1911-05-20 — Page 3

Page

CHINA ASSOCIATION,

ANNUAL MEETING IN LONDON.

[FROM OUR OWN CORRESPONDENT.]

London, April 26th.

THE HONGKONG DAILY PRESS, SATURDAY, MAY 80TH, 1911.

were replaced by raw materials, and Japanose | Provincial or Departmental loan, unless the competition with India in Chian became keener Imperis guarantee has been previously year by year. It is not improbable that one given to each special loan, under a special result of the new Treaty will be that the Amor Decres. At least one loan has been floated in qualities of manufactures will in future be made London without that special guarantee. in Japan to the exclusion of English products, and that we shall experience the same competl

be more valuable to her than the advice of financiers whose whole experience is derived from the West,

WHANGPOO CONSERVANCY

In regard to the Whangpoo Conservaner, we

engaged will add to her resources and increase } interests in the Far East are deeply involved the prosperity and welfare of her people. Our In the integrity and prosperity of China; our destre is that cordial relations between Great Britain and China may long be firmly establish ed, and it is in that spirit that we shall continuo (Choers) ́ ́Mr. W. D. LITTLE recondet

We have seen in the last few days that the have urged upon Hin Majesty's: Government the work in which we are headoption of the

negotiations for the large Imperial losa of the importance of supporting the scheme for

report, and it was carried

The CHATKAN proposed the

suing year. No one, ho and, except perhays Mr. R. S. Gandry, bad done more for the China Association than Sir Charles. In elect- ing him the mambors might be sure they were taking a step that would commend itself to everyone who had the interests of the Associa tion at heart (Applauss.)

was held at the P. and O. Ofoas, Leadenhall with there in the past. It will be interesting to for the two very important objects of develop" forward by the Shanghai Chamber of Commeros, Charles Dudgeot as President for the en

ing resources of Macharia and for Currency and which has received the support of all and liberal minded. It Reform. It is a satisfactory feature of that loan nationalities there. The scheme appears to us that the rovenues of Manchuria should have to be well thought out been pledged as collateral security to powerful offers local contributions towards maintaining financial groups in four countries like England. the work already paid for by the Chinese Gor America, France and Germany, thus giving ernment, while control of the work is under the those countries a direct, interest in that supervision of the Taolai and Customs. China per annum from China, but she has to pay exportion of the Chinese Empire. There could hardly desire a better illustration of the has also been a Japanese loan willingness of foreigners to work in a spirit of port duty on that, Perhaps it will be wiser to

China, for which collateral sourity co-operation with lier in matters connepfed with wait and ses if the now Treaty will facilitate

the general welfare. and extend the commercial relations between the has been found in Kiangan rovonnes. Taken to ocuatrine," to quote the words of the together, these tere financial operations seem to preamble, b·fore we congratulate ourselves aron show that those who ascribe to Japan ukegior the success of our Government in negotiating designs upon the integrity of the Manchuris

provingos do her uninjustice. this Treaty.

noo if, through the notion of her tariff, Japan Street, yesterday afternoon, with the President, Mr. F. Anderson, in the choir. Among those will be able to establish industries which will present wore: Bir Walter Hillier, Sir Cha-les compete successfully in Chins with England Dudgeon, Sir Alfred Dont, Messrs. George India, and America, in textiles, whilet Jumicson, Byron Bronun, W. C. Ward, A. . she is absolutely dependent on India and Amer. Wood, D. Warres Smith, T. H: Whitshe d, Aies for the main supply of her raw materials. It Zimmern, J. R. Michael, W. W. Dickinson, le true sho guts stout 300,000 bales of cotton D. C. Kutherford, John U. Bais, G. B. Dodwell, Gershom Stawart M.P. E. Cousins. E, A. Probst, J. H. Sott, J. O. Hauson, R. Hill, W. D. Little, Captain C. V. Lloyd, Aiffed E. Hippisley, James Buchanan, Dr.. Jaman Johnson, W. Thurlow Lay. Thomas Brown, Jaha II. Ostora, W.Harwood. Horses Harwood, R. Dipple and R. C. Wilcox,

Mr. F. ANDERSON, the retiring President, in

moving the adoption of the report and balance sheet, thanked kir, teorge Jamieson for taking ever the duties of Chairman at short notice and for helping the Secretary in the compilation of the report while he (the speakor) was away East. Pausing to

the review the Fur of

not tho sitnation. Le said:-1 do

fairly charge as think that critics can with inactivity with this bulky volume in their bands, or that we have been lax ia bringing to the notice of His Majesty's Government, the Chambers of Commerce, and the Fress, the more important questions affecting British interests. On some subjects we have been an. able to get His Majesty's Government to see with us eye to eye, but in other cases the efforts we bave made, alons, or in conjunction with the amore importaat Chambers of Commeros in the country, have mat with some mezaurs of success. In the complicated problema which are in course of solution in the Far Enut many important decisions yet remain to be taken, and we shall contions in the future as in the past to urge upon His Majesty's Government the riowe of

At the last moment my attention has been

called to the fact that not only are the duties enormously increased, but by a clause in the Appendix the Customs Dolls may count the threads in tissues which have a design or border wherever they happen to be most numerone, whether in the design er border or in the body of the tissue." In practice the border is nearly, exture than the body of the always of dne tissue. It is clear, therefore, that if you appraiso the duty by the texture of the border you will find that what is quaintly called the body of the tissue or, in other words, the piece- will come under a higher denomination than is warranted by its quality. I do not know if this is clover diplomacy on the part of the Japan so negotiations, it seems a pity that we should have agreed to such a danse, as it looks like piling on the agony. To speak plainly and frankly, we are disappointed with the Trosty:

No clange is to be made in the Korean Cha toms for ten years, and for this decision we are thankful for the time being.

MANCHURIAN CUSTOMS.

Whilst discussing the effects of tariffs upon those ho, having responsibilities in the Far trade, I muy mention that persistent rumours Bust, are actively interested in its prosperity-gontinue to reach us šlant the errangements ur- those who are en aged in conducting the very large British trade which is still carried on with China and Japan, and which is still a British interest almost of the first magnitude. Hero

I would like to add that the course

we are adopted, and in which we have irled to carry on the policy of our predeces. norm, who have built up the Chinn Association, has not been to endeavour to doory or bo- Hittle the efforts of those who are responsible for the maintenance of British interests or to hamper their notion by advorac critisism, but on the contrary, our aim has been to do every-

der which the trade of Michuris is card on through Dairen militate against foreign trade other than Japanese. If these rumours are borne of by facts we hope that the Japanese Govern- ment will be willing to take the nec sary steps to carry out the spirit as well as the latter of Treaty engagements. There seems to be little doubt that the system in operation at Dairen docs not give the same satisfaction as that which prevails at Kisonchau, whore the condi. tions are not diasindler.

CONSTITUTIONAL GOVERNMENT. Roferring now to the Report, we have at

BAILWAY DEVELOPMENT.

to

-

ance of

Mr. HYRON BRENAN, in seconding, thought the election was a Stling qaimination of the long connection of Sir Charles Dungeon with the Association. (Applaasa) Under the guld-

of the new Presdont they might be sure the Association would not suffer

any way. The motion was carried with noclamation, whereupon Sir CHARLES DUDGEON acknowledg ed the compliment briefly. He assure them his whole object in taking up the responsibility would be to use the best of his ability tor the development of the best interests of the Asso. ciation.

The CHAIRMAN proposed Mr. Goorge Jamieson as Chairman, Mr. D. C. Ratherford e Vice-Chairman, und dr. R. Chatterton Wilcox as houerary treasurer. In the hands of there be most capably administered, goatlemen the affairs of the Association would

Mr. DownLt seconded, and it was agreed to. Ou the motion of the Charritan, mosonded by Mr. J. H. Scort, the following general com-

ir Cecil Smith, Sir E.A. Bassoon, Sir Thomas

Jackson, Sir T. Sutherland, Sir Walter Hillier,

SILANGHAL SETTLEMENT EXTENSION. The Association has sino addressed the the abject of Shang Foreign Office on hai Settlement Extension. When it is borne We understand that further loans in conner in mlad that the Chinese Government has tion with the Haskow.Canton and Hankow had a serious object lesson in the loss of Szechen. Railways are on the point of complelifs, loss of money, and disturbance, to tas tion, so that the short-sighted agitation against caused by the epidemic of plague in Manchuria, developing the country with foreign capital shows and also in the excitement crested at Shanghai signs of dying down. Perhaps the fact that all by merely precautionary measured for proven the resent loans have been international may tion of plague there, it is astonishing that it have had some influence in removing fears of continues to ignore the risk of the introduction political embarrassment with individual Powers of plague into Contral Chias, through the insani.mittee was appointed: which was formerly one of the arguments tary edition of distrista adjoining the foreign mattiamonte, and that inaddition to this should against borrowing from foreigners,

krop alive the alata of affairs which periodically leads to friction with foreigners, all bemone it will not consent to adjust the boundaries of the Foreign Settlement. The inclusion of a few acres more within the limits of the Settlement can make no difference to Chins, while a poli- tical aspect has been given to the question which it does not possess. No country in tho world has mors to gain by cultivating friendly relations than Chins. If she were only thor onghly alive to her own interests, she would by every mesus in her power, not only at Shanghai, but elsewhere, try to settle any outstanding matters calculated to creste tronhle, or to lead to felction at a time perhaps inconvenient to her. Changes are in the air. Let China realise that a state of continued friction is a source of weaknow to har and not of strength. Let her grasp the fact, which is nadoubted, that the welfare and prosperity of Shanghai is Chiness if not moro, Telfare and prosperity, as much as, thea it is foreign that Chinese are serving their own interests in co-oporating for the com mon good there; and her Governmont, both Central and Loos, will and that the change of indirectly. policy will be to their advantage, directly and

Under the heading of Railway Loans and Construction we have summarised the work done in the past year. It is generally admitted that for the development, welfare, and pros. perity of the country increased facilities of communication are imperatively necessary, but it is disappointing to find that when rail- ways have been built by foreign capital the a great extent nullified by fasilities are to excessive likin and inadeguata provision of fands for the maintenance of the roadway and rolling stook, whilst neglect has none much to impair the valoa of existing water communications, so in the case of portions of

the Grand Canal and the Liao River.

BAILWAYS IN MANCHURIA..

We have endeavoured to urge upon the Foreign Office the importance of supporting the development of railway enterprise in Man churia, both in the interests of Chine itaalf and of external trade. We have bess informed that His Majesty's Government will continue to exorcise its influenes in this direction, but in the meantime progress has been arrested by the opposition of Russia and Japan. We recognise that the situation in Manchuria is complicated. The presence of large detnohments of soldiers enfire length of tho main along the

TRADE MARKS.

. : . .

| Sir Alfred Dont, Sir Charles Dudgeon, Mr. F.Anderson, Mr.JolaC.Bois, Mr. Byron Brenau, Mr. A. B. Burkill, Mr. F. Cornes, Mr. George B. Dodwell, Mr. William Harwood, Mr. R. II, Hill. Mr. Gcorge Jamisson, Mr. II. H. Joseph. Mr. William Keswick, P., Mr. W. D. Little. Charla V. Sale, Mr. P Salinger, Mr. J. H. Mr. E. A. Probat, Mr. D. C. Rutherford, Mr. Scott, Mr. Gorskom Bewart, M.P., Me. I..D. Stewart, Mr. W. Strachan, Mr. A. M. Townsend. Mr. T. H. Whitelad, Mr. R. Chatterton Wilcox, and Mr. A. G. Wood.

The CHAI HAN prop sud a vete of thanks to. Mr. W. C. Ward, who had boon their auditor for alone time, and expressed ragrot tat he had found it necessary to retire. He also regretted the retirement of Mr. J. O. P. Blood, whose many dutire prevented him from giving the necessary. time in the fature. During the past year fr Bland had been extremely active and had stirred them all up (Applause and laughter.)

On the motion of Mr. GaORGE JAMIESON, E vote of thanks was accorded to the Chairman, who had, to sud, rendered yeoman service to the Association.

HONGKONG SHARE MARKET,

Mesere. Vernon & Smyth in their weekly share report dated May 19th state : --

The market has ruled quieter during the past Lands, and Steamboats, but little of importance has transpired during the interval. Rubbers c011- tinue to decline in sympathy with the fall in value of the raw material, and at the clow the market is diminetly weak, Hard Para Bubber closes in London t 4/44 per lb. with little or no enquiry, Bar Silver closes at 24§ par oz., and Sterling T. T. at 1/93. There is no change in the Bank of England and open market rates of discount," 3 per cent, and 21 per cent., which remain at respectively. Shenglai T. T. is unaltered at 745

thing in our power to strengthon their hands, some length recorded the various steps taken in line of railway throughout the country- | basis, and if the object of owners in their the teadener being towards lower rates,

we regret that the Foreign Offo has not see its way to move in the direction we should have liked, but whether this has been the ass or not, we have so carried on our work that we

HOME RULE IN CHINA.

-

INTIMATIONS

BABY A SIGHT WITH RUNNING ECZEMA

Eruption All Over His Head and Face. Itched Dreadfully. One- Cake of Cuticura Soap and

One Tin of Cuticura Ointment. Cured Him in No Time."

"My little baby was taken all over his head and face with running cozyinasi!

· Be was a patect sight with theoruption. In great masses. It itched dreadfully, and I took him to the doctor, - En wali under the doctor's care for about two months, but it did not curo him at all, I also tried several other treatments but his suffering kept right on. When he was nearly four months old. I was perquaded to thy Cuticura Soap and Cuticura Ointment. I had only ong cake of Cuticura Soap and one tin of Cuticura Ulatment and they cured him In no time. At present he is the picture of health. What I have told you is the honest truth.

*I had some of the Cuticura Ointment left, and my oldest son used it to cure his chapped handa so I am sure I can prove that Cuticura Ointment is a won- derful thing for both these purposes. I told a friend in Yeovil about the cure. This friend was suffering with a skin trouble too, and was cuted by Cuticura Remedies." (Signed) Mrs. Banfield, Fres Bt.. Ilchester, Som., Eng., May 21, 1910. The speed and economy of the Cuti- cura treatment is chown by this letter, a single tablet of Cuticura Boap and box of Cuticura Ointment having been sufl- olent. Depots: London, 27, Charter- house Sq.; Paris, 10, Rus de is Chaussee d'Antin; Australia, R. Towns & Co., Sydney, India, B. K. Paul, Calcutta; 8o. Africa, Lennon, Ltd., Cape Town, etc: U. 8. A... Potter Drug & Chem. Corp., Bale Propa., Boston, Bend for free 32-page Cutlourn Booklet, on the -care and treatment of skin and scalp.

GOLD

AND

SILVER

WATCHES

On the subject of Trade Marks we have repre-work, and, apart from a fair demand for Indos, ENGLISH, sented to the Foreign Offics that unlese pri rity of usage is recognised as the basis of ownership in Trade Marks a grave injustice will be done to British subjects in China; oor trade in Chize has been carried on for over 50 years on this of a Convention is to protect the existing rights property, we cannot understand why specifle protection should not be accorded to these existing rights. As to the future, we would be prepared to consider favourably any new regula tions regarding registration, but we cannot understand why existing proprietary rights which are not called in question should not be a special clause in any safeguarded by Convention under consideration. in" recently in Eastern negotiations, and that think that we have had enough "giving it is not too much to expect a little asser tion of our rights occasionally.

OPIUM,

BANKS-Hongkong and Shanghais have ruled quiet, and at the clogs shares are obtain

quired for at $80, £88. Nationals (now in liquidation) are en

SWISS

AND

ELGIN

SUPERIOR

Weable at 8895, The London rate is unchanged at QUALITY

We have received a large amount of corres pendence from Hongkong on the subject of Oplum; the main complaints have been about the As you will illegal establishment of a Monopely at Cauton, in spite of Treaty engagements.

at

at the

MOVEMENTS

Chas. J. Gaupp & Co.,

the North and Japanese as far as our experience and our ability permit the devolopment of the groot constitutional Russians in We have made reproseat tions to His Majesty's change upon which China has decided to embark, in the South-the railway zone on either Government upon such diversa subjects as tho a change which is being followed with consider. side of that line, the overflowing tide of Chinese Japanese Treaty, Korean Customs, Railway nhle interest by the whole world. The differl. population gradually spreading over the coun. Extension in Manchuris, the Opium Quation, ties which lie before those who have set their try, the probable expansion of Siberia into a the Proposed Opium Conforanes at The Hague, and to the plough in this large fleld aro Asiatic Canada, are some of the factors which Carrency Reform, Whangroo Conservancy of the greatest magnitude, and will tax to the have to be considered when we look forward to Shanghai Settiomont Extension, Fostaatust the administrative ability of her greatest the future of that important territory. This Agencies in China, Trade Marks, Registra statesmen. The definite settlement of the future Association line always maintained that the

MARINE INSURANCES.-Unions, under pro. tion of British Limited Liability Companies Constitution defining the powers of the repre-safest policy is to cast our influence in favour of

fit taking, are alightly lower with sales and probable sellors at $813. China Traders are at Shanghai, and Registration of British sentative Asserplty is relation to the Imperial maintaining the integrity of China and of the Authority on the one hand, and the Provincial principle of equal opportunity for the trade of

wanted at 8105 and Yangtze at $190. North Shipping at Shanghai. Regarding some Governments and Assemblies on the other, the all nations, and it is in furtherance of these views

Chines are steady st Tls, 167, and Cantons of these, our views have rooved favourable

8180, the latter closing with probable consideration; in matters still to be dealt with, whole question of the adjustment of Provincial that we support the development of thecountry by

FIRE INSURANCES.Hongkongs can be we hope to find that the curse we zacommend Autonomy to Central Authority, are of them new railways. We are glad to learn that Japan

sellors,

will be followed; in other cases, as I said bafans Belves issues of great importanos and extremely is not opposed to railway extension in principle have seen from the telegrams in the Fimes placed at 325, lai no shares are available. dillonit to solve, whlist the Financial, Fiscal bat, on the contrary, is willing to participate in and the interesting letter from its Peking Chinas have been dono at 8318 and 8119 closing and Legal problems to be dealt with add to the carrying it out, Recent events seem to show that correspondent, the whole of this dificult with buyers at the former rate,

BHIPPING-Hongkong, Canton and Maanen Russian policy is directed towards the develop-question has been settled by the practical complications of the situation.

ment of Mongells; and we therefore: look concession of every point to the Chiness. Are firmer, and after small sales at $91,

Under the new arrangemente our Governmentis $292, and 374 are in demand

Indo-Chinas bave again It is a curious coincidence that in this country forward to some arrangement being arrived at said to have agreed to stop the importation of latter rate.

fairly extensivo! have always had the opportunity of laying Provincial Government should be uitvocated as by which the hinterland of Newelwang will be opiumas soon as China suppre sen the growth of boon the medium of oar views before the Department of

& paascea for mony of the ills we have, while in brought into closer connection with the outside, the poppy, and in the meantime to treble theduty business with local sales at from 567 to 870 for and farther curtail the shipmen's from India. preferred and deferred combined; and in Stato with which Wh

are specially con Chins, where they have Provincial Govern world. You will remember one action in sap. These arrangements cannot but entail serious London at £6.2-6 to £6 6, market closing corned, and as far as vo can judge our

tuents in full sporation, one of the greatest porting thespecial enterprise of the Chinchow- Jancial loss on Indin. It is most improbable with local buyers at 869. China and Manilas communications, whether verbal or in writing,

to be dealt with is how afioultion

Alguu railway was called in question owing to that these con essions were made without the have been done at 893 and $10, and are i are troated as emanating from a body of mon adjust the relations of Provincial and

report that the terms of that concession wore strongest evidence that China has takou offer request at the latter rate. Doaglases, Ster tive measures to suppress the growth of native Ferrya and Shell Transports are quiet and who are recognised as having some special

businers. Central Governments in a

way calculated that only Chinese and American materials were pium; it is stated that China awaits the pub without local experience and qualifications for dealing with to put an end to the continual friction to be used in its construction. As to that I lication of Sir Alexander Hosia's report with

REFINERIES.-China Sugars have ruled confidense, so that it will probably be favourable weaker with sales and further sellers at $95,

Luxons continue quist at $20. If she has succeeded in suppre-sing the growth MINT-No business is reported in this

section, and quotations are unchanged.

DOOKS, WHARVES AND GODOWNA.-Hong:

and Whampoa Dooks sales and sellors at $54, but af 853) there are small buyers, Kowloov Wharves

quiator, and shares now be obtained at 849. New Amoy Docks continue to improve, and 673 is now offered with cut attracting sellers. Shanghai Docks elege WHY GO TO in the North at Tls 62, and Shanghai and Hongkow Wharses at Ta 82

to

a

the subjects they take up, representing, as wo which prefails codder dual administration. can only say that although the terms of

of view.

NATIONAL ASSEMBLY.

PLAGUE IN MANCHURIA,

to her.

... IN

profess to do, public opinion of those intimately when, in addition to all those internal questions, the concession were not placed before na, concorned with the Far East. Whether is the dangers and difficulties of foreign relations we were informed, both by the representative of of the poppy in a ramarkably short spara of Majesty's Government en sco their way to act upon the suggestions we put forward from tiria are taken into account, one cannot but sympa the American concessionaires and the English time, serious as the consequences may be to thise with those who have to bear the burden contractors, that this was not a condition of India, one cannot but feet admiration at the to time or not, I think they do regard what we of so great responsibilities.

the concession, and it was on the understanding resolution and grit shown by China in dealing

with this extremely difenlt problem. have to say as an honest and disinterested ex-

that a fair field would be given to British REGISTRATION OF COMPANIES AND SHIFTING pression of opinion in furtherance of British

Whatever the shortcomings of the old régimo material that we supported the undertaking.

IN SHANGHAT. The advisability of establishing a Register of interests, and give na credit for looking at ques.

British Shipping and British Limited Idality tions from a national and not a partiam point may have been, the impatience of the new National Assembly to make many far-reaching

With regard to the outbreak of plogue in Companies at Shaughi, under the jari-diction In five special instances this year we have changes in its first session hardly inspire not been content merely with making repro confidenes. It is not improbable, however, that haris, the steps taken by her Govern of the Supreme Court there, giving to British can now be privileges whi

residents in Hongkong, he sentations to the Foreign Office, but have the abiest men in the country are in no hurry to ment to stamp out this dreadful disem on. subjects resident in Chins the same protection addressed letters to the Pross and are asked take a load in the new institutions until their titled China to general sympathy and respect claimed for and received the active co-operation of the status is more frisly established. An experienced We are so accustomed to hear that Government been urged upon the Foreign Offico. We are critic of things Chinese, speaking of the spoken of in deprecatory terms that it is a real given to and ratand that the question is pleasure for foreigners to be able to offer sincere receiving attention; we have done all we can to impress upon the Foreign Office the importance principal Chambers of Commerce throughout National Assemblies, observed that it was once

that this argent matter will be dealt with at no the country. The cases I rofor to were the aid of the Holy Roman Empire that it was not congratulations on the efficiency and energy of and urgency of these questions, and are hopeful very distant date, on the lines of our recominen Japanese Commercial Treaty, the Koreap Holy, it was not Roman, and it was not an the method in which they have dealt with this

terrible Bcourge.

dation. Customs, and the Chinchow-Aigan Railway, Empire, and so it might be said of the first trial

I have now referred to most of the varions Trade Marka, and the control of the Customs.

of representative Government in China, that it

subjects which have engaged our attention The first two maliers have been settled, is not representative, and that it is not Govern.

during the past year, and in them alone there is a god deal to engage the attention of the ment.

Committee in the ensuing year.

In 1910 China has passed through a time of

JAPANESE TREATY.

concluded is an improvement on the one

CURRENCY REFORM,

We are glad to believe that at last some steps are likely to be taken which will lead to

Chins, a reform, which the China Association

kong

easior

with

LANDS, HOTELS BAND BUILDINGS--Hong- kong Lands have been booked at $95 and $96, market closing with sellors at the lattor rate Kowloon Lauds to wander at the allor rate, Pointe at 347, Humphreys Estates can also be placed at 86, but at $63 there are altera. Hongkong Hotels are Bris at $115 and $75 for COTTON MILIS-Hong ongs after sales at the old and new issues, respectively. 85 and $5 are lower again with sellers at $41. Ewon are quoted in the North at Tls, B5, Boy Chees at Tis, 172, Lou Kauge Mows at Tis. 57, and Internationals at Tls. 48.

MISCELLANEOUS.-Campbell, Moore's are wanted at $9. Cemetz at 83.10 after sales af $3, Chins Lights at 81.10, Watsons at 252, Fisheries at 873, and Powells at 83.10. There

and although the Trosty eventually The record of the first published Imperial the establishment of a nuiversal currency in originally submitted, it is more than probable Badget is most interesting; it shows that groot has urged for 20 years, The Deores of 24this and famine in Northera Kiangsu after small sales, and Electrics at $215..

productive expenditure.

FORTION LOANS TO CHINA,

rest trouble and sariety. The plagne in Man

accounts

ÅLEXANDRA Buildings.'

[256

N. LAZARUS

FOR YOUR GLASSES ?

BECAUSE

You will receive Fair Treat

went.

A Carofal and Intelligent.

Examination

We have a Sound Optica Basson behind every Lans

aro sellers of Dairy Farms at 320, Ioes at $135 N. LAZARUS,

RUBBERS--The following quotations-middle prices have been received from London by OPTHALMIC wire to-day: Highlands and Lowlands ...

bland

Iondon Aristics Loudon Ventures

ss the resonroes of China may be the all May and the proposed Regulation in regard to have called forth widespread sympathy that its effect will be to curtail many im

plague has not spread portant branches of British trade, and trans open the nations purse are likewise very heavy, coinage issued by the Board of Revenue, if car happily the for production from this country to Japan sad it also shows the importance of conting ried out under efficient supervision, will, we to the Bouth, and the latest

believe, place the currency of China on & sounder justify the hope that it has been suppressed in One theoretical effect of the high scale of further foreign loans, as far as possibla, to ro

basis than it has been in the past, provided that the North. The financial orisis at Bhanghai in the summer was another misfortune which daties about to be levied on Imports into Japan

they are supplemented by equally sound regula, affected both foreigners and Chinese, but the should be that Japanese manufacturers will he

This Association has not considered that it is tions regarding bank-notes. But everything will wonderful recuperative power of that important United. Serdangs...

centre has already shown itself. Internal poli- Allegars handicapped in competition in the rentral Chi- mese market, but our experience in the past ha cailed upon to make representations regarding depend upon efficient supervision. It will be

atic complications and foreign relations have Bata Tigas shown that this is very unlikely to be the effect any special financial operations which may have disastrous blonder if Chins does not take step

both given rise to some anxiety in the psat Saporgs......

for Linrgie... In practice. After the imposition of a been entered into between responsible financiers to restore general confidenor in the stability of year and will probably continue to do so

Anglo-Malays scale of duties in 1896 there and Chinese officials but in the Report we have her currency, now that she has a chance to many years to coms. The future may be alled

with uncertainty, but we hope that China Straits Bartams high great developinent of manufacturing drawn attention to the foot that the Chines rectify the errors of the past, by appointing the will suscentfully surmount the difficulties and Eastern and International Truste industry in Japan-imports of manufactures Government has clearly intimated by Imperial best man she can get for the post of supervisor dangers which lie before her that the solutions Rubber Traini from India were preotically annihilated; thay Deores that it will accept no responsibility for Perhaps the outcome of Indian experience will of las grave problem upon which she is 201

**

**

85/-

67/6

10/3

18/3

6/3

3/9 prom.

12/6 prem.

OPTICIAN, CORNER D'ÁGUILAR ST., HONGKONG,

ICE TO KOWLOON RESIDENTS

【TRA COPIES of Daily Pres are on

Bale daily at the following Storos KOWLOON BOOK STALL, Ferry Wharf Meats. H. BUTTONJEE & SONS, Kow-

loon Store, No. 36, Haiphong Road. Mrs. HUNG CHEONG, Haiphong Road Mr AH YAU, Hongkong Biall, Farry Wharf