1918-03-27 — Page 8

Hongkang Fire Insurance Co. Ltd.

(VERBATIM),

THE HONGKONG TELEGRAPH, WEDNESDAY, MARCH 27, 1918.

credit of Beinearance Fund, we

are able to recommend to payment | 163

The

reporta that all

MEXICO'S DEMANDS FOR RACECOURSE - DISASTER.

GOLD.

Lansing

to day

to make any

Bvldbacă of the Cutting

The enquiry into the sad catsan

Den

COMPANY MEETINGS,Vibáting $5,000 to the local fund ways. Against? Carried un- priepu thật ma", ressonably be the year working showg

for the mapport of war charities animously. That is all the busi- assumed to be sais. Our policy decrease of $1,492.87 as compar- otion which received, I am nes gentlemen, thank you for of systematic repair and ranew- od with 1916, the natur gind to recall, your heartfelt ap- your athadde Dividend War ala of the refinery plast and profit for the year being

What America Pedplied. proval a year ago. After making rant are now ready and may be equipment is being maintained, $87,932.60 as against $82

iste T and in addition to last year's 425:47. these provisions and appropria-Jobtained on application.

Washington, February |tions, and adding £5,000 to the

alloestion from profits of dividend of $9 per share 875,000, we have also spent was paid in August last, The United Safe bld gropound, 337,198.46 which has been and we now propose paying a final as part of the commercial agree

ment now being negotiated, to mes out of the Working Account 1916 China Sugar Refining Co., Ltd. charge to the Working Acccant dividendár 89 par aire, bich I permit enough gold to be export The forty-ninth ordinary msel

of year.

These outlays were trust you will consider antiadactory; ad to Maxion 30 setilly Piondent pho which occurred it tha ting of abarabolders in the of the areal dividend of $27 per

essential, but are showing sati We are also in a position to add Carranza's immediate needs:

Racecourse, Happy Valley on Hongkong Fire Insurance Come share, and I should add that the

The fortieth ordinary annual factory returns in the improved to our provision for Contingencion -pany, Ltd., was held at the offices stair has not been forgotten. The of the General Managers, Mess, pressure upon them is heavier meeting of the shareholders of efficiency of our warks. In spite Account to the extent of $15,000 Mexico now has the gold to her trusty 28, was contliked at of the General Managers, Marg, and, she, difficultice of manage the China Sugar Tefsing Com. of the unfortunate xesult of last and carry forward $14,832.50. long of way had by the United being sonducted by MeV. E

credit in Imericas baBED. No the Police Coats this matka

Wood, suffug 4s Coronel The today. The Hon. Mr. D. Landsle mesh.grom graste in times oh pany, Led, war, bold divide the years working, the faancial Sales of fou show a slight increase States in contemplated.

Secretary presided, and there were sise these, and it will, I hope, have offices of Messrs. Jardine, Mathe position of the Company is over 1916, which, then it is borne

following jarymen were also pre- been in scordance with your son and Co., General Managete sound, as we now have a practi- in mind that, owing to the large positively denied that the Unsent Meus A. EL Barlow present:--Sir Paul

Chawishes that the Consulting The Hon. Mr. D. Landale presideally modern and well-equipped increase in cost of odal, tited States proposed to

(foremia) J. B. Wallace, nd W. O. L. G., Sir Robert Ho Tang, the

[Czemok: Hon. Mr. E. Shellim, Messrs. Commities voted bonus of 16 od and there were present: Sir property standing in the books was found neosary to prense 0. 8. Gabbey, E. Maitland and per cent. on their salaries sawaa Paul Chater, O.M.G. Hon. Mr. E. 3 low than the value of the land the price ky toent por I, uust be loan, sa stated in some published HP White(director), M. paid last year. During the course/Shellim, Mr. F.Maitland, Mr. alone. You are doubtless aware considered astiafactory. The cold/reports." The conferences which Yesterday afternoon, of 1917, an Ordinance . Waż A. O. Lang and Mr. B. P. White that the values of intet all com- storage branch, however, shows propose to permit the export of Lang, property owner, L.N. Leefe (Secretary), the Hos.

perlain amounts of grain to meet Your Central, gave švidenos to and (directors), Mr. G. M. Shaw modifice have greatly enhanced depresse in revenue this year Maxion' needs and the gradual the effer that be war to thed No. Mr. Ho.. Fook, Mears. D. V. P

affecting Fire passed

Companies Manager), Mr. O. W. Beswick owing to the war, and the inevit- owing to the partial stoppage of sport of gold to an American 12 at the time of the collaps on Sisateusan, C. A. Di Boss, G. K. Marine Insurance

in the Secretary), Hon. Mr. Ho Fook,able resotion is only to be expect the export of mess. Your bank in Mexico City, which has the fint door. Bafore the col- Harton, Ho Leung, Lo Cheung transacting business shai, H. Fercy Smith, O Colony was foreshadowed in Mrs. A. J. David, E. J. Grist, ed when there is a osation of Manager

been ander way here; will now lapsesbout 2.50 p.m.-his son, Beswick, G. Grimble, and A. the Chairman's upeech a year ago. /F. P. da Grecs, Lo Cheung hostilities. When it is remem- machinery and buildings at the be resumed in Mexico City, where aged 15 yeare, who was with bizn and a similar measure has also shui, J. W. Stewart, Choa, Pobered that Jaya mw sugar works are in first-class order and President Carranze will decide in the matabed, told him that is become law in the Straits Settle sien, B. E. Da, Las, Ho Kwong, advanced shout 100 per cent. all launched and lighters have better to sccept the agreement. seemed to him that someone WER past the hour for which this meats and is contemplated, I an HRB Hancock, A. G. G. Da during 1915, and hat declined received their sacnal overhaul.

Mexico City, in various ways, butting the lashings down below. Secretary to read the notion con.of the, Federated Malay Staten. Barnard, A. C. Davidson; F. the past 12/18 months, it is recently been approached by quite a gold credit, but because be heard thres distinct noises se meeting was called, I will ask the derstand, also by the Government/Silva, B. M. Austin, D. G. Malmoet to a similar extent during Your General Managers have has sccumulated in the United Witness then paid attention and

The passing of the local Ordinance Smysli, M. H. Nemasce, A. Kto be hoped the our last the Dairy Farm Co., with

working, a view to their acquiring has been unable to get at it out at the bottom of the uptight of the export embargo on gold though the lashings were being had our support, and we beliers Crapsiell and P. O: Potte (share-year's unfortunate it will be of benefit to the cause holders).

has embodied all the adverse the business and undertaking of Some of it was derived from wale near which he was standing. the notice,

of clean and sound insurance baş- The Chairman mid:-Gentle readjament of values that may this Company. Their offer of biss and some from settlement Before the adjournment yeater- The Chairman said :-Gentls-

inees generally. Gentlemen, the mah,-As it is now past the hour be necessary, and that future can been carefully considered; `and,

of the new title men, You will, I have no doubt. Company has now entered upon for which this meeting has been ditions generally may be more as your General Mausgenud Tehuantepec Railway. Gradual like to hear evidence by the in the day, the Coroner said he would agree to my following the usual

your Consulting Committee arð course of taking the report and teftieth year-ite jubilee year. called. I will ask the Secretary to favourable for me.

Is it too much to hope that when read the nation convening the Bir Paul Chater beg to of the opinion that an ansiga. the sum, said to be between son of the previong witness. soccante se read, for they have this time next year we cast meeting,

tep and fifteen millions, would be second the adoption of the reports mation guld be to the advantage transferred to Mexico, if Presid aged 15, said he was with his This morning, a Chinese lad been in your hands for some time.

of abareholders, has been pro-ent Carranza accepts the agree father in Shed No. 12 at the time After the notice had been read, and accounts, The underwriting operations for our eyes back on the pregnen

The Ohairman mid-Gentle The Chairman:--The adop-visionally accepted. A provision. the period under review have, and activities of this small but am glad to say, again been very vigorous local Company, the feel-men,The statement of accounts, tion of the report and so al agreement has been signed meat the United States proposes. of the catastrophe. He was of the Toffer Boer and beard a noise has been proposed Both offer and acceptance are, successful. The loss ratio for log of satisfaction with which we with the suditors certificate counte

sa though someone gas cutting the closed year works out at as may expect to contemplate them attached, having been in your by myself and seconded by Sir however, conditional upon the

the lashinge. This was shortly low se 36.29 per cent. The ex may no longer be overshadowed hands for some days, I will with Paul Chater. It is now before sanction of general meetings of

before three o'clock. The Isshings. pense ratio is very moderate, and the world's greatest tragedy, your permission take them as the meshing for discussion. There the shareholders of each Com

Level and Storage of water in were being cut below them. He a substantial profit therefore hes but that we may enter upon our read. We regret having to submit being no questions, I will put pany. The main terms of the

heard be acquisition of Reservoirs on March 1, 1918.

BO conversation and 51st year of existence with the such an unfortunate statement of the resolution to the meeting agreement are to be recorded for 1916. For 1917 terrors of the war behind us?. I last year'a forking, but you are Against? carried unanimously the undertaking and besiness CITY AND HILL DISTRICT WATER did 20 see the people whe

Company in

WORKS LEVEL.

were cutting. It was about two now have pleasure in moving doubtinas well aware that sugar The next business, gentlemen, is of this

for 'the 19800

minutes afterwards that the sheda "That the report and seccunta sa is subject to wide finotuations the election of the Consalting return

{57th stai Below 38, Tala Balow fall. Es spoke to his father about shareholders of eight shares of the rationa value, and it is due Committee. - presented, including the payment in

affic in Balesetanki Balow the matsheds going to fall, but 24h, in low fat and Below he did not mention the cutting then. Es did after they had got

Lowe (shareholders).

The Chairman said—As it is

›vening-the-mesting......

After the Secretary bad read

also the underwriting resulta are,

up to date, quite good, and if the

second year's experience is ap

to the average we should again

in

8

+3

to

"

chang

WATER RETURN.

sverflow

Und Construction

Provedow

evation

are digt Below 346. M. Bake

cricion

отеко

додамо

esta. pin. Below soft salu. Below

STORAGE IN MILLIONS AND DECIMALS OF GALLONS.

Cries Break Trizm Bak

Total

→-population,

2017.

zuri.

1730

700

94-37 433-90 M. gallons

my,379. 770,400

03

were disconnected from Bixler Misina and Tebesny, 1917, Constant supply in ail district

1537

Below

overBow

vistien... Ra WEETOLI man) ovection

STORAGE IN MILLIONS AND DECIMALS OF GALLONS.

A

st

105.50 Consumption of water in Kowloon in mitless and

1939 บุป

$105

zat, 200

05:56

jotac la of ascellest quality,

out.

His Worship-Don't think that the noise you heard was the sound of asb- ings of bursting ɛ the sheda began to fall ?—No, the noisÓ Wis different, and the sounda were- distinct.

By His Worship Ee bad rever beard the sound of lashings bureling before. -

By Mr. Bowley de bad watched matabed workmen taking. down sheds and heard the cutting

поїве.

The Contractor (recalled) put in a model of sheds Nos. 8.and 2,. Replying to his Worship, the witness gare further particulars of the sheds, detailing those that had staircases, etc.

The ree of the bearing this 40 M. tious morning was occupied by the contractor giving details of the Exos atsirasses and exits of all the that the Sheds from No. 1 to No. 1, Mr. Wright, of the P. W. D., laking notes to assist him in the proper- stion of a plan.

else. Devarimen. Ansiyat's imports show W. CHATHAM,

of a dividend of $27 per share; to a decline of about 5 per cent, Mr. Grist :-I beg to propose Dairy Farm Co., of $7.50 each. avertow have a good prof. to shows an addition of $98,034,73 to the in Java raw prices, and greatly that the Hon. Sit Paul Chater, credited as fally-paid in respectia las termination of this year. Losses in

Investment and Exchange Fluo increased costs of refining that Hon. Mr. E. Shellim, Mesare H. P. of each share in this Company. Ty Tak the Far Eastern field have, if any tantion Account; of £5,000 to the the year shows such an adverse White, F. Maitland, and A. O. It is proposed that our business Wearsals thing, been more numerous than usual. There have been large out Beinsurance Fund; and the pay result. The scarcity of tonnage Lsog be re-elected as Consulting be taken oves from the lit Jan- breaks in Europesu occupied pre- ment of a bonus to staff of 15 brought about the heavy decline Committed for the current year, asry last and that the accounts of Mr. Hancock have much the working of the two Companies perties in the Philippinee, in per cent apon their salaries in Java sugar prices during the be adopted and passed."

past 12 to 15 months, as it was pleasure in seconding.

be kept separate until the 31st Kobe, in Hankow and in Shang-

The Chairman It has been Jaly next. Provided the profiter hai, sed sq we must, I think, When the resolution has been impossible to market the prop regard ourselves sa fortunate in conded I shall be glad to adequately, and as this affected proposed by Mr. E. J. Grist and made by such working jaerify y having so good a resalt to show.wery questions that may be values in Chine, we had to write seconded by Mr. B. B. Hancock such a course, an interio divid

By Mr. Waketiɣng-He did not. The most saverse influe003 on our baked. Mr. Stevenson-beg to down our refined stocks very that the Hon. Sir Paul Chater, end equal to the interim dividend Pol

second that the report and eo considerably. Daring the past Hon Mr. E. Shellim, Messrs. of $2 per share which has been igures has been exchange, A year

Consumption of water in the Chy and a Diego into the basement at all, and ago my predecessor in the chair counts as presented, including 12 months prices in Chins . . White, F. Kaifland, and paid for the last three years Will Wales and declesis of galicos dering the month could not say for what purpose is

CA died. made reference to the diminution the payment of a dividend of $27 have dropped roughly about A. G. Lang be re-elected as Con- then be paid in repeat of the February. which had been thus csaeed rahare, an addition of $98,034 Tis, 3 per picul. In fact, the loss sulting Committee for the current Dairy Farm shares to be issued to emption...

of our gold 73. to the Investment and Ex on our Chins business has been year. Those in favour, please shareholders of this Company. in the value

in local change Fluctuation Account, of sinemely heavy, se during the show in the neuel way. Against? After the 31st July, the accounted per des sansta expressed

£5,000 to the Re-insuracos Fand, period under review we made Carried masnimondly. The next of both businesses will be combinences to houses to the Zider Main Districts currency, and of course corresponding shrinkage also sad the payment of a bonus to quite satifactory profits on pat business is the election of auditossed and the profits divided smong vent by public steps focoties achy ar

abareholdere in the Dairy Farm during Febratry 18th, cocurs in the profits of our gold staff of 15 per cent. apan their orders for other onilets Japanses for the ensuing year. using agencies affecting our series, be adopted and passed. competition has been keener than M. Lo Cheung-shui beg Company, of which the proposed KOWLOON WATER WORKS LEVEL

The Chairman: The resolution ever and the outpat of Japaness to propose that. Mr. HL Peroy future name is "The Dairy Farm, en Working Account, Since that dale szobange has had yet larger is now before the meeting. The refineries has increased during Smith, F.C.A., and Mr. A. E. Los ad Cold Storage Coy. Ltd."

resolation which you

have tue jest. The high rate of silver Lowe, FCA be re-electedIt is also a part of the arrangement rice-from 2/4 to 3/8 in-

heen exchange is of great assist auditors for the year at the that your General Managers crease of 25 per cent. It is just heard read has

shall receive 2,000 shares in the remarkable, I think, that in spite proposed by myself and seconded ance to them, but their own remuneration of $500 each.

Farm

of $7,50 Korion Gr of this, the Premium Income of by Mr. 8:eavenson. Those in protected market in their strong (5). Crapnell :-I Dag 10 ON ONE PRO formato

esch oredited as fully paid up, i

, 12 the Company is at a level which favour please hold up their point. The position practically second that.

itself into this, The Chairman :--It has been consideration of certain restricts of gallons, daring the math of February. was only exceeded in 1915. Our hands. Against? Carried nu resolves bolding in British, Indian and animously. The next business, the Chinese consumer of refined proposed by Mr. Lo Cheang-tive covenants entered into bylo Dolonial Government securities gentlemen, is the election of the engar is supplied by the Japanese shui and seconded by: Mr. them and by way of hotne as poss has increased by £23,000, due to Conenlting Committee. In so refineries at the expense of the Orapnell that Mr. E, Feroy Smith, compensation for their bee of t

hend par daym further purchases of British and cardanos with the Articles of Japanese consumer, and I wonder F.0.A., and Mr. A. R. Lowe, office. "An extraordinary meeting Association the Hon Sir, Paul how long the Japanese consumer F.0.A., be re-elected suditom for will be called shortly in connec Colonis! War Loans. One of the Chater, C.M.G., Sir Robert Ho will be content with this state of the year st & remuneration of tion with this matter, and i have results of this larger acquisition Tong, Hon. Mr. E. Shellim affairs. At times the Japanese 3500 each. Those in favour 7 doubt that you will them express Pablls Works Deprement.

bea gold assets

Messrs. White, Maitland and refineries were eveneelling refined Against Carrieduminously, your approval of the agreement. amornt field that the

Mr. W. J. Morrison, & fireman Gabbay retire, but being eligible, sugar in Chias below the cost of That is all the business, gentle. I now beg to propose the adop

in the Hongkong Volantest Fire reserve to the credit of Invent

raw sugar. The scarcity of ton men; dividend warranta can be tion of the report and accounia, ment and Exchange Fluctuation offer themselves for re-election.

and after the resolution has been * We are having a great deal Brigade, said be asisted in the Mr. Hoxton: I beg to move the nage has affected us adversely had on application, Account has proved insuficient,

seconded, if any shareholders of trouble with coal coolies just fire which started after the and as a loss Betnally occurred in re-election of the Hon. Siz Peal in every way. We have to pay

"Hongkong Ice Company Ltd.

have any questions to ask, I shall now, so there is no work for collapse. Es did not see the 1917 the Working account of that Chater, O.M., Sir Robert Ho much higher rates on our raw ind Tang, Hon. Mr. E.Shellim, Mears, refined sugar and also upon sil

be pleased to saawer them to the them," remarked. Inspector Sim, Collapes. He saw smoke and year has been debited with a sum

The thirty-seventh ordinary best of my ability.

to Mr. J. B. Wood, at the Police a little later fire. He attempted ufficient to meet this, and leave a White, Maitland and Gabbay to materials used in production etc..

Bir Paul Chater I beg to Court this morning, when a coal to throw buckets of water Take coal for instance, which is annual meeting of shareholders of small balazon to the credit of the Consulting Committee. this Fund. Exchange, eines the Mr. Da Roza-I have much one of our most essential items the Hongkong Toe Company, Ltd., propose the adoption of the report ooalie was charged with stealing on the fire, but the rails several bamboo poles that had around the course interfered. He The additional cost over that of was held to-day at the offices of and accounts. turn of the year, hae risen still pleasure in seconding.

Mosers, Jardine, Matheson and The Chairman:-It has been been placed outside a house in assisted in rescuing some of the The Obairmant, bas been the pravions year, was about Mo farther, and the Consulting Com mittee regard it as wise therefore proposed by Mr. Haxton, and 880,000 and I am afraid that is Coreneral Managers. The second by myself and seconded Groen Sizes. There was previous people. With regard to cib eup to pass the furiber aum of seconded by Mr. Da Boxs that will be even worse for the current Hon. Mr.D. Lengste presided and by Sir Paul Obater that the report conviction against the man for ply of wafor, be understood the $98,031.73 from the profits of the Hon. Sir Paul Chater, C.M.G., year. This is another matter there were also present: Birand sooounts be passed. If any larceny and he had also been more pressure had been telephon. Working Account 1918 to the Sir Robert Be Tang. Hon. Mr. where existing circumstances Paul Chater and Her. Pere Robert shareholder has no question to balled. His Worship sentenced ed for. The beat wae so great credit of this Account, I regard E. Shellim, Lesera, White, Hait greatly benefit our neighbours in (Director), Mr. G. K. Haxton stk, I will put the resolution to defendant to one month's hard that it was impossible to get very this continuous writing-of sa land and Gabbey be re-elected to Japan. Since the war commenced, (Manager), Mr. B. M. Austin the meeting. Those in favour labour. constituting practically a hidden the Consulting Committes. Those coal-owners in that country have (Secretary Hon. Mr. Ho please show in the usual way. Messrs. A. V. Apsar, Against? Carried unanimously, roserve, for it is quite clear that in favour, please hold up their been able to raise the Lobook, whenever szobange reports to the hands. Against, Carried an price of coal from about Hogi B. Stewart, The next busine, gentlemen, i Mr. Lo Chưng thai-1 hose did not have. The

DG M Bernard, O. W. the reelection of the Comiting bag to propose that Mr. neotions as the Fire'? level of pre-war days there will be animegaly. The next business, en 490 to Ten 13 per sop..

HL Perry Smith and Mr. E. A. M:: -Evidence was given by Mr. an automatic return of a very large gentlemen is the election of There is reported to be plenty of Beswick, A. C. Davison, Lo Committee. amount of dollars to the Company, auditors for the evening year. coal in the neighbouring pro. Sheng-abai and 4. G. O. da Mr. Ho. Fook, beg to pro- Williams be re-elected auditors R. M. Justin, saither Volunteer pose that Bir Paul Chater sad the st.a zemuneration of '$206, -· | Kromka, tô THE SANIT he heard The Company's holding in Mr. Berwick:-Ibag to propose vinces of Chins, but the Chinese Silva (shareholders). Foreigu Gald Loans in redused, that Mr. H. Patsy Smith, F.G.A., have so far done little or nothing The Chairman aid Gentle Bor. Father Bobert be re-elected Mr. Stewart beg to second. sound, the, fur

has been the shede: prac for an investment, referred to as and Mr. A. R. Lowe, F.U.A., be to either develop their Southern men, it is no17 set the time for to the Consulting Committe. The Ufalmin our last annual meeting, in the appointed auditors for the ensuing boalfields themselves or to allow which this meeting called, Mr. Beswick bag to second proposed by Mr. Lo Cheng-shui ground II, he hos

and seconded by Mr. Stewart all zesdy to ment has had to be heavily writ Mr. Ho Fook:I beg to second of the Chins trade and the other dustou, I'll ask tha Booretary Th

adverse conditions have resulted to mad the notice convening the proposed by Mr. Bɔ Fook and and Mr. R. A. M. Williams some good might have ten down since the finances off that; a

seconded by Mr. Berwick that Bir be reelected auditora...st: are but it was imposible The Chairman-It has been in the slow movement of asook meeting that unfortunate country became

Paul Chister and the Father muneration of $200 esoh,v-Those otherwise; "E Consulting Committee. Those in inanimonely,

had experie favour please hold up their lands. This is all the bankams, | work in "Against?”: Carriad unanimously, slemen; thank you for

of

been

ip

"

Trouble with Coal Coolles,

か

:

near the fire.

to the Ceroner

Folf Club

Brigade hose.

Messer

Boads of the Russian Govern year at a remuneration of $500, ; others to do so. The poor state | and, in socordance with the us The Chairman --It has been that Mr. HL Percy Smith, place where the fire.

involved in the throes and stress proposed by Mr. C. W. Berwick, and ponsequently a heavy burdan] The notice having been reser Habetu, bezze alapted ja - the in favour ↑ 5 Against ↑ "Carried" with the wypa

of the disintegrating inflasaces and seconded by Mr. Ho Fook of interest, Fire Insurance sta of the gigantic revolution which that Mr. H. Percy Smith and Mr. An regards raw hugar - we men is ebaking the entire structure of A. B. Lore, be appointed auditors have fortunately pursued a

Chairman said:

-The report and

with the suditor's report.

ints

that vast nation. You will, I make for the ensuing yes; at re- hand-to-mouth policy for the paéti boon in AgOWER" HIGH PRI Or some Entakt businew in the election & artendíase, Dividend wartaža: siso gavi

doubt, applaud the action of muneration of $500, Thoms in year or so, and our supplies are daya, In

with your permission,

the management in again con- favour plases show in the usual therefore only moderate and st take them se rond. The result of nf auditora sred

the been