1909-04-30 — Page 7

THE HONGKONG TELEGRAPH FRIDAY APRIL 30 1909.

The Seamen's Institute. I represent Your Excellency I am sure will

LAYING OF FOUNDATION STONE

AN INTERESTING CEREMONY,, Last Wednesday afternoon, a chapter which: will. long be remembered lo the annals of the Seamen's Institute, with which the name of the Rev. France has long been associated, was recorded in the laying of the foundation stone by H., the Governor. There was a large gathering of those interested in the in stitation, which included H.E. the Governor, Bishop and Mrs. Lander, Mrs and Miss Lyon, Hon. Mr. W. Chatham, Mr. H.N. Mody, Mrs. H. E. Follock, Hou, Dr. Atkinson, Kev. J. H.. France, Dr. F. Clark, Mr. E. Shellim, Rev. F. T. Jobason, Messrs. Shelton Hooper, A. Piercy, C. S. Gubbay and several others.

one for the Beamen's Institute and ibb

162

was making a great profit, though it was ac- which gives the shareholdere more than they are ingainst 5181,614 in 1906, while the sales from

S'entitled to The creditors are making a liberal. the United States kmäented in valus, for these only regret was that Mr. France was about to tually losing money.

made concession and propose to recevs their claims two years to 549,714 and S1010cp respectively. leave the Colony. His Excellency zatarred in Suck are some of the serious praiseworthy terms to the disinterested and agalust the directors. As a result of the meat-in preferential shares, thus co-operating in the It would seem that the American manufacturer dogged perseverance of that gentleman tongs of the creditors and, shareholders since revival of the 'company. It is stupid of the should make a 'better showing in this market, materialise the scheme which bad fructified that the failure of the company, the irregularities shareholders, continues this authority, to oppose which could be done by the production of cheap day. His Excellency trusted that the successor came to light. Fearing that the market for the such liberal terms. The shareholders who clocks and watches suitable to the low price In the sale of carriages and bicycles in which of the departing sailors' friend, who was leaving company's shares would collapse, the share-elected such meo for directors as those who which the Chinese are prepared to pay behind him footprints in the sands of time, holders hesitated to bring a criminal action have precipitated the company into its present would follow his noble example. His Excellency against the directors, but as the result of the position have so right whatever to resent the the American manufacturer would seem to be $19.731 worth, the United Kingdom: Stg8,33, and Japan $83,616 v thanked the Bishop for the honour which had meeting of creditors on the 8th justant the action of the creditors, who are dealing very pre-eminent, the United States in cradited with been done to him that day, and said he would shareholders at last, determined to set the law liberally with them. always remember the little token with which to motion. he was pressated as a memento. In conclusion, His Excellency wished prosperity to the SGA men's Missions.

thd kind words

The Rev. J. H. France thanked His Ex collency" for

be had spoken with reference to him, and asked those present to accord a hearty vote of thanks to His Excellency,

!

The vote was heavily accorded, Mr. Mody called for three cheers for His Three cheers for Mr. Mody, called for by. His Excellency, which were vociferously given. Lordship the Bishop, brought an interesting ceremony to a close.

The foundation stene bears the following in scription This foundation stone was laid by H.E. Sir Frederick J, D. Lugard, K.C.M.G., C.B, D.5.0. This building in erected and presented 10 the Colony by H. N. Mody, a Parsi gentle man go years resident in Hongkong,"

取

THE JAPAN sugar ruFINING COMPANY.

At the meeting referred to it was also agreed to cut down the value of each old share (Yo paid up) to Yisso and to make four shares into one of Ygo paid up; further, to reduce the value of each new share (Y20 paid up) to Y1.50 and to make 20 shares into one. It was also agreed that the claims of creditors should be givay precedence in all cases.

The Graka Mainichi notes that those who have been arrested are former directors and are not now managing the company's business. In con sequence the arrest may not prove an obstacle to the readjustment of the company's affairs and It is premature to conclude that the company will be wound up. A general meeting of the company is called for the 23rd instant to report on the result of the recept meeting of the creditors and to consider the future. On the 37th instant special general meeting will be bald to elect the new directors. The scheme of readjustment proposed is, however, dis advantageous to the shareholders, whose con- sent, it is considered, will be difficult to obtain. Baron Shibusawa has agreed to give his assistance as before.

THE CONSTITUTIONAL PARTY, AND THE

* SCANDAL.

"

!

The total import of electrical material and fittings amounted to Sost,414, of which the United States furnished 542,843 worth, the Un lied Kingdom $233,447 Germany $107,478, Belgium Sady,651, and Japan $95,516. There is not mech hope of improvement on a large. scale in, this respect.

QUESTION OF COLLECTING ARREARS OF TAX, The collection of arrears of tax due from the Dai Nippon Sugar Refining Company is being awaited with great interest by the public. The Osaka Jiji quotes an authority in the Finance Department for the statement that the Govern mant estimates the total amount of tax due

In electrical installations, as in other great from the company up to the end of August next at Y4,000,000 including the amount is arrear, engineering works, the order go to the coun The sum mentioned must be collected by law. tries supplying the capital: Only two tramway- But lo the present conditions the company is Tystems have been established in China hoss unable to pay the inx in arrear, and the at Shanghai and Tientsin, which are controlled only course available is to seize the company's and equipped by the English and · Belgians The importations of machinery and fungs property and dispose of it by public auction in respectively, un accordance with the National Tax Collection Law. If this course is taken, however, the from the United States increased from $124.091 company will become bankrupt, in which casein 1901 to $949,234 in 1907. The figures for 1967 the fiosocial situation of the country might be were only surpassed by the United Kingdom It is ant expedient that the with sales amounting to over 1,580,000. Out disturbed. Stato, in its seal to protect its claims, should of a total of $105,111 worth of sewing machines take such a course" as to disturb these sold to China in 1907, the United States Sup

If a reasonable plied about $40,000 Worth-more than double tional financial situation, time be given to the company, the money the value from any other country, Coop

The hardware trade in China is worthy of can be collected without proceeding to extreme measures. It is therefore expedient American attention. During 1907 the sales. not to insist on payment before the completion from the United States amounted to $98,750 of the readjustmeat of the company's affairs, out of a total of $790,000, while those from which there is still reason to balieva will in the United Kingdom were valued at 5g00,2001 time be accomplished. The Goverment is in Germany, S167,480, and Japan, 144,507. The a position to take steps at any time for the col proximity of China to the United States and lection of the taxes is anear. Deeming it, there the success of American hardware in other mar fore, inadvisable to take pracipitate action and kete in competition with that of other makers thereby damage the sagar-efining industry indicates that American goods are not belag There was a great reduction in the amount which has developed so far after arduous labour, pushed in China as they might, je tog det the Government is besitating to enforce the cal lection of the tax from the company until it has of lead in pigs and bars imported from the been placed in a position enabling it to pay. United States during the last four years, as in found guilty of, the charge preferred against against 3,625 tops in 1905, 805 tona in 1905 Whether the late directors of the company are 1904 the amount supplied was 3,243 ions, tion of tax arrears, and the criminal action taken the largest exporter of scales and balances, the against the former directors has in so way sales in 1907 amounting to Szo,198 out of

Io medical and surgical appliances the Chin changed the attitude of the Government towards total of $31,945,

eso-market is supplied chiefly from-the-United- the company-Japan Chronicle.

TRADE CHANGES IN CHINA,States and the United Kingdom, the importa from the former country in 1907 amounting to $37.368 and from the latter country $61,596..

AMERICAN WARES NOT PUSHED

AS THEY MIGHT BE.

As previously pointed out, the Dai Nippon Sugar Company made a loss on its working for the last half-year (ending December 31st), but as the publication of the true state of accounts would have caused the company's shares to fall heavily, the directors hit upon an ingenious de: vice. It is alloged that taking advantage of the fact that the sugar tax to the amount of Y800,000 was is arrear, the directors falsely en made it appear that a profit to that exient re tered in books that the tax bad been paid and

dead at the rate of 15 per cent. Daring the 23rd session of the Diet (1905-1907% when the Sugar Monopoly Bill was brought forward, the directors are said to have appropriated a sum of Y120,000 wherewith to induce-the- Constitutional party to adopt the Bill. This money was entered as having been paid to a certain Constitutionalist, to be distributed among the leaders of the party. It is supposed, however, that a portion of the money was Farther allegations are made to the effect that diverted befor reaching the party men.

A small line of imports into China which when Messrs Isomura and Akiyama, directors should be of interest to the United States in of the company, stood for seats in the general confectionery. Foreign confectionery to the election last year, a sum of Yçopoo was paid value of $111.770 was imported in 1997, of which for their campaign expenses, on the ground only i per test came from the United States,

In this trade also there should be a bright A general consideration of the import trade that if they were returned they would direct-Great Britain being the chief supplier. be reimbursement of Customs duly on crude future for the American manufacturer if he can of China leads the American observer, to feel their efforts in the Diet to the continuance of sugar. These are the principal indictments in adapt his products to the local demand. In the that certain liner bere are not as developed as the dishonest practices with which the directors city of Shanghai one well-known American they should be and that this market holds out. manufacturer is offering regular shipments of a bright prospect to intelligence and capital. ; the highest grada American confectionery and The backwardness of American importa is to of the company are charged.

is meeting in a small way with an encouraging: be chiefly z ticed in the higher grade cotton. demand. Goóda of this character to obtain goods and in the supply of electrical machinery. wide market must not be of the bighest grade but must be saleable at low prices.

Regarding the, impost of furokure, &c., the United States abould lead, bet an examination proves disappointing. The total imports in 1907 were valued at $758,000, of which the United States furnished $39,500 worth, Great Britain $202,330 and japan 5x47,000.

MORE MEMBERS OF THE DIET ARRESTED,

A PLAN-OF READJUSTMENT. Five more arrests of Constitutionalist mom. bars of the Diet were made on the 16th instant in convection with the Dai Nippon Sugar Re fining Compasy. They are Messri. Sawada Nei, Matsura Gobel, Hasegawa Toyokichi, Okuno Ichijiro, and Sato Torajire.

V

Of a total import of $118,500 in grapho phones and accessories last year the United States is credited with $31,600 wonb, as much as all Europe, but lets then Canada, whose sales amounted to $39,500. As no grapho phones of acte are manufactured in Canada the explanation is to be found in the shipment

portu of Americas machines through Canadian

There is a probability that in the course of time the development of American mills will enable the United States to meat Britisă com petition to all grades of cotton, but for the supply of electrical machinery and machinery of all kind there seems less hope. The greatest that there is very little American money in- drawback to American trade in these lines is vested in China, and orders for thein as well as other kinds of goods go to: those countries which through their vested capital control the placing of the orders.

speak on behalf of the Colony desire to as sure Mr. Mady that we daeply appreciate his generosity and we will do our best to maintain this building in a manner worthy of his muni ficence and of the objects for which he has given it. (Applause), “Ah,

Mr. H. N. Mody then addressed the gather ing as followYour Excellency, My Lord Bishop. Ladies and Gentlemen: - Believing, as I do, a care for the wolfers and comfort of the men of our Mercantile Marine, when on shore to be the duty of all those to whose interests they brave the dangers of the mighty deep, and especially so in a port such as this of Hongkong welch proudly ranks among the first of the great Shipping centres of our Empire, I have taken a very keen interest in the Mission to Seamen bere because to our Merchant seamen this Colony awes so much of its prosperity, its commerce, I might, almost say its very ex The ceremony was opened by the rendering Istence (Applause), and it seemed to me bat of the byma: "The Church's One Foundation"

right and filling that we here should do some by St. Peter's Church choir. Special prayers were then offered, at the conclusion of which thing to. show our gratitude to them for what the Rt Rev: Bishop Lander said:-Your they do for us (Applause) and well I know from experience how grateful they are for any Excoltancy, ladies and gentlemen:-Before the

kindness shown to them." Among the greatest stone is laid the commlitee desire me to give a

of their needs is such an institution as this, little historical sketch of the scheme that is ta

some place to which when so far away from make such progress to-day and also there will

their own homer they can come for rest, healthy be an opportunity for the gentleman who is the

recreation and wholesome refreshment (Ap. prlinie promoter of it to address you. For many years past the excellent Missions to Seamen plause) The Mission to Seamen has been established bere for many years past carrying have bad spouts in Hongkong and all the

on its good work as best it could, now chaplains one after another have expressed

in one part of the town, now in another, their desire for a suitable institute on this side

but ever without sufficient means to do all of the harbour in addition to the one in Kawa

that it would wish to do and without, till. loon. So long ago be 1893 Mr. Goldsmith, ho

ARREST OF DIRECTORS. now, a proper and suitable building of its was then chapinin, took steps for the provision

own; It was these considerations which led of a seamen's institute and he opened what was

The Dai Nippon sogar scandal ban laken no me. to offer..at the public meeting held last

We learn called the Seamen's Stur, r.ating promises in Queen's Road. Three years later he set forward year, over which Your Excellency so kindly interesting and sensational turo.

presided, the sum of $35,000 to build an Inst from a Tokyo dispatch to the Osaka dacht that his scheme for the erection of the Se men's lo

on Sunday, the 11th instant, Judges and Pro. stitula où grounds of the sailors' lnstitute. 1tute if a she could be provided, which sum it

was then thought would provide such a build- curators made a search of the houses of Messrs. understand that the committee gave their can.

ing as is required. My offer was, I am pleased Urio, Tsunekawa, and Imai, auditors of the seal and some money was collected but it was

in say, accepted and a site has been secured Dai Nippon Sagar Refining Company, and not found possible for lack of funds to go on with

where we now stand. It was, however, found then made their way to the office of the They this scheme. Then Mr. Iliff took his place and

that a sum of at least $50,000 would be required Cmpany and inspecied the books. be acquired larger premises called the Seamen's

for the building and, at His Lordship the Bi- also, searched the house of Mr. Sakawa Star at the corner of Pottinger Street where a

the late President of the company, - and, shop has just informed you, it has been my very excellent work was catried on, for some time but, alas, lack of funds necessitated their privilege and my pleasure to increase by Mesers. Isomora and Akiyama, managing 'maving into smaller promises in D'Aguilar 15000 my original gift (Applause) and to take directors, and arrested all three gentleme maised. On this bash they declarod a divi- | thèm of not has nothing to do with the collec. and 750 tons in 1907. The United States is

upon myself the whole cost of the building and This action was based on information given by Street. But the rent was high and before very

to present the same to the Colony (Applause). a shareholder regarding the discrepancy of long they had to remove from these premises. My very severed predecessor Bishop Hoare it is kralifying to note that, since the needs of Y80,000 in the accedcts. The Naw Crimioal issued_on_appeal_to_friends in England for the Missions were brought to the notice of the Code, adds the dispatch, contains provisions wide sense, authorise money to erect a large institute. Some £600 public and the present scheme inaugurated which, interpreted in

by the Committee and others last year, it the Court to punish the authors of such inc or £700 was given and others were willing to

has received such hearty support from the gularities as those for which the lote directors contribute but, alas, it was impossible to secure

residents of Hongtong, subscriptions to the of the company are responsible. These pro- #site. The committee was advised to invest

amount of 527,2;s having already been collect visions have not yet been put into force and the money order that they might ront

ed. Thissum in addition to the sums previously opinion is divided among eminent jurists re- premises in Wahchai, the premises that they now hold, where an excellent work is collected by the late Bishop Hoare and the garding their interpretation, but the Procurators in the Tokyo Court acted on the formation going on. But they are altogether wadequate Chaplains of the Mission has enabled them to

on the basis of the provisions in question. pay for the site. For this satisfactory state of and also too far away from the centre of things.

affairs we have, while gratefully thanking all We learn from the Osaka Mainichi that on At the beginning of ryo8 this site where we

those who bave so generously given very largely, Sunday morning at 11.35 o'clock Procurator now are soprned to be coming into the market

to thank the energy and persuasive tongue of Uyeda in the Kobe Count, accompanied by four and.Mr. France,.who.wal.ever.on the qui viva

the Honorary Treasurer to the Fund, Sir Paul detectives and an officer in uniformi, visited the for something of the sor, said it was time for us to be considering. We made requiries and Chater (Applause)—who is unfortunately un-office of the Suzuki Shater at Sakaye-machi, found that the site though excellent in many able to be present here to-day, but further sums Kobe, and made a search there and subse respects was extremely costly. It has a grand are required for the proper and adequate furnish-quently at the houses of Mr. Kaneko, manager, ing and equipment of the building when com and of M. Yanagita, vice-manager of the firm. frontage and it is spacious. The sile was to cost $37,000. It seemed sitogether bayood as pleterland venture to hope that this gift of mine The Suzuki Shoten is a well-known sugar fro but nothing venture'nothing have. We consult may help to stimulate the generosity of others in Kobe, which has a claim of Y3,000,000 and induce them to come forward with the against the Dai Nippon Sugar Refining Com. ed with Your Excell ncy and you consented to preside over a public meeting, which was held money required for this purpose. (Applause), pany. The action taken by the Kobe Court is Sir I am not good at speech-meking and shall said to be connected with the arrest of Messrs. In March last year. You will remember that His Excellency urged forward the scheme in his

not therefore keep you much longer from the Akiyama and Isomora, late managing direct- speech, and Admiral Sir Arthur Moore, who completion of the ceremony we are met here ore of the Dai Nippon Company. The state- was then the Admiral to command, also spoke, today to perform, but there is a gentleman ments of agreement exchanged between the taking a very keen interest in it. I received a

with us to-day to whese untiring real the company and the Suzuki Shoten regarding Mission to Seamen owes a very great debt the transfer of the Dairi Sugar mill from the letter from him some little timo.ago in which he said: "I can testify to the excellent work car-

and he is the Rev. Mr. France-Applause), latter to the Dai Nippon Co. were seized at the Mr. France, I venture to any, without fear of office, while two or three documents were ried on at Hongkong by the chaplain of the Missions to Seatnen, participated in by men of contendiction, has done a great work in the seized at the house of Mr. Kaneko, its ro all denominations. I know that our mea in Colony and to him more than any man is due ported that when the Dairi, Sugar mill was the paval service greatly value the privilege of the credit of this Institution we are founding transferred Messrs. Akiyama and Isomers here to day. (Applause). He leaves us shart made a profit of Y600,000. The office of the making use of the Institute when on leave. a more suitable building would be welcomed by ly, for the Homeland and, that he will be Suzuki Shoten and the honres of Mesra, missed, not only by his sailor friends, but Kaneko and Yanagita were searched to gain. them as well as by the med of the mercantile marine who visit Hongkong." After Admiral by all who know him, cannot be question evidence as to the alleged embezzlement by A Tokyo. dispatch to the Mainichi reports the directors of the company. The house of that as the result of searches made at the Moore Mr. Mody expressed a desire to speaked (Applause). In losing him we lose one

Mr. Hitomi, formerly manager of the Dairi office of the company and the houses of the director, a record of bribes to mem- and His Excellency gave him permission to whom it will be hard to equal, impossible to

sugar mill, who is now residing at Dairi, nesr do so, Thors who were there will remember heiter (Applause) and we shalf esteem, our

selves lacky if we ever have the good fortune Maji, was to have been searched at the samebers of the Diet, journalists, and police' de tectives was discovered. This has led to the the electric shock he gave us how we were

to welcome him back to Hongkong (Applause); time,

arrest of the members mentioned. The cor- thrilled with delight when he got up and told

On the completion of this building I shall have

ruption is widespread and more 'arresta are ex- In the trade of wine, beer and spirits the us that he thought the work among the

United States does not rank 'very high, not pected. sailors was so important to the Colony that realized in part my ambition to do something of fasting good to the Colony of Hongkong he would like to give a donation of $5,000

The members of the Diet have now been ar withstanding the excellence of the malt liquors, where have lived and prospered so many towards the building-(applause)-provided

rested in all, most of them being Constituintroduced into this market from America, baopy years and I hope that before my end

tionalists. The Oraka Mainichi votes that the suitable site could be obtained. We'

comes to realize also the completion of that an appointed Sir Paul Chater-whose ac

leaders of the Constitutionalist party do not appear to be implicated in the corruption, cident all deplore to-day and the result other with so dear to my heart and to see the Univerity of Hongkong an accomplished faci

though it is understood the sugar refining.com. of which we hope will soon pass away and

piny paid out money in the belief that it that he will be restored to his accustomed (Applause). I will now ask Your Excellency to receive at the bands of the architect a silver.

would go to the leaders. The recipients are health- appointed Sir Paul Chater as

beleyed to have retained the money for-them- treasurer. He took it up and collected upward trowel and therewith to well and truly lay the

selver ́and' so, defeated the object of the pf $27,000 which, added to the sum already in foundation stone of this Institution and, if it

'company, and with the view of punishing hand collected by the late Bishop Hoare, the may please Your Excellency to do so, lo retain

the dishonest go-between the directors of Rev. A. G. Goldsmith and to Rev. J.H. France, the tool as a memento, of this occasion

the company have confessed to the cor amounted to the sum of $18,000, sufficient to (Applause),

rapțiun without reserve. It is alleged pay for the site. We are grateful, indeed to him-(applause)--for the public spirit he has

that a portion of the bribes was paid daring shown, and we are also grateful to all those

the 23rd session of the Diet (1905-7) when a Bill for extending the Term of the Sugar Duty friends, heads of firms and others who have come forward and responded to Sir Paul's ap.

Reimbursement Law was brought forward by which time Mr. Ito was assesièd. "At is a.m. the Government. The general meeting of the peal. We now had dicient money to pay for

Judge Seko, of the Osaka Chipo Salbanibo, Constitutionalist members determined to reject the site and we had Mr. Mody's promised

the Bill, but by the influence of thois Constitu. donation of $33,000 towards the building. Mr.

accompanied by a clerk in the Procurators Office and two police detectivas, visited the cionalists who were in its favour, the Progres- Bryer, the architect, bad drawn up plans

H.E. the Governor said that the solemn ser- residence at forkrulde "ot. Mr. Takaizu," who","sists and the Daido Club members, the Bill was for a very suitable three-storeyed building. On

was absent at the time: Judge Seko neverthe passed by the House. Hence it is supposed the ground floor a chapel to accommodate two vice in which they had just participated re- hundred men, a billiard room, large enough minded them that the building of which they less proceeded to search the house, and seized some of the Progressists must be implicated, for two full size tables, a large dining room and had just laid the foundation stone was a build some documents. The Judge, and his party it is even believed that some of the members refreshment room-and so on on the second ing for a very high and lofty purpose. His then made their way to Mr. Takotsu's villa at of the House of Pects are concerned. floor will be a beautiful concert hall with Excellency said that it was always a great Tooksjaya and searched the house, soining some The arrest of the directors of the company is ⚫accommodation for 400 mes, with office and pleasure to open any new public works and documents there also. Mr. Takaisu was not a hampering the progress of negotiations for te quarters for the caretaker and so on; the whole public buildings, which denoted the progress the villa, bat on his return later he was arrested. lief. The gentlemen approached by Baron Shi- of the top floor will be for dormitories where and development of the Colony, and to His Mr. Ito was conveyed from Osaka to Tokyo busawa to form a new board of directors, learing in the evening by no express train, Mr. that they might be dragged into an examina we shall provide separate bedrooms for 30 Excellency it was a very special pleasure and seafaring moo, and we can accommodate more privilege to be connected with the inception of Takatsu was retained in the jail of the East tion by the Court, are all showing hesitation. in other dormitories.

Ward Police and was to be taken to Tokyo A few days ago a deputation of the Osaka credi: The building is to be a building, the aim and object of which is to substantially built, Tenders were invited and better the let of the British seaman (Applause). yesterday morning. Mr. Ito is a well-known ors called on Baron Shibasawa and suggested alas the lowest teadar for the building, apart His Excellency referred to the predominance sugar merchant of Osaka, and is the president that he should submit a plan for reducing the from any faraiture, was $50,000. We had gone of Great Britain on the sea as owing to her of the Osaka Ferry Boat Company, a director capital of the company and form a permanent around collecting for the site and had only Navy and mercantile marine and remarked of the Oraka Stock Exchange, and as auditor Daw board of directors at a general meeting on the 27th instant. The delay in the formation $85,oga for the building that our good friend that Hongkong had a larger shipping in point of the Kyoritsu Bussan Kaisha »Mr. Mody had" promised." What was to of tonnage than any other port in the world Iris stated that on the irregularities-of-the-of-the-nowboard of director will involve each be done? We stated the casa to Mr. Mody His Excellency therefore exhorted his hearers company being disclosed in January last, car month a loss of Y85,000 out of the company's

The American flour trade in this market is without the loast insinuation, that he to have the care and well-being of seamen who tain illegal practices by the directors of the funds in office expenses. Baron Shibusawa, should do anything more it was the last come to the Colony at heart. His Excellency empayed light: Messa isomora and however, still insists that a new board of directed by the great, development of milling, thought in our minds, He said "When proceeded to enumerate the various instito Akiyamo, two directors who are regarded as toms should be frit formed and then the plan officularly tap 450 Madevan province. promised you $35,000 I thought that would do tions, fr th ashore and afloat, which bad for principally responsible for the practices referred readjustment be considered. for the building (fit will not, i will raise my their prime object the comfort of Jack ashore, to, in conjunction with Mcasts, Takatan and The Osaka Asahi notes that strong opposition contribution to $50,000 (Applause). We are all and in order to demonstrate the castinued ase. Ito, of Osaka, purchased the Dairi bugar mill in growing among the shareholders of the Dai very proud to see on this stone the inscription falness of these institutions, His Excellency owned by the Suzuki Shoten, of Kobe, The Nippon Sugar Refining Company to the plan of that this building is etected and presented to cited a few figures. His Lordship the real valus of the mill, it is alleged, was readjustment, proposed by the creditors, which not more than Y5,000,000, but the directors involverteducing the capital of the company and the Colony by our good friend, Mr. Mody Bishop had reminded them that a meeting was (Applause). Before our munificent friend ad- held at the City Hall about a year ago, when purchased it for Yo,500,000 of which sum transforming the claims of the creditors, into dresses you, I know there is one thing he Admiral Moore made some interesting ro ¥4,000,000 was paid in debentures of the com- preferential" shares.The plan is considered

There has been a gradual growth in the rey | would like me to say and that is that he wishes marks. At that meeting, Mr. Mady had an-pany and a loan certificate and Y2,500,000 in unjust to the shareholders, as it entirely kis benefactions to in no way deprive any one adunced his intenting of donating $35.000 for cash. In connection with this transaction the ignores their interests. It is expected, that a ceipts of American boots and shoss, leather from giving. On the contrary he is desirous the erection of a row building and they had been two directors concerned are said to have re-stormy debate will take place at the general and other materials, the sales rising from That that should be a stimulus to other people informed that the sum bad been increased to coived a large amoqot of commission. Further meetlog to be held on the 27th instant, when 54.324 in 1001 to $18,452 in 19.7. The com and not a deterrent. He told me he was $50,000 (Applause): His Excellency presented they are alleged to have appropriated Y500,000 the plan is to be laid before the meeting. Anparison of values and quantities from the United willing to give this donation on the understand the figures of the past year and said that a som of the company's funds on the pretence of ro: opinion prevails, among the associates of the States and those of other countries will show ing that other people would furnish the build of St0,000 would be required to carry out the deeming the debentures issued to the Suzuki Inis directors that the present criminal action the high grade of American import. For ing in a suitable and proper manner. The scheme to e. successipi conclusion. His Ex-Shoten in payment for the Dairy still. They then against them in a coup d'élat organised by the example, 9,646 paire of shoes from Europe were Included among the melodramas.

valued at $11,7451 about 34.807 pairs from find in addition The Wort Women committen want into the matter, They came cellency alluded to the generosity of Mr. purchased the debenturas; and deposited them creditors to crash the opposition of the share to the conclusion that they could quite easily, Mody and expressed his conviction that happy with the Fujimoto Bank, drawing $500,000 on holders to the plan of readjustment. In the Japan at $30,810, as compared with somewhat London, the great Drazy Lund play spend the matter of $15,000 and furnish it wary indead was a Colony which could claim such tham. With this money, they purchased shares opinion of a candid bbserver, even those less then 8,900 pairs from America valged The Shaughraun" by Dion Boud micely and the least they could possibly do it on a mas as Mr. Modí among its citizens. His of the company which they deposited with tactics are rugarðád na justiðable. It is point $15,452 fresh Charles Resda's stirring drama would be $10,000. I cannot conceive it possible. Excellancy repeated the words of Longfellow the company itself drawing advances at ed out that if the creditors duly exercised The Inference is and ikia horns out by Late to Mand, benziszt that when this building erected on and those who came her him conld bonestly the rate of over 150 for each share. By their right and insisted of collecting their investigation, that it is the foreigner in Chist, The fall list of pinces which such a beautiful of site that it should speak of him in the words of Six Christopher slallar methods and under the name of sus claims, not a sep of the company's assets would not the Chiness, who is the buyer of the Ameris during the Bandmata Dramatic ba' vieleis, for the lack of the furniture Wrenifmonamentum requis circumspice: pense account they obtained a further consider remain, and the holder of new partly can shop," An intelligent effort to supply Chi-visit to Hongkong Is The Frisspe

{outh, 1118-Nayar too persuaded that the ladies and gentlemen His Excellency thanked the generous donorable sum, which was all spent for their own paid shares would have to pay the balance sese shost to Chips would seem more corala Tolby Bell and Waterloo, Wors here present and others interested will come in the name of the Colony and on purposes lo order to deceive the shareholders to be called up") It is only fair, therefore, ac- of a liberal toward than any branch of mayo,

l'aud provida (kè necessary; $tojnon of behalf of the thousands of sailors, who were they assessed the stock of sugar hold by the cording to this observer, that that creditors factaling, industry, 7% ka

itably, furnish the building as soon to deriva forare, banelt for his munificence company, at an excessively, high valus in the should show themsel

accurate and made it appear that the

FURTHER DETAILS OF ARRESTS. The irregularities of the Dai Nippon Sugar Refining Company have pt last culminated in a criminal action. As already mentioned, the director of the company of Tokyo were ar- rested on Sunday, the sith instant, and Messrs, Ito Moshichi and Takatsu Kyuyemon, directors in Osaka, were arrested on Monday, the 12th instant, at their respective houses, From particulars appearing in Osaka journals, the charges against the directors are forgery of private documents, embezzlement, and viola- tion of the Conimercial Code.

4

At 9 o'clock on. Monday morning Judge Wada, of the Osaka Ku Saibasho, accom- At the conclusion of Mr. Mody's addrest,panied by a clark in the Procurators' H.E, the Governor approached the foundation Office and three police detectives, visited stope and in the courie of the ceremony said the residence of Mr. Ito Moshichi at Minami- In the of Jesus Christ, we place the foun- Hommachi, Saksi soji, and began a search of dation stone in the game, of God the Father, the house, which was concluded 1.4 pm. at God the Son and God the Holy Ghost. Amen." The stone being firmly placed ja dis proper position, His Excellency declared it well and truly laid.""

On the morning of the 16th the houses of. Mr. Yokoi and other members of the Diet, who had been arrested the provisus day, were search. ed by Judges and Procurators, who seized a number of documents.

|

The importation af American tobacco in a promising trade, 2,113 tons being received in 1907. Hongkong is credited with 5,653 tons, most of which probably came from the United States, The Chinese ara not a cigar consuri.

When the American marchant shall have from Germany, Belgium and the Netherlands,ment of China and shall be content to invest ing people and small importations come chiefly become a more active agent in the develop There is, of coarse, a certain consumption of his mobey in industrial enterprises, an increas bigh priced Cuban and American cigars among. ed demand may be looked for from America the foreigners.he rivalry between the Unit for the kind of goods, machinery, electrical ed States, Japan and Great Britain for the fittings etc., which the manufacturing and rail.

road development will necessitate,-Dally Con supply of cigarettes is quits keen.

eålar and Trade Report.

The proximity of Japan and the cheapness of the beer produced there make that country the leading importer.

The demand for American bear and whiskey is almost entirely from foreigners, among whom, however, the demand for American. whisky is almost. nil, while the demand for malt liquors is guided by the conservative British and German taste to liquors of those nations. Nevertheless, the beer of certain American breweries is widely in demand in Chion in high class hotels and clubs and is highly appreciated,

The imports of condensed milk in tinu 'wat primarily almost entirely in the hands of the United States. The receipts from the United States in the last four years were as followis 1904, 10,748 dozena; ions,, 245,098 dozen 1406, 81,018 dozens, and 1907, 52,696. dozent. There is a very large importation of these goodi from Switzerland and the Netherladda. The Dumber of brands is constantly increasing and milk in, attractive packages and of excellent quality is abundant in Chinese markets.

The substitution of an ordinary liquid milk for the condensed article, which was formerly supplied exclusively, is highly appreciated and the demand for this character of goods from both the United States and Europe is rapidly incrassingL

The United States is credited with more than one-half of the total import of flour to Chipt last year, but in this trade particularly the Hongkong figures are confusing. Hongkong is credited with more than one-half as much imperis as the United States, whereas it is probable that do per cent of the flour shipped from Hongkong to the mainland of Chips of American origin,

14

"BANDMANN DRAMATIC CO.

Hongkong playgoers have a treat in store lo the appearance of the above company. This i-Mr. Bandmand's latest, successful venture. It was apt at first thought possible to arrange a visit to this Colony so early in the year, but. we are pleased to see that the management have been able to make an early visit. We faci confident that this visit will give ample satisfac» tion to lovers of the Drama, as it is the ārst occasion on which' o really good dramatic com- pany has ever visited the Far East, 199

Included among the members of the present company are Mr. and Mrs. Dallas, who have so long been popular in Hongkong, dr. Sydooy T. Pease who will be remembered in many of bis successful 10les during the visit of the first Bandmann Comedy Company, will again up- pear before a Hoogkong audience. Mr. Pease will be responsible for the productions of the pieces played during the present visit and will also be the Stage Manager.

Among the members new to the Far East is Miss Florence Dalton, who occupies the position of leading lady in the present Company. Most prominent of ber successes is her performanace ol Frances Vere in "The Worst Woman, in gaged by the author, Mr. Watier Melville, at London for which part she was specially an the Adelphi Theatre, London.

Miss Lillian Lloyd may also be remembered for her clever impersonations of "Dick" in the Two Little Vagabonds," Mercia in "The Sign of the Cross, etc. Another old favourite will be found in the person of Miss Minnie Rayout, who is sure of a hesity welcome in Hongkong! The comedy element is in the safe hands of Mr. Harwood Roberts, a comedian who has done good work both in England and South Africa, and we feel sure he luba most popular in the Eas

There the growth of wheat at the doors of the Mr. Alec Alves, from iba. Lyceum Theatre, mills and the immense improvement effected London, is an ecler of whom report speak most in the milling machinery wed have made the favourably, and among the other members of pativo article cheaper and almost as good as the company we and Mr. W. R. Riley, who la imported American flour, Chios from well known for his able character studies.

The importation of oil into China from the United States is one of the leading features of American commerce...

The repertoire of the Dramatic Company f as extensive one, offering as it does types

of both romantic drama and melodrama, Among the former are such sterling successes as The Prisoner of Zends," which has lately been revised at the St. James's Theatre will great success, "The Bells and Waterloo, made famous the world over by the late Sir Hairy Irving, and the well-known play The Sign of the Close

Only