1912-02-22 — Page 2

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IMPRESSIONS OF CANTON.

THE PASSING OF OLD. CANTON,"

After an absence of nearly three months from the City of Rams it was interesting to return and consider the present state of affairs. A casual walle through the chief

THE HONGKONG DAILY PRESS, THURSDAY, FEBRUARY 22ND, 1912,

Governor, and those who have held this post scem to be glad to shuffle off the oserous duties of the position and lead an army to attack Peking. The pernicious practice of officials giving posts to relations still seeme to be in favour and it is more than probable that Suo Mei, the brother of Sun Yai Sen, will be engineered into the Canton governor- ship. The fact of the matter appears to be

1

COMPANY MEETINGS.

CHINA PROVIDENT LOAN AND MORTGAGE COMPANY,

On the motion of Mr. GAZDAR, seconded by Mr. KLINCK, Messrs. H. P. White, U Poi On and G. H. Medhurst were re-elected

Dr. Noale seconded, and the motion was companying the sccounts. The mortgage loans agreed to.

are Tis, 147, 907.48 more than last year and are fully covered as is also the other item of Tis. 110,087,76 of sundry debtore. The debenture purchase account represents, an has been explained, before a small amount of our own 51 per cent. and 5 per cont

dobentures which The general meeting of shareholders into the Consulting Committee.

wo took at a low price Of these The 4,000 Mr. HANCOCK proposed that Messrs. have just run off and will come into this year's the above Company took place yesterday af

socounts. In regard to our debentures I shonid thoroughly taken hold of the people. Soldiers may be termed destructive ability, those Shewan, Tomes & Co, Mr. C. A. Tomes elected auditors at a salary of $150 each per first isase of debentures), having been paid of streets shows that the military spirit has that while there are many men having what the office of the General Managers, Messes, A. OD. Gourdin and W. H. Potts be re- remark that Tle, 250,000 (being a part of our

possessing constructive ability by which the

multitudinous factions may be welded into presided, and there were also present annum.

are

in 1910 we havo modo a farther issue of The. was 100,000, of which Tis. 750,000 were offered to the public and Tis. 749,00 were disposed of up to the end of the year. The balance of the mil lion is in course of issue and is being freely sub- scribed for. We have made no sales of property during the

year and our only purchases have merely been for the complation of existing estates and do not wount to more than some possibilitise, wo many pros and cone, that it is

The revolution haa

of various kinds and of various stages of slovenliness are to be seen in every thorough a strong and progressive whole appear to Messrs. H. P. White, G. H. Medhurst, Mr. Suva seconded, and the motion fare, while every other man appears to be wanting. The position is one undoubted. Poi On (consulting committee), J. Young agreed to.

ty of great difficulty and needs a man of ex-

The CHARMAN-Dividend warrants wearing the badge which shows that he has ceptional ability, fact and experience at the (secretary), Dr. J. W. Noble, J. Doyle, A. been enrolled in the "People's Army." It head of affairs. To keep in bounds the ex- Crane, R. Hancock, M. A. Figueiredo, R. ready now. That is all the business, gentle

Thank you for your attendance. is interesting to observe, however, that most rascals forming the People's Army" re- Henderson, C. Klinck, Fung Shiu Wa, men.

latest reports say that there is some danger of the old feuds between the Pan-trir and Hak-kes breaking out again. If this were indeed to occur the difficulty of the position would be increased enormously. Severat innovations have given offence in many quar fers, especially the change of the calendar

customs.

of the men wearing these badges are those quires talents of no mean order, while the A. H. M. da Silva, J. A. Tarrant, D. D. SHANGHAI LAND INVESTMENT CO. T. 17,000. As to the future there are so many

of the lower strats of society and to see those of the better class sporting these favours is rare. Judging from the numerous brutalised faces to be seen in every street the pirate and "bad character" element

fact that shiploads of these ex-rascals have been shipped away to the North.

Large numbers of men fully armed are to be seen in the streets and it is easy to conceive that conflicts between these persons easily occur,

ments into

an

Gazdar, and R. A. Ferguson.

The SECRETARY having read the notice convening the meeting,

The CHAIRMAN SAK-With TOLK mission, gentlemen, we will take the report

to

D3.

in the num

The annual meeting of the Shanghai Laad best not to prophe caused a very large infinx Investment Company, Limited, was held on of Chinese and a fair number of foreigners to per-Thursday afternoon last week at the offices of Shanghai, but so far we have benefited Ent little Massre, Gibb, Livingston & Co., Jinkee Road. from this, The Chinese are principally of two. must still be very strong in spite of the and the abolition of certain time-honoured and accounts as rend, I will begin by ex-

There were present: Mr. E. Jenner Hogg classes--the very wealthy who bare rented large Although the spirit of these changes is laudable, much cannot be said for plaining that the delay in issuing the report, (Chairman), Mr. J. M. Young, Mr. C. W hongs and the very poor who although causing a esrtain amount of overcrowding in small Chinese the wisdom of making such changes at such etc., and which we much regret, has been Wrightson, Mr. B. C. Fouros, and Mr. H. H have not helped to augment rents and an oar Chi- an early period.

It is a matter of opinion as to whether the caused by the extra pressure of work at the lonear (Directors), Mr. Phillip P. Peebles pesa properties were already fally let the anddon

influx has not yet made maoh difference native Press gives the public a really true godowns and by the longer time required (Manager), and Mesare, A. C. Hunter, JWhat we must wish for is an

an increase in t for many of these men come from different { representation of the exact state of affairs by the auditory in completing their work Johnstone, R. M. Saker, Arthur Dallas, 0. bor of Chinese who can flod regular employment

existing. The Press, wielded an enormous

unreasonablo districts and villages and own allegiance to influence in bringing about the change of under the new Companies Regulations that Platt, A. L. Anderson, W. Paton, and F. in and arcand Shanghai and it is not t

Camming.

to expeat to see some such healthy development came into force on January 1st. We are

as soon as the political horizon cleare, and our different leaders, and the Revolution has by régime and it is not to be wondered at that

The SECRETARY having rond the notice calling hope must be that this may not be long delayed. it backs up the present form of government confronted with a less favourable year than the meeting, and the auditor's certificate no means welded these heterogeneous through thick and thin. Hence all the good usual, but a study of the figures will show attached to the sewants,

Mr. A. HUNTEE observed that Tls. 30,482 harmonious brotherhood. peints of the existing form are presented in

"prémium on deben'ures had bean credited to Most of the old yamens along Wai Oi Street alluring terms while evils and weaknesses how this came about and will leave a reason-

The CHAIRMAN said:-I presume that as profit and loss soosunt during the year, and that

was profit they could not count on for the year. appear to have been turned into some kind are either not spoken of or at the best but able hope of being able to return to the usual we may take the report and accounts as

The CRAIRMAN »greed that was so, but added of government offices and the entrances of glossed over. Morever, it is a matter of doubt } customary dividend and one that has pre-read, but before dealing with them I must be that having made the profit, they had a perfect

as to how far the Press is at present free agent. Threatening letters have been seat Vailed since the inception of the Company.

allowed to express my own sorrow at the death right to distribute it. to editors during to criticise the People's The carry forward for last year

of my old friend, Alexander McLeod, and I know was less than the previous.

that you will all wish to join in an expression of Armor" and in at least one case one editor

by vas assaulted with a boiling events during

$2,151,87 deep regret at the ices of one who for so long the past few months has been the destructi>1

5,500.00 was associated with this Company and gave to it of his best, in aid and guidance, both in the of idols and vandalism in the temple; These occurrences have been regrettable for

4.286.54 Agency and when serving on the Board has not proceeded from a proper spirit. By various reasons, the foremost being that it

His is a place difficult to ill not only for this I mean that, in spite of these attacks,

$12.438.41 us but in the wider sphere of this community. the prople still remain idolaters at heart which very nearly represents the reduction To those bound to him by closest ties

be especially noticed that the war for it is

of to per cent. per share in the dividend. Our and to his colleagues in the firm I do, I The report and accounts were then passed, on The average Can- god is always spared. tonese is still as grossly superstitious as he income mainly depends upon the rate of a kare tender from ne all our heartfelt the proposition of the Chairman, seconded by

Young all was, and in his heart of hearts the interest prevailing, and this throughout the sympathy. The past year has been one of mach, J. M.

The Chairman proposed, Mr. Wrightson

all these are guarded by men armed to the teeth. The peculiar incongruities always to be observed among this people are very con spicuous in these soldiers and the spectacle of six heavily armed guards sitting in a bench all busily chewing sugar-cane and spitting at the refuse on to the pathway is, to say the least of it, somewhat ridiculous, European costumes do not appear to have gained such favour with the people as they have in Hong- kong, neither do the women appear to go in for the new-fangled style of head-dress to the same extent, as they do here. Barbers'

shops are exceedingly numerous and all dis-

y bomb.

powers of are much

Absence of any income an Invest. Decrense

ment accounts for

in interest storages and rents. Transfer from Reserve

received,

Making a total of

500,00

Mr.. HUNTER went on to express the rentals for the runnning expenses of the com opinion that the deductions · from grots pany were greater than they would have been in privately owned estates.

he had been giving great attention to, nad he The CHAIRMAN replied that that was a point was unable to say exactly where the expenses could bo obrtailed. He would be very willing to go into the matter more thoroughly with Mr. Hunter or any other shareholder at some other time.

be authorized to pay a final dividon1 for the

ye

year 1911 of 6 par cent, on the paid-up capital

to shareholders on the register that day.

It was proposed by Mr. J. Johnstone, sonnded

for the current year at a romuneration of Tia, Pearce be re-elected a director of the company.

Mr. G. B. Wingrove was re-elected auditor

INTIMATIONS

SKIN IRRITATION

MADE HER WALK : FLOOR ALL NIGHT

Came on Hands and Arms Like

Little Blisters. Was Dreadful. Would Break and Spread. Eased at Once and Quite Cured by Use of Cuticura Ointment and Soap. Oured Baby of Rash and Sores, Too.

"Whenever I can recommend Culicara Bomp and Ulitment, I shall be pleased to do so, as I consider them a householt tressTipė, My bands and arma were covered with tiny ensil (pots which caused me great frritation, and I had to walk my bedroom Roor some tunes all night. Then I got a little Cuticura Ointment whlet wnaed the irritation at once. My husband get me some Cuticurs Boap and more Cuticura Olniment from the chemist. and now I see nothing of the rash at all. I think the Cuticura Soap and Ointment. should be kept in every home," (Signed) Mrs. Annie Bingly, 50, Victoria Rd., Worksop, Notts, England, Apr. 17, 1010.

In later letter, Mrs. Bingly adds: "The sruption used to come at frat ke tle whita blisters, and the irritation was dreadful. Then they would break and spread, but by the use of the Cuticur Soap and Ointment I have got quite cured. I have also recom mended to a friend of mine both the Cuticurs Boap and atment for her baby. In wi covered with rash and sores from his teeth, She is delightet with them, for they have cured her baby."

The Cutlearn Remedies are the most e pnomical treatment for the skin and scalp of Enfants, children and adults, a lablet of Cutt sura Boap and à box of Cuticura Ointment being often sucent. Bold throughout t world. London depot: 27, Charterhouse, Sq. J. B. A. Potter Drug & Chem. Corp.. Wole Props., Boston. Send for free Cuticura book an Authority on treatment of skin diseases.

RELIABLE

1912.

CHRONOGRAPHS

SINGLE AND

SPLIT, SECONDα-

play legends inviting the public to partake dreaded as ever. In throwing down the old past year has tended downwards, and for we must all regret, that the wounded, and it was agreed, that the directors RACE SEASON of a man ming (civilised) hair cut and shave. idols nothing is placed in their stead, although various reasons money has been and is still surprised, though we must all regret, that our dividend must fall short of last year; and I am The way in which the people have changed it must be granted that many leaders of the cheap in the Colony. The influx of better sure you will agree that our demands on their sentiments regarding their coiffure is revolution are ardent Confucianists, but it class Chinese from the mainland bringing equilization of dividend fand should be made by Mr. E. Saker, and agreed that Mr. E. C. really wonderful. Only a little while ago not appeal very strongly to this strided on the absence of speculation and the institu- maintenance of the stability of the company and must be confessed that Confucianism does their capital with them, stagnation of trade, with moderation and with due regard to the one was only "civilised. " when he had a The opinion of missionaries is divided "tail" and the fact used to be enforced this subject, same welcoming it as a suretion of new money-lending concerns in the of a fair dividend. I think you will consider 500, by the repetition of a certain vulgar little | sign that. Christianity will soon become the Colony, have all contributed to a lower that we have worked through the year very

religion of Cathay, while others see in it

A vote of thanks was passed to the Chairman, rhyme which students of Chinese will per grounds for tear lest in breaking with the scale, and we have had our earning power faroarably under the sircumstances. We have and the meeting blosed.-N.C. Daily News. baps call to mind.

old faiths the people become hardened and thereby curtailed, The burning question of the day in Cun- dead to all spiritual matters and become chief source of income, our provident system ing any of our properties to be "starred" and What used to be our had to practise a careful economy without allow- ton is that of finance. As has been pointed possessed of such a spirit of self-sufficiency

and rabid atheism as will present

Ioans, has fallen away considerably. evert

In this we were the more able to do owing in a out in various proclamations, the whole suc- greater obstacles, to the adoption of the some years we have had as much as seven great messure to our previous policy of keeping cess of the Revolution depends on money. doctrines of the Prince of Peace than has lacs invested in this way The old bank-notes have been chopped" the idolatry of past ages.

and we our properties not only in thoroughly good While the morality of the present govern- are now down to less than thren order but in a condition really somewhat in and are in circulation, but they are eyed with a great deal of suspicion by the native bank-ent is an improvement on that of the old lacs, borrowers finding cheaper accommoda, advance of actual needs.

it is not be supposed that squeeze and its tion elsewhere. es-attendant evils has entirely disappeared. enables us to pay off half the mortgage on able to reduce our ranging expences during the This release of funds morising one lots of efficiency we have been Silver appears to During the last few days I have heard of the godown property, and we effect a saving year by some Tls. 27,000. This is an import be very scarce and this may be one reason several examples of " squeeze pigeon "that

by the bankers are chary of dealing with would have done credit to the old regime, here, although is it not commensurate with ant saving and particularly welcome at them. Recently the Provisional Government Here is one. A friend of a native medico the benefit gained on landing on the pro. › moment when for the first time in the history to me improveinent is not speedily made in

ere who have on occasion refused to change them for silver.

abated.

up

in the volume of

Thus while not

a

PANAMA CANAL.

WILL IT PAT?

The news that Herr Balin, the famous head of the German shipping combine, is on his rond

ZEISS PRISM BINOCULARS

the canal is opened should stir British ship- £9.5.0 to Panama to arrange the details of a scheme for securing German trade and shipping when owners to make some effort to ents thric returned from visiting the works sends us the £7.10.0 position. A correspondent who has lately

information *

NEW MODELS,

rentals, I the British inall services to South Amerion and along the Western coast, we may expect to find. when the canal in opened, that both the Germans and the Americans will get ahead of us and capture the lion's share of the increased truffe

preference, even from and to our own West Aire dy passengers are avoiding the English To be obtained from the boats and are taking passage either by tho German, or by the American "Fruit" line in Indian Islands,

The Americans undoubtedly mean to make the opening of the canal the opportunity for a great effort to re-establish their mercantile

WAS

of preferential rates for Amarican shipping, or pensl rates for foreigners. It comes to the same thing. The canal cannot possibly pay unless very heavy rates are charged, and

these the American shipowners will not stand if levied on their ships. The prevailing point hundred millions on the canal and that, treaty or of view was that the United States has spent a no treaty, the Americans can claim the right

we must necessarily assume considerable risk and interest on undeveloped land on the one to a return for their money.

KIDDEN. BATTERIES.

AGENTS:

£6.10.0

£6.0.0

Chas. J. Gaupp & Co.,

fuis brought very considerable pressure to is in the service of the new government vident system for which this money was of the Company we have had to record a decline bear on these bankers, even going so far as This man offered the medico a post as a to threaten with execution those who do not regimental doctor. The pay offered was previously used. The godown department at once accept the notes at their face value, fairly good, but the physician was told that finishes the year with about the same result may fairly say, however, that they might

when lie wished for further supplies of drugs as last. The first half showed a consider. have been The result of all this is that the notes are

wores and I will venture to circulating more freely, but it would not be he was to purchase what was required correct to say that the suspicion of them has to $150 and then send in the bill to the friend ble drop in carnings, but latterly an improve, claim some credit for the management in that abat of the Financial Department is one he refused the post, but it is to be feared that of merchandise that we make a speciality in rents from foreign occupied properties, so It is stated that the man at the for $200. To the man's honour, be it said, ment was shown owing to heavier arrivals the gross rentals have only fallen off by some Tis. 8,000. The decrease is due to a reduction considerable experience, as well he needs not many men would be as scrupulous gift of storing and to the enhancement of rates some important losses have fallen in and they to be if he going to reduce the present this especial cas the man who had the

of the position stood to gain $30. on every we instigated by agreement with. others in oonld not be renewed on the old terms. Our monetary chaos to anything like order.

Trade is of course affected by the unstable batch of drugs bought, which would doubt the same line of business. The new year Chinese properties show a slight increase, our condition of the money market and many less work out to a considerable sum in these has started well and if we can maintain the houses having been practically fully tenanted marine. When I was in Panama, all the talk firms have chogether closed for business troubled times. until better times come round. In the coun- Several hundreds of the newly joined sol. present pace we shall have no cause to com-throughout the year. try districts the rural population is suffering diers have received as much as two or three plain, although we are somewhat far yet Turning to the accounts. You will have of the expert trade, this months pay in advance with a view to secur- from being able to derive from this godown found full details in working account, and as our from the holding being caused by the lack of safety on the ing their y sent the whole of this monthese property what was expected. Rents from last meeting may not be fresh in your memory rivers owing to the multitudes of pirates en speedily spent the whole of this money in house property are better, and we hold only may repeat the explanation as to Interest

the brothels, and quarrels were so frequent infesting these waterways.

one or two pieces that give an inadequate account. The Tls. 73,107.14 represents the One of the worst phases of the present between the keepers of these places and the situation is the high rise in the price of neces- soldiers, and the conduct of the latter was return. For the high rate of interest we ask difference between our receipts from mortgages sary commodities such as rice, oil and wood. so violent and overbearing, that all the It was fondly expected that when the new brothels in the Eastern part of the town have state of affairs. was inaugurated these been temporarily closed. Those in the other at times, but we have been fortunate and hand, and our payments in respect of debentures articles would greatly decrease in price, parts are still as crowded as ever, and how there are only two lots of property, that have and overdraft on the other; and I remind you Fersonally, I hold the opinion strongly that whereas entirely the opposite has been the ever much the government has been changed come to us on foreclosure that we cannot that the estates having cost roughly T... there is little expectation that the sanal will case. Before the revolt a dollar would buy it is evident that the people themselves are 18 catties of good rice, now it buys 13. A very little altered. Many new regulations to-day get a covering price for, and we have 7,000,000 against a capital of Tle. 3,900,000, the PAY & commercial undertaking. If rates are raised to a remunerative figure, it will be chan dollar would also buy 140 catties of fire- concerning marriage ceremonies have something to meet depreciation here with a difference is borrowed, and while the interest on per for ships to follow the old course round the wood, now it buys 100. Oil has also gone heen inaugurated, but girls are still profit realized over sales of other foreclosed the borrowed capital goes to the debit of interest Horn. if American ships receive a heavy pre- up. Meat and especially pork has had an bought and sold to be reared for

account the returns from the developed estates ference, then, although the canal will not pay ugward tendency. All this is telling very а Gile of vice.

pieces. To fulfil the requirements of the go to rental sccount, so that the cetates show commercially any the are grand

more, there ba a big heavily on the poor and is giving rise to no schemes in the air for knocking down the Articles of Association a nominal sum of their tall cost with accrued interest while sach national advantage to be gained. tittle discontent and the spirit of disappointed old walls and constructing a wide boulevard $1,000, as last year, has been added to interest still remains invested in the properties of I am convinced, however, that, in the wind expectations is much manifested. Three round the city, but the streets of the town are

the company, being used solely for rehvilding, re of the American Government, the frst consider reasons are given for the enhanced prices: til as buy asses the buskar sus porerty all adequate for a Company like this, but work, that is to say, beyond such things as repairs, from

reserve. I am well aware this is port newing and improving our properties, permanentation is the strategical benefit to be derived (1.) the presence of so many pirates on the the thoroughfares and squalor and

the control of the canal. It is, river; (2) the selfishness of certain merchants most distressing is everywhere to be ob we must wait for more nonnal or more Daring 1911 we have drawn on fand (as of course, well known that the entrance is being who have made "corners" in various served.

you will see in the accounts), for suck staples, (3) the commandeering of large stores

Shameen is strongly guarded and fortified, comfortable sums to this fund. By consent hand we

favourable times before we can expect to add to the extent of Tl, 14,884,21 and on the ones fortified; but few people know of the strength} PINCE

of the masked batteries in the American zone to day to we propose

the intorest of food to feed the soldiers. The claims of and all along the Creek a barbed wire fence of the members of the Committee their fecs 7363.46 to the credit of the socount (improve- ) but I have been sufficient to know that the f

for behind Colos. Approach thereto is forbidden, of considerable height and great strength.

1911 on undeveloped land

amounting to Tla naturally enough, and I cannot give details: sent excess of military enthusiasm and those has been put up. These precautions have have been reduced to $3,000. On the other menta sud renewals account), which will then American control of the canal has tou in power seem to think it of far more im. given great offence to the natives and several hand the auditors, as their work seems to stand at Tis. 138.639,91. On the other side of thoroughly safeguarded from attack. The ex- portance to feed the troops than the other Chinese now refuse to put foot on the increase under the new Companies' Ordin-working account charges have come to about case given is that these armaments have been. sections of the community. Many strange Settlement at all. There is no doubt, how Articles of diet have of late made their ap

ever, that such precautions are entirely reces. ance, should perhaps receive further come. 500 more than last year. Bateries are more necessitated by recent increases in the arma- pearance, especially dog, and it is possible to sary, for there is no telling at what moment pensation, and it will be proposed to slightly owing to the increases to the staff ander agreements of Jamaica! Buy at the stalls the flesh of the "friend serious trouble may arise in the native city, alter their fee from $100 to $300.

mesta. Rental account is increased by the of man" cooked in various forms, and the Continuous tales of piracy and robberies accordance with the new regulations 1 will year. Legal expenses are increased through me. Of the old French workings it used to be

In charge for the manager's house for part of the The thoroughness of the Americans surprise purchaser can have a choice between a steak of an ancient wonk or a ragout of puppy. Liver of all classes of animals is in demand, for the liver is supposed to be the seat of courage, and most disgusting lumps of this gland are to be seen exposed for sale.

the people seem to be forgotten

the pre-

There

come down from the riverine districts, and it would appear that outside the immediate environs of "Canton the new government exercises very little more control than did the old.

Still there is great cause for hope. The people seem enthusiastic for the new state of affairs and are willing to overlook a great miany serious defects. Whatever the ultimate outcome, it is evident at the old Canton has passed away for ever. In common with the rest of China, Canton has taken steps along a road that cannot he retraced. Whe ther those steps will lead to the establish- ment of a firm and righteous government, or whether they will lead to years of anarchy and internecine strife depends much on the

Everyone is Canton appears to be a red and rabid republican, but some amount of fear is expressed regarding the stability of the present provincial government. Some of the men at the head of affairs are doubtless nien of ability; but these have not by any means a free hand. The meetings of the Deliberative Assembly often break up with out coming to decisions on important points, while a great many of those holding office appear to think of nothing but war and ac cordingly wish to subordinate everything to men who are now called upon to take direc

BALUBRIQUE PANAMA,

may

Alexandra Buildings,

Chater Road,

NEZ and

SPECTACLES

Fitted to Each

Individual's Face.

Accurately

Varied, in all Metale.

read the auditors' certificate ---

expenses on the new trust deeds. Trustees said that" an Irishman was buried under every fees are Tls. 2,500, there being now five trust sleeper of the railway. Such an awful nama "We report that we have audited the deeds with two Trustees for cash deed. Other did Fensms got for unhealthiness that no white above balance sheet with the books and expenses remain practically as before. Profit man sare a destiinte frishman would take the Our Stock is Complete, Assortment vouchers of the Company and that in our and loss account shows the Tis, 50,000 drawn risk of working there. It is new ap

healthy as Yellow fever and opinion such balance sheet is properly from equalization of dividend fund sanctioned any place in the world. drawn up so as to exhibit a

true and at the last meeting and the substantial eum malaria have been killed, with the mosquitoes which carried them. Clabs, hotels, houses, sil correct view of the state of the Company's of Tle, 30,462 derived from premiums on affairs at the 31st December, 1911, acord. the issue of our debentures. On the other places in which men congregate, are built like a ing to the best of our information, and side is the transfer to improvement and mest safe to keep ont the mosquito; but the the explanations given us, and as shown renewals account of Tis. 75,153 66 and an item broad asphalted roads, the briliant fower by the books of the Company. We have debentures. Reserve fund remains unaltered,

of Tls. 2,896.21 for brokerage on sale of a church, shop, pay-office, everywhero, so that the frequent signposta, pointing you obtained all the information and explana- while reserve fund for equalization of dividende if you suddenly landed from a balloon you coul tions we have required."

is debited with the Tls. 50.000 alluded to already not possible miss your way, all go to show that and now stands at Tls, 250,000 to be further the Americans believe that on the fathrius they drawn upon to the extent of T's. 50,000 if you have s coutinaing city. sanction the proposal in the report to use the The Americans are exercising all the rights sovereignity in the zone, and in rather a sssistance of another loan year, The balance

A. O'D. GOURDIN

W. HUTTON Ports

Auditors. Before moving the adoption of the report

to

the needs and wishes of army, Jealousies tion of affairs, Is it not the wish of all and accounts I shall be glad to reply to any land as was the intention when formed for the attic way. And they mean to continue to

appear to be rife and there are not wanting that these men may be imbued with the signs that the Canton Government is before spirit of wisdom that in the end this great long likely to be a "house divided against country may attain, an honoured place in the itself " The position b-se difficult that no-brotherhood of nations? one seems desirous of taking up the post of

questions that may be put.

There being no questions,

A. G. B.

The CHAINAN moved the adoption" report.

the

sheet shows the cost of all the properties of the do so. Personally, seeing the pains they have company up to date, and the differences in been put to and the money they have spent, I capital costs of the various estates as compared not bring myself to blame them Pall Mall with last year are dealt with in the report sc Gu-elle.

Lenses Ground on the Premisos.

LARK & CO SCIENTIFIC OPTICIANS YORK BLOGS, CHATER RO

CLARK

HONGKONG

75