WATSON'S
EVERY OLD LIQUEUR.
SCOTCH WHISKY.
THE HONGKONG TELEGRAPH MONDAY MARCH 25 1912
A BLEND OF THE FINEST PURE MALT SCOTCH WHISKIES
For over 30 Years WATSON'S E' has maintained the reputation of the FINEST SCOTCH WHISKY in the FAR EAST.
A. S. WATSON & co., Ltd.
ESTABLISHED A.D. 1841,
WINE & SPIRIT, MERCHANTS.
NOTICE TO SUBSCRIBERS.
20
DAY BY DAY.
The impatient generally laud the virtues of patience.
On pago 3 appears some
a
THE BANK OF CANTON,
LIMITED.
SIR FREDERICK LUGARD." COMPANY MEETINGS, the motion, being seconded, by
Mr. Clarke, was carried,
The consulting committee, In reply to 9 Freterick China Sugar Reilaing Co. Ltd. consisting of Sir U. P. Chater,
The Opening Ceremony. Mesare. E. Shollim, F. Maitland, Lugard's tolegram ofc farewell to
J. W. C. Bontor and H. P. White the Colony His Excellency the
The thirty-fourth annual gon-were re-elected on the motion of Yesterday a large number of Officer Administering the Go- in-vernment dospatched the follow-oral meeting of the China Sugar Mr. Besilios, seconded by Mr. Chinese business men and a good- ly proportion of the foreign ing to moot him at Penang Refinery was held this morning at Edwards.
Messrs. H. P. Smith and community were present at tue "Hongkong will ever remember the offices of the general agents, your administration with grati- Mossrs. Jardino, Matheson & Co. A, R. Lowe were re-elected audi-opening of the Bank of Canton, tudo. European and Chinese TheHon. Mr. O-H: Ross-presided, tors, on the motion of Mr. Limited, at No. 6 Des Voeur communities unite in wishing and among those prosent wore W. H. Potis, seconded by Mr. Road, which was presided over by
Sir Paul Chater, Messra. F. Mait Rodger."
Luk Pong-shan, The Bank,
pro- H.M.S. Taka has gone to you both God-speed."
land, E. Shollim, A. R. White, The Chairman:-Tant is all mises were made gay with bunt- Canton.
J.W.C. Bonnar (consulting com- the business, gentlemen, dividending, with an inscription workedout mittee); I. E Belilios, H. Poros warrants will be ready to-morrow, in flowersover the door. The fung Smith, W. H. Potts, W. E. Clarke, on application." -
To-day's Paper. teresting evidence given in Home divorce suit. Local Sport appears on page 8.
A man was fined $1 at the Marine Court to-day for not licensing his boat.
A boutman was fined $10 at the Marine. Court to-day for depositing building rubbish in the waters of the Colony. For a similar offence another man was fined $8.
THE ALLEGED GUN RUNNING.
A Large Consigament.
E. F. Aucott, T. S. Forrest, J.
Rodger, R. C. Edwards, Ho Fook,
Ho Kom-tong, Lo Choung-sui, Luzon Sugar Refining Co., Ltd. and J. Barton, secretary,
The secretary having read the
tion took the form of a ten reet. ing, prior to which a number of congratulatory addresses were rom coived, while in the course of the programmespeeches were deliver-
The thirtieth annual meeting lod; the speakers including Ma notice convening the meeting, the of the shareholders in the Luzon Ying-piu, Li Yuk-tong, treasurer Chairman said :--
a' forcible
You will all, I am sure,
Wo uro informed that the party
Sugar Refining Co., Ltd. was of Uanton, and Li. Watching, or
parties suspected by the Gentlemen, the report and ac-held this morning at the oflices of chief accountant, who delivered. authorities to be connected with counts with auditors report the general managers, Messrs, the following speedhin nga le gun-running by the fact that arins attached having boon in your Jardine, Intheson & Co. The lish:On being called upon. 10:27 At the Magistracy this morning and incriminating correspond-hands for some days I propose Hon. Mr. O. H. Ross presided, and speak on this auspicious occasion, 41 men appeared, one charged once were found in the bed-room with your permission to take there were present, Mesers, J.1 fool that it is not only a" duty" with keeping an opiam divan of a local hotel, have been traced them as road."
W. U. Bonner, L. P: White, con-which I owe to this institution and. the others with smoking to Haiphong. It is also stated that The year 1011 was a remarkable guiting committee, G. U. Moxon, but it is both a privilege and an thero. The keeper was fined a consignment of arms has fallen one in the sugur trade all over H. N. Leofe, A. Piercoy, T. SORGUT,
into the hands of the authorities, the world, and the course of the Forrest, Beath, G. V. Tisdall, Po be interested in a brief history of The rates of Subscription to the "Hongkong felograph" will $250 and the smokers $2. ¡
which would have meant a profit market presents
an outline of the objects which it bo as follows:-
Secretary, Mr. J. Barton. An American sailor made his to the persons interested of at illustration of the uncertain naturo Sien, Wong Leung-him and the the formation of this Bank and
of this particular business,
The Secretary having read the las in view. Every one is aware." tere iar appearance in the Police Court least $50,000.
During the autumn of 1910 the this morning on a barge of
estimates of the best crop in notice couvening the meeting, the of the fact tit
a large number of wealthy Chi---- having assaulted a Chinese on
Europe were largely increased Chairman said:
Gentlemen-The report and nose merchants and residents and pointed to a rooded pro Saturday night. From the avid once it appoured that the dofen-
duction for the coming year, with accounts with auditor's report tu the United States of American
who conduct a very extensiva attached having been in your dant struck the complainant in
the result that there was a heavy hands for some days I propose with trade with their homeland and the face and he fell to the ground
my full in values everywhere; "sup cutting his eye badly. The defendant was fined five dollars,
Daily issue-$30 per annum. Weakly issue-$13 per annum.
fall month.
I
The rates per quarter and per mensom, proportional. Subscriptions
for any period loss than one month will be charged as for The daily issue is delivered free when the address is accessible to anossenger. Peak subscribers can have their copies delivered at their residences without any extra charge. On copios sont by post an additional $1.80 per quartor is charged for postage, The postage on the wookly issue to any part of this world is $1.00
per quarter. Bingle Copies, Daily, ton conts Wookly, twenty-five conts (for
caali only),
(Payable in Advance.)
By Order,
"HONGKONG TELEGRAPH."
The object of this paper in to publish correct information, in serve the truth and print the news without fear or favour.
Coble Address: Telegraph, Hongkong."
Telephone: No. 1. A.B.C., 5th edition. Western Union
The Hongkong Telegraph.
HONGKONG, MONDAY, MARCH 25, 1912.
WHICH IS WORSE?.
Ono point made by Mr. Winalon Churchill, First Lord of the Admiralty, in the great speech with which he introduced the Naval Estimates is likely to excite some controversy. He compared arma. meats and finance, and declared that just as credit had taken the place of actual ready payments, so had the over-increasing amount spent upon armamente been substituted for actual war. The theory is attractive, and, at first sight, plausible. Thore does seem to be a
The greatest distinction between the two things is that credit,
HONGKONG A.D. C.
"The Gondollers.
**
are of very large amount, and If there is one thing more than plies were in excess of demand, your perialssion to take them as the Orient. The transactions anptlior which the actor and ac-and the year 1911 opened with road.
The demand for sugar in the naturally elaborate banking s At the Police Court this morn- tross desire, whether amateur or the prospect of a lengthened Philippine's market kept the re facilities are necessary to finance ing two Chinese were charged otherwise, it is an approcintive period of low prices and drag finery at Malabon almost con-them. For many years the Canttil with having in their possession audience. It need not nosessorily ging markets. This unfortunate
Sir Hat Ho Kal.
Shanghai Gas Co., Ltd.
I
ansuro 6UCC685.
raptures whilst the Cachus dance short of the estimate, and the dual between Miss Gordon
www The Supper.)-
101-
six Winchester rifles and four be a large one so long as it proved to be the case for the inuously at work during the ton Bank in San Francisco, andred rounds of ammunition has sympathy with the play first six months of the year, and year, and although prices remain-founded by the Chinese mer without having the accessary and the players' efforts, but owing to keen competition in theed, low during the first six chante cheie, have handled those license. They were further charg when the audience is a largo consuming centres great difliculty months a fair margin of profit was financial transactions, but having ad with having a quantity of one and appreciative as well, was experienced in marketing our obtainable. During July and Au- no branch on this side have had be in Europe caused a sharp ad- ordinary correspondent banks or ammunition that exceeded twenty- it inspires the actor and act sugars, for which moreover un gust the unprecedented drought to pass the business through vance in the price of sugar all agents. No long ago it was de- five dollars in value without hav-ross, with the confidence which profitable prices had to
accepted. ing it enclosed in a wooden box goes far to
At the beginning of July over the world, to which the marcided that the extent of the and properly labelled. One The members of the A. D. C. on defendant was fined $250 or, in Saturday night must have felt rumours became prevalent that ket in Manila eventually re- business of the Chinese mer- default, three months hard labour, inspired by the larga aud-the beet crop in Europe was sponded, and a wohad fortunately chants in America with the Enst suffering from want of rain, and secured a considerable supply of was large enough to warrant the and by tho constant while the other was discharged, onco
prices began to hardon all round; raw Bugar in June and July at a opening of a bank of their own. and wholeshoarted applause with a caution.
thundored out as
it was owing to the unprecedented cheap price, we were able to take on this side, and this debision Encores were numerous as were drought which continued during full advantage of the situation was given offoot to in the calo Some of the members of the the presentations of flowers. Mr. Aug. and Sept. great damages and command a very handsome blishing of this institution Hongkong. I may state that Chinese Club will entertain Sir G. P. Lammert's rendering of was in fact done to the orop, and profit on our refined sugar during he Bank of Canton, Llip in Hai Ho Kai at dinner to-night in Take a pair of sparkling eyes it was computed that the outture the remainder of the year.
The result as disclosed by the thin bank is not a branch of nor celebration of the honour recently sent the great audience into would be some 2,000,000 tons accounts now before you is in any way attached to the conferred upon him by His
This caused values to advance * gain of $94,370.84 on working, Canton Bank of Sin Francisco. Majesty the King.
The Duplex: and Mrs. Hunter were extremely sharply during the early autumn and after allowing for interest, Both institutions are separate, the debit of profit and loss account to to each other in view of the fact The French cruiser Hupleix well received. Mr. Silas was months and as prices in the etc., a reduction in the sum at although they are closely related. latter bank are also shareholders: lying the flag of Admiral Colloch loudly cheered for his song "Far East responded to
able to establish rates which will consider satisfactory. reflected talent and training.
I should mention that demand this institution. Furthermore,... de Kerillis arived to-day and stole the Princonnd the choruses improvement in Europe we were $68,600.07, which I trust you that most shareholders of the exchanged salutes with the port.
The scenery was beautiful and showed a very good margin of A Strike Sidelight.
such setting has certainly never profit making it probablo that the at the moment appears too have no acts for the other as dole The following pathetic pasange been excelled in the Colony. The losses incurred during the earlier slnokoned, and that owing to a agents and both work on the strong analogy, but it does not necessarily follow that it is complete, appears in a letter from home staging was meritorious and part of the year would be at least decline in the price, of sugarsano system and principle..We..?
everywhere from the highest are much indebted to the Canton And it has to be remembered that neither credit nor the preparation which we have had the privilege added considerable, pharm to the wiped out.
Unfortunately, however, before point roached in Beptember last Bank of San Francisco for the partie in times of peace for, possible war, are new developments. Credit of seeing:We are in the throes character of the play.
we had been able to reap much we cannot now obtain the same which they have taken in bringing has been given ever since the first agriculturist received an advance of coal strike. The dining room grate has two bricks it, one on
benefit from the improved condi- margin of profit as was then the tits institution into simpe on his ripening crops, and Biblical history tells us continually of either side. We are studying After the performance the tion of the market everything was ease; the position of sugar gene. At the commencemont their noighbouring peoples preparing for future wars.
economy for once!!!"
members of the caste, the officials upset by the outbreak of the re- rally, however, is sound and sup-manager, Mr. Allen, very kindly and orchestra supped together on bellion in China which practical- plies especially in the east small one over here to assist us in the We have received from Mosers. the etage, His Excellency the ly put a stop to all business in and I have little doubt therefore organization work and stayed with if it is not overdone; is beneficial, while the maintenance of and addition to luge armaments is prejudicial. With the stupendous Gibb, Livingston & Co. the Ollicar Administering the Govern- that ountry and necessitated that when present stocks have us several months. In him; we advance in means of communication has developed an immense in-report of the Shanghai Gas Co.,ment joining them. Mr. W. G. curt.ilment of production at the gone more into consumption there had the good fortune of having a Lid, for 1911. The net profit Worcester, the secretary, pro refinery which told seriously will be ronowed enquiry. Before ann with wide experience and ternational trade, which simply could not exist without the credit for the your amounted to Tls, posed the health of the producer against the cost of production moving the adoption of the report exceptional ability to guide this system. The system has merely been an inevitable development 288,012.71, an increase compared of the piece, Mr. John Robertson, daring the last three months of and accounts I shall be pleased new institution in its first steps.. the Canton Bank of San Francis- concident with the development of home and foreign trade to the to 1910 of Tls, 37,455.64. It is in most felicitious terms. In the year. You will realise there to answer any questions which may further mention that Mr. proportions it has assumed during the last contury. It has not proposed to pay a dividend of reply Mr. Robertson thanked the fore that we were beset with dif-shareholders may wish to ask in Look Tin-eli, the President of
are still with us valuable assistance they had given say
Thero being no questions the, arrived a few days ago, and displaced trade for cash; that continues on a much larger scale than per cent., making 13 per cent. members of the company for the ficulties; which I regret to connection with them.
for the year. The annual meeting bofore, but obviously it must have its limitations. Similarly rail-will be held on Thursday next.
and also His Excellency for the far as the Chins market is Chairman moved the adoption of during his stay here of several tha banefit of his experienos. kindly interest he had taken in the concerned, but I am sanguine the report and accounts, Mr months, he will give us ways have become an indispensable in modern communications, but
A.D.C. since his arrival in the that as soon as political affairs Moxon seconded; and the motion and advice. The Bank of Caz- ton, Ltd., has been formed, and nevertheless there are probably more wheeled vehicles not propelled
Colony. He hoped that His Ex- have settled down in the north was carried.
On the proposition of Mr.
is registered in Hongkong int by mechanical power in the world to-day than there were before the
collenoy's interest would be main an improvement in our trade, as
accordance with the requirements taided anderthat his influence with all others, will soon follow. Leefe, seconded by Mr. Bonth; institution of the first railway. All the innovations and expansions
From the accounts presented Messrs. H. P. White and J. W. of the British Law reganling would be nézerted towards re- in regard to industry and commerce and all that are associated with.
estahing the A.D.C. on a to you, you will leave noted that Bonnar were re-elected to the banking institutions, andlits registered capital is $2,000,000.. them, have added to the wealth of the world. That cannot be said
popular and prosperous footing as purequalization of dividend fund consulting committee.
Mr. A. R. Lowe was re-elected At first it was intended to of the augmentation of armamente. The money that is put into the Addressing the volunteers at formerly. Mr. Robertson pro- has been depleted to the extent
Tabe of dollara in auditor on the motion of Mr..
subsoriboa capital of 8-10,000,000, means of making war is as utterly lost if it were taken out in a ship the inspection which took place posed a toast of welcome to the of 2
on Saturday, Major General members of the Philharmonic order to make provision for Piercey, seconded by Wong but the promoters decided to and jettisoned in mid-ocean. In less than twenty years from to-day, Anderson said that he was glad Society and thanked them for the payment of a dividend, and Loung-him.
commence on a moderate scals of The Chairman:-That is all 82,000,000. Although the bank apart from the chancos of war, the original Dreadnought will be to see so many had attended and their hearty cooperation in making while I regret that it has Borap iron.
was very pleased with what he the production a success, He been necessary to trench apon the business, gentlemen, thank is virtually a Chinese bank, the ospital all being provided by A stateamon can hardly be blamed for endeavouring to justify had seen. Under the new orga-hoped that harmonious relations this fand I'may say that had it you for your attendance.
Chinese shareholders in the the appropriation of money that he is asking a Parliament to nisation the volunteers were to be would long exist between the not been for the somewhat pheno
United States of America, Hong- sanction. It is his business to represent the expenditure as essential put into the first line of defence two societies, and he wished menat rise, which took place in
"Le, Matiu," of Paris, states kong and "Australia, ita affair and to bring forward the most convincing arguments at his com- instead of being kept in reserve especially to thank Mr. Denman sugar during last autumn the pay- mand. From this point of view Mr. Churchill was entirely right in as hither. He had seen a good Fuller for lus, untiring zeal in ment of any dividend wou'd pro- that during the naval manoeuvres and business will be conducte
on strictly Western Booking to establish a parallel oven where one, upon analysis, doen deal of the tactics of the volun- training the chorus and orchestra, bably have been out of the quos in the Channel on February 27, not appear to exist. His solo duty was to get the House to accept teers in the varioue maneuvres, Me Fuller responded in liappy tion, and I trust therefore, that at which M. Delousse, Minister and the cust my and usagne 101 Gas Estimates presented to it, and if he employed a comparision that and he was very pleaded with sein. Thereafier Mr. G. A..Only you will approve of the above of Marine, was present, a thrillog in vogue with the wma superficially arresting it would be difficuls to blame him. Also them. He was also pleased to see well pressulted. Ms. Adams with mentions transfer to credit of incident occurred while four banks will be generall it would be charitable to assume that he himself was convinced of that they had taken to máxim jewelled pendant in acknow- profit and loss account, and of submarines were attempting to I may express a hope the the soundness of the argumente ho put forward. There is an in- gan drill, and he hoped they lodgment of her services as no the proposed distribution of 85 torpedo the croisere. The approach institutions to ours will bo sing disposition to regard the utterances of statesmen as merely would make themselves efficient companist at the many rehearsale, per share. Before moving she at full spoed of the Ostend Dover fally established througho onde vamped up for the occasion, and we think that it would in it in the near future. He had His Excellency Mr. Severn mado adoption of the report and ac-mail packet was unnotionl until Empire there is rom Lamentable for such a cynical belief to become a confirmed cas-only one complaint to make and a brief speech highly.commend counts I shall bo pleased to an a submersible wa on the point for all Suc tom. Still, it is perfectly legitimate to disagree, with Mr. Churchill's that was the same na last year, ing the A.D.0 upon le pro swer any questions relating to of colliding with it. With great ly conclusions, and we are disposed to think that, although the Naval viz., that there were not enough duction of "The Gendoliera" them which shareholders may flaring the commander of the of the trade Estimates show a slight shrinkage, when they are considered in the volunteers in the Colony. He was and pangladed by inviting the desire to put submersible plunged rap Light of the proportion that they bear to the general expenditure, very glad to have been present whole company to support at There being no questions, the the packet bost passed jus many will begin mentally to inquire "Which is worno-actual war and was highly satisfied with what Goverment: Hause, after the per- Chairman moved the adoption Afterwards the submarine
be had soon. or the insurance against it ??
formance on Wednesday evenings of the report and scoounte, and to the surface unharmed
THE VOLUNTEERS.
- General Anderson's one Complaint.
ON
and