1921-05-18 — Page 8

HONGKONG HOTEL CO., LTD.

OPERATING

HONGKONG HOTEL GARAGE

17

Telephone No. 32 Telephone No. 659 Telephone No. 881

RUSSELL STREET, GARAGE REPULSE BAY GARAGE

SOLE AGENTS FOR HONGKONG ANI

SOUTH OHINÄ FƆR:-

Cars

STUDEBAKER CORPORATION Cars

ROLLS ROYCE

WHITE COMPANY

Commercial Tracks

"

UNITED STATES RUBBER CO. Tyres & Rubber Goods "A. E. LEJEUNE

Motor Car Mascots

HEAD OFFICE & SHOW ROOM IN PEDDER STREET.

COMPANY MEETING.

to dispose of which will take some time, and must, I fear, entail serious

THE CHINA MAILAA

moment in this or other of our Eastern markets until the world has really settled down to 's true and genuine peace basis, and free and restricted trade prevails in aid with all nations of the world..

HENEFIT" OF THE RANK'S' CAPITAL INCREASE.

BOMBING HERO.

SENT TO JAIL.

A MENTAL AND PHYSICAL WRECK.

LIDURDAY-MALMI

DAIRY FARM NEWS,

JUST RECEIVED

consignment of Smoked Fish direct from the SCOTTISH FISHERIES

Fillets, Haddocks, Kippers.

this bank, has retired after forty-six years" arduous and successfuleervice. He left with the good wishes of a very large circle of friends off his late colleagues, ad of the board. We hope he may enjoy many happy and restful years in the retirement he has so well cared. In Mr. W. E. Preston,

A distressing story of an Army As regards the report and balance who has succeeded it. Whitehead, officer who took part in fifty-three sheet, which we ask you to accept we are fortunate in having a very able fouling raids on Germany'a ko to-day, you will notice that with the and competent chief in whom the dustrial centres was told at the increased capital, sanctioned at the board and all who know him have Marylebone Palice-court. The accus special meeting head on October 9 last the fullest confidence. Under his ed was John Dudley Edward Daddy. and confirmed at a rabsequent meet-management and that of his colles aged 25, formerly an ances to the ing, the capital of the bank now stands gues, Mr. Bruce and Mr. Miller, we RF, and dow a general merchant.. at £3,000,000, made up of 800,000 have no fear as to the future house in Lainates-square, Bayswater. married, and living at a boarding. shares of £5 each; as against the old perity of the bank. You will be asked The charges against hits were: For spital of £1,200,000, increased last to-day to confirm the slection of Sirging and uttering prescriptiegs for your to £1,000,000, and the shares of John Jordan, G.CIE, to a seat on cocaine, having 18gr of the drug in a per value of £20. The increase of the board. Sir John has had an his possession, and attempting to capital from £1,200,000 has been of extraordinary period of service in procure a further 18gr. invaluable amistance, enabling us China from 1876 to 1920, and for the Mr. Henry Stewart Moore, solicitor, to meet the requirements of trade past fourteen years filled the position defended, and in view of his plea of generally, and especially of late, when of British Envoy Extraordinary and guilty to the last two charges, the the demands of car customers, mazy Minister Plenipotentiary with great charges of forgery were not proceed THE DAIRY FARM, ICE & COLD STORAGE ÖG., Ltd. old and valued friends, Eave been some honour to himself and with great

ed with. what larger than usual. In all cases advantage to the British Respire. By we have endeavoured to meet lagit his tact, his diplomacy and his genial prosecuting for the Commissioner of mate trade demands as far as the nature, Sir John Jordan has won a

Police, said the case was undoubtedly a sad and distressing one, for from resources of the bank have permitted name for himself amongst official and all be heard, the magistrate had be The reserve fand now stands at non-official Chinese which will never fore him a man who, having reged £3,500,000, and it should be our object be forgotten. With these remarks to this army record, was a here, but gradually to increase this figure as big to move the following resolution-- who now, by sdeletku to this terrible opportunity occurs. We have also namely: That the report now pre-deug, encaine, had reduced himself to thought it necessary to set aside sented, together with the balance something even lower than the brute £100,000 on premises account in view sheet and profit and loss account, be creation Accused, not content with of our building engagements, where approved and adopted" I will ask unlawfully obtaining the cocaine on it has been found necessary either to Sir Alfred Dent to second that re-a number of occasions in different chemist in London, had tried, "is rebuild or to purchase new sites and solution build to treet the requirements of the business and the staff. You will notice that interest has been paid on instalments of new capital ap to December 31 last, and the new shares

Sir Afred Dent, KCMG., seconded the motion, which was carried un animously.

Mr. Berbert Muskett, the solicitor

der to satisfy his craying for the quantities by means of forged medical the drug, to obʻain it in various

certificates, and bad thus rendered various chemists. Hable to prosecution.

TO-DAY'S CABLE.

(Renter's Service to the China Mail)

SOVIET GOVERNMENT,

„AMERICA'S CONDITION FOR RECOGNITION.

WASHINGTON, May 17.

The United States has notified the Soviet Government, that it bas nò.

The Chairman next proposed: That & dividend at the rate of 14Mr. Sarwart Moore urged it def- chance of recognition while Americans are kept prisoners to Russia. There

CHARTERED BANK OF INDIA losses. As instances of depreciation ranked for dividend as from Januaryp.c. per annum for the half-year ence. that the accused was a public are at least 20 Americans whose condition has not been ameliorated,

AUSTRALIA AND CHINA.

EASTERN TRADE OUTLOOK.

in values I would quote the following: last Cotton has declined from 9.90€.

GRATIPTING INCREASE IN FIXED DEPOSITS.

per ib. on 1 March, 1920, to 6.384. per lb in March, 1927, a fall of Turning to the figures of our bal- 23.52d, showing a drop of 78 p.2.;ance-sheet, it is exceedingly satisfac" jute from £10 per ton to £2 per ton; atory to note that, in spite of the severe The sixty-seventh ordinary general fall of £38 per ton, equal to a drop of drop in prices to which I have referred meeting of the shareholders of the pc; hemp from £16 per ton to and also to the equally severe fall in the Chartered Bank of India, Australia 240 per ten, a fall of £36, equal to Eastern exchanges, our total figures and China was held on the Bank's 47 p.c.: copra from £72 per ton to on either side of out account should premises, 38. Bishopgate. London, per ton, a fall of £40, equal to amount to the satisfactory item of E.C., on April 8, 1921, Sir Montas 55 p.c.; wool shows a fall of 75 p.c.; £70,932,741 16s. 10d., against £68, Cornish Turner (the Chairman) pre linseed from £56 10, to £18 10s. per siding.

The Chief Hanger Britton: a fall of £33, equal to 68 p.t.: Prestant having read the notice apeseed from £51 to £15 ta per ton,

a fall of £35 15s, equal to f1 pc. convening the meeting and the report rubber from 2s. 7d. per Ib to Is. 7 of the anditors.*.

for crepe, a fall of Is. 6d., and from 28. The Chairman said: Gentlemen, per tb to 113d. for Para a fall Before moving the adoption of the of 18. d., equal to a drop of from report I should like to make a fex 58 pc. to 62 p.c.; tin from £409 10s remarks with regard to the business

to £159 10s. per ton, a fall of £250, of the past year. When we met mequal to 61 p.c.; silk from 6is. to 20s. this room at our last annual meeting 3d per 15, a fall of 42s. 9d.; shellac

just twelve months ago, we were in from $259. to 300s. per eat, afall of reduction under bills payable to

535, equal to 63 p.c.; and hides and skins show a fall of from 60 p.c. to 75

p.c.

EASTERN TRADE PROSPECTS.

•

BETTIE SILVER PURCHASTS.

MEETING A WAR OBLIGATION TO AMERICA.

ended December 31 last, together school boy with a highly artistic with a bonus of 6. 3d. per share, free temperament, and said immediately of Income-tax, be now declared, on the outbreak of war he sacrificed a good job with good pay and enlisted payable on and after the 15th inst.”

The Right Hon. Lord George He afterwards obtained's commis as a private in the Royal Fpsillers. Hamilton, G.GS.I., seconded the ion in the Durham Light Infantry, solution, which was approved. took part in a great many engige On the motion of the Chainman, ments, and was ultimately wounded

WASHINGTON May 18, seconded by Mr. W. Foot Mitchell, at the Battle of the Schime and sent The Treasury announces the receipt of $17,080,000 from Britain the Right Hon. Sir John Newell Jor home. Afterwards he joined the as the second instalment of $122,000,000 dollars for the purchase of allver dan, G.C.LE, K.C.B., K.OM.G., was RAF and undertook what was during the war. The payment includes $4,088,000 as interest. elected a director.

perhaps the most perilous task The Chairman next proposed: of the war-the bombing by day "That Sir Dimcan Carmichael, Sir of the big German industrial con- Harry Goschen, AB, and the tres, including Metz, Strasberg and

zind Melheim,

altogether bel Right Hon. Lord George Hamilton, ad to his credit fifty-three of these G.OS.I., the retiring directors, bear raids. The nervnim strain, bow

ever of flying eight hours surrounded by German aeroplanes and bullets proved too much for him.

Mr. Thomas Cuthbertson seconded the motion, which was unanimously agreed to:

י

GYTTON SPINNERS' WAGES.

LONDON, May 17. The cotton spinners have decided to ballot on the employers! demand day for a 30 per cent, reduction of wages.

RED CROIS LEAGUE SECRETARY.

GENEVA, May, 17.

and feeling that, he could cot contiobe! Mr. Robert Banks then moved unless he fortified himself he eventual- That is, D. G. Wilson and Mr. Hly resorted to the pernicious habit of . K. Suleman be re-elected auditors Mrs. Dudley, the accused's wife has been appointed Secretary General to the League of Red Crom Societies.

taking: dzugs. 12 for the ensuing year."

H. B. Henley, and carried

The motion was seconded by Mr.

sald 'the home at Ealing was not a special one for drug victims, but the authorities had underṛaken to cure her husband

Sir Claude Hamilton Hil, K.GAL, retired Indian Government official,

NEW U. 8. AMRANS ADOR TO ITALY,

The Magistrate: Do you know what restraint they will have on bim? They simply want his word of bonour to stay there until the doctor ambassador to Italy. thinks fit to release him

-New-You, May. 19.

Mr. Richard Child, former editor of Collier's Weekly, has been appointed

741,695 14s. 8d. at December 31, 1919. Whilst our current accounts show a small shortage of £366,723 11s. 60, our fixed deposita show a very pleasing increase of £1,136,886 158, 9, which would point to current account money re-elected" being transferred from a call to a fixed basis, which is very gratifying indeed at a period such as the present. Our ability on loans payable, it will be noticed, has been reduced from 62 129,023 0s. 4d. to £1,020,000. The £4,367,612 3. 3d. from £6,681,709 17s, 3d.is, of course, entirely dae to the lower rates of exchanges now ruling. Mr. Frederick Tomkinson said he Criticism has in certain quarters been desired to propose a resolution, which made that banks generally have not he was sure all the shareholders pre- played their part in financing this sent wonia cordially adopt. The re- country's trade to the full extent of solution was: "That the best thanks their resources. I think that in our of the shareholders be given to the ease a comparison of our figures under directors and the staff for their that the accused had distinguished Mr. DrByncourt: said it was clear the headings of Acceptances on successful management of the bank." himself immensely, and that he had account of customers" and "Bils After listening to the very clear and developed the habit as a result of a discounted and loans,"riz; £3,720,598 excellent address of the chairman, it very natural collapse of his nervous Os. Id. and $25,585,930 188. 10d. seemed, in view of the circumstances. system. In that he had respectively, against our 1919 Sgures he had described, very remarkable sympathy with him. But it was uf £1,679,929 0s. 9d, and £17,561,304 that such a satisfactory report should also clear that at this stage be needed 371 31 32 30.5.25. 3d will convince most that we at have been submitted to that meeting to be restrained, by force if necessary, progressing satisfactorily. The Premier has returned to London in order the collapse would come with such Hongkong572432 least have done all that could reason The figures quoted by the chairman and in his own interest, therefore, to facilitate a settlement which is being attempted on permanent lines. lightning rapidity, or that the effert Shanghai 8 7 32 55 63p.cably have been expected of as in this indicated the great depression he sentenced him to six months in the would be so deep and so widespread. Saigon 6 4 2.34.401.63p.c. Some people are inclined to attribute Manila. 10. 2 20 7122p.c. particular respect. And whilst ren in trade, especially in the East, and second division, in the hope that tr The serious decline in Indian and dering this great, assistance to the he thought it was really almost mir- would effect his cure. The magis the great collapse to a particular

trade of our country, we have been aculous that the board had been able trate added that the accused was cause, such, for instance, as the im- Chinese exchanges has in a measure

perfectly free kam anything position of the 60 pc. Excess Profits accounted for the difficulty of the dis- careful to see to it that the percentage to present such a satisfactory report penal tax. Others attribute it to the vaga-posal, of manufactured goods in the of our cash resources to current and to pay such a handsome dividend, ries of exchange, or the attitude of different markets, but in India the account liabilities over 30 p.c. has in addition to placing considerable Labour in bringing about constant position has been aggravated by the zot been allowed to be unduly en-

the enjoyment of a period of great commercial sefivity. In many cases the demand for goods, exceeded the supply, with the result that prices soared to record heights; wages rose by leaps and bounds, and exceptional profits were made, only to be swallow ed up by the insatiable demands of the tax-gatherer and the omnipresent rate-collector. It was very evident that, with an unsettled world and a half-developed peace, this condition of feverish activity in

"in trade and de hasive prosperity could not last. We

Silver has fallen from Sid. per oz in March, 1920 to 321d.. per oz. in March, 1921, a fall of 61 p.c., and Eastern exchanges have dropped, as the following list will show

T.T. SELLING RATE ÖN LONDON.

1st Let

M

Plač

all felt that a decline in trade was in- evitable, but few of us realised that Calcuta.

- March, March, Differ-

1920. 1921.

6. d. a. d. s. d.

+

every

board and the staff both at home and air mail service between Peking and

commencing from next month.

COAL DISPUTE

- NEGOTIATIONS PROCEEDING SATISFACTORILY,

Negotiations for settlement of the coal dispute are reported to be

SUPERSTITIONS.

OPALS.

BRITISH DIVORCE IN CHINA.

THE NEW ORDER IN COUNCIL.

There was posted on the notice

The superstition with regard to the appears to be of Northern origin board, at H. M. Supreme Court,

strikes. It is not quite fair or reason-failure of the south-west monsoon/trenched upon, in addition to which to reserve. He considered that the A Peking report states that the opal-that it is an unlucky gem--|| able to attribute the disaster to any and the winter rains in the North of our other liquid resources, in the shape abroad deserved very great credit for Shanghai, will come into operation In the East the opal has always been Shanghai on Saturday week. last one particular cause. Several causes India, by political troubles, and the of Government securities and bills, of that achievement and the very sincere

regarded as rather a lucky stone and a copy of the China (AmenÉ- have come into play. The unsettled very regrettable refusal of Indian exchange, including Treasury Bills, thanks of the shareholders. He would

like, however, to emphasise that the The outbreak of armed robberies in Egyptian, Greecian and Romanent No 2) Order in Comcil of 1920, which makes provision state of the world, financial disorder importers to recognise the validity of aggregated £24,212,363. 186.

A MUCH BETTER OUTLOOK. dividend had been eamed, not only is causing some alarm among Chinese history there is no evidence of say for jurisdiction by the Court in the în Central Europe resulting in the contracts with European shippers.

As regards the future course of by the capital of £3,000,000, but also residents in the Settlement, as the sinister significance attaching to the matter of divorce. The amendment absolute upset of foreign exchanges, At many points stocks of goods in the lavish expenditure in arms and East are not greatly excessive, and I Eastern trade, it is dangerous even in by the money which the shareholders robbers not only give their attention gem. But groping amid the dim is to Article 101, relating to ma amitions, and · various other shall be disappointed if the surplus normal times to attempt to forecast had provided for the creation of the to the shops of wealthy pawnbrokers, shadows of Norse mythology we find monial cases, and deletes the encep but also visit the homes of the poor, the probable genesis of the superstition fermerly existing whereby the avenues of unproductive expendi-stocks are not worked off within & the course of events, and to essay to reserve fund, which was 500,000 says the MC.D. News. The police, tien common among English-speaking Court had no power to deal with the

distance of time, do so now, under present abnormal more than the capital. He would like however, have the situation well in people to-day. In the Edde," that dissolution of marriages. tare, and, in this country especially, measurable the ill-advised action of Labour in but until this is effected ship world conditions would be more particularly to emphasise that point; hand, and during the week-end famous collections of Scandinavian. It should be pointed out that the limiting the output to a point which ments to the East should be dis- dangerous stil; but it may not be because in these Socialistic days it was caught a leader and his whole gang Fythology, it is stated that Volont, new jurisdictionaries only, to the rendered it impossible to compete couraged and limited to bare necessi-imprudent to state that, judging from not desirable that it should go forth in Yantzepoo, At the Mixed Court

cādes "of parties, who are domiciled. with other nations, where each in ties of trade. The present low level cables reaching us this week from our that they were earning 20 p.c. on the dock was crowded with these the Scandinavian valean, fashioned Colna, that is 20

formidable customers, 11 all, tolf, out of the eggs of children age subjects Dermanently resident in this dividual was allowed to work to the of the rupee is the inevitable result respective agencies and branches, the their capital alone. atmost limit of his capacity without of the temporary colapse of the Indian outlook in the East is much happier, Mr. W. E. Green seconded the vote, who were charged with committing called yackstein which was, apparent country, who have no intention of armed robberies. They were rely, the opal. And it was a common retuming to England. Divorce jurka- let or hindrance. Nor did we suffici export, market. On this side there and that indications from the several which was unanimously accorded.

The Chairman, in returning thanks, manded for a fortnight. When they belief in the middle ages that by diction at Home is sed on the same ently appreciate the fact that the are more stocks than we can at present spheres paint to a distinctly better vast Russian Empire had temporarily dispose of in the case of tes, jute, undertone, which we hope will it said that the last twelve months bad are brought up again, further charges looking into the pupil of the eye the principles disappeared from the world of civilisa- cotton, hides, rubber, and hemp, and course of time develop. The satis been a period of very great anxiety of murder will probably be preferred figure of a boy or a girl could be seen.

against two of the prisoners. tion; that France, Germany, and until these surpina stocks are worked factory results shown in the report are and therefore it was all the more to Italy could no longer participate as off and prices in India are adjusted to indeed gratifying, and we mist con- the credit of their managers and staff formerly in the trade of the word; prices on this side we can look for gratulate Mr. Preston and his collea that the company had been able to in other words, that the purchasing no great improvement in the export gues on the very successful result of show such excellent results. He fore, in being chairman of that ip- power of civilised nations in Europe trade from India, nor in the apprecis his and their indefatigable labour. would point cut, also, that the results stitution; and in having such a very had dwindled to comparative insigni- tion of the surpee. This process of Nor do we forget to appreciate the shown were amived at after making able, efficient, and zealous staff who white of the eye and a very "milky eye; and taken in corection with ficance.

ppreciation is likely to be slow unless efforts of the managers and the staff provision in every possible way for so ably looked after the interests of THE FALL IN COMMODITIES,

some unexpected factor is introduced. both at home and abroad. what might be called bad or doubtful the shareholders.

HWhitehead, who debts, or any possible loss that they I'm glad to see that the tea market Mr, T. has improved of late, but I can see no for many years filled the im- could see in the present or the near chance of a real su substantial important position of chief manager in future. He was very happy, there

So it is that treders in this country and in America are, overloaded with raw material or manufactured goods,

The proceedings then terininated The Money Market Review and Is vestor's Chronicle, April 16, 1921.

This early connection between the them blind, so that they may not eys and the opal persisted, down to see what is done before them, so that the time of Queen Elizabeta and it is said to be the patron of thieves. doubtless owed something to the This is clearly a variant of the evil physical resemblance between the eye superstition, the opal: being the opal. In Elizabeth's reign Dr. Bat the gruesome custome man writes, “This optalius (oral)'ed in the Edda sui keepeth and haveth the eye of him the inherited, intu that bear it and dimeth other men's which the eyes so that it in a manner makith

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