1909-08-21 — Page 6

SATURDAY, AUGUST 21, 1909.

HONGKONG AND SHANGHAL- BANK HALI-YEARLY" MEETING.

}

The University Contributien.

The ordinary ball-yearly meeting of the shareholders of the Hougkong and Shang hai Banking Corporation was held at the City Hall at noon today. Mr W.J. Green presided and thers were also prosent Mars H.B. Tomkins (deputy chairman), J. W. Bandow. E. G. Barrett, O S. Gubbay, W. Elelms, C. R. Lonzmann, E. Shellim, R. Shewan, Hr. Siebs, H. A. W. Slade (Director); J. R. M. Smith (Chief Manager) Ho Fook, L. Berindugu

WÄTER TUEK-BOILERS.

“Their Morits and Demerits

Discussed.

There was again a large and interested audience at the Institution of Shipbuilders and Engineers last night, their a discussion was initiated on water tube bailem con sequent au points ralod fi a paper recently read on that subject by Mr G. E. Glover, of the Naval Vard. Mr. D. Mandonald was in the chair.

report and soonants, there is-y-subject, bo- which I think you would Uke ma to-refer, though it is not one that affects the Locounts"now before "un Tong have no doubt notioòd the antodbeement that on be={ half of the Bank your Direstora have agreed. to subscribe 850,000 to the proposed den koog University, conditional upon the full amount required for the liniowmant Fund being forthostatag. Without dewis ing to enter into the controvany as to the desirability of a University at all, I would point out that the proposition has been most favourably "rocaired by the Chinese, Including the highest officials, pot only in Canton but also in Paking, is demonstrated by the way they have coma forward with subscriptions. Bank in China and its intimate financial you will reflect on the position held by the

The discussion was then opened by Mr relations with the Chinese. Imperial GoH. T. Richardson, who said he thought vernment for so many years, Fam qure you will recognise that we have acted in the they wore all agread that the water tube boilers, were very suitable for the naval servico, but ho did not think they were of

It

J. M. E. Michain, W. Dunbar, W. Ebost interests of the Bank and will approve Clarko, W. H. Purcell, A. Findlay Sanità; ; of our action accordingly. (Applause).

The Chairman-I propose the adoption.

presented.

Mr Glover at first replied to some queries rised at the previous gatharing,

THE

CHINA MAIL.

ARPHONE:MOZZA.

RAMBLING NOTES.

In spite of ita being the middle of digast; When we are all' supposed to be prostrate with" Hest, the Theatre has of Ints 'boun drawing full houses. Those who have taken the trouble, to turn out have be amply rapaid by the excelent fare served up by the Marry Littla Maids." The structural alterations by which the tup rows of seats in the dress circle have boon yet further elevated is an improvement, notwithstanding the caustic observation of fa patron, who, missing his footing in des

aeading to the front of the gallary," ex- claimed “They've been improving the place; we can easily slide down now!!!

·Ho Kom Tong, &. H. Uugh, "W. E. Wick of the report and statement of accounts as ƒ much use to the merchant servico. The what I'm coming to.

ham, W. E. Fetts, J., W. C. Bonnar, f'' Barton, A. Forbos, H. N. Mody, W.

SI: Dunbar-I bave much pleasure in. secording the adoption of the report. The

Talk of one improvement suggests possîs bilition of others. My readers will gues

Where are those Navy had adopted that type of boiler, electric fans for which we've so many timca ar as he understood, purely out of con-longed 'No one can deny that the theatro Tayler. I. Resa, H. Percy Smith, Balance sheet reflects great credit on the siderations as to what would be of moet gets stuffy almost beyond. endurance. Mitchell. A. Bryer, J. F. Cox-Edwards, management of the Bank, tur during these use when in action. The water tube boiler Ways even prominent Government WC. D. Terner, Muzzy Stewart, N. B. duit times it can be no easy task, and I an was certainly light, and stenar could asly official wangen at one of the performancas M. Nemakee, R. B. Crofton, S. J. Michael, sure the shareholders must. fral highly be got up at very short notice. But with roooutly faning his faithful dog which had F. G. Carrill, and F. P. Hett..

pleased at the disposition made of profits The Clief Manager having raid thend wll cordially approve of the danntion the merchant service the first consideration followed him to the place of entertainment (to the proposed University. (Applause). was economy of fuel, the next was the cost and which lay at his feet. After that the notipo convening the acting,

The report and accounts were approved. of upkeep, and the third that the boiler could trustees of the Theatru surely chancé be se The Chairman read the'ropicist, and said:

It was proposed by Mr A. E. Gugh and be handled by any body; they did not want cold-blooded and hard-hearted as- to still Gentlemen-In laying before you the seconded by Mr W. H. Wickham that statement of accounts for the past "half the election of 3r J. W. Bandow sa tolgo to the expense and trouble of a speci pursue a policy of inaction. If the suffere Director be confirmed. This was carried. ally trained crew. He would like to knowings of perspiring bumanity won't-appeal to year, 'I 'am, unable to report any marked

The Chaizaian-That is all the business, whether water tube boilers in merchant them perhaps the discomforts of a poor improvement in the demand for money for gentlemen; thank you for your attendance, slips had ever proved economical. The dumb animal will Mi trade requiroments; save, has been the Dividend wants will be really on Mon-whole point in his mind was the difference provailing tone of the money markets day. throughout and it has béon a matter of some difficulty to ând prostable and suit. able employment for all the funds at our disposal. Under these somewhat adverso

SHARE REPORT. backing conditions, your Directors" feel

Merers Vernon and Smyth in their week Assured that the result attained will hey share report dated August 20th, stato:- received with general satisfaction.

Your Directors recommend payment of the usual dividend of es per share, and the carrying forward to the current balf year of an anount similar to that brought in from last account. In addition to this we propose phuchy #7ị laeg to the Silver

serve Fund, and in thuy adhering to old traditions, by continuing to stengthen our position, I am confident we uny krok for * your support and approval.

It is not my intention to detain you

this occasion with a long statement.

on

It

|

.COMMERCIAL

A

The market has been faily active, "but

the volume of business transacted has not been large. Rates in the early part of the week showed a slight inclication to weak. ness, but at time of writing a firmer feeling prevails in mixt of our leading stocks Exchange on London T/T 1/3, Shang hai 744.

changed hands in staall lots at 1.030, but Bank.Hongkong and Slianghais have sellers have ruled the market, and at time of writing it is probable that shares could be procured at a slightly lower rate.

Nationals continere in demand at 650 but

without salesPAS.

Ki

a

I suppose that even you, hir Editor, will butween the two services. The Navy was be prepared to admit that the newspaper able to command the services of a body of is not necessarily infallible, that occasion; all-trained men, but in the speaker'sly through inadvertence (blessed opinion the water tube boiler was far too word or, "printer's error," inaccurate

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delients and complicated a machine to be statements do sematinon "creep into print. WATKINS'

put on board a merchant ship where they. Of course we all know that there are folk Ind unskilled Chinese at work,«

who have only to see an assertion in blackc Mr Brayfield said Mr Glover had stated and white to believe it their faith le pinned in his paper that the parts of the Belleville to the fact that they have sean it in the boiler could be obtained in any market and paper. If this is the attitude taken by s the tubes could be readily rondwed without considerable section of the reading public, special labour. But in his (the sponker's) it undoubtedly is, in reference to an opinion it would be very difficult to find the maker's works. The same remik any tubes untaido a radius of 50 mile from applied to the junction boxus. He con sidered it would require skilled labour of

ordinary news-sheet can you conceive a Hongkong Gov ramen Go:ett being ques- declaration in such a weighty organ as the signed? I can't. Such an audacious being surely merita banishment. And yet (let it

veleiguity is renew the junction box be told in whispers) we rend in its offcially

of a Belleville boiler. It must not be as

The

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Bearing in mind a resent case in the Supreme Court, in the course of which it was argued that the mere appearance of a statement in the Gefle was proof thereof, will in years to coine look upon this hit of one is.inclined to ask how future lawyers information should a se turn upon it. Colonist Secretary, in a mood of extreme If my memory serves me rightly the

modesty, not long ago told the Council that

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Marine Insurances-Uniona continue onsumed that he was antagonistic to water is the usual easton for Banks only t, offer at 840 without indixing any further tabe boilers, for he was an ardent supposed by the Government were at the last hold meetings annually, and, though business, Cantous have found buyers porter of the Ballerille and Norman types. meeting of the Legislative Council approved, our Deed of 'Eettlement calls for '

100, and Fangstzos are enquired for at 227, without bringing any showwea or the

Mr James prefaced a few observations herese in point of fact the whole question meeting of Shareholders twice a year. I markot. North Cilinas have bayers both with the statement that he was not a was postponed for a week. think the one held in August should be here and in the North at 1), but disbeliever in water tabe boilers. He mainly confined to passing the accounts, shares are not available at that Yate At thought that type was the very thing leaving a review of trade and business time of closing sales are reported at 19

Fire Insurances-Hongkonga have been wanted in the Navy and slau for shallow generally to be made at our meeting in placed during the week at 300, but buyers draft steaners and all cases where they February, when fulier data are available now only offer 35, and the market is de wanted lightness and quick steam. One However, before turning' to the state for the moment. China's 'have changed print in its favour which had not been ment of Assets and Liabilities, you will hands at 115, the unrket closing with mentioned was that there were no stand-by perhaps allow me to refer briefly to the sellers at that mate.

Shipping Hongkong, Canton & Macaos, los which often necurred in typhicons. In subject. ...

after small sales at 313, wure placed at 313, his opinion the principal objection to the We are still waiting for the long expected closing with probable sellers at the higher water tube boiler was the excessive amount turn of the tide. It cannot be said that me. Todos have changed hands at $60

and 81 cash, and at Th. 46, 484 and 47 of evaporation or distilling spparatus be- trade in the Far East is yet in a flourishing for December Settlement in Shanghai cosaury. There must be a constant supply condition, but there is promise of improve- Shell. Transports, have declined to 72 of fresh water, otherwise there would be he was the editor of the most important merk in some directions, and I see no cause Other stool under this heading remain continuous trouble with, the tabes. As the paper if the Colony. If he wants to The House of Latrigue, by Farcy White. for taking a pessimistic view. On the unchanged and without business. contrary, news from India of the climatic part of the work ruled weak with sellers as typhoons, did not matter very much beChina Mat will surely unt disputo) it's Spies of the E leer, by W. le Quex.

Refi rice-China Sugars in the early quick raising of steam, except in cases of maintain his reputation (that is assuming A Little Green World, by J. E Backrose. it has already been made, which the Honest Man, by Halph-Harold Bre. conditions, upon which particularly in that 57; towards the close, however the market doubted whether water tube boilers were of Abuat time he esme Imck from his feare, for A Royal Ward, by Fercy J. Brebaer. country so much depends, is favourable hardened and closes steady at 40 nftor advantage to the mercantile marine. silk crops in both China and Japan are sales at that rato. Luzons are enquired cleaning took longer than was the case either the Acting Editor, the office, boy, or A, Sense of Hamor, by Beryl Faber and

The Cage, by Harold Beybia, reported to be well up to, if not above, the for at the enhanced rate of 24,

with the Scoter boilers and repairs and somebody else (perhaps the anolie) has Mining.We have nothing to report ronewals were much more frequent. Then areraga; and new life has beon inused ander this beading with the exception of there was the tricky firing to be taken badly" bundared Fancy the Gazalt into the Straits Settlements by the success rise in Langkats to 1,040 in the North, inte necount, for they must remember that honouring an untrue statement with official attending the cultivation of rubber, a po The rise is reportal to be attributable to the average Chinuman piled on heaps of col publication: What's the Colony coming duct which bids fair to become a raluthie short sales.

and did not worry further alt the matter. to Bar bold: On Monday there was & and, I hope, a permanent addition to the

Ducks, Whare and Godowns-Hony. The introduction of water tube bollurs deme-li in the unofficial press-se I breathe kong and Whampoa Docks have ruled would mean a large increase in the number exports of that region.

fairly steny with sales at 1 and 60 of skilled attendante.

·ngmiz, These factors must all have a beneficial icon Wharfs show an improvement, was not with the boiler at all, but with the

closing with buyers at the latter rate. effect on the import trade, which has been and a fair number of shares have changed casing. For the purpose of keeping down that the Legislative Council lid not meet The public wore sather disappointed in a more or less dopressed state for a long hands at 60, the market, however, closing weight the casing was thinned down and

on Friday, for the licensing question has time past, and, needless to say, any with sellers Shanghai Docks remain unlined with tiles. That was all right for a improvement will be welcomed by all who changed and without business. Hengken four hour trial, but if they wanted to aroused a god deal of interest during the are interested in Eastern commercr.

Wharfs have improved to 148 in the ran a ship for 17 months such on ingwook. The Government, however, in view North Coming now to the statement of accounta

would fall to pieces 3.

and as soon as of the strong expression of public opinion, Lang Hotela and Buildings-Hong-there was a leak in the casing the you will notice that our Foto Circulation koug Lands have ruled firm, and with an 'al would go up the funnel imin. I backed up by Unofficial "members of the shows, as usual at this season, a comidor. unsatisfied demand the rate has improved distely. He would like to know Legislative Council, are evidently in used able reduction from the higher total which to 100 with males. In the early part of what was the official life of a small tube of more time to prepare their azawer to}'. always rules just before the Chinese Now Hotels have also advanced to 76 (old) and Navy & Daw breed of workinen now?"

the week some sales were effected at 103,boiler and a large tube boiler. Has the the 'new proposals. Year, while the among of dollars deposited 45 (now), but we have no sales to report. naked Mr Richardson; "I don't know with the Government, de security, remains Shanghini Lands show further danco whether his name is a bricklayer but that

When a youth learns horthand he is unaltered. Silver deposits and current to 1.

in his business in lining the casing." taught to mark the full-stopa, not by a accousa soke 817 millions over the wos, which have advanced to 137 and

Cotton Mille-Wits the exception of (Laughter).

point, but by a little oros (3). · Lístie figures which appeared in the balance sheet Soy Cheen which

Mr W. J. McCarthy spoke in favour of Blithers has learned shorthand, and the now quoted at 432, the water tube boiler, arguing that steam other day tie wrote to a girl whom he knew. ould be got up or run down far quicker than but slightly, asking ber acquiescence in a

Mr Richardson said the principal trouble

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last June, and nearly $5 millions higher we have no change to sealed much was possible with other types and that the project concurning afternoon tea. The than on 31st December, which is largely Rubber-The market has attributable to money being temporarily quieter and we have only to report sales of sainty was far greater, there being practi full-stop occurred frequently. By the

Castlefichis at 37/ placed in the Bank, pending renewed 2016, and 30, Highlands and Lowlands. plosions.

pren., Shelfords at 207,cally no dulger of loss of life from ex- next post be received a reply, protesting

indignantly against the liberties which bec activity u tande. Bills payable are 815 partly paid, at £27/1 permium, Ragalas at Isca lower than in December, but a similar 326 and 327 and Halgownica at 847

My Glorer raplied at length to the points had taken in his epistle. It was quite VOLUNTEER CORPS ORDERS, raised. He said it was argued that the long time before he realised what - his amount higher than in June. Fixed Du-

cybodrical boilers of huga, weight in such offence had been. bouts as the Lusitania helped to steady the

posits in gold are practically unchanged, but gold current accounts show a decranae of some 22,800,000. being about the amount mentioned at our last meeting as proceed, of loans temporarily held by our Lon- don Office. This is reflected on the other gide of the account by an almost equal reduction in. Bills receivable, as compared with the total on 31st December. At that date the imounb stood at a much hier

figure than on any provious occasion; which was chiefly due to the large amount of

homeward remittances carried by our Lon. den Office instead of rediscounted...

Miscellaneous-Bell's Asbestos have im proved to 10 ex div. with sales and buyers, China Borneos have been placed as 13 China Provs. at 0.0, Coments at 3.60 and 8.70, Chins Lights at 6), and Watsons at 8 20 Other stocks under this heading call for no comment,

WEATHER REPORT.

but his idea was that the owners

SIGNALLING.CLASS.,

hd far rather the ship was standiod with

At Quarry Bay at 5.15 p.m. on Monday This story reminds me of an incident in the 23rd and Thursday the 28th inst. marge which was paying its way. He read the career of the Lady Noggs, Poerens,

RECHUTZE DRILL long article from the Time outlining that delightful creation of Jephson's siry successful experiments made of the inte fancy. When this abnormally alert young At Headquarters at 6.30 p.m. on Wedun duction of the water tube system into the lady cuce received a letter from a married day, the 25th inst. for 29" gun drill. mercantile marine, showing that the fuel goleman friend whom she lud consulted consumption was less than in other boilers, on a weighty matter of state, she found a line of Fer's at the end. She at ance

ENGINEER COMPANY. The second shoot for the Carmichael Cup and the speed greater. As to the life of ashod off a post card with the sole re will be held at King's Park Range on The following notice is issued from the water tube boilers, he would like to state may-The xx'esta like your cheek. A Sunday, the 22nd instant, at 3.30p.m. Hongkong Observatory pe

that it was now far greater than when t they

On the 21st at 12.00 p.m.-The meter has risen slightly in E. Japan, fallen x little over Chinn, the Locekoos the S. Philippines.

towere first introduced in fact, there were trifle cryptic, but to the point.

and

and

the generators hand nerved for 7 or 8 years.

ships which put in at Hongkong in which

-

sharp. Entrance fee 30 cents. Mombers

without renewal. In the small tube types goography when it says that" Karuizaws in for cash. Hongkong currenc

The Australasian is a wee bit wide in its may purchase ammunition on the Range,

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the average life of tubes. was five or six faraons sucamer resort in Formoss." Its Drills for the above company will be held Fears. The boilers were then ra-tahed, I other facts about Mount Aams being rear su the first and last Wednesdays of the JOHN & ROBERT HARVEY & CO., LIMITED,

| NOODSAAT), and were as good as new and. Karuizawa and that the volcano botched.

part of would go on for very many years. He forth ashes in May are quite correct,,

It is would agree with Mr Richardson that the

great drawback to water tube boilers was an

Dunedin (N/Z.) cherishes the memory'bi

month.

REMOKED."

The depression is still shown over the Pacific to the E of Japan.. Canaand bullion in haud and in transit Pressure is bighost over the.

the China Ben together show an increase of 82) mü-

and N. Luzon, relatively low over Central China. Lions; Bille Discounted, Lars, and Crodita Light to moderate monsoon may be ex- the casing. They burnt through and

Private T. Mastin le permitted to resign, stand at $113. millions, na against 2120 pected in the Formosa. Channel, and nong buckled chiefly because the combustion was a Chinaniu who tendered for municipal with effect from the 13th inst millions on Flat Pesember and 310orthern shore of the China Rea..not perfect, but as that git to be better un-contracts: In the name of MacPherson;

Hongkong Rainfall for the 24 hours und-derstood they would heat loss of this? In Beauuse (he said) as one but Ecotchman resign on leaving the Colony, with effect Trooper W. J. Daniel is permitted to ing at 10a.m. to-day, 0.00 inches.

reply to

Mr James, the speaker id cold gat a contract in Dunedin. The quilo and accept them se ideal stakes 1tradas a raid upon s paka-pu dan in Sydney.¦ As

millions on 30th June.

Forecast for the 24 hours anding at noon What a thing, to quote Chiness fremen of the Chinese has been displayed afresh in, from the 18th instinkt 20

to-morrow

8.

1-Hongkong and Neighbourhood" winds, light or moderate; fair.

Formona Channel Bama as No. 1. 3-South coast of Chins betyden Hong- kong and Lamocki: Samne sa No. 1.

4-South coast of Chins between Hong kong and Hainan: Same as No. 1

LEAVE.

Mz. James- You have to take them if † Foo was caught inside by the poʻice, ** How Trooper, G. M. Harston is granted save you can't get anything else. pergendein did you come to get past the police?” he was of absence out of the Colony for 12 months, used all over the world and not merely in stable," Ah Foo replied serenely

Mr Glover-But the water tube boiler is siked: 146pose, they takes me for a con- i

with affect from the 5th Septembur. Hongkong KARA

After further discussion Mr Glover was thanked for his informative paper and also for the part ho had taken in the intershange of opinions.

RAMLBER

a

INFANTILE CHOLERA.

unusual: Loonknem of a child's

ESTABLISHED 17702

THE Undersigned have been appointed SULE AGEN'18 in Hongkong and Sonk "Obing for, the above Company'n**

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while proceeding down the river Thames, bound to Yokohama,, on September. 19,

Indian Government Rupee Paper and Comols, Colorial, and other Investments, are lower than Inst half year, but some $3,000,000 over the figure of a year ago, The only other matter that I have to refer to is the opening of our own office in Canton. It has been apparent, for some time, that railway and other business Interests there called for further local The polies in county Galway hare received information of three outrage banking facilities, and you will see from which have taken place in the county DONT IGNORE SLIGHT INJURIES, ming to mothers. Infantile cholers in Long Beach, wreaking some and damag-

A bowel during the his weather should 1908, ran into a string of 18 dumb barges The above monthly premium will secure a £1,000 Policy on the report that a branch office of the Bank within a week. In two instancos, shots was wetablished on the 6th of last month. night, the object in each case apparently

ware fred into the house of farmers at DON'T

ON'T" neglect giving grey cut, wound may develop faraj few houy," and prompting others. The owners of the barge sursă the steamahin company, which denied I have no doubt that, in time, it will prove being to Intimidate the tomates in consag« | polar may appear and an ugly sose or even |berlain's Colis, Choli-sné Diarrhoen, lisbility), targing that there had beer no ralmbie addition to our list of agencies. tion with grasing landa. In the third save the loss of limb rarit, Chamberlain Remedy followed by hom of haber ole negligenon in the navigation of the WOME Thers being no questions, the Chairman Carpa, Connemara wa killed and had rapidly and all damun se kyrided by the noden per may be

bullcok belonging to a farmer living Pain Bales to an antiseptic, beals the wom Belore moring the adoption of the to places on a grasing farm ar Fastford Formle by all chemisty wad

good life aged 25 next birthday PREMIUME BY MONTHLY INSTALMENTS

WITHOUT EXTRA CHARGE.

tea and full particulars

Kuppen – GunBEL":

DODWELL" CO LTD. Age