Page
FORMOSAN NEWS.
VOM JAPAN. CORRESPONDENT.].
THE PALINE IN THE PESCADORES. With the object of relieving the distress in the Pescadores caused by last year's failure of the tea-crop the Offce-of-the Governor-(tenoral_ of Forms has droidal to reclaim a lot of ground close to the third pier at Mekong in order to furnish employment to the distressed proplo. The new to be rechimed is of considerable extent and will be used as a flah nad vegetabls market. A sau of 20,000 yon is to be appropriated for the purpose.
PRIMETAL FOREST DISCOVERED.
An interesting and unusual discovery is that of primeval forest which has been found in Southern Formoss. The forest is of vast extent, covers, it is said, 50,000 acres, and contains 120,000 camphor trous, each measuring from 7 to 18 feet in girth. These are roughly estimated to yield ten million eatties of camphor, which, purchased by the menopoly affles at 18 yeu per 100 cafties, will be worth 1,720,000 yes approximately. Besides, the forest abouutia în “red-grained" ok, ux. cellently suited for tanking Japaneso cara, and, also in tenge, valuable for cabinet work and other purpose% On the whole, therefore, the trees in this newly discovered but ancient forest may be valued at some tens of millions of yen. There is one big obstacle, however, in the way of their being atilised, and that is the excessive cost of transportation. Mr. Ishibashi, chief of the Aborigines district offier, is the lucky dis coreror of this forest. He has also discovered in the same ramute district a peak standing 12,0st feet above sea-level, the next highest peak therefore in the island, the highest boing Mount Nutska.
COST OF LIVING IN FORMOSA.
It is a curious fact that even among the. primitive aborigines of Formosa we ser the cry about "the increased cost of living" which is heard with such mourafut persis. toney in Hongkong, Shanghai, New York. Londos, and other centres of civilisation, The Japanoss havoksen going into that matter of late with their usual craze for microscopical accuracy and they find that within the jurisdic. tion of the Tainoa Prefectural Office 9 or 10 yen is regaired on an average to keep a family of four persons belonging to the labouring classes (for a month presumably), which is higher ly 30 per cent. then it was five years ago. In the district of Shokus, 7 yen will be sufficient and in Keelung 8 yen.
We urs carefully reminded, however, that these figures only refer to labourers of Chinese extraction, as in Formosa the Japanese, bring the conquering race, hare---like ourselves in India and elsewhere-to kop up style, which they do, in Kualung and its vicinity, ou at least 17 yen a month.
GOLD MINING ENTERPRISE.
Mr. Fujita Suwi's gold mining enterpriss at Zuiko mize, Taihoka-keu, will be carried on in fature according to an improved style. Heretofore only 70 per cent. of gold and silver could be got out of every 100 of the ores, but in future 80 to 90 por cont. will be obtained. It is estimated that 15 komme of pure gold
will be extracted every month, the ores obtained being 300,000 kavamme. The proportion of silver therefore sutist be far greater than that of gold in the orek.
GOLONG TEA.
16,407,720 catties of Oolong tea, worth 6,760,506 yan were exported from Formosa just year,
LATE TELEGRAMS.
NEWS VIA SHANGHAI AND JAPAN
TENEZUKLA.
London, 3rd February. The officiul t Washington are in denbt as to the extent of Minister Bower's powers, and question the bone-ades of President astro of Venezuda in the matter,
The blockade is causing infinita distress. The Allies threaten to bombard La Gusyra unless the Venezuela troops stationed there are withdrawn,
London, 9th February.
The negotiations about Venezuela continue, but the contradictoriness of the information obtainable renders the present phase of the negotiations obscure. One point is clear; that everyone courernod is desirous of bringing the matter to a close, which is retarded by Mr. Bowen's preular methods of negotiating.— N.-C. D, N.
MR. CHAMBERLAIN IN SOUTH AFRICA.
London, 9th February. Mr. Chamberlain, at a banquet at Bloom- fontein, said that it was a comfort to think that the abjet of his mission was accomplished Leyond his expretations. He hoped and believ ed that Lord Milner would stay a long time in South Africs to witness the fall fruition of bis great policy.-N.-C. D. N.
Londor, 11th February. Mr. Chamberlain, speaking at a banquet at Grahamstown yesterday evening, said that be was addressing all the colonies when he said that they were not doing what they ought with regard to their obligations to the Empire. The increased rote of the Cape for the fleet was not sufficient to keep the man-of-war Good Hope in commission for six mouths. Mr. Chamberlain's ebservations are sons dered to foreshadow a money contribution from the Cape.-A.-C.D. N.
FRANCE AND ABYSSINIA.
London, J February. The Paris Temps contradicts the report that the Emperor Menelik has broken off relations with the Fronck Minister to Abyssinio, hat admits the existence of disagreeable tension which has recently become more acute, being possibly influenced by recent negotiations. It declares, however, that it is a personal question.. --N.-C. D. N.
MJU'S RESIGNATION."
London, 10th February. Sir Joseph Whitwell Pease, M.. for Barnard Castle, has resigned-Lis seat.-N.-C. D. N.
DURING THE PAST 36 YEARS 500,000 tons of coal bave been burnt in manufacturing Lemo to fill the little earthenware pots known every Lenco is the genuine Liebig Com pany's Extract.
(2674-4
whore.
HONGKONG LEGISLATIVE
COUNCIL.
THE HONGKONG DAILY PRS, TUESDAY, FEBRUARY 17г 1903:
A meeting of the Legislative Council was held yesterday aft resou in the Conucil chamber.
PRESENT:-
HIS EXCELLENCY THE GOVERNOB, Sir HENRY A. BLAKE, G.C,M.G.
HIS EXCELLENCY Sir W. GABCOIGNE, KCMG (Commanding the scope),
Hon. F. II. MAY (Colonial Sooratory), Hon.
812 HENRY S BRKELEY, Kt. (Attorney-General)..
Hon. A. M. THOMSON (Colonial Treasurer). Hon. Commander R. M. RUMBRY. R.N. (Harbour Master).
Hon. W. CHATHAM (Director of Public Works).
SUPREME COURT.
Monday, 16th February
IN AFFELLATE JURISDICTION.
BEFORE THEIR HONOURS SIR WILLIAM
GOODMAN (CH) GF JUSTICE) AND A. G. Wian (PUIANZ JUDOR).
LAND COURT APPEAL.
He held that the Land Court were not wor- ruated in arriving at the decision they did
come to.
he Chief Justice--You a ́t up the 30 years' lease, Why did you not prodnew it.
Mr-Morgan Phillips said he could not,
M. because the Wongs had it in their possession
This was an app al by Ng Yik Shan as trastee for the Ng family sgainst a decision of the Land Court under the New Territories Land Court rdinaner, 1912, with referenon to the jouse of a tract of loud meie Kowloon City:
Mr. T. Morgan Phillip, barrister-at-law (in tracted by Mr. G. K. Hall Bratton of Hon. F. W. CLARK (Medical ther of Health). Messrs. Mannsey & Brattan, solicitors), upper Hou, Sir C. CHATER, C.M..
ed for tus appeliaut; and Mr. B. E. Pollock, Hou. Dr. Ho Kar, U.M.G.
K.C. (instructed by Mr. P. W. Goldring of Hou, WBIA YUK.
Masers. Deacon & stings, solicitors), was for Hon. C. S. SHARP.
the respondent. Hon, C. W. DICKSON. Hon. R. SHEWAN.
FINANCE.
Mr. R. F. Jounsror(Acting Clerk of Councils). The COLONIAL SECRETARY laid on the table Financial Minutes Nos. 1 and 2, and moved that they be referred to the Finance Committee. The COLONIAL TREASUREL seconded, and the motion was agreed to.
PAPENS.
The COLONIAL SECRETARY laid on the table the following papers: Report of the Superior Court forthe yene 1902. Report of Queen's College for the year 1902, and Report of the Widowa Jear 1902. and Orphens' Pension Fund for the
WATER SUPPLY TO THE PEAK.
The COLONIAL SECRETARY-Bit, it will be within the recollection of members of the Council that at the meeting held on 12th Dec mber exception was takea to the report furnished by the tagineer in elurge of the Waterworks on the subject of the intermittent supply at the Peak, and that the Director of Public Works promised to enquire into the matter. I have now the honour to lay on the supply to the Feuk district, as the result of the table a special report regarding the water enquiry by the Director of tablic Werks.
FIRST READINGS,
PUR HEALTH AND BUILDINGS BILL
Mr. Morgan Phillips said that the land in question was Lot 540 of the tract CC shown on the plan put in. Appellant represented the Ny family and had unquestionably o paramount tits to this land under a red deed held by the The Wong family, in whose favour the Luud Court bad decided set up a title to the land Lot 510 under a perpetual lease from the Ng family dated 1801.
Pho Chief Justice remarked that the Court was now in possession of the report called for from the Laad Court Betting forth the venous for their decisiou in the case. It was dated 14th February. He would rond if counsel desirod
Mr. Morgan Paillips said it was extra- ordinarily embarrassing to bare it sprang upon him now, but agred to its being real.
that the Wougs had been in possession for many
PHOTOGRAPHS
and would not give it up. The wes no OF THE FOLLOWING RACES:
evidence, he argued, that the Wongs wore in pensession of the land before .866.
Mr. Pollock said he thought his learned-
There was the witness friend was in error. Wong Kum Chan.
Mr. Morgan Phillips Probably that is the
be was ommitted for perjury. Mr. Polock replied that he was not. He came back from Queensland some tire years ago after 38 goals absency, and he stated that he remembered his father paying rent to the Ng family for the Inud 43 or 50 years ago.
Mr. Morgan Phillips west on to say that the case for the appellant was that the perpetua lease was a forgery and that the S0 years lease of the existence of which there was ample vidence, had been suppressed by the Wong family. The lesse dated 18 purported tas ire He would call granted by seven parsons. evidence to show that four of them were not living at the time the dead was executed two of then being dead and two of them not born at that time. The lessee was born in 1810 and
died in 1883. In 1893 there was a dispute between the two families about this pisos of land. It was devided by the elders. The lease was produced and the elders held that the le. had not expired, and recordingly the Wongs remained in possession. He pro, used to call evidence to stow that the perpetaul lossa wasn forgery.
Mr. Pollock objected to the admission of new ovidence.
This objection their Lordships uphold, and, after consultation, dismissed the appeal with cesta.
The Court adjourned.
POLICE COURT.
DERBY
EXCHANGE PLATE
GERMAN CUP
PROFESSIONAL CUP
GARRISON CUP
ACHEE & CO.,
HONGKONG STAKES
PHOTOGRAPHIC GOODS STORI,
17A, QUEEN'S ROAD
Hongkong. 17th February. 1963.
Hongkow Creek Estate No. 8-Purolases, which the directors consider materially add to its value, bare been made during the your. Those are not quite completed, but it is hoped that before long a beginning may be made in the development of this property.
Broadway Estate No. 10.-The buildings BEFORE MR. J. H. KEME (ACTING POLICA referred to in lest report have been for some time completed and are now let at satisfactory MAGISTRATE.)
Monday, 16th February,
INCIDENT AT THE RACES.
The Chief Justice proceeded to read the report of the Land Court, in which were stated the details of the case. The reasons for their decision were in effect that when the New Territories were ceded to Britain in 1898 the Wong family wore in possession as cultivatos of the land and claimed to have been in 1801. possession under a perpetual lease, granted in Appellants did not dispate that the Weng family had been in possession at the time the land besama Brifish, but -elsinned The following Billa were read a first time :--
that the Wong family held a lesse for $0
A private in the Royal Army Medical Corps A Bill entitled An Ordinance to farther amend The Merebunt Shipping Consolidation Ordin-It was on behalf of the Wongs asserted and
veurs, dated 1966, which expired in 180was earged with disorderly behaviour whilst aner, 1889, sud to amend The Merchant
with assaulting an Indian constable. Shipping Amendment Ordinance, 1901; a Bill proved to the satisfaction of the Land Court drunk at Happy Valley on Saturday and also The story told in Court alowed that the swirled Ao Ordinance to amend the Laws years and had paid rent to the Ngs ap till 1991. relating to this Punishment of Flogging: & The Wongs denied that they ever beld any 3 defendant was lying in the roadway and was Bill entitled An Ordinance to provide for the years' lease and ne evidence as to the existence
saen by the Indian, who was accompanied by a Surrender of Fagitive Criminals from the of such a lease was given except by one of the Chinese detective. Efforts to rouse him being Territory of each of the Malay States-Perak, appellants, vi, Ng Yik Shan, and withess unavailing, the Indian picked the defendant up called by them. Against this there was the and carried him on his shoulders along the road. Selangor, Pabang, and Negri Sembilan.
When near the Hongkong Hotel matshed the The ATTORNEY-GENERAL-Sir, tus barfboints denial by the Wongs that any such item in the orders is a notice for the third as had been-grouted to them by the Nge. soldier returned to life and emphasised the fact y assaulting the Indian, whom he accused of It was proved that they had held possession of. by the land before 1866, the date of the alleged taking away a receiver belonging to him. The reading of the Bill satitled un Urlifeace to consolidate and amend the Laws relating to lose, and for five years after 1996, the date constable was struck over the right eye and Public Health and to Buildings. I would nak
on which the alleged leaso had expired, and received a blow on the mouth which, he told his the permission of the Council to withdraw that had paid rent ap to 1901. No 30 years Worship, loosened a tooth. He dropped his actice, and to move in place theroof that the lease was produced, and the Land Court was aluacious burden, and struggle ensued Council recommit this Bill in order to allow me satisfied that the 30 years lease for gronad between them, the Chinese detective also lending a hand in aid of his Sikh comrade. to bring up for consideration buch I think of the description claimed would be a Eventarly the defendant, who had a wound on most unusual form of tenure, Vader these the Council will agree with me in saying are circumstances and after carefully considering his forehead, became quiet, and was being takou desirable. I ask permission to withdraw this the whole of the evilence, without deciding away by a member of the Garrison Military potice, and now move that the Council resolve whether the docement produced to the Court
Police when Inspector Mackie apppeared on the scene and directed hita to be taken to No. 2 itself into a committee of the whole Council to (Exhibit 1) was the actaud lease granted to the
Polica Station. He was afterwards asut to the Wonga in 1801, the Court was of opinion that The COLONIAL SECRETARY seconded, and the vas of the proof of the 30 years lease
Government Civil Hospital to have his injury üressed. the motion was agreed to.
was thrown upon the appellants, that they had failed to satisfactorily prove to the Court that evoh lease had ever existed. The Land Court The ATTORNEY-GENERAL Buid that clause therefore disallowed the claim of the appellants, 253 contemplated that in determining the and, taking into consideration the long posses compensation to be paid in the cass of resumpsion of the Wongs and the acceptance of rent tion of property the arbiters might take into by the Nge up to 1901, allowed the claim of the consideration the ratable value and net rental Wangs as perpetaal leseses subject to a seat of of the premises for the preceding five years. S a year. When the matter was discussed one unofficial member thought that ten years should be the term, so as to prevent speculative bailding. further consideration the Government had decided, a representations made to them by members in the house and by others outside the honse of large experienes and capable of giving advice to be followed with safety, that even five years was too long. He moved the deletion of the words "during the preceding five years."
This was agreed to.
iamendments to one or two clauses which
take this Bill into consideration,
The oneil then went into Committee on the Bill, and clauses wore fually adjusted.
When the various clauses requiring adjust ment had been dealt with, The Council resno.ed.
The Puisne Judge remarked that the main point in the reasons of the Load Court was that they said they found as a tack that the Wongs were in possession below 1866, the date of the 30 years' lense. If that was so, it was a good argument in favour of their judgment.
Mr. Morgan Phillips said he was not aware where that was prove.l.
The Puisne Judge admitted that he himself did not know where the evidence came from, bat it was stated in the report of the Land Court that it was proved.
The Chief Justice remarked that he had bees informed on very credible grounds that at
The Indian constable snid bo did not striku the defendant with his truncheon; he never had time to draw it. The wound on the man's fors lead was there when he was first arrested.
The accused stated that the first thing he remembered was a blow on the head; he also got one or two knocks over the head with the trancheon.
He was fined $3 or 14 days on the first charge; the second was dismissed.
BUROPEAN ASSAULTED. BY A CHINAMAN H. P. Corbett, a milwright, had nu interest-
ing tale to narrate. He said that on Sunday he purchased on clothing. went into Lo Hia's shop in Taipingsban and
rentala.
Pan Sbor Estate No. 13.-The directors have spent a further large sau in the purchase of land in this locality during the your, its they new road, recently arranged for by the Muni feel coufidiout that with the opening up of the cipal Council, there will be a considerable rise in land values in this direction.
Shan Targ Road Estate No. 15.-This pro party is situated at the corner of the Shan Tung and Foochow Rouds and was purchased during the year at what the directors consider was a very advantageous price, considering the return it brings in
DIRECTORS.
Mr. C. R. Burkill resigned on his leaving for Mr. Wrightson's return to home, and on Shanghai ia November, he was asked to resume his sat at the Board; Mr. Kinner ratires by rotation, but offers bimself for re-election.
AUDITOR.
The accounts have been audited by Mr. Wia- grove, who retires but offers himself for
re-election
E. JENNER Hood, Chairmea.
Following are the accounts:-
}
CENTRAL.
[39
A MYSTERIOUS STOWAWAY,
A handsome, rofiued young woman, ap- parently about 25 years old, stowed herself away on the steamship Coptic when that vessel (left her slip at San Francisco, at 2 o'oleek on January 3rd for the Orient, with the intention of reaching Shanghai without paying her fare.
Had the young woman heen mora familiar with big steamships, remarks the San Francisco
arriving and departing, she would have Chronicle, which take and leave a pilet apsa succeeded in her undertaking; but in this essa she was bundled into the pilot-boat off "the
lightship, six miles outside the Heads, and brought ashore by the pilot-bont Lady Mine. The reaching the harbour at midnight. identity of the stowaway was but discovered Filot Wallace, who took the Coptic to sea, ways,. the voluntarily want to Purser Ronnie, -after- the steamer passed out of the harbour, and told him that she was desirous of reaching
Shanghai, where she had friends. bat was
without sufficient money to pay her favo. Tho purser communicated with Captain Beuduell, who was compelled to deny the young woman the right to remain on the Coptic. She was requested to return with Pilot Wallace, whe was still on board, and she gracefully agreed to do so. Had she kept in the usckground a fow minutes longer it would have been impossible 1,674.57 for the Coptic's officers to send her ashore, and 1300.00 since the company is not allowed to carry 2,500,00 passengers to Honolulu, under penalty of a fire 600.00 of 820, it is quite likely that the young woman
Tla ets.
WORKING ACCOUNT For the year ending 31st December, 1892, Dr. To charges account. To nalaries account.. To rental acount
To compradore and staff To legal expenses................... To Interest account... To agency management, To trustees' fees
o direto
Te anditor's fees
To balance transferred to profit and loss
Decount
Cr.
1,275,0.1
6,000,00
31,814.02 would have been carried to her destination.
1,000.00
600.00 Pilot Boyd accompanied Captain Wallace bask 800.00 to the city, and together they accompanied
their unknown young woman acquaintance as. ... 250,913.45
far as Market and Kearny streets, where she Tools #08,737.04 suddenly left them, without having disclosed Theats. her identity. In the course of her conversation, however, the pretty stowaway said she had been married.. She appeared to be an English»! woman.Mercury.
-------..... 353,110, 16 Less are insurance, water, re- An argument-
48.103.65 By gross rentals
pairs, &e.......... By commission account By transfer fee
PROFIT AND LOSS 3rd Feb. 1902.
IT. To transfer to reserva fund,
not a heated nas, the complainant suid, just aquist tête-à-tits-enamel about the price, and as Corbett could not get it reduced he decided not to take the clothing. He turned to leave this shop, and had reached the door ben a Chinese pips thrown by Lo Hiu struck him on the shoulder, being followed by a The ATTORNEY-GENERAL-I-beg, sir, to
shoemaker's knife, which cat Corbett over the cor the third reading of the Bill. I think least one-half of the leases that had been re-right are ash turned round to me what was there is no necessity for the Bill to be any longerduced in the Land Court were what would be, the matter. He informed the police and had on the Council table. It has received most in the Supreme Court, called forgeries, What Lo His arrested. careful consideration at the hands of hou, mem-
The defendant said the fekis threw the things: bers sod hos incurred, no it very proporiy should they did over in the New Territory was this. he did not. a sourching aquiry by persons quite competent had an old lease, probably written on an able to deal with ibo matter. I think thut the Council may congratulate itself on hasing produced a Bilf that will be of great benefit to the community at large.
The COLONIAL SECRETARY seconded the write to re-write what they believed to bo their Ocean settled the ceolio's charge by kicking him By premium or debentures,
Qwe
wid
Chinese
paper, the wear
tear of Fears and the waut of safe deposit were sach that the thing got all worn and undecipher- able; and then they got some one who could.
lease, putting in the same people's names as motion and it was unanimously agreed to.
lersees or probably somebody else's. The result 1.E. THE GOTEENO2-I must say I
Was that these doods were very unralisole, think the community a debt of and the Land Court, which had large ex- gratitude to hou members for so carefully porioncs in many thousands of claims, very considering this Bill, and I can ooly often found that they could not decide sy, so far as I am concerned, I was very upon deeds. They had to decide upon posses. arious to meet the views of the community sion. He must say that in the conflict in the matter far as possible, and I think that this Bill will be of enormous service to the ing clains the Land Conet bad to face very perplexing and complicated problema. Is one town and the community. (Applause.)
case to his own knowledge there ware four or The Council adjourned sine die.
five different claimants all supported by deeds, some of which must have forgeries, must give the Land Court credit for having enormous exprience in the investigation of these claims; the Land Court did not go upou extremely technical legal points that the Suprema Court were obliged to take, for instance, and prima facie it took a good deal to upset a decision of the Laud Court.
FINANCE COMMITTEE.
NEW POLICE LAVVOR.
A meeting of the Finance Committee was held inmediately afterwards, the Colonial Secretary (Hon. F. H. May, C.M.G.) presiding The Governor recommended the Council to re-vote the sum of $15,000 unexpended in 1902, ned to vote an additional sum of $250, making a total of $15,250, for payment for the new police steam launch just completed.
|- Tho CalEMAN said the lanneh was not com- pleted last year and the vote was then not necessary.
The recommodation was appraved
PUBLIC WORKS EXTRAORDINARY. The Governor. recommended the Council to yote a sum of $21,070 for public works extraor dinary, rade np as follows:- Governor's peak residence
$1,500 Police Station at Tai O
300 New shed, sheep and swine depot. 670 Cattle crematorium and refuse des
3,00 tructor...
1,400 Fence round plague hospital Erection of derrick on now site, Gap'
3,500 Typhoon and rainstorm damage... Widening Conduit Read
Rock
They
The Puisne Judge added but the fuct feand by the Land Court that the Woups were in possession before 3866 seemed to him to eattle ite matter.
Mr. Morgan Phillips-Well, with your Lordships permission 1 will go on with my
ease.
The Chief Justice-Well, I thought it better to let you koow what was in IT wind before you want further than to sit silent and let you go en in ignorance of thes: opinions
Mr. Morgan Phillips-It is at any rate invigorating, your Lordship. Proceeding be said his case was that the Wongs were in possession under a 30 years lease granted by Ng Kit Hing to Wong Hop Li, the supposed date of the lease being about 1866. It was a 10,800 peculiar thing that the lesson in the perpetual lease of 1801 was also Wongop La The difficulties of the Land Court ius case of this kind were exceedingly, great. The claimant had to appear without legal assistance.
.
800
Total
$21,970 Itoms 1, 2, 4 and 5 baing re-rotes from un- expended balancos for these services for 1902; item being a re-vote of $380.93 plus $289.07 the Ordinones contains. additional sum required; and items 6, 7 and being to meet unforeseen expenditure.
Hon. Mr. SHRP asked if item No. 7 (typhoon and rainstorm damage) referred to buildings, Loste, or what?
The DIRECTOR OF PUBLIC WORK replied that it referred to various things, all of which were combined in one general vote.
The Puisue Judge The very best provision
The Chief Justice-What would have hap
8pened but for the Land Court I do not know.
The recommendation was approved.. This was all the businem.
I am sure there worn 50,000 claims.
His Worship found the charge proved and imposed a fine of $15 or a month;
SETTLING HIS RICKSHA HIDE.
After having been drugged about iu a rick. sha for an hour and a half, a seaman on the
on the leg and side and chasing him about the street. A constable intervened and took the parties to the Central.
The bluejacket, who said that his mind was a complete blank in regard to anything that had taken placs, was fined two dollars for the assault, a dollar for refusing to pay the hire, and 25 cents compenzation to the coolie.
SHANGHAI LAND INVESTMENT 'COMPANY, 'LD.
The following is the report of directors for presostation at the fourteenth annual meeting of shareholders, to be held at Shanghai on the 20th Febenary, at 4.30 p.m.
The directors beg to present their fourteenth anasal report and a statement of the Company's accounts for the year 1902,
The working account for the your shows a credit balance of The, 250,913.45 as against Tls.
87,871.31 last year.
308,063.71
5'8.12 275.21
Taoin 398,757.04
ACCOUNT..
Tls. cte 12,175.70
To final dividead for 1901--6 per cent....... 116,023,00
22nd July. To interim divkload for 1:02
31st Dec.
To bataneo.
That Dec, 1997, By bilance.....
C.
3rd Feb., 1942.
By reserve fund special account”.
31st March
30th November,
By premium on debentures
1st Danguber.
By balanes of working account
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31
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RESERVE FUND ACCOUNT. dat Dan., 1972.
Dr. To balance....
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6
Yebisu,
3let. Doc., 1901. By balance
Cr.
Tla eta,
3rd Feb. 1902.
218,4
12,175.76
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Taels 230.641.20
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H. PRICE & CO.
12, QUEEN'S ROAD.
Head 17,4,76 Guinness,
Boar's
Head
Tsels 20,000 10
31nt Dee., 1501. By balanca
Cr.
Tla cis. 20,019.Ju
Dr.
ARSETG,
Eetate No. 1
· Do.
Do.
17
Do.
17
Do.
Do." A
20.202.79 9,366.79
De.
Do, 10
"
Do
11
Do. Do.
12
B
After deducting the interim dividend of 6 per cent. paid in July, the amount stauding at credi of profit and loss account is Nis. 146,569.58 and the directors recommend the appropriation of thir amount as follows:- To pay a final dividend of 6 per
Tis. went on the capital (making 12 To transfer to reserve fund (being
per cent. for the year)... ... 117,000.00
interest on undeveloped estates)...
To carry forward to new account...
Capital. The further issue of Tlx. 650,000; authorised at the special general mecing beld on 23rd June, 1902, has been completed, but as some of the payments for shares were not made until Jabuars of this year, the directors propose to defor dealing with premium on the issue until the accounts for 1943 are made up.
Wills's Estate No. 1.--The iccrease of enpital is, due to the purchase of land referred to in last reportand further building operations.
wong Hoong Estate No. 2-In this case the crease of capital is also due to cost of buildings, on the completion of which during the current year, the development of the estate will be finished.
claimant had had legal assistance before the Court Mr. Morgan Phillips contented that if the
Jinkee Estate No. 6.The buildings referred Low completed, attention would have been called to the points to in last year's report are in his favour, such as that strong evidence was here still remains a portion of the property given that a 30 years' lease bad been granted to which is lying vacant, but the directors have the Wong family in 1866, and very possibly the deemed it wise to defer dealing with it for a Court might have come to some other docision, little while longer.
14 Do'st
De
15
Caali dus by agents Sundry debtors..... Sundry mortgage loans
LIADILITIES.
Ta. ota. 450,14,14 1,9-6,940.1
26$.020.74
165,0.35
827,589.92
15418.24
KOWLOON EXTENSION.
141
NEW MAP of HONGKONG, KOW- LOON and ADJACENT TERRI- 20637.TORIES showing the Boundary under the 119,359.35 New Convention, with the Towns, Villages,
28.992.31
196,681.10
151,834.91
49,859.29
£30,433.50
20,915.59 1,490,152,20
2,58-18
Tacle 5,8740.84
&c. Prepared from Authoritativo Sources and Printed in Colours. Price $1.
To be had at Messrs. KELLY & WALSH, LD, W. BESWEE & Co. or Daily Press Office.
Hongkong. 28th October, 1898.
HUNG NGÙI BAN P
(Chinese Daily Pres), PUBLISHED DAILY,
Tha cte is the oldest and still immeasurably the best 2,558,220.00 Capital account
medium for Advertising among the Produsa os shares
364,920.00
Native Community. Debentures bearing interest 6 per cent... 1,400,000,00 Dobonturea bearing interest 5 per cent. Debentures bearing interest 5 per cent... Profit and loss accoub...... Unclaimed dividends... Sandry creditors ....................................................... ---- Reserve fund special account
Established for nearly FORTY YEARS 250.000 16 356,000.00 circulates largely throughout Southern China, 146,509.58 Indo-China, etc.
400.14 Terms for Advertising (Translations free) can 56,345.07 be obtained at the Office, 14, Des Voeux Rond 236,641.29
Central, Hongkong, 131, Fleet Street, London; 17,144.70
or from the different Agents."
Tacle 5,374,300.84
..
Documents translated from or into Classio or Colloquial Chinese.