1915-02-18 — Page 3

COMPANY REPORT.

HONGKONG AND KOWLOON WHARF

AND GODOWN CO. LTD. ~

The report for presentation to share helders at the twenty-eighth ordinary annual meeting to be held at the office of Messrs. Jardine, Matheson & Co., Ld., on Thursday, 4th March, 1915, at 11.30 a, is as follows as

The Directors bag to submit to share holders their repost with a statement of accounts for the year ended 31st December, #1014.

AUF The profit on working was 8607,090.03 as compared with 3603,523.06 in 1913.

The balance at credit, of profit and loss account, including 824,890,48 brought for ward from last year, and after deducting directors and auditors' fees, and paying for all interest and repairs, amounts to

PHOPIT

To Interest

To Repairs

To Directors and Auditors feas To Balasco,

By Balance, from last account...8 By Nett earnings for 1914 By Unclaimed dividends for

felted

DAVID LANDALE P. CUATER

Directors.

THE HONGKONG DATE

9.800-28 300:48 10,700.00 439,277.80

$532,078.51

THE WAR.

NEW YEAR PROSPECTS;

"THE TIMES - MILITARY CORRESPONDENT,

TEDAY, FEBRUARY 18th, 1918,

subjected to unfair strain by drafting duties. To keep a million or a million and a quarter of men in the field requires a very substantial and efficient system of depots, and reserves, while we cannot do Without land forta devoted exclusively to home defence. How far has voluntary 24,800.49 Five months of war, and unexampled service met these needs? How far is it 607.09.03 oxpenditure of energy, money and lives, likely to continue to do so? On these points we rocrive nother guidance nor have not brought Germany appreciably noarer to the achievement of a peace on meet, and then perhaps the Government information, but Parliament will soon German terms. Thanks to prodigious will give the country & firm load, and efforts the greater part of her home stato as exactly as they can the character territory is still free of the enemy, but of the effort which is needed.

108200

8692,078.52

her maritime trade is dead, and all her colonial possessions have passed or are WS Brows

passing from her fag, i! Not one of her Secretary

enemies has been struck down, and the We certify that we have obtained all the great armies of the Allies are not only information and explanations we have re-intact but continually improving in quired, and, in our opinion, the balance sheet spirit, numbers, and equipment, referred to in the report is properly drama

THE UNIMPORTANCE OF GOLF

Very many golfers haw, for one reason

$433,277,80, which it is proposed to appro- up so as to exhibit a true and correct vlon Now Year's fanfaronade. The advantage or another, and very often because they

priate as followed

To pay a dividend of 7 per cent, from working profits: $210,000.00, to write off Launches 811,200.69, to write off Lighters

of the stato of the Company's affairs accord ing to the best of our information and the explanations given to us, and as shown by the books of the Company. We have seen

all the securities.

$48,175,25, to write off Machinery O'D GOURDIN Auditors

816,035.54, to write off Kowloon Wharves 235,087.05, to write off West Point Wharf $030. 17, to write of Railways and Rolling Stock $10,126.70, to carry forward to new mcconat 8101,107.41; total R133,277.50.

Business-The returns from all sources of revenue up to the end of July were very good. The war in Europe, however, - was responsible for a large decrease in our carnings during the latter part of the

MaTTHANDA NA

Hongkong, 25th January 1915.

LUMUT RUBBER ESTATES

BOLI NIITED).

GRATIFYING BESULTS.

These things do not figure in the Kaiser's which were anticipated from Germany's studied readiness, and from Fox perfidious have been drilling policy of aggression, have proved illusory One neutral State under her heel, and small portions of France and Poland still in the occupation of German armies, represent the only tangible achievements of Germany so far as the campaign has gotio. Nowhere, except in Belgium, has the capacity of Germany's enemies to food and nourish the war been affected in any appreciable degree. In the year before us the boundless resources of the Allies will |place_fresh Armies in the field, and renewed offensive operations will be con- ducted by them with the utmost resolution.

instead, hardly touched their clubs since the beginning of August. And so when they co across, someone playing the game they experience a very curious sensation; they look at golf with new even nad from more detached and critical point of view than they have over bæn able to adopt since they first fell victims to its seduc tion. More particularly is this the case when they are engaged at the moment in smother pursuit intrinsically far less agreeable, but producing by way of com- penation a topid glow of self-sacrifice.

A certain volunteer corps weekly for ins Its more or less efficient fours in a mea Hence, whenever we of that corps leave dow that lies between two golf courses. our meadow of the goose steps to perform more intellectual evolutions in the sure rounding country, we are compelled, since decessity knows no law, to hack our way through either one or other of the so neutral courece. We do not meadly ignore the golfer. On the contrary, as we stride pres him we stare at him in a thoroughly insolent manner, and it is in an doing this we realize for the first time the temptations with which the spectator's path is strewn on ehit

INTIMATIONS

LANE

CRAWFORD&Co.

(TELEFONE 1741-1742,)"

SOLE AGENTS FOR THE CELEBRATED.

LINCOLN, BENNETT HATS.

ALL

SIZES

61

TO

THE LATEST SHAPES IN

STRAW HATS

BRIMS

、ལ་༦n

24

INCH

WIDE

$3.00, $3.50, $4.00, $4.50

LANE, CRAWFORD & CO.

H. A. Biebs, C. Landgraf and E-Von priso-which their rubber would wahre appealed to all the neutral nations, Player Post consive stores on REMINGTON JUNIOR

elections A

selves for re-election

BALANCE SHEET.

To Capital, 880,000 fully paid

paid up shares at 850

To Reserve fund

To Equalisation of Dividend

fund

To Sundry creditors

To Unclaimed dividends

To Hongkong and Shanghai

Banking Corporation

To Balance of Profit and Loss

Account

ASSETS.

By value of Kowloon Land, Jam since acquired

"A LONG FELT WANT SUPPLIED AT LAST

"THE REMINGTON JUNIOR?”

It is frightful to imagine what we should have said or done if we had hoon told that we should ever come to behave like him. And yet that is what we have Simplicity Compastuess done We had no excuse we ought to have known better, discriminating magnate who had inspected as a few days before had gone so fares to say of us,

to cheer

the

ly, Portatility Weight 16 Thi, in lesther travelling cate 21

Reminetor

MÓTS.COMY

embodies

Bon Trovera,

and

than tha

ton ides tion, visibla Automatio rored paper

says dom bewakiful so ample in construckfan allon is quickly No Lessons

just a wall made the regular modele,– Its taly about half of the

It Is bulls for the non-user, for the immense army of people who need a Typewriter and repeded one, but who would not get the Standard Models because thele requirements o diferent. In one word, it is built for people who will operate their owa Maling

For further particular, cafalogues, ete.apply➡

GERMANY'S POWER TO WALE WAY. Wharves. The new Ferry Wharf was The fifth annual, general meeting was All wars are full of surprises, and completed in April and the old Ferry held last month at 3 Eastcheep, usually for both sides. We now know that wharf handed over to Government on 1st Frank A. Swattenham, G:C.MG, Blay No. 3 wharf is 26 years old and ing and Germany is mobilizing practically all her

*Presid practically requires to be rebuilt. Tho The Secretary (Mr. W. Milne) having able-bodied manhoood, in order to make a wharf is being gradually repaired from read the notion convening the meeting adu fresh effort in the Spring if not earlier, and to end and defective parts renewed the auditors report, and that the public spirit in Germany, The cost will be debited to capital account. The Cusuman drow attention to the hypnotized by the conccalment of failures Part of the material for the new steamor saliens itains in the accounts, and stated and by false reports of victories, is still what has arrived at

that the net proft for the year is united and undismayed. The war of Launches The Garnet, a new steel tug. 280,048, which, in spite of the further fall aftrition, wearing as it is, is not yet had was added to the fleet during the year in the price of rubber, exoceded the profit time to influence materially Germany's Lighters. Two decond hand (100 tons) of the preceding year by 89,641 The power to wage war, and, if we have done wooden lighters were acquired. Owing to amount brought forward from last year much, much remains to be done before the depression in our lighter business £10,000 to estates, development account, so cause.

was £10,484. They had transferred Germany will realize that hers is a lost. Golfers have, as a rule, a very impet number of lighters are out of commission that the amount they had to deal with If the commendable vigour, with which he makes them feel uncomfortable and feet sympathy with the spectator. At best and are laid up in Causeway Baywes £30,407 suficient to pay a dividend Germany and Austria are conducting their self-conscious; at worst he is capable o

Directors-Messrs. C. Laurenz, D. of 14 per cent, on the whole of the issued war imposes upon the Allies the need for the most atrocious crimes. He stands a Moss and H. Schmidt retired during the lenpital. Having regard, however, to the fresh and extensive efforts, the surprises the wrong place, and moves, or, which is year, and their places were taken by requirements of the company for capital which Germany has encountered have been just as had, looks as if he was going to Messrs. C. Landgraf, A. S. D. Cousland expenditure on the as yet unproductise even more unexpected. She did not move at the wrong time Sometimes he and E. von Koch, Mr. A. Widmann was portion of the estates and to the fact that expect that Belgium would fight, and she is so lost to all sense of decency that ho invited to take the place of Mr. G. Fries there must necessarily be some une had fought well, while her sufferings have actually sees something ridiculous in the land, deceased. Messrs. A Widmann, while the war to the Koch retired in August. Messrs. JW. Cthe directors did not think it would be and thought, it she fought, that her share enjoyed his Bank Holiday he has even Germany did not expect England to fight, the subject. When he has thoroughly

whispered and Bonnar and S. H. Dodwell retired accord to the shareholders' interests to divide ing to the Articles of Association and the whole sum available. After paying in the land war would be negligible been known to chant one, two, three being eligible offer themselves for the dividend recommended of 11 per Germany did not realize that we should in time to the wiggle, and yella desfen- zent, 26,676 would remain to be carried have over a million men in the held in ing go as the ball is struck. We had all Audi tore-Messra. F. Maitland and

d and forward. If the shareholders approved 1915, inquebris working we all need suffered from him in Scies past and con

directors recommendation the com- nål pup industries working at fell presstre sidered him as underbred and disgusting PORTABLE TYPEWRITER FOR TRAVELLERS, SMALL RETAILERS A O'D. Gourdin, have audited the pany would have left in actual cash, atter to supply warlike material to us and our creature. accounts now presented and offer then making provision for the dividend and friends. She underrated the character of

DOUTORS CLERGYMEN, AND OTHER PROFESSIONAL MEN for all liabilities at September 30th last, the Russian people and the fighting prowe

Exo DAVID LANDALB, |- 291,422, which should auffice, so far as of Russian arms. She found that she Chairman, could be estimated at present, to bring could not manter Franco so easily at the

SPECIAL FEATURES: the whole of the planted are into supposed, and that the warlike adapt bearings

ability of French aroilés, backed as it The arts under cultivation was i soon will be by the enthusiasm of that 3,080 acres and the average area tapped jeunesse endables of which M. Clemenceau 89,000,000.00 during the 12 months was 1,440 acres writes so well would bring to the ground Some of them look quite like gentle 600,000.00 The marketed crop for the year amounted with a crash all the laborious conceptions men. He would not have said so if to $35,27316. The all-in cost had come of Berlin strategists. She did not reckon he had seen us when we fell out for a few 150,000.00 down from 1s. 7.18d to 18, 1.20d While with Japan, nor with the heroism of minutes In a spot that was close to 'fee 244,508.84 the average gross sale price had fallen Serbia, and five months of war and hor and a putting green When two sout 2450:00 from 23 Bid to 25. 2id. per lb., economics in the end upon the defensive, blocked east middle aged persons appeared on t

an production expenses had made the 2,488.30 difference in profit only a trifle more than and west, and compelled to resort to a green we made only too audible bets m 110 per 1b. For the current year they leute en masse to supporti ber trained panics as to whether or not they would 438,277 80timated to secure 050,000lb of rubber armies, which have been tried and found hole their putts. When they advanced from about 1,800 acres, and the slin wanting All her calculations have been to the tes we rushed hilariously after 84,432,706.08 Cat should not exceed 1s, per lb. The fale, and the failures of her hopelessly them, and when one of them hit the ball contracts: Three tom per month for atoned for by adequate antess in artist was most disgraceful, but really the Board had made the following forward incompetent diplomacy have not been over the top of a tree wo scarce forbore October, November, and December at 28. THE VALUE OF TIME game appeared, such a very singular one. 81,897,074.89 6d per lb three tons per month for The Prussian losses in the war are now that a man should be trying to hit a ball

4,155,30 October, November, and December at

2d per lb and five tons per month from officially admitted to border upon a into a hole from a range of 61, and that 81,341 230.18 October Inst to June, 1915, inclusive, et million, while those of other German he should not hit, it far enough seemed By value of Kowloon Buildings. 1,574,729.89 es vid. per lb. He concluded by moving States are at least half as many. We are so entirely nonsensical. There was surely

Since expended

17,269.65 the adoption of the report and nocounte, not in the least losing time by wearing out something absurd too, in the attitudes

SIE WILLIAM ADAMSON, O.M.G., sccodd. Germany in Flanders and Poland, for our we felt inclined to ask, as Mr. Winkle did $1,591,999.54|ed the motion, which was carried object precisely is to wear out these armies about the pointers, What's the matter Lunanimously, and resolutions were also until the hour strikes when we can destroy with their legs? How queer they're stand- 389,172.97 passed declaring the dividend mentioned them. The search for geographical objes. ing Nor do I attribute this to any 38,102.00 and re-electing the retiring directors and tives is a secondary interest to us. We are demoralizing influence of militarism. I

auditors.

a playing for time, and we are playing for must rather be that there is in truth some 8359,070.91

The proceedings terminated with a vote it successfully Towage succesfully a thing essentially ridiculous about the 137,016.14 of thanks to the Chairman, the directors, war of existence for which one of the game of golf, and that we are only capt

and the staff in the East.

Allies was prepared we all had not only tale of seeing it when we have under

gone purification by long abstinence, 9:: 490,087.05

to raise how forces and to keep on naising After we have not smoked for a long timə them, but actually to lay down new plant the first cigarette has quite a new favour for the provision of warlike stores of all we them now what a cigarette really kinds. During thus, highly dangerous tastes like, I think something of the same period of relative weakness German arms kind must happen in the case of golfi have proved incapable of profiting from Yet it looked a very pleasant game, even their opportunity

Bds though a slightly laughable ons, and just 6,120,90 Before closing its winter seaton, the M Clemenceau says that some of his for a brief moment or two, if we had had

Swiss

Federal Legislature sanctioned the friends are disposed to fine down by 25 the courage to confess it, I fancy that we 96;120.70 increases of taxation and postal rates per cent the numbers which the writer should have liked to go and play instead koopt the higher rate on bewspapers, gave as the probable figure of untrained of advancing in breathless and extended 63,387 25 which was postponed in view of the Germans now called upon to fight. The order across a heavy day field.

4,757 57 patriotic fervour shown by the Press, and writer would be very glad to agree if he | In old days it would never have occur

also

as inappropriate to the Christmas could, but he would observe that his figure red to any of us that golf could play s 48,609.69 senson, The Federal Executive hai of 4,000,000 is obtained by fining down part in warlike operations; but on ons 37,600.00 | originally projected a lovy on capital and aggregate figures of between six and seven memorable day a member of the corps a tobacco monopoly, but it was found that millicus, and that he had consequently made a most ingenious use of one of these 86,200.63 it would be unconstitutional to avoid already allowel generously for the decher two golf courses. It so happened that one submitting these drastic measures of new on which M. Clemenceau's friends ingst, band of warriors had been sent forwardl 233,285.13 taxation to a popular vole, which would Many writers, and the Swiss in partito hide themselves (I avoid military 30,297.88 have delayed their operation, and pos chlar, base their estimates upon per phraseology) by lying on their stomachs sibly resulted in their rejection. They centages of male population. The writer, in rather a moist wood butting on the 4,980 ther study to Select Committees, which on the other hand, has taken oficial coures! It was the duty of another and Ts of smaller body to come to see them if 4,295.00 will report during a special cossion of figures, figures of the exact num

possible without themselves being dis the Legislature to be held from March Ersatz and 1st Ban. Landsti 251,176.25 18th to March 28th. The provisional actually placed in these categories during covered. The big open space of the golf expediente which have been substitated each year from 1889 onwards. He has course, dotted here and there with one. or two inconsiderable bunkers, presented 157.120.30 meanwhile the increases of the tax on taken the actual numbers of the con- dificulty to the weekers, since they

18,638.76 those exempt from military service, of the tingent, a recruiting reserve, and the would almost inevit

goen it they cost of alcohol, of certain registration actual numbers of young men from 18 ventured ther

truly great man 8 188,581,6 duture, and of telegraph, telephone, and 20 who have to be considered. This among them, howeve

1,954.00 postal rate will, as revised, nearly meet appears to be a safer man per of estimating emergen Boldly vancing on two the Budget deficit for the current year than the study of percentages, and in the golfem, he asked per Emon to pretend 139,985.64 of £280,000, though they will not, u writer's opinion it would be danger as to play

atch with course, provide for the interest and sink-optimism to believe that behind that them

This being 263,143,83 ing fund of the war loans of £8,500,000 trained German Artoys originally nearly polite amazement, he commande

They were protected from & Referendum five million strong, there are less than of their clubs and marched in their com 6,090.78 only by declaring the resolution imposing another four million who can be brought patty openly towards the wood, playing

them to be urgent, but the Socialists in on to reinforce the armies in the field.

as he went the most beautiful atrokes with the Lower House contended that this TONOMIC ANTI WAK

nphantom ball. Nearer and nearer 5,638 17 desired, first, to submit an alternative this war is to measure its dangers fully, seen by an heroic creature

The first condition for our success in drew, all unobserved. He was not 157,579.80 scheme to the Federal Executive, and

climbed 4,907,09 next to declare that the changes should and for all the Allies to barbour 20 not allowed to come down again

up to the top of a tree and 4,216.04 not continue for more than five ears illusions concerning the eneury.

Both proposals, however, were defeated share in the tank we have great, armies in 460.00 by large majorities, but the levy the making, and we have to ensure not capital and the tobacco monopoly are only the replacement of casualties in these $4,431,706-98 certain to be met with vigorous opposturies but also the maintenance of land forces adequate for home defence and not

By value of Wharves at Kowe

loon as per last account. Fess written off last year.

Since expended

By value of Railways and Koll- ing stock at Kowloon as par last account....

Leta written off last your.N

Since arpended

By velic of Launches as per

last account

Zess written off last year

Since expended

By value of Lighters per last

- Less written off last year,

Fince expendod

value of Machinery and Plant as per last account. Less written off last year.

Binne expended

By value of Land and Buildings

at West Point ...

By value of West Point Wharf

As per Last account

Jess written off last year.....

By Burdry debtors

By value of coal on baud

By value of stores on hand. By Share Union InsuraNOS

Society of Canton, Ltd

09,867.24 0,361.44

00,005,80

454.61

SWITZERLAND AND WAR.

INCREASED TAXATION.

have, therefore, been referred " for fur-

procedure –—– was unconstitutional, and s

tion.

теп

he said the wind felt rather too colo

to the

with

one

He had holed his last imaginary path and was just about to repel a position castory and within hi greengh safety, whers, he was discovered.** riddled by imaginary bullets, mea

REMINGTON TYPEWRITER CO.

INCORPORATED) NEW YORK HONGKONG AGENCY, QUEEN'S BUILDINGE.

Hongkong, 30th November, 1914

NOTICE.

WE HAVE BEEN APPOINTED SOLE AGENTS

[60%

IN HONGKONG AND SOUTH CHINA FOR

SAKURA BEER

BREWED AND BOTTLED BY

THE TEIKOKU BREWERY

CO. LTD..

MOJI. JAPAN.

This is an Excellent Beer

and moreover CHEAP.

RICES, ETC., ON APPLICATION TO— DONNELLY & WHYTE, WINE AND SPIRIT MERCHANTS.