Telegrams.
{Reuters.]
The Duty on Sugar.
London, roth July,
A Liberal amendment to the Finance Bill, reducing the duty on sugar by a half, was rejected by 321 to 175.
tion or abolition, must be the aim of every Chancellor, but the amendment would upset the whole Budget..
THE HONGKONG TELEGRAPH. FRIDAY JULY 12, 1907.
THÈ PRANCO-JAPANESE
"ENTENIE."
CELEBRATIONS IN JAPAN,
DIPLOMATIC DINNER AT TOKIO,
The Japan Chronicle of 4th inst. says:-On Tuesd iv fernoon, Mr Fuwa, First Secretary of the Kone Kencha, Chief Procurator Yama- Mr. Asquith agreed that the tax was it and representatives of the Kobe (Japan vicious and burdensome, and that its reducese) Chamber of Commerce, the Kobe Practi- cal Humns Society, and the Franco-Japanese ociety, met at the Chamber of Commerce rooms, ad considered a proposal to celebrate the conclusion of the Franco-Japanese agree» ment. It was agreed that on the initiative of the Kencho, the Saibansho, the Chamber of Commerer, and the societies above-mentioned the celebration shoul be held on the 14th instant, the French national holiday, at Suwa- yama. The French residents of Kobs will be invited to take part in the celebration.
"
|
A DEAL IN LANGRATS.
THE SMATH IN SHANGHAI.
TORG AND READ V. SUFFÉRT,
he author'sed him to incur certain. Jiabilides for him, witness said he did not understand that. Mr. Fessenden-Put it this way! Suppose these shares went down whom did you under- stand to be liable?
This case, which arose out of transactions ones I had a certain amount of capital and 1 the Shanghai Stock Exchange, was continued The claim was for Tix. 4,949 on a promissory note given in Auguit 1902...
7.
His Honour-You meant to meet your obli- gations? :
Winess-I meant to meet all obligations rising out of every one of my transactions.
Winess-When I went into this share, bosi-
intended, to play shares against that capital. As differences came along I paid them until this July slump came. At the time I told Mr. Mr. S. Fessenden appeared for the plaintiffs. Read to purchase these twenty Langkats I was Mr. N. C. Home and Mr. L. Andrews reperenainly in a position to pay a difference of sented defendant.
tea or fifteen per cent. if the market' went Mr. Andrews put his client in the witnes!gainst me. I ment to do it... box. Examined by Mr Andrews, defendant said he first met Mr. Read, as plaintiff had stated, at the Race Club, where they talked on: general matters. Mr. Read mentioned that he had heard witness had been conducting some share business with other brokers and witness réplied that they had done so, One thing brought on another and Mr. Read mentioned Langkats. Witness said he had never touched The Osaka Municipal Assembly on Monday, there shares as they were known to go up and The Congo Free State."
at the conclusion of the ordinary meeting, down very much. Witness told Mr. Read that The Belgian Government has resolved to annex
the Congo State to Belgium, and wiltrmally considered the order of proceedings he was new to the business and that everything for a similar celebration,to be held in Osaka.he had done in shares had been his loss Wit Introduce a Bill for that purpose.
Mr. Yamashita, the Mayor spoke upon the eas asked Mr. Read what he thought was good ubject of the celebration, and Mr. Matsumura, and he said Langkats were as good as anything. Deputy Mayor, gave the proposed details of the proceedings.
Pardon for High Treaso". The King bại granted a free pardon to Lynch, who was convicted of high treason in 1993 for fighting on the side of the Boers, and was liberated in 1904.
Later.
יי
The United States. The Federal Government has instituted. proceedings against The American Tolacco,
Mr. Hino, Chairman of the Assembly, op And other companies including the British posed the celebration being held, at the mudi - Imperial Tobacco Co.all-constituting the cipal expense. ¡le, considered it improper to Tobacco Trust, for the purpose of stoppingspend municipal funds in connection with the the combination and the monopolies created, political affairs of the Empire, and suggested by them, which now divide the tobacco at the celebration should be promoted on the Riiative of the Governor, and Mayor of the business of the world.
city, the bankers, the Chamber of Commerce,
ŠIR CLAUDE MACDONALD,
ARRIVAL IN TOKY“.
Witness did not buy shares for investment; he bought to sell forwards. He gave Mr. Read to understand that he had been speculating in shares. Mr. Read told him that Langkats would go up at that time sad that witness told hit to buty forward twenty Langkats. He never received any shares from Mr. Read; there was no intention that he should receive any shares for investment from Mr. Read. He did business with Messrs. Toeg & Read for newspaper offices, also inviting the general shout six months, and he never paid any cash public to take part. The expenses of the for shares. Witness bought forward in the Asked celebration should be, met by public subscrip-hope that the shares would advance. tion. After a somewhat heated debate, it was what he meant by saying he purchased shares Sir Claude MacDonald, the British Am decided to further consider the question sext forward witness said he told the brakers" basdar in Tokyo, returned to Tokio on the
day after the conclusion of the meeting of the that he wished to purchase shares for a 29th último by the 9 am, train. On his arrivAssembly, when three representatives should certain day. The shares were not all deliver at Shimbashi the Ambassador was welcomed be sent from each ward of the city,
ed to him on that day. Witness produced back by Gentral Baron Oku, Vice-Admiral.
On Monday evening M. Gerard, the French his account, with Messrs. Teeg & Read at Saito, the Minister of the Navy, General Biron Ambassador at Tokyo, gave a dinner in celebra-
the May settlement. These shares were Kuroki, Prince Tokugawa, the Chairman of
tion of
the Franco-Japanese "entente." wol purchased for investment and the shares the House of Peers, Viscount Hanabusa, Vice. Among the guests who' accepted invitations were never delivered to him. There was a Minister of the Imperial Household. Mr.
were Marshal Marquis Yamagata, Count lopaye, debit of Tis 1,850 against witness at this se Chinda, the Vice-Minister of Foreign Affairs.
simiral Togo, Viscount Hayashi, Minister for tlemeet, and he gave a cheque for the amount. Count Toda the Grand Master of Ceren mles,
Foreign Affairs; Admiral Saito, Minister for
In reply to His Honour witness said this Mr. Lowther, the British Chargé d'affairs the Navy; Dr. Sakatani, Minister for Finance: debit was iccurred chiefly by angkats depre and other members of the Embassy 11.
Mr. Yamagata, Minister for Communications; clating from Tls. 335 to Tis. 280 and he lost on After exchanging salutes the Ambassador Mr. Matsuda, Minister for Justice; Mr.hese shares Tis. 1.300 to Tis. 40. He could drove to the Briush Embassy.
Making, Minister for Education; Mr. Mal- not say whether he said this stock before the suoka, Minister for Agriculture and Com May settlement. The bill handed to witness merce; Count Toda, Grand Master of Cerby His Honour showed that he sold on May monies in the Imperial House; Mr. Matsuwo, overnor of the Bank of Japan; the Russian Minister, and the Įtritish chargé d'Affaires.
THE SITUATION IN, VLADIVOSTOK.
-
DISQUIETING REPORTS:
The steamer Mongolia, which arrived at Nagasaki on Sunday, brought news to the effect that there were still signs of unrest in Vladivostok. Thirty revolutionists had arrived recently and thres of them had been arrested. The inhabitants were much alarmed, and it Wanticipated that disturbances miglit, occur afany hour. Telegraphic communication with European Russia was still interrupted at the time of the departure of the steamer."
The Mongolia is to be delivered to Messrs. Giesburg & Co, of Nagasaki, agents of the Russian Volunteer Flert. The steamers on
the run of the Volunteer Fizet between Vladi vostok and Odessa will call at Shanghai and Nagasaki on both voyagış.
A COMPARISON OF TWO
NAVIES. According to the best authorities the United States has a larger, fleet of heavy ships than Japan.
The Japanese navy has 13 battleships, in 'cluding the two that have recently been finish `ed; 28 cruisers, ra coast defence ships, 7 "gun- boats and 3 dispatch 'ships. These figures are taken from the Japanese year bonk and are more conservative than the figures in the World Almanac.
The United States has 29 battleships, includ ing those launched and within a few months of completion; 22 coast defence ships; 12 armour- ed cruisers, including those within asben time of completion, 22 protected cruisers 16 other cruisers, 1 sea-going gunboats and 31 other gunboats.
Of the battleships Japan has two of 19,000 Cons ; two 16,500 ; one 15,200; two 15,000; one (3,516'; one 12,902 ; two 12,674 ; one 12,300 and one 10,960.
The United States has six, battleships of 16,000tons; five 14 948; two 13,000; three 12,000; three 11.552; wo 11,520; one $1.346; three 10,228 and one 6,315. There are also the battle- skips Michigan and South Carolina, the ton- page of which is not given and the two 20,000 ton ships that have just been planned.
While these figures show how the battle ships of Japan and the United States stand numerically, the comparison is not very enlight- esing as to strength,
|
For instance there are not a few armoured cruisers in our navy whose tonnage and armament are much greater than those of some of our battleships and which would be much more than a match for our 'vessels with, the more imposing name. The same is true of some of Japan's cruisera.
The age of the vessels and whether they are of recent construction and equipment also figures as a very important factor in any com parison.
In proposing the toast of "The Emperor," the French Ambassador dwell upon the new Agreement between Japan and France, and proceeded to say thate did not doubt that the conclusion of the Agreement, which brought the two countries into closer relations, was fireshadowing the coming of the time when the signing of an Agreement between. Ispan Russia would be accomplished, having as its aim the maintenance of' peace and the assuance of the full, respect of the rights of each country. For the reasons above- mentioned the Amassador desired to ask the Minister for Foreign Affairs and other gentle- en to drink the health of his desty the Emperor, of the Japanese Empire. In con- clusion, be congratulated the Ministers for Foreign Affairs of both countries, and Mr. Kurjun, Japanese Ambassador in Paris, all of whom had been decorated in recognition of their services rendered in-bringing about the conclusion of the Agreement,
L
In response, Viscount, Hayashi stated that it would not be faule even at the present time, after the conclusion of the Agreement, in' refer to the fact that relations between the two couns Iries, especially since the latter half of the 19th century when Japan received very valuable instructions from France had remained very intimate, both economically and educationally. It would be very easy for anyone to find the cause which bound the two countries so close- ly legethert was, the common interests existing between the two countries. It was unnecessary to emphasize the faci pło. ceciled Viscount Bayashi, that by the opera. tion of the Agreement which was so warmly welcomed by both countries, the relations between them would increase in cordiality. The fact that the French Ambassador, M. Gerard, joined the Tokyo Diplomatic Corps would be long remembered by the Japanese nation, Viscount Hayashi renewed the assur- ances of his respects for the French Ambas- sador, and, having expressed thanks for the honourable decorations conferred upon himself and Mr. Kurino, proposed the toast "The Pre- sident of the French Republic; prosperity to the French Republic and the fate of the Agreement."
M. Gerant rose again, and requested Vis- count Hayashi to convey his profound gratitude to the Emperor for the honour dane kim jo conferring upas him the high distinction,
VOLUNTEER ORDERS.
RECRUITS' PARADES
At headquarters at 5.30 p.m. on Monday, the iph July, for infantry drill. Col.-Sergt. Stacey will attend.
At headquarters at 5.10 p.m. on Wednesday, the 17th July, for lecture on mechanism of maxim gun. Sergt. Windsor, R.G.A., will attend.
N. C. D.'S PARADE
Nor should it be forgotten that two of Japan's battleships, the Satsuma and the ki, i pro bably, so far at material' strength goer, equal to four of our best battleships. "At the time of the launching of the Dreadnought ona ní uuri At headquarters at § 39p.ni, on Wednesday, paval' expert. figured that it was about as the 17th July, for instructional drill, Sergt. powerful as our two largest battleships, the White; R.G.A., will attend, Michigan and the South Carolina. “As the
Note Members attending the infantry Satruma and the - kỉ, the two new battleships of Japan, are still farger than the Dread caught, dillis must bring their own rifles. No rifles they should weigh still heavier in the balance, will be issued from the Armoury for these
The complement of men carried by each parades feet is about the same, 34,000,
When all factors, excluding that most im portant of all, the man behind the gun," are considered, our navy is to-day probably any where from aue-fourth_to_pne-third superior ‚jo that of Japan.—Manila Times,
!
· ENGINEER COMPANY. Kotice.~); is notified for information that in fature the Engineer Company will parade on
27. Witness stated that he bought. Langkats in December and sold on May 27-that was just before settlement day. It was a fact that witness sold the stock for a less price ihan he gave for them and this gave rise to the debil balance, which he met
|
4
Mr. Andrews continued the examination of defendant. Witness said he never had any of these stocks in his possession, the transaction was one of settling differences. None of the stucka set out in the July 1902 settlement were bought for investment. At the time that be carried-on these share transactions witness was engaged in import business. [
Mr. Fessenden abjected to the question as to what witness's cash capital was at this time. Mr. Andrews sail the point was that he had not sufficient capital i buy stock of the value
of 'T'ls, 100,000.
His Honour said if he was a man of credit he could buy. He could buy for investment and borrow the money. this Honour did pot think it would do any good for defendant to give further particulars as to his own financial condition. The issue before the Cauri was the character of the transaction, and then counte! could clear up the question of law. ̧ -
#i
In reply to Mr. Andicws witness said he lost money on the settlement extending between May and June; he lost everything he pssessed, When the July settlement came on there was very heavy slump in Farnham's, of which he had a large number from brokers beside Messrs. Toeg & Read, and he went heavily under. Some time after Mr. Read saw witness at his office and asked him to give a promissory note for the amount as he could not pay.
Mr. Fessenden-At that time you were familiar in a general way with the customs of the Stock Exchange in Shanghai?
Winets I know very little about it. Mr. Fessenden-Did you know at that time the general method of share transactions?,
Witness-I know absolutely nothing about the working of the Exchange, I know that if you purchase forward and the shares go up You get paid and if they go down you have to
pay,
His Honour-Do you know anything more about it now?
Witness-No, I don't:
Mr. Fessendeu-Do you know that if you
wanted actual shares you can have them? Didn't, you know you could go to Mr. Fead and get your twenty Langkats for instance?
Witness—I did. I presumed it..
Mr. Fessenden-Whom did you consider would be the loser in case you did not meet your obligations?
His Honour-He told you he intended to pay the losses.
Witness-When. I went into this traus
To-day's Advertisements.
HONGKONG HOTEL.
— XENU.
SATURDAY, Jgly rath, 1957.
* DINNER.
HORS D'OEUVRES. Anchovy Toast and Olives."
• SOUP.
Clear Windsor.
FISH.
Boiled Fish and Eggs Sauce.
ENTREES.
Grilled Pipnou os Toast.
Fillet of Beef and Mushrooms,
.... CURRY,. Lobiter Curry,
JOINTS, &c.
Truffles Cutlets.
Rear Shoulder of Mutton and Mint Sauce. Roast Capon and Bread Sauce. Boiled Corned Leg of Hark and Pease Pudding. Cold Bologna Sausage and Mixed Salad.
SWEETS.
Arrowroot Redding. Plum Pudding and Brandy Sauce. Raspberry Ice Cream and Finger Cakes. Cheese Biscuits.
DESSERT.
Coffee. Fruits.
[636
INDO-CHINA STEAM NAVIGATION
COMPANY, Limited.
FROM CALCUTTA, PENANG AND SINGAPORE.
*KUMSANG!
Mr. Fessenden-But if he could not pay the THE Company's Steamship difference whom did he consider would pay? action han capital which would meet any ordinary losses in such a transaction.. No one looked forward to the surash in Shanghai which wiped out quite a number of people beside mysell. If I could not pay certainly the loss would be with the people with whom did busigtas.
of Cargo by her are hereby informed that their having arrived from the above Ports, Consignees
Goods will be delivered frùm alongside.
His Honour-You entered into the contracts
in good faith? You meant to meet your losses? Witness-Yes, but I did not expect them to turn oul to the extent they did.
"+
I
Cargo impeding the discharge or remaining on board after 4 P.M., on the 15th inst., will be landed at Consignees' risk and expense. No Fire Insurance will be effected. Bill of Lading will be countersigned by
JARDINE, MATHESON & Co., LD.,
General Managers. Hongkong, 12th July, 1007 -
His Honour-instead of reaping profits you|CHINESH STUDENTS IN JAPAN. got lasses. You intended to meet them, didn't you?
Witness - Yes.
His Honour-And now you are not able to meet these obligations
Witness-Not at the present time.
His Honour-And that being so you decided to enter a plex that the thing is illegal because it is an Ilegal contract?
Witness-I would like to say that
His Honour-1 'don't want any 'argument of the fact.
Witness-I would like to explain how I came into Court. I did not come here voluntarily,
Hla Honour Your answer is voluntarily rendered.
Witness-When they forced me into Court I had to enter that plea. ·
His Honour You decided to set up the con- festiun that the transaction is illegal and hence there is no legal obligation for you to pay?
Witness Yei.
In further cross examination by Mr. Fessen-
den defendant said that during the course of his transactions with Messrs. Toeg & Read he did instruct them at various times to sell abares before seulement day. As ed. if plaintiffs had been willing to receive small payments ou ac2 count, witness said he had heard from themat various times and he said that he did not see that he should pay them in preference to other bror. to whom he owed 71s. 30,000 to Tis. 40,100, simply because they had a note against him. Witness said he would make a payment when he could..
\
His Honour-Rather than permit a judg meat against him he has decided to contend that the transactions are illegal.
is Honour-I don't think this conversation as anything to do with it at all. He signed the vote, and intended to pay. He intended pay without the note. I don't think the
A post which cannot by any means he term.
ed a sinecure for its halde and which has
Fatimations
THE
ROBINSON PIANO
CO., LD.
TALKING
MACHINES
AND
RECORDS.
New Stock just arrived
LARGE AND VARIED
ASSORTMENT
MUSIC.
been held for å jule over eighteen months by Comic Opera Scores
•
and Dance Musio.
Hongkong, 29th,November, 1906i
H.E. Yang Cheng, Chinese Migister in Japan, is now vacaut once more, as his Excellency has resigned the post, and telegraphed the fact to the Ministry of Education (Hsichpu) on the 4th instani According to the N. C. D. News, when China began sending students to Japan RECEIVED BY EVERY MAIL. the work was at first a part of the duties of the Chinese Minister in Tokio. Although at the beginning there were only a few students, com. paratively speaking, acquiring an education in Japan; even then the duly seemed to have been no sinecure us there were not a few cuses for fiction between students and minister. As their numbers grew by leaps and bounds-there were at one time, not long ago, no less than $4,000 and more, of government and private students-a special Commissioner had to be sent to Japan to act as Superintend ent of students, in that country. After a while the students again manifested dissatisfaction against this official; he had, perforce, to leave and the duties were once more relegated to the Minister. His Excellency, as we now know has also resigned, vowing to his friends that he would have nothing more to do with the students, as they had been a thorn in his side ever since he took ever the Commissioner. ship in addition to his Legation duties. The question now, who will be the next to take up the unthankful task 7-
THE CHANGE AGAINST A BANK”, COMPRADORE,
JUDGMENT ON APPEAL.
SEASONABLE
WINES.
HOCKS & MOSELLES-
(SOLE AGENTS FOR LANGENBACH & SOHNE,
WORMS-ON-RHINE).
>
Hock
Bus.
Button. Bottles.
$48.00
28.00
15.00 16:03
Witness in reply to Mr. Fessenden said that Witness told eìm that he had | Mr. Allen told him that the promissory note not given any of the brokers a promissory would never be used. It was left to him to note and that the money witness owed him make payments. was about one-seventh of the total he owed amongst the ather brokers and that as soon witness was able to make payment against his obligations he would do so in Mr. Read and to every one else to whom he owed money. Witigning of the note itself does make any ́ess did not give a note that day. Some time difference.
The Appeal Codit quashed the decision of afterwards Mr. Allen, who had joined the firm Mr. Fessenden then addressed the Court on the-lower Court and sentenced the accused to of Toeg & Read, went round 'to his office, the legal points raised by the case-
imprisonment with labour for a term of one Witness and Mr. Allen were on rather friendly ||| Mr. Home commenced his, address for the year. He is ordered to pay a line of Y20 and terms. Witness told him that he did not m. defence, and the Court adjouroed.
subsequently to be placed under police super tend to give any are a promissory note and The afternoon" "sitting was taken up by the vision for six months, the brokers would have in rely on his pro- ¦ arguments of counsel.-N. C. D. News. mite to pay when he was able. They talked the matter over and Mr. Allen asked witness
judgment was delivered in the Osaka Appeal | Sparkling Moselle ....... Court on 3rd inst, in the appeal of the Fro curator against the decision of the Kobe Chika Saibansho, by which Pẩn 1-chín, the late com pradore in the Kobe branch of the Chartered Bank of India, Australia and China, who was charged with 'embezzlement (and. fraud,, was acquitted.
to give this note to him as a special favour and that it would never be used., Witness thought the matter over and he gave the note on this condition.
THE WEATHER, -
The following report is from Mr, F. G. Figg, Director of the Hongkong Observatory:-
On the 11th at 12 of p.-The barometer has fallen moderately over China, and the Philip. pines:
Cross-examined. When he began these transactions with Messri, Torg & Read it was with the intention of settling on differences. ¦‹. A. shaflow area of pressure appears to be he told Mr. Read not on one, but on several lying over the Lower Yangtze, and pressure is accasions, that he had never taken up a share | low also, over the Pacific to the E. of Luzon, from anybody else and that be did not intend, The depression, lying in the Sea of Japan to do so. Witness told plaintiff that "to pro-yesterday, is moving into the Pacific to the tett him soʻto speak."
N.E. of Japan,
His Honour-He carried you? Wimmers-No, he did not carry me. Broker
are supposed to have quicker information than outsideri and so if he got hold of anything | about a drop he could let me out.
Moderate S. and. variable winds are likely to prevalt in the Formosa Channel, and light or moderate' variable wiods over the N. part of the China Sen.
COMMERCIAL
TO-DAY'S EXCHANGE,
Selling. Loadou-Bank T.T Dr. -demand Do 4 months' sight... || France-Bank T.T.
America-Bank T.T..
Germany-Hank T.T.
India T.T.
Niersteiner
Laubenheimer $13.00, Graacher....m 14.00-
15.00 17.00 Hochheimer.............. 20,00 22.00 Liebfraumilch
24:00 26.07
California Riesling ...... 6.50 Do. Hock 0.57
CLARETS.
7.50
7.50
+ Dot. JK Bottles
Vin Ordinaire.$ 4.50 $550 $ 3/2 5/16
.2}} | Côtes.......................... 5:00~--~6.00
2.75 Medoc 5.50° ....531
1 Emilion
9.00
.2.13)
a mummum 6.50 "7.50 10.50 .16 1. Margaux ..................
7,008.00 13.00 1637 | St. Julian...
Do. damsed........
8.00 0.00 32.00 Shanghai-Haak TT. Singapore T.T. – nuträsummer.7 % prem
St. Estophe......................... 10,00, (100) [14.00 Tapan-Bank T-T, Arcarotid Arteile gem..107 | Con. St. Michel nomen 12,50. 13.30 16.50 Java-Bank T.T, ......................................13 Ch. Leaville....... 13.00
Buying
14.00 17.00
'4 months' sight L'/C............................3/2 13/15 | Cb. Laroso ant 13.00 14.00 17.00 Mongkong rainfall for the 24 hours ending & months' sight L/C,...............................................2/3 By Mr. Fessenden-He had transactions with' 'af to R.m. to-day, 0.00 inch,
30 days' night San Francisco & New York. 541 FORECAST,
4 months' sight,
the other brokers previous to these transactions
with Messrs. Torg & Read. When Mr. Read 7-Hongkong and neighbourhood, S.W.
old withers that it was his opinion that Langwinds, moderates fair to showery, kate would advance witness said that if he Formosa Channel, S, or variable winds, thought that would be so ba would boy twenty moderate. shares. "Asked if that was the end of the con- remation, witosis Teplied, “We do not each
South coast of Chins between Hongkong and Lamocks, same as Nø, r. "
4-South coast of Chins between Hongkong suucted Mr. Read to purchase shares for him, and Hainan, tama au No. 1,
the first and third, Wednesdays of the month jump up from the table," Asked if, when he in-
from 9 to 10 pm.
do.
541
Price List on application.
:
30 days' sight Sydney and Melbourne...23 1/16
4 months' sight Fiance. H. PRICE & Co., Ltd., 6 months" sight
4 months' sight Germany............ Bar Silvertygiangpakasara Bank of England returns Bank of Franco, nonniaman
יי
WINE AND SPIRIT MERCHANTS,
12, QUEEN'S ROAD CENTRAL
ghong, and July