1906-02-09 — Page 3

Intimation.

Powell's.

ALEXANDRA BUILDINGS.

FOR THE

RACES

FEATHER

DAINTY

STOLES.

BLOUSES.

SUNSHADES.

SILK

UNDERSKIRTS.

MILLINERY.

GLOVES.

NECKWEAR.

Newest Goods.

THE HONGKONG TELEGRAPH FRIDAY FEBRUARY 9 1906

* Intimations.

THE HONGKONG, CANTON AND MACAO STEAMBUÁT-COMPANY,

A LIMITED.

NOTICE TO SHAREHOLDERS,

HUMPHREYS ESTATE AND FINANCE

COMPANY, LIMITED"",

་་་

THE ORDINARY ANNUAL GENERAL MEETING OF SHAREHOLDERS of CHE SKVRNTYNINTH ORDINARY the above Company will be held at the Regis, THE HALFYEARLY, ALLTING Drtered Offices of the Company, Alexandra Build- SHAREHOLDERS in the Company will be ings Des Voeux Road, Central, TO-MOR- held at the Office of the Company, Hotel ROW, toth February, 1906, at Noon,, for the Vansions, on THURSDAY, the 15th February, purpose of receiving the Report of the Direc at Is A., for the purpose of receiving a Retors with a Statement of Accounts for the year port of the Directors, together with a Statement endlag 31st December. 1905.

of Accounts, declaring n Dividend, confirming The TRANSFER BOOKS of the Company. the appointment of Directors, and electing will be CLOSED from 3rd to 13th February,

1906, both days inclusive,

Auditor.

The TRANSFER. BOOKS of the Company will be CLOSED from the and to the 15th February, both days inclusive."

By Order of the Board of Directoin,

T. ARNOLD,

Secretary,

[33

Hongkong, 24th January 1906, HONGKONG ICE COMPANY, LIMITED. HE TWENTY-FIFTH" "ORDINARY ANNUAL MEETING OF SHARE HOLDERS will be held at the Officer of the General Managers, at 12.30 PM, on THURS AY, the 15th February, to receive a State ment of the Company Accounts in 318 December, 1905, and the Report of the General Managers.

The TRANSFER BOOKS of the Company will be CLOSED from the 5th to the 15.6 February, boil,days inclusive.

JARDINE, MATHESON & Co.,

General Managers.

do bị nội nha hanuny, 190

Intimations.

EQUITABLE LIFE. ASSURANCE SOCIETY

W OF THE UNITED STATES,"

LETTER TO POLICYHOLDERS

́ FROM THE PRESIDENT/-

JOHN D, HUMPHREYS & SO v.

[170

General Managers, Hongkong: 9th February, 1906......, * HONGKONG AND. SHANGHAI BANK ING CORPORATION.,

TOTICE is hemby, given that the OR NOTH

DINARY HALF-YEARLY MEET ING OF THE SHAREHOLDERS in this Corporation will be held at the City Hall Hangkong on SATURDAY, the nath day of February, 1956, Noon, for the purpose of receiving the Report of the Court of Directors together with a Statement of Accounts to 3rst December, 1905.

1

By Order of the Court of Directors,

J. R. M. SMITH, '

Chief Manager," Hanzkone. 1st February, törő,

1181

NEW YORK, December 4th, 1905. THE POLICYHOLDERS ¦ HAD hoped to make some statement to you before this, but I have believed it was Heat to wait until I could give you a final con- clusion · គ regard to the financial condition of the Society based on full investigation. This explains the delay in communicating with you. On June gth last, under the condidon that 1 should have full power as to man and methods, and with no pledges of any kind to one, I was elected by the Directors of the Society as CHAIRMAN of the BOARD, and, AD ce assomed the active management of Society/affair

the

Soon after I was elected PRESIDENT of the SOCIETY and the Office of Chairman was abolithed.

One of the first acts of my administration was the

employment of Messrs. Price, Waterhouse Company, chartered Accountants of Great Britain and New York, and Messrs. Huskina & Sells, certified public accountants of New York, to, investigate the affairs of the Society, under directions to render complete and e haustive reports on the following subjects :)

1. The Society's annual expenses, including expenses, and cost of securing business

Intimations.

ARRUAL. AUDIT.

It will be the policy of the paw administra tion of the Society to insist on an independent aught of its accounts us to its facal condition. once each year, the resistt of which will bé published.

NOMINATION OF DIRECTORS.

Under the change in ownership of a majority: of the stock, the ibaran - ward at once put in trust;and Directore'ara now nominated by the Frusteus-Hoa. Grover Cleveland, Justice Mor gen J. O'Brien, and Mr. Ceorgs Westinghouse, Thirteen Directors are chosen sunually, and The Trustees will sach year offer an oppor busily to the policyholders to express their pre- ferences in respect of the cholcs of Directors..

POLITICAL CONTRIBUTIONS,

It will be the policy of the Society hereafter. not to make contributions to political cam paigns. It is my opinion that we have no right to use the funds of the Society for any such purpose.

· REAL ESTATE MORTGAGES.

In the last ten years this Society has loaned mostly in large cities. Only in six of there over G $120,000joon on real estate morigagas,

cases bas it had to take property under fore was sold so as to set a profit. It will continue closure and in these six instances the property

to be the policy of the Society to make invest- 'ments of this description.

COST OF IMBURANCE.

The very essence of life insurance in safety and this can be secured only by reasonable premiums,

60HONGKONG AND SHANGHAI BANK legal expenses, advertising expenses, agency Cally that my investigation of the affairs of the

CHINA TRADERY, INSURANCE COMPANY, LIMITED.

iven that an EXFRA NOTICE is hereby

ORDINARY GENERAL MEETING of the China Traders Insurance. Company, Limited, will be held at the Registered Offices of the Company at Queen's Buildings, Victoria, in the Colony of Honkong, on FRIDAY, the Sixteenth day of February, 1906, at 12 Noon, for the purpose of cons eting and if thought fit passing the sur juin special Resolutions, Should the said Resolutions be passed by the j required majority, they will be submitted for crofirmation as Special Resolutions to Second Extraordinary General Meeting which will be subsequently convraid,

Dard the 25th day of January, 1908,

By Order of the Board,

JAMES WHITIALL, Secretary

RESOLUTIONS. -That the Articles of Association of the Company he altered in the following manner!-

ING CORPORATION.

NOTICE is hereby given that the RE

GISTER OF SHARES of the Corpora- tinn will be CLOSED fram SATURDAY, the 10th, in the 24th day of February (both days inclusive), during which period no Transfer of Shares can be registered.

By Order of the Court of Directors,

J. R. M. SMITH,

Chief Manager:

Hongkong, 1st February, 1906;

[182

THE TRADE MARKS ORDINANCE, 1898.

APPLICATION FOR REGISTRATION OF TRADE MARK, ---...—----

A great many Equitable policyholders are stoubtless asking themselves the question whether it will pay them to continue their policies. To such I wish to say most emphail Society has convinced me that there is no cheaper way for the policyholders of the Equitable to have sound life insurance than by I have pointed retalning their policies. As I

the surplus of over G. $67,000,000, $10

invested орон a barin which returns excellent rate of interest upon the revised valuations, and I expect in due time to accom plish such economies that the cost of adminis tration and securing new business will be reduced to the lowest possible batis consistent with safety and officiency, accordingly, The of

other investments of f the Society; their believe that by continuing your policies in the character; and the circumstances under which | Equitable you will with safely.

receive life insurance at the lowest cost cousistent

3. The rest state investments of the Com pay including in the case of each parcel the value at which it is carried upon the books of the Society; the income which it ylelde; and the fair valuation of the property, whether shove or below the value at which it is carried upon the books of the Society.. (If necessary, real estate exparts may be employed in as certaining the value and income of the real citate, subject, of course, to my approval as to men and terms).

they

have been made.

4. The Society's surplus and the manner in which it is carried upon the books of the Society,

5. The methods of keeping the Society's Recounts, and the respects in which its

account. ing may be improved.

NOTICE is hereby given that W. A. ROSS

SONS, LIMITED, has, on the_27th 6. The relations between the Society and the day of October, 1905, applied for the Registra-trast companies, banks, tale deposit companies, tion, in the REGISTER OF TRADE MARKS, and other institutions with which the Society of the following Trade Mark

is affiliated by ownership of considerable amount of stock or otherwise. (In the case of every corporation in which the Society has a dominant or important interest, or with which the Society has special relations, the owner ship of stock other than that owned by the should be ascertained so far as practi:

Investigating Committee of which Mr. Frick 7. The subjects covered by the report of the was Chairman should be fully investigated.

8. When the repost of the New York Super- intendent of Insurance has been made that matter covered by it or by the recommendations report should be carefully studied and every

of the Commissioner should be carefully exam- ised.

in the naine

LIMITED of 17 and 19. William Street of W, A. ROSS & SONS, South, Belfast, Ireland, Aurated and Mineral Water Manufacturers, who claim to be the sole Proprietors thereof..

The following Article shall be substitúc. ed for Article 10, namely 130 The Board, through its Sekretary, shall make Yearly Statements of the Accounts of the Company from the 1st day of January to the 31st day of December in each and every year, which shall be diy udsted and presented to the Shareholders, al each of the Ordinary Meetings of the Company together with a Report on the general positing of the Company. 2.-Tat the

the Beard, through its Secretary, shall make Statement of the Accounts of the Company as mom the 1st day of May 1905, to the 31st day of December, 1995; which shall be duly sudited and presented to the Shareholder at the next Ordinary Meeting of the Company in be held during 1966 and that, in much as the Accounts of the Company have already been audited and presented to the Shareholders the 30th April, 1905, no further or other Statements of the Accounts of the Company Toj] forthe year 1905 shall be called for by or presented to the Shareholders in respect of Article 130 as this day substituted. (1.63 GREEN ISLAND CEMENT COMPANY,

LIMITED.

10

i

THE

HE SEVENTEENTH

ANNUAL MEETING or SHARE ORDINARY HOLDERS' in the Company will be held in the Office of the General Managers, St George's Building, Victoria, on SATURDAY, 24th February, 1906, at 13,308.8, for the 'purpose. of reca ving a Statement of Accounts and the

Report of the General Managers for the year ending, 31 December, 190, declaring a 1- dend and electing Consulting Commiller and Auditors..

The TRANSFER 300K of the Company will hɛ CLOSED from TUESDAY, 26th February, until SA PURDAY, 24th February (both days incinsive),

SHEWAN, TOMES & Co,

General Managert. Hongkong, 6th February, 1956.

(203

HONGKONG AND WHAMPOA DOCK COMPANY, L'MITED.

NOTICE TO SHAREHOLDERS.

The Trade Mark has been used by the applicants in respect of the following goods MINERAL, AND AERATED WATERS, NATURAL AND ARTIFICIAL INCLUDING GINGER BEEK, IN CLASE 41- Dated the 9th day of January, 1905,

DENNYS & HOWLEY,

Solicitors for the Applicants.'

COLD STORAGE.

ICE COMPANY, LTD, have now 40,00 Cubic feet of COLD STORAGE available at EAST POINT, Sinres, will be Open at to A‚M, and 4 PM perishable goods. Baily, Sunday excepted, to receive and deliver

THE HONGKONG

WM. PARLANE, Manager.

Bongkar, zand fane, cont

CIGARS

Subsequently a still more elaborate plan of investigation was agreed upon with these Accountants, and I doubt if any American in- suance company ever before had such an exhaustive examination,

An

I therefore advise you to continue to pay your premiums ; to allow your policies to lapis will be doing yourselves injustice. Your con tracts with this Society are as safe and sound Where lapses an anything earthly can be. have already occurred the agents of the Society will cheerfully assist in restoring policies.

and

EXTRAORDINÁRY EXPENSES IN 1905.

Intimations,

THE POPULAR

SCOTCH

BLACK&WHITE

JAMES BUCHANAN & CO.

KCOTCH WHISKY DISTILLINĖS, By Appointment, to B.M. THE KING

and

HRH the PRINCE of WALES

Supplied at all the LEADING CLUBS and HOTELS, and to be obtained from the principal Stares,

TUBORG BEER..

I congratulate you and all policyholders in solvent concerns on the reformatory results of the agitation of the past year. This Society alone has undergone four separate investiga; tions since January 1st. "The extraordinary legal

FIRST Class PILSENER BEER expense entailed thereby is amply guaranteed free from Salicylic Acid, other compensated for by the enforced restitutions and checked waste herein above referred to and

had any other Chemicals,

convinced thing bara by the final assurance you now have of the wealth

and solvency of your Society.

this.. and other invation/Am and the resulting attracted public attention to the impregnable of established concerns like the

stable more affectually than could have

been done by any other means. While there investigations may have been destructive individual reputations, the utility of life-la» rarance has been more fully demonstrated that ever before.

There will be no effort by the new adminis. tration to have the biggest company in the

It has taken a large force of men five months world, the effort will be to make it the brat and Conservative lines will be followed. It to ascertain the exact financial matur of the will be the policy not to solicit ar secure new Society, now fully exposed by the balance sheet business at the expense of the present policy. transmitted with the following note bad repro-holders, and in case it is determined that duced.on pages 6 and 7.

New York, November 25th, 1905. Nr. PAUL MORTON, President,

The Equitable Life Assurance Society of the United States, 124, Broadway, New York DEAR SIR-The exhaustive examination which we have made of the affairs of the Equit able Life Assurance Society of the United States is so far completed, that we are now able to furaish you with a Balance Sheet show. ing the true Financial Position of the Society on Beptember 10th, 1905

{20 Atl

•

DUTCH CIGARS, MIXTURE OF JAVA AND BRAZIL TOBACCO WITH

SUMATRA COVER

Well-known brands are:- Mercurio (Cigarellos). Orlanda Carlo Basto, Flor de flores,

Timosa, Don Alonso La Bella Rita.

Club. Excellente. HAMBURG CIGARS

OF BEST BRAZIL TOBACCO. Roland von Hamburg. Recordschlager, Visiocracia.

Flor de Mondego. Hammonia Docks. Beat everything of samı origin. VIRGINIA CIGARS OF BEST VIRGINIA TOBACED.

Kaiser Wilhelm A smoked by H.M. King Edward and H.M. 'Emperor William. SOLE IMPORTERS →→→ LUTGENA, EINSTMANN & CO.,

THE ORDINARY YEARLY MEETING SHAREHOLDERS will be held in the Offices of thi Company, Queen's Buildings, New Prayn, on MONDAY, the 26th February, o'clock Noan, for the purpose bi 1906, at receiving the Report of the Directors and the King Edward, Statement of Accounts to the 31st December, 1905.

The TRANSFER BOOKS of the Company wil be CLOSED from the 12th to the 2616 February, both days inclusive.

By Order of the Board of Directors,

THOS. I. ROSE, Secretary, Hongkong, 31st January, 1906,

[173]

Moderate Prices.

EYES

WM. POWELL, LIMITED.

ALEXANDBA BUILDINGS.

» ..

Hoogkongth February, 1906. '

7. Pedder Street, 2,.

Third Floor. Please take the Lift.. Hongkong, 17th October, 1905,

RIGHT!

N. LAZARUS, OPHTHALMIC OPTICIAN, 8, PEDDER STREET, HONGKONG.

món' The Assets of the Society as claimed wore

found to

be on hand, and amounted in value

10 $416,106,500,10 as shown by the Balance Sheet.

The Surplus over and above all Liabilities amounted in G 67,142,865.42.

A conservative revaluation of the Aurets, ip- cluding a re-appraisal of all the real estate owned by the Society or covered by mortgages held by the Society, has resulted in a reduc. tion in certain of the values adopted in the Society's last Annual Report, principally. in Real Estate and in Stocks of certain financial mititutions.

Yours very truly, (Signed) PRICE, WATERHOUSE & CO.,

Chartered Accountants.

by A. LOWES DICKISON, F.C.A, C.P.A.

(Signed). J'AJKINS & SELLA,

Certified Public Accountants,

by ELIJAH W. SELLI, C.P.A. You will be gratised to learn; (1) That all the assets claimed by the Society are on-hand, are of

and are con high grade, 4 servatively worth G 1416,166,500. 10.

(2) That, over And "above all liabilities, the surplus

G $67,147,505,41, about seven. sighths of which is a fund for division among isting deferred | dividend policies at the and of their accumulation

periods.

In the book value of (3). That the reduction our assets

and surplus is caused by a revalus. tion on a conservative basis, and in no way reduces the income of the Society.

The decrease in the value of assets ls chiefly in real estate which was carried at prices too [6o high, and in abares of certain financial institu. tions which were carried at market prices based on transactions, which were deemed by

WILL test your eyes free of charge, and if they are wrong will put them right,

Lenses Ground. All kinds of Repairs. Spectacles for all requirements.

Aşk, or write, for Illustrated Booklet on "Defective Sight"--free,

LONDON,

CALCUTTA,

(SHANGHAI, 566, Nanking Road.

#r, John Street, Bedford Row, W.c. 59, Bentinck Street.

Hongkong, 17th November, 1905.-

the accountants to be excessive.

RETRENCHMENT.

Economies amounting to G. $600,000.00 a year have already been introduced, which if capitalized on a four per cent. basis would be equivalent to an additional investment of over G $15,000,000. This more than covers the marking down of assets. I expect to fastitate still farther aconomies of a radical character,

RESTITUTION.

|

business in any section of the world is uppta fitable, that field will be abandoned.

Over 98 per cost. of our death claims are settled' within 24 hours after proof of death is received, and since January 11, 1905, through all of the agitation concerning life insurance, this Society alone has paid out in death claims and benefits of other Linds over G. $116,799 every working day.

Assuring you that it will be my constant endeavour to conduct the affair of this Society. in a manner that will merlt your hearty appro- batlon, I am,

T

Very truly yours,

PAUL MORTON, President,

'BALANCE SHEET.

September goth, rgo5. ASSETS

G. $ 28,550,270,00

ཧཱུྃ༔

Real Estate. .........icenza Secured Loans..............113,776,006.04 Bonds, Stocks and other Securi-

tics............424 ***** 235,538,062.00 Crab in Banks and Trust Com panies deposited with Foreign Governments and in transit... 20,727,98601 Premiums in couns of Collection 5,895.442.64 Agents balances.

7,664,040.76 Interest and rentals due.......... 4,014,093.65

Total assols...G. $416,166,500,10

LIABILITIES.

PRICE $150 per case of 48 bottles'(quarta) or 6 doz. plats

Special Prices for Quantitions).

Sole Agents

SIEMSSEN & CO.

Hongkong, roth lamany, Jooj,

THE WINE GROWERS

SUPPLY.CO.

BARRETTO & Co.,

General Agents, Hongkong,

PORT WINE.

Direct Shipments from the COMPANHIA.AGRICOLA E COMMERCIAL DOS VINHOS DO PORTO

(Successors to Donna A. Ferreks).

Monopoly for China of

THE WINE GROWERS SUPPLY CO.

General Insurance Reservey net present value of all outstand ing policies computed with 4.03 and 3 per cent. interest *****342,802,001.00 Current Liabilities: Death claims, endowments, annuities and dividends due and unpaid.... 3,556,794.B Commissions and Current Ex

Premiums, interest, &c, received

in advance........ 1,399,364.68 Full Wine (Brown Capital Stock

2,195,41419

100,000,00

Light Tawny (Brown.

Label)ná......$10.00 Per Dós, Case' White Tawny (Brown,

Label) ....................orni: 16.50

Label)............... 11.00

Total liabilities...349,013,63468 White Tawny (Whịto Surplus ................................ 67,142,80542 | Label) ........................... 13.00

Medium Tawny 416,166,300.in

shove balance sheet is correct and is properly Tawn (White Label) 14.00 We hereby certify that is our opinion the (Brown Label)... 13.00 drawn up so as to show the true financial posTawn, 1887 Vintage, tion of the Society at September goth, roof,

(Signed) PRICE, WATERHOUSE & CO.. (Signed) HAKIKS and SELLS.

[a

THE HONGKONG

STUDIO,

HIGHER CLASS photograpHER, 41 & 43. Queen'i Road Central, TOP FLOOR

Under the past management traconctions Involving the expendliers of large sums of money have been carried through frequently without any proper authority of the Board of Director and with very meagra bookkeeping

code to see re certain tray PORTRAITS GROUPS ENLAR instances to secure explanation of certain tran sactions which have taken place during the last ten, years, some of which involve a duancial Ipad to the Society

The abilities disavowed by thebodety, and the amounts restored to the Society approxi ́mats 0 $1,000,000, and legal proceedings hava been lasiluted for the recovery of considerable

GING COPYING |s all Sixes, · ́

Large SELICTION OF VIEWS ALWATE

ON HAND

PRICE VEET, MODERATE, Hongkong, rýb Keplerüber, 1909

Selected Old Port 15.00 Quinta da · Granja,

Selected Old Port 10.00 Dry No. 3, Belected

Old Port.................... $8.00 Quinta do Porto,

Selected Old Port 30.00 Dry No. 8, Belected

Old Fortun 35:00 Dry No. Bolected

Old Port

im 50:00

BARRETTO.

Agonis

Nos. 33 & 24, Bank Brildings,

: Queen's Road Gourni

Hongkong, grd July, 1908.