1905-09-30 — Page 11

THE HONGKONG TELEGRAPH SATURDAY, SEPTEMBER 30 1905.

OUR MINERAL RESOURCES, DOUGLAS STEAMSHIP CO., LD. | Will the general managers consider such-x

THE NEW TERRITORIES. PROSPECTIVE DEVELOPMENT.

23rd

Close upon twenty-five years ago a party of Chloess went over to Tai Yu-shap, on the island of Lantao, taking with them a little They soon satisfied themselves that there was

ANNUAL MEETING. »

SALE OF COMPANY SUGGESTED,

ayrd inst The twenty-second annual meeting of share holders in the Douglas Steamship Co. Ltd., was held at the offices of the company at noon to-day, when there were present Mr. H. P. Hon. Mr. R. Shewan, Hon, Mr. C. W. Dickson

committee), Messrs. W. Farlaner. 2.

proposal, or, will they, endeavour, to soygest any other scheme to promote the interest of the shareholders 7

order,

Mi.

Mr. Hough, 1 rise to a point of Chairman

Mt. Perry ––1 am referring to the report and

Perrym accounts.

Mr. Hough, We are called here to pass the

leport and accounts.

Mr., Perry,Fxcuse me, I am making 16 marks on the accounts as published

Mr. Hough, I think Mr. Perry has got vetyr

"FANCY SALE

AT THE ITALIAN CONVENT.

***25th inst This afternoon the sale advertised to take place, at the Italian Convent, 48, Caine Road,

mmenced at two o'clock and, should any of the work be laft," will be continued to-asormow and on Wednesday at the same hour. All the articles, with the exception of a few toys, sre entirely the work of the girls of the Couvent, under the excellent training and

supervision of

THE JAPANESE AND TIMPEACH.

ONE TERMS,

WHY THE CHURCHES WERE ATTACKED.

· RESIGNATIONE OF HOME SECRETARY AND CHIEF OF POLICE.

The following is from the Kobe Herald of

message received fra Osaka this after

"SIR HENKY BLAKE,

It is with mingled feelings that we say good. Lys en for a short time to Sir Henry Blake") our Governor, who leaves us to-night for a short while owing to a domestle bereavement, la which Sir Henry hos the beartfelt' sympathy. of all classes of

the community in this leland, It is hardly necessary to review in datall the Iministration of Sir Henry Blake, which" merely suffering an interruption from a private use. Sir Henry Blake came from Hongkong

[11 Ceylon, arriving in this Colaby on 3rd Dec

"powder to blast away the surface of some rock White (chairman and Mr. A. G. Wood (con wide of the mark. We are having a screed } thin Sisters, and textify to the remarkable palos. 7. Gon, mates that the great'masa meeting of re- 103. If there was any: prejudica associated Fore hidden beneath the hills, and having foundauðam, J. A. Tarrant T. F. Hough, W, H, l'inflicted upon us. passing remarki Mr.Baking care bestowed uppa them. The material, presentatives of various parts of Japan, of which with his name that prejudice bas long ago been

the owners of the island arranged to lease, this Potts, E. W. Mitchell, J. R. Michael, S. H portion at a rent of $2,000 a year. Permission to work a mine was obtained from the provincial Michael, 1. S. Parry, M. H. Michael, C. D.

Chairman, on the accounts.

Mr." Perry.—1. am The Chairman.Well, keep to the accounts,

government of Capton, and on the advice of Wilkinson, J. A. Jupp, McIntosh, Chun Sue Funker than the; report and accounts you can bly with the choicest specimena of laces and 507 that City this morning. There was an enor

Professor Milne, who pointed out that they had the advantage of water there and could work a mine very economically, and that if the lode was continuous it would be a paying concern, they determined to float a company, and I one started with a 'capital of $10,000, soon had smelling works, at Tai Yuthan, the ruins of which can be seen to day by those who go over to Lantao and anchor in M

SILYER- MINE BAY,

and others,

not go.

nazouncement has already been made in these columns, was held in the Nakanoshima Park nous gathering, the Park being entirely filled, The proceedings opened at noon on the firing nanimously carried"The disgraceful terms.

peace should be quashed, and

and the cabinet

Mr. Adachi,

dismissed at a calumny coined by a few uropeans of peculiar temperament, whose ens unfortunately is not confined to any one if His Majesty's Colonies, Sir Henry, Blake came with a distinguished record as a colonial Ceylon Sir Henry was a pronounced pro- Antive. Whatever was vonal in A Governor

work of girl, whose ages range from: four thould reign of of the Tokio Metropolitan/10 1903 became magnified into one of this

This was the first step towards the erection of read. The result of the year's actual working, report and accounts. I have nearly finished ; | that given so patently by theisters them-Poilea Office, has resigned his position on AC of Ceylon has since repented in sackcloth and

Mr.

7

The notice convening the meeting having The Chauman said-Gentlemen, the report been read by the Secretary (Mr..W. Parfit), and accounts having been in your hands some

will with I days

your permission take them as bile showing an improvement on the previous year, is not so good as we had hoped for, but at the same time it should be pointed out that the profits on the working of the steamers are almost entirely derived from the requist coast trade of, the company there having been no quile a mile from the san, is approached | government, or special chartere during the BURR meeting bat 1 offer it as through a beautiful valley running away from period under review. Reference has been made that an extraordinary meeting be called for out with this work must appear accepted after the forthcoming conference of stongkong," si Henry Blake early impressed.

In the report to the sale of the Thales and | discussing a question of vital importance such" ides the childrens' frocks and underlinen, are Capital. Those who have ventured' for our present trade,' and as their running ex- |.noïder a chance to express their views on the file hudte to lea gowns, collar and dressing on the oth and decided to make efforts to Gil was bath difficult and delicate. "Following:

The mine, which is on the face of a hill not

the

tised are most dainty, and delicate and the workmanship'excellent, comparing most favour. embroidery coming out of Europe, er even China Mr. Hough-But we should not have any

And

Japan, the home of this sort of I inflicted upon us about which we know work. This result is the more remarkable when sigant gua.... The following resolution 'was Administrator: "According to tha: Timer of

we mention that the articles now on sale are the the ile should have gives notice. Mr. Perry.-I am parsing remarks on the to fourteen, and whose only training has been

selves. Among many beautiful specimens have only line more, and that is all.

of work are to be teen childrens frocks Parry-

was just going to say on which the delicate lace furnishings are The Chairman-Go on, that I should be ruled out of order were

incredible as it

the work of such to bring forward a motion to the effect truly of spiderowab well, which, almost rooms in the Convent small hands. The meriting prompt consideration,

veritable Paradise to the gentler sex, for as my proposal involves and give the share all kinds of articles for ladies, from robes matter. Before sitting down I may paint out, trimmings and embroideries, quantities that holding as 1 da & large number of shares, I feel I have some justification in givingful serufelles, doyleye and centre-pieces, while

handsome cut

bions, cha

chair:barks, footstool public utterance to seme of my views.

The Chairman-I am very pleased to have covers, and slippers are very much in evidence There too are most elaborate suits of pyjamas heard what you said, Mr. Periy, but you are for the sterner sex made up with white silk eme wiDag on some points. You say we have no hroideries, alinosi toa dainty for the purposes opposition. Weshave had a very strenuous for which they are intended. But what strikes opposition the whole time with the chartered one an even more remarkable than the beauty steamer an equal opposition to the Japanese and taste of the numerous articles displayed is owned steamers, who cut rates and take cargoes the extremely low figure at which they are priced

are an equal opposition against

i

laid

be

We were fariunale in having funds available. 1:30 We have the same number of steamers the patronage of the public we, may mention

81%

against us the whole time.

Mr. Perry-They charter foreign owned steamers and have to pay for them.

To show how much this institution deserves that in the Italian, Convent at this time are some five hundred women and children, all of whom have to be housed, clothed and fed, az

far

even the women are taught. work of various

1905 7he Timer greatest virtues in segistid count of his failure to prevent the recent dis ashes and the natives who were libelled, have turbances. He has been succeeded by Mr.

Plow bear very littla their detractor. VA** | of

tractor. Today, we count Yoshikawa, Home. Minister, has also about the racial tendencies of our rulers.

The "eki, Governor of Nagano Prefecture: Vis iesponded by heaping coals of fire on the head naked to be allowed to resign for the same

was found not id reason." It is said that his resignation will be

(and all we can with 1 pay. that the same enligindament would spread to thefactural Governors has been held at the

The communities of this Island with hid The Tokio Lawyers' Association held a meet-thfulness. The role he was called

character,

his straightforwardness; and his upon to secure the placing of the Takio police under brilliant and, versatile a Governor an Sir the direct control of the Governor of Tokia. West Ridgeway was no easy matter. Though A number of leading inhabitants of Tokioften crippled for resources, and openly criti- intend to appeal to the authorities to grant an umpesty to the men arrested in conarction with the recent disturbances. They are also asking that the wearing of swords by the police shall

be abandoned.

ised as being more urdamental than useful and though it was openly stated that his bands were tied by Downing Street not a ward of complaint escaped the lips of Sir Henry Blake. Reformers were disappointed, and reforms. The Tokio police have arrested over 1,650 postponed while Sir Henry quietly appiled him persons since the commencement of the discurself to making an independent study of the bances. It is said, however, that the majority Colony's resources and chief wants. During of these will be discharged by, the Court. Daly the time H. E. has been in Ceylon ha hu those persons will be punished whose offences avelled' much, in fact more than any of his. are too serious and clearly proved to be over predecessors, for his administration has syn tooked.

chrobised with the advent of the motor car, The publication of both the Osaka uendering it possible for the Governor to travel The suspension of the publication of the places previously regarded as inaccessible. For one thing Sir Henry Blake'cannol 100 Porodau, Nireku, Misyako, Nippon, and highly praiseds His speeches and addressos min was removed yesterday,

have always been characterised by transparent sincerity and straightforwardness. He bas

The Chairman-It does not matter what they well as taugblits by the good Sisters This and the Tokio drakt has been suspended.

are they are losing money.

Mr. Perry-You are also losing money. What proft did you make Mr. Chairman?'

a mandy abore now transformed into a western aeaside resort for visitors and pleasure-seeking aloong. Both these steamers were too small picnic parties. into the dark and damp levels and disturbed the penses were but little less than those of a haunt of thousands of bas fitting noiselessly steamer of almost double capacity, they had beneath a dripping roof, can form some idea crased to be remunerative. for some target of the working of the powerful arm of industry The question of a new sleamer.

of larger which some two decades ago transformed this capac of beautiful spot into a hive bustling activity, orarily to replace those sold, has been tem shelved, but will be brought forward. The mining industry in Chin, worked under when the outlook far shipping in the East is European supervision and with sachinery, was mre propitious. Competition with the sub. then in its infancy, and there were many diffis Sized Japanese line still continues, but at the culties to contend with. At this particular present time the remaining steamers of the a good deal of sickness and at Douglas Company are earning fair freights. mine there was n times things were at a very low ebb in copie.

11: of the workinen refusing to go to their at a time when money was in good demand, quence work and the Europeans engaged being un and you will learn from the accoun's that able to do so in consequence of 1-health. But

the company has now a considerable sum out on mortgage which bears an average progress was made and the melting works

rate of interest of nearly · per annum, got into thorough working order. The extent

The income under this heading will show A of the operations can be gathered from the

Is the average number for which they are res- following description :-

considerable increase in the next year's ac- counts, and we are hopeful that at the next

ponsible. In this community within walls are THE SMELTING WORKS.

in he found maimed, lame, halt, blind, deformed, From the mines to the shure where general meeting we thall be able to show a

insane, and helpless females of all aves, the the works were located the ore was taken better result on the year's working generally.

majority of whom are orphans Standing in a In the circumstances the general managers and

corridor one seek rows of girik, seated with the in buckels running on an endicare cut in a consulting commitee, after due to which

pillows on which the bobbins hang belure while the crushing process was carried out

virtually absorbs the whole of the actual profit on entirely made of galvanised iron,

take A filly.

form and shape, and another horse power engine and bailer gave motion to the year's working. In carry $79.618.79 to credit

And write

to

off 8%

from

few inches of delicate lace is the ra suit. Some of these girls are, but little A stone-breaker, three pairs of crushing rollers, of the reserve fund,

company'

(less the properties eightfiggers and two buddles, being placed on the the value of the cou top

and proudly hold up their bandiwork for. less bear in mind that there was little or nothing written off last year. Before moving the adop

Mr. Perry-Excuse me. $38,000, of the report and accounts I shall be

The Chairman part from that we have are refuged admission here, and thus are to be delight at a word of commendation. None pleased to answer any questions that the share-

got rid of two holders may wish to put

were certainly not paying steamers, every nationality, and thus the responsibility We have now three leamers which are to an ever-increasing burden on the shoulders varning fair selurns, I think, and I believe of the hard working, though ever patient and recorded.

said in report that, at the next mezi

gentle Sisters, the months' end oft-times finding t in a difficulty to make ends meet, And now comes an opportunity for the charitably inclined to flock to the Convent not only le

the work offered for sale, bui purchase place orders with the Sisters for their house hold requirements; for, they are ready to under-

With regard to the destruction of Christian churches on Wednesday night, the Japan Times states that it seems to have originated in a speech delivered at Asakusa Park by a cer vised his audience not to participate in the rasli conduct of the multitude. The speech srouted the excitement of the populace, who at once rushed off to the Salvation Army's quarters

t

bo

large building the roof and walls of which were have.decided to declare a dividend of 7% which earnings every time. You get the interest on them, even as one looks ond sees the/ faiu Captain of the Salvation Army, who ad-into a virtue, the necerity of so frequently

The Chairman.-We are not losing money. Mr. Perry. What profit did you make? The Chairman.-We made some prost. All nur dividends, you say, are paid out of profits of steamers; they are not paid out of the actual mortgage that is part of capital. We can always get that.

Str. Perry-I know we can, but I want to of the steamers,

And

phrases,

Roor: while in the low.. part of the works amount of the reserve fund). You will doubt. know what profit you made out of the earnings more than bables; yet they can do their share, at Kuralunecho, which belonged to in Cap. | complished speakers in the Empire there whe

tion

The Chairman.-$50,000.

the inspection of visitòrs, while smiling, their thin, and smashed and burned the promises compensating us for what we had lost-there

of the

her raised expectations one day and falsified them the rest. Hanything, His Excellency bas heen a trifle uver cundid and hai taiber elevated disappointing his audience. In

comparing Sir West Ridgeway with Sir Henry Blake while we missed the brillianty, the falling the rounded periods of cas of the most ac something which went a long way towards

seasoned and rendered palatable by the salt of was the ring of sincerity, the blank refusal Irish humour. Sir Henry Blake has never spared himself in his honest endeavours to gat at the truth of the many complex problems which present themselves daily for the Governor's solution. The Governor bas also proved too experienced an administrator to be satisfied altogether and on all occasions. Yesterday (Thursday) Tokio seemed to be

with the explanations of officials, Sir Henry under the grip of the sitong hands of the milit-Blake has preferred in same things to make ary. Armed soldiers patrolled the streets, and inquiries himsell, It is well-known that he

Mr. J. S. Perry-Mr Chairman: 1 should like Joong, which steamers, the Thules and Hal: ) found within the building orphans of nearly the furniture to the niiddle of the street, where

were a thirty-horsepower boiler which set in motion a twelve-horse power engine driving four fruevanners, a six-horse- -power engine working a lift to the tep of the mill, a 3,000 feet long wire rope tramway to the mines, and another six-horse

power

engine for driving the blasts

to know what prafit the company has made of the furnaces, In the furnace house, were

during the past year on the chartered steamer, eight furnaces of vanjous types, all

kimmia Luyken. condenser to a chim-

The Chairman there is no use in giving in. nected by dues and a

the hillside nay sixty-feet high, standing on

There formation away to our competitors, A About a hundred feet have their level.

is nothing ained by it. motor was driven by water from a

one

bych main, of iron pipes 2,000 fe<t up i

the mountain side where a damn for collecting the,water had been constructed. These were the works which a Visitor to Tai Yu-shan Silver Mine ay Monte would have found

AS

ing, we shall be able to show a better result.

My Perry an afraid, Mr. Chairman, that that is a question.

The Chairman don't know,

1. R. Michael-Mr. Chairman, is there MR.

chance ม fimproving our position by dem ing to terms with the Japanese?

any.

them

我罪

The rinters, who had no idea Komagatacho Church, Asakusa, and brought of seçis; then smashed the interior of the

it was burned. Subsequently other Churches altacked and destroyed, as already The Japan Times gives the following picture of the spectacle presented by the Capital after the proclamation of martial law

were

have for the two days been the objects of

pasi

and

intricate

The Chairman--Mr. Яichael, I am tired of take, at short notice, all kinds of work, personal cordon of bayonets gunned the houses that entertains views on the headm n question Afteen years ago. The soft hand of Nature has way information to our opponents; nothing i have tried and tried again and again. † taste and finish, at prices but little more than working under the shelter of the soldiery.

Mr. Parry, Did you make any loss? The Chairman.--1 have given my answer, Mr. Perry. It has never bean customary t Aay whether any particular steamer is making a profit of not. Besides there is no use giving can be gained by doing so, We have been asked now laid her cloak of green around the

say one steamer remains, the walls have long since crumbled the question before. If we

has made a certain profit we give the informa- away, and only the pement d #or

tion away to our eppodents. observed near the beach where it serves the

Mr. Perry-Well, Mr. Chairman, I am glad to pearants, from the dwellings close by, as a dry.

be able to make a few remarks and draw the ing ground for rice and fish, the neigh attention of the general managers and consult. bouring billside stands the chimney, ceeing committee to the following facts in relation manding an excellent view of the entrance to the mine, with tons of excavated earth banked to the reports and accounts whose adoption we are called upon to pass today. Analysing up from the running stream some fifty feet

the amount of profits of $196,100.55 a showD below.

in the account, find that it is made up of the following items -

PROPOSED REOPENING"

;

BY HONGKONG CAPITALISTS.

ACTOVE TO

•

$125,000.00 difference between book value and sile

price of us. Thalet koji sin. Hatloong. $31.41. Interest on the Co.'s loverments.

#tor profit on running the stemmera

and on coal. $1,783.05 less remuneration to genees)

managers and older charge."

>

balance 38,611.84

106,100.31

There is no piuspect at ull." You know it half the of disposing"

or domestic, and this they do with exquisite market rates. Aside from the of the articles now offered or pote, he ister fare cher out to

sale, vive, and chat is to let the visitors set forthem undertake,, as well as the girls qui able to

solves specimens of the work they are

Japanese. They say they will communicate with Tokin, but they never du, and you hear nothing more. There is no prospect at aff have been in cominunication with them time after time.

Teere being no further questions the Chair, inan moved the adoption of the report and acspection to the Convent will suffice, to con-

Mr. C. D. Wilkinson seconded, "

coume..

work before them. Half an hour's visit of .in- vince ono and all that this institution. In deiers. who are able to extend it. We may mention that if any goods are left on Wednesday, they will be raffled for.

the station.

the

,which are at direct variance, with those held by the popular demonstrations. The police. were some of his most experienced advisers. Those viawi are not thrust forward but occasion fre. people

quenily crop up showing that H.. right. and bis advisers wrong. Sir Henry Blake's

achievement so far has

been attention and the Influenital upport which he has secured for the subjact of Agricultural Reform, than which no more widespread

important question could occupy public at tention, The establishment of the Agricul

ural Society, with its amifications extending. achievement, but a greater achievement in the manner in which the earlier interest 'and' enthusiasm have been maintained, and we shall not be far wrong in attributing this to the magnetic personality of Sir Henry Blake.

The city was quiet. A few hundred assembled at the Mitsu Bishi grou ds near the N.V.K. building, but they were dispersed by the police and troops, and thrise who showed any reluctance to leave were we showed Toward he evening, rains began to fall. The people who had been hanging about ibiya Fark sought sheher in the park. But the the furniture having been damaged the previous night during the turmoil occasioned by the The bandstand was burning of the traincare. occupied by the officers of the garrison troops:

The motion was put to the meeting and cai-ing of a full measure of public support from all Sankyo-tei teahouse had clised its doors, to the fankest confines al Ceylon, was a great ·

ed

CONSULTING COMMITTE.

&

Me Jupp proposed that the Hon. Mr. C. W. Dickson, the Hon. Mr. R. Shewan, Mr. C. H.

Thomson and Mr. A. G. Wood be re-dected to | JAPANIS FINANCIAR POSITION Most of the people therefore went hop their The reform of the Police Force is another talk

the consulting commitee.

Mr. Mitchell seconded, and the proposition was agreed to.

AUDITORS.

Mfr. Perry proposed that Messrs. W. H. Potts' and A. R. I owe be reflected auditors.

Vr Honghevorded, and the mailon was The Chaliman.-That conclude, the busi ress, gentlemen, I thank you for your men

All the

trainway companies suspended traffic dusing the evening, and the electric lights on the different lines were not lit, except in the vicinity of the park. For fear of attack, the people did not venture forth. All the their doors, and even the shopkeepers retired early. The city was not only quiet bui desert- ed, except by the soldiers and police.

the only demonstration that occurred took

if considerable magnitude from which H..B. has not shrunk. It is too early yet to speak of the results of the scheme which under

the indemnity was the very essence of the teŭties, yose houses, and ten houses closed but these two maltara alone prove that H. R

C. C. Longden is only just being put into force, the Governor has had the strength to break.. out into new channels, that he has the courage of his convictions and that the dominant motive animating H. E. is to secure lasting ben

be a fairly good year (one belter than the france. I hope that at the next meeting 1shall reached 1,300 million yen, af which 480 million are at the K Jimachi ) olien Stul on. Some benefits to the masses of the propia of thi

normal) as the past one and with a free field without any keen upposition from our com petitors the Japanese (as the latter were obliged to charter foreign steamers al ver, high prices to take the place of their steamers which were employed by the Japanese Government as transports), our

able to give you a better report, dividend warrants will be ready on Monday,

The proceedings then terminated.

The

"

AUSTRALIA AND HONGKONG.

30 men armed with drawn swords and clubs stacked the station, but were instantly dis pered by the policemen there.

His Majesty the Emperor has received con- 300gratulations on the corclusion of peace from the monarchs of Great Britain, Germany, Belgium, Italy, China, Holland, Austria, and Sweden, and the Presidents of France and the United States, His Majesty has cabled his thanks in each instance.

H. E.'s singlences of purpose, his ins tense conscientiousness and devotion to duty country. are fully recognised and are repaid in the fullest measure by the gratitude of all classes of the comniunity. We wish H. H. Sir Henry Blake bon voyage and a safe and speedy return to the Colony be has ruled to wisely and well -Ceylon Independent.

SEVENTY-ONE LIVES LOST

And now, after the lapse of many years, the question of recommencing mining opera.

A PROBLEM FOR THE GOVERNMENT. tion has been brought forward, and we have good authority for stating that a number of in- quential business gentlemen in Hongkong

A vernacular contemporary, observing that It will readily be seen from the foregoing contemplate associating with this object in view. As most of the shafts are flooded it particularized items that out of the large sum

paace terms proposed by Japan, says the loss of this will involve the Government in great be necessary ·

pumping of profits, vis, $196,100.55 as shown in the for poi Yu-sban, accoun', only the sum of $38,61884 is the carried. Taken gear to be

The total amount of financial difficulties. and this we understand is about to be done actual return derived from the running of the by those interested in the enterprise. There Co's fleet. Thus, with what was supposed to

bonds issued in connection with the war has is no doubt, of course, that the mineral resources

ven represent domestic bonds and 820 million of Southern China are inexhaustible, and with

the foreign bonds. As long as these bonds capital, patience and good management could

sand unredeemed the Government will have be worked easily and made to pay handsome

to pay annual interest amounting to about ly, owing to the fact that most of the ores are

Y50,000,000. The national debt of Japan stood to be seen cropping out at the surface, and

at 569,473.800 at the end of 1902, the interest mors espacially as labour cheap and can be

thereon amounting to Y25,551,394 annually, arts), our actual return from the working

but when the recently incurred debt is added, got as the spot. The levels and wizzes at Ta

of the steamers amounted only to the sum of

EFFECT OF THE BOYCOTT. Yul Shan were driven in over 2,000 feet and

represented by the new bond issuer, the pumps were fixed by the old company to $38,618.84 This net outturn represents

tutal national debt will amount to About enable sinking operations to be carried 4.41 per cent, on the value of $875,000 of the One effect of the Chinese boycost of Ameri. 1,840 million yen in round figures and the below water level. According to the mining steamers With this fac before us, it must be

can goods it the attention being given to

due thereon will reach annually interest During the past fow engineer who superintended the former mining admitted that the company's position is any: Australian produce.

to about Y93,700,000 representing ainion on operations there is a large quantity of ore thing but a satisfactory one: at

weeks, says the Sydney Telteraph. Chinese half, of the entire national revenue before to be found, and although when work earning powers have been so materially im merchants in New South Wales and Victoria the war. Provision made for the redemption was first commenced Chinese officials placed paired that, as an enterprise, its

ability to

have been placing large orders for four for

of the old boods, but there is yet no arrange- e new bands. many obstacles in the way of succes-such as acquire for shareholders remunerative divid shipment to Hongkong. There are, however, ment made for the redemption of the

of immediate fulfilment payment of grlax of tan per cant on the fondo, in fairly on the road to extinction. Te dicution in the way fact that most of] Domestic bonds issued. In connection with the

and the placing Ignorant "men, to pay dividends out of profit, accrued from sales of these orders, owing to the them the inducement offered in the of steamers and interest on mortgages, elc is our flouri pat up in acolb, bags, What the opening up of the district were considered taking us rather beyond the line and scope of Chiness merchants require is that it should be most favourable. All around the mines then the business for which the company was put up in golb. sacks, and in order to comply wide expanse of fertile country under originally constituted. Res des, profits from with this demand millers have to manufacture covered sestiing at the font of wall-wooded and cannot be expected every year and should supplies already an hand. The merchants see mountains and on the banks of streams. The no: be fallen back upon for dividends. What in this delay a possibility of losing the market, as there is no knowing how long the boycott whole district is interacciel by numerous most seriously engages our attention now is waterways, and thane should prove

rave invaluable the question whether or not the Company's will last, and there is also the

with

of other to the promoters of this enterprise,

now

first. getting recognised, but aming pracy under insedine resumpiten of competitor by our Chinese merchants if there is jaking, and lapot a very safe investnɛent,.yelif indef.tigable rivals-the Japaneis-can make bilky 'of merchants giving a guaranice that paper, some 600 million yan bears the come and the matter was shelved for the duration of that was the cause of the loss of 75 LED fire. at Tai Yu-aban, where the first crushing plant may remark in pasting that should the company Roth Melbourne and Sydney Chisose bare for 320 million yen redeemable in six years peace is in sight, the question of these that you owned by the Jaluit Company was car

the

rite its

ultivation, and villages and hamlets are dis- salas of steamers are a remote contingency fresh supplies, as it would not pay to re-being,erest of 6 per cent, and these bonds

Satisfactory report is forthcoming there should

·ORE ON THE MAINLAND.,

* possi

The inhabitants of Niigata have compelled the brunch office, of the Kokumin to close, They have also decided to refuse to accept the copies of the Kokumin which are being sent there free of charge.

however,

IN THE MARSHALL ISLANDS HURRICANE

Seventy-one lives were last at Jalult in the bi, burricane which swept over the Marshall Group. This news was contained in a letter which rece ily reached Sydney,

the amount accrued from steamers! working being arranged for. That this demand is cludes the journal, in the enormous amount of } it "is falready being demporary learn that copra store built at the end of the

WAVO

FOREIGN FROOFS IN CHINA. was which amount 10 480 million yen, must

Referring to the result of the peace negotia- tions, the China Times remaks that now peace

The storm is described by a correspondent as which is now by no means practicable, so that be redeemed in seven years: from this date, the Government will have to insue other is assured more may be expected to be heard being of terrific fury, houses being demoilsbed domestic or foreign ba nds to replace the exist of a project the carrying out of which has for like so much brown paper trees uprooted, and some time been under discussion-the with native villages and plantations wrecked. It was issues. Of these 2.0 million yen bear the

Arawal of the foreign troops from North China. at 2 pm, on June 30 that the storm first made must be redeemed soon. Under the clicum. It is understood that this step which the its appearance, and by. 5 o'clock the same day, Italian Government took recently, and the the island was the centre of the disturbance. stances it will be found necessary to issus

*mericans and Russians till earlier has Whilst the storm was at his height, a tidal boade year after year for the Government to pay its way.

long been

contemplation by the different wave of high swept over the Island with all

the force of an avalanche, and Of the foreign bonds, continues the japanese foreign Governments, but she was intervened; y teck and ruin is ita wake, It was

nothing but

its 10 pay the shareholders adequate the standard bag could be furnished with.

with paratively low interest of 4 per cent; These the war, in view of any sudden comingencies

that might have arisen, Now. be no reason why the re-aresing of the mines, dividends on the assets of the company. 1 out delay they would purchase largely pre redeemable in 20 years, but there are others

and all the foaling plant, ried clean away gradual and furnaces in China formerly existed, should make it a rule of writing off eight per cent, already shipped larve, quantities of flour and these bear interest at 6 per cent. What is reduction of the garrisons bae again become except one light lighter, disappeared. The not turn out to be a profitable undertaking,

from the steamers' value it would be found that to Hongkong, and other shipments are now astonishing in regard to the foreign beads, con a practical one. Fur

And that before taining 70 tons of copra, was washed away, the folly, con. pure and simple will not suffice to provide the having an effect on the price of four la the

interest thereon, totalling 40 million yen an-long a peginning will be made. The idea is and its contents lost. The hotel me: Jaluit wit slao washed away, Another big store waY UR- wherewithal for this prudent and advisable local market is shown by the fact that one nually.-Japan Chronicle.

that a gradual return shall be made to the

100fad, between 700 and 800 tons of copra being existing before 1000 ie that by position policy. At present the assets of the company Chiness merchant who purchased a quanlity

left exposed to the heavy rain which followed In cash and steamers, etc. amount to about of four for shipment last Friday endeavoured to

the storm. The only places left standing were $1,400,000 and yet the shares are quoted at secure another go tons on Monday, when A LETTER received by Mr. James Ware from degrees the foreign troops shall be withdrawn,

more his Taungming helpers, says that more than Legation Guards at Peking. This applies not Jalult Company's store and portion of the

leaving few if any, solders besides the normal

this Governor's residence and office, part of the Ballklic value, visu, 2000 shy this disparity The Young Co-operative Flour Mills is abe 3,000 houses were, swept away between Coc. only to the British but to all the foreign troops, Tarist Misalog House, Some yo of the real-

per the seller demanded 51 per ton that oft enough beard question. It is simply basily engaged in fulfilling orders for shipment cheng and Lubyss, on the south east of the with the possible exception of the Japanese, because the company has proved itself, for a te Hongkong, an

and as

unable to main island, in the 'recent

recent typhoon, number of years past, incapable of earning accept further orders... Chloese merchants are too persons were drowned. The water rose

whom the Emperor of dividende commensurate with the capital at lie so making inquiries with a view to making some tan feat above high-water lavel, and the CAPTAIN Bougouin, disponat, 2724 prospect, is bighat boysan

The Jullan" Wilkinson, R.,, who took the

to five feet of and it requires no power

the company Young

from 20,000 10 30 000 through Saigon early this month on his return anchors down, commission, has just been appointed by the

ke, and persons baya

of the Foreign Christian Costrier Sulkianale reporter, who found him. 11,30 at night, and the weather then riduril by the such as to foredoom it to extinguishment much shown over premises by manager

greatly dispirited a Mission

god cast down. He, how moderated. The hurricane was falti ATA Among the number, The sooner than it should, ba.plassant to contem: Henderson, and received lot of valuable in, amciate istay dodeavouring, 19, grise every aid that a dead set had been at him of anlybbouring islands off hop ind

statistics of the losses, and if it stated the vilest kind. ita intended to make it all and some damage was don 13hajs plate, len's is about time, with the experience formation, which they believe will be of recent years, that the general managers in in making the secosary arrangements for that the Empress Dewpger and the Viceroy of public in time: Captain Bougouin complaiped entertained that th confund fun with the consulting committee trial shipment. The Chinese merchants point: Manking have subscribed Tis. 6y000 towardsbisterly of the way that the French press and should devise some means of turning the out that the present occasion is Aurelia's op: helping the superers: This sum, and more in the French official news agencies had, treated Flas Valuable assets of the company to better ends?portunity, but whatever it done will have to be needed at once, as all she cmps have been de his case To him it looked as if the press and I hear there is a syndicate who will be willing, done quickly, otherwise other countries will stroyed and thousands of people are homeless, the agencies had been bought over, by the REST

sad destitule,N, C, D. Niwi,

Japanese to misrepresent the affairs BLAUP to offer so per share and buy up the company," "gal in before ndi

Te is further reported that excellent magnetic fron are bas been discovered in the Western parl

of the New Territory, in the neighbourhood of Three Fathorus Core. A number of Europeans have been engaged in examining the lode,

at present are

sto, and their report seems most encouraging.'

At his friends up and down the Chius Bailon, will be pleased to hear that. Captain

In connection with the anti-oplam will not only retrogade but there is very like craande they took the opportunity of inspecting

Home

whilst over

donte took sheller at the mission station, and had that gone the loss of life would have been much greater. The German steamar Germania,

short time ago after the expiry of her to foretell that the position of prescience last wask when a number of them vielted that in all water in them...it is estimated of the Japanesa Military/Secrets (Law, "pironed § and she rode tka hurricane out salaly with both. iralty to the command of that fine baule.lihood, that the rate of retro,ression ́ will be the Burrangong Chillipe: Works, and were : Iwanty-seven yourChristians" and to France. He refused to be diawn out by a The storm continued with unabated fary BABIE

the Zondon, Istaly commanded by Capte Tillard: Capt. Wilkinson bad hoped, with luck, 10 get a first-class crises, but was not winguine as to that, owing to his present slight lameness from theumatism. We are therefore par- ticulary pleased to hear that so good and popular an officer, bat, had his heart's desire more than faldilad, Good Jucki: 30:: Zendow); ways, the

Mr.

be of service

scho