HONGKONG ROPE MANUFACTUR
ING CO., LD.
JANNUAL-MEETING.
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THE HONGKONG TELEGRAPH FRIDAY
"HONGKONG, ICE CO. LTD.
ANNUAL MEETING.
The twenty-eighth-ordinary annual meeting of shareholders in the Hongkong Ice Co., Ldj was held at the offices of the General Managers, last Saturday afternoso, to receive a statement of the company's accounts to 31st December, 1998; Hon. Mr. W. J. Gresson presided. Others present were Mears, C.,L. Maxwell (secred tary) G. K. Haxton (manager), Messrs. J. Var. too, t. J. Gedge, Ho Fook, Lo Chovog Shiu,
MARCH 5 1909.
SHIPBUILDERs and enginEERS UNION WATERBOAT-CO. LD.
·IN HONGKONO.
ANNUAL DINNER OF THE INSTITUTION,
WANNUAL REPORT.
THE HONGKONG HOIBE CO, Praya reclamation, Marine Lot
LIMITRE:
• No, 168, as per last account and building thereon ("Hotel Mansions. Rebuilding south block, payments
on account to date
Cost of three Chinese houses os sections B., O., and D; of in» land Lot No. 80min-
section Aie Furniture and dy
ANNUAL REPORT. The toport for presentation to the share- The twenty-fifth ordinary annual meeting of
holders at the fourth ordinary annual meeting
The' report of the board of director... to be abareholders in the above Company was held at
Last Friday night, the annual dinner of the to ho held at the company's offices, at 3 pm presented at the ordinary meeting of share the purpose of receiving a statement of accounts and the report of the general managers. Tha.] given in the Hongkong Hotal, when covers were The general managers have now eba pleasure 12 o'clock noon," on Saturday Cost of Kowloon Farm Lot No. 3 the company's office, at noon, last Saturday, for
Institution of Shipbuilders and Engineers was on Monday, 8th inst., is as follows: holders, to be held at the company's hotel, at the 6th insty and the report of the general manager for the
laid for some seventy persons. As excellent to submit their annual report and statement of reada year ending 31st December, 1908, and electing
autum was served and the evening was a most the Company's accounts made up to gist De * consulting committee and auditors. Mr.
enjoyable one, several happy little speeches
cember, 1908, 10 kg ja p Robt. Shewan took the chair. There were also
being made in the course of the proceedings. The het profit for that period, including present: Dr. J. W. Noble, Mess. H. P.
Mr.T. W. Robertson was in the chair. Messrs. S111.33 brought forward from last account, and White, D. W. Craddock (Directors), Mesura,
W. C. Jack and T. Skinner wers Vice-Chair- after allowing for consulting committee and men for the evening. Supporting the Chuir anilor's fees, depreciation, bad debis and loss man, ware Messra. R. Mitchell, Gray Scott, J. F. Miller, A. Baio, R. M. Dyer and a few Father gentleman, mafia,
Klinck, H. R. B. Hancock, H. C. R. Han cock, J.. A. Young, the Rev. Mr. Longridge and Mr. L. F. Campbell (secretary).
W. Hutton Polls, C. H. Ross, L. W. Leafe, W.. N. Flemming, and E. F. Aucot
The Secretary read the notice of the meeting. The Chairman said-Gentlemen,With your permission I will take the report and ac The Obairmao, said-Gentlemen:-Printed counts as read. The total sales of ice during coples of the Report and Accounts now laid the year were less than in 1907 by about 93. before you' have been in your bands for some tops; on the other hand earnings derived from time past; sa nded not be road now..Wa 'arO- cold storage show a satisfactory increase, and able to pay our usual dividend and to place our net revenue in only sommé $1,500 less than $10,000 to Reserve Fund in spite of the fact for the previous year. Coolie quarters at the that the price of rope has again fallen towa property have been renewed and extend. since this time last year. On the other handed and all coolies employed at the depot ars am glad to say that the cost of raw material now housed on the premises. Among your but also come down to mere teachable figures, assets your will notice a mortgage loan in while the quality shows an improvement. Our Yokohama of $75,000, as, in the opinion of your actual sales have not been-as large as usual auditor, it was somewhat doubtful if the articles but this is only to be expected in a time of of association permitted, such an investment; such depressing for shipping ns that we have the money has tince the closing of the ac passed through, when some of our best counts been refunded, and i am pleased to say customers have bad to lay up their yeasels for the course of exchange has enabled us to make want of employment: We have, however, seen a small profit on-the transfer.--Last year your the worst and may now look forward with Chairman referred, to an arrangement made "confidence to a better demand for all com. with the Hongkong Milling Co. for the pur- modities such ai ours. There is nothing in the chase of their surplus supplies of ice, but as Accounts that calls for commeat that 1 can you are aware the Company is now in liquida but if any shareholder has any questions tion and the arrangement has not materialized. to ask I shall be pleased to answer them. We had a short time ago a similar proposal
There were no questions.
from the Oriental Brewing Company, but as The Chairman proposed the adoption of the their product does not in our opinion equal report and accounts
ours we declined their offer. We again ask you gentlemen to sanction the transfer of $30,000 from profits to provision for contia gencies and if this meets your approval we will have a sum of $150,000 available to meet opposition. The policy of building up this fund is
now araply justified, for we have pot only the Oriental Brewing Company to com- pete with, but have also in the smaller market.)
Macao to Ince competition from two small plants erected during the year. We naturally regret the necessity for fighting these new enterprises, which münt for a time affect our earnings, but I do not think, gentlemen, that you need be unduly anxious as to the ultimate „result. If any further information be desired "I shall be pleased to afford it before proposing the adoption of the report and accounts.
There were no questions.
Mr. H. P. White seconded. Carried ananimously.
The Rev. Mr. Longridge proposed the re- election of Messrs. H. P. White, D. W. Crad- dock and Dr. J. W. Noble as consulting com- mittee.
Mr. Klinck seconded. Agreed,
Mr. D. W. Craddock proposed, and Dr. J. W. Noble seconded, the re-election of Measts W. Hutton Polts and A, O'D. "Gohrdin er Auditors.
Agreed.
"The Chairmen —That is all the business, gentlemen. I am much obliged for your at Tendance. Dividend warrants are now ready,
CHINA'S CURRENCY:
THE NEW COIN.
As Duke Tani Tse, president of the Ministry of Finance, recently raised the question that the currency of one tael coins, in China is fraught with obstructions and difficulties, the matter was referred to the consideration of the
•rations provincial government, which have now reported that they still favour the tael coins. Duko Tuai Tee's objection is based on three grounds; difficulty in minting, currency and Tosaring uniformity. Grand Councillor Chang Chib-tung is also changing his views, as the lant Edict, bo declared, was really issued on Yuan Shib-kai's decision, but he ffimself had no inclination oùs way or the other. Grand Councillor Lu Chuan-lin and President Tich Liang urge that it would be inadvisable to be constantly changing about in government Affairs and the tael coins should be adopted and a large number of five mace. coins might be minted to obviate any inconvenience.-N. G, D, Nasca,
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The Chairmas proposed the adoption of the report and accounts.
Mr. Gedge, in seconding, said that the share, holders might congratulate themselves upon the report before the meeting and the dividends which the general managers continued to pay. There were very few companies in the Far East that paid dividends as that Company did; he concluded by congratulating, the general managers.
The motion was unanimously carried,
On the motion of Mr. Ross, seconded by Mr. Leefe, MA, R. Lowe was re-elected auditor.
The Chairman-Dividend warrants will be I am much ready on application on Monday. obliged to you for your attendance.
That was all the business of the meeting.
MANCHESTER CHAMBER -OF «
COMMERCK.
SOMB CHINA AND JAPAN MATTERS.
To the apnual report of the Manchester Chamber of Commerce, some explanation in given of the steps taken to reisin the British. SHARE QUOTATIONS,
Post-Office in Tientsin, and "it is Hoped that during the year the Postmaster-General may Not unfrequently remarks have been made see his way to announce the indefinite continu that local transactions in shares have been cat?
ance of the present arrangements." As to ried through at a rate which is not identical trade marks registration in China and Japan, with that appearing in the market quotations the probability is, says the report, that, as to. as published. That pary well may hé, becnuse Chinn, the question is not being pressed for the owing to the absence of a regular Stock Ex- present, in view of the suggested Convention change there is no certainty that every between Great Britain and Japan for the transaction can come within the cognisance protection of British murks in Japan. The of the firm of brokers supplying the quota negotiations with Japan are proceeding, and Hans. So surrounded with difficulty has the news on the subject is daily expected at the abject been that more than once the man Chamber. A full copy of the Japanese tinde, agement of this journal (Singapore Brió Press) marks register has been obtained, and has was on the point of excluding sbare lists been inspected by several marchants. The altogether, father than find itself igno measures taken to deal with lottery tickets in rantly held responsible for variations be
the Japanese cotton trade are explained. The tween quotations and transactions,- a malter
Hoogkong Chamber called the attention of the that is ao business of a newspaper. The ques
Board to a system which was being employed tion is one that has an interest even in place by certaio Iapanese, As to Eastern surveys where-sbare business is rather better to of piece goods, numerous complaints having organize than it is here. "A Member of the
been received at, the Chamber as to the Rangoon Stock Exchange" wriles as follows unsatisfactory character of many reports pre on the subject to the Rangoon Gazette, and it ispared by surveyors acting under the auspices possible that what he says may merit the the Chambers of Commerce of India and the Attention of focal brokers and investors in Far East, it was decided, with some hesitation, shares. He says:**
to address a circular-letter to the Chambers themselves, suggesting that surveyors should be instructed to limit their report to the terms of the reference. The representations of the Chamber were received in the spirit in which they were given.
LARGE SKIZURE, UI COCAINE AT HANGOON.
1520 BOTTLES SHIZED.
of
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the sale of the old steam launch taken over from the Hongkong Steam Water Boat Co, Ld, amount to $20,971.33.99999 1999 After dinner, "The King" was proposed by
The general managers recommend the pay. the Chairman, which was right heartily honment of a dividend of.6 per cent, which will oured.
absorb $16,633 80, write off $13,165.00 from the value of the waterboats and Carry forward a balance of $172.51 to the new accquat.
second toast that of Engineering and Shipbuilding in Hongkong" was also proposed by the Chairman. In the course of his majarks, | Mr. Robartson said that the Institution was in- corporated eighteen years ago by a small but table bang
CONSULTING COMMITTEK.N Since the last meeting Mr. P. J. Bisschop resigned bis seat, on leaving the Colony and Bonnar have joined the committes. Mr. H. J. Van den Bosch and Mr. J. W. C.
50,000 shares of Sto each. $500,coo Issued
its object being the improvement of the scien.
AUDITORS. tific knowledge of its members and the fur thering of the interests of engineers and ship.
The accounts under review have been audit builders, and at the same time to provide socialed by Mr. A-O'D. Gourdin, an pleaiuren for its members. At the time of its
DODWELL & Co, LTD Inauguration, the membership numbered but a
Genaral Managers. dusen; to-day it was goo. The institution was in-
Hongkong, tath February, 1909. a flourishing condition finascially, and this was owing to the exertions of their Vice-Pre-
BALANCE SHEET, 31ST DECEMBER, 1908. sident, Mr. Skinner. At one time, fears were
·Liabilities entertained that they might have to close the
Share capital institution, but happily that contingency had Authorised- | been aveited, and they might anticipate a career of contioned usefulness. The Chairman then proceeded to describe the rapid progress which had been effected in engineering and shipbuilding in the Colony. The speaker touched upon the vast possibilities in the way of turning out buge ocean liners and declared with some emphasis that what our enterprising friends in the North could do, so' might Hoog. kong do also, After farther remarks, the Chairman concluded by asking the company to drink the prosperity of edgineering and ship- building, which was received in a most bappy vein.
•
Mr. Mitchell, in replying to the toast, said that they were all aware that shipbuilding had been for many years one of the principal indus. tries of the Colony, it had grown considerably within his recollection and he had been almost 25 yenis in the Colony, Ho remembered that among the first engines built here the indicated horse" power was 3.0. Now it was nearer 4,000. That illustrated the progress that had been made. He thought, however, it would be some time yet before they built. Pacific. lizers here. In Hongkong there was no paternal government as in japan, which had wisely stimulated its engineering and shipbuilding by means of subsidies, coabling them to compete with those on the Clyde and elsewhere. We did not want paternal government. Wo were able to do the, work- ourselves. He believed'; that we had the capabilities for building Pacific | greyhounds, but the establishments here were
pinte concerned with' returon, They could, build and engine ships but they could not show the returns which were desired and that was the main thing. He trusted that in the years to come a John Elder would arise in Hongkong and endow the, prospective university with a chair for engineering and shipbuilding (Ap. plause) The British, and especially the Scot Lish, were great colonisers and he thought the native races whom they bad taught would one day thank_them for what they had done in teaching them so much of what the West had to give to the East. (Applause).
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Mr. Liridger proposed the toast of "The, Press," which was heartily responded to. Tais Visitors," proposed by Mr. T. Skinner, which was followed by Kindred Societies und
was also enthusiastically received..
Mr. J. Gray, Scott, in replying, said that as lion would occupy a position in the Cotony. an engineer he hoped that in future the Institu-
longed and the importance of the Colony itself. more befitting the profession to which they ba- They resided in one of the most important out- posts of the British Empire, indeed it was the second shipping port in the world; at least be he had the authority of his friend the Harbour Master for the statement. (Laughter). In cou clusion he advocated a resumption of the read- ing of technical papers and said that thereby the institution would return to its original pro sperity and would confer everlasting benefit upon all members of the profession in the East, Chairman, to, which Mr. Robertson suitably Mr. Richardson proposed the health of the replied.
"COLLISION. AT CHINKIANG,
GERMAN, HULK SUNK.
Your correspondent under the above head Ing in this morning's paper appears to be under the impression that the transactions" recorded in shares in your paper and the Rangoon Times as a trap to catch the unwary public. It may interest bim to know that, ia making up the sbare list, the members of the Stock Exchange are happily ander- vouring to give the public as early as can be ascertained the actual market price of shares. No transactions are taken notice of which are not actually put through by mem bars themselves. One of the reasons for this is that a certain section of the guileless public ars not above quoting extraordinary prices to brokers in the hope that these may be re peated and so grow into the market price. As lar as care and a desire for accuracy CAD go every possible effort is made to avoid quoting bogus prices of any kind. "Misleading would perhaps have done better to sign himself. Misled, unless it be that he wishes to mis- lead others into the same suspicious byways he himself seems to baunt. He suggests that the report of pricas dose for forward delivery show when worked out an absurdly large margins which is supposed to represent interest on money for the time belwenn date of contract and date of delivery, Quite so, but has "Misleading ever heard of the law of supply and demand which has quite a large influence over most markets, evoa the Rau goon share market; and that if a man desires to buy shares for delivery some time abcad he must pay what the cheaper seller wants, whatever interest he may seem to be paying an his money? I hold no beef on behalf of this kind of speculation, the dangers of which are obvious, but I resoot as I think do all other members of the Stock Exchange the -imputation that we are knowingly publishing bogas prices. Rome was not built in a day, and a system by which absolute hopesty can be coforced has unfortunately not yet been hit upon in Raagson. All I would suggest is that the Rangoon Stock Exchange Is dolog its beat against very heavy odds to protect the of contraband was locked up by the chief with 10 who are responsible for the accident pobile, against rascality in share dealing. le cer in the ship's specle room, and on the ves conclusion I feel sure that all the other mem-sel's arrival below the Hastings, Inspector bers would agree with me in welcoming your Thompson, Customs Department, boarded the Correspondent should be care to drop in some steamer and took charge of the carpenter, and days at two o'clock whan the share liat is being Sale Tat, the ship's cook, both of whom wase | compiled, when he could see for bimself the placed before the District Magistrate this After mathods employed and might perhaps offer mood. In this case a point of law la involved, some valuable suggestions. His one sogges. Inasmuch as it raises the question of whether tion that the number of shares done in each the Coast has furisdiction; the seizure having transaction be recorded is, I fear, obviously been made, so it is alleged, ons hundred miles, Impossible:
from Rangoon barbgar limite,
27,723 shares of Sta ench fully
paid..............$277,130 00 andry creditors................................... 1,898,13 Unclaimed dividendamine". 776,00 Profit and loss account, balance...... 29,971.31 $309,895.44
Assets.
Waterboats as per last
account.........: $269,616.7 Less amount
written off...$13,6:6.77 Book value of
2,815.00
launch sold
Pipes and staging as per
last account Less amount written off
Gentlemen, in accordance with section 50 of the articles of association, the directors now k beg to submit theit Report for the half-year ended 31st December, 1908,
ACCOUNTS,
The profit on working account amounted to $42,461.49 as compared with $19,292.35 for the corresponding period of 1997, being an increase. of $3,169.14.
The profit and lost account, including the sum of $14,639.63 brought forwned from goth June, 1908, shows a credit balance of $54.295.40; which the directors recommend should ba apportioned as follows -
To pay a dividend of 6 per cent, for
the half-year $ 36,000.00 To transfer to repairs and renewals ·
acconot........................... 10,000,00 To write off furniture and fixtures. To write off electric plast............... To carry forward to new account.
DIRECTORS.
tures, as per last account.....
Less written off, an
per last report.
10,000.000,
86
darsga.68
6,328.20
33,000DD
2,139.80 3,494-00
*3.734-70
Since added............ DAN Installation of electric
light, as per Inst s/c 24,090,00 Less writtes off, as per
Fast. report
3,500.00
Less written off, as par
20,500.00
Stock of linen, crockery, glass
ware, alco
34.674.04
6,500.00
Stock of wins, provisions, bouse
1,500,00
hold sandries, and stationery,
295:40
as per laventories. Sharon in public companies
23,576,99
4,371.31
$ 14,205,40
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Valua of steam-launch, as per fast
account_
5,000.00
last report
on
·500,00
4.500.00
Licenses attaching to 1909 ......... Hongkong and Shanghai Banking Corporation (unclaimed divid- Cash in band..... ends account)..
16,558.38 1576.67
1,638,00
287.21
Saors,&gogt
Mr. J. W. C. Boumar has been invited by the Board to act for: Mr. E. Osborne, on leave. Mr. Bonoar's appointment requires the share holders confirmation.
Mr. W. H. Potts retires by rotation, but offers himself for re-election,
AUDIT.
The accounts bave been audited by Messrs H. U. Jeffries and A. R. Lowe, CA who offer themselves for re-election,
W. HUTTON POTTS, Chairman, Hongkong, 24th February, 1909.
PROFIT AND LOSS ACCOUNT." For the Six Months Ending 31st December, 1908. To Bad debts and refunds
Crown restaura RatesNKMIÐI.
16455-77
$153,165,00
#
4,000.00 3,000.00.
Future're remplacem Cash in Bank an 'in hand... Hongkong Bank, fixed deposit Hongkong Government deposit Sunday debtors................ Stock of hose, etc... Unexpired licences mil
Fira insurance.......
Debenture" interest on
$500,000 at 3 percent. 515,000.00
Less returned on de. beatures held by the companyzó
Interest account .......... Directors' and auditors''
1,000.00
sa.co
6,681.95
40,000.co
$50.00
7,980.49
fee ...........usab
750,00
Balance, to be appro
priated as follows:-
. To pay a dividend of 6
348.00
$309,875 44
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDIG 31ST.DECEMBER, 19.8.
12r. To Consulting committee's fece To Auditor's fee To Depreciation -
Pipes and singing......$3,000.00 Stock.....
To Bad debts........
250.00
To Less on book value of launch sold To Balance
Cr;
By Balance "from last account By Profit en trading for the
year .rar - vin
By Transfer fees
By Interest
800.00
100.00
225.37 505.92 2,870.95 3,948.7T
2,280,00
13,730.00 7,078.10
per cent... $36,000.00
n Trapsier to repairs
...and renewals......... 10,000.00
Write off forniture
and fixtures
6,500.00. Write affelectric plant 1,500.00 Carry forward to new a/c.......
1908
3,250,00
-45.00 By balance from goth June, 2.257.86 39,971.31
$36,474.17
Zeza dividend
N
II1,22
35,024.32
1F.
1,344.32
44.00
$36,414.37
扑
BRENCH MAIL DISABLED,
DETAINED AT COLOMBO FOR NECESSARY REPAIRS.
A. Dlan steamer-with a large double- funnelled vessel, said to be French, in tow appeared near the mouth of Galle harbour, Ceylan, a short time after 3 p.m., says à wire of the 15th ult. Pilots Bloomfield and Taylor changed. between Lloyds and the vessels. have both gone out. Signals are being ex
Another Clan vessel which left harbour to-day I hovering near the scene. Probably the in „jured vessel will put into Galle. No authentic information i
available op till 4 pm. The ramour,is that the disabled vessel lost her pro- paller and the Clan boat pickad: her up be-- tween Colombo and Calcutta.
A later report says:
+
295.40
$79,639.63
at 6% $35,000.00
Transfer to
repair & renewals
B/G 15,000.00 Transfer to
furniture:
& fixtures
account... 10,000,00
Transfer to
installa-
tion, of
electric
light a/c. 3,500.00 Transfer to
to new
launch
account., 500.00
65,000.00
Rentofshops and offices,
old building... $183.33 Rentofaboprandoffices,
new building......... 4,225.00 Rest of Hotel Mansions.21,575.00
» Dividends on shares in, public
companies..............................
Scrip and transfer fees
, Bad debts recovered
Profit on Hotel working account for the six months ending 31st December, 1908
3,100.00
Sundry debtors
KULANGSU” (AMOP) MUNICIPAL COUNCIL.
Minutes of a meeting of the Council held at the Board Room, on the gth February, 1909,
Present: Messrs. W. H. Wallace (Chair man), J. S. Fenwick, W. Krane, W. Wilson, A. H. Wilzer, the Health Officer and the Secretary,
2
Mr. Wallace-A very sad event has taken place in the community deeply affecting ond of our number, and 1 therefore beg to move that we as a Council desire to record our sincere aympathy with our colleague in the great bereavement be bas-sustained. Carried. upanimously.
The minutes of the last meeting were read and confirmed...
Mr. Wilson desired to know whether the members of the Finance Committen had bad their attention drawn to a paragraph which appeared in a Hongkong paper" of the agih January. Certain figures are quoted, one item being $1,651. Could the Finance Committee tell them what these Sgures represent ? ope
Mr. Wallace said he had seen the paragraph quoted, it was beaded Kulangsu Police. All polots concerning the Police Force be fal: ly answered at last meeting, therefore there was' nothing further for him to add under this bead He agreed with the writer of the paragraph 54,293
that "comparisons are often deceiving," and, $84.344.45hat only were they deceiving, bat at times Absurd this particular comparison, the amount of $1,652 he found was an expenditura: by the subscribers to the old Kulangin Road Fund, and appeared in their accounts for 1903, or some nine months before the Island beçams. an International Settlement and a Municipal- Council formed, and therefore it was absurd to make such a comparison, as the - duties of the two bodies, the old Road Fund Commities and the Municipal Council, their functions and the. work they were called upon to perform, were of an entirely different character in many respects. If a true comparison were needed, here were the figurer of the old Road Fund days, from 1893, and the figures since the creation of the Municipal Council:-
JAU KULANG U ROAD FUND,
S
1894...
1895667,60
1890.
-$48,639,63|| 1897
1893...Income 1,550.co Expenditure 1,320.88
1,480.48
1,534.50
1,659.12
1,733.83
1,629 68
1,778.65
7,785.67
1898 #
1,739,00
1,811.51
1899...
1,801.75"
4,915,29
195014 降
3,713.25
1,Bot.of
1901.
1,716.55
5,559.99
1993.
2,230.90
*1,653,40*
26,983.33
KULANGSU MUNICIPAL COUNCIL
276.00
4.00
F
S
80.00
1954...Tacoma 20,184.94 Expenditure 22,308,32 1905
27,349.03
1906. 23,028,83:
22,733.72
20,408.33 27,571.78
1993 (from 1st May to 31st December) Income $15,416.50; Expenditure $15,939,31
47,461.49 1997.
- 99-- 23,229,79
24,858.80 1958.
26,036,20 $84.344.45-by which it would be seen that in 1924, their
REPAIRS AND RENEWALS ACCOUNT. For the Six months Ending 31st December,
Dr.
The disabled vessel proved to ‘be_the_M,M, steamer Sydney from China and Singapore, due at Colombo at spoon 13th instant. She broke her main shaft and was taken in tow by a Clan Liner, when off Hambantota, and brought to Galle.. Both vessels anchored near the mouth of the harbour. Mr. Bloomfield, Master19 8. Attendant, and Pilot Taylor went on board. A large number of people on the ramparts watch To ed the signals. The steamer Clan Lindsay loading for London, steamed out of the herbour and hovered near the other vessels, Alter an interval, the Clan, Lindsay sailed westward, but the other liner stayed by till about 6p.m, and then parted company, The M.M. Agest, who was wired to, arrived on 13th instant, by train: and at about 8 the the next morning, a tug boat from Colombo came alongside and immediately made preparations to tow the disabled vessel. The former, with the Sydney, got under weigh at 857 a.m. both steering very slowly,
The harbour tug Samson reached Gallé at 7.30 am. on 13th inst, and on her return the Sydary anchored outside harbour and was brought and berthed in part this moining with the assistance of the harbour tags, S
11.
By
Payment on acconet of repairs and renewals during the half. yearending 31st December, 19:8: $12,028.49 Balance
3,912,09 515,940,58
Cr.
Balance from goth June, 1908... $940,58 „: Amount transferred from prost and loss account as recommend. ed in last Report
75,000.00 $15,940.58
BALANCE SHEET, 31ST DECEMBER, 1908.. Liabilities.
Capital:- 12,000 shares at $50 each (fully
paid up): 7,000 mortgaga do.
bentare (6%)......$300,000 09- Les 151 ditta held by
tho The company
$76,000.00 /
The Hamburg-Amerika steamer Ascanta, which ran down the German bulk Bremen hare yesterday, was bound down the river when something went wrong with her steering gear, reports the Chinkiang correspondent of the W. C. D. New The Arcania came down the river inside H.M.S. Clio, which vessel she round ed very close to her stern. Carried by the way On the arrival of the sa. Lindula, at Ran- she bad on, a north-east wind and a strong tide, goon, on the 4th alto, from the Strakts, con- the Ascanía crashed into the bulk while moving siderable sensation was caused by the disco at a great rate and cut into her hull on very of a very large quantity of cocaine in which the starboard bow. The cables of the bulk a very great traffic is carried on in Rangoon, inspped with loud reports and fire was seed' judging by the number of seizures which are coming out of the hawser pipes, as a result of regularly made by the Customs and Excise. the rate and pressure of the cables passing out, Officers. From the facts which have come to while the iron bridge which led from the hand, it appears that the Chief Officer, Mr. shore was badly damaged. The Bremen drified Nickel, of the 9.1. Lindula, and P. J. Kelly, down the river with the scanda, but sank the Gunner, were resposible for bringing abreast of Messrs. Greaves hulk in nineteen the matter to light. The former in his fathoms of water. In going down the Bremen report to the Custom House authorities stated wept under head first. All was over in that about to am. on Tuesday, the and about five minutes. The stem of the decania ulta, he ordered the ship's gunner, Kelly, to is damaged and divers from A.M.S. Clid are open the store room of Ab Hood, ship's examining her this morning, is said that carpenter, in order to have it cleaned out. Un she is leaking freely in the forepeak opening it Kelly found four small bags which Captain Lange of the Bremen had a narrow he took to the chief officer. On opening these escape. Be gave orders to his crew to jump enced bad weather; and on rith, and rath Since leaving Singapore; the vessel experi. they found them to contain 193 picken of for their lives and he was tho jast man Instant the wind was extremely strong and cocaine, or 1,520 one-eighth ounce bottles each. to leave his ship. Mr. Rasmussen of the the current adverse. Rain old fell heavily On a further search being made the chief officer. M. Customs also had a narrow escapo; and it seemed as if the Sydney was at the found eight balls of opium in the carpenter's be was on duty on the Bremen and had just mercy of the huge waves, but she behaved. latrine. At the same time the ship's clerk time to jump into a Chinese bont which was splendidly. On the 13th inst., the weather searched another of the carpenter's cabins and closerat band Reports differ as 10 the loss of was perfectly calm, found 8 balls more, 4 of which, were found in life amongst the Chinese crew, but some must ahead when about 9.30 a.m.,
the vessel steaming Reserve fund
A hock Sundry creditors. the carpenter's box. On the carpenter admits have lost their lives, as a good many are known was felt by all on board, and a few Unclaimed dividends.............................. sing ownership of the cocaine be was locked to have been on the bridge when the collision minutes after the vessel stopped. It was up by the chief officer until his "arrival in | occurred,
then anounced that sho-bid met - with' Rangoon, At half past six o'clock this One wonders why the Ascania did not let go morning the gunner went to the chief officer ber anchors when it was seen that she was huge. Jolots connecting which bad, given way,' an accident to her main shaft, one of the and reported a further fiod of 4 balls and running into dangers and no doubt it was The consternation of the passengers was great- another similar fad on the top of the fresh oversight to come down the river inside the ly lessened when this information reached water tanks, or an aggregate of 24 balls or 856 ship lying at anchor. Much sympathy is felt them, as they know that there was no danger, tolas and 1,520 boules of cocaine. This amount
and a little later, everybody on board felt glad The Bremen is an unlucky craft ; abe was when they saw two or thres steamers on run down off the Lammocki some lew years horizon. In answer to a signal, the Clan Fraser Value of Marius Lot No. 5 and ago by the steamer Survia, whọn sho was arrived on the scene,and another sleanier-the under the Chinese flag and named the Kiang Clan Lindsay--also made herwell ready, bat did pak. Prior to this she was the Danish steamer not come, as her assistance was not needed. Nardin design
d. After a brief delay, the Sydney was towed into The Bramen is lying in the fairway about Galle Harbour, ESTRA three hundred yards out from 'Greaves" bulk, between the stem of the Chlua Merchants' bulk by Messrs. C. A.. Hation and Co, which will
The necessary repairs to her will be given. Since and the stern of the Hang On hulk, The Cuss take about saven days, She will be able to tomé have marked her position by day with a resume her voyage to, Marseilles probably on red dag and by bight with a red tight
danday.
the
600,000.00
434,000.00
first full year as Settlement, the Council's expenditure was $12,308,37 against $37,571:78 In 1908, or no increase of $5,263 46, in five years, during two of which –1907 and 1928- some $7,695 odd was extraordinary expenditure, being amount expended on site for and the building of the new gaol, municipal offices, & over and above the $10,000 ralied, by issue of Debentures,
In accordance with a resolution passed at the annual meeting of rate payers, the secre tery was directed to offer the Kulangso, Lawn Tenuis and Cricket Club the ruins of the Pavi lion as they at present stood, and to ask them. if they were prepared to take it over, and if so, when,
The Secretary reported that the Seah Lob Tow Jetty was out of repair, and the cost of repairing me, would be from Sr50 to $300 according to the work decided to be done, The matter was, referred to the Warts Comi mittes for their reported
The Secretary was lostracted to arrange a meeting between representatives of the Council - and the Mixed Court Magistrate, to discuss the question of licensing chairs, gunma
Application for the appointment of Asst. Secretary And Supt. of Police s ware: read and considered.
The Supt. of Police reported the Mixed": 648,975 78 Court had been closed "under the ssal" for 78,248.77 the last fortuight, opening again on the toth
1,638.00 instant; and so no cases had been heard..
(Signedy W. H. WALLACE,
Chairman
Repairs and renewals account, bul-
ance as per statement
3,912,09 Hongkong and Shanghai Banking
Corporation (current account) 201,810.87 By arder, Profit and loss account, balance as
pet statement.................. 54,305.40
-- $2,015,800,01
-temsinfog/portion of Marine Lot No. 3 and remaining par tion of Marina Lot No. 7, and. -buildings thereon, akuper fast
account
$1,082,807.43 expended on chest alterations andy additions to
•·buildings ...............
9,718,40
C.
BERKELEY MITCHELL,
Secretary
REV. JOHN MAÇO WAN," of Amoy, China, hage been elected a member of the Royal Society of Arts. The following have been proposed for election Wee Hap Lang, 10, Rogers street, Kuala Lumpur. F.M.8. John Togram Andrew Muasis. G.-Fenwick an Limited Hongkong Choah Cheang Perak FM.S.) Khon Chen Toopg
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