"SHELL” TRANSPORT
MEETING.
CHAIRMAN.
Record Year Predicted.
14
THE HONGKONG TELEGRAPH FRIDAY, JULY 12, 1912.
11
Prepaid Advertisements.
ONE CENT PER WORY
for each insertion
WANTED
Hongkong, Sth July, 1912:
LOST.
301
OST on July 4, a large white fox-terrier dog, black-marked had. Owner a nasis on collar. Findor will be rewarded-Licut, F. A. 6. Murga, R. A., Kowloon.
Bouchong. 10th July, 1919,
THE TAIWAN
RAILWAY HOTEL.
TAIPBH, FORMOSA.
613
Hotels
HONGKONG HOTEL
AVEA CARTE GRILL ROOM; Now Open.
Hongkong, 20th April, 1911, 4
J. H. TAGGART,
Manager [26
GRAND HOTEL,
Telephone 197,
F. REICHMANN, Propriet r
ASTOR HOUSE
(LATE, CONNAUGHT HOTEL.) -
QUEEN'S ROAD, HONGKONG.
"ENTRALLY situated, up-to-date Hotol, Recently renovated, and auder satiroly New Management. Large and Comfortable Rooms, Excellent Calaine under the supervision of an Experienos FRENCH GHEF, and
eparate Tabled, Hot and Cold Baths, Electric Light throughout Terms. modorais, Fimi Olans socommodation for Paullins sa! Taurista.
For partionlars and rates apply to
PROPRIETORS. Telephone, 170
Telegrams " Astor,”
BELLE VIEW HOTEL
Shaukivan Road. :
Telephone No. 907,
[24]
is spent spent either nequir- the result obtained from the had become normal and profite ing new producing territoriesoron Anglo-Saxon Petroleum Company, most satisfactory, and we have other assels which will add to our Ltd., who dorive their income good grounds for the tement future profits I congratulate largly as shareholders in the Although Entely six months of STRIKING SPEECH BY THE the slunreholders upon the Asistio Potroleum Company, Ltd., the year has elapsed, it in with
finance of the company. The and also obtain revenue from some confidence that your direo only oreditors were for £18,790, shipping and storage. Notwithfors predict that, saving the op- out of which £17,000 was for standing that the dividends of the currence of unforeseen events, the balance of income-tax, whilst Asiatic Petroleum Company were earnings for 1012 will probably investments, cash at call and cash vory seriously reduced, the pro- constitute a reword in the The annual generel meeting of at bankers total £935,074. As fits on the transport and storage history of this company. the Shell Transport and Trading we have in hand at the present portion of the business have been (Applause.) I entirely répu Company, held on June 10, had, moment the proceeds of the issue so satisfactory as to enable the disto the assertions made that says the Financial Times," been of our now shares, we have Anglo-Saxon Company to pay this company is in any Bonso,ANIED to buy the DIREC looked forward to with more than 2,500,000 of actual cash and£80,000 more dividoned than last slipe, or form; a trust. We have TORY AND CHRONICLE MANAGEMENT & QUISINE UNDER BUROPEAN MANAGEMENT usual interest in view of the pre-liquid resources available after year, as well as writing off for 0,300 rogistored shareholders. FOR CHINA, JAPAN, ETU, for dont condition of the oil market, paying the final dividend, and depreciation £310,000, against there are 10,000 Bearer Warrant us Yese 1866 and 1870. Offer to 623 and also having regard to the the interim dividond--(applause) £205,000. It is this aplauded shores. It is open to every man be addressed to B.3.B., care of Offre uf fact that the Directors of this-and we hope acon to find elasticity in the earning powers of and woman to become sharehold this papers bl Company have reduced their
profitable employment for those the companies which inspires me ers if they choose, Unlike truste, dividend for the past year by 24 funds in extensions to our busi with hope of largely increased wo publish our accounts in the pur coat, to 20 per cout. It waN DORS. Including the piemum earnings under normal conditions, fullest possible manner we hold gonorally anticipated that, Sir
upon the now issue of shares, In spite of its overwhelming nd our meetings in public,, and it is Mároue Samuel, the Chairnian,
ur reserves now stand at vantage, the internal combustion open to any shareholder to ask for would reassure the shareholders £2,245,000.
engine for ships has been slow in explanations. Tow formally A to the future at the earliest
its development. Seeing how move the adoption of the accounts Now Interest Acquired. .convenient opportunity, and, as a
enormously we are interested in Mr. H.W. A. Deterding scrond perusal of the subjoined report In accordance with the policy procuring an outlet for liquided the motion, which was carried of the meeting will show, this already announced, your company fuel, if no other interests take the unanimously. belief proves to huve been well have taken adarga interest in tho
question up
The retiring directors (Messrs. I propose doing so We have justified. After discussing the Egyption Oilfields.
myself. so soon as I am satisfied W. H. Samuel, A; V. D.; Best, II, strongth of the Company's posi-received.
from the Egyptian that British builders can make N. Benjamin and A J. Cohen tion in connection with its sup- Government the assuranes of and deliver ougians of this type Stuart) were re-elected and Messrs. plies of petroleum, and also in their support and assistance of a satisfactory character, and Turquand Younge and Co. wore connection with its huge financial which has induced us to start tho
on a sound business basis. (Ap-reappointed auditors. resources, Bir Marcus Samuel en-immodiato erection of a refinery.
Mr. Cull proposed a vote of plause.) Suoz: It is hoped that larged upon the increasing uses at
The Supply of Petrol. thanks to the Chairman and di-] to which petroleum is being put on its present scale the refinery
There is only one question rectors, and Mr. E. T. Delmege in connection with the generation will be able to commence working now for me to deal with, and in seconding the amplion, urgedades the Direct. Management of al of power, and it is clear that, in by the end of 1912. The tint is the supply of petrol. The the claims of present shareholders his opinion, the ".
"production of oil from these position of this article is one into a larger distribution of profile. great oil age ins only just begun. The Comfelda has amounted to 14,000 which your directors fent very lo referred to the large amounts piny appears to be holding its tous for the first five months acutely their responsibility. Shell set aside to depreciation in this
This has own in the contest which is in of the current year,
spirit, owing to its magnificant company and its subsidiaries, and our Enstorn progress with the Standard Oil on shipped to
qualities, has attained a world- said he learned frqh that able Trast, and seems likely to reach refineries in order to acquire wide reputation, and there is paper the Financial Times" that a climax in the near future. Al ample experience for dealing with consequently a world-wide de- the company had carned 34 perrains and steamers Luggage are together, the Stock Exchange was the oil later. A development of mand for it. It was in December, cent. in the past year.
ranged for without any trouble to vary wall pleased with the Chair-great interest is the fact that wo 1911, that gradual increases in The vote was unanimously ac- guests. man's spooch, and although the have secured the option on the the price were established, owing corded, and the Chairman, in Hongkong. ** Feb., 1912. quotation for the shares did not majority of the shares in the to the development of the can acknowledging the compliment, KING EDWARD advance appreciably, the tone of Ural Caspian Patroleum Com-sumption of petrol in America said she directora would willing the market showed a distinctly puny, a company formed in and elsewhere to such an ex-ly meet Mr. Delmege's views if harder tendency after the moot Lotion with a capital of one tent Ay to compel the they thought they could wisely ing than for Homo time past. million sterling. It possesses Standard Oil Company to raise and safely do so in the intereste The mosting was held at Win-vast and promising territory in their prices. In other words, the of the shareholders. He admit- olester House, B.C., Sir Marcus the Ural region on the Caspian inexorable law of supply and tod that the writings off in this Samol, Bart. (the Chairman), S. During the current year the demand brought about an adjust company were absolutely, boroio. prosiding.
Sholl and Royal Plutch have par The Secretary (Mr. E.A. Smith-chased 80 per cent, of the of prices. If somewhat gall It was, of course, fallacy ing to the consumer, who had to say that 20 per cent. divi Rowa) having road the notice are capital of two companies bocu spoilt by buying potrol dond was earned on the capi and the report of the muditors, working in Russia, namely, the So.
The Chairman, in the course into Commerciale et Industrielle ler the stress of competitional of the company. The actual
not based un odramercial, grounds capital in the business was Thoroughly Renovated as the sole reinforcement to be used in the construc- of a lengthy specol, said: When to Naphto Caspien et de la Mer at a price much bolow what it enormously more than this nomi- I last had the pleasure of address Neiro, usually called Bujto, which would have born in normal ual capital, and had been con- ing you I informed you that an owns oilfields and refineries in American company had doliber- Baku, and the company Muznt, circumstances, the rise is satis-tributor and put aside by the factory to the producer. You shareholders themselves. Those atoly got itself to destroy prices which has a splendid distributing possess in your own splendid pro- who ran the enormous risks of an I had made a deal set ng iinst and solling organisation in Rusduction of polrol of unrivalled founding this business practised Java. The policy of the Standard sin. The purchase money for quality an asses of undeniablo a policy of self-donial for many Oil Company, carried out over these properties has beon paid en- the entire domain in which wo tirely in shares. the Royal Dutch alue, becss the consumption years, and when they obtained eroases throughout the world their reward, as they must and trade, has rosulted in receipts contributing 3,879 of their shares
a very romurkable manner, would, it would bo most unfair from our joint companies of of 1,000 guilders ench nominal £000,000 less for kerasono sold and the Shell Company paying In my opinion, it is not to much and altogether wrong to say that in 1911 than in the preceding year. 241,227 shares of £1 nomin.to say that, had its possibilties they were receiving enormous A similar course was adopted We have overy reason to believe been realised, electric tramways dividends.
with regard to petrol and not with that
this transaction
standing that a duty of 3 per prove
gallon was placed by the Govern our
(Applause.) companies.
[To belioved Mr.
Taiwan Railway Dept
EXCELLENT DUISINE
GOOD SERVICE. RATES 6 YEN AND UP.
Uniformed hotas porter ments all }
HOTEL.
Under Entirely New Management.
Excellent Culsins,
[182
[65
H. HAYNES, Manager. Hongkong, 16th Jan., 1912 HOTEL CRAIGIEBURN. PLUNKET'S - GAP
The Pink,
noar the Tram Termian: Tel. 56 For Terms apply to the
MANAGER.
THE CHINA PROVIDENT LOAN AND MORTGAGE 00., LD.
27]
GENERAL NEWS.
Canada and English Immigrants.
into
(Gacifal Paid ur,,,$1,250,000.) Loans Mortgage of Hours Property
do
Fonds received on Storags, Advannas made on Merchandise, Loans made on the Provident System. Bates and Partionists' on application), TEX ÜPPICE OF TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &o.,
Indertaken and Bros.
SHEWAN, TOM 28 & O>, General MsaaÇARE.
By kind permission of Captain Dixon the Band of S.S. Manchuria will play at the above Hotel on FRIDAY next, the 12th instant, from 9 p.m. till 11.80 p.m.
W. GALLAGHER, Manager.'
CONCRETE REINFORCEMENT
THE LOCK WOVEN
WIRE MESH SYSTEM.
Selected, after competition with all other systems by the Advisory Board to His Majesty King George V
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FULL PARTICULARS AND PRICES FROM THE UNITED ASBESTOS ORIENTAL, ACENCY, 'LO.,
[17
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SHIPBUILDERS, SALVORS, AND REPAIRERS, BOILERMAKERS FORGEMASTERS, BRASS AND IRON FOUNDERS, CONSTRUCTIONAL, ELECTRICAL AND
MECHANICAL ENGINEERS. ·..
THE-WELDING AND CUTTING OF METALS
we would not have been constructed. Delmege's wishes would be gra- The working of the motor-omnibustified in 1912. (Applause.) 巍 brilliant one for
does aways with tho great incon- The proceedings: then tor- venience caused both by the | minated." in our Eastern inont on petrol in England, the Production low price of Is. per gallon, incluil-fields is beon well maintained.uilding and working of tram- ing the duty, was maintained up The great richness of the oil-bearways, and the cost of running
in materially, in its favour. It}. till December, 1011. In the inglunds in Borneo is again prov-can only be a question of time result, after writing off the enor from the fact that well No. mous sum of £022,000 for 120, in the Louise concession, when, stimulated by the financial "'"depreciation"—but which really which started in Juno, 1911, with results achieved by the London
There is some plain-spoken amounts to the extinction of all a production of 1,000 tons por 24 Omnibus Companice, provincial
now 517 centres will take up the move criticiem in a report on tho neces- sums spent on capital account hours, produces even during the year-including the tons per 24 hours. The producent, too. This transport in for sity of improving the arrange cost of the purchase of the Shang-tion in Tarakan has been main the million, whilst the taxicab ments for immigration hai-Langkat Company's pro-tained during the last year. As performs its useful function, for Canada written by Mr. Arthur a different class. The owners of Hawkes, the Dominion Commis- perties we have been able to we look for an enlarged produc- declare a dividend of 20 per cent..tion and trade, a comprehensive motor-cars, including the medical sioner,
Referring to the "presumed and to increase our undistributed scheme for the increase of storage profession, utilice it to an onorm- profits to £294,085. Having has been thought out and our tank-ous extent. To my mind, however, unpopularity of the English in referred to the attempt made age throughout the East will be its greatest importance is the in Canada," he remarks that it need by the Standard Oil Company considerably augmented, Taking evitable use that must be made not have existed at all if the Eog- to obtain a footing in the the whole of the oil throughout of it for Army transport, for lish could, by instinct, have Dutch East Indios, the Chair- the company's territories within seroplanes and hydroplanes. So acquired casential knowledge rann continued: Including the this company's control, I am glad blind is the world to progress about Canada in England.
"It is ineffably foolish," he balance brought forward from to say that the figure of three that, although under the very 1910, there is a credit to the pro-million tons which I predicted eyes of millions of people petrol remarks, for any Englishman fit and lose account of £9,416, would be arrived at is now an is doing its beneficent work, the to suppose that Canada can be and deducting all expenses, there accomplished-fuct. (Applause, regulations for its transport, both adjusted to his notions on sight. recommend that a further and Romana amounted for the past storage, are still based upon the lish immigration to Cana la final dividend for the year 1911 year to 520,590 tons. When I supposition that it is an article exceedingly successful is the wil of 28. per share be paid, making wrote this I was not aware of scarcely less dangerous than lingness to have it so. The breed - 20 per cent. for the year, and the fact that that company had dynamite. We have invoked. the is right, though some of the sam leaving a sum of 8204,085 to be struck a well recently, which help of enlightened public opin ples may not be geniuɛea.” The to get the ridiculous anything-in-good-enough-for-the- carried forward. The dividend is giving at the present time on le paid free of income-tax. Sum- yield of 1,200 tons day. restrictions which prevail in colonies attitude is defunct,” he
London relaxed, and I hapa, adde. marised balance sheets of the The derritorios of this company ultimately removed. Bataafsche Petroleum Maatschap are extremely rich, pijand the Anglo-Saxon Petro- quite convinced that when the leum Company, Ltd., have been Roumanian Government have pro- It is with great pleasure that I Hankow finds itself up against aimulated with our own. Inolud- vided the facilities which are ab am able to sunounce the declara- some practical problems that are Fan empty Dock ip ing amounts previously provided, solutely necessary if the industry tion of an interim dividend for not easy to solve, observes the Pe- It will be seen that from the is to prosper, Roumania will take the year 1912 of le. per share, kingDaily Newa! It was in inception of thore companies in a very high place in the world's being at the rate of 10 per cent. tended to begin by laying out 1907 £3,207,000 has been written production. In Grozny our proper annum. It is an open secret that part of the new city outside off for depreciation. Lam anxious fluation in 1011 amounted to that our profits would have on the Malu, but a large part of this to make it clear to you that we no 373,507 tonn. We have completed abled us to make a larger dis district consist of ponds, and the tually writte off (as depreciation) arrangements for allying our in-tribution then this. The com Board has discovered that there elly expenditure made by us
by us forent with that of other producers, pany; however, will be always is no spoil at the handy: distence We hope that the necessary legal prudent to confine their interim for filling these in. So now, aftar oments of old "or of new territories, formalities will soon be completed, dividenda lo a moderate amount, an unsuccessful attempt to expressly stated that the fusion which has taken leaving the final v den to earth from an ear by,
place in fact may be also fulfilled, ba puid after the axemil
DEMAA VAIT grailfying fox are made up Wontormed rust. Bare in the year's weading has been you want frious for, chebulae 11.
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