1910-03-02 — Page 5

THE » GRBEN ISLAND CEMENT CO., LB.

ANNUAL REPORT.

The report - for presentation to the shares: holders at the twenty-first ordinary general meeting to be held at the office of the general managers on Saturday, 19th ist, at 11.30

o'clock a.m, reada ;-).

THE HONGKONG TELEGRAPH WEDNESDAY MARCH

HONGKONG FIRE INSURANCE

CO., LTB,

ANNUAL REPORT.

gers, on Wednesday, the gth inst, et ta o'clock (noon), is as follows:

RIPAL TRADING METHODS,

CRIDIT. BYSTEM IN SHANGHAL.

Today's Advertisements.

TO LET.-Moderate KENTS.

SEMI-EUROPEAN FLATS. Prays Esst,

› corner of Observation Place, the Trams

May Apply tom

The Tokio Fertigo Department has received the following telegram from the Japanese The report for presentation to the shure Commercial Agent at Shanghai:-The new holders at the forty-first ordinary meeting method of selling on credit now in vogus to be held at the (fices of the General Manamongst German merchants provides for a paint.stop at the door.

antes of payment. According to the 'standing pot up as security, thay sill merchandise to Chinese on credit, sven' to the amount of 50,000 The general managers and consulting comacia or 100,000 taels, receiving payment on mities have pleasure in submitting to the the expiration of the term-fixed. If the term The nel proft, after providing for deprecia-shareholders the forty-first annual report of the is three months, they settle the account at the tion on buildings and machinery, launcher, lighters, &c, and including the amount brought forward-from the previous year, amounts to $105,90 30 which it is proposed to deal with as follows, vix-

Annexid we have ifie pleasure to lay before sbarebolders a statement of accounts for the year ending 31st December, 1909.

To place to reserve fund

To pay a final dividend of

40 cents per share... $160,000.00

Add interim dividend of

$1,000.00

15 crets par share... 140,000.00 300,000.00

forward to the

To care

credit of next year's

4,290,30 Consulting Committee,-In accordance with the articles of assiciation, Sir Paul Chater, c. o., Hạn. Mr. W. J. Gresian, and Dr. J. W. Ni blaretire, bu, being eligible, offer themselves for re-election."

Auditors. The accounts have beau nudited by Mesara, W, H, Potts and A. O'D. Gourdin, who are recon manded for re-election.

¡SHEWAN, TONES & Co.,

* General -Managers,

Hongkong, and March, 1919,

PROFIT AND LOSS ACCOUNT. Auditor fasten · sommermoratusan Consulting committee's fass shak Interest

Lois, on working concrete block and pipe departmentar Hip On & Cn. claim for damage by fire and legal expenses. Amount written off as bad debt... Preliminary experses at Hai-

phong written off „...............ugu Amount written off is depreciation Interim dividend ...5 · 140,0.0.co Balance ......

*165,290.30

600,00

4,000.00 39 40.96

18,746.15

10,576,60

2, 00.00

-15,638.74 174,958.74.

*105,191.30 5.50,351.49

Balance brought forward from

4908 ........................ie ma ...$ 3.756.74 Transfer 1:0

Exchange... ZmYENYA) Unclaimed dividends................terrige Balance from working account :- Sales of coment...........................$504,323.37 Sales of bricks, pipes, &c. 3,078.78

I.CO 274 45 .8.9.8.15

507.401.15

$520,351.49

BALANCE SHEET.

Capital:~

400,000 shares at So each fully

paid op.....$600,000.00

Reserve fund

13,000.00

Sundry creditors

248,015.67

Company's Bankers in o

620,942.07

Balance of prefit and

loss account.............$305,190.39

Leas interim, dividend 140,000.00

165,190:30

$5,047,348 04

Green Island, Macao:-

Buildings and ma-

chinery as për last; statement....8 – 467,317 Dá

Less depreciation... 27,738 15

Since expended...........

Cement and FBw

material in stock valued atipino Coal is stock valued

at 199 Stores in stock

company.

་ ་ ་

1908 Account-This account shows a profit of $319,979 39.

་

Mortgage From the reports and valua tions made by the company's surveyors, the coneral managers sud consulting ermmittee are satisfied that the properties held by the company form satisfactory security for, ibe ad- vantes made.

and of the said three months. If merchandise

*...

THE HONGKONG LAND INVEST- MENT AND AGENCY COLD. Hongkong, and March, 1910. ;', [233

*SHIRE LINE OF STEAMERS,"

LIMITED.

FÜR LONDON, ROTTERDAM AND

ANTWERP.

"FLINTSHIRE," Captain G. 0. Candy, will be despatched av above about ist April

For Freight or Passage, apply th

Intimations.

ASAHI

BEER SAPPORO BEER

TO BE OBTAINED

FROM ALL WINE DEALERS

- JARDINE, MATHESON & JO., LTD.,

Agents. Hengkong, zað Mirch, 1910.

[219

MSHIRE" LINE OF STEAMERS,

LIMITED.

POR LONDON, ROTTERDAM AND ma

ANTWERP..

representing a value of 50,000 table should ́have been dealt with to the extent of 30,000 Subject to the approval of shareholders it is taels, they enter into another contract on the proposed to appropriate $81,153.76 for the pur sams system to cover the remaining 20,000 telsHE Steamship pose of inaugurating a reinsurance (und, to add worth of merchandise. Thanks to these con $11,825.54 to the reserve fund, which will thenveniences Chinese merchants prefer to deal in stand at $1,450,0co and with the balance of German matchandire" If they see any chance $216,000 to pay a dividetid of Say per share.

"whatever' of a profit, however small it 1909 Account. The balance at credit of this may be, and do all they can to foster account in $436,217.67.

this credit. yatem. It is therefore natural that Germsu merchandise should be suc cssful in developing the China' markat, Whilethe German inerchants adopt this method" in their business transactions, the' 'Japanese" marchants demand cash to exchange for mer- chandise. Not only "that; but "the Japanese merchants often undertake on these terms transactions for merchandise which is not in demand, trawling to the enterprise of their enz. tomers to fod markets before the documentary credits fall due. This, we are told, is indeed timid and improper measure," "We' fail to see it. If Japanese merchants are prepared to accept the risk involved they are not only en. titled to reap their reward bot to credit for their perspicacity and enterprise. It may be very difficult, at we are asked to believe, for Japan- "ele merchants to develop their business in, China in face of the keen competitive methods prevailing, but, we see no reason to criticise them for shipping goods in anticipation of a demand arising.

Conentting Committee. In accordance with ascin-13 of the articles of association, the Hop. Sir Paul Chator, CM.0. Messṛs, White, Makland and Gübbey retire but being eligible offer thems Ives for selection,

Auditors. The accecuta have been audited by: Masis. W. Hutton Potts and H. Percy Smith, & CA

Jardine, MathESON & CO., LD,

General Managers, Hongkong Fire Insurance Co., Ltd.

'BALANCE'SHEET, JUST DICEMI{BR, 1909. Liabilities. Capital 8,000 sharea of Azio cách

$,000,000.00 of which $50 per share has been paid up."......$ Reserve fund..........N YANADA ELE Uncollected dividends............ Accounts payable unde Working Account, 1938 — Net profit

Working Account;"190y/ Amount brought forward from be

low.

ASSETS.

THE Steamship

"GLAMORGANS HIRE," Captain H. O Norris, will be despatched as above on z1st April 7.

For Freight or Passage, apply to

JARDINE, MATHESON & 00, LID, Agents. Hongkong, and March, 191,

[a o

INDO-CHINA STEAM NAVIGATION COMPANY, LIMITED.

י

FROM DALOUTTA, PENANG AND SINGAPORE.

THE

"HE Company's Steamship

"KUTSANG," 400,000.00 From another source we gather that the having arrived from the above Ports, Consignees 1,438,17446 conveniences granted by German merch of Cargo by her are hereby informed that 16,312.05 o their Oblatse constituents are astiously their Goods will be delivered from alongside, 63,743,33 | affecting the demand for this country's more, Cargo, impeding the discharge or remaining chandise. Moreover, the Obiasse complain of ¦ on board after 4 PM, the 4ib inst., will be

landed at Consignee's risk and expense. 318,979.30 a tendency on the part of japanese manu- facturers to disregard questions of quality and

No Fire Insurance will be effected. the necessity of regulating their output as the

'Kills of Lading will be counteralguad by 426,117.67 demands rises and falls. Mr. Miyazaki has been

JARDINE, MATHESON & Co, LD,

General Managers. sent to China by the Department of Agriculture

Hongkong, and March, 1910,

[8 $1,662,946.81 and Commerce. Before setting out be advised the. Osaka Chamber of Commerce `to`siriva hard to develop Chinese trade. He is to return shortly to consult with the authorities THE H.A. L. Steamship about the matter. it is stated that the Osaka 95,28211|| Chamber of Commerce considers that the 341.40 China Trade Investigation Association should make full investigations and publish particulars as to the alleged inferiority of goods or of ex- cessive shipments. Arrangements, we under raud, are being made to give effect to this view.-Kobe Herald,

Cash, on current account with Hongkong and Shangbai Bank- ing Corporation..........$ Cash in bands of general managers;

Fixed Deposits →→ H'kong and Shai

Dinking Corp'o.. $ $4,000,00 Charid, Bk of India

Aust, and China... 50,000.00 Mercantile Bank of

India, Limited ...... 50,000.00 International B'king

Corporatio... 25,000.00

Mortgages

Is Hongkong

434.472.36

Io Shanghai

13047.51

7,619 87

169,412.91

6,394.40

valued at ........................ 33,177.88 · 307,985, 9

Hok Lo, Hongkong:—. Laudas per lant state-

meat......

Since expended.... Bulldings & macht. nery as por last statement ***** Les depreciation

Since expended

---

Cement & raw mate- . rial in stock valued

Coal, casks, staves & guduias valued at Stores, general& Ma.. chinery valued at

·COD.

1,231,968 88

16,684.43 1,248,653.31

1,001,34 ng 70,1649

934,080,63

12 528,65 1,036,609,9

638,643.42

174.920.67

194,147.82, 1,007,692.95

Cement on sigument valued at r 114,076.30

Deep Water Bay Works f

Land as per out

statement woonkiku

Buildings & machin

ETY B per last statement....

Le plant transí x-

red to Hok Un Work....

Lass depreciation......

Sioce exprúded.......

Bricks, pipes, & tiles in stock valued at Coal pipes, in stock valued at...*** Stores in stock valu-

Bricks, pipes &c. no

Consignment value. ad at......... Steam lighter, steam launches, lighters; juoką, &c, as per last stalernenfium Less depreciation

Since expanded......

Property at Cantonak

Slace expended.

Válns of prezik. DB: {axpired policias... Sundry debtors HILT Cash on hand...

218,321.16*

10,742.23

207,579.03 13,099.28

Leasehold property

175,000.00

$1,180,549.99 731,113:79

1,917,861.78

$0,000.00

Japaneso Government Deposit—' Con olidation Bonds... $19,177.51 Imperial Bonds........... 45,375.28. Wat Bands'..

17,794.62

Chinese Imperial Gov

cronient Leap, 1886 $17,871,6% Shanghai Land Invest. ment Co, Ltd, der

•bentureș ...............i pasi Shanghai Club deben-

17,582,20

tures............ornforsva 26,666,67 Hongkong Hotel Co.,

Ltd., debentures... 52,000,00

Accounts receivable..

+82,448.41

DR. WU AND EDISON.

RETIRING MINISTER HAS A TALK WITH GREAT INVENTOR.

Just before bis departure from the United States, Dr.. Wu Ting-fang paid a visit to the laboratory of Mr. Edison, the great inventor Dr. Wa was the guest of Mr. Charles R. Flint, the Americas business man whose interest in China and the Orient is well known.

The New York newspapers gave much space to the meeting between the Chinese diplomat and The Wizard, as they like to call. Mr. Edison, One of them tells the story in this

way!!

The Wizard of Llewellyn Park, M. J., invited the distinguished Chinesa to inspect his great plant, displaying electrical devices and elabora ting on his plan of pouring cemest houses, and finally asked Dr. Wa to talk into a freshly charged Edison phonograph.

Nothing danated and witboat a moment's besitation, Dr. Wo seated himself, and spoke into the record about as follows:-"December 24, 19 9. M. Edison has just shown me a great many wonderful things that he has in vested. He is a great mau. I have heard

· 217,887,62 || About him for many years and have always wanted to meet him. He also heard of mo,

124,124.49.

5 2,651,954.81 and I think we are both glad that we met. He

is a remarkable inventor, but this is the twen- tieth century, the age of great things. Mr. Edison is still a 'young man, and he will do still more many things.

WORKING ACCOUNT, 1908. Losses and claims.5 138,894,67 Cbarga....... 34,854,97 Remuneration to consulting com

mittee and auditors.......... Commissions tensio

Exchange.....Loneromjóuer Balance as above,.........nie miasta

3,500.00

Net premia received, less returns

and reinsurance

..$

Interest

Transfer fees......

194.479.75

8,041.97 203,511,72

49,733.94

2,510.00

3645.78 $5.499.72

12,105.73

131,005.65 13,860.14

#17,145.35.

5,990.00 313.135.31

[43,500.00)

9405.0551,905 03

337.702.5

WU TING-FANG." Dr. Wu laughed heartily when a fraction of 4,850.00

second later his own words reverberated 50,006.28 back at him. He arose, shook hands with Mr. 2,871.51. Edison and asked,, "Have you ever visited

China?" -318,979,30

"No," replied Mr. Edison, "Well, I want you to come over to see me. 5549,455.73 | 1 will treat you to some fina birds' nest-s-up,” ..."All right, I'll call on you some day," sald

Mr. Edison,

"Do so," said Dr. Wu, "I'll come back and 378,388.73

son you again twenty or thirty years from now. 161,979.50 | and you'll show me some more wonderful 89,00 things. We can live that long because we

know the right way to live,"

$540,456,79

WORKING ACCOUNT, 1909.

Mr. Charles R. Flint, American financiar, who is largely interested in Russian and Chinese enterpriser, and who was host to Dr. We on this trip to Naw Jersey, which included Losses and claims.muda, mosnað 33,341,61 A luncheon at the home of Mr. Franklin Charges .................. ............... 34475.42 Murphy, formerly Governor of the State, observ Commissions..ROOK

52,344.35 ed: "Mr. Edison, Dr. Waisthe quickest man that I have ever met. The other day Exchange

at repartee 5.542.87

when we were in Philadelphin bé delivered an Balance au abore ................................................ 426,217.67 address en Chinese customs, He expatiated on the habit of Chinese women binding their

· 5551,9*1,92|| fhet, and told what suffering it caused and what a foolish thing it was altogether, and just added Noi premia received, less retum

incidentally:="I wonder if it is, as bad as and reinsnmures amma -$384,084.05 | wearing sightly laced comets

**1#, ha, laughed Mr. Edison, "he's on to interest ...... » proudongou ............................ 167,735.87

the_white man,'all right.” Transfer facs............................

102,00

5551,931.92||

BONGKONG HOCKEY CHALLENGE

CUP.

H.K; H. CAP. JOLTH MAMRATTAB.

The Hongkong Hockey Club will meet the 3657.27 Wahrsitas on Tuesday, 8th inst, at 4-45 p.m. en the Club's ground, Happy Valley. The match will be an interesting one and the win. ase will be in for the fail,,

|

FROM EUROPE.

"O. FERD LAEISZ".

SAUSAGES

OWN MAKE- EXCELLENT and DELICIOUS.

Pure Pork

AND

Beef Sausages

at 35 cents & 25 cents per lb.

THE DAIRY FARM Co., LTD.

Hongkong, sath February, 1916.

THE EASTERN CYCLE CO.

Have just unpacked a Large Consignment of

ENGLISH BICYCLES AND ACCESSORIES of the best makers.

NEW BIOYOLES

FOR HIRE AND SALE.

REPAIRING All Kinds of TYPEWRITERS.

SEWING MACHINES, GRAMAPHONES, PHONOGRAPHS, and All Sorts of MACHINERY.

1. AT THE SHORTEST NOTICE.

Hongkong, 2nd March, 1910,

PRICES MODERATE.

THE EASTERN CYCLE CO.,

16, D'Aguilar Strast, 3, Arsenal Street, Hongkong, Canton Road, Kowloon,

-PUBLIC AUCTION.

THE Undersigned have received instructions

to sell by PUBLIO AVOTION, FOR ACCOUNT OF THE CONCERNED,

ON

SATURDAY and Monday,

the 5th and 7th March, 1910, commenclog nach day at 2,30 P.M., at their Sales Rooms, No. 8, Des Voeux Road, corner of Ice House"Street,

A LARGE ASSORTMENT OF

JAPANESE CURIOS,

•

COMPRISING :

Captain Wagner,, having arrived, Con signees of Cargo, are hereby informed that their goods are being landed and placed at

MAKUDZU VASES, BOWLS and PLATES, BRASS BUDDHAS, TEMPLE LAN. their risk in the hazardous and/or extra-TERNS, KINKOSAN SATSUMA TEA and COFFEE SETS, VASES, BOWLS, SILVER and GOLD OLOISONNE VASES, IVORY CARVINGS, SILK-EMBROIDERED hazardous Godowas of the Hongkong and

and CUT-VELVET SCREENS and WALL HANGINGS, DAMASCENEWARE, OLD Kowloon Wharf and Godown Company,

JAPANESE CLOCKS, OLD LACQUERED and PORCELAIN WARE-GOLD HAND- Limited,_whoace delivery may be obtained against. Bills-of-Lading countersigued by the PAINTED SCREEN, CARVED CHERRYWOOD DESKS, CHAIRS and STANDS, Undersigned,"

· Optional Cargo will be carried on unless notice to the contrary be given before TO. DAY.

All Claims must be presented within ten days of the staamar's arrival here, after which

date they cannot be recognised.

No Claims will be admitted after the Goods bave left the Godowns, and all Goods remain. ing undelivered after the 8th instant, will be subject to rent.

All broken, chafed, and damaged Goods are to ba left in the Godowns, where they will be examined on the 7th instant, at 3 P.M.

No Fire Insurance will be effected by as in- any case whatever,

ין

HAMBURG-AMERIKA LINIE, Hongkong Office. Hongkong, and March, fero,

Events Coming.

Among Friday 4th March.

Catalogues will be issued. TERMS —As tinual.

ALSO

* JAPANESE POODLES.

Hongkong, alth February, 1910.

HUGHES & HOUGH,

Auctioneers,

SALON-CINEMA THEATRE,

·

WYNDHAM (FLOWER) STREET, OPPOSITE GENERAL POST OFFICE,

..

FIRST APPEARANCE IN HONGKONG

OF

Mr. CABL WALLNER, Whistler and Comedian.

Miss ADA KING

AND

Miss RUBY OHRYSTAL

IN THEIR NEW REPERTOIRE

...

Geo/ P, Lammert, Auction sale of postage EXCELLENT FILMS, ORCHESTRA IN ATTENDANCE, DAILY CHANGE

slampi,:5 p.m.

Saturday, 5th March. Queen'. College re-opens, Cholon Regatta.

Buffs Regimental Raco Mesting, Race Courie, 2.30 p.m.

Hughes and Hough, Auction sale of Japan

ese Curios, 2,30 p.m.

Sunday, 6th March, Volunteer Church Parade.

Monday, 7th March. Hoogkong Technical 'Io'ttitute re-opens, Hughes and Blough, Auction salo of Japan- els Curios, 3.30 p.m.

Union Waterboat Co., Ltd., Annual Meeting at the Office of Messrs. Dodwell & Do., Ltd, 3pm.

Licensing Board Meeting, at the Colonial Secretary's Office, '4 p.m.

Tuesday, 8th March. Hongkong Horticultural Society, Flower Show in the Botanic Gardens, 2 p.m.

Hockey Semi-final, H.K.H.C. vs Mahrattas, Happy Valley, 445 p.m.

Wednesday, 9th March. Hongkong Fire Insurance Company, Ltd., Annual Meeting, at the offices of Messrs. Jar- dine, Matbeson & Co., Ltd, 12 o'clock Nood.

Hongkong Horticultural Society, Flower Show in the Botanic Gardens.

Thursday, 10th March, Annual Meeting, at 3, Qcosu's Road Central, China Fire Insurance Company, Limited,

Nova

“Don't you think," said Mr. Flint, to Dr. Wo, "that lustend" of a large number of Chinese

Friday, Fith March. coming to this country the soundest economic Institution of Engineers and Skipbuilders of policy would be for the Chinese to induce American braise and money to take part in Hongkong, Annual Disaer, at Hongkong, the development of their unlimited resources 34 pm,......

Hongkong Regatta,

"Yes," replied Dr. Wa. "I do not believe in Asta de Saturday, 19th March, „Chinata labourer.coming to the United States. It is good for aut therchant and students and tradesmen to come here to familiarisa (them. selves with Western ways, but China now weeds its own labouring, men to develop her own resources: In the next ten or twenty years Cains, la going to develop in a wonderful way.

Hongkong Football Shield · Flaal; Bañis or Naval Yard, 4 p.m

Boxing "Bill Lewis "w" Battling Simms," Qty Hall.

If you want to see Chinn, the old China you » Urst (Tussday, 15th March,

will have to visit an now, because in a few ⠀/China/Borneo Company Limited, Aantal 'yours we are going to become modernised," || Mosting; st 84: George's Building, woon,

OF PROGRAMME, COMPLÈTE CHANGE TWICE A` WEEK, MONDAY and FRIDAY, DAILY TWO PERFORMANCES, ·

Second commences 9.15. First commences: 6.80 half-prios.

MATINEES EVERY SATURDAY and SUNDAY 4 p.m. Half-price.

Hongkong, 19th February, 1910.

BUCHANAN & CE

JAMES A

DISTILLERS

THEM DHL INIMU

THE POPULAR

IS

SCOTCH BLACK&WHITE

WHISKY.

Par Poset

I WA

THIS POPULAR

WHISKY

to be had from

ALL WINE

MERCHANTS

and

DEALERS.

LONDON & GLASGOW Sole Agents-

Talepkone 7354

H. PRICE & CO., LD.

WINE MERCHANTS, 19, Queen's Road.

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