1905-05-19 — Page 3

G. II. Polls, A: G. Stakes, II. E. Eyre. W. H, Gaskell, T. Arnald, Ho Fank mail Los Cheung Shin.

THE GERMAN EMPEROR. -

THE HONGKONG DAILY PRESS, FRIDAY, MAY 19тn. 1905)

CHARTERED BANK OF INDIA,

NATIVE NEWS.

The notes following are takon from the Shanghai Daily News ----

AUSTRALIA AND CHINA.

WM. POWELL, LIMITED.

The Slet ordinary geord meeting was helt There were present at the extraordinary

INTERESTING LETTER FROM LORD IONSDALE, ly

on April 19, at the Cannon-s rest Hotel Sir A statement having appeared in a we general meeting of this Company held at the premises of the Company, Aloxondra Buildings, journal to the effect that the Earl of Lonsdale

On the 31st April (Buth ?) thuro died at the during the past year they laid ound a healthy it upon yesterday, Mess. W. H. Gasleell was lodges in a privata hotel in consequence of A SHANGHAI BANK COMPRADORE. Montagu C. Turner, who presi, said that Ningpo Road, Mr. kisi Cheu-fu, the well-known mit exception. In spite of the torridi visita- (Chairman), E. A. Williams (Sveretary), (4, his lordship having remarked that he thought Murray Bain, J. W. C. Hunbar, G. C. Moxon, I himself quite as good as the King of Wurteni-age of about sixty-four, at his residence on { stato of truilo to exist in the East alot with.

burg," a correspondent called Lord Lonsdale's

Bank hero. Mr. Hai Chen-fu loft considerable attention in the mister, and has received from compradore of the nongkong and Shanghai property in real estate, and a largo portion of him the following remarkable letter:

his funds were invested in local industrial cos. "Dear Mr..I beg to seknowledge the

The decad was receipt of your most kindly expressed leitor of corns, while he was wingincipal pacser in As regards the abject to two native banks of repute. the 14th instant,

mative of Tungting Island, Talin Lake, many which you refer-namely, my et mon by the Gieramu Eup-ror during the time I was at the Souchow, and lustres several grow-up sous, als

One of his brother maneuvres in at other tios when I have had at whom are a moved in the Hinge the honour in his Majesty's guest-I have and Bhanghai Bank here.

is the compralore of the Chartered Bank, and read the journal which you quote, but from

another enpits the same position in the Lusse the description of the article in your letter 1 asorme that it is takou front a book, ontitled, Chinese Bank here.

The Private Lives of William II. and His Consort, which is absolutely incorrect in every conceivable way. It must be svidunt to every- hody who reads it that the book is not written, us claimed by any lady of the Court, or by anybody contented with the Court, for this

AN ANTI-CATHOLIC NOT IN FIANGSI.

པ་་

vion.

ously.

NOTICE.

E HAVE THIS DAY

REMOVED TO No. 17, QUEEN'S ROAD,

when

8

our Former Address,

LONG. HING

& CO..

DEALERS IN PHOTO GOOTS.

TRADE

TELEPHONE No. 135.

MARK.

suffering, that country had had a year of tion of piague, from which India was still Premises formerly occupied by Mr. F. BLuycg, silk Inse manufacturer, and Next Door 19 exceptional prosperity, both as regarded her import and export Trade. The reduction of -bio tra cuty by 21. per ib. wanki -is

very important industry in India, which deserved The CHAIRMAN after the notion convening

every stemragement, both at the hands of the Itt a British Governman's. The present the meeting had been of by the Secretary

tongkong, 4th May, 1905. suiti :---Wo have convened this moving for the

in the average. In spite of the war with Ras- purpose of obtaining your sanction of a stall

whas and seed crops, it was hoped, would be up si, the rede of Japan not on y maint ined it has been an unsust feature of the financial year. increure of capital. We find this step necess

normal level but showed an appreciable expan | Besides taking a large slice of twa Japanese | sary on argourt of the continued increases of

With regard to the bank's accounts, hejaus, a Cuban um unda Mexian Loun have oberved that they were of a satisfactory chọn

ben appropriated by the New York Busnojors. business, and the consequent heavy stock of gordin we must cessarily carry to mont

A Nanchang, capital of Kiangai province. Without making any specite promise. With verard to the raport which you any asked past to adapt to-day, I wont remark that the LE The present financial position of the company is very rafisfactory, our fakings

dispatch stares that Governor Cheng ilsün of the directors hoped, all things bing wall, to b that city box received a report from the district "ble next year to deriare a slightly higher

uomoly. } per cont. In suciasion, he move can, in lead, congratulate the shareholders for the ten months to the 39th April

anti-Roman Catholie riot had occurred there

war of such magnitudo is present showing an increase of 13 per cent compared

magistrate of Wantsaibai, staing that an dividend then that new proposed to be paidar's business been of a satisfactory nature. in progress, ao at the comlatauts being Japan. in which country this bunk has large your. In regard to the increase of vapital. I feetly wartellous. Although I have had many in the destruction by fire of a number of houses/by Mr. Ewle Lorita, and agreed to mania- with those of the corresponding period of lot falsities and inaccuracies are sousething during the later part of last month. r-salting / the woption of the report, which was sueandedpon the results, specially in a time like the i

lestars on the subject. I have never befor

The Money Market Review, on 2nd Apr and increasing business iransnetions: We have and the wounding of tauty.two

so far stored clear of losses, and we shall con- would has to say it is the intention of the thought it worth while to contradict them; for belonging to the tission, the death of ene

tinue the same careful and watelital spirit which But the letters never see the contradictions, ant

in, nid: My first remarks to-day must have has regubted our dealings in past directors to make incrences from Gne to time I never contradict lotters, au thong who rinkotiters. Among the last category are Boveral gate the following report of the Chairman's reference to one who for a considerable ting those who sew the contradictious think it was who injuries are so serious that some of them pre-Sir Mataza Cornish Torner, presio necessary to contradict something, and it draws may die.

past has been a prominent figure at aur met competition grows apice, margins become finer, business watsarily be multiplied. In their attention to something that is inaccurate,

During F. Viceroy Chou Fu's absenceings and hus filled the offices of chairman and and to ensure reasonable returns the volum But, as you have asked me point-blank if the

from Nanking the duties of his office are being raging director with so much credit to him other words, the turnover must be double or treble. This, of course, involves an extension story is true, 3 have not the slightest hesitation in saying that there is not the slightest ne

attended by H.E. Huang Chiotan. Lelf and with such successful results for the able and enlightened Provincial reasurer of shareholders. I refer, of cours, to our esteed of cur ri-kordinary and legitimate risks of PER CASE OF 18 PINTS...

and valetal friend, Mr. Howard Gwythur, who intsiness, but which have to be fared, and must eurney in it of any sort or kind.

I have always received the vary greatest singing. The last-named official to retirement from the board of directors was provided for by un increase in our reserve. increased from $129,900.00 to $150,000 by possib'e kindness from both his Majesty and the viceregal yamen every morning to lock over

After some forty years ardons

11 measure of or the creation of 3000 New Shares of 819er Majesty und the who's of the Royal family petitions, reports, and dispatches addressed to asented in the Fress at the comm acement This gentlemen, is our justification for ad-

whenyor I bats had the honour of lining their the Viceroy, and transact all business coniunctel of the awar

arrived when ka must -nek a neaxeo of répony reengnise, I trust, 84

We have recommended a hous to the staff, which, in view of the guest. I have never in any cost, kind, or way therewith, except such as is of great importance Inbour Mr. Gwyther sidered at the time hai ding to our serve, and our action will be

and freedom from the care and responsibiliti dinary prenos received anything but the greatest hospitality requiring the Viceroy's personal attention

stenin-launch. with steam up, lies ut

absence of a bonus last year, is by no means of office, and this could only be effected by retire- and marked civility from everybody nounacted fast

feet for Hsiskan risidy to start at any hou

meat from action service. I need kadly"

way chut with the Cont or in Germany. There is no

are that this will meet with les arty approval Majesty the German Emperer, and if there is a for the Viceroy. What with his own multi-

the Superannuation Fund for two reasons. faalt at all in his nature it is, perhaps, he is a farionis duties as Provincial Treasurer, H.E ability and tact imes oubled the machinery of

the first place, with the increase in the bank's little too English in his ideas for his country-wing Chien-knau has his hands full but his

of shareholders. We have aided £20,000 to

transactions a, larger-staff becomes absolutely men.

State to go ou without a bitch, sr that

necessary; and, secondly, as years roll by the pnumber of Loose who will becoms eligible for absence of the Viceroy from Nanking has been hardly noticeable

We

as the growth of business may warrant. think it essential to maintain a study divident en a moderate capital, and to add naunally to the equalisation of dividend fund." With those few remarks I beg to propose the fellow ing resolution ---

That the Capital of time Company be

eneli.

Mr. BA's menuded the proposition, which

was carried.

2-Tint such New Sharsh off red to these

AN ABLE LOCUM TENENY,

perses who are register as Shareholders finer nature in the world thau h's Imperial | Tsingking with thews importirt dispatches his flow directors received this decision with excessive, and is thoroughly well earned.

of the Company on the First day of July. 1905, in the proportion of One New Share for overy complete Four Shares held by their on

"We hear continually that he is building -the-First-day-of-July, 1995.– The proposition was seconded by Mt. T. ships to compete with our Nasy, which is absolute nonse He is builing ships to ARNOLD, and carriel.

defeat the trade of his own country, and if there That the nmount due for the New Sharos bois a fanit it is on our side for swaggering that we are bailding and maintaining a Navy that calied upon the Fourth of August, 1995, and

will be oqual to any two Powers, which I that the Now Alures rank for Dividend, with personally should have thought a most undiplo the origirl Shares, from 1st July, 1905, Mr. G. II. POTTS Hendled. molely

Carried untai-

The CHAIRMAN-That is all the business "before the weeling, gentleman. There will bo a confirmatory meeting of which dus notice will be given in order to confirm these costly. tions. If there are any questions you would like to ask on this subject. I shall be pleased to answer them.

Mr. BAIX The shareholders, I presume, aro

all in the Calony. Will here be any diffienly in getting the money, and getting it up to date? The CHAIRMAN-No, we do not anticipate any diffienlly. Those who are away we have already written to, asking them to arrange with their Eausas if they wish to take new shares. That concludes the business, goutleroon.

THE MERCANTILE BANK OF

INDIA. LIMITED.

matic statement.

"Noboly takes greater interest in diplency

Ia

the voy greatest regret, for they fully appre bark, the sound an sugarious judgment into Mr. Gwyther's great services to the invariably displays and his antiva lad ex- exchange banking. At the same time the recognial t' justice of t de ison and the... pointer in all matters relating to-Eastern XIANOYAN DOCK AND ENGINEERING WORKS, right to enjoy that tiun cum dignitalo" to Reference has already been made in our which we all aspire but so few of us atria. columes to the changes which are being made With the sidesty so characteristic of the at the Kinngutan Arsenal and Engineering man throughunt his if M. Gwyther Works. The two enterprises are in fatare to express the wish that no sparist native taken of his set meat bat be couducted as entirely separate affairs, and should be

your directors consider it their duty to Get while the Chinese Government will continue to

which cannot be maintain in times of management, pass the following resolution as the board dividend, rather than rush up to a point the dock and engineering

this building fral, the amount wet aside is not i nsions will inevitably increas. As regards excessive, in view of all contingenciest. Then

C very earful consideration at the hands of us to the dividend. The mufer knew me ivel Their policy is to me and The rent p carefully and cautiously, to maintain a steady

and the welfare of England than his Majesty, rus the scezal isder its prosent becomes, į meeting of January 4th lag, which was recorded dressed trade, and so prove disastrous to

int naturally, where the interests of his own country aro concorned, he would be very far from doing his duty wore he not to tako sides) for his own country, and I think this is the Fame in all games, whether it bo cricket, font- bull, or Imperial policy. The captain of the team is responsible for the result of the gamo, and if he tuissed a cutch in the slips he would very likely lose his matel

"I think this will answer your letter, except as regards one point, which is, perhaps, not exerally known to the public, that, when on Inaneuvre, all foreign offers and the staff itself are billeted on the towns, al, as a matter of fact, I have never once on bilisted at an hotel. I have always boun billetal in the most mugui caut private bouses, where I lure received the greatest possible kindness and hospitality, often so much so that it is embarrassing.

at the end of the present month, and under the on the annals of the bunk The chairman title given above, purely commercial under- having reported to the court of directors teking in which Viceroys Ynau Shih-kai and that Mr. Gwythor bad requested him to convoy Chen FR are joistly interested, it will stil!, his farewell to themi o resigning his set at of course, be entrusted with Government work, the bard and retiring from the bank at the indeed one of its first tasks will be the gradual end of 1904, the sanonnement was receive reconstruction of most of the vessels of the with the tempest regret, and it was unanimously Piyong squadron, the Commander-in-Chief of resolved to express to Mc. wyther the which, Admiral Yeh, will be director-general of directo s bigh appreciation of his great surviena the new Deern, with Captain Woo as director to the bank during a period of forty years. auder him. In this connection it may be man. The dir etors recognise that the hig position to Mr. Gather's ability and aceasing care of tioned that it is probable that in the near future attained by the bank is in a great measure su u post-captain of the British davy will again be appomated to take charge of the squatron, and devotion to the interests of the bank, and bolding the same rank as Adinita Lang, who they fervoutly hope he may long be spared to rotired at the outbreak of the Chica-Japau war, enjoy the rest he has so thoroughly earnad." A. letter, was forwanied to Mr. Gwyther and I and the fleet is to be reorganised on a more copy of the resclation with an appropriate hara reason to bliere, was rereiv.d with the grotest satisfaction. I am glad to report that daring the pad your we have found a houlthy sate of trade to exst in the Est, uhaost visitation of plague from which India is still. exceptional prosperity bath us regards her import and export trade. That Financial Member of Council has been able to show a handsome

modern basia:

those who are dependent on their disidends from her investints in the tank. making any definite or specite promise wo hope. gentlemen, all things bing well. in meet you declaring a slightly higher dividend than that! next year with a report w ich may justify our which has been recommended for your arcvpt-

unce to-day.

LLOYD'S REGISTER SHIP-

BUILDING RETURNS. Lloyd's report for the quarter ended 31st March, gives the following figurya :-- - -

TESSELS UNDER CONSTRUCTION. From the returns compiled by Lloyd's Register of Shipping. it appears that, excluding

tons gross under construction in the United

TANSAN

PER CASE OF 100 SPLITS.

TANSAN

SOLE AGENTS-

H. PRICE & CO.

12. QUERN'S ROAD CENTRAL.

$6.5

8,00

40

SPECIAL SALE

AT

ROBINSON'S

OF

PIANOS, PIANOLAS, MUSIC AND MUSICAL INSTRUMENTS

PREVIOUS TO REMOVAL.

"In Berlin bis Majesty has a right to certain rooms, and his Royal guests and all guests nse these apartments, na heing more convenient to thom thon living elsewhere. The comfort and Rawsthorno, the senior boiler-maker of Messrs. without exception. In spite of the terrible Warships, there wero 174 rassals of 1,251,343 hospitality not be exceeded. I might also point ont that I think that there have been many venture, which starts under the most encourag-suffering, that country has had a year of Kingdom at the close of the quartermiled 31 GUARANTEED NEW INSTRUMENTS At the twelfth annual general meeting, on the 18th April. Sir Alexander Wilson the guests of his Majesty during Jubilee and Coronation times that have beau entertained at Chairman), said: I will follow my usual custom hotels, and therefore the remarke in the book to of referring very briefly to come of the principal which I have already referred prove that it was

surplas and to produce a Budget sufficient te On the debit side there items in the accounts.

not written by any lady about the Court, which comed. The Kiangnan Works are already instify p further material reduction in the given for the corresponding period in 1904 for was supposed to be the cuso.

3

You are perfectly welcome to use this information as you like, but this is the first time I have ever taken the trouble to contradict the statement made, for I did not think it worth while to do so. Believe me, yours truly,

(Signed)

"LONSDALE."

It is

March, 1905. The particulars of the vessels in question are as follows, similar details being

GROSS TONNADE.

BY ANY ENGLISH MAKER WILL BE SUPPLIED AT LONDON PRICES.

We supply Superior Value to anything to be had in the Colony in Tone, Price, and Appearance in First-class Gorman Makes. torted 30 years by us.

The joint foreign managers of the new undertaking will be Mr. L. Raste and Mr. R. B. Mauchan, the pros-nt Sup-rintendent of the International and Cosmopolitan Decks. Mr. Farnham, Bord & Co., as joins the Chinese ing circumstances. Already a large amount of business is premised, and it is evident that the breaking down of the monopoly hitherto held by Messrs. Farnham, Boyd & Co. is widely wel

31st Mar..196. 31st Mar, 1904. furnished with most complete and modern salt tax which will benefit in some degres the the purpose of comparison :--

GELE is little to be said, except that I might cal; your

DESCRIPTION,

No. No.

ΤΟΝΝΑΣ attention to the fact that the deposits and

plant, and a large staff of skilled operatives is mass of the people of India. The reduction Anticipating tho of the tea inty by 2d. in the pound recently

STUAK. acceptances against outward shipments show

Steel...

... 440 1,241,651 351 973,1921 very substantial increase on the figures of the

immediat-ly available.

Tron ... previous year, (Hoar, hear. On the other side

necessity of having mero than ons dock, the declared by the Chancellor of the Exchequer is will notice that the items of cash, ballion,

directors have secured a large plot of land on also a step in the right direction, assisting us it the Postung side opposite the present dock, and does a very important industry in India, which

Wood and you

hors, with deep water, they have ground for deserves every encouragement both at the bands and Government and other gueruteed stocks

docks if of the Indian and British Governmen

Compositej multing half-a-dozen alditional aggregato nearly £1.100,00), und bohind this

an industry absolutely sound in itself, but is required.

passing through a cycle of depression. The there is the perfectly liquid asset of close upon #1 800,00, comprised of bills receivable.

present wheat and seed crops, we hope, may be Loans receivable, end advances who show an

up to the average, though the abnormally cold amount a little larger than that of last year.

weather early in the year has dimmed the The whole position shows that the resources of

prospects, which at one time were unusually The annual meeting of the Society for the the Bank were some. hat more fully employed

favourable. Our deepest sympathy must be than they were a year ago. The small item of Suppression of the Opium Trade was held on

extended to those, whether Europeans or freehold banking premises shows a decrease April 18th in Westminster. Sir Matthew to Dodsworth provided. The report was presented £10,000, which is owing about the sale of our Bombay promises. Sous by Mr. J. G. Alexander, the bonorary socretary,

natives, who are sufferers by the recent torrible their nearest and dearest, and a much larger time ago we found it expedient to more Dr. Timothy Richard, of Shanghai, said that

sarthynake in Northern India. Many have lost number will have lest their homes and most of their possessions, and for these help must be to other promises in Bombay morn in the Japan had solved the opiom question, though Christendom had not. it was our duty to

AID sure, be gladly centre to business. and those we hold on

given, and will, i kase at an annual rontal, Twelve years redova temptations from wen. At the same

givet, both here and in India. In the

The tonnage under construction is now took over the premises account time, the question involved great difficulties.

The C.P.R. kir. Empresa of China arrived at ago We

The canse would

ould be strengthened by an avoid of the Chartered Mercantile Bank at the

H had heard a Nagasaki at 730 am, on Thursday, the 18th Far East on attention is centred on Japan,

December, 1904. Compared, however, with the figure they then stond at, being satisied that ance of over-statement.

and left again at 3 pa. same day for where, in spite of the war with Kassia, nearly 202,000 tons more than at the end of HAAKE

the trade of the country not only maintains a is country say tant opinm was the ins taken as a whole they were certainly set over preacher in this c

normal level, but shows no appreciable expansion.total reached in September, 1901, which is the KRAUSS on Saturday, the 20th inst. valued. This individual item, however, shows greatest hintauce in the way of the Chinase Shanghai, where she is dun ɔ arrive at 1 u.m.

The C.P.R. str. Empress of Japan arrived at The value of imports has for 1904 reached the highest on record, the present figures still OWN MAKE en realisation a deficiency of about £2,800, which becoming Christians. That was not his (the has been met out of the year's profit, although speaker's) experience. He had been 36 years in

Koba at 9 pm. on Tuesday. the 16th inst. Bud high tigare of 371 uillion yea, being an increase the result is to accoutumis the nader-valuation of China, and he had noror heard any man fogoin át 1.30 p.m. ou Wednesday for Yoko of 54 million yen over 1903, while exports were the premises which still remain. Turning to that. He also thought the globe-trottera hama, where she was due to arrive at 2 p.m. valued at 310 million yen, or un increase of 30

of

THE OPIUM TRADE.

opiam den

SHIPPING.

The new turbine boat Virginian, of the Allan Line, broke the record. Her time from Movillo to Halifax, six days iwonty two hours forty-five mina tea, is the best on record for that route.

STEAMER MOVEMENTS.

The Silk x C.P.R. Hr. Empress of India, which left Hongkong o the 19th April and Yokohama on the 28th April, arrived in New York on the 16th May, thus making a transit of 18 days from Yokokams and 27 days from Hongkong.

The Shire Line str. Moanwuthshire left Singapore on Wednesday, the 17th inst,, and is due ore on Tacaday, the 23rd inat.

AND CHINA TELEGRAPH EASTERN EXTENSION AUSTRALASIA

COMPANY (LIMITED).

It

Total Steum) and Sail...J

show a redaction of about it1,00+ions.

650

1

1

220 1

170

220

Total

441 1,241,871 353 973,511.

METZLER

$350 formerly

$ 475

HATI..

Steel Irou Wood and Compozite

16

7,821

17

13,316 26

1 280

1,65] 18 1,577

PLEYEL

425

COLLARD

500

700

Do Grands

950

1,400

1

Total...

33

45 15,153 0,472

474 121843 398 988,664

Do

425

650

ALLISON

430

350

RACHALS WINKELMANN

575

760

"J

(25

750

=>

325 25

650

585

650

300

450

600

700

400

750

$325

290

300

.P

150

No.

GROMB TONNAGE,

PIANOLAS Do

$404) formerly

285

PIANOLA ROLLS 25%%

$550

860

discount.

330

804,012

144,259 ... 36 ted Un

<3

576

:

39

124,320

127 1,074,073

Bailding in United King dom for foreign and colonial account

Hallding abroad for Kingdom Owners...

·Building abroad for foreign account

These instruments are GUARANTEED for the CLIMATE.

On the vessels under coes raction in the HOPKINSON... United Kingdom at the end of March, 386 of BRINSMEAD. million yen over the preceding year. 949,171 tone ara under the supervision of the the Profit and Loss Account, the gross profit should be avoided. He had

PLEYEL noteworthy that the experts of silk goods show Surveyors of Lloyd's Register with a view to KIRKMAN for the your is £120,627, 19%. 8d. after providing describe the places at Shanghai as "opium yesterday. patncer"

a substantial increase owing to the sf-d-nial of classification by this Society. In addition, $1 Nertheless, the suffering caused by

Tesse's of 124,902 tons are building abros with for lad and doubtful debts. The not profit is

a view to classification. The total building at COLLARD GRAND £60,675. 2. 6d., and including the £ 4.531. opium was terrific. The spiuni imports from

LUNAU 188. 6. brought forward from December. 1903, India was only a drop in the bucket compared

the wealthy clases, nu that the present rich

a matter of fact, the war appears to have had the present tims noder the supervision of to that grown in China. In times of rought,

crop is estimated at 20 per cent. over the average. Ettle or us ill-effect on the trade of the country Floyd's Register is, thus, 427 vessels of 1,074,973 the amount to be desit with is 276,927 is The interin dividend at the rate of 5 per cent. por where land formerly devoted to cereals had beve

and with a population of 46 millions Japan cantons. Details of this total follow:-~ count ou 3 million to recruit the ranks of the auuum paid in Detoler on both classes of put under opium, the people perished by inillions

of which she is so des-rvedly pr ud. It army, shares and the similar dividend now proposed for lack of food. The missionarios were trying

Building in United King- is well to remember how greatly Japan's will accaual for £28 125, and I may remind to educate the Chinese; to give them knowlege They were also opening

commercial interests are interwiven with those dom for home account, for you that these dividouts are now being paid as le the off-cts of opium and to strengthen

Tar. (Hear, hear.j

their characters.

of Manchuris and Korea. Those countries supply enle, &c. have added £30,000 to reserve fund hal bare set museums and night schools where lecture wor

Japan with large quantities of foodstuffs, and aside £2,000 towards an officers persion funditen to young men. The Rev. W. Kitley, of

tako iu exchange textile goods manfacture in These apportionments will leave £13.102. 38, to the Church Missicurry S cinty, said that in two

Japan. Emigration frois Japan to Korea has been in progress for some years and about be carried forward. As I have said before, years he had been called to attend 150 cases of

West Chine were nothing i when I have had the pleasure of meeting you, attempted suicide used by opinn. Tha in like palaces,

4000 Japanus bare settled down in Korea. we attach great importance to the beikling up

The report for the half-year ended December Bearing this in mind, and the fast that the of our reserve fund, and we are glad that the being filthier than anything else he could profits of the year permit of our patting the imagine. In the worst opium-smoking districts

We the people were much less influenced than 31 shows gross receipts of £331.759, against East Asiatic trade of Jupan amounts to above increased amount to bat fund."

**pen door." trust that the shureholders will also approve elsewhere by the preaching of Christianity, £265,259 for the corresponding half-year of some 43 per cent of the whole of her foreign Dr. Richard, in response to an appeal from 1903 The working expenses, including £35,471 trade, it can be seen how vital and essential to of our setting aside the small amount I

Mr. Alexander, withd ew the phrase "a drop for maintenance of cables, absorb £150,034, our ally is the policy of the have mentioned towards the formation of a

against £142.419, leaving a balance of £181,753. Let us hope that one resalt of this unhappy war He had only meant that a

may be the absolute and cigid maintenance of pension fuisi. (Haur hear). There are many in the bucket. WRYS in which the existenes of such a fand far larger quantity was produced in China From this is deducted £2,793 for income tax. is of direct benefit to the Bank as well as to than was imported. The accurato statistics and £12.043 for interest en mortgage debentars the "open door" policy in China, by wich the staff, and we propese from time to time, would be found in the decennial Chinese stock, leaving a net profit of £166,911. After means we may look with hopeful certainty to as the position and profits of the Bank way Customs report, which was now in the prose adding £110,269 brought forward there is on the peaceful and progressive development of

l permit, to make similar moderato grants to this Me. S. Smith, M.P, said that the situation available balance of £277,151. Qua quarterly that country. I would call your attention to to progres between America and the Far East fand. I will now formally more "That the just now was almost hopeless. Oas difficulty interin dividend of 14 per cent. has been aid the remarkable devolopment of trade now in Fasteth trade has grown from 93,000,00 d·ls. report of the Directors with oudited statement i was that India was a very poor country, and for the half-year, and it is now prop From a recent report I galber that America's of accounts and balance sheet to the 31st her people would themselves object to give up distribute another of like amount on the

the night months of 1904-5, so that the trads December, 1904, presented to this meeting. be the opinu revonde, which was paid practically prox, making with the interim dividends pad cent. It is al o proposed to pay a bouns of ds and the same are hereby received, approved and by the Chinese. Our own country ought to for the first half-year a total dividend of 5 per for the whole of 1903-4 to the same figure for

say, £3,000,000 a year for 20 years to

Apparently America B shares of the Bank at the rate of 5 per cent per annum, free of Income Tax, for the revenue, Dr. F. H. Judd and Mr. G. Harding, distribution of 7 per cent. for the year 1904, in value to 150,000,000 dols., or un increase of 60 six months ended 31st December, 1904, as of the China Inland Mission, and the Rev. W. The sum of £120,000 has boeu transferred to per cont. in one year,

The American participation in foreign loans £22,181 carried forward. recommended in the report, bo and the same is R. Stobie, of Wen-ohan, also took part in the the general reserve fund, and the balance of aims at monopolising the trade of the Far East.

proceedings. hereby confirmed."

adopted, and that a dividend on the A and to enable bor to give up the opium per sbar, or 2 per cent., making a total for the latter twolve months praisea to amenut

Total building on 31st March for classification in Lloyd's Register book..

OTHER DETAILS. (Warships axol uded) The following details concerting the chip-

STEAM. SAIL. building work of the United Kingdo during

During Quarter en died

NO.TONNAGE 31st March, 1905. No. Gose the past three months, may be added :—

Vessels commenced 207 499,087 13 2,352 Vessels previonaly

commented, but

TONNAGE.

0.11 which no 10 67,454 further progress has been made.

Gross

500

Vessels launched... 144 305,070 14 4,186

Hongkong, 19th May, 1905.

[630

DR. NEWELL WILSON,

DENTIST.

Latest American Methods. Reascuable Foor,

No charge for examinations. Office hours 9 s., to 5 F, ML,

IT FLOOR, WATKINS BUILDINGS

31. Queen's Road Central Hongkong, 19th October, 1904.

51