COMMERCIAL
The Anglo-Persian Oif Company.
The Anglo-Persian Oil Com pany made in the year ended
·March 31st a profit of £99,431,
paying
CHA
once
THE HONGKONG TREEGRAPH MONDAY IN
LAOU KUNG MOW CO. RAILWAY TO RIVAL PADEFECTS IN US.
The Annual Meeting
to
ad.
NAMA CANAL.
May Divert Considerable Amount.
of traffic, ...
the means
Steps taken to Remedy
Conditions.
Shortage of offers.
Shortage of men.
Lack of fast armoured cruisers and fast light cruisers.
HONGKONG SHARE REPORT-
LERS: SA SALE; R- NomMUSIKAL.
OFFICIAL PRICES.
Banks
Marine Insurances.
China Fires H. K. Fires
Douglases Licitations of mobility and Steamboats seagoing qualities of submarines. Indos (Com)
Lack of air craft.
at fleet rendezvous.
Necessity of increased facilities Need of battle-target practice at long ranges
Provision for. division com- mandaza for mining and suxiliary divisione:
Daniels says
| Indos (De£).
b.
"BANKS"
BANK OF CANTON-
LIMITED.
HONGKONG SHANGHAL
BANKING CORPORA.
TION.
HEAD OFFICE HONGKONG PAL-up Capital me
FOREIGN EXCHANGE and $230 General Banking Business Trane- £71/10/- acted.
CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re eaived.
INTEREST ON FIXED
DEPOSITS:
For 12 Months 4% per annum
LOOK POON SHAN,"
Chief Manager-
NOTICES.
CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up...$1,250,000.)
Loans on Mortgage of House Poperty, &c Goods received on Storen
350 $950
Fangtares
SAI 73 $40
-Fire Lasurances.
1168 5410
For 3 Months 3% per annum
Shipping
For 6 Months 4% per aanum
$18
$186
$136
$30
9716
您
$39
Refineries.
$140
Luzous
TEE
$59
Mixing
Kalana Baubs Troachs Crais
S^- $.80
351
'Docks, Wharves, Godowns, &c.
Wharves Docks New Docks, Old Shai Docks
b
STS
$9412
Advances made as Mendive Ideow the Provider: System (Rates and Particulars on application).
·The Office of
mom
b.
+64
93.
Lands, Hotels and Buildings.
D.
b.
t 94 $102
$37
$6.20 PE
be
107
TIME TABLE
b.
$87
STEX DAYS.
1.00 DI
1.00 4.3. Zetor 19 Ma
b.
$96
1.00 AM, 10-26-00 23.
Cotton Mils.
14.00 - 1
+
23 z
Ex
$340
tưg Pak, to LeŚ POD
$12
L HỘ D
Any
KEY PL bo
4.1
NO PA T
1.90
t. 6
$10.35 $1.70
10 to TRAN, O
11,00. 4.K.
b. ex div. $9,30
Moo Mooer te 1-803-31
5-00
b. b.
Do
600 10
$1074 $432
$180
$92
H'kew Wharves
HK Hotels Anglo F. Lands Land Invest
Centrals
Ropes
I-
S
$9014
مانی
TRUSTEE EXELUTOR OF WILLS, ATTORNEY, A Taderaaken and Executed
RESERVE FUNDS:
"Starting:""
£1,500,000 at 21-
Silvar
**$15,000,0GO $18,000,000
$53.000.00g 2
Reserve Liability of
Proprietors.$35,000,C; B
MERT OF DIRECTORS.
203, Dodwelk fan. Depory - haarsan.
W. L. Fastendien Iso-ChaiREKA.
6. M. Sakina, haq.
C. «Gudday Nig
Hop, Xr, F. H. Hayaat.
Bon, 3 D tandalo
1. A, Plummer, Rach
Ben Mr. Ebbečlini
UNDESLENI
Hongkong. J. Stabb, Esq.
MASAGER
Shanghaimli G. Stephen, Esc. London_Bankers-Leedon County ind
Westminster, Límeket,
Hongkong-ervant Allowed:
„On Current Accpent at the zazaal 2 per z: UL PER anton on the daily balance
ON FILED SIPOSITI,
i
For 3 memša, tj per cent per annum. Yor & manches, de per cent, per AZRAEL. For months, 4 per cent. per annum.
N. J. STABE.
Chief Mazag of
HONGKONG SAVINGS BANT.
THC Fusiness eɛ the above Bassia is er nducted by the MCFGKONG A PHEANG BAT BAN KÄNS
ORPORATION:
Rules may be obenient on application INTEREST va deposits in allowed on the min Tim monthấy balances ar 338 per cent, per hamton,
Deposites inay transfer, at their option, balances of oo or more to the Hongsong and Shanghai Bankia Su placed on pred DEPOSIT AL 4 per 'cent, pet antem.
For the Hoe glang zat St anghai Banking Corporn- tice,
N. J. STABB,
Chief Manage I
SHEWAN, TOMES & Co., | THE MERCANTILE BANK OF
General ManKUMTA:
NOTICE
INDIA, LIMITED.
Head Office 15. Gracechurch
Street, London.
Authorised Capital ........... £1,340,00#
EAK TRAMWAY 30, Subscribed
LIMITED.
TEMS TUIN 10
S. YO
NIGHT CAKS.
30 MT
# FINE DERË fara á „pes CHSL 36%
ILDS zan every kad soGIN
4 230 243 1
every crew of an betEE.
SUNDAYS
24323 to 10-30 Abe, ZYNY 15 MIN
-
oo Soot - FJ MIN.
-
•
w
XIGHT CARS a ̋oo. Wenke Days
ш
SATURDAYS
Cart to midnigh SPECIAL taks
By Azzangement as the Company's"Ošice,
Det. Vacs Bow, Craval
$6,20 $10
and peech tier ett mesilable for all can- cants 85re already full running at the time sted in the
Washington, January 19-Mr. Daniels, (Secretary to the Navy),i. The Lacu Kang Now Cotton A railroad that is to be a rival in transmitting, ty- the Senate After wiping off the previous Spinning and Wearing Co., Lad of the Panama Canal? Just so Naval Cocanities Rear-Admiral profit, and loss debis of £26,711, bold its twenty-second ordinary! a sum of 263,720 remains. After meeting last Monday at Shanghai. the interior of the South Ameri-year ending June 30, 1915, states
and it is only sixty miles long, in Fletcher's annual report for the Banks the dividend on the 6 per Those present at the meeting in can continent, and neither ter-that steps have been taken to cent. preference shares, the recluded the following directors, minuo is within hands of miles remedy fifteen specific complaints Cantare sidue of £7,878 is carried forward. Hr. E. C. Pearce (Chairman), Mr. of either ocean. Sounds rather as to the condition of the Atlantic North Chinas The Foorumist, commenting on C. M. Bain, M. E. I. Ex Mr. piscatorial! Perhaps. Bet read fleet, detailed by the admiral and nons the report in the “I told you so
Chung Liang-ya, and shareholderai spirit writes:-"As to the pasi representing altogether 1,736 more reasonable. The statement follows:
the reet, and may be it will sound summarized by Mr. Daniels, sa tion of the company generally, shares.
does not mean that this railroad is the report justifies all the serious
The chairman vaid :
going to transport ships from one warnings which we gave at the In laying the report and socean to the other. It does mean, the Government comnts before the shareholders, however, that it is likely to divert time when obtained control a few months your Board regres that the reas
a considerable amount of traffro before the war. Quite apart from of the year's working is not satis between Europe and certain rec- the obvious objections to the factors. In reviewing the past tons of the Pacific Coast of South Government entering into a com- year, I have to report a complete America, which would otherwise Eack of radio direction-finder. | Lindos (Pref.) mercial speculation of this kind, dislocation of the mill's internal utilize the Canal, to an entirely we pointed out then that the working during the greater part new route. At least that is the battleships.
Too frequent overhaul of Shells
Ferry pipe fine ran through disturbed of the year due to staff and labour contention of the author of an
Necessity of maintaining fall country, that the adequate de roubles. During the first quarter article entitled "La Quisca Tupiza complements in active ships of Sugars fence of 150 miles of pipe was your Board were faced with an out- Hiral to Panama Canal," which the fact impossible, and that therefore input from the mill showing a quan appears in the December num Need of additional mining and tims of war the acquisition sity of cotten to produce a bale of ber of the Bulletin of the Fan-sweeping vessels. would be of little me. Any-yarn out of all proportion to our American Union.
Desirability of mobilizing ships) one who reads the
report previous recorde, owing to theị La Quiscs and Tapizs are the in reserve annually with sotive will
that amount of waste cotton produced names of two little island towns in feet. these predictions have beea in spinning. Very little better re- South Americs, the first in Ar- fulfilled. On February 5th salts were obtained for the pest rentins and the second in Boliva, are told, a small portion of the quarter. Your Board realized The first is linked up with the company's pipe line was damaged tust it was necessary to make railway systems of the former by Local Persian tribesmen, and drastic change in the working of and the second with those of the the transport of oil was thereby the mill...Mr. Morphine, last named country-and is is the rendered impracticable for our manager for several years, sixty-mile hiatus between the two months, refining operations being endeavoured to do his best, but that this new railway will connect suspended for a similar time. The was unfortunately severely handi- ap. How the building of this design of fighting craft intended Provision for more speed in Penian Government are said to capped by ill health, which was road came about, and just how it
to operate with the fleet. be liable for the consequent la. 8, corroborated by a letter from
may affect the Mams Cazal
Need of anti-aircraft guas. but what prospect is there of ob- the Company's medical
trafic, the author of the story tells taining compensation from them? viser informing the Board
The summary is denoted as 'phreys Est. me sa follows: Again the Turkish Government that he could not further ständ
showing the " principal weak-Kloon Lands Bolivian Railway System. requisitioned the company's oil the strain of management. Dux-
nesses and requirements of the S'hai Lands "The Bolivian railway system, feet" Many of them are of long West Points and other property to the value ing Angast the hands became so the building of which was un-
standing, Mr. Daniels' letter says, of £51,000. What chances tre anruly that it became necessary dert ken nct many years age by and some were in process of cor- there of recovering that? While to dismiss the whole of the native, the Government, was a compre rection before the report was made.was the pipe line was out of use the staff
hensive effort for development on
* Others within the scope of the Eung Tie production from flowing wells in Mr. Fairhorst, or present a large scale. It took in both the excess of storage accommodation manager, was engaged on Sep-highlands and the lowlands of the Department's authority bare since Lau K. Mous had to be barni, and thereby, potember 14, and took over charge country. 1. sought access to the bean remedied,” the letter adda | Shai Cottons "and recommendations are al-Tangisepoos doubt, gress loss was sustained. of the mill on October 2 Then outside world through three
Miscellaneous- ready before Congress for such Under the circumstances it has commenced a period of intimida- channels: First, down from
b. other needs as the Department Borneos naturally been impossible to tion on the part of the dismissed the highlands to the Pacific.
China Light & P. has approved and cannot provide employ to the fall the capital Chinese breed discontent This has already beea
Providents without Congressional action. We which our Government pat into among the new bands; at one accomplished by th3 concern, amounting to time in September the troubles of three roads ending at Anto- have already acted upon practi-Dairy Farms
Green Islands cally every suggestion.” £2,300,000.
almost resulting in a com fagasta, Arica, and Mollerdo, The High Price of Iron. plete stoppage of the mill. In three
After & detailed description of HK. Electrics Pacific
porta. Second, One result of the war has been these circumstances, the output through Argentina. This is about other work in progress, Mr. Ice Co., an extraordinary rise in the price was sericaly affected. The labour to be accomplished by the La,
Let me add that the foregoing Trams, Low Level of varions imported goods, and trouble became so acute that on Quisca-Tapiza Road: Third of these the chief in point of the evening of October 4 several down to the Mamore, the Amazon that the feet is better org.mized, Trams, Peak (new)b.
facts demonstrate conclusively Trams, Peak appreciation of value se dye; loafere obtained access to the mill and Brazil. It is with the second the chips more fally manned and Langkas drugs, and metals. As an instance with the sight shift, who, after cutlet that we have et present to of the remarkable enhancement extinguishing the lights, started do.
more competently offered than P'pine Tobacco. beretofore; that our gunnery Pulpes in the price of iron, it is stated a miniature riot in the spinning "On August 23, 1915, Presid. that the contracter who is build room, causing the breakage of ent Montes, of Bolivia, on behalf headily improving, and that most ing the Public Hall now in conres several window and the deliber of the Bolivian Government, ac-
of the requirements of the fiset. Waterboats ennumerated by the commander- of construction at Nakanoshima, ate cutting of some 10 driving cepted the proposal of Charles A-in-chief, while of long standing, Wm. Powells Osaka, ás a donation of H. belts. The police had to be call- Vesin, of Paris, for the construc have already been largely cor- Iwamoto, a well-known Kitabamsed in to restore order.
tion of the La Quiaca-Tapiza rected. stock-broker, could realise a prof Matters commenced to run Railway connecting the Bolivian of something like T300,000 if he more smoothly in November, but snd pulled down the framework to the new Chinese contractor was way systems. (The work was morrow and sold off the materials, unable to turn cat anything like undertaken by the Vexin syndicate gellar. Of course, one must not The contractor imported the iron our normal production. Daring for a lump sum of about $4,500, icse sight of the Paname route, frames required for the buildings the last quarter although the new 000.). Judging from the but this more nearly concerns the amounting to over 10,000 tons, manager has been able to reor, length of the road, about sixty just before the outbreak of hostili ganize sucessfully the internal miles, people anacquainted with rope. Passengers and mails from ties, as Y130 per ton. The market working of the mill, the market has Bolivia might no attach the the United States to price for these iron goods, bow been against us, yarn, as you are significance to its building that and Bolivia, even before the ever, haa now risen to Y350 to sware, gradually falling away in those better acquainted with opening of the canal, generally Y400 per ton, and so the con- price: Under thees very adverse Bolivis and the Bolivians them followed the Panama route, and T/T..... tractor could make a profit of circumstances, against which your selves do. The importance of of course this traffic will not be Demand. 7800,000 if he sold the iron Board hav9 had to contend the work consista in the fact that diverted to the new route by way 30 €/s............ material at the prevailing market throughout the year, it is to be re- it farishes the connecting link of Buenos Aires into Bolivia. price. Another story is told of a gretted that no dividend is between the railroad systems of
"Without the linking up of
TIT Shanghai cartain Osaka concern which has possible.
the east and west of South the Argentine and Bolivian sys- been keeping in stock for several Your plaat and machinery are Ameria. 1 furnishes & shorter tems through the building of this T/T Singapore......
TT Japan years a number of old, dilapi- in good working crder and al- and more direct roata from Europe connecting line from La Quisca TT India. dated power-loome, simply be though we are unable to recom- to Bolivia and the west coast, but Tapiza, the Panama route Demand India. 143/4 cause there had been no buyers mend any depreciation this year, in particular that part of the would become the principal factor T/T San Fco &N.V. 45 7/8 at a decent price. Recently, they stand in the bocks at a west coast north of Antofagasts, in trade and passenger con- T/T Java, however, all these machines very conservative figure, thanks Daring the summer that is, nections between Europe and the T/T Marks...... were sold at an unexpectedly to the policy of previous from about September to March west coast as far south as Anto- T/T Francs good price, not for their value aa years in providing ample de- or April (the seasone in the gafasta and even as far as Valpa-Demand Paris ---2.70 working machines but for the iron preciation. During the year you southern hemisphere being the ra- raise during the winter months.
4 m'a. LC. they contained. It is even ang-will notice from the accounts verse of oars)-the saving of time With the building of the connect
1/11 7/8 4 m/ε. D/Paanovsoro: 24** gested that railway companies that we have spent Tls. 12,77125 from Europe by way of the new ing link mentioned, however, the which are paying small dividends is repairs and renewals. From route to Bolivia or Para world problem is entirely changed, and 6 m/s. L/C2-1/8
Little or no dividends at all should sell the accounts you will observa probably not amount to more than this
sixty miles 30 d/s. S'Dey & M-2-18
Bolivia their rails at the present price and that the undertaking is on a good two or three days as compared of railroad in
be-30 d/s Sam Fco & N.Y. 47 36
4 m/s. Marks......... Hom go into liquidation. That the sand financial basis, and now with the route by way of the mea a teal competitor for
48. Francs 280 1. present high price of iron will that the reorganization of our Argentine Chili Trans-Andean traffic, with Panama Canal. So upset many an estimate for er- labour question is on a satis road; but during the winter far as passengers and postal tra the 6. Fra 2.85
Demand Germany..... gineering works proposed by factory footing, we should reap months, when this latter route is is concerned, the Argentinc Demand, New York 46. different prefectaral and the benefits as soon sa the market closed to traffic and passengers
Bolivian route bas every advantage T/T Bombay w municipal authorities goes with for garne recovers from the and mails are forced to take the in the territory comprising all of Demand Bombay 143 3/4 out saying Ja Tokyo, for in-lethargy into which it has fallen southern steamship route by way Bolivia and, & very considerable T/T Calcatta stance, there are four iron bridges daring the last three or four of the Strait of Magellan, the part of Perasad Chili. Consider Demand Calcutta 143 34 the commencement of work on moatha.
saving in time would amount to ing the anorganized condition of Demand Manila which is being delayed owing to
both routes at present, it would Demand Singapore 82 over ten days. the high price of iron. It work
be, perhaps, a little venturesome On Haiphong-3 14% prem Effect on Panama Route. "The usual route to Bolivia in comparing them to state which On Balgo A Valuable Philippine Plant from Europe has been by way of route will be the shorter in the On Bangkok 97/6
Sovereign would be found to be 30 to 40 per A Vanilla-producing plant, the Argentina acroes the mountains matter of time. Ia distance there Gold Leaf per oz $57.50 cent more than the estimates. The Fax lia oralis, has been cis- to Chili and by steamer up the is not very much to choose. In Bar Silver. per oz...27 Tokyo municipal authorities are covered in the Philippines on the coast to Antofagasta, Arica, and point of convenience and comfort watching the condition of the iron island of Mindoro. The plant Molierdo, and from these points of travel, the southern route, par- market, and unless there is an resembles in many respects taking one of the three rattroadshape, will have advantage, and early fall in price, all the placs anilong (Pothus rumphii). The over the mountains to Bolivia will no doubt be less expensive. of projected bridges will have to newly found plant is being in- As stated, during the winter In the matter of freights, it is not be altered, and stones or concrete vestigated with a view to its months this trafic was diverted quite so clear where the advant bridges used instead of iron. development for trade purposes. south through the Strait of Ma- age liza”.
on these were proceeded with sa
originally designed, the
cost
the Argentine rail---
**
United States than it does Eu-
Pert
Laundrys
Watsons
Morning Posts
*
+ $7 Com's me table, but not the special C OF
be obtained on suplication at the Company's Odor No Semce ticks will be issued natik payment there ir has been made in Eank Sous or be MagarSor $20 Compradore weier representing Banke Seers." JOHN D. HUMÉEKEYS & s
b.
b.
b.
b.
$15}
b.
$6,85
b.
15
$29
b.
CORRECTED TO BOOK MONDAY FER, 25, 1916, WRIGHT & HORNBY, Share and General Brokers 6. Des Voeux Road Central,
Tel address, Rectituse.
60 d/s...
1/5
EXCHANGE
SELLING
1/11-3/16 1/11/
1/11
-1/11 7/16
73 14
82 91 34
143
m. 109 Nom
2.69
BUYING.
-9214
$10.30
SUBSIDIARY COINS. Discount per $100:
Chinese 20 cta, pieces 18 95% Chinese... 10 Engkong 20 cts. preces 83424
Hko 10.
16%
8362
MITSUBISHI GOSHI
KWAISHA
(MITSUBISHI CO)
COAL DEPARTMENT.
SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTABE, YOSHI NOTARI, NANAZUTA, SAYO, SHIBREW, BIBAI and KAMIYAMADA Dollleries.
AGENTS FOR SAKITO AND OYUBARI COALS.
Paid Up
Reserve Fund
T
1,125,000
5500
$00,000
BAKKRRY!
The Bank of Engiami, The Lendom It took E Jimited.
BRANCHEZ
Karachi Kota Bharu Keila Luz
Peng Rungon hanghai
Caleutia
Bombay
Colombe
Iveral
Gade Songkong Kowzak Kandy
Singapore.
FO CHOC BRANCH Every description of Banicing and Exchange besize transacted.
Interest awed on Current Becaents or a per cent. per annum ve Daily Painoce, and on Fixed Depon at rates which may be ascermined an applicación.
C. CHAMPKIN.
Acting Masszer
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
"
Incorporated by Royal Charter 12,
BEAD OFFICES-LONDON,
Taideng Capital Reserve Frid
Reserve. Liability of Proprietors
£300,000 £1,200,000
PODEIGN EXTRA' GE and Genera! Bankine
Seninem bramattal, GOTICONS ACLOUSES opened and FIXED. DEPOSITS Peived for 1 year or shorter periods, az cates which will be quoted on sgpletion.
W. DICKSON,
Manager. Hongkong, 11th April, 1912.
INTERNATIONAL BANKING
CORPORATION
HEAD OFFICE:
60, Wall Street, New York
LONDON OFFICE: “ 36, Bishopsgate, ECL BRANCHES :-
BOMBAY. CALCUTTA. CANTON. CEBU. COLON. HANKOW.
LONDON.
MANILA.
PANAMA
PEKING.
SAN FCISCO.
SHANGHAI..
HEAD OFFICE-MARUNOUHONGKONG. SINGAPORE YOKOHAMA
CHI, 10KYO.
BRANCH OFFICES :-SACASARI, MOJ, KARATSU,
TOBE
WAKAMATSU CAPITAL PAID-UP $3,250 030 RESERVE FUNDS 4,210,009
OTARE. MUROBAN, HAKODATE KOBE OSAKA, KURE TOKYO, YOKO KAMA. NAGOYA, TSURUGA, LOK DON.SHANGHAL, HONGKONG.HAX
KOW FEKING and CANTON, Cable Address for above:
"TWASAKI
Codes: Al, A.B.C. 5th Ed, West-
ern Union. AGENCIES
(US. Gold) ST.460,000 All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted
N. 8. MARSHALL
Manager.
CURRENT ACCOUNTS operi- ed and FIXED DEFOSITS received at rates to be ascertain- CHINKIANG-Messrs: GEAR-ed on application ING & Co. MANILA-Messrs. MACONDRAY & CO. SINGA- FORD Messrs. BORNEO Co. |LTD, GLASGOW-Messrs. A. R. BROWN, MCFARLANE & Co., LTD.
For Particular, apply to
K KATO.
A Manager,
No. 2, Pedder Street, Hongkong.
THE NEW PREMOM REMEDY, MAT PEZ M543
THERAPIONEE
• PODRON, ELDWYY. PLANNED, VEZIARY DESSARINI,
ENTIERIVE FOR FREE PODELEZ 1 MICO.KAVERIZOCE LEMNED, MOTIVA. ZAKIS SEMPTS 15 HER CASTIGLIONE TEMEL NEW TREE DEPOT: MR. HERRMAN ELA Í FOR YOU TRYPEN DRAGET (ATZILENO POUNDS TANT TO TAK
SAPE ARD/ LANTING CON
THERAPION
· TEST TRANE MARKED WORD "TRERAPION, JE OF
THE ALEXANDRA CAFET Cannot be Beelen, if Equ.ed for Bread, Cakes, Confectionery and meals with Wines & Liquors.
THE
YOKOHAMA SPECIE BANK.
LIMITED. Established 1880... Authorised Capital Yen 18,000,000 Paid-up Capital
30,000,000 Beserve Fund - - 20,000,000
·Head Office--YOKOHAMA,
Asung-Heian
"Calenzan
Aganches an
Botolia. Zobe
Arthur) San Franches
Bydany
Lokyo
Los Angeles
"Sydary
Losin'allowed on Curama & GOONIE.
EIGHT ONG; Mangar
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