1910-05-31 — Page 5

WATKINS, LIMITED.

ANNUAL MERTING,

The eleventh ordinary annual mesting of shareholders in Meisri, Watkins, Limbed, for the purpose of presenting the report of the general managers and a statement of accounti for the year ended gist Disember, 1909, wür beld at the Company's office at noon, to-day. Mr. G. A. Watkins took the chair and others present were Messi, Chan A. Fook, A. R. Lowe and S. D.'Mobal.

Mr. Chao A., Fook having read the notice convening the meeting, the Chairman said :- Gentlemen, The report and accounts ara in your hands, and, with your permission, we will take them as read. We commenced the yaar with improved prospects and I am pleased to inform you that our volume of business tms been much larger than the previous year. In order to meet increased competition we had; however, to considerably reduce our prices all round and this, taken in conjunction with a lose of some: $1,000 in exchange, as against a proût of over 53,000 in 1908, accounts mainly for the smaller profi's shown. Nevertheless, your Directors have agreed to fulfil the pre- mise made at the apbuat meeting last year by declaring a dividend, which, we trast, will meet with your approval. Your property is written down to the lowest poruble figure that the Auditors would agree to. With regard to the stock-in-trade in particular, it is extensive, up-to-date and fresh, and evidently meets with public approval, if we may judge from the increated amount of business dyne,

With these remarks I beg to propare the adoption of the report and accounIVOS BICHIT ed. Before putting this to the vafe shall however, be pleased to answer any questions,

There were do, questions.

The Chairman Will any, shareholder pre- senf kindly second the serotation sow before the meeting?

Mr. Meḥil seconded the resolution, which was carried unanimously,

The Chairman -Dividend warçants will be ready on and after Thursday an application at this office; they will not be sent out, There being no furiber business before the meeting. I thank you, gentlemen, for your attendance,

This was all the business,

The report and statement of accounts are as follows:-

"

Gentlemen,-We have the pleasure to sub, mit our Report and Statement of the Accrunts of the Company for the year ended 31st Decem:

ber, 1909.

The result of the year's trading shows a gross profit of $7,003.65 after paying all working charges and writing dew the stuck in the rate of exchange ruling at 31st l'ecember last. To this amount must be added the balance of| $1,617.55 brought forward from last year also Interest and Transfer Fees making a total of $5,647.44, from which yr General Managers have had to meet the following:-

Jateress

.$ 1,031.99 | Depreciation-

Furniture & Fixtures § 7. Steam Launch.

Rent Account ............. Loss on Subsidiary Coinage Legal Expenses in

420 19 1,180,00 18,63 1,743.04 Bi4.25

$118,03 thas leaving a sum of $3,519.41 available for appropriation, &

The Company is still cramped for working Capital, but its Assets having been written how to safe values, your General Managers are agreeable, with the consent of the Share- dolders to distribute $3 5on 10 pay a dividend of 31% and carly foward $19.41 to next year.

AUDITORS

The Accounts bave been audited by MessrY. Lowe, Blagham and Matthews, Professional Accountants..

CHAN A FOOK

G. A.. WATKINS.

General Managers.

Hongkong, 24th May, 1950, PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST DECEMETE, 1909. Dr.

To tents, rates and telephone

paid.........

Leas rents received... 3,060,00

......$3,078,63

To faternel on bills payable..

To Depreciation:-

Shop fittings and fixtures

at c%

415.10.

Steam launch specially de.

preciated......................

1,100.00

18.63 1,032,91

1,520.10

Building:-

Adicts.

Aunt 31st December,

THE HONGKONG TELEGRAPH TUESDAY MAY 31 1910

1998, ....................... $17,209.74 Lean building depreci

tion reserva B/c. an

143 144 17:209 24

per balance sheet at gist December,

Furniture and Fixtures—

1905. *****

As per balance sheet at“

'31st Dec. 1908...... 8,403,92. Der depreciation 5% written off. AN

420.19

7,983.73

57.65

Additions during the

year

10,000.00

8,041.98

3,000.00

3,100.00

Aerated Water Plant:-

As per balance sheet at graf Dec. Steam Launch "Watkins”

1908 ***

Cost to date

Less amount written off

as depreciation... 1,100,00 Stock on band (sterling at

• 1/99/16) Le reserve, as per last

account....

09.194.24

8,000,00

“THE FINEST SITE",

MỌI STEWART MOYES THÌ COURG L

At the meeting of the Legislativa Cosacil on

Thursday next, the Hoa, Mr. M. Stewart will

To-day's Advertisements.

TO LET.

move that, before putting up to suction the 156, PRÁVA EAST from 1st June. plot af Crown Land situated to the North of

Also OFFICES at No. 2, PEDDER STREET from the New Law Courts, the Government shall refer the proposed conditions of sale to this

Apply Council.'

¿ THE OPIUM ordinanCE,

HARDSHIPS TO BONA FIDE TRAVELLERS.

The Hou, Mr. M. Stewart will ask the follow- log questions at the meeting of the' Loginlative' Council on rad.prox:—

(i) Is it the case that on the 9th May the wife of the lately deceased Assistant, Magistrate of the Sun On District," on her way through to Tienta with his body, was committed to prissa in this Cal ny, for seven weeks, for having in her possession a small quantity of 7,000,00 opium droas, some anti-opiam pills and a little

raw opium, value, all told, about Sjo žive

(i. Is it the case th His Excellency the Officer Administering the Government, -to- cognising the hardship created in this instance by the operation of the Opium Ordinance, †quashed the sentence?

61394-34

Sundry Debtors:→→→

·Trade..........662

28,667.14 Sundries as magasnu

5,093.62

13.76.04 Leit reserve for bad and

doubtful debis....

*1980.16 Unexpired Fire Insurance and

Licences........

28,780.58

1155-12

Cast:-

ta band........

2,371.41

Hongkong and Shang-

hat Back

International Banking

Corporation

437.40

1,100.07

(ill.) Will the Government consider the ad. visability of so amending the Opium Ordinance as to provide magisterial discretionary powers or other incans whereby back fide travellers hrough the Colony, having in their possession a little opium for private use, may escape penalties intended for lelonious smuggling?

H. PRICE & CO., “LD.

ANNUAL MEETING.

The third ordinary annual meeting of share- 14,308.88 bolders was held at the company's offices, 12, 'Queen's Road, at 12,30 pm., to-day. There $198,583.25 Were present:-Mr. P. Loureiro (chairman), Mr. A. Rumjaho, superialoading director, Mr. Chan Kai Miog, director, Mr. A. R. Lowe, the com. Po Wing, Mr. Lo Tiz Chun, Mr. Wang Kang pany's auditor, Mr. Ellis Kadoorid, Mr. Lau Yee; shareholders, and Mr. A. Chathon, secre

RAUK GOLD MINE,

The following is the result of crashing operatioasat Ranb for the four weeks ending stat inst

Bukit Keman-Stone crushed 2931 tons; Gold obtained 1,150 ounces; Average per ton 7.85 dwt,

1

Gold obtained 95 cunces; Average per ton Bukit Malaccatone crushed 401 toos;

dwi.

4.71

SELANGOR KUBBER REPORT.

AN IMPOSING DIVIDEND.

tary.

vening the meeting,

The Secretary having read the notice con-

ན་

port and accounts having been in your bands The Chaman said:-Gentlemen,- Ibo re- for some days and I take it that I may assume, as usual, that you will not desire to have them read. It is very: satisfactory to observe that your business for the period under review showed a substantial increase over that of the. previous year and that from the commence. crease over the corresponding period of last ment of this year up to this day a decided in- year has taken place. I see no reason why, our business should not contious to develop

a

customers and the public generally the best our policy has ever been to offer our value. In consequence of the passing of the Liquors Ordinance our expanses have been somewhat increased owing to our being com. pelled to keep additional sets of books and having a special licensed warehouse for storage of datiable goods which necessitated our engag- log extra clerks, etc. Our agencies in Macaq and Canton are also doing an increased busi-

Excellent progress is disclosed in the report of the Seliogor Rubber Company. The out put of dry rubber in 1959 was 316,614 lbs, në compared with only 189,979 lbs in the previous year, while the average price obtained shows ad improvement of as aåd at 68 7d perib. The revenue for the year is 18 811, 4gainst £18,486 for 1908, while, as announced last week, the dividend has beec increased from 7 io the imposing figure of 2871 per cent. While provid-, ing for this fine, distribution, the directors are ahle to allow &,500 for depreciation and to the first instance to the company's capital renesa nod we hops before the year closes to transfer £5,500 to the reserve, to be applied in

should have been last year, averaging 19.6 quirements. Cosis were not as low as they

to 11.73 cents, so that a material improvement cents. In January last the cost had declined unde, this head is to be expected in the current year. The output for agio is expected to exceed

450,000 lbs.

THE CHINCHOD·AIGUN.

KAILWAY,

PROBABILITY OF CONSTRUCTION,

London, May 25, Mr. Wilfred Straight is now in Paris, where he will meet Mr. Pierpont Morgan, the fean- cler, (whose interests in the Far East Mr. Straight represents). Before his return to China Mr. Straight will call at St. Petersburg to discuss with the ufficials concerned the attitude of Russia towards the Chinchou-Aigua Bail- way:

The Standard believes that the difficulties regarding the line, will probably sooner or later be surmounted and adds that none of the Powers are violently antagonistic. The pro bability is that with judicious action China would find no opposition to thup developing her own resources. It is always possible that tha Peking authorities may decide to laltiate

To loss on subsidiary coinago, A 1.742.04the line without waiting for general approba To legal expenses....

To balance as per balance sheet

Cr,

814.25

5.128.03 3.519.41

tion, In that case it in uplikely that the Powers affected will take muy particular action, bot merely recognizs the fait accompli, inasmuch as the line need not necessarily bo extended, ot first, to the Russian frontier and therefore should not raise an international question.- N. C. D. Netos.

* 38,647.44 By balance from last year ........ 1,617,55 By balance of working account .................. 7,003,65 By transfer fees............ · smatr 50 CONSIDERABLE excitement has been created in By Back and loan interest received

scientific circles in America by the publication Jess paid.........Ou

in the leading jemals of tho claims of Dr. Lange of Scranton, Pennnyivadla, that he bas discovered a process of alchemy,

25.74

$9,647-44

BALANCE SHEET-ST DECENDER, 1959. Liabilitice, Capital:-

10,000 shares of $to' each fully

paid up nomonami 100,000.00 Creditors1

LOBA............$ 1,000,00 "Trade creditor' accept-

sace.............. 7,591.80

Open accepots...ter creä 16,033,64- Unclaimed dividande...

Profit and loss account

436.10.

places in the South, Gentlemen, before mov- open up agencies or branches in two or three

accounts for the year 1949'I shall be pleased to ing the adoption of the report and statement of

the best of my ability. answer any question that may be put to me to

:

There being no questiers,

The Chairman moved the adoption of the report and sccunts,

Mr. Ellia Kadoorie seconded.

Carried....

The Chairman -I think that is all the busi Desa bela e you. I thank you for your attend.

AUCE.

The meeting then concluded.

The report is as follows:

their report and stairment of accounts for the The di-ectors-have the pleasure to submit year ended 31st December, 1909:

$15,564.07 to which has to be added the balance The net profit for the period amounts to brought forward from 1908, 5676.Fp, leaving $74,334.87 at the credit of profit and loss account, which the directos propote appro- priating as follows:-

To pay a dividend at the rate of 14% per annum for the year, vx:-.40 per share on 13,000 ́shares, absorbing..............$16,802,00 To writs off godown account...... 5,611.09 To carry forward to next account' 1,913.67

$14,334.87

: In addition to the above amount of 5-,613,0? which the directors proprse writing off against goodwill, they propase with your permission by transferring the amoval at credit of special to further write down this account to $53,00.00 reserve, $5.000.

The accruals have been audited by Meurs, Lowe, Bingham & Maltbawa,

P. LOUREIRO, Chairman. Hongkong, talh May, 1910,

ist July.

Mosure, JARDINE, MATHESON & Co., LTD, Hongkong, 31st May, 1930,

(451 "SHIRE

LINE OF STEAMERS,

LIMITED..

FOR LONDON, Rotterdam and ANTWERP.

T

HE Steamship

"BRECONSHIRE,"

Captain Tomlinson, will be despatched as above about 20th Jane.

For Freight or Passage, apply to

To-day's Advertisements.

FIRE INSURANCE ASSOCIATION OF

1910.

HONGKONG.

PUBLIC HOLIDAY.

IN accordance with Ordinance No. 2 of 1876 and Government Notification No. 155 of 17th instant, all FIRE INSURANCE OF FICES will be' CLOSED for the transaction of Public Business on FRIDAY, the 3rd-June,

By Order

A. R. LOWE, Secretary. Hongkong, 31st May, igro, „"

[407 MARINE INSURANCE" ASSOCIATION" OF HONGKONG. PUBLIC HOLIDAY.

I accordance with Ordinance No. 2 of 1876 and Government Notification "No, 155 of 27th inatiat, all MARINE INSURANCE OFFICES will be CLOSED for the trat.nac-

JARDINE, MATHESON & Co., LTD1tion of Public Business on FRIDAY, the 3rd |

Agnots,

H

Hongkong, 31st May, igro.

[450 NORDDEUTSCHER LLOYD, Bremen, IMPERIAL GERMAN MAIL LINE. JAPAN-CHINA-AUSTRALIA LINE. FOR YOKOHAMA AND KOBE:

THE Steamship

PRINZ SIGISMUND"

June, 1910

By Order,

Ä. P. LOWE, Secretary.

1408

Hongkong, 31st May, 1910.

"

NOTICE TO CONSIGNEES, “

FROM CALOUTTA, Penang AND SINGAPORE.

"LIGHTNING,"

Captain. D. Lenz, will leave for the above THE Steamship places TO-MORROW, the ist Juno, at Day- light, Passengers and is installed throughout with This splendid Steamer is specially fitted for Electric Light.

A duly qualified. Surgeon and. Stewardess are carried.

For Freight or Passage, apply to

NORDDEUTSCHER LLOYD.

MELOHERS & Co., General Agents.

Hongkong, 31st May, 1910`

COMMERCIAL,

siguces of Cargo are hereby informed that their having arrived from the above Ports, Cop Goods will be delivered from alongside.

Cargo impeding the discharge of the versal will be landed at once, at Consignees' risk and expense,

:

Cargo remaining on board after 4 P.M. of the 2nd June will be landed at consignees' risk and expense..

Consignees of Cargo from SINGAPORE 17and PENANG are requested to take IM- MEDIATE DELIVERY of their Goods from alongside, auch Cargo impeding the dis- charge of the vessel will be landed and stored

Consignees' risk and expense.

by wire, are supplied by Messrs, E. S. Kadoorie

May 31st, $1.15 1.m., The following quotations fór rubber shares, & Co.:-

A DELIGHTFUL Example of the "spool" pro· spectus is that of the Simpal Ceimon 'Bakit Schep. Robber lovestment Trust Corporation, Limited, "The subscription list will stay open notil ali ska, mugs are caught,” “The vendors A WASHINGTON despatch of May 24 Knyg— will isko cash and the public the shares (D,7 )," | Qan houdred and thirty millions of dollar The company "his born formed' (inter aliens) | carried in the naval appropriation bill, was for the purpose primarily of exploiting the in- 3 passed by the Senate to-day and the bill now babitante of the Bonighted Kingdom and secur- awaits, only the signature of the President to log their money beforé L. George dour 11 is become a law. The main provision of the bill 25,060,24 proposed, if thought fi", to acquira a conces is for the buildlog of two battleships of the | $19.41 stop of land in the 'contre of Africa from the super-Dreadnought type which Navy experia Kings of Borroh-Bonoh and Karri-Ovan,”—hare planned to be superior to any other war

ship float

Aliagarr

эткастель

......7.

· Anglo-Javan

******... TIs. 18 Ango-Malays............ · ..............,29/6 Balgownies

..$3 Batu Tigasze mies Bertam .........8/6 Bukit Kajangan muk Bukit Rajabs Carey Uniteds

.......................37/- prom.. Castlefields

d30/ Changkat Serdang ........$20 Oberas

Damansaras.

...175/. Eastern laternailonats ......40), pram,· Fed. Selangors

Glendalys

Glansbiols

162/6

Golcendas

-137/6

Golden Hopes......... Highlands and Lowlands.. Indragiri...ktarı

137/6 ...$35

lach Keonelbs exam

Jequies...........

Jonglasdors .....................

Kamuning 8/6 prem. Kuala Lumpors

Lanadrons (fully paid), ................................. Lanadrons (ppd.}

10 ANTARA,

Ledburys Linggis London Asiatics p London Vestures Merlimaus

.95/. .....61/7 ...16/. .8/6

Pajams.......$18 Pegoha muuminiuose aproban$50 Rubbar Trusts 53/6 prem. Saggas wienetankitõpa913) sertainer Sandycroft LÄNDERER-DUTO IDENT

..$40 Sapongs ....

Seafields.

Sekongs........ ....... 30/- prem,

Shelfords .......

Singapore, & Johores

-Sumatra Perasmuni fine.— Sungel Chobs.........................11 5fv. Sungei Kapars

18/9 Tandjongs.........................................73/6 prem...... Tangkahs............................32/6 prami Toerangic.................7/6 prém nom, Ula Rantu

United Serdangs..

****am £35/* United Singapores ......

53 ax rights United Sumatras Uulted Langkats are rea—

Para Rubber.tofi per Ib.

-LANADRON ESTATE. Messro, Barber and Co. report that they bayo received a telegram from the secretary of the company in London, advising that the direc (making with the 10% alrandy paid, 271% for tors have declared a final dividend of 171%, the year). The directors have added to the re- sarve fund the sum of £7,000, '£1,950 to em- ployees bonus funds, carrying toward' £1,350,

'APRIL OUTPUT, Tremelbye-2,213 lbs.

Events Coming.

Thursday, and Jud. Auction sale, Green Isizud; salipatre,

Friday, 3rd Jung,

King's Hirthday, dies non.·

Saturday, 4th Joke. Lammert, 2.30 p.m.

Auction selo, miscellanions, goods," G. P.

New Seamen's Institnis, opeslag commonY, 4 Saturday, 18th June,

undersigned.

No Fire Insurance bar bean affected. Bills of Lading will be countersigned by the

· DAVID SASSOON & Co, LIMITED,

Agents, Hangking, 31st May, #911

40g

NORDDEUTSCHER LLOYD, BREMEN. IMPERIAL GERMAN MAIL LINE. NOTICE TO CONSIGNEES,

THE Steamabip

"PRINZ SIGISMOND," having arrived, Consignees of Cargo are hereby informed that their Goods, with the exception of Opium, Treasure and Valuables, are being landed and stored at their risk into the bazardous andfor extra hazardous Godowns of the Hongkong and Kowloon Wharf and Go down Company, Limited, Kowloon, and West Point Godowns, whence delivery...... may... be obtained.,

No Claims will be admitted. after the Goods have left the Godowas, and all Goods remain. ing undelivered after the 7th of Jung wilt be subject to rent,

¿

All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 7th of June, at 9.30 AM,

All claims must reach us before the uth of June, igro, or they will not be recognized. No Fire Insurance will be effected. Bills of Lading will be countersigned by the undersigned,

NORDDEUTSCHER LLOYD, MELCHERS & Co., General Agents,

Hongkong, 31 May, 1910,

IMPERIAL RUSSIAN CONSULATE,

NOTICE.

b

THE OFFICE of the IMPERIAL

Entimations.

THE

DAIRY FARM CO., LIMITED.

Choice Australian

BEEF, LAME, MUTTON,

and RABBITS.

The "ASAHI" Brewery in situated near the “Suita. springen

These Colebrated waitrs are used in the manufacture of

our beers,

Purity guaranteed.

Note Price List

"ASARI" & "SAPPORO"

Bear,

per case 4. dos l

$1.00

per exas 8 dos, pri ~$13.50

To be obtained at all Ratallers,

THE

HINA PROVIDENT LOAN AND

MORTGAGE CO., LD.

¿ (DAPITAL PAID UP ..................$5,#50,000} Loans on Mortgage of House Property; &.. Gooda received on Storags.

Advancos made on Marchandise, Loans misde on the Provident System.

(Rates and Panicuiars on application).

THE OFFICE OF · TRUSTRE, EXROUTOR OF WILLS, ATTORNEY, &c., Undertaken and Executed.

SHEWAN, TOMES & Co., Gozeral Managers.

Honghaaz, tüik March, 1908

PEAK TRAMWAYS COMPANY

1.00 t

LIMITED,

TIME TABLE.

*Week Days,

7.30 am. to 10.00 àm. .....Every In minutes, CLOU m, to 11,00 am. ..... Every 15 minutes. 17,50 mm, 10.12.45 pm, ...Every 15 minuter. (3.45 pm, 10 1.15 p...Every 10 minutes, 1.15 pm, 10: 6,45 pm. ...Every.15 mluntas p.m. to Is Every 10 minuter, 3.15 p.m. to 1.00 p.m.... Every 15 minutes, 130 p.m. to 5.00 pm, ... Every 15 minuter. 1.00 pm, to 8,00. p.œ.... Every to minuter, NIGHT CAR*,

1.

145 pm and

9 pm, 9:45 pm to 11.15 pm, every half" hour, SUNDAYS. J.com, to 9.00 am. ... Every 15 minutes, 3.00 am to 9.30 &M: 10+Xv8r7y, 30, minutes, 9:30a.m. 10-10.30 8,05, 10E5Taty a5 minutes, 10.30 am 10 13.00 am....Every za minates, 11.45 1.2. TÓ 12,00 noon... Every 15 mlanter. Loo Noon to Lo0 p.m.... Every 10 minutes, 1.00 p.m., to $.00 p.m. Every 15 minutes, 1.00 pm to 6.20 p.m. ... Every so minutes, 0. p.m. 10 1:00 p.m.... Krury 15 minutus, 1,00 p.m. to 8.00 p.10, ... Every ro minutes, NIGHT BARS an on Week Days. BATURDATE.

Extra cars at 1-15 pan., 11,80 pom, and 11:45 PM.

SPECIAL CARS by Arrangement at the

RUSSIAN CONSULATE has been REMOVED to 3. QUEEN'S BUILDING,Jampany's Ofics, Alexandra BizDINSI, 3RD FLOOR, Ice House Street, hitherto ac- Das Voeux Road Central. cupied by the Norwegian Vice-Consulate.

Telephone No. 634.

Hongkong, 11st May, roid:

1401

JOHN D, HUMPHRYS & SON,

Genazni Maungers, Manekens in April, reos,

REDUCED PRICES FOR

WHISKIES.

For Casa

KING EDWARD VII VERY OLD LIQUEUR

WHISKEY (Gold Label)

$25,00

KING GEORGE IV VERY OLD LIQUEUR

WHISKEY (Gold Label)

25.00

KING EDWARD VII SPECIAL (White Label)

18.00

KING GEORGE IV (White Label)

18.00

PERFECTION (D. & J. McCallum's) CLUB WHISKY (Our Own Special Blend)

18:00

16.00

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

H. PRICE AND CO., LTD., WINE and SPIRIT MERCHANTS,

13, Queen's Road, Hongkong.

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

the way of Wines and Spirib.

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