1919-03-12 — Page 2

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THE BONGKONG DAILY PRESS, SWEDNESDAY, MARCH 12TH, 1910.

VICTOR RECORDS.

RECORDS

THE

OF QUALITY.

Large Shipment Just Received

FOX TROTS, ONE PESTS,

WALTZES,

ETC.

A COMPLETE LINE OF

VICTROLAS

IN STOCK.

MOUTRIE'S

EXCLUSIVE AGENTS.

Ready-to-wear

GREY FLANNEL

TROUSERS

London made, perfect in cut and workmanship, and well finished la every detail.

ALL SIZES IN STOCK. $12.00 per pair.

SPORTS COATS.

CAPS. SHOES.

COMPANY MEETINGS. THE YANGTSZEFOO COTTON MILL,

The fourth ordinary meeting of shart- bolders of the Yangtszepoo Cotton Mili, Ltd., was held on March 5th at the board

Nom

of Mesara Jardine, Matheson i

• Co., Ltd., general managers.

John Johnstone who presided, Mr.

and said:-When last addressing you reviewing the situation, I said China was in such a chaotic state that it was difficult This to foretell what would eventuate. fnet, ampled with the abnormal prices for cotton and the uncertain and fluctuat. ing demand for our products, during the Year under review, makes the result of our working all the more gratifying and is maltor for congratulation.

The profit for the twelve months ended December 31st, 1918, amounts to Tis. 401,042.01, which, with the amount brought forward, leave Tls. 403,494.82 available for the proposed appropriations, which the Consulting Committee venture to bope, will have your approval.

MACKINTOSH

▲ CO., LTD.,

Men's Wear Specialists,

16, DES VIEUX ROAD. Telephone 29.

FOOK LEE & Co.

Established 1871.

́IRON & STEEL PRODUCTS, HOUSE & SHIPBUILDING

& ENGINEERING MATERIALS,

HEAD OFFICE: Nos. 28, 2 & 4, Hilller Street.

LA

Phone 1174.

PRICE SENT ON

BRANCH OFFICE: York Building, Chater Road.

Phone 1850,

APPLICATION,

B

101

CIGARS

MINERVA

MINISTROS.

Actual size, in boxes of 25, $3.50

Perfectly made from the choicest growths of Tobacco Leaf. CHEROOTS

Sold by-

Cortado de la Reina $2.75 per 100 Cortado Delicioso $3.50

*

17

LANE, CRAWFORD & CO..

Tel. No.

1743-

THE

CORONET

March 12th, 1919.

ALL COMEDY

(66

Tel. No. 1743.

PROGRAMME !

Charlie Chaplls in

"SHANGHAIED."

Max Linder. In

"MAX IN A TAXI!!

Harold Lloyd la "BLISS"

GET RICK QUICK WALLINGFORD.

Booking at ROBINSON'S,

As you will see from the report, it is proposed to pay Tls. 0.80, or 16 per cont. on the ordinary shares, and I hope that shareholders may consider such return Batisfactory.

The Consulting Committee are of opin ion that it is most inadvisable to pay a larger dividend, believing as they do that the soundest policy is to build up rOSEZVOB whilst times are good, in order to place the Company in a strong financial posi- tion to meet ture competition, which there is no doubt will increase annually.

It is proposed to write off machinery and buildings The 80,000 and Tle. 20,000 respectively, bich

are similar amounts

TIS

40.000 for to the previous year. The the Equalization of Dividends will make Luis fund stand at Tls. 200,000,

SHANGHAI TUG AND LIGHTER

·CO., LTD.-

Tho 10th annual general meeting of slaveholders of the Shanghai Tug and Lighter Co., Ltd., was held at the offices of the agents (Messrs. Wheolock & Co.) on March 4th.

JAPAN'S

COTTON

IMPORTS

AND YARN OUTPUT. During the latter half of 1918 the Lotal consumption of raw cotton by all the spinning mills in Japan amounted to 49,076,000 kwan (174,470 tons), against 52,711,000 kwan for the first half of the Mr. John Prentice, who presided, enne year, and 64,300,000 kwan for the said: We consider that the result of corresponding period of the previous the year's working is very satisfactory;; year (according to statistics published by the balance at credit of the Working the Japan Chronicle). Account is only Tla. 4,350.01 less than that of the previous year, and the bulance ci Profit and Loss Account is Tls, 3,969:62 We have written off Tls. 25,000.00

Our depreciation au oar property. investments (a cost) have been increased from Tia. 36,710.09 to Tls 77.811.57, an The amount increase of Tls. 41,191.58.

more

As you

of our gold investments (all War Loans and Bonde) is Tla. 07,29%.67, will have noticed in the note on Balance sleet, the cost is approximately Tla 16,000 in excess of the market value at December 31st, 1018, but as it is our in- tention to keep all gold investments until redeemed, we need not at present take this into consideration. The amount available for distribution, after having deducted the amount of interim dividend

It is proposed to contribute Tls. 5,000 the King's Fund for the disabled, which, I am sure, will meet with your

and support. sympathy

Ths. 1 Respecting the appropriation 60,000 ton Cotton Fluctuation Fund, I would like to explain why this is neces

and also its connexion with the Bary anditors certificate, in which they point out the difference between our taking. over values of the cotton in stock on December 31st and the market prices of sane on that day:

Let me first inform you that it has been the custom in the mills managed by Mesars.

Jardine, Matheson & Co., Ltd.,

last

during the twenty years, always to take over votton stocks ab best prices at

said on August 7th last, is Tis. 147,212.48, which we recommend should be dealt with as follows: .

Tla.

Pay a final dividend of 31 per

cent, on preference shares....17,500.00 Pay a final dividend of 10 per

cent, on ordinary shares.50,000.00 Place to General Reserve 80,000.00 Carry forward to New Account...30,316.49

The placing of The. 60,000.00 to the General Reserve will bring it up to Tha 109,000,

The fleet bas been maintained in the usual first-class condition and all te- pairs have been charged to Working Account.

The Report and Accounts were adopted. Mesars. E. A. G. May and Jolin Pren- Lice were re-elected directors, and tho

appointment of Mr. J. Harold Dollar es

a director was confirmed.

A bonne of 20 per cent was voted to the foreign and Chinese staff.

YOKOHAMA SPECIE BANK.

Examining the following detail, it is seen that imports of India raw collon the first half of the saine year, chiefly declined by 5,750,000 kwan compared with because of the high price, nt, instead, 3,000,000 kwan more of American and lowing are the detailed figures: Chinese cultus were imported. The fol

July-Dec Jan. Jane. July Dec.

The local office of the Yokohama Specio cablegram Bank, Ltd., is in receipt of a the end of each year, and the system luns from the Hand Office stating that no the of shareholders, beld half-yearly meeting worked satisfactorily.

at Yobohatis on the 10th instant, it was resolved to pay a dividend of 12 per cent. p.a. for the balf-year ended the 31st De

There have been times for instanse,

in December, 1917-when our profits would have been materially increased

consequence.

You will be interested to learn that since January this year we have sold the products of the mill at remunerative prices, which will absorb three times the amount of cotton, we had in stock on December 31st As you are aware, cotton prices the world over are at a high and dangerous level, compared with those before the war, and, although pre-war prices may not be seen again for some years, there is no doubt a decline from. the present high prices will come in the future, and we wish to be prepared for this.

1918. 24.302 American... 18,169 Indian

Chinese .....

5,177 Egyptian ... Annam and Saigon Korcan ..... Others

1918.

1018.

30.088

36,250

15,450

14,727

4,793

2,500

882

889

689

152

202

-726

680

276

550

243

Total 49,676

52,711

64,380

1

INTIMATIONS

Q.

NOTICE.

R.

HE PUBLIC are carnostly requested to co-operate with the Police in the enforcement of these regulations.

1. Keep to the left.

2. Foot passengers must keep to the

pavement where such exists

3. Slow moving traffic and coolies bearing loads must keep near the kerb on the left hand side of the road.

4. Fret traffic must keep in the contro of the road on its own side e. g. motor cars and ricksba".

5. On roads not used for whoeled traffic foot passengers must keep to the left of the road.

15.

Overtaking volúcles must pass the vehicle overtaken on the right except whore the overtaken vehicle is a tram- car. In the latter case the overtaking vehicle may pass the tramcar on either clear view side providing he has a shead.

These rules abould be strictly adhered to, to prevent obstruction and congestion of traffic. 603

By Order of the Capt. Supt. of Police. Hongkook, January 28th, 1919.

For purposes of reference, the total

follows:-- output of all the spinning mills is put as July-Dec Jan.-June. July.-Dec.

1918. balca.

1918. bales.

1919.

balca.

10's counts 84,306) 20's counte 249,721) Others 40,528

144,812

170,328

201,818

270,770

515,081

515,842

Total

994,310 ..879,658

950,045

During the first half of 1918 10 per cent of all spindles were kept idle so us half of the same year the same restriction to keep up prices, and during the latter was enforced except for spinnings finer than 18's counts

POPPY CULTIVATION IN KOREA.

G.

NOTICE.

R.

[429

ALL PERSONS, with the exception of

thoss of Chinese race desiring to leave the Colony should apply in person between the hours of 9 A.M. to P.M. and 2 r.. to 4 P.M. daily, at the PASS OFFICE, POST OFFICE BUILDING.

Applicants will be required to produce All persons, with certain exceptions, who emsin in the Colony for more than 7 days Passports or identification papers.

are required to Register themselves under of PERSONS REGISTRATION the

ORDINANCE, 1818.

Forms of Registration, giving the parti- culare required may be obtained at the G.P.O. and at all Police Stations

The Penalty for non-compliance is a Ene aot exceeding $50.

40

system, and accordingly framed an opium SEAMEN'S INSTITUTE.

FURTHER ENCOURAGEMENT. The Government-General decided some time ago on permitting the cultivation of the poppy in Korea under a licensing ordinance to be enforced in the country, incorporating in the Budget a sum of V.360,73%, to meet the expenses of the the Japan (says departure Chronicle). The Budget has passed the House of Representatives with the result that the ordinance will be put into force on April 1st next, and the Government General looks to obtaining 3,000 kwan of

fiscal year.

new

21, PRAYA EAST, HONGKONG.

now OFEN after extensive repairs. Reading and Writing Rooms, Biliard Room (two tables), Restaurant, Concert Hall and Meeting Room.

ALL DEPARTMENTS of the above are

comber, 1918, to add to the reserve tund opium during the next markably fitted 70 Beda in Dormitorisa.

NEW

and in curry forward the sun

COMPANY REPORT.

ENGINEERING AND SHIP-

RUILDING WORKS.

At a meeting of the directors of the New Engineering and Shipbuilding Works, Ltd., at Shanghai, on March ath, it was decided to apportion the balanes at credit of profit and loss account on December 31st, 1918 (Tis, 581,030.06) na followy: ---

sbaro *****

Tle.

43,667.50

A

A

The soil of Korea is jastaus nave me Ay query filed with the austrorities concerned for permission to engage in its cultivation. its cultivation has rule, however country, the very boen prohibited in few exceptions made being for the pur

for medical pose of obtaining opium Deeds. The yearly demand for opium in Japan and Korea amounts to 52,000 an average. The greater por tion of this quantity is used for the manufacture of morphine.

kipan

મા

Sleeping Accommodation-38 Cabins sad Marina HM All use of the Merweleome, to use the

MANAGERFS8.

Institute

(110

COMPLETE AERATED WATER

PLANT FOR SALE,

THE MACHINES are made by Messrs. Bratby & Hinchliffe, Ltd, Manchester, Prior to the war opium was mostly and guaranteed in perfect working order. imported from abroad, but that impor-This complete plant will turn out 2,400 tation has long ceased. In recent years, dozen Aerated water per day, purobasera to the demand for the drug has been met take over about 6,000 dozen bottles at cost by the product from Korea, amounting price to some 800 kwan, and that produced at home, amounting to 1,000 kwan, thus leaving a big deficit of 50,200 Lian. Accordingly poppy in Korea has the attention of the

of

the

the Metracted

in the mother

Your Consulting Comreitten suggest | setting aside Tls 50,000 ne a nucleus of a

Pay a dividend of Tl. 1 per fund for the purpose of minimizing the effect of the fluctuations in the raw

share on 99,335 shares, ro- material and also the vagarice of presenting 20 per cent..... 98,335.00

Pay a bonus of Ts, 0.50 per With a large concern it is exchange. impossible to work, satistaatorily without having three to four months' cotton in Place to depreciation fund.... 25,000.00 sight, and as the bulk is purchased in Place to reserve fund 53,333.38 country, and the suggestion made as to silver currency

and we

its growth has been accepted by the Gov- we are seldom able Place to purchase of materials

On the enforcement to sell sufficient of our products to

ernment-General. to cover

fund our cotton commitments, this fund will

Place to dividend equalization #1 hedge

against cotton over-

fund bought and the danger of showing a big loss in any one year will be reduced.

sorve as

In recognition of the good work of our European and Chinese staffs at the mills, the Consulting Committee recommend that the sum of Tls. 9,000 should be paid as a bonus

Oor working costs have been high, more especially as regards coal, which has coet Ths. 106,639.48 more than last year. Interest is also Tls. 17,100.66 higher.

.250,000.00

60,000.00

of

UNLO

Apply by letter-

or

AERATED WATER PLANT," Care of Hongkong Daily Press,

Care of General Post Office

Box No. 120.

[130

the opium ordinance, the cultivation of the poppy will be permitted in the country under strict control, and for DAIRY 20,000.00 that purpose organs will be

spocially Carry forward to new account 33,700.18 created and stationed in the localities in

Donate to war funds

TIs. 581,036.00

HONGKONG TRAMWAY CO., LTD.

receipta for the week, ending March 8th, The approximate statement of traffic

is is follows:-

Kuveita

for week

This Year .............4639

1st Year Increase

12,091

1,049

Aggregate

for 10 weeks.

receipts

146,128

141,898 3,727

RISING SUN CHAPTER JUBILEE

AT BHANGHAI,

which poppy growing is allowed. Illicit manufacture of, or trade in, opino will of course be liable to sovore punishment.

POSTAL SERVICE FOR MONGOLIA-

a

FARM NEWS

Butchers' Meats

BEEF. MUTTON, LAMB

BABBITS.

HARES.

PRESSED

BEEF

PURITY. EXCELLENCE,

WAI KER....

FLAG & BAILMAKER,

No. 120, 'Dos Vœux Bond 'Central, Top Floor, HONGKONGL

Telephone No. `1883.

At the moment future prospects appear particularly bright, as regards margins

The Board for Mongolian and Tibetan | SAUSAGES BRAWN, of profit-clearances are also excellent-

Affairs bus suggested to the Ministry of the latter in a healthy sign as it means

Communications that post offices should be established in different important. our products are going into consumption, It appears as if the, Chinese consumer had

places in Monogolia to replace the held all buying as long as it was possible

Goutior stations. In the absence of and was now compelled to replenish the

properly organised postal service system, much depleted stocks throughout the

all the official documents and other im- country,

notwithstanding current high

portant mails destined for the different prices.

places in Mongolia are now carried by Amore hopeful tone exists among the

the courier stations. Under such cir business men of China than has been hoard for many years. Let us hope that

The Rising Bun Royal Arch Chapter, camstances, the Board points out, un- the Peace Conference at present sitting in No. 129 on the Roll of the Supreme Grand necessary delay often occurs in the trans- mission of important messages, which Shanghai will be able to settle on a brated the fiftieth anniversary of the Royal Arch Chapter of Scotland, sele-

would have been promptly deliveredt, if differences for all the long outstanding,

organised between the North and South and that issue of its charter by a special meeting there were a wall

postal ser in the Masonic Hall at Shanghai, an an era of industrial progress will result,

vice throughout Mongolia. The Board March 3rd There was a very large at which will place China in the front rank tendance of members of the Chapter and adds that a postal service in Mongolin i

DI of commercial nations and also as

a long felt want and that with outlet, for the mpirufactures of thous of the English arid American Chapters. fishment of such a service, all the incon M.E. Comp Waddell, the M.E. First Allied countries, whose pre-war industries Principal of the Chaptor, presided, and

voniande and drawbacks which generally so much from enemy action

Masonry was

attend the courier stations will disap- and, the

by M.E. Comp. Symons, while poar, The Ministry of Communications so happily ended,

is roquested to give careful consideration It is satisfactory to learn that the congratulations were offered by M.E.

and others.

this proposition and to ask the Board Ivy Chinees millowners begin to realize how Com

for co-operation in carrying out this n dinner held after the mosting, serious is the ncoessity of improving the M. E. Comp. Osborna gave interesting 70 undertaking if it is considered necessary.. quality and growth of Chinoso, cotton.

miniscences of some of the founders of The Cotton Anti-ndalteration Association the Chapter and Past Principals, includi and the member of the Cotton Mill- awnors Association of Chine, Proposed Tenna, William Birt, John Bradyoté, ing Comps, O. M. Donaldson, Henry some time ago to. guarantes e por three Lalcacne, Bannerman and Holland. ONDER ISSUED BY MR. J. W. FRANES, 2...plet annum for three years if the Chinges The present holders of office dre millownors would subscribe a simi

(RESELVE). amount. I am glad to be able to inform you that the Chinese Millowners Association have decided to undertake and finance the whole of the work of the improve of cotton in China and introduction ment of American Weed in suitablo Localition,

Thoraport and recounts were adopted, and the Consulting Committee were ro alected.

have suffered necessitated by the war, testing address on

similar

John Waddell C. 8. Allen

JA MacKenzie

......M.E. 1st Prinn.

to

HONGKONG POLICE RESERVE.

Mad Prine...

LEAVE.

M.E. 3rd Prino:Chinchon has been-granted leave of Norman Boway

Boribo B Charles Arulor Boribo N. James E. Watson ......Treasurer. E. E. Lever .1st Sojourner,

Joensen...............Bad Bojmirner.

A. Dy Buchanan ..............ärd Bojourner.

PALACE HOTEL. KOWLOON, Corner of Halphong and Hankow Roads. T.K. 3.

TWO Minute Ferry and Hallway

renovated fall refurnished, is now up station. Tabtel has just been nota-

hd every respect and under English

*Manigamentres Culikt under, persóniai- amperelaion) of thi

PRUNING PRED Proprietor.

absence Trom-Murah,19}l"15 October 10th, 1019, His duties Will be-pari, formed by Musketry Inspector Appli

Fisher.

March 11th, 1919.

BAR AND BILLIARD BOOMS. TERMS, MODERATE.

Arrangement for Faniflich

OXBERRY Proprietor.

109)