204
will doubtless confirm the bonus which it is re- commended be granted to the European employ ses (applause). Having mat rially strength ened the position of the Company, we are also happily able to recommend the payment of a final dividend of $15 per share, making a total of $20 per share for the year, and carry forward to next account $42 812.75 and this, gentlemen, I hope you will consider satisfactory. If no further information be desired, I beg to propose the adoption of the report and accounts.
There being no questions, the CHAIRMAN moved and Mr. MODY seconded, the adoption of the report and accounts. The motion was carried.
Sir Paul Chater, Messrs. A. J. Raymond, A. G. Wood and E. Shellim were re-elected to the Consulting Committee on the motion of Mr. STOKES, seconded by Mr. MICHAEL.
#
Messrs. T. Arnold and W. H. Potts were re-elected auditors on the motion of Mr. NORTHCOTE, Seconded by Mr. Ports.
The CHAIRMAN-That is all the business, gentleman. Dividend warrants will be ready on application to-morrow. Thank
you for your
attendance.
THE HONGKONG WEEKLY PRESS AND
taels per share on August 23rd, the Profit and Loss credit balance stands at Tis. 190.255.92, of which a flusl dividend of six taels per share on 20,000 old shares, and of three taels on the new, is being paid. Tls. 24,000 is placed to Repairs account, and Tls. 10,711.82 carried forward. The overdraft having been considerably reduced, there will be a saving of interest apparent in next accounts. Increased warehouse room is being provided at the wharves. Messrs. W. D. Little and E. C. Pearce take the places of Sir Charles Dudgeon and Mr. J. L. Scott as directors. Mr. Little's place as a Debenture Trustee is taken by Mr. H. A. J. Macray. The meeting takes place on the 29th-lost,
THE BANK OF TAIWAN, LIMITED.
The following statement, dated December 31st 1904, is published:
Government loan
ASSETS.
Hills discounted, loans, etc. Bills receivable and other sums due to
the bank
Government bonds
Bullion and foreign money. Capital, uncalled"
LUZON SUGAR REFINING COM- Bank premises and properties
PANY, LIMITED.
ANNUAL GENTRAL MEETIKA.
Cash
In band......
At bankers
The twenty-third annual general meeting of the Luson Sagar Refining Company, Limited, was held at the offices of the general agents, Notes in circulation Messrs Jardine, Matheson and Company on the 23rd March
The Hon, Mr. W. J. Gresson was in the chair and there were also present Messrs. J. Barton (Secretary), A. G. Wood, H. P. White, H. N. Mody, J. E. Michael, E. J. Moses, W. H. Gaskell, A. Bamjahn, J. C. Peter, P. Teater, W. A. Cruickshank and others.
The CHAIRMAN said- Gentl-men-You will doubtless consent, in the usual course, to take
the report and accounts presented to you as read. I regret that, for the fourth year in suc- cession, for reasons well-known to you, the refinery at Malabon perforce remained closed, and that the accounts merely show an increase in the sum at debit, squal to the amount neces- sarily expended on the care of machinery, inte- rest, insurance premis, &c. As mentioned in the report, the prospects of obtaining some outlet for our sugar in the Philippines impro- ved at the end of last year, the demand for local consumption appearing to be on the increase, and after careful consideration it was decided to resume work at Malabon as soon as
Government account
LIABILITIES,
Yen. 3,551,600,000 6,134,785.690
905,718.850 2,698,209.370 46,941.730 2,500,000,000 483,929,329
3,0 5,225.010 448,059.918
Yen 20,155,460.131
Deposits and ourrent account Bills payable and other sums due by the
bank
Capital, authorised
Reserve fund
Reserva for silver account Dividends unclaimed
Yon.
5,901,245.120
2,000,000.088
6,017,749.734
557,757.751 5,000,000,000
352,000,000
131,323.782 855.305
46,741.584 178,801.855
Yen 20,185,469.181
CANTON,
0:
Amount brought forward from last ac
count
Net profit.
(FROM OUR CORRISPONDENT.)
LINGCHTE.
20th March, Lum Kwa fee, the brigand chief, W&5 executed the other day by the process of lingtsz, and died a most cruel and lingering death. He was a native of Heung Shan, of middling height and thin and sallow complexion. He was over the refinery could be put in order, and a supply thirty years of age, and looked very intelligent. of raw sugar obtained. The latest advices from His queue was out off. He was worth from the Manila agents indicate that it is expected forty to fifty thousand dollars. He was caught work will commence at the end of the present in Macao, and imprisoned there for a consider. month, and I trust the resul's will be favourable time, awaiting extradition by the Chinese able and that a sufficiently profitable market will be found for our sugar to enable us to coutiune steady work. I would impress upon you that the present start is more or less of an experimental nature, and that the future is by Before proposing the adoption of the report and accounts I shall be pleased to answer any questions which share-
wish to ask.
no means assured.
government, On the 14th inst. he was sent
back to 'anton under a strong guard. com- manded by Admiral Li Chou, in a Chinese
On ment wharf to the Viceroy's gunboat. the way from the govern
yamen he was singing, and calling the people to look at him. He said cursing the mandarins,
he was Lam Kwa See, and was going to die a beroic death. He was conveyed to the Viceroy's accounts were adopted on the motion of the yamen for identification, tried by the court CHAIRMAN seconded by Mr. MoDY.
Mr. PETER proposed the
holders
may There were no questions and the report and
re-election of
Messrs. A. G. Wood and E. Shellim to the Consulting Committee. Mr. MOSES seconded
and the motion was carried.
Mr. Gaskeli proposed and Mr. TESTEE seconded the re-elec ion of Mr. T. Arnold as anditor. Carried.
martial, passed one night's imprisonment in the Nam Hoi magistracy, and the following day he and carried in baskets to the execution ground. and five of his comrades were tied hands and feet The latter were executed by behea ling, but he was killed by the lingering process of lingtez, that is, by being cut into pieces. When tied to the cross, be never showed the least
The CHAIRMAN-That is all the business. sign of fear or pain, and his face never
for you your attendance.
Thank
SHANGHAI AND HONGKEW WHARF CO., LD.
The balance sheet and report of this company was issued on the 13th March. Of the authorised ospital of Tls. 4,000,000, there have been insued 31,848, hundred tael shares. During the your Tls. 7,200 worth of six per cent. debentures were issued making the debenture ibility Tls. 543,90". Practically all (11,848 out of 12,000) the new shares were taken up. After payment of an interim dividend of four
changed colour. The executioner made seventy two outs in him, commencing from the face, and then severed his head from the trunk. At the sight of this, one or two of the guard fell down insensible. At the execution ground a shrine was built wherein the tablets of those
generals and captains of the army whom he had filled, were placed. The executioner wrenched out his heart and liver, and placed them in a large plate. Admiral Li Chou knelt down before the shrine, and offered them to the dead.
▲ BUMPTUARY LAW.
Since the Viceroy returned to Canton he has issued quite an extraordinary order that no Chinaman may wear the coral button on his
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[March 25 1905.
sp, under penalty of a fine, or bambooing on the breeches; as by the law of Chins only the mandarias of the frst and second rauks in Peking can wear corsi buttons on their caps. 80 during this fortnight a large number of respectable Chinamen have been caught, and punished, and great dissatisfaction prevails. It seems a shame for respectsole people to be thas punished, for their coral buttons are merely Japanese imitations.
ANOTHER CHINESE PUNISHMENT.
Two soldiers were tried and beheaded by order of the Viceroy for stealing goveromant money, and Cheung In Leung, quite an old man, captain of the regiment to which these thieving soldiers belonged, was also punished for lax discipline in allowing his soldiers to st-al. by having his two ears out off and nailed on the notice board outside his yamen, and by being logged on the back with rattan along the streets. This punishment is known as yroying.
CHINESE NEW WOMAN.
In China, especially in Kwang Tung, mort of the females don't go to school to learn res ling and writing, for fear that by-and-by when they get married the Joss might give them stapið and illiterate husbands. What they call “reform" has come now, and this fear is fouted, and quite a number of female schools have been established in Canton, and in the outlying dis'rict. Some enterprising females have notarily s'arted a magazios to be published morthly under the title of "Female Mirror." The editors are females.
CORRESPONDENCE.
•
THE PHILIPPINES.
TO THE EDITOR OF THE "DAILY PRESS."
Cauto, 21st March. SIR.--No one who has resined in the Philip. pines for any length of time, and has studied | intelligently the conditions the prevail in the
Archipelago, oan fail to disagree with
MANY
of Mr. Alleyne Ireland's conclusions on questions affecting the Islands, and especially with his assertion that the Filipino is no better material for representative government than the Burman, Malay or the Negro.
The fact that during the period interv ning between the landing of Aguinaldo at Manila and the outbreak of hostilities between the Americans
and the Filipinos, a representative government had been established by the Filipino leader with the unanimous consent of his countrymen, that peace, order and good government prevailed in all the regions over which his administration exercised control, is a sufficient refutation of Mr. Ireland's contention.
written by an
The following is an extract of an article American Naval Cadet, L. R. Sargent, recounting his experiences during an extended tour through Northern Luzon in the autamm of 1898. It must be remembered that at the time hostilities hid not broken out between the Americans and the Filipinos, and that the Filipine Republic had been in existence for several months ::
•
The military forces of the United States held control only in Manila with its environs and n Carite and had no authority (the italios are mine) to proceed farther, while in the rast remaining districts the representatives of the prisoners in the hands of their despised subjects. only other recognized power on the field were It
was the opinion at Manila during this anomalous period in our Philippine relations, and possibly in the United States as well, that such a state of affairs must breed something akin to anarchy, I can state unreservedly, however, that Mr. Wilcox and I found the existing conditions to be much at variance with this opinion. as a tribute to the efficiency of Aguinaldo's government and to the law-abiding character of his subjects, I offer the fact that Mr. Wiloox and I pursued our journey throughout in perfect security, and returned to Manila with only the most pleasant recollections of the quiet and orderly life which we found the natives to be leading under the new regime.”
No Halay or negro people could have in the first place idealised such a system of Govern- ment. Nor would it have been able, under any conceivable circumstance, to administer it with any degree of success over an area extending