1916-03-28 — Page 2

Page

INTIMATIONS

NEW SHIPMENT

OF

THE HONGKONG DAILY PRESS, TUESDAY, MARCH 28, 1916

VICTOR-VICTROLAS

AND

VICTOR RECORDS

RECEIVED BY THE

66

S.S. · ARAKAN,”

INCLUDING ALL THE LATEST SUCCESSES.

S. MOUTRIE & CO., LTD.

Hongkong, 26th March, 1818.

THE NEW.

ROYAL.

[20

WAR CHARITIES, SUBSCRIPTION LIST NO. 1.

Collected by Victoria Dispon sary:-Mr. J. H May, $10; Mr. A. G. Nobbs, 80; Mr. E. W. H. James, 85; Mr. Lewis Guy, 85; Mr. F. M. Stapleton, 85; Mr. J. R. Capell, 85; Mr. F. Rapp. 85; Capt. J, S. Low- lagioa,

82 W. H., $2.50; J.E., 83; Mr. W. II. Davies, $10.

Collected by Mr. F. M. Craw- ford:Mr. Frank Graham, 810; Mr. S. H. Dutton, $10; Mr. C. M. Castro, 4; Mr. A. Kum, Hussey, $10; $5; Capt. L Capt. GH, Alcock, 810. Collected by T. Carr Ramsey (Swatow):-Mr. G. D. Pitzi- pos. $15.50; Mr. G. H. Matcher. $10; Mr. Ted Yee Swee, 810; Mr. A, R. Pollock, $5; Mr. Tan Cheang Yong. 85; Mr. Geng Tak Mong, 86: Mr. Tan Boon Eck, 5; Members of Customs staff, $40.

Mr. J. McGregor (Foochow)....... Mr. D. E. Clark ......... Collected by Misy Square: ~-Dr. Forsyth, 15; Mr. Mauricio, 810; Mr. Martin. 85; Mr. F. Mackintosh, $5; T.A.L.. $5; A.J.S., $5.

Collected by J. J. MeKay (Kong- mo)-Mr. And Mr. Frank Smith, $5 Mr. R. MacKay, 85; Dr. J. A. McDonald, 81; Rev. D. McRae, $1: Miss Agnes 1. Dickson, 81; Miss Florence Longrel, 81, Miss Ethel Reid, $1; Dr. Jessie A. MacBean, 81; Master Jack McKay, 80.40,

KROEWOEK JAVA PLANTA-

TIONS, LTD.

THE ANNUAL MEETING.

The annual general meeting of the share holders in the Kroowoek Java Plantations, Ltd, was hold at the offices of the sacre tarice and general managers, Mears. J. A. Wattie & Co., Ltd.. Shanghai.

The Chairman, Mr. W. Davidson, said: | You will have learned from the report that the extensions to the planted area, to which 57.50 I referred when addressing

last year, Y9u. have been carațied out,

These extensions increase the orca, under heven to 1,655 acres, west of which is interplanted with robusta coffee, while the area devoted exclusively to robusta coffee now stands at 204 acres,

49.00

Of the 1,655 acres under beyen, 648 acros were in bearing at the end of the year and from this aron it has been necessary to remove a good many of the coffee bushes,

I need hardly tell you. I think, that coffes bushes, when interplanted with heven, become less productive as the shade from the heves increases, and that, in time, their 95.50 complete removal becomes necessary, as a 3.00 matter of policy. Such removal, however, 5.00 will be gradual, and we may expect to harvest crops from the interplanted aren for soine years to come, and, of course, From th, 201 acres' for many years,

The output of rubber, namely 66.788 lb., 46.00 26.788 the, more than the estimate-rather

a wide discrepancy, but on the right side.

The cost of production. I think, must be regarded as satisfactory, when it is remem bered that the average number of trees tappet increased from 9,000 to 39.000 within thin year.

This great increase in the amber si trees brought into the rounds is reflected. 16.40 of course, in the comparatively low. yield per aere, which averaged for the year only 271.40 133 lb.

3.03

For the current year I think we may ex- peek to see a décided increase in the yield per aere, and a corresponding reduction in the cost of production.

The output, for 1916, as you learned from the report, is estimated at 150.060 lb.

Your directors have sold forward about 20 tons of rubber at an average fob, price of 3/21 per 1.

HONGKONG VOLUNTEERS,

CORFU ORDALS BY LT-COLA, CHAPMAN, V-D-

ENGINEER COMPANY, 1.--" Belobers Reliefs "

and Stone cutters Reliefa" for April are posted on the notice-board_at" Headquarters for information of all concerned.

PARADES.

2.-Parudes for today.

INTIMATIONS

8% MILITARY LOAN, REDEMPTION OF BONDS DRAWN AT^

SECOND DRAWING.

NOTICE IS HEREBY GIVEN to th

Publio that at the Second Drawing for Repayment of the Eight Per Cent. 7.00 a.m. Members of Signalling SeeMilitary Loan Bonds held on February 20th, tion and other Signallers, as detailed 1918, $1,150,000 worth of Bonds have been in Signalling Section order dated drawn, which amount constitutes one-fifth 8th December, 1915-More.flag prae- of the Bonds recognised by this Ministry. ticons Headquarters,

Numbers of Drawn Bonds will soon be 5.10 p. Contre Section M. G. Co. published in the Government Gazette and (Kowloon residents only)-a Kow-other newspapers. Repayment of Bonds in loon Docks,

tera.

a F

Bonds

will

Singapore, Batavia and the Philippine Islands 6.15 p.m. Na 1 and 2 Sub-sections will be made by the Branch Offices of the Arty. Batty (19 detailed in Corps HONGKONG & Shanghai BANKING CORPORA- Order No. 1 dated 30th December-TiON at these places. In Cuba, repayments- 1915)-10 pdr. gan drill at Head will be made by the CitusGRWA quarters. Bergt. Bradley, R.G.A., in Yokohama by the CHINESE. CONSULATE will attend

GENERAL; in Kiangsi by the KIANGBI BANK: 5.15 p., Right Section M. G. Co-in Fukien by the BANK OF CHINA; in Peking

Inspection of

ammunition, by the BANK OF CHINA. Besides the above equipment and uniform at Headquaraces, Repayments of Drawn

generally be made by the BANK OF CHINA, Dress, etc.-Khaki drill jacket and Shanghai. Drawn Bonds when presented sports, great coat (rolled), pulties, must be accompanied by all remaining black boots cap, rifle, sidearms, coupons, as all such Bonds are not entitled. bandelier, belt, four pouches, a ball to any further interest after the payment of manguitini, haversack and water the Eighth Coupon. If all remaining coupons bottle.

(beginning with the ninth coupon) are not Every member of the Section, must presented together with the Drawn Bonds, attend.

then the total amount represented by these 5.15 p.. Centre Section M. G. Co-Coupons shall be deducted from the principal Hongkong residents)-M. G. drill at to be repaid. Drawn Bonds must be presented Headquarters.

for repayment within five years from the date 5.15 p. Left Section M. G. Co. of Second Drawing, after which period of five Machino Gun instruction at Head-years such Bonds shall become null and void.. quarters,

List of Numbers of 8 per cent, Military

5.15 N.C.Os of Scouts Co.-Bonds Drawn at the Second Drawing held

Special drill at Headquarters.

on February 20th, 1916:

6.15 p.m. Recruits of all units-Squad

drill and Rifle exercises at Head- quarters under. Sergts, Ramsay and Longmire

5.15 pm, Stretcher Bearer Section-In.

ruction a Headquarters,

SONDETALL

3. On duty until 31st inst.-H. K.V.R.

NUMBERS OF 81000 BONDS:-

# Less loss on exchange on Swalew

Currency

Б

8

72

75 .78 81

88

89

94

95 198 120

134

$ Members of tho Institution of Engineers and Shipbuilder...... Proceeds of anale of A Scout in Fairyland by Mrs. Grant Smith, $25; M.S.S. $5; "G.P.; Mr. Lou Tak Po, $5.

207.77

203.00

Mr. T. E. Pearce

M, T. E. Pearco

300.00 100.00

Messrs. J. D. Hutchison & Co... 1,000.00

The coffee harvent of 4.769 pieuls ex- 40.00 ceeded the estimate by no less than 1.500 picultor nearly 50 per cent, which accounts, of course, for the lower cost of production,

The

NOTICE UNITED SERVICES HOCKEY LEAGUE, Following members will represent the Corps in a match. The Navy at Happy Valley

12518

12845

Mr. F. Currie Hanson

100.00

Messrs Pentreath & Co.

Mr. Y. M. Yang .............

*GRUMPY."

"BETTY.

Mr. Chan Fei Yu

250.00 100.00 50.00

The current year's coffes erop is osti- mated at 4.000 piculs of robusta and 1931 piculs of other varieties,

13514 13538 · 13589 to-day-Le Cpl. Edmonds, Ptes, Sara, Hamilton, John son, Mitchell. Brayshay. North, Brand,

201 301 266 321 324 325 342 343 .370- 371 374 1375 400. 473 2004

3010 3603

3910 SPOR 2991 4044 4126 G. E. STEWART, Capt.

4152 4207 4233 4250 4263 4284 4314 4317 Adjutant, H.KVC

4322 4324 4326 20170 10500 11701 11705 11760 11788 11668 11804 11922 11048 12108 12101

12574 12602 12628 12764 12790 12871 19953 12979 38404 13485 13638 13684 13685

135

206

13698 13699,

..

Mr. W. M. Humplereys

OF

WHO STAYED AT HOME." THE TOWN."

Mr. V. F. V. Ribeiro

AND

11994

13385

13401 13632 13562 13756

10428

16034 18230

18385

THEATRE

MAURICE E. BANDMAN PRESENTS

BANDMAN OPERA &

COMEDY CO.

IN A REPERTOIRE OF THE LATEST LONDON WEST-END SUCCESSES

FOR A SHORT SEASON ONLY,

COMMENCING THURSDAY, MARCH 30TH, AT 9.15 P.M. SHARP.

March 30th and 31st: TO-NIGHT'S THE

April 1st:---

April 3rd:--

April 4th and 5th

"CINEMA STAB."

April 6th and 7th THE MAN

April 8th: THR WHIRL April 10th :-" POTASH

April 11th and 12th "THE

Hongkong, 28th March, 1916.

PERLMUTTÉL.” ONLY GIRL'

NIGHT."

[445

TO LET.

From 1st May, 1916.

or

UNFURNISHED, DURNISHED

CRAIGMIN EAST, 160, PEAX. Five Rooms, semi-detached, Moderate rent. Year or longer.

T. K. DEALY,

100, Pook.

[104

Apply- Hongkong, 27th March, 1916.

TO LET-FURNISHED.

A HACIENDA WEST, 73, THE TRAK,

for 5 or 6 months, from Middle May. Apply-

W. MURRAY SCOTT. (470 Hoogkong, 27th March, 1916.

TO LET AT THE PEAK.

From

TOUR-20ONED FURNISHED HOUSE, from 1st May, for six months, No. 67, MOUNT KELLET. Vory cheap to suitable tenant.

Apply-

M3881S. PERCY SMITH, SETH & FLEMING. Hongkong, 24th March, 1916.

TO LET.

TO LET.

splendid set of OFFICE ROOMS on the

First Floor of No. 10, Des Vooux Road Central (above the Robinson Piano Co.), comprising Throa Large and Two Small Rooms with Outhouses and Berrants' Quarters. The Premises are being thoroughly repaired and renovated. Centrally losated in the vicinity of the Banks and Shipping Officer. Rent moderate.

Apply to-

MOW FUNG & Co., 10, Des Voeux Road Central Hongkong, 18th February, 1918. [302

TO LET.

AVENSHILL FAST,

Park Bond,

Mr. C. A. Gardner, $1; Mr. W. H. Stapleton, $1; Mr. D. C. Baptista, $1; Mr. H. Barros, $1; Mr. G. P. da Cruz, 81, Mr. Loo Wah Pun, $5; Mr. Tsui Chan Po. $5; Mr. Kwan Yam Ting, Mr. Tsu Sui Bor, $1; Chu Yu, 82; Bhagat Singh (monthly subscription} 85; Ojagar Singh (monthly sub seription), 5; Mr. F. F. Bar- retto, 85; Mr. D, E, de Car- valho, 85; Mr. A. A Botelho. 82; Mr. J. da Costa, 81; Mr. Max A, Gones, 85; Mr. F. C. Laure, $; Mr. F. J. Tavares 82; Ojagar Singh (monthly subscription) $5; "Entente Cordiale ; Mr. J. McGregor 83, R.L.A. 85; R.D.S.. $5.7 Mr. Mowbray S, Northcote Mr. A. Ritchic................... Peak Tramways Co., Ltd. Humphreys Estate and Finanço

Co., Ltd.

Mr. Henry Humphreys

Mr. D. E. Clark

Mr. C. B. Buyer*

G. Rapp

Rontaining 6 Rooms, 2 Bath Rooms, Mr. Watson &

Servante Quarter, &a. Vacant 1st November.

Apply

DEACON, LOOKER, DEACON & HARSTON. Hongkong, 19th October, 1915.

452 OFFE

Not Floor

TO. 4, DES VŒUX ROAD. CENTRAL,

No. 5, ROBINSON ROAD, "STONE BENGE," DWELLING HOUSES contain ing Five Rooms and Onthouses.

Apply to

L

DAVID SASSOON & Co., LTD. Hongkong, 15th March, 1916.

No

TO LET.

[90

TO LET.

FFICES at 2, Connaught Rond.

OFFICES in King's Buildings. OFFICES in Des Voeux Road Central. HOUSES in CLIFTON SARDENS Conduit Road.

NEW HOUSES in Broadwood, Terrace. HOUSES at the Peak.

No 1, MOBETON TERRACE, Causeway Bay.

"GODOWNS, st Wanobri.

Nos. 1, 2 and 2, WEST END TERRACE CANTON,

[415

Apply

[0. 1, TOGO TERRACE, Kennedy Bosi.

LI FUK TSAU,

Apply

Care of Messrs. WILKINSON & GRIST,

V, Queen's Road Contral

[355 Hongkong, let March, 1916.

TO LET.

NTERRACE

alto,

▼EWLY-BUILT FLATS, in SALFEE

Nathan Road. BIMILAR FLATS in Jordan Road, Kowloon Rents very moderate.

Electrio Light and Gas installed.

Apply to

KAYAMALLY & Co., 5, D'Aguilar Streat

(356 Hongkong, 1st March, 1916.

OFFICES,

TO LET.

Daddoll Street, now in

THE HONGKONG LAND INVES]

MENT & AGENCY Co., LTD. Hongkong, 4th November 1915,

TO LET.

32

TWO ROOMED-FLATS in Nathan Hond,

TWO

Kowloon,

THREE-BOOMED FLATS in Humphrey's Buildings, Kowloon,

Co., Ltd. (monthly subscrip tions)

Messrs, A. 6. Watson Co., Letál ......... Mr. J. P. Scott (Haiphong) Mr, V. Uldall

Canton Nanyang Brothers To-

bacco Co

Mr. G. D. Pitzipios (monthly

subscription)

Mr. M. A, Figueiredo

Mr. Jas Tappis Mr. J. A. Young Mr. A. A. Cordiro

Mr. E. G. Remedios

| Mr. F.-M. Gutierrez

Mr. L. E. Gutterres

Mr. F. W. Sutterle Mr. S. Jex...

Cable Derby Surplus- Staff-Messrs. A. S, Watson & Co., Ltd. (monthly subscrip- tious)

Anonymous

Hongkong Jockey Club

Mr. Pemberton

MrA E. Crapnell

Mr. W. S. Brown

Mr. Philip R. Wolff Mr. T. W. Robertson Mr. R Packham Mr. J. Hooper

St. Patr's Day.... Mesars, Moxon & Taylor Hongkong Stock Exchange

FOUR BOOMED FLATS in May Road, with every modern convenience, including English Batha nad Kitchen Banges, H Water and Wafor Carriage System. A few Leas discount on sub-coin Flats specially designed to accommodate thres Immediate bachelors ei ressonable rentals. possession.

FOUR BOOMED HOUSES In Gordon Terraco and Salisbury Avenue, Kowloon.

Apply to

HUMPHREYS ESTATE & FINANCI

Co., LTD Alexandra Building

occupation of Meerry. Radecker & Co. Hoogknee. Rath December, 1915 APPE HONGKONG LAND INVEST-

MENT & AGENCY Co., Lay, Hongkong, 17th February, 1918.

TO LET.

[205

NO.11, GAGE STREET, immediate possce-

Apply to-

J. VINCENT BRAGA, Toyo Kisan Kaisda, Hongkong, 18th November, 1915. 2100.

TO LET.

HOUSE

Kowloon

ic Kantsford

Monthly subscriptions

Total

10.00

Of this year's robusta harvest 15, 20.00 piculs have been sold forward at an ave rage price of Frs, 40 per pien! unsorted. Of the 17,320 kilos shown in the accounts for 1014 g tusold, we have sucereded in welling only 7.950 kE, The balance, to- gether with some 10.700 kilos produced in 1915, or in all 26,350 kilos, reunín unsohl,

75.00

I will now deal with the accounts, and with those of the Dutch company first,

Working account, as you will have seen. shows a profit of Frs. 152.623.69, and 1 wish to call your attention to the fact that this result has been obtained after 'debiting it with the whole of general expenditure as against 50 per cent for 1914.

You have learned that the nominal capital of the Dutch company has been in. credsel from Frs, 600,000 to Frs, 500.00 Your directors have now authorised the. issue to Kroework Java Plantations, Limited, of 150 new shores, which will absorb Ers. 150,000 of this increase.

to the accounts of the Turing now 25.00 Shanghai company, I must first call your attention to a slight error in the balance 100.00 sheet. The issued capital in shown as

255.000 at T, 8.70. whereas this rate 100.00

should have been 8.00. making the Lael 50.00

equivalent 473.000, the figure shown in thei 25.00

accorat

500.00

10.00 15.00

Ball Smythe Edmonds, and Erans NUMBERS OF $100 BONDS- Bully-off 4.45 sharp. Colours Khaki.

HONGKONG POLICE RESERVE.

ROUTE MARCH.

This parade, ordered for Friday, March 31st, is postponed to Friday, April 7th,

MAXIM GUNNERS.

Wil parade at Central at 6.30 p.m. on Wednesday and Friday, March 29th and 31st.

NO 2. COMPANY.

At the meeting of representatives of No. 2 Company on Wednesday, March 29th, six men from each Section (not each Platoon) will tend.

ROLL MODIS.

In Part C, paragraph 6, of the Organisa. tion Notification of March 24th, add: -D. for Op Police Duty,

LEAVE REGULATIONS.

The words "Platoon Commander" must in future be read "Section Commander."

PROMOTIONS, REVERSIONS, ETC.

The Hon. C.S.P. has samet oned the fo low.

ing promotions, etc. Crown Sergeant Silva reverta to P. c. on going to reside in New Territories, Bergeant Pun Yun Fong to be Crown Ser-

geant.

P.-a Wong Cho Ting to be, Sergeant Po Wong Taz Leung to be Sergeant. P.-c. Chin Chin Po to be Sergenut, and

Equipment Officer.

Dealing now with the new issue of shares. I understand that this increase of capital and the way the shares were issued have 74.00 given rise to some comment. Now, gently-D.S.P. Orderly Wong Shau Nin to be 230.00 ment, what are the facts concerning this ་ ན Sergeant.

25.00 transactiont At the last annual meeting. Bondsman J. D. Csmund to be Sorgeant. 100.00 when addressing you, I said:

די

JOINED

Now that the young herca trees are No. 2 Company-G. M. Santos,

F. C. JENKIN 500.00 coping into hearing. The profit to be derived from this source when added to

D.S.P. (R.).. 15.50 that obtained from the other cultures, wil. 10.00 it is hoped, soon be sufficient to put the 10.00 company on a dividend-paying basis again, 100.00 If not, then your directors will take into 50.00 consideration the advisability of increasing 10.00 the capital by the issue of new shares or 10.00 otherwise, since they feel that it is onl 10.00 just that some return should be made to 10.00 the present shareholders. and unfair that

FAR EASTERN MEN AND THE WAR.

Col. Hubback of the F.M.S., hua ben promoted to the rank of Brigadier General.

Mr. Lionel E, Kock. of Malacca. Eubber

03 124 1393 1444 1478 1E27 1544 1553

1693 1605

1759 1789 1070 2006 2123 2163 2247 2277 2309 2339 6562 Babs 6997 7027 7069 7080 7632 7682

6535 8531 9001 9209, 11139 11351 11459 11672 12100 12315 12421 13004 13170

13786 1828018292....... 18322, 10182 19288 18506 18568 18638 20145 20251 21643 21749 21857 21963 22492 22605 22820 22926 23248 23354 31854, 31960 39059 39185 3938030593 39701 89807.

10023

12331

13124

14039

13381

NUMBERS OF 810 BONDS:- 1233 1992 8833

9973 9$92 10744 11843 11004 12020

12074 -12301...... 12314

13184 13368 13428 1490 14099 15441 18501

10500 12147 15041 -13001 13550

15015. 14893 14053

18075.

IR732

19164

19174

19256

19307 19401, 19493

19501 19504

62064

51685 50105 55484

47885 48261 40025' 40404' 12825 53204 54345 51724 68525 .58904 03845 64224 64605 64984 68885 67264 68025 68104 69545 68924 447205 A47211 A47801 147847 450434 A50475 450801 A50617 A50677 A30700 5120) A51235 451454 A51571 A52031, A52080 32409 402880· A03263 163044 101409 05172 A85555 A65936 NUMBERS OF 36 BONDS:- 1520 2581 10226 16500 83101 03140 65409 66309 64638 67893 69478 70005 71062 71599 74768 75266 76342 78869 78454 78961 70510 80037 · 84282 84780 99237 05876 06405 91654 82181 92710 97462 97029 99574 100101 109018 110147 161270 181799 102860 163919 164430 164979 220161 286191 220901 226929 240239 249298 249320 249388 249479 249508-249569 249598 249779 249808 240860 216998 240069 -250012 950049 250076 250319 250348. 250738 950766 250729 250828 250979 251008 251068 251095 251189 251218 251747 251774 251803 · 23183C 251887 261942 251971 251998.

1437

100.00 you should be asked to put it your proht Plantatious intends offering hig services to ASAHI

179.00 back into development."

This promise was made to you on March 15th, 1015. and not one word of comment. 69.00 adverse or otherwise, ever reached your 205.30 directors. 38,000.00

In July last, owing no doubt to a Night 60.00 increase in the price of rubber, which was 25.00 of temporary nature, share values 50.06 appreciated. and your directors took advan 10.00 tage of this opportunity to make good the 40.00 promise they had made to you four months 30.00 previously.

10.00

the Army Service Corps,

COMPANY REPORT.

GREEN ISLAND CEMENT CO.,

LIMITED.

Subject to audit, the Directors of the Green Island Cement Co., Ltd., will, at the forthcoming meeting of shareholders to The is not the first time that the Com- be held on 10th April, 1916, recommend has disposed of part of its unissued the following allocation of profits:-To 40.00 pany 100.00 capital on the open market. 1 should ike write off Deep Water Bay buildings and to remind you of the sale of 1,000 shares machinery, $20,000; to write off Steamer, which took place in June 1913 at Ts. 12 Launches and Lighters $10,000; to pay a per share,

A long period of depression dividend of 60 cents per share, $240,000; followed and transactions in the shares of to pay a bonus to Staff, $8,201.64; to carry this company were subsequently recorded at forward, $111,338.16.. Tis 5. per share, or even lower.

1,000,00

$ 41.448.57 .28

$ 41.448.29 4.812.97

$46,260.27

The following amounts have been spe- cially earmarked :- For the Red Crosg.

$100.00

(277

For the Officers' Wives and Families

Fand

GODOWNS FOR SALE

For the Pipe Fund

223.30 40.00

N TOS. 128 and 127, WANCHAI ROAD.

Apply to

SHEWAN, TOMES & Co.,

Liquidators, REUTER, BROOKELMANN & Co. Hongkong, 18th March, 1016.

ter

FOR SALE. Terrace Road.

DICHMOND HOUSE, No. 145, Barker Also, DUNOITAR,” No. 8i, Aberdeen Road. HASTINGS & HASTINGS, Solicitors. Hongkong, 3ni March, 1916. * [371

THE HONGKONG LAND INVEST- MENT & AKNCY CO, LTD. Hongkong, 24th Oơʻo er, 1915,

Hongkong, 27th March 1916. N. J. STABB,

Gentlemen, nothing was said about the

salo I have just referred to, nor is it likely sun than £70,000, which means that there that nothing would hayo been said about has been put back into development, ent the sale of the 4.000 shares last year, had pf profits, £15,000. I think we have done" the market depreciated, but because it imnough for posterity and that your proved, your directors are said not to have directors were quite justified, after pro show suficient foresight and not to have protected your interests.

It is a very simple and easy matter to be wise after the event, but I feel sure that if you will stop to consider the pro- mise your directors had given you and are Hon, Treasurer, War Charities Fund, to remember the conditions which ex- isted here last July, you cannot fail to recognize that your directors then believed CAPTURE OF GERMAN TRADE,

that they were acting in your best inter Mr. A. E. Woodgate, barrister apply.sts in taking the slope they did. ing to Mr. Horace Smith at Westminster, to sign a green form on behalf of a gentle man desirous of returning to Bannos Ayres where he represented British firms stated that German trade was now on the point of extinction in South America, and the present was our opportunity to try and capture it. The United States was making. a bid for it. The magistrate, after being satisfied rs to the ideatification of the ap plicant, signed the form,

viding for depreciation, is recommending the distribution of last year's profit to existing shareholders,

You have now a planted area of 1,859 acres, over half of which will be in boaring before the end of the current year for a capital of £55.000, which works out at under £30 per acre.

As far as it is possible to foresee, it should not be necessary to issue the remain ing 15,000 shares, but should it eventually I become necessary, or desirable to do so, should like to say that there are no condi- tons attaching to their issue and that they will, in the first place, be offered to the

It has also been suggested, I believe, thas there was no need to sue the shares Gentlemen, as I have had occasion quite recently to remark, there are two ways of looking at this question, and it is just as shareholders,

cesary for your directors to give con- The report and statement of accounts were passed and it was resolved that a sideration to these metabers who want a dividend as to those who are financially dividend at the rate of Tls, 1.60 per share able to do without one. If you will examine be paid, that the directors' fees be fixed the accounts carefully, you will find that at Ts. 2,000 per annum, and that Mr. W. there has been spent on expital aessant. 8, Ingkaan be re-elected a director of the exclusive of sundry stocks, etc. to less a Compary,

DAI NIPPON BREWERY

BEER

TOKIO

JA AN

OBTAINABLE EVERYWHERK

SOLE AGENTS

MITSU BUSSAN KAISHA,

WONGRONO,