BURNETT'S
finest London
Dry Gin
Unique in character and flavour.
GIVES THAT DISTINCTIVE EXCELLENCE TO A COCKTAIL,
BURNETT'S Gin was a household word in London before most of the men who fought in the big war were born--AND STILL IS!
Sole Importers:-
THE CHINA MAIL.
decided to close their consulates? at UNION INSURANCE. Vladivostook as it was impossible
MEETING
A TIME OF TRIAL,
against 4.63 7/8 on the 31st Decem- ber 1922. There is no method that' can place us outside the position of being affected by Exchange but I think it is reasonable to conclude that we are reaching a more normal period in this respect.
Our Loss ratios must be "Con=|
FRIDAY, MAY 25
HARBOUR,SCHEME.
GOVERNMENT AND THE REPORT.
COLONIAL BRCRETARY INTERYJEWED.
LAND COMPANIES.
AMALGAMATION SCHEME."
FURTHER STEPS TAKEN,
to oblain, exequatur in time. ANNUAL SHAREHOLDERS Japan, however, proposed the exchange of Trado Commissioners in the plocs of Canaule. According to, a Tokyo message no reply bad been received from the Soviet up to
In connection with the Hongkong May 9. In view of the Bank of Good headway despite troublous sidered satisfactory if yourecollect Choren being established st times was reported to the shure the difficult times through which Harbour Improvements Report Further stops towards the pro- made by Mesars, Coode, Fitz posed amalgamation of the Hong- Vladivostock and for other reasone holders of the Union Insurance
I much regret that the unsettled maurice, Wilson and Mitchell on not spesified, the Mikado's Govern-Society of Canton Limited at the. ment has decided to keep the Con- fiftieth ordinary yearly meeting conditions in China still continue November 24, 1922, a China Mail kong Land Investment and Agency at. посп to-day. The seriously hampering trade, and reporter, called upon the Colonial Co., Ltd., and the Honglong Con- sulnie open, despite the nkase of held
tral Estate, Ltd. were taken at February 21, in the hopes that a Hon. Mr. E. V, D. Parr presided whilst the country is passing Secretory this morning.
Our representative asked Mr.extraordinary general meetings of satisfactory reply will eventually and there were also present the through a transition period of great-
we have passed. *
arrive from Moscow. The British Hon. Mr. P. H. Holyoak and trial, I feel that à bright future for Fletcher whether, us the report he the two Companies held this morn-
Consul closed his office at Vladivo Mussr, A.O. Lang, G. T. Edkins it is certain, as its great resources, advised, the staff of the Public stock on May 8 and sailed for Japan and D. O. Russell (Directors), P. enterprise, and the good sense of Works Deportment had beent in jug
At the meeting of the Hongkong cm May 18 on board the "Hozan Lauder (acting general manager) its people will surely overcome creased by the addition of one senior
and the following shareholders: the present difficulties. Steps man, accustomed to keeping reLand Investment and Agency Co [Maru."
buit, H. Glanville, J. W. Alabaster, position in our home field and we tions and the other different watters envoy, Mr. Joffe, is still in Japan E. A. Lees, R. I Wiltor, A. G. do not doubt that we shall receive which form the history of a harboursided and thers were also present: and in a press interview is quoted Stephen, G. G. Franklin, W. R. our fair share of new business as saying that he had nothing to Mansfield, V. R. V. Ribeiro, Chau when the trade of China in which and a junior man who would assist Sir Robert Ho Tang, Father Rubert
hima and be an understudy,"
nd Mr. A. B. Gubbay (Directors), communicate to the Japanese Yite-teng, Lo Cheung-shiu, B. M. C. we are all so interested revives. Mr. Fletcher replied that Mr. Mr. L. 8. Greenhill Secretary), people through the Japanese presa, da Cunha, V. L. dos Remedios, M.
Before conclude it will no except that he wished to convey his A. R. Souza, W. P. Gardner, Ho doubt interest you to learn that the Duncan was now at Home to con- and the following shareholders: deep sense of gratitude to then.
Leung, WEL. Shenton, Leung Society has in course of construc- sult the Colonial Office Engineers Messrs, J. M. Alves, J. T. Bagram, As to the nature of the Moscow Yan-po, A. A. M. da Silva, F. R. J. tion in London at the corner of and to engage these men, W. Burton, E. Sadick, W. H. L
With regard to the purchase of Shenton, Wilton, Lau Yik message received on May 6, the Adanis, J. M. Alves, J. Arnold, Ho Finch Line and Cor hill a seven- dispatch said that an agreement of Ki, A.S. Ellis, T. G. Weall, C. storeyed building. This is one of two self-recording tide ginges, it is 'Chenk. A. A Guterres, 1e Ping re- Soen, Ya In Sheng, Lau Hy Nam, la the City, in the stated, that Mr. Duncan has a certain kind existed between the Champkin, Chow Ngating, H. the best sites Vindivostock authorities and the Hancock, H.BL. Dowbiggin, Chau centre of insurance activity, and crived instructions to purchase and H. Perey Smith,
After the extraonlinary resolu- Japanese fisheries, but no decision Siu-ki, F. W. Stapleton, A. H. when completed it will give us a them, after taking expert advice as
itions previously carried approving had been reached on four points. Cobb, W. J: Carroll, J. R. Kinghorn commodious and permanent office to the best guages for use hore.
This Colonial Secretary informed the draft new menpranduni and Mr. Joffe could not tell the exart A. R. Lowe, G. Grimble, CA. Peel, in London of which we are in nature of the existing agreement, W. J.G. Whiley, Lo Man-his and great riced. This will enable the the China Mail representative that articles of ascistion hnd boên car- Society to house its various de- the whole report had been referred ried, the Chairumo inlisted that but the four points referred to were P. M. Hodgson.
partments under one roof instead to the British Chamber of Coin-the meeting would now he continued 1-The Vladivostock authorities) -
of having them separately accommerce and the Chinese General for the urges of considering and are desirous that the vise of a
modited in different buildings as Chamber of Commerce.
if thought fit, passing as extra- Japanese passport be obtained in a Latd Russian port: The Jap
In the meantime, the Soviet Messrs. D. H. Cameron, G. S. Arch have been taken to strengthen our cords of soundings, current observa Ltd., Mr. D. G. M. Bernard pre-
A. S. WATSON & CO., LTD.
WINE AND SPIRIT MERCHANTS,
Established 81 Years.
"Phone Contral 616.
-Powell"
Tel. Central 287
PICTURES.
FOR THE HOME AND OFFICE.
A Large and Choice Selection of Pictures, Framed and Unframed now on view.
WATER COLOURS.
GRAVURE PRINTS.
HELIOTYPE PRINTS.
FIGURE AND ANIMAL STUDIES.
LANDSCAPE MARINE AND SPORTING PRINTS.
IN BLACK AND WHITE AND HAND COLOURED.
PICTURE FRAMING ...
WE SPECIALISE IN PICTURE FRAMING Gill, Oak and Teakwood Moulding of the Best Quality only, used, polished to suit colour scheme of room.
fishers desire to be exempted fron the Russian fishing tax; 3.-The- Japanese fishers request to be exempted from customs duties on fishing goods and 4.-The Japan ese request that their fishermen are granted the privileges to engage in fishing without obtaining the viatj of their passports.
CHAIRMAN'S SPEECH.
The business of insurance, and particularly marine insurance, during the past 18 months has been conducted during times of great difficulty and changing conditions, The number of insurance con- panics which commenced business recent years with high hopes of success and which have since passed out of existence or have The point which Viscount Cioto ceased to transact marine business, submitted to Mr. Joffe in the name testifies to the difficulty of the of the Japanese Government, was tinies. These failures have been with regard to the position taken caused largely by indiscriminate by the Vladivostock authorities on rate cutting with a view to obtain the visé question, and he saiding a footing is the marine market, nothing on the other points. Russin and to the fact that the trade was fully living up to the agree conditions of the world have so ment which had been concluded, quickly altered, and it was regrettable that rumour had gone abroad, charging the Vladivostock authorities with going back on it.
It would thus appear at rela. tions between Moscow and the Powers are more strained than ever.
we are forced to do at present. Your In view of this, the two leading ordinary resolutions, the resolutions Directors are satisfied that this in- British shipping representatives. (Nos. 3 and 4) set out in the notice vestment is a satisfactory ore called upon and asked for their convoning the meeting. The re- views, refused to discuss the matter solution mumbered 3 concerned the from all points of view.
Gentlemen, our business is world-wide and our position to- until the report had been thrashed proposal to divide each of the exist
ing 50,000 fully paid up shares of out by the Chambers.
$100 each; constituting, the Com- pany's present capital of $5,000,000 into four fully paid up shares of $25
HON. MR. STEPHEN'S COMMENTS.
Seconding the adoption of the report and accounts the Hon. Mr. A. G. Stephen said :
In this connec-
The next resolution related to the proposal to increase the Company's capital from, its present figure of $5,000,000 to $10,000,000,
day reflects credit on the manage- ment and staff for never in the Society's history has the work re-i quired more skill and care than at holders. With our far-flung con- each so as to make such capital the present tire. Under all these mitments we are more than ever $6,000,000 consisting of 200,000 circumstances I feel confident, dependent on their vigilant activi-fully paid up shares of $25 each. Gentlemen, that you will heartily ties everywhere.
As they were aware, the Com- approve the usual Bonus of 15% tion I ain sure we all wish that our pany's shines were at the present which we have voted to the credit General Manager, who has done so tima quoted on the market at about of members of the staff holding much for the Company, will soon $860 each, and the effect of the provident fund agreements.
be restored to complete health.
resolution, if passed, would natural-- I now beg to propose the adop- I have much pleasure in eccond-ly be not only to reduce the nominal tion of the report and accounts, and ing the adoption of the report and value of the shares in question to high values when this has been seconded, I
accounts.-(Applause.)
$25 each, but also to reduce the On the motion of Mr. C. Champ-market value more or less corres falling to low values, and great shall be glad to answer to the best trade activity passing to great of my ability any questions you in seconded by Mr. W. E. pondingly, and thus, render the
Shenton, the Hon. Mr. P. Hshares more marketable. trade depression. The Society in may wish to ask. common with all Companies tran-
Holyoak and Mr. G. M. Dodwell sacting Marine and Fire business
were unanimously, re-elected Direc tors of the Company and on the has had to face a restricted market,
motion of Mr. R. Fiancock second: which has involved a certain de crease in its premium income, but
ed by Mr. H. B. L. Dowbiggin,
"As you know under the agree- I think you will agree that notwith- standing the many dificulties with
Messrs. Lowe, Bingham & Matment we have entered into with thews and Mr. C. Bernard Brown the Flongkong Central Estate Ltd.. which we have been faced, our
We have heard with interest the were re-elected auditors at a which was duly approved by the figures reflect the fact that we have
members of this Company, at the maintained our position in the Chairman's remarks and I am sure muneration of $2,000 each. insurance markets of the world. you will all agree with me that our
meeting held for that purpose" on Gentlemen, the report and thanks are due to the Directors, the
May 3 last, the Chairman proceed- accounts were issued on the 11th General Manager and staff for the
ed, every member of that Company May, which will have given you alle way in which they have wea
Directly after the-Union-Insur-in consideration of the assignment ample time to study our figures, thared the storms of the past two and I propose, therefore, to follow years. The war and post-war boot ance
meeting the fifty-fourth thereby agreed upon to this Com- the usual procedure, and take them was, responsible for many nuh annual meeting of the China Fire pany is to receive four shares of the as well as the Auditor's Report as room growths in all branch Insurance Co., Ltd., was held. The nominal value of $25 of the capital read.
trade and finance, and it was. Hon. Mr. E. V. D. Parr presided of this Company in respect of each were present the share. of $100 held by such member The Working Account for the natural that
insurance should and there
Hon. Mr. P. H. Holyoak and in the capital of the Hongkong year 1921, after allowing for a attract its share of new enthusiasts. Messrs. A: O. Lang and D. O. Central Estate Limited. All our bonus to contributors and an in- It was also the natural order that Russell (Directors), Paul Lau- capital has been issued and it is terim dividend of 245.- per share, when the boom had run its course, der (acting general manager) therefore necessary to increase the shows that the balance available tosses came which the new concerns and the following shareholders: capital of this Company. The bal for distribution is £400,593.1.1 could not face and they therefore Messrs. G.. S. Archbutt, G. Gance of the fresh capital Le and your Directors recommend had in many cases to go to the wall, Franklin, W. R. Mansfield, da $4,000,000 will be issued by the QUINCEY.-On May 21, 1923, at if it received instead ferry facilities due on the following day from "a that this balance be allocated 25 but they were very troublesome, Cunha, E. A. Lees, J. W. Alabaster, Director as and when they consider competitors while they were in. L dos Remedios, V. R. V.same to be necessary in the interests existence.
Ribeiro, M. A. R. Souza, A. A of the Company. Your Directora The Union originated in local Alves, W. F. Gardner and P. M. consider it advisable to have a re-t enterprise and we feel instly proud Hodgson.
serve of unissued capital for any
An inspection, of our stock is carnestly invited.
BIRTH.
ROXBURGH. On May 20, 1923 at Shanghai, to Mr. and Mrs. John Roxburgh, a son..
Shanghai,
DEATHS.
Elias
LOGAL AND GENERAL.
The official rate of the dollar for payments in sterling by the China Command during the month
favoured neither bridge nor tunnel when-the-Colonial-Seorotary-state of June is 2/4. last month that the Government
The total output of the Kailan was going ahead with a scheme for Mining Administration's mines for much bigger ferries and that, since the week ending May 12, 1923, amounted to 96,218 tons and the a bridge would be free for all, these sales during the period to 90,453 ferries would possibly become free tons.
-RIVERO-On-May 20, 1923, at later. Observing that many people H.M.S."Hawkins," with Ad- Thomas would doubtlese deplore this deck miral Sir A. C. Leveson, K.C.B., on Rivero, in his 60th year, late sion, we yet claimed that the Colony board, arrived in Shanghai on the H.B.M. Consulate Shipping would have little cause for complaint 20th, and H.M.S. Hollyhock was
Office.
cruise.
follows
Shanghai, Catherine, beloved comparing with the best Home wife of William Quincey, aged | sorvices, which handle thousands
Hongkong at present is A Final Dividend of 16s./- per share on Hourly, cheaply and efficiently. Our Wong Tong, who is one of Sun
111,000 shures ... Yat-sen's right hand men. He has
68.
HORORONG, Friday, May 25, 1923.
TRANSPORT PROBLEMS,
Underwriting Suspense Account
£88,800
CHINA FIRE MEETING.
After the proposals had been tions, the Chairman announced passed as extraordinary resolu- that a further extraordinary general meeting for the purpose inter alia of confirming, if thought fit, as solutions which had, just been Special Resolutions the two Re- passed as Extraordinary Resolu- tions respecting the division of shares, and increase of Capital would be advertised to be held on Thursday, June 14, at 11.30 am.
of it when we see the splendid posi The Chairman said: Gentlemen: guess that the Government in took-previously occupied several posi To carry forward to ing this decision must have given tions of importance and is now
tion it is in sa evidenced by the -The report has been in your purposes that the interests of the. The China Mail. due regard to the Fitzmaurice har- chief accountant at headquarters.
for the year 1921. £311,793.1.11 excellent balance sheet now before hands for some time and subject to Company may call for,
118. Good reserves well invested your approval I will follow the bour scheme has now been horne Recently, he was detained by the uncle of Lau Tsun-wan, the pro-
The balance of the Working out by the report itself.
After Sun Kwangsi general, but he was Account for the year 1922 stands at make it a solid institution capable usual procedure and take it, as well
in its world-wide business.
The working account for 1921 studying the problem, particularly quickly released as it was found £620,586. 3. 1, and out of this of meeting all possible. contingencies as the Auditor's Report, as read.
balance your Directors recommend I may say that I have been privi- shows a balance of $919,894.94 to from the vehicular traffic stand-that the procedure was irregular.
the payment of an interim divid- point, the experts found that the
At the Sik Sik gardens, Kow-end of 245- a share absorbing leged to see a list of the securities be dealt with. Your Directors re- only feasible method which would loon City, a dedication to the dead £133,200 and a bonus of 20% to constituting these reserves, and I commend that this balance be Fransport facilities play a very not entail beavy costs was the ferry ceremony is now going 'on and Contributors of business on bonus can assure you that they are such appropriated as follows:
as would satisfy the most fastidious Dividend of $7.00 and bonus of $3,00 per vital part in the development of boat-able, like those which other the Man Yun Yuen meaning, literal-
will last till June 1. It is known as terms.
share on During the years preceding the in such mattors.
20,000 As the Chairman has pointed out; overy large contre. Adegiate they big ports boast, to carry very large, the ten thousand spirits cere- trade depression already referred
shares
$200,000.00 mean healthy, open streets, with mmbers of both horse and mony. The chantings and per- to your Directors were anxious that comparisons between the balance To transfer to Build-
ing Reserve Fund 100,000.00 dwolling homes pleasantly distant
| mechanical vehicles. The Woolwich formances gone through by monks you should participate in the full sheet of one year with that of an from the city's bub; inadequate they
and nuns usually associated within the profits that were being made other are difficult owing to the fac. To carry forward to
bonus tor of the exchanges. There is no
Underwriting mean cramped, swarming buiklingsservices which the experts cited ceremonies of this kind are all in and they inaugurated a
dividend.
method of avoiding that factor, but
Suspense Account 619,894.94. -forements huddled together and takes the place of a road, and evidence.
My predecessors in the Chair for we are all much comforted by the
$ 919,894.94 Mr. D. G. M. Bernard also pre "lung" spaces. very rare, if not this example
the past three years have struck a Chairman's assurance that it is Dishonesty in that he stole two otc of warning forecasting that this fasonably likely we are reaching
sided at the meeting of the share altogether absent. Hongkong has has seemingly decided to emulate letters and $10 from another letter bonus dividend might be discon- à more nortual period in respect of Turning to the balance sheet holders of the Hongkong Central not shared the tale of the more for the Hon. Mr. Fletcher was alleged against a Chinese post- tinued if trade did not quickly exchange...
you will notice that sterling ex-Estate Ltd. There were also pre- Inclloss examples which about recently stated that the ferries man before Mr. R. "E. Lindsell at improve and utter much considera- It was to be expected that the change this year is 2/234 as against sent: Father Robert (Director), the Magistracy this morning. Mr.tion we have decided that not-figures of the balance sheet should 2/7 last which has the effect of in- Mr. L. S. Greenhill (Secretary) and elsewhere, but it has not, again, the Government intended PS. B. C. Ross, Postmaster-General, withstanding the satisfactory show some reduction on those of creasing the dollar equivalent of the following shareholders: Messrs had that good start which pioneer chasing would each accommodate prosecuted and Mr. R. E. A. Webs-agures before you the most prudent the previous year. The reports of the Company's sterling securities. A. B. Stewart, J. T. Bagram, H. M. foresight should have ensured. Con-between six and eight motor ter legally represented defendant course is to discontinue the pay insurance companies, especially The Balance at credit of the 1922 H. Nemazee, E. Sadick, Li Tse- gested areas and high land values cars. That the Government should Detective Sub-Inspector Pincottment of a bonus dividend this year. Marine, are bound to reflect faith Working Account is $1,328,926.07 fong, Li Koon-chun, A. S. Gubbay, who had charge of the case, asked The usual dividend of the Society fully the conditions of business so Notwithstanding the satisfactory D. V. Steavenson, Laú Hi-nam and alike prove this only too well. have thus quickly accepted the for a formal remand and this was remains unaltered and your Direct the fall in prices of commodities and figures before you your Directors 5. S. Perry, Hitherto the Colony, as we have report's advice is distinctly granted till May 30.
our
Government
.
SOCIAL AND PERSONAL
O15
CENTRAL ESTATE
MEETING.
When the extraordinary resolu- feel that under ordinary the world-wide depreciation in tradu have decided, in view of the un said before, has only received the encouraging, because transport
circumstances the payment now facilities each year's needs have
being made can be well maintained during the last two years are bound certainty of the times through tions previously carried in connec in future years, and increased as to be so reflected in our balance which we are passing, not to make. tion with the winding up of the any increase in the dividend dis Company and the amalgamation mado essential and sometimes barely facilitica, especially across the har
tribution and I have no doubt this scheme had been confirmed the Trade conditions of the world sheet that. However, times have now bour, are, as we have said above, a
adjust themselves...
No doubt some of you regret the polity will commend itself to you. the Chairman made the following.
I now move that the Directora announcement changed. Not only are existing very vital factor in the Colony's prò.
With reference to the figures in absence of a bonus, but, gentlemen,
Mr. Horace Percy Smith, the services being improved-Fenk team grese, and the public, not less than There was a very large attendance the report I would explain that the we were amply warned that it was report and statement of accounts as camgestion has been somewhat re- the experts, will agree that the of the staff of the Chartered Bank,
Kuala Lumpur, Klang and Sereme Society's livestments are taken at of a temporary nature dependent presented be adopted, and after liquidator will be Communicating loved and additional rush hour" present trafie more than "Warra ban at the Masonic Lodge to bid the market value as at the Decem on an improvement in tradey so I this has been seconded, I shall be in the usual way with the share regard to the payment of $60 per ferries hava bean provided-but the provision by the Government of farewell to their much esteemed Per 31 last, and where any doubt think you will agree with me that pleased to answer any questions holders of this Company with now facilities aro also being con- a good vehicular and possenger erry and respected chief, Mr. J. Argyll has existed as to the intrinsic the Directors esod a wise discretion that may be put. sidered and in some instances service; it mates ons impersive. Robertson, who was presented with value of any of our investments, in adopting the prudent course of Mr. G.S. Archbutt seconded and stare in respect of each share held a large silver cigar case, suitably they have been written down to discontinuing it this year. It is a the Chairman's resolution was by the members of this Company conservative figure. Interest pleasure, however to feel that the carried unanimously, With regard to the allotment actually provided. And here it is
received shows a decrease but the handsome ordinary dividend of the On the motion of Mr. J. W of shares of the Hongkong Land Alabaster, seconded by Mr. A.A. Investment and Agency Co., Ltd, that the harbour scheme report has
question of exchange affects us Society, cah be maintained, pocial interest. Many people have
The Chinese Government has here, and as regards our balanceWith's return to sound and nor Alves, the Hons Mr. V. D. Parr, to members of this Company, the long flirted with the idea of a tunnel On: February 21, the different conferred the Order of the Ta sheet totale I would remind you mal trade which we all look forward and Mr G. M. Dodwell were liquidator will be despatching the or a bridge to link the island with Consulates in Kusum were told that shou upon Mr. O M Green, that the Silver Dollar was worth to, we may even gee a steady in re-elected Directors and on the necessary application forms for kong Land Investmentand Agenex The unnland. Both pluni 168 anlate the obtained axequatur editor of the N. C. Daily News, and 2/7 on the 31st December 1921, as crease in the distribution but safety notion of Mr. da Cunha seconded member to send in to the Hong-
from the Soviet Government by the Orden of the Wenia upon against day on the jist December first should be our mootio. Tam by MeVnk Ribeiro: Mes
Ltd. with regard to the allot obvious drawbacks, but Popular May 20 they would be ordered to Mr. R. W.-Davis, general manager 1922 also that the cross rate for sure: the bonus of 15 per cent to Lowe, Bingham and Mättbe
them of shares in that dies hard. Little doubt was close. In consequence, England, and Mr. R. Wood, assistant Editor American Gold Dollars was 4:2134 the Provident Funds of the Staff Bernard Brown
auditors on the 31st December 1921, as his the hearty approval of the sdiare- faft, however, that our ruler Froude and the United States of the same paper, 1
Fancy
Consulates In Ri
Inscribed.
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