1915-06-29 — Page 3

COMPANY MEETING,

GANDE, PRICE AND CO., LTD.

The manager having read the notie convening the meeting.

THE CHINA ASSOCIATION.

EXTRACTS FROM THE ANNUAL, REPORT.

TAR HONGKONG DAILY PRESS, TUESDAY JUNE 29TH, 1916.

That they were not more Under the able management of Sir the Far East, Richard Dane, the Salt Gabelle is ressuccessful is regrettable; but must be set ported to have yielded a net revenue of down to the exigencies of the national 12.000,000, which is more than there it is, he will tri add that at no safety, as conerived by the Censor. And POVENKY. received from the Maritime₫ Customs, It is understood that a recitime did the Committer wish for, or nisation of the land tax is to be taken it, the removal of a single restric

suggesting the limited use of privata monetary guarantee, they could forese na codes, by selected firms, under heavy

nore danger than is to be apprehended from the use of pablie codes. inasmuch as the cyphers in fth public and privato coles, and for that matter, plain English works, can be used to conray a meaning not attached to them. However. the Comes could not take this view, and the Comunities could only bow to his decision, particularly in view of a hint that fur- ther insistence might increase, rather than lessen, existing dilenities.

hand at an early date, and when the which in their opinion, might jeopardise the national welkere, But in

As far as information is available to the public the total debt of China which involves an annual charge. approximately amonits to £170.000,070,

£8,500,000

To

***

of about which must be added. for: amortisation of loany 1,500,000|

INTIMATIONS

LANE

CRAWFORD & Co.

(ESTABLISHED 1880-

(TELEPHONE 1741).

FOR ALL KINDS OF

BAGS

LADIES'

LEATHER HAND-BAGS. SILK VANITY BAGS.

HOLDALLS

LINEN BAGS.

GENT'S

The eighth ordinary annual meeting; The animal report of the China As of the shareholders of Messrs. Gande, sociation for the year 1914-15 connpeices necessary reforms have been carried out, Price and Company, Limited., was held at with a brief survey of the political events revenue of clos upon it is estimated that this suures will yield the office of the company, yesterday, Mr. in China during the interval since the £20,000,000. Chan Kai Ming presided and tiers were | Jast general meeting, Wo med not: reeap- present:-Mesra, S. C. Pank and Lo Poitulate this, but we may quote the follow Wing (Directors) Messrs. J. J. Blake ing remarks, on the present situation in C. Bond (Manager), M. A. Raznek d China - JF Oxborry.",

The Republic has justified its existone: in a remarkably short space of time. It has reestablished the authority of Peking over the Provinces, has to a great extent sup

Making a total of about.....210.000.000 The CHAIRMAN said:--Gentlemen. the pressed disorder, and bus paugurated

indicious fiscal reforms o conservative noted in the successful flotatios of a A new departure in fimames may be report and accounts for the year ending times as, for example, in the cone of the internal loan of $10,000,000: the amount

QUESTIONS CONNECTED WITH THE WALL 1014 baving been in your hands for some Salt Gabelle. There is an element of being over-applied for, it was subsequently Foreign Office on the question of trading The Committee base addressed tha fine. I propose, with your permission. tomont in that it is mainly dependent on one 4 further loan for a similar amount to paney between the advies given by the weakness in the present system of govern- decided to increase the total to $24,000,000 with the enemy, jointing out the discre take them as read. I am pleased to mua-the President-but the country may be issued this year is now under cm- inform you that the nett profit for the count itself extremely fortunate, while it sideration. As evidence of increased com- it is undesirable to enter into commercial Board of Track to British subjects, that year is $10,709.44,, which I think should violent up awal, in having a strong mi Government, this new departure is signi during the continuance of the war, an

has been passing through a period of fidence of the Chinese people in their transactions with eremy subjects in Chian regarded as very satisfactory considering to direct the era of affairs; weak fleant, and if the Treasury is wise it will the provisions of the Trading with the that our trade receipts fell considerably lender, oven, with the best inations. carefully protect the interests of the Enemy Avi, nuder which such transaction

mightily have innded the whole investors. owing to geral depression in business country in anarchy. China has the good Government rede med. in Canton, local understand the matter is still under During the year the Central o permissible in certain cases. We on nccount of the present crisis. Our fortunate, nt this crisis in her affairs, tootes to the extent of 832,000.000; although have a leader who not only knows his these notes were retired at a considerable

consideration. turaster for the year was $12,167.15. less own mind, but also knows his fellow coun- discount, the general effect of the opere every reason to feel proud of the contingent British subjects resident in China have than the previous year, and seeing that tryinen, who has decision of character, andtion was salutary, especially as it was which has come home to join His Majesty's -we made a fair profit during these had the courage of his opinions,

earried out expeditists and in a bus forecs. A helping hand from men overseas It is clear, however, that there is a great like unner. It is estimated that there at this crisis is welcome and deeply ap times. I think we can safely say that our element of danger in any system of are still outstanding about $130,000,000preciated by everyone in the old country. business is once again in a sound government which is dependent on any one of provisional notes throughout the and we congratulate our branches in the

individual. however emirent and capable country. condition.

Our decrease in expenditure Continuity is essential to stability, and it for the year was $12,279,51 instead of will be a crucial test of statesmanship to liabilities of the Chinese Government, i have endeavoured to keep in touch with the Viewed from European standpoint the organising the movement. The Committee Far East on the part they have taken in 89.485.51 à chain on the Balance Shed, lay the foundations of the system that comparison with the extent and resources members of the contingent by registering. assum $2,794, allowed for Advertising when the President's office becomes vacant of the country, are by no means heavy the units to which they have become at- Account was inadvertently included in bessere meno con apa Thise resources are capable of much tached, and have afforded thera what eseis

being loyally supported by the, mure greater development; the strength of the time it has been in their power to offer. our account for the year 1913 whereas this responsible and patriotic element amongst country lies in the instry and enterprise November 1st the Association amount should be shown in the accent the people. A state of affairs in which of the great mass of the population, its for 1914. We trust we shall still be able very change of President is likely to give weakness in the atmosphere of mistrust and received from the Central Committee for rise to internal strite would be disastrous, intrigue surrounding its governing classes National Patriotic Organisations on _fountain - this - reduction during the A Chinese Administration is now immer which has for so long been characteristic assist in the work of instructing public inquiry whether the Committee would after centuries of Manchu rule, Those of effcial life. urrent year. We have also 'provided a who are opposed to an autocratic system.

opinion in China regarding the war, Further sum of 82,000 in addition to the have plenty of scope for devcting their

particularly by getting one or two of the amounts allowed last year a% reserves energy and ability to working for the It is almost incredible that a people who most important pamphlets issued in Eng

of constitutional are no adoption at graklitat against bad and doubtful debts

practical in their own private land translated into Chinese, and distri ensures, and will be doing much better anies should continue year after year to buted throughout that country. In view Taipeh and Kobe Branches. We are work for their country, then by plotting borrow large amounts and thereby incur of the gross misstatements circulated by doing our utmost to collect these out-violent or disruptive schemes.

An increasing burden of interest, while all Germans in China regarding the war and the time valuable minerals lie under the the responsibility for it. the Committee standing debts, but it is a long and tedious

Concerning eventa connected with the oil which would bring in revenue to the considered it most desirable that an busincas, aa a greater part of these

Anglo-Japanese operations against Ger-

Government and provide employment for authoritative statement should be publish- secounty in pesoverable only by taking many in Shantung the reporò sayɛ<--

the people, if only business-like regulaed stating clearly and concisely the true strong measures which would entail heavy This Association being deeply interested tious were made for the active encourage facts of the ease. Accordingly a pamphlet Our Steam Launch Martell in commercial relations with the Far East nent of the mining industry and for the of some 40 pages, entitled, "The Great expenses. was disposed of during the year under karned with great satisfaction of the security of capital invested. Chinn must War: its origin and the responsibility prompt measures taken by the British and rely upon herself to work out her own for it." has been compiled under the review at a profit of 8484. In conclusion, Japanese Governments to deal with the salvation, and one of the surest means of auspices of the Association, and has beetI I think we can congratulate ourselves on German menace in China and in the accomplishing that end is to develop her sent out to Shanghai for translation into Chinese hy the Christian Literature the year's working, and I sincerely trust Pacific, and welcomes the successful results of, the operations, Germany's policy of

No steps have been taken by the Govern- Bociety, and subsequent circulation in that our next Balance Sheet will bworld-Empire evidently did not leave ex-ment to establish a uniform currency China,

THE BANQUET. throughout the country, but the state of equally god, if not better then the pansion in China out of account: preconfusion into which the currency in Owing to the Gient War it was decided

pirations for further develement may be Our thanks are dao present one.

seen in the expenditure, Tsingtao circulation has drifted has brought about that the annual dinner should not take WE

a extain amount of improvement of itself, place, and it was suggested that pembers to our staff for the assiduity shown estimated at £20,000,000;

in It is reported that the Government who had intended to be present might be during the year. I shall be pleased to this paint d'appui has rritered

the Far East from the menace of German having accepted payment of taxes in glad to pay in their subscriptions to a answer. to the best of my ability any aggression, but presumably no definita depreciated paper money, have withdrawn fun to provide tobacco for the troope questions which shareholders may wish to settlement of the somewhat complex many of the notes, with the result that and towards the London Chamber of Com situation arising out of Germany's posi considerable appreciation in the value meres fund to supply newspapers for the -put.

The fund was an immediate tion in China can he arrived at until the of the outstanding circulation has taken Fleet.

pince. Large quantities of superfluous success and the total of £200 176, 6d. terms of peace are arranged.

With regard to the Japanese demands silver, including subsidiary cainags have shows clearly the generous response to the on China, the report states that the been melted down and converted into appeal. 625 was contributed to the news. Association warmly supports a policy ef my cre The coinage of copper cash is at paper fund, and 900 lbs, af tobacco and co-operation with Japan based on the terima last said to have been stopped, as the gr0.000 cigarettes were sent out to the of the Anglo-Japanese Treaty, believing depreciation latterly became so great that

froops at the front. that under these conditions the welfare there is no longer any profit in coming of China rival the peace and prosperity of it. The quantity of copper coins in cir- culation is still far in excess of the requires the Far East will be assured.

ments of the people; depreciation of this currency is a heavy burden on the masICS, but if the provincial inints remain closed; there will sooner or later be some roccivery from the present depression..

Th report and accounts were adopted. Mr. Jau Po Wing, and S. C. Pank wore re-elected directors and Messrs Lowe, Bingham and Mathews as auditors

ant:

A CHINESE LOAN.

Mr. Gardiner was for plaintiff and. Mr. Heng defended

The plaintiff said the money, was lent through her brother and the rate of interest agreed upon, wrs 22 cents per $1,000 per day. There had been many applications for the repayment of the Joan, but up to the date of the issue of the weit nothing Ind born paid. She alleged one occasion when she asked defendsat for the money he did not deny owing it and merely replied. If you eat me open now you would not find any invagy."

tlink on

THE CAPTURE OF KILOCHOW.

RAILWAYE.

Mention was made in last year's report of the large number of railway contracts that had been entered into during that period, the most important of which, from British point of view, was the line from Pakow to Sinvang, giving through connee. tion from Shanghai to Hankow.

resources.

MINING AND CURRENCY,

"VARIOUS QUESTIONS.

The Committee are able to record with To great satisfaction the conclusion of

At the Summary Court yesterday, Kwong Yuen Cheang, n galesman, of 75 Bonham Road West, sued Ngoi Tsing Tip chief proprietor of the Kum Hing firm of money-changers, 78, Bonham Strand West, for 8733.96. being the amount deposited by the plaintiff with the defead-3 these, ai still more important line has been negotiations for the long-delayed exten

added during the present period, viz..sion of Shanghai Settlement.

The question of the headquarters of line from Nauking to Nanchang, the Capital of Kinngsi Province, and thenes Commercial Attachés in China has for some westward to connect with the Hanko years been the subject of discussion

the Association

and

the Canton main live near Changsha, the con between tract for which was secured by the British AuthoritiesIn May, 1814. Sir John and Chinese Corveration... The capital Jordan, answering a letter from the required to build these two lines is Shanghai branch, in a lengthy memo estimated at ten or twelve million standum-carefully reviewed and criticised ling, and sold result in large orders the suggestions made to which in due course, the Shanghai branch replied. The to British manufacturers.

It being impossible during the war whole of the correspondence is most period to finance loans on the Indou interesting, but, being confidential, cannot market for the construction of these lines, be inclu ed in the appendix. The move work has so far been confined to comment-throughout this country.in the early pleting the necessary surveys, which. i months of the war to capture certain being one under British enginers. the trades which had hitherto been in the cosis being defrayed by temporary hands of the Germans was considered by vances by the contracting companies, the Committee an opportune moment to Construction, however, is stendily procred make certain suggestions to the Foreign ing on the British line from Rankow to Office, having the same end in view in China. Accordingly, as the work and Canton. the funds for which were pr vided by the Rukwang loan of 1911. The duties of the office had become so multi- Southern part of this line, viz. from farious as to be beyond the scope of one at the Kwangtung-Hunaa Bordes is still mend the appointment of three assistent, Caton City to the point of junction Attaché, the Association ventured to recens in the hands of a native cempany, and whose headquarters should be at Tientsin, very slow progress appareatly is being Shanghai and Canton respectively. the Unless the Central Government Commercial Attaché himself residing at assumes control of this setion, and places Peking, and having the services of a In offering these in the hands of a foreign administrn-Chinese subordinate tion, several years must elaps before suggestions the Committee emphasised the through connection can be established opinion that a thorough knowledge of the Chinese language and some experience between Hankow and Canton.

of commercial affairs were indispensable. These recommendations were made October, and we understand that, so far, only one aditional appointment has been made.

2

Mr. Hung's defence was that defendant was not chief proprietor of the firm, but Mr. Gardiner contended that even if this were so, the fact that defendant was a partner made him equally liable.

Verdict was given for plaintiff with cuske, his lordship describing the demade. meanour of the witnesses for the defence as being very bad indeed.”.

NIPPON YUSEN KAISHA,

DOUBLING THE CAPITAL

A special general meeting of the Nippon Yasen Kaisha has been called for the 30th instant principally for the purpose uf considering the proposal to double

in

Good progress has been made in consoli dating the line from Shanghai southwards to Ningpo. The local native companies of Kiangsu and Chekiang have both been bought out, and the work of completing

The attention of the Committee has the construction has been entrusted to the

The again been called to the preferential treat- British and Chinese Corporation.

Нерге overting link between the Shanghai- ment of Japanese goods entering Man- Nanking Bailway and this line, which churia vi Dairen and Antung

the-Foreign Office on the subicct, and it skirts the Foreign Settlements at Shang-sentations have accordingly been made to is satisfactory to note, from information hai, is now in course of construction.

FINANCE.

the capital of the company, raising it from Throughout this period of financial given in reply to a question in the House

THE HONGKONG VOLUNTEERS. CORFA ORDERS BY LIEGT.-COL, A CHAPMAN, V.D.

JOINED

Private P. W. A. Wilkie joined the Corps on 28th inst., allotted Corps No. 1864, and posted to Left Section M. G. Co.

RESIGNATION,

Supper J. W. Dixon is permitted to resign, on leaving the Colony, dated June 6th, 1015

PARADES.

Parndes for to-day (Tuesday).

-6.13 p.m. Civil Service Co.-Squad Drill and Rite exercises under Company N. C. Os, on Cricket Ground.

--5.30 p.m.--Nos. 1 and 2 Sections Artillery

COLLAR BOXES. COLLAR BAGS.

KIT BAGS-SUIT CASES,

CADDY BAGS.

HAT CASES, CRICKET BAGS. TENNIS BALL NETS. · ETC., ETC.

BRITISH MADE.

ALL

LANE, CRAWFORD & CO.

[22

ARE OFFERING FOR ONE MONTH ONLY

A

SPECIAL LINE

DRAB

COAT

Battery and Left Section M. G. Co. LONDON CUTTER. Squad Drill and Rifle Exercises under Company N.C.Os, on Cricket Ground. 6.30 p.m.-Pight Section M. G. Co.

Lecture at Headquarters.

5.30 p.m.-Scouts Company (except V. COs, and men on duty at Detention Camp on 28th and 9th inst)-Squad! Drill and Rifle Exercises under Com- pany N.C., on Cricket Ground, 5.30 p.m.--Stretcher Bearer Section- Instruction at Headquarters. All members must attend. Remainder, 7,

DETAIL.

GUN CLUB HILL, KOWLOON.

A

LINEN,

AND TROUSERS $7.50.

GROSE & CO., LTD.,

Hongkong, 14th June,11915.

E.

NOTICE.

NY EUROPEAN desiring to leave the

TAILORS.

29, DES VEUX Boad,

G.

HONGKONG.

[662

NOTICE.

LL Persons applying to the PROVOST

Colony should apply in writing for per. A MARSHAL for Fages are requested in

mission to do so to the PROVOST MARBRAL

fature to apply between the hours of 9 AM, to

On daty until 3rd-Centre Section M. G. | Head Quarters Offices, at least 48 hours before 1 P.M. and 2 15 4 P.X. daily.

Co

Officer on duty-Capt. G. G. Wood.

AT DETENTION CAMP, KOWLOON. On duty-to-night-Scouts Company. Officer on duty-Lieut. Weall Orderly Officer -Lieut. Wright. Orderly Sergeant Sergt. Crawford.

G. E. STEWART, Captain, Adjutant, H. K, V.C.

"BONGKONG POLICE-RESERVE.

PARADES.

Tuesday, June 29th-

No. 1 British and Indian Platoons. Nos. 3 and 4 Portuguese Platoons.

MUSKETRY.

The six best scores at Saturday's practice

the intended hour of departure, giving name, nationality, age, sex, height, complexion and occupation of the applicant, and stating tha name of the steamer or other vessel or the hour of the train by which the applicant wishes to leave. Applicants should apply in-person for their passes to the Provost MARSHAL at Head Quarters Office between the hours of 9AM to 1 r.. and 2 P.. to 4 P.M. daily. Hongkong 26th January, 1916,

Hearkong, 18th Febenery, 1915. - [892

“IF YOU SHAVE WITH

A SAFETY RAZOR

SAVE YOUR OLDİ

BLADES.

[207

SAVE YOUR BLADES

75 Ch.

CLEARANCE SALE

OF

per Dozen.

Like new.

LAMPSHADES.

200 500 600Tl. 30 per cent. discount for CASH.

28 20 28

85

22 23 31 76

Ten 22,000,000 to Yen 44,000,000, by the strees and difficulty China has paid the of Commons on March 10, that the Japan issue of 40,000 new shares of Yen 100 interest on her national debt, as well as se Government have promised to grant at King's Park Range were as follows: each. The new shares will be allotted to the sinking fund of the Boxer indemnity. the same privileges to goods from foreign the present shareholders on September No information is available as to the countries as are accorded to Japaries1-Sergt. Sirdar Khan. 30th next, at the rate of one for each Treasury Bills, and short term notes out-merchandise. old share Out of the reserve funds in hand, it has been decided to distributstanding, but liabilities of this nature are

in

TILEGRAPH. BATES.

2T. Arnott

3-Sergt. Laminert

23 28 24′ 70

We can renew their usefuluess re-sharpen them and make them

WE SHARPEN EVERYTHING, CAMPBELL, MODEE & Co., Ltd. Hongkong, 24th June, 1915.

[667

1628214 KOMOR & KOMOR'S FRENCH LESSONS

This question, which are entirety Sergi Major Roylance The way in which the owing to restrictions found necessary by Chief Inspector Mason... 2. SA 32 72

Perusal of the letters will at Chinese Government has met its oblige the war, resulted in considerably corres-Grant Smith.. tions throughout the Crying period of the pondence,

a different category from the recognised Yen 8,250,000 to the shareholders, of national debt. whiel Yen 5,600,000 will represent pay ment of the first instalment on the new shares. The remainder will be distributed among the shareholders, and will amount to Yan 6.20 for each old share.---Japo Chronicle.

last four years is satisfactory evidence of once demonstrate that the Committee the recuperative power of the country, and spared no pairs in an endeavour to sug. inspires confidence in the maintenance of gest remedies for the mitigation of restric tions which were bandicapping trade with China's long record of national probity.

0. Chan sem

Cooke....

24. 10 261 99 21 16 7:00 24 28 F. C. Jeskis,

DS. P. (serve).

ALEXANDRA BUILDINGS,

G. MOUSSION,

Des Voeux Road.

16. MOISON HILL DAW

Hongkong, Sth Jane. 1915

[646

[617