1881-07-16 — Page 3

are settled by the losing party paying the amount to the other, Whenever it is clear that this is the nature of the

transaction, Lord Young thinks the contract should be (ani legally is null and void. If so what follows? That the great mass of the business done on our Stock Exchanges. is outside the law, so that the contracts entered-into in regard to it may be sot at naught by the party who loses. Time-bargains are therefore extra or infra-legal, and may be repudiated without fear of consequences. In strict law this may be perfectly right, but all the world knows that such whole-

or

sale condemnation is a legal fletion. The law acknowledges and enforces contracts for the purchase sale of shares and goods, although the would-be purchaser may have boon as little prepared to pay as the would-be soller would be able to deliver the things sold. If it did not, three-fourths of the business done, not on Stock Exchanges alone, but all over the country, in all sorts of markets, would be of so pre. carious an order that it would become folly to engage in it. Lord Young is much too sweeping in his deliverances. The subject is evidently not unfamiliar to him, and his lecture might have been serviceable if he had stuck to tho moralities. By mixing up his faw with his morals he has confused both. Nor will there be wanting hypercritical persons who may question if, after the City of Glasgow Bank and other Scotch precedents, Scotland is quito the place to go to for lessons in ethics. -The World..

Hongkong Temperature.

(Taken at Mosers. Falconer & Co.'s Register, Queen's-road).

HONGKONG, 15th and 16th July. BAROMETER-1 PM. .............................29.096

Do.

.....20.660 4. P.M. THERMOMETER-1 PM..........

Do,

....SS, .86.

4 PM....... Do. 1 pm (Wet bulb) 81. Do. 4 PM. Do. 81. BAROMETER-9 AM.

.20.786 THERMOMETER-9 AM.

82. Do. 9. (Wet bulb) 80. Do. Maximum

......88. Do. Minimum (over night) SI.

SHIPPING INTELLIGENCE,

ARRIVALS. July 15, Hermes, German bark, 470 D. Grube, Cardiff, March 15, Coal-Moleliers & Co.

July 15, Hardwick, British steaner, 715, Topp, Canton 15th July, General.-C. M. S. N. Co. July 16, Atalanta, British steamer,

814, E. G. Pfaff, Canton 15th July, Ballast.Sieinssen & Co. July 16, Latin, French Man-of-war, 157, Rouvier, Singapore Sth July.

DEPARTURES.

July 15. Olympia, German steamor,

for Canton.

July 16, Laertes, British steamer, for

Shanghai.

July 16, Penedo, British steamor, for

Saigon. July 16, Glenturn, British steamer, for

Londoy.

MAILS.

The following mails will close- To-day, 16th July,- —

|

THE HONGKONG TELEGRAPH-SATURDAY, JULY 16TH, 1881.

On Tuesday, the 19th instant,-

For Bangkok, per Consolation, al ́5'

p.m.

On Wednesday, 27th July,--

For Sourabaya, Port Darwin, Cocktown, Townsville, Brisbane, Sydney, Melbourno, &c., į or Nel- sõit, át 3.30 p.m.

On Thursday, 21st July,-

For the United Kingdom and Ba-

rope via Brindisi; tho Straits Suttlements, Batavia, Burmah, Caylon, India, Aden, Egypt, Málta, and Gibraltar; por Rohilla; printed matter at 2 p.m., and letters at 3 30 p.m. ·

On Friday, 22nd July,-

For Kobo and Yokohama, per For Niigata Maru, ab 5 p.m. - Nagasaki and Yokohama, por Sunda, at 5

p.1.

On Thursday, 28th July,-

office, which at present is in a very backward and inefficient condition, not having yet arrived at the postage card institution. In fact its functions are wretchedly performed. The churches and ecclesiastical establishments aro vory numerous. The schools are fairly woll maintained, and include all branches of learning. There is one very commendable feature of the

pre- sent Governor-viz., the ample publi- eity which is given to the transactions elaborate statistics lately published in of the various departments. The

connection with the census would do credit to any Government in Europe.

There is room for the enterprising promotors at Hongkong to make up a company for the introduction of gas. Macho is remarkably well suited, pos- sessing a largo population over a small arca. We believe that a sufficient number of customers would be found, For the United Kingdom and Ea- including to Chinese population, to

rape, via Naples; to Saigon,

pay a good return on the capital re- Straits Settlemonts, Batavia, Burquired. The great trouble in all these mah, Ceylon, India (via Madras), companies is the outlay in feeding the the Australian Colonies, Aden,

sharks which prey on such concerns. Egypt, Malta, and Gibraltar, por Tho street lights at present aro vory Saghalion, ut. 11 a.m.

poor, and serve only to make darkness visible. A better light could be pro-

On Saturday, 30th July,-

For Japan, San Francisco, the United

duced from kerosine.

should also be kept up in honour of Protestanism. Macao may- once more become a refuge for the British as in days gone by. Should this by chance moot the eye of the relatives of any one buried there, they can make a contri- bution towards the expenses to the present acting Consul, Mr. Imlor, who will.sco to its proper disposal.-Lon- don and China Express.

A PRECEDENT cited by Mr. Justice McCarthy in the House of Commons for the parliamentary lawfulness of the phrase mendacious and calumnious statement" will be found set forth in the journals of the Ilouse. Oddly enough, there are two precedents brought together on the same page. On the 7th July, 1864, in the course of dobato on the Schleswig-Holstein ques- tion, Mr. Gathorne Hardy characterised a remark by Mr. Layard as "a calam.. nious statement." Mr. Layard moved that the words be taken down, but the

Statos, Canada, Honolulu, Peru According to the report of Mr. brought in a copy of "Hansard," and

&c., per City of L'aking, at 2.30 pai. The following mails may be oX- poetod:-

On Friday the 20th July, the Amer- ican mail with London dates of 18th

Juno.

Macao in 1881

This

Of late years it has been the habit to decry the once flourishing port of Macao. It is very satisfactory, how- ever, to find that it is not the dilapitated heap of ruins represented. Most of the buildings destroyed by the typhoon and fire of 1874 are rebuilt. great disaster, however, severely crip- pled the resources of the Portuguese " inhabitants. The well-known owner of the Camoons Garden, Mr. Lourenço Marques, lost property to the value of $50,000. The loan of $200,000, raised by the Government from the Hong- kong Bank, at 10 per cent. interest (a stiff rate for Government), has been repaid, and the finances are in a satis. factory condition, showing a surplus, which, however, the Government of Portugal insist on relieving them of, This is truly an arbitrary, if not outra geons, proceeding, to squeeze this small colony like a lemon for the bene- fit of the Home Government. That the colony is not a source of loss should be sufficiently satisfactory. The profits of the coolie trade to Cuba and Peru was once "the goose that laid the golden

"but now that that traffic is stopped the gambling and lottery farm forms the chief item of reveuve, yielding no less than $300,000 per year. This is of course maintained chiefly by the Chinese, but foreigners are also to be found having a ent in.

Trade has been gradually going out of the hands of the Portuguese, and become absorbed by the Chinese, but there is abundant evidence to show that there is a considerable trade, dono. Anotlier evidence is that the Chinese Government derive a revenue of some thirteen thousand taels per month from it. Opium has been almost stamped out as a legitimato trade, and is in the hands of the smuggling junks, who are closely watched by the Customs steam craisors, commanded by foreigners. Evidence, however, oxists, that the Government are able to hold a good' For Straits and Calcutta, per Sus, front, and contemplate entering on a and Arraton Apear, at 2.30 work of some magnitude, viz., the p.. For Shanghai, por Djemna, deepening of the harbour. We trust at 3 pm. For Yokohama, per that his Excellency Joso da Graga, the Menzalch, at 5.30 p.m. For Shang- present Governor, will be able to carry bai, per Hardwick, at 3.30 pub. For Swatow, Auby, and Foocliow,"

out this very important work, as well as the goneral maintenance of public por Kwanglung, at 5 p.m. For Hoi-mildings and roads. We are glad to. how, Pakhoi, and Haiphong, perhear that he took the responsibility re- Ilainan, at pm. For-Haiphong coutly of purchasing the house on the and Hoihow, per Vorwarts, at 5 Pray bolonging to the Coreal (de p. For Saigon, per Adria, at Mello) family for $20,000, which will 5 p., instead of as previously enable him to group into ono, many notified. For Shanghai, Chofoo departments now scattered about, and Newchwang, per Atalanta, There is sono dificulty about the sale of the property, owing to disputes and rival claimants amongst the Coreal family; but these will no doubt bo overcome. Meantime, wo understand that the Government have possession, and, are fitting the promises for the various offices. In this re-arrangement of departments we trust that greator efficency will be thrown into the post

at 5 p.m. On Monday, the 18th instant,-

For Japan, San Francisco, the United States, Canada, Honolulu, Peru, &c, per Belgie, at 230 pln. For Manila, per Esmeralda, at 3.30 p.m.

For Foochow, Bris- bane, Sydney, Melbourno, de, por Cullerthun, at 3.30 p.m.

|

Murray, Vice-Consul, the exports stand as follows for 1879:—Tea 9,000,000 lbs., value $1,500,000; silk, $250,000; star aniscol, $160,000; aniseed oil, $91,000; cassia oil, $38,400; sugar, $320,000; paper and indigo, $300,000; hiles, $10,000; tobacco, $150,000; sundries, about $2,000,000. Imports, nourly all byChinese, about $2,000,000, and opium about 5,000 chiesta. The harbour-master, Siguor Cinatti, gives the return for 1830 of imports and ex- ports all round at an estimated value of $23,911,620. This includes the cargo per local steamers to Hongkong, Canton, and other adjacent ports, both foroigu and Chinese."

REVENUE FOR 1880. Balance, 1879

$11,123 Direct taxes-income, houses, 316,830

licences, &c. Indirect do. Miscellanous

EXPENDITURE.

27,423 32,738

$388,112

General administration Surveyor-General's department Law and magisterial courts Ecclesiastical establishments ...

$121,333

8,517

9,457

6,038

Military

do.

68,202

do.

35,855

Transport, &c. Miscellaneons...

43,288

92,672

$385,012

Marine

Macao Ins to contribute to the sup- port of Timor in the way of supplies of stores, &c.,

|

Speakor (Mr. Evelyn Denison) said he saw nothing in the remark which call- ed for his interference. Lord Palmer- stou (the Premier) and Mr. Gladstone delicately demurred to this ruling; but the Speaker held by it. Later in the same evening Mr. Pope Hennessy read from it a passago in debate on the 27th April, 1855, when by a coin. cidence that made the passage doubly striking, Lord Palmerston had said with respect to a speech by Mr. Layard, "Every reasonable mad

must have been convinced that the charges made by the hon. gentleman are false and calumnious." The Speaker's attention being called to the phrase, he drow the fine distinction that the words had boon used only in referonce to the charges brought forward, and not to the person making thou. He there- fore ruled that Lord Palmerston was not out of order. The Speaker on this occasion was Mr. Shaw Lefevro (now Lord Eversley).London and China Express.

Intimations.

STAG HOTEL.

QUBEN'S ROAD CENTRAL,

-Good accommodation for Visitors, English & American Billiards. Tillin at One o'clock. Dinner at 7.80.

This Hotel is most centrally situated and within easy distance of the prin cipal landing places.

3. Спок,

Proprietor.

T. N. DRISCOLL. TAILOR, HOSIER, HATTER,

AND

GENERAL OUTFITIER, 45, and 47, QUEEN'S-ROAD,

The military and police force is as follows:-General police, comprising Portuguese and Chiuose, 451; Artillery, &o, for the forts and guard houses, 210; National battalion Macaoenese, (paid), 289; battalion from Portugal, AND B. TENNENT'S ALE and 226; water police, gun-boat crow on guard innor harbour, 115; total forco to guard and keep Macao, 1,411; four steam launches and eight row boats. Consequently the town appears in a stato of seige by its numerous guard houses and stations. We are of opinion that the military force and the forts are oh an exaggregated scale, entailing needless expense and consequent taxa- tion.

A good police, composed on a semimilitary basis, is sufficient, and we think the present Governor has a' chance of leaving his mark by reducing this outlay, which is a foolish display. The Portuguese need be under no aların at any attempt on the part of the Chinese to wrest Macao from them, so long as they lot well alono; but if they go fidgeting about Peking the case may be different.. Mr. Cinatti has compiled an elaborate topographical Map of Macao and the surroundings, showing the forts (ten), tho Govern- mont buildings, barracks, hospitals, &, which wo hope to see lithographed and distributed.

Ono of the most sacred obligations of the living is to give somó care to the resting places of the doad. The quiet littlo graveyard at Macro, in which Lord Napier, DE, Morrisou, and many of the oldest British residents of China are buried, does not bear evidence of this. The experlituin of $100 would straighton out the place, and with the known liberality of the communitios in- China; thoro would be no difficulty în raising that sum if started by the- British Consul, The little chapol

CANVAS.

PORTER. DAVID CORSAR & SONS'

Merchant Navy' Navy Boiled Long Flax Crown ARNHOLD KARBERG & Co. Hongkong, 15th Juno, 1881,

ONGKONG AND WHAMPOA

H DOCK COMPANY, LIMITED.

५

NOTICE.

During my absence from Hongkong, Mr. ROBERT COOKE will act as Secretary.

By Order of the Board,

D. GILLIES,

· Secretary. Hongkong, 15th June, 1881-

THE HONGKONG HOTEL COMPANY, LIMITED;

NOTICE TO SHAREHOLDERS.

EE ORDINARY HALF-YEARLY MEET- ING of SHAREHOLDERS will be held at the HONGKONG HOTEL, on FRIDAY, the 29th instant, at Four o'clock p.m.

TE

The TRANSFER BOOKS of the Company will bo CLOSED from tho 14th to the 29th Instapt.

By Order of the Directors,

LOUIS HAUSCHILD,

Socrotary. Hongkong, 9th July, 1881,"

MacEWEN, FRICKEL & Co.

GENERAL STOREKEEPERS, CO.

HAVE FOR SALE.

Groceries.

Crosse & Blackwell's, Celebrated Ilouso- hold Stores.

John Moir & Sons', Celebrated Liouse- hold Stores.

American Stores of all descriptions. Huntley & Palmer's BISCUITS & CAKES, BUTTER, Danish & French, Philippe

& Canaud's PATES &c.,

CHUTNIES & CURRY POWDER, TEYSSONEAU'S

FRUITS in juice.

COFFEE, SUGAR, &c., &e.

Wines, Spirits, &c. CUTLER PALMER & Co.'s * CARTE

BLANCHE." HEIDSIO & Co.'s MO- NOPOLE, pts. and gts. ADOLPHE COLLIN'S BOUZY CABINET.

MUMM'S (JULĖS) CHAMPAGNE

pts. and qts.

NEYEN'S (BODEN) BOUZY,

pts, and qts.

EXTRA SEC, quarts. Charles Heidsiecks's WHITE SEAL, pts. and gts. VEUVE CLIQUOT PON- SARDIN, pts. and qts, Theophile Roo- derer & Co.'s VERZENAY-MOUSSEUX' pts. and qts.

Krug's CHAMPAGNE, pts. and qts.

OUTLER PALMER & Co.'s CHAT- EAU MOUTON. LORMONT, pints,

and quarts. ARAUZAN (Chateau), pints and quarts, ERMITAGE LUDÔN. THIBŒUF (Chateau), pints and quarts. CHATEAU LAROSE (Curcier & Adet's),

piuts and quaris. CHATEAU, LAFITE, pinte and quarts. IRES GRAVES, pints and quarts. BREAKFAST CLARET, pints & quarts. OLD INVALID CLARET.

St. JULIEN, &c., &o. Breakfast Claret.

Burgundy, Hock, Sherries, &c. Chambertin, Chablis (White), Liebfrau

milch 11ockheimer, Niersteiner, Stein-

berger Cabinet, Rudesheimer Borg, Koninin Victoria Berg, Chateau Yquem, Grand Vin, Haut Sauterne

Marsala, Saccone's Pale Dry White Seal Sherry, Yellow, Scal Amontilado Sherry, Cutler Palmer and Co.'s Sherry, Invalid Port (1848), Hunt's Port.

Brandy, Whisky, Liqueurs, &c 1, 2 and 3-star Hennessy's Brandy, La Grande Marque Brandy,

Cutler Palmer & Co.'s Brandy, Rouyer Guillet & Co.'s Brandy, 1 to 4 stars; Finest Old Bourbon Whisky, highly recommended, Kinahan's LL Irish Whisky,

Jamieson's Irish Whisky, Royal Glendec Whisky; AVII Gin, Swaine

Boord & Co.'s Old Tom

- Gin; La Grande Chartreuse, Green

and Yellow, Maraschino de Zara, Curaçoa pints and quarts; Angostura, Boker's and Orange Bitters, &c., &o., &c.

BASS'S ALE, bottled by Cameron aup Saunders, pints and quarts.

GUINNESS'S STOUT, bottled by E

J. Burke, piuts and quarts. PILSENER BEER, in quarts. DRAUGHT ALE and PORTER, by

the Gallon.

Fine ALE, bottled by MacEwen, Frickel & Co. ALE and PORTER, in hosgheads.

Erated Waters. SODA WATER,

LEMONADE,

TONIC WATER,

SARSAPARILLA,

&c., &c., &c.

The Finest Stocks of CIGARS, CAVITE CHEROOTS, PRINCESA CHEROOTS, PRINCESA CIGARS, AROCEROS, VEGUERÓS,

&o..

&c.

"PERFECTION" All Specially

Selected.

EMPRESS OF INDIA, and Best-NAVY,

STATIONERY, BOOKS &c.

"Franklin Square" Lábrary,

"Seaside" Library,

Harper's Half-hour Sorice,

French Novels....

Medical Works.

School Books,

Presentation Books.

Works of reference &o. Stationery for Ladies and Office use. Direct from the manufacturers the best

and Cheapest in Hongkong. Spocind orders in this line excuted one

very moderato torms. -Papors ruled to any pattern and stamped

Plain, cameo or relief. Dies' engraved to order. Office requisites

of overy description. Milner's Fire Proof Safes, Cash and Deed

· Boxos, Brushware.- Cutlery, Crockery, and Glassward. Builder's Hardware-material, Sporting Guns. Revolvers and Sporting

ammunition, ̈ ̈*

Sailmaking and Rigging promptly exe-

cutod.