TELEGRAMS.
[Reuter's;}]}
The King and Queen in Paris.
LONDON, 3rd February.
As their Majesties are travelling incognito there was no official reception at the station on their arrival.
The United States and Japan Feveral American newspapers are printing the wildcat atticies on the prospects of war with Japan. It is alleged that Japan has practically presented an ultimatum...
The Washington officials condemn the revival of the war talk, which they say is utterly unwarranted:
Turkey.
Later.
THE
THE HONGKONG TELEGRAPH, TUESDAY FEBRUARY 5 1907
SCHEME OF AMALGAMATION.
The report of the board of director to the An extraordinary general meeting of the ordinary half-yearly meeting of khareholders Shell" Transport and Trading Company, Li to be held at the Office of the Company, on mited, was held at Winchester, House, Old Tuesday, the 12th inst, at noon, states ..............). Broad-street, K., on at Dec, to consider the foll wing resoluten-"That the comholders the report and statement of accounts The directors beg to submit to the shars pany do hereby authorise the directors to enter for the half-year ending 31st December last. into auch ngréements as may be desirable to carry into effect the scheme for amalgamation between the company and the Royal Dutch Petroleum Company, Limited, which has been signed by Sir Marcus Samuel and Mr. Deter fications, alterations, and additions as the ding, dated September 12, 1906, with such mo- "Hoard may determine, and to concur in the formation of the two companies necessary to Carry out such scheme, and to do all other things which may be desirable for that pur pore" Sir Marcus amuel presided. Mr. H. A. Smith Rewae having read the notice con.
Baron Marschall de Bieberstein, the Ger- man Ambassador in Constantinople; has been, received in audience by the Sultan.vening the meeting,
The chief subject of conversation was the crimes of Fehim Pasha, and the result, the appointment by the Sultan of a special Com missioner to examine the charges against the
Pasha:
Fehmin Pasha has become an object of terror to everyone, and in the meantime parades the streets ostentatiously.
SANITARY BOARD.
QUESTION OF CUBICLES.
An application was submitted to the Board by the tenant of No. 55, Connaught Road Central, to be allowed to retain three cubicles on the first floor of that house,
Roo. F. A. Hewett minuted: If the house has been built after the passing of the new ordinance no hardship is entailed by the absence of cubicles, as the man was, presum. ably, well aware of the law at the time the plans were drawn up...
The Hon. the Registrar General minuted: The cubicle question will never be settled so long as houses are allowed to be built which are uninhabitable by more than one family without partitions of some kind.
|
pleasure of meeting the shareholders I fore The Chairman said: When we last had the shadowed the conclusion of an agreement for the amalgamation of the "interests of this com pany and of the Royal Dutch Petroleum Co., 1.imited, the principles having been agreed at a meeting at The Hague in July between a com- mittee of our board and of the Royal Dutch. A provisional agreement has been actually signed by Mr. Delerding, managing director of the Royal Dutch Petroleum Company, and by my self. A vital preliminary was the investigation of the properties and of the liabilities of the The bi-monthly meeting of the Sanitary respective companies, and I am happy to say that Board was held in the Board room this after these, as was to be expected, are proving antis- noon, when the following business was transfactory to both parties and the agreement has acled:
been accepted in principle by both Boards, ao that, subject to the settlement of necessary detail, and to the formal consent of the share- holders of both companies, we may hope to see the scheme carried to completion on or be- fors March 31, in order not to lose the great advantages accruing from the very moment of joint working, steps are already devised which will make this come into operation for practical purposes from Jan. 1, 1997, although the ac- counts must be kept in such a fashion that should, by any chance, the amalgamation not be carried through, an adjustment between the companies will be feasible. Before giving you the actual details of the agreement which has been open for inspection by shareholders at the offices of the company for the last to days, QUESTIONS BY MR. HUMPHRLYS,
I will point nut to you the principal reasons Pursuant to notice Mr. Humphreys asked:
why an amalgamation between the two com- 1. Has the Medical Officer of Health ever panics is a matter of urgent necessity to both recommended any Chinese houses for total ex- The Nederlandsch Indische Industrie en emption from the provisions contained in sub.
fandel Maatschappij, owned by the Shell section (1) of section 175 of the Public Health Company, have erected at 'enormous cost a and Buildings Ordinance of 1903? If so, why refinery capable of treating at least 12,000 tons did he make such recommendation when (as of crude oil per week, together with adequate he now states he does not regard any domestic storage. They, in common with other con, building as perfectly sioitary which is not pro-tracting producers, market their oil through vided with an open space exclusively belonging the Asiatic Petroleum Co., Ltd., in which to such building?
the Shell Company hold one-third of the To which the Medical Officer of Health, re-
shares, the Royal Dutch Company one plied:-Dr. Clark has recommended one house third, and Messrs. Rothschild and their friends for total exemption from the provisions con- one-third. The quantity of oil deliverable to tained in sub-section (1) of section 175 of the the Asiatic Company by each party is limited Public Health and Buildings Ordinance of by agreement, and the minimum quantity 1903. This house is a small trianglar bu iding which the Nederlandsch Indische is entitled of two storeys, at the corner of Yee Wo Street, to supply would not suffice to keep the refinery numbered 63, and can only legally accommo
at full work. The Royal Dutch Company have
· dato not more than two persons on each storey Kostei, adjoining our territories, which, if they developed a production of oil of their own in The reason given was that the house was 50 small, and Dr. Clark pointed out to the Board sitate the erection by them of a refinery, and wanted to refine upon the spot, would seces. at the time that the best way to deal with the tankage at great cost, and which would be a property would be for the owner to let No. 6 useless duplication of the already existing (which has a backyard), and No, 63 jointly as one dwelling, but that the hoard had no power medium, the two companies are still practically facilities Although selling through the same. to enforce this suggestion.
competing with one another, since their in have erected a plant which is turning out about Lerests constantly conflict The Royal Dutch 500 tons of paraffin wax. per month, and the however, erected in Sumatra, whereas the oil product is finding a ready' sale. This plant is, containing the most valuable parafin is pro- goes through or not, the Shell Company intend duced in Borneo. Whether this amalgamation to forthwith erect a plant capable of turning out 1,000 tons of paraffin wax per month, ex- perience having shown beyond any possible doubt that the crude oil available for this pur pose is forthcoming. Failing an amalgama- tion, the Royal Dutch would also erect a plant in Koete, and there would be constant com-.
Mr. Humphreys then asked -
2. Has the Board (with the consent of the Governor; in Council) ever granted Chinese houses total exemption under section 175 of the Public Health and Buildings Ordinance of 1903, upso the recommendation of the Medical Officer of Health?
The Medical Officer of fealth replied The Board has granted total exemption, under sec tion 175, to 17 Chinese houses on the recom mendation of Dr. Harnett, to ly Chinese houses on the recommendation of Dr.. Pearse, and to 79 Chinese houses on the re commendation of Dr. Macfarlane,
DAIRY FARMS,
A letter from the Secretary of the Dairy Farmpetition and friction between the two coinpan Co., Ld., was submitted to the Board, recomies, nor would such competition end, with this mending that in future no licences be granted for the establishment of dairies, which would be so established in the vicinity of dairies already operating; and requested the Board to
one product, since, owing to scientific investi- gation, most valuable properties have been dis- covered in our Bornes benzine, and certain plant has to be erected to treat it, and here
bear this recommendation in mind in view of again we should find ourselves in competition possible future applications for such licences.
·FIRE NHAR THE MARKET.
ONE FLOOR GUTTED.
mia of lasarance, repair, balance of $15,000 After paying running expenses, salarios, pres special repair account brought forward from last half-year and all other outgoings, there remains, including $5,464.97 carried forward credit of profit and loss account. From this from last account the sum of Stan,t70.08 at amount the directors recommend that a divid. end of one dollar per share or 580,000 be paid to shareholders, leaving a balance of $20,170.08 to be carried forward to new account.
The disastrous typhoons of September caus- ed the stranding of five steamer, of the Com- pany's fleet, with paralyzing effects to the, ser burning of the China Navigation Co., Ltd., vice, which were further accentuated by the steamer Hankow on the 13th October.
The financial loss to the Company has been very heavy although 70% of the book values of the vessels were covered by insurance. The cost of all repairs by typhoon damage and other. wise, including cost of salvage of the steamers Heunyshan, has been defrayed out of the earnings of the half year, except the cost of repairs to Beungshan which only being com pleted at end of January will be chargeable to the first half year of 1907.
+
To Comp
of loss
shan and raising and repairing lighter Wa
Difference between book value and price realized forcompany's? Ard'share of us. Tak. Bing minion..... 14, 105-39 Leis Amount recover-
æble from underwriters, 2,466,66 Electric light installation 5.5. Hongshan
Directors and auditors' fees. Dividend of $1 per
share on 80,000shares $80,000.00 Amount to be carried
forward to new a/c. 20,170,08
Cr.
Dec. 31, 1906 By Amount brought forward from
last account...
#
31
N
13,638.73
4,000.00 .4,250.00
$5.484.97 Net cammings of steamers....... 136.317-36 Interest on investment............. 39,223-43 Transfer fees
Difference balwaan book value and price realized for com- pany's the share of steamer Fatskanalasorea
44.00
Today's Advertisements.
NOTICE.
TT is requested that Residente will kindly Lidscore their Henge by a suitable display
of BUNTING on the occasion of the arrival"
of THEIR ROYAL HIGHNESSES THE DUKE
Intima
THE
AND DUCHESS OF CONNAUGHT and the ROBINSON
PRINCESS PATRICIA TO-MORROW (WLD. NESDAY), the 6th instant,
By Order,
T. F. HOUGH,
Hongkong, sth February, 1997.
Hon. Secretary, Reception Committee,
₤204
60. LD.
THE SHIU ON STEAMSHIP COMPANY, LIMITED. 100,170,08
No
TOTICE is hereby given that an EXTRA- ORDINARY GENERAL MEETING $185,999.07 OF THE COMPANY will be held at the Com
pany's Registered Office. No. 8, Queen's Road. West, Victoria, Hongkong, na THURSDAY, the 9th day of the 1st Moon of the 33rd year of Kwong Sul (the arst day of February, 1907), at which were passed at the Extraordinary 12 o'clock noon, when the subjoined Resolutions General Meeting of the Company bald on the 5th day of February, 1907, will be submitted" for confirmation as Special Resolutions ;-
1.That the capital of the Company be in creased from $250,000 to $350,000 by the issue of 5,000 fully paid up new shares of $20 each ranking for dividend, voting power and in all other respects pari pasau with the existing shares of the Company, 1-That such new shares be offered. in the first instance to the persons who on the 19th day of February, 1907, shall be the registered shareholders of the Company in the proportion.of one new share for every old share held by them and that such offer be made by notice specifying the number of shares which each such registared shareholder shall be entitled to take up and limiting the, time within which the offer if not accepted by payment of the full
7.949.31
$188,999 07 DEPRECIATION AND INSURANCE Fund. Dr. December 31st, 1938.
To balance.
amount
TALKING
PIANO
MACHINES
RECORDS.
$20 per share will be deamed New Stock just arrived
..$600,000.00
$600,000.00
Cr.
June 30th, 1906. .
.$600,000.00
$600,000.00
EQUALIZATION OF DIVIDEND fund. Dr. December 31st, 1906,
..$250,000,00
$250,000.00
Cr.
June 30th, 1905.
$350,000.00 $350,000.00
Hongkong, 5th February, 1907,
there was a shortage of tonnage on the river, Immediately following the 18th September
but since then the competition has been as rife as ever, and Chinese freights have ruled very By balance...... low.
gation Co., Ltd., expired at the end of last The Fool Agreement with the China Navi.
year, and, while renewing it, your directors ent tered into an agreement with that Company to To balance. dispose of our ths share in the steamer Fat has to them on the basis of a total valuation of £15,000 which came into effect on the 31st December. This sale leaves a small profit to us on book value, as you will see in the By balance..... accounts. It was also agreed that the China Navigation Co., Ltd., should purchase from us a the share in the ss. Powan in order that
freighter, and that she should be replaced in she may be jointly worked as a spare boat or
le pool working on t'a Canton Line by the Company's steamer Hengshan,
The Pool Agreement between the China Navigation Company and ourselves extending and executed. The transfer of the share in over a period of to years has now been signed
appear in the account of the first six months in the steamer Powan has been made and will 1907.
COMMERCIAL.
TO-DAY'S INTELLIGENCE.
: p.m. surances $800, China Fires $96), Shell Trans
Buyers:-National Banks St, Union to-
$214, Ices $250, Powells $74. ports 31/6, Hongkong Hotels Star, Cements
Sellers-Hongkong Banks S925,"Canton In- surances $295, China and Manitas $2i, Dou glases $36, China Sugars $131, Raubs $8 on the Macao Line, and recognizing the neces-$95, Hongkong Cottons S114, China Borneo Sto, In order to replace, the steamer Bleungskan Hongkong Docks $143, Kowloon Wharves sity of two smaller and more economical Electrics S16, Ropes 521, China Lights $91, vessels for the trade, your directors purchased. S. Watson $12, from the Hamburg-Amerika Linie the two river steamers Sun and Sui-Tai, They have been running on the line since the ith instant and are working very satisfactorily. These changes have been decided on aber very careful consideration on the part of your Board and in the best interests, of your Com
pany,
tinues to be unprofitable and your directors in The working of the West River Service con-
sell the stranded steamer Tak Hing. The loss agreement with other joini owners decided to
to $14,105.39, but we hope to recover the num. on her book value of our 1/3rd share amovate
salvage from Underwriters. of $2,466,66 for estimated cast of repairs and
Mr. E. R. Fuhrmann resigned his seat at the Thiel was nominated by the directors to fill Board upon leaving the Colony, and Mr. C. the vacancy subject to confirmation by the shareholders at this meeting.
Gourdin and W. Hutton Potis also offer them- The retiring auditors, Mesurs, A, O'D. elves for re-election.
E, GOETZ,
Chairman,
Hongkong, 28th January, 1927.
BALANCE SHEET. 'Assets.
1-
Value of steamets Honam, Powan,
Dec. 31, 19 6.
Heungshan, Sui-An, Sui-Tai, and lungshan ths of Kinskan
Value of lighters Sunice and Wolce and rd of Saizam, Nanning, Lintas, and Sanut...... Value of wharves, hulk and moor. Value of properties at Canton,
ings
Wuchow and Kengkun.
panica.......................... Value of Chinese bonds Loads es mortgage Interest accrued.................................... Sundry debtors. Hongkong and Shanghai Banking-
Corporation current account'
Liabilities.
with nur associates. The great experience Value of spare gear and stores...... acquired by the Royal Dutch in their experi-Value of furniture........ mental work, leads us to frankly recognise the Value of shares in public com. value of their co-operation. The union be tween us as it exists at present is a terminable one. i was made orginally only for 20 years. and a sufficient period has already expired to consider what is to happen at the end of the cause the directorate of both companies to time, and with such a question perpetually be fore one, it is very obvious that the interests of the business as a whole suffer to an extent which can only be realised by those practically conducting it. This has weighed with over- whelming force in inviting the shareholders of both companies to the amalgamation upon the lines now proposed. These are briefly, that new companies will be formed for the purpose of acquiring (with certalu exceptions) the entire assets and undertaking of the Royal Dutch 19 7. Company and the Shell Company as on Jan.`i,
Shortly after eight o'clock this morning a fire broke out on the first floor of No. 21, Hing Leong Street, a two-storeyed building, west of the Central Market. The ground floor of the premites is used as a tinsmith's shop, the upper floor being occupied by a family, who were away at the time. The only person left to look after the house was the cook and he at eight o'clock this morning fit the stove before locking up the house to go to the market to purchase the day's, provi sions. It w`s during his absence, as wȧ are laformed, that, the stove became over- heated and the floor took fire. The alarm was given by the occupants of the ground flour and the fire brigade station being cloan at hand the engines were on the scene very promptly. The 60 per cent, in the new company or companies, The Royal Dutch is to have an interest of main door of the flat had to be destroyed head the Shell Company an interest of 40 per fore the firefighters could gain admittaoce. cent., and those companies are, to have the The flames then had a good held on the pre-right of cominating directors of the new com- mises. After a hard assle the firemen were pany in proportion to their interests. The now Hüccenfat la confialog the fames to the first company is to have a working cash capital of floor, which was gutted, the ground being damaged only by water. The premises are reported to be uninsured and the
the amount of fdamage done is not known, trade
r
500,000, which is to be provided by the Royal Dutch Company and the Shell Company in the proportion of 60 per cent, and 40 per cent.
Continued on paze 6.)",
Docks $143, Cements $21.
Sales:-Macao Steamboats $30, Hongkong
Chinas 587, Shangbai Docks Tis, 107, Hong- Nominal: Hoogkong Fires $375, Indo-
kew.Wharves Tla, 333, Hongkong Lands $107}, West Points Sgo, Humphreys Estates $12, China Providents $8.70, Dairy Farms S16, Tramways $215.
TODAY'S EXCHANGE.
Selling,
London-Bank T.T...................................
Do. demand Do. 4 months' sight........ France-Bank T..... America-Bank T.T. Germany-Bank T.T.... India T.T.
Do.
Singapore T.T.
demand...... Shanghai-Bank T.T...... Tapan-Bank T.T. Java-Bank T.T. ..................
Buying
ச2
2/2 15/
2.82
54.
2.29
1601
..44% prem
.109 +1344
4 months' sight L/C, 2/3:7/16 6 months! sight L/C.........
go days' sight San Francisco & New York,,55 4 months' sight
do..
561
|A
to be declined and that the Directors be empowered to dispose of the shares not taken in response to auch offer as they consider expedient in the interests of the Company.
By Order of the Board,
CHAU CHEUK FAN,
Manager,
Sbiu On Steamship Co., Ltd.
(202
PUBLIC AUCTION. Tthe Undersigned's Sales Room,
3, Zetland Street,
ON SATURDAY,
the 9th February, 1507, at 2.30 PM HOUSEHOLD FURNITURE of all descriptions, ALSO
2 New TYPEWRITING MACHINES. On view Friday: TERMS: As usual.
F. KIENE,
Auctioneer, Telephone No, 574.
[89
Hongkong, 5th February, 1907.
"SHIRE LINE OF STEAMERS.
NOTICE TO CONSIGNEES.
STRAITS.
FROM MIDDLESBORO, LONDON AND THE
HE Steamship
"MONMOUTHSHIRE,”
Captain G. E. Warner, 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, Limited, at Kowloon, and stored at Consigneer risk and expenic,
No Clair will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 9th instant will, be subject to rant.
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 9th instant, at 2 P.M.
No Fire Insurance has been effected. Owing to a fire having occurred on this steamer and a General Average being thereby. Ja days' sight Sydney and Melbourne.z.3 11 16
incurred, Consigners of Cargo will require to months' sight France..... ........2.87) | sign the Average Bond, lying at the Office of the Undersigned, before their Bills of Lading can be countersigned and delivery of their
SHEWAN, TOMES & Co.,
Agents, "Shire" 1.ine. Umigkong, 4th February, 1907. (300
6 months' sight
И
#months' sight Germany
Bar Silver
Bank of England rate.
·Sovereign .....................
31 15/16 Cargo obtained.
2.75
5.%
58,92
THE Manila Times, of 1st inst., says :-Cus. tom's Inspector P, G. Vernal smelled pesos in $1,149,800.00 the Chinese chow pots aboard the Linan yes. 8,005.00 terday and before the ship sailed he had dug up 2,828 Conant cartwheels from the belong-
750.00ings of the 156 Chinese passengers. Most of 133746.27 it came from the chow pots. Inspector Vernal 16,269,37 was assisted by his four guards and four of the 1,4:0.03 Customs secret service men under his char. e. Receipts were given for the mosey and it was 571,748,00
brought ashore in two large sacks. In Insular 693.10 486 000.00 Surveyor Cairns' office it was connte. WIRD- 2.457.92 ped in packages of fifty pesos each and stored 56.922.01
away in the Surveyor's safe.
51,502 62
$2,5-9,439,87
To-day's Advertisements.
FIRE INSURANCE ASSOCIATION OF HONGKONG..
PUBLIC HOLIDAY.
Amount of capital, 8o,oro shares
Dec. 31, 1906.
of Stg each fully paid up.........$1,200,000,00 Amount at credit of depreciation
and insurance fund......... Amount at credit of equalization of
!,600,000.02
Amount at credit of investment
dividend fund
upa 250,000.00.
N accordance with Government Notification fluctuation account ........................... Hongkong and Shanghai Banking
174,224.63 will be CLOSED for the Transaction of Public Corporation, lane account
Business TO-MORROW (WEDNESDAY), Unclaimed dividends............
350,000.00 6th February, 1997-**
6,919.00 Amount at credit of profit and loss : Sundry creditors.
28,136.16
By Order,
a/c..
***** 100,170.08
$2,549,439.87
PROFIT AND Loss Account." Dr. Dec. 31st, 1956.
To Repairs to steamersspe. cial accooot brought forward from last a/c $15,000,00 Amount paid for re- pairs to steamers 4:445-97
10
[203
A, R. LOWE, Secretary, Hongkong, 5th February, 1997,
WANTED. PRE DRIVATE TUITION FOR BOY in English, French, Mathematics, etc., one hour daily. Apply, staling terms, etc., so- ja
All
ClaHongkong TelstrĀDAS Hongkong, stb February, 1907,
ORIENTAL
COMPY
THE PENINSULAR AND ORIENTAL STEAM NAVIGATION COMPANY. FOR STRAITS, CEYLON, AUSTRALIA, INDIA, ADEN, EGYPT, M DITER
RANEAN POR 5, PLYMOUT
AND LONDON, (Through Bill of Lading issued for BATAVIA, PERSIAN GULF, CONTINENTAL, AMERI- CAN and SOUTH AFRICAN FORTS.)
THE Steamship,
"DELTA," Captain C L Daniel, carrying His Ma jesty's Mails, will be despitebed, from this for BOMBAY, on SUNDAY, the 10th February, 1907, taking Passengers, and Cargo for the pany's S.S. Mongolia, 9,500 tons, from Colombo, Passengers accommodation in which venol is secured before departure from Hongkong,
LARGE AND VARIED
ASSORTMENT
MUSIC
Comic Opera Scores
and Dance Music.
RECEIVED BY EVERY MAIL.
Hongkong, 29th November, 19c6.
THE ORIGINAL
CANADIAN
CLUB
WHISKY
19 011
n Claib
Canadian
* Whisky
duram
NEWANS OF TOENTÝNI SITE.
Silk and Valuables, all Cargo for France, and Tea for London (under arrangement) Per Case 12 Bottles will be transhipped at Colombo into the Mail
steamer proceeding direct to Marseilles and
H PRICE &
London, other Cargo for London; &c. will be AGENTS: conveyed from Bombay by the R.M.S. Arabia; due in London on 22nd March, 1907, 1990) Parcels will be received at this Office until 4 P.. the day before" asiling.The Contents and Value of all Packages are required.
For further Particulars, upply ta Tutory low Superintendent
EA HEWETT Hongkong, gih February, 1907.
WINE AND SPIRIT
12. QUEEN'S ROAT
Longkong,rak
$90.00
20
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