9440-MAY 20, 1898.1
ATSON & CO., LIMITED,
TELY MEETING.
THE CHINA MAIL.
to do it have their time fully coupled with question is why the North China and Hong The Chairman-The-tom of $16,000, a current business which canuck bo Deglect, Long Bira shiras ar sinted at varying stated already, in under Inquiry, and no ed, so that the stocktaking is pranially amounts-22600.57 2530-64, 2735.83. soon as the facts 679 clearly placed before The ordinary general meeting of the tono in spare time. In this case thera 83770.46. Well, the amant of the value me I shall have much plesore in giving the slightest vindication of of this asset is very trifling, and I suppose you the Information either publicly or pri was hold at the Hongkong was not entary, this afternoon, her J. D. as, loss to be feared, for, as I said, we have that has been slteration in London valely. But I do not that it would be in regired from this department, which is where the Neth Chits shares are held, the interests of this Company to make any sphreys, General Manager, occupied spread over a very wide area, during the The value is fired there. As you say, they statement now until the matter has been hair, and sutong those present mere Jost, more money than during any prorions might remain at the samo figuro year after inlly investigated.
year. All those thlogs wore known to me year, but you have sometimes to do what G. 1. Veilsh, Farrow, Stapleton, T. even when I was away. I for the figures you are told by the auditors. It does not Araold, Oldfield, Satton, Jupp, Chandler, abstract of the business done for seems to me to make the slightest diffateneo W. Parlane, C, S. Taylor, K. C. Wilcox, J. avery mouth-lernarded to me be the The whole diference is only $240. The mail of next mouth, and, therefore, investment is not made for the purpose of H. Cox, R. Lyall, E. Terry, R. Isherwood, seeing that everything looked, as far as I réalisation but to get the pramis from these Clement, A. E. Skeelu, Q. 0. Cox, W. could see, healthier than it ever did before, companies on the matine and fire tour E..Clarke, H. Wicking, F. Rapp W. Ban I had no reason to anticipate that there ances.
any department Bailey, T. F. Hongh, B. Jues would be a falling-off in Hughes, WB. Wickham, G. Snelling, Saxsopt on account of exchange, and I hoped 3. Benjamin, and A. H. Manoel (Secrets I said before, that this would have been
covered.
The Chairäkt” said—Gentlemen, for the always reased business, as it has have paid a certain amount of dollars for rison with their total figure which has no
Kary
been in formor Gases.
Me Winking-Are they held on sterling Mr Taylor-No, what nonsense? You them and the change in the dollar differs styleblog every year.
The Chairman-They were always bald by our Londer Ofice which ships our goods and an item so small as that you really don't take into account in the balance sheet There is a varying difference of about $149 to $240 in the valuation of these abaros year by year.
-
TIENTAIN.
(N.40. Dally Nets Correspondent.)
May fa
D-VISITORS AT HOTELA, "DIME
HONGKONG HOTEL. un ta
long sha Praya front of the Hongkong That the large piece of ground stratabing
receive the crowds of propia who will Bank is still woubt, awaiting, perhape, to tend the Hongkong Exposition. cessary to occupy that land for business or both went off on a visit to Mr and Mrs M. Boyer That the lack of excitement and money sa Minister had visited the Viceroy, they Capt. Benson
other purposes may have exercised a strong Kinder fa Tengahan and Lanchow. His Mr R. A Doxey influence in leading men to think that Excellency took marked Interest in all Dupent further wholesale extensions are not re- that he saw and fulfilled all the dutics of a Mir de Famond quired now, and would tend to maintainabial song us takla notes I ven-MH. W. Fy or deepen the commercial depression etilt tured to remark six months ago that the Mr H. A. Gell
more charming part of the Legation would Mr G. Hollmann observable Bere in Hengkoag
Mr and Mrs O'Conor have been in Mr. J. Andomon Mr A. B. Modernid Tientsin the last few days. After the Me Goa Armstrong
Mr Mendota 35. Captain A, Murra Lisat, P. O'Malley,
A.5.0.
Me
Forchett
Mr Regard
Me D. Robartsons Me Julet Biegfried That the old beger, or barrier, in the way not be content to be immured in Peking Okps, and Mrs Lath-Mr A. B. Sprec
bridge, maid and 2Me H. A. 8. Tho N of a continuatius of the Freya line to the for five or six years. I am now quite sure of
children s
Alt and Mrs WEREN estward past the foreshore of the Naval it, and can beastly congratulate the British and Military ground, still exists, spite of communities on the litoral and riviera that
WINDSOR ROTRIL kan ekstrem mod the confident assurance of Governor after it is so. We shall all ses something of our Minister henceforth, and doubtless to our Governor to the contrary,
Alliston
Mr A. Maurat haber
Mr H Nakaso
Mr. J. Nambe
Mr Wa BINNSTEIN Mr Rodwell
Mr Taylor I think you are quite righti Every business has its ups and downs and
good with the b we must take the good with the bad (sp- The Chairman-Thank you, Mr Taylor. plause). It is a very fair statement. At the same time I hope you will not press these questiona I do not wish to withhold any information.
branches. It is not a very large amount.
Mr J. P. Lawendig either in respect to the 3600 under two In one branch it is a mere tride in comps. That the departure of H. M. 8. troopship common advantage. There is just ons My and Mes BmithMe J. R. Joyce
Tyne, which was fixed for yesterday danger to avoid. Mr O'Conor will natural- Chorning, was postponed until this after go from onsalate to consulate, and Capt. 8, Ashton Mr WIGS Levie neob, for reasons well known by the will see things from the oficial soign Res. B. H.Balderstonbir and Mrs May doubt been caused by exchange as ours have. The other branch in a small one,
Naval powera, that be
coign of disadvantage in many cases. He Mrs Barkeran & maidMiss M. Mayak and it would be hardly fair to the present
karang manager to mention the mema of it, be That from the twitterings of several little would-be well, when on his travels to oulti-Mines M. and 3. Bar-Hien U. May
base conspicuous by its absones in the much as possible. It is at least a working Mr J. F. Boulton cause I do not think he is responsible lands gather that absolute harmony has sate the lay and missionary elements as for it I think it is merely writing down
ed pension has taken place, and that the of them and their wants will lead to safer Mr G. W: Eedy and that sort of bing, and be under poprecincts of the Naval Yard, that one hypothesis to astume & personal knowledge. Mr W Brans ouliarly dificult circumstances where he is
true causes of the friction will be fully decisions when their claims and grievances Mr G. Engal placed because he has to make his busines
investigated by the higher officials of the vote before him. While in Tisatsin he Capt. J. Farrow
hae gathered much knowledge on the Vice-Consul P.Gavan-Mr- without any sort of assistance from any-
Admiralty at Home.
nillesvetel der Mr E. Georg. body. I am quite willing to give the in
bone in the Tess, and he takes with bin inspection and enquiry formalion, but for the reasons I bave stated That Staff Commander Edwards proceeds Wharves and Park questions by personal I do not like to pass any consure apon a
very serious anoident has occurred at Mr R. Hansen good wishes of many of his brother Tongshan. On Friday last a quluk-sand Mr T. Harada The Chairman I have told you why member of my staf wen ir asing his best
officers and his civilian friends. That there is something wrong with our they are changed, and they ought to Taylor Hear, hese) be changed every year. They ought to be
$60,000 Gap Book cable, or with the charged in s the market value if the the
instrumente at the Hook end of it, sad the at the time of the shift; the foreman was old official notion of making no use of the able to get one shift of 800 men olaar, a few, Mr. W. Barraclough Me Gustav I amount would appreciably affect
expensive toy appears to be meantime som two dozen add, of the other were chut Mr F. Borneman
in, but sorentsen of these were got out. Ia Mr Stephon UaranaghMr Thoman Meek balance sheet: You are quite wrong in
carried out most successfully. that also, Mr Taytor. The smount is as busi-mall that if such a thing wore omitted to of the slightest consequence to the general
question result.
Mr Tayler--I did not ask * to the general result.
The Chairman-When you say I can't answer you, you are very wrong. I have answered you. Now, Ste Hough, I will
Dewar you.
Mr Taylor-There are severs! items in The this socenat I am not satisfied with. firat is $100,000 for good-pill. Now, goods will is not an asset. By a book-keeping fiction
Mr Taylor Thank you, Sir.. I have asked whether the figures are changed your by year, and, as I onderstand it, you are unable to answer me.
Me ParkdeYou have a idem of Sundry debt. 880.6; are these enpposed to be good debie?
Chairman-t * stall amount The which represents amounts to the privato ledger which are not in the trade ledger courts The retail ledgers are kept quite dievinct frous private ledger acconate.
and considered good?
the
brobe into the workinga and blooked the Mr A. Johnsen eastern section of the pit. I occurred just
cumstances are in round numberé an feled to bo worth three consider- ; be done by sa osereight, it would not be By the trade ledger we mean customers' ac- That I have often said the authorities led us jolimbing up a long ladder to get into another Mr P. Ebray
Das
the
The
Mr Many of them
The
have eines tees realiaca. I will explain it, sa it will be the more satisfactory, way. There are always, of course, certain advances with the firm. Those, of course, are all good. There is a great number of them, and the amount-la question divided
Me and Mrs Waking? Mr J. Watling R Mr and Mrs W child and sh
VICTORIA HOTEL
Bonet
Mr. A. Loriand
Mr
MT
Moor
Morria
inta uzeless expenditure by the formation part of the workings; two men were killed Mrs Farmer of a so-called telegraph staff and a costly by the ladder breaking auder the extra Mr Flayortory bense on the Rook for its accommodation; weight, and twn or three others had alight Mr B. Genese and the result has demonstrated how much bruises. Some ten or twelve men are still in Mr Grispous better things would have gone had the the pit, and though the meet, desperate at Me A Haturan light-keepers been encouraged to do the temple are being made for their resous, little Me G. Hargens
hope is cherished that they will be found Mr Hayton telegraphing themselves,
Mr Hough I merely wisbed to eliujt a must be allowed to people anaposted That these things are apt to lead people to | alive. There has been an extensive subside | Mr Hermet
little explanation about that iteis in the soccunts of $52,500 representing Hank
BAY & Harbour and Lighthouse Board would have done better work for the Colony then that.
enos; a huge cap-shaped depression 970 feat Mr Kakao deep in sean alose to Me Tong King-aing's bones. It comes within a few feet of the
This reation of the working was condemned Baker
Mr and Mrs P.
Pont and family.
Dr Jao, Rabo, Me Me Banne Ur Roberwen Me D. 0. Smith M-W. THE Mes Wardina y
MOUNT ACHTER HOTELS od tal
stock The question was rather taken out ap is a very small one There are other That I am told upon very good authority callway, and can be seen from the car Tient-Col. and Mrs Fawkes &reat
dras time since the Company was cutablish. Mr Rough-There is sorber item in the ed I have thought it prudent to reduce the accounts that perhaps you will bogood enough see in the amount of our dividend, in this instance to shed a kitle light upon. from 14 per cent to 10 per cent. I hope accounts Hongkong and Shanghai Bark you will believe that this has bosa resolved Brock is put down as sets for $53,500,
Will
you kindly inform as what that re проф
the isforests of the Company as B wools and also of the great, bulk of the prosents ?
Mr C. 8. Taylor--May I may a word on shareholders individually. It would have been an easy matter to have added to the that subject P.
The Chairman Y bet profits of the your the amount at the credit of the Reserve Fund to meet contia- gencies or for the equalisation of dividends, so have andered the usual 7 per cent for the last half year, making 14 per cent for the year, and bare carried forward 88704,83
The Chairman-I will stawer you as you to a new sapoant. There was a great un daciment to do this, especially in the redno go along Mr. Taylor, if you will allow me tion of $20,029.35 in the amount of the not as I might overlook it otherwise. It is a profits of the year as compared with 1891, matter of spinion. That is always stated
to a large extent due to circumstances as an asset. A good-will of is to which are not likely to rocur. These dirness in England in
years net profite lows:-An increase of $1,000 in the That is the value of a goodwill in England, amount written off for had and doubtful and that is the value you would. Eave to
for it debts Beduced profits from two ropa Tayice- If you would put down what peans branches $6,000. A decrease in
departments I na saying it might save time, and be, profits of one of our exceptional loss perhaps, more in order of $1,600.A
London The Chairman-But this is not a ques- on the negotiation of dratta on Hongkong of $1,000. These tion which arises on the present balance make a total of $33,000, or 34,000 sheet, as that has been stated as an aset more than sufficient to account for the total since the business was formed.
Me Taylor-Isay it is not an weet.. profits for 1602. In addition reductio of
The Chaitonn-You are entitled to your to this there has been an estimated, reduc.
fu the nat profits of the business by opinion, but it is wrong.
Mr Taylor This is the fall in exchange of $31,000.
you are allowed to feeling convinced that a time of general keep it in the books till it is written off, depression was most incpportano for in- and the very first thing an honest corn, any creasing prices, with a row to counteract would do ought to be to write it off. You its affect. In point of fact, the fall in ex-aro in a position to write it off and shareholden have dopo.
havo not done change in equivalent as regards our cus- why you tothers to a large reduction of prices. This not know. You might as well value to me yesterday and ho stated what
maice special Mr Taylor has stated with reference may be more readily seen by a comparison it at $600,000 and
Mr Taylor asked a question as to the re- of retail prices at the Hongkong Dispensary reserve fund of $500,000 to balance it, the investment in Bank sharea as a
lative writs of the aerated waters supplied with English retail prices. All proprietary Then you will go to the public-people who gambling transaction. That is a contention articles retailed in England at 2/0 have do not inquire into these things with a with which I cannot for a mament agree.
Mr Taylor Well, you have not money by Watson & Co. and Dakin Brothers, end
the Chairman assured him that, haring! boch sold by us at 2/8 and so on. Arrated capital of $600,0ki and a reserve fund of watets sold at 3 a duzen in England have $300,000. You ought to write down re-to invert, so it is not an investment.
The Chairman I considered this invost-tested the serated and pada-waters of all the serve fund from $195,000 to $95,000. been delivered by a st.1/4 a dozen, and o
The Chairman I will answer that ques-ment in bank. shares at the time it was principal makers in England and those sap- better quality, costing more to pradace, ak
Mr Wisking saked some questions with from England. The figures I have given will get on with one thing at a time Now, possibly be made. The gentleman who plied by Watson & Ch were the best. you clearly show that in declaring the In-I differ from you, and you are absolutely called upon me told me there were rumenra torin dividend at the old rate after soeing wrong. You do not know quite as much of about the town that we had bean spelet-reference to the Comping's property at the results of the bostress done, I was retail businesses as probably I do, as I have ing in bask shares on behalf of the howloon, and the building at the Prak, nad
Mr Tastor-Ought not we to wait gustined in karaming that the elasticity of been interested with them in one shaps or pany, and that the amount we have the Chairman replied. the business in adapting itself to circumotaer during the whole of my life. This is stated as an asset under the hosd of
Mr Wicking-Your remarks may be very stances, which fexture has always been ap- the proper way to do it. Everything is worth shares we really only roargin money which after disser and then resume the meeting parant in the past, would have corsted what it will focb.-I will undertako to say we had still in hand after making a big less The loss which was certain to occur on I will sell the good will of ore department which had basu written off and which as- fanny, but they are very much out of place, counted for our reduced profits. I think and like other remarka pat have made here the full of exchange rates The improve- of this business for $100,000.
only tend to make yourself as ridiculous as meat in the business done during
yen are by nature. I ses very spiry for last year promises to be exceeded--it will without the business. this. In 1892 our gross returns were the largest we ever recorded, while the first four months in, this year not only crosed the corresponding four months of any previous year, but the mouth of March oxceeds the hasiest month in any previous year, the basisst anason being easily in the autamo, Bearing this in mied and Snowing that I shall have the hearty co operation of the best and west experienced staff that it has ever fallon to my lot during the whole of tay business career to work with, I think I am justified in assuming that this temporary check in our profit will only act as an incentivo to the opward progress of the business, which as regards its financial position was never stronger than at the present time. I shall be plessed to eapplement these remarke by spswering any questions which in the interests of the Company you may think
seccants such as goods gotout for the Com of my mouth by Mr Taylor.
The Chairman-I may say a gentleman panies with which we are in connection, Mr Taylor the Austin Hotel good 3- apon me with reference to this. I wish
The Chairman-Perfectly every geatleman who has questions to sak
this aunt is paid in would give me notice if it is convenient or I shall see that this oily 200; because There is a Die TaylorI think the question was adopt the same line as three or four of our any case
who came answered when you stated the accents do gentleman in this posin
explanation. were good. We don't want any other
The Chairman-Thank you?
Company bas borno this low on exchange, book-keeping fieti not an geret bat by s in the room now was good enough to cally the Austin Hotel
of
to
Thas the question naturally arises, Where
Mr God. Ferwick
Me and Mrs H. Unk.
phreys & 3 childres Mr A. Machiner
Mr Hugh McCalam Mr LF Meyer Me J. D. Moats R Mr and Mrs. C. C. Mrs Van Nicrop
Cohen. Admiral Bury Palmer
Me and Mrs V. Kol Mr Taylor Captain Fawkes, B.R. Tooker.
loway, nurse and 215 atkl May J. T **children
Vernon de children
Quotations i
that the revenue from passengers received at the Harbour Offee would swell greatly by the engineer four years ago. The Euro- if smaller numbers of Chinese were sang peca sad and the cave slike have behaved Mr Beattie
like herres under the supervision of Messrs Mr 8. §. Benjamin gled on board steamete after clearing.
hesitate to assign it bad jos one of the Mr Hart Buck are and the answer
Rev. R. F. Cobbold European overcoors left the employ last week Mir Cochrane returned is, Where?
Kinder and Petarast. The natives do not Mr H. & Boxshall That if a check were instituted and carried and they imagine the divine powers are out rigidly and thoroughly, it is believed showing their displeasure with the unwisdom
Mr J. B. Coughtrie Me A Rose the revenue would be largely beatfitted of the management in parting with him.
Sisse Tong Xing-sing's death the manager Alfred J. Easton Me and Mrs. H. thereby That the local Government is evidently veryment has been in the hands of Chang Yi, much in earnest in regard to the proposed who is assisted by Mr Lo, a Cantonese, who emigration from this Colony to Brazil, if formerly acted as Tuterpreter to the Hunici (as I hear it is possible en capable an off.pal Secretary in Tientsia. There is of course ciel as the Protector of Chinese (Hon. 3. European staff at Tongthau, but of recent Stewart Lockhart) is likely to be sent to years it has been diminished, relatively if Brasil to make fuquiries on the spot intenst abrolutely, for the winning of con is constantly further and farther from theshaft, the whole question of protections
and the workings are steadily growing in will arrive bere a few weeks hence, and more information will then bo obtainable trade. de O'Conor, by the bye, was down than at present as to Brazilian intentions, the mine the day before the accident, and it
was be who brought the neWe. departure may Mr Stewart Lockhart's
The salvage of the Gery is now all but an not til take place for some time.
meanting the Government must be accomplished fact; the vessel is now well That
team barth, and has thwort stream
boon. out of her apon every honest effort at congratulated
moved several feet bearer the bank fu an up made to provide facilities for properly and down stream position. My Inst re- conducted, guaranteed emigration from
ference to the matter contained an error this Colony.
the shaft of the wreck was 32 feet below the surface of the river, and not below its bed.
Horexosa, May 2, 1803-
Toel the raw material has to be imported.tion first if you will allow me, so that we made as tho lesat speculative that could plied in Hongkong, he soubi tay those sup" That as the Brazilian Mission to Pektogize to meet the demands; of an extended / OPIUM-New Patua, cashj..ë das
fis to put
The Chairman- --I will undertake to szy I will all the good will of one department of this business within a month for 8100,000 and leave a mest pr filable basinsan still to tho shareholders which will be worth co- other $100,000 (applause),
Mr Faylor-You can it do it because the good-will cannot be distinguished from the business as long as it is a going con. cars.
The Chairman-I beg your pardon, I could sail the good-vill of part of it if liked.
Me Taylor-I doubt it.
I
yen
The Chairman If there are no more questions I beg to propose the adoption of the report and statement of accounts.
Mr Wicking-I have much pleasure is so- coeding that.
Agreed.
The Chairman beg to propose the re- elections of Mr Cacer Hawkins as auditor for the ensuing year.
Mr Wicking seconded. Agreed.
Mr Taylor-You cannot noll the good-have fairly stated it. This is one of there things that get shout this place. There is nn use in making any comment upon the
Mr Hoogb-After the way these mints people the do oirealate such ramours bo- cada anything you could say from your have been threahed out it might be just ús mouth would run them at wall to put the aution before the mesing, rhinoceros hide Tey are lost to all sense of shame-people who circulate these rumours knowing them to be fase, probably to make a litle burstaves. Certainly, this rumour was waa absolutely false and has no foundation whatever in point of fact. It is a pare invention, and you must noturslly think it is invented by domebody having something to gain by it or hy somebody who wielics somebody else: to lose by it (heat, hour). In reference to the Bank shares, the amount in question represents 200 shares ought immediately after the issue when we had sarplan money Holiday.
Mr Taylor (as the meeting was dispersing) in hand on which to gat interest until it: could be absorbed in the business They said to Mr Wicking-If you turned Jour were bright on 20th June lass at 108elf upside down you would be dressed with precorum, the rate of the day being 110. sen ears.
Me Waking Mr Taylor, you are patar- They were brought from Mr John Orast
Mr Wicking-Then these shares show no ally a fool." loss?
The Chairman-No; £400 has been re- ecived in dividends, and the broker's note, if anybody double my word, can be showe to anybody who likes to see it. Have I fully answered your question, Mr Bough? Is there anything else you want to know shout it!
The Chairman-You may doubt it, but what I say is a fact; and something more than that, I have received off for it in the past exceeding the figure. I have named.
Mr Taylor-I am alluding to a question f accoust, That $100,000 of capital is in vested in the good-will, and when you go to the public with a reserve fond of $195,090 gon are misleading the public.
Mr Hough-You are, I suppose, were
The Chairman-That is your opinion, and that I repressut a very large interest in this company, so it is with no idea of idle heckl you are entitled to it, and if it is the opinion ing that I rice to speak. There is a rumour of the shareholders it will carry great weight going around that Watson and Co. ere suf- with me, but if it is an isolated opinion fering very largely from a loss occasioned only held by ourself I will not attach any by the disappearance of the Tientsin com-weight to it whatever.
Mr Taylor-I will move a resolution that pradora. I should vary much like to know
if there is any rath in that and if the reserve fund be written down to
the shareholders of the company have to $65,00) and the good will written off, and look forward to meeting a loss on that then we will see.
hend.
The Chairman-When I propose the The Chairman —
The moor
was adoption of the report and statement of brought to ung nolics yesterday by accounts it will be open to you to put an two or three friends. I have much amendment and then we will take the sense pleasure in saying it is absolutely of the meeting open it.
Vary wall. The next point Mr Taylor-Va without foundation. Of course it would be
I want to refer to is the 832.000 in Hog- impossible for such a lows to have occurred without my knowing it, with the telegraph kong and Shanghai Bank stock. If this betoon here and Tientsin. I did not even company is going to hecome a gambling think it worth while to telegraph to know factor in the share market the sooner the a loss, and it could not shareholders are informed of it the better, if there was
Who in The Chairman A gambling factor, I in any caso have happened. vents these things and puts thom int think you said, Mr Taylor.
Taylor-Xes. circulation I do not know. The object is perhaps apparent, but it is not creditable
to the parties who do it. Perhaps you will
Mc
Mr Hough No, sir.
Mr Wicking-It has been currently re- ported that for any months past the Grm of Watson & Co, was speculating largely in Bank share. It turns out that there is no truth in the report. But it has had a sỌ... rious effect upon the stock. It seems to trave book a mest malicious, a must up- oiled-for, and a most unjustifiable assor
The rumours must tion. The shares held setoally show a profit instead of a loss.
have been made for motives that were not straightforward (applause. My interest exceeds $000 shares, and in spite of the rumours I never parted with a shore
The Chairman You cousider an invest-When I was told this story, I resolutely re ment in Hongkong and Shanghai Bank fured to believe it. I called upon you, Bir,
and asked you if thora abares represented
The Chairman-Dividend warrests will be randy on Tuesday, se Monday is a Bunk
m
FRAGRANT WATERS' MUEMUZ That the latest idan originated or revised by the energetic Dr Cantlie is that a great Eastern World's Fair, or Industrial Ex- hibition, be given la Hongkong within the next eighteen monthe.
For Bast.
Although the notion is not altogether new, its adoption and the sunces of the acherse (if carried out) will owe much to the worthy Doctor, whose energy is well known, and who may by anticipation be decaribed as the Sir Joseph Paxion of the That I hear the proposition meets with ap
proval by all the Unofficial Members of Council and many of the leading bankets and morehants of all nationalities, and that if the scheme be at all feasible, it will likely become sa metual fact. That Hongkong is certainly the best spat for such a gathering, being centrally situated for commualation with China, Japan, Manila, Duïmah, India, Australia, America, and European countries.
allow me to supplemont that remark with glazes is gambling wish to say it is not their present value or if there was proft! That in Shanghai a proposal was made ul
a suggestion from the Secretary. He
informs me that $4000 have quits recent
ly been transmitted from Tientsin, which is
a comparatively small branch.
Ban Taylor Yes,
I
an investment, because on the other side of or loss, and you told me there was spars
the account you will find local and general capital and you thought the beat way to Habilition $168,000.
utibia it was to put it in this stock, and
The Chairman-Stop. Ous thing at a any one who knows the stock mus: kaue
few years ago to hold a similar exhibition,
but the Customs duties presented a bar rier which here fortunately does not exist.
That the telegraphio news received here anouncing that the Supreme Court of the United States had decided that the Geary Law was constitutivari must have bess a staggerar to many Americans in That it would be interesting to read the grounds upon which admluedly able jurists founded such a decision in a free country like the U. S. A.
must further be my own censor as to the stato of the river. So far from causing an tioty, it is la ospitat cradition; a steamer came up the other day drawing 12ft 6io. The inconsistency of the various reports ie easily accounted for if a steamer is but few feet laterally out of the deepest channel, the leadsmen give yery different soundings, That it may prove of very great interent to and the skipper for that voyage concludes
American residents in Chius to watch the that things are looking awkward.
The ie Race week and we are fali of attitude of the Chinese Gorerament upasather fears, and the usual excitement this most imporivat matter,
Toslin
-
cash, 660
New Benaroy, cash; ** a
!!
014
New
crodis, 620 Allowanes, Latties, 12 Old Halwa, credit, 630/40 Allowance, Catties, 1/2 -Persian, Oily, cash, 170/60
Allowance, Dattina: 2/3 Porisa, Paper tiod. 460/60 Allowance, Caition, 2/6
CHINA COAST METEOROLOGICAL
station,
Wrostook.
REGISTER
May 19. 4 EK.
Temperature.
| | | | 18||148
That Di Doberak is reported to have under-over the unknown. Visitors are not so
numerves an usual, buf euroat-lying suburbs Tokic 30.00 - Laken the enlightenment of the seafaring ve not yet sent is their contingent. The agasaki.. community upon the theory of typhoone, and I do not doubt for a moment the kind Neptonials from Taku and the Plutonists Shanghai 20,80 71 85
Foochow.. trein Kaiping will be here when the crisis intentions of the worthy Doctor.
Anping 29.70 That I have heard the opinions of several mes, Mr and Mins Bush of Newehwang Amoy......29.71 77
practical
Swatów.... 29.74 man who have gone through ara es far the only visitors from other
outporte, typhoons with their vessels, or ran sway The Bank has for some months been con- Canton... 29.91 from these stores (which is better), and they fully approve of the proposal that Detracting its paper issue, and indeed the Hongkong 29.71 Boberek should persevere in the study of dollar soles are being withdrawn altogether, Vict. Peak
ae Mexicans are refused. by the presiding Gap Rock, 29.74 lega. in reply to the continuous complaints genius of the Totalisator. This hea put Macan 29,72 gainst the local delivery of lettere by the ur modest gamblers in a fiz, but the Holbow...]
Haiphong.49.7 postmon, Lean only suggest representations Stewards and Mr Wa, the Bask Compra-
129/19 to the Governor, as the Acting Fustmaster dere, have, oams to Les rescue with regoti- Bobinao.... 23 General has evidently ure work than able tokens, Thirty-three panics from Manila... 20,76 80
fifteen stables have been entered. Peking .8. Janase ho can successfully zoomplish. That the incorporation of the Mesobie Bais represented by two stables, and Tengahan nevolent Association, does not proceed by four. There are pine nepirants for the with that despatch which might be ex-honour of the Maiden Plate. The races
Nagasaki.. pected considering the object of the exolusively for Chinese riders are the Tokio.....
Celestial Piste, the Mongol Cap, and the
Shanghai.. Society. That I have heard a whisper of the source Tongkan Cup: these have respectively Fooshow:
of obstraction, but cannot quits believe sight, eight and fourteen entries; this in
Ainoy 29.77 75 it, and will wait for further develop tale evidence that the innovation has not
been boyoutted.
Auping.... Swatow...29.79 83 Two rears ago the Viceroy sanction.da Usaton ... That to judge from the admireble sketch of
the China Pony, which appears in a re- tentativo effort in the direction of the Hongkong 29.77.81 cently-published Graids to Hongkong, the height of these little steeds has been rate ed from 12 or 14 hands and upwards to
mente.
12 foot 3 inches!
That strangers will be glad to
Martin
May 20,-Ar
Wl'ostock.
20.73
feb1. | Derection.
making of steel by empowering the Eastern Vich Pol Arsenal Tuotsi to ret up a steel shop. This has been done in a most thorough 129.70 88 end workmanlike manner by Mr James Bolkow Stamart, Superintendent Engineer to the
Elaiphong. know Arsonal
A plant (by Greenwood and that a laddor la not necessary te Batly of Leeds) which embodies all the Bolinso... 29.84 89
Manila... mount one of these ponies, as this extreme recent improvements in the meus 08.James --- height exists only in a prister's error,
process has been fitted up;
Un the 20th at 10.27 am, Barbruntun That Captain Anderson has been giving the necessary experts, emelter, forger aud
some very valuable hinta abost all kinds analytical chemiathare arrived, and are falling. Gradients gentle-sea” emoria. of coal, and that his opinion of Charbon-aben! to begin operations. At first they Weather-cloudy, warm and showery, will limit themselves to steel shot, but it is
A. DOBRON nages is favourable.
Fully anticipated that email (6) ordnanes
Assistant Meterologist me
gives of Bungay coal will be verified by The whole thing has been an constructed
Hongkong Opeervatory, May 20, 1593, 2 general consumers, and that the prosperity that it can be developed to any extent. ∙1, Bangwurza, reduced to Ek degrees K'akron- of the Colony may yet be achieved by the Mr Eustace Target, who has been here nolt, and to thelevel of the sea in Inchos, tenths, Buccessful consumption of this Teakin for six months building the faraase, tas and hundredths. produet.
now gone to Hankow to do the office for Chang Chib-tung's great experiment.
satisfactory; but you mention a loss of time. Have you any question to ask about that there was no security in which That in place of an Eifel Tower a graac That it is to be hoped the good opinion hell be undertaken in the immediate future.
Mr Hough That, I am sure Sir, in very $16,000 for another department. give us any information about that!
Can you
it
I think
the bank shares? You are now making a could have been more judiciamaly more statement, not asking a question.I can't wisely or more safely invested,
it is very unfair to pass round these reports The Chick The matter is now go into half a dozen things at once. I under inquiry and while it is un-sked if there were any questions. I don't so persistently without any foundation.
Taylor-I think the explanation der inquiry I would rather not say want to know your opinion. I want to too much about it. But it could not pos know whether you have any questions to
ank. sibly have been anticipated by us, for the reason that the cash returned from the Mr Taylor-How can I ask questions branch a question was greater than in unless I make remarks? any previous your.. We do not get the balance sheet until May
Mr Wicking-You would not receive the balance sheet until the stocks are laken.
The Chairman--The stooks so taken it the end of the year but it takes a long time to balance them and the people who have
is perfectly satisfactory, but I would add they ought to be realisad, because instead of having e credit balance you hats a doble balance.
The Chairman-Where do you find a
The Chairman-Yes, but you mună put your question first and then com- debit balance? mont on it.
I have not only to Mr Taylor On the other side of the counider my own time, but I have accom, $168,000. to keep discussion within reasonable
and picturesque Pagods might be coa- stracted which would outshine any piece of work of the kind over aoen in thes parte,
BROWNIE,
That, ameaning the question of a guarantee fund werd got over, perhaps the most serious difoulty to be overcome would be the housing of the thousands of Chinese who would come to see or to buy, That this dioulty would perhaps be best
THE TEA TRADE AT HANKOW. surmounted by a Committen composed
A correspondent of the N.-C. Daily News principally of Cainese, whose commercial Instincts would doubtless find a mode of writes under date: May 11 :— Bolutivo,
Busters of almost all descriptions have
Taurssitoan, in the shat, in degrope
Fabrenbait.
8. Huwer, in percentage of saturation, the *****-*-* | humidity of sir mainnsted with moisture hàng LAVED CONFLAINTS-Dr King's Dandelion 100, and Quinine Liver Pilk, without fercury, aro a DIRMATION OF Winn, to twa pojuta." #5. potent remedy; ramore all Liver and Stomach 5. Fordz or Winn, sccording to Hearters Cooplaints, Bilioness, Headache, Sickness, Bealo.
6. Szize or Waarnar, & dine sky, asta- Shralder Fams, Hoartburn, Indigestion, Con-
The Chairman-Will-you allow me to say That the healthy stimulus given to tra-low been placed in the market, and as a stipation. Male only la London. Sold every- thebed ɑloads, d'Azizaling relo, ƒ fog, s, giovane -
bounds. I wish for the fullest possible in that I am not at the present moment gairy and the fullest possible explanation, answering statements but questions; will but s question is a question. If you stato you put a question and then I will com. a question then you can comment upon the ment upon it. reason for asking it.
era trade
here.
CENE SKIN DISA-Sulphuline Lotion
A hafi, lightning, o overcast, p passing showary, equally, rain, annow, i shundas, y vizibilde daw (wet). Raw, is inches, kotha and hundredthe,
and commerce by such exhibitions is gene erally conceded in these days, and if the whole quality is disappointing se natives on
ickly drives avay Eruptions, Pimples, Bot. Governor will-but take the matter up and sides predicted an extraordinarily fibe
chi, Rednses Eczens, Acne. Disfigaroments, leed a helping hand, the Industrial Exp
Of Kiakiang tess, Ningobows are der-Roughness and Souri, &c, leaving a clear, spot- hibition of the Far East may prove the tainly the beat yield, being for the most lers Shin and beautifal Complexion. Sniphotos turning point of our prosperity, and furnish a new departure for the Far East part very fair in oup and though in many is a bozessity for the skin, especially in bot caper the dry leaf is exceedingly had, a climaton., Mudo in London. Sold everywhere bance of tarry-foured-tens. Keeman TO OVERCONE WRATES-Pepper's Quiník with the object of stopping the Reclama. That a petition has been going the rounds Roticeable feature is the almost entire in Shiting Bottles.
worse than last eroe and Iron Taufe gives New Life, Appetite, Health, Cares Neuralgia, Indiges fat showing great want Strength, Energy. Extension will seriously depreciate the
ilon, Nerve Dability. Specially useful in hot, The Uhairman-In reference to what valus of landed properly elsewhere,
Haukew Hinds seem in спр alaust above depressing climateur malarious districte. Every buve nat heard whether you said in commute to the local and ge- That L
hare in assord average, though of bad dry leaf. Qantas sue should keep up strength by taking Peppers's the marine lot owners
gaining, the world-kuwa English Tonis. Bot. Forcu oral liabilities I will give you some explan
the proper of this petition, and Youyaons seem the more desirable.
Business in all kinds has been slow, as everywhere. ation of them. In point of fact, I gave them
Mr Taylor-Will you sell these 200 To Darken Grey Hat Lockyer's Sulphur Her Restorer is the quickest, best, safes); cosis Mr Taylor I will pass that and I will Bank shares at current rates as soon as you Jon, effem more than any other. The coler ask a question, Will you tell me why cant
The Chairman--I will sell the Rank pendroed is sanst natural. Lockyer's. Bulphur the value of the stock in the North China the only English Hair Restorer nairersally Insurance and the Hongkong Fire Insur anos Companies are set down at 89,770.16; Will you tell me why in the year 1889-
The Chairman-Wait s miours and come nearer.
soid.
A FAID, BEAUTIFUL SNSulphotine Soap gives the natural tint and path-like Bloom of a Perfect Complexion; maken the Skin smooth, apple, healthy, comfortable. Balphaline Soap, 6d. Tablein. Everywhere."
To The Der Herbert Clifton's new system
of completely caring all forms of Deafnese, Haad
Me Taylor-Holding a paper before the Chalman and pointing to certain figures) Will you tell me why in 1889 they were
shares at what I think the most judicious moment in the interests of the Company.
Mr Taylor-Thank you; that is quite satisfactory.
Mr Taylor--I don't want them; please pass them over.
The Chairman practically repeated what be aid at the last meeting with reference
to the usual custom of fortnightly and work-
at these Bgures! aby do they go hopping up at a previous meeting, Noises, &, is being read all over and down in that way Why don't they the world. Numerous unsolicited testimonials. stand at their cost instead of going hopping Thomen. Richards, Esq. of 4. Dawlish Street, up and dorn like that? South Lambeth, BW, writes (after being a
The Chairman-You have dropped the maliserer fer-18 years) imbang I have had my Bank shares,
spparently. expectations suply faldled, as I am now this to heer quite wall, and without the less effort, and the terrible baises in head have not appeared again. Pamphlet with full advice post free, H. Clifton, 51, Upper Kenalogtes Lane, Lo Bon, B...
· Mr Taylor--No.
The Seorotary-Mr Hough asked about bank sbores.
ly balances in retail businesson.
Mr Parlane-Will you give an explana- tion of those two amounts-the $600)
The Chairman-Well, I will dispose of sad also of the 816,03 you have mention.
Me Taylor Grat if he will sit down." Theled?.
Loss Are
of point and
tion works, on the found that the Praja andarely have dark infusi
with
but many residents directly interested
in the Prufa Beslamation believe the operators are working on a rapidly falling
zúarket.
HONGKONG REGISTER.
Previous ¡De dale al) On dAWEI ||layalipan) 10 mm.
Barometer... Temperature Bumidity Direction of
20.71
29.77
84
81
69
83
Wiod
SW
1
0
Weather
Ows Box or CLARKE'S B 41 Fos is Rain. rranted to care all discharges from the
extensionpremature at the present S8 Glengarry, and a.s. Prim, adver-rinary Organs, in either sex (acquired or moment, will undaly drain the capital ofine as intended second steamers for tonstitutional), Grevel and Pains in the
Higket open air bezpetalize on the SKILLED Lovent open kit semimeamuru un (kg 19÷má37_1}]
Telegraphic amnestion betwcome : Hùng-
the Colony, and overburden many persons Loados; a Moyane not yet circulated: Hack Guarantoad free from Mussury, kong and the Observatory is interrupted concerned.
That there is in doubt a vast change has
come over, Hongkong since the Freya sobeme was firet decided upon and the Arrivals estimates of set and outtura were first Settlements
Stork Bh.
Oquam, Oupack. Kiukiang. Sold in Boxes, s. 6d. esch, by all Chemists since 2.15 p.m. on the 20th chests, -ohcote, chests and Patent Medicine Vendors throughout 92,584 105,497 108,20 the World. Proprietor THE LENDOLS AND
23.133 17,828 MIDLAND COUSTERS DAUG COMPANY, LAU 23.949 08,036 82,390 83,881 colp, England.
A Donst Assistant Meteorologu aš, Hongkong Obervatory, May 20, 1835