1904-01-27 — Page 4

Intimations,

WATSON'S

SEASONABLE

SPECIALITIES.

WATSON'S BALSAM OF ANISEED

THE HONGKONG TELEGRAPH, WEDNESDAY, JANUARY 27, 1904.

"NOTIČK

All communications intended for publication in The HONGKONG TELEGRAFT should be addressed to The Flor, 1. Ies House floul, and should be accompanied by the Writer's Name and Dollary business communications should be addrosol

to The Manager.

Adiron

The Editor will not undertake to be responsible for any rejecteł MN, nor to return any Contribution..

SUBSCRIPTION RATES (IN ADVANCE). DALLY-$30 per ANDAAL WEEKLY-919 per anno.

|

IT is significant, perhaps, of the sensitive con- dition, of markets, that speculation should already be indulged in as to the possible effect Į of any Loan operations which might be neces sary to finance a conflict in the Far East.

MR. G. W. Palmer, M, P. for Reading, who has started on a comprehensive tour of the Exst Indies, China, and Japan, will feel same personal interest in what he sees on the way,

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***

***

A

***

*

**

100,00

STORA ZOPICS!

PROFIT AND LOSS 'ACCOUNT.

[ tion will, I feel sure, appeal to you as a sound Dr.

one to follow. Our outlay on properti ́s nai as To Char, es account ...

...$ 6,7c6.29 Crown rent account

yet fully developed is over 17 lacs, but some of | Favoured with a continuance of the delight.. 1,894.00 Government rates account...

973 01 these will be completed during this year, when ful weather Hongkong in now experiencing, Fire insurance account

200.10 instead of being a drag on the Company they the turn rot at the Rare Course this morning Interest account

7,658.11 will yield an addition to our income. Turning is quite up to the average. If anything, the Preliminary expenses ....

1,180.30 to the debit side of the account you will see fair personages that lend grace and charm to 'Auditors' Fres...

that our charges have not increased, but the the bl weekly mor: ing meetings, were present $18,311.8 amount expended on repairs is some $4,600 even in larger number 10-day. Much is added more. The depredations of white ants which, to the social feature of the gatherings by the during 1993 were froin some cause unknown ladies whose example stimulates pleasant ...$2,452.50 unusually great more especially on the higher emulation on the part of others. At a very

9 630 21

100 levels, entailed this additional expenditure in early hour Mrs. Goetz appeared, other familiar 6,219.10 order to keep our property in first class order. faces noted were Mesdames Dickson, Hinds,

Our outlay in respect of fire insurance remains | Master and Tooker, about the same notwithstanding the 25% in- The condition of the course, relatively speak- crease in rates to which I alluded at last meeting in point of time, makes the outer track ing, the saving we effected by ourselves 'cany slower going by from three to four seconds risks, upon which we fortunately escaped any ing a port.o. of the insurance on our best than the inside course.

Bent... Scrip fres Balance

Cr.

•

---

The rates por quarter and por menom, proportional, especially about flornen, Mr. Palmer's niece. By Balance fr m 1503 The daily sand is delivered free when the nitress is the accomplished and unly daughter of his bro

accessible to merenger. On copies want by post anther, the member for S lisbury, is about to be- additional $10 per quarter le charged for postage.

come the wife of a son of Sir Charles Brooke, The postage on the weekly isms to any part of the

world is 30 cents per quarter.

the Rajah of Sarawak. The Rajah went home Single Coples Daily, ten cents: Weekly, twenty from Brunei the other day, and as he is now in

fire Conte,

his seventy-fifth year there seems to be doubt

MOV BRAY S. NORTHCOTE, as to whether he will return to the Land of the

Secretary. Dyaks. It is now over sixty years since he with the bucks, vouchers and securities of the We have compared the above statements

$18 311,8

he Hongkong Celegraph began his career in the navy, and gesting on for compity and lave found the same to fir le 5, more this counterbalancing

Gives immediate relief and quickly cures all

cases of Cough both in Adults and Children. | HONGKONG, WEDNESDAY, JANUARY 27, 1904.

LOCAL AND GENERAL.

SURGICAL instrument makers are doing a lare trade with Russia and Japan at the present moment.

WATSON'S WHITE EMBROCATON.

Sportsmen will find this a first-rate remedy

for Sprains and Bruises. In cases

THE bunds of the recent Chinese 5 per cent. Rheumatism, Chest affections and pains in loan were admitted to quotation on the Paris

Bourse from 19th ult

of

he imbs, its application has a most

soothing and comforting effect.

THE fleet in harbour' dressed ship' to-day and fired a Royal salate at noon in honour of the birthday of the Emperor of Germany,

THE Gazelle announces that the King has

WATSON'S OTTO OF ROSE COLD been pleased to approve of Mr. Friedrich

Kruger as Consul of Germany at Hongkong.

RUSSIA has recently ordered a large supply of ¦ minting instruments from England, while Belgian firms are privately minting coin for the Russian Government.

CREAM is a pleasant cure for Chapped

Lips and Rough and Chased Skin, so often

experienced in the cold weather here.

A. S. WATSON & Co.,

LIMITED.

SOLE PROPRIETORS.

MANUFACTURING CHEMISTS.

ESTABLISHED A.D. 1841.

Hongkong, 23rd January, 1904.

TELEPHONE NO. 236.

LABLE ADDRESS: "ACHER,” HONGKUNG

A. B. C. CODE, TH 1DITION

Established 1859.

A CHEE &

祥

(35

CO.,

廣 利

17, QUEEN'S ROAD.

FURNITURE

DEALERS.

DRAWING-ROOM,

DINING-ROOM,

and BED-ROOM

FURNITURE.

ELECTRO-PLATED,

CLASS, and

CHINA WARES. PASTEUR'S MICROBE-PROOF

FILTERS,

ROCHESTER LAMPS,

WHITE TURKISH TOWELS.

COUNTERPANES.

COOKING RANGES,

KITCHEN UTENSILS, and

HOUSEHOLD REQUISITES.

་

PHOTOGRAPHIC DEPARTMENT. DEVELOPING and PRINTING

UNDERTAKEN for AMATEURS.

GOOD WORK.

PROMPT RETURN. Hongkong, 2b January, 1904.

[45

CARMICHAEL AND

CLARKE,

CONSULTING engineeRS AND

SHIPBUILDERS,

SURVEYORS AND CONTRACTORS.

Repairs PROMPTLY ATTENDED TO.

TELEGRAMS: "CARMICHAEL," Hongkong. A. 1). C. Gude, 4th Edition,

A. 1 Code,

Bieber dindard Conte-

TRLENDAR, *A*-

Bonkoma, sulh March, 1909,

The Straits Government has offered sterling

salaries to their subordinate medical staff at

the rate of two shillings to the dollar. The offer has generally been declinexi.

forty years since he succeeded his famous uncle.

I

said, with the appearance of musthority. that Mr. Arnold Foister has decided on making one change in our military administration which will have far-reaching results. He has determined that appointments to staff shall be opened to the general body of officers. Practically staff appointments have up till now been confined to a privileged class, and could generally be obtained only by influence Under the new system appointments to the staff will only be for three years, and at the expiry of that period the officer will return to his regimental duty. At present the practice is pretty much "once a staff officer always a staff officer," but now that the appointment is to be opened up a much larger number of officers will obtain experience of staff duty.

THE HONGKONG LAND RE CLAMATION CO, LTD.

ANNUAL MEETING.

The third ordinary meeting of shareholders In this company was hell at the company's office, Victoria Baildings, at 13.30 am. to-day.

There were present :—the Hon. C. W. Dickson (chairman), Sir Paul Chater, Messrs, Ho Tung, R. C. Wilcom, E. Shellim (directors), R. K. Leigh, H. N. Mody, A. Howard, A. J. Ray. with Princess Alice of Albany will be celebrated mond, C. H. Ross, A. H, Hooper, H. C. Wilcox,

THE marnage of Prince Alexander of Teck

on

at Windsor Feb. 10, and will be characterised by notable ceremony.

AT the annual meeting of the subscribers and seatholders of St. John's Cathedral, held last evening, at S. Paul's College, Eshop Hoare announced that Sir Paul Chater had given $35,000 to build a church at Kowloon, and that the Government had made a free grant of land adjoining the English school and the Obser

vatory.

SIX valuable brass cannon have been stolen from Woolwich Rotunda. One of the guns was | a brass "fawcon," made in 166t; another was a three-pounder of 1776; a third swivel one- pounder of George 111's time; a fourth a two- inch gun, dated 1769; a fifth a bronze une- pounder, 1727; and a sixth a brass two-inch gun from Borneo, without date.

THE development of affairs in the Far East is naturally attracting considerab e attention in naval circles at Portsmouth, Should it be I found necessary to strengthen the British squadron on the China station this would be done by drawing on the Mediterranean Fleet,

Ho Fook, Ho Kom Tong, Lo Cheung Shiu and M. S. Northcote (secretary).

The notice convening the meeting having been read,

The Chairman, said :-Gentlemen, the report and accounts having been with you for some days we may, I presume, take them as read. We are still necessarily passing through the period of expenditure, but I am pleased to inform you that our reclamatop work at Kowloon Point continues to progress steadily and satisfactorily. During the year we added nine mare houses to our property at Yaumati and these are for the most part well let. The balance sheet now before you does not appear to call for any special comment but before moving the adop tion of the accounts and report I shall be pleased to answer any questions regarding them you may wish to put.

There being no questions, the Chairman pro- pused, Mr. A. J. Raymond seconded, and it was agreed, that the report and accounts as presented be adopted and passed.

DIRECTORS.

On the proposition of Mr. 1. C. Wilcox, seconded by Mr. Ho Kom Tang, the appoint ment of Mr. E. Shellim in place of Mr. D. M. Moses was confirmed, and on the pro-

יין

HUTTON POTTS,

Hongkong, 19th January, 1934.

A 'D. GOURDIN, S Auditors,

THE WEST POINT BUILDING COMPANY, LIMITED.

ANNUAL MEETING.

The sixteenth ordinary meeting of share holders in the West Point Building Company, Limited, was held at the company's offices, Vic teria Buildings, al 11.45 m. 10-day, when there Hon. C. W. Dickson, Messrs. A. J. Raymond, 'were present-Sir Paul Chater (chairman)

Aichael, J. M. Graca, K. K. Leigh, i S. Lewis, A. G. Wood (directors), J. H. Lewis, J. R.

A. G. Merris and A. S. Hooper (secretary),

The notice convening the meeting was read, and

the extra

premium paid at the higher scale." Rates having again been reduced to their former level we have now reverted to the insuring in full of all buildings. These remarks will I trust tend to elucidate the published statement now before you. You will recollect, gentlemen, that at our annual meeting in 1901 you approved of the placing of $500,000 to equalization of dividend on your investment for some time to come, fund with the object of ensuring steady return and having regard to that understanding your directors recognize that it is incumbent on them assistance of a portion of that fund, hence the to maintain the dividend at 12% with the

the current year with a balance in hand of an transfer therefrom of $250,000 which will start

amount approximating that carried forward to 1903. They trust that in the near future condi- tions will so change as to admit of their show. The Chairman said :-Gentlemen, with youring a larger sum at credit under the heading of per.ission we will take the report and accounts profit on sales of property as well as of rents, as read. The net profits for the past year were and are hopeful that if they again have to en- $40,988.40 as against $35,914.27 for 1902, the crotch upon equalization of dividend fund in difference being principally brought about by a order to maintain the return to you it will not saving of $1,000 in repairs, and an increase in be necessary to do so to the same extent. In fire insurance premium of about $1,830. The connection with the scheme for the improve. present lease of the properly expires on the

ment of the Eastern district to which I alluded 31st March, 1905, and we have received offers from other panies to lease the property for a term of six years at an increased rental. Your directors have, after consideration, decided to accept the best offer made, but have reserved the right of cancelling the new lease after two years in case the property is sold, on giving

the lessee six months' notice, and we feel sure that the course we have pursued will meet with your entire approval. Before moving the adoption of the report and accounts I shall be pleased to answer any questions that may be rut to me.

Mr. Morris-Do I understand you to say that for two years we cannot renew the lease?

The Chairman:—Yes. In fact, rather more

than two years-two years and six months,

Alter the expiration of two years you have to give him six months' notice ?—Yes.

That could not have been reduced, I suppose? -No. In fact the present lease is exactly on the same terms.

Appended are the "times" recorded co-dry-

WALEES.

Remnant and Ichiban-r mile (0-371, (?), 1.38, 2.10.

CHINA PONIES. Algeriner mile (0)~41, 1.19, 1:54, 2.17. Discoid-t mile (0)-la-r half 35, 109 Muscatel-1 mile (0)–36, 1.15, 1.50, 2.251. Pandur-mile (0)-35, 1.10, 1.45, 2.20 Rare Rese-1 mile (i)-last mile 24, 108, 1.44, 2.16.

Dandy--last mile 36, 1.13, 1-43 La France Rose-24 mile (i)—last mile 32, 166, 140, 2.121.

1.42 2.23

Fun and Provost-1 tile (6)-341, 1.091,

Rebel King-t mile (0)—last § 36, 1.10), 1 46. Manila and Emigrant-1 mile (0)-33, 1.071, 1.46, 2.22), Mr. Apcar's pony beating his companion at the finish.

Mr Wheelrut's Protection-1 mile-last hall 35, 1.08.

Aladdin and Starling—14 mile (0)~36, 1, 1.2, 1.463, 2.278, 2.56.

Vancouver-1 mile (0)~40, 1.16, 1.51, 2.24); going steadily.

Set's time was missed.

Lord Algy and Bonzaline; 34, 1.11, 1.48, 2.33. Mr. Gray's "No. 64" skw.—1 mile (I)-last 35, 1.08, 1.421.

Mr. Mody's "No. 6"-1 mile (0)-35 1,09 145, 2.20.

last year, progress has unfortunately been de layed by difficulties raised in unexpected quarters, but the carrying out of the project has, we understand, not by any means been abandoned. The sooner a start is made with donald's The Elder and a gray "aub."— mile Major Radcliff's Airannpogue, Mr. Mace

the work the better will it be for the Colony.(0)-364, 1.#1}, 1,45, 2.22). The Major's pony Before moving the adaption of the repast and led the trio at the finish. accounts I shall be pleased to answer any questions that may be asked.

Rockei-mile (0)~37, 1.10, 1.44). 2.19. Today's time establishes it beyond a doubt that this pony's reported remarkable perform- ance of 245 for 1 mile on Saturday last must have been an error.

Persistence and Good-bye-1 mile (0)~2, 29}.. = Coronet Rose-1 mile o)-last 4. 38, 1.15, 1.48.

1.538, 2.188, 3.05.

Clifton and Regret-14 mile (0)—367; 1.24t9.

moved the adoption of the report and accounts. There being no questions, the Chairman

Mr. R. K. Leigh said :-You have just heard the remarks made by our Chairman. The year has certainly been a bad one, the chief defi- of property, but land and houses are very secure ciency in profits being owing to the few gales.

and do not run away, so that if they have not Disclosure and Lumberer raced together and been sold during the past year, the company were joined by Yellow Skin at half mile---1 mile still possesses them, and, I believe, I am right | (0)—41, 1,398, 1,56, 2.30, in saying that, until a sale is actually comple.ed the property remains in the company's books at its cost price, so that when good times come

I think the present lease was only six months' again, as they must do, the company can notice. After two years,

It is impossible to reduce ?-Yes. The Charman then proposed that the report and accounts as presented be adopted and passed.

Mr. J. H. Lewis seconded, and the motion was carried.

DIRECTORS.

On the proposition of Mr Morris, seconded by Mr. Leigh, the appointment of Mr. A. G. Wood in place of Mr. C. S. Sharp was confirmed: and on the proposition of Mr. Michael, second-

then realise the profits on the properties it has been developing during the bad time. The chief cause for the present stagnation in property, as pointed out by our Chairman, are tight money, the uncertainty of exchange, and local legisla. tion. I will not attempt to say anything re garding the first two of these, as they are belter known and understood by all of you than, they are by myself. But as regards the third, I know and feel how seriously this has been, and is, acting to the detriment of property, more

and the vacancies there filled by ships espe position of Mr. Ho Fook seconded by Mr. Loed by Mr. Leigh, Sir Paul Chater and Mr. A. G especially amongst the Chinese who, it must

cially commissioned from the Reserve.

FIVE coulies were charged before Mr. Gompertz this morning with decoying and enticing away from their guardians two boys, aged respective ly, twelve and thirteen. Two of the men, one of whom, Sa Lau, was defended by Mr. Looker of Messrs. Deacon, Looker and Deacon, were discharged. One of the remaining accused was sentenced to six months' imprisonment and the two others to three months' each, and to be exposed for six hours in the stocks,

On the 14th August last about midnight a gang of men armed with sticks and iron bars brake into a house at Yaumati, assaulted its occupant and stole $400 in cash and jewelery together with clothing and other objects of a value of about 3150 A Chinaman, Tse Lin, who was arrested by the police on Monday last appeared before Mr. Gompertz this afternoon charged with having taken an active part in the robbery aforementioned. Evidence was led and the case was remanded till to-morrow, when the prisoner's statement will be taken.

As a result of the French interdiction of relii ous orders, England, it is said, has received about 6,000 monks and nuns. Soma 1,806 have

gone to the United States, and about 1,foo to Canada. Monks and nuns have gone in about equal numbers to England, and the convents and monasteries have been increased by about 600 by the influx. In the diocese of Southwark alone thirty-one new missions have been open-

ed. Throughout Great Britain forty-seven new

convent schools were established last year.

The exites brought a considerable sum of

money with them.

Cheung Shiu, Messrs. R. C. Wilcox and E Shellim were re-elected to the Board.

AUDITORS.

seconded, and it was agreed, that Messrs. W. Mr. Howard proposed, Mr. A. S looper

H. Potts and A. O'D. Gourdin be re-elected auditors.

¿

The ChairmaThat concludes the busi- ness, gentlemen. Thank you for your attend-

ance.

THE REPORT.

Following is the second report of the Board of Directors presented to the meeting of shareholders:-

Gentlemen,-The directors have now to submit to you a general statement of the affairs ending 31st December, 1993. of the company, and balance sheet for the year The accounts, including auditors' fees and $1,180.30 preliminary expenses now written off, show a balance at debit of profit and loss of 56,219.10, which is carried forward to new profit and loss account.

DIRECTORS. Mr. 1). M. Moses having resigned, Mr. E. Sheilim has been appointed in his stead, and this appointment now requires confirmation.

Messer. R. C. Wilcox and E Shellim now

retire, and offer themselves for re-election.

A' DITOES.

The accounts have been audited by Messm. W. H. otts and A. O'D Gourdin, who now retire, and offer themselves for re-election.

Wood were re-elected to the Board.

AUDITOR,

The re-election of Mr. C. W. May as auditor

was proposed by Mr. Graca, and seconded by

Mr. J. H. Lewis,

Carried,

The Chairman-That is all the business, gentlemen. Thank you for your presence.

be understood, hold nice-tenths of the pro- perty in this Colony, and who do not fully understand, and, therefore, mistrust, and rightly 50, new legislation regarding property. When *he present Public Health and Buildings Or. dinance was passed on the 21st February last,

Fiscal was the cynosure of all eyes this morning and outdid all others in the fastest time on the heavier course-1'mile (0)—34h 1.0, 1.43, 2.16),

Tai Yat and Modesty-mile (0)-35, 1.11, 1.49, 2.27),

Quebec-4 mile (0)—381, 1.10h, 1.46]. Narses-1 mile (0)~33, 1.11†, 1.498, 2:22). It is perplexing to discover what this renowned pony is capable of. Trotting and prancing is at out all the 'public are given a chance to wit- ness, but that he is capable of rendering`un excellent account of himself for the Blue Riband of the meeting all are agreed.

Discovery-4 mile (i)-334, 1.07, 1.47. Lieut. Simpson's Thistle and Major Radcliff's Mabokilbui-1 mile (0)—in company, 41), 1.2t, 1.55, 2.318.

J

Royal and Rex-] mile (0)—1.1<†. Sylph Rose-1 mile (0)—37), 1.124; 1.42,

3.23.

Mignonelle Rose and Pink Röse.. I mile (u)

and was the outcome of several previous354, 1.11, 0.473, 2.234.

ordinances, which were brought forward and, withdrawn, it was hoped by all interested in last only taken, 36, 1.12, 1.49.

Combine and Doris Castl3-14 mile (0)—

Pech and Zufall-imile (0)-36, 1.14, 1st, 2.263.

Chieftain and Tectotum-1 mile (0)-34},, 1.09, 1.45, 2.22.

One of Mr. Rutter's "subs."-1 mile (0)- last 37, 1.13, 1.49.

Daybreak, last 341, 1.08, 1.39.

Reed Tooris and Ben Roy-17 mile (0)-34 1.19, 1.54), 2.30, 3.06.

Dunagayne and Mince Pie-1 mile (ö)—lasİ 37, 1.13, 1.484.

Totila-(i)-last mile, 40, 1.315 cantering in.

35, 3, 1.50. Blue Dun and Mongoose-1 mile (0)-last

Standard and Growler mile (0)-331 1.09, 1.46), 2.213.

THE HONGKONG LAND.INVEST. | property that we had at last arrived at some

MENT AND AGENCY CO., LD.

finality, and that the constant alterations in the law which had been taking place ever since The sixteenth ordinary meeting of share- Ordinance 15 of 1889, would now cease. Such,| holders in this Company was held at the unfortunately, is not the case, and on the 20th Company's offices, Victoria Buildings, at noon

Novermber last the Government Gazɛfic con. 10-day. There were present-Hon. C. W. Dick- | tained over six pages of amendments, and I un. son (chairman), Sir Paul Chater, C.M.G., Mr. J. | derstand, agreat number more are under consi- H. Lewis, E. Shellim, A. J. Raymond, N. A. deration. While such constant changes continue, Siebs (directors), T. Arnold, G. M. Bain, W. H. properly must remain insecure and cannot hold, Gaskell, R. K. Leigh, J. R. Michael, S. J. as it should do, the first place as an investment, Michael, M. S. Northcote, W. Parlane, II. W. As regards the property held by the company Slade, F. Rt Smith, Ho Tung, Ho Fook, Ho and at present unlet, this will, we must all Kom Tong, Lo Cheung Shiu and A. S. Hooper hope, soon right itself. It is a state of things, (secretary)

which has never happened here before; for the Colony has always suffered from a lack of house accommodation, especially for the Chi- nese, but to-day there is no doubt a large num-gallop to a close in a three-quarter miles berof unoccupied Chinese houses both in Hong- kong and Kowloon. It is the old question which has axed all the large cities of the world and that is, bow 10;et the inhabitants, especially the working classes, to leave the centraland over- crowded dutricts and live farther afield. The wisdom of having an equalization of dividend fund is now amply shown, and we must con- gratulate ourselves in having such a fund, and look forward to the good years when we shal be able to replenish that fund 1 beg le ec nd the adoption of the report and accounts. (Applause),

The motion was put to the meeting and

The notice convening the meeting having been read,

The Chahman said :--Gentlemen, it is mat. ter af regret to your directors that the result of the past year's working fail so far short of its immediate predecessors. The chief deficiency is in the profit derived from sales of property which amounts to enly $86,000 as compared with $393,000 the previous year and, $275,000 in 1951. Tight money, the uncertainty se regards C. W. DICKSON,

exchange, doubts as to the effect of local

Chairman.

legislation, and more recently fears engendered Hongkong, 19th January, 1904,

by the political outlook have all tended to inactivity in the demand for property. The BALANCE SHEET TO 31ST DECEMBER, 1903. profit shown is derived from the sale of only two properties. Then again our rent roll has $100 Capital 15,00 shares at

each $2,500,000, of which are

been disappointing. We bave unlet at the issued 17,5000 shares at $10

present time houses ready for occupation which | carried. ea = $1,150,000, $75 per

at reasonable rentals would bring in not less share paid up... Loans payable Accou. is payable...

Liabilities.

...$

937,500.00

It is probable that the season of 1904 will see a new departure in county cricket. Several Jeading county cricketers have been approached, and unofficial meetings have been held in 1.on. don and Birmingham, and all were in favour of pushing forward the proposal that, in addition to the present county championship, a new intercounty tournament, by which all beaten teams shall fall out in each round, shall be in- stituted. Circulars have been sent to the first- class counties requesting meetings to consider Furniture the scheme, and-even-if-some of the richer | Accounts receivable counties do not fall in with the idea, it is be- Balance of profit and loss account Javed that the support of the remainder will prevent it being droppid.

111 Hay to drink to the war to drisk in the rice is the

made in the truplus-BAN MIGURL:

'made in the tropics-SAN MIGUEL

DIRECTORS.

than $14,000 per annum, but for which, so soon seconded, and it was agreed that the appoint Mr. Uain proposed, Mr. B. C. Wilcox 300,000.00

as the law dealing with the overcrowded dis- 160.50

ment of Mr. E. Shellim be confirmed.” tricts of the city is enforced, there should be no

On the proposition of Mr. Gaskell, seconded $1,237,650.50 difficulty in finding tenants. We are, in short, by Mr. Ho Tung, Messrs. A. J. Raymond and

a little ahead of the times. In addition to | J. H. Lewis were re-elected to the Board.net. this would remind you that our prac 2.5'094 1,00887497 tice is to charge to revenue each year all 65a81 interest on development expenditure, so that 219,404.66 when buildings are completed they stand in the

6,219.10

company's books at their actual cost exclusive

Assets.

Cash...

14

....

Amounts invested in property

146

'AUDITORS.

Messrs. T. Arnold and C. W. May were, on

te proposition of Mr. Slade, seconded by Mr.

» R. Michael, re-elected auditors,

The Chairman That, gentlemen, concludes- the busi ess. I am obliged to you for your attendance. Dividend warrants will be ready

$ 1,237,660.50 of interest, a policy which though it serously

affects earnings during the period of construc- to-morrow..

THE Beer to drink in the tropics is the Beat

made in the tropics-SAN MIGUEL

THE Beer to drink in the tropics is the Boer

made in the tropics-SAN MIGUEL,

Mr. "Joe's" Bunder brought the momipg's a spin in

37, 1.13, 1.47, the owner being well gratified. with the good time which, he considers, is the result of the physic administered to the pony.

EARLY BIRD

SHIPPING AND MAILS,

HAILS DUE;

English (Gkuran) z1st inst. American Siberia) 1st prox. German (Sachsen) and prox Indian (Suisang) 3rd prox German (Seydlits) 4th prox. Tacoma (Tacoma) 11th prox. American (Coptic) 12th prox,--

The N. P. S. Co.'s L. Olympia arrived af Yokohama and sa∙ls agaia to-day..

The Imperial German Mail s& Gera, which 1ft help on 33rd inst., at 4:30 pm, arrived at Shanghai on Tuesday, at 6 pi

...The P, & A. S. S. Co.sss. Indrapura Itrived Yokohama on 27th inst, and is expected to

at

arrive at Hongkong on tath proz

The P. M. 9. S. Cas 1.4 Si

the American Mail left Yökohama on and may be expected here on

HE Beer to drink in the tropics is the Bee made in the tropics-34

made in the tropics- SAN MIGUEL

HE Beer to drink in the tropics lathe Four