INTIMATION.
ally liberated from the national debt has to Back rainvestment elsewhere and must necesarily go on depressing ratée, a
But the lot of the investor la pochiapa fuot quite so unfortunate at Mr. SCHLOSS
A.S. WATSON & CO., LIMITED would represent it. For instapos, the recon
ESTABLIND A.D. 1811.
ALL those are asisoted by our Loudon House, bought direct at first hand. imported in wood and bottled by ourselves, thus saving oll intermediate profits, and enabling us to supply The best growths at MOORRATE Prices.
PRICE LISTS, with Full Details, to bo
sent cut.
SEENEY.-Excellent Dinner and After Dinner Wizes of very superior Vintages. All are taas Xeres Wines.
CLARET Our Clarets, including the jewest priced, are guaranteed to be the genuine product of the juice of the grape and are not artificially mute from raides and Gurmants, as in guzorally the case with Cheap Wince.
BRANDY-All our Brandy is guarantool to be pure Cogase, thin difference in price boing merely a question of age and vintage.
WHISKY-All our Whisky is of excellent
quality and of greater are than most brands in the market. -The SCOTCH WHISKY marked "E" is universally popular, and is pronounced by the best local connoisseurs to be superior to any other brand in the Hongkong market:
reduction in the rate of interest, in the Far East has sent up the value of all good dividend paying stasks, so that the old: învestor finds that while his income remains
#
THE HONGKONG DAILY PRESS: FRIDAY, JANUARY 24TH, 1898,
The On Sung, which ran on the Duet Book, on Monday night, was yesterday pouped dry and the hole in her fora part patched up. She will be taken into clock to-day or to-morrow,
REUTER'S TELEGRAMS.
[SUTTLIED TO THE DAILY PRERA."]
LONDON, Sist January
THE UNITED STATES AND THE VENEZUELAN BOUNDARY
DISPUTE.
President Cleveland's Commission has invitad Great Britain and Venezuels to fornish it with evidenco regarding their compostire claims.
FROM THE "BANGKOK TIMES"];
LONDON, 9th January, FRENCH OPINION ON THE TRANS. VAAL CRISIS CHANGES. The French newspapers are veuring round
and beginning to be in England's favour.
ALLEGED GERMAN PLOTTING:
AGAINST GREAT BRITAIN.
It is believed in well informal quarters that
ascendpney in South Africa.
DISCOVERY OF DIAMONDS IN AUSTRALIA.
LONDON, 11th January. An importul discovery of diamonds has been edo in North-west Australia.
THE REBELLION IN FORMOSA
fifteer.
HEAVY LOSS OF THE REBELS.
A. S. WATSON & CO., LIMITED. put their money in then will suffer. propor-mann, R. Shewar, R. K: Leigh, W. Parlands in land shares I can only promise that but the loss of time will be amply compensated Ward. Now suppose I push him with to flat four or five knots there is very little doubt
THE HONGKONG 'DISPENSARY. Hongkong, 9th January, 1896.
NOTICE TO CORRESPONDENTS,
[22
OXLY communication renting to the notes dolumne should be getûressed to The EDITOR
Correspondent must forverä their name and addrese nih communications aldrated to the Editor, not for publication, but as evidence of good" fasth
A letters for mislication should be sovitten an oun side of the paper only!...........
No anonymously signed communications that have already appeared in other papers will be inserted..
Orders for extra copiss of DAILY Pares shall rent befors 11 am, on day of publication. After that hour the supply is limited. Only upped for Garh
Telegraphic Aildrees PIE
P.O. Hz. 20. - Talephone No. 12.
The Daily Press.
at their head, that are looked upon as absolute. On these the interest is likely to go on declining, and the investors who
tionately, but for those who are willing to cur the risk of employing their capital in reproductive undertakings there was per haps never a better field than at the present desire, on behalf of the Directors, to exprongsagendad by Mr EDE, Messra. N. A. Siela and owlar to avoid this I proposo that och main fore-part should be sharp while she is propelled no other pomt I want to speak about.
day; and wise legislation has already done mitch, and may still do much niore, to pro- tect the investor in joint stock undertakings from fraud and mismanagement oi thie part of the directorates..
The C. P, steamer Empresa of Traka arrived at Kebe at 2 p.a. on Weducsday and left at 10 p.m. for this part.
Yesterday afternoon on the Happy Valley, after a close and even game, H.M.S Centurion defeated the llongkong Football Club by two goals to uti.
On the motion of Hon. A. MCCONACHI. L. D. Ezekiel were re-elected directors,
Mr. Grong proposed the re-election of the retiring anditor, Mesars. F. Henderson and J. C Poter.
Mr. LEIGH seconded, Carried
The CHAIRMAN That conchidos the business of the meeting, and am very much obliged to your for your attendance. Dividend warrants will be renly to-morrow on application at the offico. Those shareholders outside the colony will have their warrants posted to them where their addresses are known.
BUFFRE
thebis about 8 par vent, which is very different plan the skin of the ship is monstrated from skin was only slightly bent and not penetratext. BER. WHITING--I have had the advantage på from what the writer in the Daily Frass made the gunwale to the paterline, and an imments This experiment is analogous with what lang, wikuosing the very interesting experimenta gut, which was something Uke, I think, 6 per rash of water into the vessel is the reen. poned in the two before mentioned cases It which his Excellency Admiral Makaroit ban car cart. I also notice an Inroase in the comunis. Lot us go into the details of the collision so shows that the moral experiments, if properly, ried out. Tiny say in the first pinos that the sian account from $2,800 last year to: $8,925,06 that we can securtain whether any remedies can carried out, ere very nesiul in testing the whole question has occupied the attention of ship- this year, which is also a gashifying improve- | be applied to lasen, the danger. I shall try to application of now, improvements. Does it builders for the last fifty peace-over sincs ment: The improvement may to some people be as brief as possible, but, in order that you | not. Also show, that armething can be done ships have been built of iron-and the subject seem slow and perhaps not very substantial, but should better understand let us look at thờ to minimise the effect of collision? What has hitherto horn, approached from just the stil it is steady and gradual, and then people matter from ovory point of view. Tho first and is the hensen, then, that up to now, nothing has opposite direction to that explined by Afrijral munt remember that luruses cannot be built af lest remedy which one can proposo is to avoid a boon done to minimise the effect of pollision Fafakaroff. Whereas, Admiral Markarf socka at once, nor can suitable tenants be found for ollision altogether, audcor (ainly overy improve. We see intorcawenta in every branch of ships, te introduce a buffer on "110" tose_of_the THE MONROE DOCTRINE. them without loss of fine; and lows of time wont in the rules of navigation in very in building.Why, thon, is l important striking ship it ⠀ kaš. ordinarily Loa A pesclation of the Committoo extending the mean lose of interest, und loss of interest menas portaat, but the conditions under whiob seamen fem as this infé without due attention ? There attempted to devise a solone whereby the ably undiminished (for dividends are not likely Monroe doctrine has been reported to the loss of revenue. It is a stake to sxphot large have to navigate are sometimes eo difficult that is something which interferes with this mest glanck would be proof against dianstons resulta: Beasts. The effect of this resolution if carried a knoculative stock, it is a stock ominently place in futh, notwithstanding any rules hurt anybody's feelings if I say that the main until about eighteen years ago when the "Ad profits from this property all at once, This in it la portantly certain that collisions will take necessary improvement. I bellovo I shall pot after cofision That, idos, foll Lave disuse WINES AND SPIRITS. down) his capital has been angebed out will be to place the smaller Amaricas for the cautions and careful investor who above that may he prapeut in order to make, nariga reason why ships are not improvest in this way miralty for ptaly military purposes thought The Jute Lord BEACONSFIELD Gee referred powers in absolute subjection to the United all things, seeks safety for his investments on a safe as possible. The round comedy is the fan apposition that they cannot be it would be desirable to uso merchant ships for to the chemical trade as a test of commercial States. A
(Haar, hear). Buch an investor at boms'wonid is to minimise the effect of collisions, and on improved. I hellovo this is really due to pre-war purposes, and a large number of bulkhead prosperity, and Mr, GLADSTONE on a certain
receive from console, something less than 2 per this, point I shall speck afterwards in detail. judica; at any rate no scientist has yet proved anbdivisions were introduced into the ships occasion recommanded jani tu the attention
cent, white bord we are reuiving very little less The third remedy is to have watertight but this supposition. It is overybody's fault that At that time-in 1877 or 1873-there were not than & per cent on our original outlay. Theuda, so wall disposed and to strongly but this prejudice exists. Quand tout le monde alert twenty tim la passenger seamships in the of his hearers. Following these great minds
moy Room out of place to mention.consols that they should localize the inflow of water. tout le monde a raison. Where there is a world of suy nationality whatever which let us look at iec. Ten years ago a porzon-.
and lands in the same breath, but if you It was at the beginning of my service that I prejudica there is no progress, and the first antiated even the most rudimentary necessities investing 31,000 in the stock of the Hong
consider how safe and solid and strong his commenced to study this question, and notre thing that we have to do is to remove the far anfety in time of silision, and only Company is, how free from speculative busi-thing was done in the Russian navy to make prejudice. As soon as we believe that ships con asmall hole below the water line would cause. kong Ice Company, Limited, received
acre, and how carefully its managed, the bulkheads more efficient. I shall not trauble be improved in the desired way they will a vessel to sink, as there were no means [return of 860 per annum, while if he has
and how much more olovely than, say other you with the details of this most important bo improved. in a very short time to obeck the inflow of water. In consequence, company its intarests are bound up with the branch of shipbuilding, but I reature to lay It is taken for grauto that the ecergy of a lowever, of the representations made to the kept his holding to the present time he has
interests of the colony, I do not think you before you one single proposition which, in my blow which is developed by ojio ship striking Admiralty, the matter was gradually pushed the satisfaction of receiving a return of more
will find the comparison so far fotoled. A opinion, will produca à great improvement in another is so very grost that no mesna (8 be forward, and new, owing to the efforts of Lloyd's * ay rate there is no other company in Hougtha atter. I wish to draw your attention to devised to absorb it without injuring the alip's and the Board of Trude, all fest class passenger had on Application.
than $150 and knowing that if he wishes to
kong that so well deserves to be called the the fact that everything on boards ship is tested skin. Let us see if this is so. A. lig ironclad steamships are more or les provided with balk realise ho can get $2,200 for the $1,000 in
consuls of Hongkong. While on the Bbject fore she is taken from the hands of the ship of 10,000 tons aiming at five knots speed gives beads against collision-always supposing that PORT after oval should be reated a vested ten years ago. We do not think the month before use. When required for investor has much to complain of in that
of consols and gilt edged securities there is one builder. Capstone, radler, anginos, cranes, a striking blow of 15,000 foot tons, while the hullshouds are reliable. FYou Dow nowe travele point I wish to put before the directore, and I winches everything in fact is tested in order mazale energy of one 12-inch projectile is 20,000 very slowly, and I should be very sorry drinking at once it should be ordered the position. But, Mr. SCHLOHS would say, in
do it with very great diffidence bacanes I am to sasure that the whole of the Gfbingane quite foot tons. Ton koma very wall when you propol if this meeting closed without seran in- decanted at the Dispensary bateriovestmont in ice shares is specalation and the ¦ Gorinany has for some tiñe past boon taulur-indadod amongst the list of securities, pluded from this examination. If you ask a ship.energy into the opposite dirention. Shoolt no- and tholtests to which they are evtsjented. At sure that it is a very practical proposal nonna and capable of performing the work they the trojctile with this energy one way the gun foranston being given as to the conditions Would it be posible to have land shares are meant for Watertight bulkheads are ex- and the carriage am thrown with the very man neder which the bulicheuds are putinto the vessels professional man dare not speculate Hosting slimes to arrest the progress of British there is such
á his daughters should starve." There we
list, which the Luvr builder if he tried the balkhewis he will answer thing be arrangud to withstand this blow a the premuttive in the Royal Navy all bulkbonda Fellows for the investment of trust anda? Yes; and he is perfectly right, because he lot et damage would moessarily follow. But of any moderkte size and all compartments of I como ta a question of terms: where deos in
I know that a good maay trustaas wenld be ir obliged to test thout with the fra bose. If, hydranlio Juffers easily absorb this mergy moderate kisa Am netually filled with water, not glad to be able to put their money in loads if aftor collision, bulkheads were not subjected to in a space of two foot, and wally the ecly to the level of the water line, but generally vestment end and speculation begin? That
Ühey could do so without breaking the low. I a mora sovar, trial of their strength, then of shock is sarogly folt en board the ship about five feet above the water Luo. With rogsed would be a difficult question to answer, but
myself have had to invest money under a trust course it would be all right, but unfortunately. If it was a question of absorbing the entry of to the larger compartmenta pom bara no other doud which distinctly states that tho tristons when a compartment is filled with water the the big ironclad striking perpendicularly on test but the hose to upply, but it must be borne in it was never more trus than in the present,
can, invest in any lawful amenities. To the pressure which the bulkhead is subjected to some firm solid bleók strong enough to rossive mind, that vore elaborate calentations nor bo day that money make money, provided, its
ordinary mind it would som the ero aro Je very heavy, and I think the only way to be that how, then en admary: 12-inch gan's made, and I can speak in an impersonal way use is regulated by common sense and
many lawful securities in Hongkong, and it absolutely certain of the strength of the balk huffer fixed on the rats would take the whole because they were to by members of Lloyds
heads is to try tham ndor milar conditions energy discretion. Those for whom the country
would never oorar to him that land shares were
tas 10,000 ton ship atriling at the Registry and also by the Bulkhead Committee in ablawful escurity. Those who unfortunately to those in which they will be after the copiapoad of fire knots. This example shows that which sat about the years ago. Very useful "has been taxed for years in order
haro had experience of the peculiar workings partment is Alled with water. Allow mo to the pergy of the blow is not sú rúry enormous work indeed was done by the Bulkhead Com "to make them richer while, they aro
of the legal mind will not be surprised to hear give you an exemple. Now only few mant Gonewally spooking, u collision over occurs mitte and some visable experiments. wom asleep" are in rather a bad way, hut [SPECIAL TELEGRAM TO THE "DALLY PRESS. Ang so that way rusantis, to put money powder, and nobody dare maken place and that direitishes the speed consider very nearly all we want to know as to what that I was udvised that this clearly meant that facturors know how to make guns strong when the brats are going fail speed. Krgines made as to the strength of bulkhands, pad I | I could not invest in any stocks stall in Hong-ough to resist the mouse presence of are always reversed before the collision takes think we may tul it that now we know they choose to wake up and take an active
... TAtreur, 3rd Janitary. part in the direction-of their capital there'
on fixed deposit which I would more cheerfully with inferior metal for the simple reason that ably Experiments show us that if the big amount of stiftering is required in spstiúr Battles took place with the retreating rebels are put in land ahares. If the idea is im- every gun is put to a very severe trial before it get ship in the world was going at full cases to make the bulkhead absolutely relia is abundant room for its remunerative cru- near" Zelur on the 17th and 19th just. The practicalilo it will do no harm if I call the is taken from the hands of the makom. If this speed ahead she could be brought to rest ble in case of collision. Indeed, bulkheade playrecat. If they succumb to the atturs minties-on-the-first day we three hundred-station-of-Inwyers-and-capitalists to this condition were not insistat upon anybody three minutes after the engines gre reversed way he taken as Palable In all Breb nave ments of speculations in gold mines and the
point and ask them to bear load shares in could make a gun which would resemble the from full spead abcart to full speed-astern steuners: they will not forsake you just at the killed nad on the second day sixty. To mind when next drawing up their trust deada. vary best specimen, bat it is certain that the I-have, pointed out that the skin of the ship moment of trial. With regard to the lock stop like they will have to stand the risk, but Japanse loss in the two bagagement was Bat the one point I wish to ineke, gentlemen, first tinio the gun was fired it would be blown to struck is pastrated because of the hatchet like per there is very litle doubt that relying there are plenty of sound investments 16
is if mortgages, console, and Indian railway pieces. If we cannot accept guns, capstans, action of the stem of the striking veseat. Should upon that is like relying on a braken roed. I he had offering the prospect of increased.
shares, and other stocks of that kind are beld in wuches, &c,, without trial, why then do we the fore part of the ship be at the skin of the you make a hole six inches square and ten fest dividends and an increase in capital value. UNGKUNG LAND INVESTMENT horse, which seen to me a mach simpler and when a ship has been Btted with engine; broken. The affact of the sollision would be an hour comes into the host, aud it is hardly such high favour by the Lw, why should land accept bulkheads without trial?. I propose that ship collide with would be hattered in, but not below the water line, a thousand tons of water AND AGENCY CO., LIMITED. No doubt there is an element of risk in all
maze convenient and more easily realisable boilers, watertight doors and everything domego more or less sozione, lat there would be necessary to my that thore at fow vessels that of them. Even console themselves are not
form of investment in mortgages and land be else which cannot be damaged by water, no hole in the skin. Certainly, it is impossible can have any appliances for turning out that The ordinary geural mcoting of the Hong excluded? (Applease). I have very much a trial of the bulkheads should take place to Inald a ship with a flat ros, because such a atomnt of water. Than coming directly lo theoretically free from risk, as is shown by kong Land Investment and Agency Company, pleasure in seconding the adoption of the report by filing the compartments with fresh water ship would not be easily propelled, and besides, if the method proposed by Almiral Makes We only guarantee our Wines and Spirite the factuations in their value caused by hig, yesterday, at neen, Hon. J. J. Ball-Irving
Limited, was held at the offices. Victoria Build-and accounts."
to the upper part of the bulkheads. This wa mazo the fore part of the ship flat we should reff, I wish to say that I am of opinior to be genuine when bought direct from us in political disturbances; but practically speak-presided, and there were also present-lon. C. desire to be unfriendly or unfair to the Com of crepetent officials, who should certay In order to show the difference of the effect of problem we have before as is to sa, dimot tho Mr. SHARPI should like to disulaim way trial ought to be made in the presonca be safe only when the blow. was perpendicular, that it rests on an entirely sound basis. The the Colony or from our authorised Agents ating there are certain securities, with consels Chaler, Messrs. N. A. Siebt, D. F. Jason, pery. My remarks were made in a spirit of that the bulkheads are strong enough to with the abp bow and the flut bow, allow us to skorgy that it shalt cruel up close materini the Coast Ports.
A. Shalten. Hooper (Secretary), Hon. A hour) M. D. Exckiel, S. St. Michaelson (Directors), friendly criticism and nothing elo(Hear, stand the fall pressure of water, and that they give you the following example. Suppose I and so, sest the vessel from foundering. Ad
aro watertight. This trial over, the built, see the 'Clairman in danger and I wish to move | minul Makoroff very wisely finited his method Moonachie, Musers. G. Murray Bain, G. C. Mr. SHEWAN-T think I sail the error was lindors, pipes, &o., can then be covered with him in order to save him. If I try to move to jow speed. Take a 10,000 ton ship going Forbes, C. Ford, E. Georg, J. M. Goos Cox, J. H. Cox, V. H. Deacon, NJ. Ede, J. M. unintentical.
the usual non-conducting composition and the hirm by pressing him with the point of a sharp fifteen kucts. The copy in that vessel is so The CHAIRMAN With reference to what cabin fittings pat in their proper plate, knife I am sure to kill or at least to want him enormons that it well be very difficult to has been said about the investment of trust Probably all this work will occupy a week or so, before the force of my blow sends him back frustrate it. But when you come to a speed of C. S. Bhorp, and A. Woolley, meeting.
The SECRETARY read the notice calling the the mattor will receive the attention of the for by the ship being guaranteed absolutely of my hand. He will neither wounded or indeed that some appliance of this kind wordd
directors at their next meeting. The CHAIEMAN sail-Gontlemon, before pro
trustworthy in this respect. If the salision killed; he will simply be moved from his placo, I do a star great deal to promote the safety of The revelation was carried.
takes place upon one of the main balkheads, This clearly shows that the solution of the pro- the resséi etruck. I hope I'm not speaking ns ceeding with the businos of the meeting I
two compartmente are filed with water. In blera is to build a ship in such a way that hor too groat length on this matter, but there is their sincere regret at the death of their co
bilkhead should be supplied with extra small through the water, but that it the moment the There is no doubt about the possibility of build. league Mr. Poon Pong, who was a member of
watertight compartments at the side of the nose of the ship touches the skin of another hiring such structure us is propes by Admini this card since tau formstion of the Con-
ship ad from ten to twelve fost wide. Then faro-part should collapse and present a fint sur Maleroff, but whether it could be always carried year having been in your hands for some days, pany. The report and accounts for the past
the collision would only affect one bulkhead of face. The power of the shock will consequently is.nct matter I am exempelent to disenes. It I will with your paraission, take them as
these small compartments, and the result would be distributed over a wide surfact of the skin, seems to mu to present a great many difhoudtsen be that instead of two big compartments heirg. bonding inside ribs beans, &c., without making. I have a doubt whether it would be readily cap. read, and I trust you consider them satisfac
filled with water only one big compart n hole in the skin. Some part of the power of ablo of being disconnected when for were about tory. You will obervo on reference to these
mont and the little one would be flooded. the shock will be exerted in collapsing the fore proceed into action. I do not say this. is an that or rarrtgage account again shows a considerable falling off, and consequently the
The fourth romedy for preserving the safety of part of the colliding ship, and if this part is insurmountable disunity, but I do not see now the ship consists of a means whereby looking designed properly the collapse will absorb the how the difficulty can be overcome. How to parents from this soures is correspondingly
may be stopped. Twenty-five years ago I pro- greater portion of the blow. It would bo mast minimise kas of life and property through col las, while our rent account has increased,
posed the use of collision mata; one of them was desirablu that at the moment of touching lision is a question that cortainly merils the owing to the larger amount we have in
exhibited at the Vienna Brhibition and every the false nese should begin collapsing before attention of the whole mercantile worki. (Ap voted in property. The total manuunt on
mas-of-war of avery nation has them now. Lately the skin of the other ship, begins to give lause). mortgage and invested in property when we
I have improved this apparates, but although way. The fores required for collapsing Commotore BOYES--Mr. Chairman, Admiral Use our seconds was $4.310,360.66 against ADMIRAL MAKAROFF'S COLLISION they are invaluable, on men-of-war I do not should increase with the progress of Bris Malauroff has told you that I witnessed Lis 34,406,166,59 on the 31st. Deo, 1894, yet our
think they will be ever accepted for morchnat, collapse, because more surface of the striking experiments, and from what I saw it soams ie total revenne. from these sources shows an
slips, becameo in order to use them to advantage ship is engaged in resisting the shock-may be me they were most cessful when the bafer nurse of 36,893.24 opor that of the previous
the crow most be. regularly, drilled. I do not it will be possible to altogether avoid damage was applied to the model; what the result Four. As I have stready sulet, pur properties
say the mats are useless for commercial shira, to the vessel which is struck by se arratge would be if applied to a large ship Joumot fall, have acntinued to improve in their refarne, but Yesterday afternoon His Excellency Admiral but there are now more apertant improve ing the false pose that the full power of the hat it was clearly shown in the experiments it mast be borne in mind that the whole xam-of Makuroff, of the tiussion Navy, mot a number wants which have prior claims to our attention, shook will be utilized for ameshing those that the ram without the puffer oasily peretratuti entire year, and that in this amount aro $1,797,736.34 bsa not been invested for an of leading residents in the Chamber of Com- Now I return to the second remedy. The gen. By that time the-ebip which strikes will lose the model, bat when the small fatce nows, as merce in order to give explanations of his pre-oral opinion is that the colliding blow is so vary the greater part of her spent, and the other Admiral Makuroff call it, was applied to the sisting for the greater part of recollisions at sea. Hou. A. McConachie prufled,dit; but I can give proofs that even when the examing the question whellor ships can that it was certainly proved that, as regards tions, which there is little doubt in the and there was a very large attendance, amongst force of the blow is comparatively slight the be provided with a false nose strong enough to the model, the result would be successfal. As hear futuro will produce result. The amount earned for commission Commander R. Murray Eumsey, Hon. Com- of fact that the vertical stem acta as a knife give way at the moment of collision, Tel case if the sbap was going of a high rate of spoorP a satisfactory those present being Commodore Boyer, Henkin of the ship is penetrated. It is a matter. resist the effect of the ses ind weak, enough to Mr. Whiting has just veked, what would be the has again increased, and azooeds that of the waxler W. C. H. Hastings Hon. J. J. Bell and that very little energy is required to penist engineers whow I see in this nacione are The sect would probably, bo very disastrous 200he Counyany's properties base ait R.N., Captain Tillett, Captain Barnio, Captain We know, for instance, that the truthie, the vantare le propos comething it is for: thu there are to dorbt occasions when u collision in previous year hy over $1,000 and of 1998 by frying, Hou. E. R. Bolilice, Captain Tonnard, trate the skin of the ship which is run into more expert than I to decide this question, however much the ramming was blunted. But sous. Less than thirty years ago anyone in this part of the world might count upon
been kept in thoroughly good order, which ac G. C. Anderson, Mesars. A. Woolley, R. steamer which sank the big ocean liner be simple reason that I wish to exchange ideas unavoidable, and the captain of the shly-knows recsiving twelve per cent on his money with Remedios, says the Bangkok Tisase, is supposed tear, have to be pretty well continuous on se- and athers interested in shipping and insurance. Drezybody knows that the Elbe went to the the ship is built as asal, and that the fulst sos which must ensue.
empts for the manhat large sam shown Shewa, T. Jackson, St. C. Michaelsen, W. was of very small dimensions, and struck when upon the subject in order to arrive at a proper his ram is like a knife and most deally, yet kë The remarkable disappearanos of G. des under the houding of repairs, and which will, 1. Ramsay, N. J. Ede, W. H Ray, E. M. Grey, alis was going at a very moderate rate of speed. conclusion. Let u imagine that the use of cannot do anything to prevent the less of life perfect security. Tokay the Banks will to be solved by the fact that at Ayuthin re-enant of the stringent regulations made by the
I have in my mind the only give him four per cent, and there recently there was man afarang "who looked Government and the Sanitary Board in respect Chamber of Commerce H.F. Admiral Makaroff
The CHAIRMAN-On the invitation of the boltor in a very short space of time and only in un additional part which can be put on or case of the Utopia, an Italian transport, - which
a fow of the passengers and crow were saved. more like a Japanese than a European," at to house property. You will observe that we has kindly consented to come here to-day for the rumours in the air of a further reduction, floating hotes on Hus. Raw. A girl living at rarzy forward a larger smount than hitherto, parpose of explaining his scheme for minimising plans. A Bussinn steamor, Azore; touched soy one eighth of an inch, and should ran I believe the ship became helpless, and she taken off when necessary. I imagine that it in 1890 went into Cibultar and swing to qui I was a witness of a similar case in the Hos ought to consist of very thin sbauts of steal, dovidant-the steering geur was carried amy, rumours which have an air of probability, the new buildings on Kiong Talat, and to your Directors, taking into account the the offects of collisions between ships. I may a big French mail steamer, the Procence. The in front of the ship as shown upon the drifted right doya brendaisip on to the now of seeing that the Banks all have more money formant, disappeared almost simultanonely (ou low rates of interest new raling, deem this solf in the study of similar sohemes since he was was not more than two or three knots, but her to give enough strength to the skin té | ovident to all on Bourd the Aaron that this whom Remedies made love, continuos our infalling off in the demand for mortgage and the mention that His Excellency has occupied him speed of the zone at the moment of collision diagram. Many littarils and stays inside ought the fami, one of our battleships, It wou on their hands than they know what to do the 18th Des) with two other girls From all corn raore predent than, the payment of an a young Titaannt, and some twob ty years ago stem masie s hole in the skin of the Frenc, enablo it to resist the fores of this saves with The case of the home investors is of which it would appear that whatever incon-increased dividend. It does put our to me too of his inventious collision mat"-
was going to happen, yet nothing could be doxio. stated as follows: "The reduction in the vonisacos the sheen one is suffering want of make any icrther remarks, but I shall be pleased was exhibited at en oxhibition held in Vienna I may give another example which occurred lots of the slip ought to be filled with some soft, after drifting a few hundred yards she sink, and the latter immediately went to the botions. The space between the falso shell and tus sose A large role was bareft in the Utopia's side sout "interest on good securities, which has been any find gentle influences are not among to answer any questions any shareholder may and received sich genoral attention and approval than a year agu, ideo in my jonones, in the fibrous belasco (not powder). This in and a large matabor of people were drowned.
Anaire to ask. "going on for thirty years, has excessively
as to lead to ila adoption by most European hachum of Chefoo, when a torpedo enteuer of stance is intended to play the role of D'aubiúu As Mr. Whiting bus said, special atenti Hon. A. McCoNACIUE---There are two qnes navies. "harassed and injured them, has, in fact,
At the Polioo Court yesterday eight soolies, tions I should like to ask. The fint is, Havo study of the improvement of ballese, uts, chustruction touched the criser Famiat Asova After collision the false note will present the is a ones in point. If there had been a shield He has no ocoupled himself with the 100 tome displacement und of very light and the sholi will pay the role of a pilloweno. enght to be drawn to this matter. The Utopin deprived them of all the benefit yielded was a party of a thousand, Chinese you had a report from an independent expert and uns importance of his ideas in this latter and although the steni of the torpeda cateher appearance as shows in the diagram. The ship's on the ram a very serious loss of lifa uaight have suliers going to Pakhol, werecharged with eurry about your riortgages? The second is, Do you connection so favourably impressed Mr. Mor was of very delicate construction the holu nose will not by dimmaged, und es generally thereon avertel. This was a cum where there was in other classes by the reductions of ing arms without a licence. Fines ranging from place the interest on developed properties to loy, Chief Engineer to Sir B. J. Reed, the great mad was big enough to parait of the entrance is a cargo in the fare compartment of the sisearly any speel at all; the vessel was simply "taxation, and of nearly all, if not quite all, $10 to $20 were linposed. The defendants had the dobit of revenue acount?
naval construcior, that he publicly lectured in "the advantage to be derived from the them was found three rifles and zoyoral roundequities is "No" is nach ease. Ne interest is Excellency.
of a tall men. Had there been no helt of in front of the collision bulkhead, it will be the drifting down on the bow of a man-of-w with colpa ashore from a seamship, and on one of The CHAIRMAN--The answer to your in Lendou on the suggestions alvaaned by His prour at the waterline an immouse rush, of; werk of a for hours to aufusten the tolls anfi El râus. general fall in prices They save and of ammunition; the others had revolvers in their charged at all on undeveloped properties.
At this time Admin Maha-water into the vessel would have followed rogove the mushed fair nose in order that the Admiral MAKAROSH - I wish to call attention roff was only beginning, as it were, "his It is a known fast that two years ago a torpedo slip inny continns her coyage as if nothing bad to the remark ninda by Mr. Whiting about "save; and as they save, the value of their P.C. Lippiatt alan charged one of Hot. A. MCCONACUIT- Thank you.
the defendants with assault. When urrested
Yal career, bat his own Government vory soon bout of 70 tons displacement went into a man- Iappened. Lbelieve that it is necessary to eday. milkbeads being considered reliable because "savings is taken away from then by an he stick and kicked the constable and owing shareholders must fave observed with grati. officer, and rewarded-him by rapid promotions. I inlieve tho examples which I have given are out which is the best way of constructing the false enhance their safety. This Committed drew Mr. C.S. SHARP-Mr. Clairmen, I think recognized the great ability of their young of-war and the skin of the latter was panstrated. on experiments sui-a large scale in order to find there was a Committee which dil much to "automatic process which they can neither to his violence one mas escaped from fication the increas the rovenne which the feel sure thy explanations we are about to madhicient to prove that, however slight the blow nose of the ship. The cost of these experiments certain rates under which bulkheads had to "prevent nor censure. In 1860, with a oustody. An additional furs of $50 or two Company derives from its investments and pro. listen to, coming from such a distinguished is, the skin of the sulp collided with is of a will amount to only a trifling percentage of the be constructed. He ako mentioned that in months' imprisonment was passed on this party. I hope that tisie increase may be capella aval officer and hearing on such an important ortainty damagel, and a resh of water fellows loss which is being continually caused by col-ordain of warevery comprimanta testod "little mangement, an investor could obtain raman: Mr. Ellis, who afterwards appeared for of expansion in the near future, because I liceenbject as the reducing of die risk to life, and It is believed that nothing can be done to lisions. Let the best euglacers work out with the exception of the big compartments. I ou the best security. £500 a year for every the defendante, asked for co-hearing of the arms that taking the amount invested in properly property, will be followed with close attention minimise the effect of collisions koonase the their plans and submit then to exports do not speak of small balkhand, because the "£10,000 ho posarssed; while at the presont, exempted from the operation of the Onliuance get a return of sething like 4.15 per
cases on the ground that the defendantes were and the rente derived therefrom we only by all presint. (Appinizse).
flows que so very heavy, but this does net moan for oramizston. After this a genorul hiv | surface is zo small that they urs bound to resint in the sand securities, ho is lucky if he can because they were in the service of the Chinese cont, or taking of the most charged gentlemen,
Admiral MAKASOFF-Mr. McConachie ant thas nothing can be dous in case of only a slight might be passed making it comply, fer pressun they are put to, but I wish ship.
I need not tell you
that shock. I may give an example which will prove every ship to be provided with a false can builders to be absolutely sure about the big 7“get £275; and, indeed, he cannot get it Government. A re-hazring was fixed for to-
to repairs to house proparty, the rotara collisions are vory frequent in these days, that two ships may collide without damage Unfortunately in this mutter averybody is it balkheads, bocanso oven if thus strength of the without running some risk. As the first
day.
dwindles down to 3.34 per cout. You have just I have no statistics, but every one reading one boing, sustained by dither. Thirty years ago terested in a general sneer bat nobody in fren is well calculated we must not forgé tlias "abjent of saving in this country is to obtain
·been good enough to tell us that several of the of the big morning newspapers finds there Admiral Boutakoff wished to give his caplains particule. Insurano Lemies prefer to be all these hulkheads have water-tight Goore with In reference to reparks made at yesterday's Company'a idovaloped properties are Hirely to ahuest every day some information about the opportunity of naming exorciso. To fiberal and they do not intafere much with the east in frames, which might bond and crusk, "incone, either for the investor or for those meeting of the Land Investment and Agency show a considerable Snore, and I hope this collisions at sea and their fatal consequences gu boule of 300 tons were employed for particulars of the building of a ship. They ne shen the doors wont in foreat from this posi whom he is bound to protect, the effect of that the interest payable on money on deposit matter of the Compatty's martgages we have details, but more often the report is surrounded by a lengre fender two feptia diante tur. any rick. If one Inengquee Company insist. The stumpas en pussed through the Company, it may not be out of place to suggest will prove to be the case. With rogurd to the In tamen the newspapers give different dis purpose, and each boat was cutirely obliged for certain percentage to gearuntos then and an inflow of water wonkl follow. "the fall of interest, has been to reduce the with the Company should in future be shuwa now advanced soinoting like two-thirds of the brief and simply states that men and mohade of very light tres d
in the accounts.
branches upon shipovtors providing ships: with a faso "bulkheads and perhaps in such a way that when "reward of thrift by one-half--a half which able to see what the Company's own funds were importanca of this matter I think, if I might lives wore last. Everyone of us is so reush yiekling shield. This protection was sufficient clients will diminish, and that will be followed our wo guurunteo that thew things will not Shareholders would then be capital of theso mortgages, and.considering the ship wont to the button and sey bound firmly together as to present aanse the sunly the uninter of the Company's rossure is applied the pipes give it). How "the unlucky investor cann in any way "make up." The cause assigned for the from the accounts as published. As stated in a fature to give some sort of report annually, as we do not rak araalves whether it is really by the other. It is true that the speed of the No sul one shipowner put a false nose on fixtly deformatial to the opinion of the gentle decline in the rate of interest is the paying advanced on mortgage in 88,512,624; and whether these mortgages have boun looked into for both of than should go to the bottom. saw myself that the cervuerion at the moment weigh slout two tous and cost about £204; ind voly tres trial is to tilt alt the compartments, paragraph a few days ago, the muant done by other coinjem es in Hongkong, as to ennuidable that after the collision and ship als was never higher Simu is knots, bet I Lisships he would lose because the false nose would man who Lan spelen, but still I think that the off of the sutional debt, which raises the the interest shown in proft and less uc and the properties afford satisfactory stcurity is falon for granted that from time to time of raining was so great that not one of the for this reason his shins would be dearer than right ap to the top that is the sole guarantee price of consols, and as the latter net as the count amounts to $108,277, which would appear for the amount invested. I do not think I have ships collide and sink, and I believe this sort of barometer for all borrowers who have perfect the amount advanced, however,
to show a return of 6.61 per osat. Part of anything inore to say.
non en bound could keep his fest. Tas proves the ships of bis competitors and curry less cargo, that they are safe information praluces less hupression upon that from the moment ons ship touched, the The reasons mentioned before interfore very | Mr. Francis—I beg to proposy, most security to offer, all gilt-edged securities rico
than some trifing political news. From time other to the moment when the vessel was stopped, much with the furtherance of this improvemscthearty vote of thunkh to his Excellency Admiral in uyopathy with them, Ms. SciLoss be added, a profit is mado, the money being
of inquiry or court the colliding, ship malo o progress of may Only public opinion can give an effectivò incon. Ifakaroff for his very lucid vxplanation of the mortgages are well covered. With regard to martial Investigates the details of the healy cus foot. Ent in the core of the Pointed tive to the matter, and really if by ecbscriptious ideas he has entertained and the inventiosa ka suggests that for the benefit of investors the bad at one mate and lent but again at the first part of your marked I niny say that in collision, but it is certain that the cruri daw the crew of the torpelo cateher were not u Fund can be raised and given to the Board of lins made on this grave subject of colisions, repayment of the national debt should beings of the Company's own funds invested on thers are unly two instances. and these are
another. Deducting borrowed money, the earn. the developed propertina held by the Company will study chiefly the question as to who in the least affected by the foret of the blow. This Trails or to any institution which will carry and to nasure hits that every pineon in this room is responsible for the collision, and very-show that the resistance of the skip's side when on the ucessary experiments, then program is and every person who will be male uegnainted stopped. The Spectator says Mr. SCHLORS inge amount to something over 7 por small properties, in which those give us a little notice is generally taken of the reason why, the skin is pouetted is very small incomparison bocail to follow. We are not bound to decide throne, the newspapers with the fint that ho talking nonsense; and the Spectator is right. work out from the accounts. It would be well, instance there properties give a roinra of from buildens tell us that ships are divided by the Is there not a striking difference in the result of be reuninded that the loss of roperty from important ubject ill be prepare to thank sent; the exact percentage it is impossible to return of less than 8 per cent. In every other after collision, u ship goes to the bottom. Bhip with the resistanceof the skin before penetration. the question in a moment, but evõi yoze should has given his attention for so'mny years to po Our contemporary has a good deal of also, as in the cass of the Shanghai Land Invest to 134 por sent. One reason that the rettura watertight balkheads, and that the buoyancy the two cases I have just mentioned? While collision is immense, and that almost evry him most heartily and to give every consider sympathy with the unfortunate investor, ment Co. Limited, it in the report some part of intarast appears low is that there sts many is sallafont to keng a vessel afloat should one in nue case the slaps continued Lheir practice day many lives nas lost, owing to the absence tion to his suggestious and "to" hin views. but has nothing more valuable than and their devsiopment. Mr. Shewen spoks of the and consequently their returns ero only for the Generally when collisions cour there is nobody doggy was very grab and if the Elbe had at sea. (Applause.)
anlars were given of the Company's properties of the now investments made only very recently of the compartments be led with water.as if nothing had happened, in the other the of any means to minimise the effect of collisions (Applause). sympathy to offer; there is nothing to he Company's shares as the consols of Hongkong last few months of the year and not for the to securately record the details, and a rule been in the place of the Patriot dove she would
Tes The zoeting dhezi teminatel done with national surpluses, it says, except where a ter investment, though the return iç
and, it would certainly be difficult to find anywhole period under review.
it be taken for granted that the collem took have gone to the bottom In order to doxon pleased if any gentleman will make any remarks The CBAIRMAN--The Admiral will ba vary to be honest and pay our debts with them, not particularly handsome. The reserve fund
Mr. Sing-Tace.
place at the bulkhead, and for this reason two struts the dinarones between touching the skin or ask questions The CHAIRMANAs hamaro no farther big compartments wore filled with water. May with a ram which is without a buffer and a Tam leaving investors to catro care of themselves does not consist of neeunahated earnings, but questions I beg to move that the report and be it will also be suggested that one of the with a baffer 1 made some experiments & few tion. In the raval neuvres which your
Mr.Woosley—I should liko, as best they can."We entirely admit their of hard cash subscribed by the shareholdersrtalonient at accounts as presented le adopted meals conll not stand analian inguso pres-weuka ngo on board my fagship Emperor. Nick Excoleney, referred, et what rate of mood was the Anglican Church at Parkık-on a recent
by way of prosium on the second issue, and and passed grievance, which we have often pointed the net earnings of the capital aid reserve fund
sure and gave way the critical mentas Vice Almiral Buller, Rear Admiral Hoff, the rang vessel going? Mr. Suwas have sexy mach pleasure in Formerly collisions were not so fatal, au sailing man. Commodore Boyer, and many captains out for ourselves, but it cannot be re-mount to 50 per cent, which insite of coding the motion and I congratulate the ships ich eually constanted with were invited to witness them, A model rent which the torpedo bout that struck the Singapore wouldly in-ngkok the following His EzeLLeyi kota; the same speed Sumbay morning but the Lerd Dishop of medied, or even partially relieved, at the capital. The dividend is never likely to be milted and the taperoncats shown torcia, la front that the effect of collision is of course weight so as to ram a model which are Pamiot Aron was going to
the payment of a dividens of 8 per cont. on the rangent on the stateront they have sub fid:lle bow, baru bowsprit and so much rigging presenting a ramming vessel was mored by k.
Sunday and thaughocided to read the follow #expense of the nation. Nor is there any less and shareholders hopu lant in time I think Mr. Clarp, like the gethau who minimised. It is also necusary to mention Funded the amidship section of a shin. A small like to ask his Excellency whether he has wit
Hon, ComMANDER, M. Rumsey-I shoulding, which may interest sonte of mir rudors:- indiention that the decline has messy property is undoroloped. Some fuforms laughter)-has been menteutionallyva, Ritló very much less than it is now, and that the cotton cloth was made which could be adjusted Resend any experiments on a large scale with may be much more, us good deal of the irrote the Daily Press the other day that in the old days the speed of the ship was butor of a quarter of an inch thickners of reached its limit. The national debt has on ought to be affected, however, so to just to this Company. The amount favested absips were mostly of wood, which resiste more to the runs. When the blow was dealt without this special felso one already shak from £888,000,000 to the progaves of the development, and if, as Mr. ou mortgages is not, I think at any rate there vetively than the thin plates of stool used at the buffer the rum easily peuntested the skin Is ExDELLENCT--In nuwer to that ques £600,000,000, and if the existing system application is to be made for legal action to Ing to the Cutipany Some of it is probably sily the dager part of the ship, and before the male an iuroad of three-quarters of an inch, too expensive for a private individuat, mal the Shewan anggeriod at yesterday's mosting, an is no rason to suppose it entirely cash balong the present day. A fiddle how usually doronged of the other model and the rating ressaltou I may say that such exporintcats would be continues it will within twenty years be the investmont of trust funds in the Company boremod. For I see on the atler sido accounts, water line sould be reached the fores of the and out a bolo two inches in length, which in experimente I carried out wore with model reduced to £400,000,000 and be within stook the spplication would have to be supported poyale amounting to $412,000 old. Now sup-blow had shent healf. The ships of to-day travel reality nusaus eight font. When a sixailor oz which was provided with kind of cotton buffer of the Church of England resident in the King- measurable distance of total extinction much more detailed particulars of the business pots the Company for the sake of argument, at a high rate of speed; they have great dla peribunt was made with the buffer on the ram These experiments were carried out ou board dom, ofia, who, ay not being within the The large amount of capital being contini promentos at yesterday's moelleg.
and investments than are given in the accounts has borrowed $400,000, that would leave placement and their vortical low is so strong an inroad of only a quarter inch was sufficient the Emperor Michelat and thing has yet Diocoso and Jurisdiction of any Bishop of the
$2,100,000 cash advanced, and the return on and so sharp that the moment collision take to atrast the progress of the vessel, and the been done en a large scale,
}
said Church, are commonly, supposed to be
HONGKONG, JANUARY 24TH, 1896.
In a recent number of the Spectator appears an article replying to a letter by Mr. D. L.
The N. P. steamship Victoria, from Tacoma, has arrived at Yokoliams, and sails for this port, via the usual Japan ports of call, to-wor. row, the 25th instant.
MEETING AT THE CFTY HALL.
This afternoon at ilm Happy Valley the B: ECHLORS in the Investor's Review on the Ilongkong Football Club will hold a Ragby included our "nadeveloped properties, couposed method of miniteising the effects of powerful that nothing en minimise the effect will rocade in a corresponding manner. Lot ramiaing-slin, the only romult was a dent; so
practico game. All players are invited to attend. Kick-off at 4.45-p.m.
derline in the rate of interest and the hardship it brings to investors. Many residents in the Far East will feel a lively sympathy with the grievance exposed by Mr. Scanoes, for they are experiencing it in their own per
it
The P. M. stour Coptic, with malle. do. which left benco Doc. 27th for San Francisco Honotala, arrived ut hor destination on the 21st vla Nagasaki, Kobe,-Ininud Sea, Yokohama, and inst
them.
deposit with the Company, on which, it should position to tell you that in every frstanco the to time, a court
money on The CHAIRMAN-I am glad to say I am in
AN EPISCOPAL MANDATE
Var Ray. Caton Greonslook uansuncel in
COMMISSION FROM THE BISHOP OF LUNTOS Broderick, by Divine permission Bishop of London, to the Right Terorand George, Frederiak, by Divins permission Bishop of Singapore. Labisa, and Sarawak, grout.
WHEREAS there are divers persons Metabors
ing.
: