Page
February 19, 1896.]
CRICKET.
THE CRICKET Club V. THE
UNITED SERVICES.
This match was commenced on Thursday morning and after the first day's cricket, played under most depressing climatic condi. tions, was abandoned as a draw on Friday morning, the ground being quite unfit to con- tinue the game on. It is to be regretted that the match was ever started, as it has completely | destroyed about half of that portion of the ground which is reserved for match pitches, though it was perhaps difficult to forsee this. The Club team was a fairly strong one and the Services were, with the exception of Knox, fully represented. The play calls for little com- ment as the bowlers from the outset found it difficult to stand, much less exercise any control | over length or direction and as a consequence it was almost impossible to get a wicket. Campbell played very patiently and in excellent style for 156 not out, being at the wicket the whole day. He and Perry Ayscough put on 181 for the second wicket before the latter was dismissed for a well played 82. Subsequently Vallings and Eccles made substantial contributions to the score. All the bowling was handled with little ceremony from start to finish.
The band of the Hongkong Regiment by the courtesy of Col. Faithfull and the officers played | on the ground during the afternoon and en- deavoured to relieve the general gloom.
The following is the score :--
UNITED SERVICES.
Lt Perry Ayscough, R.N., st. Arthur, b Maitland
CHINA OVERLAND TRADE REPORT.
PROFIT AND Loss Account, 31ST DECEMBER, 1895. Loes on consignments
Bad debts
Interest
Auditors' fees
Consulting Committee's fees Legal expenses...
Depreciation for November and December, 1895
Balance
Profit on sale of one share in the Hongkong
and Whampon Dack Co., Limited Proceeds sales of surrendered sharea Balance of working account
$
153
river to foreign trade that Great Britain do 109.19
not take back the territory coded to her by the 35.50
Burmo-China Convention. It should here be 5,533.21
said that Great Britain, with the view of punish- 400.00 1,500.00 ing China for breaking the treaty in relation 1,219.55 to the cession to France of Mungu and Utai in 1,895.85 Chiangheng province, now demands the opening 12,144.18 of the West River and the retrocession of the Burman Shan territory handed over by treaty $23,047.48
to China. The conditions have been wired to Lord Salisbury and an answer is daily expected. It is not likely Lord Salisbury will agree to it; China will therefore lose the nosly ac quired territory and have to open the river.
48.00
470.00 22,530.98
$23,047.48
BALANCE SHEet, 31st December, 1895. ABLETS. Buildings and machinery at date
$ c. of reorganization 31st Oct., 1895 180,585.08 Less depreciation 2 months......
Furniture
Stock
C'ement on hand and in process
of manufacture
Cement on cousignment
Raw material
Coal and coke
Casks and gunnies
Machinery and general stores
Macao office
$ C.
1,805.85
178,779.23 751.54
35,128,30
1350.00
6,458,00
6 970.60
891.55 8,641.54
59,439.99
[A Reuter telegram states that no ultimatum was presented, the representations made being of a perfectly friendly character.]
JAPANESE AND CUSTOMS DUTIES IN CHINA.
Tokyo, 4th February. The Oficial Gazette publishes to-day a report from Baron Hayashi concerning the duties imposed on tobacco and saké imported into China, Buron Hayashi states that having received a report from Mr. Eitaki, the acting Japanese Consul-General in Shanghai. that the Shanghai Customs-house persisted in placing duties on Japanese saké and tobacco importel into China, he communicated with the Viceroy, pointing out that this was a breach of the Bakan Treaty. To that lette he received a reply stating that the Viceroy had telegraphed 6,111.54 | instructions to the Shanghai Customs-house 9,112.70 that, pending the ratification of the Com- mercial Treaty between Japan and China, $254,195.00
duties should be calculated on Japanese goods on the same basis as in the case of other for- eign powers.
Cash-
Hongkong office
605.91
128.71
Hongkong and Shanghai Bank-
ing Corporation.......
5,376.92
G. D. Campbell, H.K.R., not out
156
Sundry debtors
Surgeon-Major Johnston, A.M.S., b Firth
1
82
Rev. G. Vallings, c Anton, b Greenfield
43
Capt. W. V. Eccles, R.B., b Lowson
44
Surgeon Pead, R.N., b Lawɛon
6
Capt. Dyson, A.P.D., l.b.w., b Lowsoa
10
H. M. C. Elliott, R.N., not out
Capital, 20,000 shares les 1,192 shares unissued
—18,808 shares fully paid at $10
ន C.
188,080.00
1
Debentures-
Extras
21
Undrawn..
Drawn but not presented
$35,000.00 3,100.00
304
Due to General Managers
Sundry creditors
Balance of profit and loss account
Total
GREEN ISLAND CEMENT COMPANY, LIMITED.
The following is the report for presentation
LIABILITIES,
38,100.00
THE NEW CHINA LOAN.
Writing on the 24th January the Peking 8.205.36 correspondent of the N. C. Daily News says:—— 7,365.46 The negotiatious for the loan of the additional 12,444.18 hundred millions of taels of the Japanese indemnity are still proceeding. The Chinese Government have had offers of gold and silver loans from nearly all nationalities. The Chi- nese wish to accept the lowest offer and they at
$254,195.00
to the shareholders at the seventh ordinary THE REPORTED INTENDED RISING the same time want to be convinced of the annual meeting to be held at the office of the General Managers Wednesday, 19th February:--
Annexed we have the pleasure to lay before share- holders a statement of accounts of the Company for the twelve months ending 31st December, 1895.
The gross profit amounts to $14,250.03 and after writing off $1,805.85 for depreciation during No- vember and December there remains $12,444.18 to be carried forward to the credit of this year's
account.
Sales for the year show a considerable increase on those for 1891 and there is every reason to believe that this improvement will continue during the current year. No effort is being spared to push the sale and to help consumers to become better acquainted with the good qualities and merits of the Company's cement which is now generally admitted to be fully equal to the best brands imported.
The factory was kept working full time from last March, stopping only for the necessary overhaul at the end of the year, when all the plant and machin- ery were thoroughly cleaned, repaired, and put in good working order. The result of working full time has been a proportionately much larger output which it is hoped may be still further improved upon this year.
"In accordance with the resolutions passed at succes- sive extraordinary general meetings of shareholders the capital of the Company was reduced on 31st October to $200,000, and the buildings, machinery and other property of the Company written down to a fair valuation.
CONSULTING COMMITTEE.
The death of Mr. Poon Pong, which we record with great regret, left a vacancy on the Board which was filled by the appointment of the Hon. C. P. Chater. Under the provisions of the articles of association Messrs. Ewens, Li Sing, Orange, Fenwick, and Chater retire, but offer themselves for re-election.
AUDITORS.
The secounts have been andited by Messrs F. Henderson and J. H. Cox, who are recommended for re-election.
SHEWAN & Co., General Managers.
Hongkong, 12th February, 1896.
AT CANTON.
Shanghai, 10th February. It has been already announced that there is to be a more serious rising at Canton after the holidays, and we would warn the authorities that the plans of the revolutionary Committee include attacks on foreign property by means of incendiary fires at other ports in the north as well in the south of China, whereby the attention of the Chinese government may be distracted, and a clearer field may be left for the operation of the conspirators in Kwangtung. The news of this has come to us in a very un- expected way, but it should not be treated with contempt, and our authorities foreign will do well to be vigilant. The plot is a Cantonese one, and as it is the Chinese government at which the attack is aimed, it is not intended to employ riotons mobs, lest injury should be done to the persons of for- eigners.-N. C. Daily News.
native
THE WEST KIVER QUESTION.
and
The Peking correspondent to the N. C. Daily News, writing on the 24th January, says --
Another ultimatum was presented on the 17th to the Tsungli Yamên by the British Chargé d'Affaires demanding the opening of the West River. The Chinese Ministers have, among themselves, resolved upon this step in the interests of their own revenue, and very little pressure is needed to influence them to adopt this action. They see that unless this is done the trade of Kwangsi, Eastern Yunnan, and Western Kwangtung will in a few years flow southwards through Tonkin and the duties thereupon will be completely lost to them. An answer was to be given by midday on Sunday, the 19th. The Chinese government like other governments want some quid pro quo and so they have made it a condition of opening the
ability of the lenders to implement their en- gagements. Up till now the Chinese were firmly bent upon contracting only silver loans. The state of the market and the higher rate of interest charged have opened their eyes to the advantage of a gold loan. There has for some years past been a strong opposition to negotiating on the gold pound-gold francs, marks, dollars, or any other thing, but not pounds. They now find that whatever they adopt must in the long run come to the London market and be calculated in pounds sterling. Their opposition therefore to British currency has now entirely disappeared. They have had tempting offers of silver on a silver basis from the United States, the interest calculated at 53
In the
per annum and the price at 973. They were advised to close with this offer at once. meantime a certain Jewish ́ financier bas ap- peared on the scene, has rented a house, and has at once begun the attack, and boasts of showing how things can be done. He offers to negotiate the loan at the unprecedentedly low figure of 4 per cent. silver. The par- ties making this offer have started recently from
sad Shanghai overland
we await their arrival with no small anxiety. I withhold their names. How this is to be effected must be left to the Jewish mind with al the backing of rich Vienna Jews. The Hongkong Bank offer of 5 per cent. and the price 893 is still be- fore the government and in the end is likely to be adopted. The standing of the Bank in the East is known and it has secured a syndicate, it is believed, in London to take it up. The Chi- nese Government would like better terms, but with
the 6 per cent. gold lean of the Chartered Bank standing in the market at 108 and the 7 per cent. silver loan of the Hongkong Bank standing say at 117, the price demanded by the latter Bank for the new loan does not seem unreasonable. The price will bring up the new loan to a frac- tion under 6 per cent., at which it can be floated by manipulating the Chartered loan and raising