THE SUGAR INDUSTRY OF "80028 FORMOSA.
INTERESTING STORY OF METHODS
OF DEVELOPMENT.
The following report on the Sugar Industry of South Formosa for the year yo8 has been made by Mr. A. E. Wileman, British Consol at Taidan, and is published by the Board of
Trade :---
-POSITION OF SUGAR INDUSTRY PREVIOUS TO JAPANESE OCCUPATION.
In order to understand the present position of the Formosas sugar industry it will be necessary to review the conditions under which it was worked previous to the cession of the Island to the Japanese in 1891, when it was under Chinese, rule, and then, after she Occupation of the island by the Japanese.
Since the sixties the quantity of sugar pro- duced in. Formosa Dever.exceeded 1,000,000
1
THE HONGKONG TELEGRAFF FRIDAY APRIL
necessary to buy the land on which to grow it The Government were, accordingly obliged to intervene in order to effect the sale of the land tequited. Subsequently it was foued necessary to invoke the assistance of the police in order to get the farmers to sell their case and, while acknowledging that there was a good deal of injustice inflicted on the farmers it must be remembered that their fiture to self rendered such measures necessary
One on two small Chinese-owned mills also ware started practically under pressure from the authorities, but came to grief after one or two crops, owing to a similar difficulty in obtaining cane, and a wast of knowledge of the bandling of sugar machinery which, hithetin, had used ooknown in the island. The est gineers supplied by the Sugar Bateau were also. always at loggerheads with the owners, and a complete failure resulted,
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Up 1953-4, therefore, little, if anything, was done, the only mill showing any success being the Taiwan Seito Kaisha, which em
Today's Advertisement.
NORDDEUTSCHER LLOYD, BREMEN. IMPERIAL GERMAN MAIL LINES
NOTICE TO CONSIGNEES.
for encouraging the farmers as will make it;}; worth their while to plant. Of course the farmers by look at it from the point of view. of incoe the price paid for cane is below- what they can get lor other products they will crase planting cane and substitute other crops: and the mill owner will be left with insufficient cane. If therefore e to the interests of the 'mill owner to pay a price for the cane which makes it more remunerative than other crops.THE Steamship
it is under the regulations of 1925 that such a large number of modern mills have sprung up during the past two years, until at the pre sest time there are nine companies with a total paid-up capital of over £1,750,000.
OPPOSITION OF FARMERS.
QUE SAAM"TRINZ SIGISMUND," having arrived, Consignees of Cargo are harby informed that their Goods, with the exception of Oainm, Treasure and Valuabies, are being
landed, and stond, at their risk into the basardous and/or extra basuntour Godowns of the Hongkong and Kowloon Wharf and Go- It must not be supposed that the new regula-down Company, Limited, Kowloon, whence tions were accepted calmly by the farmers. delivery may be obtained, w At the commencement there was a grond desi of opposition, and usually the first year after a district, bad been allotted to a modern mill the quantity of cane planted showed a perceptibia diminution, but as the farmers perceived that
piculs (about 58,814 tons), bat very nearly teach ed that figure once. At the time the islandployed double crushing," and made centrifugal | those whoʻplanted cane were getting a better examined on the 9th of April, at 9,30 A.Man
was ceded to Japan the total quantity exported to China and Japan averaged about 500,000 picuis (about 29.412 tons), upon which there was an export duty of 8c-per picul, and the prices, for sugar delivered in foreigners' go- dawni ranged fram $3 to $1.1o (Mex.) per picul in normal years, while during the French blockade in 1884 it fell as low as $70 per .picul
sugars, but this mill could only buy cane with the arbitrary assistance of the police.
THE CHINESE AND THE GOVERNMENT, « Although the terms offered by the Govern ment in the "Regulations for the Encourage ment of the Fugar dadditry" were most liberal no one bad sufficient enuraga to come forward, but the Chinese farmers, cannot be blamed for this as it must be remembered that they have spent all their lives in Formosa, and had never en machinery; moreover, as they were living from hand to mouth, and were poor, they could not afford to fiil, and therefore cou'd not afford to experiment.
1.
The cane grown was a degenerated Bour- boo, kaewu as Tekchia (bamboo cane and the average yield per acre of ground planted was about 8 tons of cane: A red care and a Lab cane (belonging to the Lahaina family) were also grown abd'yielded better results, but the
But from the Government's point of view former was principally sold for domestic use, and was not chushed, while the Lab care, al-smething bad to be doce, as their scheme so though used mostly for manufacturing sugar far bad ended practically in failure for want of was considered to give a poorer sugar content apport from the farmers. No doubt the au- and inferior coloured sugar. The Tekchia has thorities put this down to obstinacy, whereas it was merely ignorance, combined with poverty a great advantage over both the red and the
The introduction of now cands the! with a Lah cane, it grows on sby ground and can stood any amount of aeglect, therefore from little better success, but only a little.
When theu (ar Bureau found from their
return from their land than those who wore planting other crops they would gradually return to the planting of cane. The rapidity with which this increase in the planting of cabe takes place depends on the methods employed by the different mills and the way in which the farmers are treated, that is to hay, whether the mills give the farmers a good price for their case and advance them sufficient money to enable them to tide over the period during which the cane is growing
· ATTITUDE OF THE MILLS
#
+
In some places it would appear that the re. gulations are doing the districts a great deal of good, as planting have not only re-assumed their original proportions but have actually quadrupled in only three years, and it would appear that it is not a question of the farmers
No Claims will be admitted after the Goods have left the Godowns, and all Goods remain- ing undelivered after the 9th of April, will be subject to reazion dh Maker N
All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be All claims, must reach us before the 13th April, 1909, or they will not be recognized. No Fire Insurance will be effected, Bill of Lading will be countersigned by the undersigned.
· NORDDEUTSCHER LLOYD,
MELCHERS & ̈Co, General Agents.a
of
Tiongkong, 2nd April, 1009,
1909
To-day's Advertisements.
NOTICE.
TTAVING #overed my connection with the
H Firm of WILKS AND JAUK, LD, have established myself as CONSULTING ENGINEER and SURVEYOR, &c, at York Buildings (1st Floor), Hongkong
MEC WILKS, M. 1. MECH, E Hongkong, and April, 1009.
315
EASTERN AND AUSTRALIAN STEAM. SHIP COMPANY, LIMITED. FOR SHANGHAI, MOII, YOKOHAMA AND KOBE.
THE Steamship.
"EASTERN," Captain McArthur, will be despatched as above on TUESDAY, the 6th April, at
Public Companies.
GREEN ISLAND CEMENT COLD
THE TWENTIETH ORDINARY. AN 1NUAL MEETING of the SHARE
HOLDERS in the Company will be held fa the Office of the General Managers, St. George's Building, TO-MORROW, the 3rd the purpose of receiving a Statement of day of April 1909, at 17.30 o'clock A,M., for
Accounts and the Report of the General Managers for the year ending 31st December,
Con sulting Committee and Auditors, 1908, declaring a dividend and electing s
The TRANSFER BOOKS of the Company will be CLOSED from SATURDAY, 971. March, until SATURDAY, 3rd April, 1999, both days inclusivą, ne
SHEWAN, TOMES & Co., General Managers.
"Fongkung, ind April, 1989,-
COMPANY, LIMITED:A
This well known Steamer is specially fitted THE CHINA & MANILA STEAMSHIP. for Passengers, and has a Refrigerating Cham- her which ansures the supply of Fresh Provi sions, Ico, etc, throughout the voyage.
This Steamer is installed throughout with
the Electric Light;"
A Stewardess and a duly qualified Surgeon are carried,
N.B. To assure the additional comfort of passengers the steamers of the Company have [5. electric fans fitted in staterooms.
us $ros, but i thin price they can be placed. Hongkong Fires have been sold at $31.
Shipping, China and Maniļas have declined to Sy closing with buyers. Douglasan continue. in favour and are wanted at $35. Further sales of Hongkong, Canton and Macao Steamboats have taken place, and at the close, there are sellers at $29). Indo-Chinas, preferred and deferred, can be sold at $40 and $20, rarpsc- tively.
For Freight or Passage, apply to
GIBB, LIVINGSTON & Co., Agents. Hongokng, and April, 1909,
(316
EASTERN AND AUSTRALIAN STEAM•
*SHIP COMPANY, LIMITED,
.. FOR SYDNEY AND MELBOURNE..
Ports, and taking through Cargo ta -
@Adelaide, New Zealand, (Calling a Port Darwin and Queensland-
Tasmania, &c.)
Refineries-China Sugara bave changed wishing to plant, but rather of the mill owner possessing the capital to provide for the hands at $1374, and more can be placed at the THE Steamship enlargement of the plant to cope with the in-rate. Luzons are unaltered. Perale Sugars created quantity of cane..
are reported sold in the North at Ilk. 127). On the other hand, in certain of the districts Miging.-Chinese Engineerings are firmer
"'EASTERN,"
Captain McArthur, will be despatched as ahova on WEDNESDAY, the 28th,inst, at Noon;
GENERAL MEETING of SHARE HOLDERS in the above Company will be held at the Company's Office, St. George'u : Boilding, 6, Connaught Road, Victoria, TO- MORROW, the 3rd April, gag, at Noon, for the purpose of receiving a statement of Accounts and the Report of the General.
·Managers for the year ending 31st December, 1908, and electing a Consulting Committee and Auditors.
THE TWENTY-SIXIH ORDINARY
The TRANSFER BOOKS of the Company. will be CLOSED from. WEDNESDAY, the 31st March, to SATURDAY, the 3rd April, both days inclusive, .
SHEWAN, TOMES & CO.,
General Managers.. Hongkang, and April, 1909.
[286
UNION INSURANCE SOCIETY OF CANTON, LIMITED.
NOTICE TO SHAREHOLDERS.
This well-known Steamer is specially fitted.JANIOTICKis hereby given that the THIRTY.
the farmers' polat of view it gave a more certain experiments that Rose bamboo would suit the the rather short-sighted policy has been adopted and can be placed la 'the North af Tls, 18t• } for Passengers, and has-2 Refrigerating Cham SIXTH ORDINARY YEARLY MEET.
iptome.
„
The mills used were all soce mills, driven by buffaloes, and gave a juice extraction on the case of under 45 per cent, while the sugar yield on the weight of the cane was about 6 to B per cent., and depended on the quality of the
cans, whethe red or Tekchin,
soil and the conditions of the perple better, they took steps to distribute their reedlings.
of underpaying the farmers for their case in the hope of obtaining an immediate large dividend, so as to artificially create an increase la the value of the, shares, with the result that the quantity of cape within the district has, instead of increasing, decreased consider ably, and as the mills, are large and ex- pensive and depreciation of machinery: has to be provided for every year, this decrease in the Planting will eventually case the mills serious Inss. It is, of course, well known that that mill pays be when produces the maximum quantity of cane in proportion to the capacity of its plant.
A subsidy in money was offered for each acre of new cane planted, and a certain amount was also allowed for tertilisers, and in 10me cases fertilisers were bought and distri- - The cost of the manufacture of a picul of buted in kind free of expause, whilst a certain - Bugar wo about 5, but at the time the Japan um was also granted for irrigation. No farm es acquired the island it had increased toers, however, applied. A few heads of divi nhout $5,40 per picul. The mills; however, ions were compelled by their semi-official were mostly worked on the co-operative sys-position-to-support the Government by no. tem, the question of actual expense never en plying for some seedlings, had planting them, tering the farmers' calculations, as the actual To their astonishment they came up and This would, in amount disbursed, by them was very small, actually, gave better results.
It has been suggested by some of the mil! each farmer contributing in kind, such as, for other countries, bave created' a demand for, the Instance; his carts to bring the cane is the mill, new cane, but not in Formosa. It must be managers that it was en account of their con bli buffalo to drive the mill in turns and him-remembered that the Formosan farmers were servative ideas that the farmers would not in self and his family to assist at the manufacture 100 poor to be able to take any risks and they contrary, cat platings of came, but on the on the days when his cane were being crushed. preferred to wait. Gradually a few planted contrary, rather decreased them, and therefore in order to increase the plantings it would be He sold part of his sugar, and retained part part of their fields, but the new seeds were and generally had a little surp'us bagasse over taken up very slowly, and at the rate of prosecessary to expropriate the farmers by arrang- to take home and keep as fuel for a wet-day orrens shea being made it might have taken ing for their land to be sold to the various face so years for the industry to have assumed any tories, but happily this policy. Has not been
adopted by the Foimo ao Government. proportions.
sell in case of need,**
The yield per acre of land in actual money was about $25, from which must be deducted, way, 15 to $7 per picul, representing the amount expended. It may be asked how could the farmers live, but it must be remem- bered that rice, which is the staple Chinese. product, cost at that time only $1.50 to 51.80 per picul, and day lab urer could be hired for about ric, per day, which was considered sufficient to support both him and his family. POSTION OF SUGÁR INDUSTRY SUBSEQUENT
TO JAPANTSE OCCUPATION,
THE METHOD OF ESTABLISHING SUGAR MILLS. In 1905 it was thought that drastic measures were necessary, and coosequesily "Regula tions for the Control of Sugar Mills werd issued (Formosan 'Government notification No. 38 of June, 1905, which are said to have been adapted from a law in force in the Dutch East Indies (J. va, &c).
COMPULSORY SELLING.
These regulations also provide that the farmers who occupy or cultivate land within
COMMERCIAL
YARN MARKET,
Raubs have been dealt in at SB,
Docks Wharves, and Gedowns, Kowloon Whaifs bave ruled stronger and have been booked at $50, at which rate buyers prevail. Whampoa Docks are also in some demand and sales have taken place at $80 closing strong Hongkew Whails have Inquiries in the North at Tls. 154. Shanghai Docks have hardened to Tls. 58, at which price buyers prevail,
Lands, Hotels and Buildings,—Auglo-French
Lards can be sold at Tis, 103, Humphreys Estates are steady at $88 Hongkong Hotels bave found buyers at $83. Hongkong Lands have changed at Sioo, and more can be placed, Sales of Shanghai Lands have been effected at the slightly increased rate of Tls, 118,
Calton Mills There are sellers of Hong kong Cottons at $9. A further rise in Ewor has takes place, had there are sellers at Tis. say in the Nọith, -According, to latest mail advices from the North, faternationals are quoted at Tl, Lau Kung Mows at The 103 and Soy Chees at Tl, 385,
Miscellaneous China Borocos bave again beei dâng at $tij. Green Island Comónts are slightly, firmer and. are, in demand at $9.3" Hongkong Electrics have strengthened to Sto Hangkokices have further declined and there are sellers at $180. William Powells are
|
stons, Ice, &c, throughout the voyaga..
which ensures the supply of Fresh Provi The Steamer is installed throughout with the Electric Light. ***
▲ Stewardess and a dnly qualified Surgeon sm cented.
N.B. To assure the additional comfort of passengers the stearers of the Company have electric fans fiited la statèṛocma, z For Freight.or Passage, apply to
GİBB, LIVINGSTON &.Com
Agents. Hongkong, 2nd-April, 1909. -
w
- NOTICE TO CONSIGNEES.. FROM SINGAPORE, PENANG, AND CALCUTTA,
THE Steamship
THE
Office" No, a Queen's Buildings, Hongkong, on WEDNESDAY, the, dist April, 1909, at Noop, for the purpose of receiving the Report of the Directors, together with Statements of Accayats, la 31st December, 1938, and of de- claring dividends, &c...
ING of the Society will be held at its Head
The TRANSFER BOOKS of the Spciety will be CLOSED from 1th April to the rat. Aprilį both days inclusive.
By Order of the Board,
C. MONTAGUE EDE,
Secretary. Hongkong, 24th March, 1909.
(200
UNION INSURANCE SOCIETY OF CANTON, LIMITED,
NOTICE TO SHAREHOLDERS
." JAPAN,"
NOTICE is hereby given that an EXTRA: having arrived from the above Ports, Cor. ORDINARY GENERAL MEETING
N° signees of Cargo are heroby informed that their Goods will be delivered from alongside
Cargo impeding, the discharge of the Vessel will be landed at once, at Contignees' risk and expense.
+
5th inst will be landed at Consignees' risk Cargo remaining on board after 4 P.M.; of the and expense.
Consignees of Cargo from SINGAPORE and PENANG are requested to take IM- MEDIATE DELIVERY of their Goods from alongside, such Cargo impeding the dis charge of the vessel will be landed and stored, at Consigness' risk and expense..'
No Fire Insurance has been affected.
In their report dated' aud instant, Messis, demand at Sij. In the North, Sumatras Phirozsha B. Petit & Co, write:
have been a firmer market with buyers at Til, 131 ex the final dividend of Tis, per siste paid on the 16th March, while Langkats are wanted at the slightly reduced rate of Tix. 785,
Exchange. The Bank's selling rate onUndersigned, Lodon is 1/8 13/16 on demand. The T/T rate on Shanghai in 741.
Our last report was dated the 19th,ultò, The yarn market during the past fortnight has ruled rather weak and the period under 16 view has been one of comparative iążctivity, Prices have declined from fifty cents is one dollar per bale. The slackness in accounted by the absence of a number of Chinese dealers who have gope to the coqotry to worship at the ancestral tombs as is their custom at this time
of year,
..
Exchange has ruled quite steady as there appear to indications of abnormal conditions prevailing in the interior prospects of an early revival in business, upon the return of the natives from the interior, are sufficiently re- assuring
No, aça-Moderate business reported at a decline of 1 to 1 per bale,
No. 16-Cheap rates induced some business. No. 12-Not much in favour. Selected threads moved at a decline of $ to a per bals
No. 14-Moderate business, Prices show- a.decline of 1 to 1 per bale.,
No. 8-Stock oil... No. 6.Ruled Heady.
Market closes stendy. Sales:roo bales of No. 61355 bales of No. ros., 150 bales of No. 12, 300 bales of No. 16, and geo bales of. No. 20%; in all about
By these regulations any person wlahi to erect a modern style sugar mill must first ob. tain the permission of the Director of the The Japanese aquired Formosa in 1894, but Sugar Bureau, and when that permission has -had-to-recor quer it, as the natives were nawill been granted the Director fixes the district ing to be handed over by the Chinelo Govern within which the mill is allowed to col ment. This reconquest occupied them till lec' material, viz., sugar cane, for the use of about 1898, when they hit more time to study the mill. When the limits of such a district the products of the isla. It was found that are fixed or altered a notification is published the four principal articles exported were sugar, in the official gazetle of the Formosan Gavern- tea, camphor and.rics, and that opium was the ment to that effect. chlef article imported. Steps were first takes with camphor and opium, both of which were voado monopolies, then a law (Ordinance No. 5 of June 15, 1922) was promulgated for the any district allotted to `a sugar mill, which has study and encouragement of the sugar industry been approved of by the Sugar Bureau, must which is entitled "Regulations for the Ensell all their cane to that mill, and no other couragement of the Sugar Industry." In 1902. mill may be erected within this allotted district, & temporary sugar bureau was also established This means, of course, that the sugar mill in for the supervision of the sugar industry, any given dir'rict has a monopoly of the cane baving its head office in Tainan.
grown there by the farmers, who; moreover, siê Men were cogaged who had studied in forbidden to sell their cane to any other district, Germany and other men were sent out to or to see their cane for the manufacture of any _study_the_sugar_industry in other counother material, except sugar. The, pénally for tries, with instructions to acquire all the selling or seciling out cane. to another district information.posible. An experimental station for the manufacture of any other material but was established at Daimakka and pew sugar and for the erection of old style buffalo CERC'T were introduced and tried. It mills without permission is fixed as a maximum was found that whilst Lahajos apd striped fine of Y200. It must be remembered, bow. Tanha canes grew to a good size, they required ever, that all the medero mills are obliged to. and Wakamiya Maris of about 2,500 bales, -a-large-quantity-of-water.fat.irrigation and all-purchave-all-tho-cane-ip.their districts-from.the- a good deal of care, but that Rose bamboo, farmers at a restonable price. What, however, while yielding just na well, did not require to affects the Chinese farmers more than anything much care and could stand more peglect, in the fact that new mil's of the old-style *** Frper the above-named regulationsst will be, "buffsia type may not be erected within the dis- seen that the Formoran Government gives | trist allotted to any modern mill without the assistence in vavirus forms, both far planting | special permission of the Director of the Sugar and for mills
Bureau, and as the policy of the Formosso
·SUBSIDIES AND BOUNTIES.
Government is directed towards making For- The liberality of the Sugar. Bureau may bampsa into a second fiva by a reformation of judged from the fact that, in several instances, the methods of sugar manufacture, this permis. angar mills hava either obtained a subsidy of 6 sión in Dot easy to obtalo as the buffalo milli per cent, per annum on the paiḍ-up capital for are distinctly retrograde and antiquated and period of five years, or have obtained assist offer an obstructipo te scientific progress la the mace in the shape of a lump sum of 20 per production of sugar. In another five years cent; on the total value of the plant and factory. they will probably have ceased to exist, In another instance the machinery has beco borrowed from the Government for a period of Eve year, that is to say the Government has provided all the 'machinery for the mill, and "the company has erected the bulldings and run
the mill
3,000 bales.
mode
Arrivals Per leamers Loliang, Divanha
|—Unsold Stock?-About:16,000 bales.”
Uncleared Stock-About 11,000 bales, Exchange: We quote today as follow:
Ludia T. T. at Rs. 13° | per cent.
Demand 21 London T. T.
ท Sh. 182d=$ Demand 18-1.8 13/160.5 Shanghai Tis. 748-$100. Silver
231d. per oz.
WEEKLY SHARE REPORT.:: Reviewing the share bussis for the week, Messrs. E. S, Kadoorie & Co. write this after
༣
Moon,
11
*
זי
Bills of Lading will be countersigned by the
· DAVID SASSOON & Co., LIMITED,
Agents. Hongkong, 2nd April, 1009.
[318
"Dividends Payable.Green Cements. Final of 50 cents for 1958, on the 3rd April.China Borneos-Dividend of $1.20 per shate for 1908, THEATRE payable on the 5th April. Yangiste--Final of Stz for 1997 and interim of $5 foi aft. 1958, making in all Srs par share, payable in Shanghai on the 17th April.. Unions-Final of $17 for 1957, and interim of $30 for 1938, making in all $47 per share, payable on the 31st April."
Forward Settlements -The following datej have been fixed by’the Stockbrokers' Assocía.... tion of Hongkong for forward Settlement:-
April Settlement 30th April, 31st May
May
June
July August September
29th June,
30th July.
30th August,
29th September,
CRICKET
"D" TEAM V TELKORAPHE The following bave beab selected to play for theB team to marrow afternoon, on the Hongkong Cricket Club's ground, commencing 1.215 p.m. :-H. Hancock, T. E. Pearce, A. A. Claxton, H. D., Sharpin, A. C. Leith, S. 8. Logan, A BLADE S. Moore, Comdr, F. O., Lawin, R.N., Comdr. F. H. Walter, K.N., and P. Jacks.
ROYAL.
· TO NIGHT .... APRIL 2ND
Short Season Only.
ROYAL
of the Society will be held at its Head Office
No. 2 Queen's Haildings, Victória, Hoogkoop, on WEDNESDAY, the ant April, 1959, at 12.15 FM for the purpose of considering and, if thought fil, passing the following Special Resolution
་
"That the Memorandum and Anicles of
"Association of the Society be respectivėly "extended, altered and amended so as to read as shown in the print signed for the "purpose of identification by the Chair. "man, of his Meeting and that such "extended, altered and amended, Memd- "randum and Articles of Association be "henceforth adopted as the Memorandum... "and Articles of Asipciation of the Sp "ciety to the excfusion of those heretofore "prevailing,"
Should the above Special Resolution be duly passed, it will be subsequently submitted for confirmation to a further Extraordinary General Masting, of which Notice will be hereafter given.
By Order of the Board of Directors,
'C. MONTAGUE EDE, Secretary)
Hongkong, 30th March, 1909.
[300
THE CHINA" TRADERS' INSURANCE COMPANY, LIMITED.
NOTICE TO SHAREHOLDERS."
NOTICE is hereby given that the FORTY-
THIRD ORDINARY MEETING of SHAREHOLDERS in the above Company will be held at the Head Office, No. 2 Queen's, Buildings, liongkong, on WEDNESDAY, tha
ENTERTAINERS 31st April 1909, at 12:30 P.M., for the purpose
AN-AGGREGATION OF ALL STAR ARTISTS.
TO-NIGHT A ANOTHER SUCCESS FILIBUSTER
BROWN
Hilarious Musical Comedy.
CRAIDENGOWER. v. KOWLOON C. c. The above League match will take place on Saturday on the ground of the latter Club at Kowloon at 2.15 p.m. Craigengower team —L E. Lammert (Capt.), G. A Hancock, A. 0. Brawo, H. L. Manderson, W. H.-Viveast, R. Pestonji, A. Osmas, J. D, Noria, L.. A. Rose," THE CHOIR GIRL S. B. Batliwala and H. W. Peterson,"
LEAQUE TABLE The lollowing 12th6,lable Up 16′′dati Club, P. W. L D. P.
33-12 1 0:11.
Although business is still restricted, a slight» is certain cases sugar milli are allowed to" "ty firmer tealing seems to here est in during lease an extensivo area of land of the Govara the past few days and a good inquiry has exist- ment free of sent with a view to planting theired for a number of stocks.
Banks-Hongkong and Shanghai Banka H. K. "D" own sugar cane, or condition that when the wliole-aren becomes cultivated fand, it shall be have ruled easier during the week, and at the Civil Service given to such mill without any pecuniary con- close, there are sellers at the reduced rats of || Hongkong "A" alderation. In such a case should's mill not | Sgia, The Loudon quotation is £86b Telegraphs commence work within three months from the Marios Insurances-There are buyers of Craigengower. date on which permission was first given, er.if North Chlass at Tis, too, Ualong hargʻriten RG.A the work does not make the progress which to 5855, at which tate sales have been effected, Kowloon
HOW THE LAND WAS ACQUIREN, The Taiwan Balto-Keisha (Taiwan Sugar Factory Company, Limited), which owns the fint modern mill ever erected in Formosa, was formed in 1900 with a capital of 1 1,000,000 and i was anticipated on commencing work, the land Yangtzen hare improved to $225, at which H, K. Polic
wan,gránted a subsidy on the basis of 6 per
per ansam on its paid up capital, for, fiva
This company found that ike Chi
flable to surrender and the mill to removal rate buyers prevail in the North, Cantons are || Royal The farmers are not compelled to plant cape | unchanged with bayarz'at, SI-7)
rict, and it therefore Fire faramicef Chio
Percent
Egej 84.61% 9 69.33% 33-33%
EXTRA
One of the Greatest Novelty Acts seen-on-the-Vaudeville Stage... CHANGE OF PROGRAMME NIGHTLY,
BOOKING AT-
8. MOUTRIE & Co., La.
Prices
$8. $21.
of receiving the Report of the Directors, to gether with Statement of Accounts to the 31E- December, 1908, and of declaring Dividends.
The TRANSFER BOOKS of the Company will be CLOSED from the 7th April to the 21st April, both days inclusive. A By Order of the Board of Directors.
C. MONTAGUE EDE,
Secretary.
Dongkong, 26th March, 1999..
fa96
THE CHINA TRADESS' INSURANCE COMPANY, LIMITED, "NOTICE TO SHAREHOLDERS
TOTICE is hereby gives that an EXTRA
MEETING
of the Company will be held at its Head Office, No. 3, Queen's Buildinge, Victoria, Hongkong, 60 WEDNESDAY, the 2111 April, 1999, at -13.45 P.M., for the purpose of considering and,, il thought fit, passing the following Special Resolution
of
"That the Memorandum and“ Articles
" Association of the Company be respec- ”Tirely extended; altured and amended so "as to read as shown in the print sigond "for the purpose of identificatiope by the "Chairman of this; Macting and that such extended, altered and amended Mama- randum and Artscion of Associatioa bi, "benceforth adopted as the, Memorandum *" and Articles of Association of the Com- pany to the exclusion of those heretofore prevailing mo paga Should the abova Special Resolution: daly passed, it will be subsequently submitte for confirmation toʻq“foriber: General Meeting, cl which Noti harsafter giveDRALATANTIA
By Order of the Board of Dire
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