1908-10-10 — Page 4

368

ARE THE DALAI LAMANGA

via:Telegrams from Paking announce that a most interesting: personage assired yesterday "afternoon (Sept. 18) in the Chinese Capital-- :the Dalai Lama. · Evor since the political mis-

in

The position of the Dalai Lama in the Bud dhist theology is not very clear. The claim "made for the Dalai Lama is that he is the ra

incarnation of Buddha, and if that claim was admitted by all Buddhists his position and in fluence would be immense, and he would-in-that, case be the acknowledged supreme bead of the Huddhist faith, a cult which-numbers followers estimated at anything from 100,000,000 10, 400,000,000. But the Dalai Lama's claims are apparently too fantastic to be admitted even by

THE HONGKONG TELEGRAPH SATURDAY OCTOBER 10 1908.

SHIPPING SUBSIDIES

IN JAPAN,

MA, KONDO INTERVIEWED,"

The European lico, 13 vessels; Jan, 1900 to The Seattle line, Nay, 1903 to Dec. 19:9; 3

Dec. 100g: Nippon Yusen Kaisha. varsels Nippon Yusen Kalsha. The Australian line, April 1938 to March 1913 13 vassals, Nippon Yesen Kaisha. The Far Eastern line, Oct. 1937 to March (1912; 11 vessels; Nippon Yusen Kaisha. The Japan Sen line, April 1907 to March 1959; 2 varsels: Nippon Yusen Kaisha, The Tairen line, April 1907 to March 1913;

Oaks Shoren Kaisha. The Japan Sea line, April 19.7 to March

1910; a vessels; Osaka Shosen Kaisha. The San Francisco line, April 1900 to "1909; 3 vesels; Toyo Kisen Kaisha The China line, April 1907 to March 19711

18 vassals; Nisshin Kisen Kainba.

4

zod ball

zod hall 1956-1st half-

9,335,000

THE IMPORT TRADE;

OUTLOOK IN 'SHANGHAI,

-

The respect existing amongst the Chinese for "ancient and boly" things explains the re markable preservation of many monuments in China. Much however finds its billet in some common utility and monuments of rare valus often disappear into walls and foundations or ard broken up. The Chinese have therefore found it necessary to rescue their monuments.

The ancient sente of leaming in China con- tributed to the preservation of antiquities. At Paoting-fu, in the celebrated provincial college destroyed by French soldiers in 1901 was a collection of ancient stone monuments. It was to one of the few structures left standing after the troops had finished the 1900-! camp fires.

In the Confucian temple in Pering are pre- served the famous stone drums of hallowed age.

EVIDENCE THat the chineSE TREASURE ANTIQUITIES.

+

_CHINESE_VANDALISMI—————

CHINESE FINANCE.

avail

THE PRESIDENTIAL CAMPAIGN EMONUMENTS IN CHINA,

Although the two principal American Con the plasa in front of the Telow, in the Zoologi tiaue to improve as long as the nation is allow Two handsome gilt bronze tions ornement The prospects of real reform in China con- Ong of our local contemporaries published anventions bad dominated their candidates nearly cal Gardens ontside the Shi-Chia men at Peking, ed to Lamiliariza itself with the prot nion of Colonel Younghusband, with the mill the vernacular Press as to the advisability of tion were given, but one rather carious error presont month. The intervening weeks have buried in 1860 06, the approach of the Allied and it may be donated whether any official,

Considerable discussion In still going on in article recently dealing with the import trade : threa months ago the presidential "campaign" "A curious story is connected with them)-AQ | morement ? withoutƐ prúroking)

some excellent ideas and much useful informs- did not fairly open till the beginning of the cording to official reports these lions, the pro reactionary setback. Already i clear fary sscort under Colonel Macdonald, entered abolishing the special bounties now paid by was made: It was stated that the old beary seen the Conventions of three minor parties. Troops to the Summer Palace. Some time however highly placed, would reature

temple in the western hills, were reform talk in de rigur among all classes, Tibet and approached the mysterious city of the State to various shipping companies. The stocks of nearly all articles had been slowly of these the Probibitionist nomication is inter after the operations of the Allied Troops in 1900. Lhasa, in 1904, the Dalai Lama has bean lines on which bounties are paid and their but almost entirely cleared, China was,.com fugitive from his country, and has been wan-

straight-forward denunciation of the movement dering in the remote parts of Mongolia and terms of contract are as follows

pared to a convalesceal who had passed, "esting, since, although the party has no chance foreigners learned of the existence of theas Per The Throns shows Titles inclination to Western China, while the rains of Gor

through the crisis. While it is not desirabla of securing Mn E. W. Chafin's return, the fact sculptures and through the counirance of Chi follow the example of Sultan Abdal Hamid by ernment · have been held, in ́bis absence

gloomy light, the reverse would be equally is evidence of the great progress that pro official of the foreign office who rescued them. to rep esent local conditions in an unduly that it could set a candidats before the country use endeavoured to get possession of them bizarding an experiment in Immediate repres by: Bis | fellow Pontiff, the Tashi. Lamią, -

The matter was brought to the attention of an sentative, goretameal, for which Chisasi. The Dalai Lama bax baan 'accompanied in

harmful, for Home papers are always seady in reproduce extracts from newspapers in the bibition has made during recent years in Alter more than forty years of barial the gilliberal elements in the country refrain from eminently less fitted than. Turkey ; and if the his travels by an immense staff of Lamax. and extraordinary reports of the doings of what

Far East. The consequence of an article, America; no loss than a third of the United has nearly disappeared but they are splendid forcing the pace, actual progress in the pre- such as the one referred to, might be, that i appears to have been an ill-regulated borde of

batch of commercial travellers at once would

Stater in said to be now subject to pro objects and are of a more realistic sculpture. : liminaries to reform, may gradually be achiev. priests have occasionally filtered through from

be sent here where they will art be needed for bibition laws. The Socialist Labour party seen in China. They are said to be fadian, found no means for co-operation to the extent than the lion and tiger sculptures commonly ed. at present, the advocates of reform hava These remote regions. There can be no doubl

many months, at least. The fact is that the brought itself into deserved ridicule by nominat They remain to be accurately identified. that enabled the Young Turkish Fatty to that the entertainment of the Dalai Lama and his entourage has been a most onerous chargo

stocks in Shanghai approximately are sufficienting a man who was actually serving a term of At a small villagüion the Yellow River near itself as an organisation of the sweeping con on the Mongolian Princes and Governors whom

for eight mouths; with goods held in the in- imprisonment, and hance was disfranchised the Lu-ban railway crossing are being dog up cessions suddenly granted from Vidis Kiosk. he has honoured with his presonce, and each

terior and those about to arrive added, there even if he had been otherwise at liberty to from time to time large hollow bricks measur In some respects this'lack of colission among host appears to have soon tired of the great

would be no danger of muy real abortage oc stand for election. Of the Todependent Demo ing three and one-half or four feet in length by Chinese reformers is fortunate, for it must post- privilege accorded to him by the advent

Dec.curring even if na fresh orders were given until crats who, under Mr. W. R. Heart's energetic 18 inches or 20 inches wide and 5 inches thick pose the possibility of that precipitats action of the Dala! Eams into his territories,

y

[next May,

supervision, obediently nominated Mr. T. When struck they give out a mellow roging which at the present juncture might.com. and to have hastened to pass' him, on

During the last year the statement has been || Higsen, a Massachusetts merchant, and Mr. J. sound and are called by the nativen musical promise the cause. At the same time, the to his neighbours. The Chicase Govera

made and pablished several times that im T. Graves, editor of one of Mr. fleurst's papers, stand bricks. They are believed by them to absence of an organized progressive party mant, ever since the British evacuated Lhasa,The contracts for the grant of special bounties porter considered a ten months' supply was we shall speak presently. Meanwhile neither have two holes about 2 or 3 inches in diameter in "China" must pralang indefnitaly, baye nor ceased to urge the Dalai Lama to in respect to the European, Beattie, and San not too heavy for such a market as ours, One Mr. Taft nor Mr. Bryan has baan idle. The in each and which might have been for joining period during which the countrywill be Francisco lines come to an end in December importer went so far as to say that short stocks former has been spending a nominal holiday them together. They are ornamented with a striving after reform without method and return to Tibet, but till recently with little anccps. While he was resident at the sacred

next year, and several publicists are strongly (say two months) would be a real danger and at Hot Springs, Virgiols, during which he laid geometrical pattern on the face and appear to without result. The institution of provincial mountain of Wataishan, however, the Dalai urging the Gavemmest not to renew the con

famine prices the consequence. Experience himself out, to win the Southern yote with have been and as a freizs. Chiness antiqua assemblies, if carried into effect, may create the Lama appears to have been convinced that his tracts. Mr Kondo, President of the Nippon does not support that vinw; but it such a con: such good purpose that he brought away ries who bave interested themselves in these nucleus of a party, which by its pamerical turning to Lhass, and he decided to go back subject, remarks that so far the Government aity would be presented for the piece goods in West Virgiols, and a Jeving cup presented them to be relics of some ancient palace. They itself a voice in antional affairs, Until such a safety would not now be endangered by re. Yusen Kaise, speaking with reference saient un acu were pasient dat a grant opportus West cup, prospert bricks assign no date to them bist suppose strength and political intelligences-ills in for to Tibet. The Chinese Government then ap. has not expressed any opinion as to the renewal firms to recoup the heavy losses of 1907-8. But by the pauple of Hot Springs. Within a few days are very fine and specimens sent to Paking are

party axlits, the work of reform bids fair to re- parently considered that it would be advact of the bounty contracts, but Mr. Koudo asserts why should the Shanghai market be thore from now he will set out on a four weeks' tour in perfect preservation. Some are larger than main in its present lochoate condition, relying geous to have the Dalai Lama visit Peking be that these various lines cannot be maintained able to carry heavy stocks then markels else to stamp the country. Mr. Bryan certainly has those described. A metropolitan official has an the disjointed offorts of few individuals, fore proceeding to Tibet, no doubt with a view without Government subsidies. In the event where? Shanghai is not a place where large bad enough to occupy him in endeavouring to two of these smaller ones in his house in Poke whose influence, in existing circumstances, li ji to convincing him of the necessity of in future of the Government stopping its bounty, there stocks are consumed: it is a diatributing reconcile the conflicting elements in his owning and two larger oss at Tientsin. acting in accordance with the Suzerain country's late, we shall have no alternative but to discentes; its business is to supply to all the small party. For whereas the rejected candidates of

sentially precatious, while their capacity for |-initiating a practical, programme uf, cational interests, and, as was announced, to tirge him continue thead regular lines. Uf course the er outside matkets the goods required. The the Republican Convention have since fallen

reorganisation in limited by inexperience. to assist the Chinese Imperial Commissioner Osaka Shosen Kaisha or any other com-ideal state for such a market would be to carry into line behind Mr. Tall, Mr. Bryan, who had

In no particular`dous China feel her fack. be carrying out of certain reforms in the pany will not be in a position to take up the no stacks at all, but to transfer all arrivals at no serious rival for the Democratic nomination,

of practical statesmanship more than in re government of and organization of the country, services, as they could not be kept up with a pocs to the interior. Like most ideals this one would appear bevertheless to bave met with

gard to: • the question of fasace. It open more especially the establishment of telegraphs proft, The result will be that Japac's mari.is impossible, although the requirements of the considerable opposition in the party, of which

to the shrewd head of any other Depart and the construction of roads. At first the time industry, which has been fostered at the consuming centres are fairly regular. Demand opposition the chief section consists of the

ment of State to acquaint kimesil with an out- Dalai Lama appears to have easily consented expenditure of so much money, will be aban occurs at the two seasons when new summer Cleveland wing headed by Senator Alton

line of Western methods of conducting his to visit Peking, especially as he was informed doned to encroachment by foreign competitors." and sew winter clothing are required. It Parker. Mr. Gompers, the Labour leader, has

spacial business and he will have no difficulty that he was to be treated as a sovereign prince, the Toky salt says that, as has been explained perfect basin, because the business is done by Labour party as a whole is by no means united Reverting to the discussion of this subject, would be impossible to regulate imports on a declared emphatically for Mr. Bryan. But the

in drafting a scheme of eminently practical re- but later be repented his decision, and un-

forms on those liner for submission to the cousionable delays occurred on his journey in previous issues, the shipping subsidies in so many people working independently; con in this adherence; and so the end of September

Throne, in most instances his claim to fams to the Chinese Capital Ultimately the this country are defeating the object for which sequently there always will be a certain amoust fads Mr. Bryan, like his rival on the eve of

will rest on this one act, for it is improbable Dalai Lama and his aliendasis reached Tai, they were instituted owing to the defective of stocks, not wanted at the moment. And starting to tour the country in pursuit partly

that he will be called upon to carry his schame yuanfu, when the Governor of Shansi, find methods employed. This is clearly shown by these ought to be kept as small as possible, of the Labour, partly of the negroes' vote.

iplo execution. With the would-be reorganizer ing that the expense of their entertainment looking into the financial condition of the sub

in view of the fluctuating currency. With a One thing however is clear; that if the

of Chinese finance the position, is entirely was considerable, the conduct of the attendants sidised companies. The business receipts and drop in silver such sa.we are now experiencing Democratic leader has had obstacles to

different. It is not merely a question of intolerable, and the probable cost of the con subsidies received by the Nippon Yusen Kaisha only a decided scarcity of goods could rule overcome where they are the most difficult to

breaking down tradition, but, thể far, mara- vayance of the party by chairs, and coolies during the last five years are shown below - prices up to a payable basis, Large stocks of ment, bis prospects with the country at large.

serious consideration of having to strike at... alarming, decided that the remainder of the

"Business

goods settled at a higher rate will make impos.have certainly improved. In the State elec. Edkins says: "Part of the stodes of the the vary foundation of all existing methods journey must be made by rail. The Dalai

Receipts. Subsidies.

sible for months or years the sale of new goods tions of Vermont which have invariably white Pagoda hill in the I-ho-yuan or Hsi-yuan of administration that deters him. Never Lama at first balked at this proposal, but the 1903-t half. YB,681,000 Y1,855,000 of the same level which have to be settled at indicated the trend of the greater campaign, in Peking ware bmaght from a mountain in

theless his work must precede any attempt to Governor remained firm, and, the former ruler

2nd ball

2,770,000 much lower rates. Thus when importers must the Republican majority was reduced to 28,000, Hocan province by the Kin Tartars. A large effect real reforms in other Departments. of the one time mysterious Tibet had made his

1904-1st half

,8,803,000 3,018,000 sell (which is always the case with some hongs) the smallest majority known in any presideali urn of earthenware for fish-a relic of the Mon-To-day we see a large number of admirabia first railway journey and is now in Peking,

9,851,000 628,000 disasters are the natural consequence, Ital election year since 1892; while in Mains the gol period a feet 5 inches-in lbs 1-ho-yoan reigema outlined in memorials, but notil there where he has already had a barbarically mag.r935-261 half

10,200,000 £27,000 would not be going too far, perhaps, to say Republican Governor was returned by a plural was lost, but later recovered from a palace

is monny in the Imperial Treasury with which nificant welcome, and is apparently to be

$1,335,000 $73,000 that of all markets in the world those of China❘ity of 8,000 votes only, a drop of 20,000 since templa in the west city where its value was

to carry them through they can have no exist treated during his stay with exceptional,

11,691,000 $16,000 in general and Shangbai in particular are the the year in which Mr. Roosevelt contested the unknown and where it was used as a vegatable ence except on paper." At every turn China in bonours.

2nd half

9,719,000 2,156,000 least able to carry heavy stocks.

Presidency. Finally we are told of alarm at receptacle. It was bought by the Emperor for feeling the stringency of bar fionacos. The 1907-est half ...................... 10,074,000 2,599,000

The question then arises as to what méthed the growth of feeling in Mr. Bryan's favour in 1,000 taels?" "At another building in the Hui-·

most crying need of the country, education, is 2nd half .................... 11,376,000__2,621,000 could be adopted to prevent accumulations of New York, without which State it has always yuan-are-eleven-bells-of-the-Chow-dynasty thwarted by lack of funds at all but the chief- [The reason that the amount of subsidies stocks... More than one attempt has beco made been known that the Democratic candidate found buried in the earth io Kiangsi province centres of population; for in this one direction shows a considerable decrease from the by importers to arrive at a satisfactory arrange. cquid never hope to rival the Republican. It in the middle of the igth century and conse- foreign assistance would not be rejected, if

ald." second half of 1904 to the first half of 1906 meat, but none has boca deduced, so far. Bar- would be rask to prophesy from these events quently about 2,000 years

money were forthcoming to procure lu In m- is because many ships were-at-that-time-gaie money for new orders cannot be obtained; and surmises. The only safe deduction is that.

gard to other requirements communications, requisitioned by the Government as trans for the very best Chinese hongs are neither Mr. Bryan has materially lowered the chances

the army and navy, Industries; all as educative poris,]

willing or able to pay bargain money and against him; and as nothing succonds like

Intheirway asschools-prejudice against foreign foreign merchants are always quite ready to success, it is found that the fact of bis having

capital acts as an additional deterrent, for the book their orders. At the present time all the twice suffered defeat in past years, which at

necessary money does not require to be raised - second and third-class dealers, being bankrupt, one time most seriously militated against his

locally. Gradually, however, the Chinese Expenditure. Net Profit. are not likely to causa much trouble in the hopes of succent, has now begun to tell in his

themselves are realizing that foreign capital la 19,304,000 ¥2,233,000 future unless absolute carelessness is shown in favour. To be twice defeated and yet to face

capable of judicions exploitation without dan- 9,116,000 1,589,000 dealing with them.

battle undismayed is a strong" argument with

or to "sovereign' rights". Big railway loss 9:352,000 1,169,000 The new system-il que can be evolved the pappia en mases, more governed by seat

are being placed abroad in spite of patriotic 9,049,000 1,431,000 must be a natural consequence of present con- ment than by reason. More than this Mr.

protests, and our Wuchang correspondent 9,142,000 1,485,000 ditions, for foreign banks and exporters at Bryan enjoys the obvious advantage, in politic

speaks of a possible accommodation from a 10,283,000

1,535,000 home have had a lesson that ought to make si warfare, of being the one to attack while Mr.

foreige baak for such an unproductive purpose 10,093,000 2,224,000 them more careful, too, in the future, There Taft must remain to some extent on the de

| as 'manœuvres." But sooner or later foreign 10,585,000 1,244,000 are from ten to twenty reliable Chinese dealers fensive What the position of the two can

capital will be closed to China, unless sha; in 12,233,000 1,180,000 left in the market; they will give their orders didates in this, Mr. Bryan has the additional

capable of producing-within-her-own-border- 20d-ball 13,639,000 1,150,000 to some of the hundred of more importers, and strength of being an experienced campaigner

commodities that will pay for this steady stream [The expenditure above given includes the the foreign hongs which do not participate and a terse and brilliant speaker, whereas it is

of imports. Cost of repairs, insurance, and depreciation in these orders must either close their piece. complained of Mr. Taft's speeches that they fudd.)

goods trade or carry on speculatively. It are prone to be long and ponderous, and the remains, therefore, for importers, whether they course of his career has gives him but little ex- import goods for Chinese or on their own perience of American political workings. account, to watch the market closely and not Should Mr. Taft reach the White House, this to order any goods that cannot be disposed of, laexperience. tells in his favour since he will beyond doubt, on arrival. To be able to do be the less biassed by considerations of this both knowledge of the details of the market caucus and party feeling. But in the pre requirements and judgment ale necessary; liminary campaign he loses not

little 'in and without these qualifications no one can ex-comparison with his prictised and agile oppa... pect to carry on irade successfully in this pent. Mr Bryan has already scored one not. market, and avoid becoming the prey of travelable point by the speech at Des Moines in lers, compradores' shroffs and weak, dealers which he attacked the tariff question. Both The one thing, we may reiterate, is to avoid parties have declared for revision in this par- accumulation of stocks. Shanghai cannot iicular. But while Mr. Bryan lays it down that carry stocks on account of the currency.-N. G; the tariff must be framed for purposes of revs D. Neios,

ave only and not of protection, the Republic ars would admit "a reasonable profit to Ams rican industries." In other words, Mr. Bryan not unreasonably replies, a certain class is to be favoured at the expense of the whole people Had the issue remained as clearly defined as this, the struggle might indeed have been a close one. That President Roosevelt WA becoming seriously uneasy may be gathered from the fact of bis throwing off bis Interesis to make a personal appeal to the La- earlier pretence of aloofness from Mr. Taft's last year, many small banks have failed in Tok

bour party for its support; while later telegrams indicate that he has practically taken over the io and in the interior, and there are some pri

control of Dr. Taft's campaign. But the whole vate banks which are still in a very unfavour. able position, says the fafun Chronicle. It has

course of the fight has been thrown, at least been suggested in some quarters that the

temporarily, into costasion, by Mr. W. R. existing Banking Regulatious should be

Hearst's sensational revelations of the number amended at the same time as the financial consolidation is effected. It is held shut the

allowed themselves to anger gold of the Trusts of prominent men of both parties who have Jallure of the small banks must be ascribed in

Hitherto the Republicans would appear to have, some measure to the peculiar circumstances of

suffered worst by the disclosures, Senator the time, but it wasdelen, due in part to tax,

the effect of this move is said to have been Foraker has been thrown overboard, although defectiveness of the Banking Regulations, A Tokyo despatch quotes some remarks by

marred by Mr. Taft's subsequent reconcilement Mr. Wakatsuki on this question. The amend-

with him; and the President has issued mant of the Banking Regulations, says the

a statement admitting the correctness of Mr. ›Vice-Minister of Finance, has been under con-

Hearst's statements. Mr. Bryan made some sideration for a long time, and from time to

show of fight on behalf of Mr. C. N. time attempts have beca made to effect a modi

Haikall, Treasurer of the Democratic party's fication, but so far without success. But tha

There is no doubt that there is a marked funds; but, as ons of dur talograme informed motives which have prompted the Government

stagnation in the trade of Bangkok. As a re-us yesterday, the Treasurer has had to go. On to seek to amend the Regulations are quite

sult freight competition has been keen. the whale frankuess before such charges is the different from those, suggested. The stability

Freight to Singapors which was saj dollar best, because it was the only practicable policy; of banks depends solely on the management of a-protected ships and generally interfering Cepts, before, has fallen to 15 which is Messm, but it must have been a strong temptation to of carb bank. However perfect the spat with the free development of the thipping Windsor & Co.'s tales for the N. D. L. line, igoare them altogether. Neither party can have ing Regulations may ho they cannot prevent industry in this country. All this is attribut. Chistle firms were, we learn, the first to re- Talled to see that Mr. Heast is playing entirely bank failures. Depositors should be advised

or his own hand, Indeed from all that is to carefully direct their attention to the map able, concludes the Asahi, to the defective duce the rate. They lowered it to 171 cents

known of him it is difficult to avoid she agement of the bank and do business with those working of the subsidy laws, which require per pical

The freight for Hongkong has similarly fall- suspicion that be cares little for the ethics institutions which are conducted on a sound urgent amendment so as to cut down the ex

more reasonable figure, and ea from about 30 cents to 25 cents.

of the question he has raised, so long as in an adjoining room, and among many of the 300,000 shares of Ticals to such subscrip- in the views by the Japanese and by Euro-lea to achieve the ends aimed at by the State Bangkok Harbour to the outer anchorages at cans and Democrats, alike · for the por silver ten sef from the officers of H.M.S. Flora, upon which the first call, of 40 per cant has basis. On this matter there is a wide difference penditure

The above fieights include lighterage from he may blacken the characters of: Republi beautiful gifle the most noticeable were a tions have been received for, 100,000 shares peans and Americans, la Europe and America in granting these: sums of money to the ship. Angkin and Kohɛlchang which, is 7 cents par, sikla benefit of the Independent Democratic | and a silver kettia from the bride's colleagues boon paid. The main question, before the depositons prefer those banks which are placed ping companies. Japan Chronicle.

·

"The expenditure and net profit of the com. pay during the same period were as follows:

1973-151_half

2nd half.. 194-18 balf zud half

and half

2nd half....... 107—2at hal

ballevers in such a fantastic mass of supersti- . tions as composes Buddhism, for the entry of Colonel Younghusband's force into the sacred land of Tibet brought an protest from Budd. bists as such, and the flight of the so-called head of the religion caused lit.le disturbance to 19.5-30 hali the faithful. The fact is, of course, that the Dalai Lama is only really acknowledged Poo-1906-1st half tiff ip Tibet itself, and even in Tibat his posi tion-is-somewhat doubtful, The Tasbi-Lama, It is stated, has equal powers spiritualty, and he is ́also claimed to an re-incarnation. His Lamporal power in Tibel is not quite s0 great as that of the Dalai Lama, but it has been considered by the British Go. vernment sufficient to warrant bis being recognised as the de facto ruler of Tibet in the absence of the Dalai Lama, and con- ventions have been made with him on that footing. What effect the return of the Dalal Lame will have on the carrying out of the trade and other treaties which have been concluded between Great Britain and Tibet remains to be seen. The Dalai Lama's flight may have resulted in discrediting him somewhat. Apparently, however, the Chinese Government anticipates that he will return to Lhasa with practically unimpaired influence and authority, It is understand that Chinese influence will be used in the direction of restoring Tibetan ex- clusiveness, so that the prospect of increased trade and Intercourse with that country in the faturs is not very hopeful.—Shanghai Mercury

JAPANESE BANKING

REGULATIONS.

Since the advent of the financial depression

As will be seen from the above, the Nippon Yusen Kaisha would sustain a loss of two and a half million yea or thereaboot every year if unassisted by subsidies, At any rate, it is clear that the profit of the company is decreasing year after year. If the ultimate object of subsidies is to encourage the financial independence of shipplag companies, the result of the system must be propounced a complete failure. Prior to the late war the vessels of the N.Y.K. were earning a net profit of from Y2.50 to Ys per ton in half a year; the average earning for the first half of 1906 even reached ¥12,60 per ton, Since then, however, the net profit has been steadily falling, though this is the recult pot so much of diminution of grost receipts as increase in ex- penditure.

BANGKOK-Hongkong trADE.

UNPRECEDENTED STAGNATION, There are fifteen berths shown on the plan of the Bangkok harbour situated midstream between the premises of Messrs, the Borner Co., Ltd. and the Bangkelem Bead. These arrived here during the month, says the Siam are now all occupied by steamers which have Observer of 11th ult. Such a state of things is not a matter of daily occurrence. All these vessels are waiting to take cargo and most of them are ships on the Bangkok Hongkang than to days in the post. trade. Some of these steamers have been more

The condition of the Osaka Shosen Kaisha's business is worse than that of the Tokyo com. pany, continues the Anki. Up to igoo the Capital of the company was only Y5,500,000, but since that time it has increased its capital to Yr6,500,000 besider raising a loan of Y3 500,003 by the issue of debentures. In other words, the capital has been quadrupled during the last eight years. Despite this fourfold in crease of capital, the net profit of the company has increased only by 20 to 50 per cent, com pared with the profit when'(the capital was 'a fourth of the present amount. The result has been that although the company had been pay ing a regular dividend of 10 per cent, in the past, bo dividend at all was deeds was taken the last berth down the river just above The 8.3. Samten, which arrived to-day, has half of 1906. Last year búniness war very prosperous, yet the company was barely sexkolem Bend and another ship, the ss. able to declare a dividend of 6 per cent, and in Drefar, is at anchor below Bangkolem, the present condition of business it will prothese ships will have to remain bere between We learn that it is probable that most of bably be very difficult for the company to maintain oven this rate of dividend. Notwith. two and three weeks before they can get suff. standing the large amount of subsidy received, cient cargo for leaving,

the Osaka Shoito. Kalska is no betler – or is

even worn off than the Nippon Yosen Kaisha.

The Tayo Kisen Kaisha is placed in similar circumstances. Despite the fact that the ship ping subsidies make an noncal drain on the national coffers, the business of the protected companies is steadily going from bad to wors, barides at the same time injuring the interests

LAWN BOWLS.

on a firm basis and are conducted en sound principles, even if the rate of Interest in lower, And, as a natural, consequance, the unsound bank are unable to exist. The sixie of affairs is

POLICE CONSTADLES us, SERGEANTS... different in Japan. In this country depósitors are inclined to prefer a bank which pays a high

On the afternoon of the and inst, at Happy rate of Interest, irrespective of its standlag, Valley, very interesting match was played and so-called usury-banks are thus enabled in between the Sergeants and Constables of the Exist. Such being the case, in times of emer. Hongkong Police Force. The game was a level gency these unsound banks collapse one after one, resulting in a win for the Constables by one another, to the loss of their avaricious deposi points

tors, and the proverb 11Penny wise and pound foolish is exemplified. The prosperity of a

The results are as pader :—

bank depends on the public confidence in goodP.C.'s team-Ogg. (skip), Glendinning, Bail management, and has nothing to do with the And Stuart solenji

Hanking, Bagulzions, which are necessary for : Sergeant's team-J. J. Watt (aldp), G. Sim, re

JW, Kini and A. WI

The steamer Solva and Freya which left for Singapore yesterday were not able to take foll cargo. The holds of these ships were only about three quarter full.

picul

One of the metropolitan officials who resides bear the Summer Palace during the sojourn of the Court at Wan-Shan-Shan discovered this summer a large tomb just behind his villa. 'It' was one of the Ming dynasty and was the burial place of a eunuch. As it had a good deal of fine sculptured marble about it was believed to he the tomb of a head eunuch. The marble such as is dug out of the Western hills was curiously chipped and broken in a wholesale madner, Upas inquiry it was found that peasants came very early in the morning, gathered chips from thesemarbles and pulverized them to adulterate flour. Asked why they did not use lime stone or some other stone, and not spoil fine monuments, they answered that other stone was not the right colour-only the grave stone marble could be used without being detected. '

At things are to-day China's main exports. are the products of an expenditure, of human Edkins says of this white marble that it is labour that leaves little margin for the accuma- called "bang-pai-yu," an excellent stons for lation of capital. Very different would her architectural purposes and for the rough position be, if she could exploit on a large sculpturing of the Chloese masons, but not scale the vast mineral resources that lie unde- five and hard enough for European sculpture-veloped beneath her soil The Ignorance of Shanghat Mercury,

A-NAVAL WEDDING.

It is some years since a unval wedding has taken place in Shanghai, and therefore a great deal of interest was shown yesterday in the marriage of the Rev. A. J. H. Pist, Chaplains of H.M.S. Flora, to Miss M. E. Petty, who came out here to join the Municipal nursing staff about three years ago, reports the N. C. D. News of 16th ult. The interior of the Church was simply, but effectively decorated, and the uniforms of the bridegroom's naval colleagues added a bright touch of colour to the scene. Very faw seats in the nave were unaccepied when the bridal coach drove up to the porch. Preceded by the choir, and four clergy, the bride entered the Cathedral on the arm of Mr. Duncan little train-boarers, and one small bridesmaid. McNeill, and she was attended by two charming The hymn "We love the Place, O Lord" was sung asthe bridal procession moved up the nave. Four clergy, the Revs. R. G. Winning, F. Ferry, H. M. Trickett and C. J. F. Symons, assisted in the service, which was fully choral. Before the final benediction and exhortation, "The Voice most picturesque part of the ceremony, however, That Breathed O'er Eden" was sung. The took place as Mr. and Mrs. Till left the vestry, While they were signing the Register, the warrant officers and a detachment of bluejackets officers of British warships in, port, and the from H.M.S. Flora lined both sides of the nave, and the bride and bridegroom walked down the flower-strewn alsle under a glittering arch of crossed swords,

The reception, which was very largely di- tended, took place at the Municipal:Hospital in Range Road. After photographa bad been taken of the principals and guests, the health of the newly married pair was proposed by the Rev. F. Ferry. The bridegroom responded briefly, and it then fell to his best man. Dr. W. 8. H. Sequeira, to propose the toast of the bridesmaids: For them, Lieut. G. F. Skinner replied, and the final toast, that of the hostess, was proposed in a witty speech by Captain Rowland Nogent. The presents were on view

her people, the indifference of her officials and · the hostility of both to foreign enterprise pro vent such exploitation. Here then lies the root of all reform, the removal of this prejudica against foreigners, for it affects the fascial stability of the Empire, without which no real reform is possible. If Great Britain at this period amends bar Patent Laws with the deliberate intention of compelling." foreign firms to invest many millions in establisk. ing their factories on British soil, certainly Chloa has no need to fear the employment of foreign capital under the restrictions that nba ja now able to impose. Until her prejudices are removed, there can be little hope for the milit ary expansion and naval reorganization without which, she has decided, her claim to recognition in the family of modern Powers will carry no weight. It would be well, then, if the advocaten. and their influence on this question of finance. of reform could concentrate their fatelligence

difficulties, but to give affect to it mort arouse the keeren opposition. Among the The theory of the problem presenti faw

first things to be abolished must be the system of likin, which not only hampers existing trade throughout the Empire, but checks further amount between the taxes paid by the development. Above all the vast difference la people and the official revenus of the

country eliminated, and bare, we touch the very essence reformer will prave no light boshould of Chinese officialdem. The task of a financial therefore, not be left to the improbable appear ance of a heaven-born statesman, but should form the first subject of study and joint consi- doration among an organized-body of Chinasa reformers-N. C. D. New...

must be

THE SINO-STÄMBSE BTEAM NAVIGATION 00.

We learn that a menting of the promoters of the Sino-Siamese Steam Navigation Char held at the bouts of Luang-Sophos yesterday (Sept. 13) when a report was made is connection with the present position of affales, LASIK WAS practically what we reported before, namely that

party which ko pratically created. · At one ❘ on the morning staff,

De meeting yesterday was whether they should time it was supposed that Mr. Hearst meant to The bride wore a drass of white silk crepe, walk until the rest of the shares were nedar- RETURNS of the average amount of bank-ra for the Presidency himself. Possibly the beautifully embroidered, and trimmed with all written or proceed at once to apply for a chanc notes in circulation and of specie in reserve in recollection of his defeat when contesting the lace and aliver. She wore a court train of ter. The feeling of the meeting was mass Hongkong, during the month ended goth mayorally of New York may have inficedced figured crepe, and a wreath of orange blossom monsly in favour of an immediate applicaties September, 1908, as certified by the managers bim to be content in securing the nomination and a met veil," and carried a bouquet of white for a charter. It is hoped that, as soon as this of the respective Banks :-

of two of his creatures. By that nomination, carnations. Miss Marjoris Price, her little is done and shares publicly called for that the Banke

Average Specie in however, he claims to have reduced the pum bridesmaid, wore harming frock of white rest of the capital necessary will be forthcomi Amount. Reserve, ber of Mr. Bryan's adberants by anything be mulio, trimmed with lace and blue ribbon, inglom Observer,

folve Chartered Bank of India,

tween 600,000 and 1,000,000, and probably with a spray of blue forget-me-nots in her hair, but then Australia and Chins, $3,935,775 $1,900,000 hopts by his recent disclosures to work equal The diminutive train bearers, Misses Ads THE date of the trial of the libel action, a Hongkong and Shanghai

Earoc in the Republican ranks What he has Algar and Mary Phillips, also wore white Shanghai, in which Mr. Honry O'Shea Jitka de- Banking Corpor

yet to prove is that either Mr. Taft or Mr. Bryan roslin dresses trimmed with blue ribbes, and fendant, bas been @zed for October, Motherlich, . 15,319,573 10,000,000 is in any way implicated; and the spotless vo- little face caps with rosettes of blin ribbon, cong by the way, thy miso: shu data for this interr National Bank of China,

putation for honesty of both candidates should It should be mentioned that the organ cricket match between, Hongtong and Shang, Limited vii...”

96,321 || 25,000 | weigh considerably more with American elect which has been under repair for some weeks, hai, The jury in the libel cane will adm

on than the gullt of some of their fojlowerton had reached a sofiolanílý advanced'staga for Arenal EEPRITS TRUNK

-use by Mr. Pullen on this occssionalis