1920-11-17 — Page 2

Page

LAMMERT BROS.

AUUTTONBERS, APPRAISERS AND SURVETOES. -Public Auctions-

FOR SALE

MILNER'S SAFES

Apply to

LAMMERT BROS.,

Daddell Street.

MUMEYA.

Japanese Photographers. We have read our Premises to No. 36, Queen's Road, C -Sitting bours from 9.m. to 9 pm Fassport photos finished in one hour.

MASSAGE.

J

~ HONDA and Hra HONDA. Trained male Masser.

13 Tears' experience.

Formerly of Tokyo Military papital. WILL VISIT PATIENTS "RESIDENCES IT PREFERRED No. 24. Wollen Strie (Opposite to the China Nail)

INSTANTANEOUS WATER

HEATERS

For Gas and Oil Unlimited Hot Water.

C.E. WARREN & CO., LTD. Sa 2032 Des Voeux Road Central. Established 1900

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

Aur processes are thorough and Our facilities and re rotiable.

coes enable us to carry out al o quickly and our charges are welly reasonable.

Write for Price List and See!

The Diamond Dyeing and Drycleaning Co."

Agent

CASSUM AHMED,

General Draper.

32&34, Wellington Street.

Branch Nathan Road, Kowloon.

дво

'Phone 1482.

THE CHINA MAIL."

NOTICE

7.

INTIMATIONS

YOU CANNOT AFFORD TO BE WITHOUT THEM.

JUST received a large Consigament of (1) LACTOGEN the most digestive food for Infants which keeps good in quality during Hot weather() LAC TOSE (Milk Sugar) for sweetening the foods of Infants and Dyspeptics (3) MILFORD MCGRATH FLUID INSEC TICIDE the Best Plaid for destroying Fleas, Mosquitoes, Bugs, Flies, and all other Insect Pests in Summer days and

(+)

JOHN CAHILLS GOLDEN FLEECE, MAGIC and CINDERELLA SOAPS for keeping everything clean în Housex

PRICES are Very Moderate. Izs pection and Enquiries are cordially invited.

SHIU FUNG TAI & CO.,

Jule Arenze for Hongkong and South China, Nos. 4 && Connaight Food Central, Hongkong. Telephone No 15%.

FOR SALE

New Postage Stamps to commemorate the taking of

FIRST CENSUS

in

JAPAN

nsed only on October first, the day of

the Cen-us.

at 25 cents per set of 2 Stamps.

GRACA & 00, DEALERS IN Postage Etaurs, GARDEN SIPIN, TOIS, &c No. 10, Wyndham Street, P. O. Box 620.

Hongkong.

JAPANESE MAKERS.

"Every kind of Footwear.

MADE

ΤΟ

ORDER

CHERRY & Co.,

PEDDER STREET. Oyposte Hongkong Hotel Telephone No. 191

Bongkong. March 20, 1914

MASSAGE HALL Gate from Nagasaki Masage School" MR. HAN INOKUCHI

Phone No. 1944,

Stanley Street,

1st Floor,

THE NEW FRENCH REMEDY.

THERAPION No. 1 THERAPION NĚ.2 THERAPION N03

104.1 farmer Outarra. Kn. ↑ 107 Ethod ERIK DENSOREL No. 2 for Chrapie Weainettan BOLD ITERADING CHEMISTS, PRICKAN KEGLAND.86 DE LEMEZICK DE CASATORIDHARAN W&London DER TRACE MARKED WORU ↑ EXERAISON JA OT BEET, BOTE, ETANY AFFIXED * GENUJER PAGERS

ASAKI BEER

FILSENER BEER

GRAND PRIZES

their

Communications relating to news ebould

addressed to THE EDITOR. Correspocants must forwardi mamas and sådresses with any communica tou sddressed to the Editor, not necessarily

or pablication but as evidence of good Salth

All matter for publication should be wrikian on one side of the paper only,

Letters relating to business should be addressed to THE MANAGES

Rate of subscription to **China Mati” is 46 per annum ; per quarter and per men- elm "pro rata".

Orders for extcs copies of the "fa MAC should be sent se soon as possible as the supply is limited. Cash 10 ctx.. Credit

0.00%, per caps.

The China Mall' is delivered free at subscribers in Hougkong and Rewison

Portage is Charged at the rate of fifth cata par mouth.

Rate of robecription to the re-band.

Dao Mai" là 11% per montime:po

per annum stwo coats each.

extra. Mingle copy twenty.

Alterations and additions to Adver octson Pages 2, 3, 6, 7, 8 and 9 should * Ment to the Oños, No. 5, Wyndham

fatigat, not later than 11 90 a.m.

Alterations and additions to advertise- ente on pages 1, 4, 5 and 19 should be

Kairi se not lateề than 1 p.m. -

*Bay Advertisements should be sent hi

w & J

and Subscriptions which ordered fe, aâxed period will be

Köténned untâi copaterwanded.

Ala ographie Address * Muz" Hregkong.

Code

8.0, 5th Edition

*

"THE CHINA MAIL.

NIPPON

ASAH

LAGER

SPECIALLY

EXT

COM

PILSEVER BEST

ASAHI

ER-BEER

SPIRALLY KONT

COMPAN

MITSUI BUSAAM KUISELZ.

THE CHINA MAIL.

WEDNESDAY, NOVEMBER 17. 192O

NOTICES.

G. FALCONER & CO., LTD.

WATCHMAKERS & JEWELLERS,

Hotel MansioOTA 26.

Agents for ADMIRALTY CHARTS,

ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, BENSON'S ENGLISH WATCHES,

ENGLISH SILVERWARE, direct from Manufacturers, High Class English Jewellery,

MEDIUM STRENGTH

"CAPSTAN

Navy Cut Cigarettes.

HO.WILLS.

10 CIGARETTES &MOUTHPIECES.

WILLS

CAPSTA

Cut

Navy! Cigarettes WD.&.H.O.WILLS

CAPSTAN

Navy Cut

Cigarettes.

formity quality has made "CAPSTAN" one of the most

popular Cigarettes in the world TO-DAY.

This Advertisement is led by Erisiab-American Tobane Co (Chios) Iul.

CHARTERED BANK.

DIVISION OF SHARES.

INCREASE OF CAPITAL

An extraordinary general meeting of the Chartered Bank of India, Australia and China was held at 38, Bishopsgate, EC., on October 6, Sir Montagu Cornish Turner, chairman of the bank, presiding, when resolu- tions were passed making an altera tion in the denomination of the bank's shares, and increasing the bank's capital

•

They would be failing in their duty if they did not try to meet the fair and just demands of their increased staff, considering the cost of living which was involved in some parts of the East, the difficulties of housing, and the dis comforts of living in tropical Another climates. (Hear, hear.) shareholder had written to him say. ing he would be glad to have an assurance that they would be able to maintain the present level of their dividends. He would like to ask that gentleman if he could assure him as to how trade was going to be in the next six months, and what was going to happen to the rupee. The directors hoped they would not dis appoint the expectations of their shareholders, and every effort would

Tel No. 2558.

TH

TU BS.

Sanitary Goods,

Bathroom Fittings

AND ALL KINTH OF

Glass and Mirrors.

LYSON COMPANY,

$31. Queen's Road Central, Hongkong.

FURNITURE.

CONTRACTS SOTTOLIED FOR HOTHES, OFFICEE, HOTELS & SHIPS.

BRASS

AND IRON BEDSTEADS, UPHOLSTERY, ELECTRO-PLATED WARE, GLASSWARE, CROCKERY, HIGH-CLASS TEAKWOOD & BLACK WOOD FURNITURE.

TIL No. 801.

CHEONG LEE & CO.

BELD CYFICE, 65, QCZEN'S BOLD CENTRAL. ARC CODE 5TH EDENTON,

CAKLE ADDRESS - CHEONGLEE”

HOTELS AND CAFES.

THE HONGKONG HOTEL CO.,

OPERATING: ..

THE HONGKONG HOTEL,

HOTEL MANSIONS.

THE REPULSE BAY HOTEL,

AND THE

HONGKONG HOTEL GARAGE.

LTD.

J. E. TAGGART,

MAXARTE.

THE PEAK HOTEL

1,500 Feet above Sea Level

15 Minutes from Landing Stage. Under the Management of

Mrs. BLAIR.

KING-EDWARD HOTEL

CENTRAL LOCATION

LL KLECTRIC TRAMS Pan Entrance, Electric Lifta, Fans and Lighting A European Baths and Sanitary Fittings, Het sad Cold Water Syrien throughout. Best of Food and Service.

Telephone 373. Telegraphic Addrosz >--- VICTORIA."

Bills of Exchange re-discounted were case. in December, 1918, £4,000,000, in December, 1919, 16 millions, and in June, 1920, just about the same figure. Forward contracts on Dec. 31, 1918, were £18,500,000 and on December 31, 1919, £48,500,000. The total of assets and liabilities in December, 1918, was £47,500,000, in December, 1919, £68,500,000, an increase of 44 per cent, and in June, 1920, approximately £75,500,000, an increase of 592 per cent. on the 1918 figures. He thought no further words on his part. were necessary to show that they were fully justified in coming to the shareholders to recon mend an increase of their capital. Their profits bad also increased satisfactorily. In 1914 their profits The Chairman said the circularį were £372,000. Then came 1916, letter of Sept. 16 would have ex-with its terrible tax of the Excess be made on their part to maintain fair plained the object of their meeting Profits Duty, but in spite of returns on the shares of the bank. that day. As regards the first resola that, they showed an advance to They would not recommend at any tion few words of his were required 381,250, is 1917 to £402,500, in time what might be called outrageous- to recommend its scceptance by the 1918 to £409,500, and in 1919 toly big dividends, but they tried to shareholders For some time past £444,347. For the present year he give shareholders a fair and just they had appreciated the fact that did not anticipate a falling off in the return for their investments. As the denomination of their shares at profits shown last year. They bad regards the position of trade, un £20 each, plus the premium attached, had a satisfactory half-year, and he doubtedly they were in for a period had made it a rather heavy security hoped they would not have an un-of anxiety and difficulty, but he to deal with in the markets, and it satisfactory six months, ending Dec. thought with calmness and modera. Bad been somewhat difficult for the 31, 1920. As regards the terms of tion on the part of the directors of smaller class of investors to take up issue, he was sure the shareholders the bank, and with fair treatment of the shares, so that many desirable would appreciate the fact that they their customers who had stuck to investors whom they would have would now get one new share for them so loyally in the past, he thought weldoned were unable to enjoy the every two old ones, as against two he could assure them there would be privilege of being shareholders of the for every three on the previous oc- no great catastrophe as regards the Chartered Bank. Therefore, it was casion, and that the premium was business of the Chartered Bank, and with pleasure that he would propose only £2 108. per share, which had it he was convinced that when the cloud presently that the £20 share be sub been made on the previous lines would of unrest in the labour world had divided into four shares of £5 each have been £5. They had done so for passed away, trade in the East, Then, as regards the second resolu- the purpose of giving the stare as well as in the West and at home, tion, their letter stated that to meet the holders

and be will not be much worse in the future good terras, increased demands of trade, and the thought they deserved them. He than it had been in the past. They greater volume of business the bank had

rather

Telegraphic. Address "CARLTON" pleased; to should go forward with courage and was being called upon to finance, the receive a letter from one of their firmness and the conviction that Court of Directors considered it de shareholders saying he was astonish all would be well when the clouds, sirable to put before the shareholders ed at their liberality, and asking had rolled by.. (Hear, hear.) He proposals for the increase of the whether they could afford it. Well, begged to propose the first resolution follows That the present Bank's capital. In his remarks at they were just able to afford it as the extraordinary general meeting in (Laughter.) Then it was thought capital of the bank, viz., 100,000 December, 1918, he had given parti- desirable that full payment of the shares of £20 each, be sub-divided culars as to the gradual increase of shares should be made by Dec. 31, into 400,000 shares of £5 each." the capital and the reserves of the because by so doing the new shares Lord George Hamilton seconded bank. He need not refer to those would rank for full dividend, pari the resolution, which was carried figures now, but he would give some pass, with the existing shares. He unanimously. Sgures which were, of considerable hoped they would appreciate that interest, and which showed the course (Bear, hear.) With the new growth of the business during the issue the capital of the Bank would past two years, and the necessity for stand at £3,000,000, and the reserved their coming to the shareholders fund at £3,500,000 with proposals for an increase of! capital.

·

·

THE BUSINESS OF THE BANK.

been

APPRECIATION OF WORK BY STAFF.

*

The Chairman then moved "the second resolution, as follows:-

That the capital of the bank be increased to 600,000 shares by the issue of 200,000 new shares of 5 each, and that such shares be offered They must not forget that the to the existing shareholders in the Jarge increase of their business proportion of one new sháre for every The deposits on Dec. 31, 1918, evidenced by the figures he had two shares already held at a premium

had stood at £33,777,000, and on Dec. 31. read

entailed considerably of £2 10s. per share, payment to be 1919, they stood at £48,000,000 an in more work and far more respon-made as follows:-5 on or before crease of 42 per cent; on June 30 ofsibility and devotion to duty on the November 15, 1920 2 10% on or this year the total was nearly £54,000-part of their staff, and it was only before December 31, 1920 Interest, 000, an increase of 59 per cent, over right and fair that their efforts should on these instalments will be paid at 1918. The Bills of Exchange on Dec. be suitably rewarded. The directors rate of 6 per cebl. per annum, free 31, 1918, were £22,244,000, on Dec. had not overlooked this consideration, of income tax, from date of payment He mentioned that until December 31, 1920, after which 31, 1919, 626,500,000. and on June (Hear, hear.)

له

30, 1920, £28,000,000 in round figures, because another, shareholder had date the new shares will rank in all. an increase of 25 per cent over 1918 written a letter in which there was a respects pari passir with the existing Bills discounted and loans were in slight insinuation that they were shares.".

Mr. Thomas Cuthbertson seconded, December, 1918, £12.500.000, in considering the staff more than the December, 1919, £17,500,000, and in shareholders. It was a very ungrate and the motion was carried June of this year £26,500,000, an inful suggestion, and he "could assure animously.

1918. the shareholders-s crease of OS DE TONE,

The proceedings then terminated.

was-not-the-

་་

3. WITCHELL, Manager.

CARLTON HOTEL,

(TES ONLY AMERICAN HOTEL IN THE COLONY.) ICH HOUSE STREET,

Under American Management Nice and quiet yet only a few minutes walk from the Banks and Central District. 43 Bedrooms, Kreslent Orishan, Bater on scrupulously cloaz Moderate Terme Monthly and Family application to the Proprietress. Launches meet Paenger Bosts.

MRL. F. E. CAMERON.

PALACE HOTEL

KOWLOON.

(Two minutes from Star Ferry}.

Recantly renovated and refuralabed, electzis light and fans throughom

and entirely under now management. Chisine under the personal supervision of the propcator, Bar and Billiard Booms. Tarma modarată. Spacial terms to families on application to

Telephone K. 3. Telegraphie Add': "Palace"

J. H. OXBERRY, Proprietor.

JUST ARRIVED

AMERICAN CHOCOLATES. THE BRITISH AMERICAN CANDY STORE. 16, Pottinger Street.

Amant of

JANG YUK, Destiel,

the

SIEE TING,

Ia D'Anurax ŠTEKST,

TERMA VERT MODERATE

*Conselacion free.

Y. NA GAZA

FURRIER

Furs made up Artistically, Furs cleaned and Remodelled.

[Cha cuilat Prirner Healderere 'by Appointment. * Address—3rd Floor, & Reaya East,

FRENCH LESSONS

5.- MOVESION

„15, Morrison Hill Rand