1913-05-17 — Page 3

HONGKONG UNIVERSITY UNION.

The annual general meeting of the Union was held at the University on Thurs

day and was attended by a large number

of members. The chair was taken by Mr. TH, Matthewman, M.Exo. The report for the year 1912-1913 showed that cricket, football, tennis, dramatic and musical clubs and also a Natural History Society and a Debating Society had been formed. The Athletic Clubs had played various matches and had held tour competitions. while the Musical and Dramatic Societies had given a very successful performance. The Debating Bociety had discussed the subjects of the State ownership of railways, the abolition of oapital punishment, compulsory education in China, female suffrage, polygamy in China, and the desirability of adopting acadomic costume in the Hongkong University.

on March 14th,

The balance sheet showed that the funds of the Union had been expended upon the purchase of a billiard table, grants to the various Clubs and Bocieties for the purchase of gear, and the provision of newspapers, etc., for the Students' Common Room.

The Treasurer (Dr. Francis Clark) announced that the Hongkong Govern ment, with the sanction of the Secretary of State, and generously granted to the Union a site of Innd of an area of about Eva neros in the vicinity of the University for a recreation ground. This land had already been surveyed and the Surveyor's report showed that the lovelling, laying out and turfing of the site would cost the sum of $18,200. He appealed to the friends and well-wishers of the University to help to provide this. sum, and nounced that already four Chinese gentlemen had promised to contribute the Hum of $1,000 each, and that he had great hopes that the whole amount required would be forthcoming during the next few months The meeting agreed, on the recommendation of the Union Council, to elect donors of the sum of 81,000 as

HONGKONG SHARE

MARKET.

THE HONGKONG DAILY PRESS, SATURDAY. MAY 17тm, 1918.

Mesare. Vernon & Smyth in their

weekly share report dated 10th May

state--

for

The market for local stocks contínuos active and, though fluctuating to some extent under several beads, closes on the London stocka whole on the firm side. have improved generally, the closing tone being ürmer for Rubbers, and quiet Tina." Fine Hard Fara Rubber is quoted to-day at 3/01 per 1b, and Plantation Sheets at 3/5. The Bank of England rate of discount remains at per cent,, the open market rate being now quoted 5 per cent. Her Bilver cost stendy atd. for ready, and 235-16d. for forward delivery.

Sterling TT. Is quoted at 21, Shanghai TT at 721, and Singapore T.T. at 801. Consols close at 75

BANKS--Hongkong and Shanghai have again been booked at 8805, the markes closing steady at this figure. London after declining to £60. 10/ has recovered to £81.

MARINE INSURANCES-Unions declined under forced sales to 8790, but at this rate the market closes with buyers. North Chinos and Yangtsses aroun changed at last quotations and without local business. Cantons are quiet at a nominal quotation of 332.

FIRE INSURANCES.-Chinns have been booked at $147, and at the close more shares are enquired for at $140. Hong kongs have been sold in small lots at $356, and at this rute there are further sellers..

and

THE CHINA ASSOCIATION.

EXTRACTS FROM ANNUAL REPORT."

The report of the China Association which was presented at the annual meet ing held on April 20th in London, contained the following:

O POLITICAL

The one outstanding foot of the year is that the Republic still continues, and though little has been done to strengthen the hold of the Central Government on the provinces, more especially those south of the Yangtse, yet, on the other hand, there has been no further overt movement towards independence. Time, it may be conceded, is on the side of Yuan Shih-kai; and the langer his authority continuca, nominal though it may be in many port the less likely it that may attempt will be made to wrest it from him. scheral result has been to enhance very considerably the authority and prestige of the President, and it became apparent that so long as he and the two Generals and Tuan Chih-jui Yung hang (Commanding in Feking) held together, his position was unassailable. The general control fell more and more into the hands of the President, whose mandates how do not differ materially in form or substance from the decrees of his late Imperial mistress the Empress Dowager.

Li

FINANCE.

The

future. While sympathizing with China in her resolve to abolish the use of opium, ano cannot but deplore the violent and illegal means that are being adopted to effect the purpose In 1907, when hire for the first time showed a real desire to put down the native cultivation, Great Britain readily agreed to reduce the Indian export by one-tenth por annum. And, finally, it was only in 1911, that China gave an undertaking for the first time that the trade should continuo under vanishing conditions for the five tion which she is now seeking to tear up. or six years longer. That is the conven-

KCANOPY CONSERVANCY.

Among other matters which have occupied the attention of the Association during the year it is satisfactory to record that Tuacgpu Conservancy has been

by the Shanghini Chamber of Commerce. settled on the lines of the scheme draited It may be assumed that the water approaches to Shanghai are safe for the

future.

Regarding the Shanghai Settlement extension the Chapoi authorities are Proposing to levy a general municipal rate on all residents, Chinese and foreign file. This raises a thorny question which, is not symptomatic of an early

settlement.

Convention with Japan it may be stated In the matter of the Trade Marks that the proposed Convention has been A drafted as to include provision for

priority of user...

Included in the supplement ig ionorandum by the Rev. G. Owen, Professor at the School of Chinese, sur- vesing the work done during the year.

OPIUM TRADE REVIEWED,

In last year's report it was stated that the political situation was overshadowed by the still more urgent question of finance. That remark remains true In an appendix in an article by Mr. to-day; and, indeed, the urgency has B. 9. Gundry, C.B., in which the whole become even greater than it was a year story of the opium trade is dispassionately While protesting against reviewed. It is in ably-draw-up docu- Star 2go.

the Central Government borrowing mones ment, the conclusions of which are on the only terms on which it can be

SHIPPING, Hongkong. Canton Macans have sold at $27, the market closing with probable sellers at this, and buyers at 8271. China and Manilas have improved to $9 buyers after sales at 881 and 881. Donglases have weakened to $41 sellers, and Indo-Chinas are quoted nominally at 892 ex dividend. Perrys have hardened to 352, with sales and further buyers at the close.

(1)--The poppy was grown in China at appeared at Canton.

TYPHOON DAMAGE IN THE PHILIPPINES.

The Manila Cablenews of Tuesday gives the following summary of the telegraphie sports received from various parts of the islands concerning the damage done by the typhoon

Late yesterday afternoon a telegram was receivad by Limpangoo Sons from the Provincial Governor at Lucena, Tayabas, advising that the coustwise steainer fomercio had foundered between the Tres Buenavista. Tho telegram advises that thirteen individuals, Reyes Islands and

according to the statements of the survivors, embarked from the sinking ship on a life raft. There are at present five persons in the hospital at Pagbilao, two at Lucena in very serious condition, and The agents state there were twenty-five. eleven are reported arewaed. members in the grew of the Comercio and five passengers-one Chinese and four Filipinos when the vessel cleared from faila fust Monday, May ota, i total of 30. With eleven reported dead, five at Pagbilao, and two at Luceria, this leaves twelve unaccounted for. Inasmuch as the telegram is signed by the Governor of the Proving, the agents assume that the captain, Abelardo Serantes, who has a family in Manila, was drowned.

The steamer Comercio was valued at

40,000 pesos and left Manila with a cargo of rice and petroleum.

The schooner Oscar, owned by Rueda Hermanos, the steamer Motipid, "of Pujalte & Company, and the sailing vasual Cesar, and Vicente Salwador, are all fuissing and rumoured wrecked.

The Swedish steamer Nippon, of which the Eastern and Pacific Trading Company are the agents, left this port May 7th with a load of copra, and is reported ashore on Scarborough shoals off the coast of Zambales, and the coastguard cutter Mindoro was dispatched yesterday to her rescue, by the Bureau of Navigation.

OILS Shell Transports after advane obtained, the provinces show no disposi least 800 years hefore the English & Company are the owners, left Manila.

log to a buying quotation of 116/0, are 117) with London & buyer at 115/0, and slightly easier at a middle quotation of a seller at 11776. Ural Caspians are quoted at 55/- and Mexicas Engles at 40, both widdle price,

REFINERIES-China Sugars after sales at $105 have hardened and can now be placed at $100. Luzons have receded to a selling quotation of $36.

MINING-Tronchis have been sold to London at 78/6 and $70, and shams can now he placed at slightly over these rabea, the middle quotation being 81/ Hea Vice-Presidents, donors of the sum of woods are quiet at 4/3, and Raubs neglected with sellers at $3.10 and prob- 8600 as Honorary Life Members and that able buyers at 83.40, Malayan Tins nre. the names of all donors of $100 easier at a middle quotation of 73/9, but upwards should be inscribed on a tablet Pahang Consolidateds are Grmer with to be placed in the students recreation buyers at 10/- Chinese Engineerings are

unchanged at 35/ (middio). гoon. Sir Kai Ho Kai, a Vice-President of the Union, had most kindly promised to assist in raising this fund.

The report also shows that members of the governing body of the University and of the teaching staff and all graduates of British Universities are eligible for membership of the Union, in addition to the undergraduates, and it is hoped that all those who are eligible will avail them. selves of the opportunity of becoming members, and so enable the Union to take ite proper place in the social and athletic life of the Colony. If this is done, there is little doubt that at no distant date the Union will be in a position to provide a comfortable Clab building for a members.

Chairman of Council-Mr. A. S

Taxford. Treasurer. Dr. Francis Clark, Secretary.Mr. Chan Wing To. Council-Messrs. Eung Man Su

William Hall, Lim Cheong Eang. Li Tsok lam, Lo in Shing, Murnes, G. H. Thomas, Wong Po Kie, Wong Siong Cie." The list of members already contains considerably over 100 names.

CHURCH NOTES.

The Bishop of Victoria has recently hold several confirmations for Chinese church members. Last week he confirmed 29 candidates at St. Stephen's Church, Hongkong, and on Tuesday last ning students of the sew Diocesan Training College at Shek Paai, near Canton. On Wednesday last some of the under graduates of the Hongkong University

College were confirmed in the private

in the pri Chapel at St. Paul's College.

To-morrow (Trinity Sunday) there will be the usual English services at St. John's Cathedral, Holy Communion at 3.15 and Matins at 11 a.m. Evening Prayer at 545, when, the preacher will be the Rev. G. A. Bunbury, M.A., Principal

DOCKS, WHARVES AND GODOWNS.-Hong kong and Whampoa Docks after fairly extensive sales at $71 and 711 dose with busers at the latter rate. Hongkong and Kowloon Wharves advanced in the early part of the week to 885 cash, falling rapidly later to $81, since when the market bas again ruled firmer, closing with buyers at $83. New Amoy Docks are wanted at $8, Shanghai Docks at Tle. 62, and Shanghai and Hougkew Wharves at Tls. 113.

Į

(2)--Opium was smoked in China at least forty-five years before British mer chants began importing it from India, and certainly more than 100 years before the so-called opium war.

(3.)-Inasmuch as opium-smoking was prohibited by Edict, A.D. 1729, as well as A.D. 1800 and 1850-though ·quito

effectively in each case.

tion to contribute their quota to the revolution so far has been to make the national obligations. The result of the provinces more independent than he They are appropriating the whole of the taxation-the land tax, the salt taxes, likin, etc.-to local purposes, and it may be assumed they will resent strongly any attempt to take the taxation out of their hands. It is doubtless this feeling that prompts the protest against conceding control or even supervision to foreigners. (4)-The habit made its way into China Meanwhile, the Central Government has from Java, by way of Formosa, about the (5.) The so-called opium war bad to provide for the annual charge of the end of the seventeenth century foreign debt, which now calls for a sum of about £8,500,000. It has also to nothing whatever to do with the intro- provide for the costs of administration, duction of opium or opium-smoking. Nor the pay of the rational troops, Manchu is there a word in the so-called opium only revenues at its disposal are the (6.) It was not till A.D. 1858 that pensions, etc., and to meet all that the treaty legitimating the trade. Customs and the surplus earnings of Ching-of her own free will-legitimated railways, Further, the indemnity pay-the trade by including opium in the tariff ments are in arrear to the extent of over of the Treaty of Tientsin.

3,000,000 and there is a mass of internal obligations overdue in the shape of republican bonds, patriolie bonds and provincial paper issues of all sorts. Those floating obligations could all be wiped Get If the reorganization loan goes through, but the question of questions established between revenue and expendi remains How is equilibrium to be ture for the future

(7.)---So soon as China showed an honest

intention to suppress the cultivation and use of opium, the British Government made immediate arrangements gradually to reduce and ultimately extinguish the export from Indis--arrangements which were cordially approved as satisfactory (8.)-At the time this arrangement was by the Government of China. made, the import from India was only one seventh of the quantity consumed in China-the remainder being produced in China itself. In other words, India supplied sufficient only for one day's consumption per week; the Chinese them selves producing the quantity required for the other six days.

The launch Remedios, of which Yboleon

May 4th with a lurchs in low for Guinayangan with a crew of 14 and no passengers. She was reported in front of the island Cabeza Bondo, May 6th, and left the lordha, at Bondo, since which date

no word has been received. It is feared this vessel has been wrecked, as it hnd not arrived at Guinayangan yesterday.

A telegram received at Baguio advises the town of Sinait has been practically destroyed, towns of Lapog and Cabugne suffered heavily and other municipalities slightly. A number of dead and injured are reported in those towns. The pontia Senta, Clara was wrecked near Lapog, and the large pontin San Agustin was The sailing vessel Oscar is reported ashore capsized near Sinait and the crew missing. at Pandan with four members of the crew missing. The north road through Ilocos provincial buildings are badly damaged. Sar is said to be intact, although several A telegram received by the Bureau of Education, at Baguio states the town of Badee has been entirely destroyed, hundreds of the residents probably killed and the people destitute, All light material hoses in Santo Domingo Are reported more or less damaged.

HAVE ANOTHER?

NATIONAL LIBERAL CLUB JUSTOMS,

Dr. Flatcher Little was announced to

LANDS, HOTELS AND BUILDINGS.-Hong- kong Lands have been booked at $110, and $110, market closing with buyers at the former rate. Kowloon Lands are still enquired for at $38, and West Points have proved to a buging quotation of Jes). Hongkong Hotels are still enquired for at $115 and $76 for the old and new lasucs respectively with no sales to report, Humphreys Estates after sales at Peking, when Republican principles willfully earried out its share of the Agreco Daily Mail, received the support of 28) are still obtainable at this figure.

COTTON MILLS.-Hongkongs are quiet with sellers at 91: Quotations to hand from Shanghai are as follova Eves Tla. 149 buyers, Shanghai Cottons Tle. 135 sellers, Kung Yika Tls. 14 buyers, Soy Chees Tis: 40 nominal, and Luou Kung Mows Tys. 107 sdföran

MARCELLANEOUS-China Borneos have sellers, at 2113, Dairy Farmig at 826, Coments at 84.90 after extensive sales at $4.75 to 84.05 and 85, Peak Trams at $11) and $1 for the old and new issues respectively, and Steam Fisheries at 84 for the fully paid scrip, the final call of 8 per share being paid yesterday, China Providents after sales at $8 have advanced to a buying quotation of 38.80, Electries are wanted at the improved rate of $341, Union Waterboats at $17, Ices at $176, Stearn Laundry at $11, China Lights at $1 after large sales at $2.90 to 831. Watsons at 88), rovells at $94, and Hongkong Electric Trans at 7/- Lang kats have declined in the North to a buying quotation of Tls. 69.

31/

557-2

73/9

117-

Two things are certain, if China is to be saved from bankruptcy (1) the provinces, that is, China as a whole, must submit to increased taxation, and (2) there must be A radical reform in the mode of collecting The future of China will the taxes. depend very largely on the proceedings in the new Parliament now assembled in for the first time be put to the test.

TRADE AND RALLWAYS.

(9.)-The British Government has faith

ment of 10:1; but China has violated ber's by stapping trade in Indian opium while plum is still being produced in her own territory:

FORMOSAN SUGAR INDUSTRY.

THE ETVECTS OF A CHANGE IN ACCOUNTANCY,

propose a resolution at the annual meri ing of the National Liberal Club on May Gth to prohibit members from "? treating each other to drinks between meals.

A similar resolution two yourEURO, SOVA one-third of the members quesont, and at voted for the resolution. It was kuty the annual meeting test year one-half- cipated that this year Mr. Little would receive the support of two-thirds of the members, the number necessary to carry the resolution,

Members have been canvassing fellow- members in support of Dr. Little's proposal. It is not entirely a temperance movement. A large body of members feel that the time has come when the old custom which survives in all clubs of

The year has been remarkable for the excellent crops ingathered, and trade, both in exports and imports, has shown a marked revival. Though the aftermathi of the revolution is still apparent in incipient mutinies, burning and looting of villages, and so forth, reported from many quarters, yet the general peace has

The Asahi reports that the Government been fairly well maintained by the Provincial Tutuhs. A grandiose scheme has on foot a proposal to include the for covering the country with a network sugar tax in Formosa in the general ac of railways has leer propounded by Dr. count of the Imperial Government, andtanding treat should be abolished. Sun Yat-son, under authority of the the sugar companies in Formosa fear President, and financiers in Europe and America are being sounded as to the part they will take. Though many of the proposed lines are premature there is no doubt that, given any sort of settled. Government, the future will see a rapid expansion of railway construction.

that, when the proposal is carried out, the policy of the Formosan Government of protecting the sugar industry in the

stand will be changed.

The companies have appointed a com- ment, asking that the existing policy of mittee to petition, the Formosan Govern- In the course of the year a communica-protection should be continued and sugar tion was receiveil by the Association in which it was indicated that British merchants were being left behind in the competition for new industrial business Chine. The communication being con- fidential cannot hy published, but the Association has taken steps to bring the facts to the notice of various Chambers of Commerce and also to the recently- formed British Engineers Association.

NOBODY LIKER IT." "Nobody likes it," said one old member. Yet whenever a group of men. congregate a moral code of hospitality which has survived through the ages makes it necessary for every man in turn to stand drinks,

"You join a group somewhere and someone says Have a drink? It is

in Formosa as bofore, Mr. Takashima, you have to stand another, according produced in Formosa should be examined apparently not etiquette to refuse. Then representative of the Formosan sugar to the strict laws of hospitality. Some- companies, passed Shimonoseki on Sun- day (4th instant) on his way to Tokyu body else then says 'Have another. The Minister of Flance and Mr. Uchida, the time you have fuished you have con- Director of Civil Administration in Formed many more drinks than you want. You also have to pay for seven drinks An mesa, now in Tokyo.

which, as a rule, nobody warts. expensive and silly business altogether.

"It is the abolition of this ancient custom which finds favour among the It is not supporters of Dr. Little. suggested that there should be a strict law against reasonable alcoholic refreshment. It is to be a moral law that no man shail ask a member to have another.

FIRE ON BUCKNALL LINER.

LONDON QUOINTIORS. The following and some of the masters of St. PARP quotations (middle price) were received which is opening up in the interior of to lay the companies: view before the group may consist of seven men and by

by wire from our London Agents to-day Tronoh Miner Pahang Consolidatede 10/3 Ural Caspians Malayan Tin Dredgers United Serdang Mexican Eagles Rubber, Trusts Eastern Trusts Shell Transports Indo-Chings and Chinese Engineerings Hongkong Electric Trams 7/3 London Ventures. Bwana McKubwa

of the Diocesani Training College.

Au 12.15 the Bishop will hold an ordina tion service in Chinese. The preacher will be the Rev. Mok Shan Teang, of Canton, and its expected that three other Chinese priests will take part in the service, as well as several English clergy- men. The singing will be led by the coin- bined choirs of St. Stephen's and St. The Hev. Ha Paul's Chinese Churches. Po Wan is the candidate to be ordained priest, For many years he has been employed as a catechist at Canton and district, and during his diaconate he he been working under the direction of the Rev. Mok Shau Tsang. He is now to be put in charge of the Anglican work at He will be the fourth Kongmoon. Chinese priest crdained in this diocese though several who have been trained the Diocesan Training College bave been It will be ordained in other dioceses. retecmbered that four students of the College who would long before this have been ordained were drowned with Bishop Hoare in the great typhoon of 1005.

40/-

96/ premium.

.117 185

10

670

BRITISH STEAMER STRANDED.

-POSITION. CONBIDERED HOPELESS.

Japan papers received by yesterday's mail show that the steamer wrecked at Muroran and reported by Reuter's agency to be the laton, was in fact the Ikalis We take the following from the Japan Chronicle:

The British steamer Ikalis, 4.329 tonis, belonging to the Leyland Shipning Com- pany of Liverpool, which left San Fran cisto for Kobe on April 3rd, s reported to have gone ashore of Murorer in the Hokkaido on Wednesday morning (7th instart) at 3.40 a.m. She struck a rock and sustained serious damage, there beibt. en fest of water, in the holds. With the assistance of the local police 5,202 hales of rev cotton were discharged and a large

antity of out timber. Captain William Clarkson and his crew of forty have been landed The position of the steamer is cansidered hopeless.

The correspondence shows your Com- A serious outbreak of fire has occurred mittee joined with others in protesting on the Bucknall liner Karema, arrived against the violation of the 1911 agree at Boston last month from the Far East ment and at the same time ventured to and a very heavy claim is likely to result put forward a suggestion which, if This is the second outbreak during her accepted by the Indian and Chinese voyage. The urema is of 5.263 tous Governments, would relieve the merchants gross register, and was built in 1894. In. of loss and put an end to all friction including all interests, she represents a

value of over. £100,000

PERTUSSIN.

Za barmless and eficient remedy against all diggases of the respiratory organe, especially WHOOPING COUGH, CATARRH OF LARYNX, ACUTE AND CHRONIC BRON- CHIAL CATARRH, ASTHMA, ETC., which has been aguised unequalled by the highest authorities. Aleo tho AFFECTIONS OF THE LUNGS will be greatly relieved by the use of It

TO BE HAD AT EVERY CHEMIST.

IMPORTERS

SJ. BETINES & CO,

TIENTSIN AND PEKING.

VOELKEL & SCHROEDER LTD.

SHANGHAT

MARCONI ENQUIRY SCENE.

ME WINSTON CHURCHILL IN HIGH DUDUZON. The Marconi Committee, after a pri- vate consultation, decided that the editor of the Financial News should give the name of another member of the Cabinet who, it was rumoured, had been connected with the Marconi dealings. The editor pave the name of Mr. Churchill, but he added that he believed the rusiour to be absolutely without foundation.

The Chairman announced that Mr. Churchill would immediately be called.

Mr. Churchill appeared before the Committee, on the 29th ult, and protected most warmly against being called to answer vague tittle-tattle. He vehement ly denied that he had had dealings of any wort in Marconi shares anywhere in the world. If anyone said so he was a liar and a slanderer and others asural. M

The Chairman

Churchill, that he was only called to do

justice to himself.

Mr. Churchill walked out of the room anmollified.

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