1915-02-09 — Page 5

COMPANY, MEETINGS.

The Union Waterboat

Co., Ltd,

(VERBATIM.)

THE HONGKONG TELEGRAPH, TUESDAY, FEBRUARY 9, 1915,

present:Meaars. R. Shewan, P.sion of the Wing Lok wharf H. Bolyoak, B. W. Looker and $4,786,00.

DAIRY FARM NEWS.

FISH.

WE HAVE RECEIVED A NEW SHIPMENT OF

SELECTED FINNAN HADDOCKS,

FILLET HADDOCKS

All Well in the Suez.

AND

KIPPERS.

TO-DAY'S ADVERTISEMENTS,

Ho Tung, directors; W. E. Clarke, Valoe of shares in public com- Searetary Messrs. M. S North- panies has been reduced by enle cote, F. Maitland, J. W. Bolles, (of 8292,465:50 in order to repay H. Sohluter, Ho Fook, J. Warren, the balance of outstanding loan of | D. Macdonald, C. Pemberton, and $190,000 with the Hongkong A..O' D. Gourdin, ahareholdera. and Shanghai Bank and to defray The Secretary having read roost of new wharves at Canton The tenth annual general meet the notice convening the meat and balance of coat of extending the Obstrman said, the Wing Lok wharf, as already ing of the shareholders in the ing, Union Waterboat Co., Ltd., was Gentlemen,-lt is with feelings mentioned. held at the cffices of the general of great regret that your directors In the adjustment of the Fluo managers, Mesare. Dodwell and record the death of their Inte tuation Account an amount of Co., Ltd., this morning, when Nr. colleague, Mr. G. Friesland, $20.772 has been debited to that S. H. Dudwell presided. There which cecurred on the 12th of food, which now stande at oredit were also present Messrs. J.March last. The annual report $107,911.90.

Loans on mortgage remain the W. C. Bannar, and R. Shewan, and statement of accounts, with directors; Mestra. A. Skelton, J. anditors' report attached, having same, $187,000, as at last meeting, Owen Hughes, T. G. Well, A. E. heen in your hands for the usual and the properties have been Crapnell, G. R. Edwards, A. period, I will, with your permiss. sarveyed and re-valued by the Ritchie, T. Kusumoto, J. Jonek-ion, take them as read, The Company's surveyors, lesere. beer, I. 8. Bond, absreholders; very poor resalt of the year's Palmer and Tareer. The loans, satisfactory and G. Morton Smith, Secretary, working can be accounted for by advanced show a

The Scooters having read the beavily increased expenditure in margin of safety, with one ex- notice convening the meeting, the indurance rates, al supply, caption. With reference to this Chairman said: -

portage bills, due to low ex-particular proparty, 1 am.DOW Gentlemen,The report and change, and extra cost of carrying pleased to tell you that it has accounts having heen in your out the provisions of the Piracy been disposed of and the full

Prevention Ordinaces. These advance recovered. banda for some time, I propose,

The income from investments ARCADIA'S PASSENGERS. with your permission, to take inoreared expensea have been them as read.

coupled with severe competition has automationlly decreased by The profits for the rear under on all lines throughout the year, reduction in investments to meet review amount to $58,048.03 aid complete cessation of all the cost incurred in the natural against $04,744.03 for the pre- cargo morement since the com-line of our business The steamer vious year. The falling of mencement of hostilities inAngast, Taishan bas fully justified and is due to the loss, since the as well as a large decrease in pass-maintained our beat anticip- Asalarge number of passengers commencement of the war, of onger traffic, due to the same ations.

left Hongkong homeward bound With a return to nrnal time by the B.e. Arcadia on the 10th German ateamore cause' and the restricted move- supplies to and to the withdrawal for mints of river steamers by the and conditions of trade, I hope the ultimo, traushipping to the es. the ing ati amato Government purposes of boats port regulations. The military Company will resume its former Maloja at Colombo, it may be of Des Voeux Road Central, First belonging to some of our regular defence scheme for the Colony position of moderate prosperity interest to our rendere to know Floor, lately occupied customers, which we can only necessarily created there restric and, to that end, the abareh-lders that the Hon Mr. E. A. Hewett, hope will be returned to their toss, which have forced as to my rest assured of the full sup: Superintendent of the P. and O. regular trades as soon as possible, adopt schedules of sailings and port of your directors. For the Company in Dongkong, received A few of them, I may say, hayo rivale quite unedited to our ensuing year I am pleased to tell this morning a telegram from the already been returned. In the trude, with the result of paralge- you that we have already been Company's Agent at Port Said circumstances Llcel sare you willing the passenger traffic on the enabled to make some

very stating that the Malejs was then approve of the course we récom Canton line nad diverting it satisfactory reductions in cost of the Canal and all well.

the railway. The oral, premium on marine inear- mend of carrying forward a larger toward

been taken ance of our fleet on on other som them usual to the next subject has

up by your Board and representa items of expenditure. accopat,

Your property has been well tions have" Leen made by the Ia conclusion, I would remind kept up during the year out of Chamber of Commerce to the you of the past years of pros current revende, end no damage Government asking for some perous working, when you were haa necessitated our encroaching remedy where possible. There in receipt of very satisfactory on the special repairs or insure a decrease in the number of dividende while other steamship ance funde, I am pleseed to be passengere carried by the steamlines Tere working at a loss.

I cannot call to mind anythingviding that the forces in the able to report that one of your era of the jint service on the oldest wooden boats was sold last Couton line of 164,045, making else calling for special mention, Colony eball bo subject to the year at a satisfactory price, and ala tolol of 270,463 on the Canton, further one has since been dis-Hongkong and Macas and Macao- posed of this year. A new boat Canton linen compared with the was ordered in the early part of figures for the year 1913. the year and will be completed in about two months' time. year, till May, the Chinese section Your investments have been of the Canton-Kowloon Railway written down in accordance with was accepting Canton notes at the usual practice, and it is face value, with the result that

༄#

shall be pleased to answer to the best of my ability any questione you may desire to ask.

From the commencement of the

!!

"

WAR PROCLAMATION.

A Proclamation issued by His Excellency the Governor to day renews for a further period of three months the declaration pro

but should any shareholdere re- Army Act. quire any further information,

shall have much pleasure in answering any questions.

There being no questions I will therefore now propose that the report and statement of recounte as presented be passed,

Mr. M.S. Northcote, in second-

At Chinese New Year. "Yes," said the world traveller, "the Chinese make it an invari able rule to settle all their debts on New Lear's Day.".

"So I anderstand," and the American bcs', "but, then" the Chinese don't have a Christmas the week before." Ladies' Home

Journal.

Mr. W. HI.

|

PUBLIC AUCTION. THE Undersigned has received Auction on

instructions to soil by Public

THURSDAY. February, 1915, com-

by P, Soffietti & Co.) A Quantity of Office Furni-

On view from Wednesday, the

ture, oto, etc. 10th inst...

Terms: Cash on delivery.

GEO. P. LAMMERT,

Auctioneer.

HONGKONG HORTICULTUR- AL SOCIETY.

ANNUAL SHOW.

The Flower and Vegetable |

Show will be held on the 4th and 5th March in the Botanic Gardens.

Intending Exhibitors should sand their entry forms to the Hon, Secretary not later then 25th February. Cupiss of Rule. and Schedules may be obtained from the Hon. Secretary. F. HOWELL,

10 Des Vœux Road Central.

· TO LET.

O LET-Nice Flats of To

ROOMS, in Kowloon; suit-

able for Europeans, Airy, in good locality, Electric Light, Water,

Bathroom, Kitchen. Moderate rent, varying from $20 to $35.- Telephone accommodation. Also furnished Rooms. Apply H. Ruttonjes. Royal George Hotel,

BEN" LINE OF STEAMERS.

NOTICE TO CONSIGNEES.

Steamship

THE

** BENVENUE," From LEITH, MIDDLESBRO, LONDON & STRAITS. "ONSIGNEEE of Cargo are

Cereby informed that all Goods are being landed at their risk into the hazardous and/or extra hazardous Godowns of the Hongkong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wharves delivery. may be obtained.

"..

satisfactory to role that their book Chinese could travel to Hongkong lug, Raid-While we all deplore value to-day is below the present free and, by selling the return the unfortunate result of the past ticket, make a profit in the trans-year's working, I am enre we market value,

I think, gentlemen, there is action. Our loss in exchange of raaliso the ex'raordinary diffical- nothing more for me to say, but subsidiary coins amounted to ies with which our management before proposing the adoption of $80,866.30. This is a very lean have had to contend and have the report and accounts, year, so you may imagine what it every confidence that with the accounts have been audited by

would have been if the earnings cecution of the war the fortunes Mr. T. Maitland. had been normal. Under clause of the company will quickly Potts having resigned, the Direct- 2 of the Commercial Treaty with regain their normal condition. ora recommend the election of There being no questions, I beg Chips, aigned at Shanghai on the have much pleasure, then, in Mr. F. Maitland in his stead. I to propose the adoption of the re- 2nd September 1909, the Chinese seconding the adoption of the bave much pleasure in praposing Government undertook to reform report and balance theot as the election of Mr. Maitland us port and accounts as presented.

Buditor. Mr. Owen Hughes:-I have their currency, and until they presented.

The Chairman:li has been

Mr. Holyoak have much much pleasure in seccading the redeem this andertaking I can adoption of the report and ac- see no prospect of any permanent proposed by myself and seconded pleasure in seonding,

The Lliairman: It has been counts, and I think we might improvement which will prevent by Mr. M. S. Northcote that the congratulate in particular the a repetition of such losser. In report and accounts as presinted proper by myself and seocoded general managers on the very operating the Kongmoon line, in be passed. They are open frdis by Me 1 oak that Mr. F.Maitland Batisfactory report which they have order to check a few opposition cussion. Teose in favour, piense beleid auditor. All in favour? presented as this meeting, con- on the Canton line, the Company signity in the usual mauer. Against ? Carried.

Against? Carried unanimously. The Chairman: The retiring sidering cne-third of the year has incurred a serious lo38,

The Chairman:-Tċe Owing to the floods up country been under war conditions.

next auditore, Messrs. A. O'D. Gourdin The Chairman:-Well, gentle-and the unsettled condition business is the confirmation of and F. Maitland, offer themselves

No Claims will be admitted men, I have proposed and Mr. existing amongst the people gen- the appointment of Messrs, 11. W. for re-election. Owen Hughes has seconded erally, the West River joint ser Looker aad Ho Tang as Directors. Mr. Ho Tong. I have much after the Goods have loft the Go- the adoption of the report vioes have been maintained at a

Mr. Maitland:-I bave much pleasure in proposing the re-downs, and all Goods remaining and accounts" as preser ted loss during the year. Turning to pleasure in proposing the con-olection of Messra. A. OD, undelivered after the 16th inst.

will be subject to rent. Those in favour please signify in the accounts, you will notice that frmation of the appointment of Gourdin ard. F. Maitland aa the usual manner. Those against? Profit and Loss Account alors a Messrs. H. W. Looker and Ho auditors for the sosuing year at

remuneration of $40 each. Carried unanimously. The only debit balance of $12,604.27, which Tong as Directors,

Mr. Northcote:-I bave much Mr. Bolles:-I beg to oond. other business, gentlemen, is the we propose to carry forward. Your

directors recommend that

Toe Chairman: The re-eleo- "Te-election of an auditor,

a pleasure in seconding that. Mr.. Weall-I beg to propose dividend of 40 cents per share, or The Chairman:-The confirm-tion of Mesars, A: O'D Gourdin that Mr. A. O'D. Gourdia be $32,000, be paid out of Equalisation of the appointment of Mesare, and F. Maitland as anditore for re-alented auditor for the ensuing tion of Dividend Account. This, H. W. Looker and Ho Tung as the ensuing yest, at a remunera year at a remuneration of $100. with the interim dividend of 50 directors has been proposed by tion of $400 snob, has been pro- Mr. J. W O. Banat:-I beg oente, or $40,000, dlrandy "paid, Mr. F. Maitland and accoded by posed by Mr. Ho Tung and makes a dividend for the year of Mr. M. S. Nor beote. Those in secr ndad by Mr. Bollen, Those to second that.

The Chairman:-It is proposed 6 per cent. The audited accounts favour please signify in the asnal in favou? Against? Oarried. by Mr. Weall and sounded by Mr. for the 1st half of the year's manner. Against? Carried an Bonnar that Mr. A. O'D. Gourdin working showed a profit sufficient animously.

The Chairman: In accordance be re-elected auditor for the to warrant your Board in paying ensuing year at a remuneration the interim dividend mentioned, with the Articles of Association, I of $100. Those in favour? The provision made from the retire from the Board by rotation. Againet? Carried unanimously. 1913 account to meet the cost of Mr. Holyoakaleo retires, but, being The Chairman: That is all the the extraordinary repairs on the eligible, we tffer oar elves for businesa, geo:lemen. Thank you steamer Honam was well founded, re-election.

Mr. Maitland:-I have mach for your attendance; dividend and the amount has been debited

to the Fund mentioned.

pleasure in proposing Mr. Lon warrants are now ready.

The value of steamers has been dale and Mr. Holyoak as directora. reduced by the amount of 855, Mr. Northcots-I have much Honkong. Canton and Macao000, as provided for tands at

at the last pleasure in seconding that. meeting and now

The Chairman: The re-election Steamboat Co., Ltd. $1,357,000. Value of wharves, of Messra, D. Landale and P. 11. The annual meeting of share hulks and moorings, after writing Holyoak has been proposed by holders in the Hongkong, Canton down $5,000, has been increased Mr. F. Maitland and seconded by and Macao Steamboat Company, by additional cost $21,247.84 of Mr. M. 8. Northonte. Those in

a

The Chairman:-That is all the business, Dividend warrants are now ready and may be had on application. I thank you for your

ttendance,

TO-DAY'S ADVERTISEMENTS,

WANTED. WANTED. — Bowen

Road

love), furnished or unfure ised flat, or small furnished house, Letters to be addressed B.O c/o "Hongkong Telegraph,"

WANTED.

11 a.m.

affected.

All claims against the stoamer. must be presented to the Under- signed on or before the 23rd Feb. or they will not be recognized,

All broken, chafed, and damaged | Goods are to be left in the Go- downs, where they will be er- amined on the 16th inst., at No Fire Insurance has been

Bills of Lading will be counter- signed by

GIBB, LIVINGSTON & CO.

Agents. Hongkong, 9th February, 1915.

HONGKONG, CANTON and MACAO STEAMBOAT Co., Ltd. NOTICE TO SHAREHOLDERS. The Final Dividend of $0.40 per share, declared at the Ordinary Annual Meeting of Shareholders, held This Day, will bo PAYABLE at the Hongkong and Shanghai Banking Corporation, on and aftor Tuesday, the 9th February, 1915.

Shareholders are requested to apply to the Office of the Com- pany for Warranté. :

ned, was held at the office of a jointly-owned wharf at Canton, favour? Against ? Carried Wsteno-typist sooks tempor Directors,

ANTED Experienced lady

the Company, Hotel Mansions, at balance for esat of the Company's unanimonsly. noɔn to-day. The Hon. Mr. D. day boat wharf at Canton $2,384.-

ary or permanent position:--

absence of Mr. W. H. Potle, the Telegraph."

Landale preaided, and there were 14 and balance of cost of ext! The Chairman During the Apply Aco

Hongkong

By Order of the Board of

W. E. CLARKE,

Hongkong, 9th February, 1015

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