September 30, 1899.]
It may be said that a proper combination, at an earlier date, amongst British shipping com- panties might have prevented this competition, but under no circumstances would the Japanese have consented to be kept out of the business or at any rate to be deterred from attempting to compete,
A comparative table is given below showing freights ruling in 1897, and 1898, and giving the rates quoted by the Osaka Shosen Kaisha on opening their line, with the corresponding
· drop in freights by ships of the Douglas Com- patrym
The rates given in sterling are approximative, where too fraotional for conversion accurately.
Comparative table of freights ruling in 1897. 98 and now.
HONGKONG TO TAMBUI.
Merchandise -per ton
Os k Douglas Shosen Steam Kaisha. ship
Company.
Opening Present Rates. Rates £ s. d. £ s. d.
0 40
|
CHINA OVERLAND TRADE REPORT. neighbourhood. At a meeting of residents strong committee was elected to cope with the plague and signs of its energy are already in evidence. Meanwhile the plague continues its ravages unabated. Many residents contemplate leaving the neighbourhood.Mercury corres pondent.
4 U.S. SAILING SHIP DESTROYED BY FIRE.
It was rumoured on Saturday, says the Naga saki Press of the 18th September. that a tele- gram had been received here announcing the loss by fire near the Lonchons of an American sailing ship bound for Nagasaki. On enquiry at the U.S. Consulate, the unfortunate news is confirmed, Mr. Harris, the U.S. Consul, having received the following telegram, which he has kindly placed at our disposal
f
"Naha, September 16th.
The American sailing ship George Stetson, of the State of Maine, took fire about 30 miles east of Miyago Gone on the evening of Sep tember 10th-
Captain N. Patted and five others were Baved in three boats. No loss of life."
Miyago Gone is near the Loochoo Islands" 10 The nature of the cargo is unknown at present,
1897. 1898.
Metal
per ton daw., of £ s. d.
20'owts;
0 12 0
£ ́s. d. 0 18 0
-measure ..
0 12 0
1 40
Flour per bag
0 0 2
0
0 21 0 0 5
Opium per chest
0 12 0
0 120
0 60
0 10 0
Bugar per package,
not exceeding 184 The
0 071 0
Tressure per $1,000
.0 10 0 0
0 7 50
0190 08
0 10 0 0 50
Pietin-goods per bale..
0 30
0 6 1
Shirtings per ID
0 80
0 50
0 0 90 20 * 0 60
5 00
0 091 0 20.
Chinese pasengers
0 16 0 0 18 0 Foreign passengers
5 00 6 0 0 Bliding scale. Similar letters are given chowing the rates from Tamsui to Hongkong, Amoy to Tamsni and Tamsui to Amoy. The rates for tea are stated as follows :—Tamsui to Hongkong, per half- chest, 1897,74d., 1898,74d.; Osaka Shosen Kaisha opening rate 5d.; Douglas Steamship Co. pre- sent rate 34d. Tamsui to Amoy. per half-chest 1897,24d.; 1898,3d.; Osaka Shosen Kaisha, open- ing rates 24d.; Douglas Steamship Co. 14.
A GERMAN VIEW OF ENGLAND'S ABSTEN | ION FROM THE PARIS
31
EXHIBITION.
THE OSTASIATISCHE LLOYD THINKS IT ́A1DODGE 'TO AVOID ‘AN UNFAVOURABLE COMPARISON WITH GERMAN EXHIBITS.
The Ostasiatische Lloyd, commenting on the talegraphed report that English and American exhibitors were withdrawing from the Paris Exhibition, makes the following graceful and friendly suggestion
It would be mistake, in our opinion, to regard this as a Jewish success. Much more probably the real reason is that the English manufactur- ers no longer have the courage to send their exhibita, for they well know that they can- not now as formerly maintain a comparison in the mass with the German exhibits. Germany has never before been so strongly represented at the Paris Exhibitions as England, and the change- seems to annoy Englishmen. The Dreyfus case, which has caused annoyance to so many, will therefore still seem to have its good side, as it will afford them a plausible pretext for retreat.
THE PLAGUE AT NEWCHWANG.
Newchwang, 9th September. The plague continues to spread and has now established itself amidst the foreign community. A military cordon has been placed around Rus sis town, and passports issued by the Russian Consul, are required before any one is allowed toupam Our Municipal Council has erected several barriers at the approaches to the foreign settlement to keep off undesirable coolies and other plague distributing beings.
>In the native city a collection of 500 coffins with vorpses, have accumulated and are await ing shipment to distant homes. Over 90 per cont. of plague cases result in death in this district:
By Newchwang, 14th September. Since, writing last, the coffins with corpses hare scoumalated to considerably over 2,000, the result of the plague. Besides this one may soo nam collus dotted all over the plains in the
MARSHAL 80.
JAPAN'S TEN MILLION LOAN.
Mr. Hayakawa, a Secret-ry of the Finance Departments, who was sent to London in oon- nexion with the negotiations for the loan, bas just given an interesting and account of the proceedings to the Konwa-kat, an informal association of interested in economical topics. The first was to form a syndicate of Part's Banka Joint Stock Bank, and the Union Bank But it was found impossible to reconcile their id and the syndicate finally consisted of Par the fongkong and Shanghai, the Chartered and the Specie. At the outset there was muche talk of security. In rasing the loan of 1870* Japau had pledged the customs revenue, and in raising that 2, she had given the
Government's of 187ly The Londer
bankers wanted her to follow those précédents; and insisted that she could not otherwise obtan good terms. But Count Matsukats was abeŋcon Intely inflexible upon that point. He declined to give any security except the nation's credit ? Then came the question of how the debt should be paid off. The Japanese negotiators insisted that the Japanese Government should be str liberty to liquidate it in whatever proportions might be convenient after the non-redemption”. period, whereas the other side wanted a fired programme, That point had to be? Shanghai, 19th September. left for subsequent discussion, but it was 3 It is stated in local mandarin ofroles that finally decided as Japan desired. The Marshal Su, the Generalissimo of Kwang-terest and price of issue were then consid province, who is expected to arrive here from bis andience in Peking in a day or two, has been appointed by the Empress Dowager Generalis simo of the forces of Kiangsa and Anhui provinces, with headquarters at Tsingkinangpu on the Grand Canal. Besides being put at the head of the troops of the Provincial Commander- in-Chief here, the naval forces of the Admiral of the Yangtze and the Nanyang Squadron will also be under the Marshal, who, in turn, it is reported, will be subordinate to Jung Lu, the Peiyang Generalissimo.-N. C. Daily News.
}.
B
ered. Some of the London people thought that the terms should be the same as those given”bh the occasion of the Samuel Samuel loan. Others held that the condition of the Japanese domestic market should be taken as a guide.” But Japan's wish being a four per cent. loan the " capitalists accepted that basis and offered from 87 to 88 for the bonds. The great London“ merchants. Mr. Hayakawa explained, do not haggle. They value their oredit too much to do anything of that kind. When they name a price it may be regarded as practically their last word. So it was decided that THE RECENT THIBETAN RIOT
the issue price should be 9a: for the general public, and that the Syndicate's commissioni,** Three weeks ago a trustworthy correspondent &c., should come out of that. Here a nowa informed us that a telegram had been received condition was proposed namely, that Japairu by the Alliance Mission regarding a riot at should pledge herself not to raise another i Pao-Ngan, on the borders of Thibet. Some foreign foan for a certain term of years. That, faller particulars are now to hand. It seems
of course, could not be agreed to. Then the” that about the first of July a large crowd of problem of taxation came on the tapis: Would a men suddenly appeared in the same Mission's the Japanese Government engage not to tax- compound at Pao-Ngan, armed with guns and the bonds? In reply it was pointed out that swords. They commenced to smash windows and such an engagement would be a violation of destroy the house, yelling all the time like the Constitution by which the power of tax furies to kill the foreign devils." The for- tion is vested in the Diet. At the same time” eigners happily escaped by a back entrance and the Japanese negotiators explained that as thei ran to the Yamen, taking with them only what laws of Japan now stand, income tax cannot ban they had on. Here they were received and levied on the interest acoruing from public 96829. they thought they were secure, but as soon as
arities when it is paid outside the Japanese Ein- the rioters had destroyed all the property and pire. The London capitalists at once bowed tótu carried off the plunder, they returned to the the argument about the Constitution. So thing !! yamen demanding that Mr. and Mrs. Shields were finally settled. The time, however, be handed over to then. They were put off for decidedly unfavourable. Rothschild's some time, but becoming more fierce the misine loan had just failed, and Russia had entered{} sionaries were told they had to go. On the the London market as a borrower, having, an next day at 8 p.m. they started and travelled tumour said, exhausted the lending capacity of 2 all night, making 120 li. They were guarded French capitalists-Japan was urged to haster in by 40 soldiers. Thus they escaped and reached her procedure in order to forestallTM" Russia, sudər Lan Cheo, Kansu, safe, but much shattered in there is no doubt that these conditions, supples nerves and strength.
mented by an uneasy feeling about the Trans-1 raal, deterred investors. The Syndicate want to make some supplementary agreement, in the sense of the money's being deposited with the four banks pending its gradual transfer to Ja so as to avert the financial disturbance that might w be caused by the sudden withdrawal of sum from the London market. But adhered to the plan pursued in the cash
They are now waiting the morements of the British officials at Peking, and it is to be hoped this base will be pushed vigorously, for if not much ground will be lost and missionaries on the border will fare sadly: A vigorous policy is needed for all China. Will it ever come P- China Gazette.
ANOTHER MISSION DESTROYED IN Indemnity Mr. Hayakawa alluded, in cousc
SZECHUEN.
Chungking, 4th September.
A riot occurred at Shuenkingfa on 23rd alto,, resulting on the destruction of the China Inland Mission house; the missionaries made their escape without injury. The authorities, too late to prevent, were eager to make amenda- for this outrage and on the 24th ult. had 20 carpenters at work to repair the premises. The ouse of the riot was the usual charge of "enting babies" preferred against the mission-
-China Gémits.
clusion, to the rumour recently airou Japan that Mesers. Samuel Samuel and pany had offered much better terms t obtained from the London Byndicate, Finance Department had broken faith them. He was confident that such a story never emanated from Messrs. Samuel and Company, for they had been associat the 1897 loan with the Hongkong and Skas and the Chartered Banks which belong the new London Syndicate. Besides;
mid to have offered were Japan Malië