SHARK MARKET QUOTATIONS.

| SHANGHAI SHARE LIST.

LIGHTERS AND CARGO BOATS.

TRADE AND.

Up to the Minerbo,

Unions.

Steamboata

b. $975.50.

A$ 19.00: Indor (Com). b. $178.50. Indos-Def.) b. $131.50 Indo-Prof. b. $ 47,00..

Kalana

Tronoha.

b

B

31/6

10-

HK Wharves 1. 3 71,50. Docks (Old).

a. $118,00 Docks (Bow). & $113.00. Sh'ai Docks. b. $ 63.00 West Point. b. $ 87.50. Ewoe

b. $150,00 Green Islanda. b. $ 10.15 H.A. Electrics. b. # 45.00, Bopes.

$ 39.00.

COMPANY REPORT.

Chlaz Sugar Reflaing Company Limited.

The statement of accounts of the above Company for the your ended December 31, 1915, is 38 follows:-

+

Profit and Loss Account.

101,987.06

To Interest,

To Remuneration to

Consulting Com- mittee

To Anditors Fees, To Balance Profi: 18 per Balance Sheet,

By Gain on Working

2,500.00 750.00

1,148,976.80

1,254,213.05

$ 1,254213.95

Balance Sheet CAPITAL, AND LIABILITIES.

Capital 20,000 shares

of $100 each fully paid up, Equalization of

Dividend Fund as per last a/c..

Sundry Creditors,

Profit and

Loss Account,

Proft for year to date, sa per state- ment. “ Lees Balance se per

1set 3/

ASSETS.

$2,000,000.00

Ca's weekl abero circular Revised List of Miring Charges,

Mensen, A. L. Anderson: kud

(Shanghai, 11th March,) saya———

Hardly any business has bee

affected during the past week, and

1899-

Pas

Par dar

richs

and upwards, Vossels under 10,000

$60

50

25

0.59 (1915) am 1034; Gas 6 per Vessels 10,000 pienla cent at par; and Race Club 6 per went and Country Club 6 per cent. at 103.

Banks-Hong kong and Shang- hais show no change from last week; only a few shares ware dealt in, the ratas being $795 and $800. Cathays did not receive attention.

picals and not less than 5,000 picule... Vessels ander 5,000 piculs and not les than 4,000-picals Vessels under 4,000

picule and not lees. than 3,000 piculs

40

30

$30

20

America and Britain.

to-morrow, thi

day. Was muss “take this meaning that in his view, the time- han ocene for a decision on MIS ontatanding contearenting. Thera is to be, we should infer, a oloss time to the discussion What then, are these controversiem ? The

There have could

of suggestion

no

besen inhumanity

TOBACCO.

A

BARMARKERS IN

PARIS

Keep Tommy Welt Suppliedz

comme from France, The Sydney Sancing Finos bas

Puis, Februsy 7. the following:

Tobacco. The word seems to! Paris has given a worthy re-

When Raamaskers fat met

where men have returned again ies Georges Petit, in the presence and again to the danger sone to of two other persons. Forain, was seek a treasured pipe or a lost in his uniform. Before the poach with its contents of tobao- | formal words of introduction had

or any violation of elementary With the usual whimaiaal- been spokes, the Frenchman had ities of fats sach deeds of thrown his arms round the other morals in our conduct of the war.

We must beware of drawing The following regulation has large inferanse from President the few quotations made show 20; been made by the Governor-in-Wilson's words, but no one can United States Government has had / bear some charm, some potent į osption officially and i moficially features calling for special remst Council under Section 39 (8) of fail to be track by "the change some controversy with our own for all lay that will sheer to M. Ramsekate the Dietol Rubbers have slightly weakened under settlement pressure bat the Merchant Shipping Ordinance, tone revealed in his speech is to interference with neatral the despairing and ophift the cartoonist, whose bitter satires on

recently saya the Manchester trade in general and with the hopeless To the average man, Fruscianism are Dow Cotton shares are firming up

Great artists, Cabinet Ministers, Cisuse 34 of Table II of the Guardian. Hitherto the Presi- mails in particular. On this topic tobacco, to a very large extent, known under the slightly better position Merchant Shipping Regulations | dent'sallocations to Germany have, there have been SOME WATM er... makes life bearable. Is it then to of the yan and cloth marketa. In the General marke: there is published on page 755 of the been characterised by a dignified pressions in the American prese, be wondered at that it is counted porters at hotels, people in the little doing and no changes have Regulations of Hongkong, 1914, eloquence upon general principles and we do not doubt that it is as of the greatest blessings and street have taken M. Bismankers is hereby deleted and the follow which could not have been better exploited by German sympathisers boons to the soldier, or that of all to themselves in welcoming a cccurred. The opening rais 10-

od if the occasion had been a for all and more than all that it the patriotic fanda and Red Cross friend and ally, whose gmina day for T/T on London was 3/15; ing substituted therefor

34. The following in the lecture on internation isw and is worth. The United States is operations the one dearest to our has given form and utterance to the dollar rate being 12.5.

Clothes and the Boche and pilloried Germany the Tobacco Fund 2 Debentures.---À fow

lines maximam scale of hire for fighters morals, combined with a resolute exceedingly tenations of rights of Johnny Cornstalks heart is their innermost sentiment towards

determination to avoid any prae-neutrals, and we can by no means changed hands, leaving a small and cargo bosta

that might quarrel with it for this attitude. food to a large extent the soldier for the contempt of generations tical conclusion balance of buying orders: some transactions noticed were :-8. M. Į

conceivably involve the Unit But to suggest that any immediate could manage when necessity to come. ad Statem in the Earo- crisis has arisen from this source arose to do withcot, but tobacco in pean struggle Dr. Wilson which might in a day revole the majority of cases is essential Forain, it was on the day after the Numerous cases are on record Dutchman's arrival, at the Galer speaks for a country of very mixed tionise the international relations races numbering many millions of the United States would be has been of German descent and some few gratuitous, millions of German sympathisers. and But above all he speaks for a country whose central creed in international politics is the fissare between the Old World and the It is a question of the niceties of foolhardy daring have for the and away they marched up the New. The determined neutrality an exceedingly sabile branch of most part been attended with length of the long gallery, each 15 of the United States is the obverse international lawa branch to success

Bide of the Monroe Doctrine; so, which most wars, notably those at least, it has clearly appeared to in which the United States has 10 him. Bat American neutrality been engaged, have made contri- kas, ss be now tells us, batione due rather to the necee been sorely tried. Germany sities of the belligerent than to has floated him by continuing her zeal for legal improvement. This submarine attacks st the very controversy will continue on the moment when she was disavowing legalistic lines which it has hither her agents or promising to amend to followed, and will remain on the her ways. Nor has it been the same plane of sober argument and submarines only that America restrained speech on which, to 3 has had to endure. There has the credit of both countries, it been the succession of outrages has always moved. The reference, and conspiracies which have given therefore, must be to Germany 2 tire

Americas people some and it must mean that the Pre Vessels under 100 picula 150 1practical taste of "frightfulnes." "sident intends to bring the There has been the intriguing of sabaszine issue to a head. He German officials with the agents may offer Germany the com- of terrorism. Bat over and above, pramise already fore-shadow-

he

merely all this there has gradually dawned; ed upon America the realisation of demand the settlement of the her unfortunate state in a world Lasitanis question. Bat it would in which applied science is ever seem indicated that a point has overcoming same new natural come at which he is resolved at obstacle. Americans are begin-length to have a firm guarantee ning to understand that the period of some sort of amendment in of their isolation is passing and naval “ frightfulness.” that their economic doctrine is

piculs and not less than 2,000 picula 20 Vessels under 2,000

Shipping-Indo-Chinas have maintained their quotation, al-Vessels under 3,000 though for only small businese Tage were not noticed bat azald be placed at quotation.

Mining.-Chinese Engineer- ings came to business at 1160, closing nominal.

Docks and Engineeringe Shanghai fetched 65, 66 and 67 with further bayers at 66). We understand that orders for some coasters, etc., are in band, and that things are brisker is the shops than for some time past. New Engineerings. Sales were made at 10 with farther buyers:

the accounts which will issue shortly should show a record overtura.

Wharves and Godowns Shanghai and Bongkewe. The balance of Profit is shown as Tls, 155,045.50 (including Tis. 4.893.- 50,000.00 16 brought forward) and it is 3,359,554.52 proposed to place Tix. 25,000 to

Repairs, and, after the payment of a 3 per cent. dividend, carry We forward Tls. 22,045.50. notice that last July's typhoon alone cost the company rather more for repairs than the average 304,60273 annual expense in this direction

Landa and Hotela. —Anglo- --844,374.11 | French sold in small lots at the anchanged figure of 108: the

1,148973.83

Property account consisting of — East point refinery, Swatow refinery, Hongkong disti lery, (as per last alc.)..

-... $1,282,637.92

Less sale of old ma-

teriala

Mortgage Caak

Raw and refined sa-

Yances

---

4,500.00

picals and not less. than 1,000 picule Vessels under 1,000

15

picals and not lees than 800 picula Vessels under 800picals

and not less than 503 pioals

10

5

Vessels under 500 picata

and not less than 100 picals

3

LANGKAT OUTPUT,

8

5

Mesra Wright and Hornby advise us that the Langkat outpat for the current month is as follows:

177 181

March 1

Tons 176

9

"

163

391

3

Ħ

30

4

21

5

177

$7

176

#

ww

» 172

8

178

П

9

148

10

156

11

31

12

13

153" 169 160

14

149

15

159

16

*

27

44

160 158

Total to 17th inst. 2,812

Daily average: 165.41

may

with an am over the other's shoulder, like the oldest of friends re-met. Forain left in 10 minutes. An hour later worse

*

The

Speaking with returned officers, que and all have repeated the fact that tobacco has been one of the factors which made for success in one asked Bзemakers if he knew the deeds of daring that have Forain. "I never met him," he made car men famous. They said, "until to-day, but now I

The artist's hotel porter had got seemed to be oblivious of all dan know him very, very well.”

one they had the pipe in their teeth, asid ace officer, while an-possession of one of the sketches. other said the pipes and tobacco Ah, Monsieur, the grace! The helped them cut of many a tight firmness of line! corner, and a third said it kept ception!' And he pancinated the boys out of mischief in their the anstrapping of the artist's spare mamanta. Whatever the bags with adulatory ejaculations cause, the fact remains that appeals and appreciations of the drawing, from officers for tobacco and pipes which showed him to be a real have been numerous.

To-day at the Galeries Georges the trenches for days and weeks Petit, an exhibition of Ras- at a stretch have said that their maskers original drawings, in-

cigarettes were often the medium transferred from Bond-street and pipes and tobacco and supply of cluding all those which bare been of preserving their sanity. They some half a hundred others, was kept ennai and hopelessness at opened. The Minister of Fine bay, aliayed disease, soothed Arts has intimsted to the artist broken hours of slamber, and often that of the drawings to be exhibit- supplied the spur that carried ed, the State desires to parabase is them on to victory.

Returned men who had been in

"Send the boys plenty of the weed," said one returned warrior the other day, and they will bless you. How about the ones in hospital ?' you ask. Why, they

critic

certain number, to be placed, is in understood, in the Luxembourg.

M. Baemiakera has been decor ated with the Cross of the Legion of Honour.

destined to take some different At the same time, the warmth shape in the fature. If Germany with which the American Govern- were triumphant and the British ment takes up all questions of the fleet were out of the way, the use of ses power in the control nest world-war might involve the of trade is ous among many proofs need it even more than the chaps shores of the Atlantic. America, of the necessity for moderation at the front, who can chew it has been forced farther into the

and care in the use of our power. Morally, our position would be destroyed if we, of all people, were to use our strength to the oppression of the smaller neutral State Politically, those who sniff at moral considerations may be think them that we stand to gain or lose mach from neutral sym pathy. We have Allies and their interests to consider as well as our own, and we do not want our enemies in America to be able to

benefits of a

therefore, is beginning to pre-

tough bit of bally beef or a stick background through the opers- $6,253,928.63 meeting is called for 29th instant,

pare herself, just a European

to distract their attention from tione of some other fand or passed accounts not yet to hand. In-

countries were forced to prepare

the things that worry, but the boys over to give opportunity to somos vestments are wanted at 107A

themselves by the military or

in bed, poor devils! well, I have appeal considered mere pressing Weihaiweis. The credit of Tls.

ganisation of Germany.

sympathy, for I have been through at the moment. Yet through all 37141 mentioned in our last,

it myself, and I can tell you it is the backsets and seclusion, the accrued on the company's invest-

Bat Dr. Wilson's words are not

just deadly," Of course, there are public seem to have had it ever ments, and not as previously stated.

concerned with the remoter fature

times the doctors prohibit the nse in mixd, and contributed money Central Stores. The net profit

alone or with general changes in

of even a "fag"-that cannot be and kind in large quantities. for last year amounted to $151,-

American policy. He is not mere- 060:56, and after paying interest

helped, though it is devilish; but Started by Miss Higman under ly concerned to say that there are

for the most part cigarettes are the auspices of the Produce on debentures, etc.; and making

things for which Amaricana

parmissible right from the jamp. Department of the New South 1,278,137.92 ilowance for furniture deprecia-

would fight, that there is some-

guess, the doctors are all Wales Division of the Red Cross 93,000.00 102 nd doubtful debts, the recommended. Kroewoek. The thing that they love better even make a case against as when our amekata themselves, and a fellow Society in September, 1914, it 4,668.02 Directors propose to pay a divi-sixth annual meeting will be than peace, and that this some friends are putting the far stronger feeling makes these wonderous quickly became known as “The dend of 6 per cent, on the ordinary held on 23rd instant, and a thing is to be found in the case against Germay. It is very kind. Our lot was well supplied Red Cros Tobacco-Fand," and as gar, stocks at cost 2,581,438.38 shares, place $48,000 to various dividend of Tia 150 per

share" principles on which their Chorcoal, coal,atores,

Reserve accounts and carry for will be proposed thereat. The political life is founded" All easy to demonstrate the immediate with faga bearing the Red Cross such, it has been supported by the launch, etc.,

more drastic label, tins of tobacco similarly de- pablic. A printed notice in the 226,503.79ward $23,663.00.

balance at Profit (including Tis. this is of the order of platform blockade, bas the indirect losses corated and pipes; indeed, we window of the depot, setting forth Sundry debtota

484,218.28 Cotton Mills-While neither 12,924.81 brought forward) is generalities, which acquire a and dangers which might infinitely were never allowed to run short the objects and nature of the fand, Shipments lese ad-

the present position nor inmediate T 98,875.65, of which after meaning only from the particu ...1,525,914.24

prospects are very tempting, shares paying the dividend and paying lar emphasis with which, and outweigh them are not so readily I do not know who started the idea attracted the attention of paci The- Government of sending them along, but I can by. Dozens of men responded to exe firmly held, and prices show a staff-bonus sad Directors fees, the special circumstances in which grasped.

must go 02 seeking $6,253,923.63 tendency to rise in nearly every Tls. 9,425,85 will be carried they are proclaimed. So judged, meet every complaint by neutrals boon of the lot to the sick and for the boye" It was no un- to tell you it has been the greatest the request for a packet of smokas JARDINE, MATHESON & CO. LTD. instance, due to expectation of a forward Dating the year the they suggest a remarkable clange with attention and sh wing itself wounded. General Agents. brisk business when the Ssechues Directors disposed of 4,000 un-of tone since the day when the ready to modify its methods in

common sight to see half a dozen. C. P. CHATER, Members of

market is again available issued shares at The 11 each. President told us, also quite just detail in relation to every reason WC. BONNAR Consulting

Industrials-Langkats fairly Pengkalan. Of the 2,000 share ly, that there was such a thing as shle Most kronbles Committee, steady throughout the week close isened at 12, 1,757 or 38 per cent, being too prand to ight. They she suggestion our freunde Auditors Report-We have a little easy at 38 Sumatras were taken up by shareholders, must be coupled with his remark relationa. They have involved examined the Accounts of the decined to 125 with more offering. Tabongs. The 3,235 unissued that he had "learned much" since Germany in disgrac, Tast will Company with the Books and Rubbers. Strangely enough shares are to be offered to Share the time when he told Congress not happen to us, but we mast Touchers for the year ending the whole of this market seems to holders on 8th March at Tls. 32 that the need for preparedness beware that they do not involve 31s: December, 1915. We have oÙ- have been affected by the con- in the proportion of 1 new to 22 was not pressing. But morecoteas in difficulties and forfeit that tained all the informatios and ex- troversy between the Directors old shares.

worthy than any generalities in a planation we have reqired, and in and acme shareholders of the

Telephones statesman's speech are references goodwill which from the astaro our opinion the above Balance Anglo-Java Estates (Litd.) sa to the sold in small lots at 97. Con to time and place, and is is when of our cause should be ours. Sheet is properly drawn up so se propriety or otherwies of issuing stractions, wanted at 94, offer at the President goes on to speak of to exhibit a tras sad correct view 50,000 shares to the vendora al 25. Horse Basaara. The Annual what may happen "to-morrow"

becomes really of the state of the Company's par: prices generally are fairly Meeting is called for 27th instant, that he

T “To-morrow is affairs according to the beat of maintained, but there has been when a dividend of 5 per cent.teresting. our information and the explana more talk than business during will be recommended Shanghai a word used by rhetorical licence tions given to us and as shown by the week. The London produce Waterworka At the meeting of say sort of fature, but Dr. For keeping an opium divao at the Books of the Company. wire shows a price well sustained, called for 24th instant, the Wilson saks us to take it literally. 18, Cross Street a Chinese was to

EL. PERCY SMITH,”>

Auditora. Kapayang. F.C.A

The meeting is call Directors will propose the pay. He does not know, we are deday fined $50, and fear others AR. LOWE, FCA

ed for 27th instant, when a finalment of a dividend of 28- and a finitely to understand, what the had to pay $2 each for smoking

international relations of his on the premises. Hongkong, lat March, 1916.dividend of 20 per cent, will be borns of 2 at exchange 2/73.

Miscellaneous.

*

PATHÉ

In-

Oplum Divan.

I was a good idea, too, har-

or more begrimeri labourers enter 0g the words printed: Not to the depot of an evening on their be sold!" for lots of the chapa return from work, and shyly band to buy what the folks at home had more liberal or more fortapstely complained Lefore that of having in their packets of fags; some, becribed money to purchase for circumstanced, would give half s their pee. If you want to do she dozen packets or a shilling or two boys a good turn take my advice for the fund. Well-to-do men and keep the supply going for all responded with contributions of cigars and pipes. - Wealthy wo- you are worth.***

The Tobacco Fund, under dia-

men gave their quosa. Children cussion, was quietly instituted collected and mothers arranged during the early days of the war. entertainments devoting the pro- I, possibly, has been the most ceeds to the purchase of tobacco. quietly-organised and conducted Gifs tobacco and cigarette even- of the many PatriotisTM Funde în îngs were made the order of the our midat. Unobtrusively and day throughout the suburbe and steadily it has been engineered so country with the result that in that the maximum of result would less than a year £400 had been be obtained with the minimum contributed, and over £500 in of expenditure. Again and again kind:

FRÈRES

beg to announce that they have extended their film services and will now receive extra supplementary supplies of the

best productions from the PATHE STUDIOS in America. MILLIONS of DOLLARS are being spent to produce these pictures, with the best artists and scenic effects, in the

USUAL PATHE MANNER. PATHE FRERES desire to inform the Public that the exclusive right to screen ALL THEIR NEW PRODUCTIONS has

been given FOR HONGKONG to the VICTORIA THEATRE.

PATHE CINEMA CHINE,

12, QUEEN'S ROAD CENTRAL HONGKONG.

K..

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