1902-10-10 — Page 3

HONGKONG LEGISLATIVE

COUNCIL

mpatiu of ty Hongkong Legislative Cougall was held yesterday is the Couuoit Chamber.

Un

FRIDAE, OCTOBER 10TH 1002

*All of karata of: "3.800.

Col

Stamp OPERUAS, 1001 her for Fall and Soop for Viola

This vote was also approved. - On the antion of the ColdTAY SECRETART. seconded by the Corona TREASUREE, the following if I was real Best Hue A Bill titled un Ordinance to apply am not ex coding four million seven hundred and twenty. dollars and twenty-three cents to the public service of the year 1803

The Governor recommended the Comell te vola a sum of $4,100 in aid of the voto of $8,060, Hepairs to Engines, Hose, &s, and Gratuition.

The

#EXONIA NOT THIS GOVERNOR, Bir short time the Colony will have the benefit eight thousand mine Lundred and forty-two Fire. AIRMAN mentionel that this vole

HENRY A. Han, G.C.M.G.DIV

Hop. Colonel L, BROWN, H.E. (Senior Oncer Commanding the Garrison),

Hon, F.K. MATUM.G. (Colox Becretary). Hon Si: HENBY SPAHORE BERKELEY, KS (Attorney-General) {

Hon A. M. THOMSON (Colonial Treasurer). Hon. Commander H. KUMBEY, HAN. (Harbour Master),

Hon W. CHATHAM (Dirvator of Public Works),

Hoa F. W Health)

*** (Medical Officer of

Hon. Dr. Ho KAY, C.M.G.

HO WE A YOKTU

Hon C. 8. SHARPTOMATE

Hoa. C. W. DioKBON, S Hoa, G. W. F. PLATYAJE, Hou, R HEWAN,

MI. U. ÜLDKENTI (Acting Clerk of Councils), **RDE, 2, BAXWAN'S RE-HUBUTION/ Hon. R. Shewall was Kesworn a member of tis Connell, laying been re-elected to represent the Cuneral Chamber of Lomnièrce,"

to

BFLECH ET THE GÖTEBNOF, HIS EXCELLENOT THE GOVERNUz said--Gen- tleman-Since I last addressed, you, there have been many changes in the memberskin of tals Connell, and while I have to exprase my regret at the loss of the able asalstamop that this Council hisgressi ed in ile dev liberations from the Members both flair! and Unofficial who hare vacated their, sunt, I welcome most cordially the Honourable Mem bors by whom they have haứn repinoud, pos soming, as they do, a high standard of lagsi and business mapacity that commands the out- fidence of the community. During my vial

and I had the honote of being received by the King and of hearing from His Majesty's lip lits appreciation of the loyalty that has always distinguished Hongkong and of obtaining His Majesty z gracious permis sion for the eraction of the states proposed to be presented to the Colony by Bir Paat Chate while His Royal Highness the Prince of Wales expressed bla appropel of the erection of his statue similarly, offered by or Belforring then a Member of this Couns. The grave illness of the King on the eve of the Coronation day has happily torminated without permanent injary to His Majesty's health, and the manner in which it was borne has served intensify if that to were posible the loyal attection for the person of His Majesty among his people, who wiming fortitude and the kingly, * qualities of courage displayed at that most trying juzetare. I was glad to learn by alegrams

for a new Post Offies on the Prays was mah. mifted to the Beoreingy of State and on my recotumendation was spoproved, the payment of the purchase money, 8608,000, being made one of the bal nos in hand. A sum of $20,000 for the preparation of the foundations has been placed upon the Estimates and I hope that in of this much needed

improvement. The ordin Ary Bay,zas for 1903 is estimated to amount to and the ordinary Expenditure to 34,581,285 to $4,714,501 leaving detail of $131,206. In addition to this the Enticosted Expenditure upon Extraordinary Public Works amounts to $931,100, while the Estimated Revenite from land sales is 8350,000, leaving a farther deficit of $581,100. The total dateiency to be made goed is therefore 8712,306. It is not expedient. to raise this sum solely from additional taxation, I therefors propose, subject to the approval of the Secretary of State for the Colonies, to rains a Losa on sooount of certain productive Public Works, the total cost of which has been estimated by the Director of Public Works to be '92,250,000, the Expenditure being spread | over five or six years. The sam to be spent on these works in 1993 would amount to $5,62,000 leaving u deficiency of $150,306 to be met by additional taxation. To this amount must be added; naming that the Long is authorisad, Interest and Sinking Fund of Loan 325,200, Additional Military Contribution 361,650 and a Decessary surplus of $71,004 making a total of $308,250 to be provided.

This sum I provide in the following

MADNUT:-

Increase

ease in Split Licences ...8173,000 Auctioneers' Licence, Rilliard

Tacles, Chinese Undertakers, Money-Changers...

3,000

Chinese Passenger Ships' Licences

1,750

Dog Licence....

3,50 J

Marine Store Dealers

6,500

Stamp Duties, all duties other

than ad valorem

84,000

Billa of Health

3,500

Registration of Dards

24,000

Examination of Masters

3,500!

Registry Fee and Sarvey, of

Blean-Ships

+4

6,000

$308,260

Those matters, with the Bills to be laid betery you, I commend to year careful consideration with earnest hope that the remalt of your deliberations will forward the best interests DI this important community, whose progressive egy is made Hongkong one of the principal parts of the World. Applause.)

FINANCIAL.

The COLONIAL BECRETARY laid on the tabis Financial Minutes (Nos. 51 to 59) and moved that they be referred to the Finsacs Committee.

The COLONIAL TRBA UBER seconded, and the motion was agreed to.

The COLONIAL SECRETARY laid on the tabla.

and moved its adoption.

NATURAINSATION. BILL.

A But entitled an Ordinance for the Natur- alination of Taan Hon Cho, otherwise known as Tang Ming Teal, otherwise known as Tuan Yew Wing, was read a first time, on the motion of the ATTORNEY-ÜRNERAL, Beconded by the COLONIAL, SECRETARY.

On the motion of the ATTORNEY.GENERAL, secuded by the COLONIAL SECRETARY, the Standing rders were suspended to allow the

Bill to be read a second time.

The Council afterwards went into Cmmittee on the bill. On resuming, the Bill was read a third time sad passed, on the motion of the ATTORNAY - GENBRAL, seconded by the COLONIAL SECRETART.

he Canneil adjourned till Monday, 20th fast,

FINANCE COMMITTEE,

A moating of the Finance Committee was held immediately after the Council, the Colonial Secretary (Hon. F. H. May, U.M.O) presiding,

MARINE EXPENSES.

The Offer Administering the Government recommended the Council to vote a sum of $400 in aid of the "wote of $1,800, Government Marine Surveyor, other Charges, Cool, Oil, and Rapairs to Steam-Lanchi.

The CHAIRMAN -said this vote, was rendoro necessary by the greator distances which the marine surveyor's launches had to travel. The rocomprehḍation was approved.

MEDICAL CHARGES.

The Offer Adminstering the Government recommended the Council to vote a sum of $6,130 in aid of the following votes under the heading

Medical Departments, other Charges

•Health Offer of Port-

Coal, &c., for launch... Repairs to launch....... Government Civil Hospital-

$100,00

250,00

$.50.00

"

$4,800,00 270.00 260.00

5,320.00

Provisions for patients medical cuinforts... Incidental expenses, &c., ...

Goverusest Lunatic Asylume-

Provisions, de.......$300,00 Government Nursing Institute--

Fuel and Light...

$160,00

300.00

(".

was due to the large expenditure of qual used in the engines, tere being no water in the mains during the lang water famine; and also for coolie Lire in dragging the engines to the scene of operations.

Tho wrote was nanotioned.

MÉTHE GOVERNOR'S PEAK BESIDENGR.

KODAK

PROGRESS COMPETITION.

TO DEMONSTRATE THE PROGRESS WHICH HAS BEEN MADE BY THE

KODAK IN THE FIELD OF PHOTOGRAPHIC ART,

THE EASTMAN KODAK COMPANY

OFFER

The Governor recommended the Council to $1,000.00 IN PRIZES (IN U.S. GOLD CURRENCY), Tote a anaf 13,000 for the purchase of new farniture for “Mountain Lodge” Government House for the current year.

The CHAIRMAN said this was ▲ now house, and it was necessary to furnish it.

The vote was agreed to.

beside you, sir, the totals of all those financial Hon. G. W. F. PLAYFAIR-Have you got

amoante from the beginning of the year, because I understand they are all extra on last year's estimates,

me.

The CHAIRMAN-I have not got them beside

Hon. G. W. F. PLAYFAIR-Can they be given to us at next meeting?

The CHAIRMANYS. This was all the business.

ROYAL HONGKONG GOLF OLUB.

DAPTAIN'S CUr AND BILVER MEDAL FOR

OCTOBER.

The following scores were returned

CAPTAIN'S Cur.

Mr. E. E. Deacon Capt. R. C. Morris, R.A.... -Mr. C. P. Chater

Mr. A. B. Lowson

Mr. A. Boyd

Mr. C. P. Chator

entries.

POOL.

Capt. R. C. Morria, H.A...

Mr. E. E. Deacon... Mr. F. B. Deacon Mr. E. V. D. Part

023676 12 1280 102 20.82 93 687 10918 91

992) 79 92 - 12 --- 84

97 - 16 81

101-1883

104 18 mm 86

$8 entries. PROFESSIONAL PAINS,- t

The particulurs of this competition, which started in August and concluded on the 8th instant, are as follows:--

Round 1-4. B. Lowson and C. W. May beat Dr. J. M. Atkinson and Dr. R. Gibson. The 160.00 rent received kyes. 86,139.00

$2,000.00 IN CASH, $2,000.00 IN KODAKS,

FOR THE

BEST AMATEUR WORK

WITH THE

KODAK AND BROWNIE CAMERAS,

CONTEST CLOSES NOVEMBER 15TH, 1902.·

For Terms and Particulars, apply to--

ACHEE

& CO.,

PHOTOGRAPHIC GOODS STORE,

No. 17, QUEEN'S ROAD CENTRAL, HONGKONG.

DEVELOPING AND PRINTING UNDERTAKEN. GOOD WORK, PROMPT RETURN.

Hongkong, Pad September, 1802. VICTORIA

(884

LITHOGRAPHIC WORKS. 33, WYNDHAM STREET.

CENTRAL AGENCY:~~J. LANDHQLT, Tus Pharmacy, 14, QUEEN'S ROAD CENTRAL.

HE ONLY LITHOGRAPHIC PRINTERS IN HONGKONG UNDER ENGLISH T

PROPRIETORSHIP AND EMPLOYING A TRAINED EUROPEAN LITHO- GRAPHIC PRINTER.

that bonkong, was not behind Lae other the repers of the Finaave Committee (No. 12te the first item thare had been more infooled Tomes and H. W. Slade scratching; W. W. sides these actual acorations due to larger dollar this balance of $435,323 would disap

portions of the Empire la ata demostra tions of joy at the Jorocation of the King and Queen, and i hope that the King's Park then dedicated to the use of the public will in future ke an open spree satiraolive as it will be

The COLONIAL TREASURES seconded, and the motion was agreed to.

N

АРАЛИЯ

Total... The CHAIRMAN remarked that with reference ports and therefore more coal used. Under the head" Government Civil Hospital" the increase was occasioned by there being more patients m Hospital this year and also by there being 8 More deaths in Hospital. Under Lauatio and vader "Gsvernment-Nursing Instituts

ho are two extra Sisters brought out for the Plague Hospital at Kennedy Town.

The vote was agreed to.

THE BEST WORK GUARANTEED. ORDERS PROYPTLY EXECUTED.

CALENDARS. CARDS. LABELS. MAPS, PLANS. [2667 September has been omitted. Buck an The exchange fuctuation count now amounts, estimate must naturally be to a large as you will see from the balance-sheet, extent guesswork, and it is thought better to to $934,828. This accretion arises from the confine ourselves to actual figures at this early periodical revaluation of the excess of gold that there is nothing abnormal in the reeipts exchange for the dollar. When we take away stage of the account. I may, however, stele | asaala over gold liabilities at lower rates of or in the losses since the 30th June last. Turn- $500,500 we shall have left $415,838, which the ing new to the balance sheet, there is to be directors consider an ample sum to keep as a noticed an increase of some $83,000 in the provision against the effect of a possible rise in amount invested in London and an increase of the value of the dollar in the future, it le in- some $270,000 in our funds in The East Be.posible to say erotly at what figare for the earnings there in the great nominal accretion without defining exactly which of our liabilities are in gold on which are in silver, but I may say due to fall in exchange. There is duly one more point that it pcours to me montion.

that the reinsurance fund and nuderwriting I would like to tell you that the directors baro

suspenso aocoaut are treated as gold liabilities. not been forgatting the staff in dealing with

The larger part of the balance of the 1902 The remuneration of the staff is, as you know, cient to state that exchange van rise to 2, d. let to the directors, and in the sxercise of our or higher without this balans being exhausted, discretions we thought it right at the end of A fall in exchange would under precent oir last year, when the result of the 1990 working cumstances still further add to the faad. There was more or less accurately to be calculated, to is no motion before the meeting on this rote a bonus to the Society's servants in the form occasion, and I merely have to ask you to an addition of 15 per cent. of a year's salary signify your approval of the step which it is to the Provident Fund of each member. At proposed to take. Before calling for a show of

are upt upset in the meantime, be able to take of making any remarks they may wish. a similar addition to each member's Provident On a show of hands being taken, the Fund, and I feel sure that the aburebolders CHAIRMAN declared the proposal to be carried the adoption of the report and accounts, I shall will approve of our doing so. Before proposing unanimously. be glad to learn if anybody would like to ask any questions.

valuable to the lahabitants of Kowloon Under 1 & Draft of Colonial Estimates for 1903 with Asylum" there were more European patioutew... 0. W. Dickson and K. MoK. Ross the very fue results of the years 1930 and 1901. I working account is also in gold. It is Roff-

Provisions of the Treaty of Commerce arranged at Shanghai beteen Great Britain and Chise the Inland Navigation Regulations hays been revised in mogordanos with the views put forward by the Hongkong Chamber of em meros, and the Ports Kongmoon on the West River and Watches on fun East Eirst have been opened as Trosly Ports. I congratulate

The COLONIAL SECRETARY laid on the table explanatory Memorandum, the Public Health and Buildings Bill, the Report on the Blue-Book for 1991, and Papers on the subject of the in trodnotion of steeling salaries into the Govern meat service of Hengkong.

ROUSE COLLAPSES.

BALTERIOLOGICAL HORSES.

Round 2-Dr. Wa B: Drew, RN, and the Hon. E. Murray Rumsey, RN., w.o., A.

Ulark and W, D. Kraft bost T. H. Reid and PW. Sergeant; J. Stewart and H. E. R. Hunter boat O. J. Barnes and W. C. D. Tarner; G. M. G. Burnie and C. H. P. Hay,

scratching T. S. Forrest and A. B. Smith beat A. S. Auton and C. P. Chater; E S. Silk, RN., and Lieut. Parker, R.N., baut A. W. Whitlow and W. G. Worcester; Capt. Morris, R.A., and Lieut: G. Badham Thornhill, K.A,, beat J. E. Lee and T. C. Gray; E. J. Geint

C. W. May.

of

you on this:" arrangement for which I bave have recently collapsed were built in accordancs | year, 8345, of four horses for the preparation and F. B. Deacon bout A. B. Lowson and the end of this year we shali, if our calcastions 1 bands I will give those present the opportunity

Hon. U. W. Dreisos asked the following question-Is it a fact that the houses whics with the Building Ordinance in fores in this Colony and were certified by the Director of Public Works?

The DIRECTOR OF PUBLIC WORKS-C-rifi antes under Bection $3 of Ordinance No-15-of 1899 were issued in respect of the following buildings whers collapsed occurred Nos. 123 and 181, Des Voeux Road West, No, 45, Praya East and No. 30, Kowloon City Road.

The Governor recommended the Council to rote a sum of $55 to cover the initial cost, $20 and upkeep for three months of the current of anti-plagas serum by the Government Bacteriologist.

The CHAIRMAN explained that this seram was in anticipation of the plagus nart year.

bet

ÇOK LIESMINATIONS. The Governor recommended the Council të yote a sum of $517.45, in aid of the vote of $3,800 takes under Financial Minute No. 17 of 1992, being cost incurred for alluminating certain public buildings in sonu.ction with Coronation celebrations in the Colony.

The CHAIRMAN said that the exosss here was due to the postponement of the illumina- tions.

The rate was agreed to,

strive for the past five years. Some of the provisions of the Treaty have been adverbly criticised on the womumption that the Chiuse Grovertinsent will be unable to perform the

'The vote was passed thom It must however, obligations #ocepted by betapparant, that inch sumption would **ANTAU KOTORs): whatever, the How are Log Lary to any Treaty Amption that sach of the.com being tracting Fower is able and willing to urry be the oldestions agreed upon. The pear chon que sed great importance so thi lony, der during the year, careful enquiries bare been made foto its wafer- upply, ite sanitary nondition, ils education, and ita «Publia: Works The report on the educational systems is still under consideration That on the Pablo Works Department above the necessity for an Ingros vin Kão Public Works staff, Provision myths Balinates his been made for a portion. the proposed increase i the remainder full under the connderation of tha Bearothe

Love the Colonies. The Trought fallera of the jur the question of cum conication and dist- #bationso Water Seply into prominence, the immediate wault of china was the passing of Ordfrance de lieg darbe subject, unter which it is hoped that white may be checked. Hus apart from the prevention of waste the ting has come when the collecting area must be largely love cared to sobo, the sequirements of en increasing population. How the expend ture is to

provided

tim of tha most zered placed

Hou, G. W. F. PLATFAIS asked-As, in the Colonial Sacretary's reply to any question at the last meeting of Council, he admitted that there were no regula tions on the subject of holding enquiries into collages of houses, and as section 6 of Or dinsuse 17 of 1888 only permits the Magistrata to saquire into cause of death and does not compel him to do so, I big new to ask if the Government will either introduss a separate Ordinance dealing with the whole question or add further sub-estions to clauss 28 of the new Public resith and Building Ordinates making such enquirias compulsory, to be held immediately after the occurrenos and giving wuthority for really hoary fans, and not momisul ones, to be inflicted on all concerned.

The COLONIAL SECRETARY-Bir, on the com- plation of the enquiry now being held the

intter will be considered.

WATEL ACCOUNTS.

BONUS TO DR, LOWBON. The Governor recommended the Council to vota a sum of £300, being the amount of bonus for good service proposed to be granted to De. J. A. Lowson, on his retirement through ill-health,

to this vote from the Secretary of State for the The CHAIRMAN read a lottar with reference

Colonies, who expressed his appreciation of the energy and devotion with which Dr. Lowson had served the clony.

The recommendation was adopted:

HONORABIUM TO DR. CHUNG.

The Governor recommended the Connell to

Round 3-Clark and Kraft beat Deber and Rumsey; Btewart and Hunter beat Barais and Hay; Forrest and Smith beat Silk and Parker;

Morris and Thornhill beat Grist ad Deason.

Bound 4-Clark and Kraft beat Stewart and Hunter by up and 4 to play: Forrest and Smith, wo,, Morris and Thornhill scratching.

Final Bound-'. S. Forrest and-A. Brooks Smith (Jardins Matheson & Co.) beat W. W. Clark and W. D. Kraft (Standard Oil Co.) by 6 up and 5 to piny,

The quarterly meeting will be held from Friday, 17th, to Monday, 20th October.

No questions were asked.

The CHAIEMAN-There being no questions, I beg to propose the loption of the report and accounts.

Hon. G. W. F. PLAYFAIR-I beg to second the motion. No words of mine are required to say anything about these reports and accounts. They speak for themselves, as also does the from the chair. Iam exceedingly glad, however, satisfactory statement you, sir, have just made to see that you have voted a certain amount to the employee Benevolent Fund. No one can

although they themselves are the legal figure- boada, that it is the managers and the staff that are the real officers and engineers to guide the

fore I think that all the shareholders will be good ship Union" through many a stormy Hea with credit and safety. Appiansʊ.) There-

UNION INSURANCE SOCIETY OF know better than the directors themselves,

CAN FON, LD.

ANNUAL MEETING.

Hon. G. W. F. PLAYFAIE asked: WBX voto a sum of 350) as an honorarium to Dr. Gershon Stewart, J. A. Jupp, W. H. Ray, G. / holders' should back up their beartis in ade-

the Water Accounts for January, February and Marah were not sent out till 25th of September? Chung King-Le in consideration of the faithful 14 wilk saplain ister on. (2) With whom does the responsibility for the services rendered by him to the Government A. Finke, W. H. Potts, C. H. P. Hay, J. M. forthcoming year you will see there a very

done mado last year

the

and the community as House Surgeon to the 'ung Wah Hospital, which services had been

terminated by serious sickness.

delay rest? (3.) Is want of a sutfcient staff the for the Colonies the reason (4.) Will on assurance be given that bark Uandwiak, the well such delays will not be permitted in future?

Simpson,

The DIRECTOR OF PUBLIC WORKS-The The CHATRYAN stated that Dr. Chung had

been obliged to retire owing to consumption post y employed in replies to these questions are as follows:-1, rist Bredaring -- (ko| The delay in sending ont these accounts was

he was in poor circumstances and had a wife ited to report altogether exceptional sad was due to the and family; therefore the Council were askor

Hongkong,

following exceptional causar:(1) The severe

to vote this comparatively small som for his drought, which added greatly to the daties of assistance:

The vote was approved. officers engaged in connection with the water- ical and Sanitary works. (4) The risit of Mr. Chadwick, who been tekan nyon required a great amount of information to he on the Water compiled for his use, thus further adding to the the following duties of the officers referred to.

(3) Tho Tapaport delinquency of a meter-reader in zataraing

Supply and fotitions readings of meters, which caused an Adous works which the immense amount of trouble to rectify. L. On proud of Professor the head of the Department. III. Purtly and

Helther the scarcity

the censes already given. IV. Stops

of drainnga ham anything are being taken to expadite the issue of water lirne, Baldonia, which he accounts in fature.

propagation by rate

APPOINTMENT OF COMMITTEES.

VICTORIA GAOL,

holders of the shove Society was held yesterday The 29th ordinary meeting of the share. at the Society's offices, 4, Queen's Buildings.

there were also present-Hon E. Shown, that all shareholders should back up their Hoz. C. 8. Sharp (chairman) presided, and caly too glad to see that god services faithfelly rendera are adequately remunerated. I think Messrs. N. A. Siebs, G. H; Medhurst and G. Hallock (directors), W. J. Baunders (secretary), boards-I do not say this body of shareholders Hon. G. W. F. Playfair, W. G. Winterburn, and this board in particular-bat all share.

Kok at the Government estimates for the Melchers, W. H. Wickham, C. M. G. Burnie, quately remunerating good services. If you R. Sonza, H. J. Carvalho, J. A. Carvalho, J.

large increase in the salaries of the Ciril R. Michael, F. D. Goddard, and A. Forbes.

The SECRETART having read the notion servants. And these are not only paid at the rate of 3 to the dollar but are entitled to 8 calling the meeting,

The

said-Gentlemen, the pension. The inference from that is that either the Ciril servants are overpaid or that the report has been in your possession for some weeks, and I will, with your permission, take it average commercial servant is nuderpaid. as read. The figures we are able to lay before (Applause.) you this year are we consider very satisfactory, but, in compering this year's figures with thos of last year, you must all understand that the

CHAIRMAN

The Governor recommended the Council to increase all ronad is to a very large extent due to the fall in the gold value of the dollar. Last year our gold assets and liabilities and expenses THE attention, of the readers of this paperwers converted into dollars at the exchange of who are in want of a Typewriting 2. while this year we have had to take la 8d. as the nearest round figure fox this расрове. Machine, is drawn to the SMITH PREMIER

TYPEWRITER, one of the best if not the

very best machine in existence,

T

It is especially built, so that it will stand niment kexperta

HIS EXCELLENCE-Before we proved far-hard usage in this trying climate, and with a the Popular ther: I think I had better announce to the little attention will not rust nor deteriorate, 1list too many AGUASS

15 the Council that I have apointed the following

Commitless under the Standing Ordera. It does excellent work, especially manifolding Finance Committee: all the members of the by he is fulty Legislative Council except the President, the Hon. Colonist Secretary being chairman; Law

uzit chinese foumenont

Jasmiitary. 3The

tlemer, havo Committee the Hon. Attorney General All been (chairman), Han, Colonial Secretary, Hon. Dr. Ho Kai, Hou, O. 8. Sharp and Hon. G.. W. F. wills involve a

Playfair Public Works Committee: Hoa. W. they and the

Chatham (chairman), Hoa. E. Shewan, Hon. C. W, Dickson, and Hon Wei Yuk www FIRST BHADINGE,"

sted

at

ba

The following Bills were resd a first time, Jare on the motion of the ATTORNEY-GENREAL.

the seconded by the COLONIAL, SICERTARY --

and is always ready for usa.

be

Currency

Mr. A. FORIES moved the re-election of the Hon. I. Shewan and Mr. N. A. Siobs to the

board of directors.

Mr. GEESHON STEWART seconded, and the motion was unanimously adopted

Mr. F. D. Goodard moved the re-election of the auditors, Messin. J. H. Cox and W. Hutton Potts.

Mr. A. FINEE seconded, and the motion was

unanimously-adop ed.

The CHAIRMAN- Gentlemen, that is all the business before the meeting. Dividend warrants will be sent out to-morrow.

LATEST STEAMER MOVEMENTS,

The C.P.B steamer Empress of India left Vancouver for Hongkong, vis the usual ports of call on the 6th inst.

The NY.K. steamer Tosa Maru (American)

inst. p.m., and is expectel here to-morrow. Line) left Shanghai for this port on the 9th

The H.A.L. steamer Serbia, from Hamburg, felt Singapore for this port yesterday, and may be expected here on or about the 13th that,

The silk er N.P. steamer Tucoma arrived in New York on the 20th it.

"YEBISU." W

THE FAMOUS.

JAPANESE

OF

TOKYO.

PLEASANT.

LIGHT.

BEER

PALATABLE.

PER CASE or 8 DOZEN PINTS ($15

"YEBISU" BLACK BEER.

SOLE AGENTS-

H. PRICE & CO.

of the that the

The CHIEMAN said-Gentlemen, I have not regretted

to bring before you our proposal for the increase regards this Society, it is on the whole to Colony does not maintain a steady ratie wi h the currencies of the countries in which of the Bociety's paid-up capital. It is very asus! we do the bulk of our business. Not only in judging of the standing of a company to in London bat in Australie, in India, in look first at the amount of the paid-up-capital, America and even in Japan our business is whilst a large balance in exchange Anctuation transacted in gild, with the result that, for the Beccunt or other reserves does not convey the

same idea of security. Such a large proportion PER CASE OF 8. Dozen PISTS 816 purpose of comparing one year with, sautas; of our business is now done in gold that we tue pound sterling would be a far more suita:le unit for our accounts than the dollar. The think it very necessary to make up our paid-up shares, however, are mostly held locally, and capital to an account which, when carried eat for the present at any rate it is considered mere into pounds at the current rate of exchange, correct to keep to the local currency in spite of will show a respectable figure to our contributors its drawbacks. However, whether stated in in gold using countries. The effect, as far as pounds os in dollars, the result of the working the shareholders are concerned, will be that the of the year 1901 in exceedingly good. There uncalled liability under their shares will be re- in very satisfactory natural increase both duced from $200 to $150 per share. The directors in the premium receipts and in the profite, have under the Articles of Association power to power quite apart from the nominal increase due to to make a call. They have also

declare an interim dividend if aircomatsuces exchange, and there is a balance of $8180,000

operation odd, of which it is estimated that not more than will permit. A precisely similar $416, 00 odd will be required for outanding was carried out in the year 1800. when M

Bafs of $260,000 was transferred to cap al liabilities and lossen. This learis S41,000 to dan wav, and we recomend that $100,000 of account with, as far as we know, the unani- this he pled to Reserve Fund and the balance mous approval of the shareholders, and we applied in payment of a dividend of $30 per share do not anticipate any objection on the part of as compared with the dividend of 323 per share the shareholders to our repeating the operation. holders should recognise that a part of this in some magnitude, we have decided not to pat of dividend in das to the fall in exchange through the transfer until the 31st December The scopunts for the year 1902 are satisfactory next, so as to give distant shareholders the op. sofar as they go. You will perhaps have portacity, if they object to the proposal, noticed that the usant delimate of the axercising their right to have an extraordinary position of the account as at the end of general meeting called to discuss the matter.

The SMITH PREMIER has an automatic type-cleaning device, whereby all the type is easily cleaved in one minute's tirae. No other maoline has this equipment. It also possesses all the latest improvements that all other writing machines have, besides many others, which will be explained at the agent's office.

The SMITH PREMIER is used by all the An Ordinance to amsad the Tramway Government Officials and Consulates throughout Ordinance, No. 10 of 1902; an: Ordin- dinary save, to amend the Chinese Emigration the world, nise by most of the leading business Consolidation Urdinance, 1889, an Ordinance houses, ano, working in the offs of this ses to amend the Doge Ordinance, 1893, an

Ordinance to repeal the Land Registry Ollee paper. The users will no doubt testify 19 its paid last year. It is important that share As, however, the amount to be dealt with is of (Fees) Amendment Ordinance No. 8 of 1844 srcellence. entitled #An Ordinance to provide for the

of Deeds, Walls, Judgesnis Registration

The Sole Agents for Southern Chins are have taures affecting real of immorable Me WM METELINK & CO., of our

In Hongkong an Ordinance to an

2405 "the" Liquor Licences Amendment place.

and

отовые

of

12. QUEEN'S ROAD,

ON SALE.

FOUNTINGS OF THE NAVAL GUNS and their Bubsequent Use

with the

LADYSMITH RELIEF COLUMN,” Being a Leature by QAFTAIN PERCY BOOTT

["EN" C,B,****

and

CAPTAIN A. IL LIMPUS, R.K. (of H. M. S. Terrible). Ver The book is printed on art paper, and illus- tested with coloured maps and sketches.

Prices

... 31 and $130