1914-04-10 — Page 5

Catler Falmer & C

The Wine Merchany of the Cast

NAPIER 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 ALL WINE MELARANTH.

Press The

Bulb and

Packet The

Double Your Present Income

That's what you can downs-matter who you are or where you live. You can positively |double" jour-grmen) inerme ky working during mem

time of permanently as a one minute photos graphers. One man wiped bret 116 pounds in ~ manthiranother, made 120 pounds in 20 plays the opportunity is yours to make teens [dojn profie wida

Mandel

Post Card Machine

A wonderful, and minato, picture taking machine. Takes and finishes photo post preis und Bet- Home in a todoss's time and at the sun of df per min. work. No sapertizas mucussures No man 17 par, nor profta lo dine with sagona. No venišlagom. you feel the picture and colect your mala paht away. Thamizhine îi a complete

Portable Photo Studio

and embodies a quines, dawnloping chamber and dark. comunali în pace The pictures are made and fundedby. our quis, exclaive, scientific process of photography...

Plates Direct on Post Cards No Plates, Films or Dark-Room

Thii now and wendsful process of caling and finishe Spices excites the internet of everylrothy and 'onctres Impe sales and proan for you. Al curtirale mind falls in and around poly cricket, and fonball around an unitary pataky and cubane on bury streetsia la „place” whire people assezzble sic esomey-making itsfororepanity, armall Capitol Carts yo

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No matter what your decantances may be, you CAD afted comedi cur audits, min the many did great capa we manufacture. Each Mande.”“ Machine is equiped with an excelcutler and in ablutely perfect is construc How Wape immediately for complets infvanatoņem

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THE CHICAGO FERROTYPE CO. F92 Ferrotype BILE, CHICAGO,S.SA.

MARTIN'S

APIOL &STEEL

SPILLS

A Branch Runndy for alilovaEnlarċijas. Those bit of

*Ladue

630 khaton thy head: Kangol any irenenineity of the Resten a Shodly dosamay be adminislaved. Tisene'who-

Ne Zama Tercelmend them, kamon KisiranDE. PRON VEGAN) Chamlets and 2 tores sell Chan Harya hoal: the world or post-free dig

Marilia243g în thus Skin Seed a box at

❤ MARTIN'S

APIOLSTEI

FLASMON FOODS MAKE BONE, MUSCLE

& BRAIN.

DAVID FYD

ANALYSIS PROVES that the nutriment (vis, pare asimilable protaid) contained in lb. of beef filet does not equal

oss-third DL, whilst de

PLASMON

contains 8431% pure proteid and 2,68

of the all-essential Orgazlu Phosphorus, which is vital net merely to health, but to. actual existence.

* Plaurion added to food

both enriches the favour

· and lucressen the mus

tritive valne ot

Lasait

COMPANY MEETING.

THE HONGKONG DAILY PRESS, FRIDAY, APRIL 10ra, 1914,

THE MERCANTILE BANK OF INDIA

(LIMITED)

A BATISFACTORY STATEMENT.''--REVIEW

OF BANKING CONDITIONS IN THE EAST.

The 21st annual general meeting of the shareholders of this bank was held last month at Winchester House, Old Broad- street, Mr. R. J. Black (the Chairman) presiding

s

The CHE MANAGER (Mr. P. Mould) read the notice convening the meeting and also the report of the auditors. Make

The CHAIRMAN BID: Gentlemen, 7 I have now the pleasure to submit to you the results of the past year's work and I hope I may be permitted, as usual, to take the report and accounts na read. It is very pleasing to us to be able to lay before you so satisfactory a statement of our position, and I venture to think it will be equally gratifying to you to see that the resources of the bank have bean materially strengthened and that we are consequently steadily increasing our ability to take our proper share in the over-growing requirements of Euatern banking. It is chiefly due to the policy of adding to our reserves, which you have so wisely supported in the past, that we have secured and maintain the position we do, and your patience and forbenranco- has been of the greatest assistance to your board in the management of your affairs; and it is also in a great measure due. to that that the value of your property is what it stands at to-day. It is only comparatively a short time since the shares wore at a considerable discount; they now stand at almost 100 per cent. premium. If our prosperity continues and under ordinary circumstances I see. no reason why it should not-I hope the date may not be far distant when this self-denial on your part will meet with its reward. (Hear, hear.)

WM. POWELL LTD.

TELEPHONE 846,

CHINA AND GLASS DEPT.

"SILICON" CHINA

DARK BLUE AND GOLD BORDER.

COMPLETE RANGE OF EVERYTHING FOR THE

DINNER, TEA AND BREAKFAST TABLE.

ODD PIECES SOLD.

PLAIN WHITE DINNERWARE

WHITE

AND

ANDGOLD CHINA TEAWARE

IN ANY QUANTITY TO STIT THE PURCHASER.

NEW VICTOR RECORDS

THE LATEST.

SONGS.

DANCES.

AND

SELECTIONS.

INSPECTION INVITED.

EXCLUSIVE DISTRIBUTERS:

MOUTRIE'S

[627

CHA POTEAUT'S

INDO-CHINA PORTLAND CEMENT COMPANY, LTD.

FAMOUS

DRAGON

BRAND

CEMENT

PORTLAND

CEMEN

ALWAYS IN STOCK

HIGH

QUALITZ

BUILDING

CEMENT

Apply to F. SOFFIETTI & Co., 14, Des Voeux Road Central, Int Ficor, Telephone 259,

months ending 31st December 1913 (making 8 per cent for the year) * Ba recommended in the report, be, and the same is, hereby confirmed." I will ask Mr. Melvill Simons to sccond that resolution, and then, before putting it to the meeting, I shall be glad to give any further information that may be required

Mr. H. MELVILL SIMONE Seconded the motion

Mr H. A Bead. asked if the new premises in Gracechurch-street were frte- bold or leasehold,

The CHAIRMAN They are freehold.

THE QUESTION. OF A STOCK EXCHANGE QUOTATION FOR THE SHARES.

TRADE IN THE EAST THE BANK'S PROFITS, The year 1913 will be loog remembered as a time of political stress and anxiety, more or less all the world over, and following in its wake there was prolonged sensitiveness and stringency in nearly every monetary centre. Trade, however, with the East was on the whole, satisfac- tory and up to expectations, though towards the end of the year backing troubles in Bombay and Northern India gave rise to apprehension, and for a time credit in the bazaars was severely shaken. It is a matter for congratulation that the acuto stage was not of lòng duration, and, when one considers the seriousness of the crisis, one cannot but help being im pressed with the remarkable rapidity with which the situation cleared, and it says much for the inherent soundness and integrity of the native trader. Troubles. such as this are bound to leave their mark in places for a time, but I think we can look to an early return to normal condi tions, and, happily, British banks have escaped with little barm. Such times, of a necessity, have their anxieties, but there are also compensations, inasmuch as there has been staple remunerativo employment for all our resources, and we are able to show a net profit for the year, after pro. viding for a bonus to the staff, of £111,409 78. Id as compared with £8,965 32 5 in 1912. Out of that sum we have placed £50,000 to reserve account, bringing it up to £46,000; we have written down pre- mises account by £8,000; placed £4,000 to the credit of pension fund; provided for all bad and doubtful debts; and written

Mr. S. SASSOON suggested that the Com down securities to the values current on the 31st December; and we carry forward pany should have a Stock Exchange to 1914, £34,604 8s. 5d. (Cheers,) I de quotation for its share. Very often not think there are any items in the shareholders wanted to know the price, balance sheet that require particular and they had to ask the brokers the notice, except that Current Accounts and broker had to ask the jobbers, and they Fixed Deposits show a slight falling off, did not know where they were. He due solely to the tightness of money, thought it would be very convenient to balances of current accounts being main- if they could have a Stock Exchange which, naturally, did not encourage the shareholders and the public at large tained larger than necessary. This, how ever, was only noticeable in London: the quotation. This bank now was very tendency was in the other direction in the important, and he did not see why they

should not have it like the others. East. Our cash position, you will see,

The CHAIRMAN Gentlemen, with refer desirable in view of the possibilities has just spoken, this is a matter, I think was very strong, which we consideredence to the remarks of the gentleman who the Indian situation, and, owing to the that has been before this meeting on liquid nature of our assets, it was easy several previous occasions. As you are of arrangement. Unless you require any information is particular, I do not think aware, your board have up to the present I need detain you with further reference act been in favour of a Stock Exchange quotation (hear, hear) as we do not to the accounts. You are, no doubt, aware that we have recently taken posses consider it would be in the interests of this is sion of, and moved into, our new the shareholders. However, premises, No. 18, Gracechurch-street; I entirely a question for the shareholders to am glad to say they have fully come up settle, and if there is any strong feeling to our expectations, and are admirably expressed your board will be very glad suited to our requirements. The work to take it into consideration has been carried out in a way reflecting the greatest credit on our architect, Mr. Wallace,

contractors, Mesers. Trollope & Colls Those of you who have not visited them I hope will pay a visit of inspection, and I think you will be satisfied with the very complete. arrangements that have been made for the conduct of the Bank's business. Your Board are very confident that the move. we have made is a sound one, and that it will benefit our business in every way, THE ROYAL COMMISSION ON INDIAN FINANCE. In conclusion, permit me to refer to the final report of the Royal Commission on Indian Finance and Currency. To those connected with the finances of India it is a document of the greatest interest. Facts and arguments have been marshalled in the most lucid and able manner and the practical common sense with which the whole question has been. dealt has been appreciated and has met with very general satisfaction. On the whole, the policy of the India Offce and Government of India has been upheld, with certain modifications which time and experience have shown to he desirable. There is only one point upon which a more definite decision might have with advantage, laid to rest that controversial subject an Indian State Bank. The

and

weight of evidence is against it, and the arguments in its favour are more ideal than practical; and it is hoped that the day is far distant when theory will prevail over the hard foots of experience. (Hear, bear.) I beg now to formally propose the following resolution:That the report of the Directors, with the audited statement of accounts balance sheet at 31st December, 1913; presented to this meeting, be, and the same are, bereby received approved and adopted; and that a dividend on the A and B Shares of this Bank of 4 per cent. free of income tax, for the six

and

The resolution was carried unanimously Mr. MELVILS, SIMONA proposed: That Sir David Yule and Mr. James Campbell, the directors retiring from the board in rotation, be and they are hereby re-elected directors of the Bank

TAKE

*1049-1

Mr. J. M. RYRIE said he had great pleasure in seconding that.

The motion was unanimously adopted. On the motion of Sir GEORGE S. Munnar, seconded by Mr. J. MACANDREW, Mussra. Cooper Brothers & Co, and Messrs. W. A Browne & Co. appointed auditors of the bank were

Votes of thanks to the Directors and Staff concluded the meeting.

-LOWER RUBBER PRICES AND DIVIDENDS.

Presiding at the meeting of the Batu Caves Rubber Company last month Mr. John McEwan said that although the directors were not proposing the declara tion of so large a dvidend on that occasion as was the case 12 months ago,

staff or of the directors. The serious fall the different result was not due to any thing within the control of the company's

occurred within the year could not fail in the price of the commodity which adversely to affect the revenue. The aver

yield for the year showed au increase of age price obtained for the whole of their crop was 3s. 1 2-3d per lb. Although the 37 per cent, on that for 1912," the total expenditure was less by 6 per cent. During the year the directors were urged to join hands with others to try to regulate supplies, to restrict output, and to combine in selling, but so far no scheme that appeared reasonably likely to succeed had been evolved

The directors had been unable to sell forward any material proportion of the company's expected crop for the current year, so having regard to the present level of prices, he thought it would be in- advisable for them to pay quarterly interim dividends at a rate in excess of 25 per cent, as compared with 40 per rent during the past two years

MOTHER SEIGEL'S

SYRUP

for Indigestion.

It is foolhardy to neglect the early signs of indigestion. When your stomach is feeble, and needs assistance, Mother Seigel's Syrup is ready to your hands

use it,

Mother Segel's Syrup promoter the thorough digestion of your food, and the perfect nourishment of your body

Try it for bibiousness, headaches, con- stipation, flatulence, furred tongue, pains after eating loss of appetite, languor nad depression. Beware of substitutes.

Mrs. A. Nunn, 22 Mitchell St, St. Thomas's. Bristol, writing on May 23rd, says "floxed to suffer from Indigullon. The pain of my cheal after meals made me in frightened that used to starce mycelf But before I had finished ons bottle of Mother Seigel's Syrup, I soas better, and in time et banished my complaint,

Also in Gablet Form. Price 7/9-

MORRHUOL

Superior to Emulsions or Cod Liver oil.

Each tiny Morrhuol capsule re- presents the medicinal value of a teaspoonful of oil,

Recommended at the Paris Aça demy of Medicine, for loss of appetite and flesh, to patients with consumptive tendencies..

Bold in bottles of 100. Gapsules, Bold by all Chinlits:

Overcome

Your Doubt

Don't hesitate to put your faith. in the world famous Beecham's" Pills, the best, safest, surest and most reliable 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

Beecham'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 from 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.

Sola la boxes, prios 93, 1114 & 319.

SAVARESSES SANTAL CAPSULES

Most Certain Cure. Physicians recommend them.

Of ill Chemists

TO LET

TO LET,

FOUR-ROOMED HOUSES in Oraville

For me and abur Arcos, Rosivo

Cheap rents

BEOP with GODOWN attached, Nathar Road, Kowloon. Kowloon Marine Lot No. 45 With Wharf.

WINDSOR LODGE, Kimberley Hond Kowloon, 6 ROOMS and Tennis Court,

No 3 MINDEN VILLAS, from Tat April. FLATS in Nathan Road and Humphreys Enildings, from 1st May

Apply to-

HUMPHREYS ESTATE & FINANCI

Co. LTD Alexandra Buildings, Hongkong, 4th March, 1914,

1987

TO LET

TO LEA.

OFFICES in King's Building-

[51-1

AFE HONGKONG LAND INVEST-

MENT & AGENCY Co., LTD. Hongkong, 1st April, 1914.

TO LET.

SHOP, No. 12, Queen's Road Central

2. FAIRVIEW, Nathan Read, Kowloon.

Apply to

STEPHENS & WILLSON..

[57 Hongkong, 11th December, 1913,

TO LET

No. 6, PEAR MOUNT KELLETT (Church Mission Society Bungalow), till 80th May, 1914. Partly Furnished, Cheap_rent.

To Let till 31st October, 1914, No. 64, The PEAK, SEVEN ROOMS and Drying Room; · Furnished, including Electric Fans and Telephone.

No. 12, BEACONSFIELD ARCADE, Shop.

3, MOUNTAIN VIEW. Newly painted. and colourwashed. From 1st April, 1914.

No. 19, SHELLEY STREET

No. 8, CAMERON VILLAS, No. 59, PEAK, To Let, Furnished, for one year, from 1st May, 1914,

"BOGATE," Austin Road, Kowloon Unfurnished.

FOR BALE HARTING and ROGATE," or part of Kowloon Inland Lot Nő, 1154.

Apply to LINSTEAD & DAVIS,

Srd Floor, Alexandra Buildings. Hongkong, 10th March, 1914. .-::

"OUSE,

H Kowicon.

Apply to

TO LET

in OBSERVATORY: VILLAS

ARRATOON V. APCAR & Co.,

14, Des Voux Road, Hongkong, 17th March, 1914. [424

TO LET.

O. 14, ARBUTHNOT ROAD, Seven.

Good View of Harbour. Immediate possession if desired

For Full Particulars, apply to

J. VINCENT BRAGA, Toyo Klsen Kaisha; Hongkong, 3rd April, 1914. 9:1610

TO LET.

Oon Ground and Second Floors, No: 14,

FFICES ROOMS, and GODOWNS

Des Voeux Road Central, the Premises YOW occupied by the Bouth China Morning Post, Limited

* Can be divided up to suit Tenants”, requirə- ments.

Possession, 1st May, 1914.

"WILD DELL" FLATS, Wanchai Road, No. 4. Mosque Jnnetion. g

THE NEUK, Fire-Roomed Bungalow, No. 94. Garden and Tennis,

"HOMESTEAD," No, 45, Pear. In- mediate possession.

Apply to

SANG KEE,--

Care of COMPRADORE DÉPARTMENT,

HONGKONG AND SHANGHAI BANKING

CORPORATION: Hongkong, 28th March, 1914.

NO.10

TO LET

From 1st May, 1914.

[477

O. 104A, THE PRAE, FURNISHED

Apply to

8 J. DAVID & Co.,

Prince's Buildings Hongkong, 7th February, 1814,

TO LET.

From 1st May, 1914

No Kowloon

TO.5, AIMAI VILLAS," Austin Avenue,

Apply to--

PATELL & Co

79. Wyndham Street,

Hongkong, 2nd April, 1914.

1507