1910-08-13 — Page 5

HONGKONG, AND SHANGHAI BANKING CORPORATION.

HALF-YEARLY REPORT.

The plastloth report of the Court of Directors to the ordinary hall-yostly general meeting of abarabolders to be held at the City Hall, on Saturday, the 10th inst., ai. noon, in ai follows:-

To the proprietors of the Hongkong and Shanghat Banking Corporation.

Gentlemen, The directore bave how to sub mit to you a general statement of the affairs of The Bink, and balance sheet for the half-year anding soil June, 1910.

The act profits for that period, including $1,018,987.94, balance brought forward from last account, after paying all charges, dedacting interest paid and due, making provision for badand doubtful accounts,

amotat to

The directors recommend the transfer of $500,000 from the profit and loss account to credit of the silver reserve fund, which fund will then stand at $6,000,000

BADK

pre

They also recommend writing off ) mises accouet,the sum of $i to,oco. ***After making these transfers and deducting remondration to directors there remains for appropriation $1,714,137,67, out of which the directors recommend the payment of a divid end of two pounds sterling per share, vz.: £140,000 which at 1/y, the rate of the day, will absoth $1,694.735.84.

The balance $1,019,295.83 to be carried to new profit and loss account.

STERLING PESERVE FUND.

Owlog to the redemption of the National War Loan a re-arrangement of the securities hold in thle account became necessary, and £270,000. 3% Exchequer Bonds due 1915 were purchased, which stand in the books at 98. The oppor topity was tatea to adjust our holding of Con sol to 80 and to write down Other Sterling Becurities.

By balance of un- divided profits,

G TELEGRAPH SATURDAY AUGUST 13 1a1o

THE HONGKONG

31st December, 1909................$ 7,018,987.94 Amount of net profits for the six months ending 34th June, 19:0, after mak Ing provision for bad and doubt. ful debts, deduct

ing all expeuses and interest paid And due... ***

3,360,139.73

-$5.389,137.67 $5.350.137.67

STERLING RESERVE FUND. Te balance £,500,000 ex 7/- $15,000,000.00

(investedin sterling securities).

$5,000,000.00

By balance 31st December, 1999,

£1,500,000 ex */ $13,000,003,00

$15,000,000,00

$16,000,000.co

$16,000,000.co

SILVER RESERVE FUND, To Balaoco.-41524)

PÅKINGHSE COLLOQUIAL.

NEW POCKET dictionary bY SIR

WALTER G. HILLĪBA.

ו'

SILK RUBBERY AT BONGKONG.

"MINNESOTA” CARGO MISSING,

When the Minnesota arrives at Seafile there Sir Walter.Caine Hilller, K.C.M., C., Tate will be a special express train waiting near the Financial Adviser to the Chinese Govetan cal wharf, to receive a consignment of raw silk, Jatt Peking for Home on the 24th ultimo, but valued at $7,200 gold, which is not on board, before departing from the scene of his labours says the Manila Timas of 4th lust, he left biblod a very efficacions memorial la

This valuable cargo was kept in a water and the shape of an English-Chiasse Pocket Dic-file proof vault on board the ship, and was Blonsty in the Peking Colloquial, a copy of being shipped from Hongkong to New York, which we have to acknowledge receipt.of lion Is absence was not discovered quilt Wednes. the American Presbyterian Mission Fios of day afternoon, The vault is caled the silk Shanghai. Before leaving the Capital, Sir room, and in it are kept conmigamicals of Walter Hilller was entertained to a banquet by silk and cigars. When the ship was bo the officials of the Walwupe, the duties of ing landed Wednesday a consignment of chairman bring assumed by H.E. Tson Chis cigars was taken to the silk room for storage, Lai, Acting President of the Board, As show and it was then discovered that the lock of the ing the esteem in which his services to the door had been broken and nias bales of silk mentioned that prior to his leave he was Emperial Government were beld, li may bes

stolen. decorated with the Star, and Class, it Die sion, Double Dragon, From the nature of his training and matured work in the Far East, no man could be more qualified to compile a volume of the nature of this now under review. Sir Walter Hillier was

BORN IN HONGKONG in 1849 and came of Consular stock. After being educated in England, he came out to Chipu agais as student interpreter in 1867 ; was Assistant Chinese Secretary nt Puking from 1885 till 1889; Consul-General in Korea from than till 1896. In 1900 be was Advisor to the Milliary Forces In China, and in 1904 he as- 500,000.comed the duties of Professor of Chinese at

King's College London.

By Balanco 31st December, 1509, $15,500,000.00 By Transfer from Profit and

Loss Account..

THE S.S.

$16,000,00.00

'TAIWAN".

LOST TAIL SHAFT AND PROPELLER.

of the s.8. Taitean, which left Hongkong some From information received from the owners

six or seven weeks ago for Mauritius, and is

both the customs officials and the ageuls of the An investigation was made immediately, and vessel, Messrs. Macleod and company, now bellera that the theft did not occur bere bat at longkong, where the ship lay nido days. The custom secret service and the city secret ser- vice ware put on the case, and a ter so investi gation they have reached the same conclusion. The Afirmarols, while in poit, and aboard 000 customs inspector and four guards at all times, and Colonel McCoy stated that he thought it impossible that the silk could have been taken off hare, especially as no cargo was unloaded from the vessel at this port on lis way to the United States,,

He said also that even at night the utmost precaution against theft is maintained by the customs officials, who keep, a fast succb, equipped with a scarchlight, in operation all pight, and intercept any moving thing after

The new Dictionary will be found to be of great service, by all students of Peling Collo quial. Although of a strictly "pockst” a za, it | Contains witble its covers over 200 pp. in his | nightfall. introduction, Sir Waler states that many of the. The agents of the vessel were positive thar toga marks attached to the phanetic inndering the theft did not occur here. Owing to the of the Chinese words la the volume differ from rapidity of the service furnished by the M- those assigned to them in the dictionaries. ssota and other vessels of the Great Northern Those apparent discrepancies are intentional, as, according to the agents, the company the tones being, givan, they applied, or

does an extensive business in carrying silk to

The expenditure incurred in effecting those now on her return jouracy to this port, we un appear to the bar of the compiler to ba applied, the United States, and special express trains

prosis of the 7.170, has been met out of the profis of the half-your,"

BRANCHES AND ACENCIES,

Sub-Agencies of the Bank have been opened at spok and Johore (Malay l'eninsula),

DIRECTORS.

Mr. B. G. Barrels, Mr. C. 8. Gabbay and the Honourable Mr. W. J. Gresson having rosigoed their seats on leaving the Colony, Mr. G. H. Medhurst, Ms. F. H. Armstrong, Mr. S. A. Levy and the Honourable Mr Henry Keswick have been invited to fill the vacanties, Mr. Andraw Forbes has been invited to join the

anchorage of Maké in the Seychelles Islands,

voyaging in rough weather from Mauritius to That group.

desstand that the vessel is now tied up fo the by natives of Peking; and he points out that, Dulets the tones here given are adhered to, having lost her propellor and tail-shaft whilst of the expressions would be usintelligible to a Pekingese, thus affording an answer to the According to the telographic Citicism that the value of the book, whatever it messages received, the steamer has to remain may be, is materially reduced by its strictly at Mahé until the necessary propellor and tall- shaft bave been made here by the Hongkong and Whampoa Dock Company before she is. able to proceed upon bar voyaga Hongkong. wards.

Before the Taiwan, left Hongkong, sho uo. derwent an extensive overhaul by the Dock

surveyors, "bolli private and governmental,

· LOCAL CHARACTER.

are kept in waiting for the arrival of vessels carrying this valuable cargo, which is imme diately put sboard the train and shipped to its destination as quickly as possible, to minimize chances of its loss.

..

ANTI-AMERICAN BOYC01T:

IMMIGRATION, RULES TO BE MODIFIED IN MANY MINOR DETAILS FOR ORIENTALS.

|

HONOKONG WATER POLO SHIBLD COMPETITION.

FINAL

gih inst.

The final of the abors shield competition R. O. baih between the Victoria Recreation was played off yesterday afternoon' in the V.

Artillery. The attendance of spectators was a Club and the Byth Company, Royal Garrison large one and once agale they bad the appar fanity of seeing the Old Crub" wis lag the Shield.

270

COTTON MILLS IN CHINA.

Tee, situation with regard to the cotton in dustry in China is growing more and more serious, and although with proper galdance the China mills saght to grow prosperous the pre- the progress of the industry which; caless sont is 'exhibiting · cartain ugly, fratnemylim

Although all the mills in China, especially in corrected, will lead to us and of- tramble, Shanghal, are working overtime, we bave the pectacle of unprecedented stocks being held: by the mille and work still going on le the sided one, with the V.R.G. playing strong. L. stocks of cotton. The quality of the ya

The first half play was practically a one dame lings for the simple reason that they hold

and was followed by H. A "Lammert scoring E. Lammert opened the scoring for the Club manufactured by the incal mills has depreciated. two goals in succession. After this the Guntas yam to the mills st heavy loss, becanes

vory much, and middlemen have had to resell.

nors iried to improve their position but without there is absolutely no market for the quality of success and the whistle sounded for half time the Tara they are producing in such large with the

quantities, Tho'milis_bave bongkt' anammODE score standing:

quantities of short-staple Indian cotton, which produces yara darker than is used by the China market, and 'consequently the Chlauss for whom it is intended will have nothing of it.

V. R. G.. 3; R. G. A, 0.

A better game was witnessed in the second balf with the gunners, prassing strong; they gave the Club "no chance' for scoring. This fasted till the end of the game with no farther points added. The club won by 3 goale to mal, The R. G. A played a good game and with more practice and coaching a good team could be put up by 'thom, ..

CHINESE, BANK BAILURE

YUEN SHENG SUSPENDS PAYMENT. The Manila Times, of 4th inst., is authority for stating that the Chinees bank known as the Yoon Shang Bank, on Calle Anlogue, has upended payments as a result of the collapse of the rubber boom in Shanghai,it se believed, The manager to-day at first depled that pay, ments had beco suspended, when pressed stated that it was true that the bank had closed, but that a meeting would be held this afternoon 4t three o'clock by the board of directors wasn foods would be raised by local Chinese o re- open its doors

This bank has for years. done most of the business of the boner class of Obipore mer cbants with the Chipa coast, and when it be. camo kaown this alternoon that the bank had suspended payments the Chinese flocked to the maitution to find out what had becomegul their drafts, exchangos, etc.

The bank is generally kdown in English as the Hongkong Manila Yuen Shang Exchange and Trading Company, Ltd, and its local manager is Yo Biao Sontua, a prominent and woalthy Chinese. The bank is capitalized at P1,000,000 of which bait is paid up, P250,000 being subscribed locally. It does a general Government Socisty at Canton to revive the

In view of the recent resolution of the Self.banking business alter the Chinese system, as

well as do insurance business.

from the San Francisco Call will be raid with interest :-

As for the foreign trade, both in yarn add plece goods, there is absolutely nothing doing. During the past six months British place goods trade with China has shown a decline of L640,000 and the Indian trade in yarn haa. fazed no better. Ara the Chinese going to do what Mr. Hill said recently: don't buy at all? Cotton goods are not luxuries, and however much they may be holding off for a time owing to unfavourable archangs or the high value to cotton, it is a oncessity the Chinese ought to provide themenives with. There in no proof that hand-rom wearing axista" in China to the extent of providing for the wasts of oven a fractional portion of the Chinese am- pire, and nothing to show that that industry le being encouraged at the present time. It is true that the merchants had bean holding off for some time expecting that the new season's American crop.will be plastiki and will lead to the fall in the price of yarn and plece goods; but the latest prognostications and stallstics conclusively go to prove that though the American crop will be better than the present Towson's there, will still be L shortage; and there is no chance of the prices coming, below the present level.

It is no doubt true that the China milis com-

bined together can only put forth a very small portion of the needs of the country, and but it ** extremely surprising that they have not made sufficient endeavours to capture the trade at such an opportuos time. The total number of

miils in China are very faw, and most them of are in Changhai, where it will be easy and ad- vantageous for them to tako concerted action the following is a list of the mills in Ubins compiled from Chinese sources, and though we do not vouch for the accuracy of the list, ‍fr list:

Board, These appointments require confirma. Company and was approved us zaawortby the differently but in a different tone, to the same anti-American-boycott-the-fallowing-cl÷pping in serious difficulty, bat it is sull rusning. † with be found as nearly as possible a complete

tion at this meeting,

Mr. G. Palioch bas been elected Chairmab for the remainder of the year and Mr. Robeit Shawan Deputy Chairman.

AUDITORS.

No colloquial dictionary can be correct in tone or in idiom for more than'a limited area. In Tientsio, for instacce, only some go miles from Paking, expressions are in use which are not understood by natives of the Capital, whilst hundreds of words are pronounced not only words in the metropolitan area, and the farther one goes from what may fairly be considered there is a certain amount of dubialy abort the the centre of the "Mandarin" dialect, the more whole of the cable messages that have been re-frequenily will expressions be met with that are ceived, so far, concerning the details of the either not known to disaster. But there appears to be little doubt that the Tatwan I in a pretty tight

+ ́TO‘ALĘ APPEARANCES

The Chinese merchants have come off victo rious against Immigration Commissioner art North in the preliminary skirmish at Washing Lob for the proper enforcement of the Chinese immigration law at Angel island. Former

Its main office jo Sheoghai is known to be The manager of the local branch may possibly ura bis wealth to get the Manila.bank out of its.difficulties, and it is said that he will do so.

5th August. The Yuan Sheng Bank of Manila, "which suspended payments two days ago owing, it is China, had not begun to resume payments up

Mailland and Mr. J. W. C. Booner, the former place. If for Make wo read Makébourg, the dictioonry of Mandarin Colloquial is an im. Judge Carroll Cook returned from the capital / believed, to the collapse of the rubber boom in

The accounts bave been audited by Mr. F.

acting for Mr. W. Motion Potts who is absent from the Colony,

G. BALLOCH,

Chalinan.

Hongkong, 9th August, 1910,

ABSTRACT OF ASSETS AND LIABILITIES, HONGKONG AND SHANGHAI HANKING CORPORATION. 30th Jane, gio

Liabilities

Paid-up capital ..............

$ 15.000,0 1000 Sterling reserve fund £1,500,000

C cx 1/* jami 15,000,000.0s Silver reserve fund .... 15.500,000.00 Marina Insurance account Noles in circulation -

(Authorised josue against securi- ties and coin deposited with

The Qrown.

Agents for the

Colonies and

their trustees) $15,000,000.00

Current accounts--

Silver

$430,075,829.63

Gold £4,723,737

-94 90, 51012,347.36

Fixed deposits-

350,000,00

13.965,133.00

-173,108,176.99

Silver...... .....$61,936,914.70

* Gold, 64,865,688

135. 54,031,394.09

Bills Payable (including drafts on London Bankers, call loans and short sight drawings on London office against bills receivable and bullion ship ments)....ÖÖNN Profit and loss accountINE Liability on bills of exchange Te

discounted 49,853,0ồn 121, 6d, of which £6,071419 46. rod, hare

luce run off,

Cash

Annela,

latter is a town on the S. E, coast of Mauritius, boasting an excellent harbour. In the quiet waters of this apparently desirable anchorage, it is quite possible that Captain Jenkins may contrive to get the new propeller fitted by tilt lag the cargo or ballast to the foreard and thereby raising the tunnel-shalt clear of the water; If bot, the long and laborious task of towage to the dry dock in Hongkong will have, to be resorted to perforce. So far as we can ather, there is no dockleg accommodation in the near neighbou bood of the Tatwan's present whereabouts; but we trust to see her coming back into Hongkong port with flying colours and little the worse for her escapade among the islands of the Archipelage.

CHBAP RICH IN CANTON,

EXTENSION OF RELIEF MEASURE. [From Our Own Correspondent.]

Canton, Bib August.

NATIVES OF PIKING ar are employed by them in another sente. A possibility, but none the less there are 85 many expressions common to all speakers of thesficial dialect that the author is hopeful that the present utility in all places in which that dialect it work put before the public will be of some spoken in some form or another. There is this, at least, to be said in favour of the Paking dialect-that it is probably intelligible over and the speaker of Pekingese will command a wider area than any other form of Mandarin, respectful attention wherever he goes, provided that he speaks correctly,

sion Press.

WATER KETURN.

Sir Walter also gives instructions forgulding the student in acquiring the dialect and the lones. In the vocabulary there are more than 10,000 words and phrases given. Each page Is arranged in three narrow columus, the first giving the English, the second the romanised Chinese, and the third the Chinese character. The work of compiling this Dic flonery, must have been stupendous, and its author is to be congratulated on the successful accomplishment of his task. If there is one On the 7th justant a meatlog of the com-

fault to be found with the book, it is certainly not in regard to its literary contents, but to the mitice of the Canton Cheap Rice Distribution quality of the paper used by the printer; that Buroiu took place for the purpose of discuss. ing the advisability of discontinuing the cheap leaves something to be desired. sait of rice on the 10th instant, on which Colloquial. By Sir Walter Hillier, K C.M.G., Anglo-Chiners Packal Dizitonary of Reking date the, distribution was to ceass az origi-cn. Shanghai: American Presbyteran Mis nally fixed. The director of the Bureau said that 27,700,000 cattles of rice were imported frem foreign countries and during the last two months 15,700,000 cattles were sold at cheap prices to supply the wants of the people, and there is at present a mock of some 117,568,308 79 | 9,000,000 catties.left wasold. This qġantity of grain will be delivered to rice merchants to be disposed of for the Barean, if the cheap dis- tribution is to be stopped on the abavo dato. | It was proposed by Mr. Kong Shiu Chun that the cheap rice distribution should be continued for oss meath more, in order to dispose of the remaining stock of rice. He asked how much money would be required for one mouth's The extension of the cheap distribution, director estimated that it required some twenty thousand taels forthe proposed extension. After some discussion, it was unanimously agreed to adopt the proposal as suggested by Mr. Kong. It was also decided to approach the committed of the Flood Relief Funds to appropriate a sam of twenty thousand taels from the funds for the purpose and also to request the officials to grant a certain sum of money from the Government treatury in aid of the relief measure.

4

21,501,33264 5.3/9 137.67

$177,183,079.09

$48,005,989.39

Coin lodged with the Hongkong Government against authorised and/or excess, bate circula-

.................................... 12,000,000.00

tion..........TIPEE

Bullion in hand and in transit... 11,945,376.69 Indian Government rupec paper 2,317,687.65 Consols, colonial and other sc.

curities ....... 4,706,302,64 Sterling reserve fund investmegis,

VIL:-

£1,200,000 11% Consols

at Bo

....£950,000,

(of which so,000 lodged

with the Bank of England.

Spacial London Ke

£170,000% Exchequer.

Bonds duo 1915 at98. 264,600 £325,000 other sterling securities, written

'down to end. 275,400

£1,500,000

Bills discounted, foams and cre-

dits

of cheap rice in Canton during the two days The proceeds realised from the distribution on the 5th and 6th instant were as follows: 5th Easter Shed, $1,667; Western Shed, $453; Wongsha Shed, $1,70s and. Honam Shed, 51,170, 6th: Eastern Shed, $1440 West: am Shed, $1,316; Wongsha Shed, $1,680 and Honam Shed. $1,310. Doring the two days | Ibe amoual realised from the exts of cheap rice to the villagers was almost $7,000 each day.

The sales on the 7th justant were :-Eastern Shed, $1.978, Western Shed, 51.432; Wangsha | Shed, S1,795 and Hooam Shed, 51,148. On the same day a sum of about $9,600 worth of rice was collected from the villagers who came to

commodity.

x. al-.15,000,000,00 ..........................144,630,241.46 ' Blitz receivable

........................195,639,558.19 Bank premises...mi 2,047,920.87 *

$377,783,079.49

GENERAL PROFIT AND LOSS ACCOUNT, HONG- KONG AND SHANGHAI RANKING

Canton to obtain the supply of the necessary

VICTORIA RECREATION CLUB.

PROGRAMME FOR FORTHCOMING NIGHT FETE.

The V.R.C. in holding their second 'night fête on Saturday, joth just, at 9 pm. The programma is an attractive one.and should call for many entries. The second féta should prove a greatar success than the first which. took place last week. It is a pity that the Oommittee' bave pot seen fil to include: m2 100 Vards Scratch Race in the programme, as this will be ose of the important events in the Interport Coroival between Shanghal and Remuneration to directors ...$ 15,000.00 Hongkong, and an event likely to be extremaly

interesting.

The programme is as follows,

CORPORATION,

30th June, 1910. Dr.

To amounts, written off-

To Dividend account:

45 per share on 10,000 shares

**£140,009 at 1,98

2,694.735 84

-To Transfer to silver reserve fund: 500,000.00

To Transfor tu. Bank promísar 197

To Balance forward to next half-

+750,000,00

Two Lengths Hand.cap. Diving for Objects.

Four Lengths Handicap.

1

Egg and Spoon Race, Ons Length,

Find Your Partners;

Team Race, 1AČKANA

Swimming in Palte,

Water Polo

Level and storage of water in Reservoirs on the 1st August, 1910.

CITY AND HILL DISTRICT WATER WORKS LEVEL

jgio,

yesterday, where he spent six weeks conferring with President Tait, cabinet officials and department beads regarding the mode of examining incoming Chinese.

All of the mloor paints and objections pra sented by the local Six companies were readily conceded Judge Cook, while the two most important issues Eavo bean taken under advisament with every prospect of favourabla consideration. The fist of there is to bava

the identification of returning Chinese con ducted in San Francisco instead of angel island, so that witnesses will not have to loss a whole day in attending. The second is to allow all Chiners to "buvo as interpreter other than the official one when undergolog the cross examination,

It is paderstood that Taft intends taking the matter up at the cabinet meeting following the summer vacation,

The objection to forcing Chinese witnesses to cross the bay for the purpose of identifying Chicese held at Mars island has heas of long landing with the local Chinese. In this regard Judge Cook said:'

"It is not that merchants are compelled to Ko to Angel island as witnesses. No one can expect a businessman to leave his office an force them to do this, cor cas any one properly entire day. However, if they fail to go when summoned the man in detention may be de. ported for lack of. Identification. This i manifestly unjust. It is also absurd for the government to expect bank officials to desert their offices and spend the day on the bảy,

"The local Chiness want the men brought to this city. This will expedite the work of the immigration board while bringing immea. aulable benefit to the local Chinese interests.

"The demand that a Chinese interpreter, acting in the interests of the Chinere, be pre- Best during the Interrogation of immigrants and returning Chinese is one of equity and com- mon juice. Incorrect interpretations have worked many wrongs in the past.

1909, #2 4" below) 13' 11" below, Tylam...

overflow

overflow TytamBye- f 14′, 5′ below! 27' 31" below

WASH *** overnam

overflow Tytam In- below

3.31" below

"Though I am not liberty to say what termediate Loverflow Pokfulum

* 3 below 44′′ below | passed between myself and the president, overflow

overdow

will say the interview was very satisfactory." Wong.nai. 44 below 14′ 11′′ below

LEAGUE PROTESTS chung... Loverflow overflow

overflow

Secretary A. Yoell of the Asiatic exclusion league schraba following telegram lyst evening 1910. to Commissioner Daniel J. Keefe of the United ,276,690,000 | States bareas of immigration, Washington:

STORAGE GALLONS.

1909, Tytam

211,640,000 Tylam Byewash... 898,000 118,000 "Asiatic exclusion league requests investiga Tytam Intermediate 188,456,000 177,786,000 tion of continued escapes of aliens from Angel Wong-nai-chung Pokfulum

401913094 65,460,000 56,580,000|fstand detention station. Last case was Tlili.

14,873,000 13,804,000 Sule, a Chinese' awaiting deportation. Also

number of Hindus escaped from the British Total 1,327,000 535,018,0:0 ship Iren at Redondo.". Consumption of water in the City and ill The exclusion teagne will press the govern District during the mouth of July.

ment to investigate the cases for these escapes and fix the official responsibility. 1993.

19 0. Consumption ...123,698,000 148,051,000 gallons Estimated)

208,840 $10,550 population Consumption

▸

39.8

·per bead per

a1.6 gallons day..... Intermittent supply by Rider mains in Rider main districts during July 1909. Intermittent

supply by Rider maies in Rider main Districts up till the mh July and constant supply to the end of the mocih, 1910,

KOWLOON WATER WORKS

LEVEL..

1909,

FIRE AT PENING.

BRIGADE'S DIfficult task.

Penang, 1st August,

Lo two o'clock this afternoon. The directors. bald a meeting yourday, but decided to do nothing pending mail advices from the main office of the bank in Shanghai, It was believed Thursday that Yu Biso Sonina, manager of the bank, would come to its rescue, drawing upon

‚his own private worlth,

J

I Ewa Cotton Spinning and Weaving Co, Lid.

Hau Foong Cotton Spinning and Wany- lag Co., Ltd,

3 The Shaughal Cotton. Manufacturing Co., Ltd.

4 The Sau Tas Cotton Spinning, Co., Ltd.

The Ya Sing Colton Spinning and Manu facturing Co.

•

Weaving Co., Ltd.

6 Lau-Kung-Mow Coton Spinning and

7 Soy Chee Coxon Spinning Co., Ltd.

8 International Colton Manufactoring Co.,

Yu Yuan Collos Spiesing Co., Ltd. 10 Anglo-Chinese Cotion Manufacturing Co., Lad

It is understood that the officials of the bank | Ltd. are in the dark as to the causes leading up so the prescot situation, especially since the main office in Shanghai is reported to be still maating its obligations, Mail from China will be received to-day, and correspondence which the local bank has asked for may explain the situation and furaish a solution of the problem.

The immediate reason for closing the local branch was learned this morning. The Yuen Sheng biok is a mutual benefit association, and part of its bovingne in to inste small drafts on China cítics at a trifid less than the coal banking rates. The bank is able to do this for the reason that in securing ex. binge on China it either buys telegraphic transfor ur sends gold 10 cover drafts issued in Manila.

Tong You Cotton Spinning and Weaving

Co., Ltd,

12 Kong Yick Cotton Spinning and Waving Co., Ltd.

13 Wong Chang Cotton Splening Co, Ltd, 14 Tong Yick Kong Cotton Spinning Co., Ltd., Haogchow.

93 Tong Wai Kong Cotton Spinning Co., Lid,, bhaoshing.

16 Tong Chu Yuan Cotton Spinning and Weaving Co., Ltd., Ningpo.

17 Wo Foong Cotton Splaning Co., Ltd., Ningpo.

18 Chan Tab Cotton Spinning Co., Ltd,

Tuesday last the bank made a remittance of P60,000 to the main office, to 'cover drafts al-Taichong. oured at the main office, according to telegra ready Issued here. These drafts were dishone phic information received here, and the buyers *pplied to the local bank for reimbursement.

| Payments were then suspended. What the directors bere do not understand is why the main office can continue business and at the same time refuse to honour drafts of its Manila branch. Today's mail may explain it, they believe, and they assert that the bank wiil re-open to-morrow,

RICK FOR THE FOOR,

KELIRY MEASURES TO BE DISCONTINUED. [From Our Own Correspondent.]

Canton, sth August.

|

19 Yu Shing Gaston Spinning Co., Ltd., CadogaDw.

20 Tring Shing Colton Spinning Or Lidy Waosich.

21 Yick. Ching Cotton Spinning Co., Ltd. Woosich.

21 Lee. Youg Cotton Spinning Co, Ltd, Kiangying.

23 Lagu Wab Sang Cotton Spinulog Co., Lid., Tongchow.

24 Sing Wah Soug Cotton Spinning To., Ltd., Tsongming.

as Hupah Old Mill Cotton Spinning and Weaving Co, Ltd, Hapeb....

26 Hupeb Naw Mill Cotton Splaning sed Wearing Co., Hopeh.

•

#7 Rwang Yich Cotton Spinning Co., Honan. 28 Cha Chiog Cotton Spinning Co, Honan. 29 Fob Tai Cotton Spinning and Weaving-

Co.

30 Holen Mill, Ningpo.

31 Hongkong Cotton Splaning, Weaving and Dyeing Co., Ltd,

On account of the fattore of the first rice crop this year the committees of the various charit. abla institutions in Canton promptly adopted the proposal for distributing cheap rice to supply the wants of the people with a view to

Most of theid are only spinning mills, and prevent occurrences similar to the rigis in Changsha. With the kind co-operation and weaving is done with quite a small number of pecuniary assistance of the committen of looms," Several of the Chinese mills manu- the Tung Wab Hospital in Hongkong and acture and sell piece goods made out of their other at different ports, they have been yarn with band-looms. The wearing branch successful in carrying out the relief measure, of the basicess is almost a negligible quantify, It is remarkable that in a very short period of although in the future development of the trade time these gentlemen were able to raise a large it ought to play a more important part than sum of money 1officient to meet urgent requise.it: dosa at present. It has happied that meals. H. E. Viceroy Yaso also realising the the great majority of the mills have been serious condition of the 'gation, owing to the working at a loss for a considerable period of scarcity of rice, gave orders to appropriate time; it has happened at the outset in every sum of 40,000 tals from the Government place in the East and until recently most of the Bombay mills have been working treasury towards the funds for the purpose. **

Cheap rice was accordingly distributed from at a loss. They had to compete with long- four sheds erected at different points in the city, estabilahad big mills in other parts of the and hundreds of people thronged round these world, which bara had a stárt of several decades depôts every day to obtain their supply of inein some cases. But at present conditions in staple commodity, The distribution com- Osina are pecollarly favorable to the growth

of the industry. Exchanga favour the local" menced on the 8th June last, and it was determined that the sale of cheap rice was to industry, and the high value of American be continued for two months. Now the time cotton should contribute" not a little to its limit of two months is about to expire and prosperity. There is so great demand in the shads have to be closed and the sale of Chios for vara mede out of long-stapla cheap rice will be discontinued on the 16th cotton. If only the cotton grown in the instant. The committees of the charitable northern provinces-of Qaida are secured" for institutions have therefore arranged a meet-

the local mills, the mills should have a

Kowloon) za'a' below) 34 5" below jag. This was difficult for the hoses to plasing to take pi ca on the ó:h instant for the very good time of It On "the other hand

averflow

Overflow

A fire broke out at 2.35 this morning on the ground floor of a godown in the congested part of the town batween Market and Chulia Strobis abadts.

The Fire Brigade tarded out and prompt ly extinguished the burning paddy and brat. From the blaming rafters, the damos caught |the over-banging roof of the adjoining build- Gravitation Reservoir

on. The Brigade, however, managed to extip-Purpose of discussing the adelsability of close they are allowed to be bought for the Japanese ing the sheds and discontinning the distribution

mills, and the latter are having a good trade in Water level reduced for construction par-guish this and saved the fire from spreading of cheap rice go the date as originally fixed. the yarn made out of Chiusin costos. It is posen in 1910.

over a large afer' upon which it would have At present, however, the price of rice remains true that long forward purchase, are made by bees Impossible for the bases to play on and which contained thousands of dollars worth of at the same high figure that it wis three months, the Japanese malli-owners, and there "la came

th of agg, and it in earnestly desired by the people property, Kowloon Gra->

în general that the distribution of cheap rice vitation Re. 155,100,000 87,939,000 gallons destroyed, this would have cleared the way for might be contiqued for one or two months servoir......

longer, If possible, Consumption of water in Kowloon during the the proposed extension of Victoria Street And month of July-

thus divided the congested area between Beach Street and Weld Quay, a much needed in Consumption 24,919,000 34,648,000 gallons provement which it is now impossible to carry oot owing to the exorbitant demand of the Estimated

93,300 $8,500 population

owners of the property, Singapore Free Pre Consumption

STORAGE GALLONS.

per head per

day. Į

1959.

Ipog.

1910.

1910.

Da,the other hand, if the area had been

tain amount of risk in it. The Japaneen kara prospered in spite of the risk; wO SON NA MERION. why the local mills should not bagia beying In.. the cotton districts. On the other hand, thay. The proceeds realised from the sales during here bought the very-low-staple adlin costone the three days on the sst, sad and grd instant and stand the chance of losing her were as follows: Eastern Shed, $1,431) Western point worthy of particularsoucetter Shed, $1,541 Wnogahn Shed, $1,678 and managed mills are more prospe Bonam Shed, 3-,854, 2nd: Eastern abed, foreign managed ones. » Brides $3,6751 Western lihed, 51,340 and Hooam Shed the less costly management1 and $1,100-3rd! Ex.ern Shed, $4,301 Westera cartallment of the management 8.5 gallons THERE ja Bot only a dearth of timber and Shed, $1,003; Wongshs Shed $1,555 and Hor am the foreign managed cam bent wood for building and other purposes et, pro- Shed, 51,ướn, "In addition to the above figures business on a more dim barle

milla let slip this opportunity short time back." Cap suy one throw any light | Ware realised on the three days from the on this shortage and logress in prices, seks [the Parsk Pleneer,

The Government Analyst reports that the sent but prices are doable want they were a } about $3,000, 32.500 and $3,000, respective on the market it may ballon: 1

water is of excellent quality,

Water Authority

of cheap rice to the villagers who came to other opporealer like the excurs Gurion to purgisen their suppimą;

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