Page
THE AMERICAN FLEET
AT AMOY.
[TEÒM OUS SPESIAL CORBESPONDENT,}
AMOT, 30th October, Amoy awoke early this morning. Expectancy was visible everywhere. Shortly after daybronk the Stars and Stripes hoisted from the signal station told that the American Fleet was not far off, and axoftement became latense. All the uplands were crowded with spectators engar to catch the Arst glimpse of the big ships, and the final touches that were needed to complete pre- parations in honour of the visitors were added with feverish hasta. Shortly beforesight o clock the battleships could be distinctly seen by the naked eye. A little later they had made their way between the islands into the outer harbour, aad, after paying the usual courtesise, dropped sashier about ten dolook near the fort.
The occasion is indeed historic. It is of high interest and importance.. Not only is it an indication of the snoosss of the great experiment undertaken by the Battleship Fleet, but it is significant of the more cordial relations which ara being cemented between China and the other Powers Cortalaly nothing can exceed the heartiness of the welcome which China is extending to the Amerlonu visitors. welcome is indeed a lavish one.
Her
To meet the float Admiral Prines Sah had mastered seven or eight ships. There were 1va craiser Ting Chi," "Fei Ying," "Hai Yang," "Hai Ting," and "Haishi," "two gunboats "Yuen Koi" and "Fah Aa, together with the "Pingohing," the Custome - reveauo cruiser, and the transport "Fasohow." Wailing the arrival of the big ships were the America transports.“Calga" it Alexandra."
and
Early in the morning the orülser “Fei Ying" went out to great the visitor, and, on coming up with them about daylight, saluted the American Admirai, She sourted the feet. into barbour, where the German oraisor. "Nipba" opened jus saluting. The," Louisian then fired thirteen guns in honour of the Chinese Admiral, and Prince Sah's flagship the Hai- chi" responded. Sabeequently the usual calls were made and the time passed quietly intil. eveningham
The visiting section of the battleship fest in commanded by Rear Admiral William H. Emery, Rear Admiral Sperry having proceeded to Manila with the first suction. Its organisation
THIRD DIVISION.
Rear Admiral W. H: Emery, commander, Lieutenant R. W. Hendon, old-fag Lieutenant.
THE HONGKONG DAILY PRƑBS. MONDAY, NOVEMBER LED 1906.
2.30 p.m.-Baseball game on Parade
Grounds (semi finals),
3.00 p.m.-Tennis and sports on Pallia Bervation Grounda, "Kulanges, for entertainment of Gillones, and Chinese Oficials,
5,00
p.m.-Ladies of Foreign community *t Home" on Public Becreation Grounds, Kulangen,
6.09 pm-Boxing contests on Parade
Grounds.
7.00 p.m.-Dinner and Ohiome theatri-
cala, on Parade Grounds. 8.00
-Dinner at American Con- p.m. sulate, Imperial Chinos Commis sioners, Chinese Reception Committee and Officers in Command of Fleet, 9.00 p.Dance at Foreign Club to lours and ladies, to be followed by
and display of fireworks. Tuesday, November 3-Her Majesty the Empresa-Dowager's birthday anniver- ary. 3,000
men to be entertained mabora.
officers sapper
9.50 a.m.-Final football game.... 11.9 to 12.30-Reception by Chinero
Ofcinia at Haception Hall,
1.00 p.m.-Labeon at Nan Pu To Temple to Officers and Foreign Consula by Chinese Local Officials, Gentry and Chamber of Commerce, 1.00p.m.-Luncheon for men on Parade
Grounds,
230 p.m.-Fival baseball game.
7:00 p.m. Dizner to Offloare, mer, and foreign community on Parade Grounds. 9.30 pm-Prosentation of Football and Baseball "trophies by His Imperial Prince Lung and His Ex- Highnese cellshoy Liang Tang, Yan. 9.50 p.m.-Grand display of fireworks. Wednesday, November 48,000 men to be
entertained ashore, 9.30a.m.-Boat Racer.
12,00 a,Presentation of Prises in Boat Raons by Rear-Admiral C. P. Sab, L.C.N.
12.30 Luncheon to Officers and
men on Parade Grounds.
2.00 p.m. Field Sports and Gymkhana. 5.0). Presentation of Field Sports prized by His Excelleney Viceroy Bung Shou
7.90 p.m. Dinner sad entertainment for
Ofcers and mer. Thursday, November 5-Departure of Battle-
abip Fleet.
HONGKONG'S. REVENUE AND EXPENDITURE;
A comparative statement of the Colony's revenns and expenditure for the period ended. August 31st is published in the current imuć of the Government Gusetts, and affurds some interesting comparisons with the revenue and expenditure for the same period of the previous year. For the period under review the actual revenus, including that derived from land sales was $4,055,569.72, a decline of $483,489.92 on the revenue received for the same period of the Including Public Works prsosding year. Extrasdiary, "the actual expenditure totals against $3,773,925.22 for the corresponding period of last year. Soma very cabstential deiresses are shown under the heading of revenus, notably liomeer and in- tornal revenue not otherwise specified, which show a falling off of $399,885.37. The receipts from the ones productive item, land sales, are still on the decline ;they bare fallen to $0 1,814,57 below last year's revenue from this soures,
Lieutenant C. T. Hutchins, sid. Lieutenant D. A. Weaver, assistant soorat $4.191,559.37 as ary
1.
59.
FOURTH DITMION.
LOCAL
SPORT.
CRICKET.
E.L.C.G. "a" ▼, BOTAL 28NGINNERS, Played on the ground of the Hongkong Cricket Club on Saturday, this league match ended in "ün onay win for the hame team, who had 120 runs and three wickets to spare. Boeres and analysis follow --
ROYAL ENGINRIRË. Lance Corp. MoGregor, b Perge Bapr. Harris, ran out in
Star-Sgt. Power, a and b Stevanaos min. Sgt. Bhuta, run out
Sapr. Horrish, Lt. Hens, b Hancock..... Lt. Batterthwaite, b Hancock ...... Bapr. Denman, o Stevens, b Hancock...... Corpl, Harrison, a Home, b Stoveng Bapr. Drummond, b Hancock. Sgt. Wallbank, not opt........ Lanen-Corpl. Coxon, Starrin
Extras.
Total
BOWLING ANALYSIS.
D 13
4421
4.1
281 2
R. Hancock........... T. E. Pearce, na mas de 14 F. H. H. tevens...
HONGKONG CRICKET OLUB "2" TEAM. B. Moors, st Power, b. Wallbank ...... A. Q. Lang, o Batterthwaite, b Morrith... 5 H. D. Sharpin, a and b Morrish, Btevens, abatterthwaite, b Morrish......... Gelathorpe, c Batterthwaite, b Morrish ... R. P. Carter, e Harrison, b Coxon Lt. G. E. Home, b Denman R. Haucook, not out
T. E. Pearce, not out anu teu kan en H.hook and A. A. Claxton did not but
Extras man men
Morrish.. Shute Wallbank Соход Denmad... McGregor...
Total.......
278
DOWLING AMALTSIN.
EL
W
3
11
CITIL SERVICE V. POLICH.
This league match ended in an easy win for the Civil Service team by four ruas and six wickets. Scores and analyses are 20***
POLICE.
W. Pitt, o Ellis, b Brett. J. Egg, Bood, b Brett..... W. Edwards, b Brett
A. Langley, Baven, & Brett
W. Kent, c'HutoLitson, bird
T. H. King, and b. Bird.....
J. Hall, b Brett pince
D: MoHardy, b Bird... W. Cooper, not out....... Cookle, o Adams, Bird Foley, o Raven, 6 Bratt Extran ..................óc
Bird. Brott
Totala sa tadparova a BOWLING AN ALTRIS”
CIVIL OBRVICE?
A. B. F. Ravan, b Kout... E. B. Read, run out
varying
R. C. Barlow, o Pitt, b Kout......
H. Elis, not out.......
J. MaEwen, King
A. R. Sutherland, R. C. Hutchinson, R. E. Q. Bird, A. G. Pilo, P. R. Adams, and L. E. Brett did not bat
எமது
Extras
Total
64
BOWLING ANALYBIOS.
1.
Foley... Koni
5
King 33
CRAIGENGOWES 7. H.X,C.J. “A.”
This league match was playet on Saturday,
WILLIAM POWELL, LD.:
The annual meeting of Mosers, Willam Powell, El was held at the offoes of the Company, at noon, on Saturday, Mr. B. H. Hinda presided, other shareholders present being Mesara, H. Eyre (manager), H. Percy Smith, A. E. Parker, H. Jillings and J. Amold.
"
THE NORDDEUTSCHER LLOYD
AND THE HAZE.
PROM OUR HAMBURG CORRESPONDENT).
SPECIAL
BARGAINS
The MANAGER road the notice calling the of the Norddeutscher Lloyd, held in Bremen last HIGH CLASS
meeting.
PIANOS
BROADWOOD.
WERNER. ΠΛΑΚΕ
COLLARD. RACHALS KRAUSS.
HAMBURG, October 2nd. At a meeting of the council of administration
week, the Director-General, Dr. Wiegand, stated that the accounts for the first half of the present The CHAIRMAN mid-:- Gentlemen,The re- port and accounts having been in your hands year showed a falling of is receipte, after for some days, I will, with your permission, adopt dedusting working expenses, of steven million the customary course and take them as road, Marks, as compared with those of the oorTES- You are aware that since the last sanus) inset-ponding period in 1907. Tuis was obiely ing the capital of the company has been ra. attributable to the depression in the passenger dused by special resolution to $105,000. This traffic to the United States. There had been a reduction, as suggested to you at the time, wil slight increase in first-class passengere, but in be utilised for writing down our stook. I would the second and third classes the numbers had state, however, that the amount appearing in declined respectively from 13,400 to 7,800 and the mocionat before you for stock is the actual and from 120,040 to 20,400, Homewards there cost value laid down here, but in a business of had been 2,003 more cabin and 15,500 more third The total defolenor In this description the depreciation owing to spoil olams' passengers. age through olimatio conditions is enormous, freights inwards and outwards amounted to and we find that this woulter of depreciation Ewe M: 950,000, From the Mediterranean to the not been suffolently allowed for in the past. Staten 2,000 cabin and 23,000 steerage passengers leer had been booked than in the corresponding When this company was formed a large amount of stock was taken over, a quantity of which six months last year, but homewards there and WILL BE STORED UNTIL REQUIRED is very rarely inquired for, and wo propose been an increase of 7,100 in the stearage which; to clear this out at auction or otherwise however, owing to the low rates ruling, lu no making room for goods more readily saleable. manner made up for the falling off in the traffic I am glad to say that the volume of business outwarde, more especially thers had been a has not diminished, in fact, it showe a slight decrease of 1,200 in cabin passengers. increase, but to enable us to maintain it, prices South American service had yielded M. 850,00)
loss in the half year, whilst the Marseilles ROBINSON PIANO Alexsudria line had, owing to the keen compe
HE PARKER I would like to ask, Mr. Chairman, whether it is inferred from that report, that the previous management wrote off loss for depreciation of stock than the present management has dons P
The CHAIRMAN-I could not say whether less depreciation was written off in Mr. Heck. ford's time than at the present time.
Mr. PARISE-I take it that the figures are Available, Mr. Chairman
The CHAIRMAN-I think they are in the ald reports. We were able to write of more in previous years than we did last year. We have absorbed 35,000 from the equalisation of dividend fund for the purpose of writing off, and at present we are not in a position to wito off. The present management still thinks that formerly there was not sufficient written of,
commander tonnage Louisiana (Eagship) 16,000 Captain E. Niles Virginia
A. Sharp 14,948 Missouri
12,500 R. M. Doyle Ohio
12,500
T.B. Howard
Rear Admiral Beaton Bohroeder, commander. Lieutenan! T. T. Craven, aid fisg lient. Other items showing depresses are the Post and resulted in a win for the Craigsgower | and that the dividez de, paid were too large, Ensiya E. E. Kimmel, sid,
Offlce, $16,234.05; internet receivable, 814,002.83, tonnage Wisconsin (Bagah) 11,552 Capt. F. E, Beatty and fees of Court or Offos, etc, $18,575.88 Illinois
J. M. Bowyer Incresson under the beading of revenue, Kearsarge
H. tiubobis anfortunately, are few. The greatest is an Kentucky
W.C.Cowlan The reception committee included Prino Ta amount of $16,653,3 for rout of Government
property, land and houses,
11,552 11,550
11,520
I
=
commander
The amount
Lau, the Viceroy of Fokian, the Governor of received on miscellaneous receipts ha risen to Chokiang, Admiral Sah, the Major-General of $6,378.54, while on light does the amosat Fokien, the Testai of Amoy, and Commissioners Trotai Mei and Ch'sin-ya, The bulk of the realised was $552.91 more than for the saing work ww, however, undertaken by Total Mai period of the preceding year. (Dr. Mark), bat, gigantic as it was the ralt left nothing to be desired. The preparations were concentrated at the race course or parade ground. A special jetty was built, a road was prepared over the sandy shore. Loading past the picturongne wall of the fort over which ourious Chinete soldiers pooped to the parade where innumerable erection had sprung up in a remarkably short space of time, The entrance to the ground was under a solid looking tower, a brilliant erimaan byday and a mass of light by night, Round the course were erected about a dezan matsheds, beautifully finished with bunting, showing the Chinets and American calours, and comfortably itted up for the assommodation of the men, At the top was a huge pavilion built of wood and glass, & handsome structure, beautiful in design and finished and equipped in excellent taste. Here everything that thought seald suggest for the comfort and convenience of the visitors was found.
The revised program for the reception ja as Follows:-
Friday, October 20-Arrival of Battleship
Flest Exobangs of Official Visits. 7.00 pm-Chinese Dinner at Raception Hail to OBeers of Fleet by Imperial Chinese Commissioners. 7.00 p.m.--Chinesa Dianer to men of
Fleat on Parade Grounds.
Baturday, October 31,-3,000 men to be entor
tained ashore,
9.30 am.-Baseball game.. 19.00a.m. Luncheon on board U; 5. S. Flagship Louisiana to Imperial Chinese Commissions and Chinese Reception Committed by Rear Admiral W. H. Emery U.S. N.
12.30 8.-Lancheon to officers and
men on Parade Grounds. 2.00 to 3.00p.m.- -General Rocoption on board
U. S. 8. Flagship Louisiana 2.30 pm. Football game. 6.10 p.m.-Boxing contests on Parade
Grounds... 200-p.ro Chinese dinner and entertain.
ment for difcere and men.~~ Sunday, November 1-No official program.
"At noon luncheon will be served ashore
for ofloors and men. At 4 tea will be served at Nau Pa
To Temple. Monday,
November 2-3,000 men to be salertained ashore. 9.30a.m.-Football game (demi-fiusks).: -12.00 am-Reception to Ofigers and Chinese Officials at Foreign Club, Kulangau by Amoy foreign community, 1.00 pm. Lusoheen at Foreign Club. 12.30 am-Luncheon to men on Parade
Grounds.
p..
**
,
Tarping to expenditure, it is distreming to compare the large foscasse polamn with the columa of increases is an small number of items in the decrease columu Topping the
Worke amount of $170073,69 for Pablic Extraeruary. Other principal inarsson on the expenditure for this parlod of th current year, as against that for the same period of the proceding year, are→Charge on account of public debt, $90,152.67; Military expenditure. (military contribution and Folug- teers), $50,854.59; Charitable services, $29,057.04; Public Works Department, $20,705.85, and Judicial and Legal Departments, 618,704,33, The total decrease in expenditure is 840,095.45° brought about by reductions in Public Work Recurrent of $32,907.85; in the Harbour Master's Department of $6,085,08; and in the Sanitary Department of $1,131,02. Increase in expenditure amounts to $414,628.
INTERESTING WEDDING
AT CANTON.
The net
Cricket Club by 6 wickets and 3 rany. The following are the scores and analysis :---
11
HONGKONG CEICEST CLUB "A" A. P. Dashwood, a Vivasah, b Eran W. C. D. Turner, a Arger, b Pastonji..... 45 Lt. Honghton, osud & Pastonji......
-E. A. Fowlor, e Evans, b Lammert,
E. Irring, o Evans, b Pestonji
E. H. Kinds, b Brown...............
W. Waterboare, b Pestonji
J. Chalmers, b Pestonji
J, H. N. Mody, not out
J. W. Taylor, o Fastonji, b Brawa
Extras
Total...
BOWLING ANALYSIS.
a Pestonj... alle Lammert
M. 8
21
Evans
Bra
CRAIGENGOWEL,
W. V. Viveash, & Tayler, b Fowler......... F. L. Mandoren, Houghton, b Water
M. E. Augar, o Fowler, b-Waterhouse B. Bana, not out
G. Evans, o Fowler, b Chalmers
G. A. Hancock, not out a spezzeri L. E. Lammert; La A. Koaa, A. O. Brawn, F. Pestonji and P. Carry did not bat.
Extras
Houghton Fowler...... Waarhouse
Chalmer
Total for 4 wiekota...... BOWLING ANALXWIS,
FOOTBALL.
27
109
10
17
IK.F.C. V. MIDDLEBHI REGIMENT, A friendly matob between these teams was played on the ground of the Hongkong Football Clab at Happy Valley on Saturday, and ended in an easy win for the soldiers by fear goals
to nil.
T.M.C.A. VI.ME “KENT.”
It is somewhat rare for an English wedding to take place in a Church ordinarily devoted to Chiness worship, as happened in the Wesleyan Methodist Church at Tang Sha, Canton, lost A willing match between these teams was Thursday. The contracting parties were Mr. witnessed by a fair unmber of spectators at Sidney F. Ricketts, of Hongkong, but formerly Causeway Bay on Saturday afternoon. After manager of the Electric Lighting Plant in a hard fought tight the game ended in a win Canton, and Miss F. L. Briscombe, who for the for the sailors, Westlake, their outside right, last four years has been connected with the scoring a lucky goal in a scramble before the Wesleyan Mission in Canton. Tho happy Y.M.C.A, net. The "Kent's " quintetta played occasion drew together a large body of friends, throughout with excellent combination, but representative slike of the Shameen community, found sturdy defenders in the backs of the the missionary body, and the Chinese womed YMCA, McCubbin and Van Ginkel. Atkins and girls with whom Miss Briscombe. has been in gaal was also doing good work; and turned associated in her missionary erving. The bride off innumerable attempts made by the sailors, was attired very tastefully in ivory crepe silk, Storris, as centre half of the civilian team, trimmed with real lane, and on her head wore proved the right man in the right place, and, a very pretty vell auda wreath of orange blossom. altogether, the teams were very evenly matched, She enterered the Church in the obarge of Dr.
MARRIAGE AT THE CATHEDRAL. Anderson of Falsban, and was attended by Dr. Alice D. Bibree of Hongkong as bridesmaid
At 8t. John's Cathedral, on Saturday The bridegroom had secured the services of Mr.
and Official Roosiver, was married to Miss John Stirling as beat man. The service was morning, Mr. G. H. Wakeman, Land Officer conducted by the Rev. Edgar Dewator. At the close a reception was given by Mr. and Mrs. Winifred Kingsey-Morgan, who has recently Dapatos, during the course of which the usual arrived from England, A large number of the congratulatory speeches were made. After the bridegroom's friends attended the ceremony inevitable photographer bad had his inning, Mr. C. A. D. Melbourne acted as best man, and Mr. and Mrs. Ricketts departed for Mac on & short honeymoon, the good wishes which attend. Mr. J. Scott Harston gave the bride away ed them finding abundant expression in volleys After the ceremony a reception was held at Mrs.
Harston's residence where friends fore of orokora, uproarious chests, and avalanches of rice.
gathered to congratulate the newly wedded pair,
The
AND OTHER
·MAKERS or REPUTE
WEAR GUARANTEED!
CASH on CREDIT.
CO., LTD.
Hongkong, 13th July, 1906:
36
H.
have had to be materially reduced owing to severe competition. We anticipate that the change we have made in our capital will agalu tition of the Egyptian Mail Steamship Company. place us in a position to show a balance sufi.also showed a deficit. On the other taud-the sient to pay a dividend next year, and on the receipts from the East-Asiatic and the Austra termination of our-present lease we hope to go lan services had been M. 1,300,000 in exvoss
of sailings. He thought that one sailing into premise of a mere suitable nature and at of those of the Best half of 1907. It was impos a greatly reduced rental. We have about three sible to forecast the results of the ourront half day from Europe to the States and one from the more years to run, and although your former your, but they bad reason to hope that the States homeward would amply meet the require. directers and management may have been car falling of wald be considerably less than in the monts of the public and, that, if such a plau ried away with the hoom which existed at the past six months. If regretted that, under the would be arranged between the great compapier, time thene premises were taken, I can only my circumstances, they would not be in a position savings might be effected in the working of the that they feltered the future management with to carry out the Anencial plan doided upon in lines amounting to no less than fifty million an expenditure more than the business warrant the spring of last your, to defray the cost of the Marks per annum. He hoped, moreover, that ed. Before moving the adoption of the report new versele to be delivered in the course of the the German, English and American Govern. and accounts I shall be pleased to answer present year and the next, in all M. 43,000,00ments would assist the movement by setting sey questions shareholders may wish to put out of the prode and reserves of 1908, 1909 aside all national considerations and by and 1910, but would be obliged to defer the final forwarding the oil by the first steamer regarding same,
Payments until 1911. The board decided to on the list without regard to her flag. amand the financial sebeme accordingly sad to had already communicated his scheme with instruct the managing director to take stape to full particulars to the companies interested, come to an understanding with the builders on, and expected to see it brought up for discussion the subject. This statement has produced a at ons of their next meetings, It was not, most unfavourable impression on Change, as it is however, the great passenger lines alone that thought that the decrease in roeipts for the suffered from an exce of tonnage; the whole whole year cannot, under the most favourable trade was in a like unsatisfactory position, tor circumstances, be expected to fall short of so many cargo boats had been built during sixteen million Marks which the nanal writings } the late boom, particularly in England, that, off would fail to cover, It was, moreover, saked according to revent computationa, nourly” whether there were still amounts owing on vanels 1,200.000 tons were laid up in the various porta purchased prior to the present year besides the of the world for want of cargo; of these 48 milliona stated above and to what extout the 757,306 belonged to British owners and 409,127 balances due to to air bankere socording to the to other nationalities. The cause of the evil Isat annual report had been paid off out of the here too was the age of the steamers of which proceeds of the late issue of new shares. The 1976,145 tons were over thirty years old. It a price of the shares has dropped to about 89 and plan, such as he had akatobed cuf, had besz it seem to be the general belief that the adopted in the post by the owners of cargo pansion of the company during the boom has beate, there would be no superabundance of obsciste oraft at present. The worst of it was been carried beyond what the trade of Bremen
that vassals which had become unprofitable warranted,
It can hardly cause surprise that after thine owing to the stringent regulations laid down disclosures the position of the Hamburg by the Governments of Grest Britain and American Line should have become the subject Germany, were sold at low prines to countries of discussion, The director, Herr Ballin, where lenient lows permitted them to be worked happening to be in Berlin, the Berliner Tageblatt with tower men and on obesper lines, thos took advantage of his presence there to ask for enabling their owners to compete at low rates in
To what extent this wan an interview in the course of waich Herr Ballin other markets, declared that bis company was more favourably practised was proved by the fact that, of vessele situated than the Nordeutscher Lloyd an, onlog of thirty years and over only 1,750,000 tons were more to chance than to forethought 'on their owned in Great Britain, whereas 3,350,000 tons part, they had been able to cancel the contrasts wailed under other Aage. It would, of course, be for two large liners so that their liabilities for vain to attempt to bring about an understand. new vessels and vessels ordered did not exenading amongst owners of cargo boasts all over the 164 millions, of which 14 millions were payable by instalments in the next three years. They could therefore not be considered as a heavy drain on their finances, being carcely more than what they are in the habit of writing off annually on depreciation account. They nover made out half-yearly statements, as these would have to be based on estimates only, it being impossible to procure reliable data from their amerous offices all over the world in timp. Ho did not wish to deny, however, that the geners! depression in trade after the boom of last year was likely to effect the results of the current Year unfavourably. He was strongly of upinica that an understanding ought to be arrived at between the leading companies to limit the building of new luxurions Eners, the cost of which had become probibitive. The "Augusta Victoria" in 1889 had cost four million Marks, the "Prince Bismarck" two years later came to 6 millions; the Norddeutscher Lloyd then introduced the so-called "Kaiser" type, the Ham burg American Lino following suit with the *Dentechland" for which they had to pay eleven millions, and some time afterwards, in order to mast British competition, the Kaiserin Augusta Vintoria" was ordered at a cost of furisan millions. The Norddeutscher Lloyd bad now a new steamer in course of construction, the "George Washington" which WE to beat the latter vessel both in size and speed, whilst the White Star Line was got ing
Mr. JILLINGS-I would like to say that in the old days of the Company, when the shares ware increased we also increased the directors" salaries to $2,000. I now think, since we have redused the shares even lower than the ordinary capital, that it would be wise to rednos the salaries of the directors, and I will mève to that effect,
Mr. PARKBR seconded, The CHAIRMAN-I think it is usual to give notice of these propositions.
Mr. JILLINGS-I am not sure whether we have the mientes of that masting,
The CHAIRMAN-I am not sure that it was not done at a confirmatory moeting. Regarding the proposition before the meeting, I might say that I am not in a position to announce whether Mr. Moxen would accept the reduction. So far as I am concerned, however, I shon.de very pleased to hard in my resignation at any moment; in fact, I have been willing to do so for the last six months. The worry and trouble in the management of a concern Eke this is rather great.
Mr. JILLING—I quite realise, Mr. Obairman that when a Company is hard pressed it is very unfortunate for the directors, certainly agree with you there.”
Mr. PARKEE—It is also unfortunate for the whareholders. Seeing that nothing is written of for the depreciation of stook, the directors might make a little norifico.
Mr. Paxy SurTH-It might be patas. a suggestion to the directors for the forth coming year,
The CHAIRMAN--Will you put it that way, Mr. Jillings?
Mr. JILLINGS-Certainly. I will suggest to the directors that their fees be $1,000 instead €1$2,000.
The CHAIBMAN-It will have to be $500 instead of $1,000, according to the rules.
Mr. JILLINGS-Then I put that forward ass suggestion.
The CHAIRMAN (to Mr. Parker)-Are you willing to withdraw ?-
Mr. PARKER-Yes..
As no further questions were asked, the CRAIRMAN proposed the adoption of the report and accounts as presented.
Mr. JILLINGS seconded, and the proposition Was agreed to.
It Was
two steamers built each of which would cost at least twenty-six millions, The Lusitania" and the "Mauretania " for which the Canard Com Mesers G. C. Moxon and E, H. Hinds were
would probably stand to book at a still higher re-elected to the directorate on the motion of pazy bad received a subsidy from Government Mr. PAIRE, seconded by Mr. ARNOLU,
by Mr. ARNOLD, figure. This could not go on for ever and, as, Proposed cuted Mr. JILLINGS, and agreed, that Mr.ading suppspion bed seeds eseblished H. Perey Smith should be re-elected anditzy.
The CHAIRMAN-That terminates the basta sort of community of interests by pooling ness of the meeting, gentlemen. Thank you freights and passenger rates, he thought they for your attendance.
might come to an agreement as to the building of new atsamera. His idea was, that they should
THE ANTIPODEAN.
He thought he saw the British Flest
-Drawn up in long array; He looked again and saw it was
The ships of USA.
"I wander Mother's ships," he said,
Don't advertise this way,” -World.
for every first class passenger pay M, 20, and
world, but it would suffice, în his opinion, if the more farseeing amongst them were to forme associations similar to the "Protection“ Claba "- already existing in England with the object of buying up old steamers at the low prices foreigners were in the habit of paying and of
up afterwards. It breaking them
if consistently obvious that such solipo, carried out, would in the course of a few years greatly improve the s'ate of the shipping trade generally.
W88
THE VOLUNTEER · CAMP.
Besides being guest day, yesterday was a holiday in camp, and the Volunteers devoted themselves to sport, a good programme being drawn up for the afternoon. The attendance. of visitors was the largest on record this year, and the Volunteers made them feel very much
home in the amp.
at
The various events in the sports programme resulted as follows:
Polato race: Mr. Young 1; Mr. Chanyut, 2 Boot and putty race: Mr. Ellis, 1. Tenta race: No. 1 Co's team, 1. Staff Instructors' rács; Yin Kee, 1; Ser geant Dowra, 2.
Maxim Gun Laying: No, 2 Co., 1; No. 3. Co., 2.
Tag-of-war, six aside: Won by No. 3 Co's, team composed of Privates Gray, Darby, Bider, Theid, Wheal and Captain Armstrong.
Wheel barrow race: Messrs. Clements and
Three-legged race: Corporal Loraine and Chanyut, 1; Mestre. Gregory and Brows, 2.
Private Summers, 1,'
The Rule the side football unpoti... tion had unfortneately to be pospoued owing- to the barsting of the bladder of the football. This match will be played later at Happy Valley.
J
At the conclusion of the sports Mist Chap-
for every other passenger M. 5, into x common man, who was presented with a handsome fand for the purpose of purchasing and break-bouquet by a Volunteer officer, distributed the ing up all old express boate fi the Alantis prizes.
trade that no long or paid their way and in order
"The Volunteer Infantry will strike camp
to be kept going only led to an excessive number early this morning, and the Artillery at noon,