THE HONGKONG TELEGRAPH FRIDAY APRIL 28 1911
lity of such a riso will be vastly ported to have donb, warned increased should the Declaration of Hongkong against wonding ston- London finally bo ratified, for inmers to the Shameen. Undoubt that case all neutral vessels carry-odly the City of Rams in thickly ing food or other conditional con- impregnated with dangorous traband to our ports will be ex-revolutionarios, who will stop at posed on the high seas to the little to gain their onds. "We same risk of capture or sinking as may congratulate ourselves on will naturally affect British mar- chantmen. Starvation at homo and in many Colonies would be the inevitablo result.
COMPANY MEETINGS,
THE UNION INSURANCE
· SOCIETY OF CANTON,
LIMITED.
The thirty-eighth ordinary an- nual mooting of shareholders in the above Company was hold at noun Wodanday in Qacon's Building. Mr. U. 11. Modhurst, Chairman of
to justify this hope. The yoare 1007 and 1903 were ind divisible balance for the year is ones in the insurance world, in $337,782.87, which we rocora particular the year 1008, but this mand should be appropriated as society has nothing to foar from follows:The payment of a final the closest investigation. In mak- dividend of $20 per share, the ing calculations as to the position addition to Sterling Reserve Fund of the Union it must not be forgot of 810,000 and the carrying for ton that the Assets of the affiliat wárd of the balance to Under-ed Co. the China Tradors must be writing Susponse Account
| taken as boing Assels of the The figures for 1910 are quite Union. So far as I can learn this satisfactory, showing as they do a was not done by the North China steady increase, and your firee when examining into the Union to feel that they are quite offer, Annllogod for instance union payment of an interim dividend your period of 05 1.2 por cont. is of $30 per share and a bonus of easily seen to hayo boon based on 20 per cent. on contributory incorrect data and imperfect information. Exact figures of buelness,
union business is not at my eom- mand but I am in a position to give these comparative figures, The percentage that chargos bear
On the motion of Mr. Smyth, seconded by Mr. Toster, Mossre W. Hutton Potts and A. R. Lowo were ro-elected auditors,
158
STEAMER FOUNDERS
IN TYPHOON.
The Chairman-That's all the
SIX PERSONS MISSING. business, gentlemon. I think the steamer Charles Porizat Late news from Manila says you for your attendance. Divid-foundered off Cavite at 5-30 on end warrants aro now ready and Sunday afternoon last three miles can bo had in theʻnsual way.
¦
THE CHINA TRADERS' INSURANCE CO., LTD.
her rights in converting hory. have stood by him in Directora, presided.. Othora pre-justified in recommending the loas and expenso ratio over a four | meeting, anothor mooting of believes them to bo drowned.
of war.
having so strong a Viceroy in power, and we earnestly trust that is. Excollonoy will oscape further outrago at the hands of his enemies. His troops evident- this case and have not beon guilty of the deplorable cowardice sent were Messrs. A. Forbes, E. which disgraced the unfortunate Ormiston, J. W, C. Donnur, C. 1. Tartar Gonetal's escort. We Lonzanun, H. A. Siebs, G. Bal- would feel easier in our minds, loch, Fr. Lieb, G. Friesland, however, were the troops of the (directors), A. B. Rouso, T. F. southern command replaced by mon of the Peiyang army. It is Hough, W. Dunbar, Rov. L. an excellent policy to garrison a Robert, A. V. Apear, A. R. Lowe, disaffected district, with troops of
Germany in perfectly within merchantmen into-ships of war, anch a stop will howover add onormously to the hors Our own, merchantmon would be in worse case than were their predecessor in the good
You will be glad to hear that 'old-days of the privateer and the pirate, while under the Declarn-
while giving shareholders and tion of London our neutrals would
Contributors full consideration we bo so only in nume, or rather in
W. E. Clarke, A. . Coppiù, Jaie not forgotten our staff, to premium-have been ascertained
through whose unremitting efforts to bo so far that they might not re- different nationality or caste, Gardiner, T. Berindongue, Ho the Society maintains its premier taliate. The whole world would boside which the Northern troops Fook, W. Hutton Potts, J. Siems position. We have voted a bonus bo alicunted from us der auch are the finest in the Empire. conditions unless indeed the However, the Viceroy is a capsen, F. Smyth, P. Tester, A. of 15 per cont, of a your's salary China Tradors... 23.13 friendship of our allies was so able and spirited ruler and will Shelton Hooper, A, II. Harris, C. to the Provident Fund of cach member who is in our servico on strong, even without any under-use his power ably and woll. D. Wilkinson, J. W. Taylor, G. C. the 30th of this month. taking to the effect, that they
Moxon, H. Humphreys and C. to war with the power
Montague Ede (secretary). would
go that seized their ships carrying
The Secretary having read the food to us. And this would be the signal for Armageddoni
INDIA AND THE EAST.
(28th April.)
ميلة
The situation, of course, has a direct bouring on Hongkong We have before assisted in the capacity of looker-on at a strug-` gle batioen rival Chinese forces. I notice convening the meeting, This was when the Taipings and
the Imperialists fought forcely at Kowloon and took and re-tool Kowloon city. Eventually thoir war floots wore expolled the Har hour by this government. Wo
SOCIETY.
AGGRESSION OF FOREIGN
The Chairman suid:-Uontlo-
to
men, Before proceeding to the business of the mooting I have inform you that the negotiations for amalgamation with the North China Insurance Company, of
The re-
Before proposing the adoption of the report I shall be glad to know if any shareholder wishes to ask any questions.
Union
1005. 16.31 por cont.
North China... 25.47
"
+
and
out of Cavite. At the time thoro were 20 persons aboard and the lateat information shows six to be still missing. The Immediately after the first buronu of navigation authorities shareholders in the above Coin-One is Mr. John Bovington, on- pany was hold in the same office, Amorioan.
Two other Anerionus, Ordin- the same Directors being at the table. Others prosont were :→→ ance Sorgoant E. R. Noville. Messrs. A. B. Rouso, J. M. Our with station at Fort MoKinloy, valho, C. M. Cunha, V. S. Romo- and Mr. Lostor Porking, of dios, A. E. Alvos, J. A. Carvalho, the bureau of Customs, wore J. A. Barros, J. Gardiner, A. I. rescued after they had flanted Lowe and C. Montague Edo about in the water all night. (Soorotary).
Twenty-one Filipinos have also. been rescued. The cause of the accident is not definitely known as only the barost nows of tho disaster lins boon received; but it is considered probable that the vessel, which plios regularly botwcon Manila and Corregidor, foundered in the severe storm that whipped the waters of the bay into a fury during the late afternoon hours.
The notice convening the moot- ing loving beon road by the | Sevrotary,
and the
Mr. Forbes secondod. Carried unanimously. Mr. Ede proposed and Mr. Rouse seconded, the re-election of Messrs. Sioba and Balloch to the Directorate.
Carriod nem con.
On the motion of Mr. Carvalho, seconded by Mr. Cunha, Messrs. Jolfries and Lowe were re-elected auditors.
The Chairman-That's all the
SUPREME COURT.
Only one survivor of the wreek renched Manila in the early hours
a Filipino who was picked up by Mr. W. J. Shaw of the Atlan tie Gulf and Pacific company at two o'clock in the morning as he was roturning to the city on a company launch.
When rescued he was half mad
from thirst and fear and could not toll a connected story of the sink- ing of the vessel.
The stoninor founlored almost without warning and the passon-
doomed.
THE YOSHIWARA FIRE,
DISTRIBUTION OF LIABILITIES.
It is reported that the repre- sentatives of this various fire in Tokyo on the night of the 11th oflices concerned hold a moeting
inst., and disclosed the liabilities of their companies, in respect to tho Yoshiwara fire. A Tokyo dis patch to the "Osaka Jiji" gives the following as the approximate liabilitios of each company :-
Yen.
Tokyo Firo...... 65,000 Kyodo Fire..... 100,000 Osaka Fire......100,000 Kobe Marine...150,000 Yokohama Tire, 50,000 Nippon Fire..... 50,000 Toa Fire...... 37,000 Naniwa Firo..... 58,400 Meiji Fire........ 70,000 Foreign offices.. 50,000 The Kyodo Fire Insurance Com- pany declares that a portion of the risks taken by it having been re- insured its actual liability will ba no more than Y150,000.
The Chairman said Gentle- mon,-I will, with your permis 1909
sion, tako the report as rand. It Union. 14.05 por cont.
compares favourably with that -2 per cent. China Traders
published last year and shows 14.05 ---8/0 North China...... 30.59
an increase in the divisible bal -1/0
ance which we propose to deal There being no questions, tho is this the place to go fur-dividend of $4 per Blaro on ac- Sir, it is not nocossary nor with as follows:-To pay a final Chairman proposed that there thor into details of misunder-count of 1900, making $7 for port and accounts as presentou standings and errors in order to that year. Wo further propose make clear the roasons and the to make an addition of £10,000 be adopted and passed.
In seconding the above motion, value of the offer made by the to the Reinsurance Fund, which For some tiuic past little or no
Mr. Haris, said:
Union to the North Chins. Speak will the stand at over £40,000, nows, which in this case we may do not want a similar experionco' which you were advised in a
Sir, rise to second the re-ing in 1907 Mr. D. R. Law, whon two-thirds of our paid up capital; tako to be good news, has come now. There is also n word circular dated 11th January last, solution and beforo formally do- many of us miss in Hongkong, the balanco of $226,358.20 wo to us from India, that is, no news of warning to be given to have come to an abrupt ending may be allowed to make said I would furthor congratulato propose to carry forward to Un- of a sensational charactor. Antho Chinese residents of the the Directors of that Company a few rouarks. Those remarks the Directors for the absorpderwriting Suspense Account, attempt or two, unhappily Colony: They have mooted the having refused to entertain our naturally arrange themselves un- tion of the China Traders Marine which sum ja ostimated to be successful and fatal has been idos of holding a huge proces proposal, stating that the Conder three heads. The report is o Insurance Society; controlled by more than sufficient to meet all made to derail trains, but thosion in honour of King George pany was not for sale. very satisfactory one and our us both Companies will greatly possible losses which may arise country in comparison with what on Coronation Day. We think, view of the fact that the thanks are due to the Board and benefit in every vay-and-on 1909 account. las gone before is quiet. The they would do well advised to figure offered was arrived at after the secretary for the able manner think we may look forward As regards 1910, there is a gors and crow barely had time to India Government's roully adabandon the project. It would very careful consideration, we in which the business of the Un-to an era of continned and in-substantial increase in net pre-fit on the life preservers handed mirable policy is responsible for in the first place attract thons were naturally surprised that the ion has ben conducted, ability creasing prosperity." Sir, those mium as well. us in interost, and out by orders of the captain when this. It was firm and whon ands of people from Canton, and negotiations should have taken which has again been crowned forecasts have been amply verified as far as we can gauge the situation he realized that the boot was occasion demanded rigorous, and we may be sure that a largo pro- this turn. It is not, however, for with succos. It is gratifying to since the year in which they were the your seems likely to be a very it has had the desired effect, dospite portion of them would bo of evils to move further in the matter, learn that so widely are our made. May wo not use similar favourable one and we therefore the sentimental ravings of charactor. There is also the ques- but it is to be regretted that a roots spread and such, a firm language to the prosperity to n have no hesitation in recommend- certain class at home, who would tion of plagun to be considered. union of interests could not be hold have they taken in the vast union of the North Chinas with ing the payment of an interim have had us handle an incipient It is extremely prevalent at Can-arranged, thoroby reducing the field of insurance that the futuro ourselves? Amalgamation, Sir, dividend of $4 per share and a anarchical revolution with kid on at the moment, and we cannot percentage of charges all round, can be faced with confidence. I think, must come; the com- bonus of 20 por cont. ou contri- gloves. The dangor, wo think, afford to run the risk of having as it is only by amalgamation The magnificent reserves we have mon interests of Far Eastern butory premium. is not over, and the hugo nation, infection carried to us. For the that the charge ratio can be so built up, in conformity with the residents demand it; the na- There were no questions. the "brightest gomin
present, at least, it is as well that reduced without impairing of this Board roun-have been add-methods, prosses for it. If the adoption of the report
the policy sorepeatedly urged in ture of present day business The Clairman proposed British Crown," is, once more Canton should be put. in Co-ciency. This argument applies on the real path to progress, ventry "by Hongkong and that equally to ourselves, our affiliated to and we carry forward a very policy underlying the affiliation accounts. The leading men of India we should have as little to do Company and the North Chins handsome sunt Our Directors. proposition is a sound
one.. of all castes kuow right woll that with it as is fonsible... It is use-Insurance Company.
With reference to your romurke, there has been no attempt inade independence, for a united India, loss expressing regret again for port has been in your hands air,
ombination and to prove that it is unsound, it is upon is a vain dream, and that it would the troubles that boset China, for some weeks, and I will improved ratest is interesting to for shareholders to move in the only mean the splitting up of We have done so often enough, therefore with your permission note what the Chairman of the mattor.
Wo all value security the country into a hundred, and we can now, while hoping take it as road. You will obsorve Yangtze Insurance Society of and good dividonds, Directors as two hundred, three hundred for a speedy end to those dis- that the accounts are stated some Shanghai has o say on the same well as well as poor shareholders. warring states. "United we turbances, only take such pre- what differently from those of last topic in hisrecort speech. Itiantso I think we may thank tho Direc stand, divided wo fall," and India cautions as will protect us against year; this is done in order to bring with ploneuro Lam sure we hear tors for the interest they show in cannot be united except under their possible effects.
the form more up to date. You that the cold water douche of last our business. stranger power, her people are of
will also notice that the auditors' year's speech has not been ro-As to tho, money value of the Loo many different custos and even
cortificato is also brought up to posted and that shareholders Union offer I believe that that offer nations, most of whom hate sach THE SELF-GOVERNMENT date. The Promium Income for may look forward to a bonus in was made from calculations based business, gentlemen. other. The days of the Great
1909, as also the balance of Work addition to the dividend when on the results of tho China Mogul might come again, but they
ing Account, shows a satisfactory conditions warant its distribu- Traders amalgamation. It is not would come in a welter of blood
increase as compared with that of tions, limitations that I hope to secure North China funds that that would dronch India from
the previous year, despite the fact will be liberall interpreted. A the Union made its offer but to Cashmore to Calcuttu. This the
that the rate of exchange at which silver dividendin the terms of a place the two Societies, as affiliat- Indians themselves recognise and The President of the U.S. sterling takings have been truss. dollar would not come amissed Societies, in a strong and hence loyalty is being steadily ligh Educational Union has paid posed into dollars for the purpose as a beginning
impregnable, position. This So- suggested to the country at large Canton a visit, and is staying with of the report is 1.2d, higher. The If this is solone can but ex-ciety wishes to give to the as the best policy.
he American Consul on the increase in our takings is partly press the hop that a further North China shareholder the India is à source, if loyal, of Shamoen.
The members of the ue to improved trade during the sleight of hand next your may fullest value for his shares that woll nigh immeasurable strength | Caton Self-Government Society period under review and partly agreeably surprise us. Inotice that they can be made to realise. Will to the British Empire. She is have sont the distinguished visitor to advances in rates in several the accounts fr 1910 lump to-not affiliation increase the value? capable of making our sent in the an invitation to a recaption to be directions brought about by con-gether the smonts due to sundry I am sure that if after amalgama East, secure for ever without on-held in his honour at their hall certed action of Companies and debtors with bunch and agenortion, supposing it comes, it were tangling alliances with other tumorrow.
the leading members of Lloyd's, llances which have hitherto been found that the present book assets Powers, for as a British Conoral The guest will deliver a lecture. This points to greater unanimity kept apart. Isuppose there is of the North China prove that its of international reputation once on the critical state of China, the amongst underwriters than hero- some practical reason for this shares are worth more than the of said, there is material in aggrossion of foreign nations, and, tofore, but a great deal Jus still My second heating, Sir, of course figure proposed by the Union--for had then domanded money from the North of India and Nepal the policy to be adopted in saving to be done in this direction before concerns-the-for-made-by this it must be remembered that debts the originator of the abortive business can be considered to be society to the North China In- and outstanding claims take a chargo. Police evidence was given, really on a satisfactory basis. surance Company. You have just long time to come in and to us to the results of watching a You will notice that we have been told us that to matter is at an closo up-that in such a meeting between the parties when able to strengthen our Investmont end, the offer living been refused case the *Union would I nouoy was demantled and a prof- tamper with that militarium [TE "TELGRAPH" CORRESPONDENT] Fluctuation Account more than by the sister Company. But, Sir, if hope be willing if requested to fored sum refused because it was which now alono supplies it
Canton, April 27, sufliciout to allow for any likely the reasons which prompted the promise to make a further pro not enough. with any higher ideal than
allotment. Union
The defence was that the money rata The Board of Foreign Affairs fall in the value of sterling securi: offer wore gocqi and sound ones a money and the luxurios money has, in view of the secret import ties. The Exchange Fluctuation rejection, base perhaps in part on strength: a sound and well-was not denunded but offered by can buy." We know what tho' and sale of salt from foreign Account will not disappear unless a belief that the terms offered were known motto is it not that of the complainant to compensate Indian soldier is, and with a loyal countries by dishonest merchants, the dollar touches 114., while sufficient, dooshot make them loss the Shangla Municipality is the prisoner Tak for the expense India at our doors the future of considered it expedient to take each rise in exchange increases sound. And the elimination of "tria juncia in no" and may he had been put to in defending the Fast can hold no unpleasant stops against this malpractice this fund. Our Reinsurance competition and the reduction of this be the guiding motto for the his (prisonor's) nephew from the surprises for us. We do not mean which has theeffect of diminishing Fund has risen to £145,000, working exposes, only possible futuro consideration of the North charge of theft, Hongkong alone, but Australia as the consumption of Chinoso salt. while our aЯsets have in under existing conditions by China and Union cum. Trader well, and our grout Colony hus in The Board has consulted on the creased by some 4 lakhs. Taken | amalgamation, re desirable in the Companies shareholders. My The jury roturned a unanimous a loyal India a splendid guarantee matter with the various foreign altogether, therefore, 1000 may be interests of ou joint businesses, third heading, Sir, is to ondorse against the danger which sho ministers at Poking and has called a good year for us, and re- and in view of to peculiaritiesand on behalf of the shareholders the firmly believe throutons bor.
signed a treaty between China sults owing to careful underwrit risks of insunce work in the Directors' grant to the provident and the foreign countries against ing enable us to maintain our world, I am inlined to doubt if fund of the Union staff and to the import and sale of foreignaalt. dividend. My predecessor in the the matter en or should rest convey to them onch and all our chair told you at your last moot- where it now is Shareholders in thanks and our congratulations. Some time ago the steam launching that $50 per share must be the North Chinare disappointed As we are now a University town Kiang Ying, flying the Frenel looked upon as high water mark, that the terms the Union offer we may speak in the language of It would be foolish to dis flag, came into collision with the and while I endorse this view for and the ground upon which it was the schools and in that language associato, the attack on the Vice- Chinese launch Wing Tak, H.E. the present there seems to be no rofused were no notified to them. the past year may be almost called regal Yamen at Canton from the the Canton Vicoroy instructed the reason in the future, il fortune It does seem somewhat extra- an alpha plus and your staff dastardly murder of the Tartar Customs Commissioner at Kong- continues to amile upon us, why ordinary. I bobve that there has fully deserve what we can give General, and we fear we must moon to hold a marine enquiry we should not be able to somewhat been some cousferable misunder them. I bag to second that the credit or discredit the Ka Ming into the cause of the collision, increase the dividend by tlie pay standing as to the objects and raport and accounts be accepted Tang, the "Revolutionists by the. After hearing the evidence the ment of a bonus to shareholders value of the Off. It appears to and passed. Grace of God," with this latest Customs Commissioner gave his when the outturn of any particular have been thought that the Union
The motion was carried un outrage. We need scarcely em- denision in favour of the Chinoso year warrants it. It is unwise to was in a bad way, and was in animously, phasise the Borious nature of the launch Wing Tak, and the lounch be too optimistic, but we have roa- need of North China reserves. Mr. Robertson proposed and eituation. Wore the attack more flying the French flag has been son to be very hopeful of the That the Unionjould not koop up lir. Dunbar seconded, the re- ly the work of irrósponsible in ordered to pay Wing Tak launch future, our business boing on its dividond an that generally election of Mesara Biebs and oendiaries: the British Consul $1090 in respect of damages, so solid a foundation and of we needed bolering up and so Ballook as Directors. General would not, aa lie la re- No money has yet been paid. so widespread a nature, na forth, Sir. It indmitted that tha Carried unanimously.
NATIONS.
sufficient and fit, under good her from rain leadership, to shake tho
artificial society of Europo to CANTON NEWS. its foundations, if onto it dares to
ANOTHER CANTON OUTRAGE.
}
រ
is
CRIMINAL SESSIONS,
The case was continued Wednes day before the Chief Justice, Sir Francis Piggott, in which U Tak
The proprietor of the Naka- and Chu Kung Shun were indicted for demanding money with mon- gome-ro, one of the loading aces. Theclurgouroso out of an unlicensed houses at Yoshiwara, successful prosecution of a relativo whioli was burnt down, has de- of one of the prisoners, who had cided to discontinue the business been accused of robbery but was and has granted their freedom to discharged. According to the case all the girls, numbering 43, be
the prosecution the two prisoners longing to his establishment, and cancelled all the bonds for the indebtedness of the girls.
A SALUTARY SENTENCE.
verdict of guilty against both prisoners.
UTak wassentenced to eighteen months and Chu Kung Shun to two years, with hard labour in each cuso.
The proprietor of the Omodaka- ro, where 30 girls were employed, has followed the example.
F.
GOLF.
THE HONG FOURSOMES. The long delayed final in the Hong Foursomes competition was played off on the 23rd at Shang- hai, when the contestants wore E. Mackay and A. R. W. Menzies (Butterfield and Swire) and T. F. Longmuir and A. O. Padday (Hongkong Bank). The final round necessitated the playing of match was brought to a close, 36 holes, but at the 28th the Mackay and Menzies winning by 9 up and 8 to play, From the very start the Taikoo couple put up a strong game, and the scores in thio turco rounds: which were completed varied between 10 and 42, Of the Hongkong. Bank men Padday was the loss steady, and on several occasions placed his partner in difficulties. They played a plucky game, though Longmuir was by no means in his best form, but were not good enough to win. Mesues. Doubles Handicap "B" Class. Mackay and Monzion aro to be Liout Attwood, N., and Lieut. congratulated on their win of tuir Annahoin, R.N., (owes 15) beat competition, for from start to Dr. WM, V. Kook and A. A finish they live played good Claxton (orros 10) 6-8, 5-7, 6-0, ** and have dowwvod their vigto
LAWN TENNIS.
Further games of tennis were played on the Cricket Ground in connection with the Hongkong Cricket Club tournament and rosulted as follows:-
Event "A" Championship. R. Hancock boat R. A. Saunders 6-4, 0-2, 0-0,