1914-02-02 — Page 5

uller Falmert

The Were Marchery of the Last

INAPIER

JOHNSTONE'S

* SQUARE BOTTLE!”

WHISKY.

UNVARIED FOR OVER 150 YEARS.

THE SAME TO-DAY AS IN

1745.

BEWARE OF IMITATIONS.

SOLE AGENTS IN HONGKONG LANE CRAWFORD & CO.

and from Art WISE MERCHANTS.

(65

STOP! LOOK! LISTEN:

DACHS are Coming, and we have RAJUST UNPACKED for the Season:

EADIES'FASHIONABLE SILK NECK WEAR, Best Varied Selection over shown in Our Special Show Case

Finest Quality, Various Designs-Handker shiels, Latest Style Colours, Ninions, Nowos Styl Tweed and Showerproof Hats,

$0. &e...

Come Early before they are Sold Out.

HOOSAIN-ALI & Co.,

10, D'AGUILAR STREET, Hongkong, 26th November, 1913.

THE HONGKONG DAILY PRESS, MONDAY, FEBRUARY 2ND, 1914

COMPANY REPORT.

UNION WATERBOAT CO., LTD.

The annual report and statement of the Company's accounts made up to 31st December, 1613 reads as follows:

The net profits for the year ended 31st December, 1913, after allowing for con- sulting committee and auditor's. fées, amount to 804,744.63.

The general managers recommend the payment of a dividend of 12 per cent, which will absorb $34,653.76 write off $28,000 from the value of the waterbosta, $1,500 off investments, $400 from the value of pipes and staging, and carry forward a balance of 8100.88 to the new account.

Consulting Committee-Since the list. moeting Messrs. P. J. Bisschop and Duncas Clark have resigned, and Mcsere. J.Jonckheer and A. H. Skelton bev joined the committee:

Auditor:-The accounts under review have been audited by Mr. A. O'D. Gourdin

DODWELL & Co., LTD.,

General Managers, Hongkong, 28th January, 1914, -**

BALANCE SHEET 31ST DECEMBER, 1913,

Share Capital~~

JALITIES.

Authorised 30,000.

shares of $10 each. $500,000.00

Issued--27.723 shares of $10

e fully paid"

Sundry Creditors

Unclaimed Dividends

Special pairs Account Insurance Fund

Unused Launch Water Tickets.... Profit and Loss Account, Balance.

$277.230.00

6,672,77

1.391.80

11,956.18

15.000,00

214.20 04,744.63

$377,209.67

WM. POWELL

LTD.

TELEPHONE 346,

NEW STOCK

BLANKETS

ALL SIZES.

SOFT AND WARM.

ALL WOOL.

REASONABLE PRICES.

[627

THE

QUALITY AND DURABILITY

OF

THE

MOUTRIE

is BACKED

PIANO

GUARANTEE

for FIVE YEARS.

PRICES from $385.

MOUTRIE &

BANKS

BANKING

INTERNATIONAL

CORPORATION.

INDO-CHINA BRICKS. TILES, PIPES HAD OFFICE: 60. Wall Street, New York

COMPANY, LIMITED.

ARBETN

Wnterboats 媳线 er

Jast account Les amount writ

ten off

8205,697.15

25,007:15

$180,000.00

BEST FIRE BRICKS AND FIRE

CLAY

TILES.

Pipes and Staging as

per last account.... 8,000.00 Less amount writ-

ten off

400.00

Furniture

[37

Cash in Bank and in hand... Hongkong Bank Fixed Deposit. Hongkong Government Deposit. Shares

130,000.00 500.00

14,121.00

Sundry Debtors

7.740.12

Proportion of unexpired Licenses Stock of Hose, etc.

125.63 271.27

STUHR.

$377,209.67

PROPIT AND JO88 ACCOUNT FOR THE YESE. ENDING 318 Decesinen, 1913. Dr.

To Consulting Committee's Fees. 8. To Auditor's Esc

To: Balance

LONDON OFFICE: 36. Bishopsgate, E.C.

BRANCHES ;-

Bombay.

Kobe.

Calcutta

Manila.

Cantoo.

Mexico.

Cobu.

Panama.

Peking

Empire,

San Francisco.

Hongkong.

Shanghai.

Haukow

Yokohama.

Colon.

equal

TH

CO., LTD.

BANKS

(514

VEL CHARTERED BANK OF INDIA,

AUSTRALIA AND CHINA.

INCORPORATED PT ROTAL CHARTER, 1853. HEAD OFFICE-LONDON.

Faid-up Capital...

Reserve Fund

CURRENT

LI

£1,200,000 £1,700,000

A. 8. HEWETT,

Acting Manager:

[1494

BRAND

STUHR'S CAVIARE FILLETED ANCHOVIES.

ANCHOVY PASTE.

Sold by all High-Class Provízión Dealers;

G. F. STUHR & CO., Haenkung..

Indents through European Exporters only,

208

WHITELEYS

THE

LARGEST BRITISH STORE IN THE WORLD.

Hus rated General Catalogus (1,250 Pages) Mailed Free

WHITELEYSİ LONDON W

нед SPECIAL APPOINTMENT 30 31 THE KING

WAL WHITELEY LTD.

SANTAL MIDY

These tiny Capsules

superior

to Copaiba, Cubebs, and Injec tions CURE the same di-

seases as these drugs in FORTY-EIGHT HOURS

without inconvenience. Each Capsule bears the name.

Paris, 8, rue Vivienne. Sold by all Chemiste.

THE NEW FRENCH REMEDY. THERAPION No. 1 THERAPION No. 2

CURES DISCHARGES, ESTER, STOLT INOSA.

OURED BLOOD FOROS BAD LEGS, XX ERUPTIONS,

THERAPION No.

CORES CHRONIO WHANKKEESS, RAID, LOT VIGOR,&c. BOLD BY LEADING QURMISTE PICMIA MNGLAND, 20. BAND STAKE ¿DURBĖS ENVELOJE JÖN FREE 2 La Class Ms. Co. HaveAstor BD. Hamrsinan, London, PRY NEW DRAGEN (KARTELU95) PORK OF

THERAPION

A GURE FOR YOU

RAKE IS TAXT LATE AND LASTING CURR

33. THẤT. SEAD WA KO WORD "IETAVICO LÀ ĐI ELIT. GOTS, BEAMT AFFIXED TO ALL, GENUINE PARKIES. INSIST ON HAVING TEERAPION

[175

1-481

7:000.00 116.00 126,795.65

600.00 100.00 64,744.69

$66,444.69

PACENTED ROOZATE

Guaranteed against Typhoon and Leakage.

MORE THAN TEN MILLIONS IN USE IN THE FAR EAST. SAMPLES AND FULL PARTICULARS FROM

P. SOFFIETTI & Co., 14, DES VEUX ROAD. TEL. 289. ALWAYS IN STOCK.

China. Supposing that we contract a big loan and that we put the borrowed money on the foreign market for the purpose of lovelling the rate of exchange, what will happen to us? It is most probable that! wo will experience the injury of the deal before there is hope of profit therefrom. We can easily balance, perhaps, the rate

By Balance frem last account.... 8 67.99 of one country where the borrowed money

By Interest

By Dividends on shares

4,430.97 1,967.30 50.00

is circulated, but it is impossible to con- trol the exchange rate in the other coun tries." Although the gold exchange By Front on Trading for the year 58,980.03 standard is good-in its way, it is most

By Transfer Fees:

$85,444.63

DODWELL & Co., LTD.,

General Managers. I report that I bare nudited the above balance sheet with the books and vouchers of the Company in Hongkong and that in my opinion such balance sheet 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, 1918. according to the best of my information and the explanations given and as shown by the books of the Company. I have oleind all the information and explanations I have required.

A. OD. GoUROIN, Auditor. Hongkong, 28th January, 1914.

CHINA'S NEW CURRENCY LAW.

WHY THE SILVER STANDARD IS ADOPTED.

In the new Law for a national currency which has just been published the follow ing reasons are given for the adoption of the silver standard

difficult to be carried out. The bi-metallic, gold-exchange and gold standards are not suitable to the needs of China; the only one that is left is the silver standard. If we consider the tendency of the world, we believe that the tilver standard cannot be long used without being injurious to the country, but a bad currency standard is better. than none at all. What distresses China 1st at present is the lack of standard. Rather than dreaming of a good standard, which the finance of the country does not

allow

us to haw, thereby delaying currency reform with no benefit to the country, it is better to pick up a standard that can easily be carried out, in order to reform the currency.

We use the easy standard as a ferry-boat, so to speak The period for the use of the silver standard should be made as short as possible. Although the Government is going to adopt the silver standard, it is paying constant attention to the conver the gold standard. sion plan regarding the conversion into. In drawing up the currency law, and the regulations for the banks, we have had this in view.

TO LET

TO LET.

ERION, No. 9 and 10, PEAK, Unfurnish

ed. 6 Rooms. Cheap rental, from Is. December, 1913, Nexly Painted and Colour

In reforming the currency system, the most important step is to select a definite standard. There are four standards in all, namely, bi-metallic standar 1, gold standard, gold exchange standard and silver standard As to the bi-metallic standard, it is not suitable to China. Countries in Europe and America have experimented with it several times, and found it unworkable. This can serve as a warning to us and therefore the adoption of a bi-metallic standard for China is out of the question. As to the gold stan- dard, we all know that it is

a good standard, but China cannot adopt it first because the amount of gold in China is not enough to make gold coins for circulation. If we buy gold from abroad, great expense will be involved. To Let, Furnished, for one year, from 1st May Should we purchase foreign gold, what 1914, are we going to do with the large amount,

washed,

ONE SMALL, GODOWN in Dadde

Street.

No. 3, THE ALBANY, Robinson Road, No. 19, SHELLEY STREET. "KELLETT CREST," No. 66, THE PEAR from 1st March, 1914, Partly Furnished.

No. 5, CAMERON VILLAS, No. 59, PZAK

{1049-2

TO LET

TO LET RST FLOOR of No. 4. DES VEUX BOADCENTRAL, suitable for Offices Occupation from let March nest.

Apply to

DAVID SASSOON & CO., LTD.

[167: Hongkong, 14th January, 1914.

TO LET. URNISHED, for Serer Months from the 1st week in March, 1914, No. 6, TH

Apply to

DR. G. M. HARSTON. Hongkong, 31st December, 1913.

PEAR

TO LET

CAPITAL AND SURPLUS Gold $7,000,000 £1,490,000 EVERY DESCRIPTION OF BANKING

BUSINESS transacted. CURRENT ACCOUNTS opened on the usual

terms.

DEPOSITS RECEIVED, fired for one year at 4 per cont. per annum or for shorter perioda, at rates which may be ascertained on application. BILLS NEGOTIATED and COLLECTED. MAIL

TELEGRAPHIC REMIT TANCES made. LETTERS OF CREDIT and DRAFTS granted on all the principal cition in the World.

and

THE BANK'S CIRCULAR LETTERS OF

CREDIT are available all over the World.

COMMERCIAL LETTERS OF CREDIT

issued. PURCHASE and SALE of

Shares effected. TRAVELLERS' CHECKS sold and cashed

GEORGE HOGG, Manager.

9, Queen's Road,

Hongkong, 21st October, 1913.

[119

T

OUR-ROOMED HOUSES in Granvil

Avenue and Salisbury Avenue, Kowloon Cheap rentals,

SHOP with GGDOWN attached, Nathan Read, Kowloon. Kowloon Marine Lot No. 18. with Wharf.

A FLAT is Humphreys Buildings. Apply to

Reserve Liability of Proprietors £1,200,000

FOREIGN EXCHANGE and General

Banking business transacted.

ACCOUNTS opened and FIXED DEPOSIT received for 1 year or shorter periods at rates which will be quoted en application.

Hongkong. 14th April, 1013..

THE

SPECIE

У ОКОНАМА LIMITED

Authorised Capital ... Paid-up Capital.... Reserve Fund

BANK,

Yen 48,000,000

30.000.000

IF

18,550,000

**

HEAD OFFICE-YOKOHAMA. Branches and Agencies at

Liao-Yang Ryojun

Anfang-Hsin

Calcutta Bombay

Londoa

(Port Arthur) San Francisco

Los Angeles Shanghai

Lyons Tiebling

Feuglion (Makden) Nagasaki Tientsin

Changchua

Dairen (Dainy)

Stocks and

Hankow

Harbin

Honolulu

Kobe

[190

HE BANK OF TAIWAN, LIMITED.

(INCORPORATED BY SPECIAL IMPERIAL CHARTER).

Capital...

Nowohwang Tokyo

Now Tork Osaka

Peking

INTEREST ALLOWED ON CURRENT ACCOUNTS. Deposits received for fixed periods at rates

EISHI ONG, Manager. Hongkong, 30th September, 1913.

to be obtained on application.

TH

THE

Yen 10,000,000.

8,450,000 2,620,000

Capital Subscribed (paid up), Reserve Fund

HEAD OFFICE TAIPER, FORMOSA

Kobe Canton Nagamki Takyo

Yokohama

Amoy

BRANCHES AND AGENCIES !

Swatow

*Tainan

Anping

Tamsul

HUMPHREYS ESTATE & FINANCE

Co., LTD.,. Alxandra Buildinga. Hongkong, 30th January, 1914.

Foochow Osaka

Keelung Shangbai

(139

HONGKONG OFFICE,

TO LET OR FOR SALE:

MODOWNS at 98, 934, 99 and 99A, Praya

Enst Apply to

HONGKONG, CANTON & MACAO STEAMBOAT. Co., LT,

Hotel Mansions, Hongkong, 4th September, 1919,

TO LET.

3. DES Vecx Roan. Intereat allowed on Current Accounts, Deposits received on terms which may be. had on application.

K TSUDZURABARA, Manager. Hongkong, 1st May, 1913.

[1272

149

HONGKONG

No. 1, “DURBAR VILLAS," Kowloon.

Apply to ANI

SPANISH DOMINICAN PROCURATION. Hongkong, 3rd January, 1914, [ 22 TO LET.

CHOP, No. 12, Queen's Road Coutral.

No. 9, MOUNTAIN VIEW; PEAK. 2, FATRVIEW, Nathan Road, Kowloon..

Apply to

M. J. D. STEPHENS. Hongkong, 11th Deesmber, 1913.

1 CAMERON VILLAS, No. 60, PEARS

of silver now on the market, which will To Lot, Furnished, for 1 year from last May cause a great padle in the financial worldi

ROGATE, Austin

if the utmount is not well disposed of. Unfurnished. Secondly, because it is the temperament

Road, Kowloon

"i

No. 68. PEAK, MOUNT KELLETT

of the Chinese people to horde up every-(Church Mission Society Bungalow), From thing which they can lay their hands 18 October, 1913, till 30th May, 1914 upon Those who see gold coins which Partly Furnished. Cheap rent.

are attractive will keep them if they are

financially able to do so. They will prob- ably hide thera somewhere. The coins are

FOR SALE.

"GLENSHIEL,"

AND

SHANGHAI

BANKING CORPORATION.

Paid-up Capital Reserve Funds -

Sterling

$15,000,000

£1,500,000 at 2! -$15,000,000 Silver...

$17,000,000

$32,150,000 Reserve Liability of Proprietors $15,000,000

ܪ܂

COUET OF DIRECTORS.

S. H. DODWELL, Esq.-Chairmão.

Hou. Mr. D. LANDALE-Deputy Chairman.

G. Friesland, Esq.

WL. Pattenden, Esq. ILA. Sioba, Esq. Hon. Mr. E. Shellim.

J. A. Plummer, Esq.

B. Goetz, Esq.

[E7

C. S. Gubbay, Ess P. H Holycak, Esq.

C. Landgraf, Esq.

TO LET

FFICES, ROOMS, and GODOWNS, on 124, Barker Road Send Floor, No. 14, Das. Voeux Road Central, the Premises now oconpied by The South China Morning Post, Limited.

Possession, 1st May, 1914, or earlier.. FLATS, WILD DELL" Wanchai Road. "HOMESTEAD," No. 45, Peak. Immediate

the medium of exchange, and when they 5 ROOMS, close to Team Station. are thus stored up, the result will be great inconvenience to the public.

For these

FOR SALE.

3rd Floor, Alexandra Buildings, Hongkong, 12th January, 1914.

TO LET.

*HARTING and ROGATE,” on part of various reasons, though knowing that the gold standard is a good one, we believe Kowloon Inland Lot No. 1154. that it is not wise to adopt it abruptly. Apply to LINSTEAD & DAVIS, With regard to the gold exchange standard, it is usually adopted in the countries where gold is scarce for the purpose of levelling the rate of foreign exchange. It serves its purpose, and such a standard is adopted only in the colorite where it proves useful. The reason is that the colony can always look up to the mother country for relief in time of need. The condition in our country is quite différent, and thus there can be no com parison formed between a colony, and

ALTA, MOUNT KELLETT (65, THE PEAK), for 6 or 7 months from April 15th, 1914, Fully Furnished. SIX ROOMS,Electric Light throughout, Croquet Lawn

Apply fo

W. D. GRAHAM, 65, The Peak. Hongkong, 19th December, 1913. [117

possession.

Apply to

SANG KEEWA Care of COMPRADORE DEPARTMENT,

Hongkong and Shanghai Bank. Hongkong, 28th October, 1918,

TO LET.

FFICES in King's Building.

OF

60

AP HONGKONG LAND INVEST,

MENT & AGENCY CO., LTD Hongkong, 1st February, 1914.

15€

CHIEF MANADER: Hongkong-N. J. Srann.

MANAGER: Shanghai A. G. STEPHEN.

LONDON BANEERS: LONDON COUNTY AND WESTMINISTER. BANK LIMITED.

HONGKONG INTEREST ALLOWED.

On Current Account at the rate of Two per cent. per annum on the Daily Balance. UN FIXED DEPOSITS.

For

3 months, 2 per cent. por Annum For 6 months, 8 percent. per Annum For 12 months, 4 per cent, per Annum

N. J. STABB,

Chief Mausger. Hongkong 9th January, 1914,

15

[404.

DANK OF

£1,500,000

MERCANTILE

INDIA, LIMITED.

Authorised Capital

Sulwaibed

Paid-up

Reserve Fund

BANKERS: Bank or EyeLAND, ard

1,125,000

562,500

415,000

LONDON JOINT STOUT BANK, LIMITED..

INTEREST allowed on Current Account at 2 per cent, per annum on Daily Balance and on Fixed Deposits at rates which may be ascertained on application,

A. R LINTON, Manager Hongkong, 14th July, 1913.

1788

HONGKONG SAVINGS BANK.

THE

THE Business of the abero Bank is con ducted by the HONGKONG AND SHANGHAI BANKING CORPORATION. Rules may be obtained on application,

INTEREST on deposits is allowed on the Minimum Mortaly Balances at à por cont. per annum

Depositors may transfer at their option balances of $100 or more to the HONGKONG AND SHANGHAI BANK to be placed on FIXED DEPOSIT at 4 per cont. per annum,

For the HONGKONG AND SHANOKAI

BARKING CORPORATION,

N. J. STABB,

Chief Manager. (16

Hongkong 1st July, 1911

EDERLANDSCH-INDISCH

HANDELSBANK.

(NETHERLANDS INDIA COMMERCIAL BANE.)

ESTABLISHED 1863.

Authorized Capital F1. 20,000,000 (£2,500,000) Paid-up Capital... F1, 17,407,000 (£1,450,589) Reserve Fund. Fl. 6,518,000 (£843,168)

HRA OUITOE: AMSTERDAM. HD AGENCY: BATAVIA

LONDON BANKERS: THE WILLIAMS DEACONS BANK. SWIBB BANKVEREIN,

The Bank transacts every description of Banking and Exchange business, receives money on Current Account and on Fixed Deposit at rates which may be ascertaine] on application.

G. VERMEY, Manager, No. 8, Das Vox Road Central, Hongkong, 3rd October, 1913.

[21