1915-04-30 — Page 5

COMPANY MEETING.

The China Borneo Co. Ltd.

The twelfth annual general mesting of the Ohios Borneo Company Ltd. was held this ronn

COMPANY REPORT.

The Canton lasurance Office Ltd.

A

TRE HONGKONG TELEGRAPH, FRIDAY, APRIL 30, 1915,

+ ''

THE TURKISH BATHS,

Japanese Barbers Sue S. Greenfield,

The following is the report to at the offices of the Company be routed to the shareholders

In the Summary Court, this when Mr. J. W. C. Boanar pre-at the thirty-fourth ordinary morning, before Mr. Justice sided. There were also present meeting, of the Canton Insurance Hazeland, K. Tauchisks, K. Sir Paul Chater C.M.G. and Mr.Office, Ltd., to be held at the Imagawa, M. Suga and K. Ide, W.G.Darby consulting committee offices of the Company, on Mon sued S. Greenfield, as manager of and Mears, A. H. M. da Silva,day, May 10. 1915. at 11.30 the Longkong Turkish Bathe and A.O. Lang, O. Baptista, K. Sayce, am.

Toilet Co. Ltd. for $52, $72, A. Denison and H. W. Kennelt,

$119.98 and. $64.80, respectively, shareholders.

The chairman-As it is past the hour for which this meeting has been called, I will ask Mr. Kennett to read the notice con- vening it.

The General Agents and Con- aulting Committee have pleasure in submitting a statement of the affairs of the Office made up to 31st December, 1914, in Sterling and Hongkong currency,

31

ond of $4 per *share

add to reservo fund bringing it up to £77,000...

add to under- writing suspenso "account...

Mr. Faithfull, for the defendant said one case would decide the point. The question was the right to sue, and if his Lordship

the wrong man. A company was neotion with the Turkish bathe, formed some months ago in cor- and the shores were not subscrib ed for and the company was

DAIRY FARM NEWS.

WE MAKE IT OUR BUSINESS

to give you

BEST VALUE FOR YOUR MONEY."

OUR BUTCHERY

is the Only One of its Kind in the Colony and our

FRESH MILK

and other Dairy Products are unequalled in the East for PURITY & EXCELLENCE,

SUMMER HEADWEAR.

SMART and SERVICEABLE

SUN HATS

From $7.50 each. SINGLE and DOUBLE

TERAI HATS

From $7.00 each.

WHITE FELT AL

TENNIS HATS

$3.00 each. Now Showing at

MACKINTOSH &

"Every Department under Expert European Supervision.

IT WILL PAY YOU TO DEAL WITH US,

16

always under that disability. Mr. PRINCE OF WALES FUND.

$ 40,000.00 Warren, sued the company for

$4000 for baths etc., supplied, and Mr. Chopard, of the Astor

310,887.57 House Hotel, distrained for

Further, Subscription List.

decided in bis favour that the 1913 Account. After paying defendant could not be sued that Gentlemos.The report "and

an interim dividend of $18 per fading would hold good on accounte bave been in your banda share on 19th May, 1914, the the other actions. They had suedi for some days and with your paramount standing to the credit of mission we will take them, togeth; This, it is resolved to deal with this account is $453,129.69. er with the auditora certificate, as read. The not profit for last in the following manner :- year did not fall for short of that To pay a faaldivid for 1913, but I much regret that owing to the existing position of the company we are not able to recommend the distribution of the same dividend. The accounts now before you do not give any

$3,000, due for rent. The business indication of the effect which the

was sold under the kammer, by Liet of subscriptiode to the Prince The following is an additional war is having on the Company's

102,242.12 auction, and three people bought of Wales' Fund received from the business, as we were engaged up

it. He did not propose to say who Hon. Treasurer, Mr. N. J. to the end of the year in complet-

$453,120,69 they were as they had nothing Stabb:- ing contracts which had been 1914 Account.The amount

to do with this case. There was ProDeeds of Fir O. made before hostilities broke outstanding at credit of this account no doubt these men were em- Eliot's lecture at

I am sorry to say that now the is $2,200,687.89. Out of this ployed by the company which was City Hall

business is being the general agent, and conault uow defunct, the whole thing Less hire of Hall end seriously affected and there does ing committee, have declared an having been sold lock, stock, and not seem to be much chance of interim dividend of $18 per

barrel. He did not know who any improvement as long as the bare norbing $180,000. The they were employed by now. Mr. war laata. Business in Braso ia balaaco ($2,020,687.80 will be extremely dull. High rates of carrieu lurward. freight and other difficulties are greatly restricting our trade to Europe and our loos! market here is very weak at present The large oslance we propose to carry forward will assist our resigned their seate on account to-morrow. ficancial position, and later on of their departure from the when normal times retura it will Colony and Mesara. E. J. Chap- be available for the purpose of

сотранув

dividend.

" expenses

***

greenfield was only the manager Lodge Star of Southern because the vendor owed him

Consulung Committee. Since $5,000. He had six hundred the last mesting Mr. C. S. sharea allotted to him. Gubbay has been invited to a

His Lordship said he could not

out on the consulting committee. go into the matter now and asked Mesera. Maitland and Barton the parties to appear in chambers

man and H. P. White were Working account, invited to fill the vacancies.."

The Hon. Sir Paul Custer, CM.G.,, tion. Mr. E. Shellim and Messrs. D. W. Craddock, E. J. Chapman, B. P. White and O. S. Gubbay retire, but being eligible, offer themselves for re-election.

Auditors. The accounts have been audited by Messrs. H. Percy Smith F.C.A., and A. K. Lowo, F.O.A., who, being eligible offer themselves for re-election.

JARDINE, MATHESON & CO., LD.

The accounts appearing under the beading of sundry debtors, and stooks and materials, show ocneiderable increase over the figures of the provious years: These increases are due to the effects of the war, and I do not think they need exúce any unean nees. There is no need for share holders to take too gloomy a view of our prospects. It is trae the position at present needs careful watching, bus we are assured on all hands that we may look, for a strong demand for all classes of timber as soon as peace is de clared, and we propose to continué our operations is usual and to cat and store timber in Borneo against Commissions the time when we have overy Balance reason to hope the Company's

business will reassume its norinal

courge.

ין

General Agents. Working Account, 1913. On 318 December, 1913. Lonas, and claims

paid Oburges

.59 per balance abeet

Before proposing that the report Net premia receiv-

and accounts as presented be adopt-

ed, I shall be pleased to answer

ed, less returnge

$1,092,725.00

1913,

28 per Atatement

140

Less interim divid- $633,129.60*

end at $18.00 per share paid on 19th may, 1914.

180,000.00

Working account, 239,884 179. Id.

1914, as per state-

Kent,

China No. 2013 E. C. Canton, addi-

tional subscription per T. F. Hongh, D.G.M.

WAR ITEMS.

Glasgow-Hospital in an Art Gallery.

decided to give their art galleries The Glasgow Corporation have at Kelvin-grove to the military authorities for use as a hospital for wounded soldiers. The galleries will accommodate 500 beds. The pictures are to be transferred $111.00 immediately, and the building, which cost nearly $250,000, ia to 40.80 be closed.

$70.20

100.00

· Mr. R; D. Harvey's Fand. Collected by Mr.. H. Marray

Bain, March:--

Prisoners is Engload, Nearly 1,000 German prisoners, many of them captured in" the fighting round Neuve Chapelle, left Southampton recently for Dorchester.

The men were on the whole sturdy, well fed, warmly clad, and. soled knee boots. remarkably well shod in heavily

Several had khaki caps of wool, 15.00

and many wore khaki scarfe, 15.00 They were of all ages and repre- 5.00 Bented a dozen different regi- 3.00

ments,inolading Pussian Guards, 5.00 The prisonera were obeerful, 5.00 evidently preferring British hos- pitality to British bayonets, and as they marched through the town under military escort chatted among themselves and ignore I the|

Mr. H. M. Bain

...

W. A. Donaldson

W. S. Batcock

11

11

W. F. Knapton........

E. Seth...

か

13

G. Harper

Collected by the Victoria

48.00 Dis-

pensary:-(April)

Mr. J. H. May

10.00

43,129.09

Mr. A. Kerr, 8/3

"Liangchow

£103,706 7. 81. 2,200,887,89

£540,85 13.10.

Assets,

count and fixed deposits

99,804,20 Cash on current ac- 216,377.62

633,129.69

$2,041,837,56

and re-insurances 2,414,757 54 226,088.74 98.28

any question which shareholders Interest

may wish to ask. There being Transfer fees no questions I beg to propos

'that the report and acosuats ar

presented be adopted.

IL

01

Mr. A. P. Nobba, Capt. E, S. Crowe... Mr. D. C: Wilson... Capt. J.S.Lswingdon

"E. W. H. James

Lewis Guy

F. W. Stapleton

$6,212,406:43

D

#

31

J. R. Capell

13.

F. Rapp

;. A. W. Gibbs.

with

banke £87,274

38. 2d,

$991,517,67

Already acknowledg

cd.Liste 1/29

Gold investments :-

British, Indian and

Colonial Govern- mest bonda and Blocks,. £47,188

18.5

$2,641,837.56 Foreign

Working Account, 1914.

Mr. Buyco :-1 beg to ascond On 31st December, 1914.

that.

The chairman:-Proposed by

Losses and claims

paid

+12

... 1,136,837.79 113,028 70

myself and seconded by Mr. Sayce Charges

presented be adopted. Those in Balance as per bal-

favour please signify-against-

Baсe sheet

carried unanimously. The next

business is the election of a mem-

"ber of the consulting committee, Not premia receiv..

Mr. Lang:-1 bave much pleaed, loss returne Bure in proposing that the Hon. andre-insurances 3,495,646.17 Sir Paul Unater be re-elected to Interest

Govern- ment loans, £64,- 913.3.11 British, Colonial & Foreign Railway, Municipal & Port Trast bonds and stocks, £71,526

300

+

035,883 58 Monthly. Subscrip

crowd.

4:60

"Indians Avenged. 5.00 Nauve Chapelle was a day long 5.00 to be remembered by the Indian 4.00 troops. Patiently they have waited 2.50 their chance to avenge the blood 5.00 of their slaughtered comrades. 5:00 The day came whoa the encirol- 5.00 ing wings of two divisions caught 5.00 the Germans in the village of 5.00 Neave Chapelle and delivered 2,50 them into the bands of the on-

rushing Indiane.

58.00

It was the kind of fighting the men from the mountains under- $275 80 stood and enjoyed. They went forward fearlessly, regardless of 240,432.14 all resistance and took a terrible revenge. Never again will the C240,708.84 German troops treat lightly the

men of the Indian corpe!

tione..

830.00

737,475 37

Already acknowledg

ed Lists 1/29

.39,046,33

39,882.33

812,611 46

that the report and accounts as Commissions -293,707.15

**** 2,200,687.80 19

Silver Investments: $3,744,850.53 Foreign, Govern- ment loane, 81- 181.17.11 Mortgages, loans and debentures, €187,890.9.7 Other investments,

£17,288.10.4 Agency balances,

£83,223.6 2 Accounts receiva ble, €6,350.19.7

the consulting committee.

Mr. Baptista beg to second |- that.

The chairman: It has been

proposed by Mr. Lang and sec

onded by Mr. Baptiste, that Sir!

Transfer fees

249,115.38 98.00

$3,744,859.53

Balance Sheet. On 31st December, 1914.. LIABILITIES.

-----* 10,000

Paul Chaler be, re-elected to the capital.

consulting committee. Those in Shares of $250 · " favour-against-carried unani-each $2,500,000

mously. The next business is the.. re-election of the auditor:

Mr. Bilva: I beg to propose

that Mr. C. Beraard Brown be

of which $50 per share has been paid up £44,010

.84.

**

13,401.54

Remitted to Londor:

22/12/14 £17,000 at 1/9.5/18 20/3/15 £7,000 at 1/91 Bud 1/10

Balance in Land

TO-DAY'S ADVERTISEMENT,

G.

R.

$230,601 27 PUBLIC WORKS DEPART-

MENT.

It is hereby notified that scaled tenders in duplicate, which should be clearly marked "Ten- 268,174.61 der for Lease of part of Old Supreme Court Building," will. $12,410.00 be received at the Colonial Recretary's Office until noon of 1,907,394 79

Monday, the 10th day of May. 1915, for the lease of certain 196,413.01

rooms on the Ground and First accounts of the Company at the Floors of Old Supreme Court 935,495 57 Head Office with

the Building from 15th May to 31st books and vouchers in Hong- December, 1915, subject to certain 72,153.14 kong and returns received from tained at the Office of the conditions which can be ascer- the various agencies for the year Director of Public Works. £546,821.3.10 ending "31st December, 1914. Each tender must be accom- We have also satisfied ourselves panied by a receipt to the effect $6,212,406.43 as to the existence and value of the that the tenderer has deposited N.B.-Investmente

securities for investments, cash in the Colonia! Treasury a sum .$500,000.00 London Stack Exchange securi at bankers and on mortgage to of Five Hundred Dollars ($500) ties have been taken at the values the amounts specified. We have as a pledge of the bona fides of 1,700,004.00 on 31st December, 1914, certified obtained all the information and his offer, which sum shall be to by the Company's London explanations we have required forfeited to the Crown if the ****585,774.78 share brokers except in the case and, in our opinion, the above tenderer refuses to carry out his of those stocks in respect of which balance sheet is properly drawn tender and comply with the the value laken is the minimum up so as to exhibit a true and should the tender be accepted

above-mentioned conditions, price fixed by the Government. correct view of the state of the Form of tender and further 299,512.76 Other securities have been re- Company's stairs according to particulars can be obtained from valued as usual at prices current the best of our information and the office of the Director of on 31st December, 1914

the explanations given to us and Public Works, Sterling exchange taken at 1/9 as shown by the bocks of the The Government does not bind

JARDINE, MATHESON & Co. Ltd.

itself to accept the highest of any tender.

W. OHATHAN, Director of Public Works

élected auditor at a remuneration reserve faad, £140,-

835 4.8, of $250 per annum.

Mr. Kennett-I beg to second re-insurance fund, that how

851,560 7.8. The chairman: Proposed by investment and ex... Mr. Silva and seconded by Mr. change factus- tion account, Kennet that Mr. O. Berosid Brown be elected auditor for the£20,303 7.3. ensuing year at a remuneration of anderwriting $250. Those in favour please -carried up signify ogainst enimously That:

(Diaz-all the business gentlemen, thank you for your attendance. Dividend will be read and can be had on accounts payable, application at the office to-morrow £7,781, 18,7,

Bu- apenae sccount, £31,923 12.1. ancollected divid..

ends $1,954 18.10.

362,682.30

22,210.00

General Agents

Company. ZAH, PERCY SMITH, FCA,

Anditore

P.OHATER, Member of Consulting AR. LOWE BOA,

E SHELLIM Committee G

Auditors Report We report

88,408.05 that we have examined the Hongkong, 28th April, 1916, Hongkong, 30th April, 1915,

Men's Wear Specialists.

COM

LTD.

16

LTD.

DES VOEUX ROAD

WM. POWELL,

TELEPHONE 946. NEW STOCK OF

SMART VOILES

ZEPHYRS

AND

DRESS LINENS

FOR

SUMMER WEAR

J. ULLMANN & Co.

The French Jewellery House.

Grand Assortment in

WRIST WATCHES.

PRICES RIGHT. “

A DIAMOND MERCHANTS we are LEADING in the lat.

COLLARD

&

COLLARD'S

RENOWNED PIANOS

BRITISH MADE THROUGHOUT

Eight of which have been supplied to the

s.s. AQUITANIA,"

(BRITAIN'S LARGEST LINER).

NEW MODELS JUST ARRIVED.

ANDERSON MUSIC Co., Ltd.

6, DES VŒUX-ROAD,

TEL:1322.

Royal Blend

BLEND WHET

Whisky

Fit for a Prince

Mouse Where's that dd cat now.

OLE AGENTS

CANDE, PR CE & CO., LTD.,

WINE MERCHANTS,

6. Queen'

Tel. No. 135.

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