1909-06-25 — Page 17

PRICE AND COMPANT; LD.

ANNUAL MEETING.

THE HONGKONG TELEGRAPH FRIDAY JUNE 25 1900.

ALLEGED REVOLUTIONARY, ARRESTEDA

Lasy werk the Commander-in-Chief, Chad Pibg Chik, arrested a man named Cheung Sau in Weichow on a charge of being an alleged The second ordinary annual meeting of leader of a revolutionary society. This man shamholders is the above Company was held at was brought up to Canton yesterday to be tried the: Company's officesin at Queen's "Road | and dealt withi ar 13.30 this afternoon. There were present #Mesim. P. Lorreiro and A. Rumjaha (Dires, tom) 4. E. Robertson (Manager) Messrs. J. J. Blake, Ella Kadoorie, Chan Kai Ming and

Lo Tax Chung,

In the absence of Mr. J. Scott Hamton, Mr. P. „Loureiro took the chair. "He said:-Gentlemen, the report and accounts having been in your hands for some days past, 1 propose to follow the usual custom and take them as read: As you will notice from the balance sheet, the directors thought it advisable, after writing off all apparent bad debis, to make a further pro vision of $1,000 as a reservo for bad and doubtful debts. The directors regret that the result of the past year's working has not been so satisfactory asthey would wish to have seen but taking every thing into consideration it must be admitted that on the whole the result is satisfactory Our busi 'ness showed an increase of about 15% over the previous year in spite of the depression which in still with us and which has not yet shown much sign of improvement. Exchange: bas been against us during the whole period under review, but in order to induce the support of the public we have not deemed is advisable to increase our prices, which- were based on a 3/- doller. Before moving the adoption of the report and statement of accounts for the year 1938 I shall be placed to answer any question that may be pai' to me to, the best of my ability

Mr. Blake-There is one item in the accounts and that is that the amount.shown for bad and doubtful debts is enormous and I think that with a little care on the part of the office staff would tend to reduce them, We all know there are people in bis colony who get credit without "paying at all--- -----

The chairman replied that the directors fully appreciated the point" which had been before them at all their meetings and they had im pressed upon their manager the necessity of keeping a close eye on these accounts.

Mr. Blake asked if they were debts contracted by residents or people in the harbaut,

The chairman seplied that they were equally divided. They cond not press people too much or they

would transfer their custom else. where.

There belog no further questions the chair man proposed the adoption of the report and accounis,

Mr. Blake seconded. Carried unanimously.

The chairman-Dividend warrants are ready and may be had on application to the manager. Thank you for your attendance.

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The report was as I Hows:-The directors have the pleasure to submit their report and

· THE RECENT MURDER, AN

Arrested a man who is alleged to have had

On Saturday morning the Police in Honam hand in the murder of the late Tootal Lau Sza

azed June.

Kec.

a

DRAGON BOAT FESTIVAL. Yesterday being the Chinese Degno Boat Festival, the Chinese people observed it ou's public holiday in this city. In the morning, various descriptions of native craft, particularly flower-boats, numbering several hundred, moored in the water front at Honam in ena bine, leaving only a little passage for the dragon boats to pass through. The people, ap there craft and the river bank mingled together in large crowdst watch the proceedings and voci ferously cheered the dragon boats. Fireworks were a so let off during the program of the race,

he dragon bouts are generally about a ban dred leni in length and were each manuod by from seventy to eighty men, of whom some carried sil- embroidered, umbrellas, flags, etc., sounded gougs and beat drums, and other were engaged in rowing the boat. The races wern waiched with interest by the natives who spent a holiday very merrily. tappily there was no distarbadce on that day: Unfortunate. ly, however, twn'men are reported to have fellon into the river and were drowned.....

ALLEGED MURder of a japANESE, On the anth instant a telegram was received by the Viceroy from the officials of Weicbow teporting that a certain Japanese travelling in the interior was foully done to death on the 15th instant by the villagers through some reason unknown. On the following day, the deputy of foreigo affairs. Sit Wing Nio, and the expec- tant magistrate, Chan Pak Hau, proceeded to the place to investigate the case. The Japanesa Consul at Canton accompanied by his secretary also left, here on that day for Weichow on ac

count of the case.

LIKIN COLLECTIONS,'

The amount of Likin dues collected in Can- ton during the last ten days of the 4th mona as reparted to the Viceroy by the Likin officials wax 52,067.462 taels...

SUNNING RAILWAY,

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230

LOCAL AND GENERAL.

case for assault, at the Polics Court,

SIX weeks was awarded Fong Ki, an tinsm- Ployed Chinmay, for having in his passertion without lawful excuse house-breaking imple

menta.

Britain's permission to pass: No wonder our from Colas. In coming now to the many pro Fire Insurances-During the early part of Continental friends look with envious ayes at i blems with which the Empira is facad, he an- the week, China Fires were sold at Stit, bat their outposts of our Empire. The portion of joys the double advantage of belog able to ap. Stro is all that is being offered now." Hong- the harbour set apart for the P, and Oi boats is | proach them from a detached point of view and kung Fires continue firm at $345.0

TENDERS are invited for the extension of offices, like a lovely lake, the trees coming down right of being absolutely independent of the intrigues Shipping-China and Manilau are obtainable Central Police Station to the water's edge, and but for the tie smelting of the past seves of eight months. To suppose at Sto.. Douglases are unchanged and with Do works (Glasgow again 1) one might fancy ones that his Excellency will risk taking the decided business to report at 536. Hongkong, Cantos AMONG the new warships to be added to the self far from the madding crowd

live from which elder Ministers have shrunk, and Macao Steambonin, are still in request German Navy during the present, Enancial The commercial community is, as usual, ['is, of course, to indulge in speculations which |at $33.: Shell Transports have hardened, and || year is a river gunboat for Chinstead Government: House. To all of them I was in in the paki, But as President of the result of the last year's working became known, MR. J. Marshall.writes to inform us that he was largely Scottish, as are our representatives atmay or may not be justified by his record ars wanted at: 64f.. · Indo-Chinas, when tho debied for: much kindness and hospitality Ministry of Finance and High Financial Com-weakened considerably, the price in Shanghai ant bound over to keep the peace in the recent missioner, to which post it is understood that falling to Tin 50 and shares might be obtain- the Prince Regent intends to appoint him, the ble bare, somewhere about the equivalent ofthis newly returned Euvoy will bave au'almost un- rale. We quote them $68 but there are abso rivalled opportunity for solid work. Within a lutely no buyers coming forward. The London few days time the new Supervisors of provinci- price is also down, viz, 43.15/- for proferred al finances are dos to leave for their respective and £5/- for deferred abares. It is officially positions; indeed, with characteristic want of announced that the general managers are in foresight, orders, have been given for their de receipt of a telegram from London to the effect partors this week, some days, that is, before H. that the annual general meeting of shareholders E. Tang Shao-yi can arrive in the capital. will take place on the 19th inst., that £10,000 || But since they have recently bound them- |-ban baen transferred from Reserve Fund and selves by solemn resolution entirely to 18,000, from underwriting account which will avoid the inaction characteristic of Chi: then stand at 148,80 and that 655,358 has pese officials" it is to be hoped that they wi bean written off, far depreciation. The balance be ready to work in concert with the contrat of £5,161 then remaining at credit of Profit Ministry even if they do not await the Minis. and Loss account for the year 1998, it is pro- tar's return for personal consultation. How posed to carry forward. far the provinces will consent to be bound by the rulings of Paking is nooiber matter Bot all the most pressing of China's difficulties to day resolve themselves into the supreme ques tion of Spaucial reorganization, and the in. fuence of H.E.. Tang Shao-yi accept

Under the auspices of Government House ! visited the neighbouring territory of Johore and saw the Sultan's fine collection of curios, His country, in rising into new importance, thanks to the introduction of the rubber plant.

The Botanic Gardens of Singapore are beautifully planned and show in small com- pass most of the trees and plants of the tropics. I was fortunată 'in getting from the superintendent there (as well at at Calcutta) the promise of some interesting specimens for the Corporation.

The work of the municipality is efficiently carried on under the guidance of, Colonel Broadrick; he is justly proud of the roads which, macadamised with a roddish material, form a beautiful contrast to the rich green of | the vegetation. Grast extensions of the water works are in progress, and it is proposed to use the catchment area for the growth of rubber plants for profit, so I do not despair yet of the Corporation of Glasgow agreslog to the afforestation of Ardgoil.

HONGKONG.

A few muggy days at sea, during which everything on board the Macedonia was sonk- Ing. brought us to Hongkong, 10,000 miles from Loodon. Singapore was fine, but I have Dever seen anything to rival the harbour of Hongkong. The island itself is exceedingly picturesque, and hilly that horses are of no use lor the traffic; people must either walk or usa rikshas around the base of the hills, and

chairs or "dandies," carried by two or three men, on the bil roads.

|

ed financial expert will be watched with an is proportionate to the universnt dread of An impending crisis in the affairs of China.- N. C. D. News.

COMMERCIAL

WEEKLY SHare reports,

Reviewing the share-business for the week, Messrs. Erich Georg & Co. write on the rpth

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I

The valleys betwen the hills are wonderfully beautiful; in one of them all the cemeteries are and a small business only has been done, dur Oar market his ruled dull and inactive, situated; it is called the Happy Valley, but fog the week under review. The sterling whether the cemeteries are there because of demand rate of exchange on London closes at that, or whether it is no called because the 15.9 5'16d., while rates on Shanghai are Tis cemeteries are there. I could never find out. 74t for a Bank T/T. and Tls. 75 to Tis. 75 The houses of the European residents are for a three days sight Private Draft, the rate in dated all over the hillsides, and there is a fiue Shanghai on this for a three days sight Private hotel--the Peak-about 2,000 feet above the Bill being Tie 74. Barsilver in London is sea level, teached by electric car.

The Chinase Lawn is exceptionally clean and dated 24d, and Console £84 5/16. The Bank of England rate of discount is 2 per cent, and The Viceroy it receipt of a telegraphic well kept, and is a very hive of industry, Early the private market rate of discount 14 per cent. despatch from the Ministry of l'osts and Com- and late you find jobs hard at work, and seem-

Back Shares-Hongkong and Shangha! munications, in which the Sunning Railwaying in enjoy it. Many of the best shops are Banks have been done in small lots at Spoo, Company has been granted the privilege of Chinese, and contain exquisite works of art in Spug and $1,000, closing quieter with sellers at extending the Sunning Railway from Kung silver and ivory, not to mention embroideriet, $395, although the London rate has advanced Yick Fau to as far as Kongmoon instead of the fans, silks, sewed work and basket work of all to £93. 103, ad. Nationals are unchanged. city of Sun Wui as previously reported.

-or. Here again I found the same generous Marine Insurance Shares A small lot of hospitality which characterises our mission- Usions fetched $840, at which rate there are aries of empire everywhere, and I spent a de sellers. A few North Chinas have been done lightful evening at Government House as the at Tis, tos, sed more shares and wanted. In |son in Glasgow Mail:

PRISONERS EXECUTED,

Refineries-China Sugars can be placed at St35 Luzons are quiet at S15. - Perak Sugars have been sold in the North at Tle: 276,

Mining.Chinese Engineerings are on offer in the North at Tls. 181, Raubs have declined to So with sallem,

Docks, Wharves and Godowns.-Kowloon

Wharis have ruled weak and buyers offer no higher than $55. Sales of Whampoa Docks bave been put through at $64, and more can probably be placed. Shanghat Docks, owing to forced salon for Juno Settlement in the North, have declined but buyers are again coming forward, and sales have taken place at ft. 78. Hongkow Wharfs have weakened to Tis 160, but buyers prevail,

Hotels, old, have been dealt in to a fair oxicat at Lands, Hotels and Buildings-Hongkong

$68, The now sharer' are wanted at 538, Hong Sion Humphreys Estates have strengthened koog Lands are offering at the reduced rate of to 398 with (urther buyers, after sales. Shanghai Lauds are wanted in the North at Tls. '120,"

THE Government Council has been discussing the question of obtaining a national loan to extend mining and railway enterprise in the empire.

Ir is intended by the Ministry of Education to establish a latge Educational Depot in Peking to supply educational requisites to the whole of China.

We are requested to state that His Excellency the Governor bas, rode into residance at Mountain Lodge but that the visitors' book will remain at Government House.

THE Colonial Institute of Hamburg is about to start a series of lessons in Chinese for students who propose to go to China in commercial, banking, or possibly official positions. THE practice of playing what is called "apar row dominoes" has become so prevalent and harmful that the Ministry of Finance intende to prohibit the game as illegal gambling.

THE Waiwapu has personally asked the Prince foreign affairs in the provinces, saying that it Regent as far as possible to give publication to

In gowise to observe undue secrecy in such maliers...

HON. Mr. Murray Stewart's nomination by the Justices of the Peace as an Unofficial Meinber of the Legislative Council during the absence on leave of the Honourable Mr, H. E, Pollock, K.C., is gazetted..

WE regret a correspondent's request for a full

Case CADOUT_DF complied with. Tan case was reported as fully as the space at our disposal on that day warmsted it,

of favour at $81. A further gisa in Ewas bas Cotton Mills-Hoogkong Cottons are out taken place and they have been sold at Tie 12. In other Northern Mills we make the following changes according to latest mail advices from the North, Internationala, The report of proceedings of a recont Folice Coort go sellers. Lau Kuog Mows, Thi. og sellers and boy Chees, Tis. 375 nominal.

Miscellaneous-China Borneos are stili on the upward move and after sales at $4 and $144 ure quoted at $141 China Light and Powers have buyers at $61 and China Providents at $9.60. Dairy Farms are inquired for at Sio but none are to be had unless at a higher rate. Green Island Cements have been sold at 59.10 and Sg. Hongkong Electrics have found buyers at Stof and Sto

Langkats have experienced à smart recovery, az, after having dropped to Tis. 975, are wanted at Tis. 1,045. Sumatras have weakened to Ti 165, at which figure sales are reported from the North.

Two Chinese residents of Nagasaki who have brea prosecuted on a' charge of smoking last week to imprisonment for one year and ypium were sentenced at the Nagasaki Court

six months respectively,

The three prisoners Chang Hing, Li Hi and statement of accounts for the year ended 31st Su Kwan: Cheung, who were extradited to December, Iço8. The net profiti fur the period Canton from Hongkong, some time ago, were quest of Sir Frederick Lugard.-D. M. Steveh-other stocks under this heading nothing has and more era inquired for at the latter rate. Nozawa, Fukushim · Prefecture, Japan, on the

on the 21st instant taken to the execution

24th June.

DRAGON BOAT FESTIVAL. At 10,0'clock on the 22nd instant-the Chi-

amounis to $10,019.75, 10 which has to be added the balance brought forward froin 1917, $251.05, | ground and behended. leaving $10,270.8 at the credit of profil aud lass account, which the directors propose ap propriating as follows:-To pay a dividend at the rate of 8 per cest. per annum for the year, vir-80 cents per share '00 '12,000 shares, absorbing $9,600.00, to carry forward to next account $670.80 making a total of $10,370,80,

CANTON DAY BY DAY, AS

THE FLOODS.

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[From Our Own Correspondent.}

Canton, 18th Jusa;

H. E. TANG SHAO-YP'S MISSION.

transpired and rates are unchanged...

Fire Insurance Shares-Bome few Hong- kangs changed hands at $345, at which figuro the market is steady. Chians are in demand at Stro, with probable sellers at Sire). Macao Steamboat shares continued in request, Shipping Shares-Hongkong, Canton and and business has been done at $33, at which

tia-

den is 1/9 5/16 on demand. The T/T rate on Exchange-The Banks selling rate on Loc- Shanghai tu 748..

of Tlu.z for year ending 30th April, 1909. Shelf Dividends Payable. Shanghai Docks-Final

/- for account 1909. Transports-final of :/- for 1958 and interim of

have been fixed by the Stockbrokers Associa

Forward Settlements. The following dates sion.of Hongkong for Forward Settlements;-

Settlement 29th June,

JonaTM

July August September October November

30th July, 30th August. 29th September. 29th October,____ agih November.

A CONFLAGRATION occurred in the town of

goth alumo, destroying 718 buildings,. Ons person was burnt to death, Almost the antire lown was reduced to ashes.

Corporation were quoted at a thousand dollars For the first time in the history of the Hoog tog and Shanghai Bank, the shares of the

yesterday; that is the official quotation. The paid up value of each share is $125.

IT is stated that. H. E. Hau Shih-chang, Pre- sidant of the Yuchuanpu, has made up his: mind that the stain should recover control of Bavigation in the country and has accordingly invited suggestions on, the subject from the secretaries..

TOKIO journal predict that the area of the suger scandal will soon be largely increased. "They allege that the judicial investigations" beveled to fresh disclosures which lavolva. loading members of the political parties and even some members of the House of Poors.

nese annual Dragon Hoat Festival day-of his departure for the United States and Nine months all but a few days from the date dragon-boat when racing off the south bund of Europe, H.E. Shao-yi has returned to Shanghai the Shameen, was capsized by the wash from and was received on Saturday afternoon with the propeller of the steam launch Po Sing, which all the honour that is due to one of hina's very quiet and the selling rate is 574; in Shang rate more shares are wanted. Indo-Chinas are was passing at the time. There were on board foremost Ministers and ablest minds. be dragon boat about a hundred men; these those months his Excellency bas conferred with London rates are unchanged. China and During bai the nominal quotation is Tl. 54, while were all thrown into the river. On the alarm the raleas of many countries in more or less Mauilas, Douglases, as well as Star Ferries, are bring raised the people on the boats in the close touch with the Far East. His progress has unchanged, and without business Shell vicinity hurried to render assistance to the meu,

becu marked with almost Imperial digni, and Transporis, in sympathy with a rise in London Twenty-two were saved by, the water police, he himself has been received with the cordiality to 645. 98. sallars for Name shares, have buyers twenty-eight by the crew of the steam lausch

that China's envoys will never lack wheperer locally at 634 6d. for Beater scrip. Union Shamen, some twenty or so by the steamer she seeks by direct means to cultivate intimate Kong Ping, and about a dozen by the men

Waterboats sold and are wanted at $1. relations with the Western Powers. It is now on board a junk. A few more were afterward time to count the actual gain that has resulted,

Refineries without any sales and unchanged. Owing to the recent disastrous floods in Sam-picked up by a sampis. In all about eighty

Mining Shire.--Charbonnager sin shut, overal houses have either been swept men ware saved. The members of the Red

ar may yet result from what must certainly changed. Raubs sold at Soi tor tully paid up have been a very expensive mission. And for shares, and have further sellers; the Hongkong away or considerably damaged, and the inmates Cross Society op bearing of the accident pro the moment it must be confessed that the suc- Telegraph, of, 15th instanį, priate the mining have consequently been rendered 'homeless

ceeded at once to the riverside to render aid.

cess of the Special Comunissioner's journey in The Central Relief Committee and the Red it is learnt that some fifteen were drowned; the more difficult to estimate, in that its exact altimo, Chinese Engineering and Mining Com minnges's report for the four weeks ended 21st -Cross-Society pro now erecting matsheds on

others are missing. Two corpses were recover- the hill-sides for the temporary accommodation

purpose still remains something of a mystery.pany's shares ate steady at Tit. 18; the total ed na the same day and three more yesterday of the pafortunale people, until such time as by the water.police

To return thanks on China's behalf for that por output of the Company's three mines, for theQur-last-circular-was-dated-the-rith-instant-king-ovince, and-considerable-damage has- the demolished houses are re-built.

tion-of-the-Boxer indemnity, But! unpaid, weekended 29 hultimo, amounted to 31,247 1006 which the United States Government had con of coal, and the sales during the same period know that he was charged to study the financial sented to waive was a comparatively small

lo 32,175 tons. part of H.E. Tang's business. Beyond this we systems of the different countries through which he passed. But considering the short ness of his sojourn at each stopping place, it is talives of the Kansu province at Shanghai iu-difficult to believe that he can have added forming them of the condition of the famine is that province and asking for urgent, tellel from the people of Canton on behalf of the famine-stricken people in the North,

CANTON-HANKOW RAILWAY.

FAMINE RELINF.

The Board of Directors of the Caston-province, where a severe famine is prevailing „At the request of the Viceroy of the Kansu Hankow Railway Company at Canton have the Viceroy has remitted a sum of 10,000 taels earnostly reqsented Sie Chen Tung Liang and to Kaniu for relief of the sufferers.. Mr. Lo Po Sbun to continue in their offices as The Central Relief Committee yesterday re- president and vice-president respectively ofceived a lelegraphic appeal from the represen the Company, but Bath Sir Chen Tung and Mr. Lo Po Shun have strongly objected to the saggation and are firmly resolved to tender their resignations, which will take effect from the end of the 6th moon.

THE OPIUM CAMPAIGN,

Two opium-emakers were yesterday arrested for buying opium without the necessary wood- en licences, and have been ordered by iha police officials to be admitted to the opium

zefoga to be rid of their habit..

19th June,

PIRACY ON WEST DIVER, Do the 17th instant a guard boat stationed at Tong Tou, on the West River, was attacked by

at fifty pirates with the intention of carrying chill the arms and ammunition on board. The soldiers of the guard boat put up a plucky fight agost the desperadoes, but they were ultimate. ly obliged to yield, owing to the overwhelm- ing Damber of the pirates with the result that the officer in charge of the guard boss and four members of the crew were wounded.

» GANTON-HANKOW RAILWAY.

Sir Chen Tung Liang Cheng has asked the *Board of Directors of the Canton-Haokow Rail-

way Company to arrange for a general meeting. of shangholders of the Company to be bold on thead day of the 7th moon for the purpose of electing a president of the Company in order ......... that he may be reljoved from his position as

president of the Company.

.....KEUNCCHOW..

It is learnt that a breakwater will be con- stracted in the barbour,of Heungchow city so as to afford adequate protection to ships against Wika danger of lyphoons. The breakwater will be about a thousand feet in length and the cost is estimated at no less than a million dollars. * ALLEGED REVOLUTIONARIES ARRESTED,

|

A BOLD THEFTY

-At-about-8-pm, co the 21st instant, a theft was committed in the bed-room of the Junior Lieutenant Tariar General, when a quantity of silk clothing and other valuable articles said to be worth several hundred dollars were taken away, There is at present no clue for the |apprehension of the thief or thieves,

WONG TA CHING.

Wang Ta Ching, the Commander-in-Chief of the two Chinese crusiers Hol Yang and Hol i left here yesterday on board a gunboat for Hongkong en roule for the North.

OFFICIAL AMENITIFS.

The Vicerny received the German Consul and a German visitor this afternoon. In the morning H.E. Chang paid a visit to the French Sacred Heart College, where he was es 'tertained at luncheon by the French mis. sionaries,

UNSEEMLY FIGHT. "

The bodyguard of the Viceroy on the 22nd instant through some unknown reason clashed with the police on duty in the vicinity of the Viceroy's Yamen, when half a dozen men on both sides were more or less injured,

FARTHER EAST,

SCENES AND IMPRESSIONS,

much to the now edge that would have been easily procurable in Peking. The rumour cur rent at the time of his leaving America, that he bad failed in bis efforts to promote an alliance between that country and China, may not be worth very serious altention, would, however, be interesting to know for what reasons the instructions were sent from Peking, through which, as the Commissioner heen led to cut short is stay in the States.. admitted on his arrival in England, he had

and Whampoa locks sold at $66 to 564 and a Decks, Wharves, Godowns, &c-Hongkong few shares are on offer at $65. Fenwicks, an wall as New Amoy Dock Shares, are up- changed. Shangbai Docks sold locally at Tis 81; our Shangbai wiro quotes sellers of Tis. 82. Hongkong and Kowloon Wharves sold at $59 and $53, and are on offer at latter figura.. 5 ghai and Hongkew Wharves have ad- vanced to Tix, 161), at which rate shares are, chtainable.

Lands, after a further sale st $110, are, procur

Lands, Hotels and Buildiogs-Hongkong, able at $709. A small lot of Kowloon Lands sold at 530, West Points are steady at $16. Old Hongkong Hotels are obtainable at $69, while the new issue has buyers at $38, after sales at that figure Humphreys Estates con- tioue in request S9. Shanghai Lands are quoted Tis. 120,

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Ti 175, Internationals. Tis, 89, Lau Kung

Cotton Mille,Shanghai quotes : Hows Tl, 108, and Soeychees Tia. 370, ail sellers, Hongkong Cottons have sellera at $8

Sundry Manufacturing Companies ––Chiva Light and Powers dropped to sales at 55, but the market is stronger again, with small bavers at $5. Hengkong Electrics can be placed at 4 to 5o. Dairy Farms are wasted at $6. Greea Island Cements sold at: Sgito to 58 gɔ, and bave sellers at 59: In other stocks under this heading there is no change to report and no sales have been made public.

YARN MARKET,

Phirozina B, Petit & Co. write:-

In their report dated 25th instant, Messri.

The floods in the interior have not yet sub- sided, hence Chinese dealers are unwilling to

effect of a curtailment of business. Prices make fresh large purchases. Previous forward purchases are coming in, which also had the

show no change.

No. 208-A small business passed at current

rates.

threads only.....

No. 16-Business was done in selected

No. 135.No much in favour.

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FLOODS BAYO. Foached the city of Chuchi, Che.

resaliad. The districts along the rivers in Hstaosban and Fuzang districts have also been inundated." Streams to Yangchow are rising dangerously owing to the excessive rain lately.

THE report for presentation to the share- bolders of the Messagenes Maritimes at the meeting on 28th ult shows a net profit on the working for 1968 of 1, 6,590,000, against f, 7,643,000 for the preceding year. It is pro posed to use the surplus in writing-off" for

No. 10-Selected threads changed hands at depreciation. current rates.

No. B-Nothing doing, No. 6s, Ruled weak.

́Market closes steady. tes., 125 bales of No. 128, 100 bales of No. 1o, Sales:-75 bales of No. 61, 625 bales of No. and 225 bales of No. 2o1; in all about 1,150 bales.

AMONGST other things forecasted to occur in the years to come is the garrisoning of, thì . Singapore and Hongkong naval roudesrous by and the establishment of a squadron to do duty | the forces of the Commonwealth of AusIMÜSA

in'Far Eastern waters as well as in Antipodean waters. But these things are very much in

Maru, Persia, Lightning and Airays about

Arrivals: Por steamors Japan, Ysterofu | futurity,

9,000 bales,

Unsold Stock: About 30,000 bales, Uncleared Stock :-About 15p00 bales Exchange: We quote to-day as follows:-

India T. T.

at Rs. 133 per cent. Demand 1533. London T.T.

"Sb. 1.9td.

Demand Shanghai.......

Silver

1.9 5/160.-5 Tis. 741-$100.

zat per ox.

TO-DAY'S EXCHANGE,

Siliteg

We regret to announce the death of Police. man Coalan, which took place in the Govern.. ment Civil Hospital, due to, sunstroke,” Tha deceased was stationed at Yau-ma-ti Police Station, and was well liked by his brother off- casa in the Force. The funeral took place last Tuesday afternoon and was well witënded."

Ir.is stated that the Prince Regent granted an audience to the Anti-Opium Commissioners on Bunday and told them that besides sinct pro- hibition of opium sacking in official circles it behaved them to order the provincial authorities London-Back T.T........ t/9)||to prohibit poppy plantation and reduce the

Qumatisk semendingumumanist/9 5/16 || number of smokers by strict messures, 4 mooibs' sight....

1/07/16 Frauto-ank T.T.......

Do..

23 Tur loading Japanese Bankers and merchants After C Bani T.T...............43+ in the Golony and the local pressmen were the Germany-Bunk T.T............... mandiði | gosits at luncheon to-day of Mr.S. Fujimori India T.T.

........1334 | of the "Independent, Newa" of fokin, Mi, T. Fanatsu, Consul for Japan, was also present. The luncheon was held on board the maga ficant Pacific liner Tange Maru of the Nippon „tőj | Yusen Kaisha.

unut......OP angbi-Bank T.T. more Stayapore-Bank T.T. per H.K. $100751 Ipo-bos Li'l, mummomuniz Java-Bank T.T. quocusaçları

Buying

But whatever the efforts of the past side mooths, may have succeeded or not have suc- ceeded in accomplishing, it is impossible not to feel that his Excellency. has been to some exrent the victim of circumstances, If indeed it was to have been his business to draw China and America together in closer understanding o alliance was at a times too one-sided to be seriously considered-the arbitrating treaty sigued between the two countries at Washington a day or two after H.E. Tang had left China seemed to be of good augury for the task. But within a week of the Commissioner's landing at San Francisco, the publication of the Japan exe-American entanta must have dashed any such hopes to the ground. It is true that the ferms of the agreement were communicated to the Walwopu before its signature, and by the Providents at Sol and old Peak Tramways at Miscellaneous.-China-Borneosat S14, China aiwapu were thoroughly approved. But in on $131, continue in request. Langkats have faran America bad handed herself with Japan tumbled to sellers at 1141,000 ex the and in- for the protection of China, as one of the stipulateria dividend of Tis 12i per share paid on- tions of the compact, it was virtually impossible. 1gth instant. Steam Laundries can be placed for her now to enter into any arrangement af 551. Watsons sold and have sellers at $8.70. De terms of equality with the Power to which Other stocks mader this heading have not been she had just assumed the position of joint dealt in, and rates are the same as those quoted Kuardian. Far more serious, however, for the

last. late Emperor and Empress Dewager. The prospects of the mission were the deaths of the principle that "the King never dies, pevar

Reviewing the share business for the week | Mausra. - Ę. 8. Kadooris & Co, write this after- very applicable to an Oriental sovereignty, noon Two days ago the Canton officials arrested

threatened to break down completely at the two men, ore pamed Lai Ngok and the other

death of such a ruler as her late Majesty. here partly owing to the difficulty in obtaining 30

With the large amount of money lying idle Yeung Tak Fiu, in the city, on a charge of the first glimpse of really tropical vegetation, That the break between past and present was mortgages, one would naturally expect that being alleged members of the revolutionary with its groves of coconut palms and nutmeg bridged over with so little apparent effort stocks would be more in favour, but with society, of which Tam Fook was chief and trees, etc. John Chrisman was much in evide seemed, at the time, to be a piece of un- fer exceptions, there is little improvement who and three others were arrested by Admiral with none of the and look Bret Harte attributes pects it may still be so regarded. But in

ence here and still more so at Singapore, but expected good fortune, and in some res is values, and even in a few cases prices Lị Chun towards the end of last year.

to him, probably because he is not the down the light of recapi events, & suspicion ja now being paid to Rubber shares, and quite Bar Silver.....................

have weakened. A certain amount of attention months' right Germany minuunammk851. trodden, abject creature we read of in the Paci- arises.that, if no band was raised to distorba fair business has been done with Singapore Bank of England rate ...............................................................2) Z During the recent floods the district of fic sketches, Tang Hing anffered considerably but the it is difficult to conceive of Penang and

The order of successjon, it was "only be and London. magistrate of that district bas omitted to re- Singapore without the Chinese. They are sot cient force of character to take the lead. The Ltd, have declared a font dividend of Tis, alrea

cause there was no one in Peking of suffi The Shanghai Dock and Engineering Co, Sorrell port the disaster to Canton. The Viceroy bas only the beware of wood and drawers of water, ane strong map and champion of progress in the for the year ending 30th April, 1909., received a telegram from Total Hung Sam the walters and club servants, the simpan and Government was relentlessly pulled down by a it is sunnanced that the Shell Transport Chan, who reported the matter in detail. Trikisha mes, but many of them occupy most combination of minor jealousies. Since Grand and Trading Co., Ltd., hava declared a final Being annoyed with the dereliction of duty by responsible positions, the cashiers and com- Councillor Yuan's downfall it is quite clear that dividend off: for 1908, and an interim dividend the magistrate of the district, the Viceroy has pradores of the great books and of many com- - neveraly punished him for his negligence. mercial establishments being all Chinese They fate; and the hopes that once were built upon

no pat else caras to risk a zapetition of his of 1/- for acconst of 1959. atst June. have the reputation of being willing, obliging the character of the Prince Regent have failed, have risen to $1,950 at which rain, a fair hol- Banks-Hongkong and Shanghai Bank Bad honest, and they go through no end of un-

| as yet; to justify themselves.

zess has been affected but at the close they are pleasant work with the most imperturbable Yet paradoxically it is, perhaps, in this very still obtainable at this rate. The London rate cheerfulness and good humour,

confusion now so clearly prevailing at Peking has improved to 693-to that the best hopes of H.E.. Tang's recont Marine Insurances Cantone are neglected The harbour, of Singapore is magnificent.it ingrseys may be found. What he has succeed at $195 North Chinas are firm and wanted at seems to form a sort of toll-bar at which all od in doing abroad is possibly of far less im Th. Ich Unionsara on offer at $840. Yang taras |ships bound to and from the Var Rett must get | prstance thus the fact that he has beed absoat, are nominally quoted at Sajo in Shanghai,

A NEGLIGENT OFFICIAL,

NEW PAFERS STARTED.

+

Two more Chinese newspapers have bees started in this city, cas to be called the Nam Fat Po and the other Fur Tung Kung Po. The 'first will make-ita initial appearance to-morrow. the 22nd instant, and the second, on the and July next,

From Rangoon to Singapore the weather was very warm-almost as warm by night as by day -o many of the passengers, slept on deck under be open sky. The Southern Cross was visible early every morning. Penang gave us

PLASGOW TO THE FRONT.

notus" sight LIU, lumangg

monius' sight

do.

241

His Majesty the King received in audience on 21st alt. His Excellency Lord Li Ching.

days sight San Francisco de New York 44-letter of Credence, and delivered to the King 1/99/16 long (Envoy Extraordinary and Minister Plan! mentos' sight L/0.9 11f16 potentiary from China), who presented his new

45% An Autograph Letter from His Majesty the; 2 days aight Sydney & Melbouras...91315 Emperor of Chios. Bo states the Court Cired.

montes sight mooth sight France 37 lar, though we presume the letter was from the

REPRESENTATIVES of the local Press and of Regent on behalf of the infant Emperor,

the leading Japanese shipping and marcantila firms and Banks in Hongkong wars entertained to diaber last Monday night by Mr. T Fazatan, Moser, John Swird and Sons have promised a A TELEGRAM from Hongkong announces that Consul for Japan, to meet Mr. Fojimura, man- ̧ contribution of 10,000 towards the Hongkong Fujimura has just been touring South Chine ager of the Independent, Nowe at Tokin. Mt, University Endowment Fund, the Taikoo in the interests of his news agency, wit Sugar Refining Company £5,000, and the tion that the whole amount required is sub-from the Chinese merchants at Vladivostok to Ocean Steamship Compary coo on condi- THE Waiwapo, recently received a petition scribed. The contributions, totalling £40,000 the effect that the Deputy of Commerce did not in all, are indeed handsome and worthy of the possess sufficient official dignity, and in view best traditions attaching to the Taikoo Hong. of increasing foreign affairs the appointment of They will go far towards assisting the accom a Chinese Çasisul was necessary. The Preskkak plishment of raising the fall sum of 110,100 of the Waiwupy is considering the applications needed for the endowment of the University, and will consult with the Russian

the subject,