1913-01-18 — Page 2

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COMPANY REPORTS.

HONGKONG LAND INVESTMENT AND AGENCY CO., LTD.

The twenty-fourth report of this Com- any states:-

Gentlemen, The directors have now to submit to you a general statement of the affairs of the Company, and balance sheet for the year ending 31st December, 1912.

THE HONGKONG DAILY PRESS, SATURDAY, JANUARY 18гa, 1913:

BALANCE SHEET 31ST DECEMBER, 1912.

Capital

1.AISTIER.

Accounts Payable Balance of Profit

and Loss Ac count

$56,246.43

25,000,00

Less Interim Divide

enil Paid

The net profits for that period, includ-Cost of Property ing $11,738.85 brought forward from last Cash

account, after paying all charges amenint

to $400,421.19. From this mabuot an

interim dividend of $3.50 per share his

already been paid.

It is no propowd to pay

ANKETS.

PROPIT AND LORS ACCOUNT,

Dr.

ル

final

To Fire Insurance

dividend off per share, and after To Charges .....

writing off directors' and auditors fees To Crown Rent

there remains a balance of 8:6,814.8 to To Repairs to Buildings

be carried forward to the credit of a novo Caramission to Agents......... To Interim Dividend of $2.00 profit and loss account.

for Half-Year ........

DIRECTORS.

Messrs. E. Shellim and G. Friesland now retire by rotation but offer themselves for re-election.

AUDITORS.

Mr. R. E. Edwards having resigned up leaving the Colony, the accounts have been audited by Messrs H. Percy Smith and A. C. Hynes, who now retire but offer themselves for re-election.

CAH. Ross, Chairman. Hongkong, 10th January, 1913.

BALANCE SHEET 31ST DECEMBER, 1912. BLAHLITIES.

Capital

Equalization of Dividend Fund Atsounts Payable

Balance of

Prut

LAKY Ac-

.$400,421.19

175,000.00

20

compl

Less Interim Divid-

nd Paid

ASSETS.

Cash ...... Amount Advanced on Mortgage Amount Invested in Property

Furniture Account

Account Receivable-

To Balager to he appropriated

'as follows:-

Directors' Fees

$500.00 50.00

Auditors' Peor Divulend of $2.25

per share.... .28.125.00 Balance to be enr-

$625,000.00 871:05

are as follows:

THE RUSSO-MONGOLIAN TREATY.

PRIVILEGES AND SAFEGUARDS.

ST. PETERSHURG, December 25th.. The text of the protocol of the lusso- Mongolian Treaty, which was signed at Urga on October 21 (0.5.), is to be in the Official Bulletin in a few days time, and will be reproduced in the Russkee Slong to-morrow. The protocol provides for the application of the Treaty, the effect of which is practically to exclude Chinese administration and settlement from Mon. gelia, and defines Russian rights in that region.

HONGKONG, SHARE MARKET, Mesere. Vernon & Smyth in their weekly share report dated 17th January

state-

ing rates. Sterling "Rubbers

attention, and the

js

AMERICA IN CHINA,

PRESIDENT TAFT'S MESSAGE TO CONGRESS.

The local market gonerally has ruled President Taft sent a message to Congress

firm throughout the past week, and a on the 3rd ult. in which he discussed at

revival in demand for investment account great length the foreign affairsof America,

has resulted in a fair volume of business being done, at, in some instances, advanc

have not 31,245.43 with particular reference to the expansion of American trade in foreign lands. He

attracted much $667,117.08 makes a strong plea for the new diplo

market in London closes at about last week's rates with, however, an improving macy-popularly called "Dollar Diplo

tendency in evidence. Fine Hard Para $014.801.81macy"--which is doing so much to aid

Rubber and plantation Smoked Sheets 42.315.27 American commerce with other nations.

are both quoted at 4/6 per lb., the closing was received with close

tone of the market being bro. The Bank of England rate of discount remains al $667,117.08 The message

and the open market rate is per cent.,

Bar Silver attention in both branches of Congress

There are 17 articles. Russian subjects now quoted at 45 per cent. and met with general approval.

are to hire the right to live and move at closes at 29-1/103. ready, and 29-1/8d. In the course of the message President will in Mongolia, to trade, and to hold forward, market dull. Sterling T.1. is $ 3,322.75

275.00 Taft discussed American activity in concessions, They are to have the right to quoted at 2/- 13/16d., Shanghai T.T. at

He declared that the policy of export and import Russian or foreign 711, and Singapore T.P. at 65. 818.00 China.

HANKS.-Hungkong and Shanghais have! 901.60 encouraging financial investment there (including Chinese) products free of duty 2,951.53 resulted in giving new life and practical and other charges. This does not apply be booked at $925 to 9630, with a small to mixed Itusso-Chinese enterprises, reported sale at 8835, market closing with application to the "open door" policy. Russian, banks may open branches in buyers at $930. London has advanced 25,000.00 His remarks on the relations with China Mongolia, and Russian subjects may to buying rate of 285 10 with no

transact business on credit, but neither shares obtainable under £87. It In China the policy of encouraging the Mongolian Princes nor the Govern announced that, subject to audit, the financial investment to enable that ment are to be responsible for private Court of Directors will at the forth- country to help iself has had the result debts. Mongolians and Chinese are free coming half-yearly meeting of share of giving new life and practical applicato trade or to serve with Russians, but holders, recommend the payment of the tion to the open door policy. The consist-

no official or private trading monopolies usual dividend of £2 per share, and ent purpose of the present administration may be granted, and existing monopolies bonus of 5/- per share. transfer to silver reserve $200,000, write off Bank premises has been to encourage the use of American may not be renewed,

Russians may rent or buy land for $200,000, and carry forward to new ac 31.246.43 capital in the development of China, by

the promotion of those essential reforms building, trading, or, sirailar purposes, count about $2,000,000. 864,414.81 to which China is pledged by treaties with or may rent-uncccupied land for agricul ture, bat not for speculation. Pasture the United States and other Powers. $ 2.066.60 The hypothccation to foreign bankers land and land belonging to religious 61,300.00 in connection with certain industrial orders are exempt from this option. $11.21 enterprises, such as the Hukaung rail Russians may work mines, forests,

to he 37.00 ways, of the national revenues upon fisheries concessions, which are

which these reforms depended, led the granted by the Mongolian Government $64,414.81 Department of State early in the adminis alone. Russian Consuls may be appointed tration to demand for American citizens where necessary in agreement with the participation in such enterprises, in Mongolian Government, which is entitled MOWBRAY S. NOKTICOTE.

Factories may be Acting Serretary to the Hongkong Landorder that the United States might have to appoint its own representatives in the established in Consular centres under the Investment and Agency Co., Ltd., General equal rights and an equal voice in all frontier region. Agents for the West Point Building Co., questions pertaining to the disposition of sole control of the Consul. Russia is to

the public revenue concerned.

have the right to institute a postal The same policy of promoting inter-service, and, within limits, to make from national accord among the Powers having official use of the Mongolian services. similar treaty rights as ourselves in the Russian ships are to enjoy navigation matters of reform, which could not be put rights on Mongolian rivers flowing into Russian territory, and all facilities such into practical effect without the common consent of all, was likewise adopted in a buoys, lights, fuel, &c.

For the transport of goods and cattle the case of the loan desired by China for

Russians are to have the right to the reform of its currency.

The principle of international coroads and bridges, to build new ones, and operation in matters of common interest to levy tolls." upon which our policy has already been based in all of the above instances has admittedly been a great factor in that concert of the powers which has been so happily conspicuous during the perilous period of transitions through which the great Chinese nation has been passing.

ried to Now A/c... 2,77043

Or.

By Balance brought forward By Rents...... $5,000,000.00 | By Interest

200,000.00 By Scrip Fees 937395.08

Ltd.

225,421.19 $6,412,806.27 C. H. Ross

Directors.

C. P. CHATKIL

I report that i have audited the above 503.22 Balance Sheet with the Books and 116,000.00 Vouchers of the Company in Hongkong 6,235.173.26 and that in my opinion such Balance 4,460.92 Sheet is properly drawn up so as to ex- 30.578.87 hibit true and correct view of the state of the Company's affairs at the 31st. $8.412,800 27 December, 1912, according to the best of my information and the explanations given me, and as shown by the Books of the Company,

I have obtained all the information and explanations I have required.

A. C. HYNES, Auditor. $175,000.00

36,457.83 Hongkong, 10th January, 1913. 24,072.23

518.41 THE REGISTRATION OF DOMESTIC

SERVANTS. 21.589.79 1.185.00

PROFIT AND LOSS ACCOUNT.

FOR THE YEAR ENDING SIRT DECEMBER, 1912.

Dr.

To Interim Dividend of 31%-

for the half-year

To Charges Account

To Repairs to House Property..

To Advertising

To Fire Insurance

To Legal Expenses

To Interest on Loans

Payable

Less Interest

Mortgages

..809.020.16

10

34,717.08

Te Balance to be Appropriated

tors' Fees ......$25,106.36

as follows:-

Managing Dirce

Directors' Fees :..

Auditors' Fees ....

Final Dividend of 31% fur the half-year

to bet carried to New Account

Balance"

7,600.00 1,000.00

175,000,00

16.814.43

By Undivided Profits 1911

By Rents...

By Commission

By Scrip Fees

By Profit on Sales

PROPOSED ORDINANCE IN THE STRAIPS

SETTLEMENTS.

A Bill for the registration of domestic servants has been published in the Straits 34,302.18 Settlements. It was to be introduced in the Legislative Council at Singapore The objects and reasons" yesterday. attached to the measure state:-

tion of

INTIMATIONS

2

MOTHERS

Preserve Baby's Skin

Oticura TSOAP+

With

CUTICURA

Soap and Ointment

A lifetime of disfigurement and suffering often results from the neglect, in infancy or childhood, of simple skin affections. In the prevention and treatment of minor eruptions and in the promotion of permanent skin and hair health, Cuticura Soap and Cuticura Oint. ment are absolutely unrivaled

·Bempla with 2p, book fren from nearest depot: Seber, dops. X, Chanerhouse 9q., Lomas. R Tow & Co., Bydney, N. R. W.: Lennon, I., Capo Town: Miller, Maclean & Co., Calcitto and Bombay: Potter . & C. Cozy, sola props, Boston. U. B.

95-L

Chs. J. Gaupp & Co.,

MARINE INSURANCES--Lious have been hooked at 8815 and more are obtainable Cantons continue quiet, at this rate.

North Chinas but it is doubtful if shares could be pro sured

at less than $270. have sellers at Tls. 134, and Yangtze are dull at $1924 as last quoted.

FIRE INSURANCES.-Hongkongs are in Chinas have been request at $284 after a small sale at the a few more are rate and at $385. obtainable at this quotation,

Cauton and SHIPPING-Hongkong. booked at 8150, and

Macaos have been done at $29 and $284, $28 more shares are wanted and at China and Manilas after advancing to $11 have weakened, the closing rate heing $10 nominal. Indo-Chinas have declined to 382 sellers without reported business, and the offer of a slightly lower rate London would probably be accepted. has receded to 155/- for the combined use Preferred and Deferred shares, middle price. Douglases after sales at $33 and Cattle in transit are to have hardened, and shares are how have the right of pasture, but the field and enquired for at $34. Star Ferrys have fishing rights of the frontier population again come into favour, and with little are to be respected. Concessions requiro or no business passing have advanced the assent of the Mongolian Government. to a buying quotation of 835 with few. if any shares obtainable even at this. Private contracts are to be locally cer- tified, and in case of dispute are to be Shell Transports under London settle- submitted to a mixed Russo-Mongolian ment influences declined in the earlier commission of officials and experts, whose part of the week to a buying rate of findings are to be applied, for Russians 110/-, but the market has since recovered, by the Consuls, and for Mongols and and shares are now in request for Lon- don account at 111, the closing quota- RECOGNITION OF THE REPUBLIC. Chinese by the local Prince.

havo Sugars tion being 112/ middle price.

REFINERIES. China steadily declined from $111 to $107 with CHRONOMETER-MAKERS, small sales at intermediate rates, the closing quotation being $107 buyers. Luzons have strengthened, and with small

MINING-Tronohs have again been sales at from 834 to $37 close in strong request at the latter rate.

Heawoods are wanted for sold to London at. 77/6 and more shares are wanted. London account at 4/4, and Pahang Consolidated at 10/3, the closing rate for Pusing the latter being 10/0 middle price and the selling rate probably 11/ Bharus are firmer at 10/9 middle price, and Malayan Tin Dredging at 77/4 middle price. There are sellers of Raubs. at 341, and probable sellers of Chinese ENGLISH Engineerings at 36/- after sales.

RESOLUTION IN U.S.

CONGRESS.

According to private despatches from New York, Senator Bacon presented on the 2nd inst. to the Senate a draft joint resolution of both Houses of Congress regarding the recognition of the Chinese Republic by the United States. It was This bill has for its object the introduc then referred to a committee. It is still a system of registration of unknown whether the Committee has domestic servants with a view to checking given its approval, but it must be re- the use of false testimonials and enabling membered that even if Congress approves masters to obtain certain information as the resolution, the matter will still rest to the character of the persons they with the President. The main points of employ.

It is not considered expedient that the the draft resolution are as follow:-The Chinese people have demanded self- proposed ordinance should be of general 225,421.19 application. Its operation, therefore, has government and have overturned the been limited to such local areas as may Imperial Dynasty. They have succeeded in establishing & republic. Now that a $519.124.58 be declared by order of the Governor-in-

Connell and its application within such permanent and strong Government is areas has been restricted to the class of established in China and as there is proses householders which may be expected to sufficient evidence that it will be main- desire the bencht of its provisions.tained in the future, the Senate and the 468,213.77

This restriction of the application of House of Representatives hereby resolve 7,287.90

the bill is effected by defining the term that the United States Government shall 174.00

"master

to mean any person residing in recognize the present Chinese Republican 1,690.00

a house the monthly rental of which is Government, and, as regards interna not less than forty dollars and having a tonal relations between the United

In $619,124,68

States and China, the treatment which is servant in bis employment therein.

accorded to an independent Power shall the ease of such a master, registration of his servants is made compulsory unless he extended to China. they are of the same nationality as hin self, when registration will be optional at the discretion of the master.

MOWBRAY S. NontucOTE,

Acting Secretary.

C. II. Rom C. P. CHATER Directors.

We report that we have audited the above balance sheet with the books and vouchers of the Company in Hongkong and that in our opinion such balance akeet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs at the 31st December, 1912, according to the best of our information and the explanations given un, and as shown by the books of the Company.

The registrar, upon registering a ser- vant, is required to isaue to hin a copy of the particulars he has recorded in the register in a book authenticated by the and seal of his office. This book is given the. name of "The Engageinent Book must be produced whenever the servant

is

engaged by a master or quite his cer- ico: in the former case for the master ment and, in the latter, the date, canse of to enter the particulars of the engage discharge and the character of the servant. If he is unwilling to give the servant a character, the master is required to fur- nish his reasons in writing to the registrar Auditors, for so refusing.

We have obtained all the information and explanations we have required.

H. PERCY SMITH, F.C.A. A. C. HYNES. Hongkong, 10th January, 1913,

THE. WEST POINT BUILDING COMPANY, LIMITED.

The twenty-fourth report says:--- Gentlemen-The General Agents now submit to you a statement of the affairs of the Company, and balance sheet for the year ending 31st December, 1912.

The master is also required on engaging or discharging servant to send a form

of notice of his engagement or discharge bearing a twenty-cent stamp to registrar.

the

Certain fees are prescribed to be paid in respect of the registration and the engagement of a servant and for the issue of the engagement book and masters as well as servants will be subject to penal- ties for acts or omissions contrary to the provisions of the ordinance.

BANGKOK-EUROPE LINE. MOTOR LINERS TO SUPERSEDE ETHAMERS,

jopo

The present ordinary method of cleansing the teeth and mouth with "tooth-powders and tooth-pastes is com

Mistaken, that is pletely mistaken.

to say, if anyone wishes to have sound teeth, and it must be immagined that. this is the real aim of all care of the

The net profits for the year, including the amount brought forward from the previous year, amount to $58,045.43. From this amount an interim dividend of per shure bag already been paid, and after writing of directors and auditors' fees, it is now proposed to pay a final dividend of $2.25 per share, making Jutlandia has led the East Asiatic Com-teeth. But anyone who wishes to keep a total dividend for the twelve months of 84.25 per share, and to carry forward the balance, $2,570.43, to credit of a new profit and loss account.

DIRECTORS.

The Hon. Mr. C. H. Ross and Mr. Gubbay now retire by rotation but offer themselves for relection.

AUDIT.

Mr. R. C. Edwards having resigned on leaving the Colony, the accounts have been audited by Mr. A. C. Hynes, who now retires, but offers himselt for re- clection.

MOWBRAY S. NORTHCOTE, Acting Secretary to the Hongkong Land Investment and Agency Co., Ltd.,; General Agents for the West Point Building Co., Ltd. Hongkong, 10th January, 1913.

The success of the Selandia, Fionia and pany, Ltd., to decide to replace the steamers on the Bangkok-Europe ran with motor vessels.

The Bangkok Times has been officially informed that in the course, of the next: three years the present steamers will be replaced by 7,000 ton motor vessels of higher speed than the present boats, pro- pelled by internal combustion (Diesel) engines. The service will be a fortnightly

ne.

Sonte of these vessels are actually in the The new boats course of construction. will be fitted with first class accommoda tinn for a moderate number of passengers. The present steamers on the run are the Bandon, Samui, Bintang, Chumpon.

Our contemporary gathers further that no change is contemplated for the present of the steamers on the Bangkok-Singa pare run. These boats use oil fuel.

his teeth sound and whole should clearly him to accustom himself to cleansing his understand that it will be necessary for mouth and teeth with an antiseptic fluid.

san

Cleansing the teeth with tooth-powders and tooth-pastes can never protect them from microbes; and for the simple rea- that the very localities which are most liable to attack, the backs of the molars, fissures in the teeth, and crevices between them, are the places which are not purified by tooth-powders and tooth-pastes. In consequence, the mischief being once set up proceeds on its way uninterruptedly. But a fluid can penetrate everywhere, and when it is

The spirit in which these safeguards for both parties are framed furnishes an interesting commentary on the lucubra tions of politicians in Peking, an account of which was published in The Times of December 3. Although the news of Chi nese unrest is not altogether renasuring, ao apprehension is felt here. A different situation. might arise if any na cial facilities to be obtained by China were ultilized to promote a policy of Military According to a telegram from Urga, a Mongolian mission is pro- troding St. Petersburg to thank the Tsar for Russian support.

adventure.

OPIUM PLANTING IN CHINA.

ARMED RESISTANCE AGAINST SOLDIERS.

says:

ALEXANDRA BUILDINGO,

CHATKE ROAD.

WATCHMAKERS.

JEWELLERS AND OPTICIANS

FINE

DIAMOND

JEWELLERY

A SPECIALITY. AMERICAN

AND

SWISS

GOLD AND SILVER WATCHES.

SILVER BRACELET

WATCHES.

DOCES, WEARVES AND GODOWNS.-Hong- kong and Whampoa Ducks have been booked at $36 and close steady. Kowloon GOLD Wharves have strengthened to a buying rate of 877 with no shares to be bad, under 878. New Amoy Docks bave been booked

Shanghai and Hongkéw Wharves are the latter closing firm with buyers. quoted in the North at Tis. 107 steady.

AND

A message from Chengti (Szechuen) Opium planters, who are backed by largo societies, are insisting upon plant ing poppy, being encouraged by the light and Shanghai Docks at Tis. 62, ENGLISH MOUNTED CHINESE JADF

The planters of several in Foochow prices which are being obtained for opiun haiers handed themselves together and attacked and robbed some soldiers who were sent to suppress the planting. One man was killed in the disturbance and an investigation is to be made into the affair.

antiseptic it destroys all the enemies which attack the teeth. The dentifrice Odol is one that has a practical anti- septic effect, that is to say, it is a. pre- paration that arrests all bacterial and fermentation processes.

LANDS, HOTELS AND BUILDINGS.--Hong- kong Lands have been booked at. $104, and more are wanted. West Points after sales at $57 are in further request, and Kowloon Lands are also wanted, with, however, no shares offering at the closing quotation, viz., $36.bayers. Humphreys Estates have been done at 58) and Hong- both kong Hotels at $115 (old) $73 (new),

Shanghai closing with further buyers. Lands are in request for Shanghai ac- count at Tla. 88.

further

COTTON MILLS--Ewos have advanced in the North to Tis, 135 buyers. Hongkongs have improved to $84 sales with more dares in request.

MISCELLANEOUS.-China Borneos have been booked at $10, Cements at $4, Dairy Peak Trams Farms at $2 and $22,

at 8111, Ropes at $10, China Providents

There are

JEWELLERY

MAPPIN & WEBB'S

OUR

OF

SILVERWARE,

CUTLERY and

PRINJES 1 LATE.

at $9 and Electrics at $26. buyers of China Borneos at $10, Cements nt $4.10, Electrics at $26, Ropes at 819. at 841, Watsons at Stean Laundrys

Hongkong $6,60, and Powells at $9. Electric Trams have further improved, and extensive sales have again been put through at 5/1 and 5/3, the closing. quotation being 5/- middle price, firm, STUDY Langkats on weakening to Tis. 73 have come into request at the rate with buyers for local account. There are sellers of at $9, and Pulpy at $30. China Providents at 89, United Asbestos

LONDON QUOTATIONS. The following THE EYE quotations (middle price) were received from our London Agents by cable this morning:- United Serdangs Linggis London Ventures Bubber Trusts Eastern Trusts Langen Java Chersonese

The certain disinfection of the mouth and teeth resulting from the use of Odol is especially due to a remarkable property which this preparation alone possesses, and which causes it to be absorbed by the surface of the lining Kamunings membrane and in the hollows of the Pegols teeth, so that it here deposits a store of Tronohs antiseptic matter whose action continues for hours. By regular cleansing with Odol, healthy teeth are kept absolutely intact, and teeth already impaired are preserved from further destruction.

For this reason Odol must certainly be regarded as the best of all known preparations for cleansing the month and teeth.

·Of all Chemists and Stores.

[104-17

137-premiun

14/-

29/3

Tid.

21/6

51/-

4/-

4/0

53/0 cum div.

78/9

10/6

10/0

Pahang Consolidated Pusing Bharu

..112/. Shell Transports Malayan Tin Dredging... 77/6 Chinese Engineerings. 34/G Indo-Chinas (combined)...153/- Hongkong Electric Trams 51-

OPIUM BURNED.

An Ichang message states that seventy catties of smuggled Szechuen opinn have Customs been seized at Pingshanpa Station, ten miles above Iebang. opium was burnt on the 10th inst.

The

41

and its anatomy and our long experience in correoting defective vision enable us to tell beyond doubt if your eyes will be benetited by wearing glasses.

Our method of testing is scientific and nectata. If you do not need genes wa will tell you so. If you do need glasses we can supply and fit them at extremely mcderate prices.

MAKE CERTAIN.

WE WILL TELL YOU.

LARK & CO... SCIENTIFIC OPTICIANS YORK BLOGS, CHATER RO

HONGKONG

43