1906-11-17 — Page 13

BANKRUPTCY.

CHAND SHAN KOO'S affairs.

15th inst.

At the Supreme Court this morning, before his Honour the Chief Justice, presiding in Bankruptcy Jurisdiction, the toaster of Chiang Shan Koo, ex parte Sum Chie Chun, from last Thuistay week, was again called on, Mr. M. W. Slade, instructed by Mr. R F. C. Master, of Messrs, Johnson, stokes and Mas ter and Mr. F. S. d'Alminda ef astro, appeared for the majority of the creditors, Sir Heny Berkeley, K.C, instructed by Mr. H. W. Leaker, and Mr. D. V. Steavenson, of Messrs. Deacon, Looker and Deacon, appeared for the trustee. Mr. A. R. Lowe, whiin. Mr F. Paget Hell, of Messes. Brutton and Helt, watched the proceed. ings on behalf of two of the creditars,

Sir Henry Berkeley, addressing the Court, moved that the mojion of his learned friend t again postponed, or aftogether expunged from the file A great point had been made about the scheme of composition" laid before the creditors, and which, it was sal, bailed because Ho Tung voted against . As a matter of fact the trusten believed, and some of the creditors believed, that that scheme of composition was a bogus one.

Mr. Slade: My learned friend is not—-— "Sir Henry: I want to know or whom mý learned friend is appearing. He is not appear- ing for Boung, and he is not for the debtor. Mr. Slade: 1d the trustee done is duty

I would have appeared for him, but I was forced to appear for creditors.

Sir Henry I want to, kanw the 'n unes of those creditors, i am entitled to have their

names.

L

Mr. Slade: Well, you can have them all in time, but I have not got a list here.

Sir Henry: I want the names of those credit ors for whom my learned friend is appearing, far if the solicitors have pliced them wrongly on the file they will have to pay the costs,

His Honour: Oh, yes! we must have the

Dames,

Mr. Slade: Very well, my Lord; i find we have a list here. They are as follows Chun Hang King, Sham Che Chuco, the petitioning creditor, A. F. de }. Smages, Li Sing Li Chun and Li San Chuen, (the last three represented by Ho Lak Tun) and Chun Hak Ting.

Sir Henry: Ho Luk Fun had no proxy when he represented the three Li's at the meeting of the creditors. I have a preliminary objection to make to this appearance, dor, as stated in the motion I filed to expunge the proofs of credit. ors' claims, those creditors are now asking the Court to do the very extraordinary thing of rescinding its own order. Who are these per sons who are now asking for this order to be rescinded? They ao recalcitrant creditogs who have refused or neglected to come before the trustee and help him in the matter of dis- entangling the debtor's affairs, by proving their claims, and furnishing him with information regarding those affairs,

Mr. Sade: This not a preliminary ob jection; it is going intu motion.

Sir Henry: Oh yes! it is a preliminary ob- jection, for it goes to prove that the men coming here are discredited, and have no fecux stendi in this Court. They cannot appear in Court gud creditors, for they are represented by the Trustee, body, soul and property.

Considerable discussion here followed be tween Sir Henry Berkeley and Mr. Stade, ind then his Honour, addressing Mr. Slade,said he did not see how he could appear for the, debiar as well as the creditors.

Mr. Slade: Thal, my fond, the wation will show, I submit that my metion, which was set for two weeks ago, should take precedence. and be heard first.

His Honour: Yes, I think the motion should come first, and the objections can he heard afterwards.

Further discussion and argument herenpon followed and then Sir Benry said: Whin is this petitioning creditor? He is a friendly creditor and holds an anomalous position on that ac- count, and he has no standing here.

Mr. Shade: 1 should like to know for whom it is my learned kind appears?

Sir Henry appear for the musice.. His Honour: The question is whether the debtor could apply by motion.

P

Sir Henry Certainly. They have to prove that the debtor became a bankrupt because Ho Tang voted against the proposed scheme of composition. As a matter of fact it was not sa-it was because the majority of the cred. itors voted for an impassible scheme,

This led to considerable further argument, and then the question of who was to be liable for the costs arose.

Sir Henry: If the dehtor fails on his motion we must have it understood that the costs are to be a charge on the estate.

His Honour I should think the question of costs will depend upon whether the motion is last or not, as to who pays the costs.

M

Mr. Stade: My learned friend has been hoist on his own petard," and is now begin. ning to see it the old decree were allowed 10 stand Ho Tung would take the whole of the 'estate, and there 'would be nothing left for any.

body else.

His Honour: Your paint then is that having voted against the proposed scheme of comp tion, and having declared and proved his claim at $30,000, he cannot now be allowed by the Court to amend that statement of claim-that the Court has no power to permit him to do so?

|

THE HONGKONG TELEGRAPH SATURDAY, NOVEMBER 17 1906.

THE HAIRY FARM COMPANY,

LIMIT&D.

The report for presentation to shareholders at the tenth ordinary yearly meeting, to be held at the Company's Depot, 2 Lower Albert Road, on Monday, the 19th just, at ram is as follows:

The directors herewith present to the share- holders a statement of the Company's accounts for the ye ended 31st July, 1926.

The profit for the year, after writing off $13.334.65 for depreciation and bad debis, and providing for directors and auditor's fees, amounts to $60,055.96 from which it is pro posed to pay a dividend of and dollar and thirty cents per share, absmbing $12,500; 10 transfer to cattle reserve $15,000, and carry forward $2,595.96.

Directors. The Hon. Mr. Edward Osborne and Dr. Noble retire by rotation but are eligible for re-election.

Auditor. The annexed, accounts have been audited by Mi. W. Hution Terts who offers himself for re-election at, this meeting.

EDWARD OSBORNE,

Chairman

BALANCE SHEET, 31ST JULY, 1906. Liabilities, Capital,- 24.021 shares ($7,40 each, $187.500 Less $150 per share nat

called up.

37.500

Cable Reserve y

Dividends uncollected Accounts payable

Cattle....

Buildings and property...$48,969.47 Lets written off t ... 8,909 47

ibalance of profit and loss a'c..

Assets.

-$150,000.00 25.000,00 208.00 21,950.0 60,055.96

$257,234.12

$57,233 41

40,000.00

Less written off

Cash in hand and at Bank Share investments and mortgages... Steam launch

...15,000.00 Less written off

... 1.000.00

Accounts receivable... Stocks on band ....

...$10,427.00 2,427:00

38,2299 45.450.ca

Furtung, machiney and

store...

8,000.00

4,000.00 34,227.22 3,093.58

5257,234.12

PROFIT AND LOSS ACCOUNT) --

Dr.

July 31st, 1966.

ALLEGED MANSLAUGHTER.

INDIAN WATchman arrested.

“A DANGEROUS MAN”

COWARDLY ASSAULT AT QUARRY BAY,

15th inst.

The head fireman is a Bak ka man, while most of the other coolics employed under the firemen are of different clans. On Tuesday aftercoon there was a row between the head fireman and the coolies. The fireman had oc casion severely to admonish his underlings for quitting work before the arrival of their reliefs. The

14th inst. Gulam Sher, an Indian watchman, employed Quarry Eay coolies are getting in front of on the Kowloon-Canton Railway, line, was the limelight nowadays. A. few days ago arrested yeniday and locked up at Yaumali free-fight in the Shipyard was narrowly avert Police Station on a charge of manslaughter.ed by the timely intervention of an Indian He was armigned before Mr. F. A. Hazeland, walchmao. Yesterday afternoon, however, at 1 the Magistrsty this morning, by Inspectu there was no Indian watchman to act as peace Macdonald. He pleaded not guilty" to the maker and a fight which occurred resulted in charge. Shortly after three o'clock yesterday the head fireman of the Talkoo Suar Refinery afternoon a man named Ng Hing 'Fuk, a pik being seriously assaulted and stabbel on the dealer, residing at Muk Kung Ham, a village head-not seriously with a knife, not far from Sham-shui-po, was on his way to lie Yaumati market. With him was a good sized boar. On the road he met Gulam Sher. who, as sooo as he saw the boar, picked up a handful of earth and threw it at the animal. The pig dealer felt huet at this, and told the indial not to do it again. Words were exchanged, and it was alleged the watch.

to up

the Chinaman and punched bin on the chest, followed by a blow on the stomach. The Chinaman im mediately collapsed. The alleged assault was witnessed by a number of coolies, who, on see- ing the pig dealer fall, seized hold of the Indian and dragged him to Yaumati Police Station, where he was detained. A policeman was despatched with an ambalance to bring the in- jured man to the Station, where he was ten porarily treated. Before being sent to hospital The man was seen to be sinking fast. Ite died an hour later, the result of a ruptured spleen.

His Worship, at the request of Inspector Macdonald, remanded the case for one week.

went

էլ

THE YURT-HAN RAILWAY,

PROPOSED DIRECTOR "BLACK-BALLED."

{From

Correspondent]

AN ANLIGHTENED OFFICIAL

AND HIS GOOD ADVICE, "

{From a Correspondent]

Canton, 14th November. At the reception given some days ago at the Sun Wui Chamber of Commerce, in honour of H.E. Wu Ting Fa, at which over ane thou and representative officials and me his ware present, with Mr. ang Sai Ngam the chair, some very interesting speeches were made by the chairman and K.F. We Ting Fang, In introducing the guest of the evening the chair. said th H.E. Wu, their compattiot, whom they had there assembled to honour, was a barrister-at-law, having been called to0 the Bar some years ago in London,' and was the compiler of the new cial faws of China At the present time the Government had under consideration the idea of becoming a constitutional govern-

cammer.

341

BANK. COMPRADORE CHARGED

WITH FRAUD, «

ALLEGED SYSTEMATIC SWINDLING AT KODE.

Ou 5th nat, in the Kuba Chiha falbansho, before Judge Hadapo and two associate Judges, Pan chin, known as Pan Kong, for merly the Chinese compradore at the Kobe branch of the Chartered Back of India,

Australia and China, was charged with em- bezzlement and fraud.

..

Maturs. Oishima and Ota, barristers of Kobe, and Mr. Yokoyama, a barrister of Ouka, con- ducted the defence,

The decision of the preliminary examination of the case is as follows

The defendant was engaged as compradore in May 1952 by the Chattered Dank of India, Australia and China, No. 26, Nadlwa-machi, Kobe, and while thus employed he committed The following acts:

coolies were highly insulted and said thay would fix the fireman. Yesterday afternoon. after the day's work was over the insulteden, and the people themselves were adopt.Detween about May 1905 and September

ones-numbering about ten men-waited the arrival of the head freman outside the works. As soon as he appeared on the scene the coulies set upon him. While one held him by tho queue the others, landed, out some terrible blows at the fireman who was soon knocked aut. When he limped into Shau-ki-wan Police Station he was bleeding freely from a cut on the head. His weands were attended to by the palice, and after search two men were ar rested and charged with assault, They were placed before Mr. F. A. Hazeland, at the Police Court this morning. The complainant, whose head was in a bandage, and who found it diffi cult to stand erect, owing to pain," which he said he felt all over, gave evidence, saying that the first defendant was the ringleager.

He is a dangerous man," said the Worship, addressing Inspector Roberison, in pronouncing sentence. See that he is deported." The first defendant was fined $15 and the second Stc. Canton, 13th November. hey were also bound over in the sum of $100 Last week Mr. Lum Hok Küm called upon.) each to be of good behaviour for three months. .. Viceroy Shuni, and had a long interview "If you come up here again," concluded the with H., in the course of which he requested | Court, "I will not only fine you $100, but will H:E. Shum to use his influence with the Pre- | give you stocks." sident and Board of Direcɩnes of the Yuet-han

Railway Co, I da to induce them to invite Mr. Cheung Pat Shi to join the Board of Tectors. st,that company. HE. Shuin agreed to do this, and forwarded a request to that effect in the Beard. Upon receipt of H.E. Shum's despatch the President of the Company called a private meeting of the directors to consides whelles the election of Mr. Cheung Pat Shi to then Board would be acceptable to bem. The malter was discussed at the meeting called for the purpose when it was decided not to invite Mr. Cheung Pat Shi to join the Board of Direc- tars, as they did not care to have him there. This decision was at once communicated in HE. Viceray Shum, who, in a despatch to Mr. Lam ilok Kum, informed him that the Board ef Directors declined to invite Mr. Cheung Pat Shi to join them, as, be was reluctantly com- 918 38

pelled to say, they preferred to do without him. 13.334 85 ....... f0,055.96

To directors' and auditor's fees"......$ 2.700.00

repairs and renewals......

To written off:-

Steam Inanch

Furniture, &c. Buildings Hal debts.

To balance

Gr.

$1,000.00

2,427 00 8.969.17

Aug. 1st, 19ss, July 319 19.6. Hy balance from last year..... By interest ....... By scrip fees

To balance of working account

3.554.70

879,645.51

2.803.34 2.756.39 44.00 ...... 73,980,78 $79,645.51

S. A. SE, Secretary.

STRALING A BICYCLE.

!,,

SAILOR CHARGED WITH THEFT.

ret insi

The late outing that Mr. A. E Moy Iling had yesterday did not end well for some one stale his bicycle. Moy Hing, who resides at No. 12, Humphreys Avenue, Kowloon, came over to longkong yesterday and went for a bicycle le to West Point. When he got as far as Western Street the machine broke down. He knew a friend lising in the vicinity so be made for the house. Before leaving the bicycle at the font of the, staircase to enter the house Hing took the precaution to remove the bicycle chain and unscrew the back wheel tyre tube so

to be

that it would be there

when he came down. He was not long with us friend when a sailor, leaving the Sailors' Home spied the boneshaker Wah out satisfying himself that the machine was in a fleable condition, the sea dog picked up the machine and went down the road. In Queen's Rozid Central he ran up against Ser- geant Mclennan.

"What are you going to do with that bike ?" asked the policeman of the sailor.

"Goin' for a ride!", was the reply. "But you can't ride that," observed the policeman.

I am taking it 10 have the front wheel re- paired, said the sailor.

the officer examined the machine and found that the front wheel was all right. It was the back wheel that wanted repaired. Having his suspicions he took the sailor to the. Central Station. There he gave his name as George Chapman. After some further questioning Peston, A., and sailmaker, sailing ship Z.P

Preston confessed. He was hard up. He saw the machine near a doorstep and stole it. Hé could have sold it for ten dollars, but he thought that a bit too cheap, and was on his way to another shop,when he was arrested. He was charged with unlawful possession.' An hour or two later Moy Hing called at the Central Station and reported that he had lost a bicycle, He identified the machine in the station as his property, and the charge against Preston was altered to one of "larceny."

Mr. Slade: There is no rule in the Bankrupt cy Oulinance, my Lard.

Sir Henry: No rule is sequited to permit the Court, or any one, to do right,

Again considerable discussion followed, showing that on account of the proot of Ho Tung's claim against the bankrupt

He came before Mr. F. A. Hazeland, at the as being. $30,000, and his having voted against the proposed, scheme of composi-Palice Court this morning, and pleaded guilty tion it was his vote that annihilated it, as it put

to the charye. His Worship said he wanted to the value of the debis due to those oppos. see the captain of the Z. F. Chapman, to know log as far greater than that of the debis due to the when his boat was sailing, before convicting Preston, and remanded the case until to- supporters, which would not have been the case if they had been proved at $1,000, instead of morrow to allow Inspector Warnock to produce $30,000, as was now sought to be done. I was further considered that bankrapt had a consider- able amount of property hidden away, which would be lost to the creditors if the composition had been carried through.

Considerable argument along the, same lines occupied the Court during the afternoon, and the matter was adjourned until next Thursday,

the skipper.

THE TYPHOON.

IMPER161, COUNTY..

1. CHOW TUNG SHAN'S ESTATE.

MORE FUNDS DISC YERED

From

Correspondent]

PIRACY ON THE WEST RIVER.

DARING EXPLOITS. [From Our Own Correspondent.]

Wuchow, foth November. Piracy is greatly on the increase in the West River. Do Sing, Takhibg and Fong Chuca seem to be the headquarters of the pirate gangs. A number of petry piracies have lately occurred between Wnchow and Sam stay, and not only have the usual methods berá employed-viz, boarding a.launch as passengers and then rising at a given signal, but also new and more daring methods are now in progress. A couple of steam launches have lately been pirated and the pirates got (away with a good bit of booty; but last week the pitates use one at the launches they parted to suntdown her launches and suc cecated in their designs. However, one launch, that of a Salt Cmmissioner, put up a fight and laid out some of the pirates, but the rascals gut away, add kidnapped the engineer (Chinese) of the pirated launch. There are any amout ni gunboats on the River, foreign and Chinese, the alter are good boats and well armed, but absolutely useless for the suppression of piracy, as the captains of these Chinese gunboats, instead of patrolling the various parts of the River, congregate at some given spat, whate they indulge in gambling, and have a general good time. There is only ore solution for the suppression of piracy in - River and that is to have these Chinese guoboats captained by Europeans of the Cus toms Service, who would do their duty and ants, by name Yeung Shiu Yuen and Fun King soon have the river cleared of pirates. In the Tuotas Lo requested that the master of early days, when the West River was first these deposits be investigated by the repreopened, foreigners of the Customs Service were detatched for this work of clearing out pirates sentatives of the Board of Re-organization, and that the funds be thereafter realized and hand and were successful-the majority of the men et over to the Native Customs Department, by having bad gold medals conferred on them by way of reimbursement for the embezzlements the then Canton Viceroy, for their efficient that have gone ou for so many years in that service in keeping he West River pirates in department. It is understond 1 at the matter active. A return to this former practice will be has been taken into the consideration of the

sure to bear good results and ought to be „advocated. Board of Re-organization.

Canton, gth Nayember Tantai Lo Kwok Hi, of Yunnan, bus sent one of his secretaries, named Li Chun, to per. 5onally convey to the Board of Re-organization (Sin Hao Rak), a special despatch in which he states that Cheung Hing Liu has, now in bus custody $170,000 or thereabouts, the pro- perly of Chow Tung Shan, while and her $50,000 or $60,000 is deposited in cash, with various private Banks in Canton. All the de posit transactions between Cheung and Chow were carried out through Cheung's account.

Shan

FIRE ON THE " BARON

ARDROSSAN,”

A. NARROW ESCAPE.

On the 21st oftina, a fire broke out on the

CHINESE CRUSOES,!!

CAST AWAY ON AN UNINHABITED (SLAND.

It is reported that the Nam Sung, which are rived here on Friday (2nd inst.) from Hong kang, picked up three emaciated Chinese con- is on a bambon raft, says the Singapore Free

Press Themen, who are very thin, state that

4th of the same year he spent for his own put- poses without the consent or permission of his employers the sum of Y65,734 28, which was placed under his charge.

a—The defendant was doing business with " Hok-Hing with the approval of Mr. Joha a Chinese firm of the style of Fulising of Ad mou, manager of the bank. Taking advantage of the pronunciation of the trade name (Bu-Hsing or Hok 'Wing) of a friend of his oamed Yeh” Shan-ling, and of the fact that Mr. Adamson did not read Chinese characters, the defendant conceived a device for defrauding the bank and caused Yeh Shao-ling to draw three bills for Y 10,060, Y15,000 and Y20,000 ve spectively in the name of "ily-Hsing and pre- sented the same to Mr. Adamsób on August 1st, 8th and 12th, 1995, misrepresenting them as bills drawn by the firm of Fu... sing, and fraudulically obtained a sum of Y41,131.25 for the bills from the bank. These facts are fully established by evidence, including the written complaint of the bank, and the Bajaments of Mr. Adamson of the defendant, of witnesses Iwayada Seiji, a Chinese, and others who were examined at the Preliminary Court.

The first act quoted renders the defendant liable to conviction, under Article 35 of the Criminal Code; the second act comes under Article 390, and punishment should be mated but according to Article 100. The case is, theres fore, submitted to public trial by the Court of Minor Crimes.

ing very many reforms. He, the chain, therefore, was going to ask 11.E. Woo be kind enough to give them the benefit of his great expericure, and advise then as to their most viverdi. H.E. Wa then stood up on the plat form, and addressing the company assembled saist! We are people of the Middle Kingdom, and therefore we should not allow ourselves to make use of exaggerated language. We know that the Kingdom is poor and weak, because the people do not improve their ways, an adopt more modern methods, especially in tmding. They don't understand that foreigners are very shrewd and careful, and look far ahead into the future, particularly in matters relating to manufacturing industrichey not only consider the question of home consumption, but also of the demands of foreign markets. They send their goods manufactured to foreign countries, and import in exchange the raw materials. In general business affairs we should endeavour to follow the example of Japan; we must not be idle, bur patient and energetic like Western people. thought but very few of us can afford to go abroad to be educated, still we must endeavour to induce students to study more modern books, and also, with that ed in view, establish more modern schools and colleges. As regards education, the student in Europe is not as the student in China. There they do not all hope to become officials, ut desire to acquire a good general education, 10 enable them to start at an early date working for themselves, so that they may become 'in- dependent and enjoy liberty. As regards constitutional government, there must be ore

In noswer to the usual preliminary questions. of the Court, the defendant stated that he was. educated people before it can be successfully established., Some years 9:0 when America

able to speak Japanese, and he therefore re- declared war against Spain, a wealthy citizen plied accordingly. He was engaged by the of New York raised and maintained a regiment

ban as compradore The business of the of soldiers, at his own expense, for the honour compradore was to manage all matters relating to the receipt and disbursement of money, his of his country, and the people fell that 'even if their sons were killed in the war they would authority being identical with that of the man- gain a certain amount of glory, as riots.ager of a Japanese hask Bat in Constitutional Government, it was necessary that the House of Lords should be accord with the House of Commons, for we would not like to see a Government in which one House obstructed the made of administra rion introduced and advised by the other. I wish you would all read more newspapers, so that you may learn about, and understand, all matters relating to foreign affairs, and I also bope you will all try to send your sons and younger brothers to schoot at as early an age as possible. Confucian teaching is good, but if any foreign system proves to be better, we must adopt it. I wish also to impress upon you that you should begin to give your sons and younger brothers all the teaching and instruc tion in your power, so as to prepare them, when the time comes, to be, if called upon, merp- bers of Parliament, which will go far to make hinese subjects honoured and respected, and which also will please and gratify me very much, as your compatriot.

Procurator Morium stated the substance of the decision of the Preliminary Court, and ré- quested the Court to examine the cars.

On being asked whether he had embezzled a sum of Y65,734.28 out of the money belonging to the bank, the defendant replied he had spent (fskaffa) at sum on behalf of Sie Tong- fang, a Chinese merchant, a friend of his.

The Court: is Sie Tong-fang a customer of the bank?-Yes.

Who discounted his bill ?-1 did.

Did you advance the sum ?--Yes, I did nó, Did the manager of the bank order you to de no more business with Sie Tong-fang 2- Every day the manager instructed me to dis continue advancing money to certaincustomers.

This answer was not what was required by the Court, and defendant's knowledge of Japanese proved insufficient, and the Court Through the interpreter was requisitioned. interpreter, defendant replied that the manager did not, about the middle of" May 1905, order him stop the business with Sie Tang-Ling. That business was con- tinued after that lime. Sie Tong-fang's Koba Upon the conclusion of this peech the com office was a branch, and the head office was in pany, applauded for a long time. Later on Hongkong. No bills were drawn by bim on a there was a dinner-party in the General Cham-Chinese merchant in Kobe; they were all drawn ber of Commerce room, at which very large on Chinese merchants in Hongkong. He number were present, when the healths of His advanced lie money on his bills.

imperial Majesty the Emperor of China, and of H.E. Wu were drunk with acclamation.

BANGKOK CURRENCY.

SHORTAGE OF THE COIN,

Says the Bangkok Times of the 26th all The currency question is not yet finally solved, and at the present moment, we are assured, the situation is becoming really difficult, Ticals are badly needed now that a good deal of paddy is coming down from up-country, but

The Court: In advancing money on bills or discounting bills you used to do so with the approval of the manager in each case?—No, I did not.

Mr. Adamson testified that it was a rule for you to obt: in his approval in each case?-My father was the compradors of the bank, and great confidence was reposed in him. I succeeded to the position, and I used to do business according to my own judgment with out obtaining the approval of the manager.

Did you misrepresent one Fu-Hsing, for another Fa-Hsing, who had transactions with the bank, taking advantage of the fact that the manager is ignorant of Chinese characters;

steamship from Andra (Captain Kennedy), for which the Nippon Yusen Kaisha are agens, about a month ago they sailed from Singasare there is a genuine shortage of the coin. Tho!ed did you do business with the stranger Fu-

when an vayage from Antwerp to Japan, in lat. 12.05 deg. N long. 1232 deg. E, the resiel being about 2,200 miles from Yokohama

the Clien Sea, four days out from Singa

pore.

in a junk, the persons on the craft numbering ght all told. Everything went well till their voyage had been a week in progress and then one morning a terrible storm arose and their vessel was whirled before it like a cork. After From the entry in the Ing bank of the occur driving before the gale for some hours, the rence, given in the Japan Herald, it appears junk suddenly went to pieces on a small island that at p.m. on that day smoke was seen coming from the ventilators of No..4 hatch, in and with gond lack they all managed to get shore though they were severely bruised and which forty tons of dynamite were stawed. All

batered in the surf. When they recovered some. hands were called to fire stations and the steam injector was got ready, the engines be what they explored the island which they found was uninhabited. Fortwo weeks the eight men When the ing stopped to prevent all draught halches were removed a volume of suffocating remained on the island eating shell-fish and stroke poured up, appearing to come from the drinking water caught in the crevices of rocks. after end of the lower hold, where some hun-s no sail have in sight three of the most daring dred tons of fish manure were stowed with the decided to build a raft and put to sea in the hope of drifting into the track of steamers. With dynamite. Work was begun in shifting the

the aid of their comrades the three adventurers bags of manure, the suffocating smoke being built a raft out of giant bambons which grey. kept under by playing water on the bags. By

in profusion o the island and with a stock of about 3 pm. the smoke was sufficiently cleared cried fish and little water put to sea ane day to enable the work of shifting the bags to be

amidst the farewell shouts of their less daring renewed. Finally a badly of red fire was reach- ed, and with buckets going and shovels mirades. For six days the buoyant bamboo raft drifted steadily away from the island with; lar.e quantity of it was passed over the

out a single sail appearing on the horizon even, yule. All this was done up the side of the cases of dynamite, the me using planks and as their stock of foot and water was done

On the evening the men prepared to die. for getting at the bags of manure, which

the sixth dy, however, smoke was seen on the were turned over with chain hooks. At&p.m. borizan and then the hull of a large steamer the captain shaped the vessel's course

rapidly came into view making right for the Manila Meanwhile, water was kept con- stantly playing on the mature and all hands castaways. This vessel, as already said, proved to be the Nam Sang and the castaways were

were kept at work all night turning over and

of

picked up and very kindly treated by their

1escuers.

The coolies state that they believe their five comrades on the lonely island to be still alive but they cannot give its position.

We are unable to obtain official confirmation. of the above though the story was obtained fram a reliable source. The local-Chines news. paper Unione Time has, however, published a story similar to this,

shortage is caused by the smallness of the prodution at the Mint and by the large amount As a that has had to be shipped off to Puket. result of the present situation, some uncertain- is coming to he felt as to the future of the sical One rumour is that the Government d.; and on the other hand, with the prospect will try to raise its selling price possibly to 15.

of at best a 75 per cent, rice crop there is the possibility that the exchange value of the coin Naturally it will be much may go down. better for trade generally if the tical can be maintained practically at a fixed value, and the suggestion that the reasury price may ga to eighteen pence causes apprehension to the exporter. But the present shortage ought not to last much longer, and it is suggested that, to tide over the difficulty, the Government should give the Banks 'icals from the reserve. The suggestion will no doubt be considered, the rice trade will have difficulties enough apart from the currency one.

as

Hsing?-No, I did not. The two firms are in- dependent, and both had transactions with the bank. Fusing, which is represanied by Yeh

was doing business of good standing."

Shao-ling, bad an office at Ochi-Kaigan and

Mr. Yokoyama sunted that, according to pay compensation in the event of his spending defendant's contract with the bank, to bad to

money, and his action in spending money would not constitue any crime, Counsel quoted the terms of the contr.ct.

Mirta stated that the total amount of the money spent by the defendant was Yro6,864.53 and the defendant offered to repay Y13,200 by way of a compromise, but the negotiations in regard to that failed. The question at issue in the case, added counsel, was the nature of the duty and authority of the compsadore, and to ascertain this questing, he would apply to bank and a member of the Chinese Canton call two Chinese; the second compradore of the

Club at Kaigan-dori, who could prove that the firm Fu-Hsing (said to be unknown to the bank) was doing business on a firm basia.

The Court granted the application, and pro ceedings were adjourned until the 26th instant.

Japan Chronicle.

THE NEW JAPANesh budget.

This

In another article, on the 281b ult., the same paper remarks: The British Consul, in the latest report issued by the Fereign Office oa the trade of Bangkok, cordially approves of the proposal to introduce a gold coinage in Siam, and suggests in addition the introduction of a new silver coin of the value of half.a fica). Singapore is taking a pr liminary step to- wards the introduction of a gold coinage, but there the question is complicated by the prac tical necessity of the gold coin being the

GOVERNMENT ECONOMY. sovereign, while the dollar stands at 25. 4d. In

We Japan Chronicle) learn from vernacu Siam, however, gold pieces of to and 10 ticals would be very convenient, and might possibly tend to check any tendency to increase the sell. lar contemporaries that the estimates of all ing price of the tical. Mr. Lyle puts the rise Government Deparments for the next fiscal year have been sent in to the Finance Depart- in the exchange value of the lical to is, 3d, as equivalent to a 74 per cent, charge against the

ment, with the single exception of the estimate for the administration of Sagbalien. exporter, and since that was written the tical has reached rs. 4d. The local stores have delay is due to the recently unsettled jurisdic now began to allow a discount of to per cent. tion of the administration of the new territory, Now that it has been decided that the ad. on their bills, but that has not affected the cost of labour and me'material, while due note is ministration is to be under the control of the Home Department, the estimate will bò sub. taken in the report of the excessive competition among the chief exporters. It is true the pre-mitted in a few days

The total amount demanded by the various rent may not be a very happy moment to propose more work for the Mint, but that in Departments, we understand, shows an increase of about Y100,000,000 on the estimates for the present fiscal year. The available revenus, however, is unable to respond to so heavy a call, and the inance Department has con sequently reduced the nosount to less than bask. A deficit is to be met by the surplus from inst year's estimiales, a surplus from the war fund, and the compensation for the maintenance of Russian prisoners, which is receivable from Russia. The Finance Department has firmly. decided to avoid having recourse to any further increase of taxation or issue of bonds,”

shifting the bags. By midnight all the red hat bags had been passed over the side.

At daylight on the following day (October 22nd) smoke was seen issuing from the star- board side and the heat in the hold became almost unbearable. Water was played into the hold till the smoke had abated, when the bags from the centre were shifted till they formed a dam and water was poured into the opening. When the water had filtered through the work of removing the bags was continued

The Japan Chronicle says:-Thirteen new and all the burnt ones put over the side, chose that could be saved being spread over the hold. steamers are now being built for the Nippon he temperature in the hold at one time Yusen Kaisha. Of this number three are being reached tos degrees: Work was continued up built in England-two being vessels of 2,500 sans each, and the other of 2,000 tons, These to noon, when the Captain satisfied himself he

five others, four of 3,509 tons each and two of ¦ is required of it, and the gold coinage seeme the natural completion of the efforts ibat have 8,605 tons each, are being built at the Kobe Kawasaki Dockyard. Another five ships, fout been made to give stability to the monetary of 8,600 tons each and one of 6,500 tons-are system of the country. being built at the Mitsu Bishi Yard, Nagasak. of the boats being built at the Kawasaki Yard, two of 8,600 tons and four of the same tonnage being built at Nagasaki, are intended for the European line. The vessels of 3,500 tors in the bands of the Kawasaki Yard are for the Yangiza service.

The following decree was issued on the 9th jost

Alter having read the memorial presented to us by Tsen Chuen-listen, Viceroy of the Liang AN eighteen-year-old diver allowed his temper Kwang, by which we are informed of the cal to take him out of bounds on Saturday night, amity which has befallen our people in the with the result that he appeared before Mr. C. A. shape of a most destructive typhoon, all along D. Melbourne, at the Police Court, on Monday, the South China const, including Hongkong, The young man went to No. 1o. Yat On Lane Canton and many other ciles, and which bas at 11.30 o'clock on Saturday night to visit been the cause of many hundreds of our dear lady friend. On arrival there he was told that subjects' death, our heart is filled with com. the lady was oul. He said he would wait until passion, and we send our sympathy to all those ale returned. He remained for nearly two who have been in any way injured by this dis- th hours and would have waited longer had heaster and particularly to those who have been not heard the voice of the lady he had come to deprived of relatives and friends. As an out- sto in the next room. A fit of jealousy took ward expression of our sorrow and compassion him and he went about ia demolish the build.

for their losses and sufferings, we order that ing. No notice was taken of the irate mar c0,000 taefs be taken out of the Kwangtung unlil he kicked over a bucket of water which Provincial Treasury to be distributed among leaked into the premises below. The occupiers them, and in this, we muil also command our of the flat below 'talked a row and to settle officials to see that the sum granted is rightly matters the young spark was given in charge used and only for the purpose which is meant

by un Hy was dood $5.

hy got to the seat of the it all speed.

of the fire, and the voyage three are intended for the Shanghai fine; and stitution can of course be organised to do what

The forepart of the hold was full of valuable general cargo which the Captain reports as totally undamaged, although if the steam in jector bad been used and the hold closed and rendered air-tight, all the cargo in the hold would have suffered. Captain Kennedy and his officers and men are to be congratulated on their courageous efforts in saving the property entrusted to their charge and on the success which attended them,

ADVICES have reached Tokio stating that the stringency in the New York monay-market has been considerably relieved. The drain of gold from London to the United States 'now shows a very material decrenKO.