Commercial,
Remuneration of Directors.
The proposal muda at the no- nual meeting of the Goldsmiths
Notices
HONGKONG GENERAL·
CHAMBER OF COMMERCE
NOTICE.
TAE¬AUNUKUNG TELEGRAPH, THURSDAY, APRIL 23, 1014.
Notius
STOCKBROKERS' ASSOCIA- TION OF HONG KONG.
IN order to facilitate business "HE ANNUAL GENERAL the public is hereby notified: MEETING of the members that in future the exchange on all and Silversmiths Company on of the Hongkong General Cham-Tael stocks will be settled by the subject of the directors' re-her of Cmmerce will be held or Members of the above Association muneration ra'ses some intere--TUESDAY, the 28th April, 1914, three days prior to Hongkong ing points in regard to directorant 4 o'clock p.m. precisely in the Monthly Settlement Days. fees, says the Globe
This Old Chamber of Commerce particular company to proposing Rooms, City Hall, for "the
that their directora shall receive following purposes: additional remuneration, partly (1) To receive the Report and by way of a percentage of the Accounts of the Committee for net profits, and the, observes the the year ended 31st December, Times, is a purely dumatic matter which the shareholdera. can deal with without any outside assistapça,
The general. question of direc tor's remuneration is, however, an important one A capable and conscientious director is worth his salt to any company. Is may not be so easy to discover the pecuniary value of the profce sional director who sits on many boards an 1 distributes his ouer. gies in the pursuit of pluralities, A director ought to be, on in most cases is a man of probity, Ho ongut to be a business man, with a special knowledge of the business be has to
manage, strength of purpose combined with urbanity of manner, a single eye to his company's interests, and loyalty to the sharabolders. Such a man cannot be too bighly paid. in reason, flow cught ho to be paid-by fixed salary, by a pro- portion of the profits, or by bath?
1913.
(2) To elect a new Cominittee. (3) To transact any General Business.
By Order,
E. A. M. WILLIAMS, Secretary. Hongkong. 17th April, 1914.
THE ASSOCIATION OF
XPORTERS AND DEALERS
OF HONGKONG.
NOTICE.
HE ANNUAL GENERAL
MEETING of the Members
The Settlement Days for 1914 are as follows-
Tuesday 28th April Thursday 28th May Thursday 25th June 28th July. Tuesday
Thursday 27th August" Monday 28th September Thursday 29th October Thursday 26th November Wednesday 23rd December By order of the Committee.
EDWARD M. RAYMOND, Secretary.
NOTICE.
EITHER the Captain, owners or Agents will be responsi- ble for any debts.contrasted by. the officers for crew of the Ameri can Barque "JAMES TUFT"
during her stay in this port.
of the ASSOCIATION OF THE ROYAL GEORGE HOTEL, EXPORTERS AND DEALERS
OF HONGKONG will be held Situated at Kowloon, within a few 29th minutes walk of the Principal Landing WEDNESDAY, the on
Stages of the April, 1914, at 4 o'clock P... SECOND SEAPORT IN THE WORLD precisely, in the Old Chamber of Commerce Room, City Hall, and in close proximity to the for the following purposes :-
(1) To, receive, the Report and Accounts of the Committee for the year ended 31st December 1913. (2)To elect a new C: nimittee. (3) To transact any General
Business,
By Order,
E. A. M. WILLIAMS, Hongkong, 17th April, 1914.
NOTICE
projected Office and Terminal of THE KOWLOON-CANTON RAILWAY' is for
LEASE ON EASY TERMS. owing to the Proprietor having to leave
the Colony.
This Elite Establishment has been con- | ducted as a First Class Hotel and is datronised by the Residents of Hongkong and Kowloon and by the Shipping Com munity.
The Proprietor bas already spont $12,000 in thoroughly Renovating and Refurbishing the promises, and now very hiette remains to be expended except for
In many cases, perhaps in the majority, payment by results is the fairest way both to directora and shareholders. Iluma nature being what it is, most of us fiad
The Proprietor is in a position to con- an incentivo fa endeavour in the
vince any prospective Lesses that the prospect of increased emolument>;
business is dolog exceedingly well, and that it can be turned into a still more directors are no exoption 13 this
MR.
[R, P. THOMAS, Agent of profitable concern if taken over by za amiable weakness. Mistakes are
the Messageries Mari-expert who would devote bis exclusive less likely to happen, when the times, Hongkong, returned by the attention to the business. board knows that'errore of policy |sis." Cordillero" arrived on the will touch it in its own pockets. 19th instant.
There are, however, companies Mr. Thomas is resuming where payment by results offers formor duties from this date. no special attractions becaues Hongkong April 18, 1914. there are no results, and even the prospect of results, in the coin- penysense, is remote. A board may be engaged in fighting against impossible odds, costs of raw material beyond ita control, the "effect of burden:ome taxation, and other troubles, and it would be a cynical doctrine to propose payment by results in such a C186.
EUROPEAN ACENCY. WHOLESALE buying agen-
converting a piece of Vacant Ground adjoining the Hotel int an Open-Air Skating Rink, Bowlingley and Open- Air Cinematograph Show, etc., etc., fot which it can be wall utilized.
No Good-Will Money Required. Inspection of books,allowed to any one
cies undertaken for all British and Continental goods, making Bona Fide offers to lease, oto. includios.
Books and Stationery, Boots, Shoes and Leather, Chemical and Druggists' Sundries
China Earthenwala and Glaar-
cessories,
It comes to this, that no gen-ware, eral principle can by laid dowo, Cycles, Motor Cars and Ac much less can any general law bo formulated. But one thing is certain: if the best men are ex. pected to give their time and' throw themselves heart and soul into their work, they ought to be well recompensed in the matter of money.
Consigneé
Drapery Millinery and Piece Goods,
Fancy Goods and Perfumery, Hardware,
Machinery and
Jewellery, Plate and Watches, Photographic & Optical Goods, Provisions and Ollmen's Stores,
Metals;
etc., etc..
Commission 24% to 5%. Trade Discounts allowed. Special Quotations on Demand. Sample Cases from £10 upwarda. Consignments of Produce bold
PACIFIC MAIL STEAMSHIP on Account.
COMPANY.
8.8. "PERSIA,"
From SAN FRANCISCO, JAPAN
PORTS and MANILA.
The above mentioned vessel having arrived consignoos of car- go are hereby notified to send in their bills of lading for counter- signature and take immediate delivery of cargo from the Com- pany's Godown at West Point,
Cargo will be landed immediate-
ly at consignees' risk.
WILLIAM WILSON & SONS (Established 1814).
25, ABCHURCH LANE, LONDON, E.D. Cable Address; "Annualca, London
HONGKONG ELECTRIC CO, LTD.
REDUCTION IN PRICE.
FROM 1st May 1914 the price
of corront will be reduced.
to the following:- Electric Light &
Fans... $0.24 per unit, Power, Lifts
Heating & ̈ Cooking....$0.07! ... Power to Re-
strioted Four Consumers.....$0.05 Discounts will remain as be-
On cargo remaining undelivered Thursday, April 23rd, 1914 at fore
5 p.m. landing charges will be
Isaased.
GIBB, LIVINGSTON & Co. Agenta.
On cargo remaining undelivered ifongkong, 22nd April, 1914.
Tuesday, April 28th, 1914, at noon in addition to landing obarges, storage charges will be collected.
No Fire Insurance whatever will be effected.
All chafed and otherwise dam- aged cargo will be examined at the above Company's godown Monday, April 27th, 1914, at 10 a.m.
No claim will be entertained unless accompanied by abort de livery note or list of exceptions taken at the time of delivery to consignees and signed for and on- behalf of the Pacific Mail 8 8. Co. All claime must be filed on or before May 21st, 1914, otherwise they will not be recognized
RO. MORTON, Agent Hongkong, 21st April, 1914
MARTIN'S
SAPIOL & STEEL PILLS
*French Ramddy fay allfrregularitiam, Thotanda 92 LAN OK, K{ways keep a keg Di Kartin's in the house, so that on the fra
of any t
foracularity of the yataki »
THAMRID tham Forehand mona safe, all Chemisia and Rares will tawa throughouse World, poss free S
malda sing by nájmu berefor
MARTIN'S
SAPIOL ASTFEL ALPILLS
USE. C. N.
For Particulars apply to
H. RUTTONJEE
oo ROYAL GEORGE HOTEL
Kowloon, Hongkong.
MAN LOONG.
Banks
CORPORATION.
ין
Head Oor-60; Wall Street, New York Lowdon Office | -14, Blabopagate, E.C BRANCHES
Bombay
Calcutta
Contou Cebu Colon
** Empire
Banks
Cober
Marica
Paid-up Capital
RESERVE FUNDS:
Pahama
Peking
SKR Frances
"Shanghai
Sterling
Yokohama
Gold $1,300,000
£1,500,000 at 2!-*~
$15,000,000
Belling.
Exchange
......1/11 1/4
T/T. Marks FAKT Demand Germany
*198** .1981
INTERNATIONAL BANKIN HONGKONG & SHANGHAI Demand....1/115/16 / Frangs
BANKING CORPORA 30 d/s ..............................1/11-3/8 On Haiphong by p
TION,
-60 dia ............................................1/11 3/8 On Saigon. «...adi.......«344% pm. 4 m/s .............................................1/11 7/16 | Os Bangkok ai...num.1999 ..$15,000,000 | T/T Shanghai .................................737
Buving. „Private 30 d/s sight 8'hại........743% | 4 m/s. LJC ..-
1/11 5/8 T/T SIngapore .........................................8316 4 m/s, D/P ......................................................1/11-3/4- T/T Japan ekaterinança -95. 6 m/s. L/O ................1/11 3/4 T/T India ******* ............................14492 || 30d/«.S'ney & Melbourne1/117/8 T/T Bombay.....................................144430d/a.San Fec & New York 48 Demand Bombay 145 m/s. Marks 2.02 T/T Calcutta ................................... 14494 1 m/s. Franos ..............249, Demand Calcutta...145 5 infe. do
2.51 Demand India ................................145 BarSilver ready ......26 15/16 Demand Manila
forward
90 15/16 | Gold Leaf par tael .......................55.70%
Bank of England rates; 4.3% Fir Sovereign:
Teater'in tasarısı 10.20
Houckoos Hantow
Capital and Burplus-a-ser
EVERY DESCRIPTION OF BANKING BUSI BESS, tractad
CURRENT ACCOUNTS »p«sed on the us
geria.
DEPOSITS RECEIVED, kind” law one YET AL 4% 508 MIAMI, or for shoriet periods, në rains, which may be sacertained on applicazioni, 19
BILLS NEGOTIATED and COLLECTED. MAIL and TEMEGRAPHIC REMITTANCES
LETTRES OF CREDIT and DRAFTS · granted
all the principal cities in the World, THE LANKS CIRCULAR LETTERS OF CREDIT # available all over the World,
COMMERCIAL · LETTERS OF CREDIT ned.
Silver...$17,650,000
$32.650,000 Reserve Liability of
Proprietors........ $15,000,000
COURT OF DIRECTORS.
FURCHASE and SALE of Stocks and Shares Hon. Mr. D. Landale, Chairman W. J. Pattenden, Eaq,- Deputy
Chairman.
@fected,
TRAVELLERS CHECKS vald and cashed.
GEORGE KOG0,
Manager.
Queen's Road, Hongkong Hongkong, 1st Nov. 1912
ΚΟΚΟΙ
THE
JOKOHAMA SPECIE BANK LIMITED.
Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital 30,000,000 Reserve Fund.
€8,900,000
D.
01
Hand Office.-YOKOHAMA.
Branches
Antung-Hsian
Bobay Calcutta
Dairen Fengtian
Hardiz
Aucie
Nagauki
Newchwang New York Онака
Pekla
Rycles (Port
Anburs
Changchun
Hankow Honolute Kube Liao-Vang Lor
San Francisco
Tigasin
Tokyo
Tilgau
"Los Angelzz Tringian
Interest Alluwed on Current Account" Depha is received for fxed periods at rates to be
blained on application
1.
EISHI ONU, Manager. Hongkong, 6th April, 1913. [18
THE CHARTERED Bank Of INDIA, AUSTRALIA AND
CHINA.
...£1,200,000 £1,800,000
8. H. Dodwoll, Esq. G. T. M. Edkins, Esq.,
C. 8. Gubbay, Esq.
P. H. Holyoak, Esq.
C. Landgraf, Esq.
F. Lieb, Esq.
J. A. Plummer, Esq. Hon. Mr. E. Shellim, H. A. Siebs, Esq. CHIEF MANAGER; Hongkong-N. J. Stabb. MANAGER.. Shanghai-A, G. Stephen. London Bankers-London County and Westminster Limited.
954
| T/T. San F'ou & Now York 4756.
Demand, New York T/T. Java.............117
Subsidiary Coins. Discount per $100 Chinese..,20 cts. pieces $11 1/8 Chinese ...10
Hongkong.20 Hoogkong.10
$11, 7/16
6794 49
Opium Quotations vini es * SApril 1400 Malwa, New...48,200 per: p.
8,300 % Malwa, Old
་་་་་་་་
atna, New 9.325 per he Patna; Old... 9,200 Benares, New 9,030 Reuares, Old......... 8,925
TO-DAY'S SHARE REPORT-
STILERS
<rocks.k Pain...-07 Valor.
·BANKS."
Hongkong & 8 hai ti25,
MARINE INSURANCE, Cantons
North China
R-BUYERA N-NOWNAL
85A-5A175
CLOKING Q'710"
$50
$810
£87/10 330 sa. & b. £5 T145
B.
$100-18790
B.
£50 $210
b.
FIRE INSURANCES.
Hongkong Firea
$20 8145 $50 $368.
Unions
Hongkong-Interest- Allowed. | Yangtzes
On Current Account at the rato
of 2 per cent. per Annum on the| China Fires daily balance
ON FIXED DEPOSITS. For 3 months. 21 per cent per
Annum
For 6 months. 3 per cent, pe
Annum.
For 12 months, 4 per cent. per
Annum.
N J. STABB, Chief Manager
HONGKONG SAVINGS BANK
num.
SHIPPING.
China & Manilas
$25 $8 b.
Douglas Steamship. 850 $33) Steamboats
Indo-Chinaa
(Preferred) (Deferred)
$15 $281
B.
}
£5 $67)
8,
103/- b.
£11 b
Shell" Transports £1.
"Star Ferry." {$10 $48.
REFINERIES
MÍNING:
$100 832 b. $100 $28
я.
Chinese Engineerings £138:6b. Tronohs
£1 36-
DOCKS, WHARVES, & GOOWNS
Rauba
THE Business of the above Incorporated by Royal
Bunk is conducted by the Charter 1853.
HONGKONG AND SHANGHAI China Sugars BANKING CORPORATION. Luzon Sugare HEAD OFFICE-LONDON.
Rules may be obtained on ap. plication. Paid-up Capital Reserve Fund...
INTEREST on deposits is al Reserve Liability of
lowed on the minimum monthly Proprietors .....£1,200,000 balances at $3 For Cent per an-
· FOREIGN EXCHANGE and Depositors may transfer at their Kowloon Wharfe $50 $82 General Banking Business trans-option balances of. $100 or more acted"
to the Hongkong and Shanghai H.K. & W'pos Docks $50 169 CURRENT ACCOUNTS open- Bank to be placed on FIXED Shanghai Docks T. 100 58 ed and FIXED DEPOSITS re- DEPOSIT 4 Por Cent. per Hongkow Wharfs T. 100 T. 94 Delved for 1 year or shorter periods at rates which will be quoted on
LANDS, HOTELS A "BUILDINGE " application.
Anglo French Lande T.100194 "AS. HEWETT,
Acting Manager. 1912, [22
FIRST-CLASS PRESERVES, GINGER Hongkong, 11th April,
AND SOY, MANUFACTURERS.
· Factory at Yaumail OFFICE; No. 35, Dɔ Vœux Road, W Telephone No. 177 & K. 12.
WE are the leading Manufacturers in VV. this class of Goods. Our Fruit & Gingers are all fresh, and of the first pick. THE Our Syrup in prepared from the best quality o: Sugar. We "give"dur special attention to our businom and sanitary rrangements.
MR. LEUNG JAU PING."
DENTAL Surgeon No. 80, Queen's Road ∙Guntral, nour the Central Market of Kangkong.
THE CHINA IMPORT &- EXPORT LUMBER CO LTD. Arnhold Karberg & Co.,
General Agents. --
WE
1.
E have this day opened a Lumber Yard and Offices at North Point, next to the Kwong Sang Hong Glass Factory.
James The sailing vessel Toft" has arrived, with a well assorted cargo of about 12 Mil- lion sup. ft. of.
OREGON PINE •* Planks, Timber, Floorings and Spars.
Prices will be quoted', on application.
•
All correspondence address to:
please
The China Import &
Notices
CHINA PROVIDENT LOAN AND MORTGAGE
CO., LTD. 1
(Capital Paid up...$1,250,000.) Loans on Mortgage of House Pro- perty, &c.
Goods received on Storage. Advances made on Merchandise: Loans made on the Provident
Byatem. (Rates and Particulare on ap
plication).
OF
The Office of TRUSTEE, EXECUTOR
WILLS, "ATTORNEY, &o;," Undertaken and Executed.
SHEWAN, TOMES & Co. General Managora. Hongkong, 19th March, 1908
annum.
For the Hongkong and Shang- hai Banking Corporation,
N.J. STABB, Chief Manager.
DEUTSCH
UTSCH ASIATISCHE
BANK.
T
5.
Hongkong Hotela 350 123 b Hongkong Landa $100 $111 b Humphreye Estates $10 Kowloon Lands
Capital Fully
Paid-up...Sh. Taels 7,500,000 * Head Office,-Shanghai.
Board of Directors-Berlin.' Branches: Berlin Calcutta Canton Hamburg Hankow Kobe Peking Singapore Tientsin Tainanfu Tsingtau Yokohama. Ewos.
LONDON BANKERS: Messrs. N. M. Rothschil & Sons, The Union of London and Smith's Bank, Limited.
Deutsche Bank (Berlin), London Agency. Direction der Disconto Gesell
schaft.
Dreadnor Bank..
87 sa, & 5.
$30
814
Shanghai Landa T. 30
West Points $50
T. 91
266
1
Manila M'pole Hotel P.10 COTTON MILLS
P. 8
T. 50
T. 120
T. 109
185
111
Shanghai Cottons
Laou Kung Mow Kung Yik Hongkong Cottons $1081 China-Boracos $12 $11 Light and Powers $10) $4.10
Do. (Spec. shares) $1ƒ.
MISCELLANEOUS.
INTEREST allowed on Current. Account. DEPOSITS received China Pio identa $10 $8 e. on terms which may be learned Dairy Farma
on application. Every description Green Islands
of Banking and Exchange busi-Hongkong Electrica $10 146) 3ness transacted.
Last DivionD AND ATE.
£2 & 5/-b. atex:1/13/16]
equal to $29.89 for year ending,31/12/13
$18 for 19:2
Final of 1 po, making 20 p.c. for 1912 201 Final of 320 making $50 for 1912 and Interim of $30 for. 1913 Final of $12 mak. $15 forl 1911 & Int, of$3 for 1912 j
$10 for 1912
$27 for 1912
$1 for 1906
$2.50 for yea end'g30′0'13, Final of $1 for half
year ending 31′′1813 - [ (3 % Interim a/c year
.1913
on preferred shares
(Interim of 1/- making 2/- for 1913 Coupen No. 217
$2 on 10,00 shares lat issue
$2 on 10,00
#1 on 10,000
2nd: ¦ 3rd
for year ending 30'4:13.
$3 for 1912. $3 for 1897.
Interim of 34.p.c. 8 2/5d por share. Couvor No. 1 ̃ao- count year 30.6,1% - Y Int. of 1/6 mak, 6/6 a/c.19-3 *1/2 for 1909 STEEM AND L
$3.50 for year 1913
$3 for 1913.
Tis. 3 for 1912
Interim of Tls 3 for 1913
Tls. 6'29'2'10
$7 on old shares, $3.50)
on new shares for year 31'12′13
j
$314 for 14 year "ending" 31 12.13
-50 cents for 1913. *$2.80 for 1913
Interim of 5 p.c. for..
year ending 30′6′′13 $2,25||| for year ending i 31.12 13
15 per cent. for 1910 f Tie. 15 for year ending
3F1013,
Tis. 10 for year end-
ing 30'6:13
T. 18 for year end's 31*12 Tle. 1 for year ending
30°11'13
*50 cents 31.7.08 (66) $1.20 for 1933
70 cents for 1913
$1.30 for year end'g 1'7'13
40 cents for 1911...
$1.60 per share forn912 b$7 final making 89 for 1913
$2 for 1913 - Seafare
Interim of Tls. 1 mak Jing Tis, 2 s/o 1913 None ganztest Gu
80 cents on fully paid' shares and 6 cents on
$6 837
b.
$10 $63
9.
Hongkong love
$25 $190
EAK TRAMWAY CO. Hongkong. 9th Oct., 1911. PEAK LIMITED
THE MERCANTILE BANK OF
MAX GUTSCHKE Hongkong.Ropes
Manager.
Langkata
Morning Port Peak Tramway
$10 $22 8.10 T44
$25 $21
$10 $10
b. b.
TIER TABLE.
INDIA, LIMITED.
Do. (new) $1 93 ots. 8.
P.
Interim of 1d.pershare
$1.50 for 1910
$20
WKEK DAYS.
7.00 a.. to 00'an. Ersay as Mama's: 1.00 AM to 10:00 A
10 MIG 30,00 to £5.00 £.M. 11. to 12.45 737
Export Lumber Co. Ltd. to
Letler Box No, 420.- - Telephone No. 1710.4 0 Hongkong, 11th April, 1914.
HONGKONG JOCKEY CLUB. NOTICE.
THE HALF-YEARLY MEET-
ING of the above Club will be Hold on SATURDAY, the 25th
Faid Up Reserve Fund
BANKERS:
H na Mar.
12
H
TO MIN
15 MIN.
1.15 3.1. La
**
1.25 PM
1
10 Hit
BAS T.m. ka
1.00 M
*
15 MINSA
5.00 P., to
+
+
London Joint Stock Baur,
NIGHT CARS.
1200 vimi: svpy,hall hotare
100 150 1949 19
10:30 AM to 11.00AM 17+45 4 to 1/2 Noom
To Hu
every quarter of an hour.
SUNDAYS,
2,00 4.x. to 10:30 AM. ↑ ErzuY
15 JUN.
TO MIN US MEN,
15 Mi
Eg M
18.00 Now to 3.00 a
4.00 F.. to 6.00 3.34, 10
- 7:00 PM, 10. 2-10 re
5.00 13.
NIGHT CARS
Wook Days
MAJOLA SATURDAYS MAZEME"
April, 1914 at 12.30pm at the one 1.00 2.MI Offices of the Hongkong Jockey Club, on the Ground Floor of the Hongkong Club Annexe, Chater Road.
By Order,
T.F. HOUGH. Clerk of the Course. IHONA COMMERCIAL 0s, & Duddel! ST Hongkong 11th April, 1914,
AND QUARD ADAINST PLAQUE
"Extra Cars at [11] midnight,"¦:
SPECIAL CARS,
By Arrangement at the Company's Office.
Pre
$1 paid shares for year ending 30.4.13
for 1913,ROHEMI None
צ'יוני
Nono
Authorised Japital......£1,500,000 Hongkong Electrio Trams 8.6 Subscribed
Bank of England.
1,125,000
$10 85 562,500 | Philippines 465,000 H. Price & Co., Ld. $10-$6
Limited...
Societe des forred
Pulpeset 450 Papierteries pald dayTonkin
up $50 Benefita200, Shanghaf-Sumatran T. 20T.150" Intereat allowed on Current Ac-team sundry 5 |$45 - sotints at 2 per cent per annum United Asbestos
on Daily Balance and on Fixed Oriental Agency, $10 3914| Deposits at rates which may be Pascertained on application.
No dividend this yest 50 dis. for year end g 81.5.12.
20 per cent, par ordinary share for year ended 815'1912 !
$1.25 per share for year?
ending 31'12'1913
95 per cent, for year
ending $17711
60 cents for 1912 - 1-50 ota, year ending 6:30′13
Corrected to large pum. Apr. 13 1914 19 WRIGHT AND HORNDY share ngd
Ouveni krokari 4 Da Voeus Band Csotrai addresu. Ramluded WNKEL
AR. LINTON
Manager.
La. United Asbestos? Founders Shares Union Waterboat
Welsmann, Ltd.
Watson William Powell
• $10 1300
$10 (120
$1050 $10
THE
ALEXANDRA CAFE Cannot be Besten, if Equalled For Bread, Cakes, Confectionery moals with Wines & Lique