June 27, 1908.]

not quite safe, it was dissolved a year later, in October 1897.

3 Japanese Goverment Railways.-Then began the third stage in the development of Formosa railways-that is when the Railway Bureau was formed, and the authorities resolved to make it a Goverment line. The road from Keelung to Taiboku was greatly improved, sharp curves being made easier, and one or two hills which the old line climbed were now pierced by tunnels. The work under the Japanese Government bran in March 1899. At the same time they began the line southward from Shiochiku, and also from Takow to come northwards. The main line was completed and opened for through traffic on 20th April of the present year. Thus the work of improving the old line and the constraction of the new has taken about ten years to complete and during that time about thirty million yen have been spent.

The following are the dat ́s when the various stages of the railway were opened :-

EXTENSIONS OF OLD LINE.

CHINA OVERLAND TRADE REPORT.

The Chairman proposed and Mr. C. Holliday seconded the adoption of the following re- solution :-

i

That the Directors be and they are hereby authorized to create and issue debentures pro- viding for the payment of such principal sums as they may from time to time deem expedient with interest at the rate of six per cent per annum; such debentures to be in such form and to be secured in such manner, and to be issued to such persons and on such terms as the Directors may think expedient, provided that the moneys at any one time owing shall not exceed half the nominal capital of the Com- pany,

THE

The revolution was carried unanimously. This concluded the business of the meeting.

WATER RETURN.

IMPORTS.:--

COMMERCIAL.

RICE.

413

being seriously damaged by the recent flood in HONGKONG, 26th June -Owing to the rice orop the North and West River destricts prices have further advanced. Quotations are Saigon, Ordinary

"}

**

Bound. Good quality Long..

$5.40 to $5,50

5.50 to

Siam, Field mill cleaned, No. 2... 5.00

"}

Garden,

#1

White,

23

Fine Cargo

11

5.55

5.90 to

6.00

to

5.15

No. 1... 5.95

....... 6.75 to

6.85 to 6.90

to

6.05

8.80

Level and storage of water in reservoirs on the 1st June. City and Hill District Water Works.

Amor, June 22-The Customs Returns show an import 54,782 piculs between the 8th and the 19th inst.

Keelung to Taiboku

Taihoku to Yobaireki

Yobaireki to Shinchiku

Opened. Dec.

1900 Feb. 1902 Mar. 1902

NEW LINES.

LEVEL.

1907.

1908.

North to South

Tamsui to Taiboku Shinchiku to Chuko Chuko to Byoritsu... Byoritsu to Sansabo Sansaho to Hakoku Sansaho to Arisho... Arisho to Koroton...

South to North :-

Feb. 1908

Opened. Aug. 1901

Tytam

Aug. 1902

May 1903

Oct. 1903 May 1904

Apr. 1908

Tytam

1907. 274,975,00

1908.

Tytam Byewash

Takow to Tainan

:

Nov. 1900

Tytam Intermediate

May 1901 Dec. 1901 Apr. 1902 Deo. 1903

Pokfulum

5,012,000 nil. 58,420,000

Below overflow. Below overflow

14 ft. 2 in. 53 ft. 10 in. Tytam Byewash.. 16 ft. ib. 24 ft. 11 in. Tytam Intermediate nil.

2 ft. 7 in. Pokfulam

3 ft. 6 in 21 ft. 2 in. Wongnaichung 2 ft. 2 in: 22 ft. 8 in.

STORAGE GALLONS.

SUGAR.

KOBE-From the Kobe Market Report, June 18th-Beet. Unchanged. Cane.-The market shews no change since last report. Muscovados Basis Polarisation 96 per cent, colour average 124 - is quoted at Y8.00 per picul ex ship. Osaka Re- fined. The Osaka Refinery held auctions on the 3rd and 13th instant, At first sale, 6,800 bags were offered, 4,700 bags sold at prices shewing an advance of from 10 to 90 sen and remainder with- drawn. At the second auction, 5,400 bags were offered, 4,900 bags were disposed of at an advance 75,200,000 ranging from 10 and 20 sen and 500 bags with-.

696,000 drawn.

181,379,000

22.200,000

Wongnaichung 27,553,000

8,091,000

Feb. 1904

Nov. 1904

Jan. 1905

Tainan to Wanri Wanri to Shinveisho Shinyeisho to Kagi Kagi to Tarimu Tarimu to Toroku... Toroku to Rinnai Rinnai to Nihachisui Nihachisui to Shoka Shoks to Koroton ...

Mar. 1905 May 1905

In the south a small line was opened from Takow to Kyukyokudo in October 1907. It is expected that another small line will be opened from Kyukyokudo to Ako some time in June of this year.-Japan Chronicle.

THE ANGLO-FRENCH LAND INVESTMENT CO., LD.

An extraordinary general meeting of share. holders in the Anglo-French Land Investment Co., Ld., was held at Shanghai on June 12th. Mr. A. W. Burkill presided, and there were also present, Messrs. C. Holliday, C. W. Thomas and Bui Chang tyin (Directors), C. R. Burkill, H.

Total 365,960,000 287,366,000

CONSUMPTION OF WATER IN THE CITY AND HILL DISTRICT DURING THE MONTH

OF MAY.

1907.

OPIUM.

HONGKONG, June 25th-Since the 11th inst. the movements in our various Opium markets have been as follows:-

Malwa, Patna, Benares. Perr's

Stocks on the 11th June, 1908 -1,058 2,145 1,991 1,291

1908.

19th

Nam Đông..

22nd

19

11

11

Kum Sang..

206,960

**

1+

24th

11

..Caledonien..

Devanka.. 15

75 100 550 215 100

-

246

22.4 gallons

Consumption.. 123,288,000 143,580,000 gallons June 15th Imports per C. Appar.. Estimated popu

lation Consumption per

head

per day

336,100

16.8

Intermittent supply by Rider mains "p till the 17th May 1907. and constant supply in all districts to the end of the month 1907. Con- stant supply in all districts during May 1908. The return of consumption it subject to error owing to the difficulty of accurate measurement whilst the extension works at Albaney Filter Beds are in progress,

KOWLOON WATER WORKS. LEVEL.

Reservoir

1907.

nil.

1908. below overflow 29 ft. 3 in.

STORAGE GALLONS.

1907.

J. Clark, C. W. Thomas, C, E. Ellis, S. 8. Ben- Kowloon Gravitation jamin, C. Paturel, G M. Forrester, M. Ferrand, Rev Père Lorando, J. Hays (Legal Adviser) and J. V. C. Davis (Secretary). Total shares represented, 16,000.

C

The Chairman said that the Directors had called the shareholders together to explain to them the reasons why they wished to issue debentures. Under the Articles of Association the Directors had full power to issue debentures but they deemed it expedient to explain to the shareholders why they did so. A good deal of Company's property had had to be developed, and during the last two years there had been a considerable amount of money spent on the development of old properties, and this was going on now. Last autumn the Directors had a very favourable opportunity of acquiring a large riece of land in the Settlement, and they were going to erect two hundred houses on it. All this development of the company's property had swallowed up the working capital they had and rather than have an overdraft at the Bank the Directors preferred to increase the capital by the issue of two hundred debentures.

Kowloon Gravitation

1908.

Reservoir

nil. 116,500,000

CONSUMPTION OF WATER IN KOWLOON DURING THE MONTH OF MAY.

1907

1908. 18,681,000 22,261,000 gallons

Less Exports to Shanghal

1,300 2,970 1,506 1,587

CO

350 100

Exports to East and West Coast Ports including Local Consumption for the fortnight..

161

152 368 197

Estimated Stocks this day

Man muss m

1,058 2,168 1,308 1,340

unsatisfactory, consequently prices have steadily Bengal.The consumption has been extremely

declined and are nominal. Patna at $1100/1105 Benares at $1000/1010.

Malwa,―This description has also declined and prices are as follows:

Quotations are :--

دو

2 years old 3/4

.$920

955

5

12

Oldest

970/80

1,010/1,030

Persian. Unchanged at $880/890 for best drug.

$970/80 do.

HONGKONG, June 25th.

Quotations are:--

4

Malwa New

.$920

per picul.

Malwa Old

$955

do.

Malwa Older

Malwa Very Old

.$1010/80 do.

Persian Fine Quality

.$800

do.

Persian Extra Fine

.$880

do.

Patna New

.$1115 per chest.

Patna Old

do.

.$1025

do.

do.

82,450

7.3

82,900

8.6 gallons

Consumption Fstimated popu. lation......... Consumption per head per day

water is of excellent quality.

The Government Analyst reports that the Benares New

Public Works Department

W. CHATHAM, Water Authority.

Benares Old

AMOY.-The import for the fortnight ended 19th inst. has been 82 piculs Benares, 8 Persian, 1 Malwa, 12 Szechuan and 60 Yunnan.

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