1910-04-05 — Page 4

Intimation.

A. S. WATSON & CO.

LIMITED.

́ESTABLISHED A.D. 1841.

AERATED WATER

MANUFACTURERS.

SPECIALITIES:

DRY GINGER ALE. LIME FRUIT CHAM-

· PAGNE.

THE HONGKONG TELEGRAPH TUESDAY APRIL 5 1910

buys shares at the lowest price he can arrange, salia immediately, or takes the risks of holding. for a time and walls them at a profit or other wiso sell, sbort, and covers them when the price falls. The jobbar cappot, claim commis sion, but as it happens, in some cases he takes

sible.. Someofthe evils that exist in the business can be corrected if there is co-operation among

NA THE THIRD ENGINEER

A TYPICAL CHINA COASTER,

(Specially Writion for the "Hongkong

7 slegraph." RE

JAPANES BUBONGKONG,

'beta this by the

A MUSICAL TREAT

CERT

the oth

QUESTION/COMBUL TA FUKA:

At the meeti Rarely has such a galaxy of musical talent alt, it, la repor Among the passengers who BETİY

bean presented by the Hongkang Phlibar morning from Japan, via Shanj!

already known

irst of these German mail steamer bichi, as Prince Society as was hard at the Chy Hall

was the selling of the Company's output the last night is what was described as a Chamber Asiatic Petroleum and the

Among the various grades of re-fasing men commissions" from, both aides, whenever pos on the China coast page is more typical than Fosblmand, Baron Ouma,Japanese Ministar | Music Concert. The occasion was farther not "aïviding up of this shares, and both have bean:

the third engineer. He, sails without a ticket for Agriculture and Commerce. Baron Takahirable in that Mr. Danman Fuller, the clarer agreed to. In fature as capit which he failed to sacurs vary, probable not ex-Ambassador to the United States, who was

Hilling of conductor with whose help the members of the Guilders 2,500,con will be divided into 150,000 tinguished visitoje are on their way to Londos to take part in the Anglo-Japanese Exhibition which is to be held in the English matraps during May

the leading and reputable firms of brokers is through lack of ability or talent in the axerise) also expected here," did not come. These dis society bays from time to time treated Hongares of ten guilders each instead of ar.ong of

of his profession but more likely through that inertners which long residence in the East seems engender. It was just such a man that the writer happened to knock up against the other day and a bearty hand-grip followed the meating, for we had made friends some years before on the occavion of a notorious pirating raid in Chinese waters and bad been under firs together on the vessel on which he was engaged. He had just stopped abbra from his sampan with hie gear, and he said be bad that day laft bis ship.

ÖEIEVANCES DALORE.

&

a hundred guilders as hitherto,

The following circular was found by Mr. George McBain, the general agent, by order of

the directort

In order that the storeholders may have more time for the carotal consideration of the resolution which will be brought forward at the meeting on the 9th March with regard to the proposal of Asiatic Patroleum Oo Ltd to purchase the whole of the output of this

Company's cruda petroleum, your Director think it advisable to give you some further in formation before the

actual meeting.

are

The male points of the proposed agreement

og andenes to rat-class missie, was made the recipient of a handsome silver cigar box before his departure Home as a token of the members' appreciation of bis valuable services as the Society's conductor. The presentation was made by His Excellency iba Governor and if any outward an of Mr. Fuller's Pop farity were needed, it was shown in the pop taneous applause which greeted both His Ex- callancy's words and the recipient's acknow 14dgment. Needless to remark, there. WAS large Alleudance to witness the double event,

Where nach individual singer excelled, it would be difficult to draw distinctions, but special mention must be made of Mrs. Scho- fisid. Her rendering of the Fart Forg #Phoebus" and Arditi's difficult composition li baccio" in the earlier part of the program- me was accompanied by a purity of voice which came upon the audienca with inspiring force, in response to an encore, she gave "Spring has come" in a delightful voice. A vocal tris en titled "The Snow," in which Mrs. Meillandane. ated, was given with happy effect, part of the leum Co., Ltd, that the Royal Dutch Petroleurs Mrs Goldsmith and Mrs. Gordon were assoc(c)-—It is suggested, by the Asiatic, Petro

plece having to be repeated. Mr. C. K. Lloyd. Co., Ltd, and the Shell Transport and Trading K.,, was heard to goed advantage in bracketed Co., Ltd., shall sign the contract as bayers. songs and had to respond to an encore, No (1)All the concessions are to be named account of the Concert would be complete with- and the oll derived from them is to be deliver- out reference to Mr. Danman Fuller's work, bised at the prices niready given you, selections being accompanied by a fine tech- pique which could not have deceived anybody with taste for good music. There were other The Prince returns on board the N.D.L, La. ↑ items of an equally entertaining character and Kledet after dioner, and will proceed on his everybody prasant vated the evening a great journey to England by the mail steamer 10--succes,

the Far Hast. There are the "outsides," of course, to be reckoned with but when the reputable firms have public'confidence to back

Early this morning a deputation, consisting them, "autsides" or "losides" candot afford to hold out for any length of lime, : The public

of the leading Japanese residents in Hongkong and headed by Mr. T. Funaisu, "Consul for generally buy or sell on the advice of the

Japan, proceeded on board the German mail, broker, and proally when deals result in

which is lying alongside the wharf at Kowloon, loss or prove unsound, such results are

to welcome the Prince to Congo Cople ascribed to adventitious causes by the

P. H. M. Taylor, ADO., also called on behalf, of the Governor 16 offer His Excellency's broker. But, asfortunately, when the market

hospitality during Prince Fushimi's brief stay is regulated mora: or less by the brokers

"Had he andiber berth in view?" Noj could in Hongkong. Sir Frederick Lagard's kind in throughout the Far East, when dock vaines not get on with the chief, and the second envitation had, however, to be reluctantly declined. är fixed arbitrarily, in a sense, in the morning), kinear was no better. And then ensned a dow the brokers' responsibility to the public is of fusid language supposed to convey his im- pressions regarding the personal characters vastly increased. All they need do is 10 gives professional incapacity of these two officers contain guarantees to the public which will also serve as a safeguard to their business integrity, The result will be an increase of legitimate business, which will more than compensate for the foss sustained by the decline in speculation, The public, on the other hand, does not possess sufficient information to have any kind of check, on the want of business integrity in the broker. in England, for instance, the London Stock Exchange publisher a list of "business done" every day which is reproduced by wise in all the REFRESHING. papers to the country; and if a broker or firm buys or sells at figuren markedly above or below the figures published the principal has always the remedial measure of "transferilog-bis business to another bruker or film, "Out" here,

the SOCAR İD

same company 410. quoted at widely divergent plica in Shanghai, Hongkong and Singapore, on the same date. 'IX bas to sell 100 shares and

ORANGE CHAMPAGNE.

STONE GINGER BEER

PALATABLE

Watson's

AND'

FRUIT SYRUPS

mized with aerated or plain water make excellent refreshing beverages. Guaranteed to be made from the

pure juice of sound ripe fruit.

A. S. WATSON & CO.

LIMITED, D

HONGKONG and KOWLOON, Hongkong, 21st March, 1916.

NUTICAL-

ระ

As it happened, they were acquaintances of my own and i tried to stem the torrent of his vocabulary but to no very good purpose. The third engineer is invariably a man with a grievance. There is a saying among skippers that all sailors are grumblers; that they would not be happy unless there was something to grumble about; and that the best work is get out of a grumbling crew. The quiet and apparently passive, obedient ship's company is dangerous. It is when everything appears quiescent that mutizies are imminent. Well, if this is true of all sailors, the third englacer is par excellence the

CHAMPION GRUMBLER

of all sailors. There is perhaps a reason why be should excel in this direction. He is gene. rálly a bitter and disappointed man, for the reason that he knows that he has thrown away his opportunities and realites the fact that be will have to remain third engineer to the end of the chapter without any hope of advance. ment in the way of obiniaing-a certificate; So

be expends his spleen in much grumbling

Shaught he gets only $10,000 on that date, while in Honkong $12,000 can bs bad; oclivity developed to a very high degree and be

X has to buy son shares aïd in Shanghai hap to pay $3,000 instead of $10,000 in Hongkong on the sima date; there is a distinct grievance, which ought to be remedied. We ara' sura" that the great majority of brokers in the Far East will only be too glad to give gual antées for straight dealing and ons of such; will be the removal of the ignorance of the movement in prices la the different places Considering the vast amount of business done

Like all his class, my friend had this pro-

was not slow to dilate upon his grievances According to bis showing, there was not a single sagipeer on the consi-chief or second who know the first thing about an engine-room or could tell a bee from a bull's foot, "Why, the chief he had jost laft had nothing but a curry-and-rice certificate, by which elegani phrase he meant to convey that it was only a local ticket which the poor man possessed. It did not seem to matter that he had

NONE AT ALL HIMSELF.

As for the second, be was certainly a fice to. int sliquld be no great expense to establish regineer on the theoretical side of the profession golarly constituled exchanges, with every day's but he had got att his knowledge from books

and did not "savvy which way.tentandig All communications intended for publication Telegraphed quotations from each place on view

The HONGKONG TELEGRAPE" should be

at the others. We do not mean to assert that engine room.Hati" had had to doing addressed to The Editor, i, tos Ilouse Road, and the prices at different places should be level whole work down below-end na was glad to humld be accompanied by the Writer's Name and Addre

'.

Dolinaty braincu comasınlċatinizin shanki bu moddianna,

to The alaraJENT

The Baller will at ondertaxs to be responsible ter sny rejected MB, bor to retaju any Contribution. SCBECRIPTION RATES (IN ADVANCE) DAIRY-$88 per annons •

WEEKLY-813 par muutm

The rates per quarter sad, por amorínom, proportiona! Subscriptions for any period less than one month will be charged as for a full month,

for echart considerations enter into ika regulas

tism of price, as the demand for specific

B.Ale shares and the

of the money market: But the needless disparity in prices will disappear and bosiness will be on a saber level. The Shanghai Stock Exchange issues a list of the " business dóne " every day; but it is evident that the actual business done by the members will fill a much longer list. I

The fully loans is delivered fres when she address is only member ranks it a point to enter as many of their imosactions as possible, it would, while doing no harm to individual or collective busi. 'bess, prove a great source of culightenment to the investor; and, likewise, not as a check on unscrupulous transactions.

socossible tu'messenger. Pank subscribers can have their copie dallvered at their residences without any extra charge. On copies sent by post an additional $1.30 per quarter is charged for postags The wings on the weekly beats to any part of the

world is 50 cents per quarter, Blagle Copies, Usily, ten carts. Weekly, twenty-

sve okow (for cab only).

MARRIAGE.

LOCAL AND GENERAL. On March 19, 1919, at Shanghai, James Tite appointment of a Research Chemist for Hervery, son of J, H. Longhurst, of Walton-on-the Ceylon Rabber Industry is under cua. Thames, to Marion, daughter of Mrs. Ada sideration, Wheon and the late Parcy Whoen.

DEATHS."

On March 27, 1915, at East Croydon, Wil liam George Bayne, Mana, er of the North Chius Josuance Company, Limited, London.

On Thursday, March 31, 1910, at Shanghai,

Lionel Wilson, aged aß year,

The Hongkong Gelegrapk

CHEUNG Lan was this morning charged at the police court for assaulting a cool. He was fined $15 or fourteen days,

THE contract for the refrigeration plant in the new Shanghai Club has been obtained by Mesars. Anderson, Meyer & Coj

A CHINAMAN and a Chinese woman were to- day at the police court committed for trial for 'kidnapping a child under. 14 years of age A KENT collector by name of Li T: FAD was fined 50 for failing to stamp receipts for amounts collected ju excess of $10. The fine was paid,

THE Anti-Opium Commissioners in Feking are organizing an intelligence Department for oplum probibition, and regulations are being framed for the purpose.

HONGKONG, I UESDAY, APRIL 5, 1910,

THE SHARË BUSINESS. Capital and Commerce, of Shanghai, has she following thoughital article which will bear reproduction at the present moment:Dealers in shares and the brokers transact their deals with eyes open, and whatever be the con sequences the responsibility for the result solely MR. Daid, the acting Franch. Vice-Consulat their shoulders; but it may not be Harbin, loft that place for Shanghai on March rests on

14, having been transferred from the Rosso- amies, especially at prosent when enormous, Chinese Bank at. Harbin to the Shanghai and, in many cases, extraordinary deals, ate Bacch.

put through, to discuss as to how the rela- IP Ling was charged at the police court this tions between the broken and the public morning for baving in his possession threa can be better adjusted to the mutual ad. macs of oplun. He did not appear in Court vantage of both. The speculating, and in- when the case was called and his bail of $5 vesting public are spathetic, who,, other was sstreated... wise can do a great deal to help themselves. The Chinese steamer Ving Ling, bound up The legitimate fanctions of a broker is to take | Liver with Coal, ran sahora a few days ago pear orders to buy and sell, do his best for both lover Polat, during a fog, and it has been parties and take the commission as his re

found necessary, to lighten her before alis can, „be again fibated. compensé, Bul- brokers in the Far East, owing to the smallness of the number of anos do business on pure para Brokerage Huss, and are necessitated to tras- pass on the Jobber lines as well. No one km á right to complain If the tobber-breker

stocks deal in cannot do.

}.lov gevd·byt ̈TM

"to the steamar,

It is a characteristic, too, of the third en. gineer hat be always displays an intense do size to leave the sex and get a shore job. This esercess to desert the water for the land is not altogether peculiar to him alone in the sex farming profession Ship's doctory, and mats is well, are ever on the point of settling dowe | astors but after having a spell on land, she se almost invariably calls them back with beckoning band that cannot be denied.

So with the third engineer. He looks ont for a shers job in some port or other and if he Reis it he just sticks to it for a time, for some. thing is sure to turn bis thoughs and incilan lions seawards again. Either the job is not to his liking or he desents it for the sake of getting away shipmates with an old "pal," or a skipper or chief for whom he has, an, ancient regard an far as he ever can have regard for any of the latter category with whom he has sa l:d.

ON DECK AND BELOW.

At 10.a.m. His Highneas, Baron Qura, and suite, accompanied by Mr. Funates, effected their unofficial landing, sod crossed over to Hongkong from Kamison by the Kowloon ferry. The visitors proceeded to the King Edward Hotel where a suite of rooms had been engaged for Prince Fushimi. The best part of the forenoon was spont la might seeing The Public Gardens were visited in the course of the morning's perambulations. The party learned to the Hotel for luncheon.

In the afternoon the visitors, escorted by Con- sul Funils, resumed their programme in doing the sights of the City. Prices Fushimi and Baron Qura will be the guests of the Japanese Consul at an informal dinner at the Consular residence, in Macdonnall Road, to-night, when His Highness will have an opportunity of meeting his compatriots in Hongkong.....

morrow,

CONTRACTS IN SWATOW,

MHESRA LEIGH and orange BUCCESSFUL TENDERERS,

Swatow, March 31th.

The contract for, the local waterworks was

signed today, Messrs. Leigh and Orange of Hongkong obtained a contract, the price being $500,000,

The light railway to Chinghai has been vetoed by the Railway Company, who hold the concession—N, G, D. Ngwa, ~

WEI-HAI-WEI LAND AND BUILDING CO., LD.

ANNUAL MEETING.

The annual meeting of the Wei-hai-wei Land and Building Co., Ltd., was held at Shanghai on such algemensam

BETA. McLeod presided and, there were present: Messrs. E. Jeuner Hogg, Director, J. R. Weeks and F. H. Crossley, shareholders, and E. E. clarke, Secretary, representing 894 shares.

The Chairman said there being a quorom present and the hour being past he would ask the secretary to read the notice conveting the meeting.

(4) The Aalatic Petroleum Co., Ltd., blad themselvon to purchase and this Company blads itself to sell the entire output of crude petroleum from all its present fields and Concessions on the terms set forth is the clecular of the Sik February,

(b). The agreement is to be a permanent

(4)—As regards any further concessions tha the Company may acquim, if oil is found, the Asiatic Petroleum Co., Ltd., fi to have the option. of making a separate contract similar in all respects (including prices) to the present con tract. In the i vent of their not availing thems selves of this option the Company is to be at

THE ASSASSINATON OF PRINCE | liberty to deal with each farther production la

any way thought fit

ITO.

EXECUTION OF AN JU-KOM.

An Ja Kon, the assassin of Prince Ito, was executed at 10 am, on March 16th at Fort Arthur, ex-cily five months after the tragic incident at Harbin on October 26th.

A Post Arthur message to the Asai atates that An was brought to the place of execution in the appointed time. He was dressed in new suit of Korean clothes, made of white Koreso silk-tsumugi, specially supplied by his cousin An Mei-Kon. His face was lightly pale but he seemed to be fully pre pared to meet his fate. There were present at the place of excation Mr. Mix bachi, Procura- for Mr. Kutibara, Governor of the prison, Mr, Sonoki, inferncatat houses an

(I)-Delivery of the oil from the Darat Fields will be taken to the Company's storage tanks as at present silanted on those felda. From Spergel Rajah or other concessions in Acheen delivery will be taken in the existing pipeline of the Asiatic Petroleum Co., Lid, and they will charge the From Company 1 per ton for freight. all other concessions delivery is to be made to their valioax refivering which will also ba named in the contract se

(g)-All the Company's proportion at various parts at which the all bas been sold, the refinery, ships, etc, sie to be taken over by the Asiatic Petroleum Co, Ltd, at a price to be fixed by two valders, one to be appointed by each side If they are unable to agres a third party will be appolated by them whose decision shall be foal It la pedal cost price less fair deduce tions for depreciation since time of purchase.

(1) --Tha Asistle Petroleum Co, Ltd., aro willing to pay for these properties in cash or Ltd, and Shall Transport and Trading Co., in shates of the Royal Futch Petroleum Co Ltd, or partly in cash and partly in shares. If any payment is made in shares they will be given at a price under existing market rates on condition that the Company holds them for at

will be a matter for: further negotiations least five years, this

un governor of the prison, read the order for the execution to the prisoner, and asked him if he had any message for his relatives or friends. In reply A stated that he had no message of any kind to leave for his relatives or friends, but he wisbad to ask the officials pre- sout, at this Inst moment, that they would gxeri themselvest maintain the peace of the Orient

(i)The prices agreed on are for oll of ibe- He said nothing further. On being allowed to offer his last prayer, the prisoter prayed silent- "quality at present produced by the Company: ly for a few moments. The noose was then for oil of a materially different composition a placed around the condemned man's neck, end sliding scale of prices is to be fixed. the execution carried out. Fifteen minutes)All purchase contracts made will be taken over by the Asiatic Petroleum Co, Ltd,. later the body was examined by a doctor, aller or the Companies who sign the agreement, which the corpse wis placed in a coffin kindly suppiled by the Governor of the pelson, and was removed to the prison chapel. So Dosen, Wu Tok Jun, and Ryu To-K, accomplices of the dead men, were then allowed to pay their last respects to the body of their friend; Wa Tok Jab seemed to be greatly affected. The re- mains were i terred in the public cemetery at I am. Two brothers of An applied in the Governor of the prison for permission to take charge of the remaine, but the application Was

The Secretsty having complied, The Chairman saidj-Geotlemen-Owing to delay in printing, the report and accouple have not been in your possession as usual, but -I trust that with your permission I may take them as rend. The working account shows a. profit. of Tla 3,669 14 against Tis, z181.00- for the previous year, and this is due to the fact that all the bungalows were lot at full rents, which has asver happened before. Arrangements were completed for making the refund of capital, Tla, 5 per share, and the bulk of these refunds have been made to sharehol. ders, but there is an amount of Ti 3,100 ast yet claimed. The expanses in connection with this reland, Tis, 93-97, have been written off refused. in profit and loss account. As I told you at the

MR HAMILTON WRIGHT'S REPORTI In a recent special message to Congress Fresident Taft transmitted a report by Hamil tee Wright on behalf of the American delegates to the international op um commission, which met in Shangbai, China, in February, 1909.

The report points out that white United states is to be commended for what has been dose; further restrictive legislation is peeda A memorandum by Secretary of State Knox accompanied the report.

The obvious' advantages to the Company of this arrangemant kave siready been stated, Damely that the Company's income will not be oil and that the Company will be able to wall. affected by fluctuations la the market price of all the oil it can produce without four of com petition. Arto the first of ibase ike Directors wish to polat out the prices for kerosene, beva years, that it is very golikely that the Company bepa exceptional y good in the pasta or 3 would be able to obtain these prices always and that the company's present competitors are powerful enough to put the prices down considerably and keep them thera and they might be forcad to do so by competitors of thairs,

tion with the quantity of oil which the Com- pany would without the proposed contract be able to sells the competitors mentioned world ́almost certainly take very strong measures to prevent the Company selling more oil than at prosent whereas under the proposed contract the Company can all very profitably all the all it can produce.

It is a strange fact that generally the relations between the dick officers and engineers are last meeting, the tws back, bungalows in | OPIUM IN THE UNITED STATES. This last consideration arises too la consec appthing but sweet - While one would natural-Narcissus Bay were being moved to the front, ly suppose that the atmest harmony, would Tis, nose tent was received from them in their` prevail amongst the small koot of men who now position, as against no rent for two or make apibe European contingent on the thier years previously, and they are let again Chias coaster, the very opposite is unfortunate at the same rent for the coming season, ty to be observed. There are instances, of so, although the expense of moving them courie, of great persons) friendship existing, was heavy, it will soon be covered by the rents between deck and engine-room, but (bese are to come in, as we can always let them in their few and far between. The general trard of present site. Altogether eight bungalows are feeling is one of veiled antagonism, and the let for this summer, and we hope soon to things me heirs attered in the engineers' mos let the remaining thize. The claim for would make the eats of the deck officers tingle rents on account of 1930 still shows in our were it not for the fact that the inter are just books, and we must hops that some day it will as prone to unkind criticisms of the men from the paid. We are still waiting for. Government the nether regions, my p

It can be taken for granted that in the development at Wei-hal-wel, and we are all midal of these bickerings and recriminations randy to take advantage of it when it does the voice of the third engineer makes itself come. That is all I have to say, but I shall be beard with no uncertain sound. He told me pleased to answer any questions to the best of of one experience which came from him with

my ability, great gasin reminiscent of pleasant remem. brances. One of the mates-the junior was sent to the engine room daring his watch to to take more speed to the ship, bat te declined to take any notice (of the order unless by writ engineer; and, what was more, he gained his ten instacions transmitted through the chief polat and was quite upheld by the latter in bis Actiop.

Then, of course,

THE FÚN BEGAN -

There being no questions the Chairman pro posed, Mr. E. Jenner Hogg, seconded and it was carried: Tast the accounts as presented

be accepted and passed,į,

Mr. F. H. Crossley proposed, Mr. J. R. Weeks seconded, and it was carried, that Mr. E, Jenner Hogg ba te-elected a Director of the Company.

Mr. Crossley proposed, Mr. Weeks saconded and it was carried that Messrs. Lowe, Bingham and Matthews, be re-elected, auditors of the

and ourfriend and the slighted mate made things Doplerant for each other as far as they could to the general discomfort of everyone on board, the real The third engineer went leisurely company," about attending to the donkey.engine when The Chairman said this concluded the most ever it was required for doch purposes, whilst ing. He thanked those present for their attend- the mate took this revenge by ordering the re-ance. moval of the other's lounging hammock from: 4

again

an unauthorised place on the upper deck So. A vote of thanks to the Chairman for pre things went on from bad to worse without right siding tormingled the proceedings, ing themselves aptil the third engineer quitted DURING the voyage of the P&O. S. Oriwal the ship. Many a yata can he tell of perils and to Sbaoghal, a Chiloose stant cook, was shipwrecks, but he generally breaks off from found to have molen a gold watch. He was the thread of the story to dissert upon the tre

mendous picas he had to pay for a bottle of handenffed, but, while out of sight ko hudged whisky, or ba fa-dezen, beers in the many out, himself, and the body was buried at sen, belandish places he has visited in the course of

kis adventures. tween Kobe and Yokohamg,,fe

DISPATCHES from Helsingfors state that the Absorption Bill, under which paraly Jocaj affairs would be vested in the Imperial Legista ture, had been received calmly, although it is generally regarded as a Gaal assault on the Libertion of Finland. Do,

-

Work has already been commenced with a view to increasing the Company's opiput :"new" wells are being drilled and arrangements kava already been made for drilling to a much greater depth than hitherto in a place chosen by Mri Meyer for the purpose of obtalning oil from lower strata. Chairman" will endeavour, to give you at the meeting some -general explanation Foli this kled of work, bot By permitting the importation of opium there are of course technical atters which prepared for smoking, anys the Secretary, must be left to MrMever: his reputation, under the dutiable schedules or at times upon of the Darat Fields, are such that you may fatt knowledge and experience, special experience the free list this Government has for half assured that your interests could not be in century unwillingly encouraged the use of this batier hands. Work will be continued too on form of opium, to the great detriment of the the Company's other concessions, and arrange Chinese immigrants and to the growing dangermente are being made to path this forward as not only of the criminal and defective clarasch s posui STAR ESMENT

but of the higher ranks of society,^^,

Incidental to the baresvicted imporistion of medicinal oplom the manufacture of morpble has come to be a monopoly of American minus. facture, with an "enormous growth in produce tion, so that as a notorious fact large numbers people in all social ranks have become des banched by the misuse of it."

of

The Secretary says that local laws were in affective to control it while it was permitted to go unrestralped in the fatorests of commerce, This siste of affairs was corrected in large men- aura by the law of 1909, but the Secretary adopts the recommendation of the commissioner for uniform Jeglilation among the Slates to pros bibit the manufacture and sale of smoking opium and to impore restrictions compel the proper use of opian in other forms Congress is urged to extend the phir District of Columbia to the solar districia la Olak:

There is a further advantage of the proposed" scheme which is apparent, evoogh'in a gereṛal cinted by you in iis fall significance. By way but which has perhaps not been appra securing the continuance of a sure market and of a sore income the Company will be longer require to balld up reserves and will have at its disposal considerable sums of money, hill,now held in reserve: for meeting contingencies,

which can under the new arrangement no longar arise. There will also be the money received for the Company's asset and interess theron-and the interest on shares (if any), given for those assets. Your Directore proposa to employ the interest on these mak prys and prasibly, part of the principal in the c development of the Company business and/o particularly in prospecting oil concessions clearing, planting, and wesding rubber landa and other enterpriser which Sumatra offer; căr With reference to the resolution proposed by shareholders, for a division of the shares, the Directors wish to point out that in order to dffect any alteration in the MAID/SS Company at least one half þf the choi