1913-02-28 — Page 3

HONGKONG JOCKEY CLUB, ANNUAL BACE MEETING.

THIED DAY.

THE HONGKONG DAILY PRESS FRIDAY, PEBRUARY 28TH, 1913.

A good start. Passing the stand the leaders were Donald Dhu, Larkspur and Puckrow. The field bunched, all hard held, and at the mile and three-quarter post Quickstep assumed the lead from Notwithstanding the dull weather yes. Donald Dhú, Greylag being third. Lark terday there was a good attendance atspur led into the home straight and von the Race Course, and the programme was carried out without a hitch. The course had improved somewhat from the previous day, and the running was quite good, though nothing approaching record timen were made. A light reinell during the day, but fortunately it did not hold and the meeting was concluded is fairly com- fortable circumstances.

Mr. Ellis Kadoorie found triumph Yesterday he won follow triumph.

Stakes with Fijian the Champion Chief, the Derby winner, and the Mr. most popular. victory proved Kadooric has received many congratula tions from the const ports on his win of Wednesday. The Ladies' Purse proved vory attractive. At the close of the race Miss May presented the trophy to Mr. Johnstone, who made a suitable response, presented Miss May with a handsome bouquet, and called for cheers which were heartily given.

As showing how "straight" the jockeys run, it may be mentioned that Mr. John; stone drow Head or Tail in the "sweep," but novertheless rodo Pershore to victory is the second race of the day.

The results of the events are ap. ponded:

in a canter,

Time: gmin. 20sces.

Pari-mutuel.

Winner: $10.30

34

Cash Sweeps.

Ticket No.

6.00 -7.00 65.30

1,62, $1,260.45 2,245,

3, 200,

302.70 181.35

THE LADIES PURSz.-Presected $350. added. Second to receive $200. Third $100. For China Ponics Weight for Winners at thig inches as per acolo. meeting other than subscription grifins 516. extra Jockeys who have had 3 or more winning mounts in Hongkong, Shanghai or Tientsin 31b. extra. Jockeys who have never had a winning mount in Hongkong, Shanghai or Tientsin allowed 4h. Entrance 810 Once round.

Mr. John Peel's Mayfair, "11st 71bs,

Mr.

3lbs penalty... (Mr. Johnstone) 1 Ellis Kadoorio's Durbar Chief, (Mr. Dalgarno) 10st 12lbs, alba penalty

(Mr. Brand) 3 penalty.... Paul's Rice Bird, 10st 12hs; 3lbs Man Kwok's Carabao, 10st 11lbs, dibs allowance (Mr. Stewart) Mr. Gilpin's Sir Acalon, 11st 1b, 3lbs

penalty-........ (Mr. Knoll) "d Mr. Norman's Revenue, lost 12lbs

Sir

Mr.

(Mr. H. Seth)

0

Joy led at the start, with Revenue second, Passing the stand the order was Joy, Favonius and Carabao, Jamboliai being lust, Rosyth got into front place at the football stand, but Joy led all the way to the home straight, when Miss in

beaten by Florent Baulk came through in fine style, but was

Times min. 50eecs.

Pari-mutuel.

Winner: $92.60 1. -23.00 ∙18.80 11.80

Chah Sweeps. Ticket No.

1, 090, $2,208.15 030.90 2, 201

215.45 3, 413, THE GOVERNOR'S CUP-Presented by His Excellency Sir F. H. May Second to. receive $950. Third 8125 For Chita Ponies, subscription griffins of this Season 1912-1913 Weight for inches as per scale Winners of one race Tib.; of two or more races 10lb, extra Jockeys who have nover dad a winning mount in Hongkong Shanghai or Tientsin allow.

ed 5lb. Entrance $10. One mile. Mr, Soares Violini, 11st Blbs, 7lbs

10st Bibs

20

0

This was an easy win for Cleric, who not only started first but kept the lead all the way, romping home with about

Time: 2min. 10 2-5sepn. eight lengths to spare.

Pari-matuel. Cash Sweeps.

1,

Ticket No.

Winner $11.10

6.70 1,315 $2,359.35 7.30 2,403 674.10 15.20 3 400357.05 THE NIL DESPERANDUM STAKES. A Sweep stakes of $10 each with $200 added, Winner to receive 70 per cent.; Second 20 per cent; Third 10 per cent. For China Ponies, subscription griffins of this senson 1012-1913 that have run and not won at this meeting Weight for inches as per scale Jockeys who Juve never had a winning mount in Hong- kong, Shanghai or Tientsin allowed 316. Five furlongs.

Mr. Billiards Pyramids, 10st 12lbs

(Mr. Vida)

Mr. Trio's Gold, 10st 12lbs

(Mr. Knoll) Sir Henry May's Greylag, 10st 12lbs

(Mr. Brand) Mr. Friesland'a Flirt, 10st 19lbs

(Mr. Moller) (Mr H. Seth)

Mr, Trio's Silver, 10st 12ths

THE SEXTUPLE IMPASSE.

OUINEAH AZRAIGNMENT OF POWERS,

INTIMATIONS

The Sextuple Ministers held another BRANDY IS

meeting on the 19th inst., but no agree- ment was reached. It appears the French Minister brought forward u Russian suggestion for the appointment of a commission consisting of six advisers, cach to represent one of the Six Powers, but the question of alloting the three, original posts and of finding employment for three additional advisers up to the

has apparently,

surpassed present diplomatic resources.

The Peking Daily News fears that the schema brought forward by the Freuch Minister is intended to merge into a Debt Commission to which China would never agree.

It is understood that the Minister for Finance is submitting a Memorial review- ing the negotiations which have taken 1 place between China and the Sextuple

began to Group ending that a Boal break should be made with that Group.

3

Chinese fail to understand the uncom

3 promising attitude of the French Minister, which now they believe, in the

matter of obstruction of the Lann, to

surpass Russian policy. The Chineso

HEALTHFUL

The Rich Boquet Starts the

contend that while the Bextuplo Fewors Gastric Juices Working and the

themselves, they continue to prevent their warm effects starts peristalsis and Independent nationals from entering into

o

are unable to reach any agreement among

0

loan agreements with China and also ald

hinder the Sextuple Bankers, either.

GEO.

TRY 'digestion.

separatively or collectively, from ccept SAYER'S BRANDIES.

in terms which they. (the Bankers) con- sider satisfactory,

is a lowering of Chinese credit abroad and an indefinite prolongation of finan

Mr. Christiani's Dreizehu, 10st 10lbs, Bibs allowance (Mr. Stewart) Messia, Raymond and Logan's Tom-

pest, 10st 7lbs, 5lbs allowance

(Mr. Bishop) 0 Messrs Raymond and Logan's Edge

hill, 10st 13lbs. (Mr. Gegg) 0

Chinese argue that the result of the Mr. Daleini's Second Thoughts, list

(Mr. Johnstone)policy pursed by the Bextuplo Powers Mr. Ellis Kadoorie's Indore Chief, 10at 12lbs (Mr. Dalgarno) Sir W. Rees Davies' Taffy, 10st 101ha

Mr. Lewis) 6lbs allowance Mr. Trinity's Muley Hand, 10st 12lbs

(Mr. MoMichael) Mr. Mum's Ambition, 10st 7lbs, Elbs allowance (Mr. Hastings) Mr. R. D. Harvey's Fowlattan, 10st

1lb. 8lbs allowance

(Mr. Greason) Anbition, which had run off, was left

o

0.

penalty (Mr. Dalgarno) 1 Sir Paul's Primrose, 10st 19lbs

(Mr. Burkill) 2 Mr. Billiards Pyramide, 10st 12lbs

(Mr. Moller) 3 Mr. John Peel's Ben Trovato, 116t 5lbs,

7lbs penalty (Mr. Johnstone) 0 Mr. Man Kwok's Donald Dhu, 11st 3lbs, 5lbs allowance and 70s penalty (Mr. Stewart), 0 Mr. T. F. Hough's Cadzow's Redoubt,

(Mr. Gegg) 0 Mr. Stabb's Singular, 10st 10lbs, bibs

allowance

(Mr. Gresson) 0 Mr. Kadoorie's Basuto Chief, 1st Alba (Mr. Brand) Mr. H. P. White's Lachine, 10st 12lbst

(Mr. McMichael) 0 Mr. Kadoorie's Bakhtiari Chief, 11st 11b (Mr. McMichael) Rice Bird, Lachine, and Sir Acalon

(Mr. Knoll) e THE GRAND STAND STAKES.-Winner 2500. started in the order named, but round Mr. Gilpin's Puckrow, 11st lib

Second $150. Third $75. For China

(Mr. H. Seth) Ponics, Lond fide grillins on date of the bend Revenue shot ahead, Lachine Mr. Apcar's Quickstep, 10st glbs

rato 5lb. of being second, and Sir Acalon still third,

(Mr. Vida) 0 entry. Winners of one two or more races 101b. extra. Sub-Revenue had increased his lead by two Mr. S. H. Michal's Burglar, 11st 11b

Entrance lengths at the football stand, but at the

The lag dropped to a good start, scription griffins allowed blb.

grand stand Revenus had dropped into Violini being first away, but displaced by $10. Three-quarters of a mile.. Mr. Ellis Kadoorie's Borneo Chiol,

third place, the Chief lying behind him. Burglar. At the golf club, Donald Dhuat the post, Puckrow settled down in 11at 6lbs, 5lbs. penalty

was in the van, followed by Baguto Chief, front, and led the greater part of the the village Greylag Nearing WEL Sir Acalun overtook Lachine at the bend,: and Revenue lost his lead slightly. The Going up the hill the field closed on the Chief drew level with the third pony, and lenders, and at the village bend Bakhshowed up well, as also Pyramids, and a then Mayfair was seen to come out with tiaria Chief took command, with Ben fine finish was witnessed, not half a head

Time: Imin, 252-55еce. i swing on the outside. Chief led into Trovato second and Primrose third separating Pyramids, Gold and Greylag.

Pari-mutuel. the straight, hotly pursued by Mayfair. Primrose, hard whipped, took the outside fe race ensued between Mayfair and course, and in the home straight raced

Winner: $20.00

8.10 Rice Bird, but the former won by a into third place, immediately challenging

0.60 length, and Durbar Chief snatched the the leaders.

Time: 2min. 00secs." second position from Rice Bird.

Pari-mutuel. Winner: $13.40

2

(Mr. Johnstone) Mr. Gilpin's Sir Beaumaris, 11st 3lbs, 5lbs penalty (Mr. Knoll) Sir Paul's Sweet Pes, 1st Ilba (Mr. Burkill) 3 Mr. Soares Jambolini, 11st Olbs, 5lbs

1

penalty (Mr. Dalgarno) A very bad start Sir Beaumaris had five lengths advantage from Borneo Chief, Jumbolini being badly left. The same order was maintained uphill, the Chief closing a little on the leader: The field straggled past the village, but in the home straight Borneo Chief challenged and after an exciting race gained the verdict by half a head. Jambolini finished last

Time: tmin. 344-5secs.

Pari-mutuel

Winner: $21:10

.7.40 6.70

Cash Sweeps,

Ticket No.

1, 82, 8351.40

2,

2, 14, 158.40 141, 70.20. THE GREAT SOUTHERN STAKES.-Winner $600. Second $150. Third $75. For China Ponies. Weight for inches as per scale

Winners at this meeting of one TEOG 71b.; of two or more races 10lb. cxtra. Griffing allowed lbs; subscrip tion grilling of any season non-winners allowed 10lb. Entrance 310. One mile and a quarter.

Mr. John's Peel's Porshore, 10st 12lbs

(Mr. Johnstone) I Capt, Hope's Head or Tail, 10st 12ths (Mr. Vidn) Mr. Brutton's Jose Mighty, Net 11b

1 5.50

Chth Sweeps: Ticket No.

G 6.90 6.20

2208

81,408,15 402,00 379,201.15 THE AMERICAN Cur.-Presented. býr Afferi- can citizens resident in Hongkong Second to receive $150 Third $75. For China Ponies boad file griffins on date of entry. Weight for inches as per scale. Winners of one race 5lb.; of two races 7lb. of three or more races 10lb. extra. Subscription griffins of this season 1912-1013 allowed 71b. Jockeys who have never had a winning mount in Hongkong, Shanghai or Tiontsin allowed 51b; Entrance 810. Seven furlongs,

He overtook the Chief, but found Ben Trovate disputing. Violini, however, cama through with dash and won a fine race by half a length from Primrose, Pyramids making a good third.

Time: 2m 14 1-56ecs.

Pari-mutuel.

Winner: $19.40

-6:90- 8.90

6.50

Cash Sweeps.

Ticket No.

82,086.30 596,80 207.00

1,483,

2,589, 3,, 208

Cash Sweeps. Ticket No.

1257 32,016 670 288

3,519.00

LIST OF WINNERS.

OWNER

Mr. Ellis Kadoorie

Sir Eaul Chater

Mr. John Peel

Mr. Soares

Capt. Hope

Mr. John Gilpin Mr. Cirong

Mr. Man Kwok,

Billiards

Mr. D'Oettengen Father O'Flynn Mr. Wayfoong

THE CHAMPION STAKES.-Winner $2,000 Second $500. Third 50. For China Ponies, winners at this meeting only Weight for inches as per scale. One mile and a quarter. H.E. Sir Henry May Mr. Radourie's Fijian Chief, 10st 19lbs

(Mr. Johnstone) 1 Capt. Hope's Capolio, 10st 12lbs

Mr. Brutton Mr. Triä Mr. Norman Mr. Apear Mr. White Mr. Trinity

SOLE AGENTS:

H. RUTTONJEE & SON,

cial difficulties, which would be easily overcome if the Sextuple Powers avowed their inability to come to an agreement and erased to offer active opposition to independent financiers. They suggest that the Fowers should make such an avowal, coupled, if necessary, with a etatement that the said Powers do not consider the conditions existing in China warrant their nationals lending money to

diplomatic assistance regarding such China and that if their nationals do so they must not look to the Powers for loans. The Chinese are of opinion that it would only be fair to relieve China of the powerful embargo of the Sextuple Group which rendered the Crisp Loan a should be allowed the right possessed by FOR THE RACES. partial failure. They consider China

other Nations, wben in financial straits, to contract loans from financiers who are prepared to lend and that the Sextuplo Loan having failed the field should now be thrown open and China should be given an opportunity to contract loans, If such are available without Sextuple support.

The Chinese, themselves, believe that. such investmente involve no real risks, for 38 2ND 3ab the resources of China are so great and her recuperative powera so remarkable, that she can easily regain her financial. stability within the course of a few years. They argue that the delay is only further it 1s

༡

2

22

Wine and Spirit Merchante.

embarrassing Ching financially, as ZEISS

stilling foreign and Chinese commerce at a time when trade prospects are good,

Some diplomats incline to these views,

131

PRISM.

BINOCULARS

AT HOME PRICES:

but the majority of the Sextuple Minis tera still believe that an arrangement is passible despite the attitude of the French Ministor. The questions requiring settle ment appear to be (a) whether China is 18 Power. able to allow matters to drag en inde

12 finitely and (b) whether Chins will accept if the Sextuple Ministers reach an agree- mont amongst themselves.

(new model).

€10.10.0 £10.10.0

12

£9.5.0

£8.10.0

“TRÁDE DEVELOPMENTS IN THE 6,

(large field).....

£7.10.0

JOCKEY

167 2ND 3D

FAR EAST.**

£6.0.0

11

A

6

(small model)

£5.18.0

£5.8.0

Mr. Johnstone. Mr. Burkill

Mr. Vida

0

Mr. Knoll

Mr. Dalgarno

Mr. Brand

Mr. Moller

PONY

Sunlight

(Mr. Moller) 2 Mr. Gilpin's Sir Bedevere, 11st b

Mr. John Peel's Perpetual Motion, (Mr. Knolly 1

11st 4lbs (Mr. Dalgarno) Mr. Soares Tambolini, at 6lbs, Bibs

Sir Paul's Sandringham, 11st 1lb

(Mr. Burkill) 0 (Mr. Dalgarno) 2 penalty

Sir Paul's White Hawthorn, 11st 1lb.

(Mr Brand) 0 Mr. Cire's Sunlight, 1st 8lbs, 71be

(Mr. Moller) 3 penalty

Mr. Gilpin's Sie Beaumaris, 10st 12lbs. (Mr. Knoll (Mr. Gegg) 3

Mr. Coolace's Alvand, 10st 7lbs, 5lbs

allowance (Mr. Asger) 0

Mr. V. d'Oetzingen's Floreal, 11st 7lbs (Mr. McMichael) Father O'Flynn's Rosyth, 116t Blbs,

7lbs penalty (Mr. Gresson) Bir Paul's Sweet William, 11st 1lb

(Mr. Burkill) 0.

This event was brought off by Fijian Mr. Moliennél Mr. Gilpin's Sir Bedivere, 10st 10lbs

(Mr. Knoll) Mr. Ellis Kadoorie's Mahratta Chief,

11st 316s, 5lbs penalty

Chief, who thus secured the honours of Mr. Hiekman (Mr. Vida) 0

Mr. Gogg Sir Bedivere was first away followed

the meeting. The seven starters got wall Mr. Lowes by Joss Mighty and Rogyth, the last-

(Mr. Johnstone) o away, Sir Beaumaris taking the lead. Mr. H. Seth named afterwards falling into last Mr. John Peel's Screel. Ist 12lbs

Passing the stand Knoll's mount was still place. The game order was observed Mr. Brutton's Somerton, 11st. 1lb

(Mr. McMichael) 0

in front, White Hawthorn being adcond passing the stand, all the ponies being

Sunlight and Jambolini took the lead, and waking the running for his stable Fijian Chief hard beld. Head or Tail secured third place in the back stretch, and Rosyth, but Sir Bedivore went ahead and settled companion. Brand shot ahead at the Violini forcing the pace took command at the in front of Jambolini, Sunlight being Bowrington Gate, Sir Beaumaris, Sand- | Larkspur Bir Bedivere kept his position bottom of the hill, Bir Bedivere coming third. second, and Pershore third. Passing the until the home straight was reached, when ringham, Fijian Chief, Capello and rock Rosyth was still in front of Sir Sunlight coming up on the outside ohal. Floreal following in the order named Bedivere, and coming down ill Hend or lenged, and Jamboliai also made a tash White Hawthorn showed the way uphill, Knoll's mount, however, reached and no change took place till the village

Donald Dhu Tail and Pershore raced neck and eck for it.

Pyramids for third position. Head or Tail came the post with two lengths to spare from bend had been passed, and then Perpetual Jambolin

place and successfully challenged the leader. The Chief meanwhile had forged Perpetual Motion out strongly on the outside course, and Jarbolini, half a length separating the Motion passed from fourth to second Mahratta Chief a fine race between Sir Bodivero, Head or latter from Sunlight.

into second place, and entered the straightCracker

Sandringham Tail and Rosyth followed, but Porshare,

first, Capello and Perpetual Motion in White Hawthorn ridden hard, forced bie way through und

close attendance. Johnstone, however, had Mayfair won by four lengths from Head or Tail, Joss Mighty being third.

Sir Bedevore matters all his own way and won easily. Ben Trovato

Rosyth Time: min. 50secs.

Time: 2min 44 1-3sees. Pari-mutuel

Greylag Pari mutuel.

Head or Tail- Ben Wyvis II Miss-In-Baulk Durlar Chief Primrose

Winner: 813.40

6.40 5.00

Cash Sweeps.

Ticket No.

$910.35 "... 1, 254,

2. 10,980.10 144.50 14.. THE HONGKONG STAKES-Winner $750, Second $250. Third $125. For China Ponion, subscription griffins of this season 1912-1913. Weight for inches as per acale. Winners of the German Cup 71b. extra; non vieners allowed 3lb. Jockeys who have never had a winning mount in Hongkong, Shanghai or Tientsin allowed 5lb. Entrance $10. Ono mile and a half. Sir Paul's Larkspur, 11st ilb

Time 1min. 542-5cs.

Pari-mutuel

Winner: $100.20

1,

Cash Sweeps, Ticket No.

20.40

1, 505,-$2,425.50

0.00

2, 448,

6.30

603.00 346.00

3, 419, THE PHAETHON STAKES.-Handicap. Win- Second $150. Third 37. ner $500. For China Ponies that havo run at any Gymkhana meeting and griffins un date of entry. Non-starters barred. En- trance $10. One mile and a quarter. Mr. V d'Oettingen's Floreal, 11st 7lbs Mr. Billiards' Miss in Baulk, list

Mr.

(Mr Knoll)

(Mr. Moller) 2

Mr. Brutton's Sevington, 10st 12lbs.

clbs over (Mr. Burkill) 3 Sir Henry May's Brune, 10st elbs

(Mr. Brand) o! (Mr. Burkill) 1 Capt. Dickinson's Favonius, 10st 11lbs,

2lbs overweight (Mr. Johnstone) o Sir Henry May's Greylag, 10st 9lbs,

3lbs allowance (Mr. Brand) 2 Mr. Soares Diaboliui, 10st 13lbs, 1lb

overweight. (Mr. Dalgarno) o Mr. Apcar's Quickstep, 10st 6lhs, 3lbs (Mr. H. Seth)

Ching's Lot's of Time, 10st 3lbs.. allowane

8lbs overweight. (Mr. H. Both) 0 Mr. G. Friesland's Lump, list 12lbs

(Mr. Moller)0 Mr. Maa Kwok's Carabao, 10st albs,

9lbs overweight (Mr. Stewart) 0 Mr. Man Kwok's Donaid Dhu, 11st b

(Mr. Vida), 0 Mr. Norman's Revenue, 11st 2lbs

(Mr. Vida) 0 Mr. Brutton's Silverton, 10st 8lbs, gibs

Father O'Flynn's Rosyth, 11st lbs

(Mr. Hastings) 0 allowance and 1lb overweight.

(Owner) 0

Mr. H. P. White's Defford, 10st 7lbs

(Mr. McMichael) o Mr. Gilpin's Puckrow, 10st 12lbs, albs

...... (Mr. Knoll) 0 allowance....s

Mr. Blank's Joy, ist dibs

(Mr. Gresson) 0 Mr. Wayfoong's Cracker,

(Mr. McMichael) 0

Winners: $6.70

Cash Sweeps.

Ticket No.

5.50

1, 1028 $9.800.00

7:80

2,847 2,800,00

3, 810 1,400.00

10:10

Tickets 1,911, 353, 294 and 815 paid $100

Florcal Borneo Chief

Cleric L'ershoro Capello Sir Beaumaris

Sevington

Gold Indore Chief cách. THE CONSOLATION STAKES A sweep Sweet William- stakes of $10 each with 8200 added Royal Rose

For China Revenue Second $150. Third 875, Ponies that have run and not won at Rice Bird this meeting Weight for inches as per Sweet Pea scale. Jockeys who have never had a Sir Acalon- winning mount in Hongkong, Shanghai Diabolini

Quick Step or Tientsin allowed 5lb. One mile.

Joss Mighty Capt. Hope's Cloric, 10st 12lb

Mulay Hafid (Mr. Vida) 1

Puckrow Deford Mr. John Peel's Ben Wyvis II, 1180 11b

(Mr. Johnstone) 2 Mr. Gilpiu's Sir Acalon, 10st:12lbs

(Mr. Knoll) 3 Mr. Bruston's Jose Mighty, 11st 11

(Mr. Gogg) 0 Sir Paul's The Rice Bird, 10st 11lbs, 2lbs overweight.(Mr. Burkill) Mr. F. R. Vida's Barford, 10st 10lbs,

3its overweight (Mr. Moller) o Mr. Blank's Joy, 10st 12lbs

(Mr. Brand) a

21. A meeting was held on January 7th at the Cliamber's offices, Mr. F. Faithfull Begg presiding, and was attended by re presentatives of leading, firms interested directly or indirectly in Far Eastern trado. It was resolved to constitute a Far Eastern Section of the Chamber comprising members trading with Chine, States, Japan, and the Federated Malay Mr. Henry Keswick, M.P., being ap Section 1pointed Chairman of the

Several matters of interest were dis 1ET 2ND ST eussed, including British Consular Ser

steamship

vice in China; foreign

1 subsidies in the Eastern trade; the Chi nese opium question; universities in Ching new conditions in cotton con- tracts: shipments of Japan hemp and tagal braid

and from Yokohama; standard samples of Chinese products ex- parted from Hongkong for determination by arbitration in the case of disputes.

*Trade A Dinner and Discussion on Developments in the Far East

be held at the Trocadero Restaurant, Piccadilly Circus, W., on Tuesday, Feb- Tuary 25th.

Various circumstances, says a London' contemporary, have combined to make a discussion of trade developments in the Far East a matter of special interest at The new regime in the present time. China will undoubtedly have a far-reach ing effect on business relations between this country and the East; while the ex- tension of industrial and commercial en- terprise in Japan and the increased Cun toms Tariff involve economic changes of Many other the highest importance. problems have also arisen, most of which will in due course, come before the re- cently formed Far Eastern Section of the Chamber,

THE SILVER MARKET.

8 We subjoin extracte taken from Messrs. 2 Samuel, Montagu, & Co.'s circular, dated

February eth

It was reported in the Chinese Press that owing to the repeated failure of the big loan at Peking the various provincial authorities had sent deputations to make loans from foreign firms in Shanghai, Representatives of the Hunan Railway Corporation are there to contract a loan of 10,000,000 taels for the construction of Chen Chow-Chang-teh line.

The movement of [silver] prices during the earlier part of the week was upward

Doubtless the fact that the main details of the £20,000,000 Ican had been agreed between the Six Power Group and the Chi- nese Government had much to do with the improvement, but the influence was more a matter of sentiment than reality. The

China the better prices owed their existence to orders from speculative quarters, rather than purchases on behalf of

banks.

The stock in Bombay is £1,680,000, com- pared with £1,710,000 last week, and the offtake has risen ten bars, to 110 bara a day.

Shanghai reports a stock of £4,360,000, compared with 24,275,000 last week.

To be Obtained from

Chs. J. Gaup

OUR

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ALEXANDRA BUILDINGS,

CHATER ROAD.

STUDY

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49