1911-07-15 — Page 16

COMPANY REPORT.

The Chinese, Engineering and Mining Company, Limited,

THE HONGKONG TELEGRAPH SATURDAY JULY 15 1911

tures as may be required, the amount to be issued in the first instance being £50,000.

CHINA'S TEA TRADE.

fr

of

THE LOSS OF THE

ASIAN

San Francisco to be Scene of

Court of Enquiry.

COMMERCIAL.

WEEKLY SHARE REPORT,

The following from "The Wo shall be nearing the oud of Times Poking correspondent the half-year by the time this issue appeared on June 21:--In au lu- can be made and the proceeds re-

Mesars. S. Kadoorie & Co.'s An extraordinary general meet-ceived. The price of the issuo lins structive paper published in The

Tho' San Francisco "Call" of Weekly Share Report dated Hong- ing of the company was held at therefore beon fixed at 14 per Times" of May 5, on the subject be an official investigation into kong, July 14, says that business

the 4th ult: says there is going to Winchester House, Old Broad cent., the interest to run as from the future of China's ton trade, a the loss of the Pacific Mail liner during the period under review Street, London, EC., on Wednes the 1st July next. Wo have decid day, the 17th May, 1911, Mr. Wed to give the opportunity of sub-orrespondent, citing as his autho- Asia, whose battered remains now has been fairly active. Rubber Turner, prosiding. The assistant scribing to those shareholders whority the Calcutta “Englishman" form a permanent feature of the stocks have experienced a rise spcretary having read the notice may be registered on the com- makes the curious statement that foreground of Finger Rock, a following on the advance of the convening the meeting,

The Chairman said: The no-issue, and as we have received a templates preventing the importa- accompanied the wreck of the This quotation has since weakened. pany's books at the time of the the Chinese Government con- China const. That no loss of life price of the raw material to 1.10.

menace to navigation on the South: tion of meeting which you number of lottors from share-tion of any tos from other coun- liner is said to be due to the good to 4.7 1-2 and in consequence the have just heard road states the holders who hold bearer carti- object of the meeting, whiclificatos, asking to be allowed to tries." Obviously, if the state seamanship and steady nervo of rubber share market has had a is to pass a resolution inorous subscribo some part of the issue, mont were truo, there would be Captain Harry Gaukroger, com corresponding reaction. ing the borrowing powers of we shall announce the issue to the good cause for protest, seeing that mander of the ship. the directors up to an amount holders of bearer certificates by India and Ceylon to the valuo "Call," will be held next riin at the increased rate of $895, China now imports ten from Bri- The investigation, says the hai Banks have been largely dealt Banka Hongkong and Shang- uqual to three-fourths of the issued

means of advertisements in the in round numbers of £400,000Į day at the British Consulate. The capital of the company. Tho

newspapers, in order that thoy reasons for proposing this resoln- also may have an opportunity of per annum. But there is no need Asia is a Britial ship, and the long with probable sellers at tion: are set out so clearly and applying.

for anxiety.

British authorities will have to $900. The London quotation is RO fully in tho direc- As stated in the eircular of 31st The declaration of policy far-pass upon the ovidenco submitted unaltered at £87 10 National tom circular to the shareholders March last, thosubscription of this nished by your correspondent at the inquiry: British Consul-Banks (in liquidation) are quoted of the 31st March Just that it first issue of 250,000 line bead was, it appeurs, "explicitly made General William R. Hearn will $80. is scarcely necessary for me to en- guaranteed without charge by by a Chinese newspaper in lian-preside it the inquiry. On Marine Insurances-Unions large upon them. The present bor-financial group which includes tow and passed on by fussian board with him will be Captain have firmed to $815 with sales at rowing powers of the directora several members of the board. firms interested in the import of Mackenzie of the British steamer the rate and Cantons have con- are limited to £500,000, being There is, therefore, no question as Indian tea to their representatives Strathberg, and Captain Howe of tinued their advance to $205 for one-half of the issued share capital to the result of this financial in Calcutta, who gave the news to the British steamer llornby Castle, cash and reported forward sales of the company. As you are all operation.

the local papers." It further In this investigation the un- for September at $209 1-2. North swore, an issue of that amount inWe stated in the circular of the appears that "the Russian houses erwriters are taking a keon Chinas, after changing hands at

a

BACON & HAM.

DO YOU WANT THE BEST FOR YOUR TA BLE

SEND US YOUR ORDERS

WE STOCK ABSOLUTELY 1st QUAL

AUSTRALIAN MILD CURED

BACON & HAMS.

PRICES MODERATE.

THE DAIRY FARM CO., LIMITED;

To-day'sTM Advertisements

FROM EUROPE.

**SILESIA,”

Hongkong & Kowloon Wharf &

POPULAR "ASAHI" BEER

Optional Cargo will be carried on pints. unless notice to the contrary be given to-day.

THE

FOR SHANGWA).

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

"DEL"

i« aspected to leave for SANGHAL THURSDAY, the 20th July, at 10A.M.

For Freight or Passage, apply to

E. A. HEWETT,

Superintendent.

6 per cent, debontures was made 1st March that the results of the protested through thoir Ambas interest, as there are said to Tls. 109, are in demand at Ts. TEHA.L. Steamshij immediately on the formation of company's business for the year sador (sic), and that the Am-have been circumstances attend-170. the company, the monoy being ro-anded 28th February last showed bassador opposed the threatening the manning of the Asia which tasurances-longkong Captain, Reuss, having arrived. Can- quirod partly for capital oxpendi-a reduction compared with pre./ed interference with importa."y invalidate at least the hull Fires have enquiries at $335ignoos of Cargo aro, koreby Informed ture and partly for payment of vious years. In view of the state- deduces that China is not in should have been held at Hong. China Fires have firmed to 120, placed at their risk in the hazardous liabilities of the undertaking when monts, made in the directors' ro-

The investigation without inducing sollers and that their goods are being lauded and From this your correspondent insurance. Required by our company. Our port of the 13th October last and position to insist upon adopting kong, and would have been but at which shares have changed and/or extm-hazardons Godome of the Just balance sheet at the 28th Feb., at the general meeting hold on the any policy, commercial or other for the action of H. P. Schwerin hands. 1010, shows that out of this origi- 28th October last, this reduction iso, directly opposed to the in-in ordering Captain Gaukroger Shipping Hongkong, Cauton Gadown Company, Limited, hunco nalissuo of £500,000 of debentures in profit will not have occasioned terests of Russia" Ile suggests and the other officers of the Asia and Macao Steamboats have sellers delivery may be obtained against Bills- £118,540 had been cancelled, any surprise; the two causes, similar action on the part of the home in a hurry.

at $31. Iados have not mate-of-Lading countersigned by the Under- Note our Price $12.00 per ask 001- either by redemption at the rate amely, the unfavourable condi- British Government, and he asks

Captain Gaukrogor has stead-rially altered from last week, being signed, of 10,000 por annum in accord- tion of trade in China and the com- what steps in the same direction fastly refused to discuss the loss nominally $64. China and

taining 4 dozon quarte, or 6 dozen ance with the terms of the issue petition of the Lunchow Mines, have been taken by the Planters of the Asia, but some sensational Manilas have buyers at $10 3.4

Hongkong. 7th April, 1911, *F54 or by purchase of dotientures on having been dealt witli on that Associations in London on beluil details have been learned from and Old Star Ferries at $20 and the market, and that £48,540 of occasion. The net profit for the of British producers,"

other authentic sourcos which the New at $15 continuo in re- All claims must be prosented within debentures parciused and can year, however, as advised from

Presumably they have taken seem to indicate that the respon-quest at quotations with none ten days of the steamer'a arrival horo, colled had been re-issued, leaving China, after putting aside some none-they are too woll informed sibility for the loss of the ship offering. Shells would appear to after which date they cannot be re- a net amount outstanding of £35,000 for depreciation, and subThe whole story is a mare's nest. will be laid at the door of R. P. bo woak in London. The mats, cognized. *#30,000.

ject to the audit of the accounts, Chins does not enjoy fiscal Schwerin.

however, is unchanged at 83/-. No clairua will be admitted after the This has been further reiluved was equal to 10 por cont, on the autonomy. She cannot increase The investigation is at the re- Itofineries. The market in Goods have laft the Godowns, and all by the sum of £10,000 drawn for capital of the company, and the hor import tariff without the quest of Captain Gaukroger, who China Sugars has boon rather Goods remaining undelivered after the redemption on the 1st January directors declared an interim consent of all the lowers. She has taken the loss of the ship excited. Sales have taken place at inst., will be subject to rent. last, the present amount outstand-dividend of 5 por cent, which best refuse admission to any did the cold dismissal from the in evidence, Luzons are wanted more soriously to heart than he at $91, and no further sellers are ing boing therefore £420,000. camo payable on the 1st instant. articles not specifiod as contra-

The capital expenditure since We cannot at presont say that band in the her treaties, No service with which R. P. Schwo- at $22,1-2. Sellers are, however, the formation of the company, the state of traile in China shows responsible Chinese lins over sug

riu grooted him on his return. holding back for higher rates. shown in the balance sheet at the any improvement. As regards goated the prohibition of the Tho Asia went, ashore about Mining-Raubs at $2. and 28th February, 1910, amounted the competition of the Lanchow importation of foreign tos, al-5.20 am. April 23. The weather Chinese Engineering and Minings to £50,765, which is nearly Company, we stated at the general though such a suggestion may was clear until 10 minutes from at Tls. 13 are dull. The latest £240,000 in excess of the amount nesting in October last that it have emanated from an irrespon- the time tho liner struck, advices from Shanghai quote of debentures now outstanding might be our duty to tako drastic sible native journalist, ignorant A thick fog shut down, and Third Langkats at Tls. 06 with no trans- This excess has, of course, bean measures to deal with it, however of the very existence of treaties. Officer Williams, who was on the actions to report. Tronoh Mines provided by the suns which have seriously these measures might terference on the part of the as he had been ordered to in case bably due to the settlement pro- There is really no need for any in- bridge, called Captain Gaukroger, have quietened somewhat, pro- been set aside from profits to re-affoot thie-profits of the company British Government such as that of fog. The ship struck a few ceeding in London. sorve year by year, and which for the time being. We found it amounted at the date of the last accessary towards the end of last suggested by your correspondent. minutes after Gaukrogor reached

Docks, Wharves and Godowns, balance sheet to £215,000. year to meet the compotition of the

the repeated advice the bridge. Williams had not-Hongkong and Kowloon seen Finger Rock before the wea- Wharves are quite at $50. Trans- The time has come when it is Lanchow Company by reducing of Sir Robert Hart some years

ther thickened. necessary to replace a portion of our prices for certain classesofccal ago a reduction was made of

This rook is actions in Hongkong & Whampoa this excosscapital expenditure and at many points where they come the export duty on ten. China visible for more than 15 milos, Docks are reported at $563-4, to make provision for furthercapi- into contact with us. The result is, of course, at liberty of reduce and half-an-hour before the Asia the market closing firm with no tal expenditure which may arise has been, of course, o roduction duty if she wishes, but no further struck some of the passengers sellers. In Shanghai, Hongkew reduction of duty on tea is con-were watching from the portholes Wharves at Tle. 84 and Dooks at to the Lanchow Company have, we believe, been far more serious, course as part of a general scheme bridge never saw. Testimony to

of the company's business."

On

Lands, Hotele and Buildings.

goods must be left in the Godowns, Hongkong, 15th July, 1011.

All broken, chafed, and damaged where they will bo, examined on the 20th inst., at 9.30, a.m.

No Fire Insurance will be effected by us in any case whatovor.

This steamer brings on cargo :- Ex 4.8. "Portugal": from Beteba). from Oporto. "Erna" from Skien. HAMBURG-AMERIKA LINIE, HONGKONG Orrids. Hongkong, 16th July, 1011. (968

H

H

"

TO-NIGHT! TO-NIGHT!

THE

NOTICE TO CONSIGNEES" THE P. & O. 8. N. Co.'s Steamship

"NORE," FROM ANTWERP, LONDON, MALTA, PORT SÁID, SUEZ and STRAITS, Consignor of Cargo by the ab370- named vessel are hereby informed that their Goods are being landed and placed at their risk in the Hongkong and Kowloon Wharf and Godown Co.'s Godowns at Kowloon, where each Con- algnment will be sorted out Mark by

the.Goods are landed.

Hippodrome Circus Mark and delivery can be obtained as

and Menagerie.

Optional Goods will be landed bern unless instructions are given to the contrary within 6 hours.

Goods not cleared by the 20th insk,

in connection with the extension | in our profits, but the consequences templated, except possibly, of the rock that the officer on the Tls. 57 1-2 are quiet. and general maunger, Major and must becomestill more serious for the abolition of likin and ox./this effect will be introduced at Hongkong Lands have been dealt SECOND GRAND CHANGE OF by me in any case whatorer.

For some time past our agent

Nathan, has boon studying the question of the manufacture and

sals of coke, and the fartser ques tion of the manufacture and sale of sulphate of ammonia, for both

of which products there is a large market in the Far East.

Government,

the inquiry.

in at $05, West Points nro

Location :-CAUSEWAY BAY. Under a Specially Constructed MAT SHED.

PROGRAMME. GRAND SUCCESS OF

Direct from South America. FLYING AERIALISTS,

MATINEE: To-day, at 4.30 p.m. TIME ABD, PRIDES AS USUAL.

under 14 years Half Price Booking Office for Sants:

ROBINSON PIANO CO.1

at 4 p.m., will be subject to rent.

No Fire Insurance will be effected

Damaged packages must be left in the Godowas for examination by the

veyor, Messrs. Goddard and Douglas, at 10a.m. on Mondays and Thursdays. All Claims must be presented within ten days of the steamer'e arrival loro, after which date they cannot be re- cruised. No Clans will be admitted after the Gun Is have left the Godowns.

EA, HEWETT, Hongkong. t*th July, 1011,

Superintendent.

to them as time goes on,

port duties in return for a large Wo are asked by shareholders increase of import duties. Such The look-out on the Asin that quieter at $47. These Compu from time to time what is the increase can only be effected by a morning was a Chinese. There nies have just declared interim FAMOUS LARA FAMILY Consignees, and the Company's sur state of negotiations between revision of the present tariff, which were two quartermasters on duty, dividends of $31-2 and $2 re- the company and the Chinese is the lowest tariff in force in any One was at the wheel. The other spectively, for the half-year ended The proposals non-Free Traite country in the was cleaning brass. Passengers 30th June last, payable on 20th made on behalf of the Viceroy of world. Ravision is contemplated, Finger Rock. Williams instant. Kowloon Lands at $25 Major Nathan has made certain Chilli, which were referred to in but a revised tariff cannot take didn't, and if Captain Gankroger romain in request and Hongkong reports to the directore on these the last directors' report, have led effect until it has been approved had not acted promptly when he Hotel Old shores at $120 and eubjects, and we have recently had to no result. The Chinese Im- by all the Powers, and negotiations got on the bridge and driven the New at $75 are without feature. Children an opportunity of discussing them perial Government shewed no to that ond have not even begun. ship full speed ahead on to the Cotton Mills, Hongkong Cot- personally. There would appear favour to the viceroy's proposals, It is, however, certain that they ledge, where it now bangs, the tons have been the medium of a 1286] to be little doubt from the purely which have accordingly beon cannot be much longer delayed, Asia, with its bottom ripped out, small business at $51-2 with commercial point of view of the dropped, and another official has when no doubt the interests of would have been at the bottom be further buyers. desirability of the company add been charged by the Chinese cur Indian tea morchants will before any of the passengers could Miscellaneous.--Green Island ing these two branches to its busi- Government to take the matter inadequately safeguarded.

have left their stateroomne. Cements are wanted at $3 1-2. ness, for dealing with, which we hand, but at tlio present time no

The "Call" publishes certain Chius Providents are offering at of the Third Officer, etc., which 6 1-2, Hongkong Roposat $18 1-2, statements as to the incompetency $7 1-4. Humphroys Estates at prior to the inquiry it seems in-Dairy Furus at $911-2, Electrics duction, and in access to the sea over a number of years and which trade between a parent country

The value of proference in the judicious to publish.

at $21 1-2 and Ices at $180 are at the Port of Ching Wang Tao. have been without result, whilst

Consul-General Heurn sold the all in request. China Borneos The subject is however a very maintaining, as they always have and a, dependency is shown in a private, and that the findings William Powells have advanced to investigation would be held in have changed lands at $0 8-1, tochnical one, and before the done, a perfectly friendly attitude Consular report, just issued, on would be forwarded to the Board $3 1-2, buyers prevailing, directora commit the company to towards the Chinese authorities, the trade und commerce of the of Trade in Eugland. any serious expenditure further and being always prepared to Philippine Islands. Last year,

Exchange. The Bank's draw investigation on the technical side consider any proposals which may for the first time, the United Consul General to hold the inquiry on demand and the T, T, Rato on Tho decision of the Britishing rate on London is 1.9 11-16 will have to bo mudo in Europe. be consistent with the interest of States treated the islands fiscally in private seems inexplicable. Shanghai is 74 3-4. To this part of the subject Major the shareholders, they must apply as one of the States of the Union, The loss of any vessel is a matter Nathan is now devoting himself. themselves to the prosecution of so that American gooria entered that affects the travelling public, We are not you prepared to make the company's business in all Philippine territory free of duty who ought to be placed in full COMMERCE AT GIBRAL- any representations as to the pos directions, irrespective of other and vice versa. The result was xssession of the details of such sible or probable effect of the considerations, and it is in pur-that in imports the United King-on accident. development of these two branchesuance of this policy that we sub doma ceased to lead the way in

lave exceptional advantages in the negotiations are on foot. The VALUE OF PREFERENCE. possession of enormous quantities directors feel that, after negotia.

of coal, in our very low cost of pro- tions of various kinds extending

of business. We content ourselves mit the résolution which is before the year under review, sending for the prosent with the statement] you to-day. that this subject is one of consider

Home £200,000 worth less than the I bog. to move "That the United States; in exports theforra able magnitude, that it is worthy | directors be and

are hereby or country had dropped to scend

TAR DEAD.

The "Times" says: "Tho naval

Lord Rosebery tells a story of authorities are trying to kill Gi friend of his travelling in the braltar as a commercial centre. It United States at the time of a is required as a fortress and is the Presidential election. Political naval key to the Mediterranean,

of the most serious consideration, authorised to borrow or raise such place, the United States biking fooling run high, and in a town therefore trade and commerce and that it is our duty to phen further sums of money as they £3,000,000 worth asagainst rather visited by the traveller riots oo must be steadily discouraged. ourselves in a position which will may think fit, but so that the more than £1,000,000 worth sent curred one night, in which blud Business on "the Rook" is practi- onable us to deal with it whonever amount borrowed or raised by the to the United Kingdom. The geons and knives were freely used. colly dead: Thirty years ago Gi we may decide to do so.. company and then outstanding obvious inoral for us is, that if we The following morning he was braltar was an active and progres We propose, in order to provide shall not exceed three-fourths of would return and extend our being shaved by a negra barber, sive commercial contro to day it is for the commuy's requirements, the issued capital of the com- Colonial trade we must uake and remarked on the extreme a ghost of its former self; thirty to create £250,000 of 0 per cent. piny.

reciprocal arrangements with our bluntucas of the razor. second mortgage debentures, and Mr. Edmund Davis seconded oversea dominions, and give them sar," was the reply. "It is vuny with the British army and navy "Yes, years hence only those connected to issue from time to time so much the motion, which was carried the same preference inour market blunt, sar, I was out last night, will be seen in its one good street of these second mortgage debon- unanimously,

W which they give to us in theirs. sar, wid de boys,”

and numerous narrow lagos,

»

The

Perfect

Whisky.

$6.15PTALLIN

PRODUCE OF SOUTLAN

Perfection

REBLR.CO BAR YAN SCHAAR & LONDON SCOTCH WHISKY,

SOLE AGENTS

See

The Name,

"D. & J.

McCallum

H. PRICE & CO. LTD.,

12, Queen's Road Central,

HONGKONG,

11 July, 10

f