1913-10-23 — Page 9

OPIUM STOCKS CASE.

·(Continued from page 3.) Did it not occur to you Mr Gourgey that when you asked for & permit to remove these chaste, that you were getting permit to remov: more opium than the Iu ports and Exports Office are aware of ?-No, not an ordinary case, ne usual in removing opium from one place to another.

I quito agree they are permite

Commercial

CHIAN'S INDUSTRIES,

THE HONGKONG TELEGRAPU, THURSDAY, OCTOBER 23, 1913.

to

де

because similar undertakinge when conducted by foreigners in China have in a good many cases shown very handsome re- The native industries of China,sults, the Chinese apt never too strong at the best, to look upon anfailing means suffered severely from the alter- effects of the political upheaval, They are also given to consider

profit and wealth. writes a Financier correspondent.ing any large enterprise in which The local cotton mill, whose they have invested their money as capital was partly derived from affording excellent opportunities official sources in the past, had for individual profits to be derived the misfortune to fail at the very from contracts for materiala, as moment when its luck seemed to well as for salaried appointment- be on the turn. For the Ars for friends and relatives. Ex- time in the last three years the parience, however, having re- success that, had the mill been that, under such conditions, sao- able oarry on, it would probably cons is not easy of achievement, bave succeeded in retrieving toge it is now becoming increasingly of its former losses.

difficult for would be promoters The silk weaving industry of large echemes to persuade their in the city of Hunchow collapsed as a whole, and this suplus wealth in such enterprises. richer countrymen to invest their

threw out of employment a lot of Why did you get a permit to the poorer wage-earners. The get cheats removeil to the Assaye, cost of rice having risen in the the four chests now in the godown.

Why dirl get ↑ permit to Bt them in the godown ?-Because I was negotiating for a loan first and I wanted to see which godown

Banks

INTERNATIONAL BANKING

CORPORATION.

Haad Office-do, Wall Street, New York, London Office: wið, Bishopsgata, 1.G BRANCHES

Houbay

Cricetta

Casian

Cabe

Colon

Exper

Hoog

HARLO

Selling.

T/T. Marks

Exchange

..................................1/11 36 T/T. Franes ................................251)7 Demand.....1/11 15/16 Un Haiphongès...........d 1/4o/, pmi.

Private 30 d/s sight S'hai 79366 m/s. L/O ...... T/TJapan

T Bombay

-969430 d/s.S'ney & Melbourne 2-4/4

Bauks

Но

T/T "ONGKONG & SHANGHAI

BANKING CORPORA NO d/s

VIKTION..

60.d/e 4 m/s

Faid-up Capital

$18,000.00

14736849/- 1/4

11 TIMI

Kobe

·· Musiža

Krisp

RESERVE FUNDS :

........On Saigon **2/1/8 On Bangkok T/T Shanghai ..................................7234 4 m/s. L/O T/T Singapore

..1% pm..

Buying.

10

2/-1/2

.85: 4 m/s. D/F

.2/- 5/8

.2/- 11/16

Pasama Ratk

I Franelson Shanghai

Sterling

T/T.Irdia ........................

.............................14812 30 d/e. San Foo & New York, 4914

............14832 | 4 m/s. Marks

-209

£1,500,000 at 2/--

Demand Bombay

.........1484,mfe. France

257

T/T Caloutta

......148 6 m/s. do

239

Bilver

$15,000,000

17,450,000

Demand Caloutta

28 3/16

Demand India

28.1/16

Demand Manila

52.60

T/T. Java

$1000

$32,450,000

Subsidiary Coins. Discount per $100 Jhinese...20 ots. pieces 181⁄4 %

Opium Quotation.

Aug. 15

Malwa, New

.$3,350 perplo

Malwa, Old

3,500.

$8 5/8

Patna, New... 4,305 per pho

Patna, Old... 4,250

$6 12

Benares, New... 4200

$8 14

Benares, Old........ 4,000

to ramova opium from one place native cotton trop was such beatedly demonstrated to them are assum, or for shorter parsoda, it rains, which

you

to another, bat, Mr Gourges, I put it to you you must have know were getting a permit to remove more opium than the Im- ports and Exports office could be aware of un'es you told them you had got exa Bize cases ?-No, I know nothing about it.

to take them to.

They were the last consignment, Tongo Mara and the Assaye ?

the Chian, the Iyo Mara, the

YOJ.

mer

Capital and Purplục saukuma Gold. 17,809,000 quals 11490,000 EVERY DESCRIPTION OF BANGING BUSI NESS transactail,

CURRENT ACCOUNTS opened in the urma kurs.

"DEPOSITS KECAIVED, Eked, los sue your, as

may be ascertained on apple has.

BILLS NEGOTIATED and COLLECTED. MAIL 244 TELEGRAPHIC DENISTANCES "LETTERS OF CREDIT and DRAFTS granted ...an, xil the principal cities in the Wörld, alt

THE LANK'S "CIRCULAR HEITRUS” OF CREDIT by el aver lakemeld

COMMERCIAL LETTERS OF CREDIT PURCHASE and BALI of Stocks and Shares focied ERAVELLERS CHECKS sold and seabed.

GEORGE HOOG,

* Manager. 9, Queen's Road, Bongkong, sung, 1st Nov., 1932

You

THE

10:

Rearove Liability of

Proprietors

..$15,000,000 COURT OF DIRECTORS.

„148 1/2 | BarSilver, ready 148 1/2

forward

97 3/4 Gold Leaf per tael

T/T. Ban F'o. & New York 481/4 | Bank of Englandrate

120 1/2 Sovereign

8. H. Dodwell, Esq.,Chairman. Chinese...10 Hon. Mr. D. Landale.-Deputy Hongkong.20

19

Eff

JOKOHAMA SPECIE BANK, LIMITED.

Established 1880,

Authorised Capital Yen 48,000,000 Faid-up Capital Reserve Fund......

The borrowing of foreign capi-{ tal then suggests itself as a con- vennient may out of the difficulty, meanwhile, a considerable portion provided the money can be ob you of the population of Hangehow tained without awkward condi

had to face turvation. Insuf- tions us to foreign management or ficient food poverty, and dirt corol of expenditure. But while promptly combined to produce small losos, on more or less an epidemic of famine fever, onerous conditions, are occasion- which soon assumed the form of typhus; to this, bad drainally contracted with foreign tend- ors by Government officials, they 86 and a water supply dependent are rarrly obtained by lese respon apro the vagaries of the rainfallible parties. It happens some added their contribution in the tines, however, that orders for form of typhoid fever. In the modern machinery are placed city slove some 1,000 deaths were with foreign firme in China, who, Antung-Hsien reported to have decurred from after it has been delivered and Bombay thees causes, and Lhays heart

set up, find considerable difficulty Calcutta that this estimate was probably in obtaining payment for it. This Changchun considerably exceeded.

has happened twice recently in Dairen Industry, as compared with trade itself, is certain inherentHupel. To a certain extent, the Fengtion weaknesses in China. One of themselves to blame wiin. this Hankow

foreign firms concerned only have Harbin the worst is that it is generally

ort of thing happens. Old and Honolulu built upon

insufficiout financial

Kobe well established firms are not

Liao-Yang business done by many native were being made about the opium firms, especially in the banking

it is usually the smaller and Lyons on the Tango Mara and the line, in out of all proportion tounger concerns whose anxiety China 2-No:

And they remain in Kowloon godown, not in your name, but the ship's name I think they are pat in first 7-They are now in my name.

but I quite agree with you, they landed in the ship's name and were there about ten days before you applied for them ?— Well I cannot say how many days. More than a week anyway?→→→ Might probably be so.

H

30,000,000 18,550,000

Head Office.-YOKOHAMA.

Branches Agencies at

Nagasaki Newchwang New York Osaka Pekin

You knew by then enquiries/foundations. The extent of the likely to be caught in this wayLondon

the arieat.

10

place orders is apt to lead them

to mike contracts without suffi- ciently insisting upon those

Ryolun Port

(Arthur)

San Francisco Shanghai Tiebling Tientsin

Tokyo

Los Angeles

i

EISHI ONO,

Interest Allowed on Current their individual resources; yet

Account, Hie Worship: The witness hos

Deposits received for fixed already said be knew nothing they com able to carry on and about these inquiries until aftroven to thrive in normal.tunca, garantees which time and ex-periods at rates to be obtained on

because their actual expenditure rience inve proved to be indie-application. is small; they help each herable in order to secure sound Mr Hodgan:-Ididn't just take

over their difficulties, and hinese business in China. it like that. As your Worship business ways, owing perhaps to pleases. Did you know any their chaotic currenes, rea loose quitica were being made abuut

and accommodating, the four chests from the Assyo?

No.

Managor. Hongkong, 30th Sept., 1918. [18

Public Companies THE CHARTERED BANK OF

INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 1853.

HEAD OFFICE-LONDON." Paid-up Capital £1,200,000 Reserve Fund... £1,700,000 Reserve, Liability of

Proprietore .......£1,200,000 FOREIGN EXCHANGE and

Hint when item tilrge in dustrial enterprises, neesmu bug HONGKONG HOTEL COM- And you were perfectly. "in-

".. the employment of labour, ona

PANY LTD. accent of the fact that there considerable sele. Chinese bless chosts, the subject matter of thisganisation are fundamentally NOTICE is hereby given that an Extraordinary General charge, the cheats on the Asayfay, and their hand-to-mouth Meeting of the Hongkong Hotel were under any suspicion t

methods will bot stand that Com any, Limited will be held at all?-Yea

Did you regard it as unimport-of adverse conditions. Any the premises of that Company ant, Mr Gonrgey, that you shoulders of capital in up to be uk Pedder Street, Victoria in the in investments of " high. Colony of Hongkong. on Satur not declare these caves contained. a most unusual amount ---I de-speculative character "or in pro-day, the twenty-fifth day of Oct, whiels either cant be 1913, at 12 o'clock noon when the porty clared the Assaye cases as extra realised op, when requirol, or sub-joined resolution will be pro-General Banking business trans- aized, now in the Kowloon go frequently found, on emergen-

pusod :--- downs, It only oogarred 'to me

"That the following new Arti cies, to be already heavily encum-clo be inserted in the Company's and I put it on the permit.

bered with loans and me LogPÁL

Articles of ssociation after Arti. cle 10 thereof

1a. "The Company shall pay "dividend, in respect of "any existing or now

shares of the Company, Hongkong, 11th April, 1812. "In proportion to the "amount paid up on each

His Worship:-Why put ext a gized on this one and not on the other?-Because it didn't occur to me.

7

The Chekiang Railway in stauding influore of the peculiar character of Chinese Mr. Hodgson: When did, youerprises. Ever since its shares know Mr. Gourgey, first of all, were firut inued it has been called the paid. that this opium was inspected ? "pon to pay internat On When I was arrested; I cannot up capital long before it could even begin to earn enough to pay remember exactly.

dividends. As is earnings are

Well you must know surely, Mr Courgey, whether you knew be for or after you were arrested?

After.

Your are quite sure? I think

...

..

You know these cases were in- spected on October 17-Yes.

You know Mr. Judah ?-I know

bim as I know any other person

Now Mr. Gourgey, I don't wis

ill at beat little more than suf-

share where a largar amount is paid up on

acted.

CURRENT ACCOUNTS open-

Chairman.

G. Friesland, Esq

E. Goetz, Esq.

0.8. Gubbay, Esq.

P. H. Holyoak, Esq,

G. H. Laurez. Esq.

W. L. Pa..erden, Esq. J. A. Plummer, Esq. Hon. Mr. E. Shellim, H. A. Siebs, Esq. CHIEF MANAGER: Hongkong-N. J. Stabb. MANAGER. Shanghai-A, G, Stephen. London Bankers-London County and Westminster

Limited,

Hongkong-Inte est Allowed.

On Current Account at the rate of 2 per cent. per Annum on the daily balance.

·

ON FIXED DEPOSITS.

For 3 months. 2 per cent. per

Annum.

For 6 months. 3 per cent, par

Annum.

For 12 months, 4 per cent per

Annum.

N. J. STABB, Chief Manager

HONGKONG SAVINGS BANK

THE Business of the shove

Hongkong.10

ייד .

SHARE REPORT:

5-SELLEKS

B-BUYERS

AST DIVIDEND AND I ATES

£2 at ex 1/16 equal to

820.31 for

ending 30/6/13

-$18 for 19:

year

Final of 10 p.o, making

20 p.c. for 1911

Final of $20 making $50!

for 1911 and Interim

of $30 for 1912

Final of $12 mak.'$15 forļ 1911 & Int, of $3 for 19121

JA-SALE

Stocks & PAID OF' Yalos..

BANKS.

CLASIKO Qio

Hongkong & S'hai $125

$790 6.

£79/10

· MARINE INSURANCE, Cantons North Chins

$50

£5

345 T137) b.

a.

Unions

$100 $795 b.

250 $195

}

Yangtzea

FIRE INSURANCES,

8.

b.

$10 for 1911

$27 for 1911

China Fires

$20 $154 Hongkong Fires $50 $375 h.

SHIPPING. China & Manilas $25 63 Douglas Steamship $50 $33) Steamboats, $15 $2812 sa Indo-Chinas

£5 889 b.

104/6 82.

£11

'

ין

$1 for 1906 $2.50 for year end'g30'6′13 Interim of $1 for half)

year ending 30°6′13. -fr: (6 p.o. for year 1912 on

preferred shares

Final of 4-making 6/-" for year ending 31'19'12

Int, of 1/- a/c. 1913

#2 on 10,000 shares ist issue

.. (Preferred)

(Deferred)

"Shell" Transports £1

b.

810 858

b.

#1 on 10,000

REFINERIES.

$100 $98. $100 $35

b.

8.

MINING.

"Star Ferry"

Bank is conducted by the China Sugars HONGKONG AND SHANGHAI Luzon Sugars BANKING CORPORATION.

Rules may be obtained on ap- Chinese Engineeringe £132/6 plication.

£1 48/3

INTEREST on deposits is al-Tronche

£1 $34

lowed on the minimum monthly | Raubs balances at 83 Fer Centi per an- DOCKS, WHARVES, & G'DOWNS

Kowloon Wharfe

$50

$88 6 Depositors may transfer at their R.K.&W pos Docks $50 $79, option balances of $100 or more to the Hongkong and Shanghai Shanghai Dooks T. 100 57 Bank to be placed on FIXED Hongkow Wharfs T. 100 T.1091

DEPOSIT »«* 4 Per Cent. per

ÉRDUM.

For the Hongkong and Shang- hai. Banking Corporation,.

N.J. STABB, Chief Manager,

BANK.

ed and FIXED DEPOSITS 10-EUTSCH ASIATISCHE ceived for 1 year or shorter periods at rates which will be quoted on application.

A. 8. HEWETT,

Acting Manager.

some shares than on THE "others."

ficient to serve as working capital. Should the above Resolution be

the company is compelled, year passed by the required majority after year, to raise loans aufficient it will be submitted for confirma-

Notice:

[22

CHINA PROVIDENT LOAN AND MORTGAGE <O., LTD. (Capital Paid up...$1,250,000.)

to pay interest at 7 per cent on tion as a Special Resolution to a Loans on Mortgage of Bouse Pro- the whole of the capital invested, second Extraordinary Meeting porty, &o. while annual calle on the share which will be subsequently con-Goods received on Storage.

Advances made on Merchandise: Dalad this 14th day of October, Loans made on the Provident holders in respect of the unpaid vered.

System.. By order of the Board of (Rates and Particulars on ap-

plication).

steadily decreasing amounts. portion of their shares yield 1913.

But the worst infirmity of

to trap you in anyway, but you partielly all large indnanial en- were arrested on the 8th.?-Yes.

were stored in Mr. Judah's go-

terprises organised and conducted

themselvee-

These chests of opium of yours by the Chinese down, in your name, awaiting in though the maine may probably stractions as to negotiations for be said of most Oriental nation-

the loan 7-Yeя."

ie the wasting and frittering away

Directors. J. H. TAGGART,

Acting Secretary

Notices

Or

The Office of TRUSTEE, EXECUTOR

WILLS, ATTORNEY, &

Undertaken and Executed. I

8HEWAN, TOMES & Co. General Managers.

Now you have told me just of valu ble resour. These en- HONGKONG JOCKEY OLUB. Hongkong, 19th March, 1908 now, you think, you only. and terpisos almost invariably attract you thought; the first you heard a warm of parasites whose ead-

of it was after your arrest 2-1

can't remember,

•

His Worship: Did sometody tell you that your chests were being searched ?--I don't remem- ber that.

Mr. Hodgeon: You bad seen Mr. Judah, himself, every day before your arrest 7-I don't think so.

You cas him pretty frequently don't you?-No.

NOTICE,

less small depredations, added to THE HALF YEARLY MEET DEAR TRAMWAY CÓ

ING of MEMBERS will be

the sums wasted on their salarise, held on WEDNESDAY, the 29th rob the main concern of any Bur-Octobor Next, at 12 o'clock, noon, plus vitality and reserve of forces at the Offices of the Jockey Club, which would enable it to meet on the Ground Floor of the Hong- emergencies when they reour. kong Club Annexe, Chater Road.

By Order, This happens especially in the ass of those modern concerne the management of which is still unfamilar to the Chinese business men.

able

to

ruu

13

Tusy are Irrge steamship companies with appar- ent success; but here they have

However, you were arrested on the 8th., we will leave it at that, and you were let out on beil at gathered experience for many

once or at least as soon possible-Yes..

at years past. But when it came

to factories and railways, which

Did you not go and see your demand a large initial outlay of solicitor, Mr. Shenton, bafora capital in the purchase of ma- your arrest, Mr. Gourgey; whe-chinery, etc., from abroad, as well ther it was about them being aa the employment of a large weighed or not I don't know ? amount of la our, their methods When I was arrested I got quite re amateurish, and usually prover

hemselves, in a very few years, (Continued on page 101

Yet to be hopelessly unsound.

T. F. HOUGH, Clerk of the Course.

LIMITED.

TINE TABLE

7.00 +4. 10 3.00 4.M, 10.00 AM. lo

1845 9.1. to 1.25 2.14, 15 1.43 7.5 to

WEEK DAYS.

32

Capital Fully

Paid-up.Sh. Taels 7,500,00 Head Office.-Shanghai. Board of Directors-Berlin. Branches:

Berlin Calcutta Canton Hamburg Haukow Kobe

Singapore Tientsin Peking Tainantu Tsingtau Yokohama. LONDON BANKERS: Mesare. N. M. Rothschl. & Sons. The Union of London and Smith's Bank, Limited.

Deutsche Bank (Berlin), London Agenov,

Direction der Disconto Gesell

schaft.

Dresdner Bank INTEREST allowed on Current Account. DEPOSITS received on terms which may be learned on application. Every description of Banking and Exchange busi- ness transacted.

LANDS, HOTELS, & BUILDING E Anglo French Lands T.100 T.94 $125 Hongkong Hotels · $50

$85 Hongkong Lands $100 $110 b.

Humphreys Estates 110 Kowloon Landa $30 Shanghai Lande T. 30

West Points

94 8. $45 b.

T. 91

$50 $72

Manila M'pole Hotel P.10 P. 8

COTTON MILLS Ewos

T. 50 T. 145 Shanghai Cottons

MISCELLANEOUS.

T, 120 B.

104

B.

1434

Laou Kung Mow Kung Yik Hongkong Cottons 610 $9 China-Borneos

$1289 Light and Powers $101 Do. (Spec.shares) $11 China Providents $10 Dairy Farms Green Islands Hongkong Electrics $10 $436 Hongkong leon. Hongkong Ropes

R. TIMMERSCHEIDT. Langkata

Manager, Hongkong, 9th Oct. 1911.

Morning Post Peak Tramway

"THE MERCANTILE BANK OF

*1.00 4.M. Evzar es MI,

to Mpe 10.00 AM,

*M06 (2) $1.00 A-M. $1.45 PM.

TO ME, KAS PAG w 1.3 FM.

10 MIN

1

IL MIN.

"

10 MIN,

15 M. "

$.60 1.3.

007, to Hongkong, 13th Oct., 1913, (960

MARTIN'S

APIOL & STEEL

Ladien

PILLS

A French Ready for all Irregularitjét. Thousands of ladies a'way keep a box of banin's Pille So the basse, so that on the first sign of may Inrularity of the System a timely dose may be ad ministered. Those who cut them · re- commend them, hence thekranomous salı, All Chenil-ts and Ntoma sell them throughout the world, ar nose free, ale HALTIN, Chemist, SoutBampton, Eng

MARTIN'S

APIOL & STEEL

Log Lady PILLS

1.10 r.. NIGHT CARS.

1._._dang,ʻʼ9:40ʻrim, Lo

'11,0959/34;_* @varyshalf hour.

13.00.1 to 21.45 1.M.

avery"quastor ofarbour.

SUNDAVE.

8.00 AM. 19 10,30 A., Kane 15 Min.

10.30 AM, ta

11.00 AM

94, A., to 100 NOOK 19:00 Noor 10 1,00 2+

3.00 "P.M. to 500 3.3. to

ut

5:00 PM:

AS MEN.

10 MIN. 300 V., to 7:00 PM.

10 Xtia 7.00 FN. 10 .30 .M.

NIGHT CARS as os Week Days)

t

BATUR DAYS.

Extra Cari actuˇmidnight. #PECIAL 'CADES.

By Awangement at’the Company'ı

"Alafendra, Baldlagu

INDIA, LIMITED. Authorised Japital Subscribed " Paid Up Reserved Fund

Er

$9

9.

b.

$6 $27 $10 $7 ea, & b.

$25 $150 b.. $10 $23

8. 10 T32

$25 $22 $10 $104 8.

$1 90 cts.

Do. (new) Bongkong Electric Tram49/- s.

810 85 H. Price & Co., Ld. $10 $6

Pro- Booiste des ferred

£1,500,00 ... 1,125,002 Philippines

562,50 "415;00"

*

346231

BANKERS: Bank of England. London Joint Stook Bank, Limited.

Interest allowed on Current As- counts at 2 per cent per annun on Daily Balance and on Fixed Deposits at rates which may be Akortained on application.

À E LINTON

THE ALEXANDRA CAFE Cannot be Beaten, if Equalled, For Bread, Cakes, Confectionery. meals: with. Wines & Liquets.

Mak

Pulpeset

Papierteries

du Tonkin

$50 $20 paid up $50 Benefit $200 Shanghai-Sumairas T. 20 T.150 Steam Laundry

$5 $4 United Asbestos

Orlontal Agency, $10 893 b.. Ld...

United Asbestos Į

$10 $300 Founders Shares} Union Waterbost $10 $17 1/2 b.

Welsmann, Ltd.' #10 #30

-$10 $734 b/ Watson

19 William Powell

b.

82 on 10,000 2nd

3rd

**

for year ending 30'4'18 --

$3 for 1912.

€3 for 1897

Interim of 3p.c. 8 2/5d per sbare, Couton No. 1 80- count year 30.6.12 Int. of 2/6 a 1913 1/2 for 1909

$4.50 for year 1912 $1 final dividend · for)

yáar 1911

Tis. S for 1912

Interim of Tls'3 for 1918

Tlo. 6 29% 10.

$3 on old shares, $1.50)

on newshares for hal” year 31'12'12

$314 for 14 year ending 30.6.13

50 cents for 1912

$2.80 for 1912 ·

Interim of 5 pio. for

year ending 30*6*13 half{ $2 for year endinĺ

30.6.13.

15 per cent. for 1910

7. p,0. for year ending)

31°10'12"

end-

Tls. 10 for year end-

ing 30'8'13

50 cents 31.7,08

85 cents for 1912.

70 cents for 1912

$1.30 for year end'g 31'7'13 40 cents for 1911

$1.60 per share for 1912 82 interim for 1913

$1 interim for 1913.

Interim of Tls. 1 msk ling The 2 a/c 1913 None

80 cents on fully paid)

shares and 8 cents on $1 paidshares for year onding 30.4.13

Final of $5 p.. making

7p.c. for 1912, None 2 bened $1.50 for 1910

None

No dividend this year

50 ats. for year end'g 31,5,12 -

J

(20 per cent. per ordinary

share for year ended. 31-51912

81,- per share for year) onding 31'121912 2

25 per cent, "for yaar] ending 31711EN

60 cents for 1918, (50% ) 40 ots,yearending 30'8'11 Corrected to verzi p. Oop # * WRIGHT AND HORNBY, ghata zad deceral brokers Di Võrus Roud Central Take sildness Racunad 23 "The Telegraph does nos bald tossil rastomašite may of the matva qudiachaum':