1920-02-18 — Page 8

N

SPECIAL OFFER

English made Heavy Brown Willow Calf Boots,

For strength, durability and comfort these boots cannot

be aqualled.

$18.00

per pair. Usual price $21.00.

MACKINTOSH

a 00., LTD.

Men's Wear Specialists.

16 Des Your Road,

+

SOCIAL GIFTS.

The present writer read the other day of a French satirical comedy in which appears a worthy Englishman who lacks to a comic degree all gift for conversation and all social talent. His role (or rather his "words" con- sisis almost entirely in saying "How do you do?" in diferent tones. The

Englishman at his best is of course

Telephone 29.

CRITICAL FOOD YEAR-

SCARCITY, AND HIGH PRICES FOR

1930.

OFFICIAL REPORT.

THE CHINA MAIL.

COMPANY REPORT.

HONGKONG AND SHANGHAI BANKING CORPIRATION.

The following is the report of the Court of Directors of the Hongkong and Shanghai Banking Corporation, to be presented at the ordinary yearly general meeting of shareholders to be held at the City Hall, Hongkong on Saturday, the 28th February, 1920, at noon Mr. McCurdy, Parliamentary The Directors have now to submit a general statement of the Secretary, Ministry of Food, at aaffairs of the Bank, and balance sheet for the year ending December 31, Labour Conference at Grosvenor 1919, House recently, reviewed the history of food contral during the past. year, and made a statement with regard to the prospects for 1920.

The dominating fact with regard to food prices continues to be the actual world shortage of nearly all essential foodstuffs, he said. This fact is to some.extent concealed from the pub-

The net profits for that period, including $3,279,611.48, balance brought forward from last account, after paying all charges, deducting interest paid and due, and making provision far bad and doubtful accounts and contingencies, amount to $10,666,473.57,

The Directors recommend the transfer of $2,000,000 from the profit and loss account to credit of the silver reserve fund, which fund will then stand at $23,000,000.

$1,000,000.

They also recommend writing off bank premises account the sum of After making these transfers, deducting the interim dividend of £2 5/- lic by reason of the artificial economic per share, paid on 11th August fast, viz, £270,000 at 3/6-$1,542,857.14, conditions in Europe. But viewing and remuneration to Directori, there remains. for appropriation the world as a whole there would$6,093,616,43, out of which the Directors recommend the payment of a still be a serious shortage of supplies final dividend of two pounds and five shillings sterling per share, viz. of most essential food-stuffs in the £270,000, and a bonus of three pounds ten shillings sterling per share, viz. coming year. The wheat crops in the £420,000 amcunting in all to £690,000 which at 4,103, the rate of the day, exporting countries were down; the will absorb $2,230,769.23. requirements of the importing spun. tries were up. Experts told him that 1920 would be the most critical year since the war as regards supplies and prices of both butter and cheese. Dairy produce in Australia would be below normal, owing to the great

year.

SHORTAGE OF MEAT.

The balance, of $3,262,847.20 to be carried to new profit and loss.

accounIČ,

The sterling equivalents of the various accounts are shown at 4/10. the rate ruling on the last day of the year

Directors: The Honourable Mr E. V. D. Parr has been elected chair- man for the year 1920, and Mr. A. H. Compton deputy chairman.

The Honourable Mr. Stanley H. Dodwell, Mr. W. L. Fattenden and

+3

themselves accordingly.

Auditors-The accounts have been audited by Mr. F. Maitland and Mr, E. A. M. Williams, who offer themselves for re-election.

J. A. PLUMMER,

Chairman.

וי

Hongkong. February 17, 1920.

ABSTRACT OF ASSETS AND LIABILITIES, ON DECEMBER 31, 1919.

LIABILITIES,

STERLING EQUIVALENT.

DOLLARS.

3,656,250 0 0 $15,000,000.00 1,500,000 0 0 5,118,750 0 0 60,937 10 0

6,153,845.15 21,000,000.00

250,000.00

Paid-up Capital Sterling Reserve Fund Silver Reserve Fund Marine Insurance Account

(Authorised and Additional issue NOTES IN CIRCULATION-

- against Securities and Coin Crown deposited with the Agents for the Colonies, their Trustees, and the Hongkong Government).

Current Accounts

Fixed Deposits........ BILLS FAYABLE:-

+

(Including Call Loans and Shert Sight Drawings on London Office and Drafts on" London Bankers). Acceptances on Account of Constituents Profit-and loss Account

Meat supplies of the European i

of countries. apart from Russia, were Liability on Bilk of Exchange redis-

counted, -£16.250.632.12.1 3.500,000 tons short, and many of

which £14,312,177.12.8 have heir people were serually starving.

Bince run off. o they would see that 1:0,000 :ons was not much to meet demands.

·ASSETS.

WEDNESDAY, FEBRUARY 18, 1920

NOTICKS.

DAIRY FARM NEWS.

FISH

FISH

· FINNAN HADDOCK

FILLET HADDOCK

KIPPERS

AND.

SALT SIBERIAN SALMON

NEW SHIPMENT JUST RECEIVED.

THE DAIRY FARM ICH & COLD STORAGE CO, LTD.

TYRES

TYRES

Are

TYRES

TYRES

Ox account of recent large arrivals at favourable erchange we

able to offer the well-known U. 8. CHAIN TYRES at great reduced rates from 1st February as follows—

Τυχε TYLI

X.L. J. I.K. J

Tras TTIST

L.I.} xx.

· 28 × 3

21.14

7.438,495 11 10 56,558,921 12 4 25,538,267 11 2

30.516.505.00 232,036,601.51 105,182,636.14

34 × 44

-74.30 1.N

30 x 3

24.11

7.48

85 x 4

60.00

30 × 1

31.50

8 20

...

36 x 4

73.50 18.45

1 × 4

49.70

9.74

30 x 4

70:80 18.95

35 × 33

30.40

2.45

765 × 108

47.30

32 x 4

50,60

11 10

33 4 24 * 4

55.20

- 13.30

815 105

49:45

14.40

54.40

14.00

880 x 120

46 90

17.15

4,438,625.07 1,081,914 17.3

511,346 4 1 2,097.830.75 9,093,616,43 2,216,569 01 £103,781,452 77 $425,770,061.05

STERLING EQUIVALENT

DOLLARS

joke or some one who ought not to be asked to do so. They would as soon see a wince as a smile so long as all are conscious of their presence.

The Honourable Mr. David Landale and Mr. G. T. M. Edkine having. If each of their audience had played his proper part there would have not drought; supplies were certain to be resigned their seats on leaving the Colony, the Honourable Mr. John been sufficient space for their andig, shorter and the cost would probably Johnstone and Mr. Rose Thomson were invited to fill the vacancies. Mr. and they could not have taken posses-be higher. There was a decrease in J. W. C. Bonnar was also invited to join the Board. These appointments sion of the stage.

the supplies of tea, while consump-require confirmation at this meeting. Some time ago it was less unusual tion had risen considerably. There than it is now for one perser to abwas no prospect of the world supplies Mr. J. A. Plummer retire le rotation, but being eligible for re-election, offer n: far more social being than strangers sorb the conversation with pleasure of sugar balancing the demands this take him for. As good manners and as to himself and others. Anecdote is much wit are to be found in England out of fashion here. but apparently it as in any other country, no foreigner remains popular in America. Very

As regards meat. there was a sur- seriously dorbs it. All the same, often fately we have heard the con- The average Englishman is a little too versation of prominent Americans. plus at the moment in Britain. We much of an individualis: to make ordi- from the President downwards, ad- must not be misled by that fact into nary social life in England as enter-mired for the colour and richness lent assuming that our supplies for "the The home sup- taining as it ought: to be. There are to it by witty anecdote and analogy. year were assured. small circles, we suppose, in every Perhaps they will revive a fashion in ples would be about 1,000,000 tons. country in which social life has been the Old Country. Humorous anec- Assuming that our people eat no more A hearer than they did before the war. we brought to perfection, but too many dote has a double value. men and women here go into com in one place qualifies himself to be- should want an extra 360,000 tons Also from abroad to feed them. We pany for no other reason than to avoid come a speaker in another. being alone or alone together." there is no doubt that each man in should want 1,100,000 tons of im- The ordinary middle-class"party" company united by laughter laughs ported meat instead of 750,000. Now would no doubt strike a Frenchmant more heartily than any man can laugh all the meat in the world which the meat producing countries could export as dull, and many of the guests might alone.

"We do not imagine that even in in 1920 out of the year's production seem to him to have nothing to inter-

about 1,210,000 change but greetings. The con- France every ordinary dinner or tea was estimated at

Add to that stocks of 120,000! scientious intention which animates or garden party bears any close relations. the Frenchman of doing his level best tionship to the Paris salon which is ons in hard in New Zealand and 1o make the entertainment to which the Frenchman's social ideal, which Australia heid over from past years. he is admitted a success is conspicu- he invented. and of which he is sc owing to the submarine war and ship- We do however,ping dificulties, and we get 1,333,000 ous by its absence. Nearly all Eng-justly proud.. fishmen are shy, many are modest, intagine that among the Latin races ons in all. At our pre-war rate of we should necd. These things those gifted persons who know how consumption mere pretend to be.. lic, we believe, though of course no to draw a company together, to banish 1,100,000 tons, and that left for the Foreigner will agree with us, at the alike self-consciousness and idle con-United States of America and the continent of Europe only 220,000 root of our social deficiencies. So tention and reconcile them to ench

ons. The United States wanted half cially we are not frank; our reserve other and themselves, are commoner

bat, and that left 10,000 tons in forbids us to be ourselves. A great than they are here. Socially speak number of ordinary Englishmen woulding our rank-and-file could acquit all for the continent of Europe. seem to have a whimsical wish to themselves far better than they do if appear in company in any character they were better officered. There are but their own. The whim shows it hostesses in all circles from the high- self in children. A boy will not con-est to the humblest who make all fess himself devoted to books and their guests happy. Have we not all ambitious of scholarship unless sub-known men and women whose very

COLD STORAGE SHORTAGE. mitted to a searching cross-examina-presence in a house party ensures a

There would be, beyond any doubr tion. 'He would rather appear the pleasant week-end to all their fellow-

1 world shortage of meat in 1920- normal boy who looks upon book- guests? They make every one feci

Even parochial opponents at least three million tons less meat

£16,954,180 17 0 $69.555.613.75 On the other at ease. learning as a grind.

12,481,902.90 band, the sporting boy will hardly adlay aside their bitterness. The culles Europe than our neighbours used Bullien in hand and in transit, 3,042,453 16 8

it his devotion to the game of his old maid can make some contribution to eat before the war. But to-day British Government, Indian, Colonial

19,255,635.08 there was a glut for. the next two and other Securities,

4,693,561 10 choice, and will sedulously hide his which is worth having to the con- successes in its pursuit. In the same versation. All the shy people forget three months more meat would be Sterling Reserve Fund Investments, way, when he is grown-up the form to pretend, and all the suspicious ones

know what to do with. During the £1,578,947 7s. 5d: 5% War Loan nate man of the world tends to hide are off their guard. They are them-rriving in the Thames than we would

1929/1947 at 95,... his privileged position, to be silent selves, and pleased with themselves fast two years of the war we could

He will not and pleased with each other. If not ship the meat we had for the Bills Discounted, Loans and Credits. about his advantages. infrequently play the modest man of think about these delightful people.army and for our Allies from New Bills Receivable,.....

of Constituents Realand and Australia. It was now Liabilities letters, or talk of some small hobby we shall probably End that they als

We had not cold stor. acceptances, pir contra, whom he gives are not without reserve. They do not coming over. to listeners to

The Bank Premises, understand that it is his life-interest, perhaps at first sight appear to have

Government were releasing all, re- Again, the artist plays the man of a great deal of what is sometimes ge enough for the whole of it.

that is, they rictions on consumption. "We do the world, the rich man talks of money called "character ";

I hope you difficulties, the suburban matron plays have no very aggressive characteris- the woman of fashion, the learned tics. They are seldom described as will all help to eat it.". man wants to appear simple and the very strong people. They have as The milk problem was not occa- Tule no very strong views, ncsioned by the present level of prices. simple man learned. We have an

antipathies or prejudices. the fact was that for many years our strong absurd love of masks, often of a most

nilk supply had never been adequate We use them But this form of softness is not transparent nature.

The Food Controller partly to screen our shyness, partly brought against them, because most our needs,

had decided to issue a new Milk from a foolish notion that there is of them are women, and when they

The Milk (Mothers and something festive about a little play-happen to be men they are too widely order. acting. The result is that every one and genuinely liked to be criticized Children) Order, 1918, prescribed is not at his best, every one coes not at all. What all socially gifted merconditions governing the supplies of contribute as largely as he should and women have in common is the ood and milk to "mothers, and young contribute to the interest of the dramatic sense, and that is probabis children either free or at less than more often found on the Continent

cost price. The scoond of these con- assembly.

But there are worse social foibles than in England. They see social litions limited such supplies to necessitous, cases. Rightly or wrong- than an inclination to pretend, which life as a play well cast, in which none akter all necessitates the talking off of the paris is unimportant, and which

ly the taint of charity had attached to

his limited method of supply, and some trouble. Among a dozen ordi- must be entertaining if every actor, has

we had determined to get rid of it, nary English people brought together a chance to do his best.

We have often wondered whether The Order would therefore be amend age country parish-nor more than in any country in the world it is ad by substituting for the condition eight have any desire to figure in the possible to find an atmosphere more which limited these supplies in neces conversation at all. They are willing buoyantly happy than is created in sitous cases a power enabling them to be amused, but they are not going England by a crowd of leisured young to be varied whenever, by reason of to put themselves out; and three or people. Withour social art, we had the retail price of milk in the area of £2,493 881 10 1 four of them, if they told the truth, almost said without social instinct, any local authorities it was thought would say that they were conscious they possess an unrivalled capacity necessary, or desirable to issue such

supplies, through shyness of some sort of vague for corporate happiness which in later fear of giving themselves away. They ile is lost. The fact does not prove

The Food Controller was testing would rather not talk nonsense for that we as a people do not deserve the recommendations of the recent nos much the criticisms of our gifted neigh committee on milk prices. If they fear of looking foolish, serious sense for fear of seeming prigour, but only that in youth mankind were right the price would be re- Much depended or whether gish. They will not reveal their feel-15 gay or serious by infection. Where duced.

for social purposes-say in an aver

tot want it to be wasted.

ווי

Cash (including $15,500,000 Coin lodged with the Hongkong Government against authorised and/or excess note circulation),

:

fcr

6.153,846.15 0 0. 1,500,000 37,704,975 0 11 154,687,077.11 37,681,280 1 10 154,589,867.05

511,346 4.11 2,097,830.75 1,693,645 5 3 6,948,283.26

£103,781,452 7 7 $425,770,061.05

Bubject to change without notice.

Confidential Discount for quantities upon application.

ANDERSEN, MEYER & CO., LTD.

★ CANTON; MISSION BUILDING. -TTL, 3197..

HONGKONG:

QUIK'N ROAD CENTRAL.

TIL 1990 & 1991.

EXTRADITION

PROCEEDINGS.

ALLEGED ROBBER CHILI'-

ARRESTED.

MACAO GOING AHEAD

The 5th Section of Salt W Canalization contract has 1 awarded to Messrs C. E. Warren Co. Ltd. Contract price $56,90 This firm has done the whole of c Before. Mr. J. R. Wood, at the four sections and is one of Magistracy this morning. Mr. Leo most successful installations in Longinotto, Assistant Crown Soli-world for sanitary and fire puro citor, made application for the ex-As a disinfectant "salt water is tradition of an alleged robber chief equalled and for fighting fire w who was wanted by the Canton au-fstreets are too narrow for a Dollars. thorities for robberies and murder. engine to traverse this install The fugitives said to be the has been the means of saving leader of a gang of robbers who are much property. the terror of the Puk Lo district and 1,542,857.14 the neighbouring villages, robbing,

30,000.00 wounding and kidnapping.

GENERAL PROFIT AND LOSS ACCOUNT, DECEMBER 31, 1919.

Sterling Equivalent

0

DEBIT.

To Interim Dividend :-

Paid on August 11, 1919, $25/- per Share on 120,000 Shares-$270,000 270,000 0

at 3:6, 7,312 10 0 To Remuneration to Directors...

To Final Dividend-

£2.5/- per Share on -120,000 Shares=

270,000 0.0

£270,000, at 4/104 $1,107,692.31 Bonus of £3 10s. per Share

on 120,000 Shares- .420,000 0' 0 £420,000 at 4/10 1,723,076.92

To Transfer to Silver Re" 0 0 serve Fund 437,500

...To.Transfer to Bank Pre- mises Account...... 243,750 0.0

To Balance forward to next

year

.

795,319 0 1

Sterling

-Equivalent.

799,405 6 0

Ings lest they seem sentimental, nor young people consort freely together, they had correctly estimated the pre- any convictions but the most conven-as they do here and in America, social sent yield of milk per cow. Unfortu tional lest they should make an im-life is possibly for a very short time rately the yield had diminished, owing 1,694,476 - pression of oddity or of "airs." more enjoyed than in countries no doubt to the cost of feeding

laudable which it has become more of a fire stuffs. Because of their modesty a free field is left too often: art.-Ex.

very

10 some one person who would like

4o be conspicuous. Occasionally hea

DON'T RISK PNEUMONIA.

or she is "the life and soul of the

party," but more often, from the paint

Mr. E. J. Chapman, of Messrs. £2,493,881 10 Linstead and Davis, lelt to-day by

Nagoya

on six months

of view of social success, ita destruc.ET rid of every cold as quickly as the s...

possible. It is the forerunner of leave. tion: The persons determined to all pulmonary trouble, and pdeumonia shine-are-apr to prove a disintegrating may develop in a few hours. Take element in any company. They Chamberlain's Cough Remedy. It is throw, bones of contention, and make a simple thing to do, but the effect is. their audience make sides, or they marvellous. For sale by all Chemists. chal some pas who cannot take a and Storekeepers.

CREDIT.

The occasion of the last robbery in and died. The robbers, then which this much dreaded gang good their escape. The fugiti was concerned was on the 3rd said to have been with them.

the day of

*6th acon of tary forces were sent out of the eighth year of the Republic of robbers" track on the following series of- China Uune, 30, 1919), The robbers and after entered Puk Lo at night and attacked escapes, things became so hot fi the house of a well-to-do villager robbers that the gang was die and ransacked the place and stole over and the fugitive (it is alleged) $500 worth of jewellery and clothing to Hongkong. Learning the They gagged most of the inmates was here, the Canton auth of the house and bound them up, made application for his arres The master of the house who was extradition. 9,093,618.43 the only person who offered any reEvidence was being taken.

sistance, was stabbed to the heart went to press.

SILVER RESERVE FUND,

2,000,000.00

1,000,000.00

3,262,847.20

-10,666,473.57

Dollars.

By Balance of Undivided

Profts, Dec. 31, 1918.43,279,611,48

By Amount of Net Profts for the Year ending Dec. 31, 1919, after making provision for bad and doubtful debts and con- tingencies, deducting all Expenses and Interest 1" paid and due

Interim Dividend £270,000 -paid at 3/6 per contra.

To Balance, (Invested in 5% War Loan "WALLA WALLA" Launches at

1929/1947) Bake Pier. Night and day scr viço,

7,386,852.09

STERLING RESERVE FUND.

STERLING

10,666,473.57

10 $666,473.57

STEALING

Balance 31st Dec.

£1,500,000:0:0

# 1,500,000:0:0

1,500,000:0:0

£1,500,000:0:0

To Balance

DOLLARS

23,000,000.00

$ 23,000,000 00

N. I. STABB, Chief Manager:

R. P. THURSFIELD, for Chlet

*Accountant.

DOLL

By Balance 31st Dec

1919 .....................$ 21,000; By Transfer from Profit & Loss Account $2,000

$23,000

J. A. PLUMMER,

E. V. D. PARR JOHN JOHNSTONE)

D

We have compared the above statement with the books, ve and securities at the head office, and with the returns from the branches and agencies, and have found the same to be correct.N With the exception of certain distant offices where the year.b on 31st October or 30th November, all branch and agency accou made up to 31st December.

--MAITLAND;

HONGKONG, 17th February, 1920.

E. A. M. WILLIAMS, ASALA