to

RANDOM REFLECTIONS.

The fact that the police are frequently summoning compradores and Chinese shopkeepers, who endeavour to make their own prices in absolute dis- regard of H.E.

the Governor's proclamations, must be very pleasing. especially the housewives and young housewife to whom the East and its "squeeze pidgin" is so much of a puzzle. These unscruplous dealers, who look ever so simple and suave, know at once when a likely victim" comes to buy, and they quote the war, and Its baneful influences on their own particular trade in such a plausible manner that young Mrs. Simple is almost led to believe that she is doing the poor old Chinamit a real injury by only paying the price he has asked; or demanded in a take-it-or-leave-it kind of voice. Thus it is that the prompt action of the police in the matter will open the eyes of those who go to buy. John was over a cunning dealer, but those in this Colony should possess a little "Savvy and realise that a proclamation is not a mere scrap of paper."

il

FF

There are probably many of my readers who have not read the story, told by a certain reputablo Yellow Dragon, of how a tiger, a huge brute, was secured by the dexterous use of a rod and linet Person- ally, I read the story with much interest and credulity until the rod and line incident was mentioned. Then, and then only did I doubt the veracity of this dragon; a yellow ono. Tigers are fishes June tigers, and

fishes,

and of read 1 havo

vet never tiger who possessed & partiality for worms; and more especially worms on a hook. Again, the tiger whose fate was sealed by a wriggling worm was no ordinary sort of chap. Tho measurements

COMPANY REPORT,

THE HONGKONG DAILY PRESS, MONDAY, MARCH 22ND, 1915.

JAPAN'S DEMANDS OF CHINA.

HONGKONG AND WHAMPOA DOCK WHAT HAS SO FAR BEEN AGREED.

CO., LTD.

The Report of this Company states:-

The Diretors beg to submit their report and balance sheet for the year ended 31st Derember, 1914.-.-.

The Gross Profit for the year is...$479,378.31 Add Surplus on Dredger Account

after providing $10,000 last year 18,200,06: 8497,685.30

After Paying Bank

Interest .....

depreciating And

Plant and Baildings by.

$135,818.03

61,329.47

197,138.60

$300,445.20 43,897,07

8943,945.97 Which the Directors recommand to be appropriated as follows:- To pay a Dividend at the rate of 6 per cent, per annum or 83 por share

There remains a nett profit of And adding amount brought for

ward from last account

Lentes available, a sum of

........$160,000,00

Carry forward to new account...... 193,845.87

DIRECTORS.`

ACCEPTANCE IN PRINCIPLE REQUIRED. EQUIRED.

The Peking correspondent of the N-CA- Daily Newe writing on the 11th inst says:--

Tho negotations in regard to the demands presented by Japan to China continue to be the engrossing subject of surmise and speculation in both Chinese and foreign circles. Muffled in mystery though they are supposed to be, it is possible to follow their progress and to learn sufficiently definitely what advance has been made towards a final solution. ⠀

At the very outset Japan insisted that China should accept all the demands in principle. That was held by Japan-to be the essential basis of the negotiations. Chins, quite naturally, objected to this proposition. To many of the demands, it was declared, she could not agree, even in principle, without affecting her status as a sovereign country. argument put forward be the Chinese That was the

Minister for Foreign Affairs. Moreover, In accordance with Nos. 78 and 88 of the he pointed out, to grant certain of the Company's Articles of Association, Hon. demands would be to bring China in con Mr. D. Landale and Mr. A. S. Sorensen flict with other Powers whose rights would retire by rotation, but, being eligible, offer bo prejudiced. The Japanese Minister themselves for re-election Mr. H. Prefused to admit the validity of these White having resigned on leaving the naguments, and urges at each conference Colony, Mr. G. W. Barton was invited to that China should without further pro- join the Board in his place, and this crastination agree to all the demands in appointment requires confirmation at this principle. meeting. During the year Mr. E. Gosta, Mr. H. A. Siebs and Mr. A. Widmann resigned their seats on the Board.

Mr. Stanley H. Dodwell has been appointed Chairman for the year 1915,

AUDITORS...

· The accounts have been südited by Mr. H. Percy Smith, F.O.A., and Mr. A. It aLowe, F.C.A., who ratire and offer them-

STANLEY H DODWELL,

Chairman.

selves for re-election.

.....

Hongkong 17th March, 1915.

PROFIT AND LOBS ACCOUNT FOR THE YEAR ENDING

· 31ST DECEMBER, 1914.

To Amount written

Plant off Buildings

and

61,323.47

given startled me, and then they gave rise To Bank Interest8135,813.03 to further doubts; they exactly doubled thes of the Fanling tiger!. The yellow dragon concerned is not of the two-headed species, or one might reason- ably accuse him of seeing double. Still, as an American would say, it was some figer. It must surely have been some worm also?

Just one more note re ligers. Quite

the tragic Fanling: naturally, since inoident, many people have discovered many pugs, and rumours are in the air of several other tigers roaming in the New Territory. Ishould not be at all surprised to hear that the botter half of the recently deceased gentleman was ecorching high and low for her partner, but if were to attach any credence to the many sizes of pugs which have been. discovered, then I should have to announce that hordes of tigers were picking up hints on golf in the vicinity of Fanling Doubts have arisen because certain gontle men have been pointed out to me and described as being quite adept at digging out pugs; and they carry out their scare- designs unscruplonsly! They have created a certain amount of timidity in their opponents, who have taken more strokes in consequence. These pug people, be it stated, also claim that the end justides the means: Golfers please note.

Some peoplo possess the enviable ability to treat money with a wholesome contempt. During the hearing of a case in the Supreme Court last week, one of the legal gentlemen engaged was developing an argument around a certain seven lakhs of dollars. Sotto voce (but with a malicious intent on the symmetry of his sprech) he was reminded that the amount was really nine lakhs. The retort came quick and sharp, Oh, what does it matter, what are two lakhs.dat

Of course, two Jakas are merely 200,000. But what is that? A correspondent, whose salary is frequently mortgaged before the end of the month, has been deeply touched by this tennis play with two lakhs of dollars. It has affected him in this way: -- Though my star has destined that I Upon this earth shall grovel, No monoy matters make me sigh;

Two lakhs to me arg novel."

Thus, when you speak of lakhs of this,

And lakhs of that, and so on,

I merely say, in ignorant bliss, "Why worry, pass them all on." Someone who possesses a few surplus lakhs may respond to this poetic appeal; just to prevent repetition of such outbursts.

The condition of Samisuipo, which was referred to in the D.P. a few days ago by Mr. Bowley, is by no means a novelty in the way of local no nuisances as another correspondent promptly pointed out.. Some of the side streets are abominable, both on account of scene and smell. Coolios som to be of the opinion that by- ways are really an aristrocratic type of refuse tip, and they utilise them as such, with a cul de sac specimen for preference. With the approach of the hot weather and its propensities for making all things "high," it is up to those in authority to

sce that narrow side streets and areas are not misused in this way; neither are they intended for coolics wardrobes and medicine mens places of business. Hong kong, with its many white buildings, looks quite a dream-city in the sun, but should necessity call for a walk through some of the side streets I know of the dream will be rudely dispelled. The market at beau- tiful Naples makes a very loud boast, but there are side walks in Hongkong which would equal this odorous feature of the Italian city.

RODERICK RANDOM,

To Balanco

By Balance of Work-

197,186.50 800,448.80

$ 497,585.30

INNER MONGOLIA.

A long discussion took place on 28th February in reference to Japan's demand that her special position in South Man churia and Eastern Inner Mongolia should I be formally recognized by China. The preamble of the second section of demands, Eastern Inner Mongolia, get out that those relating to South Manchuria and

China recognized that Japan had "always enjoyed a specially favourable position" in these regions. To this the Chinese were not prepared to assent. They did not deny that, by the post-belam settle- ment wit Russia, certain rights became vested in Japan, but they maintained that these were not of the comprehensive nature with which Japan sought to endow them.

A NEW QUESTION.

MILLIONS-IN PAPER.

GERMANY'S VAST ISSUES OF BANK NOTES: BRITAIN'S BULLION.

figures in reply to Mr. Kellaway, who Mr. Lloyd George gave the following

asked the amount of gold held, value of the notes in circulation, and the percont ago of notes to gold of the Bank of Eng land and the Imperial Bank of Germany. on December 33at, 1913, and Decimber 31st, 1914:—

IMPERIAL DANK OF GERMANY,

December December 91st, 1013. 31st,

31st, 1914. £ Gold hold

58,498,000 109,861,000 Notes in circulation 129,072,000 259,205,000

The reichemark is converted at 1s.

DANK OF ENGLAND.

December

December 31st, 1013. 31st, 1914.

£ Gold held in issue

Department. 33,874,635 89,039,186 Notes in circulation 29,607,635 36,139,180 department is not shown separately in the The gold coin held in this banking returns (says the Chancellor). The amount of gold and silver coin so held was, on December 31st, 1913, £1,108,814, and on December 30th, 1914, £461,475. the figures for the Bank of England do not, of course, include the currency note issue. On December 30th last the cur remcy notes.. outstanding amounted to 298,478,101, and the coin and bullion in the redemption recount was £18,500,000.

The figure for the circulation of notes in Germany does not include the Trea- eury notes or the now loan notes, against which so gold reserve is held. The amenint of these notes in circulation is only published at irregular intervals.

·HONGKONG · VOLUNTEER RESERVES.

ADDITIONAL COMPANY TO BE FORMED.

H.E. the Governor hus sanctioned the promotion of an additional Company of the Hongkong Volunteer Reserve intended for members who are not qualified to com ply with the present requirements of the H.K.V.L

The demand for the acknowledgement of Inner Eastern Mongolis as a Japanese sphere of influence was, in particular, something entirely new, and could not be The duties required of members of this justified by reference to any of the agree new Company will be a preliminary train ing Account .............-$595,778,20

ments or understandings entered into bying in drill, but will consist chiefly of China Moreover to grant Japan's training in Musketry and firing a Less Rates and

demands would conflict with the Treaty Musketry Course. Uniform and arms will Taxes Less Crown Rent.

rights of other Powers. If those Treaty be provided, tra rights were not interfered with, by the Less Insurance ...

"most favoured nation clause the other Zess Directors and

Powers would automatically acquire the Auditors' fees... 17,692.30

exclusive rights that Japan sought for herself, China suggested, therefore, that $50,309 $0.

----§ 479,378.34 consideration of the section of demands

819,050.35 10,036.38 9,620,86

By Surplus on Dredger Accoust after providing $40,000 last year

18,206.04

#497,585.30

BALANCE SHEET÷01ST DECEMBER, 1914.

·LIABILITIES; Capital 50,000 Shares at 850

each, fully paid-up..... Reserve Fund... Marine Insurance. Fund Sundry Creditors Balance of Proft

brought forward

from last Aje....@ 43,897.07 Profit for the year ending 31.12.14 B5 per above state. mont

800,418.90

ASSETS.

Value of Korboon, Cosmopolitan

and Aberdeen Docks, build- ings and plant, including floating phat, at 31.12.13 as, per last statement Less Sales... 82,150.00 Less written of ..... 81,823.47

Additions during 1914

Sundry Debtors

Material in Stock and in tran

sit at book value and amount expended on labour and material, with a fair porcent- ago for establishment charges on work in progress, as at 31.12.14, less instalments received on account

relating to South Manchuria and Eastern Inner Mongolia should bo postponed and others less controversial proceeded with. The Japanese intimated that they were in no way impressed by these arguments.

SOUTHERN MANCHURIA,...

Some definite progress was made at the conference on March 3rd. After consider- ̈ oble discussion the Chinese agreed to $2,600,000.00

200,000.00 extend the lease of Port Arthur and 81,698.69 Daly, that is to say, what is known as the Leased Territory of Linctung, to ninety- 2,524,043.07

nine years. It was generally supposed that the Chinese would accede to this particulan demand, as, in view of the immense expenditure by Japan, particu larly at Dainy, it seemed impossible that Qhina, when the original lease terminated, would be able to pay the bill which would be an essential preliminary to regaining possession of the territory.

349,845.87

25,649,587.09

$3,676,690.94

Similarly, little surprise was expressed when it was learnt that at the next con ference, held on March 7th, China coursented to extend the term of the least. of the South Manchuria Railway to ninety-nine years, though consideration of the clause providing for repurchase by China was defered.

THE ANTUNG-MUKDEN LINE, The question of the Antung-Mukden. 63.479.47

Railway was raised at the meeting held 83,613,206.77 on March 9th. It may be remembered that the construction of this railway by Japan

··94,611.10

was the cause of friction with China. $3,707,817.03 During the Russo-Japanese War the 461,742.27 Japanese military authorities laid a nar

STANLEY H. DODWELL Directors. David Landıla

1,480,027.43

85,649,587.63

R. M. DYE,

Chief Manager. GTO A CALDWELL, Secretory.

Kowloon Dock, 17th March, 1915, We report that we have examined the above balance sheet dated 31st December, 1914, with the books and accounts of the Company and have obtained all the information and ex- planations we have required.

row gauge line from Antung which was eventually carried as far as Mukden, It was a military line pure and simple. However, at the end of war China agreed to permit Japan to transform the line to standard gauge, provided the work were completed within a certain time. At the cxpiration of the time-limit Japan had not begun the work and China consequent- ly claimed that Japan had forfeited her rights. Japan did not, however, take this view of the situation and eventually it was agreed that she should reconstruct the line and operate it until 1823, when the lease of the South Manchuria Railway, was due to expire. The Japanese asked that the lease of the Antung Mukden line should be extended to ninety-nine years. and to this the Chinese agreed.

A WARNING AND A DATE,

17

On March 8th the Chinese Minister for Foreign Affairs received a warming In our opinion such balance sheet is pro- from Mr. Hioki. The Japanese Minister jorly drawn up so as to exhibit a true and intimated that unless greater celerity were correct view of the Company's affairs accord-shown in dealing with the demands ing to the best of our information and the Japan would have to take some action explanations given us, and as shown by the that would be distasteful to Japan and books of the Company. The work in progress surprising to China. This, of course, entered at the amount expended thereon meant a military demonstration and the with fair proportion of establishment presentation of a tentative ultimatum was charges, and the value of material on hand not unexpected, in view of the active navel are certified by the Chief Manager,

and military preparations being made by The allocation of expenditure shown on Japan March 12th is said to be the day fixed usasta has also been certified by the fixed for the acceptance by China of all Chief Manager.

H, PERCY SMITH, F.CA. AR. LowE, V.C.A." Hongkong, 17th March, 1915,

the demands. in principle. Should sho fail to do so Japan would proceed to give Auditors.her the "surprise" referred to by Mr.

Hioki

Gentlemen wishing to join this new Company are requested to apply, stating. their qualifications, either to the Officer Commanding or to the Adjutant, from whom further particulars can be obtained,

THE HONGKONG VOLUNTEERS.

COMPS ORDERS UY LIEVT.-COL. 4. CHAPMAN, V.D.

JOINED.

1-The undermentioned having joined the Corpe are allotted Corps numbers and posted as follows:-

No: 1780 Pts. G. Harper to Centru:

Section M.G. Co.

No. 1781 Pte. B. Wylio to Contre

Section M.G. Co.

TRANSFER.

2 No. 1782 Pte. J. P. Middleton from H.K.V.R. to Engineer Co., dated 20th Murch, 1915.

LEAVE.

3-Pte. H. W. Lestor is granted leave of alxenco from 20th March, 1915, to 28th March, 1916.

PARADES.

4-Parades for today (Monday)

Units on duty at Headquarters and Mount Austin Barracks, undor Officers on duty

6.15 p.m. Recraits for units not on duty as above, drill at Headquarters under Sergt. Bullock, Remainder: "NI.

DETAIL, 5.-Officers on duty: Capt. Wood, Lient.

Kennett and Lieut. Danby. Orderly Officer: Lieut. Kennett. Orderly Sergeant: Corp. Bolton. Medical Orderly: Private Thomson.

G. E. STEWART, Capt.,

Adjutant, H.K.V.C.

THE VOLUNTEER RESERVES.

ORDERS BY MAJOR WAKEMAN, O.C.JEVE.

INTIMATIONS

LANE,

CRAWFORD&Co.

(Talarmonn 1741)`

· ARE NOW SHOWING

EXCLUSIVE

IN

DESIGNS

CRETONNES

AND

TAFFETAS

SUITABLE FOR

LOOSE COVERS

AND

CURTAINS.

NEW SHADES IN

CASEMENT CLOTHS.

SUN FAST AND TUB FAST. SEND FOR PATTERNS.

LANE, CRAWFORD & CO.

[92

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REMINGTON TYPEWRITER CO.

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Hongkong, 30th November, 1914,

"HONGKONG DAILY PRESS

PUBLICATIONS.

PARADES, B, and C Companies will parade on the Cricket Ground at 5.15 pm on Tuesday, March 23rd. Dress," drill order. (This parade will be optional for members who have been on duty with the Main and Peak guards DIRECTORY AND CHRONICLE OF during the past vook),

A, B, and C Companies will parade on the Cricket Ground at 5.15 p.m. on Friday, March 26th, Dress, drill order, Reeruits will parade on the Cricket Ground at 5.15 pm on March 22nd, 24th and 25th

THE FAR EAST

810,00

Do, Do. Smaller Edition -6.00 CHILDREN OF FAR CATHAY, ■ Social and Political Novel, by C. J. H. Halcombe ....... THE JUBILEE OF HONGKONG, being an Historical Sketch, to which is added an Account of the Colebrations in 1891 nóvarasutom va

Signallers will parado a Murray Battery at 5.15 p.m. on Monday, March 22nd (Uniform optional),

THE HONGKONG TYPHOON, Sept. ASSEMBLY.-Members are requested to call 18th, 1906, Illustrated Account...

and inspect the maps posted on Novice Board outside Major Wakeman'sTIONS IN CHINA

the TEMPORARY MINING REGULA ollice and to sign their names upon the REGULATIONS FOR RAILWAY shest corresponding to the district in which they reside. All members, whe HONGKONG HANSARD REPORTS

DE CONSTRUCTION IN CHINA ... 0.60 ther exempt from parades or not, shouldOF THE MEETINGS OF THE do this as early as possible. UNIFORM. The topon is to be worn upon

all uniforma parades except guard duties Further orders will be issued when all members have been supplied with caps. PROMOTION-Pte. JC Logan to be lo-

Corp vice Lo-Corp. J. F. Wright, J. C. Logan to Co. B Seption 2. Ite. A. 6. M. Fletcher to Có. B Section 8.

reverbed,

POSTING--Le Corps. J

V. L. CARTER, Capt.,

Adjutant, H.KY.R.

MISSIONARY DIRECTORY, paper

pover $0.80 ISSIONARY DIRECTORY, cloth

coner 1.25 DOG AND GUN in New Territory 1.00 FROM HONGKONG TO CANTON, BY THE PEARL RIVERA Book for the Globetrotter," by Capt. C. V. LLOYD: with Mapa and Illus

1,00

1,78

0.50

0.60

HONGKONG WEEKLY PRESS, half-

yearly vol., bound ............

7.60 BIXTY YEARS ANGLO-CHINESE

CALENDAR, 1884 to 1923

2.00

BATES OF EXCHANGE AT HONG-

KONG, English Mail daye 1874 BOMBAY RATES OF EXŐHANGE" AT HONGKONG, English Mail Dajo, 1890 CALLED OUT: or the Chung Wang's

1.00

Daughter, an Anglo-Chiness. Ro mance, by Chas, J. H. Halcombe... 3.00 PLAN OF THE WEST RIVER

$1.00

VICTORIA

1.00

0.76

0.75

0.75

0.5

0.80

0.25

LEGISLATIVE COUNCIL, Pub- listed Annually .......

5.00 MOUNTINGS OF NAVAL GUNS and their Subsequent Use with the Ladysmith Relief Column go 100 WARLIKE EXPLOITS OF THE MERCHANT NAVI, by J. E, Festherstonbaugh

100

POLITICAL OBSTACLES TO MIS -SIONARY SUCCESS IN CHINA 0.25 TRADE MARK REGULATIONS IN MACCHINA

0.25

KOWLOON PEAK

NEW TERRITORY FŐWER OF ATTORNEY FORM MAIL TABLES for 1914, on card

On paper:

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