November 28, 1908.]
Eastern Asia though totalling the huge sum of sixty millions sterling or thereabouts gave but a partial idea of the large British interests con cerned in the trade, shipping, insurance and finance, of the most populated portion of the world's surface. But just because the China Association enjoyed the privilege and opportun- ity of exercising such an influence, just so it was necessary that the opinions advanced should be right opinions, enlightened and guided by knowledge, and no blind judgments based on ignorance or misapprehension. That brought them back once more to personal responsibility, a responsibility which could not be too strongly arged on every member, especially those who were on the fighting line ten thousand miles | away, for on them would rest the progress or the downfall of British trade and commerce in Eastern Asia.
CHINA OVERLAND TRADE REPORT
results, was now taking place in China—a change, or rather a revolution promising in its conse. quences to be the greatest revolution the world had over seen, politically, socially, economically, reconstructing the entire basis of national life. It was a satisfaction to know at such a time, that the President was shortly leaving to visit the scene of these important developments and they all wished him a safe journey, a pleasant visit and a safe return, to give again to the Committee of the Association the benefit of his ! wise and experienced counsel. (Applause.)
Mr. Scorr in replying referred to the President of the Association as a mere figure head, but loud cries of "No" met the declaration. He proceeded to mildly reprimand the speakers who had avoided his example by speaking lengthily and had thereby reduced the time available for friendly conversation afterwards. in rears to come would take heed of his words At any rate he hoped that the officials to follow
that such a gathering was intended to be a socia one and not one for lengthy speeches.
Mr. SCOTT was much cheered and the toast was greeted with musical honours.
After that there was a short reunion of old friends in the reception room and then the gathering dispersed.
TWO EASTERN BISHOPS RESIGN.
SUGAR.
391
Yokohama 16th November, Prices here for refined *re 20 to 30 sen per picul below the parity of the supplying markets,
RICE.
to
HONGKONG, 28th November: — The upward tendency continues, market being firm.
Quotations are :-
$5.50 Saigon, Ordinary
$5,60 Round, Good quality 5.10 to 5.15 Long...
5,50 Siam, Field mill cleaned, No. 2..... 5.05
Garden,
No. 1... 5.20 to White,
5.40 to Fine Cargo
5.95 to 6.15
F
1
5,45 to
to
6.10
5.35
5.45
SA100N,-Messrs, Wm. G. Hale & Co, in their latest circular dated Saigon 13th Nov., 1eport:- Our last circular was issued on the 16th ultimo and the latest posted advices received since are as follows:-Hongkong 10th instant. Yokohama 30th uftiino; Manila th inst. Java 6th instant, Singapore 9th instant and London 16th ultimo:-
No 2 White sifted (trié) steam milled
round
No. 2 White unsifted (ordinaire) steam
milled (round).
5% Cargo steam milled round 10%
argo steam milled round
20% Cargo steam milled round
$3.55
316
3.05
2.95
* Prices according to terms and conditions.
ports of White Rice, Cargo Rice and Paddy: -
The following is a statement of this year's Ex-
Destinationn. Hongkong
Shanghai Ningpo
Manila Iloilo
Total pcs.
2,715,800
76,400
45,300.
.1,070,800
124,000
496,700
1,765,100
Singapore Batavi
751,100
125,900-
140,800
64,000
1,136,600
75,000
21,000
Samarang
There never was a time when Eastern affairs were in a more interesting state of flux. never a time when the consequences at stake were so great. To rightly appreciate and prepare
for the developments that would inevitably follow, an inquiring, friendly and sympathetic attitude of mind was absolutely necessary.
The Chinese language school, in the promotion and progress of which the President had taken a prominent part, was an excellent step in that direction. No better commencement would be made by the envoys of British commerce towards acquiring a facility for accommodation to new circumstances,
Dr. Fyson, after thirty-four years service in an insight into local conditions, an access to the Japan. has resigned the Bishopric of the minds and hearts of the people among whom ! Hokkaido. He went out to Japan as a C.-M. S. they treated, than by securing a knowledge Missionary in 1874. Some years later he of the language. The Japan branch. recognis. became principal of the C. M. S. Theological ing the importance of this fact had pre-College at Osaka, and was consecrated Bishop pared a scheme covering a course of study in 1896. Dr. Fyson has now become rector of divided into six stages extending over three Elmley Lovett. Drostwich. years. Certificates were granted for each stage The Rev. Bishop Hose, who is now in London. successfully passed. These certificates were has resigned the Bishopric of Singapore, not onlly proofs of knowledge but undeniable Labuan, and Sarawak, Dr. Hose first came to evidences of earnestness and industry. The the East as Colonial Chaplain of Malacca in scheme had been in operation only a few 1868. He was appointed Colonial Chaplain of Cebu months but already a great obstacle was seen in Singapore in 1873, and two years later became Japan the uncertainty that often surrounded the stay Archdeacon of Singapore. He became Bishop in of an employe in Japan. So many firms 1881. The retiring Bishop is 70 years of age. regarded their Eastern staffs as interchangeable and as these short biographical notes showe between the different countries. In these days forty years of his live have been spent in the that was undoubtedly a mistake. Conditions of East. trade and general surroundings in Japan were! totally different to these prevailing in China or elsewhere, and each country required a special experience, the longer the better. The days of the intermediary compradore or hanto had almost passed away in Japan, and to secure successful and satisfactory business it was now more and more necessary to possess a personal acquaintance with clients, and a working knowledge of the language. No interpreter. however able, could make up for the lack of. Malwa New those acquirements. On account of this need i Malwa Old for personal touch between the British merchant Malwa Older and his Japanese constituents for an understand. Malwa Very Old ing of each other's ways of thought it seemed advisable that those employed by British firms in Japan should be encouraged to consider themselves as permanently established and not subject. to sudden transfer to another sphere were their knowledge, to gain which they might have spent considerable work and thought and self denial, would be thrown away and might prove even a hindrance. Those who were work ing amidst the changing conditions of the East might easily fail to realise the great differences Stocks on the 12th Nov, 1968-1,016) 2.302 1,075 which had taken place, and the still greater Nos. 12th Imports per C. Apour differences to which they must look forward. As an illustration of their vital and important character, they might look at the comparison between Japan's distrustful antagonism of fifty
IMPORTS
COMMERCIAL.
Quotations are:-
OPIUM.
HONGKONG, November 24th.
Persian Fine Quality
Persian Extra Fine Patna New Patua Old Benares New Benares Old
$120041210 per pieul
CH2:1230
$1240/1250 do.
do. do.
Passoeran Sourabaya Cheribon
Noumea
Reunion
Mauritius
Europe
Total
Same period of last year...
340,200
46,800
3,281,100
..12,279,660
16,218,200
Tonnage.-Quotations stand as follows: 8 cents to Hongkong; 18 to 19 cents to Java; 19 to 20 cents to the Philippines; 19 to 20 cents to Japan and 11 to 12 cents to Singapore.
Charters.-The following are the settlements:- Bourbon, French str., 26.000 picula to Hongkong at 8 cents per picul, Laertes, British str, 32.000 per chest. piculs to Hongkong at 8 cents per picul.
Exports during the month of white rice cargo rice and paddy have been :--
.81260/1270 do.
$870
.$950
$110)
.$1140
$1040
ཙྩཾ སམ-
do. do.
d.
HONGKONG, Nov. 26th-Since the 12th instant, the movements in the various Opium markets have been as follows:-
1th
25th
Malca Patan. Benares, Persian
943
Hongkong.
Manila Cebu
Singapore. Sourabaya. Cheribon Reunion
Maritius
Numsung Kumsang
501 310 201 100
570 255
Europe...
1,016) 3,571 1,900 943
Total..
201
Less Exports to East andy West Coast Ports including Local Consumption for the fortnight..
251
317
201
41
021 3,057 1,537 902
years ago and the sentiment expressed in the Less Exports to Shanghai rescript issued on the 14th October of this year by His Majesty the Emperor of Japan. For instance, "East and West are dependant on one another for the promotion of mutual wel. Estimated Stocks this day.. fare. On this account we should endeavour to cultivate friendship with other nations. At the
Bengal. We have to report an exceedingly same time it is highly important that we should dull fortnight deliveries have fallen off and be united with other countries in advanc. prices are nominal at $1140, for Old Patna and
for $1040, ing industries."
Patna $1100, Fifty years ago Japan in There are reports current that the importation of her weakness would fain have shut the Opium to America has ceased and trade with door to Western trade. To-day Japan Swatow is disorganized owing to some r-stric- in her strength sent forth that invitation tions having been imposed upon the sale of raw to co-operate in the peaceful arts of Commerce. opium by the Officials. A change which in view of the commercial Malwa - Dull. tendencies of the people they might
N. Benares. New
Persian.- We quote superior drug at $950. reasonably hope would bring about similar at which prices some sales have been effected,
COAL.
piculs
36,700
155,200
47,700
80,300
163,900
34,700
136,700
45,800
105,300
806,300
HONGKONG, Nov. 28th.-The arrivals of coal since the 1st inst. amounted to only 83,221 tons of Japanese. The only coal expected is 27,400 tus of Japan coal. There have been no sales of Quotations any importance in the interval, according to Messrs. Hughes and Hough's circular are as follows:- Cardiff... ¿20 to $
ex-ship, nominal. Australian $10.50 ex-ship, nominal. Yubari Lump...$12.00 ex ship, nominal. Maki Lump. .$10.50 to $11.00 ex-ship,nominal. Moji Lump $7.75 to $9.50 ex-ship, steady. Moji Unscreened$6.00 to $8,00 ex-ship, steady. Akaike Lump...$8.75 to $9.00 ex-ship, sellers. Labuan Lump ...$9.00 ex-ship sellers.