1909-09-25 — Page 5

Rulers of the South,

EXCHANGE OF COURTESIES,

20th fast. Following the usual custom, His Excellancy the Governor, Sir Frederick Lugard, will re- "turn the official visit of the now Viceroy of

Canton, H.E. Yuan Bhu-heun, who called on the Governor when passing through"from" Shanghai to take up his viceregal appointment. Sir Frederick will be accompanied by bis side. 'de-camp and private secretary and proceeds to the Southern capital on board the Colcain! Gorerament Stanley this orening. The party will board the tender at Blake Pier shotly before midnight and make straight for Canton. where the Stanley is due to arrive early to-morrow morning. On former accesions A flotilla of guebeals under Admiral Li Chen awaited the arrival of the Stanley river and it down the may be expected that the usual ceremony will be observed by the Chinese Naval authorities on the present occasion of the Governors visit. In that case the-flotlils will escort the Stanicy right up to Shameen, where the official landing will take place. The guber. natorial party will be received Canton by Mr. H. H. Fox, acting British Consul General: On his official visit to the Viceroy, the Gover- nor will be accompanied by Mr. Fox.

Come

Way

Bir Frederick Lugard's stay in Cantos will not be extended beyond one day, as it is expected His Excellency will return the same evening Ni and arrive at Hongkong, early on Wednesday

morning.

SIR FREDERICK LUGARD IN CANTON

[From Our Own Correspondent.)»

Capton, 20th September.

H. E Viceroy Yuan Shu-heun has iɔssed an Invitations to the Governor of Hongkong, Sir Frederick Lugard, H.E.' .A. 1. C., Captain Taylor, and three or four other to attend a dinner at his yamen on the 2 st jostaci. At the entertainment there will also be present the British Consul-General at Caotou, Mr. H. H. Fox, the three Tartar Generals, Admi al Li Chun, the ex-acting Viceroy, H. E. Wu Saung Lum, Tantai Bo Yai Chiu, Total Wei Han and several other depaties of foreign affairs.

SIR FREDERICK'S VISIT TO

CANTON. "

RECEPTION BY VICEROY YUAN...

22nd inst.

THE HONGKONG TELEGRAPH SATURDAY SEPTEMBER 25 1000

Opium Deadlock in Canton.

The "Anhui" in Port.

ARRIVAL OF, MR, BUTLER WRIGHT.

IMPORTING FIRM SEIZED,

BUSINESS AT A STANDSTILL.

[From Our Own Correspondent.]

Canton, 11 September,

It will be recalled that the opium merchant, Cheen Fook Cheong, was arrested some time ago on account ofhis refusal to apply from the officials for the triplicate permits to cover his impits and the movement thereof opium merchant was ordered to pay a fine of $360, but As the money has not been forthcoming the shop in Hing Lung Street was yesterday scaled up by the police antborities. As a protest

against the action of the authorities all the oplum merchants in this city have not resumed their business as yet.

.........

HÔNGKONG MEROHANTS TAKE ACTION,

NEW CUSTOMERS FOUND IN SAIGON

AND BAINAM,

HURRICANE FORCE.

MATAG'S NEW GOVERNOR

ARRIVAL YESTERDAY.

arat-inst.

3574

THE YOKOHAMA 'SPECIE BANK,

HALF-YEARLY. MRETING......

You?

FATAL ACCident at KOWLOON

DEAF WOMAN RUN OVER BY TRUCK.

The semi-annual general meeting of the zest inst..

shareholders of the Yokohama Spade Bank

The new Governor of Macao, Seabor Mar.

Kowloon was the scene of a shocking ac was held on September 9 in the Bank's ball,

CHIEF OFFICER SAYS TYPHOON BLEW WITH ? A. & A. Co.'s. Easternlastavening from Timor death of an old woman. It appears that on following accounts for the first half of this yeST goes, the ex-Governor of Timor, arrived by the cidant the other day, which resulted in the Baron K. Takahashi occupying the chair. The

were presented and passed:--- Sector Marques was received on arrival by Friday last, the deceased, who was wail ad- Portuguese official from Macau who had vancol in years, being over seventy years of When the Anhui (Capt. J. B. Harris) been deputed to Hongkong for the par- age, was crossing the roadway, when a truck Total receipts...... ************* 10,848,175 arrived in port last Wednesday morning

pos. Immediately on landing, His Excel which was being driven by two coolles sudden Brought forward from last account 1,141,678 from the North, a representative of the

leucy, who is accompanied by Lady Mary appeared round the corner.. The woman, who

Total...................... 11,989,849 Telegraph boarded the merchantman in the

when they are staying until their departure

the men's warning to keep out of the way and Total expenditure." $994,008 hope al gleaning whatever information that proceeded to the Hongkong Hotel had the misfortune of being deaf, did not hear was possible with regard to the violent

1,995,841 for Macao. Later in the evening His Excel. before the coalies had time to apply the brake, Net profil....................................

400,000 typoo which had recently swopt down lesty General Sir Joachim Machado, the Macao, the truck ran over the unfortunate woman and To reserve the Coast, to the great anxiety of both the Naval authorities and a promineel shipping Senhor Marques, and was accompanied by Delimitation Commissioner, called officially on

the shock is believed to bave caused instantan Dividend (12 per cent, per annum) 1,440,000 cons death. The scene of the dad' occurrence Carried to next account in 1,155,841 firm, who sturally entertained fears that their

was at the corner of Canton and Haiphong This Chalman, addressing the shareholders, Captains Cinatal and Norton. The visitors were

Roads and belp was immediately forthcoming, sald the guests at an informal dinner of Senhor and vessels had experienced the fall force of the

which, however, was too fate, as the poor Gentlemen,-in opening the fifty-ninth aqual typhoot and probably in distress, which happily, ware, bualess. The Ankui left Shanghai' on

woman had already expired. The two men annual general meeting of our shareholders, were, this maming, arraigned belore Mr. J. R. and presenting to you a report covering the the 16th inst, and her arrival this morning,

of manslaughter and the case remanded. Bail your adoption of the same, as well as inviting. Wood (Second Police Magistrate) on a charge first half of the current year and asking for

was allowed in the sum of Stoo

your comment to the appropriation of profits, I' propose to refer briefly to the economic condi tions of the country generally, as wall as to the general state of our banking operations,

therefore, is fully these days behi thescher

Mms, Marques.

Owing to the absence of Sir Frederick Lug day by the Portuguese visitor, who, however, in the conme of the afternoon, paid visits to the Partuguese warships in part,

ard at Canton, no official calls were made to-

We understand that Senhor Marques leaves for Maceo on board the gunboat Fatria to morrow, when Senhor Rocadas will relinquish the administratios of government of the Portu- guese Colony in favour of his successor.

22nd inst.

DEPARTURE FOR MACAO. Shortly alter ten o'clock this morning H.E. Senhor Eduardo Marques, with Lady Mar- quas, lek by the Portuguese gunboat Patria for Macao to take over the govemment of that Colony from the retiring Governor, Senber

ed time. In an interview with the Chief Officer, our representative was able to confirm most of the facts which appeared in aur last Issue, with, however, this additional information- that at three o'clock on the soth lost, the typhoon blew with hurricane force, as a consequence of which, the Anhui was obliged. to seek shelter in Halton Straits. With regard It may be remembered that some time ago

to the Kowloon-Canton railway sencalion, we made reference to the action of the Chiness our representative learnt that Mr. Butler authorities in Caston requiring dealers in Wright, accompanied by Inspector Welch, of opium to obtain permits from the police before the Shanghai Municipal Police, took passage they would be allowed to carry on their busi on the Anžuf at Shangbai to proceed to Canton, ness. The Chipsie opium merchente strongly where he will attend the consular proceedings. objected to this order which was promulgated shortly before the arrival of the new viceroy, No relictions whatever were placed on Mr. Wright and his conduct throughout the voyage presumably with the object of convincing His was characterized by a clam demeanour which Excellency of the energy and vigilance of dispelled from a stranger's mind any lingering the police. It is true that the regulation thoughts of the extraordinary nature of the axisted prior to its enforcement at this time but it had been allowed to drop into desustude: charge preferred against the well-known person ality. Shortly after the ship berthed at the buny in other words, it was a dead felter until a sada relative of Mr. Wright, who occupies a pro-kong on Friday. deo sport on the part of the authorities recalled minent position in the Colony, want on board- to their mind the fact that such an order’was

to see him, but beyond this our representative to be found in the official pigeon boles.

was unable to gather any further information.

In an excess of real, the authorities arrested one merchant who continued to sell opium with out troubling about the permit and the other mer chapts in the irade immediately gave up busi- nes as no evidence of their sympathy, with the imprisoned trader, Sjaco then the no- thorities have seized his shop and sealed it op, with the result that the trade is com- pletely disorganised and practically at a stand. still. The consequence of this unexpected move on the piti of the Chipens authorities, and the attitude of defiance exhibited by the opium merchants who continue obdurately, to refuse to accede to the demands of the police, is that the Hongkong, trade with Canton has been to all intents and purposes completely paralysed.

The Hongkong merchants bave now decided to calist on their behalf the interest of the Chamber of Commerce in, order that" the opium trads with Canton may" no longer remain under a ban and communication setting forth the facts of the case and pressing the claims of local traders bai been sent to the Foreign Office is London.

As already reported H. E. the Governor, Sis Frederick Lugard, left Hongkong for Canton on Monday last, the oth_jost., on a return An appeal was made to the British Consul- official visit to H. E. Yeas Sha-heun, Viceroy of General at Canion to make representations to Canton. Accompanying the Governor were the Viceroy on the subject in order that the Capt. P. H. Taylor, A.D.C., Capt. Simson, Pri-British traders in opium in Hongkong should vate Secretary, His Honour Mr. H. H. J. Gom- not be debered from the sujoyment of the pertz, and Mr. R. O. Hutchison, The Stanley rights of free trade to which they are entitled (Capt. G. L. Willoughby), by which the patty under successive treaties. The Consul-General proceeded to Canton, left Blake Pier shortly af had a conference with the Viceroy but nothing far trip.m, on Monday, Lieut. C. W. Beckwith, eventuated. R.M., harbour master, being at the wharf to see the Governor off. The Stanley steamed dowo by the Central Fairway and was favoured with splaadid weather all the way down passing the bistorical Bogue Forts" at the darkest hour of the day just before the dawn." On the morning of Tuesday H.M gudboat foorhes and the. torpedo boats 035 and 037 steamed up to Hunt Richa, White the Torpedo Boals provid od a rear-guard. Thus sscorted the Governor's vessel journeyed up river... The little British flest parsed Whampos Barrier not long before 7 a im. mriving at Canton two hours later. The

· vesselimopred to buoys off the Shameen. Soonary and, unexplainable demand' has arisen after making fast 10 bar moorings the Stanley in Saigon, for opium from Hongkong. -dressed-sbip.--The first Chinese-visitor-to--Praviously, the Saigon merchants bought their- miske his appearance was Admiral Li Chun, | supplies in the open market in Calcutta, but for who boarded the Stanley by the Chinese gun some reason or other they have during the last, boat Lung Shant, Later in the morning Mr. week or two tumed their attention to Hong- H. H/Fox, His Majesty's acting Consal-Gen- | kong. A weekago an order for 300 chests was aral, called on Sir Frederick and arrangemeals || supplied to the merchants in Saigon from for the Governor's official landing were then Hongkong and further inquiries are being made :completed.

was visited and the visitors entertained at

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dealing with Canton marchants have been Figsinstaly..for the trade, since the.dirart. stopped, a new outlet through. Bainam, on the West River, has been found. It is curious to note that as if an offset to the Canton embargo had been specially arranged, an extraordin

this week. Had it not been for these circam

►

A JAPANESH Newspaper,

FIRST TO BE PUBLISHED IN HÒNGKONG.

The latest additing to journalistic ventures in Hongkong is a modest little daily printed in the Japanese language for the benefit of the Japanese community to Hongkong. It is called the Highing Nigo, io, the rang Daily Nere. It specializes in telegrams-of Japanese political and commercial interest and is also concerned with the social doings of our Japanese friends in Hongkong. Chinese news, having special reference to Japan, is also made a feature of the paper, while its news letters from the Coast ports supply reports of interest concerning the Japanese communi- ties scattered over the Treaty posts of China. In the later respect the editor, is part-

Pascically at ten o'clock His Excellency and stances the opium trade of the Colony, bad an party landed at the Consulate steps on the Shathe outlook may be, would have been in an meen where a Guard of Honour from H.M. i6oitely one position that it is at present. ships in port about fifty strong and a parly of It is to be hoped, however, that the Carton Chinese soldiers had been drawn, up to re- deadlock will speedily be at an end so that ceive the distinguished visitor on landing. Sir busisess may ṛrume its normal conditions. Frederick reviewed the guard and then pro

H. B. M. Consulate, accompanied by ceeded Mr. For.

The barbour in front of Shamicca presented __the_appearance of s gala day with the warships. all dressed in honour of the Goverdur of Hong- kong. The fleet consisted of the French gun boat Argur, H.M. S. Robin, Moushen, Stanley, t.p:b. 0 35 and 0 37 and the Chinese revenue cruiser Pan

Fuiter Kal Fait to the Tartar-General Sir Frederick and party, conducted by Con- sul-General Fox, repaired to the vice regal yamen in the city where the Viceroy funcheon, Besides the Viceroy, H, E. Sir Froderick Lugård, the other grostu wote (~ The Tartar Generil, the Lieut. Tartar General, Admiral "Li

Chas Ex-Acting Viceroy Wa Seung-lom, Mr. H.: H. For, Capt. PH. Taylor, A.D.C., Capt, Simson, private se- cretary, Mr. H. H. J. Gompar.z, Mr. R. O. H frisade of bit. The Nippo is edited by icularly favoured by a service from personal chieoo, Taotel Sit Wing Nin (Foreige Secre tary), Taolai Ngi Hos, and others. Akogether Mr. Matsushime, whose long residence in the pany consisted of twenty. After lunch, Mr language of the country, peculiarly fit him to Chion and his personal acquaintance with the Med-cheong, the enterprising photographer of

comment with intelligence and discernment on. Hongkong, took a photograph of the whole group. His Excellency returned to the Stanleye current erents of interest to China and between three and four o'clock in the afternoon, Japan. We wish our Japanese contemporary

Zaler the Chinese gunboat Lung Shan, flying-long career of usefulness and success. the viceregal flag at the fore, drow alongside the Stanley. On board the gunboat were H.E. the Viceroy and a party of seven Chinese officiala, Viceroy Yuan called to returu Sir Frederick's visit. The Chinese were entertained to ten after which they took leave and returned to their ship, the Lung Shon casting off a few minutes after

yo.m

the lavitation of Consul-General Fox, the Governor and party were the guests at dinner of His Majesty's representative at Canton in the sain evening. The Governor returned to the tender about 11 p.m. and before midaight the Stanley was again under steam on her way to Hongkong. The Chinese authorities in Canton performed a gracioni act of courtesy by detailing the grabost Zung Shan to escort the Stanley to Hongkong. Under Capt. Willoughby's ex- perienced pilotage the tender arrived safely in 'the harbour at 9,50 amí, to-day her escort fol lowing half-an-hour later. It may be added that the thunderstorm, which broke over Hong. kong yesterday, was experienced at Canton, the storm lasting from 4 to 5.30 pm and then there was continuous rain, outil four o'clock this morning.

COLD STORAGE.

SINGAPORE TO FORWARD PRODUCE TO KUALA LUMPUR.

NEW TERRITORY OUTRAGE.

FIVE MEN. ARRESTED...

Recadas.

Before his departure Senhor Marques paid a

visit to Mr. J. J. Leiria, Consul for Portugal in Hongkong, who is unfortunately still confined to his room after his recent accident.

The retiring Governor is expected in Hong-

KOWLOON-CANTON RAILWAY,

QUESTIONS IN PARLIAMENT.

On the ath ult, in the House of Commons, Mr. Gianell asked the Under-Secretary for the Colonice if he would say on whose opinies the expectation was based that the Kowloon Rail way ever could, in addition to its working ex- penses, repay the principal or any interest on the money spent upon its construction,

Mr. Foller who replied said :-The' expecta- is based on figures supplied by the chief resident engineer.

Mr. Ginnell asked whether the chief resident engineer was a nominee of the Crown Agents,

Mr. Fuller. He is an officer appointed ander the Colonial Office

Mr. Gianell.-Nominated by the Crown Agents?.

In connection with the recent tragedy in the New Territory, whereby two Indian policemen ware brutally murglared in broad daylight, it is now learn that 6ve men have been arrested for belag.concerned in the cold-blooded act and the Police bave hopes of bringing to book threstion more man in connection with the dastardly affair. It may be remembered that the deed was committed pear Au Tan, in the New Territory, on the zoth August fast, when two Indian policemen, acting as Convoys to a treasure box containing som* $400, wera set upon by eight Chipames and backed to death before the unfortunate men bad

Mr. Faller (with bmphasis).—No. had me to realise the situation. Fall Mr. Gingell asked the Under-Secretary for particulars of the unfortunate occurrence opthe-Colonies whether he was aware that the peared in the Telegraph at the time and the consulting engineer for the Kowloon Railway Police have since spired no pains in tracking

war appointed at the instance of the Crown the criminals and, as already stated, their efforts Agents that all correspondence between this have been crowned by a smart capture; assgineer and the Government of Hongkong result of which there is a possibility of all the pissed through the Crown Agents hands eight men being placed on their trial,

and their wishes prevailed in all things; that the making of the railway, the order ing of material and equipment, the ap pointment of the staff, and the provision of money for these purposes, were in the bands of the Crown Agents, who exercised wallmited patronage, held a lien on the railway and on the funds of the Colony, and were regarded as owders of the railways and employers of the gifs and whether the Colonisi Office would fix any limit to the indefinite expenditure of

Mr. Füller: The answer to the first and third, parts of the hon. gentleman's question is in the negative. The correspondence between the Consulting engineers and the Colony passes through the hands of the Crown Agents under flying seal. With regard to the last part the expenditure will be limited to the amount re gaired for the construction and equipment of belie

Ip connection with the double murder which was committed at Au Tas, in the New Terri- tory, on the 20th August last, when two Indian policemen were brutally done to death by gang of eight Chisamed, three men appeared ashe Magistracy, last Wednesdar, and were formally remanded for a weak. Two more men who had been arrested in connection with the affair have been released from costody, as suffi. cient evidence against them is not forthcoming,money on this project

די

MR.-J. O. P BLAND.

DISCUSSION IN THE HOUSE OF COMMONS.

The following, from The Times of August 8th, gives the full text of a discussion in the House of Commons regarding the resignation of Mr.J. O. P. Bland as agent-general of the

British and Chinese Corporation.

Earl Winterton (Sussex, Boribam,

Opp.) asked the Secretary of State for Foreign Affairs whether he had received complaints as to the manner in which the tenders for the Tientsin Pukow Railway were being manipulated; whether, in the case of lenders opened on June 17 for the 21 engines required by the Cheklang Railway, the railway company handed all the tenders over to one of the tenderers to open and adjudicate"upon; whether be was aware that on the northern section of the Tientsia.

Mr. Ginnoli asked whether the hon. gentia could explain how it was bis answer was in the negative, seeing that it was in direct coa. diction to a statement mado on May 13th by the Governor of Hongkong,

Mr. Fuller: No, Sir.

Mr. Moore: As this is avery importantmatter to the constituents of the hon. member to North-West Meath, could we have a fuller reply? (Laughter.)

-No answer was given.

►

VIVE LIVES LOST.

Since Monday last there have been there

THE MITSUI firm.

RRORGANIZATION SCHEME.

"The Japan Chronicle learns from a Tokie dispatch to the Osaka Asahi that on the oth instantan important conference was held af the | Mitsui Club, all the directors of the Mitau Bank and Mitsui Bussan Kaisha being present, as well as Marquis Inouye. The subject con sidered was the proposed reorganization of the Mitsui firm's business. It was decided that the Mitsui Bank and the Mitsui Burana Kaisha

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In addition to the above state of things tha successful floating of loans abroad for various municipalities and companies, coupled with the sais of the various Goverment Stacki abroad. having facilitated the influx of capital from for«. oiga countries, our internal money market has become more and more slack, and the interest on money has gradually declined; and although banks in all parts of the country have gone so far as to lower the rate of interest, yet they con- tinually found themselves in difficulty to find. proper outlets for their money,

Our economic conditions, during the first half of the current year, appeared at first. glance to be in very inactive stalu; dif. faring little from the conditions ruling last year; but after a closer survay of the situa...... tion," it, is noticnable that matters appear to have altered in a marked degree. The large stocks of merchandise soom to have morly all been disposed of during the period between the latter part of last year and the spring of this year, while the bulk of the various enterprises, which suffered from the effect of the depression should be modified from comel kaiska (partner during the year before lost, have during the ship companies of unlimited liability to a period under review steadily recovend, en joist stock nodertaking of limited liability abling things to be placed more on a sound and (kabushiki kwisha), by increasing the capital of firm footing. However, having once experienced each concern. The object of organization adverse conditions, the markot le still exercising 10-afford a wider range of operations to each caution, although it is progrossing" towards" department, which will then be allowed to fair recovery. Considering the way in which work independently of the rules laid down by prosperity is returning in Europe and the the associated Mitsui family. The reorganiza United States of America. we can hardly hope. tion of the concerns was proposed some year for any immediate activity là Japan; consi. ago. One of the principal objects of the visit quantly we have not yet experienced any marke to Europe and America in 1997 of Mr. Masuda ed demand for money in various grades of Takashi, general director of the Mitsui firm

entapriso. was to study the mathods of organization by which the business of financiers in Eng land, France, Germany, and the United States was conducted and also the' means by which they protected their wealth. Mr. Masuda studied the methods adopted by such financial magnates as the Rothschilds, Rocke feller, and Cardegit, and formed a plan of operations, to lapas commercial fiims of banks in a panzership system of unlimited | liability capitalized by financiers are steadily increasing, Of these the Sumitomo, Konoike Mural and Murimura Brother are the pris

Now, looking at the state of our for- cipal. Mr. Masuda found the tendency la elga trade during the first half-year," "wo Europe and America to be in the opposite di find that the exports and imports amogat rection, business firm or banke capitalized by roughly to X187,000,000 and Y314,510,000 financiers being transformed in joint stock con respectively, making a total of 1.401,(10,000. cerns of limited liability. When a panic broke These figures, when compared with those: out, involving extensive circles, firms establish for the corresponding period of the pre- ed on the principle of unlimited liability were in vious year, show, a falling off amounting great danger, as their business was, constantly to Y.38,480,000 in imports, but as there increasing in magnitude, with a corresponding i increase of Y.15 980,000 in ex extension of their liabilities. Mr. Masuda ports, the net result is a decrease of about thought it impossible for Japan to keep aloof Y.24,500,000, including both exports and Im from the general trend of finance in the world, ports. Of these figures the decrease in importa and it was now high time to reform the bus chiefly relate to iron material and machinery, Bess method of the Mitsui family and place and this we must attribute to the fact that the their finances on a steady and permanent basi: business men of all classes are maintaining Mr. Hayakawa, General Director of the Mitasi cantions and guarded policy; while the in- Bank, and the other directors of the Mitsul cramse in exports is dos, on the one hand, firm endorsed the views of Mr. Maguda. -to -an-improvement-in some degree of our The Mitsui firm, continues the correspond-trade with China, caused by the compara- ent, includes departments for banking, foreign tive recovery of the silver, and, on the other, trade, and mining, the business of each depant to the increased export of raw silk, tea and ment being conducted by directors, scilog other articles, consequent upon the improved under the guidance of a council formed by the general economic conditions in Europe and Mitsui family, which is empowered to rule in the United States. In short, although there is all millers. Some of the representatives of the decrease in the foreign trade geneally, when eleven branches of the Mitsul family are men compared with the corresponding.period of of ability, but they are not thoroughly posted in last year, the general tendency of the trade may busicces management. Sometimes the viewe be said to be favourable to our country, and wo

sen nothing special to cause any anxiety. of the directors are ignored, instructions beleg issued antirely incompatible with the prevailing conditions of business. The object of the present reorganization of the firm is doubtles to give a free hand to the directors of the Mital Bank and the Mitsui Bassan Keishal operations has differed from the prevail conducting their business. The great advan: jeg, conditions, of, things in general, and we tagarexpected to secure from the reorganisation have seen a general briskness, dus to such seem to bave accelerated the adoption of the special circumstances as the very large sales of Government Stocks abroad, in addition proposal According to the facome Tax Law,

to a marked increase in the export of silk. a partnership company which yearly reapt a net profit of over Yen 100,000 is liable to pay.{ During the first half of this year the amount of income-tax at the rate of 2031 per 1,000 of its | exchange sold and bought in Japan on foreign net profit. The two Mitsui conceros bave been countries totalled roughly 1.30,600,000 and Ygr,576,can respectively. If wp compare these tax. When-they-are-made-into-joint-stock figures with those of the corresponding period companjer with a limited liability, the rate of the preceding year we find, the increase of licome-tax impoxad will be reduced to

amounting to Y.5,490,000 in the case of exchange 6.1 per 1,000 of net profit, as is the case with sold and V.9,850,000 in the case of exchange the incomes of juridical penoos, so that the bought; while the exchange bought and sold in amount of income-tax paid by the two con foreign countries on Japan amounted to cerns will be reduced to about one-third of the Y.79,610,000 and Y.29,390,000 respectively, A presont figures, enabling` a saving of about comparison of these figures with those of the cor Yen 400,000 per 100

responding period of last year shows that al- though there was a decrease of Y.3,410,000 fa the exchange banght, yat as there was in increase in that sold amounting to Y44,190,000 the met result was an actual increase of Y. 17,130,000 in the totals of all the exchange operations in Japan on foreign countries, and wire corsa by all the offices of this Back.

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Although, as already mentioned, the internal money market has been very dull, and while. pur external commerce has exhibited a falling off; yet the actual condition of our banking

Pakow Railway which was under German SHANGHAI-RIFER FATALITIES. paying about Yen 600,000 seually le income domination, none but German tenders were considered, whereas on the southern section, which was supposedly under British domina- tion, tenders were thrown open to the world; whether, as a protest against the discried by accidents on the river, says the Shanghat Times tion exercised and the apathy displayed by the British Legation at Peking, the Agent-of 16th inst, as a result of which five lives ration, through whom all the existing rail- other four Chinese. In the first case, three General of the British and Chinese Corpo- have been lost, ane a German sailor and the

Mr. Masuda, General Director of the Mittal, way loans had been raised, resigned during sailors from the German guabout Zwar and the week of June 18th; and whether,

sailor from the Hamburg-America Linia proposed to retire from his office last year, but the proposal was not accepted by the Miqui under existing circumstances, he would say Aragonia, were proceeding in a sampan what action he proposed to take in the interests their respective ships, intending first to go to family. Mr. Masuda is anxious to reorganize of British manufacturers in China

the Aragonia and then along to the Luchs, the two firms into joint-stock companies and Sir E. Gray. The aaswer to the first part of The gunboat was lying near the old Niego placethe finance of the family on a steadier foun- the question is in the negative. As regards wharf and no great distance from the Aragonia, dation. When this is accomplished in the event

The Aragonia was safely reached and the of the Mitsui Baok and Bases, Kaisha bang We have, however, to express great regret the third part, we have no reason to believo sailor stepped on to the gangway. Just as be involved in bankruptcy through a financial pasie, that as an outcome of the economic distürbə that article 18 of the Tientsin-Pukow Railway did so the sampan was all but overturned and the fortuans of the Mitsui family will be safe. ances of recent years, the collection of some agreement has not been fairly carried out.

two of the men from the Luchs toppled over Mr. Masuda hoped to accomplish this work of the bille discounted and foreign exchange in That article is to the affect that the German

before retiring from office, and now he has | Kobs, Osaka and Ryojna, could not be effected Asistic Bank and the Chinese Central Railways into the water. The alarm was raised and two shall act as agents of the Railway Administra- men from the Aragonia dived overboard to attained his object, he will, as soon as the pro- as it really should have bees, and the amorata rescue the men-of-warmen. Each succeeded pored reorganization is effected, retire from bad to be adjusted in the present financial year tion during construction for the purchase of all

in reaching the men, one of whom, gamed active service, retaining his connection merely by either writing off as a loss or by pro- materials, etc., from abroad; and that at Piszerek, struggled insanely and almost drown- as an adviser.

viding funds for bad or doubtful debts.. In rates and qualities, goods of German and

The existing capital of the Mitsui Bugan spito, of these unfortunate trecucions, pur British manufacture shall be given preference ed his would-be rescuer. Ladeed, so much did over other goods of foreign origin for the Nor- he struggle that the sailor had to release bis Kaisha, continues the dispatch, is only business has been active and extensiva. them and Southern sections respectively. The hold, whereupon the man-of-warsmen sank Y1,000,000 and yet the concern is doing Both the Head as well as Branch Offices business to the value of Y1,000,000 & 70, and Agencies were all able to make fair answer to the second part of the question is in the from sight. In the meantime the second offi

which represents usarly a quaior of the whole profits, with the result that they differ little affirmative, but the Railway Burean ultimately cor of the Aragoniz had put off in the sampan

forego trade of Japan. It seems remarkable from that of the preceding period. These decided to purchase nothing. The irregularity and picked up three of the men, but there were

that the firm is enabled conduct such profits amount to Yr854164.38, the appropria. In procedure referred to has already been, then no signs of the fourth. He was not seen

an immense business with only a few million tion of which we have drafted, and subuşit for made the subject of representation. As to the again.

A stone junk was proceeding up river about yen of reserve fund, but the cause must be your consideration and adoption. last two parts of the question, the resignation

Before concluding these remarks, I have of the agent-general of the British and Chinese ten o'clock on Tuesday night with a crew of ascribed to the immeasurable credit. It enjoys.

The Mitoni Bank is equipped with a capital of one other matter to refer to. Our Chefoo Corporation a matter which concerns the eight man on board. When just of the Ewo corporation alone. We have received no com. Jeity's sudden squall struck the craft and sbe Y5,000,000 and a reserve fund amounting to Agency, which was opened in Jaar of 100g for. plaints from them, nor have we any rosson to turand-turtle Four of the crew sprang-into--Yis,000,000, but it is impossible for outsiders the purpose chiety of adjusting the withdrawal to estimate the real effective financial power of the War Notes, will be closed on September suppose that they consider that his Majesty's the sampan which she was towing autem, but

this was swamped and the men were swept of the bank. Lately its business relations so, as, there being no farther, bushess of this misister at Poking has in any way neglected way. The other four clung to the mast of the abroad have much increased, and foreigu find to tranfact, the maintenance of the said their interests, în the Far East,

I Bot know of any cake where Sir John Jordan has junk and were ultimately rescued by the police capitalists have often been disappointed in en Agency has become unnecessary. *** failed to display a zealous watchfulness over patrol. Hardly had they been saved than the attempt to ascertain the real effective power of British laterests, and any charge of this kind jank sank. Yesterday the funk was raised, the bank, as it is conducted in a partners ship systém. As it is cow deemed no than it was worth, and there was always the against the British Legation is entirely unfound but the bodies of the unfortunate mon have

cessary to increase the capital to poisibility of complications arising, as, for in-

ed and unjust. I know no more strenuous and not been discovered.

The third mishap happened to a junk loaded extent actually required for the business stance, if Mrs A and Mrs. B both desired the

loyal public servant than Sir John Jordan, and with wheat belonging to the Yuen Olong Flour the capital of both concerns is to be expanded that the reported anxiety at St. Petersburg same portion of the animal. Further, with I take foll responsibility for his action. In nay

cass which arires I am prepared to give fall Mill on Boochow Creek. On Tuesday evening to Y20,000,000 each. The members of the concerning the agreement recently entered small quantities, it is always difficult to land them in Kuala Lumpur in good condition. support to well-founded British claims, if it is the boat was pulled close in thors near Lloyd eleven Mitsul houses will be the shareholders into by Chine and Japan is entertained only With a cass of butter containing 54 lbs. there required,

Road and then left for the night. At low tide of the two concerns, while the directors will also } by ill-informed newspapers, who, tha JapanAKO in ad trouble, but anything might happen to an

the jack stiled down into the soft mud and hold shares, but must relinquish them on re newspapers claim, understood that the Kirin. COLONEL Bob Leve, the genial advance agent isolated pound during the perilous journey from | 17 is reported in a Chinese newspaper that the was so firmly imbedded that when the tide rose tiring from their position. After the reorgini Kuangchengtze railway would eventually, be for Harmston's Circus, is no longer amongst Slogapore to the Federal capital. The erection shareholders of the Chekiang Railway, being the water poured into her over the stem. When ration, the system of dealing with employes extended to Norbers Kores and connected the memployed, for to-day: (22nd inst) here of a storage chamber means that there will al aware of the Nary Commissioners expected she was again visited by the crew she was fall of prevailing in Europe and America-the so with the Amur Railwayguard ceived a wire from Tientsin stating that thecom ways be a good supply available. A llet of arrival in Hangchow shortly, intend to take water and most, if not all, the cargo was dam-called profit-sharing system will be adopted. In the meanwhile, the Yapaitose Free) adds, The mining department of the firm is exclided || Rasela le endeavouring to extend ker Indnance pany will leave that port tomorrow and may be prices will be published, and the housekeeper that opportunity of forming a luagus of the aged. Fortunately no lives were lost.

from the reorganisation and wil be left to the (m. Mongoliai:) Japan: doni mot óblick to the expected to arrive in Hongkong on the rat Octo-will be able to post an order or call and inspect various publie Bodies to extend a welcome to AR LA ber, opening on Baturday, the and. Just exactly the goods for himself or barself. The days of the Commissionen. They will also bring be. The Waignpa has communicated with the direct control of the council of the Mitsui faully, passful development of Mongolia by RasaTVE wekati arrangements are to be made for the the Sunalo as an article of diet, would seem to fore them their views and urge the cancellation British Ministar in Paking asking him to order it ajanderstood that the announcement of the while Russiayit is believed, does not object to

modation of this Circus renalesunsettled | be numbered," and we trust the venture will of the loan contract, as well as asking for, Pre the engineer in leave Tungkaannaan bedden the reorganisation la expected to be made about the | Japan's pancaini, medetaksen?

sident Tang Shupa-chlem'a aatention.

concession question is disposed of. PROPE'R UZPOLIS,

* 10 t

We are informed, says the Malay Mail, that a Kuala Lumpur firm -Messrs. Cumberbatch and Co-have-been-appointed agents for the Singapore Cold Storage Co, Ltd., and that a storage chamber will shortly be erected in the vicinity of the Empire Hotel. This should be welcome news to those who reside is Kula Lumpur and district. Though spasmodic efforts have been made in the past to import regularly the Cold Storage Co.'s mest, butter, etc, var- 100s causes have militated.against their suc cass. In a few cases familiet or messes have combined to order a sheep weekly, but it has been found to be, almost more trouble

2

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RUSSIA AND JAPAN.

Toklo, 15th September The leading" newspapers of Tezlo' ballera

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