Intimations.
DAKIN BROS. OF CHINA,
LIMITE D,
CHEMISTS.
THE HONGKONG TELEGRAPH, THURSDAY, FEBRUARY 20, 1890.
THE New Shanghai Electric Co., Ld, are engaged in establishing an incandescent light service for indoor lighting. The installation is an the Mordey-Victoria alternator system, and the machinery used will enable the company to supply some 1,aco lights.
AERATED WATER MAPOFACTURES, tit foting, fade the best runs
WINE & SPIRIT
Selections from our Wine and Spirit List:- UNRIVALLED OLD SCOTCH WHISKY. A. Blend of the FINEST WHISKIES that Scotland produces Thoroughly matured,
Per bottle $1.
Per doen $10. Extra-A pure genuine grape spirit matured
.in wood.
- COGNAC.
Per doten $16.
Per bottle $1.50.
SHERRY. Amontillado, a natural wine, old bottle and bottled, dry, delicate flavour.
Per bottle $1.10
PORT.
Per dozen $12. Purple capsule, Tawny with age, fine bouquet. Per bottle $1.25.
Per dozen $14.00. CLARET, ST. JULIEN,- An excellent dinner wine,
Per dozen $8.00. (Telephone No. 60.)
Nos. 22 & 24, QUEEN'S ROAD CENTRAL (5
Hongkong, 17th February, 1890,
WINES AND SPIRITS.
BY ATROITMENT.
A. S. WATSON & CO., LD
(ESTABLISHED A.D) 1841.)
HONGKONG.
|
to the
THE P. M. S. S. Co's vessel China, which left
30th ultimo, made the best run on record to the fatter port, arriving there on the 3rd Instant jo- three days 23 hours and 41 minutes, averaging over four hundred miles per day.
H.E. the Viceroy Li Hung-chang celebrated his 68th birthday at Tientsin on the 28th ultimo, and all day a 'stream of officials of all ranks
poured into his yaman to congratulate him. The Shin Pao adds:-"Though on the verge of man's alletted years. His Excellency still retains a high. degree of mental and badly vigour, and bids Init to pilot the ship of Stale for another decade,"
MR. H. L. DANNYS wishes us in state that in a paragraph which appeared in last night's Telegraph we had no intention of casting any reflction on his personal capacity or as a solicitor. We are very glad to do so, and we are quite certain that Mr. Dennys' is the only person in the colony who could have to misconstrued the reference to which he takes exception.
THE Japan Mail says that another shipping disaster is reported. On the 27th ultimo the fishermen of Shimosa pat to sea in large numbers to catch bonito, a great school of which had appeared in the Kashima-ada. The fishing ground was about thirty miles from the shore, and the boats remained there all right. On the 28th a violent, gale suddenly sprang up from the north, and a great part of the fleet-some nreaunts say 30 boats-was driven seawards. Nothing has yet been definitely ascertained as to the fate of the missing boats and the six hundred men who formed their crews. The
7E invite atention to the following old effect of a northerly gale in the Kashima-nada
cellent quality and good value for the money.
The same being specially selected by our London House, and bought direct from the must noted Shippers, are imported in wood and bottled by ourselves, thus chibling us to supply the best growths at moderate prices.
In ordering it is only necessary to state- the name and quantity of Wine or Spirit wanted, and initial letter for quality desired.
Onlers through Local Post or by Telegram
to the bours
Bonin Islands, which there could be little hope of their making in safety.
In consequence of the total failure of the Man- chester gas supply, the Lancashire and York- shire Railway Company decided to light the Victoria Station with the electric light. "Within | six hours of the time the cider was given, the most important platforms were lighted, and the whole station was brilliantly light- ed with about 250 incandescent and a few are lamps within thirty-six hours. The current had to be conveyed for about a quarter of a mile, and all the necessary crcaits had to be rin. The whole of the installation was carried out by the Company's telegraph and electric light staff, there being only about ten men on the work. The new light has since been rune". ning day and night, and steps are being taken to 1.25 have the fight fixed permanently. - Electricion. |
receive prompt attention. PORTS. (For Invalids and general use.)
Per dozen
Case. Per Bot.
....$IO B Vintage, Superior quality,
Red Capsules. ..............................
A Alto Douro, good quality,
Green Capsule
12
C. Fine Ol Vintage, superior
quality, Black Seal Capsule 14. D Very Fine Oil Vintage, extra superior, Violet Capsule (Old Bottled)
SHERRIES.
A Delicate Pale Dry, dinner wine, Green Capsule.......... B Superior Pale Dry, dinner
18.
10
6
wine, Green Seal Capsule...7.50°-
C Manzanilla, Pale Natural
Sherry, White Capsule... to CC Superior Old Dry, Pale Natural Sherry, Red Seal Capsule.....
D. Very Superior Old Pale old Wine, Dry, choice
White Seal Capsule.........
$1.00
THE Chinese Time says:-We understand that
1.50 his Excellency the Viceroy hat sanctioned a new departure in Chinese education-that of physical training. The Naval School at the 0.60 Eastern Arsenal will soon possess a well equipped gymnasium, in which the future naval officers will leam the science of the "noble au,” fencing, and these other exercises which do so 1.60 much to developpluck and sell-confidence. This
0.75
10
1.00
is altogether as should be; the preposterous prac tice of supplying a fighting service with ohites as flaccid and effeminate as a pack of French boarding school misses may well be dismissed into the limbo of vanities. We have before expressed our belief that the poor physique of the upper and governing classes is responsible for much of the moral stagnation and intellectual poverty of China, Believing we do that mental and meral sanity have their ultimate Per Case For Cabases in physical healthiness, we gladly welcome
every attempt to further the latter. Qcarta.
E Extra Superior Old Pale Dry, very finest quality, Black Seal Capsule (Old Bottled)....
*** -14.
CLARETS.
dos,
1,52
■der, Play.
mm $4
$4.50
A Superior Breakfast Claret,
B St. Estephe, Red Capsule ... 4.50 -5.00
Red Capsule
C St, Julien
D La Rosc
BRANDY.
A Hennessy's Old Pale, Red
... 11
Per dox
Case,
7.50 12.00
Per Dot.
Capsule......
..$12
B Superior Very Old Cognac,
Red Capsule
14
1.25
C. Very Old Liqueur Cognac.
Red Capsule
1.50
D Hennessy's Finest Very Old Liqueur Cognac, 1872 Vin-
tage, Red Capsule ................................... 24
SCOTCH WHISKY.
A Thorne's Blend, White Cap-
13
sule
Watson's Glenorchy Mellow
8
Blend, Blue Capsule with Name and Trade Mark...... 8
C Watson's Abelour-Glenlivet, Red Capsule, with Name and Trade Mark.
CORRESPONDENCE.
We do not necesarily endorse the oplelons expressed by
Correspondents in this column),
GUESTS OR SUBSCRIBERS ?
TO THE EDITOR OF THE "Homoons TabeaRATH," SIR.In the reports of the recent libel suit Brandi v. Fraur-Smith I see that the plaintiff, $1.10 in trying to explain away the ugly fact that fra number of years-from 1879 to 1884-he had omilled to sign the Coffee Subscription Book at the Grand Stand, said he considered that Shanghai jockey were guests and were not supposed to pay any subscription. I wish to
Brandi say, Sir, that if Mr. 2.00 ever believed any such thing, he stood quite alone amongst Shanghal visitors. The name of all the Shanghai jockeys, Brandt's only 0.75 excepted, who have ever visited Hongkong, will be found enrolled year after year in the Subscrip tion Book,
Yous faithfully.
0.75
8
D Watson's H K D Blend of
the Finest Scotch Malt Whiskies, Violet Capsule ... to E Watson's Very Old Liquesr
Scotch Whisky, Gold Capsule 12, IRISH WHISKY.
A John Jameson's Old, Green
Capsule.....
8
B John Jameson's Fine Old,
Green Capsule.................................... to C John Jameson's Very Fine-
Old, Green Capsule..................... 13 GENUINE BOURBON WHISKY, fincold, Red Capsule, with Name. tó .GIN.
A SHANGHAI JOCKEY. Hongkang, 19th February 1890. 0.75 In the matter referred to Brandt trifled with the truth. When he swore that he considered himself as a guest and that he was not supposed to pay for his coffee, he unfortunajdy forgot that he had signed the Subscription book in 1877, also in 1885. and 1886.-Edi Hongkong Tigraph.]
1.00
1,10
0.75 THE HONGKONG FIRE INSURANCE
COMPANY, LIMITED,..
1.00
1,10
REPORT. The General Managers have pleasure in sub- 1.00 milling to the Shareholders ibe twenty-first
annual report of the Campany.
'.
A Fine Old Tom, White Capsule.4.50
B Fine Unsweetened, White
Capsule
...4.50'
0.40
0.40 0.50
C Fine A. V. H. Geneva.....5.25
RUM.
1888 Account--The result of the year's working shows a balance at credit of $245,618, which sum, with the approval of the Consulting Committee, it is now proposed to deal with as follows:
Accounts Payable:-
H
Sundry Accounts unpaid.........
,, Uncollected Dividend Account:—
Balance of this Account
Reserve Fund ------- Amount reserved from the Profits
of 1869 to 1887.ioonis 1,031,486.00 Working Account, 1888:- Balance froir last
Add
Account $376,787.88
Sundry Premis, &c., since collected 40,180.69
$365,965,57
Les-Losses & other Payments$116,59057 Remunera
tion to Consulting Committee
& Auditors 4.750.00
1
----$121,340.57
Net Profit for 1888 To Working Account, 1889-
Balance of this Account............
Cr.
THE CHINESE CREDIT SYSTEM.
46,971.30.
It is by this time well known to all the world 6582.14 that, at the Chinese New Year, all debts must be paid, in order that the debtor and the creditor may both begin the next twelve-month on a sure | and safe basis. This circumstance has attracted a great deal of attention, especially since China and the Chinese came to be better known by the people of the West, and it is not uncommon to se paragraphs in our home papes praising the Chinese custom, and recommending its adoptior in other lands. The real causes of the custom of paying off debtsat the end of the year are not so obvious at first that they will not bear explanation, and it is to this subject that we now invite attention, "There are three general causes for the existence of this usage, all of which ar imposant, and which combined form a three-ply cord, not easily broken.
By Bank Accounts, Government Bonds, Mort
gages, &c., Hongkong & Shang-
hai Banking Cor- poration, Current Account..........$62,518,63 Hongkong & Shang- bal Banking Cor- paration, Deposit Account ... 150,000.00 Chartered Bank of
India, Australia & Chia, Deposit Ac count
100,000.00
New Oriental Bank Corporation, Ltd. Deposit Account... 50,000.00.
1. Everybody owes somebody. Idle disputer occasionally take place as to whether it is a trubiul proposition that China is a rich country. 245,628.00 In one sense she is, in another and equally im portant sense, she is not rich, but poor. There 303,339.20 is a vast amount of property, but it is not well distributed, and strange to say, nobody has $1,034,016.64 enough. The conditions of life in China are so totally different from those to which we are no customed in our own lands, that it is hard fully to understand them. By far the larger part of the people are given to the culture of the soil which is as it should be, but of the farmer class it is true that they are often, if not generally, in debt. The reasons for this are manifold, but principally three. It is as necessary to have ready money to carry on a farm, as for other por posts, though not so much is needed. Ready money is hard to get, and must always be well paid for. Every farmer, like every other Chinese, is liable at any time to be obliged to expend sum equal in value to a considerable part of his farm, in carrying through a wedding in his family. Weddings can always be foreseen, but the drafts which they make on the family resources are very great. It must be a very small and unpre teniicus affair which does not absorb as much money as would buy two Chinese acres of good land, and it is possible that the value of ten acres will be required, and still there may be nothing to show for the expenditure, when the wedding is over.
Loans under deed of Mortgage, &c.,-
In Hongkong..................
760,000.00 $9,000.00 10,000 00
In Foochow........................ In Amoy...... In Shanghai.. 659,366.52 Ia Yokohama
9,500.00 Invested in Bonds,
Chinese Imperial Government Loan, 1884 Chinese Imperial Government Loan, 1886........ Shares in the China
Fire Insur, Co Limited
Cash in hands of General Managers
46.500.00
35,871.27
357.00
3,959-27
By_Accounts Receivable :--
Balance of Premium and Interest to 31st December................... By Steam Fire Engine Account :—
Balance of this Account...
$1,955.972.69
a
There is no Chinese so thick-
superintendent of the Arizona Mines, which are
all the rest, and a shrewd debtor may possibly held within four months of the registration escape from them all by playing off one against of a company, and we shall take advantage another. It is greatly to the interest of all of the opportunity to bring before you also carties, créditor and debtors alike, that no claim some other matters," which I will explain to for debt should get into the courts of law. you more at length by-and-by, so as to save our for this would mean that not only the amount having to call you together again. Fersonally, in disouto, but all the rest of the property I am glad of the occasion, for not only can of both parties, would be la danger of being | inform you that the mines Have been legally wasted, and to end in sight, until their transferred to us, that our share capital may be means were exhausted. For these reasons, well considered as all placed, and that we hope, at debtor to represent that he is harassed by im-quotation; but, having visited the mines since Understood by all concerned, it is the dir of the no very distant date, to obtain a Stock Exchange
portunate, creditors to such an unreasonable
the alidiment was made, I can lay before you a extent, that he knows not which way to turn.
few remarks which I think you willconsider highly all," might be said to be the motto of the Chinese in the formation of the company, and having in- "Have patience with me and I will pay thee satisfactory. Having taken so prominent a párt
all parties that this forbearance must be sought it, I thought it was my duty to visit the mines a in the 12th moon. But it is well understood by duced samany of my friends to take an interest in
on who has failed to meet his engaments in a manner of due humility, as becomes a per- second time to satisfy myself as to the develop- ments we bave heard of as having been unde by (albeit every one knew beforehand that he would Mr. Farrell before our taking them over, as to sil to meet them). For a debtor unable to
the promise of the future, and how to set to work pay, to adopt a lofty tone, especially to use bad language, is a most unpardonable offence,
to bring our enterprise speedily to a paying issue, and I am glad to say that on all these points I and is a frequent cause of violent fights. If the can give you a most cheerful report. Thanks debtor is a prudent man, he will be dosbly to Messrs. Matheson's permission, I arranged careful what he says in the tath, moon to a with Mr. Thomson to accompany me. Mr. creditor, who is already in the temper of a
Thomson was mentiqned to you in our pro- she bear in dasger of permanently losing her spectus. He is a miner of very large experi cubs. The judicious debtor, we need not say,
ence, and one of the first experts in the will use the softest of words, an abundance of reduction of ores. Unfortunately, shortly after them. He will positively pay at a very early our starting to return, Mr. Thompson was day in the New Year, would have been able to taken ill, and has been confined to his bed do so now, had it not been for a train of wholly
ever since, so that the report he promised, and unforeseen circumstances utterly beyond the which I had hoped to lay before you on this power of man to prevent. He can also bring to occasion, must be postponed for the present, and mutual friends, who will bespeak forbearance on tear upon the exacting creditor the pressure of 1 hope you will allow me-remembering I am not an expert to explain to you the impressions grounds of general policy. But the Chinese took away from the mines after the various fong ago made the discovery that fine words conversations I had with Mr. Thomson. I have butter no parsnips, and they take premises to also the advantage of the opinion of Mr. Ferrie. pay at a very liberal discount, and for an excel- Mr. Fenle is a friend of Mr. Thomann, and the lent reason. skalled and so dall-witted, that he cannot give situated about 24 hours journey from our own off-hand a variety of reasons why his debt works, and he agreed to accompany us. We cannot be paid to-day and now, but can asked him particularly in order that we might be paid to-morrow, or at the next fair- avall ourselves of his experience about day. In ninety-nine cases out of a hundred the construction of our railway, for not (by "careful estimate for the whole empire) the only is be a superintendent of mines, but creditor debtor sets hit wits to work to invent new and constructed the railway from Lesborough
compelled to call again, then the a practical engineer, and he planned out- occasions for begging for a writ of nolie prengui. Town to the Arizona Copper Mines, a dis If the creditor were to relax his hold, and cease tance of about 74 miles, which is working most to press his claims, that would be the end of satisfactorily through all that large mining dis- them for an indefinite period, perhaps forever, trict, and on very similar ground, and in a and this be knows as well as any one. Therefore, similar style to that which we wish to adopt. once having taken hold, he keeps his grip, like Weil, we arrived at the mines on November 23, the jaw of a ball-dog, till he gets his pound of and there we met Mr. Farrell and our superin- flesh. Etemal vigilance is the price at which tendent, Mr. Whyte. Imuris, perhaps it may be this is to be won, eternal vigilance is what
as well to explain to you, is a small town of the Chinese creditor has a large supply of about 1000 inhabitants, not seven miles from our To avoid the creditor altogether is, as we mines. It is situated on the Sonora Railway, and have remarked, a prime object of many goes to Guymas, and is 125 miles from Benson, debtors during the trying period which follows the junction of the Southern Pacific line, which the winter soluice. Many are the individuals runs onto San Francisco. The first step we took who feign sickness, and who cannot therefore be
was to select a spot for the erection of our milk seer, who do not venture on the street for many
This we found about two miles distant from Imuris days before the close of the year, and who live station, and a few hundred yards from the River in fact the life of thieves, until just at the close. Magdalena, quite proximate to the Sonora Mine, of the last day of the year. Then they emerge which promises to run a siding into our works from their obscurity in time to get their heads as soon as we are ready. After going very thaved for the New Year, and have the keen carefully into the expenses of the mill and the joy of knowing that they have eluded the vigil necessary plant, it was agreed both by Mr. ence of their remorseless focu. Even if they Thomson and Mr. Ferrie that a sum of $65,000 should be found at this eleventh hour, it would should enable us not only to put up the works be plainly impossible for them to collect the sum
necessary for tresting 100 tons of ore a day, but which they owe, which must perforce go over
to have the milf so constructed that we could Into the next year, they have all the time increase it later. In the meanwhile Mr. Daley, intended that it should. The closing days who had preceded us, was surveying the line of the Chinese year are like a dangerous cozat,
for our road. That gentleman, I may tell you, on which it easy, to be wrecked, but the
was ales connected with the faying down of the skilful navigator who escapes the rocks and Arizona line. We subsequently went over the shoals, finds a safe and commodicus harbour ground, and, with a few alterations, agiced to to reward his skill. By this we mean, that what he planned out the Chinese debtor who succeeds in evading. or parrying the claims of his creditors for the critical epoch to which we have coufined our attention, Ends a city of refuge, in which for the time he is safe." On New Year's day, or one soon after, he may possibly call upon his creditor, or his creditor may call upon him. Each is arrayed in his best, and cack is full of po lité phrases. The creditor may be inwardly swell ing with wrath and fury, at the thought that this cunning wretch did, after all the pains taken to prevent it, make his escape. The debtor may be full of smiling self-complacency to think how well he played some of the numerous tricks of the season. But neither the one nor the other would ever dream of alluding to such affairs at this festive time. Business is taboo, contraband of war, interdicted by the law of the realm, and 10 the creditor is out upon another stadium of his existence, the fangs of the adversary whetied in secret are restrained from the flesh for the time, and he walks the earth with a sense of inconstraint to which he has long been a stranger. The deliberate opinion of many a Chinein in regard to many another of the same race, is aptly embodied in the remark of dying Hibernian who was asked as to his. belief." Me belafe is it ?" said he, “bedad, it's. the same as the widow, Maloney's all along, as owes her a sixpence, and she belaves she'll siver git it, and I'm of the same belafel-N| C. Daily News
The case is still more urgent in the matter of funerals, which can not be predicted in advance, and which require expenditures large in pro portion to the age of the one to be buried. The old grandfather of grandmother must have funeral obsequies laid out on a certain liberal scale, quite inespective of the means of the survivors Whether they can afford this expense never for a moment enters into the calculation of any one If nothing else can be done, then some of the land must be mosgaged or sold, often with the almost absolute certainty that there is no rational prospect of redeeming it for a generation to come, if ever. Cases occur in which the pressure for a respectable display over the dead is felt so strongly, that the house is pulled down 71,29393 over the heads of its occupants, that the timbers may be sold, and the proceeds, devoted to a 6,750.00 showy funeral If the demands of the farmer class for ready money are such as to lead them into chronic borrowing, the same is still more tue of the vast army of persons who are the small traders, and who do business on very narrow margins- They ...nnot do business at all, without frequent lifts from outside in the shape of loans, all of which must of course, be well paid for out of the profits to be made. This is a case of what the proverb calls pointing to (growing) millet, when making to borrow rice; if the millet bis, then tuin impends. In any case borrowing is the normal 162.02 condition of the man who has small commercial ventures, and the last half of the 12th moon is, $494,034-19 the winter of his discontent, as well as that of a great portion of Chinese society, This leads
$2,034,016.64
WORKING ACCOUNT 1889. Dr.
To Premium Account
Balance of this Account... To Interest Account :--
...$370,080.63
Balance of this Account............. To Transfer Fees Account :-
Fees collected during the year...
Gr.
By Charges Account,—
Salaries of Assistants, $8,000.00 of Surveyors in Hongkong & Shang- bai...! 2,233.33 Rent of Offices,......... 2,800.00 Solicitors' Retaining
Fees...... Stationery, Printing. Advertising. Wages
283-33
of Shroffs, c. 5,733.71 Charges including Sa
laries and Rents, &c.,' appertaining to Agen
cics in Great Britain, 30,422.89
-$
By Re-Insurance Account---
Paid for Re-Insurance during the
year,
By Exchange Account,-
Balance of this Account
By Account of Losses,-
Paid for Losses and Claims, By Fire Brigade Account:----
By
For one-half Share of Brigade Expenses at Hongkong and the Branches, viz.: Shanghai and Yokohama .......................................... Commission Account;
Commission to General Managers and Agents on Premia collected............ By Balance transferred as above...
120,793 56
us to mention
II. The necessity for short settlements. I is proverbial in Western lands that such settle ments make long friends, but this is not the case in China. But that they are necessary arises from the conditions already named. The balance which any particular person carries is too small, to allow him to leave it out of call for more than a few months at a time. What is true of him, is true also, of his creditors and of his debtors, who are at the same time the creditors and the debtors of other hosts of people. The 12th moon, especially in its closing days, thus becomes a kind of clearinghouse for the whole Chinese people. Everybody must pay somebody, in order that everybody else may pay somebody else. This is no more to be resisted than is the march of the seasons, and no one expects to resist it. A large part of the business of the 38,157.23 last weeks of the old Chinese year, for any particular Chinese, consists. In pursuing some 833.82 one who owes a debt, and at the same time endeavouring to keep as much as possible out 55,613.46 of the way of some one else who is after this
49.475-26
same pursuer.
Fer, III, Na ont will pay a diit, until helt forced to do so. There may be some historic exceptions, though we do not meet them, nor 6,147,33 indeed hear of them, but the general rule appears
37.457.89 303 349-20 $ 491,634-12
E. & O. E, Hongkong, 18th February, 1890, !
JARDINE, MATHESON & CO, General Managers,
We have examined the Books and Vouchers Statements are in accordance therewith. of the Company, and certify that the above
G. 8.. COXON,
Auditori F. HENDERSON,{ Hongkong, 18th February, 1890,
if true.
TIENTSIN.
|
There can be no difficulty la the construction of the line, and only one bridge will be necessary; but the grading is rather more than we antici- pated, and will averago about & per cent. This, and the fact that by that time we had all unani- mously arrived at the conclusion that we had a much larger prospect befora' us than we fint atarted with, decided us to expand our line somewhat, and in place of the small railway we contemplated of 16 in., and very light, bave e 24 in. gauge and 24 lb. range, which will enable us to carry not only the supply of ore we had promised, but if further mines were opened out, which it is more than probable may be done, able to cheapen our work. Mr. Ferric, after going carefully into the matter, assured me that four miles in the early part of the work would be at- most on the level, and that we should have no difficulty in having the road constructed at a cost. of $6,000 a mile. This, with two good locomo- tives and the necessary stock, I put down to cost us about $90,000. I have in my hand a plan of the line in a small way, showing the connections of the line, but I hope shortly to have a more detailed plan, and also of our mines, which will be submitted to you, Our next move was to examine the mines in detail, Already threat good stone houses existed, twoclose to the Sheba, Mine, and one a quarter of a mile distant, built for the superintendent; so we took our quarters up on the spot. We first visited the Imuris Mine, our fur thest possession, and there can be no doubt, not only that the developments done are very consider able, and all the ore represented to us to be- there is there visible, but also that the work has been done in a very scientific manner, which reflects great credit on our superintendent, Mr. Whyte, Mr. Thomson's remarks to me were
You have here a large property, with as true a fissure vein, as I have ever seen, from z ft, to 4 it. thick ; it continues and can be traced on the aurface for 3000 ft and has been proved at a depth of 400 ft, which justifies you in proceed. Ing at once with the construction of the rail way and spending money on your mill, and you should prepare for a considerable extens dign, 1, if I'am right in my opinion, there la promiis of a further development into a very large Concem (Applause)- Those were the words housed to me, At the Sheba Mine the develop ments have not been an. Large, but the promise is also good, although the lode is smaller-kere
most certainly to be that even, if a Chinese har the money by him, and can pay a debt'as well as not, he will not do so. To us it seems natural.
The river is still unfrozen, and, it is said by that an honest man, who is owing a sum, which he is certain to pay, and can pay now as well as competent authorities, will not freeze this winter. at any time, should wish to pay it now, in order There is plenty of drift ice in the river, but the to have it off his mind. But that is not the Bar is quite clear. The latest advices from way in which the mind of the Chinese works, Newchwang were to the flect that the river He is not worried by his debts, and by hit menal, fun, which is certainly pheno: creditors. It popular saying that when insects abound in one's clothing, one
The open rink has proved a success so far. ceases to scratch himself, and when debts Skating up to two or three days ago has been are numerous, and does not trouble himself better than for several years, and is the favourite about them. For many Chiness the only way recreation of the community. The ice is now to pay off their debis is to do as Chancellors of not so good, but a cold wind and a little attention the Exchequer and Secretaries of the Treasury are all that is needed to improve it. do, re-fund them. But while a nation, the credit At the inquest held on the body of Mr. AJ of which is unimpaired, can re-fund its national M. Smith, on Saturday the 25th January, by debt at a lower and lower rate of interest, the Mr. T. L. Bullock, H.B.M. Consal, and jury poor Chinese can only re-fund bis, at a rate the facts were found to be that Mr. Smith "bad it ka tola, to a ft. but the ore is better, and I Finest Old Jamaica, Violet
which is increasingly great. Three and a half been ill since Monday, the 10th, on which day think it will do very well. At the San José Capsule.................. 12. - 1,00
per cent, which is supposed to be a moderate he had been administering drugs to himself there are five distinct lodes visible, and we have BRITISH NORTH BORNEO. Good Leeward Island...$1.50 per Gallon,
rate for the loan of a single month, la so vast a which, however, was stated to be not an unusuri | attacked there. Gold has been found, and from drain upon the resources of any Chinese, that it thing with him. On the morning of Friday, the | several analyses taken, we find it averages, go to Maraschino
Baron de Lissa, the pioneer planter of British is not to be wondered at that all Chinese appear 14th, he was much better, and was waited for at 1 oz. to the ton, and there is also silver and Herring's Cherry Cordial
North Bornes, arrived in Sandakan by the Flint to be in debt. How many of our readers would breakfast by his wife and brother-in-law, when copper. At the Ophir Mine nothing has been Chariteuse Dr. Siegert's Angostura The General Managers and Consulting Comshire from Hongkong on the 16th January, after be able to support their present establishments, two reperta were heard, and he was found in bis dont perond the work necessary to keep our Bitters, &c.mittee are satisfied from careful valuations mide an absence from Bomeo of over three years, Lefort! eyear to come, ifthis must be done on money bath room, with's bullet through his brain, and mining claim, and I do not think it is likely for by the Company's Surveyors in Hongkong and beving gone to England with Mr. W. H. Treacher, borrowed at thirty-six, or perhaps forty-two per a revolver on the floor. He lived till one o'clock, long period to come that we shall have to turn our late. Governor, in April, 1887. The Baron cent? Yet this is the condition of all the Chinese but speechless and unconscious. The verdict of Shanghai that the properties held, by the Com
would have arrived before this, but was that borrow at all in a small way, often of those the joy was that Mr. Smith had taken his own work in hand. unavoidably detained by illness in Hoogkong, who borrow on a larger scale. is the case with life while in a state of unsound mind. –Chinese CONSULTING COMMITTEE,
It is his intention to revive the sugar industry our cocki, with our boys, our coolies, and a Timer in the country, as also the timber trade with horde of persons who are in league with them. Australia, which be inlisted five years ago. A We often indelenly wonder they can be wanting steamer of the Eastern and Australian Com so much money for all the time, but if we could pany's fleet (the Menmuir) has been chartered to call in at Sandakan, in route from Port Darwin.
LIQUEURS.
Benedictine. Curaços
Reserve Fund..............................................₫ 24,563,00 Bonus to Contributing Shareholders 37,065.00 Dividend of $13 per Share *** 184,000.00 $245,628.00
· MORTGAGES.
The Hongkang Celegraph pay are ample reunity for the sivas de mate
HONGKONG, THURSDAY, FEBRUARY 20, 1890.
LOCAL AND GENERAL,
A HOG belonging to the gist Regiment was sen- tenced to six months imprisonment this morn- ing, for indecency.
MESSES. Adamson, Bell & Co., agents for the Canadian-Pacific Line, inform us that the steam- abip Batavia left Vancouver for Japan and China pa Tuesday morning, the 18th lust.
We are informed that the Committee appointed to arrange for the reception of the Duke and Duchess of Connaught have submitted the pro- posed programme, by telegraph.. One of the functions planned is the laying of a Praya Reclamation foundation stone.
Mr. J. F. Holiday having left the Colony, the Hon. A. P, McEven has been nominated to the vacant seat, and his appointment now requies to be confirmed. The present members, the Hon. G. P. Chatt, Messrs. I. S. Moses, §: G. Bird, and T. E. Davies offer themselves los re-election.
AUDITORS.
•
The accountinow presented have been audited by Messrs. Fullarton Henderson and G. S. Coxon, and their re-election as Auditors of the Come pany is recommended.
THE IMURIS MINES
get access to a tabulated statement of income THE CHAIRMAN REPORTS ON HIS VISIT TO THE and outgoings of any one of these humble MINES, AND MAKES AN INCOURAGING A Individuals, our ignorant wonder would cease at
STATEMENT." once, and we should rather be surprised that they are as honest as they are.
ད
An extraordinary general meeting of the Imurs We have spoken of the double anxiety of Mines Limited, was held on January that
our attention to that, as we have quite enough
To sum up, gentlemen, I think I am not taking too sanguine a view when I tell you that as the mies now stand we can readly obtain 50 tons of one a day from the Imusla and Sheba, and 15 tohs of are a day from the San José, which, according to Mr. Thomson's estimate from the treatment of 10 tons of our ore, which he says is „Identical with what we have there, should yield us, at all events, not less than 200 a day profits and I do not see why, with a little further deve- lopment, we should not increase the quantity
# of ore invailable to 100 tons a day,
not more.
The Chaa-Borneo Company having made an agreement with Lloyds Agents to undertake the salvage of the cargo the steamship Benmors. stranded on Laggan Island, near the mouth a Chinese in the rath, moon to find some ens Winchester House, Old. Bro d-street, London, of the Labuk river, have been busy during else, and not to be found himself. But no EC, for the purpose of complying with the (Chees) Mr. Ferris and Mr, Thomsen over and the early days of January at the scene of Chinese Is so unsophisticated as to suppose requirements of the Companies Act, and of over again repeated to me, “You have got a much the wreck, We understand · that a con- that the mere finding of a man who owes making some additions to the articles of larger property than we had ever any idea ofƒ” siderable amount of cargo has been safely him money is guarantee that the money association. Mr. James Whittall (the chairman nothing but bad management can prevent its brought into Sandakan in lighters towed by the will be got. Anyparticular cred for hunting any of the company) presided, today then becoming a great success.” I can assure you! China Borneo Co.'s steamer Normanhurst. A particular debtor will find that he is himself The Secretary (Mr. James Hope Jackson) "gentlemen, we will do our best that it shall be parcel of copper coin valine $5,000 was: aaved, anilcipited by a swaren of other creditors, hunt, having read the notice calling the meeting, and so, o Hefore retorning, I did all that could be c This was the property of the North Bordio, ing this same game. These hunters will by to The Chairman; said; Gentlemen, you have done to hasten, in a proper way, the construction Government and was we beliere insured. Soms means, poɔl their issues?, and combine":"On ths | heard the notien read calling you to meet us here of the 'riilway and mill, and I am glad to say of the cargo, notably the caffes and nutmega, was contrary, each one of them will endeavor to gain 10-day to comply with the Companies Act, which that, since we have arrived here, we have 400,006,00 | much damaged by sea water-Herald, s some advantage for himself at the expanse of a directs that a statutory meeting shall be / received a telegram stating that the Governor of
JARDINE, MATHESON & CO. General Managers, Hongkong Fire Insurance Co., Ltd. Hongkong, 18th February, 1892,
BALANCE SHEET, 31ST DECEMBER, 1889, Dr. To Capital Accounts
Paid-up Capital on 8,000 Shares".
at $50 per share..
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