Page
THE HONGKONG DAILY PRESS, THURSDAY, JULY 7TH, 1910.
Mr. Frederick Boathey, K.A. Inst. C.E,
INTIMATION
Fubber companies, from which it may be rubber market and of the share market,
A. S. WATSON
LIMITED
ESTABLISHED A.D. 1841,
CO.
WINE & SPIRIT MERCHANTS.
WATSON'S
C
VERY OLD LIQUEUR
SCOTCH
gathered that he is not without a certain then we have a very risky outlook, indeed, Hongkong, has own clected member of the TELEGRAMS.
Royal Colonial Institute.
The Bishop of Victoria will give the last of his series of lectures at the Peak Church to- day at 11:30 am. The abject is Cardinal Newman's hymn, Lead Kindly Light."
On Tuesday a thief departed from the Wyndham Hotel with a look belonging to the proprietress valued at $30. The theft was reported to the police, and the clock was recovered.
A blind begger who, according to the story told Mr. J. R. Wood at the Magistracy yetar. day, was chasing obaits in Wyndham Strost and soliciting aims from the fares, was ordered to pay a fine of 85 or go to gael for seven days,
The Yellow Dragon," the monthly organ of Hongkong Queen's Collega, has two very interesting articles in the June number-one by Dr. Bateson Wright and the other by the Director of Education.
The Blue Fanaal steamer Theseus arrived at
Hongkong yesterday at 5.30 p.m. from Liverpool, having lots that port on 4th Jans, thus sosom plishing the voyage from Liverpool to Hong- kong in the remarkably good thus of thirty. two days.
amount of confidence in the future pros to deal with. No industry in the world perity of the older concerns." Most of the could stand for any length of time a double older companies," he writes, are not process of ballooning. It would be ob- handicapped by over-capitalisation, the pay-viously absurd to expect rubber to maintain ment of heavy sums to middlemen, and the the fancy prices of the past six months in grant of options to vendors and intermediary the face of a prospective twenty-fold increase syndicates Invariably, their estates are in the supply. But that is only one of situated in suitable localities. They have several market risks. Even granting that already reached the producing stage. They the price of rubber could be maintained for are able to take advantage of thehigh market years at its present high level, rubber ahares price of rubber. From their inception, they would still be a dangerous geblis have had the advantage of the best skilled may seem a rather bold and sweeping aster supervision in planting and laying out tion, but we have not far to go for figures estates, with directorates of practical men, to prove it to the hilt. The rubber boomers not mere guinea piga. They are least likely themselves furnish us with all the necessary to have trouble in maintaining their labour data. He then proceeds to deal with the supply. They have ample working capital enormous increase of rubber companies dur and reserves for the scquisition of neighing the past year, which now overshadows bouring territory and the development of any other industrial group in the London unplanted areas, while their cost of produce Stock Exchange, with the possible exception tion is reduced by experience to the lowest of Kalir mines. Two years ago, there wore. possible minimum. Their reserves enable more than 150 British companies, operating in rubbers, besides a large number of local them to rest their trees, wherena younger concerns are squeezing the last available companies in India, Caylon, Malaya, Borno drop of latex out of their immature trees and Java. In the next eighteen months, order to pay their way or to make a show of at least fifty more companies were added to the group." About the middle of 1909 dividends on their heavy capital. This
the boom got under way and gradually rose WHISKY later course, needless to say, is followed at to a tempest. From that date to the end the risk of permanent injury to the trees of February, 1910, quite a hundred new and a consequent restriction of output issues were made in London alone. This below prospectus estimates. This quota would make a total of 900 companies then tion gives some idea of the line of argument on the register. From the beginning of That popular summer resort, the Belle View Hotel, re-opens today. The management hos adopted by Mr. Rɛm. He also deals with March until now, new issues have been been taken over by Mr. William Gallagher, an the subject of rubber pests (insect and coming out at the rate of six or eight per arrival from Sydney. The hotel has been fungoid), catch crops, over-capitalisation, day In ordinary circumstances, such a
reorganised and re-staffed, and the comfort of increased cost of production, the lack of deluge of flotations would have been dis- guests has besa new made the prime considera skilled supervision, and the scarcity of tinguished by a large percentage of still-tion of the management. labour. fu his opinion, China is the borns, but in this case there were hardly any UE country to which the rubber planter must When a frost took place it was invariably. Look for we future labour. Already the because the capital asked for was too small Chinese have helped in the rapid develop and the promoters too modost. Once a ment of the Federated Malay States as small rubber plantation was hawked about labourers in the tin mines. Some of these at the magmficent price of £15,000 its fair men have risen to the greatest affluence and value and the publie would not even sniff are now amongst the richest men in the at it. A less modest set of financiers got GUINNESS STOUT|Malay Peninsula. It is not improbable hold of it and brought it out agam with a what the development of me improve capital of £75,000. It was subscribed four IN PINTS & SPLITS.
dustry will result in the further enrichment times over, and went to a giddy premium." of Chinees of humble origin and we in Mr. LAWSON goes on to show how unsoned was the share boom and how it was being South China may have, therefore, an
“bull” points which have nearly trebled
BLEND OF THE FINEST PURE,
MALT WHISKIES DISTILLED
IN SCOTLAND:
OF
GENUINE AGE
AND
FINE MELLOW FLAVOUR.
ROBT PORTER & Co.'s
BULL DOG
BRAND
ALEXANDRA BUILDINGS.
NOTICE TO CORRESPONDENTS.
alumn should be addressed to THE EDITOR.
Protected by the Telegraph Message
Copyright Ordinance, 1894)
YEON THE "CHUNG NGO! A 10.1 BOYCOTT THREATENED.
PEKING, July 6th. The students here from the Shan tung Province have resolved institute a boycott of German goods,
AN IMPORTANT CHANGE,
to
CANTON,
(BOM OUR OWN CORRESPONDENT.)
July 4tha
ESCAPE OF CONVICTE, From the Pook Lo District comes the news that no less than 20 prisoners have made good their escape from the local geol, These men, by some means or another, had become possessed of a supply of Broarns and ammunition, and when the guards were about to close the grat gate of the prison for the night they fired a volley, scaring the gusida, and thon rashed out of the gate and so escaped. The day before they had had their irons removed, one of the Tomon officials having been bribed to issue this order. Boldiers are out looking for them, but, as in meat sizlar cakes, they are probably out on a wild grone chase. The desperadoes are now large and at liberty to terrorize the country
Vat
PERINO, July 6th. The Board of Rites have under consideration the question of abolish ing next year the final examination inside Being armed they will no doubt stop at Peking of students educated abroad.
The members of the Grand Secretato disorder in a country where only a spark is
needed to start a flame. riate approve of the abolition.
MILITARY COLLEGE.
PEKING, July 6th.
It has been decided that the
nothing to get everything they want. In this way does the supineness of the officials conduce
PISATES.
At Pok Ho Hong She there is a police station guarding a httle village containing about 20 houses and shops. A few nights ago a few men disguised as respectable persons went to the station and asked to see the officers in charge. While they were engaged with him a number of
salvos at the back of the building. The conversation having been finished the offser collected his men to send them on patrol duty. As soon as they had passed through the door, the pirates hidden at the back fired a valley with the result that the pole officer and twelve mon were shot dead on the spot. There was at once
The Club Lusitano has received a three-quar ter size autograph photograph of Dom Manual II., King of Portugal, which His Majesty has been graciously pleased to present to the Club Military College will be established at other men armed with rifles secro to the The news was conveyed to the club by Sir Taku, Joachim Machado, who also presented a portrait of himself in full regimental postams.
hat popsies
THE AGITATION FOR A
CONSTITUTION, D
PEKING, July 6th, The representatives of the different provinces have telegraphed to their respective provinces to send additional
the
His Excellency the Offoor Administering representatives to Peking in order to party at Mountain Lodge on Tueday, the 5th Throne asking that constitutional the Government and Lady Mey gave a dinner present another memorial to inst, in honour of Mr. Gilbert, Vice-Governor government be established at once. of the Philippines, and General Bandholtz, US. The following were invitad to meet them-Mr. Faller, Capt. Salisbury, U.8.N., Mr. and Mrs. E. D. G. Wolfe, Capt. and Mrs. Clapham and Mr. Elwes -
A workman frod. Quarry Fay who traveled to Aberdeen with a view to chastising his bro
becoming frivolous, appeared before Mr. J. H. ther's widow because he had learned that she was Wood at the Magistraay yesterday on a charge,
that the defendant struck her over the head.
was further bound over in a personal bond of
The ones with which the disaffected natives
825 to keep the peace for six months.
· KXUTER'S SERVICE TO THE "KONSKONG DAILY PRESS,”|
THE RUSSO JAPANESE AGREEMENT.
LONDON, July 5th.
fed into the fields.
for refuge The
scene of wild confusion in the village. The people, being unarmed, left their homes and pirates then turned their attention to the police
arms and ammunition, as well as money and station, from which they looted a large amount of
the house in the village and shot at and killed i effects. They then systematically plundered an
woman and two shopkeepers who had not filed with the rest. It took these murderers more than three hours to get the plunder from the houses. into their boata. Having loaded their craft they sailed away, and as yet no trace of the has been found. The local magistrate has taken the case in band, but it is doubtful if his effort will meet with mual encoesa.
TIEBORISM.
From the Shan Tak Distriot is reported great
The Russo-Japanese agreement has rest among the people owing to the activity
It is stated that the grantees for an the maintenance of the status quo in Indo-Chine can get arma and ammunition in Manduria are on the lines of the has aroused alarm in official circles. The result
in the Colony under stringent restrictions ments. It provides that if these or is a decree just notified, patting the arms trade previous Russo-Japanese arrange=
of the robbers and secret society men. This is
state of terror. Many families have already moved pesosable conditims. These socisting are said to other places ware they can live under more
to ba forcing villagers to join their ranks in hundreds, and the condition of things at pre- went is said to be exactly parallel with that which Bl mat before the Tai Ping troubles about 50 years ago.
NEW JUDGE
intimate interest in the future of rubber worked in London, and he also discusses the of assault. The complainant informed the Court been signed, but the term, which have especially the oase in the Luan Row, and Wei A.S. WATSON & CO.. | even if we have no rubber plantations of
our own to exploit. We note that one the price of raw rubber within a year. with a stool, and as the latter did not deny it he been communicated to Great Britain Chuen villages, where the people are living in a LIMITED,
was fined $7, or seven days' imprisonment. He and France, are still unpublished. The outcome of his investigations → of the representatives of the planting com- and he gives full and elaborate tables munity on the Federal Council of the
from official statistics--is that just as (25 Federated Malay States has submitted a there was little or no justification for proposal that free grants of land should be the undue inflation of rubber prices, made to labourers who have accomplished which led to the abnormal flotation of CHIX communications relating to as news a certain amount of satisfactory work on companies and the bulling" of shares on Corespondents must forward their names and this point, Mr. REID writes This is the Stock Exchange and in Mineing Lane, Arms dealera must keep registers, and no one agreements with China are menaced ad trusse with communications addressed to the sensible suggestion, since it would make for so there is little likelihood of high prices Editor, mot for publication just as edance of the creation of a permanent working class being maintained. He shows how every good faith,
All letters for publication should be written on in a country almost devoid of population, auction may resolve itself into a battle one side of paper only.
says that No anonymously signed communicatione that and it may be expected that the present between buyers and sellera, and favs already appeared in other papers will be Governor and High Commissioner, SIE rises and falls of half-s-crown per pound macrita.
Orders for extra co ■ DAILY PRESS JOHN ANTZERON, who has a thorough grasp would not be impossible or even surprising should be sent before 11 a.. on day of of the situation and is sympathetic to the These would produce a corresponding more- publuation. After that has the supply is
planting interesta, and is a steady advocatment in the shore market, and that might limites Only supply for Cash.
of the development of the agricultural mean a difference of 40 or 50 per cent in Teligraphic Address: PRESS.
wealth of the country, will be able to sub-dividende even of the soundest companies, mit proposals that will be acceptable alike This leads him to write that HONGKONG OFFICE:: 101, DEs Vœur Boad to the Colonial Office and to the planting ordinary investor could long endure such Governor of Nyasaland, who read a paper on received with honours. They remain oion and their moviments were watched. After
Coln A.B.O. 5th Ed. Trieber.
P. O. Box, 34. Telephone No. 12,
LONDON Orrico · 131, FLEET STREET. EU
The Barty Press.
HONGKONG, JULY 728, 1910.
is
community."
No
may bay are without permits Arm and that Russia and Japan should concert ammunition for military purposes may only be old to Europeans. Natives are forbidden to measures for their defence. manufacture or sell arms and ammunition used
vincial Judge, arrived in the city late in the
Yn Ching Wing, the newly-appointed Pro-
evening of the 2nd instant. On the following day he had the honour of a reception by
oficial installation is not yet fixed. Before receiving the appointment he was Tartal of King Nat
r
GAMBLING.
for sporting purpose Dealers and manufacturers CHINESE MILITARY MISSION, Viceroy Yen. The day for the new judge' of the above-mentioned articles must take out
licenses.
LONDON, July 5th. Sir Frederick and Lady Lugard were prosent Prince Tsai Tao and the members at a dinner given at the Trocadero Restaurant of the Chinese Military Mission have London, by the African Society on the 3rd inst arrived at Rome, where they were The principal guest was Bir Alfred Sharps, "Recent Progress in Nyausland Sir Fred three days as the guests of King erick Lugard complimented Sir Alfred Sharpe
Humbert. on his paper and on the good work he had done in Nyasaland, a comtry of which in its pressat state Englishman might be justly prond. The effective administration of Nyssssland was in advance of ita commercial development, and the
of its natural resources.
try was now ripe for a further exploitation
BLACK AND WHITE.
PRIZE FIGHT FOLLOWED BY RACIAL FIOTS.
Testerday Hiree young men looking very dejected were teen wallding along the river bank
at Taishan. Their appearance excited suspi
a time they were observed to simultaneously throw themselves into the water, from which, however, they were promptly fished out by the polics, They were taken to the police station where it was proved that the three were gamblera who had lost all they possessed and had 20 moans of supporting themselves. They are stilk in custody
A DISHONEST, POLICEMAN, A constable attached to No. 7 police station
being off duty, aw a young boy carrying long cost and some shoes. He foraibly deprived
LONDON, July 4th. Manila will soon be able to boust the finost combined roof garden, open-air theatre and It is reported from New York that restaurant in the Orient. Mr. Inch, manage following the victory of Johnson the boy of these things. The boy ran to he contract for the construction of a roof garden serious riots have occurred in many master, whe at once reported the matter of the Lack & Davis building, has sigzied & on the top of tast edifice which will include cities throughout the United States. the officer in charge of the station. The man
theatre with a capacity of 800 cents and s restaurant that will be patterned after the Scores of negroes have been style of an Austrise chop or grill house, and one was killed outright. The roof garden will be entirely open on all will afford protection in the rainy season. The sides with a roof with overhanging eaves which
theatre will be bandsomely designed and will be arranged for vandeville performances or for sinematograph shows.
enesesrobed, the stolen goods discovered, and he was handed over to the Polios Tactal that offler has condemned the ma to be exposed in front of every police station in Canton and Hons, to undergo two years'imprja- onament and to be expelled from the force.
injured, and he
jumps and plunges. He would get sick of According to Mr. C. B. HENNINGS, PH.D., them, and his shares would gradually re- F.SC., it is an established fact that the turn to the speculators. No matter how problem of manufacturing synthetic rubber big the dividends promised or actually paid has been solved. It is fashionable to scoff good years, rubber shares will be subject For the moment, the boom" in rubber at the probability of synthetic rubber com to such & variety of accidents as to over. But as the rubber-planting industry peting with the cultivated latex, but, as make them very jumpy. Compared with has got into the hands of specnistors and Mr. HENNINGS points out, the cultivation of them, gold or copper or steal shares may company promoters, to whom the ordinary natural indigo, once a flourishing industry steady investments. These have a range of fluctuation which it is possible to keep investor, looking for a safe and remunerative in India and South China, is dying out trace of and to draw conclusions from as to outlet for his capital, is legitimate prey, we four-fifths of the world's markets having the future. But the Auctuations of rubber may expect to see more than one effort to been captured by the synthetic prepamtion will be subject to a multitude of novel risks crata other booms before the end of the We all know what happened to natural dyes and chances which will go on multiplying in year Naturally enough, Singapore, as the when aniline preparations issued from the the future. A good show of them are in centis of the Far Eastern rubber-cultivating chemical laboratory, and German science sight alrandy, ne, for instance, over-produc arsa, has had far more experience of the bas succeded in manufacturing a competition, heavy increase of working expenses. effects of the rubber boom than we have in for to natural camphor, with the result that special taxation in the shape of both export
LONDON, July 6th. Hongkong or Shanghai-and, possibly, more that menopoly has not been able to enhance and import duties, the invention of rubbar
Up till now thirteen people, mostly of the profits; for the investors in Singapore, prices beyond a certain point. If aniline substitutes and of appliances to economize
negroes, have been killed, while hun- Petmog, Kuala Lumpur and other F.M.S. dyes, synthetic camphor and synthetic in the use of rubber. The cumulative effect centrus liave a better chance of informing digo, why not synthetic rubber? We con- of all these matural risks might be very con-
His Excellency the Officer Administering the dreds are dangerously wounded, as themselves of the prevailing conditions on fose that we would have liked a little siderable." There is certainly plenty of Government and Lady May gare a dinner party the result of the racial riots which the estates of this numerous recent rubber more detail from Mr. HENNINGS, but food for thought in these articles in The at Government House last night in honour of have broken out in many parts of the flotations than people at a distance, and are what he says is sufficient to give pause Financial Review of Rievietes, and again J, K. M. Smith. This following were invited to | country. less likely to be filched by unscrupulous to those who are juclined to rush blindly we commend their perusal to our readers, meet them — Generad Broadwood, Sir Francis promoters: It is well that investors into this wild gamble in rubber [shares, We would conclude with the following Piggott, the Bishop of Victoria, Hon. Mr. and and the prisons are overflowing, Olin should be warned of the dangers and How little justification there was for the quotation from Mr. Lawson's article, and Mrs. Keswick, Hon. Mr. Murray Stewart, Mr.
Fifty have been injured in New pitfalls that lie ahead; and we would re recent boom and the extraordinary would advise local investors who have and Mrs Slade, Colonel, Mrs, and Mias St. John, conriend for their perusal a series of three inflation of prices for the raw product is caught the rubber fever to ponder those Colonel Sir Joseph and Lady Fayrer, Mr. Vol York, where knives and revolvers have articles appearing in the June issue of The shown by Mr. W. R. Lawson, a well-known into deeper depths Fabulous dividends and Mrs. Acton, Mr. Layton, Mr. Bledge, Mr
words well before taking another plunge palli, Colonel Bayard, Mr. Liebert, Commander been freely used.
The newspapers are disgusted and Fresh B. and B.W, winds may be expected in Financial Review of Reviews. To some and experienced writer on the stock markets like those which rubber shareholdere hayed Mrs. Looker and Misa ayalinde Mr. and deraanid the prohibition of prize fights the Formions Channel and along the 8 cost of
Admiral, Mrs. and Miss Lyon and Mr. and Mrs.
and Mrs. Blanchflower, Mr. and
Miss Innis and Dr Fitzwilliams
extent, Hongkong ought to have a persona Mr. Lawson points out the difference be interst in these articles, for one is from the tween the two booms-in raw rubber and of things, last long. They betoken abnormal and Mrs. Mozen, Major Pindlay, Capt. Groves been drawing lately cannot, in the nature Mrs. Adanson, Mr. Hancock, Mr. Thompson, Mr pen of that well-known journalist, Mr. T. H. in rubber shares. The question of supply and exceptional profits which are Rainee, Capt. Heathcote, Miss Cunningham, RE, who, since he left Hongkong a few and demand, as it applies to the raw mate. to be lavelled down by heen competition year ago, has had the opportunity of rial, has to be judged," he writes, by too prosperous industry attracts an exces studying the rubber question while resident quite another standard than the supply and sive amount of new capital and skill, which in the Straits Settlements. The articles are demand for rubber shares. The former end by swinging it back to the other, ex- temperately written and informative. Their position might be comparatively sound trema If rubber is not to be an exception general tendency is possimistic. Mr. ExID's while the latter was absolutely unsound and to all economic and commercial laws, that last word to the investor is to exercise dangerous. If, as cautious observers believe, will be its fate, and the fate of rubber shares extrane caution, especially in regard to new there has been undue inflation, both of the as well."
| LATEST STEAMER MOVEMENTS.
The CPF Co. at Empress of China left Yokohams on the 5th atent, at noon, for Vancouvar und Victoria, B.C.
The Bilk or I. 1.6. Empress of Japan, which left here on the 4th ultimo arrived at Now Tork on the 3rd instant,
The troops have been called out
FROM THE OLBLBNEWS.""]
NEW PHILIPPINE CUSTOMS
*
WASHINGTON, July 2nd. The United States treasury department has amended the customs regulations for tlie purpose of facilitating commerce between the Philippine Islands and the United
State
WEATHER REPORT.
The Hongkong Observatory yesterday Issued the following report
On the oth 22 11.55 4. The depression
entered Tongking to the Boath of Haiphong last evening
The barometer has risen slightly at all
stations to
to the South of the 25th parall, and
Allen considerably over N. China and at
Vladivostok.
The depression in the North, is of consider
8. Mancuring
able intensity. It is moving Eastwards over
Pressure is high to the East of Japan, and ever, the Philippines and adjacent wafers.
Chins
Hongkong rainfall for the 34 hours anding at 10 am to day, 3,09 inches.
The forecast for the 24 hours ending at noon to-day is as follows-
S. winds, fresh Hongkong & Neighbourhood
squally showery Formon Channal
winds, frat. South coast of China between
Bame No. 1 Hongkong and emocion South coast of Chins between game as No. 1
Hongkong and Hainan,..