1920-07-13 — Page 3

Page

TUESDAY, JULY 18, 1920,

Berhes & Hough

AUCTIONEERS TO THE GOVERNMENT

General Auctioneers Share, Coal and General

* Produce Brokers and

Commission Agents.

PROPRIETORS #To-Ewi-Wan* Con! Storage

4. B.

Briar wod

Pentley's

& 5th Editions.

A 1 Fleuraphic Code.

Telegraphic Addr

“MURION' WONGKONG,

-PUBLIC AUCTIONS-

18K Under-igned have received instruc-

tors to all by Public Auction, (For Account of the Concerned),

45

THURSDAY,

July 15, 1920, commencing at 2.30p.m.,

a: their Sales Rooms No. S, Des Faux Road, Comer of

Teo House Street,

sensignment of Cretonnes..

Casement Cleths, &c., &, Arrived from Lonēta per

6.3. "IYO MARU,”**

Also

Mosquito Netting, Lace Curtain Net- ting an assortment of Dress Materials, "Blankets, Toilet and Bar Smp.

On view day of sale.

Terms: Cash.

G.

HUGHES & HOOGA,'

Auctioners.

R.

BB Undersigned have received în- structions from The CrETODIAN ENIKY PROPERTY, to sell by Public Auction,

"

0%

SATURDAY,

July 17, 1920, at 10.30 a.m., at their Sales Booms, No. 8,

Des Voux Road, Corner of

Ice Horse Street,

Saaday Faraiture,

Gleas and Crockery Ware,

Curios, &c. &c.

Also

A number of Silver Articles,

And

A quantity of Jewellery.

On view day of sale

T:---Oash."

.. HUGHES & HOUGH, "

Auctioneers,

Hongkong, July 8, 1920.

EUROPEAN AGENCY,

WHOLESALE Indents promptly

Wazecuted at

lowest mak prices

for a Brish and Continental goods,

ncluding

Books and Stationery.

Boots, Shoes and Leather, Obemicals and Drogists' Sundries, China, Earthenware and Glassware, Cycles, Motor Can, and Accessories, Drapery, Miloery and Piece Goods Fancy Goods and Perfumery. Hardware, Machinery and Metals, Jewellery, Plate and Watclos, Photographic and Optical Goods, Provisions and Dilmen's Stores,

etc., etc..

Oommission 24% to 5%-

Trade Discounts alicared, Special Quotations on Demand. Bangles frown" £10 uprowds." Bonairements of Product Sold on Account. WILLIAN WILSON & SONS $KABLISHED 1814),

25, ARCHURCH LAXY, Lozzox, 2.0. Cable Addres-· * ANNULIZz' Ionotr.

WAP*NE)

TAIYO & CO."

BOOTS AND SHOES

1040

TO OLDES

Ko, ra. Wyndham Hi

THE CLEANING OF SUMMER FROCKS is an important matter and we make a speciality of "refinishing" light Frocks and Costumes so that they keep clean longer than when treated by ordinary methods.

Dar procosses are thorough and reliable. Our facilities and re- sources enable us to carry out all work quickly and our charges are really reasonable. Write for Price Last and See!

The Diamond Dyeing and Drying. Company. Agrot

CASSUM AHMED.

Dripor...

22, 34, Wellington Streek.

23. Nathan Road, Kawlors.

*Phone 148%.

!*

WANT ADVERTISEMENTS

35 WORDS 3 INŠKRITONS, 81.^PREPAID.

Each additional word & Cents for 3 Insertions.

WANTED.

WANTED-Fosition as private or

· Executive Secretary by YOUNG AMERICAN WOMAN, by American firm Address: Grable, City Purchas ing Depariment; Six Dreno, CALIFORNIA, C.'S A

TO LET

THE CHINA MAIL.

TO LET I FLOOR in No. 2, Mandy Road, Kewloon. Apply to TNG WA BUILDING ADEST, 43, Queen's Road East. Tel. No. 1051.

Kewloon

TO LET A SHOP in Nathan Road, Apply to Humphreys Estate & Finance Co, Ltd, Alexandra Buildings

TO LET OR FOR SALE.

WANTED. A complete get of the latest edition of the Encyclopaedia Britannica. Reply stating cost, acndi-LENSHIEL No. 141 The Peak, tion, etc. Apply Box No. 1815, co near Barker Road Tram Station- Apple to Linstead and Davis, Alexandra Buildinga

China Mail.

H

Comfort in the Hupmobile is a very positive equality.

It can be measured in the car's extraordinary riding ease: its superb steadiness over all roads: in'its palling power and its wonderful performance. ·

BRIEF SPECIFICATIONS,

Body Types -Five-seater tour-

ing car, two-seater roadster. Wheelbase-112 inches, (2.84 m).

Cylinders-Four, cast en bloc,

removable head 3 bore x 14 stroke, 83 x 140 mm.

Etarting and Lighting ---Electric

two unit systems. Ignition- High tension raagneto. Carburettor -Arijustablę.

Fuel System-Vacuum Feed. Lubrication Pressure system

with pamp Clutch-Dry disc type- plate.. Tyres-875 x 105 mu clincher

or 3 x 4 straight side. Demountable rima. Wheels- Wooden

type]

(Artillery

Colour-Blue or gray body.

ALEX ROSS & COMPANY,

HONGKONG, CHINA..

SHANGHAI GARAGE COMPANY,

SHANGHAI, CHINA.

Hupmobile

Appropriate, always.

With certain dishes, such as Game, LEA

& PERRINS' SAUCE is always appropriate.

It is the recognised sauce for such use.

In fact, for everything with which a sauce can be used, LEA & PERRINS' is invariably "the BEST. It has a refinement of flavour

that suits the most delicate dishes and appeals to the most exacting palates.

Lea Herring

BA

The Original je Grenadine WORCESTERSHIRE

TU

BANITARY GOODS BATHROOM FITTINGS

AND ALL KINDS OF

GLASS and MIHRORS.

LYSON COMPANY,

Tel. No. 255S.

384, Queen's Road Central, Hongkong

BUY YOUR STATIONERY FROM US.

We Keep the Finest.

•Stocks Complete.

PRICES MODERATE.

DER A. WING & CO.

Stationers Printer:

60, Des Voeux Road,

Bookbinders.

RIDDING AT AUCTIONS.

*RINGS" AS A FRAUD UPON

THE SELLER.

WHITE STAR YEAR.

PROFIT £105,000 MORE,

The Oceanic Steam Navigation In the King's Bench Division on Company (White Star Line) was por May 13, before Mr. Justice Shear-free to earn all it might have done in man, the case of Rawling y. General 1919, but a total of £1,746,624— Trading Company was decided.... £405,000 more than in 1918, which The plaintiff sued for an account | enables the directors to pay a dividend

of

profits; the only defence was that contract of the kind alleged had been entered into.

Mr. Walter Stewart appeared for the plaintiff; and Mr. Bray for the defendant-

pre-

of 20 per cent, provide extra deprecia- tion, set aside £100,000 for general Purposes, and increase the balance forward by £83,476-is not to be despised. The report states that the Company's fleet was released from It appeared that the Govern the liner requisition during the year, ment advertised: sale by abc-but by arrangement tion in ireland of a quantity of portion of their carrying capacity was stores. No reserve was fixed. The placed at the disposal of the Govern- plaintiff and the defendant were both ment at rates of freight considerably engaged in the business of buying below those rumg in the open such stores and of reselling them for market. The Company was called commercial purposes... They knew upon, too, to furnish passenger each other slightly.. Each received accommodation for the return of a information of the intended auction,large number of troops and de- and they went over to Ireland to pendents to the United States, Lattend it. They had hoped to get Canada, and Australia at speclai

the goods cheap; but they found an agreed rates. unexpected bidder, who was opposed The accounts show that the bal- to them. The three then came to ance brought forward was unusually terras among themselves, with the small, and for that reason the amount result that the goods were knocked available.is less than it was for 1917 down to the combination for a sum and 1916, but it still exceeds that amounting to several hundred pounds for 1918, as will be seen from the less than they would have fetched if following table - the auction had been open and unrestricted.

JUDGMENT.

In giving judgment, Mr. Justice Shearman said that as the case was certain to go further he would noti deliver judgment at great length. He had examined the old authorities. and it appeared that while equity had allowed such agreements, the com-

mon law had forbidden them. Even on the equity-side the text-book Sugden oa "Vendors and Purchasers,” a very high authority, had considered

·

164,255

324,738

397,521

317,793

318,940

100,000

100,000

200,000

28,000

10,000

750,000

20

637,500

750,000

20

104,512

21.036

Profit

1919.

1918.

1917.

2

Brought forward 1,746,624 1,341,543 1,534,201 Available....... 1,767,660 1,495,798 1,834,807 Dob. Interest 80202 94,731 Brought forward 21,036 164,255

Inc. tax & feca

Depreciation ...

For gen. pure -

poses (CORA To pension fund &G ****

Rate per cent... Dividend ta

Carried forward

298,385

97,036

we

show

the

profits and

in pine carlier years

***

Profit. Div. per

£

cent.

*1908 *306,242......10 1909 620,344...20 1910-1,070,274......30 1911 ...1,102,756.....-60 *1912 -.- 919,033......30 1913 1,121,258.65 1914 887,548......35 1915 ...1,968,285..........65 1916 ...2,402,758.20 *Year of loss of Titanic.

I

CAPITAL AND ASSETS,

such agreements improper. In the circumstances he thought that it was open to him to form his own judg- ment on the matter, and, in his view, à contract of this kind was a clear fraud on the seller. The property in such a case could, not realise a fair price. The question of moral guilt might, perhaps, be affected by Below the fact that the practice of making dividends these agreements had prevailed for so long. The old ground given in equity allowed for it was that the principles of trade and commerce required that it should be permitted. But equity held that if the seller employed a "puffer" to bid without disclosing the fact the contract was unenforceable, and he could not see why, in the contrary case of a

· private arrangement by the buyers, the sellers should not be protected. The Sale of Land by, Afiction Act, | 1867, and the Sale of Goods Act, 1893, section 58, merely consolidated The year's profits are stated after. the existing law, and were dot providing for taxes, deferred over. material in the present case.

hauls, &c. The capital being all Where goods, the property of the held by the International Mercantile public, were put up for sale by auc Marice Company of New Jersey it tion, it was, in his judgment, contrary was formerly allowed to remain at the to public policy to let persons com-nominal amount of £300,000, but in bine to buy at less than a fair price. August, 1916, it was called £3,750,000, The public was thereby clearly de reserves for the balance being capi franded. Ee remembered the old talised. In accordance with the trust warning that a Judge must regard deed, debeatures to the amount of the principle of public policy as an £126,300. (against £117,500 last unruly borse which might carry him year) have been redeemed during the na one knew wherebet he also thought past year, making the total redemp that when a Judge felt that public tions £884,100. The depreciation policy required him to follow a allowance has been calculated on a 41 certain course he ought courageously per cent basis, and the directors have to do so. There must, therefore, be also included in it £50,000 in reduc judgment for the defendant, though tion of the values of the standard without costs, for the evidence which steamers "Bardic" and "Gallic." The the defendant had given was obvious. "Galli," which is a fully refrigerated ly untrue.

vessel, is being worked in the colonial service. A new steamer of about |16,000 tons, to be propelled by geared turbines, has been ordered” from

AN INTERESTING VESSEL. Messrs. Harland and Wolf, Belfast, for the North Atlantic service," and the keel will be laid down shortly,

THIRTY-THREE YEARS'

SERVICE

+

INFLAMED SPOTS ON CHILD'S HEAD

Lost All Hair. Itched and Pained. Cuticura Heals.

"My Wle girl had dreadful places on her head, and all her hair. was {esten away. There was a mise of | rod ·and' white spots thet liched | and, pained, and turned wet, and Rebarted

There is now lying alongside the wharves of the New Engineering and Shipbuilding Works at Yangtzepoo a ressel which has been running on the China coast and in the Australian trade for over 35 years. This is the “Indragirkha" which vessel was formerly the "Tsinan" owned by the China Navigation Company. She was sold just before the war to the Russian Volunteer Fleet in whose service she now-is. Her sister ship is the "Changsha" of the China Navigation Company which vessel is still in the Australian trade. Both vessels were bailt by Messrs. Scott and Co Ltd. of Greenock and the old "Indra. girkha” is certainly a credit to the good work done by this firm; the is" a clipper built ship of about 2,000 tons and is still in fine condition. At the present she is having new boilers installed before resuming her run in the Russian Volunteer Fiest. If one could bave the privilege to look, over the log of this ‹versel since the date when she left the hands of her builders” there would be revealed many Lions Soup shares wabout ting, teresting chapters in her history which would be well worth record-

7

"I saw an advertisement for Cuti- cara foap and Ointment and sept for vļa free sample. The firm applications did per zo much good that I bought mon, and now she is completely hexed" (Signed) Mrs. I. Andux, 1. {Sálisbury Tatace, Victoria St., Littio- {port, Cambe, Eng.

Use Canicura Soap for toilet par- } poses, saslaud by wiches of Carleurs Diperbent to soothe say tendency to brization, redness uz roughnes

Siim La, Olatzsent Is. 36. and 26.68; Soldi tronghoDE IDE E

Jun31, Canruunpar

for the WALLA-WALLA "

·Beet."-"Ptrone No. SBYBE?

ing As it is she now lies alongside Two new Launches are being built the wharves in Shangnai and her weather: beaten" and somewhat an-. cient aspect, coupled with her fine clipper bow and jih boom, cause the observer to speculate as to what her juist history has been and what sur- prizes would be given were it only known. Shanghai Gazette.

WHEN YOU EAT TOO LUCH:

MEN CHEUNG

Haut Crass ProZOGRAZEKL -Los House Breek Tek

NOTICES

PRIVATE CAR OWNERS!

WE CAN GARAGE YOUR CARS FOR $10: PER MONTH

་་་... EXPERT CHAUFFEURS SUPPLIED AT SHORT NOTICE.

ALL KINDS OF REPAIRS UNDERTAKEN,

:

PETROL, OILS, GSEASES, TYRES, ETC., ALWAYS IN STOCK.

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TELEPHONE-1038.

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can

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An ordinary bicy

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4

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Two"

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UNION ENGINEERING CO., LTD York Building, Chater Road,

LONG HING & CO., PHOTO SUPPLIES,

Kodaks and Kodak Films, &¿‚ ̈ào. DEVELOPING & PRINTING A SPECIALITY.

No. 17A, QCS' BOAD CENTRAL, HONGKONG

SWATOW DRAWN THREAD WORK,

CANTON EMBROIDERY. WHOLESALE AND RETAIL, S. K. TSAN & CO.,

P. O. Box 561.

51, QUEES'S ROAD CENTRAL,

CABLE ADDRESS TSANG.

THE HOTEL ASIA

WEST BUND, CANTON.

The highest building in Canton affording a panoramic bird's eye view of the whole city and suburbs.

Large and airy rooms, Elerators, Electric Lights and Fans installedi. Hot and cold water service fitted, Excellent Cuisine, Bar and Billiard room, Ecol Garden, Cinematograph. Thestre and every modars convenience provided.

Special monthly and family rates can be arranged on application to

THE SUN CO., LTD.,

Proprietors.

These Cigarettes are made of selected Milds leaf tobacco and quits harmless to those. who are accustomed to inhale.

NANYANG BROTHERS TOBACCO GO.

165, Des Voeux Road,

Hongko