THE GYMKHANA.
*
SATURDAY, JULY 13TH, 1895.
THE HONGKONG TELEGRAPH, SATURDAY, JULY 13, 1895.
INDO-CHINA STEAM NAVIGATION | fair bouls. I do not think there is any other
COMPANY.
The fourteenth ordinary general meeting of Commilies:—Capt. Goold-Ada#1, RATR the above Company was held at the offices of Alexander, Eiq, R.B.: A. Babington, Erg the Company, 29, Cembl", E.C., on rgth allimo Li-w.Col. Barrow, H.K.R.; Hoa. J. J. Bell for the purpose for celving the report of the Irving: Hart Buck, Req; Lord Chas. Conrug-Directors, and transacting the ordinary business bam, R.P. W. A. Cralcksbank, Erq. Capt. of the Company. Mr. J. MacAndrew presided. Gordon, R.A.; R. M. Gray, Esq. ;, Cept; Love-
The Secretary (Mr. A. Cheyno) having read band, A D.C.; A. S. Manner, Erq.; G. C. C. the notice convening the meeting. Master, Esq.; Lt. Col. The O'Gorman, D.A.A.G.; CES. Taylor, Esq. R.A; Commander W. F. Tunnard, R.N.
Fudges-Hon J. I. Ball-Irving and Lient, Col. The O'Gorman.
Starter:-A Bablagtoo, Esq. Clerk of the Scales :-R. Alexander, Esq. Timekasper :-R. M. Gray, Esq.
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mafter I need call your attention to, and I will conelada by moving that the report of the Direc tara and the accounts for 1894 #s presented he approved and passed.
Mr. MacGregor seconded.
Mr. Warren asked whether the Chairman
world state the meant they expected to obtain from the Chinese Government in respect of the Kowshing ·
The Chairman said it was not desirable to make a public statement on the matter.
The roart WAR then put and carried unanimously.
The Chairman moved that a dividend of 8 per cent., as recommended to the sport, be and fo hereby declared, payable on 15th inst. Mr. Watson seconded, and the resolution was carried.
Thorelling Director, Mr. W. L. Watson, was unanimously re-elected,
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ENGLAND'S SCUTTLE;}}} some Habilities of the steamship Kowsking, ad a dividend declared of 8 per cent. for the rear, borbing £39,671 am, od, leaving £1,516 21: ad. to be carried forward to new account. The balance at credit of underwriting account amounts to £78,280 135. 91. The dividend warrants have arrived and will be issued to-day. Chine and Manilas are wanted at $55. A few Deless hve been done en wit mera offering. Chine Mutual; uoch ingud,
REFINERIES. Chiass have been done at $104 and a few might be placed at that rate.
When the history of the present relations of England and China come to be written ond word will auffle, and skat word is "scuttle." #Kver since the China-Japan war broke out a weak policy of cowardly retreat has been pursued Soon after the outbreak of hosililties an outrage was perpetrated on a British ship belonging to leading British reamship Company. Eight lang months passed, during which China was being thrashed by her placky Hule foe, and then a partial reparation for the insult was obtained from the Peking Government. England made certain demands, which were gover complied with, and they were quietly put on one side as
they had never been made. Walls the war was in progress. China showed her ability to preserve the peace and safety of foreigners even in the most trying and exciting | times. Travelling In the "Interior was never to *fe and foreigners bad quite a comfortable
Luzons utterly neglected.
THE P. AND 0. STEAM NAVIGA- TION COMPANY.
+
The tooth half-year'y meeting of this Com- pay was held on sath Juns at the offices, 122, Leadenhall Street, London. Sir. Thomas Sutherland, M. P., presided. '
On the mollan of Mr. Anderson, seconded by me of it up-country in China during the war, Fyleiding zo ounces of buillon, "There must be pay, and conuldedog the tmas-through which
Mr. Glover, Mr. Willum Paterson was elected direct. The fulltors, Mesars Turquands, Young and Co., were alen re-elected.
A vole of thanks to the Chairman terminated the proceedings. ap
Hon. Secretary protem-Godley C. C. paratively little difference to our trade. Where
Master, Esq.
EVENTE:
FOOT RACE ;'tw bandred virke; for Asiatics; winners of sny foot rice in Bangkang penalised 10 yards; fimt $6.oc; ercoud $4.00; third $3.00; fourth $7.
Fagal Beg, H.KR...
Gunda Singh, Aid. (sines
1
1
Fagal Shab, F.K.R, musimmat ↑ Rorban Kwan, H.K.F........................................ 4 HALF MILE RACE; for all China ponies; weight for inches as per scale, with 10 lbs. added: sabscription griffins allowed to lbs; bond polo ponies allowed. 15 lbs; winners at any race meeting of one race 7 lbs, extra, of two
or more such races 10 lbs. extra winners of
fxt race at the last Gymkhama meeting 7 Ibe, extra 1 penalties accumulativa; entrance
$1.00 first prize can valus about $491 Record 70 per cent. of entrance feen; third 30
per ceat,
Mr. J. J. Bell Irving's Daylight rast tribe
Mr. Master T Lord Chas. Conynghem's Glentles, rost_raib
Mr. Radcliffe z Major G. K. Moore's Sweetbilar, rat zib
Mr. Taylor 3 Six started. Won by a short head; Sweetbriar
a Food third.
FOOT RACE; Dorn to all European soldiers; Victoris Cios vacé'; to, ran goyards to hurdle, jump hurdle, plek up dummy and back over Bundle, pest starting post carrying dummy first $7.00; oond $500; third $3.00; forth $3.00,
Pr. Halo
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The Chalan sald:-1 presome, sa asual, you will allow me to take the report a read. It is an agreeable duty for me lo congratulate you, upon the satisfactory results of the working of the past year, and upon the Increased dividend which the returns have enabled the Directors to pay you. Wo have been very fortunato in barjpg no loss during 1894, with one exception, for which we expect to obtain compensation; and the war that has been carried on le China dering the latter part of that year has really made com
there has been a dimination in the freights and rates upon one line, it has been made by lacreased returns upon another, and the total result has been exceedingly favourable. The absence of any less in our fleet is, I think, dua very much to the care with which the steamere have been navigated, and reflects considerable credit upon our staff of commanders, officers, and engineers. This year has, no doubt, been an exceptional one in the earnings of the steamers - and in the shipping trade, as you are all aware, we must expect to experience auctuations. regards 1995 I may say that it the year continues to progress as it has commenced we shall certainly have no canse to be dissatisfied with the result, whatever may be the precies dividend it will produce. The list of the ficet
Ai
ended to the repart shows a dimination
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HONOURS."
poor
Dr. Wello was "done to death." Certala
A solitary bad case occurred in the north when demands wars put forward on the part of Eng- land and a great show of compliance was made by the Chinese. The official responsible for the affair was cashierad 1. So it was reported, and the British Lios rabbed his eyes, waggod his tall, and wont to s'eep again. As a matter of fact the official was saved the hardeḥios and dangers of the war and retired to kie village where he was received with avery demonstration of If that which the writer of the following letter oy and honour. There he is still supported, and In due time, when 'western eyes are furaed away, way is true, he speeurs to me to have a
he will be called out for service agala and rewarded for his “lovalty."'"How onay to hood- substantial grievance -
wick those stupid English," we can imagine astole Chiness officials remarking to each other. Before the Emperor has removed his hand from the Great Seal of the Empire in the set of ratitylug peace, we find Great Britain is again in salted in the now famous Kuling came, Everybody knows how England has been rated in this
"Honored St-I dne odd'j'be at the-- Office. As I was renching to a bit of hoard ing to get at the pipes the other day, one of the gentlemen Stry or amrikler of the 2011, they call him out and barks me George Decleren. sir seys 1. Well, Docieran, my money he, we are
my name,
in great trouble here."
"Ow's that?' sove
No, they have no legal power whatever to make an honest man a KCMG. without his deliberate consent..
Toaching upon the matter of ![taler honours, no living Englishman more fully deserves to be knighted than dos Dr. W. G. Grace, the cham- plon ciicketer. It is cricket more than any other rama that trains the Englishmen to be what he go frequently is--courageous, quick of sight and of netfan, able to form immediate decision, and healthy equally in mind and body. As the chief exponent of the national game it would be's most graceful and popular sci were Mr. Grace to be knighted by the Sovereign. Far better does he deserve the distinction than do those trumnery hangers-6s of the Michl world who earn it by hours of obsequisas begging in the office of Ministerial Secretary,
By the way, why should the various Colonies not select from amongst their own members their Governe, Colonial Secretaries, and other officials? Is there may sound reason, except the requirements of official patronage at home, why the governmental staff of a Colony should be entirely, or even partially, supplied from the Mother Country -Truth,
i
affair.
ülcel by, the cruse of sellon now indelged The naval demonstration on the part of France in by H. Minteter and the Foreign Office. Causes Chang Chib-tang to wire "There must ba ne lot at Kluklung jast pol.” As soon as this prohibition is withdrawn the officials, if they think anything can be gained, will turn on the lap and a slot will be the revelt.
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While this case is still on, the entire West is set in a blase, and hundreds of Britishers are com« piled to watch ever and then flee for their lives. English women are brutally kicked and insulted by soldiers wearing the Chinese Government unliam, and Englishmen are robbed, waylaid] || and stripped even of the cloths upon their backs At this moment ecores are escaping with only their bare livos, For now nearly six weeks they bave been in this plight and have agalo und again appealed for help. A deaf ear is turned to sil their entreaties this time no demands even held are made; the officials are only responsible, the case were not-so- desperately serious wa should smile at such responsible " chiidlab folly. The officials "beld indeed! They have known of the responsibility and borne it long ago. In the meantime no effort is being made to save British property or the lives of brave and noble men and women, As one writes the hot blood of shame rises to one's checks at the thought of such deeds being done with scarce a protest.
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The Chairman, in moving the adoption of the report, expressed the hops that that docu- meat would be regarded by the shareholders as antiafac osy. The Directors were shia ta declara the usual Interim dividend, which they had MINING STOCKS-Frem Purjum a telegram
tally dained, and not caly fully exrazd but has been received, stating that the mill during
had something left over which they could Jons ran only 24 day crushing 710 tons of ore.
place to the celli of the nexf hall-year's, work- yielding 347 ounces of gold, and 107 tons of lng, and under, those creamstances he trusted headings, yielding 39 ounces of weld, good and, indeed, he had way little doubt that at the The cyanide process, so far, and of the year they would be able to declare average result. has proved a failure and operations have been, their usual full dividend." Although be admitted suspended ; the plant ran as daye, trusting 5351| that their dividand was a mederate one, mill tonsfol tailings, and 86 tons of concentrates, upan the total amount of the stock of the Com some mistake at the mine in the treatment of they were pasalog, he thought. It must be the tailings, since a trial shipment (taken from regarded as a respectable disidend, (Hear, haar.) the same heap of tallings now being treated at Haring dealt with the wailous adveres circum. the mine) to Landon averaged nearly 1/3rd or. stancia against which the Company had had to gold ter ton for the fallingy, and nearly for contend, he deplored the unfortunate falling off the concentrates. On receipt of this unfavours | in the Crada of the country as compared with the newe, the rate dropped to Sił, but business has firarm of rome four or five years ago. Under face been done at $41, $4.90, and #5, and the | thapa #deme circums’anez he was glad that market c'oses strong at the latter figure ; pro- | during the half year to which the present report faranga shares have been sold at $1.40 to $1.50. | referred they had been able both as regarded Charbonzagen sro in demand at § jos, but sellers freight and passage money to show an increas
as compared with the coïrespond'ng period of refuse to accept that rate. New Belmorals con- Hose in demand at $5.00, at which rate some the previous year, but unfortunately the low business has bean donn, Jelebus have changed rate of exchange bad neutralised this increased hands at $3.30 to $115 and are in demand.
rerenne, There could be no doubt that the Eastern.trade had been extremely disappoint- Raub have been sold at $4 to $4.10 and are wasted; a telegrama from the mine says that the ing, and there had been a falling off in cotton second crushing of the your la finished, 2.400 and in seeds and other important staples, and, lans of stone realizing 1,500 ounces of smelted Indead, the markets of India were only saved. gold. This is a distinct fræprovement on former from absolate Improverishment by a phenomenal crushings. The two crushings of this year joe crop, which had been enormonaly to exces realized 2,550 ounce, while the four crashings of the amount of the previous year. If they In 1894 # only 3,091 ounces, and those of turned from India to Australls, they would 1891, 4.881 ounces of smelted gold.
pereaïws that they had again suffered in con- DOCKS, WHARVES AND GODOWNS--Hongkong sequence of the continued low mice thai had and Whampos Dock shares bave been done at ruled for the Australian commodity, wool. After ra; and 104 per cent, prem,, at which latter sate
the crisis through which the Austrálian oslonies there are buyers, sellers suking 105 pm cæt had pasand, there could be no doubt the most severe economy had already been and would prem. Wharves have been done at $41 and are stendy at that rate ; this company will pay still have to by exerclesd by those colonies for an Interim dividend of zi per cent on 29th some capsiderable time to come. Chios, on the Instant, transfer books closing from 23rd to 29 h other hand, showed a better state of affairs. There
Wanchafe, are. wanted, but none kad been an unusually larga export trade from Instant
Chian during certain months of the year, but he offering.
LANDS, HOTALS AND BUILDINGS.-Hongkong scarcely expected to sea it maintained, because at 8591 The usual interim dividend of $1 per protuce, was buried forward in consequence of Lund are quiet, and a few shares are to be had' he was inclined to believe that a large man' Cof
share in payable on the sand Instant, transfer
the war with Japan. It was much too soon far good authority that the catalogs this year com conflict between Chlan and Japan, either com- any one to predici the results of the Ista selama hooks clasing on the 20th instant; I hear on
pare very favourably with those of previous mercially or politically, but he felt sure that a new years. Other stocks ander this heading | snd seriona Ensterà quesilon was Hsing os unchanged.
the political horizon which would add vastly MISCELLANEOUS, -Green Islands-ére qulet, | to the anxieties at those who had to safeguard without sales, but stendy. A. S. Watsons have || the Interests of Great Britala in the Far East. changed hands at $98, and are on offer : buyers Apast from the political asset of the situation, are willing to pay Soi. Hongkong Electrics there was, of course, a natural anticipation of an changed hands at $4.90 and $5.85, and close enlarged intercon se in the the future with China. quiet with further sellers. Ga and Repa For his own part. however, he was of opinion
Goa sharea are wanted at former istes. that the worthy Chinaman, for whom he had the Fenwick's have been parted with at $15. greatest possible affection, was as slow in peace'. wanted at $83. Other stocks unchanged. as he was in war, and, speaking with some little experience of that empire, he confessed that ba did not anticipate any sudden revolutionary development, Development would undoubtedly take place, but it would be, he felt sure, of a gradual character. With respect to Japan, they might possibly szticipate a somewhat more rapid march of events. He thought_Japan_was_likely, during the next few years, to exhibit vary marked progress, but he was afraid that her "progress" would be of no benefit to alther British_mÉRU. facturers or shipowners. As Bombay had super- icded Manchester in the spinning trade to a large extent, so Japan was now straining avery nerve, and had succeeded to a largo extent, in supursed- ing Bombay. A small straw showed the way the wind blew, and a single fact, such as was brought to notice a few days ago, pointed the direction he was indicating. Only twe yesra ago an enormous trade was done batwazz the north of Europe and India fa lucifer matcher bat within the last twelve months the whole of that trade had, he underste od, been absorbed by Japan... They must look forward to the fact that Japan, with her enormous resources, would be a serious competitor with this county in the great markets of India and China. He need scarcely
SHIPPING AND MAIL NEWS.
MAILS DUE!
· Canadian (Empreis of Fapan) xgih inst. -Australian (Talysan) 19th inst. Tacoma (Tacoma) 19th fast, American (Peru) 19th fast. American (Coptic) 28th fast.
H.M's Consuls and Minister make of one vessel, that of the Kowsking. The other two weszele which no longer förm a net of the 1. As any other pines been and bust 2. strong representations and the Chiness officials Beet, the Tai Wo and thu Kung Wa, going to No, eys the sertleman. It is this mapons with a fass and show of concurrence, 1895. The Tat Woo ought not to have been We have made everybody K.C.M.G. that wiressant, despatches malied, reports made, lost if proper care had been taken. The com we could think of, and there are no more enquiries instituted and no end of machinery
net In motion. What is the outcome mander on that occasion happened to be it, and applicants upon the books. As howGTET, WO the vessel was in charge of the chief officer, who must keep nu-hands in somehow. I have decided Absolutrir nothing, but a consciousness of the utter helplesscess of our officials here in the is no longer in our service. The loss of this to recommend you for K.C.M.G'No you don't.' vessel cost as some faconvenience at the time seys 1. And with that I packs up my tools and East. Tals is a most degrant case of bad faith. In keeping up our regalar routine of rvice upon helted. I won't have no K.C.M.G.. and be Native authorities officially, over their our the river Yangtze, bot the general agents laughed at by all the men. Tustion is justion, } sest, siction an enterprise and accept certale promptly fitted up the Take to take her place, and though I am por hard-working man. I | Tees, as land then immediately set to work and and she is doing very well there now. The new means to live it I beg, honoured sir, that you wreck the whole scheme. The Britisher appeals vessel building on the Clyde will replace both will protect me and areas what I as my rights.nothing, for gostilve injasy to all foreigners is Government, which is able to do less than the Tai Wo and the Xung We, She is of much-George Doṣleran," larger alse, and wa haya every expectation that she will prove well adapted to the service to which we propose to put her. The vessel that we have authorised to be ballt at Aberdeen will also be in many respects better adapted to our trade than tha Kowsking, which she will replace, and also carry a larger cargo, New, for the loss of the steamer Kowshing we expect compensation from the Chinese Govern- destroyed may be thought that matter destroyed her, the Japanese ought to pay for Seven entered; Ryder won easily.
hay. That le not the view taken of the matter, and, in making our claim, we are acting under HURDLE RACE ONE MILE ; for sil China ponies the advice and direction of the Foreign Office in weight for Inches as per scale; wlaners of London 1 and 1 may say that we have received straplechase or hurdle race rolby extra ; dona
avery attention and kindness from Lord Kim Ade pole ponies allowed yib. entrance $1beslay, who has personally devoted a good deal of
first prize a cup value about $40 ; second' ya
attention to the study of the case, which certainly per cent, of entrance fees; third 30 per cent.
ralees some novel features in international law. Captain F. R. Loveband's The Friar, cost Bib But, as you all know, both the Foreign Ofice Mr.Taylor sad the Chinese Government_move_slowly, and Mr. Hart Buck's Voltigeur, "1st r1lb......... Although we folly expect to obtain payment
Mr. Hart Back a
is due course, the amount due to us his not yet been paid. The Japanese authorities also arrested our steamer Pik Sang on account of her baring on board a quantity of cartridges, and they carried her off to Japan, and submited the case to a Japanese Court of some doubtful Legality, because it is understood that at the present moment British subjecte still enjoy the privilege in Japan of being tried by their own Consular officers, and this is to remain the case until the clauses of the new testy come into operation. However, it was shown conclusively before this Court that helther the Company nor the officers of the vessel had the slightest knowledge of any contraband article being on board. The shipment of these cartridges, had been made ostensibly in the name of a German firm in Shanghal under a falso declaration, but the probability is that the act was the act of Chinese servants acting in collusion with the mative authorliles, and the result of the trial fare this Court was that the steamer was eventually released and returned to Shanghel. In the report the Directors bave noticed the our greatest industry, our overeen carrying A very exciting macs. It resulted to a very necessity for making an increase to the fleet. This trade." Mr. Walter Long, M.P.. thought there papelar win by Mr. Gedge, who, If we usistake, was strongly urged usor us by the general agents would be some little difficulty" la getting the has now scored his first wit. Time, 47 pace, in China and in point of fact they have not been Marine Department of the Board of Trade able to get the supply of vessels to meet the perseded by a Minister of Marine, Mr. Gibson THREE-QUARTER MILE HANDICAP for all requisitions that their local business demands. Bowles, M.P. wrote: "I wholly agree with the China ponies: first prize a cup value about An I have already said, the war has not made deprecation (embodied in the resolution you $50 presented by Thomas Jackson Emach change in our trade, but it is expected that rend me) of Government interference with the second yo per ecat. of entrance fees ; third go when peace is finally settled and the poitical shipping trade, for which no Government ever arrangemanis consequent thereon have been did or could do anything except mischief definitely arranged, there will be a considerable The shipping trade owes nothing to any Govern
· revival of trade in Chins, and that the local ment, but all to Itself; and I should be loth | After the evinis of the last few months anytato ChiyuEM L Compaaten there will benefit by it accordingly, to see either Minister of Marlon or any new may be expected to take place; of one thing the › look after | Chincsemay bɔ assured, and that is they "may department under any name set up | it for I should fear that this would result, not continue to il-trests' Biliishers just as much in fawer, bat in more attempts at Interference. 1
so they please and they will never be called to leal, therefore, grave doubts as to that part of account Progress" Caixa Gavstit. the resolution which suggests a new board of control-though I admit at once that such a board as is surgetted would be better than the Board of Trade as it at present exists..
Mr. Manner's Magic, 11st 8ib Mr. Cruickshank 3 Mr. G. N. Salmon's Q.C., 1st 4lb Mr. Power o -The Friar, cleverly piloted by Mr. Taylor, won by about two lengths. Magic a fair third. Time, z min. 31 sec.
THRIE FURLONGS RACK, for all Chias ponies that have never been placed at any race meet- log in Hongkong or Chins, or on any Off Day at any race meeting In Hongkong or Chlor, or at any Gymkhana in Hongkong; weight for Inches as per tevle, with vo lbs. added, to be ridden by riders who hiwa Döver won & PPCO at any race meeling in Hongkong, Chios, Japan, or Manila; entrance $11 first prize -cup value about £ja, presented by Lleat. Cal. The O'Gorman; second 70 percent. of entrance fees; third 30 per cent.
.
Mr. Master's No Go, 11st dib "......Mr. Gedge 1 Lord Chas. Conyngham's El Diablo 11st 3lb
P
per cent.
Mr. Power 1
Major G. K. Moore's Sweetbriar, rost zib... Capt. Radcliff
Mr. W. A. Cruickshank's Warlock, trat 615
Mr. Croickibank's 2 Mr. R. M. Gray's Pickanlony, trot 115 .......................
Mr. Taylor: 3 Mr. W. A. Cruickshank's Simple Simon, rost
5lb........
...Capt, Hunt Messrs. Lewin & Power's Danby, 11st gib...
to
MERCANTILE MARINE AFFAIRS.
THE QUESTION OF A MINISTER OF MARINE.
Our cup is about fall of indigestion and shame and the latest news makes it run over. A British Admiral with marines, bino jackets and well-found vessels of war, reutiling before a miserable gang of Chinese pirates! We cannot believe our eyes and ears. Where is our Anglo- Saxon courage? Is there none left among us that
Icon
THE Canadian Pacific, Railway Co.'s steamship Empress of Fapan astived at Shanghai at 4.30 s.m. to-day, and le:: again at 1 pm, for this port, where she may be expected to arrive at about 6 p.m. on Monday.
THE O. &0. S. S. Co.'s steamer Garlic, with maila, &c., which left Hongkong on June 18th for San Francisco, via Nagasaki, Kobe, Inland Sea and Yokohama, arrived at her destination
on the rath inst.
SHIPPING RETURNS. From 5 pm. yesterday to 5 pim. to-day.
ARHIVALS:
Fidelio...............steamer from Salgon. Hands. BENNE Adour
Mr. Willox, M.P., expressed his regret at being unble to attend the annual meeting and dinner
dare of the Mercanille Marine Service Association on do something-anything to uphold our the 4th June, as there were various subjects of country's honour? Admiral BULLER, whore pressing luterest to the mercantile marine foow Dame is dugraced by such an extraordinary before the country, Sir G. Baden Powell, M.F., action, in reported to be in Yokohama, and from wrote!--#I should have had something" | there orders his ships and man to fly for their
and condemoing 'restrictiva
livet. Why to be not in Formost? Is he Interference,' with
afraid? or must be stay under the cover of barrassing Government
Japanese guns for safety? Let him beg the Japanese to lend the Bittish Government and himself a few gunbosta ne na escurt to the Billah | Pallar mummonin flect, lest the Black Flag pirates destroy them. Britishers ook bere had better: petlilon the CIB Goverament to rezelve them as loyal
Moldava and protect them. Of what earthly due is an expensive British fleet and our costly British Coback officials? Better by farband the money spent on them to Chinesa mandarios as "famine relief Kaisow
Ceylon fund" than keep up the prozent disgraceful farce.
Phra C. C. Klas...
Mr. Bowles probably knows more about officialism and its ways iban any member of the House of Coromone, and for that russon his opinion should carry weight. To me it appears that until shipowners cast off the expineness. which is their curse their trade will always be the hunting ground of the crank, and the which political philanthropists balt with
COMMERCIAL NEWS,
HONGKONG IHARE MARKET.
Hongkong, July 13th. ́ Mr. Erich Georg in his Wiskly Share, Litt lessed at noon to-day states :—
Business during the week under review has been rather quiet.
#
70
Halphong. Shanghai, Canton,
Aggregating 5,913 tons register.
Pallaurus
DEPARTURES.**
teamer for Capton,
要
Stanghal,
Shanghal.
Singapore.
Singapors.
Shanghai,
Altmora. Spurnchu
Heistst.69221
"
14
自藏
频
Swatow c'c.
For land Saigon,
Girde ............
Yokohama, Kaisar Hind.......
Shanghai. Lys-moon SEMBOCK),
Canton, Sparton ..........................(cruiser)", Терда, Lutim...(gunboat), Shanghai.
Aggregating 25,131 tons register.
HOXOKOMO AND WHAMPOA DOCK RETURNS.
|| detto mi to Kowloom Dock:
Nanyang KØLVSTREKARE Lyderkorn nani?
'Tiger Island and Square Island lights, Ningps district, were exhibited on the 5th Inst. for the
that if this reunit should occur it would be owing in no light measura to the bounty which Japan would obtain owing to the depreciation In the value of silver. This naturally led him to refer to the question of exchange la connection with their own accounts, and be regretted to say that during the six months under review they had suffered an additional loss of £20,000 over that in the corresponding prried of the previous year. Their loss on exchange was now repre- sented by the tremsendous figure of £100,000 lar the whole year. He had no desire to make u bimetallic speech. That would not be the pizca to do so, and he merely stated faces as they afice'ed their own Company. It had sometimes occarted to him that if the present downward course of silver continued, some future chairman —he hoped it would not be in his time-wonki | have to summon the general meetings of tha Compray, not in Londer, but in Hongkong. Hyoge, or some great Eastern part, and that their carvice instead of bag pivoted on London es at present, would be pirated on rome port in the Far East, where thele expenditure, and ka was afsid their dir'dends also, would be paid in silver. Thele Australian passager rad showed
Ia
beir comparison with of four years ago racely to
of no less than £70,000. No mail contract with Australia by manns of fast and expassive shipa could di carried an on the baufs of wool freights or the privilege of esrrying maiton or batter, og fruit. passenger traffic was absolutely neces
R
The stipulations of the Treaty with Japan provide that certain new parts are to be opened, not
ot only to the Japanese, but to foreign trade in general, We come in under the favonzed nation clause there, and there is no doubt this may in time hhough the Chinese are very slow to move lead to a considerable development of the Mr. Fower ofnternal trade of the country. Well, we must Sweetbrier jumped off with a commanding lasd be prepared to follow that trade wherever it goes to or shows algus of developing. This is a and bolding the rails throughout ultimately won
|matter which is engaging the attention of the by lengths. Time, mln. 39 secs.
directors at the present time, and they will be LADIES' NOMINATION, Screen Race-Compe prepared to do whatever appears necessary in thors to start mosated at the winolog post providing means of communication. Of course
BANK SHARES-Hongkong and Shanghals. we cannot make extensive additions to the fleet on the race casino facing up the Vallay j on
changed hands at 186, 185, 184, and 1813 pe first time since the beginning of the China-Japan say to a mail contract, such as that of the fall of the fing dismount and receive a without additions to the funds at our disposal, buttonhole banquet from nominators remount and it is very probable that money may have to will obtain voles. When they recognise, as coat, piem, for cash, also at 185 per cent, pram. and jump on to the training track at a place be raised for that purpose. At present the Mr. Bowles has already told them, that the for gist July, market closing with sellers-as-185 | Wa marked; jump two flights of hurdles and pass demande spon us are not sufficiently large to worst thing to do with any Government Depart per cent, prem,. for cash, 184 per cent, prem, for through two paper screens; first past port wins, make that a pressing matter, and whether woment is to van sway from it, and that end of there to audit, the Directors proses to Norwegian steamer Bygde is to be the plonear made a new contract for the conveyance of the month, and at equivalent rates, on It is reported in shipping circles that the Past Office sutherlites la Great Britain, had No dismounting and no whip nor spar allowed; decide eventually to preseed by loans upon the something is always to be gained by fighting. any rider disqualified who makes a hole in the security of the fleet, or by the issue of del matures, they will have got over the first difficulty. But pay a dividend for the half-year of 55 shillings bost of a new line which is to run betwem Australian malls, which would make them screen in any way otherthan with his mounts am unable at present to say, but if debentures who is to do the fighting? At present there is per award (stez, of 2/18), to carry $100,000 to Shanghai and Canton. The line is to be started synchronise with these to India and Chins, on
or with four chartered boata, but new steamers are ars issued the shareholders will be properly no one. Shipowning members in the House reserve, and the balance of abacation is to be specially built in England. The Company tract had been carried on for the past seven to win mast have houquet properly laned in
the same financial terms as the Australian con... buttonhole; two prizte prasented by Messrs. advleed of the arrangement proposed. The are of two classes those who, representing the ward to
to 55w account, The London R. M. Gray and G. C. C. Master..
accounts laid before you do not require great mail lines, are scarcely in touch with the £44. Nauonals are weak and on offer at 1471. Jaceported to be about to run two steamers do years. Next year they might expect to receive
MARINZ INSURANCES, --- Usions, ara in the Hongkong-Cantan Use.
amice of the termination of their mall contracts Nominated by mach explanation from me. You will see by bulk of the carrying trade, and do not trouble
with
Australia, India, and China, which would rezark made under the head of assets that about it and those directly connected with the demand at $1679, but so shares, seem to be „' Mr. W. D. Graham's Haughty, Mrs. Richardson
the sum of £405,993, representing the value of
The many friends, foreign and Chinese, in the now all terminate in the year 1893 and they won!s
with the matter when it arose on the ma Capt. P. R. Loveband's The Friar... Mrs. Leigh the first, inclungs the nowaning, destroyed in cargo trade who dare not say "Bo to a gover, and obtainable at present, Chias Trade, have been Mr. H. F. E. 'Lewin's ́ Tommy..............Mn. Botfield | July, and wa return it in that form, as tremble at the very mention of the Board of ❘ doné at $59′′and arš steady at that rats. Noeth | Far East of Capt. Mackenzie, who' commanded inciple, so far as they could, as they)
Trade, to the inflatie amusement, I may remark, China's have been done in the math at Tis. 190 the Canton lluer Kwong-hot last year and with them before. The generosity with which Mr.W. A. Crosciabank”. Engineer, Mrs. Hawkins | mpact to obtain the vilun of it from the Chinasai of the Barnacles themselves, who know the wosk | Kad 1918) YIDm, at Szốc, and Straits have / received from the Chinese community a hand-
!
Mr. Burton's High Bayer............M, Gray Mr. Landale's Endeavour............... Miss Boyes Mr. G. D. Campbell's Chop Choo, Mrs. Sanson Mr. G. N. Salmon's Q.C.Mrs. Modes Five Started. Some trouble was experienced in getting the mokes through the screens, and when they came to the last one Highflyer Salt, throwing his rider, Mr. Barton, but luckily he was not hurt. Mr. Loveband, an old hand at the game, won, Mr, Taylor being and and Mr. Cruickshank 3rd,
During the afternoon the Band of the 1st Rife Brigade was present (by permission of Major Noel and the Officers of the Regiment) and played a very pleasing selection of maste in their
moun) faultious stylų--
Cantone to la
and he was glad to say that the ZORERIN
Australia, recognising this fact, as well as the
hnd
some silver cup and sille scroll as a mark of the French Government had treated the Com recognition of the waisable services he rendered Paris Company, in conscction with their s to the Chinese during the epidemic of plague services must be taken into consideration with In mall will be glad to bear that he has been appointed to the command of the Pasig, vics Capt. Stavern who has gone north to join the prosparous Tako Tug and Lighter Co.'s service.
could be placed at $93k. Government. There is a material reduction fa points of their own armour better than anyone. the amount due to the Company in Chins, and There is only one way of getting round this changed hands at 8188. 138 and 319 weak and
$19. this has placed our account there in more difficulty. I polazed it out years ago, and I FIRE ÎNSURANCEL.-Chinas
repeat It now. Let the shipowners, through the
ismail lot is offering at 683). In Hongkongs satisfactory position, and also considerably increased, in consequence, the cash avaliable, Shipping Federation if they like, take steps to
a fair business has been done at 8305 to 8312k,
regard to their own fatars will services. The The exchange account, which has so long been return to Parliament a member of their own. market closing firms with further buyers at the
had about nine years to fun; were recently contracts of the Messageries Company, which a matter of serious lots to us, abows this your a £3,000 or £4,000 8
secure Year will
good latter rate. man whose daty would be to delend shipping decrease of 67,785, but I sincerely hope this is
SHIPPING-Hongkong, Canton, and Macao
renewed by the French Government for a period the last occasion we shall sex items of sey interests from the kind of attacks which sea Steambɔals bars changed handa locally, and to
of twenty years, with no abatement In the amount this account. pon
We hardly think
The Liverpool lug Blaser recently west irem of the subsidy, The palley of the French Govern comman to both parties. A knowledge of the the North at $32 and $318, and at the former that the price of silver is likely to go lower. We subject and an acquaintance with the rules of rate a fale number of shares are on offer ; I hear her home port to Rio de Janeiro, to tow thence ment in taking this
enable slep Wa
*Kamerally ! have wriven down all assets to as, ide
dollar, per
the House-the latter cally to be acquired that the Company will pay a dividend of $1.50) 10 Genor the disabled steamer Colombo, a
to construct asw their rivals to
swister vessels and
I exchange since then has been rather higher are essential. There would be no trouble in per share for the half-year. Indo-Chinas, verwel of 2934 loss. On the way to Genos with in order
British to compete with
ships
for British than that, sayernglog as, ad. We scarcely Bdding the man, or the money; and if that were After = of fancifully," are to demand again her tow she had to call in at three places for commence. The fact should be widely knewa therefore, think is necessary to make any farther done a step would rapidly be put to the present at $54 6.d, but holders demand higher rates; coal, making the distance travelled about 5500 and ought to have an important bearing on the provision upon that accre. Having been rather system of harassing shipptog, sometimes by the this Company has issued its report for the past miles. From ber starting point at Liverpool to fatars conditfour under which the mall contracts short in the depreciation credited during the Government, at others by privata, cranks in year. The net earnings of the steamers amount Genon the tug travailed over 11,000 miles. She would be granted by the British Government. In past two years we have lucressed the amount collusies with the Government Shipping Bills 16 (91,672 5 18, of which 15,831 has been sellipsed all previous records, and won for herself view of the action of the French Government, they and have willen off 35,831 from the raine of are not the only Bills a shipping member might | writse off for depreciation, sum of £1,000 the honour of having successfully accomplished warn under the necessity of at once prdaring two tko fleet, whlah, Tchliky now puts is upon a very block=~/The " Lesk-out Mää" in Fairplay:- plased to a surpose socvusi in connenten wich ❘ the longest ocean soir ou`rroundi
mement
new and larger’vasofa for their service in couSDS-