Page

THE FUTURE OF THE FOREIGN MERCHANT.

TER VONGKONG DAİLY POKER, TUESDAY, AUGUST 27r¤, 1907.

So we believe there are persoan who are greatly- worried at what will happen to the Earth when the Sun's beat is exhausted. But the foreign merchant, who has foreseen that an increasing of the trade fall into the handı

of

be

properties will not be greatly concerned

that the amount of such trade pasing through foreign hands has steadily impressed from year to year, and that Japanese particips

the tion ass extended rather than restricted field seem particularly enticing. Manwhile, however, the correspondent of the Times at Tokyo way set his mind at rest. The foreign notice, even though the incidence of taxation falls very heavily upon him.

„THE-RUSSO JAPANESE

CONVENTION,

The following is be fall text of the Unvan tiga mbiok west signatia Bit Exteribing to July 30, and published in Tokyo on August lith

CONVENTION.

TRADE MARKS

The following in a free franalation of à -Pro- olamation recently red by Tsotai Jai Cheng [Changbai] on the subject of British Trade

Alarka

Fature of the Foreign 3erobant in Japan merobant is not yet in-nuod of an obitusry・ voimuage qui se sont heureusement, rétablis /// from British merchants in rogard to

There is always more than cne way of reading an article, and we give below a condensation of the Japan Chronicle a slew of the article written by the correspondent of the Times at Tokyo, sently noticed in our editorial columas If the comprehensive captions of a past generation were in fashion, says the Kobe contemporary, the article might be entitled: The Past and With a Gianco st His Arroganos of Deme

Kis Arbitrary Anour. His Valgar Ostentation. Trade Methods, and His Inevitable Disappear. ance. To which is sided a Postscript showing that even in Dresy He may be Useful by Contributing Capital without Control and Othe ting that Eubordinate. Place in

"Of Things to which He is by Nature called. It must be interesting to merchanta to know that their condition is troubling the loop of the Times"

representative, for the anxiety ovidence

learn elsewhere. They

will

moreover, with satisfaction on his authority that in The past they have endered excellent service We are marord in and eat literature, however, to beware of the Greeks when they bear gif, sad the foreign merchant's self-storm will suffer a raty jar'ns he reads on. fter reading the whole passage, one draws a mental picture of these rude, arrogant, overbearing foreigners, gigantic in stature, Lirante of feature, forkl of complexion, refusing to acknowledge the Japanese laws of fifty years ago (which included torture and painful death for the most trivial erimes), while fonting the gentle manners had outraging the beautiful customs of an idyllic people. Who would believe on reading the

BOO ·ZA

FOREIGN CAPITAL IN JAPAN.

PAK TUNA DVANTAGES OF PROTECTION.

ARTICIK 1.

Chacune des Hautes Parties Contractantes s'engage respecter l'intégrité territoriale actuelle de l'autre et tous les droits découlant pour l'una at pour l'autre Fartie des traités, conventions et contrats en vigueur ontre elles et la Chise, copies desquels ont été échangée In dealing with the store important and entre les Parties Contractantes (en tant que ces interesting question, the saia incompatibles avea le criticises the line of policy followed by the de l'opportunité égalo), da Traité signé à Fortr month lecing Septembre/virgt-trois Acût 1905, Japanese Government in drewing, up the

ainsi que des conventions spéciales conclues Custom Tariff, a tending to humper the development of co-operation between Japanece entre le Japon st la Russie. and foreigners in developing industries in Japan which practice will otherwise tead to grow mpidly........

The Tokyo journal points out that foreign capitalists who are inclined to invest their money in Japanese Bonds will probably not be long content with the fixed rate of return for their money as the more helders of Houds. It is only natural (hat they will be tempted to take industrial business in Japan under their

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The following graphe se frem the later! Indian papers to band

1, Jaf the Tootsi at Shangisi, alo, do hereby fase this proclamation for the information of the public that H.D.. Consul Le Gouvernement de Sa Majesté l'Empereur General, Bir F. L. Warren, has written me to" da Japon et le Gouvernement de Ba Major the et that he has repeatedly received 1'Empereur its toutes les Runnies, Césireuz de

manufacturing and retailing certain of English-made goods, parporting consolider les rapports de paix et de hon entre le Japon et la Russie, at, voulant écartsr same to be manufactured by those factories, pour Pareoir toute cause de malentenda dans for which they (the British merchants) are This is a great detrim few relations des dent Empires, tout convenas the wole genta, dos dispositivise suivantes :

ent to the British interests. The quality of the goods which are imitated according to Englich patterns is very poor zal of great diferene although the packing, colour, pattern and chop are quite similer to those of English made. Therefore when the Chinese is charged with copying patterns be generally denies the of charge by pointing out the slight difference patterns between the two kinds of goods. This very intolerable business competition in the Recently such malpractice is daily on this percesing, and, therefore, filigetic question will keep on increasing also. As such would more or less strain the commerels) re- Istion of the two countries, fie requests me to probibit further copying of patterns by Chines Les dipz Houles Parties Contractantes people. The Chinese Chamber of Commerce, Trocanalatent l'indépendance et l'intégrité pan being notified of this matter, has replied territoriale del pire de Chine et le principe that such prohibition in the right step taken for. de l'opportunités égale pur ce qui concerne le commercial protection, and asks to be informed commerce et l'industrie de toutes les nations of the different patterns which are most fre dans cet

Empire, et s'engagent à soutenir et à quently being copied in order to co-operate in defndre maintien de status quo al la respect the probibitica). I compliance with my request with a list of the cigarettes u snufactured by the dece pricipe par tous les moyens pacifique à e Brith Coneal General-hee furnished mats, Rosal Artiilézy has heen abolished, alil

En foi de quoi, les soussignés, dûmentautorites British-American Tolacon Co., Ld, Depot, and

Armica era in future to te designated "In- par leurs Ganvernemebis respectifs, ont signalo s list of the soaps, for which Mesare A, R. on the Staff of General Cficers Commandir Burkill and Sons are the sole agents; these two, cette Contention et y ont apporé leurs soraux.

Fait à Bt. Petersburg, lo trettheme jour du artioles are more often manufactured by the spe etern of Artillery, Northern and Sontberni Septième mois de la quarantième avés de native sccording to their patterns. The Conent-Army, "respectively.

walled the attention Meid ji, correspondant au diz-spitrente Juillet and the tention of the Viceroy of Naubing to this matter, and, moreover, he requests me. Lo issue this proclamation to be posted everywhere to prohibit further imitation, of English-made goods. The Chamber of Commerce baving been sked to observe this order, I hereby warn the general public that henceforth Euch malpractice on the part of our people should once and for all be stopped. Anyone leand to be violating this law, will be punished without leniency,

account of the Times correspondent that acknow-

own control und so get better returns. The tedging no responsibility towards the law benefit aceruing to Japan from such undertak of the land," these supercilions foreigreringa will be very great, as not only does it bring could not, as a matter of fact enferse ap agree-in as abundant supply of money and so improve ment against a native of the country save by industrial works, but it also results in piors rody Japanese, if injured in person of ek lett hole as pot the only means available

by a or of foreign Ex ads is not 1987. dawaged in properly, these floaters of Japanese for introducing foreign money, and masover administration had no appeal save to Japanese the amount of money which can be introduced by law; that extra-territoriality was not an assump this mesus is limited. The unsatisfactory result of the issue of South Manchuria Railway deben- tres lately in London may be due to the money stringency in the London market, but the isne of the large amount of the war Bondr. followed by the Tokyo municipal and milway Bonde, which bas dooded the London market Bill: rahose stock is largely reponsible for failure. If it is necessary to introduce fore ga money, contends the Tokyo journs), it is im perative to adopt some other means.

tion

of wuperiority on their part, but a device of their Goverments before they came on the scene, or that, like dangerous elements of society they were cooped up in settlements, and a cordon drawn beyond which they were forbidde to travel care with 1 permite In short, would any one taticquunted-with-the-faofa believe, on reading the statements of this errespondent, flat there was any other side to the case, save that which vedected badly on the foreign community Now all this esparsion of the foreign merchants is quite grat nitons, and in really outside the writer's thesis. If the foreigcer does not control so large a pro- portion of Japan's foreign trade as he did fourteen years ago, the fact is easily explicable En economic grounds. It has little if any relation to extrateritoriality, incial arogance, stentatious litiog, or Japaneno resentment n the forcigress inek gratitude for the hospi slity Forded him. Foreign mer clants entered to the Japanese trade with no alunistic melices, but with 'be cbject of making profil

Similarly Japanese have enter ed into compétition with foreign matchents, not from any particular dislike of their me thods, not from any specially patriotie son- sideration--though this may have been READ spawn in the game-but from a wish to participate in the large profits which were yupf ored to accrue to the foreign merchant from the trade in which he was engaged. It was only saineal that as the Japanese became ading methods, and enjoyed training: the advantages of improved commercial they should invade the field which at on fine was 201 ropolised by foreigners with their special advantages; and if that invasion has been slower than some observers predicted, it has been because the risks have been found greater and the proßts etaller than were anticipated. In deed, the correspondent, in bis anxiety about the future of the foreign merchant, would seem to

conversant with

The coalition of Japanese and foreigners in undertaking industrial business in this country is a meena which will be found commendable. When foreigners sequire a full knowledge of Japanese mustiers by experitube in corporation with Japanese, and corte to undertake business themselves foreign money will flow into the country without limit, and Japanese business men are recommended by the Jiji to avail themselves of this means for introducing for sign money, instead of by means of the iseno of

Ponde.

It is to be regretted, our contemporary says that the line of policy followed by the Govern ment in ecumerce and industry has a tendency to hamper the introduction of foreign money, Fer inst: nce, the tariff policy is famed for the protection of agriculture Dulies are imposed

in

ARTICLE 11.

JB) I MUTONO, (8.) IsWOLSKY.

EXODUS OF GOLD FROM JAPÁN,

WHERE BOIN THE MONEY GO TU?

An interesting article is published in the Osaka foinichi concerning the exclus of gold. from Japan. A marked increase may be observed, says the Caska journal, in the export of gold coins from Japan to Shanghai and Hongkong during the past few years. In this outflow of gold lies a mystay.nce exported, the golt will never come back, and it is lost to eight for ever. It has been found that this couns is not the natural result of the working of

in trade, and the authorities were greatly puzzled to clicores he became of the frozeur matel The result of investigation first showed that the quality of Jagatese gold

080 in coins being best fitted for

the

BD

mannfacture of goldlant they were converted, but this conclusion. Las fured out to be inaccurate. It has ince beep discovered that the Japanese gold pieces being alloted do not saawer: for making Chinese gold-leat, thich is of pure_gold."

is

The value of Japanese gold coins shipped for Shanghai and Hongkong from Kobe the past three years, never to be reen agai

as follows:

1904 1905

HONGKONG. SHANGHAL

Y8,197,760 Y14,889,981

-2,968,000

0,394,450

8,104,929 7.710,000

4,245,000 2,245,000

FRANCO JAPANESE. RELATIONS

SPERCHES, AT TRÈ BLASER.

The Japanese naval officers from the two auisers at Breet'arrived in Faris early on July as the guests of the Fretch Goverunurut Accompanied by the Japanese Naval Attaché in Paris and by the French offer Lieutenant Cham Poiseau, who has been attacked to the person of the Japanese Vice Admiral, they were received on leaving the train by a representative

the Minister of Marine and by several members of the Japanese Faisy. They im mediately drove to the Hotel d'Albe, at 11.75 they were officially received at the Admiralty

by

the Minister, M. Themisor, driving on thenco to the Elyers for the offiois! reception and lanchess given in their honour by M. Follières, Among those present at the Juncheon were Mr. Kurine, the Japanese Ambasandor: Ma Clamesceau, the Premier, Generel Picquart, Minister of War, M., me, and Mile. Thom MOD, General Voyren, and Vice Admiral Fournier.

The toast proposed by the President of the Repablic was as follows:-

Within the last three or four months several thefts of munition have taken place fini Fort Willie m, Cilentia. A searching enquiy is now being made by the Feri anthorities.......

It is antified that the title of Colonel-on-the

that officers holding equivalent appointments

Mr. Cbabilda Lallubi ai, landholder of Boriv, in Salsetie, has offered the Bombay, Government 100 acres in that locally as a sita for the aw Elphinstone College should it be decided to supersede the present building.

L

Reports show that the monsoon ourrent haz trangly penetrated inland.

From every

part of the Bombay Presidency returns stating good and sufficient rainfe: ontlock hopeful" Lavs been receivel.

Sir Charles Eliot, ex-Gores por of East Africa, is making a tour of Northern India. He will also visit Burns sad Siam ir Charles

Eliot, who is an Orientalist of seme authority was impressed by the collection of Greco- Bactrien seniplings in the Labore, museum, which he declared to be the finest in the world.

HF. Led Lamington, before saving Bom- lay, decided to distribute the gift of a inkh of rupees from Sir tonarji JeLapgir by giving exe-half of the sum to the Prince of Wales Muzeum, H., 15, 10 to, the Chesa Hospital,!- Bembay, and R 5.0 to the Adams-Wyllie Hospital, Bombay, Mr. Jacob Soon #la handed to his Ixcellency a cheque for one lakh of Lupets, and this Loid Lawing ton has devoted to the endowment of a Central Nursing A monia- tion for the Bombay Presidency.

Lord Lamington's last message from the mail steamer was as follows:

bare omitted careful consideration both of tacticcrease producing expenses and the forelline that in 1904 the fluctuation of the rate ceased to an joy in Japanese military circea lively of Bombay I desire one more to express y

the

satisfaction for me to see in

12, QUEEN'S ROAD CENTRAI1⁄2,

NAVAL HOSPITAL

STEWARD CURED

Of Psoriasis Contracted While in Service in West Indies- Left Scaly Surfaces on Lower Limbs

Eczematous Eruption Followed. -Nothing Gave Permanent Relief.

SUFFERED 23 YEARS.

CURED BY CUTICURA:

"I suffered for years from psoriasie affecting the outer sites of the calves of

both limbs, `00→ tracied in the West Indiek in 'x2 or '83 while aery- ing on H. M. S.. Northampton as sick borth steward. In that capacity I had the use of nearly all the preparations the Pharinacupqpia. prescribes, hut through each stage of the disease I did not consuit any medical officer, but treated my- eulf with prepara✩- tions of mercury and sarsaparilla

· for about nine months; But she Graption continued for years, and eventually left a scaly surface surrounding both limbs. In 1995 I tried Repre dion which seeined so remove the crup- tion, but at the beginning of the present year an eczematous eruption appearved, then seeing a Cuticura, advertisement, I decided to give a trial to the Cuticura Remedies, of which I needed but five supplies. After the first week I found great relief and I have been quite free from any irritation lace, although I con- tinued the treatment for ten weeks in all There is only a-faint discoloration left, and. I consider that Cuticura Hemedles have done more towards curing the, 'troublesome disease of which 1 suffered. eo long than all the other remedies put together and recommend them to all my friend. I conclude with wishing Cuticura great success. Heuiry Campe bell, Naval Penstoner, 9, Grove Road, Jutun, Chalbain, Kent, Oct. 17, 19007* Complete External and Internal Treatment for Every Hum of Frisena Children and AduliN & ERK Mist of Castleura Hoap en Vicarier she skin, Cuteura

·Cingltheait du diear theNkä, saat Cultura raufent

·Pain Caschi to Purify the shot. A Sbagle Ser Euren bulk throughout the go. UTH LATRICE, 27, Cha Ma: 11. Tv 210. Sydary; Ernoon, Cape Town, etc.; B. K. Pau Cena: Potter Lys and there, Corp.. Hele Propa.

Purefpe, Cutleam Book on 1kin De

520

methods by which foreign exporters are alleged couraged. 'Ike ingreased expences of production. Fold I, therefore, impossible to conclude proof, fingret the prelude of closer with the. Presidency, One of the most berish. much heavier than in provincial England. The

cribed terms.

commonest

exchange during the

that in ring tea for export the Japanese opinioti prevails that the protective policy wilt partly represent gold bullion and cash of the desired agreement, more cordial and people I wish the Presidency erery prosperity carious types of criminals. The law giveR_

the

The leading organs of the Paris From are aaaaimons in expressing their satisfaction at the present visit and their cordial approval of the agreement with Japan.

God."

CHIT SKIPPERS.

on cereals and other food-stuff, seeds, and on articles which are produced in Japan. This policy not only impedes the development of industry, but alto binders the inflow of foreign money to le invested in industrial satorprises. The Jijt points out that the object of the fortiguer coming to this country with money

100

"I am happy to greet in your persons the to set up in industrial work is not

1907. (ap to.

navy of that valiant nation which has given for sply, good's to Japan only but sino to

July

centuries so many examples of octieige and the neighbouring countrise, and thus to. gave

From the above figures it will be son that patriotism. These traditions of honour, particu- trouble and expense in bringing goods out from bis for-distant homeland. The imposition

the shipment was largest in 1904 and smallest farly dear to France, bare" always awakened in of duties on raw materials and food stuffs,

in the following year, making an astonishing her sentiments of very bigh esteem. We are

"Before actually coperting from the alores- aa practierd in this country of late, will heavily

increase again last year. The Osaka journal aware, moreover, that our country has mover capitalist intending to promote industrial

of exchange made it advantageons to remit sympathy, of which 10-day's visit is a precious de regret at the neverance of my official ties and figures. He takes as an example the case

works in Ja en will consequently be dis- of tea. We pass ever his description of

the courtesy of your That he excdus of gold in that year was entirely

the surroundings be left in the Mother Country, to prepare tes for the American market, though must be berus by the manufacturers, who have

due to the mysterious and unknown cause spart. and clear relations between our two nations ad memories of my life will always be say trine gilded youth is more resplendent here than in most people familiar with this correspondent's thus to sea shers of this profit. So far as the

of exchange in trade. The which have just so happily tightened their bonds spent amongst its people. I cannot say how more irresponsible, mors desirous of cutting a will present Customs policy of the Government is from the workinghai gradually diminished of friendship for the great benefit of pense, general attitude towards things Japalose will maintained, it is impossible to hope for industrial shipments for raise their eyes to note that the foreign development in Japan. The protective policy after 504, showing that the result of raise my glass in honour of his Majesty, the deeply I was touched by the presence of the dash, mure eckless of iacurring debts. But along the path of socialism, and we shall not War was largely exporter is charged with employing in the

will not only prevent foreign capitalists

and prosperity of the fine Japanese navy." through the City this morning, despite the be astonished if the House of Commons is naked tea-firing process a particularly dirly

from coming to Japan with money to start repensible for the export to hang Emperor of Japan. I drink to the greatness great crowds lining the streets during my drive the villised people are travelling rapidly

Mr. Kurion, in reply, after thanking the tempestuous weather. I rejoics hometer to the tribe of

labourers of

industrial works, but will lead Japanese cap Buch being the case, it may be assumed that both sexes." Wo shudder to think pt the

italists to seek investment for their money in the fate of the gold coins exported this year President on behalf of the officers present, said think that what we to theto a source of dis one of these days to consider & measure for comfort at the moment may under Providence protection of tradasmen and the punishment of esntractors of deble the vicious and batefal epithets which would have been employed by the Times correspondent or the Editor of foreign lande where cheaper food and material and last year to Shangbai and Hongkong is that the feelings of respect and sympathy which

Ashton. Society has to be protecta from the the Japan Mail if f any onn eine had des- can be obtained. The result will be that Japan- still unexplained. The value of coine shipped Japan hed cherished so long and so con be the means of furnishing an abundant harvest types of criminals referred to by Me. Algernon

section of Japanese labourers in those expital will be driven from this country, and last year amounted to Y15,814,800. This samtinuously for France were now on the morrow and chespening of food for the masses of the

the basiness world soma mesetre of protection Admiral Ijulu aequadron and the blessing of Almighty Yet the writer can hardly be unaware the flow of foreign wenes will be checked. Ap

from the bankrupt trader li is a_criminal. romitted as the reult of the working of the profound than ever.

Lant to carry on business when one knows. employed the same methods, and the same enconrage foreigu manufaturers to start their exchange, but sen deduoting this simount, the had came to France to express these feelinge.

one's-self to be insolrent. Why, therefore, should the rockless debtor be allowed to con- glass of labour as the foreign, exporter fe worke in Japan for the purpose of enjoying the value of the coins exported for purposes The Ambarsator then drank the President's is, moreover, in error in believing that the sliged benefits of protection. There are in unaeconited for in probably not less than health and raised his glass a well to the Y18,000,000. The expert of coins this year, up prosperity of France and the greatness of her

tract further debts Should he be regarded Japanese are only now forming organisations creasing signs of schemes for starting industrial

works by Japanese and foreigners in co-opera- to last month, amounted to Y7,390,000 and the navy to sort the leaf direct from the chief pre lep, and this is acoribed by some to total for the whole year may exceed

1 Icok upon debtors who refuse to pay us as a criminal, if, knowing he owes more than dueing districts so that foreign middle

one of the most vicious and hateful Jypes of ho can hope to pay, he proceeds to incur other of the Y16,000, 00. man will be entirely eliminated. A Japanese treaties due it a few years, which wil

the anticipation if the revision

Finally such a large exodus of gold

criminal. They are the scum of the carth, and debts? We fancy th t if there were the possibility ou, it to be treated with the utmost rigour of of imprisonment with hard labour for the young texport organisation bas been in opere

the law whenever thy cau be got hold of. We man who lived beyond his means, there would bu ation for some years. It has had the entail a further increase in the Customs Tarifi is a raster of great importance, but it is

these sentences for the benefit of those fewer human wrecks in the East Would it not qistance of an Annual subsidy from the It is contendel that foreign manufacturers are astonishing to find out what becomes of this

it may encera in Singapore.

Mr. be better for socials, therefore, that some been prompted by the approaching revision of gold. Investigations made by the Yokohama

THE JAMAICA AFFAIR.

whom Government, which has been partly spent in

Algernon Ashton, known to Float Street legal protection should be given. It would pushing the sale of the ten in merica. Yet, the treaties to undertake these projects in order Specie Banks show that it is the custom in otwithstanding the special assistance afforded to avoid the anticipated higher Customs duties, Sonth China for route, to be decorated with

e magnificence of Sir Frank Sweltenham has written a long journalism as the Corrector of the Press is certainly be better for the individual, young the last three years have shown a steady decline The Fit describes this opinion as absurd, and gold bullion during the New Year Holidays.

not mineed his words. It is rather unfortunate way the remedy lias with the tradesaan, not in the amount of tea purchased by America declares at the success of the introchiction of Without thie ornament, Le

that a good deal of sympathy is lavished in with the dbtor. If there were no credit, from Japaz. Exports of tes to the United foreign money by the issue of Bonds is uncertain rich mansion and the diguity of a high family letter to the Troues in which the following the author, and it must be admittel that he has or otherwise. We imagine no hear someone 31ates were valued in 1900 at 112,451,95; they on account of the unsettled state of the money cannot be complete. For this purpose, rich passege occurs

market, and if this uncertainty is increased by people emulate each other in collecting gold The Governor did as he was commanded, with in 1965; and to 19,1 2,350 in 1906. Foreignf the Governmnet, the procuring of an abun the purpose used to be supplied from his post. He could not do otherwise. The net drunkard and the licentiate. So it is on the stage. That manch might be admitted, but it does

Surfaces of real life, and we are apt to forget each one of us

enght to feel. It loss mot deficit being made good result is that a foreign Adariral having twice Our sympathies are too often, with the Charles not remove the individual-responsibility which exporters allege that this decline is chiefly due dart supply of foreign money in Japan will be Manchuria, any

ustralia landed armed men in a British colony (lhe secondl to Japanese methods of trading. Whether that

by importing the metal froxa re so or not, the feet remains that so far as

and America. Politics! changes which have time in direct opposition to the expressed wishes the barn they work by their improvident misuse clear the debtor who remains, according to It would be unfair to deprive les is concerned, the satry of the Japanese into

taken place in Manchuria since the Jap n-Chiss of the Governor, and having, under the air of other people's means. The sponger of the Mr. Algernon Ashton, a vicious and hateful the field of direct export has not been coincident

War bave out of the supply, and Australia and onmstances described, been requested to Club bar or the hotel verandah, the man who criminal

has yomon yof his own to spent, soon gets the honest people of the facilities of the credit pply, re-embark them, the writer of that request has with an increase of trade, and cannot therefore

Amerits became the only source of supply. be disimed as of advantage to the interests of

Seeing that a gold standard was adopted in been compelled to withdraw it and to apologise cold shoulder; but these fellow who signs system because there is a certain proportion the country. Nor does the foot of this decline

The Hougkoug Observatory yesterday lested Japan, and gold bullion was largely imported for making it. He was not directed to with chits with alaority, who incurs debis for board dishonest people in every community. since Japaness entered the field go to suggest

to take draw any words or santanees in the letter, but and lodging at the expense of the widow, is may present, the honest are phuished for the faults Japan, the clever Chinese decided by that their methods of preparation are superior the following report:

the supply needed from Japan with less expense, the whole letter. It

is given by his tailor, his bootmaker and his cigar the tradesman need domand if all his bills were is nothing to prevent

eventually, slips away.

from

psid. It seems only fair that the punishment to those which bare hitherto been employed by

On the 28th st 11.55 a.m.-The-baromater i with the result above mentioned. The Japanese that in future there would therefore, appear be, who denies himself acluxury so long as credit of the dishonest, by paying higher pricas thau? Altogether we are. inclined to

British colony, aven though the colony is the leasing Zornight in it gaiety about the future of conti gas to rise slowly, our Chine and the Government has bien making every effort to foreign power from Inading armed mer is a the Colony braving untold-dette behind him, is for dishonesty abord fall upon the rightful-

deviso means to put a stop to the oxodus of

per- instead of going up to his victim and hitting the foreign merchant, the Timez' correspon

The Japanese relarus are not yet to hand, gold, but in vain. The only course availabi garrisoned by British troops and the chief too often excused and even praised by a certain shoulders. The thief is no less u thief because,

declares that he is not in need type, or class to be found everywhere, but it the whole questi dent has given

haps larger porportions in Eastern Colonies. Is him on the head with a brick and -rifling is a ufficiently pure gold in Japanese coins, but this cannot be of foreign

as the scum of the earth-vicious, hateful the guise of a debt. We do not know the that the export Japan. of cotton sze

plicated by the landing of armed pacties from and stuffs is chiefly in foreign Pressure is highest sud uoroal over the 8.dene mittunt affecting the stability of the serious situation, which hande. On the contrary, the bulk of the export Philippines. It is still in slight to moderate currency system of the Empire. There is so

alternative but to continue to allow the Chinese the vessels of several, foreign Powers, to be types of criminals? We imagine that some of legal aspect of the question, nor do we care. being to Chins and Korea, it is mostly in the defect over the China const and Formosa: hands of Japanese, and the growth of this Moderate variable winds are likely to prevail to reb Japan of some ¥10,000,000 worth of gold brought in contact with each other and with our readers will cavitat this description of man The samundial features of the case for and The facts of the think of P ok Bo-and-So as a vicious criminal when the whole of them are soanned, it is the Main chi. The gold billion imported from unusual circumstances.

Jamagis

show particular industry goes some way to secount in the Formoss Channel, and moderete S.W coins annually is long as they like, concludes native population excited by the strain of very men they have known. They do not like to against the debtor are simple enough, and that the He was no end of a good chap; pity be diffent not to age with Mr. Algernon Aaltou. for the greater proportion of the export, imawindle over the N part of the China Benga now in the bends of the Japanese as compared Hongkong rainfall for the 24 hours unding China is very small, as shown by the following Jangli foals of the Foroiga and drank so much." or " Pity he let his firm in for Each case, of course, has to be judged upon circumstances, just as society would never Colanis! Offices were entirely ignorant of so much, they might bare given him another its own facts. There may be extenuating with 1808 The figures given show that despite at 10 am. to-day, 000 inches.

the King's Regulations in regard to the landing chance! We hope we are not intolerant of

sho stole bread to feed her starving children the increasing share of the Japanese in handin g

of armed foreign troops in a British possession, idiosyncrasies of mankind of the weak-knee'd place the professional burglar and the womau the foreign trade of the country, or possibly

and the man who knew the Regulations and breibren, of the poor food who is cutting a fine because of it, the foreign merchant today

upheld them was compelled to apologise for figure and rising in the social scale at the in the game category, Mr. Ashon discriminates. deale with an amount of trade veined 148,6 0,000 as against an amount ralued at

doing his obvious and necessary duty, not for expense of some other member of the community. He refers to the deutor who refuses to pay, LILV40000-IT 1994 This does not ALU

supposed error of form in a letter which be It is not alla question of drink. The books of assuming therefors, that the debtor kas the many & woeful tale could they batek how sayed the debtori who have And this was driven toetab of the outragen-ne the tradesmen of anty port in the East would wherewithal to satisfy this dobt" We wonder particularly aneatisfactory result, and scarcely suggests that the foreign merchuut has cut

d' regard of his expressed wishes. No wonder It is true that tradesmon ars swindled every Colony bave had their conscisna prickel the American Government was much gratified lived his usefulness. To the Times' corres pondent the future of the foreign merchant in Japio, due to the increasing proportion of the Japanese share in foreign trade, may be scures of considerable" anxiety and conjecture.

delined to Y11,943,617 in 1904; tá 19,308,09 the mistaken, commercial and industrial policy before January Formerly the gold for / drew his whole letter, apologised, and resigned Euglial literature upon the profligate, the there would be tower defalcating debtors.

In very

completely hopeless.

WEATHER REFORT.,

Philippines.

of

At

inadequate consideration. He is, for example, but probably the depression is over the des of for the parpose is to reduce the percentage of British stancet easily to com/Mr. Algernon Ashton wrong in describing them his pockets, bo rubs his fellow is under

mistaken

in

Mensing.

The forecast for the 24 hours ending at noon to day is as follows

W. and 8.W. Hongkong & Neighbourhood winds, moderate;

Variable winde moderate.

Same as Ne, 1. Same as No. 1.

Formons Chaune....... Santa const of Crins between Hongkong and Locks South coast of China between Kongkeng and Haizen.

figures:

-1944 1905 3906 1947

Глом * FROM HONGKONG, SHANGHAI

...Y

T97.788 9.612,511 7.454 250,600

1,508,846 100,000 to July) Thean faaren represent only the value of It is to be noted bullion imported into Kobe. that in 1984 and 1905 the Japanese Government purchased gold bullion for war purposes, and is nccounts for the high figures-of-the im portation of bullion from Shanghai for those years Japan Chronicle.

any

to

that the British Government had hastened to where for that is what it amounts to, but so badly that they did not rest saliud d untit

of more easily, are generally believed to be Straits Timer diarrow the action of the Govern without the losses in the Far East-whore-mee can-slip they had wiped off every debt owed by thong. waiting for official advice."

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