1895-08-03 — Page 3

was come to abast the middle of April lust with the Chinese owned steamers running on the River, and we trustähis amalgamation of inter- ests will work beneficistly for all parties. Ons fleet is in excellent condition. The Honam,

THE HUNGKONG TELEGRAPH, SATURDAY, AUGUST 3, 1895.

REFLECTIONS.

Wonder where thlugs are going to in Hong... kang? In Shanghal they are forging ahead and

THE ALICE MEMORIAL HOSPITAL on the part of the defendant, the sala-water collected on the roof and flowed leto and CONCERT!

damaged the plaintiff's house. In an action to recover damages.

Held (offirming the judgment of Wright, J.,

We congratulate, Mr. W. E. Crow, Dr. Jan.

the financial success, of the concert given an

the bank's head office only, would lajure nobidy. Most banks would probably deposit a 'mach larger amount of stock than was required to cover their ordinary issue, and with this securtly on band the Government could tide over any to be legal tender for any oerlad that might be necessity.—Sydney Bulletin.

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rate a low shares are on offer. Nothing doing In Luzins,

MINING SHARES.-Panjoms have been done $5 to $4.90 for andburry shares, and at $1.40 for preference sha***, This Company is now the ordinary shares, and same payable on or before the 3rd proximo. Charbonnages sold at $125, but at the close they are offering at that rate, buyers refusing to pay over $ro. New Halmorals bave toen done at $6 to $5.90, and

“Heungshan and Fatskan have been docked the-Investor there tempted to part with his cash Can lie and the other gentlemen of the Com-reported 71 L T. Rep. 761) that the plaintiff had sudden crisis by declaring the notes so covered making the final call of 15 cents, per share on mittee responsible for the arrangements upon consented to the new mode of dischatzing the the 27th aliimo in aid of the fands of Aliceal-water, and, there being no negligence or part of the defendant, he was not entitled to ICCOYCE,

and thoroughly overhauled, and repairs effected to the other vessels. The values of our invest- ments in shates of local joint-stocks have advanced considerably during the half year, and the Board, after allowing for possible decline, have placed this appreciation at credit of Profit and Loss account. Last half year some of these shares were written down to allow for depreciation. It is our practice to write them up or down according to whether they have appreciated or depreciated, as a question of account. The amount being caurled forward in somewhat larger than usual, but your Directors deem it prudent to, in this respect, follow the trampic of other steamship companies, In order that the fullest provision may be made for depre- ciation of the steamboats. And now a word with regard to the disapp:latment that has attended our hopes-I may say anticipations—as to the early opening of

THE WEST RIVER,'

to foreign trade and navigation. When the Treaty of Peace was first concluded it was telegraphically announced that among its stipulations was a clause providing for this concession. On the pobilcation of the Treaty, however, it was apparent that thle concession was among the demands withdrawn, and it is to be feared that we may have to walk some time before this privilege is conceded by the Chinese Goverment, According to Reater's telegram published by the Chamber of Commerce on Friday, the 16th July, our French friends have just obtained a very advantageous tresty, in which some valuable concessions are embodied; we must therefore hope that Lord Salisbury, will insist upon the terms of settlement for the recent outrages on Missionaries including such commercial concer- slons as will prove an equivalent for those gained by France. The British Minister at Peking is, we are to?, exerting himself in this

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by one prospectus after another Cotton Mils, each more enticing than its predecessor, Fortunately they all guarantee to retain a cer tain comber of shares for sifatment in this benighted colony, "to that if we are without "go" ourselves we may nevertheless reap some bene- fit from the "push" and enterprise of others.

Wonder If it is true that somewhere on this island there is a Rope Manufacturing establish- ment which imports its raw material, exports its finished product, earns dividends, and sees its” shares quoted near 200 per cent, premium !

· Likewise, wonder if over there was a glass- "blowing" Co. in Hongkong which, from the nature of its wares,'was transparent, fragile, brittle, couldn't stand a reverse, and broke i

Wonder what amount of money anga: refining has brought into this colony and what quantity of sugar-cano le grown on the bland i

Island too dear'? Is labor too costly? Is money too scarce, (house property brings a return of some 3 per cent. and Banks reduce the rate of laterest on deposits or is the summer heat too oppressive to allow the much-talked-of energy of the English race to assert itself?

Wonder why some one does not start s Colton Mult in Hongkong on taking lines, say, 5 per cent. commission to general managern $10,000 a year for Directors, and 50 dollars #place to the auditors. We should then know

that no selfish pecualary interests were concealed; all would be fair and above board. There are lots of prospec ures to choose from now. libert's is 564 and the profit is 24 per cent. Holliday's says colton - costs Tis. 11.5.07 yarn sells for

says cotton costs Tis. 13;. yarn sells for Tls. 54. and the profit is 26 per cent. Clearly, therefore, Ilbert is wrong, because the difference between Tis. 11.50 and Tix. Iz is neatly 5 per cent., and the difference between Tix. 54 ani Th. 56) is also nearly 5 per cent, so the gals must be 36 per cent. Voll's sout! Ilbert's prospectus says there is a duty of Hk. Tis. 1.1.0 or Sh. Tis. 2.3.4 of yarn; Holliday's Iguotes it, and as Tis 3.3-4

Memorial Hospital, as the following statement, which has been forwarded to us by Mr. W. E. Crow for publication, clearly shows pan

FINANCIAL STATEMENT,

Receipts.

Sales of Tickets.—

Messrs. Kelly and Walsh Mount Austin Hotel..... At the door...`

Total...8

Expenditure,

Printing—

Messrs. Kelly and Walsh (tickets and

-programmes) ............................... Mears. Guedes & Co. (Expresses in

Kowloon and Hongkong) Advertising

"Daily Prean” "Hongkong Telegraph "...... Hle of Plano :-

Mesra, W. Robinson & Co. Special Car :-

High Level Tramways Co. na

Balanc

Examined and found correct:

A. SHARP...

and August, 1995.

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GWILLIAM, TWIST AND ANOTHER :---The defendants sent out thels omnibus in charge of a driver and a conductor. When the omuibus $258.00 defendants' yard, a police inspector, belog of was about a quarter of a mile away from the 198.00 oplates that the driver was drunk, ordered him

36.00 to discontinue driving.... 492.00

7,00

Held, that there was no evidence of any necessity which justified the driver and conductor in banding over the omelbus to a third person to drive home, without first communicating with the defendants; and the defendants were there. fore not liable for the negligence of the third person while driving the omnibus home.

Judgment of the Queen's Bench Division 1.50 (ante, P. II5) rewarsed.

Per Lord Kater, M.R.: The implied authority 3-89 of a servant to act according to the necessity 3:30 of case le confined to certain well-known

Instances, such as that of a master of a ship, 12.00 the acceptance of a bill of exchange for the honour of the drawer, and salvago casos.—Lawu Times. 5.00 459-35

Total...$ $93.00,

W. EDWARD CROW, and August. 1895

THE WILD-CAT COLUMN.

The Nations! Bank of Tasmania reports net profit of £5.590 for the half-year, ended joth June, and reduces ta diy, to 5 per cent. This absorbs £38or, and after paying £100 income-tax there is £1,589 to carry forward. The National of Tal. was founded in '84 out of the rates of the Bank of used to have a humble reservo of £17.500, but Tasmania. It has a capital of £152.040, and

doesn't seem to have provided to any great this has lately been reduced to £32,500. It

bank sooner or later, for between May and Nov. extent for the avil day which comes on every 94, it appears to have paid away in diva, all fa molts save £33, and this amonat kn't calculated to materially strengthen even a very smali bank.

ODDS AND ENDS.

The more healths a man drinks the less he│I also hear of sales at $6.zo to 86.25 for delivery will have him elf the next morning.

oa 30th Septemb. Jelebus have advanced, and up to $150 per share bay been paid. Faubi are firm with buyers at $4 40.

Almost every woman we know would like to proud of, know what some other woman has got to be so

If you have nothing else to do, see how rapidly thoroughly." YOU CAN SXT, "soup soothes Theosophists

My son, observe the postage stamp-ka ute.” fálness depends upon its ability to stick to one thlog until it gets there.

Never "Byt way for the summer a woollen garment of any kind that is spotted with grease or solled with 'mnd. Grense is astonishingly attractive to moths, and all the nábrushed clothes "age" rapidly.

-Why did you enter that man's house and roh Wanted, a Legitimate Occupation-Magistrate his safe? Please y'r Honour, I was only Irving to raises little money to buy meself a position on the police force !

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·DOCKS. WHARVES AND GODOWNS-Hoog kong and Whampoa Docks declined to for per cent, prem,, at which rate and for) per cent, prem.. sales have been effected, and farther shares could he placed at the latter rate. A salo at 10% per cent prem, for end of the manth is also reported. This Company will hold its half- yourly mesting on 19th fastant, transfer books closing from the gib Instant, Hongkong and Kowloon Wharf and Godown Company's shares bavo been sold at $40 ex dividend, which, dividend was paid on the 79ʻb ultimo. Wenchale

changed.

Lands have been done at $57, $579, 858, and LANDS, HOTELS AND BU'LDINGS —Hongkong

$59. clasfag with buyers at the latter rate; 1 hear that Chinese are offering for property at good rates. Nothing doing in other stocks M-SCELLANEOUS.—Green Talaude have found

"You're a fraud 1 said the blind beggar to the deaf beggar. So I bear," raid the destunder, this 'heading. beggar calmly. "I knew it the first time I saw you,” said the blind begear. And then the deaf | yess at $10.24; a few A. S. Watson & COM beggar male a ghastly smile.

abares bara bren done at So 75, and more exhibition of the presents received by Princeing $10. H. G. Brown's bave changed hands Great Interest is taken in Berlin in the shares could be placed readßy, holders demand- Bismarck in the last 25 years They include the pen with which the treaty of peace waS signed between Germany and France, in 1871.

The question of luminating the churches by electricity is being discussed in Rome, and it is believed that this method will be allowed, except on the altars, which, as before, will only be

walk round the world, has broken down in lighted by wax candles or lamps with olive oil.

Mr. E. Londen, who set out it winter on a

Algiers. Before set log out he was warned by

his doctor that he was no ing sawisely, and he

writes now to say that he must give up the tour.

bean adulterated is to poor cold water on it. If The best way to ascertain whether coffee has

brownish bos 'pore it colour the water vary slightly; # mixed with chicory, the water will take a

matter, and it is to be hoped he will be backed up by the Foreign Office. I may mention that, in order to lose no time in such an event as the successful issue of Sir Nicholas O'Conor's efforts, we have obtained plans for a new light-draft steamer suitable for navigating the West River even in Its upper reaches, and are there. fore in a position to take the very carllest advantage of the opening up of this waterway. The only change in the Board of Directors was caused by the resignation of Mr. Keswick on his depistare from the Colony. Mt. Bell. Irving was invited to fill the vacancy, and bis appointment will vequire your confirmation. Ils more than another 4 per cent. It is clear any shareholder wishes for further information Shanghai does not know how to calcolate, for -Inhall be glad to answer any questions before the profit is cerialaly 40 per cent. 'Savce?? And

maving the adaption of the report. (Applause.)

Mr. Michael sked whether the Directors did yet Hongkong does not build a mill! If there not think it advisable that the shares held bỹ là a duty upon yarn spun in Shanghai the Company should be entered ln the accounts

of the same amount as upon yarn imported into at thele book value Instead of, as at present, Shanghai, and if Shanghal coiton is bad, dear up the course now followed made it look and unsuitable, what advantage can Shanghai the best part of another decade. Only Japan's their money has been stolen by aborigians. Press were not abused for any base par ore

their market value. When the market was

well to the report, but the speaker thought that

Complaints might be avoided In the event of the value of stocks falling considerably in future the book value of the stock was shown together with its curicot market value, thus the appreciation would be seen at giance. He pointed to the investments of the Hongkong and Shanghal Bank some of whose funds were invested in sterling securities and which were of soch ture that "by a mere stroke of the pen the Directors could show abareholders a profit of a millon or more dollars."

The Chelman thought the policy now pursued by the Board the mare satisfactory. On Decem ber last some allowance had been made for depreciation, but in the statement accounts now before the meeting it had been deemed advisable to show the appreciation in the form set forth. At the next meeting Mr. Michael could came forward with a formal resolution on the subject and it would then be fully considered,

Mr. Fenwick reminded the Board that at the meeting held In August of last year Captalo Tillet, suggested the advisability of making a return of the large capital of the Company to the shareholders. On that occasion the Board abjeeled on the grounds that it was highly probable the West River would soon be thrown open to the irade and commerce of the world and that therefore it was strongly advisable to have their own funds to draw upon for the purchase of suitable steers fastead of having to borrow '. Unfortunately, however, a year had clapsed and the date of the opening of the Weat River seemed a lax off as ever, and therefora he thought it well that Captain Tilet's suggestion should be reconsidered. The faterest of 3-1-6th per cent now brought in by investments did not team to him to be enough when there was a capital of about 1,300,000 at hand.

JAPAN VERSUS RUSSIA IN KOREA.

published in the Japan Herald is, save the The ride on the Korean Question recently

showing the gravity of the dilemma into which Kobe Herald In recent issue, interesting as

China. As several foresaw while the question the country has brought itself by the war with of peace still hung la the balance, Japan's sppeni to the arbitrament of arms has brought Russia into the field, and in every step that is contem plated hereafter that Power will, undoubtedly have to be reckoned with. It is no exaggeration to say that the China-Japan war expedited events and raised issues of the most vitel import which, in all human probability, would not saill the Trans Sleerlan Railway gave Russia otherwise have agitated Tapanese, statesmen

direct overland connection between Moscow and Vladivostock. In other words the war hat anilcipated the position in which the Far, Enst was expected to be five or six years hence. The success achieved by Japan has not affected This, we ray, was fere een this time last year.

might have dragged along quietly perhaps for the case. But for the recent struggle things

ference. Only Cosa: Ito and his colleagues statesmen dismissed the idea of foreign inter- discou ted the possibilty of an aggressive move- mant on the part of Rassis. How they could have persuaded themselves that the great northern Power had no designs, proximate or Interested in the Peninsula sawit plataly remote, an Korcs, is incredible. Obers far less enough. The position is recognised now, bow. ever, and the result is that men of experience Hike Mr. Olski parceive that the tatare of this country must of necessity be one of armed readiness, Constant and paremitt- und enormously increased armaments are amongst the penalties which must be borne as a consequence of the conflict. the cast is severe and burdensome. She is oo Japan bas awakened to find herself famous, bat longer secure in relative tosignificance she is

have over Hongkong, which can Import suitable catton from Bornco, India and elsewhere? Does not freedom fram "squeeze;" does not the protecting arm of the venerable British Lion (dow quietly wagging his feeble old tall) does not the fragrant smoke from the weed in the month-piece which our gealal Governor is won't topuff-puff; ders not the-does not-does--- Why stop at Cotton Mills? Why nol coatlaus with silic milia? What is the export daty on silk piece-goods from China, what the duty on rowing vigilince

ulik?

Yara made from waste slk in Shanghal is new being imported into Canton at the expense of

duly and a half and is woven there Into slik goeds! Why not stop it al Hongkong and weave it he e at the expense of only one duty? Why not?

Wender if any one ever did try to weave silk

Why were vermillion factories located in Hongkong except to escapé exorbitant duties ? If it is good in one case why should it not be beneficial'in an ether?

en adult amongst the nations and -as such Is

confronted with the task of keeping herself armed to the teeth and ready—a task which taxes the resources of some of the richest of Stater. In this position she deserves the

the

in Hongkong and whether there are five thou-sympathy of the foreign resident, we considers and pounds worth of michlaery golag And, in this connection, we decidedly disagron begglag for a thousand,

with our northern contemporary, the Japan Herald. A compared with Russia, whic covets the neighbouring peninsula,, Japan certainly has some show af right in Hermit Kingdom; and for our part we can not see that Russia's undisputed pre- ponderance at Seoul would conduce to the world' good one whit more thao, if so much as, Japan's It may not be England's place to listen to an alliance with Japan any more than it was her duty to throw to her lot with the great central European Powers composing the Triple Alliance. But it assuredly a not her duty to attempt to the work to which she has set thwart Japan

in her hand. And in saying this we are quite prepared to admit that the country is only externally, and not at heart, in touch with Occidental civilization. But when all is saidh that can be said against the thoroughness of have still to learn that there is less frendom Japan's 'adogion of Christian civilization, wa and independence amongst her people than la enjoyed by the subjects of the Czar, The relative positions and aims of the two nations which have been brought face to face by the recent war precludes or should preclude any active sympathy on the part of foreign residents in Japan with Muscovite designs in Koren.

Hasten Chinamoni Open your purses (we know who will take your money), bay laad (we know lots of people who will sell), order your machinery (every mercantile min in the place will tomble over in indecent haste to snatch from one another a commission) and put up your factories (Englishmen wan't), In the course of his reply the Chairmen said

Why does not the Governor head a public Caplain Tillet had been requested to consult with subscription list to start a mill of some sort shareholders on the subject and bring forward

the beads a list to send money out of the a formal resolution in due course. That had not

colony for cricketers). It only wants someone been done. He (the speaker) did not think the

to take the initiative and the thing would go like openlog of the West River so remote a Mr. had much better make (or lose) their money In smoke. Try a cotton mill Hongkong people Fenwick imaglsed. "I am," said the Chairman Hongkong than in Shanghat. If not a Cotton "certain that Lord Salisbury will not allow the Mill, try a Rice Mill. They did once, and barat French to draw all the cheanuts out of the fire." Would it not be preferable to wait and see what it down or something because it would not pay. Better stil, sevirs the silk weaving industry, the new Government would do lathe near future? You can buy the machinery for an old song for Mr. O'Conor was moving in the matter and it might be assumed, or at least hoped, that the 18-start the paper mills at Aberdeen (they would Foreign Office would back him up energetically be going on now if the promoters had not lost all If the river was opened thers would be imme- their money) or have another blow at the glass diate need of lands to buy steamers, and it would works (they will tumble down very soon it some be far better to use their own money than one does not) never mind with what. Do some to have to beg for it. As to the question of thing for heaven's sake. Try even grass cloth. Interest Mr. Fenwick was in error, for at a Hongkong has been asleep for five years and we matter of fact the Company's investments had are now all waking up and desperately enger brought in 31.6th per cent during the past half- to get rid of that big cash balance of ours in the year or about 7 per cent, during the past s Hongkong and Shanghal Bank. Now is the opportunity, now is the day of salvation, Where moins, and there was good reason for world is the man? Where, I ask, is the mae to reader that in December an even better result would Hongkong famous for its foresight or its fally? be shown.

Oh I for Rathschild, a Mr. Fenwick-If I made a mistake I apolo-Would that such a one could write to lift us once Vanderbilt, or a Krupp! I thought it was only 3 1-6th, The Chairman, after a few further remarks and for ever from the slumber which threatens to which tended to show that the Thareholders resolve itself into the never-ending sleep of danih, might look forward with confidence to their lovestments bringing in more than 61 per cent. doring the six months ending in December of this year, moved the adoption of the report and accounts. Mr. S. Rustomjee seconded, and the motion en being put to the vote was carried THE DEPARTURE OF MR, G/G, BRADY,

gisc.

unanimously.

AFFJINTMENT CONFIRMED,

The appointment of the Hon. J.J. Bell-Irvingto the vacancy on the Board created by the resigna- tion of Mr. J. Keswick, who has left the colony was unanimously confirmed on the mailon of Mr. G. B. Dodwell, seconded by Mr. Fenwick, RE-ELECTION OF DIRECTORS.

The Han. E. R. Bellos and Mr. J. Kramer, ware then re-elected members' of the Boarð að the mation of Mr. Michael, seconded by Mr. Denison,

RE-ELICTION OF AUDITORS.

CORRESPONDENCE.

(We do not necessarily sndorse the opinions expressed by

Carrespondents in this column)

TO THE KOTOR or the "Hongilong Telegraf”” Dear Sir,—Can you inform me bow it is that none of the Committee men of the Amateur Dramatic Club have thought about starting a subscription list for the purpose of presenting Mr. Brady with a convenir prier to his departure for

Batavia ?

5 If there has ever been anyone who has made himself deservedly popular here on the stage, or, for the matter of that, everywhere else, it is Mr. Brady, Those who have had the pleasure of spending a few hours la Mr. Brady's company all know that as an amateur comedian and humorist he has had no equal in Hongkong, What the Smoking Concerts will be without him and how we are to get on minus" our very own Terry" In the Pantomines, I am at a loss to under stand. But it is to be hoped he will turn up ngala before very long,

Thanking you in anticipation for the insertion

I remain,

On the motion of Mr. J. Kramer, secunded by Mr. Gomer, Messm.' A. OD. Gourdin ware re-elected auditors,

DIVIDEND WARRANTS.

The Chairman-That's all the business, gentlemen. Dividend warrants will be ready at 108.. on Tuesday. Monday is a holiday so | of this, We cannot lasne the warrants till Tuenday. I thank you for your attendance.

This concluded the meeting and the share- holders thereupon dispersed.

INQUIRER.

Yours faithfully,

Hongkong, 3rd August, 1895,

LEGAL JOTTINGS.

ABBOTT & CO., LIMITED D. WolSKY:—{D AD action for zon-acceptance of goods sold, of the value of upwards of 107, it was proved that the goods were sent by the plaintiff to the defendant with a delivery note, that the defendant took a sample from the bulk, and then, saying that they were not equal to a sample in his postereldk, refused to have them.

Held, that there was evidence on which the Jedge at the trial of the action might not unre- sonably find that the defendant had done an ' act in relation to the goods which recognised as pre-existing contract of sale," which con- atlisted an acceptance of the goods within sect. 4 of the sale of goods Act, 1993.

The malicious disturbance of another in his calling or business, causing him damage, is an. actionable wrong,

crediten on the 17th with a proposal to reduce The Colonial Bank of Australasia mects its interest on deposits to 24 per cent. for five years, and thereafter to pay current rates, whatever these may be. One-fifth of the 5, 6 and 7-year deposits are to be paid on maturity and the other deposits are to be extended for three years. The four filths extended for five years. The ro-year one excellent feature about the Colonial manage ment was that it never took British deposits, the City of Melb., which started much earlier, t Its creditors being settled with quickly, while

Scotch creditors who have a vague idea that still struggling to explain things to indignant

writing off good deal of its capital as lost whes The Colonial, it is also understood, intends a new Actils passed making such a proceeding possible.

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Seventeen years ago Christchurch (ML)

fixed for so years, so that the loan can't be repaid borrowed in London 100,000 at 6 per cent. Drainage Board reported joyfully that it had

boom-time. Now the decreman in property value or the interest reduced until 1918. That was in has made the 6 per cent, an awful and fatolerable barder, and, judging from present appearances, Christchurch may, in a few years, go broke after the fashion of Oamaru and New Plymouth. In addition to 500,000 advanced by the State, Maoriland local bodies of ode kind and another, have borrowed locally £1,100,000, and in London over 1,000,000, Of this amount nearly one- half is at rates varying from 6 to 9 per cent The British Shylock has been worse than the local one in his dealings, more than half his money being lent at six and seven per cent. Under these circumstances, the going broke of various Maoriland local bodies can be viewed with complacency. The probable end of the business will be that Government will offer the various creditors 3 or 34 per cent. with a State guarantee, and put a stakes limit to future borrowing, ar, better still, shut down on all borrowing except from the Treasury; and put In some kind of a receiver to collect the interest and sinking-fund til the liability is cleared of This process would save the country fully £120,000 per annum-a very large amount for so small a community.

The Smallest Republic to the world-mailer Pyrenees-is Tavolara, an even then Andorre, the Hule Republic in the miles from Sardini; The island is only 1 miles Island about 7

silent is elected for six years; no public official cross, and has only 55 Inhabitants. The Pre- recelves any salary; and women have the same rehts of voting as men.

Mr. Balfour spoke thas, at the annual dinner

the immense responsible powers of the English fanctions of the Engilsh Press:-As a whole, of the Newspaper Society, of the character and

fndependent of any Government Influence or whatever. The English Press was absolutely control; to it blackmailing was absolutely Radical politicians did not expect flawery eulogles unknown in any form; and thongh, of course,

public interest in the best light, still the Press, from Unionist Press, any more than Unionist politicians expected to be photographed for the

individuals, and no individual career had over with all its powers, never directed them against been ruined or crushed by the flagitious Influence which the Press possessed; while, on the whole, every side of every question in the long run gat a fair hearing.

According to the Japanese Official Goastis, discovered

large subterranean cavCIE was recently at Gonendal, Minamikatamura,

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Toyoda Gas, Hiroshima Ken, while the people

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$1 to $31 and more tharan can be placed at the latter rate. Hongkong Electrics are steady at $. Gag shares can be got at $115, buyers offering $100 per share, Rone shares have changed hands at $130, and Ices at $83, both stocks closing firm with hayers. Brick and Cements Are weak at $7. Other stocks onchanged.

SHIPPING AND MAIL NEWS,

MAILS DUE: Canadian (Empress of China) 5th inst. French (Syday) 6th Înx.

Indlan (Catherine Apear) 6th inst. American (City of Rio de Janeiro) toth init. Tacoma (Strathnevis) 14th Inst. American (Garlic) 191h last.

THE Canadian Pacific Railway Co.'s steamer yesterday afternoon. Empress of Faßan lett Yokohama for Vancouver

The Canadian Pacific Railway Co.'s steamship Empress of China arrived at Shanghai at 11 p.m. yesterday, and left again at 9 a.m. to-day for this port. She may be expected to arrive at about 4 p.m. on Monday,

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THE P. M. S. S. Co.'s steamer China, with mails, &c., which left Hongkong on July 9th for San Francisco, via Nagasaki, Kobe, Inland Sea and Yokobama, arrived at her destination on the 1st last

WE are informed by the Agent of the Meistgeries Maritimes Co. that the steamer Sydney, with the next French mail, left Saigon for this port at la s.m, 10-day, and is expected here on Tees- day at daylight...

THE D. D. R. steamship Bellona la dae here on or about the 8th inst. from Singapore. She will call here. reudy to Yokohama.

SHIPPING RETURNS.

From 5 pm, yesterday to 8 p.m. to-day, Tiachioti...teamer (rom Bangkok.

ARRIVALS.

Fushun Lyderhorn. Talsang.mmm # Lifoo

Glenartney m F. P. Litchfield ...

there were removing a large stone. The removed "stone was found to have been the upper cover of a stone chamber which was apparently divided Into two, one measuring about four mats (5 by 12 ft.) and the other six mats (9 by 12 ft.). Each 8.4 feet in length. 4.2 in width, and 1.4 to height. 'contained a stone chest. The large measured and the smaller 6.9 last by 3.8 feet by 5.1 feet. In these chests were found several gold and coppet slugs, a broken sword, and some earthen vesicle, apparently flower vases. The cavern is evidently an ancient tomb, but as to whoic traced in the absence of records. Local tradi-Arroye tomb it was or when it was built nothing can be

tions are said to throw no light on the subject.

COMMERCIAL NEWS,

HONGKONG SHARE MARKET.

Hongkong, August 3rd. issued at noon to-day states

Mr. Erich Georg in his Weekly Share Litt

The Bulletin kas long maintained that all and that the local market would supply money Australian borrowings should be done locally,

The result to the South Australian loan, donted cheaply as it could be obtained in London. last week, proves this contention to be correct. Compared with the results of three other loans recently issued in London, maiters stand some-active, but, although transactione havo nol been Business during the week has not been very

what-as follows :--Maoriland, which has floated important, the tone of our market is much no loans for s-good' many years and has now healthier, most stocks being firm and in some the best credit of mil the provinces, got its money cases showing an improvement in ratex. Maney In London at 63 6s, 6ð, per cent, interest. | is easy and most of our Banks have reduced the £1 Bs. per cent, and the Queensland loan costs Westrail raised its money is the same city at

Interest on fixed deposits to aj per cent, for 3 menths, to 31 per cent, for-6-menths, -and to 4 per cent. for a fixed deposit for 12 months. This about 3 115, per cent. This is calculated on the amount received, after deducting accrued cannot fail to benefit property and regular interest and probable expenses. –The §.A. loan Interest-paying stocks, and "bigker rates may was fosted in Adelaide at £3 10s., more than rule before long twice the amount required Balog offered at very short notice. The loan was issued at a fized price; under the tender system it would probably bare realised more and tå us reduced the faterest Moreover, Adelaide is not a foancial centre ilk Melbourne and Sydney, in either of which cities the operation would probably have been con- ducted still more successfully. Yet, after allow. lng for the saving in expenses, the S.A. Govern ment har dons decidedly better in Adelaide then the Queenslanders did in London, and has done very nearly as well as Maoriland and Westralla, And, in any case, it is far cheaper in the end to pay £3 101 per cent, interest to oneself than £3 6s. 6d. per cent, to anybody else, That is just where the difference betweez local and foreign borrowing comes in.

BANK SHARIA-Hongkong and Shanghals remained quiet with only ausalt buyers at 180 per cent, prem, until yesterday, when a demand sprang up, and several lots have changed hands at that rate, market closlog with buyers at. 181 per cent. prem. In my last circular I said that the gold deposits had fecressed by $361,910.74, which is a little misleading. Although the dollar account shows this difference, the actual Increase la 4235,466 32. god., the difference being accounted for by the higher exchange. The total figures are as follows :— Gold deposits

1

Shanghai.

51

Kutchinotan,

#

Canton.

E

Canton.

Swatow, gic.

19

"New Zealand.

Aggregating 10,206 tons register.

DEPARTURES.

steamer for Haiphong.

Slogapore.

Shinghal.

Singapore,

Amoy, eta,

#

Asb.... Centennial..... Aden

Hongkong Shantung............ (ship) Baltimore,

Aggregating 9,349 tons register,

*

The British steamship 7afcklow jett Kok-sl chang on the 27th ultimo, and had moderate. winds and equally weather to Fulo Obl; thence to port had variable winds and flue weather.

The Chinese steamship Fussin left Shanghai on the 30th ultimo, and had strong south-west breeze and moderate head sea to Talchow Island; thence to Lammocks had fresh to moderate south-west monsoon and smooth' ses with fine clear weather; thence to port had light to moderate monsoon and fine weather with smooth ser

HONGKONG USED WHAMPOA DOCK RETURNE,

Serrano.............................................. Îμ Kowloon Dock; Chingt# Cosmopolitan

SHART WORK.

We have the pleasure to congratulate the local Dock Company on accomplishing another plece of smart work. The Preussen, 3.615 tons register, was put into the No. r. dock at Kowloon on Thursday night, the rat fast, at 7.30. The vessel's bottom was thoroughly cleaned and two costs of Rahtjen's patent composiitan put on from load lins to keel and the venel floated ready for undocking at 3pm. on the and fast. of 191 hours from the time she was in-dock until she was afloat and ready to go out again, This, we think, will bear very favourable comparison with glasilar work in any part of the world. The 10,645,414-58 | Prinssin talled at 5 p.m. last night for Shanghal

es per present

J. £ d. report.........3,300,107 13. 0.=$30,908,315.32 Gold deposits as per last report.........3,064,641 9.

•

+

NOTICE TO MAXINERS. YANGTZE RIVER—K{UKIANG DISTRICT NAVIGATION,

Flisroy Island Beacon Light. Notice is hereby given that the Fitzroy Island Island Beacon Light has been shifted 100 yards quence of the washing away of the river bank. N. a deg. W. from its last position, inconse. By Order of the Inspector General of Cystems,

A. M. BISBEE,

Const Inspector,..

Coast Inspector's Office,

held a conference and drafted the outlins of s The leading bank-managers of Australia have

new bauling bill, which the various Parliaments Indrekne kui 535,466 .3 16.-3 161,910.74 are to be invited to accept. It provides for a FLOOD AND TAYLOR V. JACKSON, KNIGHT, stringent definition of what constitutes a bank, National Banks bare found buyers at £15.50 for AND ALLIN-The defendant A. maliciously for certain modlications in the quarterly returns, Induced the employers of the plaintifs to dis- for putting the note issue on a new basis, and

A (London) shares, and at 826 for B (China) shares; a founde, 'a share fotched $80, charge them, and not to employ them again.for a more definite form of audit. The scheme By this no breach of contract, was caused is not yet made public, but it is safe to assume Unions have been done at 8173.50, and ers in MARINE INSURANCE SHARES Lre very strong. between the plaintiffs and their employers, that it deals with all these matters from demand at that rate; China Traders found Held, that the fact that there was no breach banker's standpoint much more than from the buyers at 870, North-Calans are wanted at Tis, of contract did not affect the rights of the standpoint of the public. Meanwhile, the present 192; Yangtizes are on offer at $35, but at $94 plaiotics.

N. S. W. Bank Notes Act is near its expiration; they might be placed; Cantons have changed that comprehensive Banking Act which was hands at $170, and further shares could be promised is still missing; and Premier Reid's placed; Straits have been done in fair lots at State Bank proposals are very remote and $19.75 to $20 per share, Intangible. Under these circumstances, and FIRE INSURANCIS.--Hongkonga have found unifi the State Bank comes along, some legisla buyers at $20 to $25 per share, and are wanted tion is evidently needed to fill the gap. One at the higher rate. Chinas have been done at effective way to deal with the note difficulty $1, $81.50, $82 and $821 per share, and are would be to provide that any existing bank may sue notes to any extent, on the one condition

now in good demand at $83. that it deposits with the Treasury, Government Steamboat shares have been sold at $31.75, SHIPPING Hongkong, Canton and Macao stock to the full amount of its issue, said stock $33. $32.25 and $33, and close steady at the to be held as security les the notes and used to latter rate. Indo-Class-could be placed at redeem them in case of default. On the deposit $45, Chlon and Manitas have advanced to being made the Treasury would issued a licence 62 50 with a small sale, and Douglasen have to print and circulate notes to a cerisia definite changed ownership at $43, closing strong amount. The time being thus practically Nething doing in China Mutuala.- roof bullt over the arts. The pipes from the roof guaranteed by the State the present regulation, REFINEA Chins Sugars have changed having become clogged through no negligence | by which paper-money is redeemable in gold si i hands in small lots at $104 to 8105 ; at the latter | China --Watkins & Co. Hongkong.

GILL AND OTHERS v. EDOUIN, The plaintiff had the right of discharging sala-water from the roal of his bouse by means of pipes into an open area which belonged to the defendant. The defendant began to cover in the area with a flat roof, and dispute arose between him and the plaintiff's right. They came to an arrange ment upon certain terms, under which the defendant finished buliding the roof over the ares and the drain pipes by means of which the plaintiff's rala-water had been discharged. were sitered so as to discharge the water on to the

-- Shanghai, 25th July, 1895.

SCOTT's Emcision of Pore Cad Liver Oil with Hypophosphites ft the most valuable remedy for Consumption Scrofula, General Debilliy, and Brenchilis that has ever been produced. Wasting Diseases of Children, Chronic Cough It is very palatable it is very fattening and strengthening. It will case at once the m violent cough and will give both comfort and strength to the sufferer, I possesses the combleed virtues of these popular remedies la thefr fallest form. Any Chemist can supply it.— Sole Agents for Hongkong and the Empica Ja