1903-07-20 — Page 3

HAMBURG LETTER. FROM OUR COBRKAPONDENT.),

Hamburg, 16th June. THE TARIFF PROPOSALS, Mr. Chamberlain's idea of an imperial customs union with differential duties in favour of the

commercial question but a political one, and that a British customs union with protective taritis and preferential rates will draw the bonds between the mother-country and her children beyond the seas all the closer, and thus for erer strengthen the foundations of the empire.

Will he accead iu converting the nation to his views? It is dificult to for an opinion only thing to be done a to examine the interests involved but in doing so one should beware of

THE HONGKONG DAILY PRESS, MONDAY, JULY 20т, 1908

SHARE REPORT.

Maasrs, Erich Georg & Co. say in their weekly share list dated Hongkong, 18th July :--- Our market remains without animation; the business which ha come under our patios has been of an extremely meagre nature and the long-lanked-for improvement seems to be as for off s ever. The rates on Shanghai are

RUSSIA AND ENGLAND.

In the June number of the National Review we fed the following letter addressed to the Editor from 6, Qual de l'Amirauté. St. Peters- burg, under date April 10, 1963;-

S-It is with very great pleasure that I rad the bright "Episodes of the Month" in

times before, the intention to express you the thanks of a Russian render for your clover and

mother-country in the colonies and a protoclive where national feelings come into play; the unchanged-Tis, 714 for a T/T, and Tls. 71; your distinguished Review, and I bad, many

for a three days sight Private Paper.

BANKS--Hongkong and Shaugknis were

tariff at home is greatly exorcising the minds of the Press in this country. Whilst the more of time to taik abont defensivo messa mistaking Mr. Chamberlain's policy for a rotuva i dono in small quantities as ligas 8687%, but, just opinions about Rusin. I wished also te wodmate papers think that there will be plenty the pan is within mesurable distance of being fundamental difference, that where formerly at time of writing the market is easier and ask you if your opinions are shared by many of Į

realised, Anglophobes and other hotspure, who are for evor scauting danger where puldious Albion is concerned, oro already raising cries of warning and suggrating retaliatory staps in the shape of additional duties and one of them even going so far as to suggest a purtare de parillion only however to discard the idea us

to the old mercantile system. Thore is this

the interests of the colonies were orificed to those of the mother-country it seems as if the reverse were to take place now.

THE ELECTIONS.

The elections for the Reichstag ure, it seems, passing off very quietly here to-day, the result keca geheral interest For the last ten years Hamabarg has returned three socialist members

shares could probably be got at $685; the London rate has advanced to £63 15. Nationale quiet at $28.

MARINE INSURANCE SHARES.-Unions aro

your countrymen, which socurs to me somewhat questionable...

Being a Russiau Nationalist, I am preaching the Anglo-Russian understandinz, because I se

impracticable. They all seem to sgroo more or is looked forward to with cariosity, it not with buyers at the latter figure, whilst the remaining than you: I have studied the Anglo-Russian

quiet at $500. China Traders have been done at $62. 8624, and $63, with probable further stocks under this heading are quiet at quotations. FICE INSURANCE SHARES, Hongkongs Fires after sales at 8:6 could now be placed iti small quantition at $88,

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the boldness, may greatness, of Mr. Chainbat although it is felt as a disgrace by the Are offered in the market at $930, and Chin Cores. In the next your I made a great journey and who made a perilous war against tho

lers that to abandon free trade will spoll rain to British commerce and industry; some adrait Isin's conception, but few believe in its feasibility. Professor Luja Breatave of Manich, an emin ent writer on political economy, bas contributed an interesting, artick on the subject to the Homberger Correspondent, one of our lead ing papers, of which for want of space 1-can, mach to my regri, gire but a short resume. Of the twn speeches of Mr. Chamberlain and Mr. Balfour, Professor Brentano considers that of the latter the more interesting, although it contains no cew ideas. The arguments be

better classes that a great commercial city like this should not be represented by leading men of basiness, it is almost considered a foregone coselusion; and so great has the indifference been on former occasions, that at the lost elections 50,500 out of a total of 181,000 electors did not go to the poll.

TRISTAN DA CUNHA.

SHIPPING STOCKS.-Canton and Machos Hold

and have farther sollers at $381: this Company has advertised its soventy-fourth ordinary half- yearly meeting to take place on the 4k Angust and the transfer books will be closed from the 21st July to the 4th August, both dare inclusive. Indo-Chinas are weaker again with sellers at $98, China Manilas old sorip sold at 82) with further buyers, whilst the new scrip is in domned at $16. Douglases sold at $4. Star Ferries have buyers at 827 and $17 respectively, and Shell Transports sold and have further buyers at £1. 28. Gd.

that both our countries lie under the same danger But in this liroction I accomplished moro of a coming German invasion.

Thus in the dissensious at their local sources. year 1897 I travelled in Chias, in Japan, in in the Northern Corea, from the mouth of Germans in Livonis. It takes much time Tamen-ula riser to the month of the Yalu. for the older brothers to realise that their 1 19.0 I made a six months' cruise between younger brother grow great and strong. Bot ignorantia facti semper necet," and Bombay and Bagdad, and I spent some time at the Sheikhs of el-Koweit and of Mohaminerab, it is a noble task for uvery honest Englishman

It is true that the general politics are minde think, therefore, I am entitled to dispute with to better the feeling of his people toward Rassis. you the cause of the Anglo-Russian animosity.

Among the causes of our mutual misunder-by the statesmen of the strest, but these states. standings the first place belongs ungurstlounbly men, endowed as they are with the trae hearts and the noble propensities, want to be guided to Fersia, with a population of about ten millions. To me, is it our or your fault that by the bonest men of sound political training

and a broad political learning. the fertile und rich Persian provinces are on the shores of the Caspian Sea, whilst her waste and poor ones lie on the Persian Gulf? The amount of Russian trade la Perait, about £3,200,000, is made not in the Southern Persia

but in the North, which forms a natural sequel Lo Car Transcaucasian provinces.

and Truscaspina

If you will find my letter worth publishing you can do it, but pardon my barlarons English, I did not wish to write it in French. I remain,

8. STROMIAZNIEOFF, dear sir, very faithfully jours,

Rédacteur of the Nove Vremya,

A Blue-book issued last month containing advances are chiefly directed against Germany" further correspondence relating to the island hat might almost bear the stamp "Made in of Tristan da Cunha" gires some information Germany" if it were not for their having been of interest about the condition of thisdimiuntive originally borrowed from English writers by oslony, the prinsipal of a group of islets in the German protectionists.

South Alantic Ocosu in 373 deg. 8., 12.19 Both Mr. Chamberlain and Mr. Balfour try deg. W. In January Tristan da Cunha was to veil their protectionist proclivities and pro- visited by H.M.S. Thrush, and Lianteuant Fess themselves from traders, only Mr. Balfour Waits-Jones and Surgeon Lobbs, of that vessel, adds that it depends upon what you under-drow up a report on the island which was stand by from trade whilst Mr. Chamberlain forwarded by the Admiralty to the Colonial declines to commit himself to any technical" Ofles to be laid before the Secretary of State definition of the term. They fully recognise on March 26. The population, says this part, the difficulties the new doctrine will encounter now consists of 76 persons, divided fifto 17 from the views ou political economy now held families or bouseholds. All but four of the of the week are a little oasier and buyers are Lingah, and two Armonisus and two English-Florence, one of the versala of the Spanish |

by a great majority of the British people, That becaue England had adopted free trade other nations must of necessity follow sait is au exploded idea and should no longer be used as an argument, least of all in defence of free trade, for it is at bottom a glen for reciprocity. Ad assertion we are quite accustomed to hear

made by protectionists, that an adverse balance of trade must in the long run rain a country, causes some surprice coming from a politician of Mr. Balfour's training and experience, for only the goods imported and exported figure in the Boial returus, whilst the profits arising from labour, ibe carrying trade by commissions, by the utilization of capital which go to pay for the excess of imports over exports, where there in any, find no place there. The wealth of Great Britain has grown steadily notwith standing the apparent increase in the debit balpuce of her trade, A few guros taken from Sir A. Giffen's book The Growth of Capital will prove this,

REFISERIES-China Sugars have ruled very weak during the time under review; this stock dropped to 594 sales and more shares are on offer at $95. Luzons are in demand at $10.

MINING SHARES.-Panjous ordinary shares sold at $2 and $2.30 with further sellers at the latter rate; preference shares are in demand at 30 cents.

I visited the ports of the Persian Gulf before

RELICS OF SPANISH ARMADA. the first Russian merchant steamer had come there, and I did not tied more than two English

Captain Buras, Glasgow, recently obtained traders in the Persian ports of it. There was German in Bander-Abbas, a few Banias in permission from the Duke of Argyll to prosecute search for the wreck of the Admiral of

mon in Buabire; two-thirds of the English Armads, whish, according to well-authenticated goods sold in the Gulf are imported by Persians historical records, was blown up in the yeer and Arabs. The firm of Lynch Brothers is 1588 in Tobermory Bay. Captain Bares arrived Armenian more than British, the firm of Botzat Tobermory last month end, with the aid of a is Dutch.

I think you cannot seize Bander-Abbas and fortify it, and even if you have taken this key of the Gulf, you would be obliged to surrender it to Buy Earopean force coming overland from

the north.

chart furnished by the Duke of Argyll and dated 1730, began operatione. In a depth of 19 fathoms of water was found what turned oat to be a pistol, It was heavily oncrusted with line, and being struck in the centre it snapped in two and the muzzle of the weapon

was discloned. Soon after the diver at work came upon a sword-blade lying partly embedded

lime. Only a portion of the blade was recovered. A kedge anchor was also found, but the most important discovery was a muzzle-loading bronze Cannon in a perfect state of preservation. It measures about 4ft 6in. in length and about 8in, in diameter at the breech, and bears date 1563. The relice were taken to Glasgow Captain Burns was to resume operations this month. About the middle of the 17th century several pieces of exdnance and other equipments of the vessel were recovered.

DOCES, WEARVES and GODOWNS.--Whampoa Docks after raling strong during the early part inhalátanis were born in the island, two of the not willing to pay more than $16: Kowloon Wharves could be placed at SD. The eleventh exceptions being Italians, who are described as being probably the best educated persons there ordinary yearly meeting of the New Amoy There have been un marriages in the island for Dock Company Limited, was held in Amoy on three years. The islanders, though sun burat, are the 8th July last. From their report for 1902

If the Persian Gulf were your internal sea, I we gather the following gares: The net pro- described as being practically "white." The mon are hardy, but not of fine physique; "the At for 1963 is $42,621 94 (against $46,343.93 in understand that you could protect against the women are decidedly finer specimens than 1901; which together with $403.19 carried for appearance of the Russian tag on its waters, their features are regular, ward from last year, less boas (against but the Persian Gulf is on open een, whose the men; pleasing, end of zomerbat Semitic type. The 311,998.23, 1F83 bonus, carried forward from northern skere belongs to Persiaand the southern children are clean, fat, healthy, and well-cared 1900) makes $43,685,13; this anm was dealttly to Turkey, partly to the Sultanate of There is no with as follows: $8,636.39 was paid to the Muscat. From the trading point of view the for, and surprisingly well-clad.” definite sign of mental or physical deterioration general manager and consulting committee Persian Gulf is only worth £6,000,000 a year, in the sandy button. It also was encrusted with arising specifically from the system of intermer-in commission and fees, $15,000 bas been: added and from the strategic one it is bat a rat-trap. riage. The people generally, suy the officers, to reserve fund, increasing same to $15,000; were very suxions about the education of their

a dividend of $2.50 por share absorbing $15,000 children, and the difficulties attending this seemed largely responsible for the views they be as last year) has been declared and the ascount. Sirca 1896 $13,554.10 has been spent expressed on the subject of leaving the island. balance of $4,548.74 carried forward to new ou extension of dock artleans' houses, etc... Their staple food is potatoes, milk, beof, mutton, and poultry produce, and of there there is an ampis supply, but for anything beyond, the inha In 181 the population of Great Britain and bitants are entirely dependent on passing ships. Ireland amounted to 17 mill inhabitants and the Rats, which prevent the growing of any grain, value of real and personal property to 2,700 mill. are the curse of the island. Fish are plentiful, as Tis: 185, but have since recovered to s. 170rroneous one in so much as it is based on sterling or £160 a head; in 1845 the figures but the islanders are chiefly a farming com- The yearly meeting of this Company tova place the theory of baffer states. This theory, con- wero respectively 8 m., 4,900 m., £143; in 1865|munity. The Thrush," says the report, " took

on the 16th July in Shanghai and the exact tradicting as it does international low, also not contradicis human logic, as it supposes that the figures were respectively 30 m., 6,036 m. 33 cases to the island, all of which came from figures as published in their report are: £200, in 1885 the figures were respectively the Cape; this does not include the mails and profits, including amount brought forward from every two persons not seeing uns another are 37 m., 10,000 m., £270-wages baring during sous books which came from England. She last year nad after paying all charges and insured against the danger of becoming hostile. that time risen abont 100 per cent. The fun brought back 45 packages, addressed to varions allowing for all known liabilities, amount to Tie. In my opinion this old Greek proverb-" from the frequent seeing out another is born the damental iden of free trade is the principle of people in Cape Colony, as the islanders said that. 971,124.22. The interion dividend of Tls. 7 division of labour applied the international unless they could send some of their things to paid in December last absorbod Tls. $86,400, affection among men "is moro true than your

OP more touch-prized buffer theory. trade of the various countries. It demands their relations in the Colony they would get no leaving for distebation Tle. 584,721.22. that the national energies be directed to the clothing." The schooner frado which used to be production of such commodities as the conatry regularly curried on with the island bas come can produce most advantageous's, these or part to an end. It is pointed out that the island of them to zerra for the purchase of such other might in the future bave a valus, should a large goods as may be produced moro cheaply elsewhers. carrying trade be established between South The greater the extent to which this is carried America and the Cape, as an intermediate out in a country the greater will be the profit station for wireless talegraphy; but this and the to capital and labour; sithongh the more urgent occasional assistance given to shipwrecked want of certain foreign goods by a people or people neomed the only imaginable reasons for

the necessity it may be under of selling its own becurring it. The great majority of the people production regardless of price may for the time said they would like to get the island if they bring ourtail the profits. Duties and other could realise or receive compensation for restrictice mesures have but a stert tether, leaving their stock behind them,

for us soon as they become prohibitive, the goods thus affected will no longer be imported, and the population will be compelled to put up with articles wada st home uuder less favourable cirenmstances and therefore, if not inferior in quality, at any rate higher in prios. Such was the doctrine of free trado when England adopted it and by adhering to it she has amassed normens wealth. It was hoped that other

RUSSO-AMERICAN RELATIONS.

tion

$32,155.43 on plant and machinery. There Bee buyers of this stock at $40 cum dividend. Shanghai Farulams, owing to forced sales in the North, have ruled very weak, selling as low

this sum a fzal dividend of Th. 8, absorbing Th. 441,600, is taken, a fortber sam of Tis. 100,000 added to reserve fund, raising the same to Tle, 850,000, and the remaining Tis. 3,4124.99 are carried forward to new account.

LANDS, HOTELS AND BUILDINGS.-Land Investments are selling at 8161; the usual half- yearly interim dividend of $6, payable on the 28th instant, bus been declared by this comm."

panys the transfer books will be closed from the 22nd to 28th instant, both days inclusive. Kowloon Lands have sellers at $38. West Points are quiet at $59; an interim dividend of $11, payable on the 28th instant, has been declared by this company; the transfer books will be closed from 22nd to 28th instant, both days

I understand that you want the Gulf for protecting the flank of your Indian possession against the grasping Russian bear. The control over the Gulf is a part of your Indian policy, Well, let me think then that your Indian policy is

No sensible Russian will advceste the invasion of India. But if Russia bad a port on the Persian Gulf this invasion would become less probable than now; we should have a weak point in the vicinity of Indis, and your flest would never allow the landing of a Russian srmy on the Indian shores. The Russian way to India would always be an overland one.

Now compare 400,000,000 of your Indian subjects, wanting as they do British capital, British learning, British life-giving genive, with 10,400,000 poor and lazy Persians, and your yearning for Persis will appear to your solves ridicalons. Is it for the interests of Messrs. Lynch that you make such a great noise

But the British interests protected by Rusia are thousands and thousands times greater than those of Mr. Lynch.

The New York Tribane of June 15th devotes a leading article to an enquiry into Russo-inclusive. Hongkong Hotels are easier with American friendship and approves the surges allem at $151: Oriente Hotels en be placed at

the Novae of

Now let us examine the question of Man. Yremya that the

$40,and Humphreys Estatesareolainable at $12 Russian Government should publish from

Corros-Ewos are selling at Tis, 25, Làou | cburia. Personally, I am against the annexo- official records a history of the relations between the two countries. That, remarks Kang-mows have dropped to The 49, and tion of this province, but what will you do with the railway built there by Russia? If the build tho Tribune, would be in better taste ned Hongkong Cottons sold at 315, more effective than railing at Mr. Hay's

MISCELLANEOUS-Manila Investments sold

ing of a milway in a foreign country will not be

or than

MR. DOOLEY ON PROGRESS "

In the new bock entitled Observations of Mr. Dooley the following amazing remarks on Progress" eccur in the course of a die- cussion on the matter with his friend

Hinnissy :---

as me Puritan

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"'Tis Progres". We live in a cinchry is progress, un' I thank th' Lord I've seen mcst iv it. Man au' boy I've lived pretty near through this wondhorful age. If I was proud I end sug" Imoen more thin Julyas Cesar iver see or cared to. An' bere I em, I'll not say how old, still pushin' th' mult acrost th' counther at me thirsty countrymen. All around me is th refinements iv mechanical jazías. Ipetond ir broobin' the beerkg with a cluban Hutin Royal Baking Powder Co. th' beer through a fassit invintive science th beer pump. I cheat. forefathers done, I have that wondher is

meelf with a cash reygisther. off th' end iv me good cigar with injanyons device au palit cork out iv a bottle with a centhrivance that wnd'veHE PRINTING DEPARTMENT of the "EONGKONG DAILY PRESS” made that frind that Hogin beasts about, that of boy Areby Meeds, think they was witekoraft possesses every facility for the prompt and in th house. Science has been a gr-real satisfactory execution of all descriptions of

COMMERCIAL AND GENERAL PRINTING. blessin' to me. But aukist all these grasjours here am I th' same ol' antiquated combination bellows an' pump I always was. Not so good.

I cat

BU

conatries would follow her example and for stubborn Anglophilism" and sneering at the at $15. Green Islands are a little easier with no recognized by you as a titis for protecting it. Time has worn me out. Th' years like little : American ustion se "politically lomatic į buyers over $24. Watsone are on offer at $14and for controlling the country itself, in which boys with jackkaives has carved their names in

but it passed unheeded for a long time, the English people being so thoroughly permested by the idea of free trade that they refused to isten to the elamourings of a few interested

I think that Rassis will never interfere with

in th' County Roscommen."

time it seemed as if these hopos were to be

the offensive proposal that Russian realised. After the Franco-German war how-

Hongkong Electrics old scrip is on offer, at the railway is built, you will deprive yourselves me top. Ivry day I have to write off something evor Francs turned her back on free trade, agents should create a party here favourable

Russian uso of the American Press for $12.60 ex dividend and new scrip in demand at of one of your best arguments for interfering fr deprecation. "Tis about time I'r wheiver throat. which the Emperor Napoleon III had favoured Russian ends." Then, examining for itself

Mechanical science has done ivrything fr me towards the end of the seventies. Germany and the history of the relations between Russia $7 ex dividend. Ives have buyers at 8245, the with North Chine, where such a railway is built owns me to wank me off on a

I suppose I ought to feel most other countries retraced the steps and in and the United States, the Tribune can company has declared an interim dividend of $4 with British capital. I am sure that sooner or

find до foundation for the legend of for the half-year ending 80th June. payable on latter Manchuria will come undor Russian but help me. that direction, imposing duties on foreign goods Fassin's friendship to this country. During and after the 28th July, and the transfer protectonite, even at the cost of a war with supeeryer to me father. He ziver see a high

the American Revolution she was coquetting or raising those already existing. Then it was that the ery first arose in England for the with England with a view to an alliance against books will be closed from the 20th to the 28th Japan. The nail of Port Arthur is driven buildia', but he didn't want to. He cuddsn't substitution of fair trade" for free trade, Later she claimed Uregon, and was inst, buth daye inclusive. Steam Water-bonis foto Manchuria, tacito consensu Britonum, and come here in five days, but he was a wise man told that this Government would resist have buyers at $144. Ball's Asbestos have it will be very difficult to your Japanese allies ou if be out've come in three he'd have stayed her designs to colonise there or anywhere

The Monroe doe rips advanced to $8 sales and United Asbestos are in

to pull it out. on the continent. itself was directed primarily against Russian demand at $93. The Tebran Planting Company designs in America. Russia persistently strave held its seventh ordinary general meeting on to maintain a foothold in California until the 14th July and the report mys that the the United States warned her off those shores." working for the year ending 30th April, 1903, New all at one Mr. Balfour and Mr. Cham. As to the alleged recret orders to the Russian shows a loss of $2 470.53 inelceive of the amount berinin take up the ory, declaring countervailing fleet in a certain contingency daring the of $2,087.51 at debit on 30th April, 1902. The American civil war, nothing, says the Tribune, coffee-plantation has been virtually abandoned anties to be the only pancate for British is really known. Equally unknown are the but the rubber plantation is showing good industry and the only means of saving the facta concerning the attitude of Rasais when promise, the rabber gained so far being of an ampire; int whilst the question is a purely Louis Napoleon proposed to intervenn on behalf excellent quality. Powells are selling at $10,

Authoritative and Alhambra Cigars are in demand at $259. of the Southern Confederacy. economical one, almost a mathematical problem, statements on both points would be welcome to they raise another issue by appealing to the to the Tribune, which closes an interesting The Patentees Macniven & Cameron, Limited,

deservo A NATIONAL MEMORIAL political passions of the people, to whom they article with the remark that while not desiring- represent it as a disgrace that they should to appear ungrateful for any friendship Russia for their excellent inventions, Dover Chronicle.

THE WAVERLEY PEN, THE PICKWK PEN.

The Hispo FEN, THE OWL PEN overrate that friendship or build sentimental tamely submit to the growing protectionist has actually shown, it would be folly to of other sountries. Mr. Charaberinin does not fabrics open the basis of legendary relations Bold at all Stationers. Waverley Works

Edinburgh.

(2946-2 hesitate to state that it is no longer a that never existed.”

manufacturere.

Southern China, except Hankow, where one tas traders have settled, and I think that the real British interests throughout China require pect for Ensaian interests in Munshuria.

rest is u bare haggling which hinders us, ove theless, from being on good terms with England.

Eomo carions letters pass in business. Hore in one received ro estly by a London firm from a native of ludia, with whom the firm had only once bad transactions many years It is with

great plessure I request your good. selves to be present at the Wedding of my roa R on Tuesday, the 5th May, 190 (Bindoodate, 9th of the bright balf of the month of Vaishakh, 1969). If your goodssives may

T

PRINTING.

[1657

ALL WORK EXPEDITIOUBLY EXECUTED.

ESTIMATES FURNISHED. PURE FRESH WATER

BOAT CO., LD., is prepared to supply THE HONGKONG STEAM WATER- ANY QUANTITY of PURE FRESH WATER to the Shipping, both for Deck and

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Hongkong, 18th June, 1903

THE AMERICAN SYSTEM.

D

OF

ENTISTRY

Dr. M. H. CHAUN,

27, Des Yeux ROAD CENTRAL HongKong From the University of Pennsylvania, USA

| 76 Hongkong, 10th March, 1903,

NOTICE.

TANG HING.

JEWELLER.

not be present on account of the distance being WAN very great, may I beg of your goodselves to enjoy and share the Wedding Montsly, as is kae REMOVED to No. 10, QUEEN'S ROAD has been Theosophically acknowledged that the CENTRAL (opposite Messrs. KELLY AND power of the soul surpasses the waves of elec. WALSH) and has also kept his old Shop as a tricity, although your representative of this side Branch Establishment, named WANG HING would, I trust, certainly partake of the wedding

Hongkong, 23rd March, 1903.

Your people have seen the very beginnings of our Russian power, when the good chance had driven the ships of the gallant Chancellor to the cold shores of Arkhangelsk. Yonalready had hakespeare and Bacon when we had Ivan the Terrible, who conquered the heathen kingdoms of Kazaz and of Astrakhan pleasure.

& CO.

1472