INDO-CHINA S.N. CO.
The Transference of the Head Office to Hongkong.
presided at an extraordinary
250
THE HONGKONG TELEGRAPH
SECOND EXTRA
HONGKONG, TUESDAY, JANUARY 25.1916.
Hongkong Benevolent Society,
COMPANY
REPORTS
apos sheet for the year ending 31st December, 1915.
The net profits for the year, including the amount brought
THE PIANO RECITAL. -
Imost all the second issus
| Hoarkug,, Cantos, and Macae | forward from the previous Fest of tickets for Mr. Denman Faller's
Steamboat Company, Limited.
account.
The Mongkoor Central Estate, Ltd
The second report of the Board of Directors of the above Com- pacy states
The Directors have now to sub- mit to you a general statement of the affairs of the Company, and changed to a Colonial Register?ralance theet for the year ending
The Chairman: No, it will not 31st December, 1915. be a Colonial Register..
Hr. Alford Will the gold basis be continued?
Mr. R. H. & Burder: I have much pleasure in seconding the resolution which you have just moved. I have carefully examined the proposed alterations sa aet forth, and I think that they are decidedly good in every way. I£5 shares think Captain Keswick has pat forward very carefully the position
The Chairman: Our abares are
Mr. Alford: I mean, will the Account be kept in gold as they
Mr. Alford: We shall not do
The Chairman: No. Their
that2.
amount to $55,395 81. From this
mount au interim dividend of forthcoming, piano recital bare $2.00 per share has already been been sold. As has been previously paid, and after writing cf Direc-announced, the proceeds of the tors and Auditors. Feee it is now recital will go towards buying oposed to pay a final dividend material to be made into bandages. of $ per share making a total for the wounded by Mrs. Phelipe dividend for the twelve months class of $4.25 per share, and a carry
The programmes will be sold at forward the balance $1.723.81 to the recital for whatever amount the credit of a sew Profit and (small or large) those buying them Loss Account,
are kind enough to pay, and the Directors-Sir Paul Chater, amcant realised from this source CM.G. and Mr J. W.C. Bon will go entirely to the Fand for par now retire by rotation, and Blind Soldiers and Sailors. being eligible offer themselves for re-election.
The recital takes place in the uity Hall on Monday next at 8 15 Auditors-Mr. A. O. Hynes Pm, and a limited number of having resigned on learing the tickets may be obtained at the colony Mr. Percy Smith, F.C.A Anderson Music Co. has been appointed to bis place. The accounts have been a adited by Mr. H. Percy Smith who now re tires, and offers himself for re-. election.
THE YASAKA MARU.
Gift from the People of Cyprus.
The people of Cyprus have offered a gift of 1,600 tons of wood fuel for the use of his Ma- jesty's troops. The offer has been !' gratefully accepted by his Majes ty's Government.
The net profits for that patiod, including $2,247.07 brought for ward from last account, after paying all charges amount to ARRIVAL OF THE SURVIVORS. bost for all the passengers to get after the torpedo had struck the $82,726 00.
into the boats, as the vessel took thirty-seven minutes to sink.
Lebon
It is now proposed to pay a dividend of $7.00 per share, absorbing $70,000.00 and after Touching Scenes on the Andree particularly wished to say writing off Directors and Auditors Fees there remains a balance of $8,576.00 to be carried to the credit of a new Profit and Loss
Account:
Directors-Hon. Mr. David Landale retires by retation and being eligible offers himself for re-election
on ten thousand milestway. This | before sitting down, to say a few ¡HONGKONG TRAMWAY - business, from its nature, is words with regard to their atti» { COMPANY LIMITED. subject to extreme faciustions, tuds in connection, with this and these factuations depend, for proposal. The setsblishment of the most part, on purely local con- the Board in Hongkong, to whom disions conditions which Eastern they can immediately refer, will be The following is the approxi- shareholders think can be more welcomed by them, and they are mate statement of Traffic Receipts efficiently met by a Board on the of opinion that it will be advan for the week ending January 29, Captaic Henry Keswick, HP, spot. The proposal is put forward tageous to the Company; and, 1916
in no hostile spirit towards the having ascertained that the pro-
Subject to audit, the Directors Receipas Aggregate of the Hongkong. Cantor and general meeting of the Indo-Prut Board of Directors on posal is approved by the Board of
for week. Receipts Macao Steambost Co., Ltd., will China Steam Navigation Co., Ltd., the contrary, Fastern shareholders Directore here, and also by
recognise that under trying can considerable shareholding on this This Year...$11.299 $32.835 and Loss Account of $58.000 fur3weeks recommend the trasfer in Profit held at Cannon Street Hotel, ditions the London Board has side, they intend to give it their Last Year 9340 23,547 fem Equalizatim of Dividend London, on December 13.
rendered excellent service to the support. I now beg to propose Increase: 1,959. The Chairman, in the course of Company. It is not the members that the resolution which has Decrease:
4,283 Fond and $47,423 90 from lovost his speech, maid-Gentlemen, of the Board that they object to; already been read to you, and
men: Factuation Account and you have been asked to came here it is the system which fires that which is set forth in the notice
pay a dividend of $100 per share to-day to consider a resolution Board ten thousand miles away calling this meeting, he adopt-
for 1915, carving forward which has for its objects the from the locality where our entire ed? This resolution, if passed,
balance of $2,378.43 to new transfer of our Board of Directors, business is actually carried ons will require to be confirmed otherwise the brains" your erstem which entails intermin- as a special resolation at a further Company, from London to Hong able correspondence, great ex-meeting of which you already The annual meeting of the above kong. As stated in the letter which
pease in telegraphy, and have notice. I presume, gentle-Socity is being held in the City accompanied the notice of this
quavailable dalaga. In bygone men, that you will allow me to Hall on Thursday at noon. The meeting, the resolution is days, owing no doubt so take the resolution sa read. It Hon. Mr. David Landale will pre- to you by direct repent of Sancial reasons, practically all has been read by our Secretary side. important body of shareholders mercantile concerns in. China already, and I do not suppose you in China The Caire to cect were directly controlled from this want is read again. I therefore this change is not of recent originside, but those of you who have propose the resolution, and I shall It has been anggested a more sogacintance with the Far East be glad if a shareholder will than one occasion daring the past will have recognised that this has second it for years, but is was not then
zow changed, and that many of pressed because the movement the most successful undertakings lacked a suficies: backing of
in China are those under local con shares. Now, however the post-trol Financial assistance is now tion is materially altered. A very obtainable in Chius on terms which large number of our shares are apare favourably with those held in the East, and, as these available on this side. So far as supported by further material considerations are con- large body of shareholders cerned, there will be a consider both in this country". sable saving in the expenses of your of the Company as it will be later are now? abroad, the petitioners come to London office, and particularly in on, and I have every confidence
The Chairman: Yes, they must
that grea: praise was dus to the you to-day with confidence, asking cable expenses. It is anticipated that the results will be very good be presented in sterling.
officers and crew whose splendid you to co-operate with them in also that our annual accounts will under this new change. Of course, Mr. Alford: The Hongkong
conduct was responsible for the fact that all were saved. His ex- effecting a change which they feel be presented about two months we will deal at the ner: Meeting and Shanghai Bank keepall their
After many days of irksome perience was that of climbing would be of great benefit to the moner than has been possible with the question of some extra accounts in dollars.
waiting by friend of passengers down the side of the ship with Company. Unless you have care under eriting. conditions remanera ion for the: Directors,
The Chairman: Bat that in
on board, the Messageries Mari- the aid of a rope, bat, he added, fully compared the resolution (bear, hest, and this
lause by clause, with the existing react
will which I hope to bring forward not our case.
times fine boat a, Andre Lebon "everything was managed just as advantageously to then. I bare much plessure in
steamed into Harbour this siter it should be." Sicles of Association, it may all ebsreholders both. here seconding the resolation.
noon bringing with her the -arvi be easy to readily gather from and abroad: These are a few of The Chairman: Before I actual-
Anditor M. C. Hynes vors for Hongkong, Shanghai, from Singapore with the ship A gentleman who had travelled ording what the actual effect the advantages which will certainly put the resolution, gentleman, shares are dollar shares; our are having resigned on leaving the Kobe and Yokohama of the ill-fated said that he had had many talks
contempisted changes ly be gained, and there are others it will be open to any shareholder Sterling
colony, H. O. Bernard Brown, NY.K. liner Yasaka Haru. The to the survivors, all of whom said be. Let me, therefore, briefly connected with the working of who may desire to do so to ex-
Mr. Alford: Then we shall have A CA... has been appointed in his story of how the vessel was made that it was fast-after tiffin that a to you the changes which the Company which it is perhaps press his views on the matter. our gold basis in every respect, place. The accounts have been the victim of the heartless anbudden shock was felt throughout Sntemplated. Our Articles
unnecessary for me to meation in Mr. Robert S. Levy: As your our company registered in London audited by Messrs. E. Percy marine warfare practised by the the boat. ociation were framed a good detail. I would remind you, meeting will be held in Hongkong, as a London Company, and no: Smith and C. Bercard Brown who enemy, and how the passengers what had happened, bat on Some did not know years ago, and do not lead however, that your Company, I tould like to ask whether the as a Colonial Company; and we now retire and offer themselves were all safely got into bosta and rushing down were told selves readily to a change of alike a monopoly, has to com- English shareholders will be able shall also continue to keep our for re-election. mort, which was, of course, peta with similar undertakings of to be represented by proxy at such accounts în gold.
later picked up by a Erench gun- that they had been torpedoed. contemplated when these various nationalities which are meetings, or whether time will be
boat, has been told many times Some of the passengers who had The Chairman: Yes, you are else were adopted. The free from many of the disabilities given.
since the affair happened, and telescopes managed to see the sub quite right correct, sîr. lation, however, has been under which we labour. A hand-
with each telling the praise bes-marins about three quarters of a Mr. Alford Thank you very Hongkong Land Investment and towed on all concerned with the mile away, but no one seems to by carefully drafted by counsel, ader instructions from our solica which may not be serious by our legal adviser that if a moch.
Agency Company, Limited.
safety of the passengers is en-have seen the approach of it. when borne alike by one's com- Power of Attorney is went to The Chairman:-The sole res- stars, and, se far as we can see, petitors may easily involves Com Chins it will be available to son for the change from London
The twenty-seventh report of phasised. To-day in Hongkong Everybody spoke most highly
officers and will carry out what is required. Ipany's existence when not borne whomsoever it is given to re-to Hongkong is that the Board the Board of Directors of the above Harbour that feeling of thankful- of the clansos. A.B,C,G,U,J,ELM, the
ness was again" given expression saying that they played a Company, states — resolution providesicr the transfer the competitors? So far, present the home Shareholders may deal with circumstances sa
The Dire or have now to anb to and the reunions after friends great part in the work Mr. Levy: That does not quits they arise more promptly. You of the Head Ofice and Board of Gentlemen, I have placed before Directors of the Company from you the views, as I understand answer my question. Will notice can very well understand the mit to you a general statement of and relatives had passed through of getting the passengers off. In such a trying time were reverent fact, they believe that the passen→ London to Hongkong, and gives have explained, so far as it is so that such Power of Attorney Coast, it is very dificult to con-
them, of Eastern shareholders, and of the meeting be given in time our business being on the China the affaira of the Company, and balance abeet for the year ending
and touching.
gers owe their lives to the bravTS, effective control of the Company's possible on an occasion of this may be given?
There was great excitement on calin and quick work which the working in the locality where its sort, their effect if adopted.
trol it affectively on this side. Of 31st December, 1915.
Blake Fier when the boat was crew putin. The work of getting The net profita for that periol, sighted coming in from Lyemoon, the boats lowered was performed" entire business is carried on. It Permit me now, in conclusion, to the same as the present position our board have Chinese experience, including $10,348.01 brought large party of friends and rela-well. Some of the ladies had
The Chairman: It will be just course, a good many members of
naw and more convenient article, paying all charges amount to that were used to assist
say a few words more directly on The shareholders in China cannot but at the same time you can forward from last account, afistires having assembled to board their
fingers cut by the olause F. for the removal of For many years members of this Board, the old of our Board have known of this for instance.
which we are holding to-day, with an Eastern situation it will $412,66012. From this amount meet the ship. On practically every them to get down, but, apart froca ing
be far better that mes on the an interim dividend of $5.50 per launch were persons awaiting that, not an injury cocured. article, No. 74, being cumber desire on the part of Eastern
Mr. Levy: Then I take it there spot should deal with it. Taking share has already been paid. Clause I and J provide shareholders to transfer control would not be time for notice to be is from the point of view of
with impatience the signal that the Even a lady's pet dog was saved, It is now proposed to pay a for the appointment of atoms of the Company's affairs from sent over here and prozive obtain Meears. Jardine, Matheson and final dividend of $3.50 per share police inspection was over and this being the last thing to be r in Great Britain with full powers London to Hongkong, but, till 1?
Co., who are our General Mana- and after writing off Directors that they were free to go on board, moved. Of course, there was not
the intervening time seeming twice time to OSHY ON Bny work which may now, this has not been pressed. The Chairman: Not in every (Kens, you can very well under and Auditors Fees there there re-i
to get, many personal. from time to time be necessary. The direction of the Compsoy case, but if anything of great im-stand that we would prefer, and maira a balance of $54,160.12 to as long as it actually was. There belongings away, and some and especially to deal with car has remained here, possibly ow-portance was on the tapis, notice we find it of great assistance, be carried to the credit of a new Debenture Issue and the transfering to sentimenti reasons. Now, would certainly be given and time
they wore. For pine Praft and Loss Account. body of Ingm of shares. So far, this is merely however, the demand has come in given for all the shareholders in in Hongkong to advise us on any having resigned Mr. E. P. way, friends were soon greeting boats, ten in number, all tied to Directors. Mr. G. W. Barton warming up the companion long hours they were in the open a reversal of the present arrange unmistakeable form, and the the ordinary course. There is no particularly difficult point. The mant, Hongkong and the Colony Board cannot ignore the desire particular rule or regulation by men are in Hongkong, which, as
each other. Many of White waa invited to rejoin meetings were quite touching, for matis and were only 37 miles away the gether. They were lowing for Dal of Hongkong being substituted of an overwhelming majority of which such a course would be you know is a small place, and if the Board in his place, and this those arriving had paed through waen they were picked up by the for London and England, re lits shareholders. It is, perhaps, taken, but it is only common anything anusual cocurs we can appointment now requires con spectively. Otherwise the system not human nature for the present courtesy, when there is matter of get hold of the Board there in the firmation. Mr. H. P. White and What has for so many meant French gunboat, "and"taken to under which the Company is work- Directors to express sny satis importance, before the share course of the morning and have it Sir Robert Ho Tang nonete by was none the lees intense than on to stay for ten days, and the Cor ed remains unchanged. One new iaction at the prospect of losing holders, that all shareholders: settled and done, whereas now it rotation and offer themselves for the isunches, and the whole scene pasy made advance of money to provision, however, is inserted under clauses D and E, whereby it our seats on this Board, but we should have an opportunity of would have to be referred re-elections
was full of improesÏvenes. have very carefully considered putting forward their views. is stipulated that all Directors his matter, and we feel it is our
Auditora-Mr. A. C. Hynes to London by telegram, and it is must be British en bjects. This goes
Mr. Lery: I should like to ask not always very easy to explain having resignad on leaving the a step beyond the recent Order in duty to tell you that we are an- one other question. Is it intended within the four corners of a tale colony Mr. C. Bernard Brown, graph, who went on board, found tion to wire Home for more cal
animously of opinion that the to remove the English office even gram exactly what the situation/A.C.A. has been appointed in his that all. " were Council with regard to British Companies in China, which calls Proposed change is to the Com-tually entirely from London? is. There're, permally, I think place. The accounts have been occupied with friends to want to treated by everyone, was of the speak of the terrible experiences very best, this remark applying Hadited by Masaca, E. Pardy only for a majority of British and notes, so we recom- The Chairmsa: No, certainly that the proposed change is a gas and G. Boensed Beow through which they had passed, especially to the Agens of the Com- mand the resolution to your sc- not, it will be in London. The most excellent one in every way who now retire and offer theme Speaking to the Captain of the pany, who never tired of doing all Directors. In the opinion of captarce. Four Board, however, this is a solution coming into effect, I may Attorneys will be appointed here further questions to uk or 18- In the event of this re-resolution specially provides that Well, gentlemen, if you have no
sunken vessel, our representative he could. Tacre was a general was told that all through the parchasing of tresh clothes at Port wise provision, and one which we mention that fall and adequate for the purpose of transferring marks to make, I will put the think will commend itself to you, arrangements have been made for shares and doing any other busi-resolution which has been pro
affair everyone had treated them Said, and it was in some in-tances with kindness and con-iders-quile pathaue to use those who (Hear, hear.) Now, gentlemen, why have our Eastern sharehold-providing for those members of mass for the Company which may posed by myself and seconded by
London staff who would be be necessary.
West Point Building Co., Ltd. tion. He had given a full report had lost all making small Mr. Barder, Will those in favour a
of the matter to Tokyo, and was purchases. The rest of the journey Dome to you to-day affected thereby. As, in addition with these proposals, and
Mr. R. G. Alford: Mr. Chair. kindly hold up their hands; to
The twenty seventh report of too busy to say anything farther. from Port Said to Hongkong had to being a Director of this Com-
Speaking to what advantages
one of been uneventful, except that st the gentlemen, remain a London Registernly, gentlemen. I thank you for Company states he
who wishes every port of call they hart heen firm of Mesars. Jardins, Mathe- English Register. and foremost, it is a desire for son and Co., Ltd., who act as ita
your attendance, a
The General Ageata now sub to remain unknown, the quite warply received. When Home rale. Please bear in mind General Managers, I should like,
The Chairman: Yes, sir,
The proceedings them to wit to you a wistensent of the Telegraph reporter was told passing Japanese boats greeti Mr. Alford: Is will not be that our entire business is carried
afsize of the Company, and bal that there was plenty of time] wace always eno
has been necessary to frame a
some.
are
to be
members
The Chairman: I am advised
baye
貔
salves for re-election.
raised if you adopt them? First Pany, I am also a member of the man, I think the Register will the qouteáry. Camied unanimous- the General Agents of the above
a
crew,
awaited signal was given, sud, what was quite a scramble when the of the people only possessed
death. The excitement on board Port Said. Bers they were forced
those passengers who had lost all A representative of the Tele- they had and were not în sa posi-
too much Tas manner in which they wers