1907-02-12 — Page 3

Daily Press 孖剌西報 All

THE HONGHONG DAILY PRESS, TUESDAY, FEBRUARY 12r¤, 1907.

BRITISH FOREIGN TRADE IN 1906, the exports of last year. The production of

AN UNPRECEDENTED RETURN: GREAT INCREASE OF REPORTS.

The Board of Trade returns for December are of exceptional interest, as they contain the par foreign trade for the whole year Siguros -the greatest year that our foreign trade bas ever known. First, we note that for the month

pig iron in the United Kingdom in 1965 was · 9,600,000 tons, and even if the production turss ant to be 10 million tons Isat year, nesely half of it will have goun abread in a crude or manufac tured state. In 1894 the production was 7,427,312 fax, of which only one-third went abroad. Our largest customers last year ware Germany (in: cluding the Netherlands and

the United

LAOU KUNG MOV, COTTON SPIN-

NING & WEAVING CO., ED.

The report for presentation at the thirteenth ordinary meeting of the 1'ompany to be bold as the offices of the Ganaral Managers, Shanghai, on February 28th, rends :—

an lacré 20 Gram of ticu by Germany is the more remarkable because Tla. 36,760,12 brought forward from 1905,)

The

J

The. 57,264.00

The directors submit their raport, together later, but so fewer than six foreign countries with the accounts of the Company, for the took about double the quantity of pig iron that twoire months ending December 1st, 1906. of December the imports ware £54 673,982, they did the year before. Much of the iron

In accordance with the rerelation pasted at increase of 11,553,496, and the exports were that is oredited in the returns to the Netherlands £91,409,175, an increase of £2,755,981. There

and the last general meeting, the sum of Tis, been rendieed Ayu en have

Idonth with Bless goes to Germany, and whereas these combined has been written off to depreciation account. I tuo

Countries took $20,000 tose in 1915, they took Bundays, or one working day less than is not

This year's working shows a credit at profit the 551,000 tons last year. This increased sbeorp and lose seconat of Tls. 146,555,76 including ordinary mouth.

For

the twelve monthe the

is the importe wore

were £375,672,913, Germany is now a larger producer of iron by which the directors recommend he dealt with a 42,967,970, while

one milling tons than England is, and her follows:- great increase of imperts for the year imports this year are greater than they have To pay a dividend of Tls. 9 por share

en kincs

121900. A

A good deal has been said of

va 7,158 shares was in rew materia's, where it amounted to £23,400, 00 Word and timber took the lead, the increased demands of the United States: To depreciation of mill build. Tls,

...36,735.83 ings the increase, which was both in quantity and in but in point of fact, while 300,000 tons have

with To depreciation of reservoir I 1903 to gobe to the United States a empared value, bring from £37.000

Ва

Bar 172,789 tons in 1905, about 1,000,000 tons have and and improvemente... 1,348.20 £27,611,000 last year, of cotton and reci came next. Copper, lead, and gone to Europeo as compared with 447,00 in To depreciation of machinery25,765.0

Coal cortinned during the year to Ku To depreciation of North Prop tin swelled the imports by an increase of 1905. £6,50000. In articler of food and tabacce the total for the twelve mo

erty Chiu-go Houres in increasing quantities, until today the Abroad in

...* 7,175.33 ta given To depreciation of furniture 357,20 increase was nearly £7,000,000. If is noteworthy that the increase in exports was slightly greator a 58,000.00 tons,

nearly nine mil

--------51,38).48 The than in importe; and most of that was in the son of the coal duty of October 31st To commission on 64,414,49 (boing

than in any previous year.

146,555.70 lens balance of account dors class of “articles wholly er mainly manufactar-

1905 74. 30,750,42, and Tie ed"--which produced £8653450) of the total not seem to have stonlated the exports of the appreciable extent. Cur

$1,380.4, proposed for deprecia. increase. Iron and steel manufactures tonk the art two months to an

tion), to the general managers in lead with a total increase of £8,054,125; and largest chetemers were France, Italy, and

accordance with their agreement 6,441,48 cotton yarns and fabairs come, at with Germany, which together tock 25,050,000 tore,

or cearly half the total exports; hat more distant To be carried for wandte skenew account 51,469.71 £7,591.550. In goal and coke the inercayo wes £5,443,171.

countries like Rawir, Boelen,

Belen, Egypt, and the

more.

INCREASES IN EXPORTS FOR 1906. - The phenomenal character of the experts we have pointed out repentedly in our mortily analyses; but now that the record is complete, wo give the increase for each month:

£9,79,370

in

Januusy February

March

April May

Juna

July

Asset September

October November

December

--1,651,590

is the record

tame 2,756,31

... 3,367,013

Such is

more

or

Argentins | epubliet ok considerable quantities. THE CUFITAN TRADE,

TAN

cattop werk

that the cotton trade is still looming, notwith The latest resurs afferi undoubted evidence

standing the erection of new mills as fast, as circumstances will. permit. tha fignens For the past year are justructive, and in some respects Our imports of unprecedented. not the largest on recor, but the money recsited for colten каска 964

Importe record: As the full figures have only been avail-

They abs this afternoon, and

time latest Trustwor by light on the position of and the colum traile, they are worth examination. It Apprate that

111 $0

Chrám

MRECTARS,

Tls. 146,555 70

Mr. A. Koff resigned the Board on leaving Shanghai and Mr. C. Michelet was Brkeil to in the diretors; his section will require the Confirmation of the shareholders.

Mr J. M. Young and Mr. Chung Liang-y retire in rot-tion as required by the articles of a redior, but offer themselves for reelectios.

AUDITOR.

1

ANGLO-GERMAN BREWERY CO.,

LIMITED.

The report of the directors and statement

of accounts, for the yearending December 31st, reads:

The directory beg to submit to the sbare- holders the audited statement of accounts for the year ending December 31st, 1966.

Profit and loan account:-The balanen to 11,065,05 brought forward from last year, predit of

and loss Bocount, including

amounts to 960,428.41, which the directors propose tu appropriate as follows: Amoret to be written off OD

machinery

B

caaka moveunta. 7,000.00 Ameant to be written off on Victoria Brewery, Shanghai, closing (his branch of the company Dividend of 7 per oant to shars.

holders Balance to be carried forward to

1967 account

"

14

12,201.49

30,315.25

906 67

Total

... 850,423.1 Notwithstanding the severe competition of foreign beer, owing to the continued high ex- change, the company's sales show a sloudy pro- Fresa at satisfactory rates.

The now cellers, which were urgently needed in order to meet the increased demand, bave since been completed and with a slight addition to the refrigerating machinery will, it is hoped, be available during the coming anmmer.

New share issue.So far 441 sharer, equal to $45.1, have been taken up.

Directors-On his return to Shanghai Mr C. W. Wrightson, at the invitation of the reotora, rojoined the board, which appointment requires confirmation at this meeting. Max Slareght retires by rotation, but does not offer himself for re-election, owing to his op presahing departure for home.

Jr.

Mr. Gro. R. Wingrove, who retires, but Auditor. The accounts hare been audited

effers lime-17 for re-election.

PHOTO

ALBUMS!

PHOTO ALBUMS!!.

PHOTO ALBUMS!!!

LONG. HING & CO.. No. 17, QUEEN'S ROAD.

HOCKS AND

[33

MOSELLES.

(Bole Agents for LANGENBACH & SOHNE, WORMS-on-BHINE)

SPARKLING MOSELLE

HOCK

Do. LAUBEN HEIMER

GRAACHER

NIERSTEINCE

HOCHHEIMER

LIEBFRAUMILCH

HOCK

CALIFORNIA RIESLING

Do.

I dos. bottlos dez. bottles

$28.00

28.00

$13.00

15.04

24.00

16.0

15,00

1740

$0.00

22.00

24.00

26.00

6.50

7.50

6.60

7.5

10% DISCOUNT ALLOWED UNTIL FURTHER NOTICE.

H. PRICE & CO..

TARPHONE No. 135. 361

WINE AND SPIRIT MERCHANTS,

12, QUEEN'S ROAD CENTRAL,

a four months Fleet, basing started on experimental eruies to Gibraltar and the West schiered suck superb shooting in the Seconst Indies, while the Duke of Edinburgh, which has

Cruiser Squadron, also passes inta reserve, with ch other modern and fast risus the Carnarvon and Natal.

The Brilish Channel Fleet ia to be distinotly worker numbers than the Germen North Sea Fleet, which now monsists of sixteen first class! battleships, and is shortly to be raised to is! righteou The composition of the Channel Fleut distinctly open to criticism. It is not to ho bomogen our, composed of a variety of types, and one of the ships which figures in it, the *.. $19,356:16 - 30,423.41 Thminler, was so badly injured in the St. Lawrence that she may not be fit for service till

weli 250,423 41 the spring is Advanced.

!

--PK-FIT AND 108S "ACCOUNT FOR THE TEXT ENDING DECEMBER 31er, 1908.

Dr.

$ The balance ...

50, 23.41 $5,423.41 $

Cr.

19

Tk.

By balance of working

acccunt 1905.... $1,066.95 Balance of working account 1996

Mr. G. R. Wingrove aguín ‹fers himself for re-election as the Company's auditor.

J. M. YOUNO, Divcolors. 1. MICHNLAU ILMEET & Co, tenerál Mangere, Shanghai, February 2nd, 1967.

PROFIT AND LOSS ACCOUNT DECEMBER 3167, 1940. Dr.

posted Ising the twein months w

owf, of raw

raw cotton, and reexported 2,200 w, leaving 15,800,000 for of math for heme

manufacture in this constry. When we deduct estimated the factures, the like of which has never

occurred

fures we exported To interest this on

country or in any other country. It is,quantity used in the moreover, all the more remarkable because this becomes 12,700,000 cwt., which sast £30 250.000. | To Less rentals of Chinese

we know that for our cotton manufactures the tenth year in soccersion in ow

kouses 28 practically which our exports have shown an increase the re deduct 239,250,0 as the cost of the raw exported we received £99,600,000, and bea from Back continuance of increase

never that

A เบย of £60,500,0 CO is left available To repairs and renewals ... dccurred before in the bistory of our foreign material, trade. Until now a few years of increasing for wegen, expenter,

Now we

To agency commission

?1}" 10,1:5.08

3,546.87

€,661,21 5,956 60 4,500 00

foreign trade (rarely half a dozen) have invariably onch return has ever be and profite. No To directors' and auditor's feas

was the case So

quantities

received before. The

larger

balanes

...

Total Cr.

BALANCE SUERT FOR THE YEAR ENDING DECEMBER 31st, 1906.

ALBETH.

Dr.

2.250.00 Tu properly account........ 144,555.70

.. machinery account, including

electric installation

.., casks account

Th

165,913.51 *I'le.

stock of materials

"

fre insurance account

aundry deblora ...

www

30,760,42 130 45

Total

165,913;51 BALANCE SHEET, DECEMBER 31ST, 1900,

LIABILITJES.

Tis.

xer than those of been followed by a substantial de creuse. That ities are only slightly

the previous year; yet the money received was cake so recently as 1994. The improv ment which degen in experts in 1986 continued about 19,00.000 more. The character of the

better

illustrated by still till 1890, when the total was £263,060,000; and year's trade can

... 173,625.28 then it ebbed till in 1894 the total was comparing it with 194. In that year we paid By balanco 1945 ... £210,000,00-zearly the same amount as in for 15,200.000 evt. of raw cotton E-47,781,873, By Less appropriation sa

passed at last meeting 142,924.86 conemption, 1886. The last ten years we might say tw iv) and deducting oze-fifth for home

the raw colton used in the manafaatures By trangfer fecs... have shown to auch vicissitudes. Weexplained

year ago that the increase of £30,000,000 in ; exported camo to £38 095 01 O—almost the same By balance of spinning secount 1906 135,013.64 | the exorie

of 1905 was the greatest previously as the figures for last year. But for our cotton £83,873,000, known; now we have fer last your au increase exports in 1909 we received only.

yielding only a ralised surplus of £45,648,000 on that of £46,000,000.

If 10 for last year. It 48-compared aitb.t60,500,000 for ~CIXHAUTLE ̃OF THE INCREAST The first question that suggesta strelf as to the we+xtend the comparison a little further, it | Capital; 8,600 sharan of which ar

be- inorense for last year is in what does it consist- curres still more striking. Applying the same in the quantities exported or in the values? wethed of caleniation to the figures for

1920, wh

which w

was considered the booming year The importance of this question is increes: the fact that, according to the Economist's in our geners) trade, we find that the

available latest index unmbers, values have increased by surplus

WEKER, expenses, oight per cent during the year. Our respected intercal, and profits was £34,000,000. It

Dur index amber, estimated that the number of contemporary says:

in the cotton trade is akut people employed 600,000: but the which indicates the effect of movements in sumber of commodities, has not been so high prosperity of the industry is believed to affect cendaten million people. In this connection, it may since 1880, while it very considerably transcend be mentioned that the number of spindles in- all recent Boorde.

With the exception | at the end of the enmmer, the creased between 1899 and 1903 from 454 millions of a slight pauso at

has been fairly conti- to 48 millions, an increase of 2 millions; whils rise in the average level has been

in 16 the new and projected pinning wills nuous throughout the year, becoming more

It from for Lancashire numbered 57, with aearly fire nounced in the last three months." that we were to infer that there was an average million spindles, but now the number of new ingresan

or projected mills: put at 195, and the number io values for the whole year of, say four per cent, that would account for about one of extra rpindles at 8 millions. The total number of spindle at work in Great Britain

8

seems

or

Jodia

for

jeened 7,1:8 Overdraft at bankers Loan against cotton Sundry creditors ... Urpaid dividenda

stock of beer

Victoria brewery liquidation

account

LIABILITIES. Cr.

By share capital account

Dentsch-Asiatische Bank acceptances...

715,800,00

132,321.31 33,000.00 9,474.03 818.00.

19

Pelance of profit and lose secount 148,565.70

Buildings

***

---

sundry creditors balanco of profit and loss secount

S.. E. & O.

3

Hitherto the Amiralty bas aimed at homo reuelty in its fleets, but the new arrangementis defective on that head. Two of the Channel ships are good for no more than titleri

208,824.24 kuota where

whereas all the Gern

German battleships are capable of atoming sixteen.

189,985.7+

widely reported at Malts that Bir Jân 86,449.36 Fisher will shortly bring his term of office sa 71,064.12 First Fea Lord to a close. It is believed that

1,245,00 when be elects to take that step be will be 52,539.15 succeeded by Admiral Beaumont, 47,184.45 By some the name of Sir John Fisher is

campled with the smoressor to Admiral Rawson, 12,201,49 whose five-year term of office as Governor of Ntw

South Wales is just drawing to a close, $739,493.5*

JAPAN'S FOREIGN POLICY.

$ 414,200.00

Our Tokyo correspondent's recent telegrams 112,040.00

63,904.41 find elaboration is the following extract from 79,2.71 the Japon Mail:- 51,423,41

$729,499.59

Shanghai, January 2tad, 1907,

A MCLEOD, MAX. StaVOGT,

C. W. WEIGHTSON, J. JOHNSTON,

Agents.

Less depreciation

Additionsduring year

Tls

ABBETS. Th

202,193.62 24.193.62

178,060.00 Additions during

your, now godowns 3,735.83

626,008,61 Machinery...

Less depreciation. 206,008.81

420,0002 0 765,20

1,037,967.14

PR ..

SLEVOOT & Co.,

181,735 83

129,765.20

Less depreciation Reservoir and land-- Improvements...

Texs depreciation...

Directors.

CUFFING DOWN THE NAVY,

FULL DETAILS OF THE ECONOMIES.

SUB

At the sitting of the Japanese Diet on 29th Mr.Mochizuki rose to explain co interpellation regading Japan's foreign policy.

The Minister for Foreign Affairs, in reply, Bret alluded to the San Francisco affair a d Ката gare details of what had been done by the

Consul at Каралево

Francinoo and Visocant Acki at Washington from the time that the matler first arose, on October 12th, ap to date. He felt sure that the American

endeatour to

to and 4 Government would

difficulty, and at

At aty Way out of rate the Washington Administration greatly sympathized with the Japanese. If the test nst the cite now before the Cearts went against

then the affair would become a Japanes diplomatic question. Traing to the Ros- Japanese negotiations, Viscount Hayashi said that only few ariicles of the Commercial Treaty remained to be discussed. He deprecated the clamour for Laste in such negatisfione, for baste in these matters meant troub's in the

of the future. The conclusion of

treaty depended upon the interpretation of the of the English word inlet." equivalent e

fishery

After the grand Daval manœuvres, which will be carried out this month by the British fleets 41,175,33 in European waters, under the direction of

Amiral Sir A. K. Wilson, sweeping changes French will be made in the composition of the fleste, sed

But a general preement had been arrived their numbers will be very greatly reduced. at in this connection, so that this question Following are authoritative and official details would also be shortly solved. The discussion of the new compeailion of the Beets.

ECZEMA COVERED

HEAD AND LIMBS

Could Not Best Day or Night-Felt Miserable From Itching-Cured Before Using One Complete Set of the Cuticura Remedies-Now Says: "It Ought to Be

A HOUSEHOLD WORD

THE NAME OF CUTICURA"

If

"I beat with erzens' through get- ting a severe cald. I was covered on my chest, back and limbs for five weeks I could not rest day or night. I took ono vist of Cuticura Pills and used one box of Cuticura Ointment and one cake of Cuticurs Soap. I was cured before I had used one set of the Cuticura Remedies. I read about the cupen nf Cuticurs in the papers. 1 haght what they had clone for one they drsuld do for another, but after I had used Cutleurs Soap for a day or two I believect it was a priceless remedy for anything, if it was given a trial. In fact, I scarcely beljevcil I was eured in so short a time, and 1 felt much better aux stronger than I did before taking the net of Cuticura, Remedies, I shall not forget to recommend them to way one. any one knew what the Cuticura Rem- adies can do, there would not be so many doctor's bills to puy, when you can get cure at a triffing cost." It ought to be a bouschol word, the name of Cutimurs. I should like to tell you, before. I conclude, the rash made me feel so it itched so and how miserabls I was. I used the Soap and Ointment and felt better after the third applica sion. I felt they were doing me good but to be cured, and not to feel ill! I consider them remarkable remedies, and if only people know what they can do for them, they all would want to be fint to try them. I beg to say 1 nover felt better than I do at present. T. Alfred Watson, Well Houst, Stocks- bridge, nr. Sheffield, Eng., Feb. 19, 1996.** Complete xternal and Internal Treatment for Every futuro infanta, Chlidren, and Adulta cenebis në Cur cos Komp such the skirt, Cutleja. Olekseni y to how the silo, kud Cuneta Pili (Chocolate Coated,

of porify the Nland, A Hinge Set often unze Bold throughout the workers, R. Towar

Cra, bydmy ondern

17 Charterbucion_1994-1 Parle, beru, tue de la Paix. Police Prog & Chein. Cop

Med How to Cure Every Hernour."

VI

Ind33

THE DIVAGATIONS OF VICEROY SHUM.

third of the increase in exports, But an was reported in September as 52,796. When aluation of the figures themselves indicate we como to examine the markets in which we such increase of value on the whole, and we dispose of ent ention manufactures, we find that to justify the conclusion that the increase in

ia still our largest castomer. She took experis was almost wholly in quantities. Le pearly one-third of our piece goods; and Chins, Property Chinese houses 59,381.09 us state our resona far aaying so. Taking the

exports of cotton manufactures, wool, iron which did not net do so well last year as she

did the year

before,

took one-eighth, Turkey and steel, machinery, and coal, se flad that these did aggregate, is round figures, £280,000,000. We came next, on the United States took over next take the increased Trinen received for £2,000,000 of one piece goods; while South

articles, und

und comparing

them with Amerion took over three times as much. Of those of last year's export prices, we find that yarns and twist, Germany and the Netherlands the ingrese obilly in cotton and coal took nearly one-half of the exporta; and their

continued consumption

to increase at a steady two per cent. amount to £5,0 0,000, or scare Afths of the rale, Not.mach need be aid of wool. Wais Now that being the coe with

ported £30,000,00, as

nestly remaining Total

two-fifths, exports, the

"prexi

• as compared with over a large number of articles, may be assumed £26,500, 0 in the previous year; an increase of show no greater rate of increase in value. in value. According to the Board of Trade, 3 per cent in qanatity and 10 per eat about 3 Much has been written on the increased prices in of copper, lead, a fow millious

commenting on the continued advance in the Liu, and jute, but our exports of pries of wool, the price of imported wel in 1905 these are

lous sterhag

exported compared with the huge sam of £230,010,000, of waa 224 per cent and of British woel which we have definitely ascertained the

the ratio of

98 per cent above the price in 1902, In 1903 was the best increased ralue. As be affected, it is now values may the price of exportad

the past recorded and that of imported wool was lower twelve months the price of pig.

roso 17 per than in any year except 1991, Ont total Arns and fabrics last year ount. Yet the exparts of that article, which is exports of woollen yarns

amounted included

in index numbers, tutal lesz £1,60,000 over 1945 and 64,000 over 1004. to £31,840 000, an increase of generally than

..of. £6,000,000, while our total exports.

steel and

manufacturea berso!" Germany was our largest customer for woollens- (including pi

OUR FOOD - EPPLIES. smonnted to barly iron) £40,000,000, and in proportion to quantity that Not the least satisfactory leataro of the year's aggregate represents about the esme ratio of trade is the fact that it has not been swellea by ACCIDENT TO LORD KITCHENER. | eight battleships to six of two different types, emaily be able to device the question. That event arch for revolutionaries, but it is also felt in

to

"iren

and

that in the

iron

value as that of the corresponding exports in increase imports of icod supplies. In the 1905. It is obvious that a differenos of barely three items that formerly were described as

two per cent is our total

negligubla que exports of £375,673,000/coratifaling fras breakinst Lubla "t

and

*

DAVO

taken

sugar, and bread-the imports have been normal, the more pains to ascertain this because the and the prices low. being a good

-12,4-6,76

+

Additions during year

82,889.86 22,889.86

10,000,00 846.22

30,848.22

Forniture

3,603.32

Less depreciation

Additions during year

2,103.32

1,500.00

57.90

1,557.90

Strok

Yarn Cotton and waste Coal...

Stores

174

305,101.76 47,623,91 61610 25,420,97 Unexpired fre insurance

TI..

A GENERAL'S BAD SPILL

373,702.64 3,124.02

1,37,967.14

The Channel Fleet will be reduced from of the claims of Russia to fishery rights in Saghalien at present binged on the meaning early 1906 to fourteen, of the w in seventeen battleships

the and there fourteen will be of four different of the words" residents in Karafate," but

Minister felt inre that astisfactory solation types. Its battleships will be as

and the Russian would be reached by himself and KING DWARD CA

With Minister in Tokyo.

regard to the King Edward VII. (flagship

Changchas affair, Viscount Hayashi reminded of Iard C. Beresford,

Mr. Mochizuki that tas plexipofantiaries at St. Commander-in-Chief)."

Petersburg were totally ignorent of the

The ex-Canton Vicaray appears to be kicking geographical conditions there and the dispatch against the picks. His reinctance to take up

New Zealand.

Hindustar.

Catamonwealth. Hibernia. Britannia. Afrios.

Demision

MAJESTIC CLASS—2

Illastrione,

CA OPUS Ocean

Vengeance.

Swiftsure.

SWIFTSURE CLASS-2

Triumph. Three small cruisers will be attached to it. The Atlantic Firet will be reduced from

and will be commanded by Vice-Adeiral Bir A.

(Bag).

Albemarle

1G. She

battleshins will be:

Basgell.

Dardan

Albien.

The Mediterranean Fleet will be reduced

The menconvres at Bombay on January 18th Thres small cruisere will be attached to it.

Admiral Sir C. C. Drury. Its battleships will

became

AMBITIONS HOPELESS,

his new post at Yunnar, sed his vohaming for

of the Japanres Commissioners necessary na that account. The actual the Narking berth, bare so far led to rolling investigation of the ground showed that but inspired ramours. The N., Daily News the acquisition of the etion was not

not has the following: necomarily profitable to

It is known that Viceroy Teen Chan-hsuex is documenta nad pe relating to the question trying toget the Nanking Viceroyalty on wituess had been sent to St. Petipotentiarion would toor I inspection of the Yeagize towns to

and on receipt his recent futile offers to the Throne to make

of these papers, the

was expected to

to fake

The necessary

As to the Toires Pace early sext month. Peting that H.E. Tuan Fang makes a far

Curtains question, as Rasela had consented to the establishment of Customsuperior Viceroy as far as the Liangkiong ustoms provinces are concerned, and there are no rea houses in North Manchuria, the Japanese on to think that the ramenred proposed Government would see that a Customs house changes will take place. We understand that was established at Tairoo. Finally the Minister Vierros Treu Can-hewa has only quite latoir said:"In referenos to suspicions prevalent i

the al-received a bint from Peking to leave Shanghai abroad, even in high circles

al for the South without further delay, in conse

were marred by two unfortunate accidente. B from eight battleships to sir, under Vice-leged military expsasieties of quance of which it is probable that His Fxcel-

0 1

The home harvest this makers of inder numbers include a number of year

one, and foreign supplies imports in their numbers, and we are asure that being abandant, the average price of wheat has the import

t values give a different resnit. On been 2s, a quarter less than in the pravions Excellener Lord Kilchener, nooompanied by those grounds we bold that the inaressed money year, and the yield of the wheat was a bushel Sir Archibald Hunter and General Riobardson, value of our exports may be taken to represent an ace more, Both in total quantity and vaine and others was inspecting the Infantry 13.sch. quantitier. The point in of more than sonomia the imports of grain and four were about the ea when his horse put its bied foot into a hole intercet; its industrial calue was explained in same as in 1948. A similar account might be and rolled down a steep bank, falling about 14 At first it was feared that Lord Kitchener. given of one tea Hill, except that both the feat. "The Gleke" of July 7.

quantity and the valas were rather core. had been severely injured, but he soon mounted A murked feature of the year has been a Sugar, however, teils a different tale. We again and foished bis inspection with bis usual phenomenal interene in the exports of irct and imported nearly four millioia ort, more sugar, interest, as if nothing had bag ourd, though iron manufactures. The total of £10,00,000 is and paid two million sterling less for it. On there can be no doubt that His Excellency was fully eight millions sterling in zeess of the the other land, we took only slightly increased severely shaken. grevious rear, and nearly ten millions in excess quantities of batter and cheese, bacon and dead uf Buy year before 1815, except 1000, when meat, and we paid six millions sterling more for prices were inflated. Even in 196 when the them.-Globe. total value of the fron exports was £3,823,913, the total quality was 3,446,762

those for ons (the f

THE ILON TRADE.

for 1900*uantity of 4, 0,000

with

total

neares

Formidable, Queen (flag), Prince of Wales. Implacable. Venerable.

Irrrtistible, Four small oruisers will be attached to it.

The strength of the 1st and 2nd Armored Cruiser Squadrons will be reduced from six craisers apiece to four, a total reduction of foar armoored cruisers. The new composition will be as follows:

FIRST SQUADRON Good Hope (ing). Hampshire. Argyll

Roxburgh. SECOND SQUADRON. Drake (fisg),

Black Prince. Antrim.

Devonshire, THILD SQUADEON, Bacobuuts (Bag), Lancaster. Aboukir,

Suffolk. active commission with full crews are reduced Thus the main quadrons of the British Navy

Japar,

these are due to the

rance of the real onditions prevailing in Ubilese New Year holidays.

fancy will proared to "Yüunan soon after the

In the Mofji Ern, Japan has thrice Jaged in a foreign war, every time in order THE NEW YORK MURDER CASE,

The New York Times is not afraid of sub judice

amount stated i

to protect her rights, and never to make a

keaggrea. In the late war Japan than she in the negotiations sion on other countries preceding the war. There is no reason why rea rictions, the ways in

It is, or should be, with some disquietude, Japan should desito more and engage in another war. The military proposals now before the with pertani uneasy questionings, that one House nothing else than the reorgant reads the report of an infestion on the part of

embody

million sation and repairing of the national defences, Jourg Thew's relatives to spend half This is what every other country is doing, dollars in what they call his defence. The Japse is not to be accused of any aggressive amon

very probably an exaggeration, policy on that account. He begged leave to but the expenditures have already been very declare, not only on tehalf of the Government, large, others at last as great are foreshadowed hat on behalf of the whole nation, that Japan and the total sam is sure to be more than one or had to sggressive intentions whatever. In two hundred thousands. commerce and trade the country was united in Now, se much money as that simply cannet desiring to push its interesis. To compete with be used for legitimate defence in a case es ratingal right of all nations. If the world to which Tow or any intense of his rights other constries in peaceful pursuits was the simple and sleat as this one. Thooretically, all from thirty-three battleships in early 1906 to called that an aggressive policy, then he would entitled is the full maintenance of his rights twenty six, and from sixteen armoured ornisera not shrink frout being responsible for that under the Isw.

twelve, so that the fighting fores immedistaly | policy. available on the outbreak of war felle from forty-

The second sccident was, unfortunately, accompanied by more serions results. The horse feneral Rishnedson was riding fell into a blind piece of ground, throwing its rider boarily to the ground, The General pluckily mounted LATEST STEAMER MOVEMENTS.

again, assuring every one that no damage had been done and returned to his camp after the 0.000 tons last year,

completion of the morning's oporatlowe. It The I.G.M. str. Princess Alice, carrying the was then found that his shoulder had swollen saying this, we have not overlooked the fant that in the inflated years 1872 and 1873 the German mail with dotes from Berlin of the nonriderably, be having pitched on the point of total values of the iron experts were £36,000,000 15th Jan., laf: Singapore on Sunday, the 30th it, and it is feared that the collar bone bus been and £37,500,000 respectively;

but pig ires

irer then inst., at 3 am, ard may be expected here on or hadly finatured. averaged 3008. and 154 LOD, BR com- about Thursday, the 14th inst, at noon, pared

with 68, now, and the quantities exported The C.P.R. str. Empress of Japan arrived at wers 3,352,762 in 1972, and 2,957,813 tons in Shanghai at 9p.m. on Sunday, the 10th inst., left 1873. Tha

HOW TO BE Beautiful-Keep your com: that most nearly approaches again at 6 s., on Monday, for Hongkong, and year Inst

was 1889, is due to arrive here at 6 am. on Wednesday, plexim, Mrs. Eller's Orême Charmant. Lait year for the quantity exported when 4,359,55% tous were sent abroad, and when the 13th inst.

Charmant and Special Skin Tonie and Foudre average price of pig iron was 568. s tov. The NY.K. str. Hakala Maru (European Charmant will enable you to do it, Herroduction of nearly 25 per cent. The year of lowest exports, both in total Line left Kobe vis Moji and Shanghai for this Specialities for the Skin are the study of a value and quantity, was 1804, when 1,566,742 port on the 9th inst, and is expected to arrive lifetime. A. 9. Watson & Co. Ltd., Sole Agent toos were valued at £18,487,447, er about half here on the 19th inst.

the

in

to

nine in.ge armoured ships to thirty-eight-a

The supposition under which we all live is

that his rights would be fully guarded if he and his relatives were without a coat. *The Nearly all the education that men get, or at conclusion in all most inevitable that the Even then, the best and most modern ships least by far the best part, is derived from one's purpose of spending anything like half & are not to figure in these reconstituted squadrons, oWD study and reflection. Tus LORD million is not to defend Thaw, but to The Dreadnought is missing from the Channel CHANCELLOR.

"get him off."

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