1907-10-28 — Page 5

Telegrams.

{Renter's.]

The Commercial Crisis in the United States.

1

London, 25th October, violent slump occurred in the New York! market at a p.m., followed by a feverish rally on the announcement that a pool had been formed at the instance of Mr. Pierpont Mor. gan to enable brokers to close operations

today.

THE HONGKONG TELEGRAPH MONDAY OCTOBER 28, 1907.

LAIM FOR PROFESSIONAL

SERVICES.

HONGKONG. SOLICITORS #. J. CLIFFORD

WILKINSON...

APEAL AT OSAKA,

On Wednesday, the roth instant, in the 'Osaka Appeal Gauri, beforo judge Itagaki and four Associate judges, on a real was heard of the plaintiffs from the decision of the Kobe Chiho Saibansho, by which the claim was dia missed in the action brought by Messrs. G. Mr. Morgan has already lent $25,000,000 kong, for the recovery of remuneration for ser- Wilkinson and E. J. Gript, solicitors, of Hong The Southern Steel Co. of Birmingham, vices rendered and expenses advanced, amount Alabama, with a capital of $35 000,000, husing to a total of 2,348, from Mr. 1. Clifford Nr. Yamashita appeared for appellants, while respondeat coaducted his case in person. Mr. Yamashita, prayed that the decision of the Kobe Court.be quashed, and judgment be

failed.

A 'run has commenced on the Union Trust Co., of Providence, Rhode Island.

Owing to the suspension of the State Bank

Wilkinson, mineral water manufacturer of Kobe.

Twice in July one day.

F 25,00 603

25.00

10 June: 25.00

14 Jacob

€6,00 6cd 6,00

1525.00

610

THE UPPER YANGIZE.

The visit of Admiral Sir Arthur Moore to Chungking for the purpose of lospecting His Majesty's gunboats or the upper reaches of the 21, mg (25,00 Tasse

Yangtze it calculated to attract fresh attention 2000 6,00

to that section of the river and to revive dis- Ang * 3500 440

cussion upon its potentialities as AÐ AVEDUB for regular traffic. Incidentally il To'al...750.00

also may 98.00 Mr. Yamashita then put in Exhibita Nos, stir the spirit of emulation among other river to SA, including the text of judgment of the craft to rival the doughly performance of Hongkong Court in this case, a certificate MS Widgeon Admiral Moore had every issued by the same Cours verifying the fact reason to be satisiled with the success of his that the judgment became irrevocable, and a trip. When be arrived by the train at Hankow work on "International Law by Westake, to to find the high-water mark-well over forty Court had the same force as that given by a would not be able to proceed beyond thang. show that the judgment of the Hongkong, foot, it was confidently anticipated that he Japanese Court, a copy of the Japan Chronicle. S. Widgaon, however, proved equal to of November 28th last, letters from appellants the task and covered the 440, estimated miles to respondent, and the writ issued by the between that port and Chungking in 48 hours Hongkong Court against appellant.

| 15 minutes, steaming. " Although the volume

To-day's Advertisements.

ST. JOHN AMBULANCE ASSOCIATION.

FIRST AID AND HOME NURSING.

CLASSES on shore subjects will be held Lotto Paul College pital, Baker

during the ENSUING WINTER for

Road, at i

Ladies are requested to send their names

7

Intimations

THE

to the undersigned not later than the sit ROBINSON November. F. T. JOHNSON,

יי

St. John's Cathedral,

Hon. Secretary,

Hongkong, 28th October, 1907.

1950

COLONIAL SECRETARY'S DEPART MENT.

of Nevada the Governor declared yesterday, given as claimed in the petition. Counsel then incompetent to conduct a law case in a Japanese more remarkable, as she had to make headway "been received from the Military Authorities

·

Later.

to-day and Saturday legal holidays.

The Bank Examiner has announced that the accounts of the Hamilton, the Twelfth Ward, and the Empire City Bank, show that they are all solvent,

The two former suspended payment for lack of ready cash."

14

There is altogether a better feeling in New York; the market is still at its lowest, but

there is a steadier feeling.

Receivers have been appointed to the Union Trust Co., and the Knickerbocker Trust Co. :

briefly recounted the facts of the case,

banto, who acted ar interpreter, stated that he Respondeat, through Mr. Wakayagi, his

opposed the claim, and $1,000 as expenses, The amount claimed was excessive. Respon dent then put in the following statement, which was translated by Mr'Wakayagi.

"Your Honour,--This case, which has come

up from the Kobe Chiho Sibansko, is a very simple one. Messrs. Wilkinson and Grist, solicitors, of langkong, presented a bill of costs which was so extortionate that after pay. ing one thousand dollars I declined to pay more. Apart from the multiplication of items in their bill of costs, a trad copy of which I Two Brooklyn Banks and the Interna-submit to your Honour, they so bungled my tional Trust Co. have suspended payment.

New York reports that runs on the Banks and Trust Companies continue.

16th October.

There are six more suspensions, with small capitals but with the aggregate deposits of $34,090,000.

The entire Cabinet, with the exception of Mr. Corlelyon, has met at Washington to consider the situation.

Mr-Cottelyou to day deposited $8,000,000 with the New York Banks,

The large Savings Banks are enforcing 36 days' notice of withdrawals, fearing a panic.

188.JAPANESE PANANTAL

OUTLOOK.

A REVIEW OF THE SITUATION.

A somewhat pessimistic aricle appears in the Omka Mainicht an the financial qurlook in Japan. The tone of this article is of interest as contrasted with the statement issued in London by M. Wakatsuki, Imperial Japanese Special Finance Commissioner, on Japanese fonaco.

case that they failed to obtain through the Hongkong Count protection for my trade-mark, although precisely similar cases had been car ried successfully through the Singapore and

"Manila Supreme Courts.

"On my refusing to comply with Messrs, Wilkinson and Grist's extraordinary demands they took out a writ against me in Hongkong, and I was summoned to appear before Sir Francis Piggott in the Supreme Court at Hong, kòng, A41 am, and have been for many years, domiciled in Japan, I contend that Mesurs. Wilkinson and Grist had no right to attempt 10 go past the Japanese Courts, by instituting an action against me at Hongkong; and, conse quently I did not appear. ‚”

"Sir Francis Piggott, without hearing my case in any way, gave jud,ment jainst me by de fault. Tais Hongkong firm of solicitors then sought to enforce the judgment thus unfairly obtained against me by bringing an 'action'in the Kobe Chilo Saibansho, but oxing to the representations I was able to make the case was thrown out in the lower Court, where it was held that the reasonableness or otherwise of the claim must be adjudicated in accordance with the general principles of law.

ages or their amount."

*

barrister. Court, and suggested that.ha should engage a

The Court here remarked that from the proof water obliterated soms of the more formid- able rapids, the Widgran's progress was the grest of the proceedings so far respondent was

in places against a stream running twelve knots The return journey was accomplished in 19 our so minutes, at an average speed of 10 knots. It is hardly becessary to the circum-, lances to emphasize either the proved powers of HMS. Widgeon or the credit that her per- formance reflects uppa hercomplement." At an

Respondent stated that he was not inclined to engage a barrister, as this case was a claim for the recovery of lawyers expenses. More over, the lawyer's fee would be beavy. If he

had deemed it necessary to engage a lawyer,

he would have done so for the proceedings in the Kobe Court Respondent put in Exhibits No. 1 to 6. B, including a copy of the Kobe fieraid to show that appellaot had wildly. abused respondent in a Hongkong paper, and an extract from a Hongkong Journal to show that as the judgment of the Japanese Law Court was not valid at the Hongkong Court, se the judgment of the llongkang Court was invalid in Japan.

Mr. Yamashita stated that the point of re- spondent's defence was too vague, and asked the Court to draw the paint clearly from res- pondent.

[

· Respondent stated that he had applied to appellant to proceed with one case only, end the remugeration claimed for one case was excessive. For this reason he refused to pay. Mr Yamashita applied to call Mr. G. O. Heath, of Yokohama, as an expert witness. Counsel stated that Mr. Heath introduced res pondent to appellants.

time is this section of the river easy to navigate;

TT is hereby notified ibat information has that MUSKETRY FIELD FIRING will be carried out between 8 AM, and 1 PM on the 31st October, and and 8th November, on the Southern Slope of Beacon Hill in North- Westerly direction.

F. II. MAY, Colonial Secretary.

Hongkong, 18th October, 1907.

PUBLIC AUCTION.

1953

at this season, it is usually avoided both by beason of the actual dangers of navigation and- the difficulty of prope.l.ng boats nader their THE Undersigned have received instructions

steam against the current. It required,

therefore, a serviceable combination of qualities on board one of His Majesty's gunbeata to enable Admiral Moore to carry out his tear of inspection.

.

to sell by PUBLIC AUCTION,

FOR ACCOUNT. OF THE CONCERNED; | ON WEDNESDAY,

the 30th October, 1907, at 11 AM at their

Salar Rooms, No. 8, Des Vœux Road,..., * corner of Ice House Street, I LADY'S DIMOND and EMERALD

11

RING, GOLD BRACELETS, 1 LADY'S GO D WATCH by Benson;

·AND

X

CHRONOMETER by Fletcher, London,"

• (in good order and condition), TERMS AS Unual.

· HUGHES & HOUGH,

Auctioneers. Hongkong, 28th October, 1907.-

Although such a burried trip as that taken by the Widgeon afforde little opportunity of testing the potentialities of the Yangtze in all its moods, the difficulties surmounted serve to confirm the generally accepted belief that, unless engineering, works are carried out at a cost that must render them prohibitive, there is a poor prospect for steam、 navigation for purposes of trade. above Ichang. The engine power requited for a regular service throughout the year militates against the storage capacity in steamers of necessarily, shallow draught. A further ob The Court granted the application, and an.stacle to the exploitation of the waterway is the nounced that the Yokohama Court would be fact that the configuration of the land" prevents THE Unde to sell by asked to examine Mr. Heath. Too proceed the surrounding country, between the main ings were, consequently adjourned.-Japan | centres, even, were it more closely populated than at present, from being served pro- Chronicle.

Hiably in runts. Ten years ago when the Sin Long Ta'n was formed by the subsidence the 1st and 2nd November, 1907; commencing

-

THÌ CHINESE ENGINEERING AND MINING CO., LTD.

LANSUAL, REPORT,

of a hill on the northern bank below Chunking and blocked the river, the American engineer who was called ja to re-open the channel was of opinion that by blasting cut a sufficiently

The Chinese at

COLD

PIANO

INVITE INSPECTION OF THEIR

BABY GRANDS

BY

[952 STEINWAY,

PUBLIC AUCTION,

'HE Undersigned have received instructions

PUBLIC AUCTION,

FOR ACCOUNT OF THE CONCERNED,"

од

FRIDAY & SATURDAY,

each day at 2.30 P.M., at their Sales Rooms,

No. 8, Des Voeux Road, corner of Ice House Street,

་

A LARGE ASSORTMENT OF JAPANESE CURIOS,

The anual general meeting of the share-wide course the dangers of navigation would

|ba considerably, lessgned.

Comprising holers of The Chinesa Eng neering and Mining

-MOTHER-O PEARL INLAID PANELS Co., Ltd, will be held in London to-day, when that time, however, wers averse, from any such

and SCREENS, IVORY CARVINGS and NETSUKES, OLD JAPANESE BUD the directors' report and accounts for the finan- scheme, as they regarded the rapide nea

valuable pinlection against foreign "aggres DAHS, CARVED BRASS VASES, BOWLS sion," and woud Bot allow this channel and INCENSE BURNERS KINKOSAN submitted.

aven at the in"Long T'an_to be widened SATSUMA VASES and INCENSE BURN- beyond certain point. The fears of ERS, MAKUDZU VASES and PLATES, SILK EMBROIDERED SCREENS, KE ten years ago no longer obtain; but with MONOS and KAKEMONOS, TORTOISE- their disappearance comes an awakening | SHELL ORNAMENTS, KAGA TEA SETS, of China to the need for progress which is 'im- palling her to demand even beiter methods of transport to distant Szechuan than would be provided by an improved channal in the Upper Yangtze

EXTRACT FROM DIRECTOLS' REPORT. The net result of the year's transactions shows a balance to the credit of profit and loss at- count of £203,396, made up as follows:

Now Article 418 of the Civil Code express. The shate market has been 'unfavourable ly plates that if the fault of the creditor has during the past few days, says our Osaka con-contributed to the non-performance of thecial year ending February 28th, 1997, will be temporary, and stocks have generally, faller,obl gation, the Court may take that into con some particular lines showing a succession of sideration in determining the liability for dam heavy draps. Opinions on the cause of the 'depreciation in the market vary considerably, "Your Honour, I think it does not require but the principal factor responsible for the any further statement to show that but for the Farcing down of the market appears to be the fault of the creditor on such claim as this would anxiety fell on the Takya Stock market conever have come before you, cerning the outcome of the Government finan cial scheme. But what the actual tff:ct will be and where it will strike economic circles the hardest it is imponsibla to discero.

The Government's fioancial scheme for this year and next can be patched up in some way or another, but the Maickí thinks that doth ing could be more unique than the present state of Japaneis finance. According to the account of the Treasury for the last fecal your—as it stood ́at the end of August last--a surplus of Y50,980,000 is shown in the re venue. Even deducting Y35,000,000, the sum to be drawn for the present fiscal year, there still remains a surplus of Y15,500,000. Tying this large sum at us command the Government is eager to issus Bonds, which are authorised to be issued to the amount of Y79,810,000, and It appears that the Government is resolved that the Deposits Bureau shall undertake the issue of these Bonds to the amount to Y16,000,000 as required for carrying out the proposed im. provement of railways and the extension of the telephone service.

|

"But not contest with their abuse of privil- ge the appellauts have not hesitated to be imirch my name in the Hongkong Court and the Hongkong Press; and one paper, the South China Morning, Past, in its anxiety to promote Hessis. Wilkinson and Grist's case, even had the temerity and gross, unfairness to ask if Japan could any longer be regarded as a civilised country if she declined to uphold the validity of a judgment rendered by the Courts |'of another civilised country.

"To my mind, when litigants directly or in- directly adopt such a method as this, inspiring a public journal to insuli the Courts of a Triendly and neighbouring Power, they reveal the weakness of their own case and discredit themselves.

"I should like to state further that ther

charges made by Messrs Wilkinson and Grist for their display of incompetence in losing my cast absurdly in excess of-in fact, altogether out of proportion to—the costs paid by me to my lawyers in ingapore and Manila without question or demur for conducting similar cases and winning them. I may tale, your Horour, that my Manila lawyer's bill of colis was not more than about Yafo, whereas MesSTE, Wilkinson and Grist's little bill excends three- Montand yes. I pray this honourable Court, therefore, to uphold, the, finding of the Kobe Chiho,' aibadaho and dismiss the case with

In the Treasury account for the present fiscal year, as it stood at the end of last month, the sevenue received amounted to Y290,820,00), while the expenditure defray ed was Y113,690.00, leaving a surplus of ¥77,134,015. The war food surplus &msunting to Y163,980,00) is included in the revenue, but not a sen of last year's surplus-which amounts to Y10,980 Doɔ as mentioned~ie in-. cluded in the amount for this year. When this sum is included, there will be in the hands of the Government a total surplus of Y128,000,000 unintentionally in procedure, but I could not (including ¥77,300 000 left in the account for very well ask any lawyer to conduct a case this year). Yet the Government is resolved to against a brother lawyer. With these few re- issue Bonds to the amount of Y16,000,000

A large surplus is left in the accounts maiks 1 c nfi tently leave my case in the hands -for-the-present-fiscal year, and also last of the Court

.ment.

costs,

"I must apologise for conducting my own cast and for any mistakes I may have made

year, and yet the Government has been The plaintiffs allege that they have paid issuing Exchequer Bille-their amount is Counsel $750, the amounts and dates! hand to sued now standing at 59,400,000. When

For paying these amounts to this amount is redeemed from the surplus, the Cour. there will still be left a surplus of over

Counsel they charge $,8 or 13 per cent. ; this i Y60,00,000 at the command of los Govern submit is extortionate and. I do not believe that Our contemporary regards it as myste. Counsel would accept those fees, consequently rious that the Government should keep Exe request the Cent to insist on the plaintiffs chequer bills varedeemed to the amount of bearly Y63,000,000, paying thereon a daily producing the receipts.” interest at Ló sen, equal to 5.84 per centi per annum. The fionocial position of the Govern. 'ment at the present time does not warrant, the itsue of any more Bonds Should Bonds to the amount of X16,:07 03 be issued at the present moment through the Deposits Bureau, 21 projected, the Boads and

money in circula-

flon would of couras be augmented, to that extent, which would be exceedingly harm fal. Undoubtedly the Government is Exercising all_its energies towards amazing qatṣrgma surplus as possible in order that the heavy deficit for the coming fiscal year may be filled up," ́regardless of the excessive issue of Bonds, Great difficulty will certainly be encountered. in the financial scheme after next year, and the Oaks fournal believes that the measures to be adopted for disposing of the difficulty are likely to Cause a great disturbance in economic circlss/-/adas Gäravicle.

EXTRACT. Messrs. Wilkinson and Grist's Dill.

„Paid Counsel's Paid to 1501

festi fee him. „Twice in Nov. 15 .......... 23,05

****.. 4.02 one day.

15...... 50,094.00 16 1

**** 25.40*** 4.00 2950,00 "weat 4:00

25.03 ... 10.03. ****** 75.00 4.09

1000 4.00

11

Twice in Dec. "one" day;}"

1993

Jan.

16

H

27 ......

25.034,00

Feb.

17

2540.......... 4.10

March 11.

1

10,60 ......... 4.00.

23 km 2500, wist

25 35.00 am

June 19 ....... #5:00 ................ 6,00

Net profit after providing for all.charges in China Add balance brought forward

from last year abou Gross receipts in London

Total......

6,604 6;140

Deduct-Expenditure in Eu

cope salaries, stores, etc. 7,100 Debenture, interest ...... 15,188 Debenture, redemption. 10,000 Directors' fees ********* 3,250

ID

Totalitar

241,315

13,744

&C.,

Catalogues will be issued. TERMSA EDLÍ,

HUGHES & HOUGH,

Auctioneers,

[951

· Hongkong, 18th October, 1907,

COMPAGNIE DES MESSAGERIES MARITIMES.

It is clear that the trade of Western China must depend for its development on the ulti 453.959 mate arrival of the railway that will connect Hankow sud Chéntiu, either by way of Chua- king or direct to the capital of Szechuan from Wantsien with a branch running south to the. lower port. For the moment, however, the pro- 45.538spects of that line are as problematical as those THE Company's Steamship

of most of China's future railways. If the

zo8,396 Government and provinces concerned were

£

་

ol

40,000

in placing to reserve for depreciaton (making, total, reserve £150,000)...a uconiunonga, ko paying a feat dividend of 1s 6d. per share (free of isx) payable 2nd November, 1507 Miking a dividend of 15 per cent for

the year with the interim dividend of 61 per share paid on 1st.. May 1507...... Directors' percentage on profits in ac-

75,000

.75,000

FOR SHANGHAI, KOBE AND YOKOHAMA,

"TONKIN,"

***For Freight or Pastage, apply to

G. DE CHAMPEAUX":

Agent. Hongkong, 28th October, 1907.

[10

5.5. "TONKIN."

COMPAGNIE DES MESSAGERIES MARITIMES.

Which the directors recommend, should be agreeable, construction could be undertaken Captain Charbonnel, will be despatched for the appropriated as follows:

almost immediately, but it is claimed that it above Ports, TO-MORROW, the 29th inst., at

7 A.K. must be buill without foreign assistance. A certain sum of money bas already been raised in Szechuan for the railway under the auspices of the late Viceroy; but it is probable that a good portion of the amount has been devoted to other purposes, to Chinese enterprise in Tibel and to immo flate provincial needs, if to no less worthy objects. Some uneasiness has recently been manifested in the 'p evince regarding the fare of the capital, sub.. scribed, and proclamations are being cir culated to assure the people that all is well and that the money is intact. In the 6,849 meantime, however, the construction of the

railway, which in the most favourable circum 1tances must extend over a long period of years, is as remote as ever, and the only repre- ientative of modern methods of trapsport seen in the land is the foreign gunboat, Of these an unusual number have penetrated this year to the highest navigable points of the Yangtze On the 27th at 4.45 p.-Orders issued to hoist and its tributary streams, and it is satisfactory the Red Cone point downwards. (Indicates a to learn that at each terminus the While Ea typhoon Bouth of Colony beyond.300 miles),

sign has been seen.-N. O D, News. "On the 28th at 1.55 --The barometer har fallen considerably over Tongking and N. Annam, and a slight fall has taken place also on the China coast...

cordance with the articles of asso. ciationstje aan mense And carrying forward............'......................................... 11,556

THE WEATHER.

£208,396

The following report is from Me. F. G. Figg, Director of the Hongkong Observatory

COMMERCIAE,

'TO-DAY'S EXCHANGE,

Selling London-Bark T.T.

Do...

demand 4 months' sight France-Bank T.T.

the Paracels and Bainan, and to be moving The typhoon appears to be situated between

towards the Southern entrance to the Gulf of 10. Tongking,

་

Pucasure is high over China to the N. of the Upper Vangize and over S.E. Japan. It is low apparently over Manchutis.

Fresh N.E. winds may be expected in the Formosa Channel and rough weather over the N.W. part of the Chica Sei. ̧ ̧

Hongkong Rainfall for the 24 hours ending]

at to am, to-day, 0.76.1sch,

FORECAST.

America-Back T.T.. Germany-Bank T.T. India T.T.-tra Do. demand... Shanghal-Bank T.T. Singapore T.T...

NOTICE TO CONSIGNERS.

CONSIGNEES of Cargo from London ex

•. na; Charente and Halapan, în connection with above Steamer, are hereby informed that their Goods, with the exception of Opium, freasure and Valuables are being landed and stored at their risk into the hazardous and/or extra hazardous Godowas of the Hongkong and Kowloon Wharf and Godown Co., Limited at Kowloon, whence delivery may be obtained immediately after landing.

Optional Cargo will be forwarded on "unless intimation is received from the Consignees before 5P.M. TO-DAY, requesting it to be

landed here.

Bills of Lading will be countersigned by the Undersigned. Goods remaining unclaimed after MONDAY, the 4th November, at-Noon-will- be subject to read and landing charges.

All claims must be sent in to me on or before the 4th November, or they will not be re- cognized.

All damaged packages will be examined on MONDAY the 4th November, at 3 PiMon

No Fire Insurance has been effected.

G. DE CHAMPEAUX, Agent. Hongkong, 28th Oclebet, 1007,

(10

THE PROVIDENT LOAN", AND MORTGAGE CO., LD.

Japan-Bank T. To CHINA

491 1.091

mán74 13. prem

Buytrig.. 4'months' sight L/C.

3/1.3/16

do.

Java-Bank T.T.....

5 months' sight'L/C.........

mantha Tight

Hongkong and neighbourhood, in days sight San Francisco windo, strong; squally and showery at first, o days' aight Sydney and Me improving later...

“I months' sight France....masi 1-Formosa Channel; N.E, winds, fresh,mmibs' sight

3-South coast of China between Hongkong

syd Lamocks, same as Noja, tu

4-South coast of Chias between Hongkong

| and Haigen; N.E, and E galo,

Sifrer

(Capital Paid UF...............$1,000jooo.).

Undertakes and Executes

THE OFFICE OF TRUSTEE, EXECUTOR OF WILLS,

ATTORNEY, &c

SHEWAN, TOMES & Co.......... General Managers.

months' sight Germany, Paket!

Hongkong, band May, 1907.

‚ank of Kegland rate, Bok of Franco........

HAAKE,

WINKELMANN,

&c., &,

&c.

Prices from $750.

Hongkong, aand August, 1907,

IF YOU KNOW A GOOD

21

SCOTCH

WHEN YOU TASTE IT YOU WILL

APPRECIATE THE MANY GOOD

QUALITIES

OF

D. & J. MOÇALLUM'S "PERFECTION"

WHISKY

IT IS ALL SCOTCH AND THE BEST OF

ALL SCOTCH.

WHAT MORE NEED BE SAID?

YOUR WINE MERCHANT HAS IT OR WILL GET IT FOR YOU,

· A GREAT · REPUTATION

|| 15 ONLY WON BY GREAT ACHIEVEMENTS

D&JM CALLUMS

Pork

"PERFECTION

SCOTCH WHISKY

-HAS A WORLD WIDE REPUTATION:

FOR EXCELLENCE, OF QUALITY: FOUNDED ON THE EXPERIENCE OF ITS CONSUMERS- That is Why

WHEN ONCE TRIEDIT 15 ALWAYS] PREFERRED TO OTHER BRANDS SIMPLY A CASE OF QUALITY &

FLAVOUR

SOLE AGENTE ACNE

H. PRICE & CO., LD.,

WIRE MERCHANTE,

13, Queen's Road Central,

Page 5Page 6