THE HONGKONG TELEGRAPH WEDNESDAY APRIL 26 1911
to justify this hope. The years 1007 and 1908 were bad divisible balance for the year is ones in the insurance world, in $337,782.87 which we recom- particular the year 1908, but this mond should be appropriated as society has nothing to fear from follows:The paymont of a final; the closest investigation. In mak- dividend of $20 per shure, the ing calculations us to the position ddition to Sterling Reserve Fund of the Union it must not be forgot of $10,000 and the carrying for ten that the Assets of the affiliat ward of the balanco to Under- | od Co, the China Traders must be writing Suspenso Account...
On the motion of Mr. Smyth, seconded by Mr. Testor, Messrs. W. Hutton Potts and A. R. Lowo woro roolected auditora,
The Chairman-That's all the business, gentlemen. I thank you for your attendance.. Divid- end warrants are now ready und can be hind in the usual way.
THE CHINA TRADERS'
1 taken as being Assets; of the The figuron for 1910 are quite Union. So far as I can learn this satibinctory, showing as they do a was not done by the North China
́INSURANCE do., LTD. stondy increase, and your Direwhon examining into the Union
Immediately after the first tors feel that they are quite offor. An alleged for instance union. justified in recommending the loss and expense ratio over a four mooting, another meeting of payinent of an interim dividend year period of 95 1.2 por cont. is sureholders in the abovo Com- of $30 per share and a bonus of casily seen to have boon based on pany was hold in the samo office, 20 por cent. on contributory incorrect data and imperfect the same Directors being at tho information. Exact figures of tablo. Others present were:- business,
union business is not at my cot-Messrs. A. 13. Rouse, J. M. Car-
You will be glad to hear that
ADMIRAL TOGO WARM- LY CHEERED BY JAPANESE CREW.
THE SUBMARINES.
TAKE A TRIT OUTSIDE
THE HARBOUR.
To-day's Advertisement.
The three submarines which TOYO KISEN KAISHA
have been added to Hongkong's NOTICE TO CONSIGNEES.
The Kamo Marul Hongkong about ten o'clock this morning and passed the Kaga Moru of tho Nippon Yusen Koska lind, which has arrived from London. The sailors and a large number of Japanoso passengers lustily cheorod the Admiral, who, how- ever, did not appear to answer two officers, and the crew of ong
HONOUR WHERE HONOUR IS DUE. We have to apologise to two of inadvertently made a mistake in our daily excerpts from their leading articles.
naval strength left luarbour yester- day for a trial divo outsido, and returned this afternoon after vory successful exercise.
Each carrios fourtoon men und
FROM SAN FRANCISCO, HONO
LULU and JAPAN PORTS.
HE SConship
"AMERICA MARUJ!! The abovo named-stoomor having arrived," Consignoos of: Cargo and horoby notified to send in thoir, Bills of Lading for countersignature, and to. take immediate delivery of Cargo from
of thein novor left their craft the whole way out froin Portsmouth..
The arrival of the little vessels was.cigerly watched by a large number of residents to-day, in-longside. the Governor at the luncheon at Government House in honour of
SATURDAY, 20th April, at 6 pan. 1911, wil he Innded at Consignoos
while giving shareholders and nnd but I aps in a position to. _vallo, G. M. Cunha, V. S. Rome-our contomporaries_for_laving-vluding many of the guests of Cargo Temahiing undelivered" on
give these comparative figuros. dios, A. E. Alves, J. A. Carvalho, contributors full consideration we The percentage that chargos bare. A. Turros, J. Gardiner, A. R. lii've not forgotten our stato prenivm havo been secortained Lowe and C. Montague Edo through whose unromitting efforts. tho Society maintains its premier position. We have voted a bonus
of la por cont. of a year's salary.
to be
Union
1903 16.31 por cont.
to the Provident Fund of each | Chinn Truders... 23.13 momber who is in our sorvice on North China..... 25.47. the 30th of this month.
Before proposing the adoption of tho roport I shall be glad to know if any sharaljolder wishes to ask any questions,
There being no questions, the Chairman proposed that tho re- port and accounts as presented bo adopted and passed.
Union
1909 ..... 14.95 per cent.
-2 per cent. China Traders .... 14.95 -8/0 North China...... 30.50 -4/0
(Secrotury).
The notice convening the meet- ing having been read by the Secretary,
We credited the “China Mail" with an expression of opinion ou the currency loun question which The Chairman said Goatle-in reality is to. be attributed to non,I'will, with your permis- the Morning Post." son, take the report as rand. It! The "Chinn "Mail" draws, our
H.B.R. Princo Chakrabongs,
COMMERCIAL'.
SHANGHAI SHARES.
risk and oxiron and delivory inst then be taken from Company's Godown. No Fire Insurand wintorer will Do offccted.
No Chims will be recognized after the Goods have left the Blohmor or Godowns, and all Goode remaining The quotations on the Shang-Mer, aftomoon, will be subject to undelivered on THURSDAY, 4th
compares favourably with that attention to the mistake, and wo hai Stock Exchange on the 21st rent and landing obangos.
published last year and shows in increase in the divisible bal- ence which we propose to deal
apologise to both it, and the
'Post."
Sir, it is not necessary or with as follows:-To pay a final; REMARKABLE GUNNERY.
is the place to go fur-dividend of $4 per share on ac ther into details of misundor-count of 1909, making $7 for
were as follows: Maatschappij, ote in Langkat,
Ld. Tls. 100 cash. Sungala Rubbor Tls, 3 caslı, Chong Rubbor Tls. 3.1-2 cash. Padang Rubber Tis. 7,00 cash. Chemor United Rubber Tis. 1.60
· cash.
All clafod and otherwise damaged cargo to be left on board or godown. and examination of same to be arranged. All daimi must be filed on or before Moy' 10th, 1911, otherwise they will not be recognized.
K. MATSDA,
Agent
Intimations
BUTTER
5
OUR "DAISY" BUTTER is the finest quality Table Butter imported.
We stock tires other brands
at prices to wit
The Dairy Farm Co., Limited:
POPULAR
'ASAHI" BEER
In seconding the above motion. make clear the reasons and the to make an addition of £10,000 to new Dreadnought hattleship Bukir Toh Alang Rubber Tls, 4] Hongkong. 26th April, 1011. [1088 Noto our Price $12.00 per case 001
Mr. Harris said
Six, riso tu second the re-
Neptune, in the designing of which Admiral Sir Percy Scott aul Messrs, Vickers, Son and Maxim were concerned, and Sir Percy Scott was on board all through the trials.
.ensh.
Anglo-Java Estates, Ld. Tls. 0.3-4
cash.
Kota Bahroo Rubber Tis. 6.3-4
cash.
An entirely new system of standings and errors in order to that year. Wo further propose gunfire control has been fitted to value of tho offer made by the to the Reinsurance Fund, which Union to the NorthChina. Speak will then stand at over £40,000, solution and before formally doing in 1907 Mr. D. R. Law, whom two-thirds of our paid up capital; ing so I may be allowed to make any of us iniss in longkang the balance of $225,358.90 we for remarks. These remarks Raid "I would further congratulate propose to carry forward to - the Directors for the absorpderwriting Suspenso Account, naturally arrange themselves un- Bordured heats. The report is tion of the China Traders Marine which sati is ostimated to be Insurance Society; controlled by
cash. more than suflicient to moot all the main advantages claimed vory satisfactory, one and on? Thanks are due to the Board and us both Companies will greatly possible losses which may arise for the new system are that by it the secretary for the able manor benefit in every way and on 1909 account.
greater accuracy of control and in which the business of the Un- think wo muy look forward
rapidity of fire are obtained. A on has been conducici, ability which has again boon crowned crousing prosperity."
as far as we can guigathesiuntion conditions, but with unvarying minm as well as in interest, and was carried out under varying with success.
the year seams likely to be a very success. The big guns register favourable out and we therefore ed two hits to every three shots, have no hesitation in recommend und wore so accurate that no ship ing the payment of an interim afloat could have withstood their dividend of $4 per share and a fire.. bonus of 20 per cent. on contri-
It is gratifying to leah liat so widely are bur roots spread and such a firm hold have they takon in the vast fold of insurance that the future can be faced with confidence. The magnificent reserves wo have
built
As regards 1010, there is a
to an ora of continue and instantial increase in not pre-long and exhaustive series of tests
Sir, those
There were no questions. The Chairman proposed the and adoption of the report accounts.
forecasts have been amply verified since the year in which they were mado. May we not use similar language to the prosperity to union of the North Chinas with ourselves? Amalgamation, Sir, think, must, come; the com- in conformity with the hot interests of Far Eastorn butory premium. -up, the policy so repeatedly urged in residents demand it; the no- this Board room have been add-ture of present day business ed to and we carry forward a very handsome, sum. Our Directors. With reference to your remarks, „sir,... upon combination improved ratos it is interesting to noto what the Chairman of the Yangtze Insurance Socioty of Shanghai has to say on the topicin hisrecantspeech. It is also with pleasure I am sure we lear that the cold water douche of last your's upcoch has not been re-
and
methods prasses for it. If the policy underlying the afiliation proposition is a sound one, mid there has been no attempt minde to prove that it is unsound, it is for shareholders to move in the matter, Wo all valuo socurity well as well as poor shareholders, and good dividends, Direcurs as think we may thank the Direc tors for the interest they show in our business.
Mr. Forbes seconded. Carried unanimously.
Directorate.
AN INTERESTING CASE.
JUDICIAL DECISION ON LEGAL TENDER AGAINST STERLING.
Mr. Justice Ebden's decision in
Mr. Ede proposed and Mr. Rouse soconded, the re-election of Messrs, Siobs and Balloch, to the the case of Joaquim and Co.,of pur, against Mr. N. Knight, of Jebong, settles the vexed question of what is legal tender against sterling in
Carried nem coll.”
On the motion of Mr. Carvalho, seconded by Mr. Conlin, Messrs.
Senawang Rubber. Ths. 37.1-2 Shanghai-Molay Rubber Estates,
Ld. f. p. Tls. 2.35 cash. Siak Indrapoora Rubber T'ls.
3.1-4 cash, Cathay Trust Co. (0.&. P.) Shanghai Gas Co., L. Tls.
9 carli.
cash,
NIPPON YUSEN KAISHA.
NOTICE TO CONSIGNEES. FROM EUROPE, COLOMBO
AND STRAITS.
THE Company's Stonmship KAGA MARU,"
Tls.aring arrived from the above ports, Consignees of Cargo are hereby inform ed that their Goods ara being landed
105
Shanghai Mutual Tolophone Tis.
65 cash. Electric Construction £6.5.0 cash. North-Ching fosurance Tls. 155.
1-2 cash.
Shanghai Municipal 6 por cont. debentures 1903 at Tls. 102
casli.
Shanghai Land 6 per cont. doben turos 1902 at Tla, 102 cash. Shanghai Waterworks 6.
por cent. dobontures 1009 at Tls. 104 cash,
taining 4 dozen quatis or 6 dozen pints. Hongkong, 7th April, 1911.
To-dsay' Advertisements
[B
NOTICE TO MARINERS,
HE Coast Instastor, Maritime Customs, Shanghai, roporis a and placed at their risk in the Hong- STEAMER SUN in the following kong and. Kowloon Wharf and Godown position -
Company's Godowns at Kowloon, Elgar Island boating S.S.W., dis- where each consignment will be sorted tango 4 Miles. out mark by mark and delivery onn. baj
C. W. BECKWITH, obtained as soon as the Goods are
Commander,..., Harbour Master, &a.
Inndad.
Optional goods will be carried on Hongkong, 20th April, 1911... [ 1080 anlass instructions are given to the contrary beforo Noon, TO-DAY.
Goods not cleared by the 3rd) May, will be subject to rent.
No Fire Insurance has been effected.
"MOGUL" LINE OF
STEAMERS.
Damaged packages must be left in the NOTICE TO CONSIGNEES, Godowas for examination by the Con- The Steamship "PATHAN signee's and the Co.'s..representatives |
at an appointed hour, All claims must FROM GLASGOW, LIVER- The Pioneer's". London cor-
bo prosented within ten days of the respondent wires that as a result steamor's arrival here, after, which dato of protests in the House of Com-wil be admitted after the goods have
iloy cannot be recognised. mons against a new Army order left the Godowns.
poate and that shareholders As to the money value of the Jeffries and Lowe were re-elected Perak, states the "Perak Pioneer." requiring officers to buy an ex-
inay look forward to a bonus in addition to the dividend when conditions warrant its distribu- tions, limitations that I hope will be liberally interpreted. A silver dividend in the terms of a 28. dollar would not como amiss us a beginning.
Union offer1 bolieve that that offer was mado from calculations bncod on the results-of-the Chinu Traders algamation. It is not to secure North China funds that the Union made its offer but to place the two Sociotics, us nifiliat of Societies, in u strong and I plus is so one can but ex-impregnable position. This So- pross the hope that a further ciety wishes to give to the Bleight of hand next year any North Chinn shareholder the agreeably surprise us, I notice that
auditors.
The Chairman-That's all the business, gentlemen;
·
SUPREME COURT.
CRIMINAL SESSIONS.
The case was continued to-day before the Chief Justice, Sir Fran- cis Piggott, in which U Tak and
fullest value for his shares that Chi Kung Shun wore indicted for the ecounts for 1910 lump to- they can be made to realite. Will demanding money with menaces.
gether the mounts due to sundry
is
The facts of the case were briefly as follows:-Mr. Knight through the agency of Joaquim sold two of his rubber estates for £41,000. Upon completion Joaquim and Co. contended that us the Bank rata of exchange was 28. 1-1.4d. they had the right to settle at that rate.
Mr. Knight, on the other hand, contended that they must either pay him £41,000 in gold, or Bank) of England notes, or give him a sufficient number of dollars to
argument, His Lordship gavo judgment for the defendants with costs of action. Plaintiffs' counsel gave notice of appeal.
No claims
NIPPON YUSEN KAISHA.
pensive sash for review occasions, Hongkong, 20th April, 1911.
the order has beau withdrawn.
mission is expected to visit A special Japanese military Germany in May.
Co-day's Advertisements.
Y..
NOTICE,
Signature Slicota bave been sent to
Any Brother not being on the Roll
the several Lodge of the District.
of one of the said Loigos and who is desirous of rigning the Address may do WAL: L., or at the Masonio Hall on so by applying to Masura Kally and
[5
UNION INSURANCE SOCIETY OF CANTON, LIMITED:
NOTICE TO SHAREHOLDERS.
A
POOL AND STRAITS
"ONSIGNEES of Cargo are hereby
C
informed that all Goods are being landed at their risk into the Gedowns of Hol's Wharf, at Kowloon, wkenen and/or from the wharves delivery may.
obtained.
No claims will be admitted after the Goods have left the Godawns, and, all Goods remaining undelivered after the 3rd prox. will be subject to rent."
All claims against the steamor must FINAL DIVIDEND of Twenty o prosented to the Undersigned on or Dollars per Shara for the year before the 26th prox. or they will nos 1909 and an Interim Dividend of be recognized.
Thirty Dollars per Share for the year All broken, ghafod, and "da.naged 1310, will be payable on WEDNES- Goods are to be left in the Godowar - } DAY, tho 26cli instant.
|where they will ba oxamined on the
or before FRIDAY next 28th inst.
longkong, 20th Apell, 1911. [1085) NOTICE TO CONSIGNEES... FROM CALCUTTA, PENANG AND SINGAPORE. TE Steamship
HE
that date.
י:
Warrants way be hind on Applisation | 3rd prox. at 3 p.m
No Fire Insurance by boon effected. 'Bills of Laling will be ouunter- By Order of the Board,
signed by C. MONTAGUE EDE Hongkong, 26th April, 1911. [1081 Hongkong, 26th April, 1911. [1081 DODWELL & CO., LTD., Secretary.
Agents.
THE
SORROWS
OF
SATAN
not affiliation increase this value? The charge prose out of an un-purchase, that number of over- I am sure that if after amalgatus-successful prosecution of arelative cigns, and declined to sign the PERMISSION, on Address at the Office of the Society on and after debtors with branch and agency
will be presented from the Free- balances which have hitherto been tion, supposing it comes, it wore of one of the prisoners, who had transfer unless they did so. They uasODN of Hongkong und Bouth kopt apart. I suppose there is found that the present book assots been accused of robbery but was yielded to his demand, under China to LIS MAJESTY KING kopt aporttien son for this. of the North China prove that ita discharged. According to the case protest; and the present action GEORGE Y. on the occasion of his My second heading, Sir, of course shares are worth more than the ofthe prosecution thetwo prisoners was brought by them, to recover Commation. concerns the offer made by this figure proposed by the Union-for had then demanded money from the odd farthings which amounted society to the North China Jait must be remembered that debts the originator of the abortive to $3,000 odd. Mr. Wright surance Company. You have just and outstanding claims take a charge. Pulico evidence was given, Motion appeared for the plaintiffs told us that the matter is at a long time to come in and to as to the results of watching a and Mr. P. R. Bowlett for the
up that in such a ond, the offer having been rofused close
meeting between the parties when defendunts. Mr. Motion argued the Union wonld I money was demanded and a prof-that the contract should be con- by the sister Company. But, Sir, if caso the reasons which prompted the hope be willing if requested to fered sum refused because it was tinued by the law of custom, offer were good and sound onosu promise to make a further pro not enough.
allotment. Union
which, he suggested, followed tho rejection, based perhaps in part on rata
The defence was that the money bank rate. Mr. Howlett rolied on bolief that the terms offered wero strength: a sound and well-was not demanded but offered by the Legal Tender. Act of 1898, suflicient, does not make them loss known motto is it not that of the complainant to compensato which made sixty dollars legai sound. And if the elimination of the Shanghai Municipality is the prisoner U Tok for theexpense tender for 47, 1.e. 28, 4d. a dollar, "tria juncta in uno" and may ho had been put to in defending in the State of Perak After some competition and the reduction of working expenses, only possible this be the guiding motto for the lis (prisoner's) nephew from the under existing conditions by futuro consideration of the North charge of theft. amalgamation, are desirable in the China and Union cum Trader My interests of our joint businesses, Companies shareholders. and in view of the peculiaritiesand third honding, Sir, is to endorse risks of insurance work in the on behalf of the shareholders the world, I am inclined to doubt if Directors' grant to the provident the matter can' or should rest fund of the Union staff and to whore it now is. Shareholders in convey to them onoli and all our the North China are disappointed thanks and our congratulations. that the terms of the Union offer As we are now a University town' and the grounds upon which it was we may sponk in the language of refused were not notified to them, the schools and in that language It does seem somewhat extra- the past year may bealmost called ordinary. I believe that there has an alpha plus and your staff been some considerable misunder-fully deserve what we can give standing as to the objects and them. I bog, to second that the value of the Offer. It appears to report and accounts be accepted liave been thought that the Union and passed. was in a bad way, and was in Mood of North China reserves. That this Union could not koop up its d dividend and that generally we headed bolstering up and so forth, Sir, It is admitted that the
The motion was carried un animously,
Mr. Dunbar seconded, the re- Mr Robertson proposed and election of Messrs. Siebs and Balloch as Directors."
Carried unanimously,
A SALUTARY SENTENCE.
The jury roturned a unanimous verdict of guilty against boil prisoners.
UTak wassentenced to eighteen
months and Cham Kung Shun to two years, with hard labour in each case.
The Board of Foreign Affairs has telegraphed to the Canton Viceroy that two officers of the United States army will soon pay a visit to Canton and review the local troops.".
Mrs. E. C. Wilka has decided to savor her connection with the
**LIGHTNING," having arrived from the store ports consignees of cargo are hereby informed that their goods will be deliverad from elongalde.
ar East and proceeded home to-day by the Kano Maru. Cargo impeding the discharge will be landed at once, at consignees risk The naval correspondent of tlie and expense.
"P. M. Gazotto” says:—After a. Cargo remaining on board after 2 while Ceylon will be able to pm of the 28th inst, will be landed at "aponk" to Singapore, India and consigness' risk and expense, Egypt by means of the "wireless" Coralgness of Cargo from SINGA- system wherewith we are girdling PODE and PENANG are requeste the earth. A new station is to be to take IMMEDIATE delivery of their erooted in the south of the island goods from alongside, sach cargo im Mr. D. Landale, who left and equipped with a powerful peding the discharge of the Vostel will Shanghai for home, presented to long-distance installation Thee landed and stored at consignees
risk and expense.... the S.. Police the well known advantage of bringing Ceylon into crack performances to his credit, other parts of the world in this by race pony Cotswold who has gone constant communication with among them being the winning way is so obvious that it needs no three years in succession of the emphasising. Its benefits will Grand National Sweepstake, not be felt by the Navy alone,
No Fire Insurance has been effected.
the undersigned,
· Bills of Lading will be countersigned
DAVID BASSOON & CO, LD,
Agenta Hongkong, 8614 April, 19114: 11082
would have been much less if he had
only used
CLUB WHISKY."
H, PRICE & CO. LTD.,
20110
12, Queen's Road Central, Hongkong ;
and
63, Haiphong Road, Kowloor"
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