COMPANY MEETING,
The Hongkong, Canton and Macao Steamboat Co., Ltd.
The Chairman:-As it.is past the hour for which this meeting has been called, and so there in quorum pressut, I will ask the Secretary to read the notion den. vening the meeting.
THE HONGKONG TELEGRAPH, TUESDAY, FEBRUARY 13, 1917.
Government 8 per cent. War CHEATING COMPRADORE, Loan. This latter amount your Board decided to invest to meet the liability of the Company's St. Provident Fund, which smonated to $44,98187" at the clore of the year, and is included in sundry creditors.
I
Scales Daliberately Falsified.
DAIRY FARM NEWS.
JUST RECEIVED
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IN EVERY WAY SATISFACTORY. Obtainable only at
ferefore do not fect the Frofit may, ball's poood would only SPLENDID FLAVOUR. MACKINTOSH
A particularly deliberate [VERBATTH.}
The depreciation in shares în attempt to cheat the public was The ordinary sunnal meeting of tablic companies in 2000noted brought to light before Mr. C. D. shareholders of the Hongkong, for by the rice in erchange and, Melbourne, at the Police Court Canton and Macso Steamboat in consequence, large, disposals this morning, when a compradore, Company, Limited, was held at the on the local market by Home in-who, it was stated, has premises office of the Company today. The restore. Certainly the fall in in Arcenal Street, and whỏ dces Bon. Mr. P. B. Bclyoak presided, Tales is not due to paucity of a big basices with Europeans, and those also present were:-- earnings on the part of the was charged with having in bis The Boc. Mr. C. E. Anton. Companies we bare investments (abop faulty so les. Mesara. R. Shewan, H. W. Looker, | 19, and, therefore, m Inspector Terrett said the 8. H. Dodwell, Sir R. Ho Toog
incliced to think it is man had a pair of European (Directos), with Messrs. Only a temporary drop. However, scales in the shop, of the regietar Hughes, M. 8. Northcote, C. E depreciation and appreciation type, and it was plain that the Warren, G. C. Moxon, 4. Shelton work automatically by means of workings at the back had been Hooper, P. Tester, (barebolders), our Fluctuation Account and deliberately re-adjusted so that, and W. E. Clarks (Secretary),
the
flactanted between $32,000 and ***
nd Loss Account, which has register seven ouncer. The $132.000 during the last ten years Europeans and was sitasted in largely patronised by and will continue to do so with Arsenal Street, where the other the rise and fall in share values.shopkeepers gecerally visited The amount paid for repaire to the Police Station periodically The Secretary having the notice, above the average of former years man had never done so.
steamere, lighters and wharves is to have their scales tested. This The Chairmen said; the end is due to increased charges... annual report and statement of; accounts, with auditors' report steamer Honam had to be debited The cost of special repairs to the attached, having been in your 10 Profit and Lore Account ca hande for the usual period, I will, recount of the funds for the par-
Volunteer Reserve Order. with your permissier, tako them as read.
pose being insefficient,
Order No. 10, issued to-day by foreign staff generally is part of a HK.V.R., states:-
The bonus recommended for the Major Wakeman, Commanding promise meda by your Bosed, The following members will at- Masketry: when, about the middle of the end at King's Park Range on es her bed to consider the quer- Friday the 18th inst, at 2 p.m. tion of increased emoluments to (Drean: drill order) :—Sergt. A. You will be pleased to know the shareholders will esnction K. W. Bein, F. A. Coleman, T. the floating atɛ#. I feel sure Charlton, Ptee, W. L. Leask, this bozas when they remember Oliphant and P. H. Rolle. the extra work and riske taken during the troubleus times in the neighbouring provinces.
The result of the year'e work ing under review will, I hope, be considered satisfactory by the shareholders, and I trust that the appropriations recommended will meet with your approval.
any
.
A fire of $10 was imposed.
that all cases of litigation pending with the Sea Yap Steamship Co. in connection with collisions were settled amicably in the early part of the year, without financial loon to your Company.
I so pleased to say that there invested surplus funde in the Our trade and passenger traffic
has been a considerable reduction | Home and Hongkong Govern- returns were very poor in the in the lose caused by the exchargement stocks and War Loans. This
of subsidiary coine daring the ie not only a found, but also beginning of the year, but about April, owing to the political The figures, $72,670.18, must, to the bonus to be paid to the flost- last three months of the year, patriotic, act to do. With regard troubles at Canton, our earnings however, still be considered aing staff. I am sure that I sm from passenger traffic began to improve until August, when there heavy tar on our working. voicing the feelings of the share-
was a slight sal-back, due to the the cost of nearly all supplies, our thanks.
The tremendous increases in holders when we express to them |
I do not think the cholera scare. This improvement and more expecially coal, have fosting staff at any time have affected all lines operated by your Company and was due compelled your Board to take had more strenuone time than conservative view with regard to during the past year. Thoneands
TO-DAY'S ADVERTISEMENTS.
J. T. SHAW
TEL. 692
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HONGKONG HOTEL BUILDINGS.
TO-DAY'S ADVERTISEMENTS,'
WANTED.
Boundness reflecta great credit upon WANTED-Position
BS
to the general unrest through the dividend, and I am sure this of passengers have been carried ont the Province of Kwangtung policy of emotion
will Freight receipts during
not up and down this river, sad, I this
fail to commend delf period of
to believe, without any accident or unrest Daturally declined, and, for the whole year, coguiss
you. Shareholders will readily diameter of any kind. That
the Cantos expuris, as in the two of conserving oor
resources them, and I think the Com-1257 Hongkong Telegraph."
Ehip's Cook Apply Bex previous year, showed big when you consider the fact that, pszy is to be congratulated decrease compared with pre-war unlike coastwise and occan ship on having such an efficient - years. Daring the same periode, ping, tonnage in the river trade ing steff. The same, I am sure, Lowever, we obtained an it oressed share of native exporta, owing to
is far in excess of ordinery re-may be said for the offics at f. the cessation of junk traffic.
There have been very critical quirements. In June last, Four Directors In reviewing the figures for the times to go through, sad I am profitably disposed of the wooden past ten years, it will be seen are the shareholders greatly ap toomer Liai Sang, as she had that during that period, in spite preciate their services. I do not reached that age and condition of strenuous competition and thick there is anything elee that requiring large outlay in repairs fair share of serious" visitations" can profitably say, and I will in the nature of typhoons, jost formally second the proposal On the 7th November last, the pestilence, foods, famine and that the report and accounts as
ever-recarring political diatur presented be passed.
The Chairman:-Gentlemec,
and renewals.
her usual un
on the Macao.
or
Mr. Northcote :-I have much
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NOTICE TO CONSIGNEES.
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TEL. 468 ALEXANDRA BUILDING."
TO-DAY'S ADVERTISEMENT.
ss. Sai An, after having com-bances, we have written down the pleted repaire and general over-value of steamers and propertiesThe meeting is now open for THE Steamship bsul, departed for Macro to renume over $410,000, added to In. discussion, any questions Canton Line, when, early on the $90,000. carried to Special the Board. There being no having arrived from the above, Saracce and Depreciation Fand you may wish to put before following morning, a fire was Repairs Fund $150,000, invested questions, I now bag to put the port. Consignees of cargo byt discovered on board which spread over $850,000 in caw tonnage accounts as presented be passed, Goods are being landed at their motion that the report and her вге notified that all with great rapidity and complete and $160,000 in new whares, which has been proposed by risk into the hazardous and/or ly destroyed the Baper and distributed in dividenda,
traolare. Fortunately, the Macao over a million and half dollars.
myself and recorded by Mr. Owen extra hazardous Godowns of the Government Fire Brigade was I do not think there is anything
Hughes. Those in favour kindly and Godown Company. Ltd. able to render auch valuable aid else in the balance sheet that re show in the canal manner. On the whence and/or from the Wharves Hongkong and Kowloon Wharf ao to save the vessel from total quires special mention, but should contrary ? Cerried. unanimously delivery may te obtained. destruction. For this service]
Mr. Shelton Hacper:-I beg to any shareholder desire to ask any
Goods not cleared by 18th] the thanks and appreciation of farther questione, I will answer propose the re-election of Sir February, 1917, will be subject to|| this Company have been convey to the best of my ability, after the Robert Ho Tang and Mr. S. H. rent. ed to the proper quarter. The adoption of the report and state. Dodwell as directors for the can- All broken,chafed and damaged | underwriters prom pily settled carment of accounts has been pro- ing year.
packages are to be left in the claim on a lump-sum basis, which posed and seconded. I now beg
Godowns, where they will be ex- enabled your Directors to enter to propose that the Direstere pleasure in seconding.
amined by Messrs. Goddard and into a contract for the reconstruc-report and statement of accounts
Douglas on the 17th February, tion of this vessel's superats nation for the year ended 31st December, to re-elect as directors Sir Robert
The Chairman:-The motion 1917, at 10 am- on more modern lines, the extra 1916, be, and the same are, hereby Ho Tang and Mr. Dodwell has must be presented in writing Claims against the steamer cost of which (estimated at about adopted. $60,000) will have to be on-
berm proposed by Mr. Shelton within ten days after arrival of sidered in this year's working, men,-I have very much pleasure 8. Northcote. Those in favour,
Mr. Owen Haghes:-Goutle Hooper and seconded by Mr. M. steamer, otherwise they will act THE and the completion of this work in seconding that the report of kindly show in the usual manner-fected by the undersigned in any
be recognized.
No Fire Insurance will be ef. may be expected shout the end the directors and the accounts, as On the contrary? Carried anani- of April.
presented, be adopted. There is monely. I now beg to propuse case whatever. All the vocale have been pat very little for me to say, I think, the re-election of Mesere. Bernard tersigned by through their aunual surveys and | in addition to the very interesting Brown and A.R. Lowe, as auditors general overhauls, including report which has just been read for the ensuing year, at a remao- special rapsira and renowala to by our Chairman. It is indeed eration of $400 each. the steamer Honam. All are now a very interesting record of the Mr. Moxon: I beg to second. in good working order for the Company. The results, I think, The Obairment has been current year.
shareholders will consider as proposed by myself and seconded Turning to the balance sheet, eminently antiafsotory, in view of by Mr. Moxon that Mosers, you will notios loans on mortgage the great anrest in this part of the Bernard Brown and A. B. have been reduced by $95,000, as country during the past year. Lowe be re-elected auditors THE interest and responsibility for the your ending $1st Decem your Board did not deem it good especially the cutting off, to such for the'ansaing year ata_remun- of William Walter Edwards | ber, 1915, and electing a Consult policy to continue holding such a large extent, of the export trade, aration of $400 anh. Those in in the firm of Walter Ford & Co. ing Committee and Auditor mortgages any longer.
No doubt there are some who favour of this resolution kindly Commission Agents. 8, Queen's The TRANSFER BOOKS of This amount, together with other might have expected larger divi- show. On the contrary 7 Garried Road Central, doused on the the Company will be ULOSED surplus fands, has been invested dends, but I feel sure that share unsaimously. That is all the which data be by muisal consent ruary. 1917, until FRIDAY, the Sipt day of August, 1916, on from MONDAY, the 19th Feb- in first-class local securities, also holders will most cordially endorse businew, gentlemen; dividend of all the partners ceased to be a Zard February, 1917, both days 45,000 in British Government and agree with the very wise warrants are now ready and may partner. 5 per cent. Ezabequar Bonda conservative policy adopted by be bad on application, in the a. 847 600,00 (part of $50,000 the directors. It is very gratify, olios putaids. Ithink you for
(82) WILLIAM WAL
GH BHEWAN TOMES & CO. Lay, paid) in Hoi
ing indeed to End that you havs' your attendanoo,
1917.
Bills of Lading will be coun-
JAVA-CHINA-JAPAN LIJN,
Agents. · Hongkong, 12th February, 1916,
WALTER FORD & CO.
Dated 14th day of)
CHINA PROVIDENT LOAN & MORTGAGE CO., LIMITED.
THE TWENLIETH ORDIN
ARY ANNUAL MEETING OF SHAREHOLDERS in the Company will be held at the Offices of the Company. Et. George's Buildings, No. 6, Con- naught Road, on FRIDAY, the 23rd February, 1917, at 11 30 a.13, for the purpose of receiving | a Statement of Accounts and the| Report of the General Managers
inclusiva,"
TELEPHONE 346
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