WAR NOTES.
RUSSIAN OFFICIAL NEWS.
incident, though deeply regrotted, does not affect the general operations,
"According to the Slawenpas, the Russian Shanghai papers publish the following descamp on the south of the Liaobo is being visitad patch dated Port Arthur, 20th April, and signed by Major-General Floug:-
It is reported from Vladiovostook that to-day,
by plagus, and, owing to the inadequate number of medical officers and the shortage of medicino, deaths secar overy day. For fear of an
coming summer, the Russian commander has ordered his men to have all tho at rests swept clean, and to catch and kill ull rats.
THE HONGKONG DAILY PRESS, SATURDAY, MAY 7TH, 1904.
MR. ALLEYNE IRELAND.
THE STRAITS SETTLEMENTS, The Straits Settlements consist of the islands
3
KODAKS! KODAKS!! KODAKS!!!
AND
PHOTO GOODS OF EVERY DESCRIPTION. We have an Establishment Solely devoted to
DEVELOPING
AND PRINTING
at 7.25 a.., the enemy's squadron was sean outbreak of plague, especially during the ite anwieldy nams to the fact that its territory | ing dollar have been the bankers, and in a very or Amateurs, where we turn out work of the best description and with great promptness. south of Askold Island, its strength being ton At 9.45 large vessels and six torpedo-boats. a.m. it took the direction of Roasky Island steaming westward. No other nows on this subject has been receivel.
According to the report of Captain Bolchakof, the Corean officials at Kengshen (Kyongagong) seemed to be on the Japanese side, and would give to assistance to the Russians,
In different parts of the province of Kirin,
The China Timics anys that the two Japaaows arrested on the Pross-boat Fawanut Sowohwung the by the Russians have been released on representatinos of the U. S. Consul there,
Remarkable ignorance is stated to p.ovait among the Russian population on the subject of the war, the peasants thinking that the Japanese are a rebel tribe of savages who have ending soldiers to punish them.
the dealers have generally boon able to raise the { retail price iu sympathy with a rito in the wholesale price, and they have always done so when they have found it possible, wheress they have never lowered their prices until compet
To sum up the situation as affecting the mor- of Singapore and Penung, Province Wellesley, tion has compelled them to do so, and Malacca, together with a few small islands cantile interests of the colony, it may be said of no prosent importance; and the colony ewes that the only undoubted gainers from as fluctuat lios along the shore of the Struits of Malacca spall way the retail dealers: that whatever special instances to secure from this cause haro Singapore, the capital of the colony, is to South- avantages the merchants may have been able in Enstern Asia what Hongkong is to North been more than offset by the uncertainty which Eastern Asia, a great port of call and the it has introduced into all commercial transas- dapôt of an enormous transit trade. Within ations by the growth of speculative has
ness, and by the discouragement which thousand-mile radius of Shanghai lie the whole the risks of a fuctuating ourrency offer the investment of capital; and that of the Mulay Peninsula Siam, the southern to
French Indo-China, Borneo, the great majority of cases the fluctuation provinces of
in the dollar bus made it more difficult and Sumatra, Java, Celebs, and the lesser islands more expensive for the merchants to finance of the Archipelago. For this immense area their operations. On the other hand, part of Singapore in the trade centre; and the what the merchants have gained as exporters to have lost as importers from gold countries; unil there is no reliable evidence that a low dollar bas greatly stimulated the trade between silver countries.
the activity of the Hunghutze is izorossing refused to pay taxes, and the Tsar is therefore importance of this commercs may bạ gauged by gold countries from the fall of the dollar they
The bands, mostly monated, and 100 to 500 strong, som to have some organisation. The pickets of railway guards have had some small ongagements, on the 26th our Shitourenzy, and
In
on the 27th near the station at Tehnotoufa. the former skirmish no bad one soldier woun ded, and in the latter Lieat. Boutkevitch received contusions, and two soldiers were killed.
During the night of the 29th, between Telia and Suitniesy, the patrols of the railway guard hoard au oxplosion; the patrols opened fico, to which the bandits answered with a volley and made off.
It was found that some 70 feet from the bridge, four pyroxiline cartridges had been placed on the rails over a distance of nearly 100 yards; the explosion destroyed six rails; the rowd-bed and the sleepers were not destroyed and traffic has been resumed.
The president of the Russian War Relief Society rocuired the following telegram from the unfortunate Admiral Makaroff, dated Port Arthur, March 29-shortly before his death :— Last night was a very hot one, but we cannot hope for a very quiot time now or in the near future. I sleep without undressing, in order that I may be ready for any emergency. Couerquently I cannot observe your medical advies to take care of myself. Nevertheless I feel splendid."
L'Echo de Chine, commenting on the friend. ship of England and the United States for Japan, seta against this Australia's preference for Russian success in the present war and quotas a great authority-Melbourro Truth! Of course our contemporary finds also some mors reputable Australian papers to support ite caso, but we should hardly have thought it
the fact that the value of the imports and exports of the colony roached in 1902 u sum of £52,000,000, 3 amount greatly in excess of the total value of imports into the whole of our American and West Indian colonies, including; Canada, in the same year.
If we approach the question from the stand. point of the interests of the producers and the consumers we find that what has been a boneilt to the former has been a serious source of logs
Hongkong, 10th March, 1994,
LONG, HING & CO.,
POLICE COURT.
Friday, 6th May.
BEFORE MR. H. H. 4. GOMPERTA (ACTING POLICE MAGISTE A'TE).
STOWAWAYO.
Seventy-eight Japanese. 61 women and 17 den, were charged as stowaways. After the 8.8. Goodwin had taken in a cargo of coal at Kachinotzu. on the 29th ult, the defendants work stawed away in the steamer at night-time by some members of the crow.
Defendants stated that they had paid various |
17A, QUEEN'S ROAD CENTRAL
(Fow Doors East of Hongkong Hotel
183
year, payable on the 10th instant. Dairy. Farms are firmer with buyers at $133. Powells have sold at $91 and are now asked for ut 810. Philippine Co.'s are easier with sellors at $10, MEMOS.Hongkong Steam Waterboat Co. Ld., interin dividend of 70 cents per share payable on the 10th iust., transfer books close on the 7th inst.
TRADE
TELEPHONE No. 195.
Mr. Gompertz said there was not room for so many in the prison and he did not desire to put HAVE YOU TRIED Japanese into stocks. He would see if the Japanese Consul could arrange for them to ba sent back to Japier,
Ou the same night, hetween Sintaiczy and would pay so much attention to the short. with which the local Government has been the sale of tin have increased, and another. | Goldring, of Mr. J. Hastings's office, appearing]
Houshitai, a frosk explosion was perceived at the junction of two rails, over a length of ten font, Another cartridge which bad not gone off was discovered,
The onlprits, could not be found. The road ia ropsired.
At the sintion at Eroondjiandzy. In the coarse of an investigation, a large quantity of rokorak (explosivo compound) was found in some Chinese shops, and some Bickford fasor. Some arrests have been made.
¡
At Port Arthur and Newchwung all is quiot.
THE FAWAN'S" ADVENTURES. The Mercury's special correspondent, writing from Cheloo on the 23rd uft,, saye :---
The Fucan, chartered by the Chicago Daily News, a ived bere this morning from a cruise through the Minotao Islands, and along the Manchurian coast of Cores up to the entrance of the Ysta River. Yesterday afternoon two Bussian torpede-boat destroyers intercepted the Fawin some sight or ten miles south of Port Arthur; the ensuing explanations terminated in the Russians taking command of the Fawan and politely confining the captain and cor- rospondents to their cables The Prusaton were rajaloing over the probability of sesing Port Arthur and the possibility of " going ons better" then their late Newchwang achieve monts. Unfortunately for the readers of their newspaper, however, the captors of the Fazoan on arriving some three miles off Port Arthur, were instructed by sigants from the cosat to forego their prize, where upon the captain and correspondents were allowed to TOLESTING COMEand of their craft.
sighted and selfish attitude of a Pross obviously playing to a Labourite gallory.
According to accounts receival at Chafoo there is no lack of provisions at Port Arthur, It is stated that the cost of foodstuff bas exly advanced 25 per cent, since the beginning of the war. This in partly secounted for by the enforcement of a tariff prohibiting dealers from en boucing their prices beyond the limit specified from time to time by the Russian authorities Junks, too, aro said to be busy smuggling acros. food from China to some point on the const north-oast of Port Arthur.
THE HONGKONG AND SHANGHAI
BANK RESOURCES.
Trustev," who writes in the April Monthly Review on "Indian and Colonial Investments" says:-The half-yearly report of the Hongkong and Shanghai Banking Corporation which has just been issued is specially interesting on this occasion in view of the Far Eastern conflict. One naturally looks to see whether the bank's resourem are reasonably sufficient for such a time of political uncertainty. That the dividend distribution is maintained is of more immediate importance to its shareholders thun to the publie. But fortunately in other respects also the state. ment of accounts prosented to the recent mesting in Hongkong is equally satisfactory The deposit and current accounts amounted on December 31 to 3200,527,713, and the notes in circalation to $16,259,241. Against thess the bank had cash amounting to 538,366,269, coin lodged with the Government amounting to $8,500,000 and bullion of the valuo of $7.824,197. Tu discussing the affair with one of the crow I was informed that the officers and men of The propertion of coiu and bullion to accounts the two torpedo-boat destroyers were well and circulation was thas over twenty-five per clothed, and judging from their appearancecent, which compases very favourably with the weil fed, nud did not appear to be at all down. cost over their recent disasters; in not one of the cers expressed the opinion that any advantage gained by the Japanese at 8en would sub sequently be more than counterbalanced by the Russiaus on land; he was also oufident that Port Arthur was impreguable both by land nud sea. Several large men-ol-war could be toon ying at anchor inside the harbour, and from the zigzag course stoerad by the torpedo-bab destroyers cn leaving the Flew in it was presumed by those on board the latter that th approach to the harbour had been thickly mined by the Russians.
One of the objects of the Faisan's cruise was to solve, if possible, the mystery as to where the Japanese are coaling their squadron. It was thought that possibly the Japanese bad conver- ted one of the Misolao Islands into a coaling depot, but the Furan's ornise through these of islands. effectually controverted the idea. course it is possible that the Japanese are coal-. ing af son, bat it is worthy of note that although the Japanese squadron bes been frequently sighted at various times by passing steamers, yet ou no single occasion has any collier been noticed in the vicinity of tho fleet.
There has been soms talk hers as to the likelihood of the 'recently appointed American Cousal to Antung shortly proceeding to his destination,, but the chance of his arriving there by water appears to be extremely small in tiow of the fact that tho Rassians have wind the narrow navigable channels of the Yala River. The Fazan approached tho river at low tido sad noticed at the entrance something bich appeared to be a piece of matting Boating on the surface of the water. Closer inspection revealed a moored contact. mine concealed beneath the innocent-looking
refuge.
MISCELLANLOUS.
position of our great London banks, the highest proportion of the cash held by any one bank to i current and deposit accounts at the date in queation being just over twenty-one per cent. As regards its reserves, the Hongkong and Shanghai Bank kas, in addition to its mid-ap capital of ten million dollars and its silver roserve of six million dollars a sum of £1,000,000 invested in sterling rarities, its Console having been written down to 85 and its holding of the National War Loan to the low price of 90. One can therefore regard with the utmost confidence. the resources of the bank which plays such 'an important part in our commercial Empire in the For East.
CHURCH SERVICES.
S. JOHN'S CATHEDRAL. 8th May, 5th Sunday after Easter. Rogation Sunday). Holy Communion (7.30 a.m.) Mating (11.0 am.} Hesponses, Tallis; Venita, Elves, Psalms, Purcell and Turlo; e Deus, Hayna, Russell, had Stainer; Benedictns, Havergal in E; Hymas, 169 und 136; Offertory ilysun, 142,
Evensong 15.45 μ.cx), Responses. Ti is; Psalmos, Cross, Stainer and Souper Maguificat, Russell in E., Nane Dimitti, Taylor in G; Hymns, 142, 527 and 179; Vesper Hymn-Ward (No. 2).
8. PETER'S CHURCH. Queous Road West.
5th Sunday after Easter. Holy Communion, 7.50 p.m.
Matins 11.10.). Yeuite, Smart; Te Deum, Gregory: Bene- dictus, must: Hymus, 4, 540, 539, and 623,
Evensong (6.30 p.m.).. Mugnificat. Turks; Jung, Jones; Hymas, 15, 480, 583, nad 974.
The Church launch Dayspring will call on ships carrying white crews to bring friends shore to the services, between 9.15 and 10.30 a.m, and between 5.15 and 6 pm. (Kowloon Police Pier 10.30 and 6); returning afterwards. The Answering Pennant is the call flag. All Visitors Welenmot, Books, &e., provided. Sunday School 10-10.43 1.m.
Five of the male dofondants who admitted being accessory to bringing the women to the steamer were fuod $100 or two months' im were ned $20 or soven prisonment and the rest ware fined $25 or 21 days. The women
Fourteen members of the erow-ChinamOT)--- days' hard labour, wer charged with implication Mr. P. W
The chief mato gave evinonon that the for the defence of the bo sun. steamer loft Kuchinotzu on the 30th ult. On arriving at Hongkong the stowaways were found concealed in the after lazarette, under bunks. Tho sailors' banks, and in the Bo'sun came aft when three or four women had been turned out of the forecastle and said some-
deserted while he was at the Police Station. The sailors lived in the poop-house, aft on the starboard side. The door of the lazarotty was on the starboard side also. Thore was no doubt that the Japanese had been stored way with the knowledge of the crew.
The administrative system of the Straits to the latter. As far as the producers of theas to a Japanese who placed them on the colony are concerned and we may properly atanmer without giving them tickets. Tany Settlements presents nothing of distinctive include thanse of the Federated Malay States), desired to go on to Singapore. They were Carmers. The mon did not clear out of Japan interest to the student of political science. It the fall in the value of the dollar has been s
distinct temporary advantage. for nearly the to evade military service, is a Crown colony government of the ordinance whole export of local prodier goes to gold cons type, and as such ite chief claim to notice is tries, and in consequence the producers receive thut in the 35 years of its umbordination to the to-day more dollars for any given quantity of Colonial Office it has ascapod the gubernatorial their produce than they, would have done ten inflictions with which some of our colonies-er 20 years ago if sold at the same sterling market price. The advantage Ima accrued, Barbados. Trinidad, Mauritius, and Hongkong, however, from several contributing causes, for example-have been visited from time to In regard to tin, which is by far the most time. But what the systom itself lacks in point important local product, un efect of the low dollar has been this, that, as the wages of of special interest may be found in a considers the labourers bave not risen as fast as the value tion of some of the administrative problems of the dollar has declined, the dollar-profits on which has had a very important bearing on the confronted.
The questions of currency reform and labour Prospority of the tin miners, is that, as the cost of production has been lowered in relation to supply have presented elements of peculiar the sterling price of tin by the relatively smaller diffoulty, and a discussion of them falls proportion of the total receipts which has been paid out as wages, the mine-owners have been naturally into place in the present group placed in a more advantageous position than of "Studies." since the former constitates formerly in regard to the competition of Corn- sorions factor in the Anancial policy of every wall and Australia. It must be noted, however, colony having a detached monetary system, that the price of tin is fixed in Europe and thing about money if he would say nothing about on the usual had deserted on the ship's arrival, and the on speculative operations vr
And another quarternuster and the latter represents the most vital America, and, whether resting for the moment it. The carpenter and two quartermasters- economic problem common to all tropical and basis of supply and domand, is entirely lactrimmer sub-tropical countrios, whether they are independent of the rise or fall in the local It is clear that the increased politically dependent or independent. The dollar. fall in the rate of exchange of silver as com- production of tin which has followed the increased profits due to a falling dollar has pared with gold, a phenousuem due to canses
done much to bring the supply of fin nearer to entirely beyond the control or provision of the the point of demand, and that a fall in price may Straits Government, has reduced the gold valusoner which will more thau offset in the future of the locul silver dollar from about 3. d. in such advantages as have arisen in the past from the high price of tin and the low rate of ex- 1882 to 1s. 71. in 1902. This downward move change. The same may be said of all local pro- ment of exchange has been continuous over a duce--namely, that a temporary advantage las been reaped from the fall in the dollar, but that number of years, but it has been subject to in the long run the uncertainty of dollar prices violent fluctuations from day to day; and in and the tendency to overproduction more than discussing the general effects of a declining and counterbalance the protits from this cause,
As far as the community ut large is concerned, unstable currency emphasis must be laid on the
regarded as a composite whole made up of in- fact that the different economic interests of the dividual consumers, the fall in the dollar has bee colony have booz very differently affected entirely a loss, and in many cases a very serious according to whether the controlling factor for loss. The day labourer and the salaried employee any particular interest has been the absolute have hath suffered, but the larship has been decline in the value of the dollar or the fluctuatest for the latter class, since it includes the
chief cousumers of imported goods." tion in its value from day to day, the latter exurgeration to say that for the salaried employcu, condition operating within the aphers of the European, Chinese, or Eurasian, thecost of living after long service, a large number of persons and falling geld value of silver, and with auch force has doubled during the past 20 years, and that. that a loss due to the general movement of themselves, despite the normal increases in their silver over a considerable period might, under salaries, in a worse financial position than they certain conditions, be counteracted by sucessful were at the time they took up their work in the this cause that the better class of employers speculation on the daily rate of exchange. For colony. So great has been the distress from instance, the banks have benefited greatly from hare placed some portion at least of the salaries the element of daily Anctuation, and the mer- of their servants on a sterling basis. Bat, not- chants have suffered greatly from the same withstanding this, the salaried employers have suffered seriously, both from the decreased pur. causo, because the former with their special chasing power of the dollar and from the facilities of information have been able to depreciated value of their mvings. speculate more mecessfully on the rise and fall
It is no
The advisability of a reform in the currency of the colony has been discussed from time to of the dollar than the latter, and for the reason
time during the past ten years, and early in that from the magnitude of their capital 1963 the question was investigated by a co- they have been botfor able than the macrobantsmittee, of which Sir David Barbour, one of the to accept risks and to sustain lassen. In the most eminent authorities on finance, was the After collecting a great deal of mntual relations batween the banks and the obairman.
evidence the committee reported in favour of merchants two important factors give the form the adoption of a gold standuri by the Straits er a great advantage in all transactions based Settlements, the Federated Malay States, and on a netuating, currency-one is that, the rate Johore, but refrained from making any sugges- tion as to the value at which the now dollar of exchange being much more sensitive than
Stops are being taken to should be fixed. the price of merchandise, those who deal in
curry out the recommendation of the Com- money slowo carry their risks for a shorter mittoo, and it is probable that before this article period and can effect adjustments much more appears in print the change from a silver standard to a gold standard will have been com- frequently than those who deal in merchandise
new dollar. plated by the introduction of s as well; and the other is that in exchange which the local Governments will undertake to operations, the necessities of the merchants be- ing always wore urgent than the necessities of quintain at the fixed ratio to the British sover- the banks, the latter are in a better position than Mexicau hollars now in circulation. At and by the demonetisation of the British eign the former to resist, within certain limits, a ris-
the time I write it is not known what the gold ing market when they are purchasing and a
value of the new dollar is to be, but the general falling market when they are selling.
opinion in the colony is that the Government will fix it at 25.
It is more difficult to trace the precise effect on the mercantile interests of the colony of the simple decline in the gold value of the local dollar. considered apart from the que tion of daily fluctu ation. The mercantile community of the Straits Settlements may be divided into two classes, one containing the great whosesude houses, which conduct both an export and an import business: the other containing the retailers, chiofly Chinese, who may be regardeil us the agents for the purchase and sale of that portion of the imports which is retained for home consumption and of that portion of local pro- ducts which is not required for export. The division is imperfect because the two classes are not mutually exclusive,, and for other reasons, but it is accurate enough to serve us the basis of some general considerations. The trade returns of the colony for 1902 show that the import trade was evenly divided between gold-standard and silver-standard countries $156.379.000 from the former and $154,791,000 from the latter--but that the value of exports to gold countries was nearly three times as grost us that of exports to silver countries-$210,000,000 to the former and only $72,000,000 to the latter. Under these cireumstuces it may be assumed that as the wholesale traders of the colony paid out on a gold basie $155,000,000 for their imports, turn for their exports, the fall in the dollar, in far as it had a direct effect on the transit true yielded to the merchants a proton the largers as against a loss on the smaller; in other words, the falling dollar has injured the merchant of an importer from, and has benefited Lim is an exporter te, gold countries. Turning now to the retail traders, it scena probable that they have gained more from the fluctuation in the dollar than they have lost from the full in its value. In regard to most commodities, except such as Lave a well-known and customary price,
The
By Mr. Goldring witness said it WRA not probable that the stowaways had been there without knowledge of officers, second mate had been sent to the lazarette one day to see about some rope.
Other witnesses were called Tho sorond
mate id he had been twice in the lazarette that the stowaways were in the hold on those while ut ea but saw nothing. He maspector occasiona
An Indian tireman said that one night at 981 he had seen the sailors passing food down the after hatch, and the be sun, with a big knife in his hand, had threatened to kill him if he re- ported the matter.
Mr. Goldcing pointed out to His Worship that the ringleaders of the moremont had deserted, and further submitted that it was by no means clear that certain of the officers did not know that the stowaways were on board. 'The Indian gentleman's evidence, the m who spoko about the two-foot knife, was hardly. credible.
The Boisen was fined $20 and tho rest
JOINT STOCK SHARES. Messrs. Vervon & Smyth way in their weekly sbare report, dated Hagkong, 6th May. 1984- -An activ enquiry for most of our principal stocks has been maintained during the past weok, but owing to the scarcity of sellers busi- ness has been somewhat restricted in volume. Indo-Chinas and China Sugars have again attracted a large share of attention, and show a further advance on last quotations.
BANKM-Hongkong and Shanghuis continuo quiet with a few small sellors at $655. London quotation is unchanged at £64. Nationals are firm with buyers at $8.
MARINE INDURANCES.-Cautons have fur- ther advanced, and are now enquired for at $200. China Traders are weak at 60 with no buyers over $59. Unions are strongor and can now be placed at. 8510. Yangtzes are in re- quest at $125.
FIRE INSURANCES.-Chinas have sold and are still procurable at $83. Hongkongs remain firm at $295 buyers.
SHIPPING Hongkong, Canton ant Macnos continue quiet with some sollers at 328. Indo Chinas have steadily advanced with sales at from $96 to $100 cash, and close with further buyers at $101 cash. Sales at $108 October and $110 December have also been effected. China and Manilas have sold and are procurable at $204. Douglases base weakened all are now on offer at $46. Star Ferries (old) are wanted at 132, and (new) at 8213. Sholl Transporta have been booked at 14/- and 25/-, and are now in request at 27/6d. Proferences have advanced in Londen to £3 10s. d.
REFINERIES---Chim Sugars have continued in strong request, and sales taro boon effected at $140.8111 and $142 cash: the market closes with further buyers at $112. Lazors continue on offer at $10
MINING-Punjoms have declined to 50 cents sollors. Other quotations in this section are nuchanged, and there is no business to report.
DOORS, WHARVES, AND GODOWNs.---Hong kong and Whampoa Docks are quietes, and Sharos are now procurable at $214. Hongkong and Kowloon Wharves are firmer, and can now be played at $101. New Amoy Docks are still out of favour at 8323. Farnhams are unebanged at Tle. 145 with probable buyers,
In face of a conflict of interests such as oxists in the colony botween the banks and the mer- chants, the producers and the consumers, and between the trade with gold countries and the trade with silver countries, it is of course is Fossible to effect a serious change in the monst ar system without inflicting at least a tempor- Iary loss apon someone; and the matter resolves itself, therefore, into a question of the degree of advantage or disadvantage to be enticijnted from the altered conditions. Viewed in this light there is no doubt that the balanes of ad vantage will rest with the larger interesis of the colony. The element of speculation which hither to has affected the trade with gold countries will bo transferred to the trade with silver countries that is to say. from the larger trade to the smaller. The advantages which the banks hase raped from fluctuations in exchange will be fell from the same cause to the lot of the taken from them, and the disadvantages which merchants will be removed. But as the expital of the banks is small when compared with the total capital invested in the businesses of the merchants, it is again the larger interest which Finally the general interests of the colony as will be benefited.
palities, will be well served by the introduction of the gold standard, on the one hand, because these bodies have heavy gold obligations to
MISCELLANEOUS-Groan Island Cements aro firmer with small buyers at $234. China discharge for salaries of officials and payment of pensions, and, on the other hand,
cause the large Government and municipal Borneos have improved to $10 with sales and loans which it may be necessary to raise from farther bayers. Watsons have been hooked at time to time can be flouted on a gold basis at a the improved rate of $15. Electrics are wanted Steam Water Boats have low rate of interest without the fear, which at $13. Fenwicks hive sold and are procur would always exist under a silver standard, that able at $49. a fall in exchange will increase the liabilities in advanced to $16 buyers: this Company regard to payment of interest and repa ment of has declared an interim dividend of 70 sente per share against 60 centa per share paid izst capital-Times]
LANDS, HOTELS, AND BUILDINGS.-Hang- koug Lands bare improved to $153 buyers. West Points are firmer with buyers at $54. Kowloon Lands are steady at $35. Hongkong Hotels have sold and are in further request at are now wanted at 811 and $3 for the old and $135. Humphreys Estates have advanced and new issues respectively. Shanghai Lands are COTTON MILLS.-Quotations are unaltered, and there is no local business to report under this head.
The N-C. Daily News publishes the follow the siltings are fra and unappropriated. and received $210,000;000 on a gold basis in ve- represented by the Government and the munici- easier with sales in the North at Tis. 108.
telegram dated Tokyo, 1st May The Japanes nowspapers unanimously sympathise with the splendid death of the land force on the see, but they point out that sizes tho commencement of bostilities they have become so uocustomed to reports of victory that it is not impossible that the Japanese have reached a position of over weening confidence. The Kinshiu Maru, they say, has not been lost in vain, as her loss may avort many impending grecter calemities. This
[
GOSPEL HALL Arsenal Street, Top Flor, off Queen's Road East, Meetings are hell as follows:-Sunday- Acts 2, 4, 11 a.m.; Gospel Address, 6 p.m.
Tuesday-Solliers and Sailors' Bible Class
6 p.m.
Thursday-General Bible Class, € p.m. Sunday Prayer Meeting, at 6 p.m.
the
6B
MARK.
YEBISU"
THE FAMOUS DEER OF JAPAN.
T118 19 A
PURE
PLEASING POPULAR PALATABLE
PRODUCTION
$16.00 Paz CASE OF,8 DOZEN PINTS.
SOLE AGENTS
IL PRICE & CO.
12, QUEEN'S ROAD CENTKAL.
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of for cleansing the scalp crusts, scales and dandruf, and the stopping and tog
ing, whitening hair, for
softening, soothing red, rough and sore hands, as well as for all the purposes of the ary. Thousands toilet, bath and nursery. Thous of women recommend Caticura Soap, scalated by Cuticura Oltrient the great skin cure, for annoying irritations, chafings and weaknesses, or too free or offensive perspiration, for ulcer- ative conditions, and for many sabe- tive, antiseptle purposes which readily suggest themselves.
La the farm of Chocolate Costed 19, Caticare
Chirier wold throughoutthe worle. Depolas Londen.
Pat, & Bus de la Pale: Australis, FL Tov
Chreclast Corp., Sole Proprio book"
Kendfor" Cuticurs Skin
Cullera Resirani, tiaalit ou Coscure Hoas Are
Art Barkən, 177 Cộfnvobis Avo. Poting Lerng &
[41
[61-12
DE. NEWELL. WILSON. DR. WILLIAM DANI
DENTISTS.
Latest American Methoda.
Reasoumble Feeu.
No charge for examinations.
Office hours 9 a,. to 1 v.m. and 2 to 5 P.M
31, QUEEN'S ROAD CENTRA?
(First Floor Walkia's Building),
Hongkong, 18th February, 1994.