1913-05-10 — Page 3

SUPREME COURT.

Friday, 9th May.

IN SUMMARY JURISDICTION.

Brror MR. J. H. Kemp (ACTING POZANE JUDGE).

AHARE THANIACTIONS,

The action in which H. M. Basto claimed from Hedley G. White the sum of 2830.01, being moneya paid by the plain- tiff for and on Eehalf of the defendant

Mr. d'Almada asked a date to be fixed for the bearing.

SHIPPING NOTES.

THE HONGKONG DAILY PRESS, SATURDAY, MAY 10rn, 1913.

A fire broke out at Bombay in the holdi of the P. & D. Banca, which was due to sil for Japan on April 19. The steamer was ju the dock, and much damage was caused by the water poured by the Fire brigade on the cargo of cotton, twist, The hold where the fire onions, ele.

carred had to be cleared, and the depar Ture of the steamer was delayed. j

been transferred from the American The NY.K. steamer Inaba-mars

to the Australian servien

Mr. Hind said the case would take a The Kanagawa-maru has been day. It was a question of sharo transno-ferred to the Calcutta line. tions and would occupy some time,

A date could not be fixed and the case was again put on the list.

ADJOURNED.

Chung Cho Pan and another were the defendants in two netions, one at the instance of Melchers & Co. For $902 and

Final returns amounting to $18,000 in connection with the salvage of the P. &

HONGKONG SHARE

MARKET.

Messrs. Vernon & weekly share repur etate:****

Smyth in their dated 8th May

Consols

been sold in small lots at 8800, and the BANKS Hongkong and Shanghais have market closes steady. London has do- clined to £81.

MARINE INSURANCES.--Unions til eon-

THE CHINA LOAN,

FULL STATMENT BY THE MINISTER OF FINANCE,

Time of redemption, 47 years. Repayment of Principal, from the 11th

year.

Security, Revenue of the Sult Gabelle. Uses of the Proceeds: More than half for the repayment of debts; whilst the administration expenses of the Cen- -tral Government, the disbandment of troops of various provinces, and the ro-organisation of the Salt Gabelle," ropresent a smaller portioa! All the uses to which the Loan will be applied are stated, in the appendices of the Loan Agreement.

261:

Following is a full translation of the 4 lengthy telegear becently dispatched by the Minister of Finance to the Vice- The local market has ruled firm President of the Republic (General Li generally during the past week, and in Yuna-hang of Wetang), to all the several stocks a decided improved tate Administrators and to the Provincial Governors of Provinces, to the Chief has taken place, and a fair amount of Assemblies: business put through. The London The Sextuple Loan had been under

When the negotiations had made fair market closes firmer for "Rubber," but negotiation sines the Spring of last year, at his request was mentioned. Mr. Leo.

lineOils have improved, duo no doubt to the conditions imposed were extremely intervention of other Foreign Ministers, has the tone of the Tin share market is quict. and I am sure you know very well that progress & ceriam coaates Milt intended to raise obstacles. But for the proper d'Almada appeared for the plaintiff

the political situation in Eurone being hard. In the sth month, when I, Hanch and Mr. Hind, from the offen.of Mr. G.

The Sanuki-maru replaces the Inaba-subber closes at 3/7 per lb., and Fine negotiations were suddenly suspended; It we were not to be the problem more favourable, Fine Hard Para hai, took over charge of the Ministry, the negotiations would again have been affected. Circumstances are very change. K. Hall · Bratton, represented the marn on the Pacific run

Plantation Sheets at 3/26 per lb., steady. but considering the general situation by taking this opportunity, we would not defendant.

The Penang-maru, recently built in The open market rate of discount has broad and the circumstances of our England, is put on the Bombay ran England ras remains unchanged at 4question, and as it was deemed wrong to

declined to 3 per cent., and the Bank of a country, this was not a mere financial only use this opportunity now, but wo are also affaid that other demands would place of the Sanuki-maru.

per cont. Bar Silver closca quiet but give up the matter, negotiations with the be inade in future, Therefore, on the trans-steady at 27-11/16 ready, 37-15/16d, for-Bankers were resumed. In the meanwale 2nd April, Premier Ciro, Minister La of ward, and Sterling TT. at 2-1/10. The the question was reconsideret at a Cabinet Foreign Affairs and myself received the TT rate on Shanghai is quoted at meeting, which decided on five reagere ident's order to sign the Leas. The 723 and on Singapore at BB. have improved to 75.

principles governing the Town. On the rait Agreement was signed on The 24th 16th and 17th days of the 9th month of of April and the netual agreement on the the National Council for a consultation for over one year and have attracted the fast year the Chinet Ministers attended

The Lona negotiations have proceeded on the question, and the proposal was fortunately, approved.

****j attention of the world, and it is fortunate On the lines of the five principles above that this Lean is at last concluded. referred to negotiations have been carried laugh the employment of foreigners by at various times, many obstacles beings in the Salt Gabelle and Audit Lepart- of the negotiations. At one time the Chinese officials, is a condition which is raised causing the occasional interruptionments, etc., to work in co-operation with interruption came on account of the precedented in previous Loan Agree- Mongolian probiera, and then the French meuta, yet such terms were passed and negotiations, the agreement for the loan September last year. Moreover, the inter- was drawn up. I was then decided that Powers was first implied in the Currency ference with our finate: by Foreign on the 7th of the 12th month I would attend the National Council with the Reform Loan of the late Ching Dynasty. Premier to report on the contents of the Now that the credit of the country has whole document, the summary of which beau re-established, since the over- would be printed and circulated for

throw of the Manchu Government, to investigation; and that the special items should dust be passed article is article and then the whole document be passed. When it was passed and ready for signa- ture, the Sextuple Group then suddenly, under the pretext of the tightness of the European money market on account of the Balkan War, demanded that the originally stipulated 5 per cent. middle, Heawoods with sellers at d/5, Considering the length of the period and MINING-Tronchs are quoted at 80-interest should be increased to 51 per cent. and Pahang Consolidateds at 9. middle, the large amount of the loan, per cent. Malayan Tins have slightly improved, would entail great losses, and hence it being quoted at 75 middle, Chinese was absolutely refused, as such a policy of Engineerings having a middle quotation quenching the thirst by taking poisonous

the other at the instance of Kruse & Co. for 8804.63. Both were adjourned.

CLAIMS AGAINST AN EMPLOYEE,

Cantons

0. Oceana were made on April 18th, to the underwriters. The general average statement shows that the salyugo charges on insured value of gold and silver, which amounted to £771,008, was £35,265. Durine ait but stendy at $795. Yangtze ing the salvage operations silver rose and Chinas are steady at Tis. 135.

have been inquired for at 100, and North the underwriters thus actually secured have improved to $325, and at this figure more than the price at which they are now steady.

FERE INSURANCES-Hpkongs are & shipped. The Times reviewing the salvage

8350. Chinas have sellers at $148, same price na last week,

SHIPPING. Hongkong. Canton, and Macnes are now inquired for at 8273, but no sheirus are offered at this figure, Indo-Chinas still remain at 805, and China and Man las have improved to Douglases have sellers at

His Lordship delivered his reserved judgment in the action brought by the Sang Chot frro against Ng Yuk Chi.operations says they reflect great credit quiet market, shares being on offer a Minister mediated. After a few months agreed to by the National Council, in The plaintiffs claimed from the defendant on all concerned. the sum of $138.09, of which 88172 was overdrawn by the defendant as the plaintiffs' employee from the plaintiffs during Yam Taz year (between 15th February, 1912, and the 5th February, 1913); 328 is money lost by plaintifs to defendant; 827.37 is money had and received by the defendant on behalf of the plaintiffs; and the balance of $3 is money paid by the plaintiffs on behalf of the

defendant ut his request.

Mr. Crowther Sunith represented the plaintiffs, and Mr. L. R. Needham (of Mesare. Ewens & Needham) appeared for the defendant.

at $52.

It may be of interest to know that on April 14. Messra- Burns, Philp, & Co., 1ta. Sydney, received a wireless message from the Mentore, rid Perth (W.A)887 buyers. sating that she had left Joana the pre- vious night direct for Barwin. As the distance from the Montern to Perth (where the niassage was received) would fully 1,500 miles, and the intervening land of Java would be detrimental to long distance messiger, this message of the Mantore is considered by the Marco Company to be a record for that locality

and Star Ferries close with buyers Orts--Shells have improved to a middle quotation of 117/- and Ural Caspians are quoted at 40/6 middle, Mexican Eagles also being quoted at 38/5 middle price.

REFINERIES-China Sugars close with buyers at $105, and Luzons with sellers at 837.

of 22/0.

drink should never be adopted if he helped. · ·

can

His Lordship thought the defendant The new CPR. steamer Empress of had failed to establish the agreement to Russin arrived here yesterday afternoon. pay commission; the probabilities of the entering the harbour by the Lyen Pass ense were against it. He thought, how-") and dropping anchor off Wanchai. Much ever, that he had established the agree-interest was manifested in the vessel, and ment to pay him at least his wages from comment was made that she has not the the middle of the 8th moon, so that on the | graceful lines of the "Swans of the bought for cash up to $86, now closing stal amount of last year left unpaid was! Although we canôt Gintell. what the

first, claim there would be judgment for Pacific." However, she represents the the plaintiffs in the sum of $70.32.

inost modern ideas on the subject of ocean travel, and the public are looking forward to making a closer inspection of her than is possible at present.. A large proportion of the passengers 03 the ship are

His Lordship was of opinion that the plaintiffs had failed to establish the loan of 828. If the loan had been by the firm, it would be in the firm's buuks: if by the

partners individually, then it was not dus | Canadians, chiefly from Montreal, Torch. kong Lands have sold at $110, and buyers onths is £1,000,000. The above dors not

are still on the market #7

GOVERNMENT STATEMENT.

INTIMATIONS

DANDRUFF AND FALLING HAIR Prevented by

Treatment with CUTICURA SOAP

And Cuticura Ointment. Directions: Make a parting and rub gently with Cuticura Cintment. Continue until whole scalp bas been gone over. Next morning shampoo with Cuticura Soap, Shampoos alone may be used as often as agreeable, but once or twice a month is generally suficient for this special treatment for women's hair.

Cukura SoaparátÚltimostendit everywhere. Fam pla of each with 32-p. book treo tenaci zmeresz depol Newbery, 47, Charterhours Ba, Landos: 1. Tomas &Co.. Britney, NAW.: 'Iranon, Ltd., Cape Town; Muller, Alectcon & Co., Catrusts and Eambayi Pot- ter Drag & Chrta. Corp, sole props, Boston, U.S.A. Fender-fored men ehave incomfort wih Cuff- Cura Road Kiying Stick. Liberal sample free.

96 M

PRISM

BINOCULARS

AT HOME PRICES:

obtain such a result has really taxed our ability to the utmost. If the uses of the proceeds are tene and the revenue derived from the Salt Gabelle is sufficient to cover the payment of interest and repayment of principal, foreigners will have no excuse to interfere with our Salt Administration, and this has been embodied in the agree As everything has been provided of ment

Besides, excepting that the foreign debté for, there can hardly be any danger in it, of the Central Government have been retained, all the foreign debts of the provinces relating to the Quintuple Banks have also been deducted from this Loan, and the amount of debts so repaid is very Doces, WARVIS AND GOLOWNS.-Hong-

great. It is clear that henceforth the kong and Whampoa have sold at $71,

But it must be remembered that the provinces will be free from bearing com- and at the close are ellers at this figure payment of the Indenuity and interest on plaints from foreigners on account of Hongkong and Kowloon Wharves have other loans was overdue and arrears had cutstanding debts, and that their revenues been an active market and have been accumulated to a huge amount and the may be utilised for constructive works. buyers at 894, and no shares coming out.

£9,000,000; the amount overdue for this future will be, this loan will at least help New Amoy Docks have buyers at $3,year is £2,300,000, the amount that will be us to pass the present eritical rasment. Shanghai Dooks at Tls. and Shanghai de soup is £3,000,008), and the total of The fundamental policy in future will, of Race week in Shanghai, business has been $2,870,000. Wharves at Tis. 112. Owing to this being the lynns contracted by the revistes is course, consist in the union of our citizen: ZEISS considerably restricted with that centre.

The total of the above is to maintain the credit of our nation, and £11,000,000. Besides the above the hope that you, gentlemen, will do your LANDS, HOTELS AND BUILDINGS-Hong indemnity payments in the past four best to ensure the blessing of our people. to the firm. He thought the plaintiffs had

this figure include the pelty leans contracted by the p also failed to establish the third head of

The Government, telegraphing to the Kowloon bands are now wanted at $48, late Ching Dynasty, and the Provisional ratahs concerning the Senate's adverse 16 Power and West Points at 861, Humphreys Governments of the North and the Southute, maintains that it had the necessary $27.37. If the defendant obtained that

Estates also being inquired for at the For the last few months the Breaction of the Provisional Assembly improved rate of $8. Hongkong Hotels Minister has been demanding payment, money and converted it to his own use it

By con Dr would be sure to be found ont.

The Government remain unchanged with buyers at $115 and the Russian Minister has urgently the Senate to be the result of party tactics Defen- dant was able to draw against his wages,

(old) and 570-(new).

demanded money. No means could be The Hamburg - American and drew shortly before and shortly aft -

new liner Imperator is the largest linor miet with sellers at $93. In the Northruptey seemed inevitable Appeals necessary to take notice of the Senate's COTTON MILLs.--Hongkongs still remaindeyized to meet these obligations, and and a move intended to alarm European opicion. The Goreunest thinks it un- wards sums of 612 and $13. The plaintiffs in the world. She is an eleven-storeyed Shanghai Cottons are quoted at $130 have been sent to the provinces, but they action, for laws actually in force make it had established the fourth head of their floating palace, 710ft, long, with engines, Kung Yiks Slag buyers and Laon are in a dificult position, too. When obligatory for the two Chambers to oper claim of 82 and $1, therefore judgment of 80,000-h.p. Her displacement is 50,000

Kung Mows $105 buyers. would be entered for the plaintiffs for

MISCELLANEOUS.-China Borneos have her groups have been approached, the and close their deliberations at the same negotiations have proved fruitless time The Kuomintang, having a tons, and she can accommodate 5,000 again strengthered, and close with buyers Although, the United States, out of regard | majority in the Senate, desires to use this -$89.22 and costa.

Among other luxuries heat it. Electries are wanted at 50 for justice, have declared the severance circumstance: to mislead Berope, and to Imperator has heen fitted with:--Thies are inquired for at 21. Stenin Laundries

loos have advanced to $175 buyers, Ropes of their connection with the Sextuple pass off a party vote of an opposition electric lifts, winter garden, summer have buyers at E. Watsons have sellers Group, the remainder of the members of group as that of Parliament and the na kouses,' theatre; gymnasiam, Ritz at $83, Powells buyers at 80 and the Group resolutely adhered to the policy which had governed their negotiations restaurant, swimming baths, ballroom,buyers at 8), Cements at 24.60, Water Fisheries at 81. China Providents have

heretofore. Any further delay on our telephones, “ Cottags" -café. The swim

heats at Sly Pals at 80 and Hong part would not only involve a loss of our Application for probate has been lodged ming bath is a copy of one meurthed at kong Trams at 7/2. China Light and credit, but aterferene would come through the right of authority of the by the exccutors of the will of the late Pompeii, with mosaic pavements that are Powers having sellers at 53. Langkats in tenders. It is very plain that the general INDO-CHINA SARAM NAVIGATION Miss E. J Emery, an American lady who replicas of those discovered at "Trey 5. died in London on Feb. 16. The estate The first-class dining saloon in the Louis

"If you regard the blame or praise of telegram from Tutah Chen it is stated that situation is exceedingly critical. In a has been provisionally valued at £02,657 76. Dd. gross. The residue, which it is XVL style is 30nft. long. Among other entinted may amount to £20,000, is left gigantic liners now building are the

the present time, you will become an for Salvation Army work anong women Canarder Aquitania (50,000 tons)'abd the

offender in the eyes of posterity." In a and girls in foreign countries, particular-White Star liner Gigantic (52,000 tons).

telegram from Tatuh Pe it is stated that

It has recently been noted by those who There will be foreign supervision if you follow the course of shipping share prices Iy India, China, Japan, and Afrien

horrow, but there will also be foreign that while the quotation for the Comula supervision if you do not borrow. Theretive Six per Cent. Preferred Ordinary fore it would be more advisable to undergo shares of the Indo-China Steam Naviga 976premium.temporary suffering, so that there, may tion Company has risen from 4 to 5

SALVATION ARMY WORK IN THE FAR EAST.

A LARGE LEGACY.

to, and Vancouver. She has cargo on board consigned to Messy. Dodwell & Uo., Ltel. and this is being tanded into Holt's godowns.

passengers.

Company's:

ふ

49/6

75/

10/0.

3519

the North have buyers at Tls. 601. (middle prices) came to hand from our LONDON QUOTATIONS. The following London Agents by cable to-day -- Trenchs Mines.........

SD/- Pabang Consolidated- Ural Caspian Malayan Tin Dredgers. The cargo liner, the pasenger-and-cargo | United Serdangs finer, and the pure liner are being so Mexican Eagles - developed in respect of size, quality aud Rubber Trusts....... equipment (says the Shipping Gartley Shell Transports A Times uprcial article summarises the that there will shortly be no room in the Indo-Chinas report of the Commission despatched by warid for any other kind of inercantile Booth & Co, to investigate the conditionsship except the coasting vessel-in other

RUBBER IN THE EAST,

COMPARISON WITH AMAZON PRODUCTIONS,

tha Port of Para and Messrs. Alfred

Eastern Trusts

17/0

.185.

Chinese Engineerings, 3216 Hongkong Electric Trams. 7/8

CHINESE INDENTURED LABOUR.

resurrection from that depth.” These words are really maxims.

I. ffsuch-hai, sines I have no other resource to meet the urgeat demands, cannot but choose the one that lay between these two courses of danger.

The Quintuple Group, at the same time, owing to the better condition of the European Money Market, were willing to The text of a Bill to amend the law continue the negotiations, of the Loan. Regarding the rate of interest, the Group lished

in the Straits Settlements Govern- state:

tion The Government proposes when the two Chambers are conducting their de liberations together to go before them and furnish them with all the necessary ex- planations.

COMPANY, LTD.

PRICE OF THE DEFERIED SHARES.

A Correspondent in the Financial Times of the 13th ult, saya

a

and prospects of rubber in the Orient for words, the feeder," capable of going comparison with the Brazil estimates. into rivers and ports which are inacces The total export for tic East la 1913 is put at 54,550 tons, for 4014, it is estimatedible to the large occan-going types with at 84,250 tons; 1016, 131,300 tons; that their deep draughts No doubt, at first. from Malay being 36,000, 13,000 and sight, that may appear to be large gelating to contracts for Labour is pun has agreed to change it to 5 per cent. and standing the great prosperity of the €3,000 tons, and Ceylon

10,000, 15,000 and 25,000 tons; Java 1,740, 10,660, generalisation from data whose sigri ment Gazett The objects and reasons all the other conditions are the same as and 18,300 tons. The total production of the East for 1910 is given at 182,850 tons; 1917, 213,800 fons: 1918, 257,250 tons; 1919, 302,450 tons. The production of the. Amazon valley in 1913 was 48,000 tons.

FATALITY IN HARMSTON'S CIRCUS.

KILLED IN MOTOR-CAR ACT.

ficaner time may greatly alter. It may be, moreover, that the expansion of the desirable and for that reason since 1st

Indentured labour is not considered trade of the world upon which shipowners December, 1911, the public has been are reckoning will be able to absorb even warned by notification in the Guseffe and the enormous tonnage which is being employers of labour have otherwise re- ceived intimation that after the 30th June. built. The world is certainly opening up 1911, all, contracts under The Chinese Im to brade, and the economic conditions are | migrants Ordinance 1903,' would have to in almox all the new, or comparatively come to an end." cow, countries favourable to expansion. It is quite possible that there will be employment for all the liner tonnage. which is being built and a large margin of tramp tonunge as well. But suppose

On the opening night of Hurinston's Circus at Pasoerosan (a town close to Sourabaya) Watson, who performed the sensational serial, motor act, was killed outright. The Souratayo Courant writes (as translated by the Straits Times)--As there is not, what will be the result? ia well-byown, this reckless person, after coming down from a height used to do a There will be no room for irregular complete somerannt in the air with his tonnage even at ruinously low rates, und ear, which would alight on its wheels. It appears that on the night in question, the swatrs of it provided they still own during the preparation of this tour de it will be heard filling the land with force, the motor did not arrive at the their lamentations about over-building. spot that it was calculated to do, and also the flooring, with mattresses supported by Of course, the signs are that there will springs to break the fall, was not quite be no over-building-ut any rate, in proper order. Or the motor coming over building of trans. What the in contact with it, the former did not miners of the liner tonnage will do-or move any further owing to its being held say if the prospect of expanded trade back by a tightened rope which caused it helfes itself can only be guessed. In any to turn over with a heavy thud, killing case, the future of shipping seems to lie the occupant outright.

with them.

no

439

those of the original negotiation, which December 27th of last year. The important was passed by the National Council on terms are as follows:-

Amount: £5,000,000 sterling: Interest, at 5 per cent per annuin. Issue Price, not lower than 90 per cent. Net procends, didacting Banking Com

mission 6 per cent, not lower than 81 per cent.

"

PERTUSSIN.

fe a barmless and elicient remedy against all disses of the respiratory orgate, especially WHOOPING COUGH, CATÁBRA OF LARYNX, ACUTE AND CHRONIO İBRON- CHIAL CATARRH, ASTHMA, Ero, which has been rocaguised unequalled by the bighest authorities. AL Lites AFFECTIONS OF THE LUNGS will be greatly relievo i by the use of it.

TO BE HAD AT EVERY CHEMIST.

IMPORTERS?

BETINES & CO.

ENTSIN AND PEKING

The

12

"

(new model).

£10.10.0

£10.10.0

£9.5.0

8

£6.10.0

6

6

large field).... £7.10.0 £6.0.0 (small model) ... €5.18.0

£5.8.0

نا

3

To le Obtained from

Chs. J. Gaupp & Co.,

OUR

OF

ALEXANDRA BUILDINGS.

CHATER

ROAD.

THE EYE

during the past sixteen months, the price of the Deferred shares has doubled during the same period, the quotation of 4 now ruling comparing with 2 at the end of 1011. The point which calls for com- ment is that during this period the company has done little more than pay the noriaal rate of 6 per cent. dividend on the Preferred shares, leaving considerable amount of arrears still In other words, notwith outstanding shipping industry, the company's accounts have not indicated any sensational im-STUDY, provement in ret earnings, although quietly written off against depreciation doubtless a good deal of revenue has been

and other matters. Nevertheless, so far oncerns the Deferred shareholders, they appear to be in very much the same I position as at the commencement of 1915.

and just as far off any dividend. impression is gaining ground that whils the moderats advance which has occurred in the price of the Preferred issue is attributable to more buoyant market con- ditions, the advance in the case of the Deferred shares is due to insured purchases made with some direct object, possibly connected with the control of the andertaking. There is no official infor- mation to confirm such a suggestion, and at most, it must be taken as little more than a market" guess. Nevertheless, as already stated, the matter is attracting a good deal of attention, and the impres sion is growing that an explanation of Cais movement will be forthcoming before very long. It is true that the company's fleet has been greatly improved of late by the addition of new vessels and the d'sport of old ones, which, of very materially increases the average value of the ionnage owned by the com- pray this, however, can hardly be regarded as explaining the appreciation

course,

VOELKEL & SCHROEDER. LTD in the market price of the Deferred

SHANGHAI.

capital.

and its anatomy and our long experience in correcting defective vision enable us to tell beyond doubt if your eyes will be benested by wearing glasses.

J

Our matbed of testing is soientific und accurate. If you do not need glasses we will tell you so, If you do need glasses we can supply and fit them at extremely moderate prices.

MAKE CERTAIN WE WILL TELL YOU.

@LARK & CO

MOBIL BLOGS, SPATER,

YONGKONIK