The Finest Scotch!
Watson's
E
Whisky.
A. S. Watson & Co., Ltd.
Alexandra Buildings.
MOUTRIE
are,
PIANOS
GUARANTEED
for
FIVE YEARS
PRICES from $385.
8. MOUTRIË & CO., LD.
WM-
Powell
LTD.
TELEPHONE 346.
GLYNS'
HATS
LATEST STYLES
AND
SHAPES
IN
GREAT VARIETY
SOLE AGENTS FOR
GLYNS,
OLD BOND ST. LONDON.
MEMO. FOR TO-DAY. The Idol's Eya" at Theatre Royal, City Hall.
MEMO. FOR TO-MORROW. Excursipa to' Macao,
THE CHINA MAIL.
many quarters; but the terms of the' concession are apparently such as to preclule the use of foreign capital, and no progress has been made. Centon has also a big tramway scheme under consideration, cot co mention projects for hydraulic power, new roads, and other city improve nients Very few cities in China have water-works or drainage systems, (although theas are much more neces- sary than electric light; the difficulties
HONGKONG BANK
MEETING.
THE OUTLOOK IN CHINA.
OFFICIAL APPOINT-
MENTS.
H.. the Governor has appointed the following members of the Board of Examiners to be a sub-committes for the The ninety-seventh half-yearly general examination of subordinate officers of the acting of the Hongkong and Shanghai Tolics and Gaul in English, Chinees and Banking Corporation, was bekk at noon Hindustani:-Mr. P. P. F. Wodehouse today at the City Tax. Mr. S. Hon. sacrotary); Mr T. H. King and the Duiwel, Chairman of the Court of second assistant to the Secretary for Chi- Diretare, ding.There were also nean Affairs, present Jir, N. 1. Stabb (chief mannger). Messa, Friesland E. Castz, C. 8. Cubbay, P. II. Holyoak, C. Landgraf,
V
SATURDAY, FEBRUARY 14, 1912
TURF TOPIOS..
THE FINAL GALLOFS.
There was another record gathering at the Race Course Enclosure this morning to watch the last training gallopa of the poison entered for the Ras Meeting to be held next Monday, Tuesday and Wedne day Sir Henry and Lady May were amongst the spectators and followed the poules efforts with: kusn întarent. The going was 'goort,
HUMPHREYS ESTATE AND FINANCE CO. LTD.
'ANNUAL MEETING.
The ordinary annual general meeting of the shareholders of Humphreys Estate and Finance Company was told this morning as the Hongkong Hotel. There were pre- sent år. Humphreys (Chairman) Dr. J. W.
of finance seem to be at present } W. L. Paítenien, J. A. Pluminer, H.,ry in the avar future in one or two (4) were done on the grass, outside; track; J. W, C."Binær, B. "Stupletan, D. E.
↑
mach
ports.
•
atil Grifio.
TIPS FOR MONDAY.
Tux Wo-NR-ChasG STAKES :--
Balkon Chief. The Gallur.
Unin.
#
The Maives Staka :---
Jewel Aster.
The Chairman said:--Gentlemen,-Thê, report "and s'atement of wecounts and auditors repört having been in your hands aines btls instant, I propose, with your permi siou, to take them as roadă,
The net proût for 1913 la $3001,83 Jorn then 1812, but taking into account that 1012 and the beast of 882130.83 of non- recurrent profita and 1913 only $13507.04 of similar profits, 1913 is in a seFING REL ithprovement on 1919 to the extent of $3627.76
Rent account shows a nét increase of $12,852.64, which would have been "large still but for the Military airing up three shops and eight houses. Some of these are rebill unlet.
-on a fast suurso and some excellent time No le, Mriers, W. L. Pastunden, J. Scott were done! All the gill pa rvcorti il(pago | Harston, F. «Maitland, H. Parcy South,
round half hurdles. The most noticeable Clarke, C. Banja, A. Vapeur C. R. insuperable. As regards the develop" | Siche, Ian. Mr. David Laulalo and Hou. I shall not refer Further to the balance performances ware Fijian Chief's mile iBuyers, and G. Rupp (sosretary).
Tho notice capvening the meeting having ment of the resources of the country, Mr. E. Shellira (director), Mars shout as there are no itens of marked 2.10 with apparently no effort; Saxon the Commercial Attache to H.B.M. Cox Fans, T. F. Hough, A. Findlay would, mention that your Directors are under 30: Jewel Aster's and Brianis
I Chief's Anish of a mile which some made been read, Hichard Swain, E. Peroy Smith. J. F. importanca ealing for communt.
|Legation at Peking says the Chinese Smith, P, C. Posts, A. 6. Hynes, G. T. well satisfied with the loyal and able Dahlia's good mile and-a-quarter gallops; argument is foreign supervision and M. Edkins, K. D. Gazdaz, W. Dunbar, manner in which the staff have worked, | Banjolini's bad: finish in 35,8 altor going control leads to loss of independence;}
G. W. C.Pemberton, Ellis Kadoorie, 2-sixt I think you will heartily endorse our mile and a quater and Aldwych's mile Maitlanel, F. W. Melchers, E. A. Section in voting them a bonuș of 10 per in 9.12. foreign capital cannot be obtained man, A. Hodge, S.. B. Carlile, F. gent, on their salaries for the past year.
We hear that B njolini bas gode lame. except under conditions of supervision Howard, E. D. Haskell, A. E. Griffin, I am pleased to say that all of our If this is so, all local sportsmen will and control; therefore none but Chin- WC. Bar, D. K. Moss, D. Mac-offies have done, well and with the sympathise with his owner, Mr. Soarer. Telemed, R.-F., Thursfield, A. H. Barlow, exception of Jangkak, kava bien treo ese capital can be employed. But H Sandforl, G. FL Potts. D. H. from lose The Coms 3 Bangkok was Perhaps, after all, it would be better not the result of the use of Chinese capital Silger A. S. Dousland, L. N. Lafe, due to troabis, amet soci of the race him this meeting and koop him (with Chinese methods is that Chinese J. Pumin-tt, Captain F. Mr. May, rice millers who bills on Hongkong and The Governor's Cap, a bandenme silver
capital is no longer forthcoming, and F, G, Carroll, W: M. Watson, N. E. N. also to the dishonesty of out own and kong Club.
Mess CA. Hastings." H Humphreys, Singapore, have been dishonoured, and vase, in on view in the lobby of the Hong-
the argument becomes what the old Modly, 15, J. Gelge, Br. J. W. Nobe other banks' compradores af that place. logicians called a vicious circle" Mess, He Ken Tong,Tang Chi Ngon. The amount involved is in the neighbour. H. Whng, 14 Po Lating, Wong Leong | hood of #8 locs, and although we hope he fallacy lies in the failure to im. P. K. Kwok, Chun King Yoe, to regaver part of this, full provision has differentiate between the necessary Lung Fow Ho Fork, Eai Cheung Shit been smala in the meantime.
rrecs of supervision and control, Chan Sin RJ.
Speaking generally, onditions during Tehran, moving the adoption of ¦ the factor half of the past year, like the In the case of railway construction
serpunts, vaid: "It is fires six montle, wegs favourable for and in certain other exceptional en-gr gifying to your Directoss to be able banking busin sa.. Trade continuad terprises a solution has already been in meet you again with a repet showing active and money in strong demand at found, and it may be expected that state of the affairs of the remunerative rates in all gehl countries. Mac, Falk, 14, Tues., 17 & WD. 18"xperience will teach young China and unellent result of the hat We have had no idle funds in countries
your, working, »I cannot help remarking working on ju gold fixed exchange. Jacky Club Race Meeting at Happy that in all industrial undertakings a that these results aro ty no small extent basis, as surplus money could be trNTER
Valley Miss Band Allan at the Theatre Royal, certain modified degree of foreign do to the wisdom and foresight of our ferred to the most attractive" marketid
City Hall,
proxleressurs, in steadily strengthening without any undue exchange risk. In control is for the present necessary, the position of the Bank by building up China, however, the case has been differ- There are few, if any, Weatem in- it. pourvos, thus enabling us to dá our font, as the large accumulation of silver dustries which could not be success-is in the financing of an increasing funds could not be utilised and had to fally carried on in China, as there in the various places where the rumah more ce less idia in Shanghai aul Hank is established, and to show such | the other financial centres, Notwith. resources of the country are so large tisfactory figures, notwithstanding thy standing this unfavourablu factor, busi- and so varied; and when these uren epetition of the present day. sess on the whole was satisfactory hoth tall away in hero and in the North. The Canton silk „fitsdeads, has" been £510,000) por ampum, trade, experienced a flourishing year and penting a high percentage on our probably merchants generally have done capital and reserves. The margin. be fairly wt in South China bots as re- tween that large amount and the tot pro- gards importa azul exporte, though, with fits, doc and always permit of the re- the exception of silk, the turnover rany serves being increased on the same scalo not have been on a very large scale,
in former years but we are generally In the Yangtszo Valley and the north- I in a position to put wide something, and, Jern provinces crops were not quite so
coking to the future, your Dirvelors ara good as those of the previons your, but į ronvinced that the sound policy of the the volume of business was well main- pust shemal be ofhered to and in good tained. The year glowed' with both im- times, when there are surplus profite port and export trades in a. fp sourable Curailable, wộ, sigould continue to build position and a hopeful feeling, prevailing
up the reserves of the Dank.
as to the immediate prospects in the
General Memoranda.
TERDAY, February 17:
Concert at the Seamen's Institute.
Tambay, February 19:--
Ball at Government House,
Fay, Fe riay 20:-
Princess Royal's Birthday (1867),
Satornay, Frheawy 21 ;-
Jockey Dub Races Meeting -00. Day"
#
21 has first performance even only very partially developed, the
of view 3.Epiantes," Thèstre Rugs), Tuesday, Febru»ry 24;—
Entries chime for Animal Flower Show. TAURDAY. February_24 ; —
Noon-Rowban Land and "Building
Co's Meeting, 9.15 p.m.-A.D.C% second and last
perform ree of the 3 Episoder,” Theatre Royal
Stockbrukers Siling Day.
Eng China Yuali
China will be a very important factor
in the industrial world.
NEWS OF THE DAY.
LOCAL AND GENERAL
...
The English Mail of the 17th January was delivered in Lyndon on the 13th Feb.
A small pile of stones was placed on the
· railway line neer Tuipo on Tuesday even. † you shows a net profit, for the half year's Hoscose, SATURDAY, Feb. 14, 1914 ing, apparently with the iden of upsetting working 4 83.3524.455.10 to which has a train. Fortunately, the engine dislodged | to be wild $2,002,182.91 brought for the obstruction without accident.
ward from the previous half year, making a total of $5,376,021.01 available for uppropriation, which your Dirsetor command. Lo dealt with as follows Dividend for the half year of £1 per
WESTERN INDUSTRIES IN CITINA.
Tix current issue (Jan. 16) of Engineering" to hand contains an interesting article on western-indus- tries in China. The unsettled con- dition of affairs in the Republic, remarks the writer, had delayed the progress of Western industries, but
Two employees in a histor works quar relied yesterday. Words led to blows. They were apprehended for fighting and each fined $5 or seven days' imprisonment. Inspector Dymond 'kaid he had advised the manager to part them.
The HV.L. stenarer -- Patricia,” wich
transport of 1600 cops for Tangau, in due to arrive at Hongkong on the Lithin
די
He asked for
share and
John Peel's Selected. Nigerian Chief,
Tus VICTORIA STAKER :-
Vier-President. Durbar Chief. Triumah Aster.
THE VALLEY STARKE
Aldwych Monarch Dahlia. -Rosario,
Tax Hosxoxo Gurris StaKIN —
Britannis Dahlin. Puttercup.
S.r Galahad
TER FOOCHOW Cep :~
Mahratts Chief. The Fickle Hird. Saulight.
THE TRIAL PLATE
Saxon Chief. Lockerbie.
Crown Aster. THE GARRISON. CUP :-
Victoriosa. Violiai. Deford:
THE PROFESKional CUP :—
China Aster. Roman Chief. Kaoshunt.
THE JOCKEY CLES TAKES
Fijian Chief. President. Conqueror Aster.
Repairs appear unuselly heavy. This is accounted for by the fact that we had to pay the balance of the contract for repairing hur Chinose houres, to which T' mäda inv ference at our last meeting. This item Along with extra and architects fees amounted to upwards of 83000; moreover, we have now a larger number of houses to . repair, and reparing work is much more costly than it used in be.
The Insurance Roserve Fund has been increased by 87566.35, which um, repre sentä $2888.35 fire risks, underwritten by ourselva, plas 85000 rnmeferred to the credit of
of bin Fand from 1912 profits.
.
Rand
The only building operations we have on band as the mp ent are the erection of four, four-storied Chinese horses on K. M. Lot No 48. The erretion of the
of the projected houses on the site Above
му
has not been commenced, the contractor sho signed the plans and contract having 'ailed' to proceed with his contract after doing some work of little or no value. Further beniers were otained, but none low enough to make the erection of the houses a business proposition. Your directors now g flats on the ai'a in toad Pontemplate erecting f of houses.
I wast you will appr va of the proposed transfer from profits of 23000 to the credit of Typhoon and Floods Insurances Fund. You may remember that this fund was c. raiderably depleted by the typhoon and Bloods in July 1908.
I have have no further remarka to make but if any shareholders baa any questions an to ank I shall be pleased to noswer them,
Lo questions being forthcoming, the chairman moved that the report and state- meat of accounts (which have already
iv *ppeared
the **China Mail") 'be presented, by passed,
Mr. Maitland geonded, and the motion
carried.
was
The chairman proposed the election Harston, J. W. C. Bunner, W. C. Patter- nt, the retiring directors, Mars, J. Scott
den and Dr. J. W. Noble,
Mr. Stapleton e nded, and the motion
The statement of secöunts now before North. A serious handicap to trade;
however, is the chaotic state of Provin-repugnent of outstanding short term cial note issues, to which I am referring foreigr. toans, many of which are now later. Rwangtong appears to be suffer-over-due, are at the present moment ing in a much greater, degree than any under the serious consideration of the other province in this respect; the steady Chinese Governinent, in commultation with deeling in the value of provincial notes the Five Groups, and a scheme is in in Canton (the present quotation being preparation which it is hoped will furniah about 60 per cent. of their face value) is
an effective solution of these pressing $200,000 added to the silver reserve fund trade in South Ching, and until the
a bouts of 5/. per share. naturally having a very depressing effect problems.
Mr. T, F. Hough, in seconding, said:was carried unanimously. -und-#XX/XX)—written-of-bank-premises buances of the provinco are put on The Chairman bas-tedd-yn-that-16-in
Messrs.
. H, Percy Smith and W. Hutton Pults were re elected auditors, at & pccount. The balance of $2,007,311.85scued basis, the business outlook locally gratifying to the Court of Directors to remtueration of 8150 each, on the motiòn to be carried forward to the new profit will continue to be somewhat glonny, again mees shareholders with records of al Mr. D. Clarko, seconded by Mr. C. B. and toma meerunt. I trust, Gentlemon, General Consilitions in China during the sich a satisfactory result is that of the Buyce this distribution will meet with your six months under review, may be said working for the last half your; the figures' approval.
to have shown a marked improvement. ure detailed in the secounts under their
| THE MAUD ALLAN CONCERT. As attempted rebellion in the Yangtze several headings and for my part I fully region last autumn necessitated the suppreciate his lucid explitation of the sortion of its authority by the Central various
The following is the programme to be appropriaticum recommended, fubmitted at the Theatre Royal un Monday
me as evening
Cherniavsky Trio:-
find
Maude Alla
Trio for Pianoforte, Vivlin, Violincello
No. 1 First Movement...Mendelsoha (a) Am Meet ("Dy the Sex")...Schabert (b) FAIRE (c)
Michel Cherniavaky
(A) Ro (b) Harlequi
Romance.
Peer Gynt Suite
Morning
(by Ana's Death. (c) Anirca's Dance. (d) Dance of the Giomes.
INTERVAL
Chopin
Schabert
Popper „Pepper
The stranier, under charter of the it is evident that as soon as the oppor-German Government, will stay
As you will notices from the report. here until Lur sterling weserto Jund investments tunity offers there will be great develop about Wednesday at noem, and, will then have aginale a claim on the profits. ments, as there is in the air a large laava direct for Taingtau.-
| At the end of "the half year the price of Government, and the fruiness with which | notably one which appenis in number of paper schemes for man-
Conscáss stood below our book value of the outbreak was quelled, has gone far worthy of special mention viz. the con- Croxiderable damage is still being done 72 and it was thought, mivisable to write to restore that confidence in the country tination by the Directors of their policy factures of all kinds. The province to the pintafinus of the Colony aid Mr our holding of 13,200,000 down to 71, which is a necessary ocndition of proof caution in such material strengthen of Hunan Is, as usual, to the fore Gren of the Furastry Repartment in and at the same time write down other sperous trade. The result has been seen ing of our reserve fand. I welcome the jin company promoting, and the prosecuting a theft of Irens
deling securities by £12,000. This, ro- in the largely increased receipts of the dividend disclared and the bonim wê are industrial projects recently discussed a substantial dine and Mr. Hageland the book value of the sterling Maritime Customs during the latter to receive, and hazarding an opinion horn
servo find investurents to £1,476,000 months of the year, the collection for of the appreciative expression on your? indicto a penalty of 815 or one with ther include paper factories, cotton-
and in order to bring the amount up to 1913 in fact, exceeding all provious re-face, I gather it in none the less accept., imprisonment. spinning and cloth-weaving mills,
the full value of the
viz. cords, and the Customs administrationsble to you. With regard to the resurveband Alla £1,500,000, wa purchased 125,000 Aube performed the unprecedented feat of | fund investments, the lank premisen. #tour-milling and rice-hulling estab. The Idol's Eye" male its recond tralian and New Zealand stocks which paying the entire service, not only of die faceounts and the strangesnents for the lishments, a cement factory, a timber-box to a crowded house at the Theatre have been placed in the books at £24,000. ordinary foreign debt secured upon its purchase of the Calcutta bank property, enwing factory, a cigarette factory, Royal last night, and was very appreciative. The cost via: 121,356 24. 3d. at revenues, but also of the Boxer Indem-I can only express satisfaction and ten- ly received. The play, with its interesting |1/11.3/16" equal"#252,005.87, was met nity, an obligation which in previous | der my thank-in, which 1 mk gru' tô and a glass factory, besides such Chinese touches, clurez plot ant tameful out of the half year's profits. I think years has had to be largely met by cor-join-for the alde manner these matters further enterprises as leather-boot 1-dies, deserven more than a passing or you will agree that it is a arise procedure tributions from the Rait and other taxes, have been dealt with at the different making, hat-making, dyeing, silk-local popularity. The last performance, xa to have investments written down to s With regard to the Salt Revenue. its times when the necessite for dealing with reeling, and the manufacture of sugar
at prevent arranged, will be given this figure jaside market prices at the time receipta under the new administration them Ims arisen. Tain very glad to hear, evening
of-elusing our book. The recent sharp bavo exceeded the most sanguine from our Chuirmus that conditions in and felt. The lack of native capital and
[rvovery in the paler of frat ulais stocks,pectations, although the reforms intro-China have during this period under re- the opposition to foreign capital have, Tho podice and cossiderable dificulty uch as our invesdunents are composed duced under the ablo guidance of Sir view: shown improvement; 26
orkult however, in the meantime, prevented in ascertaining the owner of large barrels of, makes us bepul that the bottom Richard lane can only be said to have I look forward to renewed commercial tany of the proposals being proceed. of tourchamlies obstructing the footpa prices have at last been touched. At become effective during the last few activity, which will be most welcome to Frank St, Lager will accompany at the
any rate, considering our prosent book months of 1918. · Given a continuance of us sil. There is one other point toushed at Queen's Road East.
One man was valued, any further adjustazente which present conditions, it is anticipated that upon by our Chairman to which I feel
piana
A different programme will be submitted drawn as he had given information against scale and not prove
Erested but the charge had to be with- may be necessary, should be on a small the collection of the current year will that I must refer, the matter of the bonus at each concert.
a beavy tax on field, on a conservativo estimate, a larga voted by the Directos to the stall. They
The concers will begin punctually at 9.15 another man. The second defendant profite.
surplus, which will be available as look after our intoroste wall and I heartily and there will be no admission to the Theatre during the performance of any of are a boot-making factory, a glass denied any knowledge of the obstruction Hank premises account, which we re security for the further borrowing which applaud the action of the Directors, which the items.. making establishment, a cotton mill, but Inspector Pymond remarked that was commend writing down by $800,000. Chind must yet undertake in order to connos, but inspire further endeavour to a pure game of “bluff" The police bad stands at 808 lacs, the ease during carry to its completion, her programme the continued success of our great, institu» and a flour mill. The manufacture been bluffed before by the same man. A the half year being more than was anti- of roform. The reorganised Balt Gabells tion. of leather seems to be receiving fine of $25 or one month was imposed. elpated when I andressed you in August bids fair, in fact, to ival tise Maritime The motion was carried unanimously,
ed with, and the list of factories actually opencil in 1912 is a small one. Among others actually opened
Jan Cherniavsky
Eugene finézaine Cherniavsky Faust Fantasie
Mand Allan.-
Tachaikowsky,
Wieniars
(4) Spring Song......Mend (8) Norwegian Dance Grieg. Miss Allan will be accompanied in all her dances by the Cherainsky Trio, and Mr.
-SOCIAL AND PERSONALS
The King has een plessed by approve of Sabor Don José C, da Opidin sa Copsis of Panama at Hongkong.
special attention, a leather factory.
last, owing to the cost of the London Customs sa a great national asset, and Dr. 15 W. "Noblo proposed that the having been established at Chung-
What Inspector Dymond described as premises exceeding the amount estimated. illustratos, done that administration, appointment of "Me E. Goetz and Mr. wrought houss," was b fore Mr. Ente. We moved into the now building in the advantages which wil neers to C. Landgest as Directors be confirmed king, and a Franco-Chinese tannery had this morning. The house com London in thetober and the offcoe have Chins by the employment of foreigners and that the Hon. Me. E-Shellim, Mr. at Tientein. Probably, for some time, prised seventeen old gaal-birds who were proved most satisfactory in every way of high character and administrative ex: W. T. Pattenden and Mr. 8, IL. Dedwell the more important works will be caught red-handed by the police in Tho burung in one the Bank may well periodee, in the great task which lies be re-electal Directors
Captain P. Spiour B. G. A., with an In- M. A E. Griffin sectmded and, the dim Officer and four men of the Hongkong carried out by the municipalities, as opium divan, at 21 8hesang Bang Lawa, The be proud of and, the architect and build before, ho
Inspector mid the whole gang existed by
ara are to be congratulated on the offelenít Foremost among the problems with motion was unanimionaly agreed to. and Sitigapore Battalion, R. & A., left the THE EDWARD DISPENSARY, they can raise the necessary capital stealing pieces of slothing and selling them and expoditicus manner in which the which China hine to do's are those of On the motion of Mr. Findley Chiony on Thursday for ludis on
more easily thas private individuals for opiam, The keeper was fined $250 or arranged for the purchase of the building rehabilitation of the heterogeneous note frott, Mr. J. W. O. Boomer and Mr. F
work" was excoutod." "We have recently currency reform and the conwrsion and Smith, soconded by Mr. A. 7. P. Fud- crulles four. A new and powerful electric-light three months imprintment, and wach of which we occupy ofices in Calcutta, circulation with which the provinces have Maitland were re-elected auditors for the plant was erected in
the other prisoners 82 oz 218 daga. 'All as well as the adjoining kot, this pro- been flooded, the steady depreciation of your. admitted the offence, and the Magistrate "viding for our requirements there for 1 which,, unsupported de it is by any ro. The Chairman announced that the divs- served that was the first divan kasper many years to come. The price is about serve, presents a darger of daily increas dend warrants would be ready on-lon- who had pleaded guilty before him.
C. KAMMING & Co., LD. Chemists and Druggists
in the French extra
1912
Goncession
at
REAT REDUCTIONS IN Tientsin Electric light was installed
PRICES.
at Yunnaniu, and there are electric light projects at variona stages of ONE VACUURATELY S DISPENSED
advancement in a dozen other citica Patent Mediolaes, as It was decided two or
ago to have a system of ele ROAD HOGKONG. WAYS
and foreigu
UKTY YEARS, JUST
Guild pay the eien Joh, tha total outlay prices, contracted credit and wider
K«. 8) lacs, and as we shall havo lo ing gravity to the country, Eshared
ralde one, but well
discontent
Directors
DON'T
MONTA
*
BEWARE OF COLDS.
WHILDREN are mpoh vor, Hi
contros the onntagiting dimasu when
Apb
No comments yet.
Private notes are available after approval.