SHIPPING NOTES.
THE HONGKONG DAILY PRESS, WEDNESDAY, DECEMBER 29TH, 1909.
owners to confine themselves to the coasting trade. In the next place, according to Herr are personal interests, We learn that the Chiye-maru is to go into Haldermann, there dock at Taikoo, and while there cortata altera- always anxious to bring about the passage of“ tions will be made in order to provide accom-, subsidy laws. This he declares to be the main modation for a Post Ofeo on board. The reason alike for the growth of the principle
CHINESE REVENUE AND TAXATION.
FROM THE "TIMES" SHANDHAI COBRESPONDENT.)
CO..
LTD.
dirvet taxation of the individual for Imperial | FOREIGN TRADE OF CHINA IN 1908. purposes is beyond the present organization and powers of the Centrul Government; The statistical department of the Imperial ROBINSON PIANO secondly, that every additional burden imposed Maritime Customs lias just issued volume one upon the trader merely serves to make the of part III of the Returns of Trade and Trade country's financial condition more desperate; Reports for 1908. Part III is an In disenssing the revenue of Ching it is and thirdly, that only by increasing exports the foreign trade of China, and the volalysis of dan a fiscal policy "bo establishod; or, in published deals with the import trade of Chine those barriors, last yes. The details given confirm the un- Chigo-maru is to run an official trial trip when and the difenlty of fighting it successfully, necessary to bear in mind that, generally offor words, only by aries, pen which favourable general report made on last) she reaches Nagasaki, and in view of the time He points out, too, that at a time when the speaking, the Central Government's receipts aqueezes, and irregular which will be taken up by the trial she will not? United States is trying to put down Trasta and morely represent the actual requirements of the the present system of administration and its imports; of the thirty-two foroiga - countrież Emperial Household, the Manchn Administra "loyalty" to Foking depend. The excess doing business with China, twenty-ons kont railway preference, it is just a little ironical tion, and the Metropolitan Boards and Burcaas. imports over
foods are actually remitted
140 (394 by the
gainst 276 in 1908 ***
not goods of less value and eleven (Hrusia counting HIGH
thres) goods of greater valna than in the your provinces to generously subsidised merchant marine.
tenance of the Court, its dynastie
call at Shanghai on the way up. The Chigoma
45
the move
your'e
is expected to arrivo at Nagasaki on January that there should be so much anziąty to set up a Whatever Poking are need for the main ments of treasure show ten millions of gold 1907. The net import in 1903 was H. T. 394.
Perhaps the most interesting part, of this and the frontier defencoa of Manchdencies, exported-one of many factors required to 505,478, against Hk. Tls. 416,401,369, in 1907
ín
Blon
adjust the balance of trade. These facts ore Bulcient to indicate the difficulty of the ana cial situation and of its reform
Bongers. The arrangement is one which we do Bofore this wish can be realised it may perhaps perity, amounts to the distribution a diferent; the provinces have had in war.
not doubt will be much appreciated by the
passengers.
⇓
*
An interesting allusion is made in the report of the P. and O. Company to the Siberian Rail, way and its influence on passerger traffle to the
A significant step, indicating that business Far East. Early evidence as to the working of mon regard Tariff Reform as almost accem- this line was not altogether favourable, and the pliated, is shown by a resolation passed on the aumship companies were disposed to hope that 7th inst. by the Liverpool Steamship Owners' it would not prove a very seridas rival. But Association. They decided to ask the Dock the conditions have evidently been much in Board to make certain arrangements, in antici proved. The P. and O. Company now acknow.pation of a Tariff Reform Gororament coming Tedge that "in China there is an awkward and, into power, to provide the additional accom- in fact, almost impossible opposition to contend modation, for the examination and opening of
vi
of
It is interesting to note the large share takon in the import trade of China by Great Britain and her dependencies, and the decreased trade donc by all European countries with the exception of Russia, Norway and Sweden. Increased busi noss was done with China by the following countries:-
Isnd frontier
oto.
KAS
.
1907
Hk. Th
29,131
1908. Jk. Tlk
131,795
3,033,454 885.220 5,487,256
36,903,476 41.245,705 1,130,374 1,202.661
777,952 796,506 5,347,638 5,418,410 6,135,756 6.385,078
Russia, European ports. Russia and Siberia by Russia, Pacifin parts United States, including
Hawaii Canada ... Australia, New Zealand, Singapore, Straits, etc. Dutch Indies Turkey, Porsin, Egypt,
Adon, Algeria, olo, ... 96.637 112,440 Norway...
25,703 53,543 Sweden...
92,206 110,531 The following countries sold less goods to China last year than in the previous twelve
the as set out
Hongkong.......
Macão
امل
Siam... British India
French Indo-China ...
with in the Biberian Railway, which is now packets which will be required nader, a tariffa country." I shall refer to this edict their exhaustion, the latest and most desperate Great Britain
working with considerable regularity." A hope system,··
ад
46,902
SPECIALISTS IN
CLASS
PIANOS
BY THE
LEADING MAKERS.
JUST UNPACKED :
BRINSMEAD
WERNER
RACHALS
KRAUSS.
10th, and the official trial will take place on the 13th. She leaves Nagasaki the following day.
gelis, and Turkestan. Nothing of these ra That means a delay of four days for passengers German publications is its consideration of the mittaneas ever finds its way back to the tax at Nagasaki and the Company has 1411-
remodics. It states that Gorman shipping payers, either in administration or public works;
Setting aside naimpeneticsbia for the monont mounecil its willingness to pay the hotel expects the Canaan Government to watch those while, over and above them, escla province the possibility of direct taxation in any of the
defrays its share of the debt and
foreign expenses for first-class passangers, if they like subsidy movements carefully, and, in making for such military, police, and executive activities Finance, we arrive at the inevitable conclusion
page
formas academically discussed by the Hoard to stay on shore, at the rate of ten yen per diem.commercial treaties, to stipulate that the German as the energy of its seal officials or the public that the first essential towards financial reform Or if 1st class passengers wish to go to Kobs or flag shall not be exposed to unfavourable treat-anties of the Board of Finance have in the which all makeshifts are equally futila. The of its people may call into being. The lies in reform of the administration, withont Yokohama by train to rejoin the steamer at
mont abroad. Next it is suggested that the past bean, confined to seeing that the Man barden imposed upon the country by the indem either port the company is prepared to pay first- eless railway fare, including sloper for Kobe with great shipping nations should combine to chu pension fund and other customary nity which followel the war with Japan (1895) prevent the unjust treatment of their flags by contributions to the Imperial Exchequer are was but little felt, because, having lost her two days hotel exposes at the rate of 10 yen foreign Governments. An understanding be remitted each year under a system which, to navy, China was no longer under necessity to per day, or to Yokohama with one day's hotel tween Great Britain, and Germany is even judge by the memorials of Viceroys and provide funds for its upkoop. But with the
Governors, is axpenses, according to the desire of the pahinted at as by no means a remote possibility.
hopelessly involved, but which, Boxer" indemnity the casa has beau very liability, along ever-changing lines large proportion of the new barden, and in spito be necessary to remove the belief, which is of greater or less resistance, Government of many and new devices for squeezing the well. widespread in this country, that in some way yet exist in China; the central authority does been increasingly severe.
finance, in our sense of the word, dons not sached orange of inland trade, the pressure has Various expedients thor German railway rates are reduced for the nothing for the people boyond appointing the have been adopted, in addition to an all-round "officials whoso duty it is to keep the peace increase in lern and lot shut taxes, all of subsidising of Germnu shipping.
and anything they may make out of it. One which, while temporarily augmenting the of the consequences of this system, in the words Vicerogal revenues, have At the Kame memorial recently submitted by the time, permanently multiplied the number of a between the provinces and the capital are throughout the land. When the sale of official Government Council, is that "the relations of hungry tastos, deputies and ganen clerks
characterised by deceit and mutaal distrust, reuk had reached a point which provoked publie and the Board of Finance is kept in ignorance," ridioule and contempt and had become impos. from which the Council concludes that financial sible, lotteries and the wholesale minting necessity, must be preceded by "mutual allow to meet the needs of the provincial troaenries. reform, admitted to be a matter of argent debased copper currency served for a time ances made in united solicitude for the welfare Deprived of these resources by process of of the
in another place,
remedy consists in the independent issue of article published in The Times of provincial
whole chaotic fabric of me January 29 last, I showed that the service of unsecured, money, uncontrolled and China's foreign loans for the current year oalla tropolitan and provincial fhance is in fact, pro- for payment of £7,427,450 in gold, or, roughly, eceding on the principle of après nous le déluge. 60 millions of taels. At a time when the Central Looked at in the light of these facts and Government is proposing on the one band to figures, the Chinese system appears as an enor- divest itself of its opium revenues (the Imperial mous and complicated machine which, to pro- Maritime Customs collection under this heading, vide fanda sufficient for the needs of the Court duty and likin, was 7,672,184 table in 1908), and, and its Manchu pensioners, covers the Empied on the other, to raise new foreign loans for with a network of irregular and undefined An extraordinary general meeting of share naval armaments and for the construction of taxation, upon which battens, & locust bordo. holders in the above company was held on the railways under parely Chinese management, it of superfluous officials, underlings, yamen run- 21st inst. at the offices of the General Mannis interesting to ascertain, so far as we can from pers, and professional "squeezera" gers, Messta Jardine, Malleson and Co., the limited data available, the amount of the kind. The fact is clearly recognized by all con Shanghai, for the purpose of confirming certain annual income Peking may expect to draw from cerned, and particularly by the Chines Press; Philippine
nevertheless, of all the reformis Suggested by the Sonth Americe resolutions passed at a recent extraordinary all sources meeting Mr. David Landale presided, and there The best known authorities on this subject, Board of Finance, none have as yet recognized South Africa (ingled. were also prosent. Mosers. A. McLeod, R. E. whoes reports have been drawn from Chinese the simple fact that the comotry's availableng Mauriting).... Clark and Yes Qaai-yen (consulting commit. official sources, are Mr. E, H. Parker and Mr. revenues would be amply sufficient for its toe), J. A. Wattie, H. de Gray, G. R. Win George Jamieson, both retired members of his if this army of squeezers were disbanded and grove, F. J. d'Almeida, J. Kerfoot (Mill Majesty's Consular Service. The latter's their activities directed into productive channels. Mannger) Duncan Mos till (Legal Adviser) report, which was issued as a Farliamentary To increase the import tariff (as is now proposed) and A. Brooke Smith (Secretary).
At the request of the Chairman, the Score Paper in February, 1897, has beon widely quot or to impose stamp duties, taxes on rentals, or and Great Britain took the largest quantities been a first time when it occurrod to me that
ed; its figures were used for comparative any form of excise, would, under existing condi. purposes, and confirmed by Mr. Parker in a tions, simply involve increased waste and now summary of the situation compiled just before opportunities for peculation, and lead to the the outbreak of the Boxer rising. Mr. Parker's further impoverishment of the people, final statement of the permanently reliable sources of revenue for the 18" provinces (excluding Manchuria) for 1896 is as follows
Foreign Custome... Trels 21,482,000 Land Tax
25,887,000 MOTU *
12,600,000 3,360,000 7,420,000 1,960,000 3,856,000
Taels 88,495,000
Is expressed that this great highway will induce
DR increase in the number of travellers whic
PUBLIC COMPANY,
will use the ses route one way and the land ronte the other. This, it is added, seems a not improbable outlook in the future. In this way, THE EWO COTTON SPINNING AND quite possibly, matters will right themselves to a considerable extent.
*
⠀ The case, mya a contemporary, is a reminder that the direct milway line is not necessarily the friend of the steamship company, since the public insist upon taking short cuts across the land where it has the opportunity. The impending completion of the Traus-Andina Railway may possibly prore another instance in point. Passengers will be able to get to the West Coast of South Amerien without traversing the Istlimus of Panama or passing through the Straits of Magellan, and a cenderable diversion of traffic may be an eventual result. The Australians, again, are looking forward to a time when their rails will not always go vid the Suez Canal to Europe. Cue of the Common wealth newspapers, discussing the probability of Tailway extension to the utmost, print witho Malay Peninsula, declares it to be "quite possible that, within a comparatively short space of timun, we shall have an overland service, vid Chins, its which case Port Darwin would be by far a noarer point than either Albany or any of the other ports now touched at by our mail steamers." But this anggested diversion scarcely serves to frighten the steamship companies as yet.
In anticipation of ship subsidy legislation in the United States, the American Commissioner of Navigation has drawn up a formidablo list of mail subsidies, Admiralty subventions, and navigation bounties paid by olhos maritime nitions. He makes out a total of upwards of £9,000,000 a year, and by throwing in the cost
WEAVING CO., LTD.
tary road the notice convening the meeting.
The CHAIRMAN and the shareholders were aware that this meeting was merely a formal one, called to comply with the Hongkong Or disces, and Le need do no more than ask extraordinary mosting held on the 26th them to confirm the resolutions passed at the November,
wore then Tha confirmed:
following.....
santions
RESOLUTION I (af That the capiunt at the Company volu creased to Tiu. 1,500,000 by the creation of 5,000 new shares of Tis, 100 each to be called preference shares and to confer on the holders thereof the right to a fixed cumulative pre- ferential dividend at the rate of 7 ger cont. per annum on the capital for
the
Likin
Natire Customs Quota Tas Native Opium Miscellaneous
BIR ROBERT HART'S PROJECT.
of every
needs
Denniark
Netherlands Germany... Belgium France
+
Spain (including Glib-
raltar) Portugal Switzerland Italy Anetris and Hungary Kores Japan
(including
Formosa)
Islands
political opinious of the members of any club with a great political tradition. But-oh, yes -they all have talents. It is, to out short a long story, a.club which exuote and deserves my most stocare respect.
1907. HI, Tle. 155,642,016 5,844,116 9,216,816 631,355 32,913,847 77,562,700
1908. Hk. Tls. 180,252,300
5,822.398
2,687,199
INSPECTION INVITED.
30,499,855
136
72,560.900
509,562
16,177,400
1,318,528
10,581,058
192,647 14,039,232 1,278,023 8,449,883
3,158,626
2,403,459
2.008 6,453
85,099
508,813
1,525,966 1,494204
67,461,410 2,576,953 67
1,612 1,309 71,846 508,524 1,136,828 1,320,296
52,500,960 1,906,725 11
540
But it is a great nuisance. Perhaps I am, as get, the only member who has found this out. I hope that may be ro, But, if it is, that does not alter the fact. It has not suddenly become a puisance. The thing and the conviction of the thing have been forced gradually upon me. Once on a time few things could my make me so happy as a lunch or a dinner at club: That was before it was my club. Later, it was still vastly agreeable to find oneself walk- ing along and to turn in to the cab." It was pleasant to sink into one of the deep armchairs, to ring the bell, and to say "Tea and buttered tonst," to eat the toast-excellent toust-when it was brought. That was all very well. But disillusion was on its way. I do not well re- member the first time, but there must have
gave in
out, in the slightest des His prong Buitenho, Newchwang, Chinwangtao, Kiaochow, which were no more than surmiso.
time being paid up on such shares, and suck 16,800,000 taals to China's liabilities for the bears eloquent testimony to the solidity Souchow, Hauzchow, Wenchow, Lappa, Kong idol's feet and laid bare the day: and, like him,
preference shares to rank both as regards capital dividend in priority to the other shares but and to confer any further right to participate in profits or surplus assets.
(b) That the said preference shares shall not confer any right of voting at any general meet- ing of the Company nor shall they qualify any person to be a member of the Consulting Com-
The Boxer rising added an annual charge of service of the indemnity loans. This burden was apportioned to the 18 provinces in various acts, raging from 23 millions per anno for Kiang- to 300,000 taels for Kweichou. These quota are more or less elastic, one of the most confusing features in Chinese Govern ment finance being the constant borrowings and lendings between one province and another which appear to depend as much upon the *Full which individual Viceregs and Tres-
8
What
130,580 'The total vabis of the re-export of foreign goods to foreign countries was Hk. Tis, 15,049,175 in 1907, against HL. Tis. 12,670,293 in 1907. Russia, Korea, Japan, Hongkong
it was a waste of time, even
A foolish of these goods.
The table of the valtios of the direct foreign waste of time to take a considerable journey
in the
bowls of the earth to omorge import into each Customs district shows that out of a total gross import of Hk. Tl. 409,554,653, from a tabe station and walk through some goods of the vaing of Hk. Tis. 176.196.782 were small streets with a rather festive air, in. Five years ago, recognizing the necessities received in Shanghal, compared with Hk, T. order to be able to pretend to myself that forte and dangers of the situation, Sir Robert Hart 192,755,079 in 1907, Hr. Tls. 222,034,251 in 1906, via saora I found myself passing the club, and turned in to it." Little by little this con- submitted to the Chinese Government a scheme Canton and Kowloon received more goods than for placing the land tax on a footing of honest in any of the four previous years, namely, Cantonviction and suit to my conscience, Very well, of folly overcame me until at last I administration. Easing his estime izate, 503006194 and Kowloon Hk. Tis. showed that, under an effeient system of ecl-21,232,415 in 1908, against Hk. Tls. 38,919,61 The war-I daresay you are right
Hk. against bitter sarrender. lection, the Empire weald derive a revenue of 1907: Hankow, Hk. Tls. 20,753,145
And mark its consequences! A new bit. serie 400 millions of taels from this source, Tls. 19,404,900 in 1907. Tairen showed a remark.
terness has been added to life. My club is out which, in his opinion, "could be collected with- able increase, Hk. Tla 17,215,936 in 1908 com..
damaging pared with Hk. Tha. 10,143,892 in 1907. Of the of the way for me, it is not very useful to me, or inconveniencing the
other ports Antung, Tatungkow, Manchouli, it is become a nuisance. These are facts now the people.
I feel were fercely attacked by the Viceroy Chi-tang, whose memorial on the subject Changsha, Yochow, Kiukiang, Wuhu, Nanking, like the wretch who has scraped away at his of the official phalanx when its vested moon, Samshu, Wuchow, Kiungchow, Pakhoi, I hate myself for the wretch that I am. interests are threatened. A more childish Langohow and Tengyueh received increased. is more, I have given up going to the club. Values of importa as compared with the No longer do I take those laborious and furtive document has seldom been published, even
Chinese State paper rarely has previous year, while Chefoo, Chungking, Iohang, journeys. No more I find myself passing and the cause of a nation's weakness been so Shasi, Chinkiang, Ningpo, Forchow, Amoy, tarn in to the club. Instead I go simply home. artlessly exposed by one of its highest oficials. Swatow, Mangtsz and Szenno showed decreases. Now and again I tako a meal at the club. That The Viceroy criticized Sir Robert Hart's The total value of foreign imports distributis when M. or N. has to bo entertained, and figures in the eague pompous manner which the ed through the forty-two different Customs when neither the ono nor the other is exactly literali affect; that they are well within the districts was Hk. Tla. 396,261,991, as compared the person who is asked to dinner at home. an opinion based on The figuras for Shanghai for the past four leisure and go, very solemnly, to lunch competent observers
at the elab by and with myself. To the conditions under years are a plain indication of the seriousness personal knowledge of which the Innd-tax is actually collected. Bir of The latest published statements of revenue
is painfully aware. This remark applies to pay as much as would keep a poor man for a (d) That of the said 5,000 proference shares by the Board of Revenue, giving complat, Robert Hart's projected financial reform of conditions, the existence of which everyons that exercise of privileges, for which I 4,000 shall be issued forthwith and that the returns from all the provinces, are for the provision for the one condition essential to several other parte, notable excepticus being month-and pauperise him, perhaps,
Shoes-amely, a gradual and systematic Canton, Kowloon and Manchurian ports. We I am pushed on by other hands and persuasions. remaining 1,000 shares shall be issued here- 32nd year of Kuang Hai (1906) The totals
am told that I ought to go to the club, that ara instructive as showing that the bardon of reform of the collectorate upon a system of give the figures of Shanghai, Tientsin and definite duties and adequate salaries. It re-
Hankow-the three first ports:
I must go to the club. Very often I protest after in accordance with Articlo VI. 5 of the
that I do not want to go there, that I do want new exactions on trade. The total rorenus, Articles of Association of the Company.
to go somewhere else, or that I have got my shall pay Tie. 25 on application and as regards.
2,87, 000 taels from Man form of direct lovy to which the Chinese people exclusive of
study to tidy up. Sometimes 1 prevail in mating, more often I go. But when I gat the balance due on any share allowed to them charis, is 99,420 000 teals. Is the original are accustomed, if not resigned that the shall pay the same when called on. Not less Chinese they are given (for purposes of amount of this tax, as now paid by landowners,
there it is by no means certain that I find the friends who make the club the club, whereas it then one month's notice ahall be given of any confusion) in three currencies-taels, dollars, is actually greater than the Chiness Govern
collection considerable ment's receipts from all sources; that to impose further burdens on trade is suicidal; and that the American merchant marine has gone such call.
is certain that I am troubled by the conscious- The holders of the said preference shares and cash. Of this
of Damounts under certain headings (especially land that in the absence buck because it does not get liberal subventions shall not rank for dividend as regards the tax 27,923,000 tools, and foreign Customas, administration,
any organized
meas that the head waiter is pained and grieved dicoot the imposition of
by my backsliding. So that the club has be- from the Government.
year commencing on the 1st November, 30,000,000 taels) are not received by Peking, taxation, even in the chief cities of the
come a unisance. Its vengeful spirit broods. Everything depends, of course, on what is 1909, and ending on the 31st October, 1910, bat are remitted direct either for service of the
Empire,
impossible, ag has recently been
over my serenor hours. If weakens my high mount by subsidies" and how you calculate but shall be entitled to interest at the rate of 7 foreign debt or forecast and frontier defences, demonstrated on more than one occasion.
cent, per annulo on any sums paid up dux and other Imperially-recognized purposes. The
dur.
spirits, and upsets my plans. It is a tyrant. Alvam, The Germans uppear to have-clourer-paid rear on the almares as from the actual emoant handled by Peking cannot In the acs of the opposition of the Vicoroys values of goods imported are fairly evenly dis have been more attentive, more unwearied, more Partly, no doubt, the fault is mine. I should notions than the United States Comunskaps
Lowever, both us to the figures themselves und ns to their date of payment. As regards satisequent year determined with any accuracy from existing proposals (was to be expected, and it may be tributed, which infentes that China hoa out anxious in the matter. Yet there aro extenuat-
the said holders of the said preformed shares shall rank for dividend on any sums paid up stress of information. Mr. Jamieson gives doubted whether, except under some nach down her expenditure on foreign goods in
the following estimates (1896-
general: It may be interesting to note that ing circumstances. Thors are the obanged system of that of the foreign Customs, any
conditions of our social life, which have shorn the commencement of any year and shall be
noticeably improvement would be obtainable. 4,347 picals of opium of all kinds were import all slab life of its elder glorios. If I am more entitled to interest at the rate aforesaid on any Metropolitan Administration, Manch sims paid up during the year as from the date
Garrisons, and Imperial Household 19,478,000 / The forea of conservatism and opportunismed into Chias in 1908 as compared with 54,475 domestic in tastes and habits than sono mem of payment.
remained end still remain, undietarbed, and, pisala in 1907.-N-C. Daily News. despite iscreasing difficulties, the Metropolitan Boards are continued over since to sendemic theories of finance, not one of which
zittee.
of the Royal Naval Reserve, credits Great time to time to create and issue further prefer, surers exercise at Peking as upon the actual / bounds of possibility, however, is the opinion with H. Tle, 422,838,533 in the previous year. Very rarely I anorifice nome part of my scanty
Britain and her Colonies with spending little short of £2,000,000. It is allowed that France is the worst offender, because she gives away - close un £2,700,000 annually, Compared with all this extravagance, the United States is, it is sail, content to pay less than £300,000 to American stoomers, and just under £230,000 to foreign steamers, for the carriage of ocean mails. The moral which is pointed is
(a) That the compeny is to be at liberty from
with the ax: 6,000 preference shares. enso shares ranking in all respects pari pussu
necessities of any given case.
LATEST RETURNS.
of
(e) Applicants for the said preference-shures the indemnity has been almost entirely met Dy | cognized the fact that the land-far is the only
Defence of Mancharla Military establishments in Kansuk
and Central Asis ...
Teels.
bu
1,848,000
4,800,000
no trial of the Inspector-General's
real meaning. There is just published by Herr Haldermann, general secretary of the Hamburg. American Line, a little book in which he set out, from official igures, the subsidies paid by the principal countries. He then averages them (9) Dividends on the said preference shares according to the gross registered tonyson of the the on at the Company's financial years. Lish an admittedly guesswork. Mr. Parker has so fat prolisced ning results. To these, and
paid in every year as soon as possible
viz., 31st merchant fleets of, with the follow
pute the Proposed by the UKAIRMAN and seconded byt about the the regular remittances to Peking to the Government's scheme for a National ing result,
Pondon. Mr. A. MCLEOD.
same total, dividing them into sab- Budget. I propose to refer in a subsequent headings in accordance with the Board of article. Italy .12s. T
Revenue's reports, but, as he observos, That the following paragraph shall be sub-third of tho totul receipts cannot be accounted Japan...24s. 94. Russia...11s. 43.
the Articles of Association, namely :---
RESOLUTION III.
Per toa. Austria-Hungary 26s. 9d.
...288. 01. ...la 10d.
RESOLUTION II.
oue-
Spain 21a. 107. stituted for paragraph No. 5 of Artielə XIV. of for at all, and the proportion of unaccount-
France... Germany Great Britain 1s. 1kl. Germany and Great Britain; says the author, prove by their example that it is possible to be successful on the sea without bounties, although other people have not been able to obtain good results by paying high bounties." In other words, subsidies as anch' do zot pay.
Bat if State subventions are not ro-
are Tehoved –
* them
500 per annum"
Mr. E. E. GİRE,
That the
The General sagers chi
upaya-6xooding The 10,000 to cover
ability varies with each province."
If we look beak through the records of the Tang Hei, we and, thye of this Tang and that at no time have the provinces remittances averaged more than
have been drawn from the land-tax and the
NOVEL RELIGIOUS PROJECT,
ONE CHURCH FOR CHRISTIANS, JEWS AND MAKOMETANS.
Shanghai Tientsin Hankow
Shanghai Tientsin Hankow
1905
1906 Hr. Tla Hk. Tis. 92,207,173 74.972,150 59,640.982 64,422,439 47,510,919 36,480,025
1907 1908 Hk. Tha. Ik Tls. 46,323,982 35,386,234 61,208,754 35,903,450
... 45,157,364 41,421,792 The foreign imports aro classifed under two hundred and fifty-seven heads and the smaller
MY CLUB.
I
for
OYCT-
bers, I am still not singular in these taste. I did not build restaurants or set the fashion for them. I do not own restaurants; I wish I
I was not even one of the pioneers in the movement which dethroned "B. and S." and not my tes and toast instead though I would gladly have been one of them. Club life, as a Faith and practice, passed away without my but not unhappily helplessly rain, Clubs I have, like many
A TALE OF TYRANNY. Naturally. I have not a word to say against my elab. Indeed I have the highest respect for it, and I pay fat is due for the privileges of help. I only. members with a becoming promptitude. It in the
is in gays an admicable institution. Mom- others, which are increasingly useful to my life. It is true, have complained of the food; Golf clubs and their like; clubs which satisfy mbors, it is true, have complained of the particular desires. But clube, the club house; members have complained of the
And the liveliest terror has still to be told, supply of literature; of this, and that, and the other. For one grows comparatively old all too soon,
dofond
The Anditor's remuneration shall be Tls
The Sultan Mohammad of Turkey has gathy But if a gentleman may not be a cantankerous and the day in almost visible on which--if good Proped by the CHAIRMAN and seconded by 40 millions of tasis, three-quarters of which Germans family residing at Cottbus ea Zöllner fellow in his club, what is to becure of our fortune so wills it-I shall be elected to the club
lawenit which he brought against a
Three years ago a landowner Abdul Hamid social system?
of clubs or one of them. Then I must either The most complaining abanden an honour which still remaian an stituted for paragraph shall be sub rest from the salt and Customs revenues. left by will £5,000 to the ex-international and would sto era they brought by otherr, stituted for aceiation, of Article XV. of Assuming that the latest figures give an for the purpose of
paragraph
the dab against their of buildir in Constantinople. own charges
bonour, and which a man voed not pretend to bold lightly, or I must submit myself to a that the Central Government's share of the The idea of the tough Mahometans, Christians, off in these matters than your club. It has very tyranny ten times as groes and heavy as that of munerative-parily, according to Herr Hul. allowed.co deduct by way of remuneraaid. or / approximately correct total, it would appear undenominational obe was to erect a ohurch in and, after all, my olah is no worse and no worge'
fbaanse those who receive them conducting und transacting the business erfart visible ovennes of the country, after payment Constantinopleforship under one roof, although edible foud, and very potable lignors at perfectly which I now complain,. It is a horrid dilemma.
cent per belle foreign debt charges has now fallen and Jewar parts of the building. commission of the fly your anaoudig vorage.. But the corrées, are un- jjì ho affairs the estate Lad not been wound papers and deep armchairs and large fires and
tist prices. * basmorning papers and evening 67 POLLOCK in the Pall Mallette their living by the use of their gains-19′′,'office expenses in the carrying on of the busi-
up when the Sultan Abdul Hamia was deposed, well-trained mon-servants and billiard tables and
Reterring to the Conference on Maritime REFORM
blend the heirs of Horr Zollner subsequently card tables and a hat rack and pegs for honging As cvidst of a permanent phethe ground the.
His Majesty therespon claimed the legacy on reputable club, where you have linted, a his recent Message to Congress suid:-- The entlemen-tax, the
that increased resonandi hain jem mid day? 748 his predecesNUE
legation with quite the dallest man You Factory of London is an eminently satis арала
brought his action. The us where you may see the shabbiest
tation on invitadual maritime.: that he is the brilliant law, and it is to be hoped that its resson exclusively upo
trade and the heirs were ordered to pay the £5,000, that he is sa rich as Creme. It barboats adoption as well as remove one of the difficulties ait, and defenseless. The fact with interest at & per cent. The defendants all sorts and conditions of honourable men, standing in the way of the establishment of an
-tat truth.
that have given notice of appeal.
Their talenta vary as absolutely as the real international prize court
is it they are becoming morfora explanation. this point this German wait
1.
DDF.
We are, however, coul
elasticity of Chi
their county's ting is in ecise, oud what notice would the CHAIRMAN and seconded 5, manner of its expenditure rather than the fused to say the £5,000 to the present Sultan.gaja pa and a telephone and-and all that sort / Law held in London, President Taft in
In the first place, hots out, there thing as nation vanity. People as to read partignarly irritates cans is that the Stare and Strihardly ever to be seen in fimparts to-day. They are apt to forget that they have directly encouraged American
ness of the company.
Prenosed by of cumulative preference shar present for their attendance.
when application
the business and he thanked
The incoting them terminated,
at To'
note
me is lovi dvverunoitable verdict has been given in favour of the Sultan, fellow on whom you ever set eyes, and learnableness and fairness will secure its general