CHINA TRADERS INSURANCE CO. LD.
The Report for presentation to the share holders at the forty-first ordinary meeting to be held at the Company's Offices st.12.30 pm. ou Saturday, April 13th, ronda -
The Board has now to lay before the share holders a balanon sbest entsizing a summary of the property und liabilities of the Company en the $1st December 1996 and a statement of accute to the same date.
k
AUDITOR.
The accounts have hoon nolitel by Mr. A. R. Lowa, who offers himself for re-election.
"JARDINE, Marston & Co.,
Genard Agents.
Hongkong, Bad March, 1907.
BALANCE SHEET, 31st December, 1908.
LIABILITIES.
Capital, 700 shares of $1 auch
THE HONGKONG DAILY PRESS, THURSDAY, MARCH 21ær, 1907.
C.
700,000.00
Jardina, Matheman & Co.'s current ucourt 196,112.39 | Accounts payable...mangam, 12 men aan
2,209.19
ARLETA
Property count, as per last accoon.... Hongkong and Shanghai Banking Corpora Cash in band.
law and refined magar, Ac.. Coal, charcoal, tores, &e... --------- Firo insurance, unexpired premis
à ccounts réguívablo...
1905 Account. May to December. Thɔ amount paid as compensation le members of the Staff who retired in consequenon of the arrange ments made with the Union Insurance Society of Cantor, Limited, was $161,685.97, Against this the Board has transferred the sum of $150,000 from Reserve Fund leaving $11,685.97 Proft and Jons account........... to be paid out of Working Account. After payment also of the interim dividend of $3 per share and the bonus of 15 per cent to contri- butors passed at the last annual mosting, there remains a balance of $1,342.88 ae por annexed statement. This sura the Board recommende Abould be osrried to Underwriting Saipense Account to close the account for the eight months ending 31st December 1905.
1906 Account.-The balance of Working Account on the 31st December 1900 wa $933,41289 an per annexed statement, The Board recommenda that na interim dividend of $3 per share be paid to shareholders out of interest, absorbing 872,00 and that a bonus of 20 per copt be paid to contributors, absorbing about $125,000 and that the remainder be carried forward,
DIRECTORAK,
Since the test General Meeting Mr. 1. W. Blade has resigned his seat on leaving the Colony, and Mr. A. G. Wood has joined the Board. Mr. Wood's appointment will be sub. mitted for the confirmation of shareholdere. Messrs. B, Orraiaton and C. R. Leuzmaun rotire by rotation and offer themselves for re-election
AUDITORS.
The annexed accounts have been audited by Messrs. H. 15. Jeffries and A. R. Lowe who offer (hemoires for re-elation.
A. G. Woon,
Chairman. Hongkong, 19th March, 1907..
BALANCE SHEET.
On the 31st December, 1906.
Dr.
To Capital 2,600 shares of 883.53 ench
$2,000, at which $25 per share vallatú paid up......
"To Reserve fund
To Unclaimed out and dividend
To Exclangs flatuation account.............
To Investmest finctual iron acerverat.........
To Working seconut 1905, Intesave...........
To Working account 1901, balanou ................ .... To Reinsurance fom £28,717, 18, 16 Te Underwriting susponses
nicent
༣
1,347.77 123.00
7.9,298.53 138,523.01
$899,321.63
PROFIT AND LOSS ACCOUNT. For the year ended 31st December. 1906,
To balance from last year To interest
To loss in exolange To unditor's fee
By gain or working By balance
JAPAN.
(FROM OUR CORRESPONDENT).
Tokyo, March 8th.
THE BTOCK MARKET.
AN UNEROWN EXHIBITION.
A recent visitor from Hoogkong expressed surprise at the palatial buildings which are now bearing completion in Uyeno Park, the principal publia resort in this city, and which will shortly be opened as the Usens Exhibition. The probably found himself alone in knowing dropped across 11 anidentally, as it were, in visit to the park. Yet it is an ambitions enter- bigh exhibitions will prise, in which may foreign ext
It has derar been paripate, but it is almost abeclately unknow
the Feneral public.
it
will he advertised as should be; it
never advertised, Bat it will be well patronjand this side-show loving people. Twenty thousand persone, from the Princes of the Blood downwards, have been invited to the opening reremory. Whut attracted the notio of the Hongkong visitor was a long and imposing, massive bridge that has been built over lake bounding the
yes teica, Babilition buildings which look as if they were intended to last a consider able time and not afer mouths only. This, as matter of fact, is the promoters' intention when the Exhibition is closed the bucklings wil to usid for a permanent baraar, which it is hoped will besome sort of Mecca for touriste, at which they will be able to purchasa every- thing produced by the country.
During the past week what many observers Hongkongthing about the Exhibition, and i
8
and the
bave anticipated has in a small degree isken piac, namely, a slump in the stock market and the ponsoqnent heavy fall not only of recognised $538,32.52 stocks such as the N.Y.K., but the drash, never to rise again in many cases, of about two score 429,042.43 l.promoted companies. Among these latter 14.240.14 may be mentioned the Oriental Brawery Co. 937.19 ficated with the nid of liberal advertising at 90.DCH.65 32,675. capital of ten million gou, but which, however, may be regarded as a cansern with good pro- spents. The right to this now company's stock stool recently at ten yen por share of fifty you, and as the market thez looked hopeful, speculs- tors with little to lose obtained the right to blocks of those shares in the hope of selling ont at a profit, Unfortunately, at about this time the failure was anounced of the Nagoys Bank with beavy losses, as reported, due to 'spsou la. tion. This event had an immediato effect apot the mall investors, many of whom, simple country people, was reported to have been
We bare not spot for the columns of evidence fording the Tokyo sharks in the hope of
still published in connection with the New York quickly doubling their sm capital. The flow murder, but the following fragmont gires some of capital therefore from this source aulder-ides of the ordeal through which the chil ly stopped. Whils the Nagoya incident witness is passing. Mrs. Thaw denied that she would only frighten this type of investor and ever posed undraped, and was somewhat evasive se to money payments rande by the murdered the purely speculating element and would not
mani. Then the following extraordinary affect established concerne, it still seemed to dialogue ensued mark a turning point for the stock market, which up to that date had been weak since the turn of the year. To what extent first-clasa stocks have declined in the past few weeks may be seen from the following onmparison:--
132,588, 10 12.149.73 11,180.64 50.00
$155,977.47 17,454.46 138,523.01
$355,€77.47
CHINA SUGAR REFINING CO., LD.
The report for presentation to the abare- Honkai general haldera at the twenty-nin meeting, to be held at the offlem of the Gaverzl Agents, at 11.30 p.m., on Wednesday, March
E 47th, reads -
The General Agents bog to submit to share. holders their Report on the Company's business for the year 1906, with a Statement of Account to 31st December last.
For the greater part of the year supplies of sugar were poured on to the variona markets from Java and Japan fargely in excess of requiremente, competition was keen, and prices gradually declined. Work at the Rongrie« bid to be reduond, and during the last sir months the culpat reached a very low point.
Inclusive of $4,419,68 brought forward from the year 1905 Che sum at ored of Proft end Loss Acount ie $169,218.47 which the General Agents God Consulting Committee recommend | shinald be appropriatad na follows, TÍT. :—
To pay a Dividend of $5 per She...$10.00 9,218.47 Carry forward to next nie,
$169,21847
+
Bank of Japan... Specie Bank
Quotation Quotation Paid up Mar. 6. Jan. 21.
830
950 381 165
100
330
Bank of Formosa... Hokkaido Celliary Keihin Eleo. Ry.. N. Y. K
50" 145
50 124
162
50
206 108
50
112 138
M 54
KanegafuchiSpineing Co,40
126
FX 270
1. K. K.
CONDITIONS OF THE MARKET.
MBS. THAW CROSS-EXAMINED..
Did you believa Stanford White when be told you all women were bad and some were simply
elover at oncesling it ?"
Yes.
"You believed all women uuebaste !" "YER."
"And you were jast 18 years old?"
I don't know that I was 16 oxactly I was When did you begin to doubt that proposi- tion about all women being ancbaste? When I went abroad in 1903,"
You bollaved that all women were bad!" "You."
When Thaw proposed to you and you reject. ed him, did you believe you were better than others because you had been ravished against
your will?
"No.'
"You had boon ravishod against your will, hadn't you?"
did
not have any will about it at all," How old were you when you went to the witness replied in an injured tons.. Europe
Eighteen."
PHOTO ALBUMS!
PHOTO ALBUMS!!
2
PHOTO ALBUMS!!!
LONG. HING
& CO..
No. 17, QUEEN'S ROAD,
(45.
THE
CHAMPAGNE
OF THE TWENTIETH CENTURY
MOET AND CHANDON
"DRY IMPERIAL.
PER CASE 12 BOTTLEN
241 Do.
Do
SOLE AGENTS
TELEPHONE No. 135. 38]
H. PRICE & CO..
REVIEWS:
£57,00
6:100
WINE AND SPIRIT MERCHANTS,
12, QUEEN'S ROAD CENTRAL
Eurosiu, a Tale of Buanghai Life, by W. A,
RIVERS. Kelly and Walsh Ld. $1.24.
The author, whose "Anglo-Chinese Sketches" utablished his claims asacom potentoberver and trapecriber of treaty port life, bas hers essayed the life history of a half-enato girl, the offspring of a Chinese mother and English father. The history follows her only up to her marriage, and it ja to be hoped that a sequel will follow, lo ebow us the natural development of such a beginning. The story of Eurasis is not a dry psychological study, by the way; it is full af humour and thrilling incident. The people are all very real, to bo met any day of the week, and bal for that blessed dispensation which saves wa from seeing ourselves as others soe us, might make some of us quirm a little, Mr. Rivers introduces us to the beachcomber, tha snob, tha married dirt, the amah, the Chinose dotrcticó, the Chinese, criminal, and a swarm of other people, and when the party is over, so to speak,
Judging from the above figures it might readily be concluded that the market is now in healthier state then it was two months agol The genuine investing public has a chance of buying goed stock at fair and not shaorma, quotations. N. Y. K. shares at the present prica of 12, for example, give the investor a returu of about 6 per cent for his money and theposition This consists of Bir Paul Chater, of the N.V.K.. justifies such an injustament, 85,301.12 Messrs. A. G. Wood, A. J. Reymond and F. The situation is pot panicky, excepting for and that some bed simply been unforinusta wish there was more of it. Well written
300,000,00
REGLUMCI
12,944.6K
CONSOLTING COMMITTEE:
69,319.76 41,342. Maitland, who offer themselves for re-election. 033,$12.80 253,610.11
AUDITORS:
The Ancoonts have been audited by Mears, ***17,091, 3, 7 156,170.44W, H. Polts and H, Percy Saith, who offer
themselves for re-election.
To Sundry creditor.
Up
By Cash cas current seround at Hongkong By (and a deposit with us in
*37,434.50 |
$2,989,521 -6!
$ 1,13.7
Hongkong, Shanghai and Yokohama. 484,715.6
By Amoant invested in Mortgages, Debun turas and other Securities ir Bong
-Kong, Shanghai nnd Yokuların ......1,124,003.70
By Amount invested in Lordon, vis
Depositud in Hanks... £56,300.6, 4. Baseball property 23.77.17, 7 TravancoreTruEstators. 1,000, 0, 4
21.70.17, 7 717,505.14
By Amit Invested in Amlin, viz
Depositad in Ianks ... 24,500, 0, 0) Other investments..... 9,275. 4. D
£7.735. 0.9 By Amount at dobit of brancher and
#gebois
By Sundry doktors
By Bill receivable
6,634.48
287,611.86
JABDINE, Matheson & Co..
General Agents.
Hongkong, 4th March, 1907,
those perishable concerne which are the work of unprincipled promoters who cry look- ing for immediate gaio. But, unfortunately, it we are to believe the Japaness papers, it in these which attract the savings of the country people, and their failure will mean ruin to many a real home. The head of the family, too impatient to wait for the modest return he will get from the soil, goes up to Ca 2,000,000.00 Tokyo and trustfully becomes a shareholder. 450.000.00 The chances are that he also becomes's victim
We are assured that there are hundreds of 345,741,50 1,349.700.73 sporulating promoters now engaged in taking the
169,218 47
morey from the country investor sad how this
BALANCE SHEET, Ona Yone to at Lecurate, PG.
CAPPIM AND LIABILITEX *
| [Mid-ap capital
Equalization of diviðaul fund Repairs and renewals account. Raw sugar reserve aevount Sadry creditors
Balance of profit awi Jow accoun:
AFERTA.
Property account esisting of ---
Past Peint Kefnery... Bowrington Refuery
Swntow Refinery -............
Hongkong Distillery
98,119.88 Cosh
156,327.31 Row and refined sugar, ke.
WORKING ACCOUNT, MAY TO DECEMBER
1 SMP. On 31st December, 1908,
To Ralates brought forward To Excuse
By Beurence, rela:te preinian and com
mission
By Charger, anerzy lees, Ag.
By Directors and auditore Fame 'no Monti
Office and branches
By Cost
By Conuention to staff
Les transferred from re
Arte fund
52,989,520.46 Charcoal, cunt, stcem: de.
Sundry debtors
Shipment wonde
$17-1,196,04
Lens adrancor
$ 598,201.17
137.04
50,848,61
$
e-
$4,871,599.37 countryman who dies largely upon the great names set forth in the published prospectuses, will regard the honour or honesty of Baron this -1.591.209.09 or that, when he realises that he has lost bis The present money. can oneily be imagined. 2.2.13 2,124,2 32
boon has shown that the Japanese know tho 7.197.41 valve of having a few titled personages on the 200.006.92
47,867.57 promoters' list, and undoubtedly the e mes form strong attraction. A few of the more 153,017.06 prominent and tiled finansiere have been advertised as among the promoters of so many $4,371,509,37
new companies that the matter has attracted public notice. Bura Shibusann is one of those In tho who have come in for strong criticiem.
PROPERTY ACCOINT. $598,131 31 To balance on 31st December. 19061,331,209.00 By bule on 31st December, 1:01,231,300.08 PROFIT AND LOSS ACOUNT.
$
60.963,17 11,669.11 To commissing...
To remuneration of consulting milte 107 To unliters' fees
To interest.
• 324,769. „KIGI,695.97
150,000,00
By: la torian dividend of $per i lange
·By Honus of 15 per cent to mustrila terk By Balance
WORKING ACCOUNT, 1908,"
On Bat Decenlur. Likas,
To Net prominın freix lạt dentutry to 31st
December, 190
To Interest...
To Transfer finance
To not balance..
(2.
10,874.20 2,500.00
750.00
Baron justified in allowing his name to be used as a promoter or advisor of so many companies 24.673.75 that it is almost imporrible he can give his personal attention to these companies, yet known 38.706.85 that his nume carries with it a certain guarun
toe and will attract subscriptions? This is the question and it raise a point in commercial morals
149,218,47
$208,015,12
11,686.97
427,889,41
72 KB balanes brought framand from last year 40.419 68
7.190.52 y gait on working 41,342.35
$608,491,81
...1.710,825.36
16.890.0
107,565.74
$208,015:42
THE SHANGHAI AND HONGKEW WHARF CO., LD.
So you say that until you were 18 years old you believed all women with whom you were socisted-that all women were nachaste, onough
to be found out ?"
"Have you over read any fiction?
Yen. "What?"
Do you want me to remember all that I have ever read ?"
just some of the books. Have you over read anything by Dickens "
Yea
1
EDott"
"No."
"Slightly."
"Did you ever attend church "
Slightly."
"What denomination ?"
"I don't remember-I went ones to Metho. dist church. I think, and to a Presbyterian church, and once to a German church of some
through nt, the story here and there reveale Ashes of inspiration, and we have no basitation in ranking-Ibis as cue of Messrs. Kelly and Walsh's most worthy publications in the fotional line.
The Battle of Tsu-Shima by Captain VLADIMIR
BEMESOFF, London; Jehn Murray. This is not the last word on the naval triumph
"Were you ever instracted in the Scrip- of the Japanese, but it is one of the most important. It is not concerned with explaining ture-the Bible*"*
the victory of the Japanese or giving reasons for the annihilation of the Russians. It simply telle in plain but graphic language the experiences of an officer ou board the ill-fated Cesarevitch, and if anything were needed b impress the reading public with the horrors of war it is surely this plain unvarnished tale of the hell through which the writer passed. The work has been ably translated by Captain A. B. Lindsay, of the 2rd King Edward's Own - Did you couvilor yourself better than other Gurkha Rifles, and an 'interesting proface werden?
"Ne, sir." "Or werks ?" "No, sir."
Kort.
In rejecting Thaw in Paria, had you any. thing in mind other then your own unworthi
DEAR
"No."
THE SHANGHAI MAGISTRATE RECEIVES CENSURE.
His Bonour, Jai Cheng Tast at of Shanghai, has addressed a letter of censors to M. Warg. Nies-tan, the Shanghai magistrato, with re
vender of ference to his datorit use in dealing with a of desperadoes who had been handed over to him within the past three months by the Mized Court. In his communication the Taolai the Britial Consul-General
Defers to a diapateh required from regard to the shooting of the late. Constable Morror on the
INTERESTING COMMERCIAL JUDIMENT. with rifles, in which the British
A judgment of some interest abroad and great importance to foreign companies in Japan has just been delivered by the Koba Chiko Saibansho, the immediate effect of which is to Investor writes to the North-China Daily compel lined companies to put by a certain 5600 Netes-Now that we are on the eve of another percentage-one-twentieth-of their profits to annual general meeting in this company, world | Ults reserve. The Birano Mineral Water Co. 31,857,872:40 it not be apropos that a resolation be alerted Ltd. was charged with an infringement of the
44,000 45
to subdivide tho sbaren which are daily becoming 193,299, zoore out of the wach of the small investor by Japanese Commercial Code in not putting by the By Remuneration to directors, committeos 12.18217 the jar ind enhancement in their market Lessary reserves according to Japanese law, found guilty, the 602,636.89ride This is the pre any here and and the company se
position is unique and, therefore, most of director being fiued a nominal swm, The 1841851N
the small investori ara 923.412.69
to bare a stall eager! holding in it, at on account of the obvious pelat to which alleation is directed is the that most foreign companies are $1,857,572.40 dificulties of securing serip in small lots, they fant
By Agondy ronimissions, a p
By Heal office, branches and agency
ctuurgon
arul auditoru
By Lacs and claims paid.
By Furniture written off. By Balanceta
k
10
wan
tol
to
thes
ala
in
Armed
of
comes from the pen of Sir George Sydenham Clarke, G.C.M.G. The book describes a debacle with Zolamque conviction and the reador lays it down as one awaking from a vivid nightmare. Ita published price is -3!G.
The Tyranny of Faith, by CARE JOUBERT.
London: George Bull and Sons.
The directors regret they do not show a more
AWFUL ECZEMA
FOR THREE YEARS
Had to Be Washed and Dressed and Even Fad Like a Baby-Suffered Untold Agony Afraid to Be Left Alone - Had Despaired of Getting Better-In Awful State. CURED IN ONE MONTH
BY CUTICURA REMEDIES
"I think it nothing but right that I should let you know what Cuticura has done for me. I had eczema for three yeam and I was under doctor's treatment the whole of the time, also the Infirmary, and I could not get cured. It would get better for a day or two bat would break out again worse than ever. At times it was so bad I had to be washed and dressed and even fed like a baby. It was only my hands and arms that were affected, but I suffered untold agony, and I got so low I was afraid to be left alone, and I had quite despaired of getting better, but it last tries! Cuticura. used three boxes of Cutitura Ointment, and three lottles of Cuticura Pills, and in a month I was cured. It was twelve months ago and I have seen no signs of it returning. I always keep a bottle of Cuticura Pills in the house. They do me more good than anything else, and I -never use any other than Catieura-Seap
I think that no matter how bad any one was, if they gave the Cuticum Remedies a fair trial, they would cure them, for I was in an awful state. Mrs. Copley, 9 Gawen St., off Jack Lane, Holbeck, Lewis, England, Jan. 23, 1906.".
CUTICURA PILLS (Chocolate Coated, in vial,60 Pil!s)
Are alterative, antiseptic, tonic, diges tive and aperient, and beyond question the purest, sweetest, most auccessful and economical of blood and skin purifiers, humour eures, and tonie digestives, en tirely superveling old-fashioned nanse ous, and expensive liquid medicincs. Especially valuable for women,
Caplete Extrack, and disteresi Steatroad, the very
, Chlalien, and Adastreaming vf ful cura Mundin
Cortet, til then, and Cuticura
TEM sites the ketti, Currya in Jo
E parify the alped. AS
Said this post the world, Deper Austerlin, Fl. 3owne duey, London, Newbery, Beerhous sq.. Paria Com,
& Rue de Fux. Potur Druz & Creta L'aspe Malied Fire" About the Nåîn...".
54-1
WBS
This novel is certainly topical. It illustrates the methods of Jow-boiting (the pogrom) as practised in the Russian Empire, and as such affords very interesting rowding. The charao-reconstruction had been finished it was found tere are admirably drawn but the denouement is that the food, which are responsible for the now raging in ur neighbouring hardly what one would expect. It is rather fam ne difficult to imagine the uno of a Russian official provinces, had played sock baree with the wheat 11th instant by a gang of Consul Generai becoming s.courert to Judaism, and finally ahea
crop that
the pries of
#boat Availablo declares that had the desperados previously sont distinguished rabbi who returns to his lost love, the preinitive figure and that moreover
mality City for summary decapitation been pro
s Jewess, and, finds her still waiting. This, unfit for milling purposes. It will easily be understood that working under утаста aptly desit with by the Shanghai Magistrate, as
adverse Sirunasiance,
the directors and the suggested by the Consul, auch daring however, in only a matter of opinion, and by ba procedurea es
of the Inte Constable theshooting of
a perasal of The Tyranny of Faith" ore the staff of the mill late beds most would most probably not have occurred at all. becomes will acquainted with the methods of anxioms time during the year under review. The fault, therefore, lay with the official
the new stent power plant the directors are Concrued. The Tastel, therefore, states that Russiication pursued by the Muscovite empire As regards the reconstruction of the mill and
the British | builders.. he has been requested by
pleased to report that their exprontions have Consul General to
the ma instract
been fully justified. The quality of the four magistrates
shows & marked improvement and this is readily Shanghai and Proshan (Wecsung) to make
FLOUR MILLING FAILS TO PAY regnied by our buyers. We may safely say strict search for the murderers of Constable Morrow, so that they may be
AT SHANGHAI.
that our first grade of tour is now as good as the extreme point of the low.
any imported flour and better than the bost Opel-General o requests that the des
grades of
of foar turned out by local mills. At the twelfth general meeting of share the steam power plant is on the most modern lines peradoes precirmaly sent to the magistrate by the Mixed Court bo tried and punished without bolders in the China Flour Mill 30, Lal. on and has proved such a sness that in spite of the foread to put their savingsinto something established under the Hongkong Ordinance and delay, and that in this connexion & telegram has March 15th, Mr. A McLoud (Chairman) said addition of milling machinery, we are now able to
also bean seat to bis Brcallanty
Viceroy the obe. The
The company's holdings are very minch
able swing in
in fuel. The directors afforded the underwritten, or, at least, much much more
not within the jurisdiction of the Japanese Nanking to order the summary decapitation of satisfactory result, but as I will explain later on/ use one beiler vuls thereby making a consider- -LUZON SUGAR REFINING CO. LE. than their book value. suitliyition on the Commercial Code in such matters as their the principal desperedoes. The magistrate in we bave but a rers difficult your and there is sharebelders us opportunity of serialning for
ordered to make strist search for the despera basis of présent t day values would fairly reconstitution, but the judgement quite alters the
rate the
do not show alone by inviting them to the will towards the end-of- The report for presentation to the share. present the standing of the company and conditions of the case, and if the judgment is does at large and make no further delay in the perhaps reason for congratulation that at any themselves the great improvements arrived at, Jaar's operaill see from the last year, and I may safely say that these share- upon the working. would also incidentally deter rash competition allowed to stand there would appear to be very Tantai the araber of cases sent to his for trial cants that the credit sinnes of Profit holders who sailed themselves of the oppor which the smallness of this
company's capital would possibly invite
litle advantage in being registered at Hong by the Mixed Chart, the number of criminals and Lose account amounts to 31s, 7.466.6%, tunity were well satisfied. If the fact is taken MALF J., M
Go how he has tried the of which we propose to write off Ts. 7,0 into consideration that during last year the & Cn. have on various oecione conferred long, With regard to the judgment as it concerned, lo
said
and what sentences should
constraction account and carry forward to will worked only about 100 full days it is not benefire on the Chios puble and none safts the Hirano Co., when this concern was he dealt out to the guilty ones. To delay new account is. 466,52 I think, gentlemen surprising to find that a dividend for last year
and Hressformed into a limited liability company the great ss the flanting of the S
out of the quealion. It three months in dealing with such important that is all I did seed remark about the is Wh. Ch. In my humble opinion they would
is any bow few words be increasing the obligation. Ins to them be relor, Mr. H. E. Rayne, guaranteed
casus and yet not come to a decision in regard accounts, but would wish to say
abtsived adopting a course on the atoes lines and ditidord of 10 per cent. For various reasons to them, is nothing less they pure levity. The regarding what has been dous during tlas last firing to find that from the results we are able to propoas to write
reconetraction magistrato is, therefore, given ten days to dan year in our business. Reviewing the work of already from
account thereby enabling the small? man to pat business has not been so good as anticipated, with the various saus nod to sentence the guilty done by the mill during last year, we find
dana and to sentence the paths done by first months were fairly satisfactory rits be written off as soon as circumstances
Had 7000; the balanes of his money in what I may be allowed to term the consols of Shanghai."
and each year Mr. Reynell has had to put his ones as severely haad into his pocket in order to make up the magistrate
will be impesta in delaying the matter be both from the working point of the mill sad armit. With regard to our stock of four necessary 10 per cent. for shareholders. At authorities without morey. time have any funda been pat to the reserve and
In this connexion it is, perhaps. necessary to the sums carried forward have been infinitesimal state that what parported to be a translation of the Trotai, in amount. Japauss law requires a trentioth of
the British Couanl's letter to
Ecto de Caise" each year's prošle to go to the legal recorvo appearing in the until this fund is equal to one fourth of the unistakably garbled version of Sir Pelham Warren's letter. No each phrase as "Si vens capitals. A shareholder in the Hirano Co. was
by roules The Vous conformer & cette proposi. the first to move in the proceedings which bave reulted in a judgment that will probably be tiov, les relations entre nous deviendront très considered by a higher court before it is accepted tadues et je ne sais comment tout cela so terminara" could possibly occur in a document of this nature.-N.C>Daily News,
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boblers at the twenty fifth annual general meating, to be held at the offices of the Generel Agents, at 12.15 pm, on Wednesday, March 27th, reads
The General Agents beg to submit to share. holders their report on the Company's business for the year 1966, with a statement of accounts to 31st December last,
For the greater part of the year the refinery at Malabon was kept working, but at a redused melt, and owing to the low prices ruling every where the margin of profit on working war anal.
After allowing for Intermat and Loss in
account is $138,523.6).
CONSULTING COMMITTEE.
WATERBOATS.
ANOTHER AMALGAMATION.
orohanga the sum at debit of profit and loss] We learn that a conditions" "greement for amalgamation has been made by the Hongkong Steam Waterboat Co., L. and the Union This consists of Messrs. A. G. Wood and Waterboat Co. ld, and that the former H. P. White, who offer themselves for will go into volaniary liquidation. Mr. E. G.
Barrett will be the Liquidator.
re-election.
na final.
matter.
be
Ile in plae ordered to report to the
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tel
and denoncced to the high the financial results obtained thereby. After offals ofe, I may tell you that it has found
the first quarter of the year, work had to
considerably above stopped at intervals to alloy; of the erection buyers since the stocktaking at prices vory which thay were those Becainber 31. The mill is working of machinery in connexion with the reconstrue-veined on tion of the mill. The directors had hopes that the satisfactorily now with a fair margin of profit. reconstruction would be carried through by the In conclusion I should like to express cur time
at which the new crop was expected to be thanks to lie shle and hard work done by our available for milling purposes. However, head miller, Mr. Watson, and his staff, since this could not be carried through; the erection the accounts have been closed, I am happy of the machinery, and especially the ection of to be able to inform you, the entire production the new steam power plant, took considerably of the mill until the middle of May has been
expected.
the sold at a fair margin of profit,
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time
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