1908-04-24 — Page 3

Page

UNION INSURANCE SOCIETY OF CANTON,

The SECRETARY having read the notice moncërin "the meeting.”

that the Society continues to prosper even in | these had times through which we are passing. Last year I had reason to congratulate the The thirty-fifth ordinary meting of the Board, the Secretary and Staff on the results of Union Insurance Society of Canton, Ltd, was their labours, and I am sure every shareholder held yesterday at the society's office. Mr. H. will agree that there is better reason for again A. W. Flada presided, and there were pretent, doing so on the present occasion. stened Heers, W. Haime, E, Ormiston, J. A. Plummer, with pleasure to the Chairman's onounce E. G. Barrett, J. W. C. Bounar (director)ment of a bonus to the staff. Year by year C. Montague Ede (Secretary), E. C. Lane, A. they have reaped most atisfactory harvests for B. Rotin, W. Uutton Potts, D, E. Low, J, A.

ne and we are glad to mark our appreciation of Jupp, H., M. Tibbey, P. C. Potts H. E. R. their ability and labours, That a bonus should Hunter, F. P. Hatt, Capt. Clarke, J. Barton, inve also been voted to our late Secretary in A. B-Lowe, C. E. H. Beari, Jon. Basil most fitting. Mr. Sanders has retired from China, but I think it would be a taat pity fex Tayler, Ho Fook, and A. V. Apear.

the Society to-loss-touch with him, and I feel. that I am erpressing the wishes of all shares The CHAIEKAN raid-Gentlemen, before, holders when I saggest that the Board should passing to the business of the meeting Ishould offer him a sest on the London Committee. I ke to notice the absence of three familiar suggest this, not so much on his account as ou faces. Mesera, Sieby and Wood have retired after ours as I feel that we should not lose the ad many years service ou our Board, during which vantage of his rip experiences. The steps period by their experience and sound advice which the Board have taken, in relation to the they have afforded the greatest assistance to the Australian business are obarzoteristic of the management of the Society. Mr. Sanaders, Union's sound and vigorous management. Tcon- our lato Secretary, has also retired and the best sider that the resulta achieved are preeminently -proof I can give you of his sble and careful satisfactory and I hope the Board will perer conduct of affairs is to recall to you the yearly lose sight of the importance of continuing to increase of dividend paid to shareholders and build up our seven-With these remarks, to refer you to the balance sheel now before Gentlemen, I have much pleasure in seconding you for a statement of the sound position of the report and accounts for 1906 and 1907. the Society at the time of his giving over oberge. As these gentlemen have retired, from China I feel that I and but "voicing your, sentiments in wahing them long enjoyment at home of the fruits of their labour. We will now proceed with the business of the meeting. The report and noconate have been in your bauda for some weeks and an you have no doubt carefully considered them 1 propcas to follow the usual procedure and take them read. In comparing the figures with those of the previous report you must bear in mind the fall which bas taken place in the gold valnecf tho dollar; this Les counteracted, as far Be the

appearance of the account goes, the shrinkage in takings consequent upon the almost unprecedented period of trade dòpression through Thiel we have passod, and from which we - are even low suffering but happily to a less extent. Our profite, however, whether viowed from a gold or silver standpoint are very satisfactory and we are able to recommend the Portuguese situation,

пот

The CHATMAN--Before putting this resola. tion I would like to refer to the suggestion made by Mr. Law as to putting Mr. Saunders on the Loudou commitice. This matter has not been brought before the directors yet, but will receive their consideration.

The report was adopted.

THE HONGKONG DAILI PRESS, FRIDAY, APRI

MUNICIPAL VERSUS PRIVATE OWNERSHIP.

The National Civio Federation has tried to relative merits of private and publie ownership determine impartially and solantifically the and operation of public atilities. In September, 1905. the Federation resolved to appoints Commission of 150 men, widely known as publicista corporation ohiofs, and leaders of Labour. By them a Committee of Investigation, consisting of twenty-one members, was a pointed.

The scope of the inquiry was at first an ounced to inslade Earope as well as the United fates, but it was finally decided the Europea research should be limited to Great Britain and

Ireland.

The public utilities decided nor for investi gation ware gar; electric lighting and power, water, and street railways,

In order secure impartial investigation, both Committee and sub-Committees of intes- tigation were about equally divided into three groups pros," "antis," and uxproneed The experts appointed were similarly nominated in each case, one by the pros" and one by the

"aulis.”

There was thus constituted something of the nature of that "independent andit" for which Municipal Reformers elamoured in the late London County Council elections,

ineteen members of the Committee of twenty-one sign the report, which thus sums up its more important conclusions

First-Public utilities, whether in publie or in private hands, are best conducted under a system of legalised and regulated monopoly."

Second-Pablie atilities, in which the sani tary mative largely enters, should be operated by the publio

Third-The sucesses of municipal operation of public utilities depends upon the existence in the city of a high capacity for municipal

government.

Fourth-Franchise grants to private cor-

fair valu.

On the motion of Mr. BARTON, seconded by porations should be terminable after a fixed Mr. BEATIS, Mrs. Slade and Ormiston, the period, and meanwhile subject to purchase at a retiring directors, were re-elected.

Fifth-Municipalities should have power to Mr. Jurf proposed, and Mr. Tiener second-enter the field of manicipal ownership upon ed, the re-appointment of Messrs. Hatton Pott popalar vote noder reasonable regulation.

Sixth-Private companies operating pablis and R. Lowe as directors. Carried.

THE GERMÁN NAVYDU

The recent naval debates in both Houses of the British Parliament confirm the Hamburger Nachrichter in its frequently expressed opinion must improve to an extraordinary degree from that the relative position of the German Fleet the moment when only really Brat-class vessels

are built, I

In former years, it states, that is, until 1966, the fast was folly appreciated in England that the German Flest would never. bo dangerous or even cause the English much trouble in a fight, vn the individual superiority

English even doubted that the Germans sould the English ships wua tes great. The ever build ships as large as theirs, but this doubt, it adds, has now been removed, and hence the increased anxiety: The organ of the traditional Bismarckian-pelley then-contienes

"It is free the English can all times lay down twice as many ships as we, but if they did ao their Budget would be swollen to sous proportions, and it must not be forgotten that Frgland also requires a very great pamber of torpedo-bosts, of submarines, and of small ornisers, and that her ports and barbears must be enlarged or increased. Aboyaall, however, it must not be forgotten that in the case of a war with Germany England would be compelled in future to stake very much more than abe has hitherto saloninted, apon. The more ships' the builds, toe, the more difficult it will be, as experi- ence-bas already shown, to ingrease the tech. vieal personnel to a corresponding degree with cut a deterioration of its quality. The off repeated statement that we would not improve our position in regard to England by building good ships and by accelerating their construc tion is thus proved to be superficial und false. Each rewrst-plass ship increases Germany' power, however many ships the English-mey build,"

The German raval critics constantly claim that Germany has an inexhaustible supply of first-class technical personnel, and the author ties are, moreover, devoting the utmost attention to the development of the means of fraising students in ships construction in the Technics Universities. Count Bernstorff, a retired naval commander, writing on this subject in the Tag, statos:

TO KEEP FREE FROM COLDS DRINK

WHISKY MACDONALDS.”

*WHISKY MACDONALDS" (1/3 Crabbie's Ginger Wine with 2/3 King Edward Whisky, or Perfection Whisky or Club Whisky) sro-druck-all-over India to preve Colds and, to warm the cockles of the heart. Try them. Very foutive for this we a Shooting and Pionic parties should not be without

CRABBIE'S GINGER WINE.

H. PRICE & CO., LTD.

WINK, SPIRIT & CIGAR MERCHANTS,

12, QUEEN'S ROAD CENTRAL.

[35

TELEPHONE No 15.

Hongkong. 51st April. 1908.' AMERICAN FINANCIAL TROUBLES.

MR. ROOSEVELT'S PROPOSALS TO CONGRESS.

THE

A delegation representing the great com mercial interests of the Middle West, which was received by President Roosevelt on March 22nd present d to him an address; in the course of which it was stated that business conditious wera. nover more prosperous prior to the pasio of lant ROBINSON PIANO antsma, but that now certain lines of business are almost stagnant, & situation brought about

by

CO. LTD.

WO IN ONE"

the fear of the people as to the stability of some of our institutions. This condition of affairs was necrited primarily de gross violation of the law by some of the corporations, and to the fact that the currency system-is-incapable of responding to the needs of commerce, and, it was added, it was accentuated by the life insurance investigation in New York, the earthquake and are at San Francisco, and the disclosures of arcekedness in high finance. The address praised the President "for compelling respot MUSICAL

of the law by great and small-alike," and re quested him to indicats to Congrees the correo- tive measures which it was necessary to take.

As a result of this address, and after a con- ference with the Republicau, lesdera in both Houses of Congress, the official sunouncement President would in the course of the coming week communicate his views to Co gress.

The HAIEMAN-Tbat is all the businesstilities should be subject to public regulation to the most insignificant sailor or stoker. 10 was made at the White House at might that th

PORTUGAL.

and examination under a system of uniform gentlemen. Dividend warrants will be posted records and accounts and of fall Lublicity.

Seventh-The Com nitten takes no position this afterupon.

on the question of the general expediency of either private or public ownership. The question must be solved by aach municipality in the light of local conditions. The people must remember that it requires a large class of able men as dity officials to look after these matters. They must also remember that mani- nipal ownership will create a large class of employees who may have more or less political

M. Finot, tha editor of in Herne, contributes to the Contemporary Review an aopout of the

payment of a flas! dividend for 1906 of 815 porto have made him an excellent king. A distis- Don Carlos had many qualities which sught share. The interim dividend of £20 declared at guished, iterateur, a skilled connoisseur, a our last meeting was paid when exchange delicate and agreeable conversationalist, he had stood at 21; the full dividend for the year a wide enough range of knowledge to make a therefore shows a steady increase both to good monarch. But he was among the worst. shareholders resident in gold using countries We owe the truth to the dead as well as to the living. Why then disguise the fact that the and those living out here: it must also be borne Portuguese people, divided as they are in their in mind that thin payment fa made on our political idous, were absolutely at one in their crossed capital, which is very significant. Wo very slight entsem for their king? The king further recommend the addition to the fold felt it, and while he felt it erjoyed a sort of in exasperating the people's strange crquetry reprve fond of £20,000 and the carrying for feelings. Thus be throw in the face of his ward of the balance of 8430,000 to underwriting people an insult, in an interview in the Temps,

uspense to cover outstanding lezars. The which they longed to avenge in bis blood.

The king, though mild in character, fast figures for the year 1907 as shown in the report

had

the price of

and pot seriona,

demiurge, lodged in su empty mind. The antagonism between him and his people bad quite discouraged him. He sought oblivion in orgies sufficiently innocent, but which in Lisbon, a large provincial towu, were thought the feter of a Nato. In frath he was bored. He courted all the pretty women, and was always dreaming of foreign travel,

Having thus, lost touch with the people, he failed to take in the fact that his oxtravagance alienated all sympathy from him.

Franco the Dictator said to. Finot- Our country has suffered and anders still from There is too much administrative corruption. extravagance and too many abases. I shall have reform-much of the machinery and get new lawa prased; and when she years han co prepls see what I have scecmplished they will excuse my brutalities and violations of the Constitution. It is necessary to give Portugal e alatary shake, which will put fresh life into an organism which is prematurely old

influeneo.

WHAT 18 RELIGIO »?

Professor F. 8. Hoffman, writing in the North American Revice upon What is Religion begins by explaining what it is not. First, religion is not to be confounded with religions, Becondly, it should not be identified with the existence of superhuman spirits. Thirdly, it does not primarily rest upon a belief in bonne immortality, neither is it dependent upon the belist in one personal God. No one was more religions than Spinosa, but Nature, or the. World-Forge, was the object of his reversucs. and love, Religion is not in some particular feeling or sets of feelings, nor is it primarily a doing. A correct definition of religion must not refer either to any specific belief, or kind of feeling, or set of voluntary sets, but to the whole of man as a knowing, feeling and willing being.

Beligion in the truest and most profound sense of the term is not primarily dependent upon any specific set of beliefs. It does not rise and fall with thess beliefs, or go out of existence if they ocaso to be. The greatest question of our time on this subject is not any longer whether a man has any religion, whether the religion that he does have is of any raal valge; whether it is a help or a hindrance to his own progress and the ultimate triumph of truth and right.

brat

with it. This is what Caird has condensed into the statement, "A man's religion is the expression of his ultimate attitoda to the universe Evolation of Religion," vol. i. p.

30).

Every sane man must worship something. He mast put something over and above himself and pay that something homage. Modern. students of the subject of religion are now everywhere admitting the great truth contioned in the statement of the suoient Pealmist that only a fool cab Bay in his heart, "Thore is no God." They are willing to go mach farther and coast without hesitation the recent assertion of President Eliot of Harvard, tho: the true test of any man's progress in civilisation is bis ides of God.

We can say with pride that we have at our disposal a frat-cines personnel from the admiral zo Navy do high and low work day and night summer and winter, the whale year through, with euch devotion, such affection, and enot perseverance as in our, in order to keep what naval material wel

ve possess up to date and to make this weapon as sharp as possible. Whoever reads with attention the reports of the numerous exercises and trips for macarring purposes which are ecnducted with our Flast, and which make such heavy demands on the love of service, the perseverance, and the staging powers of the eres, must be filled with pride and joy by the knowledge that wo possess snob a corps of mal offlers and such crew. It is, therefore, only a justified demand that these men aball have first- class ship material under their feet, ship material which also in respect of its armament is at least equal to that of other nations and preferably superior to it. This is a point which deserves the most careful consideration of the nays authorities"

THE ALL-RED ROUTE.

LOESLINE OF TUM-SCHEMB. * Mr. Sifton in the Candian House of Com- mons spoke of the part he took unofficially in bringing the All-Red Route" before, Mr. Lloyd George and Mr. Asquith.

The nature of his recommendations: bas, not It is understood, been ofleially disclosed. however, that he will args the paming of the Aldrich. Financial Bill, deolare in favour of tariff revision being taken up immediately after the inauguration of the new President next March, propose the amendment of the Sherman Anti-Trust Law and the making of concessions to both capital and labour, and urge the passing of an Employers' Liability Law and legislation restraining the use of a writ of injunction by the Federal Courts.

THE LATEST

MARVEL.

THE

AUTO-PIANO

JA PIANO & PLAYER COMBINED)

RECITALS DAILY.

If you are interested, come to

hear it.

You will not be asked to purchase.

Hongkong, 6th March, 1908.

THE AMERICAN LABOUR MOVEMENT.

VEILED THREAT

With the exception of the recommendation advocating the passing of the Aldrich Bill, it is not quite easy to see how this programme will restore business confidence. A tariff agitation notoriously unmities business, and although there is a very strong sentiment throughout the country in favour of a reduction of datiss, there is also a vary strong sentiment in favour of leaving the tarif alone and "the standpatters" are waging a vigorous campaign against the revisionists, which is one reason why "the Although there le 'ne Labour Party in Con- standpatters oppose the nomination of Mr.gress, so thers is in the British Parliament, Taft, as he has announc d that he is in favour labear in the United States exercises greas of revision, Whatever may be the ontoare, political infance, and there, as in England, it the fear of a reduction of datles will tend to

is constantly increasing its political demands. our tail manufacturing and limit production

The Republicans now, find themselves in an embarrassing position. The Saprome Court He said that before going to England he had until business can adjust itself to the new

baving recently dooided that a labour boycott is conference with Bir Wilfrid Laurier, who conditions.

An amendment of the Sherman Law per-n violation of the Sherman And-Trut Law, the agreed that he (Mr. Sifton) should do what he could to give effect to the resolution of the mitting combinations among railways would be unions insist that the law shall be amended to as Colonial Conference, and the result of his meet-regarded as beneficial by business man generally, and also that by dirent enactment boycotts shall ing with Mr. Lloyd George antieked him that but coupled with this is the demand of the he made lagal. President Roosevelt is willing the provisions of the Sherman Law defining the second, and the leading Republicans in both when Canade, Australia, and New Zealand Labour unions that they shall be exempted from to gres to the first proposal, but he demura to approached the British Government with a

a combination in restraint of trade and another Houses of Congress tell me that it would be

which is the most insistent demand of labour definite proposition it would receive the most. cordial sympathy.

Igal status to a boycott. that boycotts shall be legalised. To both posible to secure the passing of a law giving these, but to the demand for the legalisation of boycetis especially, there is euch determined pr-longed debats, and in all probability be opposition in Congrose that they will rajao defeated.

In describing the scheme Mr. Sifton said that the natural diloulties were all on the Atlantis, and the opposition in large part the bydrographic maps Mr. ifton said they proceeded from the underwriters Referring to showed twice sa maoh rainfall for the United States route as for the Canadian, the percent. age not bolag large, even in the Gulf of St. Lawrence The ice was no great diffealty, requiring slight deviation to the south in winter. From 1880 to 1907 of the five vessels (not Inelading coasting) lost on the Liverpool, Helifex, and Quebec route only one was lost in The cost of the 24-knot weekly service between consequence of the danger of the roits. Liverpool and Quebec and of the fortnightly ser- vice between Vancouver and New Zealand and Australia was a subsidy ot £1,000,000 annually The subsidy world be allegated as follows: Australia, £7,000, New Zealand £100,000, Canada £325,000, and Great Britain £500,000. New Zealand was favourable, and the others had yet to be heard from. He believed that Great Britain only wanted a joint representation from the Colonies to take up the project. He expressed the bops that the Canadian Pacific, the Grand Trunk, and the Canadian Northern Railways would join and make the scheme a sucose, with the result that Canada would be placed thoroughfare instead of being, at

од

A delegation representing the American Federation of Labour presented a memorial to peaker, urging immediate action by Congress Vice-President Fairbanks and Mr. Cannon, the

of the boycutt question and other legislation The other measures-empleyers' Bability and | in- which labour is interested, including the the restraining of the uas of the writ of injano-passing of an Employers Liability Bill and the tion-pro merely to satisfy Labour and a law to restrain the issuing of a writ of injuzo. attempt to bris tout better relations with tion by the-Federal Judges, which laboar capital.

A NATIONAL WAR CHEST.-

bitterly complains is the weapon made use of by the capitalists to oppress the working man. The memorial of the Federation thinly veils a threat to bold the Republicans responsible in the case of nou action by Congress. While no member of

individual responsi

· Is there a suficient reserve of gold available, Congress can evade party at all times in Britain to meet sudden demands bility, the memorial says, "we arer that the of orisis anck for instance, a great war party in power must and will, by labour and its might entail? Sir R. Giffen, KC.B. addressed sympathisers, be held primarily responsible for a sympathetic audience on this subject at the failure to give the prompt, full, and effective Con- Royal United Service Institade ast month, Bir gressional reliefwe know to be within its power. Felix Bohuster, member of the Council of India, The memorisi further warns Congress that Avoiding the purely repression of right is bound finally to break being in the shair technical view it the war chest, the speaker forth in a violent form of protes, especially among the mora ignorant," who will feel great bitterness if they are denied by Congress the consideration they have a right to expect.

asked

Both Mr. Fairbanks and Mr. Carbon expres- sed sympathy with the movement to scare the pasally refrained from making may expression. of an-Employers' Liability Bill, but spion regarding boycotting or other

opinion

are satisfactory on for a they go, there have been a good mary minor leases but no abnormal ones Lee the loss of the year, and although trade showed no improvement during 1907 Iam happy to say that we have every reason to believe that the account when run off will compare facomably with its predecessor. We therefore have no hesitation in recommending the payment of an interim dividend of $30 per share on account of 1907. These results, gentlemen, are matters for congratulation, and you will be glad to hear that we bare not forgotten the fficers whose work has brought them about, we thought it right-to-vele a bonus to the Eociety's servants in the form of an addition of 15 per cent of a year's salary to

The first element, therefore, in religion in the the provident fund of each member who is

recognition of the existence of a power tot oar- in our service at the end of this month

selves pervading the universe. And another is the endeavour to put ourselves in harmonious as well as a cash bonus to Mr. Saunders who

M. Finot says that in Lisbon even Franco's relation with this power. Every cane man left our service at the end of last year, and I enemies admitted that, detestable thong believer, at least, that he is only a fraction of

he was

the sam-total of things. He also facis som as a politician, his personal charac feel sure that you will approve of our having Lay was not open to attack. He prevented dependence upon this sum-total, and he is dono so. Our amalgamation with the Chinmother men from ouriching themselves Traders bus worked smoothly and our anticips- the expanse of the State, but be didbliged to put himself in some sort of accord tions as regards the reduction in our charge not prieb himself. They told me many lively stories of this plunder of the State to which ratio have been realised. With the exception of Franco bad put an sud. It was, perhaps, the Australia our branches, especially London, have meat courageons act of his reign. teen economically and profitably managed. It-The Republicans have grave complaints to Tas known to us that business in Australia bad make against Queen Amélie. She is a olerical, not boon going well for some years past, but in which offends the Portuguese people. In that country, where the priests bare to go about in the hope that matters would improve automati- civil dress and have morganatia wives like roysi cally after the amalgamation of interest with personages, and large families like the patriarchs the China Traders no step was taken in 1806; in the Bible, such as accusation is seriously last year however it became apparent that regarded by the people. And the queen's enemies rub it in. One of the leading Repablicans told radical changes were necessary and Mr. Eds me that it was on account of Queen Amalie was sent down to study the situation ou that King Carlos did not return the visit of the spot and report; sizce his return and noting his royal cousin at Rome. Everything had been settled for the journey, when, prompted on bis recommendations we have not only placed by his wife, he wrote to Victor Emmanuel that the business under new management but, we

he would be very glad to visit him in Italy, and after that there was a have adopted a policy of retrenchment and have but not at Rome. decided to dispense with the services of tea regular coolness between the two Courts. This members of the Australian staff. This step, story may be true or fals; but it has passad

∙liko a

storm all over Portugal, and alisaated while in no way imparing our efficiency there, the last traces of sympathy from the widow will show an annual saving of some £500; of Don Carlos this saving will not however be felt until next

Perhaps there will be only one isn to this year. It may be, and indeed has been said, that no compensation is due to the Australian staff monaroby in chava Republic. The other day I was visited by one of the Republican whose combined work has not produced any leaders, whose high chat acter and eloquence profit in the past, but this, gentlemen, is not command the admiration even of his enemies

Magalhas Lime."The Republic is at hand," our view, nor, I am sure, will it be yours.ba Loid me, and b's face was lit ap be joyful The fault lay more with the system of work- hope And afterwards? said I you in all quarters concerned, the Canadian do ing in Australia than with the individual really believe that a change of the label alters vernment being particularly anxions to learn o doubt," he the views of the British Government and worker and in view of our undertaking to treat the nature of the liquor?"

"The monarchy has proved its to discover some means by which England, replied. old China, Traders' servants as if they were the character. Think of our 75 per caus, of Cau ude, and Indie can co-operate in an arrange Society's servants of equal standing we have illiterates, of our undeveloped resourers, of the ment which will be satisfactory to all parties. decided to pay each officer whose service | ruins which lie all round us. It is we who will It is important to bear in mind that Canada's terminated on the S1st March last, one month's transform the government, and with changed desire for the restriction of Oriental immigration salary for very year of service, conditionally political conditions we shall infuse o now spirit is as much in the interest of the East Ladiaus into our people," the Portuguese Republicans themselves, many of whom are believed to be the

There is no trouble about latting go, if we on bis doing his best not to estrange the good have an ardent faith. Le: us respect this victims of exploitation, as it is for the prevention will; this will cost some £7009, but as we are in religion of theirs, which bas zot yet had an op- of possible complications in the labour situation

want to let go. It is us easy to haul down the tag in the Philippines at it was in Mexico and future saring £5000 annually the Society portunity of either deceiving itself or of failing. of the Dominion. The experience of last year showed that the East. ludians who went to

Cuba. We do not want the Filipinos BS "recoups Itself in its outlay in eighteen months

Canada were in many cases wholly unsuited fo

citizens they are too remote from us to understand our problems or we theirs, and the and I am sure our action will meet with your Published by enter of the Inspector General the elitate and conditions of the country, and

intercours between the two countries is not approval. Before proposing the adoption of the of the Imperial Maritime Customs, the "Last that they suffered greatly in consequence. It

HOW TO BE BEAUTIFUL-Keep your com-sufficient to enable us to sairailats them. To report and noscunts I shall be glad to know if of lighthouses, lightressels, banys and bensons is a fact well known to the authorities that the on the coast and rivers of China", shows that wholesale emigration of natives from India is

plexion, Mrs. Ellen's Crème Charmante, Lait make them citizens would simply inject another any shareholder wishes to ask any questions. there are now 116 lights, 5 light-vessels, 2 not a spontaneous movement, but is largely far too soon, but fortunately the hero (though Charmant and Special Skin Tonia and Foudre mos question into our politics, and that, too, a

There being no questions,

light boats, 137 buoys, and 110 beacons, a brought about by private agencies, who make a donghty fellow on horseback or on desk) is an total of 992, which would indicate thest fair Anancial gain for themselves and who do not azzaai simplation before a petticosts so the Charmant will enable you to do it. Her question which would have to be solved at arm's progress is being made in the direction of consider the welfare of the emigrants or the interest of a stirring, moving tale knows no Specialities for the Skin are the study of a length. They cannot be subjects, for there is 629 be half repablio and half empire.-W. J. Bryan the World of Work for February. lighting the Chinese coast in the interest of possibilities of the complications which are likely abatement until the anal page. "Tis a rattling lifetime, & Watson & Co., Ltd., Sels Agents no place for subjects in a republic. We cannot the mariner and the shipowner,

Mr. D. R. L&w said Mr. Chairman and gentlemen, I rise with much pleasure to second the adoption of the report and accounts for 1906 and 1907. It is very gratifying to see

M. Finot says :-***

CANADA AND THE ASIATICS.

KICEND UUT FOR THEIR OWN GOOM Mr. Mackenzie King, Canadian Deputy Minister of Labour for Canada, has already had conferenous with the Earl of Elgin and Mr. Morley and the departments oficials of the Government Departments interested with regard to riental immigration to Canada, and particularly the question of Indian immigration. is mission to Britain, is not to prop so any hard and fast scheme for the regulation of Asistio immigration but to see that this very differlt, subject in all its bearings is appreciated

to be produced by their entry.

present, in a side street.

WEATHER BEFORT.

The Hongkong Observatory yesterday issued the following report:→→

On the 23rd at 12.05 p.m.-The barometer has faller quickly in the North owing to the appearance of another depression over N. China, It is apparently moving Eastwards

Pressure is now bigbeat over 8. Chins, where gradients are slight.

to

Light or moderate variable winds may be expected in the Formosa Channel, and moderate N.E. and E. winds over the N, part of the China.

The Japanese returns are not yel hand. Hongkong Tainted for the 29 hours ending at 10a.m. to-day, 0.00 inches.

The forecast for the 24 hours ending at noon to-day is as follows:--

(E. wieds, light

fire, Hongkong & Neighbourhood or moderate;:

Variable winds, light or moderate,

Formosa Channel...

Same se No. 1.

South coast of China between Hongkong and Lamooks. goath coast of Chins between

Same as No. 1. Hongkong and. Heinen. }

"A Jacobite Admiral," by R. Foster, (London: John Lorg) is fast as good as a Marryatt Story. The heroine shows her hatid

good story, aged.

of

measures on the Labour programme,

What would happen if France and Germany, with their allies, wars to be again at war, or if paan Power, were to be embroiled! Or if, absit, the United States and Japan, plus a great Euro- omen, this country were itself to be engaged with Germany, or the United States, or Russis, with perhaps one or two more Slater joining in es oor ailies or enemies fiach a war would bring upon

The Temps pablishes an interview which its Is, as well as apon the whole community of oivilised States to which the system of inter- representative has had with Mr. Taft, the national oredit extende, quite unprecedented American Secretary for War. calamities and dangers. This would result from Mr. Taft is reported to have stated that if bé the breakdown of the credit system itself and were elected to the Presidency he would follow the interruption of international commerce. In absolutely the same policy as Mr. Roosevelt, past times great injuries to such commerce as particularly in regard to the great loancial corporations. When questioned about the existed were due to these causes.

The mere possibility of a raid upon these grgoment regarding Japanese immigration shores, though foredoomed to failure, might, into the United Stater, he expressed the opinion exaggerated, and which he did not think could Sir R. Giffen suggested, topple down that that the Agreement completely overcame ail country holds the citadel. fabric of international credit of which this the difficulties, which had moreover been greatly Should a grast war break out and business bebe revived in another form and on another situation. The cruise of the Americas Fleet widely interrupted, the demande apon English point, for the Jingoes were not masters of the banks, quite apart from panic at flest, might would itself create au incident, and if the Fiest easily become overwhelming, and the paltry twenty-five, forty, or, say, fifty million pounds went to Japan it would receive there a warm which is all we have to show, would dwindle to welcome which would surprise the pessimists. There had been no addition to the programme nothing in a day or two.

It was very desirable the hands of the banks of fortititations on the Pacific Coast. should be strengthened against any emergency.

The problema of our banking system would certainly be easier if it were the babit of every- body as well as bankers to keep a larger propor- tion of their peana ia liquid form than they do. We shall be lucky if the lesson is learnt without the great war which will surely bring it home.

A vote af ibanks was made to Sir R. Giffen for his paper, and several other gentlemen ad- dressed the meeting. ---

1

CAN AMERICA LET THE PHILIPPINES GO: