@Februaryid, 1999. ]
"bly under their present market value. lition to this we Lave the respectable sum |
at the credit of our investment fud- socount. With these few remarks,
ontlemen, I will propose the adoption of the report and accounts, but before doing so I shall be pleased to answer any questions which may suggest themselves to shareholders.
"No,"questions being asked, 'the report and accounts were adopted, on the motion of the CHAIRMAN, Seconded by Mr. Georg.
"On the motion of Mr. ANDERSON, seconded| by Mr. Moses, Messrs. A. O'D. Gourdin and THenderson were re-elected auditors, dodala
This was all the business. Dividend warrants will be ready to day
THE HONGKONG ICE CO., LIMITED
The following is the eighteenth annual report the Hongkong Ice Co., Limited, to be sub- mitted to the nesting, to be held on the 8th
febuary
A The General Managers have pleasure in sub mitting to the shareholders a statement of the Company's accounts for the year 1898, ::
|
DHENA OVERLAND TRADE REPORT.
ROYAU HONGKONG YACHT UNUB. Owen THIRD RACE FOR R‚E. CUP, January 29th Course:–– From a line off Police Pier, Kow loon, leaving Stonecutters Island to port, round the Cowechow (or Kaukuns) Rock to port, and return, passing Stonecutters Island to starboard, to starting line; 16 miles.
STARTEKS,
Erica
Mr. A. Denison- Maid Marian WJ. Hastings Bonito Major Koe Phoebe Ladybird
HANDICAP,
scratch allows
sed.
46 -48 2min, 5
13
77
stole her cattle. Twelve French scldi sent in pursuit of the pirates, who were while preparing to sail away and put to deal on the spot.
A Chinaman who was suspected of accomplice in that criminal attac imprisoned in the French fort demand of the villagers was let free on morrow under bail,
been
the
All the Chinese dealers at Kaochow feel secure since the proclamation of Admiral de Beaumont has been posted and they are asking permission to trade at Kwangchowwan. Every one who has settled there is highly satisfied...*
A Cantonese dealer who has recently come back from Kwangchowwan intends to go there again shortly with a new supply goods. A great many Chinese labourers are employed at Kwangchowwan and they are fully satisfied with their earning 60 cents a day.
It is entirely false that French soldiers have robbed young women and girls of their virtue. Army and Navy is as strict as in any troops in I maintain that the discipline of the French the whole world. Any misdemeanour would be Beverly punished. I have the honour to be. Sira your obedient servant.
LEON GMR. LE ROUX Consul for France at Hongkong. Hongkong, 2nd February, 1899.
Hon. F. H. May 'Mr. C. D. Wilkinson 5 Dart
Dr. Clarke
#28 Princess
Officers R.A.
58 There was a moderate east wind at the start and the line was crossed by the boats fairly well together, Maid Marian, Phoebe, and Erica be ing in the van. In the run to Stonecutters Dart showed remarkable qualities, ruuning through the feet into a good second place to Erica. Behind Stonecutters the wind was very -light and patohy, and the boats changed places very freely, but Erica kept the lead and caught the strong wind off the West point of the Island first, then came Maid Marian and Ladybird. After passing Green Island the wind died away and the boats drifted with the tide for over an hour, when a light east wind carried them down to the rock off Coweshow, when the order was Erica, Phoebe, Maid Marian in the first half minute, then Ladybird Bonito and Princess, with Dart some time after. “After rounding 832,500.00 the mark the wind increased and Erica and 825.000.00 Phoebe, which had both kept well to windward,
"A memorandum upon the present conditions 8 2,48414 | got the benefit of it first and went away from
of foreign trade în China” has been issued by the Maid Bonito also went iuto fourth place. A the Shanghai Branch of the China 859,98414 lucky slant of wind off the lee side of Stone under date of 23rd January, 1899, and The extension to the works referred to in the cutters put Phoebe into first place, but she was by Mr. C. J. Dudgeon, Chairman. The report for 1897 has now been almost completed, passed again by Erica under the Yaumateeing paragraphs read as follows but owing to the continued increase in the shore, and the line was crossed in the following Idemand for the Company's, product a further order:
Finish.
Points, onllay for plant estimated at $38,000 will be
ducing the current year.
JARDINE, MATHESON & CO.,
General Managers. fan Hongkong, 30th January, 1899.
Including $1,4452 brought forward from -last year and after deducting $10,000 paid on the 27th July last as an interim dividend of 782 per share, the balance at oredit of profit and loss is $59,984.14 which it is recommended should be appropriated as follows :- A final dividend of $6.50 per share “To write off property account
To carry forward
Erica Phoebe ÈMaid Marian
'Bonito
Ladybird
Princess 'Dart
Time.
Corrected
time.
-3 8 25
3 8 1 88 1 3-6 20 3 9 22
I
10
3.10 8
*3·13·10 318 12
-8-12422-
918 9. '3:13 32 3 25 25
3-21 80 **3 32 53 The second race in this competition, sailed on 120,802.67
Saturday, the 28th instant, was not finished in 225.00 time. 160.00 85.00
*Property account
$12,000.00
Extension account
·68,802.67 ⠀
wolnyantedzin:
Hongkong Fire Insurance Co.'s share
Canton: Insurance Office's share
China Fire Insurance ('o.'s share
Debentures of Hongkong and Kowloon
***Wharf and Godown Co., Limited
10,000.00
Mortgage oni property
Usah on hand ...........
.50,000.00 168.89
«Hongkong and Shal, Bank,-Current account. 12,623.61
1:Outstanding accounts
Accounts receivable
Toe on baud
'Coal on hand
"{FHF ROYAL «HUNGKONG GOLF
CLUB.
1 BEST SCORÉ CUP FOR JANUARY. There were only twenty-two entries during 2,662.97 1,009.49 the month, and following are the returns handed
180.00 | in-
100.00 Capt. Urmston, R.M.L.I... ··81
Mr. E. F Mackay
$197,396.56 Mr. C. A. Tomes
93
... 96
LIABILITIEL.
$ $125,000.00
Lient Farie, R.N. ¤Mr. W. Jễ Saunders.........
105 100
0. 81! 11 €82. #888 :12 ..93 5.93
8,214.00
4,197.52
Capital......
Ammonis reserve account
Accounts payable.
Profit and loss account..
PROFIT AND LOM ACCOURT
59,984.14
$197,896.56
To-salaries, wages and general trade expenses 27,428.23 ¿To value of one share in the China Fire Insur
Lance Company written down from $92.50
General Managers' commission...
auditor
7.50
2,000.00 100.00
29,535.72
10,000.00 59,984.14
To interim dividend of 8. per cent, paid on geneza
27th July, 1898..
balance brought forward from last year receipts for ice during the year, välde
on hand
ved (Jess Crown rents and taxed
$99,519.86
CORRESPONDENCE.
We do not hold ourselves responsible for the i
opinions expressed by our correspondents,]
THE ALLEGED FRENCH EXCESSES
AT KAOCHOW AND LOOCHÓW,
AN OFFICAL CONTRADICTION.
#
|
E SHANGHAI BRANCH OF THE
-CHINA-ASSOCIATION UN
THE SITUATION,
In view of the interest which is now aroused at home in matters relating to China, it appears to the Committee of the Branch of the Associa tion that the opportunity is favourable, for, the publication of some general expression of its views upon the question,
moreover.
There has, in the past, been general com. plaint of the want of expansive vitality in our trade with China, a complaint which has nowhere been more freely voiced than in China itself by those actively engaged in the commerce of the country, in many quar ters,
has been alleged that the fault lay with the British trader himself. It is not the object of this memorandum, to undertake any defence of the British trader against this charge, but it is desired to put-for- ward some statement of what we believe to be the main reasons for the comparative absence of progressiveness of foreign trade, with China; the opportunities of the country we well know, better probably than any one else, ought to be enormous, whether in the development of exist- ing trade, or pushed into the hitherto unexploit- ed field of China's natural wealth.
“We unhesitatingly, attribute the slow pro- gress made in the development of foreign, trade with China to three main reasons, namely
*(a.) The entire absence of good faith on the part of China in the matter of her Treaty obligations.
"(b.) The absence of security for the invest. ment of foreign capital in China - anywhere outside the Treaty ports.
*(c.) The general apathy, and want of know- ledge, which has, in the past, been displayed at home regarding Chinese affairs.
***Reasons (a) and (b) hisvai
on one another, and reason (c) supplies the explanation of how such a condition of affairs has come about.
“To residents in China it seems superfut to repeat arguments in support of the made against the Chinese of bad faith as Treaty obligations, but so little seems. known at home as to the actual conditions which foreign trade with. China is condu that a short statement regarding them permitted.
TO THE EDITOR OF THE DAILY PRESS....... SIE,-Respecting the advertisement No.:854 in your valuable paper of yesterday and this -morning-headed "Statement from the in- habitants of Kaochow and Loochow," I beg to state that I have received to-day, a declaration from a highly respectable European coming from Kaochow who knows the facts well. That gentleman affirms that no Chinaman has been 40.52 killed by French soldiers unless in the act of The Memorandum then goes on
attacking their military posts.
detail with the transit pass 98,590.57.
Admiral de Beaumont has had a proclama« taxation, the absence of the 1,605,78
tion published in Chinese advising anybody in the interior, for par 1,364.99 who might be attacked by pirates or robbers to restrictions placed on inl
20.00 sk from the next French military post for reproduce in full the
protection, which would be immediately granted. Meinoruudom!—
About three weeks ago a gang of pirates andered the house, of a Chinees wilowand
$99,519.85
It is the want of reason for the flo
ler
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