1910-05-27 — Page 5

4.8. WATSON AND CO., LIMITED. | God debla 'due from

ANNUAL REFÖRT.

The report of the general managers for the year ending stat Dacamber, 1909, for presenta tion to the shareholders at the twenty-fifth 'andaordinary general, meeting of the com 'pany' (siaca, its registration) to be held at the offices of the company in Alexandr. Buildings on Tuesday, the jist inst., 'at'noon, slatek:-

Gentlemen.We bag to lay before you a statement of the company's business, with a balance sheet for the year ending the 31st De camther, 1999.

The net profits of the company for

the twelve months undɑrieview,

after paying all charges, includ ing the salary of the general· managers, providing for all bad and doubtfuldebts, and allowing for loss on subsidiary coin", Amebat (a

To which hasto be id led the balance.

brought forward from the pre

vious year....

customers.....marinu Sundry debtors -- com Coab in bod Casy at Bank

THE HONGKONG TELEGRAPH FRIDAY MAY 27 roro

233,617.37 31,4018

ALL

5:8,132,77 5,098.53

13,131.30

Five Insurance: premia and licences, ninex- pired

Section E. of Island

nt No, 19 and the buildings thereon...$ 60,000. Mariae Lot No. 7 and

the building thread 165 00:0 Kowina Jalad fot No. 1208 and the buildngs hereo 27,300 00 Marine Lot No. 131.

་ ་ བ་

no-

Exp nded for incl-ma

"

„tas 979 95*5 + .

Son Jacinto land, sod'

1,513.15

buildings, Manji i.....” 34:47 3 fa Extr. Co cenon Loi " N8nd the build- ingstherabu Canton, 65.0.

Leaving available for appropriation,S-38,776.81

We propose to pay a divi-,

-dend #f-, par-caus-for-

the year, which, will absorb

Taste of budding im

$ 7,00 .00

provements, fillings, utemilsof trade, aerat ad, water plaar, madər machinery"..

To carry forward to 1910

- account.......

1,000.00

Dr. PROFIT AND LOSA,

To Balunce.....

13,300.75

JAPAN'S TRADE WITH CHINA.

warning by a Japanese profebboR. Writing on the comparatively tardy progress of Japan's trade with China, Mr. Hattori Voo kichi, Bunjaku Dakara (Doctor of Literature), who was formally a professor in the Peking University, contributes the following-to the Taiteiye -

WARNING TO JAPANKER MERCHANTS.,

durabia article suited to their requirements, According to geseral Chinese opinion, the characteristics of articles imported from Japan are cheapoéss, inferiority of quality, and a lack of durability." It is unpleasant enough for a Japanese resident in China to bear the patives speak of goods imported from Japan as inferior to those from Europe; but he feels more than disgusted when he hears the natives way that i lofațior articles come only from Japan.

and customs of the Chinese, their conditions. of life and tastes. They import foto China merchandise. most 'hkely to suit Chinese fastes, and go into the interior of the cometry on paddling excursions. Moreover, their goods are far superior to those sold by our merchants, who, from an errantous con viction that the Chinese prefer cheap articles,' carry no atticles of value for sale, but alt com placantly in their shops awaiting customers. Our traders should remember that among the ** The greatest blunder the Japanese of to-day higher classes of Chinese there are many commit in their dealings with the Chinese in

men of luxurious bubits, who would not hesi their failure to respect them as a nation. Trae,tate to pay double the ordinary price for a men of position and knowledge are often better informed than to adopt a contemplanus attitude towards these old neighbours of ours, but the majority of the Japanese look down upon the Chians as an inferior and un- Civilized nation. It cannot be denied, however, that compared with the modern Chiness, the Japanese of to-day are a superior nation; but what excuse have we for bolding our heads high above their merely on the strength of our alight "sapariority?' And what good cat we dar vn from a boycott against me on the part of THE MERITS OF ADVERTISEMENT. Chinnan as a consequence of our arrogant ba Dr. Hattori advises Japancia merchants to baviour towards them? The perusal of the distribute advertisements or catalogues among 340,110, histories of the two nations shows that the older the Chinese, "Whilst in Chien was often Inpanese civiliandon owes its origió almost en-asked by my Chinese friende 'and acquaio- 59:993 98tirely in China, and it seems most ungrateful tances where such and such an article purposely to manifast discourtely towards a could be obtained or whether such and such people, from whose ancestors.we bave received a thing was obtainable in Japan. Many 10 much saynar and assistance.

a Chireso who wished to purchase some costly article from Japan most have either abandoned his, project altogether or el obtained it from an English or German mer chant. This is antirely, the fault of our traders, who, from their ignorance of the state of affairs the Middle Klogdom, have hitherto totally neglected the matter of advertising among their Chlausa customara,

537,776.8:

$1,776 81

3,776.81

$38,776.81

CONTRA.

By Palace forward from 1628

$ 2,613 15 By Net profits, Hongkon, China

and Manila.........

16.153 66 $38,776.81

CONSULTING COMMITTIE The existing consulting committea consists of Hon. Mr. E. Osborne, Messrs. H. P. White, J. Scott-Harsion and Sir Hermunjee Mody. The ~~appointment of Sir Hoimusjen Medy quiran,

your confirmation..

■,1-

JUDITORS

The company's 'accounts of the head office have been audited by Mr. Francis Maitland and Mr. W. Hulton Potts who offer themselves for re-alection,

JOHN D. HUMPHREYS & SON, Gederal Managers.

Viabilities.

Hongkong, 11th May, 1910. --BALANCE-SHEET,-3161 -DECEN BEX,–1909,-

·Capitál account ... $poé,000,00 Permanent reserve fund 300,000.00 Reserva fund to meat

coatingencies

cr

for the equalization of dividends

Local and gepemi

15.000.00

Iabilities to the East and in Ama- rica ...

..........................$244,594.76

Local and general

Habilities in Los: don....... en

Morigagaon Section

E of loland Lot

34,603,50

No., 19, and the balldings thereori $ 48,000.00 Mortgage on Maiĺpo

Lot No.20, and the buildings therEDA, 135,000,00 Mortgage os Kow-

loon Inland Lol

No. 1208 and tha bulldings sherend 23,030,00 Advancengklost San

Juciato properly, Mapilace

24.3.8.65

Bills Payable: Hongkong, China

and Manila.....

genişm

Uzelsimen dividends" Security deposita from staff

Profit and Los-

Forward from 1958 $ 2.613.15 Ne: balance, 1909... 56,163.66

ASSETS.

Total stocks in trade..........................

Building mpr¬ve-

sants,

Furniture,

Flutings, and trade lepsy, it engi Kong, Manila, Can- tos, Amoy, Shergbui,

Hepkow, Tientsin,

and Native Bran ches:

As per lant

account...$155.241.33-

Amount

written f

for depre.

ciation in

May 1909 17,745,05

*$*44,096.08

Addad dur.

ing 1999... 10,876,87

and

Aarated water

other machinery and plant at Hongkong, Manila, auton, Amor, Shanghai,

, and Hankow 1-

As per fast

Recount ...$129,739.18 Ampunt.

written off for deprey. ciation in 'Mar, 1985. 8,854495

$130, 84.73 Added dur ing, 1909...

Blaam laun, cher,cargo

boat and water bonta

5,080.68

"

1,325,000.co

RUSSIA AND CHINA.

BOUNDARIES IN MANCHURIA,

Peklog, May 31, Nerolistions are about to be opened in Har „bio batwren Ruisia ind' China no the question of the delimitation of the boundary boir

Manchurin stating.

Rossin-claims that-the-Manchuria township is within bar territory, because the line of de- mvcation should properly be six milas further down the Argan ́river.-'N, C, D. News,

THE ARDATH 10BACCO "COMPANY,"

It's an old truism that the roll of the British drum follows the rising sau round the world, and one could aptly ascribe a similar belling of the globe to the products of the Ardath Toh.cca Lo. To way that these cover the saith is no exaggeration whatever. They are sold In every masker in the world, and are advertised 269,388.66 to smokers in twenty different languages. One

cool spend hours inspecting the Immense tomes. In which are preserved the carefully indexed vouchers of the world's newspapers in which these advertisements appear.

CHINA'S FROONESS.

|

With all their arrogance, most Japanese have hat scanty knowledge of Modern Chien Little do they know of the progress Chiou hus made or promises to make; and they probably | do not imagine the enthusiasm for new know-to ledge that prevails among the citizens of all great cities to the Chinese Empire, especially Peking and Tiantdin. Owing to the vast- ́nesú of the realm and the lack of suitable means of communication, the new civilisation may make slower progress in Chlua than it has done in Japan, but the present state of things makes me think that its progress bereafter may be more rapid than it has hitherto been.

FDUCATION.

"That the Chinese Government attaches "pecial importance to education in a factor that may be said to foretell the future of China. It has been decided to assist all Chinese students. abroad attending such lostitutions as medical, technical, commercial, and navigation schools of the higher grade, while, farther, the build lage and other eqúlements of industrial schools under the Government's control lacloding technical, commercial, agricoltural, dandrologi cal, untical-ural, and other schools, will shortly be complated. The only drawback is that taschers-themoat important factor in aduca tlon-re badly lacking in number, the Govern. mont finding it impossible to engage many Tapanese or Europano teachers by reason of an torufficiency of funds. The return of the stud. enti abroad after the completion of their studies ta therefore anxiously waited

PATRIOTISM OF THE CHINESE, "Some Japanese speak of the Chinese as bring destitute of a patriotic pliit True, the love of their country may not be anything like the patriotism, for which the Japāneia ara so- Advertising, however, would have been of well-known, but with the progress of the nation Bittle advsalege in the Ardath Tobacco Co, if itself and the improvement in the educational they had not studionály malaisford ihn high system, their patriolism seems to have become standard of quality which made their produc stronzer, and this tendency has beeo particular- sony foment. How this is done is probably ly, noticeable in recent years. The Chinase azzle, to some of their less fortunate com Imperial Rescript on Education lays special refilers, 'hut we cao, at any 'rate, give this.stros on loyalty, patriotism, and raverança lo mech of the secret away. The proprietors, Confucius. Since the promulgation of this Re, begidas » reserva stock af Virginia'tobaren in script a few years ago, men of letters have been the .cquisition of which the process of selec.strarpously endeavouring to inspire their coun 211,3 8,66 for has been carried put in a degree that

tepmen with patriotic sauliments through the instrumentality of text-brots, newspapers, etc. Until recent years a' Chinese was not easily irritated by disparaging remarks' about his country, bus to-day such remarks would rouse a considerable amount of ill-feeling in him. This tendency is to itself a matter that calis for careful reflection on the part of Japanese traders in China....

RTWBY.

wyksztalra, posses, one of the largest sincks 1 53,798.39 | no Turkish le C1 E gland.............

14,490.46 (****puren this fir', combined, of course, with ,18,250.00 caneri blending, that the firm "we this ability to maintain the quality of their productions, But for such a large stock ofienfthey could not. povcihly do it and sự!!! scpnlw at old prices, for 38,775,81 Turkish toharci has Increased. In price during the past wear or two-quire 10 or 40 per

INDUSTRIES IN CHINA, 51 939,937.99 cent, Virginion has been steadily advancing "Even I, who know so little about indes. for years. The company's "urbish olgarette tries, can see that all branches of productiva $1,915,854.77 dla focreasing in volume to an extra activity in China are, making remarkable pro

́ordinary ex'ent, solely owing to those exc^p·

Until recent years China relied on tional qualities which em kurs are wit slow'toober countries for all glassware and matches, reengrilan

but now in Haukow and Peking there are fic The principal export loss of the Ardath tories for the manufacture of thesá useful artic Tobieca Co, are “Starę. Fædress" cigaretinn,"| cles, though it appears that sticks for matches, "Splendo" cigarettes, and Ardath, smoking which are scarce in that country, are imported 'mix1ère. Site Express" cigarettes arn Dow from Japan. Even European-styis wina and madeina perfect piles of five types-the world. | bear are brewed. If one goes lato one of the famous tate Express 5c Virginia, State restaurants in Paking and orders a bottle of Express Expyilau Rland A.A," State Exorası | beer withou specifying the variety or name of Toukish, Lent No., and State Express the liquor, he is sure to get Chiness boss. It is "R.4.0 (Turkish leaf-extra quality) and not very tasty, costulaly, but there is a tendency Quo Vadiu,

In China to dus beverages brawad. at home instead of spending money on superior for- | eign liquors. The same remark may be ap- plied to tobacco, The tobacco prepared in China and called "Patriotic Tobacco" com mands a large sala ́in Peking and the neigh bourhood. Formerly articles for school que and instruments deed in physical and chemical experiments were first brought from Japan to Shanghai, whence they were sent to mil parts of Chica, but articles of this kind are now manof.ctured in Paking on a large scale. Not that those brought from Japan or Europe are ab longer in demand; indeed, being superior in quality to those made in China, thay stili | command a large sale. But the fact cannot be goored that many Chinese are willing to uss home-made articles as much as possible, uvan if they are more expensive thao foroiga openjuad it appears that there are not a few stores where Japanese goods are purposely called 'home- made articles." [Thor practices are growing up In Chink similar to those of which complaint is made in Japan.] leadequate as is my descrip- tion of the industrial prograss of China, it, will at least served to show the zeal with which the natives are improving their various industries. THE SAGAÓITY OF GERMAN MERCHANTA "Voliko Japanio marchanie, the Germana

5124,104.91

соло

These lines are put un in' elegant padded brzez and patent renum air-tight tins, Ardab Smoking Mixture is sold in the home market and exported to every part of the world in the two well known specialities, Ardath Smoking Mixtom Medium, and Ardath Special, which are packed in a oz., † 1b., † 1b., and s 15. | | patent vacuura slow.

KING EDWARDAS PONERAL.

THE WIDOWED QUEEN,

London, May 21, Queen Alrusedra was dressed in the deepas, black and bad an a' thin weil ́Her Majesty was wearing the brilliant jewel of the Order of tbs Garter, The German Emperor hastened to asilat ber to alight at Westminster Hall and kissed her affectionately.

After a short service the Archbishop of Can. terbury's Chaplain, carrying an immense gold, erosa led a short pencussion: to the gun cand.

aga.

Before antering her carriage Queen Alex. andra pasted Klog Edward's dog and charger, The lucident was most touching.-N. G. D. Nas

AT Nice on April ar the aviator Vanderberg in Chios, who are playing the most active part

"A thorough knowledge of China. not nearly so necessary to man already sagaged in business as to our young men whore ambition it is to play the hero in the great field of com- mercial contests. I am one of those who fully approve of the decision of the business-men who recently arranged a tour through China with a view to inspecting commercial and other matters in that Empire. It is to be hoped that their trip will be followed by many under. takings of a similar kind."--Japan Cărenicis,

COMMERCIAL

YARN MARRH7.

Hongkong, 27th May. Since our last report dated 19th inst, per str. and very small transactions have been put Devanha, the yarn market has continued dall, through at chaup rales. American cotton has had a strong and steady market, which has produced a like effect on Bombay, where no further decline has taken place. Consequently, here local holders are not anxious to dispose of their stock at the cheap rates pling and A firmer feeling prevails among Chinese buyers. It is a foregone conclusion that when the market becomes stronger buyers will come forward to do business. At the close the market is goiat, but steady

for the first time on record, took a passenger || In; the commercial struggle. In the "M4344}# om a ten-minute fight oni to vot

Kingdom, pay due attention so the mannery a

Total sales 2,000 bales Unsold stocks 14,000 bales. Sold but undelivered in the godowa rad to arriva 43,000 bales,

4.

Arrivals-The mail, sir. Ast ge and extra sts. Franz Ferdinand and Tor Mor from Calcutta have brought in 8,731 bales for H og Bombay, and sten. Kursary and Emmaang from kong, and 8,629 b les for shanghai no ship- ents from Hongkong to Shanghai, and Coast

posta.

tinues

hanghai,-Nothing doing. Market' COD-

quiet. Japanese Yard,—No zales have taken place.] Local Mill, No sales have ben reported. and there has been goibing doing either to Raw Cotton.The market is very quiet Bengal or Chinese. Stock-Bengal 987 bales; and Chinesa yo bales Quotations - Bengal $35 to $37. Cbloese $35 to $41,

Rupees, T/T 1314. Rupees, D/D 13st Shanghai, T/T 745 Japan 88 Bar Silver 141. Sterling, D/D/9 9/16. Sterling, 4m/si 1/9 19/16.

POLISHWALLA & KOTWALL, Cotton & Yarn Brokers, TO-DAY'S RUBBER QUOTATIONS.

May ayıb; 4.43 pm, The following quotations for rubber shares, by wire, are supplied by Mears. E. S. Kadooric

Co.

Allagars

Anglo-JavaTis 30 Anglo-Malaysia30!. Balgowales$33 Bata Tigasyon Bertam že opriata**

Bukit Kajın.. Bukit Rajah

30/; prem.

Carey Unitedsant vai Castlefelda.....1.20 Changkat Serdang ... São Cheras .......

.....St]

Damansaras

Rastern Internationals.....40/- prem." Fed. Selangor

Gleneslys... -**- Glenshiele........... Golcondasamento an Colden Hope........

Highlands and Lowlands..........1149/.

Indragiri para ****

fuck Kenncils

1;

';

To-day's Advertisements.

NOTICE TO CONSIGNEES.

FROM BOMBAY, COLOMBO AND

STRAITS.

HE'P. & C. S. N. Co's Steamer

..A

-" ASSAYE.” ** Consignens of Cargo by the above-named vassel are hereby Informed that their Goods are ipg landed and placed at their risk in the Hongkong and Kowloon Wharf and Godown Consignment will be sorted out Mark by Mark Company's Godowns at Kowloon, where each

and delivery can be obtained as soon as the Goods are landed.

This vessel brings on Cargo

From London, &c., ex 1.1. Mala... From Persian Gulf, B.1.5.N. and B. &

P. S. N. Co.'s Steamers... instructions are given to the contrary before Optional Goods will be 'landed here unless

5 boters.

་

P.M., will be subject to rent.

Goods not cleared by the rat Juno," at 4

No Fire Insurance will be effected bg, ma la any case whatever.

Damaged Packages must be left in the Godowns for examination by the Clonsignaci pointed hour. All claims must be presected and the Company's representative at an ap within ten days of the steamer's arrival here, after which date they cannot be recognised. No claims will be admitted after the Goods have left the Godowns,

E. A. HEWETT,'

Superintendent,

Hongkong, 26th May, 1010

[4

EASTERN AND AUSTRALIAN STEAM-

SHIP COMPANY,” LIMITED.

(Calling st Timor, Port Darwin, and Queens. tand Ports, and taking through Gargo to Adelaide, New Zealand, Tasmanis, &c)

FOR SYDNEY AND MELBOURNE

HE Steamship

THE

"EMPIRE"

Captain Helms, will be despatched as shove on MONDAY, the goth lost,, at to A.M., instead of at Noon.

This:wall known Steamer le poolally fitted (or Passengers, and has a Refrigerating Cham ber which ausures the supply of Fresh Provi. sions, Ice, &c, throughout the voyage.

the lactrle Light.

The Steamer is installed throughont, with

are carried.

A Biowardess and a duly, qualified Surgeon

N.B-Tore the additional comfort of passengers the steamers of the Company bave electric fans fitted in, atutarOOMS,

For Freight or Passage, apply to

GIBB, LIVINGSTON & '06,

Agent:: Hongkong, 17th May, 1910,

Events Coming.

[370

Hughes and Hough, i am.

Saturday, 18th May. Auction enle, saived gear ex sa. Tafikan,

Annual meeting, Peak Tramway Co., noon, *Gymkhana meeting, Race Course,

Craigengowar Cricket Club annual sports, Happy Valley,

Tuniday, 31st May.

A. S. Watson & Co., annual meeting, moon, Walkins, Ld., annual meeting, noon..

Intimations.

THE

DAIRY FAUM Co.,

LIMITED.

Choice Australian

BEEF, LAMB, MUTTON,

and RABBITS.

The "ASA Brewery is situated nanggehe “Palóm springs.

There Celebrated wetere are used la abi manufacturs of our banre.

WE

Purity guaranteed.. Nola Price List -- "ABAHI" & "SAPPORO

Beer,

percase 4 doz, qiel

$1.00

par cans & dos. pla $11.59

To be obtained si il kutuliaro.

NOTICE OF REMOVAL.

JE bava this day REMOVED our OFFICES to 5 QUEEN'S BUILD. INGS, Chater Road, hitherto occupied by the National Bank of Ohio.

ES. KADOORIE & GO. Hongkong, 14th May, 1910,

{371

JAPANESE MASSAGE.

er MEIJI

SHA,

-GRADUATE Or KOBE MESSAGE SCHOOL. ATTENDANCE AT PATIENTS', RESIDENCE. No. 171, WANCHAI' ROAD, · GROUND FLOOR, Hongkong, Ioth January, 1910.

THE "HINA PROVIDENT LOAN WAND

MORTGAGE CO., LI).

(Davital Paid Ur ..............St;350,000).

Loans as Mortgage of House Propesiy, &c, Goods recaired on Storage. Advances made on Merchandise. Loans made on the Provident System.

(Rates and Particulars co application).

THE OFFICE OF TRUSTHE, EXECUTOR OF WILLS, ATTORNEY, &c., Vadertaken and Executed.

SHEWAN, TOMES & Co.,

General Managers,

Hongkong, rach March, reol·

NOTICE.

EST ASIATIQUE FRANCAIS.

8.S. "HAIMUN,"

Captain de Ostaleno, will leave this port for HAIPHONG DIRECT TO-MORROW, the 18th May, 1910, at 10 AM,

For Freight and Passage, apply to

Hongkong, 37th May, 1910

MESSAGERIES MARITIMES,

AGENTS.

[400

REDUCED PRICES FOR

WHISKIES.

107/1 ...137/6

Jegalas Jonglendon

KING EDWARD VII VERY OLD LIQUEUR

WHISKEY (Gold Labely .

Par Casa

$25.00

Kamonings... 9/6 prz Kuala Lumpore

KING GEORGE IV VERY OLD LIQUEUR

WHISKEY (Gold Label)

25.00

KING EDWARD VII SPECIAL (White Label)

-

18.00

100/.

61,6

167/6

KING GEORGE IV (White Label).

18.00

18.00

550

CLUB WHISKY (Our Own Special Bleud)

16.00

Lunadrons (fully paid).12.16.

Labadrons (ppd.)

Labus

Ledburys ....

Loggle

open London Asiatice dien London Ventured Marlimate

Fajami........ Perohs

Rubber 53/6 prem. Saggi *********

Sandycrofts cheminė › mismajo

Sapongsamme e non 4*}*

Sendelds.

&akputta avrwer་

.......35/ pram. Shalfords

singganze » sprugu 77/0 Singapore & Johores Sumatra Perak............inner onze *** Bungel Chols Bungal Kapare in

195). Tandjonge -.............72/6 prem Tangkakanpran55/1⁄2 prem, Touras gleie + 7/5 prem nom. Ulu Rastenersgrenselandets United Serdang,

semena!45/i

Usfied Singapore $34. ex rights United Sumatras ****12/6 Unlied Langkats" "pina-angen va

PERFECTION (D. & J. McCallum's)

The cheapest of these Whiskies is far superior in Quality, Mellow ness and Maturity to the majority of the so-called popular Whiskies. Connoisseurs are unanimous in their verdict as 'regards this.

H. PRICE AND CO, LTD.,

WINE and SPIRIT MERCHANTS,

12, Queen's Road, Hongkong.

Telephone No. 185-Ring us up when you are in need of anything in

the

WRY

of Wines and Spirita.

19% =7th May, 1910

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