1892-09-21 — Page 5

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MAIL SUPPLEMENT TO THE HONGKONG DAILY PRESS.

THE DISCUSSION IN THE CHAMBER OF COMMERCE ON THE SHARE

ORDINANCE.

נו

into activity during its existence. If the

THE LIGHTING OF TONKIN COASTS

“AND THE HAINAN STRAITS.

HONGKONG,

W NESDAY, S TEMBBR 2167, 1899.

No. 1.

HONGKONG GENERAL CHAMBER

feat wg

OF COMMERCE

IMPORTANT DISCUSSION ON THE SHADE.

ORDINANCE, AN

the Statute Book. If it checks the opera ashore and narrowly escaped pawing a total of competition betwean foreign creliauts where in the former Incalitin hay xa baan value of a stock, marshandise, or fauled property business, Several

att que Hainan Stazite. Several steamers

decline

will vol

vrilums of speculation to be gaidated, so will Wa bad balls here during the staro mania an "The secount given of Faji and its hostory ja haar. Eu consequenón of this differeonan in welgbt be secured apparently by the inter-understood and appreciated by the people,: position of safeguards to prevent the pur with whom it has been the chief disciplinary written in popalar sty and is nal gushered of the particles th Yellow Kiver sediment is the aftermath of depression bo. Life has been ayary strong contingent for, and nahody knows with technical detaile orientifs theories. oposited close to the mouth and dree not nully" said to be a game of speculation, id every that better than the writer of the letter himself, business transaction contains the elements of or for what other purposes were the syndicates Italy Hones it will be interesting to all classes of the sea water begand a rits re two from that chaas and sale of non existent shares for for torse for desadee of centuries. It is only with tonal detaile or soientifs theories.loposited close to the mouth and does not nully "said to be

symoulation to a greater or lesser degree. Informed whose unsmagoraful enrar le fora ras. o readers, and the book will form a peeing, we-ju; and us route fone bundred thousand tons The promised deliverince by Mr. Gorward delivery. Happily for the community to be regretted that the bamboo is not ens it will be interesting to all classes of thin The promised deliveringe by Mr. Grothe Goreraient is not likely to consent to more in usa in this Colony. Many offences mento of Japan to visitors, especially to those are brought down daily it is not surprising that ranes the impossibility of obecking speculation possible for then present depression than anything on the Share Ordinanor was safely effected at any wodification of the Ordinance without now punished by a worm of imprisonment who have made eastert of the ginal. This is the bar can soarely be crossed to amall boats, bas been realised. Afters serice of laws in else? Gentlemen, that short-selling her taken the adjourned menting of the Clianhor of good reasons being advanced for such leis would be far more effectively dealt with by not a master of us cont difelty in thees or that the French dredgers that were to cope 1794, 1785, 179&o, in the opposite direction, plass and will take plaos all over the world couple of core atripes from the light days of improved travelling facilities, and the with this pat dapouit vor get into the final conclusion was arrived at in 185; when where trade is carried on I will not deny, but I Commerce on Thursday, the 18th inst, and it lutiou, and with this, comforting belief the a couple of tout case, be no alim's though long is not particularly tailsome, rivor stal. Ons adaptage the Chians cartaku- the validity of hargains for

batalen. There would, in that these future settlement am of opinion that when speaking of thousands Jk fair statement of the case from the decision of the Chamber on Thursday can batuba

more talk of the gual being overcrowded; From fiftien to twenty thousand of the Japanse by derive from the charater of the Yellow River the bourse was expressly recogainut by law. of elares, partienlarly of the more important and teurs point of view. It might well, however, be regarded with equanimity.

admirably built, opuvenient very year was the summit of Fail their sediment-the puriffention of the water for the In Frus, in 1896. 1840, and 114, oporations hoary stocks, hasing beou sold short in thin mar have been thought from the teneur of his re-

nad the present admirably built, pavement Maces, there to pay their devotions to tho Fuji Käspended matter in selling carrier moul im for the groant in the pubiks funds and railway bet, the amouet is very much exaggerated and ly situated, and eminently healthy structura Sapogeo er god.

parities with it and learns the anpernatant liquid “shares were declared legal; but these mensuras has been often in the teagiuntios of the balls marks that instead of a broker he was a lead-

clear and bright and pare: The filter in fact were abrogated in 1880. Aerin this country, so only, who felt disappointed when they could not ing operator on the stock market. Only once

would amply sufius for very many yours to

4 Manchu Grammar, wh Analysed Texts. Bis put through did he speak pronouncedly from the brokers

came for the requirements of Hongkong.

the fiber. To a sertai degrao this is pleaded; bat, as we know, that Auf ta shaolate. When in 1859 and 1890 and oven in the bogias Mr. HANN teative to the efficiency of O: VON MOLLENDORF Shanghai and though though the water instead of the water in Germany, the Gambling As can still be successfully cares through an expofed corner. point of view, and this was when he admitted

31 in which all criminal cases be THIS. Rock is perfusely issued to fill a gap oorge some at losst

the use with the Yaugfase water, snd Shanghai ly ineffectual in suy transactium carried out by niog of 101 large quantities of shares war iin- In a recent article on the failure of the

mauuar that "signing for the concurred." had done

French Government to fulfil its obligations bash dealt with by the Chinese Magistrate, Mr. there being bitterle no grammar of the Man-lag water to this cariens fiet

Mr., work is pertussis iseved to fill a gap,

fill a george some at losst of the excellenes of its drink. daly authorised agents on the Black Exchange: ported into the Colony from London, it was solely Speculation in gold was forbidden in the United due to the bulla rigging the ratou in totitions and a great deal of barca, by CLcouraging French Government to fulfil its obligations the manner in which all criminal cases bey Hongkong: Kelly & Walsh, Limited. a great deal of baru, by cousin respect of the lighting of the coasts and Tear, and to the cordiality he has shown in obu lungusgs in English Ten author, in his

Staten in 1864 and only a year or so ag wa high prices which indoned the London holders speculation by people whose means ነቱ

as

had the fatis attempts of the Argentina of the different stocks to sell out, sad yon dau ne to make it and sir: rivers of Toakin, the Inipendanes Toukin the carrying out of the municipal regulations introduction, talis us that there exist is all about "positions were such as to make it undesir-rivers of Toakin, the Iniliendane Touki Test, and to the cordiality he has shown in able for them to disclose their names."se treats on this question at some length for the good order of the Settlements, but 250 works is Maasbu, searly all of which, bow-

Government to reduce the premium on gold by more bitano the intermedinta door for taking "losing the boars and refusing to allow gold to ap this kind of business that you man a meralını But Mr. GEOTE, in bis efforts to show thut Our energetic Hanoi contemporary pois he has to mourn over the inconvenience, to aver.vtrunr'ations from tho China ThoMon-

Gore,

be quoted. In either case was the result what for baying goodschap at home and wolling them at that nothing has been done to cure which suitors have been put by the cons can therefore hardly be styled a litorasy on- the bills were quite as black as the bears the security of that great commercial arterinud ill health of that capable oficial infinitely her to lenit tona Okiness, and the icial. Lion Bata Manchu, Mr. Mollaudori saya,

was opected, for the punie engendered by these here at as high a ratens be caueblain; and t extraordinary messores sent the premium who has most trede facilities and who is wandered away from the real point of the the Red River, and no steps taken to His torum testes, saya the Consul General, translelinas are a reliable expresion of the

higher than over." Now, I bave taken air of best postal will make the biggest profits. The discussion and only really go back to it when Coneal-General, discussion and only really go back, which facilitate navigation. The notance to the owing to their ignorate of Europe amaneg of the Chinese text, these students who THE MELY TO HA. THE GOVERNOR,

the principal dividend-paying stocks in our principal cause of the depression through which here to the motion he proposed, which facilitate navigation. The notance to the His lorum fomentes, saya the Consul General, infinitely enter to Jenit tona Okisnes, and the

The Chamber of Commeros mat again on the market, v. Banks, Sugars, Stataboals, we have boun passing in that the bulls Lave in itself was an admission that legislation is

Wtoms and the general conditions under which tied Chinese more difficult might be inclined to in itself was an admission that legislation is port of Haiphong, to improve which it was owing to their ignorave of Europeans are reliable expresion of the maksary to curtail the rockleas speculation decided five years ago to cut the Inch-tray business is conducted in Shanghai, hoveder, the Manche transistions a great help. 15th inst and resumed the disqus ion' on the Docks, China Tendern, and Ching Fires, and the bought mora short than they could take which bas done so muele to pauperise this Canal and thus save a long rirent, has never shown therosalves unable to cope with any The chaenetore ma mach simpler, and much working of the Share Ordinance, in sopordance average enturos of them are as follower up, and in trying to ease themselves have boon forcing more shares on the market than it First half your 18897.45 percent. 17.53 per cent. weld hold and thus brought about the much

bnt the simplest kinds of civil cases. On stor to write, we should imagine. To stulauts with the request of 11.E. Es Governor that the First half year 18897.45 percent.?

upon daring. Second

do, 7.60 percent. !

0.7.60 unfortunate Colony. Mr. GROTE would have been even attempted, and the river is a in-hown

euficiently lighted that the most experienced the representation of H. B. M. Conan donat less as the only work of the kind ofmand the period of its operation. There was a First

do. 18990.25 peract.8.52 per ont.grantest sany of

in ratsa Brat; and I therefore maintain that the the Ondicance amende to apply only to the ote from time to time in the steamboats General to the Taotni that the work of these dy if limited sale.

argo and presentative attendance of members. Becond do. do. 50 parent.

grantest enemy of the bean fide inseator is tho hares of Banking institutines and to limit pilots from time to time ran the steamboats the representation of H. B. M. Conan the grammar will be a great assistance, and will Chamber should report up its working

Mr. A. G. Wood oroupied the chair, and Finit

bull with his inflated and therefore fatitions do. 18916.46 porcent. 26.63 te bargains to a period of three months.futothe banks. The Canal do Bambous, which General to the Taotui that the work of the doubtless as the only work of the kind ofmmand the period of its operation working during. Second do,

dá. 6 80 per cent. 6.63 per aut., Mr. Balilios wishes to tenke s ist to there were present Hon. T. H. Whitehead, Snood do, da.. 680 pct. been 15 arrower if slightly al de Bambous, which Generel to the Tan H. B. M. Conan the groeite, we stoak fungi and much working Now, these two provisions, if they had been 18 Garrower if slightly less tortocus than the Mixed Court bad become too heavy a burdenaste dy if Emited sale.

ACROSS SHANTỪNG,

Hesar H. Hoppins, N. J. Ede, C. Jantzen, H. First do.. 18927.04 percent.

gusid against deprocinting stocks, but the in force three years ago, would without river Peiho, is a most dificult arm of the Fenca the incumbent, an assistant was ap kuta kave had a very salutary influence in River to thread even by the comparatively pointed, but Mr. Tear's health bas contioned

insusil and easily handled steamboats of the bad, and the whole of the work falling up RY STOREY E. J. SKREICHLY, F.G.E., MA.I.H. Joseph. H. Smith feembers of Committos), Thus showing clearly list when botle bed the first principle of justice 1. impartiality and Hon. B. R. Bolilin, Mars. D. Gillies, Chan-upper hand in 1890 and 1891 they were the people equity, and why not therefors make a law alishare

Jate of H. Geological Surrey.

trry Inchbsid. E. W. Ratter, G. Slade, C. de who brought about the lower returns to invesines to guard against lofting stocks to -ficti checking the speculation, though they would amid and easily handlet steambints of the bad, and the whole of the work faking upra

juud not have prevented bearing or the sale and which the banks are composed bus none time Frequent in the Shanghai papers,

Champex. M. Grote, W. H. Galcoll, E. and to those who wanted to invest. I bave a tious values at which the crafting public not have prevented bearing or the sale and Cornupondances Phoviales. The soft muud the newly appointed assistant, therealis bare BY SKY B. J. SkeRICHLY, F.G.S., MA... Jomph. H. Smith fembers of Committos), purchase of imaginary shares. Nevertheless of which the banks are composed bus no been very nusatisfactory. Complaints were at one time Erequent in the Shanghai papers,

which proves that right through 1880 and the net like obtaining money under falas pretenens & it is no small matter to find the ablest doubt been the means of averting much hat they have ceased lately, and presumably Travelling northwards frem Hongkong, by Georg. Granville Sharp, G. rou Wille. Lotsfion list of different stooks before me is naked to some forward and bay is this J. J. Francis QC., H. E. R. Hunter, JD Brst part of 1691 there was a steady rise in mont When talking of the boan fide investor who also opponent of the Share Ordinance no damage to the vesacis engaged in the traffic, Grou

gensually, frors offer to now. J. Francis. Q. H. E. Hunter. 3 D publicly acknowledging that some enact but the navigation might be easily in proved the Magistrate has regained his normalhealth. Amey, Fooehow, Ningpo. Stanghai to Chefeo Mendel, C. J. Hirst, T. L. Rose, Julius Kramar, qutation list of different stoors before me is nakest to come forward and any in this publicly acknowledging that some enact but the navigation might be easily improved on the whole, if the Chinese Magistrate bowe pas, parking fee culong, with their Hutchison, V. Cesar Hawkins, P. Dedsell, 8 I of the stocks, but rates wont ever and abors takes alsauces from the Buak. I think the writer publicly acknowledging that some by annaratively small outlay. Similarly reasonable man, and inspired by a dire as cintal beds of dioris and falepar purplice Ser

The of Hongkong

Durphyrice Danby, S. S. Benjamin, Adam Lind (Secretary) their actual value, which is proved by the failing makes a mistake haosues in my humble opinion ment was noussanty to keep the gambling the Indépendance complains, nothing serious to do justice, the Mixed Court system works are the oldest routs of China, the backbus

necessary to keep the gambling

off of the rotaras, or in other words, shares a lavestor is a person who buys with bin own mutuia in some on the higher rasches

anie degres of restraint. Mr the Indépendance complains, nothing serious reasonable man, and inspired by a desire moke The granites of Hongkong with their Hutchison, V. Car Hawkins, P. Dodwell, Srs part of 1691 zbere

The Sendary (Mr. Adam Lind) road the were bulled higher than was warranted by moter sad by taking an advance he becomes a FRANCIS followed Mr. Guore st a run, and the

as been attempted on the higher reaches fairly well in regard to criminal cases no guologically speaking, spon which has been laid notice calling the meeting.

the returns they were paying. Now, gentle speonistor It is rather amusing to listen to Inet bis hearingsri eridenes now tha fuse and time when, in Juk

Mr. GROTE Mr. Chairman and gentlemen, mon, we hire born told by sama of the sap the remarks of Mr. Bellion when he spoke of Inst his hearings altogether. After declaring of the river to enable steamers to ascend breaches of municipal regulations, but in dawn the newer beds which take the surface untino calling the meeting.

the above the rapids. There was a great civil cases it has always been more or less ang far the greater part of this vast empire. before beginning to cater into the discs porters of this Bill that it in on moral grounds the balis nak people who are antic-d that there is no mori eridenes uos than above the rapids

nor sewer volcanie sion of the Shore Bill itself, wish to makes that they are in favour of it, but pleass by the bara inte making pureen by the there was a year age that there was any fuss and much promise of what was in civil cases it has always been more or less any far the greater part of this vast empice.

Nity or cause for the Share Ordinance; tended at the time when, in July, 1690, satisfactory, partly because the Magistrate Tans socks are again seen at Amoy and before beginning to cater into the discus

Taman Buccessfully inadebis decisious. Mr. HANKEN is apparently of volentio agglomerate violds

cosis at Ning pc, where the beautiful mottled for remarks and to contradict cortala state allow me to tell you that it is a bridge to proiting repete given ont by them," and whea 2 apparently of volenti aglomerate visits the fice building ments which if they were left ancontradicted dishonesty which has been built ap. Nething he farthermore tells us that he has not be finished up a long and rather declamatory the river atauer T Buccessfully inades never possessed epficient power toxunce Fochow, are hidden beneath newer volessie sion of the Shers Bill itself, I wish to bake speech by seconding a nation which distinctly the passage of the rapide and reached Laois decisious. MT. HANKEN is apparently of o

mintion which Tenen

suable such opicion that, faulty sa it may be, it would stone whiels de sech braute 46 the arghitse would lonto a wrong itopression with a good in the Bill will present A from selling to bought shares at inflated rates. but has been sdiring the need for some restriction on fleszel bener.

kay, but the work necessary to suable such opicion that, faulty sa it may be, it would volati agglomerate yields the foo building ments which if they were left uncontendicted

that ever not be easy to raise a better system for are of Shinghei; then the land culs dorrn to many people who have heard one side of shares for forward date, without giving quan indifferent observer of the tricks of the speculation. At this point the Chairing a vessel to carry cargo up stream has never

natural facilities as a the administration of justice among the Chi- the brand plain of the mighty Yangiste, to be the question only. Whilst regretting that sobers, and if they are both honest the transation bearing fraternity, but as for his argumen

a very sensibly interpost with a remiyet been done, and the natural facilities as the administration of justice among the Chi-ghs; th

coramenicasin River reith regard to the HANSEN makes secs belonging and a atmilar sering

If the Settlements, since he offers no sevdad by uld argstalline moke, probably of many personalities have been introduced into will go through without a hitch, but if ong of thers SI 20 suguments and absniutely no Lauraotic age, which run all the way to Cilefor the debate by the different speakers, italy the partias takes advantage of the law and ro-resson in what he has said or written. Another that the object of the meeting was to exerest waterway communicating that with

cannot recover damages, but nevertbe well defined object to make a pil. anyhow and With regard to the civil cases that come out the Gulf of Phili, whose corthern shures natural that a mar kicks back when he is kicked, padites the contract, the other side is power phrase in his letter reads The bara ha one press an opinion on the working of the the frontier possessed by the Red River are suggestion on the subject.

behalf of myrolf and the other abarabrokers, less it remains an not of dishonest dealing on leave the Colony to salt but what is tus object Share Ordinance, and he politely begged unutilised. We must confess but this

ravelling inland a elmilar series of wash is members of this Chamber, protest against the the part of the man who repadiates. But even of the balls; do they buy to lose! Or are they thom to keep to the question and avoid per fellure on the part of the French Authorities before the Mixed Court, Mr. HANNEN makes a Manchuris and Obibli are largely made up of ad von will therefore pardos me whee I, en les and control the other side is power phrase in his letter reads: The bara ha Taboalitios

in Tankis to releem their pledges and to some interesting remarks on enses in which belonging to the airboniferous system. The speakers above mentioned, in, their satisfy theists it to say the least, some-

Takin to Jaleem fer plads to Chinese bara contracted with foreign wer-found, the granites being overlaid by crystal-constant and most unwarranted depreciation of when uuaters are given, I will quote you a cass, philanthropists who buy solely with the view of The speakers above mentioned, in, their satisfy the wishes and expectations of the

ohants to procuro for them from Europe con-lin schiste and gush and quartsites, or our opinion ugid our vote with regard to the Bill which has happened sinas this law is in fores, assisting their fellow-creature, the capitalists French louists to say the some anxiety to use the tu quoque argument

least, so signments of goods on commission. Here which again lie the carboniferous beds, with Gentlemen. 1 am sure every fair-thinking which will show you the grast inagnity and in and holders of stools, to jucres the extan of against Mr. BELTLion, apparatly lost sight what surprising.

LIDA, argument French to and excar at to me interestlegend Mr. HANNEN

elinot Daring the past year, owing to the full-patches of oolitic rock here and there, yielding man must acknowledge that we have a much faste to the seller, even when he, kes a con- their investmental I need not say much more re as any as of the fast that whatever they proved but

But the elect unfortunately is a against the balis would not, exonerate the cons

the confined to the river parigation of the ing markets, and the steady depreciation of as in Kastora. Shantung beautiful fossil fishes. right after member to 'expressar Erant in strict accordance with the Bill Agarding-Me. Beliling' speech the ethor days "silver, such gonds op arvival have fre. North and bid hian are buried to a depth opinion and to vote ca a macre deeply affect sold to B for several months abced certain mest points have been wait to iu my re contract is A Suds out that B is in a dea that a merchant in selling goods "to trars. The public at large care nothing on Padarnu 10 Honday there has been

care nothing country. The coasts are le antighted;"silver, such goods op arvival have fre. North and Mid Chian are, baried fr

"beer"quently proved unremunerative to the Chi-or beight) of a thousand foot beneath a strange gear constituuts and imeselves, the montares with numbers,

af whether there the bulls or that whether the crisis was brought abotu from Padurun

auo,and in places by wide girsicles offing marire nst be in many respects superior to outsiders helpless muddle and utterly nuable to clear strice" is bound to give marks and nambers. effort male to provide against the responsibility, and refused to take delivery sands. Newest of all am the posits of the Yang as sales

whe toke prly very little interest in the share his shares, but he is bolpless to do anything I nie ware that must of the gentlemen pe sapt be the ion of the bulls or that of the an

bulls or that of the effort, made to provide against the "ness purebaset, who has tried to evade bis deposit of loam known as lucas, of which more 60 as our knowledge with regard to this tutter comes with numbers, some time before the marks, but I would like to correct the seron bears. What they are conserned to know is dangers of navigation. The Indépendances, and refused to take delivery sands. Newest of all am the posits of the Yang, whe take prls very little interest in the share his shares, but be

end of his goods on various frivolous pretences.isge, and strangest of all is the total absouce of business. You might just a wall day the with this particular lot till the due date, na lees will agree with my statement that in sale that a series of disasters on a scale of waxes insily indignant, and take, with no 15 ssos instances, the foreign merchant any stretos et ausriel matter derived from the merchant members, of the Chamber the right the shares, being already epid to one man uro to arrive" generally the time limit of arrival

the Chinese as applied to the its isolated and stard

to voto when a querentile question is before us, unt at his disposal to sell to another, and in the goods is only gives and frequently tafore unprecedented magnitude has he little force, how they can expect the Chinese "La such of tafore unprecedented magnitude has he Government to do their part towards light the terms of the contract or for pertains, weathering into rounded masses, which to sauke ont-itat it luna had a beneficial irinence log. Now lat o burn and

The renitic rocks rite in bell hills and moon or the Beukers when finacial matters ars under a declining market he onu do aathing bat look not even the name of the ship or steamer, bat fallen the Clony, the outgrowth of a pro- Government to do their part towards light has applied to the Court either to enforce Loang To.

the torms of the contract or for permais. longed spell of the unst reckless gambling ing the route between the Tonkin aksion to dispose of the goods, and an order taing, weathering into rounded masses, which discussion. flow the supporters of the Bill want on how his capital is from day to day diminish certainly no marks and numbers of the bales,

have off tunes become quite isolated and stond like to sauke out int it has had a beneficial induces g. Now let us turn and look at the picture packages, or boxes Gentlemen, whares which was tanned

white heat by and Hongkong while France is oblivioussion declining

ntb to her own obligations? Yet with the pay the liquidated lose thereon. I have bonklars agree the bilkides, or lie embeddeil in on our stock market. I am at a logs te auderstand from the other side a lot of 50 shares has gone detain you any longer, and I to not intend to the aray of brokers which had been called ofties become cuits isolated, and stord like to take on itat it has had a beneficial induer.co

large and increasing traffic between Ton frequently pointed out to plaintiffs in suce the well-known decomposed gratia," giving rise in for many years wo have not had as low quot-through half a dozen bands, being bought and deal with Mr. Sharp' serio-conia attersaces, this is eminently de-cases the beerssity of their demanding mong the uninitiated to crude and curions conations as lately, and though this is partly dns resold with namo and numbers, and the first because he bits too far away from the mark also to alter eaunas there is në doubt that the seller ta nubis te doliver, not only be but all to bring him within the 100ps of argumentation Share Ordinance will impose impedimentsin and Hongkong this is eminently de-from their clients sufficient bargain money features as to their glacial er velesais origio also

haldursbare Bill has saisted materially in the depree. the other parties are liable to answer in beary zbout the Share Bill. If you have the interest to & renewal of that desperate game, in sirable. More than two years ago wa

hich the interests of the many are sacrificed called special attention to this subject "to cover any probable loss, but have been Splendid oxas plea of the spuriors harldara as bare Bill has saistei inaterially in the depre- the other list

subject met with the assurance that the keuress seen all about long. Kowloon, un Amrying of if stuks. It is only natural that the damages, and atili it was a perfectly legal of this Colony at baar, gentlemen, and the bass speakers in support of interest of stockhaldars and investors in gun- to those of the few, then let it remair unt the time the M

the few, then let it remain on at the time the M. M, scamer Arethus stat" met with the assurance that the keeucess seen all about lingk. Kowlock, wing of af stuks. It is only natural that the

as prrots of glacial action must depresists if you do noag with the damagd, the base expressed their opinion that feral. I would ask your kind support to the anbaergence, or danglon, and at Aoy, where and it is an old rule that prices unst fall where tbare should be no apsentation in shares; bat, allowing amendment, which I bay much plea- ould they were described na voiesis bomba barled the supply is larger than the demand. En, gentlemen, they surely don't intend to begin on are in proposing That is the opinion of tions of the bears it will equally restrain the loss in the Hainan Stanite. Several steamers renders such a course impossible. Still, in ipointed out to us as preofs of glacial action must deprecists if you do away with the dawand, efforts of the bulls to difficult |

inflate stock. We have been lost when anvisting this diffiori fairness to the Chinese traders, I shoula anbergeuse, or clamation, sind at Auroy, where and it is an old rule that prices monet fall where

"point out that cases of repudiation of con- fein deud craters now un'acable. As a matter wrestlenen, it is also a principle of national edo this little det in the ocean to reform the world? the Chambar it is desirable to costia Orain- neither want to the shares cuuselessly do and dangerous passage, and many more will neither went to indatel. Let the standoffectively supplied before tools have fortunately, as was born lately as it tropicked contrast to shares cuaselessly de probably shared. The want, however who where on here is taken into consently in

and dangerous page, and many more will pressed nor uudioly inflated. Let the stand probably share a similar fato unless it is "tart merely because the venture has turned of fact these boulders are simply barder numy that the market in general and the propor. Whers would the trades of the world be without anos 13 of 1891 in so far as concerns tas shares willou unprofitable, are extremely rare, masses of granite which have without the tion supply and dewend will their Joint Stock Companies, and whors san sach of banking institutions, but to nyelude frour its You will fell me perlators? Even the investor, who in temple or centrants for forward daws be limited to a on their own merits au that investors may effectively lighted. The want, however, will

pplied before long. The" when the immense business of the kind dieeniving retea si the elements; they or level and without any such legislation companies be floated without the axistance of scope all other shares, and that all time bargains feel assured, and bruge exactly what thy Chinege Lobeir duty in this portion this column, there has be

vestors may we believe, he supplied before long. Thored on here is taken into consideration. either of frost-bound eats, or changes of t Latina Act proves the entrare,d by considerable advanes of his stook to tell period not to oxceed three months frair the time how they we believe,

Chint of t are doing. There shuki, of sourse, be no Chinege Loperial Maritime Customs have carried on here is taken into consideration." either of frost-bound eats, or changes of this Share Bill. You will tell mascalators? Even the investor,

have nor that Eathau's

ly itchiness of the silent fross of raia nud river, of but not so, us that Art has been out and harvest Iris profit, targa in to a speculator of their hing entered into." (Applaus).

Hon. E. R & B rosu to spмk, but the interference with the law of supply and de- not lost sight of their duty in this portion Unfortunately, as we remarked recently in level, bar Toluanic entbarets, but are solid wile but that is net 20, the entry, ed by s considerable advance of his stook to tell period not to ozceed three months frain the times

uge has to be down business which has led to tropicebowers and barning swak and chillynicles made for different reasons altogether--not to by suck an ast. This Pazacial News in the Hon. H. R. & Blin mand, but we fail to see that the Ordinance of the Chinese seas, and the place has this col, there has been lately an itch

In marked contrast to the galling contours find a level for supply and demand bat to protest some article very properly remarka alant Chairman painted unt that the amendment bad to, back

ver-trading. In marked sand of but that is Inway restricts legitimate business. ban surveyed with a view to the to be dong business which has led to tropicebowers and barning suas and chilly biens made for different reasons altogether-or Indeed, we buro latterly had good proof that tablishment of a light on Cape Cami or disastrous competition and over trading. of this granite series are the jagged and grid the Banks trelit Beatlemen, if you think it speculation. There is wearonly an article de una not bean s800aded so far from this being the case, there have sotes equally favourable site, but the work which has not been confined te Hongkong hills and mountains of the crystalline se stessary to retain the Bill for this purpose, lat object in which trade is carried on that does not Mr. J. J. FRANCIS, QC, then rose and said---- resumably until the or China, hut has extended all over the Far, which beautify the inndscape with every varies as do it by all means, because we surely bure all attract sporulation, and nowhers in the world is Mr. Chairman, and gentlemen, my trisud Mr. and noder has been deferred, presumably not the hind, been largs purchases by investors, and nude completion of the lighthouse on Waglan. toe Merchants and traders must live, and being tough enough for other millstones theyless the trade fra us being. It has been spaach the other day ref

East. How this is to be rectified it is not easy of es and peak and sierra, the racks things res the ante istotostant heart, and that is to improve legislation mob as we hav bare in Hongkong Ginte has asked us to second his preposition the bad state of affaire in the Colony; but do considered necesary to protect either investor, and Iries to second it solely for the purpose of it, twisted, and crumpled as though instead the influence of this bealthy demand the Waglan..

Fatin order to do so they must do business. If being tough enough for usther millatones they way with the legislation for other stocks and balt or bear. Gestieren. Nr. Beldres in his putting it before the Chamber, boosung

leave the trade fra us befog. It has been speach the other day tet rred us to his letter of boud to say in the first phase that I do not values of stocks bave revered to a oursider- Naturally enough ther regard the latter able extent. Mr. De Bovis informed the work of most importance, though as a mat-in order to do

Very different again are the limestone hills sarrested by some panple to extend the 25th June, 1891, which appeared in print, and think that as are called upon to make ung Testing that more applications from allter of fast it might and should have been that business is over-done it becomes un-ar plastic na dong b parts of the Waist for succes in the Boats left to Hongkong to provide; roore expreispitable and eventually the struggle ends, of the carboniferous eystem with their guth is to insurance shares alea, but these I have takes the truqble to read it again, recommendation, and I do not know whe

shares in the Hour

Wagian is a geographical depenas do other struggles, in the survival. Lexare, fretted into picturesque castellated ran Companies take care of themselves by re- and I must say, knowing what we all know, ther I agres with this view of the matter if stricting the transfer of thair, shares is very interesting study, after 15 months the Chamber has any recommendation to offer. kong and Shanghai Bank had been made as Wagian is a geographical depen-a

Looking down from any of these heights in you think it right to do something to check are passed by. On the fox of it there is My impression is that what no ar aked to do during the Bank had been made Hongkong to provide, und have been that business is over must do business. If being during the past month than in any derer of this Colony. Tant the Im-if not of the fittest, of those who have parts, and canning la log fires along the dip month in the course of the past twenty years.perial Maritime Customs fully intend to the most backing. It is, meantime, greatly

to the credit of the Chinese merchants and North or Mid China the eye wad-es over vast forward sales for distant dates and thus curtail a string, prejudice against hosts," but why is not to give our opinion as to what the Govern This is a sign of a recovery of confidence, proceed with the lighting of the Hainan to the credit of the Chinese merchants and North or Mid China the eye waad-es over vast forward rates for distant dates and thus cartsil This is a sign of a recovery of confidence, traits there can be no doubt, and we only exchange and dull trade we hear of so few lapse of the Famic, rining up through which ranaths bo du fored illegal, as bringing us who do not like

Ha dealers that in thego hard times of low pinins racting far beyond the horizon, stretch-reckless speculation, I dm sen yen will meet should he write with auch bitterness and 29nt ought to do and what alterations in exist Bod we trust it will prove continuous. To

up people? I can ing legislation they ought to asks, but to report slapse of the Pamir, zining up through which instance, tine hargains for paried exceuling 3enty magine that he is like most mortals what has been, ss for no or hostedge ander ensure this it is desirable there should be a hope it may be undertaken with as little exchange and dull trade e hear of so few indeed beyond mysterions Thiket up to the with s general sapp st.-to recommend that, for harances against this ches of purple

possitia The French Government, casos of repudiation of contracts. What stated hithe and ranges reef the view ikinatbs bo lolored legal, as bringing us who do not like to lose a gatas, and vary for perisace goat, the result of the Share Bil dar reat fret disturbing influences during which delay as possible The French Government, casos of repudiation of contracts. What of the 'amic, tining up through which instance, tize bargains for paried exceuling 3 anty sagino that

on its part, will then for very shame be the Consul-General says of Shanghai applies islands in the sea. Nor is this: comparissa narez the union of the London Brock Exchange people can do is with good race. To stop ing the last twelve months. I think I am crack the workers tuay amass savings, the timid

ball of compelled to do its duty by Tonkin, and pretty closely to Hongkong and Cantoo, ideal one; ishuile they once wers it the old sea sinoorely trust that we shall also be able to do synvulation altogether is impossible, for it would in that view. This is an application made in the inventors regain courage, and the ball of compelled

regard to the signing for the concerned," which safe to any hat It is not until it is discovered information which is at its disposal, what has hope be set rolling. We do not suppose take

take is hand the lighting of the p- where the natives have learnt to value which covered thus plaids and lapped the spare something in the Stadtbrokers Association with mean the priveation of all business; yet it is Chamber to ascertain from ite members, and frors

up- commercial good name even above dollars, of the Himalayas.

Through these great phine wind the water will feickly dit has done a great dual of that business has reached a dangerous condition been the reaalt of the Share Bil during the there will be no speculation in the future.proaches to Haiphong and Houpas. To thoroughly realising na they do its oradit there will be no speculation in the futhat end we trust the Tonkin value in the world of fuses.

thoroughly realising

ways; not in regular chapels, as we are so harm and has no doubt enemaged spaniation. thrangh over-speculation that it is realised twelve months If I am mistaken in that view The Orinasco will not prevant, tuit. papers

customed to saa rivers in ether and are fami- partioularly by people whose means and positions, that speculation bas gone beyond its proper of the applicatias meds to the Chamber perhaps will be possible for the financier to till deal will keep on vigorously gorging away with.

lar lande, but in brand, saaliey, generally tera were such as to make it exlosirable for them to bounds, sad then it is too late to save the the Secretary wall correct me. What has been, largely in ancks and make most money reminders to their Government until the work

porary boda, wo bottnus, strewn with grey dixlose their names. Well, restless, we all position. Bat the curious part is that metr. then, the operation of the Stare Bill eince it was. thereby. sc

Limestone pebbles. bok from afar like pleasant lave bought cur experienes dearly and let y si legislative attempts have been made passed, or in it came into forse in Ostab There is nothing, to prevent the is commenced in good earnest. Of course we

take a forson frou. It has been said by the with the object of destroying the one, anfe list? I feel perfectly certain that there is no ent have The Volcances of Japan. Fart I. Fujim. By stress, even whee, as is mostly the case in take speculator buying for the rise and selling are aware that the French Government have

the desert supporters of the Bill that the "bars" were guard of fascial affairs-namely, the bear. It man here who has any knurledge or experience half-reiled bostility of when he sees bis profit. That is not ille to contend with the half and have diff

JOEN MILNE, FRS., and W. K. BURTON ST time, they ben dry on the desert supporters gitimate business. It may not be beneficial the Frenels people to Ton exits for this

Ub. Colllypes by R. OGAWA. Yokohaus, Several times was 1 drive by this appearasse cererily depreciating stocks held by in-conceivable that in critical times false reports, of what has been going on in the shave Shanghai, Hongkong, and Singapore: Kelly when now to Shantaeg, cad to the und was gestors during the last share gambling macia est about by those who desire a fall in prices, market and foamsial coles, who can say for the community, but it is profitable to culty therefore in obtaining erelits for this

and Walsh, Limited.

stangs in doubt in strange phone till I saw the but I think I as prove to yes by plain figures may bring en a panic, and do great injury go that it bas had any feat at all eropt Whit has been the stat the capitalist, and cannot be regarded as possession, bat if the money is judiciously

always valan his stocks in accordance with the ished perpis for snob deeds, and it would do no months or 0. objectionable. What smartain is ille expended it will certainly vield & good re-Tars to a most interesting work, and if the an-spinches glisten in the sun, or the sand-ample that this is Lot no. A bona fide cantor will perally. In Frauen there is a law which pan-ia one direction during the pass twelto gitimate businces, the learned counsel's turn ultimately when the resources of the there are able to complate it should prove as puff from the foot of passing men or males. opinion notwithstanding, is the sale of shares country begin to be opened up. China, ton, valuable as it is interesting. Japsa is such a Two great rivers also reverse the plains the noual turn be river and it stands to harm if there worn a sitailar measure in this of the share market? When it was pass. by individuals who do not posscas then, the is doing her beat to disgust stay-at-home centra nf seismio salivity, and the terrible earth-Yangtse, the great highway to central and reuson that he prefers seeb digores which country. But it does not follow that no one ed shares of all descriptions were low ea- purchase of stocks by others witbeat the Frenchmen with Tonkin, but they would quske last year, almost unprecedented it stolenes westen China, coures of fertile del lands and will give a big dividend. and to avoid should be permitted to sell a bar becaen soms of carb, and since that date they have been fall- so so are unseropulous. The ing steadily, and they has been dawe for the such a profound section alt over the world that laraer caine for navigation, with no fed cheat purpose the Teresor's only at gaard Se the sument-If it be worth calling on argoment-last six months at the lowest point at which of beer The Londen Financial News of the has equal if not greater weight as applied to the they have ever been in the history of this money to pay for them, and the sale of indeed be fatuous to allow either Chinese the extent of the damage caused, areated a blessing everywhere, and the Yellow River, of detitions and inflated qautstions, and for that those who have dona

leter them scientists in all equntries will hail with interest for the last three hundred miles, the cause of her." shares on time under the cloak of anonymity raids or natural obstacles to deter them by directors of banka or companies on in from the task of deraloping a rich country a publication giving a description of the valsances durustating onds and old with erad truth durch bs a well-written article set of ball party. It might be arged that becausa A colour and they steadily remains. It has formation which should not be thus dis in which, notwithstanding Chinese brigan of Japan, hedly dealt with by able writers like Ubina's Sorrow Rising gear to each other in which I shall give you a few short sutenas, a basing bought for a riss, spads n faise foport beer with the greatest difficulty that evan honourably utilised,

dage, they have now acquired a firm footing. Professore Hue and Barton. more especially Kakener, the one going north the other south they are as well adapted to our one as if the of e favourable character, which induces ethers for the best and strongest stucks a pre- when the work is illustrated the faultless words, these two rivere dilfor greatly bash in article had been written for Hongkong: At to purobase, and results eventually in a low to chaser has been found. and the market bas The conclusion to which the meating

style of the work before us, Japan is truly & their adonia vairs and gavicgical paralinities,regularly recurrent periods-usually just before thens, no ball operations should be allowed boos in saab state that the disposal of 109 finally arrived is a safe one if somewhat in-

and of volcanoes, and our authors think it might The Yenglaze, riescin its water the de- or just after a fincaciul.cr commercial crisis, As a matter of fact, the line of the bhile da fari elares in any particular stook has jumped the keluar. Mr. CHANTBEY INCUBAD, who

well be ebristened the Cradle of Terrible Phono tritas of thouars of square miles of land, when it far too late for the application of more harm in the long ran then the lies of the market ap five or ten points. If I am overest moved to ask the Government to refer the

mone. En this country, they aptly remark,hes formed hure delta deposits extruding anu-any remedy we have a sentimental outery bars. They induce thoughtless people to into saying that that has been the state of the matter to the Chamber again at the end of

sial pleasantry and ustaral terrorism exist side rods of its inland from its mouth, and "aguast the wickedness of specxlution At suchvost ad lose their money; wherees, all the bear market during the past twelve months, how can six months, helves that by that time Mixed Court at Shanghai is attached by by sido, sad althout every boar, in one part of filed up the shall that sea spread over this time well-meaning but narrow-lnded people ish sourse in the world exn have but a temporary it be said that the Stare Bili sins it has been en Hurt fertile region it which isolated patches of "densed in the interests of what they esil morali infimence and cannot affect roal merits, whet, put into operation has b.zetted the colony in the present stringency will have passed Mr. N. J. HANNEN. II. B. M's Coneul the expire ar snother, there away and that a general all-round im General, to his report on the trade of that gata, whilst solosses which pour out clouds highland teattle for islands of the formerry the utervention of the law to prevect the Boeser or later, mest t 11: Yet we sautinually the least degree, because I am mare that no one af steam, exist from the Kariles (literally in joost. Vast garutitibe of med are carried out andate and lossen which inevitably result from bear bear raida denounced, and the pubile will my that during this last twelve months provement will have set in financially. We part for 1891, and it embodire some interest-of stent, Brist

it embodire some interest English The Smackers") is the north to sea, where they bully the waters and give over-spooniation. Just now we are passing zentiment, for some pealt rensen, is distinctly or at the present moment shares on be mach sincerely trust this prevision may prove ing information. He says that the criminal to tabiu la the south a distance of pearly origin to the name Yellver Sea, which the through such a period, a witnees the endeavour advares to bears. The resolution just pand by lower than they have boon! Bars" have not correct. But however that may be, and and police casos darlt with by the Mixed 2,930 ile The distribution of active orifices its pouliarly, nut to las Yellow River in the country to prohibit dealings for future the committee of the Madrid Stock Exchange been "boring" to put down slares. It wa hacerer may be the position of affairs in Court show a stel for the year of 5.600 as they say, approximately as follows In the but to the "Eiver of Gokles Sauda." In Fe."delivery in pig-iron warrants and the resolation sea remarkable instones of this anti-bear foaling to stop their operations that this Bill was March, 1898, is to be hoped that the agtidst 5,999 for 1899. The census of 1885 Karile, 25; Ye, 25; Rozebin, 96; Kishin briwry I found the water perceptibly disonoured with reference to bear satse recently passed by It provides that a purchaser for futuro delivery passed and yat shares have gone down day Chamber will see no reason to recommend gave a sotal native population of the foreign and the sonthern islands, 13. In the ones of a far month na laL 273 der. some 35 mile the committee of the Madrid Stock Exchange on a given day may compel immediate delivery by day and see new at their lowest point. the abandonment of the checks which the settlements north of the Tang King Pang about ou of these, a flag of steam tells us that from the mouth of the Piror, and in MarchThe attempt to make people moral--that is, in from the seller by giving forty-eight hour Ent it was said by the opponents of the Share Ordinance bas imposed upon illegi of 125,665, and the census of 1890 shored internal fins have but recently burst tarnish as far north as lat, 31 Ter.. making a distanos" this tourection. to keep them trois speculating notice. The gross unfairiess of smoke-rule.-BEI- befars it was passed and when it was 163,129, or a the rooks that held them under, whilet 39 by of some 60-miles along the coast. Berards beyond their mean bas elave been, and al carried it to practice, is obviera. The seller, who at gulor consideration that not merely would that of shares that did not exist or the selling of timate speculation. The moment which that this hat, increased to 168,129, or their graceful curtatars and by their symmetry the muddy waters ert au to a distance of from ways we fire s

their graceful curtatore and by their symmetry the muddy waters ort au to a distance of from ways be a failure. As far, book as 1612 the time of the contract thiuke ha hasteo or three Bill check the "boaring" of shares-the selling this sort of business creates is artificial and yearly average of 8530. Taking this in of torn inspire painters sod posts, and temel files 15 miles, being influenced by the cartents. Dateh la forbade the sale of shares not wonks in which to procurs the stok while the seeming prosperity is delusive; the procrease into consideration, and bearing in mind those who investigate the meaning of theso ont decadenally the passage from the transparent posed by the seller at the tune of the has to deliver, may find Ove minutes later that shares by men who did not awa shares to deliver fils made seldom have any real existence; that a large number of the the cases were lines lessons of seisatifié and utilitarion values water to the m. day. Tangteze water is "ale; in 1697 teannations having more than be tas only forty-night hours in which to do so! but it would also injure the legitimate business they are on paper only, as many of the classed under the head of nuisancea and Esterally the authors, he related Fajin as quite sherp; and even the coming tide was be three days to rou were made illegal by Eng The sole reault would be that no one would all regularly done in sharon. So far as we can go, speculatore e me to know but too well offences against municipal regulations, these the first volcano to be described. The Perlens een pasting back to dirty waters All this isb low. Yet these sauces did not avail stock which he did not possess at the time of by inforsace and by experience during the past when they attempt to realine. It is the figures show, as Mr. HAYNEN remarks, a Mountain stands out alpha and military in un sediment falls near the mist and forms sind." to prevent the great panic in Holland in 1764 the sale; in fact, it would effectually prevent twelve months, what has been the result? Of rivalled majesty and beauty, and literalty com- banks and shook and at no distant date the when the Neufrilles failed in Amsterdam. For all bear operations, and then do away with the course it stopped "bouring," but has it not also very fow who profit in this game, and satisfactory decrease of crime, mande priority of moties. Who that has ene girding Cansan Archipelago will be ensloced

0163 V munda priority of natics. Who that has enes girding Chasan Archipelago will be enlaced the South Sea Bubble nach 1720. Later on, chief cause of the stability of markets and the stopped your legitimate dealing la shares e- inch capital leaks away in bank interest, considerable proportion of offenders," adds seen Fuji pan ever forget it, or longer waner and stant shillanborou jais like the highlands in 174, Barnard's Act prohibited options in negotiability of stocks. The public will wat tirely. The absolute fret is that all dealing in brokerage, and stampduts. Why then should the Consul-General, were not residents but at the passionate admiration of the Japanese for in the Yangtose valley. Shanghai will then the public funds and gambling for differences, understsed that every bear male strengthene lures has stopped dod during the last blue or we seek to restore the old condition of strangers from diferent parts of the ex- their matchless posic F. The ever changing con, be a tene inland town, van as already its name and, Anally. Leeman's Act, in 1857. forbade pro tends the ball position. Had it been can monthe, and sisares have gas steadily down things with its periodical seasons of inflationpire, and the practics of the Court of late ditions of climate and atmosphere.vortiacally facing the songket its signifosace." bear sales of bank share-the last two possible in esl beers at Argentines, wa should day by day and month by month. I am per- and panja? What is wanted is a steady has been to direct the police to photograph reveal new beauties in this wonderful mountain Doubtless during the years from the Ifth laws being mo especially dirented against the not now he wighted down by the Murrieta and footly well award, as is story gestioman hore. market: not too sensitive, liable to head voreely and doport snob offenders to their homes which for more than half the poor is robed in centing til about 1814, when the Yellow Liver "Lears, whose operations were supposed to damage Baring commitments. The fall very possibly that the causal position of the Colony affected by nafavourable rumours or reports," at the expiration of their sentences, Par-dasaling ease, and eceti ander any sepact is flowed into the Yellow Seu at. Ho Hvi in the matinal credit. What ifxt have they would bare been as grant as it was ont the re- and the financial position at masas of the or to be an or to be wildly excited over an unen."sons so dealt with render themselves liable, equally grand and graceful. The charm of Fuji Kiangss, it contributed its gants to te over" had? We have had money jaries in this purchases of the bear world have enabled the residents of the Uclony has of course interfered wildly excited over a 2048 60 dealt with render themselves liably is not in its light; it is loss than 15,000 test growing banks, but the fact still remains that country almak every twenty years, and free malisation of masses of the stooks for which no with share aperations vary largely. We know pected pasca of good news. The retention in case of their returning to Shanghai, int curiefly in its flos contour and its appro- the Tellow Sea is born of the Yangtazo and not queitly more often, in spite of this legislatice. bayers on yet he found Legislation to that there have been shiutely no buyers of Iv 1772, 1799, 1797-hua the Bank of England prevent either Bulls or bears making profits shares, and possibly my possiblythat, and of the Share Ordinance will secure the application of the bamboo, and re- priste setting, tho Hakone mentales sorraad of the Yellow liver an

The sediment of the Yellow River diffar suspended cash payments and thran petent, hy legitimate means is all very well; that alone, may be the oss of the cessation of this steady market, and the growth of its deportation, and this mode of procedure ing it serving as a foll for its proud proportions prosperity will then be real and not fictitious. has a very salutary effect in leeping away and throwing in relief its superb orost sad far from that of the Yaugtis calour and in the Consoly fell to 51--1810, 1925, 1856, 1847, 1866, bar to forbid bort sales aly wokens share business. But init probable! So far as sian of ite soapotent parts. Whereas the uso.. En every age of thee enses the crisse was the paaltion which it is intended to assist." I can ascertain there is no evidence one way or When stooks appreciate in value, the the criminal classes who are attracted by standing slopes

But we might go on for a column writing of pedal matter of the Xagtezo is a dull brown, al caused by over-speenlation, which if we the Ke, Bellion, maya-Bali invariably have wanther, but one thing is perfectly certain and appreciation will not be likely to

he likely to prore

"the wealth sad opportunity for plunder were sudden inflation; it will reproseat & "offered by the foreign atticments here." the beauties of this noble mountain. Like wary most impalpable materiel, remaining log in eas result of a prior period of great prosperity. E means, but bears" need have little oak; and that is that if this Bill had not been in force things in Natum it mit be seen to be appropenzion and parried for pat to san sud aluug 600 actions after a period of inflation are ablater on he seyaz The bear le linkis to be is it likely that share would have gone down to solid rise tempting to investors and reassur What happens in Shanghai would prevail in thug do trair adeirable phototypes mellan of cart. Is corresponding matter of the "sciate necessity. The higher the tousion and parmured here, however; with no ball to cops the same position as now, would there have

olated, the

in: Now, gentlemen, I have no hesite Thers in no evidenco whatever, I wy, to w ing to bolder. We want to see the Hongkong if the ewe methods were adopt in this work help the der as few illustrations Hwang Ho is of a ruddy yellow linge, and comthe longer it is kept up the greater most be with him the bear can play with the market as been the same est in of there business? that the passing that Share BUI stock market in a perfectly healthy and ed. The argentum bacaline in a patent could do to form,scary good idea bath of Fup's paratively ears Yellow Riter water settles in the fez notion; end la proportion to the k

glas in five minutes Yangtags water takes an extent to which it has been carried and the tion to mying that this statement is incorrect, normal condition, and this can only and effective one in Chius; it is thoroughly gros sud proportions,

воед

I

*

THE WORKING OF THE MIXED

COURT-AT SHANGHAI,

A memorandum on the working of the

REVIEWS.

and

of