Intimation.
Powell's
GRAND
XMAS BAZAAR
NOW OPEN
TOYS
Powell's
THE HONGKONG TELEGRAPH TUESDAY DECEMBER 17 1907.
INA INYASTMENT ORFORATION.
The folowing, letter in addressed to the "Editor, of the North China. Dally News and printed in that journal —
ir-A new company called the "China Invertment, Corporation" has been started in Shanghand is registered at the United States Consulate General as 'crganized under the laws of the territory of Arizona." The name of Frederick D. Cloud, Esq, U. S, Vice-Consul, Shanghai, appears on the Advisory Board, and A. Bassett, Esq., the U. S. District Attorney, formally attended the opening ceremony of the said Corporation,
This Company offers to the public a participat ing band on very tempting terms, and no doubt many Chinese will accept the official registra tion as an unquestionable guarantee, not only of its bona fides but also of its commercial stability as ab investment company.
But no mention is made of any resources
whatever....
Corporation. One ar lesgrof those who were payable 134-months from that date. The only approached, went into the matter carefully and construction that can be put upon the wording declined to have anything to do with the pro
that bë must allow another 134 months (o posals Mr. Edwards, we believe, is at present elapte before the bend matures, Yet he has ment paid daring, these ten years instalments employed in the office of the Chins Ing Corporation, althong's it is fair to add that his amounting to $500,
ame does but figure in its literature, late Two copies of the Corporation's prospectus appear to be la circulation. There is phe noticeable discrepancy in them. One copy states that the books of the Corporation are subject to examination quarterly, by a Charter ed Accountant, whose report is open-to inves. tor; the other stater that the books are subject to examination by a Consular official! like State and National Banks are examined in the
United States.?
com
Intimations.
WHAT IT WILL TO.
- A woman buys a rowing machine for what it will do not as an article of tamiture. A man
Intimations.
SCOTTISH MASONIC QUADRILLE
ASSOCIATION, AND
THE THIRD DANCE of the Season will
The clause providing for a refund of instal. carries a watch to tell him the time; pot as be held in the City Hall, on January 3rd menta made, with 4 per cent interest in the investment of surplus capital. The same
may be obtained from the undersignedited event of death, provided notice in writing is principle when one is ill. We want the medinvitation Cards are now available.and given within thirty days, if strictly interpreted sine or the treatment which will relieve and Late Launch will leave Forry Wharf for would operate harshly on the family of any cure. The friend in beed must be a friend Kowloon at 1.30 AM,
JOHN J. BLAKE, Secretary, onn at home, notice of whoan death was not indeed-something, or somebody, with a
Hongkong, 11th December, 1907, --|| [10ły cabled out,
reputation, with a good record, with a history. that justifies our confidence. There should be no guesswork in treating disease. People have the right to know what a medicine is, and what A. CHAZALON & CO. it will do, before they take it. It must have behind it an open record of benefit to others, for the sage diseases,series of cures that proves its merit and inspires confidence. It is because it has such a record that
Finally there is a clause stating that the con- tract is to be construed in accordance with and controlled by, laws of the Territory of Arizona, which is a long cry from Shanghai
AWAMPOLE'S PREPARATION
Its Good Name is the solid basis for the faith
6, QUEEN'S ROAD CENTRAL,
NOW SHOWING÷
A. LARGE ALEGREMENT
· PERFUMERY,"
TOM SMITI'S CRACKERS,„,
XMAS TREE ORNAMENTS,
FOOTBALLS, &c., &C.
ALSO
Let it be supposed that the Corporation' can' The prospectus states that the plan of the Corporation "consists of the sale and issue or place each $5 instalment at compound interest bonds. The bonds are issued in denominations at six per cent immediately it is received. At of $1,000 each, with provision for the payment the end of 134 months capital and interest of premiums for 134 months, and the Corpora combined will amount to about $346, and if tion reserves the right to call and pay them at anything this is giving rather too favourable is bought and used without hesitation or doubt. FRENCH DOLLS and TOYS, any time at their accrued value, which amounts result, as it has to be remembered (vide terms to the resist of the monoy, with interest at the of the bood) that there is no guarantee that the people hava in it; and a good name has to be earned by good deeds. For the purposes rate of five per cent per annum, and in addition any of the first sight months' instalments will for which it is commended it is honest, true and to five per cent the band receives its share of be invested. The figure given seems to allow practical. It does what you have a right to the surplus earnings from bends discounted for little if any margin for profit, though a member expect it to do. It is palatable, as honey and cash, partial paid-up bonds, lapses, fines and of the Corporation's staff informed a represen contains all the nutritive and curative properties transfer fees." The issue of the bonds is fative of this paper that the profits on each of Pure Cod Liver Oil, combined with the based upon security, which much consist, under 5i,ode bond were expected to amount to $4.000. Compound Syrup of Hypophosphites and the. It is open to doubt whether the small (Extracts of Malt and Wild Cherry." In Scrofula, the law, of cash, Government bonds, or first mortgage lien upon improved real estate, worth vestor would not be in a better position if he Anemia, Nervous and General Dability, In at least double the amount of the loan, and invested his instalments in a bank, on deposit fuenza, Blood Impurities and Wasting Cam these bonds or marigages are hypothecated account, until from time to time he had suplaints, it is to be thoroughly, relied upon. "Dr. J. L. Carrick says: "I have had remarkable under requirements of the law with "trustees" ficient to band to purchase realizable industriais (only one trustee is mentioned in the prospectus) It is true that he would miss the chief benefit Chronic Bronchitis, Catarrh and Scrofulous His savings would they always be availablo. success with it in the treatment of Consumption, to secure and guarantee the payment of the bonds i owed." "The purchasers of these bonds he seems likely to derive from the purchase of Affections. It is of special value in nervous pas of the corporation's. Bonds-the exciting prostration and depraved nutrition; it stimulate a are paid interest the rate of 5 per cent per
profits derived from lapses, cash surrenders the appetite, and the digestion, promotes discounted etc or in other words from the assimilation, and enters directly into the losses of other less persistent investor,
What is the capital of the Corporation? What the reserve fund? These are subjects that any investor should know. If an invest ment company if allowed under the laws of the territory of Arizona to begin what amounts practically to a banking, institu- tion without any capital with which to meet current expenses, then the registration at the American Consulate-Ge eral is very mislead ing to the Chitiese; for many of my Chinete Tricods now consider that the seal of the American Consul is all that is required. Your esteemed journal in the past has always heen open to impartial referedco to questions that affect the welfare of the Chinese and the reputation of foreigners in China, and I, there fore, request, with all good feeling to the annum, and all surplus profits earned from Corporation, that full publicity be given to the interest, cash surrenders discounted, lapses, exact responsibility attaching to the registra partial paid-up bonds, fints and transfer tion that has been made at the United Sintes-fees, issued in excess thereof.". On the Consulate General and inclusion of a United next page thrie, is a slight inconsistency, as
In conclusion, we may poins out that, a though the scheme now introduced to Shangbai
circulation with the food. I consider it a mar velous success in medicine." Every dose. effective. "You cannot be disappointed in it.
Bazaar States Consular Official on the Advisory Board. it is stated, that the company guaranices by the China Investment Corporation is new to Sold by chemists.
ANIMALS
POWELL'S
BAZAAR
DOLLS
50 CENTS TO $19.50 EACH..
POWELL'S
I am, etc.
The reason for my asking these questions is to the purchasers of its bonds an equal divisipa to avoid all possibility of an occurrence of the of surplus profits in excess of 5 per cent," as eature that happened a short time ago at Can-"the bondholders, who furnish the money, are loa (and with which you are no doubt ac- justly entitled to participate in the legitimate quainted), resulting in serious loss of prestige profits made from their own, money, invested to the foreigners in that city; and the fact that jointly with the company's money." From I know that the U. S. Judge Willey upon be. this it would appear that the company shares in the profits, though there is a cerisin vague ing written to about the said Corporation re- plied that he was not in a position to give any ness about the phrase "the company's money" ns no paid-up capital is mentioned either in information,
prospecitis or on the bond itself, though wa understand that the Corporation has a small capital. The plan of the co porat on may be summed up then, as follows;..The investor pays 134 instalments of $5 a month, and in. return receives a fiond, which at the expiration of that period has a guaranteed value of $1,000, Shanghai, December 2.
Considerable emphasis is 1id upon the profits In reply to our correspondent we would state to be derived frons eash surrenders discounted, that the inclusion of the United States Vice-lapsed, etc., and it is asserted that" naturally Consul on the Advisory Board should constitute earnings from these sources are greater than ‘a sufficient guarantee of the bona fides of the the interest itself." Corporation; but in view of the interest, attach-
胡彥卿
Woo YIN-HING,
德厚觧號
TACK HOW CHÀNG & 50.
N. Srechuen Road.
The anal-gy drawn between the business of
the Settlement, it has appeared before in va rions guises in America and Hawaii, where, unfortunately, it has been brought into bad repute by the speedy collapse of each concern, entailing serious losses upon the poorer class of investors. Hence the necessity imposed upon the China Investment Corporation of safeguarding its clients by the most careful attention to detail in its bonds and prospectus.
4.F
To Let.
TO LET.
.
·ROOMED. HOUSES in GAP Road near. the Race Course within easy access to the Lower Level Tramway. Rent very moderate. FLATS for Europeans in WILD DELL BUILDINGS, No. 147, Wanchai Road.
Apply to
PERCY SMITH & SETH. Hongkong, 16th L'ecember, 1907. [1097
TO LET.
or partly furnished.
Apply to-
C. L. GORHAM,
3. Pedder's Street.
[1048
ing to the new departurs in local investment the Corporation and that of a life insurance CROWSNEST Backer Road; unfurnished business introduced by the Corporation, we cmpany, hardly applies; the principles in- have acceded to pur correspondent's request |volved are entirely different. It' is quits' pos- and append. below an analysis of the Corporasible, as stated in the prospectus, that the New tjou's business. It is to be feared that our cor. York Life Insurance Compiny paid one of its Hongkong, and December, 1997. respondent's contention that Mr. Claud's posi-policy-holders $53.18 on A twenty-year tion on the Advisory Board is calculated to give the Corporation a semi-official status in the eyes of many Chinese is only to true; but we feel sure that this aspect of the situation was overlooked when Mr. Clout was allowed to
in the Board.
The China Investment Corporation has recently begun business in Whiteaway Laid law's new building. in Nanking Road, where it accupies commodious and well-furnished premises According to the prospectus its officers are: Messrs. It. J. Black (President), CR.. Bennett (Vice-President) and Bernard Lichtig, formerly acting Governor and Secre tary-Treasurer of Lepanto Bontec, P. 1,Secre- tary-Treasurer), The Advisory Board is com- posed of Messrs. F. D. Cloed (Ú, 5. Vice-
endowment policy for Sropro. The premium paid is not stated, but it may be pointed out that whereas a man, who at the age of 21 takes out an ordinary policy for $1,000 in Amarica has only to pay $19.61 per annum, in per- mium, if he elécis to jako a twenty year endowment policy with profits be has to pay $50x7 per annum. His premiums during the duration of the policy will have amounted to $1,001:40, and it is quite possible that the accrued profits will amount to 50 per certif the face value of the policy. Its difficult io, see the relevancy of the statement that the Corporation suffers no loss by death. Every insurance man knows that there is a definite charge in each endowment paymeḥt to cover the cost of insurance, or in other
Appl
TO LET.
FFKES on TOP FLOOR, No. 2, CON- NAUGHT ROAD, facing the Gricket Ground.
'HATHERLEIGH, Conduit Road, A HOUSE in Clifton GárdENS, Cor:
doit Road. OFFICES is YORK
BUILDING GODOWNS in PRAYA EAST, BLUE BUILDINGS, and No. 16p. Des VŒUX ROAD next to the Hongkong Hotel... FLATS in Moreton TerkACK,
THE HONGKONG LAND INVEST.
MENT & AGENCY.CO. LD Mangiang, 1st December, 1907. ̧,“
BAZAAR Consul, Shanghai), H.E. Tong Yuen-chan words to pay for the death losses that occur. A
GAMES
POWELL'S
TO: LET. "
KOWLOOM.
1626
COLD STORAGE.
5:
THE HONGKONG ICE COMPANY COLD STORAGE available at EAST, POINT, LTD, have now 40,000-Cubic feet of Stores will be Open at 10 AM. and 4.M daily Sunday excepted, to receive and deliver perishable goods, -
WM PARLANE, 4. Manager. Hongkong, sind inne, vode.
THE “HINA PROVIDENT - LOAN "AND
MORTGAGE CO., LD.
(CAPITAL PAID UP....................$1,000,000.). Loans on Morgage of House Property, &c Goods received on Storage....... Advances made on Merchandise. Loans made on the Provident System.
(Rates and Particulars os application).
THE OFFICE OF
·TRUSTEE, EXECUTOR OF WILLS,
ATTORNEY, &c," a Undertakes and Executed.
SHEWAN, TOMES & Co., General Managers, Hongkong, 2nd December, 1907.
Don't Worry,
Is
Best FRENCH CONFECTIONERY
and LIQUERS.
INSPECTION SOLICITED, Hongkong, agth November, 1907.
PABST BREWING COMPANY,
MILWAUKEE, A
71
FRESH SUPPLIES. ALWAYS KEPT IN STOCK
Dy
SIEMSSEN & Co..
Agents for
HONGKONG & SOUTH CHINA. Hangkong, 29th July, 1907, -
GREEN ISLAND CEMENT COMPANY, LIMITED.
PORTLAND CEMENT.
In Caaks of 375 Ds. Bet $5.00 per Cask ex-Factory. In Bage
ago B. net $8,00 per Bag
ex-Factory,
·SHEWAN, TOMES & Co.,
General Managers.. Hongkong, 3rd October, 1907, ||
LEE YEE HAIR DRESSING SALOON,
HAS ALWAYS ON HAN CIGARS, CIGARETTES
AND
TOILET REQUISITES FOR SALE,
13, D'AGUILAR STREET, HONGKONG.
Humekong, 3rd September, 1907.)
Don't Worry.
WHY WORRY?
CONSULT
PHAROS.
THE MYSTIC AND MODERN ASTROLOGER
YES, WHY WORRY?
1800
About your Business, Health, Pleasures, Friends Abroad, your Love Affairs and Chances in Life,
Yes, Why Worry? Consult Pharop. He is able to advise you, Console you and Warn you, Hii ambition in this life is to help those in troubie, sad must not be classed with the rap of
HOUSE in KNUTSFORD TERRACF Palmists who use their Supposed Gifts to make money. Pharos in independent of this.. Wifi. ing and able to help all in trouble and relieve their anxiety to the best of his ability and experience. Apply to
PHAROS HAS A MESSAGE TO YOU.
THE HONGKONG LAND INVEST. MENT & AGENCY À 0, LD. ' Hongkong, 1st December, 1907.
TO LET..
NO. 11, SEYMOUR ROAD,
With possession from.tst December next.. Apply to~~
(Viceroy's Delegate in Shanghai H.E. Sie This charge is quite distinct from the invest Shao-teng (Conimissioner of the 5. N. Railment ponion of the premium. The deposits way, Capt. Walter Kirton (Proprietor of the made with the Corporation are in the nature of "Saturday Review") and Baron Juler -del | irust funds, which, in most countries, "are-sub- Marmol (Comptoirs Lamquet). The Trustee, ject to stringent Government supervision,
Mr. W. A. Heha of the Banque Sino-Belge... There is considerable ambiguity to the Cor which bank acts as the Corporation's bankers, portion's bond itself, notably in the oomis and Mr. A. E. 1gar and Mr A, R. Leake are, sion to state in what dollar currency the bord estate appraiser and auditor, respectively. is payable. The conditions under which the The Corporation is registered under the laws bond is issued are printed on its reverse. la of the Territory of Arizona and the frontispiece the first paragraph a reserve of frco,000 makes of the prospectus is a U. S. Consulate certificate its appearance, which is to be deposited with to the effect that the Articles of Incorporation the trustee' when the Corporation's liabilities have been filed at the Shanghai Capsulate exceed that sum. But it is not stated where General-a formality that has no special sigut this zum is, or in what currency, and the para ficance.
graph, as worded, leaves investors to infer that NO, 38, CAINE ROAD, they have po security until the Corporation's Nabilities have reached that figure!:
The Corporation was registered at Phocaix, Arizona, before Mr. J. E. Page, on October 18, | 1906. The incorporators wese Messrs, M. W, The third paragraph pave the way for the Lorraine and RB, and O. E. Schups. The assumption that no accounting is given of the articles allow of considerable latitude in the first eight months' instalments of each investor. BAZAAR bess to be carried on by the Corporation. As far as can be gathered from the word-
The capital stock of the Corporation is stated ing only thirty-five per
FANCY GOODS
166
THE COMPRADORE DEPARTMENT, Jardine, Matheson, & Co., Ltd.
Connaught Road Central. Hongkong, wind (ctober 1907
TO LET...
f940
AUCTION ROOMS, No. 2 ZETLAND. STREET.
No. 2, FAIRVIEW, ROBINSON,Road,
Apply to...
Kowloon
You are anxious to put your sód to a business that will prosper. Will-your daughter be happy in her married life? You are in love. Hiva I made a wise choice in mate? Shall I take a partner into my business? Should I be wise in going abroad?. All these questions Pharos can answer and advise by the aid of astrology. Why not put this to, the test. Saïd P. 0. valus 1/- and addressed, stamped envelops to...!
PHAROS, DEPT. 14; 45 UNION STREET, GLASG JW with your Birth Date, Full Name and Title and fown or County of Birch af possible, ipa receipt of same Pharos will send you a written Test Horoscops.
With the above Pharos will send you FREE & WRITTEN FORECAST OF YOUR FUTURE,
PICTORIAL POSTCARDS.
100 ASSORTED Scotch, English & Irish Views, cọc, for 1/6,
1,000 and Comic Cards for 15}',
LEIGH & ORANGE,"
I, Des Voeux Road,
[912 958]
cent of the Hongkong, 16th October, 1907,
As $1,000,co> Gold, divided into 4,000 shares of instalments paid, after eight months, 5250 each. According to the articles the per placed in the bands of the trustee j 'forty mitted liability of the Corporation, direct or per cent alio after eight months, is to go to the contingent, is limited to Szed,000.
redemption fund.. At this point attention must
Our correspondent refers to a certain incident
at Canton. The allusion, apparently, is to the
TO BE LET.
UITABLE OFFICES, in No. 7, PEDDER STREET. Two very spacious, bright and
be called to the fact that there is only one uiry Rooms. Ren moderate. trustee; where large sums are involved tis
Paragraph 7 is so loosely drawn that it seems impossible that the Corporation intende it to operate as it reads. Alter dealing with tapies, and the terms under which, within six m'aths, the investor can be reinstated, it
Apply
Hongkong, 4th December, 1907,
Clo Hongkong Telegraph.
O
TO LET.
5, MORRISON HILL. ONE FOUR-ROOMED HOUSE, PRAYA EAST, near East Point.
Actresses, Sangs, Animali, LoveM
· English and Continental Actresses hand tinted real glossy Photographs 15/- per CHRISTMAS & NEW YEAR CARDS well ASSORTED pacel.
100 Cards for sf- Value id, 2d, 3d, ¿d and 6d'earb.
500 ASSORTED Cards for 20
gross Jewelled Cards for 9/
Foreign or Colonial Stamps not accepted. Kindly send Mandey Order,"
BRITANIA POSTCARD Q0., 45, Union Street, Glasgow."
Frodo
EYES
| dnings of an American Company at that port,sual to have at least three,
which, acting on the advice of the Attorney, From the fifth paragraph it is clear that the General at Washington the American Consul interest, at five per cent which investors aro General at Caxitou closed a short time ago, This promised upon their instalments, is charged Company was managed by a Mr. Edwards. A | against the redemption value of their bonds, so notice was posted on the building occupied that, if they accept it, they suffer accordingly. by the company, stopping it from farther busi ness, and its looks, archives and money on hand were seized for the beseft of the certi: ficats holders. Judgement, in default, in the sum of several thousand dolla's with costs, was given against the company, in favour of car goes on to provide for the Issue of a paid op tain Chinese. Only a small proportion of the bond to those who, after twelve monthly pay. Indebtedness was ever recovered. Within the masts, desire to discontinue their Instalments. HOUSE No. 5 ROSE TERRAOF, BUILDINGS.past year Mr. Edwards has approached. A table of paid-up values in referred to Thir
several prominent residente in Shangbal, with | table shows that if, at the end of ten years, a scheme for the formation of a concern to 'baji inwestor desires to cease his montkly payments, run on similar lines to the Chiex lovestment he will be givan a paid up bond for $489,
POWELL'S
ALEXANDRA
Hongkong, gib|December, 1907;
Apply to
JARDINE, MATHESON & Co., LD, Hongkong, 19th October, 1927,
(933
TO LET.
RIGHT!
N. LAZARUS, OPHTHALMIC OPTICIAN,
8, PEDDER STREET, HONGKONG,
TILL test your eyes free of charge, and if they are wrong will put them right.
Leuses, Ground All kinds of Repairs": Spectacles for all requirements,
Ask, or write, for Illustrated Booklet on "Defective18ight
by Hongkong, 27th November, 190E
JOALGUTTA,
59, Bentinck Street
W
Kowloon.
Apply to
Liku
COMPRADORE,
Dairy Barretto & Ca ongkong, Tath October, 1907,
12, John Street, Bedford Row, WA