262
pleased to say it continues to run in perfect order. As regards the silk filature, I have to say that on the expiration of the previous lease, we have renewed the same to the same party for a further period of one year, at Tls. 5,000, ending on the 15th of May 1905.
-
The accounts are as follows :-
BALANCE SHEET. Assets.
Land, building, machinery and plant
Tls.
in cotton mill and silk filature. 375,690,21
Furniture
Stores and fuel
Raw cotton and cotton in process Unexpired fire insurance premia
Accounts receivable
Liabilities.
THE HONGKONG WEEKLY PRESS AND
handsome silver salver was made to Mr. Lambert at the Kowloon dooks, by Mr. T. Neave, acting on behalf of the staff of the Dock Company.
CANTON NOTES.
:0:
[FROM THE "CHUNG NGOI SAN PO."]
CHINESE LAUNCH MONOPOLY,
Viceroy Shum has sent a dispatch to the 2.907.99 Boards of Commerce and Foreign Affairs 15,973,48 asking them not to grant any concession to any 87,235 43 foreign power for placing launches on the 4,273.89 inland waters of Kwangsi, as permission has 106,058.97 already been granted to some Chinese mer
chants to have steam launches running on the inland water route of Kwangsi under the direction of some Chinese officers. CHEAP RICH NOW.
Tls. 592,139.97
Tls.
Capital authorised 10,000 shares at
Tls. 50 each Tis, 500,000, sub- scribed 8,676 shares paid up Tls. 35 each
Russo-Chinese Bauk
Reserve fund
Accounts payable
A
Balance profit and loss account
On account of the favourable rice crop in Kwangsi, the price of rice in Kwangsi con. tinues to decrease, a pioul of rice of the best 303,660.00 quality being sold for three dollars only, against ...180.000.00 six or seven dollars last year. The restoration 10,000.00 of order in Kwangsi is practically due to the 34,940.0 favourable rice crops, for most of the people 63,539.97 were driven to join the rebellion on account of
hunger.
Tls. 592,139.97
FROFIT AND Loss Account. 31st December, 1904. Dr.
To interest
To depreciation of furniture
To directors' and auditor's fees
T'o agents' commission
To balance
47
JUNK TRAFFIC.
On account of the recent thick fogs, ac- cidents to beals were frequently reported. On the 12th instant a junk, towed by a steam launch, which left Canton for San-Cho, ground- 11,640.53 | ed, and the junk speedily filled with water
323.1 The passengers and the crew wers immediately 1800.00 lauded in small boats. The junk is still 5,426.70 "stuck," and has not yet been refloated. 63,539.97
Tls. 82,730.31
Cr.
By balance from 1903 .. By balance of working account By rent of silk filature
By transfer fees ...
Tls. 14,699.70 62,477.47
25.10
THE PROPOSED CANTON- WHAMPOA RAILWAY.
A CHINESE ENTERPRISE.
It appears from a report in the Chung Ngoi 5,528.04 San Po, that the proposed railway from Canton to Whampoa is not, as rumour has alleged, a project of the American China Development Ils. 82,73:31 Company, but a Chinese project. A scheme has been prepared for the building of a railway from Canton to Amoy by a Company promoted by His Excellency Chang P-t-shi, and described as the Imperial Chinese Railway Company.
It is desired to build the Canton. Whampoa the line to start from Sha-ho-han, outside the section first, and the route mapped out was for East gate of Canton, passing through Loong han and proceeding along the bund of the river. It is proposed to lay a single track first, but
FAREWELL TO MR. NEWMAN
MUMFORD,
A smoking concert was held at the Institu- tion of Engineers and Shipbuilders of Hong- kong on the 15th April, in honour of Mr. Newman Mumford the President of the In- 8 itution. Mr. Mumford, who is Lloyd's Surveyor, is ordered to Constantinople. About two hundred were present at the concert.
During the evening Mr. H. T. Richardson presented an illuminated address to Mr Mumford, on behalf of the Engineer and Ship; builders of the Colony. In doing so he said that they were very sorry Mr. Mumford was leaving. He had been a very valuable person in connectiou with the Institution, a id endeared hims If to all with whom he came in contact during the last nine years.
Mr. Mumford thanked them. He spoke of past presidents, and of the carrying on of the Institution since its formation in 1891. The Institution had had its ups and downs, coming through all right till now, when it was in a good position. He hoped the new committee would give as good a record as others had done.
Mr. A. BAIN, one of the founders of the Institution, also made some remarks.
Those who contributed to the programme were Messis. J. Inokay, W. J. Terrell, W. J. Russell, Badcock, L. A. da Graca, A. E. Paine, Walstow, G. H. Edwards, Cotter and Brand Messrs. Braud and Brown acted 85 acoom. panists.
Votes of thanks, in conclusion, were given to those who had organized the "smoker," Mr. McLachan, Mr. Craig and the Manager (Mr. Lennox), and to Mr. H. T. Richardson for presiding.
MR. MUMFORD'S SUCCESSOR-MR. J. LAMBERT.
Mr. J. Lambert, superintendent engineer of the Hongkong and Whampoa Dock Company, is Mr. Newman Mumford's successor as Lloyds Surveyor at Hongkong. A presentation of a
|
in the acquisition of land, provision was to be made for a double track with the view to the
trunk railway to run from Canton to Hankow. ultimate connection of the line with the great
The proposal was duly laid before the Viceroy and Governor of the province, but the Sia-hau- kuk (answering to a local Government boar 1), has reported unfavourably on the route. The Bund, they state, is only 14 feet in width, and the river is already too narrow to allow of further reclamation. Moreover, the route pro- posed lies through the busiest part of Canton, all probability be been requested to consider an alternative route.
Upon this report the Company has
and accidents would in
numerous.
CHINA'S FOREIGN AMBITIONS.
Chinese life is an interesting study in these days of change. By only looking back threor four years one realises that a transformation is taking place that is really marvellous when we remember how unchangeable and immovable China seem ‘d. In many directions, says a mis- sionary contributor to a contemporary, there is evidence of a growing consciousness of the imperfection and inferiority of native methods of doing things, and of a strong, but vague and often misdirected, admiration of foreign things. They know their processes of agriculture and manufacture are crude and wasteful and believe that if they could only use foreign methods thy would all get rich. Las fall when s arting for Shanghai, your correspondent waR COM- missioned to inquire into the prices of windmills, flourwil's, b.au-oil pr. sses, and maobinery for
|
ANTI 92-100
spinning cotton. Mingled with the embark in these new enterprises. justified foar of being chested; which however, is not strong enough to prevent many of them from coming to grief before these in dustrial changs are completed. A company has been formed here to buy Japanese looms for weaving coarse cotton cloth and an agent is- now in Shanghai for that purpose. In view of their inexperience it is likely to be an expensive experiment. In educational and political matters. the same symptoms are in evidence- Last summer a number of gentlemen subscribed several thousaud taals to start a school of West- ern learning. They worked out the plans in some detail and made an offer to one of the medical helpers in a Nanking hospital to take charge at several times his present salar But it all fell through because, as our informant mid, each subscriber wanted to run the institution Bad, failing that, withdrew his support. The schools to be opened by the officials in this, and the neighbouring hsiens have all had the same sort ofà fate, each giving evidence of uncer tainty and vacillation in the minds of their sup porters. They know something is lacking in the Confucin education but do not know what part of the foreign system they need or how to get it
But one thing is certain; the ferment, is working with an accelerating speed an! f-w years will see startling changes in this society, zo long stagnant.
THE CURRENCY CHANGE IN BRITISH NORTH BORNEO, ;
Our San 'akan correspondent on the 15th ult wired us that the Government of British North Borneo intended to adopt the traits Currency, The following Proclamation dated 1st April has since appeared in the Gazette ---
"Whereas it is the intention of the Governe ment to adopt the dollar of the Straits Settle- ments as the Currency of this State, and to demonetize all other dollars whatsoever, it is hereby enacted as follows :-
"1. This Proclamation may be cited as "The Importation of Coins Prohibition Proclamation of 1905."
2. From and after 15th April, 1905, the importation into the Territory of any silver dollar o her than the current dollar of the Straits Settlements is hereby prohibited.
3. (1) If any person shall import or attempt to import any dollars other than the current dollar of the Straits Settlements, to the amount in nominal value o twenty-five dollars, or up- wards, he shall be liable on summary conviction
to a fine not exceeding five hundred dollars, and if the amount in nominal value is one hundred
dollars and upwards, he shall be liable to im- prisonment of either description for any term not exceeding six months either in addition to on in lieu of such fine.
(II) Any dollars other than the current dollar of the Straits Se tlements imported or a tempted to be imported in contravention to this Proclamation to the nominal v lue of twenty-five dollars or upwards shall be forfeit- ed, and the forfeiture ma. be adjudicated by & Magistrate. (III) The provisions of this section shall not apply to de llars or yens imported for tranship. ment nder a license in wr.ting from the Governor.
4. If any Magistrate or Justice of the Pasce is satisfied by sworn statement in writing that ther is good reason to believe that any silver dollars other than the current dollar of the Straits Settlements, which have been imported in con'ravention of this Proclamation, are likely to b⋅ found in any plac to an amount erő eding in value the sum of fifty dollar, he my. by warrant unler his hand «irect any person therein nam d to enter such place an earch the same, »nd seize all such dollars there found, and detain the same pending adjudication.
5. Any prson found offending against any“ of the provisions of section three of this Proclamation may be arrested withont warrant by any Police Officer.
6. A Magistrate imp sing any fine an er this Pr clamation may direct the same or any portion thereof to by paid to the informer or informers.