AN INTERESTING PROBLEM.
THE SURPLUS OF MUTUAL INSURANCE COMPANIES.
THE HONGKONG TELEGRAPH, THURSDAY, AUGUST 31, 1899.
the amount of the surplus, that it may largely increase its reserve fund for the security of its policy holders, or that it may make deductions to cover contingent liabilities..
RIGHTS OF PROTECTION,
"The company" he holds, may take all In view of the great strides made in the insurance business during the last few months, prudent mingeinent to insure the prompt pay. steps which are demanded by a wise and the following clipping from the New York ment of losses and to successfully carry on the. Herald of May 3rd last should prove of inter-business. But when it has once determined ast both to the assurred and also to those con-
what the surplus is, it must, under its contract templating the taking out of a policy
with this plaintiff, made an equitable distnbu tion, not of a portion of the fund, but of all of It. That is the essence of a mutual insurarke contract.
MILLONS FOR ALL POLICY" HOLDERS. If the Court of Appeals sustains a decision handed down by Judge Woodward, in the Appellate Division of the Seenul Departent yesterday, changes amounting almost to a revolution in the conduct of life insumate business in this State will result.
If this, decision stands, persons holding en- dowment policies in New York companies will derive much larger benefits from their policies than they had reason to expect, as each policy holder's share of the annual profits of the coin- pany in which he is insured will be based on the total surplus of the company, instead of on a stated portion of that surplus.
Judge Woodward in his decision takes the ground that directors of life insurance com. panies have no right to use discretion in den ing with a company's surplus. He holds that the directors cannot legally set aside a certain portion of the income as a basis upon which the earnings of policies shall be estimated.
He makes it clear that such earnings must be based upon the total surplus of the company.
In his decision Judge Woodward is upheld by Judge Cullen and Judge Hatch Judge Goodrich, dissents, he holding that directors of insurance companies have the right to exercise discretion in the matter.
Judge Woodward's decision was in the case" of Emil Greeff against the Equitable Life Assurance Society. Greeff took out a policy in that company in 1882. The policy was what is known as an endowment policy, to mature fifteen years: It matured in May, 1897, The charter of the company provides that its business shall be conducted on the mutual plan, and that each policy holder shall be credited with an equitable share of the surplus.
Greeff's policy was for $20,000. When it be caino due in 1897 the company paid the face of the policy, together with $3,932 as Greeff's $7,087.18 additional, which he holds is due him under the provision of his contract that he. should participate in the net surplus of the
capital, of $100,000, has a surplus of over "This company, organized in 1859.with a
$300,000. If this surplus is not to be divid ed among those who have paid the premiums but is to go eventually to the stockholders, the institution is builded upon a false pre tence, for it has held out to its policy holders the promise that this fund should be distributed among them, and it has avoided its taxes to the State upon the proposition that the fund was held for the exclusive benefit of the assured."
Judge Woodward concludes :--
"The pleadings clearly indicate that the de fendant owes the plaintif an amount equal to that which is claimed, and if it does not the the action. Copeeling the facts stated in the matter may be determined upon the trial of pleadings, the plaintiff is entitled to judgment, and we conclude, therefore, that the interlocu tory judgment appeated from should be revers fed and he demurrer overrulat, with costs."
Judge Woodward in this decision overrules a decision hande: down by former Judge Jo seph F. Daly, who ruled against Greeff when the case first came before the Supreme Coun.
THE DISSENTING OPINION, Judge Goodrich in his dissenting opigion sustains the position of former Judge Daly. The holds that in general only the directors of any corporation have the power to decide what- amount or share of its earnings is to be applied in dividends, and that he can see no different principle which limits the authority of the directors of this society to decide what part of the surplus is to be distributed to the policy holders at any particular perical. MILLIONS OF SURPLUS MAY BE DISTRIBUTED. If the Gourt of Appeals sustains Judge York. Companies alone may have to divide $13,066,567 among their policy holders.
Shipping. STEAMERS.
FOR MANILA (Taking Cargo at through Rates for ILOILO.) THE Steamship
"URANUS,"
Captain Landa, will be despatched as above TO-MORROW, the 1st September, at Noon.
For Freight or Passage, apply to
BRANDAO & Co., Agents. Hongkong, 31st August, 1899.. Etro4a EASTERN AND AUSTRALIAN STEAM- SHIP COMPANY, LIMITED,
FOR SYDNEY ANDY MELBOURNE.
(Calling at TIMOR, PORT DARWIN & QUEENS- LAND PORTS, and taking through Cargo to ADELAIDE, NEW ZEALAND, TASMANIA, &c.) THE Sternship
"AUSTRALIAN," Captain' Helms, will be despatched as above TO-MORROW, the 1st September, at 4 P.M.
This well-known Steamer is specially fitted. for Passengers, and has a Refrigerating Cham- ber which ensures the supply of Fresh Provi sions, Ice, &c., throughout the voyage.
Electric-light,
This Steamer is installed throughout with the
A Stewardess and a duly qualified Surgeon are carried.
NB-Return Tickets issued by this Com pany to and from AUSTRALIA, are available for
Shipping. STEAMERS.
THE CHINA MUTUAL STEAM NAVIGA
TION COMPANY, LIMITED.
FOR MARSEILLES AND LONDON VIA STRAITS.
(Taking Cargoat through Rates for LIVERPOOL, GLASGOW, CONTINENTAL PORTS, RIVER PLATE, &c.)
THE
HE Company's Steamship "CHINGWO? TH. Harris, Cominander, will be despatched
as above on or about the 7th September.
For Freight, &c., apply to
HOLLIDAY, WISE & Co, Agents. Hongkong, goth August, 1899..
[975iL
BEN" LINE. OF STEAMERS.
FOR LONDON, VIA SUEZ CANAL,
HE Steamship THE
Entinations.
NOTICE.
EX-SCHOOLMASTER.
NIGHT SCHOOL for EUROPEANS, by an
Terps inderate, for Particulars apply
c/o This Office.
Hongkong, 18th August, 1899.
-
[10480
TO THE, DEAF!
RICH LADY cured of her deafness and noises in the Head by Dr. NICHOLSON'S so that Deat Persons who have not the means Artificial Ear Drums sent loco to his Institute
to procure the Ear Drums may have them free, Apply by letter --C. G. BRIGHT, Secretary, 34, Bow Lane London, E.C
[72
LEVY HERMANOS.
JAMOND MERCHANTS, JEWEL
LERS AND WATCHMAKERS. Sole Agents in the East for the amalgamated CLEMENT, HUMBER and Gladiaton Co., Ld, Captain Potter, will be despatched as above | DUNLOP TYRES'S BICYCLES-PRICE...$160. - on or about the 8th September.
A special reliable Watchy made for this Climate.
Quality A.......... Quality B........................
BENVENUE?
For Freight or Passage, apply to
GIBB, LIVINGSTON & CO., Agents. Hongkong, 28th August, 1800.
[127]
UNITED STATES AND CHINA-JAPAN STEAMSHIP LINE.
FOR NEW YORK, VIA SUEZ CANAL.
return by the Steamers of the CHINA NAVIGATE Steamship
Co.,
TION COMPANY and vice versa.
For Freight or Passage, apply to
GIBB, LIVINGSTON &
Agents, Hongkong, 19th August, 1899. (ros4a EASTERN AND AUSTRALIAN STEAM- - SHIP COMPANY, LIMITED. FOR MANILA.
THE Steamship
"AUSTRALIAN," Captain Helms, will be despatched as above TO-MORROW, the 1st September, at 4. P.M.
This well-known Steamer is specially fired for Passengers, and has a Refrigerating Cham visions, lec, &c., the voyage.
· "INDRANI,” Captain Campbell,, will be despatched as above an or about the ith September.
For Freight, apply to
[1065a
JARDINE, MATHESON & Co., Agents. Hot gkong, zand August, 1899. UNITED STATES AND CHINA-JAPAN.
STEAMSHIP LINE. (ROUT. M. SLOMAN & Co.-Hamburg). FOR NEW YORK VIA SUEZ CANAL:
THE Full-powered Steamship
*PISA,"
share of the surplus. Greeff now claims Woodward's hisanince decision, three "Newber which ensures the supply of Fresh Pro-Captain Feuch, will be despatched as above on
company...
He says that the amounts of the surplus an nounced by the company from 182 to 189 inclusive showed a net surplus of 843,277,179, of which his share should have been $7,087.98 more than he received, or $11,019.38 in all.
JUDGE WOODWARD'S DECISION. After reciting these facts Judge Woodward. 'says
"It is conceded that the plaintiff stands in o contract relation to the defendant, and that the defendant has stipulated in its contract that the plaintiff, during the continuance of the policy," shall be entitled to participate in the distribu- tion of the surplus of this society, but it is urged on behalf of the defendant that the plaintiff has forfeited his right-
insist upon an equitable distribution of all of the surplus by t the provision in the policy that the distri bution shall be made according to such prin- ciples and methods-as may from time to time be adopted by this society for such-distribution, which principles and methods are hereby ratified and accepted.":
NO DIVISION AGREED UPON.
"The learned trial court has adopted this view of the question, but we are unable to concur in the conclusion that the minds of the parties ever met in an agreement that the defendant should have the arbitrary power in distributing this surplus of the society to take out two-thirds of the surplus and to divide the remainder. The contract was drawn by the defendant, and is therefore to be construed most favourably to the plaintiff, where this construction does no violence to the letter of the contract.
"It is not within reason to suppose the plaintiff, who was paying $1,457 per year for this insurance, with the inducement held out to him that he was to participate in the distribution of the surplus of the society, had any other idea than that he was to participate in the distribution of all of the surplus declared by the defendant and the waiver or ratification which the defendant has inserted in its policies cannot be understood to go to the question of determining what portion of the surplus the society will distribute, but to the principles and methods of distributing the surplus when it has been determined.
-
1
"The charter of the company, which is made a public record by the provisions of the statue under which it is organized, may pro- perly be appealed to, at least for the purpose of aiding us in the proper construction to put upon the agreements contained in the polley, and in this it is-provided that the officers of the company shall cause a balance to be struck of the affairs of the company, which shall ex- hibit its assets and abilities, both present and contingent, and also the net surplus, after deducting a sufficient amount to cover all out- standing risks and uter obligations. Each policy holder shall be credited with an equita- bte share of the said surplus."
TERMS ON WHICH IT TOOK PREMIUMS, "The affairs of the company were to be conducted upon the mutual plan; the stock. -halders were limited by law to semi-annual dividends of three and one-half per cent, and each policy holder, was to be credited with an equitable share of the profits of the company after the deduction of an amount sufficient to meet all of the obligations of the company. This was the understanding which the com pw had of its duties, and obligations in act cofing premiums.
"It in effect stipulated, with the State as a condition of its being that it would place in the hauds of ite policy holders a contract embracing these provisions, and it cannot now be heard to say that it has, by a mere jugglery of words, kept this promise in form only to defeat if in substance. The substance of the contract, as set forth in the policy, construed, as it should be, in connection with the charter, is that the plaintiff shall be entitled to an equitable share of the said surplus N
Following is a statement of the surplus of three principal New York life insurance com which may be divided among the policy hold panies, estinated on a four per cent basis, ers of those companies if Judge Woodward's decision is sustained by the Court of Appeals Equitable Life Assurance Society..256.734.701 New York Mutual Life Insurance.
Company....................
44458,655 New York Life Insurance Company. 37,876,179,
Total surplus
..$139,066,567
PORTUGUESE RUINS IN、
ZAMBESIA.
во
Dr. Carl Peters gives an interesting account in the Times of some very ancient. Portugese ruins which he recently explored near the river Moira, a southern tributary of the Zambesi, in Portugese territory, nearly opposite Shupangs.. ile refers to a passage in the "Atlas Historique" (1705-19), in which it is stated that half a day's journey from the river Mansoro is the fort of Massapa, and near this is the great mountain in Furn, very rich in gold, and there are people who say that this name of Fura' is a corrup. tion of the name Ophir" It is then stated that in this mountain are Cyclopean ruins. It was to find these ruins that Dr. Peters made his Journey from the Zambesi a journey rewarded with success. The whole of the ruin," he abserves, "is built after the general ancient Semitic pattern. The Cyclopean which skirts the hill about hali-way betireen the bottom and the top; on the top the buildings, the hoarding place, and very likely the temple along the edge of the top lead me to believe were standing, The remains of a ground wall that a second wall formerly ran round the plat form itself. To explore the ruin properly it will be necessary to send a scientific expedition with a proper outfit for such excavations. The sure will have to be removed, and this I am old conquerors chose this spot for their fort is sure will take a considerable tine. Why the
easy to see. The Muira touches the bottom of the hill, so water was handy. A second river we have discovered at the back of the Fuin. From the top they had an outlook over the wide plain before them, while thy had the bulk of the Fura- commanded the plain as well as the mountain,” massive at their back. From their fort they
This Steamer is installed throughout with- the Electric-light
A Stewardess and a duly qualified Surgeon are carried.
M3Return Tickets issued by this Com- pany to add-from "MSNICA, are available for return by the Steamers of the CHINA NAVIGA- FION COMPANY and vice versig For Freight or Passage, apply to
GIBB, LIVINGSTON, & Co,
Agents. Hongkong, z8th August, 1899. (1098 THE OSAKA SHOSEN KAISHA, `LIMITED."
FOR SWATOW, AMOY AND TAMSUL
HE Company's Steamship THE
A "MAIDZURU MARU" Captain T. Ogata, will be despatched for the above ports, an SUNDAY, the 3rd September, at Daylight.
For Freight or Passage, apply to
MITSUI BUSSAN KAISHA, ·
Agents. Hongkong, 28th August, 1899. [rogoa
CHINA NAVIGATION COMPANY, LIMITED.
FOR TIENTSIN. THE Company's Steamship
"NANCHANG,"
,
-FRIDAY, the 15th September.
The Steamer has Superior Accommodation for First and Second class Passengers and has an Average Speed of 13.knots per hour.
For Freight or Passage, apply to
CARLOWITZ & Co., Agents. Hongkong, 30th August, 1899. [938 FOR NEW YORK via SUEZ GANAL. THE British Steamship THE
"ARGYLL,"
will be despatched for the above port on or about the 15th September.
S.S. "JOHN SANDERSON") At Intervals.... S.S. "AFGHANISTAN"......} of 2 weeks.
For Freight, apply to
[9412
DODWELL & CO., LIMITED
Agents. Hangkang, 30th August, 1899.
OCEAN STEAMSHIP COMPANY. FOR LONDON VIA SUEZ CANAL. HE Company's Steamship
THE
"PYRRHUS," Captain Batt, will be despatched as above on SATURDAY, the 16th September.
For Freight, apply to
BUTTERFIELD & SWIRE,
Agents, Hongkong, 28th August, 1899.
LINE.
[1093a
Captain Finlayston, will be despatched as above SHEWAN TOMES & COS. "NEW YORK” on SUNDAY, the 3rd September.
For Freight or Passage, apply to
BUTTERFIELD & SWIRE,
Agents, Hongkong, 24th August, 1899. [1075a
FOR SINGAPORE, PENANG AND
CALCUTTA.
THE Steamship
Captain E. Fey, will be despatched for the "ARRATOON APCAR," above Ports, on TUESDAY, the 5th September,
at 3 P.ML
For Freight.os Passage, apply to
DAVID SASSOON, SONS & Co., [ Agents. Hongkong, 30th August, 1899
{1108a CHINA NAVIGATION COMPANY, LIMITED.
THE
A
FOR MANILA. HE. Company's Steamship "CHINGTU,"
TOO MUCH FOR THE COUNSEL. Captain Williams, will be despatched as
London police court recently a witness was under cross-examination when he was asked by counsel, Do you drink?" Witness: Counsel; I call drink "drink what else That's all a question as to what you call drink. would you call it? Witness: Well, I certainly do drink, or how should I five Laughter.). Counsel: Do you drink very heavily? Witness: That's a question as to what you call heavily.. (Laughter.) Counsel: Do you ever take more than is good for you? Witness: J.drink until -I am shtisfied. (Laughter.) Counsel: Does.
take tong to satisfy you? Witness: No
above on TUESDAY, the 5th September,
The attention of Passengers is directed to the Superior Accommodation offered by this Steamer. First Class Saloon is situated for ward of the Engines.
Vessel is fitted throughout with Electric Light. A duly qualified Surgeon is carried and the For Passage, apply to
BUTTERFIELD & SWIRE,
Agents, Hongkong, 19th August, 1899. [1030a
2
_CHINA_NAVIGATION-COMPANY,
.: LIMITED.
PORTS, SYDNEY AND MELBOURNE,
THE Company's Steamship
THE
"CHINGTU,"
I have never noticed it. A little goes a long FOR PORT DARWIN, QUEENSLAND way with me. (Renewed laughter) Counsel: Now, come, come; do you ever take too much? Witness: No; unless you consider one cup of tea in the morning, one in the afternoon Counsel I am talking of intoxicants. Witness: Captain Williams, will be despatched an Oh, I am a teetotaller. (Loud laughter, Counsel: TUESDAY, the 5th September, at Noon. Then why didn't you say. so Witness: 1 asked you what you meant hy drink, and you said "drink, so 1. didn't know. (Renewed Iughter.)
AN EXTRAORDINARY STORY.
"I am
by
the Superior Accommodation offered by this The attention of Passengers is directed to Steamer. The First-class' Saloon is situated forward of the Engines. A Refrigerating Chamber ensures the Supply of Fresh Provisions during the entire voyage.
A duly qualified Surgeon is carried and the Vessel is fitted throughout with Electric Light, pany to and from AUSTRALIA are available for NB-Reum Tickets issued by this Com return by the Steamers of the EASTERN- AND AUSTRALIAN S.S. Co. and vice versa. For Freight or Passage, apply to
BUTTERFIELD & SWIRE, Hongkong, th August, 1899,- Exosza~
Agents.
"SHIRE" LINE OF STEAMERS. that they may
be absolved from a yearly com FOR NAGASAKI, KOBE, VOKOHAMA tribution of £50 towards his maintenance. At
AND VLADIVOSTOCK. heartless selfishnessed in believe that such THE Company's Steamship
actually existed, until I was she letters from one of the ladies in
"FLINTSHIRE," question which left no further doubt in my Dwyer, Commander, will be despatched for mind. Ye" he adds, "if these sisters were to the above Parts on or ahout WEDNESDAY, put an end to their brother's existence, there the 6th September, at 5 PM. yould be hundreds to contend that the motive For Freight or Passage, apply to of pecuniary benefit was totally inadequate to
SHEWAN, TOMES & Co., Account for such a crime, which must conse
Agents. quently be attributed to mental aberration." Hongkong, 30th August, 1999–2
Writing to the Daily Chronicle to protest against the readiness with which criminals are If a grocer entered into a contract with his pronounced by public opinion to be mentally customers to give them an equitable share of deficient, "B. A tells the following extraordi- the net profits of his business, after deducting aary story. Personally," he says, enough to pay ult of his outstanding or contin
acquainted with a case in which two sisters- goal obligations, with sevember cent interefemur tess than 24,000-have for years been the united annual Incene of whose husbands "nu one would contend that it was fulllling that contract if he put twanthirds of the net profits
trying to persuade a brutter incapacitated into a fund for his own use and then divided ill-health from work to commit suicide, in order the remainder. There would be nothing -equitable" about- that, and there is nothing equitable about the plan of apportioning the net surplus of the defendant.get
The contract ja that This policy, dunng. Its continuance, shall be entitled to participate in the distribution of the surplus of this society.
It is not a part of the surplus, but the sur- plus in which the polley is to share
Judge Woodward ways it is not disputed that the society has a large discretion in determining
FOR PHILADELPHIA AND NEW YORK.
HE New Steamship." THE
"PING SUEY," Captain C. de La Perrelle, will be despached- for the above Port, on or about the 5th October.
For Freight, apply to
SHEWAN, TOMES & Co. Hongkong, 21st August, 1899.
Consignees.
(rozoa
NOTICE TO CONSIGNEES.
FROM CALCUTTA, PENANG AND SINGAPORE.
HE Steamship
THE
"ARRATOON APCAR," having arrived from the above Ports, Consignees of Cargo are hereby informed that their Goods will be delivered from alongside.
Cargo impeding the discharge will be landed
at once.
Cargo-remaining-on-board-after the_ist_ September, at 4 Pat, will be landed at Con- signees risk and expense into the Godowns of the Hongkong and Kowlcon Wharf and Godown Co, Limited, at Wanchai.
PENAL G are requested to take IMMEDIATE Consignees of Cargo from SINGAPORE and DELIVERY of their Goods from alongside; such Cargo impeding the discharge of the vessel will be landed and stored at Consignees' risk and
expense.
No-Fire-Insurance-will-be-effected- Bills of Lading will be countersigned by
DAVID SASSOON, SONS & Co.,
Agents. Hongkong, 30th August, 1899, [1107a
GRIMAULT'S SYRUP
OP
HYPO-PHOSPHITE of LIME
·FOR DISEASES OF THE CHEST
All suffering from Catarrh, Con- sumption, Obstinate Coughs or Colds and those affected with disasses. of the Chest. Lungs and Bronchial Tubes, should tako
GRIMAULT'S SYRUP+fHYPO-PHOSPHITE/LIME) Prescribed by the leading medical autho- Titleqin.all.countries for the last twosiy five years with the greatest success, i continues to retain its reputation where oflotier medecines have failed:
Grimault's Syrup immediately acresis. the Cough,Spitting of blood and Mghts- weats, and the Appetite improves ra- pidly a fact soon domonstrated by an in- crease of weight und healthy appearance. Grimault's Syrup hasa rose colour, and is sold fuflat oval bottles. Beware of Imitations, GRIMAULT & Os, Paris; told by all Chamista
$16 ......$12
Intimations,
HOW TO PROVIDE
"FOR THE
FAMILY.
INCOME $50co; EXPENDITURE $5,000;
PROVISION NILA- INCOME $5,000; EXPENDITURE $3,500; PROVISION $3,000 YEARLY. OR an annual premium of $1,550 this Society will undertake to pay to the
family FOR
$3,000 PER ANNUM for a fixed term of twenty years, if the assured should die during the currency of the policy.
If he does not require a refund in money, The necessity for family protection being no tonger existent, the assaved may have a certain Fannity for his later years, of $71a guar anteed and $500 additional, for twenty-five gears certain; the latter sum varying only as the bonus payable in 1919 will vary from the bonus payable in 1899
When protection such as this, proportionable to every man's means, is within reach, let not-a DAY BE WASTED,
#, QUEEN'S ROAD CENTRAL, but apply for special example to the
Opposite the Telegraph, Office
THE
GENERAL CATALOGUE
AND
BUYERS' GUIDE
ISSUED BEMI-ANNUALLY BY
MONTGOMERY WARD & CO..
THE GREAT SAIL ORDER HOUSE.
Chicago, U.S.A.
IS THE MOST COMPLETE IN THE WORLD
11 h corollan 15,400 fly=gntions, about 60.000 unzations of pees, watgba se pounds, and contains proving prues, Beerstblux you war sar uma in Bintand der italet the trees quod place in leige gr
you th
son forstion? 2* Sesalonzees Weinst
1998 BLINKZarratx of godny a nil Buyers Lugo: aring je nay. Vabigredient you our im- mouro Fardhiten Mal some nee ng charge 110 you or as schee frein pondent nat "Hay- **** 45m Tate:” and oy (Eland Hook Cur Foreign lingers," whlehrey, nil informa slid over to put you in fine with ong TBIHIN! ila ur yogý dres god worl
fontgomery Ward & Co.,,.
111120 Michigan Ave., Chicago, U. 3, A.
ARBOLINEUMAVENARIUS
USED FOR OVER 20 YEARS.
With the Ulmast Success. Thoroughly reliable preservative for Wood and Stone against White Ants, Decay, Fungus Rot and Dampness.
Sale Agents for China." LUTGENS, EINSTMANN & Co. Hongkong. ith September, 1896. *
[to
KUHN & KOMOR,
JAPANESE FINE ART CURIOS, 21 & 23, QUEEN'S ROAD, HONGKOND, 35, WATER STREET, YOKOHAMA ant
36, DIVISION STREET, KOBE. Hongkong, 15th March, 1898.
M
THE LEADING CATERERS.
COMPARE QUR
[42
DNU, BILLIARD TABLES and
LIQUORS to all others.
THE GRILL ROOM. Hongkong, 1st September, 1897.
(39
MITSUI BUSSAN KAISHA, No. 6, Ice House Street, Praya Central. Head Office-TOKIO.
Branch Offices
LONDON, NEW YORK, BOMBAY, SINGAPORE, SHANGHAI, TIENTSIN, NEWCHWANG and all Ports in JAPAN. Agencies:- Miiki Coal Mines. Kanada Coal Mines. Hokoku Coal Mines, Yoshinotoni Coal Mines. Ohnoura Coal Mines.
No. 1, Ohtsuji Coal Mines. Ichimura Coal Mines, Kishima Coal Mines Yoshio Coal Mines. Yamano Coal Mines. Manoura Coal Mines." The Osaka Shosen-Kaisha, Ltd., Tokio Marine Insurance Co., Limited. Meiji Fire Insurance Co., Limited. Kanegafuchi Cotton Spinning Mills. Shanghai Cotton Spinning Mills. Tokio Cotton Spinning Mills. Mike Cotton Spinning Mills. Imperial Government Paper Mills. Onoda Cement Company.
MITSUI BUSSAN KAISHA, K. HASEGAWA, Manager. Hongkong, 19th August, 1899
LET'EM ALL COME
TU ►
YEE CHUN'S STUDIO
EQUITABLE -
LIFE ASSURANCE SOCIETY
OF THE
UNITED STATES.
F. KIENE,
Acting Manager, -longkong.
010634
22nd August, 1899. F. BLACKHEAD & CO., SHIP-CHANDLERS; SAILMAKERS, COAL AND PROVISION MER- CHANTS, NAVAL-CONTRACTORS AND GENERAL COMMISSION AGENTS,
PRAYA CENTRAL HONGKONG;:" SOAP MANUFACTURERS.
SOLE AGENTS FOR
HARTMANN'S RAHTIEN'S GENUINE
COMPOSITION RED HAND BRAND, HARTMANN'S GREY PAINT, DAIMLER'S PATENT MOTOR
LAUNCHES, "
&c.
Sole agents for FERGUSON'S SPECIAL CREAM and &O. SPECIAL LIQUER SCOTCH
·
WHISKY, &c. EVERY KIND OF SHIP'S STORES. AND REQUISITES
ALWAYS IN STOCK-
AT
REASONABLE PRICES. Hongkong, th May, 1896.
[1386
THE MUTUAL
STORES
(SUB AGENTS LIPTON LIMITED,)
26, 28 & 30, POTTINGER STREET, HỌNGKONG. JUST ARRIVED.
"SILVER SHIELD BRAND"
OF;
AMERICAN CANNED FRUIT.
EQUAL TO ANYTHING THAT HAS EVER BEEN PUT ON THE MARKET.
Hongkong, 1st August, 1899.
MEE
CHEUNG,
PHOTOGRAPHER,
TOP FLOOR OF ICE HOUSE,- IN Ice House Rord.
now in a position, in his New and Com
Idious Promises, to eclipse, at Goretofore,
ALL PHOTOGRAPHIC ART PRACTICED Tas in the Colony or in any part of the Far East,
GROUPS AND VIEWS a speciality. Hongkong, 22nd September 1898.
al No. 50, QUEEN'S ROAD CENTRAL, where PHOTOGRAPHS and PORTRAITS IVORY are executed at Moderate Prices.
Hongkong, and Mav, skog.
SIEN TING
SURGEON DENTIST,
on
f:96
Na 10, D'AGUILAR STREET. TERMS VERY MODERATE, Consultation free. Hongkong, 27th September, 1898
DENTISTRY, V
SUI SANG,
*[43
(Lately Practising with Dr. J. SAKATA),-- DENTIST-
“No. 7, Queen's Road Central, Hongkong, 8th March, 180g.
NOTICE
118a
[OT RESPONSIBLE FOR DEBTS.
Nor
Neither the CAPTAINS, the AGENTS, nor the
SANITARY SOFT.
NOTICE.
THE BEST PREVENTIVE OF ALL
SOAP.
INFECTIOUS DISEASES,
JEYES
FLUID
TILE DESI
DISINTESTANT
ITS USE.
DISINFECTATA
SOAP
AVOID ALL RISK OF OUTBREAK BY
W. G. HUMPHREYS & Co Beat Bulidings:“.
"Hongkong, 4th March, 1897,"
CHS. J. GAUPP & CO.,
"HRONOMETER, WATCH, and CLOCK
MAKERS JEWELLERS, SILVER
SMITH'S, and OPICIANS. CHARTS and BOOKS, NAUTICAL INSTRUMENTS,
OWNERS will be RESPONSIBLE for any Sole. Agants for Louis Audemars' Watches DEBT contracted by the Officers or the Crews awarded the highest Prises at every Exhibition; of the following Vessels during their stay in Hongkong Harbours ---
and for Voigtländer and Sohn's, CELEBRATED OPERA' GLASSES, KELAT, British Thip, John Hughes--Standard MARINE CLASSES dod SPYGLASSES:
·NOL, 14 & 14, Qonna's Sand COMICA ZE
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