1868-12-29 — Page 3

29.-1868.

ATCH.

show and Shang. Vodnesday next,

ERS AND

XTS.

jer, 1868.

rque, 496 Tons,

£2,10 per ton,

384 tous, Saigon

O to the United

hent £3.12.0 por

397 tong, Saigon

399 tone, Saigon 414 tone, Hence full, and fron r ton.

430 tons, Hence

€1,600 in full.

da tons, Hence $1,825 in full tons, Hence to

tons, Honce to

287 tona, Hence

tous, Henco to

366 tons, Whasi-

12 tons,

Hence

toas, Whampoa

232 tons, Bence

963 tons, Bence

picul

1 tona, Hence to

1

r pical.

LUBB

40 tous, Hence

Bence to

picul.

rue, 594 tone,

245

cents per pient. tons, Houd

our vicul

tong, Deune to picul.

brig, 194 tuna, ents per picul, ontain and back

tour, Sold at

Topmage of Dis -British, 10, ve of Siamcse), ona 7,888,

Bhip Bruker.

$68.

Daily Returna.)

Coast Ports:-

Now Lead,

Shaugh

ast Ports:-

white Lead

m Shaughai:

flow Lead.

ING.

Porte, Cral,

dont

do,

NS.

r, 1868. $0287

630

688

6X)

17 a 21

10 a 201 19 a 20

45

222

222

ank, Fla., 75

xuminal

“a 0.75 4.

prem. 23.60 a 85 23 80 a 50

14.06

4:08.

19 a 10

New, 28.

24. p. p.

7p. dis.

1888,

P's Premises,

No. 1737-DECEMBER 29, 1868. ]

EINTING of every description exe- Ponted at the Chins Main Other

Formoes affair, the Yangchow affair, the Transit Dues, in fact everything which tonds to hurt foreign interests, has in one way or another founit a sort of qualified defender who admits the enormity of the CHARLES A. SAINT. act in itself but hints that the Chinese may not be au wrong, you know, from PRICE 50 CENTS. TABLE showing the Proposed Move-ir point of view. But what will

monts of the Mail Steam Packets of

with accuracy, neatness, punctuality, and at reasonable charges, by

the P. & O. Company for the Year 1860, as approved by

Her Majesty's Postmaster General.

Wyndham Street,

Hongkong, December 20, 1858,

THE CHINA MAIL.

COMPANIES.

American Consul, upon the strength of HONGKONG AND SHANGHAI PUBLIC which he had ship upon bias atrength of the Cusuxiter. Complainant was ordered to frivolous charge against the defendant losses, or over sao the good time which they It may be a question whother people in to pay 8 amende for having brought an will ever get to the end of serious Blackwood; and the charge against Davis often long for without any vary clear was dismissed without batug gone into. Bigus of ita coming w

We all I hope for better timea; we all cherish a vague desire for the commencement of a steady business. Our elaborating their fortnightly theme with platitudes meant to be startling, only want a few quotatious from Shakes peare ur l'ennyson, to make then philoso

8

future too, is before them, not a single cloud seems to hang on the horizon; it is their

N. C. Herald, Dat. 23. fate to have fallen upon the path where ad- versity is unknown, and where good fortune and prosperity hold undivided dominion,

shows how good a thing it is, especially for the shareholders, to dwell in unity and

had no misfortanca to damp or even to Peace. The U, S, N. Vo,, is also an ex emplification of the revival of prospurity; although in its corporate existence it has temper its ardour, yot book this Trimoin and the Bong. are steamers which also

came into the bands passed through hard times before they

THE YELLOW RIVER. of. their present

We are glad to hail the return of the two owners; but now they are employed with gentlemen who, nearly three months ago, surprising success, and there is no reason

Malv

such say to the latest exhibition of offi- THE HONGKONG HOTEL COMPANY London censers lecture us like bolool-boys cal bad faith and political stupidity'

LIMITED E No foreign interests are directly touched

The ordinary general meeting of sharehold

but which ત

to look forward to anytlang but a bright set out for the purpose of exploring the new this time except those of a tow indiviers of the above Company called for this day

career in the future. The statement made lower course of the Yellow River, in which To be had at the China Mail Office, duals who cannot claim the interference was adjourned until this day fortnight, phically postioal. They are kind enough to yesterday at the half-yearly meeting-that it has been running for the last fifteen of their Governinauts. Tseng-kwoan upon the motion of Mr Delbanco, scolded inform us that, if we bought tea and sill fa carver of less than two years bus sudiced years. This part of this Chinese empire was has placed the foreign gunners and drill by Mr Overbook. There were only Eve cheaper, we would make more money to half the paid-up capital, besides

to secumulate & reserve of Tie. 80,000 equal little kuown and the course of the new sergeants attached to Li-bang-cheng's goutlemen present up to 3 P.M., half-an-

as laid down by various authorities all communications relating to the girl army on half pay as a prelude to their hour after the ad vártized time, and as twat ve and imply that if they trore in China they dividend of 30 per cent is a record of from defestive information, has differed so

would act on this principle. Still if นอ business of this paper be addressed to the immediate discharge. This is a capitel / form a quorum, the hope of obtaining that cannot look forward with confidence to any vaufaveous for the general public that none to obtain some accurate knowledge on the

striking prosperity.

It is undoubtedly ad widely, that there has been a general desire Proprietor and in no case to individuals by specimen of Chinese gratitude. No sooner amber was not entertained: hence the sd thing but an uncertain future for the Chin of our stoara companies should have

subject. The enterprise which has just been successfully accomplished under the sat

Noce-It is particularly requested that

Daine. Much delay and inconvenience in the transaction of business will thereby be svoided.

TO CORRESPONDENTS: Our columns are open to all who wish to

address the public on legitimate grounds, int we do not hold ourselves responsible for the All communications addressed to this paper mist be accompanied by the name of the sender, not necessarily for publication, but as

opinions of our correspondents.

a quarantee of gond faith.

jesmomont,

sented

The following is the report to be

REPORT OF THE DIRECTORS.

pra

river, as

trade, we can at least pont to increased monot for shareholders to have, their auspices of the Asiatic Society, will_|

the

of the carrying trade, and it mportant monopolising imagination kept in check, by many of the disputed points at rest, and we

continued presence of

ayshall look for the report of the explorers sence of a rival Company with lively interest. But in the meantime recoils on the person who exercises

generally we

by of tuntia

theni. From Chinking they went by the Aurcet insaus Grand Canal, crossing the old bed of the

The Directors have now to submit to the the condition of public.companies, thus he wielding of absolute power it and briefy sketch the route followed.

whatever.

prudence in

in its management, aud

and to the prevalence of sounder views touching econo my and

and expenditure. As to local business and prospects, are better, for them than hus been the case for years; and, it is un- doubted that Shanghai has recovered from a state of considerable depression, and cou tinues to improve, if not to flourish.

the

pursued

is the danger of rebellion over than the tirat act is to disinise those who mainly aised in its suppression, and whose ver- vices will most probably be again re quired cre another twelve months have Shareholders a Statement of the position passed away. We know nothing of the Company, as it appeared on the 1st the individuals thus treated. But be Dember, 188, and regret that, owing to they good, bad, or indiferent, they have the fact of nu proper books having been

of maintaining antifactory management done the Chinese Government good ser kept during the first few. Montas of the

The North China Stowmes on the Yellow River, which is perfectly, dry at vior and merit a suitable return, which Company's working, they are unable to lay and Shanghai Bank takes the land public, although the steamers have been came to the new Yellow River at Nga- Of all the local companies, the Hongkong latest project that has come before the in-kiang-pu, and continued until they is scarcely afforded by the reduction of Lofore the Sharehukteré à profit and loss jeofod at a critical period in the facial ramning to the North for several years, luth, about 20 miles Dat

of Ngan-sha, their pay. We shall almost bogin to hope count, or, in fact, any detailed account history of Shanghai, its career has been one to a greater.or less extent sqeceasful, and Tating to the sea. Returning by the sa

livir

suse, we think, they have always been the river flows into the Ta-thing-po at that the next great rebellion will be ana-

and Tong-u-pien, of steady progress. It is time that its prothers can scarcely be any doubt of the pro-river to Ngan-shan, they now

and

they proceeded down the The Company were singularly unfortu THE CHINA MAIL. ful Chinese Imperialism, with everynte, at the commencement of their business, extors and managers had before. then, Ba

chance during the last ten years, bain having & Manager who was, to say the both warning and guido, the utter collapso..perity of this company under the existing the course of the river up to the point shown itself deceitful and impotent least of it, utterly incompetent for the post reputation, as well as of several banke and companies than in the facilities offered by homeward journey by the Grand Canal to

of a large number of houses of the

arrangements. It would be difficult to find where it flows out of its old bed. Return HONGKONG, TUESDAY, DEC. 29, 1868.

for good, and its downfall, however and who?

and who failed to fulfil the duties required

better evidenes of the success of our local

Hg again to they have escaped the entanglements of

Ngan-shau, distressing to Sir Rutherford Aloook, will from him in the maurist the Company were disastrous failures. This bunk was establish these thres Steam Companies, and the

they made the WORK FOR REFORMATORIES.

be the signal for a firm and necessary to expect, from the hick festime ed in the very midst of the financial storm bandsome profits which they remarn to Chinking. They found that there is no com- Our attention has been lately drawn to intervention. There is no nced now-a-faith of which he was selected in England nials as to his character and ability upon the

a large proportion of the

their shareholders. Things seen now toxunisation to the sea from the Grand Canal, the Reformatory at West Point, which, days to wade through fields of blood to frum fumarous applicants. The wagtend Shanghai marcantile houses, but it was not havo come in a genorst way to a state of along the bed of the old Yellow River. The Grand Canal itself was, along the greater equilibrium; and t is passed through the

the permanent under the care of the Roman Catholic of foreign support will cast down that of pervision or control over the Servants and under cautions and judicious manage continue in this condition, without any condition; and from about isu milcs be-

overthrow a dynasty, and the withdrawal expenditure, the utter alweave of all au-

intorests of foreigners that they should part of its course, in a ruinous and neglect- China in a few months.

Establishinout generally, and the entire ecce, and it ha en un to inagnificent violent changes or rude shocks. The low Taining chow, for a distance southward of method and systonit, led to the success. As a London contemporary ob-friendlinges of the three companies is the uf 50 ar 60 miles, the canal is completely lost Went only results to be expected from ancha

serves in reference to it.

"There is noth-rest guarantee for their fuuure prosperity, the summit level of the Grand Carol was As mentioned in older books, in lagoons. As like this course of touduct, and resulted in a very spacs of thus, except the large business putem to be maintained is att efficient found to be at the point where the West

in banking history, in the same and so long as that continues, we may ox husvy loss to the Company, which, how-

the great prolits realised, and the im-

flows into it, thers being here distinctly vi books or accounts, it is impossible to state and Westminster Hank, on a capital alniost

dends. 0 old satisfactory divi-

sible two curionte; one

one setting in towards accurately.

We come now to touch upon a subject the north and the other towards the south. nominal when compared with the Upon & reconstruction of the Board, &

So that the dider statement. has

proved thorough investigation into the Company's of its deposits, dividends, and transactions," which from time immemorial in China, bus

be correct, and the more recent assertions, that this was not the case, have been dis affairs led to a complete re-organization of. It is the west important public company in invariably been identified with success and prosperity. We refer to Marine Insurance. of its desire to serve itself

pared-of

The new Yellow public, its alook offers a wide fold for in- good fortune, in any of the companies that ters on to the Tatsing, and practically this River breaking by serving the

of failure, or of anything but extraordinary across the Grand Canal sweeps all ite wa- dont, and offering brilliaut prospects for the have been established in Chiai: In the Cowal onds at Ngun Shan. The new Tel-

Mission, has for some years been unob- trusively doing a considerable amout of good amongst the native population. In

LOCAL.

taken unawares.

ing

its purely secular aspect it is worth while Most of our readers will eliäre the regretever, otring to the absence of any proper notent nosition achieved by the London condition and to yield

to note the results at which it aims and if possible lead some of our readers to bestow a passing thought upon them. As its name implies it is something more than a mere house of refuge or hospital for the children of the poorer classes.

amount

with which we notify the death of Mr William Gaskell, one of the oldest residents in this Colony. He was educated in Eng- land, aud at an ear ago proseaded to Sydney in Australia, which he left for Hong-

in 1846-just two. ty-two years ago, the Company's Scal, and the introduction China, aud besides being popular on account There does not occur to us &-Augie s kong i He practised with much success and was the leading man bare in his profession till the death of his wife in 1854, when, fur

of

instance

suus of the Canton and Union Offices

ed

River, however, is by no means a

The ol boys now under its roof are not change of scene, he returned to Australia, Batisfactorily to shewn that the Company's foture The object of the Bank is to make this good old times, as they are called; the reglarly formed river confined within brought up as merely converted recibus he returned, having married again in 1856. In 1850 le retired from business, pients of Christian charity, but are having relieved a competency. But the instructed in varions trades and en- ingreasing expenses of his family necesitat

ed his again resuming penstics, which he did conraged to become independent because in 1955, reviving much of his old business skilled, members of native society. The connection with those who had known hiin formerly. He died this morning be

undertaken for the servies and conreutered

of nation and system in the conduct of the business.

lain, the Divators are gird to say, has property is a good and remunerative in- Testament, as, even at a time of year when my forthe public by making money out the Company osnuot expect such a flow of the public; this is one of the principal ee- business as tliny had in the first few months to sucess. Banking 18. a business after opening of the Hotel, the receipts aro efficient to pay all outgoings, and hears of the public, and not one undertaken as

Favour to the mercantile community and profit to the Shareholders.

one of the results of recognising

has attained to position of romarkable and f

no school in the crative investment. With a reserve fund East dat promises an woll, safe and lu-

a

a

principle pursued commends itself to all tween 8 and 9 o'clock, and was buried at 5 from what may be called fixed rental of art is that the Hongkong Bank policy; that has never bad its period of adversity the new river, until it reaches the Tatang, the community whatever their With his exset age we are not acquainted. | $730 per month, while the whole of the nable strength. There lost improg lure. Even now, when the Chinus trade 1, siste in great measure of broad. shallow

to

classes

Even as matters now stand, the returne p.m. in the cemetery at Happy Valley of the Company's promises, amount

religious convictions, but owing possibly

to a general ignorance of either its existed in exciting more general esteem than the unoccupied and, when let, will materially on 30th June last of $500,000, aid doubt fetory as to warrant us in confidently au

The Bedrooms and Dining Rooms of the Less by the present time of about $25,000, toiputing for them a long career of pro properly prepared. The results of observa-

ence or objects, the institution does not

ty than its

of prosperity and stabilí rity.

receive the support to which it is fairly men, and his loss is deplorul not only in his Hotel are at present farmed out at a ront of a better vidend of 12 per cent, and a

Few residents in this colony have speened-upper part of Marine House is at present deceased gentleman. He was in trath one increase this item of revenue. of the boat-hearted and most unselfist of

own circle but by many of those who had but little sosial intercourse with him. His lave restored his failing health, but a re- recent trip to Japan would, it was hoped, Lapze sat in from which he never rallied He leaves wife and family to mourn his

dividends were something almost fabulous; banas, but floods imman tracts; and tiouid local Companies, there is no class of Canal, its width is not less than twelvo and even now, notwithstanding the addit the point where it crosses the Grand enterprises that can show such qui- wilsz. This place where it burst its banks formly high pronte Laded Marine the fifteen years ago, and from which it flowed ranes seems to be the one thing in the East in a northerly direction, is about thirty miles belos Kai-fung-too. The course of has never wavered between success and far-

is at arkad by any large cities, but con

basis on which they are founded is ae aatis detailed report, which will be presented to as the term is, opened up, these companies lagoons, often in to fifteen miles wide. continue to divide gigantic profits; and the much we write in anticipation of tho she Aniatic Society as soon as it can be. $400 per month, the Contractor paying ser

tion ga to confirms the previous accounts of vauts wages, gas bill, and all attendant ally to reserve, could scarcely be desired. Insurance Co., so lately, that it is almost and consequent rebellion or rather robbery quarter of a million of dollars carried anun- We live spoken of the North-China anisgovecumeut and its attendant poverty, charges.

The Bar and Billiard Rooing raay be But the Dirsutors not wisely in thoroughly succassary to do more than misition to avoid denth by starvation. Everything safety dapanded uponcuren under present consolidating the bank, and in providing it. Notwithstanding the recent ecce shows signs of deeny and neglect, and t circumstances, to rotan & pett incoins of claro dheating dividends. They can RD well little doubt that the nois company neighbourhood of the Yellow River unter- for its reserved strength, before they de frio allotment of shares, TO DGFU

periodical floods make existence in $1,200 per month after paying ali sularies be considerably enhanced in the event of and ezpanies, which amount will, of Gomis,

to give Katiafactory dividend will be in every way stronger than and is carry a largo sue sunually to re either of its predecessors; and there ton of rain particularly affects the vast taib and unua viable. This general condi-

that they have thought it prudent to make the average profits to shareholders at fi pored to the Chinese people, than to endeavour there being that increase of shipping at these, that no one will be inclined to

is every probability that it will continue to net work of water communication which tion the wisdom of the large appr

Jorge appropriations serios be rander- do the largest business of any company in connects the most distant parts of the om- At the same time, shareholders may look forward to the advantage be given to the inmates of an f attending as Sponsore and otherwise taking Buring the Shareholders, that the diffienities the annual not very distant time when cant per agnum, for the last thres feats, to bring these authorities to undertako the

ghartars lof a million of dollars besides 10 per cent dividend on shorchal will reach

mova needful repairs of their water high- Bun which even the most cauti ders' contributions, and it is not improba-ways, so that great lines of communication ous will deem ample and when a vidend will in all human probability be the 50,000, that the profits of the new term may doubt, the entire empire suffers from

dible, even wit an addition to a large

Capital of Tls. should not bo

almost totally valveless. No institutions in the Edat which, take them doubtless very extensive and influential, the water-courses in good repair; but reward of their patience. Thors are few be larger still. Tho

new proprietary is the

the neglect of the Mandarins to keep of the basis ought to in in the district between the old and

entitled from the outside public. To create a monopoly in favour of any one section of a community is, we know, opposed to, con principio of political economy; but we shall scarcely be ac cused of advocating suela measure if shoemaking and tailoring work which is we suggest that some of the occasional now performed by fairly skilled, but often most impertinent and exorbitantly charging, native shopkeepers, might with

josa,

A VERY intereating ceremony took place Catholic Reformatory at West Point, Fa-port, which is usual during the fit on Monday in the Chapel of the Roman ther Borglignoli having adeninistered Bap-raonths of the year, and which previous EX- tiem to some of the Chinese Adulte of the perience lends the Directors to hope for. Institution, several Ladies and Gentlemen The Directors feel some confidence in us

institution such as the Reformatory. As

necessarily attendant upon starting a large, Bosceru have been completely surmounted, those in charge of it desire to make we hear that the representative here of His and that the Company have now the finest known this is the best charity which can Prussian Majosty has been victimized by otel in the East, replete with everything be given ur its aid, and we note it as a the disappearance of his servant. It apnecessary for the comfort and convenience

part in t

the rite.

afford both

Bank, iu

point

t. new

fict rather than urge. it as a reason pears that the boy had been well treated of Travellera, and the maintenance of all in all, will bear equal cumparison with and the wuents of strength. The reor the new Yellow River, the appeals as much to the individual iute and received Sã to pay huexpire the Company's Staff is efficient; and the

Eatablishment as a First Class Hotel, while the Hongkong anữ hànghas success, of ganised Union Insurance Society of Canton of what might easily be made a r

rests of the donors as to their higher feelings.

for a

trip of tou daye to blacao; bot growth of gratefulness was as rare as ever We cannot but express our surpis, and he has neglected to return. Whether In this Celestial specimen's constitution, however, that an experiment of this any valuable property beyond $18 extorted nature has not been tried under other from shopkeeper has been stolen, is not auspices with another class of the native | yet fully knony cornmunity At present a certain amount

of wrong-doing is necessary to ensure

SUMMARY JURISDICTION COURT.

Contractor for the Messing gives universal satisfaction.

department

it

of

influenced

gant

the

and stability, and of well-founded next claims our attention, although as yet system of communication, presses with un-

genuineness prospects of a prosperous future.

it has only published accounts for the first sal Reverity and the broad tracts of the Company's property and business, it is priso in the Far East is the Shanghai Steam in the middle of September, comparative cunot have been virtually annihilated Passing from the "Hongkong and Shang half of the present year. With its opital land covered by the new stream, sud thus In addition to the satisfactory state of

hai Bank," the next great foreign enter of $200,000, and, at the date of its masling lost to their owners and their inhabitants, 8 gratifying reflection that a great deal of the expenditure necessary to start the bust Navigation Co. Launched at a time whim inanity from losses for the first sins wit

without bringing

incalculable rain on the ness, which swelle the amount at the steamer rania was rapidly developing, months of its existence, notwithstanding a peop

it was soon rendered famous by its aris rapidly increasing business, this Company for commerce, proves that their value has The existence of these bighways people. dobit of the Company at present, is of a the application of that benevolence which to day, a considorable number of which therefore a certainty that at the end of the shareholders couragevusly clung to it mouths the premia amounted to about gone by. But the Mandarins of the pre- Only nineteen cares appeared on the roll class that can never recur, and there is fortunes, and at one time, it seemed as if bids fair to take ad important position been understood and appreciated in days

it were surely hastening on to ruin. But amongst its rivals During the first six seeks to reclaim the vagrant and afford were struck out or postponed. The sole 1889, the Directors will be in a position him the opportunity of a more honest cases of any public interest was an applies exhibit a much more favourable balance with patience, and in muto agony; and in $230,000, and in less than three months but their own private aggrandisenient. day seem to ORTO for nothing life thereafter. So in our Colonial Gaol tion, on the part of the Trustees of the Sai-sheet, and shew-sufficient finds in hand to petition, the Directors by prudent and that it bas commenced under most favour-see the enormous economical importance the reaction which followed disastrous comme to about as large an amount; If they could once be brought fairly to the prisoner may learn a useful bandi lor's Home, for exemption of that inetita-justify the payment of a dividend, unless economical management, saw their oppor.abia citoninstances; and, in the highest of the most complete facilities for transic craft or at least make use of any which tion from the payment of taxes usually should be thought more visible to apply tunity and embraced it. The result has degree promising though it be, the full and travelling, the increased wealth such he has acquired.. But it would surely be imposed by valuation on other properties in all the profits to reduction or extination of been that from something like 66 or 70 ser extent of its capabilities remains to be facilities produce, and the angmented epin.. of use to afford intelligent native boys of half of the Trustees of the Home, and urged

the Colony. Mr. Caldwell appeared on be the loans now held by the Company.

The Directors do not wish to raise

aent discount, the elvirus of this Company determined. It has been convorted from fart they confor upon the mass of the honest status the opportunity of inde a case in support of the application, Inboty necessary expectations, but they are not rapidly advanced in value till they reached at animal into a triennial offico, and us pendently acquiring some one of the dreidet in Liverpool, in which a charitable without limpos of selling Marine House, and this embelloned the Directore to doubtedly it is destined to recover much remedy for the perennial rebellion that people, they would soon find a partial of its former position and influence, Friss many forms of manual labour for which institution was exempled, similar to that has reducing the debt of the Company or war for the new stem-lost and

exists in that part of the empire, which the necessities of tho Colony create a

now applied for,

Hordon and Cold of placing the Hotel generally on a

properly which they had acquired, ing on to the Caution Insurance Con, re demand! Could not our Government lins, valeators, appeared on behalf of the much more remnerative busts than at pre-current profits, the new issue taking the unequalled by those of any other schone vastates-V. C. Herald, Dec. 22.

and for which they had paid out of the have to record the payment of dividends been aptly named, now periodically de

Chian's. Borrow a the Byang-hu has salidol system for instance be supplement that the Sailor's Home was a charitable in

Treasury, Mr. Caldwell, way of proving sent..

Walker Bobc

. form of DIRECTORS-Moors Walker, Belilios, Publio contdence in this undertaling has day in Hongkong, it was shown that the stock divinlond of 50 per cent. in China. At the meeting held the other ed by practical workshops With Gatitution under the statute, stated that the Overbeck and Delbanco have joined the been sn established, that the new stock is dividends paid to the shareholders for the vorntagnt support they would be sure to Government had in a measure recognised Buard.In accordance with § 80 of the Ar- pay their expenses, and a good would the character of the institution by grant ticle of Association these gentleman retire, that is, the share of The, 1,000, which about per aouum, or over 105

we believe saleable at 10 per cent discount; last two years were somewhere about $750 COOLIS LABOUR IN QUEENSLAND-The. result beyond the mere fact of having ing a piece of ground, at a merely but being eligible offer themselves for re- three years ago could be bought at about nearly 10 per cent on shareholders.com has lately been ranch discussed in Sydney. à per cent, besides question of Fiji labour on sugar plantations taught a certain number of boys certain nominal rental, upon which to erect election.

Tis. 300, is at the present mulant worth tributions. To characterize this condition It is nasected by some that the natives are handicrafts, which they might have per

the building at West Point- the ad.

By Order of the Directors,

Tls. 1,350. This rapid recovery from a the

of affairs, prosperity is really too mild and enticed from their homes by highly-coloured. haps acquired equally well in native jacent lot to which was valued at

C. LANGDON DAVIES, time at about $18,000, is Honour ap-

tate of apparently bopeless prostration, shops. They would learn panobiality geared to recognise the force of this fact,

insignificant & term and we must leave pictures of the advantages they are likely Secretary.

a condition of huilliant success and pro the realization of it to the imagination of to enjoy upon emigration; and it has also and honesty in work, The more refleo- but said that he did not exactly see that a

mise, is one of the proofe of the pros. our readers. The China Tradors Insurance beau confidently stated that they have been tive would perceive the use of labour canteen and bowling alley coins under the

perity which sure to attend on com. Company has also produced balance sheets Statement of Assets and Liability of the

kidnapped-induced saving implements and machinery, and classification of charitable institutious, Mr

to go on d'the trailing vessels by offers of trifl if an engineer shop were included in the Caldwell, in reply, said that every charit

30th Day of December 1868. lestablishment we might some day see able Institution must be possessed of some means of support. The Sailors' Home kopt the Bailway, introduced into China by a canteen and a bowling-alley in order in bona fide Chinese, or at least constructed

some measure to support the establish- under capable natives. All this isof course ment, but the institution was even now vague to a certain extent, but judging very beavily in debt; and he put it to his from the native anxiety to learn any Honor whether or not it should be recogni- thing which will pay, might, we imagine ampted from Colonial rates and taxes &

sed as a charitable institution, and be ex- result in some practical outcome. Meanwordingly.His Honor said he would look time existing establishments are, as far into the matter, and give judgment next as they go, well worthy of the discrimi-Court day, nating support of the Colonial public

TO-DAY'A POLICE.

the three

years of its existence.

Hongkong Hotel Company, Limited, on the amongst which the competition is not a 27, 39 und 35 per cent respectively, and paid taken off to Queensland. Ther condition Banies which are really nearted, and indicating unusual success, the dividendsforing preseuia, and onco thers, detained, and

e having been

ASSETS.

Hotel Buildings and Furni8358,912.84 ture, and Marine Hanse,......

Outstanding Accounts, Stores and Wine on hand,... Cash on hand,....

per Invoice)

157 Shares tlie Property of to Company, and deposited with the Company's Banker, | $15,700.00,

Stores not yet Landed (as

hopera

cessive. Nothing could be more than the prospects of the S. 8. N. Co.; but out of half the set profits. Of the remaining upon the plantations has been represented still we cannot undertake to forecast the half, an equal division bae been made tua iu sme cases no better than slavery; future. The present arrangements by which Roserve Fund and to shareholders, contri-and the lush is said to have been in frequent 46, 482.92 Shangliai nerve the public at reasonable has beau paid. The Company is a perms that on some plantations the coloured la the three important Steam Companies of butions, and upon the latter 10 per cent requisition. On the other hand, it is mid $8.40 rates, which nevertheless yield them very nent dhe, sud with an increasing business bourors are well clothed, well fed, and $218.70 considerable profits, are such as we think and augmenting reserve, a prosperous career treated with all kindness, besides being paid $2,309.68 the general public approve and we do not is evidently before it. Finally, we come to the wages for which they agreed, and allow- know that either the public whose goods the Yangi Insurance Association, with, ed at the end of their term of employment, ate surried, or the public who own the paid up capital of about Tia 200,000, a uotesither to return home or to renew

sil sweeping change. The only sound sondi proscas of redemption by au

the best means of arriving at the મd

of nearly i

"the

en.

other day to

$0,00 steamers, would benefit much by any capital of probably about a half moro ingement meeting of clergymen and

tion of ally Company is that it should pay from profits, and a Reservists was. good steady profite, and the chain of eveute 18, 200,000 la point of strong for inquiry to the Queensland Govern astrith, lit was decided to forward à peti $870,630.44 which at any time lends to steamers belug

ugndeaanted by Sycee, this is the ntost power worked at a loss or with insuffelent profit, tail company of the whole, and the dividend thent. An utter probibition of the impor 2,000 Shares at $100 each,..$200,000.00 th ist cent per annum, besides the appropriation Tow

is to be deplored. Still, in enterprises like to abareholders has been from 17 to 20 por tation of coolie labour would certainly - 65 actual proof of any serious mal Dis to Banke, holding $101,276.85 ezee somewhat fragile, Frangements to redeour the note share, a large

il treatment of the Fijiaus latherty e

employed.

Mr Goodlake sat to-day but very fow Tug defenders of Chinese policy are hay casos possessed any public importanco ing a bad time of it. Upon every posE. W. Blackwand, boarding-house keap. kible occasion when bad faith or deceit er, was shoved by Thomas Newman, can be shown the native authorities take seaman, for having inlawfully harbored special care to display it. Time after and detained defendant, the said defondsatt Interest to date time are their various moles of action being a seamnau on the articles of the so

explained away by the semi-apologists (Edward Davies) was also summoned for Eldridge; and the defanient's runner who are unwilling to admit that the living enticed complainant to desert from Chinese are radically deficient of all the raid ship. Defendant produced a dis- that constitutes honourable feeling. The charge, stamped and in due form, from the

JARULITIES.

upon

Sundry Creditors,... $9,855.00 for end, nor Companies are readily addition to reserve, and a dividend of 8 par It is to be hoped, therefore, that the ne

formed,

where large profits are to be made, cent to all policy holders We have now prats I have mentioned may be found, $370,580.44 with serious injury to all concerned in it.

and the afruggle for oxistence is maintained exhausted our list of Marins Tasurat upon investigation, to have resulted from Companies, and it would be difficult to find vague or incorrect statements. The exalu- The treaty entered into between the 3 anywhere a more brilliant record of extra ainu of imported labourers would inflict a NO the Union Strah Narigation ordinary and uninterrupted prosperity than severe blow upon the sugar planters of Ok, and the North Chine Steamer On, these local companies exhibit. A bright Quensland,

E&O.E.

Hongkong, let December, 1888,