1907-03-15 — Page 4

Intimation.

THE HONGKONG TELEGRAPH FRIDAY MARCH 15, 1907.

ceived the careful and earest consideration of those at the head of affairs. The Hong Kong and Shanghai Bank and the develop ment of trade in the Far East are so closely interwoven, that the condition of the one indicates the position of the other. The

vested might be expected and the fundrat pra-RE WRECK OF THE ROBERT sent lying idle would be employed to the ad vantage of all concerned. Such, at least, is declared to have been the gist of the telegram to the Viceroy, Bufore comi g 10 the statoy men that the Vicero, is supposed to be a

*SALVAGSUPERATIONS. POSTPONED

The Danish salvage steamer Protector returned from the Paracels yes erday after noon. Her sreo id expedition to Caps Varella

GANTUN DAY BY DAY.

THE RICE RIGT AT TUNG KUN.

{From Our Own Correspondentà

Canton, 14th March,

A. S. WATSON & CO...] prosperity of the Bank is the true barometer vourably impressed with the scheme, it would for the salvage of the Dub Co's tug. Robers which was created on the 8 h instant, by the

LIMITED.

WINE AND SPIRIT MERCHANTS,

·ESTABLISHED A.D. 1841.

SOME MAR!

The dear rice riot in the Tungkun district, yesterday

of the times. While we are passing through be in eresting to inquire on what leg. Igrounds Coke proved as fruitless as the frat. This was

famine-stricken people of the district, was of a || Turk a period of general depression, when the & rectors of the Canton,Mankey Talisay

rather serious mattire, Business was quite hi a on account of the weather conditions prevailing standall, shop and event street gates wale all kness and howled thi most people are inclined to indulge

could justify the diversion, of money deal, the Cap", rendering un approach to the wreck closed and no one dated to venture out of | abject apologies. The bold in gloomy prognostications of the future, the management of the Corporation which posited by shareholders for a definita, and by the Protector a task of imminent danger to dours, so the city all of a sudden appeared as bring returned what they cons

the latter. After remaining in the vicinity of the has its finger on the commercial pulse specific purpose, into sumilier channel in wreck for some time and seeing no chance of quiet as if it was a city of the dead. This with undiluted sen slange scene did not pass away until the arrival of a that the annual mat of the Far East are serenely confident'ich the maj rhy of the investon have no the weather moderating soon, the Proiecter has reinforcement of a large body of troops, from carried out. When the that the cycle of depression in nearing avowed interest? The money wassubscribed had to funhe postpone any attempt at salvage

Cnton, under the command of Colonel Wu,steamer fiol Niwy entered the an end. Probably that is the best news for the construction of the Canton piankowop rations until early next month when it and some other officers, on the 10th and 11th shortly after three o'cl

instant, when order was restored and business noon," she was favourablb for the work. As is known, the that any community could learn, and railway and for no other purpose. The panties expected the monsoon will be rather more it will be assimilated with as much de. who subscribed the money were either actu Robert Cooke, has long since·bcou abandon. / resumed as usual. It is now reported that the rate that churned the water, into SHERRIES bottled in Europe have light by the business section of Shanghaiated by motives of commercial gain or animated to the underwriters by the Hongkong and leaders of the outrage have been arrested been especially selected and pro-as that of Hongkong. It is proposed thated by that patrio im, which pissed at a tidal W lampos Dock Co., Ld, and the Proititor's, the Viceroy has now given auitiority to the new issue shall consist of 40,000 New wave over the population of the two Kwang exped tion is accordingly conducted on behall purchase 69,0 o cattles of rice, and has sen! oured from the celebrated Firm of shares of Stag each at the price of £30 per provinces little more than a year ago. Were of the insurance company. Although the exact Weiyuen. Shum Chi Kin to take the rice to the share, to credit capital account with he directors of the larger line so influenced by in case of success has not transpired, we believe people there at the lowest price in order to amount of the consideration money to be paid Tungkus diuirict and sell it to the unfurlungle C. G. SANDEMAN

relieve their hardships... $5,000,000, the balance of some $5,500,000 the suggestion of the laotais that they con- that the salvagers are not adverso, to under being placed to reserve. The new sharessemed to the diversion of the funds under their taking the job on the no cure no payment SONS & CO. will be allotted to shareholders on the regis control to a project which, while or doubtedly system.

ter on 31st May, in the proportion of one new London, Oporto and Keros..

The following PORTS and

E

SPORTS.

P'er Case.

$15.00 18.00.

DOURO

OLD TAWNY.

INVALID....

ESTRELLA

.........

FIVE DIAMOND

VERY OLD TAWNY...

OLDEST & FINEST...

24.00

27.00

42.00

50.00,

SHERRIES.

Per Case.

LIGHT DRY

$13.00

SOLERA

VERY PALE DRY

FULL GOLDEN..

18.00

+18.00

21.00

PALE DRY NUTTY... 24.00 FINE OLD BROWN... '36.06.

A. S. WATSON & CO., LIMITED,

AGENTS.

ALEXANDRA BUILDINGS.

Hongkong, ind January, 1907,

BIRTH.

131

On March 10, 1907, at Shanghai, the wife

of JOHN W. Moss, of a son.

he

UNION INSURANCE SUCIETY.

AN VAL REPORT.

share to two old shares. Should the applica of equal interest, is yet allen to the original tions for the new shares from present share-purpose of the subscribers, then the direc holders fall short of the number issued for ass might be held."culpable of an offence allotment, then the directors will dispose of which is described by an unpleasant rame.

We have received, too late for publication in these at their discretion, the amount received And, again, what is this "surplus capital" extensp. in this evening's issue, the report of the referred to in the telegram of the lao-Union tosurance Sciety of Canton, Id., for in excess of $125. being carried to reserve. It is also proposed to make £15 payahte this? t is so sclúum that he comes the year ended 31st December, 19:6. We on 1st July and Lig on 1st cluber. We across an undertaking with surplus capital make the following extracts therefrom:

• 1905 Account. After payment of the interim take it that the directors will not be called which can be used to finance other enterprises dividend of $50 per share and the bonus of to upon to exercise their discretion in dealing that the term is nothing more or less than be

to contributors passed at the last annual meet- with shares for which the present share witching. Certainly there are funds belonging ing there remains a balance of $836,193.6), as' holders have failed to make application. to the shareholders of the Canton-Bankow Co. per annexed statement... The probability is that all who can see which are at present yielding lille or no in their way clear to meet the calls will do enme, but when the Company forgets its everything in their power to acquire a pro- dilatory habits and the directors awaken to a perty which represents the finest gilt-edged real sense of their responsibilities those funds, security in this part of the world. While and a great deal more after them, will be used there are many who have no direct interest in the latest proposal emanating from the Corporation, there is none who will not re- joice in this evidence of the Bank's continued prosperity, its consistent development and its importance as a factor in the preservation of Britishr inẞuence in the Far East.

CANTON RAILWAYS.

After the enthusiasm which was displayed by Chinese residents in Canton and Hongkong over the suggestion that the Canton Bankow railway should be constructed with Chinese capital, by Chinese labour to the exclusion of

all foreign engineers or foreign financid aid, it

has been curious to observe the comparative

to the last cash. It may be, when the writers of the alleged telegram spoke of surplus capital" they meant the accumulated in- terest on the money derived from the first call on the shareholders, but that "would not amount to much; certainly, it would not be sufficient to finance the work of constrating the.Chinese portion of the line to Kowloon, And so we still remain in the dark regarding the nature of this "surplus capital" As we have said, the Viceroy is said to have been favorably impressed with this highly original scheme. But Viceroy Chaw has a rather delightful way of being impressed with any and all suggestions, that may not be quite feasible at a first glance but may in the and prove of advantage to the Government, which is to say the Treasury. Besides, it saves much trouble

The Board recommend that this sum be *approprijed as follows:-.

A final div.dend to shareholders of

264,827.59

An addition to the Sterling Reserve

$2 per share on 10,000 shares $120,000.co

Fund of £30,000 at exchange 2/3 316............. m. To be carried forward to Underwrite »

ing Suspense Account to close the account for the year 1915 ... 450,163.05

$835,290,64 1906 Account-The balance of Working Account on the 3161 December, 19:6, was $2,681,490.3: as per annexed 'statement.

AN OFFICIAL'S DESIRE.' It is learns from Peking that U.E. Tong Shao-yi will, about the third moon, memorialize he Throne to permit him to resign from his present post, in order that he might then-pro- ceed on a tour through foreign countries. Since H.F. Ya g Sze Ki has been selected by the Central Government, to procted from Peking to Canton to le railway affairs here, the Canton people's endeavours to induce II.E. Tang to come to Canton to manage the affairs of the Canton Hankow Railway Company must he considered as having failed.

K WLOON-CANTÓN RAILWAY-IMPORTANT

1

PROPOSAL.

spray and sent the passingamis citement. She was late and the datermined that the mail bags from

hot

Sai-ya-chon should be dei vered

lon Agrim, piratical looking Gitch the expions train from Kuw

Neng, with Captain Kettle atric and only bridge, throwing objurg chief and second enginess, and towards of kecat violence future men and a boy who kept falling ove

the offing winch. Anlatıgnificant cutter lay flying a variety of fi ga, spparently of all nations, Kettle had a swift notion to hoist the cook's bin dans, and the patent quilt which had absorbed

a

variety of coloured emulsions. Homefrained, which was evidence of profound wisdom. The

culter came up hand over hand. Kenie pray. ed for a tog, but only a hare was the result and despite all the effins of the good ship zlet, Ning the rakish cutter drew alongside. burly figure held up a megaphono and yell "hat's your name?”. The gallunt remembering his previou exploits: font languages and a half, tlie, half

:

bich is Greek for something or other, "kok- bamba spiu' meningitis or words to that effect. Hulst your ensign" ordered the de corated culler. “Oh, Indeed, but a's gune to?!

Acting upon advice from the Ministry" of Ports and Communications at Peking, through the representations of the British syndicate for the construction of the Canton-Kowloon Rait-upreme effort of the performance. way, H.E. Viceroy Chow bas ordered Tholai menacing an inquisitive passenger Lai Kwok Lem and Taotai Wen Ho to proceed a crawbar, he commanded his megaphone to be brought frem to Hongkong and other places, to dispose of shares in the concern. Now there two gentlemen bin. Quickly patting it to have wired to HE the Viceroy, stating that made a speech which was the acase, uf bigh owing to the limited time of two months and the att, including such terms as "bydrophacius absence of a prospectus of the company, they find it very difficult to induce the merchants to support the scheme. In the same telegram they suggested that it might be feasible to invest some of the surplus capital of the Can: the wash acist that ensign, yelled the on ankow Railway Company (which is a megaphons Nothing dong cried Kalilej) present deposited in different banks at low when he suddenly recognised the man in the rates of interest and to no advantage) in cutter. It was a representative from the the Canton Kowloon railway scheme, which Harbour Office. The situation was explained might bring in a better income from the The caemy was around, "How m. By pas capital. They also pointed out that the sengers bave you got? Captain Kettle thought re-company is in the hands of an English and made a guess right away, Gowlow through

firm and the construction of this line will the pass, and then full speed" "Ihe warrior o not be unnecessarily delayed it in the case the mail boat rang Full speed ahead" and the of the Canton-Haukow line, to its completion, natty weasel woul along at a tremendous may be looked forward to in a short space of rate, 10 fatte indend that Hongkong time, and consequently a quick return for the reached only low hours later. It seems that money invested may be expected, H. 7. the defenden of Hongkong were catervour the Viceroy has written to the Board of Direc. ing. to find out whether they could close the lors of the Yuot-Van Railway Company report to suspicious vessels in times of war.

The Board recominends that an interim

dividend of $50 per share be paid to share holders out of interest, absorbing $371,000, und that a bonus of 20% be paid to contributors, absorbing about $150,000, and that the

mainder be carried forward.

LAU Chuen, & cook, residing in First Street, West Point, felt pret y sore this morning when he discovered that through, trying to save five cents he had to shell out Sko 1. Lau promised will never happen again. Yesterday after noon he boarded a tramcar at East Point,

apathy exhibited by the merchants and gentry in the sc erae, and their mure acquiescence in the endices delays which have occurred in the and makes everybody concerted happy when the conductor called for his fare Lau questing them to call a meeting, at an early The fog foiled them, and undoubtedly several -beginuing-alaperations. It seemed at one

angbang Celegraph time as if the line would be built and in werke except those who stand to lose--when the head

ing order within the space of a few months, The Chinese guilds, societies and organisations" HONGKONG, FRIDAY, MARCH 15, 937..

vied with each other in the effort to obtain a majority of the shares, and even the street HONGKONG BANK SHARES.

coolies were not wanting in their eagerness to Those who are interested in the affairs of become shareholders of what was to be a the Hongkong and Shanghai Banking Car- national or, at least, a Cantonese undertaking. poration have already gained a compara- All, of which was regarded as extremely signi tively clear idea of the terms on which it ficant of the new era that had commenced, and is proposed to increase the capital of the instructive of the new ideas that had been Bank, but a circular which has been issued absorbied by the enlightened commercial ele- to the shareholders conveys in a more ment of Canton. But there has been a lull; lucid and succinct form than has yet the books of the company have had to be ex been given the intentions of the direc-amined, unt once or twice but repeatedly; toitle. As the chairman stated at the certain moneys have had to be accounted for recent half-yearly, meeting of the share-

and it does not seem that the directors are any holders of the Corporation, it is desired to

nearer the day, when the work will be started Increase the capital,. at the present time,

in real carnet than they were when it was de from $10,000,000 to $15,000,000, but the clared that the subscription list had been proposal to be submitted to the extraordinary closed, and the first call made on share meeting which is to take place on 31st May

next will invest the directors with the holders. That money has been lying idle power of securing an amendment of the in the native banks of Canton-a portion of it, Ordinance whereby the capital may be at any rate, for is may be remembered that creased from $10,000,000 to $20,000,000 the Canton shareholders were severely critical sbould the necessity arise or the directors of the action of Hongkong shareholders who deem it desirable at any future date refused to remit the money in payment of the to advance the capital to the larger first call until the preliminary difficulties had figure. In the meanting, the share been s-itled. Niw comes an, nteresting wate holders will not be called upon to express ment which, it is alleged, bas been m-de re-

for the construction of the Canton Kowloon railway the Viceroy instructed a couple of

LOCAL AND GENERAL.

Tun German mait of the 13th February was delivered in London on the 13th inst,

it

showed him a ticket which lie had founit on, the

date to discuss this question, which is viewed verstis eluded the sleuths who bid behind

fav urably, by the Viceroy,

BARRACKS AT INTONO.

DESTRUCTION OF SALT DEDS.

Lycemooh Pass on the one side and Green Island on the other. It was an extremely |accufate observa- There was a drizzling rain, a stong,

of the Government is nown to be favourably seal of the car. The conductor took a glance at the pasteboard and passad on.. When the impressed.

ticket inspecto: came around he asked for Lau's

It has for some time been the intention of bad night for anything like accufato ticket, which he found, according to the nun-the. Authorities at Canton to build barracks at tion. ber, was issued on the last trip. Lau was Intung and to have all the newly-enlisted chilly breeze, and at times a dense fog. What dragged out of the car and locked up. He was troops accommodated at the barracks, A the result of the maneuvres was remains to arraigned on a charge of attempting to avoid survey of the site for the proposed buildings bo proved at to-morrow's council-of-war lavad paying his fate at the Police Court, this having been made, the efficials of the Shan But those who contemplated joining the morning. Mr. Hazeland impased a fine of Sto. Hoa Chu have row forwarded a repon to 11, E. | ing flet took a hasty notion to the contrary the Viceroy with an estimated cost of the after a look at the bleak waters. One could We are informed by Measts. Shewan, Tomes & Co., the general managers in lengkong for UNDER the auspices of the Lodge Naval and erection of the building, for his consideration only feel.regret for the soldiers who had climb- ed the hills or were climbing over boulders, In the Equitable Life Assurance Society, of the Military, and the patronage of the R.W.D.G.M. and approv·1,

a grand effin lo frustrate the designs of the United States, that they received 10-day a tele and officers of the District Grand Lodge and

The Government salf beds in the prefecture befarious enemy, the operations began about gram from the head office of the company giv-officers of the Army Service Corps a conceri ing the following particulars which show the was given in St. George's 12all last'avening for of Kanchow and the surrounding' districts were p.m. and ended at eight o'clock this mom strong position of the society at the end of the benefit of the widow and children of the seriously damaged by the finds last year. Then the whole; it is ardly hely that 1905 The assels amounted to £50 517,991; the late Staff Sergeant Blogg, A.Sc. There was a Salt Commissioner has now seat a deputy will congkong was Captured; "most" surplus amounted to £14,115,736, while the paid large audience and the concert proved a com- orders in inspect the salt fields in the above logjably in bed, did but care wheth .new business realised £17,364,151,..

plete success. There were on less than 25 places and to have them repaired at an early captured or not... items on the programme, comprising songs, date, so as to have them in working order for recitations, instrumental music, etc. All the this year. contributors to the programme. were heartily. received and altogether the concert was one of the best that has been organised in Hongkong for a considerable time: Cedit is due Mr. 1 J. Blake, seciciary of tinngements, and the Committee for the excellent outcome of their efforts to ensure success,

AN arrest of twelve men and anaged womax was the sequel of a gambling raid executed by Sergeant Leg, of No Police Station, last night, on the first fi or of No. 3 Tal Wong Street, There were no exciting instances in this raid as the pranus submitted to arred quite gently. They pleaded guilty to the charge before Mr. C. A. D. Melbourne, at the l'olic Court, this morning, when the two leaders, which included

woman, were fined $15 apiece and the re- notice during the raid (54.18) was deposited in

mainder fr each. The money seize 1 by the

the poor box.

at No. 7. Wild Cell, Wanchai, prosecuted Ker amah, Chung Yan, at the Police four, this

"The offence was alleged to have been com

morning, for disobeying her awful orders:

an opinion as to the larger sum, but to sanc-garding the disposal of those funds. Yield ng VIOLET Goldtown, a young women, residing tion the contemplated increase of $5,000,000, to the representations of the British syndicate leaving it open for the board to approach the shareholders on some later occasion with the object of still further advancing the capital under the provisions of the Rosended is to proceed to ifongkong and other mitted yesterday, when complainant gave de Ordinance. In the circular which the Cor places wit the object of disposing of the fendant to understand that if she deposited any poration has issued, shareholders are remind shares in the Chinese section of the Cantun- | öf the house refuse down the dain-pipe again ed that the capital of the Bank was increased Kowloan line. The tagtais arrived in Hougthere would be trouble. The defendant thought in 1Bgo from seven and a ball millions to ten kong, according to our correspondent at Cast was a joke. Stiu tried it again; and Kol ar; ested. Dalendant denied the ailegations. W millions, but notwithstanding that enhanced ton, and, no doubt, canvassed their wares was all a uumped-up charge, the held. Com

gure at which the capital stands to-day, and thoughout the Colony, but, if our information plainant owed her a month's wages, which she the augmentation of the bank's funds by peris correct, they found a curious reluctance on refused to pay. His Worship Imposed a fice lodical additions to the reserve, the directors the part of Chinese financiers here to take up have been led to the conclusion that, in view the shares. It would never do to admit failure, of the continued expansion of trade in the so the totals devised a scheme whereby the Far East, with the additional demands on fund required might be obtained without the resources of the Bank in consequence, dangling the shares in their possession before the Corporation is justified in recommend this unresponsive eyes of the Hongkong mer ing the new proposal to the support of the chants. They suggested, lo a telegram to shareholders, From every point of view, the fact that the directors are of opinion Viceroy Chow, that the surplus capital of the that the prospects of trade and commerce Canton-Hankow railway might be withdrawn. in the Far East warrant the suggested on the native, banks--where it has been des Increase in the capital must be matter for satisfaction. The cautious policy pursued by the Corporation is sufficient assurance that such a proposal as that now presented has not been launched without having re-

ofibforest-and invested in-

posited at low stead in the Chinese section of the Canton Kow- looorailway They argued that, de the fatty in

very dis ixely to be in full working order

ut date, quick returns from

THE Hon. Treasurer of the Alice Memorial and Affiliated Hospitals begs to acknowledge with thanks the following donations to the

funds of the hospitals :--

Minui Bussen Kaisha.......

$50 Deacon, I ooker & Deacon meninge -51. Standard Oil Co.

་་་་་་་་

3. Blacklear & Co,

Abdually Ebrahim & Co,..

Ahmet Rumjan, .......

Dodwell & Co. ing the su Douglas S.S. Co., Ltd......it,

10 25 251 ...... 25

·25· 25 25

British-American Tobacco Co. 25 Tratton & Het

25. 25:

10

A: M. Esrahboy.

Cawasjee & Palanjee. Dennys & Boxityinm amaze Brewer & Com

AN argument between the storekeeper of the of $5, and when last, the areas was seen skeier Korea and Chan Kwok, a tailor, of No. 15, D'Agullar Street, which took place in Con- was inquiring her way to the Supreme Cou

naught Road Central, yesterday, resulted in the arrest of the storekeeper on a charge of By kind permission of Lieut Col W. cot assault and batters. The two men, it appears, The Duke of Cambridge's Own (Middjarem) The storekeeper landed at Pottinger Strees Moncrieff and Officers, the Band of the 3rd Balls | cama, ashore together in the' some/simpan, Regiment) will play the following progra whic and told the sampan to wait for him onțil of music, during dinner, at the Hongkong he made a purchase. The taflor refused, saying that he had other business to attend to and could Hotel, to-morrow, the 16th inst. →

ars the tire. That brought on an torekeeper' used som

Marche" Kathlórn“

*** Bobemian Gid jap; dzieci?” Géorgia, Catop-fosqflag" Selection fundit mà” Myf handy. Kially/

*** Alleen Alannali

Heance

'WEIGHTS AND MEASURES.

A short time ago, H.E. the Viceroy seeing that the weights and scales of this province are. quite different from those of the other provincer of the Empire, deputed Likin Weiyean Lo to proceed to Shanghai to make investigation in the matter, with a view to introducing reforms in the weights and scales of the province. Yesterday, Weiyuan Lo arrived here from Shanghai and reported himself at the Viceroy's yamen. He will soon prepare a report of his investigations and present it to the Viceroy,

CANTON-KOWLOON RAILWAY.

It will be seen from ʼn telegram, of which we {CA #Ad Times) give the substance in this is ue, that the final agreement for the construc. tion and working of the Cioton-Kowloon Railway was signed at Peking on March 7th by Mr. Henry Keswick, acting on behalf of the British and Chinese Corporation, Lid. To preliminary contract for this line was signed March 28:1859, but the subsequent negotiations" bave delayed the signature of the supplementary contract for more than eight years. It must be a great satisfaction to Sir Matthew Nathan, the Governor of Hong kong, to have brought these negotiations to such a successful issue, as also to the local representatives of the Corporation, Messia Jardine, Mihano & Co., and the Hongkong

opposition of the Canton gentry for a lime and Shanghaj, Banking Corporat

threaten th sch and taction»

The

TUNG LOT LANK FIR

HO CAUSE FOR SUSPICION

Co the 1st instants an

it, will be remembered, to the reference was made lo ese colu arrest of several men in concection with which destroyed two tenement house Loi Line that mutuing." "Thu bieze in house No. 4 and before the get tothescenethe adjoining premi were ablaze, Loch buildings were

but no lives weio lost/15ml outbreak on the and February. fact that the fire spread, so° with the rumour that: the

the fire originated had $5,000 only three days prior to: inade the police suspicious, and was extinguished the master. Countants were "detained Police pending silve lasted many days, dari ed to give a reasonable of the fire and they wer It is not state it ik pressmed kerosene oil lamp was

SHIPPING

The Nhà