONSIGNEES.
. "ZIETEN,"
or shares to that valus, were applied for and having arrived, Consignces of Cargo are hereby allotted, and were still held, In that way it informed that their Goods, with the exception. was considered that shareholders' interests of Opiam; Treasure and Valuables, are being were very appreciably protected. He was very
kong and Kowloon Wharf and Godown Com sorry to gather from the remarks that bad landed and stored at their risk into the hazardous
and/or
extra bazardous Godowns of the Hong- pany, Limited, Kowloon, whence delivery may be obtained.
Optional. Cargo will be forwarded unless Dotice to the contrary be given before, 11 A-Ma TO-DAY.
a loss how to reply to the people at Home giv held a different opinion. ing reasons, satisfactory reasons, for a fall of aearly so per cent in their dividend.. the Colony was in a sinking condition, it
·ralue of our property after making allowance could be understood.
Thejateable value
of
any property or sights; of re-
for the cost of the seclamation?
Mr. Pollock-think from your sistement, If just made you gave an incorrect aaswer, un- to my qua'ion-Hay this com-
Hongkong had greatly increased. When the Lat number 49, but from what I can gather Your answer would refer to Marine The Chairman:-The value of the Company's late Mr. Granville Sharp died his property was shares?
valued by reliable and competent people at a
Now, we have disposed of all our rights to the Land Reclamation Company, Mr. Pollock: Yes.
million dollars; on a later date it appeared that the Fraya Kast reclamation was afterwards The Chairman:That is not so. He added that his estate had increased in value to the ex- abandoned. tent of one or two million dollars. It was now some time ago slace the Tsim-sha-tani sale ed took place. He had a fairly good recollection that Mr. Shelton Hooper attended the public auction. There was a certain amount of come petition and Mr. Shelton Hooper acquired the property there. It had seemed a reasonable thing for the Land Company
The Chairman he face value of the shares is $75. They am now standing in the books at Stoo. Recent Transactions have taken place at 50 per cent, above that.
Mr. Pollock:-Am 'the' managing' directors of this company also managing directors of the Hongkong Land Reclamation Co
The Chairman-It is a well known fact that they are, pe
ז'
Mr. Pollock)--J'only want is know the fact 1 is so, Is it trus that this company has die
Mr. Pollock-Have va sold or contamplat 1 selling our rights on the Prays Rast? The Chairman I say distinctly, No. Sir Paul Chater:--Never dreamt of, Mr. Pollock-What was this company form-
for 7
The Chairman I cannot tell, Mr. Pollock am a shareholder wanting
if you are ngable lograp information which I am sniftied to kavasid
The Chairman haye gives you all the in
to acquire a substantial sito, provided formation possible, always that the Goverumgat was willing | if I canuel belp it,
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered siter TUESDAY, the 6th February, will be subject to rent.
All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on TUESDAY, 6th of February, | 30 9.30 AM,
All Claims, must reach us before the fath of February, or they will not be recognized.
No Fine Insurance will be affected. Bills of Lading will be countersigned by the Undersigned, iz
"NORDDEUTSCHER LLOYD,
MELCHERS & Co., Agents,
1. Meat.
1. Hospital Supplies and Medical Comforts,
3. General Supplies and Provisions.
4. Oil, Wick, and Barrack Supplies
5. Coal, Coke, Wood and Charcoal.
6. Barrack Services and 8. avenging.
7. Washing
8. Transport Service Supply of Launches
Junka, Cailles, Sec.)
9. Forage
•
Forms of Tender and any ticulars can be obtained on application to this Office personally or by letter, addressed to the Officer Commanding Army errice Corps, between the
signed, and dated, and no Fender will be noticed hours of 10 A.M; and 4 fm. -
The Tenders must be properly filled up and unless delivered upon the proper form at the the above date, in a closed envelope, marked Head Quarter Office by 12 o'clock Noon on
"Tender" on the outside.
The right to reject any or all Tenders is reserved.
Ilead Quarters Office,
Hakong, at February, po
NOTICE.
Tis hereby notified that, on and after SATURDAY, the 3rd February, the TURN. ING. ON OF WATER in the Rider Main Districts in the afternoon will be discontinued und water will be turned on for about one hour only batween the hours of 6 A.M. and
W. CHATHAM,
Water Authority. Hongkong, 1st February, 1906, THE TRADE MARKS ORDINANCE, 1898,
10 A.M.
APPLICATION FOR REGISTRATION OF TRADE MARKS.
CO., LD.
THE APOLLO PIANO PLAYER
IS A
TRIUMPH.
a should hear it.
RECITALS DAILY.
NEW MODEL
PIANOS
THE MOST NOTED
EUROPEAN MAKERS
OWN MAKE
IN SOLID TEAK.
Embodying the MINIMUM
OF COST
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OF EXCELLENCEV
$375 AND UPWARDS
VICTOR TALKING'
MACHINES.
WITH TAPERING ARMS.
LATEST OPERAS AND SONGS,
Hongkong, fst February
Trade
TELEPHONE No. 135.
[185
THE
NOTICE is hereby given that 'Messrs
H. SKOTT & Co., of Victoria, Hong- kong, Merchants, have, on the 23rd day of January, 1906, applied. for the registration in Hongkong in the Register of Trade Marks, of the following Trade Marks
-The word "Victory" and the picture of
Victor,
2-The words "Camal brand and the
picture of a Camel, 3-The words"
of two flags brand and the picture
in the name of Messrs. H. SKOTT & Co, who claim to be the proprietors thereof.
The Trade Marks have been used by the applicants in respect of the following goods :- FLOUR IN CLASS 41,
Facsimiles of the Trade Marks can be seen at the office of the Colonial Secretary of Hong- kong.
.Dated the 1st day of February, 19:6,
DENNYS & BOWLEY, 183}
Solicitors for the Applicants. KWONG SANG & Co,
No. 70, WELLINGTON, SIKKEET *ENERAL
GTURERS and DEALERS in Ladies'
DRAPERS, MANUFAC
and Children's Underwear, Silk, Pongee, Grass- cloth, Fancy and Piece Goods, &c. men's Shirts made to order.
Latest style of Ladies' Blouses and Genile.
TRIAL ORDER SOLICITED. Hongkong, 1st February, 1906,
CHEESE.
VERY CHOICE AUSTRALIAN
Mark
DISTILLERS
COMPANY
LIMITED,
Edinburgh, Glasgow,
London.
GINS
PER
DCL
محمد
$180
DOZEN
JDC L
$8.00
DRY GIN
ONLY 60 CENTS' PER B.
Old Tom and Dry.
TRY SOME.
SOLE AGENT 8-
CHEDDAR,
THE DAIRY FARM CO., H. PRICE & CO
LIMITED.
Hongkong, zat February, 1906)
12, QUR' BOAD CRITRAL.
Honghour, shà December
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