2.0 0
294
Officers
414
Officer Engineers
Purser's Department 1 7
B. F. West
Mrs. Kay
THE HONGKONG WEEKLY PRESS AND
Wing On Cheong Tin Wo Tong
50
50
50
50
50
2 10 0
0
Kwong On Wing
F. Negre..
0 0
Shun Sang Yueu
Miss Conkey
0
0
Kwang Hang Tai
C. Tornagbi
10 0
Wing Lee Ynen
50
J. H. Poulter...
Wong Wing Shun Fong
50
D. Mello
Compradore Cruz, Basto & Co.
50
G. Metcalf
1
Lan Sing Chai
50
T. Hamilton
1 0
Mrs. Pow Ho Shi
50
10
0
Kam Wing Loong
50
5 #
Hang Fung
50
Rest of Company
17 6
Chang Fook Tong
50
W. C. Adamson
Ho Chee Nam
50
0 0
Gavin Ralston (
Po Hing Tai
50
Ship's Charity Fund
9 6
Kwong Tak Bing
50
Li Yu On Tong
50
£20
0 0
175
Tai Tak Tung
50
"Kwala
Ieung Sui Hi
Lumpur.'
11
Lok Shin Tong
50
Typhoon
850
Mrs. Tang Ho Shi
50
H. N. Ferrers.
25
Kwong Chenng...
J. H. M. Robson
25
Wong Mang Cho
Malay Mail" Press Co. Ltd. 25
Dr. G. F. Leicester
20
Collected by Malay Mail
O.R.M.M.S.S. Somasundaram
Chetty...
Singapore
150
15412
The following amounts received from
the Tung Wah Hospital :-
H.E. Viceroy Chau Fu
Chinese Merchants in Iloilo
Chinese Merchants in Port Darwin Chinese Merchants in Sydney (200 Chinese Merchants in Manila... "Sheungpo News Paper Office's
12
subscription lists, 2 collections Chinese Merchauts in Tsingtan
Kwokszepo" News Paper Office's subscription lists, 2 collections
"
**
Ya Hing Opium Farm's staff ..... Chinese Merchants in Bri-bane
£50.
Chinese Restaurants.....
Shuet Shin Tong Charity Institu- tion, Canton, 3rd subscription Fang Tseuksun's subscription list... Tang Che Koon's subscription list.. Ho Fook
Luen Fat, Shanghai...
6.802.72 1,910 1,794.40
1,790.20 1,141.03
1,030.18
1,000
485
448.60 385.79
JAPAN.
الار
50 30
October 29, 1906.
Chinese, but it is worth pointing out that the Japanese Government originally proposed that China take a share. There remains the sum of £80,000,000 to be subscribed and the bulk of t..is, it is hoped, will be taken up by foreign capital in debentures, this being one of the objects of Mr. Takabashi's present mission to New York and London. When the idea of the South Manchuria Railway Company War first mooted it did not create much enthusiasm among the rank and file of investors in Japan but that is all changed now. The result was only to be expected in an enterprise of so national a character, part and parcel of the Government's policy in Manchuria. And yet the private citizen might well hesitate to invest, except on patriotic grounds, for though the company migh prove an excellent (invernment investment it may easily fail to pay the 6 per cent which the Govern- ment guarantees on the shares held by the public.
YANGTSE CARRYING TRADE.
In a telegram dispatched hence on the 22nd $224,770,74 | ult. your correspondent reported the pending amalgamation of the China services of four Japanese steamship companies, with a view to putting a stop to the injurious competition that is now prevailing quite as keenly among the Japanese themselves as between these com- panies and those of other nationality The companies concerned are the Nippon Yusen Kaisla, Osaka Shosen Kaisha, Hunan Kisen Kaisha, and Daito Kisen Kaisha, and further
(FROM OUR CORRESPONDENT)
Tokyo. October 4th.
CLEARING THE COMMERCIAL PATH,
river.
The abrogation of the Sipingkai Protoeul, concluded between the Japanese and Russian inquiry shows that for the time being it is only military forces in Manchuria shortly after the contemplated to combine the Yangtse services. Portsmouth Treaty of Peace was signed, may Japan's principal competitors in this district be regarded as an important step forward in the
are the Chinese and British companies, and here path of commercial progress in Manchuria, hmt amalgamation is advisable, for while singly the more important, perhaps, as an indication of four companies are weak, combined they will be 716.50 the desire of Japan and Russia to carry out the powerful. The services of each company are promises made in the Treaty of Portsmouth. only very small, as required by the trade of the The fact that this convention existed seems
For example, the Daito Steamship Company, engaged exclusively in this trade, bas almost to have been forgotten by the world at
a fleet of vessels, 15 of which are steamers large, for the news of its abrogation appears to have created such au impression that it has practically tugboats, and the entire tonnage already been telegraphed from Europe in a formaly 1,920. The capital of this company is showing that the sender was under the belief treaty had been concluded between the Russian and Japanese authorities in Manchuria. The Treaty, consisting only of a few lines, was an example of what the public in general, willy nilly, has to put up with when militarism is despot. It simply provided that the "entrance of outsiders into the area within the disposition of both armies being considered inconvenient, no person, except the inhabitants of that locality, shall be allowed to proceed from the district of one army to that
355 275.60 113.50
200
Po Hing Theatre
200 150
Pig Guild
150
Tang Lap Ting ...
Lam Heung Lun
Yow Cheong
Cheung Hop
100 100 JOO 100
Yeungshing Hospital, Canton, addi-
tional subscription
Shiu Cheong Hong
80
Yu Kee Hong
80
80
80
80
60
60
Un Wo Tai
Cheong Wing
On Loong...
NO
Yee On Cheong.....
Tung Fookai.
Chan Shun Yee...
Tung Shin Tong Charity Institu.
tion, Singapore ..
Canton Merchants at Kobe
5,000 2,000
Chinese Merchants at Weihaiwei,
additional
500
Lee Cheong
60
Yee Woo
60
Compradore of Deutsch Asiatic
Bank
60
+
Compradore of Wm. Meyerink & Co.
60
Lee Kee
60
Cheong Hing
60
60
Kwong Hip Loong
60
Yee Tai
Yu Sang Yuen
Hang Yick...
Kwong Yick Loong. Shum Shiu Mai... Man Cheong Tong Man On Tong Kat Cheong Hing Kwong On Wo Po On Loong Chu Yuk Kee
Kwan On Loong
Kwong Hang Hing
Fat Kee & Co.
Hang Tai Cheong
Kwong On Cheong Kwong Loong
Hung Sheung
2 ⠀ ÷ ÷ 8 8 2 8 833538888
50
50
50
50
50
S
201
that some HAW
of the other without the mu1ual consent of the military authorities." It is only fair to say that Japan has shown herself ready to abolish these restrictions and give travellers free access to the territory for some time past, but Russia has continued to enforce them. Now that this barrier is broken down, however, it wideos the field of the commercial pioneer, though whether merchants will be eager to seize the opportunity is another matter. They may rest satisfied with the knowledge that they now at least have the right to go there if they wish.
THE SOUTH MANCHURIA ENTERPRISE.
The foreign investing public will follow with unusual interest the development of the South Manchuria Railway Company, whose shares bave now been subscribed for to excess by Japanese. Owing to the Chinese holding sloof, all the capital will be Japanese. To begin with, of the total capital of the company, £200,000,000, the Japanese Government subscribe, one half in the form of the present. railways and mines in South Manchuria in the possession of the Government. The value of those properties is assessed at Llo0,000,000. The other half will be issued in shares and debentures. The present initial issue of shares, which are already over-subscribed, amounts to £20,000,000 in 100,000 shares. It was never anticipated that subscriptions would be large among the Chinese. The Tartar General at Mukden states that their abstention is partly owing to lack of capital and partly to the fear that the Chinese will not be treated with justice by the Japanese shareholders. He suggests that in order to prevent the line from becoming entirely Japanese the Central Government should take a portion of the shares. It is unfortunate that such a feeling should prevail among the
£4,000,000,
two
steamers, each
1000 The Hunan Company is also engaged exclusively in the Yangtse trade, with a paid-up capital of £750,000 and three steamers of an aggregate tonnage of 3,370. The O. S. K does the largest business on the river with aix vessels of 11,500 tons and with a property valuation in this district of £4,000,000. Finally, the N. Y. K. has the same amount of capital invested in its Yangtse service, namely,
but only 950 tons. The total working of about capital of the four companies therefore is Y8,850,000 and a tonnage of about 17,000. It will be seen from these figures that it is to the advantage of the Japanese to amalgamate. Afterwards it is intended to increase the capital The to Y13,000,0x and extend the fleet. amount of Government subsidy now being paid to these companies-excluding the Daito-is also will probably be Y500,000, and this increased after amalgamation. In the past Japanese steamship companies have shown in the China trade, and much enterprise considering the amount of cut-rate competition now being carried on, a combine such as that contemplated by the four companies mentioned is a measure dictated chiefly by the necessities of
the case.
COMPANIES.
CANTON INSURANCE OFFICE, LD.
of ordinary meeting The twenty-fifth shareholders in the Canton Insurance Ofco, Ld., was held at the offices of the Company, King's Building, on October 20th.
The hon. Mr. W. J. Gresson presided, other shareholders present being Sir Paul Chater,
H. P. Messrs. G. C. Moxon, F. Maitland, White and D. M. Nissim (consulting com- mittee), Mr. A. Morfey (acting secretary), Messrs. H. Percy Smith, J. Y. Vernon, C. H. Rogge, F. J. V. Ribeiro, Ho Fook, Fok Kau- yim, Ho U-shang, Lo Cheuog-shiu and Leung
cim.
When the SECRETARY had read the notice convening the meeting,
1
The CHAIRMAN said:-Gentlemen, as the report and statement of account have been