1914-02-16 — Page 5

acter Fame & In Marchang the lau

WAPIER JOHNSTONE'S

SQUARE BOTTLE "

WHISKY. UNVARIED FOR OVER

150 YEARS.

COMPANY MEETINGS.

THE HONGKONG DAILY PRESSĮ MONDAY, FEBRUARY 1612, 1914

HONGKONG AND SHANGHAI BANKING CORPORATION,

(Continued "from" page(1)

and the offers have proved most autis- actory in every way. The building is one the Bank may well be proud of, and the architect and builders are to be con- gratulated on the efficient and expeditious Thanner in which the work was executed.

Applause) Wo have recently arranged for the purchase of the building in which Pro occupy offers in Calcutta as well as the adibining lot, thus providing for our requirements there for many years to come. The price is about Rs. 8ilaca, and as we shall have to build on the extra

THE SAME TO-DAY AS IN lot, the total outing will be a consider-

1745.

BEWARE OF IMITATIONS.

SOLE AGENTS IN HONGKONG

LANE CRAWFORD

o and from ALL WINE MERCHANTS.

GRACA & Co.

[63

PEDORE ST. (Hongkong Hotel Building). Dealers in

DOSTAGE STAMPS, PICTORIAL POSTAG

able oue, but well justified in the opinion of your directors. The Bank has now secured promises in nearly all the places where it is desirable to have its own. property, so as far as can be seen at present, there is no heavy, expenditure, ahead, except for purposes of rebuilding which may be necessary in the near future in one or twe ports, I shall not refer further to the balance sheet, as there are no items of marked importance calling. for comment. I would mention that your directors are well satisfied with the loyal and able manner in which the staff have worked, and I think you will heartily ondorse our action in voting them a bonus of 10 per cent, on their salaries for the past year. (Applause.) I am pleased to say that all of our offices have done:

WM. POWELL,

LTD.

TELEPHONE. 346,

GRAND DISPLAY

LADIES

OF

***

PRICES

FROM

SHOES

$35

S

"SOROSIS"

HALL-MARK

OF

QUALITY

RACE

TOR THE

WEEK

SPECIAL SHOW IN WINDOW.

[627-

weil and, with the exception of Bangkok, INDO-CHINA BRICKS. TILES, PIPES

POST CARDS, SEEDS, BOOKS, have been free from losses. The loss at

TOYS, &c.

Jver Braits: POSTAGE STAMP CATALOGUES FOR 1914. Hongkong, 29th December, 1919.

(1469

WHITELEYS

THE LARGEST BRITISH STORE IN THE WORLD

Illustrated General Catalogue (1.250 Pages): Mailed Free

BRAND

WHITELEYS LONDON W BV SPECIAL

1.51 THIS KING

AFF INTENT WM-WHITELEY LTD.

STUHR'S CAVIARE

STUHR

FILLETED ANCHOVIES

On Brine).

ANCHOVY PASTE.

"Sold by all High Claes Provision Dealers,

C. & STUHR & CỠ, Hamburg.

indea theough European Exporters only,

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.

Bach Capsule bearé the name. Paris, 8, rue Vivienne

Sold by all Chemisit.

THE NEW FRENCH REMEDY. THERAPION

No.

Bangkok was due to trouble amongst Home of the rice millers, whose bills on Hongkong and Singapore. have been dishonoured, and also to the dishonesty of our own and other Banks' compradores The amount involved is at that place,

in the neighbourhood of 86 lacs, and although we hope to recover part of this, full provision has been made in the meantiine.

THE STATE OF TRADER Speaking generally; conditions dur

latter half of the past the ing year, like the first six months, were favourable for banking busines. Trade continued active, and money in strong demand at remunerative rates in all geld countries. We have had no idle funds in countries working on a gold or fixed exchange basis, as surplus money could be transferred to the most attractive markets without any undue exchange Fisk. In China, however, the case has been different, as the large accumulation of silver funds could not be utilised, and had to remain more or less idle in Shanghai and the other financial centres unfavourable Notwithstanding this

AND

COMPANY, LIMITED.

FIRE CLAY BEST FIRE- BRICKS PATENTED ROOFING TILES.

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 Vœux KOAF, TEL. 289.

ALWAYS IN STOCK

is by any reserve, presents a tinger of daily increasing gravity to the country. Enhanced prices, contracted credit and widespread alscontent are the inevitable results of such a state of things, and all other measures of reform become futile until this evil is removed. I may add that the two monsures to which I have referred namely, currency reform and the redemption of the paper currency, as well as the question of the repayment of outstanding short term foreigh loads many of which are om overdue, are the present moment under the serious, in consultation with the Five Groups, and a scheme is in preparation which it is hoped will furnish an effective solution of these pressing problems. (Applause.) Before moving the adoption of the report and accounts as presented, I shall be pleased to answer any questions you may put to the chair.

1019.2

HUMPHREYS ESTATE & FINANCE CO., LTD.

The ordinary annual general meeting of this Company was held at the Hong kong Hotel on Saturday morning, Mr. Henry Humphreys presiding. There were also present: Messrs. J. Seats Farston, J. W. Bonnar, W. L. Patienden, and Dr. J. W. Noble (Directors), Messrs F. Maitland, H

VICTOR-VICTROLA

TO

$225.

EXCLUSIVE, DISTRIBUTERS:

MOUTRIE'S

BANKS

THE

PRICES

·FROM

$35

TO

$225.

[51-5

BANKS

EDERLANDSCH-INDISCH | THE BANK OF TAIWAN, LIMITED.

HANDELSBANK.

(NBZERLAND INDIA COMMERCIAL BANK.)

ESTABLISHED : 1869.

Authorised Capital Fl:80,000,000 (£2,500,000) Paid-up Capital... Fl. 17,407,000 (£1,450,583) Reserve Fund. Fl. 6,518,000 (£549,160)

FRAD OFFICE: AMSTERDAM, HEAD AGENOT: BATAVIA

LONDON BANKERS:

THE WELLIAMS DEACONS BANK. SWISS BANKVEREIN.

The Tank tramanets every description of Banking and Exchange business, receiver money on Current Account and on Fixed Deposit at rates which may be ascertains on application:

G. VERMEY, Manager, No. 8, Des Voeux Road Central, Hongkong, 3rd October, 1913.

(INCORPORATED BY SPECIAL IMPERIA

CHARTZ).

Capital...

Capital Subscribed (paid up) Reserve Fund

Yen 10,000,000

JI

6,250,000 2,620,000

HEAD OFFICE: TAIPET, FORMOSA.

BRANCHES, AND AGENCIES:

Aunoy Apping Canten Foochow Keelung

Swatow

Kobe

Tainan

Tamsui

Nagonski Tokyo

Osaka

Shanghai

Yokohama

HONGKONG OFFICE,

8 Des Yeux Ron. Interest allowed on Carmont Accounts, Deposits received on terms which may be had on application.

K. TSUDZURABARA, Managor. Hongkong, 1st May, 1919. [21

HE CHARTERED BANK OF INDIA, T AUSTRALIA AND CHINA

www.

INCORPORATED BY ROYAL CHARTER, 1863. HEAD OFFICE-LONDON,

£1,200,000 Paid-up Capital........ Reserve Fand

£1,700,000 Reservo Liability of Proprietors £1,200,000 FOREIGN EXCHANGE and General

ACCOUNTS opened and FIXED DEPOSIT received for 1 year or shorter periods at rstea which will be quoted

application.

exports, though with the exception of consideration of the Chinese Government, Percy Smith, D. E. Clarke, W. Stapleton, Banking business transacted

C 3. Buyers, C. Bunje, A. V. Apcar and G Rapp (Secretary),

The Secretary having read the notice convening the meeting,

and

Hongkong, 14th April, 1919.

Antung-Hain Calcutta Bombay

Changchun

Acting Manager

[1494

BANK,

ม

Yen 48,000,000 30,000,000 18.550,000

HEAD OFFICEYOKOHAMA, Branches and Agencies at

Liao-Yang Ryojun

(Port Arthur) London San Francisc TrAngeles Shanghai Lyons Tiebling Fengtien (Mukder)Nagasaki Tsatsin Hankow

Newchwang Tokyo New York Osaka Peking

Tiron (Dalny)

factor, business, on the whole, was satis factory both here and in the North. The Canton silk trade experienced a flourish ing year and probably merchants goterally have done fairly well in South China, both as regards imports and silk, the tumover may not have been on a very large scale In the Yangtsze Valley and the Northern provinces, crops

The CHAIRMAN said-The report and were not quite so good as those of the previous year, but the volume of business The year closed

accounts and auditors report having been in your hands since th inst., 1 was well maintained.

propose, with your permission, to take with both import and export trades in a

them as read. The net profit for 1912 is! favourable position, and a hopeful feel

Thers being no questions the CHAIRMAN

THE ing prevailing as to the immediate

into accourt that 1912 had the benefit of prospects in the North. A serious handi- proposed the adoption of the report and $6,001.93 less than in 1912, but taking

LIMITED cap to trade, however, is the chaotic state fatement of accounts as presented of Provincial noto issues, to which I am Mr. Chairman, I rise with much plessure 1913 only $13,507.04 of similar profts,

Mr. TE HOUGH in seconding said 82,135.72 of non-recurrent profits and YOKOHAMA SPECIE

1913 is in a sense an improvement on 1912

Authorised Capital.... referring later, Kwangtung appears to

to the extent of $3,627.76 Rent account

Faid-up Capital... bo suffering in a much greater degree to second the proposition just put by you

Reserve Fund than any other Province in this respect; that the report and statement of accounts. the steady decline in the value of proving presented be adopted. Gentlemen, the shows a net increase of $12,852.64, which cial notes in Canton (the present Chairman has told us that it is gratifying would have been larger still but for the quotation being about 60 per cent of to the Court of Directors to again mech military giving up three shops and eight

shareholders with records of such a houses. Some of these are still unle

This their face value) is naturally having a vory depressing effect on trade in South satisfactory result as that of the working Repairs appear unusually heavy.

The figures are is accounted for by the fact that we had China, and until the finances of the for the last half-year Province are put on a sound basis, the detailed in the accounts under their to pay the lanes of the contract for 208 business outlook, locally, will continue to several headings, and for my part I fully repairing our Chinese houses to which be somewhat gloomy, General conditions appreciate his lucid explanation of the I made reference at our last meeting

recommended. This item alone, with extras in China during the six months under various appropriations review pay be said to have shown a notably one which appeals to me as worthy architects' fees, amounted to upwards of of special mention, viz., the continuation uarked improvement. An attempted.

number of houses to repair, and repairing Honolulu

Кова rebellion in the Yangiste region last by the directors of their policy of caution 5,000; moreover, we have now a larger Har bizs autumn necessitated the assertion of italin such material strengthening of our

I welcome the dividend work is much more costly than it used to be. Insurance reserve fund has been authority by the Central Government, and reserve fund. the Grmness with which the outbreak was declared, and the bonus we are to receive,

Deposita received for fixed periods at rsier quelled bas gone far to restore that cor and hazarding an opinion born of the increased by $7,506.38, which sum repre- INTEREST ALLOWED ON CURRENT ACCOUM. appreciative expression on your faces, I sents 2,566.35 fire risks underwritten by

FISHI OYA fidence the country which is

Matags necessary condition of prosperous trade. gather, it is none the less acceptable to ourselves, plus $5,000, transferred to the to be obtained on application.

you. (Applause.) With regard to the credit of this fund from 1912 profits. The

Hongkong, 30th September, 1913. The result has been seen in the largely reserve fund investments, the Bank I only building operatious we have on hand] increased receipts of the Maritimer Customs during the fatter months premises accounts and the arrangements at the moment aw the ercation of four of the year. the collection for 1913, in for the purchase of the Calcutta Bank four-storied Chinese houses on K.H. fact. exceeding all previons records. ad property, I can only express satisfaction, Lot No. 48 The erection of the pro-

[T the Customs administration has performed and tender my thanks-in which I ask jected houses on the site above May the unprecedented feat of paying the you to join-for the able manner these Road has not been commencer, the con- matters have been dealt with at the tractor who signed the plans and contract entire service, not only of the ordinary different times when the necessity for having failed to proceed with his contract foreign debt secured upon its revenues,

arisen, after doing some work of little or ao with. them dealing

las

Further tenders were obtained, but also of the Boxer indemnity, an obligation which, in previous years, has (Applause.) I am very glad to hear from value.

of the houses a business proposition. had to be largely met by contributions our Chairman that conditions in China but none low enough to make the erection

With have, during the period under review, from the salt and other taxes.

shown improvement As a result, I look Your directors now contemplate erecting regard to the salt revenue, its receipts forward to: a renewal of commercial flats on the site instead of houses. I trast

administration under the new

you will approve of the proposed transfer

LONDON JOINT STOCK BANK, LIMITES. exceeded the most sanguine expectations, activity which will be most welcome to us

all. There is one other point touched from profits of $3,000 to the credit of although the reforms introduced under.

INTEREST allowed on Current Account the able guidance of Sir Richard Dane upon by our Chairman to which I feel typhoon and foods insurances fund. You can only be said to have become affective that I must refer: the matter of the bonus may remember that this fund was con-

I have no further and on Fixed Deposits at rates which may during the last few months of 1013. Clive voted by the directors to the staff. Gentle siderably depleted by the typhoon and at 9 per cent per annum on Daily Balance a continuanes of present conditions, men, they look after our interests well, floods in July, 1908.

A. R. LINTON, Manager. is anticipated that the collection of the and I heartily appland the action of the remarks to make, but if any shareholder he ascertained on application,

783 to answer them. current year will yield, on a conservative directors, which connet but inspire further has any questions to ask I shall be pleased

Hongkong, 14th July, 1913. estimate, a large surplus, which will be endeavour to the continued success of our available as security for the further bor great institution. (Applause) rowing which China must yet undertake in order to carry to its completion Ler

Dr. J. W. NOBLE proposed that the programme of reform. The reorganised Salt Gabelle bids fair. in fact, to appointment of Mr. E. Goetz and Mr. C. rival the Maritime Customs as Landgraf as directors be confirmed, and great national Asset and illustrates that the Hon. Mr. E. Shellir, Mr. W. that administration, L. Pattendea and Mr. S. H. Dadwell be does advantages which will accrue to Chini re-elected directors.

Mr. A. E GRIFFIN seconded, and the

MINICAINKO, KIRLIEN SEE, WIHOGY SZTKUNI į

CKER BLODS FOONBAD LEN SELT KAPITIONS

THERAPION No. 2 THERAPION No. ₫

OCALA IRONIC VINNEMER, DRAINS, KAMT VISO2, 4a. BOLD. BY DEADUTO ETIENNE, VENCE ENGLAND, 2

BEST STAMP SWILKES ENTZLASE FOR

FREE BOOK RO R. Lars M

Co

VERNION. HAMZONAS, LONDON,

WRTYAW DRADEK (TANTELZUS) CORE OF

A CURE

BASTO MO TAKE

LASTISK SZEK ANK İZZÁT VALDW KATEED WORD *IERRATION** D

·BRIT. GOTT, STAMP, APTIEKU 20 ATN ORDURON PREACHTS," HOIST ON HAVING THERAPION,

THERAPION D

123-1-

(175

as

have

the

The motion was then put to the meeting and carried nnanimously.

There being no questions, the CHALIMAN formally proposed the adoption of the report and accounts.

Mr. MAITLAND seconded, and the motion was carried unanimously.

by the employment of foreigners of high motion was unanimously agreed to agreed to character and administrative experience

On the motion of Mr. A. FINDLAY Saimu,

seconded by Mr. A. J. P. POMFRET, Mr. J. W. C. BONNAR and Mr.

in the great task which lies before her.

CHINA'S PEDRIEMS.

The CHAIRMAN moved the re-election of the retiring directors (Messre. J. S. Harston, J. W C. Bonnar, WL

Mr. STAPLETO seconded, and it was attenden, and Dr. J. W. Noble). On the motion of Mr. CLARKE, seconded Mr. BUTERS, the auditors (Messr H. Percy Staith and W. Hutton Potts) were The CHAIRMAN That is all the business, Thisuk you for your atten- gentlemen. dance Dividend warrants are now ready, and may be had on application at the Company's office.

148

AND

HONGANNING CORPORATION.

Paid-up Capital Reserve Funds in

[1272

SHANGHU

$15,000,000

Sterling

£1,500,000 at 2/$15,000,000 Silver...

$17,650,000

$32,650,000

Reserve Liability of Proprietos $15,000,000

Cover of DirKoreaḥ,

Hon le D. LANE LB (hairman. W. L. PATTENDEN, Eng.-Deputy Chairman. §. II. Dodwell, Esq. C. Landgraf, Esq. G. Friesland, Esq. E. Goetz, Esq.

C. S. Gabbay, Esq. P. H. Holyoak, Esq.

J. A. Plummer, ey,

Hon. Mr. E. Shellin. H.A.Biebs, Esq.

CRIEF MANAURA Hongkong-N J. STADS,

MANAGER

Shanghai-A. G. SEPTEN.

LONDON BANKER :

LONDON COUNTY AND WESTMINISTER BANK LIMITED.

HONGKONG-INTEREST ALLOWED.

On Current Account at the rate of Two per cent. per sunum on the Daily Balaso

ON FIXED DEPORTS.

For 8 months, 2 per cert per Annum For 6 months, 8 per cert. per Annum For 12 months, 4 per cont. per Annum

N. 7. STABB,

Chief Manager,

Hongkong, 16th February, 1914.

INTERNATIONAL

CORPORATION.

BANKING

HEAD OFFICE: 60, Wall Street, New Yo LONDON OFFICE 36. Bishopsgate, EC.

BRANCHES

Bombay, Calcutta: Canton.

EE

MERCANTILE

INDIA, LIMITED.

Authorised Capiläi

BANK.

0.

Bubscribed 가 Paid-up Reserve Fund.

£1,500,000 125,000 562,500

415,000

Cebu.

Colou

BANKERS:

Empire.

BANK OF ENGLAND,

...........and

Hongkong

HONGKONG SAVINGS RANK. THE Bness of the above Bank is con- ducted by the HONGKONG AND

Hankow.

Robe.

Manila.

Mexico. Panama.

Pering

Saa Francisco.

Shanghai.

Yokohams.

CAPITAL

AL AND SURPLUS Gold $7,200,0

equal

£1,480,0

BUSINESS transsited. CURRENT ACCOUNTS need on the u EVERY DESCRIPTION OF BANKIN

DEPOSITS RECEIVED, fred

ed for

one ye

r

at 4 per coat. per annum shorter periods, at rates which m be nacertained an application. BILLS NEGOTIATED & COLLECTE) FRENT MAIL and TELEGRAPHIC TANCES made. LETTERS OF CREDIT and DRAFT

granted on all the principal cit In the World.

Rules may be obtained on application. SHANGHAI BANKING CORPORATION

INTEREST on deposita is allowed on the THE Minimum Monthly, Balances at 33 per cent por s

CREDIT are availble all over the BANK'S CIRCULAR LETTERS UN

World.

Foremost among the problems with which F. MAITLAND were re-clected auditors for reelected at a remuneration of $130 each AND SHANGHAL BANK to be placed on FIXED) PURCHASE and SALE of Socks an

China has to deal are those of currency the year

and conversion

The CHAIRMAN-That is all the business, reform" and "the rehabilitation of the heterogeneous, note gentlemen, and I thank you for your circulation with which the provinces attendance. The dividend warrants will have been flooded, the steady depre- be ready on Monday. ciation of which, unsupported as it The meeting then terminated."

Shares, effented: TRAVELLERS' CHECK sold and cashe

Depositors may transfer at their option† COMMERCIAL LETTERS OF CREDI

issued. balances of $100 or more to the HOMOKONG

For the HONGKONG AND SHANGHAI DEPOSIT at 4 per cent, per annuza, BANKING CORPORATION,--

N. J. STABB;

Chlef Manager Hongkong, 1st July, 1911.

GEORGE HOOG

Manager.

T16

9, Queen's Road,

Hongkong, 21st October, 1913.