1912-05-09 — Page 5

Page

Cable Talmer &

NAPIER JOHNSTONES'

"SQUARE BOTTLE"

WHISKY.

UNVARIED FOR OVER

150 YEARS.

THE SAME TO-DAY AS IN 1745.

BEWARE OF IMITATIONS.

SOLE AGENTS IN HONGKONG.

LANE, CRAWFORD & 00.,|

and from Azz WIFE MERCHANTS.

As a Rule you find that the longer people have used it, the less inclined they are to go without it.

(62

Calvert's

Gooth Powder.

They know they can tall from their teeth-how well the denti- frice does what they want, that food particles are never allowed to accumulate round teeth which are kept so beautifully clean. Then it contains the antiseptic properties needed, and it polishes without scratching the enamel. and is distinctly pleasant to use. Your local Chemist or Store is sure to stock and sell i F.C. CALVERT & Co., Manchester, Eng.

MARTIN'S

OSTEEL

APIOL PILLS

471-1

· Passady for sillprägularitiqu

stille in the bovan, na kivel at Mas Best was of say Lerngaladly of the Hyala a Junity den may be nônimisferal, Thinker wha not the 200cm mend them, hasar iberenar

M All Omniała adů Siaran meli Sa

the World On, Bo

HANJE OK/ WMA,

MARTIN'S

pant has Sma

APIOL &STEEL KOPILLS

FOR

NERVOUS EXHAUSTION

LOSS

MEMORY

DEBILITY

and

ford the NERVES

CHAPOTEAUT'S PHOSPHO-CLYCERATE OP LINE

It increases vital energy and nerve force, cures Heurasthenia, Byspapala, fammata, and norvége diseases'in adults and hildren.

IN CAPSULES, IN WINE, AND IN SYRUP

ON

SALE

AT THE

113-4)

COMPANY MEETINGS.

THE YAKOTAZE INSURANCE. ASSOCIATION;

LIMITED,

The twenty-second ordinary general meeting of shareholders was held in the offices of the Company, The Bund, Shang hai, on the 30th ult., Mr. J. M. Young There were also occupying the chair." present: Messrs. H.J. Such, C.-W. Wright- son, W. S. Livingstone, and the Secretary, Mr. W. 8. Jackson. After the notice call- ing the meeting had been read, the Chair man said:

Gentlemen, The report and accounts for the year ended on December 30th, 1911, having been in your hands for suuse time, may, I presume, be taken as read, but before formally proposing the adop tion and passing of enme I propose to make a few remarks, as customary on these occasions, on the course of our busi- ness since we met on April 11th, last year. I will be as brief as possible and not take up more of your time than is necessary in explaining those figures in the report and accounts, which I think may interest Your directors are pleased to be able to present to you an account showing, what they feel sure you will consider, satisfactory results, taking into considera- tion the fact that we have passed through a year characterised by the. Revolution in China, war in Europe, labour strikes in England and other countries and by serious disastere to many first class steam- ers. I will first refer you to the working The account 1910 and former years.

you.

balance at credit of the account is 8253,659.67 and your directors hope you will accept the division of that balance as recommended in the report, viz. :--

A dividend of 20 per cent, to

shareholders ($1200 per share) 8144,000

To credit of R/Insurance Re-A

serve Fund.......

-50,000 10,000

To credit of building reserve fund

THE HONGKONG DAILY PRESS. THURSDAY, MAY 9TH, 1912,

WM.

POWELL, ENGLISH

LTD.

TELEPHONE 346.

DRAPERS MILLINERS,

OUTFITTERS,

COMPLETE HOUSE

FURNISHERS, etc.

NEW ADDRESS,

12 DES VEUX ROAD CENTRAL.

(Opposite their Old Premises).

Wm. Powell, Ltd.,

1636

leaving a balance to be carried forward future, and that not only the association, this year. The shareholders had been ad-

of 849,652.87, which, although not so large a balance as carried forward last year, is, we. consider, more than sufficient to meet any outstanding known losses and claims against 1916 and former years..

Reserve funds-The reserve fund re-

mains at $1,000,000, and the R/insurance reserve fund, which has been increased during the year by $2,903,91, will, with the zealous and efficient manner in which the delivery during January to December of addition of the 850,000 proposed in the report, amount to $488,405.39. The build ing reserve fund, after being credited with the $10,000 as recommended in the report, will amount to $50,000.

Working Account 1911. The net premia earned during the year ended December 30th, 1911, After deducting all return premia, R/insurance premia, etc., amount to $1,400,127.74, which is a falling off of 8119,491,87 as compared with the previous 12 months. I think it is hardly necessary for me to explain the reason for that fall ing off, as most of you, being merchants and business men, are aware of the fact tant 1911 was a year characterised by almost universal depression in business, not only in China but in many other parts of the world. I feel satisfied that not- withstanding the falling off in the amount of premia earned by the association dur ing last year, we have a larger number of constituents than ever before, and I think we only have to wait for the Government the money market and business circles to

of China to be settled and confidence in be restored to confirm my statement and prove that the association is still going ahead by showing a larger premium in- come year by year. The balance at credit of working account 1011 amounts to $814,035.81, and although this shows o de- erease of $122,172.16 as compared with the previous year, I am pleased to say the losses and claims pending settlement and also the risks unexpired are consider ably less than they were at this time last year, and your directors feel quite satis fied in recommending the payment of a

t

RECORDS, to be had

ONLY from ROBINSON'S

50 EACH.

$1,5

NOTE THEY ARE

DOUBLE-SIDED.

PARCELS ON APPROVAL.

94-2]

STARS

of the

LONDON MUSIC HALLS.

WILKIE

BARD,

LITTLE TICH, GEOL GE FORMBY, BILLY WILLIAMS, GEORGE GLOSSMITE, ALBERT WHELAN, WHIT (UNLIFFE.

GARNER, QUELCH & Co.,

WINE MERCHANTS,

DES

VŒUX ROAD

CENTRAL,

TELEPHONE. 636.

Supply the Highest Quality WINES, SPIRITS, CIGARS

All Wines and Spirits bottled in Europe by Shippers of

TO LET

TO LET.

[128

TO LET

TO LET.

in KING'S BUILDING

to say that there was a marked reduction for, will be realised in the very near

in the cost for January and February of but its shareholders, its constituents and friends, will all benefit thereby, and that vised of their forward sales of rubber, and the position at this date was that they 1918 will be a prosperous year for us ail

had sold and delivered of this year's crop now come to what has

6,8271b. at an average groas price of 58. In conclusion always been the pleasantest part of mold. per lb., and there remained to be duty at these annual general meetings of delivered this year under forward con- the shareholders, and that is to report the tracta 30,5081b, at an average price of 48. Bid. per ib. They had also sold, for Board's uninterrupted satisfaction with the

next year, 23,880lb. at an average price business of the association has been con-

of 48. 8id per lb. During the year a ducted by Mr. Jackson and our most ex-

Burvey of the planted area was made by cellent staff. I have also great pleasure in stating that under Mr. Blackwell in

Messrs. Kinney and Sona, a well-known London our businese shows satisfactory firm of surveyors, and the result of their

At all our agencies in

work showed a surplus area under cultiva- AND CIGARETTES obtainable, consistent with price expansion. different parts of the world we are happy tion of eight acres. The only extension in our representatives. Although the ac

undertaken during the year was 19 acres. adjoining the assistant's bungalow on counts submitted to-day show that the results so far ascertained are not quite Sungei Tankes, which was opened up equal to those of the Inst year's, they are only very little behind, and as the pending positively on the grounds of health. The World-wide reputation.

acres under rubber and 1,048 acres un- and estimated losses of 1911 are smaller at the end of last year was 1,223 than last year may even improve upon pre cultivated. They did not contemplute any extensions during the year, but they had sent showing, I think under the cir- cumstances the results are wonderfully considerable area which was available for extension, and their policy should be good and enable shareholders to receive the same dividondo as for some years past gradually to extend out of profits the cul and that you will mark your appreciation tivated area to 1,700 or 1,800 acres, and by voting a bonus to the staff, the same as last year, & resolution to which effect thereby reduce the capital cost per acre to about £20. He believed they would be I shall have the pleasure of submitting able to do this and give very satisfactoryBUKNOR," 116. The PEAK, Furnished dividends. The capital cost to date was Before placing the resolution for passing 28 128. 6d. per acre-a very low figure. the report and accounts before you, I will They had definitely decided to join with Ask the secretary to read the auditors' re the Inchkenneth and other companies in a port on same, as that is now required by joint factory scheme and in a scheme for the establishment of a central hospital, the new "Ordinances of Hongkong.

both of which would be advantageous to

Will be converted their company. The factory company had DEACONSFIELD. been registered in Belangor as the Kajang Into a First Class Boarding House with OFFICE Central Rubber Factory (Limited), and Large Dining Room, Thirty Bedrooms and their company had subscribed for 2,000, Eighteen Bathrooms. Plans to be seen at our shares of $10 each. A very favourable site Office. had been acquired almost adjoining Apply Kajang Railway Station, and it was pro posed to connect the factory with the rail- way station by a siding, which would mean a large saving in transport and the have the factory in running order by June- next. The estimated capital expenditure for this scheme was based on a contri- bution of $7 per cultivated acre. The pro- posed contribution by their company was 88,500, or, say, £1,000. Mr. William Dun can, the general manager of the Straits Rubber Company, visited the estate in February last, and reported the Glenshiel Ratate to be in excellent condition and the growth of the trees to be excellent. Sungei Tankas Estate he said the growth of the trees was also good, and, generally speaking, he saw a great all-round im provement since his visit in February, 1911.

in due course.

GLENSHIEL RUBBER ESTATES COMPANY (LIMITED)..

SATISFACTORY RESULTS AND ENCOURAGING PROSPECTS.

The Fourth Annual General Meeting of the company was held on the 11th alt at Winchester House, E.C., Mr. Edward

special dividend of $3 per share (equal 5%, Lawrence Hamilton (chairman of the com-handling of the crop... It was hoped to

pany) presiding.

for July and August. Aptly...

MAJOR TULLOCH,

Head Quarters Cffice. Hongkong, 29th April, 1912.

[628

TO LET.

LINSTEAD & DAVIS,

Alexandra Buildings. Hongkong, 20th March, 1912,

[481

TO LET.

NOMFORTABLE FLATS. Furnished or Unfaribed, with Two Bathrooms and Kitchen attached: Electric fittings.

H. BUTTONJEE, Hongkong, 7th May, 1912.

Royal George Hotel.

On OFFICES

TO LET

(675

on 3rd Floor. Hotel Mansiona "facing Harbour. OFFICES on 1st Floor, Hotel Mansione.

Apply to

HENRY HUMPHREYS, Alexandrs Buildings. Hongkong, 12th March, 1912.

TO LET.

(388

Mr. E. A. Bennett seconded the adop- tion of the report, which was adopted without discussion; and a dividend of 20. per cant. having been declared the pro- A Kobe, Japan). FULLY FURNISHED ceedings terminated.

As SUPPLIED TO THE HOUSE OF LOBLS AND HOUSE OF COMMONS

THORNE'S

T ROKKOSAN (on the heights behind BUNGALOW-1 Large Living Room, 6 Bedrooms, 4 Bath Rooms, usual Kitchen and Season (May/October) inclusive. Serranis Quarters, Rent, You 600 for the

FULLY FURNISHED BUNGALOW- Living Room, 5 Bed and 3 Bath Rooms, Kitchen and Servants Quarters. Rent, Ten 500 for tho Season.

on the paid-up capital) out of interest earned during 1911, which, with the divi The Secretary (Mr. Percy E. L. Taylor) dend of 20 per cent, as recommended in read the notice convening the meeting.

Apply to- The Chairman, in moving the adoption the report to be paid out of the balance for working account 1910 and former of the report, said that the result of the years. will make a dividend to share-year's working disclosed a profit of £8,864, which he hoped would be considered satis holders of 25 per cent, which I feel sure you will consider satisfactory.

Having referred to the figures factory. Exchange and investment fluctuation in the balance sheet, he said it was account. This acount, after being debit estimated that it would require about a ed with 342,054.28 to meet the deprecia further £5,000 to bring to maturity the tion in the valuation of the association's existing cultivated area. The crop of rub- gold and silver investments on December ber harvested in 1911 was 89,0951b. and 30th last, shows a balance at credit of the gross price realized was 55. 3-66d. per 888,505.44. The amount invested in loans 1b. The general manager's original on mortgages of real estate on December estimate was 109,700lb., and the shortage 30th last was 8447,046.30. Your directors was therefore 20,605lb., which might be a are satisfied that the mortgages are good little disappointing to some of them; but, and that the money advanced is well as stated at their last meeting, the board's secured. A list of the association's invest instructions were that on no account were ments lies on the table should any share the trees to be harassed in order to get holders wish to see it. In regard to the the estimate; safe tapping must be done outlook of the current year, I presume it at any cost. In a year of abnormal will dot surprise you to learn that your drought such as had been experienced in association is interested in the recently 1811 moderate tapping was more than ever reported losses of steamers of first class necessary. It was not until October that lines. Nearly every Marine Insurance the treea really recovered from the effects Company is more or less heavily interest-

of the prolonged dry weather, and this was ed, and I have every reason to hope and borne out by the fact that the yield for believe that these heavy loges will be the the last three months of the year was means of bringing about closer co-opera- 33,761lb., against 55,334lb. for the previous The general manager' tion amongst underwriters and of per- nine months.

current year manently raising rates of premium all estimate for the round, and also of reducing, to some ex 185,500lb. This was a considerable in- tont, the keercompetition which has exist crease to look for and, although the gen ed of late years. The association's interest oral manager appeared to be confident in the loss of the P. & O. str. Oceana that he would get it, he (the chairman) was inclined to put the estimate at a come- which was sunk in the English Channel was principally gold and silver, and I am what lower figure, especially as the out- very pleased to be able to inform you that put for the first three months of the year .we have received information by enhle was 23,700lb, against the general man from our London agent to the effect that ager's estimate of 29,500lb. for that períod alf the gold has been salved from the Taking theist steamer and about 37 per cent of the over the whole year, the total crop should silver has been salved up-to-date, and it be 158,000lb., which, if attained, should is expected that the whole of, the re- be considered as quite satisfactory. The cost of the rubber harvested worked out at just under 28. 108. per lb., free an board, which was undoubtedly high. was due partly to the expensive clearing up of the estates, and it was also sccount- ed for, in a large measure, by the drought affecting the yield from the young trees, and. as they were aware, they had as rot. practically no old rubber giving, high yields per tree to belp to reduce the aver age cost per lb.

HONGKONG DAILY PRESS mainder of the silver on board will be

OFFICE.

NEW AND UP-TO-DATE PLANS OF THE SI-KIANG

OR

WEST RIVER,

PRICE ONE DOLLAR.

iving all the Important Towns an conte

from CANTON 20 AESHOW-

recovered within a month and that the expenses of the salvage operations will probably be under 30 per cent. The news is highly satisfactory. It is too early to form an opinion as to the result of 1918, but the association having been establish ed in 1862 this is its Jubilee year, and we must hope that the losses during the re- mainder of this year will be below normal and so enable us to place before you a record report when we meet about this time next year.

I need hardly add that I hope the state of affairs in China will shortly be settled, and that the improvement in trade gen erally, which we have been so long hoping

wax

It

THE YIELD OF RUBBER The average number of trees tapped during the year was 73.895 and the aver

As the age yield per tree was 1-21lb. yield per tree increased the cost per lb, should decrease rapidly, and he was glad

OLD VAT

No. 4.

This vat was started by the late Robert Thorn of Greenock and has been sold an No. 4 since 1831

SCOTCH WHISKY

SOLE AGENTS IN

HONGKONG, CHINA & MANILA A. 8. WATSON & Co., LTD.

This BUNGALOW could be divided to suit Two Small Families, gising each # Dining Room and Two Bath Rooms.

Apply to

WHYMARK, AILION & CROMBIE,

Auctioneers and Estate Agents, No. 72, Kyo Machi, Kobe, Japan:

620]

TO LET

FFICE in Alexandra Buildings.

Apply

A. 8. WATSON & Co, L., Alexandra Buildinga. Hongkong 26th February 1912.

TO LET.

OFFICES

Apply to

THE HONGKONG LAND INVEST".

MENT & AGENCY CO. LD. Hongkong, lit May, 1912.

(12)

TO LET.

FFICES and GODOWNS Dudell

Street.

No. 12, BEACONSFIELD ARCADE, First Floor, No. 13,

First Floor.

BEACONSFIELD ARCADE,

WESTWARD HO," No. 13, Bonham Road, with Garden,

"BOGATE" Austin Road, Kowloon, from 1st April.

Apply to LINSTEAD & DAVIS,

3rd Floor, Alexandra Baüdine. Hongkong, let May, 1912.

*122

TO BE LET, ON OR ABOUT 1ST MAY, 1912.

SHOPS and OFFICE, in Alex- andra Buildings, adjoining the Hongkong Dispensary, at present occupied by Messrs. Wm. Powell, Ltd.

A. 8. WATSON & Co., LTD.,

Alexandra Buildings. Wongkong, 29th August, 1911.

1123

TO LET.

ODOWN, No. 4, Now Praya, Keanedɔ,

Town. Apply

THE HONGKONG LAND INVEST- MENT & AGENCY CO., LD.

120 Hongkong. Ist May. 1912.

TO LET.

2ND FLOOR, No 2, PEDDER STREET. FFICES at present occupied by 0.8.

Conzul-General.

OFFICES at present occupied by T.S. Public Health and Marine Hospital Servico.:

Can be divided le suit tenants.

JARDINE, MATHESON & Co., LTD. [632 Hongkong, 30th April, 1912.

(367 R1st June,

HOP with GODOWN attached, Nathas

Road, Kowloon,

[538

KOWLOON MARINE LOT 48

WHARF.

Apply to- HUMPHREYS ESTATE & FINANCE

.Co, LTD. Hongkong, 18th April, 1912

[5/25

FOR SALE AB COMPRESSOR with ELECTRIC WID FITTINGS. T increase ordinary lighting power by 25 per cent. without extra cost. Apply

MANAGER, Hongkong Daily Press" Office Hongkong, 13th March, 1912

TO LET.

DANFURLY, 11, Conduit Road. From

Apply

"TITE HONGKONG LAND INVEST-

MENT AND AGENCY Co., LTD.

[683 Hongkong, 8th May, 1912.

WITH DOG AND GUN IN THE NEW TERRITORY."

DEING the Series of Articles contributed

to the "HONGKONG DAILY 58" Sportsman," reproduced in book orm

PRICE ONE DOLLAR. Hongkong, 29th October, 1910