TELEGRAMS.
**HONGKONG TELEGRAPH
SERVICE,
(By special arrangement with Der Ostasiatische Lloyd.)
Chinese War. Indemnity.
GOLD OR SILVEIL PAYMENT?
REPORTED AMERICAN PROPOSAL.
BERLIN, 17th Nov., 6 p.m. According to statements in the English press, America proposes to refer the question of whether the Chi nese war indemnity be paid in gold
THE HONGKONG TELEGRAPH, TUESDAY NOVEMBER 18, 1902.
THE HONGKONG AND SHANGHAL]. (→) To defray the income-tax of the London | ROYAL HONGKONG YACHT CLUB.
BANK DIVIDENDS AND INCOME-TAX.
(Contributed to L. & C. Express.).
The subjomed circular note addressed by the bank to the shareholders on the China register, drawing dividends in London, tiny appear of small import to the proprietors in general, but in reality it is of momentous concern to all China shareholders, inasmuch as, vird bis the London holders, it virtually outlaws those on the Eastern register by denying them the rights and immunities enjoyed by the privileged London group as will be shown hereunder.
The circular rends as follows
The managers beg 10 inform you that they have been instructed by the Commissioners of Inland Revenue to deduci and pay to them the income-tax on all dividends paid here on this
|
shareholders they submit to reduced dividends entailed by the appropriation of over $100,000 to meet that charge, from the benefits of which, when doiniciled in England, they are absolutely d burred, although ranking as shareholders
(3) Though resident in England and legally entitled to enjoy the same advantages as London shareholders, they are virtually dis franchised, and further penalised to the extent
times were :-
SUNDAY'S RACING..
Boats of best class, Alunnah, Perron and Dione, had a very fair race on Sunday, the Cust Rocks Busy and home. From the start, course being around Lyemun Beacon and
the Alannah was drew aheid and in the first beat the Vernon gained second place. In the of $2.50 a share to defray Income-tax for the Cast Rocks the Dione drew up level with the Vernon but afterwards lost considerable London - group, besides - being, mulch, anh. additional $2.50 or more per share to liquidate grand by making long lacks into Kowloon their own income-tax, but from which the Bay instead of keeping a middle cousse. The Londen holder is freed; eg, whereas the London holder of 100 shares gets his annual dividend of. Lago in full, the, unhappy out lawed China shareholder, domiciledin England, only receives 6328 20. 6d. !
Perhaps the directorate will explain the equity of this system of outlawry. The question will be
and influential committee, and it is not likely that the holders of the 40.000 shares on the Eastern register will submit any longer to the disabilities, now imposed on them. They will refuse to pay "lekie" for the benefit of the London shareholders unless granted equal rights.
or silver to arbitration by the Bague bank's shares registered on our Hongkong and raised at the next general meeting by a strong
Court of Arbitration. It is also asserted that Germany has agreed to this course with the restriction that only, the interpretation of the Peking Convention be arbitrated upon Nothing however, of this American proposal is known in German official circles.
The Reichstag and Tariff Law..
To meet any obstruction and to hasten the proceedings, the German Reichstag has decided to take notes in writing in future. A closer,. con- nection between the Government and the majority in the l'eichstag is evident, but it is doubtful whether this is strong enough to carry the Customs Tariff' Law,
Russia and Afghanistan. Russia treats the Afghanistan question as very important and has refused England's proposals with regard to Persia. Germany remains politically neutral towards Persin.
(Reuter's
King of the Belgians Attacked.
LONDON, November 16th,
His Majesty the King of the Belgians and
Shanghai registers. In future, therefore, this tax will be dedacted from the amount of such dividends paid at this office. If, in consequence of the above, you wish to have the dividends on your shares paid in Hongkong or in Shanghai, the managers will be pleased to forward any
payment.
instructions you may give for such July 22, 1902.
On a large Ho gkong shareholder protes - ing against this differential treatment of those" on the Eastern registers, it only elicited an evasive reply from the Londin office. The answer stated that the bank could not arrange for dividends (received in London)on its shares
on Hongkong register to be paid free of in- come-tax as there is no such tax ley ed there"! That information was quite unnecessary; but it would have been correct to state that, in directly, the bank itself imposed incon-c-tax on the China shareholders by withdrawing from the prunts of the corporation over $100,070, or say $2.50 per share on the 49,000 held in China, to defray the income-tax of the London share holders, instead of increasing the dividends of the Eastern shareholders by that sum.
..
The reply further alleged that the large majority of shareholders registered in the East are resident in hina, and, as such, are domiciled in England must be so inconsider not affected by this question; ergo those able in number that surely the bank ought to be able to place them on the same fouting, as regards income tax, with the London holder, instead of outlawing them by indirectly levying a contribution from profits for the sole benefit of the London group, besides deducting an where paid in England-a procedure alike income-tax of 6 per cent, front their dividends
CORRESPONDENCE. .
We do not necessarily endorse the opinions expressed try
in this column.j Correspondents in
MARITÈ BOARD INQUIRIES.
TO THE EDITOR OF THE "HONGKONG TELEGRAPU." Dear Sir, shall esteem it a favour if you will give me an opportunity to draw atten- tion to the revised instructions recently issued by the Board of Trade to Shipping Superinten- dents, for they are not only calculated to lead to gross abuses but seem to reflect on our
employers and friends, the British, shipowners,
in a very unfair and unnecessary manner...
I find it stated in a recent number of the Mercantile Marine Service Reporter, of Liver- pool, that three items of the "instructions" read as follows:
(a)He will observe that an Inquiry may be held when there is reason to believe that a Master, Male, or Certificated Engineer is, from his duties,” incompetency or misconduct, unfit to discharge
ד'!
II. M. S. Points. Total.
4 14.25 10 1 .. 4 16.5 4... 4
I 11
Alannah...... Vernon Diane amoom 4: 19 25. The times of the one design class over the
same course were:-w
Kathleen Min Colleen
Erica..........
Bonito
ir Hi .........4
3.
8.
34 50
37
35
42
43
43
20
The second class boats finished as below -
iris
J
H, M. S. -4 58 55 Maid Marion ... 10 70 Doreen 5 13 27 Paynens 14 50
Corrected time.
H. M. S.
Co-day's Advertisements.
To-day's Advertisements.
HONGKONG AND WHAMPOA DOCK WARREN'S GRAND
COMPANY, LIMITED. NOTICE TO SHAREHOLDERS.
THE DIVIDEND. of 10% per Shard and
BONUS of 42 per Share for the Six Months ended 3oth June, 1902, declared at the djourned Ordinary Half Yearly Meeting hold on Tuerday, the 18th instant, will be PAYABLE at the Premises of the HONGKONG AND SHANG- HAT BANKING CORPORATION, on, and oner WEDNESDAY, the 19th instant, and Share holders are requested to apply for DIVIDEND WARRANTS at the Company's Office, Queen's Buildings, New Praya.
By Order of the Board of Directors
GEO. A. CALDWELL,
Acting Secretary, Hongkong, 18th November, 1002. Fr238d
THEATRE
ROYAL.
Lessee and Manager. Mr, W. REULE. Representative Mr. ARTHUR SEYMOUR,
THIS (TUESDAY) EVENING.
W
Under the Distinguished Patronage and the Presence of His Excellency
W
4 58 59 (0) A Sir HENRY ARTHUR BLAKE, G.C.M.C.,
5 9 18 (3)
5 11 22
5 5 28 (3) In the latter event it is a pleasure to be able to record a win for a lady, Mrs. J. Hastings,. the only lady member of the club steered the craft to victory in the absence of her husband, being assisted by only two native "baya.”
CANTON-NOTES.
(From Our Correspondent)
C1NTO", 16th November. THE PIRACY. Mr. Evans, the virtiin of the late piracy on the Canton River, passed away al 8.45 am. to-day, without regaining consciousness. The doctors, seeing the inevitable ending, did not amputate the other leg. Mr. Evans leaves a widow (native) and three children. Mr. Scott, the British Consul, is acting very firmly in the (6) Whenever an allegation of incompet-matter, and it provides a good enportunity for ency or misconduct on the part of a Master, him to demand the permanent presence of at Mate, or Certificated Engineer is brought to least one gunboat at Canton. It is a frequent the notice of a Superintendent it should be
comment here that the French always have at reported to the Board without delay, notwith-least one, if not more, gunboats in the pon standing the fact that such act of incompetency for any emergency. While on this subject I
accused had no duties to perform." or misconduct may have occurred when the would like to point out that, if one wants to register as a British subject the fee is $2.00 per
L
D
Lady BLAKE, and Suite, "A ROYAL DIVORCE," which Last Night created a Sensation, will be repeated by the JANET WALDORF COMPANY. Tremendons Applause and Floral Tri- butes greeted the Re-appearance. of the Popular Artist, MISS
|0 JANET WALDORF, 0:
F
MR. NORVAL MCGREGOR'S Entrance was the Signal fera great ovation,
Doors Open at 8.30. Performance at 9.
USUAL PRICES. -
Box Plan at ROBINSON'S.. Hongkong, 18th November, 1902.
FOR SALE.
R
יו
AMERICAN CIRCUS.
THE FRAYA, HONGKONG
(Facing the Central Market);" TO-NIGHTI
AND HAR DA.
EVERY EVENING AT 9 O'CLOCK, CONTINUED SUCCESS OF THE NEW PROGRAMME.
EVERY ITEM, RECEIVED WITH
ENTHUSIASTIC PLAUDITS.NI EVERYTHING TO INTEREST NOTHING TO OFFEND MATINEES Every WEDNESDAY and SATURDAY, at 3.30 Children Half-Price to Matinees only.
GEO. WARREN,
Sole Proprietor. Hongkong, 18th November, 1902. [12330
CONNAUGHT HOUSE HOTEL HAVE This Day assumed MANAGE- MENT of the above Hotel. Y
A GEO. F. CLARK.
•Fr3340
Hongkong, 17th November, 1902
PUBLIC AUCTION.
THE Undersigned have received instructions
Self by... PUBLIC AUCTION;
FOR ACCOUNT OF THE CONCERNED,"
on
SATURDAY, the 22nd November, 1902,
at 2.15 PM.
N
at No. 16, FRAYA CENTRAL near the Douglas, S.S. Co.'s Wharf, A LARGE ASSORTMENT OF JAPANESE VALUABLE CURIOS, Comprising MATERIA SATSUMA and CLOISONNE WARE IVORY CARVINGS, SILK SCREENS, TEA SETS, LACQUERED and INLAID PANELS and SCREENS, SILK HAND- KERCHIEFS, PORCELAIN WARE, &c; &c. &c.
Catalogues will be issued, and the Goods (1237d are now on view.
TERMSAs usual.
STRONG LIGHT AMERICAN BUGGY.
On View at WARREN'S CIRCUS, where Partieulars as to Price may be obtained. Hongkong, 18th November, 1902. [12397 DOUGLAS STEAMSHIP COMPANY, LIMITED.
THE
FOR SWATOW. HE Company's Steamship,
"HAILOONG,"
members of his family whilst returning to unjust in principle and practive. The bank |-- (c) "Slater ents of witcesses should accom-anaum, while Americans, French, Germans, Captain Gibsen, will be despatched for the
Brussels after attending a memorial service to the late Queen, were fired upon by an anarchist, Rubino, who discharged three shots, striking the third carriage, and graz ing the face of the Comte d'Oultremont. Rubino, who was immediately scized, con- fessed that he intended to kill the King.
•
Terrible. Shipping Disaster. The Huddart Parker liner Elingamite, from Sydney for Auckland, was wrecked on Three Kings' Island off the northernmost point of New Zealand, on the gth instant. The passengers and crew took to the boats and rafis, and one ndred and thirty-nine persons have been picked up, and landed during the past week. A raft has been recovered by H. M. S. Penguin on which there were found eight persons alive and eight dead. The survivors report terrible privations. For nearly five days, they were without food or water, and some went mad from thirst and plunged into the sea and
were drowned.
LATER.
The Kaiser in England. H. M. the German Emperor has left Sand ringham for Penrith where he is now the guest of Lord Lonsdale..
Obituary.
must be aware that there is an ever-i creasing number of China shareholders, returning for domicile in England or it would orclose its London register to the transfer of shares; but it is contended it has no legal riglit to favour The London shareholders at the expense of
those in hind
We are told by the London office "that Eastern owners of shares living in England have to pay the tax, and there is no way of relieving them." Quae se; but the bank is certainly exceeding its legal powers by dis criminating in the matt. of defraying income.
tax between the London and Cluna sharehold ers. Dividends paid u London should be
uniformly exempt from income-tax, firespective at the office of registration, for it is the bank from obtaining relied by transferring their shares
which debars the Cama group of shareholders.
to the London register.-
pany the report, and a separate statement bould be taken from each witness on the form provided for the purpose, and whenever the information can be obtained it should be clearly shown that the accused had certain duties to perform, and that from incompetency or mis- conduct he was unfit to discharge them."
chicvous instructions says:We have no ob The Refrier in its criticism of these mis jection to a shipmaster, officer or engineer, who is guilty of incompetence or misconduct, being tried and punished accordingly to
bis d sent, but what we do object to is this system of espionage, which the Board of part of a Superintendent's duties to undertake Trade seem to encourage. It should be no the work of a private Inquiry Agent, and hunt up a case against an officer who is supposed to have committed some breach or other of die
such instances are the seamen and firemen, cipline. Besides, the principal witnesses in
frade provides a means for sailors who may have real or imaginary grievance against their officers, to get even with them."
As a solace to the aggrieved China propile for, the bank is courteous enough to point und unfortunately, this action of the Board of that the shares on the Hongkong register give a much better return on the market value than do these on the London register," bul that is a subject quite inelevant to the question al issue the right and power of the bank 19. exercise differenttal treatment to the Cana Shareholders by depriving them of Lenchis accord die the London holders, and to which the former are undeniably equally seninled." admiting, however, that the Eastern shares yield.over per tent better in Cresi, trat is
H. H. Prince Edward, of Saxe-Weimar,ut pour compen ation or the inequitable
K.P., G.C.B., is dead.
The Reforter is perfectly right, and it might,. with advantage, have gone more thoroughly into this mater, dealing with it from the shipowners' and underwriters' points of view,
Norwegians, &c. can register at their Consulates free. Britisher has remarked to me, "If I could speak sufficient French should be reg stered at the French consulate, should then have better protection.".
· A STRANGULATION, The robber captured by the soldiers in con nection with the Sie Hing rice shop robbery,
Kiangtung wharf, as near to the spot where he was' executed to-day by strangulation on the
was caught as possible. I was informed the execution was to take place at 'o'clock p.m. and was proceeding to the wharf at about 2.43 when I was observed by some of the soldiers through the dense throng to the centre where in the crowd and a path was immediately made I found seven Americans with cameras ready The authorities always seem very anxious for foreigners to witness their proceedings and methods of punishment to culprits.
Canton, 17th November. FUNERAL OF ME. EVANS.
Above Port, on THURSDAY, the 20th instant, at Daylight.
For Freight or Passage, apply to
DOUGLAS LAPRAIK & Co., General Managers. Hongkong, 18th November. 1902.
[1240d
COMPAGNIE DES MESSAGERIES MARITIMES.
PAQUEHOTS-POSTE FRANCAIS.
NOTICE.
ALSO
STEAM FOR SAICON, SINGAPORE, RATAVIA, COLOMBO, BOMBAY, ADEN, EGYPT, MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON, HAVRE, BORDEAUX; PORTS OF BRAZIL AND RIVER PLATE,
at PM, the Company's Steamship IN MONDAY, the 1st December, 1902, "SYDNEY," Captain Negre, with Mails, Passengers, Specie and Cargo, will leave this Port for MARSEILLES, vid BOMBAY.
This Steamer connects at COLOMBO with
the ss. Polynesien, which vessel takes on her Passengers and Mails leaving that Port Said and Marseilles.
HUGHES & HOUGH,
Auctioneers. Hongkong, 18th November, 1902. (12320
FROM NEW YORK HE H.A.L. Steamship
"ADRIATM
THE
Captain Schaarschmidt, having arrived from the above Ports, Consignees of Cargo are hereby requested to send in their Bills of Lading for countersignature by the Undersigned and to take immediate delivery of their goods from alongside.
Optional Cargo will be forwarded unless notice to the contrary be given before Noon, TO-DAY.
landed into the Godowns of the Hongkong and Any Cargo impeding her discharge will be
Kowloon Wharf and Godown Co Limited, and stored at Consignees risk and expense.
No Claims will be admitted after, the Goods. have left the Godowns and all Goods remaining undelivered after the 35th instant, will be subject
to rent
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 25th instant, at-3 P.M. No Fire Insurance has been effected.
·HAMBURG-AMERIKA LINIE, Hongkong Office. Hongkong, 18th November, 1902
[ra16d,
STEAMSHIP"INDUS": COMPAGNIE DES MESSAGERIES. MARITIMES.
NOTICE TO CONSIGNEES.
ex s.s. Ville de Dunkerque, in connection with CONSIGNEES of Cargo from London and
Havre, ex ss. Medoc, and from Bordeaux - above Steamer, are hereby informed that their Goods, with the exception of Opium, Treasure and Valuables are being landed and stored: nt their risks into the Godowns; of "thầy
Hongkong and Kowloon Wharf and Godown Co., Limited, at Kowloon, whence delivery
piracy, was buried this morning at the Europ
Mr Evans, the victim of the much talked of/on the 13th December Direct to Suez, Pon may be obtained immediately after landinge
Several missionary ladies were present, the Corporation's constable, and the Customs were represented by 2 officers who steamed down in the pinnace. Messrs. Butterfield & Swire put their launch at the disposal of any who wished to attend. It is to be trusted that the British Consul will not let the matter drop with the filling in of the sod.
can. Cemetery opposite the Macao · Fort.
*x*
THE STRANGLED THIEY. To-day. the ufficial
magistrale amined the body of the thief who was
for there is an indirect thrust at the owners inasmuch as it almost suggests that they are in the habit of employing, masters, various causes (old age, &c.) have become officers and/or engineers who may, from deduction of 6 percent."income-tax from the less.competent than other and younger men Kruger's Memoirs.
dividends of Cupa statebokders, from which simply because of their long and faith- Ex-President Kruger's memoirs will be. tux the favoured London holder is freed.ful servitude, or because owners prefer to published to-morrow." They do not contain Morever, the trifling gain in interest is a employ "uld hands to pensioning them off. strangled for the Sze Hing rice shop rob any sensational revelations, but mention that bagatelle when measured by the enormous Morever, there i. to be found in these beautiful bery at 3 'clock The body had been discrepancy in the v. lue of the shares in China instructions an insinuation that owners and on exhibition since yesterday 3 o'clock; and London. The above cir.ular note gives Marine Superintendents are acting unfairly carried in the East gate and dumped in the it was pot in a inch plank coffin and the China shareho.ders the alternative of twards insurance companies in that they are usual hole. having their divide: ds paid in China, but this objectionable ruse will not excinpt the honest officers and engineers that it is necessary to hea
Iso prone to emp oy incompetent · musters, shareholde, domiciled in England from income set up, and officially encourage a system of
the late Mr. Cecil Rhodes visited him at Pretoria during the second presidency. A “SET ABOUT" IN HONGKONG.
P. ISON AT STRATFORD.
THE MUTUAL STORE. The Mutual Store (Hongkong) has bought
P. and O. steamship Bombay were charged at Stratford with Avilfully disobeying the lawful commands of the chief engineer of that ship It appeared that when the Donthy was in
the fourth engineer, with the result that two/hulder gets his income-tax paid by the bank their superior officers and to even lodge reports which might be learned by some older Hongkong a number of the crew set about"
Cargo and Specie will be registered for Lou transit through Marseilles for the principa don as well as for Marseilles, and accepted in
places of Europe.
Cargo will be received on board until 4 P.M. Shipping Orders will be granted till Noon, Specie and Parcels until 3 R on the 37th instant. (Parcels are not to be sent on board; they must be left at the Agency's Office.) Con tenis and Value of Pr kages are required.
For farther Particulars, apply at the Com pany's Office.
G. DE CHAMPEAUX, Agent. Hongkong, 18th November, 1902.
DISTILLERS
· BY APPOINTMENT· TO
intimation is received from the Consignees Optional Cargo will be forwarded on unless
questing it to be landed here before 9 A.M., TO-DAY, the 18th instant, re-
after MONDAY, the 24th instant, at Noon, Undersigned Goods remaining unclaimed. Bills of Lading will be countersigard by the
will be subject to rent and landing charges
All claims must be sent in to me on or before the 24th instant, or they will not be recognised MONDAY, the 24th instant, at 3 P.M.
All damaged packages will be examined on
No Fire Insurance has been effected. Y
G. DE CHAMPEAUX,
Agent [rooge Hongkong, 18th November, 1902
₤10040
His MAJESTY THE KING
THE TWO POPULAR
WHISKIES
ARE THE CELEBRATED HOUSE OF COMMONS
Five lascar inembers of the crew of the tax, is the bank must-know too well for in espionage which. from its very nature cannot up the property next to Messrs. A. S.. Watson making a return of inconse, thelul fal to lead to a great deal of insubordination;&Co, Ld, on the city side of the Canal faring Schedule D. compels one under penaky so
Shamien and are going to open a store similar enumerate Profits from Colonial and Foreign bably grievous annoyance to shipowners. To cause endless worry to shipmasters, and pro-
to ibat at Hongkong. This will be a great SCOTCH critics"; thus, while the London inre encourage Dick, Tom, and Harry to spy upon boon to the Europeans and to not a few Chi- DESC, and is also a lesson in enterprise ité China holder, though domiciled in England,
firms who complain of the depreciation of the as to defray it out of dividends. Is this treat- ment just or fair to the Eastern proprietors of
dollar, but seem content to sit still and see the bank'?
their dollars diminishing... Shamienites will welcome the new project, and there is no doubt that there is a big business for an European ron store to balance the large Chinese compradores who have the monopoly of supplies to Euro- peans and are for ever putting up their prices because "Every ting go up just now"
of the prisoners were logged. They were. dissatisfied as a result, and on the 13th ult, when the Bombay arrived in the Royal Albert Docks, the native members of the crew left the ship and went on shore. Towards the evening- the chief engineer, Menzies, went to the crew and told them to go on board. The prisoners would not, and urged the other men opt to do any more work on board the Bombty. They were then ordered on board, and as they refused to do so, the prisoners were given into Custody. "They now declared they would not go back to ilie Bombay, and Mr. 1. Savill aid if that was the case they would go to gaol for
14 days! hard labour each
NAVAL NOTES.
H.M.S. Algerinc which left Pagoda anchor, Be on the roth last for Swalow and Hong kong arrived here this morning
Last night an enjoyable concert was given by the pen of the 7ulbat in the Kow con Ich Reading Rovio
CO,FOR SUMMER. RWEAR
Presumably every British shareholder on the China register expects to return home. It will bus be apparent that this question of the differential treatpient of receivers of dividends is of vill importance to all holders in China of bank shares; and after reading these remarks the inequitable procedure of the Iondon office, it is hoped the Eastern owners of shares will combine in protesting against being out lawed from participating in the rights and privileges, enjoyed, at their expense, by the London shareholders. In summary As mat
I now stand shareholders on the China r gisters are practically a banned class, and subjected to the following disabilities
(1) While London shares are worth over 10 more than those held in the East China shareholders are denied the right reaping benefit!
1956 COTTAM
challenging the right of owners to employ whomsoever they please is certain to lead all hands to conclude that Jack's as good as his
master."
Then there are the legal aspects of the matter to be considered, and I think i am not far wrong in expressing the opinion that these "instructions" constitute a contravention of the Merchant Shipping Acts, but are also at variance with the Laws of Master and Servant is it possible that the Law Officers of the Crown were duty consulted by the Board of inde prior to the promulgation of instructions which tend to further, hand cap British ship owners (and their shipmasters and engineers)' in their struggle for supremacy with, heavily
ubsidised fore gn competitors? :
is to be hoped that thus master will receive leeply concems and that in the end the Board The prompt attention" of "thèse whom it so
withdrawing these useless and dangerous of Trade will be induced to see the wisdom of
Instructions.
Yours faithfully.
NAUTICUS
ong, 17th November, 1963,
BOW TIES
FOR WASHING
„OPIUM QUOTATIONS.
Hongkong, 18th November. To-day's quotations are as follows :-
A Per chest MALWA NEW
¡@ $960/980] @ 98/1,000
1,030/1,069
LAST YEAR. OLDES
PATRA NEW
GOLD
1950
952)
BENARES NEW...
950-
STOCK
PERS
8107860
SCOTCH WHIRKY
THE HOUSE" OF COMMONE,
Better known as
Black
and White
(White Seal).
LAND.
BUCHANAN BLEND
(Red Seni)
Sole Agents:
LANE CRAWFORD
Page 5Page 6
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