i
March 4, 1907.)
were finished. There were also various portions of machinery to be put into place.
Dr. Wheeler said he merely asked the ques tion because numbers of the shareholders had spoken to him on the subject.
.
The Chairman, in reply, said it would be very injudicious to name any sum because i might be misleading. Later on, when a me ing is called by the liquidator, he might be able to give the information desired, but it was im. possible to do so at that meeting.
Mr. Rosenthal asked whether the 21 per cent would be paid on the full amount or on what was left
The Chairman explained that it wou'd bepsid on the amount dus to the shareholders.
The resolutions wers seconded by Dr. Wheeler and approved.
The Chairman announced that a confirmatory meeting would be called for the 28th instant. ORIENTAL GLASS MANUFACTUR- ING COMPANY, LTD.
INAUGURAL MEETING IN TOKYO
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The first ordinary meeting of the share- holders of the Oriental Glass Manufacturing | Company Limited was held at the Company's fees in Tokyo on Febrarry 14th, when the formal preliminaris were duly carried out.
The company has been constituted as a joint- couce n "kabusbiki kaisba"-under Japanese and European direction. It has al capital of Y1500,00 · fally paid-up in shares of Y100.
stock
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The Board of Directors is constituted as follows:- Mr. R. Loonen (President); Messrs. C. Duvivier, G. Millward, M. J. Dayet, J. Jadet, K. Okurs, and T. Nagamori. auditors are Messrs. Murai, Wakayama, and E. C. Davis, while the general adviser is Baron Shibasawa.
TA!
The company's factory at Osika, which will occupy 30,000 tsubo of land, is now in course of constinction and it is expected that the whole of the necessary plant will be in position, ready for the manufacture of all kinds of glass, by September next It is to be a m- del factory, replete with every modern appliance, and it will when completed by one of the largest sod best-equipped factories in the world. It will be capable of turning out bottles, window-glass. and crystal glass, and in the variety of its on!- in France or Belgium. put will be second to no similar factory either
Engine rs and foremen are coming to Osaka from Belgium, and houses are being built close to the factory for their accommodation.
*
REVOLUTIONARIES."
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CHINA OVERLAND TRADE REPORT.
THE BANK OF JAPAN.
SPEECH BY THE GOVERNOR.
At the general m eting of the Bank of Japan, held on the 16th instant. Ser Matsuo, Governor of the Bank, made an interesting speech from which the following extracts are made.-
"The year noder review to be described as a period of transition du ing which financial conditions were awakening from the state of torpor induced by the war. The first half of the year passed very quietly, but on entering the second half a tendency to gradual activity manifested itself. Nevertheless on the whole the year may be said to have terminated calmly and uneven fully. For alth suzy from the tim of the outbreak of war considerabl sums of money had been scxitered through the country in the form of military and naval entlays, thus gradually producing a plenituds of floating capital, still the people at large dem ined under
the
influence of a sentiment of cantion. Moreover the spring eason was marked by an abundance of political »ffairs. Thus a Sp cial D ́s, a Liw for amending portions of the Finance Law for Consolidating the National Extraordinary Tax Law, a Low for the Nation alisation of Private Ralways, and other measure, a 1 having an importint bearing on the national economy, ware pressuted to the Diet, giving rise to much discussion and apparently b-wildering
to nis
↑ Moreover, as the facts relating to the failure of the previous year's crops in the north- easterly districts becam kunst B, and thux entailed
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WAR
RANSO
Wored
the very SAV-10 sufering WAS bruited abroad, a still greator of depression
produced. Probably for these reasons business conditions throughout the country did no' show
any sign of recovering from the dalness of the previous year. It is true that from Tanuary wele me followed welome in limnoar of the troops returning victori us, so that an outward
appear. but this briskors< was coufio-d to transactions adow of revival was presented by the market; of retail trade and did not mak» i^e-ft felt to *ny great degras in the world of general stuffe, which constitute a birametr of the business Further, at the tim when
general commercial condition, were inclining to a state of depression, a vinent depreciation of cotton yarus. which took place in April-May. inspired apprehensions ૨ to
future cline of production. It is true that during thi course of events and resulted in a general de.
time an increase of the spinning industry and schemes or the establishment of varion, new en, terprises found some few promoters, bat, never. theless, in response to the commarcisi depres. sio», there seemed to be a renewal of the tend ercy to look seriously ahead. On the other
the
hand, if the tate of the moner market bi con- sidered, it is seen that the payments on account from the beginning of the rear, lealing to an in. of war cutlays continued mouth after month
creased scattering of capital, while, at the sams time, as a result of the spread of a war induced
a
similar
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149
disposition should be witnessed. Still the financial condition remained as saay as over sad thus the clos of the year approached. There was indeed a temporary increase of demand for coma of busines; arrangements incidental to the sce unmodating, but this was merely the out- class of the yair, and thus the situation may be summed up by saying that thing pissed quiety alike in business and in finance.'
THE "DEVANHA" COLLISION.
The Kobe Herald trans'stes from the Oraka Ma'uitchi an account of au interview with Captain Azama, Military Attache to H.I.H. Prince Funshimi, who gave the following nee sant of the mishap to the P. & 0. 8. Derauha : --
“The passengers on board were His Highness and suite and two foreigners, besides an official of the Nippon Yusen Kaisha. At the time of the collision, His Highness and all the other in their cabins. I was still passengers ware, dressed and WAA reading when I heard several blasts of a whistle, apparently sounded in warning. might be wrong. I went up immediately to the Thinking something
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The officials are very alert to catch and destroy all the revolutionaries whom they cau, writes the Wuchang N.-C. Daily News -For the most part these co responent of the reem to be foolish, half informed students, who would upset the existing order of things in a violent and uncons itutional way, without having any well thought out scheme of govern. ment or reform.
pirit of effective ec n my among the people, Lucking experience they, large sums were placed on deposit in the banks. of course, soon expose their revolutionary ideas | Money became easy both in town and in country. and are easily found out by the anthorities, and the banks in the various beilities set thera For example the meetings held by them here! selves to lower their rates of interest on d-. were to some extent open to the ablic, and posits. This began during February in Osaks most light-heartedly photographers WPTA engaged to plotograph them as they met and
and Nagoya, and other plases took step. in various groups a sub-committees. Conse. interest in June of the year 1905 had maintained Our bank. sincs rai-ing its rate of quently as soon as suspicion was aroused and one or two aght, the auth rities by puroka.... the marke', bu', in due appreciation of ruling the same figure in conformity with the state of ing the whole stock of the photographer's conditions, two reductions of 2 rin each were pictures had most damning evidence against all those concerned.
made in the dafly rate during March and M、g. One method adopted by these revolutionaries, of the year, the fineness of the weather and "At the commen ament of the see and half will be condemned by most outsiders. In order the prospect of a good harvest brought signe to obtain protection in case of trouble, some of a recovery of tone. Basiness, which had been of the students obtained positions in mission schools as sta 'outs and tried to hide themselves under the prote tion of the Church. A year or two ago lawsuits
were the great danger of Christian m'ssionaries, m-by of whom anwittingly wer- led to interfere in cases which for the good of the Church had far better have been left alone. To-day the danger that threatens is that men with revolutionary and even anarchist views may make a pretence of Christianity in order to be received into the old of the Church.
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Simultaneously. I heard a crashing now, as if from a collision, at the bows and at the same moment I saw a dish of light. Prior to the the Dwan' bad slowed down, and at the time of the collision she was going astern, that the rosuit of the collisi›a were minimisk, I heard a seaman report to the Captain that the damage was very slight, and [ theranpou went blow and reported to Prinos Fashimi, who had not yet gone to sleep. His Highness expressed pleisure at learning that the damage W 18 small and displayel no
then un asinew
went ар again on dak At about 1.45 the Davanha lowered eight boats, which went toward the other steamer to gira assistance in rescuing the crew it required. A few migated later. flimes ΠΑΓΑ Ben 00 the ther steamer, apparently in the part of her which struck the Dirinha, and it soon became apparent that an utbreak of fire had occurred. It conll be sean, howevar, that the orew ware working quietly to subdue the flames thora hing no panic, and in a short tim、 the firs appeared to bextinguished. In the meantime the Captain of the Deranha had gone to Cham-
000.
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berlain Nagasaki and reported to him cerning the occurrence. We first knew the name of the other vessel from a member of her crew who jumped, or was thrown, on board us during the collision. She was proceeding from Tokuyams to Innoshims Dockyard. The second mate of the Devanha weat board the Shinshu Maru and enquired concern. ing her ona litinn. The Dovanh's took in sɔms water after the collision, but this was FO 10 pumped out. The damage to her WAS VAPY light and as it was well above the water line she could easily have proceeded on her way. As, however, Prinos Fashimi was on board, the
fast course was taken and we pat back to
Kaba."
The Shinshu Maru took refuge at Mitanga- hama ad is to be towed to the Innoshims Dock for repairs.
It may be added that the man who wa thrown on to the Draaha from the Shinsha Maru at the time of the collision had quite na learning of bis presence Prince Fushimi sent Од anjoyable time on board the former vesszi.
for him and kindly treated him to champagne and cigarette, while the crew provided him with a new outfit of clothes. He was decidedly reluctant to come on shore at Kobe.
A fire destroyed a godown sad the threa storeys above at 68 Connaught Road on Feb. 23. The outbreak occurred in the godown, which belonged to the Kwong Tong Tai, and the con- tente, Japanese curios, being of a very infium. mable nature, the flames shot upwards and eareloped the whole bouse. The Fire Brigada
turned out promptly; and, had they been able to get good pressure of water, they would doubt.
stoffs and in their sequel all kind of merchan. ** long depressed, began to revive. Worea
dise gradually came into active demand. Thus, in September, when subscriptions were invited for the South-Manchuria Railway shares, the applications amounted to an extraordinary figure, and the share market, which, from the spring, had developed an upward tendency under
less have saved the third and fourth storevs. rarions influences, grow increasingly active: the inception of various new enter rises grow
As it was, they succeeded in preventing the fre gradually more frequent, and
from spreading to the adjacent houses and bad there were the flames under control in half an hour after cocasional apprehensions lest an abuss of this' arrival. The damage done was considerable.
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