1914-12-23 — Page 5

uler Farmer

The Wine Merchany of the Leat

INAPIER JOHNSTONE'S

SQUARE BOTTLE”

WHISKY.

JUNVARIED FOR OVER

150 YEARS.

THE HONGKONG DAILY PRESS, WEDNESDAY, DECEMBER 23RD 1914.

COMPANY MEETING.

EWO COTTON MILL

The nineteenth ordinary meeting of shareholders of the Ewo Cotton Spinning and Weaving Co., Ltd., was held on the 17th inst, at the offices of Meara Jardine, Matheson & Co., general managera. There were present; Messrs. C. E. Anton (presiding), P. F. Lavors, C. G. S. Mackie, Zau Sung-dau (members of the Consulting Committee), J. Kerfoot (Mill Superintendent), A Brooke Smith (Secretary), H. D. Morrison, G. A. Richardson, L. E. P. Jones, B. Macgregor, N. L. Sparke, W. G. Pirie, and F. J. Barrett.

The Secretary having read the notice convening the meeting and the auditor's.

THE SAME TO-DAY AS IN report,

1745.

BEWARE OF IMITATIONS.

SOLE AGENTS IN HONGKONG

LANE CRAWFORD & CO.

and from ALL WINE MERCHANTS,

By dịppointmín: 10: Hal. King George |

-it

must

be

[63

Bovril

to

Proved by inde pendent scientific_ investigation bave a ·Body- Building

Power

of 10 to 20 times

the amount taken

TO LET

QUEEN'S BUILDING,

1317.1

TO LET the South West portion of the FIRST FLOOR, including Treasury on Ground Floor, lately in occupation of the German Hank,

GODOWN, No. 9; Ice House Street. - Apply to

THE HONGKONG LAND INVEST- MENT & AGENCY CO., LTD. Kongkong, let December, 1914.

TO LET.

!B33

"

The CHAIRMAN said: Gentlemen, The report and accounts having been in your hands for some days, I with with your permission, take them as read The statement of accounts clearly, I think, shows the financial position of the Com- pany as at October 31st last, and requires little or no explanation.

The profit for the year is Tls. 370;089.90' and including the amount brought for- ward there is a sum of Ts., 379,343:12 available for allocation, Last year the profit was Tls. 552,278.93-a record in the Company's history-and although this year we are unable to show so satisfactory a result, I think we have reason to con gratulate ourselves on what has been achieved, having regard to the more or less gonerally adverse conditions of trade which, owing to one cause or another, were prevalent during the period of the year's working.

WM. POWELL

LTD.

USEFUL

TELEPHONE 346.

PRESENTS.

ELECTRO-PLATED GOODS.

CAKE STANDS,

TEA AND COFFEE SETS.

ENTREE DISHES, BISCUIT BOXES,

VASES,

TOAST RACKS,

JAM JARS. NUT CRACKERS.

ELECTRIC TABLE AND FLOOR LAMPS.

LAMP SHADES.

FIRE SCREENS.

PICTURES.

[649

BANKS

THE

GOVERNMENT BANK.

our cloths and your Consulting Commit- tee are seriously considering the advisability of installing more looms.

As regards China cotton, there has been sufficient supply, but owing to its short. As has been intimated in the Report, staple, we have been obliged to import BANK OF CHINA, it is proposed, subject to your approval, considerable quantities of American in to pay a dividend of Tis. 12 per share order to meet our requirements. While on the ordinary shares, and I hope share- on this subject I am pleased to be able bolders will be satisfied with that return. to say that steps have been taken by the Last year a dividend of Tis. 15 was paid Cotton Anti-Adulteration Association to on the ordinary shares, but, as was start an experiment cotton farm, and indicated at the time, that year's work. it is hoped that this may lead to se ing result was regarded as extraordinary improvement in cotton cultivation. and it was considered has the mainten-methods in this country. ance of profits at such a level could in Anti-Adulteration Association deserves the no way be relied upon.

thanks of all those interested in the cotton industry for their efforts and it is unfortunate that their decision to reduce the allowance for moisture was frustrated by the cotton sellers.

An

With regard to depreciation of our properties, it is proposed to write The. 65,000 off plant and machinery and Tls -18,000 off buildings, as against Tis. 60,000 and Tls. 12,000 respectively last year, the increased provision being due to exten sions which have been made during the period we are dealing with

The Cotton

Association of Spinners and Weavers has recently been formed to. protect and further the interests of its members and it is to be hoped that bono- ficial results may be attained,

At last year's annual meeting 1 dwelt somewhat fully on the question of depre ciation, and I reiterate what I then said; which was in effect that no year should be allowed to pass without adequate provision in that respect, and I trust you fully recognize the necessity for adherbe, no very distant date. enco to such policy. There are other

During the summer months thord was a shortage of labour and owing to the increasing number of spindles and looms in this district your general managers view with much concern the possibility of a scarcity of mill hands at, what may

(SPECIALLY AUTHORISED BY PRESIDENTIAL MANDATE OF 15TH APRIL, 1913) Authorised Capital $80,000,000. Paid-up Capital *$10,000,000,

HEAD OFFICE PEKING.

BRANCHES AND SUB-BRANCHES... SHANGHAI: NANKING: Chinking Yang- chow, Wusieh, Wuhu, Anching, Tatung Tsiakiangpo, Soochow HANTOW Shashi, Ichang, Nanching, TIENTSIN: Pacting, Tongshan, Luashaien, Toang hsier, Hsingtai HANGCHOW: Wenchow, Shaohsir, Chishsin, Lanchi, Huphon Ningpo KAIFENG: Changteh, Sinyang Lola, Chowken. TINAN: Chowtoun

Liuchi, Lintaing,

2

A Victrola settles the Christmas question

"Just a tune

before è sot”

"What to give?" is best answered by a rola. It is ideal gift as the ideal

well

as

musical

ment.

instru-

We have the

proof right here

the Victrola itself. Come in and see and hear the different styles-$15 to $200. Victors $10 to $100.

Terms

to suit your convenience, if desired.

Prices quoted are in U.S. Currency..

EXCLUSIVE AGENTS.

MOUTRIE'S

INDO-CHINA BRICKS. TILES, PIPES

COMPANY, LIMITED.

BEST FIRE BRICKS AND FIRE CLAY 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 Road. Tel. 239. ALWAYS IN STOCK.

USE ONLY

DUTT'S “MANGO”

[1042-2

BRAND

CHUTNEYS AND CURRY STUFFS

AND

Vilbab, Hofoting, Chefoo; Toingtão: EAST INDIAN CONDIMENT CO.”

TAIYUAN Yuncheng Fooczow. CHANG ORUN Kirin, Monkden, Newchwang, Dairen, Harbin, Tsitsihar, Teling, Chinchow, Antung. CANTON, Kurirang.

BRAND INDIAN CONDIMENTS. PERING: Kusihua, Suiyunncheng SREEKISSEN DUTT & CO.,

etal, etc.

CANTON BRANCH: Interest allowed on current account and Fixed Deposits. Terms on application. Every description of Banking business trans Special facilities for Home exchange.

Hongkong, 13th October, 1914.

I do not know that it is necessary for small items of depreciation it is recomme to further remark on last year's work mended be written off, but these do not ing, but I may mention that all our build-asted; loans granted on approved securities, call for special comment.

Now we come to the proposed bonus to staff of Tls. 4,500, which doubtless will meet with your approval, and I take this opportunity of saying that the staff deserve all due praise for the satisfactory manner in which they have carried out would like to mention our mill superis their work, and in this connection I

tendent-Mr. Kericot who has untiring ly and ungrudgingly laboured to further the interests of the Company

"

inge, plant and machinery have been kept in first class order.

As to the future, it is very difficult to make any reliable forecast.. Colton is now cheaper than it has been for many ears but on the other hand prices for have already indicated, our margins of all our products are very low, and, as 1. profit are greatly diminished. The

until such time as reform is introduced unsatisfactory state of currency in China continues to adversely affect trade, and

business generally will, I am afraid, continue to suffer from that factor.

I do not know when we reay expect to see a revision of the import tariff, and can only express the hope that when it be afforded some measure of protection. does come the cotton mills in China ray

Next, there is the amount of Tls. 73,000 LATS in Humphroy's Buildings and which it is proposed to transfer to reserve FLATS

Nathan Road Kowloos.

necount. If you approve of this transfor, BIX-ROOMED HOUSE in Minden Now. the reserve", account, which you will recollect, was inaugurated a year ago, : FOUR-ROOMED HOUSES 21 Kowloon. will then stand at Tls. 200,000, and with

Apply to

TO LET-AT THE PEAK.

(3945

O 2 STEWART TERRACE,

Farnished Apply-

H. E. POLLOCK,

5, Queen's Road, Hongkong, 3rd December, 1914.

Mr. Kinnear, who was a very useful member of the Consulting Committee for somo years, resigned on leaving China, and has been replaced by Mr. Mackie Mr. Zau Sung-dau has also joined the Committee.

on

the Tls. 500,000 at credit of equalization of dividends account, our total reserves

Gentlemen, I think there are no other HUMPHREYS ESTATE & FINANOR will amount to seven lakhs.

points calling for comment, but before Co., LTD,

proposing the adoption of tie report and On the occasion of our last "amual accounts I shall be glad to answer, to Alexandra Buildings.

meeting 1 drew the particular attention the best of my chility, muy question that Hongkong, 12th Novembor, 1914.

of shareholders to the desirability of may be asked.

The following resolutions were passed adding to our reserves whenever working without discussion : results permitted, and I now wish to by Mr. P. F. Lavers: That the report Proposed by the Chairman, seconded

experience very koun competition, both emphasize the point. As I then said, we and accounts be adopted and passed.

Proposed by the Chairman, seconded That a Locally and from Japan, which is more by Mr. C. G. S. Mackie: likely to increase thar diminish as time ordinary shares be paid for the year dividend of Tls. 12 per share the goes on, and that being so you will ended October 31st last. readily understand the larger bur reserves the better position we will be in s. 4,500 be paid to the staff.

by Mr. F. J. Burrett: That a bonus of | to meet such competition.

Loftus Jones, Proposed by Mr. During the working your our business seconded by Dr. W. G. Piric: That has varied considerably as far as prices. Mackie, Zau Bung-day, and Zee Messrs. C. E. Anton, P. F. Lavers, C G. and demand are concerned, but on the Kuan-yuen bere elected members of the whole markesing of our goods has not Consulting Committee for the ensuing been unsatisfactory. In this connection year it may interest you to know that one of seconded by Mr. N.. L. Sparke:

Proposed by Mr. C. A. Richardson, our standard qualities of your which in Mr. G. R. Wingrove be re-elected auditor July last was selling at The 100 per bale for the ensuing year.

[1412

TO LET.

TO.163, THE PEAK, "THE KENNELS." Apply

No

THE HONGKONG LAND INVEST. MENT & AGENCY Co., Lro. Hongkong, 1st December, 1914

TO LET.

Nowloon Teanis Coart.

2. OBSERVATORY

(1231

VILLAS,

Apply

ARRATOON V. APCAR & Co. Hongkong, 10th December, 1914. [1440

TO LET.

RAVENHILL WEST, No 3, Park Bost,

Apply to-

DEACON, LOOKER, DEACON &

Hongkong, 29th October, 1914. [1305

HARSTON

has now dropped to Tis 81: It is true. there has been a heavy fall in the price of cotton, but I may say that the margi of profit we are now making on our productions leaves much to be desired.

During the year we have worked full time, and the off-take of China varn has bean surprisingly good. Indeed, con- Bumption of China yarn has, is a whole, surpassed all records. We have also experienced an increasing demand for

Proposed by the Chairman, seconded

The proceedings then terminated.

"NTERNATIONAL BANKING

INTERN CORPORATION

[1948

"HEAD OFFICE: Wall Street, New York. LONDON OFFICE: Bishopsgate, E.O

BRANCHES:

Bombay.

Calcutta.

Canton.

Cebu..

Colon.

Back w. Hongkong. Kobe.

CAPITAL PAID-UP (U.S. RESERVE FUNDS

London.

Manila.

Panama.

Peking.

Shangbai.

San Francisco.

Singapore. Yokohama.

CALCUTTA,

THE PREMIER CONDIMENT HOUSE IN INDIA.

A. B. MOULDER & CO. LTD.. SOLE AGENTE FOR HONGKONG AND SOUTH CHINA. Bingkong. 18th Juns, 19147.

[828

BANKS

AND SHANGĦAJ-

HONGKONG

BANKING CORPORATION.

Paid-up Capita! Reserve Funds -

Sterling

***

பப்

$15,000,000

£1,500,000, μ1.2/- —$15,000,000 Silver...

$18,000,000

| $33,000,0A

Eeserve Liability of Proprietors $18,000,00

Count or Diasorore Hoa, Mr. D. LANDALE-Obairno. W L PATTENDEN, Hag.-Dopały Chairmase B. If. Dodwell, Esq. P. H. Helyork. Beq

Hon. Mr. E. Shailim

Gold) 88,250,000. T. M. Edkins, Esq. J. A. Plummer. Fag

4,080,000 C. B. Gubbay, Esq.

(Gold) $7,810,000 all kinds of FOREIGN & LOCAL BANE-

ING BUSINESS transacted. CURRENT ACCOUNTS opened and FIXED DEPOSITS received at ratos to be nscertained on application.

CHIE MANAGER ! Hongkong-N. J. Stem

MANAGER:

Shanghai-A. G. STEPHYS.

LONDON BANKERS

LONDON COUNTY AND WESTMINSTD). BANK LIMITED,

HONGKONG-INTHEIST ALLOWED.

On Current Account at the rate of per sent, per annum on the Daily Baia

Or Find DarÒBISE.

N. S. MARSHALL, Manager 9, Queen's Road,

Hongkong, 12nd October, 1914.

[059

THE BANK OF TAIWAN, LIMITED

{INCORPORATED DY Special ImponCAD CHARTLE).

For For

Capital Subscribed Capital Paid-up Reserve Funde

Ten 10,000,000 8.500.000 3,790,00

Had Ormon: TAZE, FORMOSA,

BRANCHES AND ACENTIME

Kiakiang

3 months, 1 per cent per Aarum 6 months, 3 per cent. per Annum For 15 months, 4 per cent. per Annum

N. J. STABE,

Chief Manager. Hongkong, 11th November, 1914. (15

THE VERCANTILE BANK 07

INDIA, LIMITED.

Authorised Capital

That

Babeoribod

Amoy

Shanghai

Bataria Kobe

Paid-up

Singapore

Reserve Fund

Bombay

Londou

Swator

Calcatta

Manila

Taichu

Canton

Moji

Tainar

Dairen

Nagasaki

Takow

HONGKONG VOLUNTEER CORPS.

Foochow

Newabwang

Taza

Yokohama

ORDZES „BX LIEUT COLA, CHAPMAN, V.D.

DETAIL. 2. Orderly Officer: Lieut. T. G. Wenll.

Orderly Sergeant: Sergt. Murdoch. To furnish Guard to-night Civil

Service Company.

G. E. STEWART, Capt.

Adjutant, E.K.V.C.

Hongkong New York Tokyo

Kay

Interest

Osaka

San Francisco Etor

HONGKONG OFFICE.

d, Dia Vaux BOAD allowed on Current Assounke. Deposits received on terms which may be. had on application, com

K. THUDZURABARA, Manager. Hongkong, 10th October, 1914. (2011

BANKERS:

BANK OF ENGLAND,

and

£1,500,000

1,125,000 562,600 465,000

LONDON JOINT SrooK BANK, LIMITED,

Every description of Exchange: bustark tracsantel.

INTEREST deed on Corrent A

at 3 per cent. per Roum on Daily Balau sad on Fixed Deposts at rates which may be ascertained on application.

A. B. LINTON.

Xanagar Hongkong, 19th July 1813.)

BANKS

HE CHAHTENED BANK OF INDIA, AUSTRALIA AND CHINA.

INCORPORATED or Royal Charvan, 1853 HEAD OFFION-LONDON.

Paid-up Capital...

Reserve Fund

£1,200,000

£1,800,000

Reserva Liability of Proprietore 21,200,000

FOREIGN EXCHANGE and Banking business transacted.

Generaj

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 3 year a shorter periods st rates which will be quoted on application.

DICKSON, Manager.

Hongkong, 6th June, 1914.

HONGKONG BAVINGS BANK

THE

[1424

THE Buainous of the above Bank la son- duated by the HONGKONG AND SHANGHAI BANKING CORPORATION. Rules may be obtained on application.

INTEREST on deposita is allowed on the Minimum Monthy Balances at 83 per cent

per annum.

Depusitors may transfer at their optio balances of $100 or more to the HONGKON DEPOSIT at 4 per cent. per annum. and Shanghai Baix to be placod: on FIXED

For the HONGKONG AND SHANGHAI BANKING CORPORATION,

N. J. STABB,

Chief Maneger. Hongkong, 2nd November, 1914. [18

N

TEDERLANDSCH-INDISCH

HANDELSBAN (NITHERLANDS INDIA COMMERCIAL Bank.)

ESTABLISHED 1863, ·

AuthorisedCapital FI. 80,000,000 (£3,500,000) Paid-up Capital.... FI. 19,907,900 (£1,659,000) Reserve Fund... FI. 7,765,500 £647,125)

HEAD OFFICE: AMSTERDAM,

.HEAD AGENCY: BATAVIA

LONDON BANKERS: THE WILLIAMS DEACONS BANK. SW183 BANKVERKIN,

The Bank. transacts every description of Banking and Exchange business, receiver money on Current Account and on Fixed Deposit at rate which may be ascertained on application ph

G. ADUNLOP, Manager, No. 8, Deaux Road Central Hongkong, 17th November, 1014 (31)