1913-02-28 — Page 5

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the Wine flechony of the last

INAPIER

JOHNSTONE'S “SQUARE BOTTO

WHISKY.

UNVARIED FOR OVER

150 YEARS.

COMPANY MEETING

THE HONGKONG DAILY PRESS, FRIDAY, FEBRUARY 28TH, 1913.

SOY CHEE COTTON COMPANY.

The eighteenth annual meeting of the Soy Chee Cotton Spinning Company, Limited, was held on the 20th inst. at the offices of the general managers, Mr. H. E. Arnhold presided, and was sup ported by Messrs. A. Hoettler, E. Schulze, and O. Mordhorst, directors. The following shareholders, besides the direc tors, were present:-Messrs. Ch. H. Arn hold, J. Stamff, A. Murphine, M. D. A Darling, A. R. Owen, O. M. G. Burnie, W. S. Ford, and J. Fairhurst.

After the secretary, Mr. W. Neilson, bad read the notice convening the meet ing.

The Chairman spoke na follows:-The

report and accounts for the year ending THE SAME TO-DAY AS IN 31st December, 1012, having been in your

1745.

BEWARE OF IMITATIONS.

SOLE AGENTS IN HONGKONG

LANE CRAWFORD & CO.,

and from ALL WINE MIHOHANTS.

174

Dalli

The

For

Household

~-090.

To use it is the best, most simple and most comfort. ableway of ironing Independent of stove and gas, can be used any where. Not in flammable fuel with out noxious fumes. No risk from fire; healthier and safer than any other iron. For light work and travelling only, The *DALLINETTE ***** a smaller "Dalll," For general household work so the "Dafli."

Women of all Nations

USE THE DALLI

Oral Storekeptas, Stocked In The Streets Co., Ltd, Des Vagte Rd., tusen's Hu, Central Hong Kong, Anal Carton Bears cartas Pistons

Overcome

Your Doubt

Don't hesitate to put your faith in the world famous Beccham's Pills, the best, safest, surest and most reliabic remedy for all stomach, liver and kidney troubles. When your stomach is out of order, it needs help, it must be thoroughly cleansed, strengthened

and settled. Give

Beccbam's Pills

a chance. Let them prove that they can do for you what they. have done for thousands of others during the past half century. They will promptly and effectively remove all the discomforts which arise frosn undigested food will put your system in good condition and make life worth living. Any troubles arising from derangement of the digestive organs will be quickly corrected by taking Beecham's Pills. They will

without a doubt promptly. Cure

And Convince.

Sold la doces, price 94. 1:13 & 219.

CHAPOTEAUT'S

MORRHUSL

Superior to Emulsions or Cod Liver oil

Each tiny Morrhnol capsule ce presents the medicinal value of a teaspoonful of nil,

Recommanded at the Paris Aca- demy of Medicine, for loss of appetite and flesh, to patients with consumptive tendencies.

Sold in bottles of 100 Capsules.

Sold by all Chemista.

hands for some titue, I will, with your approval, follow the usual procedure and. take them as read. Therewith ask the Sec- retary to read the auditor's report to the shareholders. At the last meeting I painted out that the prospects for the year 1912 were quite good, and your direc tors are very glad to be able to lay before you a report which they consider very. satisfactory. After the proclamation of the Republic, business, which had been at a standstill during the end of 1911 and beginning of 1012, became more active and there has been a very good demand for our yarn all the year round, so that our mill, which has been working day and night since the 26th February, has always boon very well employed. With reference. to the accents, you will have seen that the balance at credit of profit and loss account amounts to Tig. 172,092.21, which your directors propose to deal with ns follows!--

To pay a dividend of Tls.. 5 per

To place to dividend equalization

fund

To write off for depreciation

To general managers in accord ance with articles of association To carry forward to now account

minutes.

Tis

100,000.00

WM. POWELL LTD.

TELEPHONE 346.

CURTAINS

MADRAS BOOK MUSLINS. MUSLINS,

|NOTTINGHAM LACE.

NEW AND ARTISTIC PATTERNS.

HOUSEHOLD

CLOTHS

LINENS.

ΤΟ AND NAPKINS

NATCH.

WILLIAM POWELL, LTD.

HONGKONG METEOROLOGICAL

Hongkong Observatory, February 27th

Previous On Dato On Dot+

Day

at at

1 p.xa. at 2 p.m. 6 p.m.

Barometer Temperature Humidity......

BANKS

THE ОКОПАМА SPECIE DANK

LIMITED.

AUTHOUSED CAPITAL..............Yen 48,000,000 PAID UT CAPITAL, Yen 30,000,000 RESERVE FUND... Ton 17,850,000

HEAD OFFICE-YOKOHAMA, Branches and Agendes at Antang-Haden Lisa-Yang Byojan Calcutta

(Port Arthur London San Francizo

Bombay

Changabun

Dainen (Dalny).

Fongtion (Mukden) Newchwang Tientsin

Haukow

Harbin

Hoaglala

Kode

Lyane Shanghai

Nagasaki Tebling

Now York Tokyo.

Omka

Pakin

INTEREST ALLOWED ON CURRENT ACCOUNTS Deposita reserved for fixed periods nt rates to

be obtained on application.

EISHT ONO, Manager. Hongkong, 11th January, 1913. [443 NEDERLANDSCH INDISCHE

HANDELSBANK. NETHERLANDS INDIA COMMERICAL BANK:

ESTABLISHED 1863,

Anthonsed Capital FI. 15,000,000 (£1,250,000) Paid up Capital El. 14,905,350 (£1,242,112) Becerro Fend FI. 5,022,161,27 (£418,513)

HEAD OFFICE: AMSTERDAM. HEAD AGENCY: HATAVIA.

LONDON BANKERS THE WILLIAMS DEACONS BANK, SWISS BANKVEBLIN.

BRANCHES AND AGENTS all over the World.

THE BANK franesota wrary description of Banking and Exchange businem, ceosives money in Current Account at the retrof 2 par cant. per annum on Daily balancer. Rates on Fixed Deposit can be ascertained on opplication.

B. J. H. YAN DELDEN, Acting Manager, No. 8, Des Vaux Read Central.

[21 Hongkong, 5th Fulwuary, 1913.

THE

BANK OF

MERCANTILE INDIA, LIMITED.

AUTHORISED CAPITAL...

30.13

30.19

30.15

Wind Direction ..... Forco Weather G

NNE East

SUBSCRIBED

PAID UP

RESHEVE FUND

0.01

Highest open air Temperaturson 26th...58 Lowest open air Temperature on 26th...51

BANKS

BONGKONG SAVINGS BANK.

dosted by the HONGKONG AND SHANGHAI BANKING CORPORATION. Hales may be obtained on application.

INTEREST on deposite is allowed on the Minimian Monthly Balances at 3 per cont per annum.

have only been increased by oh per conti, so that by working day and night our fixed charges have been reduced by 45 per cent, per bale. This, gentlemen, I think proves conclusively that as long as we have suficient, working capital to do so and demand for yarn justines, this, it will always pay us better to keep our As machinery working day and night. regards the outlook for the present peħ, Wo the prospects are very favourable. 27,000.00 have sold our production for some timo 26,000.00 to come and have contracted for sufficient cotton to cover all our sales, although 16,924.68 the present good times for mills will 3,157.58 probably bring niore competition, your directors feel confident that the old mills Tis. 172,032.24 with their longer experience will be suc As regards the profit and loss account, cessfully able to meet the same, provided I beg to draw your attention to the item they follow a conservative policy. Boforo "interest account, T. 9,861.48, which closing, you would no doubt like to have you will notice is about Tls, 3,000.00 less an expression of opinion with regard to the than the previous year in spite of our working of the cotton anti-adulteration Having maintained night work since Feb-association. There is no doubt that this ruary This is due to our having con. association has brought about a great im provement, and has proved of great ad- tinually found a ready sale for our yarn. You will also note with satisfaction that vantage to the mills; on the other hand, we begin the New Year with a, credit I am inclined to think that the drawing balance at the Bunk and a fair supply of of samples from bales out of every 100 cotton. In order to explain to you the does not form a suficiently reliable test. present financial situation of our mill, Our experienes is that there is an enor-THE Business of the shore Bank is con I would claim your attention for a few mous discrepancy in the moisture between Provided that you pass the individual bales, consequently, if samples

ace.

drawn from so few bajes, the selection accounts in their present form, our plant of the bales should not be left entirely in machinery, buildings and furniture

the hands of an official of the association. stand in our books at Tia 588,103.89, or, say, Tls. 20,40 per share. We have, how. The mill managers, who see all the cot ever, in addition, written off annually ton that is delivered, are surely better in sums amounting to about Tis. 10,000.00 a position to draw really representative out of working account for renewals and samples, and it would consequently be repairs, and in this way have approximore satisfactory if the mill manager and the representative of the association were histely written off a further Tls. 100,000.00, in future to jointly draw the samples. which, if taken into account, will bring Before I sit down I regret to have to down the cost per share to approximately

Mittag, has intimated that owing to Tls. 344 per share. If you compare This announce that our Chairman, Mr. M. with the original cost of the above mon tioned itcans, which

Tl pressure of business he is compelled to totalled 955,262,54, or, say, Tis. 48.25 per share, you resign his scat on the board. Mr. Mittag

AUSTRALIA AND CHINA, will find that your Board have depre has been on our Board since 1902 and we

S ciated the cost of buildings, plans, ete, very much regret to lose his valuableTHE CHARTERED BANK OF INDIA INCORPORATED BY ROYAL CHARTER, 1853. from Tls. 48.20 to Tls. 1.5 per share, in services. This, gentlemen, is all I havo

HEAD OFFICE-LONDON. addition to building up a reserve or divi- to say, and should any of the shareholders dend equalisation fund of TIs. 65,259,52. wish to ask any questions, I shall be This, gentlemen, I think, is very satisfac- pleased to answer them to the best of my

ability." tory, the more so, if we take into con- sideration that our property, which

The motion was agreed to. stands in our books at fls. 131,348.16, is

The Chairman proposed and Mr. R to-day worth nearly double this amount.

the report and You will no doubt be glad to hear that Schulze seconded:"

On the motion of the Chairman, a representative of the suppliers of the accounts, as presented, be passed. machinery, who inspected our mill about seconded by Mr, A. Hoettier, it was de a month ago, informed us that

You cided that a dividend of Tls. 5 per share CUERENT ACCOUNTS opened machinery is in excellent order.

shorter periods at rates which will be quoted will notice that in the place of the reserve be paid for the year ender 31st DecemIXED DEPOSITS zeciwod for 1 year or

WM, DICKSON fund we now have a dividend equaliza bor, 1912,

Mr. Ch. Arnhold proposed, and Mr. on application.

Manager tion fund, which, if you adopt the

A. Hoettler seconded, that the appoint-

1ལང accounts submitted to you, will amount to Tls. 65,280,62, or 8 per cent. of the ment of Mr. O. Mordhorst as a director

be confirmed. Carried. capital. In former yours, when we were

Mr. Burnie proposed, seconded by Mr. under German jurisdiction, we were com pelled to write part of our profts Owen, that Messrs. A. Hoettler und E annually to a reserve fund irrespective of Schulze, be re-elected directors of the the amounts written off for depreciation, Company. Carried.

123-5

our

No questions were asked.

Mr. E. Mortimer Reid was re-elected

but, as we are now wider the Hongkong auditor of the Company, on the motion of Ordinances, your directors decided about

Depositors may transfer at their option balance $100 or more to the HONGKONG AND SHANGHAI BANK to be placed on FIXED

For the HONGKONG AND SHANGRA DEPOST at 4 per cent, per annard.

BANKING CORPORATION.

N. J. STABB,

Objet Manager Horgaong, let July, 1911.

PAID UP CAPITAL RESERVE FUND... RESTRYS

***

HEAD OFFION:

40. Threadneedle Street.

Bombay,

Celcutta,

Howrah.

Delhi.

Madras,

Karachi.

Rangoon,

Colombo.

LONDON, E.Q.

BEARCHESE

Kandy.

Galle

Singapore.

Penang.

£1,500,000

1,195,000 562,000 365,000

Kota Bahru, Kelantan. Kuala Lumpur, F.M.8. Hongkong. Shanghai.

AGENTS IN JAPAN :

Merara, JARDINE, MATHESON & Co., Lær.

BANIBES:

BANK OF ENGLAND. LONDON JOINT STOCK BANK, LTD. Every description of Banking and Exchangs and Ebarea basisese transnoted, Stocks, bought and sold on account of Constituents Letters of Credit granted on Agents and INTEREST allowed on Current Acconnie af Correspondents all over the world. 2 per beat, per annum on Daily Balazce sud on Fixed Deposits at rates which may ascertained on application.

F. C. MACDONALD, Menager. Hongkong, 7th September, 1912

909

HONGKONG HAY

BANKING CORPORATION.

PAID UP CAPITAL RESERVE FUND

$15,000,000

£1,500,000 at 2/315,000,000

£1,200,000 £1,650,000

....£1,200,000

STERLING

SILVER

OF LIABILITY

FROPRIETORS

FOREIGN EXCHANGE and General Banking business tropracted.

Hongkong, 12th April, 1913,

zud

INTERNATIONAL BANKING

CORPORATION.

60, Wall Street, New York

a year ago that, as the depreciation fand the Chairman, seconded by Mr. Hoettler.HEAD OFFICE:

The Chairman then announced. that now amounted to a very considerable figure, it would be more in the interests dividend warrants would be posted the London. Oryzon 36, Bishopsgate, E.C.

following day. terminated.

of the shareholders to convert the reserve fund into a dividend equalization fund.

I now come to the remaining items of our halance sheet:----

Stock

Sundry debtors

Shanghai cotton anti-adulteration

association

The proceedings then

PASSED THE CANAL,

Tls. 390,231.10 45.789.24

January 14th Australien, Derfinger, Liberia, Ping Suey, Priam, Suevia 2,000.00 Africa. 17th-Andalusia, Austria, Erroll 4,044.99 Lutzow, Munsaster Castle, Silesia, Tange 43,187.86

Müra, Yangtze, Paul Lecat 21st Keeman, Miyasaki Haru, Myrmidon, Tls. 475,273.40 Stentar, Aireus, Ecclesia. 24th Caledo

Unexpired fire insurance premium Cash hand

Deduct therefrom

Tis. Accounts payable

0,483.78 Dividend to be paid.... 100,000.00 To general managers... 16,924.66-

Tls. 120,388.44 Leaving us an actual working capital to start to New Year with

BRANCHS8 -

Bomboy

Caloutta

Kobe Manila

Canton

Mezios

Cebu

Panama

Colon

Peking

Shanghai

Empire

Hongkong

San FrancisDO

Yokohama

Hankow

87,060,000 CAFITAL AND SURPLUS ...

equal £1,450,000 EVERY DESCRIPTION OF BANKING

BUSINESS transacted. QURRENT ACCOUNTS opened on the usual

terms. DEPOSITS RECEIVED, fixed for one year at 4 porcent. per anom, or for shortes periods, at rates which may be ascer tained on application.

men, Moyune, Perseus, Sicilia, Glenfurg, Nankin. 28th Bencider, Crichas, Ernest Simons, Indrasamha, Peiko, P. E. Fried- rick, Welsh Prince, alesia Annam, 31st- Denbrighshire, Hamo Maru, Kituno Maru, Kleist, New, Ningchow, Sachsen, Egre mont Cr-tie. February 4th-Idomenéus, Fuertes, allerie Keemunt, Nyasza, BILLS NEGOTIATED and COLLECTED. Peleus, Demodocus, Sumatra. 7th De MAIL A TELEGRAPHIC REMIT

TANCES made. In former years aur mill has been layed through Mutilation. Dens of

Amazone-

11th Benarty, LETTERS OF CREDIT and DRAFTS handicapped owing to the lack of sulf Glamit,

granted on all the principal cities in the World. Ghazec, Indran, Nippon, cient working capital, and has conse Brasiliu,

Yorck, Schuylkill quently not been able to continually

Spezia, Scandia,

348,885.06

$17,200,000

$32,200,000

LIABILITY OF PEOPTORS$15,000,000

COURT OF DIRECTORS.

B, H. Dodwell, Esq.

F. H. ARMSTRONG, Esq.-Chairman, Hor. Mr. C. H. Ross Deputy Chairman. IW.L. Pattenden, E

J. A, Plummer, Esq. E: Shellim, Erg. IH. A. Biebs, Beg,

G. Friesland, Esq. C. B. Gubbay, Ey. G. R. Laurent, Esq. F.Lieb, Esq.

CHIEF MANAGER : Hongkong-N. J. ÉTABB,

ACTING MANAGER: Shanghai-A, G. STETHER,

LONDON BAnkers: LONDON COUNTY AND WESTMINSTER BANK, LIMITED. HONGKONG-INTEREST ALLOWED, On Current Account at the rate of Two per cent, per annum on the Daily Balança.

ON FIXED DEPOSITS.

For 3 mouths, 21 per cent, per Annum, For 6 months, 34 per cent. per Annum. For 12 months, 4 par cent. per Annum.

N. J. STABB,

Chiat Manager. Hongkong, 24th February, 1913 THE BANK OF TAIWAN, LIMITED (INCORPORATED BY SPECIAL IMPEZIAL CHAWINE).

THE

Yen 10,000,000 Capital Capital Sakecribed (paid ap) Yen 6,250,CCC Reserve Funden 2,620,000 HEAD OPPION TAIPER, FORMOSA BRANCHES AND AGENCIES:

Swatow Kobe Nagasaki

maintain night work, but the above Swazi, 24th-Aki Haru, Koerber, Prins THE BANK'S CIRCULAR LETTERS OF Amey igures will show you that we are fortun Ludwig, Sambia, Atlantique 10th ately no longer in this position, and, as

I have already pointed out, the mill has Baron Napier, China, Glenlochy, Hyson, conseqently been working day and night yo Maru, Konang Si, Neleus, 21st- since the 26th February, 1912. In order Dumbea, Nore, Polyphemus, Theseus, to illustrate to you that the full capacity Novara. 25th-Benaron, Jason, Kasenga, cannot be obtained from the machinery Monmouthshire, Teenkai, Armenia, unless night work is maintained, I wish to point out that the output of our mill

in 1912 has been increased by 80 per cent.

CREDIT are available dil over th Auping Canton World

Kolng issued. COMMERCIAL LETTERS OF CREDIT Feockey

Shares effected. PURCHASE and SALE of Stocks and TRAVELLERS' CHECK sold and cathed

GEORGE HOGJ, Manager. Hongkong, 2nd Nora bor, 1912

ARRIVALS AT HOME, February 25th-Brasilia, Denbighshire, 9, Queen's Road, our fixed charges for salaries, taxes, etc., Dumbea, Egremont Castle.

compared with the previous year, whilst

Osaka Shangka

Taiman

Tamerl

Tokyo

Tokobams

HONGKONG OFFICE,

3, Das Vaux BOAD,

Current Accounts si red on terras which may be har

Interest allowed Deposite

on apptre ion.

820

K TSUDZURABARA, Mansgar, Eong eng, lit May, 1911,

(1279

JUST UNPACKED.

Splendid Assortment of the following

Latest Novelties:

Up-to-dato Styles Ladies Side cul Back Combe, Slides and Barbettos, Drossing and Scarf Conibs and Fency Combs

The Corverall" Invisible Fringe Nots. Finest Quality Roal Human Hair-India- pensable to the Present Style of Hair Dressing. Light Brown, Mid Brown and Dark Brown.

HOOSAIN-ALI & Co.

No. 14, Queen's Road Central. 145 Hongkong. 21st February, 1912.

NOW READY.

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