1908-04-15 — Page 2

Mails.

THE HONGKONG TELEGRAPH WEDNESDAY APRIL 15 1908.

Intimation.

NORDDEUTSCHER LLOYD, THE YOKOHAMA DOCK CO., LTD.

BREMEN.

IMPERIAL GERMAN MAIL LINES.

FOR

KUDAT and SANDAKAN.....

NAPLES, GENOA ALGIERS, GIBRALTAR, SOUTHAMPTON; ANTWERP and HAMBURG

SHANGHAI, NAGASAKI, KOBE)"

and YOKOHAMA Drum

MANILA, NEWGUINEA, BRIS

BANE,· SYDNEY and MEL-

BOURNE 咖眢

STEAMERS

BORNEO

TO BAIL

SATURDAY,

Capt. F. Šimbill

9 AM., 18th April.

PRINZ REGENT LUITPOLD"? WEDNESDAY,

Capt. H. Kirchoør..................)

Neon, aand April.

...

::

PRINZ EITEL FRIEDRICH") About WEDNESDAY, Capt. E. Malchow ..... 22nd April,

PRINZ WALDEMAR "

Capt. W. v. Senden .....................)

THURSDAY,'

5 PM, 3rd April,

PRINZ SIGMUND” Capt. D. Leozenstacotine,

About FRIDAY,

1st May.

For further Particular, apply to

YOKOHAMA and KOBE

NORDDEUTSCHER LLOYD

Hongkong, 11th April, 1958,

MELCHERS & CO.,

GENERAL, AGENTS, HONGKONG & CHINA.

MESSAGERIES MARITIMES.

FRENCH MAIL LINES.

FORTNIGHTLY SERVICE, TO and FROM EUROPE via SUEZ CANAL.

To and FROM JAPAN via SHANGHAI,

No. 1 DOCK. Length inside 514 ft. Width of entrance, top 98 ft.; bottom 75 tt. Water on blocks, 27.5 ft. Time to pump out, & hours.

MODERN MARINE UNDER" WRITING.

)

דיני

wise, while they would doubtless hate recover ad the fall amount of their bull: policies, they might have been confronted with a refusal to The deplorable" condition into which under. pay on the part of the disbursement under- * writing bas sunk of recent years in such a to writers, on the ground that they wore ppi cause not only very great regret on the part of policies, which could not be ward apan. In those who are directly conngined with the buri» days gone by underwriters were jealous of their ness, but also some apprehension on the pan of deserved fame for straightforward and upright those who bave insurances to place as to what dealing, and would rather pay a doubtful claim may happen in the fature apless some marked than endeavour to evade payment by o change in underwriting methods takes place. 1. B But times have changed. Strawsshow: The reports and accounts of the marine Intur- which way the wind blows, and it is not ance compaules have been published, and,ing just now in the direction of the enhances taken as a whole, they are dreary and dis- ment of the Bitherto honourable reputation of

Lloyd's-The Syreh

No. 2 DOCK. Length inside, 875 ft. Width of entrance, top 60.5 ft. bottom 45.8 ft. Water on blocks, 26.5 ft. Time Appointing, mading indeed. The Thames and Mersey Company, which has had such to pump out, 2 hours.

à successful career in the pist, admits a loss on the underwriting account for 1905 of £47,000. The Union'Company, it seems from the chairman's speech at the recent monual meeting of the shareholders, has been compell- ed to draw from its reserve fund within the to meet its underwriting, lasses. The position. last four years no less a sum than 100,000

THESE DOCKS ire conveniently situated in Yokohama barbour and the attention of Captains and Engineers is respectfully calied to the advantages offered for Docking and repairing Vessels and Machinery of every dscnption.

of the Company is in consequence now no The plant and tools are of recent patterns for dealing quickly and cheaply with work stronger than it was eight years ago, The Sea and a large stock of material is always a band, (plates and angles all being tested by Company, which has always been such a suc. cessful and profit-earning concern, bar the Lloyds' surveyors).

magnificent sum of £8,000 to the good to show * Two

powerful Twin Screw Towboata are available for taking Vessels io or out of as the result of its operations in 1956. Con- Dock, and for taking

ling Versals in or out of the bay. The foating derrick is capable sidering that its premium income is over of lifting 35 tons.

£300,000 thi can scarcely be described as a brilliant result, though it baars very favourable

Steam Launches of steal or Wood, Ligaters, Steel Buildings and Roofs, Bridge comparison with most of its competitors. „Work, and all kinds of Machinery are made on the promises

Tandem be made up when required and the workmanship and material will be Foreign has achieved the marvellous par- guaranteed.

The cost of Docking, and repair work, will be found to compare favourably with that of any port in the world.

Telephone: Nos. 376, 608, or 681. Telegrams, "Dock, Yokohama," Codos A. B. 0, 4th and 5th Edt.

Liebers, Bootts,

and Watkins. A. 1, Yokohama, May 23rd, 1995.

Shipping Steamer.

JAVA-CHINA-JAPAN LIJN.

REGOLAR THREE-WEELLY SERVICE

BETWEEN

„JAVA, CHINA, AND JAPAN.

Expected 08. or about

Will leave for

Steamer.

From

For

TO SAIL ON SHANGHAI, KOBE, YOKOHA MAGYARRA ................... Sellier... 27th April, aftergood. MARSEILLES, VIA PORTS ARMAND BEHIC ...Guiouuet ; ..,28th April, 1 P.M. ` SHANGHAI, KOBE, YOKOHAMA, ERNEST SIMONS... Girard MARSEILLES, VIA. PORTS AUSTI LIEN........ Verron,

STEAMERS CAPTAINI

FILATJAP... TJILIWONG TJIBODAS

11th May, afternoon, 13th May, I F.M.

TJIMAHI

TIPANAS...

SHANGHAI

JAVA

JAPAN

JAVA

First half

JAVA

April

Fint half

JAPAN

April

Becond half

April

First half

JAVA

SHANGH; I

May

TJIKINI

JAVA JAVA

First half

May

First half

SHANGHAI

JAPAN

May

Transhipment on the Co's Steamers at Singapore for Batavia; at Colombo for Calcutta, Bombay and Australia; at Port Said for the Levant, Constantinople and Black bea.

"I

Through Tickets to London via Paris from £17.to up to 71,10. zo hours' railway from, Marseilles to London.

Interpreters meet passengers at their arrival in Marseilles:

For further particulars, apply to

Co or about

First half April First balf..

Aprit Second half

April First half May First ball May First balf May

The Steamers are all fitted throughoa! with Electric. Light and bare Accommodation for

With a premium income of more than double that of the Sea Company, the British and formance of making a profit of £19,000 for the year under review; we say marvellous be cause this Company has not been conspi- cuous for making profits out of its under. writing in recent years, and has not for a long time past been able to pay the 274 por 'cent dividends with which it once used to de- light its shareholders. The Maritime Com pany was able to distribute £10,000 among its shareholders by way of dividend; but seeing that it was only by the income derived from investments that the Company was able to show a profit, whilst the loss on the under writing "para and simple was nearly £4,000, this is hardly a gratifying state of things. The London and Provincial Company is another one that hat had to draw up on its reserve fund to meet its losses on rçaó, £ro,coo having been appropriated for that purpose out of the poor accumulation of £10,000 which, the Company had been able to scrape together ta forty year. And 10 on through the lis, with varying fortune-but all bad: Where is it going to end? Are the Companies going to drift until the reserve funds have dwindled to vanishing point.? The usual platitudes' are talked by the chairmen at the annual meetings about raising the rates on the business that has proved unprofitable, but nothing more la heard of any effective action being taken, All classes of risks are blamed in turn for the unfortunate out-turn of the accounts. Ondtime it is unusually heavy loss. asf valuable steamers and their cargos; another, an epidemic of fires; another, lotes on war risks, and so on; but never the real reason the writing of risks at ridiculous

Public Companies

HONGKONG CLUB.

NOTICE

THE TAAL MEETING of the Mon-

TWENTY-SECOND YEARLY

Club House on WEDNESDAY, the ind bers of the Hongkong Club will be held in the April, 1938, at 55 PM.

By Order,

C. H. GRACE, Secretary.

Hongkong, 9th April, 1908.

HONGKONG CLUB.

NOTICE

GENERAL

A MEETING of the Members of the

N EX RAORDINARY Hongkong Club will be held in the Club House on WEDNESDAY, the 22nd April, 1908, at 1.30 P.M. for the purpose'set forth in the Notice posted in the Hall of the Club,

By Order,

C. H. GRACE, Secretary. Bongking, 9th April, 1908

[401

UNION INSURANCE SOCIETY OF CANTON, LIMITED.

NOTIC

2 NOTICE TO SHAREHOLDERS.

NOTICE is hereby given that the THIRTY-FIFTH ORDINARY YEARLY MEETING of the SOCIETY will be held at its Head Office, No. 1 Queen's 3rd April, 1998, at Noon, for the purpose of Buildings, Hongkong, on THURSDAY, the receiving the Repon of the Directors togethar with the Batemanis of Account to rat December, 1907, and of declaring Dividends, &c.

will be CLOSED from 13th April to the aged The TRANSFER BOOKS. of the Society April, both days inclusive.

By Order of the Board,

C, MONTAGUE EDE,

Secretary,

€355

Hongkong, 16th March, 1908.

THE CHINA TRADERS! INSURANCE COMPANY, LIMITED.

rates, which the underwriters well know or NECOND ORDINARY MEETING

• limited number of Saloon Passengers, and will take, Cargo to at Netherland India Ports tramp steamer insured for twelve months, will be held at the Head Office, No. 1, Queen's

on through Bills of Lading.

For Particulars of Freight and Passage, apply to

JAVA-CHINA-JAPAN LIJN.

J. MILLET,

Telephone No. 375,

AGENT,

QUEEN'S BUILDINĖS.

YORK BUILDING,'est floor,

Hongkong, 7th April, 1908.

10.4

Intimation.

Hongkong, 14th April, 1908.

WEST RIVER BRITISH STEAMSHIP

COMPANIES.

HONGKONG - WOCHOW

LINE.

THE Steamers

" LINTAN" and "SAN-UI

SAIL FROM HONGKONG TWICE' a Week, and COMPLETE THE ROUND TRIP.IN 4 Days. These steamers have Excellent Saloon Accommodation, and are Lighted Throughout by Electricity.

THE CLIMATE ON THE WEST RIVER DURING THE WINTER MONTHS IS VERY FINE AND EXHILIRATING..

For further information apply to......

BUTTERFIELD & SWIRE, AGENTS, WEST RIVER BRITISH S.S. COMPANIES.

Hongkong, 26th, March, 1998,

MESSAGERIES CANTONAISES.

FRENCH LINE OF STEAMERS BETWEEN HONGKONG, CANTON AND

KOUANG-SI,

S.S. "PAUL BEAU," 1,900 tons, 14 knots.

ES. "CHARLES HARDOUIN," 1,900 tons, 14 knots.

The speediest, most luxuriously appointed and punctual steamers on the lios.

Departure from Hongkong at to P.M. (Saturdays excepted). Departure from Canton at 5.1§ P.M. (Sundaya excepted).

[17

These superb steamers carrying the French Mail are fitted throughout with Electric Light

and Fans and were specially built for this trade: Excellent cuisine.

The Company's Own Wharf near Wing Lok Stréal.

Cantos Agents --Meters. E. Pasqust & Co,

For further particular, please apply to--~~

Hongkong, 18th March, 1998.

Dentistry.

TSIN TING.

ESEMETHODS OF DENTISTRY,

STUDIO AT NO. 14, D'AQUILAR STREET.

REASONABLE

BARRETTO & 00., Agents.

Dr. M. E, OHAUN,

·THE LATEST' METHOD) of the

AMERICAN SYSTEM, OF^ DENTISTRY

13 QUEEN'S ROAD CENTRALA From the University of PennsylviŮ, O.S.A.

(16

hight to know, are utterly inadequate. Take

for example. Vessels which ten years ago paid B. guiness, per cent, are to-day insurable for the year at 6 guineas; but surely no one will say that there has been in the last decade 25 per cent, improvement astegards the losies in this class of business. One has only to look at the results of the Mutual Insurance Clubs during the last few years to see how "time" risks work on The underwriters of the Com- panies probably do not care to redace their premium income very much, lest possibly they hould thereby reduce their Companies' income from invested funds, which nowadays is the

IMPERIAL BREWING COMPANY, principal source from which the shareholder

LIMITED

PURE CREAM BEER.

For samples and prices please apply

WINE GROWERS SUPPLY

BARRETTO & Co.,

Hongkong, 22nd October, 1907,

Hotel.

General Agents.

dividends are derived. Therefore, rather than say "No to a risk that is offered them, and let it go to a rival or to Lloyd's, they will take it in the old sweet,way and trust to luck to pull them through. It

is really the fear of the competition of Lloyd's that is at the root of the trouble. The expenses of an anderwriter Lloyd's, are not 10

much

NOTICE TO SHAREHOLDERS.

TOTICE is hereby given that the FORTY-

of SHAREHOLDERS in the above Company. Buildings, Hongkong, on THURSDAY, the 23rd April, 1908, at 12.30 P.M, for the purpose of receiving the Report of the Directors, to- gether with Statements of Account to the gist ecember, 1907, and of declaring Dividends,

XC.

The TRANSFER BOOKS of the Company will be CLOSED from the 9th April to the agrd April, both days inclusiva.svg

By Order of the Board of Director,

C. MONTAGUE EDE,

Secretary,

Hongkong, 26th March, 1908

HONGKONG JOCKEY, CLUB.

NOTICE.

1356

THE HALF YEARLY MEETING of the abova Club will be held on SATUR. DAY. the 25th April.instant, at, 12.30 P.M., at the Office of the Jockey Club on the ground floor of the Hongkong Club Annexe, Chater, *oad.

By Order,

T. F. HOUGH,

Clerk of the Course.. Hongkong, roth Apill, 1938.

[406

GREEN ISLAND CEMENT CO, LTD."

ANNUAL MEETING OF SHARE- THE NINETEENTH ORDINARY HOLDERS to the Company will be held in the Office of the General Managers. Se George's Building, Victoria, on SATUR for the purpose of receiving a Statement of ∙DAY, the igih April, 198, at 11 o'clock; AMS Accounts and the Report of the General Managers for the year ending 31st December, 1907, declarin, a Dividend and electing Con- sulting Committee and Auditors,

in proportion to his premium income as those of a company, and he can afford to slightly "cut" the Companies' rates. But the process of rale-cutting has continued too long, until now it has got below the paying level. And if 1956 his showo such deplorable results, what is going to be the outcome of 1907 ? he CO.sical sables published by the Liverpool Underwriter Auociation show that the losses -le, the total loses and heavy claims-during 19c6 amounted to something under £5,000,000. Bat the losses during 1967 constitute & record, and total upwards of £7,050,000! The old established Companies can stand the shock, and their finincial position is published year by year; but with the underwriter at Lloyd's it is different, "The security of a Lloyd's policy is the stability of each in

The TRANSFER BOOKS of the Company dividual maine that subscribes it; and who it will be CLOSED from SATURDAY, 18th tas y what that may be? External evidence | days inclusivo, ¿

April, wati SATURDAY, 25th April, both tend to the suggestion that many of them are at present writing for premiums 'to-pay their back losses, and the growing practice of resisting or repudiating claims goes far to sup port the idea. It is not many months ago that

·145.

KAMAKURA KAIHIN IN

HOTEL,

KAMAKURA, JAPAN.

THIS

18 modern Hotel, completely re-built, situated on the seashore within easy distance of Yokohama and Tokyo, will be opened during April, under European

managem

Charges moderato

Special terms for families,

E APPEL

SHEWAN, TOMES & CO., General Manager

Hin. kinu, toth April 18

[407

a well-known group of underwriters at Lloyd' THE HONGKONG ELECTRIC CO, LD. -one of whom is a member of the Committee

pleaded the ppi. clause (wtracted policy NOTTE is hereby given that the NINE- propt of interest] in open Court to escape pay: MEETING OF THE SHAREHOLDERS will TEENTH, ORDINARY: GENERAL mant labora fide" claim: More recently & be held at the Company's faces, St. George's were, perhaps, wipicious. The underwriten o'clock Nooo, for the purpose of presenting the steamer foundered under circumstances that Building, on SATURDAY, the 2nd May, at 12: did their best to get the Board of Trade to take ment of Accounts to 39 h February, to 8, and Report of the Director, together with a state- the view that the ship had been scuttled. A electing Dictors and ruditors, „good deal of mud was thrown, but nothing was proyed. The owners had to bring an action to remyer a total loss, but just before the cais was due for hearing the underli compromise of gf perception the inso

of the steamer and Alper cent on the din buramente.

The TRANSFER BOOKS of the Company ill be CLOSED from 185 April to 2nd May, both days Inclusive, LES

By Order of the Board n! Ditaciors,

GIBB LIVING Y