Telegrams.
“HONGKONG TELEGRAPH"
SERVICE.
SZECHUAN HANKOW RAILWAY
"THE LOAN.
[By courtesy of thi " Sherang Po."
Peking, 14th September. Both Great Britain and the United States are desirous of participating in the loan for the construction of the Szechuan-Hankow Bailway.
Grand Councillor Na Tung has given instructions to H.F. Liang Tun-yin, president of the Waiwupu, to exercise greater caution on the present occasion sous not to perpetuate the errors attending the flotation of the Canton-Hankow Railway loan.
SAMUN BAY,
RAILWAY COMMUNICATION.
[By courtesy of the" Sheung Po."]
י.
Peking, 14th September The Ministry of Posts and Com- munications has sent telegraphic instructions to the Governor of Clie kiang to the effect that the Ningpo Railway should connect with Samun Bay so as to link up with the Tien- tain-Chinking Failwao, ng
[The Central Government proposes to esta „blish a naval base at Samun Day — Ed., (LRT.)-
MINISTRY OF EDUCATION..
PRESIDENT RESUMES DUTIES.
[By courtesy of the "Sheung Pot"]
Peking, 14th September, H.E. Yeung Hing, president of the Ministry of Education, has re- turned from leave and has since re ́sumed his duties, !
CHANG CHIH-TUNG.
ANXIOUS TO RETIRE.
THE HONGKONG TELEGRAPH WEDNESDAY SEPTEMBER 15 1900
RAUB GOLD. MINE"
· DIRECTORS' REPORT
The directors present the balance sheet and profit and loss accoust for the year ending test March, 1909, the Singapore accounts incor 'porated therein being closed on the 28th Febru Ary, 1999.
lo reference to the fore,ving accounts, the directors desire to point out the extremely satisfactory improvement that has taken place in the financial position of the Company during the past year. This feature has been very largely brought about by the bigbly.ucessful efforts in mining operations undertaken by the General Manager (Mr. W. H. Martin, M 1M M.), who has furnished an annual report, which following the usual practice, has been forwarded. to each sharabaider.
The directors have to announce that Mr. W. H. Martin, whose term of appointment will vory abortly expire, has decided to retire from the position of General Manager of the Com" pany. In making this announcement, which is done with considerable regret, the directors desire to place on record their very high up ́preciation of the services rendered to the Com- pany by Mr. Martin during his term of office.
++
PROFIT AND LOSS. 1908-April 1, Halance 1907-March 31*** Directors, and Juditans' Frei, 5.1a-
ries and Charges-Brisbane Wages and Exoans at Raub, in
cluding Cost of Singapore Office and Directors' Fees...... Amounts written off for depreciation and cost of up-keep of machinery and plant, electric plant and installation, buildings, furniture; also consumption of tools, im- pléments, stores, timber, and fuel... Balance
*** ༔རྒྱུུ--***** ******
1999-March 31. By Gold Account: Net Proceeds of '13,974787 028. from 74,970 lans, after payment of royalty, cost of transit, in- „surance, alc
CHINA CALLED 10 188 PHONE:
ZA MODERN AMERICAN SYSTEM ORDERED
FOR PEKIN,
New York, August 7.
Co-day's Advertisements.
FOR SHANGHAI.
"DELTA,"
Add an inch to avery shirt tail in China (10 THE F. & O. S. N. Co.'s Steamship same disciple of Walter Ballard down South has figured it) and our Southern States could export 1,500,000 "more- bales of cotton to the Orient every year. Prophetic figures about China-but which have to do with telephonic installation-word spun out along the same lines yesterday in the offices of the Western Electric Company at 453 West street when 0. D. Street of the Western Electric tald of the contract for the installation of a modery Ame-
rican telephone system in Pekin that has just been awarded by the Chinese Empire to his company against the bids of Edglish, German, brouch and other foreign manufacturers.
A commission composed of three Chinese Government officials toured Europe and Amstice about two years ago to look over telephones. The commission agreed with the Western Electric people-who manufacture
the Bell Telephone Company's equipment- that New York has the best telephone system in existence. A cablegram just received from the Western Electric's Chinese agents, the Arobold-Karberg Company of Tientsio, ao- La91 Bouncing the award from the Chinese Govero.
meat is the result.
340
35,741
|
Captain B. W. H. Snow will leays for SHANGHAI TO-MORROW, the 16th Sep- tomber, at Daylight.
For Freight and Fassage, applý to
E. A. HEWETT,
Superintendent, *Hongkong, 15th September, roog.
TO LET.
[
TN No. 6, DES VŒUX ROAD CENTRAL,
Offices and Godowa.
la No. 5. QUEEN'S ROAD CENTRAL, Victoria Building, Rooms suitable for Offices.
ROOMS in College Obambers, No. 31, WYNDHAM STREET.
Apply to-
DAVID SASSOON &.00, LD.. Hongkong, 15th September, 1909.
[38:
· SHIPPING RINGS.
* NONE SO' BLIND &C)
lo the current report, the Colonial Secretary
It was Sir Arthur Young's Report on the Administration of the Straits last year chat The two switchboards that will first be in-called particular notice to the damage the trade stalled in Pekin, one at each end of the city, of the Colony was suffering from, in respect of will cost approximately $150,000.
the operations of the Shipping. Conferences, This opening contract," explained Mr.which keep away tramp steamers and thus are Street yesterday, will call attention to the enabled to establish a monopoly of freight tremendous field now open to electrical carrying, which is being used to establish rates. companies throughout the United States, for double or treble what they were before the this is but a beginning and the field.is open to advent of the Conferences. sil. It's another indication of the awakening of the Chinese to the value of modern things,
*China really has no telephone system now.. I referred in my report for the year 1907 to 8,498. For the 400,000,000 or more souls in the em- the Shipping Confersace in force here, and the -pire there are about 2,000 telephones. These affect of the control by that "Conference of the £53,021 | are all of the old haud ringing, obsolete kind freight rates in practically precluding any sail. and are installed mainly in the homes of foring vessel from obtaining cargo in the Colony, eigners who use them merely for social loter and placing a like embargo upon the economi. course, not for shopping and trade as we do,cally run "ramp" steamers, British mainly, They couldn't use them as New Yorkers do if which used to participate largely in the import they wanted to because each little exchange at over-sane carrying trade. connects about 'roo phones, and no two ex- changes bava trunk connection,”
5,250
53,012 £53,022
FIFTEENTH ANNUAL MEETING. The fifteenth annual meeting of the Roub Australian Gold Mining Company, Lid, was held at the registered officers, Queco-street, Brisbane, Mr. De Burgh Perase, chairman of the company, occupied the chair.
The Chairman, after moving the adoption of
the balance sheet and report, said he was very pleased to call attention to the great change that had taken place in the company's financial position during the past year. The company had succeeded in wiping off the balance due on the debenture account, and bad reduced their outstanding liabilities from an amount of approximately £14.500, as shown by the bal ance sheet pressuted to the meeting last year, ↑ [By courtesy of the “Sheung Po."]
to £7.5ro this year. This satisfactory feature Peking, 14th September..
had been largely brought about by the highly successful mining operations conducted by the Grand Coun illor Chang Chih-company's general mannger, Mr. W. B. Martio, tung has been ill for such a long time.M.M. The shareholders certainly, in his opinion, owed a debt of gratitude to the officers that he is anxious to retire altogether of the company for the manner in which the finances of the company had been looked after from active service,
during the past year. He regretted to have to announce that Mr. Martio had decided to retire from the position of goueral manager of the The telegram quoted below was received at company after a number of years' residence at
TYPHOON WARNING,,
AL
the American Consul de-General from the Manda Observatory at 3.33.p.m, yesterday: -
September 14th, 7 p.m. Typhoon over North China Sea moving W. or W.N.W,
Typhoon overNorth Meiscoshima moving W. Typhoon North of Western Carolines direc tion unknown.
POTURK SUPPLY OF RUBBER:
PLANTATION SHAREHOLDERS. CAN SLEEP EASILY,
:
Some discussion has arisen as to be pros. pects of future supply of robber from the Middle East. Con correspondent estimates the amount of rubber planted in the Middle East to date at approximately 520,000 acres and the yield fram same in 1014 at 140,000 toos. We should say there is something very wrong about such a statement. The world's demand at that date, he goes on to say, al- lowing for normal increase, should be about 105,000 tous, so, that there would be a surplus of, say, 35,000 tons, without taking into account
the present annual output of 65,000 tons of wild robber,
Rub. Information had been received by the directors that"a successor had been selected in London to take his place, and it was satisfactory to know that Mr. Martin, had agreed to revisit the mines whenever it should be necessary, and to continue to aid the company by his advice and supervision. The crushing reluins from Raub bad been kept up in a most satisfac-
tory manner throughout the past year. Without wishing to be regarded aų optimisic, in his opinion the affairs of the company would with
careful management still contious to improve and that brighter prospects wore ahead, a larga amount of development work having been done during the past year. In conclusion, be ex pressed the hope that when the annual meet- ing was held next year he would then be able to place before the shareholders a still more. encouraging and satisfactory report.
A vote of thanks to the directors, both at Brisbane and Singapore, the general maonger and officers of the company, was passed, and the meeting terminated-Brisbens Daily, ball:
Mr. Street gave a better notion of the possi- bilities open to enterprising American manu facturers when he gave a forecast of what will come to pass if China shows an increase of only 1 per cent, in the use of telephones in the next twenty years. It has been estimated that if the United States keeps up only its present rate of telephons expansion there will be one
Bays
I also referred to the report of a Sub-Com- mittee of the Chamber of Commerce, Binge- pora, which emphasized the fact that a practice axists under which these Conferences pay a preferential or so-called "secret" returá of 5' per cent on the total of all freights earned from the Straits by Conference Steamers to a limited number of privileged firms or persons, and 'mentioned that this Bub-Committes had placed on record that these privileged firms, telephone to overy five American's twenty years among whom are foreign firms, were placed at hence
au advantage over other merchant shippers in the Celony. ·
"But suppose China's increase during a like period," said Mr. Street, "were only 1-per cent, -a ridiculously low figure, compared to ours Chlua in 1910 will have 400,000 telephones, which with the switchboards and other equip ment will meag a Chinese expenditure of $1,000,000,000.
When the Chloese telephone commission visited New York and European cities two years ago everybody got busy. The Western Electric seat one of the company engineers, G. E. Pingree, to Fekin, where he was joined by represenistives from Siemens & Halike, the big German concern; the Ericsson people and the English and French bidders..
The death of the Chinese Dowager Empress and of the Emperor delayed negotiations for sometime. The empire, however, will go ahead tentatively with the two switchboards, several hundred thousand feet of lead covered aerial and underground cable-most of it under- ground-and a first installation of 2,500 tale.
phones as a starter.
#
Later on the Government intends to lostali plants at Tientsip, Canton, Hatk w and other big Chinese cities. The switchboards will be
copies of the board used in New York and the
telephones will be of modern type. It is probable that the "hello" persons will be Chinese girls. The Chinese girls make ex- colent operators in the Chinatown exchange
of San Francisco.
·
"The Chinese," Mt. Street remarked, “are. fortunate io starting out with a truck system of the very latest type. We've had to lease and progress base by experiment and ex- perience, wrecking the old equipment as we Pekin will have a capacity for 10,000 tele- went along. The boards we shall install in phones. The Government, of course, will can
|
Mr. James Forsyth. MLA seconded the motion, which was carried unanimously.
The retiring directors, Messrs. Robert Philpa trol the service. Do Burgh Persse, James Forsyth, G. F. Scott
When the Chinese commission visited this and also the auditor, Mr. T. A. Bood, were recountry they found that the United States had elected at the same remuneration as formerly about 2,000 exchanges, each larger than the two we are to place for them combined, and about 15.000 olber exchanges, any of which is larger than eilber of the Peking exchanges But they need not be ashamed of the plant they will have in operation very soon over there."
The contract specifies that the equipment ́must be delivered at Tientsin by February 3, 1910, Consequently it has to be manufactured and sent half way around the world in fast six mouths. The installation will be under the supervision of American engineers, who will remain in Peking until the Chinese operators have mastored the work.
.
We may note that not long since Messrs. Gow, Wilion, and Stanton stated it will be found that the total quantity (of plantation rubber) ́that may be looked for when all the rubber now planted has become mature, per- CHINESE TRADE AND SILVER, haps 35,000 tops, will give little cause for an- xiety on the score of over-production, as seven yeam hance the world's requirements should amount to over 100,000 tons, supposing that the average rate of increase in consumption
continues.
+
"
#
The Royal Commission on Shipping Rings bas since made its report and the majority have advised that it is inexpedient that the systom" of deferred rebates be prohibited by law, but adopt as their main recommendation that it the Conference system is abused the shippers and merchants in a given trade should form themselves into an association so that they might be able to present an united front to the Conference when any controversy arose.
The merchants and shippers of this Colony act in a large number of cases also as agents for ship owners and it remains to be seen how far this recommendation can be adopted here.
In the last two paragraphs' lies the key of the position. The Royal Commission did not dears it expedient to recommend the prohibi tion of deferred rebates by law, but recom mended combination among the merchants, There are very low merchants in the Straiti who Shipping Ring, and those within it are paid preferential rebate not to interfere. Obvious 17 therefore the resort of the merchant to combination is impossible bore. But wo: once more quote from the Report of the Royal Commission on Shipping Confer ence on the secret rebate. If that paragraph, combined with this second marked feference to the operations of the Conference by the Colon-
are outside; the influence of the
ial Secretary, "are not sufficient to indicate to the mercantile community the remedy that lies in their hands, we shall cheerfully subscribe to the applicability of the saying to our circum stances," that a nod is so good as a wink to a' blind korso." These are two pregnant sections of the Royal Commission's Report-
The inference seems irresistible that the effect of bringing the Straits Settlements vader, the operation of a Shipping Ring has been to raise materially the rates of freight, and 'st the same time to damage the interests of Britist shipping generally by substituting foreigo lines for British tramp steamers and sailing. vessels. (Page 105)
The chief exception (to the granting of uniform rates to all shippers large and small) is the case of the Braits Homeward Con- ference, in which an agreement has been made by, the Conference with certain of the more powerful merchant firmi granting them a con- siderable preference in the form of an exira rebate. The circumstances of this case aro very exceptional and may, if the course adep!" ed be persisted in, call for legislation,”—Ninga. pora Free Press.
There esems to be no worry about the, shart time allowed for the delivery of the equipment. ⠀⠀ Last fall when the Gutenberg exchange, which handles the calls of the busiest section of Paris was destroyed by fire the French Government pot a time limit on the contract for new equip. ment that scared all the European manufic. tarers, American enterprise jumped in unufculð, A switchboard was made in Hawthorne, a sub-
SHIPPING AND MAILS
MAILS DUL
<
· Canadiau (Empress of India) tốth inst. Indian (Kuming) 19th inst. German (Lueixow) and inst,
Rome interesting remarks on Chinese trade and its effect on the silver market appear in Messer: Samuel Montagu's letter last month They says "It is reported officially that the foreign trade with Chins indicates that the Our contemporary, the Financier, also polots excess of imports into that country over exports nú that if 14,000 tons are obtalped in 1914 dwindles year by year, and that the excess for from the present planted arca no out will have 1908 is smaller than any since 1900. Appareni: much cause' to`gmomble, and there are those ly a change is taking place in the industrial'con- competent to express so opinion on this point ditipus of the Chinese Empire, which not only who put the output five years bence at just must produce far-reaching effects beyond its about double that amount. By that time one borders, but also by disturbing the balance of of two things will have happened. Either trade will demandsilver in increasing quantitias the world's consumption of rubber will have for the adjustment of such balance. At each enormously increased, and available applies Chinese port there is a decrease in the import asb of Chicago, in a burry. Then it was ship-4th lest, and is de hore on 17th inst. will be absorbed as they come forward, of opium ↑ this is a loss to Indiam trado, but a
ped to New York and sent to France by fast The .s; Indrasamko left Slugapore or, through increasing production in South desideratum to all well-wishers, of China-if boat. It was accepted in Paris by the French is, and is dus here on 16th Inst., p. America, Africa, and the Middle East, will not accompanied with increased cultivation of Government just sixty days from the time work bave put supply considerably in excess of that drug within the country itself. This 'fact
was begru on it in Illinols, demand, with the inevitable' revolt-x fall in | of decreasing imports" is the key to the large the selling price of rabber. Then will come lock-up.of wycee in China, and also the heavy the battle with wild rubber, in which plantation porchases of forward silver carried here from should prevail, Moaswhile, however, supply time to time on China account. It is not too is not likely to overtake demand for some time | much to say that at the present time, owing to to come," and plantation rubber shareholders | an almost total absence of importe, China.
(gorged with silver."
The C. N. Co's 1.a. Taming lost Manila on
on roth
The I. C. S. N. Co's as Kumsang from Cal- catia and the Straits left Slogapore for this port on 14th fast.
Tax prefect of Mukden has given an amphatic The O. P. R. Cols as. Empress of China denial to the Chinese reports that have been | Jeft Yokohams on 14th lust, at 3 p.m., for Vic- circulated in Paking and Shanghai that a Japan- foria and Vancouver, B.C.de sin has assaulted the Prefect of Fensihu in The Chargeur Reunis La. Amiral Duprees connection with the reconstruction of the Au... Îs expected to arrive here on soth lust, and will tang Mukden railway la
probably leave og erst lost,afterEDEK:
Co-day's
Advertisements.
{"BEN" LINE OF STEAMERS.
NOTIOR TO CONSIGNEES.
5.3. "BENDORAN," FROM ANTWERP, LEITH, MIDDLES- BRO', LONDON AND STRAITS,
ONSIGNEES of Cargo are hereby
CONSIGNEES of being lauded
at their risk into the bazardous, and/or extra haardoos Godowns of the Hongkong "and Kowloon Wharf and Godown Co., Ltd., whence and/or from the "wharves delivery, may be obtained.
No Olalms will be admitted, after the Goods-
bare left the Godowns, and all Goods remain- lng undelivered after the 22nd inst, will be subject to rent.
All Claims against the Steamer must be pro-
Intimations.
CHEESE
CHOICE CANADIAN
STILTON:
60 Cents per lb.
THE
sented to the Undersigned on or before the DAIRY FARM Co.,
29th inst., or they will not be recognized.
All broken, chafed, and damaged Goode are to be left in the Godowns, where they wil' be examided on the 2zad inst., at IF_A.M.,
No Fire Insurance has beau offected. · Blils of Lading will be countersigned by
GIBB, LIVINGSTON & Co., Agenta.
Hongkong, 15th Septembar, ro00.
NOTICE TO CONSIGNEES.
'HE P. & O, S. N. Co.'s Steamer
"DELTA,"
THE P
FROM BOMBAY, COLOMBO AND
..
LIMITED.
·Bongkang, 15th September, 1909.
1660 PILSENER
STRAITS.
vessel are hereby informed that their Goods are
Consignees of Carge by the above-named i
being landed and placed of their vick in the Hongkong and Kowloos Wharf and Godows Company's Godowns at Kowloon, where each Cossigament will be sorted out Mark by Mark, and delivery can be obtained as soon as the Goods are landed.
This vessel brings on Cargo :—
From London, &c., ax $.5.-India: From Calcatta, ar S.S. Japan,
From Persian Gulf, ex B.I.S,N, and B. &
P. S. N. Co. Steamers.
Optional Goods will be landed here anless instructions are givay to the contrary before 6 hours,
Goods not cleared by the 'arst inst, af 4.7.M. will be subject to repl
f
ASAHI "
AND
[380
"SAPPORO"
BEER.
No Fire Insurance will be affected by me in LIGHT AND
any case whatever..
Damaged Packages must be left in the Godowns for examination by the Consignbe's and the Company's representative at an ap- pointed hour.
All claims must be presented within ten dayı of the steamer's arrival hero after which date they cannot be recognised.
No claims will be admitted after the Goods hava left the Godowns,
E. A. HEWETT,
Superintendent. Hongkong, 15th September, rong,
THE BANK LINE,
LIMITED.
14
Taking Cargo en through Bills of Lading to a
Overland Common Points in the United States of America and Canada, and also for the principal ports in Mexico, and Central and South America.
PROPOSED SAILINGS FROM Hongxoxo
roa.. VANCOUVER LC,TACOMA & SKATTLE
VIA
MOJI, KOBE AND YOKOHAMA,
Steamer Toas Captain. Salling Date
1000 *Suvaric - 6,232] S. Shotton .... and Oct. Ousand... 4057 F. W. Davies 1st Oct. Kumaric. 6,332 1. Mathie 18th Nov.
*These steamers are specially fitted for the carriage of Aslaile Stoeraga passengers, PARCEL EXPRESS TO THE UNITED
STATES AND CANADA For further inform it:os, apple to
DODWELL & CO., LIMITED
Uvderal Agents. Queen's Buildings_<
Hongking, 15th September, 1909
Στο
REFRESHING
SUMMER
BEVERAGE.
OBTAINABLE AT---
--
Metta, CALDBECK MCGREGOR & CO.
H. PRICE & Co..
A. S. WATSON & CO., LTD.
VICTORIA DISPENSARY.
WATKINS, LTD.
FRENCH STORE.
KOWLOON DISPENSARY
AND
VERYWHERE
SOLE AGENTS:
THE MITSUI BUSSAN KAISHA.
[421
CLUB WHISKY
AGE, QUALITY
AND
MELLOWNESS.
Test for 15 years as an Ideal Scotch for this
climate.
GLUE
$14
Per Case.
H. PRICE & CO, LD,
WINE MERCHANTS,
19, Queen's Road
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