1903-04-14 — Page 5

TELEGRAMS."

(Renter's.)

LONDON, 11th April. The Strike in Holland. The First Chamber of the States General at an urgent sitting has passed the anti- strike law which has been sanctioned by the Queen and comes into force immediately.

Illegal Combinations in the United States. The United States Court of Appeal has recently decided that the amalgamation of the Northern Pacific and Great Northern railways is an illegal combination; this decision is a great victory for President Roosevelt, who initiated the suit, and completing the estrangement of the great capitalists of his party, is likely to have important political and commercial results.

12th April. Algeria. Resignation of Governor-General, The sudden resignation of M. Revoil, Governor-General of Algeria, on the very eve of President Loubet's visit, has caused embarrassment, though the arrangements for the visit are not thereby modified.

The America Cúp Defender. The America Cup defender Reliance has been launched. She has more beam, and is more skimmingdish in shape than any previous defender Herreshoff has built.

(N. C. D. News.)

The London Education Bill.

London, 8th April.

THE HONGKONG TELEGRAPH TUESDAY, APRIL 14, 1903.

EXPONT OP CATTLE FROM. HONGKONG.

Week after week Hongkong receives and exports cattle to Manila, and "contrary to what would be imagined, they are welcome pas sengers aboard ship inasmuch as the Chief Officer receives a substantial consta if they are delivered to the consignee in a credit uble condition. Comparatively few of the cattle are reared in the pasturelands of the New Territory,

but arrive here from the banks of the Canton

and West Rivers. Hongkong's business with this meat supply for the Manila Yank, and his lule brown brother, is confined to tranship. ping, and making a squeeze. It has been fairly demonstrated after trial that our Northern River competitors at Shanghai are not favour ably situated for contest.

VANISZE INSURANCE ASSOCIA- TION, LIMITED.

At the thirteenth ordinary gencial meeting of the shareholders of this Company to be lie!! an April 21st, the report of the Mr. W. S. Jackson will show the working account for 1501 and former years This account showra credit balance of $178/$8, vagainst $160,217,97 on the gist December, 1901. The directors recommend the payment of a dividend to shareholders of 20 per cent out of this account and the transfer of $20,213 11 to the credit of reserve fund. The account will then stand as follows:~

Dividend of zo per cent. ($12 per

share).....

To reserve fund.

Balance to be carried forward

.....$96,000.00 50,223.08 5,865-49

$168,08.60

The dividend will be paid in taels at

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Chinese officinis, that every effort is being made to recover the mines by making Chang Yon-mao repudiate his sale; and if this at-, tempt succeeds, the shares and debentures. of the company will become valueless. Al- ready considerable harm has deen done, for the support given to Chang by the foreign shareholders in China has emboldened him, as Director-General of Mines, to stop the development of the coal field owned by the company, and to put difficulties in the way of the sale of its "coal At the meeting at Tientsin in November last. Chang assured his foreign supporters that whatever happened their interests would be preserved, but the acceptance of such a bribe by the foreign shareholders would have been n deathblow to the investment of European capital in China in the future; and if the foreign shareholders helped Chang Yen-mao to repudiate his sale of the mine, what security would they have that he would not in turn under pressure from his Government, repudiate his promise to them?

Commercial.

TO-DAY'S INTELLIGENCE. Market opened rather firm after the long spell of the Easter holidays. HONGKONG FIRES have been sold at $30 and there are small buyers at this rate. CHINAS are offering at $64. INDOS are quoted Stop buyers. Star Ferrics show an improvement and are wanted At $27 and $15 for Old and New, res pectively. advanced to $103.50 with buyers, RAUBS have CHINA SUGARS have slightly been sold at $7.jo and have further buyers. There is a reported big undertaking for the Dock Co. and shares, are accordingly

quired for at $116 without shares be ing forthcoming. HONGKONG LANDS are offering in small lots at $173. HONGKONG HOTELS had sales at $145-50, and HONGKONG COTTONS at $16. ICES are wanted at 232.50. CHINA PROVIDENTS continue on offer at $9.60 without inducing bayers.

THE PUNJOM MINING CO., LD.

The Secretary of the above Company ad- vises us that he has received telegram from the mines giving the result of preliminary crushing of are from Swah up to the 9th just., which gave a yield of 64, ounces of smelted gold for 115 tons of ore, equivalent of 11 dwts. 3 grains per tou. Value 1út $1,670,

HEMP.

It must be remembered that the present company is not the original concessionnaire, and is simply a purchaser of the concessim and that an agitation to prove any invalidity in the original concession or in the terms of the transfer, is simply to attack the validity of the title under which the present company holds in their weekly circular, dated Manila, 31st Messrs. Warner, Barnes & Company, Ltd., the property; it seems to be, in fact, an attemp: March, state: Since our last issue, the of the shareholders to destroy their own pro-market has ruled very weak with des perty. Therefore we think that is the interest of foreigners all round the agitation should be stopped, the dead past should be allowed to bury its dead, the present management should be backed up in every way, and any agitation should be in the direction of compelling Chang Yen man to further the development of the coal field and fulfit all his obligations to the company. The Chinese shareholders are as much interest- ed in this as the foreigners, and the support of

Sir William R. Anson, Bart., M. P. (Unionist, exchange 73. 513 exc. 73-taels 8.76 per the British Minister can be relied on, as it is Oxford Univ.), Parliamentary Secretary to the share. Board of Education, has introduced in the Commons a Bill abolishing the London School Board, and making the County Council the supreme educational authority.

Sir Henry Campbell-Bannerman, the Liberal leader, strongly opposed the measure, and there is a prospect of the renewal of last year's Education struggle.

The Japanese Commercial Treaty with China.

Tokio, 9th April. The negotiations betwe n China and Japan for a revised commercial treaty are virtually concluded. Only two or three points await Tuller discussion, notably the likin question.

Japanese and the Evacuation of Manchuria.

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THE CHINESE ENGINEERING

AND MINING CO., ID.

It is a very important question, both for the shareholders in the Chinese Engineering and Mining Co., Ld., and for all other mining companies in which foreigners are or may be interested in China, whether the agitation now being carried on by a carbined committee of Chinese and foreign shareholders in the above-named company should be dropped. It must be remembered that this company is practically fighting the battle of foreign mining enterprises in China; if it fuls, from internal dissensions or from the pressure of the Chinese Government, the failure will be a serious blow to all foreign enterprise.

Tokio, 9th April. The history of the company has been a stormy The excitement is growing among a section one, says the N.C.D. New's; during the troublus of the Japanese public because of the illusory of 1900 it was sold to save it from a worse fate character of the Russian evacuation of Man and the uncertainty was so great that it was churia. Two non-political Parties met at soll cheap. The buyers sold it to a syndicate, Tokio on the 8th instant, and passed a resolu- and the syndicate sold it to the present cam- tion praying the British and Japanese Govein-pany, the price, as is always the case in such ments to urge China to insist on the restoration of the reality of the executive power in, Man churia, and open the three provinces to foreign trade.

A Professor at the Tokio University address ed the meeting in Chauvinist strain, declaring that nothing was capable of converting the evacuation into a practical fact except war, for which Japan is fully prepared, it being a vital necessity for her to keep Manchuria accessible to her rapidly-increasing surplus population.

The agitation is still not serious,

International Courtesies.

London, 9th April. Four battleships from the British Channel squadron have been ordered to Algiers to salute President Loubet on the occasion of his visit to that colony on the 14th inst.

The Labour Troubles in Russia,

Berlin telegrams report strikes at Nijni Novgorod, followed by seriousriots, the artillery fiting on the mobs, with 130, casualties in a single engagement.

The Strike in Holland.

London, 10th April There is no improvement in the situation in Holland, where a general strike has been proclaimed.

CANTON NOTES.

(From Our Correspondent.)

CANTON, 13th April. PIRACIUS. The British launch Wing Chun was pirated near the north-west of the City on Thursday Two soldiers were killed and several civilians wounded. This morning at 430 the Kong With was pirated and four men killed. It seems ex. ceedin, ly strange that nothing is heard about the gunboats, Piracy after piracy is reported, and they continue riding at anchor of Shamien, THE EXPLOSION.

operations, increasing with each transfer. When the troubles were over, the Chinese selier Chang Yen-mao repented of his bargain, and wanted to get his property back, and he succeeded in getting the foreign shareholders in China to join with him in bringing charges against the transactions connected with the original sale of the property, and its acquisition by the present company. The result of a dispute lasting two years-we are not discussing the merits of the dispute is that the value of the company's shares and debentures is depreciated, and the company is working under great difficulties created by the Chinese on the strengt of the support afforded by the foreign agitation. This agitation bas doubtless been useful up to a certain point:

but the point seems now to have been reached The aim of all the shareholders now should be to make the company a success; to continue the agitation is simply to play into the hands of Chang Yen-mas and the Chinese Govern. ment, whose aim it is to get rid of foreign ownership altogether from the mines. We

highly important to British interests that the property should be in the hands of a British campany. The prosperity of the company is very seriously threatened by the continuance of the agitation; but relieved of the unnatural antagonism of its own shareholders, and with their support frankly accorded to the present management, the company would have a fair opportunity of developing its property and be- coming a prosperous concern, while at the same time proving itself a valuable ally to the Chinese Government in helping it to meet its financial difficulties.

In connection with the above the N. C. D. News paints out that the following facts should be noted

-The Belgian Mining Engineer-in-chief is now on his way to Europe having been super seded in November last by Mr. Wilson.

2-The whole of the staff at Tongshan are now British.

3-Only four Kelgian miners are now in the Company's employ and they are concentrated

in the minor shafts at Linsi and N. W. shaft,

4-The internal administration of the Con pany has been reorganised. All accounts and payments are cor centrated in the head office.

5-No payments are made unless person- ally sanctioned by the General Manager.

6. The business of the Company is being conducted on the lines of a commercial firin.

7. No staff is being sent out from Europe by the Bord.

8-No material or plant is being sent out unless specially indented for.

9-The Board are not endeavouring to control the working of the Company from Europe,

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clining tendency, and values have dropped $2 per picul in the interval. Dealers have accumulated stocks at anything near their first found it impossible to dispose of their

cost and contemplate putting a portion afloat Demand in consuming markets has abated and this, added to freer receipts, has the effect of forcing prices down. We quote fair current with sellers and no buyers at 519.50 per picul first cost, equal at exchange 1/7 13/16 to 30. 14. 2 per ton f. o. b.

SUGARS.

Writing under date, Manila 3rst ul., Messrs. Warner, Barnes & Co., state :—Itoito: Al- though shortly after the issue of our last circular, some parcels of No, i changed hands at $5.62) per picul, market has been steadily going down ever since, and to-day we quote $5 per picul for ual assorted, equal at 1/7,15/16 exchange to £7. 3. o per ton f, o, b with sellers and no buyers. No doubt, with actual business before them, dealers would let, go at a reduction from this price.

RICE.

In their report from Manila, dated March

31st, Messrs. Warner, Barnes & Co. write: Owing to very light stocks in the marker, prit as have ruled "higher since our last, and Saigon having been sold at $7.25 per picul

The provincial demand is, however, very limited yet, but expected to improve soon. Saigon market continues very steady, and it is po-sible that the expected decline during next two months may not be realised to the full extent, as the estimated crop shortages in producing markels may then be felt.

W

13

EXCHANGE. -

...

ON LONDON, Telegraphic Transfer...1/7 5/16 Rank Bills, on demand........174 Credits, 4 months' sight.....1 7 11/16 D'ments 4 months' sight...1/7 13/16 ON BERLIN, (demand)

31.1.05! ON PARIS, Bank Bills, an den and

2.03 Credits, 4 months' sight 2,07 ON NEW YORK, Bank Bills, on demand...391

Credits, 30 days sight..... 39 ON BOMBAY, Telegraphic Transfer. On demand

To-day's Advertisements.

THEATRE ROYAL,

CITY HALL.

Lessees and Proprietors (Mr. C. A. Pollard,

1 Mrs. N. CHESTER.

POLLARD'S

LILLIPUTIAN

OPERA COMPANY,

TO NIGHT and TO-MORROW NIGHT- (TUESDAY) and WEDNESDAY, -"BELLE OF NEW YORK."

THURSDAY and FRIDAY, "LA MA-COTTE.”

NEXT SATURDAY AFTERNOON

at 3,30 1.M. sure. GRAND MATINEE, "LA MASCOTTE.”

SATURDAY NIGHT and MONDAY, The Ever Popular,

"A GAIETY GIRL."

PLAN at ROBINSON, Late Trams and Ferries. Prices as usual.

A. H. POLLARD, Manager.

Hongkong, 14th April, 1903.

PUBLIC AUCTION.

THE GRAND SALE OF CLOISONNE WARE will take place TO-MORROW,

(4220

(WEDNESDAY), the 15th April, 1903,

at 10 A.M., at their

SALES ROOMS, No. 8, Des Voeux Road, Corner of Ice House Street, Catalogues will be issued. TERMSAs usual.

HUGHES & HOUGH, Auctioneers.

Hongkong, 14th April, 1903.

IN THE SUPREME COURT OF HONGKONG.

PROBATE JURISDICTION.

In the Goods of EDMUND LOUIS COMAR, LATE OF THE RIZEKIE YEE CHEONG, CHOLON, IN THE FRENCH COLONY OF SAIGON, COCHIN CHINA, ENGINEER, deceased. FOTICE is hereby given that His Honour Thief Justice has, in virtue of Sec- tion 8 of Ordinance No. 3 of 1897, made an Order limiting to the roth day of October, 1903+ as the time for Creditors to send in their Claims against the Estate of EDMUND LOUIS COMAR, late of the RizERIE YEE CHEONG, Cholon, in the French Colony of Saigon, Cochin China, Engineer, who died on the roth day of Febru ary, 1903, at the Peak Hospital, Victoria, in the Colony of Hongkong, and Probate of whose Will was granted by the Supreme Court of Hongkong in its Probale Jurisdiction on the 19th day of March, 1903, 10 HERRERT JOHNSON GEDGE, of Victoria aforesaid, Solici. for, one of the Executors named in the Will of the said EDMUND LOUIS COMAR.

NOTICE is also given that all such Claims are to be sent in in writing to the Undersigned prior to the said roth day of October, 1903, or no Notice will be taken of them.

All persons indebted to the above. Estate are requested to make immediate Payment to the Undersigned.

Dated the 14th day of April, 1903.

462e

JOHNSON, STOKES & MASTER, S, Des Voeux Road Central, Hongkong, Solicitors for the said Executor.

INDO CHINA STEAM NAVIGATION COMPANY, LIMITED.

FOR MANILA. HE Company's Steamship

THE

"LOONGSANG,"

Captain Weigall, will be despatched as above on FRIDAY, the 17th instant, at 4 P.M.

This Steamer has Superior Accommodation for First class Passengers, and is fitted through. out with Electric Light.

For Freight or Passage apply to

JARDINE, MATHESON

General Managers.

Hongkong, jth April, 1903.

& Co.,

[4610

COMPAGNIE DES MESSAGERIES MARITIMES.

PAQUEBOTS-POSTI FRANCAIS.

FOR SHANGHAI, KOBE AND УОКОНАМА.

[464 THE Company's Steamship

FOR SALE. A TABLE with CUES and BALLS.

NEW MINIATURE BILLIARD

For Particulars, apply

"P.G.," Clo Ilongbong Telegraph. Hongkong, 14th April, 1903.

(4050

"CALEDONIEN," Captain , will be despatched for the above Parts on or about MONDAY, the oth instant.

For Freight or Passage, apply to

G. DE CHAMPEAUX, Agent. Hongkong, 14th April, 1903.

THE HISTORY

(1004

120 Of impaired and lost eyesight, cataracts and other diseased conditions of the eyes is ....121 generally associated with delay is getting first glasses, cheap spectacles, tramp spex, bung. ON SHANGHAI, Telegraphic Transfer734ing of incompetents and the indiscriminate wearing of others' discarded glasses.

Private 30 days' sight ON YOKOHAMA, T.T. Sovereigns, Bank's Buying Rate Gold Leaf Loo touch, per fael ... Bar Silver......

OPIUM QUOTATIONS.

To-day's quotations are as follows

MALWA NEW

"

LAST YEAR OLDEST

to The Company, though owning a very large coal field, is prevented by Chang Yen- mad as Director-general of Mines from boring | PATMA NEW and sinking new shafts. This is crippling the operations of the Company and prevents it getting new good coal to supplement the worked-out old pits at Tingshan.

1-The Company has not been given possession of any of the land it owns at Chin- wangiao.

12-Various 1 nds have not yet been handed over to the Company.

13-One of its steamers still sails under the

BENARES NEW Persian (Paper).....

nom.

ONLY ONE PAIR OF EYES

***** 79- $12.24

To last a life line. Keep them healthy and enjoy comfortable and perfect vision to 63.93 the greatest age by getting your glasses fitted by ..22 13/16

Per chest .@ $ 960/980

1,000/1,020

1,060/1,110

@ 1,050 @ 1,040 @700/750

To-day's Advertisements.

DOUGLAS STEAMSHIP COMPANY, LIMITED.

FOR SWATOW, AMOY AND FOOCHOW.

take the following from an interview with Mr. Chinese Bag as it has not yet been formally THE Company's Steamship Maseing reported in the Westminster Gazette | handed over to the Company. of the 24th of Febru ry -

"It is interesting to note also tat for years.

.1

the old company paid dividends at the rate HEMP EXPORTS ARE DUTIABLE, of £20 000 a year, which was raised to £150,000 directly it came under European control. In view of this extraordinary difference in net results the native shareholders came to realise the real value of their property, and started an agitation to know why it was sold,

"Besies this, the Chinese officials-who

Collector Shuster has rendered a decision in the matter of a protest by Messrs Warner, export duty assessed on a cargo of hemp farnes &C who complained against an

hipped direct to the United States.

The amount of the assessment reaches the. sum of $2,622.50, and the protest has been overruled and denied. The decision of the

"THALES,"

Captain Robson, will be despatched fur the above Ports, on FRIDAY, the 17th instant, at II AM.

For Freight or Passage apply to

DOUGLAS LAPRAIK & CO., General Managers. Hongkong, 14th April, 1973

14660

DOUGLAS STEAMSHIP COMPANY, LIMITED.

FOR AMOY AND TAMSUL

collector is creating much comment among THE Company's Steamship

Warner, Barnes & Co. base their protest on

difference between £150,000 and £20,00-the exporters in Manila. had plundered the company for years of this brought official pressure to bear; and Chang Yen-moo, the Director-General of Mines for the Chinese Empire, who sold the property, was afraid to disclose the real nature of the transaction, shareholders and officials alike being kept in the dark as to the existence of the deed of sale.

It is clear, therefore, from this statementy Some of the powder which did not explode which puts an entirely different construction on Friday is now being removed from the upon the whole reatter-that the agitation has East Gate apsenal to the one at the North Gate all along been a bogus one. The shareholders Ono, would have thought the recent disaster were wilfully deceived. Chang Yen-mao, while would tend to make the coolies more careful posing as a badly used person, was all the white in the manner in which they go to work, but instead of any change they continue bandling provision sof which he knew the whole action in pussession of the deed of sale, under the the powder as though it were diy fish and of the directors was unassailable i smoke and throw matches about without any It is unquestionable that until the arrival of thought of the nature of the material around the present general manager, the administra No account has been taken of the num-tion of the company was very defective. The ber killed and wounded by the explosion The staff was excessive, the arrangements were exact number will probably never be known, unbusinesslike, and there was general con- and where so many are concerned one can fusion and want of management. All this has only give the total in round numbers.

now been remedied, and the campany is being THE NEW PORTS...

administered in Chian, without any attempt to work it from London, on English lines with English employees. But in the past it was such a lucrative source of income to the ASK for ASAHI JAPANESE BEER

them...

understand that a record in the passenger traffic on the West River has been established since the opening of the new ports.-

STC 102 ASAHI JAPANESE BEER,

ASK

G. Girault,

the ground that export duties upon Philippine consumption therein, which enter the United products shipped direct to the United States for

Sales free of import duty, have been abolished by law and that the Manila hemp in this parti- cular shipment falla under this category.

"HAILOONG," Captain Cibson, will be despatched for the alive Purts, on FRIDAY, the 17th instant,

at Daylight.

For Freight or Passage, apply to

DOUGLAS LAPRAIK & Co., General Managers. Hongkong, 14th April, 1003.

14670

EASTERN AND AUSTRALIAN STEAM SHIP COMPANY, LIMITED.

FOR SYDNEY AND MELBOURNE.

LAND

PORTS, and taking througt Cargo to ADELAIDE, NEW ZEALAND. TASMANIA, &c,)

Section 2, of an Act of Congrear, approved March 8, 1907, contains the following clause or words: "But all articles, the growth and pro- ducts of the Philippine Islands admitted into the port of the United States free of duty and coming directly from said Islands to the United (Calling at TIMOR, PORT DARWIN and QUEF NE States for use and consumption therein, shall be hereafter exempt from any export duties imposed in the Philippine Islands." Collector

exemption from export duty granted to Shester bases his decision on a clear study of THE Steamship this law. He finds that in order to obtain

Philippine products sent to the United States, it is necessary that the products shall bave fulfilled certain conditions which, in the sequent to the expoitation. very nature of things, could only exist sub.

"AUSTRALIAN," Captain Helms, will be despatched for the above Ports, on WEDNESDAY, the 6th May, at Noon.

Thiswell-known Steamer is specially fitted for Passengers, and bas a Refrigerating Chamber, which ensures the supply of Fresh Provisions, Ice, &c., throughout the voyage.

This Steamer is installed throughout with the

Hemp (in a certain form) is on the free list, but the collector states that his office is not United States nor to determine its non-dutiabili-Electric-light authorized to "admit" it free of duty into the ty on is exportation from these Islands. To A Stewardess and a duly qualified Surgeon grast exemption from export duty here on the are carried. assumption that a given shipment would be W.B. To assure the additional comfort of be justified either by law or sound business electric fans fitted in stateroom admitted free into the United States would not | passengers the steamers of the Company bave

policy-Manila Timis, AAO WA

For Freight or Passage, apply to

GIBB, LIVINGSTON & CO. Agen's Hongkong, 14th April, 1973.

SK for ASAHI JAPANESE BEKR.

G. Gimalt

N. LAZARUS,

OPHTHALMIC OPTICIAN,

OF LONDON AND CALCUTTA.

Consulting Room: No. 16, Queen's Road Central.

Entrance through. Mr. R. Houghton's Tailoring Establishment, nearly opposite Hongkong Hotel.

SIP BUCHANAN

BLEND SCOTCH WHISKY:

JAMES BUCHANAN & CO. SCOTCH WHISKY "DISTILLERS, By Appointment to

EM. THE KING

and

HIBH. the PRINCE of WALES

AND

LANE

14680

CAN'DE OUT ÎNED. FROM

CRAWFORD & CO.

ALSO THE UTUAL STORES AND FIRST CLASS HOTELS AND CLUBS

[6c

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