1890-08-07 — Page 6

Intimations.

DAKIN BROS. OF CHINA, LIMITED,

DISPENSING CHEMISTS.

AERALED WATER MANUFACTURERS, WINE, SPIRIT, AND CIGAR IMPORTERS.

SCOTCH WHISKY.

of

N consequence of the increaturapecial blend of OLD SCOTCH WHISKY we have entered into an agreement with the distillers whereby we are guaranteed a practically unlimited supply

'for an unlimited time.

Many popular brands of Scotch Whisky are said to have fallen off in quality, we can now guarantee that our own blend will be ALWAYS THE SAME. Judges of good Whisky are recom- mended to try a sample bottle.

Per dozen $100, Bottle $1.

(Telephone No. 6o.)

Nos. 22 & 24, QUEEN'S ROAD CENTRAL

Hongkong, 28th July, 1800

THE HONGKONG TELEGRAPH, THURSDAY, AUGUST 7, 1890.

holders. That was the reason given for Mr. BRODIE'sappointment, and at the meeting of June 16th, in reply to a shareholder, the Acting Chairman, Mr. E. L. Woonir, said "Mr. BRODIE will be permanently in the office for twelve months, giving the whole of his time to the Company's business," and in answer to a further query he remarked, as stated above, that there had been so many matters cropping up in the office-so many letters and telegrams-that the Directors had no

Tux fifletir half-yearly balance sheet of the Hongkong and Shanghai Banking Corporation handsome dividend will be seen in the item appears in another column. The secret of the "Bills discounted, loan and credits," which amounts to $63,880,333 as compared with $5,615.066 last half-year The far-seeing Chief Manager saw the rise in silver betimes..

*

THE Band of the A. & S. Highlanders will play the following programme at the Barrack Square, to-morrow evening, commencing at7.300'clock: Machine Mitle man. Cook,

V

Lancen **************** Love Dreamland g

Calop.........

time to devote to them. We drije trust this explanation will fully satisfy our morning contemporary's dissatisfied correspondent!

But will it satisfy those who are really and substantially interested in the success of the Punjom Company? Is it not time that the Managing Director, or the Board, or somebody responsible, informed the shareholders what has actually transpired with reference to the Company's business during the past seven weeks? The absolute sale of twenty square miles of the concession to a London Company in A. S. WATSON & CO., LD. which the Punjom shareholders are largely

BY APPOINTMENT,

ESTABLISHED A.D. 1841. MANUFACTURERS OF AERATED WATERS:

interested; was stated to be un fail accompli on June 16th. If that is the case, what has been done since, and what operations

...Header. “Tha Vilags Fastival.Clement

Coota. Paul JonesTM sendinenepes "The Troopers Waterson.

KLAIR AND OLMAN'S Circus opened at Bowring. ton last night to a large and appreciative audience. The performances were in every way successful, the marvellously trained dogs and the exceedingly clever pony "Tommy" eliciting hearty applause, which was thoroughly deserved There will be another entertainment this evening. commencing at 9 o'clock, which on its merits should be largely patronised MEMBERS of the Hongkong Jockey Club who intend "going in" for a Subscription Griffins for next year's race meeting, are reminded that the list will closest noon to-morrow. All applications Hongkong Club, & meeting of subscribers, to fecide as to the terms.etc., on which the pontes in the Hongkong Hotel at 4 o'clock to-morrow are, to be supplied from the North, will be held afternoon.

should be made to the Clerk of the Course at the

THE railway material expected at Haiphong has arrived. It comprised 1,000 tons of rails and rolling stock, including two locomotives.

Spanish journals are in a cold sweat because the English Electrician has published detailed description of the submarine best Perak, The inventor, who had guarded his secret religiously, is simply hopping mad. A CHINESE youth 18 years of age, was killed last night in a soda-water factory in Tung Man Laas, owing to the bursting of a soda-water bottle, a portion of which struck the unfortunate lad on the thigh, rupturing one of the main arteries, from which he bled to death. An official

Inquiry will be held at the Magistracy

to-morrow,

46,855,983.20 939.454-65 -106,504.90 $134.308,569.09

PROFIT AND LOSS ACCOUNT, SIONGKONG AND SHANGHAI BANKING CORPORATION. goth June, 1890,

The Paying-in Bank Premises," goods, and nothing more. cheques on the bank aggregating $154 for Bills Receivable,.... book shows an entry of $125 on the 6th Dead Stock, June 189 which does not appear in the banker Page pass-book. The entry in the said Faying-in book is in my brother's hand-writing. That entry in the Paying-in book was declared by the bank to be a forgery. It was not initialed by the bank's clerk. I presume there were other know whether they are forgeries-I presume forged entries in the Paying-in book. I don't I took no action against the bank in respect to the alleged forgeries. Entries corresponding with the forgeries in the Paying-in, book were made in the cash book under the belief that they were perfectly valid.

Mr. Francis: This is a most extraordinary defence dragging in all sorts of unpleasant historical detailns

Mr. Robinson: Yes, doubtless very unples-

I never

Cross-examination continued: actually paid in any money to my father. The

and been sold since the fire, there were about order book is lost. I ordered the goods on speculation to some extent. They have arrived $3,000 worth. I have stopped other consign- ments. I sold what strived to Mabomed Arab,

ber. I am claiming full value for my goods. who opened the shop next door. I collected $1,165 book debts, last November and Decem without making deductions for depreciation.

CURSES both loud and deep have been general throughout the colony amongst shareholders of the China Sugar Refining Company, Limited,sant. since it was known that the interim dividend had been fixed at the (comparatively) beggarly rate of 4 per cent, for the half-year, on the paid up. capital. If this were not a religious paper we might feel disposed to quote a few of the choice utterances that have been freely indulged in by disappointed holders; but as matters stand, we leave the China Mail to slag the praises of the princely roase" and Mr. E. R. Belilios. China Suvars, by those in the swim, were freely prognosticated only a few short months ago as certain to reach, and be actually worth, $350 share. What a falling off, dear brethren, disdainfully ignored! And yet people marvel when offers to sell at $165 yesterday were that share speculation in Hongkong has been "stone broke" for months past. That result was inevitable, and China Sugars were a principal factor in the general collapse of the severe lesson taught by the bitter experiences of the past twelve months will not be entirely lost sight of when things take a change for the better,

I

Re-examined by Mr. Francis witness said :— kept the Day book, which I posted up from the was posted by me, from the Day book, up to rough Day book kept by Roberts. The ledger

and invoices from the debris in company with the 1st of January 1890. I recovered my books Inspector Perry. My father can neither read or write. My brotherran away from this colony, I did not know that be intended to leave at the

OUR AERATED WATER MANUFACTORY are now actively in hand? It was reported On dit that the net profits realised by the bubble speculators. It is to be hoped that the time he disappeared. As far as my father and

is replete with the best Machinery, embodying all the latest improvements in the trade. The greatest attention has been paid to appli- ances for ensuring purity in the Water-supply, to secure which we have added a Condenser cap able of supplying us with 3,000 gallons of distilled water a day, and are now in a position to compete in quality with the best English Makers. Our Sweet Waters cannot be surpassed anywhere.

The purest ingredients only are used, and the utmost care and cleanliness ise exercised in the manufacture throughout.

LARGE BOMBAY

"SODAS"

weeks ago that the Company's agent, or manager, or whatever his position are referring to the actually was-wa versatile Mr. H. M. BECHER-had arrived at Singapore from England, and

по

SUPREME COURT.

Hongkong and Whampoa Dock Company during the six months ended the 30th June ameant to the large sum of $170,000. The report that the Directors have decided to recom- mend dividend of only 5 per cent. far the half- year has not given universal satisfaction; but, weaning this to be true, we consider that. they have acted wisely and consistently in sticking firmly to the policy of writing off as much as possible until the cost of the Admira (Before Mr. Fielding Clarke, Acting Chief as to what amount was due to me at the time of Dock in the Company's books has been brought down to the equivalent of the earning powers of that expensive enterprise.

IN ORIGINAL JURISDICTION.

Justice).

CLAIM FOR INSURANCE MONEY.

才

To Amounts Written off.

Remuneration to Directors......$ To Dividend Account

£1.10 per Share on 60,000 Share1==

£90,000 4/6...$400,000.00 Bonus of per

Share on 60,000 1. Shares £60 000.

4/6........ 266,666.67

To Dividend Adju tment Account - Difference in Exchange 4/5, the

rate at which the Dividend and Bonus are declared, and 3/49, the Current rate of the day. To Reserve Fund

To Balance carried forward 10

7

next ball-year

Cr.

31st December, 1889..... By Balance of Undivided Profits,

10,000.00

666,666.67

224,974.20 200,000.00

148,307.94

$1,249,943.81

141,31047.

Six Months anding 30th June, By Amount of Net Profts for the 1890, after deducting all Ex penses and Interest paid and due 1,108,633.34

$1,749.948.81

RESERVE FUND.

self are concerned we lost about $600 by my with. After November the ledger is not brother's departure, which he had made away posted up, so, as the cash book is not. To balance on 30th June, 1890.. in existence, I should not be in a position to press claims against debtors who chose to deny liability, Roberts left Hongkong subsequent to the fire, but I don't know exactly when he took his departure. I can't forms an idea the fire. The loss of my cash book prevents an accurate statement upon the subject.

By Mr. Robinson-I cannot form & proper, idea of the amount...

Re-examination continued Some, accounts sent in since the fire have not been paid by sundry debtorn on the ground that they had been paid prior to the fire. I have claimed for all artic es that I distinctly remember.: pr

His lordship-Had you not better settle this case now? Ferhaps i might not be worth the

By Balance on 31st Dec, 189. By Instalments of Premium re ceived on New Shares..................... By Amount transferred from Prost

and Loss Account.

H. L. DALRYMPLE,

$5,482,127.30

$5,481,127.20

682,127.20

200,000.00

$5,482,127.30

ST. C. MICHAELSEN, Directors. T. E. DAVIES, A

doubt the Directors have received a full account of his somewhat prolonged and expensive mission to London capitalists. That would be an interesting document to shareholders, and Its publication might effect some good, while it could not possibly do any harm. are anxious for The shareholders information as to what has really been accomplished and what is being done whenever practicable, are despatched by first now-and they are fully entitled to know. steamer leaving after receipt of order.

FOR COAST FORTS, Waters are packed and With the shares quoted at as low as steamer, the Taurus, to tow her round, Alf occupied by the plaintiff, 6 and 8 Lyndhurst Ter- the case. So far there has been no case made, We have compared the above Statement with “ placed on board ship at Hongkong prices, and the full amount allowed for Packages and Empties when received lu good order.

Counterfoil Order Books supplied on applica-

We continue to supply large bottles as heretofore, fras of Extra Charge, to those of our Customers who prefer to have them to the ordinary sise.

tion.

COAST PORT ORDERS.

1:

Our Registered Telegraphic Address is, "DISPENSARY, HONGKONG," And all aigned messages addressed this will receive prompt attention.

The following

A

in List of Waters always kept ready in Stock:-

PURE AERATED WATERS

SODA WATER

LEMONADE

POTASH: WATER

LITHIA WATER

SELTZER WATER

SARSAPARILLA WATER

TONIC WATER

GINGER ALE

GINGERADE,

No Credit given for bottles that look dirty, or greasy, or that appear to have been used for any other purpose than that of Containing Aerated Water, as such bottles are never used again by us.

A. S. WATSON & Co., LIMITED, Hongkong, China, and Manila.

The Hongkong Telegraph

HONGKONG, THURSDAY, AUGUST 7, 1890.

"A SHAREHOLDER" in the Punjom Company writes to the Daily Pras, wanting to know what Mr. W. G. BRODIE is supposed to do for the $500 per month he receives as Managing Director of that mysterious gold- mining concession. And the Daily Prats, as customary, doesn't know, or at all events maintains a discreet silence, doubt less with an eye, to future contingencies. "A Shareholder" we are almost inclined to doubt his right to that designation, as if he were actually a shareholder he would, almost to a certainty, be aware of what transpired regarding Mr. BRODIE's

87, when the prospects of the Company are authoritatively stated to be more promising than ever they were, it is scarcely to be wondered at if shareholders are beginning to lose that confidence which has so unreservedly been placed in the

Board of Directors.

TELEGRAMS

THE KAISER

LONDON, August 4th. The Emperor of Germany has gone to Cowes.

CHOLERA

Spain.

THE Zafiro brought over eight shipwrecked sailors from Manila to-day. They belonged to the American ship Panay, which was lost about three weeks ago down in the Philippines In rather an extraordinary manner. She had been lying in Manila Bay, for about seven months, waiting for hemp to boom. As it didn't, the captain decided to take her round to Helin in llast, and engaged a rattletrap old coasting

sprang up, and the steamer could scarcely get went well until night, when a strong breete long. About 4 am, when to windward of one of the islands, the captain of the Tourur decided to cut the Pasay adrift, and, after whistling twice, this was done. The crew of the ship tried to keep her off the rocks, but she quickly drifted ashore and became a total wreck. The captain is now in Manila trying to obtain rodress.

Ir is by no means an unusual thing for the Irrepressible globe-trotter to write columns of twaddle, for some English provincial paper, of his experiences after one day's sojourn in the city of Canton, and we bave known ons or two of the genus even go the length of making a retum trip by the Powas an excuse for foisting two or three volumes of babyish prattle on a long suffering public. But until last night we Cholera is raging badly in Meccs and also in certainly could not have believed that there existed an idiot so thoroughly demented as to send such cheap clap-trap to a Hongkong news paper the China Mall to wit. Some Tanatic, whose friend incur a serious responsibility by allowing him to be at large, writes to the fall about the Shamien, Ah Cum the guide, the boat-girls, the Roman Catholic Cathedral, slipper boats, the Oriental Hotel, and other wonders of which nobody in Hongkong, of course, ever heard before-and his starting yarn is to be continued The maniac who wrote such trash for Hongkong readem, and the numskuil, who published it, each deserve a statue, somewhere out of sight on Price's "white elephant" at | Causeway Bay.

THE ARGENTINE REPUBLIC. Outrageous floting is taking place in the Argentine Republic.

[What is "outrageous" rioting? "Outrages and riots" were meant, we expect. Ed., H.. Telegraph.]

PORTUGAL AND GREAT BRITAIN.

August 5th, The Portuguese have seized a British steamer on the Shire river, and Portugal has ordered a severe punishment upon all concerned.

THE ARGENTINE REPUBLIC.

LOCAL AND GENERAL.

A BREWERY has been started in Manila by Mr. H. Barrello,

Joaquin Gomes, landlord ofthe Globe Tavern, claimed $6,539, the amount due under a policy of Insurance issued by the Hongkong Fire Insurance Company. Mr. Francis, QC (instructed by Mr. Wilkinson) appeared for the Wotton) defended. plaintiff, and Mr. Robinson (instructed by Mr. Mr. Francis, in opening the case, read the pleadings and, continuing, said that the premises

November the amount was increased to $10,000, On the 25th January last a Bre occurred, and race, were insured in May 1887 for $6,000, and is

the greater portion of the stock was destroyed.

while of the insurance company to go on with out.

Mr. Robinson I am sure that my clients will give full consideration to your lordship's sugges- tion.

At this juncture his lordship adjourned the hearing until half-pust ten to-morrow morning.✨

THE HONGKONG AND SHANGHAI

BANKING.CORPORATION,

The fiftieth report of the Court of Directors to the ordinary half-yearly general meeting of shareholders to be held at the City Hall, on Saturday, the 23rd August, at noon, la as

follows:- 2012 2

To the Proprietors of the Hongkong & Shanghai

+

T. JACKSON,

Ate don sulant Chief Manager.

SYRRA. W. MAITLAND, Home Chief Accountant.

the Books, Vouchers and Securities at the Head Office, and with the Returns from the various Branches and Agencies, and have found the samO to be correct/

Auditors.

F. RYRIE,

F. HENDERSON; }; Hongkong, 7th August, 1890.

CORRESPONDENCE.

-¿Wu do not nacemaily endorse the opinions expressed by Corespondents in this column).

some $200 or by fire and water, what little there was

ved being sold for $300 Most of the books and papers were saved, and a claim, made up from them, was sent in to the defend int Company. The first Items were-stock, as shewn at the stock-taking last August, and shipping charges. The market value of the stock was not claimed, as it might have been, but simply the original cost, a

THE KOWLOON CANTON RAILWAY, would be shewn from the invoices. That

A STARTLING PROPOSAL amounted to $3.621, and the subsequent additions to the stock were set down at $3,937. The furniture and fittings were valued at $533, or, ml- together, $7,723. Of course there had also been

SIR-Permit me through the medium of your Banking Corporation,led 200widely read columns to make a suggestion or sales, and as 60 per cent-the usual proût-was

Gentlemen,--The Directors have now to two to the promoters of, and those interested in, deducted, they came to about $1,183, fifteen per cent being set down as cash transactions. That submit to you a general statement of the affairs the projected and much-needed Kowloon-Canton left the total 86539. The claim was disputed of the Bank, and balance sheet for the half-year Railwayjoys a tot by the Company, who in the first place denied ending 3016 June, 1890. kete pe a prst-In view of the fact that Shamien is a that goods to that value were in the store at the time of the fire, and in the second alleged that $141,31047, balance brought forward from last Gomes had taken advantage of the fire to put in an account, after paying all charges, deducting excessive and deliberately fraudolent claim. If Interest paid and due, and making provision for and doubtful accounts, amount to they proved that allegation, of course, the bad plaintiff would lose, but the contrary would be $1,349.943.81, of which after taking out remuneration to Directors, there remains for appropriation $1.339,943.81

*bewn.

His lordship thought that a jury should have been called in the case.

The net profits for that period, including most unhealthy and unsuitable place for foretan ette

settlement, the railway. scheme should be seized upon as a medus vivendi for inducing the Chinese Government to concede to Great Britain the whole of Chinese territory on the Kowloom side of this harbour; which embraces the mountain range at the back of Kowloon City, British Kowloon and the Cosmopolitan Docki in exchange for all British rights, land and privileges at Shamian (Canton).

and The Chinese Government would be

From this sum, the Directors recommend the payment of a dividend of one pound and ten shillings per share, which at 4/6 will absorb

Mawr in this neighbourhood, were we to relinquisis alf $400,000, and a bonus of one pound per share, very glad to concede to us their useless territory which will absorb $266,666.67;

The difference in exchange between 4/6, the rights and privileges at Canton, a ne rate at which the dividend and bonus aro declared, and 3/41, the rate of the day, amounts to $224,974-20,

They recommend transferring $100,000 to the credit of Reserve Fund, which with instalments of premium on New Shares, $682,127.20, will then stand at $5.482,127.20-

DIRECTORS

grd-Branch an extension of our Kowloon frontier, to the top of the range of hills at the back of our possessions on the Kowloon, promontory, Hongkong would be safer, from a military point of view than heretofore. The present frontier and the vile Chinese city at

Kowloon are detrimental to the interesis of Hongkong from many points of view, which must be obvious to those who give but a transitory thought to this important question, s

THERE will be a game of Palo at Causewai / ballad "Unfurl the flag," sung by one of Stanley shipping charges I estimated at $436. The resigned. The Directors, invited Mr. Ament that the relinquishment of Shamien can

Bay to-morrow afternoon, commencing at $-45 o'clock.

"

THE floods in Tonquin are abating, and the natives are busy sowing fresh crops, the felds having been enriched by the mud deposited, THE Superintendent of the P, & 0. S. N. Co. informs us that the Company's steamer Gwalior

Mr. B. Layton and Mr. W. G. Brodle bave McConschle to join the Board, which appoints ment requires confirmation at this meeting

AUDITORS.

Lahabuding The accounts have been audited by the Hon,

H. L. DALRYMPLE

Chairman Hongkong, 7th August, 1890,

4th. Of course it would be necessary to make an expreas stipulation with the Chinese Govern only commence from the date when the city of Canton is properly connected with British Kow loon by a permanent double-line railway; and farther that in the event of the Chiness authorities permitting traffic to be stopped on

*ppointment at the meeting held only a left Bombay for this port on the 5th last, at 2 pm. Corneville" and "Olivette" than in a spectarfire was given about midnight. I went to the BSTRACT OF ASSETS AND LIABILITIES, HONG the merchants::now; trading at Canton would

Ar the Sanitary Board meeting to-morrow the orders of the day will be the reports on house drainage and on main sewerage, by Mr. O,

Chadwick.

KONG A SHANGHAI BANKING CORPORATION. 30th June, 1890, Liabilities, Paid-up Capital $ 7,500,000.00 Instalment received

on account of 1st call on new shares 438,030,43 Instalment received

John Gomes was then called. He said-My father set me up in business in the drapery line, at Nos. 6 and 8, Lyndhurst Terrace in 1886. My father took no part in the management of the business beyond providing the capital. In May 1887 I insured the stock with the Hongkong Fire Insur THE musical critic of the N. C. Daily News hit ance Company, for $6,000. In Nov. following I off the weakness of the Stanley crowd in very insured it for a further sum of $4,000, $500 being |

on furniture and personal effects. On the 25th The excitement in Buenos Ayres over the next style, in his notice of their extraordinary

rendering of "Paul Jones." He said that "the January last a fire occurred, and the greater entire company, excluding the orchestra, laboured financial crisis still continues.

under our great disadvantage which consisted portion of the premises were destroyed by fire and water. The Insurance Company took of the inability of the vocalists to sing" charge of what was salved. Afterwards my The balance, $148,30294, to be carried to There was, he remarked, " dead level father sent in a claim under the two polices. I Now Profit and Loss Account. of mediocrity about songs and choruses alike prepared it from the books. The first item was We ventured to the stock, asmade out in August last, $3.168. The that was really depressing." say that Sir W. Robinson's so-called patriotic

furniture, fittings, etc, of the store were nightingales, was second-class rubbish, and the valued at $927. I deducted 60 per cent. obese impresario went back on us by stopping because I roake that amount of profit on the bis six dollars per week advertisement. He Invoice cost of goods. The smallest profit in also, to: all appearance, went back to not on retalling would be about co per cent. In our the Editors of the N. C. Dolly News and store we sell chiefly on credit. My whole claim Phineas Ryrie and Mr. Follarton Henderson, Shanghal Mercury after their adveres but fair and outspoken criticisms of the performance of of $6,539 is a fair claim at invoice prices.

In cross-examination witness tald:-The fire #Faul Jones. Mr. Stanley's company make a took place on the xgth of last January. I was the very much worse show la "Les Cloches de last person to leave the house. The alarm of culat alle like "Paul Jones," but somehow our Union Club with Mr. Moore, the barber, that THE isla de Panay, expected shortly from Shanghai colleagues discovered that the tune night, I said to him that I wanted to get may Manila, brings rellefs from Lisbon for the Macao cas artistes could sing after all, Funny, books out of the shop, and he told me that I garrison, Eight colonels and a corporal, weit not? We could a tale unfold, if it were worth could not get them out I had a good deal of

while which it ign't." #50

money in the house at the time of the fire which was taken out of the cash box, suppose,

A CUTE looking youngster, who described him as I suppose, during the fire. I don't know what from Canton up to see the sights of the wastern profit that year of about 60 per cent. I did not polí at the Central Station as a school-boy profit my firm made in 1889. There was a enlouy, was compelled to face the music at the mention it to my father. I cannot show how the Police Court this morning, and there make his Prost and Loss account was made out in 1889 bow before Mr. Wodehouse. This litle old because it was made out by my brother, who man for auch he turned out to be as regards went to Japan in September. The balance his knowledge of the art of chicanery, was sheet for 1889 is lost. 1.keep some books my charged with obtaining a silver watch valued at self. They are the Sandry Debtor book, the 38.65 from a Chinese watch-maker in Queen's Day book and the Cash book. The books for Road Central yesterday, and with being in 1889 were written up to the end of August, possession of ten counterfeit Mexican dollars. I don't know how my brother made up the it transpired in evidence that this little chap balance sheet for 1889. I personally know Indsced the old watch-maker to go along with nothing about the way my books were kept him to the Hongkong and Shanghai Bank and The cash book which I kept is missing. If there walt outside while his juvenile customer thief broke in and in addition to stealing the went in to get the coin to pay for the watch, cash took also the cash book, I don't know what from an allegod fellow employs of the Bank good auch book would be to him. On the 310 After waiting there in wain until nearly seves August, 1889, the stock in hand; was valued at home a wiser and sadder man. Determined not bees at that date. knew the value of the cock the poor watch-maker wended his way $3,355. Mr. Roberts and I made out the stock to be "beited without a struggle in get level stock, Roberts didn't When faald at the with his artful customer, he watched the magistracy that "I was not taking stock" I did youngster with al The involons of the 1889 Block were this morning, and spotted his quarry stepping in the making up of the stack, account. assengers leavies for Canton and Macao early not speak the truth, for I was really assisting on board the Hanki...The

can't remember what rate of Interest I paid on - Cash, p In the Directors' latest report, dated

the sang frold of a professional pick pocket produced by me at the magisterial inquiry.. swore at the complainant because he didn't wait long; enough outside the Bank !" He various loans I obtained of several Sikhs. I'm Investments, viz. :---- June 9th of this year, it is alleged that

offered, however, to are the thing at once not prepared to swear that I did not say at the as so many important questions which our exchanges from Manila report that on the and tender, ten Mexicans, all of which turned Magisterial inquiry that I paid 21 per cent, on required close and personal attention were 3oth sit, at nine pm, a fire broke out in Rosario out to be counterfelt colon: This was carrying certain loans. I can't remember the matter as pending in connection with the disposal of Street, in a small tobacco shop, Fanned by = the “blan pidgin- too far) so the school-boy it is so long agent gran

concession, the strong breese, the flames quickly enveloped the was given in charges, in defence, the proevising Cross-examination continued I usually paid surrounding group of flimsy buildings, and before youth said that a friend had “ cumshawed him my debts by cheque on the bank. After my the bad dollars, and that the name of his friend brother left for Japan there was a change in the portions of the Pahang conse Board felt it would be to the advantage long several strects were ablaze they as the Bank of Chan Chand TH Wor manner of conducting the business. The books of the Company to have some one at the and naval forces were: called out, but hey.

not succeed in suppressing the outhem until ship remanded the case until Saturday, and were no longer kept, and 1 peased; to draw was $jaga. ** After August sito 1. drew lour helm, for some months at least, to devote midnight. The loss is estimated at half a million End Instructions for the said Chan Chol Tang cheques In December 1880 my balance Wills

to be subpanned if he waisted. all'his time to the interests of the share, i dollars,

to

Wx are informed by the agents of the Austro. Hungarian Lloyd's S. N. Co. that the Company's steamer Medusa, from Trieste, left Singapore yesterday afternoon for this port.

few weeks ago-is of opinion that the Managing Director's place is at the mines in Pahang, exercising a proper supervision over, working operations, and not idling away his time in Hongkong. We are bound to admit that this also is our idea of the duties of the managing director of a mining enterprise; but then it must be remembered, and it is only fair to state the fact, that Mr. Brodiz's services were specially retained by the Directors attend to telegrams, correspondence, etc., In the office in Hongkong. The Directora found they had no spare time to devote to such matters, and as 'they apparently

THE Nansing, according to the Comercio, forgot that the Company possessed an

brought away over three hundred Chinese who able and energetic Secretary in Mr. had been ordered to clear out of Manlis because GOURDIN, who certainly ought to be able they had not the usual papers. Our contem. to do the needful with telegrams and porary finds comfort in this exodus of idle correspondence, the Chairman of the Pagans Board was expressly engaged to direct the Company's business at head-quarters in this colony.

A REGULAR meeting of St. John Lodge, No. 618, S.C., will be held in Freemasons Hail, Zetland Street, on Tuesday, the 13th instant, at 8.30 for 9 p.m. precisely. Visiting brethren are cordially invited.

Last week some Chinares out East Point war gathered in two of the disputants, and they were had an argument with: bamboos. The polion admitted to bail by the Magistrate wext day, This afternoon one of the two went and died, just to get somebody charged with manslaughter, and two men have been arrested

on account of and, 3rd, and 4th call on new shares

Reserve Fund...... Instalments of pre-

mium received on -new-ˇ shareOKI

above

Marine Insurance Accoun Notes in circulations 6,478.4 Deposita, 93,1

London bankers and short siz

Bills Payable (including drafts an drawings on Lendon of

against bille receivable and ballon shipments) Profit and Loss Accountin

£100,000, at per cent, Consola 2,150,000 per cent. Indian Government Sterling Loan, The above lodged with the Bank

of England as 'x' Special Lon." don Reserve! $1,425,000.00 Rs. 5,000,000, Indian 4 per cent.

Cost:

Lóan *** 195,945.000

Disco Credits,

168,063.30

such line the British Government will at once. demand the renewal of old tradal rights at, Shamien. darb NGC Wheele 1-5th. If a good railway connects Kowloon with Canton-there can be no doubt but that settle en mars at Kowloon, provided the Chinese made them a reasonable allowance for their property at Shamlen. In any cup the merchants would be better off by establishing themselves at Kowloon, for not only would they be living in a pleasanter and more healthy plaos, but business generally could be better transacted in'tuany, ways than is the case at Canton."-

6th-Chinese merchants would pour into Kow loon from Canton and transact their business with foreigners there instead of, as at prosent, on Shamientoches, agus aya di dae rath The Chinese Government would be only too glad to get back) Shamien, and to Let them have it in the way proposed would be to the advantage of all parties. ne bude R of themAs to Germany and others now, trading at Shamien, la view of the fact that they would have equal rights with British subjects to establish themselves at Kowloon, they would · doubtless avail themselves of the opportunity of the getting out of a most disagreable port upon favourable terms, TERM

In the foregoing I have: briefly sketched the onlines of somewhat gigantic scheme which It has occurred to ma is well worthy the atteni tion of our mercantile community, as well as the warnest and prompt consideration of the naval and military Bathorliles. That those interested In the Hongkong, Canton and Maeno Steamboat Co, and other similar concerns will not look with favour upon my proposals at first sight, I so doubt not but If they werets levest their money. In land at Kowloon and in shares in the Cantone: Kowloon railway they would probably get' as good returns from their new investments as the Hyer steamboats ever brought them initiat ***Trusting you will f'vour this letter with space

"in your next istică"

In 2005, BE

your faithfully,

Hongkong, August 7th, 1890,

OBSERVER.

TRA

Our correspondent evidently means: well, bat murhly on closer consideration he must nee