FINANCIAL NEWS.
THE MONEY MARKET.
THE
ALLEGED FRAUD.
HONGKONG
At the Police Court, this aftor- noon, before Mr. J. R. Wood, Writing from London, on Feb:Tolico Magistrato, Lam Pak Leang. 9, Messrs. Samuel 'Montagu and" and Lam Wo wore brought up, Company stato:--
at the instance of Mr. G. M. Flot- The arrivals of bar gald amount-cher, Deputy Official Receiver, od to 1700,000, of which 10,000 charged with (1) that the said was utilized for India, and, after Iran Pak within two months of providing for the trade, the re-
anunsatisfied judgment, removed mainder will bọ taken by the Bank
a part of his property, io. a sum of England. This wook that hu-.! stitution has not found it neces stry to offer any inducement in the price to attract sellors.
The not influx during the week amounia to 1733,000; there was
no demand for India.
a
It may be remomborod that we stated in our annual letter that the porind of the Chinoso New Year. would be a critical one for silver. As the time approached the mar ket homme heavy and dull; hut similar inflocuco which no one could foresea, umru'y, the spread of the plague in Manchurin, lont Comphasis to our warning, and has already determine the crisis. It is, of course, difficult to judge to what extent business is, and is likely to b, affected by it, and, for that reason, though the calamity is an undoubted advorse factor in the market, the exact bearing it exerts on the price remains to bo
Beon.
THE PLAGUE AND SILVER. But its griovons clauraeter may be recognized at a glance by the following extract from the "St: Petersburg Bourko Gazette." It lifts the veil over one town alone, but takon in conjunétion with the increasing gravity of the news received daily from important contres of trade in the region ntiocted, cannot fail to attract the attention of those connected with silvor, as it does tho sympathy of the general reader-Chinese sobiters evo Surrounded the plague-stricken town of Fudzia- dian (Manchuria), and prevent ali ogress. Sume 3,800 dies have beon soaked in petroleum and binet. Hundreds are dying in
!
|
YACHTING.
TELEGRAPH
ROYAL HONGKONG YACHT CLUB.
On Saturday racos wore sailed by yachts of the handicap and one design classes for cups presented by lion. Mr. Henry Keswick, Com- which for some days had been un modore of the Club. The wonther, settled, was somewhat uninviting when the race started. A strong of $19,500 with intent to defraudearterly wind, with nasty squalls his creditors, the Yeo Shun and threatening rain, wore its Hun Kon (2) also that the said principal features, and it was Lam Pak knowing that a falso evident that the qualities of the dobt had been proved by the boats and their gear, as well as above mentioned Lam Woo, the capabilities of their helms under the bankruptcy of him, the men, were going to be well said Lam Pak, fuilod for a period ofone month to inform the trustees thereof.
tested.
:
i
WEDNESDAY
HONGKONG GENERAL CHAMBER OF COMMERCE.
ITS HISTORY OF STEADY ENDEAVOUR RELATED BY HON. MR. E, A. HEWETT
MARCH 15
Harbour dues, the lighting of the harbour, the opening of the West River, the establishment of a quarantino station, the aboli- tion of the system of allowing subsidized mail steamers, tho status of mon-of-war whon in har- bour, the old blockade of the port, The first thought that strikes the Government surroy of tho the roader of the Hoit, Mr. E. A. China const, economy in the ad- history of the Hongkong General the abandonment of the proposed Howolt's briof-turso, but graphicministration of the Colony, and Chamber of Commerce, just convention between the Chinese published, is: What would the Government and the Eastern Colony have done without that Tolograph Co., which it was folt body? It is a history of fifty would greatly increase the tele- years of steady, public-spirited graph rates, wore among some of and commonsense endeavour in the activities of, the Chamber the interests of our trade, and not down, to the year 1890. Con- only our trade, but foreign trade. spicuous in all its work was the absoluto determination to oppose a and influence in all parts of The course whe Stone-China; a history of unwavering wonk-kneed policy here, at home, cutor's Island (port), North opposition to the laissez faire or at Peking, and, as wo hope to Fairway buoy (port), and home. attitude of British officials, against show in a future artiole on this A fairly oven start was made be- the supineness and ignorance most interesting little book, that fore the wind and the run down of the home authorities and determination has not lossener required very careful steering against the retrogressive, and with the honourable years that When Stonecutters. Island was obstructive policy of Chinese have passed over the Chambor's cloured, and stils trimmed for the mandarindom. To the Chamber head." roach to the north fairway buoy, belongs the credit for almost every Dioue. Iris, Colleen, tolla and progressivo change in the life of Kathleen were close together with longkong front the year 1861, Ayosha, Ada, and Dorothon bring when it was founded, to the pro- (1) For that the said Taming up the rear. The beat up the sent day. Its history proves it to Waidod and abetted, the said Airbour was a strenuous one, the have been an unrelenting foo to Pak on different dates at squalls increasing in force and indiflorence in official circles, Victoria in romaving a portion of frequency as the boats made their whether here, at Peking or in the property of the said Lam, that way gastward, Off Tsin-tsa-laui Downing, street, and too much is to say the sum of $19,500, with tho Ada, sporting her largo jib credit cannot be given it for the intent to defraud the Yee Shan lion could not face the music and retir-way in which, by letters, potitions, Ken, creditors of the said Lam did the same, and the Irie, which has upheld the name of the ed herto moorings. The Dorothea and public pronouncements, it Pak.
(5). And also that the said Lampared to fall away in the Colony, vividly explained its Wo, at Victoris, being crodi- rough water, also gave up. The situation, and ameliorated its life tor in bankrupter wilfully and Kathleen, Colleen, Rolla, Ayesha, contest was. Thus left to Diouo, with intent to defrand made a Dios.olectol to keep near the false doclaration to the effect that Kowloon shore and lost ground the debtor, Tam Pak, was justly and truly indebted to him in the sum of $15,509.01.
L
(3) And also that the said Lam Pak, after a receiving ontor has con made against him, had not assets available for his unsecured creditors, and for the bankruptcy and administration, ammunting together in 25 per cent on the unsecured dels proved in the said bankruptey.
+
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The Weather Forecast.
VIVU STORMY
CHANGE
VERY DRY
FAIR
Forocast District. 1-Hongkong and Neighbour. hood, S. to E. winds, fresh; squally, some rain.
2.-Formosa Channel, N.E. winds, fresti.
3.-South Coast of China bo- tween Hongkong and Lamook, same as No. 1.-
4.-South coast of Chind bo- twoan Hongkong and lainan, game as No. 1.
Mrs. Jack (formerly of W. Carmarthenshire for England.
1911
To-day's Advertisements.
Theatre
Royal.
For Two Nights only.
HENRY DALLAS
presents, 'THE FOLLIES (by arrangement with H. G.. Pelissier, Esq.) from The Apollo Theatre, London.
TO-NIGHT, Mir. 15th, The Burlesque of "A Voice Trial."
*** Hamlet"
If
THURSDAY, Mar. 10th, The Last Night of the Season. with II. G. Pelissier's apologies to W. Shakespeare, Esq.
Plans at MOUTRIE & Co. Hongkong, 15th Mar., 1911. [950
FOR SHANGHAI, MOJI, KOBE
AND YOKOHAMA,
THE P. & 0, S. N. Co.'s Steamship "BORNEO,"
Captain W. 11. 8. Hall, willdoavu' fur tho alovu placas TO-MORROW, the 16 Marchi, at daylight.
For Freight or Passage, apply to
E.. A. HLWETT, Superintendent. Hongkong, 15th Mar., 1911,
THE
[4
Intimations
SOURED MILK
We are making speciality of Artificially Soured Milk this. summer. Try it.
Professor Metelinkoff, in a book on Bio Prolongation of Life, etmagly advocates tho nye of Soured Milk as a surg curo for 'ladigestion, Dyspepsin' and morbid conditions of the digastive organs..
The Dairy Farm Co.,
Limited.
POPULAR
ASAHI" BEER
RICES:
4.Dcs Quarts............. $ 2,07 per co
8 Dics. Piot..... $13,50.
Hoogkong, 6th December, 1910 [s
EASTERN- &. AUSTRALIAN STEAMSHIP CO
LIMITED.
Mail Service tɔ Austrália.
Steamers
Aldenham. Empire
St. Albans....
MAIL SCHEDULE
(SUBJECT TO MODIFICATION),
Arrivs Hongkong
from Australia
Į. Love liongkong
for. Australia.
Mar. 24. April 7.
April 5th, at Noon
April 20th at Noon.
May, 5.
May 27th, at Noon.
The above Steamers are fitted with Refrigorating Machinery, ensuring a plentiful supply of fee, Fresh Provisions, de, and are lighted throughout with
and Stewardess are carried,
is, it is too long for detailed non- Shortas Mr. Hewolt's "History" tion in those columus, but a siliort account of the activities of the by so doing. Sho however finish-Chamber during the fifty years of ed first. The Kathleen carried its existence will serve to show Mr. 11. L. Denny's, Snr., Crown away her jib halyards when off how inestimably valuable it has solicitor, proscented, and said the Oil Company's pier. Notwith-boan to Hengkong.
As early as 1862 the Chamber that as sufficient money had been ding this the race between paid over to the Official Receiver her and Colleen was most exciting. discussed the currency question, to satisfy the Official Reesicer, When approaching the finishing and two years later the establink and meet it fell all the creditors in Kathleen was leading by anont of a mint. From time to of the estate, the Chief Justice short distance, but Colleen time until the present day the had authorised the Official Re caught her up and passed some question has been discussed, coiver to withdraw all fortheter just as the gun firod. but it was in 1878 that the first proceelings. Comsel though i,
There was only one second be- resolution proposing the re right to, montion to his Worship tween them. Colleon this won establishment of a mint-the first that on the 17th January, 1911r, the cup, after a well sailed race, mint had been sold to the Japan- the Chief Justice authorised theso
! For the one-design class the osc-was duly carriod. Tlie Gor- tho fiolds, where the corpses aró proceedings against both the de- course was Trocas Rock buoy ernment however unfortunatoly Powell & Co.) loaves by tho 6.8. Eletricity. All State-Rooms have Electric Fons. A daly qualified Doctor
fendants, under section 2 of (port), north fairway buoy (port), not adopt the proposal and Ordinance 7 of 1891. At the and the boats again proved that what, as we now know, would have same time the Chief Justice told although they are somewhat wet proved a very profitable under- in a heavy sea they are good sea taking and a great boon to trade the Official Recvivor that it was not for him to formulate the boats, and male good time in the was thus lost to the Colony. At charges in any way, but that ho long beat back over the foul tide. this meeting it was stated that the should consult either the Alluring Haleyon and Ailsa were away mint was closed by Sir Richard General or the Crown, Solicitor, first, with Alannah close behind Macdonnell "in diametrical op- The charges liad boon framed by Trocas Rock buoy they kopt close, and Merchants of Hongkong," and the run and roach to position to the wishes of the Banks
together, Halcyon londing by that it was closed "by an orror of LATS in Nathna Road, Kowloon
F the fairway by the order was At the annual meeting in Fob.newly painted and
FOUR-ROOMED HOUSES colour-weshed lie same, but Alannah had fallon1880 the Chairman referred to throughout. Cheap Ront. hack a little. After rounding the the necessity in the interest of NEW and COMMODIOUS buoy the three stood over to Stone-shipping for removing the Woo-SHOPS, athan Road, Kowloon. cutters, and it was soon evident aung Bar at the entrance of the Isoediate posscasi in that Halcyon was better balanced Shanghai river a question which with her single reef, the others even now is not quito satisfactorily having two, and was able to point disposed of. higher. Alannahı, however, was
onton by dogs aud-birds,
Information was received somo. days back that the deaths in this town, averaged 150 a day, and, that the population had boon already reduced from 50,000 to 41,000. Owing to alus plague, sales of silver on China account have been made off and ever since
business was resumed after the
the lattor.
and an
Chinoso New Year. These sales The Official Receiver was pre-little more than a length. At judgment." had to be taken by a market far from robust, suffering from un- digestod stocks and from hapo deferred of any serious reduction in the Indian Currency silver “roservou-so that, asa consequence, prices commenced to fall hoavily. A ronetion took place after 23 7/8d. for cash was touched on
sont in Court, but he had been authorized to withdraw the charge, as the unsatisfied section of the creditors had leon satisfied, and sullicient money was forthcoming to suisfy all the other creditors.
His Worship then formally dis- charged the defendants.
the Gth instant, ripally CAPTAIN E, J. BULLER.sailing faster, and off Kowloon owing to 'boar' corering;
Point she was level with Haley
but something more than this" BODY RECOVERED IN JIAR-on, although under her lee,
was required to counteract the depressing influences at work, and tho 1/3d. recovered was lost tho following day. To-day the price for cash has fallen to 23 11/168.. the lowest price since the 18th of March last year,
EXPECTED.
BOUR AT CHINWANGTAO.
March 14, 1883, was memorablo The annual meeting hold on
the Chairman (The Hon. Mr. F. B. for the very able speech made by
Johnson) in which he pointed out the weak position hold by tho present unofficial members of the Legislative Council, who Ah being nominited by the
Ailsa meantine had fallen away to looyard and was out of it. One long leg from Stonecutters brought the leaders over to the
To-day's Advertisements.
TO LET.
Cheap Rental. Apply to
HUMPHREYS ESTATE & FINANCE Co., Ld. Hongkong, 16th Mar., 1911.
[968
NIPPON YUSEN KAISHA.
NOTICE TO CONSIGNEES.
FROM EUROPE, COLOMBO AND STRAITS.
Company's Steamship
#KAMO MARU,"
His many friends will hear with deep regret that no further hopo with the disappearance of Captain King's, and by keeping closer in Governor represented no one in can be eitertained in connectionIlongkong ashore, near Edward James Buller, of Messrs. out of the tide and in the particular. He urged the neces- Jardino Matheson's 8.8. On Sang. smoother water Halcyon went sity for representative members His dead body was recovered from abcad, oventually winning by being on the Council. He also Chinwangtao Harbour two days over two minutes. Bonito and gave a forecast of the neods, in
go
Daphne also started, but the coming years, of the Colony, Baving arrived from the above ports, The funeral of the unfortunate formor, was over the line too among other matters urging the Cansignees of Cargo are hereby inform gentleman took place yesterday in soon; and did not recross, pro-reclamation of the whole sea-fron-ed that their Goods are being landed the rectory at Shanlikuan,perly, so that she could not have tage of the city of Victoria so that an wel at their risk in the Hong- won anyhow, whilst the latter, inter alia a suitablo tram sorvico kong dud Kowloon Wharf and Godown carrying a whole nainsail, gave could be maintained....... up soon after the start.
Severe criticisms were passed Aftor tho race, the prizes, a on the administration of the late were presented by the Comino and reference was made to the handsome silver gup in each class, Governor (Sir J. P. Hennessey) dore, Hon. Mr. Koswick, who very misleading specoli recently received three hoarty chcors at the made by him at Nottingham, a close of the ceremony.
speech which the Chamber of Commcree in the interests of the Colony felt forced to reply to, in order to remove the erroneous im- pressions which such a spocoh, coming from such a source, must create in the minds of the people
at
UNEASY MARKET
Until the plaguo abites, or silver reaches a point well worthy of the attention of speculators, wo refer to a widespread morement and not that of already tired operators, or the China ex whither the body was brought change in forced so low that the from the Mining Company's port, Chinoso export tindò cannot avoid
It will bo rentenbored that fooling the stimulus, an uneasy.
Captain Buller was reported
his market must be expected. It is missing from possible that the plane world Chinvangtao about a fortnight have had a loss serious effect ago, and it was even then 00 silver if it
feared that he had fallon into tho hal not' broken out at a period other water when returning to his ship than that whon tho Soya bean in the dark. The frozon state of erop-grown in Manchuria the harbour precluded a thorough required handling and financing. search, and it was not until the ico Currency roturns received the disappeared that the body was tay after the date of our last let recovered. ter showed an increase of half a Captain Buller was in the em- eroro instead of a decroaso s ploy of Messrs. Jardino Matheson
Mmo. Louise Burnolt.-A sing-at Home. might reasonably have on ex for something like twenty-threeer is only as great as his honrors pected. The amount of India years, serving on various vessels think ho is Council bills offered for tondor of their extensive floot. He was next wook by the Secretary of a general favourite and a capable State has been reduced to 80 lacs. and trustworthy. officer. Deep Both Shanghai and Bombay show sympathy will be felt with his an increase in stocks the former widow in her sudden and tragic by the equivalent of 970 lars, the bereavement... latter by 600. A shipment of 180,000 has boon mado from San Dr. Holon A. Boylo. The Francisco to Jongkong, The failure to make life interesting quotations, to-day for cash and practically anywhere in the world two months are 5s. 8d. and 11s. in the worst nepuntion that can 10d. rospectively bolow those be brought against any system of quoted a week ago,
education,
WISDOM WHILE YOU WAIT.
takes a very clover man to make a profit out of good art.
Company's Godowns at Kowloon, where each consignment will be sorted out, mark by mark and delivery can be stained as soon as the Goole aro Jan 'al. unless instructions are given to the Option) goods will be carried on contrary lefors Noon, TO-DAY.
Goods not cleared by the 21st Mare, will be subject to rent.
No Fire Insurance has hamn cllected.
7 For further particulate, apply to
་
Gibb, Livingston & Co.,
Agents.
Tho
Ship of the Desert
is no less famous than
A Luxury
to
the Man of Tucio
The
JRLADE
THE
[067
Bouton Rouge
And
Felucca
EGYPTIAN ZIGARETTES
the two Pefect Brands made by Messrs. Maspero Fières
• in Cairo,
Connoissen know that Egils CRuletted is the' perasie most Fiestant and aroma is cr
In the wold, and the most bi mid In Egypt. where climalit Ludila alá e ate favourable ta
15 .cutor.
Sole Agents: Brilian-American Tobacca Co. Li Ilong Kara
-7.0.ĦALL & CO
BOAR'S HEAD BRAND
OF
ALE & STOUT;
"Boar's
Head
Brand of Guinness' Stout
Dansgiel packages must be left in the Is the best and the most
NIPPON YUSEN KAISUÄ, Hongkong, 14th Mar. 1911.
Godowns for examination by the Con- signo's and this Co.'s representatives at nu apjointed boar,' 'All clima soust On January 2, 1884, a special steamers arrival here, after which date bo prosented withly ten days of the meeting was held to elect a mem- they cannot be recognised, No claims Mr. R. Caltorson Smith.-It, her of the Chamber as their will be admitted after the goods have
representative on the Legislative left the Godowns. Council, Her Majesty, having on Mr. Cecil Sharp-Our pastimes the recommendation of the Gov- of to-day have produced a slouch ernor (Sir George Bowen) been ing gait; and the majority of pleased to grant this privilogo to young people have lost all senso the Chamber of Commerce. The of hosuty in their bearing. only namesubmitted to the meet- Mrs. Pennys provention ing was that of Mr. Jackson. (uest is better than cure, the scavonger, Sir Thomas Jackson, Bart.) who by cleaning our streets of poi- thus became the first representa.. sonous rubbish, plays a really tive of the Chambor on the Legis important part in society.
lative Council,
CLOUET CHAMPAGNE EXTRA DRY.
21 pints at $22.50.
FRENOIL STORE, ¤ Qubon's Road.
| Hongkong, 16th Maz, 1011,
popular on the Market.
Used by Naval, Military and Civil Hospitals.
Sole Agents:
H. PRICE & CO., LTD,
12, Queen's Road Contral, Hongkong,
"Hongkong, 9th Much, 1011,
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