SAINT-RAPHAEL
TONIC, RESTORATIVE, DIGESTIVE WINE Vory palatable.
Known throughout the world and prescribed in all cases of Anaemia, Debility and Convalescence, to y~*~~ ̈ ̈ ̈amen, chlidren and the aged. Invaluable in hot climates.
DOSE : One wine-glaan after the two principal mails.
Each bottle of genuino VIN BAINT-RAPHAËL bests, in addition to the registered trade-mark:
(1) The WARRANTY STAMP of the UNION DES FABRICANTS.
(3) A METAL BEAL advertising CLETRAS.
is a MELISSA and MINT "cordial.
CLETEAS which surpasses all others by its
purety and faultless preparation. To be taken én a lump of sugar.
COMPAGNIE đủ VIN SAINT-RAPHAEL, Valance (Dröme-FranGE); AGFNTS:- CALDBƑČK, MACGREGOR & Co., HONGKONG.
Wright & Greig's
"Premier"
Scotch Whisky.
JUST THE SAME AS YOU GET AT HOME IN SCOTLAND.
WRIGHT & GREIG, LTD., Dallas Dhu Distillery, Forres, Elginshire,
Head Office: 64 Waterloo Street,
BY APPOINTMENT TO
Glasgow.
HIS MAJESTY THE KING.
BOVRIL
Tempts you to Eat and Feeds you. Whether at home, at the office, in the restaurant, or in the theatre, a cup of Bovril is easily and quickly procured.
ALWAYS INBIST UPON BOYRIL, AND SEE THAT YOU BET IT.
22222
By Royal Warrant to H.M. the King.
LEA & PERRINS'
SAUCE
is the original and genuine "Worcestershire,"
and is the ideal sauce for use with all kinds of meat dishes, fish, soup,
game, cheese or salads.
WORCESTER-
-the beautiful and historic city in the West of England where this sance has always been made, and whence it continues to be exported in ever-increasing quantities to all parts of the world.
THE HONGKONG DAILY PRESS, SATURDAY, NOVEMBER 27TH, 1909.
70-1
[1158-1
901-2
THE ANGLO-JAPANESE EXHIBITION.
FROM THE TIMES” TOKYO CORRESPONDEKT.
seing some of the most celebrated engineerings fests of old Japan, as well as miniature repro- dactions of renowned landscape gardens. The story of education also will be told by the aid of models, maps, and pictures from the temple where aftoas the ohildren of the shoola, gricultural, commercial, and industrial classe Preparations for the Anglo-Japaness Exhibi- could learn to read and write in former times,
to
the great medieval libraries of Kanazawn tion have now been progressing in Juan for many months, and it is possible to predict with and Ashikaga and the fondal colleges where Soertainty that the resulting display will be very the seeds of bushido, sown in the family sirele, remarkable. The space occupied by the exhibita grew to be lusty plants. From there the will be 242,700 square feet. On more than illustrations will pass to the channels through thirty occasions Japan has taken part in ex which Wastorn sciences filtered slowly into bibitions abroad. Her greatest effort was at Japan by contact with the Dutch, and will St. Louis in 1904, but the space there allotted finally extend to the whole field of modern to her was only one-half of that allotted in education. The big cities, too, will speak for London for the purposes of next year. The themselvea Tokyo will show the various stages programme is inspired by a comprehensive, ait of its growth: Osaka will set up models display. development ita wonderful manufacturing progress in
ing tive and the commercial, will marshal choice examples of the various productions of their artists and artisans porcelain and pottery, lacquers, oloisonné end eloisonless enamela, bronses, diver cantitate of other objects. paper, bamboo work, fans, and a
represente Forestry of course, will be and the choicest timbers in Japan as as Japanese methods of carpentry architecture will appear in a large model of the celebrated palace built by the Taiko at Momo yams and Ierolied to the ground by his orders a few years later. Finally the programine om- braces an exhibition of all the animals found in Japan and of the methode of hunting thexa. It will be seen, in short, that instead of a mers miscellany of products and manufactures, the Japanese section of the exhibition will be de- signed and arranged so as to afford an intelli great conception of what Japan was and is.
It not limited to showing the wealth modern times, and both capitals, the adminighra.”
of Japanese culture, industry, during the present generation. The idea is fully to open the pages on which the progres of Japanese civilization in written. With that object the exhibits will be devised and arranged so as to illustrate the history of Japanese literature, religion, military and naval organic tions, communications, administrative systems, arts, and sciences, The London will be able to sea a miniature representation of what Japan war from age to age and what she has now come to be. This plan has not heen in any sense of the nature of an afterthought. Conceived from the outset by the managing committes, it was minutely explained to intend ing exhibitors, receiving their full approval and securing their hearty co-operation, so that the preparations have been animated through out by an intelligent purpose...
THE HISTORICAL SECTION.
RUBBER SHARE OPTIONS. THEIR ISSUE AS PROMOTION PROFITS.
INTERESTING COMMENTS BY THE "RCONOMIST.” -
and
The Economist of October 16 has an article on the growing practice of issuing options on shares as part satisfaction of promotion profits. and it may be remembered that we draw atten tion to this in our comment on the Merliman promotion. The system, as the Economist says, has rapidly risen in popularity and has come to the front great deal of late, in connection not only with rubber issues, but also with West
companies. It is, of course, no now thing, although only within the past half-year or so has it attained any degree of fame.
in
Twelve halls will be devoted to the historical display. At their entrance there will be a reproduction of the red-lacquer gate of the Kaenga Shrine. It will have on either side sorridors into which the balls will open, and along these corridors will be placed rows of Japanese pillar-lamps (tors). Hall I. will be devoted to exhibits illustrating most ancient times that is to say, the period anterior to the eighth century of the Christian era. Hall II. will be devoted to the Nare epoch (509-784 A.D.); Halls III, IV, and V. to the Heian epoch, the period between the removal of the Court to Cyota (794 A.D.) and the the fall of the Fajiwar Family (1050 p.); Hall VI. to the Gempel spoch (0.; the short interval of 30 years 1156 to 1185-which witnessed the struggle between the Houses of Tairs and Minamoto); Hall VII. to the Kamakura epoch (the period from the establish ment of the feudal capitalat Kamakura in 1193 toricas mines, and a certain number of Kafir the fall in 1333 of the Hoje Family); Hall VIII. to the Ashikaga epoch (1338-1565); Hall IX to the Momoyams epoch (1570-1620); Hall X. to the Tokugawa pook (1620-1867); Hall XI.
On the face of it, the granting of options will contain a pavillon for the Tea Ceremonial, as well as all the paraphernalia of the latter; at par over shares in a new company to the and Hall XII. will be divided into 12 sections, promoters of the venture by way of their the contents of which will be arranged with the remuneration sppears to be an admirable method object of affording a bird's-eye view of all the of securing the interest of those promoters epochs in close proximity so as to facilitate the success of the company. It means; or ought the sacoers of the undertaking; other comparison, atensils, puppets, and pictures to mean, that the profit of the promoters must
прод being freely employed for purposes of illustrareat tion. Practically all the great collections of wise there will be no value attached to calling Japan have been placed under contribution the shares at par. If the company prospers and for the purposes of those 12 halls, and thus pays good dividends, the shares will advance in visitors to the exhibition will have an oppor. pries, thereby making it worth while for the tunity not only of learning the successive stages promoters to exercise their call, and to sell the of Japan's civilisation, but also of examining shares in the market. This is how the matter will appear to the average investor who sees I uges. authentic specimens of her art in all
it stated in a prospectus that no promotion ARTS AND INDUSTRIES. The other halle are to be filed with modern money will be paid, but that a call of shares products, but here, too, additional interest will at par has been granted to those instrumental be imparted by devices for showing Japanese in the formation of the company. Thanks to methods, A brief reference to the exhibits in the absence of such promotion proât, the capital worth, the insiders each section will explain the scope contem looks invitingly amall, and it seems obvious that plated and the plan followed. Thus in Hall if the call is to become of any XIII, the central exhibit will be dyed goods, must do their utmost to raise the concern to and the concomitants will be embroideries, such a level of prosperity as will induce the public to bay at s premium, of which the prome woven fabrics, screens, carpets, figured mattingsters will be able to take advantage by calling the and cognate manufactures, all selected so as to
by conray an idea of Japanese specialties. One abares, and selling them at a profit. Some embroidery deserves special mention. It is a result of this kind was no doubt anticipated reproduction of the last picture painted by whoever invented the method of rewarding Kano Hagni, and the embroiderer is promoters, and quite possibly the pioneer of the Mr. Sugawara, working to the order of business might ruh his eyes in astonishment at Mr. R Kondo, president of the Japan the developments that have arisen out of the ex-
- WHERE DANGER LIES. Mail 8.8. Company. The picture is an al collently conceived principle.
The mischief first aross out of the issue of legorical representation of the creation of man Kwannon, Goddess of Mercy, drops from her phial a bubble within which a new-born child what are known as option certificates, An appears with folded hands in a postare of option might appear to be a thing too intang veneration The artist has arrived at mostible to negotiste like stocks or shares, but this delicate effects of atmosphere, clonde, and initial dificulty has been surmonated by the freedom not much less drapery. A mora difficult subject for a worker creation of transferable option anrtificates, dealt with wilk and weedle would hardly be conceived, in by the rusrket with
than 18 allowed to the share themselves. and indeed Sugawara, beginning it on June 2, 1906, did not finish it matil July 12, 1909, Quotatious for these options are regalated sing 12,100 different shadea of allk and 12 movements in the shares, and as the media of gold thread. Bach achievements will remain of speculation the options are frequently possible in Japan only so long as highly skilled favoured. The options having in most cases n experts are willing to tell for the wages of a good time to run, there is little attraction for the bolder who can deal in certificates to common labourer in the Occident.
all the shares which they represent. He soos brisk market, he knows that the price of rubber is strong; why should he trouble to call the aluares and pay for them, when he can the gamble in the options to his heart's content ? company, however, may want the money represented by the option shares. The pros- pectus haring boon framed on modest lines as regards capital, more funde become necessary na the company proceeds, but there is no machinery whereby the company can force the payment of the option money, which would be valuable.
THE OPTIONS CHANGE HANDS.
PREMIUM BONDS
WE are the largest Dealers in the world in these attractive sacurities.
WHAT ARE THESE BONDS?
They are high-class and absolutely safe securities, payable to hearer; issued by the various Governments and Municipalities of Europe; they are rodeemable at periodical drawings, either with Cash Promiuma varying from £40 to £40,000, or, at the very lesat, at their full nominal valge. EASY PAYMENTS.
Wo sell these Bonds Blugly or in sombinations of the most advantageous ones, payable by convenient Monthly Instalments ranging from 15s, to £20. Write for Handbook, sent post free. MELVILLE, GLYN & Co., Bankers, 3, Bue de in Bourse, PARIS (France)..
TRADE MARK
E
QUALITY
TRAIL HASUS
WATSON'S Scotch Whisky
VERY OLD LIQUEUR
Alwatsony
HONGKONG CHINA & MANIL
ESTABLISHED A.D. 1841
A GIFT FROM ENGLAND.
(1024
[907.
PEACH'S LACE CURTAINS
FREE!
Parcela dospatches! by every Mail.
Given way. LACE TABLE CENTRE. Sent FREE with Catalogue and Buyers Guide of CURTAINS, MUSLINS TABLE LINENS, DOWN QUILTS, CARPETS, BUGS, FURNITURE Knockdown makes for shipping. LADIES COSTUMES. UNDERWEAR, Grasp SHOES, GENTS CLOTHING, HOSIERY, BOOTS, etc. the fact that though miles away you can buy DIRECT FROM OUR MACHINES at first cost.
Experiance of 50 Years back of every pair. World wide reputation. Patentoes of "CONTRENET" Curtains last longer, cost nu more. Customers order regularly from the most distant parts of the Empire. Instructions carefully carried not. PATTERNS FREE.
Half Qranty 14/ CHINA MAIL PARCEL 27/6/
2 pairs for Bedroom, dainty design,
length 24 yards width 43 inches.
2 pairs Lace Curtains for Drawingroom, length 3 yards width 60 inches up-to- date pattorn. Ribbon and Floral. 2 pairs for Diningroom, durable quality,
length 3 yards with 54 inches.
2 Lace Cushion Squares.
Hall Parl
2 Covers for Sideboard, Piano Top or
Tollet Table and 10 small-Mata-
High in Quality. Low in Price.
Let us Ship you a Farcel. Do not wait.
Writo to-day for valuable information. Testimonials sent from Customers in your District, Price Lists only cau be obtained at the Office of this Paper, if you want the FREE GIFT send direct to...
SAML PEACH & SONS, Box 694, THE LOOMS, NOTTINGHAM, ENG. China Mail Parcel sent post free in White or Bern.
Nort to Hall No. XIII. will stand Hall No. XXI., which has four sections for mining, agriculture, marine products, and articles of
would have to be called before they could be food and drink. There is not so much intitude for novel conceptions in the department of
Were there no option certificates, the shares at least some of its money if the shares stood at mining, but, in addition to specimens, maps and statistics, the methods of taking out and
dealt in, and the company wentd in this way get a premiam. Another plan which suggests ore will be shown by means of models refining electrically worked. Silk, which, from an international of view, is Japan's most
itself is that options should become enforce. the shares of a certain price in the market The apex mines attached a condition somerhat important agricultural product, will constitute
able, or lapas altogether, upon the attainment
similar to this in making its last new issue, and highly attractive exhibit. Every process, from sweeping the egg-cards to taking the woren
Certainly the prosparity of the company it was provided that if the quotation for the fabric off the loom, will be accurately displayed
means of models, while from the reeled means the advantage of the option proprietor; existing shares made up at, or above, a fixed silk sent by 160 leading members of the Sari- but the latter is in all likelihood no longer level on two consecutive garry ores, days, the new issue had to be exercised or forfeited. That cultural Guild of Japan and from the cocoons the promotor of the undertaking; he is some sent by 100 members a Fon 20ft. high will speculator who has taken the option shares options granted to the shareholders over the The proviso of one kind or another should, in the be built, with the river of the same name from the original allettes, and has no par-
interests of the company, be inserted whenever running at its base. Japanese methods of ticular Intention of calling the shares. farming also will be illustrated by lay figures so distribution of the option certificates need
ised is misnifest, for if some such safeguard is that visitors will be able to see what the life of present no great difficulty when the subscrip- options are granted and option certificates an agriculturist involves in Japan from season, tion lists are closed so rapidly as to give the te sesson. In the realm of marine products public little chance of taking op the issue of Aot applied a company might find itself badly shares commanded a high premium in the there is much to attract attention. The many sharos. A good premium established on the handicapped for lack of funds, even though its curious fish peculiar to Far Eastern waters; the shares by the people who have secured this culture
of artificial with obrmerants; the development of faning bulk of them, what can be easier than to of Japanese market the option certificates, at a respect- It looks a good gamble, and vesela, from the primitive dug-out to the able figure? modern atramer; the implements used in the the public hasten to buy. But the company ing all these are interesting and will be quite derives no penny-piece of benefit unless the novel to many visitors. There will be one ball No. XXIII. devoted to exhibits from Formo , the leased territory in Kwantong, Korea, and the South Manchurian Railway.
A FEUDAL FORTRESS.
ed were only its option shares to be called by the Poopla holding the certificates.
market, and its capital could be amply replenish-
TASTELESS) FORM
THE NEW FRENCH REMEDY. THERAPION
TRADE
MARK
This exccessful popular restedy, needle continettal hospitals by Ricned, Kostas, Jobert, cipose and olbars, surpasses everything hitherto employed.
option shares are called. Its operations may be cramped for wait of capital, yet it cannot demand the calling of the option shares, which are being largely dealt in through the agency of the option certificates. The promoters benefit, at the ultimate expense, as usual, of the company and its shareholders. It is not to be supposed, of cause, that the procedure just mentioned happens in all cases; rather is it by example of how the notion of aneretlent theory can be perverted, logically enough, by the facilition rescues servanding Infections, the afforded through market dealing in option certificates.
Two halls, Nos. XXIV. and XXV, will be assigned to the army and the navy respec- tively. In the former's section will stands model of Kumamoto Castle, with its towers, it battlements, its meats, and its trace indented for flank defence an example of the feudal for tresses of medieval Japan; and there will be specimens of the weapons and armour used
FOSSIBLE REMEDIES. in all ages, as well as pictures illustrating old
Remedies for what night tura into a fashioned tactics. The department for the nary is to exhibit models of the fighting jaoks aggravated evil will suggest themselves at ones, of
antiquity and the changes they gradually The point to aim at is the supply of the underwent down to the battleship Kurama, company with the money represented by the cently launched, and there will be charts show options. If that is achieved, the gamble in the ing the growth of the navy in modern times. A shares will benefit or hurt only those engagel in place in this hall will be appropriately assigned it. The company except perhaps indirectly to exhibits from the Red Cross Society of Japan will be neither the better nor the worse off for and from the laboratory of the renowned it. Some method of compelling holders of the bacteriologist, Dr. Kitasato, Hall XXVI. will options either to exercise or forfeit their call. be devoted solely to works of art, ancient and must be found, and one way to compass this end modora, but an opportunity will be afforded of would be to make the option non-transferable
in a remarkably short time, diten & few days only. Cose of which the imearable arm by buying the foundation of stricters and other wedloga d'acaso.
THERAPION NĚ. 1
THERAPION NO.2
for blood point, had legs, spots, blatches, eczema, I pain and swelling of folatry secondary sympt
siceration E gout, rheumalam, &e. It purifes the whole system through the blood and thoroughly eliminates el polsous matter in the body.
THERAPION N: 3
forerhaustion, & Linse "ased up, feelings resulting from dupation, worry, verwork, excomes, &c. It Egassesses sarpeling power in resto:log strong th
guir to those sufering from enervating dis- aces of one medence in bo unhealthy climates. se quizable of procal THERAPclic Medicideca. Es verstock Chest Pino oficion. Price in England 2/9. .
The above Trade Mark is a facsimile of word R&Fasitappears on Britisk Goverovat Stang affixed to every guerline package.
KEATING'S
LOZENCES
Rasity Oura THE WORST COUGH Ora gives relief. An increasing sale of over 80 years is a coștain tast of their marvellous valve.
SANTAL MIDY
These tiny Capsules -superior
to Copaiba, Cubebs, and
Injections cure
the same diseases as these drugs in forty-eight hours without inconvenience.
- Each Capenie boses the mama
FOR DISEASES OF THE ONEST,
GRIMAULT'S
&
[426-2
SYRUP
OF HIPO-PHOSPHITE OF LINE. Prescribed in France for the lart 90 years. It retalia Ita zoputation for COMPROMITION, OBSTINATE COUGHE, -Cozza, DiszaNES OF THE CHEST,
Lungs, and Brosquiat TUBES,
122-2-6