THE HONGKONG TELEGRAPH, FRIDAY, OCTOBER 23, 1914.
ROBT. PORTER & CO'S
CELEBRATED
BULL DOG
BRAND
LIGHT
1
ALE
IN-PINTS & SPLITS
“Very light, extremely palatable & refreshing. "Brewed from the finest ENGLISH_malt and hops.
SOLÉ AGENTS:
A. S. WATSON & CO., LTD.
WINE & SPIRIT MERCHANTS.
The object of this paper is to publish correct information, to serve the truth and print the news without fear or favour.
情徇痫幷確寘律準聞姿訪採大正給言置宗限本
Cable Address: Telegraph, Hongkong.
#
Telophone: No. 1-
"Western Union A.B.C. 5th edition. Office address: 11, Ice House St.
Improving Kowloon's Lighting. –
Reference has often been made in our columns to the poor illamination of the streets in Kowloon, and we are therefore glad to observe that, among the minor items mentioned by His Excellency the Governor in his Budget statement yesterday, this matter was touched upon. Nathan Road, the main thoroughtere of the peninsula, is at present very badly lit, and what lamps there are in existence are hidden away under the trees on either side of
ments demand.
Telephone Extension.
DAY BY DAY.
THE METEOR FLAG OF ENGLAND SHALL YET TERRIFIC BURN TILL DANGER'S TROUBLED NIGHT
DEPART
AND THE STAR OF PEACE RETURN.
The Weather.
Lower level 8 a.m. Temp, 77; sunshine,
At the Peak.8 a.m. Temp. 63;
sunshine.
The Malls Siberian Mail. Due to arrive
to-day. European Mail.-Closed to-day at
10.30 a.m. Siberian Mail.-Clodes to-day at
5.p.m.
Siberian Mail-Closes to-morrow
at 3 p.m.
Count the Columns,
The Dollar.·
Italian Convent Bazaar The Italian Convent Bazaar opens at 10 s.m. to-morrow.
Cricket Meetlog.
The annual meeting of the Civil Service Urioket Club takes place ai 0 p.m. to-morrow.
NOTES ON THE CRISIS.
OUR NAVY ACTIVE.
How We are Making the Most o
eur Chances.
COMPANY REPORT.
China Light & Power Company, Ltd,
to
MESSRS. SETNA'S REPORT.
Messrs. 8. D. Setas and Co., in in their report dated the 22nd inst, state
The report for presentation to the shareholders at the thirteenth
Bengal Opium.-Market ruled gaiet. Sales are reported of only War news, and plenty of it ordinary general meeting came over the wires after yester be held at the office of the General 3 chesta of Patna, Old at $9,200 past fortnight-1 chest of Patus day's notes were penned. Once Managers on Saturday, 24th Octo- (per chest). Clearances during sho again it was a mixture of good ber, 1914, at 11 am., atates -- and unpleasant, chiefly concern- Annexed we have the pleasure Now, 8 chesta of Patna Old, and
place. ing happenings at sea. Pride of to lay before shareholders a 1 chest of Benares Old, in all must be given to the statement of accounts for the eboat 10 cheats. Unsold stock: -122 chests of Patas New, 881 The net profit for the year, in obeats of Patna Old, 190 obeste the road. The authorities, how-
British naval operations off the year ending 31st July, 1914. Belgian cost, the story of which, aver, are to remedy this short- coming, for we are promised a
incidentally, confirms our concluding the sum of $18.420 10 of Benares New, and 142 oheste jecture of yesterday that it was brought forward and lave $15,000 of Benares Old, in all about 1,115 but uncleared here that the fruitless German Depreciation on Machinery and chests. Sold row of lamps down the middle of this thoroughfare, as well as in
raid took place on our gunbcate Lines, as authorised at last meet-stook-18 cheata of Paina New, Salisbury Road. This is part of
engaged with coast batteries.ing, is $25,058.24. This is an 29 chests of Patas Old, 18 cheste a scheme of "considerable exten-
Yesterday the Telegraph pub. The account now to hand of our increase of $9,162.59 on the net of Benares New, 40 chests of alon," How far that scheme guta we do not at the present know, lished 88 columns of solid successful bombardment of the profit of the previous year, but it Benares Old, in all 105 cheats. cheat) are as nader,:--Potne but it is much to be hoped that reading matter. To-day there enemy's treaches and batteries is still not sufficient to warrant a Reported closing quotations (per
makes most cheery reading, and dividend.
It is recommended that $15,- New $9,325, Patna Old: $9,200, opy of the side streets across will be 37 published.
the operations certainly merit the the harbour will receive the con sideration which public require-demand to-day is 18.8.11.163.
The rate of the dollar on description which is given them 000 be written off the value of Benares Now $9,050, Benares
when they are referred to as "great machinery, and $10,000 off the OM $8,925.
Malwa Opium. Buyers came work." The happenings serve to value of Lines, and that the show that if our naval men are only balance; $55:24, bsoarried for-forward, and sales are reprried of about 60 chests at $8,400 (per given a chance they can do all ward to next year's account.
Coneulting Committee. Mr. pical). Clearances are reported that their country believesofthem. Another thing we are gratified
The Germans appear to have been H. P. White resigned on leaving of about 24 chests, Unsold stook to see is that the telephonic com-
digging trenches at night, little the Colony and Mr. G. W. Barton is estimated at about 1,010 obeats, manication between Hongkong
thinking that all the time they was invited to take his place on Sold bat uncleared stook is and Kowloon is to be improved.
were being watched from the sen the Consulting Committee. In estimated at about 182 chests, This is to be done by laying
and got nicely within range of accordance with the Artioles of Reported closing quotations (per down, ata cost of $8,000, another
our warships' guns. But that was Association, Hon. Sir Paul Chater, pical) are as ander.:-Malwo Cotton- Nothing doing sable across the harbour. Hie
how matters Blood, and when day O. M. G., and Mr. G. W. Barton $8,500 to $8,600. Excellency the Governor was only
broke the enemy must have re- rotire but offer themselves for re-
Market extremely quiet. No élection. stating a fact when he observed Peak Special Police, ceived a rude shock.
Auditors.-The accounts have reliable prices can be quoted. that the capacity of the present The conclusion of the Holyoak
Indian Yarn:Market ruled cable is already taxed almost to Cap Competition and general There operations along the been audited by Messrs. A. O'D. the utmost, und that the con-musketry practice (rapid firing) Belgian coast raise the point Gourdin and F. Maitland, the quiet. The Chinese merchante," tinued extension of the telephone will take place to-morrow at 3.30 whether or not the Allies per latter acting in place of Mr. Wowing to heavy discount of nearly system in Kowloon and the New pm. This will be the last shoot. milled the Germans to occupy II. Potts, Messrs. A. O'D. Gour 20% of the Chinese subsidiary Territories calls for the provision
certain points along the seaboard din and F. Maitland aro recom-coins, are receiving their invest
ments from the interior far below of a new eight core cable. The We are informed that the points the ceding of which mended for re-election.
SHEWAN TOMES & Co. their purchased values, and hence wonder is that the necessity has steamer Benmohr, which was yes would not affect the
General Managere. they are not willing to operate not been perceived before. We terday reported to have been sunk strategic situation with
freely, even at a decline of $3 to of bringing
$5 per bale on last sales. Buying all know how irritating it is, on by the Emden, was a vessal of very object of giving Britain Hongkong, 8th Oct, 1914.
ie restricted to their immediate naval forcea into
requirements only. Some of the desiring to get into touch with 4,806 tons, built at Scott's yard an opportunity
importers are not free sellers, as able reply, Kowloonjunction old boat of that name, which was play. That may or may not be Auditors' fees... Kowloon, to get the almost invariat Greenock in 1912, and not the ter
Lee's fees engaged. But when the new sold see three or four years ago. u. If it is the boy the German Canaulting Commit
they see a heavy drop in the rates have quickly taken the bait. May war has made it necessary to revise the estimates of raveaus, with
of exchange. Business during be they had hopes of ranging Exchange (Loss on
subsidiary coins)
the interval is reported of about a consequent knocking off of some $305,000 from the figure origin-cable is down, that reqoonge
their huge siege guns along the
1,375.01 850 balee, comprising about 75 coast-line, so as to get something Charges ally sot down, we are, abfue that in order to balance the account
Balance
25,058.24 a sum of well over a million dollars will have to be taken from the 'Colony's surplus funds (which are estimated to stand on December 31, 1914, at $2,826,375), but, in view of the big public works in *progress on under contemplation, that is inevitable, unless some new mource of revenue can be found. Certain is it that the policy followed is to be preferred to any new form of taxation; and, after all, we must count ourselves fortunate that we have a surplus to call cha Burplus, by the way, which is reckoned to be some and general efficiency, and, from Commission of Inquiry into the of them soon. $187,000 bigger af the end of 1914 than it was a year previously, information received, it looks as violation of the laws of humanity
The Hongkong Telegraph.
HONGKONG, FRIDAY, OCTOBER 23, 1914.
THE BUDGET.
The Budget statement which His Excellency the Governor laid before members of the Legislative Council yesterday will, wo believe, be considered satisfactory by the general public. Although the
ariuil.
to face the gaming wins —.3.
wag
- 2 2000 requently heard.
that the improvement will be For that reason it is to be hoped speedily effected.
Our Postal Service.
Truly the ways of the post. office in this part of the world are times had occasion to congratulate past finding out. We have many the department on its absidaity
"A
"Frost's Descent." Tomorrow is, according to the Chinese calendar, the Festival of Shuangchiang, or "Frost's Descent."
The Benmohr.
THE MODERN HUNS.
The German Chancellor's Denial.
Antwerp, Sept. 7.
Part of Our Scheme?
main
the
""Profit and Loss Account”
$
of a control over the Straits of Dover, or to give cover to sub- marines coming down the coast. But it never appears to have Balance brought for- ward from last "ac. struck them that Britain has a
count very-much-alert Navy. They
must know it by this time, though. Lesa Depreciation as Good luck to our naval men. Evidence gathered by the May we hear more such news
has been transmitted to the Minister of Justice,
to
Emden's Latest.
for
anthorised at an- nual meeting of October 18, 1913...
**
0.
200.00
750.00
..
740.89
balea of No. 102,-375 bales of No. 128 and 200 bales of No. 20. $28,124.17 Uggold stock is estimated at about 25,000 bales. Sold but uncleared stock is about 30,000
18,420.10 bales.
15,000.00
24,038,08 $28,124.17
Local Yarn:Sales are report- ed of about 500 bales of No. 20s at $123 to $135 par bale.
Sundry Articles:-Market ruled 33,429.10 quiet, In importe, where the 656.99 supplies are short and limited. prices show some advance, but in other articles show a marked" decline. Sales are reported in Bezoar etoneat 8120 to $160 (per eatty), borax at $23 (per pical), kismiss at $30 (per pical), peacock's feathers at $55 (per 10,000), and gum olibanum at 250,000.00 $8 to $13 (per picul). In exporta, fall in rate of exchange coupled with anxiety of Chinese dealers 50,000.00 to quit their holdings, bas resulted in moderate business in 300,000.00 cassia at $20 to $111 to 10,305.09 $51 (per pical), fire-crackers (Lavangia) at $8 (per case), 25,058.24 galangal at $71 (per picul), pre-
serves (in jars) at $4 to $0 $335,383,33 per box, cardamum seeds at $35 o..(per picul) and vermilion at $88
(per case).
Balance Sheet. Capital. Shares at $5.00 each fully paid up... at $1.00 each fally paid up 50,000 Special Shares
***
Sundry Creditore LoRa Account Balance of Proft and
last
Buildings and Ma- chinery as per last statement
Loas Depreciation on
What We Want. though we shall have to go on
If the story told by a corres- pondent of one of the London Interest According to the estimates which have been drawn up, both congratulating, On September 22
Copenhagen, Sept. 7. dailies, who spent five days with Balance from Work-
ing Account to Shanghai. We have often seen
The Norddeutsche Allgemeine the Germans at Ghent, be correct, „revenue and expenditure in the coming year will show marked one of our readers posted a letter advances over the current period. Under the former head, it is this gentleman'e handwriting and
an official organ, reporta a state-into his head that by rushing re- most satisfactory to see that the Government finds the establishment we know it to be exceptionally Zeitung, which is regarded as the enemy appears to have got it clear and legible; nevertheless it occurred to some of the men of ment by Dr. Von Bethmann- inforcements to the Belgian const of the opium monopoly a profit-masking arrangement. It predicted in many quartere, at the time the Government took up genius in the Hongkong sorting Hollweg, the Imperial Chancellor, he would be able to prepare
representatives of the American the long-dreamt of attack on 50,000 the monopoly, that nothing would be gained from it. In actual office that S-h-a-n-g-b-a-i spelt to repeat
England. But troops cannot be feat, however, it has yielded much more than was anticipated," and Singapore; and accordingly eff
The object of the statement is conveyed across the water without the income for the coming twelve months is expected to be close on went the letter (a most important a million and a half dollars more than for the current year. Apart one, by the way) to the Straits. At to explain to Americans that ships, and if the scheme is to altogether from the financial side of the matter, the present arrange the Singapore office there appear Germany did all that was possible bring out the German warships ment has many advantages over the farming system, chief of which to have been people who could to keep peace, and to prevent from their hiding place to accom- is the better regulation of the traffic. One other item on the revenus read, and so the letter was sent war. It was declared that Eng-plish this, we shall be the last to side is worthy of note-namely, that which concerns the railway on its way rejoicing and arrived land was envious of Germany, complain. We want the German income. This is expected to be $83,000 more than for the in Shanghai on October 12, and therefore wanted war, that boats to come out; that is what present year. It is reckoned that the year's earnings will cover the having done the total journey in Germany would at last gain a our Navy has long been waiting whole expenses and leave a surplus at the end of no less than $112,jast three weeks which, allow complete viatory, and finally that for. But after the way in which about German cruelty was a been playing havoc with the 145. This is distinctly better than the estimate for the presenting for accidents, was not bad everything which had been stated a small flotilla of our boate has falsehood.Central News. German designs daring the past
Kowloon: year, and it goes to show what a good revenue-producing concern going.
"Reprisals."
few days, the enemy may now Land as per the railway is, though of course it will take very many years to wipe
Some Slight Mistakes,
New York, Sept. 7."
statement once again modify his plans. A Saya a contemporary: off the capital outlay on the line.
A wireless message from Berlin taste of British guanery would be On the expenditure side many big items are found, especially short story in a Philadelphian received at the German Embassy very bitter medicine to swallow. in regard to Public Works Recurrent and Extraordinary. But, on magazine gives the reader the the whole, the programme contemplated appears to justify the laying impression that Maiden Lane is in Washington declares that the out of the sums provided. There is one good thing which wo the centre of the (London) dia- stories of German atrocities are Coming Bearer home, as mosnage
'all lies."..
yesterday told as of the further are glad to notice, and that is that the estimates are now being mood industry, and depicts a
Bat "admite that there have activity of the elusive Emden, the fromed with a vow to avoiding the necessity for supplementary leading member of the trade an votes. In the past it has been the custom to badly under-estimate, having also a fice house in Oxford been reprisale due to treacherous Commander of which is playing highly successful game, and playing it fairly and as is shown by the figures for recurrent works for the Street, which is evidently regard-attacks. by Belgians."-Central
Since expended... present year, the shortage being put at $107,600 on a total estimato ed by the writer as a very high.
too. This little craft has done of $481,000. It is now to be hoped that the Department will ask class residential locality." It is
the rest of the more than for what it really wants and confine ita expenditure, within zoon a point worthy of remark that the Rellet for Shanghal Merchants. Gorman Navy put together, and able limits, to that sum. There is one item under Public Works, less a certain type of story-writer
As has already been reported though we naturally regret that Extraordinary, which deserves a comment the proposed laying out knows about a place, a period, a of $60,000 for commencing the erection of quarters for certain class cf society or what not, the says the Peking Gazelle, a repre- she has not been brought to married Laropean subordinate officers. The idea is to charge reat more ready he is to drag it fata sentative of the Shanghai meraccount as yet, all the same we for these houses, and the policy has been brought about, we are told, his work. It is not so many chants interviewad the Secretary onnnot but admire the fine work by the very heavy rents which have to be paid in Hongkong and years since that very prolific of Stato come days ago and naked (from her stand point) which she
which weigh heavily on officers with families," It is expected that maker of novele, Mr. Max Pon- the Government to devise means has been doing
The Land Operations, the renta to be charged by the Government will yield a fair retura bertan, put a batler into plush to maintain their business. The
Looking at the operations on on the ospital expended. The scheme is one with which we are in breeches. The late Mr. Guy representative's first interview complete agreement. Indeed, it appeals so much to us that we Boothby gives an excellent latle with the Recretary of State did land, it is evident that the Ger- Furniture should like to see the principle extended farther." Government side-sketch of Hongkong in one pot accomplish much and a few mans are making desperate Materials, Stores and servants, are not the only ones who feel the high-rent evil, and the of his stories, but, when he gets days later he again approached efforts to break the spirit of the Government could do worse than carry the plan farther and build farther south, he describes a Mr. Hsu Shih-chang with the opposing forces, realising that
unexpired policies flate for the public as well. If the scheme can be made to pay with barquet at which the table was request for the Government's im- every day lost makes the task Value of premia on
Sundry Debtors. Government officers as tenants, it can be made to pay with ordinary loaded with luscious and sweet-mediste aid to the merchants more difficult of achievement. civilians se tenants. The Government certainly bass right to enter scented fruits: "bananes, pieang owing to the approach of the Mid-The battle-front on the Left now
Kowloon the business field when prevailing charges are exorbitant, as Hong and durians." Seeing that pieung Autumn Festival: Then Mir, Het extends over a line ranging from Head Office kong rents admittedly are. There are many other matters in the is merely the Malay word for discussed with the Ministers of the Belgian conat right down Badget speech worthy of notice, but space forbids farther comment, banana, and that of all vile-smell several Ministries and promised to La Bassee. Despite the Company's Bankers Bavo to remark that it is reassuring to know that the wireless ing and vile-tasting fruits the the representative that he will violence of the attacks, however, Deposit with Colonial telegraphy station is soon to be in working order and that there are darian is the vilest, it would co-operate with the Ministers of the Allies are everywhere holding excellent schemes on the tapia for improving and extending the appear that Mr. Boothby was (as the Ministries concerned to raise their own. They have, in fact, roads both on the island and in the New Territories. There is a the old women in the country several hundred thousand dollars beaten back the enemy with used to call it) "talking without to relieve the merchants financial losses, the Belgian Army sgain most useful programme outlined for the coming year, which is
putting up a spiritel opponition. certainly not looking so black as, in the present unusual circum- landes, it might have done,
book
News.
difficulties.
well
Machinery
atatement...
104
Lines per last Leas Depreciation.
Since expended
Faelinstock valued
at
Treasurer
PIA
30,380.00
German Rifler. The rifles used by the German Landsturm in Belgium are of the old type, and the troops are 182,116.69 insufficiently supplied with am- munition. Some of them aro 10,000.00 armed with rifles taken from the Belgiens. It is stated on good 172,116 69 authority that the supply of 12,878.09 Gorman arms is now exhausted.
$184,994.78
51,968 18 5,000.00
40-988-18 0,557 41
C. P. CHATER, G, W. BARTON, Members of Consulting Committee.
SHEWAN TOMES & CO.,
· General Manngers. Auditors Certificate..
We report that we have andit- ed the above balance sheet with 66,525.59 the books and vouchera of the 1,347.44 Company and that in our opinion such balance sheet is properly drawn upso as to exhibit a true and 82,088.90 correct view of the state of the Company's affairs at the 31st July, 216.76 1914, Bocording to the best of our 17,028,71 information, and the explanations 871,81 given us, and as shown by the 491.91 books of the Company. We have explanations we have required, 5,000.00 We have seen the securities, and 5,539.34 obtained all the information and
the stock has been certified to by 11,008.00 the General Managers,
A O'D GOURDIN.
KAITLAND Auditors $335,363,38 Hongkong, 2nd Oct., 1914.