1910-08-10 — Page 5

"BONGKONG AND SHANGHAI BANKING CORPORATION.

"HALF-YEARLY REPORT.

HALF-YE

The plasticth report of the Court of Directors.

to the ordinary balf-yearly general meeting

THE HONGKONG TELEGRAPH WEDNESDAY AUGUST 10 1910

Bills discounted, loans and cre

dits............

Bills receivable Bank premises.

*********** 144,530,743.46 125,639,558.39

2,047,920.87

THE OPIUM PROBLEM.

· INDIA AND CHINA.

Simla, July 20lb.

- $377383,079.49 || Alihough no official confirmation has yet been received in Simla regarding the steps taken by the Wai Wa Pu Government in withdraw.

of shareholders to be held at the City Hall, GENERAL PROFIT AND LOSS ACCOUNT, HONG- og the quitous ex opaa ladina oplum at on Saturday, the 20th Įpat, at noon, -is-RE follows:-

To the proprietors of, the Hongkong and Shanghai Backing Corporation.

Gentlenes-he directors have now to sub. mit to you a general statement of the affairs of the Bank, and balance sheet for the bull-year Kending 30th June, 1910,

The cat profits for that period, including $2,028,987.94, balance brought forward from last account, after piying all charges, deduc'ing faterest paid and dus, maklog" provision for bad and doubtful, accounts, amount to $$.389,127.67.

The directors recommend the transfar of $500,000 from the profit and loss account.to credit of the silver reserva lund, which fund will then strod at $16,000,000

They also recommend writing off Bank pre- mises account the sum of $150,000

After making these translers and deducting remuneration to directors these remains for appropriation $1.714,127.67, cut of which the directors recommend' the payment of a divid. end of two pounds sterling per share, viz. £240,000 which at 1/79, the rats of the day, will absorb $1,694,736.84.

The balance $1,219,1998; to be carried to new profit and loss account.

STERLING RESERVE FUND. Owing to the redemption of the National War Loan a re-artpogement of the securities held in this account became necessary, pod £270,000 3% Exchequer Bands dus 1915 were purchased, which stand in the books at 98.” The oppor tunity was tres tá ažju teu, holding of Con. sals to 80 bed to write down Other Sterling Becurities.

The expenditure incurred in effecting these changas, viz: £7, 70, has been met out of the profi' of the balf-year.

BRANCHES AND AGENCIES

Sub-Agencies of the Bank have been opraed -at-Ìpoli-and-Jaharo (Malay_Leniasula).....

DIRECTORS.

Mr. E. G. Barrett, Mr. C. 8. Cubbay and the Hospurible Mr W. J. Gr.sinn having resigned their seats on leaving the Colouy, Mr. G. H. Medhurst, Mr. F. th. Armstrong, Mr. S. A. Levy and the Honourable Mr Henty Keswick have been invited to fill the vacancies, Mr Andrew Forbes has been invited to join the Board. There appointments requira confirma tion at this meeting.

Mr. G. Palloch has been elected Chairman for the remainder of the year and Mr. Robert Shewas Deputy Chairman,

AUDITORS.

T..e accounts have beco audited by Mr. F. Maitland and Mr. J. W, C. Banar, the former acting for Mr. W. Hauen Potts wao is about from the Colony,

G. BALLOCH,

Chairman.

Hongkong, 9th August, 1910,

ABSTRACT OF ABELTS AND LIABILITIES, HONGKONG AND SHANGHAI DANKING CORPORATION. 30th June, 1910 Liabilities

$

Paid-up capital Sterling reserve fund £1,500,000

© ¿x 1/

Silver reserve fund

Marine insurance account

Notes in circulation --

(Authorised issue

against securi- lies and coin deposited willi the Crown

Agents for the

Colonies and

their trustees) $15,000,000 00

KONG, AND SHANGHAI BANKING

CORPORATION.

30th June, 1910. Dr.

|

treaty ports the Viceroy of Canton will no doubl delay the withdrawal to favour the monop list |hat its eventu, disappearance is evident. Sir Ficewood Wilson and the Government of Remuneration director...$ 15,000.00 is fairly certain ibat China will adhere to the loda have adopted a very firm attitude and it To Dividend account-

To amounts written off-

•

Ez per share on 110,000 shares

6749,000 at 1,911,694,736 84 To Transfer to silver reserve fund 500,000 oo To Transfer to Book promises

RECOUD1

To Balance forward to next half-

year.

Jiy balance of us. divided profits, gast December, 1000

Amount of net profits

for the six months ending 30th June, 19.0, after indk ing provision for bad and doubt- iul debts, deduct-

$2,018,987.94

ing all expenses and interest paid", and due...

3.350,139.73

JU

150,000.00

2,029,300.83

$5,380,127.67.

STIRLING RESERVE FUND. To balarice £500,000 @ ex 2}- $15,000,000.00

(invested in sterling securities) —

$5,000,000.00

terms of the Chefoo Convention. The most important question relating to the future of of opium is the attitude of the United States and

the fribcoming International Conference Rt The Hague. Invitations have been Issued by President Taft to all the Powers which the mujority have accepted, This majority, however, 'bas little or no interest in the opium trade. Among the lower who bava expressed their willingnass 10 Jolu this Conference are Rossla, Italy, the Netherlands, Germany, Greece, Persin, China, Japan. Austria Hungary has theokfully declined saying that she has no interest, in the soatter. A reply from Turkey in shortly expected, while France bas informed the United States that she will join in the event of the British Government ac cepting the invitation.. The Home Govern ment bava appointed an informal Committes to advise upon its attitude. Some uncasinose

is felt as to this Commi'tes's finding as India will be the only loser in the event of the | extinction of the opium trade. The Shanghai Commission drew up several resolutions -$5.389,127.67

which wore accepted by all parties $5,39,127.67 and it was decided that cach Power should work independently to give effect to those resolutions.' No joint action was coo templated by the Government of the United.. States to bold this Conferenc: with the object of incorporating the resolutions of the Shangbai Conference into an laternational convention thur_constituting a clear breach of the condi- 5,000,000,00tions under which the Shanghai Conference Commission assembled. . The opium trade $15,000,000.00 be ween India and China is governed by a series of treaties between these two high con. ****** $16,000,000.00 tracting Pwers and if America succeeds in having the next Conference at the Hague it $16,000,000.00 will succeed in establishing an international By Balance gist December, 1503, $15,500,000.00 Censorship over the trade relations between By Transfor from Profit and

By balance 31st December, ayǝg,

*£1,500,000 & ex *

$

SILVER RESERVE FUND...

Tu Balance..............

Loss Account....................................

CHEAP RICH IN CANTON,

EXTENSION OF RELIEF MEASURE, [From Our Own Correspondent,]

COMMERCIAL.

August 10th, 1 p.m.

To-day's Advertisements.

The following quotations for rubber shares, FOR SHANGHAI, MOJI, KÖBE, AND

by wire, are supplied by Messrs. E, S, Kadooris & Co. ;-

Anglo-Javas Anglo-Malays.. Balgazules.......

TIR. 15

..93/6

YOKOHAMA

THE P. & O, S. N. Co.'s Steamship

"PERA,"

Captain W. W. Cooke, x.N.H', wal I ve for the above places TO-MORROW, n itth August, 1910, at 5-2,M.

Batu Figas Bertams, ins Bukit Kajang (pp.) Bukit Rajabs

For Freight, apply to

.........bg/.

E. A HEWETT,

· Superintendent, Hongkong 10th August "ca

e

Carey Uniteds.20 prets. Castlefaids enviso ĐỊNH H Changkat Serdangs -mimurça

$11 'Cheras (part paid)..................................................$18 Do. (ially paid) SI Damansaras.........................................*155/ Kastern Internationals ......15/- presa. Fed. Selangore Glendalys..AS POSTEDİ Glenshlals Golcondar

Golden Hope......

Thre

Com$2150

Highlands and Lowlands ..109/- Indragirls.......$17

Inch Kenneth

Jequiorisnikaromusemuiry Jonglanders..................................... w Kamunings.....................5/6 prem, Kuala Lumpors

M1377/6 Laundrons (fully paid) ́........................o' **** Landroak (ppd) ........................

a

Ledburys 80! Linggis ..................................................53/6 London Asiatic 11/9 London Ventures... Merlimaus............... Pajams ........................ua Pegobr

Robber Trusts. Saggat

7/6

$14. $29

25/. prem. ...270). $30

SerangsterOrigi

......30/- prem.

67/6

Sandycrafts

Sapongs

Seafields

Sbalfords.... Singapore & Johores. Somatra Paras............................$F Sungei Chobs1.0/- Sungei Kapar.. - cinemas.15/- Tandjongs Tangkabi.......

Tourang!s

ci........15/- prem.

.. 2/- prem. Olu Ranin mornauimsir *** United Serdang 110'; United Singapor..$1.75 Dalled Sumatras....................................to/ United Langkats. .................................. Bui.

India and Chica. Another Americao scheme is the establishment of a great · Imperial 500,000.co

monopoly under Chinese control, possibly, no $16,000,00.00 Instalment of which was given to the cousin of the Viceroy of Canton rod about wḥich vigorous correipondenca is now passing between the London Foreign Office and the Chinese Govern ment. The opium question is in fact uador active consideration of the Government of Izdja and the India Office and it is time that the mat-' tar should be thoroughly discussed by the Supre- me Legislative Council' which will meet here' this week. The attitude of the Governmest of Iodig towards the Hague Co: ference is an open The following aro estate rubbar crops repost- secret, The Governmet of India would be fullyed firm Tenang and Kuala Lumpur for the justified in resisting further sacrifice of Jadian | month of July Revenues to be cft Chinese monopolists and American concession hunters.

CANTON OPIUM- TAX.

Allahabad, July 16th

Canton, 8th August, On the 7th instant a meeting of the com. mittee of the Carina Cheap Rice Distribution, Bura u took place for the purpose of discuss. Ing the advisability of discontinuing the cheap sale of rice au the 16th instant, on which date the distribution was to cease as origi nally fixed. The director of the Bureau said that 97,700,000 calties of rice were imported frem foreign countries and during the last Two months 16,700,000 catties were sold at No news has yet reached India beyond the cheap prices to supply the wants of the Information contained in Reuter's message yes- people, and there is at present a stock of someterday as to the Wal-wo-pu having admitted 15000,030,039,000,000 catties left unsold. This quantity of the ́illégality of the Croton oplum tax. Il la grajo will be delivered to rice merchants to be known, however, that Mr. Max Muller, official- 15,000,000,00 disposed of for the Bareau, if the cheap dit pg as British Consul-General at Peking, has 19,501,003,00 tribution is to be stopped on the above data. Lutterly been displaying commendable energy 250,003,00 It was proposed by Mr. Kong Shiu Chun that in protesting agalost the tax, and it is quile the cheap rice distribution should be continued || likely that his representations bava at last bað for ore month more, in order to dispose of the | the effect of convincing the. Wai>wo-pn 'of the femaining stock of rice. He asked how much | justice of the British case. mosey would be required for ona month's In any case it is to be hoped that the instrac ex easion of the cheap, distribution, The tious reported to have been made by the Wai- director estimated that it required some twenty | wa pa to the Viceroy of Canton are sufficiently thousind taels fortbe proposed extension. After clear to admit of nó mistnderstanding or | some discussion, it was unanimously agreed to | evasion by 1 e-Cantou authorities.

adopt the proposal as suggested by Mr. Kong.

—13,965,133.00.

Current accounts--

Silver......

10,075,829.63

Gold 4.7/3.737

gr, gd. 53,031,347.36

Silver..... .....$6.1,936,914 70"

Fixed deposits-

Gold, £4,865,88

138. Od........54,631,394 09

Bills Payable (including drafts on

I

BRIGHTER OPIUM OUTLOOK.

+

|| 2t was also decided to approach the committee.

of the Flood Relial Funds to appropriate a sum News of the Chinese submission over the of twenty,thousand taela from the funds for the op'um dispa's was evidently known in Cal- purpose and also to request the officiats to grant cutta on Thursday, 21st ult., for the increased || a certain sum of money from the Government || scrivity in the market and the rise of prices im—1 73, 108,176.99 razsuty in aid of the relief measure.

thowed that the situation was clearing up, The proceeds realised from the distribution temporarily at any rate. Of course everything of cheap rice in Canton during the two days | is by no means clear yet. The Wal-Wa-Po bas on the 5th and 6th instant were as follows :— been forced to acknowledge the illegality of the gth; Eastern Shed, $4,663; Wontero Shed, tax end has promised to notify its Vicaros, ---------------- 17,365,308 79 $31: Wigsha Shed, $1,70) And Hopam This process may lake much or little time ac

Shed, S1,470, 6th: Eastern Shed, $3,440; West- carding to various diplomatic circumstances of ero Shed, $1325; Wongsha Shed, $1,650 and | which we can know very little hers. And aves Ifonam Shed, $1,210. Doring the two days when the Viceroys have been persuaded into the amount realised from the tale of cheap rice, obedience these may still be a perlad daring to the villagers was almost 57,000 each day. which prefec's and revenus-firmera will strive The salex op the 7th instant were :-Eastern to satisfy the Wai-Wa-Tu verbally though bot Shed, 51,978, Western Shed, $1,452; Wangsba | in actual fact. The market may thereford.lake Shed, 5,79% and Honam Shed, $1148. On the some little time to settle, but the hopeful same day a sum of absa; 59,510 worth of rice feature is that the settlement bas begun, and was collected from the villagers who came 10 it will depend upon Sir Edward Grey and fis Canton to obtain the supply of the necessary officers in the East that co set-back occurs," commodity.

London Hankets, call' loans and short sight drawings on London office against bille receivable and bullion ship- ments)............. 21,503,332 64 Profit and loss account

5,39 127.67 Liability on bile of exchange rest

discounted *£7,895,000 apri'kıf, of Welch £6,091,419–49. toď, have since run of..

Cash

Asnela

Coin lodged with the Hongkong Government against authorised and/or excess nato circula-

tion

$,77,183,079 09

$48,995,989-19

veram með 17,003,033.00

Bullion in hand and in transit... 11,945,376,69

Victoria raceuation club.

'PROGRAMME FOR" FORTHCOMING

NIGHT FRTE.

The V.R.C. is bolding their second night Indian Government rupes paper 3,317,687.65 fie on Saturday, oth inst. at 9 pm. The Consols, colonial and other so-

progran me is an attractive one and should ........... 4,7-6,3c2.54|| Call for many entries. The second fête should

curities man Sterling reserve fund investments,

*viz:

£1,105,00% Consols

al 8>...............................£950 pco

(of which Coso,oo lodged

with the Bank of England

nery.)

Special London Re

..

£170,000 3% Exchequer

· Bonds dua 19°5 at98..... 264,600. $15,000, other sterling

Liodic securities, written

down to...

275400

£1,500,000/

prove a greater success ibao thế" fint which took place last wetic. It is a pity that the Committee have not seen fit to include a 100 Yards Scratch Race in the programme, as this will be one of the important events in the Totesport Carcival between Shangbal, and Hop kong, and an event'i kely to be extremely lateresting.

Tho

programme is as follows. Two Leng ba Hand cap.

Diving for Objecla.

Four Lengths Handicap.

Egg and apron Race, One Length,

Find Your Fainers,

Team Race,

Bwicaming in Pales,

Wafer Polo

OPIUM REVENUE,

Simla, July 18th. The opium revenue up to date has been as follows:-Longal opium has fetched R 1,393,390 better than the estimato and Bom bay opium Rs, 1,23,400 bạiter, runking the total revenue better than the estimate by Re: 1,32,15,690,

OPIUM CONFERENCE,

1

Plantation Rebber......6/9 per lb.

RUBBER ESTATE RETURN. JULY OUTPur,

ANGLO MALAY,1-- PATALING:-

4

53,617 lbs

27,428,

ASIATIC-

**10,025

GOLDEN BOPE --

5,434 B

6,75 " 13,000

12,000 s

BELSDA BIKAM:

Paradise -

H:GHLANDS & LOWLANDS:-39,166, CHERSONESE:— { 1,950 lbs (Para)

GALEDONIA:-

TALI AYER.

*GEDONG-

NOVA SCOTIA :--- RUBANA:-

PATAK RABIT-

SENOAT:-

GLENBALY ;-. RATANG!!-

{ 263 lbs (Rambong)

13,500

23,000

23,40 lbs

14,975 » 16,500 μ

1.335 1

7,03 in

1.735 10

1,850 #

1

UNITED SINGAPORE:-1,945 iba; against

1,310 lbs.

Agents Guthrie & Co.

· Kamunikoi—7,935 lbs ; agalost 4,549 lbs.

NOTICE TO CONSIGNEES.

THE P& O. S. N. Co.'s Steamer THE

"PERA,".

FROM ANTWERP, ́ ́ ONDON, MALTA, PORT SAID, SUEZ AND STRAITS. Consignees of Cargo by the above-named vossal are hereby informed that their Goods are being. landed and placed at their rith in the Hongkong and Kowloon Wharf and Godown Company's Godowns at Kowloon, where each Consignment will be sorted out Mark by Mark and delivery can be obtained an augn as the Goods are landed.

Optional Goods will be landed here unless Instructions are given to the contrary before 6 hours.

Goods not cloured by the 16th lust, at 4 P.M., will be subject to rent.

No Fire Insurance will be affected by me is any casa whatever.

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

́E, A HEWETT,

Superintendent, Hongkong, toth August, 1910.

To

NORDDEUTSCHER LLOYD, BREMEN, IMPERIAL GERMAN MAIL LINE.

NOTICE TO CONSIGNEES,

THE Steamship

"GOEBEN," having arrived, Consignees of Cargo are hereby Informed that their Goods, with the exception of Opium, Treasure and Valuables, are being fanded and stored at their risk into the hazardous and/or 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 Godowne, and all Goods remain- ing andelivered after the 16th of August will be subject to rani.

All broken, chafed, and damaged Goods are to be left in the Godówas, where they will be examined on the 16th of August, at 9:30 a‚M.

· ́All claims must reach us before the zoth of August, 1910, or they will not be recognized,

No Fire Insurance will be effected. Bill of Lading will be countersigaad by the undersigued.

NORDDEUTSCHER LLOYD,

MELOHERS & Co., General Agents.

Hongkong, 9th August, 1010.

Events Coming.

Thursday, 12th August.

Auction sale of valusblo Leasehold Property, at Mr. G. P. Lammer's, 3 p.m.

Friday, 12 August.,

Auction sala of valuable Leasehold Properly, at Mr. G. F. Lamment's 3'p.m.

Saturday, 13th August.

Gymkhaos, Race Course, 1.30 p.m.

Monday, 15th August,

Crown Land Sulo, of P. W. D. 3 p.m. Statutory meeting, Toerengie Rubber Co," $ p.m.

Toerday, 16th August.

Hughes & Hough, Auction Sale of Sundry Goods, at Naval Yard, 10 a

Wednesday, 17th August, Hughes & Hough, Auction Sale of Sundry

Net Revenue from Tin $1,408; against Goods, at Naval Yard, 10 am, $1,615.

་་

LABU ESTATE -16,516 lbs ; total for seven months 105,934 lbs; against 8,168 lbs, and, 33,658 lbs,

CHANGKAT SALAK:-1,100 lbs; total five months 3,491 lbs.

LINGGI-74,000 Ibs; against 48,500 lbs; total for savan months 436,000 lba: against 281,000 lbs.

Sembawang:-535 Ibs: June 271 lbs. Agents Baba Mayer.

SINGAPORE PARA :—5,400 lbs. - SEREMBAN :—38,635 lbs; total for 'sovagy 'möniks 214,414 lbs;against 126,431 lbs.

KEMPSEY:-3,507 lbs; total for seven months 19,088 lbs; against 7,593 lbs.

JUGRA 1-11,758 lbs. CICELY1—16,000 lbs wat.

BUKIT TIMAM Rubber EstateS:-524 161; total three months 1,566 lbs. Agents Evati and Co.

}

CHANGKAT BERDANG:—3,658 Pbe; total six months 19,580 lbs. Agents Guthrie and Co...

BANTEEG—3,709. ibs; total thres months

5,364 lbs; galost 1,951 lbs. Agtats Guan and Co.

Bukit Lintang:-1,800 lbs.

· UNITED SUMATRA¡—1710 lbs; total-seven. monika 21,998 lbs.

Simla, July 18th. - A small Departmental Committee consisting of representatives of the Foreign Office, India Office, Colonial Office, and the Board of Trade | TELEGRAPH lines io Tokio and Yokohama ara

sitting at Whitehall to discuss the question interrupted. whether the British Government should join the International Opium Corfe ance which is Som time ago, we noted that the Limborg to meet at the, Begon this year. The Confer state in East Java hád bean acquired by a ence has been summoned at the instance of the company at Shaoghal. Advices have reached United States with the ostensibls 'objacı; of Sourabaya that speculatiba in Limburg rubbar drawing up uniform, rules to give effect to the 3 shares at Shanghai have resulted in enormous recommendations of the last Opium Commis; || lossan, after they had reached the figure of 1,600 |sion. The fläcretary. of Máte has also forwardad || par, cant. The Chinese gambled, ika mont 10 the Government of India copies to corran | Kaavily,- Unfavourable reports about the estate pondence which has been pasalog þetween the which had been put la circulation resulted in x- British and Chinese Government regarding the "drop to 400 per cent the losses amonotleg to onium altuation in Qautosalon

millions of table 1**Stralis

Thursday, 18th August, Legislativa Donacil meeting, 2.30.p.m.

Entimations.

KIDNEYS.

AUSTRALIAN SHEEP'S

KIDNEYS

at 60 cents per doz..

-THE-

DAIRY FARM CO.,

LIMITED

-The "ASAHI" Brewery is situated near the "SUITA SPRINGS," Thase Calubented waters are used la the manufacture our bears

Purity guaranteed. [Note Price List 15- "ASAHI" & "SAPPORO

Bear,

per ease, don giải $12.00

per case don piše. $13.50

To be obtained at all Rotalinen,'

THE BRITISH-FOREIGN IMPORT & TEXPORT COMPANY, Central Balld Ings, Liverpool, England, ́is; prepared to receive Consigaments of Local Produce on best terms.

HINA

1485

THE PROVIDENT LOAN AND MORTGAGE 00. LD.

(Catital Paid UP............$1,150,000)

Lians on Mortgage of House Property, &c. Goods received on Storage. Advances made on Merchandise. Loans made on the Provident Systemi.

(Rates and Particulars on application).

*--THE OFFICE OF TROSTEL, EXECUTOR OF WILLS, ATTORNEY, &c., Undertakan and Kxscuted..

`SHEWAN, TOMES & CO.,

General Managers, "- dongwong, rath March, reod.

ta

SAVE YOUR HEALTH

in drinking the cheapest and most

#t

agreeable Table Mineral Water

'COUZAN GATIER”

approved by the French Faculty

of Medicine.

Large Bottles

Dozen.......................... 335

60

SOLE AGENTS :

"FRENCH STORE”

· Hongwang, 18th July, 1010. j

"Worth having

having

THE

BEST SCOTCH

Perfection

WHISKY

FÖLE AGENTS H. PRICE & CO., LD,

- PROPRIETORS.

D&JMCCALLUM. EDINBURGH.

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