1890-02-19 — Page 6

Kowloon Inland Lot No. 524, in eight sections, levelled and laid out, was offered" for sale by auction on the 15th.inst. by Mr. G. R. Lammert, and bought in at 38 cents a foot.

AN Instance of tare magnanimity on the part of the Emperor is recorded in the Peking Gazette. Shih-tang, the Vice. President of the Board, of War, who is over eighty years of age, was recently late in hir ni. tendance at Court, and with a full appreciation thamagnitude of his offence he voluntarily handed himself over to the proper Board for punishment that would fit his crime.. Hó explained at the *same time that his tardiness in arriving at Court on the morning in question was due to his having been seized with a pain in his stomack while on hia way to the palace! The Emperor, however, has magnanimously overlooked the fault of the colicky old mandarin, and has published a special decree waiving the question of penalty.

7:

w the 24th ult, while some Japanese fishermen 1 were out cod-fishing about 5 or 6 ri from land, In twenty-six boats, signs of bad weather ap- peared and they made preparations to return, but as eighty fishing lines of deventy fathams in lengh were out from each bost, some little time ↑ was spent in getting them in, and before they were quite ready the wind came down on them accompanied with a fall of sleet. Out of the twenty-six boats only fifteen managed to get 'to land, eleven boats with eighty-two fishermen on board being inissed." Of these twenty-three were saved, two died from the effects of cold, and three bodies have been washed ashore. All trace of

· the others has been lost, and as the entire male population of the island to which they belonged is only something like two hundred, one fourth have been lost by this misfortune.

AT 1.10 p.m. on the 14th inst. the hearts of weary Prickaka coolies were gladdened by the sound of the fire bell. Onr ubiquitous special was quickly “on the job” and securing a flyer (we wish we had him in a sweep for the forthcoming veterans' race) arrived just in time to find the fire-out. However, a closer inspection proved that one had only just been outted-thanks to the prompt arrival of the brigade-from a tempo- rary possession of No. 8, St. Francil Street, Wanchal, the basement floor of which man- sion was occupied by Chinese, the second by Portuguese, and the top by a Naval Yard watch- man. "We believe the fire originated in the coole house and considerable damage was done to the furniture and effects of the establishment.

A JAPANESE paper says:-As a rumour has been current since the last two or three days that there has been a disturbance at Seoul, we made some enquiries and find the facts of the care to be as follows: . It is well known and bas already been reported that the Corean merchants had made arrangements to expel out of Seoul all Chinese and Japanese_merchants in consequence of these alfeas having entered into commerce with success in their country. They have now again brought forward the -question and are pressing the Corean Foreign Office to expel them, a report of which wÀI received by the authorities on the 1st inst. Further particuları received are to the effect. that the Corean merchants took the advice of their Foreign Office and agreed to entrust to their Government the task of advising the Chinese and Japanese to withdraw, restored quiet for the time being.

This

|

THE HONGKONG TELEGRAPH, WEDNESDAY, FEBRUARY 19, 1890.

‚'

244,085.53

1,441,756.89

WORKING ACCOUNT FROM 1ST JULY, TO 31ST "DECIMBER, 1889, INCLUSIVE.

Dr. Balance last Account........

Assets

Cash at Bankers Fixed deposits at Banks. Invested in Bonds:-

Chinese Imp. Government Loans

B. C. & Ewoksuisek Loans on Mortgage?--

On Properties in

Hongkong

$485,775,00° in

On Properties

Shanghai ..................... r29,621.93 Hongkong Fire Insurance Co.'s,

Shares.........eer

Furniture Account:--

October, when the crop was about half grown, a | Working Account 1889 :— severe flood took place and destroyed the plants Balance at Credit............. on 64 fields 1-this may be looked upon as costing the Company, some $25/30,000. I am glad to say that these floods, we are assured, are of quite exceptional occurrence and inasmuch as our planting having been commraced this year three months earlier, it is highly improbable that there will be a recurrence of such a disaster while we have tobacco in the fields. In December again there were very heary rainstorms which tended grestly to lighten the leal that was then uncut. Mr. Kennedy, on his visit here, informed us that the Estate would ship 130 piculs in April next and from the report would seem that the tobacco is likely to do well. on the musters that have been sent home t By the last mail we received written report from the London tobacco brokers, descríblag the leafas of very good quality and silky textures and if properly fermented and carefully assorted, the tobacco would meet with a ready sale at 2/6 10 3/- per lb. for the best leaves. This is very satisfactory and is important information. as it proves that the Estate is capable of growing the desired quality of tobacco, Mr. Kennedy, when he was here in January for a few days, was very sanguine as to the future of the Estate and expects to get 8 piculs per field on the 150 field he has commenced to open up. I trust his anticipations may be fulfilled and also that the small crop he expects to ship in April may prove the value of the Estate. Whilst regretting that I have not a more satisfactory report to lay before you, I would say that ours is not a singular experience, for, as shown in the report of the Shanghai Sumatra Company, which was recently published in the newspapers, although they had at first much the same experience as we have bad, still it is now in a flourishing condition and with very bright prospects before it.

He then proposed the adoption of Report and accounts, which was seconded by Mr. A. G.. Stokes, and arced to,

Mr. A. G. Stokes proposed the re-election of the Consulting Committee, which J. Moffat

seconded.

Mr. Layton proposed the re-election of auditors, and Mr. Dalrymple seconded. Agreed.

Mr. A. G.. Stokes having proposed a vote to thanks to the Chairman and Consulting. Committee, the proceedings ended.

THE ICE COMPANY, LIMITED.

The ninth annual meeting of the shareholders of this Company was held on the 15th inst, at the offices of the General Managers-Jardine, Matheson & Cat

The Hon. J. J. Keswick, whe presided, said;— Gentlemen, the report and accounts have been in your hands for some time and with your permission we will take them as read. The General Managervare glad to place such excellent accounts before you, which show the best return to the shareholders the Company has ever made, amounting as it does to 24 per cent, for the year, and I have no doubt the result will be considered highly satisfactory. There are no remaks with which I can usefully supplement the report. You will observe that the old Dry Air Machine, which is obsolete, must be replaced by a modern one, and the order is in the hands of McBain, the Isté Manager. It is to be hoped that this improve ments will enable the Company to meet the steadily increasing demand for ice, during the summer months, for it is a very important maiter that our machinery should keep pace with the calls upon it, as any neglect in this direction would open the door to competitors. I think we THE following is an extract from a letter may consider ourselves lucky in retaining the received by Capt. Deane, President of the Hong- monopoly so long, and we must not be blind to kong Cricket Club, from His Excellency Sir what is transpiring around us, and to the fact that Ceci Clementi Smith, K. C. M. G., Governor of the high price at which this Company disposes the Straits Settlements, :-There is no doubt that

of its products compared with all other com- your cricket was better than ours, but still our panies in the East may tempt others. At this fellows ought to have made a better fight of it.

point I think I should mention that the General I used to know something of that sort of bowting Managers have received a letter signed by a of Coxon's, and if it is only played back instead

number of shareholdera requesting them to call of forward it is quite possible to save your wicket, az Extraordinary Meeting with the object of in and even to make runs. I doubt, however, if our

creasing the Company's" caphal, which in my men were physically fit, change of climate-from opinion would be a mistaken measure, and one hot to cold-makes an immense difference. It which, I may as well say at once, would meet is impossible to exaggerate the feeling of with no countenance from the General Man- enthusiasm for Hoogkong and hearty apprecia-agen. I think there is nothing I can usefully tion of all that was done for them, which was,

add to these remarks, but before moving the exhibited on their return here by the Singapore adoption of the report and accounts I shall be team. You could not, I gather, have done more glad to answer any questions which shareholders for them. The whole thing has been a

may wish to addiers to me, tremendous succeses Personally I am very grateful, and specially so to you as President of the Club.

THE Tokyo Koron observes that the names of Japanese journals have been borrowed directly from foreign titles is the majority of cases. Thus Nicht Nicht Shimbun and Mainichi Shimbun are

eral translations of "Daily News," as Yubin Hochi is of "Mail," Dempe of "Telegraph," Fiji of "Times," and so forth. Some papers are called after the names of the places of their publication, while others, again, bave titles intended to indicate the nature of their contents

The report having been adopted, Mr. P. Arnold was re-elected auditor, and the pro. ceedings terminated.

THE CHINA FIRE INSURANCE

COMPANY, 'LIMITED.

The following is the report for presentation to the shareholders at the twenty-first ordinary meeting to be held at the Company's offices at twelve o'clock, noon, on Monday, the 24th February, 1890:-

:Office Furniture, &c. ««......... Accounts Receivable:-

Premis due from Agencies, In- terest due on Deposits and' In- vestments, &c...............

19:647.10

their agents on board. This trick succeeded last year in the case of the steamer China, was very", neaply successful a couple of months ago in the case of the steamer Kiel, and would no doubt Fidelio, recently arrived, had the Captain not anchored at Rhis,

"Balance at dabit of Sundry Expenses : 99.80 } bave met with success in the case of the steamer"; "Events" during the thirty years have given a

Accountrieske

.......................................9030 90 545,000.00 Amount written off for Hangham Pier Account ..................................... Amount written off for Bad Debt...... Extraordinary repairs Account 214,146.66 Auditors' Fees ...iziteta

111.00 16.00 1,177.10.

100 00

A few days after having left Hongkong the disturbance commenced. The coolies then wanted to go to Singapore and not to Dell, not withstanding the distinct declamation made before the Harbour Master at Hongkong-repeated $10,544.86 twice by each coolie separately that they were perfectly aware of the fact that they were belag engaged for Medan in Dell. Persuasion and threats on the part of the Captain did not mand matters, and be steamed to the roads of Rbio Blying the signal "diatorbance en board.

13.00 144.41 12.60

Cr.

614.396.93

512.00

360.00

Earnings of Steam-Launches to date, $ 9,288.30 Transfer Fees Account, ........................... Interest Account, ..............................................asi Hired Launch Account, ......... Balance forward to next Account,.....

49.694.80 $1.441,756.59

WORKING ACCOUNT, 187 JANUARY TO ŽIST DECEMBER, 1889. Dr.

To Charges Account -

Rent, Salaries, Legal and Surveyors Fees, 'Stamps, Stationery, &&C................$18,519.76 Directors' and Auditors' Fees.......4

7,300.00

$25,819.76

To Fire Engine Working Account :-*

Hall Cost of Maintaining Steam Fire Engines and Volunteers To Commission Account

Agents Commissions.

To Losses Account 1889 :—'.

Claims accruing to this year pald... To Amount Written off;—

Furniture Account..

To Balance.....

By Premium Account :-

Net amount of Premia.

collected............$229,750.85 Less Re-insurances ... ..4.768.40

By Interest Account ¡—'

Amount at Credit, including Inter est due on Deposits and Invest ments, &c. recessed By Exchange Account :-

Amount at Credit

By Transfer fee Account :-

Amount at Credit...........

By Fire Engine Account:

Amount at Credit after sale of Steam Fire Engine, &c. at Shanghai...operamosuncio

E. & Q. E.

E.&O.E.

1,097,55 $10,544.86

A. G. GORDON & CO. LTD.,

Managers. We have compared the above with the Books and Vouchers of the Company and have found the same in accordance.

L. DOWNES, Auditors. R. LYALL

Hongkong, 17th January, 1890.

FIRE ON THE · " VERONA"

About nine o'clock last night (11th inst.), as the F. and 0. 5. N. Ca's steamer Varona lay at the Kowison Wharf, her cargo being discharged, a number of bags of sulpbar about half a ton in weight-fell out of the sling and down into the main-kold #gain. Dropping on the stone ballast apparently 2,388.64 caused them to ignite, for fames immediately flickered over their surface, and the hold began 14,113.21 to fill with smoke. The hore and "annihilators

connected with the boilers were at once started. *27,33771 | but as they made no impresion the hatches and

ventilators were closed, and matters left til morning, the floating fire-engine lying alongside 244,085.53 all night. At daylight the hatches were removed, and, as the bags were still borning, Sergeant $313,784.88 | Harkin turned on the "sprinkler" hote,; and extinguished the fire, in a few minutes. The hold was emply with the exception of the twenty. five bags that were burnt, and 100 others in another part. The hall was quite uninjured,

mom! infuence of the foreigners necessarily declined, except so far as they were made a convenience of to furnish information and argu ments to be used against their colleagues. temporary power of moulding the government policy, now to the representative of this power; and now to that, but the net residuam of each inBuence when weighed and measured is barely perceptible; and

But concurrently with the action and counter- action of the diplomatic forces there has appeared in their midst another nondescript power. which has grown like the little hom on the ten-horned beast in Daniel's vision,” which from small beginnings attained to exceeding great renown, The Customs service was an Institution entirely without precedent, and pro H. N. M's. turretship Prins Hendrik der bably no human foresight could have assigned Nederlanden was then lying at Rhio, and the to it the position which it has made for fiself Commander, with a Lieutenant and zo men, im- partly as the natural product of the circum. mediately went on board the Fidelio, whereupon stances, and partir as the outcome of the re 47 ringleaders pointed out by the Captain and markable personality which is identified with its the Chinese compradores were arrested and growth. Originally conceived, officiously as it taken on board the man-of-war. As the Pris was thought by many at the time, a stop. Hendrik was on the point of leaving for Achen,gap during the interregnum at Shanghai caused. the Commander was good enough to offer by the occupation of the city by rebels, the convoy to Dell, which was of cours thankfully. Foreign Customs had time to take root in that accepted. A detachment from the Prins Ho- great centre of trade before the Government had drit remained on board the Fidelio, and the recovered strength sufficient to throw it off and Prins Hendrik kept the rowdies until arrival at on the conclusion of the treaties of 1858-60, which Kwala Dell, when they were again put on board called for large pecuniary indemnities from the Fidelio. They did not venture upon further | China, the Customos was me aready-made instru- disturbances, and the 27 men can now lay their ment for the collection of the money, and was, complaints before the Police, authorities under the ægis of the two conquering powers, We are glad to learn that the 27 ringleaders extended to the 'other open ports and protected will probably be sent back to Hongkong... The 'againstall remoesture of the dispossessed native Harbour authorities at Hongkong are so con

officials until the last instalment of these indemni vinced of the voluntary emigration of the coolles ties had been paid.. But by that time the reqjale who left that part per steamer Fidelio, that they ments of the Chinese Government itself became even requested the agents of the Dell planters to very pressing, bets an account of the depletion of send back the discontented in the event of any provincial treasuries caused by the rebellion and difficulties arising. Should I appear from theby the new wants of war material from abroad, enquiry' to be held that there were really hangels which the Government began to realize. Hence, on of brokers among the cooles, the Hongkong the institution which had served so well the authorities will no doubt inflict an exemplary purpose of the foreign creditors found no less punishment for this imposition, Coolle emigr. favours are of inuch needed revenue to tion cannot otherwise than benefit by the char. | Le country Hell, under which imperions neces- getic suppression of 'all malpractices confected |sity; the 'objections of the whole blerarchy of therewith. We look forward with interest and

taotais!whơizzw their birth-right, taken away. confidence to Hongkong's decision in the matter from them were overruled, and the Foreign

Customs struck it tap root deep into the sol Such we take to be a fair summary of the rise and progress of that remarkable institution,“

THE BALANCE OF POWER.

III.

ཡ* : M』

$324,982-45 THE SINGAPORE EX-SHERIFF IN important part which the foreigner has borne in

TROUBLE.

B5,793-39

We have had occasion in the past six or nise months to frequently comment unfavorably upon 1,830 28 the extent of the shue-gambling spirit, but we 13520 have not seen it spread to our ex-officials, ax, apparently, has been the case in Singapore. The suicide of Sir Thomas Sidgreaves, the ex-Chief Justice, is attributed to speculative misfortunes, and now, according to our Straits contemporaries, the ex-Sheriff is in trouble through the same. cruce. The Straits Timsi'says :-

1.

943.56

$313,784.88

GEN. L. TOMLIN,

Acting Secretary. We have examined the above Statement with the Books and Securities at the Head Office, and have found the same to be correct.

· JAMES H. Cox, Į R. LEALL Hongkong, 14th February, 1890,

LIMITED

Auditors,

As the lower grades of animal life one "organ performs several functions, so it in in the less developed political organisms. The Customs service was soon put to many strange uses by the Chinese Government, and out of its discharge of the multifarious tasks which were successively thrown on it has grown that foreign influence over Chinese affairs which has over shadowed all other foreign influence put together. In the earliest days of its second stage of development, that is to say, in the first year after the treating, the new institution essayed the ambitious enterprise of providing China with

`FOREIGN ADVISERS, NON E Our subjects would be imperfectly presented, even as a mere sketch, without a glance at the controlling both internal administration and ex ternal relations during the list thirty years The treaties of 1858-60 compelled China to take a new departure for which she was wholly in prepared, and for pilotage in the unknown Waters she was in the earlier years beholden to foreigners of various countries ready made war feet, officered and manned and occupying various positions. For the by Englishman, and within two years the suppression of the Taiping Rebellion she organisation was complete and the ships arrived was dependent on their aid her introduction to on the const under the command of an officer the diplomatic comity of nations was under theft of distinction. The only fault of the scheme, clage; and in all the crises through which indeed, was that it was too complete, the not her foreign relations have passed, it has uncommon mistake being made of reckoning ever been the foreigner to whose friendly without one's host. The commander of the fleet Intervention she has owed the solution of and Mr. Lay, who aimed at belag a sort of It appears that on the 11th January Mr. Hadson,

her difficulties. We might even go a sled Lord High Admin, claimed entire independenen as receiverofanestate, obtained indgment against further and say, without qualification, that it is of the Chinese aborities with whom they was Chinese estate for a sum, which, with costs; by the efficient real of her own foreign employes to act in the operations against the rebels os amounted to $5.087, and on the 20th a writ of

alone that her government: bir been enabled to the Yangtze, but the three Generals in the execution was issued in the usual course, and

carry on, and the dynasty to maintain-its lexis->field, Tiếng Kro-fan it Anking, Tiếng Kuo. placed in the hands of Norris, the Sheriff, Maan-

tence. There is, therefore, every reason why chuan at Nanking, and Li Hung-chang in while, partly before the date of the judgment and

this important auxiliary should be assigned ili Kiangsu (strentióitaly protested, and Ll Indited partly before the date of the issue of the writ, the dat place in the group of forces whese combined an ungest memorial to the Throne, in which he debtor had prid $5,000 to Norris in various sumaj

and compensating action has resulted in that recommended the entire rejection of the flect and after the issue of writ, be paid the balance

"balance of power ? of which the Chinese Ger! rather than cede the extravagant pretensions of of $57. On the syth January Norris, being pressed

ernment, as it stands to-day, is, the living Mr: Lay. Therefore, although in great straits by Mr. Hudson to pay him this money, handed a

expression.

for the recovery of the Southern capital, In THE STEAM LAUNCH COMPANY, | cheque for $5087 to Mr. Hudson's solicitors, and It will be understood that only the briefest in which the Hoet was intended to co-operate, dication of some of China's principal points of and although they had spent a large sum on the ath that chequewas dishonoured. Immedi- utely after this happened, Norris was written to on contact with her foreign advisers can be attempled in the purchase and equipment of the ships, the subject, and also an order was obtained from within the space at our diaposal. The first year Prince | Kund" was compelled to sacrifice The following is the report of the board of Mr. Justice Goldney, instructing Norris at once of the establishment of foreign representatives fall rather than make the surrender demanded, directors to the second ordinary meeting of to pay the money Into the hands of the Receiver, in Peking was naturally the time when they ex- In" which “revolution" he was no doubt, also shareholders to be held at the Hongkong Hotel, Norris did not obey the order, but on the conercled "the most direct influence we might fortified by the Hostile attitude of some of the on Tuesday, the 25th February, 1890, attrary, he wrole, on the 31st ultimo, a letter, the

almostsay control-over the doings of the Chinese foreign Ministerk, who were prompted by a ver substance of which was an allegation that he Government, then under the regency of Prisce natural calojtjy of the Englah. Consequentir had not received the money on the writ of Lang, the brother of the still living Emperor, the services of Admiral Osborns were declined, execution, but that the Chinaman had lodged Were such an opportunity ever to arise, apsiu | indo those "of" Mri" Lay, Inspector-General of it with "him to to speak, for his own con

we may opine that it would be turned to Beller Customs, werd dispensed with. Pathaps the mock venience, and that he (Norris) would shortly account for China's sake and the world's than important visible result of the Lay Osboma lake stops to have his banicing account put was done on that occasion, for then the Gover-fouills fused was the Cannge of the personnel of into such a condition, that the cheque could meat was resolved into its elements and in a the Inspectorate General gan lavisible result he honoured. This, it will be observed, was a plastic state, ready to receive whatever, impress was doubtless the recoil of the Chinese from cons Norris should at once pay the money into the to stamp on it. Even if these functionaries had the Customs Service recovered its influence, and disregard of Mr. Justice Goldney's order that the French and English Ministers might choose | |;fidenes in the foreigner. Under its new direction hands of the Receiver, And accordingly to-day understood the situation, however, there was on extended to field of uillity, Military the whole of the circumstances were brought little likelihood of their agreeing on any im-operations were, of course, lies to its character before Mr. Goldney, upon affidavit, and an order portant course of action, seeing that, the war but as it was to the good offices of the new was issued for the committal of Nords that is being over, their respective sims were becometer General that the breach was healed to say Norris will be put in prison for having ing divergent. The necessity which arose at between General Gordon and Li Hing. disobeyed the order to surrender this money...

Shangbai for active meanres› against (the) 'chang after the capture of Soochow, it must be Norris is a Eurasian who has been for the Talpings gave the foreign Ministers, In the allowed its due share of credit for the success

second year of their residence la Peking, a further |{ful termination of the campaign.. It was the

and one that ought, if home precedent were to their naval and military oficers on the spot, of China were litle more then, emissaries from he Bheriff, a post of considerable Importance gain passed by, preferring to leave the initiative And, as is well known, the diplomatic plonces and who, about four years ago, was promoted to

Imperial Government, which, however, they | supply the zával requirements of China:

followed, to be filled by a lawyer. He bad recently arranged to retire on pension, and his and a treat the shaping of the future, relutions the Cistom The mission of Pin to Europe, resignation took effect on the 31st January; but

of Chica to the exigencies which their 'snomaless nursed by Mezard Bawra and Deschamps, bas Af course these extraordinary dealings with military operations might greaftale he respond been lughed at on account of the low rank and money will make necessary to consider sibility for the negotiatiour, which brought

authoritative character of the envoy, as it la whether be can be treated as having resigned or Gordon on the scene and restored the authority

world's way to meer at the small beginnings whether he must lose his pension. That of of the government in Kinngnin and Cheklang

enterprise whatever. Pin fulfilled his course is spart from the graver question of how devolved chiefly on one sturdy and is fearless

ver and on his retum to Paking WAI Kosure the untravelled and learinl is dealings with these monies may appear in an Admiral Hope, borakbody

thankfully acknowledged, was most loyally'supli

'capital that the outer world was The influence of the foreigner who took part in ported by his French colleague Admiral Protet.

With gorgons and hydens and

the first lessons. To pass- the suppression of the rebellion was thus local

onderful diplomātis venture, jo its character and consequally transient, fall

mission -advantage not being taken of the state of affairs to place the diplomatic position of the Central Government on a clear and satisfactory foot Nevertheless, the genius of Garden "and,

get, and the exertions of their

4 p-mic

The directors beg to submit to the share holders the report and statement of accounts for six months ending gist December, 1889.

After paying all running expenses, salaries, repairs, and all other current out-goings, there remains (including $99.86 standing at debit of last account) the sum of $1,007.55 at debit of Profit and Loss Account which is carried forward The gross receipts on account of the launch traffic for the last half year are lo excess of those for the first six months of the year, but the diminu tion of the nett carnings has been caused by the high price of coal

BUSINESS

or their sphere of circulation, The Nippon in the Accounts of the Company for the year ending on Wharf and Godown Company, whereby, they greater part of his life in the Government service occasion for playing a high game with the Customs also which made the next attempted

supposed to be the exponent of Nipponese view; par excellence the Ye-irt Ylys, or "pictorial independent, conveys its own meaning the Satrox (political discussion) is supposed to, be 'devoted chiefly to affairs of government; the Koron, or "public discussion," le nominally independent of all parties; the Yomi-uri Shimbun, or "sell and read news," represents a Journal sold here, there, and everywhere; the Shogyo Shimpo, or commercial news, la presum ably untinged by political views: the Choya (iterally, morning and rustic), signifies a journal that deals equally with government (cho) and people (ya); the Toraf (east and west) means a universally circulated journal: and the Asahi (morning sun) is simply the "Japan.*

THE SONGEI KOYAH PLANTING CO., LIMITED.

A meeting of the shareholders of the above Company was held at the Hongkong Hotel at noon on the 15th inst. Present--Messrs B. Layton (Chairman) H. L. Dalrymple, W. Wolton, H. P. Tennant, J. Moffat, A. G. Stokes and C. F. Harton.

Your Directors have the pleasure to submit

31st December last. 1988-The balance at credit of Working Account,

as per last Report, WA

Dedict Dividend of $3 per Share, paid

in 1879 ...........$60,000.00

DeductClaims under

1888 policies paid

In 1889 YEAR

Deduct Return pre. mnia &c. &c. paid

20,637-53

In 1889 -2,732.70

$223.443.29

$3,379.13

Balance of Proft,.....$140,073.00 This amount the Directors propose to deal with as follows: $60,000, as a Gual Dividend of $3 per Share, (making 16 for the year); $30,073 06 as Bonus on contributions of premia by Shareholden, and the balance, $50,000, to Reserve Fund, increasing this account to $700,000, which it is hoped will meet with the approval of the Shareholders.

In November last the Company arranged satsfactory terms with the Hongkong and Kowlo-

only regular Ferry line is between Bedder's Whart secured that Company's business, at present the and Kowloon Godowns.

The Company is receiving fair support in the general hiring business.

LAUNCHER

Mesus, A. G. Gordon & Co. Ld. have built and delivered to the Company the two Launches which are named " Perseverance" and Panctuality" mentiond in the last report, and they are found very suitable for the Ferry service and general purposes of the Company,

2. AIRECTORS...

*

Kwok Tre Chong and Chen Kam have been Mr. Alfred Woolley has resigned, and Messa, appointed to the Board, and their appointment requires confirmation, Mess. D. McCulloch and H. Holmes relire by rotation but offer them selves for re-election,

A. AUDITORS AND

Met Lyall and Downen retiro by rotation and offer themselves for re-election.

H. J. HOLMES,

Chairman, ⠀⠀

1889-The Balance at credit of Working Account at the close of this year is $244,085.53; which your Directors trust may be considered Dividend of $3 per Share out of the anticipated satisfactory. It is proposed to pay a First STATEMENT OF ACCOUNT 1187 DECEMBRE, 1889. profits, as hitherto

·DIRECTORE,

The Chairman said:-Gentlemen, the report and accounts have been in your hands for some time and before proposing the adoption I mhall be glad to answer any questions you may. wish to ask.

Mr. Siebe resigned his seat at the Board on The Company has been very unfortunate in having so many unexpected diff. his departure from the Colony and Mr. H. cultier to contend with during its first year and Hoppius was invited to fill the vacancy, Share though difficulties are, it would seem, fasepara. holders will be requested to confirm this appoint. ble from the early stages of all pianting Comment. Messrs. Michaelsen and Layton retire by panies, still this Company has perhaps had rotation and offer themselves for re-election, rather more than its share. The work of clear- ing the Estate was commenced in December

The accounts now presented have been audited

AUDITORS,

P. RYRIL

Chairman.

BALANCE SHEET, 31ST DECEMBER, Liabilities. Capital Account: Reserve Fund.............................. Accounts Payablo i

1888 and Mr. Kennedy and his assistant took by Messrs. Cor and Lyall, who are eligible for charge of the place in January 1889. In March re-election. of that year, progress in the general work was: being made, and the manager then expressed- himself as well satisfied with the soll, and to make sure of a crop for 1899 asked for a full *Labour supply, which was given to him, but in consequence of unseasonable weather and other causes the coolies suffered severely from sickness. There were many deaths and deser tions, and the physique of the coolies themselves Seems to have been inferior, consequently a large portion, say one third of each of the fields.. had to be left unplanted. This loss of coolios entailed's 'serious expense to the Company: In

Final Dividend for

1888 $ 60,000.00 Bonus for: 1888"and"

Sundry Debtors..............................*** Cash is Hand Hongkong Hotel 6 per cent. ...tures (13)uurlap WINABALUNWI Preliminary Expenses Account Cost of 7 Launches

Purchased Launches, Bonnie, Flo-"

wear and Patience Built for the Co. Prudence, Pros- partly. Perseuerante, and Pune-

Coal on hand..........

Cost of one Iron Safe Balance of Working Acco

Zlabilisier

400,000.00 Subscribed Capitals 700,000.00

3,000 Shares at $fɑ mor

of which $30 on each shape has Sundry Creditor RAPPETINI

sundries viti 37,671.34

97.671.36

/

Hight of the code.

It is believed that Norrie has been engaged in considerable land and other speculations,

COOLIE BROKERS VERSUS PLANTERS,

The Stralis Times publishes the following, translated from the Dell Caurant of the 29th January kind powerte aan te

|

|

valo, and among the evidences [domrades) {n="amis".""Werd", "not"

impression which foreign: science had

the Chinese official mind may be mentios establishment of Arsenals at me, principal which quickly followed the suppreskion rebelion, and whichs werni organised an by Macartary, Giquel; and other foreign

That the direct emigration from China to Dell would have difficulties to costand with, was ex- pected from the beginning, and it is easy tounder, and that the nearer succesi is being approach times ed, the endeavours of the poolie brokers to place

obstacles in the way would become more and And although; the precious oppo 4.413.07 mora unscrupulous. No one is indifferent to placing the goverment once for all

69,69 being deprived of profits for some time enjoyed, relation to foreign States Wart

and the unfair means which are now used to neglected; the fact remains ikat. place difficulties in the way of Dell-planters just temporary persoul influence over the 934-40 at the scoundrels--this is the expression of Mr. streammen of the day, was established-by

Pickering, Protecter of Chinese is the Straitsist foreigners in Peking, which, as far

the one who adopt them, imunita, rent, served to tide the government over. 48,705,01 for the direct emigration from China to Dell are diplomacy. There were at that time, during the

Noticing that the steamers which are employed critical period- of the infany" of its forel

securing a goodly number of coolles, the brokers last twelve months of the Emperor Hes- 1,361.98 appear to make it their business to smuggle fear's reign, and the long minority of his son w2010

35.00 among the coolies who engage themselves in and successor, Tang-ch-, statemen who goonki China for Dell, a number of hangston, who really be spoken with ne man to man, and bise 1,097,53

most diesíncily, declare before the Harbour; nesi could be transected on's 'bauls of douical

| authorities- in, China, that they wish to go to respect. Several catsen might be seal -hod for

Dell, but as soon as the voyage commences the non-continuance of this promising state! these hangers-on of the brokers manage by’dint | "adairt, but the only ong, which we need of persuasion or threats to incite the coolien to on the present occasion create disincbanees with a view to compelling and of ålen ya

the Capials to call at Singapore. When once "Arrived) at Singapore, (thère: En every chason; to get the polles to declare that they were deceived in Ching, and the inevitable conse esence is very ser loss to the "DİRDLATE "hich is the sole

of the brokers

number of foreign, legs.

the lime the varoja, pleasure in towardor

began:to

•fer

which bosalde at least by, the

Faę mienion: which was criticism and was frocly ibe merit of success, which ground of the attacks mado persuasion of Mr. Burlingame, os truth or not, induced, the es to make a complete change which was not inapily or as Hir. Burlingame termed, if the throat anguage, the system was dog dent of locally sores: an ashis, tutional, which was tha The Consuls, who were the former system, found their wildrawn,, and the gunbast gulet na musled dogs.siThi Consuls took place when, ta they were in the senith of theis hurst at angehow, Alabaster at and Gibson in Formoss had just ccesses which demonstrated the com of the gimboat polley, when the Was incontinently toppled off f by the eloquence of it. Burlingame. the comeditational treatment at the capital rement on the local treatment

waver, out

tise to walc