1922-02-08 — Page 2

Page

THE HONGKONG DAILY PRESS, WEDNESDAY, FEBRUARY 81a, 1972.

THORNYCROFT

JOHN L. THORNYOROFT à 00, LIMITED. BETREUILDARA ANd Ersinkers, GORDON, SOMPION AND BASINGSTOKE

Shanghai Ofcéz

10, Kinkiang.

Road.

11

COMPANY MEETING. HONGKONG, CANTON AND MACAO

STEAMBOAT CO., LTD...

COMPANY REPORT. HONGKONG AND SHANGHAI BANK-

ING CORPORATION.

The one handed and sixth report of the Court of Directors is as follows:-

The Directors have now to submit to you a general statement of the affairs of the Bank, and balance sheet for the year ending December 31st, 1921

The ordinary annual meeting of share holders of this Company was held at the offices, yesterday, 'at noon. Mr. G. M. Dodwell (Chairman) presided and there were present Mr. P. L. Knight, D. G. M. Bernard and W. E. Clark (Directors), Mr. John Arnold (secretary), Messrs.

In terms of the resolution passed by the M. S. Northcote, R. E. Belilios, J. J. shareholder's at ur axtraordinary meeting Lousius, J. W. Kew, J. M. Y. Figuerido, huid on the 28th May, the capital of the Chan Siu Ki, Chau Taui Nín, Lo Koon Bank was increased to $20,000,000 by the Chun, F. Ellis, and H. Smythe (share tisue of 40,000 shares of $125 at £70 holders).

per share. Of the resulting premium The CHAIRMAN said; - Gentlemen, -1,000,000 hus beca transferred to Sterling the pleasure of addressing you, the Com- and $830,291.71 to Silver Reserve. pany's affairs have caused your Directors The net profits for the year, including considerable anxiety In this we are not $3,291.401.69, balance brought forward singular, for there is scarcely any ship- from last account, alter paying all ping company which has not been sub-charges, deducting interest paid and due, jeet to similar difficulties, and from.com-and making provision for bad and doubt

15 B.H.P.30 B.H.P. 50 B.H.P. Engines Since my predecessor in the chair had Reserve, which now stands at £4,500,000,

In Stock

For quotation apply

Summit

COLLAR

SHAPE

SHANGHAI OFFICE

A skilfully cut droop to the square wings adds distinction to Summit shape 24-

Pre-eminently a collar for young men and men who stay young, it is correct for this season's dress wear, also for general wear.

Stocked in four depths, 1, 2, 2 and 2 inches, also in Quarter sizes, ensuring a perfect fit.

MADE BY AUSTIN REED, LONDON, FOR

MACKINTOSH

& CO. LTD.

MEN'S WEAR SPECIALISTS

Alexandra Building

Des Vœux Road

WAYGOOD OTIS LIFTS

Telephone

For particulars and quotations apply to

The Sole Agents-DODWELL & CO., LTD.

TELEPHONE 1030.

MACHINERY DEPARTMENT.

SPECIAL BARGAIN WEEK

AT

WHITEAWAY'S SALE MONDAAY Feb., 6th to SATURDY Feb., 11th, SPECIAL BARGAINS IN OUR LADIES DEPARTMENT.

LOT 1-LADIES

WARM SKIRTS. READY-TO-WEAR DRESES. WOOLLEN JUMPERS, READY-TO- WEAR HATS

ALL AT

$5.00 BACH

LOT 2.-LADIES READY-TO-WEAR DRESSES, BLOUSES.

READY-TO-WEAR HATS ETC., ETC. ALL AT

$2.50 EACH

LOT 3.--LADIS BLOUSES, HATS, HOSIERY, VESTS,

SUARES, ETC. ETC.

ALL AT

LOT

A

LOT

$1.00

EACH

LOT OF LADIES WARM OVERCOATS. TO BE CLEARED.

AT

$20.00

EACH

5—A LOT OF WHITE LONGOLOTH, AND NAINSOOK.

UNDERWEAR," WELL MADE, EMBROIDERND AND TRIMMED, TO BE CLEARED -

At HALF PRICE

DO NOT MISS THE GOLDEN OPPORTUNITY

WHITEAWAY, LAIDLAW & CO., LTD.

HONGKONG.

NOTICES TO CONSIGNEES

BRITISH INDIA STEAM NAVIGATION COMPARTY.

Ho

CONSIGNOS re hereby notthed YONSIGNEES of cargo for Hongkong por that owing to the strike of Cargo and Wharf Coolies cargo for Honghong will be carried on Consignees are therefore recommended to mate and landed as that port to Singapore the necessary arrangements respecting iarr ancesto. accordingly.

The cargo will be returned to Hongkong immediately conditions at this part become settled.

MACKINNON MAQKENZIE & CO.

Hooghong, Sel. Fabrazy, 1DZI.. [337

Agents

NOTICE TO CONSIGNEES

COMPAGNIE DES MESSAGERIES

MARITIMES

NOTICES TO CONSIGNEES

NOTICE TO CONSIGNEES,

"

B.I Đ.H. Co CONSIGNEES of cargo for Hongkong per &s. "TANDA are heroby noted that owing to the Strike of Cargo and Wharf Coolas Cargo for Hongkong has been carried the same ship. Consignees are therefor recons on to Japan and will be returned to this part in mended to make the necessary arragements respecting insurance ste, accordingly.

MACKINNON, MACKENZIE & CO.,

Agents. Hongkong, February 6th 1925. [353

that

ments which have been received I gather ful accounts and contingencies, amount ( JONSIGNEES of cargo for Hongkong per monded to make the necesary arrangeniantu..

that it has come as an agreeable surprise that the Company has been able to pre- sent to you a favourable balance sheet.

Practically all shipping undertakings have suffered from world-wide depression and local business stagnation, and sh ping in Hongkong has been no exception. Ouf trade has had its full share of difi- culties and troubles and, in addition. these causes have been, greatly accentuat- ed by the continued disturbances, politi- cal and financial, in the neighbouring Provinces of Kwangtung and Kwangsi,

THE YEAR'S WORKING.

|

to 814,112,787,11.

The Directors recommend the transfer of $1,360,718,29 from the proft and loss account to credit of the Silver Reserve which, including the above-mentioned amount of 630,981.71, will then stand at $3,500,000.

ARMAND BEHIC" are hereby notified that owing to the strike of Cargo and What Coolies, cargo for Hongkong will be carrisi on. The cargo will remain on board the abore named steamer and will be discharged bere on her return. journey from Japan.

R. RODENFUSER

Acting Agent

They also recommend writing of Bank Hongkong, 2nd, February, 1900, Premises Account the sum of $1,000,000.

GLEN 1INE LIMITED. NOTICE TO CONSIGNEES

NOTICE TO CONSIGNEES,

PENNINSULAR & ORIENTAL & N. Co. NONSIGNEES of cargo for Hongkong per 4.3. "DUNERA" are hereby notifed owing to the Strike of Cargo and Whart Coolies cargo for Hongkong has been innded at Singapore and consignées are therefore recora respecting insurance etc.accordingly.

The cargo will be forwarded to Hongkong immediately conditions at this port become settled

MACKINNON, MACKENZIE & CO.

Agents. Hongkong, February 8th 1999," 1357

NOTICE TO CONSIGNEES. OCEAN, STEAM SHIP COMPANY, LTD. CHINA MUTUAL STEAM NAVIGATION COMPANY, LTD. NONSIGNEES of cargo for Rongkong per

[394

H

V. "GLENAMOY FROM UNITED KINGDOM AND CONTINENT.

Coolies Consignees Are Borsby notified WING to the Strike of Cargo and Wharf thatHongkong Cargowill be carried on toSharg hai and landed there. Consignees are therefore recommended to make the necessary arrange ments respecting Intrance, stc.

The Cargo will be returned to Hongkong mmediately conditions here become settled,

After making these transfers, deducting the interim "dividend of £3 per share, paid on 8th August last, viz-£360,000 at 2/7-82,787,008.79, and remuneration to Directors there remains for approM. The nett profit on working for the Directors, recommendhe pasment of a out of which the priation 8,903.07.09,0 year covered by the accounts is $315,081.73, anal dividend on the Old Shares of three as compared with 8300,569:17 for the pre-pounds sterling per share, and & bonus vious year, and, including interest on

on the Old Shares of two pounds sterling investments, profit on sale of share invest. per share; also a dividend and a bonus ments, and the proposed transfer of $70,000.00 from investment fluctuation on the New Shares at corresponding rates, viz., 22 5. and 13s., amounting in account, there is an amount of 8-400,306.56ll to £720,000 which, at 8/7 the rate of available for distribution. An interim dividend of 81.00 per share was paid in the day, will absorb 5,574, 193.50.

Tho balance $3,331,776.50 to be carried- August last and your Directors now re- commend the payment of a final dividend new profit and loss account. of $1.00 per share and a bonus of 73 cents per share, similar to last year, writing off book values of steamers and wharves $55,000.00, transferring to special repairs fund $43,000.00, transferring to floating staff pension fund $39,554.20 representing £5,000 at exchange of 2s. 7d, paying a bonus of $8,301.16 to ofice staff and carrying forward to

account new . $11.393.50.

It has not been necessary to make any provision for depreciation of the sterling stand at well under the current market- and other gold securities, which now valuer.

The sterling equivalents of the various accounts are shown at 8/7, the rate ruling on the last day of the year.

Directors Mr. G. M. Dodwell has

JARDINE, MATHESON & Co., LTD. Agent Hongkong, 4th February, 1923. [440

EAST ASIATIC CO. LTD. COPENHAGEN.

Tho

normal.

AND

AND

.

been elected Chairman for the year 1929, and the Hon. Mr. A. O. Lang Deputy The book values of the Company's in- vestments at the date of the balance sheet Chairman. The Hon. Mr. John Joba- were $1,081,106.11 and the market values stone and Mr. A. H. Compton having

same date showed an increase of resigned their seats on leaving the Colony, at the DECESOSIY Wrangements respecting arrangements as to insurance ato, scoordingly.

Mr. D. G. M. Bernard and Mr. H. P.

at

8119,207.43. resulting from our usual cus- tom of adjusting the values of invest ment stocks to market quotations. We

recommend the transfer of $70,000.00 fromi investment Auctuation account to proft and loss account, leaving $158,470.40 st credit of former account, providing ample eaver for possible depreciation during the

current year,

At the last annual meeting of sharp holders the creation of a pension fund for the European officers of the Company's floating staff was sanctioned. Your Directors recommend un appropriation of $38,634.20 representing £5,000 at exchange of . 7d., from the profits" of the pist year to this pension and

White were invited to fill the vacancies These appointments require confirmation at this meeting. The Hon. Mr.. "A. O. Lang, Mr. G. T. M. Edkins and Mr. A. S. Gubbay retire in rotation, but being eligible for re-election, offer themselves accordingly.

Auditors.The accounts have been mudited by Mr. F. Maitland and Mr. E. Williams, who offer themselves for re-election. १

CONSIGNIA of Cargo for Bothed test Hongkong per owing to the strike of cargo and wharf coolies Samo mongkong will be carried on to Shanghai and landed at that port,

Consignees are therefore recommended to insurance etc. accordingly. The cargo will be returned to Hongkong immediately conditions at this port become settled.

MANNERS & BACK HOUSE, LTB.

tek Agents,

[338

Hongkong, 1th February, 1947. ?

NIPPON YUSEN KAISHA. "NOTICE TO CONSIGNEES.

FROM JAPAN PORTS.

CONSIGNEES of cargo for Hongkong per

: 8.5.`** WAKASA MABU”

THE SILVER QUESTION.

Messrs. Macoth and Goldsmid's an- nual circular contains interesting com ments on the silver question It,, states that the failure of the Banque Indus trickle de Chine was largely responsible for buying by China during the second half year and was a very important factor in the market. It was due to the fact that silver was over forty-pence per Heavy buying" on China account and large continental". sales were features of the market. Fluct Hongkong, 3rd Febaury, 1922,

ounce this autumn.

are hereby Notified that owing to the strike of cargo and Wharf cooles, osrgo for Hongkong will be carried on to Bingapore and landed at that port. Consignees are therefore recon- mended to make the necesary arrangements respecting insurance etc. accordingly The care ill be returned to Hongkong immediately conditions at this port become normal."

NIPPON YUSEN K÷ISHA,

Agenta.

[338

INCREASED TOURIST TRAFFIC. Competition has remained as keen as ever, but notwithstanding this factor our gr038 earnings show an increase of $12,463.37 over the figures of the previous year. Ordinary freight traffic remains fairly steady and regular and the increase is principally in the foreign passenger traffic, attributable to the gradual in- provement of the tourist business. Our neth earnings in comparision with the figures of the previous balance sheet are untions of Continental Eastern and Ame- marked by a decrease of $27,212.23, which rican exchanges brought most of the is due to the advance in salaries and uncertainty into the market. The pro- cmoluments of the European floating staff duction of the United States is reported THE BEN LINE STEAMERS LIMITED, and the increased cost in the price of coal | to have decreased. The amount purchas You will be interested to hear that ined under the Pittman Act is estimated

- 8/8. "BENM JHB " the period which has elapsed since the at eighty-five million ounces and na the

FROM ANTWERP, MIDDLESBRO." accounts now before you were completed total amount to be replaced under the

LONDON AND STRAITS. the conversion of our Canton properly act is two hundred and seven millions it into a bouded godown has been effected is clear that, at the present rate of pro-

ONSIGNEES of cargo per the above- and the property has been leased under duction it will be some years before the

mentioned" atester are hereby notified favourable terms.

operation is complete. Should the large that owing to the existing, strike, conditiona I trust you will approve of the various supply of continental silver continue, cargo for Honghong is being carried on to donations made during the year to there is little reason to anticipate an im. Shanghai where it will be landed and whence it charities. The only item among these portant recovery till the export, trade off will be retamed to Hongkong when conditions, figures which requires explanation is the India and China materially improves, at this port permit. ⠀ donation to the widow of the late Mr. No purchases have been made on account A. J. d'Eca. The deceased formerly was of any Governments except the Nether- a parser and at the time of his death lands, British and Continental Govern had served in the Company's offico forments. Demand for industries shows the Bote ten years.

I do not think there are any other items in the profit and loss account calling for

repairs to ateamers attention, except The reason why there is such a heavy increase is due to the constant higher charges for docking and repairs.

Subject to your approval, the Directors have again set aside. bonus for the office staff of 86,361.16, representing 20

decrease has been more marked," in view of the high prices obtained last year for marrafactured goods and old plate.

home leave of our Secretary, last year, and I am sure shareholders will share the views of the Chairman în marking our

Consignees are accordingly recommended to make the necessary arrangements as regards Insurance etc.

GIBE, LIVINGSTON & CO. LTD. Agents. Hongkong, 4th February, 1912 4. [33%

NOTICE TO CONSIGNEES.

AMERICAN AND ORIENTAL LINE

ONSIGNEES

“OCEAN MONARCH" from New

tangible appreciation of their services in GS of Cargo for Hongkong per per cent on the salaries for the year. voting them a bonus of 20 per cent. on York are bereby notified that owing to the With strike of Cargo and Wharf Coolies, cargo for As to the financial resulta of the pre- their salaries for the past year. sent year I must decline to prophesy. I regard to the Chairman's remarks on the Hongkong is being discharged at Shanghai and can only say that every detail of the attitude adopted by our Directors in the landed at that port. Consignees are therefore business is being watched with indus. present seamens' strike I need only re- recommended to make the necessary arrange trious care by your Board and Secretary mark that their action has the endorsements respecting murance etc. accordingly. With continuity of policy on the presentment and full support of every share. The cargo will be returned to Hongkong lines of working, we can only look to holder in the Company, As our Chair immediately conditions at this port become more settled conditions in the Southern man has implied the issue is one affect settled.

THE BANK LINE, LTD. Provinces to assure to the Company a ing not only the interests of the ship- period of equal or greater prosperity than ping of the Colony, but every other trade Hongkong, 6th February, 1922.

General Agents.

The report and accounts were then approved.

has hitherto been experienced."

The CHAIRMAN also made some observa- tions about tho seamen's strike which will be found in another column.

Mr. M. 8. NORTHCOTE said:-It giveà me great pleasure, Mr. Chairman, to con- gratulata you on the excellent accounts you have placed before us, and also on the statement you have made. I do not see in the balance short, or in the profit and loss account, any entry at which anyone can cavil. On the contrary, hav- ing regard to the report, which explains the entries so clearly I think we have reason to congratulate ourselves as well as you, our Directors and Secretary, on the very excellent report laid before us I understand the office staff worked well under Mr. Ellaria, during the absence on [Continued at fool of next column.)

and industry.

RE-ELECTION OF DIRECTORS.

I

It was proposed by Mr. Figuereido and seconded by Mr. Chau Taui Nin that Messrs. D. G. M. Bernard and P. L. Kmight be confirmed as Directors."

The resolution wag carried.

Means. D. G. M. -Bernard and P. L

Knight were then re-elected as Directors on the proposition of Mr. Chay Sin Ki, seconded by Mr. Ellis.

It was proposed by Mr. R. E. Balilion, seconded by Mr. Lossius, that Mesera. Bernard Brown, AC.A., and A. R. Lowe, F.CA, be ro-elected auditors for 1922 at

remuneration of $500 each.

This was approved and the meeting concluded.

4. "PYRRHUS are hereby notified that Hongkong due to strike of seamen, sto. cargo.. owing to the present state of affairs in for Hongkong will belanded at Shanghai and consignoer age recommended to make necessary arrangements as to insuranes etc. accordingly.

cargo will be

brought back to Hongkong immediately conditions at this post become

BUTTERFIELD & SWIRE, Agents: Hongkong, February 6th, 1922. [359

NOTICE TO CONSIGNEES. OCEAN STEAM SHIP COMPANY, LTD. CHINA MUTUAL STEAM NAVIGATION COMPANY, LTD.

on "CHAUCUS are hereby notified YONSIGNEES of cargo for Hongkong per that owing to the prewat state of affairs in Hongkong due to strike of seamen, etc. cargo. for Hongkong will be landed at Shanghai and consignees are recommended to make necessary immediately conditions The cargo will be brought back to Hongkong

at this

port became normal

BUTTERFIELD & SWIRE, Agenta: Hongkong, February 6th, 1999

TOYO HISEN KAISHA..

NOTICE TO CONSIGNEES "TENYO MARU” VOYAGE 66 OUT.

FROM SAN FRANCISCO via HONOLULU JAPAN PORTS & SHANGHAI. ONSIGNEES of cargo for Hongkong arrived by the abare named steamer on February 1, 1900, are hereby notified, that their cargo will be discharged into the Hongkong & Kowloon Wharf & Lodown Co's No. B Godown at their risk.

Storage will be assessed on cargo remaining underlivered after February 12th.

All broken, chafed and damaged packages. will be landed into the Kowloon Uodawa, and date of examination will be advised later.

No claims will be recognised after goods have left the Godown, and none will be entertained if presented later than three weeks from February 7th.

No Fire insurance whatever will be effected.

Y. TSUTSUMI, Manager.

Hongkong, February 6th 1922.

1348

NOTICE TO CONSIGNEES. THE P. & O. 8. N. Co.'s Steamer

"LAHORE " Arrived Hongkong, February 6th, 1928. FROM BOMBAY

ብነ

by the above-named:

Consignees of Carged that their goods vessel are hereby are being landed and placed AT THEIR BISE in the Hongkong and Kowloon Whart and Godowa Company's Godowas at Kowloon, where each Consignment will be sorted out Mark by Mari and delivery

landed can be obtained as the Goods ars-

Optional Goods will be lazi

be landed here unless instructions have been

given to the contrary sir hours before arrival of Steamer.

Goods not cleared within 8 days, including date of arrival, will be subject to rent.

No Fire Insurance will be effected by us ny case whatever

Godangod packages must be left in the the Company's Surveyor, Mears. GODDARD & for examination by the Consignees, and Dovozas, at 10a.x. on MONDATS and TSDATA All Claims must be presented within ten days of the Steamer's arrival here, after which date they cannot be recognisel.

No Claims will be admitted after the Goods have left the Godown.

[846

MACKINNON, MACKENZIE & CO.

Agenta. Hongkong, January 6th, 1942. (35

NOTICE TË CONSIGNÉES PENINSULAR & ORIENTAL STEAM NAVIGATION "COMPANY.

CONSIGNEES of Cargo for Hongkong per 32 KHIVA". are hereby notified that owing to the strike of Cargo and Wharf Coolies, cargo for Hongkong has been landed at Singapore and Consignees are therefore recommended to made the necessary arrange- The cargo will be forwarded to Hongkong mente roepec, ing insurance eto accordingly. immediate conditions at this port become settled.

MACKINNON MACKENZIE & CO.. Agentr Hongkong, February 6th,

FOR SALE.

Large Brook of New and Second-hand

STEEL DRUMS

GALVANIZED

(capacity 50 & 100 gallons)

Price very moderate

¿Apply to KWONG SANG HONG LTD. PO Box 320 Hongkong