1910-01-21 — Page 11

THE CHINA LIGET'AND POWER COMPANY, LIMITED.

CONFIRMATORY MEETING.

THE HONGKONG TELEGRAPH FRIDAY JANUARY 21 1010

NOIBS BY THE WAY.

POLICE SMORER

AN ENJOYABLE EVENING,

HONGKONG AND SHANGHAI

SODA BANKN

VANNUAL DINNER.” The third annual dinner of the Hongkong and Shanghai Banking Corporation was held on December 16 in the Empire Rooms of the Trocadero Restaurant under the chairmanship of Mr. C. S. Addis. Sir Robert Hart, O.C.M.D., occopied the seat on the Chairman's right, while Count Mutes, CV.O. sat on his lali, There were in all about 150 present.

"THE BANK."

j

in the archiven of the Hongkong and Shanghal Bank (Chears.) The capital, was only five millions of dollars, highly modest som, when we think of the position of the Bank to-day (Cheers.): 1 took the prospectes next day to my friend Mr. Pollard, who was at, that time the most eminent counsel in Hongkong, and I said to him," You may make a business of this He saw it in a glance, he saw a fan of ten thousand dollars immediately (laughter) and he took the prospectus round, to; all

with the leading firm in Hongkong, and

THE HONGKONG UNIVERSITY, The interesting correspondosch which"re- contly passed between Sir Pani Chater Anextraordinary gaseral meeting of the China and His Excellency on the subject of the Hongkong University must have been puisLight and: Power Company, Ld., wat held at

the oflens of Mestrs. Shewan, Tomes & extremely gratifying to those who see in a University at Hongkong an increase of British Do In the forenood, last Saturday, for the

prestige. The Colony is now in the happy purpose of considering and if thought fit

position of being able to tell the world that the confirming as special resolation the sub-ivinity is a sit cccompli and the people have joined resolution which was passed by

reasons to shake hands with themselves. The father arequisites majority at the extraordin

realisation of a project which at one time asem- ary-siperal meeting of the Company held

ed impossible of accomplishment and which on the goth day of December, 1909. There

almost bordered on the side of the grotesque - wars prstani :—Mr. Robt. Shewas (Chairman) owing to the Colony's peaarloos condition 20 Manars. H. J. White (Oogoltips Committee).

at the time the scheme was first given ex- A. G. Gordon, J. A Young, B. W. Terrey, H.

pression to must be considered one of the most F: Campbell, and D. H. Young (Secretary),

remarkable achievements for which the citizens The notice convening the meeting having of Hongkong have been responsible. The

·bean road;

history of the University's birth will be written The Chalimao proposed that the Articles of in golden letters and if the names of some of Association of the Company be altered, the Colony's barefactors are to find place in 37, Invening therals immediately after that glorious record, these of Sir Frederick paragraph 4 of Clause VIIi, a new paragraph' Lugard and Mr. H, N. Mody will occupy the hau baon Mr. Peel acted as accomproist of the great innilation we are met to colabtato to take advantage of these opportunities' and get anybody to take a singla sbare'in his 'capite

རྩྭ

a follows:-

5. Whenever the Capital of the Company is divided into several Classes of Shares -all or any of the rights and privileges attached to any Class may be modified allared sub-divided re-arranged or dealt with by Special Resolution of the Company passed pursuant to an Agreement in writing, made between the Company and some member of the Class purporting to contract on behalf of the members of the Class provided such agreement shall before the Special passed, be ratified by Resolution is Extraordinary Resolution passed a separate Meeting of the Class, or by writing under the hand of the holders of at least two-thirds of the Shares of the Class and it shall be no objection to..any such Agreement that it provides for a reduction of Capital otherwise than in accordance with the legal rights of the holders of shares of dividend or bonus otherwise than in accordance with the rights of the Holders of the shares of the Class or for the allotment of shares credited as fally or partly pald up in satisfaction or part satisfaction of such dividend or bonus and for the purposes of this Clause a Resolution shall be a Ex- traordinary Resolution when it has bien passed by a majority of not less

of

Arst and foremost place.

"PARADISE LOST.

in the course of a certain litigation the other day, one of the witnesses facetiously re marked that the plaintiff in the action ex pected to find Hongkong a paradise but that Hongkong could hardly be called a paradise or a misty day. That gentleman le probably right and it is also probable that the party in questing did not have to wait long to

revelation.

Cynical tremendous be treated to critics have always shown a partiality to assigo to gloriens Hongkang weird associations with the dark regions, but this is doubtless we should try to convince out conscience by forcibly impressing upon our minds the homely adage Chacun son gout." One thing which forcibly reminds the exile on these shores of the homeland is the glorious an. certainty of the weather. For instance, who would have thought that after the wretched muggy atmosphere of the last few days, when would dawn with a cloudless blue sky, But to sip the pleasures of life we must also swallow io mouthfuls some of the unpleasant things of

tasin 'Freach

durios

With

|

The tons of "The King having been cordially drabi

Last Friday night, members of the Hongkong Police Force once more demonstrated whatthey, Can de la the way of entertainment, when not engaged in preserving the peace of the Colony. This was in the form of a smoking coscart which was held on the well-appointed promises of the Water Folice Station at Tris-tau-taul. Liest, O. W. Beckwith, RN, took the chair and from half-past sight to a late hour in the.. morning, had the task of announcing numerous items which were thoroughly appreciated and which Mid full justice to thore

The Chairman, who was greeted with cheers, who took an active part in the even submitted the toast of The Back" in the There was a large following terms: Gentlemen, at the Grst of ing's entertainment.

these annual dinners the Chairman 'turned to number of guests present, who ware made to

ma, ai ka rose tu propose the toast I am about feel perfectly at home and whose creature com

to commend to you, and asked, "What is the forts were indefatigably attended to. such congenial surroundings and the excellence Blok?" Uertainly no one war better fitted to of the entertainment provided, the concert answer that question then he who himself had could not but have been the success in siwanid well and truly in the pass the foundations the evening and ably discharged bis to-night. (Hear, hear.) But 1 suppose the idea arduous duties."

he wish to convey was that, after all, a bank is ** With such an extensive and varied programme something more and other than the sum of an was presented, it is difficult to make discrimi- Ra component parts, and that a speaker astions between the respective items and space liable to be betrayed into confation of forbida the description of avery individual effort thought if he fails at the outset to establish but suffice it to say that one and all were or some kind of relation between his conception cellost in their way. The comic element of a bank and that of bis audience. Hem was supplied by gentlemen of whom it can

be speaking for example of the bank in the safely be said with so undue exaggeration abstract as a factor in production, or as au slo- that what they do not know in the gentlement of the division of labour, while all the

The

time his audience may be pict it of side-splitting is not worth knowlag

picturing to them. emotional variety was also not neglected. selves a body of shareholders who have 16 Ons of the most appreciated items which was sociated their capital for the purposes of profit given in the course of the areaing was a word or again, they may be regarding the bank in swinging exhibition by Mr. Bargess, King's the concrete, from the point of view of admini Medallist, of whose marvaliong dexterity an Ides may be gained when it is stated that with his eyes blindfolded, the parformer made gumber of rapid thrusts in the air and came out of the ordeal scatheless. Many of those present probably could not do with indian club what the performer did with a pair of swords. Another interesting item ware a series son, who succeeded in completely mystifying the audience with his claver conjuring. One of the conjuror's bast exhibitions was what may be aptly termed "The Perpetual Top: Hat," from which package after package of various articles were produced with almost ex- asperating ease, and the performer's beast must have thrilled with delight when a volcu zmong the audience called out: "Lead me that "at!" The performance was undoubtedly a folshed conjuring exhibition.

art

the exception" of the firm Jardins, Matheson and Co. every firm of repute and distinction at that time in Chios, put their names down as members of the provisional committes of this Bank with its Bro mililoa dollars of capital. The prospectus was sent out with the names of the provisional com- mitte. Within, less than a week the whole of the capital that we could possibly allot to Hang kong was taken up and stood at considerable premium. The ambassador from the Royal Bank of Chins arrived in dus courée a fortnight or three weeks afterward. His name, 1. re-

that, given two men of equal capacity, the advantage will lie with him whose faculties have been the better trained? (Cheers) His three or four extra years at the university will not have been lost. Sooner or later he will. prertake the start gained by his contemporary, who has gone straight from school to the office desk, and, in the end, he will gain enormously when in the higher banches of his profesion he has to tackle practical problems in the light of principles acquired in the schools, to let me bave my say, "Who is wise and be, Well, gentlemen, you bave been good enough shall anderstand those things? prudent, and he shall know them? At one of the list meetings of the Bank in Hongkong, at which Sir Thomas Jackson was present as chief manager (land chens)the Chairman lament ed the passing of our day of "profitablo sicin- sion, gone over to return. That was correct prophecy so far as the seclusion was concerned. But what about the profits? A wider (Laughter.) I do not believe it. plies (opportunities, itd I am confident that market increases difficulties, but it also multi- those who are to coms after us will know how collect, was Mr. Novel Porter He could not to turn their necessition to glorious gala. alt he could not discover a possible' Director- mighty anywhore, and I good hardly tell you that Gentlemen, a great inheritance, a fabric of credit fashioned by the patient, i had within an incredibly short space of time the. almost said the pious, ardour of those who Royal Bank of China was wound up

Bot bave gone before you le passing into your Bombay with, somewhat unfortunate if/ hands. What are you going to do with il signominious results. That is really the history it destined to dwindle in cervoless fingers, of the genesis of this great undertaking. I felt or be raised aloft

by strong, young perfectly confident that in daa time we should arms to still greater heights of bobafcient arrive at great results, even although we began power? These ate the questions the yeart will is a somewhat modest capacity. Those results bring, and, knowing you as I do, I cannot doubt we witness here to-day, those results we hav what your answer will be. Gentlemen, I ask bean conscious of now for many years, and they

foast of "The Bank." you to charge your glasses and to driek the are due to some extent no doubt to fortultone

The toast was very heartily honoured.

conditions which favoured the Bank at it. commencement. I refer, among others, to ong which my friend Sir Thomas Jackson is more. conscious of probably thanil am. (Cheerk) I do not mean to his appointment as a humble accountant in the Bank, but to the fact that when the great calamity of 1885, the Overend-Gurney business, occurred, and all the other Eastern banks took fright and shortened' the usance of their bills in four months, the Hongkong thereby collared the premier batiness in Chion and elsewhere in the East, Gentlemen, I have pow great pleasure in proposing to you the health, the well-being, the constant progress and advancement of the staff of this Bank in support of its great future, and in accompa ing the toast with the names of Mr. Rdwardson and Mt. W. Adama Oram.

the Class or for the payment of a ❘ everything felt sticky and clammy, that Friday of card tricks and sleight of hand by Mr. Gib.at, and looking at the youthful faces before me, toast, in the place, I have been at first Bank malotained the term of six months and:

than two-thirds of such members of the Class onlitied to vote as are present in person or by proxy at a separate General Meeting of the Class of which Notice specifying the intention to propose the Resolution as an Extraor dinary Resolution has been duly given and so that the quorum of any auch Meating shall be three members lent of the Class and so that the Meeting shall be called in accordance with the provisions herent.

1. By inserting immediately after paragraph

this drab and dreary exinence.

THE CONTRACTOR'S DELIGHT.

оп the

Many bays been the occasions when the cry bas gone up "When will the new Law Coan be finished?" The work new bandsome promises to be occupied by the focal higher courts is approaching completion in that felsurely style beloved of Chinese con tractors and meanwhile the present premises which are shortly to be deanded of Hongkong's legal luminaries continue to be a disgrace to the Colony. On occasions when the courts are overcrowded some of the legal exponents and members of the Fourth Estate have to look cheerful with standing room only and no more, but that is a thing which can be easily tolerated in Hongkong. Oh, won't a joyful sigh go forth when the much-needed building is completed San Francisco after its recent destruction was built in two-t core of masths but in Hongkong

7 of Clause XVI, 'a new paragraph' they take yours to erect a building,

·iollows:--

8. Any General Meeting declaring a

of Dield-

ando DŽI

wha than in

Dividend may direct payment of such Part Dividend whoily or in part by the distribution of specific assets and in particular of paid up shares Debes inres or Debiature stock of the Company or of any other Company or in any one or more of such ways and the General Managers shall give effect to such direction and abere any dificulty arises in regard to the distribution they may settle the same as they think expedient may issue gradient and in particular may fix the value for distribution of such specific assets or any part thereof and may determine that cash payments shall be made to say members upon the footing of the value so-fixed in order to adjust the rights of all parties and may reat any such specific assets in Trustees upon such trusts for the per- soo entitled to the Dividend as may saem expedient to the General Man agers, Where requisite a proper con- tract ball be filed in accordance with Section 7 of the Companies Act, 1900, and the General Man agers may appoint any person to sigu such contract on behalf of the perrons entitled to the Dividend and such appointment shall be effectiva. Mr. H. P. White seconded. Carried unanimously, That concluded the business.

PAHANO CONSOLIDATED,

ANOTHER EXPERT AND INDEPENDENT REPORT TO BE MADE.

From the London and China Express of December 17, we take the following:

“OVERWORKED JUDGES.

While on legal topics, I wonder if any love is lost between our paternal Government which provides but two judges for, a people who are fast acquiring an apmistakeable reputation for a love of litigation, which seems to in crenss by leaps and bounds with the increase of the Colony's commercial importance. Oze is inclined to ask oneself: Is it fair to the

1

judges? The answer is perfectly obvious. In spite of the fact that the two solitary judges of the Supreme Coast are working double-tides,

are wholly unable ordinary voltage of fog to cope with the extra. shoulders and this fact perhaps can be made clearer when the reader is informed that a cate occasionally arises of such complicated mature that it requires mouths and months for the unravelling of the many intricaciescontaiond in it. One such case in at present engaging the attention of the Chief Justice, who is at times almost faced with the startling prospect of bearing five bawigged barristers address kim simultaneously at psychological moment. The case in question is expected to last for wacks and the other actions on the records hava: benn relegated into the noknows mysteries of the fature. I believe there was some talk re- cently of securing the services of a judge from Shanghai at certain periods of the year but the Local courts have not yet been graced with his much-needed presence. At no time was the meed of more judges more forcibly felt than now. Will they ever come 2.

During the year ended July 35, 53,856 tons JOHN CHINAHAN IN A NEW ROLE. of ore were treated, yielding 893 tone of black.

The following spicy paragraph in worth re tis. In addition 16.toos of alluvial tin wore producing: Doctor Gell, to bis latest volume also obtained, making a total of 919 tone, of on Chins, informs us that Chinese young value of £69.576. The result of the year's men are beginning to whistle.) It is well, work at mines shows a profit of £5,105; from Thougs, they are: father hats for "Oh, Oh, this has to be deducted interest on loans, &c.. Antonio ;" there is solace for them in the ramour and London-expresos; £3,379, in that, that the forthcoming pantomimes are full ́of bit of £1,391 remains after charging £6,574 | the very brightest melodies. for,shaft sinking and maintenance of machin ary, and 46,229 for Govemment royalties. The serious over-estimates, in the quantity And value of the ore reserves was fally ex- plained to the shareholders at the extra- Ordinary general meeting - kaldı in,

as then Mr.

July inst

--Casual OritIC,

"ROWING.

SCRATCH-FOURS.

The V. is holding scratch-font

sales engineer of the Homeo, Company, race on Saturday, 29th fast, and cat the 5th

The programme was as follows :— Song Love Me & the World is Mine, Mr. Brock Field Solo...Selected...Bandiman Feritfeld.

anzo.mem Vain Regrette

Alles

Edwards

Prol. Burgeau. 3 Day

Lavery. "HOR

stration, and saying to themselves that a bank is what the executiva makes it. Those are, of 'course, only different aspects of the same truth, and it does not seem namalural that it should be the last which appears to lend itself 10 special emphasis on an occasion like the pre- sent, when members of the bank staff past, pra I might add, future (bear, hear, and cheers) are assembled together in social intercourse to Sght their balties over again, to revive old fiendships and to plant the seeds of new to exchange the experience of East and West, to learn from the wisdom of age, and be cheared by the sallies of youth." (Laughter.) It is true that a bank is no stranger than the men who tuo it, and it seems to me a alutary thing that those-by far the larger portion of my andinccs who are in trois. ing for a banking career, should have the

marking Anaal opportunity of

the solidarity of their profession, and of leaming to magnify their office The future is with the young. No one, least of all those who bave grown gray in the service of the Bank, will be inclined to underrate the difficulties ahead or to dispate that the problems confronting the coming banker are in their nature, wider, subtler, more complex than any with which his predecessors -have had to deal. To take point. Consider the amazing only one celesdevelopment in aur own time of the means of communication in the beavers above, on the earth beneath, and in the waters nodar the carth" (laughter)-how it has in ffect dimin. ished the superficial area of this habitable globe, contracted the ends of all the carib, and marg- ed the entrepads of the world in one comman market will all ibe attendant struis and inca gity of cosmopolitan competition, I want to emphasize this point because I am persuaded, Land I'should like, if I could, to persuade you, that these now conditio will have to be met by new methods. This old insular bot ties will not contain the new wins of in

areational trade, I confess, for me part, 1 have no patience with those laudators of times past, of the no-called practical system of mercantile education, which consists i naching & Ind from school at a tender age, and plunging him during the most impression able years of his life-between 15 and 20-o the mechanical routine of an office. Can you imagine anything more deadening to the mind and spirit of a futurs captain of jadurity? I

Mr. Colub. ...Song of Hope & Glory, uppmann 17

Is anybody looking for Widow, bot Tintokusa, The Village Play, Swordi Club Exhibition. (King's Medallist) Song.... ....” John Wille”? come on. Song Dance.....Clog Danse..... "Bond.

...Selected... Van Bolo. of **** 802......... Follow my Advice Light of Day...

****** Summer- The Trumpéter,

Bosworth, .....Hiding in the Ammunition Van, Tomkins. Violin Solo .................................. Study,

"Edwards. Boog...........The Jovial Monk.....................

The Chinaman

Bbort,

Hoge.

Bunyard.

Recitina Revange..by Lord Teangson)... Bosworth.. Card Exhibition and Sitight of Hand, Gibien. Song ng Women get the best of ti, mapp Day: Song and Danco....Clog Dascousins, “Lavery, Ficcolo Solo Selected Bandeman Eaglefield. Song Deaf, Dam and Billy,r. Allen.

Beck. ...Right in the Middle of the Road...

came Salected

** Cobb, d Tomkins.

Crew Summer,

scalca

Farmer Glletten Come out of that at once My Girl's & Yorkshire (Kri The Committee consisted of the following gentlemen Meats. A. C. Langloy (Presi

ei), R. H. Wille (Secretary), A Fattison (Treasurer), Messrs. Boole, Caygilt, Davis, Boulger, Karber, Jackson, Edwards, Sutton, Munday, L. A. Langley, Garner, Thompson, Brook, Connaughton, Thomas and McCorkell,

EMPLOYMENT FOR FOReign. ERS IN JAPAN,

ADVICE BY BRITISH. CONSDL.

In his Report on the Trade of the Consular District of Yokohama for 1908, which bas only just made its appearance, Mr. Harrington, British Acting Vice-Consal, gives the following advice to foreigners wishing to obtain situations in Japan't-

*

for

'The staff at Hour AND ABROAD.” . Sir Thos. Sutherland, Q.C.M.0 who wan greeted with loud cheers, proposed The Staff at Home and Abroad." He said: It is not altogether without, I think, a certain ap propriateness in more than one seas that should have been invited to propose this official all my life in a modest but meritorious company, in which capacity I have made occasional excursions into banking and other complicated affair, and I have, therefore, bad the advantage all my life of knowing the joys nod surrows, the toll and the labour, and the ambition which the staff of such enterprises require, not only for their own sake, but for the success and prosperity of great undertakings such as that which we celebrate here tonight. And there is, perhaps, appropriateness in au- other sense if I may be permitted to say without undua egotism-and, if there should be undue egotism-I beg you will put it upon the shoulders of my friend and colleague Mr. Ratk hose, who has asked me to address you in these terms to pight for only yesterday I took from a drawer in my office a copy of the original prospectus of the Hongkong and Shanghai Banking Company, and I find my name inscribed in that prospectus as its est deputy chairman, I bag to add, moreover

trust you will forgive the egotism-that, without the co-operation of any person at the Romeal, I wrote that prospectus with my own hand, and bat for that little historical fact in nl probability the Hongkong and Shinghal Banking Corporation would not have come into existence. (Loud cheers.) The relation of that little bistory may very shortly be told, and may be an arrangement to those younger mam hers of our company who tra about to start out to life, with, no doubt, greater advantages thro ever enjoyed, who when they wish to start a bow bank for themselves know exactly how to set about it. (Laughter.) I happened. to be in the beginning of the year 1864

& O. steamer P a passenger on a small was then making the voyage from Hongkong, was Manila, and ber spond was not of an to Bwatow, Amoy, and. Fonchow. Het game excessive character, in reference, at all events, to these modem times. I believe she was able to sccomplish something like a speed of eight knots or thereabouts, under the most favour able circumstances (laughter) and therefore, within eves a short voyaga like thal, gave for reflection, for reading, and for

that

(Cheers.)

Mr. Edwardson returned thanks on behalf of the London staff, laying emphasis on the good work done by the Athletic Club is promoting good fellowship and esprit de corpa Among the staff,

Mr. W. Adams Orama replied on behalf of the staff abroad, and was in particularly happy: vain In his stories from the Far East.

Mr. A. M.Townsend proposed the health of the guests, tentioning the names of many pre sent; and replies were given by Count Muis and Mr. F. S. A. Bourne, C,M., Sir J. L.. Mac- kay, O.C.M...R.C.LE, proposed the health of the Chairman.

7

S.3. "KAGA MARU”

́'ARRIVAL AT YOKOHAMA,

Referring to the recent accident to the ss. bave been received by the Nippon Yusen Kara Maru, we are advised that cable now Kaisha from Yokohama stating that the. Kaga Maru arrived safely at Yokohama in the after noon of the 13th inst, being only six daya. behind schedule time at Yokoham 1.

OSAKA'S TRADE WITH CHINA.

May these old rule-of-thumb mabode will po plenty of Orlindur mind general ihn decrazia seen in the first half was balanced

COMMERCE AND THE UNIVERSITY. My own conviction is, I give it for. what it is

am

longer audice.Mes will be compelled to re coraits that commerce is becoming, has beas, of course, all young men mait enden.

vour to do. Well, there are two outstand come, a science in which none can hope to ex- cal but he who has mastered its laws, Abroadering features in connection with that memor. abla voyaga of mins which rest_ja'my re- patlook as men and affairs, s more intimate

collection mont keenly even to the present knowledge of the relation of things, a new

day. The first of these is one which mental equipment, all, in fact, that wo imply when we describs, a men as well. sure you will never anticipate, and that is that educated will be demanded, is being de. I tried, with all the skill and power I could manded, of those who seek, I will not say possibly use, to induce the cook of that vessel in understand what was meant by a diser à la 10 excel, but even to compete on even terms with their highly-trained Continental Aurre, then an almost unknown comblustion in the Far East, and I regret to say that my neighbours. (Heat,bear),

efforts were unsuccessful in that respect. But the other recollection, which is paratiount, in that there were on board that ship a number of copies of "Blackwood's Magazine" which contained articles on the subject of bank- ing, and especially on the highly meri. torious character, of Scottish banking as com pued with, any other kind of banking in spy other part of the world. (Cheers.) And I absorbed these articles; they fascinated mo. I had never had a backing account to my lite. (Laughter.) I had only an account with the Compradore, which was geberily over. drawn-loud cheers and laughter) but it appeared to me that, if a suitable opportunity occurred, one of the very simplest things in the wesld and one of the wirest would be to start a Scottish principles. (Cheers) bank in Chins more or less founded upon

THE YEAR'S RESULTS.

Referring to the trade of Osaka with China for the year just closed, the Osaka Mainichi remarks that owing to the low price of silver and the trade depression in Chipa, the trade of Japan with China for the year under review was very unfavourable between January and August, but subsequently the candillon oftrade praved, the ilver market zosa tas gradually im at the end of the year. In the trade of Osaka with Chias, continues the Orska paper, the ex-. porte amuuated in valos to Y31,474,978.up to the end of November, an increase of 5,450,000 in round figures on the value for the corres- ponding period of the preceding year while the imports showed a decrease of about 1570,000. The value of exports and imports up to the end al November last year, comparad with the gates for the corresponding period in such of preceding three years, in an follows

1900. 1007...

Exports, Imports „Y35,315,596 ||-Y5310,656-

8,170,665 35,090,91? 20,024,297

4.965,859 31.474,978. 4,387,140 The expansion in the exports last year is accounted for principally by an increase of

1908. 1909

3,700,000 in cotton yarn; Y1,500,000 in grey shirtings and sheetings: Y520,000 in sugar; and about Yr000,000 in cotton drills, In the imports raw cotton showed a decrease of 1,400,000 and ingot steel of about V230,000, but no other goods showed any change worth- special note. If the present favourable quota tion for silver be maintained in the New Year, (and 1907 may be repeated, Japan Chronicle. concludes the journal, the activity seen in 1990

HONGKONG POLONIBUR CORPS.

"Inquiries are frequently received from *A TOʻDAY'S ELECTIONS.

British subjects in various parts of the Empire To-day, one of the greatest bloodless battles as to the possibility of obtaining employment will be fought in the world's great metropolis. in this country, Ladies ask for positions as We who are so far removed from the exciting gevemesses, typists, teachers, &c., while mea's fecidents connected with the event naturally requests vary from clerical work to sacsi-techni. worth, that the time is not far distant when find it difficult to predict what the result will be cal employment on railways, docks, &c. li university course will be considered as indis- may be said at once that positions obtainable, pensable A preliminary to the higher walks of but whichever party is returned to power, it is

commerce as to any of the liberal professions. to ba sincerely hoped that the silent voter" by casual applicants are few and far be

Ises on other remedy for the early specializa will use bir power as his commonsenso dictates tween, and when obtained are often not vary and not be carried away with the prospect of desirable. Amongst Japanese departments, lion which is the base of mercantile educa- tion in this country. Not that I think the rash promises which can never be fulfilled. Stims and families the great differences of Therein lies the safety of the nation, language, clothing, mode of living, &c, make university an ideal mercantile training ground. the employment of foreigners naturally a mat- I am not blied to is defects from that ter of difficulty, not to mention the fact that point of view." I 'admit that if the art of such foreigners, cannot live on the same low commerce consiste 20 dage extent rates of remuneration that Japanese cas. More deas, in making prop thaippally over, positions which do exist, such as teachers accurate decisions, then the universities, alat of English in boys and girls schools, are few present constituted offer in that respect su i and generally filled by channels not open to adequate marcantile training. The under the casual applicant. There are, it is true, graduate's day le mapped out for him by his

THE CREATION OF THE BANKİ numerous British and other foreign firms et tutor, little room is left for patronal initiative,

" GASCOIGNE SHIELD COMPETITION. tablished in Japan employing large staffs of and the general landency no doubt is to foster

The Idea must have lain isient in my mind

It has been notified in orders that the above their own nationality. Bany of these British state of mental equipolis which is nasaited frms, however, have offices in London and to the prompt and independent judgment re for several months or perhaps for longer, elsewhere and naturally recruit their employés quired in marcactile affairs. But that only but at all events the crisis arrived in this competitlan will take place on Saturday, thu from such home offices, while positions which how does it not 7-that the universities have shape. One day's mail steamer called the 5th February,

In order that the Company may be sfidcleat. learn from commerce as well as Ottawa arrived in Hongkong commanded by something de occur locally would be generally filled by commerce from the universities, and that man who is well known in China, Captain ly represented in this competition, it is sons and other relatives of local British resid-

intimate salations between them would Rattleigh. I went on board, as usual, to trans accessary that every member should make onts. Ent positions are in many cases have react to the advantage of both. What boon to act my business, with the captain, and after 1 a point of attending as many as possible of the disadvantages, & position as teacher, Limited, loft almost immediately for the mines. February as at first contemplated. Six crews to report on the position of affairs, and to take have entered and the race will be red calls Instance, might luvolve a residence in the in the nation it would be if business affairs were bad heard all he had to say he invited me to preparatory drills now being held at Head. desired exten, drills, orar charge of the property. Mr. Pawin has two heats, first heat to start at 5-30 p.m. Atarios where Ignorance of the language and conducted with more of the analytic and re-recaive in bis cabin a private communication quarters, the dates of which may be seen in the

Sective power of the universities, and if calver of a most momentous character. This was to weakly Corps'arders. also be arranged.

members of the Company The proportios of members of thị since confimed the shortage of the ors reservas” | launch will Jagratha Club-house at 9 pm, customs and the difference of national EDP Bity Bfairs were conducted with more of the Inform me that the good people in Bombay bad 1 WATER ANDE

more or less discomfort. Moreover, i1-

prompt, and practical methods of business recently started a Royal Bank of China, that person comes out on contract for a period Frost, hast.) I know I shall be told that they had appropriated to themselves two-thirds mitending the competition basis. Import- of years the termination of that period city. And it impossible or inadvisable to renew solversity, imining undis man for the drud or three-fourths of the share capital, but that ant baaring on the results is therefore, they were going to send an ambassador on to hoped that every member will make a point of the engagement, and by that time such person sery of business. Well, I think we make too would and himself or herself out of touch with much of the drudgery of balanss. Is there China Immediately in order to distribute the being present pulces prevented by sickness or people and matters in his or her own country, here anything, in this world worth the to create a Board of Directors and to darn

Tytblog pacallar, anything abnormal about one-fourth or one-third, their remaining capital, other serious reason. and perhaps have difficulty in finding employment of leaving Japan,Speaker winning to be you without drudgery) Can all the profts out of the local community generally, it may be said that persons should you point ma to dny profession, say science, throughout China. My friend Capt. Eastleigh not seek positions in this country unless they say art, in which drudgery is not the price said this was 4 golden opportunity for have a certainty of a good salaty for a consider of mastery? And am to be told that me, that might obtain some of those the liberal education considered Indispensable bares if I onis, paid proper rupact to abla period, or unless they are certain that a stay of several yours here will not prevent them in the one case is to be regarded as of nd value, the expected ambassador, that I might even on the 13th instant the following ware relected hope at some time or other to arrive at the to represent No. 2 Cor in the Blake Shield from picking up the threads of their formar pay, aves as a positive hindrance in the other

"Capt. 'Lantman Į Lieut. Andrew employment on returning to their own country, Frafuse to ballava in Bellovs 'me, the nature position of a Director of the Royal Bank of Competition on the and instant,

of "drudgery

reflected a good, everywhere pretty much the Chins: Well, gentlemen, and la no case should persons come to Japse on the chance of Ruding,mployment and same, and everywhere it gleidh up balf ita deal on the subject thought to miss!! that Glaya Sergi Chapman Serat Crappall provided with adequate funds to return wheela diam to an intelligent attempt to discover the If the people in China wars as uspatriotic, Corpi, Sayers Corp. Cmwlord : Bombs

Which underlies had explains it Nor were so lacking in public spirit that they would. Mark 1 Gr. Catchicks and Gr. Tallao, the visit kurs prove a fallure,5.

Will it do to justify the old system by the submit to a Bombay enterprise coming along in Reserves.~Gi, A. Carvalho aoil Gr. Eip

è man who wapa cradled in it, 'me if their this undiguided position I thought they would stoma. A q were to conséquence and not in spite desatre whatever fate might bafal than. But the A practice shoot, will be held at, Kim of their warty training, I'quite agrees it is not rasuli of my cogitation was that, inasmuch as 1. Rauge on Wednesday, 39th Inst *question of knowledge, bat of capacity. No knew that wa and in Chins many thriving and, at 3 p.m. and it is hoped that an a and doabu that a Brasol Board boy of native prosperonis insurace companies founded upon bis of the above mentioned, me Phit and threwdnasa" will prove máre than the baile principle of co-operation among our advantage of this practicse match in the praeilent busineserol: life for the valvas, "thought we ought to endeavour to "Grå Tollan's handicap wi

Center, whose learning has sacred bọi to create a blak of chi ova on the same princi

Hop, Sec

but anticipates being able to run the mill on the prasant developed qre for about nine to twalve months, Haadrises a vigorous scheme of rapid development, at cost of about £70,000. Before incurring this optlay the direc sors have decided to secute another expert and entirely, independent report, and have secured the services of William Frecheville to maka as axhausĪVO GXEmination.' He expects to leava on January 7..

:

Rubber Katata-Considerable extensione were made during the year, and. £rjöng ax- pended. Tapping; of the oldes trase is now to

bé commenced;! 1

.t? 2

la convay memberì and: friends to the course. 31

The course will be the same as the one for the Victoria Regatta,

-- Finance—Of the £60,gróʻuppoxring_in_the, là balance-sheat under head of loans, a first in- stalment of £13,500 becama” payablé ona July gt lak," "The directors were able to arrange för the loan to be converted into 4 per cent déban- kurse, repayable at par on July 31, 1919, -or their option, Up to the present data Co1,000 of debentures have bean, larned T- laste of theen, debentures, toppled with the. mavanom from the Borse Company, Limited, from time to AMA CÍTORY Tøndeţi ika prasept "Borrowing, Bowers' insusciant, and at the

Baikal peming to be held on alat last, sku) 12,

Methods Till be notend to hangtion, an Ind dreasa in 'suak borrowing powers...

The following arn the crows i—

1-R. J. Moonay.

J. Cruickshank, - -

A.-J. Mackie,

A. H. Carroll (Stroks). -20mA, R, Watson, **

R. A. Carvalho, R. L. Bridger.

A, Mackintosh (Stroke), 1-T; B. G. Tennent,

K. Galluts!.

·E. Calvari,

·

1274.

I. A. Musso (Stroke),

4-‚R, E!l«.

H.O. Sayer.

C. A. C. Rodrigues.. F. La Rosa (8uoka), JAM. Rosa Pareira,

EL. 8. Japhaon,

8. Ballet J. Forbes (Stroke).

6. E. Chunyat

Bonj

AVA, Carvalho, 3. Au B, Aires (Stroke);

31

RETURN of visitors to the City Hall Library and Museum for the weak anding" the sock *January, 1910 surprisi

Pepper flat agra Library, Muantiti,

Non-Chinese.com 497 US 260

N.O.O. are requested, to nas overy adden vour to scars good attendances both at the

(sd.) 1. 1. ANDREW, LAUL, preliminary drills and at the competition.

Me for O.C. No. 1 Co. H,K,V,A. At a meeting of the Shooting Committee held