1889-08-10 — Page 5

MAIL SUPPLEMENT TO THE HONGKONG DAILY PRESS.

TREATY REVISION.

HONGKONG, SATURDAY AUGUST 10TH, 1889.

ent them, are now negotiating new trenation, to disastrous as the coun-commercial: morality. Trade is not to. Tungan, said that a great obstacle to the deep for some time past. Another item kd1f we bad'a fiest of ten or fifteen vokelait would | This change, if mide at all, should be med gera.

and

K

me time, namely, in February atmerical, but of its existexes there ear he no temporary T, the habit of relving Kweichow, importa are now paid for alreadily understand, makes a' grant differencim against H, bass I don't consider it good polley to adapt. You will then not be plunging into a

the saine

Japanese

posed the adoption of the report and accounta

giver guarantees dess. The Japsnose purse Such. rival-would look formidable thing more than in lawn tennis or then keep to the That carry own pointed to BA the meaney, but his appointcat in our Anancial affairs consistent with the time nothing to spank ofmall claims of 82.00) and

from

сло

Wo

and

tbo

of

GANTON, AND

batol

keepers

inental boat. The abolition of extra. the part-of Japan: Evren under present con- tion of which of two innocent parties is to the will stop to the Nav-sing route and MACAO STEAMBOAT COMPANY,

:

Quunot

The CHARMAN-Something Kke that. Bol [at very good rates of laterest, and the arrange. for at least a section of the Japanese, purity at wo do know that the Chinese duty under the French tariff: hut China is and, with your permission, tho report and t

We hope to that it had while still in the distance. bave proved thommelvsa worthy of a very not very likely to take any trouble in the courts having been in your hands for what might we not have lost We all know ment is going on most favorably. The advantage of Treaty revision, it is now great amount of coniience in commercial insfter, and non, French goods will, we fake timo, will take the end. It is udly the object of mary man of business is to less have the greater portion of it invested before

Nuuite that there is a debit, halanos, "but this his risk se much as possible;

very.ing.... it, be practically shut out from the advaul as be a very gruas del against the encca The BCRETARY The insurano ba 44 por DOWALL-Well, in face of these fixaron, The British Covernment has, it must be conceived, may not be altogether on the side transactions. confessed; besu loft in the rear in the matter of Japan. Japan rascular Pross on pozaty farther in a comparison which we con

The Mail, in an article qu We do not propose to follow our contei-ages of the new route.

M.F. J. A. HOUENE, of H. Meful worklag of the Company, whom the Caconit on the iron ships and 5 per cent, on the in spite of what the Chairthan has said. I hold

Consular pay started it had to make business for test, werden més

that we might very well insure our own fest. of Treaty revision in Japan.. Prince. Bis certain utterances

The CRATERAN-I will speak on Mr. Hender datoriized that the United States shonkathjet, says Many Japanese are aider impossible and loss, but we must Service, in the report of his journoy in and there was a pory, streng opposition to Mr. Pots ECKER-I may say I quite naderno | MARCK W what was coming, and was the

That upposition, though it your opinion, Mr. Chairman, as to the inadrias son amendment. I think it a very propDE, ODM, honestly persuaded that the complete open- join issue with him on his assertion of the South-western Chine, in treating of the re-tend with not be abead of Gormany, England anding of the country to foreigners will expose utter nordidaces of 1bo European code of lative advantages of the varicinis radin rantes contienes, ie not reachy se great now, se it ability of our becoming entirely our own insurers and I have no doubt he has thought it out well. France,

follow the compelled to

and thus the merchants a

and 'may.... in | gaMU of beggar.my

may sudden shifting. neighbour. A man may sud

of the foreign import trade has to considered, and a very serious one, is to be good policy, and it is done at kome by many dually, and when we have accumulated a furd of rise in the price of soal. The pries of coal at shipping Brme, but with only tour or five very orems then we will be in a position to say, "Now which will aloubeton be in the same lines be end lend to a foreigu monopoly of every-be engaged to it all bis life, and yot preserve from the Nau-ning to the shorter Tokay sent is 70 ve 100 per cent, more than it was wint costly steamera it pesme to the we would by woonsstand the loss streng is tige Ms. Head-

strict

for truth, rogard

If, as our con- route was thefaut that Yunuan and the Company storted, and that alone, you running very great risk, and I am strongly orson'samendment. I think it is the risest course there of Germany and the United States,thing profitable. The fear is utterly chi-a and will probably come into

riak of a serious loss. Whatever loss over will powerless to on codified law and the elaborate mol-west exelauivaly in oplum Good yupiun the Company's caruings. I do not think there in our caso, 1890 question, and suce argument

CARRO he

Mr. BIY TAR FAN--I have listened with come gradually. superseded This revision of the

Treaties has

produced in Kwangtung and e.anything more to pay but if any shareholer dispel it, time and experience alone must be inery of legal process has sup

Mr. DODWELL--I won?? rejalin that we can. been foreseen for some jours, and the Ja. looked to, pa

The conception of him almost entirely the operation of the satural Kwangs, and the people of those pr has anything to ad or desires any informaticis som attention to the romarks you have made, panose Goverment has long been working self treated by the foreigner's conduct in instinct of right and wrong, it is because the vines buy their riba is Funues and wei. to the Company's working I shall be glad to Mr. Chairman, and however masterly and im not be plunging, eccording to the experience f pressive your speech may have been from an the past twenty-Bre years. It will not be such to that end, lins medo sacrifices, and sought | Japan that of masterful person, with law, by the moral senen of the nation, is kept chow and pay for i principally in foreigner, it possible

There being on questions, the CHAIRMAN: oratorical point of view, I must confess I cannot desperate plange as you suggest. Had ik bean to bring its administration up to Western keeu aves for everything promising proff, abreast of the charging conditions of com- goods from Hongkong." According to the

sgreo with you in the opinjoni you have ex- so we would have seen very serious losses in that Mr. Ho Wai Hing reconded. Trade Regulations drawn up under the unbounded

pregger The present couturys been Botime. What has been the Company's experl- standards, kan proparod a new podgir

enterprise,

great business skill merce and is 'nèvor very far out of harmony \'rasty of 1985, trade-in opium bat weed Ton- I experience, and an almost inexhaustible with abstract justice. Our eontemporary

Carried unanimously.

Tamarkable for the many change and improve exce? It is shown by your own figures. Ive a and has shown every deatre sud to mest

the role of morality in businode is pro

is pro- quin and Yutuan is forindden. Opium wil

The CHAIBNA. Francia has reaiged ments in every instintion that I veulvre to total loss of a small steamer that was long be people, too, have consciously or uncooly the Japanese outside the Treaty Parts,

bably

and, no doubt, from the Board and Dr. Noble has been a think that some radical reform shonld be undo fore my time-but there has been alsolutely and doubtless seems doublyer, the rule of to Kaypeople, seconded the efforts of their Government

scarcely even guide;

Rud paks the coulies

back foreign requires confirmation. I therefore beg top and oiroumstances in which we are placed. $3,000-absolutely nothing that we bowing g a friendly disposition to foreigners, who have learned to think that in every dis so much se tlist, for the rules of play are opium will contend to trigger pose that Dr. Nobis he appointed a director think the time has crane wheni me should inchs reasonably take the risk of ourselves. If for

them. It is pute between on Eastern and a Western, the brief and clear and leave no scope for casuis- goode on their return journey.

this clangs, and in advocating it I would proceed twenty-five years we bave not had a serious low whenever the latter, mix with honor the former is bound to go to the wall." Our try, whereas in busines the code is vague Houssy's resaoning is no longer valid, the WA! KIXO seconded, and the uncon to give you some reasons. The perividital docle may is not resonably argue tint within the

iba Mr. Ha bebaros himself travel through the Yok

Yokohama

aks of the and indefinite, taking a different shape in the circumstances having changed since the time was carried Contemporary speaks

ing and thorough repsie of our stoaniam under next ten years wa will not have a serious loss P Mr. Ho WA HING proposed the re-sladen the requirements of the loani Ordinance placer if so Mr. Henderma's object will be arcom- length and breadth of the country in perfect agitation against the project of Treaty re-hands of orory Individual. The instance he wrote: By the Additional Convention of

them in the list of first cluesriska, and gives us a plished without our paying any more spermoar safety, not asly from violence or robbery but vixion being fostered by two or three selected to prose its contention shows the 1987 the trade in opium is allowed and pra of Messrs. R. Lyall and L. Downes as andites.

case. That i

Mr.. CHE TUNG seconded:

thorough insight inte their condition, in that if premis. Wo are paying nearly five per cent., vided for. At the same time, however, there wenkoers of our contemporase Bucia is under the new conditions no greater likeli insult.

but it may can go farther mingr

vernacular journals,”

Carried nam. C071,- --

wo were to underwrite them ourselves we should which is nearly as much as vory maný bosan say that in moal parts be will receive no. 1.be the case that these two or three minor at the Bank of Broland. A clerk in the hood of a sudden shiftier of the forego front for their afisadanos and; expressed a pesen-going steamers do in underwriting their we must endeavour to do so at a cheaper rate.

instance is the cau

causa

The CHAIRMAN having thanked, tluse pro bo ranring much less risk than the owners of steamers pay. If we are to contione inaaring of

in. thing but citility and kindness; the worst journals have given voice to the feeling

Against t may be indifference or a tendency to saneaza more EMCTERTOP of Japan, while the employ of VGTANG BROB, obtained from the port trade from the Nan-ning route to that the next report would be a better one, the vessels, bebause they are not subject to an over-Yon point one the prongerous condition of the. bo will have to endure, and that in few

the mass of

journals represent only a Bank the sum of £70,000 on forged bills. Chokay route than there was from Mr. meeting closed.

hax of this nature. It is a custom among insurlace ontopants Sorely, why not? gines The

and the him. In this respect he will have little to section.

ques-

cs- Bovara's point of view. The Franch tariff

shipping companies to underwrite a part of their they get these enormous pramin from a to put British and other non-Frouch will the Japanesg

· το ταμεί complais of

The difficulties of the Chinese question money was not recovered, and

risk, and with the large capital which we win their pockets. As individuals we may be in-. question tion at issue was whether the loss was to fall

HONGKONG, TRE

and I maintain that we are in a better position terested in other companice-nearly everyone in to lambe in comparison with the rapscious may be another reason for drawing back on on the Bank or the firm. It is the old

ques. Rools

franoially to run the risk of underwriting our Hongkong has his Anger in many pies-we are he bartered as before I continue to

LIMITED.

own steamers, because I am informed that for interested in insurenes 'companies-I am-but territoriality will not after all. make meh ditions the Chinese have swarmed into the suffer. So far the victory is with the firm, by Kwangtung sad Kwangsi merchants for difference at first to foreigners, for i

for it is stated country in large numbers, and the fear has but the case will probably be carried to the

pium. The Freuab are not in Yorpen opium..

The forty-sixth ordinary half-yearly mbeteg overy vengal aflcat belonging to us we have we must put these considerations aside and deal

Steamboat Company, Lour foreign Supreme Court, and there will be "an on-

eindges will be appointed to offer the same We have insurance companice start of the hifertis of the stor boatat point of view an an of restilencs to the Treaty Forta were remov-ly of opinion that the verdict of the lowing for cheaper as pries, evaCompany was held at the Company's ofte, with aborit two millions of dollars and prospar, cut considering any other Company that wanight

manufacture at

Hongkong, or Bitarday afternoon, the 3rd gagement that the complete abolition of Coned and the whole country thrown open Japan Suferior Aular jurisdiction shall

(Chairman), Messrs. B. R. Betilios, F.A. comme à fort would aoon be overrun this it is few plane side pisy: itimately lose it, but port from Tunnen of tin and, perhaps, of (directors) F. Henderson. A. Yookney an enormens,eaving after paying all leases amendment to the meeting. Only the mover is undoubtedly a very hard case for doubt By the Red River route there will no fast. There were present Hon. P. By reason for the course I advocate.. Had the com. Es you batu rejoined, and I submit them to the accompli before the new Civil Codes bare the neighbouring

as Mr. Bounaz suggests, be an ex comes, E. Ponseeker, Foon Fong, Lee Sag any done its own insurance from the time meeting.

It started I think there would have been T CHAIRMAN then put Mr. Eerderson's bean in

in operation three years" Privilegea plie

plied that Jagan does not offer the same of trade, travel, and

hardly neome to medicinas and Pa-orh tos in small quani Dodwell, D. McCulloos, G. B. Lefason, E. and demogestained. morality her The idence in overy part of field for cheap labour as Austrália and Cali- the question of

'should and woonder and the Chairman voted for it, the the empire

will be given to foreignert, but it formin, and, the Japanese belog able to live come into cat all. Of vinety-xine cases out ties, and a certain passenger traffic officials J. Moses, N..J. Gomes, A. T. i. da Silvs, A.

Bosrus, Ismail C. A. Ozario, Tv Suzi Win, up the insurance now you have told me we remainder of those present holding up their is doubtful whether there will be any great as frugally as the Chinese, the latter would of a hundred that come before the law courts on their way to Peaking, for insta

should save about $90,000 per sonum, and in the hands against it. coarse of six years the abarabolders will have For the reasons already given, we consider Wong Fnk, Chan Kwan, Tung Wye, Fon

The CHAIRMAN then declared that the ori advantage taken of this except for purpeans not enjoy the advantage they do when the same thing may be said, the honour of of travel in the beautifal land, which can then brought into competition with populations neither the plaintiffs for defendants being that Mr. Bounty's anticipation that the Fre. He, Chow Hing Ki Woo Ou, Chun Chai, the gratiscation of finding the value at annther gun motion was carried.

It was pointed out from several quarters that origin. be enjoyed without the trouble of passports of European

that there would be no considérable inrush D Any way concerned in the dispute between féctures lying along the Toaquin border Wong Ping Lam. Six Tuk Fan and T. Arlo steamer added to our insura ca fund, I need

Granting, however, In In course of no doubt, foreign

of them. In a small minority of cases the will be supplied with foreign goods by the The CHAIRMAN BAid-Gentlemen, you are hardly mention that dres on led steamera are the motion had not been put to the vote.

of rare occurrence, so that we bare; not much The CHAIRMAN said that according to parlia baenue established

in a few centres of mere labourers, there

chore can he

be no doubt there

mentary practice it was not necessary to pat the trade not at present open to foreign comis would be a very requigration of seamy side of commercial life is brought samo uute is not likely to be falled: To Ind the report before you now for some time to apprehend from that direction.

of patty into view, but as Mr. Dicey says it bir ar secure the position of British goods in theatrefore it is not usessary for me to rad

The CHAIRMAN-We had one quite recently, original motion to the vote; but he ultimately regions, however, it is important that every it I have but little to say about it, beau

Mr SIX TAS FAN- say they are of asre os did put it, and it was carried by a large majority, merce. On the other hand, the tariff will be whom the abopkeepere of Japan ticle in the Nineteenth Century for Jus Hort should be made to secure the dus when a report is a goed one the fewer de prrence. They may, of course, happen some revised

basis,

When all is said and done, on a Таранова

An extraorditary general meeting was held find powerful rivals. In the Philip. T that the import duties will be increased from pines the retail trade anst all over the world-wide industrial organisation could carrying out of the transit pas regulations, used about it the better. I am quite sure at times, but very easy. We have colband after the ordinary meeting for the purpose of about 4 per tert. at present, to 10 por cont, anuntry is in the hands of the Chinese, and in not have held together if British traders, and the opening up of the Want River. Sy hart bolder in satisfied with this report typhoons, too, raging on our shores, but the Ob par-log osrtain special resolutions.

Sa nas that obowgentleman, that the company servatory at Kowloon is always on the alert, and On the motion of Mr. Foox Poro, seconded of thereshoots, the amount being computed Japan they would work hard to secure and British manufacturera,

British

to slost navigation. These are points to of which you are proprietors is a prosperus the timely notice gives will prevent our stouters by Mr. DopWELL, it was resived-That the on the cost at post of delivery instead of on footing in every town and village, as they financiers could not be trusted in the main which the Hongkong Chamber of Contone, and. I sircerely tape and trust that for being overtaken. They will always bare time Commay may from time to time rodnos ita the initial cost of goods; and tonnage dues bare already done 82

done at the Tresty Ports. The to speak the truth, ifto use the old saying merce has frequently given attention, but prosperity will continue I sincerely believe lat to take shelter in the safest comer of the har. Capital

of which

well, take up, again. Is this is growing outern, that trade will go on boar long before the typhoon raschen us. If we On the motion of Mr. Yo Bui T▲n, sound-

·will be enforced. Whether the new, the oatural course of thing to to add instances was not still as good'ss their bord. in our Legation at Peru and which you will receive, that is the divided I think we should take the corsequences with from Article No. 20 of the present Arlines of on foreign abipping at the rats of 25 cents result of the nterprise of the Chinese would their "word in the great wayorts the lethargy which at prenent seems to steadily increasing, and that the cornings of the were to make this change some secidasty mighted by Mr. ISMAIL, it was resolved. Thst the reaties will beneft foreigners and

the wealth of the to foreignt

Peking we can beats will go on standily increasing. The drid happen which ao hutaan skill could prevent, bat words Four Thousand Sharse bo eliminated 80 Indeed, so progressive is our respect for trade ur aut prejudicially on both the step far from their exclusion being goud polier voracity list ir OSCAR WILD in the perhaps hardly bupe that any definite etap has been taken, and the plunge has not been it would, from our point of view, ba the Jecury number of the Nineteenth Century will be taken for the furtherance of trade Enthanus is the highest that has ever been said, manly fortitude, and I assure yra, gantium, Association, and that, in lien thereof, there be

reverse. It is not difficult, however, to un- raised a hamorous protest against its intru-interests, but it is none the less a duty to think. It is of course, a question white that in the longo wa will gain by the change inserted the Forda Eight Thausaed Shares,

duty to a high dividend at one time and a lesser did. Tar Hergkong: Canton, and Macao waters, The CHAINMAN-There will be a mesting to What foreigners in China will be most derstand the opposition that may be offered sion aver into the realms of art and fiction, continue ho agitation, for purchase the end at another will be satisfactory to the Hier which on steamers frequent, are so well-known confus those resolutions & fortnight hense. concoined to know, however, in connection by Japanese traders to the unrestricted in one of the chief causes of the "euriously Minister may be amenable to the pauser-holders My own impression is that we shuld and easy of navigation that I feal eure if our The business of the extraordinary general meat- with this grant changein the relations between oigration of Chinese competitors. But, it commonplace ebaracter of most of the liters fluence as the unjust judge of Scripture, strive to declare a dividend from half yer to

carefully a great persion of our fncoise hitherto your attendance. Japan and foreign countries, is, how will is said, although Japan may revisa her ture of our age" being stated as the decay Fren this hape seine faint, judging by M, half your that will be pretty equal. Dower captain continue to do their duty honestly anding is copaluded, and I have to thank you for

d in Pobing ? As it likely that treaties with Western powers it does not of lying an art, a seiouce, at a social LETE's experience Who would have we have, as you ex, a fund for that purpose, but expended on insurance will be used in the

Thought a few months ago that Lookay would wight have to be need and swept away. I da'tration, I think, for the reasons given, the DAIRY FARM COMPANY, LIMITED.

cirou matapose might rim when the regarded in

that and Intore. Taking the whole matter into abraid. afferen? Warded there with follow that abs will be compelled to treat pleasure. And to writer suggests that

the Chinese Gorerament,

amout, China as on the same footing. ...Theore.

pre-short peiner When to lie and how, if brought be realiad by steiner before Chungking?

wish to be fearful of bad times coming, inised holders will agros that insurance stronld be giren gly and without Wrongly

eason, tically this may be so, but China would out in an attractive and not too expensive

I am quits the other way, and I think thatch as. I therefore prepose that it be gire ap. Las un in- form, would no doubt command a large sale,

dividenda as we have been paying for years patear bear). ferior by her muller neighbour, and if attempt were made trosbie would almost wany carnest and deep thinking people."

LUBY

per ton

DOL

and it in said

inade without some premeditation,

it be

thu change will be which, very

has been secustomed to look down

in-

in

not

courty

empire. To

by immigrants from of morality, whatever it may be

in in Wrang

-point

in | route.

the country,

and

it is obvious our

and

msy

by the new

inst$199.

(Soetolary)

Japan with. supercilious contempt, cute winegly consent to be treated as the and would prove of real practical servico to THE DRAINAGE AND WATER SUP-ava most creditable to the company, to the wirk

Ir bear her elevation to

Weaters countries, while the

dom Is til treated, an

ant an

The ap

with

860

or

result Aconer -later. out yesterday, it would be

As wal

THE NAVIGATION OF THE SONG KHI RIVER.. The ascent of a steamer to okay is an

P

with

If the bulle jof the

terwa... with Rome Biate like Merico, at all events appear to be, the discovery

and that the proposed terate of revision are in opinion awung round in the no interests to surrender and no citizent

tion and it FAL for

but this has shown few.

of

direce

PLY OF THE PEAK DISTRICT.

I this, I thick, abonld be taken aan sufficient benefit by insuring. I ranture these remarks.

and t

R бе

As extraordinary general meeting of the The CHAIRMAN-I may say, in reply, that shore Company was held at the office, Hong- ing of the steamers and to trade gemenily Mr. Siu Tak Fan rather expatiated on the das kong, on the 6th August. for the purpose of You will see that we have ordered a new stener.cendition of our steamers, and how well they are contrasing the relations passed at the meeting The following lottar hos buon addressed to and we have every hope Lust she will fall cruanded, and all that, which I admit, but I held on the 20th July. There were presen the Colonial Sacratary by the Resident of the the expectations of the buildars and of ourados.

· Prak' District -----

She will be a great requisition to the Maos line, remind him that I have been the Chairman Mr. Granville Sharp (Chairman), Hon. C. P. of an insurance company now for many yours, Chsket, Mr. W. H. Ray (Directors); Mesra. J Hongkong, 29th July, 1889. and will take residents to that pleasant stand our greatest lenses bare always been on F, da Rena: J. W. Noble, C. A. Oric. E.

over, there is a very much skorfor time that WR Sin-We had the bonour to addrem, you a

first-class ateamers, well hullt, well commandeel, Burais, H. R. Catewall, J. P. N. da Silva Man- have been in the babit of doing, and we hope that and well fennd. Then again he said that antice ager) and E. W. Maitland (Secretary),

The CHAIRMAN suid-Before proceeding te

she will make a good trade for herself. Sher to of an approaching gale was always carefully ba Halabed in November, I now comblo a

aged.

The amount which we now propors to

We think not. country?

ceeding Accorded

to diagreeable China to Peking Government dare not tear tko existing

5 recognition in treaties and I defy the Powers, but they will the couity of nations denied to herself silk and refuse any and sil concessions to it would be still more bitter if Japan at event of some importance in the history of joint letter on the 14th May on the subject of foreigners, trust their Representatives ea tempted to agiert a superiority in the rela

trade relations with China, The Song-koi the drainage at the Peak, the receipt of which do this stready it eno naught.thay

it seems to us, tions of the two countries at between them

solvos. Although, therefore, the conusat of Rod Eivor when it came to be betiers dinly acknowledged. Since that date, we notably in the cane of Sir JOHN WALSHAM, the Western nations to Treaty revivion known, we fated to be very fur from regret to say, apparently no steps have baan very important paragraph in the mport. It is transmitted from the Observatory Parbara confrm the resolutions which were passed

might be a wooden doll for the in

of Commerce and the Government the imper-which I noticed in an otherwise aconrato - septe he sims to have-and reader the been sccuted, Japanese statesimon may still answering to the expectations which land taken to abate the serious nuisance complained with regard to the insurance of our steaman the shareholders are not aware that that is the st the last mesting, on the 20th July, I of The porious smells are becoming more may as well tell you at enra, gentlemen, tist 1 best of correspondence between the Chamber would just call your attrution to a misprint. residence of

out been formed concerning it froni the reports marked, and we bare medical testimony to the am deridedly opponed to the proposal that we fection of the notios given. With reference to port of the mosting, in the Caine Mail. It foreigners in China as unpleas find dificulties in the way of carrying our of the early French tharellers. To secure efect that some sees of sickness of Dank ru

should be our owit insurers. I think it and the mving, as I said before, our savings may to substitution of one word for ether. tand an unprofitable as possible. The policy for which they have been working this route was one of the principal objects fonts are clearly trocable to desin puisons.

the

business. From a business point of view it is ultimately be turned into heary losses, other. The word efforts" was priated fustead of th Toung-li Tamen may, too, imitating the so strendously.

sation of the French acquisition of Tonquin, but It is now high time that sotion should be ansound, with the small feet we have, to hear wise why should you have the thousands of in word "lona i akre a very decided tactics of Japait, empt to force on aro opposed to the unrestricted sempetition that the garly expectation as the character; takon to remedy the serious defects of which own insurers Had we wanty or thirty mi saranos offloas in the world, if it were a matter diffe arms in the meaning. The scatenas readi matters by evnelnding à treaty on equal of foreigners, se & coneiderable proportion of the river were found to be Fallaciou. we complain, and that the public shoald 5y. I would be in favour of it, but wo havemly of certainty? It is a false saving, because, you add to our capital will enable as to meet the

informed of the nature of the proposed to small feet, and with one or two exceptionthe

times the amount. Under the circumstances the diretors for the "fforts they have made." fine regarded as ofmedies. We are aware the 'Pablie Warts Devels of the company have cost a great da of over know when yen way haw to ferk ont ten bigations under which we are placed a whose safety might be consistent with the. Constitution may afforamsignificant vain trade route. There partment has had an enormous accession of work money, and if we were to lose one or two of I still continue my opposition to doing away. It should be for the lone they have made

ere thrown upon the owing to the recent severe thors, which is quite bosalba. the interese of with the sunrance co our foot jeopardized by being made subject to convenient excues for shelving the subject have been a littin ink traffo upon 15- į storms with which the Colony has been visited the shareholders would be very severely ism.

Mr. BELLING i have much pleasure in perhaps apoka with some ambiguity; 1 fo Chinese jurisdiction. What sort of Jurisdic. for a few years longer.

ចាំផ្ទះគ

It is not only the loss in dollar we seconding the resolution.

tended to be very explicit in polztig ont ex still, as would sopgest, in a matter of auch vital to think ubant, because on losing one four groal

to the shareholders that the Company in the tion that it may be by reading the

Mr. EENDERSON-I venture to suggest up pansion, and two attempts made laat rost importance, tooling as it does the sanatorium EUROPEAN AND CHINESE COM. and the year before to ascend the river with for Hongkong residents, extraordinary aur steamers, which are built for a special purpose,

sions loss of $18,000 and that in order to carry- it may to desirable that the Company should in MERCIAL MORALITY COMPARED. Bull Government steamera proved failures should. he adopted to eradicate the defects the loss of traffic we would incur in the aument to the proporsi just made. 1 think tons of its first year had laourted the verg The Compagnie des Mensageries Fluviales, drainage, even if it went the length of appoint the bas to be thought of, and therefore the time become the underwriters of its our flest on the basis of the Company, the direntors

more carefully should wo seguro

I agree with the Chatemin and Mr. Poseecker of the Company had come forward and with Cur Tientain contemporary has recently however, had a special steamer constructed to ing special officers for this partionlar daty.

While on the subject of sanitation we would against a portion of the risk-the beest that at prosent it would be a risky business, but canotion of the shareholders and advano d 325,000 with a greedy eye for contra or new taken upon itself to prove that Chinese cour make the attempt, the Leokay, a little stern. farther direct the attention of His Exellanoy portion of the risk. It is Lot only the it might be approachest gradually, because it is for the working of the Company. Since that opening

for trade, will attempt to spring mercial morality is in advance of the Euros whell vessel, which has successfully com.

the Governor to the water supply at the Peak. 108 of the steamer we have to consider, but * surprise on the rest by concluding a secret

generally punished very early in their rese. treaty with Chips relinguishing extra ter- article the object seems to be to pleted the voyage to the port from which A memorial addressed to youchell on the matter the loss of trafo. That is a point that has a notorious feat that Rmoteur anderwriters are tie a portion has been paid off, but there still

in work in the following insident: rich man she takes her name, and was hy net is supposed to hare resulted in seriain er possibly not strack yon before.

In my Instead of insurance boing abolished altogether The Hongkong and Shanghai Bank advanced ritoriality. The Groumstances prevailing in of the writer acquaintance, pious, leader in secounts on her way back with cargo rangements being made for the pumping hitherto, that is, take risk of 2 per cent on which the Company's steamere are at present and the Chias Fire Inarance Comsary entus opinion we shout continue to do as we bavedu at once, I beg to propose that the amount for 812000 for the purchase of the farm at Polfalum China and Japan are widely different, The former has done absolutely

Jutely nothing to re-anthropic movements of various kinds, 55 she. Davigabilit the Red River tor of vister to the Peak level; but no date the value of our steamars and place the rest with jagared in local and home offices be decreased † 39,000 towards the purchase of Sassoon's lot on the

C. D., and Oplum, and thai Aborigines,

top of the hill. This altogether makes $38,000. of light was named when this would become oper form her code or pre these/ort of thing and M.Phad a young rela.bly constructed to mere

ard her prisona

yeaaun of the year has there,ative. We think it is due to us that we either Loudon or local ofBoes, as your Boaray at the rate of say 74, 10, 15, and 30 per cent, es-

davide, To be entirely our own insurwtending over a period of eight years, until at Theincrease which we proposesmontato $70,00 disgrace to

tire in bins who had gone to the dogs.

fure been conclusively demonstrated. The should be fully informed when the new air-consider not good busines I expect one if my length the Company becomes the sole ander. Taking out his 833,000, (too obligations" days of commercial competition, it is posThe rich man wanted very mu sible that some. Power may be found to risk everything for pecuniary Fody arring relative home, and offers get hit Losey ended the rapids without any ex- the pressat position of the undertaking Fur. friends here (Mr. Beliliosis going to king writers of its own doet, I don't know whether which have to be provided for this wil les

strongly favour of it, as stengepoken ki say one buat it.

share of additional cow beds and additional cal We sincerely trust that ausk may not prove debta, passage, etc. The pay all traubous, sõDistance, and although she took ther, we would specially direct attention to the forward & zeschution ou the subjost. Haan.one will second that, because I have not no 82.000, which we propose to new in the par

Amount was the ground once, which was not surprising present system of drawing water from existing is very st against it. But althagh Mr. POESNECKER secondled.

éle by which you can see the output of the ascertained, and promptly remisted (it was in a pioneer trip on an unknown river, ale rublis wells. Each bowsehold and each cool may be that in the number of years thom-

Mr. HENDERSON-There is no reason why Company'sprodoca will be rary materialy inoress- to be the case, but there are not wanting very moderate), and young graceless réturs pastaised no damage. Whether the river attends with their various backels of recepto

his But navigable all the year round or dur- ed. Stark will be inswed to pay off the obligations it & rinh brit be dangled before them it may rorinnate Chinese compradata's secount had ing the samurer is a point on which further/tus drawn out; the condition of these bucket lige. sum for premia of insurance, this soaby writing business that may be in itself unpro the 4,000 shares, well and good; if not the of the Company, $38,000. If public applies for not be long before an undignified] not been thought of, and the poor man begged tion must be waited, but in any cassay be all that is to be desired, but the "ohansen is not textand alone in that way. Private merable merely tocase you have a large capital and Directors take the 4,000 shares, ibat is not only. rembio for Sre: place ensues extong the 206 payings before the young gentlenes the prospects of

considerabland svidenega ars the other way. Kerosine tinschauls may say the same. They may say We can afford to loso a great deal Treaty Powers. O tempora! O mores ! Alas!

• was part oft win. promises of trade between Southing the good times when national prestige immediate romittagre, which of course never.) qizin must now be regarded as decidedly the water from the publio wells, ita use babboth for the company and also the insaren that The CHAIKHAN-Tant is no gusto. Ihare the privilége equally with all shareholdera,

graphic article in another column, the facts of which can easily be verified by the curious who care to make the trip to Canton. It is devoutly to be hoped that no Western Power,

for

embarked, but was

(much 20

to

at this

vice is likely to be completed, and also what is

too far off to disturb. bisest: China was made bisere before Mr. ABBA to be discontinued. In some of the weltbere have not been, very heavy claims. That

successful trip.

wator

ramsine su amount due to the directors of $18.000.

have been impressed into service, and in some for so many years and it is so far forante since the formation of the Company?

have been paying insurance, both son and fire,

Mr DODWELL-What losses have there has stook in exchange for their own debt, bat aleo to pay off the Hongkong and Shanghai Bark and Chins, and Tor-hangsholde, owing to the bad smell emitted by

The China Fire Insuranos Compacy. They and honour ranked higher then considere- came

Mr. DonWELL-Could you give us a Too rich man continued obdurate to | brighter than tious of rail contracts and piese gooda! But the Chinaman'a reiterated

ment that would be some guidance F Compared of selling the stock if they please. They take formerly a proper fores pump was attached, suppose, would be the experience of any firms in Chins, otherwise the insurance som-

no privilege or priority over etter shareholders. with what we have paid, what hasa wa rendiyad thisge being at

at they the sport of mess in are, and the sireum-

calm. Не By the Franco-Chinese Trade Regulations which at All events ensured the standse being ve the Far East, it will be well for Lord SAZZE-Would have paid anything in order to attain of 1886 it was provided that in secordance the walls was got pollated. We think would not be the prosperous scores It seems to me, as you spoke se strongly en the but they are willing to take the whole amount spat to knap a bright look gut on the cores his object, but having attained it, mere jus. with the terms of Article V. of the Treaty this system should be at ores adopted for all they will now leave this subject an have subject, Mr. Chairman, you should naturally bare of the slants, It has been very strong arged. some figures to plure before us. I want to know one Directors to leans the stock at a premium, the public rolls at the Peak, and we will be merely now to propces that the rupot and

what wehave paid against what we baverecoited. after considering the matter, the Directors of events in this distant corner of the globe, tice to a bathen did not move the smug of 1885 two places should be opened to trade, glad to learn that the Govaramsat has given accounts of the Board as presented be adepot.

Mr. Yu Sv1 Was rounded.. ona to the north of Inogens (712, Lungehow the necessary order to that effect. We are also

It seems to me that the risk of this Company do not see anything in the present condition of and to this end he should have a representa. Punrisee in the least, Contrant this attitude wight and the other sbore Ingkar of opinion that the walls should be deepened at Mr. Yo Su1 WAN-May I ask, Mr. on their fleet as underwriters would be very little the Company to justify them in inviting the

says the Onits tive all eyes and eare, and not a mera pica- | ton merchanie during the blockade of 1857, (viz., Mangtan in Furnam). It is with the sacs, or there is every probability that a waterman, if the rentance at present covers of eompared with that of as cooan-going Coma-pubão to purchase the stock at a premnim,

Chinese Tives, with that of the Canin

der at bis deck

to clear

A telegram in another column states that counte with ine soreign merchants who bad ther provided that oberens it was twinter-We have the honor to be, dir. your

HONGKONG RIFLE ASSOCIATION.

Carried unanimously.

pany. The losses on a river are notoriously few, but in order to most, the representations which to receive tendere for the 4.000 shares which are The CHAIRMAN No, only the bulls The and we claim that the teet, which we possess in have been made to thom they have determined

partionlarly high class, and we have good com- ownere of the traffic insure themselves. Banders and good crews. With these advantages available beyond the 3,000 shares which are pose we lost a boat, that, together with these of it surely is a great argoment in favour of the allocated to the present shareholders. I the traffe, would mean a very serious amerit.

On the motion of Mr. Vorwst, sedad by Mr. Yu BD1 War, the appointment of emre. Lee Sing, Poon Pong, and L. Poesjokar «as directors was confirmed.

On the notion of Mr. HENDERSON, secured by

of the gentleman who moved the original Proposition. I would ask if any information can be given to usred sykt NA

The SECRETARY handed. Mr. Dodwell a strit len statement.

The CHAIRMAN-I would remark, Me Dod. Capte LEVAVOCE, the Hon. P. Ryrie and Mr. well, that you are a parlaar is a very important

Moms.

who rati risk to evade the blockade in order latter that we are now concerned. By the famine will be experienced during the coming the trafic to reach Hageg

up their ac. Additions) Convention of 1887 it

ebedieul servants Manghao, which

[Horn follow the signatures] Tresty revision in Japan has been suspend left goods is their custody, and then ray on liss betwest: Pacabang (Lackay) and Meug- The Hon F Stewart, M.A, LL.D. i

do not know of anything farther to ed. The reason given is that the dorern which side we the best commercial morality. tau, ls on the direct road between the two

Colonial Secretary, ment has found that the terms accorded to But instances could be multiplied for and placer by water, it also should be apoued to

remark upon, bat although this is a merely formal meeting for the purpose of confrmiog foreigners are contrary to the Constitu- against on both sides. To that because trade under like conditions and that a deputy

the resolutions, we shall be very happy to answer Mangian should be allowed tion in what'

what respect most remain a mat- one instance of failure to meet a just claim of the Consul at

aur enquiries made at this present meeting. adduced against tor of pjecture optil fuller informa-

the Europam and one to reside there. The Frensh, Cond Consul, was

No question being pot, the CHAIRMAN pro- in zeceived..

The Mexican Treaty, con instance of honesty on the part of the Chi-installed at Mengiau A month or two The Fati Challenge Cup Seven ahots each

posed the confirmation of the following resclu cluded on terms of absolute equality, basness therefore Chinese commercial morality doo, and this necessary officers of the Foy at 200 and 300 yards Position at former dist Gomes, the retiring directors, were re-deid.

On the nation of the CHAIRMAN, sendedirm in China, and if you put down your premiation That the capital of the Company be in been ntified. The new Treaties to is of the higher order is an infantile form of age Customs are in their places, so that a standing at latter kneeling or gifting. The strendy

7,000 www moms of sách, and that yourself very much to the good, ta treaty read with the Powers already in rescuing to which we should have thought everything is in readiness for the Inauguri Brat sompetities for Dr. Noble's handsome prias by Mr. ISMATE, Meats, A, 0. D. Gourts andre teas, etc, and year inmrauos, you world and go to the east 91000,000, titulare of

relation with

with Japan were to be our contemporary would have been superior. Cion of trade under the new conditions. Sook place on Saturday, the 3rd August, in Fallerton Henderson were re-elected sides NY. DOPE don't know that we are disrastum of Amediation be altered andordingly."

Carus, competitors faced the targets. As the The CHAINMAN-Gentlemen, the regala basi uning ray standing as a member of any frm BURNIE Léounded and the motion was concluded on similar terms, the temporary Neither of the instancos cited can be re- Formign gods imported by this route arnito shocing bad to te haeriod through darings hrhaf nous of the meeting has now gone through and. We bare le sussider the rood of the Company, angel nail proposed the consreation of reservations in favour of foreignern, ne, for garded as in any degree typical For Chi- pay 70 per cent of the import duties forvals between heary squalls of rain the sece gone through very rathefactorily. I would only and I would paint out that since the formation instance, the employment of foreign judges nese commucial morality we have a very collected by the Customs at the Coast Ports ing was not befilinet, and theup was won with ay that even now, at this late period. I dall be of the Company we have paid, abording to the the tradition That of the mid 7.000 and the delay in the abolition of Consular great respect, as every one most have who in Cisins, and produce exported to Tesquina total of only 54 points made by List Carlyle, hoppy to hear anything that may be mid any Secretary's igaro 3833,000 in premie, and new hare 5,000 be offered to the persons who, jurisdiction, being embodied in diplomatic has bad any dealings with the Chinese, but 60 per cent, of the export duties in force at EA, out of a possible 70J: Carson, P.C. Was of the charteldere parding the pretpets or have claimed $37.000, leaving a difference of on the 24th day of August, 1889, shall be re- uotes, if we are to credit the Hocki Shimbun, it is imposible to institute anything like the Troy Forts. The prospects of a large assed with 51 points.

the management of the company. I think there $530,000. That seems to me roughly to represent gistered shareholders of the Company, in the is little fault to be found with the report. Go-pratty arly three-fourths of the value of out proportion of one new there for each okl share and not appearing in the Treaties themselves fair-companion, beiween it

ing back again to it I say say I think it her feet at the present day. But there is another held by them, and zuch offer shall be made by a It is,

terfered with by the Ascil

of the polior of course, quite possible that there any paar system While Europeans protes to tardor developing have been materially-ia

THE STEAM LAUNCH COMPANY. pors that every shareholder should feel satisfied be some constitutional objection to the be aflanzed by consolanes, Chinnse ate in French, who have deliberately aut tingmuelvas

·LÍMITED.

with. I have only nose to intimate that in di-point that might be dwelt spon. We have notice specifying the number of new ebaren depreciation and insurance Ind of $235,000, which each of each registered shareholders shell granting of the terms in the way proposed, but tussced by connderations of face, and to work to kill the import into their new

vidend warrants will be issued on Tuesday Non What is that for Can you tell, 2, Mr. Chair be extitial to take up, and limiting a time with.. the difficulty, tha

The Arst ordinary meeting of the sharehciarra day being a Bank holiday. That clones tibus man

in which such offer le to be áccepted; and sash whatever its mature, might no many things allowed or condemned by the possession of European gonds ather than doubt be overcome if the desire to conclude one system are regarded from a different boss of Frerich origin by mance of a of the abors Company was wold at the Office, as of the meeting, gentlemen

The CHATEMAN-To ret additions to the acceptance shall be made by letter addressed to Mr8TN TAX FAN-What tight be the sum the now treaties was as great as it has been point of low from the other. It is an in-high protective tarif. The sme principle Hongkong, on the 1st inst. There were present

meat to the Hongkong and Shanghai Banking represented to be. There are indications, disputable fact, however, that Chinese avid will naturally he applied to the transit Nr.D. MoCullagh, (Chairman) BT, Woolley of money we would have saved land we to feet: We are going to pay that away for the the Beretary of the Company and by the pay- Mr. DooWELL-What about the new capital or applied for. The notion shall also Corporation of the mm of 85 in respect of soch however, which warrant a suspicion that an ence in a court of law is of a distantly in trade: If Chine cared to do so she might Dr. Noble (Dirsetors) Mr. A. G. Gordon (Berro-sured since the Company was started P

tary), and a number of Chinese gentlemen.The Chasman shogid kay that is very excuse for delaying the work of revision ferior velusta that of Europests, and the possibly establish a right to have good in the SBOBETARY haytag, mad the notio con dificult quation. We might have and no that is being releed .. Ars you going to ulise cute: that fanch offer be not accepted in may not have heap sltogether unwelcome. commercial; morality; uken nation which tended for Yunus conveyed through vaning the meeting,

that for now steamers, or leave safə P. minner "foresaid the samé shall be deemed to be Now that thê gon) bas come in night iv dom | bui no regard for truth can hardly | Tanguis in bond, or that drawback should The CHAIRMAN said-Gentlemen, you brvG Mr.SIN TAL FAN-How much have yu paid. The CHAIRMAN-I may tell you that a very declined and ell such shares (if any) as are de not appear to bave" the esme Attraction, be expected to reach the highest polar of be allowed on goods that may have paid heard the notis reed conripings, this meeting, annually-something like $90,000 ?

vonaldæable propertion of it has been invested slinid, together with the remaining 4,000 sharon,

of

thing.

now steamer,