1908-08-04 — Page 3

Intimation.

Wm. Powell,

Ld..

Gentlemen's

Department, 28, Queen's Road.

Direct

Importers

GENTLEMEN'S

PANAMA

Smart

HATS.

B] Exclusive NECKWEAR.

Specialists

Gentlemen's

Cool

Hosiery.

and

Durable

SINGLETS

AND

Latest

SHIRTS.

THE HONGKONG TELEGRAPH. TUESDAY AUGUST

SHELL TRANSFORT AND

TRADING CO.

The ascual meeting of the Shell Transport and Trading Company, Limited, was held at Winchester House, Old Broad-airget, on 30th ult, Sir Marcus Samuel, Bart, presiding. The Secretary (Mr. E. A. Smith Rewre) having read the notice convening the meeting,

The Chairmatie, is moving the adoption of the report, said: Gentlemen,-As I promised

at our last meeting, the accounts which I now

ly

1908.

Intimations.

Public Companies.

HONGKONG," CANTON, AND MACAO STEAMBOAT COMPANY, LIMITED,

from the assets instead of being shown separate the only British company which produced am sure it must have been vary antisor spirit in large quantition). If that was so factory to you, because you will see that, in there was an opportunity for British, retail

THE WORRIED WOMEN. cloding the insurance, fund established, the dolcis to become interested in the company- da mall way, perhaps, but afficiantly, to

They say men must work and women must amount carried forward, and the provision for depreciation made to all the compinics, a cum make them give a preference to the company's weep, but alas, in this too busy world women of over 2, has been set aside, and yet product as against the products of rival com- often have to work and weep at the same tions. the magnificent result of £1,100,000. In the pacies. His suggestion was that the board Their holidays are too few and their work Bataafsch Petroleum Maatschapp), and of should consider the idea of issuing some of ibe | heavy and monotonous. It makes them HALF-YEAHLY MEETING-- .... of two husdied thousand shares which they held pervous and irritable. The depressed and to reserve at special bonus terms to these motor worried woman foses her appetite and grows spirit dealers, in such a way as to give them thin and feeble. Once in a while she has spella

£400,000 in the Anglo-Saxon Petroleum pany, Limited, is available for dividen this the aggregate share of the "Shell" Com

NOTICE TO SHAREHOLDERS.

2016 THE EIGHTY-FOURTH ORDINARY SHAREHOLDERS in the Company, will be held at the Office of the Company, Hotel Mansions, on TURSDAY, the Tnth August,

have the pleasure of placing before you of the pany would have amounted to £600,000, but / Proférential treatment in comparison with of palpitation and has to lie up for a day or two. at ta o'clock Noon, for the purpose of YOCHİV•

Limited, for, the year 1907, are somewhat dif. relating to previous accounts-items which will return act as special agents in the interests of happens to prevail she is almost certain to have confirming the appointment of Directors; and

ferent to those which have bang hitherto pra sented to you. You will observe that the assets are changed, and now consist of shares in the

not recur-reduce the amount actually available 10 £556,001 131, 91.

an attack of it, and that often paves the way for chronic troubles of the throat, lungs and other organs; and there is no saying what the end may be. Let the tired and overladen woman rest as much as possible, and, above all, place› at her command a bottle of

WAMPOLE'S PREPARATION

Hatement of Accounts, declaring a Dividend electing Directors and Auditors. Pol

The TRANSFER BOOKS of the Company will be CLOSED from the 18th July, to azib August, both days inclusive July to 10 By Order of the Board of Directors,

W. E CLARKE, Secretary,

Hongkong, 18th July, 1908,"

ING CORPORATION, W HONGKONG AND SHANGHAI BANK

the company. (Hear, hear.)R

The Chairman: I think your iden is a most I must still mention that a further sum of excellent one, but inasmuch as the shares can Angio-Saxon: Petroleum Company, Limited, Laz,000 has been written off the profits, this be bought in the market, and the directors and and the Bataafsche Petroleum Maatschappij. sum consisting of the stamp duty on the estab. keeping the two hundred thousand shares au a These companies are the holders of the whole bishment of the Anglo-Saxon-Petroleum Comen sig in a case of emergency, I do not think the board would entertain a proposal to use of your former property, as well as that of the pany, Limited, legal expeptes, and no less than Royal Dutch Company. The nominal amount 43,000 for the transfer stamps on the shares of them for the special purpose which Sir Fortes- of the shares held by us is in excess of that the Asiatic Petroleum Company, Limited, to the cue bus suggested shown in the balance-shter, bécause, dis a mat- |'Anglo-Saxon Petroleum, Company, Limited. ter of course, we have placed the shares at the This again is a non-recurring Item. When all Actual cost to this company, as per the particulars these provisions are understood, the share. set out in our balance sheer. Referring now folders will see how much they have to con- to the debtor side of the balance-sheet, I must gratulate themselves upon in the working of direct your attention to the fact that all liabill. the business in the past year. In justice to ties of every sort and kind are discharged, and directors, it is only right to state how correct your company for the first time in its history was their view of the value of the preference has no debin of any description outstanding-a shares is this company when they insisted matter upon which I heartily congratulate you, spo maintaining the rate at 5 per cent. instead To attain this and it has band necessary to of making the rate of interest 5 per cent, as apply, not only the whole of your cupital in-they were urged to do. It's quite certain that they would not have obtained better terms for cluding the proceeds of the issue of the new shares, but also the whole of the previously the issue they procured, whilst it is a matter of accumulated reservo fund, together with the faciloo to know tăni, boing the first charge wa companies, because the balance-sheet does Scrofula, Low Vitality, and all troubles of the HONGKONG AND SHANGHAI BANK

on the joint earnings of the companies for, at all events, the next nine years, there is probably no industrial secozity which should rank higher than the preference sharis in this company?

£170,000 which we have appropriated from the profits of 1900. I emphasise this point; be- cause you will observe we have made a dis- tinction in the "reserve account," and the #reserve fund." The former was always em- ployed for purposes of the business, and per- tonally I cannot see any objection to this, be cause bave always bold that so long as a company can profitably employ its respurces in its own business it is fully "to put it in investments outside, and either have to raise new capital or to borrow money for the pur- pose of extensions. The reserve account was accumulated in cash-£450,000, by premiums 'on new shares, and £270,0:0 by cash provided from our profits. Had it not have been for these funds we could not hava mide.the.coor mous payments that we have without having to raise more capitul.'.

·

THE NEW BILARE ISSUE,

+

TETROL IMPORTS..

here are some other matters to which I

think it is desirable to call your attention, The one is the fact, which is highly gratifying to us, that the imports of petrol to the Volted King- dom to Jana 15 no less than £40,000 gallons came from the East Jodles, an agains* 1 600,000, gallaan from the United States, There is no instance, that. I know, of a trade which has by sheer merit of quality is so short a time gained such dimensions as that erjoyed by the sale of "Shell"ipirit. This name, I think, bas be come a bousehold word amung motorists, and il gains in reputation every day. I take the opportunity of repeating that motorists need be under no apprehension whatever'as to supplies It will be in the recollection of the share-being forthcoming to meet any demand which holders that the board bed authority to issue may arise, and they may, rest assured that, in ço>,000 shares. Thanks to their providence in view of the very large production of our com- building up a reserve, it was only necessary to panies, everything possible to encourage con- issue 300,000 new shares instead of the 500,050, sumption will be done. As the petrol produced The company, therefore, still have 200,000 in British Jodia is subject to the same disquall shares in reserve for issue should develop fication in France as the Boroco and Sumatra menss call for it. I can scarcely expect you to petrol, it is to be hoped that the energetic steps carry in your minds the figures of the last now - being taken by the Foreign Office 10 balance-sheet, bat I may tell you that the induce the French Government to admit petrol amount cwing en bills payable on current and the produce of British, India, on the same other accoubft, and yamatured liabilities and terms as its rivals, may have some effect, charges upon steamers and installations, Although it would be out of place to introduce amounted to £4.851 121.74. We have for politics at such a meeting as this it is surely ther contributed in each to the new companies desirable tonate that the reason fortheexciusion £169,103, 191: 78, and mido payments in in France of the petrol of British India is that respect of other liabili les which had to be few of our dependencies enjy the most-fay discharged by us in connection with the oured nation' clave with foreign countries, amalgamation; £95,321, 110, 61, Tain up. They ate consequently subjected very often to proximately accounts for the money that we prohibitive tariff: Liquid fuel, which this have invested on your bebalf from our reserve company so greatly helped to pioneer, is as account, and the new capital. The new suming more importance every day, and whilst "reserve fund” of £107,000, which we have our supplies continue targe, I am glad to be started, in to actual cash, as is the £53,817 19. able to record the fact that consumption in the Eastern markets has increased to rapidly that 4d. carried forward.

we now have no difficulty in disposing of our cutput,

With our report we have circulajad, for the guidance of our shareholders, summarised balance sheets of the two subsidiary.companies. I have to press the great satisfaction that my folleagues and myself have experience}.at finding the very ample appropriations for de preciation made in the two companies. If such figures are maintained, it is very obvious that in the course of a few years the position will be even stronger than it is at present. Refer fing first to the balance-sheet of the Bataaf che Petroleum Maatschappij, you will find that there has been put aside for depreciation L203,000, besides £91,6 provided, by the Nederlandsch Indische Industrie en Handel Maatschappij-only the wet profits of this con- cern having been embodied in the balance theet of the Batafsche Petroleum Maata chappij. Inasmuch as the entire work of dril: ling and of geological survey has been passed to working accounts (an in contradistinction to the practice of many oil companies in charging some considerable portion of such work to capital account), this "reserve" for depreciation

Patterns is, in reality, very much larger than it appears,

in

SOCKS.

WM. POWELL, LTD.,

General Drapers, Furnishers,

Des Voeux Road, and 28, Queen's Road,

HONGKONG,

THE FLEET."

STORAGE CAPACITY,

I

.

a true and sure remedy for the ills and maladies Mr. Oppenheimer asked a question with roof women. It is palatable as honey and con- gard to the depreciation which had been written tales all the nutritive and curative properties of off the Batanische Petroleum Maatschappij and Pure Cod Liver Oil, combined with the Com-

ŢOTICE in hereby given that the ORDIN- the Anglo-Saxon Company. In the former Pound Byrup of Hypophosphites and the

ARY HALFYEARLY MEETING of caso it was said the amount was 2,000,000 Extracts of Mait and Wild Cherry. Search the N flories, and in the latter 180,900. Did that world over and you will find nothing to equal the SHAREHOLDERS in this Corporation it Taken before meals it improves the nutri-will be held at the City Hall, Hongkong, on tive value of ordinary foods by making them | SATURDAY, the sind day of Augusty, 1958, represent the total amount written off?

easier to assimilate, and has carried hope and good cheer into thousands of darkened homes. ons bottle is all you may need." It is absolutely It is effective from the first dose, and probably

reliable and effective in Blood Impurities, Nervous Dyspepsia, Wasting Conditions, Melancholy, Chloresis, Impaired Nutrition, Throat and Lungs: Dr. E. J. Boyes says: “ Į have found it a preparation of great merit. In a recent case a patient gained nearly twenty

The Chairman : Au depreciation, yan, bat there are other amounts in the working ex- pauses which might ordinarily go to capital charge. There is also £91,005 put aside by the Nederlandsch Indische Industrie Company,

Mr. Oppenheimer: Might I suggest that we should have profit and loss accounts of these not show very clearly from what sources our locomt is derived?

The Chairman: I think that has been rather deliberate on the part of our Dutch friends. The directors do not believe in giv.

...

ing more information th‚a is necessary to our opponsate, and we cannot give our share holders more information than we receive from our Dutch friends. We will submit the sug. gestion to our fellow directors in the companies.

pounds in two months' treatment, in which it

was the principal remedial agent.” It carries the guarantee of reliability and cannot fail or disappoint you. Why accept a substitute?

Sold by all chemists.

','

THE STATE FIRE INSURANCE

CO., LTD..

R

Mr. Noakes reminded the 'meeting that at the time of the agreement with the Royal Dutch Company the shareholders in it were informed that among other terms the subsidiaryAVING been appointed AGENTS of

H company greed to put by £100,000 per year the above Company, we are prepared to grant Policies against Fire on approved until a certain figure was reached.

Foreign and Chinese risks at current rates of: premium,

CRUZ, BISTO & Co.

The Chairman: I stated in my speech that £100,000 had been put aside under insurance fund. That has been done almost entirely from profits. That sum is put aside as, the nucleus of the fund, of which you speak, will cow move, That the report and balance- shsét be adopted, together with the confirma, tion of a finst dividend of Is per share on the ordiary shares for the year 1907"

The motion was put, and carried us -abimously.

On the motion of Mr. Simuel Samuel, seconded by Mr. W. F. Mitchell, the retiring directors Moises, R. J. Black; R. Waley. Cohen, Phillipp Arohold, Sir Marcas Samuel were re-elected.

The auditors, Messre, Turquand, Youngi and Co., were re-appointed at the instance of Mr. Beurmann.

Mr. E. Pembroke proposed that they accord-

the chairman and directors their hearty and warm thanks for their services. (Hear, hear.) Mr. Delmege, secoading the motion, referred to the excellent balance-sheet which had been put before the meeting. He thanked the board for the prosperous condition of the company, and, knowing as he did the very serious diffi culty with which they had had to contend ip various placca, and under various Governments, he thought that very great credit was due to the directors. (Hear, bear.) ***

The vote of thanks having been heartily accorded,

it

Intimations.

THE

BINA-PROVIDENT LOAN-AND-

MORTGAGE CO.; LD...

ון

Canton, 30th July, 1908.

(714

Report of the Cosit of Director, together with Noon, for the purpose of receiving the Statement of Accounts to goth June, 196 By Order of the Court of Director, A/

J. R. M. 2 MITHA;

Chief Manager, Hongkong, 181 August, 1968, -

ING CORPORATION,"

NOTICE is hereby given that the RE-

GISTER OF SHARES of the Corpora flon will be. CLOSED from MONDAY, the

toth instant, to SATURDAY, the sand instant, both days inclusive), during which period no

By Order of the Court of Directam, Transfer of Shares can be registered:

J: RM. SMITH,

Chief Manager. Hongkong, "ta1 August, 1908. -

1724

HONGKONG AND WHAMPOA DOCK COMPANY, LIMITED,

NOTICE TO SHAREHOLDERS.-

THE ORDINARY SHAREHOLDERS will be held in the Offices of the Company, Quenn's Buildings, Connaught. Road, on MONDAY, 34th August, at 12 o'clock Noon,

GREEN ISLAND CEMENT COMPANY, for the purpose of receiving the Report of

LIMITED,

PORTLAND CEMENT.

the Directors and the Statement of Accounts to the 30th Juno, 1998,

The TRANSFER BOOKS of the Company will be CLOSED from the roth to the 24th August, both days laclusivo,

In Casks of 375 lbs. het $5.50 per Caik By Order of the Board of Director

ax Factory o Bags of ago tos no 88.85 per Bir

ex Factory

·SHEWAN TOMES &· 0..... General Managers Hanokana, 28th April, 1908,

COLD STORAGE

fas

LTD, have now 40,000 Cubic feet of COLD STORAGE available at East POINT. Stores will be Open at to à M. and 4.2.M. perishable goods. duly Sunday excepted, to receive and deliver

WM. PARLAEN Manager.

THE HONGKONG ICE COMPANY,

Monology, sand tona,snet.

TYPEWRITERS

A SPECIALITY;

OVER TEN YEARS' EXPERIENCE

or

and REPAIRING ALL BROKEN PARTS.

SATISFACTION GUARANTEED.

Also

(FOR SALE and HIRE.

MODERATE CHARGES.

MOTOR

LAUNCHES

ti

THOS. I. ROSE, Secretary.

Bóngkong, 18th July, 1968.

Entertainment.

1798

BOXING BOXING I

2

ONE OF THE

*REATEST BUXING CONTESTS

HONGKONG EVER WITNESSED.

Theatre Royal, Uity Hall, Hongkong:

SATURDAY, 8th AUG., 1908.

MAIN EVENT

BATTLING

25 ROUNDS.

SIMMS

“JIMMIE” O'ROURKE- U.S.6. Wilmington, 148 (bu. U.5.8, Wilmington:

$300 GOLD PUREK. $1,000 SIDE BET..

Enniga-W. D. GREETHAM, Refeırse. PRELIMINARIES:

6 ROUNDS.

*11MMIE" MCFADDEN U.S.S. Wilmington 128 lbs. U.S.S. Wilmington, 6 ROUNDS. SHORTIE MCKENNA

"AMIE" COYNE U.S.S. Wilmington, 124 lbs. H.M, Naval Yard,

· Hongkong,

NOTICE:- The Simms'er, O'Rourke fight'id': La return match,, their first encounter having iresulted in a 15 round draw at Shanghai, while ||{“JIMMIE". O'ROURKE was saving on

board the U.S.S. “GALVESTON."

Tickets: 51, 5, 3, and Ringside $5.

BANG THE MANAGEMENT.

First contest staris at 8.30 P km., sharp.“. Doors open at 8 pm. vas Booking plars now open at the

ROBINSON PIANO Co., Ld-

W. H. BAROWSKI,

- Com; Std Uƒ‹S›N«,

U.S.5, Wilmington,› Hongkong, 3rd August, 1908.

It will, no daibt, interest you to know that, in addition to hyblers, our companies have at

The Chairman, in the cours of his reply, thair disposal for transport purposes a fleet of said: There are two ways in which we might twenty-nine gleamers, with a carrying capacity look at this great company," We might look of 146,3:0.ions of deadweight, whilst during at it simply as a mining company, and pay you the year we have had other steamers up to the hift. But had we done that, I do not under chatter. To replace these, two new think we should be in the position we are in steamers of about 7,000 tons each, specially to-day, nor should we be doing justice to the CLEANING, overhauling,HEINIE MILLER adapted for the transport of petrol in bulk, are character of our company. Personally, I am being built in Great Britain for the Anglo satisfied with a 15 per cent. dividend, and, sec. Saxon Petroleum Co., Limited, whilst a lightering the enormous strength of the company,"I of 1,500 tons and a tug of 8 hp were built that, baving once started a 15 per cent. in Dutch yards for that company. In order to think it is better to have regard to the fact that dividend, we may never go back from it. I cheapea transport in Koete, the Batanfsche

we are pot simply a mining company," which Petroleum Maatschappij are building thres would distribale up to the hilt and let the future. tank lighters of 1,500 tons each, and two large take care of itself. I think that meets the views tugs, niso in Dutch yards,

of the majority of the shareholders, and I think.

is the soundest policy, on the whole. (Hear, bear). I hope to meet you next year with even For the purpose of storage and distribution better results. (Checin)—London. &+ China the companies possess a great number of tank | Express installations and stores in the interior, which are fed from the ocean installations. Then they have large lin factories and storage for plant and materials, sundry smail čraft and tank wagons, and other means of distribation 100 nu- marcus to mentjoo. With their very large mile- age of pipe-liner, refineries for production, and piers and wharves, you can form some idea of the great extent of our business, and see how the very laige amount of capital invested la 'cm- played. The refuery in Borneo has been cons siderably improved and extended. The paraffia” factory, which will be one of the largest in the world, is under construction. We have already notified you that trading for the year has been. You ard sward that the companies resolved quite satisfactory, and we ballare that, owing to do their own insurance. I am glad to into the ever-increasing importance of our bye- form you that we start the year 1958 with an products, we may look forward with great con- josumace fund of so less than £100,000. adence to the future. We have not hesitated am quite convinced that this policy, seeing the very widespread character of our risks, will be more than justified by results. You will see in the Bataaficha balance-sheet an item which is very large (bring in fact nearly £1,200,000), under the item of "Debtors," but I can ar once reassure you by telling you thar the whole 6 THE DISCUSSION. | of the money' has been since paid. »Now, se- ferring to the balance-sheet of the Anglo-Saxon Petroleum Company, Limited, I regret that in making a summarised balanco-abaot it was not thought necessary to mate a matter which is, of course, of enormous impas

• 180,000 had

because the production of petroleum derived „from our territories in Java, Borantra, Borneo, and Romania has during the year 197 amounted to 1,120,000 tons, a considerable advance upon the previous year. : le addition to this, the geological surveys have resulted in the location of new articlipals, of which it is impossible to ovarrate the importance, and which are quite sufficient to fortify your direc tors' belief in the richness of the fields and their endurance for vary many years to come.

no fois than

· INBURANCE FUND.-

therefore, in paying you, ou account of the profits of 1908, 10 interim dividend of 5 per cent, being at the rate of 10 per cent. per annum. I have now much pleasure in moving the adoption of the report. (Cheer)

Mr. R.J. Black seconded the motion.

Sir J, Fortescue Flannery wanted to know why the number of shareholdem should not be very largely increased by a spacial affort le bring in the small petrol dealers and thus to secure a large number of preferential agents.

roughout the country for the sale

| (CAPITAL PAID UP ................ $1,250,000) Loans on Mortgage of House Propeny, &c. Goods received on Storage:

Advances made on Merchandise. Loans made on the Provident System."'...

(Rates and Partienlars on application).

THE OFFICE OF TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, AC, Vadertaken and Éiscated.

SHEWAN, TOMES & σa,

General Managers. Bongkong, 19th March, 1908,

LEE YEE HAIR DRESSING BALOON.

HAB'ALWAYS ON HAND': CIGARS, CIGARETTES.

AND

TOILET REQUISITES FOR SALE

·ID'A

ON HIRE

AT BLAKE PIER.

GREAT BUON TO PASSENGERS

TO and FROM STEAMÉRS

AND

ALSO-ROUND-THE-ISLAND--FOR-|

PICNIC PATUES, &c. Fares from or Hour.

HUMBER CYCLES

AGENCY.

DRAGON CYCLE

DEPOT

Intimations.

PABET BREWING COMPANY,

HIWAUKERA

FRESH SUPPLIES

ALWAYS KEPT IN STOCK

SIEMSSEN & Co,': Agents for t

›› Hongkong & SOUTH-CHINA, Hongkong, spik July, 1907,

NOTIO E

The Public are horsky Anh các loài th

they are: waanadiaga TEN DERIS (20

1723)