1914-01-28 — Page 4

A. S.

WATSON & Co., Ltd.

ESTABLISHED 72 YEARS.

CHEMISTS, DRUGGISTS & PERFUMERS,

By Appointment 'to. His Excellency The Governor.

WATSON'S EFFERVESCING LIVER SALT.

This Valuable Preparation speedily relieves Billousness, Sickheadache and all derangements of the Stomach. It purifies the Blood by imparting the natura}; saline elements 'necessary to a healthy and vigorous condition.

WATSON'S

CELEBRATED

COLD CURE TABLETS.

THE HONGKONG TELEGRAPH,' WEDNESDAY, JANUARY 28, 1914.

DAY BY DAY.

LET US BE CONTENT, IN WORK, TO DO THE THING WE CAN, AND

NOT PRESUME TO PREF BECAUSE IT'S LITLE.

-Browning.

The Malls,

Siberian Mail-Arrived per 8.8 Tokushima Maru lastevening French Mail-Arrived par 8.8, Magellan this morning. Siberian Mail-Closes per. s.s.

Magellan at 5 p.m. to-day." Fren i Mail of December 30

+

Delivered in Ladon January 27,

Roglish Mai-Dué per

Cbins to-morrow, at noon

on

"

Siberian Mil-Closes per as China at 5 pm. tomorrow.

Football.

Cive immediate relief and a speedy cure. Invaluable for Happy Valley, tha afternoon. Cold in the head, Influenza and Neuralgia.

T'un orgy 1 of ikka pipar 186, justten vierai m'ormation, 4x arenie the Ere th schei praki tha sina umidyut fur or futuári

MWEAR THE DRAENTERNA

Carle Address: Talegraph, Hongkong.

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

The Hongkong Telegraph.

HONGKONG, WEDNESDAY, JANUARY, 28, 1914.

BIRTH.

PALMER-On the 15th inst., at the Bakap Rubber Plantations, Province Wellesley, to Mr. and Mrs. 3. Galbraith Palmer, a son.

GRAM.-On January 19, at No. 27 Ward Road, Shanghai, to Mr. and Mrs. T. D. Gram, a daughter.

The Policy Football Club play Royal Engin era "It serve team at

Knocked Down by Metur-car.

A Chines who was knocked town by a mour car at West Point yesterday has been removed to the hospital.

A Small List.

There were only two prisoners at the Police Court this morning, instead of the usual string that

appears in each dock.

Found Unconscious,

A Chinese who was found in the street in an unconscious con- dition at Wanchai, has been sent to the hospital.

Klang Planters.

Some well known planters of the Klang district, who retired during the boom, are, it is stated at Klung, coming out to take up planting agin.

Union Church.

COMPANY MEETINGS.

Hongkong Land Remation Co., Ltd.

ין.

properly

go take place East Point? other than those wherein sales of The Chairman:-That is all has not been considered by the this in spite of the fact that since dead warrants will be ready to 16 Chairman:-That matter property have been effected. And the business, gentlemen. Divi-

1905 large sums have invariably morrow.

directore,

COMPANY, LIMITED.

year. The revenue being $82,-

shares so very recently you are the commission referred to, that soon that Mesara Peroy Smith probably not aware what took is provided the profits reach the and AO.'D Gourdin be elected as place in previous years.

laid-down sam. An examination auditors for the ensuing year at Mr. Gristl is proposed to of the Company's 'Accounts since an annual remuneration of 850. invest any portion of the funds of its formation will disclose the Thore in favour please signify in The thirter at ordinary meation wbcderstood is fees have been earned in any years unanimously.

the company in the land reclama- fact that no Managing Directors the usual way. Against, Carried ig of shareholders in the above Company, we helt at the offices of Moestu. Jardine, Matheson and Co., Ltd, at 11 30 am to-day.

The Hon. Mr. D. Landale

Me Grist:-For the year 1912 been carried forward, so that the presided, and there were also the Managing Directors' fees Managing Directors have by the present Sir Paul Chater, C.M.G., amounted to $66,789.25 whereas adoption of their duly authorised the Hon. Mr. E. Suellim, Mr. O. S the amount divided amongst the policy of carrying forward a por- Gubbay, directors, Mr. M. Shareholders amounted to $65,tion of the profits in lieu of mak- THE WEST POINT BUILDING Northcote, Secretary, Messrs. E. 625.00 (a dividend at the rate of ing a distribution thereof among Grist, N. II. N. dy, A. A. 7 per osat). Is this considered a shareholders, obtained no personal FII Ferey Smith. 1. Suelton reasonable and proper application advantage over the shareholders Hoper, J. E. Seth, M. S. Sarsong, of profits? to Fok and Lɔ Choung-shui,

other than such as is expressly The twenty-sixth The Chairman: The Managing provided for by the Company's mooting of shareholders in the ordinary H.sharel.olders.

Directors have at no time taken Articles of Association previously above Company was held at the The Chairman-As it is now more by way or common thin referred to. Moreover it must boollices of Messrs. Jardine, Mathe- paat the time for which the meet-hey are entitled to under the remembered that by the adoption son and Co., Ltd., at 11.45 am. ing has been called, and as there Company's Articles of Association, of the Directors' is a quorum present, I will ask it is clear from Article No. 8 carrying forward profits instead was in the chair, and there were policy of to-day. Sir Paul Chater, C.M G., the Secretary to read the notion of the Artioles of Association of making a distribution also present the Hon. Mr. D. willing the meeting.

that the Managing Director's thereof among the shareholdere Landale, Messrs. J. W. O. Bon- The Scretary read the notice commission is payable under the result (se has been already nar, U. S. Gubbay, directors, Mr. convening the meeting.

distinct contract made by printed ont) has been that share-A. Shelton Hooper, secretary, The Chairman said: Gentle the Company as set forth in that holders have received a steady Messrs. H. Peroy Smith, A. A. mea, Ag. 'the report and Article, and is in the nature of a dividend during what may be Fyfe, M. S. Northcote, F. Maitland, balance sheet for the past year, legitimate charge on the earnings termed "lean years". The result A. B. Shepherd, A. F. Aroulli and with which is printed the of the Company, and the Det this year would have been the R. A. Carvalho, shareholders. Auditor's Report, have been in profits divisible sinong the same as in the yeare wherein no your possession for some days I shareholders cannot lawfully be Managing Directors' fees "wore convening the meeting."

The Secretary read the notice propose with your sunction to arrived at until such commission earned, but for the fact that aslee take them as read. Dating the has been deducted. The payment of property were effected this year.

The Chairman said:-Gentle- year we gold a block of property made to the Managing Directors in Mr. Christ: la the event of will take the report and accounts men, with your permission we in Kennedy Town, which we had respect of the year 1912 was there half the profits so carried over which have been in your hands. As second mortgagees acquired fare quite reasonable and proper. being spent in the purchase of for some days as read. The net at public auction. anme years Mr. Grist-Was not there property which afterwarde much profile for the year are practically before, at a profit or $58,185.30 included in this sum of $66,789 depreciates in value, would the the same as those for the previons and this sale acronata for the 25 the full amount of fees payable the Managing Directors consider slight doorense in Rent Account to the Managing Directors in themselves justified in charging 332.69 as against $62,348,21 and 8 well as for the increase in respect of the profits earned and further fees in respect of the in- the expenditure $0,300.45 89 mounts invested in mortgages. carried over from 1910 to the terest accruing from the balf not against $8,169.38 the previous The Company's propertice now present your? comprise Kowloon Farm Lot 11. and Kowloon Merine Lot 49; some

80 Bent, out of which half they year, the slight increase being in The Chairman:-Yes, have already received full fees? the matter of repairs. The lease, enquiries have from time to time have already taken their full indicated in this question in no curiont and there are many Mr. GristAlthough they The Chairman:-The position of the property is still been made. 'for the latter commission on profits earned, but way involves an answer differing enquiries for the same at a sub- but so far have carried over, are not the Managing from that given to the preceding stantial increase in rent when not resulted in business. The Directors now endeavouring to question. For, as has been already the present lease expires. There" On and fier February 1,net profits for the

take further fees in respect of year

shown, the Directors are by reason have also been offers to purchase MacKICHAN-LAY. On January 14, at H.B.M.' Consulate, the morning service at the amoùnti to $113,035.82 and those profits carried over ? Swatow, and afterwards at Kakchieh Church, by the Rev. J. Camp- Union Church.

of their contract with the Com- but so far your Directors have not hell Gibson, D.D. assisted by the Rev. P. J. Mactagun, D. Phil will-begin-at-10.30-instead of 11 policy of the past years haveing for the sake of example, the entitled to the commission obarg to their estimate of the value of Sundage, your Directors following their The Chairman-No. Suppo. paay (under Article No. 82) received any offer which comes up English Presbyterian Mission, Swatow, Alexander S. MacKichen.'clock us formerly.

again decided to only pay the amount carried forward from the ed, and their policy cannot fairly A.M.I.C.E., Hongking, eldest son of Peter MacKichun, Glasgow, Scotland, to Katherine Margaret (Daisy,) only daughter of William

usual dividend of 7 per cent. on year 1919 had been entirely be questioned since the result has G. Lay, Commissioner Chinese Maritime Customs, Swatow."

the paid up capital and to carry invested in revenue producing been that over a period of not

With these few remarks, gentle- forward the remainder. Before property and supposing the pro- less than five years wherein men, L'ahall be pleased to answer Report and Accounts I shall be mounted to 7 per cent. or 10 have been in actual receipt of accruing therefrom proposing the adoption of the fite

bad

profits were ms le the shareholders any question any gentleman may plented to answer any question per cent. on the paid up Capital dividends, and have thus, as it

There being no questions, I shareholders may wish to put. the Managing Directora would wore, been insured against loss beg to propose that the report and

Mr. GistMr. Chairman, have been entitled without ques in that respect.

accounts be accepted and passed, was not this Company formed tion to their percentage of

and I shall be pleased if some. with the object and for the pur- commission thereon, and they are fact that by carrying over a very Mr. Grist: Then is it not a

gentleman will second. pose of reclaiming certain land ? undoubtedly, equally entitled The Chairman No. The thereto, even though such re-

large portion of the profits, divi Now that the schools in Hongkong are closed down for their

objects for which the Company venue be derived from interest sible amongst the shareholders pleasure in seconding that.\\\" annual holiday occasion may be taken-not for the first time in

was formed are clearly set out in instead of from reata.

the Managing Directors have The Chairman:--Proposed by paragraph 3 of the Meraorandum these columns-to consider how far the education dealt out to a February. 1891, and served of. Association, and those objects the Managing Directora olaim to lose, personally, while the Maitland that the report and Mr. Grist:-I understand that everything to gain and nothing myself and seconded by Mr. Chinese boys in Hongkong ie successful in its purpose. That it is

that they are entitled to se m

Company itself stands to lose, in accounts as presented be passed. not entirely successful is a matter of common knowledge. Employers

mission of 10 per cent. upon the any case, part of the interest on Those in favour please hold up of clerical workers, indeed, go so far as to say that it is not even

interest of past earned profits, in possibly part of such profits?

the profita it has earned, and their hands. Those against. moderately successful in repect of the one subject which is of

effect a further commission upon.

Carried unanimously. the same profits?

The Chairman:"I consider my greatest value to the youth who would engage in commerce. He is

Mr. Smith:-Mr. Ühairman, : turned out by his school, the end of a period of years, with some

The Chairmant dependswer to the previous question have the pleasure to propose

the confirmation of the appoint fully covers this question also. knowledge of mathematics, of mechanics, of history and of geogra

upon circumstances. phy, but usable, in the xity of cases, to frame even a letter in

the Managing Directore propose ce ore cause to be amended the Mr. Northcote-I beg to Mr. Gristader the airoam- ment of the Hon. Mr. David Mr. Grist-For the year 1913 stances will the Managing Dir-Landale as director. passable English. Our wa observation and experience confirm this. We have, before now, to these columns, published specimens of the Paris Tuilet Saloon, but

report and accounts? Par- $11,303 58-that is to say 10 por The Chairman:-The Directors of Englieli, by boys who had been seat out as educated by loest i tri ce of the window sinasher agraph of the Memorandum cent. on the sum of $113,935.8% see no reason for the amendment David Landals as director.

has been found. This is not of A-Boci tion and Articles Nos made up as follows:Rents, of the Report and Acoount, nor do collages, which were distinctly weird.

el case for a week ago 88(8) and 90 how clearly that $21.423.25; Scrip fees $7.00 they consider they would be act proposed by Mr. Peroy Smith and That this state of matters should exist is not to be charged on Saturday lust, just about not only was suc's not the inten-Profit on sales, $59,183.30 against the scholars. They, for the greater part, are diligent and nine o'clock in the morning, tion but that it was directly con- Interest account, $45,797.48-ing wisely if they were to recom-econded by Mr. Northcote that persevering to a degree. We have not met a teacher in Hongkong windows that light the premises should catious after the comple-leas expenses (not including ly decline to do so.

mend the payment of a bonus of ne of the the fine plate glass templated that the

that is altogether $125,411 12 $25 a share, and they according who has not readily paid tribute to their zeal. The fault seems to of Messra Watson and Company tion of its Reclamation work, and directors and auditors fees) lie in the system, and we are perhaps not far out in suggesting that was found to be smashed.

Mr. Grist:-Thank you. further that it should deal with $11,475.30. That is a balance of ic-rests on the fact that the Home aystem of education has been too

ite profile in accordance with the $113,035 82. Is not the sum of It there are

The Chairmen-Gentlemen,

no more quest policy heretofore and now adopt $45,797.48 interest on past pro-ions I beg to propose the adoption slavishly followed. There is perhaps no better system ezisol than A smart tiree of t work hared by its Directors; which policy fits, upon which full fees have that adopted at Home, but before it can be successfully applied in been done by the cruiser Mon has always been endorsed by the already been taken by the of the report and accounts as Hongkong, or in any other place where foreign boys are being port from the China Station. As contemplated by Article No.

month, which arrived at Devon-shareholdere in General Meeting Managing Directors?

presented. taught, it must be severely modified in order that it may be adopted Gibraltar the Monmouth took in 97.

The Chairman-No. The Mr. Ho Fook I beg to second as directors.

that. to quit the new conditious. What, after all, is the use of teaching a tow the obenlete cruiser Prome

sum of 845,797.48, is at entire- boy a hundred rules in mathematics and mechanics if these rules thens, and when the vessels left was the large profit made in 1912 though it is in part derived Fook that the report and accounts proposed by Mr. Arcalli and

The Chairman Proposed by that. Mr. Griss:With what object interest on past profits al- myself and seconded by Mr. Ho The Chairman-It has been are couched in terme which he does not understand? Is it possible there the passage to England was carried to a now account? therefrom. In any case it is in be adopted. Those in favour of seconded by Mr. Fyle that Sir. for him ever practically to apply what should be knowledge but is a The run home, however, was funds for the purposes of the that derived from rents Bcd the that please signify in the usual Paal Chater and Mr. J. W. O, [expected to occupy quite a week, The Chairman: To provide the nature of revenue similar to

MARRIAGE.

DEATH.

:

од

Silk Delivered.

The T.KK. Yokchoma Ollien is in receipt of wireless com nunication to the effect that the ilk despatched hence per s.8. delivered in New York on the

SOUZA-On January 21. at No. 9 Helen Terrace, Shanghai, Chiyo Maru on December 22, was

Mrs, Adelaide Romualda Riccie Souza, aged 70 years.

THE TEACHING OF ENGLISH.

mere travesty of it?

22ad inst.

Major R. H. Parker.

,

Major R. H. Parker, Royal Garrison Artillery, has been ap pointed to the command of No. 80 Company, Singapore. Major Parker joined tha Royal Artillery

ro.

with the artillery in the North go very much farther in their West Frontier Expedition, 1897. operation than the form of this 98 including the action of Durgui question would appear to and other affairs of the Tirah Ex-gnise.

Mr. Grist:-Was it at the peditionary Force (medal with Three clasps).

then intention to sell and dispose of the land so reclaimed and the capital amongst the share distributs the profits as well as

holders?

Window Smashing. morning come me threw a stone During the early hours of this

through one of the top window

Smart Towing.

The Chairman-No.

Company

to take fees amounting to

;

the property.

Jut,

Mr. Maitland I have much

second the conärmation of the appointment of the Hon. Mr.

The Chairman It has been

the appointment of the Hon. Mr. Landale as director be confirmed., Those in favour, please hold up their hands. Those against, Car- ried unanimously.

have much pleasure in propos- ing the re-election of Sir Paul

Mr. Arsalli:Mr. Chairman-

Chater and Mr. J. W. C. Bonnar Mr. Fyfe-I beg to second.

Bonner be re-elected directors. Those in favour please hold up Carried unanimously. their hands. Those against,

Education is not a thing which may be hung on a mea like few hours only longer than it

made in four days, and took a business operations of the Comp Menaging Directors are, as has way. Against. Carried, with two clothes. It is something which must be assimilated, which must would had not the Monmouth been 3 of ite Memorandum of Associs to commission thereon under Ar- were Mesare E. J. Grist, and

any contemplated by paragraph been already shown, entitled against.

The dissenting shareholders provide food for original thinking, sad on which the student way

employed as a towing ship.

tion-ench funds to be applied ticle No. 82 previously referred to, N. H. N. Mody. build and become a knowledgeable man.

Latest Advertisements. How are the facts and The half-yearly meeting of might arice

as and when the opportunity

Mr. Grist The Managing

Mr. Maitland-I beg to pro-2- figures and rules which are so steadily and carefully pumped into shareholders in the Hongkong

Directora further propose to carry the re-election of Mr. Gabbay and Hynes as auditor. Shall I state Mr. Hooper I beg to propose pose the re-election of Mr. A. O young scholars in this Colony to contribute toward original thinking and Shanghai Banking Corpora-profit distributed amongst the an accumulation of profits upon

Mr. Grist:Why was not this over a sum of $608,669.57 being Mr. Stellim as directors. the remuneration ? if they are phrased in a language in which the student is unable to tion in fixed for the 14th prox.-sharehollers either, by way of which their fees have already

Mr. Fyle: I beg to second. The Secretory:-No I don't: think? We repeat that the fault is not kis. For the first two

Page 5.

The Chairman: The re-election think it is necessary. It is the Vividend or bonus?

been paid in fall. Do the Manag of Messra Gabbay and Shellim same as before. or three years of his attendance at school or college he should spend the se. Thongwa is issued.--Page son given in the precoding answer, will be justified in charging fur-and seconded by Mr. Fyfs. Those second.

Consignees' notice regarding

The Chairman:For the raa. ing Directors consider that they has been proposed by Mr. Hooper Mr. Carvalho:-I beg to three-fourths of his time in reading and speaking and writing Eng-5;

and in addition with a view to ther fees in respect of the interest in favour please signify in the lish. When his knowledge of the language is rensor ably complete The annual meeting of share ensuring payment of a 7 per cent. hereaftor accruing on this su? usual way.

The Chairman:-Proposed by he may be put to other subjects. That is not to say that he should

Against Carried Mr. Maitland and seconded by holders in the Union. Waterboat dividend in years when no profit If so, is it not manifestly to their

unanimously. Can not read history or geography, for instance, daring thuse first few co, takes place on the 7th pros forward the large sum of $383, of the shareholders, that a large pose there-election of Mr. H. Peroy Those in favour, please hold up Mr. Carvalho. that Mr. A. 0. accrued. It was only by crying advantage, and to the detriment The Chairman-I beg to pro- Hynes be re-elected auditor. years. On the contrary, part of his reading may be in these

Pago 5,

058 73 in 1905, that the Com- part of the profits should be Smith and A.0. D. Gourdin as their hands. Those against. Car or other subjects. But he should be deliberately learning Englishniavský trio open their soson atong was able to pay dividends carried over instead of distributed auditors for the ensuing year at ried unanimously. That is allä and the other subjects only incidentally. We look to have the pre- the Theatre Royal on the 16 h 1908, when no profits were The Chairman: In answer to ment state of matters remedied some day; but we doubt whether that

during the years 1980, 1907 and amongst the aliareholders ? an annual remuneration of $50. the business, gentlemen. Divid- day will dawn until the taxpayers of the Colony realises that in this, ship's doctor is aiverused position arose in the years 19.0 Managing Directors, do consider The Chairman: Proponed by

prox-Page 5. as in other matters, they are not getting anything like vine for

Mr. Sassoon I beg to second end warrants will be ready made from sales, and a similar the first part of the question the that, their money.

for-Page 5.

Aud 1911. You acquired your they will be justified in charging myself and seconded by Mr. Sa

Maud Allan and the Cher-

to-morrow:

(Cortini ed on Page 5.) -