Page
SWATOW NOTES.
{FROM OUR OWN CORRESPONDENT.]
Swarow, March 6th,
THE RECENT LAUNCH ACCIDENT.
LAUNCH DAMAGES TORPEDO- BOAT
COLLISION IN THE HARBOUR,
THE HONGKONG DAILY PRESS. TILURSDAY, MARCH 911, 1918,
HONGKONG SHARE MARKET, THE YANGTSZEPOO COTTON
Mera, Vernan & Smyth in "hair" weekly share report dated the 8th March, Fétato:-
`langes, improvements on last weeks' rates,
There has been somewhat less enquiry At the Marino Court yesterday, before
in the logal market during the past few Commander C W. Bookwith, R.N. the days, but, on the whole, prices have been I do not think that anything has been master of the steam launch Al was sum-well maintained and a good general bus moned for failing to observe the rule of ness has been transacted at, in many in Zone you to remind the launch company that they committed any grievous sin inthe road in the Harbour.
Lient. R. McMurray, R.N.B of allowing their launch to be capsized. I believe, however, that more stringent rules in torpedo-boat, said he was proceeding are now being applied as to the number of passengers allowed on board. Chinese law, ay at present constituted, does not call upon the State lo interfere. A sin against individuals even involving death does not of itsof junve authorities to meddle with the matter if no definite appeal is made by the injured parties. Only in ensee of ain ning against the State does the State tako up the cudgels in self-defence, and the punishment is then as severe as possible Appeal has been made in the local Press for public aid to the sufferers.
Rubbers" have been dealt in to a fair extent, and lose with a tendency towards higher values, Standard Tin is wired from London at £156), and Plantation Rubber out to patrol when he observed the launchnt. 3/84 for both spot and 8 months do A1 on the port bow about 200 feet distant, Livery. the latter article closing very ahead of the warship. He leady, Ber Silver in quoted at $7 for steering to
ready, Sterling T.T. at 1/1114. Bhanghai held his course and speed until ho saw and the Bank's buying rats
For 3 d/s drafts on Shanghai at 732.
BANES-Hongkong and Shanghai hava again been booked at $790, closing stendy in this figure
A gmart new boat, owned by a new com pany, has been put on the Kityang river. It has three class distinctions. Probably it will introduce a better and safer service.
THE OFFENDING IDOL,
There has been a serious disturbance at Chau Au reently. During the progies of an idol procession golliers came in coll- | sion with policemen, The soldiers, who were few in number, disappeared but re aurned in greater strength and attacked the their aut police, driving them
Some innocer's were killed -quarters,
and others seriously wounded in the melée. The idol ig blamed by the authori ties and, wist not be carried in procession in future.
AN OPPORTUNE ORACULAR VÍTERANCE. The following order was issued by an ido] medium recently: Tonight le no -one go to the river to draw water, to- morrow let no one go to the river to wash clothes. You had better not frequent the o'd market to buy vietuals; go to the -new-market because the old is infected with plague." This oracle 'came very oppor. tunely for the new market, for it helped to give it a start in life. 1. fear the medium was prejudiced. True, the plague, was there and no one dared find fault with his advice.
OPIUM CULTIVATION.
At Chau Yang it is reported that opium has actually been successfully curtivated and that the cultivators have succeeded in hoodwinking the officials, is also report ed that at a place, Ia shi, in the vicinity. where the great disturbance took place Jast year between the military and the villagers, the plant has matured. It is hard. to account for the Chinaman's audacity, The growers run the risk of being shot if found out
TAR KOILER PRST IN KWANGTUNG,
The Kwangtung: Viceroy is exerting himself to get rid of the robber, pest and is finding it very hard work. We hear of bis detectives seizing meu to-day and that the sotting them free to-morrow, 60 people do not know who is the more to be feared the soldiers or the robbers,
REPORTED DISCONTENT AMONGST THE HOLDIERS.
It is noted in native papers that there is much discontent at present amongst the 'Government soldiers, not only in this Pro- vince but also in Kwangsi,
THE CONSTITUTIONAL QUESTION.
on ber
www.
collision was inevitable and then went full speed astern. The launch continued
course
and it was only when she was within 100 feet of his vessel that her She engines were put full speed estern, could not get her way off sufficiently, how. ever, and struck the torpedo-bont, doing considerable damage,
Defendant said he thought the torpedo haat was at her buoy and not under war. He pladed guilty
A fin of $15 was imposed, and he was ordered to be re-examined before his cart: ficate is returned.
HONGKONG'S WATER SUPPLY The monthly water return shows that the storage of water in the Tytom and other reservoirs of the City and Hill district waterworks at the end of February amount ed to 478.36 million gallons, compared with 450.57 at the same dato ju 1915.
The consumption in the City and Hill District during February amounted to 122.62 raillion gallons by an estimated population of 283,719, compared with a con. sumption of 132.46 by an estimated popula- tion of 280,119 in February, 1915,
There was a constant supply in all die- tricts during February, 1915. The supply by house services to houses connected with the rider mains was discontinued and the supply given by street fountains only dur- ing February, 1815, except at Chinese New Year, when a constant supply by house services was given.
The storage in the Kowloon Gravitation reservoir on the 1st March amounted to 260 million gallons, as compared with 317.85 in 1915. The consumption in February was 25.95 million gallon by an estimated popu- tation of 97.700, compared with a consump tion of 27.58 by an estimated population of 95,000 in February, 1015
ASSOCIATION FOOTBALL
HONGKONG LEAGUE,
HONGKONG, . .G.A.
On the Saturday, the Club: J. McCubbin, M. L. Railton, J. Stewart, and T. R. Chassels; G. A. Robinson, W. H. Viveish, J. Walker, H. E. McTavish,
Hongkong F.C.'s ground on The following will represent. Rodger; F. W. Black and
aud J. Stalker.
SCHOOL FOOTBALL.
AN EXHIBITION GAME, An exhibition football match between strong teams representing Queen's College and St. Stephen's College will take place It is difficult to know the actual feeling on the Queen's College ground to-morrow, of the people with regard to the great State kick-off at 3 p.m. H.E the Governor will question of the hour. Some say that rebel attend the match, and will present the Factions are on the increase. That is the Senior League Shield; which has been won general talk. There is a wail for the rohy Queen's College, and also the Junior
· by St. turn of Confucius when Confucius League Cup, which was composed his 'Spring and Autumn rebels Stephen's College. were afraid. Today there are many books but also many rebels. Is it because there is no Confucius ↑ "
Fery
Queen's College will be reported by the following:--S ̧ A. Moosa; Lau Yau Chi and A. Hamid; S. H. Ismail, Ngau Sai Kin and F. Shamusdeon; Wong Pok Hing, H. Kin Fau, E. Moosden, S. Ohsuka and A, K, Fattydad.
SPORT.
The Chinese authorities have effectively imitated the strict censorship of the West, There is no fico Press in China at present. Thus the Civil strife going on in various parts of South Chinn is hidden from- everybody. The outlook
SHANGHAI SPRING RACES. at present is not quite propitious for the Monarchists. China is in sore need of a
The programme for the forthcoming Shanghai Spring Race Meeting (which is strong and effective Government, and as
to be held on May 8th, 9th and 10th, with far as one can read the times, a Monarchy the Off Day's racing on the following seems the only hope for this vast jumble-eturday, May 13th) is similar in all re
ment of a nation,
CANADA'S PATRIOTISM.
FUND OF. £3,000,000 RAISED.
MATINE INSURANCE Cantons at the improved quotation of 8422) have been tuken off the market to a limited exten and close in further request. Unions have heen done at the improved quofition of 9950. North China di Tis. 180. and Yangtszes at 8240 with ex. 73,
nt $415.
MILL
ANNUAL MEETING.
The first annual general meeting of the shareholders in the Yangtzopoo Colton Mill Co., Ltd., was held at the offices of the Genorai Managers, Messrs, Jardine, Matheson & Co., Ltd., Shanghai, Mr. John Johnstone presiding..
The CHAIRMAN › Enid: The accounts cover a working period of 14 months, it having been found convenient to close our books on December 31st, and in future the financial year of the company will cou-
elice on January 1st.
Your consulting zommittee venture to hope taut you win consider the result satis. incory. At one time, indications pointed. to the possbility of a small die idend to the ardiary shareho,ders, but from August.on- wards trade generally was of such a nature that we were compelled to accept prices for our yarns that showed serious losses, FIRE INSURANCER-Chinns are quiet and I regret that we cannot do more than with probable buyers at 103, and Hong-liquidate our liability to the preference kongs can be placed to a limited extenthareholders, which absorlis Tis 40,832.33. I trust you will approve the proposed SHIPPING-Douginses, as anticipated, appropriation of the balance at credit of profit and loss account. From the report have rapidly advanced and, after sales t
it will be seen that preliminary expenses $130 and $131, close in strong request af $132 for cash and ful: equivalents for are provided for sed this item will not ap- ward. Indo-Chines under further fiqui-pen: in future years dations for settlement. cenunt have eased lightly, but at the close enn he placed at 8135 for the Deferred; the Preferred also closing lower with buyers at $48, after Rales at $49: Steamboats have been sold nt 817 and now close with bayers at $18 Star Ferties have been booked at $39, nt which rate there are further sellers, buyers having now reduced their offers to $381.
OILS. Shel's have been a firm market, business baring been done up to 98/6, with probable buyers at the rate. Ural Cas. pians are quiet Lt 34/-, and Langkats steady at The 39,
REFINERIES-China Sugars have ruled frm throughout the week and close in re- quest at $142, after sales at this rate and at $1461 for April delivery, Luzons have jumped to a buying quotation of $43 with- out businees to report,
MINING-No business has transpired in this section and quotations with the excep tion of Tronohs, which are in request at 27/6, are more or less nominal,
DOCKS, WHARVES AND GODOWNS. Hong
$102 for the old, and 807 for the new, have advanced sharply to a buying quotation of 8107 and 102, respectively and close. firm, Hongkong and Kowloon Wharres have been placed at $72, at which rate there are probable buyers. Shangha Docks are wanted in the North at Tls, 65, New Engineerings closing at a nominal quotation of Tls 101 and Hongkow Wharves at Tls. 93 nominal,
keng and Whampoa Docks, after sales at
LANDS, HOTELS AND BUILDINGS-Con- tral Estates are quiet a $99 with probable buyera. Hongkong Lands have advanced to $104 and after sales close with probable sellers at the rate. Humphreys Estates are wanted at $6.20, West Paints closing with a nominal quotation of $87 and Kow- loon Lands 837 Hongkong Hotels are quiet with probable sellers at $112)
COTTON HILLS.-Evos are in demand in the North at T 145 and Kung Yiks are wanted at the improved rate of Tis, 13. with no sellors in evidence. Shanghai Costore close with bayers offering Ts 81. The following have a nominal quotation, viz., Internationals Tis, 72 Laou Kung Mowa Th 71 Soy Choes, Th. 41, and Yangtzopoos Tis, 5.00.
MISCELLANEOUS.-China Borneos have buyers at $101. Dairy Farmy at $29, Electrics at $44. Trams at $5.00, Peak Trams (old) at 810, new issue at 85 cents, Waterbeats at $152. Watsons at 87, and Powells a $51. Cemonts have been placed at 810.35 and $10.40, but now close with probable sellers at the former rate Ropes have been an active market at rates vary ing between $32 and $37, and at which Inter rate shares can be placed. The fol lowing have a nominal quotation, rie, Providents $9.20, lees $180 and Laundries 831.
Myxo-Naxi Bettling Day, March 29th.
YARN MARKET.
Messrs Polishwalla & Kotwall, cotton and yarn brokers, in their report dated March 8th state that the improvement foreshadowed in their last report, which was dated the 24th ult, has unfortunately given way to a feeling of despondency, and although rates have not undergone may remarkable change, they have to record a dull and uninteresting fortnight, for which the continued strife and uprisings in the interior are responsible,
The depreciation set aside for machinery 'is on the basis of 6 per cent, per autum
which your general managers consider res sonable,
No. 1 niit buildings, which are of brick, are being written down 5 per cent, but is has not been thought necessary to depre ciate the buildings of Nos. 2 and 3 mills, as they are of concrete and have only been in operation for a few months.
The land required for the Nos. 2 and 3 pills and the wearing shed was purchased. from my firm with certain buildings. Some of these, valued at The 29.728, were demo- lished, and the auditors rightly require this amount to be written off in the course of a few years. Subject to your approval, Tis, 10.000 is being provided this year for this purpose: Tls 1,499.50 from working account and T. 8,600.50 from premium
on shares.
ན་
Of the 95,000 ordinary shares offered to the public only 5,719 shares were originally applied for but subsequently further ap plications were received for the balance, and a large number of shares was issued a
a premium of 5 and 10 per cont, with the result that the company had a profit of Tls. 8,500.50,
A first and final enll of Ts, 3 per share un the 25.000 ordinary shares I have just alluded to was made payable on December 31st-at that date T. 67,983 had been re- erived, and I am pleased to say that the present entstanding is only T, GOD I take this opportunity of reminding share- holders who have not you paid the call that interest at the rate of 10 per cent. per an is being charged on all amounts that are overdue,
Only 627 preference shares were applied for by the public, d Mosers. Jardine, Matheson & Co., Ltd, under their agree ment with the Company, took up the re- maining 4,473.
Considering the present cost of machin ery, shareholders may rest assured that they have an exceptionally cheap spinning plant. These remarks also apply to the reinforced concrete buildings, which, if contracted for to-day, would cost 70 to 50. per cent, more, owing to the very high price of steela
With the approval of the consulting committee, your general managers have purchased 410 looma-116 locally and 200 frein Massrs Livesey & Sons and I be lieve that this addition, which was not contemplated when the company was float- et, will materially assist us in futuro years, The 116 jooms purchased locally have been in operation since November, and I am pleased to say that this production has been well received.
The 300 looms purchased for shipment from England should have been despatched by: the end of August, but, owing to Gov- ernment demands on the makers, we have so far only received invoices for 190 loogs, 20 of which have recently come into opera tion,
I think is desirable lo mention that the general managers, who have a very large interest in this company, ore providing the necessary capital for the weaving plant: at bank rate of interest, believing as they do that it will pay a satisfactory return on the money invested.
INTIMATIONE
LANE
OF SOMON
CRAWFORD & Co.
JUST RECEIVED:
ANGLO-ORIENT
SEAMLESS REVERSIBLE
CARPETS AND RUGS.
TWO WEARING SURFACES INSTEAD
OF ONE IN CHARMING COLOURINGS AND DESIGNS. THEY ARE OF
BRITISH
MANUFACTURE
BOTH
DURABLE AND INEXPENSIVE.
WE HAVE THEM IN.
SQUARES 3 by 2, 3 by 3 and 3 by 4 Yards.
AND
CORRIDOR, HEARTH,
SOFA,
AND BEDSIDE RUGS. COLOURED LITHOS ON APPLICATION.
LANE, CRAWFORD & CO.
HONGKONG, CANTON, MACAO & WEST RIVER STEAMERS.
JOINT SERVICE OF THE HONGKONG, CANTON AND MAÇÃO STEAMBOAT CO., LTD., AND CHINA NAVIGATION CO., LTD.
During the 14 months under review, the, average number of spindles in operation was 30,000-slightly ore than half our full capacity. Since September 90 to 95 per gente
of our spindles have been at work, and the balance will come into operation directly Deliveries some further preparation machinery that show no improvement, and dealers, owing has been ordered arrives. Here again the to the absence of response from the coun-war has caused a great delay in shipment try, prefer to pause and await develop-being effected, ments. At the close, however, s slight im- provement in demned is discernible and few parcels, suited for the Yunnan market, are reported to have changed hands at about the last rates.
Sales during the fortaight are returned as 2,100 bales, made up mostly of current chops of No. 10s.
Total sales: 2.100 bales Stocks-Unsold and undelivered in the godowns 64,000 balos,
Arrivals. The wail str. Novara and extra str. Rangoon Maru from Bombay have brought in 4,000 bales for Hongkong, and 4.000 bales for Shanghai, Shipments from Hongkong to Shanghai, coast ports, etc, 1.000 bales.
spects to that of the Spring Meeting of 1915, with the exceptions that the meeting is to begin on the second instead the first Monday of the month, and that a handicap for griffins has been introduced into the Off Day's events. Entries will close at the Grand Stond at 5 p.m. on April 8th,
SHARPSHOOTERS FOR FRANCE.
sailed for South Africa, after a visit to Colonej Sir Abe Bailey, who has recently Great Britain at the request of General Botha, was much impressed during his re- cent visits to the British front in France markable shrinkage in business owing to s
You will doubtless be interested to know. that all the machinery is working satisfac- torily, and that our yatas are realizing prices which compare favourably with those obtained by competitors, ve z
Our working costs have been heavy, ow- ing to the small number of spindles at work but this is an item that has already ad justed itself, and during this year-our cost of production will be much lower,
The Monarchicht movement and the scar- city of dyes were; and still are, responsible for the paucity of inquiry-since-Inst-sum mer, and the outlook for the near future rauses your consulting committee some con earn. I hope, however, that it may not be necessary for us to resort to short time,
12
HONGKONG-CANTON LINE.
Bingle Fare by Night Steamer Return
(available also for rotarn
by day stemmer) Single Fare by Day Steamer Eetora
HONGKONG TO CANTON. I
$6.00
10.00
4.00
8,00
CANTON TO HONGKONG.
THURSDAY, 9 MARCH, 1916.
8.00. KINSHAN. 10.00 p.m., HONAM,
8.0a.m. HONAM. 4.30pm. FATSHAN,
FRIDAY, 10TH MARCH; 1916.
·8,00 2,1 PATSHAN. 10.00 p.m. KINSHAN,
6.00 m, KINSHAN 4.30 pm HONAM.
HONGKONG-MACAO LINE
S.B. SUI TAX, Tor= 1,651;t
18.8. TAISHAN, Tona 2,006, HONGKONG TO MACAO. days at 8 am and 2.p.m. from the Company's Wing Lok Street Whart, Stindaya at 9 a.m., and 1 pan, from the Company's Wing Lok Stroes Wharf,
MACAO TO HONGKONG
Wok days at 7.30 am, and 2 p.m. Bundays ab 7.30 s.m. and 3 p.m.
EXCURSION TO MACAO
SUNDAY, 123 MARCH, 1918,
The Company's New Steamship
"TAISHAN”.
Will depart from the Company's WING LOK STREET WHARF 19 m., and retur trom Masso si 7 pimanti
N.B.The Company will also runs Steamer from Macso on Sunday si 7.80 am.. 40d from Hongkong M 1 pm, from the Company's Wing Lok Street Whart
This Steamer connects with the Excursion Steamer returning from Macao at 7 p,m,”
FARES AS USUAL
MACAO-CANTON LINE
8.8. SUT AN
Departures from Macro to Canton on Monday, Wednesday and Friday, a119 pm, v Departures from Canton to Maeso on Tuesday, Thursday and Saturday, at 130 p.,
JOINT SERVICE OF THE HONGKONG. CANTON AND MÁČAO STEAMBOAT CO., LTD. THE CHINA NAVIGATION CO., LTD.. AND THE INDO-CHINA STEAM NAVIGATION CO., LTD. CANTON-WUCHOW LINE.
Shanghai.In striking contrast to the This season's crop of China cotton was local position, the Shanghai market has much inferior cheth in quality and quan continued strong and active, and we hearity, to the average of past years, and le bas of a large business passing at rates which heen necessary for us to import large quan. are 23 to $4 above this market
bitice of foreign cotton PAR Japanese Yarn. There has been a re
The report and accounts as presented, Nere adopted on the motion of the chair.
The campaign to raise $8,000,000 for the Canadian Patriotic Fund for depon dents of soldiers has been successful beyond the most enthusiastic estimates. The col lections made in three days throughout Canada are believed to amount to fully by the value of sharpshooters. As a reenit hig advance in hom values. 150 balesman, seconded by Mr. Mackie $9,000,000,
He has decided to raise, equip, and trans-Yellow Joss No. 20, at $134 to $135; 50 On the proposition of Mr. Dunne, second- Enthusiastic popular demonstrationsport to Europe 100 South African sharp bales Beisu, No. 20, at $147.
bed by Mr. Pierey, Mesirs Johnstone, Mac- -marked the close of the campaign in vari shooters, They will receive regulation How Cotton-Bengal. No stock. Chi-Fi, R. McE. Dalgliesh, Wo: Ling-shu and ons-cities-Since the war began the patrio rates of pay which Big Aba. Bailey will nese, no sales. Quotations. Bengal, $22 Pan Ching-poo were re-elected to the con- tip fund conations amount to $15,000,000.supplement,
to $28, Chinese $29 to 834 per picul, Fulting committee.
1
8.8. BAINAM, 598 tons, sad 8.3. NANNING, 569 tomi,
Oss of the above Steamers leaves Canton for Wackow every Monday, Wednesday and Friday, at about 8 am, and the other leaves Wuchow for Canton on the same day's st 8.30 am. Round trips take about 5 days. Passengers can return to Bengkong or vice versa by the Fa direst Steamers LINTAN and SANUT. These ressola kawa superior Cabim Company socommodation and are lighted throughout by electricity, Electrio Fan in Dach Cann.
Booking Office open daily (Sunday excepted) 9 a.m. to 6 p.m.o Further particulars may be obtained at the Office of the
HONGKONG, CANTON & MACAO STEAMBOAT Co., LTD.
Hotel Mansions (First Floor), opposite the Blake Pier.
ON BALE.
TABLE OF "THE
ON SALE.
Roemer EXCHANGE AT BOMBAY ONGEONG HANSARD REPORTE
of or preceding the departure of the For Demand Drafts on London on the day English Mails; also Table of the Yearly Approximate Averago
for 23 years,
FROM 1874 TO 1909.
PRICE
On Sale at the DAILY PRESS Office of Local Booksellers.
of the -MEETINGS ... of by the LEGISLATIVE COUNCIL Los Session 1915,
REVISED BY TBR MR. 225,
PRICE
DAILY PRESS OFFICE. Hongkong, 25th Febecary, 19