406
LIABILITIES AND ASSETS, 30th September, 1897,
LIABILITIES.
7,838 fully paid-up shares, Tls. 100 ench
Overdraft at bankers..
Suspense account
American Trading Co
Balance of profit and loss account
ABSETZ.
Buildings and land improvements
Plant and machinery
Tls
6,277.21
30,111,89
THE HONGKONG WEEKLY PRESS AND
[November 24, 1897.
1-In consequence of an apprehension which was entertained at the beginning of this year that there was going to be a reduction made in the Navy Estimates submitted to the British Parliament in March, a petition against any such reduction was circulated by this branch and was extensively signed in Hongkong and some of the neighbouring ports.
have co-operated with the Cricket Club to render | tion of the Hongkong branch of the Navy the visit of the Straits and Shanghai Crick t¦ League during the past twelve months. 783,800.00 teams a pleasant one. By the courtesy of their 367,360.40 Committees all the members of both teams were +452.05 made honorary members of the Hongkong Club, the German Club, the New Club, the Royal Hongkong Golf Club, and the Victoria Recreation Tis. 1,232,002.69 | Club; and my committee desire me to take this opportunity to express their appreciation of the great kindness shown in so assisting 211,920.03 them. Thanking you in anticipation.-I amn, 678,827.49
sir, yours faithfully, 74,153.57 6,711.29
Property account (Chinese houses and land)
Sundry appliances
Furniture account
Engine supplies
Electric launch
Preliminary expense
Fire insurance unexpired
Cotton in stock...
Undelivered yara
Tls.
3,534.67
2,000.00
40.30
4,129.87
11,751.55
177,668.48
61,265.00
Tis 1,232,002.25
GREAT EASTERN AND CALE- DONIAN GOLD MINING
CO., LIMITED.
Messrs. Lütgens, Einstmanu and Co., the General Agents, have received the following
report from their manager at the mines :-
Great Eastern Main shaft has been sunk to
a depth of 15 feet, and timber has been put in to a depth of 35 feet. We are working now with three shifts of men, but 10 feet will be the utmost that they will be able to sink per week, as the ground is getting harder.
Caledonian Shaft has been sunk now to an actual depth of 35 feet. The ground remains the same, fairly hard, and about 6 feet per week is all that two shifts will be able to do. Great things are expected by all miners from this line of reef. As the old main shaft and the old workings are full of water we shall have to clear out one of the old shafts to drain the main shaft. Tim- bering will be started here next week.
Zulu Main Shaft bas now reached a total depth of 48 feet from windlass, of also which 27 feet have been timbered. This is a splendid shaft. Soon after the despatch of
EDWARD A. RAM. Hon. Secretary, Hongkong Cricket Club. Hongkong, 19th November, 1897.
THE OBJECTS OF THE NAVY LEAGUE.
TO THE EDITOR OF THE "DAILY PRESS.' DEAR SIR--Inasmuch as some uncertainty appears to exist as to the aims and objects of the Navy League, I am writing to you so as to inform the public through the press what the Those main objects of the Navy League are. objects may be defined as follows:
(1)-To educate people to an appreciation of our big commercial interests, our large mer- cantile marine, and our immense vulnerable assets in the shape of colonies and possessions.
(2)To spread information showing the vital importance to the British Empire of maintaining the naval supremacy of Great Britain, because our trade, empire, and national existence depend mainly upon it.
(3). To call attention to the enormous de- mands which war would make upon the Navy and to the fact that our commerce can be guarded only by a supremely powerful and well manned Navy which will be able to assert and maintain the command of the sea.
(4).—To convince every taxpayer and every politician that judicious expenditure upon the Navy is, for the nation, only the ordinary in- surance which no prudent person grudges in private affairs.
44
2.- Following on the lines of the example set by the head branch of the Navy Leagne prizes to the value of $10 for the best essays on the and "The Use of the Command of the Sea British Navy" were offered by this branch for competition in each of the four following insti- tutions, namely:-The Queen's College. The Victoria English Schools, The St. Joseph's English College, and The Diocesan Home.
3.--The subject of the unfortunate increase of contagious diseases in this colony has been considered and the Head Branch of the League has recently brought the matter to the notice This ques- of the proper authorities at home. tion is a very diffleult one to deal with, but the trial of some remedial measures appears to be urgently necessary.
4. This branch has also been pressing upon
of a stronger British Fleet being kept upon the attention of the head office the desirability the China Station.
(In connection with this same point a very interesting letter and an oil painting showing received from Mr. Claude Ley Kum, an associate the commerical importance of Hongkong were of this Branch, and were forwarded at his re- quest to the head branch of the League in Lon- don.)
Amongst the important events of the year may be ebronicled :-
(I) The unconditional presentation by the Cape Government to the Mother Country of a battleship.
(II) The vote of a sum of £575,500 by the British Parliament for dockyard extension in Hongkong.
3
(III.) The movement in Canada towards trade reciprocity with Great Britain.
(IV.) The Jubilee naval review at Spithead. (V.) The concession of certain privileges, which
my last letter, we broke through what looks like / 1895 of Great Britain and the naval expendi-had been specially asked for by this branch of
an old drive, and the reef was also showing in the south end of the shaft. At a depth of about 36 feet we reached the solid bottom with the reef right through the shaft from end to end. Several dish tests made gave a very rich, re- turn of free gold with the dish showing a great lot of mineral. The free gold in the dish went to a good deal more than 2 oz per ton, of which I informed you by telegram. The lode is averaging 9 inches and the average valuo we estimate at ozs. per ton.
(In connection with this point, a comparison was drawn in the Nary League Journal for April, 189, between the naval expenditure for ture of the four following European powers, namely, France, Russia, Germany, and Italy; and the article upon this subject concludes as follows: The total ocean or sea-borne com- merce of the four European Powers above named is as 58 only to 100 of British com- merce; their shipping or mercantile marine tonnage is only as 32 to 100 of British; while their naval expenditure is as 129 to 100 of ours; and the total of their naval expenditure per ion of shipping owned by them is as 1861ˆ to 100 of British expenditure on navy as
Prospecting Shaft, Gold Lease 37, has been sunk to a depth of 20 feet. We have been fel-pared with our shipping.") lowing a soft reef formation on the main line of reef and are undoubtedly on the right track.
CORRESPONDENCE.
[We do not hold ourselves responsible for the opinions expressed by our correspondents.]
NAVAL STATIONS IN THE EAST.
TO THE EDITOR OF THE DAILY PRESS." SIR,-Germany has wisely made the Chinese Government aware that her citizens cannot be killed with impunity, by seizing on and confis- cating Kiaochan Bay, in Shantung, for a naval station. In this action she deserves the sym- pathy and thanks of all foreign residents in the East. How is it that the British Government with a score or two of her 'citizens killed at different times, temporizes with the apology of a govern- ment existing at Peking and fails to demand the cession of the territory necessary to render her naval base at Hongkong secure.
INDIGNANT BRITISHER. Hongkong, 19th November, 1897.
OUR CRICKET VISITORS.
DAILY PRESS.
TO THE EDITOR OF THE
SIR, The Committee of the Cricket Club will feel obliged to you if you will kindly give publicity in your columns to an expression of their thanks for the beartiness with which the various social and sporting clubs in the colony
com-
(5)-To call attention from time to time to such general measures as may appear to be re- quisite to secure adequate preparation for the maritime defence of the Empire.
(6) To insist that the question of the Navy lies above and beyond all considerations of party polities, that a sudden increase of naval strength is impossible, and that continuity of preparation is the essence of national security, and the only safeguard against ruinous and discreditable
scares.
(7). By inculcating and strenuously upholding the principles of a grand national policy based upon sea power, to bind together the scattered members of the Empire into one great whole, united in interest and patriotism.
I am,
dear sir, yours faithfully,
HENRY E. POLLOCK.
Hon. Secretary, Navy League, Hongkong Branch 18, Bank Buildings, 22nd November 1897. P.S.-I take this opportunity of forwarding to you a copy of the report and statement of accounts which will be submitted to the members and associates of the Hongkong branch of the Navy League at the annual general meeting to be held at the City Hall on the 3rd proximo.
H.E.P.
REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDING THE 30TH
OF SEPTEMBER, 1897. The following is a brief summary of the various subjects which have engaged the atten-
the Navy Leagne, namely, the right for men de- siring to join the Royal Naval Reserve to enrol themselves locally in Hongkong, and the right for Royal Naval Reserve men to be paid their retainers in Hongkong.
(V.) The starting of a branch of the Navy
HENRY E. POLLOCK, League at Chiukiang.
Hon. Secretary.
Hongkong, 30th September, 1897.
Dr.
21st October, 1896, telegram to bead office Trafal-
gur Day
26th October, sundry disbursements by former
Hon. Treasurer (Mr. E W. Mitchell) 9th February, 1897, remittance to London £17178.
at 2.1%
20th May, remittance to London
21st May, paid by Hon. Treasurer for postage 10th June, paid Uuedes & Co, printing 26th June, paid Henrimaster Diocesan School for
prizes for essaye naval subjects Balance in hand
1st Oct., 1896,
Cr.
Balance brought forward from last account By subscriptions of 88 members (less $3 paid shroff) 502 00 By subscription of 21 associates By interest allowed by bank
CHINESE PROGRESS.
42.00
9.02
$885 71
Mr. Yien Shang Yue (the Customs banker) and Mr. Ching Nien San (assistant-manager of the Chinese Telegraphs) in concert with some of the local gentry are about to establish a School at Shanghai for educating Chinese girls in foreign learning and medical science, The teachers for the school are Miss Kang and Miss Shih, native ladies educated and graduated in the United States of America.-Shanghai Daily Press.
$
22.00
27.05
169 29 35 80
8 16 12 00
i
40.00 551 61
$885.71
3 c.
312 69
"
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