1908-06-15 — Page 3

Page

AT THE GATEWAY OF INDIA.

THE IMPORTANCE OF THE HYDER PASS TO THE EMPIRE.

.

THE HONGKONG DAILY PRESS, MONDAY, JUNE 15TH, 1908. __

MAN'S ORIGIN.

SHIPPING BUBSIDIES IN JAPAN.

BLACK & WHITE WHISKY, THE POPULAR SCOTCH.

PROPOSED REVISION OF SIISTING LAWY. It is reparted that the Department of Com- manications has in contemplation the appoint. meat of a commission for the investigation of

baidies. The idea is to inquire into THIS IS WHAT THE MEDICAL “MAGAZINE" BAYS ABOUT THIS WHISKY:

pessible that a return to that mode of procedure of attack by a fores of Afghans, is at the Afgbau | binłogy, he tells us he is more than ever conitsaktained by the laws for the encourage-

NAVY LEAGUE AGITATION. “ The President and Chairman of the Navy League suggest that there should be a new Naval Defence Act, in other words that a ship. building programme should once more be dotermined for several years in advance. It is But the House of would just now be useful. Common before giving ita sement to such e menco would probably wish for ama informa tion

showing how it came to pass that in the period between the last. Estimate of the late Government and the first of the prezent Govern most the Board of Admiralty in a published paper

laid down as necessary an annual minimum

has the modern apart -the chimpansee, gerilis, mout of shipbuilding and navigation now in and the necessity or otherwise of their

Landi Kotal which is apparently in danger end of the Khyber Pass--the last Brilish

Mr. Bidacy Low speaks of it as this lonely

And the Empire's rin.” It i sentry box on surrounded by mountains. In front-lies the unknown, behind runs the narrow pass through the hilla leading back to the Indian plains.

Jon the part of the present Bus British officers. Mr. Low, writing of Landiared, are

says.

forge, an

public confideyas in the naval advizers of the British subaltern, neat and cool and comfortable, andre very much less than botwoon the spea directed to the matter. The laws for the

In this forlorn abiding-place you will find the-and- a toy with clear cheeks and smooth hair, who handles bis half-hundred wind-bsked romans math as if they were the Second Eleven, and be their captain.

real.

yen,

飯

SAFE

IT IS AN EXCEPTIONALLY

SPIRIT FOR ORDINARY USE.”

ARE SEE THAT YOU

SERVED WITH THE GENUINE ARTICLE.” INSTANCES ARE KNOWN THAT OTHER SPIRITS ARE PUT INTO BLACK AND WHITE WHISKY BOTTLES AND SOLD AS ́

BLACK AND WHITE WHISKY.

J.

H. PRICE & CO. LTD.

WINE, SPIRIT & CIGAR MERCHANTS,

TELEPHONE No. 135..

Hongkong, 12th June, 1908.

NATIONAL ART-COLLECTIONS

FUND

because iho-Nary was all that it should be will drilling his men, or teaching tilam, or making and the grooves and convolutions, there is a poses of ús development of the maritime trade Mr. Harcourt, M.P., the First Commissioner of

up their accounts, or finding out what mischief fundamental similarity. is brewing among the villages.

His life is as hard and as busy as that of the juniors in the wardroom" of a man-of-war; be Stakes it with the same reserved vivacity; he

the Admiralty system of naval gunnery, hae in always idlu. They should go and look at bim grinding food-frais especially-cr for redue foreign ountries in the transport of cargo and diverted the stream of artistio benevolence

of

The Khyber Rifles keep the porco of the pass, teeth, but the sere for warfare large, canine important part played by the Japanese merchant

practicable for artillery,

a

"

to

that

were

of

of

At the Fame time, the ridges of bone have been successful. The Bombay line for halls and gallerie which had been provided, and i

DIFFERENCE BETWEEN VALUE

AND MARKET PRICE.

they

Just

12, QUEEN'S ROAD CENTRAL.

[85

CALL AND SEE THE

RACHALS-AUTO

PLAYER PIANO

AT THE

The Chairmani, after thanking Mr. Harcourt

Tho metion was adopted, The members of the council and exobutive committee were re eleased on the motion of: Mr. Terrell K...

Dr. Theodore N. Gill whom Professor Spanes Baird a generation ago termed "the most learned of naturalists," has recently sammed up

After his views as to the pedigree of man. more than half-century spent in the study of vinced that man has had the same past history

dorangoutang, We have parted company, he says, with theso revision. At the same time the Director of the relatives of cars within a recent geological Shipping Baron will be dispatched to Europe period. If we could resurrect our remote and America for the investigation of the practica It in garrisoned by the Khyber Rifles, a forescentors we should have animals little morein vegue in the West in similar matters. Writ Shimpo romarke that an amendment to the two of abips to be built, and that the Eame the relatives of the never quiet raiders of the gorillas of today than they are from cao laws referred to above bas more than once bee reunited from the wild Afridis of the hills, distinguishable from the chimpanses and ing with reference to this subject, the Jiji is many lawless orang catacg tLoso The difference botween 118

term of contract for the subsidy of the European SOLE AGENTS: proposing or accepting a yearly output very apariences..

These men have been treined by a handful of apos, so far structural conditions are con

and American steamship linee will expire at the Tha!

mitoh lese than between them decidedly smaller than that min mun.

and the old world monkeys of Asia and Alriad of the next fiscal year it is not unnatural change

that the attention of the authorities should be Kotal, I as it has been by changes in the shaken German shipbuilding programme, has

the now-world monkeys thoas of tropical First Lord, and strengthened the belief that

America. It is true that we have diverged encouragement of shipbuilding and navigation the arrangements oxisting at the Admiralty

great! from the apes in external appearance were framed and put into operation in 1896, American, Australian, Bombay, and some other. fail to spurs the best professional advice for

sad in certain features, but those differences and the grant of special bonaties to the European, are more superficial than the Government upon the large questions of

But is not man's brain vastly superior to lines osme into foros during 1899 and 100), Is has to be something of a loguist, an

The amount of the special bounties paid during bo war and of preparation for war. It may

ape." he was asked.

MUNIFICENT GIFT TO THE NATION. argent to incitare the output of battleships, the ethnologist, a cartographer, a diplomown by is it is true," the Doctor replied, that man the past zine years has reached 60 million you

ahoorful youngster; he may be shot down

At the fourth annual general meeting of construction of docks, and the creation of

matobers of the National Art-Collections Fand, base in the North Son, but it is still more stray sniper from the bills any morning as he differs considerably in brain, so far as size is while the total shipping subsidies for the current

of which the King is patrou, held in the rooms urgent le restore, public confideros in the poes Lis reauds; he has no one to talk to but concerned, but that differance is only a granti-year is eslimated to reach the sum of 13 million The expenditure of this amount for the yar

of the Society of Antiquaries, Burlington House, Board of Admiralty The Admiral who at three or four of his own comrades, no society, notative one in question of degrea, not of kind). Chriiki told the nation to sleep soundly Amusements hardly any leisure; he is always In the relations of the parts to one another,

may seem too large in comparison with the hagely be able to put his name to a demand for

"What were the causes of the spe's trans: amount seus by other countries for similar Works, announced a gift to the nation by Mr. greatly enlarge Estimates next year. This is

formation to man F" Well, we will suppose purposes, continues the Jiji. It should be Duveen, sey., of a new wing to the Tato Gallery, remembered, however, that the protestion giver where the large part of the Turner collection is on aspect of the subject which ir. Yarburg

Mr. Harcourt moved the adoption of the and bia effeggdes som hardly uns cens

that some of our she astors found that they by the Government: bon materially helped the to be bouged. Lord Entoarres, M. P. presided. dergla Yet it is the most refidus aspect of the

would not their formats with their neigh extension of the skipping trade suread as well keeps his health, his manners, bis sense of than their tooth in

Ha congra'alated the souncil and committee, on their work, and especially on having tactfully Au abu writer who, under the title of "Si bumour. There are there who say that the hours. Now, the teeth of apes are not those of as the growth of direct trade. The amount of report, Barbara,'' han fately bana exposing the awe in young British officer is always foolish and carnivorous animale, but are primarily for money smaually earned by Japanese ships from passenger is put at Y20,000,000. Further, the

into a channel which would contribute not ing food to pulg. - They have

simply, And for the Nations! Review expressed a strong opinica in India, and, above all, ou the frontier.

ses only to the popularesjayment, bat to the enrich- marine in the Japan China and Russo-Japanesement of the public collections. It was a great adegree to the present Beard, During the

after our wars will be fresh la the muniory of all. A past three or four years," he sare, we have but fifty yarde on each side their jurisdiction that reason are more developed in molea.

Now," continuad the Dootor,

a society which secured by bequest, acquisition, wasted and destroyed he labours of the whores, and beyond that line Afridi and Afghan

without the help of her mercantile fost precedify generation. This is the indictist can raid each other and slaughter and work ancestors found their arms more efficient for certain foreign critis went so far as to assert advantage to the country to have inexistence such warfars than their teeth there was a reduction made against the prement Board of Admiraly their ow aw at will.

late too greit tendency to trips across the' by Naval officer who undoubtedly represents Through the Khyber Pass, which is at one in the latter in the canines first. This was in Japan would not have been able to obtain so and purchase, the retention in this country the provalent judgoment ef the Service. part only ten feet wide, Persian, Greek, sccordance with that law of nature providing decisive a victory in the late war with Russia. those gous of Europan art which had shown

Mongol, and Afgian conquerors lave poured that when there is little, use or there is disuse carrying of nails and sur chiefs is a Atlantic without a return tiokot. After years ROBINSON PIANO Co., LTD.

of mails and for other objects is a Dondemns the scrapheap policy

"or ulsera sloop and sacoussively, from the barren moutains of of an organ or part, its reduction on to measure generally followed by any civilised of trouble, of argument, almost of quarrel, and ground that

fight gunboate, the peace patrol of the Empire, Central Asia to plunder the rich plains of will ensue. So as our ancestors carne

tor Museum He condem India. Through the Khyber again would come more with their arms than with their teeth, countri's though there are of necessity different of constant difficulty, he was glad to say that approaching their completion. were swept from all sens." the nucleus crew system and the two yeath

He was extremely glad that the final stage the men of the worth, eager for leof, if taco the and as their teeth, consequetly, became reduced methods adopted by thew, acording to the con- the great new buildings of the Bouth Kensing should be reached during his tenure of office, Dominion System. He records with disapprotecting band of Britain were removed from in size, there was at the same time a closing of ditions sad, circumstances prevailing in their the gaps in the upper jaws which received the countries The object aimed at by all countries

of proval the reduction of the Channel Fieet from the soft plainsman.

in The Khyber follows a narrow winding course canine leath, scd thus gradually developed the in thus subsiding their merchant maring is the

the fittings and illamina. Bly-seven vessels, to twentyone and the make-

tion of thon buildings... He would not entor believo creation of a Home Fleet. His review of twenty miles, full of perilous twists and very nearly even end uninterrupted row of development of trade in time of peace and its insanch as it afforded him an opportunity of the etions of the present Board leads him turas between einister cliffs. It is overhung teeth in man. Raunotion of the jaws was employment for warlike purposes in time of sar. taking some part

contemptrary, to the occlusion that no one buta parlingby-moanisins which riss sheer from the pass to coincident with that of the teeb, ne was that Generally speaking, continues our vernacnlır into the vexed question of the external slevation, | Japan's forts in this direction but he was sure that when they saw the noble "seriously supposes that the Admiralty have heights varying from 1,400 ft. to 3,000 ft. Yet, of the mussles actuating the lower jaw.

instance, has already become self-supporting, any adequate conception of their responsibiliti u spite of its difcalties, it is the only one of

the many passes that lead from the North-West sapporting these muscles-ridges so character while the other over-doa liuss, despite the kagu, the way in which they were being fitted, to the Empire" There is not a point in the indletment so far as it is here reproduced which Frontier of Indis into Afghanistan which is ristio of adult ape-likewise disappeared. And competition of strong rivale, are making steady would appreciate the fact that it was one of the while those changes were in progress, greater is not endorsed by most naval officers of

Perpendicular, impracticable mountains of intelligence was being developed and the brain progress As a result of the investigations to greatest advance which bad baer menda for The be undertaken, the Government may porbars many years for the exhibition of that art

in which this country was no rich. aulo ess standing to be entitled to form smooth rock foxer 2,5000ft shove its narrow was consequeatly increasing in aze

now he was contracting a great new block judgment on the questions involved. From i

sidios, but it would be unwise to endnugor, by for the British Museam which, a curicas Board of Admiralty which has thus los est parts. Groups of promontories nose them culmination of these changes was the skall and find it necessary to readjust the amount of sub- selves at intervals into the gorge, rendering brain of man. Only in such and like characte

parsimonious policy, the foundation of an indua coinsidence, was being bailt on Jand which was the confidence of the profession and

bought as long ago 1894 for that purpose by the public it is idle to ask for a Naval Defeses quick pamage im nesible and supplying admir ristion do we differ physically from the apes.

After man's accestor had limited himself try which has been aurtured with so much care.

bis father, when Chancellor of the Ershequer. Aot. The first demand should be for &ablo cover for the sniper. At-India's end of the

When that building was completed they would new Admiralty, and for some authoritative, oleft is the fort of Jamrad. In the centre is chily to his upper limbs for purposes of offence

be able to give at least a decent exhibition of the for his announcement, spoke of the acquisitions though not publie, inquiry into the actions the famone fortress of All Masjid, which was and defence, or other uses, and had taken to life of the present Board: The sondition upea ptured and recaptured several times during on the ground, rather than in trees, the necessity

great treasures which the museum contained. by and gifts to the fund daring the year, The for long arms, characteristic of apes, disappear

But there was sxother matter which interested whole of the purchase money for the Eskeby which & Naval Defence Act would be acceptable the first and second Afghan wars.

Throughout the pass block hona sara scattered ed, an in accordance with that law of seduction to the public would be a statement of the

that society perhaps more the enlargement Velasquez acquired two years ago. bad.now -model forts, with cunningly disguised loop from diatse mentioned, his arms became aborter. public war needs of the Navy. But no stale

holes, and entrances reached by hanging ladders, and thus more eficient for general asse. They

and the greater protection from fire of the been paid. National Gallery and the National Portrait ment or the subject issued by a Board which

He was building s

a new wing to the Azzounced (he orestion of the Eons Fleet as the draw-bridge of the twentieth century. It were nacd less in climbing and were no longer combination of foouguy with increased verwar against one of theeo tiny fortresses that directly employed so mach in warfare, for

Gallery, effciency would commend condens. A change the Afghans have dung themselves with ach fighting was new done with alike fuld in the

National Gallery at this moment, and during band. For walking and sustaining his body

the last few months they but come to more important decision. He had taken the of the personnel of the Board is absolutely dire resalis,

Prior to the two Afgban wars of 1839-42 and rect he now came to nas bis hinder limbs only, necessary before any demands for fresh away 1873-80, the Khyber was merely a male-trok, and result bis thigh bones and leg massles

final steps for the remova from the neigh- can be made acceptable to that part of the the bod of a Darrow water-course. Daring increased. Thus we have accounted for the pro

bouring area of the last remnant of St. George's

In a few days an alleged tioh gold-field on public which is in touch with the stato of the

those wars it was converted into a road by portions of the limbs, as well as the shape of the seems to make the in sling public pouliarly Barracks and the recruiting station, the Siberian coast will ka opened up, acording:

in the and be would be able to afford môre room. Navy.

One important change has taken place. Lord British engineers. At the close of the second head characteristic of man,

"Tracing man's ancestry further back, we

for the two national galleries, and give greater to Mr. Rosene of Seattle staging director Ho wae considering for tire past seven years of the, North-Eastern Tweedmouth, who was top rady not only to Afghan war the Afridi tribes, coming under-

"Our district, rely upon bis priecinul adviser, but also to threw British control, concluded a treaty by which come to forms that would be essentially like

security against Are. responsibility on te his shoulders, has been so they undertook to secure the safety of the pass marsupials (ponched animals), but very different

whether any alteration of existing buildings Siberiap Company, a Russia cohaer with was necessary furiber to minimize those risks, headquaters at St. Petersburg. ceeded by Mr. McKenns. The Navy League for trade in return for a subsidy from our from any now living, and beyond these to proposal might with advantage have been port Government. For eighteen years they faith forms that agreed atrusturally with the

which would always be a night-mara, for those said he recently, is the anthe north-eastern end poned at least until the new First Lord has had fully kept the agreement. Then they were modern Australian duckbill, and with the

charged with the custody of the building Roler of Asie, coming to a point at Bahring Straits time to look round his office and to shape his swept away in the fanatical frontier rising of miscalled anteater, of the same continent

ring to the restoration of the Rubens quiling, in a territory as large as California, and Oregon of ente had a

the Banqueting hall, at Whitehall, he said that combined. In that district there are about, day an report to 5,600 Esquimaux, mostly along the prants policy. The question of a new shipbuilding 1897, and they attacked their own garrisons in These earliest ancestors

the dullition of the framework que vous collig, there is nothing mot on the land but mosé policy is but a small part of the problem which the Khyber forts, The Tirah sempaign followed. very peculiar breastbone and a number of Mr. McKenna has to face, and it will keep for a After the fighting the puss was bouded to the accessary bones like those of reptiles, bat different from any found in higher animals,

That report seemed so serious that he called for and some grass reinder. Wo have trading for weeks or even a few months. This important guardianship of the Khyber Res.

"Once a week the Khyber Rifles specially They also had a small besin. In fact, their

a further report from another expart time satrost and thore ship a great many-"furi, thing is the spirit and parpose which the new First Lord brings to his office. No wise man guard the passage of trade caravan-long brain approximated to that of a reptils. They

afternoon. As it confirmed the alarm in his epoqinity white and brown foxes, with eane will be in a harry for its disclosure. The longer convoys of carnels, oxas, asses, heavily laden adso laid eggs of considerable size which they

mind as to the scourity of the paintings, he, hair seal, a good deal of whalibone, and large. hatched outside the body, as in the case of the

before milnigut, secured authority from the quantities of walisetük igory. The best thing Minister studies his business before choosing with well-poised leads.

Three times hare British troops forced the duckbill of the present day. These forms were

Treasury and the Chancellor of the Exchequer we're get during the past year is a-goilfield his course and adopting a policy the bett

1 talie steps and spand the neo ssary money to just se promising in its first year as Nome "was> chance there is that the choice will be right. Khyber-in the first and second Afghan wars, the lowest of mammale,

Recure the safety of the ceiling. Early next mara- or as Dawson or Fairbanks were their first year. When the decision has been made that part of aud again in the Afridi campaign of 1897

their investment trans-ing workmen were on the spot prepared to carry The fud is pour the mouth of the Anadir river, out the work. The Government had decided to which is about 400 miles directly across the public which attaches importance to the The firet fighting in the war of 1878-30 was at

extend the now book of public affines is White the water from Nome, We shall probably take Nary and ita readines for war will have no the entrance to the poss difficulty in discovering the best of the rew

hall right down to Storey's gate, with a noble in shout 200 miners whers this summer's season- Minister's mind. If he is thinking of war and

and suitable facade to St. James Park. In his opens. We expect to open up the 1st day of of readiness for it his acts will reveal his thought.

the most successful, and the most dignified of If he is merely thinking of Parliamentary and

opinion these new buildings were the simplest June.

election tactics his true purpose will be seen, whatever the Inguage which he may employ.

soy erected by the Government for many yeared- In continuing the block he would adbere na Bat Bob-uulil he has made his beginning dose

faithfully as possible to the plans of the late Mr, Matsuoka, the Japanse Minister of Mr. Brydon, to how they owed the design, and Agriculture and Commerce, speaking tessutly it seem right either to criticise him or to offer him advice or auggestion.

endeavour to carry out the work in his spirit at & dinner given by the Tokyo Chamber of from the sketch plans be bad made before his Commerce to the members of the Yekohama death. Mr. Haresurt went on to say that Foreign Board of Trade, remarked." A little he had taken a leaf out of the fund's book in while ago, Mr. Sale expressed sicquently lis other directions by endeavoring to make public opinion regarding Free Trade, and I wish to generosity supplement official parcimony. He say one world about the subject. For my part, had recently turned his hand to the adornment I support Free Trade theoretically, but in of the House of Commons at the expense of its practios I cannot but oppose it, because, looking merabers. He had received presents of at the present condition of the various nutries Wills stooks not possessing that backbone of number of valasble pictures of sistesmen, a of the world we see they are mutually adepting

duties support which is derived from an assured fixed collection of prints from Mr. Agnew, a complete a tariff policy and imposing import income the method of section is the same,

set of engravings of all the Prime Ministare the merchandise of other countries, and pro- * That is to Bay i will invariably be found

from Sir Robert Walpole down to Lord tecting their own produce. If the countries of that the most tempting investment opportuni- Salisbury from Mr. John Ellis, and a superb Europe and Amerfos entirely abolish custome ties voeur in stooks of varying income at the collection of mezzotints from Mr, Raphael, tariffs and bring about Free Trade, then Japan time when dividend payments are disappointing All these now adorned the living rooms and will naturally adopt the tame policy. As Japan Japaness papers are jubilant at finding an excoas of exports over imports by Y819 000 in so that the investor must be possessed of oorridors of the House of Commons, and did is determined to follow the example of the

Bafient investment knowle

vledge

to enable him something to mitigate the severity of the most advanced counties of the continents of the foreign trade for the concluding ten day to decide how far such diminution of dividend is building and to alleviate the monotony of Europe and America: regarding all worthy The principal goods exported "THE SENSES OF THEIR DEBATE.”

last month, as shown by the nenal Leu_days" Fro Japan to Vladivostock are_daily

report published by the Finance Department. temporary or bow for a dividend earning stock members lives. He wished to make an an enterprises, it would expose as a little to the For this necessaries and bouding motorisk, and these

At a recent examination in one of our local During the last ten days of May a marked im- basleen permanently deprived of a portion, or of pouncement to them before it wa male else charge of being impolite if we goted before the

all, of its former dividend sarning picity, In where, and that was of a splendid gift which countries of Europe and Ameries, goods are exetopt from duty oven under the

Chinese Bobools the acholars were asked to write provement was shown in the trade of Kobe former tariff. Fine art work and silk fabrica

an Essay, in English, on the subject of :-. is pointed out that the valna of exports st Kobe fast, so soce as an investor allows bie range of had been offered to tho.sountry through him reason it is to be regretted that at present

and accepted. It was made by Mr. Daveen,

endelioned by other advanced constries.". are neder a heavy duty, but these articles do not

"Which are the healthier, Chinese or Foreign in one decade of days this year had exceeded investment to extend beyond 1xed income enjoy great demand, the chief customers being dwelling house?!!

Y3,000,000, the highest figures attained being sticks of prosed permanence he finds himself sen, whose name, was well known to thousan, Japan cannot agree to this, a policy not

CEYLON'S REVENUE, the farmers of Siberia. And if Viaditostook

Y2,900,000, and the lowest andor F2,000,000. compelled to rely upon his own judgement or the Ile and just deluded the formal a rangemente be tranformed to a customs port, the tariff

The value for the last tou days of May rose to Jadyment of others as to the prospects of future for the presentation by Mr. Daveen of a new wing to the Tate Gallery-wing which would

Sir Henry McCallum, the Governor of Caylor, system will be framed in a moderate manner,

Under sach eirenmstances it is usust to contain five galleries in itself, with smaller I am sorry that I cannot explain the build-over 75000,000. The exports at Kobe for the When the former tariff which was copy of ing about the foreign and Chinese into which period amounted to 18,098,842 in value, while

year, saya the Times of Ceylon, the European system was in operation at are belthy. Yesterday I had spooken about it importe were T4,166,296. Comparel with the disguise the fact that the investor is in reality rooms below suliahle for students work. The must be prepared for a considerable drop in the the port, complaints were raised from the

my friends. They said that the Chinese preceding ten days, exports of rice, matting, indiging in the childish pastime of backing his Trustees of the National Gallery bad agreed, revenge for this poorer clare that it was too heavy. Thus it

is much better than foreigners. In and floss silk showed a decrease, but a heavy own ability to guess correctly under the more when this new building, was completed, to and it the rate of expenditure is placed or the is quite probable that the former torld will

a debate their sense also true and right faerense was shown in the shipment of copper high-sounding phesss that he is displaying an place in it the larger part of the great basis of a reduction in income of a million.

intelligent appreciation of future puszilntities.

Tarner collection of piotares, water-colours, rupees on the year compared with 1907, it will he moderated. The goods which compete The senses of their debate was that the foreign and cotton yarn, while tea, matches, straw braid, The truth is that stocks of varying dividends and drawings, for which there was no be wirk wisely done with those sent from Japan in the distrio's building is too heigh and corerless and always porcelain, seaweed, camphor and

cigarettes

The general trade will not coatinge to show for are unsuited for investment purposes, because sufficient room in Trafalgar-repare, reserving of! are German and those German goods will built on the top of the hill. In the manner showed and increase representing equally feel the burden of duty being for time it receives the most best from the man: Y1,000,006, in the total as compared with the there is no means of estimating future dividends, course, adequate representation of each iolusa of such pook figures for the rest of the year, bat the meat part pent by sue. From a permanent the people who living in it is the same as preceding psrica. In the case of importe, oil whilst to a great extent a stock's actual valus his work for retention in the National Gallery: when the reduced preesis of landsales are taken point of the of the fris port patling in the stove bat in winter it is fally cake and beans showed some incredes, while raw murt always be calculated on the basis of its He believed that by doing this they would have into account, it will be admitted that we are attained fulfilment of Turner's own desire that doing no more than looking the position of

his works would be gathered together in one squarely in the face. The Colony has had Vladivostock will not much affect the filled by the sharp ait. wich, eat the faos of voltop, rice, iron, sugar, wool, kerosene, doar pretent and futuro dividend -earning power. Japanese trade with Kassin. Moreover, as its living in So that the foreignats is woollen cloth, grey shirtings and dried indigo

ga lary to form a coherent whole. He was not wonderful run of bumper returns, and the pre- immediate result, it may give some stimulant to compeled to put themselves on fire. The fire all showed a decrease, representing a decline of How To B BEACTIFUL-Keep. your com- without hope that in the new gallery they saut temporary set-backs is due to outside and the present dull condition of our trade with would do our bodies barma. As wa were prepared Y1,700,000 in the total. The total value of Vladivostock. The only point which may our dinner we put the beef on the fire by and exports from Kote for last month amounted to perion, Mrs. Ellen's Crème Charmante, Lait

the man and as the artist. He was glad to of the Colony from degenerating into mose- troable Japanese merchants is that the Russing by the beef dry in that oase the of course aan Y7,100,633, showing a deorene of Y2,894,000 Charmant and Special Skin Tonic and-Ponira tight see other memorials of Tuner, both as world-wide influences, which prevents the affairs customs officials may treat goods too severely would dry too. They explained so many harm on the figures for the corresponding month of Charmant will enable you to de it. Her take that opportunity of tendering grateful tenons prosperity. Ceylon will still be able to and sometimes may make discrimination, for

about the foreign building but I do not believe it last year. The value of imports aggregated Specialities for the Skin are the study of a thanks to M. Daveen for his splendid gift to postpone ils sterling losa until early next Ver; and we shall burrow then because one formerly such was the case with them. So that I am very expect to examine it, ¥14,920,131, representing a decrease of about fatima. A. 8. Watson & Co., Ltd., Bolo Agents the nation. (Cheere.)

Mr. D. S, MacColl, Keeper of the National needs and expanding requirements will no what concerns Japanese merchants is not the

therefore.Foodhow. Echo.

X7,000,000.

Gallery of British Art, seconded the motion. longer brook delay. tariff rate but the officials.

THE PORT OF VLADIVOSTOCK. The Bill for the abolition of the free pot system of Vladivostock has been passed by the Committee of the Dumas. Of course at present it still remains a question whether the Bill will

Japan

The British Army in Afghanistan was totaly destroyed in the pass in 1912, the year after the insurrection in Kabu! Retreating frem Kabul, the British were followed by Akber Khan and large army of Afghans,

Mountaineers covered the heights on either side of the pase and poured a murderous fre on the retreating force. Akbar Khan declared (bat he could not retrain the mountaineer but at the same time he permitted his Afghans the massacre and plander, Thousands of British troops and campfollowers were carried off by guncessive volleys, or died of hanger and privations, or fell down in the snow from wounds or fatigue and were batchered by the Afgbans.

to. share in

"The force left Kabul with four thousand pass the Duma or not, remarks the donghting men, and twelve thousand followers. Times." It may be, however, of some

Only a colitary individual, and English surgeon, to consider the affect upon Japanese merchants managed to reach Fellelabad. of the passage of the Bill. On this subject,

The Khyber Pass afforda a striking.example some morchents interest d in the Russo-Japan- of the complex character of British rals la ese trade say that the port system

temis more India- protected British highway through advantageous to exporters than the customs tribal territory, where no law is respected except syetem, Still the effect to be produced on the law of force.

merchanta by the vote of the apanese

freport-syntem will...not be very

The following for an example of English': she is writ" should take the prize.

with

ding

"Going back beyond the mammals, man's next ancestora seam to bave been certain reptiles, or amphibians (animals living both on land sud in water). These amphibians vers descended from fishes. These fish ancestors of man were The very different from any modern forms. nearest approximation to them is to be found in the bichir' of the Nile and in certain species of Africa, South America, and Australia known as dipucians.

"Going further back we should be confronted with a vista of interminable length, through soft-bodied forms extremely different from any sing now living, but resembling somewhat a lancelet- skalles translucent vertebrate, now living is the sand of the seashore, in tem- perate and tropical regions-or in a tunicate, to or sea squirt, which we find stined stones and shells. Man's further ancestry is lost in an indefinits and innumerable garies of worm-like snimals belonging to the earliest period of our earth's history?'

JAPAN'S FOREIGN TRADE,

FICES OF EXPORTS FOR TEN DAYS,

"If a stock is so soundly constituted that the regularity of its dividend payments remains unaffected by the fluctuations of trading pros- perity, it is entitled to rank as an investment security as a writer in the "Financial Review of Rovtars Permanent regularity of dividende is the ball-magh of an investment security; but the very Boot that a stock is possessed of a permanent regularity of dividends of all care when investing in it. Such negligent

stock is rightfully regarded as a safe stock, and the great majority of investors are content to see that sort of risk can attach to the purchase of a stock of sneh intrinsic marit that it can fairly be called safe, so much as that be more higly the intrinsic merit of stook may be cateemed, the more confidenty do the general public assume that its market-price of Ahading jobber in the Consol Market once the moment must represent its actual value.. summed up this caress attitude of the average investor in the remark The public will never learn that it is possible to buy a rattling good security at a rotten had prios. Ind ed, the very assertion that the choicest of securities frequently do otanga hands at rotten bad prises comes almost as a revelation even to investors who habitually exe cise more than the usual amount of caution actions

For example, it would be az investor of more than average caution who indulged in any very close investigations when purchasing even London and North Western Railway a security subject to such variations of dividend as Ordinary Stock. Yet the self-same investor who would carefully compare past dividends and past extremes of Bucluation prior to the pazchsso of London and North-Western Ordin ary would recklessly plunge into a parobare of London and North-Western 3 per cent Perpetual Debenture Brook without a moment's hesitation and without any sort of preliminary investigation. In the eave of the latter stock, it being s Trustee Block, he would almost instine tively assume, that its enrrent market price was is actual value, and, consequently, he would regard caution as superfluous.

income.

622

that

THE SIBERIAN GOLD FIELDS.

JAPAN AND FREE TRADE.

on