No. 8819.APRIL 29, 1801.]
dova Company on which an a; gregate of the Brak ire wombs of this year 174 $1,000,000 1. paid up nra few worth yar Chinese shops were closed, and 230 opened, 1,600,000; the Chinn sol Maila sam showing a favourable balance of 62, and Navigation Compass shiro. with paid-up though owing to my being made to get the capital of 8.75,000, arst abrat 160 per similar role for formur years I do not vent and the $1,000,000 paid-up o pitlount this balance as pran of increase, I of the Hongkong atin nd Mi think the figures at least suggest the proba Steam-best Company is worth $2.660 000.bility that Chineas trade is not falling off. Similarly the shares of woven other Com. panies Chin Sugar Company, Bong kong Land Investment Company, Socis:6
BANK DEPOSITS.
Torning new to the matter of Bank do des Charbonnages du Touku, Hoagting posits 1 sou-an-little-reason for alarm or Hotel Carapany, Humphreys Estate and despondency. Having requested for Finance Company A. 8. Watson & Oxation on tubject from the four Britta Hongkong 106 Company) principally owned Banks in the Colony, the sewers obtained in Hongkong on which was originally paid from drcu ut them show that as regards 88,223,000 to now worth 312 940,000, them, there har bon not a ducrose but an which added to the fitures representing the increase of deposits to the extent of ever paid-up capital and present market value of 8800,000. The only one of the four who
roburis a decrease, the audiunt of which is the Hongkong Bank and 6Qompanies jat mentioned give a total of $22,010,600 paid not stated, is the Bank under the image mon; of the Alunnurable Member, wie in in respect of shares which are now with replying to my letter na Manager reiterates 856, 177,600. This, however, gives his statement made a Member of Council partial view of the situation, & in respect of the decrease of millions of luto view is furnished by the followindollars, but in this instance limits is to statements and figures supplied to me by Chinese Bauke. the Registrar of Public Companies.
誠
Io
whose
ngainst 26 Companies in 1887, with a paid- up capital of 826,239 600 and a market value of $46,870,125, and 3 Compasica in 1888 with a paid up capital of $28,867 (10) and a market value $63,951,526, and prone of 85 901,620, Mowing Companion, $17,841,950 paid-up capital, and 830,330,426 inarket value."
扉
THE VALUE OF LAND.
ron:4.
rato-payor.
THE
in
For the latter has to pay
taxes that are paid here in an equal or greater degree, but he has also to pay income tax, property tax, (in suddition to
CHINA MAIL.
I.
CORRESPONDENCE.
HE. THE GOVERNOR AND THE
"UNOFFICIAL MEMBERS.
presunt
in Council on the 26th March he said, I. Meny of us have been informed on ap-. regret that the motion is postponed twenties (parently good authority that the 9139,00 it would have given us an opportunity of revoted in Finance Committee on 26th hearing that which I have invited, discus. February, but not fully voted until the sive on, où two pocasions, namely, whi ther Council Meeting of the 20th March, was in. this Colouy should pay this vote apart foot paid over to the Military Pay Masfor from Dry incronse in the Carrison, AND 413010 February, and that the Council were. permitted to go on discussing tlio propriety wineR WE ARE ABLE TO PAY 17.
References to his speeches will shew that of paying a sum of money that hid afraidy His Excelleroy had twice invited a general gone out of the Trossary. It may be flat discussion of the financial position of the this is not so, but the report exists and is Colony and had twice bech balked, and believed, and it ought to be adinitted or he bera aless his willingness to embrace denied, the opportunity afforded by Mr White- heed's antiras.
If Honourable Momborant Council ber lieve that they have been treated is childệ That the Governor and the officiale were ren in this fashion and allowed to dobato entirely taken by surprise by Mr White- a matter at the moment beyond debatu, ná
unfor very head's arguments is clear, and that they wonder they are angry. It is 1.-The trouble takes ita origin from the were unable to reply to thom is also abuztanate that no mesting of Council is beld
or that no reason is given for not bolding. date of the Meeting of the Finanse Condantly clear, but there was no uncertainty
it; mitten on the 20th Foh, lust, when a ne to the lebug raised bene whatever
7. Thas meeting of Catincil took place on Council were called or tu nuthorise the payment of s aus of $133,03, and old, the the 11th April. I have already referred second half of the military contri utine for to the character of the replies to Mr White last year, vated originally on the promiss head's speech. The Attorney Gattoral and was put bafore the Committed as a Revotis Luenced maloly in moving the further con of a large increase in the Garrison. This the 'eting Colonial Secretary told the un
Poteficial menters in effect, that they were and was forced through, although the dr official members asked that it might stud sildration of the safariss question by over until the result of their ropreennis feeling of casuten at being outvoted tions to the Secretary of State was made on the Military Contribution question known, the Colm ial Secretary, the AtorThe Acing Colonial Secretary expended ney General Me Deane insisting that of his time in proving the charge by a com His Excel is was revote only and burdly open te parison of dates and figures.
•'fruit. R
-
.
No man in the Colony I think has a high- er opinion of His Excellency the Governor than I have. I roongaize his great ability and asmense industry. I know by personal experienco his porfeet honesty. And straightforwardness and his promptness to recognise a mistake and make amends when he has in any way gone wrong one more deeply tympathise with him in his illness or regrets intra sincerely his With one xooplin, onforced departure. he is the best Governor the Ouluny, kas avar had. He will not mind being placed second to Sir Richard Graves MacDonnell. Yot I make bold to any that he has been wrong in his dealings with the unofficial members in this matter, that he has done to then what he has charged them with doing towards bim, imputing motives, and that he has treated thout in not consistent with their position in the community, with their personal merila or with the position neer hittelf to which they have been called by their Sovereten.
...anner
There is betyron him and them a grave
difference of opiniou ou an itaportan matter on which they are oulitled as have
This in
Fichaouco was intentional, and His Excel- respecting which the Honourable Momber's new werke, stichar Governor's Teak thou nos in three months, I apprehend that thoms than they have to impute such mo- 24th April got a hint that His Exce loney's statements, if left without criticism, would Resided (the prosecution of which I the new tox wanal fell lightly or not at all tits to him,
The Covomer on taccantes insultedtency hos no right tribute to that the Bit of tho abandung fomediately after my ro- on the local vessels which contribute pro do a serious injury
bo proportionately by far the larger benefit to the the noticial members of Council and letter a meating its words wor's fairly Colony if, as is probablo, it would shortly turn to the Cadeny) will i become necessary to raise a loan for Publio ceded with for the present, and that Colony, and would be fell as little or through them the public they represent: bear. He resents it the moment any ont there has been a tomporary cessation of all nothing by the people of this community. and if I had been a member of Council I attempts to read between the lines of its Worke
After giving various reasons why the new public works in conscquence of the I throw out this as possibly a useful aug aburuld have protested on the spot against communications, and attribute to him quy further or other meaning than that visible Revenue was likely to dwindle, and why recent telegram from the Beretary of State, gestion for the future, and my add that the imputation of motives.
6. Me Whitehead's motion came en on
on the foo of his communications, rimje Presumably confined to its present I question whether of the end of the year-up ideantage which might otherwise o
It is very unfortunate that no meet- sources, it would be insufleist, to most there will be more then i Very small ducit, eru from Tharbour Board, would be in the 1 th April, and the question he raised existing charges on it, he proceeds to say even if, as I scarcely anticipate the lule ercase if it were empowered and required was the ability of the Colony in pay both the ing of Council has been hold since, and that the taxes are alcandy very high, and Indian of anlaties wdad by the Council to ring from ships all the funds which have Military Conribation and the area 3d - no reason give for meetings not being larice. His Excellerer was not present in held. His Excellency's illness no reason. that thought rates at 13 per cent on the should be approved by the Secretary of to be expended for their benefit
And now baring touched on all the pointe consequence of ill-health, and every one in If it had been etsfed timt Council was tot rantal appear moderate, they are in reality Blato. As ch the other hand there is likely heavy inasmuch as ripts are here but to be it's or none left of our surplus ba- of this question which oppone to demand at the Colony cegreis exceedingly the state held because material was being collusted three times as high as in England; in fact lances, there would in all probability hea tention, I comment those remarks to the of his health and deeply sympath so with to answer Me Whitehead'd speech and that he gives the impression to the outside considerable deficit by the end of next year, careful consideration of the Council and the him, but it is not the fact, as stated by the a little delay was advisable for that reason. world that the taxation of the Colony if we contiuno to defray out of Revento the Community, with the sincere expression of Governor on Monday, that the issue raised no one would have been astonished, but is is alrendy exceedingly barther some, and great drainage and water distribution works my pleasure tha: I am able on the eve of by Mr Whitoland's motion or spouch was it extraordinary, in the absence of an un that the Government relations with the now in progress. This lowerer is not my departure from the Colony to take, as I totally anexpected. The notice was clear. signed reason, if the public look for the people of Hongkong are analogous to those likely, and there is every reason to believe venture to think on very aufeiest grounds, The Dolony ja mat able to pay both the hi-ronson and look for it in the difficulty of of landlord with rack-rented tenants, that the Secretary of State, when he so favourable a view of its condition andlitary Contribution and the increased salonnawering the question of which Mr Rytie i venture to think that in this matter he has been placed in a position to esticate prospects.
ries, wae bis proposition. Notice of motion gave notice, and the question of which Mr has given a very wrong impression; and in the condition of affairs, will wanetien a
had been given on the 20th Baron, and it Whitehead gave notice, about the data of fauk, speaking from experience which is by lonn for public works such as in overy
is clear that the scope of it was fully unpayment of the Military Contribution for derstood by the Governor, for in his speech isnt year 1 no means a narrow dine, I en state the one of the larger depandangles of the Crow Now on this matter of tilent belief that with probably the would have been raised long ago What At the end of the year 1987 there were Ohtues Banks I have, mis snquiries single exception of the people of the Straits should be the amount of euch a loan L.will
and Settlemente if Erst be an exception, the not undertako to estimate. It of cones de dealt in the Hongkong Macket having on the as well as from the Registrar people of Hongheug are less. taxod, and ponds at the extent of the Public Works 26 public e mpanies whose sacos were from high authorities Banking
To the Editor of the 'CHINA MATI General. The estimates that received probably far less taxed, than any other which it may be determined to underlake. aggregato paid-up capital of $17,232,00 var constiturably in amount, but I am ranily or more important cominucity in Binti way mention that from statistics far-
Hongkong, 29th April, 1891. and the market value of which was the most inclined to tant of Mr Wai Yuk, Com the whole world having a protestion to nished to me, I estimate at $50,000 his in- SI, it seems to me that a short sista $46,870,126. In 1888 3 of these Companies wout into liquidtion and a fourth reduced pradore of the Chartered Mercantile Bank, aiiised Government. There are iived orebace Revenue from the New Cestral meat of the daten and facts connected with its capital by $175,000, and at the end of ust only because it is the rail, I oder within ay experience very faw cases where Marke from the new or extended depots the prezent imbroglio between. His Excel- sian same year the 28 remaining Companies staid, of careful enquiries at each of the an arian population line hos to pay other for cattle, sleep and swine, and from the lency the Governor, and the Unulisin Is presented a paid up capital of $25,158,000 Banks refered to, but because it rapresenta honey direct ut indirect Inzea, besides all the inthiin tanadvies, and at $11.00 that frutu Members of Cuncit would be of value and
A meat batween the extreme estimates on
zatea and taxes in an equal or greater degree the New Water Distribuurka; make would much assist the public in coming to and a market value of 848,355,325, or av
either side. According to his calculation bich are paid by the people of Houghtonging together:$6,000; an that from theso a sound conclusion on the merits of the increase in the market valna of the 29 Com- the gregato dcérenss of deposits in the Tonka tre con of the alther country, aptros alone, there would be muficient to case. May I he permitted to furnish such the same year the share of 13 additional Chinees Banks as comparal with 1860 with which the Honourable Mam or has pay interest std 3 per cent. sinking fund on a statement, warning your read rs, of panies for the year 1888 of 89 021,200.
is bout $1,000,000, the figures being instituted comparison in the matter of Let $1,220,000 at 1 per cent.
course, beforehand that I am, 291 Companies were placed on the Hongkong 88,0 0,0 0 for 1988 and 95,000,000 for this
All things considered therefore, though i adrisud, on the side of the Unetical Mem- There are for if any important id-up Market reg a paid-u
capital of arket value at the your. Deducting from this decrease the commercial or manufacturing towns in am by no means sure that one of the in- bors 83,709,640
$900,000 increase in the British Banks, England where the rates are less than 6-creases of sudries do not require Fo-cousi end of 1986 of 86,596,000, giving an incringe for the year of 10 Con nice, there is left $20,000-so that there ro in the of 32 er veit, on the rateab o deration, I am completely satisfied that 32,054,040 in paid up capital and $7.081,20quires the large dierense of $1,300,000 in vales, and this independently where it has with a very moderate loan for public works in roarket value, thus at the fund of 1885, some unaccountable parter to make up the not been commuted, of some-9 in the and in the absence of siroustacices imp there were 36 Companies with an aggregate two millions which would be the minimam inlbited house tax on the actual rental; sible to foresee, there is every reason, to be paid-up capital of 928.867.640, the market aunt to city en tono Menn I was inforraad only the other day by lieve that the Ordinary Revents from its proprietor of house in the City of Nor-present recs will be sufficient to cover valite of raich was $63,051,323. Two of berg indefinite aintenant us to millions
of decreuse
I should mention that the Registrat£ 100 par cont.) on the rateable value, or Databer, as well as the increased Miltary theas Companies (with a total paid-up cipi.
wich that the rates there were 18 in the the salaries, as increased by the vote last tal of $200,000) are now being wound up Genersi, in forwarding his estimate of but the aggrega valuca of the shares of Chinese Bankglennata accompanies it with do not forget what the Honcurable Hom
some 8 per cent on the actual rental Contribution:
As regarde the future, though there may the remaining 4 amount at prosout the sintoment that do pite all cease, money ber alleges us to rents here bang about be expected some lons in the next salt $84,421,0 1 050 hewing on lucrasse (after deducting $1,715,000 net increase in capito prevent plentiful among the Chinese, three lisus ne high as in England, but of the Opium Farm us onpared with the ther passages of his speech large sum obtained for in under exceptional tal) of 88,874,720 his coinpared with Decem.and that the rata cftrast among them there n in ber, 1889. In addition to the above 34 just now in 42 qepia fer month per $100 I am disposal to think that he has eircumstances in 1889 (oing some $248,000 Companies there are 20 nauw Cuikpanis re- this being sourcely over 6 per cent. per unwittingly used the language of hyperbole, por annnas higher than previously); thero
game. nd is evsa lower than the rate No dubs there may be found places in 15 good reason for anticipating advances discussion. The revoto was carried, of lovey had intimated the same thing i mars gistered since December, 1888,
Hugland where houses are cheaper by ds in other directions: (1) if this time course, by the casting yete of the Chairman, carefully-phrased language or a previous shares are dealt in in the Hongkong Market among uropeans.
2. On the 6th March, when the report of occasion, and his satellites only followed in these 20 Com
thore, but on the other hand, I know of exceptional depression (from which the The total paid-up capital
woll that there are other places where they lucis above referred to seera to indicate the the Finance Committee came before the Lis footsteps. pantes is $13.692,310 and the aggregate
Now as regarda Land which the Honour
Of course the unofficials were optrated, market value of the capital is 812,779,500. able Member says he fallen greatly in
are not only not cheaper but contiderably beginning of improvement), the assessed Council, the anodicial members again asked dearer than here, and judging from what I taxes should prove to have tailen off as foc a postponement of the vote on the Band Mr Whitehead's mation was rejected. ahrowing a depreciation in the value of alge, I do not doubt that as regards a con these new Companies of 8912 610 se com sidarable area of the less valuable laud of have learned from a gentleman specially estimated only 2 per cunt, venture to grounds and wire, with some diffruity, Three dafer alter, the unufletal members pared with the paid-up capital, after the Colony, there has been ensiderable experienced in certainly not be understated think in view it is forensing general genated an adjournment of a week this write their letter to the Governor of the alycis shows that of these 20 Comp wien depreciation by comparison with the inflated if rents here are estimated stable those that this loss will be very quiskig con- somo protest.
unse would trade that there is good reason for believing might alt gather and frame 14th inst., most respectful in form, inform His Excellency on thing him that they intend to taemorialize, the aggregato market value of the shares of
pricus cf 1889, but I question whether there 5 of them is 34.800,910 in excess of their hus veen any depreciation at all na regards of Eglend for house of equal size in equal-pensated by return to a normal condition, occasion made an important speech, dith is their undoubted right, the Secretary
ere should not bu.. es if there ly favourable situations as regards similar even
con- cult to contense into a short paragraph, of State on the subject of official salaries, total paid-ays capital, while in 14 of the 20
what is of incomparably greator importanes, there is a depreciation to the extent of viz. the largs area of specially valuable important centres of business. The fidently anticipate, further upward pro- but amona ing to this, that he had formerly and asking hinr to let the Secretary of State
gress in prosperity. (2) The $5,722,750 below the paid-up capital. Of land Victoria For thngit a seller of
tacre rates of Hongkong independently of
notion antil that memorial could be sent an opinion and to express it. They have yafficiant ly large Military Contribution; The lattor Companies 7 are D-W
obtain the
in subsidiary of opinion that the Colony was paying now this and to request him to forben
The whole of the unofficial roubers requested lam to refer to question about which that difference existe to their cota- Companies engaged in purely Joon!
Owing to the expop- business, the shares of which aro depreciat. the price as in 1889, I bave reason to certainly not above, and probably below, showing any signs of diminutiun, lends that he had had occasion to change his ut,
views on the abject while in Rugland; sign it. doubt whether, unless under xceptional the average rates of commercial town stendily to increase
Ta it or is it not a reasonable regnestimen superior, and manwhile to hold bis ed below paid-up capital to the extent of cire
in England, and spiderably less than tional demand for these oui, teil that he thought the Colony could afford to circumstanc-8, The price to $595,000 only, und the remaining 7 Com would be zag legs are then then. On half those mentioned in the case of Nor-standing the institution of the Canton Mint, pay the prosent demand, but that the The neficial members, alarmed at the hand so that the superior may be free to
wish;
and in this view it
it is scarcely I have been ompelled to raise from blany hid nearly reached the point of my increasing uspemditure for decidu Be has refused to hold his hand. panics whore shares show a depreciation this point I will rand what as said to
nece-cary to point out that the rate-payer 1,100,000 to $1,000,000 the anons, requi- danger and uld be usable to pay any military contribution, public worke, in He has rejected their appeal and delibe ia of 35,126,750 below maid-up capital area by a gentlemen, whose position of Hongkong is in an incomparably more sition upon the Crown Agents; and if the greater donant without endangering its crued establishments and salaries, bones-rately told them that their proposal Companies whose businesses or enterprises is our likely to render him specially well
He intily think the Colony cannot hear this barden volres an act of injustice so flagrant that are situated entirely outside the Cory.acquainted with the subject:The value advantageous position than the English Mint should be able to supply us with the prosperity and power to pay.
when they insist upon what is their plain. There are now therefore 51 Public Cons of Marine and Inland Lots has not in my addition to his loval rates not only all the amount, I anticipato chat the revenue from aunted hie opinion that the Home Govern- and its threatened augmentations. To he will have no act or part in it and
this rou for this rear will be at went mul have arrived at a somewhat more against the Military Contribution is panies with a paid up capital of $44,074,050 opinion declined elace 1888. The intrinsic
he had received a worse than useless. T moya against the right they are lectured before his least $90,000. (3) Rent from Land must similar conclusion, market value of $77,200,550 values of towa and suburban lota havo in and
creased within the last two years to the
continue to increase in amount ne further telegrams to stop all public works not yet vast increase of salaries is still open, Aide-de-camp as if they were a parcel of
The question being still under considera- | Cucuta in the Civil Service. extent of $2,000,000 at the least by new
Larut is sold, and will even make a ogneldor begun.
It is That speech ought to be republished in tiap of the Secretary of State. They want is
very plain speaking, but buildings aud iusproteinemia. Even where the inhabited house tax reforo montioned),able advance this year. Indeed the per. no improvements have been effected servants' fax, succession duties, sometimes mannens revenue from this surrce will mount enters, as well as His Excellency's speech reconsidered under the now light thrown true, and most people in the Olong with house property in Vigloria can be purchased tittie rent charge, besides heavy dutice on very rapidly, if, as I most sincerely hope the in explanation on the 20h March, in which on it asd car the position of the U-lony by out upholding the unofficial membors in naw, der ordinary chcurastances, at a of which the flangeungent ones, fraus- all polior should be maintaine of permitting the emphasizes the possible danger to the the Guzernor's own two speeches and their all things, think that His Excellency House proof which the Hongkong rate-pager isentrop the mutation for Facreased rant of a Colony and dilates very fully on iss pect. 23.8udeequent investigations. Is to the bus made a mistake, and they hold that opinion although they suspect him less price than in 1888,
Indeed if it were folly noder considerable perty
increased exempt. the villages has
most highly, deeply sympathies: vith His Excelletoy night havo at ones re- lund of 8. Themas.an a pregnant example THE FIGURES OF FAILURE ARE PUNY. in salce, particularly at Trumati, and stund hers how heavy are the burthens on will alware port sun of the meminas. There liar position and prospects, referring to the right and their chily.
plied, as he did later, that he would not his in his illness and sufferings and isin people in England in similar positions don such a policy of a time like the present, at what, possibly might occur.
are heartily sorry that ho is leav the only apparent depreciation
with those people of
when the account is running Compared therefore either with what
To me it seems that to these two sporches take any part.in what he considered a may be called the 6gars of special aucunes, suburban property which occasion-
We will respoot hiu stili more if he recug- or with the figures of all Companies sne od solely from over-building. A great and I de tu casotire that that I ura condident that it is the dialy stund of this Governor vory much of what has wholly improper proceeding. That viewing us. We all reapect him uxceedingly.
uk al in 1888.30 there would be the same display of policy, and that, if steadily maintained, it sines accurred is attributable I know of the case does not seem to have struck failure, or threatening, failure, are puny owing to the greke number of twu-storied position to the Troressent Military white & nise of not they render they water re-open my eyes series cam then He might have said fiantle. uies the fact that he has not fruitul de Dessful, or unsuccessful, hy gesinere so in contul bucks. indord, and it is to be borne in mind that home which were then pulled down for the trbation. For however nopleasant it may it possible to considerably dinunish the position of the Colony and caused me to men, I am colecting statistics and informa- Members of Connell nicely and if no admis set to work to investigate for wywall its tion on the subject of Mr Whitehead's mo- that they may have some grounds for their purpose of building houses of three stories be to be asked to pay for what has hitherto wright of taxation. Bid while referring to present in a time when owing to 1985 in their place. During the period of palling bevy obtained free or for a comparatively this matter of taxalida, I think it well sa pt end prospects, and if they gave the ion and speech that will euticely remove recentment, if they feel any.-Yours in speculation all such seoritica aro pe bably under their normal value. Now not town and co-building there was a dearth of small payment, I do not think there would the eva uf my departure tu correct an impres-unstlicial members matter for thought, 1 your apprehensions and satisfy you that the faithfully,
be begrudged a contribution, which is after slon which may have given in a recent am noi,astuuished.
Colony can safely pay now and for many withstanding the fact that the shares of house scumodation and many families at, but a small proportion of the cost of speech, as to the passibility. that any cube- 3. At that Meeting of the 20th March years to come the official salaries sud by most of these Companies were in 1880 left the Colony not being able to pay the defence, if it were understood that our tantial ingrense of taxation would, by dri- the motion to postpone the consideration of Military Contribution, and I ask you to wait
Gad that dorably higher than at prosent, I venturs tradesmen formerly paying at the rate of fellow-cuten at bove are far wors ving trade away, cause this Colony by mees the Military Revoto was overruled of course till I aus ready, which will be in a few days, driven up by speculation to a price const.higher rates demanded, to think that from the point of view of the 8 wern compelled to pay $60 a month for heavily taxed thau we are, and it were the same fate as the West Indian Island by the othcial phalanx, and His Excellency to pat this before you. That course anuid vorted a fluid which will render cloth im-
In his reply, before taking the rate, forgot have been intelligible and acceptable. No; share market, there is nothing pointing sunt or leave and less their bus nets. Then borne in mind that they are also paying of St. Thomas,
himself & far as to speak of the heroes athe culy reply, wait a few days no reason came the over-building, upwards of 700 the debt witich enabled Great Britain
largely indulged in by now of the members, assigned art I will let you know what I to any notiona or permanent deoline of prosperity indeed after a careful new houses boing built to meet a demander people all over the world to maintain
and to express his spinion that the mem- propose doing.
The Uncficial Mombers wait till the 20th survey of the position at this critics for about 150 bones. The reduction of their indepen-lence of forgiga dumination,
her's speech was wholly beside the point. critical patiod I believe that any competent
Perfectly appropriato in a dabase sad he and write again, asking for a reply, and and impartial judge would say with on
teen meraber and member, but quite out then ecraes Me Deane's letter, of the 21st fidence that the business of the Colar
f place from the Governor, as President April.
His Excellency has not telegraphed and so far as it is conducted by Joint Stock
and Moderator, to a member
At the same Musting, Mr Whitehead won't telegraph. He had hoped to be able Conipabite is generally in a very sound
And now na regardq the financial position. conditioni
Now though this gentleman may possibly
When I read the Honourable Metaber's
give notice of his motion against the pay to state his reasons in Council, but his not be sutnewhat over-sanguins in his views, Iugh at first intended to supply in detail more favourable view, I may mention the lant of increased salaries and for a tele-been ab o to get the ready, but they are Happily there are indications pointing in opself have reason to believe them by the results of an exhaustive examina prinsipal one as being that the large size gram to the Secretary of Stats to withhold substantial.
Because the Secretary of Stats has of the steamers which are inurly hit sanction thereto, performungu of
4. At the Meeting atid tobe Coreet na to the increased roles of sible custently wish to be dead in this action, would reader it is possible
of Cannel on the 20th a ready decided the question and a tulograma ders it impossible to speak with certainty land in the villagon, In any case they work absolutely necessary to As regards Exports and Imports, It is natin muka olear that gonia of the causes of short time before my departure, and any them to sendist casting work on any large prosest on the subject of the Military Cou
His Excellency hopes that when the factory to find that the shipping aralistius depreciation are antively consistent with rare i might feel this score is mus sale at a profit, and it consequently a tribution, according to notice previously thinks a wholly unjustifiable proceeding. tif last year point to an inerosaing rather the absence of any general decline of prozous slave given a general slibession of the ad for which no other art would the Secretary of State to second the motion Council they will agree with him, and put lessened by consideration that for redistributing centre, ough as Hongkong given, and moved that it be forwarded to unofficial members hour his reasons in than a decreasing trado, For according to pority.
financial position is only to an extremely his acting like equal facilities,
Mr Whitehead zone Is an limitant
extent pertinent to this sub- absalute decessity. And i a further and was interrupted by the President His off the consideration of the question until To sum up the situation. While it must jeut of salarion, and that it had for told and believe that the present tonnage Escelleney the Governor) saking what the next year when it can be more sally sun. be admisted (1) that a large sum of money other consons, be better postponed until dues might be very gensiderably ingreased motion was (Mr Ryrie had stated it clear sidered.
Hero again is the deliberate insinuation has been lost to the Colony in outside the consideration of the Estimates for and might be made something much enough), and put it aside with a statement considerably higher than those of any
terprises; (2) that to the great build- | 1892.
oving former year and exceeding by 1,900 000 ing operations of recent years, the supply enough to render it clear that our financial other parts, and yet all, or
am able, however, to say mere nearly approaching the average of that it was for a lo dacide that an error, that the auofficial members are heated and nearly all, the I think, on his part, but that may pass are taking a beated view on the subject, in tous these of 1883. It would thus appear of houses is now considerably in excess of position though not wholly satisfactory is veals which now mame here would stil He thou put the question to Mr Ryrie, other words are not moving and as to the that my anticipation of 389 is showing the demand, and (3) that the value of land in other directions is compensating for conscqueally fallon below what I not one which gives any more reason for have to come here, inasmuch as thwic! It is a perfectly respociful protest I pro-Bounce of any honest opinia (29 itself to be correct, and that trade
and deny that the general a ? of its condition of the Colony. I oberve the considerably greater than the increased thus table till it had been read His Ex-inability to pay this increase of saisties, büt ol 1889. Yut on the other hand there are: Honourable Member states that souording tax Whether this view is completely cellency in effect told the unofficial members out of resentment at the behaviour of the export, and the stoppage of emigration (1) in the prosperous condition of-all-cer to this latest official infraration there will correct, I cannot say, but I believe there that they were perfectly capable of laying Government. The Governor and the off to Australia and the United States, Aud while on the enbject of Emigration, I may leading enterprises and industries, (2) in at the end of the year ha a defluit in ie at all events sufficient truth in it: to on the table a disrespectful protest such as cisla, puent as Military Contribution. mention that the acconta regently rateived the increased quantity of shipping at a time our fine of $100,000. Pruning him suggest the consideration whether ateitimai he could not allow to get, and that be the officials had not resented this and shows their resentment, they would
4 months' sight, of the condition of the Chinees in Mexico of usual depression all over the world, urter, or as I think very possibly raveque might not be raised, or whether must see frat what they had said. That,
Credito, 4 are so favourable, that if they should be the Colony as evidenced by the Imparial that such a statement without explanation amount the incidence of taxation might not not nice and not what is expected from a
(9) in the increas of the regular trade of under the mark, I need scarcely say with the revenue remaining at the same to put it, in the midest possible form, was have hardly beau mo
His Exullaney seems to forget that the
Documentary, months'sight, 9/2, confirmed I think it only right that the Onetams retarus-and coneklering all things gives a Government should encourage the emigra.
very wrong impression to the the more fairly distributed to the relief of Governo: to the unofficial members of his unofficial member of the Council are not
On demand, ** tion thither which it in lesired to cus (4) even in the small decrease, if there cutside world insuch as it leaves entirely the rate-payers. Attention was
Credia, & months' sight, bo any deercase, 30 the Bank deposif
one moment that the four gentlemenin independent positions of a great trust duct from Hongkong. If it is true, av
whitch,bave fa the last few унати I am informed, that Mox co will welcome accounts-tiers are, I say, in all these out of might not only the enormous sums drawn by the Chairmat, of fo Cha lately Council. He had no business ti amma afficers of his Government. They are mon
Commera and by a question in Counnit of before bim could be guilty of any dis and confidence as that of the Governor of On Herlin
On demand, all the free Chinese which can be sent things inlications of distinctly favour ble
elsewhere ordinarily provided for by Lada, suprand necessity of a Harbour Board, either in aubatance or form. The standing their Suvoreign as his advisers, on all On Now York mattata of law and especially on financial. On demand, shoto, Tabell expect that -îuno-long promise for the fature, and auch, I vestur / penifed out of Revėsuo upon public works, the Honourable Mr: Whitehead, to the, rapect to Her Majesty's Government Colony. They are selected by his and time the trade which will spring up to think, as giva strong grounds far the ba but also omits to notice (which is for the chiefly on account of the fact that in orders of the Council impose on the un-
Credits, 60 days" sight,- with that rich country-rich I mean in iu let that any dogmasion that oxists is -mere-purpose more important) that $820,030 of former yenis the funds, raised for, Light leial members the duty of excing-that matters. He is the Prexident of the Council
ly temporary, and an tuany former wil and its wiwurale-will not only equal ocotaions in the history of Hongkong, is siy to ease this deficits is also for Extra idinary mitiuance of the lights, sud bogatise on At the same meeting Mr. Whitehead freely, as ho does-nay more dece
year's expenditure which is estimated Dues had been more than sufcient for the Potitions presented by them to the tour of which they are members entitled to hold On Bombay
Wire, and because cu are worded.
and express their opinion as fully and as but surpass all that has been lost by the the precursor at still further inceste f Pubile Works. All wing for a considole the completion of the Gun Book Australia, But; however, this may be the prosperity at no distant time. It may be talling off in certain itome of Revenue this rould probably occur again; and it is moved for leave to postpone his motion on as unfettered by official ret.cence. On Dalcutta- correctness of the Indostion from tonnage judged therefore from wint I leave said that (as Lo which however I should mention evident that the President of the Chamber the subjant of the increased salaries. They are entitled to as much suspect
I do not ni all share the gigstay antips that the great fall in geserdizes of Cosmetus (from the paint of tics of Excellency was anything but palita in his him as he is from them, and with all res sigually confirmand only the other day doubt have frequently observed that the
by the Hunnurable Member is what I may call the uou-lusal shipowness) reply. He said Mr Whitehead had taken epect to His Excellency they have not bad On Shanghai kurs. I lægen the cxumination of this question, by the statistical report of the organisers of Chiness processione, in order per cent), allowing however I say for a can- Harbour expenses to be paid from the rates, those likely to support him; intimated that affair from the beginning and treated then Chinese Customs for the last year (for to make a more imposing show of followers, siderable falling of in certain items of Re-But as regards the alleged surplus revenue it was his better judgment that was then as people not knowing their own minds. opy of which I am indebted to will engage coolies whose labour-sciled rage venue, and in the matter of expenditure for from Lights, it seems to be forgotten that moving him to retire from position He has allowed them to be gibed at by his the kindness of Sir Robert Hart and are barely hidden by coats thrown over the increased Military Contribution, and for besides Lighthouse there are the costly arrived at en impulse, and be told the officers in public Council and has not re- the local Commisioner). Though I have them resplendent in gold and colour. Now the payment under the new instructius services, such as the Harbour Master's En-Conacil that if they passed such a r solu baked it.
The Unofficial members are right when ablishment Harbour Launches, Harbour. tion it would have all the appearance it seems to me that the Honourable Menter during the current year of December sa- abli not had time
to SIAMITE да
has reversed this process, and has succeeded | faries (ampanting to some 500,000) aliuli Pulice, and the Obrervatory, lovsiring an "adden impulso not to use a stronger of"
they BAY they regret the delay in answering Holly as the guze, it sufficer for my pur pose to take the figures showing the value for the moment, but only trust for in precious years have barn paid in the aggregate expenditure of some $80,000 per pression
genatal trade between Chins and the moment, in throwing a squalid cure following January, I am of opinion, sunt, which are maintained for the benefi
Mr Whitehead's motion was pot the earlier. The only reason given, His Ex-BAROMETRE 1889, Tacle 118:046,381 in 1689 And Teels Hongkong usually appears to the outside end of this rear be bouniderably more than maintained out of the ordinary tasation of result of any honest opinions deliberately all-ncy's refusal to take part in an act of Our seade with China actually increased last believe is rightly balonging to lo
Membor, if the full amount of $820,000 to the improbability of shipping huing tri- to pay the Military Geetribution and the 15th April ATIO IN HONGKONG AND IN year by more than Taela 3,000 000 af com
were to be expended on Extraordinary ven away by the small tax that would be increasul ariaries, bat of temper and of it is very unfortunate that is Excal pared with 1883 and by over Tools 7,000,000
ARNOLAND. ALL
Public Works But Judging from the ruterary for the purpose, I think it to be resentment gondered by the result of the loney was not present in Council on the lih er about £1,730,003 sterling): a compared Before coming to the financial position of at which the Department works for dis well worth consideration whether should debate on the Military Contribution. His April. It be had been, there work have with 1889. As also indicator that the the Golguy, which the Honourable Member hosed to think that this estimate of ex- not be imposed to the relief of other forms Excellency in his position, is bound to been some answer to Mr Whitehend's orra- volume of trade in not decreasing I may regards ha dusatisfactory, I think it right bepuried the mark in any circumstanges dersine is in forec at Shangbai, vessola ing from right motives. He has he more any expressions cropped in the heat of penditure would have been considerable of taxxilon. If, on a prisciple which I an. I give the quofficial members credit for det ment Member would have forgiven him mention that from a return furnished by however tavidious may be the duty, of the Registrar Gogbral, it appears that in touching on suother subject, akin to it, And in view of the fast that come should be exempted from payment mars battuees to impute improper motives to argument. There is in the latter of the
the
„TUR INULEISZ OF TRADE,
"R
In
ja
Tante followed of course, but I do not find that rents in Victoria have decreased ox- captinees where they had been previously raised to sy slows prohibitive extent, and there is no general appearates of reductio in capital valties.
strong temptatio
to aban
SUGGESTED. INCREASE CE TONNAGE BURS
THE PROPOSED HARBOUR HOARD.
and bear moreover not only the whole cost
Fron further enquiry into this question of their twa defence but in a very large pre-(which I may mention ul segrested itself to me on the spur of the anent), I portious the c-as of Colonial defence also.
have been led to believe that any apprehen. sion on this sture may be entirely dia missed. Without troubling you with all the reasons which have induced this
THE FINANCIAL POSITION OF THE COLONY.
the same direction from several other quar-means far from the truth, and I koux theca i tion of this subject; but this is now required to bring goods from Eur March 1892, Air: Rycle Inid on the table a is u won't take part in what he
ters. Though the absence of naturos reu
the recent report of the Harbour Mastor,
the tonnage of vessels entering, and clear.
ing from, Hongkong roached in 1890, the
enormous figure of 13 million to-Or
restrictive laws in the United States and
TO SUM UP.
Bot
I
from
“Fast Rita, volume of trade is jocrenting aiona of the Honourable Member. and in fact not likely to exoced, 28 would like the cost of Lights as well as all ap sy untenable position for himself and ke ha impuguest their motives in this }
of the
STO
of a
Now what does all this mean their letter There is not sufficient rosace
Tery
JNO. J. FRANCIS.'
A Wast Philadelphian claims to have in- " pervious to maintare.
A COMMISSION has been appointed in England to inquire into the effect of coal- dust in originating or extending explosieur in coal mines.
AN electrician who has made a specialty- of spectacular electricity says the day is not far uff when electrical fireworks will super- sede those now used.
Quotations. Hoxoxone, April 20, 1801: OPIUM-Now Patris, dash, 485
Old "} cap,.. New Benares, cash, 4671 Old
cash,~~~- New Malwa cash,.490 Allowance, Taels... 32/48 Old Malwa, carh,... 600/40 Allowance, Tuela... 16/48
F
12
Persian, Oily, cash, 4521/70 Allowance, Tacle 32/48 Persian, Paper tied 490/40- Allowance, Taels,... 32/48
Exchange, HONGKONG, April 20.
Op London
13
Bank, Wire,
On-demand,
- 3ris.yn' aijpht.
15%
On Paris-
On demand.
Wire,
On demand,
On demand,..
3:19
$33.00p,tact:
20 days sight, private paper, Gold Leaf, 100 Ete... Sovereigns (Bank's buying rate)8 0,23
Temperature.
1 PAGE 1 29.97%
Hongkong which are Taulu 132,959,507, foring over the brilliant apiform in which previously stated, that the deficit will at the of the fipping, and which are principally thuency leitit to be distinctly inferred shows anyråere... for not answering it **136,844,001" for E9 Thus the value of world and awhieh abal; etili vēsture to the $100,000 menfiened by the Honourable the stuny, If the abora view is perroot as entertained about the ability of the outchy injuston HERMOMETER-9 &;M DEME ZAN,
TAXATIO]
(Taken at Mfesora Falconer & Co's - Premises, Quien's Road)
30.02
Do.
on the
Do.
Do
1...
Du
Do. (Wat bulb) 1 a.m. Bo. Do.
4 PM
Do 1 PM
Do.4 P. 70
De. Maximum
Do. Minimum over night.70