THE DEVELOPMENT OF MANCHURIA,
THE HONGKONG TELEGRAPH SATURDAY
SANDYGROF7: RUBBER CO.
ANNUAL REPORT.
The not profit for the period after making due provision for depreciation · amounts to $193,783.13 to which has to be added the bal- ance of $1,375.77 brought forward from last Rccount making a total of Sig5,048.89 avaliable to 31st January, 1910, less interim dividends absorbing $60,000 already declared."..
Your directors recommend—”
AMBITIOUS JAPANESE PROGRAMME:
An interesting statement has been made by Mr. Shirasi, Chist of the Administrative Bureau of the Kwantung Government, outlining Japanese policy for the development of MAD sheria. As will be vean from Mr. Shirabl's remarks, it is suggested that a Japanese bank ba"formad för" the purpose of advancing. cheap, money: for Industrial, undertakings. 1. That a final dividend of ge per cent bede- We wonder if the necessary capital to esclared, making 150 per cent for the year and tablish soch a bank could be raised" to | absorbing $90,000, London? - Judging from' Earl Stanhope's re- mark, quoted in Wednesday's issue, there would doubtless be quite a rash of British financiers anxious to invest in such an under taking.
a. That the sum of $7,079 70 be placed to a sinking fund for the redemption of debentures. 3. That the stim of $30,000 be transiaried to reserve.
4. That the sum of $3,000 be allocated an bonus to employees,
5. That the balance of $4,979.19 be carried forward to next acconist. “
SAILORS AND SOLDIERS, HOME,
"MINTH" ANNUAL REPORT.
The ninth sonual report reads:- Though it may surprise some, the question "What do you exist for 7 is often asked of those who, like ourselves, are responsible for the working of a Sailors and Soldiers Home, Many who do not ask such a question have no clear idea of the work we ayaɛ doing or of the ascansity of such work. Perhaps the best way to answer this question is to write a report of tha work of the past year. (
When sailors and soldiers come to Hongkong for a term of service, If there were no such institu tion as our home, they would land at the port and remained friendless and homeless. It is something to be friendless and homeless in our own country, but it is worse in Hongkong Temptations abound on every hand and even strong men find it no susy matter so to steer their course as to keep mind and body pare and good, We try to inset the beds of men who find themselves situated thos; in short, A detailed survey of the cultivated portione raak to proride them with as quivalent to of the estate was made during the year which A home. This is done by giving them a place disclosed an area ef 366 acres, under rubber. where they can get healthy refreshment, a bath Apart from two small blocks totalling 17 acres and a bed, and by creating a social and religi which are now being planted, there is no forous centre where all that is pure and good may
be encouraged and strengthened. ther and suitable for coltivating within the estate boundaries! · "The position of the cultiva- ekploitating Manchuria ia a peaceful mannertion at 31st January was as follows:-- As the first step in that direction, the Gevare Planted 1898 20 acres blocka 1, mant intends to inaugurate angineering and chemical schools and other similar institutions for the purpose of developing the natural re- sources of Manchuria and Kwantung provinte, and has it further in mind to afford facilition to people in economic enterprises.
Mr. Shirani is thus quoted:-"Not being sơ very distant from the time of the Russo-Japan ose War, all the Japanese equipments now in (@Manchuria are tainted with a military flavour,
but there is no colour of necessity for com tinuing such a military state any longer. The Kwantung Government, by disarming Dairon and Port Arthur, and carrying out the eva cuation of Japanese soldiery from Manchuria by degrees, it endeavouring to show its sins cerity to the world in regard to the intention of
Manchuria and Kwantung province are three times the size of Japan, containing from 30,000, 000 to 40,000,000 inhabitants, and as regards the Exact area of the fields operated by the people, Even the Chinese Government is in ignorance, For instance, along the rellway zone, from Dai- ren to Ohangchun, covering more that 700 miles, 1s, no tract of land but is cultivated with care and skill, and the staples export big beans, through Dairen, Vladivostok and Vinkow has reached the amount of 18,000,000 Rok which figures-with the addition of the total amount of inland consumption,-represent anormous valuas. The production of other cereals is put at between 3,000 and 4,000 koku, "bearing testimony to the wonderfully fertile soil of Maschuria, As to minerals, the Fushun, Hoskeiko, and Estai col are but drops in the backel, compared with the Iron-sinos and copper-mines still lying undiscovered The Governmdet, not only, at: taches importance to these inestimable natural products, but is anxious to build up some great enterprise on their foundation, The establish ment of an engineering and chemical school abova referred to is their intended object, Salad oll and lubricating oils are manufactured from big beans, and the residue is made Inte soy and miso, while alcohol is prepared from barley grain and paper from the stems. The manufactures of glass and matches have a bright future before them alro.
#
W
COLTIVATION,
1899 8t H 1900 29 30 1904 25
2, 3, 4.
"
5.
10
6, 10, 8,0
↑ 2005 65
1906-132
1907 14
companies this, report.
ས
*. 7, 11, 12, 13,
14.
It will be seen from below that considerable success has attended our efforts in this direction. The absence of the. Flest for to many months during the past year has made a difference to our returns, the income showing a decrease of $3,000 on the previous year. We are therefore glad to say that we have closed the year with a balance in hand, though it is only to the extent of $16.35. There Do need for further comment on the balance which speaks for itself. We would like thook, to extend our best thanks to our friends for all the help we have received, and especially to the Whampoa Bethel Fund and the Hongkong Rope Manufacturing Co. for their generous donations.
In spite of the longer absence of the Fleet searly 10,000 men have slept in the Home during the year; although purely a temperance establishment no sailor or soldier is refused a bed whatever state he may be lo, and no par- tiality is shown,
Total 366 acres. Extensions.During the year the directors have acquired either by purchase or direct from government further lands adjoining the present cultivation amounting in all to cp proximately 697 adres. Your directors ara of opinion that the addition of this area to the cultivation will considerably strengthen the position of the company. It is proposed to open up this land as rapidly as possible and In order to provide funds for this purpose the directors recommend an increase of capital. A notice rimmoniog'an extraordinary general AD illustration of the way the men appre meeting to pair the necessary resolution acciate the Home is afforded by the action of the mes of H.M.S. formouth shortly before their leaving for the Homeland. They asked lection for the benefit of the Homs. This was done and the money received put towards the cost of a new harmonlum for the prayer room. During the winter months a series of popular concerts was started. They soon "caught fire" and the large concert room was full week after week. The audience was almost entirely com posed of sailors and soldiers and the men of the Naval Dockyard and their wives. Friends all over the Colony have shown great willing: ness to help in these concerts and we extend our hearty thanks to them.
MARCH 26 1010
CHINA SUGAR REFINING
ANNUAL MEETING.
$24th inst. The thirty-second ordinary annual meeting of the shareholders of the China Sugar Resniog Co., Ld was held at the offices of the general agents, in the forenoon, to-day, for this purpose of receiving the report, and statements of me counts for the year ending $1st December, 2009. The Hon Mr. W. J. Grasson prasided, rare were also present-Hon. Sir Paul Chater cato, Mesus, F. Maitland, H. F. White, J.W, C. Bonnar (consulting committes), Ho Fook, Le Cheung Shlu, Wong Leong Him, G.K. Haxton, & Rodger, A. Turner, S. H. Michael, E. J. Grist, A. Doritos, Choa Po Shing and Barton (secretary),
The Secretary having fead the notice con- vening the masting,
UNION INSURANCE SOCIETE
› OF CANTON.
ANNUAL', REPORT.
OPIUM-SMORERS
QUESTE FINES. ATITËN
100
Over forty Chinese appeared before Mr. Es R. Hallax First Police: Magistrate; in the to bar, 24th inst. Police Cout this afternoon in connection with The report for presentation to the share» holders at the thirty-sevenih ordinary meeting aid which was carried out last evening by
Delactiva Sargeant Gab Walt and a pery of to be held at the Society's offices at mood, on detectives at No. 12y Gaga Strony Th Bant Wednesday, the rgth proz, is as follows two defendants were charged with keeping an
The Board has now to lay before the shares holders a balance sheet containing a summary pam-divan at the sbors-named place and the remainder were charged with smoking: the of the property and abilities of the Society of drug Detective Watt told his Wombip the 31st December, 1989, and a statement of that shortly after seven o'clock, last night accounts to the same date,
he went to No. 41 Gage Street with a party of detectives and in one of the: rooms saw the first defendant seated, at a table: with the others gathered round him. Mors of the man were smoking opium sada number The mom was fitted with wooden beaches on of oplam utensils was found on the premises,
which all the defendants sat huddled together, According to sanitary regulations, permission was allowed to accommodato seven parsons only.
1908 Account. After payment of the interim dividend of $30 per share and the bonus of so to contributors passed at the last annual meeting there remains a balance of $779.530.00 as por annexed statement,"
The Board recommends that this sum be ap-
*
A fiad dividend to shareholders of
7-Sto për share on 12,400 shares...$148,000,00 an addition to the reinsurance fand
of £10,000, 0:ơ at exchange 1/99.16 mar Tobe carried forward to underwriting suspanse account to close the account for the year 1908
410,215.65
$779.530.00
cated..
Hls: Worship imposed a fine of Syb on the 34-35 first defendant, Sig' on the second dafendant
· and 53 each in respect of the remainder. :"Tba) iam implements were ordered to be confis
VERNACULAR PRESS OF CHINA.
REMARKADLE STATEMENTS BY THE "TIMES' *\. CORRESPONDENT.“ Under daca January 21st the Timar corres pondent at Shanghal contributes the following Interesting and informing letter:
· 190) Account—The balance of working ac- count on the stat December, 1909, was 53,553,- 545.51 as par aonexed statement.
"The Board- recommends that an interim dividend of $30 per share be paid to share- bolders, absorbing $372,000, and that a bonus of so per cent. be paid to contributors, absorb ing about $150,000, and that the remainder be carried forward.
The Chairman said:-Gentlemen, The repropriated as follows part and accounts having been in your hands for some days you will doubtless agree to follow the usual course and take them as read. When addressing you at our last annual meeting. I mentioned that the prospects for the ensuing accounts which are now presented for your year appeared to be favourable, and from the adoption you will note that this forecast has been justified. The result le all the more satisfactory when you take into consideration that at no time of the year was the Bowrington Refusry working, and that the production at East Point was on the whole considerably below the capacity of that establishment. You will gather, therefore, that our sales were in volume below the average of some previous years, but this was not due so much to a falling off in demand for the refined articls, but to the fact that, in view of the rising markets everywhere, we deemed it expedient during the second half of the year to busband our stocks of raw sugar. The purchasing of our supplies of raw is, an you are award, a source of continual anxiety, and in this particular instance we had expected to receive our usual quantity of low grade engar from the Philippines, but in the matter of price there was a big difference between our idea and those of sellers, which made business prohibitive. Fortunately, however, we are not altogether do pendent upon the Philippines for oursupplies of this class of sugar which we are now obtainlog tom other sources. Turning to the accounts you will notice that we propose to pay a dividend of Sto per share absorbing $200,000,
mines, which are well-known to the pablir condition. Considerable expenditure has been if they could give, # concert and make a Co-carrying $40,000 to repairs and renewals ac-
General-The estate is now in excellent incurred in the treatment of disease and the general sanitation of the astata. This mark bas been taken in band very thoroughly and it is expected that the clearing of all dead jongle timber from the cultivation will be completed during the current year.
PARA RUBKER.
༔
The output of dry rabber during the year amounted to 47.985 lbs. No. 1 sheet, and 25,379 Ibi, of other grades or a total of 73,364.Ibi, a9 agalası 57,706 lbs, in the previous year, 14,000 trees were lapped over 130 acres,
5.23
The following figures will be of interest: Average yield per tree per tapping Ibs. .0795 Average yield per tres per annum Average yield per acto............................564-34 Average yield per coolle employed » 2.46 Cost per lb. (labour only for tap.
ping, opening trees and trans.. port to factory)
*****..................... cents 16,00 The average prices obtalued for the crop sa far sold are 71. d, for sheet and sa, gd, for scrap as against 45. 4d. for sheet and 28. 11 d. for scrap in the preceding year. A portion of the crop was sold during the year under contraci. Rubber in transit and in store at January 31, has been taken as to the portion Lince sold or contracted for at the actual price realised and as to the portion unsold at $a per lb.
"Machinery.The machinery Installation is now complete with the exception of the new deying bouse and it is expected that the whole will be in working order shortly.
Management. Mr. R. B. Murray -bas,been in charge of the estate throughout the year.
Labour-No serious difficulties have arisen
The branch of the Specie Bank has control of the money-market of Manchuria, but it is only a commercial bank, and is not entitled to -accommodate industrial enterprises with funde. Such being the case, Japanese merchants secura from usurers loans which are usually obtained at 3 or 4 per cent, par meosam and at 40 or 50 per cent, par apoum in the case of sums rang. ing from Y5,000 to Yeo,000. Of the Mau- churian 'merchants sumbaring thousands, only 800 are doing busloase with their own money, which amounts to Y3,000,000 in all, while others depend on usuteri for the operatiga of their business. The authorities are doing their best to reduce the rate of interest by some means or other. Slace last year, some members of the Diet have been' petitioning the Govern- ment to cutablish a special back in Manchuria but the latter has refused, the request on the ground that Manchuria is not advanced in. industrial undertakings, for which reason the practice of advancing loans is dangerous. But from the Manchurian point of view, the de-in this respect although the Malay labour is
as csual somewhat uncertain. ficiency of adequate fuascial organs cannot but be held responsible for the non-deve- lopment of its enterprises. Some time ago the Hokkaido and Formosa were provided with special banks of their own, and it is to be hoped that the same measure may be taken in Manchuria. The Chinese, on the other hand, are busy trying to obtain control of the financial circles by establishing a mone- tary organ in their desire to recover their lost rights. At this juncture it is a pressing duty to introduce a bank with a capital of over Yio, 000,000 in Manchuria as soon as possible, and to place Dairen and Port Arthur in North China on a par with Shanghai and Hongkong,"
The reference of the Chlef of the Kwantung, Government to the "fast righia" of the Obiness __la very interesting,--Japan Chronicle.
BANGKOK RICH TRADE.
REGULAR REVIVAL AFPARENT,
11
Under date 11th fast, the Bangkok Daily Mail writes:-A regular revival in trade is be coming more and more evident in Bangkok of late. Shipping business is becoming moré active and the local ricamills are busy once more. This proves that a plentiful supply of rice and paddy is pouring in from the country and that the demand for it is brisk,
Local freight rates are going op, and we learn that some steamers left recently for Singa pore carrying cargoes of rica, at 2 cents per pical which is considered an excellent freight rate in this part of the world. A cargo of rice At this rate to Singapore pays the steamer Oasis about Tics 5400 and upwards according to capacity. The return trips from Bingapore generally average fifteen hundred to two thousand dollars. This is fine business and emphasises the fact that an abundant rica-har- west for Siam in one of the best things'to which the country can aspire...
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At present the fear is entertained that the dousual rain at this season will more or lesS injure the rice barvest. In many districts the paddy is piled up in, stacks, the farmers, not having time to have it thrashed and gathered ID. This is chiefly owing to the slow, primitive methods in which harvesting is carried on in this country and which frequently expose the paddy cultivators to certain risks, both le time of sowing, as well as in savlag their crops. Sear ing that rice-growing is, and will continue to be the great source of Siam's wealth, it is of vital Importance that it should be encouraged in every way possible.
Informer years a coyas of paddy could be had In the local market for about Tick. 40, or less, and today it is sold at Tica 80, and upwards.
This proves better than anything else, the great and growing demand that exists for rice and this demand is increasing in ail parts of the world When rica in abundant money 1 plentiful and trade is brisk in all its
from
branches. But we see by experience in Siam that in years of a poor rice-harvest, basianss and all, lines of commerce suffer parts dans
Keeping this in view, we cannot refrain. suggesting once more that in order to insure big harvests for blam annually, it will ba ecessary in: introduce modern labour-saving machinery into the country and to educate the farmer in Ita tiES
There is nothing the men like more than a good ramble or launch. picnic. This takes them right away from the ordinary routine. They are times of real good fellowship which a man can appreciate so well when he is away
from home.
A great part of our work, and one in which we are increasingly successful, is the temperance and religious work. We do not proselytiae. No man who visits the Home is commandeered and pressed to go to à mest ing. All we want to do to the men when they come is to make them feel at home. We are glad to say that without any pressing the men come to our meetings in large sumbers The success of the meetings depends almost entirely upon the men themselves, for they are chiefly responsible for the organisation of them and for the speaking.
THE RENOVATION, SCHEME.
An important step has been taken during the past year. Hitherto the committee have, not been able to do what they would have liked to the Home really attractiveandcomfortable, The reason is the one the reader will anticipate: lack of fonds. The decrease in the number of Finance. The directors have recommended of ships on the Chips station of late years that the sum of $30,000 be placed to reserve has meant that we have had no surplus in- out of the profits for the year to meet, the cost come. The committee decided to make up for of developing the portion of the present ares. this lack by entering upon a great renovation get yet in bearing and to complete the factory
scheme. The rajsing of funds has meart hard installation. It is proposed to meet the cost
work, but has brought many compensations, of the extensions contemplated by a new issue especially in revealing the kindness of friends of capital..
and the loyalty of the service men to the work of Directors. The board
now coppiate of the Home Lady Piggott quickly responded to Meurs, M. E. Plumpton (or leave), E. Hour appeal in the lotni Press. We owe much Bratt, A Gentle, F. E. Jago and W. W. Cook.
to her and to the officers of the Army and In accordance with the articles of association Navy and their wives and other friends for Mr. A Gentle retires, but being eligible offers splendid help to organising and carrying himself for re-election,
through to success the garden fête, which was Auditors-Messrs. Derrick and Co. offer the mass of raising $1,736 for our fond. Later themselves for re-election,
on the Band of the zad Cameron Highlanders gave us a concert which brought in $359. Dr. Voretsich was instrumental.jn getting $120, blog the result of a collection made at the instigation of Admiral Ingenobl on board the German squadron in the Far East. Then at a bazaar organised by the Church at Wanchal and opened by Lady May $1,100 was raised.
F. E. JACO, Chairmao. FURTHER CAPITAL.
An extraordinary general meeting of the company will be held at Winchester House, on March 23, for the purpose of considering and if approved, of passing the following re solutions
1. "That the capital of the company be in-We are greatly indebied, too, to the Service creased from $100,000 to $120,090 by the crea men for the way they have collected for the tion of 10,000 new shares of Sz each to rank cheme. They have been our principal helpers pari passa in all respects with the existing throughout. Altogether we have in hand at the
present moment $4,500,
shares of the company.
2. That the Directors be end are hereby authorized to issue the, said 10,000 shares forthwith at a premium of $8 per share above the nominal value of 57 per share to be paid in fall on application,
3. That the said 10,000 shares be offered in the first place to existing shareholders of the company so far as practicable in proportion to their holding in the company.
That
4.
should any shares to which any shareholder, is entitled under the preceding resolution not be taken up by sach shareholder or his nominee, the directors be and are here by empowered to Isna sach shares to any other person at such premium as they may tblok ft.
+
L
ROYAL HONGKONG GOLF CLUB. The Captain's Cop was played for at the Happy Valley from the roth to arst March with the following sexolts —
* E. J. Grist
H. 3. Sweeting
Gross
81
Haudi. cap.
Net.
4
Comdr. Penfold... Hon, Mr. W. LA
Gresson
... 88,
9.
89
TO
16
98
18
8
S. S. Logan G. M. Dalgsty.... 98 Staff Paymastor Wilson........
92 *Winner of Cup. 41 Entries
FODL
Gross
* A. P. Dashwood...
J. Clark
A. W. Walkinshaw
H. S. Sweeting...
Comdr. Penfold....Bg
Hon. Mr. W. J.
Grasson,
5. S. Logan gå Winner of Pool.
Handi-
cap
5 8 dodan 1 ** Y JUN
Not.
DIRECTORS
Since the last general meeting Mr. H. A. W. Slade, Mr. W. Helms, Mr. E. G. Barrett and Mr. C. S. Gubbay have resigned their seats and Mr. J. W. Bandow of Messrs, Melchers & Co., Mr. H. A. Siebe of Messre. Glameson & Co., Mr. G. Balloch of Messrs. Gilman & Co.. Mr. Fr. Lieb of Messrs, Arabold, Karberg & Co., and Mr. G. H. Medburst of Messes. Dad. wall & Co., Ld, bare joined the Board.
|
"In forecasting China's future progress along the path of reform, it has been the custom of compelent observers, and quite justly so, to place the nativa Press in the front rank of ranovating agents. There is no doubt that the protection afforded to the Prots in the Foreign Settlements of Shanghal has been a very considerable; factor in the 'development - of -progressivo public opinion for the past 20 years. "No compatent observar of the march of events can have failed to realise, especially at Peking, the markad changes which have im pressed themselves upon the Government of the cogatry as the result of the expression and pressure of that opinion. However tainted at: times by the tendencies of the babu, however, uneducated and crude, the journalists of China bare done good work for, their countrymen as -educator of the pubilé in many new direc- Messrs. W. Hutton Potts and A. R. Lowe❘tions, and it is, therefore, a matter of no small
A.. FORBES. Chairman.
To Capital 12,400 shares of $250 Hongkong, 23rd March, 1910,
In accordance with clause to of the articles of atrociation Mr. J. W. O. Bonuar and Mr. A. Forbes retire, but offer themselves for re-elec-
tion.
AUDITORS:
each = 53,100,000 upon which Stoo per share called and paid
To Reserve Fund, Stellag...£90,000 1,001,739.13 Silver .............. $3,000,000.00
$1,240,000,00
plant team 4,001,739.13.
count and placing Sty0,000to credit of equaliza-retire, but offer themselves for re-election,: tion of dividend fand. The experience of the past has amply demonstrated the expediency is good years of transferring large sums to thin fund, and in view of the fact that as time goes os competition becomes moja savate i bave no doubt you will approve of this policy being con- tinted. The repairs and renewals account instituted in the year 1905 has proved ex- ceedingly advantageous and as we have in view some improvements at East Point | which should result in a considerable saving in working expenses i trust you will ap. prove of the proposed application of $40,000 to this fundas""also of the bonus to the staff. A fow words about the future will, so doubt, be appreciated. We have secured, the greater portion of this year's requirements of raw at prices which could not now be repeated. The demand for refined is good and sales are showing a satisfactory margin of profit: if this anpual meeting should be satisfactory. There continues the figures laid before you at the next is no further information which it occurs to me to give, but I shall be pleased to answer any questions which you may desire to ask.
There were no questions.
The Chairman moved the adoption of, the report and accounts.
Mr. A. Turner seconded.
The motion was carried unanimously."
· Mr. E j. Grist moved the re-election to the consulting committee of Hon, Sir Paul Chater, cxo, Menn E. Shollim, F. Maitland, H. P. White and J. W. C. Bonnar.
Mr. G. K. Haxton sacooded, Agreed.
11
Messrs. W. Hulton Ports and H. Percy Smith wera re-elected auditors, on the motion of Mr. A. Denison seconded by Mr. A. Kødgør.
The Chairman:-That is all the business,
To Unclaimed bonus and dividend To Exchange fluctuation account To luvestment fiscruation account. To Working account 1908 balance To Working accountiĝog balance 2,552,545.51 To Reinsurance
fund..........£129,240.14-7 1,338,431.78 To Underwriting
suspense account.£ 16,363, 79 To Bundry creditors............................... To Liability under cash certificates issued to part payment for China Traders' abares................
Cr.
10,770,86
$11,117,457-55
concare to the State that the Press should con- tinge of liberty, and that its utterances should- be those of enlightened and patriotic men.
· PRESS CAPTURED BY OFFICIALDOM.
· “A remarkable, change has come' over the Chinese vernacular Pross during the past year. Concisely stated, the change which bás över, | taken the nativa Press. Is that, it has passed
under the control
Chinese official At the present moment there is hardly a nawa- paper, worthy of the same in China which is not owned or subsidised by the Mandarins, and 8,019.50 the result is that the outspoken criticism of two 205,377.36 years ago la generally replaced by a spirit of 81,706.69 comfortable acquiescence in the established or 779,520,00 der of things. Tbls change, slowly and secretly
brought about by methods which testify to considerable amount of intelligent organisation in the official class, would not have been so readily possible were it not for the arbitrary 393.759.87 postal and registration regulations Introduced 604,676.63 under the authority of the Central Government;
'It Is significant of the spirit in which the Im-' perial Maritime Costoms Administration now works under the Shot Wu Chu that these postal and Press regulations have come into effect without attracting protest or notice so far as the public is aware. It is clear that; whare official registration of a newspaper is required before By Cash on currant account at
postal facilities are given the existence of any Hongkong....3 - 42,396,76 | Joumal in Ohinese hands can be made to
depend on its attitude towards the officials By Cash on deposit with Bank in
and even where, a nominal foreign owzar- Hongkong, Shanghai, Yoko. hama, Kobe and Singapore......
ship is introduced, for the purpose of pro- tecting a By Amountinvested in mortgages,
newspaper from injustice" or debentures and other securities
oppression, experience has shown that the Chinese editors and staff can be, and am, ex- In Hoogkong, Shanghol, Yoko- bama and Singapore
posed to serious difficulties and dangers. In insen circumstances, it is not surprising to find that newspapers which formerly stood for critic ism independent of the official class, and which were inspired by a sincere conviction of their country's needs, bayo now passed into the control of officials in Shanghai, for instance, a list of the owners of the landing-newspapers, include the Shanghai Taowal; the Governor of Manchuria, the "Viceroys of "Chikli and Kiangru, and a certain high official Interested in the sale of anti-opium pills: : The Shanghai.. Total, in his own capacity and as repre- senting the Viceroy of Nanking, is interested In four newspapers. It is a significant fact in connection with this form of official journalisms that those mawspapers continue to be registered lo the names of "foreigners for purposes of- protection, a state of affairs which would appear to suggest the same kind of precaution. that high Chinese officials take when they re- gister their landed property in the names of foreign lawyers.
By Amount invasted in London,
viz.
gentlemen. Thank you very much for you Deposited in Banks, £102,0901, 0.0 attendance. Owing to the Easter holidays | Other investments, 261,430.10.0 dividend warrants will not be issued to-day, They will be ready on Tuesday.
The meeting then ended.
LOSS OF THE "TAISHAN"
ARRIVAL OF CAPTAIN AND OFFICERS.
The captain and officem of the ill-fated 1,s.. Taishan which foundered in the neighbourhood of Swatow arrived by thes.s. Haicking from the Northern port this morning. Details of the mla- hap are meagre. It appears that while making for Swatów from Hoogay the sa, Taishan strack the Sal Rock on Tuesday morning at half-past six, in a dense fog. The position of the vessel from the very first appeared to be serious and when it seemed imminent that the vessel would founder the Chinese crow left in three boats. Two of the boats arrived safely at Swatow yesterday morning the third has not yet been, reported but is believed to have been picked up by a Northern boat and the crow taken on on the Home. The sanitary arrangements have
Most of this money has already been spent | to Shanghai,
As soon after the stranding of the Taishan been thoroughly overhauled and many of the 29 was considered expedient," the Captain sent rooms plastered. We are about to put enamel jone ol his officers to dwaraw to obtain aasist- baths and good porcelain wash-basins in the ance. The latter returned in a lanach to lavatories, and a roof to a part of the verandah which all the European, officers transferred on the second floor, and to rent much of the as by this time it was impossible to furniture that at present, is in a dilapidated remain on board the wreck any longer condition:
with any degree of security to the officers. The officers belongings were safely tranship- ped to the launch and taken to Swatow. The who arrived in safety at Swalow yesterday Chinese crew left of their own accord. Those refused to be brought on to Hongkong by the Halching, ma they preferred to remain at that port unul news can be received from their comrades who have not yet been reported from the third and only missing boat.
We are very glad to be able to report so much progress in the matter of work done. It alors when they returned from the North on was a real pleasure to bear the remarks of the seeing what had been accomplished."
AN APPEAL.
Mr. Brows, chief engineer of the Taiskas kas
When the Home was opened there was owing to the Army and Navy Board of the Wesleyan Methodist Church £700. We have not been able to pay much of this back and also remained at Swatow; he is suffering from to-day we owe them 4635. This money has bean lest to us quite free of interest, Dura touch of fever and will probably be well. en renovation scheme has been brought before ough to proceed to Hongkong by the naxt this committee and they have helped as to the extent of allowing us £200 off the debt.
:
604,956.52
1,870,259.95
£363,430.10.0 4,045,139.48
11,130.44
By Amount invented
in Australia £ 1,000, 0, 0
By Amount at dobit of branches
end agencies.................. 1,151,631.75 By Sandry debiars ...............................................
335,803.00 By Office Inases
42,104-33
By Bille receivable .............. By 23,208 shares in the China
Traders' Insurance Company, Limited, at 595 per share. ".................
By Agency commissions,
By Head office, branches and agency charges, adresa By Remuneration to directors, committees and claims paid,... By Lasses and claims paid
By Bonus of 20% paid to con
tributors, ..................
25.415.25
2,088,720.00
Sx1,117.457.55
By Interim dividend of $30 per
sharo, By Balance, .....................
THE JAPANESE AND THE “MIM HSU FAQ,"
"Some idea of the nature of the change
WORKING ACCOUNT, 1908.
· On 31st December, 1909. To Nett premium... -----900- ...........5 3,835,241.06 | which has taken place and of its effect To Interest,
samonas 461,563.31 on the development of public opinion may be obtained from the recent case of the $4,297,895.27 Hin Bru Pas, a case which has attained notoriety throughout the country,_and_in $13,894-91 tit! attracting attention in Paking. The Afin Fau Pao was the last surviving newspaper 470,841.36 of the independent school pablished in the Shanghal Settlements. It had been refused 18,811:40
registration: anti post office facilition by, the 117,12,40 Shanghai: Tastal, but continued nevertheless
to enjoy a considerable reputation and to exer 3,930,570.07 cine no little influence locally. Ita editorial staff were of the "Young China” class, and 215,515.27 their criticisms of the Government's policy in ganchuria hed, for some time bean noremitting 372,900,00 || and scathing,” When, therefore, the Japanasa 779,520.00 Consular authorities at Shanghal drew the at- tention of the Tantsi to the fact that this paper $4,397,805.37. was publishing articles hostile to Japanese Interests, ¦ it - was not surprising to those WORKING ACCOUNT, 190940,
who were - ln the secret of the Chinese' officist' no
On 31st December, 1909.
Press organisation, to find kim readily absent- To Nett premium.
$4,330,509.31 || ing to the suppression of the Min Ho Pao with To Interest.ama
445,205.65 a view to "the maintenance of harmonious rela»:
tions between China and Japan). The news- 56,775,715.16||pspor was made to suffer, not on account of Its expression of political opinions, but because By Agency commissions......................§. 101,684.26 of its independant attitude in Chinese affair,
Head office, branches and
and because of ita: frequent and plainspoken" agency charges a
-436,446,57 || attacks upon Chinese officials. The Journal Remuneration to directors,
was summarily suppressed after an» inform- committees and auditors....... 19,205.35 al sitting of the Mixed Court, Irregularly But we fally hope to be able to clear the debt | `Last Monday evening at about 5 o'clock two „Losses and claims pald ...................... 1,665,513.67. constituted and without any aridence-what- off In addition.
coolles on the Kepong Estate Kwala Lumpur Balance........................................... 9,552,545 51 cover being given against the defendants. It We do not want to malliply words over an were fishing in an abandoned mining hole a
le significant of the manner in which rech appeal. The need is plain. ́ ́We think the short distance from the maunger's - bungalow.
$4775,715,16|things are done that the English lawyer rutáln« claims of the men who serve us so well on land | They had not been near the pool long when a Sterling Exchange taken at 14, 9 9168., 14 fed by the caffe Bra. Pas elicited from the g and sex, too, aro- plain.. · To all who hare the | crocodila seized one of the man by the legs.
||Japanesa Cohmi-General a written danial of walfare of these men at heart we most gamestly | The reptile got a secure' hold above the usfor- THE Osaka Zifi reports, that orders have been the existence of any official Japanese promičus appeal.
tunato men's knees and began dragging him placed (with the Mitro-Hishi; and Kawasaki tion in the coin, while the Taotsi, on his side, under water. The other coolie caught hold of Dockyards for the construction of log and officially stated that the prosecution had been bis friend and attempted to pull him out, but an ice-breaker, to be completed within; eight lostituted at the request and in the intersets of the crocodile drew both men into the water, months, for use in the harbour at Dairen, Tko the Japanese authorities. It is also significant The uninjured man then scrambled out and South Manchuria Railway Company: gives the of the present condition, ofiarai thác în min ran to call the manager, Mr. W.D. Fraser. Mr. orders. In addition, the Company has order. most every one of the provincial assecabilne Framer took his gun and proceeded as fast as od five lighters, 100 tons capacity, and Bro, subject of newspapers under official owamship. possible to the scene of the tragedy. When be with 350 tons capacity, from a Shanghai firm, or control was got there, he caught a glimpse of a crocodile's the Mitsui Bassan Rash acting as Theron, and that the strongest head disappearing under the water, but there dieriss. The lighters are to be completed in of GoverRMÁ was ng pền of its victim,
MAY
So, then, to complete the entire schame wo need £500. That Is, 65 to complete the work of renovation and L435 to pay off the debt. As the mossy comes in it will be spent upon the work of renpration till that is finished.
A MAN who trespaised in a house at Hunghom the other evening appeared in the Police Court an Monday morning. The Police informed his Worship that the defendant on being captured was found to have returned from, banishment and was up to his old tricks again, « The man was awarded six months and one month, res pectively, on the two counts and six hours' stocks
Donglas steamer, ..
The Talahan is a total wreck.
'ATTACKED BY A CROCODILA.
TRAGEDY AT KEPONG.""
L'against the 'continuusca"
thor end to aska
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