THE HONG KONG TELEGRAPH.
FIRST EXTRA
HONGKONG FINANCES. 6um of $251,048, whereas a de-
Interesting Report Lald Before
the Council,
The following report on the finances of the Colony for the year 1914, was laid before the Legislative Council" this after
Revenuc
The total revenue for the rear mame to $11,007,273 being $1,51313 of the excuate and $2.404.984 more than the revenue in 1913. Com- pared with that year those were in- crosses under the heads Licences, Feos of Court, Railway, on Rent of Government Property.
2. The pricoipal sub heads showing an increase over the estioiate are as follows:-
ficit of 4842,896 was anticipated; with the result that the credit bilacce of $2,639,420 at the end of 1913 was increased to $2,910,- 474 at end of 1914.
8. The following statement shows the Liabilities and Assets on the 31st December, 1914-
"Liabilities. Depositsnot Avatin-
ble over Service
Agenta! Crown"
Advances Crown
Agente' Drafte Postal Agencies in
China Overdraft, Bank
Tuta! Labilities
HONGKONG, THURSDAY, APRIL 22, 1915,
TO-DAY'S
LATEST WAR TELEGRAMS,
Fight for an important Polat
April 21, 10.15 p.m." The Press Bureau states that the enemy is still making violent and continual ccanter-attacks on hill No. 60. Between six and nine o'clock yesterday evening, two heavy infantry attacke were repulsed
with great loss to the enemy.
The hill was heavily shelled all night and several further attacks have been repulsed:
Air Raid on Ghent,
UNIVERSITY OF HONGKONG.
Interesting Series of Lectures.
$258,995,88 1,855.75
678,000.71
571,428.57
The first is a series of four April 21, 10.15 p.m. lectures, every Friday a15.30 p.m., 8,745,43 A bold and successful attack has been made on the airship beginning on April 30th, subject 1,008,755.63 harbour shed at Ghent. The damage must have been considerable. English Phonetics," by Pro-
Russian Torpedo Boats Active."
fessor J. D. Wright. 2,588,687,95
April, 21 9.30 p.m. On Wednesday, the 28th April, Balance
2,010,473 97 Houter's Petrograd correspondent anys that Basasian torpedo and the two Wednesdays follow
beats, cruising along the Anatolian coast on Monday, sank tea Taring, Professor W. J. Binton will Total
$5,407.161.02
deliver a lecture on Chinese Car- kish vessels loaded with munitions.
They then bombarded Turkish positions at Arkhave, causing a rency,aleo at 5.30.p.m. The first Subsidiary Coins,... $980,883 08.
lecture will be on "Some General 126,352.37 panic.
Mr. Asquith at Elswick.
Principles of Currency," the 118,338.64
second "Chinese Currency as it is to-day" and the third. "Some 3,932,033 98
proposals for Reform.". 321,000.99
7,984 86
Total,... $5.497,161.02
Assets.
(a.). A mossed Taxes, $104,197
(b. Land Sales,
15,180
(c.) Led Lunde;
10010
(d) Forfeitures,
37,181
Advances,... ››
(e) Sunday Vargo Work-
lug Permits,
11,05
Imprest,......... Railway Construc-
(1) Cults
..
11piva
(8) Passension Fros,
12 576
(b.) Water Exuvio Sup-
ply,
Unallocate Stores, Crown Agents' Cur- roat Account,...
20,440 (1.) Úpium Monopoly, 1,188,300
(j) Markets,
12,508
(k.) Widowa and Orp- hans' Pension Con- (ribations,
13,865 Besides the above a bill against the British Post Offices in Chias on a count of 1910 and anunt ing to $12,440 was settled last
year.
The increase under (d) is dus to admerous arme and caine cases and under (1) t adoptio i of direct Government control, While the remainder with the
exception of (g) which is a new item may be taken us generally due to the growth of the Colony. 3. Tas principal doorcasos
were t
(a.) Liquor uties,
(b.) Stamp Daups,
(6.) Medical Exinination
of Emigrants,
(d.) Conservancy
Qun.
$58,044 80,172
44,528
28,712 (e) Puat Ulice,
11573 Ul tuose (a) was probably over estimated, (b) is partly dus to the War, while (v) Eniigration to the Susite was stopped in Auguss, (d) the fees due under the on- tracts were reduced, and (e) was no doubt due to depression of träde on Bocjant of the War,
Expenditure.
4. The 401 expendituro amounted to $10,756,224, being $160,388 over the estimate, and $2,096,211 more than the ex- penalture in 1913. Compared with the estimates thera wera decreases under 14 heads as aguina 10 heads where there were increases. The excees, amount ing to $688,003, under Macvelourous Sirvived, largely due to loss on subsidiary Bute, di wulch 5,000,000 waith. we 8 sent bune for sale as bullion. Maithy Exponunare exceeded the esumite un account of the War by 122,070, aud an exceBS of 80,100 ander Public Works Lecurent le largely accounted for by increased, in respect of the Voles Waterwirka: Maintenance Ony and Hill Distriets, M incen ance of Loads and Bridges in the Uity, and Maintenance of Build loge. There was a decredse under Tyhoon Damages.
0. The following table table shows the revenue and expendi. tare during the last five years:
Itovenué. -1010; $8,060,809; 1911, $7.497,231; 1912, $8.180, 694; 4013, $8,512,308.84; 1914,
11, 007,273.09.
Fxpenditure,-1910, $6,807, 113; 1911, $7;077.177; 1912, 7,202,543; 1013, $8,658,012 93, 1914, $10,756,224 82.
Surplua.-1910,
$53.766; 1911, $420,054; 1912, 8078 151; 1913, -; 1914, $251,048.27
Deficit,....... —¡~;~; 1913;145,- 704 09:
Public D'obt.
10. The Inscribed Stock Loins of 1893 and 1906 amount to £1,485,732 and the contributions to the Sinking Fund with accru- ed interest total: $186,294 being £22,100 more than the amount at credit of that fand at the end of 1913. The market value of the fande investments on the 31st December was unascertainable as no report of prices has reached this Department.
April 21, 9.30 a.m. Mr. Asquith visited Elewick and witnessed all the processes ia the manufacture of shells, gone, armour-plate and gun-carrete, and also saw a number of new shops (ships?) equipped.
Russain Successes In the Carpathians.
April 21, 7.25 p.m. A Petrograd communique states. The enemy made abortive attacks in the Carpathiane. Their offeneive against Polen Hill being particularly stubborn. The enemy losses were very great. Of the first batch of prisoners captured there, a number of 500 has been registered.
French Progress in Alsace.
(Havas Telegram,) ·
April 20..
French stock now stands at 72,25. Yesterday we progressed in Alence, the enemy hurriedly eva. cuating Exelbrucke.
To-day artillery actions took place on all froute and at Soissons and in the Argonne.
M. Garros, the famons avaitor, was obliged, while following a mono-plane, to land within the Garman lines in Flanders, and has been taken prisoner.
M. Gaillain er-minister for the Colonies has died.
Two Turkish Cruisers Sunk.
The official statement issued at Petrograd aaya-We captared on April 18, east of Telepetsch an Austrian battalion.
We took in the Polen region 1,155 prisoners including 20 officers and six machine guns.
:
Two Tarkish cruisera coming in contact with mines have been sunk in the Black Sea.
1
M. Venez los, the Grecian ex-Premier has arrived at Alexandria, where he received a hearty welcome and a sympathetic demonstra- ton. The Sultan's brother was waiting to receive him on the quay and also a delegation from the British and French community.
Of the loan of £1,100,000 to the late Viceroy of Wuchang £971,030,000 all in 10 cent pieces were Quias of the face value of $5,- 520 have been repaid and ad-ans to England daring the year Tapced to Railway Construction fer purpose of demonetisation, Account (the arrears on account of 1014 hevo since been received). 15. The limits between which Kowloon-Canton Railway. the rates of discount ranged 11. The expenditure on Rail- | were ;* way Construction amounted at oent-
50
"
"
per
2
»
191
19%
13
141
par to. 11
per
the end of the year to $14,695, pieces. It cont. to 131 cent. 680, that during the year being 20 $574,429, chiefly in connection 10 with the erection of a terminal 5: aa'ion. The funds for this ex-Copper penditure have been obtained by GLO advanos of €971,520 from the Wachaug Loan, by advances from the Crown Agente in the sum of £10,404 and by advances from general accrunt.
General Remarks.
TELEGRAMS.
RAGING.
CITY AND SUBURBAN :
RESULT.
April 21, 4.20 p.m. The following is the City and the Suburban result, and betting:
Black Jester, 11 to 4 1. Diadumeenos 100 to 7, 2. Dan Bussel 100 to 9, 3, There were fourteen starters, On the 1st March, Ordinance the first winning by three quarters No.: 15 of 1913 prohibiting the of a length ahead separating circalation of foreign silver and second and third. nickel coins came into force and baa effected the disappearance of loreign coins from circulation
12. The only alteration of im-though owing to business depree- pariance during 1014 in the sign and the War no permanent revenus system was the abolition result has yet appeared in the of the Opium Farm, enbstituted way of decreasing the discount on
by direct Government control. the Colony's currency.
13. The total receipts and pay
HARBOUR OFFENCES.
P. C. Uhas, Aitkencharged the master of the steam launch Tak Hing, before Commander Basil Taylour, R. N.," at the marine Court, with unlawfully failing to
wera dismissed.
CONTEMPORARY: OPINION.
THE SINKING OF THE.
FRYE.
1" DAILY NEWS AND LEADER""!
The following lenderette in from the Daily News and Leader of March 12.-
:.
THE FREIGHT MARKET.
Rates Reach an Unprecedented Level.
Messre, Snowman & Co., in their freight circular, date April 17, state-
to
There will be two series of lectures delivered in this Summer Term at the University which the public are invited to attend with out fee. They are intended, in
Since issue of our last report the first place, for students of the University, but any who are The sinking of the American dated 3rd of April, chartering interested in the subjects will be ship William P. Frye by the Gar throughout the fortnight was welcomed and seats will be man cruiser Eitel Friedrich has much restricted owing to the specially set apart for them. created not unnaturally a pro- extreme acaroity of tonnage for found impression in America. The prompt as well as forward loading, captain asserts that he carried and rates have again scared up- nothing but wheat, and that hewards on the renewed enquiry explained to the German officer for pressing tonnage requirements who boarded the Frye that the ship from Saigon to this and also for was American and carried only the Philippines. Charterers have this cargo. Notwithstanding this, beon compelled concede the Extel Friedrich sank bor after further considerable rison and removing her crew, declaring, it rates have now renched an unpre- is alleged, that she was "carrying cedented level. Hongay Penang contraband to the enemy." Uorn, has seen a fixture, lado Obina despite German statements to the 3,000 tonner, at $7 per ton, free contrary, has never been recog-loading, the vessel at the same nieed by us as contraband of war, time being placed for the return and the sinking of a Dutch corn voyage from Bangkok to Hong- ship ander similar circumstan- kong at $80,000 lumpsum, fres ces was specifically oited by Sir discharging, thus earning a total Edward Grey in one of his Notes freight of $51,000, for the round to America as an instance of trip of about 45 days, Germany's impudent disregard It does not look as if rates will of international law. The loss of eage for some time; on the con- an American ship will naturally trary, after the Newchwang season touch the Washington Govern- has set in and in addition to the ment much more nearly, especial, present trades, Java will also Tona 254ly as the hall of the Frye appears require a good deal of tonnage se to have been insured with the the season advances, the freight American Government itself. market should farther improve in President Wilson has announced the South sa long as rates up that a stringent inquiry will be North also keep firm, held into all the circumstances, and the presence of the Eitel Friedrich, seemingly badly out of repair, in an American herbaur will make it relatively easy. Till this inquiry has been held, it is not necessary to specolate on the probable results of the incident on German-American relations, But under any circumstances it can scarcely improve them.
LANGKAT OUTPUT.
Mesare. Wright and Hornby advise us that the Langkat output for the current month is se follows:-
April 1
239
242
233
273 258
238
241
269
273 270 238
269. 311
10
11
A
12
13
14
15
208
16
.295
17
*280
18
39
247
19
19
20
21
282 200
298
Total to 21th inst. 5,567
Daily average 265,09
THE BRIBERY CASE.
A Question of a Signature,
*
The case of alleged bribery, in regard to the military coal sup plies, was mentioned to Mr. Wood, et the Police Court, this morning, afte
PRACTICAL
ADVERTISING
A Useful and Informative Publication.
:
The North reports that trade on the Coast is now in full swing and rates have improved all round. There are numerous orders for trip-charters in various directions, but there is little or no "loose tonnage seeking employment, even Japanese tonnage being conspicuous by its absence.
Saigon/dongkong : — Saigon reports that considerable Con- irante have been entered upon for Hongkong account, the demand from other quarters proving trifle. Early in the fortnight the local" rice market considerably improv ed, but chartering was again much handicapped by the scarcity of tonnage. Ownere în conse Maasra, Mather and Orowther, quence have been able to force. the well-knownadvertising agents the rate up hem 35 to 36 cents are to be congratulated on their for large o rriers of 100,000 pioula attractive book "Practica! Adverloading capacity and from 38 to tising," a copy of which has come 50 cents per pioul for small sized to band. -Now-a-days, when ad vessels. At the close the local vertising is becoming so high an rice market has slightly declined, art, and when it has become of nevertheless there is farther such great pance to the enquiry for medium sized vessels. basiness man, it is useful to know Rice exports from Saigon from that one enterprising firm has 1st January to 22nd March compiled a biok which gives amount to 160,602 tons 38 com-. details of the various publications pared with 228,185 tons during
Mr. Grist, on behalf of the dain all parts of the Empire with same period last year.
information as to their circalation Saigon Philippines: Owing to fendant, asked, supposing there was some controversy about the and standard advertising rates, pressing demand for a prompt, signature on the document, and well worth having, but there locally on basis of 30,000 picata his Worodip was of the opinion it was a forgery would his Wor is an important section of at 66 cents for 2 ports discharge, the book dealing with the adver- almost immediately after thes tising system of Messrs. Mather however several Philippine own and Crowther, a large aeries of ed vessels have accepted consecu- prints showing the good work live trips at 40/42 centavos per they have turned out for clients, picul. Even at this latter bigare and a host of appreciative letters it is quite a gool paying business from clients who think well of for owners. their work; indeed, it would Bangkok-Enquiry for loan-
This information alone is boat, a charter was put through
ship tend the case for trial?!
His Worebip said that if Mr Davey gave evidence that the signa ure on the 1.0.U. was forgery, the case would be sent to the Sessions for trial.
Mr. Grist said, that in that case, the hearing would not take very.
16
one or two orders for ver
Newchwang-Therebare been load)
but
ments accounted for by the silver dollars were in no great laid down by His Majesty's order fendant and he would not call
Owing to depression of trade observe the rule of the road as long; he would not call the do appear from the letters that most i ago has resulted in the fixture of Trasury during the year were demand daring the end of the in Council, in the harbour on the any witness. That was only put 824,970,000 and $25,800,000 re- year and consequently bank notes 20th inst. Exataination Officer forward as to the position in the compared with 815, were at a premium ranging from Melver charged the master of a event of that fading. spectively, 5. The Imports and Esports 813,400 and $15,542,620 in 1913, 4 per cent. to 103 per cent. Department over-estimated its The Agures not acounted for 16. The circulation in Decem- junk with unlawfully failing to expenditure by $53,138 while the under revenus and expenditure ber of notes of the three: Banks Proceed to the Examination An- sum not required by the Post relate to
to to transactions under having authorised issues was as bour, on the 20th inat. Both cases churage before entering the har- Office came to $60,774. The various heads such as Deposits, follows
Railway Con- Hongkong & Shang Charge on account of Public Dabt Advances, and was over-estimated $33,042. struction.
Bhai Bark...$23,482,903 6. There was a saving of a som 14 Babsidiary coins in stook Chir.ored Bank of of $401,205 ander the vote for and in transit to London for re- Indio, Australia & Public Works Extraordinary, due demption purposes on the 31st
Obins ke bing delayed or deferr Dacomber was of the face value Morcantile Bank of to wo ed, i including Wireksi Telegraph of $980,868.08 as follows India
$4,285.00 BO cento, Station 881819, Tytam Tak
62.763.20 Waterworks $109,740, the West
2010 Point Reasrvoir $145,497, and 10 the Repairing Yard for Govern- ment Langoher $23 019.
The revenue for the year exceeded the expenditure by
Copper
886,634.70
5,530.80
80,640 33
$989,863.08
in journals of to-day have passed lampaum basis of $25,000/ of the well-known advertisements a couple of outsiders" on through their hands. In addition $30,000 for 3,000 touner, the rate to this, the book is an instruction working out at about 62/70 cents as to how effectively advertising per picul respectively. The berth Mr. Hodgson (Crown Solicitor can be displayed, and if an advertis. rate now stands at C cents per said the document which Mring agency is to be judged by pienl for inside bar loa son e) client had not been proved for itself, the firm of Mesere, Grist had put to his (Mr. Hodg the method it secures publicity yet The auggestion was put to Mather and Crowther has passed him that that was his signature, the test with flying colours. Singapore Wireless.
and hesaid he knew nothing about An amendment has been made it. Personally he could not see 6,071,633 <f the motion originally intended that the document was properly Congress Postponed.
The American Institute of to be introduced in the Singapore before the Court pulil proved Legislative Council for a vote of this was put in merely for identi- Electrical Engineers, it is stated 1,308:191
ews have decided to postpone in $164,355 to complete the erection fication and he though 830,862,727 of wireless installations for com perfectly entitled to call evidence, definitely the holding of the Eleo- when it was proved. ebuttaltrical Congress, which had been ba Mr. Grist
think arranged for this year, but the this Court Engineering Congress will be lation.
for held as originally planned, San Francisco on Sept. 20 25
mercial use at
A. M. THOMSON, DE
Treasurer only to t
being obtainable, no actual obar tering edeme to have come to рабо
Cal Freights Importers are experiencing the greatest difficulty tonpage, indi
Eeem unprec
Bidera
Contb
$4,85
BDBDg and Ho gs Private farz