1911-03-13 — Page 5

THE

HONGKONG

TELEGRAPH

MONDAY

MARCH 13

To-day's Advertisements.

HONGKONG-AVIATION- WEEK.

CHARLES VAN DEN BORN,

..

Extra Aviation tmias will run every

1911

To-day's Advertlements

NOTICE.

HAMBURG-AMERIKA LINIE, HoRosa Orrick

DURING, the absence of the under

signol, Mr. I. SCHMIDT will

C. G. GOR.

Hongkong, 18th Mar., 1911. be in charge of this Offica

+

1911-12.

(941

SEALED TENDERS is duplicats

(contimiod from pago 1),

The shares at the, making up,

was going to be profitable, in they must fairly acknowledge that directors' answar to this was that ] price for the Juno settlonient were which there was any risk. That this unfortunate result nuust be at it was vory important that worth Tis, 53,000, and on their was a fact which they ought to tributed to circumstances which, satisfactory market for dealing in account with Michael, they had considor. He might niention that nobody could possibly have fore- alaros should be maintained; that to pay him Tla. 7,000. The re- at that directors' meeting it was scon at the timo. It was easy to the company hold shares nesecuri- |sult, thorofore, was that they had stated that there was some busi-criticiso in the light of after tios for loans which it was import to recoivo about Th. 46,000. On ness under the consideration of events, which he must admit he ant to be able to realize withrease; this Mr. Clayton and Mr. Wattie the Board at the prosent timo. had himself done, according to Biplaus Aviator, Flying at Sha that, the company's business lay, had each one-third interest, and He would now deal with the offer what Mr. Macleod lud said, "but chiolly in advancing against therefore the question was whe mule by Wattic and Co. and he he thought the time hand now artin-Kowloon, the 18th, 19th and 2011 sieuros and that without autisther they laid to recount to tho wanted them to understand that rived when they should cease to

March, from 3pm. every day, factory market such a business company for something like it was made by Mr. Wattio, Mr. blume, their Directors in view of Lady Lugari, His Excellency Vice His Excelley the Governor and could not profitably be done, and Tis. 15,000 each: Mr. Michael Clayton and Mr. Davidson and by what Mr. Macleod laad just ad Admiral Sir A. L. Winsloe, His Excel- that a gonoral collapse of thomas was one of the brokers who no one else. He thought that it vised. They should congratulate lesey Major-General U. A. Anderson kot was bound to be hurtful to the could not put his settlement was in the interests of those thiroo themselves upon the offor that had and Lady Anderson have kindly con- company. Mr. Hunter hold the through without help that gontlenion and the other directora just been made by the throb part-sented to be patrons of the acting.

nins vows, and had no hesitation was to say if the loan had not on the Board that they should nors in the firm of Messrs. J. A. in saying that he thought the boon made the shares would not understand this clearly. The Wattic and Co., that they wore in aviation day from 10 am. Only holdem directors had done a perfectly have been delivored to Wattie and offer was this: the prosent posi- the position they were that of aviation-tickets will be carried in will be rescireat the R.N reasonable and sound thing, and Co, and they would not liave made tion of this loan, thoy hindi heard day. Ho boggod to propose suck tmins.

Hospital until 10A.M. on thú 22nd that it was at his suggestion that the profit. He was satisfied that from the auditors' report, was therefore that they accept that

By permission of the Gorerament March, 1911, from persons desimus of the brokers approached the so- the profits they received from Mr. that there was Ths. 1,264,000 out offer in the spirit in which it had dission to the aviation ground by applying BEEF, MUTTON,

ticket only. pany. In this comicction it was Michol were sufficiently closely standing, and that the Company boon made, and he wassure that he

FOWLS, PORK, BREAD, import it to considor the sugges-connected with the ki ig of the holl shares of about three and would he voicing the opinions of Club-onclosure-1 day-ticket ...$5.00 AERATED WATERS, ICE,

PRICE OF ADMISSION:

CHEESE, PURE COW'S MILK, tion that the most profitable busi-Ican do runder, then responsible, a half laes nul certain, guaran- the shareholders present when he Club-unclosure-Ladies' season noss of the company con isted in account for those profits. As a leg and securities for the guaid he was sure that the main and disket-00-40-year ending 31st March, 1912

other provisions, not necesarios for the purchase of shares for cash, fumitor of het they wore offering rantees of two and a half hugs, chief rouson which prompted these Club-onluxur-Gents" season-

Sunled Traders in duydidato will niso and the male of thom for futuro a great deal more. With regard. The position roughly was this: gentlemen to make that fiberal ficket......$10.00he recuived for COAL (Akaike and dolivary, and vice versa, as being to the other accounts in which the the amount of the loan due was offer to the shareholders was con- 1st Class enclose day size 8.00 Lubani). Printed Forms of Tenier the safest method of earning in directors were interested ho would twelve and a half lacs and the sideration for the future wolfare 2nd Classonelpare-1 tiny ticket$ 2.00 and further patio flars can be obtaine torest at good ratos.

read the rest of his report, which | Company hold shares to the pro- of the Cathay Trust. He had to ri Chusovelusare-1 day ticket$. 1.00 at the B.N. Hospital. was as follows ;---` -

į sent market väluvof six lnes, that propose that they accord them a

Hur Class. -1 day tickets - 50 The right to reject the lowest or any Thoother accounts have found was to say there was a balance to hoarty vote of thanks for making only hur 9 to IT an

Admission th the Garage in the Tender is roservul. were with brokers other than make up of six and a half lacs. it (applate. Ho also thought (olders of seron tickets free) admis-

E. BARRINGTON, those who required help, and the Against that tho were guaran- that in viow of what had trans-m 60 cents. For schools or corpor

Drity Inspector General, oily important ones wore with secs of the brokers or some part of pired he should propose a vote of tions special arangements can be made.

Hongkong, 18th Mar., 1911. 5945 Mr. Pirits and Messrs. Benjamin those guarantees, still to be ful-confidence in their Directors (ap-

To be able to provide the necessary

Royal.

He found in support of this view the fact that many others we doing this business, also that even after the failure of the as tive banks thoro was a general le Ndiof that smeh buxingas would stili

heprofitable; and finally that

his attention.

but it was his business to

|

it

|

I

".

Messrs. Montre and Co. Ab Task, Sincere and C., Wing On Co., King Edward Hotel, Empire Cinemin, Con-

ght Acmaud Water Factory, the

leon Ferry and Railway Station.

Theatre

CITY HALL,

Return Visit

of

1st day-Saturday, 18 March, 1911. For Three Nights only

2pu. First Aemplate-flight in the aviator in front of 111 Majesty's Hongkong tentory, Dipping-saluto presentativo, E. the Governor of Hongkong, Band--National Anthem.

of

clearly enlightening them in re gard to the details of this loan concerning which there had been so much discussion notonlyamong the shareholders themselves but among others who did not have the true interests of the share- holders at heart. He would end thero, and when the resolutions he had proposed had been second- ed, he trusind he would find that

2.30 pan. Prizu given by the Mann- their views entirely coincided gene of the Far East Aviation Co., for with his, and that thoy exhibition of diving from a height to, would show that such was the the ground, giring the impression of a cue by voting unanimously for dangos fall them, namely, that the offer made 3pm. Prize given by the Compra- ! by the General Managers hours for the hot fight with a Chineso

passenger in Hongkong. accepted, and they be accorded a hearty vote of thanks for making it, and that a vote of confidence in the Directors he passed. (Applause)..

"

THE FOLLIES TO-MORROW, WEDNESDAY and THURSDAY,

March 14th, 15th and 16th.

the air to an Army officer of Hongkong

3.30 pm. Flet aviation lesson in Return,of HENRY DALLAS and his' Garrisun.

FOLLIES

4 par. ÍEight with Passenger. A rido in the aeroplane costs $75 Applion- is rust he addressed to the mafiager, pumpinied by cash or create.

con ing to atmospheric conditions, If, tying prevented, notice will be postol at the ticket-selling-boxes, and a blus

The programme is subject to chiango-

on account, of bad weather or nozident,

on route Manila'to Shanghai,

Plangit MOÛTRIES:

Business Mariger

HARRY A, DOOLEY. [

g will y on the flagstall of Messrs. Hongkong, lith Mar., 1911.,

where red fg will

already bought for that day will be avail ablu for the next aviation day.

Aoening to the aviator's contract

and Potts. He took itapon him filled, Messrs Wattio, Clayton plause). He took this opportuni-eating accomodation for the public, did not occur to athors engaged self to disclose the whole of this, and Davidson now offered to putty of thanking them for having intending visitors qra kindly requested on similar business to that of the and he did not think Messrs up to the Company shares of the convened this meeting and so, tu sok their tickets in advance with company that phireh eos of stares Bonjumin and Potts would have prosent market value of that at low prices was a more profitable" the slightest objection, because balanco, roughly Tls. 650,000, to business than that above de eril-, was to their credit). The com- be held by the Company as secur- ol. Much of this was within his pany's anditors have been into ity for the balanes of this loan gwą pasmal kanwledge. Before the position at that time of Messrs, apni ont of those other securities boginning his investigations Benjamin and Potts, and find it including the brokers garnales, saw the Crown Advocate, wom snel that neither they nar I can (Loud applause). He thought it he understood hul sane informa say that any payment made by right that it should be said; and it tion which might be of assistance, Messrs. Benjinin and Potts to must be quite clear to them that Ho told him wirt he was about to

client at the settlement was the offor was mado before there do and asked him, if he could, to

intural and probable con-was any roal suggestion that indicato any particular posto sequence of the lot having been anyone was liable to do any which he should spatially devoto mride. If any payment were thing of the kind, Mr. Wattie He made several such a consequence it is also quite had explains his rousons for suggestions. When the sparkerimposable to say which or to what making this offer. In the first And completed his enquirios extent. Mr. Pirie was admittedly placo it provided a practical again saw him, and asked him if ho could toll in the sonres of his ager position than Messis, means of settling the whole of

B njamin mud-Potts. After con- this question bolween them information on two matters ofsidering all the information pauy and the brokers and others, great importance, which inform have been able to collect and was also anxious as far as ation he led previously mentienoil,!·

emparing the result with the, he could, to protect the company, to him. He said he could notgive facts reported in the cases tecided and to place it in a proper position | him the names of his infoals on the point, I consider that tho for several reasons. Mr. Wattie's Mr. W. S. Jackson said that he and stated that in the case of the principle can be applied be interest in the company was hadagry great pleasure in second two matters his informt on was ause I think the " Profits here considerable. Held also intering Mr. Waduan's rosolutions, possibly wrong and that here to remotely conecte with osted in the company a great He did not think it necessary to thought on the whole, after the thoda; there are a number of many of his friends and others and say anything more on the subject speaker had stated his rosaisontingencies on which the con- besides this there were other con after the lucid explanation they for asking him, that he might neetion between the loan and the terns which hold shares in the had had from the Chairman and disregard what ho had payment of tlase "profits" de company whose management and from their legal advisor. All he said (Applain was not his inusiness to criticiso what/pends; the cases extend the interests were in the hands of would say was that when the 'ro y wlien flying is curtain. Tickets 1 principle further than any others Wattie and Co., tad as Mr. Wattio solutions were put to the mesting the Crowa Advocate had done, can find, but none of the casos is put it he did not want this can they should not only carry them explain to them that he had made an anthority for applying it here-pany to lose in any way, a perfest unanimously but with acclama

if indood it could to applied. ly understandable feeling, as he tion. (Applause), overy reasonable effort to find put on the facts and on the law was anxious that no one could say. anything against the directors. I am of opinion that there is no that he had in any way made a He underston 1 that there was cer-claim beyond that in respect of moss of it. Thop was just one tain information against thom,an: Mr. Michael's account.

thing more. The effect of the he had done ovarything to collect

The Chairman then announced Continuing, Mr. Macleod said proposal would be that the com- that information. He rud got his information direct from the people there were one or two facts pany would receive shares of tho that the offer made by Mr. Wattie host able to give it, and he was would like to mention in addi presont market value, to the and his partners, which was a glad to say that it entirely dis-tion to what he had already said. amount outstanding of this loan, very generous one they would. agroal with the information hele did not on the whole agree The company would also have agreo, would be accepted by the understood Mr. Wilkinson hud, with lawyers coming to a inceting whatever was paid under the Directors on their behalf. (Applause.) The speaker ind and attempting to persunde slure guarantees of the brokers. In was mado, as they had heard laid the result of his investigations holders to tiken particular corso, connection with this he thought from Mr. Macleod, without any ou all these points before the au- was to lin‘arinded if possible, it right and fair to tell them liability on the part of Messrs. ditors, i also befro Air. Wad- but there woro-facts known to him that the preceding afternoon Wattie and Co., and simply man, a large shareholder in the which were pertinent of importuit there had been a meating be because they had company. Mr. Wadman had pres for the shareholders to considers tween the directors and bro-terests of the company at heart. Que fact was this, that tho reporters. The latter wore told, he He did not think there was any viously expré-sød himself very strangly on the unsoundtes of they had just now board had been thought fully told, to a certain thing more he noe say excopi the loan having been made, almado in their behrali nid did not point everything that had been perhaps that the amount of cre though honda ad at the sime of course include in any way ail fold them at this meeting. It dence that had been given of late ting that he might, had he been at night be said from the direc was en put to them, they were to rumour, without apparently ong of tho slirectors, have one tor's point of view. They would told what was going to be done, treable being taken to establish what they did. It was sufficient quito understand that, and he and they agreed to certain lines, the facts, even by those holding for the present paspuse to say that thought that he had the right to details of which he need not go responsible positions, was, he SATURDAY'S REsults. both the auditors and Mr. Wad-Say it heemse although he was into, because they were matters thought, a matter of surprise, and man agres with him that the not in any way acting for them, of practice and business. They he would ask them all to do their interests of is directars, their and without going intoany details met the directors as far as they best to discourage and get rid which was apparently abroad in Shanghai just now. It was not only injurious to the business of this company but it was injurious to the business generally of the place, and it rendered the position of Directors in companies not only a very unpleasant one, but, ho night almost say an untenable one (Loud Applause).

1101-

ho cannot be forced in undertake a light if weather coalitions are The Chairman then put the rearable. His contract is fulfilled, solutions which were carried when under unfavourable wastber condi amid loud applause.

the

It

in-

tions he makes only two minuto,' fight a day. THE FAR EAST AVIATION Co.

K. OFFER, Maungor, Office: 38, Queen's Road Central. Hongkong, 1th Man, 1911. [91

TSANG

KWONG

COMPANY.

ELECTRICAL AND GAS CONTRACTORS.

230, Des Vieux Road Central.

Telephone No. 000, Hongkong. Bud Jan., 1911.

FOOTBALL. K.O,Y.LI, scored 5 goals, and

viowa on the position, at the he thought it only fair to say that would and agreed to comme lesong of the distrust and suspicion e Minotaur one. This will place!

there was a great den more than satisfactory arrangement for both genoral circumstanço's surround. ing them, dil not afford any he had told thom which was insides, Thore wis a general ex- ground for a claim that the diroc Cheir favour. In saying that ho pression of opinion that there tore or any of them did not truly was speaking of all the directors, should be an understanding be- Now with regard especially to tween both sides that they would and rensnably believe that they wore acting in the bust in Wattie and C., they offered to be able to work out some method ests of the Company. Laut this Company, before this lon or course which should clear up Thuit was applause) There was another was made, all the shares in the all those questions. question he had to deal with, igbo Company, and there was all he had to say, but he hoped it and that was as to whether the no doubt whatever that Wattie would be of sonic sorvico to thom.

and Co, could if they had liked (Lond applause), company could claim from any director an account of profits to have kept a good numbor of those Mr. H. P. Wadman said that him arising out of the loan being shares for themselves. They did they had all listened with great ade. He had come to the con-not, and the Company had made interest to what had been said by clusion that thero was only one a profit of Tls. 500,000 and 34,000 the, Chairman and their legal ad- elain and it was not

Zingbo shares (Applause). 11e visor. Being an original "Blure- serious matter considering what thought that he ought to say holder in the Cathay Trust, and Mr. Wattic, Mr. Clayton and Mr. that in the interests of Wattio his name having been mon- Davidson were going to offer to and Co. Then they came to tioned on one or two occasions do for the company.

If any

the other transaction, the lonn by Mr. Maclood, he felt that

should over ho

HOW acknow- director did mike'a profit when to the Stock Exchange,

Tho ledge that he was perfectly eting for the company ho must which there was n loss. account for it, however fair or directors, at their lust meet satisfied with the reasons, which proper his action nrty have been.ing, said that they would like to the Chairman had given them,

vory

the 'K.OY.II, in the final.

The Royal Engineers vs. Naval Yard game ended in a draw.

LEAGUE CRICKET. The Craigeugower Cricket Club- beat the K.O.Y.L.I. by one run.

The Hongkong. Cricket Club

UNIQUE IN

QUALITY AND PRICE

OF ALL

MOK-CLADO

TOPACCONISTS

The

Intimations

TRY OUR

CORNED PORK

ind

CORNED BEEF

Pickled by our Europosn Batcher on tho pre- mises.

The Dairy Farm Co., Limited.

POPULAR

“ASAHI” BEER

FRICKS

4 Dox Qualu..................$13.00 pÖF CASO

d Dez. Pints519.50

Honeberg, Bb December, rata. Es

HONGKONG GENERAL → CHAMBER OF COMMERCE.

NOTICE.

HE ANNUAL GENERAL

MEETING of the Mem)ors of.. the Hongkong. Genoral Chamber -al Comores will be held on MONDAY, this 20th March, “19k15-og-4 o'clock pn., precisely, in the old Chamber of Contorros Room, CITY HALL, for the following Parposo;

(1) To receive the Report and Ao- counts of the Committo for the year ended 31st December, 19 10.

(2) Nq deel a now-Committon.' (a)-To traumet any general business.

By Ordoy

E AM WILLIAMS,

Secretary: 1960longkong, 11th Mara, 1911.

Bouton Rouge

and Felucca

Egyptian Cigarettes

These two brands mode by Mesars. MASPERO FRERES in Cavo are

revelation in Egyptian Cigarelles,.

A Luxury

to the fan of Taste,

Sole Agents: British-Amerlin Tobacco Co, Ļidųy Haoh Kong.

9.8.HALL & CO

THE BOAR'S HEAD' BRAND",

ALE & STOUT.

"Boar's Head "

"A" vs. K.C.C. game resulted in Brand of Guinness' Stout is the best and the most

Cricket Club "A." hi easy win for the Hongkong

The Chairman then asked if any other sliareholder wished to

The "China Critio". under- address the meeting on the busi- ness they had been called upon to stands that many immediate consider.

changes are to take place in this No one spoke, and the meeting IMO. Commissioner Hillier is to closed with a vote of thanks to the bo transferred to another poat, Chairman for presiding.

but his successor is not yet made known; Mr. Wright, the barbour- master, goes to Chefoo, and an old

popular on the Market. Used by Naval, Military

friend Laps. Strangman goes back and Civil Hospitals.

A lecture will be given to tho to Tientsin. Many other junior United Service Institution of changes are notified. Hongkong at 5.30 p.m. at the

In the tin cases recently decid-

Mossrs.. Wattie and Co. is an know whether they were going that had influenced the Directors Volunteer Drill; Hall, on Friday, in Penang by tlie Appeal Court i

account with Mr. Michael, one of to bo accused ovory, time there in making the loan, and also that

17th March, by Capt. J. de L. the brokers who required assist was a loan of all sorts of heinous at the time it was made it was nnoo, the net result of which was offences, because if they were they done by them, ashad been stated, Simonds, R.A., A.D.C. Subject: that he had to deliver them shares did not see how they could enter in the bost interests of the share-Recent Improvements in the and they had to pay a smallsumi, upon any transaction even if it holders (applauso). He thought Chinese Army,"

in favour of the Chinese firms, the defondants, Messrs. Behr and C5. hava decided to further appeal to "the Privy Council,".

Sole Agents :

H. PRICE & CO., LTD.,

'12, Queen's Road Contral, Hongkong,

Hongkong, Dth March, 1014, -

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