1903-03-21 — Page 5

TELEGRAMS.

(Heuters.)

Loss of Another Seat to the Government.

votes.

In consequence of the striking victories of the opposition at Woolwich and Rye, a num. ber of Liberals have notified their willingness to become candidates for Ministerial strong- holds.

THE HONGKONG TELEGRAPH, SATURDAY, MARCH 21, 1903.

the year is on, All depends of i topplie,

of raw material, and that brings me to our of i

irouble, he difficulty, of braining stone It is i at the scarcity of material that we suffer froni,

THESA ·ITARY BOAKD

ELECTION....

instant, instead of Thursday, 'the 2nd April, as previously notified.

QUICK, PASSAGE BY THE "ROSETTA MARU"

The Tayo Kiren Kaisha are to be compli mented on the great success attending their Manila line which has obtained a reputa- tion for their steamers on the route, The Rosetta Maru was not due from the Philippines until three o'clock this afternoon, but Capt. Tate brought her across in 44 hours arriving at Hongkong at ten o'clock this morning. On her outward trip last Saturday the steamer accomplished the voyage in 46 hours which speaks well for the Roseli seing that on her trial trip after the vessel was taken over from the P. and O., she m de 145

WATKINS," LIMITED

March, 1903-

Gentlemen,-Annexed we beg to submit to you a statement of the accounts of the company to the 31st December, 1933.

!

PROFIT AND LOSS ACCOUNT. Including the balance carried for..

ward from last year, the amount of this account shows ............ 515,361.06 Bad and doubtful debts

written off............. $1,706.85 Amounts written off for

depreciation,............ 2,601.11

4,307.06

picul has been paid for ready boats-and more Tonnage is wanted. Saigon to Hongkong, 16 conta per picul, and to one port Philippines 35 cents, fo: 36, centi, according to size and

Co-day's Advertisements.

Hongkong, $2.30 and to Saigon, $2.50,

GOVERNMENT NOTIFICATION. The following are the chatteis effected this weck:-

PARTICULARS AND CONDITIONS of -the letting by Public Auction Sale, to be Lennox, British str, 2,361, Moji. to Hong- held on MONDAY, the 30th day of March, kong. $2.30 1er lon.

1903, at 3 P.M., at the Offices of the Public Else, Gernian str., 903, Wuhu'to Canton, 34 Works Department, by Order of His Excellency the Governor, of One Lot of CROWN LAND, cand. per picul.

on the South side and near the crest of the Kowloon Range of Hills, New Kowloon, in the Colony of Hongkong, for a term of 75 Years.

PARTICULARS OF THE LOT.

Boundary Measurements.

Zoyal, German str., 1,257, Wuhu to Canton. | 34 cand. per picul.

Friggs, Nor, str, 646, Wuhn to Canton, 33 cand. per picul.

Jaydena, British sự, azBo, Saigon to Hong kong, 16 cents per picul.

Sierstad, Nor. str. 67, Saigon to one port Philippines 35 cents per picul

one port

The following is the report for presentation "It is notified in the Gazelle that the election to the shareholders at the fourth ordinary but the sca-city of transport. Some of the by the ratepayers of two members of the Sanitary general meeting, to be held at the offices of tonnage. Nouchwang to Canton, 32 cents largest quarries are situated where boats can goard will take place on - Wednesday, the 25th the Company, at noon, on Saturday, the 18ther picul Coat freights are firm.. Moji to only reach them during the wet season, there LONDON, March 19th.. being little, or na water ai nther times, and At the bye-election at Rye to replace Mr. Last year was u«forunately the driest known in Brookfield, the Conservative Member, who that particular distre. We have done every- has been appointed Consul at Montevideo, thing we can by advancing money to contiac- Mr. Hutchison, the Liberal Candidate polls and even by having boats built of our own to ensure a farizer supply this season, and we ed 4,950, and Mr. Boyle, the Unionist, 4.376 have also used every means to find other quarries situated in more accessible placés, where boats can load ali the year round. We have had an anxious time obtaining suf ficient supplies during the past year for even à limited number of kilns, and our stock of stone at the moment is practically nil, but our efforts to find new places seem to be having results at las, and we have now some hope of securing later supplies. This ques- tion of raw material, as was the case in the revious year, has been our chief worry; for the disposal of our cement, on the other hand, has given us little trouble. The demand has bien gand all round, and the fall in exchange during the year only worked in our favour and enabled us to raise nur prices. As you know, which have been increased since they were we have two good contracts running, both of

originally made, and we have other important CHINA COMMERCIAL §, S. CO., ED. ones in view. The quality of our-cement remains unrivalled; under a rigid specification the British Admiralt, have not questioned an ounce of it and their las ector when out there pronounced the ceme it blocks made of it to be the finest he had ever seen (applause) think, therefore, gentlemen, you may f-irly congratu- late yourselves on the present p ́sition ol your

The Unionist papers admit that the Rye election means discontent with the Govern

ment.

LATER.

The Transvaal Labour Question.

In reply to the Right Hon. J; Bryce, Mr. Chamberlain'said that his representations to the-Foreign Office had resulted in their agreeing to let one thousand Central Africa natives go to the "Transvaal mines as an periment. The charges of forcing labour were absolutely unfounded. The discussion as to the introduction of Chinese labour was entirely premature; all other sources must be first exhausted.

The case in which Lou Mui was charged on remand by Inspector Gidley with wickedly an maliciously suborning and procuring Lau Ngan an! Fan Sui to commit perjury in their trial as witnesses, at the trial of a cause concerning the ownership of a certain piece of land at Kow- Toon Tong, which took place at the Land Court, and duly chmni led in our issue of the 18th instant, came before Me. J. H. Kemp this morn ing. Mr. Goldring, of Messrs. Deacon and Hastings, agrin applied for bait, but it was refused. Mr. F. R. L. Powley, the Crown Solicitor, prosecuted on Lehalf of the Crown The case was adjourned till Wednesday, 25th inst., when a further adjournment is probable

knots, and is n w maintainin, 14 knots at sea She brought over 2 saloon passengers, while he Rohilke Muru whi h sailed yesterday took away to passcogers in the saloon.

-The 5.5. A thoil, Captain E. Porter, the first of the fleet of the newly-formed company is advertised to leave for Manzanillo, Mexien, and San Francisco via Moji and Yokohama un Tuesday, 31st instant, at noon, As chronicled in our issue of the 18th instant, the other ships undertaking and on its future prospects. The of the fleet consists of the 35. Lothair, Chung financial posit on might, perhaps, be better, WeWo and Clavering. The company's office is situated at No. 35, Queen's Roal Central, second flour, and Mr. J. S. Van Buren is the The Pre superintendent of the new concern. 1sident and Vice-President of the Company are Messrs. En llok Fong and Leong Kam Wing. The company's agent at San Francisco is Mr J. V. C. Comfort, No. 204, Front Street. Messrs. Elliott and Lange are the agents at Manzanillo, while General Lowell J, Bullard, of the city of Mexico, has been appointed Government representative at the place.

are still spending money on capital account, but it is money spent to gond purpose and returns to us in the shape of larger profit and d not think that after the further outlays have mentioned. we shall require to do any thing more in the way of further additions and improvements to the present installation, unless the demand shold incren-e to a much greater extent than we at present anticipate. Our debt to our bankers is large and will be increased by 5.20, co more in payment of the dividend, and if, as we hope to do, we succeed in accumulating a large reserve of ra mat ri-i, it will be still larger; but our bu iness is sound, and our ass is are all good, sn there need be to ansicly on that sc re. As for the brick and tile works at Deepwater Bay, we me sill hopeful of making this into a gond business. The results were very poor last year, Te fourteenth ordinary annual meeting of shareholders in the above Company was heldut we took advantage of the confusion the

THE GREEN ISLAND CEMENT

COMPANY, CD

|

We learn from a New York cable dated 20th

Leaving the 'sum of...... $11,053.10. From which sum your general mana-

gers propose to pay to per cent. dividend forthe year 1902, absorb- ing

....$10,000,00

Forwarded to New Account.$ 1,053 10

EQUALIZATION OF DIVIDEND, The balance at credit of this fund stands at $1,802.57.

AUDITOR.

The accounts have bees audited by Mr. W. Huon Potts.

G. A. WATKINS, CHAN A. Fook,

General Managers.

Hongkong, 2nd March, 1903.

BALANCE SHEET ON 3'st ECEMBER, 1907.

Liabilities.

Capital-10,000 shares @ $to fully,

paid up, Equalization of dividend fund, ..... Dividends unclaimed at date.......... National Bank of China, Ltd, .............. Bills payable,

Loans payable,... Accounts payable,............. Profit and loss account,

Assets.

..$100,000.00 4,802,57 177.50 1,005.47 20,617.18 3,000.00 3.52845 17,053.10

$114,184-27

ult that, a contract has been signed by the Aerated Water Plant...$10,51245 Government and the China Commercial Less written off...... 1,51245 Steamship Company providing for the service between Hongkong and other ports of China, Steam Launch............... 7,864-53 Japan and the United States with Manzanillo.

Less written off

804-53

Furniture and Fixtures... 1,9413

Less written off

224.13

The Chinese company contracts for at least eleven trips a year. The contract, which be- came effective on the 19th uit., is for five years factory was thrown idle first by an unprecedented and is renewable for successive similar periods. to day at i am, in the Company's offices, No. heavy rainstorm and then by typhoons, to The concession carries the usual exemptions 14. Des Voeux Read. There were present reorganize the whole system. We replaced then the part of the Government in return for the "on. I. Shewan (chairman), the Hon. Sird engine by one which we bought cheaply mail service and special freight privilege which Pant Chater, C.M.G., the Hon. C. W. Dickson, out here, and added another boiler, which we the company offers to the Government, all to Mr. C. Ewens, and Dr. J. W. Nable (consultin also got secondhand. We extended the

be governed by existing laws, committee), Messrs. G. Murray Bain, J. R.

machine and drying shed, altering the arrange- Michael, W. II. Potts. F. A. Hewett, T. H.

ment of the plant, and adding a new Brick and Reid, J. Orange, S. 1. Inseph, C. A. Tomes, A. Ti'e Machine whi h we ordered from home, and Babington, J. A. Fredericks, Fung Wa Chün,

we have just completed a new colie house on Chan Pan and Lum Chong.

tie hili, overlooking th⋅ works, which, we trust, After Mr. N. H. Rutherford had read the will stop the great amount of sickness that has notice convening the meeting.

The Chairman said;÷Gentlemen, the report and accounts having been in your hands for some days past, it is not necessary to read them now. The net profit for the year is some $36,000 above that of the previous year, so we recommend raising the dividend fmm to to 12 per cent, that is, paving away $20,000 more this year, which we trust will meet with your approval. Twelve per cent. is a very fair dividend, and until the company had reduced its present indebtedness, I do not think we should increase this rate. The gross profit; lass interest, i neily $210,000 and no doubt the question has arisen in the minds of some shareholders, what has become of this profit, and why is our debt to our Bankers till some. $75,000 more than last year? Of course, the accounts show exactly what has become of the money, but I will explain it shortly now. These two iters-the gross profit and the increase in over itali-amount to nearly $315,000 and are roughly accounted for as follows; viz.

Last year's dividend

2.

|

prevailed amongst the coolies while living over the clay pit on the low round. To increase our output and reduce the cost of production, we shall build this year wen more brick kilas, one pipe kiln and order another mixing ran, which we estimate will cost altogether some- thing under St0,00%, You must bear in mind

tha, besides the damage by storms, we lost at cast two months' work, and under such circum. stances you will see we could hardly expect

better results than those row shown. I know

of nothing else that I can usefully add, and I now beg to move that the report and accounts

as presented to this meeting be adopted and passed. When this has heen seconded, I shall be glad to hear any remarks from shareholders,

THE MUNICIPAL COUNCIL.

(From Our Own Correspondent.).

Amoy, 17th March.

yesterday it was decided that on account of At a meeting of the Corsular hody held

difficulties having arisen in regard to the quali. fications for voting for the election of the Municipal Council of Kulangsu the Councillors for the first Council be appointed by the Consular Body, and the following were ag painted to serve from the 1st May next, for the term of one year, viz., Messis. Akaba Marshall, Orr, Hempel, Wallace, and Dunne. The note calling a meeting of voters for

10-day was accordingly cancelled. It appears that many people, including missionaries and Japanese, claimed votes when their names were not inscribed as ratepayers, and their legality to vote would be challenged. The community expect great improvements in the Mr. G. Murray Bain—I have great pleasure construction of roads and jettie, and in in seconding the motion. Carried unanimously.

There being no remarks, I propose the adop lion of the report and-accounts.

CONSULTING COMMITTEE.

Mr. J. R Michael-I beg to pr pose that $100,000

The Han. Sir C. P. Chater, Hon. C. W. Dickson, 106,500 Mr. C. Ewens, and Dr. J. W. Noble be re 81,020 elected members of the Consulting Committee Mr. T.. Reid -1 beg to secard Carried.

Spent on additions......

Increased valde of stock on hand. ...... Increase of sundry de lors less sundry

creditors

>6,50

$314,000

AUDITOR",

"At last year's "meeti gl'old you that we did |:. Mr. Hewitt-I beg to propose that Megges. not expect to spend more than about $50,000 |T. Amo'd' and' W.' H." Patts be re-elected altogether on the two factories. You will see auditors.

Fixed Deposits.....

Hongkong and Shanghai Bank.........

Cash Account ...

National Bank of China, Ld, No. 2

Account

Fire Insurance Premia attaching to

1903..

Stock, &c, with Uranchies ....................... Stock on Hand... Outstanding Account Receivable:

Trade Accounts.................. Sundry Debtors.............

5

F1

Taicheong, Ger, sr, Saigen to Philippines, 36 cents per picul.

Progress, Ger, str. 799, monthly, 4 months at $5,100 per month.

Loyal, Ger. str. 1237, monthly 4/2 months at $6,500 per month,

Lena, Nor. str. 1000 monthly, 13 months, at $6,000 per month.

Messrs. Erich Gearg and Co.'s write in their share list of to-day's date as follows:-Busi

Na of Saik...

and Lot No. Registry Nu

LOCALITY.

M.

*

W.

It. the t

South de, near Crest of

Κοπίρου

to Botto 0,400 4 må

Range of Hill New Kowisen

Hongkong, 21st March, 1903:

[3616

"INDRA" LINE OF STEAMERS,

NOTICE TO CONSIGNEES.

FROM NEW YORK.

THE Company's Steamship

having arrived from the above Ports, Consignees "INDRANI," of Cargo are hereby informed that their Goods

ness has been fairly active during last week and with the exception of Indos and Sugars, which have suffered a decline and of China Providents sporting up, material changes in rates have not taken place. Rates of Ex-are being landed and placed at their risk in cb.nge on Shanghai close at Tls 731 for TF, the Hongkongand Kowloon Wharf and Godown and at Tls.. 73 for three days' sigh Private consignment will be sorted out mark by mark, Company's Godowns at Kowloon, where each raper.

and delivery can be obtained as soon as the goods are landed.

10

}}

11

EXCHANGE.

ON LONDON, Telegraphic Transfer ...1/7 1 16 Bank Hills, on demand........1/71 Credits, 4 months' sight.....17 7/16 D'ments 4 months' sight ...1/7 9/16: ON BERLIN, (demand)

M.1.63 ON PARIS, Bank Bills, on demand..........2.00

Credits, 4 months' sight.....2,04 ON NEW YORK, Bank Bills, on demand...58) Credits, 30 days' sight ...... 391 ON BOMBAY, Telegraphic Transfer

On demand ON SHANGHAI, Telegraphic Transfer ......731

Private 30 days' sight

15

T

ON YOKOHAMA, T.T. Sovereigns, Bank's Buying Rate Gold Leaf 100 touch, per tael Bar Silveren

..118)

..дот.

.....781

-

Goods not cleared by the 27th instant, at 4 P.M., will be subject to rent.

No Fire Insurance will be effected by us in any case whatever.

All damaged packages must be left in the Godowns, and a certificate of the damage obtained from the Godown Company within ten days after the vessel's arrival here, after which no claims will be recognised.

JARDINE, MATHESON & Co, Agents. Hongkong, 21st March, 1903

13630

OCCIDENTAL AND ORIENTAL STEAM- SHIP COMPANY.

NOTICE

$12.52 CONSIGNEES of CARGO per Steamship

1,020/1,080

$ 9,000.00

.65.00 .22)

7,000.00

OPIUM QUOTATIONS. Today's quotations are as follows:-

1,700.00

2,200,00

MALWA NEW our magrues

Per chest C $970/1,000

LAST YEAR.......

#

11

ULDEST

1,621.10 PATNA NEW

172 04

177.50

227 75 12,122.25

66 935.55

34,806.57 8,221.51

$144,184-27

Dr.

PROFIT AND LOSS ACCOUNT. To Bad Debts written off

..............$1,706.85 Amounts written off for depreciation:-

Off Aerated Water Plant, $1,512.45 Steam Launch, 864.53 Furniture & Fixture, 124 13·

——$1,657.11 Balance, which it is proposed to

deal with as follows:- *Topay Dividend of 10%, $10,000.00

Halance carried for-

ward.................. 1,053.10

נג

11

Cr,

-15,053-10

$15,361.06

lighting, sanitation, policing, etc, and will no doubt be greatly benefitted by the control of municipal affairs passing into the bands of By Balance forward from last year,...$1,129.47 such a competent repre entative body of our

Profits made in the year 1902, ... 14,231-59 oldest basiness inen.

THE WEATHER.

11

$15,361,06

G. A. WATKINS

General Managers.

CHAN A FOOK, J

i have compared the above Statements with

The following report is from Mr. F. G. Figg the Books of the Company and have found the Acting Director of the Hongkong Obser-spine to be in accordance therewith.

vatory :-

On the 21st at 11.35. a.m. The barameter has falles rapidly over NE. Japan,, risen over W. Japan.

conding the motion.

Mr. Orange. I have great pleasure in se moving into the Pacific off the NE coast of The depression has deepened and is now

Carried.

The Chairman."his is all the business, gentlemen.' I thank you for your attendance. Dividend warrants will be ready on Monday.

The proceedings terminated.

Japan.

Pressure is high, over NE. China. Fresh monsoon in the Formosa Channel and over the N. part of the China Sea.

Forecast-moderate NE, winds; fair.

W. HUTTON POTTS,

Auditor.

Hongkong and March, 1903.

Commercial.

TODAY'S INTELLIGENCE:

that we spent $79,000 the difference is sin ply the cost of a Second Cummer dryer, which we found absolutely necessary to assist us in dry. ing the increased quantities of raw material This year westimate we shall have to spend about $16,coon Macao, and about 540,000 at Hok Un, as with an increasing output we shall

The rate of $69± 50 for BA*KS brines out no require much more accommodation in the shape

Mr. J. R. Michael.-1-beg to accord a vote of

sellers.. MACAO STEAMBOATS sold at $37 and of a shed for the burnt clinker and of bins for thanks to the general managers for the satis- CHINESE Constable Too Fat, of Aberdeen, was

have strong buyers at $3675. STAR FERRIES storing the folshed cement, nur contract with factory accounts they have given to the share accused by one of the crew of a Chinese junk, have advanced to S107 buyers for the settle- are inquired for at $26.50, CHINA · SÜGARS the Admimity dock contractor requiring special holders (Applause). bins to be set aside for their stocks. When

lying off berdeen, with stealing a gold watch tested. It affords me much pleasure to tell.

belonging to him, for the return of which he ment; but no sales have been effected. you that with greater knowledge and experience

got by landing over $20 to, the constable. $107, and close with buyers for cash and fir- PUNJOMS were sold at $3. DOCKS were done at

We are producing much more clinker from our

The defendant, who denied the charge, was kiļns thi›il we ever anticipated, and it is just INSPECTOR Collet has inst tuted a new depar Stephens and Thomson. Mr. Stephens in his

defended by Mr. M. J. D Stephens of Messrs. ward at equivalent rates. WHARPS have huy

ern at $92.50. EwO COTTONS are inquired for possible that this increase, which is, of course, la sin arresting hawkers without the necessary opening remarks stated that about 12.45 in the from the North at Tis. 30. CEMENTS have a very satisfactory feature, may necessitate permits Yesterday he instructed about ten afternoon of the 18th instant, the constable, on improved to $23.50 and have buyers at this additional grinding machinery, the cost of Chinese detectives to be dressed in the coolie information received, boarded the junk, where CHINA PROVIDENTS are obtainable at $10 and figure. WATSONS are wanted, at $14.35 which we estimate at from $50,0,1 to 360 000. rir, and intermix freely with the hawkers, who it was believed that gambling was going on.

this extra onlay had no permits. In this way, nineteen hawkers When he got on board the junk he saw

bare been sold at this rale absolutely nec ary, but we cannot were arrested, and before Mr. F. A Hazeland bling proceeding, and arrested the complainant, till all the kilns are burning belofa putting this morning, sixteen of them were fined $3wh in order to evade punishment brought the tho work in hand, a ment'on' it now as each, and the rest, who were more or less vileged charge against him. Evidenca was prospects are begini to point to the postineity, and resisted the constables in the execuiihen led, and the Magistrate, Mr. J. H. Kemp,

hery, being required; beforation of their duty, were fined $5 each...

urse, we shall not inc

SK for ASAHI JAPANESE BEEK-

A

G. Girzult

dismissed the case.

gam-

SX for ASAHI JAPANESE BEER,

AG Girault

ASK for ASAHI JAPANESE BEER

SHIPPING AND FREIGHT There has been a fair demand for tonnage, and rates remain at about the same

same as last From Wuhu to Cratom 361 cand per

JAPANESE DEER—

BENARES NEW PERSIAN (PAPER)...

1,100/1,160

1,305

1,085 @780/850

To-day's Advertisements.

FOR ILOILO (DIRECT).

THE Steamship

"L DE LA RAMA," Captain F. Such, will be despatched as above on THURSDAY, the 16th instant, at 4 PM,

This Steamer has Superior Accommodation for First Class Passengers and is fitted through. ont with Electric Light,

For Freight or "assage, apply to

HIJOS DE 1. DE LA RAMA, 15 Connaught Road. Hongkong, 215: March, 1903.

"DORIC,"

The above Steamer having arrived, Con- signees of Cargo are hereby requested to send in their Bills of Lading for countersignature and to take immediate delivery of their Goods from alongside.

Cargo impeding the discharge of the Vessel will be landed and stored at Consignees' risk and expensc.

No Fire Insurance will be effected by us in any case whatever.

E. W. TILDEN, Agent.

Hongkong, dist March, 1003.

NIPPON YUSEN KAISHA.

FOR MANILA. HE Company's Japanese Mail Steamship THE

"KUMANO MARU," 5,000 Tons, Captain H. Fraser, will be 'des- patched for the above Port on FRIDAY, the 27th instant, at 4 P.M.

This Well-known Steamer is specially con structed for the service in the Tropics, and is provided with superior accommodation; and with all modern fittings and improvements for the safety and comfort of Passengers. Electric Light and Refrigerator. Doctor and Stewardess

carried..

For Freight or Passage, apply to

A. §. MIHARA,

Manager.

[362 Hongkong, 21st March, 1902.

BUCHANAN

BLEND SCOTCH WHISKY

JAMES BUCHANAN & CO.

· SCOTCH WHISKY. DISTILLERS. By Appointment to

HM. THE KING

MA

HRH the PRINCE of WALES

CAN BE GBTAINED FROM

LANE CRAWFORD & CO.

- AND ALSO TRE MUTUAL STORES, AND FIRST CLASS HOTELS AND CLUBS,

£3600

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