1909-03-22 — Page 5

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HONGKONG GENERAL CHAMBER OF COMMERCE.

Minates of a meeting held by the General Committen in the Chamber Room, et. George's Building, on Friday, the 12th March, 1909, at 3.30 p.m. Prewens-Hon. Mr. E. A. Hewett (Chairman), Mr. J. R. M. Smith (Vice- Chairman), Hon, Mr. W. J. Gresson, Messrs. A. Babington, J. W. C. Bonnar, G. Friesland, DR. Law, H. B. Tomkins. E. Shellim, H. A. Biebs, and E. A. M. Williams (Secretary).

COMMITTEE.

The CHAIRMAN welcomad the now member of the Committee, Mr. H. A. Siel.

MRUTH.

The Minutes of the last Committee Meeting held on the 50 December, 1908, were confirmed.

OBSERVATION STATION AT LAICHIKOK.

*THE HONG KONG DAILY FRESS, MONDAY, KARCH EN

therein, and to enquire whether your Chamber are of the opinion that this Colony should adhere to the International Convention of the 26th September, 1906.

2. I shall be glad if the memorandum may be returned I am ko.,

F. H. MAY. The Secretary,

Colonial Becretary, The Hongkong Chamber of Commerce,

Circular.

Downing Street. 21st January, 1909. SIR-I have the honour to refer to Lord Elgin's Circular, despatch of the 16th April, 1907, transmitting a memorandum on the Inter- national Conference on Labour Regulation, hulel at Berus. in September, 1906, sad to inform you that His Majesty'e Government have now

The following reply from the Government adhered to the International Convention of

·was received:~-~

Colonial Secretary's Office, 2nd February, 1909, 818-Referring to your letter of the 15th ultime on the subject of the Regulations for the quarantine station at Laichikok 1 am directed to state that this Government propose to palilish the enclosed amended regulations.

2 Those amendments will bring the local procedure into line with that obtaining in Singapore, and it is hoped that they will satisfy the requirements of your Chamber.-I am, Sir, Your obedient servant,

The Secretary,

F. H. MAY. Colonial Secretary.

The Hongkong Chamber of Commerce.

Enclosure.

Regulation nude by the Governor-in-Council on the day of.... 1909 under Sec tion 23 of the Merchant Shipping Ordinance, 1899 (Ordinance No. 10 of 1890)

"The Lustenotions for Owners or Agents of Infected Vessais made by the Govornerin Connoil on the 23rd day of November, 1908, and published in Government Notification. No. 852 of 1908 are hereby amended by the deletion of Instruction 1 (e) and by the substitution for Justruction 2 of the following:-

26th September, 1906, respecting the prohibi tion of the use of White Phosphorus in the manufacture of matches.

2. The text and translation of this Conven tion were annexed to the memorandumi enclos in the despatch under reference.

3. I am to enquire whether you desire that the Colony under your Government should adhere to this Convention. I have &e..

CREWE.

The Officer Administering the Government

of...............

The Enclosure was laid on the table..

CERTIFICATES OF DISCHARGE TO CHINESE BEAMEN.

The following letter from the Government was received -

Colonial Secretary's Office,

30th January, 1909,

SIR-I am directed to forward for the obser-

vation of your Chamber a copy of a letter addressed to this Government with enclosures in original regarding of continuous certificates of discharge to Chinese seamon,

2. I shall lead if the enclosures may be returned.-1 aìn, &c., .

F. H. MAY. Colonial Secretary..

The Secretary,

The Hongkong Chamber of Commercə”

[Copy.]

Harbour Department, Hongkong. 12th January, 1909. SIN-I have the honour to wake the follow

representations:---

2. In addition the Owners or Agents aforesaid shall pay to the Government snel eleurges us the Health Officer of the the Pert, by certificate under his hand, may certify to have been incurred by the Go- vernment for medical comforts, for the cleansing ing and disinfection of the vessel, or of the merchandise on board of her, from which the passengers and crow have been removed, sud for the burial of the bodies of any of the passengers or crew whe may die in the Station. They shall also refund to the Government the cost of revenging the

2. In the year 1900 the Board of Trule instituted a form of Continuous Discharge Certificates" to be issued only in Home Forts The instructions on the subject are contained in Board of Trade (Marine Department). Circular No. 41 Colonial of August, 1900. In that circular, is copy of the preamble to which I sttech, it will be seen that it was evidently

1. That a light be placed on the Southern end of Kuping Land. To set as a leading ligat across the Harlour to the Kapsing Moon Pass.

2. That & Hght be placed either on Tong Ku Island or Douller Point. To uct as a leading light into Brothers Channel and also for the West River Steamers passing between Tong Ku and Sau Chau. We are, etc.,

FILT

1909.

gation that the following lights should be fetched 324. Teen have sellers at 3195. Other erected:—.

5. stock ander this heading are unchanged.

MISCELLANEOUS-China-Borneos sold at $12 and S12 and $123, and shares are obtainable at per share will be declared at the forthcoming latter figure, we hear that dividend of $1.20 meeting, China Providents' changed hands at $9.30 and have sellers. Langkate are grated in Shanghai Tls. 800 buyers, ex the 1st quarterly dividend of The. 121 por share paid on 15th instant. Watsons can be placed at 89 and Wm. Powells at $2). In other stocks under this Heading no sales have been reported and rates are unchanged.

CHAS V. LLOYD, Futshan : W. C. VALENTINK, Kinshon

H. D. JONER, Hanum

L. I AURENCE, Tui On H. W. HOLMEs, Lintan JAMES CAMEROX, Shun Lee- HAB. STEWART, Chaynen G. C. Williams, Liuan- REES LEWIS, Kalgan E. MONKMAN, Kunchow W. E. SAVER, Chan Sang J. S. SIDFORD, Szechuan. SPENCER WILDE, Hong Song WH. BENSON. Funn

WM. MCINTOSH, Shaieking T. H. LASHMAX, Foo Shing T. H. CHRIFTIE, Cantor Fiver Pilot E. EMBURG, Paul Bear

H. W. WALKER, Kwong Tong

I BEAFTER, Sua On

W. F. BICKARD, Wai Bhing

E. HORTON, On Sany

F. Mooxky, Chip Sing

K. E. TUEBEN, Ichung

J. MCARTHUR, Megon

R. D. THOMAS, Heang Shan

6. 8. Crowe, Kuang Sai

R. HAMBAY, Bui. Tai

E. BIENAIME, Charles Hardenin

J.

S. LEWINGDON, Chon Po

A. N. SAATON, Shut O

W. PALMER BALER, Kuong Sang

R. T. ANDERSON, Tiny Saug"

M. COULTERY, Yat Shing

G. TROBERG, Kian Ice

H. F. N. WALKER, Lienshing

J. MEATHRKL, Annaí

THA

A. E. SANDHACH. Choy Sheng W. H. LUNT, Kuang J. H. BROWN, Chenan W. S. THOMAS, E Sang.

J. MEGINTY. Nan Cheung R. A. BIRS, S Du

J. CULEMENTS, Sau UF

G. W. EEDY, Ticalnin

WM. WALKER, Tony Shing

I. C. C. AGAART, Palambery ROET. &. PARANGBY, Ferking E. EVANS. di Sang

To the Hou, Basil Taylor.... Harbour Master.

Houghout!

The omitte decided to write to the Govern- ment in support of the petition hade by the Lights petitioned for were not only useful but masters of Biver and Coasting Beamers. The actaully necessary for safe navigation. The Chamber's opinion ww that the suggested Kasing Island should be the first to receive rection of a light as the Southern oil of the confideration of the Gorerament.

SHARE REPORT.

THE PEKING SYNDICATE.

An extraclinary general meeting was held on the 23rd alt, at the Cannon-street Hotel London to consider a resolution approving a Bill introduced into Parliament to organizo the share capital of the syndicate and to provide for the redistribution and appropriation of the shares in the reorganized capital. Mr. Carl Meyer presided.

The Chairman, in moring the resolution, said portance to the nuification proposals, he did not that, although the hoars attached great im wish the shareholders to think that the syndicate's fortunes were absolutely bound up with the acceptance or the non-accep tance of the scheme. Whether they endorsed it, as he hoped they would, or not. He could assure

then that the chances of HYLDENS for the syndicate would not be affected. They had arrived at the period in its history when what at one time might have been described as problematical was no longer no. It had taken a long time to bring about the present position, but the bear were no longer doubtful of a happy termination of their labours, and it was because they were now within measurable distance of distributing dividends that they asked the shareholders te fucilitate their task in passing the unification proposals, so that when the dividends came to be distributed there might be no undas huggling or wrangling over the spoils. He dealt with certain objections which had been raised to the scheine. and said that the board bad tried to hold fairly the balance between the different classes of shareholders. There hal been protests emanating from all three classes, which to his aind was the best proof that the proposals were eminently fair to all of them.

Mr. G. Jannieson seconded the resolution, Mr. Torr said he felt that the schems pre- served foreach class of shareholders as accurately as possible the rights that they possessed under the existing articles, and he therefore heartily commended it as being, roughly speaking, as fair a shenis as it was prastienble for the wit of man to devise on such a lifficult question. The to make, with the approval of the directors, slight points, however, on which the committee desired amendments were these (1) that the Bill should to the sinking fund certificates should be raised be amended so as to provide tlust the 10 per cent. to 20 per cent. and the clause giving them one- half of the surplus earnings over 10 per cent. syndicate should be employed only in the should be deleted; (2) that the capital of the development of the Shansi and Honan Conces- sions, and matters incidental therto until the sinking fand certificates had been whelly redesmes; and (3) that the hollers of bearer warrants should have the right of voting by proxy.

Mr. de Beaufort seconded the amendmout, and employing the syndicate's capital in the develop ment of the Shanasi and Honan Concesion

things going in China, and he could not help position. There might be a great many valuable might lead the syndicate into an unprofitable Mr. Willians thought that such & restriction

doubting the wisdom of binding their hands in such a way.

Station at a rate of h cent par head per intended to extend use of these new forms at are list, dated 20th March, state-On particularly emphasized the desirability of only of the passengers and crew...

Hongkong Chamber of Commerce,

8th February, 1909. :

some fature date.

3. So far as we, in this Colony, are concerned, Six-I am directed to acknowledge the receiptizie a somewhat similar form in the case of I think that the titas has now arrived for us to of your reply to the Chamber's letter of 16th Chinese seamen signing of and being discharged dtima on the subject of the Regulations for in the Colony, in ships on the Home ruu. the Quaroutine Station at Laichikok, and to state that this will receive the consideration of proved most, nseful. To prevent a man from 4. The new formatow issued at Home kare my Committee at their next meeting-aking" unfavourable reports-in fust,

um &c..

E. A. M. WILLIAMS, Secretary.

Hen. Mr. F. H. May, C.M.G.,

Celonial Secretary.

It was decided to reply that the Committee approved of the amended regulations under Section 25 of the Merchant Shipping Ordinance 1899 (No. 10 of 1890), and to thank His Excel lency the Governor, for the consideration shown to the views of the Chamber in the matter.

SEVENTH CONGRESS OF CHAMBERS

COMMERCE OF THE EMPIRE.

3.OF

Acknowledgment of Clamber's raply by London Chamber:---

Oxford Court, Cannon Street,

London, 11th January, 1909 DEAR SIR-I beg to thank you for your letter of December 9th, contents of which, I note.... I trust that s representative from your Chataber will thu it possible to attend, and would ask you to let me know as soon as possible in order to facilitate arrangements-Yours faithfully,

KENRIC B. MURRAY,

< Secretary. To the Secretary.

Hongkong General Chamber of Commerce.

REGISTRATION

was received-

TRADE MARKS.

Colonial Secretary's Office. 26th February, 1909.

Mers, Erich Georg & Co. in their weekly market, generally speaking, has ruled somewhat quieter during the week ander review, although

cluses at is 34, while rates on Shanghai and sterling demand rate of exchanges on London some stocks show a further improvement. The vide evre se unchanged. Barailver in London closes at 23 d. und Consoly ut £83 The rates of discount in London are auchanged.

Bank Shares continued in request and several BANK SHARES-Hoagkong and Shangliai small fots have been booked from 925 upwards contain a virtual history of his asa service.

to $940, the market closing with further small 5. In order to adapt the system to Chinese; it the London rite is £86. National are un buyers at 8936. but larger lots are obtainable; will be necessary for their photographs to meeting of shareholders will be held on 1st May almaged the 18th ordinary sanmal gredere! attached. My experience has shown me that a 1909. The report and accouts of this Company single, full face or 3/4 face, photograph is not for 1906 have been published, aul state that the sufficient for identification: there should there gross profit, fululing $10.223.09 brought to fore be two photographs, one full face and ena in profile. I sttach a cancalled form one of after deduoting all char res leares net profit of

ward from last account, is £265.369.36, whil those issued at home--with an amended front with as follows: place to reserve fund $150,000. 8190,552.57. which the directors propose to deal sheet, such as I suggest should be employed and carry forward to post accout the balance here.

of 30,552,57.

6. I suggest that these forms should be isod only for ships on the Home run, at present, as would be considerable difficulty in using theat on until the Chinese understand them, there the East. On the Home ran most of the difficulties do not exist and the now form would in view of the Language Test,” be of great use at home ports, more especially

MARINE TESURANCE SHARES-Unious sold Traders are unchanged North Chinas sold at at $830, and can be placed now at $935. Ching

Cantons have been done at $187) Tls. 100. Yangtzes have hayers at 3195.

advanced to sales at 310 to 315, and are wanted FIRE INSURANCE SHARES - Hongkong at latter figurs. China havo Improved further and up to 8109 has been paid, at which figure Canton and Macao Steamboat Shares sold at the market closes quint, but steady,

$294, and more shares are wanted; helders, SHIPPING SBABES few Hongkong.

however, are not willing to part with shares. except at an advance. Indo-Chinas changed owners at $60 and 61, closing with bayers at

7. If there forms are approved and instituted, it will be advisable that kirillar forms be used at other Far Eastern Ports in order that there may be uniformity, and also that their full value may be obtained, for they would lose much of their usefulness if restricted to but one port $6) (preferred and ferred shares (combined); I have &c..

B. R. H. TAYLOR,

Harbour Master.

The Committee were not prepared to support

London and Shanghai rates are unchanged. China and Manilas have been; dealt in at $10. and $9, closing with sellers ut $10 Douglases sold at $343, but we make 835 buyers the closing rate. Shell Transports are wanted at 53s. 9. the London rate in 54s. 9.; sellers. Union Waterboats have buyers at $10. Star Ferries are unchanged.

REFINERIES-China Sugars have weakened and, after sales at $1474 vseh and end of the month, also st $147 for end of April. both en dividend, cash shures are obtainable now át 8137ǎ ex the dividend of --5 share paid to day.

The Honourable

The Colonial Secretary. The following letter from the Government among Shipowners at Home was that the new It was believed that the consensus of opinion system had not reunited in the benefits anti. sipated. The Committee were of the opinion that the idea was inpracticable when applied to SIE With refereneo to your letter of the the China Coast would be a decided disadvantage Luzons are weak with sellers at $17,

Chinese seames and if brought into force on 5th November copy of which was forwarded to to British Shipping in obtaining labour. the Secretary of State for the Colonies, I am directed to inform you that His Excellency the Gorerner is in receipt of a despatch from the Secretary of State for the Colonies to the effect that the representations of the Chamber of Commerce on the subject of the protection in China, Cores and Japan of British trade nurks registered in Hongkong have boun placed before the Secretary of State for Foreign Affairs-I am. &c.,

F. H. MAY, Colonial Secretary.. The Secretary,

The Hongkong Chamber of Commerce.

INTERNATIONAL CONVENTION OF THE 26th SEPTEMBER, 1905. The following letter from the Government was received:

Colonial Secretary's Office,

26th February, 1909... Sie, az directed to forward a copy of a esdpatch addressed to this Government by the ¦

the scheme.

PETITION FOR LIGHTS ON KAPSING ISLAND

AND TONG-KU IBLAND.

The following letter from Capt. B. D. Thomas Hongkong, Canton, Macao sud Ports on the on behalf of Masters of Vessels trading between Wast River was received-

9.S. Heungshan, Hongkong, 6th March, 1909. DEAR SIR,-On behalf of the Masters in command of vessels trading between Hongkong, Canton, Macao and ports on the West River, I bag to enclose herewith a copy of a petition sent to the Hon. Esail Taylor, Harbour Master, ashing for more lights Chamber of Commerce will approve of and see Treating that the fit to support var potition.--I am &c...

R. D. THOMAS, Master 8.8. Hangshan,

Hon. Mr. E A. Howatt Chairmen,

8600. Baubs have sellers at 8) Chinese MINING SHARES. Charbonnages sold at

boo done and are wanted at Tk. 18. Engineering and Mining Company's shares have Docks, WRAEVER, GoDowns, &c - Hong- kong and Whampoa Docks sold in small lots at Az or Dock Sb are unchanged. Shanghai cast sollers at 5. Geo. Fenwicks, and Now $85

cask and 888 for end of June, elasing with

Deska are gate Th. 88 sellers in the north. Hongkong and Kowloon Wharf and Godown dropped to sales and sellers at 953, and at time a shares, after further sales at 854, of writing a few shares could be got at $521. Shanghai and Hongkow Wharves sold in the north at varying rates, closing at Tis, 175.

LANDS, HOTELS AND BUILDING8--Hong- closing with buyers at $99, Hongkong Hotels kong Lands have been done at 899 and $100, have weakened to $86 sellers. Humphreys Estates are in demand at 88.70. Shanghini Lands sold in the north at Tls, 115, Other stocks under this heading are unchanged, and without transactions. Hongkong General Chamber of Commerce. Philippines have sellers at $8. Chins Light

SUNDRY MANUFACTURING COMPANIES and Powers sold at 85. Gas shares are wanted

89 60, while a large lino fetched only 894; the at $210. Dairy Farms are steady at $144. Green Island Cements sold in small parcels at Hongkong Electrics have buyers at $181. market closes with sellers at $9.60. Ropes

· Copy.

Secretary of State for the Colonies togetherders of vessels trading to and from this Port

Hongkong, 5th March, 1909. DEAR SIR-Wo the undersigned Commnan with a copy of the Memorandum referred to deem it advisable in the interest of safe navi

representatire on the board. He represented Mr. L.Dury said that the Continental share. the Banque de Paris and a large number of holders particularly desired to have ono more shareholders in Belgium and Switzerland, who had given hit instructions to vote so secure that object,

u to

agreed with what had fallen from Mr. Williams on the subjects of the second amendment, be- The Chairman said that the board entirely

cause if they limited the powers of any board by their Continental friends they had given they limited their chances of making profits;

way out that matter. As to the paint raised but in deference to the strong wishes expressed

director which was in question-the board were by Mr. Oary and it was his appointment as A

directora abend he brought about by the determined that no increase in the number of

indirectly connected with the Stock Exchange, inclusion of a gentleman who was directly or That was the only objection they had to him

view of the attitude of the Continental bure- ment was defeated. It was pointed out that, in After further discussion the second amend.

Gary's election, the board could not be held holders in pressing at the last moment for Mr.

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to their proniise to make that concession. The resolution additsun of the first and third amendments.

was ultimately carried with the

moved by Mr. Carl Meyer, who again pre-votes against 217,087 votes.

A meeting of the holders of Shanai shares was afterwards hald, at which a resolution was sided, and secondled by Mr. Jamieson, approving the Hill,

Mr. Bristowo seison del the amendment, which, ous show of hands, was carried.

resulted in the amendment to adjourn the meet- A poll was demanded by Mr. Oury, which ing th the 10th prox, being carried by 319,894.

Mr. Jamieson in reply to questions,ve soms meeting should be adjourned for a fortnight Peking, Tientsin, and Hankow, and ware get Mr. Toir proposed us an amendment that the said that they were selling coal as far off as information as to the syndicate's output coul. He in order, he explained, to give the whole body of ting what the board considered to be fair prices. Shapsi shareholders an opportunity of learning what had taken place at the previous meeting shares and of the Deferred shares were after- Separated meetings of the holders of Ordinary before giving a final voto, and, if possible, towards hold, at which resolutions approving the adjust the differences that had arisen. ·

Bill were passed.

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