1910-03-26 — Page 11

GOVERNOR'S VISIT 10 MACAO,

EXCHANGE OF COURTESIES.

19th fast,

An announced in our yosterday's inuno, His Excellency the Governor left for Macan this moraleg on a rotura visit to the Governor of Macao Sir Frederick Lugard was accompani ed by Capt F. H. M. Taylor, A.D C. Commodore H. Lyon, SLM., with Mr. Blanchflower, private facratary, also formed the party. The Governor left on board H. M. sloop Britomart, and as the visit is a purely official one so stay will bo_made at Macao beyond the landing and call on Senhor Marques at Government House. The Britomart with the dirtinguished visitors | on board is expected back in Hongkong be. twain 7 and 7,ga o'clock this evening.

THE MALAY "ANTI-OPIUM ·

PLANT":

|

THE HONGKONG TELEGRAPH SATURDAY MARCH 26 1010

NOTES BY THE WAY.

HONOKONG UNIVERSITY,

A QUESTION OF CEILINGS.

GRQ: FBNWICK & CO., ZID,

'ANNUAL REPORT."

19th fait

GREEN ISLAND CEMENT: CO., LIB.

ANNUAL MEETING.

19th fast,

Mr. T. F. Hough mored there election of ir Pant Chatar, Hon. Mr. W. J. Grosson and De J. W. Noble to the consulting committee.

Mr. E. W. Terry seconded. Ágreid

Manus. W. H. Potte and A. O'D. Gourdin were re-elected auditore on the motion of Mr. Toog Lai Chon seconded by Mr. Fung Shul

COMMERCIAL.

06

WEEKLY SHÄRE REPORT.. Raviewing the share-business for the week, Messta. E., S. Kadoors and Co. write on 18th Inst.:-A fair business has been transacted daring the week and several changes of import Wa.

ance have occurred, especially in some of the The Chairman That is all the basiness,Shanghai stocks. Kabbers continua to provide gerilemed. I am much obliged to you for your a scosational market and in mont stocks fur- attendance and to Mr. Hough for his remarks, ther sharp advances have to be recorded ¦ Dividend warranis are now ready.

Banks-Hongkong and Shangbai Banks has ruled very steady since we wrote last, the price being unchanged at $960 and in London 88: ES Nationals are also upaltered with buyers at $73.

THE LATE Mr. James McKIE,

AN APPRECIATION," (

Marine Insurances-Osntons have been sald at $170 and more, could probably be placed. North China are quiet at Fle. lis and Yang Unions have again changed hands at 5910, teens at Tis 230.

Fire Insurances-China Fires are inquired parted with at $333, closing firmer with buyers for at $109, and Hoogkong Fires have been at $335.

Steamboats have been deak in to some extent Shipping Hongkong, Canton and Macao at $30. Indos are in demand at 565, and in Shanghai at Tim. 49. Shell Transports havd further strengthaned tó 84/....

Refineries, China Sogar have improved to 5172, but shares are scarce, Luzone can be placed at $31. Perak Sugar, which should

dity, have jumped to T7. 850. owing to their large interests in that commo-

Mining-Raubs have received some atten P, 1 Chinese Engineering and Mining Co.

So the Hongkong University, which at ons time was nothing more or less than a more The twenty-Brat ordinary general musting of fantasy built on an ethereal foundation, is at shareholders in Geo, Fenwick & Co., Liday was last an assured fact. What with the Kowloon-held in the Hongkong Hotel at noon today for shareholders in the Green inland Cement Do

The twenty-first ordinary annual meeting of Canton Railway, this new seat of learning the the purpose of rocalving the report of the direct- foundation-stane of which was laid the other ors, and electing directors, anti auditor. Mr. Ld, was hold to the office of the general day and fortunas made by dabblers in rubber G. K. Haxton (chairman of directore) presided, maungen, St. George's Buildings, in the fore- shares, Hongkong ought to make other conn- Others present were Messi: A Rodger, P. 2000 to-day, for the purpose of receivlaga tries sit up and look. The richly deserved Tester (directors), J. Forbes, J. McCorquodale, general managers for the year ending 31st De

statement of accounts and the report of the alevation to kulgethood of Sir Hormusjes J. D. Klonaird, J. 1. Andrew (general. manages). cember, 1909, declaring a dividend and elect Mody brings up our list of kalghts not in the The General Manager having read the reporting a consulting committee and anditors. Mr. Government service to three, which should be convening the meeting, considered a fair number for this little Colony. The Chairman; said Gentlemen-There Roht. Shewan prasided. There were also pre- I wonder on how many future students the port and statement of accounts having been. Grossos, Dr. J. W. Noble (consulting com

kent-Sir Paul Chater, C.M.G., Hon. Mr. W. new University will exert (in lofluence for good in your hand for soms days, I propose with mittes), Messrs. T. F. Hough, E. W. Terry, E. and how many will make for themselves a your permission to follow the usual custom T. Bouje, J. A. Young, Fung Shai Wa, A. of Mr. James McKie takes place, a thoroughly At five o'clock this evening when the funera name to be respected? It is to be devoutly and take them as read. I regret that we have hoped that within the walls of the University once more to lay-before you a report which Babington, Tong Lai Chun and J. Robertson good and representative citizen of Shanghai when completed will be found men in the shows a balance on the debit alde, As(secretary),

will be laid 'away⋅ toʻrest, says the ShangÃai making and that it will not merely be a ma however, most of yon are no doubt aware, the The Secretary road the notice convening the Old Cemetery at Pahsierjão, near many of the Timess of 15th inst. He will be buried in the A little more than two” years ago: wa pub-chinery for the cramming of celess know- past year has boon about the worst ever meeting. lished a short account of the Malayan plant, tedge. This is my sincerest, desire but whether experienced in the history of this Colony, and

friends and associates of his earlier days in The Chairman said :-Gentleman-The rein these Seulemans-among them the late Combretum Sundaicum, which was being put that desire will be fulfilled time alone can tell, perhaps of the whole world, so far as engineer- port and accounts for lyay have been in your Mr. John Macgregor, at one time his honoured forward as a cure for the opium habit. Inqui

ing and shipbuilding are concerned. However, hands since zod instant, and you will have seen chief in Ewo. He had been.ailing since the ries which contious to reach us with regard

we have been able to secure a fair share of to this drug indicate that up to the present its

What is this talk of tearing away the ceiling the work offering, although at rates which is slightly larger than that for you, we have from the beginning that his illness (an affection from them that although our profit in working middle of January and although it was known reputed virtues have not been definitely estab

and stair-liologs of Chinese tenements? At the fast meeting of the Smoitary Board Mr. allowed very smail margins of profit, but it had to reduce the dividend to seventy-five cents of the liver) was one of the most serious char lished nor, on the other hand,'bas 'it 'boon,

bas only been by the exercise of the most per share on account of various special charges nctar, his frianda did not abandon hope until Shelton Hooper, strongly objected to any. fully proved that the cures attributed to it

and losses which it is reasonable to suppose the last and their confidence in the con alther did not occur or were due to some alberthing which provided for making houses rat-rigid economy that we have avoided an even canes. In these circumstances it may be proof 'and any attempt to conditionally term greater daßcit than that shown'in the statement will not öccur, again; The first is a love of stitutional strength and vitality of the patient really now be classed with the Rubbor stocks certain house "uofit for human habitation." now before you. I am glad to say that we $15,146 on the concrete block and pipe bull-seemed to be justified by the endurance which It seems to mo that if all the Chinese houses have succeeded is securing tenant for a small ness. We went into thisia this hope of filling to displayed throughout his sufferings. A which do not conform to the rules laid down portion of our property at North Point, but a demand for concrain work in place of wood

weaker man would have succumbed long ago. tunfit for kumao habitation," they would have been received for the parchase or lease of effects of climate and the attacks of white ants, not destined to be successful, and death took provide accommodation for all the pigs in the further portions, we have not so far been able but although we undertook the work at prices place at the General Hospital at twenty Colony with room to spare for as many more. tinue to be baavily handicapped by Crown rent, crete work has not become popular with builders to the profound and abiding sorrow of the ea- to sacure a definite offer. We still, therefore,con which we knew would leave us no profit, con- minutes past six o'clock yesterday morning, I have not arrived at this statistical feat in a haphazard sort of manner, as you are doubtless. taxes and interest on mortgage on this, which, and contractors, and therefore having given it tire community. The only consolation, which beginning to imagine, but I was able to maSTAF

as you will see, kas agaiu bean mat by a cali a fair trial we have decided to undertake no Mr. McKia's friends can find in the sad avent the difficulty after having given the question

on the reserve fund., Acting on the advice of further contract work although, of course, we is the knowledge that the end, when it came, are in a position to supply at any time concrete very careful consideration and after having our valuator we have written some $6,700 off

was practically painless, bisscted and trisected the official turn of-mind we value of our stock of materials and plant, blocks and pipes against orders, We under- over and over again. It is difficult to Imagine which deduction has also been met from the stand that a similar attempt to push concrete that in a matter where the convenience of reserve fund. This reduction in the values has work at Shanghai has not been a success al- hundreds of Chinese is concerned; and that's been rendered advisable by reason of the though in Manila and the Philippines generally, saying a great deal, the Sanitary Department changes to the requirements of our business concrete buildings are greatly in favour and which make it doubtful whether the old values considering the many points in favour of con- should give expression to such a drastic proof some of our stock could be realised and also crete, our American friends seem in this respect posal, providing as it does for the removal of part and parcel of every well-regulated tese-

to meet depreciation on such materials as wiser in their generation than we in Uniqa. suffer from climatic influences. Your property, Then we had a claim for loss occasioned by the meal. They say that an Englishman's home

launches and machinery have been maintained sparks from one of our anglues setting fire to a Why should not the dictum apply to him with is bis castle, but what about a Chinaman?

in an efficient state of repair, while working contractor's matsheds and as we were advised equal is not greater force? wonder on what *xpenses have been reduced to a minimum. In that we would under the special circumstances bare-brained project the Sanitary Department view of the nature of the report now. submit-bavego defence in theeye of the law, we compro- will launch out next? May be they will reted for your consideration, the directors have commend the whole ceiling to be done away again decided to forego their fear. Before with in order to ensure the total disappearance all pleased to, answer to the best of my moving the adoption of the report and accounts, of the rodents. I guess it would then be the ability any questions relating to the business the typhoon season is upon as by writing opics fashion to while away the tedious hours when

was published. The use of the drug originated by the Sanitary Departinent were to be called regret that, although several tentative inquiries which perishes so quickly out here from the But prolonged though the struggle was, it was } tion at 35 to Süt. Headwaters are asked for at

desfal to summarize the small amoues of addi- tional Information with regard to it which has been made availabla sioco the previous adté in the province of Selangor, Federated Malay Stater, where the plant grows freely; the leaves and twigs are prepared for use by roasting on. as iron plate over a charcoal fire. Io a paper published in the Pharmaceutical Journal for January 18th, 1998, an account is given of a preliminary investigation of the fresh

and roasted drug by Mr. E. E. Harrison, who feund both to contain a resin or retins, tannin, and phlebaphene (a derivative of tapsin); alka- loids were proved to be absent, and ao appre ciable amount of may glucoside was found, though slight indications were obtained of the presence of a glucosidal substance in very smalt quantity. A decoction of the drug, prepared in iba mauner recommended in Selangor, con- taibed only traces of the resin, as was to bo expected, and its principal constituent aP pears to have been tannin. "Any_medicinal virtue actually possessed by the drug must, of course, be ascribed to constituents soluble la water, and therefore extracted in making the decoction; the tannins of different drugs, while possessing la commoo, an astringent character, frequently have distinctive indivi- dual properties, and it appears not impossible that bodies of this nature' might, be of use in mitigating, the unpleasant temporary effects resulting from deprivation of opium after its use had become a habit. In an official report on the general situation in Obion 'in regard to opium by Sir Alexander Hosie, published fast. year, a shost reference occurs to the use of this drug in broaking off the oplom babit, and mea-, tion is made of a statement of an English mis sionary that he had employed it is about 30 cases, and in every case it had been successful in promoting a curo, but no medical evidence as to its usefulness is cited. On the other band, a commission appointed to laquire Into man relating to the use of opium is the Malay Staic blained a good deal of evidence with regard to the use of Combretum; and while the opinion of the lay witnesses was divided, the medical evidence was not favour able to the drug. This evidence included. that of Dr. D. K. McDowell, C.M.G., Principal Civil Medical Officer in the Straits Settle meals, Mr. M. J. Wright, State Surgeon. si Perak, and several native practitioners,

Combretam was stated to be of no more use as a cure that ordinary Indian toa, though its astringent constituents were said to have the property of stopping the diarrhoea which otherwise often followed the withdrawal of opium. It cannot be doubted that if the drug possessed anything like the specific pro- perties originally ascribed to it, when its efficacy was stated to be proved in thousands of cures In a very short time, its usefulucas must by now bave led medical més in Chica and other East ern countries where the opiùm question is acute to adopt it and report on the nature of its action. But even if it has failed to give results commensurate with the original claims, it is not necessary to surrender whatever assistance it is able to give as an accessory in the care of the opium habit. `It may be added that the opinion, expressed in our previous note on the drug that British pharmacy would prodibly provide a mare suitable preparation for its administration than the crude decoction, was soon afterwards justified by the appearance on the market of an elixir, of which a notice appeared in the Journal ̧ ́of April 11th, 1908,-(Bril, Mcd, Journal }·*;

4

LAUNCHES IN COLLISION.

CHINESE MASTERS' CERTIFICATES SUSPENDED,

roth init.

* Before Commander Basil R. H. Taylor, Marine Magistrate, an inquiry was held yesterday afternoon into the circumstances attending the collision between the two steam launches detor House Hotel and "X7, on the morning of the 15th ultimo, in the waters of the Colony, against Leung Yau, certificate No. 737, master of the Astor House Hotel launch and Ke Bhau, certificato No. 1,004, master of the K7, preferred by Mr. Lange Gamesu.

Loung Yau atated that on 15th February at nicou, bis launch was alongside the ss. Afond eagle putting passengers ingrage on board. Part of the luggaga kad been out of his launch before the X7 came; about balf remained to be discharged. The K7 came up from estern, and rau bows on to bim striking his launch starboard alde alt. By models wit moss illustrated that the R came up from

||

of the meeting.

There were no questions.

al a moment when the fary of the storm fs at its zenith and creating lyrics on the subject of the beautiful canopy above hiddeo by a Hong-report and accounts.

kong mist.

- TUJE SPITTING SUISANCE.

Some time ago, as the result of the campaign started by the Sanitary Department in the cause of cleanliness, the Police authorities sud- denly became imbued with a consuming desire to maintain the premises of the local Police Courts in a fii sanitary state. For this purpose they caused to be placed in the verandahs "out- side the Court-room, where all manner of people are wont to congregate every day, a bumber cuspidora with notice that those who desired to get rid of their phlegm should refrain from expectorating on the flagstone and kindly deposit the superfluous matter in the receptacle provided for the purpose. To provide against possible contingencies, the spitoons were actually fixed to the walls." WAS bigbly This wholesome lanovation admired at the time it was introduced but a change has come over the authorities: The spitting crusade seems to have died & natural death. (Sanitary Board please note) Such a thing as a spittoon is now at extinct as the dodo and visitors to the Magistracy are treated to the edifying sight of side channels lined with expectoration. Why is thin 7-

THE NEW PLADSHIP.

The booming of guns early on Monday morning signified the arrival in these waters of the new flagship of the China Squadron with Admirat Winsloe on board. The new flagship marks a unique period in the Colony's naval defence scheme, as the Minotaur in the

strongest and most powerfully equipped warship ever sent out to the Far East. I can assure the genial salt la command and his jolly tara a most pleasant stay in our midst.

THE AMERICAN TOURISTS. The appearance of a goodly number of Americaar in our mida these last thres days imparted a decided fillip to the atmosphere of Queen's Road. The true American is nothing if not unconventional and it was scarcely remarkable to 500 some of the elderly demas ensconced os various projections from the walls of buildings to allow them to snatch a breath after landing from the ship. Such blissful disregard of the dictates of rigid convention is indeed refreshing to behold. On the occasion of the visit of the last party of tourists, the sanguine expectations of local shop-keeperste realise a modest fortune sustained a rude shock when they made the discovery that the general inclination of the alleged curio-hunters was in the direction of turning the establishments almost inside out and then departing with, an insignificant pur- chase. Doubtless the shop-keepers must have thought their visitors were regular curios them- selves. I wonder if John's unenviable experi ences have been repeated this time? I am given to understand that the visitors who des parted yesterday were a better crowd thad the last batch from the point of view of shop keepers, as judge from the remark one of them made to me: "This time blong more better," Really, 'there is no denying that the Americans...aro a

shrewd race.

THE YANKEE'S GOOD TASTE.

It is remarkable, the way some of the

astern and glanced alongside striking bis Colony's natural beauties, caught on with the launch just "before the fannel. Ond rail visitors. I was one of the passengers on the stanchion was broken; there was no other launch oos avezing as a number of the visitors damage. The repairs cost 55. The stanchion were being taken on board the mammoth liner was made of iron; it was not brakes, only bent.alter the day's sight-seeing. The sun was just It was the covaring board made of teak on setting in the west and the sky was lit ap for a which the stanchion was mounted that was considerable distance with a golden glow, broken. He had three fenders cul, but they which evoked the artless admiration of the were on the part side. They were all between spectators. Their admiration of the beautiful bis launch and the accommodation ladder. Two scene reached a pitch when suddenly the orb of them were aft, the other being against the ac. rose to view over the top of the purple-clad commodation ladder. He put them aft because hills like a bright ball of fire, on which the he was afraid some launch might come sad longing gaze of the onlookers was fixed, accom- run lato him. It was the custom of lausches panied with delighted exclamations. Some of to put all their fenders out on the ship side, them were heard to remark that it was the and not have any one to attend to them. If most beautiful sight they had ever seen, while any other launches came up it was their busi- some actually declared that the spectacle best mess to take care of bin lanoch; it was not his the splendour of the "Golden Gate" hollow; business.

The bird's-eye view of Hongkong from the Peak tram also proved a revelation to the visit: | ors, who one and all admitted that the tramway was a remarkable edgineering fast. Methĺbka Hongkong is an enviable spot for other reasons besides money-making and rubber booms,

Ko Shau stated that he wanted to go along. side the. Afonteagle. His launch was much higher than the other. There were no fenders out from either launch, in coming alongside be touched the other launch and damaged her a little. He had no fenders on board his launch, The Court found Ko Shan to blame for carai

CASUAL CRITIC.

less and negligent management of his lunch. SEVERAL, more crocodiles have been seen up Leang Yan also to blame for negligence in the Menam recently. One of thess is said to failing to have fonders out to protect his lunca, have capsized a bost near Pakrat a couple of Both certificates were suspended for one month, days ago which was shiling close to the bank, The damage would probably have been averted | by matching at one of lis occupants who had had they bees provided with feeders, leaned over it for a can of water,

seconded that Mr, H. Percy Smith be re-elect. Mr. Kinnaird moved and Mr. McCorquodale ed auditor,

Carried:

The Chairman-That is all the business of the meeting, gentlemen. Thanks for your at lendance,

NATIONAL BANK OF CHINA,

CONFIRMATORY MEETING.

19th inst. An extraordinary general meeting of the National Back of China, Limited, was held at the offices of the Bank at Queen's Buildings, this afternoon, for the purpuse of confirming certain resolutions which were passed at the extraordinary meeting of the Company held on the 26th day of February, 1910. Mr, C. Ewons occupied the chair. There were pre- seat:-Messia. Ellis Kadoorie, P. C. Potts, E, D. Haskell, Lau Chu Pak, Sio Take Fan, Pang Sin Hang, Lau Wing Chung, Chau Ho Shang, Chaung Lek Ping, P. Davidson, E, E. Ellis and P. Loureiro (acting manager).

The whole town was plunged in genuine sorrow yesterday when the doleful news bo the Country Club, the Race Club, the Cricket, came known. The flags of the Shanghai Club, Rowlag and Recreaties Club, and all the

her, were lowered to half-mast, and the same other Clubs of which Mr. McKie' was a mem

mark of mourning was exhibited on all the steamers of the Indo-China Fleet in port, "

At the annual general meeting of the Shanghai Chamber of Commerce yesterday the following reference was made to the sad uccarrence. After the reading of the notice convening the meeting, the Chairman, Mr. W. D. Little, said:

business, of the mesting I would vanture to

Gentlemen: Before proceeding with the refer to the desta of Mr. McKie, which occurred this morning. Mr. McKie hat not been a member of our committee, but

are quoted at Tls: 18"

Docks, Wharves, and Godowns-Hongkong. and Whampoa Docks have had a farther set back and 560 is the bust price now obtainable. at Tla. 8. Kowloon Wharts have also weak Shangnai Docks are slightly weaker with sales

onsd slace „ike dividend of $z4, was paid and buyers only offer $60. Shanghal and Hongkow Wharfe aro quoted in stangbai at Tis. 113 ex the dividend of Tls. 4.

Lande, Hotels and Buildings-Hongkong Lands could probably be obtained at Stoi, buyers as $34. longkong Hotels are offering Humphrey's Estates continue strong with at quotations, viz,-$10 for the old shares and $85 for the new. Kowloon Lands are wanted as $IB. Contral Stores are offering at $15,

Cotton Mills-Hongkong Cottons have been taken off the marko: at $6. Ewas have been. sold in the North as low as Tis, 127. Other - Northern mills, according to mail' advices, ara as follows:--Internationals Tis. 61, Lau Kung. Mows Tis. yo, Soychees Tis. 370.

Miscellaneous-Dairy Farms have agaio

mised at once for about $10,000. The third and fast exceptional item is $15,638 expenses incur stops near Harghong, principally the salary red in obtaining the concession to quarry lime- and expenses of the special agent we sent

found bagers at $18. Caior Bareos are firm down for the purpose and legal and other

at Sol ex the dividend of 60 cents just declared. charges. We are now receiving steamer car

Hongkong Electrics are still in demand at The Chairman moved the adoption of the goes of this stone regularly and although webis firm has always been a very active $20 China Lights have been parted with at still have the everlasting bills in China to rely supporter of the Chamber. Mr. James $5 and Green Islands at $7.15. Chica Provid Mr. J.D. Kinnaird seconded.

an, and the supply there is quite unlimited, McKie, both in his commercial and social eats are steady at $83. Steam Laundries are Motion carried,

need not calarge to you upon the ad-life, will be very, much missed. I am sure Mr. J. Forbes moved the re-election of Mr. vantage of having two strings to our bow in

Inquired for at $5. Both Shangbai Sumatras A, Rodger as a director,

we all join deep sympathy with his firm and

and Langkats show an enormous advancavon the matter of raw material. In addition to

friends at his demise in the prime of life.".

last week's prices, the former having jumped Mr. McCorquodala seconded.

theve items we are able to write off about

Mr McKie was, for one of his physique and to Tls. 400 and the latter to Tls. 1,325. Agreed,

$18,000 more for depreciation that we did the

strength, a young man, being still in bie fifty-

Rubbars.-Anglo-Malays were sold during previous year, and until we get our overdraft first year. He was born on June 30, 1859, at the week as high as 34/- but at the close come at the Bank reduced we must continue to put Erskine, Renfrewshire, a village in which his alightly easier at 33/6. Allagars are quoted at aside as much as we can in this way, latsiest father was a Minister of the Church of Scut. Sales of Batu Tigas have been elected at Paid $39,040 is a heavy charge too against our land. Here be remained until he was old 1016 and ios and Bestams at 9.9.~ Bukit profits, but by reducing our debts we shall also enough to be placed in a bigger school than Kajangs wore placed at 62/6 prom,, but with, a reduce this figura and eliminate it altogether the village afforded, when he was sent to strong demand close firm and noce are obtain in time. Taking all this into consideration Ragland and corolled as a pupil of the Man abie. Castlefields have advanced to 120/- at Iḥink we are quite justified in anticipating that chester Grammar School, Au ancient founda which price they are on offer. Eastern Inter our next profit and loss account wilf shew & los and one of the best known in the pationals have been sold to London at 30/3 prem, larger balance for appropriation as I see no United Kingdom. Having bere received a for the rof« paid up shares. Golden Hopes, after- reason to suppose that our sales will show any thoroughly sound and liberal education, Me,

sales at 133/6, ara on offer from London at 145/. falling off, quite the contrary. Looking at the McKis turned his attention to commerce, and

Kuala Lumpurs have changed hands at various balance shoot you will notice that our expen baving learned the piece-gdads business in all diture under various headings on capital ac its brauches he secured an appointment in the drons, partly paid, were sold at 95 premium, rates up to 195/- cloning steady at 200/-. Lana.

to say, is now at an end as we do not contem count was much less thau before and, I am glad firm of Mosers: Jardino, Matheson and Co., in

sad the fully paid shares at 152/6 and 157/6 and- plate any further additions to plant and machi.

whose service he came to Shanghai, rather

at the close none are obtainable from Landon sery or buildings which form a very complete house be has remained ever since, and thanks th, weak, are slightly easier at 95/ bayers, more than thirty years ago. In this great under167/6. Ledburys, after sales si 96/5 during and modern factory as they stand. So far this to his splendid abilities has risen steadily from Linggis have been bought from London up to year we have spent nothing on capital account the lowest ruog of the clerical ladder to the $4/3 London Asiatics were placed at 147/6, and hope to spend nothing. But all we have diguity of partnership in the firm., " spant has been solely with a view to increased

150 and 152/6. Sungei Kapars roso sa high In his early residence in Shangbai, Mr. as 175% during the week but at the clase come efficiency and economy in working costs for it McKisa man, as we have mentioned, of easier at 170/- Tandjongs are firmer and in is a great deal gained if we can reduce the cost superb.physique, was, a noted and successful demand from London at 70 premium. Sca- of manufactura by aven only one cent a barrel athleto. He particularly favoured aquatics, in fields have inquiries at 121/6 premico. Bal. more than that." The two principal items of fishing, waterfowl-shooting-be excalled. не and $161. Changkat Serdangs have been expenditure were for a new packing house and was one of the founders of the old Dolphin booked at $21, and close in funter demand. godown and a new boiler and boiler house for Swimming Club, of which very few of the mem Sandycrofts have been in very strong demand the rotary kitas. It wa had not bad the first we

bers now survive, and the records of the should simply have had to stop working when Shanghai Rowing Club contain many proofs of ever our stocks of ficinbed ceaient accumulated bls prowess as an oarman. For several seasons and as for the latter it enables us to keep up he rowed No. 5 in the Scottish Eight, in the steam on an inferior and cheap coal whereas, old days when the regattus of the B. R. C. used formerly it was all we could do to keep the to be held on the broad bat lortgoos factory running at full pressure on the best reach of the Saochow Creek between the Australian coal. The other items were in Cantonese Cemetery and the paint at dividually small, the largest being $5,000 for a which the Markham Road Bridge now spans hopper barge for removing refuse ashes, &c. the stream. He was also conspicuous in but by it alone we saved Szco a month. This cricket, and, in somewhat more recent years same remarks apply to the expenditure at in golf, and he was always a splendid hand Macao which, however, was not heavy. with the gun ap country, But it is in connec Nearly all of it was spent on conveyors tion with the turf that his fame as a sportsman

the cost Rod crushers.to reduce

of is probably most widely known. He was never turning out dry clay and crnubing clinker, a great rider himself, his weight preclading As I said bafore nothing was spent without him from acquiring much distinction in the a clear object of either increased efficiency saddie, but, in his time, he was the owner of as reduced cost in view, but we seem now to several great ponies. The most famous, par have done about all we can in these respects. haps, was Standard, a racer which several You will also notice that the amounts agalast old sportsmen in Shaughai still remember in sundry creditors and sundry debtors were up connection with a certain memorable meeting usually large at the end of the year, but it in Hongkong, when he was nearly all the merely happened to be so. Both items have events that were open to him on the card. since been reduced in the ordinary courie and In the more serious. interests of life Mr. The Directors shall provide for the safe to-day we owe sundry creditors only $63,000 McKis was quite as successful as in the field custody of the Seal and the Seal shall while sundry dabtors owe as $150,000. The of sport. As u business man he had few superi. never be used azcept in the presence of a overdraft at our Bankers is still large and willors in the East, and his loss will be felt in Director or of some person appointed by abs increased by payment of the dividend but many other undertakings and concerns besides Managing Director or by the Directors after that we hope to see it steadily decrease that of Messrs, Jardine Matheson & Co. Bold, who-shail sign every instrument to which At Hok Un we bought a small piece of ground enterprisng and farseeing, he war one of the the Seal is afixed and every such instru which was offering at a very low figure and carliest and most successful advocates of the ment'sball be countersigned by the Secre which will be useful to us as it adjoins the industrial development of China by the aid of tery or some other person appointed by a factory and we have also paid the balance of railways and the introduction of modem Managing Director or by the Directors, - the purchase money of the property at Canton, machinery. His work in connection with the The meeting then ended.

title deeds for which are now in the hands of Shanghai-Nanking Railway, of the Board of the British Consul. As to the future and this Commissioners of which he has been a member since the beginning, was especially, valuable and bis, wise counsels will be very greatly missed by that body,

The Acting Manager read the notice of the and I am glad to say that we have done much all branches of which-swimming, rowing, I gownies weia fold at various rales between $:70

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meeting.

The Chairman proposed, Mr... F. C. Potts seconded, and it was unanim susly agreed that the following special resolution be confirmed

That Articles 112, 113, 114, 115, 116, 117, 118, 119, 128, 131, 132, 133 and 134 of the Anicles of Association be struck out and cancelled.

2.-That Articles 89, 93 and 154 of the Articles of Association be amended by striking out in Article 89 the 5th, 6th, 7th, 8th, gth roth, 18th, 19th, 13th and last lines of such Article and by striking out in Article 93 the word "ten" and substituting the word "three" therefor and by sirik ing out in Article 154 the words in London" and the words ""or Com mitten" wherever they shall occur in such

Article.

A subsequent meeting was held when the subjoined resolution, proposed by the Chair- man and seconded by Mr. Lau Chu Pak, was adopted new cons

That Article 154 of the Articles of Association be struck out and the following Article substituted therefor;-

DEATH OF CAPT. L. PETERSEN. year's business in particular, our prospects

AN OLD JAPAN RESIDENT.

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We regret to record the death of Captain Lorenz Petersen, for several years a resident of Kobs, and whose total residence in Japan extended over some thirty years. Captain Petersen first came to this country in command of a sailing-ship, and for some years was en- gaged in sealing and whaling in the north. About twelve years ago be returned to Europe, bat came back to Japan about two years later, and joined the firm of Nickel & Co., with whom be remained until, the end of last year, when he resigned, intending to go whaling again.

About the end of January Captain Petersen' went to Yokohama to make arrugements for hle proposed cruise, but a long standing though previously not serious affection of the heart be- come more pronounced, and he entered the Yokohama. Hospital about a fortnight ago where he died yesterday, 9th just, after a very short illness—Japan Chronicle, THIS year has been an excellent year in teak, in so far as Sium is concerned. It is stated that more teak rafts have bess floated down to Bangkok, from the beginning of the year, op to the present, than has been the case for the fast Six TEACH

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are quite good. Ŭur maka is a universal favourite with engineers, and continues to grow in favour with everyosie who tries, it, We have now a good market for it all over China, the Philippines and the Straits, and if we were ever pushed for more outlets wo could we know find them still farther afield, but at present it seems that we have quite enough to do with the places i have named and our own local market which have exsily taken all wa could turn out. For the moment our prospects are all that we could wish, we have sold to date more than we did this time last year, and we have just closed a contract for nighty. thou

and bags for the North. It is always danger: Bus to propbary, so I shall only say that I shall be disagreeably surprised if we do not do at least a little better this year than last.

There being no questions, The Chairman moved the adoption of the report and accounts.

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Mr. T. F. Hough :~Having already received the report and accounts and having heard what our Chairman had said, there is very little for me to add except to tender a mead of praise to the general managers on the way they have handled the affairs of the company under ex ceptional circumstances. With those fow remarks I have pleasure in seconding the adoption of the report and accounta

The mailoo wsa cazzled unanimously,

A simple, unaffected, kindly gentleman, and a tolerant, broadminded man of the world, Mr. McKie was also a Scotchman of no in tensely patriotic typs, intimately familiar with the proud, romantic history of his astive country and thoroughly lalared with its chivalric, generous spirit. That his fon character was thoroughly appreciated by his fellow Scotimmen was evidenced by the honours with which they dallghted in 'loading him when. ever occasion offered, chief among which may be mentioned the coveted Presidency of the St. Andrew's Society which he held some five years ago. But esteem and affection for Mr. McKie ware not by any means confined to the Scotch people in the community. He commanded the respect and love of all sections of our cosmopoll tan population and he certainly deserved all the honour in which he was held--for a stauncha, kinder, more generous friend in time of need, a finer example of all that is lofty and com mendabla in Scotlsh character, never walked the Shangbai Bund than Mr. James McKis. He had no relatives in the East but he has an early schoolmate and a lifelong friend hare, Me: W. C. Murray, to whom, as well as to the members of My, McKie's firm, the condolences of the community may bo tendered 10-day with truth and propriety,

and show a considerable advance on last week's

quotation. Sales have been effected at various ates up to $5. Pegohe have firm inquiries and 546 has been doon. Gleisalys have found buyers at Sz4 and United Singaporen at $2,15.

FREIGHT, MARKET.

Messrs. Lamke and Rogge write in . their eight circular of 19th inst The geustal tone of the freight market, especially in the South, is a decidedly better one, a fair amount of business, in the way of time-chartering has been done during the interval under review, and at the close a scarcity of tonnage is making liself falt, Several good paying froights are left untouched, yet there being no steady demand for any partl cular trade, rates of freight in some directions are belag prevented from advancing to a fair level, Saigon/Hongkong:-The local rice marksi has been very quiet, from Saigon to this only some few fixtures have been done at between 14 and 16 cents per picul, small and medium. size, whilst larger boats have altogether been neglected.

During last week there was no special de- mand, for prompt loading, whereas inquiries after prompt tonnage from Bangkok have. reached this market, resulting in the fixture of s'medium-sized vessel as 27/20 cents, allowing some downward cargofree of charge. It is a note worthy feature that after a very idag interval Bangkok is again in the field for outside tonnage. The Chino-Siamess line bave taken up a farther boat on time-charter, the Gorman se, Landrat Schelf, The new Bangkok cropis reported to be as exceptionally good one, and it is to be hoped that the two rivals on the regular run will not only find sufficient and profitable employment for their boais, but that ibe market will also allow further outside ton- Dage being placed at better rates.

Shigon/Java :~A fixture has been put through locally at last rate paid.

To carry stones from Quangyes two steamers hare bean chartered at $1,80 per ton.

The North-There is also more demand for tonnage in various directions up Noth, ratos have stiffened and everything "points to some improvement soon.

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it is reported that the port of Newchwang will re-open about the 24th lustent.

Coal Freights-Fixtures bavo been done as follows: Wakamaten/Canton Sago, Moji Hongkong $1.80, Hoogay/Canton $1.80 per ton. Tonnage to load from Japan is being eagerly Inquired for, but even at much enhanced-rates charterers find it impossible to secure any,

Time-charters.There was a sudden strong demand for handy-sized bosta and again several vassals found employment on time-charter, most of them intended for southern trade, Rates obtained in most instances must be con sidered very satisfactory. Particular will be found to the list of settlements, paper

Sail Topsuga, Loading or to Load - Fer Baltimore and New York-Nous, A

Sail Tonnaga Disengaged:-Nons Departure of Balleri{~Xong,

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