1909-10-01 — Page 11

THE HONGKONG TELEGRAPH FRIDAY OCTOBER 1 1900

HONGRONG CO71ON SPINNING,|BOUGLAS STEAMSHIP CO., LTE.

WEAVING AND BYBING COM-

PANY, LIMITED,

'UNNUAL MEETING,

ANNUAL MEETING. `-

t.

WILLIAM POWBLE, LIMITED.

ANNUAL MEZTIKO.

NOTES BY THE WAY.

a

THE FORT OF CANTON.

IMPORTANCE AS A DISTRIBUTING CENTRE,

ly'thola relating to fore meetings; a young and irres which is rapidly acquiring many vs. features of yellow journalism"; sed tam reasooing dislike and suspicion of foreign tions; which find expression in the boycott.

As an introduction to his report on the trade

As regards the lit-named institution, mal- of Canton for the year 1908, Mr. Acting Cosal.

tempt on the part of a foreign firm in Canton to General Fox-gives an interesting account of ters have now come to such a pass that any at- Canton, the capital of Kwang-tang, the most press home a. claim, however just, against a the city and port. He says: southerly province in China, in suated on the native merchant, is met by the threat of a boy north bank of the Peart River, approximately .cott In recent flagrant case of the imitation. at the apex of the vast network of waterways of a trade mark on certain underclothing of which form the Canton-Balta. Its degree of British manufacture, the Chinese magistratu latitude 33° 7′ 10′′ bilage it foto line with Mas-excused his refusal to record a conviction and cat, Calcutta, and Havana, and although its impose in exemplary, Give on the score that if climate is colder than those cities, manufacture he did so the firm importing the goods would art interested in the Canton market would do lose all their business in Canton, wall to remember that the city and the country it supplies are,to all intents and purposes, in the tropics. Ies and snow are practically un known in Canton; bananas and pineapples ripen in the

י

-THE FREEDOM OF, THE PORT. "Never put off until to-morrow what you can The eighth ordinary general meeting of The ordinary general meeting of the share- holders in the Douglas SteamshipCo., Ld, was shareholders in Wm. Fowell, Ld, was held at do to-day was evidently the mette upon The ordinary annual meeting of shareholders held at the company's offices, at noon, last Satur- the company's offices, Alexandra Buildings, at which the Government acted when it took the of the Hongkong Cotton Spioning, Weaving day, for the purpose of recelylug the report of popa, last Saturday, for the purpose of receiving step whereby the, now finons Import Bill be and Dyeing Co., Ld., was held at the office of the general managers, together with a state the report of the directors, and statement of ac came law. Whether the Government acted the general managers, Mosers. Jardine, Mathe-ment of accounts to the 30th June, 1989. Mr counts to June 30th, 1909. Mr. G.C. Moxon in a manner satisfactory to all Interests con- 100 & Co, Ld, in the forespon, last, H. F..White took the chair. Others present occupied the chair. Those present were cersed in moot point. But this much must Saturday, for the purpose of receiving the more The Hon. Mr. W. J, Grasson, the Hop. Mr. E H. Hinds (director), Mt. Harry Byre be sald is favour of the administration. Is report of the consulting committea and

Sir Paul Chater, C.M.G, Meurs. J. W. O. Bosaar, (manager), Mesin, J. M. Wong, H. Percy, was an opto secret that 'several importing firms were axerting their level best to get statement of accounts to 31st July 1909, (of the consulting committee), T. F. Hough, Smith, and E. Mauricio, The Hon. Mr. W. J. Grasson (chairman W. S. Dupree, Chan Tong and J. E. Gomes, The Manager read the notice convening the stocks in from near by ports in order to evade the new daty. Where would the Colony, be meeticg. of the consulting committee) presided). There secretary. were also present-Hon. Sir Paul Chater,

The secretsty read the 'notice calling the

The Chairman said:Gentlemen, will had the Government adopted a Fabian policy CM.C. Mr. J. W. C. Bonnar (consulting meeting.

with your permisson follow the usual custom in that event the colonial exchequer committee), Messrs. W. N. Fleming, secre The Chairman said:-Gentleman, we will, and take the report and accounts now be after for the benefit of a few importing firms tary, Lo Cheong Shio. Ho U Shang, Ming with your permission, take the report and fore you as read. The balance of profit at commanding long purits so as to be able to get all and more than they want from their agencies Kee,

Yoon Hop, R. S. Piercy, E. Ormiston, E. accounts as read, and it is a matter of great credit of working account is as you will see and branches at ports not ten thousand miles Shaw, A. Denison, and W. E. Clarke.

regret that we are not able to come be- $8,235,56 against $1,021.64 last year which The Secretary read the notice calling the fore you with a more satisfactory statement. think, in view of the depressed state of business, away from Hongkong,

and are not lo a position to declare a di-

Canton is the natural distributing centre for meeting.

and the huge rent we now have to pay, may be The uneficial member of Council made a through the wiser, ar and roses bloom all

stand against some of the claves pro- The Chairman said:-The report and ac-vidend, but as you are aware the past year has considered fairly satisfactory. Your board would bold and Bill. Their voices, however, the two provinces of Kwanglang and Kwangai, counts baving been in your hands for some bean one of extreme and continued depres- have greatly liked to recommend a dividend days, I propose with your approval to take them sion, and while cargo has been scarce there but after much consideration they have decided were as the distant thunder to the silent the former with an area of 100,000 square miles as read. The result of the working account for has been an amplo supply of tonnage to com- is wiser not to do so, baving in mind the possiear of Government. The representatives of and a population of 31,865,odo being one of the in China, the latter, with an area of 77,000 the year shows a profit of $15.734.62 as against pete for the moderate offerings, and rates bility of new competition, the general dullness the people's rights expended as little en- largest and most densely populated provinces

that seems to have become chronic and the ergy in their united protest against a mea-

square miles and a population of only 5,100,000, $23,356.30 for the previous year, the production suffer accordingly, while working expenses are for 1908/1909 bring increased to 12,539 bales, increased as exchange declines. Reference desirability of keeping down the indebtedness sure which they contended would prove from 7,977 balos in 1907/08. The balsace at has been made in the report of accidents to to the company's bankers, is therefore menace 16 the freedom of the port, but I fancy the most thinly populated and leasi developed profit and loss account now stands at $29,506.51 two of the steamers and had it not been for

The main chapoal or rather estuary, of the recommended that $580.86 should be written off they might as well have wasted their rhetoric of all the eighteen provinces. and your Directors recommend that after write these unfortanate occurrences, there would furniture and fixtures and to carry the on the desort air. As the sound-minded Mr. Ing off furnitureaccouet (543,209.49), the balance have been a moderate prefit on the working of balance forward. I would hers point out that Stewart had pointed out, the action of Council Pearl River, connects Canton with Hongkong ($16,297,02) be carried forward to the credit of the steamore instead of a loss as shown in the nothing has been written, off this item since at the second reading of the Bill will long be 9 miles distant in a south-easterly direction, the present year's accopot. The small stock of accounts.. Thje, and an increase of over 10% 1905, and as a large portion of our proseat noteworthy in the annals of the Colony and there and the Portuguese colony of Macao, sotie Sc Jaro unsold on 31st July has now been disposed in the price of coal, has affected the nett earnings fittings may not be suitable for new promises was a note of warning in his tone which some-malles almost due south of Canton. An istri. of at above the taking over price. The stock of the company's steamers, to a considerable

connect Canton with the North, West and we consider this a favourable opportunity to how sounded the death knell of the Colony's cate network of navigable creeks and cronis of cotton was valued at a safe figure and the extent, and regret that at prosent there are no

East Rivers, which with theirtributaries irrigate make provision for same. A revival in the boasted freedom. But we can bear one burden

the major portion of the two provinces. cotton market has since advanced. In view of signs of a possibility of lower prices for fuel trade of the Colony has been looked for this with a smiling face and be told to remember

year, but I regret to say that it common with the old doctrine that errare cat humanure, the activity in the yard market in Shanghai in the near future. Turning to the accounts, the result of the year's working must be con- though there is perhaps but little that needs other local businesses of our character hopes

But let us turn for a moment to the probable sidered as disappointing, but it must be re explanation, I would draw your attention to the have not materialized. However, shareholders

bave this satisfaction; they have a clean stock effects of the Bill Obviously, there is little or membered that the local market has by no item under Kxchange Account on the debit side,

advanced pari parsu" with

and up-to-date, all book debts as appearing is no objection taken to the principle of the B means

the which shows a very large increase on previous rise in the North,

so far as it provides a method of collecting We have again ex years and is entirely due to the adveria state the account are good and there is still a balance parienced considerable difficulty in securing of Coast exchange and to the high rate of dis of old stock left valued at $15,000 which will revenue. It is the method itself that is de-

the Coast Ports an adequate supply of labour, and there har count at which our earnings

be gradually realised. So far as working erprecated on all hands. It would drive many also been a very noticeable falling off in the bave had to be remitted. I trust that the pro-penses are concerned I am of the opinion they tourists away. It would make them feel that physical condition of those seeking employ posal of the General Managers and Cooling have been reduced to the minimon compatible they may no longer expect that freedom of ment, so much so that it was found necessary

Committee as to the appropriation of the profit with efficiency and co stone is left unturned to their person and their baggage which they bad to increase the scale of wagas by about 13 per and the transfer of $36,959.33 from Reserva or keep up sales. Our chief trouble in that we are hitherto sajoyed. And in the present rat cant. in order to attract a better class of work Depreciation Account, towards the writing saddled with an old lease which compels us to commercial depression in which the Colony is And stack fast, it can ill afford to lose money. people. Ac Improvement has been observed down of the values of the company's properties, pay rent out of all proportion to our turnover during the last two months and the mill is now will meet with your approval, for though the and it a zevare handicap. This will ceass.this is not all. "The man in the brass hat in full working. The General Manager finding steamers are maintained in a state of high about eighteen months hence and the questios will make himself as intolerable nuisance not that extra European supervision was absolutely efficiency it is most necessary that a sum should of a saving in this direction is having the very only to tourists bot to well-known residents ra- earoait consideration of your board. We turning to the Colony after a holiday at home. necessary for efficient working, engaged a com- be put aside each year for depreciation. The potzot Spinning Master in Lancashire and he now steamer Bai Yang arrived in October undoubtedly get our full share of such busion History has proved that, where, Customs

short line between Cantos and Samtbui, vla Arrived in the Colony in April last. I regret to last and has proved excellently, adapted as is going, and in view of the prosent sound service bas boan established, there is very say, the health of the Mill Managar, Mr. Alfred for our trade and economical in working, condition of the company I see no reason Ittle love lost between the man in the street Fatahan, the Birmingham of South China, has Shaw,brokedown in thespring to such an extent We have endeavoured to dispose of the ni-

been open to traffic gad bar, it may be remark. why we should not prorper and ere long be la and the terrible individual who owes his posi that he had to be sent to Europe on a year's men during the year and though there have a position to resume the payment of regular tion to the sophistry of a near-sighted policyed, paid handromaly. On the main line to sick leave, and during his absence Mr. P. S. been several enquiries no actual offer bus yet dividends. Before proposing the adoption of Cue may well think with horror of the bundred Hankow trains are now running as far as milo Jameson has been acting as Mill Manager. been made. The result of the present year's the report and accounts I shall have pleasure little inconveniences which will be experienced, and the Chinese section of the Canton. The iactezie in European supervision bat working, to far, shows moderate results, and ia replying to any questions that you may wish if the powers conferred on over-zealous minicas Kowloon Railway, although no portion is yet already proved undoubtedly eficacions in while we hope to make some slight economies to nuk to the best of my ability.

of the law were to be carried out to the letter, open, is making steady progress. In conjunction One may then verily be assured that "nose of with the Canton Bankow Rallway system, improving, our production. Arrangements in working, until the trade of Chins recovers -There were no questions. have been made by which the number from the over supply of a year or two ago, and The Chairman moved the adoption of the those huge tracks of luggage which are man branch lines in various directions are projected

bauled op to the doors of our leading hotels in by enthusiastic native capitalists. of local bayers is increased, and steps confidence, gederally, is restored it in difficult

report and accounts. bave also been taken to increase the direct to forecast any great improvement in theoutlook Mr. Wong seconded.

the travelling season would be safe from the danger of being arrested by any fadian cons Matlos agreed to. business with the nearer Coast Forts, such as for shipping in the East. Before proposing Swatow, Amoy and Foochow. The immediate the adoptios of the report and accounts, I shall Messrs. E, H, Hinds and G. C. Moxon, the table or Chinese lukong whose suspicions outlook cannot be considered as favourable, be pleased to answer any questions that may be retiring directors, were re-elected on the me might festes on the saratoga trunk of some the abnormally high price of the raw material asked by shareholders, to the best of my ability.tion of Mr. Wong seconded by Mr. Mauriclo, Americas globetrotter, probably an elderly making it extremely difficult to effect sales of

No questions were asked.

total abrainer from a prohibition State" yarp at a profit, while it is necessary to buy -Cotton-io order to secure supplier to keep the mill running. Before asking you to pass the report and accounts, I shall be pleased answer any questions concerning them.

No questions were asked.

The Chairman moved the adoption of the Smith be re-elected anditor. report and accounts

Mr. T. F. Dough seconded.

to:The motion was unanimously-adopted.

Mr. Hough moved that the Consulting Com- mittee be reelected as follows:-Mr.J. W. Bon-

The Chairman moved the adoption of the Bar, Hon. Mr. W. J. Gresion and Mr. R. Shewan. report and accounts.

Mr. Chun Tong seconded. Agreed,

Sir Paul Charter seconded.

The motion was carried unanimously.

Mr. Ormiston moved that Sir Paul Chater and Mr. J. W. C. Bonnar be re-elected mum bers of the Consulting Committen.

Mr. A. Danison seconded: Agreed.

On the motion of Mr. Lo Cheung Shiu, seconded by Mr. Piercy, Mr. W. Button Pella was re-elected auditor.

The Chairman: That is all the business, gentlemen. Thank you for your attendance.

N

On the motion of Ma Dupree seconded by the Chairman Messrs. W. H. Potts and A. R. Lowe were re-appointed auditors.

The Chairman:-That concludes the business of the meeting, gentlemes. I am sorry we haven't a better report but I hope that next year we will be able to show something better. Many things may happen between now and next year.

Mr. Hinds proposed that Mr. H. Percy

Mr. Eyre seconded. Carried.

The Chairman: I am sorry, gentlemen, there is no dividend warrant. Thank you for your attendance.

This concluded the business of the meeting.

ANNUAL REPORT.

The annual report was as follows-

To the zhanbolders of William Powell,

Limited.

The directors beg to submit to shareholders statement of the company's account for the year anding goth June, 1959.

The profit for the year, including the sum of $3.95 brought forward from last. account and afler allowing for bad and doubtful debis, MR. HO KOM tong's resIGNA- Bmounts to $6,372.89 and your directors recom- mend that this amount should be absorbed by 7ION.

writing off fixtures and fittings $5.590.86 and It will be noted that, of the stock which was RESOLVED TO RETIRE FROM THE SANITARY Crying forward the balance, $787.03.

BOARD.

written off when the capital wis' reduced, there is on band an amount estimated to be worth

It may be recalled that about a fortnight ago Mr. Ho Kom Tong, who has done invaluable work in connection with the sanitation of the Colony, felt compelled to resign his seat on the Sanitary Board owing to the pressure of busi-

LOSS OF "MAORI KING." -

THE END OF AN ILL-FATED SHIP.

anth September. Early yesterday morning a telegram was re ceived from Ningpo, signed by the captain of the Maori King, stating that the steamer was badly ashore at an island called Long Wha sho, in the Chusan group, that she bad big bola forward, and was asking for the immediateness and unsatisfactory health. Recognising his dispatch from Shanghai of sugs and lighters to render assistance, reports the N. C. D. News of 20th inst The Shanghai Tur and Lighter Cols tugs Samson and Victoria, with four ligh ter and pumps supplied by the Klang Dock, left for the score at a few hours 201lce. Up to a late hour last night no further informs

$15,000.00. DIRECTORS.

Messrs. E. H. Hinds and G. C, Moxon, the

retiring directon, are eligible for re-election.

AUDITOR,

ble

WHAT WILL BE ITS EFFECTS?

-WHAT-15~A~PRISON?~~*~*~*

INTERPORT AMENITIES.

10

If the description applied to Canton in an "one of the greatest smporiums in the East, old Commercial Directory of the year 1842, ranking as a port of trade either before or im Canton, the oldest Treaty port in China stil! ranks amongst the four largest porta iz Ohina. mediately after Calcutta no longer holds good,

Taking the whole value of the steamer-borne trade, Canton in 1907 took third place, after Hankow and Shanghal, and, as regarde direct only to Shanghai, trade with foreign countries, Canton was second

The expansion in the trade of the port, which six yours, should receive's' strong impetus with has been especially noticeable during the past the advent of the two main lines to Hankow and

and coal mines within easy reach, assure Can Hongkong, while the advantages it possesses in good and cheap labour, facilities for transport,

I think I have raid enough in the foregolag ton's future as a great manufacturing contre sketch, accessarily brief and imperfect, to de monstrate to Brilish merchants and manufac torem that Capton is a market worthy of their particular attention.

THE NEW COINAOB DEGREE IN CHINA.

It inrerpackable that there is hardly one town or district of any importance from,& commercial point of view within an area con- siderably larger than that of the British Isles that cannot be reached by water from Caston. Goods are, habitually transported on these waterways to points in the provinces of Yuo-

The Hankow railway loan dispute and other Dan, Kusichon, Kwangsi, Hunan and Kiangul.

A fleet of commodionu river steamers main allied happenings have bulked so large in the tains a daily service between Cantos and contemporary comment on Chiusto affairs Hongkong; smaller steamers ply regularly to that a very important Imperial decree issued a month or so ago has passed almost un- Macao and West River ports, such as Sumshul

By it the foundation stane of the and Wuchow, while some 300 launches, the noticed. majority towing bative passenger boats, keep Mackay Treaty received a renewed tardy recog up dally communication with almost every nition, and the possibility of establishing town and large village on the West, Norb and commercial relations on a sound financial basis East Rivers and throughout the Canton Delta.such as obtains in other countries looms again, Rallways in this part pl China are still in if still hazily, before the European merchante their infancy, although for some years past the of the Far East..

avenues and

|

Hitherto the greatest of the many difficulties to bs. contended with in doing business id China has been the uncertain value of avery. Chinese coin which could be tendered on eliber side. A dollar which is current. in one pro vince may, for example, be refused altogether across the border of accepted at a lower or a higher value, or require the "chop" of a well- known firm by way of which guarantee, **chop* in a locality not much farther oa will have mohort of mesolog, Again, the positive' value of coine minted in one part of Chin is very much lower than elsewhere, there Somi of fineness. being no standard mizu indeed to such debased tokens that no one can be induced to exchange them at face value. Even sycon, or block silver, be loved of the Chinese merchant beyond sur coin, has no standard of general acceptance, while the tabi, in which large quotations and usually made, is not a token it all in fact, but merely a name of commercial convenience for a value that variss'in different ports,

Canton, after Peking the most famous of all the great cities of Chios, is contained within walls some 6.miles in circumference, and has extra-mural suburbs which form the chief busi pess quarters of the city-stretching searly 5 mileslalong the riverbank. Faclog the city on the south side lies the residential suburb of Honum, Is the court-yard of a prison a fitting place on the island of that name, and on the opposite The ques side of the river is the village of Fati, whose for a magistrate to preside? tion is replete with technicalities which flower gardens, where Chinese horticulturists to the layman's mind seem too terrivie with one another in producing fir and for solution, but our learned Chief oak and-banyan trees not more than iz inches

The second article of the Mackay' Trealy Tustice with his usual capacity for the, unravel in beight, have a world-wide reputation. Here log of complex points has already solved siso some of the foreign missions have drtab sought, it will be remembered, to remedy this. the conundrom. Ar most of my readers lished themselves, and lower down the river, chaos by the gradual introduction of us. are doubtless aware, the facts of the camss which is here known as the Back Reach, the form coinage, in 1906 or 1907 an Imperial celebrs are very simple. A Chinaman was various kerosens oil companies bave erected Fedict inaugurated the required reform by providing for the simultaneous Inne from arrested on June Toth of A.D. 1909 on charges tanks and wharves,.

five mints of four colus to be regarded West of Houam and immediately adjacent to of armed robbery and murder in China xod. subsequently discharged on the latter charge the south-western suburb of Canted lles the as-legal-tender-throughout the Empire Tkii The Court, however, which sat within the foreign settlement of Shameen, a small island step, accepted as a beginning of better things, precincts of the gaol, ordered the re-arrest of not more thee 1 miles facircumference, which received a warm welcome. But since sycee prisoner on the charge of armed robbery before Western enterprise, mainly British and French, and all existing colus remained current each in.

bofamiliar mace plecen met with entire no he had left the premises. As a result of an has convened from an erstwhile barren mud their own locality at the local value, the new application for a writ of habeas corpur, the flat into a miniature township, with rows Chief Justice held that the proceedings were of substantial residential and business. build. glect, and the larger number of Chinese hare never even seed a solitary specimen of the not legal and accordingly discharged the Ings, laterected by shady prisoner. At the eleventh hour, further ar- public gardens and recreation grounds. The "universal coins" so bravely announced. gument as to the magistrate's action was island in leased to the British and French Gov. Whether they sull circulate or over. did la dif- cult to determina; at any rate, they are a wholly brought before the Chief Justice, as a result of ernments in perpetuity, two-thirds of the area which it was decided to consider the matter in being under British and cae-third under French negligible factor to the financial system, which

still worries along precisely as though the Mac.. Chambers. Verily, the honourable profession.control.

The number of foreign residents, which antil kay Treaty had never been formulated. is not all beer and skittles.

ten: years ago remained stationary at between

THE.DECREE" AND ITS PROVISIONS. Probably until all províncial mints are swapt The eclat with which the Interport Carnival 300 and 350, had increased in, 1905 to 1,200,

out of existence, and the issue of monet'cen«. total foreign population of Canton is probably fined to the Imperial Government, it will proya was opened shows that the sporting instincts of and is now (April, 1909) close on 1,350. The over 1,500. But few lots on either concession

as difficult in the future as in the past to p influence with and reputation among the The Badexed accounts have been audited by the Colony have not waned by any manner pl

There is no healthier form of now remais unbuit on, and the value of iend

stop to the circulation of debased tokens, which Chinese community in Hongkong, His Ex- Mr. H. Percy Smith, who offers himself for restimplating the friendly relations obtaining and house property has risen to such to extent

must find acceptance only at a depreciated cellency the Govenor invited Mr. Ho Kom-j-election

among Far Eastern neighbours than to Tong to reconsider his decision, but after

of the Board of "Finance Indicates that ha meet in friendly rivalry and the thanks that a lot on the British concession measuring giving the matter every consideration Mr.

of all sportsmen are due to the Cam 12.645 square feet, which changed bands in value. But the recent decree of the President It feeling his way towards this desideratum Ho Kom Tong has replied to the effect.

mittes of the Victoria Recreation Club for 1885 for some $4,000, was recently sold by

along a new Jine less capable of resist that he feels bound to adhere to his resignation.

inaugurating the fete and Messes. Jardine, public auction for $17.800 (£3,150). This works

6.6 mon) or $7.98, say 51, per square foot.

·legalising new coins, that all coins now car facilities to our Norbera visitors The Shang

It is dangerous to prophesy in the East, but rent, of whatever value, shail, from the date of bai contestants have thoroughly upheld hang everything seems to point to Shamsenbecoming the decree, be minted of one standard of five- hai's fair name by as exhibition of clean sport,

more and more the business centre of Canton.

ness and ous authorised pattern, and super- and the only regret is that the visitors have heen somewhat handicapped by the specia! That settlement is molt copycpically situated scription. The result must come slowly, until

at the front door, as it were, of the business the present variable and depreciated money is. circumstances prevailing here, but after all, it is not so much a question of who carries quarter of the city, it is easily accessible to gradually called in; but, while the former Chinese merchants and dealers, who have a

decree was graded by the simple process of natural aversion to crossing the water, and its issuing very few of the new coins, and an the greater number of trophies as the spirit of bonkowie which sports are calculated to foston It is to be hoped that the innovation introduced and that Shanghai will at some future date see- its way to reciprocats Hangkang's invitation. TUESDAY'S THUNDERSTORM, Tuesday night's thunderstorm was undoubi edly a regular blood-curdling affair. The sud derness with which it barst upon the Calons and the severo nature of the storm have not been known in the Colony for some time. Us fortunately, the storm claimed more than one death and it is somewhat remarkable that the Peak was not attended with more serious con sequences than was the case. At any rate, nerveus folk must have passed an uncomfort able ten minutės.“

CASUAL ORITIĆ.

!

G. C. MOXON,

Chairmas.

Hongkong, September 1st, 1909.

means:

tion had been received concerning the stranded | During his career at the Sanitary. Board be a PROFIT AND LOSS ACCOUNT FOR THE YEAR | Matheson and Company for providing special out to $71,745 per-Chinese moo (1 acre equals, ance. This sanonncement declares, instead of

vossal.

taken a prominent part in enlightening-the Chinese at to the benefits of sanitation and the principies of hygiene, having been one of

ENDING 30TH JUNE, 1909.

Dr.

$1,550.00 426.62

those who instituted the system of street To Directors and auditor's fees.. lectures which have proved of great vaine by To Bad and doubtful debis......... inducing the ignorant coolics to take a more intelligest interest in the operations conducted To Balanco......... by the offices of the Sanitary Depittment. In other ways he has manifested his progrossive

Cr.

spirit in the affairs of the Colony, particularly By Balance from last account ......$ where the interests of the Chinese have been concerned. Although the retirement of Mr.By Dividend from Invest-

coast

8,235.56

At the time of the mishap the Maori King was chartered to the Chinese Engineering and Mining Co, Ld., and was bound from Chin wangtao to Boogkong with a full cargo of coal. Both vertel and cargo-aro, of course, insured.

The Ningpo message leaver little doubt that she is in an exceedingly precarions' condition, 'and the possibility of refloating her. Is re

garded as extremely doubtful. Few venels have had such an extraordinary career, or earned such unenviable notoriety as the Maori'. King. She was built at Sunderland In 1890 and her gross tonnage is 3,807. As the Esperance, in 1904, she accompanied the Baltic, Fleet on its Eastward journey. Her seizure by the British authoritier and the senƒ2- tional proceedings that followed in H.M. Supreme Court, are. matters of such recent history that it is unoscessary to refer to them si any length.

3111 September, Farther particulars to hand with regard to the Maori King, which ran ashore on the 17th Instant on Longhuaha Island, Chusan Group, are to the affect that the vessel has broken in two, and that the after portion has ok forward part rests on the rocks and it is possible that part of her cargo may be salved, though only her masts and. fennel are vibin above water. The tenders-Voing to the office, says the Japan Chronicle, ́ls in toria ad Samar were dispatched to the scene of the wreck on Sunday, with sairage gear supplied by the Shanghai Dock and Engineering Co, Ld., consisting of a boller and two pumps. The salvage crew included the usual native artificers and Europeans superistendente.

ment • FREKARANTAN 94.00 Ho Kom-tong from the Sanitary Board will ba

By Transfer tats, ************ 16,00 a loss to the Colony, his services will still be at. the call of the Government should occasion By Balance of working ac arise and we may be tertain that the Govero- ment will not be slow to avail well of the advice and assistance of- one who'bis proved a sound friend of the Colony.

ALLEGED 8M882218MENT FROM SHIPPING CO.

ARREST, OF a chinese.

A Chinese named Tong Tze-ping, aged 12,

In thirteen fathoms of water, while the in the service of the Messageries Maritimes

Company, of Kobe, working under the compra- dore, in reported to have absconded on the roth ultimo, after embeuling over Y4,000 belong.

6,372.89

$8,340.gr

3.95

8,315-56

$ 8,319-51

BALANCE SOTI. JUNE, 1909, Liabilitia,

To Capital-15,000 shares $7 each

fully paid

Sundry creditors.

Unclaimed dividends

Hongkong and Shanghal Bank,

Overdraft..........

Old stock as per contra... Profit and loss accOUDI****

Assets

$105,000.00 15,655.67 17.80

12,130,76 15,000,00 6,372.89 $161,189:12

company with his family, be made his way to Nagasaki. Information was lodged at the Kobe Police Station, and the Nagasaki police was immediately communicated with. A tala- gram was received by the Kobe police on the 17th instant reporting that the Chiosso and his family had been arrested on landing at Naga saki, and a detective was soat to Nagasaki to bring the prisoners to Kabe. It is stated that Tang was engaged by the M.M. Co. a year or By Sandry debtors two ago and bad been working honestly, ob- By Fixtures and fittings. tsining the confidence both of the compradore By Investment at cont and of the manager. Lately, however; be bad By Cash in baod ́............. been spending money in doubtful plessures.......

By Stock on hand (as per manager's

contificals)..............5113,017:34 By Old stock on hand (estimated) By Hongkong & Shanghai Bank,

dividend account ...............

15,000.00

by the V.R.O. will come to be as anonal Grant Chinese official control are strong inducements the present order is less susceptible of defsat,

ol·

increased supply of the familiar local tokens. extra-territorial status and Immanity from to the merchant class to conduct their business

since, after a data not yet promulgated, money transactions on the concessions,

hot of the authorised pattern, superscription, Shameto has, moreover, the great advantage and standard will cease to be legal, tender,

water frontage measuring some 200 or

The final clause of the dacron directs that 300 yards, facing that section of the harbor paper money also must be similar in ap reserved for the anchonge of ocean steam”

pearance and of fixed exchange value through. ers, and the river stater whares com-

out the Empire. If the Government is in nito. mence on the other side of the narrow

est, the European trading community will defence creak at the east and of the able to do much to back of this admirable de- French coscession. The new Chinese band, parture, and it must be hoped all nationalities or embankment, now in course of construction, will act loyally together to that end. Diplo will in time connect Shimeen, by a broad road macy may need to move to ensure this co suited to vehicular triflor and Canton operation, but the great hongs themselves will stations of the Cantor Hankow Canton-be the first to acknowledge the Immasse ad- Kowloon Railways at Wong Sha and Tal Sha vastages likely to follow the adoption of this Tau. Occan steamers drawing as much as 17 || latest Imperial decree.” feet can come up with the tido aud'anchor in

ing

થયું.

The schema is better devised than the earlier We learn from, the Japan Gazette that Captain deep water of Shameer river steamers, draffort, only because it takes account of the Tibbals, of the N.Y.K. steamer Ryof-mar, not more than 9 r/zfeet moor alongside the Chinaman's rooted aversios for change, espe has daring, the past week had two paralytic wharves at any state of the tida. strokes. The first rather alight stroke The city of Canton to which a distinguished cially in money matters. He had no experiance heWould lose by employing them, no cortalaty occurred in Kobe barbour, and the second on traveller not long ago applied the name of of mace piece, no means of proving whether "Nightmare City," auch was the impression that his creditors would be willing to accept the 8th time while the Captain was navigat-

that its labyrinth of dark and namow street, them. None of these questionings persent ing his ship into Yokohama harbour.

the weird and often repulsive display of animal themselves under the mom doctae, and si ho It will be remembered that the exclusive is and wegetable food juffs, and fi hurrying cars at first hand the value of a fixed standard formation was given in these columns of a chattering stream of yellow humanity made coinage, the principle will find ready accept- upon blu is now well within the beaten track ince, because the Chinese am such shrewd, Jiberal:contribution offered to Prince Skun on

business men," his recent visit to Hongkong towards the Chi- of tourists and therefore needs no detailed de

Our senior Shanghal scription in this place. The city, with Staff, as seems not unlikely, the now dacre is nese Naval Fande, 194457 11,500.56 contemporary has the following paragraph 150,000 inhabitants, as moderate estimate, a first Mep not only towards a single Imperial gédo themanent:& Canton dispatch says that Mr. is one of the largest and probably the wealth mint, but alse altimately towards the conver

sion of China to a gold standard State, the first 3255 Chang Yü-nan, a wealthy Chinass merchant in jest of the great cities of China.

Its people, famous for their enterprise and fines of the History of Modern China may be the Straits, contributed the sum of Tis, 200,000 $161,189.12 for the Navy Ford when Prince Tsal Rain business capacity, have spread all over the Emsaid to have issued already under, the sign Was at Hongkong. Mr. Chang has given large pirs, and aro to be found playing leading part maunal of Prince Chua, R., O, in Pall Hall contributions before this, and has been award-in at the Chinese communities of America, Aus-

Casette

27.80

No lives were lost as a result of the accident, and Captain Stringer and the officers and crew arrived in Shanghai yesterday morning by the O.N.S. Yingakow. When the accident occur. red, the Maori King was on a voyage from Chinwangtao to Hodgkong with a cargo of coal. When passing through the Chutan Group on the 17th instant, the death occurred of one of the Chinese crew, and as the other members of the crew objected to the body being buried at sea, the vessel put into Longasho suggesteis to the Navy Commissioners. He CABLE communication with Sharp Praktised the rank of Expectant Director of a Metro-tralia and the Malay Peninsula. Täby have and anchored there to land the body. "As the suggests that in ponbern waters the only suit restored bat, owing to the faterraption of the politas Court and a button of the 1st Grade for placed themselves in the van of the movement ship was putting out again, she struck a sub ablo naval mations would be Talionwan, landline thence to Foochow, there is dalay of his liberal patriotism. The Prince was pleased towards reform and constitutional government. THE local agent of the Chlases Regissering marged rock, which tore a large hole in her Welhaiwel or Kinchou, but that should the presest on Foochow telegrams. The Foochow with his donation and granted Director Chary In Casion may be sen more markedly than and Mining Company, Limited, kindly informs forward held and she immediately began to Goverment rashly construct bases in Taku or Formosa cible being interrupted, Fermosa and his son ae laterview at which he expressed in any other Chinese city at the present day, as that the total output of the Company's threa sink. The officers and crew secured janks and Chefor, a similar predicament to the Black Sea telegrams can only pass via Japan, and are appreciation of hit liberality. The compradore the visible effects of China's awakesing in the mines for the work; anding tith September

curi the questions of the day, were particular) / (ka period to 777795-40 1988/737 proceeded to blogpo, reaching their destiastion | restriction insposed on Russia would be suffered chargeable at the Japan rate. Delay on telo. of "forsign firm is also reported to have made shape of patriotic societies whose ledere die amounted to s6,513.5 tons and the sales deries

gramy in Skangbal und beyond is now sormal, a divation towards the Navy Faad.

H.E. Tan Hsia-héng, Director of the Navy Department, han submitted a memorandum of

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