1912-08-07 — Page 3

Page

TELEGRMAS.

Į" DAILY PRESS

EXCLUSIVE SERVICE.]

THE FUNERAL OF THE EMPEROR MUTSUHITO.

CANTON

FALSE BANK NOTES.

THE HONGKONG DAILY PRESS, WEDNESDAY, AUGUST 71#, 1912.

COMPANY MEETING.

HONGKONG, CANTON AND MACAO STEAMBOAT COMPANY.

ABGETS.

8

848,691,483.33

INTIMATIONS

14,000,000.00

yearly on as at present could not but Bullion in haud and in Transit 6,000,997.0 JOHNSTONE'S

too fre-

1,367,919.12

[not only by obviating the necessit of

bringing shareholders together twice, a Cash (From Our Own CORRISPONDENT.)

year when once would suffice, but the Coin lodged with the Hongkong Government against author. isaning of an annual report and state- August 5th

ised and/or excess note cir- ment of accounts in place of the half- The half-yearly meeting of the share.

culation a Canton has always been a great place holders in the above Company was heldquent scrutiny of our affairs by our com-

protect the shareholders from

Indian Government Rupee for forged money and false bank notes, yesterday at the offices of the Company, petitors. I do not mean by this that wo

Paper TOKYO, August 6th,

and the authoritica hare always to be Hotel Mansions. Hon. Mr. C. H. Ho should only have our profits divided once Colmial and other Becurities... 13,872,060.70 It is officially announced that the very watchful in this matter. A number presided, and there were also present when the new articles are presented for £1,200,000 2

a year, that is far from my intention, but Sterling Reserve Fund Investments, vis. — funeral ceremony over the remains of of false dollar bank notes have been dis- Mossrs. F. Lieb, F. A. Gomez, G. Fries adoption a clause might be inserted the late Emperor will take place on covered from time to time lately and land, F. H. Armstrong, G. R. Lantenz, H.shareholders such interim dividends as authorizing the directors to pay to the detectives have been on the look-out for A. Siebs (directors), W. E. Clarke (Secre- the working of the Company might war- the guilty parties. A bookseller's shop intary), M. S. Northcote, T. F. Hough, J.rant. With these remarks I beg to second The burial will take place on the 14th Shap Pat Po occupied the attention of M. E. Machstio, A. II. M. Silva, and K. af Momoyama, Kyoto.

them detectives two days ago, and yester D. Gazdar.

September 18th at Aoyama..

mourner.

[FAROVON NEUTER'S AGENCY.}

GREAT FIRE NEAR ST. PETERSBURG.

seized.

EDUCATIONAL CONFERENCE.

por

cont. Consols at 70 £900,000 (of which £350,000 lodged with the

Bank of Engian:!. the adoption of the report and accounts.

as a Special "Lon-" don Reservo). The CHARMAN-I am sure, Mr. Hough, |£270,000 3 per cont. considered very carefully by the directors the remarks you have just made will be Exchequer Donds due 1915 at 98..... when they have occasion to put forward £400,000 Other Ster- the new proposed articles of association, insert clauses to meet your suggestion. and if it is thought desirable we will

The motion was agreed to.

H.L.B. Prince Fushimi will be cibat | day a raid was made, when a plant for. The Secretary having read the notice

the turning out of notes

was dis-couvening the meeting. covered and two men who were working The CHAIRMAN said :-Gentlemen,—The arrested. The shop has been closed and report and statement of accounts with everything connected with the manu-auditors' report attached having been in facture of the spurious papar money your hands for the usual period, we will, GoxEz seconded the re-election of Messre. Mr. NORTHCOTE proposed and Mr. with your permission, take them as read. A. Siehe and F. Lieb an dircotors. In view of the very keen competition The Educational Conference, which we experienced on all the lines operated by reported in these columns about a month the Company the amount standing at ago would take place at the hoginning credit of profit and loss account for the of August, has just been opened, and at period under review will, I trust, be con- the first meeting the Educational Com-sidered satisfactory by shareholders, and missioner presided over a meeting of 500 delegates, including 70 gentlemen repre- senting the variona School Boarde in

LONDON, August 6th. A St. Petersburg telegram reports that fire broke out yesterday afternoon in a timber yard on Petroasko Island. It rapidly "spread and destroyed. fifty ware- houses and other buildings including the Palace of Peter the Great. A. fire also

broke out at 11 p.m. in the palace of the grand Duchess Maria Paulowna.

RUSSIA AND FRANCE...

LONDON, August Otb. M. Paincare has started for St. Peters- bury.

TEST CRICKET.

London, August ́nth. The seventh test match between Austra lia and South Africa was commenced yes-

terday in showery weather, at Notting: bam South Africa batted first and ran up a score of 280 for the loss of eight wickets, Nourse contributing 01.

SHANGHAI'S DAMP ATMOSPHERE.

INTERESTING "ARTIFICIAL CLIMATE " SCHERIE.

In the Municipal Guterte of Shanghai there appears correspondence between the Shanghai Society of Engineers and Architects and the Municipal Council with reference to proposed experiments

different parts of the province. The Cou 'missioner delivered a speech in which he thanked all for their attendance and then went on to explain the position of educa tion since the Revolution and the neces- sity for realizing that this question we one of the most important, if not the most important, that the now Govern ment had to deal with. He explained the idea of this Conference, and showed how

it could be of great use, and he hoped that all questions of importance would be discussed. The Conference is to last ten days and delegates from any distance are being entertained by the Government.

A PUBLIC LIBRARY.

meet with approval. Increased tonnage I hope the proposed appropriations will

on the Canton Line coupled with extreme depression in trade has brought about a serious cutting of rates by the vessels con- cerned. Endeavours were made in May last to try and prevent further lowering working agreement whereby rates would of fares by suggesting the adoption of a

be raised proportionately for the different vesels. While this proposed arrange. ment was acceptable to most of the owners, others objected, with the result that the fight continues between them.

During the half-year to 30th June loans on

Carried unanimously.

elected anditors for the ensuing half-year Mr. MACHADO proposed that Mesure. A. O'D. Gourdin and W. H. Potta ba at a remuneration of $125 each.

Mr. DA SILVA seconded, and the motion was carried unanimously.

The CHAIRMAN—That concludes the basi- warrants are now ready and may be ness of the meeting, gentlemen. Dividend

obtained upon applicatión.

Thank you for your attendance.

COMPANY REPORT.

HONGKONG AND SHANGHAI BANKING CORPORATION.

The ninety-fourth report of the Court of Directors is as follows:--

Jing Securities, written down to...

204,600

995,400

£1,500,000 nt ex. -.

Bills Discounted, Loans and

Credita

Liabilities of Constituents for Bills Receivable

acceptances per contra Bank Premises .......

15,000,00.00

740,394,209.76

M.P.

"After effect of M.P."

The effects of bad Whisky" 123,382,046.22

16,595,174.04 2,170,058.66

3380,791,574.62

GENSUAL PROFIT AND 1.098 ACCOUNT,ONG- KONO AND SHANGHAI BANKING CORPORATION,

30th June, 1912. Dr.

To Amounts Written Of :-

Remuneration to Directors $15,000.00 To Dividend Account:-

Dividend £2 per Share on 120,000 Shares-£210,000 at 2/01-16-

To Transfor to Silver Reserve

Fund

To Transfer to Dank Premises

Account

half-year

OBTAINABLE EVERYWHERE.

H. RUTTONJEE & SON,

2,489,763,24 | WINE & SPIRIT MERCHANTS.

250,000.00

250,000.00

1,060,288.64

$4.869,054:88

Cr.

Gentlemen,-The Directors have now to submit to you a General Statement of the affairs of the Kank, and Balance Sheet for the half-year ending 30th June, 1912. mortgage have been reduced by $25,000

The net profits for that period, includToBalance forward to next aud investments in shares and debentures ing 81,953,135.15, balance brought forward of public Companies have been increased from last account, after paying all charges, deducting interest paid and due, by $43,334 inclusive of $4,825.70 appre- and making provision for bad and doubt- A sign of the times is seen in the newe that a few days ago a free public library ciation in values. These investments inful accounts, amount to $4,869,064.89. was opened in Canton. It is, of course. I public. Companies have, as usual, bror of $250,000 from the Profit and Loss!

The Directors recommend, the transfer not to be compared with anything we

Account to credit of the Silver Reserve know of the kind, but it is a step in the

Fund, which Fund will then stand at right direction. It is open six days of

$17,000,000. the week for 7 hours each day, four days being for men only and two days for women only. It is stated that others will be opened in time, all being support-paddle-shaft ordered for the Horam,

ia connection with the amelioration of ed by the Government. indoor climatic conditions.

COINING FOR KWANGBAL

The subject was first introduced to dis-

sion in a practical form by Captain. Some years ago a large number of 20 FW. Tyler in a paper be read before cent pieces were coined in the Canton the Society. On the amelioration of indoor climatic conditions during hot, Mint for the province of Kwangeai, and damp weather."

In the course of that now the Governor of this province has paper he pointed out that there was no come forward and requested Mr. Wu to idea that anything could be done to make allow the unint to repeat this and turn a Shanghai summer pleasant, or obviate the necessity for the summer exodas.

out a large number of new 20 cent pieces But, after detailing his observations on Mr. Wu has agreed to this and the work the law connecting degrees of discomfort has been put in hand. It is understood with temperature and the humidity of

that if the work is satisfactory most of | the air-to which he gave the term

Hyther-Captain Tyler put forward the coining for this province will be done suggestions for improving the condition in Caston and the plant at the mint is of hut, damp air, which ho showed could quite capable of the extra work. be done by lowering the temperature of n room below the dew point; in effect, providing a hospital ward or sick room with an artificial climate. This might be accomplished by means of a refrigerator, the use of purchased ice, or cold artesiansome good; but they are by no means well water.

THE COUNCIL'S DECISION.

PAPER MONEY.

Local notes are improving in value and there has not been the same rash to get rid of them these last two days, so that the Government's latest action has done

popular yet, and it is difficult to get tradespeople to accept them in some parts of the city, while the discount varies in every district.

THE LATE EMPEROR OF JAPAN,

GERMAN SYMPATHY,

adjusted in accordance with the quota tions current on 30th June. The loss in exchange by subsidiary silver coinage during the six months working amounted to 820,551.60. The usual number of yousols have been docked for repairs and Government survey, and a new spare

They also recommend writing off Bank Promises Account the sum of $250,000.

After making these Transfers and de- ducting. Remuneration to Directors there out of which the Directors recommend the remains for appropriation 84,354,054.68,

Sterling per Share, riz., £240,000, which payment of a Dividend of Two Pounds

at 2/01-16, the rate of the day, will

The Balance $1,060,288.04 to be carried to New Profit and Loss Account.

STERLING RESERVE › FUND.

By Balance of Undivided Pro-

fits,, 31st De

comber, 1911...8 1,953,185.15 By Amount of

•

Net Profits for the Six Months ending 30th June, 1912, after making provision for bad and doubtful debts, deducting all Expanses and Intercet paid and due

2,015,910.73

The holding of £1,200,000 23 per cent. Consols has been written down by £24,000 to £000,000, and now stands in the Books at 75; Other Sterling Securi Ta Balance, £1,500,000 at ox. ties" have also been written down to the extent of about £9,500.

2.

-$4,869,054.88

$4,869,054.88

STERLING REABJIVE FUND,

.........$15,000,000.00

$15,000,000.00

which has now arrived ready for use when. required. Additional stateroom accom- (modation has been erected on the Heung-absorb 82,383,768.21.

han. Your directors for some time past have had under consideration the question of building a fast and serviceable steamer se an addition to the Company's fleet. Estimates have been submitted and the matter is having the serious attention of your Board, and we hope shortly to arrive at a final decision in the best interests of the Company. Your Board have also had under consideration the revision of the Company's Articles of Association. These were framed when the Company was incorporated in 1885. Since then so many changes have been made in Company Law that it is thought advisable the Company should have Articles which are more in accordance W. Hutton Potts and Mr. J. W.. C. The accounts have been audited by Mr. with modern requirements. To affect this. Bognar change a special resolution will have to

E. SHELLIM

Chairman. be passed and confirmed at extraordinary meetings to be called later on.

Hongkong, 5th August, 1912. I do not

ABSTRACT OF ASSETS AND LIABILITIES. know of anything else calling for special

30th June, 1912.

LIABILITIES.

To effect these adjustments and main(invested in Sterling Securities). tain the Fund at £1,500,000, British and the face value of £41,500, costing £33,500 Indian Government guaranteed stocks to

The Cataniatischer Lloyd's Berlin corre-mention, but should any shareholders re- spondent says:-

All the German newspapers, publish most sympathetic leaders about the late Emperor of Japan, emphasizing what he achieved, and what Japan has become during his reign. The Reichsteiger

quire further information. I shall have much pleasure in answering any tions.

There being no questions,

ques-

The scheme was favourably commented upon by many doctors, and the members of the Society were no impressed with the practicability of the method advocat ed that it was decided to approach the Municipal Council with a view to obtaining sorne financial assistance for the conduct of experiments, estimated to cost Tla. 4,000. It was suggested that a grant of Tis, 2,000 might be made, the balance to be privately subscribed. I was unfortunate, says the ... Daily News, that so long an interval was allowed to pass before the Council replied,

The CHARMAN-proposed the adoption of the effect being practically to render im- possible any experiment this suramor refers to his friendly relations to Ger-the report and statement of accounts as

The Norddeutsche Allgemeine Other Jotters passed, the Council's de- many. cision being that it was not favourably Zeitung lays stress upon his indefatigable presented. disposed toward making a grant and activity for the benefit of his people, and Mr. Hovoa, in seconding, said:-The mentions the hospitality shown by the several details of the accounts and the could give no assurance of support.

As was pointed out by Captain Tyler Emperor to the German princes who have appropriations made together with the in the conrae of ijs paper, the matter is visited Japan. Other papers praise the not merely one of avoiding discomfort, late Emperor's wisdont in selecting his lucid explanation of the Chairman leaves but opens up possibilities of avoiding councillors, comparing him in this regard little to be said but to record our apprecia- suffering and danger to life, and it is with Emperor Wilhelm 1. The Kolsche tion of the able manner in which the therefore to be regretted that the Valkzeitang points out that the great authorities have found themselves unable deeds of the Japanese statesmen, and of several difficulties arising during the last. to meet the Society in the way suggested.

her heroes of the army and navy, could half-year have been surmounted by the It was rightly stated, of course, that such not have been accomplished, without an management and directors. The addition

a grant could not be made without the enlightened, unselfish monarch. The of the new fast steamer which it is pro- sanction of the ratepayers, but the im Liberal Press praise the Emperor for portance of the scheme from the point having introduced the constitution, and posed we should build will add materially

of view of health and hygiene certainly for his constitutional qualities; and adds to the efficiency of the service, bring us warrants further consideration on the that he leaves Japan to a most promising up to date and strengthen our position part of the Council. It would seem that future. The German Press draws a public support is not definitely refused, sympathetic picture of the new Emperor

and probably when the subject has been Yoshihito. more discussed something may be done to. assist the Bociety.

BRITAIN'S REPUTATION IN ATHLETICS.

1s. 3d, were purchased and added to By Baianos 31st December,

1917, £1,500,000 at ex. 2/-, $15,000,000.00 Other Sterling Securities" bringing the araount under that heading to £408,300

$15,000,000.01% written down to £335,400.

This expenditure was met out of the carnings of the half-year.

AUDITORS.

Paid-up Capital Sterling

Reserve Fund, £1,500,000 at ex. 2/-. Silver Reserve fund Marine Insurance Account Notes in Circulation :....

(Authorised Is

stle against Securities nud Coin deposited with the Crown Agents for the Colo nies and their Trustees)...$15,000,000.00 Additional Is-

sus authorised by Hongkong Ordinances against Coip ladged with Hong-

the

kong Govern ment...

--is our competitors. With regard to Current Accounts,

7(670,637.00

Silver $107.628,480.25 Current Accounts, Gold £5,495,698 17k. 2d.

what has fallen from the Chairman on the subject of the revision of our Articles. of Association, I support the proposal of the board and feel that shareholders will agree that what was deemed sufficient for Fixed Deposits, The numerous defeats of British repre sentatives at Stockholm, says a London the needs of the Company half a century Fixed Deposits. The Cairo correspondent of the Pall paper, are likely to be followed by a ago cannot but require considerable nonlar inouest upon the decline of amendment to incet the altered conditions

112, AND LIVES WITH HIS MOTHER!

Mall Goveite wrote mazankli

-64,125.013.50

Silver...873.788.007.99

Gold, £4,411,433

06. 3d.

-44,001,497,90

815,000,000.00

15,000,000.00 16,750,000.00 250,000.00

SILVER RESERVE FUND.

To Balance

-$17,000,000.00

$17,000,000.0%

$16,750,000.00

By Balance 31st December,

1911

By Transfer from Profit and

Loss Account

250,000.00

817,000,000.00

N. J. STAR, Chief Manager.

R. EDWARDS, Chief Accountant.

É. SUBLIM

G. FRIESLAND

F. F. AнMSTRONG

Directors.

We have compared the above-Statement with the Books, Vouchers and Securities at the Bead Office, and with the Returns from the various Branches and Agencies, and have found the same to be corræt.

W. HUTTON POTTS J. W. C. BONNAR}

Hongkong, 6th August, 1912.

Auditors.

RAILWAY EXTENSIONS IN THE MALAY PENINSULA.

The

from Kuala Departmental reports Lumpur point to a continuance of the 22,670,637.00 development of the trade and industries of the Malay Peninsula which has been so marked during recent years. general manager of railways reports that the number of passengers carried was 10,347,800, as compared with 7,282,830 in 163,753,499.871909, an increase of 4247 per cent. in two froma years. Goods traffic increased 653,663 tons in 1910 to 780,780 tons in 1911, or 19.4 per cent. of increase. These in- creases have taxed the capacity of the rolling stock to its utmost limits, and a 117 785.105.32 large programme for additional stock

133

Chs. J. Gaupp & Co.,

Alexandra BUILDINGS,

CHATER

ROAD,

Always have on hand a very large sampledo

stock of

SCIENTIFIC AND

SURVEYING INSTRUMENTS

(Transits, Levels, Plane Tables, Prismatic and

Sight Compassos, Hand Lovala, ko, koj

alio

DRAWING

INSTRUMENTS

AND MATERIAL

(T Squares, Set Squares, Straight Edges.

Scales, Inks, &c, đe)

ÅDENTS YOR===

W. F. STANLEY & Co., LTD.,

LONDON.

E. R. WATTS & SON, LTD.,

LONDON.

45

WE ELIMINATE

GUESSWORK

BY USING

THE LATEST AND MOST SCIENTIFIC APPLIANCES

in testing the sight for glames. Your eyesight is the most precious of your sonmou and you cannot afford to jespordiso it by using incorrect lenses or ill-fitting frames. Weste competent profsasionally, and we have the equipment to satisấy