1903-01-23 — Page 5

TELEGRAMS

(Reuters)

Bye-Election.

LONDON, January 21st. At West Derby (Liverpool) Rutherford, the Conservative Candidate, polled $455 against Holt (Liberal) 3,251 votes,

THE HONGKONG TELEGRAPH, FRIDAY, JANUARY 23, 1903.

Printersalin Lavour of Chian, for vlereas |"mensely simplified.. The gi eti g of interna- tional obligations in favour of as well against China would at once I placed on a solid and assured footing.

188 ile difference between pris and expurts in' Japan was 18% against exports, according to the figures now given in Chinn it is only 12%. so that as far as the trade balance is concerned China is actually in a much sironger position than Japan when she under look the work o reorganising her coinage

sisten

and

Germany and the Dardanelles. If Japan, with such ́au, adverse balance of Count von Bülow referring in the Reichde, was able to put in the gold standard stag to Russian torpedo boats passing, the there is no reason why China might not do the same. There is, however, this very great Dardanelles said it was impossible to expect difference in her favour, namely, that China from Germany in Eastern affairs anything has far more potentialities of wealth and a but a peaceful, impartial, and quiet neutrality larger reserve of stength to enable her to bear containing nothing hostile to any of the a financial strain than Japan could ever hope Powers who were more concerned in the question.

J

LATER.

Trial of an M. P. for High Treason.

The trial of Col. Lynch, M. I. for Galway,,| and ex-Boer lender, began yesterday before the Lord Chief Justice, Mr. Justice Wills and Mr. Justice Channell. The accused pleaded not guilty. The case will last several days.

The Dardanellos Question. The second Russian torpedo-boat-des. troyer has passed the Dardarelles,

The Sugar Convention. The Hungarian Parliament as ratified

the Sugar Convention,

Germany and the Venezuela Blockade.

January 22nd.

The German warships Gazelle, Panther and Kincta yesterday shelled the fortress of San Carlos. The fox rèss replied. The village of San Carlos was buried by the shells.

The Venezuela Negotiations. Mr. Bowen has informed the representa lives of the Powers at Washington that Venezuela makes the raising of the blockade a enndition præcedent fo the formal opening of negotiations.

LADIES RIFLE ASSOCIATION. We understand that a general mee'i g of members of the Latlies Rifle Associa tion will be held at Government House on Tuesday, February 3. at .1.30 a.m. to fix

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to have,

An objection might be urged that Japan was in the act of receiving a heavy indemnity from her late foe, whereas China has to pay large suns in indemnities to other countries. Too much stress must not he laid upon this argu- ment. The greater part of the money received by Japan from China has-been spent inite

creation of an effective army and navy.

The question gillariscas to what will become of present sil er securities, but this is no new question; it has had to be faced in other countries. Silver secur lies will in no cash be worse off than they are now. At the present moment silver securities are worth so much in gold-no more, no less. If China adopts a gold standard they will be in the same position and will be converted into a gold valuation ni current rates on the day of conversion.

A further objection will probably be, urged, namely, that by the adoption of a gold standard by China the price of silver will still further be forced down. This may or may not be the case, There are some considerations, at any rate, which would lead us to conclude with more than an ordinary degree of confidence that the silver market will be only very slightly affected one way or the other. China at all events is now absorbing no silver whatever, but is, on the contrary, placing Forge quantities of the metal on the market. For a time this will in | These are non-productive works, and as for any case continue. But it must be remembered as the inflemnities were thus ap-do-not affect that she will requ te a very large amount of the argument. China, it is true, has to pay bullion for conversion into her subsidiary every year certain sums in indemnity, but con coinage which will be supplied from the regular sidering the extent of the Empire, its popula-silver supplies.. I do not forget that China will tion and its wealth, the annual charge is require some effor in abinin her gold, but as comparatively light. Given a proper fiscal have already statel elsewhere in this paper she administrat on of the country the charge upon as no inconsiderable amount within her own the national exchequer is not a serious one. It borders which amount can be almost indefinitely is evident the difficulties are by no means increased by the promulgation of liberal mining laws. I have already, too, suggested that n insuperable.

change in her fiscal laws would bring about an equilibrium in her trade and with the assistance of foreign powers interested in the commercial development of this country the task of procur ing a gold reserve would not be an impossible while the present trade of Ching is prac one and the trade of the country would soon tiently altogether with gold countries, there scule down to the new conditions. Any change being only a small fraction of 1% within the coinage of the Empire is bound at the silver-using couries

"In this calculation first to produce same dislocation and a certain Hongkong is considered, under the head of amount of inconvenience, so that the adoption gold-using country for the simple reason that of a gold standard would in this respect not merchandise passing into or out of China differ from any other plan.. through. Hongkø g is all ultimately expressed in terms of guld. This is in its turn a further very strong argument in favour of China adopi- ing a gold standard. Japan while still a silver using country was able to do 40% of her busi ness in her own standard of currency while China is unable to do any business at all in silver. The whole of her foreign trade has to he carried on a gold basis to which hor silver currency affords but a treacherous foundation.

Furthermore, in 1895 the trade of Japan was divided amongst the gold and silver-using countries, as follows:

Geld, 60%.

Silver. 40%

a

the dates of the anaval priga meeting and to arrange the conditions for each prize. Przes have been kindly offered by Mrs. May, Mrs. Murenves, Japan had already a large silver Siebs, Sir Paul Chater, J. R. Yu ray Smith, coina, represented by the issue of silver notes and silver coins, circulating at a considerable Esq, and Kung Wa Chun, Esq; but other prizes will be needed to make the meeting, discount, all of which had to be redeemed. a success. At present the list of members ofhin doesnt at the p eset moment find her the Association is as follows

Mrs: Baker Brown, Miss Blake, Committer), Mrs. Bryars Mrs. Allan Cameron, Mrs. Crul. field, Miss Claiton, Miss Cunliffs,, Mrs. Dean, Mrs Denny, Mrs. Denny's, Miss Franklin, Mrs, Fraser, Mrs. Fullerton, Mrs. Gompertz, Mrs. Grace, Mrs. Gros, Mrs. Hastings, (Commitice,) Mias Hunter, Mrs. Johnson, (Committee,) Mrs; Laing, Mrs. | ambkin, Mrs. Langlands, Mrs.

Layton, Mr. Leigh, (Committer,) Mrs. May,

(President) Mrs. Macnamara, Miss Moorhead, Mrs. Norris, Mrs. Playfair, Mrs. Pritchard, Mrs. Radcliffe, Mrs Robertson, Mrs. Sharp, „Mis Sherbrooke, Mış, Kiebs, Mrs. Simpson, Mrs. tephens, Mrs. Stokes, Ms. Walker, Miss Wonds and Mrs, Wright.

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self saddled with this burden. She has no coinage, either of silver coin or silver notes, to redeem, though unfortunately she is now com mencing to issue the notes referred to else where in this paper and which issue should be at once absolutely stopped until a definite scheme has been worked out; by so much is her task the easier.

I have drawn my illustrations very largely from japan for the following, among other

reasons

version.

tish recent ia tance of coinage con

2. The to Empires are contiguous, 3-The conditions prevailing are more simi jur in these two countries than in any others that might be adduced.

4.-Most of the arguments which influence Japan 10 adopt a gold stan erd can be urged with equal force,in China,

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HOW IS THE GOLD TO BE FOUND? In order to carry out the scheme here pro. pounded China would require a gold reserve say of not more than thirty millions of Pounds; possibly she would not need at the commence ment even as much as this. The reserve at the Bank of England is, I believe, as a rule between fory and fifty millions of Pounds, but China at this stage would not require so great a sum as this, The Imperial Go crument should then at once commence the purchase of gold as well as arrange for the payment of all duties (native and foreign) in gold. The great trading nati ns interested in the commerce of this country, say Britain, the United States, Germany and Japa, niight as ist China by a loan for the guaranteeing

purpose of a gold standard, as Russia establishing proposes to do, by which China could fat upon the money markets of the world a loan for, say, thirty millions at the very best rate' of

interesti

It would very greatly assist both China and the trade of all countries if the payment of the indemnity could be suspended for a period of, say, ten years so that China's present obliga. tions would again commence to be discharged in say 1912 and be completed in 1982, instead

of 1940.

China is already a considerable exporter of gold. It is impossible to say what the figures are with any definite certainty but they will probably be found to closely approximate the sum of ive million Pounds Sterling per annum So that China has the nucleus of her yold reserves immediately at hand, of which she

The hon. secretary is the-flon, Dr. Clarke,

THE EVANS PIRACY CASE.

PRISONERS BEFORE THE MAGISTRATE,

Japan takes its place in the ranks of a long list The two prisoners implicated in thề murder afnations which have? een compel edtoabandon | might avail herself. of ex-constable Evins in November last s iver either as a sin le standard or in a bimet- There is unquestionably a great quantity of were again brought before Mr. Hazeland, allic system, Germany, France, the United the precious metal within the boundaries of at the Magistracy this afternoon One of the lates, Austro-Hungary, Russia and I dia have China. The Chinese Government should be women on board of the junk when it was all been compelled by force of circumstances required in her own interests and in the in- pirated gave evidence respecting the affair, and to entirely remanetise silver. Many other less terests of all to throw open ficely to her own said that one of the prisoners, whom she id nti-important countries have Tallowed suit. China subjects and the subjects of all nations of the fied, was the man who took the bangles from i, therefore, only following the example of world, under just and equitable laws, the mines her. Adjourned till toxin now.

others in having to face the inevitable, and is of the Empire. Moreover, in order to bring +

not being driven into some experimental enter- about a state of equilibrium between the export prise. She is simply Reling the force of the and the import trade every possible inducement pressure to which every important nation on should be put in the way of exporters to develop the canli has already yielded, and to which the export teade of the Empire, and certainly pressure.it is beyond the forces of China to the first reform to be determined upon should offer any effective te istance. There can be be the absolute and total abolition of every no question whatever about the ultimate issue. kind of charge or duty on exports. The foreign China will be compelle 1 to adopt a gold stannations assisting China to the establishment of dard. It is here urged that the facing of the question he not referred any longer but im debtor countly it is impossible for her to adoptediely tackled by there, who have

interests at stake.

THE CURRENCY QUESTION.

A Plea for Immediate delion with a View to the Establishment of a Gold Standard in China.

BY EDWARD S. LITTLE, SHANGHAI.

II.

CHINI, & DEB, OR COUN RY.

It is, heen objected that Cuina being a

a gold standard. This objection. Foes :nót

seem to be a val'd one the balance of rade

THE ADVANT GES.

but the optimistic Canadians assert that the American comes primarily to make money, and soon learns to appreciate British institutions.

scheme now suggeste is not the bast under the circumstance let objectors sug

suggest Boone thing better that is fensible, It is to be hoped Shanghal will not follow the extremely weak It will be remembered that Eari Russell fast action, of Hongkong. The telegraph has re- year had divorce faibles of his own. After patted to us that the business men of Hong- that he tried in the flouse of Lords to secure a kong met together and solemnly told the world refour of the divorce law, but met with but that they can do nothing! Did Hongkong ima scanty support. This week he addressed gine that its local Government could by its own audience in Londed on the subject, anshulis- action dictate financial terms to China? It is claimed any personal motives. lle urges that clear that Hongkong will find it exceedinglyesertion for three years and wards should difficult if not impossible to take any action b sufficient to entitle a sufferer to relief. Per- contrary to that of China; for its interests are inanent lugncy and long sentence of imprison wholly bound up in those of the neighbouringent should also be fatal issues for a respon Empire. To a mere outsider if would have dent. There was a discussion afterwards in appeared far better for Hongkang, instead of which several ladies took part, and it was de publishing to the world its impotence, to have led to form a league to agitate for the called the attention, by formal resolution, of the Hongkong and Home Governments to the existing financial crisis due to a constantly decreasing silver currency, and at the same, time urged them to take the question into im- mediate and serious cons deration. Their

action in such a case would necessarily have

had duc weight. It is to be hoped Shanghai will pull itself together and take such steps as will compel the Home Governments to seriously consider the question in conjunction with the Chinese Government and leavour to reach a splution,

Shanghai as the most important trailing centre'in China must take the lead and should invite the active co-peration and support of the other trading centres of China, including Hongkong, where organised commercial bodies exist.-M. C. D). News.

OUR LONDON LETTER.

{From Our Own Carrespondent.)

LONDON, December 19th.

GERMAN CAUTION, RESPECTING CHINA

MISSIONS.

A Ferlin Corespondent writes that in consc quence of the announced intention of certain missionaries to China in the spring, the Foreign Office has warned them that China is still too disturbed for aggressive missionary effort, and the funds proposed for this work This could be better expended elsewhere. action on the part of the Foreign Office is prompted, I her, by a pessimistic di-patch, from the German minister in Peking.

German missions to send out a number of new

The Irish party has resumed to Westminster to help the Government to carry the Education

Bill to its final issue, and the proceedings have become more lively as a consequence. Fifty. seven Nationalists are bearing Mr. Redmond company, and all the others except two are accounted for. Nine are in prison three are in America, two are d, and the rest are away on leave.

Mr.

The Hartopp divorce case came to an end on Tuesday, to the relief of everybody. The only people to gin are the lawyers. Justice. Baraes occupied four hours and twenty minutes in summing up, and the jury spent over three hours-in considering the verdict, which was awaited by a large clowd in the Strand. At twenty to seven in the evening the foreman announced that both suits were diar missed, misconduct not being proved against Lady Hartopp with Lord Cawley, or against Sir Charles Haitopp with Mrs. Sands: further that cruelty had not been proved against Sir Charles Hartrupp. It is thus a complete case of "as you were." A flimsier case was never presented to a court, and it bore in every line of the evidence the weariness of the parties to each other, with a complete inability to find a legal cause of severance. Lady Hartopp gave a little gasp as. the verdict was given, but Sir Charles preserved his usual, cakn. It is estimated that the full costs to all the parties concerned will be something like £30,000.

If cumour is to be believed, the completion of this case will open up another still more sensational. One very near to the throne is

ALTERATION OF THE DIVORCE LAWS.

NEXCHANGE

IN LONDON, Telographic Trans

IN

Bank Bills, on demand

Credits, a nioaths: sight

Diments, à months' sight.: 1/7/3/16; BERLIN, (demand). Mel+60 ** IN PARIS, Bank Dills, an demanding 1.964 - Credits, 4 months sight 0.3.00-

NLW YORK, Bank Bills, or demand Credits, 30 days; sight, we

Be NAV - Telegraphic Transfer..........116)

On demand.or

S SHANGHAL. Telegraphic Transfer..

Private 30 days' sight

:

IN YOROPAMA, TeTomunungy

prem.

Sovereigns, Back's Buying Rater $12.82 Gold I eat 100 touch, per tael Bar Silve

►

OPIUM QUOTATIONS. To-lay's quotations are as follows

#

In connection with Mr. Chamberlain's visit MALWA New

LAST YEAR..... lie Cape it is the intention of the Johannes-

OLDEST hurg Town Council, I am told, to name one of. PATHA NEW...si the leading thoughfares of the place "Cham- BENARES NEW balain Avenue." Many of the trees planted PERSIAN (PAPER).. on either side of it have been given by people in our own Midlands who are naturally taking a deep interest in the tour of their distinguished fellow-countryman.

11/16

Par chess $, 980/1,000.

1,010/1,040

@ 1,050/1,100

1,0223

@ 1,005 @ 670/730

Today's Advertisements.

The Admiralty is much cancered at the HONGKONG AND SHANGHAI BANK- condition of the naval medical service. It is.

ING CORPORATION..

stated to be a fact that there is an increasing disposition on the part of medical sien to join the service, and at the last examination petition, only twenty-one candidates presented for thirty-five vacancies, advertised for com. themselves. Two of these were disqualified for physical reasons. The fact is at the financial inducements not sufficiently generous to attract the righyanet in adequate

numbers.

There is a growing feeling hat in the Venezuela business England is allowing| Germany to lead her into international disputes. In America there seems to be distrust of

NOTICE is hereby given that the ORDING

HALF-YEARLY MEETING

of the SHAREHOLDERS in this CORPORA TION will be held at the CITY HALL, Hongkong, on SATURDAY, the 14th day of February

By

next, at NOON, for the purpose of receiving the Report of the Court of Directors together with Statement of Accounts to 31st December,

By Order of the Court of Directors,

J. R. M. SMITH;

Chief Manager. Hongkong, 23rd January, 1903.). 940 HONGKONG AND SHANGHAI BANK *ING CORPORATION. NTERS of SHARES of the Corporation [OTICE is hereby given that the REGIS-, Germany but not of England to any great will be CLOSED from SATURDAY, the 318 degree. Germany is holding out against day of January current to the 14th day of arbitration too, which adds to the suspicion, February next, (both Days inclusive), during gives a colour to the apprehensions. Italy has Registered while experie, ce with that country at Shanghai | which period no Transfer of Shares can be

joined the allies now and is in favour of arbitra-

By Order of the Court of Directors,

J. R. MSMITH, ion, so I expect the matter will be settled)

Chief Manager. Hongkong, 23rd January, 1903. soon; but we have been perilously near danger,

1950 The country realises that the worst possible HONGKONG JOCKEY CLUB thing is to risk a quarrel will! America Lord Cranborne is showing so little aptitude for oreign affairs that there is t.lk of replacing him in the Under Secretaryship by Earl Percy when Parliament reassembles on February 17 To solace Lord Cranborne, in that event, I should not be surprised to see him sent to the House of Lords. One thing is certain; both

"sides of the Commo s are dissatisfied with his

term of office.

Several millions of Royal photographs have

the New Year festivities. Most of the portrait medals are for Indian territory, but I am told a large quantity will also be sent on to the Settlements for sale among the Straits Madrasi mettlers.

NOTICE TO MEMBERS..

Abe held early in APRIL next, provided i ONE-DAY'S RACE MEETING - will

sufficient Entries are received. Particulars and

Conditions as to Programme will

By Order,

appear later. A. 5. ANTON, "Acting Clerk of the Course. Hongkong, 23rd January, 1973. [968

NORTH CHINA INSURANCE CO., LIMITED,

as

been shipped to India for distribution during OM HENRY, GEORGS SIMMS will act N and after SATURDAY, the 24ib instant,

AGENT of the Company at this Branch.. By Order of the Court of Directors,

W. H. PERCIVAL,

Agent: Hongkong, 23rd January, 13.

ZETLAND

An official from the Colonial Office gees to the Cape curly in january to prepare a return fall lands purchased by Boers since the war, These purchases are said to be much more

extensive than the public realise, and the cire with which the lan has been a quired lends colour to the statement that the Boers intend to form themselves into distinct settlements in the Transvaal and Orange Colony to keepalive This course their traditions and language, was hinted at by one of the Boer delegates to Europe some time ago.

The latest idea in insurance is against appendicitis. Since it became the fashion to call by this name ailments which previously went by more rude and expressive titles, the number of cases has given Lloyds the idea that policies for insurance against the com- plain may be sued with advantage. The small-pox insurance paid so well that Lloyds he very willing to branch out further in the Line of human ailments. For a premium of be arranged he will have to figure publicly in five shillings the policy insures the holder, it the suit. The must strenuous efforts are being he has to undergo an operation, for expe ses made to smooth over the matter, but there is a up to £200, and in the event of his death in strong doubt as to the success if the peace-connection with the operation a total sum of makers, and it is more than likely that there will be more

said to be concerned and if a settlement cannot

PINTY LINEN FOR THE SOCIETY. LAUND RY before tong. As it is, moralists are having a busy time with London society just now.

Ons vacancy already exists on the direc torate of the Suez Canal Company by the death this standard night well bring press: to bear Sir John Stokes, and I understand that Sir upon the Chinese Goverment to reform the Edwyn Sandys Dawes will resign in a week or existing fiscal system. There can be no doubt two from ill-health. A government nominee hat if the finances of China were properly ad will be appointed, and Sir James Mackay, of The advantages of sich a system would be would be a comparatively simple matter for the vacancy, while a shipowner, possibly Sir Alfred ministered the establishment of a gold standard Likin Treaty fame, is mentioned for one against China is due largely to mism ina-ement and can be rectified almost at once by the and the various markets of China would be

immediate. Traile goth with foreign countries Government to carry into effect.

It is not Jo ea of Liverpool, will be the other. fe essary to argue this point at this time. It It is stated that the Government intends to enactment of correct economic laws, neimmensely simplfied. Aepresent me theres, I think, ada ted by all who understand the introduce n xt Session some measure regulat finds on comparison that the condition of is an infinite variety of silver standards of conditions pb Japan in 1898 and China in 1911 is very weight and purity in use.

pbtaining in China. The trouble|ing the flash point of petroleum. The low Almost every similar. When Japan abandoned her silver village in China, certainly every village of as from want of stamina to take in hand.an

proceeds got so much from want of knowledge dash ol imported from the United States has caused so many accidents that it is to be Itoped for a gold coinage the balance of trade was as

sufficient dignity to be called a trading village enterprise ner dig discretion, temper and stabi- that the report is correct. much against her as it is against hina, as the

or a market town, has one or more Tael v lues, Jity of purpose all three qualiti-sintle en- following table will show →→

and the system is an exceedingly cumbersome couraged amongst the rulers of China. They Exports,

one. The only change needed is in fact to must be supplied-fran abroad if necessay. 50%

sobst tole for the terms used to denomiate the various kinds of mels now, in use by the one

Japan-1899.4%. China-1971 49% 5:

Imports.

00%

The figures being placed together in this way show a must remarkable likeness. They are so much alike that one may say the trade of China and J pon are in exactly the same, relative positions and as far as these figures

·will show the conditions are very similar.

HOW CAN THIS REFORM RE BROUGHT ABOUTY

The invasion of Canada by American im

migrants is causing much discussion in political circles. Since the beginning of this year 30,000 Americans nave crossed the border as sellers, and the Canadian Minister of the word Kingliang (gold tarl). The Chinese Amere discussion of this subject in the local Interior estimates that 10,000,00 acres of laugi would very rapidly adapt themselves to the Press of China is not sufficient to effect per- have been sold to Americans. This sounds new system and it woull everywhere be wel-manent good. I would therefore su gesi big, and the question is sometimes naked-Does comed as soon as it was undersined," Those That the various Associations and Cham- his not constitute a danger? As a matter of persons who are interested in the constant bers of Commerce in China shall at once, fict the invasion does not look so furmidable As far as China's traite is concerned the handling of silver and who count their profits approach their respective Governments, laying when viewed in comparison with the area of above figures are pos-ibly scarcely fair and do hereby would, of course, uner their complaint the above and other facis before them and the country. There are some

me1050:0 000 not show the real condition of the trade. It is against the change but the benefit to the nation

asking for-immediate action,

acres open for settlement in Manitoba, perhaps more fair to take the exact valuo of,, As" inch would be an overwhelmingly pro-

-Strong representations should be made Assinibola, Saskatchewan, and Alb ta. The the imports at the moment of landing, before nounced as against the p'esent system that no to the Chinese Government so that they, also question is, in fact, not a political onc ver. It is the duty has been added, and to take the objections should be sufficient to over ride may be prepared to put the scheme into in commercialsher for if the British agriculturist exports at their value at the moment of ship, the adoption of the

does not take op the vacant wheat lands, the ment, which will be dair real value. When trade would at once benefit by the estab

vuto meci the figures are thus analysed they will show

chustry ith British- thas, 44% of the trad

migration.

and 56% 16.

for ASAHI

clongs to

fill give

„Forej

y of exchange The present elements of gamb

ling would be eliminated. The payment of duties, loans and indemnities would be im

ASAHI JAPANESE BEER

mediate operation.

There will naturally be many who object

the contemplated action. No scheme had ever

„been]

by mor

4200 will be paid. The idea has only jus be n worked out but already several people have taken advantage of it. The premium is balf a crown per cent.-the same as for >mall-pox.

I

Commercial.

TO-D VS INTELLIGENCE.

BANKS' continue in very great request, more other. There are very few shares in Hongkong. attention being given to this stock than to any

On account of the low rate of exchange, adarge number of shares have gone on to London.

LODGE

No. 525, E.C. REGULAR MEETING of ZETLAND

A LODGE will be held at the FREE MASONS HALL, Zetland Street, on MONDAY,. the 2nd February, at & 30 for 9 p.m. precisely. Visiting Brethren are cordially invited to attend.

Hongkong, 23rd January, 1903. –

(1000 DOUGLAS STEAMSHIP COMPANY,

LIMITED..

FOR SWATOW.

THE Company's Steamship

"HAILOONG,"S Captain Gibson will be despatched for the above Port, on SUNDAY, the 25th instant, at Daylight.

For Freight or Passage, apply to

DOUGLAS LAPRAIK & Co., General Managers. Hongkong, 23rd January, 1903,

TOYO KISEN-KAISHA,

(ORIENTAL 5.S. CO.) REULAR SERVICE. BETWEEN HONGKONG AND MANILA, IN 48 HOURS. THE Company's well-known Steamship.

ROSETTA MARU,"

3,869 Tons, Captain N. Tate, will be despatched hence for MINIA, on WEDNESDAY; the 28th instant, at Noon.

To be followed by "ROHILLA MARU,” on the 3rd February

Sales have been effected to-day at $700. There Electric light, Doctor and Stewardess carried. Magnificent accommodation Comfortable cabins. Excellent table. Unrivalled speed.

are buyers of Dock shares for cash at For Freight or Passage, apply at the Com- ago. There have been frequent inquiries.; pany's Office, 3, Queen's Building, Ice House for SHELL TRANSPORTS, and sales have been

K. NAKASHIMA, made at various rates. There are now buyers

Manager at £1. 10.

Ireel,

Hongkong, 23rd January, 1903,

EYES TESTED.

LENSES FOR CORRECTION OF ASTIGMATISM SPECU

GROUND ON THE PREMISES SPECTACLES

ITTED

LAZARUS

1189d

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