PREMIUM
■ BONDS
WE are the largest Dealers in the world in these attractive securities.
WHAT ARE THESE BONDS?
THE HONGKONG DAILY PRESS, THURSDAY, NOVEMBER 24rm, 1910.–
ך
They are high-less and absolutely sate securities, payable to bearer, issued by the Tries Governmenie and Monicipalities of Europe; they are redeemable at periodica drawings, either with Cash Frewitms varying from £40 to £40,000, or, at the very least. at their full nominal value
EASY PAYMENTS.
We sell these Bonds singly or in combinations of the most advantageous ones, payable by sonrealent Monthly Instalmoute ranging from 158. to £20. Write for Handbook, sert post frea. MELVILLE, GLYN & Co., Bankers, 3, Rue de la Bourse, PARIS (France). [886|
Sparkling Mineral
Pyeris
WINCARN
A.S WATSON & C°L!? HONGKONG CHINA & MANILA.
COLEMAN'S
WINCARNIS,
THE GREATEST TONIC IN THE WORLD.
WHAT IT las done for OTHERS it will DO FOR YOU 1ts refreshing and exhilarating affects are a revelation so those who base novor tried it before. "WINCARNIS has a charm all its own, which you cannot fail to appreciate,
The combination of all that is most nourishing in Boef and halt is
and in Rivernis give a TWO-POWER STANDARD that cannot be squalled for giving Strength and Stamina, Vitality and Force to Men, Womon and Children BUY IT TO - DAY
From any leading Chemist
MUSTARD & COMPANY.
Wholesale Distributor for China and Hongkong:
LABUAN COAL,
COMPANY MEETING.
CHINESE ENGINEERING AND MINING COMPANY, LTD
The ninth annual ordinary goueral meeting of the company was hold last month at Winchester House, Old Broad-street, Mr. W. F. Tummer presiding.
The Secretary (Mr. Alfred W. Borry) having read the notice calling the meeting and the auditors' report,
The Chairman said:-Gentlemen,--We will take the report and avoeunts as read, as is our custom at these meetings. The auditors' report
5
one of the greatest difficulties in the way of so0| AMERICA IN THE PHILIPPINES,|SUFFERED FOR YEARS FROM LIVER onload working, it telug scarcely possible at any
time to estimate the probable sales for a month
in
COMPLAINT. IMMEDIATE RELIEF, PAIN DISAPPRÄBE, APPETITN Regionen, Old Town V GOUR RETURNS.
Thus F TOWNSEND, Reg., speska of his
The W. H. Comstock Co.. LTD.
advance, the demand being effected by var THE AGITATION FOR INDEPEND- mus natural cans.
ENCE AND THE FLAG. Those conditions must. „always, of course, «xiąt,
The estimated quantity of coal in sight at the (FROM "THETIMES" SPECIAL, CORRESPONDENT.) ond of the year was 9,000,000 tons, which is
restoration, The one paramount question in the Philip. equal to soven or eight years' supply on the pre- sent scale of operations. We have given on pines is that of the permanence of American ralo. It lies at the root of all political discur- previous occasions estimates of the enormous quantities of coal in reserve which I need notion, and in a constantly disturbing for
to-day
Paragraph of the reportatates that the :
Gentlemen-I have been troubled with a bad
which you have heard real is in exactly the manager there is a large supply of cheap nativo best be given in the words of President Taft bean a God-send to mo. I would not be without
same terms as before."
GROSS AND NET PROFITS.
The gross profit in China for year to February 28, 1910, amounted to £245,000, being only a few hundred pounds short of the previon year. The interest, transfer fees and other small receipts are also a few hundred pounde less, so that the total to the credit of the profit and loss secount amounts to £243,903, as against
whenever
resalted in i
year
of the coal trade has been unfavourable timo past, and at prasant shows no sign of improvement, There has been a serious falling off in the losal sales, which is dus largely to the good orops 3 of the year causing a great reduction in the price of native task. The general eral states that experience has shown that fael, a considerable reduction in the soal sales resalta. During the past y
the good ratus and favourable climatic conditions generally in a hamper sammer crop, so that there was a considerable falling off in sales for the second half of the year compared with the sales which would have been made ander ordinary conditions. On the other hand, there has been a considerable extension of theoversea trade which, however, is much loss profitable that the home trala Imay mention, as showing the activity with now have a permanent representative in Japan, where we are laying the foundations of a large business, that a shipment of 5,000 tour of soal has recently been made to San Francisco 05.4 preliminary to opening up a trade on the Pacifle Cost, and that su agent has just been engaged o open up. business relations with the Dutch Indies. The general manager states that the Kallang crop for the present year is very good everywhere, and that the commercial depression cutus especially at Shanghai and in the
liver for years. The warm climate of Senik every undertaking, social or commercial Talk of Americs selling the Philippines to snother China is particularly prone to profuse this Power may be set aside as idle. She will do no complaint aal in common with others I have such thing; but, subject to the highly improb- suffered. A friend suggested Dr. Morse's able contingency of the islands being wrested Indian Root Pills. I tried them and received from har by force, she will remain in possession mediate beseft. The pain in my side and until such time as she sees fit to turn the land to back disappeared, my appetite was restored, sad the Fillpinos themselves, in accordance with her life, which had been a burdan, hu Become a joy. My old time rigour has returned. They are policy su orginally proclaimed. That policy can
them on any soconat. They keep me well and when he was Secretary of War:
strong, Shortly stated, the national policy is to gorern
Believe me, Gentlemen,
Youri most sinoeraly, the Philippine Telands for the benefit anil welfare and uplifting of the people of the
F. TOWNSEND. islands, and gradually to extend to them, as they shall show themselves fit to exercise it. a greater and greator measure of popular self- When the Filipino people government. as a whole show themselves reasonably it to conduct a populir self-government, maintainin law and order and offering equal protection of to rich and poor alike, and desire complete States. they shall be given it.
IS LIFE WORTH LIVING P "That depends on the Liver." This is an old adage, true in more than one sense.
When the liver is out of order life'is a
£244,967 in the previous year, a difference in wbloh the oversea trade is being developed, that wa/ the laws and civil dependance of the United spots floating before the eyes, constipation,
round figures of £1,000.
On the other hand, there is a reduction in the total expenses and charges shown on the other side of the account, which I need not go through in, detall, the result being that there is a oredit balance on the with 4210,938 £210,574 as compared the previous year. This amount has been applied follows:- £10,000 set aside for redemption of debentures, in accordance with the terms on which they
share for
the
in
a
south.
COMPETITION,
were ismed; £30.000 has been carried to the reserve for depreciation, leaving £170574 as lo the the not profit of the year carried balance-sheet,
Another cause of the present unfavourable Adding to this the amount brought forward from last year's socant, condition of the home trade is the competition £1,435, and deducting the income-tax to April which has been experienced from the Lanchow 5 last, £9,940, there remains a net figure in the Mines in the Koiping Basin, and from balance-sheet of £162,069 148, 2d. The interim the Japanese-owned mines in Manchuris, dividend of 1s. 6d. per share which war paid on In the directors report for the preceding We now year the shareholders vero informed that a May 2 last mounted to £75,000 propose to pay a further dividend of 1s. 50. per Chinese company was developing and equipping
free of income tax, making 15 per cent. coliery at Lauchow. Competition)
airently year (this being the fourth successive begun, and it has steadily increased with this year in which that dividend has been paid), and, increase of the output of the Lanchow Mines, after deducting the directors percentage, thero which, according to our information, must at
time amount to upwards the present
of 150,000 will be a balance of £5,012 4s. 3d. to carry forward to the current year,
tons per annum. In view of the close proximity of the Lanakow Mines, this competition assures a zations character. This question is intimately connected with that of the negotiations referred The balance-sheet contains very Uttle that alia for special comment. The
of the report, amount
end; therefore, ita not one 1004 be entered due to creditors at February 28 last was, in
into here in any detail. We are toand, however, a8 comparel with round figures, £90,000, £105,000 in the previous account. You will notice to say this much that, should the negotiations that the amount of debentures outstanding in question not result in s settlement, it will be
in
of the board to take drastic measures haar increased from 391,460
the duty the pavions
to deal with this competition, Lovever seriously to £430,000 in the one before us, balance-sheet
sieb measures might affect the profts of the that is, sa increase of £38,540. This is ac
for the time being. counted for by the redemption of the annual company
of £10,000 of debentures and the reissues of
As regards the port next
THE BALANCE SHEET...
•
fo in the following which
This is clear and unequivocal; but it shanid be noted that the question of the "fitness" of the Filipinos for self-government at any given time is maiter solely for the decision of the Congress of the United States. If it restel with the Filipinos themselves they would be independent now
burden. Headache, loss of appetite, farred tongue, bad breath, bad taste in the mouth, lose, of vigour followed by TOPG
67% the result of an Inactivo ymptoms liver. Dr. Morre's Indian Root Fills have a world-wide reputation THE GREAT and DIGESTIVE LIVER REMEDY TONIC.
They secure regularily of the howels, nativity of the kidneys, purity of the blood, and impart strength and vigour to the whole system. They are a safe and reliable remedy for both sexes and all ages.
For sale by all Druggists, Chemists and Medicine Dealers.
WATKINS, LTD., Wholesale and Retail Agents, Hongkong.
Whereas the Philippine uation, being posis tively convinced that it posses the actual civilized capacity for self-government as B nation, aspires ardently to be independent...
So begins a resolation adopted by the first Philippine Assembly (the ulected legislative Chamber of the islands) for presentation to Con gresa; but meanwhile the Government proceeds 1313] 18 if the islands wors
wore an ent portion of the territories of the United State, and the Filipinos are expected to regard the Stars and Stripes as their national Rng. The use of the fing in the islands is in- deed characteristically American and interest- Ingly paradoxical.
integral and perman-
THE STAR SPANGLED HANNER, If you visit Bilibid Prison in the city of Manila on any afternoon you may in the exor- clses at evening parade witness a most interest- ing exhibition of prison discipline. The prison covers an area of 17 sores, and is said, whether truthfully or not, to be the largest in the world. In the open piszs below the central watch-tower in the prison enclosure is stationed the prison band of 50 pieces. In the tower stands Director, or Assistant Director, with three or four of the prison oficials, flanked by the visitore of the day. From the plaza bolow 16 wide avenues radiate in as many directions between blocks of buildings, so that those looking from
£48,540 of debentures which had previously been with the subject of the paragraphs dealing the tower-top have the whole plan of the prison)
begotiations,
than we And in
in each avenus a party or "pection" of
purebased and
been purchased on the market some fire or six discount the years ago, when they stood at company at that time having amplo fands, and
of leating purchase instead
the by making that money on deposit at the company's backers we No. 22, Mum Road, Corner of Soochow Road, Shanghai. [719 made a proot in arter to replace to some extent of about £2,000. They have now the large capital expenditure which appears on the other side of the account. The debenture interest accrued to February 28 speaks for itself. The reserve for redemption of deben- Lorca has, of course, been increased by £10,000, the reserve for depreciation by £30,000, making a total of £245,000, and the archange Booonat has been reduced to. £65,000, the total of these three resorve accounts being £81,872, as compared with £352,423 in the previous balance-sheet.
TOTICE—MIS COAL
cha only be
Nobtained from. TUB LARGA COAL, FIELDS CO., LA, who are prepared Supply FRESH COAL straight from the Minor Steamers load the Wharvas. Quick despatch Telegrams: Labor Lubnan."
BRADLEY & Co., Agenta. Hongkong, 13th August, 1909.
(1278
As SUPPLED TO THE HOUSE OF LORDS AND HOUSE OF COMMONS
THORNE'S
OLD VAT
BANG YET WAS FAMIEN SY TuS LATE MOREN TABANG
'ERIBUNCHUD HAD SEEN SOLO NA MI DOES IN
SCOTCH WHISKY.
IDLE-AGENTO S36
HONG KOIG. CHINA & MINH LAO
A. S WATSON & COLTE.
1217
FOR
NERVOUS EXHAUSTION
LOSS
of
MEMORY
und
DEBILITI
and
to
feat the WEAVES
CHAPOTEAUT'S PHOSPHO-CLYCHRATE OP SIME
It incutres vital energy and servo force, ares #earasthenia, DOWNLO Inomata, tad museous diseases in sanita Rnd hidren.
--IN CAZULER, IN WHIÉ, AND 16 STRIP-
108.4]
M'
MARTIN'S
SA PIOL &STEEL
Franch Bamaly for all læragolurition. bensands of Ladına siwijs keep a box of Mənim is in the house, sokaken the trai Sign of Any Kirstiarity of the spalam a
·kaadininkesered. Those who
|
PINES POLA item, banca Uhaleonór.
Nanque sale. All diventata and Biores sell them Throughout in Warid, or poss tres Bie MARTIN, Chimit, Houshamgian, Ang
MARTIN'S
APIOL & STEEL
PILLS
ITSU BISHI GOSHI KWAISHA.
(MITSU BISHI CO.) COAL DEPARTMENT.
SOLE PROPRIETORS of TAKASIMA
OCHI, MUTABE, HOJO, NAMAZUTA, BAYO, SHINNEW and KAMIYAMADA, Collieries.
SOLE AGENTS FOR KISHIDAKE, NIYAO and KIGYO KOMATSU Coals.
HEAD OFFICE—MARUNOUCHI, TOKYO.
BRANCH OFFICES:-NAGASAKI, MOJI, KARATSU, WAKAMATSU, KOBE, OSAKA, SHANGHAI, HONGKONG, HANKOW.
Cable addresses for abore, "IWASAKI "
On the other side, the cash at bankers and
in hand, £81,068, the debtors, £61,232; Insurance premiume paid in advance, £3,186; stores on hand and in transit, £86,993; and the live stock, £4,693, do not show any material cbange
with the corresponding garas compared of the provious The stock of coal and coke, however, shows an increase, the amount being his represents a stock of 179,496 tons being £55,394, as against £34,985 the year ot onal and 394 tons of coke at February 28 last,
before.
year..
tons of coke in the previous year.
THE OUTPUT OF COAL
is
સફ
number of prisoners, to
to the strains of the band, gees there stated. We have received letters from shareholders aaking a variety of through a complicated drill with excellent per questione in regard to these negotiations. It nision. In all there may be any number from quite natural that these questions should be 2500 to 5,000 prisoners at drill, divided into asked, but you will easily understand, on the sections of between 200 and 300 each; except
impossible for us to onter
that
оте section only contains, perhaps, no more into detail with due regard to the shareholders other hand, that
than 15 or 20 me
members But those 15 or 20 ure interests. The board have carefully considered white men
Americana. At the close of the the pastion of hot muola information could drill the band plays "The Star Spangled
Bauner," while Bil
present,
visitore, prisoners, be safely afforded, and the result of that con-
and officials alike, stand bareheaded or at the aideration you will find in the report.
is impossible not te wouder salate; and it is
What the sensations may be of that handful of white striped convict man, standing there in their cloches, before the eyesof some thousands of n-
bars tives, saluting the flag which they h They are not so far away but that they do indivi dually recognizable from the tower-top, and they
THE LANGHOW MINES: IMPORTANT NEGOTIA-
TIONS..
The negotiations which were on foot at the time of the last metin of the shareholders led to me resalt. Subsequently, on the advice of the British Government, the company sreed to refer to arbitration the gaestion whether the Lanchow Company was entitled to work any part of the Kaiping Coalfield; if not, what damages should be paid for their past action, and if they were entitled to-work in the coal Bold, on what forms should the two companies be amalgamated. This proposal, which was made to the Chines Government by the British Minister, also led to no result.
In the month of April last a proposal way made to the company by the representatives of
NAPIER JOHNSTONES'
"SQUARE BOTTLE”
WHISKY.
BEWARE OF
UNVARIED FOR.
THE SAME
TO-DAY
AS IN 1745,
150 YEARS.
IMITATIONS.
BOLE AGENTS IN HONGKONG,
is tarn must ses the forms of their outrymmen LANE, CRAWFORD & CO.,
be
ep there against the sky and the latter of white skirts of countrywomen who may perhaps, have been friends of theirs in the old days. To a man of sensibility it must exquisite tortura to be pilloried there during the playing of the air which is so full of serocia- tions for every American; and if it is humilia- tion to the American, what is the meaning of the air, what is the message of the dag, to the Filipino prisoners ?
THE CELEBRATION OF INDEPENDENCE DAY. by Imperial Decree of the Chinese
On the 4th of last July as in preceding years) mant, to terminate the disputes betwcoco oslebrations of the custom y American bind Government and the company, which offered
and from ALL Wiss MerchaNTO. [46
HONGKONG TIDE TABLE.
From November 241b to 80 b, 1910,
HAK WATER.
Hongkong Weight! Men Tim
Low Warza,
Bordighb
Mean Time
-In,
Thir
24
100%
No Inferior
TH
24
". 15
4
20
单
7 I
z:
8 11
ப
81
70.
2$
12.
80
Fire
0 7
8 21■
STA
compared with 108,664 tons of coal and 1,340 the Viceroy of Chibli, who had been offer The next two items-property, sights, and undertaking of the company and steers ac- count are unchanged. The capital expenditure, two forms of esttlement, one mode being the were held throughout the islande. The 4th of which stood at £633,274 in the last balance-sue of Chinese Government boods against the July is Independence Day, and its observance transfer of the company's property and under-commemorates the winning of their independ sheet, has been increased by £26.540, and now stands at £659,765. The expenditure during taking, the other being an arasigarastion of this once by the Amariean colonies. There would the year, however, compares with £47,00 in the company with Lanchos Company. The latter in the surface appear to be obvious difficulties celebrating the day with any heartiness impracticable.
which in its previous year, and we expect to see a still further proposal was found to be quite
turn is, at least a people reduction in course of the current year. The board has agreed to discuss the former amid a
ostensibly, yearning to be independent; aud proposal in principle, but up The present an agreement has not been arrived at either as the Fourth of July orator in the Philippines 0.
observanes regards the form, the amount, or the term of has in truth a delicate task. Bat, so far as many Filipinos join the proposed bende Negotiations ara a proceeding, with the so-istance of the British in the ceremonies. This year in the city of in divided sa gigantic procession Government.
Thess negotiations have closely occupied the into two sections, a military and s civio, which done credit to city attention of the board prastically throu hout in length, in orderliness, and slaborsteness of the year. The board, while strongly inaintain organization would ing the validity of the company's title to in the United States. In the military section
four battalions of the Philippine Scoate; its various properties and Sales, Output
miniog the Kaiping might be rights which it plsims in
force with a record of which any whi's regiment to 1,000.201 $914,978
prond, and composed, eren Basin, have throughoat taken up a conciliatory some of the commissioned officers, of
of Filipinos. 1,177,570 959,309
attitude towards the Chinesa Government and
the civic section there msrohed Ia 1,226,069 1.149,336
they have beea, and continue to be, prepared 1909-10 ... ... 1,359,502 1,231,481
The report states that the outpat of coal for the year shows an increase of 133,432 tens, whilst the sales show an increase of 85.783 tons, both the output and sales being the largest yet at- The totals for the year are ntpat tained. 1,359,502 tons, sales 1,231,481 tone. I will give you the figures for the past four years, as I did on the occasion of the last meeting :-
1906-7 1907-8
www
1901-9
they
to the
outward
Manila there was a
wore
ADY
HONGKONG METEOROLOGICAL,
BEAUTER,
Hongkong Obervatory, Now mber 39rd
Jer oras Dar: On Das ab) On Date
104,0.
stp
80,03
30.08
29,95
73
70
67
62
East North
2
ત્
Barom-ter
flom ty
admirably
Wind Direction
of
Wother.....
Ralo.......
of the tion resembling some of our British Colonial The cost of production per ton was further give careful consideration to any proposal whick detachment of the constabulary, su organis Codos, AI, ABC 5th Ed., Western Union. I redpoed during the year, as had been anticipated, 2 can recommend to the acceptance of mi-military police forces for perhaps more Temperature ...
The proposals which have so far dosely the Mexican shareholders.
urales),
consisting of All this must, we think, be regarded as satisfac.boon reenived from the Chinese Government
involta p would
greater sacrifice on the part of Filipines, which preserves order The agent and general manager reports that the shareholders than they can be asked to bear, throughout the Christian islands. There were throughout the year
the output has been limited as, in the opinion of the directors, they fail to also some, hundreds of Filipino employés the sales only, and that the statements made far short of a reasonable valuation of the various Government depar menta. There was a braka-load of Filipino girls who had recently in his provious reports regarding the total caps company's undertaking as demonstrated by the
output still hold good, although eity for
rasults which have been obtained for years past. won their diplomass as hospital nurses. Erary- the parade, opportunity has not yet ocenrred to mat them It is possible, however, that the Chiness There, throughout the longth of the permanently to the test. At Tongsban it bas Government may, after further consideration of fiattered the Stars and Stripes, the flag been found that a daily output of 2,700 tons can the obvious facts of the case, see their way to freedom; and beneath it, in the rent of mit
cellaneous vehicles which brought up the rear. bo maintained without difflenlty.
has been "It been amend their proposals in such a manner of the procession, larre si us here and there ascertained by experience that a simile output to result in a definite echome which the dir-of
cangbt the
AGENCIES:-
tory.
YOKOHAMA, M. Asada, Esq.
CHINKIANG: Messrs. Gearing & Co. MANILA: Mesis. MaconDRAY & CO
by
For Particulars apply ta
H. OISHI,
Manager,
No. 2, Pelder, Street, Hongkong.
Hongkong, 9th January, 1909.
1574
轻新外中港香
(Chimie Daily_Press),
PUBLISHED DAILY,
In the oldest and still immeasurably the bo
Advertising medium among the
Native Community.
the
Inde- "Liberty or Death!" ardless of Race, Creed, or Colour!" ft pendence re
to makes a minimum total of 6,001 tons per day, the directers to decide the policy to be adopted There are Americans in thehilippines who
can be obtained at Linst whilst from the north-ectors may feel justified in.recommend ng for denendo We Domond Immediate west shaft at Tongsban SD output your acceptance. In the lternative, the share-
of 600 tons per day is easily obtainable. This holders will doubtless be prepared
the
leave
least, the Fourth of July were to be a little less demonstratively celebrated.
Highest open air Temperature en 22ad....75 Lowest on air T- mperature on 22ad56
ON SALE.
A TABLE OF THI
RATES OF EXCHANGE
AT HONGKONG
-YOB
DEMAND DRAFTS. ON BOMBAY
Silver
which is equal to at least 2,000,000 tons per and the course of notion that it may be necessary think that it might be wiser it, for a time at unum-that is to say, the minee, s equipped to take in defence of the interests of the today.
of an output are expable
50 per cent, în company.
· SCHOOL' CHILDSEN AND THE ILAG. I now beg to move. That the directors' CHUNG NGOL SAX FORs of what a at present required
Threo weeks later, on July 25, Manila was Considerable difficulty was experienced during report and accounts be, and they are hereby.
year in regulating the supply to the demand. reoaived and adopted, and that a further dividend again en fte in honour of Mr. John On the Day Preceding the Departure of the In the early part of the year the sales came up be declared of 1s. 6d. per share, making 15 per Dickinson, United States Secretary of War, English Mails from the Year of the Closing to expectations, and considerable stooks were cent. for the year, free of income-tax, payable who had arrived in the islands on the preceding of the Indian Mints to the Free Coinags of allowed to accumulate in. anticipation of son. Noverober 2, 1910."
As one part of the festiviti a body of normal increase in the demand in the autumn.
Ame ican children Sir H. H. Jorningham, K.C.M.G., 5,000 Filpino school That demand, however, did not an up to conded the motion, which was at once carried patriotic songs, massed in a huge open-air expectations, and the result was that the year ananimously without discussion.
grand-stand, Among the songs was" Hurrah closed with a stock of 184,000 t, compared The retiring directors-Mesars, Chariss Dal for the Red, White, and Blue," which, by a with 108,000 tons at the end of the previous year, sar, Edmund Davis, Enila Franoqui, and curlons process of ap popriation, the American a bad already been stated. Consequently it has Herbert Clark Hoover were re-elected, as people has of late years come to cherish as one boga necessary to reduce the output daring were also the auditors, Meurs. Arosa, Dexter, of its most popular and most distinctively American national air. The 5,000-children the current year. The general ausger states & Co. that the fluctuations of the coal market form The proceedings them terminated.
(Continued on Page 7)
Established for over Færrr YIRS Circulates largely throughout Southern Chin
Indo-Chins, str.
Terzus for Advertising (Translation Free) me be obtained at the Offles, 10A, Des Faux Road Central, Hongkong 131, Flest Street, London, or from the different; Agents.
Doetzmenta translated from or into Clamim
er Colloquial China.
sang
RATES
FROM 1893 TO 1905;
ALBO
FOR SOVEREIGNS, GOLD LEAF, BAR SILVER (From 1900), and other Useful Information.
PRICE: $1 Cash.
On Sale at the. “Fair Pameu” Offer, ér Local Booksellers.
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