1906-01-20 — Page 11

"SHELL" IRANSPORT AND TRADING CO.

"ANNUAL MEETING.

THE HONGKONG TELEGRAPH, SATURDAY, JANUARY 20 1906.

sincere thanks to Sir Thomas Sanderson, who, for so many years, has been Permanent Under Secretary at the Foreign Office, and with. whom this company, hava, had the most cordial relations and sympathetic support He, at nil events, has never been under any misap The unauki general meeting of the share- | prohension 'as to the British character of the Company, or of the good they have done in the advancement of British trade. 1 feel that the public service will lose a moi

tary (Mr. E, A. Smith, siding. The secre- valus' te ned loyal servant in his retirement,

holders of the **Shell" Transpuri and Trading Company, Limited, was held at Winchester House, EC., on 12th ult, the chairman, Sir Marcus Samuel, Dari...:

having read the notice convening he inceting and also the auditors' report, this Chairman said:

I now have the pleasure to submit the seventh annual report of the "Shell" Transport and Trading Company, Ltd., and I ask the attention of the shareholders to the fact that, in this comparatively brief period of the com-

THE BENZINE TRADE S

if the deip-water port of Balik Pappan, Qur We have suffered from the same cause with | <rologists are absolutely convinced that we shall our benzine, which I firmly believe is the best have a field there quits equal to the one we in the world for, motor, traffic. The public will | have developed so successfully at Sanga Sanga. by persons whose interest it is to decry heavy mi es, so that I think I have been justified, and live themselves to blame if they are led away this be true we shall have another anticlini. ca! of ad extending for no less than seven benzine and lu vaunt the light. The fact is that specific gravity has nothing whatever to still feel justified, in telling our shareholders i! de with wilitarian powers for motor. purposes nly requires patience to see this company of benzine. The boiling points should alene issume a position second to co oil company in he Laken into consideration, and it will be the world. The fields are abanidiely our own. found that the Bornes benzine is positively can only congratulate you on the state of the ident in this respect. When we can sell the company's affairs, and thank you for the ebefi whole of our production of this one article, an

dence you have placed in your Board. (AP immense addition to our revenue will be plause)-& C. Express. ་ ་ secured, for, during the current year, we have been compelled to actually bure under our tills at least 35,00 tons. The great' exp n. sion in the motor car traffic will, I am con-

Th further

The report and balance sheet of the past Trading Co, which were published in our

*MEDICAL COLLEGE FOR NEWOMEN DE

ANNUAL GRADUATING EXERCISES./

[From

Our Own Correspondent.]

and

year's trading of the "Shell Transport anddience of men and women, föreigners an

grouped about? "The Lafayette' Compound”. Not the least important fact to mention in that: all this work in self-supporting Gifts are still;, needed to furnish the children's hospital, then training school for nurses and the maternity ward, but when the work is begun the Chineas pay all the running expenses, assistants' sal- aries, etc,

The guasts were entertained at tea furnished! by Mrs. A. A. Fulton, at the closer of the inspection of the buildings.

THE NEW BOY",

ANOTHER AD.C. SUCCES),

13th iäntä!

'pany's existence, we have accumulated a resarve to benefit their own trade, hot to indict' löss vinred, creais a market for our product, and if Jasta iastic, must be read with great sitīs. Sintes Consul-General presided. Batide the schoolmaster who, stalks majestically"

fund of £400,000, and placed in the credit of depreciation a sun very little short of half a million sterling. These figures, however, do not include the amounts which have teen placed to depreciation in the various subsidiary companies in which we are now interested, and in the accounts of each of which due pro vision is minde under this heading. Turning to other flems in the bilance-sheet, and dealing first with the credit side, I will point out that, In an article which appeared in the Wetu, including, the sum brought down from the year. York Herold, of September 3, they are repre- 1903, the gross profis amount to the very large sented as gloating upon the injury, which they total of £324,075 75 td. We had to make our believed they had inflicted, upon the "Shell 1993 balance sheet upon the estimated results Company, for they state that we could aut from the accounts which then still had in be obtain supplies of Texas oil, and that our rendered by the Asiitie l'étroleum Co., Ltd., profits had been reduced to vanishing point, and these figu es include an amount from that In the first, allegation there is not a "word year in excess of what we had estimated. We af truth, since the Guffey Company are regret that there should have been such a delay loyally observing their contract obligations, in preparing the accounts, but fully anticipate | whilst the present balance-sheet in our reply that; now the business is in established work-in the second stateinent. We had instituted. ing order, this will not occaringain. It will be an action for libel agains! the New York ......mean that, under the head of " Assets" there is | Herald, but as they have withdrawn all their an alteration in the wording if our previous statements, apologised, and paid our costs; balance sheets. It will no doubt be entirely we could not go on

but it is a revela satisfactory to the shareholders iu know that tion as showing the altitu

C.

This

this

and Rey

nection with the Women's Medical College of The annual graduating exercises in con the American Presbyterian Mission has be. which, I am sure, wil those who know him, will

come one of the events of the year in Canton with him good health to enjoy his well-eained

The attendance is always large and the exer leisure, and the honour his Sovereign has just

of a high order. This year was no exception cises, including s

g singing and speaking, are always bestowed upon him. (Hear, hear.) The pre text of the tandard Oil Company that they act

to the rule. The exercises were held as usual in the interests of American oil only

in the large Church a adjoining the Hospital, shattered by their undisguised attempts to

with an intelligent filled

and Aubre foster production in Roumania-nol, I contend,

Chinese. The Hon. F. D, Cheshire, United upon their competiton. Upon what olber the users of maler spirit will only be guided faction by the shareholders of this concern,

him „One of the blighting features in the life of her pos sible hypothesis can we go when we take their by experience, and refuse to listen to specious for the period under aplice han proyeu

on the platform were the Faculty of the College action in benzine? The trade in America caduning, they need have no fear whatever offighly successful. The gross profit, which

5. G. Tope, C. D. Cousins, Wen through The New Boy is the fact that his amounts to something like 740,000 tone a year, any famine in petrol or undue rise in its price in 1903 and 1903 were respectively £219,566

Total, who was present as the representative proidge will insist on using a big "D" in the

course of conversations; the same initial letter: We have been able to send Eastera benzine to

of the Vicemy, and Rev. A. A. Fulun who e should strenuously oppose such and will and 339.330, how amount to more than the United States in considerable quantities, aut enter into any combination having for its 524,075, the latter figure including dented interpreter when necessary. The

may be used by us when we say that the pers and to obtain for it a better price than we cannject the raising of the price lá a prohibitive areciation of £103,000, as against 484,000

interior of the church was beautifully decorated lormance given by the Hongkong A.D.C. 1st over in Europe-thanks entirely to the action On the other hand, in hound to say or 1902, and £86,003 for 1913. This means

for the occasion, The altendance of officials night was absolutely delightful. The DC. of the Standard Oil Company, •

that the rates at which has been sold up to

that after paying the interest on the preference

was not as large ne on former, occasione owing have assayed many parts; they have given the present have not been remunerative, and shares, there in a balance felt of £207,815, as

to the gathering of schools at the east gate mock tragedy, sontimentalism, and serio parade ground where their presence was obli. comedy. it would not do for promoters of automobile gains) 269,515 in 1902 and £158,852 in 1903.

Now they have filled the bill comp. nies in base their calculations on prices the real profit for the past year would have

with a romping farce, which never hats or, ruling wholesale for the last few months, since en some £12,000.mare:had it..not been for

Three young women received their diplomas lingers on the way, but puranes its rampistons these have been made unnecessarily low by the amount which has been spent (and udw

after completing a four years' course of study, course to the end, piling the Ozza of complexity This course of training is thorough, and com

on the Pellon ofi competitors, seeking to force, a combination, written off) on the establishment of the Huro.

[incongruity. There is notības the credit of first transporting benzine in bulk peau branches of the company. Wh

plate. Not only do these students receive slightest doubt that there is real histionic talent in the A.D.G., and it is the misfortune of theoretical kapwledge, but as the students is due entirely to the courage and enterprise of amount should have been written off in one

company. Up to the present time we year we fail to see, but the fact remains that advance in their studies they are taught to put playgoers that the amateurs so seldom appear have been so fully engaged with the develop there is still a pleasing surplus of £100,000 for

their knowledge into practice. In the dispen on the boards, – it was a happy chance that sary and hospital, in the same compound with directed the authorities" to the choice of production, and construction of 16-division between the ordinary shareholders, as ment of finer fineries that we have not been able to give sell as 107,815 te be carried forward, whilee College, there is abundant opportunity for "The New Boy" for representation here. clinical teaching. Then, too, the calls for Are many who saw "The New Boy when sument time to the preparation of by pray to this the reserve fund of the com ducts of which our crude oil is capable. pany now stands at over £500,000. One fact, doctors in the city are so many that these Weedon Grossmith took the leading part, but contains a very large proportion of paraffin, however, is still unpublished, and that is the

students have often established a reputation there are many more to whom the play is bat a name. To the initer the performance last and we are now maturing plans for the erection cast af producing the crude oil and its refining. before the day of their genduation..

night gave unalloyed pleasure; to the former it the amount of the assets which, irrespective of company by the Standard Oil Company if the of a plant for treating this. At the same time The Far Easte, press frequently publish we find that we can make a valuable quality statistics in regard to this, for there is no trade

recalled old days, and even by comparison the depreciation stood in the company's books

statements attributed to them are correct. As of butching oil, solar oil, and lubricating oils, secret attached, and so we see no reason why

A.D.C. did not greatly suffer. There is anime £3,015,519 15. 6d. is represented by property to the opposition of the Consolidated Company, and we shall not be satisfied until we have the shareholders should not receive full details.

pression abroad that anybody can actin a farce; af the most tangible and solid description, the shareholders in the Russian Liquid Fuel done this.

The expenses of management, salaries, and

hat it is only necessary to make grotesque while the items of "Concessions" and "Con; and the Baku Companies (both of whom have We have spent out of earnings during the directors' and other fene, only amount to

faces, laugh raucously in the wrong places tracts" have been eliminated, these sinnding kerosene through the Consolidated) should insist last two years already close on 4,300,000 in £32,150, which figure also covers the charter.

and perform antica: which in real life would at nothing in our books, We have now weit upon fiuding from their directors what the war Homes, the result being that, early in nexting of the steamers, for we are pleased to note

land the performer in the padded ward of a ten Z10,000 off the crist and expenses of the against

lunatic asylum. Never was there a greater has cost them. We have scarcely year, we shall be able to treat 12010 tons ni

that no commission for the same is received by

mistake. It is easier to play Bob Brierly in itsue of perference shares. We have failed in and a bed of roses in the Rastern trade, and rude oil per wack, which, if we choose, will teasu. M. Samuel and Co., a fact which

delivered a short addreis in, which he called otiz dispute with the Commissioners of income. athough, for the period under review, average give us between 5.0c and 6,000 tons a week lands out in striking contrast to the methods attention to the grand work that has been ac

the "Ticket-of-Leave Man" or Dick Phenyl "Sweet Lavender-although only Edward tax, and the large amount which we have paid prices in the East wese good, during the latter of keuses eLiquid fuel is a large item, but dopted in some other concerns.-Petroleum complished by Dr. Mary Fulton. It is only a in connection with the issue of our preference nonths of the year the Standard Oil Company. the consumption has so far not kept pace with Review.

few years since the first building was erected

Terry can play the latter part-than Charley shares has had to be written off entirely out of wiged was furiously against us, and, prices the production, in spite of the fact that we

and now there is a well-equipped medical col The New Boy." Most people can simulate in "Charley's Aunt" or Archibald Rennick in our profits without any abatement for inenme tapidly declined dhiil, thanks to their action in are able to offer to consumpers in the East, a tax. The American expenses have been refidia, which forced the Burma Oil Company material saving as compared with coal This Master of the Rolls and Lord Justice Homer, for children, training school for nurses, and a

In the Court of Appeal, on gth ult, before the tege, a hospital for women, lecture halls, and

arge new building in which is found a hospital exuberance of spirits in a past which calls for emotion: very few can restrain their natural duced to 44,000, this item being represented in also lower their prices, the Indian trade has only another instance of the very great dit in the case of the hell Transport and Trading maternity ward. All these buildings and the high jinks; the difficulty is to be boisterous in by concessions to erect storage in certain poits, been conducted at a very heavy "Toks,

ficulty that planters find in intro uc ng new Cos.pany, Limile, the New York Herald work connected with them have grown up un-

a natural way. Which explains why a man, which may prove of considerable value.

Turning to the debit side of the balance. THE ACTION OF THE INDIAN, GOVERNMENT. † fir icles.... Had it not been for the energy and | Company, Mr. J. Et Bunkés, K.C., for the defen-er the fostering care, of Dr. Mary Fulton, who may be very funny in a private drawing i

Incredible as it may seem, the Indian Germination shown by us, liquid fuel cer dants, asked leave to withdraw the appeal. Surely, such a work is enough for the life time room, looks several kinds of an idiot when sheet, the only items which call for special mention are the sum of £6,635. expended on already shown, by the attacks upon us wants

vernment ac used us-suffering, as i have fainly would not have assumed the place in The action was for a libel published in the New

piactical use that it now has. In view of our York edition of the New York Herald. The and the college is full of students. The speech.

of one person. The hospital is full of patients transplanted to the stage, boring for oil in Zane, and which was unsuc

In The New Boy" as presented last night, cessful, and the item of £112,685 51. rod. only made by the Standard '01 Company-of pnsition warranting us in guaranteeing sup defendan a upon inquiry f and that they couldTootai Wèn was short but to the point. He the, A.D.C. struck the happy mean, The pra This sum represents the loss incurred by this actually being in league with theas; and our fies to would-be consumers in a fashion which not substantiate the statements contained pointed out that there were so many women

dicaments of Archy were the natural outcome. therein,, and they accordingly withdrew all imputations, and apologised for having made

gave life and vitality to the play, brought out of a clinging to conventionality. The actors them, and they agreed, to pay the plaintiffs'

the points, and kept a sympathetic audience between solicitor and client. Sir Edward Clarke, K.C, for the plaintifs, said the

rippling with laughter from start to 'finish.""" While it could not be described as finished plaintiff, were competitors of the Standard Oil

performance there were a good many jagged Company. The latter company published a

edges, which would be ru bed off if the com• pany played together in public half a dozen' times-it was certainly a performance which ly to the ampteurs who took the parts

efforts to obtain redress, either by the abolition, company on consignments of oil made by of the duty in India, or through being granted them to the Petróleum Producte Actieni Gesell. schaft. This loss has been inflicted upon us

facilities for exploraties in Burma, equivalent to those given to our competuors, the Burmia by the foule altempts made by the Standard Oil Company of America and by the Con- Company, were treated with indifference, and äft our representations were rejected. Har salidated Company, whe distribute Russian oil (partly consigned to them, and some purchas

was lent to our many opponents, who, for their red on their own account), to prevent our gain.

ing a froting in the European markets."

KEROOI NK BUSINESS IN BUROPEI

consequently, devoted their attention to build up such business su kerosene in Europe as would fulfil this necessity. The two com paales 1 have indicated, chose to consider that we were peach ag upon their preserves. The sales of our united companies in Europe for the perid 194 until April, 1905, amounted to Foco luns. Thise of our united op it is a ques ponents reached a 320,000 tons tion of simple animelse to ascertain, if our loss amounted to 112,000), what the loss of our competitors has amounted to. I can only

was not practicable to us before we were so thoroughly convinced of the wealth of our terrtory, i anticipate that the demand will very soon equal the supply.

TRADING IN 1905.

You will expect from me inforis alien as, to the results of the trading for 1905, From the

costs

own purposes, represent us is being a foreignala, at our disposal it is extremely difliculong lalement making serious reflections upon

THE ADDRESSES,

There were several features of the graduation exercises that were of peculiar interest. It could not fil to impress a visitor favourably to see the calm and dignified way in which the Chinese lady doctors took part in the exercises, Drs. Lo and Shi each made a speech on the presentation of prizes and diplomas, and did so with tact and judgment. The Consul General

company. Now, gentlemen, no more grave to make up any really reliable figures, but the plaintiffs, which the plaintiffs could not anly medical college for women in South China i does credit to the’A.D).C., and more particular-.;

inz

defendants, but they did so only upon the terms that the defendants publicly, withdrew the allegations in Court and apologised for having made them.

BOYCOTT PROCLAMATION,

ISSUED BY VICEROY SHUM.

isite has ever confronted British merchants the war of prices in Europe continued un- possibly pass over. The statements made I indicated two years ago when the suplies the ex Ministess of the Crown, that firm invest af Russian oil did not begin to make, itself felt their contracts and with having sold Rumanian than the one proclaimed by more than one of it Cctober of this year, whilst the, scarcity thored the plaintiffs with having repudiated of liquid fuel from the Guiley Petroleum Coming capital outside the British Empire-even in in the Far East until an even later. period, the New York Herald, and not directly with the oil as Pennsylvanian. Having to deal with the pany diminished in such a degree that we an article which that Empire, vast as it is, does

average prices realised have been the worst could not, in that trade, keep our stenmiers em. not furnish—are to be proclaimed aliens. It n record for many years, and had it not Standard Oli Company, the plaintiffs accepted ployed, that it was out of question for, us tq matters not that, as in the case of this great allow them to remain idle, and your directors, company, a'splendid carrying trade was secured

lices for our own largely increased produce statement now made on behalf of the tinn of kerosene, the cost of which, I am for British ships; that orders for material happy to say, is very low, we should have amounting to millions were placed with British had a disastrous year's tinding. With these manufacturers; and, that ‹a school was created

factors, however, to set off against the results Bitish

geologists. This company was of the competition we have had to meet, we condemned as being a foreign corporation, feel justified in distributing a dividend at the merely because they were getting their pro duction in Borneo, whilst at lie time they ly, is per share, will be duly paid on January

game rate as for the year 1904, and this name. undertook the development of those fields. The prospects for 1906 are very much petroleum was not konwn to exist in quantities better in every respect, and I believe that by in any part of the British Empire. We are on

the time we meet the shareholders again we e eve of devolution in financial matters,

Are

shall be able to tell then that the results who advocate Tariff Reform that protection will be in full progress, because, we have we to understand from responsible statesmen of the sacrifices, we have made in the past

reans monopoly? Because, if so, I have no

arrived at what I firmly believe will prove doubt whatever as to what the reply of the City of Landon will be. Are we to understand that Company

n satisfactory arrangement with the Burma I cannot conclude my remarks it means parochialism? For there is no other definition of a policy which would confine colleagues and myself at the very severe loss without expressing the deep regret of my British capital to employment in British lands that we have sustained by the deaths of Messrs. only, and would overlook the encrmous ex-

raneous advantages derived by British trade been connected with the company from its Henderson and Runge, both of whom bad as a whole by its world-wide employment.

inception, and had shown the utmost interest and devotion to its business. I now formally move the adoption of the report.

hope that the altered position in the piralcus

trade, showing, as it did, the insensate folly of the course pursited, will bear its results in the future, and that our opponents will recognise that we have come to slay, and that we are sufficiently simng to hold our own in so far as it is necessary for as to do so, be position in the tossian markets has simplified an ar- rangement, seeing that there is truely enough oil to go round. It will no doubt interest you to hear that our Eastern trade, as I long ago predicted, is wholly independent of Russian oil, and the supplies at our command of nur own production and, those of the allied Eastern producers are amply sufficient for our require ments. Had it been otherwise, it is qu

clear

THE INDUSTRY IN BORNEQ.

Mr. R. Jardine seconded the motion, which was carried unanimously,

On the motion of the Chairman, seconded by Mr. Jardine, the retiring directors, Messrs.

S Samuel, W. F. Mitchell, and R.. Black famine

The following proclamation was issued by Viceroy Shum Chun Htsuen a few days ago, in consequence of information received by him meeting are still being held. We are indebted through the American Consul that boycott

to the editor of the run Wan Yat Po for a copy of the proclamation

(1) An Imperial Decree has been issued by effect that all Chinese merchants must carry on the Central Government some time ago to the their business quietly, and that all anti-Ameri- can feeling must be stopped.

(7) On account of this Decree, 1 have inued proclamations to prevent boycott meetings, and to stop the publication of all inflammatory articles against the Americans.

(3) have repeatedly issued proclamations to this effort, and

according to a communica tion receiver by me from the American Consul at Canton the boycott meetings are not stopped, (a) You people know that the Chinese Ex

of a political nature

itat the work of this college was of the great who preferred the services of a woman doctor est importance. But Thotai Wen was not super or in ability as doctors. He would not ready to acknowledge that women were admit so much. But their services were so much in demand that the demand ought to be supplied. He refered to the fact that this is the and said that the Chinese ought to feel ashamed miles to teach them how to do this work. because a foreigner had to come thousands of

some one had to make it, and now the Chinese. However, a beginning had been made, and should take their share in this work. He paid a very high mibute to the work which Dr. Fulton is doing, and wished her continued success in this work for China,

The speech a Mr. Tope was excellent. pointed out the qualifications which a doctor must have in order to command the confidence of patients, Among other things the doctor must be thoroughly trained, a person of deep sympathy and have a disregard for personal

omfort.

11

organ. - Where, all was so good it would be dir cult to tell where to make special mention. such an occasion.

tis rarely that such fine music is heard on

nur: ch

being

portrayal of "The New Boy. Opol, Sarcastic, The tillerole was in the bands of Mr. Tester, who gave an original and excellent; plaintive and cynical, but always returning la The easy-going nonchalance of the blasói townsman, who, having lost his money, and unebje to earn his living by addressing fleenvelopes, is.oow making another bidi fanfor

tune-another man's fortune-Mr. Teater could scarcely have improved upon the past. In the midst of excitement he alone was calm and. worldly-wise. Mr. Tester has a capital stage manner, and a voice which can be heard at the back of the theatre when he whispers. There was The music on this occasion was unusally never any doubt about it when he made a joke, u good. The medical students sang. Dr. Hayes People on the street laughed at his truisme; favoured the audience with two solos. There but, joking arart, it was the impenurbable way.

by Mr. Pomeroy. Mrs. Hogg presided at the audience. Mr. Tester was far and away the best was a quartette by Dr. Wisner, Mr. Wonds, Mr. in which he took the buffets of life and adapt payes and Mr.. Province, and two violin solosed himself to circumstances that charmed the }

actor on the stage; he created,mqro (un in a decorous style than all the others than the. Frenchman even-and he is to be congratula ted on his excellent personation of "The New TRAINING SCHOOL FOR NURSER

Buy." Dr. Candy, LL.D., the school Princi In writing of the Medical College we must pal, found a capable representative, in Mr. not forget to mention the Training' School for

H. M. Kendall. The solemn, pedantic, and Nurses, Women doctors are badly needed, ruffled schoolmaster, open to the chicanery. but they cannot be more grently needed than and duplicity which most men of the world trained

The doctor is practically know how to guard against, was portrayed to helpless without a skilled nurse. The patients the life. Mr. Kendall got down to the feelings, suffer many things at the hands of the inex- of the type and faithfully depicted them. H perienced, In Canton has bean almost im restraint was admirable. Major Phillips, R possible to get a nurse of any kind. It was to was the Felix Rosch of the play-the hard, meet the great need of trained nurses that Dr. morey-making, swindling (if necessary) specuk Fulton determined to open a school for nurses, lator. There was only one fault to find with

Major Phill ps; he was too enervated, › Hay accomplished. It is only a few years since the badu't enough catrzy to fold a newspaper. An first mention of such an institution was made, is not a dilettante; he bustles more, expresses outside broker, or a sharp practice: speculator and yesterday the fist nurse was given her diploma, And in order that this Training School himself vigorously, and does not always have? for Nurses may be properly carried on Misr his hands in his own' packets, A Touch of...... Strathie, a graduate of a nurses training school | electric fluid would give verisimilauda to the in America, bas been appointed by the Presby. | part. As Theodote de Kriane, the French i terian Board to superintend the training of | master, Mr. Smith, R.A, gavo a conventional nurses. Miss trathio. is now engaged in rendering of the stage Pasian. Now he was studying the language and will soon be able to consumed with love; now, in transports of enter upon her duties. Both foreigners and ecstasy at this, that of the next thing. But hai

was a capital foil to the careless New Boy Chinese should rejoice that a Training

and the somewhat over-restrained money" for Nurses has been established

Canton After be conclusion of the exercises in the grabber. Bullock Major, the buily of the school. Church the audience was invited to inspect

was a small finit, but a most realistic perform- ibe new building which has just been com ance was given by Mr. F. C. Kendall,«If_the pleted. This building is three storeys high Kendall would have been loyally hissed, just audience had cons sied of small boys: Mr. and is divided into thred sections, To the south is the hospital for children, with its bright as the holigan hisses the villain of the melo- "sunny ward". On the ground floor are rooms

drams. Mr. Nonhcote had, unfortunately, where the convalescent children can find all very minor part to play, that of the plethoric: kinds of games, and be amused and cared for farmer, who won't have varmints a stealin” of. In the centre of this large building wo find the 'is happies ; and needless to say he played itwith", rooms devoted to the Training School for hinurualability. Among (Hela dies, Mrs. Francis Nurses. Everything is well adapted for the Clark's representation of the widow, tora work to be dons. The north section of this by doubts a clo what should be done, whether

that, owing to the stoppage of the Russian rates. Apart from the circumstances which I do not indicate the true position of affairs; be were re-elected. The Chairman said the direcclusion Bill is purely of the United States, so and what Mr: Fukop decides to do is soon

supplies, kerosens would have been

have recounted, and which may

·

at

Iture with feelings of great satisfaction to the aspects of our industry in Borneo Figures speak for themselves, ad you will see that the total quantity of oil actually exported in 1905, exceeds 200,000 tms. as ngajust 180,000 in 1904, and 104,000 in 1903. These figures cause they only give the quantines actually hat keat competitive far between the discaparted. Still, more satisfaction will be felt by the shareholders when I give you the tributing companies, it is evident that the pro duction of kerosene in the world is in excell

figures to date showing the enormous quanti- of its requirements, and unless the Russian ties of crude oil and products in store. Government (when such is established) alter the policy that they had instituted of discourag ing the consumption of kerosene in Russia, where there is an enormous outlet, I cannot Kerosene........

•

These are the figures to date:****

In Stock

1905. 21,130 tons 19,00

5+

In Stock 1904. 7,290 tons 3,950 N 24,1,20

1.5,607 3.399 *Shipments Shipments

in 1995. 118,722 tops

but look with quisgivings to the resumption of Liquid..................... normal supplies from the Russian fields, since Crude 45410 the increased' production in other directions | In stock by the') precludes the possibility of finding 'remunera Live markets for it abroad;

THE STANDARD OIL COMPANY. The general policy of the Standurit Oil Coor pany has led the Government of the United States to in litre a Commission 10 investigate

the

Moesi Mr Co. for refining)

Kerosente

Liquid Fuel........ 130,425 Crude Oil.......... 36026.

The

|

ters had also appointed Mr. H, E. Amhold, (5) The President

the son of their respected fate director, to fill far, has promised China that Chinese will not the place on the Hoard of his uncle, Mr. Philip | be ill-trented on going to America. Arnhold, who had gone abroad. He moved (6) At pie ent the negotiation of the Treaty is, that the appointment be duly confirmed. Mr. being carried on, between the two Governments. A. V. D. Be 1 seconded, and it was agreed to. (7) We, China, will do our utmost to make Messis: Turquand, Youngs, and Co. were a gand name for the people, and you people re-appointed auditors.

aught to carry on business with Americans as in the past on one hand, and on the other to leave the matter for the Throne to deal with.

(8) You must not instigate or try to cause trouble.

(9) Í any ignorant person persist, in calling meetings, or post notices or circulate pamphlets respecting the boycott of American merchan dise, as soon as he is discovered, he will be arrested and heavily punished.

Mr. Bohrmann, in proposing a cordial vote of thanks to the Chairman and directors, said he had opportunity know how hard they working in the shareholder's interests. Vir Fortescue Flannery seconded the : motion, which was carried.

Welc

(10) command the Police Department to be on the look-out to re that clause gis not broken,

The whole people of Kwangtung must com: ply with my command.

·THE FLUCTUATING DOLLAR:

MERCHANTS "OROPING IN THE DARK.”. Writing on the subject of the rising dollar and the advantages which would accrue to the com munity, and especially exporters, if it were fixed at a get value, the Eastern Daily Mail says

School

building contains the maternity wards. What she should keep her husband, The New Boy a wonderful building it is and so well arranged in knickers, dr boldly tell Dr. Canly the muth,) for those who need it most. One cannot help was beyond praite. It was natural, absolutel relieved as these wards are filled with women that the erstwhile thinking of the suffering and pain that will be unaffected, and convincing. There

with women talent in Mrs:::Clark's performance, and for and children, die ADN DE KE

Playgoor is always grateful,

"The Chairman, in reply, remarked: From the many matters 1 have hid to name is my in 1994.

addreas you will have gathered that this basis, 68,120 tont

ness does need the unremitting care and atten- 124,590

tion of its directors, (Hear, hear.) That is the conduct of its business. The tiandard

15,800 11

freely and willingly given. There is only one pose as the champions of American oil, and

The production of crude oil for the year 1905 matter to which I have not referred, because they allege that the whole object of their being will be about 420,000 tons, as against 285 730 •1 have rather feared to weary you, and that is is to benefit that industry, I find it very lons in 1904, the present production of crude the position of benzine in France. It is a very difficult to reconcile this statement with their pil being at the rate of 11,000 tons per week, curious one. I think it is generally admitted the production being purposely curtailed in actions, for it is within our own knowledge that

that the Sumatra and Borneo, benzina is they bought Russian oil very fargely for ship-consequence of all storage being full.

really the best in the world, and it will be a ment to India, and they chartered at least one business is still in its infancy. I do pot

mauer of pleasurable knowledge to you that of our ships, we know exactly what the oil cost | deviate at all from what I ventured to assert the "Shell" spirit has made immense strides, them. Their action, apparently, was prompted before this era.of prosperty was reached, that and it la recognised as probably the best in the solely by the desire to indict the heaviest Insa the territories are rich and are capable of

world,

That spirit is not admitted into France, they could up on the Burma Dl Company and yielding practically any amount of oil that and under these extraordinary circumstances, ourcives, for they sold the bit in: India very we can handle, but the qualities of the pro- Roumanian spirit-which is

is probably the worst mach indeed below cost, and a comparison of ducis differ materially from those which have in the world--and American, are admitted to Undoubtedly these classes and they are the

prices realised by them, under their disri, hitherto been placed on the market, and we are France under certain treaty rights, which the backbone of the country must be folly pro A word about the building is in place, Pro. It is to be hoped that Mira, Clark will be sBOR bution average over Europe (except Italy, to at a considerable disadvantage through this. 2 French Government made with the Govern-tected, and Government should remember bably no more substantial building has been in many other A. D. G. plays. Miss Blair (240) which I shall refer shortly) will show that they refer to the fact that for many years, American ments of Roumania and the United States. what an important point the low dollar is to the built in Canton. The architects wets Farrell fast right as Nancy Roach the part fitted her are selling this on than they can obtain in markets, and the lamps in vogue were made they have no treaty with the Dutch colonies time a 3/6 dollar would be eminently suited to This has been more than a business affair to gif who has a touch of spice in her nature, and are selling theis oll abroad at prices giving oils were the only oils sold of the Eastern They have a treaty with Holland, but it appears capitalist dependent upon cheap coolie labour and Paget, and they have done their work well like a glove, She avoided thei simpering Imise for the success of his enterprise. At the same The building looks as if it might stand forever, style and yet relained the innocence of the for this description of ail, which is of very light which produce this spirit. The consequence

is a opisie in France, the tainly-tonk, odging by the scent ties that the the architects they evidently desired to as facination zo friso had as belong found country in which, throughout the war of prices, rich in carbon, and it requires a different type imposed upon these

of lamp in burn it properly, because of the car. any rate demanded by the Stare conclusive whereas if the combustion is perfect it gives four manufacturers of benzine only. We have been wiser to have fixed the dollar at 3/% the city than this mission compound. It is those who do not see it will not only missy that cosatry, but to the profit of some three of weeks. To our way of thinking, it would have Probably there is no more husy section of together, "The New Boys success and pany, I do not know any more example of their methods than to invile the not only a better light, but is of the gravity made representations to the Fet of the small round about that som, but the time has gone the night "Good work is going on all the time. The band of the Figth Infantry played that

handy decimal of the sovereign, when it was alive from morning to night, and often during treat, but will lose three hopra laughter Italian Goverment to make' comparisons of | {1 takes time to overcome these obstacles, buien, but so far the influence of this sma Government, it is said, in also contemplat." Those who have contributed in the establishing overturn and selections during, the actor show price paid by their own unfortunate subjects,

those charged to constimers in Great we have succeeded, I am happy to say, in body has been sufficient to defeat our repre

sentations. I am quite sure the shareholders ing a large gold loan in the near future, and of these insiliations may congratulate them theatre was crowded. Britain and in Germany. It is very difficult devising means, at very little cost, to utilise

· havé granted such an absolute monopoly to oil. Although, during the current. year, we time to get the foll value from it matters. Most certainly the present nacer.pended. Another feature is that since the to understand why the Italian Government existing lamps for the perfect barsing of our will appreciate the cormout importance of this, of course only serves.to complicate dives that the money al congratulate them

aur property in Borneo. It taking a tainty, this groping in the dark, is hampering the Standard Oil Company. We have had the have not derived the benefit from this that tell you once again that we corfulply have to business, and is unsatisfactory to all concerned work began yalup has increased and the value Mz8835. Gibb, Livingston & Co.

f the property has more than doubled, in Hongkong, for the Nonk most cordial co-operation of our Fomiga Office we should, owing to the fact we have only just that "feld "one of the "fichelt in the

Dr. Mary Fulton is certainly to be cocgraje, pany (Fire and Life), hay to establish our business in Italy, and not that in time a great outlet will be secured for place called Sungai Klandasan, but it is an a second lieutenant in the Hongkong Volunteer zo small amount of executive ability to carry centre in occupied by an In endra@suring to get redient to leable as nived the difficulty, I am quite convinced We are now batting down the AA MR.SFinck O. Reynolds has been appointed a lsted on the success of her work. If requires Inued by that Compa pas over this incident without tandering my i all the kerosene we can product.

úclinical that we have located within drs calles Corps with effect from the 3rd January, through to success institutions such as arul picture,

the United States.":

and that was by no meani a difficúli task:"Ale

the unfortunate consumers have had to pay hon is not consumed it result in smot very great loss of the majority of the people of dollar will get as high as that within a few make the building worthy of the work to be as Sutan, the servant, had only to look nice.

than the lighter specific