1903-07-06 — Page 3

FISCAL FEDERATION WITH OUR COLONIES.

TO THE EDITOR OF THE LIVERPOOL

DAILY POST,"

Sir, The present (Free Trade) system has stood rigorous tests; under it our trade and commerce have healthily and steadily grown, And the ties of affection' between' the mother country and the colonirs become more and more intense. Yet, in his speech, at Birming: ham, Mr. Chamberlain seeks the reversal of this successful policy and the adoption of a system that has been tried and proved a failure in connection with the colonial possessions of our own and other countries. In previous speeches he advocated his Imperial schemes on the ground that they would cause an increase

THE HONGKONG TELEGRAPH, MONDAY, JULY 6, 1903.

cicased, but, might be diminished, by Mr. Chamberlain's scheme. India is in a similar position to Canada; we could not supply the goods she obtains from foreign countries. For

the most part they consist of Oriental or tropical

produce. In Australia it is also much the same. The fact is that when we analyse the trade done by our colonies with foreign coun- tries, we find there is very little of it that could under any circumstances be transferred to us, So that, in addition to the difficulty of the white population, of the Empire being so small, we have the further fact to lace that there is little, if any, extra trade we would secure if the suggested preferential tariff were in force. What are the sacrifices we are likely to have to make in respect of our trade with foreign coun- tries? At present foreign nations place tariffs on our goods entering their ports, but they also

Intimations

THE HONGKONG ELECTRIC CO.si

LIMITED...

NINTH ORDINARY YEARLY

OTICE is hereby given that the FOUR MEETING of SHAREHOLDERS will be held at the COMPANY'S OFFICES, No. 4, Queen's, Buildings, on SATURDAY, the 11th July, at 11.30 PM, for the purpose of presenting the Report of the Directors, together with a State ment of Accounts to 30th April, 1903, and Electing Directors and Auditors,

The TRANSFER BOOKS of the Company will be CLOSED from the 27th June to the 11th July, both days inclusive.

By Order of the Board of Directors,

GIBB, LIVINGSTON, & CO., Agedts. Hongkong, 22nd June, 1903.

[72ye THE CHINA LIGHT AND POWER COMPANY, LIMITED.

intimation.

THE HONGKONG TELEGRAPH.

1, ICE HOUSE ROAD,

.סHONGKON

CABLE ADDRESS,--Telegraph, Hongkong.

'HE loading English Newspaper in China THE

Also widely circulated in Japan, Cochin

in our traile. Now, be talks of sacrifices on our place tariff's on the Kouds of other nation NOTICE is hereby given that an EXTING China, Ceylon, India and the Far East

part, and practically admits the change would lead to a diminution of our trade with foreign countries. We are to make sacrifices in respect of three-fourths in order to gain à problematical advantage in respect of one-fourth of our trade It is easy to talk about the British Empire com- prising on quarter of the inhabitable surface of the globe, being inhabited by four hundred millions of people, and producing all kiuds of produce. Outside the British Isles

not

• Ors

Thus

Edmund K. MUSPRATT, President, Financial Reform Association,

18, Hacking-bey, Liverpool.

WENT ON ALL FOURS. ̧

In most cases we are less heavily rated than other countries, for we are always treated on "the most favoured nation basis," Some people talk about the disability we are placed in by reason of having no duties to reduce or abolish in order to gain special privileges, but if we were a Potective country, and had such duties to bargain with, we could in no case get placed upon a better fuoting than we are upon at present. Thanks to our there are

then eleven millions

"open door" policy, we buy everything.at the of whites, and our Asiatic or black sub- very lowest price, and have an advantage over jects are very poor, and consume very all our competitors in the fact that we get all little of our manufactures in proportion to

our raw material, &c.. at a cheaper rate, all their numbers. We send almost as much to

round, than they d The most of the imports the four million whites in Australasia as to the from our colonies are food or raw material. tí three hundred millions of inhabitants of India.

the preferential tariff is to give the colonies So that at present there is not the population any advantage, it can only be by allowing to compensate us for the loss of any of our them to get a higher price for the goods they foreigo trade. We cannot import unless we send to us. That, however, means we must export, and unless the colonies take our manupy more for our food and faw materials; this factures from us we cannot take the raw mates will raise the cost of production, and, con- rial and food-stuffs from them in preference to sequently, lower our ability to compete with the United States and other foreign countries. foreign nations, not merely in neutral markets, This may not be in the Sermon on the but even in our colonies themselves. Mount," but it is true all the same. Nor is by this scheme there is no trade we can expect there any immediate prospect of any appreci to gain, while there is the certainty of losing a able increase in the white population of our large share of the trade we do with foreign colonies In the Transvaal,, for instance, the

countries. Yours, &c. 'mine owners do not desire a large influx of whites; what they want is cheap black or Asiatic labour. Australasia at present shows no disposition either to give us preferential treatment or spend money on naval defences, excepting upon its own terms. The increase of population there is slow, and there are special laws against the immigration of even British workers. In Canada there is an increase of population, chiefly owing to the fact that farmers from the United States are migrating to Manitoba. According to Mr. Chamberlain, trade with these men so long as they live on our side of a geographical line can be des-of is fluenza. It left me for a long while an pised, but the moment they cross that line into Canada it b comes most valuable, And we are to make sacrifices in order to obtain it. The experience of New South Wales before she adoned the tariff of the game wrath of the trade and population of our colonies was for them to adopt Free Trade. As their pro-day, however, I chanced to see in a newspaper aparity increased, so also would our trade with them. It may be said that, although the white population of the colonies is small, yet they take far more of our goods proportionately than foreign nations. Figures to this effect have been quoted in certain newspapers. The more these writers show our trade with our colonies is flourishing, the more they prove artificial fostering by means of preferential tariffs is un- The point they have to prove, necessary. when advocating Mr. Chamberlain's scheme, is that by it we would obtain trade the colonies now give to foreign countries. Here we have the results of the Canadian experiment of giving British goods preferential treatment. It is all very well for Mr. Chamberlain to show that our exports to Canada have increased; he omits to state that the exports of the United States and Germany have also increased as much, if not more than our own, notwithstand. ing the preference.

Australia showed that best way

In 1900 the British colonies imported goods to the value of about £83,0,000 from foreign countries. Of course, the figures in regard to South Africa are vitiated by the war. What proportion of that trade might we expect to get by any scheme of fiscal federation?

The value of the imports of goods from for eign countries into our colonies was, in 1900, As follows:-

Canada

£37,500,000

Straits Settleme: t

18,200,000

India

13,600,000

Australia

11,300,000

Africa

5,403,000

Ceylon and Mauritius

1,900,000

New Zealand.........

1,600,000

West India, &c...

3.400,000

Here it will be seen that the colony that im- ports most from freign countries is Canada, the colony that already accords us preferen- tial treatment. The reason. is obvious. There

Pitiable state to which weakness following Influensa brought a lady, and of which Dr. Williams' Pink Pills cured her.

"Two years ago." said Mrs. Webb, (f South Ockendon, Essex, England, "I had an attack

invalid. I was so weak and ill that I could not stand or walk. In order to get round my room I HAD TO CRAWL ON MY HANDS AND KNEES. A doctor attended ne, but for months I was helpless. In the mornings I used to crawl night my husband cairíed me up again. One

account of a remarkable cure by Dr. Williams' Pink Pills for Pale People. So I bought a box.

"After I had taken nearly the boxful my strength began to return. I lost the former feeling of weakness, and my legs got better and stronger. I persevered in taking the pills, and was, I am thankful to say, soon able to walk all over the house.

"I have been better ever since. This winter I am able, for the first time since my legs became bad, to do all my housework."

Influenza is worse than any other cold: but all colds wear down the strength and thin out the blood, because any cold is a sort of fever, and fever lowers vitality, Influenza generally leaves some serious disease behind it—of the kidneys, heart, lungs, or stomach: all due to the effect on the blood. Dr. Williams' Pink Pills are better than any other medicine in such cases, because they cure the cause of the trouble, which is Poor Blood and Deficient Blood. They send new and richer blood coursing through the veins with every dose. In the same way they cure Anaemia, Consump tion, and all Wasting Diseases. Nor is that all. They tone-up and strengthes the system; they are good to take after a cold, but better stili before it. Nothing is so good a preventive of Colds and Influenza

ja a long border lins between the United States and Canada, with, of necessity, a vast amount of inter-change between the people living on each side of that line; notwithstanding the limitations imposed by the Customs tariffs of Both countries. But the bulk of the goods Canada imports from foreign countries consists of raw materials, which we could not possibly Bupply under any conditions. We could not export grain, raw cotton, seeds; petroleum, Even Mr. Chamberlain cannot sugar, &c. alter our climate, nor add to our natural re- sources. For could we expect to compete in regard to iron and steel manufactures, mo far as heavy or bulky goods are concerned, since the cost of freight will handicap us as compared with the products of the United States or the bounty fed products of Canada itself So that, even with Canada, the colony that is now taking the lead in the agitation for this fiscal union, we cannot hope for any in- crease of trade, excepting that which would come in any case as the population of the colony increased. In regard to the Straits Settlements, the £18,200,000 consista almost entirely of trkusit trade, which would not be ine

M

61

Intimations.

WANTED.

£793€

OUSE or THREE ROOMS FUR-

HWISHED OF UNFURNISHED.

Apply

"OMRAH,"

C/o This Office.

Hongkong, 4th July, 1903.

RIGAUD'Si

Vicker

WHITE Lice

This fugative and delicate perfume is persistant as an Extract for the handkerchief- while as a

ande Soap

Powder,

it has been adopted, by

the most re- fined French Society RIGAUD et C1

TENFUSERS

of the CHINA LIGHT AND POWER COMPANY, gezerally. LIMITED, will be held at the COMPANY'S OFFICES, No. 14, Des Voeux Road Central, Victoria, Hongkong, on MONDAY, the 13th daily newspaper with weekly edition day of JULY, 1903, at 11 in the FORENDON, published for despatch by the homeward mail when the SUBJUINED RESOLUTIONS which were passed at a Meeting held on 27th The daily is recommended as more generally JUNE, 1001 will be submitted for confirma suitable, except for subscribers in Europe or

as SPECIAL RESOLUTIONS:- 1. "That the capital of the Company be reduced from $300,000 (divided into. - 15,000 shares of $20 each) to $150,000, (divided into 13,rooshares of Sto each), and that such reduction be effected by

America

A speciál feature is made of full and accur^,

reducing the nominal amount of all the ate reports of local occurrerides, and of mat- shares in the Company's capital fromters of general interest. $20 to $10 per share."

2. "That after such reduction the capital of,

the Company be increased from $150,000 (divided into 15,000 shares of $to each) to $300,000 (divided into 30,000 shares of to each) by the creation of 15,000; new shares of Sto each to be offered and if accepted to be allotted to the present shareholders of the Company in the ratio and proportion of one. new-sbate for every old share in the Company held by the respective shareholders thereof." 3. "That in consideration of the guarantee

ADVERTISING DEPARTMENT.

The Hongkong Telegraph is the best medium for advertising in China. It circulates; argely among all classes of the community, is the largest daily newspaper and has a

and undertaking now given by Messrs wider circulation than any journal in the Far Shewan, Tomes & Co. (the General Managers of the Company) and testified | East, by their signature hereto (and to be further testfied by the execution by the' said Shewan, Tomes & Co,of a séparato

·Special attention giveh tu effectively display.

advertisements.

instrument of guarantee to be executeding contemporaneously with the Debenture Trust Deed or Mortgage hereinafter re- ferred to and to be held by the Trustees'

The `type used as standard for setting advertisementa is similar to this, unless we are

thereof to be appointed as heteinafter mentioned) that the dividend for the years 1903, 1904 and iços in respect of the new shares referred to in the second of the preceding resolutions shall not fall below the rate of 6 per centum per annam in each and every one of the said three years the said Shewan, Tomes & Co. as such General Managers inch, and about eight words to the line.

as aforesaid be and they hereby are authorised to issue Debentures to the amount of not more than $100,000 on the property of the Company to be secured by a duly executed Mongage thereof by the Company to such persons as Trustees for and on behalf of the Debenture holders as the said Shewan, Tomes & Co. may by writing undar their band appoint. The said Debentures to holders option respectives Beads for the aggregate amount in value of such Debentures taken together shall not exceed the sum of $200,000. The Bands for and in respect of the said Debentures may be issued at a discount not exceed-? ing 2 per cent, on the face value thereof but so that the holders respectively of such Debentures shall not be entitled to he repaid more than the face value there- of. The said Debentures to bear interest at the rate of 8 per cent. per annum to be computed from the date of actual issueto the respective holders thereof and to be repayable within 5 years from and after the date of such actual issue in manner following that is to say No por tion of the amount paid in respect of any of such Debentures shall be repayable during the first three years following the date of the actual issue thereof but upon the expiration of such period of three years there shall be repaid in respect of each Debenture to each and every holder thereof

(a) "One quarter of the amount paid in respect thereof within six calen- der months following the expira- tion of the said period of thres years;"

(5) "One quarter of the amount paid

in respect thereof within twelve calendar months following the expiration of the said period of three years;"

(c) "One quarter of the amount paid

in respect thereof within eighteen calendar months following the expiration of the said period of three years ["

and

instructed to display the advertisement, when any effective style of type will be adopted This standard runs exactly sight lines to the

ADVERTISEMENT RATES,

(per inch.)

One week...................

One month

..$ 2.85.

7.20

13.00

................... 37.50

-Six

Twelve.

H

9 73,00 'No'charge less than one dollar,

Discount allowed on-

3 Months Contracts...... 5 per cent.

6

#2

#1

Hit 10 *** 25

DOMESTIC OCCURRENORS.

Notices of Births, Deaths, and Marriages $1 each insertion in the Daily and Weekly.

J

CONTRACT "ADVERTISEMENTS. Special Rates for standing advertisements can be ascertained from the Manager,

Advertisements for the Daily should reach the Hongkong Telegraph Office not Ister than noon of the day they are intended to appear:

Unless otherwise specified all advertisements will be repeated and charged for until counter.

(4) "One quarter of the amount paid

in respect thereof within twenty-minded, four calendar months following the expiration of the said period of three years."

SHEWAN, TOMES & CO., General Managers. Hongkong. 27th June, 1903

NOTICE.

JOBBING DEPARTMENT.

Job Printing of all descriptions undertaken.

[788N the 8th, 9th and 10th instant on which- PROGRAMMES,

EXTRACT

10.000 White Violets equal ench boule of

PARIS Rigaud's Extract

the CHINESE GRAND PROCES SION takes place at Macao, the S.S. "WING CHAI" will leave there for Hongkong at 7 P.M.

SAM WANG & CO., LTD, 81, Queen's Road Central

Hongkong, 4th July, 1903.

NOTICE.

17908

HIS is to notify the Public that from This Date, 3rd July, 1903, any Account Con tracted by Mrs. ELIZA MARIA DA SILVA E COSTA will not be made good by the undersigned.

J. M. DA COSTA. Hongkong, 3rd July, 1903.

2018

CURES

MEN & WOMEN BID is non-polkopátis remedy for any unnatural discharge and infammation, irritation of diceration mucous membranes, Palilon5 Gnaranteed not to sizisture. Prevents nisgion,

BDED BY GREMISTS." Circular walled'on requisiti

MANUFLOTEUND Hrɑi

SOUL CINCINNATI, Ö,

[791€

PAMPHLETS,

DARDS,

CIRCULARS,

EXPRESSES.

Mails.

NIPPON YUSEN KAISHA.

(THE JAPAN MAIL STEAMSHIP COMPANY.)

· PROJECTED-SAILINGS FROM "HONGKONG-SUBJECT TO ALTERATION.

STEAMERS.

DESTINATIONS.

SAILING DATES.

! (MARSEILLES, LONDON & ANT-) BINGO MARU...WERP, VIA SINGAPORE, PENANG, SATURDAY, 11th July, at

F. 1 avies

COLOMBO and PORT SAID. Daylight. .......(NAGASAKI, KOBE and YOKO- SATURDAY, 11th July, at

KASUDA MARU

W. Scott Hunter HIROSHIMA MARU

J. Nagao

KAGA MARU*

Gea. Anderson ........

AWA MARU

N. Trennt, YAWATA MARU. A. E. Moses KAGOSHIMA MARU

K. Kori

HAMA

Noon.

Noon.

BOMBAY, VIA SINGAPORE and TUESDAY, 14th July, at

COLOMBO

VICTORIA, BC, and SEATTLE

U.S.A., VIA SHANGHAI, Moj KOBE and YOKOHAMA .........” KOBE and YOKOHAMA.

SYDNEY and MELBOURNE, VIA

THURSDAY MANILA,

ISLAND, TOWNSVILLE and BRISBANE

KOBE

TUESDAY, 14th July, at

4 P.M.

FRIDAY, 17th July, at

Daylight. FRIDAY, 17th July, at

4 P.M.

WEDNESDAY, 22nd July, at

Noon.

*Through Passenger Tickets'issûnd for the Principal Cities in the United States, Canada. and Europe, in connection with the GREAT Northern Railway and Atlantic Steamers. Round-the-World Tickets also issued. Between Moji and Kobe, 1st and 2nd Class Through Passengers have the Option of Travelling by the'Sanyo Railway.

For further Information as to Freight, Passage, Sailings, &c., apply at the Company's 'Local Branch Office in Prince's Building, 1st Floor, Chater Rond.

Hongkong. 30th June, 1903. NORTHERN PACIFIC STEAMSHIP COMPANY.

BOSTON STEAMSHIP COMPANY.

T. 6. TAKAYANAGI. Acting Manager.

For Sale,

FOR SALE.

BOSTON TOW-BOAT COMPANY, LILY Property of the F. & N. N.

VIA

Proposed Sailings "from" HỒNGKONG,

SHANGHAI, INLAND SEA OF JAPAN, KOBE, AND YOKOHAMA, FOR VICTORIA, B.C., AND TACOMA,

IN CONNECTION WITH NORTHERN PACIFIC RAILWAY COMPANY.

Steamers.

Tacoma

Victoria

Tons.

Captains. 1903.

7

1

2,812 A. Dixon

......July 3.502. Fanton ..............Aug. Pleiades...... 3,753 F. G. Purington Aug. 15

Steamers marked (*) have no passenger Accommodation.

The attention of passengers is directed to the very cheap rates offered by this line to the Pacific Coast and to the Interior and Eastern Cities of the United States and to Europe.

Special rates allowed to members of Govern- ment Services.

For further Inforhudin seed_in. Pacific. Passage; apply to

DODWELL, & CO., LIMITED, General Agents,

(8740 Hongkong, 4th July, 1903.

COMPAGNIE DES MESSAGERIES

MARITIMES,

PAQUEBOTS,POSTE FRANCAIS.

NOTICE.

STEAM FOR

SAIGON, SINGAPORE, BATAVIA, COLOMBO, BOMBAY, "ADEN, EGYPT, MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON, HAVRE, BORDEAUX; ALSO PORTS or BRAZIL AND RIVER PLATE.

ON the 14th July, 1903, TUESDAY the Company's Steamship "ERNEST SIMONS," Capt. Dupery-Fromy, with Mails, Passengers, Specie and Cargo, will leave this Port for MARSEILLES, via BOMBAY,

This Steamer connects at COLOMBO with the S.S. "NERO," which vessel takes on her Fassengers and Mails leaving that Port, on the 25th July, direct to Suez, Port Said and

Marseilles.

Cargo and Specie will be registered for Lon. don as well as for Marseilles, and accepted in transit through Marseilles for the principal places of Europa,

THE COMPOSITE STEAM LAUNCH

CO., built by the HONGKONG & WHAMPOA |Dock.Co.

For Particulars apply to D. Macdonald, 13. |Beaconsfield Arcade.

E. A. HEWETT,

Supt., P. & O. S. N. CO. Hongkong. 1st July, 1903.

17800

Insurance.

NORTH GERMAN FIRE INSURANCE COMPANY OF HAMBURG.

THE Undersigned AGENTS of the above Company are prepared to accept First Class FOREIGN and CHINESE RISKS at CURRENT RATES,

SIEMSSEN & Co.. Hongkong, 28th May, 1800

To be Let.

TR LET

"FLATS"m"widdie:

[as

WAY BAY, facing the Polo Ground. GODOWNS at BOWRINGTON, Praya Rast, No. 1, RIPON TERRACH in Flats. Apply to

THE HONGKONG LAND INVEST.

"MENT & AGENCY CO, LD. Hongkong. 6th June 1903

PRAYA

GODOWNS TO LET.

$1000

RAYA EAST, Spacions, Two-storied and Single-storied Godowns. Suitable for Yarn or Coals. Also Land for Coal Storage. |

Apply to

THE HONGKONG LAND INVEST- MENT & AGENCY. CO., LD

13970 Hongkong, 30th March, 1903.

TO LET.

"WO SPACIOUS GODOWNS-NOR 93

and 6, GOUS GOD Apply to

H. N. MODY,

Victoria Building. [1328d Hongkong, 2nd February, 1903.

TO LET.

SEVERAL NE LEIGHTON HILL ROAD,

·EVERAL NEWLY BUILT EUROPEAN

Apply to

,

THE HONGKONG & KOWLOON LAND & LOAN CO., LD.

f11040 Hongkong. 30th October, rena

8, Queen's Road West,

Shipping Orders will be granted till Noor No. only on MONDAY, the 13th July, Specia and Parcels received until 4 P.M. on the same day. No Cargo will be received on board on TUESDAY.

Parcels are not to be sent on board, they must be left at the Agency's Office. Contents and Value of Packages are required.

For farther Particulars, apply at the Com 'pany's Office.

G. DE CHAMPEAUX, Agent, Hongkong, joth June, 1901.

Hotel.

(10040

KING EDWARD

HOTEL.

A HIGH CLASS PRIVATE HOTEL

All job printing is done under Entopean. LADIES AFTERNOON TEA ROOMS. supervision, well turned out, free from errors, and remarkably cheap at

THE HONGKONG TELEGRAPH OFFICE.

given for all classes' of work on

THE MANAGER, TONGKONG TELEGRAPH CO; Lo

Tow Bloke Road,

Hongkong

SANITAS

FLUID

QEL

COLORLESS FRAGRANT

NON-

DBUDE FLUID SANTLY POIGONOUS

#POWDER

EMBRODATION

HOAPS DISINTROTOR INHALERS

PRIVATE BAR

AND

#LUIK

· FUMIDATORS

BILLIARD ROOMS.

Hot and Cold Water throughout. Electrically Lighted.

Electric Fans (if required). Electric Passenger Elevator to each Floor. --Table D' Haté at Separate Tables. For Terma, &c., apply to the

MANAGER.

Hongkong, 33rd October, 1903,

DOES NOT STAIN

KILLO ALL DISEASE

GIANS. OXYDZHATES THE AIR,

Sulphur Gazdiss• 】 KIKAZETT'S Formie Pamigutörá♬ "PATENTS,

*HOW TO DISINFECT" Book Fr

THE "BANITÀS"

Bethnal Green, LONDON, MAS

DISINFECTANTS