1907-08-22 — Page 5

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Telegrams.

[Renter's.]

The United States.

London, 20th August.. Mr. Taft, speaking at Columbus, Ohio, referred to the quickening of the public conscience in regard to business abusee, and foreshadowed amendments "to The Railway Rate and Interstate Commerce Bills, alio, to the Anti-Trust Law, with"a- view to strengthening the hands. of the Government.

Later.

President Roosevelt at Princetown, Mass. achusetts, advocated a national incorpora tion of the laws for corporations engaged in inter-state business, that the Government should have the control of the railways es they controlled the National Banks. The Government wanted to do something ef fective to secure the conviction of trust managers in criminal prosecutions, but to inflict no unmerited suffering an innocent stockholders:

ALLEGED HIGH-BANDYD

SACTIONS

THE HONGKONG TELEGRAPH THURSDAY AUGUST 22. 1907.

CONRESPONDENCH..

We do, non necessarily endorse the opinions expround by Correspondents in thle column.j

THE NAVY LEAGUE.

To the Editor ar vien "'Hondrong TelugnapIE,”

SIR-As the case of the Executive Com mitten of the Navy League in the receal cop |troversy lins been so greatly misrepresented, 1 ak permission to put it before you on their

behalf,

The main charge made against them at the meeting on the 19th ist, was that they had violated the constitution of the League in refusing to initiate and carry on a public agita: tion upon the various matters named in the resolution of censure, and in declaring that the work of the League should be mainly educational

The constitution is now embodied in para graphs (4) to (d) of Article 3 of the Mamo- randum of Associati in of the League, which is now an incorporated body. They run as follows:-

(a) To secure as the primary object of the national policy "The Command of the Sea."

· (8) To spread information, showing the vital importance to the British Empire of the maintenance of naval supremacy, upon which depends its trade, empire, and

*national existence.

HONGKONG WATER POLO SHIELD COMPETITION,

SIXTH ROUND.

Two matches in the above competition were

·decided yesterday afternoon, between teams representing the Royal Engineers and Middle sex Regiment.

RE. "A" UL. MIDDLESEX "A".

This game was a very one-sided one, and the Engineers had little difficulty in scoring six goals in the first spell, and four in the

second, to their opponents' nil. This result was no doubt due to the Middlesex not mark ing their men. In the game, every man in the R.E. team scored.

The teams were -R. "A"Staff Sergt Walsh; Sappers Carr, Vaughan, Morrlab, Goodyear, Barton and Cp. Grandy.

Middlesex "A":- Rolls Roberts, Rice, Goode, Green, Remnant and Aldridge,'

R.E. "B" vÅ MIDDLEBEX "B". in this match, the Middlesex turned the tables and at half time they had two goals to their credit. In the second spell they added another three, the Engineers one, Thas the game ended in a win for the Middlesex "B" team by 5 goals to t

The teams were as follows:-Middlesex B teams Risdale, Warner, Chapman, Werly, Reed, Clarke and Perkins. R.E. "B" team Cp. Morris, Suppers Williams, Burgess, Hut chison, Jackson, Holmes and Bugler Gibros.

COMPETITION TABLE,

The League table how stands as follows —

Played, Won. Lost, Drawn. Points V. R. C. "A*... 5 ·

13.

(c) To call attention to the enormous de. mands which war would make upon the *Navy, and to such measures as may be -requisite to secure adequate preparation

for the maritime defence of the Empire.

To urge these matters on public' men, p. H. K. Y. C... S. and in particular upon candidates for Carinthian Y.C.5 Parliament,

RE. "A" The Singapore Free Press of the 16th inst. tion and not agitation is to be the primary Middlesex "A" 5

From their sequence it is clear that educa, E. "H".

work of the League:

Middlesex "B" 5 Taking paragraphs (a) and (8), the ComV, R. C. "B"... 4 mittee believe that command of the sea is

Bays:

SONS OF THE French consul at SINGAPORE ARRESTED","

In the Fourth Magistrate's Court yesterday. Mr. Colman, the third magistrate, conducted

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I

7th Co., R.G.A. 5

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0

13

4

.3

2

9

5

2

3

6.

5

I

4

3

1

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3.

4

3

3

DEFRECIATION OF SACURITIES.

DE CİTİSİR FELIX SCHUSTER'S VIEWS.

tople..

At the Union of London and Smiths Bank meeting on 24th ult, Sir Felix Schuster touched the all-important" present-day financial

Various reasons, he said, had been given for be depreciation of securities generally and so called gilt-edged stocks in particular. Invest menta ure, after all, like other commodities, subject to the laws of supply and demand, and the Creation of new securities has in the last decade been on such a scale that the growth of fiquid capital has not been' equal to absorbing the easily. Two great wars, destructive of capital, have entalled enormous borrowings: the creation and development of new industries and Jovactions, especially with regard to locomotion, have made vast demands on the money marketa: prosperous seasons, the development of new agricultural areas, and active trade abroad have put the exist ing railway communications of those coun- fridi, to a severe, test, and demands cot | only for new lites, but for the better equip

ment of the existing ones, call for increasing capital expenditure in every direction. Prices of commodities have shown a considerable and aluset general rise. · A large amount of capital is required, and, profitable employment for it being assured in trade, it thus becomes joss available for investment, These symptoms are to be observed in all the great industrial' countries. With us the enlargement of the field of investments,available for trustees through the admission in 1900 of about three handred millions of colonial securities has had a'great and natural effect on the market in

trasteė stocks.

There is every reason, thought Sir Felix, to consider the depreciation greatly exaggerated and only temporary, as the recent issues of securities of or guaranteed by the British Go

To-day's Advertisements:

COLONIAL SECRETARY'S DEPART

MENT.

Intimations

THE

is hereby notified tha is formation has I been received from the Military Authorities that MUSKETRY FIELD PRACTICES will be carried out daily from MONDAY, the 26th instant, until FRIDAY, the 30th instant, ROBINSON PIANO inclusive commencing at 7.10 A, and finish- ing at Noon. from the South-West slope of Victoria Peak 'below Mountain Lodge in a Westerly direction towards the East slope of High West,

F. H. MAY, Colonial Secretary.

Hongkong, 21st August, 1907.

NOTICE TO CONSIGNEES.

THE P; & O. 5. N. Co.'s Steari eki

"MALTA,"

ik:

FROM BOMBAY, COLOMBO AND

STRAITS.

[769

Consignees of Cargo by the above-nuined vessel are bereby informed that their Goods are being landed and placed of their risk in the Company's Godowns at Kowloon, where each Hongkong and Kowloon Wharf and Godown consignment will be sorted out mark by mark, and delivery can he abiained as soon as the Goods are landed."

This vessel brings on Cargo:

From London, &c., ex S.S. Mongolia &

Peninsular.

From Persian Gulf, ex B.I.S:N. and B. &

P. S. N. Co.'s Steamers, Optional Goods will be landed here unless instructions are given to the contrary before 6 hours.

Goods not cleared by the 28th inst., at 4 PM, will be subject to rent.

No Fire Insurance will be effected by me in any case whatever. ・・

Damaged Packages must be left in the Godowns for examination by the Consignee's

appointed' hour."

as inquiry into allegations of theft of a piece now the first object of national pi licy. At the place between the 87th Co., R. G..A., and the/vernment are gradually being absorbed and and the Company's representative at an

same time they consider that to secure its

of chain value at St and trespass brought by Mr. Ha Yang Peng against Masters Raphael continued maintenance as such it is essential,kong Yacht Club vs. E. F. Telegraph Staff. and farrild to Boudy, the thirteen and eleven and a half years old sons of Count R. de Bendy,in view of the continuing increase in the direct Consul General for France, and their tulor representation of the wige-earning classes in ri, als by z goals to and in the latter-thetelt. A large reduction of floating debt has

C. Pinlot.

Count de Bondy informed his worship that bis two younger sons had been playing in a boat with their tutor and landed on the beach at Siglap. The beach wat no man's land a

and * -

|

Puliament, that the League's educational work should be continued and developed with all the energy and persistency they can command. This educational work, it should be observed, consists in addresses on the doctrine of Sea Power and its vital importance to Great Britain

1

13. Another two friend y matches also took

Corinthian Yacht Club, and the Royal Hong

In the former the Corinthians defeated their

Yacht Club beat the Telegraphs by z to nil.

SHELL TRANSPORT AND TRADING COMPANY.

The accounts of the Shell

riosport and

while further issues will, it is to be hoped, be pissing from speculative to permanent holders,

moderate scale, and the effect of the Sink ing Fend must ultimately make itself distinctly

already taken place, and the Sinking Fund can now be profitably employed in the redemption of the more per anent part of the Government debt, towards which no less a sum than fifteen millions was availab'e during the current finan-

All Claims must be presented within tan days of the steamer's arrival here after which daje they cannot be recognised,

No Claims will be admitted after the Goods have left the Godowas.

E, A. HEWETT,

Superintendent. Hongkong, 22nd August, 1907. « NORDDEUTSCHER LLOYD, BREMEN. IMPERIAL GERMAN MAIL, LINE.

NOTICE TO, CONSIGNEES,

Ta

"PRINZ SIGISMUND," having arrived, Consignees of Cargo are hereby informed that their Goods, with the exception of Opium, Treasure and Valuables, are being landed and stored at their risk intothe hazardous and/or extra bazardous Godowns of the Hong- kong and Kowloon Wharf and Godown Com- pany Limited, at Kowloon, whence delivery.

may be obtained.

far as the boys knew. They found as and the Empire, given by Lieutenant Knox and Trading Company for the year igo show that.cial year, of which only about two million piece of chain. buried in the sant and dug her speakers of meetings, not only of boys and including the balance brought forward from appear to have been applied during the last it up and put it in their boat. A watch girls, but of grown men and women. its value 1995, and after providing for depreciation, three months, so that about thirteen millions man then came up and made trouble and has been acknowledged by Lard Charles Beres-management, and other expenses, the balance can be devoted to the redemption of debt dur HE Steamship Ho Yang Peng had the boys arrested and ford among others. His words on this point standing to the credit of the profit and lossing the next nine months. dragged bare font to the police station.

One subject not infrequently alluded to at are worth quoting. "This Empire," he says, account is £302,370, out of which the preference Yong Peng used abusive language, to the

was mainly cre red, and is only maintained dividend (absorbing 50,000) has been paid, there meetings, and which has lately acgaged bays and called them Thieves, son of aby the power of the British Fleet; and the Navy leaving a balance of £343.370 at disposal: The

a good deal of public attention and comment, is that of gold reserves. "It is one which is League would have fully justifiad its existence directors recommend that yoo be appro- if it had never done any, other work than to priate 1 from this, as a provision to cover such full of difficulty," said Sie Felix, in which bring this fact home to the youth of our public expenditure as may be required to make the many interests have to be considered, not schopts."

company's sleamers and installations comply only those of the banks themselves or of the i Do paragraph (4) the Committee hold that as with the agreements with the Royal Dusch Bank of England, but of the public generally, No Claims will be admitted after the Goods have left the Godowns, and all Goods remain- the fleet is, in the opinion of such high auther Company. The dividend already paid is the and especially the trading community, and so ities as Admiral the Hon. bir Edmund Fre- maximum permitted for 1906 under thess hasty steps must be taken, which might disturbing undelivered after the 28th of August, will mantle and Admiral Sir Cypriani Bridge, up to agreements. By the arrangements with the the legitimate credit system and trading facili-be subject to rent, the level of the two-power standard with a Royal Dutch Company, the af reement between ties, which the development of modern bank. margin, they are not required to take any action this company and M. Samuel and Co. for the ing has evolved to the great benefit of our in this respect at the present juncture and they manage ent of the company's affairs is cam

commerce. At the same time I am more con- are further fortified in this view by the follow-celled as from Tan. 1, 1977, and proposals for fident than ever that a proper solution will be ing statement of Sir Cyprian bridge, which the future management will be placed before arrived at before long with due acknowledg. appeared in the Standurf on the 17th instant: shareholders. The direct ra rec.nd the régis ment of the responsibilities and regard to the in my opinion, an opinion formed after the tration in Holland of the Rataafsche Petroleum interest of all concerned, and I do not think it best inquiry a person in my position can make, Ma-téchappij and the registration in the United is 100 much to say that already the general I am satisfied that the naval power of this Kingdom of the Anglo-Saxon Petroleum Composition in this respect is much improved, and country has not been in any way diminished pany, Limited Those two companies are that the urgency of the problem has been far by any reduction of 'expenditure since the pre- those established by the Royal Dutch Company more recognised. sent Government came into office,"

His worstrip inquired as to the alleged rescue, and the French Consul explined that while the boys were 'being taken'b a Malay policeman from Siglap station to Rochor station, they passed their father's house and the elder boy ran into the house and told what had happened. Their gaverness, Miss Jones, came out and explained to the police that the boys were the sans of the French Consul and persuaded them to let the children remain in the house until an Inspector came. The Malay police agreed and release the boys. Later the French Consul went to Rochore station and mada a report, but Inspector Connor declined to take action.

His worship said he would not deal with the

mitter of the rescue.

At this stage, Mr. Roland Bradell appeared in Court and said he represented Mr. Ho Yang Peng. He would like to hear whu was being said. His client had not brought this case as a criminal charge.

Mr. Colman-Well, what charge is it? Mr. Braddell ;-I don't quite know I would prefer a short postponement. "

1

With regard to paragraphs (c) and (d). it has been and will continue to be the Committee's practice to discharge their duties under it by letters to the Press and questions in Parlia tent, and by pressing these various matters on public men and upon candidates for Parlia inchi,

The Count objected to a postponement being granted. "'e had been put to great incan-

The real divergence between the two parties venience and had come down to the Cop- to the controversy may be summed up as fol federate Estate. ite added: No one but lowe Yang Pong would call the French Consul's son's thieves My sons are not thieves: per

hapy, his are,

Bis worship remarked that the charge of theft was absurd,

Mr. Braddell said that Mr. Yang Peng wa5 nanoyed by the buys, and if apology had been made the matter would never have been brought to Court, Mr. Yang Peng was a well known gentleman and was well acquainted with Eng: lists customs. He had been annoyed at the intrusion of the children,

Count de Bondy-What does this gentle man mean by the apology? If any apology was, to be madr, it was by Yong Peng for calling my boys. “song of a

and giving them in charge and treating them as thieves. Does the besch belong to Mr. Ho Yang Teng? If Mr. Ying Teng had said any damage was done, I would willingly have apologised and made good the damage. An old chain was found embedded in the

The Committee. hold that their main, or day-to-day, wor must be educational, and that they should confine their public plat form agitation, as a general rule, to the two great questions of the maintenance of the Fleet, at the two-power standard with argin, and the organisation of the First

If either of Line Fleet for instant service. these two principles are infringed, their view is that they should take immediate steps to rouse the country to a sense of its dunger. Their oppatients hold, on the contrary, that the educational work of the league should be subsidiary, and that its primary duty is to con- duct public agitations not only upon these two questions, but upon the others mentioned in the resolution of censure, questions which are not maters of principle, but, however im portant they may individually be, of con- proversial detail,

In conclusion, while the Committee would deeply regret the withdrawal of any members from the League, and the formation of a rival

and this company to carry out the agreements, "The indebtedness of the United States lo At the special general meeting of the company Europe," he added, on anotherinteresting point, held on May 15, 1907, authority was given to at the present moment is on such a scale that, issue up to 500,000 further ordinary shares. Ofil in the late autumn and winter the exports of this number 3-0,00 have been offered at a | produce from that country should lead to a premium of 10s, and these have all been demand for gold, it will probably be only on a applied for. The authority to issue the further very moderate scafe," *200,000 shares will only be availed of if and when necessary. During the past year" the volume of products shipped by the Neder- landsch Indische Industri en Handel Masts chappij was satisfactory, us, the folowing statement shows:-Kerosene, 123,642 tons, compared with 124,4 tons in 1905; liquid fuel, 154,056 tons, as against 148,560 tons in 1995; benzine, 16,614 tons, compared with 3,561 tons in 1935-total for 1906. 294,312 tons; the total in 1905 was 776,185 1001.

VOLUNTEER CORPS URDERS.

RECRUITS' PARADES. -

At headquarters at 5.30 p.m. on Monday, the 26th August, for infantry drill. Sergt. Downes, 3rd Middlesex Regt., will attend.

At headquarters at 5.30 p.m. on Wednesday, the 28th August, for 15-paundër B.L. gun drill. Sergt. Windsor, R.G.A., will attend.

N.CO.'S PARADE.

All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 28th of August, et a'þ.M.

All Claims must reach as before the 3rd of

September, or they will not be recognized.

No Fire Insurance will be effected:

Bills of Lading will be countersigned by the Undersigned,

NORDDEUTSCHER LLOYD.

MELCHERS, & Co.,

Agents, Hoogkong, 22nd August, 1907.

MAILS FOR THE FAR- BAST.

fr

In reply to Mr. Cox, on the 17od`ult, Mr. Buxton Bays Letters are sent from the British nice versa by the Trans-Siberian Railway when Postal Agency at Shanghai to this country and

marked by the senders for transmission by that ." WESTMINSTER" CHAIRMAN'S VIEWS; ·

route. The approximate time of transit from At the meeting of this institution Mr. Vincent London to Shanghai by the different roates Wodehouse Yorke also referred to the serious, available for the conveyance of mails is as depreciation. in securities, two courses were follows-via Siberia, 20 days; via Vancouver, open to the bank, to write Consols down or 27 or 28 days, according to the season; a open a reserve fund to provide for the de- Suez, 30-35 days; "via the United States of preciation. At first sight the first proposition America, 42-45 days. The com per prond of the conveyance of letters sent from this country seemed the best course to adopt, and to the Anzacial purist, it was the proper one to to Shanghal via Siberia is estimated at 68. 8d. adopt. Banks; however, after having writ- For letters sent via Suez by French Pac-et the ten down securities, were 'not accustomed to cost is estimated at 45. 38, and in the case of write them up again, and he himself would be German Packets at 4s, tod. per pound, I am the last to advocate doing 10. Moreover, if ¦ nöt in a position to give simplar information in they had written Consols down to 83 this might carry with it the impression that the directors valued them at that figure. He could not think that Consols would remain at the present low figures-this was untenable. The report showed how they had provided for the fall by the establishment of a Government Securities Depreciation Account.

One of the shareholders clamoured for ib. At headquarters at 5.30 p.m. on Wednesday, creased dividends, but he bored the meeting the 28th August, for instructional drill. Sergt. particularly when he remarked that the fluctus- White, a G.A., will attend.

PROMOTION.

His Excellency the Governor has been

regard to ‘letters sent of Vancouver or by British Packet riz Şuër, as both the Packet Companies concerned receive a round rubsidy covering the whole of the services performed by them

COMMERCIAL.

Selling

-TO-DAY'S EXCHANGE,

London-Bank J.T. ...mmu

Do,

demand

tions in Consols were à small matter. He had. known them as low as 50 or 60, and up to well

Do.

4 months' sight' «....................

France-Bank I.T.

America-Bank T.T.

beach. Please don't be, so rude as to laugh association, they are convinced that its position pleased to appoint Surgeon-Lieutenant Charles over par. Why trouble about such a matter? Mr. Yang Peng, when I speak. I do not laugh will be much strengthened by the increased Forsyth to be Surgeon Captain in the Hope. Why not pay the shareholden high dividends?"

'when you speak. 1, believe that according to the English law the beach is public properly,

His worship said certainly no apology were required from the French Consul. The char. ges were thrown out.

Count de Bandy:- ask your worship to. frant a summons against Ho Yang Peng for making a false charge against my sons, under the renal Code.

ilis worship: suggest you see Mr. Sproule,

August, 1907.

1.BAVE.

support it will receive from the great body of kong Volunteer Corps with effect from the 9th moderate people who approve their refusal to allow it to be made a mere instrument of agita- tion, and their determination so continue and extend its invaluable educational work.

. I am,

Your obedient Serval,

ROBERT YERBURGH, -

President, Navy League.

the Deputy Public Prosecutor, and if he ngrass; | The Navy League,

I will grant it.

The Count:-NoChinaman shall call my children" son of a ----,"

The French Comul then consulted with the deputy public prosecutor. He intimate his intention, of bringing the matter before. the ..Supreme Cour

It is understood that the Count has brought the matter to the notice of the Colonial Secretary

13 Victoria Street, S,W, July 25, 1937.

MR. Winston Churchill, the Under Secretary of State for the Colonies, is to make an official visit to British East Africa and Uganda in the coming autumn, accompanied by a permanent officiat of the Colonial Department. At hic personal wish; Mr. Churchill's expensen of living and transport will be paid by bi useil,

Guaner J. A. Young is granted leave of absence out of the Colony until the end of September with effect from the 15th August,

1957.

JOINED.

י

Germary-Bank T.T. ................. India T. C. .................................

Do. demand...... Shanghai-Baok T.T. Singapore T.T. fapan-Bank T.T.. Java-Bank T.T.

..2/2 7/16 ....2/1 ..2/215/16

...2.78

..$34

.2.26

,1641

1657

1.72

....67 % prom,

..107]

A PARIS correspondent states that Tin Si Hu, a'Chinamas in the service of Mme. Varadesso, the opera singes, wanted to commit suicide, and he tried to do it three times during the past fortnight. He first swallowed arsenic, but an emelic prevented him from dying. Then he took a large dose of opium, but again he was thwarted. He made a bird attempt on 24th ios), by throwing himself from the second floor | 6 months' sight LfC........... window of Mme. Varadesse's flat. Once more 30 days' sight San Francisco & New York 541 his lück was out, for be fell on the cushions of 4 months sight,

do,

.551

Mi. A. B. Bluaa joined the Corps on the tóth August, 1907, assigned Corps No. 977 and posted to the Right Half No. r.Company.

Mr.A. K. Pfordien joined the Corps on the 15th August, 19:7, assigned Corps No. 478 and posted to the Right Hall No. Company. a passing motor car, and sicaped with only a Mr. A. H. Young joined the Corps on the alight injury. He was taken to the police 16th August, 1907, assigned Corpi No. 979 and station, where he explained why life had be posted in the Right Half No. 1 Company, come such a burden to him. “Mme, Varadesse how is too much,” he said. ""She howls all day Trooper E. Buxton Forman, is permitted to long, and I want to die to get out of it. Mma resign on leaving the Colony with effect from Varadaise sympathises with, Tin Si Hu, and the 16th August, 1907.

promised to send him back to China:

RESIDNEY,

Buying

4 months' sight I./C......

CO., LD.

INVITE INSPECTION OF THE

BABY GRANT

BY

STEINWAY,

HAAKE,

WINKELMANN

&c., &c.,

&c.

Prices from $750.

Hongkong, zand August, 1907.

IF YOU KNOW A GOOD

SCOTCH

WHEN YOU TASTE IT YOU WILL

APPRECIATE THE MANY

NY GOOD QUALITIES

'PERFECTION.”

A GREAT · REPUTATION

15 ONLY WON BY GREAT ACHIEVEMENTS

D&JM CALLUNS

Perfection

"PERFECTION SCOTCH WHISKY

HAS A WORLDWIDE REPUTATION POR EXCELLENCE OF QUALITY FOUNDED ON THE EXPERIENCE- OF ITS CONSUMERS-

That is Why

WHEN ONCE TRIED IT IS ALWAYS PREFERRED TO OTHER BRANDS SIMPLY A CASE OF QUALITY & FLAVOUR

SOLE AGENTS:

H. PRICE & CO., LD,,

WINE MERCHANTS,

.2/31 ....2/31

12 Queen's Road Central,

30 days' sight Sydney and Melbourne......2.34 4 months' sight France........@mamahala 6 months' sight.

TRY IT WITH

"TANSAN

PER CALE 12 BOTTLES 47.17,$16.55)

FURTHER NOTICE,

Hongkong, 9th August, 1997,

4 months' sight Germany-sua imien Bar Silvermanos

2.86 ..2.324 171.6

10% DISCOUNT ALLOWED

Bank of England rate ..............................

Hank of France.......................................ommest X

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