1910-01-26 — Page 3

CLLIS KADOORIE CHINESE

SCHOOLS SOCIETY.

PRIZE DISTRIBUTION AT HONGKONG COLLEGE.

Thoirector of Education, Mr. E. A. Irving, presid at the sonnal distribution of prises at. the Es Kadoorie Behed yesterday, and was | altu sappord by Mr Ian Chu Pat, Mr. Ellis pablis Kadoce, and Mr. Braidwood, the headmaster Valley... There u slao s good attendance of ladies wat gentlemen Interested in education. The pic turesqu building was enhanced in appearance by dipsy of bunting and chemoteristically Chinese sporations,

∙in the

for the whol fact prov

2 and Colleges.

The proeedings were commenced by Mr Lan Chu hk extending a hearty welcome to all present onbehalf of the Council. By A nambr of Chinese boys then showed their prodlodent in English by various roallations on auch subjects as "There is room at the top,

Procreatiantion, etc., and their efforts were cordially applauded by their hearers, who smiled Indulgeatly at the struggles of the youths to overcome some of the intrinsies of a foreign language,

Reading

Arithmetic

Dog Composition Eng. Colloquial Geography

Taslid Algelem

: Rolande

Diolation Writing History

Translation E. Translation C. to Geometry (Practical) M'eneration

Mapping Hygiene

THE HONGKONG

WEDNESDAY, JANUARY Zürn

COM

EETINGS

AND

oft to the tained

tial to

College Liber to be a source of pleasure and stadenta, and this interout has been by the addition of a number of new and attrac tire books. The Head Master's examination on the results of which the Scholarships and Prisse are awarded to-day commented on the 4th inst and was completed on the 18th. For the Informa- tion of the Council there le attached to this Report a tabulated list of the rewatts. The great mass of figures therein contained would be of little interest to my present hearers, bat The HEADMASTER then read his report. Heinly stated the stars were as follows 597 said '---35 is with pleasure I present the Ninth boys were present ut examination. Of the Annual Report of the Beolaty's Hongkong ware successful and 52 failed. This is College. Exchsuccessive Reportsince the College pass of 90 per cent. In the various objects was first opened in 1901 has marked a progressive the percentage of passes was: movement, in some respect, and this is no ex. ception to its predecessors, So far backc an November, 198, it was arranged that for purpo of grant-in-aid the Cellaga yoor "aliould ter- minate on 31st December. That arrangement is now in force, and in future the College Reports will embrace the period from January to Desember. Instead of from Midsummer to Midsummer as formerly. This Report there fore desis with the latter half of 1909, Advante age has been taken of this change to make altera tions in the curriculum. The standard in all the Forms has been considerably raised, the object aimed at being to bring the thrun highest forms, respostively, up to the status of the

Our thanks are tendered to the donors of the Oxford Senior, Junior and Preliminary er aminations.. It is hoped that this movement Blake and Ho Kam Teng Scholarships. The banent derived from the healthy rivalry will assist the College to contribute ita quota of sted by these Boholarships can never be candidates to the first entrance examination of adequately blunted, and I am particularly the Hongkong University, which examination we are informed will be held about September next gratified, on the present occasion to intimate in sidition to their number. Mr. Fred J. year. The attendance for the two teria under Halton, Agent of the Pacific B. 8. Company, review has been highly satisfactory, the average who in a business capacity frequently comes in being 618 over the whole period. Punctuality contact with our students and has an intimate and regularity have been most marked, 27 por and appreciative knowledge of the work done cant of the students having made full attend-in this College, has offered a scholarship of the ance. In the teaching tax their has been annual rains of fifty dollars Mr. Halton's number of changes, Mr. G. E. Hooking replaced generous offer has been gratefully scoopted by Bir. Nicolson, whose connection with the College the College Connoil The Scholarship, which seased on 14th Jane; the former was wasceeded will be awarded for merit in the senior division, by Mr. C. J. Higginbotham, whose place he took will be known The Halton Scholarship" in Honam College on Int Sept, Mr. P. For many gifts and contributions to our Fzive Campbell, formerly of Malados High School Fund we also desire to express our thank commenced duty on the Istinst. Mr. Hamilton, who was absent on six months' leave, returned to the Colony on 3rd November, and resumed dafy the following day. At present the state ax English meters, including the faster, eight Anglo-Chinese, se ints and seven veramanlar teachers. Under that brush work had been taken up, but what the present arrangement, there are on

wis much more important was Mr. Braidwood's average 339 students on the English dds

reference to the Oxford examinations and to and 279 on the verencnlar side studying the changes he proposed to make in the aimultaneously, a meroze which provides an adequate number of pupils to each teacher. 11, organisation of the school to fit in with them. however, Secondary work is to be carried on Proceeding, he said he would deal with what he successfully more time will require to be devoted had to say under various heads: a fact, a dodue- to English in the middle forms, and I recom. tion, a simile, and a moral, a manner which mend the angmentation of the staff by another Mr. Braidwood as a Scoteraan must appreciate English mastor. The diffonity of finding The fact which he wished to bring to their qualified Anglo-Chinese assistants is still grost, notice was one which was as doubt familiar to but the order of 15th July making it com most of them. It was that the University pulsory for all Anglo Chiness asistants and would shortly be ready for scopation and that pupil teachers to attend a Normal class should it would give an edzation on the lines of an tend to increase the usefulness of this class of English university. ~ Its degrees would be squal teacher. In the report for last year reference to those of an English university, and it was made to the necessity for additional followed a csary deduction that the mocommodation, and the hope was expressed that entrance examination would sooner or later the much-needed extension would be accom have to be equal to that required at an English plished during the year that has just closed, university. At prosent how were they prepared That hope has not been fulfilled, but I am to meet such an entrance examination? Ho pleased to be able to report that new addressed the question not merely to the boys of and noproved plans have been prepared, the the Ellis Endoorie Bohool, but to all the big contract for building signed and the work schools In the Colony. At present they had actually commenced. The building, which very good results in the Oxford examination, is designed to. bccupy the eastern portion but out of the boys who passed comfortably in of the present site, will provide a covered the last examination there were only two in playing gronod and six additional pass the whole of Hongkong who had reached such roeme of modern design and will be in a standard as to exclude them from responatóna. The rossan why the remainder did not reach many respects similar to the wing in which

that are now assembled. The President, Mr. Ellis Kadoorie, our indefatigable Hon. Secretary, Mr. Lao Chu Pak, and the Members of Connell are to be congratulated on the successful realisation of this part of their scheme, and I have no doubt that when the new wing in completed some of

The DIRECTOR or Extuation followed with an interesting address. After expressing the pleasure which he felt at being present, and tha atisfaction it atorded him to note the pre- pod actensions of the school building, he

to present the

Salio

MEEG) by

Kwik Shẫu

and Ho Kom Tong Scholarshly by Chan Chin Taing.

Chers for the Director of Education and the donors of prises concluded the proceedings,

COMPANY REPORTS.

THE CHINA PROVIDENT LOAN AND MORTGAGE COMPANY LIMITED.

The report of this Company for the past your we follow Annered we have the pleasure to lay before bareholders a statement of accounts made up

to 31st December, 1909,

The grom mentage for the past year amount to $188,887 81 and after deducting all expenses, remuneration to General Managers, Consulting Committee's and Auditors fees, there reiklusi 400 of $103,602,60, which it lommended be appropriated as follows, vis To place to Rowerve Fande To pay a Dividend of B0 cents per To carry forward to the credit of

next year's noceant, Consulting Committee. In acordance with the artiales of Association, Dr. J. W. Noble and Meer HP. White and D Poi On retire, but offer themselves for re-alection.

$1,000.00 $100,000.00

$2,602.60

We much regret to have to rebord the death of Mr Chow Hing Kee, who served on the Committee from the formation of the Company Auditors The Bocomata have been, sudited by Mears, A. OD Gourdin and W. H. Potts, who are recommended for re-stection.

To cover the balance of depreciation on in-

rastments amounting altogether to $27,121,25, $21,000.00 has been withrawn from the Beserve Fund, which will now stand at $50,000.00,

SHEWAN, COMEs & Co.

General Managers, Honkong, 25th January, 1910

PROFIT AND LOW.

Consulting committee's Charges

“Auditors' Lee A

for the year 1909

in

Depreciation on Godown furniture Balates of depreciation on invent- Balance

menta a c

Balance carried forward from last Interest rooslynd, stor

agen, renta, eto

mission, Less Interest paid, sam

175,945.31

referred to the gratiaestion be felt on CATILES MANAGER $11.77

Insonte from investments Profit on sale of 4,500 China Light

and Power Co., Id. shares Amount tannsferred from reurys

pitrag:

BALANOS CESIT.

Authorised capital 200,000 shares at $10-$2,000,000,00 Ismed par last report 125,000 shares. at $10 onch Reserve fand Bandry creditors Halance of profit, and loss account

Loans on provident sys-

tem

LOSES ON

8475:092.08

20170865.895.94

shares, ko...:/ Investment of reserve fund

Co., Ed, of $7.25 ... 10,000 shares Green Leland Cement Property at West Point

Godown furaiture

hes, J. ore called upon to arpand a Dorzos eum on 4000unt of the

E. Aager, Ho Fook, Lo Cheung Shin In this connection your directors desire Ho Kom Tong.

your attention to a Special Remar

Secretary road the notice convening they consider it prudent to start to meet any unforosoon expenditure that may become the meeting

The ORLIRMA kid –Gentlemist,~ l'h¢ 50-| necessary to the property, caused by typhoons, port and accounts, which have been in your ete. That such a reserva: was thought of at handa for some days, I propose with your por the time the Company was formed is evident, mission to take na renil. The accounts are of so for it is authorised by your Articles of Associa- simple a nature as to call for no special comment tion, Speaking generally it is felt that the from me. During the year we have disposed of year under review has chown that the property our two Inland Lots at Kowloon Point sta market in Hongkong has had a tendency to price which gave us a net profit on the sale of improvement, krought about probably in some just over $170,000, which you will no doubt measure to the loss harassing administration of deem satisfactory. The decrease in ren the Sanitary and Ballding Laws which had des- compared with last sccount is due to the ex-troyed the confidence of land intentia, Azt to piration of the tenensy existing in 1908 of the comparative Improvement In the number of portion of Kowloon Marino Lot 75. Our house cases of plague. If any shareholder desires any property at Yaumatt continues to be well further information, I shall be pleased to occupied and is in good repair. Before form afford it.

ing the adoption of the report and counts I shall be pleased to answer any question you may wish to put,

There being no questions, the CHAIRMAN proposed the adoption of the report and accounts se presented, bel

Mr. Ho Foor seconded, and the motion was carried unanimously. Si

Me, BETH proposed the re-election of Mosers ang and C. 8. Gubbay to the directorate, Fo

Lo CHRUNG Bary seconded, and the motion was agreed to.

On the motion of Mr. Ho Kom TONG seconded by Mr. Budass, Mosare. W. H. Potta and Gourdin ware re elected suditors

alf the business, arrants will be ready Thank you for your

345

The

WEBT POINT BUILDING

CO., LTD.

The twenty-first ordinary meeting of share- holders in this Company, was held at the Com- pany's offices, Victoria Buildings, at noon yes $400,00 terday. The Hes. Sir Paul Chater presided, 200.00 others present being: -Hon. Mr W 7511.87

Grandon, Mositi, J. W. C. Bonner and C. 8. 198.00 Gabbey (director), A. Shelton Hooper (Seora tary, F. Maitland, J. M. E. Machado, M. B. 19271.25 Northsota, C. F. Anton and H. N. Mody 103,602.60

$134,783,72

83,407.68

The Secretary read the notice calling the mesting...

The CHAIEMAN aid; Gentlemen, With your permission we will take the report and as read. As the less of the whole property is still current the gross returns are unchanged our last-general meeting I informed you pomenkat the severe damage caused 921250 by the typhoon of 12.

3,730.00

21,000.00

$134.783.72

sted riot having been

There were no questions, and the CHALEMAN proposed the adoption of the report nad sccounts

presented.

Mr. HouGH--Mr. Chairman, yourself and the directors are to be congratulated on this report, and from the Incid explanation you hava given of the different items, it leaves nothing for me to say except that I beg to second the motion.

The motion was agreed to unanimonsly.

On the proposal of Mr. SMITH, seconded by Mr. Rose, the appointment of Mr. J. W. Bandow to the directorate was confirmed,

Meera E. Shollim and O. B. Gabbey were re-elected to the Board, on the motion of Mr. MACHADO, seconded by Mr. Oven.““

~~ Mr. Bexus proposed, Mr. VERNON seconded, and it was agreed that Mesara, J. Cox-Edwards and H. Fercy Smith be reappointed auditors,

The CHAIRMAN→That is all the basiness gentlemen. Thank you for your attendanco, Dividend warrants will be ready on application to-morrow.

JAPAN'S INTERESTS IN MAN- CHURIA

JAPANESE OPINION ON TUE, BAILWAY. NEUTRALISATION PROPOSAL:

The following is taken from the Japan Chronicle of the 17th inst.—S

ROBINSON PIANO

CO. LTD.

SPECIALISTS IN

HIGH CLASS

PIANOS

BY THE

LEADING MAKERS.

"JUST- UNPACKED:

BRINSMEAD

WERNER

RACHALS

KRAUSS.

INSPECTION INVITED.

131

BRITISH NORTH BORNEO COY.

The 54th half-yearly meeting was held on the 21st alt, at the Cannon street Hotel, under the presidency of Mr. W. C. Cowle

The Secretary (Mr. Harington G. Forbes) baving read the notion calling the meeting,

The CHAIRMAN uid-Gentlemen, this is, as you are aware, a meeting at which no busineva is transacted, bat at which we are able to give you, some six months before the sunnal accounte are submitted to you, an ides of how things are progressing. I have therefore to report that since we met in July last four new companies, representing £400,000 rabecribed capital, have been formed for the enltivation of rubber in sur territory; also that wo have sold privately during the your nearly the whole of the balance of the 650,000 shares which we offered to share? holders and the public in February last.

THE DUBENTURES AND BONDS TO BE FAID

As the result of this we have been able to no- fify holders of our outstanding Debentures and Hends that the whole will be paid off on the respective Entes of such notification. For the information of holders T-beg to state that thous The proposal to neutralise the railways in who may wish to cash their Debentures And Manchucis still coompies the close attention of Bonds before the das dates can do so by handing the Japan Prom, and some very interesting them to the Company'd bankers (Martin Bank. laws and opinions are being set forth The Ltd.), who have been instructed to pay them off, Tokyo Mainichi, for instance, says that if there when presented, with interest to date. Of the had been any complaint of inconvenience in £500,000 which we raised in Instalments by regard to the railway administration, there Debentures and Beeds something like one-fifth might be some necessity for placing the lines of it has already been min of. After the in the hands of the Powers. But no such com- 8th of next April only about £75,000 of the plaint has been made. Moreover, the question whole will reinsin to be redeemed; and Lat the control of the Manchurian railways is a after the 13th of next June the whole was not by offer Powelend Bula and of the Company's capital will be repm rger mall interf in Manchurin just be the large diriabaarar al to tak haat,

and re-organisation of a joint-stock company in holders to have a considerable

decided upon by the shareholders, and not by ospital at a fixed low rate of interest; but f when, outaiders. This comparison is rather interests in our case, the dividends have been less than ing and very instructive Evidently the the internet pale, there is no advantage. We Mainichi conndars that Maashuris should be therefore deculed, we had the money to pay under the control of a sort of Russo-Japanese of our Debentures and Bonds, and when w limited Bability company, possibly on the same require more capital for the development of our now as the Oriental Colonisation Company in vast property than is represented by one whores Korea. But joint-stock our paties do not even we can raise it either by increasing one share pretend to observe the open-door policy and capital or by the Jents of 4 per cent Govern the shareholders would have an indisputable ment Bonds Bat-this is a matter for tutaró right to obiect to outsiders attending a meeting consideration. At the moment we have more Indeed, they sometimes da, eren when the than enough money for our immediato, wants. outsider is only & Fries, representativo. But In fact, we have more at present than wa avar Japan and Russia have no reason to suppose had, and, what is even of greater importados, our that Manchuris is preserve of their own, revenue is responding very well to our efforts, from which "outsiders are to be excluded, in which have been loyally supported by the Gov. fact, it was ostensibly at losat-because Bustin ernor and our other numarona officials, all of Hold this view that Japan went to war. The whom are as eager to make our property as great.

a success financially se we are. Zus, indeed, emphasised the fact that prior to the war, the principle of the open door equal opportunity was a dead letter, and that until Japan Gught a great war with Husain for the maintenance of that policy, and for the preservation of peace in the Far East, the principle had navor been applied. This being the case, we do not see how the Mainichi can contend that only Japan and Russia are ondled to a voice on Manchurian affairs,

to carry forwaril s ance to meet the

will observe from the Becounts that expended 15.536.70 during the year, against $2.42054 in 1908 for ropnits. Notwithstanding this, another typhoon having Goured during the year under review, and further repairs, being still necessary, the net 50,000.00 returns as given in the accounts-now presented 79,000,00 to you still show a reduction which necessitates 424,567.41

a slightly reduced dirigend being raid to allow 103,602,60

Rebo carry forward stout the same amount as $1,860,170,01 was brought forward last year. Before moving the adoption of the raport and secuunta I shall be pleased to answer any question the sharehold ers may put

No questions were

us were asked, and the CHAIRMAN Eraposal that the report and accounts as pre- sented be adopted and passed.

MI ANTON Secorded, and the motion was

$1,338,898.02

$72,600,00

406,035.86

(Po. Un Godowns and other property) 8855,035.86 Lene on mortgage

0,000.00

2,000,00 98.00

2098.10 198.00

$1,900.00

Since expezided

Loss depreciation

ard was their inmmalent knowledge | Proportion of pren

piredt Bundry biors of English. Now for his smile. In the distant istorian period, when grante

Casa days of the mid were awarded in schools on results; it was the custom to fattan fowls for the London market. The practice was to proc

our wealthy Chinese friends, observing the torious purveyor of such compounds a fatteni incongruity of a structure consisting of two compound which the winga without a body, will hasten to fill the with dexterous fingers down the histus and so complete the edifice in manner the foris, and worthy of the great community in whose day by day until Interests it was inaugurated and for the bezelik dat had been put on to

this

of whoma cons Us work within its walls chickens, when they were sen carried on. The College team which entered

for the Hygiene Competition was successful in apturing the Shield for 1909 The results of the competition for the

yet beati

the teach

TROM

goed..

The objection to much

although it produced fatosan

will power and initiative,

sent year have not which no longer found favour among spparatus for uste Boys to-day were birds of

recen

In hand At Godowa

carried, nems Con, "

Mr. MacEano proposed that Bir Paul Chafer And My J. W. C. Bonar be re-elected director

Mr. MAITLAND Seconded, and the motion was agreed to.

It was proposed by Mr. MODE, and seconded by Mr. MAITLAND, that Mr J. Cox Edwards be re-elected andifor, and carried.

THE CHAIRMAN That is all the business,

"and

GROWTH OF THE REVENUE...

In this connection I may remind you that the revenue for 1918 amounted to £152,823, while

1,034.86 gentlemen. Thank you for your attendance,panese, despite the enormously greater dia of the revenue should be much more markedi

39,322.81 Dividend warrants will be ready to-morrow.

forned

ated

of

of the

THE JAPAN BEER BREWERY COMPANY.

the market.

for 1908,

expenditure for the samo poriod was £98,925 In 1900 the revenue was only £63,680, while the expenditore chargeable to revenca for de same period was £49,513. From these agures, it will be seen that, the average annust increase in the revenue for the The suggestion that the other Powers have last eight years has been, in round figures, only very small intereste in Manchuria is also £11,000 while the average annual incronas in contrary to the facts The field for trade the expenditure for the same period hen been development in Manchuris offers as many, if not only £5,000, or a little more than half the more, adiantages to the European and Amo increase in the reveaus. During the next rios manufacturer and merchant as to the eight years the diference of increase in favour

the Occidental trader from as one present, staff in Borneo is capable the market, always providing that the Ame handling a much larger revenue dans wo rican and European ander is given a fair have of present. Of

and concessiona THE HONGKONG LAND INVESTMENT field and no favour Great Britain, Germany £30,000 was for land sales and

and the United States hare quite as much At the dinner I said we had sold during AND AGENCY COMPANY, LTD.

the 47845

interest in the Manchurian market as The twenty feat ordins meeting of Japans and to suggest that these other the last few months 20,000 seres of land, which to any coffers £100,000; se, should our permang $1,660,170.01 shareholders in this Company was held the foreign interest compared with the with the benefits appertaining thereto, brought Japanees, are small and of little consequence, ent revenue alow the usual annual increase (wa ofices of the Company, Victoris uildings, yeɛ- is to bink the Zests, though perhaps the wish 13. believe it will), the receipts for the current year cass was in father to the thought. The Mainichi also asks should be very much in exesas of those of any terday afternoon, Hon. Mr. W.

being the United State world ascent to the previous your while, for the reason I hate Panama Canal being placed in the hands of the given, the expenditure should be little, if any. LÀ Biebs, powers, if Great Britain, France, Germany, thing, more than it was in 1908. In fact our W. Bandow Japan, and Huels made no objection. There may earnings should be more than double what (secretary), Mis no parallel whatever between the Panama Maulido, T. 1, Hose, Canal and Manchurik The United States has they were last year taken over the uaduished canal works for

Still, gentleman, I trust that you will not Vernon, IL Partyzan payment, and complates the work of con Oughs and A. Bryer.

action at Its own expensa, u sur American calculate with any grest degree of certainty on Secretary read the notice calling the enterprise, not from altruistic motives, but as getting a larger dividend than you got for 1908, as an increase in the dividend, if business speenlation with which outsiders certainly have no right to interfere. In any, for the current year will alracat entirely Manchuria, Japan has purchased nothing, for depend on the revenue receipts between now there has been nothing to bay. She has it is and next July. Before recommending

of leased payment of any increase in the dividend we true, come into telaporary posson

gods Talary, and the maturally, it always like to tell that we will benble to keep it territory AL BO her considerala interest in the development of up. You sit up draht zoantha we

country. But these possessions do not give ith a 1 per vent dividend for 1896, and com auch & propon dersing voies in Chinese- tinued this rate for two year. For son of the owned territory as most Japanese papers appear following seven years we paid 2 per cent, then to think she has, and in any discussion of the for 1905 and 1916 we paid 3 per cent, and for

foor question the outsiders those 1907 and 1908 we paid 4 per cent, each year open who have just as much right se Japon to share therefore, when we recommend the next increase the trade opportunities offered are unrely on we shall, as I have said, look forward to keeping titled to express as opinion as to what had best it up. Previous to the payment of these be done to ensure the offering of really equal dividends two of 23 per cent cool had been paid do all who care to soch for trade in out of our land sales. Then there were several opportunity

¿Confinsed on paga

the chair, other shareholders prese Paul Chater, Messrs. PAW

ErShelling, and

that Following is an abstract of the accounts of faire the Dai Nippon (Joran) Beer Brewery Compmary produce the second half of last year:--- schemo education Total receipts.

Total different

srpenditure

bon feather; in fact, so far from submitting to Not prot

3,154,156.38 Bui 2860.013.74

In future such treatment they have been known to Brought forward from last account 344,971.04

atudy of

save the farmyard and go to an option

yard. He went on to point out that hanwise for the masters to oram-for the boys to ich was open their mouth and the masters to do the rest. danoe at this das

hours, was The boys must realise that if they were going conducted after the regular olass

antary. The progress made by the to get good out of their school, and if they were during their short period of Instruo going to zoquire such knowledge as would tion wall exemplified by the specimens of enable them to successfully benefit from

course, they must sheet The restriot their work now on orbibitio

praventa aur - Fältwa

of the

The maste

Arning, but

students. from enjoying fint physical exercise nepomary to yonth. Football selve of it. That

Total

Jo reserve

Bonuses to officials. Dividend (12 per cent. per sun Carried to next secount

$357,

HOW TO BE BRAUTIFUL Keep plexion, Mrs. Ellen's Create Charmante, Lait Charmant and Special Ski Tonio and Po Charmant will enable you to do it. Her Specialities for the Bhis are the study of beni etime, A. B. Walon & Co, Lt Bola Agente

1483

meeting

Gentlemen,With your approved I propose to take the report and The balance sheet for the past

2 in the amoun

stands t No frosh

6:950 for

unt

I have been veed our Act being applied to draft With regard to k value shows an

the

Wanchai Gedownlandsight

THE DIVIDENDS.

tha