1918-11-02 — Page 3

The CHAIRMAN-You have six montha' exemption. Mr. Trenchard Davis asks that during this period you may be allowed to 'proved to Canten, and other places, në the need arises; to inspect risks, ste' Speaking for myself. I think that is a matter för - the Government and the Military Authorities.

Major MORGAN-He will have to get leave from the Defence Corps or from the Colonial Secretary: Mr. Gibbins got per- mission to go to Shanghai until a certain diate I presume the same procedure would be followed in the case of Mr Dumbarton.

coure down.

present tingency..

THE - HONGKUNG "DAILY PRESS; SATURDAY, NOVEMBER 2

COMPANY MEETING INDO-CHINA S.N. COMPANY.

ADJOURNED ANNUAL GENERAL

MEETING.

The adjourned thirty-seventh ordinary general meeting of the Indo-Chias S. N. Company was held at the offices of the general Matheson & Co., Ltd., yesterday.

managers, Mesars. Jardine,

Hongkong and Whampoa Dock Company on satisfactory terms and they have given complete satisfaction; being modern and up to date ships they should prove valuable addition to the fleet.

od

I think, gentlemen, I have now touched upon the more important events, which have occurred during the year under review and I have pleasure in proposing the following resolution:-

That the report and statement of accounts as presented, including the payment of a final dividend of three shillings (3/-) on the preferred and

10 on the deferred shares, be adopt ed, that the sum of £14,804 be car ried forward to next year's account. and that the dividends be paid at exchango 9/7 5/16d." "

1

and the appointment of Mr. H. P Whito as a director from December 18th were confirmed

KLECTION OF DIRECTORS AND AUDITORS. SHAW conded. De colection of Sir Mr. SMYTH proposed and Mr. G. M Paul Charter, C.M.d., and Mr. H, P. White as directors. This was seconded by Mr. L N. Leefe, Messrs. A R. Love and E A L Williams were re-elected auditors for the following year at a remuneration to be fixed by the directors.

Alves

This concluded the business, the chair- man announcing that dividend warrants would be ready an application to-day.

As proviously mentioned, the larger portion of the sea-going vessels of the months of the year as free ships during „ficet were running during the early which time freight rates both in the Northern and Southern trades were at exceedingly remunerative levels due to The Hon. Mr. D. Landale presided and the abnormal shortage of tonnage, and there were also present:-Mr. H. P. the satisfactory showing in the revenue White and Mr. A. O Lang (directors) source. It is necessary to state however account is largely derived from this

As soon as this resolution has been the Hon. Mr. Ho Fook, and Messrs. R. that when the flat requisitioned steamers seconded I shall be pleased to reply to were taken and the remainder of the the beat of my ability to any questions Sutherland, P. C. Potts, F. Smyth, D. Reet put under control, the Blue Book which the shareholders may desire to ask..

P The CHAIRMAN-Wo take it that it is no concern of ours. The Tribunal would Macdonald, L. N. Leefe, A. M.-L. Soares, rates then paid were out of all propor

The resolution was passed unanimously. offer no objection to your going to Can J. M. Alves, C. Beswick, A. B. Stewart in Far Eastern waters and representa

tion to the expenses of running steamers

APPOINTMENTS CONFIRMED. 100. The question of going to Shanghai S. E. Grimstone, R. E. Macdougall, G. tions were immediately made to the Gor- On the proposal of the, Hon. Mr. Ho raises another point. Do you mean that you should be allowed to go for a period M. Shaw, W. Logan, A. Derby, N. Lerament with a view to obtaining amend-Foox, seconded by Mr. Lo CHEUNG SH under six months or not?

terms not only in

the appointment of Mr. G. WT. Barton connection with H. Railton, L. E. Remedios, H. Rut actual rates of charter hire but also with as a director from July 5th to December uffice. If I was up there and the lot. C. Longmire, E. F. Aucott. Nell paid in sterling.

Mr. DERARTON-Shanghai is our head tonjee (representing Alice Ah Tung), regard to an arrangement covering the of my exemption expired I could not Macintyre, P. Tod. A. M. da Silva, A

exchange question, all charter bire being

These negotiations H. M. da Silva, S. E. da Luz, R. Mcarried on through Mr. C. H. Ross in on your behalf, that a further extension to theung Shin, Ho Leung, Ho Wing, intricate nature, lasting for the best part The CHARMAN-Then Mr. Davis asks, Austin, Ho Kon Tong. Lo Man Hin, London, were of a most protracted and bo granted if his health or other unavoid and Ho Kwong.

of a year.

am pleased to say, however, able circumstances prevent his returning

that an agreement was eventually come The CHAIRMAN said: Gentlemen,-The to whereby the authorities of the Minis- before April 4th, or the state of health report and statement of accounts have try of Shipping saw the reasonableness / And on the proposal of Mr. J. "Feed to, of Mr. Arnold necessitates his absence been in your bands for some days and of our contentions, and a satisfactory We certainly cannot agree to that at the with your approval I will, as customary, agreement under the circumstances was

It is a most remote con- take them as read.

anrised at beld in At the annual general meeting

The arrangement with re- The Case was private and the Chairman, subsequently, that an extension of National Shipping tive, thereby increasing the anticipated then considered in May last year my predecessor indicated gard to additional charter hire and ex- change compensation was made retrospec addressing Mr. Dumbarton, said: The Control was anticipated and very, shortly decision of the Tribunal is that at the after such pronouncement the balance of carnings to an appreciable extent. expiration of your six months exemp-the Company's sen going fleet which was of accounts you, will notice that no pro- Turning to the report and statement tion, if you have any new grounds to

Bot already under what

47 is termed Flat

Mr. D. MACDONALD Gentlemen, - urge, you can bring them forward. That requisition, was brought under the vision has been made to supplement the have much pleasure, in Seconding the is all we are prepared to say.

Control Scheme as from 1st June, 1917, derwriting accounts, etc. The reason for Lave been so fully dealt with by the various reserves, especially repairs, un reports and statement of accounts which Before this date heavy in roads had this is that we have provided a large chairman. already been made

We bare all listened with especially on our larger carriers, which at the present time, very easy to split with regard to the management of the touage amount for contingencies which it is not very great interest to what has been said wer were apparently urgently required to up and allocate, to the

proper accounts, riera. As a result, all the vessels of the reserve, special repairs and renewals, highest credit on the part of the direc Anancial result reflects the The CHAIRMAN (to Mr. Green)-You are macdered, loaded with food stuffs and

Calcutta Line were simultaneously com etc. There is no doubt that a very large tors, general managers and staff. in the arm of Messrs. Moller & Co. Your despatched for home ports. This, follow-unt will be required to repair our ing a year bristling with unprecedented ense has only just come to the notice of ing the heavy requisitioning of 3,000 soon as possible after the war is over but owing to the attitude adopted by the

steamers" when wo get them back. As the authorities.

difficulties, not only in, trade generally You have not been in the Colony long, I understand!

tonners for transport work between Bom- bay and Basra, and other Indian Ports removed, we hope to be in a position to negotiations, whic, during the long and the government control has been verament, it was only after protracted Mr. GREEN-Sixteen or eighteen days.to East Africa, and the Mediterranean, make proposals to shareholders with reperiod of discussion, must have entailed The CHAIRMAN-A letter has been ad brought about a serious state of affairs, gard to the disposal of this account, but constant vigilance and patience on the "dressed to the Tribunal by Messrs. Moller and your directors laid the position as so much depends upos future circum part of the management, that the pre & Co. That letter was only received to- fully before the British Government. stances a.m nable day. Your manager, Mr. Williamson, and

to deal further, with sent satisfactory position was reached. Mr. Lucus came before the Tribunal and extraordinary existing conditions, were agers have charged the Company 5 per personal experience and I have no hesita Representations, with duckregard to the the question "to-day. The general man - On the latter point I can speak from in Imperial interests and in the essential India, and while stress was naturally sent commission on the charter hire paid tion, gentlemen, in stating that we have | I understand they were both exempted made to the authorities here and in cen

by the Government which is in accord cause to congratulate ourselves on the interests of the Colony. The letter says laid upon the hardship suffered by the ance with their agreement with the Com that you have been in the service of the British Steamship Lines having to com- from the Government under the terms high tribute which the chairman has paid Company, the more important point of pany but this amount will be claimed firm for two 'years and seven months as

We are all very pleased to hear, the an engineer. It was the intention of pletely abandon to Alien Bags, trade of

of the heads of agreements, Foutes of vital importance, more

ender Mr. Williamson, in addition 'to acting as

which we are working whereby the Gov. to the Boating staff and we hope as the the Company's representative, to carry Dominion, was dealt with in full ettilisation expenses.

cularly between ports of Fritish crament undertake to refund all organ and more favourable, that those men who var horizea is daily becoming clearer out the duties of Marine Superintendent Briefly, in reply, we were informed that steamers of the Company which the have had to leave their homes and fami-

In the

Case of the for the Company. The claims on Me.while our representations were regarded general managers have undertaken to lies in the Far East, will ere long return Williamson's time, however, made it im sympathetically, the urgent call of the possible and, therefore, you have been Empire in her hour of need made it

run on secount of the Government to the China court and resume their appointed to the pont. You are, the perative to disregard, for the

direct arrangement has been made be- duties under normal conditions. moment. letter states, an engineer of long experi- all questions of individuni sacrifice and

tween the Government and Jardine, ence and were Chief Engineer on the post-war trade conditions.

Matheson & Co. Ltd, which does not The fore affect these accounts. Muniperi," It is urged tant your ap-going briefly sums up the official attitude pointment is as much in the interest of last year and in the light of subsequent £18,660 of Erst mortgage debentures As called for under our trust deed the Government and the Admiralty of events, one cannot but admit that it was have been redeemed. the owners. It is also said that your

justified.

. MR. A. H. GREEN,

The case of Mr. A. H. Green of Messrs. Moter & Co., was the last considered.

our

Mr. S. 1. Williamson appeared on behalf supplement the home going food car such as exchange fluctuation, galeri/roughout the year, and the

of the Company.

appointment is at present probationary.

If you are not satisfactory you will re- turn to your ship in which case you would not be ordinarily resident in Hongkong.

.

to

the

im-

.

You will notice from the satisfactory. the future, may list of investments shown in the balance

As regards, of the Committer appoint

Committee

Arrangements codha to.

Dur

You will, I have no doubt, heartily approve the policy of transferring,, as

war conditions of the shipping trade funds, as possible into sterling The post- opportunity offers, as uuch of our silver.

are most uncertain, but what stands out prominently is that it will be necessary add very considerably to our tonnage

that that your directors have invested in order to recover and maintain our ed by the Board of Trade to consider considerable funds in war securities and old position, and from an Imperial point the position of shipping and shipbuild that to 31st December last we had placed of view it is essential that we should ing interests after the war, which was in such securities the large sum of increase our tonnage as rapidly as pos The CHAIRMAN Continuing (to Ms. recognised that the nation had a duty this year, steps have been taken to bene ever again acquiring so large a share of published in June of this year, it was £809,521.3.0. I would say that, as regards sible so as to prevent nur enemies from Williamsco)When your case was before the Tribunal and you and Mr. Lucas o perform in restoring their Mercantile it as much as possible from the present the shipping trade of this port as they were exempted I do not think you stated

high rate of exchange by converting held before the war. The greater por- that it was your intention to secure the earliest possible removal of Government sterling, and the item "cash in the hands out lays for extensive renewals and re- recommended the silver revenue as it became available into tien of the fleet will call for very heavy services of Mr." Green.

Control and thereafter the payment by of the MIT. WILLIAMSON No, sir." I was try the Government of market rates for hire greatly reduced.

general managers has been pairs, in addition to which it will no ing to carry things on my own shoulders. of steamers. Quite recently Mr. Bonar

doubt be necessary to replace some of Extra work has arisen and I have found Law definitely stated that the Govern- from societies organised for the promo vessels, when opportunity cecurs, and I In response to various applications, the older steamers by new and modern it impossible.

ment had no intention of nationalising tion of Marine Charities the Company think we may rest assured that the, gen- The CHAIRMAN-Your work has been shipping. We have every reason, there contributed during 1917 amounts commoneral managers with their many connes increased since the meeting of the Tri-fore, to hope that our ships will be surate with the urgency of each respections in all parts of the world, will lose bunal}

returned to us with as little delay as tive call and has also donated $5,000 to no opportunity of procuring new tonnage MT. WILLIAMSOx-It has,

possible, and we shall be able to com local war charities. We trust that such when and where it can be most advantage. Hon. Mr. LANDALE-How many steamers once repairing and reorganising, our payments have your approvai. have you?

onaly acquired fleet.

The re-establishment of our Calcutta time allow the fleet has been well kept beg to second the motion pat before you So far as the exigencies of the present! With these few remarks, gentlemen, 1 Mr. WILLIAMSON There are four Line is of great importance to this Com-up but at an enormously increased cost by the Chairman. steamers under the Local Control Scheme.pany. Full details were put before the Tri-withdrawal of our steamers from this line requisition in distant waters every pos During the war, owing to the With regard to steamers running on fat bunal before. There are big sums of by the Government, the trade which we sible effort has been made to maintain money going each month to the local handled in conjunction with the British the standard of up-keep and, in fact, in THE LATE MRS. HL W. LOOKER. authorities as the earnings of these ships. India Company has in a great measure order to:

Hon. Mr. LANDAcs-Do you consider it been diverted to another route and while

aasist matters generally, a Becerry to have two Marine Superin. the war lasts it is difficult to take any Bombay, went has been established at which port the head-quarters tendents to look after these ships? effective steps to protect our interests.

Mr. WILLIAMSON-I do not consider when the war is over, however, and vein Indian waters. There is no disguising reporting the funeral of the late Mrs. of the majority of our steanters running The Japan Gazette of October 18th, myself as a Marine Superintendent. I get our own steamers at the Managing Director.

free to charter of build new are again the fact, however, that the vessels away new steamers, from Home are being subjected to most

Looker, states: which our sound financial position excessive wear and tear and although funeral, last evening, of Mrs. Looker,

Quite

number of friends attended the have been represented to those wife of Mr. H. W. Looker of Hongkong and ito do considerable scale,

on is

I have little fear but that

been better to "have secured additional clerical assistance than to have taken an

a shortage of engineers.?

as

FUNERAL IN JAPAN.

Government, Church and at the General Cemetery was conducted by the Rev. Eustace Strong,

Hon. Mr. LANDALE-Would it not have shown in these accounts shoudienanie te matters we tear little satisfaction has daughter of Mr. Tom Thomas of Yoko engineer from a ship when there is such ourselves was shall be able to reassert for will be gained, and without doubt, hama, whose death occurred· somewhat and recover our position. notwithstanding the compensation which unexpectedly at the General Hospital on The company, in common with Mr. WILLIAMBONI think not, I an has unfortunately this year to report heavy repairs will be necessary when sich to her father. The service both at Christ

others,

be payable by the Government. Tuesday mornning while here on a visit the Managing Director of the Company losses of ships occasioned by war condi-steamers are and knew everything connected with the tions and you will share my regret at the control.

released private affairs of the Company. It world. g. of· Onsang, Bear Durban

In conclusion, gentlemen, I have much M.A., Chaplain of Christ Church. Mr. be months or years before anyone else in

in the Mediterraness in April lent service rendered by the festing staff, present se chief mourner, and the pall- and of the Eutsang, pleasure in putting on record the excel Thomas, father of the deceased lady, was could pick it all up. I may state that torpedoed in we hars been very short of engineers this year. Although the Onsang's loss services in many cases, especially on the bearers were Wheeler, Messrs. enough to pick up two men, through of war, it might well be said the casualty the most trying climatic conditions. Commander Beckwith, to put on our

the

Brockhurst, R. I

and only just recently, were fortunate cannot be attributed directly to sa act Bombay Baare run, carried out under on ou, A. J. McClure, and

Tho". CHAIRMAN-I see that your solier in

Far Eastern waters. The Athough some members of the staff have E. Coutts. Mrs. Looker, was buried in

vevels.

not

have occurred had she been At

the had to return to China for health reasons the same grave ns ber mother. A number of both vessels A very serious we think the record of the Company's of floral tributes covered the coffin, these, tor stated before the Tribunal that you deplores the death of Captaith any employés in that particular branch of and the presence of many friends, testify:

life resulted combined three capacities, taperintend: Captain Alcock, and of their brave linked up with the campaign in Men Thomae sad the husband and

Tough the transport service which is so closely ing to the deep sympathy felt with Mr. the ships, acted as Marine

engineers and crew who have potamia will bear sacrificed their lives while playing their steamship company on with, and their bereavement.

comparison

family in part in the present great war and 1ible to ameliorate to say great extent Bev. Mr. Strong read th

is impos After reading the shpresing the Sting Upportunity of the discomforts with which are emplois

ent and were the Consulting Engineer,

Mr. WILLAIMSON, Yes, I am an engi neer by profession.

Commander BLCKWITH-Do you manage,

consider this &

the

read the following on

-any other ships besides those of Moller, company with that ympathy of the have to contend, I am pleased top friedr. Khomas dosizes me to say

& Co.

Mr.. WILLIAMSON We have occasionally

other ships

Mr. ADAMRON--How many men have

you in your office now?

Mr. WILLIAMSON-Four Europeans with

•Mr. Green..

38, and married. Do you yourself desire

50% Folatives.

During the year steamers of the West River British BB Co

that everything possible has been Boar

that on behalf of himself and think it may be said that every month, sympathy and for your presence here review the to meet such trying conditions and Mr. Looker he thanks you for your kind an mprovement in, and to witness a ghlac Our floating not actually running although, who has tele

danger zone ing of her mortal remains alongside those

Ltd., beld one-third share, were disposed

hich one third ohne die Codec

of at a satisfactory figure.

gs, the

branch of our business has been far from and it is

For some years past this particular are performinghamable national work of her no less dear mother satisfactory and it was of

who to the eighteen years ago. And it is in the fond died many of hope they meet in the realms

oted that

The CHATEWAN (to Mr. Green) -You Ferify to dispose thought a good shortage ben sie shoulderingar in above that no confess, L. le Thy will, when exceptional prices were offered. I cressed burden of work and of reapon. O Lord, that they have been taken from would mention, however, that we still re-sibility and I think you will agree with us not our willa but Thy will be done.

* Mr. Grzs-It is immaterial to me, sir,

It is up to you people

- Major Mogdark claimed non-exemption.

The ena was considéred in private an abeequently the Chairman announced that the decision of the Tribunal was that Mr. Green should be enrolled

tain the right of participating in trade at soy time we

me, gentlemen, that the Company owes And I thank Thee, O most merciful a great debt of gratitude to those who Father that Thou has permitted my supplemented by the addition of the Shipping Control, continue to carry out

feet has been ranning in transport work of ander with me. Amen

the present strenuous times, whether beloved child to pass her last few hours

Company's

waisang and Chakang. Both these their duties in auch a satisfactory man Other Loent News will he found on Vessels were contracted for with the ner. (Applause.) Y

Page 6 and 7)

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