November 25, 1907.]
PRINCE ITO'S DINNER.
TO MEET SIR FRANCIS PIGGOTT.
|
CHINA OVERLAND TRADE REPORT.
pride which was the greater as he was the Prince's guest in a country where the crowning task of the great statesman's remarkable life was going to take place. He did not feel at all like a traveller, he was among old friends. He had been invited as an old friend and as such wished to thank his fellow guests of the even- he had accepted the invitation. He ing for the kind manner in which thev bad His Excellency. He also thanked them for received his toast so cordially proposed by their kindness in conspiring with Prince Ito to make his stay in Seoul pleasant and agree! able. He asked them to join him in drinking the health of the noble host.
THE INTERNATIONAL COTTON MANUFACTURING CO., LD.
The Directors have submitted to the share- holders the following audited accounts of the Company for the year ended September 31, 1907.
working resulted in
Profit and Loga Account.-The year's 55,581.22, to which the balance bought forward net profit of Tls. from 1906, Tls, 33.111,26, being added, the sum with. of Tls. 88 692.43 remains at credit to be dealt
&
It is recommended that the several additions to the plant accounts made during the year, amounting to Tls. 3,173.43. be written off, and that the balance of Tl. 85,519.05 be carried forward in a new account.
The Seoul Press of Nov. 13th says:— On Monday evening Prince Ito gave a dinner in honour of Sir Francis Taylor Piggott the Chief Justice of Hongkong. Besides the guest of honour there were present Viscount General Hasegaws, Viscount Sone, Mr. Yi Wanyong, Prime Minister, Mr. Ko Yongki, Minister of Finsoon, Mr. Yi Chaikou, Minister of Educa- tion, Mr. Im Sonchun, Mr. Song Pyongchan, Minister of Agriculture, Commerce and Indus. try, Mr. Cho Chungwuog, Minister of Justice, Lieutenant-General Yi Pyongmu, Minister of War, Mr. Yi Eunpong, Minister of the Imperial Household, Mr. D. W. Stevens, Mr. Henry Cookburn, the Right Reverend Bishop Turner, Mr. O. R, Coales, Mr. . Tzurubara, Major. General Murata, Major-General Mata, Mr. M. Komiya, Mr. E Ishizuka, Mr. K. N beshima, Major-General Aksebi, Mr. Ko Heuîkern, Mr. H. Furays Capt Naite, Baron Satake. Mr. N. Nabeshima, Mr. Tsugaru and Mr. M. Zamoto. Prince 'to in proposing the health of the guest of honour, said that it was a great pleasure to him to have as his guest an old friend like Sir Francis Piggott. It was now about twenty years since he had had the pleasure of making his distinguished guest's acquaintance. It was while he was enraged on the task of drafting the constitution of Japan, th t Sir Francis oame out as his legal adviser and it gave him excced- ing pleasure to have Sir Francis as his guest after such a long period. His pleasure was all the greater beca 189 his friendship with bis valued guest had not been formed accidentally, but as the result of labouring together upon a work of the greatest importance to Japan. England, His Excellency continued to say, was his second home. It was forty-four pr forty-five years ago that he had gone to England for the first time. In those days he knew something about China and other countries of the Far East, but he had no knowledge at all of the countries of the West. On arrival in England, be was, therefore, simply astounded by what he saw there; he had not been prepared for such marvellous progress in arts and civilisation. It was then that his eyes were opened; it was as though he had been born anew. He came home a new man, and he had a task to convert his conser. vative friends to his point of view, but of his experience in that respect he did not think it necessary for him to speak, as it had nothing to do with his guast of the evening. He was sure he had said enough to show that he had reason for calling Eugland his second home. For these ressons he was particularly gratified to greet the Chief Justice of Hong-outstanding in the last account, amounting to kong as his guest. Finally he, thanked the other guests for their courtesy in coming to his dinner, and asked them to join in drinking the health of Sir Francis Piggott.
Sir Francis Piggott, in reply, said it was twenty years almost to the month and day since he had set out from England to take up his new post under the Japanese Government. By
▲ curious coincidence, the almanac in the quarters that he occupied now happened to show, when he arrived here, the date of November 19. which was the day on which he had left England twenty years ago. This he regarded as a happy augary for his sojourn in Seoul. Indeed in coming here he felt that he had come
The plant will then stand at the figures resulting after deduction of the liberal sums written off during the previous three years for depreciation, and it is not deemed necessary to Tis. 17,223 33 has been spent on the maintenance reduce them further at present. The sum of
of the machinery and buildings during the and charged to working account.
year
8
Whilst the earnings of the year show moderate profit, the Directors feel that it is inexpedient to recommend the small dividend that might be justified were batter conditions existing in the yarn market the earlier months of the year bore out the hope The earnings of
that satisfactory results, approaching those of the previous years, might be realized. Early in the spring, however, a marked falling off in demand ensued, which became accentuated to ward summer, and for some weeks the mill
loss. The later months justified a resumption was put on short time, with some resultant of working on full time.
"be stock brought forward on September 30, has since been nearly all cleared under old contracts.
Dehentares.-"uring the year the debentures
Tls. 107,0 10, have been fully paid off and
cancelled.
Directors. Mr. C. Tburg, Mr. M. March and Mr. W. H. Poste resigned their seats on the board upon
their departure from Shanghai. Mr. C. Rayner, was invited to resume a seat on A. Hide was asked to fill the seat left vacant by the board on his return to Shanghi, and Mr.
the departure of Mr. W. H. Poate.
The changes in the board require the share holders' confirmation.
Mr. F. Ayscough retires by rotation bat, being eligible, offers himself for re-electica.
PROPIT AND Loss Accorsi, As on September 30th, 1997. Dr.
Tix. To interest account
29.078.73 Less-Net rental Chinese
houses
Tis.
By transfer fees
By accrued interest and profit on securi By working account
ties realized; debenture trust fund
LIABILITIES & ABsETs, as on Sept.
Dr. To capital account,
54 deben- ture account, outstanding last account
To since repaid...
To loan account, Russo-Chi-
nese Bank, etc. Leas-Cash in current ac-
count
To reserve fund account. To sundry creditors To unclaimed dividends
Less-Deposit at bank to
cover
To profits and loss account
Cr.
345
45-34 82,093.85
1,324.14
Tla. 116,514.59 30, 1907. Tls. 628,800.00
107,000.00 107,000,00
268,300,00
16.320.38
251,972,62
150,000,00
24,290.30
1,560.00
1,560,00
88,692.48
Tls. 1,143,762.40
Tis.
337,544.60
By property account
Less-written off deprecia-
tion to September 30, 1906 67,541.00
Additions-since made
By plant and machinery ac.
connt
I
270,000.00 2.225,90
272,225,90
767.845.55
530,000,000
21.085.68
written off deprecia- tion to September 30, 19,6 237.845.55 By ginning mill plant.
Less depreciation written
off to September 30, 1906 16,085.68
Additions since made
5,000,00 876.60
5,876,60
By furniture account
6,692.50
Less written off deprecia- tion to September 30, 1906
2,192.50
4,500.00
Additions since made
70.93
4,570,93 12,901.68
3,685,80
76.050.58
210,613, 12
23,549.50
217,063.92
1,561,00
By sundry debtors By unexpired fire premia By stock on hand
Cotton Yarn.
:
Les paid for not
delivered
Waste and seeds Mill storos Coal
17,535.48
2,282.50
Tls.
314,501.48
1,143,762.40
Shanghai, October 21, 1907.
J. F. Seaman, F. Ayscough,
} Directors.
G. WUILLEUMIER,
Secretary.
CANTONESE "PATRIOTS.”
ENGLISH GUNBOATS ON THE WEST RIVER,
SELLING CHINA TO FOREIGNERS.
held there, one by the gentry and students, the A. Canton correspondent writes that on the 19th inst. there were two indignation meetings other by the merchants,
A Mr. Kong Sew-chua presided over the first, Two thousand people, more or less, were pro- and a Mr. Wong Chew-ping over the other, testing against the Waiwupa "giving the English power to cruise about the West River
roule.
Even though our own forces be inadequate to to cope with pirates and robbers, in effect said one speaker, we cannot tolerate the active presence of foreign troops. We must try the Waiwapu and the Viceroy first, Then if these fail to meet our wishes, we must combine in another boycott. [This speaker's name is given as Chan Cheong.po.] We must establish a self governing sonisty for oar protection,'
Another speaker said the Sainam ' pirsoy was being used as a pretext to encroach on Chinese jurisdiction, and that the whole of Kwangtung was in danger. Was the Waiwupu 88,692.48 selling China to the foreign-rs, as some men said? Let them take a million dollars from the Customs and equip Chines· gunboats to extirpate the pirates. They did not need
Auditor.-Mr. Arthur R. Leate, C.A., bas audited the accounts and offers himself for not among strangers re-election. but among friends. It was twenty years ago that he had first heard the call from the
C. RAYNER,
Chairman. East, and in the life of the East he found an inspiration which was a source of great joy in those early days and which later continued to influence him in tropical climates and now in Hongkong, the centre of British civilization in East Asia. When he had come to Japan twenty! years ago. it was his great fortune to have served under so great a master as his illustrious! To directors' fees host. For him from the first he entertained; To auditor's feex ... regned, but that regard soon ripened into
To balance brought forward friendship, and the friendship remained un-
September 3 th, 196 33.111.26 impaired ever since. How deep was his friend-
Profit September 3 th, 1997–55,581.22 ship toward Prinos Ito might be seen from the fact, probably known to most of those present, that one of his sons born in Tokyo, Was called after His Excellency. therefore, with great pride that he came on the present occasion as His Excellency's guest-a
It was,
Cr.
5,356.62
23.722.11 3,750 00 350.00
Tla. 116,514,39
Tis.
26,211.26 3,100.0
By balance from September Tls.
3 th, 1906 Lesa-Bonus paid staff.
foreign help to do that.
44
Reference was also made to Chinese-owned
33,111.26 launches flying foreign flags.