1922-05-20 — Page 2

THORNYCROFT

JOHN I THORNTUROFT a 00., LIMITKU,

SKIPOILDÆy" and Emain AR KO

LORDƏN, SOMPALARION

AND RERINGENDA

Skanghai Olce: 10. Kirkbang Road.

THE HONGKONG DAILY PRESS, SATURDAY, MAY 2010, 1922.

15 B.H.P. 30 B.H.P. 50 B.H.P. Engines in Stook

For quotation apply-

Wear Palm Beach Suits.

The genuine Palm Beach cloth has washing qualities never before equall ed. No dyes are used in the natural Palm Beach shade, which is the most popular in the Palm Beach range of patterns

so you can feel perfect security in washing your sult as often as you please.

╗་

We have in stock all sizes in the Natural, Grey, Fawn and Brown shades.

CALL AND-INSPECT THEM AT

MACKINTOSH

|

& CO., LTD.,

Men's Wear Specialists. Alexandra Belding, Des Yeux Road.

SHANGHAI UZRIOS.

W. S. BAILEY & CO, LTD.,

ENGINEERS AND SHIPBUILDERS, KOWLOON.

Tug-boats, Barges, Fast Launches. River Steamers,

and Motor-vessels.

Constructional Work and Repairs of All kinds.

Cables: SETBOURNE:

Telephs:

Works (day)

K21. Manager (night)

...K.633. Seri stury

...K.369. Harbour Engineers... E.604 K.622.

HONGKONG

HOTEL

GARAGE

TYRES AND TYRE SERVICE.

BUBBER

Size

UNITED STATES

TYRES AND TUBES New shipment just arrived. Ex: 8.8. Suraga

Inch Sizes Fabric

Clincher,

Millimeter Sizes Fabric

Glinober

Tyros

00'838

875

105

885 *

816 880

880 x 895 *

Inoh Sizes Royal Cord

Btraight Side Non Skid

86.00

8:00 116,60 9:76 120,00 10:50 192.00 11,00 130.00... 136.00

11.50

11.7

∙12.0

1205

3:00

180.00

25.00

36, 6

IN

Inch Sizes Nobby Core

Straight Side Non Brid

WE SPECIALIZE

VULCANIZING AND RETREADING

having recently installed

THE MOST UP-TO-DATE PLANT IN THE

SHOW ROOMS ;

PELDER STREET.

COLONY

WORKS: RUSSELL STREET:

| COMPANY REPORT.

FERRY COMPANY, LTD.

COMPANY MERTING. CANTON INSURANCE"OFFICE, LTD. | "STAR"

The forty-first Ardianes meeting of this The report for presentation to share Company was held at Messrs. Jardine, holders at the threaty-fourth crilinary Matheson's Board-roon, yesterday. Thery annual meeting states :~-~ were present Mr. D. G. M. Bernari The Directors have the pleasure to (Chairman), the Hon. Sig Paul Chater, 'authuit to shareholders. their report, with Sir Robert Ho Tung. Messrs. A. M. statement of counts, for the year Bowes Smith. E. J. Chapman, T. ended April 30th, 1999. Peart, H. W. Samoon, H. P. White, The nets earnings of the hours after (consulting, Cominitter): Mr. F. C. Hall | paying all working expenses, amghated (scervtary); Messes. W. E. L. Shenton, to $123.19. as against $133,614.87 the A. Murdock, W. L. Leask. Chau Sin-xi, previous year.

KIDNAPPERS SENTENCED.

MALAY WATCHMAN AS.

DETECTIVE.

A Malay watchinian employed on the 4. Krong Si, who clerheard two kil pappers talking on the journey from anton to Hongkong' was the meats of bringing both of them te book and in baving two kidaåpped children geturned to their parents in Canton.

PREPAID

WANTED!

ADVERTISEMENTS

Letters are bring at thìa Difce for Bores A, L, JWB WX, QW, RF, RG,

RB. RL, RX, HW, RU.

LET-Furnished Kowloos, six Tished in Morosanus. servants quarters, kitchen and pantry. Fire minutes from the ferry. Apply S.A.. oo Daily Piss Office.

Miss

LET-OFFICES top door, Prince's Buildings-Apply HARRY WICKIN & Co. TO LET at Magazine GR THE FOR

At the Magistency yesterday beforë Mr. Fraser the men were sentenced to | W ANTED EMPLOYMENT-By'a lady six months imprisement ruch and in N. Buuris, Ashley Rd, Kowloon... a Maassuro, Good reference. Apply a

addition ortiered six strokes of the birch. Telephona 616, et 6 p.m. Ho Fook, Le Cheung-siu, G. W. Barton, The amount at credit of profi; and G. H. Piercy, J. Arnold, Ho Leung, Loloss account, after paying for repairs and trate that sometime ago the father of one Inspector Caygill informed the Magis. Man-hin, Ho Shai-kit (shareholders).

The CHAMAN said:Centuin-Beretirement, allowing for Directors' and work in Canton. On this occasion he wa

bonus to superintendent engineer of the children was returning home from

immediate "occupation, FULLY fore dealing with the business of the Auditors' fees and depreciation and

NISHED Sir Roomed BUNGALOW -with

On Motos meeting, I wish to record the deep regret placing $10,000 to credit of accidents son playing near the temple in large Gardens, Tonnis Court, etc.

Ho Nam. of your General Agents and Consulting fund including $3,997.08 brought, forward, child and another boy were reported missToner & Shanghai Banking About three hours later the Road. Apply to Mesra, BRADLEY & CO, LTD.

LET-One big OFFICE ROOM- Committee at the untimely death of Mr. is $154.619.41, which, with the approval ing. The watchman whilst going his Francis Maitland, and to convey to his of shareholders, it is proposed to appro rounds on the Kwong Si at Cantor LEE, of Compradore Department, Hong! ong Corporation new premises. Apply SANG relatives and friends our deeprat wm-priate as follows:-

the two defendants coming où boned from † & Shanghai Bank. pathy with them in their bereavement, To pay a dividend of $2....$ 50,000.00 n sampan with two boys. His suspicions Mr. Maitland first took his set on the To pay a bonus of $1.

were aroused and during the journey he To carry forward and 1-07 Consulting, Committee in

made it his busness to watch the move daring the twenty-five years that have

#134,619,41 | ments of the kidnappers. He overheard kiner elapsed, he has done much towards i

parts of their conversation with the assisting the Company to arrive at its

children, which whs in the nature of a present condition of prosperity.

lesson of instructions to the names by The report and arcourts having now through profit and loss account, and not which the men were to be known to the been in your hands for some days, I dealt with in the report as in previous children. They were to be called "undle" and on no condition were they to state propose, with your permission, to followers,

Directors In accordance with the where they une from

The watchman the asta custom of taking them aɛ read.

Le is my pleasant duty to meet you Articles of Association the Hou. Mr. A. reported the matter to the Captain. who again at this the forty-first annual meet. 10. Lang retires but being eligible offers gave orders for the men to be detainedt office and godowa

ing of the Company with another satis

40,000,00 3.4.610.41

Accounts, At the request of the Auditor, depreciation is written off

himself for re-election.

factory report.. This is particularly gratifying in view of the very serious dificulties with which Marine Lader HONGKONG YARN (MARKET. Į the Secretary for Chinese Affairs and ou writers have had to contend during the

Messrs. Polishwalla and Of these

Kotwall, years 1918 1919 and 1920.

years, the inst bas proved to be one of cotton and yarn brokers, of Hongkong the most disastrous periods experienced i by Marine Insurance Companies for It is difficult to say if some years. things have new taken a turn for the better. Your General Agents and Con sulting Committee, however, are adopt ing a conservative policy, which they feel confident will be fully justified by results: "

their trade circular say; -- Since our last report on April 21st, our yara market. during the early part of the interval, had kept very quiet with out any inquiry with a further decline of $1 to 30 per hale,

In the midst of this depressing" bondi-

How serious the present times aru for all connected with Marine Insurance can tion, a sudden big demand from Yunnan be readily ascertained by referring to and other adjoining markets for 10 and recent numbers of our leading Shipping

on the arrival of the vessel at Hong- kong. Later the boys were taken before

their information the watchman was sent back to Canton to find the parents. In children was thus preved and likewise the this be succeeded. The identity of the

case for the prosecution.

In answer to the charge the second de- fendent said that he was taken away with the children by, the first defendant; this man on being questioned denied the whole story

Evidence was taken

at great length and both men were sentenced as stated above,

and Insurance Journals. The affairs of128 yarn, has enlivened par market and JAPANESE CONSULAR CON="

Continental Chinese huyers in their zen to complete some twenty Home and Companies have been put into the hands their orders have made targe` purchases of liquidators, while others, doing a com- posite business, have closed down on this which has resulted in the sale of about 9,000 bales within the last ten days. with part of their operations.

an advance of 82 to 4 per bale.

Turning to the Accounts, it will be seen that although there was very consider able increase in premium income in 1990 over the previous year, the balance only about $6,000 better, and the bears out

my remarks with regard to the poor quality of the business during the year, The fall in exchange from 3/11 on the 31st December, 1990, to 2/7 od 31st last, has helped to increase somewhat the showing of both income and balance. Premium incdine for, the year 1921 shows a decrease on that for 1990, 21 the same period, of some $600,000. This is largely due to the present world-wide

depresio policy that is being followed

cautions

The balance of 82,539,852.00 is well up to average, however, and with moderate good fortune we think a successful out turn to this year may be anticipated.

Analysis of the balance-sheet will show that our assets, as expressed in sterling, stand at a lower figure than a year ago, while on the other hand, as expressed in dollars, they show a substantial increase This is the result of lower exchange, Ali Our reserves are in a sound condition, The only one calling for special mention is the Investmens and Exchange Fluct uation Account. There is 8334,404.02 32 the credit of this account, which is das to the substantial appreciation in gold securities and the fall in exchange.

The surplus to be dealt with is $1,043,050.19, out of which has been paid an interim dividend of $18 per share. We now recommend the payment of a final dividend of $17 and the transfer of the balance amounting to 2009,630.19 to underwriting suspense account to close 1990 and previous years. The balance of $2,339,039.00 at credit of 1921 account allows of the payment of the usual interim dividend of 818 for that year.

!

CLAVE AT SINGAPORE.

Instructions have been issued by the Japanese Foreign Office, for a meeting in Singapore of the Japanese Consulari Service of the most important cities in the East. It is understood, that the meeting will be held privately at the re- sidence of the Japanese Consul-General. Singapore about the end of the month. The representatives are expected at

Among the representatives will be the following: Acting Consul-General Kiichi (Saigon),

TO LET.

From 1st July, 1922 or Earlier if Required.

UITE of & OFFICES, 2nd FLOOK

16, 16, 17, 18 & 19 Connaught Rad Central, Verandahs to each room FACING HARBOUR, LIFT from the Ground Floor Apply Box 750 ao Dail Press Office [750

FOR SALE.

AND, approximately 7,000 square feet on storied brick and concrate building aitable for

waterfront at Swator with modern

Further details apply

485]

W HUMPHREYS & Co

FOR SALE

TEAM LAUNCH. Dimensions. Length

Overall 65 ft., Beam 10 ft., Depth st.. 7 inosen. Hall of Bardwood underwater with

Teak top, aides, & deck. Frames of Ipol. .....

Engines €!" 13"

Boiler 4 ft. 9 inches dia, 8 ft. 6 inches long... Speed knota

For further particulars apply to PO Box

[980 474, Hongkong.

FOR SALE

AFSOLUTELY NEW

(1) Two 80 BHP Single Cylinder Bolinder Oil Engines. Hers. 255 per minute. (3) Two 60 BHP two cylinder Bolader direct connected to 23 KW. Engines

115 Volt cirect current (compound wound dynamos complete with back if board Held rheostat för each machise. (3) Two oil fuel tanks capacity of caob 20

tons.

9401

Apply to Bolinders,

C/o Daily Press Office THE CHINESE ENGINEERING AND MINING CO, LTD.

G

FOR THE YEAR ENDING 20TH JUNE, 1922.

There was every indication of this healthy tyne continuing for some time, but the alarming news of an ever in political unrest spreading creasing throughout China, is constantly keeping burers in great anxiety as regards their Gunji. (Hongkong), Chancellor Shibata, PAYMENT OF ISterin Dividend SHARES. future most, uncertain business position (Sydney). with up-country dealers; hence ne the Consul-General Matsumoto (Batavia), close the market remains quiet.

Unsold stock 9,000 bales; Bargain stock in Chinese hands 16,000 bales,

Shanghai, Chinese merchants are giv ing special preference to locally manu

factured yarn by so it is the in good demand. hehee busine Indian yarn during the whole interval, wide field had been on a very limited scale.

Consul Furuwa

Ju

be

Coupon

their on

paid the the Bearer Shares, and Dividend Warrants on Registered Shares, on or the 15TH BAY, 19%, to ither of the following Banks at Shanghai or · Tientsin:-

THE HONGROND & SHANGHAI BANKING

CORIORATION.

Chancellor Seki (Bombay), Consul Hay-THE Board having declared an INTERIM DIVIDEND of Two shillings per share ashi (Colombo), Consul Fushi (Rangoon), free of Income Tax, for the year ending 30th the Japanese Minister Yada (Bangkok), Juna, 1922, holders of Bearer Shares and Vice-Consul Shibasaki (Davao, Philip holders of Dividend Warrants received from d will pie), Clap wag Soarabaya) and London on a divine of segi pensenting No. 20

new Japanese Minister to Siam,

for discussion caver in The matters

including co-ordination between thu Consular Services in the East especially with regard commerce, banking methods and ship- ping. The question of the social side of Japanese communities domiciled in for! eign lands especially with regard to the limitation of prostitution and its co- ordination by all Consulates so that the evil should not merely be stamped out in one place merey to be transferred to an- other.

Japanese Yarn.-The Chinese dealers finding present low prices very favour Jatie, large lots have changed hands.

Raw Cotton-Market is very arm. Few transactions have passed during the interval as under: 50 bales Bengal at g2 to 333; 300 bales Chinese at 829 to $13. Quotations: Bengal at 831 to 834 per picul: Chinese a 50s to 843 per picul.

I cannot think of anything further that calls for special reference, but I shall be pleased to answer to the best of my ability any questions arising out of the accounts which shareholders may wish to put after the accounts themselves have been duly seconded.

.

•

THE MANILA RAILWAY.

A QUESTION OF EXCHANGE PROFITS.

to

An interesting discussion took place at the meeting of the Manila Railway re- I now propose the following resolution: garding the use of the exchange profits. It is only these profits on exchange which That the report and accounts as

permit the payment of a dividend. Mr. presented, including the payinent of a Bradshaw, a large shareholder, took the final dividend in respect of the year view that these fortuitous" extraneous 193) of 17 per share, and of an exchange profits should be allocated to interim dividend in respect of the year the purchase of the epmpany's debentures 1921 of 218 per share, and the addition in order to secure a future permanent of 8899,630.19 to Underwriting Suspense income. The debentures, now

quoted Acount be adopted and passed.”

round about 60, are redeemable at par in Mr. W. E. L. SHENTON seconded and 1939. The opinion of the chairman, Mr. the report and accounts were passed.

REMUNERATION OF DIRECTORS..

The question of paying a larger divid end in view of the increased income from interest has received the most careful consideration by your. General Agents and Consulting Committee. They are of opinion, however, tha at the present time no increase should be made. "In the

C. J. Cator Scott, was that the object unsettled period through which we are

of the reorganisation scheme, carried out passing it is desirable to strengthen "our The Chairman said: The next business some time since, had been to enable reserves us muck as possible, and thereby on the agenda is the re-election of the dividends to be paid. Several sharehold retain the confidence of the insuring Consulting Committee for the casuing ers supported him in this view, pointing public.

year. As stated in the report, all the out that they had waited a long time In this connection it may be of old members seek re-election, and Mr. for any return on their capital. interest if I quote the following extract Herry Humphreys has accepted an in- From the Financial News of the Sth vitation to join, Under the Articles of March this year:

Association, the Consulting Committee "The recent failures, together with remains 28 hxed at the general meeting, unfortunate experiences in connection until altered by a subsequent general is the latest of the Enger operated eye- with claims, bave persuaded the insur-meeting. It all the present Consulting glass mounting and has been designed to ing public that there is much to be Committee are re-elected and Mr. Henry avoid all the objectionable features of said for good security at a fair price, Humphreys is also clected, the Committer

་་

FITU PINCE-NEZ

against failed companies or quibbles will consist of nine instead of sight as this type of mounting. The long coil over claims, which are the result of formerly, and it will be necessary to pass springs of the Fit-Upravent spring taking the cheapest rate to be obtain a resolution in connection with their ed. If one thing stands out more than remuneration.

The proposal is to in- breakage, and can be instantly adjusted another in connection with the bad crease the remuneration paid by the to give more or less pressure on the nose. times through which the market is still Company from $16,000 per annum to The Boss clips are of special shape to pasning "it is the triumphant way in 818,000 per annum, and I feel sure this

which the old-catablished companies will commend if to shareholders. prevent slipping. Fit-U Pincenes of

and Lloyd's underwriters, have sur

On the proposition of Mr. Ho Foox, metal are obtainable from The Hong mounted their difficulties, and it be seconded by Mr. J. Arsoy, the proposal kong Optical Co., successors to Clark comes more and more evident that in was approved,

marine insurance, an in every other Mr. Sale BEI proposed, and Mr. & Co., Manufacturing and Esirasting class of vasurance, security lathe ALO CHEURO-anto seconded, that Moser. A. Opticians, the most competent optical and foremost consideration, and that B. Lowe, F.0.A., and Mr. H. Pero manufacturing establishment....... înỉ the trus programa can paly be made slons Bmith, F.C.A., be elected auditors for Colony-located in $53, Queen's Boad conservative lines,"

(Continued at fog) of neel column,).

Central

| the ensuing year.

The motion was carried unanimously.

Taz

CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

ΤΗΣ

RUED ASIATIC BANK

THE BANQUE BELG & POUR L'ETRANGER, The payments will be made in either Dollars or aels, as the holder may wish, at

the day. the bus ing rate of exchange of

GENERAL MASAGER KAILAN MINING ADMINISTRATION.

G.

[1000

R.

PUBLIC AUCTION.

Tour to sell by Pablle Auction,

HE Undersigned have received instruc

THURSDAY,

the 20th May, 122, at 5.30 a.m., at H.M. Dockyard, Hongkong, and H.M. Dockyard Kowloon." STEEL AND METAL SCRAP, WINCHES, WOOD CASKS, STEEL FILER TUBES, OLD BRASS CONDENSER TUBES, LEAD. - INGOTS, MISCELLANEOUS MACHINERY, HOSPITAL STORES,

Naval Dockyard Launches will convey intending purchasers to Kowloon on comple tion of rale of lots in Naral Yard, Hongkong.

On view day before sale. Terms -Cash on delivery.

HUGHES & HOUGH, By Appointment Auctioneers to the Admiralty. Hongkong, 18th May, 1999. [1001

Take it !

take it to the beaches

K

for without your plature taking outfit, hail the plenare of your holiday will be gone,

Come today for a supply of fresh films, and perhaps a new outfit, too..

We keep open during Sun- days and holidays, so that piotaire. enthusiasts will always find us ready to supply their anta

& Co.

28, Des Your Boad, Cential Hongkong.