1915-03-10 — Page 3

COMPANY REPORT.

THE HONGKONG FIRE INSURANCE CO., LTD.

The report for presentation to the share- holders at the forty-sixth ordinary meet- ing is as follows:-

The General Managers and Consulting Committee have pleasure in submitting to the shareholders the forty-sixth annual report of the Company,

1013 Account.-This account shows net profit on working of 8877,950,20. This sum, subject to the approval of shareholders, it is proposed to deal with as follows, yiz,--

SHANGHAI LAND

INVESTMENT CO.

ANNUAL MEETING

THE HONGKONG DAILY PRESS, WEDNESDAY, MARCH 10TH, 1915.

increases amounting to T 70,000, but THE HONGKONG VOLUNTEERS,

CORTS ORDERS BY LIEUT. COL. A. CHAPMAN, V.D.

JOINED.

TANSFERS.

No, 1765 Pte. W N. Fleming and No. 1763

Pte. G. A. Miller from H.K.V.it to Engineer Company, dated 9th March, 1915.

Ptc MJ Breon is grasted leare of

nisence from 9th March, 1915, to 9th March,

FIELU FILING "7ru Manor, 1915.

'fired.

against this there are decreases in respect to five estates amounting to Tis: 34,000, Tis. 33,000 of which is due o properties having been sold. The gross increase in rents is made up as follows: Sopper A. Tape joined the Corps on 9th Tis. 22,000 increase in rents of the older March, 1015, allotted Corps No. 1764 and The annual general meeting of share properties that is to say properties posted to Engineer Company holders in the Shanghai Land Investment completed up to the end of 1013 Co., Ltd., was held on the 2nd inst, at the Tle. 47,700 increase on newly developed Company's offices, No. 2, Jinkee Road, Properties. Tls 8,770 on property put chased during the year. Outgoinga for Shanghai, Mr. E. Jenner Hogg presided, insurance, repairs, taxes, water, eie, are and was supported by Messis. H. A. J. increased only Tls. 1,613.35, insuranco Macray, C. G. S. Mackie, E. C. Pearce, being increased Tis. 3,500, the chief and C. W. Wrightson (Directors) and Mr. reduction being on account of repairs,

Commission Account is practically the 1918, P: Peebles (Secretary). There was a fair same as last year. Fire Insurance Com attendance of shareholders, mission shows a good increase owing to our The CHAIRMAN said: Gentlemen, I will having benefited, under the new arrange ask you to correct & clerical error in the ment, from commissions on a whole year's report the increnso in gross rents is there Account shows a entisfactory increase of premiums. The balance of Working Addition to Reinsurance. Fund 181,959.20 / stated at Tls, 44,972.05; it should be Tis. Tis. 30,615,94.

A Profit and Loss Account-The debit The year ander review has ben ons of side of this Account shows the Interim $377,069,20

satisfactory progress. All the buildings 1814 Account. The balance at erodit of which were in process of construction at Dividend of 0 per cent paid in July last, this account is 2403,710.54.

the date of our Inst meeting have been and the transfer to Improvements and Consulting Committee Mr. White completed and they were, in almost Renewals Account antherised at the last meeting and a small item for brokerage resigned his seat on account of his denar every case, tenanted as soon as they were on the sale of the remainder of our issue rently for occupation. A very limited of Debentures On the Credit side aro number of foreign houses was commenced the net profits on sales after dedueting during the year and only where tenancies the Tls. 30,000 odd written of Seymour had already been arranged. As indicated Road Estate. Premium on Debentures is The Hon. Bir Paul Chator, C.M.Gin iny speech last year, we have proceeded less than half the amount under this Messzs, Barton, Maitland and Gubbay with foreign building in

a guarded rotiro, but being eligible offer themselves manner and the fact that at present there out last year, due to the fact that we for re-election.

are many vacant foreign houses in have had less debentures to dispose of. Auditors. The accounts have been Shanghai shows that the danger of The balance of Profit and Loss Account audited by Messrs. R. Percy Smith, over-building this class of property shows an increase of Tls. 95,378.74 and which we foreshadowed was well ground your Directors in recommending the F.C.A., and A. R. Lowe, F.C.A.

ed. It is satisfactory to be able to tell appropriation of the Profit and Loss you that at the close of the year we had account balance have in mind the pos

Dividend of 827 per share $216,000.00

ture from the Colony and Mr. G. W.

Barton was invited to fill the vacancy.

JARDINE, MATHESON & CO., LTD. De Conor Managers.

44,962.65.0

Co. H.K.V.R. 62 See. Artillery 22 Co. II.K.V.R. 02.

Centre Sec

G

Rounds fred.

977 No. of hits.

020

140

18:15:

24.61

22.63

Co 23 250 63 23.00 Civil Service ∙Cáp Band: Right Seen

M.G. Co. 93 - 990-67

20.90

Co. H.K.V.R. 61 610 100 17.98

THOYOST MARSHAL'S PERRIES TO LEAVE THE

COLONN

Before calling at the Provost Marshal's Office for these, members must abiain a certi

ficate of leave from the Corps and exhibit sams to the Provest Marshal when applying for the permits.

Parndes for to-day (Wednesday): Units on duty at Headquarters and Mount

Remainder wil

WORKING ACODENT 1913.—ON 31ST DECEMBEN, only on foreign house vacant and our sibility that 1915 might be a less prosperous Austin Barracks, under Officers on duty.

Losses and Claims, Charges

1914

Romuneration to Consulting

Committee and Auditors Commissions. Balanco, as per Balance Sheet..

Net Premia received, less Re

turns and Roinsurances

Interest

Transfer Fee

..$ = 124,920.37 | A reconstruction of

171,650.05.

yaar than 1014 and have therefore recoin- mended that a substantial amount b

carried forward, nlse that TIs. 50,000 be DETAIL replaced to the Credit of Equalization of Dividend Reserve.

Improvements and Renewals Account interest on undeveloped land for 1913, and has been credited with Tls 30,384, being the account has been drawn on for part of the cost of Chwang Hoong re-building and for other improvements of a per manent character:

Chinese propertica were fully tenanted. 34,045.36 Estate was taken in a part of Will's was cut joining up the Woosung Road 6,800.00 with the Seward Road and Chinese shops 80,363.29 built fronting on to this now road, a 377,959.20 scheme which has proved very popular with the Chinese. The result of this will 623,988.18 be that Will's Estate rents for 1915 will show little if any decrease in spite of the fact that over Tls, 200,000 of rent-pro- $452,226.03 ducing property has been sced. The Balance Sheet requires little ex Certain improvements have been takenplanation and is dealt with in detail in 106.09 in hand on Chwang Hoong Estate, two the report. The grouping of all the blocks of very old Chinese bungalows estates under one head your Directors $ 623,098.13

having been pulled down and a better feel confident is, from all points of view, class of Chinese house built, and the a better way of presenting the accounts. WORKING ACCOUNT 1014. ON 31ST DECEMBER, improvement in tenancy and rents fully

1014.

Mortgages Mortgage loans Amount Losses and Claims

103,258.10 justifies the step taken. Half the cost of

to Tla. 2,582,359.05 and are all fully this improvement, as stated in the report,'

covered. has been charged to Improvements and Renewals Account. Further developments will be taken in hand on this estate at such times as appear most opportune.

A commencement was made during the year to develop with Chinese houses, 474,951.58 suitable for letting at a low rent, the land 180,085.81 adjoining our Hongkow Creek Estate. 82.00 160 Chinese houses of the better bungalow

Charges

Commissions

Balance, as per Balance Sheet

Net Promin received, less Re

turris and Reinsurances

Interest

Transfer Fers

8

41,871.61 106,773.10 403,716.54

055,139.37

During the year we have lost the services of our old colleague, Mr. Kinnear, and with your permission I think we may to-day fittingly expres our regrets that he is not with us-while at the same time wishing him health to enjoy for many years his life at home

Mr. Mackie has been invited to join the

Orderly Officers Liont, Weall Orderly Sergt.: Corp. Lewisk To furnish Guard:

7 a.m. to 7 p.m. 10th inst. Scouts Co. 7 p.m. 10th to 7 a.m. 11th inst... Scouts Co. 7 am to 7 pm. 11th instr Sconts Co. FUN AT MOUNT, AUSTIN BARFAUKĖ.

7pm. to-day to 7 am 11th inst. No. 1 Section Artillery and Loft Section: M.G.. Co.

AKGE. Srewarz, Cant,

Adjutant, H.K.V.C..

VOLUNTEER RESERVES.

ORDERS BY MAJOR WABEMAN, 0.C.H.K.V.R.

PARADES.

A, B and C Companies will parade on the Cricket ground at 5.15 p.m. on Friday, 12th.

Dress Drill Order, J

Recruits not yet passed out will parade on the Cricket ground at 0.15 p.m. o Wednesday, 10th, Thursday, 11th, and Mons day, 15th

N.C.Os, class of instruction will be die

continued for the present.

PROMOTIONS.

8655,119,37; first block of 90 were let as soon as finished will form the subject of a resolution in C Co.: Sergt.: W: Ratter to be Coy.-Sergt.:{ class are in process of construction, The board and the confirmation of his election The fallowing promotions have been made

BALANCE SHEET OF 31ST DECEMBER, 1914.

TABILITIES. A

Capital 8,000 Shares of 8260 each-$2,000,000.00 OF which $50 per Share has boon pisid

up

Reserve Fund ... Reinsurance Fund Investment and Excharige Flie

tration Account Tucollected Dividends Accounts payable ........ Working Account 1913:--

Not Profit, as per Statement Working Account 1014, as per

Statement

ASBETH Cash, os Current Account and Fixed Deposits with Banks Mortgages, Loans and Dobon-

•tures

Foreign Government

Bands

Silver

Indian and Colonial Govern-

ment Stocks

Foreign Government Gold Loans Indian, Colonial and Foreign Port Trust

Railway and Bonds and Stocks Other Investments: "Agency Balonces

Accounts Receivable

1915.

to-day at A

and the remainder although not yet com-

The Chairman concluded by an expres pleted are already let. The completion of the Maciregor Road, Jessfield Road,sion of thanks to the staff for their excel-

lent work during the year. and Dixwell Road houses and the com-

entament of two houses DA Zang Pang The report and accounts, vero alter Estate comprises the building operations wards adopted; a final dividend of 8 per 8400,000.00 for 1914. Altogether Tls. 223,031 has been cent, was authorised for payment, Mr 1,600,000.00 spent on new buildings during the year, E. Jenner Hogg was re-elected a director 345,808.23 most of which will be fully productive for of the company Mr. G. R. Wingrove was re-elected auditor for the year; the appointment of Mr. C. G. S. Mackie as 06,613,78 Sales of property-As I mentioned when a director was confirmed, and a bonus of

1,215,001 at addressed you, about 5 mow of 10 per cent. was voted to the staff. 88,752.10 Will's Estato were sold during the year and the profit of Tia 131,708 has been 377,959.20 carried to Profit and Loss Account, and Shantung Road Estate gave a profit of 406,716.5 Tis. 40,017.23, also appearing in Profit and Loss Account Seymour Road Estate, 83,282,864,91

which was purchased in 1907, was sold during the last month of 1914 at Tis. 13,000 over the original cost, but owing to our method of charging all unproductive 721,468,87 land with compound interest it shows

book loss of Tls. 30,440.34, which has been 1,818,776.92 debited to Proft and Loss Account

Purchases of PropertySome 13 mow 7,371.70

of land have been added to Great Western 104,157.18 Road Estate, giving this estate an 185,968.18 Eastern frontage for its entire depth on Avenue Paulun. 11 mow have been added

to Faoshan Estate; the purchase was at 183,515.62 a low price, and has enabled us to devise 172,446.00 a more economical scheme of development, 50,591.18 A small lot of about 2 mow was brought 88,476.77 to improve the boundaries of Jersfield Estate No. 21. Mohawk Road Estate has been acquired. It is a block of newly developed Chinese property

near the Race Club and is well let, and your Directors consider it a satisfactory invest ment. A total sum of Tl. 169,579 has been spent on purchases during the year,

$3,282,864.01

C. P. CHATEL, Members of Consulting C. S. GURDAY, Committee.

JARDINE. MATHESON & CO., LTD. pdf General Managers. Auditors' Report.Wo report that we The impossibility of foreseeing to what have examined the Accounts of the Company extent the war in Europe will affect at the Head Offen with the Books and Vou business and consequently property in okers in Hongkong and returns received from Shanghai has caused your Directors to the various Agencies for the year ending 31st proceed in every direction with a great December, 1914. We have also satished our deal of caution, Immediately on the selves as to the oxistence and value of the outbreak of war and during the months Securities for Investments, Cash at Banks which have since elapsed expenses have and on Mortgage to the amounts specified. been cut down to the lowest possible We bare altained all the information and minimum consistent with the maintenatice explanations we have required and, in our of our properties and the comfort of our opinion, the ahore Balance Sheet is properly tenants, The result of this is that we are drawn up to as to exhibit a true and correct able to place before you a statement of view of the Company's affairs according to accounts which we are justified in believ the best of our information and the explana- ing that you will consider very satisfac tions given to us and as shown by the Bookstory. of the Company, Inga Ba

H. PERCY SMITH, F.C.A., 1 A. R. Lova, EC.A.;

Hongkong, 8th March, 1915.

Auditora

The Red Cross Detachment from Japan which proveded to Marseilles by the Japanese liner Fushimz Maru was placed at the disposal of the French military authoritier The chief of the detachment is Professor Shiota Hiroshige of the University of Tokyo.

Turning to the Accounts:-Charges are inercased Tis. 3,407.84, of which Ts. 1,700 is due to extra printing (rent books, etc.), and stationary. The $500 for special medical attendance and hospital expenses for one of the staff, and Tls. 1,200 for passages, locomotion, etc. The addition in salaries is due to the increase under the running agreements of tho staff. Rental Account is inerented in conse quence of one of our own godowes being. occupied for a part of the year by our wolves for storing hardware for our new The Kolische Zeitung publishes a buildings Interest Account, this year detailed article by an expert advising the appears on the Dr. side of Working immediate construction of a large canal Account, and it will be apparent to you from Antwerp to Cologne, connecting the that while we continue the development Rhine and Scheidt rivers. Preliminary of our properties without incressing our studies and designs are at hand. The Capital our Interest is liable to become a canal must be built whether Germany larger debit. Gross Rents are increased Keeps Antwerp or not.

by Tls. 44,062.65. Fourteen estates show.

"A THRONE OF SKULLS.”

STRIKING MANIFESTO BY GERMAN SOCIALISTS.

The following circular has been jesued by the committee of the German Humanity League:-

Dear Comrades, Six months have passed since our Government declared war upon Bussia, viotited the neutrality of Belgium, and plunged the nation into

Major as from 4th March, 1916.

INTIMATIONS

LANE

CRAWFORD & Co.

END OF

SEASON

TO CLEAR

AT VERY SPECIAL PRICES. ANGLO-ORIENT

SEAMLESS REVERSIBLE

CARPETS AND RUGS.

BRITISH

MADE

IN VARIOUS SIZES.

INSPECTION

INVITED.

COLOURED LITHOS ON APPLICATION.

LANE, CRAWFORD & CO.

[22

REMINGTON JUNIOR.

ALONG FELT WANT SUPPLIED AT LAST."

"THE REMINGTON

59

JUNIOR.

PORTABLE TYPEWRITER FOR TRAVELLERS, SMALL RETAILERS DOCTORS, CLERGYMEN AND OTHER PROFESSIONAL MEN, ETC. ETC.

SPECIAL FEATURES :

Corp. D. T. Keith to be Sergt. vice Sergt. Simplio y Compactress, Durability, Portability. Weight 16 lbs., in leather travelling case 21 lba W. Kattey promoted.

Le-Up!. H. G. White to be Corp. vice Cornil, D. T. Keith promoted.

Pte, A. G. Graham to be Le Cpl. vice Le Cpl H. G. White promoted."

Pte. J Bmyth to be Le-Cpl. to com- pleto establishment. TAMAIN GUARD,

2 Officers and 100 Rank and file of the Rescivo will relieve this guard at 10 p.m.; on Saturday, March 13th, and will remain on duty until 7 a.m. on Saturday, March 20th.

Guards will be provided as follows

7 am to 7 pm: 1.N.CO: snd 9 mon. -7 p.m. to 10.15 p.m.: 1N.CO, and 6 men. 10.15 p.in. to 7 a.m.: 1 NC.0, and 12 men. The guard of 1 N.C.0, and 3, men will relieve the Volunteers at 7 a.m. on Saturday, March 18th. kon The main guard will consist of the whole

of B. Co. with the following exceptions:--- Corp. G. C. Moxon, Pte. 8. H. Dodwelt.

Pte. H. W. Looker. Pte. J. A. Plummer Pte. A. litchie.

Pto. A. R. Austin, Pta. L. Davidson, Ft. J. R. Greaves. Ft. E. V. D Parr. Pte. F. B. L. Bowley.

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It is swift nad ensy, does beautiful work and is so simple in construction. that its skilled operation is quickly learned by anybody, No lessons needed. Though just as well made any of the regular models, Ita price is only about half of the Standard Modelu,

It is built for the non-user, for the immens army of people who moed a Typewriter and have always nooded one, but who would not get the Standard Models because their requirements are different. In one word, it is built for people who will oporste their own Machine

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REMINGTON TYPEWRITER CO.,

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And in addition the following members of

HONGKONG AGENOY, QUEEN'S BUILDINGS.

Hongkong, 80th November, 1914.

a devastating campaign now proceeding A Coy will be on duty with the main in three Continents without the slightest guard a justification, as is amply proved by Sergt. A. C. Franklin. documentary evidence.

Corpl, D. Harvey-

·

Pte. S. H. Dutton.

Pte. R. Hunter.

Pte. J. Hyde,

Pie. K Melonzan. Pte. HC. Saudford. Pte. H. E. Ecrivon.

Pte. H. Seth:

Pte. AV. Ward.

Pte. C. W Ward,

Pte. W. Wright.. Pe. J. W. Wilson. Pte. F. W, White Pté. A. Gibbs. · · Fto W V. Hinton. Pte. R. P. Thursfield.

In the Reichstag absolutely false Cpl.JH.McHutchen. explanations were given The Social Le Cpl. C. Martin. Democrats, in a body, failed to support Le Cpl. A. Charlton. Dr. Leibknecht in the honourable pro Pte. F. Austin. tests he made against the war credits. Pte. H. M. Bain.. We are as sleep deserted by our shop Fte. C. B. Buyers. herds. Wo bid you taks courage to carry Pte. H. F Campbell on to the utmost of your power the Pte. A. Forbos. propaganda of enlightenment which Pte. A. R. Henderson. alone can awaken the nation from the Pte. H. K. Holmes. peril of trusting to perjured miscreants, Pte. E. H. Kay who have so basely deceived us, Pte. P. Tester,

Switzerland, true to her mission, has | Pto, A. O. Làng”............... resisted all financial attempts to allow PEAK QUAUD--MT. AUSTIN BARRACKS., her railroads to be used for the secret 1 Officer and 20 rank and file of the Reservo invasion of France. Austria, realising will relieve this guard at 10 p.m. on Satur- the growing danger of internat (dis day, March 13th, and romain on duty until orders, seeks to obtain a peace which the Saturday, March 20th, at 7 ama Allied Powers have refused so long as A guard of 1 N.0.0 and ♬ men will be a single German soldier or official re-mounted nightly from 7p.m. to 7 a.m. The mains in Belgium. Japan, in terms of Peak Guard will be composed of the follow- pointed significance, has let it be known ing men:-

at Washington that she views with Sergt. E. V. Michel- Pto, H E. Hickman. increasing displeasure the terrible and more on Pte. C. Lafrents,`-- undeserved barbarities to which the Le Cpl. W. AL' Hum- Pte. W. B. Elwes. Belgian Balion has been subjected. phreys Pie GW. Barton. These are all signs of hope Le Cpl. G. M. Smiths, Pte. C.D. Melbourne, Comrades-We know the sacrifices Pte. T. Arthur Fto. WL. Fattenden,

Pte. TE. Pearco imposed upon the nation. We also Pte. H. W Bird know the brave efforts you have made Pte, A. G. Coppin. Pte. GA. Hastings. and are making. The injury in Pte. A. E. Griffin. Pio. PH Holyoak the cause of International brotherhood Pte. R. Hancock. Pte, Chapman. inflicted by our Socialist comrades who Pto, H. Hancock." Pto. AEM Williams, have deserted from our ranks and joined. All members detailed for ether the Main our oppressors will not be repaired in or Pank Guards must remain in uniform all a day We know that it is useless to day and retain their arms and ammunition talk of pesce until Frussia is deposed by them in readiness for any gudden call to from her throne of skulls, and we call duty.

rpon every worker who yearns for an end of this infamous war to assist in breaking up the group of Prussian conspirators which has indelibly dis graced Germany in the eyes of the civilised worldPAN KAN DET

(Signed) KARL BERNSTEIN. President. HOME MÅLRRICHT ZETTE, Secretary. Rotterdam, February 3rd, 1915.

OFFICEDS ON DUTF-

With Main Guard Capt Brutton and

Lieut. Branch,

With Peak Guard Lieut. Blason, Orderly Officer: Capt. Brutton Path Orderly Sergent- Serat J. C, MacKay. Orderly Cpl. : Le€» C. 0 Hickling.

(Sd) W L CARER, Cant..

Adjutant, H.K.V.B.

Westminster

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London

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IN BETURN FOR 10 EAFTY TINS WE LIVE A HANDSOME CALENDAR FOB 1915, or for 25 Empir Tins One Oil PaintinG STRETCHED ON UÁNYAN

Hongkong, 5th March, 1915,

1301