GLIMPSES OF CHINA.
MACAO.
Hongkong, 4th May. Matan is a Portuguese settlement on the mainland of China about 40 miles south-west of our colony of Hongkong.
It is a place of no little bistorical interest, having been occupied by Portuguese traders as far back as the year 1557. Previous to this several of the neighbouring islands, Chia- Chew, Sianpo, Tamao, &c., were inhabited by traders and missionaries, of the latter the most celebrated being Francis Xavier who died on the island of San Choan (St. Yolins sealand).
As in the case, of all the eariler European settlements in China, Macau was for long sub jected to attacks and raids of pirates and
adventurers. The Government at Canton
nominally accorded their assistance to the trade and sellers, but either by design or by inability, the assistance accorded had but little effect in preventing these attacks. The Por toguese accordingly took measures to insure their own safety, and armed vessels to rid the neighbouring seas of these marauders,
The town of Macan, which was founded by these traders as soon as they had gained a secure forting on the cust, soun rose into prominence. The proximity of the important Chinese capital of Caulon was the chief factor in this rise, for traders early recognised the value of a sea port 50 situated as to be easy of access by river from this centre of native irade and yet affording anchorage to sea going vessels. The settlement includes a strip of land of about 14 square miles in extent on the western side of the estuary of the Canton river, and the town and harbour are most picturesquely stunted on a narrow peninsula of somewhat hilly and broken formation, the bills sheltering the town both to the north and south.
THE HONGKONG TELEGRAPH, SUPPLEMENT, MONDAY, JUNE 8, 1903.
nut distinction of race, religion, or nationalty, drought; but the greater part of the land is still and at the same table may be seen not only unsown, baked dry to a depth of eighteen in celestials, but also Frefish, French, German ches or two feet, so that it will take a lot of and Portuguese, equally immersed in this soaking before anything can be sown. The fascinating lottery, which although not boast trees are many of them almost stripped of their ing the scientific appliances of Monte Carlo or leaves, and look as if autumn were already of European casinos, yet, as played by the here. There is no food for the animals, and a Chinese, possesses no little charm for the true great deal of sickness amongst them in conse gambler, to whom the essence of the sport isquence. Your prayers for rain are most urgent- found in its absolute uncertainty and varyingly needed; for if it is delayed much longer, there will be no time for the larger crops, espe cially kuoteang and small millet, to bear any large yield of grain. Indeed it looks as if the tales of famine that have reached us from the South may not improbably be repeated much nearer our own doors. And meanwhile the
results.
To describe the game would be difficult to enable a full knowledge of its niceties 10 be explained, but its most salient features afe a series of wagers laid by the onlockers on certain numbers, and these wagers admit of many combinations, which considerably complicate the gaine. In other respects, however, it is very simple as it depends merely on the numbers of cash that
are found to be contained in a handful seized
at random by the "croupier" from a heap on
the table before him and counted out. The
gambling spirit is not confined to the fan-tan tables only, but permeates the public and private affairs of the colony to no little extent. As in many of the smaller European states, Government lotteries are recognised sources of revenue, and in such a degree does the custom prevail, that even the religious institations and hospitals have their own lotteries from which they derive a fixed and certain income.
usually wealthy merchants of Tientsin, who are always liberal contributors to famine funds, are themselves being heavily impoverished by the financial crisis which is prolonged from week to week without any real signs of improvement. It is not surprising that under such conditions there is ominous talk of what the end must be, when the strain on rich and poor, town and country, becomes unbearable. The time may come when individual suicides and individual patience will no longer meet the need:-is it too much in hape that before it comes, talk will have given place to action, and Gallio have made room for Paul.".
News from all round indicates trouble and sickness on account of the drought. At Yang Macao, owing to its vicinity to Hongkong, sun only a few miles from here heavy rain has Kains each year a large number of visitors, been experienced, and the land is flooded for nat only of the residents of the latter place, in some distance. But the majority of districts whom it affords a change of scene within casylic parched, and in Peking all-pox is said to distance involving a short trip by sea, but also
be raging, 1,000 deaths being already recorded of the many tourists of all nations from Europe from that disease alone, and America. Canton to aids in attract- ing this flow of visitors, 10 the Portu gnese colony, for the latter is situated at the mouth of the river on which the Chinese Capital is built, and the visitor to Canton, that quaint and typical monument of Chinese ex- clusiveness and enmity to progress, must perforce on his way vitit Macao or at any rate
pass within close view of it. Few then are
The hard blows we have bad yesterday re- sulted in a small launch laden with passengers (Chinese) and luggage from the fisinchi being swamped on her way from the Bar, and a num- ber of lives lost, the little craft being overtaken by a squali, and being too heavy laden to rise to the waves.
|
general good of other Powers whose pockets are far better able to stand the expense.
Thus Russia prospers in her silent, per sistent game: saying little unless it is to deny some report that, true or falso, sets the world to talking too much about her plans; never devinting from the path she has chosen, no matter how much wordy opposition she may encounter, in the firm belief that she will be confronted by no more serious obstacle.
Now is the time for Great Britain to formulate and declare a policy in regard to her relation
which it conducts its bullion and other business, The directors now propose that Pen to bay bar gold in exchange for its legal 111,656f030 be added to the reserve fund, rais tender notes at the price of 778. 9d. per oz. ing it to Yes 1,784,579/716; Yen 700,000/0:0 The difference between this price in paper and to the fund for the extension of service and im- provement of the fleet, bringing that amount to the Mint price of the metal in sovereigns re- presents the range within which the Bank Yen 2,700,000/000; and that Yem 71,358/11o be can purchase the metal, either at a profit or allowed as directors' and auditors' fees. From without danger of loss. On occasions of ex- the remainder the directors recommend a divid- treme pressure it has given as much as 775. end at the rate of ten per cent, together with two per cent, as special dividend, thus making 10d. for bar gold, thus sacrificing all but the alenderest chance of profit, but in all ordinary | twelve per cent., per annum, which will absorb times it buys the metal somewhere between J'en 1,320,000/TOP. 77a, 9d. and 775. told, per oz., as near the The balance, Yen 733,291/275, will be carried with China to which she will be willing to lower of the these figures as it can, and pays | forward to the next account. for what it buys in its own notes. The power to buy gold below its Mint price, with legal tender notes, resides in the Bank of England
alone, because it alone possesses the legal tender paper currency, and the three halfpence difference between the compulsory buying price and the Mint price represents one of the perquisites attached to the Bank's monopolist position.
REMPEI KONDO,
Chairman.
MANCHURIAN RUSSIA.
:
HOW SILENT PERSISTENCY HAS WON A
BATTLE FOR THE BEAR.
stand, come what may. One of two things must occur, and nothing can be gained by dodging the issue. Manchuria is in the hands of a Power that will not maintain the policy of the Open Door. So is Shantung. France is active in the south.
Either Russia must be forced to give up Manchuria, or the policy of the Open Door must be declared a dead letter. To be to the only one of a quarter of Great Powers to re- Port Arthur. "Be sure and write to me, and, others may preach it with fervour, is to exhibit cognize and abide by that policy, though all the
"Good-bye," said my American friend in
It may be asked, however, why does the owner of gold bullion submit to a reduction in the price represented by the Bank's purchases of standard bar gold at 775.gd. per oz.? Various reasons may be offered, but the most obvious is the saving of interest effected by the promp-sed, after all."
titude with which the transaction can be completed. An impo..er of gold can sake his metal immediately to the Bank of England and set 775, od, per oz. for it, payable in the Bank's n tes, and these notes are at once available for
the other purposes of the vendor. He can buy interest bearing securities with it; he can utilise the money in business; if a merchant can take up bills falling due, and in a variety of ways at once enter into the enjoyment of the fruits of his "deal" in gold. But if he took the metal to the Mint he might have to wait a month or longer before getting it back in the form of coined sovereigns. Hence it is usually profit ible for the gold importer to turn it at ance into currency by taking it to the Bank and Though it is late in the year for ama-selling it at something under the Mint price.
entertainments, an excellent variety
Recently the Bank has been buying gold in the was given by the Ladies' Bene-
market at 775. gid, oz. and report says it has volent Society here last evening to a very
also been paying the charges for assaying, full house-excellent music, character songs, and tableaux all done in first class style. The Society is doing excellent work among the hospitals, etc., and promises to be a social
stand by.
leur show
·
The appearance of the town is, at the first impression, distinctly a European one and reminds one strongly of coast towns of Spain, Italy, and Sicily, in the Mediterranean. The fat-roofed houses are, many of them, painted in various colours-red, blue, and green-while the well-arranged and handsome boulevards add greally, to the foreign appearance of the place.
To revert to the history of the settlement. It must be remembered that its original occupation dates back so far as the sixteenth century but
the less, although traders of other 1 combination of frowning toits gay boulevards. boon to Tientsin as well as a philanthropic Bank offered no more for it than the statutory
none
European nationalities besides Portuguese were located there-notably those of the East india Company and the Dutch Company, which had both establishments there in the 18th century-still, watil comparatively recently, the settlement was, claimed by the Chinese as their territory. It was only aver paying
able to resist the picturesque charms of this Hittle European settlement nestling in its sheltered nook under the coast hills, and the hospitality which the Portuguese extend to all,
without distinction of race, and the gay tone
by the way, address your letters to Port Arthur, Russia. They like that over here, and it's really the way the letters should be addres
That was in Manchuria in 1900, during the first days of the Boxer uprising.
How well the events that followed closely upon one anoner's heels in 1900, and then proceeded more slowly, but as remorselessly as fate, bave proved the wisdom of the words of my American friend.
Naval and army officers in the Russian fleet and with the troops of the Tsar during the campaign that followed the Boxer movement secret that they looked upon made no Manchuria as Russian territory. The diversion of the troopships from Odessa from their original destination, which was Taku, to Port Arthur and Newchwang showed careful ob- servers in the Far East in too that Russia thought that something else in connection with affairs in China was of greater importance than the relief of the besieged Legations in Peking. Even clever diplomatists like Baron Wogack
the man to whom much of the credit of secur
The Powers were wamed in 1907 and in 1901, time and again, that the policy that Russia was pursuing was-aimed, without the slightest doubt, toward the absorption of one of China's great
which amount to about 45. 6d. per bar of 201 oz. And it is doing this because there is stilling Port Arthur for Russia is due, openly stated a demand for the metal in the open market his belief in the necessity of Russian control in
Manchuria. suffiiently active to cause the supplies of bars coming to hand to be taken for export if the
77, ud. per oz. Should this foreign demand become greater than it is now, and drive the
probability the Bank would cease to compete for it, for, as we have said, only in times of emergency does it pay the Mint price. These
the mistake recently made, and prevent angry outeries against the Bank directors for apathy and in inference to public interests. The limits operate are absolutely fixed-investais Neu'em,
work went on.
that characterises the place with its quaint
and solemn churches, all infused with life and movement of the brightest by a people so free The Empress Dowager is said to have been from care and pleasure-loving as the Port mored to tears at the sight of Chang-Chi-tang price up to 77s. 10d. per oz. or more, in all i provinces, but no one called a halt, and Russia's guese are, all these are indu ements to the white hair, and remarked that it was more than traveller to halt a while at this little out-of-the-twenty years since she had seen him last, but world spot, and enjoy the pleasures that rejoiced to see him apparently strong and in abound there, and be received with healy good spirits. She was much struck with the questions. In regard to all Russian affairs his answers were given in,such a low voice that
lively ajar at these audiences.
And now in 1993 we are confronted by two events of great importance, each of which
lack of common sense.
If the Open Door must be abandoned, no. thing can be gained-nay, much may be lost- by the postponement of the adoption of such a If it is to be retained, Russia should be forced to keep her repeated promises and evacuate Manchuria, and that immediately.
course.
Great as the difficulties are to-day attending upon this latter course, they will be far greater
to-morrow.-P.AL.G.
OPIUM REVENUE OFFICES
IN KWANGTUNG,
CARRYING OUT THE TREATY.
The Sin Wan Pao again gathers that the Peking Waiwupu has recently instructed the Kwangtang Provincial authorities that, in accordance with the new Anglo-Chinese Com. mercial Treaty, it is stipulated that China is permitted to retain her opium revenue offices but that a list of them should be made for, reference, therefore the Kwangtung Provincial authorities were requested to appoint deputies to investigate and make out a complete list of apium revenue offices in that Province together with their locations, the list to be sent to the Waiwupu when completed.
GOOD NEWS FROM CANTON.
Writing from Canton, under date 4th inst., a correspondent says: It will be interesting to Hongkongites, who have friends in Canton, and also to business firus, to know that all
a yearly rent for it up to the year 1840. welcome, and bidden farewell to with sincere energetic, capable answers he gave lo all her explanation may suffice to keep people out of throws still more light on the policy of steady goods entering here with leviable duty of not
when further tribute was refused, that the re- presentatives of the Chinese Clavernment were
in 1887, the claims of Pa tugal over the penin- sula were formally recognised by China in a treaty signed by the two powers in that year.
It is, therefore, the more to be wandered at. that the progress of the colony should have been so great, when these adverse circumstances are berne in mind. For it cannot be doubted that although overshawdowed as it is by the neigh bouring po. and colony of Hongkong which from its superior geographical advantages gains preponderance of the trade of Canton and Southern China generally, yet the thriving ap- pearance of this bustling little port of Macao,
regret
of
It is the idea of the Dowager and a few the men who have had enough of it' to put Chang in the Wei Wu Pu to deal with Russia. Chang" is not at all keen on it, and is making all manner of excuses; but he will be landed yet I expect.
IMPORTANT MOVE AMO‘G CHINESE
A correspondent who sends to the Marches- ter Guardias evidences of an interesting and,
The appriches in Mac are extremely forcibly expelled by the Portuguese, and finally be auzifui, an i resemble, to some extent, in a they were in audible to the cars usually atter of price within which it can
miniature fashion, the Bay of Naples. There is a fine sea-front, the Praya Grande extending along the full face of the town. In hotels this little colony is exceptionally favoured, the chief one being the Boa Vista, which is under European masazement, and as regards food, cleanliness, and hygiene leaves nothing to he
Sheng Tajen whose wealthy son-in-law in desired. It is heautifully situated, overlooking
order either to find favour for himself or his the Praya Grande and the sea front, and from its location it is cool and comfortable. Many father-in-law, in a rash moment volunteered 10 travellers will testify to the completeness of its refit the Summer Palace with electric light at arrangements, which combine privacy and re- his own expense. About three weeks ago he pose with a service second to none. Other | had the bad taste to die, and now the Court!
on the responsibility, which is a little but of although run entirely by Chinese, who if they nothing else, possess at least an extraordinary sell for Sheng, but he has to do it. power of imitation and adaption of civilized methods, when it serves their purpose to do so, and when they find that such methods lead to the attracting of visitors, and to a consequent increased advantage to themselves.
shows at a glance, that the old traders, Por- hotels exist, some of them excellently managed, officials are demanding that Sheng Tajen take he understands that the number of young
tuguese, Dutch and Fnglish, made no mistake when they elected this as a pot of call and a trading emporium in their voyages to the Far
East.
Some interesting relics of the struggle be tween the European settlers and the Chinese occupiers of the peninsula still exist. Of these a notable one is the wall built in 1573 by the Chinese across the isthmus to cut off the bar- barians and separate them as far as possible from themselves,
It is also of interest to remember that the settlement was temporarily occupied by the British on two occasions-once in 1802 and
again in 1808-as a measure of policy only, and to merely prevent the colony being seized by
.the French.
The colony is separated from the island of Heang-shan by an arch, built in 1870, at the end of the narrow sandy isthmus that lies. between the town surrounded by low ranges of hills which meet at an angle, and the buildings lie for the most part between these hills and the anchorage, but several of them occupy the neighbouring heights and declivities, upon which are also situated the Forts which guard the entrance to the post and river. There are a number of public buildings throughout the town, well constructed and of no little architect. aral skill. Of these the more important are the cathedral and several churches, the hermitages Government House and offices and the forts of San Fran cisco and Bom Parto. The trade of the place, although as already mentioned of lesser import ance since the occupation and development of Hongkong, is still considerable. There is a steady and well maintained expon traffic in tea, tobacco and preserves. There is also a large pative trade in rice, opium and silk. Several factories, chiefly those for the manufacture of tiles, bricks, and cement blocks, have also been established.
of Guia and Penha. tha
In the town are several places of interest. The Garden and Grotto of Camoes, once the resort of the celebrated Portuguete poet Camoes, are still to be seen and attract many visitors There is too a fine ruin, the facade of the ancient Jesuit Church of San Paulo, which was destroyed by fits in 1835. The Avenida Vasco da Gama is worthy also of a visit and is a favourite resort of the Portuguese ibbabitants of the better class,
TIENTSIN.
MANDARIN.
(From Our Own Correspondent.)
Tientsin, May 23rd. The races are over and every one is thorough-
The
THE MINT PRICES OF GOLD.
a
We are all very apt to tumble into error when we begin to talk about the standard currency of the country, and lately some of cur newspaper luminaries together with sundry transcendental currency philosophers from amongst the general public, have been roundly abusing the Bank of England for its "apathy" in allowing the gold that has reached the London market to be snapped up by foreign buyers. It ought to have bought all that came in, no matter what the price, the cry of these volunteer public instructors is. They forget that there is but a very narrow limit within which the Bank can buy gold, a limit fixed by statute. The Mint price of bar gold in gold coin is 775, 1old. per oz. It is open to any one in the proud possession of as much as 20, worth of bar gold of standard fineness that is to say eleven-twelfths gold and one: twelfth alloy to take that metal to the Mint and ask to be good enough to make the into sovereigas. The Mini
bars
will
ly glad as more wretched meeting as regards weather could not well, be imagined. Now things will turn round and go on in their usual groove. A variety entertainment and Roberts, the billiard champion's, visit are the only social fixtures before a general exodus for "furrin pai.s" as represented by Peitaibo and Weihai takes place. That the villagers in the country are not quite serene is indicated by the narrow escape a route reconnaisance party had last week from being mobbed if not worse. villagers got hold of some mule carts required by the military and there was a squabble in which one of the Indians was hurt rather badly.coin this gold at its convenience. It does not It was a trifling matter in itself, but shows the buy the gold with sovereigns over the counter, "unsophisticated native of to-day needs but, assuming it to undertake to work within a watching, and a little further on near Shankai
week or two-and it might not do it for many weeks the weight in sovereigns banded back kwan the people are workmen by day and robbers by night, most of them having very will be exactly equivalent to the weight of bars modern rifles indeed, said to be supplied by delivered. In other words, the Mint is not Russia,
empowered to make any charge whatever for
· Talking of Russia, some very colour de rosa
the work of coinage. It simply turns the bars telegrams from this side are going home now
into stamped discs of a certain fixed weight as the Central News representative is here, and and valued at a certain fixed invariable price their policy is to see no harm in anything per oz, in bar gold. That is the keystone of Russia does, and to represent the situation in our "gold standard" system. London in as favourable a light as possible. sovereign is worth its weight in metal of the We hear more and more of Japan's intention to same standard fineness the world over. How figh' and it is generally_hoped_it_is_true.___The then can the Bank of England pay, let us say... Russians have been engaging Norwegian 778. 10ld, for the metal when the sovereign steamers at Vladivostock to take provisions and only worth in that same metal 775. 1oid? It do general transport work, and small detach simply can do nothing of the kind, and when ments of officers and men bave been crossing over the pressure of foreign buyers on the to the Yalu lately in these boats.
market drives the price of the metal above the May 26th.
The British
Mint price in sovereigns the Bank is perfectly I have been a bit under the weather and stuck | powerless to buy, waleis it is determined to in my letter. A note from Feking received sacrifice the interests of its stockholders and yesterday states ¿—.
make a dead loss by its transactions.
A pitiable tale of harvest prospects reaches
us from the country fifty miles south of Peking.
Owing to the fact that the Mint does not buy gold with sovereigns when the metal is offered
The outlook is most gloomy at present. There to it, but simply accepts it for coinage, paying
is absolutely no wheat, and the people are most its notes for it, the Bank has become the one
advance and constant aggrandisement of terri- tory which Russia has adopted in the Far East, but still takes pleasure in denying.
First comes the startling news from. Peking that Russia has refused once more to keep her solemn promise and evacute Manchuria unless China accedes to seven demands which would -make-Manchuria as surely-Russian-as arè
Smarkand and Bokhara.
No sooner has this news'ser" the world a-talk- ing, and each nation wondering what some other it may be, important movement amongst Chination's Government will do, than Russia uese of the higher ranks, says he was introduced comes forward with the inevitable denial. to two young Chinese, one studying law in Russia's denials are invariably clever, and al- London the oiker medicine in Edinburgh. though they rarely deceive they serve a purpose They were both sent abroad at the expense of which is most far-reaching in effect. This last a wealthy and progressive Manchu prince, and one is exception to the rule.
While asserting positively that some of the Chinese abroad just now under similar circum most daring clauses of the attempted agree- stances, either at the expense of their parents ment were non-existent, Russia coolly admits or of wealthy patrons and friends, is very con-- the former establishment of certain conditions, siderable, and is rapidly growing. The Manchu and the desire to institute others, which, while and Mongol princes-the proudest, most they seem to be of far less importance than the ignorant, and most reactionary of all classes in portions which Russia bas seen fit to deny, will the country-are sending their sons to travel be found, when carefully analyzed, to be so far abroad, though not as yet to reside and study reaching in their import as to be fairly astound- there. Several of these young nobles are visiting, ing Japan, especially for the great exhibition at Osaka, and are then going to Hongkong and the Straits Settlements. If this ruling aristo- cracy could be liberalised and educated there might be hope for China even yet.
Of young Chinese of a less exalted class ho was told that there are over 850 now studying in Japan, many of them have been sent there by the viceroys and governors of various provinces at the public expense. Japan of course has the great advantage of being close at hand, of being comparatively chrapto live in, and of possessing a language cognate to But that the students return from Japan with "revolutionary ideas," and talk, after being a short time there, of popular rights, equality, liberty, and the like.
Chinese.
So much
When the reported seven demands were cader discussion prior to the statement on the subject. made by the Russian Government, writers were generally agreed that, should China grant Russia the control of the Customs and sanitary regulations of the por. of New- chwang, that port would be practically closed ta foreign trade under the existing treaties.
Yer what does Russia have to say on this
subject? Simply that there is no necessity for
a discussion of the Customs question, as such régime is already in force, and as to the aani- tary commission, that it has been rendered extremely important from the fact that plague was introduced into Newchwang last year by
an English vessel.
more than five mace will be passed free of Customs duty to bond fide residents in Canton. This 1 am informed is an action taken by the new Commissioner, Mr. H. B. Morse, and if only as a sample of his intended course of procedure for the benefit of the port, will make hi regime very popularMr.-Morso-has-been- appointed from Pakhoi.
AMOY MUNICIPALITY.
A BAD BEGINNING,
A native paper is informed at Kulangsu, Amoy, was made an international settlement in April. A number of Sikhs was employed to patrol the streets, but the natives naturally ignorant of the new Municipal regulations that came into force that day, and the very next day a vegetable dealer came into the settle- it was a violation of the regulations, cum- ment to sell his goods as he often did, but now
sequently in some way he was struck a heavy blow on the head by the foreign Superinten dent of Police and dropped down dead.
At the representation of the native authori ties, the Municipal Council decided to give a sum of a hundred dollars to the deceased's
family and to dismiss the foreign officer who committed the deadly assault.
KWANGSI FAMINE FUND.
**
The Hon. Treasurers acknowledge with thanks the following subscription. Amount previously acknowledged.... ...529,549-52 A. F. Arco... Wm. Paton... Collections of Basel Missions of the Hakka Church Hongkong... Lady Blake (2nd Subn.) G. Piercy
***
125
10
P
67.56 2,50
10
---
29
150
Johnson, Stokes and Master Ship "Stanfield" Staff and Boys, Anglo-Chinese Dis-
trict Government School A French Lady...
Ponder upon that, if you please. "There is concern has this given to the Chinese Govern. no usc objecting to the request of that item," ment that they have complained about it to says Russia, "for we have what we have asked the provincial authorities who send the students for, having procured it before making the re- abroad, and have desired them in future to quest." That is Russia's way. She quietly G. de Champerax send as many of the young men as possible to bags what she can get away with, and when Europe and the United States rather than to she has secured it beyond all probability of Japan. The whole movement denotes a change loss, she makes formal demand for it. If her in the ideals of the Chinese literary class which | request is granted, well and good. If it is may produce important consequences for their refused, well and good' also¬the status quo country.-Manchester Guardian.
THE NIPPON YUSEN KAISHA.
The following is the twenty-sixth report presented to the shareholders at the half-yearly ordinary meeting held on 26th ult.
Gentlemen:-The director submit to you the annexed statement of the liabilities and assels of the company, and profit and loss account for the half year ended March 31st, 1933
The gross profits ofthe company for the past half-year amount to Yes 3,461,415.33%, out of which there has been paid: Depreciation of the company's
fleet and property Insurance fund....... Ships' structural repair fund..
Yen 674.739.710 148,882,560
11 404,572.386
Yen 1,228,294.650
To the visitor, however, perhaps of equal “integert will be the sight of the fan-tan or gam- bling saloons, which in this colony are not only openly permitted but are oven protected and anxious about the autumn crops. Where they bullion buyer in the London market. That is leaving a balance of Yes 2,936,305.415, includ- licensed by the authorities. The game is one have been sown early in the year and already one of its privileges, and another is the com- lng Yen 703,184,828 brought forward from the in which thu whale population participate with. | sprouted; thay are quita withered by wind-and-mand giren to it by the Act' of 1881, under | funt account."""
remains.
Some day Russia may-to use an American expression more forcible than elegant, perhaps, but none the less expressive-bite off more than she can chew. When she has done so, it will be time enough to discuss her probable course. At present there are no evidences that any such event has taken place,
P. H. C.
Compradore, H'kong & S'hai Bank... Messrs. Cheung Wo
Carlowitz & Co........
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110
25
20
4
10
100
300
11
100
. Butterfield & Swire...
200
12
Imperial Bank of China
100
#
Pacific Mail S. S. Co,..
100
11
Meyerink & Co....
100
13
Meyer & Co,
...
100
D. Sassoon & Co., Ld.,
100
***
100
14 404
***
100
100
100
***
*
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++
TOO
100
Too
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*
100
+
100
100
100
100
Wan Sun
Kwok Siu Lau Leung Kau Tong As to Manchuria, it is practically Russian Tung Cheuk Hing territory, and the sooner the Powers wake up Wong Chuk Yau... to a realization of that fact tile better. China Tsang Keng... is helpless. America will not stand square in Yuen Hop... Russia's path, nor, unless appearances are Wong Siu Tong ... most deceitful, will Great Britain. France Chau Dart Tong... and Germany would welcome any grab in the Wai A Yuk ... Far East that would tend to strengthen the Mei a... latter in Shantung or give an excuse to the Kwang Cheong Tai former to gain a foothold in Kwangel.
Leung Sing Un Japan alone romains, What will Japan do? Chiu Hang On It is extremely doubtful 1 Japan will over Mong Shu Toag... act as far as Manchuria alone is concerned Yung Yik Ting - Ng Kwok Hing
| without a definits understanding with Great
Britian or the United States or both." Japan
Si no philanthropist, and will never fightior the
+++
100
100