1890-06-26 — Page 2

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SUPREME COURT,

IN SUMMARY JURISDICTION. (Before Mr. A. G. Wise, Acting Puitne↑

Fudge.)

June 20th, 1890.

INTERESTING TO BROKERS..

In the case of J. M. Castro Basto. v. H. A. Shirazee, in which plaintiff claimed $437-50, difference on shares,

THE HONGKONG TELEGRAPH, THURSDAY, JUNE 26, 1890.

in this, colony with all the necessary meerival. į and a large portion of the gang went into in referring to it in connection with his various faction is with the present rate of pay, with which

Mr. France, in opening the case for the appellants, said there were three grounds upon which the appeal was based. The case arose from the fact that for the first time in the history of the colony, an attempt had been made to assess rates upon the Gas Company's mains. In order to show how the jaw should read upon the subject he would ask his lordship to suppose for a moment what the result would be if Mr. Cross, the Company's manager, had just arrived for starting gas-works, and selected, upon the present site occupied by the Company at the extreme western end of the Praya. What His lordship delivered the following judg-would the owners charge, him for that site with ment:This is an action on a contract for the buildings thereon? No matter what figure they le and purchase of certain shares. Plaintiff charged, and it was reasonable to conclude that was the broker for the vendor, and defendant they would charge no more than the proper market value of the property, the price was the broker for the purchaser, and both signed for the concerned." A preliminary paid-ils current market value-would be the objection was taken by the defendant's solicitor, sum assessable. At one time the Company was charged upon $5.000, and of late years upon Mr. Hastings, that it was apparent on the face of the contract that plaintiff was acting as $3,950, which latter, owing to the enhanced value of property in this colony, was probably broker, and not as principal, and therefore was not the proner party to sue. Mr. Wilkinson, on correct, and it was possible that no question the other hand, contended that in accordance would have been raised about it this year had not with the custom in Hongkong, brokers who the Government tried to assess on the Company's signed "for the concerned" considered them mains. Any land, with or without buildings, was selves liable, and therefore had a right to sue, considered as a separatetenement in a strictly legal Even if Mr. Wilkinson's first proposition were sense. But as regarded the Gas Company they right which, I take it for the purposes of this simply had the right conceded to them by the cate, it is not necessary to say-I do not see Government to lay dowo pipes. This did not that he has a right to sue. The case is dismissed, partake of the nature of an easement in any shape or form, The mere right to lay down with costs.

pipes did not constitute a holding, and the be considered OLS Company could not holders of the land through which the mains No one wou'd give ten cents for passed. the company's business if it were shown that it did not possess the right, free of taxes, to lay its moins down in any part of the Colony The Government had no more right to assess an the property of the Company, i4. the land through which its mains passed, than it had to charge taxes upon wharfs and piers. Easements were not to be taxed unless power to do so was expressly contained in the Ordinance, and as no such power was contained therein. it was evident that the Legislature had deliberately omitted to inser

TRADESMEN'S DERTS.

E. B. Wolff was sued by Mr. Robert Lang for $74, for goods supplied. Defendant did not

appear.

He was also sued by Mr. J. Rosselet for $61, due in the same way, and by Mr. D. Kennedy

for $125, for milk.

Judgment was given for each amount,

June 23rd..

ANOTHER CHARTER-PARTY CASE. Yik Hing Tal sued Messrs. Lauts and Hacsloop, of Swatow, for $575, due for (allure to carry out a charter-party. Mr. Mossop appeared for the plaintiff, and Mr. Gedge (of Messrs Johnson, Stokes, and Master) represented the Befendants.

The case was commenced on Thursday last, when it was stated that the plaintiff chartered the steamer Picciola from the defendants through Mr. Lamke, for $5.500. She was to load beans at Newchwang, for Hongkong. Mr. Lamke told plaintiff that 10,000 piculs could be loaded

such a newer.

Mr. F. W. Cross was then called. He said I am the manager of the Gas Works, and bave been here three and a half years. We have never been assessed on our mains until this year, when Mr. Chapman claimed on the pipe-line... We occupy two Marine lots at Lap-ap-wan, with an area of 63,000 feet, number of buildings thereon, in connection with the works. The valuation this year-$8,850

There are a

The communication made to the men by Captain McEuen last night was debated by the strikers, and they ultimately asked to be allowed to defer their answer until it a.m. to-day, as they wish to consult the British Consul-General before finally replying, The Council's terms are quite reasonable, and it is to be hoped that the men will accept them, as their dismissal means loss to the ratepayers of about fifty pounds sterling a man.

once. He observed that the prisoner and his contributed no less than eleven hundred thousand special meeting of the Council was held at 4 men carried swords and oil torch-lights in addi- dollars. On another occasion Houqua wasp.m. yesterday, at which it was decided that tion to revolvers, and that several of them had mulcted to the tune of a million dollars on the Captain McEuch should inform the strikers that pick-axes on their shoulders. They were not requisition of the Viceroy, to pay off the debts if they agreed to return to duty their action properly dressed; some of them wore costs, but of three members of the Co-long to foreigners, should be avertooked, and the Council would most of them simply wore trousers hung loosely For the following references to this Chinese undertake to investigate the whole question round the waist. He promptly led them to the worthy, we are indebted to the author of that most before the next ratepayers' meeting but if once dismissed. There is no doubt that the stmag-room, which they commenced to hack at interesting work, "The Fan-Kwae at Canton they refused these terms they would be at "The amount of Houqua's fortune was fre complaint about the rate of exchange is not much with their pick-axes, and they burst it open after before Treaty days

more than a pretext, and that the real dissatis- working for about half an hour. As soon as the double doors were broken open, the prisoner quently a subject of debate; but on one occasion, the strong-room, taking witness with them. Investments in rice fields, dwellings, shops, and the men have been more or less discontented serve now six hours a day, and Captain McEuen, They looted the place and carried off about the banking establishments known as shroffs, ever since the reorganisation of the force. They $10,000 worth of articles which he held as, and including his American and English ship

millions of dollars. Assuming the purchasing they should be on service eight hours and receive security for advances at various times. As far ments, he estimated it, in 134, at twenty-six we understand, suggested some time ago that tacfs instead of dollars, which the men would hours as he could remember the thieves were about two

In the strong-room, and would not allow power of money at that time as being but twice him (witness) to leave it at all. When they greater than at the present day, it would now like. Captain McEnen also suggested a sliding represent a sum of $52,000,000. He was a per-scale of pay, which would give the men some- took their departure the thieves fired off crackers, Including himself there were five persons in the son of remarkably frugal habits (as regards his thing to work for; and the public will bear with taken into serious consideration by the Watch house at the time of the burglary. One of his emstyle of living) from choice and from being of a satisfaction that these suggestions have been playeés, Chay Lau, ren up to the roof of the house feeble frame of body. His generosity was and beat a gong for the purpose of raising on boundless, and la accounts he was singularly Committee. alarm and gathering the villagers together to methodical and precise, never multiplying them assist in driving away the robbers. His writer, beyond what was absolutely necessary. The two or three rooms which he occupied during named Chu Hao, always kept the keys of the safe and the strong-room, which latter was situated hours of business in his vast, well-regulated "He withdrew from general business with the behind the counter. It was 28 Chinese feet Hong were furnished with simplicity itself. #quare and built of brick. The wooden double- doors of the strong-room were fastened from foreign community after the Honourable East the inside with strong iron bars. The burglars India Company left Canton, and confined him came in through the front wall by breaking self exclusively to the house of Messrs. Russell and tearing down the wall until they had & Co. Through them his foreign business was ade a bole through which several of them entirely managed. His yearly shipments to Lon- crawled, and then opened the door to let don of those celebrated Chops of Conge, grown the others in. The prisoner was the leader of on his family estates in the Woo-E country, the whole gang. He judged him to the leader were well known and appreciated in the owing to the fact that he was the first to strike English market. His transactions were on a with a pick-axe against the wall of the strong very important scale, and he entrusted them to wore blue trousers, a jacket cast loosely about his carried out, with the well-merited confidence room. As far as witness remembered the prisoner his Canton agents, through whom they were shoulders, and a waist belt with large pouch which they inspired. They embraced England, attached thereto. It appeared to bim that the the United States, and India. As another gong was sounding for fully half an hour. He illustration of his generous nature, I may refer did not know what assistance the villagers gave, to an affair that took place nearly fifty years ago, because the burglars kept him in a corner of in which his orders were not complied with. We the sitting room all the time that they were had shipped a cargo, principally of raw silk in possession of the house. While in this belonging to himself, which he had ordered from unpleasant position he heard several gun or the silk country. It was sold at a large profit, pistol shots. After the thieves left he heard His instructions were that the proceeds should that a woman, named Che Chung See, and a be returned in East India Co. hills on Calcutta. man named Cheung A Kut, had been shot by the To our surprise and his disappointment, the robbers. He saw the woman's corpse in the result of the sale was invested in a cargo of road near his own door. She had been shot Baitish goods. It was as injudicious an arrange: ment (free trade then beginning) to ship largely saw the body of Cheung Akut lying in the street, of English manufactures, as his own shipment through the stomach. In addition to this he

was sagacious, for but little silk was exported shot through the head. The deceased were fellow villagers of his. As near as he could immediately after the opening of the trade. The

TIENTSIN.

June 14th, 1890. The son of H.E. Li, Viceroy of the Two The rumour published in our last issue that Kuang, has gained the degres of Hanlin. Total Chu, the late Director of the Jeho Silver Mines, was appointed as the Chinese Resident to Corea by Li has been contradicted.

The Northern Squadron has arrived at the outer anchorage, and Admirals Lang and Ting are In Tientsin.

Locusts have made their appearance on the northern bank of the Feiho. The natives say that unless the former rains are adequate for the early corps, locusts always appear as a climax to the drought. Rain has not been pleatiful this. year, and the presence of the pest is put down to

at cause

A report reaches us from Mangolia to the effect that the rumour of the Prince of Alasban having entered into an agreement with a foreign firm to sell them the produce of

Early in the week buyers predominated, and a good many cash sales were booked now obtainable at 88: at 88, 89, and go, but a reaction set in and the scrip is Kowloon Land shares are freely offered at 17.

The Peak Hotel Co.'s stock has changed hands at 10, and shares are still offering at that figure.

The appended list gives latest market

rates.

CLOSING QUOTATIONS. Hongkong and Shanghai Bank-195 per cont.

premium, sellers." Unton Insurance Society of Canton-$98 `per

share, sellers.

China Traders' Insurance Company-$70 per

share, sellers, North China Insurance -Tls. 340 per share,

sellers. Canton Insurance Company, Limited-$115 per

share, sellers. Yangiare Insurance Asiociation-Tis: 84 pcr

bare, sellers.

On

Tal Insurance Company, Limited-Tis. 150

per share. Hongkong Fire Insurance Company-$3571 per

share, buyers." China Fire Insurance Company-$84 per share,

buyers.

Hongkong and Whampoa Dock Company---$56

per cent, premium, bayers. Hongkong, Canton, and Macao Steamboat Co.

-$37 per share, buyers. China and Manila Steam Ship Company---103

per share, buyers. Hongkong Gas Company $135 per share, sellers. Hongkong Hotel Company-$10 per share,

sellers. Hongkong Hotel Co.'s Six per-cent. Debentures

cor.

Steam Navigation Company, Liraited 25 per cent. dis, sellers. 'ndo-China Douglas Steamship Company-$54 per share,

buyert.

China Sugar Refining Company, Limited-$167

per share, sellers. Luzon Sugar Refining Company, Limited-$87

per share, buyers. Hongkong Tee Company-$95 per share,

sellers.

-$80 per share. Hongkong and China Rakery Company, Limited Hongkong Dairy Farm Co., Limited-$10 per

share, sellers.

A. S. Watson & Co., Limited-$21 per share,

buyers.

1984 B--28 per cent.

within the bar. When she had taken in 17,200 is excessive by $3,000, unlers the value of the Bay, the robbers were in possession of bla house result showed a difference of many thousand his territory in camels, sheep, and goats' Chinese Imperial Loan piculs, however, Captain Nissen stopped the plant is included, We have never been assessed for two hours and a half.. The prisoner was dollars to his detriment. On the deviation of wool, skins, and hides for a period of ten

loading, being afraid that she would not Plaintiff therefore claimed cross the bar,

damages in respect to the other 1,800 picuis.

For the defence T. Nissen, master of the Picciola, raid-It was very early in the year to be In Newchang; the port was open unusually early. On the day we left the tide on the bar was 17 fect. That was about 6 30 p.m. We had loaded to 16 ft. 6 in. The order I got from the pilot was 16 ft. 4 in. I know we I did not had not a full cargo when we left. know the quantity, but I had an idea it was about 17.000 piculs. The plaintiffs agent said I should have to leave that day. I took all the cargo that was brought to me; I did not refuse any. It is not a fact that there was any cargo boat alongside with cargo. I did not tell the Supercargo that I would beat him if he loaded any more. I only told him to load the ship down to 16.6. The agent never said I ought to take more cargo. If I had stayed a few days more I should have been able to take more cargo, but the agent told me to leave that day and get down to Hongkong as quickly as possible." It is untrue that ever I asked for a present from the plaintiff.

Mr. Gedge urged that the contract laid down that the vessel should load about 19,000 piculs," and therefore left a margin for contingencies such as that which arose,

On the case being resumed this morning Mr. Lamke, broker, sald that at the time the charter party was drawn up nothing was said

about the vessel taking 19,000 piculs over the bar at Newchwang. There was something said about-it,-but-in-the end plaintiff_sald "Oh! I know what she can carry-I've chaitored her before." Witness voluntarily added to the charter that she should take about 19,000 piculs, but gave no absolute guarantee.

After addresses by Mr, Gedge and Mr. Massop His lordship, in giving his decision, said the charter set out that 19,000 piculs could be loaded inside the bar, and it was shewn that only 17,200 were so loaded. On the plaintiff's part it was contended that the words "of which 19,000 piculs can be loaded inside the bar," &c., were words of contract and guarantee. On the other hand the defendants submitted that that was simply a phrase of expectancy. Most of the arguments of counsel had been directed to that point, but It seemed to his lordship that it was not at all necessary for him to decide whether they were words of expectancy or guarantee. He was bound by the evidence alone. The captain had said that when he left Newchwang he had not a full cargo, but the charterer's agent ordered bim to leave. That absolved the owners of the ship from any liability for damages. The captala's evidence might be true or not, but it was uncontradicted-he said the charteret's agents sent him away knowing he had not a fail cargo, and added that be might have filled up if he had waited. If the agents had been called it might have been different-they might have contradicted that statement, but under the clrcumstances Judgment must be given for the defendants, with costs.

IN ORIGINAL JURISDICTION, (Before Mr. Fielding Clarke, Acting Chuf Justice).

SETTLED.

for the land through which our mains run; we have a right to lay them, free of any charge hut that of repairing the road. The Surveyor General can stop that right at any time, however. We intended to appeal last year on an assess- ment that as lower by $950, but did not do so,

The Attorney-General, for the Crown, con- ended that it was the duty of the Assessor to include everything of the sort, for the public benefit. The fact that the Company had never paid it before did not protect them from doing 50 now, as similar concerns did in England.

Mr. A. Chapman, Assessor of Taxes, was years' then called. He said I was appointed in November last, having had nine

Assistant Rating Surveyor Railway Company experience as

to the North-Eastern.

in England. I calculated the assessment now in question on the value of the property as aet out in the Company's report, but made deductions For example, the 63,000 feet of land occupied by them I valued at $2.50 per foot, although adjnining land is valued at $3.50. made other allowances as well. On the figures given by Mr. Cross the assessment should have been higher than the one of which he complains. By the Court-I calculated the rental for the mains at $850, but it should have been $1800 or $1,000.

Mr. Francis then closed the case for the appellants, contending that the assessment had been, based on the English system, and not under the local Ordinance.

His lordship reserved judgment

CHINESE EXTRADITION CASE.

ALLEGED MURDER AND 'BRIGANDAGE. The Police Court was the scene of a good deal of excitement this morning (24th inst.), and crowded with "blacklegs" of every description, when the case of Li Pi Tsz, a reputed notorious rabber and murderer, was brought before Mr.

Wodehouse,

The prisoner was before the Court last Tuesday, when an application for his rendition to the Chinese authorities was made by Mr. Reece at the Instance of the captain of a Chinese gunboat, acting under instructions from the It transpired at the Viceroy of Canton. last hearing that detectives unearthed the prisonerat Shau-ki-wan, and that when told that a warrant was in the possession of the police for his arrest, he (the prisoner) dashed at an officer furiously; but other detectives being close at band the prisoner was overpowered and brought to Hongkong in a launch.

Mr. Recce again appeared for the Chinese Government, and Mr. Phillippo, Instructed by Mr. Rodyk, of Messrs. Holmes and Rodyk, was for the defence.-

Mr. Reece in opening stated, that he had five witnesses at present in Hongkong who would give evidence and were prepared Identify the prisoner. They were Chan Ngok. Che Cheung, Che Shan, Li Kau Yang 'and Li Yun.

Mr. Phillippo suggested that the identification should take place at once within the precincts of the gaol and in the presence of Mr. Reece, Mr. Rodyk, a detective, himself, and, if possible, Major Dempster only. His Worship assented to this arrangement, and courteouily permitted over representative to witness it.

continually moving in and out of the house while the burglary was going on. By orders of General Fong he came down here the day before the prisoner for the past five or six years, and bad yesterday with other two villagers. He had known often seen him in Toong Han. Since the robbery be had not seen him. He did not know what the profession of the prisoner war, or if he had any special calling.,

Witness was then cross-examined by Mr. Phillippo at some length.

His Worship asked Mr. Reece why the wit nean's fokis, who were in the house on the

evidence. night in question, were not present to give

In reply Mr. Reece stated that he had other witnesses there who could furnish very material evidence and that as they were required to carry on the business of the principal witness he thought it would not be necessary to bring them down. He had one witness in Hongkong who could testify to the prisoner shooting the woman. The proceedings in this case were being conducted under sections 7, 8, 10, and 11 of Ordinance XXVI of 189.

1

Detective Wan Tal Lol was then examined and deposed to the arrest of the prisoner at

struggle. Shati-ki-wan on the 16th instant after a desperate

In cross-examination by Mr. Philippo witness stated that he had been sitting on a bench is court while the examination of the previous witness. He arrested the prisoner by orders of Inspector Quincey. He had seen him (prisoner) before in Market street, Tal-ping-shan, which was one of his resorts. He got information as to Li Pi T's whereabouts on the 16th instant from-some-loafers-in-Market street. He did

not bribe them for their information. He should make nothing out of the case beyond having the credit of taking a leading part in the arrost of a desperado. He had been 17 years in the force and was never suspended for misconduct.

At this juncture Mr. Wodehouse objected to which reflected upon ha character as a public servant,

questions being put at random to the witness

Mr. Phillippo withdrew the question, and Justified his action upon the grounds that it was necessary to find out the character of the witnesses for the prosecution.

.

Che Treung, a hawker of Sun Moon Lao village in Toong ham, Kwangtung province, was then called and testified as an eye-witness to the shooting of the woman, being himself shot through the fleshy part of the knee a few moments after he saw the woman fall dead. He stated positively that it was the prisoner who shot the woman and that he appeared to be leader of the gang. At the time he shot the woman ke (prisoner) was in the road in front of the pawn shop with several other men, They were keeping the villagers off from the house while their comrades were looting. Witness ran to the assistance of the pawnshop as soon as he heard the going beating and cries of robbers." He had in his hand trident, which he intended to use on the burglars, but he fell, shot through the leg, before he came within striking distance. He saw the prisoner clearly swing to the lights held by his comrades.

Witness than exhibited his healed wound to the court. The marks where the bullet had entered and made its exit were quite distinct showing he had bad narrowly escaped having his Accordingly Messrs. Phillippo, Reece, Rodyk, kase smashed to pieces on this eventful night.

Mr. Phillippo then cross-examined the witness The Attorney-General (Mr. W. Goodman) D. S. Haddon and our reporter repaired to announced that in the case 7. M. D. Stiphins the gaol, where the man, Li Pi Ter, stood fuat length without shaking his testimony.

The His Worship then adjourned the case until v. The Crown be had been able to arrange line with ten fine-looking, "gaol-birds," terms of compromise with the plantiff. He had witnesses were then brought in one by one, and next Tuesday, in order that the Chinese authori had the advantage, which those who had they all, without hesitation, pointed Li Pi Tz des might have time to send down the pawn The witnessce were required shop master's fokit, whose testimony he thought previously occupied his position during the out as the man. existence of the case had not, of ascertaining the to walk up to and lay their hands on the ons was very material in a case of this kind, seeing facts more clearly, by the examination of Mr. they believed was the person wanted." This that they were in the house and kept prisoners. Stephens personally, in open Court. That, be they seemed reluctant to do, preferring to balt by the burglars together with their master, thought, justified him in departing from the when within a couple of yards of him, and one course taken by previous Attorneys-General, and in counselling the payment of $5,000 in com pensation, by adding $3,300 to the amount previously offered, each party paying their own costa,

His lordship expressed his satisfaction at the

reasonable.

arrangement come to, which seemed to him very

IN SUMMARY JURISDICTION, (Before Mr. As G, Wise, Acting Pulini Judge.) June 25th.

AN ASSESSMENT APPEAL..

The Hongkong Gas Co., Limited, appealed agulst the assessment of their property by the Rating Authorities.

Mr. Francis, instructed by Mr. Bowles, appeared for the appellants, the Attorney General (Mr.W.M, Goodman), instructed by Mr. Johnson, Representing the Government,

orders becoming known Houqua was at once informed that he should not suffer for this breach of instructions, and for the loss we would credit his account.

The old gentleman replied, 'My consider, my show you to mollo that is to say, he would think it over aud let us know his decision to marrow. The following day he was at the office, and this was his decision, which he emphasised by striking the floor with his cane-Write to Mr. Cand tell him he must be more, careful in future, must take care. He accepted the woollens, and refused to accept any indemnity.

"This last chief of the world-renowned 'Co Hong, which ceased with the treaties after an existence of 130 years, died at Honam on September 4, 1843. aged seventy-four, having been born in the same year with Napoleon and Wellington, 1769,"

For services rendered to English subjects in Canton, Houqua was the recipient of various handsome presents from the British Government, which were most highly appreciated both by himself and family; and his son, whose death we have just recorded, was always proud to dis- play these princely gifts to the numerous visitors of all nationalities to his famous mansion and nothing of the English language, but was reputed gardens in Honam. Mr.Ng Chi-sing knew little or a thorough master of the Chinese classics, and was in every respect a well-bred and courteous gentleman. Houqua the younger will be as much missed by his friends and acquaintances la Canton and Hongkong as his father by the enterprising traders of Canton and Macao forty. seven years ago, and he will be sincerely mourned by a select circle of intimates, including Mr. Woo Lin-yuen, Mr. Ho Amei, and other leading

members of our Chinese community."

THE BUST-UP" BROKER.

Air- Won't you buy my pretty flowers.')

Chorus

I.

Underneath the sunlight's glitter, Stands a wily "bust-up" swell, Heedless of the mem'ries bitter. Of the Stocks that rose and fell. How his little heart is throbbing, Yearning for the days of yore, Still he cries with tearful sobbing, "Won't you buy some Selangor"} There are many sad and weary

In this town so full of snares,

| Crying every hour so dreary,

"Won't you buy some Sugar shares"?

***11.

Ever coming, ever going, The speculators hurry by, Heedless of the sad tears flowing From our broker's wistful eye. Home the bankrupts "clear," unheeding Though their victims fume and rage, Still be cries in piteous pleading, "Won't you buy some Charbonnage "? There are many sad, etc.

STRIKE OF FOREIGN CON- STABLES AT SHANGHAI.

years, is correct.

The Prince has received the first instalment of the Tis. 50,000 to be consideration for the sole advanced as a right to trade within his district. For some considerable time past the Prince has been endeavouring to terapt monopolists in this way, and has at last succeeded with, it is said, 'a new firm.

J

We hear on good authority that there is every prospect of the formation of an adequate Medical Hung-chang-N. C. Daily News. Service for the forces under the Viceroy Li

Commercial.

premium, sellers.

Chinese Imperial Loan of 1884 C-5 per cent.

premium, buyers..

binese Imperial Loan of 1886 E-11 per cent.

premium. Hongkong Rope Manufacturing Company,

Limited-$110 per share, sellers. The Hongkong Steam Laundry Co., Ld-$25

per share, nominal.

Punjom and Sanghle Dua Samantan Mining Co.

-881 per share, sellers.

The Raub Gold Mining Co., Ld.—dal per share,

sellers.

The Balmoral Gold Mining Co., Limited-$137

per share, buyers,

Hongkong and Kowloon Wharf and Godown

Company $75 per share, sellers. Tonquin Coal Mining Co.-$325 per share,

sellers,

THE WEEK'S SHARE BUSINESS: The Hongkong High-Level Tramway Co.,

Other

June 21st, 1890. During the past week a considerable amount of business has been done in Banks at gradually increasing rates, stocks have declined, and, probably owing to the tightness of money, there are few purchasers in the market. The subjoined details give a fairly accurate summary of general operations:-

Banks were in strong request early in the week, and a large number of shares changed hands at from 190 to 194 per cent. premium for cash, also for forward rates at 197 for July and 203 for September. The stock closed with sellers at 194 for

-cash, and "on time" at the rates we have

quoted.

Marine Insurances.-Another small sale of China Traders at 70 has to be reported, but the stock is much weaker than was the case last week. Other Marine stocks are for the present quite neglected at their respective quotations.

Fire Insurances-No sales have been effected since we last wrote, holders declining to part with their scrips at the existing low rates.

Limited-par, buyers.

The East Borneo Planting Co., Limited-80

ner share, sellers. H. G. Brown & Co., Ld.-$45 per share, sellers. The Songel Koyah Planting Co, Ld-$20 per

Dare; sellers,

Cruickshank & Co., Ld.-$40 per share, nom, The Steam Launch Co., Limited-nominal,

- 50 per cent, dis, sellers. The Austin Arms Hotel and Building. Co., Ld, the China-Borneo Co., Id.-$17 per share,

buyers. The Darvel Bay Trading Co., Ld.~$8 per share,

nominal.

The Hongkong, Brick and Cement Co., Ld

$18 per share, sellers. The Green Island Cement Co.--$28 per share, The Hongkong Land Investment Co., Ld.-$87

sellers.

per share, sales.

The Hongkong Electric Light Co., Id-$57

per share, sellers. Geo. Fenwick & Co., Limited--ŝar per share,

sellers.

The West Point Buildings Co, Ld.~$35 per

share, sellers.

The Peak Hotel and Trading Co., Ld.-$10 par

share, sellers.

*,

The Labuk Planting Co., Ld-$17 per share,

nominal

The Lamag Planting Co., Ld-$15 per share,

sellers.

The Jelebu Mining and Trading Co., Ld.—$41

per share, sellers. The Selama Tin Mining Co., Ld.--§2) per share,

sellers.

The Shameen Hotel Co., Ld-$5 per share,

nominal.

Docks-A strong demand has suddenly set in for this stock, after the quotation had suspiciously dropped from 4 to some where in the region of 50, shares having actually changed hands at the latter rate, Whether the meeting of Directors held the The Kowloon Land Investment Co., Ld.--$17

"per share, sellers,”- other day had anything to do with this The Trust and Loan Co, of China and Japan.--- movement or not, we are not prepared to

$12 per share, sellers. say, but Dock shares are wanted and The Hongkong Marina, Limited-par, nominal.

**

ON

EXCHANGE,,·

LONDON--Bank, T. T.

Bank Billa, on demand........ Bank Bulls, at 30 days' sight: Bank Bills, at 4 months' night Credits at 4 months' sight wees Documentary Bills, at 4 months'

•·sight

.....3/49 PARIS,

Bank Bills, on demand.. Credits, at 4 months' sight. ON INDIA, T. Taineuaum On Demand..... ON SHANGHAL.---

Bank. T. T..

Private, 30 days' sight ̧„à..

427

very few are forthcoming. There are cash buyers it 55, and time" buyers at 57 for July, 58 for August, and 59 for September, and if there were any sellers in the market higher rates would doubtless be forthcoming.

Steamboaft-The scrip of the Hongkong, Canton, and Macao Steamboat Company has been rather largely dealt in at 36 and ON. 361 for cash, and now there are buyers at 363. On "dime," business has been done. For some time past the men forming the last at 37 for August and 383 for December, addition to the Municipal Police Force have been agitating to be allowed to remit half their pay but at these rates there are further Indo-Chinas have improved home on the same terms as previously arrived sellers.

now in strong. members of the force. The Council allowed their position, and are some of the latter men to remit home through demand at 221 per cent. discount. What them at the rate of 3/9 per dollar, a concession effect on the market value of the scrip that has been refused the new men, although the telegram received from London this

NOTICE. they petitioned the Council for this privilege. morning will have, announcing that a The men say that they did not know when they dividend of 3 per cent, had been declared were in England that the privilege, as regards remitting at a certain rate; was enjoyed by the for the past year, remains to be seen. The HONGKONG & WHAMPOA

DOCK COMPANY, other men, olherwise they would have insisted on Douglas Co.'s shares have been negotlated

LIMITED. or two of them had to be urged to touch him DEATH OF A NOTABLE CHINESE being equally favoured. They also say that they at 53 and $4 for cash, and are wanted

were handed a slip of paper in England, setting at the higher rate. before they would go within striking distance.

Another link bleding the old Canton of ante- forth, among other things, that their food would Sugar Refineries-China Sugars have This performance over, the legal fraternity, the

HIPMASTERS AND ENGINEERS police, and the press returned to the court, where the examination of the witnesses was proceeded treaty times with the Hongkong and China of not cost more than gro a month, whereas it costs steadily declined, and there has been to-day was stupid asunder the other week, them $15. They also state that they did not Chan Ngok stated that he was master of the when Mr. Ng Chi-aing, better known as Hongan sign their agreements till they came to Shanghai, almost universal weeping and walling in are respectfully informed that, if upco Sing Kat pawnshop at Toung Han, a village in passed over to the great majority in his splendid and that there are clauses in it which they never consequence. Offers to sell at as low as their arrival in this HARBOUR none of the Kwang-fu district, near Canton. In addition to mansion at Honam, at thecomparatively darly age would have signed had a copy of the agreement 167 have quite falled to induce bellevers COMPANY'S FOREMEN should be at hand the business of pawnbroker he dealt in opium. of 56 years. Mr. Ng was the son of that historical been shown them in England. Under these in the invincibility of the local sugar ORDERS FOR REPAIRS, if sent to the Hxar On the 26th of May last year (1889) at 11 character Houqua, who more than half a century circumstances nine of them went on strike on refining Industry to come to the front: OrrICE, No. 14, Prays Central, will vocely p.m. he was asleep in his bed-room on the ago was the principal member of the unique Wednesday night, and several others were ex Singularly enough, Luzons have "boomed," prompt attention, ground floor, together with Chey Leung, a corporation in Canton known as the Co-Hong, pected to join them. The Watch Committee

been reported. There are, however, cerke in his employ. At the hour named he through whom the whole of the foreign trade sent for the men yesterday morning, but as the and sales at as high as 87 have actually heard a noise which stomed like men tearing was transacted in the old Factory days, when men were requested to go in one by one, they down the wall of his house. Soon after this the the East India Company was still a power in declined the invitation, especially as the Watch shares on the market at that rate.

the land, and Hongkong was a terra incognita. Committee had refused their demands on Tuesday The Kowloon Wharf Co.'s scrip has gone prisoner and about twenty or thirty armed men came into his room. Two notorious robbers Houqua's wealth was said to reach a fabulous There is no question, that as far as their actual slightly out of favor, and, as soon as the named Choy Pang Wang and Man Woo were amount, and it is recorded that, when Canton rights go, the men have not got a leg to stand demand for shares ceased, theratedropped also leading the gang with Li Pi Tax. In one hand was threatened with attack to May, 1841, by the on, as the Council have acted fully up to the to 75 cash and 77 for September, closing the prisoner held a revolver, which he pointed British forces under Sir Hugh Gough, who had agreements made with them but the misfortune with sellers on these terms, at witness and ordered him to take them to the taken up a position on the heights north of the is that these agreements contain no penal clause, strong-soom. He did this with oaths and threats cily, a ransom of six millions of dollars was levied, and all the Council can do is to dismiss the The Land Investment Co'r shares have. of instant death should witness fall to comply at on the city, of which the great Co-Hong merchant strikers, which is no punishment to them. A been ""sea-sawed" to a considerable extent.

with.

"

SHIPMAS

In the event of complaints being found necessary, communication with the Undersigne requested, when immediate steps will be takes to rectify the cause of classisfaction

Hongkong, 15th August, 1885.

D. GILLIES, Becretary,