1914-03-06 — Page 3

Page

TELEGRAMS.

{"DER OSTASIATISCHER LLOYD "

SERVICE

CHINA SERVICE.

THE PRODUCTION OF OIL.

JAPANESE PROTEST AGAINST THE STANDARD OIL CONCESSION.

PEKING, March, 3rd

Hsiung Hsi Ling has been entrusted with the supervision of the Chinese oil production.

Theo Manchurian Daily News reports that the Japamse Minister has protested against the conclusion of the agreement with the Standard Oil Co.

THE SALT ADMINISTRATION.

PEKING, March 5th.

SUPREME COURT.

IN ORIGINAL JURISDICTION.

THE HONGKONG DAILY PRESS, FRIDAY, MARCH 6TH, 1914

THE CHUNG SAU NAM CASE.

ANOTHER APPEAL BY SIR FRANOIB PIGGOTT.

At the Full Court yesterday, Bir BEFORE THE CHIEF JUSTICE, SI WY. RE Francis Piggott made an application for

DAVIES, K,C.

special leave to appeal to the Privy Council in connection with the decision of case. He also applied for stay of sur. the Full Court in the Chung Ban Nam render, pending the appeal.

OLALI EDR 885,000, The hearing was resumed of the action in which the plaintiffs, the Great Eastern Bmolting and Refining Company of San Francisco, claimed from the defendant,

COMPANY MEETING.

HONGKONG AND KOWLOON WHARF

AND GODOWN CO., LTD.

shareholders in the above Company was The 27th ordinary annual meeting of held at the offices of Messrs. Jardine, Matheson & Co., yesterday morning, the Hon. Mr. David Landale presiding The Directors present were:Sir Paul over a large attendance of shareholders.

AT. BOWLEY-Are the launches and lighters of the Company fully insured against marine risks, including fire and tempest 1

INTIMATIONS

The CHAIRMAN - The Launches and PUBLIC OPINION lighters are insured against total loss by of their value. The Insurance Company typhoon only, to the extent of 50 per count insist upon our taking one-half of the

risk.

against fire and tempest?

Mr. Boyy Are the wharves insured

P. Marqués, of Macao, $95,452, being the rules for appeals to Privy Council, and Chater, 0.M.G., the Hon. Mr. E. Shellin of their value, and also against typhoons.

payment of 3200,000 given by the defend balance due under a guarantee for the aut that Messrs. Arndt & Co., Hongkong would repay a lean to this amount.

against fire to the extent of 50 per cent. The CHAIRMAN-The wharves are insured

that? We must take the balance, you understand

Mr. BOWLEY-Yes, sit,

Mr. E. H. Sharp, K.O., and Mr. Eldon where the question involved was of great Bowley, A. E. Crapnell, C. B. Johnson present form, I am very grateful to the

Potter, instructed by Mr. Beavis, of Messrs. Wilkinson & Grist, appeared for Plaintiffs, and Mr. H. E. Pollock, K. C.

oppose the adoption of the report in ite Mr. BOWLEY then said-I regret lo

he has answered the questions which were put to him. An anonymous writer to Chairman for the very kind way in which

to be a shareholder of many years' stand- South China Morning Post, who claima

effects of the 1908.

the

and Mr. F. C. Jonkin, instructed by Mr. it had been supported by, affidavit. The da Silva, T. W Robertson, Lau Siù Ki,ing, and one who experienced the ill. PUTS JOHN HAIG'S WHISKIES

Leo D'Almada, was for the defendant.

Continuing, Mr. Sharp referred to the liability of Mr. Margues under the contract as guarantor. A Presidential mandato notifies that he said, was never specifically discussed That liability, although the recognition of the liability any new Ordinances regarding the pro-way discussed at several meetings, duce of salt requirs the Government's sanction.

COMPULSORY EDUCATION.

PEKINO, March 5th.

The new Minister of Commerce conter plates the early introduction of compul- sory schooling for boys.

ALLEGED POISONING OF A

MINISTER.

PERING, March 5th.

Marques had always treated his contract should not be misunderstood that Mr. as still in force. No repudiation had over been made by him or on his behalf.

convening the meeting,

The Secretary having read the notice

called attention to section 2 of the new At the outset of his remarks Bir Francis

in connection with the extradition of C. S. Gubbay, H. Siebs, H. Schmidt, said that be appealed under that section Messrs. J. W. C. Bonnar, S. II. Dodwell, Chung Sau Nom. The section laid it and O Landgraf. Among the share down that an appeal could be made holders present wore-Messrs. F. B. L. general and public importance That James Walker, B. Fuckham, P. C. Potte, case, he contended, came under that cate A. Ritchie, J. McCubbin, G. Curry, gory. The petition had been aled and J. M. de Rocha, H. M. E. Nemazes, M according to the form recently used; it with Mr. W. B, Brown (secretary). form of the petition had been adopted Captain P. H. Roife, and many others, set out a resums of the arguments, and a point, and it also ventured to suggest that resumé of the decision of the Court on the decisions of the Court on certain points

The CHAIRMAN said-Following the Francis was about to refer to the Counsel, permission were not accurate in law or in fact. Sual procedure I propose with your retained by the Chinese Government,

to take the report and accounts as read. The year 1913, as will when-

bs seen from the report, was one of increasing demand for wharfege and marked progress for the Company, the storage accommodation being the main features of the year's work. To meet this demand your directors contemplation the building of a steamer wharf and godown as soon as the police basin is handed over to us by depth of modern ateamers calls for the Government. The increasing length and

Mr. Pink, & representative of the plain tiff firm, in the course of his replies to Mr Potter, said he heard of the contract did not, and never had, recognised the The Chief Justice intimated that they une Wong Sam Sun. This be heard from Chinese Government in connection with between the Kwangtung Government and Arndt, and he knew very well that Arndt's the matter. He also called Sir Francis were not recognised by the Chinese attention to two paragraphs in the Government, for they had told him that petition which neither his learned brother the Chinese Government would, under no nor himself could assent to. They wished circumstances, deal direct with foreigners. it to be borne in mind that they did not His (witness') firm were cabled to the know anything about the Chinese Govern effect that Messrs. Arndt were good, and ment in the matter at all. he himself was favourably impressed with Arndt at the time. However, before he Sir Francis eventually remarked that he An argument ensued on this point, and soma inquiries at the banks. Arndt having previously told him that the aging Government required $300,000 as security for the carrying out of the The Chief Justice asked Counsel to contract, in Hongkong currency. was in agreement with the cable which asked him to delete or alter, the two That confine himself to his appeal, and also paragraphs which bo had called attention;

have

under

*N-BW:

it would be bad busin

suggests that policy to squeeze

OF WHISKIES IT IS POSSIBLE TO

BUY.

in the way of dividends Well, gentla the last drop of blood out of the Company AT THE TOP. RECOGNIZED EVERY- mon, I thoroughly agree with our anony WHERE AS THE HIGHEST QUALITIES before the typhoon, and I have nothing mous friend I also was a shareholder but admiration for the extraordinary way in which the Company has recovered from wise and able guidance of our former that disaster, thanks, no doubt, to the Secretary, Mr. Edward Osborne I do

to me that the position of the Company's blood out of the Company, but it seems OBTAINABLE EVERYWHERE not want to squeeze the last drop of

health is such that a little blood letting the Company made a clear net profit of might improve the circulation. Last year $420,000 out of its ordinary legitimate

the Chairmen has just told us, after trading after paying all expenses, H. ing For additions to its buildings, which including repairs and renewals, and, as

pay

account. The additions to the might have been charged to capital amounted to 841,967

79

One of the cooks of the late Chao Ping. Paid over the money to Arnde he made would represent the view he took of the provision of a wharf of greater length therefore in an extraordinarily strong

chuen has been arrested on suspicion of having poisoned him. The secret police

are on the track of others.

EUROPEAN SERVICE.

GERMANY'S COMMERCIAL

TREATIES.

matter to the Privy Council. He merely desired to inform his learned friends of his intention in that direction.

than any of our present ones and neces position, as it owns land and buildings The Company R

at our wharves, so that our outlay in the much, all of which are free from sitates a considerable amount of dredging $3,000,000, but probably worth twios Es entered in its books at a value of over

immediate future is likely to be excepto this, the Company owns wherves, tionally heavy. There is under construe

mortgages and debentures. In addition

was sent to his Company. After the money had been paid over a notice to in the petition interrupted with tien a new powerful steam fug to replace which have been written down ich below..

and where a solicitor had assisted the

SOLE AGENTS

RUTTONJEE

& SON,

14, QUEEN'S ROAD CENTRAL,

126

launches, lighters, machinery, and plant. CHS. J. GAUPP

BERLIN, March 4th, The German Minister of Commerce, H.E v. Sydow, informed the Chamber that the renunciation of the treaties of Marques had nu property in Hongkong, of the Crown Solicitor. His friend explaine why your directors do not recon- in the balance-sheet.

& CO.,

AND

books at very nearly 81,000,000. About 3282,000 has been written off these assets their actual value, and yet stand in the

There is, therefore, in existence an WATCHMAKERS during the last two years and this year shormous reserve fund which does not it la proposed to write off $100,000 more.

the reserves of 8000.000 which do appear appear in the balance sheet, in addition to

required for development--as the Chair- The money that is

raised and charged to the capital account man has told us for the construction of raised either by overdraft or by the new wharves and godowns--can easily be

that extraordinary expenditure should ha Issue of debenturea,

accounts. It should be the subject of a loan, which could be paid off gradually in subsequent years. It seems

JEWELLERS.

appeared in a Chinese) the contract with the Mao Sang Com- regard to the point raised by Sir Francis, the old tug Kowion, which was disposed

paper saying that The Attorney-General pany, the company which Wong had that, Counsel on the other side were of at a profit during the time a large referred to throughout the case, had been retained, and that the retaining fees had closed. of the refund of 285,000 to Li in Arndt's The Counsel who had appeared on the the decline in lighter business. In order Witness then heard from Arndt been paid, by the Chinese Government number of lighters were laid up owing to office, that information being subsequently other side had appeared for the Crown, to pay for these requiremcuts it behoves to doubt that. As far as he knew, Mr. Crown Solicitor it had been at the request us to husband our finances, and this confirmed by a letter, and he had no reason

and witness then quite naturally wanted should know that it was a very common a bank guarantee. He communicated this practico, not perhaps so much there as in mend the payment of a large dividend duced named Souza, saying that his firm to be assisted by other Counsel: Even in during the disastrous typhoon of August to Arndt, and a raan, who had been intro other countries, for the Attorney-General Your fleet of lighters suffered heavily required a bank guarantee rather than Hongkong there were cases where it to and September last owing to the fact that Souza he explained, was the man who appear in person, and it was a common both these visitants approached with little

Marques personal guarantee.impossible for the Attorney General introduced Mr. Marques into the transac practice tion as a guarantor.

for Counsel to appear on his Witness subse behalf. That matter did not seem to him

im or no warning. The new tug should be policy followed hitherto as regards duties que remarked that he first heard of to have the slightest bearing on the the means of getting our craft inta i sed, to the working profits of this and foreign trade relations, and care had of November or the beginning of Decem- Bir Francis Piggott

s alleged dishonesty about the end question at all

shelter quicker proceeded with the interpretation of the Order item in the accounts perhaps needs to me unnecessary, therefore, to put AMERICAN WATCHES. ourrency in regard to the payment of

-commerce would be promulgated. The preliminary work had been furthered to such a state that Germany could, in time, look forward to the changed situation. The Government would adhere to the

Mr.

to

on

future occasions. One

I do not see why

been taken to institute now measures bar. He then learned of the difference in, and the "old appeal": to rxplanation and that is the amount of $100,000 to the reserve fund at pre

Mexico, but would not request them, as this would imply the responsibility of the United Brates for the condi- tions prevailing Great Britain, on the other hand, reserved to herself the right of demanding satisfaction for the murder of Mr. Benton, as soon as a suit-

since.

IN SUMMARY JURISDICTION.

This is

HIGHEST GRADE ENGLISH, SWISS

AND

AGENTS FOR

profit of 14 per cent. on its capital by sent, The Company have made a clean

cent the directors propose to pay to the AMERICAN HOWARD WATCH. legitimate trading.

Out of this 14 per

away the remaining 7 per cent. It seems shareholders 7 per cent, only, and to put

#

able opportunity offered for pressing the BEFORE MR. H. H. J. GOMPERTZ (PUISSE sider the case of great public importance contingent liabilities? If the latter, what survive the losses incurred from several

matter.

JUDGE).

QUESTION OF LAW,

towards the consolidation of trade and $200,000; that Arndt had, in fact,

Council relating only to civil paid the $200,000 over in Cantan currency action. He also referred to the Ibrahimpairs dobited to profit and loss account,

civil suits of agriculture, if required.

whereas witnees had paid the money over case, and went on to submit that extradi- which is larger than usual. to him in Hongkong currency, and the tion cases were always of great importance, accounted for by the fact that in order GREAT BRITAIN AND MEXICO.

difference was considerable. He had and when they came under habeas corpus endeavoured to goo Arndt on the matter they had the decision of a Civil Court, to provide for the extra demand for LONDON, March 4th.

Arndt said he was too ill to see him, and although it was a criminal matter. The storage space it was imperative to make to me that those shareholders who ask for Sir Edward Grey declared in the House subsequently disappeared. Witness called question which had to go to Privy Coun several alterations and improvements to bigger share of the profits cannot, in of Commons that Great Britain would "pon the German Consul, told him of his cil was the judgreen on the Cours on the the godowns. I shall be pleased to answer called either rash or greedy in their. troubles, and asked him for advice. question raised by the issue of the writ to the best of my ability any questions demand. 1, therefore, ask the directors face of the position of the Company, be thankfully accept all measures that the Witness also asked him to see Arndt and of habeas corpus. Under the now rules Government of the United States would endeavour to bring things right to which were drafted in 1909, the jurisdic you may desire to ask

intercede on his behalf. The German tion of the Court in the previous cases

Mr. RITCHIE secondled the proposition.

to recommend, in addition to the dividend tako for the re-establishment of order in Consul had issued a warrant for the bearing on such cases was denied.. Under the meeting, and is open to discussion,

The CHAIRMAN-This resolution is before the working profits and to reduce the arrest of Arndt, but he had not been seen the old way only the Privy Council couldMr. Bower-I should like to ask the amount placed to the reserve, fund.

of 7 per cent, a bonus of 2 per cent, of

Amount written off and to reduce the Mr. Potter here remarked that there give the special leave to apply, but now

remarked th was a rumear that he had shot him, that Court, he submitted, could give the following questions Are there any

mortgages on the Company's land and that they are unable to comply with Mr. The CHAIRMAN Your directors regret special leave, and he asked for that. but he did not know if that was true.

Mr. PollockThere have been all kinds.

The Chief Justice-You put it as high buildings of rumours.

as this, that if this Court gives leave to

Bowley's request. As I explained in my The CHAIRMAN There are no mort speech and in the answers to the questions. The hearing was adjourned-

appeal, the Privy Council is hound to ragees un the Company's property; it is only in good years, such as this, that hear it there is no other application?

Mr. Bowley-Does the item sundry ample provision can be made, and it is Sir Francis-Precisely so.. He added creditors 8273,724.38 include only only by having made such provision in that supposing that Court did not con- absolute liabilities? or dos it also include the pas that the Company was able to he would then ask that judgment should is the amount of such contingent liabili very severe typhoons. I think that with be stayed pending the appeal ties and can any and what portion the expenditure that we have before us,

The Attorney-Gereral made a somewhat thereof be written back! Wing Tai Loy firm v. Bume & Reif. The lengthy statement as to rulings in connee- claim was for $137.80, being the amount to with those cases by other countries, of damage sustained by the plaintiffs by prefacing this by remarking that assum- reason of the failure on the part of the ing that his friend intended to appeal defendants to deliver to plaintiffs twenter Privy Council, he would give a case of elastic web, being the balance of undertaking that no steps should be three cases said to the plaintiffs by the taken to surrender the fugitive to the defendants under a contract dated had been given te make the opportunity suspense account, $1,108,34, sundry pay. 8103,000, and they stand in the bound February 26th,

given to the appeal. He went due to staff on leave $1,416.83; $202,000. To get them really on a Mr. R. C. Faithfull was for plaintiffs, also stated that ho did not appear there total 3117,824.70 The balance of footing there is another $30,000 to os and Mr. Lewis (Messrs Johnson, Stokes to enter into any fractions commeat of $85,889.67 is actual sundry creditors, written off. In face of that I do not

Master) defended. & Maute eet. Mr. Lewis said there was merely rely, as far as possible, on the directors' fees, coal, etc. making up the property of the Company to too their Lordships indgment. He would such as returns to constituents, think the shareholders can consider that directors are writing down the value. a total of 8273,724.38, In the opinion of a preliminary point he would like to rules in connection with such cases. He take which might possibly dispose of the thought that it was fairly clear that your Directors no portion of this amount great an extent. Mr Bowley also made

habeas corpus of that nature was a

can be written back at present. car. Faithfull objected to the point canale dure, le as proceded

belonging to the Company is very much being argued. It had been waived when to deal with what he described as the internal or external, made to the build more than it stands in our books, but Mr. Lewis had asked for a day to be fixed. general and the local aspect of the case ings last year? If so, what amount was that hardly can be taken into account, is

Mr Lewis said that he had asked for a and the rulings, and remarked that up to paid for such additions and out of what

it does not increase and is only based

our earnings day to be fixed, but the point of law hal 1909 criminal cases had undoubtedly been fund wan it paid ti

market value of the never been waived. He admitted liability treated as the prerogative right of the

The CHAIRMAT The cost of crecting the which have taken place, and

apon the males of adjoining property be added to officers superannuation fond in respect to two cases, but subject to Privy Council; that was to say, that any mezanine floors in sundry godowns came desire to sell the land we should not get

the preliminary point. The money had special leave should be taken to the Privy to $41,987-57, which has been charged to any advantage from the increase, been paid into Court.

a Council. It was also obvious from the the repairs account Your directors con- that his clients should not be in the Court that such appeals should be made direct hardly of such a permanent nature as to of 2 per vent, to the dividend which they Mr Faithfull expressed the opinion rules which had been drafted since 1900 sider these improvements to our godown regret that the director area o

comply with the request to add & bonus at all if the debt was admitted. They to Privy Council. It was perhaps a pity charge their cost to a capital account have proposed had no right to be there, and the position that the rules were not made a little more such as the buildings account, and you No other questions were asked, and the had now become a farcical onc

clear and so been beyond the ingenuity of must bear in mind that no depreciation CHAIRMAN put the motion for the adoption Counsel's argument, However, it was evident from them that that Court was has been written off our buildings, of the report and accounts. P

Mr. Bowley-Why do the directors

These remarks evoked applause, as it is accepted as reducing the Monroe doctrine. Sir Edward Grey added that Great Britain was powerless to act at present,

A punitive expedition was unthinkable..

CHARTERED BANK OF INDIA,.

AUSTRALIA & CHINA.

At the approaching annual general testing of shareholders the directors will recommend that a dividend be declared for the past half-year at the rate of 14 per cent per annum (making 14 por cent, for the year), and a bonus of 12%. per share fres of income tax : that £100,000 be added to the reserve fund, that £10,000

that £25,000 be written off premises account, and that £120,253 113. ed. by carried forward as undivided profits.

CLOSE DEALING.

not wise to pay away a The CHAIRMAN reply to this dividend. There was one point to which, question. I will give you the items which perhaps, I might refer. That is that make up this amount. The items are in past years the value of wharves have Star Ferry Co., Ltd., loan. 8115,000; Staff not been written down to the extent they securities, 833,000 due to comprador might have been. Take the average life for coulie hire, 81,220.20, Police Basin of a whari as 20 years the total value of Suspense Account, $6,000, New Office the wharves ought to be written down at

Mr. BoWLEY-Were any point that the market value of the land:

never intended a touch uppeals is propose to increase the rate of writing of criminal or quaai-criminal cases, such as Athens corpus. vi

the value of lighters from about 6 per cant, to about 13 per cent, and the rate

per cunt. to about 12 per cent. as com

until

The

carried, several voting against, and a few On a show of hands, it was declared abstaining from voting.

Representatives for

MAFFIN & WEBB, LTD., London."

CARL ZEISS, Jenu..

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

E. R. WATTS & SON, London, VOIOTLANDER & SOHN, Braunschweig.

ALEXANDRA BUILDINGS.

CHATER ROAD.

CALDBECK,

MACGREGOR&C.

(ESTABLISHED 1864);

SOLE AGENTS

TOR THE FAMOUS

BL WHISKIES

Mr. Lowie submitted that there was a At the Magistracy yesterday, before Mr. good deal of common ground in the case.

Mr.Faithfull asked if Mr. Lowis was Wood, a Chinese was charged by Inspector right in dealing with the point of law, P. O'Sullivan with obtaining 286 pigeons. His Honour said he would hear. Mr. valued at $47.10, by false pretences Lewis, but would reserve his opinion The Chief Justice said that if there

On the motion of Mr. CLAPNELL, Complainans told his Worship that the until the case had been heard, inten

had been any doubt in their minds on of writing of machinery from about 7 recorded by Uptain Rome, the Hon, M. GOLD LABEL AND WHITE LABEL Mr. Lewis then referred to the follow-thequestion they would have reserved judz defendant came on board the Kwang Lee, ing words in the contract: Any dispute rent. They were of opinion that they pared with last year E, Shellim and Mr. H. Schmidt were and bought the birds from him for in connection with this contract, such had no power to grant leave to appeal in The CHAIRMAN After the 1906 typhoon, re-elected to the board of directors. $47.20, telling him that he belonged to a questions shall be settled by reference to a criminal mattor, and thus they were of in order to carry on our business, we had the beard was confirmed, on the motion Flavour, Parity and Mstaroness Guaranteed.

The appointment of Mr. Landgraf to certain stall in the Central Market, twe qualified merchants Under that the opinion that the special appeal should where he promised to pay the complain clause he submitted that the matter, in be applied for to Privy Counell. In view The latter went there, and found dispute should be settled by arbitration of that the Attorney-General had said that the defendant did not belong to the Mr. Lewis quoted ends on this point, and they also dismissed the applications for a greater margin then formerly. As A. OD Gourdin) were re-elected, at 2

stay surrender. stall at all, and be failed to get the subsequently miss

His Honour held that the objection was of stones General then announced regards our machinery, some of it such emuneration of 8350 each, on the motim money. The police eventually recovered

as cranes, etc, is becoming obsoleto, aid of Mr. PACKHAM, secunded by Dr. the pigeons Li Sing Street. Com good, but he would go on with the hearing that, under the circumstances, he would will have to be replaced at no very distant ROBERTSON, A

stay the surrender for a period of three date. The wear and tear of cranes is or four months..

The CHAIRMAN That is all the business, Sir Francis intimated that the appeal years such as this that we can make ample ance Dividend warrants may be had on particularly heavy. It is only in good gentlemen. thank you for your attend- to Privy Council would be made with all

Application on or after Friday, the 6th

plainant said that the price of the pigeons

and consider it later.

Was

· Evidence yua then called and the heat- 3 for dollar. (Laughter.)ing was adjourned on other points of The case was adjourned.

law arising,

speed:

to buy a number of extra lighters at very was on, seconded high prices On this account, your MCCL BOWLEY, directors consider it accessary to provide

provision.

by Mr.

The auditors (Messrs. F. Maitland and

March

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