PARIT GOVERNMENTIN PERING,
THE HONGKONG TELEGRAPH SATURDAY NOVEMBER 5 1910
CHINAS BINANCES.
|
THE VALUE OF CHINESE
Chida has never had pally Government fo At any moment since the Inauguration of
The opising of the winter ceision of the the western senso as such would be impossible the constitutional movement four years ago University of London King's College'wan mak- wlhoof, some fomni of electoral representation, the Basociat posities in China has beaned by a public lecture by the Rev. Professor The existence of parties in the site does not sufficiently unsatisfactory to to call for sealous G, Owen on the av lattos of Chinesa writing, imply party Govimmen. At one time there efforts on the part of the Government to deal. The a dram was delivered in the large then- wein two distinct parties struggling for power with the question. No such efforts have been tre. Sir J.-N. Jordan, who occupied the In Peking, indeed th's has often been the case made, and the embiratiment of the Imperial chair, said that it had long been a reproach, at the present moment. Under the late reign exchequer has increlerd and will contions to that London bad not oftred facilities for parties of Yain Shih-k'ai and of Chang Chik
increase with the page of time. Fiancial the study of Oriental linguages such as tung were for a long time is kien rivalry with reform, at a correspondent trenchantly remarks other capitals in Europe and provided. eath cther, and at an earlier dute the conserva- in a letter that we publish to-day, has entailed The establishment of a section for the study Ilves generally worn, at gript'wlib the progres- so far little more than the discovery of excusas of Chinese had done away with a part of that livin. At the present moment" there are ap' | for frash expenditure—a statement to which the tepronch. They were particularly fortune in "patailly two palice parties striving for supra-
unfortunate President of the Ministry of securing the services of Prbiassor Owen, whom macy, Ent puity Governmini, as understood Finance is likely to subscribe. Whateverbe had known for many year. He recalled In constrias with an electoral system fitly fully allowance may have to ba made for the th- with pleasure the many sermons he had heard developed, there has been none. It would almost reliability of na'iva reports, there can be little Dr. Owen preach in the mission-chipellà sem, however, that with the establishment of doubt that Zuko Tal Tie has found bis Yeking, and the faces of the congregation as, the National Assembly the beginnings of pany position at the haid of the Treasury so sine they grasped the points of the discosma“ Government as we conceive it have been made care, and the desire to malgo no often atsibuted (Cheers.) Formerly knowledge of the Chi The National Assembly cinzot be said to to him would be the natural corollary to bisnese language was not considered necessary hava bzen chosen.co a popular basis, and the despair of being able to carry out any adequate on the ground that the Chiese ware Jouraing gettine topressplatives of the people for It'ars rorm of China's fiskaces todor existing con- English. He did not share that view, "They "comparatively. ¡ew, consisting of the men apditions. Now he is stated to have declared were, he thought, baond to heap pace with the
· pointed by the vartips provincial assemblies to himself strong advocate of the early opening Chinees and to reciprocate The more they represent the different provinces. The provin of Parliament on the ground that it would be know of nich other's languages the better the cial assemblies themselves are act in any great a remedy for an exhausted exchequer. The afersinadlog was likely to ba, Nowadays it meitura popularly elected bodies, no that iķele report of Dako Teal Tio's, speech does not was quite common for citizuar, erco lo the nomletes can only claim to represent "the make birline of argument perfectly clear; but faterior of Chian, to be supplying them cives 'peopls by a very indirect method. "Just as the || it may be supposed that he looks.to Parilament | with waterworks and o.bor modern con- assemblies in the provinces bɔve taken very | to cry halt to the expending system of reforms ¦ voniuncer, and to put it at ibe very lowist a seriously their task of representing the people that takes no hord of the"financial side of | Knowledge of Chinese was beco ing's mir. so the so-called ropres „ntatives, of the people the question., A Parliament, be pro- kitable commodity in China. The contracts In the National Assembly are taking themesltably presumes, will tave more control over would ga'toʻthe nations that were bist fitted to ves very seriously, and this hat givan rise to the public purse and public affairs than the '| undertake them, and part of the necessary what will probably be regarded by the histor). National Assembly, and will thus be | equipment would undoubtedly be a knowladge ans of the future as the beginning of party able to decide at what point (he' dejirability of | of Chicere. < govemment. During the past wask our col reform oversleps the limit of fatible taxation, The Rev. Professor Owen pointed out that uma bave given lúdications that the National At present China leads a bábd-lo mónik ex- In 2900 .c. the Chinesa recorded eventi by Assembly has begun to have very marked istence fiancially and evin such an important|| kaota in longths of cord. As thèse did not divitloos to its views, and the dividing fina bai || measure as currency re'orm has been launched prova anduring, marks, recourse, was hid to come between the nominees of the various (on sound enough laen it is true) before pravi. notches in bamboo sticks and tables. Foro, Government Bards and Councils to Pekingsion has kaso made for the necessary fands again, it, wạn főund that the cuts did not last add the members from the provinces: Thus
and it occurred to an 'ancient Oblaese savant, - we bare two parties created, the Government
who had spent much time la observing the parly and the opposition, la consequence of
In view of this condition of things lean onlycin-marks of birds in mid and wet sand, to divergence of opinion between which two be a matter of time before the country reaches - tako such sigus mad the espresentations of panies Prince TuŊlun, the President of the a stage when aii admlulstation has to givu way animals, birds, and fishes to coavey words and Asembly, has found his task of controlling the to financid reorganizuion. The question that ideas. Such was the origin of pictorial waiting. Assembly-na-light one, and has therefore asked China should askberscifio-day is whether shaThe only-limit-to-this-process was the cumber for and obtained five day,' loaya of absence, will retain in her own hands the chief control of of pictograms Availabir. Iu ibis langaige a Ons telegram pui the matter very clearly: this reorganizition or will allow it to pass from tree represented "wood," two trees represented "As the repronnotatives of the Government bar and the reorganization to be carried through "a forest," and three trees, one pinced above were attacked by the other members of the over the Government's head. It is, we believe,two, conveyed the idea of "shady," The Assembly the formpe group, resenting this the opinion of every unprejudiced oblervor of pictograms representing boy and girl, when vaction, has united to take its reven,a on the Chinese affairs that the Péking authorities at combined wore latended to convey the idea of members elected by the people," Had this the present moment are intellectually incapa- everything,) In some cases, from one charac. been the House of Commons at Westminster, ble of gmppling satisfactorily with China's ter represanikeg one idea, as many as 300 or it would have been put more delicately but financial problem. Thefatricacies of modern moro variations were mids. It was to be .. it would have meant the same thing, tha Balioatl fiance bave never been fally grasped.gretted that all the ancient relics, many of the Government baving been severely crit by China's state men, and we are watching the priceless value, were preserved in the imperial cized by the opposition, had decided to bring application of the comparatively simple, princi- palaces, and in priva's families, and were not every force to bear to silence the opposition.les of local fiancial administration to the opes to inspection. There were no públic A vole of confi lence would have followed in empire as a whole with its complicated Interea-museums in China, which it could not possibly be said that "pondial obigations In other departments of wers for a party but all were, for the state Goverment by putty is a natural qutcome of democratic institutions, and there can be little greation that in the sentence,we have quoted wa hiya the bricoings of p zy 'poli Ica in Peking.
Tag line of demaren in bolween Gevers ment and.cpposition is this case is curiously similar to that which has obtained in other parlaments in the early days of their indo pradence
In our own parliament of the revaaleantă de jury the division between Government and opposition was frequently the same as that. between the Court pinty and the provincials, nyalists an' Parlis men. tarians they were doing the civil war, Jaco bites and fanoverians they became later. Bo it is in Pa lay. The Government forces are those who represent the Boards and the depart meats of State; the 0, positíos h made up of the slurly provincials, and it will probably be found as tima rolls on that t5 - lita now divid
ing there two parties w Il coincide in the main with the los dividing conservative, and pro- gressive.
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with which it is, to be carried into practical effect,
ย.
an
RUBBER INVESTMENT TRUST.
government the country.can possibly afford to allow reform to move slowly; the Treasury calls for immediate measures. A step in the
The secretaries of the Rubber Plantations right direction will have been taken with the
Investment Trust, Limited, have issued a lotraduction cf corteccy reform, and with this circular to the sbarchuldats which states as and in view a for her addition to China's follows:-Atimcoʻlog of the directors of the indebtedress will pass without challenge. Rubber Plantations Investment Trust, Limited, Ax a telegram informs to day, an
held on the seat inst, it was decided to inue edict has been drafted authorizing
297 500 shares of Li sich, pait of the remain- American loan of too millions sterling, ing sbarcs of the company; and it was forber of which a portion is to be devoted to, cur. decided to offer these shares to shareholders on Tency refarm. The obsticles to be encounter- the register of the company on the ist ins ed ingjutroducing a new currency are import whose registered addresses ate la the United aut compared with thots that Gwalt the rear-Kingdom and on the Conticist of Europe, is ganization of provincial and Imperial founce.the proportion of 52 25 now shares for every But the latter should not have to wait until the 102 old shares, which is, approximately, one successful completion of the former, and it is now share for every two shares now held. the duty of reking statesmen to realicsthat the greater reform, which cannot be delayed with--| out pr.judice to the country, calls for higher powers thin they themselves possess.
A perinat contribution to this subject of the reorganization of China's fiances-in which must be included the relationship between the provinces and Central Government - Is "made by
COMMERCIAL.
5th November, I p.m.
by whis, are supplied by Massrs. E. S. Kadoors. The following quotations for rubber sharey & Co.
Anglo-Javas
Balgowels Bata Tigas
Bastamsiai
TIL 70 24/3
92/0.
Bukit Kajangs (pp.) manim.40)-// Carey Unitedesi....................................!7/6 prom Castlefolds wäike-7,6 Changkat Serdang$8) Cheras (part paid).......................................85 prem. Do (fully pald)...mcm mm $.8 Damansaras
10/ r/6 pram.
Eastern Internationals Glenealys..$1 Highlands and Lowlands (..........105/ Indragiria zovem.514) Kamunings .....................§¡§ prem, Kuala Lumpons 100/- Lausdrons (fully pald), *** Lanadions (ppd.) Ledburys.................21-5236316 Linggis ...............192901200220 London Asiatic.ne London VentureBzio mexani
85/6 12/6: 10%
Pajam$12†.
. Pegoan mimarron$33 Rubber Trusissevaineness18/« preos SAPERS commissietumosím pokā70)- Sandycrofts $254 Sapongs up somad4/" Seafields........... 130/-
·Skelfords ...at strains? 5/!- Slagapore & Johore..........................$iał) Sumatra Para 10. Sangel Choksáriotism95)•.. Sunge! Kapanı22101000109814];
··Tangkaks roomrayon 30/ Toerangia.........................5/- prem. Ualted Serdang rape: 101,6 Valied Slugapore St.35 United Sumatras mononumm☎[- United Langkats
“DUBY
31/9.
Tropoks ............ ......... Para Rubber en
...6ja per lb. Mubesas, Jaterim div. of 2/. has been de, clared.
* WEEKLY SHARE RBPORT. *Reviewing the share business for the week, inst. A small buslaces has been done during Mesars. E. S. Kadourie & Co. write on 4th the week in local stocks, but no material chas Langkate, which have experienced a sharp rise ges le prices bas to be recorded except in
Today's Advertisement.
NOTICE TO CONSIGNERS
FROM SHANGHAI, KOBE, AND MOJI, THE
IIE Samship
*ARRATUON APCAR",
having anired from the above Ports, Consignees of Cargo are hereby informed that theif Goods will be delivered from alongside. -
Cargo impeding the discharge will be landed at Consignees risk "and,axpense into the kazardous and/or extra hazardous godawan of the Hongkong and Kowloon Whart and Go [down Co, Limited.
No Fire Insurance kar bean öffected, Bills of Lading will be countersigned by
"DAVID SASSOON & CO. LIMITED,
Agents.
Hongkong, th November, 1910.
18E SLUMP IN RUBBER,
·T694
Tace the Fall Mall Ganetta In a recent isano-The slump in rubber shares continues, and it is arident that the trouble in the East, where in so many centres cvar-speculation has been the rule, is having an posatifactory
fluence. The withdrawal of advances by the banks' is lading to forced sales, At home speculators find themselves equally unfor tunately placed, and the many gamblers for. special saitiement have become 'a mubaoca to the market, for being vasble to pay their calis without sellog, and foding so many of the shares in the latter-day rubber companies un- saleable, doy have had to self the bouer class shares or good securities elsewhere. This Tendency-all continues. And manantima tah bar continues to fall, theirado outlook in less confident, and thoro is the certainty of rapidly increasing production, Add to these the four of labour difficulties and an iandequate supply |of trated supervisors, and there is little reason for surprise that the markes is gloomy, Thure 14 unvor UDĮ satisfaction in using the “wa told you so" argument, but there have been waiZI – |lage: auough in those celumas, when warn- | iDgs were very unpopular, Tas trouble le that
declino, as may bo ga'hind from the fict that some of the pessimists aṣe talking rubber down lo sa par ib. Until the special settlement ? gamblors' commitments have been fsanced or taken over, it is not easy to talk of any recovery. The hose was certainly turned on in the market with a veɔgannaɔ) yesterday, Eastora Bank's selling to cover their loană, shares from the East coming forward fast, the open and hid not takes his profits, and so was death of a member who had a good account badly tell-all these infirences combined to put the price down.
44
in the Notch from Tit. 950 to Tis, 1,175 on the .|| AT a sale of postage stamps, by: Mamra, news of a fresh strike of oil which should ma- Glangining, London, on 4th lost, a Hong. terially improve the position of the Company,
kong, 450371, 95 cents 'oliva brown, mint, fatched £13
Rubbers remale lifeless. London come steady with Planation Rabbir quoted at Shți, Singapore has shown slight weakonts and there has been hardly any business in dollar stocks.
Packs Hongk.ng and 'banghai Bankı have been done at $880, and clse at buyen at that rate. Ths'price in Londos remalne st £86) of Nationals can be placed at 58.....
Marine Insurances-Very few shares have changed bands. Crotons are in demand at $175 and Dnions have sellers at $840 to a small exion), Yangisæer might still be had at 5.95 and transactions in North Chìmas are reported at Tis, 110.
Fire insurances have been in file demand.
-
Intima
CHEESE I
CHERSE! OHOICE
CANADIAN STILTON 60 cents per lb.
THE DAIRY FARM CO.,
ASAHI
ASAHI
ASAHI
and
SAPPORO
LIMITED,
SAPPORO
SAPPORO
BEER.
AWARDED
GOLD MEDAL
AT
ANGLOJAPANESE EXHIBITION.
PRICES:
4 Dox. Quarts.
8 Das, Plats
...S:100 par caM rakstijo in
07.ALL
WINE E
MERCHANTs
PO SING.
JEWELLER AND SILVERSMITH, NO. 1, POTTINORR STREET,
CA
CANTONESE SILVER WORK of every descriptias done, butt, Moderate
Prices,
Xmas and New Year Prasanta la grant. vanely and at apsclal' rates, suitable to all tastes and purses.
Fongkong, and November, 1910,
168
HARMSTNOS GRAND CIRCUS
LOCATION: CAUSEWAY BAY.
TO-NIGHT! TO-NIGHTI OUR FIRST GRAND CHANGE OF PROGRAMME. More Changes from our Extensive Repertoirs.
FIRST
APPEARANCE IN KONGKONG 'OF
THE DONATOS",
AND ALSO
THE KOLTER BROTHERS.
AND OUR ALL STAR COMPANY OF LONDON AND CONTINENTAL ARTISTES NB-Special Performance TO-MORBOW EVENING, at 9 p.m. N.B.-Special Trams will run before and after the Performance
PRICES OF ADMISSION.
· Fall Box 6 Chairs ... 1000 m............$1503 Singi: Seat (Box) ...
EDENLE (6) OMULON C... 3.00 Ohau da zedekkilainendiam. 200
Gallery (Nativas only), **** Soldiers and Sailors in Velform Halfprice to the Și and $a sexts.
BOOKING AT ROBINSON PIANO CO.
· MADAME HARMSTON·LOVE, “Proprietress. OOL BOB LOVE, Manager.
R. ALTON,
W. H. BROWN,
Agents
1657
Chinese Englocating and Mining Co, abares Mining-Raabs are out of favour at $54. bave been done at Tls. 16. The Company hit issued is Report and Balance Sheet for yea ending a8th February, 19:0, showing a met profit of £ 02.010 which the Disodors propois to appropriate as follows: Retro 30,000, DRY IMPERIAL CHAMPAGNE real diy dead of 1/6 por share fren of tax 475000 (making 15 par cant, for the year), Directors' percentage on profito £7,058, locomo tax 19,910, and balance. forward' £5,022. Ticaohs come, unchanged from London at
MOET and CHANDON'S
A
Fractions of shares wi-I ba Ignored. Thras shztes will be ltr.ed at a premium of 15a, par China Fires might be placed at £116, and share, with a payment of tos, per abste on Hong.ong Fires are wanted at $3;0, capital account, payable as fallowa—Do xp-
Shipping-Hongkong, Canton and CE plication, 5 per share on account of premium. Steamboats are slightly femer and baziness lo On allotment, tor, par share on account of pre-reported at $117). China Manilame on offer miam. On or before November 15, 101, per at $9 lo small parcels, Douglas Steamships share op account of cap til, and the balance of hava sellers at St. Indos d'an be obtained at A remark attributed to Prince Ching when
Old China Hand" in our columes to- 101, per share as and when called up. The $58, Star Ferries show some strength at £13 he was consulted by Princa Pa Lon as to the day. He refers to the close connexion be present issue will raak for dividend on the ros. for the fully paid and $12 for the new shares. best comes to adopt onder.ther difficult cir tween the Boxer Indemnity and liklo, and pro- par baie pid-up on capital account, as from
Shall come 81/. bayeri from London. cumstances is significant of the spirit that is poses that the former should be voluntarily October. The directors have made arrange.
Rednerics-China Sugars remalo on offer st manilesting itself. Prioca Pa Lux wished to | cancelled by the countries concerned in ex-
ments for the underwriting of this issue at 20
$145, Lurons, after advancing to $24, are now know whether it would be who to resign, thange for the abolition of likin by the Chi-d per share, with su over slding commission quod nominal at $13, Prince Ching advited biin not to do so, but to DESS overnment. Likle, our correspondent of 31. per share. The first issue was 30,00 disregard the vapourings of the provincials fz, points out, selaras a "miserable pissance" to shares, of which 50,000 were issued fully said he, "The commoners are always too the Geverament, but it binders effectually the frid. I rinca Chiog may be a bideb.oad development of China's domestic trade. The Aristocrat and a stera asbending Tory, but he potentialities of the laiter armandimius, and it has and history to some purpɔia when he is is urged that the abolition of likin would speedily capìb'e of such a generalization. The com.
make good through the expansion of trade the ment in ladicative of the fact that in hlab quarters in Poting the cleavage into direct lots caused by the semission of the patties la already more or lest anticipated Boxx Indemolly. Our corespondent himself not recognized as having begun. The division dy cesthe first objection that must be raised of the human race into consivatives and to any such scheme la Chioa-the difficul- progressives is ponibly fondamonial, and is pobably the and essential fac: to be consider
tr of cb'aining guarantees that the abolition ed in the interpretation of human history, so of likin would in reality be carried into effect, that we are not at all surprised to find it make Of the good faith of the Central Government jog itself felt in Fering, but there are forces at in making a covenant of this mainis there work which will in all. probability sana make would be zo question;ika uncertainty would the differencen bitween the two part'an no long er to be ignored. In the Cout sell this day. relate to a physical ability to secure the fal61. Isles is known to exist and it will eventually ment of its orders in the provinces. As in the bavi a direct influence on affairs. At pretent case of opium probiblion the local officials the Court is compilled almost to present ac undivided front to the world. Court privileges and as at present consitated the Administra introduco st once an element of auralizbility, and the time-honoured pre-eminence of the office-holder will for scine time to come blad tion of China ofiste no machinery for the all The "havas" into top party whilst the "have: unifs m execution of the Government's wishes. note will combinnagai ist them, but with the !! China could approach the subject of Bsaucial break-up of the Ariembly and the leadgarz reforms play from the point of view of the tion of a bicameral parliament, as provid. interests of the Empire, the whole system of ed in the origiant: Edict Lf war su reorganisation would at once be placed in In which the plan of enpresentative Govira foreign hands. With concrete evidence before ment, was Isid cut the Upper House, tham that the task had been undertaken with cari laxits own privileges, will not for some project of success balzg, achifred, the Itself compelled to prevent wa” undivided | Powers concerned might wall consider a re- front site prospective members do now, mission of the Boxer Indemnity in exchange and we may expect the farm zilon of a Regent's for the abolition of Ilkin. The resultaat bentôt party of progressivas and an Empresa Dowagu's to Chins would be two-fold she would be party of conservatives" With whom will in the feed from a serious annual deals on her TEL POWER FEM onto Es seen, bat in the Lower esources and at the same time would remova. Hasis, in spite of be exercise of all possible the chiaf bindrance to an adequate expansion 'contral of the elections, present indications are of her domis;le trade without foreigo'supar thaithe progressiveglament wilibsthe stronger vision, however, ihre einld be no guarantee TA10/14 Paking as in Westminster he is that financial reorganixion was beleg under- ntrol of the pas 2nd how neat inkan Leriosily or bat likin had been actually Ky bi" | Kballshed Chir Hohe be wise, will engern such supervision aliker awd fepawillgrahar
Continuates of what our car
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is undoubtedly The Wine for Connoisseurs. As supplied to
paid, and upon the remaining 253,020 102. per share is now paid; on February 2B last a for ther 202,560 shates, 108. paid, were issued at a premism of £t per share; there have also been allotted up to date, in respect of options ex- arcised, 121,476 shares, sos, pald, so that the total number of shares at present issued is 6:3.976, there are 28,524 shares remaining to be allotted in respect of opilons. Having re gard to the position of the Rubber Share Mar. ket, the options held by the Trust and the pro- 31/6, parties under its control, the board has decided || 1'ocke, Wharves, and Godowan-Hongkarg that it will be la the best interests of its share- and Whampoa Docks would find buyers at holders to offer the remainder of the shares. $48. Shaugh i Docks coma Tis. 714 sellers Dow, in order to forther strengthen the bands frim the North, Hongkong & Kowloon of the board to deal with future developments, Whares have sill further appreciated unda The properties acquired by the Trust and now large buticem bai bisa dɔne at 1171.. Hong, cheaply purchased, and they should show rapid Lada, Hotels and Balldings-Hongkong bilog developed were carefully Kelected and kaw Wharros era qusied Tis zoo sellers, dis
appreciation in value. Even in the present Lands are in some demand at 3:8 after sales depresed stats of the Rabbie, Share Sturke, at that rate and all over. Humphreys would and to the leading Presidential Banquets in the book cost of the shares held by the Trust probably be taken in amall quadiities at Sy. | shows a large margin of profit. In forwarding Kowloon Lands ramath cositored at $33 bura both the United States and Franco, for a num- this directors desire to relter at their confiance bees done at Tia. 119. Hougkong Hotels have ber of years. this circular to the shareholders of the Trast with no business, Ebangbal Lands have again in well-selected and well-managed rubbar fatlari at $97 for old shares j some business plantations in the Middle East sound and has been done at $70 in the partly paid? Wait profitable investment, even though the prijs of robber should fall to half its present figure.
Points continue unchanged at $19.
Events Coming.
Seng Suurday, 5th Norimbar,"
Camping, Hongkong Vajestasr Carpi, Customs Pas
Football Matche), - Cricket Marchos,
Opening son of Royal Hos Clab/Vy
Boxing at the City Ha
His Late Majesty King EDWARD VIL
The Emperor of GERMANY,
The Czar of RUSSIA,
Secretaries of Clubs, Lodges, Dance Parties,
Chou remala Dinners &c., are invited to write or call for
....... Coulon Mille-Eros; still racedó" and are quoted Tis. 93.sellars, #Taisson, Diher Norhytm Mills are unchanged.
Forglong Cottons are in request at $31ading
Mice Hansons Chima Botmees a small our Special Prices for these fanotions, &o.
"sala reported at 59, and Okish Providents Lava buen donn af 52.00) Dairy Farma AFD-DA,HE $171. Gream Inlands have changed hands a low at 3) but close rather battar with-zales at Avis Hourlong Electrics et uĵbrobialand st -São All China Lalghts hit prata. Wilsona mula b
H. PRICE & CO. LTD.
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