1912-09-11 — Page 10

10

THE HONGKONG TELEGRAPH WEDNESDAY, SEPTEMBER 11, 1912.

DIRECTORS AND THEIR abuses cannot be denied. There

FEES.

POST OFFICE.

SIBERIAN ROUTE, SUPER- SCRIPTION UNNECESSARY FOR EUROFR.

The valus uit on Parcels to the United States via San Francisco, or Honolula, has now been removed. Parcels may be seat up to acy value, but those exceeding $200 Mexican or £20 must be accompanied with an nylon certified by the United States Consul Genaml for Hongkong.

Due Shughul

MAILS VIA SIBERIA. ;l tell

London Aug. 21 Aug. 20

Sept. 7. Soph. 9

is the sorry spectacle in the city of failures in life hoing appointed to In view of the foot that from Boards of companies, not on no time to time directors of local count of their knowledge and ex companies come in for their sladre perience, but in order to enable

Letters and pont parda for Europa will of criticism from shareholders the them to maintain a certain social fature bo despatched by the monte of following leader from the "Fionn position. Less is heard nowadays Bibetia unless marked by the senders cial News" of August 14 will be of of guinea-pige; they exist, never for transmission by an thr route. intorest:

theless. More's the pity! Un- Printed matter and samples will "I say, honestly, I am here to fortunately, a class of directora is continue to be want by the Buez Canal 'make my living. I have made a thus created who seem to enter route. certain amount of reputation intain a kind of back-handed view the city, nail I value my servicos of, their duties. These men in- at what I please. You are very crease and multiply in the time welcome to my services at my of a boom. Let investors cogitato price, and if you do not care to over the events of the past few give it I am quite willing to re- years the rubber boom, the oil tiro." Thus Lord Harris at the boom, the tin boom; they cannot recent meeting of shareholders but come to the conclusion that in the Gold Coast Amalgamated. the majority of the ghastly The remarks wero made in reply failures are attributable to the to a question whether the directora incompetence and unbusinessliko would forego their feea until the policy of many of the directors shorebaldore wore in receipt of called into being by the busty dividends. It is the old question ereation of companies. They trust of the payment of directors. The to fuck to pull them through. mattor is regarded from two But a feature of such unsubstan standpoints-that of the directial undertaking is the provision tors themselves and that of the made for the remuneration of the shareholders. Not infrequently board. It is too frequently stipu does it happen that when a com-lated that the directors shall pany is struggling with difficul- be entitled to a percentage of the ties, and no return is being made profits after the payment of a upon the capital employed, small dividond to the sharehold- directors are asked either to forego ors. Thinking themsolves com their fees altogether or to submit petont to conduct the affairs of Swatow, to reduction until such time as any and every kind of company, profits are available for division. boom directors take. the earliest BirmitsPer Suevio, 12th Sept., 11 To say

that directors should opportunity of arranging to par- nover, in any circuinstances, bo ticipate handsomely in a proble- asked to: accept a smaller re-matical succe89, By Bo doing muneration than that to which they have already planted weed they are entitled would perhaps and choked initiative and are be going too far; but the mere biassed in the direction of pro- complaint that the company is renting accounts in a way that, Macao-Per Sui Tal, 12th Sept., 1.18 non-dividend paying is not sulli-while it may be perfectly legi- cient justification for suggesting limato, cannot be regarded as that the administrative part of the sound. undertaking should be cheaply dona. Choupness and economy recognise the services of direc- aro by no means synonymous tora when recognition is war terms while the latter might,ranted, and many cases could be and probably would, be associat cited of handsome votes at annual ed with officiency, laxity and ineficiency might result from meetings. Directors, themselves, Weihaiwei and Tientsin-Pqr Hui- the formor. We can sympathise to frequently forgot that they

Shareholders are not slow to

are the servants of the share- with both parties in certain cases, holder, and and it would be well if share- holders would sometimes 00- deavour to place themselves tem porarily in the position occupied by the directors.

4

MAILS DUE, 8,beriso, Aubai, 12tli inst. Ammican, Chion, 19th inst. Siberian, India, 18th inst. German, Buelow, 18th inst. Amerionn, Chiyo Marn, 27th inst.

Siberian

Mail.

MAILS CLOSE. Amoy and Foochow Por Haimun, 12th Sept, 10 k.ic.

A.M

Shanghai and North China (Europe, via 81- beria)-For Doranha, 19th Sept., 11 A.M.

P.M.

SHIPPING NEWS.

ARRIVED. Ballmouth, Br. s 2,807, J. Bill, 9th Bopt -Bankow 5th Sept, Ballast:-A. P. Co. Kamakura Mata, Jap, 1.8, 4,280, 1.

Hori, 10th SeptBombay Bali Bept. Gen.-N. YE. Kwanglah, Chi. s., 1,5P6, Stewart, 10th Sept Shanghai 7th Sept, Goa-0. M. 8. N. Ger. ss., 2,581, Reese, 10th Bept Shanghal 7th Sept., Gen-H. A. L.

Sueris,

Baletad,

Zotom!

Br. L... 897, Laudrup, 10th Bapt. Fremantle 21st Aug., Sandal Wood--B. & 6,

Mami, Jap. 8. 3,019, Kawa- sbima, 10th Sept –Bingspire 8rd Bept., Gen.-N. Y, K, Wingsang, B., 1,170, 'Hohnwood, 4th 10th Sept Wobu Bept Gen& Co. Gregory Apear, Bc s., 2,901, J. E.

„Drake), 11th Sept.-Cal

entta'rin Straits 25th Aug, Gen.-D, S, & Co.

Seangbee, Br. 8.0, 3,678, J. Travil

11th Sept-Rangoon 28 Aug. Gen. Scang Taik Flong. Ironc, Chi. s., 997, Bainos, 11th Sept. -Camon 10th Sept., Gen. -0. M.'8. N. Co. Chinhca, Bri's a., 1,249, Walker, 12th Sept. Canton 10th Sept. Gen.-B. & S. Daijin Maru, Jap. n.,, 899, D. Facbi-

gami, 11th Sept.-Swato w 10th Sept,, Gen.—O 8 K. Hniching, Br. .., 1,207, W. O. Pass-

VESSELS IN PORT.

Canada Mar, Jap. x, 8,759, K,

Hoising,

Hari, 8th Sept.-Shanghai

5th Sept, Flour,-~0. 8. K.

Mail Steamers

THE PENINSULAR

Gec. 6.s. 1,091, J. Brabo, AND ORIENTAL S. N. CO.

4 h SoptCanton 8.4 Sept., Ballast.-B. & S.

Dagny, Nor! .., 882, P. Solveien, 4th WiLL despatch VESSELS to the Undermentioned PORTS on or about

Sept.-Manila Bist Aug.,

Goa.-J. & Co,

Drular,

Nolss., 1.102, J. Bing, 9th

Sept.Bangkok via Swatow SHANGHAI ...... 8th Sept., Gan.--Kin' Tay} Loong,

LONDON,

URUAL FORTS OF Uajit. G. W. Gordoo, «X:X‚·

Elcano, Am. 8.5, 664, Altonaga, 9th SeptManila 6th Seph, Sugar.

Empress of Japan, Br. w.s. 3,019, 8.

Robinson, a w.n., 6th Bopk- Vaaconror 14th Aug., and Shanghai 2nd Sept, Mail and Gen -O. P. R: Co." Haiman, Br. ss., 641, J, W. Evans, 10th Sept.-Snatow Oth Sept., GenD. L, & Co. Haliotis, Br. .., 1,070, Bakker, ytli Sopt.-Balik Pappro 81,1 Ang., Baik oll.-A. P. Co. Johanne, Ger. .., 952, R. Ipland,

Bept Holbow Sept., Gen. J. & Co. Koong Wal, Ger..., 1,115, J. Kobler, th Sept.--Bangkok and Swatow 8ili Sopt., Gen:

B. & 8, Lyosmoon, Goz. a..., 2,000, Hellhoff

6th 10th Sept-Saigon Sopt., Gen-H, A. L. Mausang, Br. x.s., 1,845, Weigell.

Eth

6th

5th Sept.-Sandakan 80th Aug., Geb.-J.; M. & Co. Fhounipenh, Br. x..., 1,065, Jar, H.

more, 11th Sept -Foo chow Awoy and Buston 10th Siberia, Sopt, Goa, D. L. & Co. Jelunga, Br 8.a., 5,206, D. Maoindyou,

11th Sept-Mojí 6th Sept.| Gen. D. Basgoón & Co.

Sandakan-Por Mausang. 17th Sept., Sui Bang, Br, .., 1,776, 8. J. Payne,

$ P.M.

11th Sept.-Hongay 8th China-Per Shanghai and North

Sept, Gen.-J. M. & Co. Chinlum, 12th Sept., 9 pix... Haiphong, Pakhoi and Saigon-Per Dr. F. 1,047, F. Jamieron,

Singan. 18th Sept., 9 A.. Macao-Per Sui Tal, 18th Sept., 1.15

Siberian

Mail.

P.M.

chow, 18th Sept, 3 ..

Shanghai, Norib China' and Japan

via Kobe (Europe via Siberia)-Par Sydney, 18th Bopt, &

P.M.

Straits, Burmab. Ceylon, Ade

that by adopt- ing in autocratio attitudo. they are not only alienating sym- Frequently complaint is made Straits and India via Bozobay-Per pathy, but croating bad foeling.

against a director that he is

Capri, 14th Sept., 10 a.x. It is generally when Fortune associated with the management Blaugasi. North China and Japan via is withholding her favours from af too many concerns, and, that Kobo-Par G. Apcar, 11th a company that the vexed question in consequehoo, ho cannot devote

Bept., 10A.M. of directors' fees arises. That the sufficient time and attention to the matter is ever present in any one of them. In some cases proof of the number of under-the charge is, doubtless, justified; takings that come under the there are, however, some notable shadow. Shareholders too fre-excoptions. A business quently fail to remember that the possessed of a good memory, ahle sonduct of a company's affairs to grasp and deal with facts, and during the uphill days ontails for with administrative ability, can more attention, and causes much tackle and settle matters in a greater worry, than in the time quarter the time required by his of prosperity. Probably in incompotent imitator. His success this lean period the future breeds success, and his services fortunos of the undertaking are fare naturally in demand, like boing shaped, and no reasonablo those of Lord Hurria. A shareholder would expect, let litigant with a ticklish caso

mon

English

Mail.

Siugno,

4

11th Sept.-Exiphong mud Hellow 10th Sept,, Gen. B. & S.

Scott, 6th Sept.--Balgon 2nd Sept., Gon-Wo Fat Sing.

the DATES named

ron

ITHAKURI

VIA

DEVANHA Capt. W. 1. Hickey.

INDIA

TO HAIG ON REMARK

Noon. 19th Sept

(Freight and

Pazzage

Noon, 14th Sept.

10A.M. 18th Sept.

CALL ......... LONDON'& ANT-]

·WERP v. B'ro^E, PENANG, CxB0,

SARDINIA

Poat SAID AS Uapt. C. Q. Talbot, 8.8.8. MARINILLF...................

SHANGHAI, MOJI, KOBE &YOKOHAMA

MAS

NANKIN Capt. Owen Jones, 1x ki

For further particulars, apply to

.&O. 8. N.

Co,'e officej Hongkong, 11th September, 1912.

}

A bont ith Sept

Freight and Pasango

Froght and Passago.

Freight and.

U, W..D SHALLARD.

Acting Superintendent.

NORDDEUTSCHER

LLOYD.

BREMEN.

Ara. B., 5,055 A. Zeder, IMPERIAL GERMAN MAIL LINES:

6th Sept: San Francisco 10 Aug., Mail and Gen.--- P. M. 8.8. Co.

Too Sul, Br. ... 981, P. N. Markus- sen, 3rd Sept.Haiphong 1st. Bopt., Timber-Order. Ulysses, Br... 2,282, C. E. Day, 8th Bopt.-Takso, 7th Sopi..

Gen. B. & 8. Vestfold, Nor, 8.84, 1,112, Bertelsen,

8th Sept.-Swatow

7th Sep.., Geo-A. T. K.

CLEARANCES AT THE HAR. Ydenog, Br. s.8, 1.228, P. H. Rolf, 10th Sept.Manila 7th Bopt, Gen.-T., M. & Co.

SAILING VEKAELİ Comet, Br. 4-masted barque, 2,800,

·W. J. Davis, 19th June- New York 3rd Feb., Oil.---- S. 0. Ca.

·BOUR OFFICE. Miyazaki maru, for Kobe. Glenlogan, for Naples. Totomi-maru, for Yokobams. Waishing, for Canton. Halching, for Cebu. Kwangtah, 'for Canton.

DEPARTED. Sept. 11. Kaijo-mazu, for Swstow, Tjimahl, for Shanghai. Kinkosan-mern, for Japan.

laide, Weug n Australia, Ind'Iberville. Fr. orulsar, for Kwong- dia, Aden, Egypt, »nd Eumpe | via, Brindisi. Lats Lettors 11 m. to

noon, Extra

Postage 10 conte) (Supple montary mail board up to the time fixed for d. sartuza

chowyat.

Quang, for Canton. Bamsen, for Bangkok Kaga-mara, for London, Protesilaus, for Tacoma. ökar, for Kobe.

of the mail (Extra Fostage Kamakura-maru, for Kobe.

10 caab) (Letters posted

in all the Pillar Boxes in

Okara, for Japan.

Kumehow, for Saigon.

time for the first clearance Miyasaki-maru, for Kaba. will be included in this on Si-kisag, for Haiphong, tract mail.) ho Parcel Mall will be closed on Friday, Sept. 13th at 5 pm.-Pår India, 14th Sopt, 11 .M.

Philippine Islands-Per Yuonsong.

14th Sept, I r..

Macao-Por Sui Tai, 14th Sept., 1.15

Siberian

Mail.

P.M.

PASSENGERS ARRIVEĎ.

"

Black, J. J.

Per Kaga Maru, arrived 9th Byers, Rev. and Lesage, Capt. M, | Sept., from Yokohama, &c. :—

Mr. G. D. Marques, Miss

Morgan, Mr. and

Mrs. Elice Sakai, O. Tullock, Major &

MTB.

Fueup, Mr. & Mrs.

0. G. Farage, R.

Wicks, Row, and

Jolanga 14th Sept., 2 v.x. Shanghai, North China. Ja-Ganns y, E. H. pan via Nagasaki, United Goddridge States. South America nod Haley, G. A. Canada via Vancouver (E- Inglis, Lieut. Anil Mrs. mopo Tin Siberin) -Por MIF.

Wiltshire, Lient. Ema ross of Japan, 14th Komar, 8.

· P. B. Sept., 5

Kawazi, Prof. and Walker, F. G.

Dr. 8.

alone ask, directors to work with Beeke the advice of a success- out remuneration. A cardinal fal lawyer, not that of an factor in the situation is the ox-unproved barrister. Circumstan- perience of the directors. Incom cos have always to be taken into poient men are doar at any price, consideration. Whore, by their hut mon of honour, like Lord own unaided efforts, directors Straita and India via Caloutta-Por "Harris and those associated with have made a success of a com- him on various Boards, are wor-pany it may be reasonable to thy of their hiro. Let us look at the grant them a percentage of the case of the Gold Coast Amalga-profits; but where enhanced inted a little more closely, as, revenue results from a temporary having raised the subject, it will rise in prices of commodities, or sorve as on illustration. Tho where credit is taken for appre company, through its directors, ciation in share investments, the Acquires,

more matter is on a different plane. Straits or less substantial holdings in The whole vexed question of varions mining properties. It is directors and their fees is one Shanghai and North seldoin possible, for such a com-that has to be considered in vari- pany to secure provod raines, one aspects, and as applying to The price would be prohibitive. the special circumstances of dif- Its object, therefore, is to get hold forent companies. No cast-iron of areas with promise and then rule can be laid dow to bo of to develop them with all the general application. technical skill at its command.

or

takes

Y

.

For

NAPLES, GENOA, AL-

GIERS, GIBRALTAR, Į PRINZ LUDWIG SOUTHAMPTON, ANT- (Unpi. F. v. Blazer 18,800 WERP and HAMBURG.

BHANGHAI, TSING-) LIM"

BULOW TAU, KOBE

and

Ompl. M. Schuitor YOKOHAMA ...........................)

MANILA,

ANGAUR,

TO RAIL ON

WEDNESDAY, 18th September

10 A..

16,000

About WED'DAY, 18th Sept.

SATURDAY,

,8,100

5th October,

$ 10 P.M.

YAP, NEWGUINEA, ĮPRINZ WALDEMAR BRISBANE, SYDNEY (Capt. H. Bremer

About TUESDAY,

and MELBOURNE ....

KOBE and YOKOHAMA

| PRINZ WALDEMAR

Capt. H. Bromer

0,000

17th Sept.

F

8H11-8 PASSED THE CAVAL.

JBORNEO KUDAT & BANDAKAN... Capt. F. Sambill

About

19th September.

London, August 13

Arrivals from Obinv:-- Lv binn,

P. E. Fried ish, Etentor, Walton Hali.

The to lowing vessels bere paased he DIRECT to SANDAKAN... {RAJAH -

Canal:-Ajax Koerber Fing Suay Simla, Glenshiel, Burme e Princo.

London, A gust 6. Arrivale from Chic-Liberia, Oceanion Tyolens

The following Tossals have p‹mood the fan-1:-Benavon, China, Goobes Se ovia, Tango Man.

London. August 20 Arrivals from Chion :-Ajux, Beniorlieb, Teanksi.

The following vessels have passed the Canal:-Baron Napier, Bellery- phon, Benavo, Brasilia, Japan, Monclaus, Mi diehem Gastle, Miyasaki

Maru, Myrmidon, St. Patrick, Sydney,

Yoick.

Middle of October

All the steamors of the European Lin's ara fitted with Wireless Tolography.

New Sys em cf Telefunken.

For further Particulars, apply to

NORDDEUTSCHER LLOYD,

MELCHERS & CO.,

GENERAL AGENTS, HONGKONG and CHINA..

Hongkong, 8th Septeraber, 1912.

London, A-gust 28, DOUGLAS STEAMSHIP CO., LD.

Αντίταλε from Chi aă Coplon, Koorber, Prometheus, Tango Mars, Theseus.

The follo ing vessels into psassed. the Canal--0. Ford Inci e, Poone, Priam, Yang Put nesien, Tazo, Rhesus.

London, Angart 27. Arrivals from Obins:Denbigh- hire, Polyno-ion, Bogoria, Sencca, Alexia,

Hongkong-South China Coast Ports.

Highest Olans, Festest and Most Luxuilous Steamers on the Coast, having splendid Accommodation for First-Class Passengers. Ekotric Light. Excellent Cuisine.

FOR SWATOW, AMOY AND FOOCHOW RETURN. (Occupying 9 to 10 days.) CAPTAIN

STRAMSUITE.

CRAVING,

*****

| THURSDAY, 12th Sept, at`11 a.M. | TUESDAY, 17th Sept, at 11 am.

***

and Burmalı-Per Mutira,

14th Sept., 5 ..

The following vessels beve pred HAIMUN........ Į J.W. Evanı

Canal: Bonsleuch, Chin-Per PASSENGERS DEPARTED. the

Bu'ow Kwangsang, 14th Sept., 5 Por. s...Zafiro, exiled on 9th Sept, Sambia, Aresdi.

Glenesk, Glenturret, Monmouthshire, HAITAN .............. | J. 8. Bosch...

| HAIYANG........ | A. E. Hodgins | FRDAY, 20th Sept,, at 11 amṛ P.M. hanghai and Forth China-Per Block, Mr. & Mrs. Madden, Mr. and

for Manila, &c. drm day

London, September 8. Steamors will arrivo st, and depart from, the Co.'s Wharf, near Blake Pior. Anhui, 14th Sept., 5 PX.

Arrivals from China:-Belleroph ¤, Swatow, Amoy and Formoss vis Bisok, Wm.

For Freight and Fausage, apply to Black, Mrs. & MI #

Mr. Jay

Myra idon, York, Rhesus. Morry, Misi F. Tamsul-Ter Daijin-maru. Bradt, Miss D.

The following ve sele have passed Nakaso, S.

20] The 18th Rep....

Canal:Oslokas, Bradley, Col, and Bobinson, Mr. & Prinzess Allco, Yuauen.

Montrose Swatow. Amoy and Foochow Per Mi

Mr. B. Faitan, 17th Se.t., 10 ..

Behrens, C.

Smith, Jack Shangbai and North Chias-Per Wai-Chan Leat

Saki, Y. Floris; J. Floris, Master J.

The ground is not transparent, consequently it is utterly

Wireless for Peking.

impossible, without the expendi-

A wireless telegraphy station

abing, 17th Sept, 10 «x.

·

Siberian

Mall

Shanghai, North Chios, Je Gibson, R. B... pin via Moji, Vistoria and

·Higashiyawa, K. Tacoma (Europe via Siberia) Idegachi, K.

Per Canada maro, 17th

Idegudi Kamsayama, 6. Formosa vis Keelung. Japan Kawakami, K. vin Nagaakt, Honolula, Miobbits; B. Canada, United Stator

Bopt., 11 a..

ture of time and money, for is being installed by the Ameri- anyone to arrive at a definite cans in Peking on that part of the conclusion ns to the value of a city wall near the American Bar- Should the venture, raoke. It is reported that the ap `mine., honestly undertaken, provo un paratus is powerful enough to profitable no blame can attach to communicate with Shanghai. the directors. There is no ab.. solute certainly in mining, and.. A Dock Tragedy. it is always understood that in.)

The resumption of work ut the vestors who place a proportion of docks was marked by a tragio their capital in this class of un-occurrence resulting in the death dertaking are cognisant of the of an elderly stevedore named fact. There are many prizes Robert Ballenger, of James-street, which compensate for the failures; Mile End. He was engaged on Philippine Islands Per Kailong, 17th but it would not be wise to argue the Nigaristan, in the Royal Al- that bedrüse s venture is ungpo-bert Dooke, and was in the hold.it,

Siberian

Mail

xcom.

1

Singh, Jhandar Singh, Blaen Singh, Harman Flugh, Kartor Shimuden, U. Shearer, Mis. M. . B. Shilaya, Y. Yawasaki. 5.

1

London, September 6.

Douglas, Lapralk & Co., General Managers.

Arrivals from China Brasilia, THE EASTERN & AUSTRALIAN

Indomeneus, Kamo Maru, Bramley,

The following vassly bava pinned the Canal:-Armand Behto, Danba”, Indramayo, Nyauze, Peru, Atroda.

Per Shizuoka Main, exiled on.

TIDE TABLE.

to 18th Sept, 1912.

STEAMSHIP CO., LIMITED.

Mail Service to Australia,

MAIL SCHEDULE (SUBJECT TO MODIFICATION).

044 10 ST. ALBANS pomize

P 11 7 11 NT3

79

1 2 30 2041

Sopt. 10th

Stear

High Water

and South Ameries vis 8an 10th Sept., for Bentila, do, Frandfoo (Europe via Biberia) Blake, O. EL B. Ho-In -Per Biberia, 17th Sept., Garand

Tang Yu-nion Preatios, J. Wong Yam Redtarnj MrezaM. Wong Soon-king,

D.

Mr. and Mrs. · Bemedios, LX. A. Wil ardink, W. R.

September 10th. 10 a.m. p.m. ...29.77 29.78

Hongkong

Low Water Hoogkong

Mean Time

They

Wed.

15.

M

11 M •

•

Tharas

無

•

Fri.

1040

10

Satur, 4

Barometer Temperture Humidity india, anul 1;

91· 61

Sept, 8.x. Burmah, Cylon, Adala da Western An.tralia - "India, Aden, Egypt and Empe

via Naples Per Prins Ludwig. 18th Sept. 9.MET MAN

cessful the directors' should not A large paoking case, said to con be rewarded for their labours, or tain a motor-car, and to weigh that they should be extra well re-nearly a ton, was being lowered, munerated when fortune smiles. and it slipped from its holdings, Philippine T'and Per Babl, 181b

The whole matter must be re- striking the unfortunate man on garded in common-sense light, the head, Death was almost ine. Tientala-Per Chipehing 19th Bey Lhouch that the road is open to stantaneous,

Anive Hongkong from Australia

On the 30th Baph,

for Australis,

Leave Hongkong

On 21st Sept”, 11 On 19th Oct. Moons

The abore Steamers are sited with Refrigerating Machinery,, mouring plentiful supply of Los, French Provisions, eta, and are lighted throughons with Electricity All State-Roomshara Eleotrio Fana, ... A daly qualified Doctor and 15. #4 Stewardess are carried, ve Fung

For further partculars, apply to

fed and

GIBb, Livingston &

A gente,