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HONGKONG GENERAL CHAMBER OF COMMERCE

THE ANNUAL MEETING.

THE HONGKONG DAILY PRESS. SATURDAY, APRIL 24TH, 1909.

LICENSE FEES UN LIGHTERS. License fees on lighters have recently boen very largely advanced. A demand was made for

• quarantire station, and Immediately it was proposed that all sorts of expenses in this con. The annual general meeting of the Hongkongnection, exposes which would be incurred in General Chamber of Commerce was held in the the interests of the Colony, should be put upon City Hall yesterday afternoon. The Hon. Mr. the ship-owners. This last proposal, I am E. A. Howett presided, and those present glad to say, has been dropped, as the Committee included Mossra, D. R. Law, A, Babington, J, of the Chamber has been able to convince the W.C. Bonnar, J. W. Bandow, H. A. Sieka, E. Government that this last proposed exaction Mollim, H. E. Tomkins (committee), E. A. M. was unreasonable, and opposed to the system Williams (secretary), A. B. D. Consland, C. which obtains in other ports. As I have more than one decasion, Woldering. F. Pagett Hett, H. P. White, C.previously stated on G. Gok, J. Owen Hughes, C. H. Rom, 8. D, Hongkong, owes its position as one of the Seiza, E. G. Barrott, F. C. Mow Fung, V, leading shipping ports of the world, ealirely to Bosch, W. B. Bailey, 8 Silverstone, E. 8. its geographical position. Gubbay and 8. H. Michael

The SECRETARY read the notice calling the! meeting.

THE TYPHOON REFUGE.

THE DECENTRALISING TENDENCY OF SHIPPING.

three

Hongkong Government and the British Lega tion at Peking, an assurance was however given by the Waing that the contemplated regulations would apply to antive opium only, So far this is satisfactory, but as I havo had occasion to point out on previous cocasions, it is only by cunstant vigilance on the part of foreign merchants, and the Chambers of Com- merce, these repeated attempte on the part of Chinese Officials to illegally interfere with foreign trade can be checked. The whole history of our Chambers is one long record of such lights,

CHINESE SEAMEN ON BRITIH AKIPA.

+

1

who has also

State for Foreign Affairs, who closed the debate have to regret the untimely death of our collea on behalf of the Government. Reference hav-gua, Mr. Broderson and the return home aftor ing been made in the earlier part of the debate many years service of our old friend Mr. to the closing of opium divans in certain Chinese Siele. Mr. A. G. Wood Cities by the Imperial Government, Colonel served for a considerable time in our committee Seely stated that the day previous the following has resigned on his leaving the East, a telegram had been despatched to the Governor has also r. H. Keswick. To all these gentle- of Hongkong: "H. M. Governant lave men the Chamber is much indebted for good

***THE LATE ME. MUEBAY EAIK. decided that stopamust be taken to close opium work done in the interests of the Colony.

At this hour yesterday: gentlemen, we were dons to Hongkong as they recgnise that it is essential in dealing with the oplum question in Hongkong that we must set up to the standard paying the last mark of respect to one of our oldest "set by the Chinese Government. "That" the and best known residents, Mr. Georgs Murray, Under-Secretary went on to add "is decisive ac- Bain, as we all know, has for many years, for

·UAŃTON KOWLOON BAILWAY.

more years than most of us have been in this It is satisfactory to be able to refer to "tiva". you are aware, the resolution which was the progress now being made with the nearer ultimately passed by the House of Commolls, world, been a prominent member of our com- | section of the railway systow which we was to the effect that H.M.-Government take inity. Representing an important section of hope before long will link one Colony with stops to bring to a speedy clase, the system of the Fourth Estate throughout his long and Europe. It is however very much to be regret Boonsing opinn dens now prevailing in some of honourable career, heconsistently showed himself his ability to It is within the memory of many of ted that each slow progress is being made with our Crown Colonies, more particularly Hong- to be a courageous champion and a fearless The CHAINAN said Gentlemen, The us, when practically the whole of the the extension of the line from Canton to kong the Straits Settlements and Ceylon. In critic, working with all

some three Hankow. This is a matter of utmost im- view of the above it is difficult to under- further the interests of the Colony in which he report and accenuts having been in your hands Far Eastern trade contred in

in China, and, portance to this Colony, and such influence as stand why the Secretary of tate for the spent so large a part of his life. In view of the for some days, we will, with your permission ports." in Japan, take them as read. As you will have observed in Hongkong, ocean going steamers rarely may be possessed, both by the British Gogera Colonies shoul! have considered it neces- almost unique position held by Mr. Marray from the published correspondence new before calling at other ports. The consequence was ment and the business community of thissary to animadvert upon the protest mude Bain I think I am justified in this referring to you, the Committee have had an unusually busy that an enormous trade centred in these ports, Colony should be directed towards encouraging,by unofficial members of the Council, as they had our friend, and I venture therefore, on behalf of year, having been called upon to consider and collected by coasting vessels which noted as and, where possible, helping ou, the complamorely taken the Home Government at their the Hongkong General Chamber of Commerce deal with is large number of important ques. feeders to the ocean lines. This tendency fort of the much needed work, on terms word. It is however satisfactory to be able to to offer our most beartfelt and respectful tions. I will now refer to those which appear concentration is, howe, largely disappearing. satisfactory to the communities interested, as record that H. M. Government has so far real-sympathy with the members of his family who

well as the investing public.

ized the hardship caused to this Colony as to are now struing his loss. With the remarks

· to dezorvo special mention, as briefly as possible. Of later shipowners have shown an in-

promise to ask Parliament to give a substantial I beg to propose the adoption of tho report and oreasing readiness to and their ocean steamers

Another question of great importance to contribution towards making good to the Colony accounts for the year 1908. For a considerable number of yours this Cham- to other ports and this is, year by year,

Owners are

has the direct loss of revenue resulting from me now the local shipping of this Colony ler has urged upon the Government the need becoming more mark.“

sures adopted under their instructions. It now for increased protection forsma craft in the har loading steaners direct for Europe or Americs been raised by the Board of Trade, which your, the Causeway Bay telter having for some at porte wisse names were hardly known to the in, whether seamen engaged on board British remains with this community ass body to see timo past proved i̟zadequate for the purpose. The outside world a few years ago, or which then shipa possess a sufficient knowledge of English that fall and adequate compensation be accorded, question has again been brought prominently did not even exist; and with the increased facili. to understand orders given them. This regule the more so as we have already, as pointed ties for direct trade, which the development of tion was not to apply to British subjects, out by His Excellency, suffered hearg-loss forward and considerable discussion on the

THE NEW QUARANTINE STATION. subject has taken place during the past twelve-railways in China and other improvements which and a further question therefore arose as to through the action of the people at Home. Another matter which hasengaged theattention months. As you will remember at the time of are constantly offering, this tendency to decon-whether Chinese seamen, belonging to Hong- the tornado of 18th September, 1906, which tralization must increase. The movement can- kong could produce certificates of place of birth

not but de encouraged if the Government of thus entitling them to this exemption. His of your Committee is the proposed regulation resulted in such heavy loss to the small craft in the harbour, H.E. Sir M. Nathan promised that Hongkong persists in what I cannot but des Excellency The Governor held the opinion that for the working of the new quarantine station any funds raised by public subscription in cribe as a micidal policy of increasing the taxes such a regulation is not feasible, a view which at Laichikok. Here again the Government the Colony for the relief of the sufferers on shipping when they should on the other was strongly endorsed by this Coramittee, as it attempted to radaly tax shipping, by endeavour. hand, be doing all in their power to attract appeared to us, if the proposal of the Board ofing to make the shipowner bear cortain expenses from the storm would be doubled by

shipping to the port instead of driving it away. Trade were acted upon, it would result in patin connection with the establishment which we the Government. So generously, however, was our appeal for aid responded to by all nationali- have spokon, Gentlemen, at considerable length ting an end to all Conting and River trade ties trading here, that the subscription not only on this point, not because I wish to urge the under the British tog in this part of the world interests of any one section of our trado, but as part altcyether from such special interests as we may individually represent, I speak hore, as always de ander similar conditions in what I sincerely believe to be the true interests of the Colony as a whole, and it is only because of the special knowledge my business gives me of the side of the question, that I consider it my duty BB your Chairman to atter a mest earnest word of warning to the Government against what I cannot but consider a line of polioy which if parsisted in must in the long run re-sot seriously against the prosperity of the colony.

fully met all claims upon the fund, bat left a emplue of some $35,000 which was heated to the Government to be used, so far as the fund would last, for the relief of efferers under similar catastrophes.

as a nuclens towards the construction of a new

I

PRIVATE MOORINGS.

The Colony's subscriptions therefore not having been drawn up, the Relief Committee suggested that the Govern ment contributions which otherwise would have been devoted to the typhoon fand should be used typhoon refuge for small craft. The sum to which the Colony was pledged by Sir M, Nathan smounted to close upon $280,000. The question as you are aware, has now reached that

In my address last year, I referred to the stage when we hope that before maty years are past this refuge, so urgently needed for the Government proposal that the use of all moor- general welfare of the Colony, will be an accom-ings in the herbent should be placed in the plished fact. The question of the cost, however, and the means by which the necessary fands were to be raised have led to considera- The ble discussion with the Government. original estimate was about $600,000. Each san conding Calculation increased this sem until this was nearly trebled, the lavent figure being con siderable over 1 million dollars. In order to raise this sum the Government proposed to pay half out of current revenue, and the other half by a special tax on shipping.

THE TAX ON BHIPPING.

our

The reasons for this proposal are fully sot forth by His Excellency the Governor in

B very lucid memorandum; dated 8th May, 1908, which is incloded in report. I need hardly say that the arguments put forward in this memorandom do not, by any means, meet with the support of

hands of the Harbour Master. It was hoped that the Government would have accepted the reasons against this scheme which had been put forward by them, but unfortunately this was not the case, and further correspondence has passed between the Chamber and the Colonial Secretary which is now pablished in our report. We are still in an unpleasant state of uncertainty as to whether the Government may not in the end endeavour to force upon us what we cannot but look upon se an entirely unnecessary and vexa- tious piece of legislation.

TRADE MARKS.

The question of the Registration of Trade Marks has, as you will see, also received the attention of the Committee,

who Imre informed the Government that in their opinion compulsory registration of trade marks in the United Kingdom should not be

THE OPIUM DIYANS.

Mr. WHITE-I beg to second the motion, and in doing so I desire to congratulate the corn- mittee on their work during the past year, avil ou their efforts in safeguarding the commercial and shipping interests of the Colony.

The motion was carried-unanimously. On the motion of Mr. BARRETT, seonded by Mr. Ross, the following members were elected. to the committee for the ensuing year:-Hon. Mr. A. E. Hewett, Mr. J. R., Suith, Hon. Mr. W. J. Grisson, Messrs. A. Babington, J. W. C. Bonnar, J. Boadow, D. R. Law, H. A. Sieba,

Shellimaul II. E. Tomkins.

The CHAIRMAN proposed, and Mr. Law seconded, that the Asiatic Petrolenn Co., Ld, considered should be chargo on the general of London, and Mr. F. P. Talati be elected revenue of the Colony. After come correspondenbere of the Chamber, The motion was carried. ence it was decided to adopt a similar system of charges on shipping, usually obtaining in the neighbouring ports

THE YAEN LUTTERIES,

One of the most momentous questions which has of recent years been raised in connection with this Colony, ít that relating to the closing of the opium divans by-order of the Home Go- It is a cans for much regret that during the vernment. The whole question has recently been past year we have again been called upon to desi so thoroughly dealt with in the Legislative Coun- with the question of the issue of lottery tickets. cil, and by the local Press, that it is naneres-in connection with the sale of Japanese cotton sary for me to here go into details, bat in order yard. The system is to our mind a most per to place on record imong the Chamber of Com-nicious one, Lot only from a true business point morce papers, for the use of future members, the of view, but is also being opposed to the gamb. more recent contributions to this discussion, weling laws of our country, and we trust that the have considered it advisable to print as an aux attitude taken up by the British Authorities and the representations made on the subject will put a stop to this scheme once and for all.

REUTEE'S POLITICAL, TELEGRAMS:

*

cur report the two sainable documents bear ing on the question which have recently been laid on the table before the Legislative Council. I refer to Mr Clementi's memorandumz of 12th June 1908, and that. of His Excellency Sir F. Lagard, dated 18th October, 1908. So much sentiment and partisanship has been unfortar ately permitted to enter into the whole question of the opium trode with Chins that it is not easy to obtain clear and unbiased statements în the matter. Theo, however, are to be found in the memorands I have just referred to and I am suro all the members of the Chamber of Commerce will agree that we are greatly indebted to His Excellency and Mr. Clementi for such valuable additions to the history of the

That is the all important one of oplam question, and for the clear mannor in which they have helped to demonstrate how greatly military training as raised by Sir Henry exaggerated are many of the ex-parto statements Berkeley in his letter of 16th July last, which have from time to time been made with It has for many centuries past been an uxiom the drug has on the Chinese nation as a whole world that all the youth of the country should regard to the opium trade, and the effect the use of among some of the most vigorous peoples of the Once we are convinced that the Chinese Gorezn- learn to ride, and to shoot, and to speak the ment and the Provincial Oloials are really trath. We accept it without question that our

MILITARY TRAINING. There are various other matters of considerable interest dealt with in our report but I will not detain you unduly by touching upon them all. There is however one more to which I think I should refer.

The Chairman-Thank you gentlemen. That is all the basiness of the meeting, I ara much obliged for your attendance,

LOCAL SPORT.

HONGKONG TENNIS LEAGUE FORMED.

A meeting of those interested in the promo. tion of a tennis lengus, called at the instance of Mr. A. 0. Brawn, was held yesterday at the pavilion of the Hongkong Cricket Club. There wore about ten slabs represented,

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Charterhouse 80.; Parla, by thats de la FAIZ: AU

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India, B. K. Frul, Caleesta: Japan, Haruys, Lid. Tokio; Ba. Alries, Lennon, L., Cape Town, plc.; 0.9.A., Pasier Drus at Free, Pamphlet referred to above,

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567-1-4

JOINT STOCK SHARES.

Messrs. Vernon and-Smyth in their weekly

during the past week, and rates on the whole sharo report, dated April 23rd, state gooil

further sensational advance in Langkat has bee general investment business has been transacted

established, and rates for Inles have also ad- have been well maintained, In the North a

vanced under buying orders for Northern account Sterling exchange has advanced during the interval to 1/91 TT, with Bar silver at 23480

BANES-Hongkong and Shanghais have On Shanghat the T.T. rate closes at 742, and at

further appreciated and sales at the close are 75 for 3 die private bills.

reported at 8940 with probable buyers at the rate. London closes at the improved rate of £89, 10s: 0. Nationale are without change at $51.

Mr. A. BEAN, who was called to the chair, stated that they would have to deside the form As you are all aware the arrangement by which of competition-whether it singles or double, the Chamber of Commerce had received and cir. the method of counting, the fixtures, a trophy entated Benter's PoliticalTelegrams to an end last (which he suggested should be a tag), the Mr. BRETT (Civil Service) wished to know Agtumn, after baving been in force for upward of entrance fee, and so on.

The Committee much regret being

Who would years.

The CHAIRMAN said the home team would

MABINE INSURANCES-Unions have ruled obliged to take this step but the financial posi-something regarding the cost tion of the Chamber did not justify our on provide the balls?

provide the tails. There would be no necessity

zomewhat erratic during the interval, but at the tinging the servico et a loss.

There would also be the

close are steadies with sales and probable buyers to use new balls.

at $825 cwn. dividend $778 ex the dividend of entrance foc.

Mr. MEAD agreed that if new balls had to be 847 per share paid yesterday. Cantons have again been booked at 81672; and more shares are procurable. There is no charge or business to provided it would cost too much.

report in China Traders, North Chinas, or

FIRE INSURANCES.-Hongkongs have again Tangtezes which remain in request at quota

advanced and sales at $335 are reporicd at the close; at this rate however there are Chinos after sales at $104 probable sellers. and $1044 are now in request ut $105.

SHIPPING-Hongkong, Canton and Macsos combined prepared and deferred after sales at 867, 68, and $70, China and Manilas have sellers Douglass have been booked at $36' and more farther advanced, and sales up to $13 are re-

shares can be procured. There are buyers of ported, and at this rate there are

Star Ferries at 824 and $15 for the old and

On the motion of Mr. MEAD (Kowloon Cricket Club), sconded by Mr. BRETT, it was decided the motion being carried unanimously. that the Hongkong Tennis League be formed,

The AIMAN mentioned that the Hongkong Cricket Club would not join the League as they wished to give their ground a rest.

Office bearers were than elected as follows:

tions.

the Shipping Companies, and the memorandam insisted upori na one of the conditions under antions to curtail, if they cannot altogether young men do speak the truth. Hongkong enu President, Dr. Forsyth: vice-president, Mr. J. ¡ have improved to $304, and Indon to $72 for the

ETUS

тетенце

to

It

which they can be registered in the Colony; a

hardly be called an ideal place in which to learn to ride, but there are excellent opportunities for hope that younger section of the community, learning to shoot, and I can only express the realizing their duty towards the Empire will

R. Wood; secretary and treasurer Mr. A. O Braws and it was decided that each club be asked

The meeting agreed that the form of om- to nominate a representative to the committee. petition be by doubles, three pairs from each

in order that the Home Government may suppress, the use of opium, and are loyally in a position to protect British trade marks carrying out their share of the bargain, we must agreed that the action of the Home Govern in the Far East- view in which I trust the perform our part, but I think we are probably all members of the Chamber concur. We underment as to the arbitrary cluing of the opium stand that the whole question as to the protec-dirana, in Hongkong, which was ordered by take advantage of the very liberal provision made club, and that the beat of eleven games ba new issues respectively, and of Shell Transports tion of British trade marks in now seriously engaging the attention of the Foreign Office, and we trust that the principle of the right conferred by prior usage of a trade mark will be accepted by H. M. Government.

CHINA'S CURRENCY.

The important question of the reform of China's Carrenoy has, during the past year, been advanced another stage by the iss

of an Imperial Edict order ing the Provincial Authorities to take the necessary steps to introduos a standard silver coinage for use throughest the Empire This question is, of course, of the utmost in portance both to China and all engaged in trade with her, and it is to be hoped the terms of the Edict will be carried out with as little delay as may be necessary.

them without reference being made in the first place to the public opinion of the Colony as is usual under such circumstances, was an abuse of the position held by the Government towards a

et 56/..

REFINERIES-China Sugars have been ne-

special feature at 8137 Lazos are procurable at the redased rate of $16.

by the Gorerament for the Volunteers and will played in each match, the victory to be decided show their appreciation of this, and a proper by games and not sets. Each par to play theglected during the interval and close without sense of duty by all going through an efficient other pair. course of training in the ranks of the Volunteer forte, so that should it unhappily occur their services were ever required they could feel they wers prepared at a moment's notice to serve their country as all mon should be able to do.

ST. GEORGE'S DAY.

The clabs represented and likely to join vere Craigegower, Thikeo, YMCA., Chinese C., Lusitano, Wigwam, Civil Service, Naval Yard and Kowloon Cricket Club.

The entrance fee was fixed at $5, and it was agreed that each club play every other club once, It was also decided that the tennis legne season commence on May 1st and end July 31st.

LAWN TENNIS.

HONGKONG C. C, TOURNAMENT.

from their representatives enclosed with a letter to this Chamber, dated 23rd June last, appears to show very clearly that His Excel lonoy's reasons are fallacions, and if acted upon are directly opposed to the real terests of the Colony. It would, in our opinica, be a very great mistake were the Government to look upon shipping as the milch con which is to supply so much of the loss of

other directions, and experienced in.

Crown Colony. We trust therefore that the furnish funds for great public works which

Chamber will approve of the protest made by are required in the interests of the Colony a whole, and not in that of the ship-

the Committee against this arbitrary proceed ping only, but this is unfortunately a fear

ing. We saw distinct danger in the giving up which we have entertained since the recent

of the control of public opium smoking, while setion of the Government. It is quite true

I have just been reminded by the mention of it appeared problematical that the closing of the that when a typhoon approaches this Colony

divans would result in any appreciable decrease the date in the notice that to-day 23rd April is considerable delay, and consequently pecuniary

in the quantity of opium consumed in the Colony. the name day of my patron Saint, Saint George loss, is incurred by such shipping as happens

The Secretary of State for the Colonies bas of England. It is possible that there are some to be in port at the moment, but it has

recently assured us that the supposition that present here to whom the name of Saint David

Yesterday afternoon there was a large apparently been entirely overlooks that the

His Majesty's Government have acted with or Saint Patrick or even that of Saint Andrew

attendance on the Cricket Ground to witness bulk of the small craft is not directly on

indifference to the views and interests of the may appeal with greater force, but speaking as inhabitants of Hongkong is entirely erroneous", representative of the Senior Partner it appears

the final match in the singles handicap between ployed by the Shipping Companies.

bat we do feel that in this matter the true in to me that the remarks I have just made should

C. A. Carr and Captain Brierley. The result is, on the contrary need more largely by

terests of the Colony have indeed been sacrificed have special significance through being made on- merchants, properly owners, and the usual.

His opponent put up a good fight in the third classes of wholesale and retail dealers which go

During the period under review another to the political needs of the Home Government such a date; for I would remind you Saint was largely as expected, Carr winning every set. to form the bulk of the business section of the attempt has been made by the Authori- We considered we were justified in making the George Las for many years been accepted as the set and drew level at four, each man winning the

of the Two strongest possible protest against a hasty Patron Saint of soldiers as the embodiment of

next game so that they stood five all. Carr Colony. This, I think, can be demonstrated by ties in

foreshadowed by the heroic patriotism,

however, secured the next tes games and won any one who cares to go down the Prays on an Kwongs to establish what would practically policy moh as was- average working by, and make enquiry as to have amounted to a monopoly for the sale frst instructions on the subject. In this

Turning to the accounts, the financial position comfortably. The figures were 6/4, 6/3 7:5 Carr's low drives were difficult to take, and the purpose for which each junk and native boat of raw and prepared opium, The British connection, to show we had reason for our on the water frostage is being used, sad by firms in Hongkong interested in this trade opprehension, I would post out that the whole of the Clamber can hardly been considered satis- Brierley was forced time and again to return whom engaged. It will be found that a very represented the matter to the Chamber, tenor of the asbate in the House of Commens factory, as for the past two years our expendi-high balls which allowed his opponent to ask

ture hes very considerably exceeded our effectively. small proportion only is engaged by ship who strongly supported them in the view on the 6th May last, distinctly pointed to an

The professional pairs final was also decided ping firms. Our contention is that the takou, vis: that if the proposed regulations immediato alosing of all thedivans in Hongkong. revenue. This matter is receiving our catal refuge is for the benefit of the Colony for farther control over the opium were brought This was unquestionally the impression we consideration and we trust that by adept yesterday,aptain Beasley and Lient Bryne into force, this would be a direct violation of the received here, and appears to have been that ing certain changes in the working of the boating T. E. Pearce and P. H. Klimanek, 6/1, it of shipping, and under these circum treaties. For the moment, owing to the re-conveyed to those present at the debate. More oftes to considerably reduce our expenditure 63, 6/3. stances the funds needed for therofage should be presentations made by the Consul-General at than one honourable member referred to this. It is mere than probable however that at the while one supporter of the Government stated and of the surrout year the committee may find provided out of general taxation towards which Canton, the Chiness Authorities made no the shipping and shipowners fully contribute in farther move, but the British Minister at that he gathered from the Under-Secretary it adrible to recommend to the Chamber to light dues, license and other fees, and taxes on

Feking at first took the view that the contein-of State that opium was immediately going raise the subscription which was reduced in thair shore proporties. This vlow, unfortunate- ly, does not appeal to the Government who, plated regulations did not amount to the estab. in Ceylon and Hongkong, and they were as regards the as I have already stated, sppears to believe lishment of a monopoly and consegnently did in sight of the ene

Straits Settlements."-Colonel Seely did that because individual charges

After are not not amount to a breach of the treaties.

terial how these texes are piled up.

as a whole, not particularly for the bene

ATTEMPTED OPIUM MONOPOLY.

Provinces the

to their mind high, it is quite imma- considerable further correspondence with the not correct this view, nor did the Secretary of

1867.

!་;

THE CHAMBER'S ACCOUNTS.

CHANGES ON THE COMMITTÉE,

Serenal changes are as you know taken place during the year, in our committee. We

•

The YMCA tennis club is promoting # tournament among its members.

BATHING,

The Y.M.C.A. bathing party commences in May. During this month the party will go out twice weekly, and if numbers should warrant it three times weekly after June 1st,

MINING-Charbonnages have advanced to $625 with buyer. Raabs remain steady at 88, and Chinese Engineerings at Tle. 18, the latter closing with buyers.

DOCKS, WHARVES & GODOWNS, Hongkong and Whappos Docks are easier with sellers

$79 after small sales at 880.-Kowloon Wharves are wanted at $52, and Shanghai Docks are wanted at the reduced rate of Tls, 60, and Hongkow Wharves at Tis. 165. Shanghai and New Amoy Docks at 891.

LANDS, HOTELS AND BUILDINGS-Hongkong. Lands have been done, and there are further buyers at $97. Kowloon Lands are quiet at $30 and West Points at 844, bat of the latter thero are probable buyers. Hotels are enquired for st 1984 Shanghai. $85, and Humphreys' Estates at Lands are steady at Tle, 117.

COTTON MILLS-Ewos are firmer with bayers

$9 but no business is reported.

MISCELLANEOUS-Bell's Asbestos have again at Tls. 122. Hongkongs are still obtainable at old at $10 and are wanted. There are bayers of Campbell Moores st the improved rate of $12, and of Dairy Farms at $16. China Borneos have been done at 811:30 and are in farther request Cements have sold at 18.90 closing with sellers. Ropes have been booked at $21. China Providents at $94, and Union Water Bouts at $10. There are sellers of Ices. At the reduced rate of $155. Langkate after advancing to Tla. 1,100 close with sellers in the North at Tis, 1,040.

MEMOS.-Company Meetings announced--

on the 24th: Hongkong Electric Co. Ed.,

instant.

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(453