131
NA RUBBER VALUATIONS,
SOME TÉRTS, UNDER A' REVISED, SCALE,
| CHEMDONG, MERLIMAU, AND INDRAGIRI
COMPARED..
THE HONGKONG TELEGRAPH SATURDAY APRIL 23 1010
We ignore a smill patch of very old robber also 5,000 trees which the valuer, Mr. W. R. Rowland, considered not worth valuing, and 100,000 gotta paicha trees which be acknow ledged he could not undertake to value. Fure ther, we take, no account of rubber which may Iba plastail and brought to 'maturity within the turm of seven years to which the following We received some days ago an anonymous scale valuation applies. Rou div, there are letter, dated Kuala Lumpur, April 3, enclosing 45,000 sound rubber treed on the estate, and a copy of the Chombong Pedas Rubber Comwa ascertain the acreage by, dividing the tunal pany's prospectus, The writer asked us to give of each nga by £5, that being an avarage num an oplaton" as to how does, it compare with ber per acre. Here are the results:
SCALE VALUATION, other forations, principally with Merlimau "Estate." Now this looked like a challenge, because there is an impression that we did not speak over kindly about Merliman, and most of the people who read our comment have for- gotten that the thing wo severely condemned was the Waste of about in,000 in proization expenses, Merlimau was floated last Septem bar and was judged by the standard of those almost prehistoric days. If it were put on the -market now, we should expect the capital to be half a millor at least and the charges for pro motion about £50,000. So greatly have" we progressed!
8 acres 8 years old at Jan, 1, 1910 will dard in 7 years coding Dec 34.1916
112 acres 6 years old at Jan, 1, 1910 will care in y'yaars mulla min Bo acres 5 years o:d Jan,
1910)
will earn in 7 years ...... Bo acres, 4 years old Jan. 1, 1910- and will farai in ‡ years ****
Bo acies 4 years old Jads 1, 1916
will earn in 6 YEATS .....................i
зво
METHODS OF VALUATION,
£4.998
55,580
3.
$3.700
26,700 18,800
After looking at the way in which the valuers (Mr. Herbert M. Darby for Merlimau, and Mr. G. Bloomfield Donglas for Chembong) hed set out their facts, we come to the conclusion that the only way to make a comparison which would deserve more than a second thought was to fix upon a acale applicable with something like mathematical exictitude to any rubber company, old or, saw. The scale we have devised, though no doubs: open to and assured of receiving criticism, is, we believe, absolutely We feel quite justified in remarking that fair and moderate, and we propose to use it the way in which rabber estate valutions antil we find a better. The principle is pere made in a great may i stances is' a fectly simple. The problem is to ascertain the demonstration either of blundering incom probable yield of rubber within a given period, petency or mere unscrupulous readiness to and the profit on such rabber at the price play into the bands of promoters who wish to which may be expected to prevail during that mislead the public, le care after case, esti perlod. Guided by the scale, which we have mates are given in lump sums without the made upiti a kind of ready réckout form, we alightest indication of the principle by which take out the result for one acre, and multiply they are arrived at Venders end for one by the number of acres of corresponding age valuer, and if he happens to be an honest possessed by the company under examination. Rebilemas who gives a conservative estim.ite, Here in the basis of the scale for: production they send for one lower in the professional and profits so that each reader may have it in scale, and tell hins they want something better bis power to check the calculations, or to make than Mr. A. or Mr. . has supplied. He gives it calculatio. with reference to other companies for a consideration, and it is quite easily dene because them is no quid eg standard; and the so called valuer may sling his 6gures about Ae pleases. We know of, a case which One of the best. occurred quite recently. known valuers in Malaya estimated a pioperty "Profil about £20,000. That did not sun, ale per lb. promoters, and they sent for one of the least known and got him to value it at about 61.
£50,000 In dealings with rubber pinperly, the accuracy of a valuation may make all the difference betweeo an honest and a swindling flotation; and it would be an enormes advantage of the Company Acts, Imperial and Colonial, contained some such clause as this
on the same basis:
RUBBER PROFITS SCALK, Production.
Age when Annual
Profit..
tapping
begins. peracre
Year.
31 years... 75 lbs.
19ம்
100.
1911
5/.
11 ***** 200
1912
41.
1... 250.
4913
3/6
#
150, 1914
3/
"
410
1915
Q
11 + 430,
195
#
1917
#
...: 550 *
19:8.
12
Bon
P1
+919
od.
*
...... 600* 1920
EXAMPLES
(a) An acre of rubber 34 years old
at beginning of 19rn will yield
by the and ní 1914 (5 years) at 6/5/4/- 3/6 and 3/- per lb, a a profit of
(b) An acre of rubber 5 years old at beginning of ign will yield by end of 1915 (5 years) at 5/ 4/3/h, 3/- and 2/- per lb, a profit of S
6d.
£183 150
City 50 Na sesle can be absolutely exact, for all as speculation in dealing with the furorení tubber; | but for comparative purposes this scale is mathematically exact, though we remain at the mercy of valuers as to the actual condition of the trees, the soil, etc., on the estates they report upon..
THE ESTATES COMPARED.
.
Let us take first the two estates for which our anonymour coirespunden has asked no cam. parison. Merlimau was floated in London in Beptember, and the list for Chembang closed at Kuala Lumpur on the 6th of his month- MERLIMAU · CHEMBONG, £210,000 £11,666 Acies planteri 5.Lou
004 MERLIMAU PROFITS. FUR SEVER YEARS. The details of the Merliman acreage and the profits to be earned acording to our scale for a period of seven years from Jan. 3, 1910, are 35
Capital
auder:-
580 acres will be 31 years old on. January 1, 1911, and will enrn per scule by Dec. 3 1916 (6 years) a total of...
HONGKONG'S OPIOM LU
FON PENSATION.
SINGAPORE WATCHING THE PRECEDENT.
excomium).
4QUESTION OF SRIPS ASUS FITTINGSINGEN
CLAIM: FOR DAMAGES, AT, THE \SUMMARY/COURTŲ
His Lordship Till your return. I mean to say I can't let the case drag on much longer. "The case has already been on' for five or six weeks, How long is it 2015
T
*Mr. Hamis--Much longer Detandant--My Lord, I wish to ask witness- few more questions, i
His Lordship-You can put the questions through me What are they? who k
DafendantTe how that Capt. Jenkins is actuated by spite.
Tomato arst İnsti Before Mr. Justice Gompertz, Puisse Judge, at the Summary Court this moralog, the Kwok King Fat Steamship Company brought an action against George Thyne, late Chief Ufficer of the ship, to recover the sum of $900 as Capt. Jonking; who was about to leave the damages for costs incurred in replacing goods box, was recalled and gave further evidence, and ear destroyed, stolen or semoved on: from which it appears that on one occasion, the board the ship by the defendant. Mr. M. R. boatswain refused to obey defendant's order, Harris appeared for the plaintiffe and Mr. Leo.whereupon defendant reported the matter to Capt. Jenkins, who he asked to punish the d'Almada was for the defendant.
boatswain but Capt. Jankius refused to do so and called him a nuisance.”
His Lordship at this point struck out the word "stolen" in the writ of summas on the ground that there was no evidence that the materials were stolen.
Judgment was entered for the plaintiffs for $300 and costs $100,
THE GAEKWAR OF BARODA PRESENTATION OF ADURKES" BY THE SIKH COMMUNITY:
His Highnoir the Gaokwax of Baroda visited the Sikh Templo at Wong-noi-chong yesterday afternoon. His Highness on entering the fam ple was greeted who charts by the assembly. who had met in the hail, and the Band of the 205th Mabratia played a few bars of the national authem. When all the party had taken their seat; there followed an interval of profound silence, when the usual ceremony of chanting hymns began.
The religious part of the ceremony over, Jamadar Lall Singh read the following address on batalf of the Sikh community
Hongkong, 20th April, 1910, His Highness og 300
The Gackway of Baroda, G.0.5.1.es
Your Serene Highness,
CLAIM BY A JEWELLER.
We the assembled members of the Sikh and Sindi community of Hongkong, who embrace & QUESTION OF QUARANTER.
Dog faith, for ourselves, and our absoat main- aist lost."
bors, are deeply grateful to "Your. Serene Before Mr. Justice Gomperts, Paisne. Judge, Highness for the extreme high favour at the Summary Court this morning, Ah Fus, you have accorded to us in condescending to jeweller, Glod & suit against A Dreyfuss to reaccept our humble request to grace this our dua for goods sold and delivered, Mr. M. Hi Words cannot sufficiently convey the joy cover the sum of $130, balng amount of balance place of Worship, the Sn Guru Singh Sabha....
'Almada was for the defendant.
Your Second Highness was paying a visit lo Mr. Harris stated that the claim was for this busy shipping Colony of Hongkong; and
balance goods sold and delivered and a
we all of one accord wish to welcome you on of Scho," was still owing, The original its shores, and sincerely trust that Your High- G was $130. Os the 9th February ness's stay here may be filled with plasaurejud last, defendant paid Sto, The goods were sold on the and September last on an agreement that they were to be paid for in four months. With the exception of $10 on account, no further money was paid by the defendant, who absolutely refused to make good the amount 'due.
Mr. Hatria-You know ⋅i Mr. Almazoff, don't
Defendant-Yes. you?
"He is at present imprisoned for debt?--Yes, Isn't it a fact that you have taken Mr.Almazoff to different jewellers and introduced him to them?-Yes,
|
It is well known to our community. [he ex- alted position Your Serene Highness, flisin his well governed State, and the facilities givan by Your Highness to his subjecta in respect to commerce, science and education, and might His Almighty God keep and preserve you to. carry on the good work that Your Highness: has and is doing for bis subjects, who wa trust will benefit by your in estimable example.
We are glad to inform Your Serene Highness that we in this Colony are favoured with 'All nights and privileges as are abjoyed by all under the British rule, and our interests are scrupulously guarded in all without discrimio ation or favour,
A very important item in the telegrame, is that which announces that the Governor of Hongkong, Sir Frederick Lugard, has bee authorised by the Secretary of State to aanuuace to the Hongkong Legislative Council that a sum of 29,000 sterling has been granted from the imperial Treasury as compensation for the losses of opium revenus that bare rosulted from the dictation of the Imperial Government, the tool of the anti-oplum agitation, writes the Singapore Free Brass editorially. Of course
Mr. Harris stated that that was a simple Sir Frederick Lugard did not put it that way, but that is the way in which it must be action for damages for the wrongful con bosestly pet Sir Frederick Lugard farther version to his own use by the defendant congratulated the Legiilative Council that of certain fitting on board the Derwent. On the 16th January last, the fittings were the grant had not been confined to one
removed at Saigon and sold by the defen year. At this moment, not being able to a certain definitely the relation of this vote of the dabt. Defendant was at once put off duty Imperial Guveroment to the actual deficit of had an entry was made to the official log bobk. After the entry had been made, a letter the Hongkong Gorerament from the ordered
was received by Capt. Jenkins, Master of the closing of the opium divans, we can only say
Dernient, from the defendant, in which the fat- Tetal profit up 360 acresTM
that the principle of compensation bas bean in 7 years139.775 admitted. It would have been desperatelyfer adnutted hug removed the fittings but said he was sutitled to them on the ground Imued capital... 25323 dishonest if it bad col, but we have come to Exccia al profits over capital.....116 445 this, that the stray deviation of a Radical Go that the fittings consisted of jack (obsolete The earnings of fodragiri ore equal to aboui Veramant into virtue stands out as a wonderful, I ship'e fittings) and were of no use to the ship. | Harris a speared for the plaintiff'and Mr. Leo, that our hearts' felt un hearing the news inat
Their role is Proceedings were instituted against the defend. for tech of capital, whereas Merlimanangely, creditable thing.
Rohtical vice, and virtue is so exceptional a ant in the Marine Court and his certificate was nings come out at L2135, and Chembong s
anfestation that it is greeted with unwanted suspended.
His Lordship-I don't want to hear that. If the Imperial Government 91.
Mr. Harris-Very well, my Lord. is bonest-and what a strain on the mind such an assumption inflicts it will at once proceed to announce that the sums principle ni compensation is to be applied to the Straits Settlement, and to the Federated Malay States,
Capt. JJenkins, Master of the. Derwent, stat which constitutionally should be as free of
ed that on the 16th January last, he went to the interference of the kind as if they were in Máru.
tween deck of his ship and found that defend- To be honest at a cost of £9,ano is pun thing.
ant had col the lead pipes and various other But if our whole opium revenue is to be abın. doned, say, roughly, four and a half million fittings. He entered the occurrence in the dallars, the due comptasation to be paid an- official log-book. In reply to the entry, he was still on the Articles of the ship, in qually would be a matter of 50,000, the received a letter from the defendant, who abandonment of the opium revepue bad besa a joint policy on the part of the Imperial which the latter admitted having removed Governnicht and the Straits Government, there the fittings but said they were of go nic were commenced and amounted to 5, before would have been some ground for an apporto the ship, On the following day the repairs the ship could be made seaworthy again. Im- tinned distribution of the deficit, but as the deficit is due to the dictation of the Imperial
ported the case to the Harbour Masier. Government and age the will of the local mediately on arriving at Hoogkong, be re- Government and the people; the real amount due by way of solatium is the whole amonot abandoned in deferonte to an agitation, which no mau bere of any real understanding has the least sympathy with. As a soul of legalised garoiting there is something to be said for it, because might is ever right. It is brutal, but wo are not so unscientific as to refuse to admit that having the power, there is nothing to prevent the Imperial Government from doing as it liken. But then it must not 'prate of people's rights and all that sort of thing, it is a god-given champion of the gutter-snipes of Bethnal Green and Clerkenwell, but, for the Straits having co vales, it is a mailed fist, a Simon Legree. But if the Home Government wadet- take to compensate this Colony to the extent of the missing £$30,000 a year, assuming the whole be the fools they opium tavende presently to go by the board,Shortly after leaving Hongkong. nie, but we must admit their completo honesty. But if they try to commute their destructive "The person or persons who are promoters
financial action for ouything less than our full of the company shall be liable to a prualty not
aogual loss in perpetup, we shall take leave to exceeding on, on scting tak by the
hold them disonest in that most disgraceful public prosecutor for failure to comply with this clause, and such action shall not prejudice of all ways, secking 'n reputation for a dubious the right of any person who has taken shares virus, at the expense of a hapless victim. The blatant wearer of the phylaciery is ever in the company to proceed for damages for
to be suspected. We trust that the Legis misrepresentation.
"Provided: that if the promoters of the chmative Council will very vigilantly look into the Hongkong precedent announced to-day. pany produce a certificate of the vendor, swore
The question is the very biggest thing the before a notary public, that there, has bien no other valuation, they shall be held blameless, Celany and the Federdied Malay States are up and action may be taken by the public prose-gainst at this moment. And here is a fine cutor, and by persons who have taken sbares field for determined activity. The principle of in the company against the vendor as if he compensation is admitted, Let it be bummer ed in to the head. Koowing the Radical were the promoter,"
morality it is safe to assume that if it can bilk this Colony in the compensation transaction will. We want no welibing in the matter, and the Imperial Government is going to be as closely watched in all this as any dubious bonkie ab Epsom Downs.
DISCLOSURE OF VALUATIONS. "The prospectus shall contain the fall text of at least one valuer's report and shall state whether the properly bas been reported upon by any other valuer or valuera, during the twelve months pieced issne of the pro- spectos, and if so the amount or amounts of such other valuation or valuations, and the name or samec of the valuer or valuers
74
We are not legal draftsmen, nad this may be rather "rocky" from a strictly legal point of view, but its meaning, we think, is quite clear. But there is another side to the question We have a Plapters' Association in Malaya and most of its members are called upon to value at one time or another Is it not possible for that association to uphold its own credit, the credit of the planting business and the reputa tion of its individual-members by adopting some fixed standard of valuation such as we have construc ed for our own purpose? Some will reply no doubt :. "Quite impossible ; ran.. ditions on estate differ to enormously. But that is no answer-it is, on the contrary, an additional reason for systematising the work of £107, 75 valuation.
900 acres will be 4 years old on Jaz,
3, 1912, and will earn in five years. ending Dec. 31, 196
* 4,740 2,120 acres will be 4 years old at Jav. 1, 1913; and will earn in four-years anding Dec. 3, 1515.............
********** 209 350 1,000 acres will be 4 years old at Jan, 1, 1914, and will earn in three years ending Dec. 31, 1916
5,600
Total profit Capital
W
VARIATIONS FROM SCALE, A
we may still know them
WIRELESS TELEGRAPHY ON THE PACIFIC..
is
TWO LINERS IN CONSTANT TOUCH. The G... Minnezata has a ¦ wireless log" of great interest, chowing what a great addi- tinual means of safety and convenience is sfforded ocean travellers, ikese days, by wire- tess telegraphy, The Minnesota get into touch with sever. I vessels or stations during the voy- It is quite probable that a committee of old age, but notably kept up a steady correspond. and experienced planters would construct aence, as it were, with the P.M... Korsa from sounder production side to the scale than we San Francisco, which arrived at Yokohama, last Friday afternoon, Wo append some extracte bove made; we have simply done our best to On the average a wide variety of opinions
hom this log. Readers will note the occa. profit side we are on equal terms-it is a matter signally great distances between the com of pure speculation, and all we can say for our municating vessels; 107,500
March 26 midnight.-Tamba Mars (430 scale is that it is quite as sanguine as prudence,
'miles off reports 800 miles from Flattery, 560,813 warrant, But suppose this scalp, amended or
March 27-P, M. S. S Korea (1,800 miles in its calirety, were adopted by the Planters' 210,000
Association, there would be an end of the mère of) reports 8 p.m. Lat. x.42 N, Long," 155,12 rambling nooienae, incoherence, and ambi-W, 106 miles from San Francisco, clear. guilty which so many of the valuation reports fight East breezs slight-1. W. Saunders, display. A valuer would state the result for a given period-say seven years, as that a fair purchase term for rubber praposi tions-strictly on scale basis. If he con sidered the Incation of the site, the quality of the toil, the condition of the trees the absence of disease, the supply of water, or olber circumstances exceptionally favourable 16,065 he would add 1,5 pr any other reasonable
Excess of profit over capital 6350,825 Merlimas earns its capital twice over by the and of 1916 and has C14081e to spare No credit is given for yields from planting done subsequent to formation of the company,
CHENDONG PROFITS FOR SEVEN YEARS. Corresponding figures to the above for the Chembong Estate show the following result:- 102 acres 4 years old at Jan. 5, 1917 will yield in the five years end- ing Dec. 31, 19:6 ...
PRING/OVE
100 acre 4 years old at Jan. 1, 1916
will yield in the four years end.. ing Dec. 31, 1916
402 actos 4 years old at Jan. 1,1914 will yield in the three years and. ing Dec. 31, 1916
318 acies, if planted this year, will be ready for tapping it Jan. 1, 1915, and yield for the two years eading Dec. 31, 19 5. masih
922
Total profit Capital
1
percentage to the scale figures in recognition of the exceptional quality or qualities. 15, do 9,875 the other hand, he found the ground weedy. the trees retarded by catch crops, or the soil poor io places, he would deduct a percepiago 21,697 adequate to cover these defects. No valaer worth his salt would experience difficulty in preparing a valastion on these lines, and the result would be a report showing how much the 9,540 property was above or balow standard quality, that standard, bring fixed by clean weeded. 57,087 well cared for rabber, on good average soil, and focated where average facilities for procuring $6,665
labost and exporting produce are enjoyed.
·Straite Times..
Excess of profit over capital Chemboog auras its capital ons by the end of 19-6, and has Lin421 to spare. In this case we give credit for 18 acret which have still to be planted, wherons we give Merlimau no such credited
i
PROFITS FOR Bach £1 or cAPITAL The most accurate test under our scale is to show what each £1 of capital will ears in the term of seven years. We therefore divide us," "solal profits by the number of paunde le the capital of each company with the following result je
March 27,-Korea reports 10.22 pm. To Capt. Garlick, Minnesota, thanks for position, fine weather, N. E. wind, smooth ca, Bar. 30.31, Ther. 70, compliments-Saunders..
March 28-Korea (1,830 miles off) reports 8 p.m. Lat, 21,16 N., Long, 158, 31 W. Light variable air, smooth sea. Left Honolulu at f p.m, 36 miles off.
·
Mr. Almada-How long have you bean B Master Mariner?-About 22 years.
As Captain of the Democal, i take it you know all about the ship? Yes.
How old is the Dorisent?-Thirty-one years. When you joined the Derwans, thèse articles were originally on the ship? Yes.
They were very old? They were as good as
new...
They were 3 years old and they were as good as now?—Yes..
ibe telegraph was not used? The telegraph was removed.
Where? At Saigon, When?--I don't keow.. Why?-o replace the cable When was this matter first reported to you?
And although the pipes had been cut the abip was able to go in Saigon?-Yes.
Dida't you go down to see the pipes didn't know the pipes were cut.
How much did defendant gel for the tinga?-S57.
You sigoed your name as a witness on these occasions? - Yes.
You guaranteed Mr. Almazoft, didn't you ?--I did Dot.
You signed your same just for fun?-Yes. 1 introduced him on his ows behalf and on behalf of Mr. Beraheim,
As a matter of fact, you look him to mora than one jeweller?-1 only took him to two.
When you say Mr. Hernbeim, what Bergheim do you mean?-Mr. G. Bereheim.
The health of our community is good, and we reside in peace and koppiness on this small, Island with the hope of sooner or later returning to our native land.
The site for this our small Templo in which we're now gathered, was kindly and generos ly given to nur community by the benevolent Government of Hongkong and it one of many, acts of its kindnois towards our people, mingda This building and its precincts are a great
Is he any relative of Mr. Bornheim of Jiboon and blessing not only, to us in carrying Ullmann and Company?—I don't know. Very far, I think
You signed your atms “A, Draylais, payable, four months, "Yes.
You said you want there on the sand Decem bet to buy some goods on behalf of Mr. and Mrs. Bernheim ?-No.
Are you quite sure that there was no agres ment that you should pay for the goods and that Bernbeim should pay you back?-Yo.
Why did you pay the plaintiff Sto?-Because on several occasions be told me that be bad no money for China New Year and asked me to give him money as a favour. i waid. "I have fitno money but if you want I can fat you have
$10,"
His Lordship estered judgment for the Mr, Almada asked for a stay of execution for pleistis. a fortnight, as the defendsat had a policy of insurance in respect of sams goode on Mr. Bernheim but he could not obtain the money owing to a defect in the policy, The application was granted.
Do you consider that a fair estimate?-No.
[co years. The telegraph alone cost 5 op, and will last
You examined the pipes immediately on Do you think that defendant could remove, arriving at Saigon? Yes. all the pipes without anybody's knowledge?- Two or thren, Chinese may have seen bim. Even if anybody had een him, they could not bava stopped him. He was the representative of the Master of the ship.
In the absence of thess pipas the ship was But unseaworthy ?---No,
After these pipes were removed, (you made several trips Yes,
So that you made these trips on a ship which was unseaworthy 7-No. I had her repaired the next day at Saigon.
I
At this stage of the proceedings, de- fendant intimated to bis ordship that he wished to ask Capt. Jenkins certain questions. His Lordship-You can put the questions through your solicitor,
Defendant-My Lord, Mr. Alo.ada has only received his lustractions yesterday and he koows nothing about the case,
His Lordship-You can't both isk questions. Mr. Almada-My Lord, if defendant wishes leave him to conduct the case and I'll retire. Defendant' was agreeable to the suggestion. and Mr. Almada withdraw from the case.
Defendant-You have been fire years on the
ship?
Capt. Jenkins-Five years.
You have always takon an interest in the ship? Yes,
17
CORRESPONDENCE.
AN ACKNOWLEDGMENT.
+
TO THE EDITOR Of the "llóngkono Telegrami." Dear Mr. Editor,Will you allow me through the medium of your paper to thank the friends who have so kindly responded to my request for help towards the $5,000.00 which I need for the High School at Kweilin Fu, the caplial city of the Kwangsi province. I have received the following some, since 'Sunday :-
A member of the Cathedral congregation spa”, m Special contributivas at the
C. M. A. meeting ............................. The Hoo, Sir Henry May... Anonymous assessing
$100.00
38.60 $50.00
150.00
#t
Do.
Mrs. Lyon sinua, anime,
Col. St. Joho, R.E...............
5,00 25.00 10,00 50,00
Mr. Cobon
Mrs. Murray Bain
· 10.00 5.00
5543.00
The Lord Bishop of Victoria bas expressed
Do you take intoxicating liquors ?—Yes. his willingness to receive any further contri- Mr. Harris-My Lord, this is quite irre'e-butions, and forward them to me.- am, Yours vant, I don't want to stop the defendant's
very truly, questions hat this is quite vonecessary,
His Lordship-I don't want to stop defend. ant. I don't know what he is leading to,
Defendant-You don't drink sufficiently to prevent you from knowing what is going on on
the ship?-No.
1
You've never been absent from the ship for a couriderable length of time? What do you mean?
You've never been abrant 74 hours ?-Some- times two or three days.
I've never kaows you to leave the ship for more than 12 hours at a stretch Haven't you?
While I was on the ship, you did not leave for more than 12 hours?—I did.
If you've been absent for more than twenty. March 29-Tonolulu reports following news four hours, what do you attribute your absence items-Lord Kitchener arrived here to-dayto-On some ship's business. from the Colonics. Washington, March 1916 When a Master of a ship leaves for several Justice David Brewer of the U.S. Supreme days at a stretch he generally informs the Const died at his bone bere yesterday, agent?—Yes, the Master might go ou bis own Masile, Mar. 19th-Spies caught sketching business,
Two Japanese were caught sketching fort. plans of fortifications on Corregidor Island.
March 30-Korea (1,750 miles off) reports 8 pm. Lat. 22.77 N., Ling, 16459 W. asel miles from Ban Francesco, cloudy, moderata S. E breeze, 20res (1926 miles of) reperis
sea and swell, March 31-Korca 8 p.m. Lat. 21.50 N., Long. 17611 W, 2,845 miles from San Francisco.
April 4.-C. P. R. Empress of Japan reports 6pm, Lat. 38.10 N., Loug. 145.30 E. Weather clear, sea smooth and no wind. Left Yokohama yesterday for Vancouver,
Have you a reliable memory ?--Yes. You have a pretty good memory?—Y61,. When you were at the Marine Court, you you about my cutting the pipes 1-Ver. told the President about soms sailors, telling
Was it on the 18th or the 19th ?
W. BANISTER, Bishop,
Kwangsi acd Huna
St. Paul's College,
Hongkong, April 20, 1910.
0
THE CHANTERBU. BANK, RÉPORT OF DIRECTORS FOR YEAR ENDED
DECEMBER 31,
The directors' report presented at the 6ty. sixth ordinary general meeling of the Chartered Bank of India, Australia and China oo March 30, says:
The directors have now to submit to the shareholders the balance sheet and profit and loss account of the bank for the year ended December 31 last.
out our religious riles and ceremonies, but also to our numerous brethren who make this Colony a halting ground, on their way from and to various parts of the world, affording them comfortable resort and shelter, and they are welcomed and cared for during their stay here, We would humbly mention your Sereng Highness the fact that through the lastruman- tality of many local gentlemen and firms in- cluding some of our commanity, and with the approval, and support of the Government, "a University is about to be founded' here on entirely Western ideas and with first class, professore and instructors, embracing all bran-, The foundation stone of ches of learning. this University has just been laid, and it is hoped that within two years the establishment will be completed and working. This will enable such members of our community, who are so desirous, of gaining, higher fearplug than what is obtainable from the various ex- collent schools and colleges. In the fumber. apce of the University Scheme, so far as affects our Indian brethreo, we did on the 27th March resolve to have cracted on the western side. of the Gurdwara (at the cost of from $5,000 to $6,000) a two storied building, to accommodate fudian students, and to carry out this resolution subscriptions were invited and the grouter portion of the requisite sum has been promised. The building will also con tain a library and quarters for a married priest
Wo agata thans Your Sorene Highness for thus graciously coming amongst us, and we with you every joy and happines", and may. you be spared for very many years oʻrale over your appreciative and loyal subjects. And for ther we trust you will accept the accompanying small gift as a token of our deep veneration and esteem of your noble personality and attainments.
His Highness tben rose and delivered a strik ing speech in Hindustani laying stress on the blessings of British rule in India. He pointed ant the need of fostering education and pro moting industry amongst the Indian people. His Highness said thas it bad given him much. pleasure to see and hear of the wall-being and prosperity of his compatriots in this British Colony. He expressed the desire of giving a helping hand to the Committee towards the proposed project for building a library for affording accommodation to the students who were expected from India and who would become graduates of the Hongkong University,
Mr. Manomed Akber, in reply, bagged *permission to read an Indian ode.com. posed by himself. That gentleman then read the composition.
After thanking His Highness and the. visitors (the majority of whom were mem- bers of the Police and Indian, military officers), the party were invited to partake of. light refreshment, the Bard discöursing music. meanwhile, MN
The temple was prettily decorated. The in- clement weather prevented a large number. of visitors from attending.
Amid cheers Wis Highness and party left for Budres Vilia to attend the reception bold at the invitation of Mr. A. M. Essshady..
BBAR ATTACKS SURFRYING PARTY.
These show a net profit, after providing for bad and doubtfal debts of £37,168 61,"4d.,
On the 18th ult, shortly before suntet, some inclusive of £134.178 os. 11d, brought forward, from the previous year. The interim dividend surveyors accompanied by labourers were at the 'rato of thirteen per cent. par.aODUM surveying a field at Uyenai in Esashi-gun, paid in October Inst absorbed. 78,000 Hokkaido, Wälle engaged in this work, says amount now available is therefore the Hakodate correspondant of the Japan The 4279.168 6 46' and the directors pro- Advertiser, a bear made its appearance from
cavo near by, and ambling threateningly to- pay a fioul dividend at the pase to rate of 15 per cent, per annum, mekingwards the party sprang upon one of the work- As this poist a long discussion arose as to the
fourleen per cent for the whole year; to add men who was is the act of running away. Ths. April 1-Korea (1,472 miles off) reports 8 date, at the, conclusion of which the witness
msat escaped with a lacerated arm, and p.m., Lat. 23.42 N., Lour: 177.35 W., 7,401 | stated that he was first informed about the £15,000 to the reserve fund, which will
then stand at £1,600,000; and to carry forward the bear was left victor, the Gald being the balance of £424,158 65, 40. The pro cleared of its human occupists in a, remark, miles from Yokohama, weather clear, moderate matlar on the 31st December.
A water closet was built five years ago Tốt E breez;, sea and swell, compliments-
the use of 1,200 men, women, and children?-priators will be pleased to learn that the bank's ably brief space of time, The incident came chatter has been renewed for a period of 30 to iba knowledge of some local Nimrods, Saunders.
Yes,
years from July 12, 1909 The director have and some days later: Biola was tracked to announce with regret the retirement of to his fair. One of the gallant hantårs their esteemed colleague, Mr. Henry Neville Jaking alm fired but there was some- Gladstone, and have to record their sea a of thing wrong with his quo. Unfortunately: It the great loss the bank has routained by the did not go off; that is, it, what off, but in a death of Mr. Emile Levin, who for 37 years rather integular way, the gas being, rusty and rendered valued service to the biok as the powder damps All these things, however, member of the board, Mr. William Henry only carved to surage Brain, who attacked, his Naville Goschen, of Messrs. Frühling and enemies The other hunter took the opport Goschen, has been elected a director, and theity, when the bear's sitantion was centred opon shareholders ́ave now layited to confirm. bis his companion, and fired his gang bat His Lordship (To Capt. Teoklos)~The pre-election, The Hight Hon Lord George weapon: top; was useless – The sest accommodation is amply adequate to suit Hamilton, G.C.3.1., she director who now parantly, now bad bath man at his the Board of Trade requirements Yes, retires by rotation, presents himself for re-elec in short time they were lying's the other had circumstances required Wire His Lordship (To the defendant-Have you tion. The auditors, Me Maxbus Mowat and lifeless and mangled on the ground en is still in its lofancy, but such practical any more questions to ask 3. What are to Mr. William Adolphus Browns 7.0.6, agelu sing mill.car,cared the vanquias damonstrations show how its already: Dalondraty Lord, I am quite unprepared, tender their services. The dirigend, free of to the nearest village, where bas
Wednesday, the 6th promote trenset but the other adds to the safety and comfort of the ocean. I andemtood the case to hara been adjourned Income tax will be payable on, and efter, dsama to, ka pa tha?
April 4-Karon report 8 pm, Lat, 26, 14,¡ N., Long, 163.40 E, 1,363 miles from Yoko hams, clear, gentle E.S.E. breeze, sex and swell compliments--Saunders
THOSE DOw ip Singaphie who were pretent at the great series of cricket matches played on the aplanade here when, at Christmas 1890, teams from Hongkong, Colombo and the Native States met at Singapore for a whole fortnight's play, will well recollect. the fite performances of T. Kelanit, the left-band Colomba bowler. It is coming on to twenty years since then, and yet T. Keldart seems to be in fast as foe form as ever be was, and to be as deadly with the ball against the best batarbat are to be found in Ceylon. A report of the match "Up Country . the Colts bas this reference to a remarkable display by that will thus be seen that Minnesota and Korea fails Excore in favour of Merlimau
veteran players arguand
were almost constantly in communication with SENAPATU INDRAGIRI'S GREAT PROMISE. log six of the seven wickets that, fell on each other or with other points, and that it There a question under consideration as to Saturday for 14 runs. His record for the would have been easy for either to approach whelber the Indragit company thould sell its match was 17 wickets for 59, a performance stais 10/2 London syedicate. The capilat of weich must rank with, the best bowing feats this company, which was formed last October, achieved by the famous left-hander Ka'aan is Sisdjood of which $100,000 has boen fargede, was beartily congratulated on kit success
Seven years profits (Merlimau La 13. §.
per £1 ofcapital... {Chembong 4
18
St
valent in sterling being £33,333 64 65
Kolaart again bowled in grest form, captor,
Simembers Kem Press, 1
Ap. 5.-Korea reports 8 pm, Lat. '18. 12' N., Long. 151-93 E., 1,015 miles out. Fine 'weather, BANGUNA
And the present accommodation is amply His Lordship-I don't see what that has in. adequate do with the present esse
Defendant-My Lord, Capt. Jenkins might wish to malotala that a cattain locker would have been required at some future date for the 'water closete
His Lordship What is your polat? Defendant-To show that the present accom modation is smply adequate.stea