1916-05-04 — Page 2

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INTIMATIONS

VICTROLA

THE INSTRUMENT FOR

EVERY HOME.

PRICES

Vikhroli MTV, A

Jebeca XVI

THE HONGKONG DAILY PRESS THURSDAY, MAY ira, 1916.

COMPANY MEETING:

CANTON INSURANCE OFFICE LTD

The 35 ordinary meeting of the above Colapany was held as the offices of the Company, Peddor Street, but

1000 yea terday, the Hon Mr. D. Landals (Chair- nan) presiding. There were also pre-

I now propose — Ny

That the report and accounts as pro seated, including the payment of a fins. dividend in respect of the year 1014 of $7 per share, and an interim dividend in respect of the year 1916 of $18 por share; the addition of £1,000 to the sterling reserve fund of 8100,000 to the underwriting suspense account; and of 3993,919.20 to the reinsurance fand, bet. adopted and possed,

CAPTURING ENEMY TRADE. RUSSIAN OVERTURES TO INDIA

AND CEYLON,

JAPANESE COTTON SPINNING INDUSTRY:

PREPARING TO COMPETE IN

WORLD'S MARKETS:

The general trend of the situation in cotton trade, says the Japan Mail, has on-

Siu Nam, A. E. Areuli, Chan San, Ho pleasant to receive a larger dividend, burices of their commodities; and, anaunched in the line, A

Leung, Hu Shai La Man Kam, Ho In, and the Secretary (Mr. L. N. Lefe),

The notice convesing the meeting was reau, after which

Russian merchants are endeavouring to eliminate the Corman middleman in their dealings with India and Ceylon, and are taking steps to encourage direct trading. A proof of the feeling prevalent in Rus- sia on this subject is afforded by a com Mr. DV STEAVENSON, in sconding munication from Musodw which has beenabled the cotton spinners to pursue their The Hon. Sir C. P. Chater,

idries with apel pleasure to second transmitted to the Bengal Chamber of Com extension plans with more confidence, and C.M.G. Sir Robert Ho, Tung the Hon,

marco by the officating Diretor-General of Mr. E. Shellin, Messrs, F Maitland, the rewolution which you have just heard Commercial Lubelligence. The merchants of in the ease of the more irresoluto, to help and accounts show Moscow intend to open dirse commercial establing their plans for extension de P. While, and C 8. Gubbay (Consulting proposed. The report and acco

work well done, and shareholders, I feel relationship with exporters in India, ell-finitely Committes), Meat D. V. Stevenson, CL

moting the German middlemen who batten.

Some actions of capitalists also have K. Haxton, CW Berwick, AC Davifre, must be more than satisfied when theyd on the trade before the war. With this son, J. T Douglas, Ho Fook. Ho Kom consider the Ugures with which the Chair object an organization of Russian mer been lured out by the good expansion wit Tong, Le Cheung Shiu. Ho Kwong, Chiu man bas just dealt. It is always, of course chants-nd manufacturer's invites Indian nessed in the export trade to try their hand exporters · lo send samples, terms, and at this department of industry, and thers Fare a goodly number of new schemes being specially is this the case when we foolture, offers to furnish all possible informa.

A drawback in this state of new anima that the power to pay it is so well within tion from Moscow

A few months ago, the Russian Vice-Con- tion in the line is an apparent tendency the resources of the Company, as is the sulate in Colombo recived a letter from to excede from China where once the spin- case here. The war gives rise to problemish Chambers of Export in Petrograd nek-mers tried to establish mills with the double The ORALEMAN id-The report and which none can foresee, and the carefullyng the Indian and Ceylon merchants to object of escaping heavy taxes at the ports communicate with the Chamber dircot, and and of employing cheap China cotton accounts have been in your hands for some reasoned calculations of today ay be M. Denisoff, the President of the Chamber gathered from producers direct, though the days and I will therefore, with your per upset to-morrow by eircumstanoce wholly passed through Combo efter visiting Mitsui Company and the Naigai Cotton mission, take them a read. The figures beyond bunda power to discern. I these India en roule for Australia in the course Company rensin at Shanghai and Tsingtao of a tour round the world to collect in respectively tenaciously adhering to thoir original plans Some of the Japanese disclosed show, I am glad to say, a very conditiong we can have nothing but apformation about the establishment of direct sucessful result, the best, in fact, that Iproval of the policy to build up the Conrade between Russia and the British Euspinning companies which have mills along the Yangtze river have already sold their think the office has ever presented. You pany's various funds so that the future Mr. B. P. Kadontzeft, said the trade plants to Chinese business meu, who are will recollect a year ago when we met I

eager to set ug in business on their own pointed out that if the year 1914 resulted

account. Apparently they have been audr disappointed with the confused taxation in the favourable out curt which the figures

system of China, which provides for the at that date promised, shareholders woukl

assessment of taxes twice thrice at prê find little to complain of when the time

incial borders and practically offset the advantage of having their mills in China. cavie for denling with the closed year. This forecast finds its fulfilment in su increase Fo Jixe, July, Argtit.

in the dividend of $3 per share, making the PEAK FULLY distribution in respect of the yeny 1014 895 | T NFURNISHED FOUR ROOMS, per share, which is the highes; dividend Electric Light, Hot and Cold Water laid on.

that we have over puid, and will, I am For particulare apply tome da

No. 12,

sure, be as gratifying in shareholders as it Care of Daily Pross" Office,

is to the General Agents and Consulting [560

AND STYLES TO SUIT ALL.

EXCLUSIVE AGENTS :

MOUTRIE'S.

HOUSES TO LET

TO LET

FFICES on 1st Floor, No. 3, Queen's Road

Offrent in the occupation of

The China Fire Insurance Co. Ltd.

Apply to

CHINA FIRE INSURANCE Co, LTD

(622

NURNISHED HOUSE, Sores Living

TO LET.

Rooms, ato,, with Gardea, Apply

SECRETARY. CHURCH MISSION ART SOCIETY, 90, Bonham Road.

TO LET

A Tennis Court.

[643

HOUSE in Observatory Villas with

Apply in

ARLATOON V. APCAR & Co.

14, Des Voeur Road,

[819

TO LET FURNISHE

HACIENDA WEST, 73, THE PEAR,

Lotuale May to the end of August.

Apply

W. MURRAY SCOTT. [608

TO LET

FLOOR QUEEN'S

BUILDINGS. Reasonable roat

Apply to--

THE UNION TRADING CO

b, Queen's Buildings.

TO LET.

FFICES La Princes Building.

Apply to

TO LET.

TO LET.

294

OFFICES, 3. Daddel Street.

AFHE HONGKONG LAND INVEST.

Apply

MENT & AGENCY Co, Lab.

First Floor.

TO LET

[295

it

Committee in being able to recommend it..

Out of the balance of the surplus, 48. shown in the Rspart, we are bringing the Sterling Reserve and up to the round sum of £180.000 by the appropriation of

£3,000; to the Reinsurance Fund we pro-

pose to add $293#19.00, which will bring that Fund up to just ore- 2900,000; and wo think it a prudent taeasure to make a larger appropriation than usual to underwriting

NO. 4, DES VEUX ROAD CENTRAL, suspense acconta, so that that liquid account may stand at a figure of unusual strength, and we therefore take a transfer to this fond of $400,000, the year then being finally cloved

THE COMMODIOUS DWELLING HOUSE WIL Ofoes, Servants' Quarters, e.o, No. 14, SHAMLIN, CANTOR, from tab June, at present in the occupation of the Imperial Ressian Corralate.

** FAIRVIEW, No 1, Robinson · Road. Comprising 9 ROOMS, Ample Servants Quarters, and Gardens.

Apply toma

DAVID SASSOON & Co., L. (410

TO LET

A

HOUSE

Knitsfort

Kowloon

AFTHE HONGKONG LAND INVEST

MENT & AGENCY Co., LTD.

I

can be faced with equanimity I should like to add my tribute of praise to the energies of the General Agents, Consulting Comittee, Agents, Secretary and staff for what they have accomplished in our interests (Applause.)

pire, S

between India and Ceylon on this side, and Russia, on the other was in times gone by conducted chiefly through Corinas frux, who acted on middlemon, For instance, Ruslin sported about 10,000 tons of rubber annually, and of this large quantity only about 300,000 lbs. were imported directly from Ceylon. There were no questions, and the report undoubtedly purchased more rubber from and accounts were unanimously adopted. Ceylon, but that came through German

The Consulting Committee (Hon. Sir middlemen chiefly from Hamburg.

Pruj Chater. Sir Robert Ho Trng. Hon. Mr. E. Shellin, Mrs. D. W. Craddock, . P. White, F. Maitland, and C, S. Cubbay) were re-elected, on the motion of

DOUGLAS. Mr. C, W. BESWICK, seconded by Mr. J.

On the

motion of Mr. HAXTON sconded by Mr. Lu CHEUNG SHIU, the Auditors Moser». A. E. Low and H Perry Smith)

were re-appointed for the ensuing financial

year, at a remuneration of $500 each per

annum

The CHAIRMAN That concludes the busi mess of this meeting I thank you for your attendance, Dividend warrants will be ready marrow morning, and may be obtained on application

EXTRAORDINARY GENERAL

MEETINGS

It will be noticed on turning to the figures for 1913 that the premium income

An extraordinary general meeting follow shows a large increase as compared, with, the Hon. Mr. D. Landale presiding. that of the preceding year and this, of course, is largely attributable to war risk

Russia

According to the results of investigation by a highly reliable institution, 660,000 spandkes are to be added by the domestic mills to the plants they run, in addition Russia imported about 80,90 sons yearly mills by the newly-established companies. Mr Kadontzeff next mentioned copra, to 80,000 spindles to be installed at their from Ceylon and Singapore About half Looms are also to be installed additionally that quantity went direct, the remainder by the spinning companies in view of the was bought by Russin from Hamburg. "It rapid extension of the market overseas, will be seen, anid Mr. Kadomtzell that the estimate for the additional looms rench Germany was not buying so much copra ing 1,781,

Ceylon for her own consumption, but Nearly all of those extension plans have for Russia as well. In this connection it bien drawn on the strength of the recent. is interesting to note that Ceylon, during increase in the demand for intermediate the period January 1st, to February 7th of or finer counts, and therefore the spindles the present year exported 7,000 cwt. of added are nearly all installed for the pro-

ing period of last year, the exports were Mr. Kadomjzelf next mentioned that Russia imported about 1,000 tons of cocos Ceylon exported norek Russin the whole quantity being obtained through German bikely to be delayed to some extent but channels in Hamburg and Bremen. With the end of the present year some of regard to jute it was the some all Bus them at least can be completely installed in requirements were secured from Ham and put into operation. Even the inoet burg and Bremen The figures, recent orders placed will be due here în Kadonitzeff concluded, “abrald conclusives ly prove to India and Ceylon merchants that trade with Russia can be greatly creased if the Colombo merchants will make arrangements to deal direct with Russia. '

copra to Russia. During the correspond-duction of those qualities

ni

THE BRITISH BAN ON LUXURIES. REPRESENTATION BY YOKOHAMA EXPORTERS ASSOCIATION.

The Tokohan Exporters Association has laid before the Ministers of Foreign Affairs and of Agriculture and Commerce a representation against the vote placed by Great Britain on the importation of luxuries. The gist of the represents- tions reads as follows:--

The CHAIRMAN id-The reason for this extraordinary general meeting being held has been explained in the notice which has The result of our participation in this been sent to every shareholder. It is thought Anzardous and mixious case of business by your Consulting Committee and the has, I am glad to say proved favourable General Agents that the time has arrived and it is gratifying to the management to when the Office should now acquiro such feel that this Office, so far as lay within it further power, as are possessed by nearly power, bas assisted in carrying on the overall its competitors. I do not think that I seas trade of the Empire in this time of need elaborate this point. It is obviously unexampled problems and difficulties. ra disadvantage not to be able to track, From 1st May,

am glad to say that the hope I expressed at thought desirable, so wide a class of FFICES, 2nd Floor, St. George's Balld- our Inst annual meeting that the time was business as is embraced by other enterprises

Ings.

shortly coming when British commercial shuilar to our own, and it is therefore our Apply to→→

intention to apply to the Courts for an enterprises of every description would join together in declining to have trade resalteration in the Memorandum of the Convery insignificant to the British authorities, pany which will achieve our object I heavy blow to Japan's trade. America,

[674

OFFI

SHEWAN, TOMES & Co., Liquidators, REUTER, BROCKELMANN & Co.

TO LIT.

[872

Park Road. RAVENSHILL EAST,

containing 6 Rooms, 3 Bath Rooms, Borvania' Quarkers, de Vanast 1st November.

Apply

DEACON, LOOKER, DEACON & HARSTON.

UBNISHED,

TO LET.

(90

FOUR BOOMED.

HOUSE, on Mount Parish, Wanchai,

for six months Electric Light and Telephone

· installed.

Apply

D. V. STEAVENSON,

TO LET.

[37

SHEWAN, "TOMES & Co.

FOR SALE

་་.

(518

tions, so long as the way insted, with the German people has now become a seco plished fact, and the lead which we took

RICHMOND HOUSE, No. 156, Barker at that time in cutting adrift our German

"DUNOTTAR," No. 81, Aberdeen Road.

HASTINGS & HASTINGS, Solicitors,

$71:

BEER!

SAHLBEERK

[49%

Care of DRACON, LOOKER, DEACON & HARSTON,

TO LIN.

TWO ROOMED FLAT Nakhan Road

THREE BOOMED FLATS in Humphrey's Balklinge, Kowloom.

FOUR-ROOMED FLATZ in May Hond every modern convenienes, Including English Baths And Kitchen Fang, Hot Water and Water Carriage Bysisin å for Flats specially designed to scoccomodate fires bachslom at reasonable renimis. Immediate TOUR BOOMED HOUSES in Gordon Terrace and Balisbury Avane, Kowloon,

Apply to

HUMPHREYS ESTATE & FINANOS

CO. LAD Alexandra Buildings

TO LET.

FFICES at 2, Connaught Hond.

OFFICES in King'o Buildings,

1277

LAGER BEER

COMPANY

SWER

SAPPORO

ASALTI

HOUSE CLIFTON GARDENS, OBTAINABLE EVERYWHERE

Conduit Road.

No. 1, HILLSIDE,” THE PEAT.

GODOWNS, ul. Wanchai.

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

appl

BOLE AGENTS A HITSI BUSSAN, KAISHA.

HONGKONG.

with so successful a result:

The total value of Britain's imports is roughly est mated at 16,000,000,000, of which Japanese goods valued at some Y.16,900,000 are expected to be banned under the new veto. This figures ung scom but nevertheless it is destined to deal a

Trance and Japan are the largest exporters to Great Entain In 1915 America tod That the provisions of the Comes on the let, France be ag next, and pany's femorandum of Assosia,

now propose

(1.)

tion with respect to its objects be Japan third. The velo recently red altered so as to read as in the effects Japanese goods more than the Ameri. can, and French goods, Traders are the Print signed by the Chairman of direct st fferers from the veto, but the effert *' this meeting for the purposes of j "identification.”

i will be gradually felt by manufacturers, There is nothing blumable in the action of 8 FADL CHATER seconded, and it was British traders refuung imported goods as agreed to

matter of self-delence in view of the ravaging destruction of the present ho tites, but its very desirable from a tradet point that the Government should take care to confine the van to the proper fast had take into due onsidera- tion the mutual interests of those affected.

At present the import of the equipments ordered from abroad is not going on a smoothly as was anticipated, and the instal- lation of the additions spindles and looms

the course of next year at the latent. Thus At the end of next your the production of cotton tissues, yarns, and other goods ins Japan wit see an enormous adynnes. -

Then the tour number of spindles worked to the fulle t producing capacity will come

1 to 3.450,000 spindies against 9,870,000" spindles run at present, while the Looms actually in operation will be brought up to 32,000 against 10,070 as at present, The total production also will then reach 150,000 bales a month against 165.500 bales at present, thus making Japan one of the principal cotton goods suppliers of the world

HONGKONG VOLUNTEERS,

CORPS ORDERS BY LF-COLA CHAPMAN, V-D;

LEAVE- 1Lieut A, B Raworth is granted leave of absence from the Colony freza 9th instant to 9th October, 10167 PARADES. 2-Parades for Thursday, 4th inst

5.30 p.m.--Scouts Co. No 4 Bection- ⠀⠀⠀ Squad drill at Headquarters. Re-

cruits of all units (except Right Sec- tion M.G. Co)-qund Dr Il-and Rifle axeroisor of Headquarters under Sergt.-Major Higby:

5.45 p.m.--Signalling Section: “A

Cass, parade at Headquarters for Command Signalling prection...... The Artillery Battery will parade for standing gun drill at Gun Club Hilf on Friday,

5th inst, at 5.30 p.m.

3-On duty to-night-Civil Bervos Co.

Next or duty-HEVR Orderly Officer until 5th inst.-Lieut.

Rees

A. F. URUBCHILL, Capt.,

Adjutant, H.K.7.0.

HONGKONG POLICE RESERVE.

PARADES

Thursday, May 4th Sections 7 and 8 at Friday, May 5th Parade of all raaks in- JSection 3 and 4 at C., 6.45 pm

cluding Patrolmen (but excluding Sec- tions 13 and 14, Recruits and Harbour Patrols at Queen's Statue Chater Road, at 6.45 pm, White Uniforms but with hemos

conpections, whether in the form of agencies az constituents, is now required by law.

I wïl not venture upon a forecast" of when the war is to be concluded, though we all cherish the hope that that may take place before we next meet. Its existence The CHAIRMAN As stated at the of course has greatly added to the respon- general meeting, which has just been con sibility of managemem of a company much cluded, the Consulting Committee has been as this, and I take this opportunity of re increased to eight, and in view of this the cording the appreciation of your Consultprent Article dealing with their remu- The most urgent question which we re ing Committee of the work of those connectoration requires amendment, It is therecommend to your immediate attention is to ed with the Office which has been crowned for proposed that the remuneration shall, devise some proper melnods to relieve the exporters concerned, who will suffer erious in future, be such figure as may be deter-los on account of the fact that the very mined at a general meeting, and when a transactions that and actually concluded between the Japanese and British mer confirmatory general meeting has passed this chants are rendered null and void by the resolution further resolution will be reto in question. We note that the Briti proposed fixing the remuneration of the Government has made exceptions in behalf Consulting Committee at $8,000 per annum of those goods which had been sb pped or er before March 24th and those for which payment had been effected before the above date, but these few exceptions are scarcely sufficient to relevo the situation. The merchants who have long toch engaged? in Anglo-Japanese trade and been mutual ly trusted, have been in the habit of plac ing or undertaking orders by means of a The Members of the single telegram. In fact, without such Comittee shall be paid out of mutual confidence the development of buși- the funds of the Company such reas would be out of the question The Attend in Uniform as Central Station at renuberation as may be or above-mentioned exceptions provided by the 5:30 pm on Thursday, May 4th have been determined at any British Government, therefore, have cet time by any General Meeting this commercial usage at naught, and the

the Company until such ro veto inflints serious loss on traders concern. Monday, May 8th and Thursday - May muneration is altered by any ed, by rond ring null and vaid the correct 11th, at 6.30 pm, sharp

General Meeting entered into in the past Moreover owing Company Buch to the shortage of shipping since the out Pc H33 Fur Chi Lun is summarily dis-

be divisible break of the war a large quantity of gods amongst the members of the Bre lying in warehouses Awaiting shipment, Committee in such proportion, despite the fact that their dest nation is

the Committee or a majority fired, and in case the goods are refused The thereof shall determine

admision emply because they were not shipped on or before the spec bed date in not paid for at that time serious loss will be caused to the owners. We sincerely de.. tire you to epproach the British Govern ment with a view 40 seking the withdrawal

Our investments all appear in the balance-shoot at the market rate ruling on the 31st December, 1915, and eny Joss which may have taken place since their original purchase hus bewg written off. Our gold investments, you will

Be are consid erably larger than a year ngʊ. Bince the cosing of the account the Oince hay pur chased another £50,000 of War Bonds issued by the British Government – or- the Colonies, and we now have invested in that way some £140,000, and, as opportunity offers, we propote adding to that so that Comasitee, the Offce can în tug way also do its part in the great strugg.c. 1ou will see that

your Consulting

lung Committee has been ang-

mented by the addition of the name of Bir Robert Ho Tung, whose election you will have an opportunity of confirming – very shortly

I do not think there is any other matter arising out of the figures which cally for special cominent by me, but after the resolu tion which I am now about to propose has beca secondet I shall be glad to answer

THE HUNGKONG LAND INVEST ICE HOUSE STREET. TEL. 230-155. any question arising out of it which share

wish to

MENT, & AGENCY Co, Lt.

32.

$109.

holders may

'put.

I now propose

(2) That the Articles of Association "of the Company be altered in

manner following That the following Article shall be substituted for Article 95, "namely ---

Remunera

tion of

toi

Mr. Ho Fook seconded, and it was agreed

The CHAIRMAN announced that a con- fritory costing would be held on Friday, 19th May, at noon.

of the veto.

SG 188UE OF RIFLEN.

Section 11 and 12 will attend in wafti at

the Armoury at 6.30 pm on Thursday, May 4th, for the reissue of rifles MAXIM GUNNERS,

ORCHESTEN PRACTICE,

-DISMISSAL

missed from the Fore

DAVE PROMOTION.

Hon. C.8.P, hasanctioned the promo tion of Crown Sergeant A II Hewitt, to the rank of Inspector. This officer will take charge of the Rezerva Woer Police and Emergency Call Arrange-

F. 0, JENKIN

D.B.P. (B.)

« mens.