Page
TIENTSIN.
[FROM OUR CORRESPONDENT.]
May 19th.
SIE KOREKT HART'S SUCCESSOR, It has already been stated that Sir Robert Bredon, K. C.M.G., has become Aoting Inspector General. Imperial Maritime Customa, during the absence on home leave of Sir Robert Hart. and it may now be said that, if it should happen that Sir Robert Hart'does not return to Peking, bis, brother-in-law's permanent succession to the head ship of the FM.C. is practically a furegene conclusion, notwithstanding the 'some- what petty and certainly interested hostility to bie catdidature in acme quarters both in China and in England.
Some particulars, therefore, of Sir Robert Breden's osr er may be ureful in bolping
THE HONGKONG DAILY PRESS. MONDAY, JUNE 1st, 1908,
THE RAILWAY PROBLEM IN JAPAN.
"KEY BRAND"
PILSENER BEER.
THE MOST POPULAR PILSENER BEER ON THE MARKET.
IT IS CLAIMED BY CONNOISSEURS TO BE THE PILSENER BEER." THE FINEST HEALTH PRODUCING BEVERAGE.
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II.
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Such was the situation when, on March 31, natonishing to find many British subject
1906, the Railway Nationalization Law was Bome, connected and others not connected
promulgated in Japan. This law enacted that The State should, within a period of ten years with the Customs, arguing for the saocession
{By Bir Clifton Robinson in the Times.]
from 1906 to 1:05, purobase 17 of the principal of some other min than Sir Robert Bredon
Much attention has toon altruoted af late to
private, railways having a route mileage of who is alleged to be too pro-Chinese, as if this the existing economic and Bnspeist conditions 2,806 miles. The original scheme included 15 were a crime. This is the basis of the spoken in Japa, especially in reference to the ache other railways, with a mileage of only 353 miles
batween them; but these were eliminated a complaints of the Shanghai and Chins Associa- recently married ont for the nationalisation of the railway system of the country. The writer tion oliques. What these people want, appar-has just returned from a visit to Japan, where being lines of local interest only. The notas! ently, is someone who is not pro-Chinese, but he had every opportunity of meeting the parobase price of the 7 lines was between pro-foreign. It is not very wise of them to variona aathorities and of becoming familiar 246,000,000 and £50,000,000, calculated on the with the actual position, and bearing in mind following basis quoted from the official trans- ahow their band so openly.
the extent to which English railway men and lation) :=(a) An amount equal to 20 times the investors are interested in the subject, it is sum eblained by multiplying the cost of thought that it might be of advantage to place construction at the date of purchase by the on record went his found to be the facts of the average ratio of the profit to the cost of
construction during the six business terms of SOLE AGENTS : case and the impression there facts made upon
1902 the company from the socoad balf-year of him.
to the Erst half-year of 1905. (b) The amount" It is desirable, in the first place, to look at the oircumstances under which the railways of Jopan of the siotual ecst of stored articles converted originated, They were not bagus until the and according to current prices thereof ints pablic commercial rearone, the Japanero Gaverniaent articles which have been purchased with bor. of 1869, when, for strategical as well as for loan bonds at face value, except in the case of The Government agreed to hand over the between Tokio and Kioto, The Arst section, from Tokio to Yokohams, 18 miles in length, purchase money, within five years from the date bonds bearing i per cent. interest caloniated at was begun in 1870, with the help of English of the acquisition of the lines, in public loan their fano value, and to issue a public loan equal ing weations followd. But although the
to the amount of the purchase price, such Iran engineers, and finished in 1872, and the remain- principle of railway construction by the State
to be redeemed ont of the net profits scorning had thus been adopted, it was thenght wise to encourage private enterprise as well, and from the purchased railways, and within, it was in 1981, by which time only 160 miles tiated, is period of 32 years. Under this of State railways were in operation, the Nippon selioms six of the 17 railways were taken over befera the end of 1906, and the remainder in Railway Company obtained a concession for a
1907. line from Tokio to Aomori, in the extreme north.
The official rossons for the nationalization At this stage Japanese experience of fail- ways was so limited, the estimates of cost project tous carried out were given in the were so uncertain, and the expital involved / Milion for 1967 of the "Financial and Economic axample of Belgium and various British guaranteed the company's dividends within certain limite,
towards a conception of the character of the cosmopoliton notare, of the Customs daff at formed the project of building: tronk line rowed money."
new Inspector General.
BRILLIANT COLL.ROR. QARKEIL
Fr. Robert Boden, who has boun Deputy Hi. ginco 1893, was born at Portadown, Ireland, on Felinary 4th 1848, bejar the olden son of Update Alexander Fredon, M.D., and Katherine, daughter of the late Joseph Bredos, R. Blausload Canada. Educated at the Royal Schoof, Dungannon, and Trinity College, Dublin, graduating with honours in both classics and mathematics, ko paserd (taking fest plyos) for the Army Madlient Staff in 1867, and passed first place) cut of Notley the same year.
At University had worked so hard and to briliantly that he was rather Laken up by professors and others, and was Locke professor
scowling
JOINS THE ARMY.
possibly
Thin raises the question, What can an In- spector General or a Commissioner or other high Mcial in the T. M. C. do in pushing the interests of his own nationals? Any man will of course have more sympathy for his own - tionals than for those of any other flag. but as regards his official action but can he do? Sir Robert Hart has so organized and arranged the wach port that favouritismi is an impossibility; and beides that the most favoured sution class in all the Treaties secules for every Foxor its fali share in whatever is got by or done for Buy other Power,
All this leaves at of account what Sir Robert Bredon is likely to do curing the time Sir Robert Hart is away on leave. Many may have a surprise in store. Siri obert Bredon is now for the Brat me No I, and it remains to be seen whether he will justify or refute the charges and insinustions of his enemies. We shall see what we shall sco
.May 18th...
II. E. Baion Hayashi, who left Peking for Tokyo on Friday, embarked from "Tientsia Jesterday, having spent the interval in being toled by the Japanese Community bore. Baron Hayashi has not setled all the questions that have arisen between Chins and Japan, but be But for family and peractal reusins things has ou a strong Minister, and well deserves were ordered differently, and he joined the Army his promotion from being Minister to Ambas Medical Service, being then just 1 and thesador. After being employed, on his arrival in youngest man in the service. He took his the Japanese capital, for some time at the degrees in medicire si surgely con after he Foreign Office, be will be sent to a European wus 2 Never, momover, did he get lower than Embassy. In South Chin. both his past and, respect to any branches included in the pre- purely economic considerations, and that, what-
second place--and that only once in any of his professional competitive examinations,
A LITE-ARY PROTOTITE,
of North China, to
a
This experiment led to the expansion of private enterprise side by side with that of the State. Amenactment-passed in 1883, to the feat that the general laws relating to the Imparait ways should apply also to private railway was followed in 1887 by the Private Railways Regu lations; and these, in turn, were succeeded by the Railway Construction A at of June, 1894, which laid down the programme of a national railway system to be nous noted, nominally, by the State, though the et authorized the Government to grant concessions to private companies in but not yet begun by the Government. gramo Sore approach to a Japanese "railway manin" followed, and in the year 1896 (immediately succeeding the war with China when Japanese enterprise was greatly stimulated) the number of provisional concessions applied for us no fewer than 565, though a large number of these wure in respect to quite short railways, many of them for less than 20 miles of line. Under a farther Private Railways Act, paraad in 1900, the Government reserved in themselves the right to purchase private lines with their equipment, at the spiration of 25-yours from
of permanent concession. By 1905 The Japan was 38. owning and operating 3,268 route miles of line (the track mileage being 4,255) as compared with only 1,461 miles comprised in the Sint system..
In other
Whatever the real resop's and influence
$16,50
4.15
16.50 2.75
WINE, SPIRIT & CIGAR MERCHANTS,
12, QUEEN'S ROAD CENTRAL.
[35
Hongkong, 29th May, 1908.
Stata operation, as distinct from the State in the writer's judgment, gravé objections to or municipal ownership, of railways, tram. ways and other commercial undertakings. Those objections are based on the grounds, among others, (1) that it is undegirables in the extreme for the thoughts and the attention of a Government engaget in the discharge orasting duties of expreme national importance -as is now especially the osse in Japan-to be distracted by details of railway management; BANJOS (2) that there is a great danger, ss shown by the
NOW ON HAND
A SPLENDID STOCK
of
itself hampered by members bringing forward. wages demanda, ar personal grievances, in con- nexion with the railway service; (3) that there are obvious objections to having an electors a large body of Stato servants; (4) that though State operation may result in economies in some directions, the general effect is iucrossed expenditurs; sud (5) that the management of Ho complicated a business as a large railway
Colonies have system is best left to trained railway adminis trators-as most of our discovered.
ON
VIOLINS
MANDOLINES
A LARGE SELECTION OF
FLUTES
FIFES
PICCOLOS
AND
BRASS
The procedure recently adopted by the well worthy of the study of Japan. In the case eminently practical Government of Mexico is of Mexico, the difficulty to be faced as tho passing of control of the principal railroads into the hands of capitalists having a purely fina- on behalf of Mexican industry and the nation at cial interest only in their operation. To retais, large, the altimate direction of railway policy in the Republic, the Government boldly entered the market and secured a paramount interest in two railways and, thus intrenched, made tarnis with others. But so far from involving its own excellent credit in railroad finanos, or taking any responsibility for technical management, the Mexican Government facilitates a reorganization ROBINSON
INSTRUMENTS
Sir Robert Bredon, it is of interest to pote, Oficial is for the present at all events to the granumber of railway companies in four years of the war with China the ra iway question of extensions, eappression of redandant
is one if the successors of Dickens's famous Dr. Slammer, who was regimental surgeon of the 97th at Chatia. In fact Sir Robert i Dr. Slimmer's last and only surviving successor, for regimental surgeons were abolished in 1873, and flu 97th was obliterated in 1882, and
became the West Kent.
Sir Robert served all his time in the Army in the very battalion of the West Kents that was in North-Chins to and is now in Singapore.
Talking of Dr. Slemer, one may wonder whether Sir Robert will be the last In spector General as he was the last 97th
WHE
OF ALL KINDS..
PIANO
CO., LD.
Hongkong, 22nd May, 1908.
The construction and operation of these rail. 5,04 miles shown in the table given above destinies of the country. Examples which mayo bear the truth spoken aloud without bypocrisy
the Department of Finane, It was there azid that, in view of the necessity for a definite postbellum programme, and for the insrosso of antional wealth and development of national resources," it had become of the utmost import 6400, to introduce effective means of internal transportation and communication, But, it was added, the existing system of Government and private railways lacked order and uniformity," offered no facilities for direct traffic over long distances, and hardly appeared to "keep pace tho purchase scheme in question. with the general progress of society." Hence
was much more due to strategical than to quarters it has been suggested that the scheme
ever the strength of the party in Japan which his future onroer should be regarded with special interest, for he is the man mure then
bag favoured State Sosialism in so many ways This gave him a sort of claim for choice of any other who is responsible, for good or for
of late years, the intusuce of the military party also must not be left out of account. appointment, and he asked for a regiment at evil, for the Tatsu Maru settlement. He is
leading up to railway nationalization in Japan, home and was promptly given the 97th-then, very clear-ended, reso'g'e, well-informed, and
the results have had a seriously disturbing effect on the national fantes, already from as now, one of the smart regiments of the serviceable diplomatist. More about him anon. By an edd ecireidence in view of Sir Robert's Referring to the appointment of Mr. C
other causes so heavily or erweighted.
Le Japanese are not a propio. to whom one. later career, they were known as the Celestials, L. Chow, director of the Imperial Railway
lightly secribes the mistase of under-estimating from their sky blus facings.
by Customs Taotai
ease their Government seems to bave overlooked
which puts the operation of three great railroads of Newchwang, this Hongkong-born Chinese
difficulties or of lack of provision. But in this the country's opacity, for expansion, Within in the bands of competent experts and leaves run the two pests conturrently. Thore much satisfaction Ically that Taotul Chow will not
mileage increased by over 50 per cent, and the services, and so forth to a responsible company, leave the railway, in the direction of which be
existing railway system is palpably inadequate while the Government receives a stated return to serve a population of some 50,000,000. The and is the ultimate arbiter of the railway. has shown mach ability and gained great
affords also a striking comparison with the appeal more directly to the Japanese Govern popularity. Previously notai Chow
ways, by State and private torprise respec equally successful as director of the China tively, had becz attended with may physical 23,00 miles open at the same date in the ment are furnished by India, where the Governor Onwardice: so thick and heavy has been the More bants Stem Navigation Co. His secup-difficultier, Japan is not a conery exceptionally United Kingdom. The Japanese Government ment has relegated the operation of lines stiepkere of falsehood which for years has was not oblivious to the necessity for extensions purchased from private owners to the old enveloped us, that it is regaded ne au aos of auoy of the Newchwacg Customs Teotaishipsdapted to railways. Monzteins in long ranges and betterments, as the Budget for the your managements, which obtain any profit which heroism to speak the truth and nothing but the
irathi." or in splendid isolation prevail throughout the ended March 31, 1998, indicated a programme may accrue, after a fair return to the Govern-
Those organs of the Press which are will probably not be a long one, for it is provinces; of theso over 3,000ft, in height thers generally regarded as merely the first rang in are no fawer than 76. In many localities the of expenditure involving €17,816,00, of which ment, from enlightened administration and more closely connected with the Government
naturally maintain considerable reserve £11,554,000 was for construction spread over management. thofficial ladder up which Tactal Chow is only available railway route is along at stripe aight years, and the balance for improvements
It may be in some such direction as this that dealing with the subject, bat there is unques destined to climb les very considerable height, of country between theseantains and the Sot distributed over 12 yours, We know that the the Japausse Government will find the best solutionably a feeling in Government circles that
A reversion to the the discourse was unduly political in tone. he being one of the cleverest of the constallation while torrential rains and typhoons will convert finsusial programme then set out has already tion of their own problemi.
It is offcially announced that for to-morrow a the narrow streams of one day into raging
more nearly touching the national pride thaa mistake then State operation under a system of ceremony of the opening of the Cortes, as for of satellites with whom H. E. Yuan Shih-kai torrents the next, washing away the railway had to be curtailed in respect of expenditures dusi ownership principle would be a greater
lines, and dislocating all trafic until repair the building of railways, and we know also, from nationalisation. A company working the entire the King's acclamation in the same. Assembly, or reconstruction can be carried out, avoid such contingencies the railway hatween experience in india, that Government estimatra railway system-though subject to such gordi- the exact date of which has not yet been fixed, Kobe and Osaka at one point is laid thrungh of railway capital needs seldom keep race with ions as would ensure a full fogard for Japanese the national mourning will be interrupted. The Repablican journala rapent their instractions-to- interest would deserve, and should obtain, the people" to absent themselves from the We find here the germ of the more or less degree of support not likely to be given to com-
panies standing in anomalous relationship ceremony and the line of route, on the ground that all semblance of disturbance must be avoided interested reports telegraphed at intervals from has been a failure. It is a failure in one senes
petitive lities of railway,
for main- of the term. No other practicatie method of
"There i one supreme reason why Japan reply to "the ridiculous measures linking together and oo-ordinating an infinitely
should adopt some such course as that hare taining order which the authorities bave esen devised. From the point of view of facilitating her energies more effectively on the great work tra and trade the nationalization policy of national expansion she already has on hand. Of this expansion the writer bad abundant ed bave been two-fold. The first is that no
svidence. In the harbour of Nagasaki he saw
Berlin, April 30 been comparatively cheap to construct on
of a buge feet of steamers trading with all parts
The Boichstag to-day referral to the Badger. The notice convening the meeting having account of the low rate of wages prevailing railway system cant be worked with a closed the Japanesa flag flying oraz some 90 per cent,
can maintain the necessary w of capital of the world; at Hongkong British, Garenag Committee the Bill in which the Government in that scuntry. Some official figures published plai nocount the second is that Goverbment in 1903 gave-the-cost por mis on follower-
and American steamers were filling their proposes to increase the subsidy of the North- Statelines; £10,460; companies lines, £7,239; without wearing out its welcome in the lean
markste of the world.
Witness the chilly bankers with Japanese coal; ut Houelalu be Gorman Lloyd (mpany from £279,500 to Railway operation in Japan has had it dra reception of the Japanese Government's South learned that when teaders were invited his the £3050 in consideration of additional corvioas average, £8,172
-presumably against possible Japanese aggres New Guines. It is proposed to allocate the sion--the lowsstand most attractive tenders came additional £25,009 to the so-called Austral competition at many points on the long and verity of the terms the Prussian Govern- straggling oast me which has helped to keep mot have to concede to secure capital fur
madit extensively of lale years, and a constant of America he found that the sleepers used in between New Gaines and Singapore with an freight rates extremely low. In the rosult, the many fusive Japan has had to exercise bar from Japanese contractors; ou the Pacille Coast Japanese line, and to snow, a new Survios the construction of the new railway running annual sam of £13,500, which is to be subtracted less than the receipts from passengers. Eveu fail to impair a credit deservedly sound. between Orden, Los Angeles, and San Francisco for this purpose from the existing subventions receipts from goods in Japan tre proportionately stream of loans for railway purposes could not the uermal passenger traffic is relatively small. Investors are less inclined to weigh the objects had been supplied direct from Japan, in com- of the company. a calculation made a few years ago showing that for which loans are sought than to dwell on the position with American lumberman
while in
On behalf of the Imperial Secretary of State the average number of journeys per year per frequency of their emission. The urgency of Southern California were huge fruit farms and for the interior, who is indisposed, and in the market gardens languishing for want of labour absence of the Caloni Secretary, who is on bend of the population (50.000,00) was only the call for railway expansion in Japan and the 2.4, while the average distance travelled per head per year was 4 miles. In some parts of antituss of the funds available may be judged hitherto admirably performed by Chiness and teave, the Under-Secretary in the Home Office, Japan the people are still so unfamiliar with from the fact that the Minister of Finn and Japanese, to the latter of whom also, the Horr Wermuth, explained to the House the of industrious Japaness work on the farias and Lloyd Company to continue its Far Eastern More remarkable still is the fact that either gar plantations-is almost entirely due. services on their present scale. During the last put on the windows of the third-class carriages resigned because they have not been able to
warn the passengers not to thrust their heads care vores on this account
Japan is now establishing colonies of her own 20 years the total value of German exports to to avoid outlays ou existing lines, or to provide to absorb har sarpins population, which will uo China, Japan, and Australia had incre sed from through what they might otherwise regard as
additional facilities without resort to Siste
longer have to seek as outlet in the Pacific, in £3,000,000 to £11,630,000. In the case of Japan Private railway companies in Japan are
surgeon and will the I.M.C. be metamorphosed into something else when Sir Robert goes, as the 97th war?
has surrounded himself
WATKINS LIMITED.
To
the
demands of commerce.
JOINS THE I.M.Ü.
a tunnel constructed underneath the bed Anyhow, in 1873 Sir Robert retired from the
of a river which is especially liable to floods. Then the line from Tokio to Naoetsu British Army, and joined the Chinese, I. M. C. In 1837 he retired, but rejoined the same year.
The ninth oŕdivery on ual meeting of share. runs through a mountain pas! with a gradient Tokio that the nationalization of the railways towards a State which was itsolf operating com- and that such an attitude is the most suitable
of 1 in 15 for a length of five miles, lucluded In 1879 he married Lily Virginia, youngest hold era in Watkins Ld, was held at the com- in this distance being a three-mila tandel. daughter of Thomas Crane Banke, of an Francisc; and there is one daughter of the pany's tffice, Watkins' Building, on Saturday Here the locomotives have recourse to crack blivitled railway system could have been suggested, becaaga she could then soncentrate fit to take.
running rails, marrings, a young lady with remarkable literary afternoon. Mr. G. Watkins presided and there and pinion, the cog rail being laid between the were alto present Messrs. A: R. Lowe, Chen A Although offering many engineering dical abilities and artistic accomplishments for her Took, John Lemm, Chow on Wab, Chan Yut ties the Japanese railways have nevertheless remains una gailable. The obstacles encounter
ago.
AFFE ECLATION OF HIS SERVICES.
Kai, and others.
Lbeen read,
REICHSTAG AND SHIPPING SUBSIDIES,
Sir Robert Bredon was made C.M.G. in 1909 and K.C.M.G. in 1904. He was given the Zud
The CHAIRMAN said- Gentleman, We now Division 2nd Class of the Order of the Double Dragon by the Chinese Government, and helda present to you our report and accounts for the the following decorations from other sovereigns year ende à 31st December, 1907, printed copies backs, the principal being the severe water Manchuria Railway issue, and the progressive GUDSIJUCtion of barbour works and förtißeations from: Australia, Japan and China to German
and Governments;--Officer, Legion of Honour; France; Commander, Order of St. Olef, Nor way; 24. Class of the Order of the Shored Treasure, Japan; and 204 Class of the Order of
of which have been circulated and which I hope will be found eatiefactory by shareholders. As we anticipated at the annual meeting last year, our mortgage account has been entirely wiped out, and your property known as the Crown of Prussia with Star.
We have previously noted the kingar done "Watkins Buildings" paid for in full. In the accounts there is nothing I think to Sir Robert Hart by the Chinese Govern-
Oar assets, you that requires explanation ment in giving him the rank of President of a Metropolitan Bond. To Sir Robert Bredon will notice, have been written down to
very low figure and your reserves incressed. on asuming his new position they have given. As to the present year's prospects, I can only railways that stroske of white paint bare to be the Minister of Communications have both prosperity of Honelalu-where many thousands importance of encouraging the North German
to warn
the rank of Provincial Treasurer, which is sometimes translated Lieutenant-Governor.say that so far we have no reason to feel passi- This is the rank which Bir Robert Hart, the mistic. The continuation of the declared policy Inspector-General, held up to a a few years ago, of your General Managers to see all profits to when he began to run far ahead of ordinary reduce floating liabilities, and build up working Customs work. This rank given to Sir Capital, has again prevented the payment of allowed to undertake warehousing and the work funds, the Government are consi:tering CoF the United Stalog, er in Csoada; and the result alone the value of the German-export trade bad Robert: Bratton at the present juncture is dividends. which otherwise they would have been of general carriers. They are also permitted to cessions for the contruction of electric railways, will be direoly to Japan's economic advantage. risen from £925,000 to £5,100,000, It was im
significant honour, on which his friends, foreign and Chinese slike-and they are legiou
will warmly. congratulate him.
justified in dividing. If any abareholder has any questions to ask, I shall be pleased to answer them to the best of my ability,
There being no quetions,
...
The local native press and the Chinese papers
The CHAIRMAN continged-And
now, of Shanghai continue to devote space to the Inspectorate-General, J.M.C., and to the per. Gentlemen, I have the pleasure to move the first "That the report now presented sopality of Sir Robert Hart. One paper Resolution: mentions" a well known man in Peking who together with the balance sheet and profit applying with all his might for the vasant poet and loss accounts he approved and adopted." of the I. M. C. Inspectorate General. "No I shall feel obliged if any shareholder name is given, but he is described as an English present will second the resolution now before subject. Another paper publishes a long article the meeting.
Mr. Chow. HON WAH seconded, and the on Sir Robert Hart's Past Life in China,"
resolution was carried. pointing out what are described as his “merita
This concluded the business of the meeting. and mistakes.”
It is to be noted that the Chinese in authority who are concerned in Customs affaire are thoroughly satisfied with both Sir Robart, Hart and Sir Robert Dredon, It is the foreigners, both inside and outside the Customs service, who are so keenly discussing the alleged desirability of having a fresh L-G. At a recent river picnic here, for instance, the name of Lord Curzon, of all people in the world, was on the lips of everybody in a crowd representative of the shipping and mercantile interests of Tientsin! Others, again, pretend that Mr. Hippisley's name is one to conjure with ia connexion with the final disposal of the Inspector Ganeraiship. It is somewhat
LATEST STEAMER MOVEMENTS.
The air. Rubs, left Manila on Salardsy, 30th ult, and is sine here to-morrow at daylight.
The sir. Carnarvonshire loft Singapors on Friday afternoon, the 29th ult, and is due bere on or about Friday afternoon, the 5th inst.
The C.P. str. Lennox strived Nagasaki. at 5 am on Saturday, the 30th it, and left again at noon Sunday, 31st ult. for Shanghai, where she it due to arrive at 6 r.m. to-morrow.
The Silk er M.M. str. Armand Behie which left this port on the 28th April, was delivered in Lyons on the 29th May,
The C.P.B. str. Empress of Japan arrived Vancouver at 1 am, on Tayday, the 26th alt.
a vacant spac).
Actual
That Japan has before her a great commercial portant that branches of the German connexions operate collieries and mines, miscellaneous - which, in some instances, paralleled the State fore, this striking position that, within two
doubt. Betmenn her own position, as the sea-girt to Yokohama and from New Guines to Sydney. oeipts from theec sources helping & swell their railways for hundreds of miles. We get, there- and industrial future there is not the slightest with the Far East, like the lines from New Guines capitalization of Jours of the nationalization scheme being carried home of an energetic, enterprising, and maritime should be assisted until they became self-support- income.
Au official report gives the cap
out, not only is a large capit lexpenditure foundation, and our own position in the British Isles ing. The demands of the Government on behalf the railways in 1903 as follows:-
nepesasry for which no provisison sau comfort there are many points of identity. Japan is of the North-German Lloyd were not excessive, Government. Privato. Total. Nominal Capital 225,332,773 £27,886,614-23,170, sbly he made, but the Government propose to developing her resources on lines strongly since the British and Australian Govoraments 14,40,829 93,663,388,404,161 revert to that very system of dual ownership, analagons to those on which we have developed subsidized British shipping in those seas with The bulk of the uoney required for the State the disadvantages of which the scheme was
one awa: and her succese is winning for her an annual grant of £1,470,000, while Freno lints has been raised by loans, the cost of exten-mainly destined to storeome. If the additions a. degree of entagonism on the part of other shipping received no less than £2,750,000 for sisus being met in part ont of net revenue. The lines are nested--and that fact is not questioned nations akin to that which our own commercial its services. The additional grant of £25,000 Assured basis for its fature development in the private lins have been constructed with sbaret should surely be the duty and the interior advancement and colonizing power tave entailed would secure for the North-German Idoyd an
In the writer's opinion this correlation in South Feas and the For East, capital to the extent of 37 per cent., the of the Government, nider the nationalization remainder being raised by debenture bonds or scheme, to provide them and so control the upon us.
The Conservative Deputy, Count: Kanitz loss, though them are regarded only as whole system for all time. It is practically matcal conditions seems fally to warrant s temporary expedients to take the place of share hopeless to expect that capital will be attracted feeling of sympathy, if not almost of kinship questioned the necessity for subsidizing
to Japan for the construction of new railway between natione geographically so far apart shipping company which was able to pay a capital to be raised sabrequently.
The latest available statisticsthoss for the when the Government admits its inability to year-ended March 31, 1906-show the general provide the fanda and by implication is presuda Englishman, at least, can well afford to dividend of 8 per cent, and he said that, above cast aside say fuelings of trade rivalry, and to all, in the present state of the Imperial finances, ed from offering such guarantees as would offer friendly counsel and hearty encourage account ought to be taken of every penny which railway position tha
Stato. Companys encourage prudent investors. It is assumed
Deputise for Hambur; and Bremen supported 3243 new eleotris lines would supplement" those atment to an ally that has become the Great was spent. The Radical and National Liberal
Power of the Far East. 1,780. 17,854,126 £25,806,397 present operated by steam; but, if they compet
the Bill upon the ground that a national
Lives open (route miles)....
of construction
Post of tried
Goode carried (tous) ................. | Receipts: Passengers...
Receipts Goods Receipts Bliscellaneous Total receipts ... Total expenditure ........... Not receipts...zug m Personbage of not receipts-- To er pital To cost of construction...
Gross receipta per unlo Grose expenses per mile Receipts per brain mile run... Expensze per train mile ras.. Perountago to total receipts of- Receipts from passengers we Roquipts from nascllaneous. Receipts from goods.
37 371,079 82,639, 489ed with the latter, what would then be the THE PORTUGUESE REPUBLICANS. interest" was involved.
3,782,505 17,159,950 attitude of the Government, depending, as they £1,484,871 3,190,001
Lisbon, April 28.
On behalf of the Centre party Herr Erzberger expressed the opinion that the financial position 205,166 22,010,037 wust on the profits from the lines they had
£30,700 2705,258. acquired to pay off the purchase money?
The notable sermon delivered on Saturday of the North-German Lloyd Company was £2,455,731 £5,005,190. In such a dilemma the line of prudence and 21.1:6, 101 22481 605 safety is to seek a middle course. The writer's by Canen Ayras Pacheco continues to be the more enviable than that of the German Empire. £1,319,89 49,673,600 view is that, while retaining her system of Bt te principal subject of discassion here. The Re- The proposed subsidy would chiefly benefit
7.39 21,890
2613
55:3d.
25-5d.
3.09
"
£1,500 (
47'0:1.
11-29 ownership, Japan should discard the political, publican journals forget their detestation of trade between Australia and Japan, and the 9-57 financial, and economic drawbacks of State Clericalism in the satisfaction they feel at the maintenance of cheap rates and freights on this. operation, and adopt the suggestion already preacher's condemnation of the politics! methods route could not in itself be described as a advanced for the transfer of the entire railway that have been practised in Portugual. The "national interest. In his opinion the grant 230 system to a company which would relieve the Reublica deolares that the Canon spoke the of an additional subsidy to the company would Government of their responsibilities, guarantee truth to the King and was assuredly the first merely enable the Japanese to compete mora In view of the objections which were raised 447 an assured return for the concession, and under person to do so He will never bes suocessfully against Gorman trade, and
take all further improvements and extension in Bishop, but he has shown himself to be a " The Clerical Portugal, in somewhat similar 158 the working of a unified system.
language, says "We bave become so unused
36.9
40 á
There are
by
a number of other speakers, the Bill was ultimately referred to the Budget Committen.