1912-02-16 — Page 4

SIR ROBERT

THE HONGKONG TELEGRAPH FRIDAY FEBRUARY 16 T912

BURNETT & COS

OELEBRATED

OLD TOM GIN

DRY GIN

IMPORTED AND BOTTLED BY

À. S. WATSON & CO., LTD.,

WINE & SPIRIT MERCHANTS,

ALEXANDRA BUILDINGS.

ESTABLISHED 76 ̧ YEAR3,'

Hongkong, 6th January, 1912.

NOTICE TO SUBSCRIBERS.

DAY BY DAY.

who have merits of their owiu*

|

*

reasonable tendors."

farm out their

COMPANY MEETING. Soveral years past the lack of and interest received boing do- of dividend, which is not reflecter demand for accommodation has ducted from interest paid. There in the market price, as of the Few envy the merits of oth://umphrey's Estate and Finance afforded no inducement to land-would be a difference between 830,013 sq. ft. of building land owners to take any chances. Re-gross and net revenue of some this company owns (excluding tho cently, however, there has been a $40,000; consequently, if there six and a half aero Furm Lot at The annual genital meating, of the shareholder the above this fact coupled witli a plentiful any significance in Mr. Bowlby's are built upon, leaving 384,001 grent change for the better and over was, there can no longer be, Mongkokteni) only 145,322 sq ft. company was held the morning To-day's Paper. at the Hongkong Hotel: Mr. If supply of cheap money has en- 14 per cent. ontimato which hos sq. ft. of the book value of On. page 3 will be found Humphreys presided and there bouraged us to sign to large been based on cutirely erroneous $003,048.03 unbuilt upon but Woman's World and the Shops were presont Mr. J. Scott Harston already under way, and to con-

building contrasts which are data.

rendy for development as soon as por's Guide Xaverian's notes. Dr. J. W. Noble, W-1. Pattonden, on local sport and the coupon for directors, and Messrs. JM.ations if we can obtain (as we nese houses intimating that the the report and the accounts I shuft template-further building oper

Mr. Bowley charges the man-suitabla.inducement offers agement with farming out Chi- the Photographic Compotition Machado, G. Rapp, P. Potts, find some difficulty in doing) company has lost much-routs bo-pleased-to-answer any ques

Before moving the adoption of will be found on page 8. |J. A. Tarrant, D. E. Clark, M.D.. Silas, J. M. Alves and Enos Seti,

The outlook for 1913, in the "It is less trouble for general There being no questions the

thereby, and then goes on, to say tion, Shareholdere of the Hongkong secretary.

early part of which year all the and Shanghai Banking Corpora- The searotary having road the houses at presont contracted for managers of land companies to ohairman moved the adoption of

notice convening the meeting the should be completed, is distinctly

than in to report and socounis, Mr. half yearly meeting will be hold Chairman said: Gontlemen, hopeful. If the housesand flats just reply that the system of farm-tion was carried.

mange it persoort

To this Machido seconded and the mo in the City Hall at noon to-mor...the roport and statement of accommenced are all lot no I firmly ing so far as regards Chinese tene- | · On the motion of the `chairman, counts have, in accordance with belive they will, there is no reason monts in poor outlying districts socondo by Mr. P. C. Pots, De the new Companies Ordinanco, that I can see why the net profits is the safest and bost one in the J. W. Noble, Messrs. J. Scott Pho dance which was to been in your hands for the past in 1913 should not show a further landlords interest. The tenants Hurst, J. W. C. Bonnar and W. have been given by the Flng seven days, so with your permis

largo increase. Captain and Officers of H.M.S.sion I will take them as road. Minotaur to-night line boon post. The same Ordinance-require speeches from the chair have beenture would not realise two dollars; Moss, W. H. Potty and U. P.

For some years past my annual whole assots in the way of fürnt, directors.

are coolies and work people whose Pattenden were re-elected. poned until the same time to that I read to you the report of of a more or less gloomy character. consequently there is nothing to Smith were re-appointed auditors the auditors which I now do. I therefore I now take a more distrain upon, and when ront day on the motion of Mr. Silna second- morrow night.

After reading the auditor's recleorful view it is not think comes they vanish like mist be-od by Mr. Tarrant. Shanghai papers that arrived to- There are only four items in the because I am unduly optimistio fore the sun. Only a Uhiacse The Chairman: That is all is

port the speaker. continued:- iny state that there is consider Profit and Loss account which call there are the signs of the time for tenant farmer who law everything the business, gontlemen. I thank ablo objection among the Chinese for any comment from me viz: – every one fo read, and the con- to loso and lives in the vicinity of you for your attendance. Dividend. to the proposed loan from Japan Fire insurance premis, commis vincing argument of an increasing his tenants, can successfully cope warrants a-o rody now, and can on the security of the China Mer-sion, unclaimed dividends, and controll as evidenced by the with such conditions. I am in- bo had at the compna a office.

figures I have just read out to formed the Land Company have

tion are reminded that theordinary

row,

The rates of Subscription to the "Hongkong Tolograph" will chants' S. N. Čo.'u bo as follows:~

full month.

property.

Daily insuo-$30 per annum. Wookly issue-$13 per annum.

At the Supreme Court to-day, Messrs. H. Heptoola & Co. The rates per quarter and per menso, proportional. Subscriptions brought an action against 3liss for any period less than one month will be charged as for a Thompson to recover the sum of The daily issue is delivered free when the address is accessible to and the customary order was $22. Defendant did not appear, hossonger. Poak subscribers can have their copies delivered atmade. their residences without any extra charge. On copies sont by. post an additional $1.80 per quarter in charged for postago. The postage on the weekly issue to any part of the world is $1.00 Single Copies, Daily, ten cents.. Wookly, twenty-five conts (for

cash only).

por quarter.

+

(Payable In Advance.)

By Order,

"HONGKONG TELEGRAPH.”

DEATH.

ARTHUR-On the 27th January at Camborne, Cornwall, England, W. M. B. ARTHUR (late Hongkong Civil Service) aged 71.

The object of this paper is to publish currect information, to serne the truth and print the news without fear or favour,

Cible Address: Telegraph, Hongkong.

Telephone: No. 1. A.B.C., 5th edition: Western Union

The Hongkong Telegraph.

HONGKONG, FRIDAY, FEBRUARY 16, 1912.

THE SITUATION.

A Huge Hotel,

you.

recoutly givon up Mr. Bowley's The speech which I have just file of letting "flat by flat" and Fread was writton and received the

approval of the board before Mr. pas boting" as they find it course of crticising the accounts Bowley adopted the unusual better.

HONGKONG C M. A.

Satisfactory Reports at the Annual Meeting.

Mr. Williams prosented, the

transfer from insurance reservo fund. Firo insurance promia is less than last year by $2,460.88; this differonoomay be said to reprosont expired fire wake usually and written by the company which

I might mention for Mr. Bow- this year's accounts; commissionnual meeting. If he had waited pany's Chinese tenant farmers have not been charged up in in the Press instead of at the on-ley's information that tlie Com- $1,107.10 is brokerage paid on to hear what the Chairman had have frequently come to us and lance sheet wore submitted Inst

A satisfactory report and bag now mortgages; unclaimed Mr. Frod J. Halton for a trial trip which have been outstanding for bern left unsaid. But since Mr., therefore, now that the tide Association which was held at St. Invitations are being issued by dividonds $2,803.20 are those cast of his remarks would have leases as they were losing heavily. the Hongkong Church Missionary to say about the accounts some at offeral money to cancel thoir night at the annual meeting of on the Pacific Mail steamer Nile five years and which have been for Bowley has adopted an unusual has turned, they are recovering Paul's College. The Bishop of on Monday next. The trial trip feited by the directors for the bene and to my mind unnecessary pro-me of their losse surely noither Victoria prosided. The bon. sece will be round the island, and the fit of the company under the cedure, I am reluctantly compell- Mr. Bowley por any other share retary, the Rev. A. B. Thornhill, steamer will leave the Kowloon special resolution passed and con-ed to likewise take an unusual holder ought to grudge them their having left the Colony, Mr. E. T. wharvos at 3 p.m.

firmed on January, 12 and 27 course and add some further re-improved rentals. 1911, respectively; transfer

Williams took his place. The unarke to the chairman's specch With regard to Mr. Bowley's hon. froasurer, Col. St. John, was from insurance reserve fund. I A home paper says there was have no doubt you will approve

in reply to his criticisms. Mr. remark that it will be interest- unable to be present and sent s ono unusual iucidont towards the of this in view of the fact that Bowley's letter to the Daily ing to her particulars from the letter of apology. [174 ent of the service held at San- the company does not underwrite "In spite of the boom in property volopment work undertaken in accounts. The grants to variono

Press of yesterday's date anys general managers as to the de dringham on Christmas Day. Just

so much of He own fire risks, as the company is paying a smaller 1911; I can find no reference to the Prince of Wales left the look in the general situation to cont by drawing on its roROT YO". Rccounts" such details have alwith $350 in 1910, an increase of before the collection ́was taken, formerly and the improved out dividend and can only pay 4 per fit in the report any statement of jecly during 1011, he said, amounted to $787, compared· church, and, scoing police which I shall refer later. sergeant who was on duty in the

The general managers in their let ways been referred to in the $437; receipts, 81,152, against churchyard, asked him to lend him before you with those of the pre- the boom which started in Sep-report and you will note that the lanco in hand, $1,235, against If you compare the accounts ter of the day before explained why Chairman's speech and not in the $1,030, an increase of $113; ba- some money, The Prince advious year you will find that the tomber did not affect Inst year's speech in question refors to two $964, an increase of $271. Other forgotten to bring any monoy for net result of the two years would accounts. The chairman's speech large contracts recently signed grants land bean made, ne it was the collection! The sergeant have been very similar but for written prior to Mr. Bowley's and some flats nearing comple- thought more desirable dis gravely pulled out his purse, aul, the tom "Mortgage Conversions" first lettor to the Daily Press also tion. There have been two other tribute the money rather than picking out some silver coins, $12,204.08 in 1910 acents. throws light on the point and smaller contracts completed, and to hoard it unnecessarily. Thus handed them with a smile to the This as I informed you at our last gives a specific cause for the ro-one large contract, details for it was that they were left with n Princo, who took the loan with a murmured, "Thank you very Tho absence of this windfall withdrawal from reserve the s been held up owing to ton-they hoped subscriptions would meeting would not be recurrent laced earnings. As regards the which wore complete last year balance in hand of only $47, but much."

coupled with the fact that the amount is so small that there ders being, considered oxcessive. came in which would onable Customs Medical Reports. amount brought forward was up will be no difficulty in replacing Any shareholder who takes anthem to make just as substantial We have received a copy of the wards of $4,000 less than that it this year, if things go on as interest in the company's affairs, grants this your.. Affairs in China romain for the moment in a state of suspended Medical Reports issued by the carried forward the previous year they are going.

and I take it that Mr. Bowloy animation. As we have once or twice suggested, in those columns statistical department of the In- is responsible entirely for the

The accounts were adopted. the difficulties before the statesmen of Chin could not be brought Customs. These reports cover half per cent and the withdrawal 5 per cent, commission of estate solves the work now in progress on the report and balance sheet,

of Chiness reduction of the dividend by one remark that

With regard to Mr. Bowley's must do, in spite of his 'smali spectorate-Gonoral

The chairman said that the As "the usitat holding, can go and see for theinsociation was to be congratulated to an ond by the surrender of the Manchu Government. Abdication the period from the half year ond- from the insurance resorte fund agents covers cost of staff and has been made and President San offered to resign immediately ed Sept. 30, 1904, to the half year of $5,000. Your directors, I am office rent,

Mr. Bowley asks "Is there and he trusted the Association B BUCCOSBOг. was appointed. The body at Nanking which is styled ended Sept: 30, 10'0.. sure, would not have sauctioned that all estate agents have the Manages and Board of Direr during the coming year. He pro- I am not aware some magic in the titles" General would be increasingly prosperous the National Assembly has made the choice, but it has to be

this withdrawal if I had not same rate of commission, but Itors"?answor neither in the posed, and the meeting unanim remembered that there is another body which has a prior and a

Batisfied them that property had do know that some of them on nor in the other. As regards ously approved the election of the more legitimate claim to the title of National Assembly. That is of the Strand Hotel Company, that our revenue, which prior to and also smaller commissions on shareholders approve of them and yoar; Hon. treasurer, Col. St. Speaking at the annual mooling materially improved in valna and charge 5 per cent. on collections boards of directors I fanoy most following officers for the current the body that was in session in Poking in the early stages of the Limited, last month, Sir Joseph June last had been shrinking, has inventorios, leases, mortgages, are willing to pay for them. As John; corresponding secretary, rebellion and that then distinguished itself by ignoring the fact that Lyons referred to the Company's since that period been steadily renewals, assignments, ro-ass-regards general managers, it airs. Kidd; anagazine secretary, several of the provinces had revolted. What, becamo of this de-now hotel site bordering on going up. I will give you a fow signments, sales and purchases. seems to me quite immaterial Mrs. J. Stewart; box secretary, liberative body, we own we do not know. It apparently faded out board were confident that the collections month by month general managers would not well executive of any company is Mr. E. T. Williams; committes, Rogent-strost, and stated that the figures showing last year's.ront I am not at all sure that the whether the head of the Miss St. John; gonoral secretary, of existence. Nevertheless its members could possibly be reassom-hotel would for beauty, durability,The figuros ropresont gross ron- come such a system of remunera-called general manager, chief Mrs. W. M. Stewart, Mrs. C. E. blod and a decision in regard to the choice of this President could and comfort become one of the tals; that is to say they include tion, and as Mr. Bowley suggests, manager or secretary: his powers Thompson, Miss Eyre, Miss Stone, probably be made by it with more authority than by the irregularly be the largest hotel in Europe,

landmarks of London. It would rates:-

pay for the secretary, clerical delegated by the directors or con- Mr. A. H. Harris, Dr. J. H constituted body at Nanking.

containing upwarde of 1,000 $0,432; March $0,300; April own pockets.

January 9,117 February work and office rent out of their ferred by the articles must be Sanders, Mr. II. Sykes, Mr. There is still little love lost between those-represented by Yuan bedrooms, together with loungea $0.292; May $8.710; Juno

great if he is to be of service, Crowther Smith and all the Shih-kai, and the Republicans, and it is evident that neither side and reception rooms, wile the $8,801 July $9,101 August company always have been and dealing with a large staff.

The general managers of this and thus especially applies in clergy who are subsoribers to the trusta the other. Yuan may,

tariff, as at the Strand. Palner 80,331;

Association. if he be given cordial and un-Hotel, would be highly popular. October

September $9,125; still are underpaid. It is true Some of our local companies. questioning support by the Republican leaders, be able to restore Building operations will be com- $9,737 and December $2,027.

$0,572; November that some amelioration of their are prosperous, others thereverse,sionary work were given by Miss

Iutoresting addresses on Mi something like order out of the existing chaos and to fend off the monoed this year.

lot has been effectod, but if Mr. with the head of the executive Mildred Stewart (West Uhins) The first and second months of Bowley or any one else can point called. respectively by all four and the Rev. G. A. Binbury dangers from outside with which China is threatened. That this

Arrest of a Rajah. this year will be about the same to a single other company of the names, so that there would scom (Canton). support will be given him seems problematical., Yuan is thorough-

The "Pinang Gazette" of Fan December, but in March the same size where the chief or to be no bruary 6, says: In the Supreme rent roll will jump another $400 ocutive officer gets as little as them.

magio ly, distrusted and the groat diplomatic victory ho has won has not Court, yesterday, before Mr. Jus per month from the increased $3,000 per annum, I should there must be an executive head MANILA CARNIVAL:

in any of One thing is certain: won him any friends among the leading Republicans, and though tico S. Leslio Thornton, Rajah rents we shall be getting from be more inclined to consider his se apart from a board; it is im- he has been offered the Presidentship it has yet to be seen whether Mansur, a son of the ex-Sultan our Chinese houses at Yaumati philanthropic proposals at my material what name is given to he will receive the support that is essential to success. The position Abdulla of Perak, was brought and Hunghom. By the end of firm's expense.. is undoubtedly critical and whatever is going to be done should be up on the complaint of T. V. G. April our new model flats for With regard to Mr. Bowley's I have now dealt with all Mr. done without delay. There must be between 200,000 and 300,000 Street, Penang, that judginent ducing and should be responsible with other companies will show sitting down I should like to give Buffs, Singapore, arrived in the do Silva, jeweller, of Muntri Europeans will be revenue pro statement that "a comparison Bowloy's criticisms, but before Drum Major Andrews, of the man in arms in China at the present moment. It will be no light obtained by him against Rajab for a further increase in the rest that the cost of management of you a few facts and figures which Colony this morning from Manila, task to persuade the bulk of these mon to go back to the deadly Mansur for value of two diamond roll of $500 per month or more this company is higher in pro-have not yet been touched on. routine which constitutes the life of Chiness of the class from which rings, 8025, had not been satis- Although it is somewhat early to portion than other similar compan-

where ho has been taking part in most of them were drawn, The collection of taxes was not on-fied. The judgment was obtained prophesy, there is every indics fen," there is no other company ago under the name of the Itich- third visit to the Carnival, and on

This company started 20 years the Carnival sports. This is hi forced during the rebellion and the hope of avoiding taxation alto-soms 18 months ago during which tion, unless things take a turn on quite the same footing as this, mond Terrace Estate and Build each occasion he has scored well. gether caused some of the enthusiasm with which the revolution was discover bia whereabouts. The increase in the net profits for Investment Company and the houses and a capital of $33,000, championships of the Eust for 440

time the plaintiff had failed to for the worse, of a substantial but if one combined the Landing Company with six small liailed.

On Saturday last he won the Apart from those internal difficulties there is an external fendant came to Penang last Sa

plaintiff, on hearing that the de-1912.

There are no doubt, Land Reclamation Coy one might Its general managers have built yards and 880 yards, and ran mensoo. The Republicans have been receiving financial and other turday, promptly had a warrant shareholders who will think that at some near approach. But it up to its present capital of second in the 220 yard race. assistance from at least one foreign country. The bill will have to out for his arrest. He was duly the dividend paid during the last show that. 14 per cent of the olaven years the dividends have and one silvor.

will let that pass his point is to $1,500,000-and during the past He thus secured two gold medals be paid, and payment will not be altogether in money: The practi-arrested and released on bail: few years is not a sufficient gross rental" which he figures averagod 7 3/4 per cent, and up- cal extension of a Russian protectorale over Mongolia and the diffi- Before the Court he was ex-return on our capital, and with out the cost of management to be wards of $225,000.-have been pular athlete, and his success ne Drum Major Andrews is a pos culty with Japan over the violation of the ndutrality of the Liuotong amined as to his means of s- that your directors are in agree is excessive, Peninsular are problems that will require delicate handling. Altisfying the judgment. His Lord-ment, but it must be borne in Doos Mr. Bowley know what our period I vonture to think that this gratification,

placed to reserve during the same the Carnival will be learned with together the immediate outlook for those who will be fa control in ship ordered him to pay $10 a mind that the company has a gross rental je? I think not. a an achievement of which the A race that was cont China in sufliciently anxious and we can only wish them success month from March 1, 1912. Mr. R. lot of its capital invested in Neither grom rentals or gross gonoral managers might foel for the mile championship of the without venturing to indicate in what direction-other, then frank V. 8, 8. Hogan appeared for the undeveloped land which bringe in collections are shown in the bal- reasonably proud. co-operation between all sections of Chinese opinion it can be plaintiff and Mr. J. F. Wreford nothing and on which crown rent

East, tras bindoned most speedily found.

ance sheet, Taxon paid to govern-! wan for the defendent. tis paid to the Government. For ment being deducted from rents have potential value, irrespective pointingut.

The shared of this company, Drum Major / Andre

•

many

such bed.

"

Drum Major Andrew's Successes.