THE

Hongkong Weekly Press

AND

China Overland Trade

Trade Report.

HONGKONG, WEDNESDAY, 19TH FEBRUARY, 1896.

Direct Trade in Japan and the Compradore

VOL. XLIII.

CONTENTS.

Epitome of the Week, &c.....

Leading Articles :—

Progress in China

System

Sketching the Forts

A Russian Protectorate for Korea..

Bank

Supreme Court.

Sketching the Lyemoon Defences...

Trouble in Korea....

Formosa

Hongkong Sanitary Board..

Mr. Jackson and the Hongkong and Shanghai

The du hrie in a Cyclone.....

The Edgar Relief Fund Concert

.145

..146

116

.147

.147

147 .147 .148 150 130

There have lately been renewed reports of an- other intended rising at Canton, but they do not command much credeuce.

Mr. Kato, Chancellor of the Japanese Con- sulate-General. left Shanghai on the 7th February for Soechow, to take over from the Chinese officials the new Japanese settlement at that port.

Li Hung-chang has, it is reported, been or dered to proceed to St. Petersburg to represent the Emperor of China at the coronation of the Czar. Japan, it is also reported, will be re- 150 presented by Marquis Ito.

..150

150 i

Hongkong and Shanghai Banking Corporation150 Hongkong and Kowloon Wharf and Godown Co.,

Limited

151 153 153

153

Cricket

Green Island Cement Co., Limited

The Reported Intended Rising at Canton

The West River Question

.153

Japanese and Customs Duties in China

The New China Loan.....

The Customs Returns

The Builway Question

A Point of Yacht Racing Law

A Great Railroad Deal

Hongkong News.

Peking and Tientsin

Tsingkiangpu

The Russo-Chinese Loan

Mr. Curzon ou the Far East

Commercial

Shipping

MARRIAGE.

183

News received from Ningpo reports that agents of the proposed railway line between Shanghai, Soochow, and other cities have con- tracted with the brick-kiln companies of Ningpo for all their output for 1896.-N.C. Daily News,

It is reported that the estimated expenditure upon public works in Formosa this year will 153 alone amount to 30,000,000 yen. divided as

follows:-Making roads, 6,(KFLIR)? yen ; 14structing harbour at Kelung. 4,000,000 yen;

construction of railways, 20,000,000 yen.

154

354

134

.155

155 .135

.135 ...156 158

cou-

There has been another shuffling of the political cards in Koren and the King has taken is refuge at the Russian legation. A hundred men and a gun have been landed for the pro- tection of the legation, and other foreign powers are taking similar steps for the profee; tion of their respective consulates. It is believed that the declaration of a Russian protectorate is imminent.

On the 7th January, at St. Francis de Sales Church, Wulton, England,by the Rev. Father Koogaan, JOHN DALTON, Imperial Maritime Customs Service, China, to Maria Griffiths, daughter of the late JOHN HOLMES, Derby Road, Kirkdale. 140

DEATHS.

At Luginsland, Peak Read, on Friday, the 14th February, BERTHA, the dearly beloved wife of J. KRAMER, aged 35 years.

[462 At No. 4, Knutsford Terrace, Kowloon, on the WINDELIR 15th February, ANNIE BEATRICE HASLEWOOD, wife of Huon Sertimus Cooke. [471

ARRIVALS OF MAILS.

The French mail of the 17th January arrived, per M. M. steamer Ernest Simons, on the 17th February (31 days); and the American mail of the 18th January arrived, per P. M. steamer Peru, on the 18th February (31 days).

EPITOME OF THE WEEK.

A. Masonic Ball was given at Hongkong on the 17th February to celebrate the jubilee of Zetland Lodge and the introduction of Free- masonry into Hongkong.

The annual report of the Green Island Cement Co., Limited, shows that after writing off $1,805 for depreciation there remains $12,441 to be carried forward to new account,

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The half yearly meeting of the Hongkong and Shanghai Banking Corporation was held on the 15th February, when the report and accounts wero adopted, and the directors, chief manager, and staff were complimented on the results of the half-year's working. stated that the services of Mr. T. Jackson us chief manager had been secured for a further term of three years.

Kowloon

It was

The annual meeting of the Hongkong and Wharf and Godown Co., Limited, was held on the 17th inst., when the report aud accounts were adopted. The amount available for appropriation was $69.816. An interim dividend of $1.25 per share was paid in July, and the report recommended a final dividend of the same amount, making per cent. for the year.

+

No. 8.

It is reported from Japan that M. Gerard, the French Minister at Peking, is about to return home, having been appointed Chief of the Administrative Burean. M. G. Dubail, Consul-General at Shanghai, will succeed M. General at Yokohama, will go to Shanghai, Gerard at Poking, and M. Klobukowski, Consul-

Amusing reports are in circulation as to the social friction which has arisen in diplomatic circles at Peking in consequence of the dis- satisfaction of the French and Russian Ministers with the constitution of the newly elected Com- mittee of the Club. The washing of dirty linen has gone to such lengths that the French Minister has taken steps, it is said, to debar the general community from the privilege of using the laundry of the French convent.

The annual general meeting of the Shanghai Land Investment Company, Limited, was held directors and the accounts were unanimously on the 11th February. The report of the accepted and passed and a final dividend for the year of 43 per cent. was authorised to be paid. The directors were also authorised to issue debentures to an amount not exceeding Tls. 2,000,000, with interest not exceeding 6 per cent. An extraordinary general meeting was subsequently held at which the articles of association were altered.

The Kobe Chronicle says: -We learn on the best authority that a service of steamers is about to be established between Java and Japan, call- ing at Hongkong, Yokohama, Kobe, and other ports. The steamers will be under the flag of the Koninglykon Paketvaart Maatschappy, and the service will be subsidised by the Dutch Government. The first steamer is expected to reach Yokohama at the end of April. There is at present a want of communication with Java, and such a service of steamers will doubtless foster and develop the trade and commerce be- tween Malaysia, China, and Japan.

The report of the Hongkong and Whampoa Dock Co., Limited, for the half-year ended 31st December has been issued. The amount avail- able for appropriation is $483,974, and it is proposed to pay a dividend for the half-year of 8 per cent, and a bonus of 4 per cent., amoun tiug together to $187,500, a bonus of $20,000 to contributing shareholders, a bonus of $22,000 to the European staff of the Company, that $200,000 be passed to reserve fund, and the

The.

balance of $54,474 carried to new account. net profit for the half-year, after deducting directors' and auditors' fees, amounts to over 25 per cent. on the capital of $1,562,500.

A Tokyo press despatch of the 5th February states:-" The Government has decided to pro- hibit the import of opium to Formosa, but will establish a Board which will grant permits to

A Tokyo press despatch of the 1st February confirmed opium smokers who can prove that reads:The Government, it is stated, has ad- abstinence would seriously injure their health."

dressed a communication to the foreign powers Another despatch of the following day says:-

with which this country has entered into com- "It is reported that opium will be made a Gor-mercial and mercantile treaties, announcing ernment monopoly in Formosa.”

that the subjects of those countries may reside and engage in commerce at Tamsui, Kelung, The Tientsin correspondent of the Mercury, Auping, Tainan, and Takow. The Chinese are writing on the 24th January, says:-The cou- also permitted both to export and import at tract for building ironclads, cruisers, and tor- four ports, Tainan being excepted. Notwith- pedo-catchers has been placed in Herr H. standing the peculiar customs which obtain in Mandl's hands. The sum required to carry ont Formoss, the rules and regulations agreed upon this contract is said to be fixed at TI§. 17,000,000. between the foreign powers and Japan are made He treated several of his friends to bumpers at opérative in Formesa, so far as is practicable. the new club, and his friends responded with Foreignors availing themselves of these pri- much enthusiasm by Hoch soll ef lebin, drci | vileges and conveniences are required to obey

the laws as administered in the island.

At the Hongkong Police Court on the 17th February three officers of the Russian man-of- war Vladimir Monomuch wore fined $50 each for being found in the immediate vicinity of ons of the forts with the intention of sketching. } mahl koch.

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