1908-01-29 — Page 4

"Intimation.

THE HONGKONG TELEGRAPH WEDNESDAY JANUARY 29 1908.

NOTIUKSEM muloniioon "intended for pulloution In “Thɛ, HONGKONG TELEGRAPH” should be: nidromed to The Editor, 1, Iow House Road; und 4 would be accompanied by the Welter's Name and

Addrom,

ilmary busi bommelations should be addremod In The Manager.

A. S. WATSON & CO., The Editor will not undertake to be responsible for

LIMITED),

·ESTABLISHED A.D, 1841.

SCOTCH

WHISKY.

A THORNE'S BLEND

B-WATSON'S GLENORCHY,

F'eritottle.

$1.00

any rejected MS., qor to return any Contribullen.

SUBSCRIPTION BATKÓ (IN ATĪVANCE),

· Datty--450 per avvam, tak t WEEKLY—$13 per anatimi. S

THE CHINA PROVIDENT LOAN, The Chairman, suggested, the addition of

Mr. U Poi Os to the consulting committea, AND MORTGAGE COMPANY,

LIMITED

ANNUAL. MERTINO;

The eleventh ordinary annual meeting of shareholders in the China fiovident Loan and Mortgage Co, Ld, was hild at the offices of the Company, St. George's Building, thus fores noon, for the purpose of receiving a statemou,

M JAM. E. Machado proposed the ro election of Messra J. S. Vap Uute, Chow Hing Fee, H.P. White, and Dr. J. W. Nobla as members of the cosulting committee, with the addition of Mr. U Pol On,

Mr. Fung Wa Chun seconded.. Carried unanimously,

„Messi" "A" Q'D. Gourdin, and', W., H. Poite- were re-elected auditors, on the motion of Mr. McCubbin seconded by Mr. Teny

The rates per quarter and per maneen, proportional, of accounts and the report of the general manifThe Chairman: This is all the business-

The daily taste it delivered free when the address is accible to monger. On copie sent by post an additional #1:89 per quarter la obargod for postage, The postage on the weekly lans to any part of the

world 180 cents per quaver,. Slagle Coples Daily, len santa Weekly, twenty.

·Ova conti,"

agers for the year ending 31st Decems 100 declaring a dividend and electing consulting committee and auditors. Mr. Robert Shewan presided, and there were present Mená. J. S. Van Buren, Chw lling Kee, Dr. J. W. Noble, and Mr. H. P.. White (consulting committee), Messrs. J. M. E. Machado, J. McCubbin, E.

gentlemen. Div dend watrants are now ready

CHINA ASSOCIATION.

ANNUAL REPORT.

The nonusl meeting of the "*ongkong Brinch W. Terry, G. C. C. Master, Fung Wa Chun, R. | of" thì. China Association will be held to-

Young (secretary),

CHINA'S, BOVI REIGN RIGHTS

WITHDRAWAL OF WEST RIVER FLOTILLA

NIBINTERPRETED BY CHINESE GENTRY

[From Gur Own Correspondent }

"Cantos, -8ib January.

At the meeting held on the abih instoot at ment League in connection with the West the headquarters of the Canion Self-Govern- River patral question, telograins were drafted to be despatched to Teking and to Chiotse re sidents abroad. Appanded are free translations of the telegraphic messages 2~2.

elegraph Hancock, King Sui, U Poi On, and J. A marrow, at 4 pm, at the City Hall. Follow Agriculture, Ledustry and Commerce; ul Fin-

he“ Hongkong Cel

HONGKONG, WEDNESDAY, JANUARY 29, 1908, THE YOKOHAMA SPECIE BANK

Mellow Blend 1.95

· C—WATSON'S ABERLOUR-

GLENLIVET (Pest Whisky)

WATSON'S VERY OLD LIQUEUR SCOTCH WHISKY

AND "COTTON SPINNERS.

"

In our last issae reference was made to the

15 the period of drafts, it seems, from the sapan curtailment by the Yokohama Specie apk of

1.40

THORNE'S OLD VAT, No. 4

MUNRO'S "HOUSE OF LORDS"

DANIEL CRAWFORD'S FINEST VERY OLD SCOTCH

WHISKY

... 1.30

1.40

1.40

Our celebrated "E" Blend, very old Liqueur Scotch Whisky is a bicad of the finest pot distilled Whiskies in Scotland, specially selected and matured. It is of great age, very fine and mellow. Its superior quality has established its reputa.

tion as the

LEADING SCOTCH WHISKY IN THE EAST.

Chronicle since received, that the exten- ́sion of the business of the Specie Dank has proved a heavy tax on its funds. Sicce the Russo-Japanese war, the bank has ex tended its sphere to Manchuris, and establish ed branches in the important cities there, and this has meant the outlay of considerable sums, in consideration of which the board of directors has had under consideration a scheme for the increase of capital; but the attitude of the

Paying in the annual report :-

"BAINAM PIRACY.

་ ༥ ཇ

Telegrams.

HONGKONG TELEGRAPH "E

SERVICE

PIRATICAL OUTRAGE NEAR SOOCHOW.

FOREIGNER ROBBED. 3

“TROOP!" PATROLLING CÁNA

[Prom Our Own Correspondent.]

Shanghai, 20th January,

12.85 p.m.

Du Bose was robbed of his watch and money.

Your correspondent visited Ka-

eye- shing on Monday and was an e witness of Chiness troops patrolling the Canals,

To the Members of the Grand C; binet, the Following the piratical attacks of Ministry of Foreign Affairs, the Ministry of

aturday last, betwe nangelow and Shanghai, robbers: attacked Mr, nos; of War; of Internal Affairs; the n; w The secretary read the notice convening the The last report was issued in December

Custom Offics and Cantonese officials at the Tu Base [Du. Bose?, near Seochow, meeting.

1906, and the present in intended to cover the Capital The Chairman:~~The report and accounts peiled from then until 3 st December, 19:7. Gentlemen-With reference to the British on Sunday, for the year 197 have been in your hands for The questions which have occupied the allen-interference with its West River patrol ser some days so with your permission we will take tion of the Committee have not been of sovice, the different Ministries at Peking and them as road on this occasion. You will have momentous & character as those dealt with last H.B. the Canton Viceroy have been strong seen from them that we are able to pay our year, and to a great extent the work has con- their protest with the result, that the British oral dividend of Eight percent and add $5 000sted in giving our support and influence to vessels comprising the Flo'illa sent up the West to the Reserve Fund after writing off Soose representations made by other branches. The River fur policing purposes have now ultimate from our profits to meet depreciation of st

London Conimitice have api foliowed up their ly let the delts, thus removing the appron curities, This, I hope, you will agree with plan of last year of issuing an interim, report, slop and uneasiness from the minds' of the there is, therefore, attached to this report copies general mass, for which the League and the me is a very favourable result in a very un- favourable year for business throughout the of such correspodence exchanged, during the Cantan people are lur ever grateful. Though the Five hundred soldiers of the Pei- Colony. As you know failures in Chinese year as may be of interest to our members sovereign rights of the Government have been commercial circles have been numerous and The following are the principal subjects which restored to the Chinese Governmen', yet fanda yang Infantry have left Kashing for aro urgently required for the maintenance of the scene of the launch outrage, near our business of making, loans' has required] have came before the committee

the naval forces of the province in order more than the usual amount of thought and consideration. Whether you choose to put it down to good luck or good management the fact remains that we have come off exceedingly Government and the present financial situation well in the matter of bid dabis in a year of the owners of the Saisum for consequential on behalf of the people, nemorialised the do not allow of the immediate carrying out of

-heavy losses and unsatisfactory ade all such a proposal. This has made it necessary round, our do say of the loads now in cur for the bank to lesson the amount of money books give us any particular anxiety. In ra cision was received, with much regret by the venue collected in the provinco and remitted advanced, and, as stated yesterday, during last month the bank contracted the maximum termgard to the accounts it is, of course, regrettable allowed for the redemption of drafts from g days to 30 days. The Kobe paper explains that it is well known that the Specia. Baok enjoys the privilege of drawing money from the Bank Japan at a low rate of interest, with which facilities are granted to Japanese inerchants. The marked increase of the foreign trade of Japan of late years has caused the funds re quired by the bank-to expand yearly, and thin demand for funds has been greatly enhanced by the excess shown of late in imports over exports. It is pointed out that the Specie Bank can draw on the Bank of Japan, but such a farge amount as that required cannot be

A, S. WATSON & CO., drawn without causing an excessive expan

LIMITED,

WINE AND SPIRIT. MERCHANTS.

ALEXANDRA BUILDINGS, ifongkong, 25th January, 1908,

X

MADAME!

133

MARK THIS!!

BARGAINS!!!

Our Winter CHEAP SALE STYLISH & SMART GOODS.

FOR

11 Days Only

BEGINNING

ON 20TH JANUARY

The whole of our Winter

Stock to be cleared at

25% off original prices. Ladies' Costumes, Coats, Mackintoshes, Hats, Furs, Blouses, &c.

Children's Tailor Cos

tumes, Reefer Coats, &c., &c.

FOR 11 DAYS ONLY.

MADAME FLINT,

MÄNADERESS,

THE CITY OF PARIS,

No. 1 PEDDER STREET:

sion of the money in circulation and other. wise disturbing' the financial situation. For this reason the special privilege cannot be availed of as extensively as desired, and the term allowed for the fall-ng đưa, of drasta im general has been contracted to one-third, a course which is inevit,ble for the fall protection of the bank's interests. This course has natural- ly dealt a heavy-blow to those japanese 'mer. Chants who relied for success of the operations on the facilities afforded by the Specie Bank. Owing to the depression in business since the latter half of last year, the sile of imported merchandise has been very unsatisfactory, and many merchants have failed to dispose of their

goods within the time the drafts have matured. Now such merchants are placed in a still worse position by being compelled to find the money two month earlier than before. Most of the | banks are pessimistic as to the outlook for Imported goods, and now besitate to afford further facilities, and, the bolders of such merchandise, with the exception of those of highest standing, are experiencing, much difficulty in meeting their obligations, Export merchants are not in much better case. For a long-established usage have been placed in a instance, Chinese, merchants depending upon

very difficult position in their transactions with customers in Chiou, and, many of them, it is said, have been compelled to go to foreign binks. Our Japanese contemporaries point out that the action takes by the Specie Bank is the result of a want of funds, and the only remedy available is an increase of capital, Merchants engaged in foreign trade are mature ally hoping that such an increase may be arranged for so that the term of drafts may be repared.

Early in the year a communication WAS TO. ceived that the British Government had afia: consideration, declined to support the claim by damages arising out of the Chinese piracy of she vessel on the 13 h july, set, This de committee, as it was felt that only by enforcing an lodemaity compensation could the Provín ciat Authorities be induced to take serious measures to suppress, he piracies,

to effect an efficient patrol service. H..angelow. Viceroy Chang realising the scarcity of funds in the Csatua Government Treasury, Imperial Government for authority to ap propriale $1,000,00 annually from the res

THE SHANGHAI WATCH CLUB.

SENSATIONAL DEVELOPMENT.

THOMAS COMMITTED FOR TRIAL,

[Þrám Our Own Lorrespondent,]

Shanghai, 20th January,

12 85 p.m.

hanghai

Ivor Thomas, of the Watch Club, has been committed for trial..

that we have to provide so much to cover, shrinkage in value of our investments, but as you all know we are not singular in this respect, all stocks and shares having" sufferde from the prevailing depression and dropped in figures much below their normal value. Our holdings of Light and Power shares, however, shew a proft at 56, their average cost being about $5, and in reference to these shares would like to explain that we did not spécially select them as an invegiment for our reserve, but they came into our possession as the out come of our transactions with that Company, which resulted very profitably for us. Having the shares thus on ourhands we entmarked them to the reserve fund, but if we had had any choice in the matter we should have chosen a less speculative and more easily realisable f Chinese authorities to take up a less obstinate the Government to sauction the sppropriation that he did hold out to thi said C. S. Tung

stock for the purpose. However, we can. maka better use of the money in our ordinary business so have now as you will notice from the balance sheet withdraws thaʼibaren frop. the reserve, and will dispose of them from time to time as quickly as possibla. - You will

see that in accordance with the decision come

In considération of the fact that the British Foreign Office took a lenient view of the Chi- Dete Governmeal's responsibility is the matter, it is not surprising to find that the small claim put forward for actual damage done, and a compensation for death and injuries, is still outstanding. The circumstance: bears out all previous experience of Chinese official tactics and justifies the arguments employed by us ju representing the case to the London Branch.

Nowit only rèm síos to hopeshatilia expedient of placing a patrol of British gunboats and des- troyers upon the Delta, until satisfaction for the outrage has been given, will induce the Attitude towards this particular claim and to provide against any recurrence of the troubles which led to it,

....

COMPANIES ORDINANCE 1907.

OPIUM MONOPJLV.

the capital as its share towards the payment of foreign indemnities, etc., on order to main tain the parol service in an efficient manner, but ILE's requenthis bren refused. The an- Dual income of the province of Kwangtung is only about one-fifth of that of the province of Kinnesu, so it is quite unfair that both pro- vinces should have to semil the same amount for payment of foreign indemnities. In recent years the collection of the Carton Customs has greatly increased and revenue from other sources is also increased. Moreover, the Liang, Kwang provinces are in a state of greater danger from outside interference-especially foreign faterference and, 'encroachment on the territorial rights of the Under these circumstances we beg you, an rur half, to memorialise the Throne, requesting

by our province of the amount applied for by H.E. Viceroy Chang in his memeriál, so as to enable us to carry out the patrol service in a more satisfactory manner, and fur, which the

provinces.

(Signed), CH KI KIN,

CHAN CHANG-PO,'

of the Canton Sell-Government League, The telegram to the Chinese residing in for-

Ivar Thomas, of 44 Ha'ning Road, Shanghai,

was charged on the 23rd ins', before the Actiog Police Magistrate, for that he being the owner or pait owner of the Shanghai Watch Club on November 30, 1907, and December 7, 1907, did obrain from one C. S. Turg the sum of $18 by false presences, inch false pretences being that if as a member of the Shanghai Watch Club the sald C.-S. Tụng should draw a wins sing number and that upon making demand for a watch he would be entitled to a watch valued a 50 that the said C. S. Tung did on December 7, 190", draw a winning number and that upon-making demand for a watch lön January 11, 1908, he was unable to obtain same.

\{Reuter's,]

Asiaties in the Trausvaal.

London, 27th January, The Daily Telegraph states that the Joban. nesburg Government realising the seriousness of the situation has decided to reconsider the whole attitude towards Asiatics; to appoint

At the suggestion of the Shanghai branch people of the whole province will be very representations were made to the local Govern-gia-eful, ment for several alterations in the proposed to at the meeting of 26th October last we have Ordinance, which have been practically adopt- purchased the propasty known as the Po Uned in the Ordinance as passed. or Kung Yik Godowns for $850,000, plus $4,250 Court Fees, Legals Expenses, etc.

A leuter was received from the ɓyus interest-eigo countries is similar in tenor to the above From all we have seen of the business so fared in the opium business calling atention to but at the same time a request was made to we are quite well pleased with its prospects, the fact that monopolies were being establish them to unite in cabling to the Imperial and feel satisfied that we have made a very ed at Nanking and other places in contraven. Government with the hope that this joint ac good bargain in your interests, for anyone who tion of clauses V and X of the Treaty of tion will bring matters to a satisfactory ending. knows anything of the value of property in Nanking of 1842, The Shanghai branch had that district will tell you that the price paid is already despatched the following telegram to & very low one. To cover interest on the London on July 19h:- Ara „informed cost we have a steady incom: from storage, Viceroy of Nanking, arranging opium mono- The chief officer of the 5.4. #fave writes to | * Supreme Court Judge to examine into the which we feel sure we can increaie, poly account Chinese Governtieni. China the. N. C. D. Nea's on 23rd inst.:-This after-objections to the Registration Act) to devise need has enlarge upon the advantage of

Association Shanghai without expressing | noon (Thursday) as the's.s. Hors was swinging a system which will not offend the susceptí- strong to her moarings at Kinleeyuen Wharf the rope bilities of the Asiatics, and if necessary lo now having the goods upon which we make opinion opium question desire advances in our own care in our own godowns, protest Foreign Office against menapely attached to the Wharf struck a Chinese, capsiz make amendments to the Act next session. To provide for the purchase of this propertyApply David Sassoon & Co full particularsing him into the river, where he would have

In the meanwhile the Act will be in abeyance and prosecutions cease..

The committee resolved to wire London sup. porting the Shanghai elegram and also to up port the local Chamber of Commerce in the action they were taking on the same lines.

INSPECTOR GENERALSHIP OF CUSTOMs. In view of the reported retirement of Sir Robert Hart and the appointment of his suc cessor, this commitee joined with the Shang, bai branch in representing their views to the London Committee.

TIENT IN JOST OFFICE.

“A PLOCKY RESCUE.

been drowned but for the assistance ofa Customs officer, Mr. O'Kane by na-re, who, seeing this bappen ran to his rescue and at great pesit to himself climbed down a chain anchor which was fastened to the pontoon, until he reiched the level of the water, and grabbed the Chinese by the fort, hauling him to where he was cling ing. He was then assisted by his brother officer, Mr. Fenus, who with great presence ol

mid made a running loop out of a rope which

| Later." Reuter's Agency in Pretoria wires that Mr. Smutta declares there is no truth whatever In the Telegraph's statement re Asiatics in the Transvaal.

Turkey and Persia,"

A Russian telegram from Tabriz states

be reached to O'Kane who passed the rope that Prince Firman Firma bas evacuated

the paid up capital of the Company was in creased to $1,250,so in accordance with the resolution passed, on 16th October fast There is only one other matter to which I think I may refer and that is the low market price of our ahares. It is not a matter that comes within. the jurisdiction of the General Managers, but my attention has been drawn to the point by shareholders who have asked me to give you my opinion at this meeting. All I can say is that consider the shares are quoted at much. below their real value is not as if our pro-" 'On the threatened closure of this office by round the Endy of the Chinese, who was then | Sub]hulak, · · fits were problematical or our business specythe Hongkong Government, a communication--hauled-on-to-the ponton again...This was. lative one. All our advances are covered, while was received from the Tientsin branch of the witnessed by thousands of Chinese, officers of in the case of Provident Loans the margin of Chinn Association, asking this committed to the Worm, and Harbour-Master who can vouch A gale has been raging at Port Said since security increases with every monthly payment, petition agalost such closing, or at any rate to for the truth of this statement. I take this Sunday and much damage has been done; 'THE equipment and armament of the new At the most the greatest risk you'run is of in ask for an extension of time until the outward opportunity of bringing before your notice Chinese gun-boat Kingen built at the Ka-error in judginent on our part in advancing too mails had arrived which were pasted at the rate Mr. O'Kane and Mr. I cous who are certainly wasaki Dockyard, having been completed, the much on the security offered, but considering | applying to the British Empire dependencies." deserving of promotion after to-day's proceed. vessel proceeded to Kii Channel on Tuesday how our advances are scattered the risk The committee were informed by the Gov. | ingk."" for trial of the guns. On the 17th instant an in that way is reduced. 10. A minimum, crnment that the reason of the closure was a official trial trip of the gun-boat was to take and so far although losses are to be expected financial one, as the estimated lous would STUDENTS from side diffrent countries have place off Kobe. The vessel will leave for in every business ours have been few and far be about $7,000 a year, and it was felt formed an interesting club at the University of to aliout 1,1 0 0 barrels, the producing China by the end of this month.

between and very slight at that. I have co by this committee that it would be polair Chicago and have elected a Chinamas pre- capacity of every crment company,, belg desire to boom the Company's shares, for that to the Hangkong taxpayers to ask them sidest

· LOCAL AND GENERAL,

you will remember that those assets are liquid or easily realisable, and not suck in plant and machinety or unsaleable stock you must agree with me that ours is one of the gooodest and saʼast stocks in the market, and should cer

·CHAIRMANSHIP.

Gale at Port Said.

the telegrapherre interrupted and the Canal traffic suspended,

THE total monthly output of cement in Japan, which was not more than 6 pp); barrels two

or three years ape, a believed to have increased

V. V. Hu is the head of the new increased by so per cen. The industry was organisation. The countries represented in the club are Chias, Japan, India, the Philip pines, Russia, Norway, Germany, France, and the United States. The students, it is said,

encouraged by the recent activity of water power electric works. Now the import of cement is materially checked. By the francist depression of la'e business activity has died.

THE work of salving the goods not destroyed is an operation that always recoils on the heads to pay this loss, the more so the by fire and water in what was left of Messis, of Directors and Managers, por can 1. pro- Hongkong Past Office would probably lose Burkill & Co's godornat Shanghai, was begun counce an opinion as to the true market value $ton,ooo by the recent decision of the Postal on 23rd inst. by Messrs. L. Monre & Co. The for that depends on supply and demand, and Congress to raise the weight to be carried for work is attended by considerable danger and we all know that the demand is poor just now, rd, to 1 oz, ete. It is satisfactory to note that will speak Esperanto at the club meetings.", away however, and the cement companies diffecully, as the walls and remaining floor are but if you will look at the figures you will ste the Tientsin Municipal Council has guaranteed A KOTE of censie was proposud in the Japan.newly promoted bave delayed the construción. in a precarious condition, and notwithstanding that intrinsically the shares are worth on a the deficiency for a year, and that the office is ese House of Representatives on the subject of of factories, while the older companies have the large quantities of water that have been division of the assets at least Srt each, and if to be kept open for that period. In the mean-financial responsibility, bui rejected by a Min reduced output and are now watching the poured on the burning mass during the last

time Tien sin branch is bringing the matter isterial majority of nine after a prolonged de progress of events, three days, flames still break out at intervals,

before the sparing good any deficit, and in bate. Marquis Saionji's reply excited widely A PEKING Correspondent writes to the affect to the latter Contrary to general impressions, a large, par-

this they have been assured of the support of expressed praise. The failure of this move is that the saws of the proposed reorganization of tion of the contents will be realized upon.

this branch.

the political game is gratifying from the goon be Navy and the purchats of now ships and rat point of view as it frustrates certain designs | guns has caused British shipbuilders, etc, to The Royal Insurance. Ch. (Meisra, Melchertainly ba in better request.

of great importance at the present critical foss no tinsă în bidding for tenders, i In tha :& Co, agedis), and the Meiji 'Fire Insurance and Nippon Fire Insurance (Mitsui Bussan

meanwhile, however, similar tenders have been jancials. Kaisha, agents) bave issued their calendars for

THE export of coal at Moji for last year majn, pouring into the Waiwupu from shipbuildem Chinese constituents in the characteristic Chi-

Mr. G. C. C. Master seconded, and remarked mittes. Mr. W. A. Cruickshank left for bone, taipeda tendency to increase, Total ship and marcinctur rs of arms of the other Great nese design. The Hongkong Printing Press that shareholders would be pleased to know and Hon. Mr. Heary Keswick las: taken his ments for aboard last year, amounted to Powers which has embarrassed the Authorities has sent us some excellent specimens of the true position, of, the merket valus of the place, The Committee how consists of Mr. 1,750,pas tous, and shipmeats to othe

ports la not a little. There is, therefore, consid chromo-lithography printed by that firm of shares as given by the Chairman... Personally G. Word (chairman) Hon Mr. Beaty Kes Japan teached 1,249,153 tons, showing an ip indication as to which country is to

wich, fins, Mr, B.Osbome, fessza. D. R. Law, leg of Chinese calendars. The H. A... After the chairman's statement he felt the Cousland (hom secretary), printers, who maku a special feature, in the be thought the shares were quoted rather low G. H.Medburit, H. H.Tomkins, and As. Cres of. 140,$35 £ops in the former and of with the work of furnishing the wall calendar, with tear-off block shows the money of widows and orphans could be iss picture of the famous as. Deutschland on the - Gested in the Company with safety. back ground.

Carried uzat

There were no questions,

The Chairman proposed the adoption of the report and accounts as presented,

On the departure of. Mr. Murray Stewart for home in April, Mr A. G. Wood' was elected in

his place. COMMITTEE.

There have been several changes in the com-

/accounts/show

woop: 620sy tons in the latter as compared with,

proceding year. Pric "however; male