1911-06-12 — Page 3

Page

RANDOM REFLECTIONS.

HAMBURG. "LETTER,

The working of the calendar soems to have wBITTEN EPECIALLY FOR THE "MONGKONG- returned to the normal, and our · seasons are quite distinctive again. For a year or twe we had almost forgotten that Juab represented

the rainy season, but there have been no lack of

before evening.

The moon bath raised her lamp on high and mocklight pionics are the order of the last for sights. No feature of Hongkong life holds the iamgination se strongly as does this forms of lanach picnic, and those who are now in the

Herisland look back with plessure to these happy nights now buried with the past for them. We are happy in boing still hore to enjoy them.

D ILY FREES."]-

May 19th.

COTTON SPINNERS VEDERATION.

THE HONGKONG DAILY PRESS, MONDAY, JUNE 12г#, 1911.

COMPANY MEETINGS.

CHINA AND MANILA STEAMSHIP CO, LTD.

The twenty eighth ordinary general ineeling

K. Bayce.

The Secretary read the notlos convening the meeting.

We do all we can by most stringent orders to officers and crewn, and diligent rearch at no little expenso to discover any attempt at smag gling, and yet generally suffer from fines when the culprits are detected. However, we have reason to believe the administration of the law

There were no questions.

of the report and accounts as presented.

The CHAIRMAN then proposed the adoption

Mr. WHITE seconded, and the motion was carried unanimously.

As stated in the circular of March 31st last, subscription of this Best isame of £50,000 hes group, which inciades several members of the been yaaranteed witheat charge, by a financial Board. There is, therefore, no question as to the result of this financial operation.

THE PAST YEAR'S WORKING.

We stated in the airanlar of March 31st that

the two

At the annual meeting of the International of shareholders in this Company was held at the will bo mildor in the future, and if all we kasr the result of the Company's business for the reminders these days. Esan with the clearest Master Cotton Spinnera" Federation held of office of the General Managers Messrs. Shewan, is true that in a pouple of years China will know your ended February 28th lust showed a redno xkies overhead it is unwise to leave home with. Barcelona last week under the presidency of Tomes & Co., at noon on Saturday. Mr. C. A.) opium no more, oar worry on this account|tion compared with previous years. In view of out an umbrella er a waterproof, otherwise the Don Eduardo Calvet it was stated that practical. Tomes presided, and there were also present: Dr. should not. fast too long? Our appoint proven the statetuents made in the directors' report of

October 13th last and at the potless simrner suits look rather bedraggled ly all cotton mills in the world had joined the J. W. Noble and Mr. E. P. White (Consulding Hire Berrico coste the Company in wages $150 hold on October 28th last, this reduction in profit general meeting naociation with the exception of those in the Committee), Mr. A. Temperley (secretary),rer mouth, and dros imposed last your were will not liste ccasioned

Mears. B. H. Hancock, A. 8. Ellis, A. G. Pesos 1,000, reduced on appeal from a larger causes-anmoly, the unfavourable condition of

Any surprise, United States, with whom, however, it was morely a question of time. Statistical rotoras Gordon, C. Klinck, A. Cordeiro, J. A. Young, smeunt. Within the past two or three days it trade in China and the competition of the mero repeived at certain dates from about 90 per Fung Shui Wa, H. F. Campbell, A. Osorio and has been notified that quarantius is imposed in Lanchon Mines-haring boon dealt with nu that cent. of the satire number of spindles engaged

Manila on account of the plague in Amoy and

occasion. The not profit for the year, however, adrisod from Chin, after putting aside some which was proving of great value to the trade.

here. This may restrict our carriage of storage £35,000 for depreciation, and subject to the au Altogether the work of the Federation was

passengers. Before moving the adoption of the

dit of the accounts, was equal to 1 per cent, on report, gentlemen, Iwill bo pleased to answer declared un interim dividend of

the capital of the Company, and the directors making satisfactory progress-courts of arbi-

5 per cent, tration for the settlement of differences had

any questions.

which became payable on the 1st inst, been established and their united efforts had

We cannot at present say that the state of trado in China shows may improvement. As secuted in obtaining certain alterations

regards the competition of the Lanchow Com- in the terms of the fire insurance policies.

pany, wo stated at the general morting in Octo ber last that it might be

to take drastic. Trade itself, however, continued to suffer

osurea to deal with it. from the high range of prices resulting

seriously these for the time being. measures might affect the profits of the Company

We found it from a short crop in the United States; with

necessary towards the end of last year to meet the an adequate supply of the raw material and mod.

compotition of The crate prices.Sir Charles Macara, the Chairma

Lauchow Company by raduo- ing our priers for certain classes of coal at many of the Federation, thought there could be no

points where they come into contact with us. The result has be, of course, a reduction in doubt that, great though the increase in the spindlenge had been during the last for years,

our profits, but the consequences to the Lanchor orory mill would be fully occupied; as it was, however, the prospects of a plentiful supply were not promising and the only means to adopt an.. der such precarious circumstances was therefore general curtailment of production of yarns and goods. Reports were read on the progress of the cultivation of the article in the African colonies and other countries, but it was admitted on all hands that.. however satisfactory the results obtained so far might be, it would take many years before the quantities raiset would be important enough to have any effect on pricER.

The moonlight pickie "seors an advance on the dance which the good folks in the Philippines mako a form of pleasure.. It is difficult to work up enthusiasm for dancing when the great de- sideratyn is to keep cool, but the Americans with characteristic energy don't seem to bother about that, though it is rather amusing to read that in consequence of the warm weather pre- Failing the Cavite Dancing Club is responsible for what is called a shirt-waist dance. Tripping the light inntastic in attire à u laws tounia sounds fairly rational. Britons, of course, would wover dream of doing such a thing. To make a departure from custom like that would be ro- | garded as an outrage. Even in the Straits where I understand they manage a fair amount of dancing despite the porpetaal boat, they have not yet dared to discard conventional dress. La this instance the ladies are responsible. They decline, I am told, to sanction any change. I wonder if the dear creatures aro animated with any sort of desire to get even with men whe dictate to them what fashions they shall adopt or not? Or is it jut their sweet unreason* Ableness ?

The question of dampness in cotton was aguia brought forward and dissatisfaction expres ad at the manner in which it had been treated by tho I wonder if I have discovered the true sigui cotton exchanges of Liverpool, Bremen and ficance of the suggestion for a Sanitary Board Harro; it was resolved that the trade must in- flag? Assosiation with such a flag would probsist upon the adoption of measures to safe. ably be too much for the American Consulate, guard its interesis in that respect, and that the It sounds like a deep-laid scheme för kooping spinoers of England, Germany and Peanes the Stars and Stripes from flying on the now should bring their influence to bear upon the Post Oftoo. By the bye, when is the Post throo exchanges in order to obtain a remedy for Offos to be opened? Nobody seems to know the evil, anything about it.

STATE INSURANCE.

Now that Mr. Lloyd George's scheme of a comprehensive systein of Slate insurance in

The CHAIRMAN said:- Gentlemen,-The Report and Accounts have been before you for some days and, unless you rich otherwise, wo- will dispence with randing them. I should frst of all explain that we are very lato in holding our meeting this year, because the Accounts were more complicated than usual, and we had to swait the parsing of the Report of the Philippines 2. B. Co., which occurred only on the 23rd May, As the Philippines Co. only shared in less than two months' working of the steamers last year we make our usual commenta at this Chian and Manila meeting, but in future it will be more appropriate perhaps if this were working is a very sacero sot-back to the Com done at the meeting to Manila. This last your's

any. The first few months word bad enough, but matters grew worse as the year want oo, until, finally, deaming it imperative to make a change of some kind, wo put hofers you the scheme of transferring the steamers to the American flag.

measure that had been for some time under consideration. It is early yet to say what the ultimate outcome is to be, but we have stayed the onlflow of the Company's funds, and can we maintain the present degree of improvement and receive a full demonstration of the encourage. ment we have been led to expect at the hands o our good friends, the American Authorities, we shall soon return to the pleasanter days of Adequate depreciation and appropriate dividends. The scheme was put before shareholders and approved unanimously in August last, and the transfer took place in November. One insidant in this connection we deplored very much Prag the enforced discharge of the old skips" officers, some of whom had served the Company long and well, and the financial position of the Company was not such as to warrant any very liberal allowances to the retir.

Mr. GORDON moved, Mr. KLINC seconded, and it was ngrend, that Mr. H. P. While and Dr. J. W. Noble should be re-elected to the Consulting t'emmittee.

Meants. W. H. Potis and A. O'D. Gaudin were reappointed auditors, on the motion of Mr. HANCOCK, Seconded by Mr. CORD BIRO. gentioften. Thank you for your attendance.

The CHAIRMAN That is all the business,

THE CHINESE ENGINEERING AND

MINING COMPANY (LIMITED).

ISSUE OF SECOND MORTGAGE UØDENTURES,

The

Company luve, we balfore, been far more serious, and must become still mare serions to them as time goes on

THE NEGOTIATIONS WITH THE CHINESE GOVERNMENT.

We are asked by shareholders from time to timo what is the state of negotiations kotworn the Company and the Chinese Government. The proposals made on behalf of the Viceroy of Chihli, which were referred to in the last directors" hare led to no result. The Chinos Import Gorernment shows

NA favour to the Viceroy's proposals, which have accord- ingly been dropped, and another official has been charged by to Chinese Governurut to take the matter in band, but at the present time no negotiations are on foot. The directors feel that, after negotiations of various kinds extend ing over nonmber of years, and which have been without result, while maintaining, as ther always have done, a perfectly friendly stitudo towards the Chinescunthorities, and being always prepared to consider any proposals which may consistent with the interests of the shore- holders, they must apply themselves to tho

bosinnes prosecution of the Comp

ar's

in all and it is in pursunun of this policy that we al directions, irrespective of other considerations, mit the resolution which is before you to-day, I now move that the resolution which you have heard road be received and adopted

Mr. Edmund Davis seconded the motion, The Cairman – Unless any gentleman

tion to the meeting.

The resolation was carried unanimously, and the proceedings then terminated.

RUBBER COMPANIES.

INTIMATIONS

CORONATION

CANDLES.

WE Bog to Notify the Pablis that

We bave Just Received a Large

CANDLES,

SHORT

Shipment of

suitablo for the forthcoming CORONA TION ILLUMINATION and they are

requested to make an early application ~

to avoid disappointmont, as the domand

is likely to be great.

H. RUTTONJEE & SON,

38 and 40, Queen's Road,

Central,

HONGKONG.

GOLD

AND

SILVER

An extraordinary general meeting of this Company was held in London on the 17th ult., at Winchester House, Old Bread-street, ander the presidency of Mr. W. F. Turner (chairman of the Company), for the purpose of considering and, if thought fit, passing a resolution anthoriz. ing the directors to borrow or raise such farther sums of money na thog may think fit, but so that the amount borrowed or raised by the Company and then outstanding shall not exnend three fourths of the issued capital of the Company,"

Assistant Soorotary having read the notice convening the meeting as above,

The Chairman said:tertlemon, The notios of meeting which you have just heard read states

which the object of the meeting, wh is solillon increasing the borrowing powers of the to pass a re- directora ap te no amount equal to three-fourths of the issued sapital of the Company. Tao reasons for proposing this resolation are set out so clearly and so fully in the directors ciroular to the sb rebolders of March 31 last that it is One might almost imagine on roading the romarks of the Chief Justice raade during the England has been received with enthusiasm by ing mon. Their behaviour wus amicable, holy necessary for me to anlarga npon them. wishes to say anything, I will put the resola

The present borrowing powers of the directors hearing of the hotel core in the Supreme Court that Kowloon is a weird sort of place in which all parties inand out of Parliament, it may be of ever, and as far as we know they have now all are limited to £500,000, being one-half of the issued share capital of the Company. As you are to live, or that those who choose to live them intorost to note what the results have been in obtained useful employment, The expenses of aware, as issue of that amount in six per must have something wrong with their heads this country, where it has now been in operation the transfer much exceeded anything we concent. debentures was made immediately on the for over twenty-five years. I already stated on a templated. Renewed docking shortly after the formation of the Company, the money being previous occasion that in the opinion of the ships had received their annual overhaul, a reduced partly for capital expenditure and for payment af liabilities of under.

The report of the Kepong (Malay) 'Babber medical profession it has been productive of a terations to comply with the American kusaking en acquired by our Company. Dar

Estrien states that-daring the past year 24,000 great doal of malingering; in an article tion laws, licence and registration for, legal base balance-shout at February 28, 1916, shown trees were tapped and produced 46,3581b, of dry entitled, "Pension Hysteris," the Chemnitzer penses, inaugural trip in Philippine ports, ke, that out of this original issue of £500,000 of de rubber, as against an estimated output

of bontures £118,540 had been cancelled,

oither

by 35,00016. The gross amount realized by sale Allegemeine Zeitung now says that it is all came to the considerable suzi of over $36,030 redemption with the terms of the issue, or by sale price of 6, 11d, par ib., as compared with ENGLISH.

Our inter-island earnings to which we must accordo the rate of £10,000 per srium, in of rabber was £ 98 representing an average

purchase of debentursa on which mainly look for a justifigation of the change of

on the market, and that 7. Bid. per 1b. for the previous year. Th £48,540 of debentures purchased and cancelled m nsumed his duties. The Hon. Mr. W. D. are resorted to in order to procure a pen flag, were inconsiderable at first, but are melt bad been re-issued, leaving a net amount'out. estimates that the production for 1911 Riou, and that State insurance hue undeniably better and approaching the main lino receipts, standing of $430,000. This has been farther harvested to April 30. As the lureholders will be 100,000lb., of which 21,7001k, had boont Barnes received a welcome which was Torozeraised a demoralizing influence on the work- friendly because unofficial at the Legislative ing classco. One of the worst effects is" Pension Government assisinace has not taken tangible reduced by the sum of £10,000 drawn for re- have already been informed, 50,0001b, have Council on Thucadny, and this impression which Hystoria," or Pensionitis," an evil weed form yet, but we know on the highest authority domption on January 1 last, the present amount been sold forward at 8s. 68. por 1b., and, in

outstanding being therefore £420,000.

view of the decline in the price of rubber, he created then was very favourable.

nourished by the nearkathesis fondney of the that our endeavours are appreciated; the Gov.

The capital to sives the forma this was very satisfactory arrangement, ernment want our boats on the run, and they are tion of the

alown in

the the The proft for day. An eminent medical authority.

year WAB £10,348, Mach is being said at Home about the health-Profesor Windscheid, once declared that if going to give us all the encouragement end balance-sheet February 28, 1910. which, added to the balance brought for giving effects of playing wind instruments there were no pensions, there would be direct support they properly can. Government £240,000 in excess of the amount of de interim dividend at the rate of 15 per cent, per smounted to £659,765, which is nearly ward, makes £11,075 available, out of which an I suppose this would mean that blowing one's

cargo and passengers are under old contracts bentares now outstanding. This excess bas, of annum for the half-year ended June 30 has en trumpet would be conducive to the attainment

until next month, and then we shall hope to see course, been provided by the sums which have paid. The directors recommend a final dividend a realization of the promises made, and in these bean set nila from profits to reserve year by of 32 per veut, making 40 por cont, for the

we have the utmost fiance-sheut to £245,000. The time has cons

year, und whish mounted at the date of tholast year, leaving £1,076 to ha carried forward. promises, gentlemen,

when it is necessary to replace a portion of this excess capital expenditure and to make provision in councetion with the extension of the Com for farther capital expenditure which may arito pany's busines

What else can he mean when he says that "soina people are condemned to lice in Kowloon, others Or that in order to go

choose to live there?"

thero one has to go a journey over seas which are sometimes tempestuous? Perhaps that is judicial hour.

Our new Colonial Secretary has arrived and

of a ripe old age.

*

painful to observe the exaggerations, falso- hoods and

kind

other

mosa

tricks

from a soil of moral werknem

frat instances, and had then been carried to a

The

at

the

"Accidents Neurose," and another, Dr. Fried. cites cases where no injury of ouy and had been rastained, but where a pension has been obimed on the plea that the applicant The holidays last week-end were not taken had need working, feeling unable to work, And that, although it might be pura imagination,

The report of the Batu Tigs (~elangor) Rub- very seriously. Apparently most people are this morbid iden was the result of the airidert, confidence. We have an enruest now of what we

her Company for the year to December 31 shaxe holding themselves in regorve, as it were, for and therefore entitled him to compensation may expect in the shape of an allowance for carry

a net profit of 219,984, from which has to be t good time at the Coronation. After all, holi. Such claims had been invariably refused in the ing the U.S. wail between Maails, Heilo and

dednoted payment made to Selangor Plantations Syndicate (Limited), £1,950, and

and interim divíd days here aro rather unsatisfactory sort of things. higher court, which, confirming the decision, and Cebu, and shall receive a payment of Pros

end of 2s, per share, leaving £10,959. This the Easter and Whitsuntide aro usually associated been impugned for a want of understanding of 15,000 on this account on July let,, and pórkopa

TWO NEW BRANCHES OF BUSINESS,

directors ргорова

to dispose of by writing off with travel, but the facilities for getting away ocioposed boon is thus becoming a gource so the bonent of the Government contraction of the manufacture and sale of coke, penso acconst, £421; paying a further dividend

mel.

something were, until such time as we begin to

For soure time past our agent and general underwriting commission and brokerage on manager, Major Nathan, has been studying the shares, £2,648; writing of debenture issue ex- from Hongkong are not such as appeal to the

of oril by weakening the spirit of self-reliance, Home iden of a week-oud excursion.

for the chief object of insurance legislation is work in Angust. The boats are well kept up and the farther question of the manufacture of 24. per share: and carrying forward £815.

and ente of sulphate of ammonia, for The rubber crop harvested amounted of disablement, but the providing of means CB50

market in the Far East, Major Nathan 96,43286, orainat a revised estimate of 95,000

and the averag price obtained was 68. 1d. per made certain reports to the directors on these por lb. net, as cgainst. 7. 7d. per lb. for the

There would appear to be little doubt, from the Mansorgla has recently visited the estates aud subjects, and we have recently had an opportun previous year. For the current year the ity of discussing them with bim personally. manager has estimated a crop of 160,000lb, Mr. purely commercial point of view, of the desir reporte that, as they were quite clean and free ability of the Company adding these two bron- from weeds, & reduction in the expenses of ches to its business, for dealing with which we weeding, might he expected. have exceptional advantages in the possession of The report of the Rubber Estates of Krian enermote quantities of seal, in our very lowout for 1910 states that the rubber erop for 1909 to of production, and in easy access to the sea at 1910 was 41,2001b., which realized an average gross price of 7s. por lb. The production was the port of Chingwangtao and before the directors commit the Company to 14,000 trees of all ages, or a yield of 2.9th, per The subject is, however, a very technical one, derived from an average of not more, than any serious expenditure further investigation on tree. The proft was 56,015. The directors the technical side will have to be made in Earope recommend a dividend of 5 per cent, for to To this part of the subject Major Nathan is now period ended December 31, leaving £673 to be devoting himself. We are not yet prepared to carrieil forward. The estimated output for 1911 make any representations as to the possible or is 75,000lb. rubber dry, and 160,000 coconute.

these two probable effects of the development of branches of business. We content.rasives for with the statement that the subject pressat is one of considerable magnituds, that it is worthy of the most serious consideration, and that it is our duty to place ourselves in a position to deal with it whenever we may decid to do so.

PROVISION FOR THE COMPANY'S BEQUIREMENTS.

During the rain the group in the cricketZot the granting of pensions, except in extreme and are in excellent order, and do thoir work both of which products there is a large

a huge umbrella.

"What is the crowd for ?" she asked. *Waiting for news of the war." "Why is there a war on?" "Yes,"

pavilion wore telling their bad weather and for the restoration of health. The hopes the wall, but there is no disguising the fact they the weather stories. One of the best of them originator entertained with regard to the are ten years old. Although written down to wont back to the Russo-Japanese war, when ing classes have therefore not been realized, we shall not be able to avoid the subject of ethical affect of the measures on the labour half their original cost, when we can afford it,

crowds stood outside the newspaper offices wait and there is something profoundly

tragical in ing for the expected news about the meeting

the statement which

the further depreciation. Trade generally between of the rival fleets. An old lady wanntored past Home Secretary felt bound to make in here and Manila is decidedly dull, and shows no an old lady with a black dress and bonnet, and the Reichstag on February 18, 1916, that they elasticity. The Payue Act was a and blow

had failed in the nitempt to bridge over the yawning gulf which the economic strugklan of to bo transhipment trade for American the last few decades had created between the goods. We had a little lesson in our loaf different classes of the population. The question recently when we heard of a decision by may well be asked whether the objects for which the T.8. Court of Customs Appeal that such enormous sacrifices of personal indepen dener, of labour and of menoy have been made, the definition of direct shipment between *My word!" the old lady said, pleasantly, have really been attained. Many antonist the the U.S. and Philippines did not restrict the "they've got a nice day for it, haven't they?"

middle classes in comparing their position with

carriage of cargo to one bottom, but all action that of working men will come to the conclusion pursuant to this decision is suspended pending RODERICK RANDOM. that they can neither in case of sickness

command the same excellent medical advice appeal to the Supreme Court of the United THE USE OF THE ROYAL STANDARD. | and the same careful nursing, nor look forward States. The export of cattle to Manila, once a

the to

future with the

feel.

source of important earnings, has ceased altoge The following despatch from the Secretary of fag of security and they will be inclined to State is published in the current issue of the consider the vast outlay incurred for the benefit ther, and a return of it is conjectural. The Gazette:--

of the working classes in no man per compensated Philippine people will not have diseased cattle for themselves. This will necessarily tend to

Downing Street,

11th May, 1911. SIR-I bave the honour to inform you that His Majesty the King has decided that the Royal Standard, which is the personal flag of

the Sovereign, is not in future to be flown where His Majesty is except when and personally present.

kame

Lon

the

the

150

WATCHES

SWISS

AND

ELGIN

SUPERIOR

QUALITY

MOVEMENTS

Chas. J. Gaupp

& Co.,

ALEXANDRA BUILDINGS.

WHY GO TO

[256

N. LAZARUS

FOR YOUR GLASSES ↑

CHINA AND KING GEORGE'S CORONATION

THE DEPARTURE OF H. H. PRINCE THAI, CHEN. by the reiterated promises of sinfilar provisions brought into their country, and critics of their which will enable increase the number of diseantented grumblers, setion will approve when it is known what havoc

His Highness Prince Tasi Chon, Special who are fast becoming a danger to the com-has been created in some provinces, and the

Ambassador to King George's Coronation. left: munity

Honkong Government seems unable to We propose, in order to provide for the Peking on the 30th alt, for arbin, on route to Meanwhile the Government Bill for the inprovide, whether from economic reasons or of six per cent, second mortgage debentures, officials, says our Peking contemporary, began to Company's requirements, to croste £250,700 Barlin and London. At 11 am. many high surance of clerks and other employés is sing with rapid strides in the Biestory satisfactory to

* Progres-

Station, not I cannot say a form of inspection and to issue from time to time so much musko their appearance at the Chienmen may be expected to become law very shortly

the Anthorities.

of these rond zaortgage debentures where detachments of the Imperial Guards, the with-but

right modifications. Although the other side of the wator. Hinderpost, which may be required, the amount to be issried polies and the British Legution guard were also

in the first instance being 2. Accordingly Colonial Regulation No. 148 principle of the measure cannot but command

by the bassador. Many high officials were present in mure than docimates the Philippine cattle, and all be newing the end of the . We assembled to do honour to the departing Am- the sympathy of everyone, still it is felt to be a which requires the Royal Standard to be flown heavy burden imposed upon the trade and in thereby destroys the principal motive power of time this issue can be made and the proceeds person to bid His Highness farewell, omong BECAUSE at Government House on the King's Birthday dastries of the country, all the more so as the the agricultural labourer, ja, I am told, not in received. The price of the issue has therefore them being Princes Su, Pa Lan, Ah and Yo and on the days of His Majesty's Accassion and the cost of cling towardeit, oxoopt part itself detrimental to the best of the animal as been fixed at 94 per cent, the interest to pin Tang, and Mitiators of Shits. Then Chiwlai, next. have to Shong Kang-pao and Vice Ministers Hoo Wei- Coronation, has been cancelled, and Colonial

to those subscribing

tah, To judge from some of the speeches in Far food, and so is not anoh a dread foe to our the

Theo Tulio, Lt hing-fang, etc. His the opportunity Regulation No. 149 will in fature run as liament, and from the correspondence on the Colony. It is a pity, of course, that something holders who are the taste, and as we have platform, while the two brothers of His High may be registered on the Company's Excellency Tast Fang was also seen on the subject appearing in the newspapers, people in cannot be done, for the supply of cattle from books at the England, too, sro coming to the conclusion that

who are not registered, but who hold bearer be flown at Government House daily from with regard to the beary aspanditure it involves, ascessfully. The Philippine law on opium certificates, asking to be allowed to subscribe

The Union Flag, without any badge, shall state insurance has its drawbucks, not only / Tonkin to Manila seems to ge ou steadily and received a number of letters from shareholders ness were among the more prominent per- Bir John Jordan and Messrs. Borton and is likely to go on increasing from muggling causes us continual anxiety and some part of the issue, we shall antonneo the Phillips, Becretaries of Legation, Mr. Calhoun,

issue to the holders of bearer certificates by Minister of the United States, Secretary OPTHALMIO year to your, but also with respect to its probiderable expense, and the operation of means of advertisements in the newspapers, in Tenney, and Mr. Tjuin, the Japaness Minister. able effects on the “morale . of the insured, to guard against, which it will be diffent to law bears with undeserved severity and order that they also may have an opportunity were the principal foreign officials seen at the devise effective safeguarda.

hhness upon the steamers in the trade. of applying.

follows:

sunrise to sunset.”

I have, etc.,

L. HARCOURT.

The Offer Administering the Government of

Hongkong.

of administration.

and which

of

sonsgir.

sta ion.

N.

You will receive Fair Treat

ment.

A Caroful and Intelligent

Examination

We have a Sound Optics Reason behind every Lens

LAZARUS

OPTICIAN, D'Astian St, Hondrong.

COBWE

[242