1904-03-10 — Page 4

Kntimations.

THE HONGKONG TELEGRAPH, THURSDAY, MARCH 10, 1904.

NOTICE All communications intézdet tar publication. In The HONGKONO TELEGRAPⱭI" should be addressed to The Editor, 1, Ies Hours Road, And should be accompanied by the Writer's Name and Addros

Ordinary business communications should be addressed

10 The Manager.

A. S. WATSON & CO., The Elitar will not undertake to be responsible for

LIMITED.

WINE AND SPIRIT MERCHANTS.

OUR SHERRIES

ARE

GUARANTEED

PURE

XERES

WINES.

SPECIALLY SELECTED FROM THE

FINEST VINTAGES.

PRICES:-

l'er diz

B. SUPERIOR PALE DRY, Dinner

Wine, Green Seal Capsule ...$12.00 C. MANZANILLA, PALE NA- SHERRY, While TURAL Capsule

CC. SUPERIOR OLD PALE DRY, NATURAL SHERRY, Red Seal Capsule

1. VERY SUPERIOR OLD PALE DRY, Choice Old Wine, White Seal Capsule

E. EXTRA

any rojected MS., is to return any Contribution.

SUBSCRIPTION RATES (IN ADVANCE). DAILY--$30 per annum. WERKLY-113 per annan. The rates per quarter al per mensen, proportional, The daily is delivered free when the address is scessible to momonger. On copies vont by post au

HONGKONG & KOWLOON WHARF AND GODOWN CO., LIMITED.

ANNUAL MEETING,

The seventeenth ordinary annual meeting of this company was held at the Company's offices, z, Connaught Road, al 12.15 p.m. to-day, Ther were present-Hon. C. W. Dickson, (Chuis man), Hon. Sir C. P. Chater, C M.G., Messrs. E. Goetz, A. Haupt, E. A. Hewett, A. J. Raymond, H. Schubart, E. Shellim, N. A. Sichs, E. 5.

ings of the company adınitted of it. There might be room for differences of opinion as to the necessity of writing down their property, but there could be none that such a policy strengthened the position of the company, and he was certain it would be favourably regarded by the great majority of shareholders (applause). He thought a steady dividend was preferable to a feast one year and a famine the next, us he understood Mr. Michael to advocate.

Mr. Michael said that as regarded a steady dividend he had air ady unticipated the Chair- man's explanation. He maintained that those

couraged. Once the well is made the water sure to be used for drinking purpose

The Vice President moved that the applica tion be granted subject to certain conditions.

The motion was carried by the Board

· RAT RETURNS, KURISER During the week ending March the 7th, 389 rats were captured in the Colony, six of which were infected with plague, being a percentage of 1.54.

LIME WASHING.

Additional $.0 per quarter is eliseged for postage. Whealler, and A G. Wood (directors). R. 1. people who sought as eady dividend could 3263 houses had been limewashed. There had

The portage at the weekly isne to mny part of the

world is 30 ente per quarter. Single Copies Daily, ren cents; Weekly, twenty-

live Cents.

BIRTH.

On the 27th February, at No. 1 Bund, Yoko- hama, the wife of HERBERT IRVING BELL, of a daughter.

MARRIAGES.

Al Holy Trinity Parish Church, Elthan, Kent, on 2nd Feb., hy the Rev. Frank C. Bainbridge-Belt, M.A assisted by the Rev.

leter Lambert, 3 A., FRANCIS DAVID, secund son of the late William Mactaggart, of Eltham and Mrs. Mactaggart, Thetford, to DOROTHY JANNY, third daughter of Edmonds Massey Esq., North Park, Eltham,

Macgowan (acting secretary), R. G. Wilcox, F. D. Barretto, J. R. Michael, and S. J. Michael.

The notice convening the meeting having

been real,

The

The Chairman said-Gentlemen. sepatul accounts have heen in your bands

invest in Bank's fixed deposit or Kowloon Wharf and Godown's debentures. He thought

it was evident that the directors had decided to remain the same, and although the profits were $79,000 add more than last year share. their money into a concern like that they holders were to get no more. When they put

Up to March 1st, in the City of Victoria,

been 31 prosecutions and fines amounted $481.

WATER ANALYSIS."

ist of samples of drinking water, from the The examination by the Government Analy” Pokfulam and Tytam reservoirs, Cheung Sha Wan and Kowloon supplies, showed that the

for several days and I propuse, with your wanted to reap the benefit of its prosperity, liquid was of excellent quality.

permission, to take them as read. There was a satisfactory increase of business during the year, and a good demand existed for godown

accommodation. We were able, with the large premises we have erected in recent years, to meet all the demands made upon us, with the result that we are able to come before you

He was sue other people were of the same opinion as it was only reasonable they should think so. When they had a bad year the

dividend was reduced and' shareholders did not complain.

Un February 25th, at H. 1. M.'s Consulate, with the best bilance sheet the Company has regarded the past year as an exceptional one,

Kobe, and afterwards at Trinity College Chapel, Osuka, Mi. FREDERICK PARROT to Dr. M. E OSBORN CLA AVER,

On the 27th February at St. George's Church, Penan, by the Rev F. W. Hämnes, M. A.. Colonial Chaplun, James ALEXANDER, 401 son of the late Dr. J. Ivor Murray, formerly H.MI's Colonial Surgeon, Hongkong, to LUCY MAXTON, younger daughter of the late Colo-el William Barber, 33rd Madras Infantry, and of

Mrs. Barber of Adelaide, South Australia.

On the 20th February, at St. Andrew's Cathedral, Singapore, by the Venerable Arch deacon W. H C Dunkerley, M.A., MaxwɛTE THEODORE, eldest son of the late Rev. T. 1 Morris, formerly Viene of Morton Morrel, 13.50 Warwickshire, to MARGARET ELIZA, youngest

daughter of the Rev. E. B. Scott, Rector of Clonmore, County Kilkenny, Ireland, and niece of the Venerable the Archdeacon of

10.00 | Leighlin.

18.00

SUPERIOR OLD PALE DRY, Very Finest Quality (old bottled), Black Seal Capsule 27.00

The Hongkong (elegraph

HONGKONG, Thursday, MARCH 19, 1991.

LOCAL AND GENERAL.

A. S. WATSON & CO., THE parcel mail for Europe per s.s. Coroman-

LIMITED.

THE HONGKONG DISPENSARY.

ESTABLISHED 1841.

Hongkong, 5th March, 1904.

TELEPHONE NO. 156.

CABLE ADDRESS; "ACHEE," HONGKONG A. B. C. CODE, 4TH EDITION

ESTABLISHED 1859.

A CHEE &

祥

(35

& CO., 利廣

17, QUEEN'S ROAD,

FURNITURE

DEALERS.

DRAWING-ROOM,

DINING-ROOM,

and BED-ROOM

FURNITURE.

ELECTRO-PLATED,

GLASS, 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, 8th January, 1904

CARMICHAEL

CLARKE,

[45

AND

CONSULTING ENGINEERS AND SHIPBUILDERS, SURVEYORS AND CONTRACTORS.

REPAIRS PROMPTLY ATTENDED TO.

Telegrams: "CARMICHAEL," Hongkong. A. B. C. Code, 4th Edition.

AI Code

Lieber's Standard Code.

TELEPONE, 232.

Hongkong, 20th March, 1993.

def will close punctually at 3 p.m. to-morrow.

THE Courrier Sargonnets announces that several cases of bubonic plague have occurred lately at Hanol.

A HOWLING match Navy v. a team from the Hongkong Club will be rolled off on Monday, the 14th instant. The following will bowl for the Club: . D. Auld, C. P. Chater, A. Ells, T. C. Gray, E. A. Hankey, W. A. Sims, G. Morton Smith, G. A. Woodcock (Captain),

THE X. Y. K. steamship, Hiroshima-12 175, which is chartered by the Government as a transport, went aground the early hours of 26th ult. near Imabaru. In response to tele- grams for assistance the Superintendent, Mr. Twafuji, who happened to be at Ujuma, left by the Aki-muru for the scene of the mishap,

while Mr. Pasion, of the Kobe branch, also sel but to render assistance. The Kabe Chronicie understands that the #iroshima-maru was per off the sand bank before Mr. Baxton arrived.

By kind permission of Lt. Col. Tremonger and officers, the Band of the 93rd Burma Infantry will play the following programme of music, at the King Edward Hotel, during dinner, on Friday, the 11th instant, (weather permitting).

Moch

Datum

thu and Kunst

Sopramme Leutel

Ord Habar

KOSSIBL

Art.

by lonac

Nong

A Mere Selectant Resorts via es el de Pla stations Cleanin Salt

Fotel La tome

Please

Final Save a Kug

THE Hon. Treasurer of the Alice Memnonal and Nethersole Bospitals begs to acknowledge with thanks the following donations to the

funds of the Hospitals ......

Batterfield & Swire

V. H. Deacon

Hongkong and Shanghai Bank.

ing Corporation

Jardine, Matheson & Co.

Reiss & Co..

Green Island Cement Co, Ld....

W. B. Dixon

Kwok Ching Chun

C. A. Tomes...

Lau Wai Chun

J. Gousmann

Tai Shing Paper Manufacturing

Co., Ed.

X. ...

P. H. I.

T. C. C.

P. S. 1.... R. S. P....

bit

100

Du

100

33༔ ྂw་ྲ

THE NATIONAL BANK CASE.

Before the Chief Justice (Sir W. 1. Good man) and a special jury, the action brought by the National Bank of China against Chet On and Co., coal merchants, 22, Li Yuen East Stree, and Chan Lai Chiu, of Kobe, to recover the sum of $64,000 odd, due on bills of ex- change drawn in japan for payment in Hong. kong, which were dishonoured, and charges incurred in connection therewith, was continued this morning.

|

The Chairman replied that the directors

there was no guarantee of the continuance of and rightly so; fur, looking back on the past,

the

MORTALITY STATISTICS.

The summary of deaths for the first four weeks of the present year show a a total of 394. none of which were due to plague,

THE LIBEL ACTION.

TELEGRAMS.

** HONGKONG TELEGRAPH

SERVICE,

THE WAR.

BOMBARDMENT OF PORT ARTHUR RENEWED. CONSIDERABLE HARM TO FORTS

AND TOWN..

(From Our Own Correspondent.)

Tokio, 9th March. 5.40 p.m.

The bombardment of Port Arthur was renewed last night by Admiral Togo's fleet. It is estimated that considerable harm was effected to the forts and town.

ATTACK ON TALIENWAN VIOLENT FIRE ON LAND DEFENCES.

4

A detached squadron has attacked

very satisfactory result of last year's Puisne Judge, Mr. A. G. Wise, at the Supreme alienwan, the land, defences being

ever shown; while the policy we have pursued of keeping abreast, and perhaps even a litilė ahead, of the times in regard to first-class godowns has been proved to be a scund one The Company's house property has also been well let during the year. The balance at credit of profit and less account, including $14.481.69 brought forward from 1932, is $5,665 41. Impression that they regarded the prosperity

of the company as lasung.

working. He though: it was erring on the side of pre ience not to declare a very high dividend, in excess of what they had been in the habit of duing, and which might give the

Mr. Michael-Do I gather from the Chair.

Further evidence was given before the

Elvins is claiming from fifteen Indian watch Court to-day, in the case in which Mr. T.

alleged libel contained in a letter dated 25th men the sum of $500, as damages for an November last.

The Hop, H. E. Pollock, K.C., (instructed

A first sight this may inau's remarks that next year, if the Company by Mr. E. J. Grist, of Messrs. Wilkinson and large amount to devote to that

is proposed to write off wharves and other properly $67,149.73. appear purpose, but you will bear in mind that during the previous two years our earnings did not admit-of-making the provision we should otherwise have done, and your directors have, for that reason, decided to write off rather more freely than usual. Turning to the yorking account, it is satisfactory to nole that while the gross revenue is $69,243.41 more

than in 1902, the expenditure is nearly $to,oco less. Last year I referred to the fact that no case of plague had occurred in the quarters of aur Chinese employees, and I am pleased to be able to still make the same statement. The somewhat heavy expense incuried in sanitary reforms has been amply repaid by what we may

regard as the result. Before moving the udup tion of the report and accounts, shall be pleased to answer any questions that share holders may have to abæ,

Mr. J. R. Michael congratulated the directors and management upon the very splendid accounts presented to the shareholders, and also upon the great economy which bal been effected in the working of the company. With regard to the profits he noticed that $79,245.46 had been made more than was the case in 1902, and m spite of the Chairman's speech, at the last meeting, which was rather pessi mistic of there being very hule prospect tor the ensuing year. Shareholders had been receiving dividends from 1898, 1899, 1900, and tour at the rate of 25 a share, when the company's profit, were less than in the past year. In 1932, as the profits were less, owing to bad tunes, the dividend was reduced to $44 per share, while, in 1953-he might call it a year of plenty because the profit made was really more than what was expected--it was raised to $3 again. He maintained that share- holders looked forward to being treated accord- ing to the prosperity of the company. With

regard to wasting down, with which he was very much a favour, thers being no better principle than doing so to a fair and reasonable amount, he observed that, two years ago, their chairman, who was then Mr. Bell-Irving, told them that their property was in a splendid con- du on, and the wharves, radways, rolling stock, launches, lighters and machinery stood in the books at auction prices. That meant a great dical Since then $34,444 had been written of and transferred to depreciation account in 1902, and this year the writing down had in- creased to double, that amount, say. $102,150. In view of what Mr. Hell-Irving told them the shareholders naturally thought the property very sound indeed especially as auction prices mean? the lowest possible. Last year's wharves were written down 20, What is the life of the wharf, he asked, to write off 20,, m one year, and when are shareholders going to get the benefit of the prosperous years? lie thought he might be told that shareholders would like very much to have a steady dividend, yet he maintained that such was not the case because persons desirous of putting money into steady dividends could invest in debeatures of the Company or in fixed deposits with i anks. in this instance if there was any prosperity share holders wanted to participate in it, and if any adversity they went down with it. And, further, Mr. Bell-Irving, speaking two years ago, re- garding the value of their assets, said they had magnificent property at Kowloon, comprising over 900,000 square feet of land, standing the books, including buildings al

ព

$1 was in

make about the same profit we will get better

dividend?

took after itself, and he could not say what would be dent.

3 he Chairman observed that next year musi

There being at further questions, the Chair man prop sed the adoption of the report and

Recounts.

Mr. Wilcox, in seconding, said that with regard to what Mr. Michael had stated, he thought most of the shareholders would be of the opinion of the Chairman that it was safer and more prudent to have a steady and smaller dividend. He quite sympathised with Mr. Michael about wishing to get a larger divideod if the pronts of the company permitted, and

thought that if the profits continued to increase they should get an increased dividend. Before asking for that, however, they ought at least to see, for two or three years, a settled and con- tinued prosperity that would enable them to get a upos that footing and be sure of their ground. The best way was to continue to write oft depreciation a very large amount. The wear and tear of the wharves was very great, and also of the godowns, and he thought it would be much more prudent to put a generous sum to depreciation.

The motion was carried.

DIRECTORS.

The Chairman proposed, Mr. Barretto seconded, and it was agreed, that the appoint ment of Mr. Ed. Shell and Mr. E. S. Wheal ler as directors be confirmed.

The Chairman proposed, Mr. S. J. Michael seconded, and the meeting approved, that the retiring directors, Mr. H. Schubart and Mr. C. H. Thompson, be re-elected.

AUDITORS,

On the mistion of the Chairman, seconded by Mr. J. R. Michael, Messrs W. H. Potts and A. O'D. Gourdin were reselected auditors for

the ensuing year.

The Chairman announced that dividend warrants were ready, and could be had on application. They would not be sent out.

SANITARY BOARD,

A meeting of the Sanitary Board was held this afternoon in the Board Room. Present: -The President (Hon. Dr. J. M. Atkinson, P.C.M.O.), Hon. W. Chatham (Vice President), Mr. Ahmet Rumjahn, Mr. Lau Cha Pak, Mr. Fung Wa Chun, Dr. Pearse (Acting M. D.

H.), Dr. Barnett (Assistant M. O. H.), Col. Webb, Mr. G. A. Woodcock, Secretary, and Mr. T. A. Haamer, Assistant Secretary,

The minutes of the previous meetings were confirmed,

THE DRAIN GI SYSTEM.

Grist), appeared for the plaintiff, and in the. absence of Mr. M. W. Slade, engaged in another case, Mr. J. Hastings represented the

defendants.

Mr. Elvins was again examined and denied the allegations made against him by the de- fendants. Case adjourned.

THE CHINA AND MANILA STEAMSHIP CO., LD.

fire from the ships. swept by a violent and concentrated

Further details will be wired later. RAID ON VLADIVOSTOK BOMBARDED DURING FORTY MINUTES.

(From Our Own Correspondent.)

Tokio, 10th March.

11.35 a.m.

The Japanese Northern squadron attacked Vladivostok on the oth instant, at midday.

A bombardment of the town and forts was maintained for forty minutes,

Following are the accounts for the year with satisfactory results."

1903:-

PROFIT AND LOS ACCOUNT.

4,000.00

Balance brought forward from 1902 $ 44,354.81 Consulting committee's fees.......... Auditors' fees.....

Interest

Exchange Charges Depreciation on buoys, moorings

and stares

Loss on working account

400.00 25,912.59 5,230.05 6.985.77

RUSSIAN FLEET ABSENT.

CONSIDERABLE EXECUTION

DONE.

The Japanese Admiral states that the squadron withdrew without loss after the action.

968.58 lle was unable to engage the 149,776.12

Russian fleet, which was nowhere to $237,657.92 be seen.

The enemy's positions were crowd- 562.52ed with soldiers, and considerable execution is believed to have been done.

Profit on sale of 9.5. Diamente......$143.748.40 Unclaimed dividends written off... Amount at credit of underwriting

account transferred Balance

BALANCE SHEET.

Liabilities.

Authorised capital 30,000 shares

34,223.36 63,123,66

$237,657.92

@$50 each........$1,500,000 Issued and fully paid 24,375

shares @ $50 each...............$1,213,750,00 Calls on shares forfeited now be

longing to the company Sundry creditors ................. Company's bankers

Assets. Value of fleet Rubi, Enfire, and

Perla Value of H'gkong buoys

+

VLADIVOSTOK SHELLED.

JAPANESE SHIPS SPLENDIDLY HANDLED.

(From Our Own Correspondent.)

YOKOHAMA, 10th March,

10.25 p.m. Admiral Kamimura, who is in command of the Northern Squadron,

8,785.00 40,874.95 reports as follows: 446.933.32

$1,710,343.27

.....$1,486,377.75

and moorings .....$ 3.478.25

Lers depreciation

for 1993 m 178.25

Value of Manila buoys

and moorings.......$ 4,195.32

Less depreciation

for 1903

195.32

Value of stores on band $ 7,095 01

Less depreciation

for 1903 ure 595.01

*******

Coal on hand Proportion of premises on current

policies....... Sundry debtors

Mr. Ahmet Rumjahn, pursuant to notice, moved that steps be taken by the Board to remedy the defects in the drainage system introduced by the Sanitary Surveyor into the block of buildings known as Nos. 46, 48, 50, 52, 54, 56, 13 and 60 Caine Road.

Mr. Rumjahn was speaking when we went Outstanding freights 1903 to press.

Cash......... Balance of profit and loss account

A detailed account of this discussion will appear in our 10-morrow's issue.

SINKING OF A WELL.

Messrs. Palmer and Turner sent in an ap

Marine Lol No. 18; adjoining the new Tai Ping theatre, for the purpose of filling the

tanks with water to be used in case of fire.

unly $2.58 per square foot, the land pusses-plication for permission to sink a well on sing unrivalled deep water frontage and covered with first-class buildings. possible, he thought, to acquie such sites with buildings on them for less than 37 or $8 per square foot at the present time. If they based the dividend on the value, shareholders could hardly get 31%. In view of what he had said, he asked the directors to consider matters a little more from the shareholders' point of view, and try to improve their position according to the progress of the Company's prosperity.

Mr. E. H. Sharp, K.C, barrister-at-law (ih- structed by Mr. H. W. Looker, of Messrs. Dep- con, Looker, and Deacon) appeared for the The Chairman pointed out that the facts plaintiff, and Mr. M. W. Slade, barrister-at-law mentioned by Mr. Michael were before the (instructed by Mr. C, D. Wilkinson, of Messes. directors when they decided to make the Wilkinson and Grist), appeared for the de-recommendations embodied in the report. fendants.

Counsel addressed the jury and alter tiffa bis Lordship summed up the facis of the case

On an issue regarding negligence the jury [47 found for the plaintiff.

Their aim was to maintain, as far as possible equality in dividends, and in carrying out that object they were last year unable, as he had endeavoured to explain, to write off as much as would have been done bad the care-;-;

HE

THE Boer to drink in the tropics is the Bee' THE Beer to drink in the tropics is the Beer Tade is the tropic-SAN MIGUEL

mada in the tropics-SAN MIGUEL

in the MIGUEL.

in

Dr. Paarse minuted that whatever purpose a well was originally intended to serve, it might | in time of draught be used for obtaining drink- ing water from, and he therefore recommended, as a precaution, that the well be sunk in the middle of the vacant piece of ground to the east of the steps leading to the theatre door instead of close to the adjoining building. The well should be cement-rendered to within 3 or 4 feet from the bottom and the brick work should be carried up above ground to form a parapet 1-2 feet in height. Further the surface of the ground around the well should be coo- creted and cement surfaced for a radius of 6 feet round the well.

ME. A. Hewett minuled that be did not think that the making of wells should be eas

HE Beer to drink in the tropics in the

made in the tropics-SAN

"On the morning of the sixth we succeeded in approachirig Vladivos- tok, and gained a position under the north-east shore batteries, where the fire from their guns could not reach the ships of the squadron.

"We vigorously shelled these positions and the town beyond, for 3,300.00 forty minutes, making use of an

indirect plunging fire."

4,000,00

GARRISON SUFFERS.

FORTS DAMAGED.

"The effect of our fire was plainly

16,500.00 visible from the ships,

15,137.0

54.759-37

"Serious damage was done to the enemy's forts, and the loss to the 15,194.36 garrison must have been severe, for 50,068.55

many of our shells burst amongst 1,882.58 63,123.66 the soldiers we could see crowded

inside the fortifications,

$1,710,343.27

We have compared the above statements with the books and vouchers of the company and have found the same in accordance therewith,

T. ARNOLD, ?

Auditors. W. H. POTTS,

Hongkong, 9th March, 1904.

SHIPPING AND MAILS.

MAILS DUE. English (Sila) 11th inst. American (Gaelic) 11th inst Indian (Kumsang) 15th inst. German (Roon) 15th inst. Canadian (Empress of China) 15th inst.. German (Hamburg) 18th last. Indian (Sulsang) zand inst. American (Câisa), a5th inst.

"No reply was made to our fire, as our ships were masked by the land.” SEARCH FOR RUSSIAN FLEET.

NOWHERE TO BE FOUND." On the following morning, the Japanese squadron reconnoitred American Bay, but could find no trace of the enemy's fleet.

Admiral Kamimura's vessels re- turned to Vladivostok at noon, and approached close up to the eastern mouth of the harbour.

No opposition was offered by the Russians.

seeded:

The squadron then Possiet on the 8th, but no sign. Derceived of the Russian:

HE Beet to drink in the trop

к