Entimations, EQUITABLE LIFE ASSURANCE SOCIETY
OF. THE
UNITED STATES,
LETTER TO POLICYHOLDERS FROM THE PRESIDENT.
Naw YORK, December 14th, 1905: TO THE POLICYHOLDERS:
HAD hoped to make some statement to -you before this, but I have believed it was best to wal until I could give your final con- clusion in regard to the financial condition of the Socicly based on full investigation. This explains the delay in communicating with you, On Jus 9th Inst, under the condition that 1 shuld have full power, as to 'men and method), and with na pledges of any kind to any pre, I was elected by the Directors of the Society as CHAIRMAN of the BOARD), and at once asíumed the active management of the Society's affairs,
Soon after I was elected PRESIDENT of the SOCIETY and the Office of Chairman, was abolished.
One of the first acts of my administration, was the employment of Meurs. Price, Waterhouse & Company, chartered accountants of Great Britain and New York, and Mess. Haskins Sells, certified public nccountants of New York, to investigate the affairs of the Society, under directions to render complete and ex- haustive reports on the following subjects i
1. The Society's annual expeuset, including legal expenses, advertising expemes, agency expenses, and cost of securing business.
2. The real estate investments of the Com- pany, including in the case of each parcel the the Society; the incoms which it yields; and the fair valuation of the property, whether above or below the value at which it is carried upon, the books of the Society. (If secessary; real estate experts may he employed in as- certaining the value and income of the real estate, subjeci, of course, to my approval as to men and terms).
THE HONGKONG TELEGRAPH, MONDAY FEBRUARY 12 1906.
Intinrations.
ANNUAL AUDIT.
"It will be the policy of the new administra. tion of the Society to insist on an Independent audit of its accounts as to its facal condition, once each year, the result of which will be published,
'NOMINATION OF DIRECTORS.
Under, he change in ownership of a majority of the stock, the shares' were at once put in trust and Directors are now nominated by the trostees-Hon. Grover Cleveland, Justice Mor gan. O'Brien, and Mr. George Westinghouse. Thirteen Directors are chosen annually, and the Trustees will each year offer an oppor tunity to the policyholders to express their pre- ferences in respect of the choice of Directors..
POLITICAL CONTRIBUTIONS.
It will be the policy of the Society hereafter. not to make, contributions to political cam paigas. It is my opinion that we have no right to use the funds of the Society for any such purpose.
REAL ESTATE MORTGAGES.
In the last ten years this Society has loaned over G $120,000,000 on real estate inortgages, mostly in large cities. Only in six of these cases has it bad to take property, under fore. cimure and in these six instances the property was sold so as to net a profit.. It will continue to be the policy of the Society to make invest ments of this description.
COST OF INSURANCE.
The very essence of life insurance is safely and this can be secured only by reasonable premiumas.
Entertainment.
THEATRE
ROYAL,
CITY HALL. HONGKONG AMATEUR DRAMATIC CLUB.
"PRINCESS TOTO,"
A Comic Opera in Three Acts, By W. S. GILDERT, will be produced
ON
THURSDAY, 1nth February, 1995. FRIDAY, 16th
SATURDAY, 17th
MONDAY
TUZSDA
10th
201}
1
WEDNESDAY, 1181
Prices $3, $2 and $1. Sailors and Soldiers in uniform ball-price
Pit and Pit Stalls.
.1
Catherine Apcar, Br. 1.9., 1,730, “A. Stewart, 8th Feb,Calcutta 24th fan. Penang goth, and Singapore and Feb, Gen.-D. S
Deramar, Nor, ss, 149, 0, Schermag, 5th Feb
—Meji 30th Jan, Coal and Gen,--Chinase, Dr. Hans Jürg Kim, Noras, 691, H. E. Larsen, 19th Dec,-loilo 14th. -Doc.) Sugir,-Aagaard & Thoresen Co. Fausang, Br. u., 1,300, F. Wheeler, 10th Feb, Sourabaya 31st Jan, Sugar—J, M. & Com Haur Wagner, Ger. "6.1., 965, Kayemann, 3rd Fox,-Swatow zad Feb, Bsilast.-L., W. & Co. Katharine Park, Br. s. 3,070, W. H. Copp. 16th Jan.--Chefoo assi Jau, Ballast.—-Ġ», .. L. & Co. Kohsichang, Ger. s.s., 1,296, C. Gosewisch, 9th`
Feb, Bangkok (Anghin) 1st Feb., Rice and Timber-B. & S. Mercedes, Br. transport, 2,900, J. S. McGregor, titsanulók, Ger. 8.8., 1,267, L. Gorcken, 8th 6th Feb,-from Pulo Condoro Island, Feb-Bangkok 31st Jan, Rice and Wood. -B. & S.
',
Doors Open at 8,30 P.M. Performance at 9 P.M.
Booking Office at the ROBINSON PIANO CO.,Shantung, Br. s., 1,400, Jae. Robinson, 9th Feb., Brabolingo 29th Jan., Bugar.-B. & open on and after FRIDAY, the 9th February, from to A.M. to 4.30 P. M. each day.;
Sungkiang, Br.. ., 987, Pennefather, 10th Feb. Ceba and Hollo 6th Feb., Sugar and Hemp.-B. & 5.
M. S. NORTHCOTE, " Business Manager, Hongkong, and February, 1906, [192
COMMERCIAL
SHANGHAL SHARE MARKET.
A great many Equitable policyholders are doubtless asking themselves the question
Advices from Shanghai, bearing date 6th whether it will pay them to continue their, policies. To such i wish to say most emphati-inst, state:-Business reported:-Farnham cally that my investigation of the affairs of the Boyds at Th, 122/1:0 for March. Lanu Kung' Society has convinced me that there is no Mows al Tis. 60. Chinese Engineering and cheaper way for the policyholders of the fining Co. is Tis, of B. S. Langkals at T5.
S.
Singapore, Penang and Calédita - Per Catherine Apcar, 14th Febi, a P36
Shanghai and Chinking-Per taka, 14th Feb., 3.P.M. in
Singapore--Pot Patroclus, 14th Feb;, 4 P.M. Macro-Per Hengshan, 15th Feb., 1,15 r.u Macao-Per Hengzkum, 16th Febi, 1.15 P.M.. Cebu and Iloilo-Per Sungkiang, 16th Feb, 3PM,
Backhoure, J.H Baracs, H. W.
KING - EDWARD,
Kishuvitch, Mr. & Mrs
Moller, Mr. and Mrs. More Mr. and Mrs. E. G. and 2-children Morse, Mr. & Mr. F.G.
Moulfer, Mr. and Mrs.
Benton, Mrs. H. G. | Crui-kabank, J...
Delaney, L. T Deman, Mr. R. H. Mones, E. J.
VAS Dismukee, D. E. and A,
child Doster, C.
Moutrie, Se
Muller, Dr. F
Numaw, E.
Frater, Mr. and Mrs. Parker, W. T.
Douglas, Miss
II., W...
Playfair, Mr. and Mrs, Rice, F.D. Rutherford, T.
Dr. W.WAY
Fursa, Col. G, A, Haffüer, C. Hartley, F
Manila-Per Yuensang, tốth Feb, 3 T.M. Manila-Par Røėl, 17th Feb., 11 KM. Macad-Per Hengshan, 17th Feb., 1.45 PM. Shanghai-Per Choysang, 17th Feb., z P.M. ' Moji, Kabe, Yokohama, Victoria, BC. and Tacoma, Wash-Per Tremont, 24th Feb,acksons and child Schmitz, de
Jansen, Mr and Mrs. Schoonmaker, Mr. and
F, and child
Mrs. J. H... Johnstone, Capt. W. P. Siseger, 0. Jones, F. H. LA
10 A.M.
Shanghai, Nagasaki, Kobe, Yokohama, Huno lulu and San Francisco-Fer Coptic, zoth- Feb., 10A.M.
”
い
Rumpe, &c. luba, vit Tupna-fer Salaris, 2011 Feb., 11` A.7.
Shanghai, Yazasaki, Kobe, Yokohama Victoria and Vancouver, (B.C.)-l'or Tartar, 21st Feb., 11 A.M.
Singapore, Penang, and Calcutta-Per Nam· Jang, zand Feb., 1.38.
Timor, Thursday Island, Conktown, Caims, rownsville, Brishane, Sydney, Hobart; Launce Sylung, Ger. 1,846, Dezener, 25th Jas.ston, New Zealand, Melbourne, Adelaide and
Nagasaki 16th Jañ,, Ballart.-J. & Co. Tartay, Br. 1.8., 2,768, W Davison, N., 6th Feb., Vancouver 8th Jan., and Shangbai 3rd Feb., Gen.-C. P R. Co. · Tean, Br. 3.5., 1,346, W., B. Brown, 9th Feb.,-|
Manila 6th Feb., Gen.-B. & S.
Pen-Per Yawata Maru, 23rd Feb, 3 F.31. Manila-Per Zafro, 14th Feb., to AİM.... Europe, &c., loda, via Tuticorin-Per Delki, 24th Feb, 11 KM.
Manila, Zumboanga, Port Darwin, Thursday Telemachus, Br. 8.8, 3.310, J. Williamson, 8th Island, Cooktown, Cairns, Townsville, Bris Feb.-Saigon 3rd Feb, Rice and Gening, Suey, Hobart, Launceston, New Chiacie.
Zealand, Malbmurot, Adelaide and Perth--l'er Tyr, Nor. 8.s., 1,748, Neilsen, 10th Feb,-Kut-7sinan, 78th Feb., 3 P..
chinolzu 4th Feb., Coal.-N. Y. K.
Manila, Port Darwin, Thursday Island, Cook. Hobart, Launceston, New Zealand, Melbourne Jan.,-Moji 16th Jun,, Coal.-S., W. & Co. Adelaide and Perth-Per Austers, 3rd Mar,
|
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Stempel, M.
Joseph, Mr. and Mrs. Streatfield, Mrs, Keeney, Mr. and Mrs.
E. S.
F. P. and family eech, J. S.
Unbebaus, C. 1, Strong, P. B.
Waseoncello, Mr.: Wyck-Zurriaansej. fry
Lello, Mr. and Mrs. A. Capt. & M. N. van Logan, W.
PRAK.
Ambro, L.. Andrews, Mrs. leattie, A. Bentinck, Mrs. Boyle, Lady Flurence, Carruthers, Nr.
Carter, Mr. and Mrs.
Josling, Lt.Col. Kaye, Major and Mrs. Knight, r Lank Mat Mr
Mr
Martin, R.
Chichester, Maj. A. A. Master, H. F. C. Clothier, A. N.
Mitchell, R.
Cocks, Mr. & Mrs. A. E, Mon, Mr.
Corbin, Major-General Mess, Cat G. A.
value at which it is carried upon the books of retable in have sound life insurance than by 1.232 for March, and Tls. 237.for June. Hall, Victoria, Swed. s.4, 988, J.,A. Heltberg, 2ard 'own, Cairos, Townsville Brisbane, Sydney, Daniel, Mr.
3. The aller investments of the Sciety; their character; and the circumstances under which they have been made:
4. The Society's surplus and the manner in which it is carried upon the banks of the Society.
5. The methods of keeping the Society's accounts, sad the respects to which is account- ing may be improved.
J
|
and Holts at $25. Telephones at Tls, 38/581 cash, Colonies at Tis. 18.
their policies: As I have pointed out, the surplus of over 6. $67,000,000, are safely invested upon a basis which returns an
Business done direct:-Shanghai and Hong- excellent rate of interest upon the revised valuations, and I expect in due time to accomkew Whaives at Tis. 230 cash, and Tla. 135 for plish sich cennamies that the cost of adminis
March. Farabam Boyds at Tis. 122/121/12 tration and securing new business will be reduced to the lowest possible basis consistent for March. Ewosat, 31, 52 for March, Peraks with safety and efficiency. !, accordingly, at Tls. 7. Langkats at Tis. 3a for March. believe that by continuing your policies in the Weeks at $20 Colonies at Tls, 18, Equitable you will receive life insurance at the lowest cost consistent with safety,
I therefore advise you to continue to pay your premiums; to allow your policies to lapre will be doing yourselves injustice. Your cas tracts with this Society are as safe and sound as anything earthly can be. Where lapses have already occurred the agents of the Society will cheerfully assist in restoring policies,
6. The relations between the Society and the trust companies, banks, safe deposit companies.. EXTRAORDINARY EXPENSES IN 1905. and other institutions with which the Society
congratulate you and all policyholders in is affiliated by ownership of considerable
solvent concerns on the reformainry results of amount of stack or otherwise. (In the case of
the agitation of the past" year. This Society. every corporation in which the Society has a ainne has undergone four separate investiga. dominant or important interest, ́or will which tinisince January 1st. The extraordinary legal the Society has special relations, the owner and other expense entailed thereby is amply ship Of stock other than that owed by the compensated for by the enforced restitutione Society should be ascertained to lar as practi- and checked waste herein above referred to and cable).
by the final assurance you now have of the The subjects covered by the rest of the wealth and solvency, of
your Society, Investigating Committee of which Mr. Frick convinced that this and other investigations was Chairman should be fully investigated...
and the resulting stimulation of discussion have 8. When the report of the New York Super auraçied public attention to the impregnable intendent of Insurance has been made that strength of established concerns like the report should be carefully studied and every fiquilahile more effectually than could have matter covered by it or by the recommendations been done by any other means. While these, of the Commissioner should be carefully exam-vestigations may have been destructive of ined.
individual reputations, the utility of life in- surance has been more fully demonstrated than ever before,
Subsequently, a still more elaborate plan of investigation was agreed upon with these accountants, and I doubt if any American in- surance company ever before had such an exhaustive examination,
}
am
There will be no effort by the new adminis tration to have the biggest company in the world; the effort will be to make it the best and It has taken a large force of snon five months
safest. Conservative lines. will be followed., l 10 ascertain the exact fiancial status of the
will be the policy not sa solicit or secure new Society, now fully exposed by the balance sheet
business at the expense of the present policy. transmitted with the following note and repro-holders, and in rate it is determined that duced on pages 6 and 7.
New York, November 2jib, 1995. Mr. PAUL MORTON, President,
The Equlinble Life Assurance Society of the United States, 120, Broadway, New York, DEAR SIR:-The exhaustive examination which we have made of the affairs of the Equit able Life Assurance Society of the United States is so far completed, that we are now able to furnish you with a Balance Sheet show- ing the true Financial Position of the Society
on September 30th, 1905.
The Assets of the Society as clamed were all found to be on hand, and amounted in value to 6 $416,166,500,10 as shown by the Balance Sheet.
The Surplus over and above all Liabilities ambunted in C 67,3 42,885 421
A conservative revaluation of the Assets, în- cluding a re-appraisal of all the teal estate- Owned by the Society or covered by mortgages held by the society, has resulted in a reduc- tion"in certain of the values adopted in the Society's last Annual Report, principally in Real Estate and in stocks of certain financial institutions.
Yours very truly, (Signed) PRICE, WATERHOUSE & CO.,
**Chartered Accountants, by A. LOWES DICKISON, F.CA, C.P.A.
(signed) HASKINS & SELLS,
Certified Public Accountants,
„ by ELIJAH W. SELLS C.P.A.
You will be gratified to learn:
(1), That all the assets claimed by the Society are on hand, are of a high grade, and are can. servatively worth G 5416,166,500.10.
(2) That, over and above all liabilities, the surplus G $67,142865,41, about seven- eighths of which is a fund for division among existing deferred dividend policies at the end of their accumulation periods.
(3) That the reduction in the book value of our assets and surplus is caused by a revalua. tion on a conservative basis, and in no way reduces the income of the Society,
The decrease in the value of assis la chiefly in real estate which was carried at prices too high, and in shares of certain financial institu tions which were 'carried at inakel prices based on transactions, which were deemed by the accountants to be excessive.
RETRENCHMENT.
"
Economies amounting to G $00,000.00 a year have already been introduced, which if capitalized on a four per cent, basi would be equivalent to an additional investment of over G $15,000,000. This more than covers the marking down of asselt, I expect to institute still further economies of a radical character.
RESTITUTION... Under the past management transactions Involving the expendilure of large sums of money have been carried through frequently without any proper authority of the Board-of Directors and with very meagre bookkeeping
siness in any section of the world is unpro. fitable, that field will be abandoned.
Over 98 per cent. of our death claims are setiled within 24 hours after proof of death is received, and since January 1st, 1905, through all of the agitation concerning life insurance, this Society alone has paid out in death claims and benefits of other kinds over G. $110,709 every working day.
Assuring you that it will be my constant endeavour to conduct the affair of this Society in a manner that will metil your hearty appro
bation, I am,
Very truly yours,
+
PAUL MORTON, President.
BALANCE SHEET.
September 30th, 1905. ASSETS
G. $ .... 28,550,370,00 13,776,col.04 235,538,062.00
Real Estate gjate Secured Loans Bonds, Stocks and other Securi.
Interest and rentals duc...
-TO-DAY'S EXCHANGE,
Selling an tan-Bigk T.T. „ommotion A1 07/16 Da demanding 213
4 months' sight
2013/10 France Bank T.T. Verica-Wink 7.T. Germany-Bank T.T.........! Latin. T.T
Do demand
sausio
....
1.0%
1517
.71 nom:
% prem.
99
hang bi-Back V. 1........... Singapore T:T.....
apan-Bank T′, T. ............................................ Java-Bank T.T...
Paying.
Ja,
#months' bight LIC
2015/16 Sinnchst sight L/C ............2/1 1/16 30 days' sight San Francisco & New York 50
month' sight
Srk in days' sight Sydney and Melbourne 2/1 3/16 months' sight Francs ....... .....2.601 onths' sight,
months sight Germany.
at Silver
(muk of Koriand rgte
o rerigo....
Shipping.
Arrivals
.2.62
2.14 ... 3 GR
9.28
Derwent, Br s.8., 1,562, }, Genkins, 10th Feb.,
Sourabaya 24th Jan, and Samarang 31st, Supar and Molasses-Man Pat, Rajaburi, Ger. 8.5., 1,18), O. Koch, 10th Feb., Swatow gth Feb., Rice & S; Yachow, Br. 5.5, 1,305, J. H. Brown, 10th Feb.,
Shanghai 7th Feb, Gen.-B. & S. Merapi,. But. ss., 1,552, E. M. Nedals; 10th
Feb-Singapore 3rd Feb., Sugar.-Order. | Kwongsang, Br. 18., 1,478, W. P. Baker, toth Feb,-Canton, 9th Feb., Gen.-], M. &
Co
Haimun, Br. 9.9., 636, A. J. Robson, 11th Feb.,
-Swalow 10th Feb., Gen.-D., L. & Co. Lyeemonn, Ger. 5.8., 1,238, I. Th. Lehmann, 1th Feb-Fougste River Paris 7th Feb, Rice, Nuts and Oil-cakes..-S. & Co. Daini Taian Mara, Jap. ss., 2,489, Kito, th 1th Feb, Moji 30th Jan, Coal-Mr. Kusckabe
|
SAILING VESSELS.
Otra, Nor. ship, 1199, E. Refsnes, 24th Dec,
Fremantle 18th Oct., Saudalwood-S, & Co.
Rose, Br, bg, Bzz, Wright, rath Nov.-West Australia 4th Aug Sandal Wood.-S. & Co..
Simla, Br. 4-masted bq., 2,087, Casson, 13th
Dec..-Cardiff 4th July, Patent Fuel Naval Yard. Vincent, Br. ship. 1,774, Cox, 28th Jan.- Philadelphia 20th July, 190, Oil.-S. O. Co.
Steamers Expected.
11.A.M.
Manila, Simpsonhafen, Fr. Wilhelmshafen, sydney and Melbourne-Per. Willehed, 6th Herbertshohe, Matup, Samaral, Brisbane, Mar., 10 A.M.
Europe, India, via Tuticorin Pe Tourant, 6th Mar., 11 AM.
Shaughai, Nagasaki, Kebe, Yokohama, Ficiona and Vancouver, B.C.-P'er Empres) / Japan, 7th Man, it A.M..
Europe, &c., ladin, vía Tuticorin - Per Oceanien, 20th Mar, 11 A.M.
From and after the 1st Januiry, 1906, the rate for Postcards from Australia to Hongkong and British Postal Agencies in China is one panny instead of one poopy and half penny.
Mails for Canton, Samishui, Wuchow and Macao will be closed on week days at 7.30 Vessels.
From
Dut Antest
avery morning. On Sundays the mail for Macao will be closed at 8 am, and that for Prinzess Alice. Singapore M. & Co... Feb. 13.Canton at 9 a.m. Matoppo Singapore Y. K... Feb. 13 Emp, of Japan Shanghai.. C. P. R. Co Feb. 14 Pera........... Singapore P. & O. Co Feb. 14 Banen ......... Singapore. P. & O. Co Feb. 14 Arabia Moji. P. & A. Co Feb. 14 Namsang... Singapore J., M. & Co Feb. 16
DOOK RETURNS.
HONGKONG AND WHAMPOA DOCKS.
M. Strava ...... Hongkong Katherine Park ...... Tartar.......
U.S.A, T. Seward Ithaka
r
Nanshan............... Elizabeth Rickniers... Quinta.......... US.S. Barry... Chibli... Quarta
Kowloon
Dock.
15
F1
11
#
Cosmopolitan.
H
Aberdeen
SHANGHAI,
5th inst Sierstad............Cosmopolitan, Jan. 31.
...............New... 3 Anping............. Tankadoo,
Tingsang
17
Mails for Namtao, Sanbue, Koogmoon, Kumchak, Samshul, Wachow and Canton
every evening at 5 pm. On Sundays the mails will be closed at 9 am
No mail will be closed for Canton on Satur. day evening.
VISITORS AT THE HOT BLS.
Ames, A. J.
HONGKONG
Anderson, Mrs. K. Barschall, F. M. Hattiscombe họ tới Weil, R.N., Eogr.-Lieut.
H. F.
Bennet, F.
Berblinger, A. Bitbeck, R. J.
Bishop, L. C.
Bisney, Mr. & Mrs. S.
Bisney, Miss
Bissell, W. S. Blumenthal, J. B. Bonnar, Mr. and
Holt, B. G. Hunter, R.
Humphreys, Mr. and
Mrs. il.
Hurst, R.N., Engineers
Capt
lanes, Capt. R. Jameson, Mr. and Mrs.
J. W. Jerningham, Sir H. Johannien, Edm. Jokl, J. P. F. Joseph, H, H. Kent, H, W. Mrs. Kerr, F.
Knight, J. G. H. Koenig, C. Köbler, W. O.
J. W. C. Borden, A. P. Brockmann, G: Bronghall, L. Burnic, C. M. G: Campbell, L.. F Chatham, Hon. & Mrs.
W.
Chiistes A. W. 3. Clark, M. O.
Clark, T.
Clarke, Mr. and Mrs.
T. W. Clegg, R.M., Eag. Lt.
and Mrs. H. 1.
Ships' Passed The Canal. 2nd January-Benmohr, Deucalion, C. Ferd Kwanglee, Ch. 8.5., 1,168, R. Lincola, 12th Laeisz, Glenlogan, Tonkin, jd January-
Feb-Canton rith Feb., Gen.-C. M. S. | Baralong, gih January-Banca, Benledi, Nu. Colvin, H. E. „N. Co.
bla, Peleus, Saxonia, Zielen, Cambroman, 12th Copp, Mrs and Miss January-Weosung, Tourane, Prins Heinrich; } Coulthart, J. Indrazadi, Menelaus, Persia, Trieste 16th Cranston, W. C. January-Alcinous, Péro, Riadnorshire Gelsia, Crawford, G. W. W. Pongola. 19th January-Armand Lachlay, Creagh, Mr. and Mrs. Behic, Bengali, 23rd January-Hector, Java, M. W. Palermo, Silesia, (Ġer.) Printett Alice, Print Cruickshank, A. Bill Frie rich, Rhaetia, Surolą, Yung Tur, | Cunningham, G. Lothian, Larries. 25th January-Annam, Dalton, R.H., Capt. Bengloe, Diomed, Hyson, Glancus, Oceanien, G. Sithonia, Ghaett, Manica, Longior, 31st Janu. Davies, Dr. F. H. ary-Slavonia, Fallodon Hall, Glenearn, Des Davies, F. O. of Kelly, Afghan Prince, florusilo, Den of M | Deacon, F. B. - ales. and February—Agaminson, Ernati Doolittle, F. H. Simont, Tydeur, Daria, Heliopolis, 6th Febru. Douglas, Capt. & Mrs. ary-Bencleuch, Beniamond, Nores, Meriantik Dowley, Mr. and Mrs. shire, Socotra, Indrani, Limao, Menzell. 10th FebruatyBayern, Gnatsinau, Nubia, Teen kai, Tonkin, Vandalia,
Departurea. Cash in Banks and Trust Com- panies deposited with Foreign
Feb. 1. Governments and in transit... 70,717,986,01 Premiums in course of Collection 5.805 447.64 Deciner, for Swatow, Agents balances.....
7,064,040.96 || Durjin Maru, for Swalow, 4,014,092,65 Emma, Luyken, for Saigon.
Wit, for Bangkok.. Total assets...G. $410,166,500,10 |* Changchow, lor Saigon,
Feb 12. LIABILITIES.
Pingrey, for Cebů. Ivo Mars, for Singapore. Kwongsung, for Shanghai. Chinking, for Shanghai.
rawongit, for Bangkok.
342,852,061.co
General Insurance Reserve; net present value of all outstand- ing policies computed with 4,03 and per cent interest Current Liabilities: Death claims, endowments, annuities and dividends due and unpaid...... 2,556,794.81 Commissions and Current Ex-
penses ..................... 2,199,414.19 Premiums, interest, &c., received
in advance.....
1,399,364.68 100,000.00 Capital Stock
Total liabilities...349023,634,48 Surplus
67,142,865.42
4 10,159,500 In We hereby certify that in our opinion the above balance sheet is correct and is properly. drawn up so as to show the true financial poti. tion of the Society at September 30th, 1905.
(Signed) PRICE, WATERHOUSE & Co. (Signed) BASKING and SELLS.. fatt
THE HONGKONG STUDIO,
HIGHER CLASS PHOTOGRAPHER, 41 & 43, QUERN'S ROAD CENTRAL, TOP FLOOK.
records, so that it has been difficult in many PORTRAITS, GROUPS and ENLAR instances to secure explanation of certain tran- GING and COPYING is all Sizes.
actions which have taken place during the last ten year, some of which involve a financial loss to the Society.
The liabilities disavowed by thoŝpciety, and the amouis' restored to the Socity approxi mate G1,000,000, and legal procitalage have bean instituted for the recovery of considerable additional pums,2)
LARGE SELECTION OF VIEWS ALWAYS"
ON HAND,
* PRICE VERY MODERATE. Hongkong, igh Supeqmber, 1903
Passengers arrived.
Per Merapi, from Singapore-284 Chinese. Per Yochow, from Shanghai--Mr, Chas. Thompson.
Per Halmun, from Swalow-Mr. Forbes, and
Dr. Mansel
Passengers departed. Per Zafiro, for Manila-Mr. and Mrs. E. C. Morse, Masters A, and C. Morse, Messrs. U. Ballettino, J. Valentin, C. Roderigcer, Mr. and Mrs. F. Roderiguez, Mrs. McAlpin, Mrs. S. A. Wolf, Mr. A. J. Chappell, Mr. C. McClesland, Mrs. Tienty, Messrs. E. G. Gordan and G. W. Wright.
Shipping Report,
Str. Halmun from Swatow-Light Nly and NWly winds, misty, with drizzling rain.
Str. Lyremaon from Yangtse Rivers-During all the voyage, foggy and rainy weather,
Str. Yechow from Shanghai:-Fine weather to Turnabout, thence strong monsoon to port.
Vessels in Port.
STEAMERS. Capri, Ital. £5, 4,195, G. Belsito, 6th Feb - Bombay and Singapore 1st Feb., Gen.-C. & Co.
Carl Diederichsen, Ger, 11, 264, H, Schlaikier, gth Feb,-Haiphong and Holbow 7th Fab, Gem...J. & Co
Arrivals at Home-111 January-Sacoira. 3rd January—Senegambia," jih ́January- Sunda. 9th January-Alston, Banta, 13th January-Prins Regent Luitpold, Serbia, Tom *in. 16th January-Benalder, 18th January -Prona, 19ih January~! Deucalion, Prine Heinrich, 23rd January—Armend Behic, C. Ford Locis, Tristie, 26th Januaryen February-Prins Eitel Friedrich, Glaucus, mohr, Menelane, 2nd February-Mamica. Sili Ernest Simons, Glenlochy, Bector, Hyson.
Post Office.
A Mail will close for:— Swatow-Per Holmun, 13th Feb., 9. kl. Moji, Kobe, Yokohama, Victoria, B.C., and Tacoma Per Hyades, 13th Feb. 17 AM.
Macao-Per Heungskan, 13th Feb., 1.35 P.M.'| Manila-Per Tran, 13th Feb. 3 P.M. Swatow, Singapore and Bangkok-Per Pitsanulok, 13th Feb., 5 P.Men
Hoihow and Haiphong-Per Holstein, 13th « Feb., 5 P.M.
Pressen, 14th Feb, 11 AM, 1
Europe, &c, India, via Taticorio-Pa |
Laing, A, H.
Mackie, Mrs. & Misses
|
|
and Mrs. H. C. and Maxony Mr. and Mrs. maid
Neville, J. C Ollis, F. D. Courtney, G. M. Craddock, Mr. & Mrs. Painiet, Major f Darling, Col. Engel, Mr. and Mrs. Gaies, Capt Gaspir, Mr. Gasier, R. Graham, Mr. and Mrs. Gracey, Mr.
W. Douglas Halahan, Staff-Surgeon
and Mrs.
Penn, Capt. G. A Pollock, L.C.M.
L. Sawer, Capt. and Mrs.
Scott, C. G. Searle, Ray, G. Seymour, Lt. Col. Seavey, Capt: & Mrs. Sinclair, A.*
Stokes, Mr. Vandin, Gordon Vereker, Capt. & Mrs. Watson, Mr & Mrs. M. Watson, W. E. West, G. G. van
Haisan, Mr. and Mrs. Hazeland, F. A. Horton, Capt. Wm. E. Howard, Mr. and Mrs. White, Dr. M. J.
W. H. Hughes, Mr. Jacka, Mr. Jeffries, HaU.
Jehrmann, I. C:
Caspersen, S. Edwards, H. Fernandz, B. J..
Wilkie, Mr. and Mrs, g
Jahn
Wonde, Mr. and Mrs.
Van de
Woodward, Mr. & Mrs.
OCCIDENTAL.
Gott, M.E.D, Lieut.
Mrs. A. A. Gott, Miss H, A Habschic, F. Haesner, C. Keyt, Dr. F. Kihn, H. J
Krill, G.
Corenzen, Capt. H.
Munro, Min A.
Neumandorf, P.
Owen, O. E.
and Packham, Hr. & Mrs.
Lowe, Mr. and Mrs. J.
C.
Lowe, Miss Siesie
„R. and 2 daughters
Pinke, T.
Tawby, H. Wust, H.
Redfero, Mrs. H. and
4 children
Ramirez, Mrs, E. and
3 children
Ratters, F.
Majer, Capt. and Mrs. Staiger, Mr. and Mrs.
N.J.
Majer, Master W.
Keez, O. Hogge, F. G.
E.
KOWLOON.
Ainslie, Dr. D. H‚ ̈*• Crawford, Mrs. A. Charlton, R.N., Capt. Dachsel, Mr. and Mrs.
and Me E. and Paul F. G.
Hall, A. J. Coath, Mr. and Mr. D. Hayman, Louis | Coath, Miss
Reynolds, F. O.
nurse.
CHINA COAST METROKOLOGICAL REGISTER,
February 10th, 1906, an
Vladivostock. a.m.) Nemuro....k a.m. Hakodate
Tokia
Ber. Th. Hu. Wind W
(2)
Marrionit, Dr. O.
Kagoshima...
Kochi........ Nagasaki....
Meier, Mr. and Mrs. Naha
John Merecki, J.
Oshima)
Ishigukijima.. Taihoku
5
a.m.3010
Middendorf, Mr. and
Mrs. E. W. Miller, P. L. Moll, Mr. Moon, Mr. & Mrs. R.M. Moors, Dr. W. B. A. Morrison, Mrs. & child Morton, Mr. and Mrs.
P. H. Newall, S. G. Newington, A. G. Nicholis, E. A. Oliffe, O. C. Parfitt, W.
$1
11. Patey, Mrs. E. Q.
Peake, W.
་ ་
I.
Pecker, B. L. Pennefather, Mrs.
H.
เ
Taichu......... 130,06
Tainan Koshun Pescadores... Weihaiwei... Goista Sharp Peak... Amoy. Swalow...
Cantones Hongkong
Victorin Prak|
"
30,00
+43 3001
30.05)
am 30.48 17 " 130-35 37.19
5.30 a 30,06) 55
14
-
120.96] 10am 30.01
Gap Kock .. Macan Haiphong Manila Bacolod..... Any
G. Hoilo....
Cebu."
$9.99 29.93) 59
Н
•
30,00 81
11
C. St. James to a.in.
Pfardien, A. R. Pigott, C.
February 12th, 1906, a.m. - Powell, W. A. W. A
Reel, Dr. L. R... Downing, Mr. and Mrs. Roach, Mrs. J. S. and Vladivostork.7 a.m.
T. C, and infant. child
Nemlin.... a.m.2976 Evan-Jones, Dr. and Robbins, Mrs J. F. Hakodi...
Mrs. E.
Scott, Mr. and Mrs. J. Tokio
G, and child Eshardt, Mr. & Mrs.
Shea, J. Fischer, R.
Simpson, E. H. Fletcher, H. Forman, Mr. and Mrs. Skott,
E. B.
Slocum, S. L. H. Fullaway, Mr. & Mrs. Spittles, J. S.
C. H.
A. La H Graham, C. A. Grant, RK, Capt. and Stevenson, R.N., Lieut.
Mrs.
Comdr. and Mrs..E. Stewart, A, W. Greenwood, D'Arcy. Thomas, H. P.
W.
Gray T. C.
Thomas, Miss M. La. Timko, A. M. Wakefield, Mrs. and
Hail, Capt. T. Hanghwest, W. B.,
Miss Hardy, R., Lt. and
Mr. C. T.
Watkins, Miss E. Hargreaves, L. Ac] Welch, T. C.
Whitlow, Mr. and Mrs. Harker, B. A. '** Harris, G. T.
A. W, and 3 children Hay, Miss
Wood, G. G. Hollingsworth, Mr. & Wright, Mr. & Mrs. T.
Young, J. A.
Mra
CRAIGIEBURN.
Adams, M. and Mrs. F. Reynolds, F. O.
R. J.
Smith, E. Grant Barnett, H. J. O. Smith Mr. and Mrs.
Grant Dann, G. H. Gaskell, Mr. and Mrs. Smith, Percy Singapore, Penang and Bombay-For Capri, Marchant, Capt, and Soppa, P. Br
Mrs, and chlidren Webb, Mr. and Mrs. Marchant, Miss 3/24k. Montague: 14th Feb., 11 AMKE WAKEMASON
Nacao-Par Hengzhan, zith Fab, litg P.M. | Jameson, P. Beh
+49 29 80
30.06
Kochi
2015.
Nagasaki -
30.17
Kagoshan
30.03
Oshima 23Į
3016
|
30.00
2011
+
a.nt $0.73
30.14
.19
30.07
NE
Naha
Ishigakijin
Tailioku
Taicha.....
| Tainan...
Kashun Pescadores..» Weihaiwela,m
Gutdai eve Sharp, Peak..
18
Amoy 5.30 a 30.1142 Swatow.10.16 52
Canton. Hongkong team. 30.19 36 Victoria Peak Gap Rock
a
ལ་
30.15
Macao
#
30.17
Haiphong
11
Manila...
Bacolod
2.m.
tto lo Cabu
H 29.98
#
299284
C. St. James toam
Barometer Temperature Humidity
Tab. 114) Feb. stat