1905-07-08 — Page 7

JAPAN'S NEW LOAN.

THE TODACCO MONOPOLY.

The new loan of 30,00%,con, raised by Japan, and mentioned inntelegra nappenring elsewhere in this issue, is to be secured by the Tobacco Monopoly under the law of which the Govern ment has the exclusive right oftoba comanufac ture, although the cultivation of the plant is still left is the hands of private bicco growers. "It seems that the revenue from tobacco wis first obtained in Japan by taxat on; but the tax

THE HONGKONG TELEGRAPH SATURDAY, JULY 8, 1905.

tions of the shres in the two respective con- cers afford a serious-bois for conjectures, because it must be inferred that the→or the any ate the more important among them shareholders must be aware of what is going

02.

HEETING OF SHARKHOLDERS;

There is no change in Lurons and shares can | fullybe obtained at $31

Mining Chinese Engineerings are wanted

LOCAL AND GENERAL

at Tis, 71 ex the interim divdend of one skill. It is the intention of the government to make out and two new ones put on board. This oper-

ing just paid. Raubs have been purchased at $6) and $11, closing with further inquiries at the former rate,

new fire barriers and clear the old ones.

DURING the absence on vacation leave of the Hon. Mr. A. W. Brewin, Mr. E. A. Irving will act as Registrar General.

THE Austrian Consul has forwarded to us a

MR. W. Canfords (of; the Hongkong & Whampoa Dock Company, Ltd., sent a photo graph to The Navy League Journal, showing H.M.SA//as having twoʻla-in. guns taken ation was performed in three hours, and reflects work, says the journal. the greatest credit on all who had charge of the

193

As a result of the squall on Friday the

late hour been made to the police, and no water pollte, while patrolling the harbour dis covered noat Shaukiwan a cargo junk floating, bottom upwards. As no report bad.up to a bodies found, it was not known whether the capsizing of the junk was attended with any loss of life.

ON Friday last wo had to record the death of Cohitable Harding, and now we have to note another death in the Force-that.of Constable George Parker, which took place somewhat

Docks, Wharis and 'Godowas-Hongkong An extraordinary general meeting of How. Arth, Erskine I.d.. to coalider the advisability of and Whampoa Docks are firmer and have been amalgamating with Riley Hargreaves & Co., placed at $195. Farnhams receded to Tls 138 Lid, was duly held at Singapore on 28th June, but have since recevered and are now in de Theraw reproset MnMacbean, (Chairman) and at Tis. 141 Kowloon Whards have in- and Messrs Watkins, Gentle, Derrick, Pallock, quiries at Sas. Hongkew Wharfe have boom. January, 1876, was replaced in the same month

Lands, Hotels and Buildings-Hongkong a pager intended to support the Austrian export senting over five-sixths of the total shares, || of 1898 by the leaf-tobacco monopoly whereby The Chaliman in briefly explaining the ad. Lands are inquired for at $116. Shanghai trade. all crops of leaf-tobacco reaped by tabacco vantages that, in the opinion of the board, would Lands have advanced and are wanted at Tis. growers were bought up by the Government accrue to the ompany by the amalgamating, 123. Hongkong Hotels have further weak: which paid them according to the quality referred to the increased facilities of trading,

ened to $139. Astor House Hotels and of the tobacco. The tobacco th purchased under more economical gonditions and the op. Hotel des Colonies are steady, at 100 was sold by the government to private tobacco pertunities that would be offered for further tions Central Stores have been disposed of manufacturers at a fixed rate of profit, Later devlopment. Ile warned the shareholdere $18 for the old issue; the new shares have op, this monopoly underwent some changes; against the assumption that it was the inten. found buyers at $7. Humphreys Estate have and while it was in operation, the Governtion, even if it were in the power, of the Dites. changed hands at 31zi. ment realised a far greater profit than when

Colton Mills, was have risen to Tis. 43. from the examples of foreign countries that

lows at Tis, 47, and Soychees at Tls. 160. tobacco was simply Lord, Sering, however,

and are wanted. Business has been transact ed in Internationals at:/Tis. 41, Lnou Kung the introduction of the lexi-tobacco mono- poly was only a step towards the establish-

$16 Hongkong Cottons are without business at

on tobacco, which had been imposel from Dunmall, Thomson, Kennedy, and Silby repreed to "Tis. 1873 at which rate sales are reported. copy of the first number of "Austrian Exports.". dollars at ninety-five dollars for one hundred suddenly at the Government Hospital on

mant of the s bacco-manufacture monopoly, the Government, after careful consideration of the subject, contemplated for many years the creation of the latter menopoly, which eventu ally superseded the other upon the conciment of the Tobicco-manufacture Monopoly Law in March last year: As already pointed out, un der this law, the Government has the exclusive right of tobacco manufacture; but the cultiva tion of tobacco is still left, in the hands of private tobacco growers. The manufacture of tobacco with the teaves collected from the growers is undertaken by the Governmeal at public manufactories to be established · in various parts of the country; and the many- factured tobacco is sold through wholesale dealers to reinil dealers, and through the latter to consumers in general. Both wholesale and retail dealers are appointed by the Government. For the enforcement of the Tobacco-manufac ture Monopoly Lnw detailed regulations have been issued. The following are printed in the

tors to endeavour to create anything in the away by any inflated values or irresponsible shape of a monopoly, and against being led

comments regarding the shares. In the future, would probably be hell by those directly in- us in the past, the greater portion of the shares terested in the management of the company, and it was not likely that the proposed amalga mation if carries through would lead to any pic folation.

were then put to the meeting and carried. :

An

i:

Cigar Factories-Sumatras continue steady at 'Tis 68.)

bini able at $161. China Boineos have been Miscellaneous-Green Island Cements are

$ 5, and Watkins have sellers at $71. A. 5. sold at $1 "Steam Waterboats have fallen to

The resolutions as advertised and circulated

consider more definite proposals would proba cinse in further request. Electrics are quoted It was athmated that a further meeting tons have found investors at Stal, and bly he called during August, and a vole of at $171 (ul) and Siit (new) According to thanks to the Chairman Terminated the pro- April, 1905, the balance at credit of Proft and the Directors' Report for the year ending 30th ce-dings.

Loss Account in gr12,199.88; after deducting Directors' fees ($3,000) there remains the sum of Stog,199.88 available for appropriation, and it it recommended that this be disposed of as follows:-To pay a Dividend of to per cent. (say Sonald and 50 cents on new shares) ab- sorbing $45.000; to write off Plant Account $61, 48.76 and carry forward $2,153.12. Lang. kals have declined to Tls 207) owing to the rumour that the Dutch Government is going to

DOMINION DAY.

REJOICINGS IN THE LAND OF THE

MAPLE LEAF,

1st inst

THERE were 2,157 native banks, with a capital of Yen 524,529,119, and six foreign banks, with Yen 4,114,410, in Japan, on the first day of

June.

י

THE Colonial Secretary has received the fol towing telegram from H.D.M.'s Consul, Chefoo, Hongkong." dated 1st inst. "Quarantine on arrivals from

THE island Shin Iwojima, 480 feet high and 5,200 yards round, which recently rose out of the sea near the Bonin Group, Japan, has dis- appeared again

H.E. THE Governor has been pleased to accept Laing of his Commission in the Hongkong the resignation by Surgeon-Lieutenant E.A.R. Voludteer Corps.

SURGEON LIEUTENANT J. H. Swan has re- signed his commission Volunteer Corps and Dr. Charles Forsyth has in the Hongkong been appointed to the vacancy.

MARQUIS Ito is just now being made the vic. tim of anonymous postcards containing threats against him if he takes part in the peace

VICKROY Toon "Chun-hsuan has wired to the Peking Government for sanction to raise a public loan to the extent of three million dollars with interest at the rate of five per cent per annum and to raise the loan amongst the Chinese residents in the Southern ports.-The Sinanpao.

him at once to the Government Civil Hospital,

Sunday. During the afternoon the deceased comrade, and on his return to Central Police took a tram-car ride out to Shaukiwas, with a

ONE of the eunuchs having the ill-luck to die

Station, about 3 30p.m., he was suddenly taken , and it was deemed advisable to remove

after smoking a cigarette, the Empress Dowa- The deceased expired at half-past seven o'clock ger arrived at the somewhat hasty conclusion without regaining consciousness. Deceased, that it was the little weed that was responsible, who was a native of Manchester, was only sa and she has strictly forbidden anyone to smoke years of age, had previously served 13 years in cigarettes in the Palace. Another eunuch who the Marines; and lest the Argonaut in his de endeavoured in point out the mistake of this port in August 1903, and joined the Police order and the harm it would do to native indus. Force. The cause of death is believed to have try has been handed to the Board of Punish-been heat apoplexy. The funeral takes place ment.-I. & 7. Times.

this evening at the Happy Valley,

It is understood that a joint company of Chin. ese and Japanese has been established to of silk piese goods by machinery; the latter start a manufactory in Shanghai for the making

Company is in be rs. 400,025 divided into being brought from Japan. The capital of the

20,000 shares fully paid up. One of the con ditions of the deed of joint partnership is that Japanese shall control the machinery and out. put, while Chinese shall have charge of the finances.

According to the filth Financial and Econo- mical annual of Japan, the foreign trade of the perity; and the most recent statistics show that country attained last year unprecedented pros. the nation at large has ample funds at its the post office savings bank have reached the highest figures ever attained. There is, in fact, evidence in every direction that the heary burden imposed by the war has not in the leas! degree impaired the economic development of the nation.

•

THEeditor and publisher of theyugan Chronicle has been-fined yen 15 for publishing the follow. ing paragraph, without previously: obtaining permission of the Minister for the Navy Battle was generally bad, several of the shots Although the Russian gunnery in the naval found billets in parts of the Japaneid vessels, where much destruction was done. One shot carried away a mast of the Afikaŝa and a large shell struck the conning tower. Several men were killed and fire broke out on deck, but this was soon put out. The Fuji was struck in the' turret of the 12-inch gun at the moment when the gunners were loading. The shot actually struck the Japanese shell, causing an explosion that killed or wounded nearly all the-gun's crew. - Boalswain Sakai, the chief sailmmaker on the fikusa, was struck on the thigh by a shell the force of the blow, and although the knife is said to have been smashed to pieces, the boatswain escaped unhurt. The knife is now a valued relic.

- Financial and Economical Journal as some of Canada, is being celebrated the thirty-eighth impose a tax al 55/- per ton on all oil exported. negotiations, according to the Japan Chronicle, command, and deposits inade in banks and in splinter, but a knife in his pocket received

observed

Today throughout the vast! Dominion 'of the more important provision of the law:-The anniversary of the union of the provinces, tools, implements, machines, and materials and the establishment of the present form owned by tob con manufactu ers, which are to el government. The day is be used ex-lusively for the purpose of tobacco- manufacture, are expropriated by the Govern general suspension of business, by the substitution of the mingled pleasures and discomfort of picnics for the labours of store and shop, and by: generous attendance on athletic games and sport. Though the commemoration will be a manifestation of exuberant energy, and Young Canada will idulge in a colossal loy-pistol demonstration, there will be considerably less delirium than States. on Independence Day three days later in the

ment; and the buildings for use in the manu facture

tobacco, the land whereas they stand, and the tobacco-manufacturing tools, implements, and machines attached thereto may also be expropriated at the option of the Government. uitable indemnity is paid in such cases to the owners, thereof. The

PHENOMENON IN CHRONOLOGY.

FREIGHT MARKET,

Messrs. Lamke & Rogge write in their cir- cular of tat inst. as follows:-

During the fortnight under review the freight market has again presented a decidedly feeble attitude, les inquiries only having come forward. The, market at the close, disagreeably with general anticipation, is almost bare of orders, and what seemed highly improbable in face of articles for use in the manufacture or wrap- ping of tobaccs and the tools, implements,

the change in the situation, has after all takea --and machines actually used for the same pur-

place. Several boats, and amongst them such poses, which do ant come under either of the

ot small and medium size, have actually been above-mentioned cases, are booght by the On July 1, 1867, the Dominion included only compelled to lay up, bere and in neighbouring Government upon application of the owners the provinces of Ontario, Quebec, Nova Scotia, employment as would have a profit. Under poris, for want of employment, at least of such thereof. A manufacturer of tobacco who has and New Brunswick. in July, 1870, the pro- these circumstances the feeling in shipping not been appointed a wholesale dealer therent

vince of Manitoba was formed out of the vast circles in regard to further developments. in is entitled to receive upon application a sum of territory acquired from the Hudson's Bay Com-feights, as to when and to what extent a gene money equal to twenty per cent, of the average pany. In July, 1874, British Columbia entered rat turn for the better will be witnessed, is annual sales of tobacco from his manufactory the Confederation. In July, 1873, Prince Ed-beginning to be one of uncertainty, and in some during the years, 1907 and 1993. In no case,ward Island cast in its lot with the other por quarters even one of no little uneasiness. however, may this sum fall below yeu 500. lions of the Dominion, which now includes the The owner of any buildings and lad to be entire British possessions in North America to business from Saigon to this, the smallness No recovery whatsoever has set in with regard used for tobacco njanulauture which have not

foundland-with an area of 3.745.574 square being too wide apart, still having an adverse with the single exception of the island of New of stocks, and the ideas of buyers and sellers miles. It is a phenomenon in chronology ibat effect on chartering. For sama season the the month of July should thus be connected Saigon Philippines market is neglected. In with the anniversaries of all the provinces. aeither direction has there been a single inquiry traceable, and prospects for operations in the near future are anything but bright.

There has been a total absence of demand from Saigon to other ports.

been entirely expropriated or purchased by the

Government, is entitled to receive an addi- tional sum equal to one-sixth of the above mentioned amount. The new Tobacco-manu facture Monopoly Law came into force with respect to cigarettes in July, 1904, and with re- spect to cut tobacco in April last.

SHIPBUILDING AND REPAIRING

IN SINGAPORE.

PROPOSED COMPANIES' AMALGAMATION,

On Friday next the shareholders of Howarth Erskine & Co. and Riley Hargreaves, Ltd hold their respective extraordinary general meetings to decide upon the final formalities concerning the amalgamation of these two great industrial enterprisea That ainaigama: tion is strictly their own business, and the Straits Tinges neither favors nor ania- gonises the matter. It is, however, within the provinte of this paper to criticize the proposed combination from a public point of view and to conjecture as to what will be the effect thereof on the interesis of the colhay and the community. Riley Hargreaves and Co. and Howarth Erskine, Ltd., were both originally private concerns. Both firms deve- loped and prospered, thinks to the ability and energy of their managers.. "Within recent years they were both acquired by limited liability companies. Riley Hargreaves in 1899, and Howarth Erskine's in 1901 —the orignal owners retaining large interests in each company. The listed capital of the concerns to-day stands as follows:-

Riley Hargreaves Howarth Erskine

$ 875,000

1,200,000

Total $3,075,000

If we add to that amount, the sum of $291,000, which figures upon the banks of the respective concerns an reserve fand, we reach a gross total of $2, 6;,000 If we add to that, again, a rough estimate of $235,000, as profits since the Just accounts were rendered, we bring the total to $1,600,000. That is a large sum. Yet, if we go by the presently quoted market values of the stock in both concerns, we find that

the total reaches more than twice that figure; vis:-

Howarth Erskine

Riley Hargreaves

$1,240,000 $1,800,roo

Total $5,040,000

DEVELOPMENT GENERAL-WITH ONE

EXCEPTION.

In all departments except that of population Canada's development during the Confedera- tion period has been remarkable. While there has been a notable increase in the number of her people, from about 31 millions to nearly six millions, the total is still very small for her immense area and boundless resources, Canada's total increase in thirty-seven years has been only about one-half of the total. Im- migration into the United States during the last ten years. The wonderful fea are appears in the achievements of the people. In tB$7 Canada had only a little over 2,000 miles of rolway; with about too locomotives aud Boco cars of all kinds, transporting some 2,750,000 passengers ami 2,150,000 tons of freight. She now has about 19,000 miles of milway, with 2,500 lecomotives and 78,000 cars, which tran sport ora.coo passengers and 42,500,000 ton of freight.

.

COMMERCIAL.

Quotations for the week close as follows :— Hongkong Banks... ...$840.b. £87 National Banks

37 h. Union lapurances... China Trailers

Canton Insurances

Hongkong Fires...

**

H, & M. Steamboats

Indo-Chinas ...

Douglates

China Sugars...

Raubs

... 7 0 b. *71 5.

... 30 sa. & b. ...37 53.

27 5.

(1

414

96 s. 355.

2133.

6) b.

P

... 195 sa.

**

95 b. ... 1871 b.

Docks Kowloon Wharfs ... Ilongkew Wharfs... Hongkong Lands... Hongkong Hutels... Humphreys Estales ... 12 sa. & 5.

Famhams

Ewo Cottons... China Borneos.

Fenwicks

10.

Green Island Cemen's...

... 156 b. *.. 1389,

141

***

43 b.

ата

211 52.

the

Ита

29 ex. new is. 27 new issue

261 3.

WEEKLY SHARE REPORT.

"

Messrs. Benjamin, Kelly & Polts write ia their report of 7th inst.:➡

|

During the earl er part of the fastnight the fixture of a steamer was put through, to load at one pou N. C. Java for Hongkong, nt 31 cents per picul, dry and wet sugar. The revival of business in the direction, brought hout by a better market for sugar locally, has, however, been of but short duration, no further tonnage being wanted for the time,”

The only other trip business on record in the South comprises the fixture of a steamer to inad at Hongay-for Amoy, and another one for the voyage Touran to Swatow, details as per ap. pended list of settlements.

As for Yangtse freights, latest Northern re ports ventilate anything but hopeful views on the situation in respect of the next few months. There is and probably will be only a limited demand, and rates seem inclined to weaken yet further.

Newchwang-Early in the fortnight there was a 'spasmodic: rash of inquiry after small sized vessels to load for Southern ports 26 cents for Amoy, 27 cents for Swatow and 25 cents for Canton being quoted, price of produce, how- ever, experienced a rise again, the majority of orders were withdrawn.

Coal Freights. No fixture reported. The rate Moji to Hongkong now stands nominally at $1.35, at which figure tonnage is offering.

On time Frenchss. Kampot and German a.. Amoy are reported to have been taken up for 3/3 months and 6 months respectively for native account, the former being intended for South- ern, the latter for Northern trade Taking into consideration present market conditions, both vessels can boast a very fair rate.

Sail Freight-No change. Sail Toppage leading or to load-For Balti more and New York. British bark Lawhill, arrived 3rd June.".

Disengaged British ship Sierra Lucena, 1,261 tons British ship Tavancore, 2,200 tons (left May 31st for Port Angeles, but was towed back June 6th after having been aground in Harlem Bay).

Departures--British ship Diccan, 21st June, for Royal Roads. British bark Jordanhill, 27th June, for Newcastle. British ship Com litbank, 28th June, for Port Townsend. British |ship Scottish Hills, 29th June, for Manila. American ship A. G. Ropes, 30th June, for Baltimore and New York.

Londan-Bank T.T.

TO-DAY'S EXCHANGE. Selling.

Do demand...............................................1/10 9/16 Do. 4 months' sight...........2(10 11/16 Banks. A farther substantial rise in Hong;rance-Bank T.T.........

2.351 kong and Shanghai Banks has taken place and America-Bark T.T......... the market closes in demand at $840. The London quotation bas improved to 87, Na- tionals are steady at $37) (

Why this inflation? The only possible reason that can be offered in explanation is that it is expected that the amalgamated During the week, there has been a better companies will be over capitalised. Why, tone in the market and there is a fair inquiry again, should this ha. so? The only reason for many of the leading stocks, but until seems to be that, as anf outcome of this higher prices are offered, not much business amalgamation, we are to see a powerful trust, a can be expected. monopoly of the entire engineering business of the 'celony. That is the only explanation. Will such a monopoly prove an unmixed blessing to the Colony? The question is a debateable one. Everybody complained of the monopoly exercised by the Tanjong Pagar Dock Co, and that concern has now been acquired bought and have further buyers al $aza. China by the Government. It is more than probable Traders have changed hands to a large extent that the Government will decline to carry on re at $75 and $74 and are now offering at $73. gular work of the docks-ship building, ship ions are in request at 5700 after sales at repairing, etc.-through the commendable dis- $695 There is no business to report in other inclination of the British authorities generally stocks under this head. į to compete or interfere with private industrial enterprises. If this be so, it teams that-after the amalgamation-this community will be at the mercy of the united companies, and there. fare in a worse position than ever before. Of

Marine Insurances-Cantons have been

1

Fire, Insurances-Hongkong Fires have been placed at S3021. China Fires are on offer at $87.

Shipping. Hongkong, Canton and Macao Steamboats are obtainable at $27.?Indo-Chinas

keep steady and can be placed at 596. China and Manilas have dropped to $20, and Dogglas Steamships are in the market at $35 Star Ferrier are still offering at $55 and $77 for the old and new shares respectively. Shell Trans-

ermany-Bank T.T. vidia T.T. ).........ELI

..Do. demands Shanghai-Bank T.T. japan-Bank T.T. fava-Bank T.T.

"

Buying.

145t .1.92

IT seems that Capt. W, C. Ramsay, who lately fell out of a sampan, while crossing the river at Shanghai did not attempt to commit sui- cide. The affair was an accident pure and simple.

THE case in which Chau Shan, ex-shroff at the Magistracy, was charged with the embezzle- ively; and with falsifying a certain book, the property of the Government, on the 17th of March and the rotis of May, respectively, was resumed on Thursday, Mr. F. B. 1. Bowley, the Crown Salicilor, said that he had no evid. ence to adduce against the accused, and asked We are informed that His Excellency Siris Worship to discharge him. His Worship contributed a sum of two hundred dollars to Matthew Nathan, KC.M.C., has generously (to accused): You are discharged. the fund of the Tung Wah hospital for the year ending june, 1906.

THE Kiangong Catholic Mission has experien.ment of the sums of $500 and $15, respect ced a heavy Ins in the demise of the Rev. Father Augusti Colombel, S. J., who expired last week at Shanghai. He was for 37 years a missionary in China.

L

THERE were 70 deaths registered in the Colony during May. Of this number twenty were among the European and foreign com deaths and fevers for 98. munity. Chest affections accounted for 175

HE. THE Governor has given bis assent, in the name and on behalf of His Majesty the King, to the Ordinance to amend the Sugar Convention Ordinance, 1914, and to the Ordin ance to amend the Vagrancy Ordinance, 1897.

H. E. the Governor has given his assent, in the name and on behalf of the King to the Ordin- ance to facilitate the transfer of land in the

New Territories and for settling disputes in respect thereof and for other purposes.

THE number of feating mines between Dalny and Newchwang is becoming larger daily, They are. painted grey, black, or yellow, and are very difficult la detect even in fine weather, The southerly winds are blowing them back porth again.

THE German correspondent on the confiscated steamer Industrie, who was held to have been acting as a Russian spy, has been released on parola in view of the destruction of the Russian fest, on condition that he shall not enter any Japanese territory while the war lasts,

and wounded soldiers in the Japanese Military It is reported that the total number of sick Reserve Hospitals throughout the country is now 40,000, the Tokyo Hospital, the largest of all, having some 8,000. The number of in- valided troops was at one time nearly 60,000.

AT 3.30 pm on Thursday, the Governor, Sir Matthew Nathan, visited the Central Police Sta- tion, accompanied by his aide-de-camp, Captain Arbuthnot-Leslie, and his Private Secretary, Mr. R. A. B. Ponsonby, and the Hon. Mr. F. H. May, and inspected the Hongkong Police Forca.

TIN and oil discoveries have been made at Tawao, B. N. Bomeo. Mr. Robertson, the engineer of the Mining Syndicate, was to have visited the place recently. Mr. Robertson at present is engaged en the coal discovery at Timpangau and iron ore at Parak-parak, Perik Pioneer.

་

In the south of Formosa, about 1,500 houses) have been destroyed, while 1,000 others have been damaged and about 500 have been flood- ed. Over one hundred ships have been wreck ed off the Formosan coast; while a number of shipwrecks in great storm have also been reported from the Pescadores.

THE present system of Education of the navy' of Canton is not satisfactory and Viceroy Tsen Chun-bsuan has decided, pending the arrival of the new admiral in command of the Canton .......!40 || Squadron, admiral Li Chuo, to engage Japan- .1401 | ese naval instructors to educate the naval ....71 students.The Shenpao.

492

.....1/10,13/16

112|| A GRIMLY humorous paragraph appears in one of the Singapore papers in connection with the expropriation of Tanjong Pagar Docks by the months' sight L/C.

Government of the Straits Settlements. The months' sight L/C...........1/10/15/16 decks. formally came into possession of the 30 days sight San Francisco & New York 461. Government on the 30th ult, and this is how

do

47 the Singapore Free Press commemorates the 4:months' sight

rendes-Death" fant under the heading of "Domestic Occur At Singapore, on Friday, June 30th, 1905, of a-Vilent Beirure, the TANJONG PAGAR DOCK COMPANY, aged 40 years. Deeply regretted

Resigned unto the Heavenly Will......... The Board keeps on the business still,

30 days' sight Sydney and Melbourne 1/18 1/16 4 months' sight Francs

months sight months' sight Germany

2.40

56)

course it is for the shareholders to do what they like at the meeting on Friday; but the public has grave cause for feeling alarmed-in the pre- mises. Sach alarm is not to be based on any doubt as to the soundness of the properties. The proposed conditions of the amalgamation ports remain quiet at aaf-. - have not yet been published, and we are in the Refineries-China Sugars have further Bank of England rate m.........?} % dark shout them, but the present market quota- | weakened and sellere rule the market at Barg. | Sovereiga

4

Bar Silver ...............27 by Sirtowing Shareholders.

THE official notification appears in the Ganzite that His Majesty the King has been graciously Taylor Piggott, Chief Justice of the Supremte pleased to appoint His Honour Mr. Francis Court of Hongkong, to be a Knight Bachelor of the Imperial Service Order. The distinction conferred upon the Chief Justice follows the usual order of things in the official world, and Sir Francis Piggott will receive the hearty con- gratulations of the Bench and the Bar on the honour he has received,

Tux Ceylon Independent says that Mr. J. McC. Heyzer is arranging to take a team of Ceylon cricketers to the Straits in December; and that he is now in correspondence with friends in the Straits, the proposal being to play all the tates and also the team from Hongkong, which will be on a visit about that time. The tour, it is expected, will take up about a hunth. Mr. Heyzer is well-known in Kuala Lumpur, where he was about two years ago on the staff of the Victoria Institution.

A QUESTION of account was argued at the Supreme Court on Thursday before the Puisne Judge when Sin Tak Yau saed Lo Man Hin for $1,000 Mr. P. W. Goldring, of Messrs. Brutton, Hets and Goldring, stated, on behalf of the paintiff that the only matter to be tried was whether or at the money had been paid The defendant would produce a chiop book showing a receipt for the money, while plain tiff declared the amount was not paid. Mr. H. W. Looker, of Messrs. Deacon, Looker and Deacon, appeared for the defendunt, and plain- tiff was eventually non-suited, with costs.

WHILE Police Sergeant A. Ferret was on patrol duty in the harbour on Monday, he noticed some suspicious movements on board of a fishing boat, and on going alongside saw a man throw ing some packages overboard, Springing on

the boat he found a native, who proved to be the master, just about to throw a bundle over the side: On opening the bundle it was found to contain six sticks of dynamite, some detona tors, and some fuses. Further investigations brought to light six muskets. The master had no licences for any of the things, and when placed before Mr. G. N. Orme this morning he was fined $ico or two months for the unlawful possession of the dynamite, and $100 or two months for the unlawful possession of the muskets.

THE following returns of the average amount of Bank notes in circulation and of specie in reserve in Hongkong, during the month ended joth alt, as certified by the managers of The respective Banks, are published in the Garcité-

of

Average Specie Amount. in Reserve.

IT was mentioned in our columns some weeks since that Mr. Chan, Khans, of the 1. M. C. is thonly to issue an Anglo-Chinese Calendar, of two specimen pages of the publication We have now to acknowledge the receipt

for the current year. We understand that

the work covers a period, of 250, years, from 175 to 2030. It is printed in two colours and arranged on a plan intended to render reference as easy as possible. The want of a calendar of this kind extending over series of years and conveniently arranged for

a

ready reference has often been'sell; the present 'publication, it is believed, will be found to meet the need. The volume, which tuns into 500 royal quarto pages of dates, will be strongly bound in cloth with leather back, and will be scr bers addressing theories to Mars, betons supplied at a special subscription rate to sub- Customs Service, Holhow, Kiungchow, before the 1st October next. After that date the remain. ing copies, if any, will be placed on the market and the price will be raised. As the edition is limited, those wishing copies should not delay,

YESTERDAY afternoon H. E. the Governor, Six Matthew Nathan, was "at home" at his sam- mer residence, "Mountain Lodge," the Peak, when, notwithstanding the threatening weather a goodly number of visitors, about aço in all, called to pay their respects to flis Excellency. For about half an hour the lawas surrounding the Lodge presented a very gay and animated appearance, but then the rain storm'interfored and sent everybody hurrying into the house for shelter. The entertainment there took the form of a large tea-party in the reception rooms, only a few persons remain ing in the marquees which had beco erected on the lawa. The band of the West Kents, safely sheltered in a marquee, livened the pro- ceedings by playing a very choice selection of music during the afternoon. When the hour for departure came there was a great scramble for chairs, as several of the guests, deceived by the discharged theirs, and the telephone was set to fine appearance of the weather on arrival, had work to order up a relay of chairs from the depot at the terminus-This afternoon His Ex- cellency is "at home" again, but this time to his juvenile friends, and as all sorts of out-door. amusements, in the way of games, races for prizes, etc., have been prepared for their enter- tainment, it is fortunate the weather has turned out to fine.

In these days when picture postcards and illustrated souvenirs of well-known cities are all the rage, it is satisfactory to note that the enterprising spirits of Hongkong are not at all inclined to lag, belund the times. ... In this re- spect Messrs. A Chee & Co. have proved that they are prepared to meet the popular demand, by issuing a beautifully illustrated "Souvenir of Hongkong," a pictorial letter-card case, and a series of picture post cards which ate anique in their way. We have received samples of these productions from Messrs. A Chee & Co. and it is tho figure of speech to say that they surpass anything that has been seen in this line in Hongkong, The "Souvenir of Hongkong," is a dainty and most artistic brochure, containing 21 photographs, each of which is a character sketch of Hong- kong's life and environment. The photographs are remarkably clear and distinct, and to thos who know nothing of life in the East they should come as a revelation. Even the peo ple of Hongkong, whose eyes are satiated by the numerous and unending beauties of the Colony will realise once again the many pic. turesque features which surround them." As a present and as a keepsake the "Souvenir” takes first place. Then there is the letter card- $3,200,500 $3,200,000 case, which is a new idea in Hongkong. With- in the covers of what is practically a return post-card, there sic eight photographs of xecnés in Hongkong. The pictorial letter card,” as it 10,000,000 is called, passes through the post at the same

rate as a letter. With regardto the picture port 70,000 cards, Messi A. Chee & Co, have an Ipmenta and catirely new stock of cards giving views of Total,......$17,688,746 $tx,270,000 Hongkong, Canton, Macao and the West River, The pictures of Macao are particularly dno, and should be in great demand.” Those novelties are TONY Robertson, living in Hollywood Road, worth seeing, if only to realise the strides that was sued by a houseboy in the Summary Jaris are being made in photographic work, All are diction Court on Friday-His Honour Mr. Awall-printed, the Souvenir" and letter cars G. Wise, Puisne Judge, on the bench. The which are productions of the famous firm of houseboy claimed $17.90, made up of $15 for photo-engravers, Messrs. Hood & Co., Lu, Middlesbrough, being works of art from covar wages and the remainder for sampan hire and petroleum. The defence was that the boy was to cover. The Souvenir-issold at 75 cents new to the work, and that he had really been each, the letter cards are 10 cents each, while engaged to collect money. She gave him an the picture post cards are ridiculously cheap er at some other time; she wanted the boy to tions for wholesale quantities of these articles advance of $5 and promised to pay its remaind at five and seven cents each. Special quota. remain in her service because he knew the may be obtained from Messrs. A. Chee & offices where he had to collect the mosey, Hi Co who may be congratulated on their as if he were worth $15 a month. Judgment of Canton and Macao are to be published in Lordship said the boy certainly did not look enterprise. We understand that Souvenirs was given for the plaintiff $380 for wages the course of a week or so, and as they are to and 25 cents for sampan hire, etc., total $4.55 be priced at jo cents each the demand should and coste

be great.

Banks, Chartered Bank

India, Australia and China,

OH Hongkong and Shang- hai Banking Cor- poration,.......... 14,355,157

of National Bank

China, Limited,..... 113,089