1901-07-04 — Page 3

BANK OF CHINA AND JAPAN, An extraordinary general meeting of the Bank of China and Japan (Limited) was held on 30th May, at the Cannon-street Hotel, for the purpose of considering the advisability of voluntarily winding up the bank Mr. W Keswick, M.P. (chairman), presided. The secretary having read the hotice convening the meeting, the Chairman said?—

THE HONGKONG TELEGRAPH, THURSDAY, JULY 4, 1901.

coul te them such resources as were open 16 them. There were banks who had the ma chinery necessary in the East-the Hongkong Bank and the Chartered Bank of Ladia--for the realisation of their (the bank's) assets, was it not possible to approach them as to what terms they would be willing to accept to engage in liquidating the bank

The Chairman said that he could quite understand that the expenses had been viewed That meeting had been called in consequence with some anxiety. They were heavier last of a circular which bad been issued by Mr. B. Ryear, as he had stated at the last meeting, Fleming, who held 234 shares, suggesting that owing to the changes which had taken place in the bank should be voluntarily wound up, that the staff and the employment, of an inspector gentleman having nu supported by sufficient in the East, But they had this fact, those ex- number of starchofiters to render an extraordipenses were met last year and they had 9,000 pary meeting necessary. The lloard could not,

In addition. With regard to the future he was however, but regret the effect of the agitation, very indisposed to say much because he knew which must bugyitably be injurious to the opers it was, prophesying. There was a good field, tions of the bank, and they felt that it would have and if they could get the right men to conduct been more prudent at this time to have post the bank's business there was also a likelihood poneda deciston on the subject, Mr. Fleming's of larger profits. The intention of the Board, circular struck him as having been conceived as intimated, was to meet the shareholders in a spirit of antagonism the Board, and as with a definite proposition early next year. If indicating a feeling of disregard on the part of fiquidation was decided upon he would only say. one possessing but a small interest in the com- that the bank's position was a simple one. It had pany for the greater interest of others. The no inbilities and everything could be realised Board had, throughout a long liquidation, with great promptitude. With regard to the Chi; striven camestly to protect the sharchadiers,nese Shareholders, the bank had recovered close and the effect of their effus was inbre

upon .coo from one Chinese, and they had visible in je recoveries which had been got recoveries this year from others who had rade in de camines of the new bank, refused to pay hitherte. The bank could quictly though the latter had ant been wholly go on, getting in all that was due, without unimporum, considering the bunited capital at incuning expenses, until the directors could first available and the difficulties of the site put the scheme which they were considering

ation. At the time the scheme of reconstruction was framed, it was estimated thuit after the call'

before them.

Mr. Fleming then submitted a resolution" then madu was enflected there would be avail to the meeting that the Bank be voluntarily able for working capital about L20,000; but wound up that sum bad on Dre, 54 hest reached the figure of £220 050, in casequence of the recoveries dator appoined," must be omitted. If the The Chairman said, the words, “and a liqui, which had been effected and of careful liquid resolution was carried in favour of liquidation ation. (Applause.), Though the agency of a subsequent meeting would have to be held, the trunk liqendatia expenses had been saved, at which a special resolution would be passed ant resnits obmined which the Board considered

A shareholder said in regard to the large to have fully justified the policy of maintaining recoveries to be, made from Chinese share the bank as a going concern, and, if it appeared | hohlers a great many of them must be dead, desirable, of alaking a residjustment of capital, The band's cay Pal wis sumall, and although he rose ent upon deal with the feliciency tght there was a good business for a bank arising from the Hispanidering of the old bank. Tading between London and the East Le, India they did not advocate a change.

was quite | and China, he didust think they were sufficient trid that the bank's profits had been disapty strong to carry out that business. He did not, pointingly smell; but it should he remembered at the site time, think it advisable to go into that for 4 consisterable time the available capital fiquidation at present. Would it not be better was not large, and that repeated talk of wink if they could get another concern to take over ing up and an informar, though needless, their business, their cash assets, their buildings wani-ni confidence tended greatly to inere se

and good will, and pay them in cash, the old the uphill character of the manager's work shareholders to have the preference of shares Still, the results had agt been inconsiderable in the new bank? If between this and early when all circumstances were kept in view, and

next year the directors could draw up a scheme the Board believed there was reason to have of that sort he thought that would be the best

• contidepre in the querest of the Bank if it were placed is a position to nka a légitimate share of the Eastern banking business. This could be seruted by making early next year the ad justment that was eensstry in dealing with the delicinky shown o far by the liquida-

tion of the aid back. The directors understand there would be no difficulty in treating the ascertained deficiency as a loss that was to le written off the new hank's nominal capital, and then treating the pervenies that mightill he

made as a reserve furst and an miset of the now

Ink. The probable figures would be a paid up capital o per share on 107,000 sfintes, with an uncalled capital of £2 per share, and. with 95,she shay, sunullotted, the reserve fund depending upon the amount recovered, which, if the Chinese and other shareholders in the old bank could be compelled to pay their indelved ness, might reach a considerable sum. The Board believed the bank had every likelihood of heing successful, provided the adjustinent which tre bud indicated could be carried out, and the managers could settle down to quiet business, calzasser by rumours of winding up and other statements destructive of confidence, The field of operations was large enough, and afforded sufficient opportunities, provided prudent management could be obtained. The considerations should also be borne in mind that if the kink were reconstructed as indicated

the shares would have a market value.

Mr. Basi Fleming said he had called that meeting and felt sure that a great number of sharebriders shared with him the opinion that the bank should be voluntarily wound up. He had no antagonistic feeling towards the Board, buche thought they bad failed in their duty towards the shareholders very much indeed. They had been going on now for six years, and during that time the profits bad been about 7,000, whilst the expenses were enormous, being £12,000 in 1896 and as much as 14,791 last year, and they did not know where they were going to stop. As to their three branches in China, u could they expect to get good managers when they could not afford to pay them good salaries As to the Chinese share- holders he thought they stood but a very remote chance of recovering anything from them. A great number of these shareholders bad abso- lately never had any money and never would bave. The present market value of their shares was 155, whereas if the bank was not wound up something like 4. would accrue. He held

|

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solution.

Air. Worley then proposed as an amendment that it was the opinion of the shareholders that it would be inexpedient to take steps in the direction of liquidations of the bank.

Cm being put to the meeting the amendment was carried by a large majority, only three or four being against it and in favour of the sub- stantive resolution.

time proxies for 35.000 votes in favour of con- The Chairman said they held in the present ning the bank as they ind suggested:

LOND MILNEK AND THE PRO-BOERS.

The Look-out man of Pairplay speaks his in plainly. He says:

liars, railriders, dwellers in caves, dirt-nollers, Lithe Englanders, pre-Boer cranks, pro-Boer and others of the same kidney fany inteligent reader of the newspapers can at once spot appropriate types of the different varieties] must be sorry by this time that they ever spoke, for it is owing to them, and to them alone, that Sir A. Milner has been so promptly made a peer, and that the Prime Minister and Mr. Chamberlain took the unexample step of meeting him at Waterloo and escorting him to the presence of the King, which he left Lord Miller, The peerage no doubt would have the brilliant services rendered to the country, come in good time as the fitting reward for but the lying insinuations spread broadcast by the pro-Boer press required prompt refut alion-and got it. On the whole, the pro-Boer crunk is more dangerous than the pro-Boer liar, because he is more respectable. He does not lie himself, but when the liar has lied the virtuous crank does not contradict him. He becomes suddenly deaf, and goes on with his prayer, or his hymu, or his dinner, whichever may be on at the moment. He may even, per- haps, endeavour to excuse the lie on the ground of provocation, but ngger will be denounce it That would be to impede the gond cause.

THE "TERRIBLES" BOILERS: :

deat in one of our evening contemporaries, says

According to the statement of a correspon

H.M.S. Terrible have given a great deal of the L. & C. Express, the Belleville bollers of

trouble ever since the ship has been in com mission. Letters just received from the China: Station say that the cruiser's boilers become. worse instead of better; in fact, are giving, so much trouble that the ship will be sent home as soon as she conveniently can be. At Ports mouth the work of completing the Powerjui, the Terrible's sister ship, is being pushed on. It is quite understood that she will go back to China in relief of the Terrible. But neither ship is ever likely to show the British taxpayer. value for his money. By reason, prinmarily, of their Belleville boilers both ships are so frequently under repair that the cost of keeping them in a sea-going condition is enormous.

IS SWITZERLAND PREPARING TO FIGHT?

:

J. D. MILLER, IN THE "METROPOLITAN

MAGAZINE.

NOTANDA.

CALENDAR

JULY. Meteorological vidians based on fifteen years observations to 1598. Barometer ............ Thermometer ....

Humidity Rainfall

..29.738

.8.6

.83 0

14 310

TO-DAY.

WEATHER REPORT.

On date at On date i

39.75

29.69

79

$3

-95

77

0.30

TO-DAY.

Barometer.. Temperature Humidity.

Rainfall...

Thursday, 4th July, 1901. Chinese-roth of 5th moon" of 27th year of

Kwang-si, Sun-Rises .....

Seis

shr.amin. Oh, 47min. High water-ferning ........ ghr. 44min. Afternoon.......thr. 47 min. Low water-orning... zhr. i6win. Afterson se smin.

ANNIVERSARIES,

found rusdered at his post. 1879-General Guint presented in the Mikado,

1896-Public entry of the Tsar and Tsarina 1884-Telegraph cable between Hongkong and

Macao completed.

into St. Petersburg.

1898-French Atlantic liner La Bourgayne collided with ship Cromartyskire in the Atlantic. Goo lives lost.

The Swiss army has repeatedly in its history hurled back the trained legionaries of Europe, and today fronts the world in its Alpine fast- nesses, calm and peaceful, though evidently contemplating future comprests. The spirit of 1776-American Declaration of Independence independence was born carly ameny these 1850-Integy of Denmark guaranteed. snowy peaks and quiet valleys. To-day the 1863-Vicksburg surendered to the Federal federal tie binds loosely enough the twenty-1875-The keeper of a Shanghai teision two cantons or states which make the Swiss Republic, thought this looseness of tie is no measure of the strength of that unity which so the people, The motto of Switzerland has Jong marvellously knits togetlier the national life of

been "All for each, and each for all. And, indeed, each of these cantons had been admitted into the League only when it had indispus ably proven its ability, as well as its willing- ness, to defend its Eberties. One, after another had won its right to membership in the Leagne by successfully resisting the encroachments of the Hapsburgs. They were great soldiers, these Swiss, at all times. They made their country the cradle of the art of war. Their pulitary prowess was born apparently, a night, and generals of ather armies, in the days of Moigarten, Sempachy and Laypen, marvelled from what source these wonderful peasants could bave acquired their knowledge. In an instant they had changed the battlefields of Europe from cavalry charges into infantry, encounters. Zurich, with a small garrison of 4,000 men, had successfully resisted the siege of Charles IV. with 4,000 knights and, 40,000 borse and foot, until, for mixed reasons, not among the least of which was the formidable obstinacy of

these grim defenders, Charles abandoned the Siege. At Mergarten, where for the first tinfe in history peasants on foot met and vanquished cavalry, the Sriss, armed mostly with stones and tree trunks, hurled back the armour-clad knights of Duke Leopold with the loss, of many nobles. Seventy-one years later the battle of Sempach-where another Leopold, a nepliew of the former, 'was killed-såw the Austrian army routed by this wonderful pea santry. To this battle indition has ascribed the legend--for it is little else of Arnold von Winkelried "gathering to his breast the sheaf of spears," that he might make a passage through the Austrian ranks for his sturdly fellows. Two years later the decisive battle of Nafüls humiliation to the Austrian arms. The. inva- was fought, which brought final and complete ding army was beaten back with terrible slaughter. This battle was fought on April 9,

88; trices of the entrenchments still exist, and on each recurring anniversary memorial services are held in the valley. This battle effected the final consunimation of Swiss' in.. dependence...

..

TD-MORROW.

June 26th. The officers of the s.s. Friman are, Captain O. Anderson, chief officer C. Webb, and A Burn, 3rd 1. Carle, chief engineer J, Runcic, 2nd M. Murray, 3rd P. Maquire, 4th J. Smythe chief steward J. Wilson.

Hailan, British str, for Swatow." Quarta, German str, for Canton." Loksang, British sir, for Swatom Hointson, British str., for Canton.. Kwailin, British str., for Foechow. Kawachi Maru, Japanese str., för Kabe, America Maru, Japanese str., for Shanghai.

June 29th. Mr. G. A. Elliot of the s.s. Whampoa is | Afin British str., for Shanghai. ashore in Hongkong preparatory to passing dustralian, British str., for Shanghai. for master..

Wo Ping, Chinese steam-launch, for Wuchow. - July 1st.

Germania, German str., for Hoihow. Captain Merlues, formerly of the Hollow,, has been appointed captain of the Flanol,

Departures. Captain Mertees, jun, formerly captain of the July 4, Cassina, German str., for Saigon. Hailan, is appointed to the follow in the July 4, Lowther Castle, British str., for Manila: same capacity.

July 4 Loyal, German str., for Tjilaljap. Captain Anderson has been appointed to the July 4, Uvita, British transport, for Taku.. command of the Hailan,

July 4, America Maru, Japanese str, for San

Francisco.

Mr. Rodger, formerly and officer s.. Dia maute has gone home, and will return as chief officer of one of Messrs. Shewan Tomes new steamers.

Mr. Fraser, 3rd officer, has been promoted and officer of the Diamante.

Mr. F. Turner has been appointed 3rd officer, of the same ship.

Mr. Swanton is appointed 3rd officer of the Esmeralda.

Mr. Arthur Notley is appointed chief officer of the s.s. Diamante,

July 3rd.

Mr. C. Westerland, chief officer bf the Hoihao is transferred to the same rost on the Hanai.

Mr. Riis, chief engineernf the Sizi, has been relieved by Mr. Rasmushin..

OMPPING AND MAIL NEWS.

MAIS DUE.

Indian (Suisang) 8th instant. Canadian (Empress of Japan) 9th instant. American (Garlic) 12th instant, American (Hongkong Maru) 20th instant

The N. Y. K. Co.'s steamer Izumi Maru Chinese-20th of 5th moon of 27th year of the 3rd inst, at noon and is expected to arrive

Friday, 5th July, 1901.

(American Line) left Shanghai for this port on Kwang-su.

here on the 6th inst., at noon. Sun-Rises

Sets

Ohr. Omin Shr. 55min. rohr, 27min. Afternoon......... ohr, zomin, 3hr. 5min. Shr. 4əmin,

High waterforning

Low water-Morning

Afternoon ANNIVERSARIES.

180g-Battle of Wagram. 1840-Tinghai taken by the British. 1866 Princess Helena married. 1875--The s.5. White Cloud launched at Bel

1883-Hongkong Sanitary Board first ap

cher's Bay.

1899-Un Loong murderers sentenged to be

pointed.

hanged. 1899-Stranding of H.M.S. Bonaventure at

Komiloff Bay,

AGENDA.

TO-MORROW. Nnon-T. K. Y. Co.'s steamer America Maru

*

The Imperial German Mail steamer Kiautschon left Kobe via Nagasaki and Shanghai and Foochow on Monday. pm, the 1st inst, and may be expected here on or about Wednesday, the toth inst.

The Canadian Pacific Railway Co.'s R.M.S. Empress of India, arrived at Kobe at mid- night on Tuesday the end in, and left-at she was due to arrive at 2 p.m., Thursday 4 inst. 1,30 p.m., on Wednesday, for Yokohamna, where

The Imperial German Mail steamer Stuttgart carrying the German Mails with dates from Berlin of the toth ult. left Colombo on Friday the 28th ulto, p.m. and may be expected here on or about Tuesday the 9th inst.

The PMS. S. Co.'s steamer Gaelic with leaves for San Francisco, via Shang-Mails, &c., from San Francisco to the 14th hai, etc.

ulto, via, Honolulu, has arrived at Yokohama, a.m.Douglas Co's steamer Haitun leaves and will leave for this port to-morrow morning the 5th inst, via Inland Sea, Kobe, Nagasaki and Shanghai,

for Swatow.

10

8p.m-Smoking Concert at the Masonic Lodge,

Zetland Street.

Daylight-E. & A. Co.'s steamer Australian

leaves, for Shanghai.

N. Y. K. steamer Kawachi Maru leaves for FRIDAY, 5th,

Kobe and Yokohama at daylight. Cargo ex Beider subject to rent. The P. & O. Co.'s steamer Bengal leaves

for Shanghai,

SATURDAY, 6th.

Noon-P. O. Co.'s steamer Chusi with mails etc, leaves for Europe.

The Canadian Pacific Railway Co.'s R.M.5. Empress of Japan from Vancouver arrived at

Shanghai, (where she is due at 2 am. on Kobe at 7 p.m. on Tuesday the 2nd inst, and left at midnight same day for Nagasaki, Saturday), and Hongkong,

July 4, Loksang, British str., for Shanghai..

Passengers-Arrived.

Fer Lyremoon, from. Shanghai-Mrs. Witt mand, and go Chinese.

Per Nurani, from Wei-hai-wei-Q.-M. Sergt. C. D. Buckler, A.0.C, 26th Beluchistan, LM.5, 12 European Officers, and Sergt. Free- mantle, RA.

Per Daijin Maru, from Coast Ports-Capt. Harrow, So Chinese and 25 Japanese.

Per Chusas, from Shanghai for Hongkong- | Messrs. R. D. Raw, W. Barlow, R.N., G. D. Browne, H. T. Nelson, A. Cameron, J. B. Mar- tin, J. Permatomed, 1 Indian and 1 Chinese. For Singapore-Mrs. Abmham Ezza. For London-Mrs. Lowson and son, Mr. G. T. Fools, Mrs. W. H. Bourne.

Per Bengal for Hongkong from Bombay- Messrs. J. Mahomed and Dorjaje. From Brin- disi-Mr. Woodward. From Marscilica- Messrs. Courtney and Knox, From Gibraltar -Mrs, Cidale and infant. Mr. and Mrs. Henri ques and 3 children. From Colonibo-Mr. Galt and 2

scrvants. From London- Lieutenant J. B. Macdonald, Lieutenant T. Thomson, G. S. Edmundson, Mr. and Mrs. Seek and infam, Messrs. Hedge, Buckham, J: Cross, and E. Hearle From Penang--Mr. Sergt. L.. A. Lyons, Lieut. D. Fulton, Messrs. and Mrs. G. T. How. From Singapore-Lieut. Butterworth, Messrs. J. R. Baird, D. P. Baird and Show Kit Sing Bombay--Messrs. D. K. Sethna and A. Hoste. For Shanghai from From London-Mr. A. Hosic, Staff Sergt.

and Mrs. Davies and 2 infants, Messrs, A. S. Thomas. From Marseilles-Messrs. Sander- cock and. Henderson.

Departed.

Adama. For Nagasaki-Capt. and Mrs. C. F.. Per Amerita Mary, for Shanghai-Mr. Crain and infant (U.S.A.) Messrs. F. E For Kobe-Mr. and Mrs. F. X. D'Almada E. Emery, J. McBain, T. E. Griffith and T. Sakai.

Castro, infant and amah, Misses D'Almada E. Castro, A. D'Almada E. Castro, E, D'Almada E. Castro and S. Sudzuki. For Yokohama Mr. J. W. Copmann, Mr. and Mrs. E. S. Josephs, J. M. D'Almada Remedios, Miss D'Almada Remedios, Messrs. C. Furuta, W. Kidd and E. H. Irwine. For San Francisco- Messrs. E. Jones, Lee Kong Ni, F. M. Tucker, Mrs. M. Herr, and Miss B. Marley. For Seattle-Mr. F. W. Brookes. For London- Mr. J. D. Fraser.

STEAMERS EXPECTED).

Names.

Frem.

Pur.

Dock

Kiautschou

Bisagno Kaisow.

Singapore Singapore Glenlagan.... Singapore Suisang Singapore. Glenroy

Singapore Empress of Japan..Japan Stuttgart

To-morrow

To-morrow

July 7th

July 8th

July 8th

July 9th

Singapore

July 9th

11

*

H

Gaelic

Japan. wajapan

July Icth

I

*

A

21

1)

HONGKONG AND WHAMPOA DOCK RETURNS. Arethusa .............. 2t Kowloon

Union Taku

Yuensang 3 p.m.-J. M. Co.'s steamer Tsuruhiko Maru | Keongwai..

will be despatched for Kobe.

Devonshire Unhappily a4 p.m.-1. C. S N. Co.'s steamer Fuensang Kohsichang

leaves for Manila,

Juno 12.15 p.m.----Meeting of the Shareholders of the Queen Adelaide Hongkong Electric Company Ld., at | Tris..... their offices.

C. N. Co.'s steamer Taiyuan leaves for Bris

bane, Sydney, and Melbourne.

SUNDAY, 7th.

The mountains fought for them, it is true; but they were as formidable on the plains of Lambardy as among their untive Alps. They were long the unbeaten infantry of Europe. into submission. In 150g they crushed the They terrified a great part of what is now Italy military power of Venice mercenary spirit had been developed among them. It is true that to fight for pay was not at one time considered dishonourable.. We have happily quigrown much of that, as we shall one day outgrow the desire to fight at all, when the causes of fratricidal strife shall have been removed. And perhaps not a little of the reproach brought against the Swiss soldiers who fought for pay was due to the fact that they fought better than most of those they met upon the field of battle. Their history is a long, uninterrupted career of fearful supremacy until their humiliation at the hands of their old | allies-the French-in 1515, and seven years later at the hands of the Spanish and the Landsknechts. They continued to fight inter- mittently in many European armies-nearly always, strangely enough, for the royal cause

until their career closed gloriously in the O. S. K. Co's steamer Maidsuru Maru w in Queenstown on May, 27th last, says the fornragedy on the steps of the Tuilleries, where

leave for Anping, via Swalow and Amoy.

SHIP DRIFTS IN THE ATLANTIC

FOR SIX MONTHS,

It is not often that as sad a tale of the sea has to be told as that whhis was made known

that it would be better for the shareholders 18 içg Leader at that date, on the arrival of the Geuman barque Planet from Mazatlan, Costa

the soldiers of the Swiss Guard fell in defence

O. S. K. Co.'s steamer Daijin Maru leaves for

Tamsui via Swatów and Amoy.

MONDAY, Sth..

Cargo ex Acilia subject to rent. 5.pin-C. & M. Co.'s steamer Peria leaves for

Manila..

9p.m.-Open-air concert at the Parade Ground,

Headquarters, hy the H.K. V. C.

WEDNESDAY, 10th.

Hailan Colonies..

Munchen Simongan. P.C. Klav

Cosmopolitan

++

21

*

Aberdeen

July 12th Hiroshima Maru... Singapore ......July rath

Hongkong Maru... San Francisco...July noth

Wa would direct the attcation of shipping firms to the style fo which "Steamers Expected" and "Projected Sailings" are now published in these columns, and in so doing respect. fully urge the managers of shipping fieme to give ordera te their clerks to furaliḥ this office, on the forms already suga olied gratia with the kainst available information suure day,

PROJECTED SAILINGS,

Ship:

Acilia...

PASSED THE CANAL. Outward-11th June-Kaisow, Kongsberg, Alcinous

Destination.

Dalt.

Havre, &c. Aug. 9th London.............. July 2urd

Foochow ... July 17th Sydney, &c.

July 24th Aug. 1st

St. Frene, Ercherzog, Frans, Ferdinand, Erica, America Maru... San Francisco, &c. Sept. 17th Glenlagan, Glenroy. 14th June-Bumberg, Anping Maru Patroclus, Ernest Simons. 18th June-Antenor, Australian Indus, Awa Maru. 21st June-Bingo Maru, Australian Edderton, 25th June-Mogul, Neckar 28th June-Benvenue, Stentor, Saxonia, Alexandria. Albert, Cocle, Salfordia. 2nd July-Bombay, China, Suevia, Konig Homeward-18th June-Stullgari, Banca, Dresden, Batuvia, Meridian, Oceano, Sithonia, July-Calchas, Ceylon, Laos, Fuaba Mern.

Arrivals at Homo-25th June-Ascania, Area Maru, Konigsberg, Marburg, 28th June -Wittekind, Antener. 2nd July-Bamberg, Dordogne, Preussen, Pyrrhus.

obtain an share and get rid of their billy | Rica, She left Costa Rica as far back as 180 ceasing their fire by the king's orders, sternly. (About)J. M. Co's steamer Indrani will be 25th Junc-Canton, Preussen, Silvia: 2nd

DISTRESS UNHEEDED.

of 24 a share than to go on as they were now. At the last meeting the chairman had told them days ago, bound to Queenstown for orders. that they had obtained £7,000-from the Chinese She encountered variable winds and wenther, 'shareholders, Luut had not mentioned anything and her passage was prolonged to an extra- about the law costs incurred thereby. Thereonlinary degree, and the natumi result op was only one more point, and that was why board aft such vessels similarly circumstanced should they go on, it endeavoring to find out followed, namely, that the provisions ran out, whether the agreements between the Chinese and the lord which the men were obliged to and foreigners were binding? Let some other live on was afsuch a nature that the wretched bank setile that question--the Hongkong Bank crew became stary-stricken, and, worst fate of Or so company having Chinese shareholders. all, the master and his two navigating officers Mr Worley said he thought the gentleman became most seriously affected, and the dead who had just spoken had not suggested any

fat calms which were fexperienced only served to accentune the horrors to which they were course which was a real remedy, Suppose they decided to en la voluntary fiquidation, they subjected. could not possibly gain anything by that What he considered mine advisable was to go

The sails laid limp to the spars for days and on quietly, restricting their business, husband-weeks at a stretch, and meanwhile the signals ing their resources, then at the right time they of distress which were kept aloft fur help were could divide the assets btween them. Far not answered by a passing vessel, nur, indeed, better and far less expensive would ti be than was another vessel observed. if they went into litigation. If they went into

Despair scized several members of the voluntary liquidation, somebody would pro- crew, and their desperate position became bably go to court and apply for compulsory more pitiful when they discovered that the liquidation, in which event they would have to mate was no more, death haring released pay up the balance of their uncalled capital. him from his sufferings; and, several members Mr. Thos. Hanbury said the two previous of the crew afflicted with the awful disease speakers had spaken from London point themselves stitched the mate's body in canvas of view, but having been a China mer and throw it overboard. chant for nearly 50 years he, perhaps, had more experience of this matter than many of those present. He had watched the bank in its career, and he might say he had not the slightest feeling against the bank, in fact he thought he must thank the chairman and directors for the very great care they had exercised during the five and a half years of its existence, and in avoiding bad debis. They were, however, all getting on in years, and although the talk of prosperity to the bank was rather alluring, the question was how long they would have to wait for that prosperity. They had expenses of about £15,000 a year, and against that they found last year a profit of £9,000; he prespined that profit was obtained by legitimate banking husiness. He thoughtmost of those present desired extremely to have the 44 per bare liability which was hanging over their heads removed, especially so" after "five" and a-balf years had passed, and they saw no dividends and no intefest on their capital

However, he did not, think; liquidation at the present moment would be desirable, and con- sidered it advisable that they should have another meeting at a later date, when they

despatched for New York, vía Suez Canal.

THURSDAY, 11th, Noon-N. D. L. Co.'s steamer Kiautschow with

mails etc, leaves for Southampton. Line steamer Glenesk will be despatch ed for London and Antwerp.

FRIDAY, 12th

steamer Indrapure leaves for Portland (Or) vin Shanghai and Japan ports.

WEDNESDAY, 17th.

Shipping.

of Louis and a tostering monarchy. Here, passively, with immortal fortitude, they received the bulletsand sword-thrusts of the frenzied mob. The ineffably stupid king had denied to them the privilege of dying like men; and so strong was the instinct of obedience that seven hund- red and eighty-six perished under their brave leaders, bardly venturing to raise their hands "Glen in their own defence. Thorwaldsen's "Lion of Lucerne," in its appeal rather to the imagina tion than to the eye, fitly commemorates the The "sacrifice..

The days of Swiss mercenaries closed in 1848, when such levies were formally prohibit ed, and the cantons turned to organising in their own defence. Shortly before this the people, in righteous indignation, had recalled. the Swiss troops in the pay of the King of Naples, which had been instrumental in sup. A. 1.. S. 3. Co's steamer Maria Valerie LYEFMOON, German steamer, 1,238, The Leh- pressing the revolution. To day even the instituted, with its yellow, black, and red uni Pope's Swiss Guard, which Pope Julius II, forms which Michael Angelo is said to have designed, seems an anachronism. medieval and impossible figures do not even remotely resemble the Swiss soldier of to-day whom one meet in Zurich, sauntering near the cavalry barracks, short, thickset, independent in ntanner and gait. of bearing, and just the merest trifle slouchy

These

At this time the captain and second mate were terribly affected by the disease, which seemed to have attacked nearly all on board, the Swiss people are preparing for war in times Of late there have been strong evidences that and the master and the only remaining officer and in a country of peace. The fever of impe- were so stricken that they could not tell therialism has without a doubt coursed hotly ship's postion on the chart, nor were either of through their veins during the past few months. them able to render any help whatever in They have a great military strength and fine navigating the ship.

SAFE AT LAST.

What was to be done in the face of so awful a position? No one knew where to point the vess I's head to, or what point of the compass to steer by, and thus for days they drifted about the Atlantic verity astray, until the 14th May when, 200 miles from the Irish coast, the steain ship Crumon Price, of London, bore down on the stranger and supplied her crew with fresh provisions and a navigator, who brought the ship to Queenstown after a struggle,

Meanwhile the captain and second mate also died, and but for the timely arrival of the Crown Prince the fate of the crew would have

been fearful,

The vessel was, fast drifting out of the track of passing vessels, and want of proper food had almost driven them mad,p.

O. S. K. Co.'s steamer Anping Maru leaves at daylight for Foochow via Swatow and Amoy.

leaves for Singapore elc. SHIPPING GAZETTE.

In future the Telegraph shipping form-sup. plied to Captains, of vessels will contain a

heading for notices of officers and engineers transferred or on leave, etc. Friends will much oblige by giving this information:

Mr. Rattenbury, now in Hongkong, takes goes home to bring out a new steamer. combiand of the Diamante, the present captain

fighting blood, and they know their power.. Military manoeuvres are growing daily more complex, more exacting. Every national inter est is subordinated to the craze for militarism, The number of their modern implements for deadly warfare is greater than those who have not followed the rap d efficiency of their great democratic army can guess, and their know ledge of warfare may soon surprise the world, Switzerland is ambitious, and Switzerland has enemies. It is a very natural. inquiry: Switzerland preparing to conquer Europe?" Facts seem to point to an afirmative answer: We may see before long another Napoleon, backed by a greater and a more formidable army than any the French have ever had, rise: up from the hills of this enterprising and Ag gressive little republic and make rare spion of the boasted prowess of the European Powers,

Is

Mr. MacArthur, and officer Esmeralda, is promoted rst officer, of that ship.

Esmeralda.

Mr. Johnstone, sails as. and officer of the

June, 24th.

"Mr. Gibson, chief officer of the Haitan, has been transferred to the Heilsong in the same capacity.

June 25th.

promoted and mate.

Mr. Fraser ex 3rd mate of the Diamante is

:

home on leave.

Capt Ramgay of the Diamante is going

Haichine.

Mr. J. Evans has gone chief officer of the Mr. A. B. Short Halian. Feed

acting chief officer of the

Mr. C. Walker, late 3rd officer of the Hal- feong, 15 promoted and officet of the Hailan.

Mr. Atwood, recently on sick leave, has gone 3rd officer of the Balisonge

it. Fairfield, has been appointed supernu mary and officer of the Halian,

·

New York Banca

Shanghai, &c. ......July 18th Bayern

Straits, &C. ...uly 25th Bengal

Shanghai... July 5th Bingo Maru......Kobe & Yokohama July 18th China..... San Francisco, Sc. Aug. 6th Chusan

Europe, &c. July 6th City of PekingSan Francisco, &c. July 13th Daijin Maru,.....Tamsul............... July 7th Coplic

San Francisco, &c. Sept. Toth Doric.............San Francisco, Aug, 15th Emp. China.....Vancouver, &c...... Aug. 7th Emp. Indin

Aug. 18th Emp. Japan

July 17th Gaelic

San Francisco, &c July 23rd Glaucus .....Liverpool...

Glenesk

Glenogle

Haitan...

Hamburg

Heathburn

London..... Victoria, B.C.

July 15th

July:'rith

July 26th

Swatoir, &c.....

July 5th

Straits, &c.

Oct. 16th

New York

Aug. 15th

July 16th

Hiroshima Maru. Moji. &c.

QUARTA, German steamer, 1,146, H. Johansen, Arrivals

3rd July, Newchwang and Chefoo 28th June, Beans and Oil-Melchers & Co., MIN, British steamer, 367, J. McD. Howie, 4th

July-Singapore 25th June, Conl-Butter Hongkong Maryan Francisco, &c July 30th field & Swire.

Hudson........... New York .....Aug. Tat 1. Chapman New York Ok, desp mann, 4th July, Shanghai-rst-fuly, Gene-idzumi Maru Victoria, B.Culy 8th-

Indrani

New York July 10th Indrapura... Portland, &c. ...... July 12th Jaya Marseilles, &c...... July 13th Kagoshima Maru Bombay

Jaly Toth Kaisow

Victoria, B.C... Ok desp...

July th July 19th

July 11th Aug.zzad * July 5th July 10th

ral.-Siemssen & Co. TAISANG, British steamer, 1,544, Bradly, 4th July,--Canton 3rd July, General Jardine, Maiheson & Co. LOKSANG, British steamer, 979, G. Leask, 4th July, Canton 3rd July, General-Jardine, Matheson & Eň, NURANI, British steamer, 2,870, J. E. Sundi. lands, 4th July,-Weihai-wei 29th June, Govemment Stores.-Jardine, Matheson &.Go.

KWEILIN, British steamer, 1,086, D. McKenzi

4th July-Canton 3rd July, General- Butterfield & Swire. BENGAL, British steamer, 251, A L Valen- tini, 4th July, Bombay 19th June, and Singapore 29th, Mails and Genemi.-P. & 0. 5. N. Ch CHUSAN, British steamer, 4,636, C. L. Daniel, 4th July,—Sbanghai 2nd July, Mails and General.-P. & O. S. N. Co. SULLBERG, German steamer, 782, J Jessen,

4th JulyCanton July, General Siemssen & Co.

HIP SANC, British steamer, 1,040, Murray Crockett, 4th July-Moji 29th June, Coal DAN MARU, Japanese steamer, 899) T.

Jardine, Matheson & Co.

Ogata, 4th July Tamsui 30th June, Amoy 2nd July, and Swatow 3rd, GeneralMit sui Bassan Kaisha

Clearances at the Harbour Off00, Kyeemon, German str., for Canton, Pak Jong, British str, for Canton." Acilla, German stt, for Yokobanja.

Kashing... Manila Kasuga Marufapan Kawachi Maru...Kobe & Yokohama July 5th Kiautschou...Straits, &c. König Alberi Straits, &c. KweilinFoochow

Tientsin

Maria Valerie Singapore, &c. July 12th

Kweiyang Maidzuru Maru... Swatow, &c. Nippon Maru Olympia Peleus Perla.

Preussen

Peru

fuly 10th San Francisco, &c. Aug. 24th Victoria, BC...... fuly 16th London Aug. 6th Manila (Direct).July 8th. San Francisco, &c. Aug. 3111 Straits, &c. Oct and Prinz Heinrich Straits, c Sept 19th: Prinzess Trene

Straits, &

Sept. 5th Prometheus London.......... July 11th Queen Adelaide, Victoria, B.C.July 8th Sachsen Straits, &c Sambia Havre, &c. Tacoma Victoria, BC. Stuttgart... Straits, &c.",

Taiwan Taiyuan.

Oct 30th

July rath

Aug. 8th

Aug. 6th

Port Darwin, &c. July 14th.

Sydney, July 6th

Tsuruhiko Maru Kobe... July 6th Wakasa Maru Marseilles, &c....July 12th.

Shangh

Wooung

Wierzbarg Yawzza Mara Yuensang, Manif

July oth

Havre, &c July 26th Sydney, &e... July 26th

HAPS July 6th-