4
4. Requests to the banks for providing money will be signed jointly by the twò Chief Managers.
5. Police.-China will take necessary arrangements for any police work required by the Company,
6. Present Agreement provisional. The above arrangements are provisional, but when the Company is turned into a mercantile Association if found satisfactory they may be continued."
(b.) At the time of handing over the Company to the merchants the question as to which officials in the employ of the Company are to be retained and which dropped will be considered.
(Signed and sealed September 11, 1908.)
5
I have obtained from Major-General Kojima the Chinese version of the Mukden working Regulations of the Company, and am sending a copy of the translation of it which I have prepared to His Majesty's Embassy at Tokio, together with a copy of this despatch.
As His Majesty's Consul-General at Mukden informs me that he is preparing a copy and translation of these Regulations to be forwarded to His Majesty's Legation at Peking, there is no occasion for me to do so.
I have, &c. (Signed)
W. P. M. RUSSELL.
Inclosure 3 in No. 1.
(No. 18.)
Sir,
Vice-Consul Russell to Sir J. Jordan.
Antung, October 7, 1908.
I HAVE the honour to report that the Yalu Forestry Company duly commenced operations here on the 25th ultimo.
On the 1st instant Mr. Hashiguchi and Mr. Hu Tsung Ying, the two Managing Directors, celebrated the floating of the Company by an inaugural banquet, which was followed by an open-air fête on the 3rd instant.
Mr. Shen Tung, the Intendant of the Eastern Frontier Circuit, who is the Chief Director of the Company, was present on both occasions.
Great interest has been evinced among the inhabitants of Antung, both Chinese and Japanese, in the inaugural celebrations, which have evoked a marked display of friendly feeling between the two countries concerned.
The head office of the Company is the building at Antung till recently known as the Japanese Timber Bureau, which institution now ceases to exist, and is superseded by the Yalu Forestry Company,
Major-General Kojima, who has been Director-General of the Japanese Timber Bureau, and who also took a part in the framing of the Regulations of the Yalu Forestry Company, will, he informs me, shortly leave for Tokio.
His departure marks the end of the military régime, so far as the Yalu lumber business is concerned. Mr. Hashiguchi, who represents the newly-formed Company as Japanese Managing Director, is a civilian acquainted with forestry and lumber business by training and experience.
Owing to the protracted negotiations and the action of the Japanese Timber Bureau since its formation up to the end of its régime, adverted to in my despatch No. 7 of the 22nd February, 1908, the lumber business has long laboured under serious disadvantages.
Now that the Yalu Forestry Company has commenced operations, it is obviously to the interest of both Powers, China and Japan, to make its work a financial success, and, the main sources of friction being removed by the satisfactory issue of the negotiations, the harmonious working of the officials and people of both nationalities interested in the Company is likely to tend to an expansion of this important business and indirectly to increase the general prosperity of Antung.
The business is one in which British merchants are likely to take a share. Mr. Hashiguchi, on the occasion of an official visit which he paid me, stated that he understood that British merchants were interested in the shipment of Yalu timber direct to Europe, and that he wished to afford all facilities and to encourage such business. I informed him that I had already had inquiries from a British firm desiring to do business on these lines and proposing to load ocean-going ships with Yalu hard wood for shipment direct to European ports. British ships, three of which are at present in port, are engaged in carrying a large amount of lumber from Antung to Shanghae for the service of the Kiangsu-Chekiang Railway.
The financial success of the Sino-Japanese Company will doubtless largely depend
on their ability to find fresh channels for trade in lumber.
The two Managing Directors propose to leave Antung in about a fortnight for a joint tour to Mukden, Dalny, Newchwang, Tien-tsin, Peking, Chefoo, and Shanghae with the object of establishing business connections.
0
543
4
4. Requests to the banks for providing money will be signed jointly by the twò Chief Managers.
5. Police.-China will take necessary arrangements for any police work required by the Company,
6. Present Agreement provisional. The above arrangements are provisional, but when the Company is turned into a mercantile Association if found satisfactory they may be continued."
(b.) At the time of handing over the Company to the merchants the question as to which officials in the employ of the Company are to be retained and which dropped will be considered.
(Signed and sealed September 11, 1908.)
5
I have obtained from Major-General Kojima the Chinese version of the Mukden working Regulations of the Company, and am sending a copy of the translation of it which I have prepared to His Majesty's Embassy at Tokio, together with a copy of this despatch.
As His Majesty's Consul-General at Mukden informs me that he is preparing a copy and translation of these Regulations to be forwarded to His Majesty's Legation at Peking, there is no occasion for me to do so.
I have, &c. (Signed)
W. P. M. RUSSELL.
Inclosure 3 in No. 1.
(No. 18.)
Sir,
Vice-Consul Russell to Sir J. Jordan.
Antung, October 7, 1908.
I HAVE the honour to report that the Yalu Forestry Company duly commenced operations here on the 25th ultimo.
On the 1st instant Mr. Hashiguchi and Mr. Hu Tsung Ying, the two Managing Directors, celebrated the floating of the Company by an inaugural banquet, which was followed by an open-air fête on the 3rd instant.
Mr. Shen Tung, the Intendant of the Eastern Frontier Circuit, who is the Chief Director of the Company, was present on both occasions.
Great interest has been evinced among the inhabitants of Antung, both Chinese and Japanese, in the inaugural celebrations, which have evoked a marked display of friendly feeling between the two countries concerned.
The bead office of the Company is the building at Antung till recently known as the Japanese Timber Bureau, which institution now ceases to exist, and is superseded by the Yalu Forestry Company,
Major-General Kojima, who has been Director-General of the Japanese Timber Bureau, and who also took a part in the framing of the Regulations of the Yalu Forestry Company, will, he informs me, shortly leave for Tokio.
His departure marks the end of the military régime, so far as the Yalu lumber business is concerned. Mr. Hashiguchi, who represents the newly-formed Company as Japanese Managing Director, is a civilian acquainted with forestry and lumber business by training and experience.
Owing to the protracted negotiations and the action of the Japanese Timber Bureau since its formation up to the end of its régime, adverted to in my despatch No. 7 of the 22nd February, 1908, the lumber business has long laboured under serious disadvantages.
Now that the Yalu Forestry Company has commenced operations, it is obviously to the interest of both Powers, China and Japan, to make its work a financial success, and, the main sources of friction being removed by the satisfactory issue of the negotiations, the harmonious working of the officials and people of both nationalities interested in the Company is likely to tend to an expansion of this important business and indirectly to increase the general prosperity of Antung.
The business is one in which British merchants are likely to take a sharc. Mr. Hashiguchi, on the occasion of an official visit which he paid me, stated that he understood that British merchants were interested in the shipment of Yalu timber direct to Europe, and that he wished to afford all facilities and to encourage such business. I informed him that I had already had inquiries from a British firm desiring to do business on these lines and proposing to load ocean-going ships with Yalu hard wood for shipment direct to European ports. British ships, three of which are at present in port, are engaged in carrying a large amount of lumber from Antung to Shanghae for the service of the Kiangsu-Chekiang Railway.
The financial success of the Sino-Japanese Company will doubtless largely depend
on their ability to find fresh channels for trade in lumber.
The two Managing Directors propose to leave Antung in about a fortnight for a joint tour to Mukden, Dalny, Newchwang, Tien-tsin, Peking, Chefoo, and Shanghae with the object of establishing business connections.
0
543
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