1905-12-23 — Page 8

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In charge of the Lian-chau district when the attempt to force the po piu lottery on the people of Lien chau was made. There is no doubt that he has some interesting facts to maka known. But the Viceroy refused to produce bim. The reason given was that this man had been twice causht" in a lie and there, fore was not to be trusted, ngulung

THE KWO corton Co.

DIRECTORS' FEES IN SHANGHAI,

THE HONGKONG TELEGRAPH SATURDAY, DECEMBER 23 1905.

is very little to do and ample remunerationg and in the elber there is plenty of hard work and no pecuniary reward he inference is to my mind, obvious and that in these gentle mant study their own, Interests rather than the interests of the company in fact, I an forced

they would be known by another name. I am not going to propose any revolutionary resolu tion I am simply going to make a suggestion, and that is that the directors should voluntarily reduce the amount of their remuneration from Tls. 3,000 to Tls. 500 and I am convinced that. it would work much better. I think I had beiter not wail and hear any discussion on my suggestion.

Government taxes on exports from the Yangtze MR. Raphael Balition, the

39 | Emanual: Raphael BelitOS, ponselnya (MILLASH

On monthly terms, for prompt, no business riad: has passed juit is believed that natives have

Enext year's require secured in bone or two for r

large gong or iron shield being struck a to Takie, Dredging is constantly carried on at big iron bar fifty times in buch quicke Yokohama. The work of making Tokio port sion as almost to defy calculation, andigale would occupy considerable time and be most followed by too double strokes commencing expensive, but Tokio papers cherish the idea slowly and dreamily for the first half and and it is mooted frequently in one or-other, of gradually increasing to balf hurricane rapidly; the Shimbuns of the capital Nagasaki is perments, March commencing

haps the best protected harbour of the Japanese in sail freights nothing is doing.”

third and last cycle of gong Strok

7og tons net reg. British bark Rose, tons net reg, Brillab 4-m. bark Sipela, 20 lons net reg

Departures

-None

Indepen

/for them

Intenced after being found

ɑsessions; to terms of: |labour cache, in the arsON CASE

were found guilty and the fort was sentenced to five yours: and the principal' partner (b'save year hard laboure

to the conclusion that they are what we may wid this set of 100 blows is repeated in pregnant, but the prolly land-locked ba,bour is A Sail-tonnage loading or to load. —None: call professional directors, I think in London Sy, the same fashion three times. Whe mall one. The largest dry dock in the Oriant," Disengaged :-Beltinh: ship: Celtic Chins EN

entered on, number of old, and that of the Iwasaki yards, is located there. season very much 'be wadded and huffet Shimonoseki, the chimneys of Moji smoking up old Charlies?: started a series of disike a miniature Pittsburg, but they are not cordant yells to all and sundry to a hatten" good, harbours. The currents run too swiftly or they will be shut out, and this combination and accidents are frequent," Robe, to a great of signals is followed by a Jovtling stream of extent, is exposed to winds from the sea pin people from both directin Presently the fact, it is more of a roadslead than a harbour. rush slackens until only a solitary pedestrain, or possibly a man on a donkey, full tili a bes Me. Butler then look up his hat and coat, The Chairman: I don't, quile know, Mr.lated rickaha, or a heavily laden exit straggles Butler, why you have taken upon yourself to

gates, yelling bursts, out afresh and another make these remarks. There is one point on through. Then a movement is made with the which I should like to correct you without rush ensues, the gates being meanwhile half referring at all to the attacks you have made closed and occasionally opened a little way upon the directors of the various Shanghai again, until the outgoces having meanwhile companies. You say the directors of this ceased, there is a final crimmage to get into company receive Tis. 1,000 per annum. The the city, and the process of closing, which has remuneration is Ti 750,

taken some half hour in all, is concluded. The huse iron plated doors having clanged to s

Mr Butler-I apologise for that,

any man that works has to be paid.

The Chairman-I think you will admit that monster iron pole,is dragged up and placed Mr Butler-Fully.

TRENCHANT CRITICISMS.

The tenth ordinary meeting of shareholders in the Ewo Cotton Spinning and Weaving Co., Ld., was held at Shanghai on the 16th inst Mr. W. J. Greston presided. He said : Gen- tlemen, The audited account of the Two Cotton Spinning and Weaving Co., Ld, for the year ending October 31st, 1995; and brief teport accompanying it, have been in the hands of shareholders for the prescribed period of 14 days, and with your permission we will now adopt the usual form of procedure and accept them as tead. At our last annual' general meeting, on December 23rd, 1904, it was announced to shareholders by my pre decessor ́as chairman of the consulting com- mitice, this prospects for the year under notice

The Chairman-And so far as the were good, and that statement has been fully Cotton Spinning and Weaving Co. is concerned. justified by our being able to submit to you to-day a better result that has been achieved has received from the members of the con since the Mill started warking The exception-sulting committee gond work, and I do not think that the public of shanghai will consider pally satisfactory result of our working is not in

any measure caused by a departure from the the semnetution of Tle, 750 in any way exces

sive As far as your a lacks as the other policy we have previously adopted of endeavour ing to buy cotton and sell yain simultaneously directors of the various other shanghai com and so secuina restainty of a profit-there' has panies are concerned it doesn't devolve un me been no speculative feature in our opéra to defend them. I think that is all I have to tion; but what we have been able to avail of was the advantage of an unusually active demand for coarse cloths, exceeding the supply of impurted goods and largely increasing the 'number, of native hand looms and thereby Consuming a greater weight of locally and native-made yarna. Cotna prices at the be ginning of our financial year ruled high, but

say.

across them on iron supports, being retained in position by a padlock of ecormous propor Ewotions and of the well known Chinese type.

There are in sil the cities of Peking some 19 gates and the same ceremony is observed ai each, but at such thoroughfares as the Hatamen there is naturally more traffic and the process is probably proportionately.longer.-P., T.

Mr. Butler-1 am sorry to say I cantial agree with you. The directors of this Company have neither the technical nor practical knowledge there only remiss the supervision of accounts, necessary to run couten trill, and therefore and I cannot see that that is worth. Tls. 750 a year;

Times.

"

HONGKONG JUNKS.

SUGGESTED FLEET FOR SINGAPORE. The proposal to undertake an immense har- bout schema at Singapore, involving the ex- very severely criticised, but it has been left for penditure of several million dollars has been the Straits Echo to make a new suggestion on the subject. The suggestion is the result of some acquaintance with longkang barbour. The Echo remarks:-"We believe that the be a perfectly easy matter if a leaf were taken employed as cargo boals, with powerful tugs to out of the book of Hongkong and decent junks take them from shore to ship in the absence of

COMMERCIAL

Quotations for the week close as follows:-

. $38 b.

LOCAL AND GENERAL SANITARY measures are adopted against Hong keng at Manila, Newchwang, Sism and Madras, THE Viceroy at Yanking has ordered three

Hongkong Banks......5865 s. 51.91.108bots from the Kawasaki shipyard at Kobe, THE programme for clearing Fort Arthur from mines bas been completed. The authorities

advise precaution.

+91

National Banks. Union Insurancee........ {} China Traders Canton Insurancas. Hongkang Fires China Fires...

710

84 . ex div. 375.

1,30 8.

87. &·b..

C. & M. Steamboats

* 35 ** & b.

241

Sugars...

****** *** 200 .: 37 b. ... 163 b.

Indo-Chines Chinn Rauba Docks Kowloon Wharfs ... Farnhams Hongkew Wharfa... Hongkong Hotels... Ewn Coltons... Langkat. Ha

***Tlx, 130 b. ... 210 b. ...$149 s. Tis. 46 ex div, ...Ti. 3071

WEEKLY SHARE rëport.

In their report of yesterday's date, Messrs. Benjamin, Kelly and Potts state:The week under review has passed with very few changes and business generally continues dull. We beg to take the opportunity of wishing all our readers a Merry Christmas.

The "Shell" Transport and Trading Com- shilling per share, account 1995, payable on the st proximo.

Binks, Hongkong and Shanghai Banks have further declined and are offering at $86;

the crop being not only a hig one, but a good { take also in your remarks, Mr. Butler; yourking of cargo in Singapore ?oads would | Pany, Limited, har declared a'dividend of one

Mr. McLeod-There is a slight other mis. certainly made an inference which is not barne our. Yott referred to me as being a director of are a good many directorships which I would a great many companies; 1 admit it: There AG willingly give on, but I am bound to serve.

remain in request at $38.

THE Corean ex-Mlulator at Paris/bas wired that it is hopeless to expect American interven tion in favour of Corea.

Baked

MR. R. A. Heweit has been appointed a meme ber of the Sanitary Board, in place of Mr. H. W. Slade, resigned.

DURING October 538 deaths were registered in the Colony. Of this number 18 were among the Buropean and foreign community.

THE Yakiko Maru has been refloated at Port Arthur. The is one of the steamers employed to sent the mouth of Port Arthur,

US. CONSUL General F. D. by the 1 ongolian this Cheshire proceediale Cantor:

gaged with his colleague, the American boycott. This nothing to do with the Lien chau Adle

1 Bismarck arrived Long kong from Tsinelas at 7,30 on Monday, Bring: the flag of the Rear-Admiral, and saluted the Colony, with 19 günkü he, shore battery té- sponded with 19 gang, The Farii Bismarck thereafter saleted the Russian Rear Admiral with 13 guns, to which the Russian fingship responded

similar complimenta with my

IT is reported that a scheme is on foot, to pa blish a nawspaper called "fkiboko, the interests of the blind, the publisher being blind man named Sakon Jako stated that the piper is to be printed with A new type invented by Mr. Sakop after many, trials, the letters, being", stamped in relief, so THE German steamer Gare, agenta Messis, that they can easily be read by the touch. Melchers & Co., arrived from Vladivostok on

Antive of Osaka named Two Japanese, one x native bound..

Suzuco and the other a native of Nagasaki day with 14 officers and 2,170 men homeward

Fame Miyamoto, who were arrested in North THE transports Ls. Stuttgart and 21. Gera Kbout three months ago charwad with with Russian troops on board from Vladivos- | Gain Russian spies, have been tried at the tak to Odessa are due here on or about Tues" | Nagasaki Chiho. Saibanshö, Sutako –wat day the 21st inst,

acquitted; but Miyamoto was found guilty and sentenced to seven years imprisonment, CONCERNING Shanghai Deck shares, Mess Erich Georg and Co writs in their share raport

· this forenoon-au follows !==! Farnhams", owlogs to 'botter prospects up North, are Improving, are local buyers now at Tir. 130, which it also the Shanghai quotation. We just hear, that ani interim dividend of Tia,, 4 per share has been declared."

ONE thousand policemen who have been trained in Tientsid are now on duty in Pe- king having taken up their work there from the 1st of this Moon.

A

one-and large growths almost invariably are good ones resulted in a decline of quite ten per cent from the opening when it was apparent in the summer months that an increased acreage had been put under cultivation. In April the working the till night and day, and although Council;'well, i have served for many years- sail. The junks used for this work in Hong. tion is unchanged at £92 tos, od, Nationals THE scheme for the railway between Canton and after sales at: 1 la,; 127, 10 the North there; margin of profil we were making on forward then you say 1 do nothing on the Municipal sufficient wind la allow them to proceed under i after sales nt,the figure. The 1 ondan quota- sales of yarn suggested the advisability, of

considerable difficulties in the matter of inbour had to be overcome, our manager, Mr. Kerfoot, was equal to the occasion, and results warrant the departure which continues to-day with an ample supply of capable bands, enabling us to maintain two full shiles. Tng to the ac. counts, I feel sure that the shareholders will

T

Mr. Butler-Not recent years.

McLeod was vice-chairman of the Mr. Municipal Council only three years ago and 1 have served at one but for live or six years. It is absolutely indifferent to me what remarks Yake about me..

Mr. Butler Rien left the room. The resolution was then put and carried.--

C.). News.

ACÇİDENT TO THE S.S " KAIFONG,"

kong are splendid craft and many of them are admitted to be among some of the finest sea bons in the world. To see a number of Hong keng junks manevring is an object lesson itself after having been used to the miserable tangkaings to be met with in the Straits. Hong. kong Harbour, particularly during the North East monsoon, in by no means as smooth as a mill pond, yet it is only upon the approach of a typhoon that the working of cargo is inter rupled There the steamers lie out in the stream in a strong tideway and it is no ub common thing to see a vessel swinging to her

3

Marine Insurances-Cantons are still in the market at $325. China Traders bave weakened and can be obtained at $84 ex the dividend of $4 paid on the 18th instant. Unions have changed hands at the reduced rate of $710 but close in demand at this price. North Chinas are wanted at Tis. 93.

and Whampoa has been sanctioned by the Throne after being memorialized by the Board of Commercial Affairs.--Skenpoo, FROM a review of the estimates or the coming fiscal year in Japan it is made clear that the Finance Department is not in faviour of abolish ing the import duty on rice.

Fire Insurances-Hongkong Fires continue quiet at $130. China Fires are a shade firmerte te approval of the Army Council, H.E. and invest them wie authority, that the vers and have buyers at $87.

ales.

- AMONG the recommendations made to. Con- gress are two by Secretary of War. Tall, one for increasing artillery ordnance and the other to increase the army and navy medical services

not hitherto enjoyed. The latter recommen dation of the Secretary, has bean Inspired by Major L L Seamans, who made observations. during the Russo-Japanese war and is the

in the matter, jagas duartier, On Monday afternoon the U.S. lighthouse tender Tačias, Daptain O'Brien, was SUCCESS- fully towed off the ledge on which the ground ed. The Tablas went ashore December 2, on the les side of the island of Ape and owing to prompt measures which were taken to tow-ber off sbe küffered no considerable damage. The Tender Basilan which lak: Manllà on the 9th) H.E. THE Governor has appointed, provisional. Inst. for the scene of the grounding and the deals in at Tia. 8.00, Raubs have risen to $4

Mining-Chinese Engineerings have beenly and until further notice, Mr. G. N. Orme toug Robert A. were both used in the work of be polire magistrate and assistant superintendrescue, being specially fitted with the necessary.” and are wanted.

ent of police in the New Territories, with effect | gear has be and Whampoa Docks are without business but

Docks, Wharves and Godowns-Hongkong from the and inst

Tus nowa which was in the air yesterday, saya.

appreciate the conservative policy of your CN. mittee in recommending as a dividend only a

the Governor has appointed Lieut. G. M. Cole- small percentage of earnings, but yet giving a return of sixteen per rent, on share value. The

Shipping. Hongkong, Canton and Macao man, 15th Battalion Lancashire Fusiliers, as

extra aida-de-camp to. His Excellency. transferio à new accuunt of Tis, 100,00) inakes

Steambonts have fallen in value but can be provision for rainy days, and the rum of Tis

busy with junks on either side of her four placed at $14. Indo-Chinas have been disposH18. Excellency the Governor, Sir Matthew author of a back setting forth his conclusions 45.939.93 placed against renewals and repairs The Cablenews, of the 19th inst., prints the deep. These craft are very easily, handed of at 191. Douglas Steamships coming Nathan, on Saturday opened the new ground account is more prudent than ordinarily neces. following paragraph:

led and ride well, so that they do not have been in some demand and have been acquired by the Kowloon Rowling Club firm with buyers at $35. China and Manilas sary, because in his annual report, our Miil The, steamer, Autong, in a disabled' condi-grind one another to bits in a seaway

before a large attendance of ladies and gentle Manager writes that "the machinery has been i tion; has just been towed into Manila bay from do aur antiquated tangkangs in the Straits, taken off the market at various rates between overhauled and is in good condition." This loito. She met with an accident these and Another advantage about the Hongkong cargo. $20 and fzz, closing steady at the latter. figuse. statement is supported by the fact that we have inst her propeller. She is to be towed to boat is its cheapress. It is built of China pine There is no change in Shell Transports, and THE I.-C. S. Suitor, which arrived at Shanghai

Star Ferries are obininable at quotations. spent in renewals and repairs this year, Tis. Hongkong for sepairs, She left for Mariveles and its cost is only about half that of

on the 17th inst., reports that on the 15th inst. A tong. 19,075, as against 11s 10,245 'during 1904, and yesterday afternoon,

Refineries China Sugars have still further she passed the sir, Nanchang ashore off kang of the same size. If these craft were 'nnother satisfactory feature in the account as

sisting the credit balance shown is that the in tow of the Faming,

The Katong arrived in Hongkong to-day adapted by the Straits shipping companies they declined and close at $100. Luzons are slight. Collinson faland, upper end. The astr. Parang

ly firmer and have inquiries at 525. Io Shang was in attendance. could easily be towed down from Hongkonghai, Parak Sugars have been sold at declining debit entry for interest incurred is Tls. 20,0001

or the bigger classes could come down under less than last year. In view of the 'excited

rates down to Tis, fa their own sail with safety. But even if this state of American cotton markets, and the un

were not the case, we do not see why the boals usually for forward engagements of manufact

should not be built in Singapore. It would be turers in Lancashire and American mills, the

quite easy to import a few Chinese shipwrights future of our industry is shrouded in uncertain.

and the necessary material from China, and we ties; but it may satisfy you to know that the production of the Ewo kill is sold at good, that Secretary of War Taft is endeavouring peared in the Straits the days of the tongkatig kera. 11, carly in the week, but have Engineers, will be in command of the troops

A Washington, telegram, of. rali inat, slateselieve that once the Hongkong junk had ap keep firm at $161. Farnhams were reported MAJOR G. F. H. Le Breton Simmons, Royal the N. C. D. News, ofca8th inst„,, that, our night and day working, profits for four months to trave Congress vote in favour of an appro-would be numbered. We thall probably since improved their position and after sales at proceeding on H. M. T. Danera to England on { demand for the removal of Mr. Twyman from

that we already have junks in the Straits. As Tla. 139 are now inquired for at Tls, 130. Kow.2nd instant. He will appoint his own adjutant

and 'quarter-master for the voyage, '\ that pose as jonks hem are a cross between the Wharis have hardened and sales at Tis. S1071 | A TOKIO wire of the 16th jast, to ibe N, GED.] courteous tone of the Tantal's dispatch" to a matter of fact we have not. The hybrid craft loon Wharfs kro quoted at $109. Hongkew Malayan prahu and the Chinesa junk, with, all commendations of the latter. if Government

of our new financial year. (Hear, henr) Be fore submitting to you the formal resolution that the report and accounts as published, and in your hands, he passed, I shall be very pleased in reply in any question that share- holders may desire to ask me..

Mr. Butler- have no doubt, Mr. Chain, man, you can give a satisfactory answer, but

10. FURTINY MANILA:

SECHETARY TAFT'S PROPOSALS.

printion of $1,500,000 to be used in fortifying Manila, The recommendation has been made by the Secretary of war as the outcome of a conference with Commander Frederick Coffin of the United States Navy, who recently went

waters, where he had been continuously since the Spanish-Amer can War. There is much this kind in Washington, and the project is expected to meet with considerable opposition in Congress. The outcome of the agitation cannot yet be reasonably forecasted.-fugun Advertiser.

told by folk who have not been lo

-be

News says: The chief Japanese postal official employee who afterwards committed suicide,

unrest.

to Washington for the purpose from Philippine the faults of the former and but few of the re: Lands are obtainable at $125. Shanghai Landi in South Corea has been stabbed by a native antive papers, "would itself have been suff shall be glad if you will tell us why this amount adverse feeling concerning an expenditure of working of cargo in Singapore Roads, why Tis. 120. Hongkong Hotels have found buyers this is probably in connection wịth' the local lag under orders. The release of the prís

ol Tis. 45,939,90 was not deducted before from the gross amount instead of it being called net profits? Ought not that item of "5. 45,939-0 to have been deducted first you say you charge commission.on it.

The Chairman-That item of 1, 45.939.90 is part of the total-profit-on-the your The general managers are entitled to 'commission on the total profits. It seems to me that it dnes not matter what account yet put it to, to ether the repairs and renewals account or to any other account, but it is part of the net profits al

the year.

Mr. Butler- have no doubt you are correct, sin. This report no doubt has been before the directors who passed it with their approval?

The Chairman-Certainly. exactly understands. This Tls. 45,000 odd is Mr. A. McLeod I don't think Mr. Butler

to provide for fu ure repairs,

Mr. Butier-Oh yes; I see that,

Mr. McLeod-The repairs as you will see have already been debted to the profit and los account in the sum of Tis. 19,675,37, and this sum is to provide for future repairs; it might be put to the reserve fund or anything else.

The Chairman--beg to propose that the report and accounts as presented be passed.

Mr. McLeod seconded, aud the resolution was carried.

I

Mr. J. Danne proposed the re-election, of the retiring consulting committee. ».

Mr. W. C. Murray seconded..

SHANGHAI DIRECTORS' FRES,

ייד

71H-BLOATINGMINE DANGER..

is so nonibly anxious on the subject of the

rines it not, now that it has grabbed Tanjong Pagas, import a fiset of Hongkong, junks and cargo boats, with a dozen good towing launches, which the Northern Colony would turn out and send down while we are pandering over how to begin a harbour scheme and which would -coși-a -mere-song-as compared with the, tremendous sum we are asked to find for build.

JAPANESE TRANSPOR'S NARROW ESCAPE.ing moles?

The Chief Officer (Mr. Clark), the purser, and four scamen of the transport Winsen maru have given an account of the recent accident arrived at Moji the other day from Cheloo, and

to the transport, on her way from Fairen with troops, by which she was disabled. From the transport struck a mine and had a very the account given by the chief mate and others

narrow escape, her propeller being rendered unserviceable 1 is stated the Ninten mari left Tairen on the 6th instant with 1,000 men belonging to the Ammunition, Corps of the Imperial Guards and 144 horses for Ujina. At 2.20 o'clock on the morning of the 7th instant, a violent explosion was heard and a heavy shock was felt by the watch, So-strong were the shocks that those at the stern were thrown out of their berths. It was thought the steamer

EAST"

SOME POSSIBLE CHANGES IN STEAMSHIP

CALLING PLACES,

and Tis. 208 have taken place.

Lands, Hotels and Buildings-Hongkong

have been sold and there are further sellers at at $150, New Central Stores can be placed at $71, while Hotel des Colonies are to be had at Tis, 16. Astor House Hotels have bees book

states have been negotiated and more shares ed in Shanghai at $17 and $171. Humphreys

are, wanted at iz

Foreign Off brevet er he payme the post of British assessor at the Mixed Court, is entirely." Inadmistible, has given general aplisfaction. The studiously dis Sir Pelham Warren, as published in the clent reason for the refusal of the demand, evon || Mr. Twyman had not been simply

soners in the Irregular fashion in which it was THE total output of Kaiping coal from the done is the very almost concession that could three mines of the Chinese Engineering and be made to the Chinese demands, and we trust Lius, North China, for the week ending and Mining Co., Ld, Incated Tongshan and that the whole incident is now closed,

aran hotel, located December, 1905, amounted to 22,150 tons, and THE King Edward Hotel, the sales for the same period 19,500 tons itself in its new home on Thursday in the very

Cotton Milis-Ewas have been parted with At Tia 46 ex-the dividedd of Tis. 8 paid on the 18th instant. Internationals are asked for at

THE Chinese newspapers of Shanghai, ie the handsome building, overlooking the premises now partly vacated, on the other side of the road, Tis, 40, and Lagu Kung-Mows, after sales at Shenpan, the Sinwendon, the Eastern Timer) and which now premises have been fully de- THE PORTS OF CALL IN THE FAR 18. 60, are offering at the rate. Hongkong the Universal Garette and the South Chind scribed in detail in these columat. Ta bosour

Cottons have dropped to $131.

Daily Journal, have organised an association of the occasion the proprietors, Messrs. Dorab Miscellaneous-Greco Island Cements are

to be known as the Association of Chinese jee and Co., ably assisted by their gecial manag. firm at $:8. Electrics remain in request at fournalists. The objects, of the organization ers, dispensed open-handed hospitality to a $15 (old) and $14) (new), A. S. Watsons are

are partly social and partly educational. large indux of visitors, who, after belog (aviled steady at Sizt and China Providents at 191. William Powells have been placed at $10 and WITH reference to the collision between the to tilt a cop" to the success of the new, bota

måde a tour of inspection of the promises are inquired for. Hall and Holtz have changed Japanese transport Hokuto Marw and the Gore after which the unanimous: verdier, inito il hands at $15. Langkats have been fixed at man steamers Rugia and Sidney, a Moji tolo fini, ensemblysecond to none in i Tis: 205 and Tl6. 2011, at which latter rate fur-gram states that the transport sustained, con Rast. If the attendance can be brought

siderable damage at her storm. The Sint the same plane of perfection as the appo escaped damage, but the Rugia had some of monts then the King Edward Hotel her knocked in on the port side and we hope it may, bave very

future before item may THE Variety Club of the Royal Begi the first of two entertajan

The Victoria (British Columbia) Daily Cofonist, of Nov. 26, made the following obter vations conceming the parts of call in Japan and other parts of the Far East:-

w

ther shares are wanted.

"FREIGHT MARKET,

Plates

ntace since 27 Sctober 1

at Wellington Barracks on

fo

due from Hongkong and the usual ports of call The steamer Athenian of the C. P. R. line is in China and Japan. The usual ports of call are Amoy, Woosung (the port of Shanghai on Messrs. Lamie and Rogge write in their cir. It is reported that the total cost of the late ware the Yangtzse river), Nagasaki, Kobe, and Yoka-colar of 16th December as follows:-

will ultimately.exceed Y1,920,003,0 owhich sum, hama. With the changes which have been As was expected, considering the conditions according to the Japan Chronicle, represents made and are in prospect in the Far Enst it is of affairs described when last writing on the sit almost half the amount of the whols State are probable that ere long there will be other calls instant, the freight market has continued expenditure of Japan for thirty-six years, from the a fairly large audience. must have struck a mine, and preparations made in the Orient. It is by no means impro.tremely quiet. At the close practically noth first year of Melli to the year before last. The excellent, sudt being composed were immediately made for placing the pas.

bable that within a year, or less, many of the ing is doing. There are several handy-sized huge sum has been spent in two years of war humorous torns kopt the audi sengers in safely, but there were no indications,

As greatest of good humour." Ith Oriental steamers will make a regular call at boats here and at a neighbouring port which as time went on, that the steamer had sustained

Fusan, in Corea, after leaving Nagasaki, are unable to secure any such employment as THE following notification has been received that there is a vast amozat any very serious damage. The night was so

Leomathe" FOR Madras Bindd The Ewell:developed anion; whence steamers at present proceed to Shang-would-warraor their being moved. dark that it was impossible to examine the hai, or rather Woosung, which is the usual From the very few inquirice after tonnage make one or It has been my was ascertained that the propeller and the

make one or two remarks. Iz has been my holtum of the vessel throughly, but at daylight anchorage for steamers of any size trading to that have been on the market during the past the regulations undertale acted porn

the big port of North China. Fusan is the fortnight a very small chartering business only vestion be imposed at all uninfected ports of individual char,

the Madras Presidency against arrivals from | the conviction for a good many years past that the shaft were broken, and the vessel conce:

terminus of the recently completed Trans has resulted. directors of the companies in Shanghai are, quently hopelessly disabled. It was at once

Corean

railway which will. shortly be To load at Saigon for the Philippines, a small Hongkong, formation having been received was found and have been, largely overpaid. I will admit decided to send one of the boats to Weihaiwei, connected at Liaoyang with the Chinese carrier has been fixed at 27 cents. Other boats that there have been 4 cases of that there are companies in Shanghai in which and obtain help from the authorities. The

Eastern Railway and the Trans-Sibenan | bave failed to draw offers, and tonnage, now at a considerable amount of work devolves on the boat was dispatched on i's voyage of about to

Lo Europe. These changes, to say Saigon and offering to load part cargo for directors, but these companies are an exception, miles in charge of the Chief Officer, and when rushing of the internal trade of Corea which Hongkong, has met with no response, for lack IN regard to the recent collision between the of officer

steamer inwakiwa Maru XII, and the given and in the majority of the companies the work about

half

Japanese the steamer Kunstiaka-marti, way,

{ graio.

whilst the local refineries have - German, steamer Hobelsberg, the owners of DURING Ibis. of the directors is practically a sicecure. I on her way from Tientsin to Moji, was sighted. has a large outlet at Fusan on the southern of

From Java, whilst the 'will make Fusan a most important port

petitioned the think it might be interesting, and perhaps a

This vessel took aboard the boat's crow, and the steamship owners will not be lung in some cargoen afort in tonnage of their own of the Inuikima Marü:1/26:38VB}} if little instructive, we were to contrast what altered her course for Chefoo where the ac

Consulate for Evidence in view of an action. for damager

Caslon they this Company has done for the individus! cident in the transport was communleated to discovering this fact. The Japanese companies under previous contracts, there has been no Kobe Ka Saibansho for the presentation of no le

have started a fast ferry service from the port fresh inquiry lately. shareholder and for the directors. I have been the authorities. The Kumerata sailed at onca

From Iloilo for this port a small boat has against the German, owner of the Babiliberri shareholder in this Company from irk Instal for Moji, and on the voyage across passed the Railway which connects southern Japan

to Shimonoseki in connection with the Sah

Ed evidence was orvente

MG taken on board the tation, I believe, if my memory serves me

spot where the accident occurred, but nothing

cants per pical, gelesen

Axture for Caplan at 3175 Tux Tokio Arght sister that on the dirsalus don't remember which, a dividend was paid, she might have gone down. It was afterwards liners, that is Osaka. To a great extent Kobe sonether it be due to high to.b. prices and/or tion of the Combined Fleet, Admiral Tool but since then we shareholders have looked in learned that the Tiusan-maru had been towed is the port of Osaka, kun shipping bosiness,' al- to short supply of Japanese coil somehow be appointed Chief of the Naval Board of Com

but the largest city of Asia. vain for a return on our money. On the con safely to Tairen by, the Totq-maru, when the trary we have seen cur capital written down passengers were transhipped to another steamer. though it present, until the completion of the by sa per cent. That is one side of the ques-pan-Chronicle,

harbour improvements now nearing comple: tion. Let us see what it has done for the

tion, comparatively small vessels alone call directors. During the same period they have

there. The government has spent $2,500,00 each taken, not out of the profits but out of the

(gold) in harbour improvements and the city capital of the Company, Th. 10,000, and

The closing of the gates la Peking, just be of Osaka has spent $7,500,coo: (gold) to this is monstrous. The consciences of the

which it in estimated another $5.ococo Reports concerning northern freights are courts were directors must be at chastic as their pockets to cause it goes on daily, and may apparently be will be added to make the work com- much more safavourable: Latest telegraphic THE Woman and Young enable them to do so. But that is not all no daily for centuries to coma, is probably one find the same directors appearing in nearly of the sights* least witnessed and talked of, plste, Tokio is also anxious for harbour

the Yangtze the Shanghal Mixed Court fracas only!

worker, We hear every other company in Shanghai. I think 1ive by those foreigners who may have chan- scheme which would involve the expenditure quotation Moli or Kuchingtip to Shanghai is at the Cenimi Police Station was

Woku might safely say that perhaps with the excenced to run for it near closing time. The daily of many millions- As la known, Tokio lies on ports South arialeo, tion of the llongkong and Shangbai Bank scrie, performance in marked with a due ceremony the river Sumida, where it joins Yokphams of the fisture of sa patside boat from I don't possess a single share certificate that which is quaint and full of interest to the intel- bay, and Yokobama is its port, he port, is Swalow at something: likers candl doesn't bear the name of Mr. Alexander ligent onlooker, as the closing by no mesas comparatively shallow and not; foo well pre- terms; but from negotiations for Canton McLeod and Mr W. D. Little. There is one signifies the mere bringing together of the tected. To improve it breakwaters were common-liners there appears to bar, bass no company, if I may ass such an expression, houry wooden doors and the barring of the structed, and the majority of ocean liners, and at all focally, count where their namen do not appear! I raler to the Emperor's highway against all comers. At the cher off the band within the breakwaters response to poor o Municipal Council. But in the one case there appointed hour a preliminary sigual is given by, Only amall steamers of a few hundred tons go, acceptances

correctly, that for the first year or half year, could be seen of the transport and it was though Tokio. There is also another port which been chartered lump sum on basis of about 13The petition was granted, and

soon be made a port of call for the Oriental | --¡ longay bar a fixture for Canton,st $1.75 per and demandan fastidity Visibles

FAY

THE CLOSING OF THE GATES.

is anxious to do its

there is next to no inquiry here for loading at mand, Vice Admiral manouchi, Chief of the japanese coal ports, whilst extensive contracts Flest Administration Bureau and for this port are reported in Indian, Faic Laut Toiral Kamimura, Chief of Baraan, of Milkny and Austinlian coal tonnage for which is being Affairs Viscogst Ito, present Chief of Sibe found elsewhere, Mojito Hongkong there has Naval Board of Command, will be appointe been only one fixture reported, at $4.40 a member of the Highest Military Council