1910-08-27 — Page 3

HONGKONG AND SHANGHAI

BANKING CORPORATIONS

HALY YSARLY MEETIKO,

goth lost.in

THE HONGKONG TELEGRAPH SATURDAY AUGUST 27 1910.

Mil 12 Barton morad the confirmation""of the appointment as directors of Menn. G. H Medhurst, F. E. Anderson, 57 A, Lavy, Hop. Mr. Henry Kalwick and Mr. Andrew Forbes,

Mr. T. E. Pearce seconded.

ני

401BS BY THE WAY

VOLUNTEERING TOP108,"

toytell.". And by way of sfording no. possible loophole 10, the bafortunate lingist whereby

the legal fees, and fenlouil faxed na by the | honourable (.bn, Which fact perh pa const;

Agreed, AR AN TRANSA Cfreʼent days, "the good folk of the Colony Ederably simplifies the attitude of the gantid:

The Chaltenso That is all the business of the meeting, gentismen, Thank you for your stendance, Dividend warrants will be ready on Monday.

CANTON UFIUM MONOPOLY.

CARNIVAL.

| HOKOKONG=TRAMME

COMMERCIAL

284

WEEKLY SHARE REPORI®

· Raviawing the share business for the week Mesme E8 Kidouris & Co. write, aniso

Marine Insurances.—Cantons,

wire under the sound impression that that one cynic who once said! All lawyen is thieves. The Hongkong teams for the Interport Swlia- There has been a little more dolaps in The ordinary half-yearly mesting of the

me noble lastitation known as the Hongkong And don't forget, gentle reader, that matter of ming Gala betwean Hongkong and Shangnal the local market during the Impeda The Cris. In the Hongkong and Changbai

Volantear Troop, which fist saw the light of the simost importance to you are often da has been selected, and the local repricataires crally owing to the movement in day amid so much dolet, had lately become arred ad infirm on the slightest pratanteilleard by the German mall as Below Manilar, Ber “Canton and Macao Stan Banking Corporation was held at the City Hall

defunct owing to lack of interest among Its which Gods to on Wednesday morning for the Norths The beats and Shelters a1 poon, to-day, for the purpose of receiving the

members, but many dissentients came forward report of the Comit of Directors together with statement of accounts to 30th age, 2910, M1

and attributed the untimely end of the wonky Was it not modern philosopher who team consists of thirteen members and in the Rubbers The soiling market after some lu organization to other causes which they scarce maly declared that one's family lawyer strongest comblestion in the Colony. They provement relapses as we close and roman call? G. Balloch, chairman of the Court of Directors,

I thought worthwhile to soperate. They crime was abut one's worst eremy? kept are expicted to give the Northerners a hard with a slightly downward tendency, all

tima... Theen is avary probability of their cap experienced some recovery Barly in the wenk presided. were W

A DANGEROUS PRICEDEFT Robt. Skewany: F. H. Armstrong,

lysssured their opposents that they were suffer HARD OF THE FARBON, jog frim a spare and a delusion and that theyThe following Anecdote may be of interest tulog nother flag from the Mod 1 Settlement, but there is little evidence of spy real streets

The committes are to be congralniated on their Banks-Hongkong and Shanghal Banks dam Bandow, Andrew Forbs, Hon. Mr. Henry Karwick, 8. A. Levy, F. Lieb, G. H. Medhurst,

The controversy which has been going on in wern one and all mxract idiots beyond the hope of to those gentlemen engaged in the work of the N.). Stabb (Acting Chief Manngar), R: R. Canten since early in July, concerning the sew redemption for refusing to see through the same string of souls la the Kast Hereft gasi: Appointment of a good man to be the Swim still quoted at Soro, but possibly a higher Hynd, J.F. Oux Edwards, Ho Fook, Lo Cheung Fer lations inseed by Viceroy You Shu-hium, opectacles. In other words, they were gone-A Salvation Army officer was bicycling fast ming Captain, that Mr. Cecil Humphreys, would be obtainables The price in Londo

onerous duties eficiently. The Colony will be (516 with buyers in calad Shin, J. M. E. Machado, F. Smyth, on. Mr. is such a cmplicated one that it is a relief to rally aflicted with a mental aberration which along Edgware Road, and in turely the corner and he can be relied upon to discharge is advanced to 95 Nationals are GO

Hong, W, H. Purcell, D.D.Gasdar, Wang an impending conference between special is little doubt that the valled exultation which he was not hurt, but the bicycle at smashed Cooke, AA Claxton, A.-H. Oumil A 25. Hobsbane, A. V. Apcor, Elle and the Acting British Minister at Peking, M. public on being informed of the unceremonious the laxis tires of running him down. The men, T. Logic, H. W. Petersen, MA. R. Lar bean made Unions continue on Isang him, W. Logan, A. H. Ougb, J. Bailon, delegate on behalf of the Chinese Government was manifested by the general body of the to be called a constable and violently accused Bilis, 1. Forbes, C. Humphreya: LE Labs taken placerat 3.67 and later re Kadoone, T. E. Tearce, Sir Hormujte Mody, Max Keller, wiites the Shanghai Timer die exit of the Happy Valley Hassan proved chauffsur protested, and Davy, who had SocER, F. B. Siya and H. C. Wilchell Dog Bellers at Sign): North Chizan are in diémkad H. W. Lookers N. M. H. Nemiec, Dr. J. Hterially on 17th inst. On July 14 we published somewhat distasteful to the sensitive feeling seen the accident, gave Independent testimony Sandnes, H. O. Joss, G. Friesland, A. E. the reply of Viceroy Yasa to questions which of the patriotic champions. I am timpted to to the fact that the cyclist, was on the wrong. Griffo, W. Dunbar, Lam Fun Chiu. W had been put to him by the Wai Waipu ask myself the qustion whether those who side of the road. At this the Salvation Army Taylor, A. J. G. Pumiteti, T. W. Hornby, and The Viceroy refuted, the arguments which would see volanteadog Burish are not leading an pitched tale of excuse and woe, anding

had bien put forward to the Wai Wu-pua forlorn hope. "We have been given more with its plteous story, “I might 's bin R. C. Edwards. My

Thu Acʻing Chief Manager road the police by the British Minister, and disagreed with than one' opportunity to convince b#TBXt there might bib killed." bin killed, I

the_contention that- Els action had been a

"And wot of it" put in the son of the sull conrening the-metting,

The Chairman, having read the report for

ruthlessly en lands up at the sireel carner av'ry night theatin, and prayin' to meet the half-year, said:-Gentlemen,It is very

ver Flaker, su, the first chimice yer golu yer gratifying to y or Directors to be able to add, to the long unbroken serier, another excellent

grumbles at fi,"

CASUAL CRITIC report of the working of the Bank for the past hall year. I feel sure that the one which have just ad will be regarded by you all as

VICTORIA RECREATION CLUB.

· រឹត satisfactory every way and that the distri- bation of profits recommended by the Board

SECOND RIGHT FETË, will commend itself to you.

Marray Stewart, Chan Tong, J. W. Q, Tonsaż, koów, from our telegram published toŊday, of ) must hava been tragic in the extreme for there at Praad Street he was run down by a taxi, rapresostad by:-Messri. A.-V. Barros, hands to some extent. "A fair baalnèss kavingi

Subject to your approval, it is proposed to pay the usual dividend di per share, to write's lacs off Bank Premises a/c and to add 500,000 ' to the Bilver Kessiva Fund, leaving a balance of St,019,390 83 to be carried forward to the pow half year-abost the same amount as that brought lo from the last account

Following the lines laid down by my prade. cestor in the chair at the meating held last August, it is my intention to leave all reference. to trade and generel business over until this end of the year and to confice my remarks to a few compar sons of the figures in the Balance Sbest now before you with those of the two previous half yeart.

You will notice that our rota ciiculation, as usual, is lower than in December but show very Huls change from the figures of a year ago, while coin lodged with the Government security is reduced from thititen to twelve rolllica dellars: Silver Current Accounts at $120.010,CO2 ase considerably hi her than in both the previous half years, Fixed Deposit in Silver stand at about the same as six months ago, and show an itcrease of some $3 lacs over the figures of last June. Gold Deposits and Gold Current Accounts taken together are £400,000 lower than in December, but, me not far short of what they stood at a year age. Bills Payable are Sari millions against a similar amount in: December and S14 millions In June 1909.

|

|

|

-

breach of the Chefoo Convention. He assort ed that the right to lavy import, dation was A matter of China's internal administration which did not require the compliance outside nations. It will be remembered that additions articles were agreed upon between Great Britain and China after the Brit

TREATY OF CHEFOO

had been sigued. These additional articias were only signed at London in 1885. They provide for the coga zince by the Imperial Maritime Customs of all f.reignoplum imported into China until such time as the tariff duty of Tls, ja por cheat" of to· catties has been paid. When this opium is to be taken into the interior the Customs are required to issue gratuitously to the owner transit certis care. To the words of the ♬ greement. "such certificate shall free the, opium which it applies from the imposition of any further 11% or duty whilst in transport in the Ir- terior, provided that the pickage has not been opaced, and that the Customs seala, marke and numbers on the packages have cot been efficed or tampered with." The provisions of these additional articles of the Chefoo Treaty item to be

SUFFICIENTLY EXPLICIT

to raw oplum, bas the contention of the Viceroy that they do not apply to prepired opium is difficult to controvert. Pe claims that, ia senking to force the opium merchants to change the raw foto prepared opium within three days afer leaving the Customs, be is not interfering with the provisions of the Treaty while at thu's.mo time há is taking seps lo prevent the storing of a large quantity of opium in Canton, contrary to the Agrarmsat between Great Britain and China for the gradual de crease of the importation of opium extending over ten years. There have not been lacking,

those who have tried to read into

THE VICEROY'S ACTION unworthy motives, by.assorting that his whole object is to favour certain Chinese dealers; but there seems absolutely an ground for this gratuitous supposition. The situation which we report to day, concerning the seizure of two chests of opium sent from Hongkong to a poit on the West River which had already paid Maritime duly, is sure to bring the question to a direct issue. It is, of course, possible that the seizure may have been made by cfficers who have misinterpreted their instructions, and as yet we do not know the circumstances under which the selzaro was made. The opium may have been part of a lot which had not been shipped until later than three days after its In such a care release from the Customs.

of the Viceroy would be that sufficient opportunity had been given to the owners of this opium ta comply with the new Regulations, and that failing to do so, they made their cargo liable to seizure. This position would be

On the other side of the nicnunt, Cash is a little lower than the previous six months and $63 lacs feas than in the corresponding period last year but Bellion in hand and lu transit is SIT,945,000 against 51 3:8,000 and $6,47,000 in Jvas and December 1909 respectively There is very litle chaoga to record to our fnvestments in Indian Government Rupee Paper during the past year, and Consols, Co. Jonini and Other Securities remain at about the Agure they stood at six months ago. Bills Dis. cospted Loars and Credits at 44,630,000 show advances of $16 millions over the Decem, ber and of $1 millions over the Jans fitures, The amount of Bills of Exchange re-discounted is considerably larger than for some time past, and this is, to some extent reflicted in the lower figures for Bills Receivable which are 522 millions below what they stood at in De- comber and $; millions less than in Juns last. The' te lemption of the National War Loan of which we held £155,000, standing in the books al go, necessitated some changes in the Bierling Reserve Fund Investments. We par, chased £70,000 3% Exchequer Bonde, due 1915, at 591, and sold £8,000 Copsols to bring over against the issuance of a transit certificate, our holdings of that steck to a round amount and it would appear thit the day of carrying of £1,300,000. As you will see from the State-out the Trovincial Regulations should be in- ment of Accounts, Consols have been written

cambent upon customs authorities before the down fram 82 10 83 Other Sterling Scurt. fles- all git edged stocks-from 4179,940 to £775,407 and the recent purchase of Exchequer Bands, mentioned above, to 95 This involved an experditute of £7,170 which was met ont of the profits for the Balf year:

As mentioned to the Report, Sub-Agencies of the Bank bave been opened at Ipoh and Johore in the Malay Peplarula,

Although at the outset.I praposed to confine my remarks to the accourts, there's one inafter ouisids these which I think, calls for brief comment 1 refer to the recent crisis in the Native money market, in Shanghai, caused by the failures of several Native Binks at that Port Energetic action was at once taken by the Chi rasa Authorities, the Native Bankers Guild and the Chinese Chamber of Commerce. The aid of the Foreign Banks was sought and negotiations catulted in their making a loan of Tis 35 lacs Issued under Imperial Elict, to the Tacial of Shanghai for the assistance of the Native money market. Tas relief thus afforded bad a Very good effect and, although business is still restricted, it is hoped that a gradual return of confidence will so enable Nativa Fanks to jesume the granting, of reasonable trade facilities.

The only other matter to which I will refer is the departure on lave of the Chief Manager, Mr. J. R. M. Smith, and I am so you will all join with me and my colleagues on the Board in wishing him a very pleasant holiday, (Ap planta) During Mr. Smith's absence Mr. H.

the probable contention

DIFFICULT TO MAINTAIN

||

|

issuance of such certificates. It would be a dangerous precedent to establish the passibility of going behind the irsuance of trauzit certif. cates, and holding the owner of cargo respon ble for the failure of duty on the part of the officers of the Chinese Government.” As soon as such certificates are issued they must be con sidered blading, «It will be remembered that a čase, arese recently at Swalow, concerning in- terference with native opium after certificates bad been issued. In this instance, the Shui Wa Che, in con ultation with the Board of Revenus, istaed Instructions to the Foreign Costoms that no interference was to be allow ed. It is probab's that the same position will be taken in reference to this seizure on the West River. To the meantime, the whole ques tion will doubtless be thoroughly goue into by the representatives of Chian and Great Britain at the proposed conference, The interest of the general public in the rastier will be centred around the question of not creating a precedent in opium matters which would be disastrous to other forms of (ráda.

INTERFORT SWIMMING

CARNIVAL,

THE PROGRAMME,

The programme for the interport Swimming

are many who regard volusteering in the nature of a sport, who have a mighty poor idea of what an action is Has and whose position if they were suddenly to find themselves under Gro would wory probably be one of bewildered | helplessness. And further, it is scarcely ad exaggeration to say that there are many, who, if handed a rifis at any shooting range, would id all likelihood not know what to do with it. Bol as I wish to escape the cansurs of finding fault with a thing without a correspondlog effort to suggest remedies, how would it do to dishard all existing volunteer organizations and devote the large amount expanded on them annually to increasing the starding

army as a mixt of réserve forca, With all

humility, I would recommend the ides to Mr. Haldane, with particular reference to Hong kong. I might possibly be accused : 1 being too ambitieus in my views but then, if my idea were to be carried out, maiters would not be worse than what they are already, with this little diference—that there would be sOTE semblance of security in picce of the ascertain trepidations es matters are at present.

THE STORY OF Another WONDERFUL OTGANIZATION,

In trening the public to strange surprises, the authorities apparently scoffed at the idea of proceeding is drib drab fashion, but evidently believa in heaping them on wholesale. With what mingled sorrow and surprise the news which was so gently broken by our O.A G. the other day that the Hongkong Volunteer Re- serve Association was to bewound up, and te- started under another name (I forget the name) must have bano, received by the Kcal patrio's. At an extraordinary meeting of the Association which was held at the City Hall list Wedres. day, the popolar frish gentlemen delivered a feeling oration on the duties of citizosh.p and when the proceedings terminated, everybody ́went away feeling suil: fied that British p ́8.tige was very far from belog in jeopardy so long as our noble citizens were willing to attend drills sad join Volunteer Reserve Associations. All of which stunds extremely gratifying, but in spile of these commendable eflors to diffuse patriotism broadcast, one cannot very well gnore the fict that something very nearly up. proachlog half a lakh of dollars is expended face of that, what have been the results so far annually on volunteering la Hoogkong. In achieved by cur citizen soldiers? Surely not the anonal farce carried out at £ tonecutter's?

A REMARKADLE DINNER: And then on the very next day following the 'Governor's speech, a dinner is given at a local hotel where post-prandial addresses are made in connection with the "Scouts" who are, judging from the tread which things are taking, shortly to be inflicted on us. It would seem that one useless organization is no sooner got rid off than another gaily chips in; the one makes way for the other, as it were... Somebody, ukually the Governor, starts the thing with as much-pomp and ceremony as possible and after making a lot of noise, gracefully retires whatever suds shocks there may be in store for from the scene and leaves posterity to receive

them. If a stranger were to peross, un sc impression he would doubtless derive from it count of these patriotic proceedings, the first would be that the Colony was preparing for hurl self with all the fury at its command on |some invincible Armageddon which way to

| the distracted citizens. At all events, "! Bobs"

would have nothing to complain about,

THE LATEST DISCOVERY.

Local discoveries are evidently not corflzed within the parre limits of tigers who leap thirty feet into the air and who dig their own grives, Neither are they circumscribed by the advent of human beings from Cown. AC- cording to a very reliable source of general information, one more wonder was added to the Colony and to the world the other day la the shape of a pig with two bodies, eight legs, two tails and one head. In every other way this monstrosily resembled otherordinary plas, except in the matter of its head, which was s is larger in prepation to its body, and shim was not to be wondered at since it had to apply the grabbing capacity for two bodies had it lived? This strange freak of Natura was to be presented to the focal mureum, “Let as hope the same uncertain fate will not befall It as was the case with the precious skin of the Kowloop tiger. The only pity is that the publleli not, afforded, greater facilities to ke- hold these truly remarkable products of crer- tion.

A LEGAL QUESTION.

The Law Society of London has of late.

|

saud inst.

BULLION.

ar Bity, but there are no sharaj obtéingoin unless the price advances. Yangistas" arufen- ported sold in the North at $305

Fire Insurances—China Fires sza unaitered Sa, Hongkong Fiese haya slightly, we Akas ad, sales baving occurred at $31

Messrs. Mocalta and Goldimld's report, dated London, July 20, saya

The silver markat during the past week has Shipping Hongkor Canion and Macko shown decided weatoess and the cash price Steamboats have been is good request and lan has fallen from at

to 748 which we quote price has advancedɛto: Sju-1 is undertook

that the herangement between, tha dif The fall in the forward quotation, has not Contipaules to pool the profis, has bina been so decided and the difference betweened for my forther pariod of twaira, monter. cash and forward has consequently narrowed China Manlias hays axparlanced, a shum 1/16, the buying having besa almost entirely for on the rpm being mide, pablic; that the forward delivery and holders of spot being steamers are being transferred to ike Amerió ready to lend aliver on mere reasonable term can flag and as high as 514 has been paid With regard to the general aspect of the for shares It is rumoured that the ar market, the conditions, mentioned in our fast rangement will include ad kabsldy, from The V.R.C, held their second night, fête On

circular continua, the very large holdings by the Philippias Government. We understand Saturday 1st. The porel entertainment ose operator hanging over the market as a wet the iden lo to run a Mail Service between this war attended with considerable success and blanket and preventing many from dealing in pou, Manila, Cebu, and Tloilo Dougla

point of numbers even more success the metal who would otherwise do so, a Steamships are offering at $27, Indo Chines ful than the first. The sitting accommoda: The ultimate destination of this larga aci bava funker receded and are now obtainable at flog was packed to its utmost and got even stand. cumulation of silver dificult to foreste as 560 Star Ferries continue on offer ki ju ara ing room could be had. The band'cap events there is very little activity in the barners: and the new shares Sit. Shell Transports. Kara were well contested and enfel in hard the prospects of the lading Government require besa the medium of a large businuis and sharun struggles. Thanks are due to the bandicapplog og silver are more remote owing to a material have been sold as low as 89/-. As we close tem commitice for their excellent work. Besides across in the currency reserge doring the last market is stronger with possibla bayara at or/.. the original programme two extra events were

few weeks.

Refinerles-China Sugars continue at $152: added, which were an Eight Lengths race and

Mining-Raubs have been booked at 5/1 without any business reported. T ao exhibition in High Diving,

and $74 closing with sellers at the former rates

D. J. Cooke and Cecil Humphreys started for the Light Lougths. Humphreys stopped at the sixth length. Cooke covered the entire distance in a min. 361/5 seconds. This time is good and the swimmer can be relied upon to give the Shanghaites a gap3 6ght for the szo. yards in the forthcoming interport coblest. The diving exhibition was excellent and brought out many competitors.

The Bind of the Bufis played selections of music during the evening.

The resul's are as folliwa:-

Two Lengths Handicap. Fiat fleat.

1.0. Barretto ("go") ............nsion I J. A. 5. Alves (owes 4 sec

C. 11. Lysin (owes 4 secs.) Four started and a good race was witnessed from start to fialsh; a tia resulted for second place. The winner won by a touch.. Time 37/5 sec.

Second Heat,

L. G. Cordeiro (owas 6 scc.)... 1. R. A. Ca valho (owes 3'necs.) 2. This heat was a gond one and Cordeiro just managed to win by a fouch. Chunyut also started for this. Tima 391/5 secr. Find Your Pariners W.). Carroll

W

C. H. Summers ƒ ""*

1.J. White

1.É. Chupyut

....... 3

either to continue buying and no lacrosse their The present holders of silver have therefore holdings, or leave the market to find its natural level in which case lower prices would seem inevitable. Gold has continued is demand for America and the Contineat and the whole of this week's arriv was taken for export though At 4 slightly lower price. M

Epilog the week the Bank of England has received 12,006 in sovereigas from France whilst £60,000 has b;en withdmwn. ''

Messrs. Samuel Montagu & Co.'s ballion repart, dated London,, July 8, contains the following:

GOLD.

The arrivals of bar gold-about $700,0:0 were bought principally for New York, and in the absence of any keen competition the price fell to 778, 9d. p. or. Std. The amount reserved for ledis was £73,000.

The following amounts have been received by the Bank of England :— July 21, 10,coo in sovereigns from France.

25, 12,000 in spraraigun from France. Withdrawals have been made as under;→ July ar, £6,000 lo sovereigns for Gibraltar,

Singapore.

• Batavia..

11-

Docks, Wharver, and Godowns-Sulbs of Ingkong and Whampoa Docks have taken place at Sej, $50 and $51, there are more buy. era at the latter rates. The Report for last half year's working shows a. profit of $16,17418- which together with the amonot carried forward from the previous account, vix, $11,955.91 leaves the sum of $148,910,56 availabin," amount set aside för cost of snlarging the No

Dock, viz $121,000,00 has now been trans- fored to reservo, as the expanses for this pur- pose have come out of ravanna....... Shanghai. Docks me still gooted at Tu, 76. Hongkong and Kowloon Wharyes can be placed at $54. Shanghai and Hongkew Whatvos are reported to have been sold at The 116

· Lande," Hotels and Buildings-Hongkong Lands have again been sold at 998) and close in demand, Humphreys Estatar are obtainable: at 3. West Points can be had to a small extent at $10 while Kowloon. Land) havA probabis buyers at $31 Hongkong Hotels bava'bsen sold at $103; but there aro, no more shares offering at the ruto. The new sharun are unchanged at Sis.⠀⠀

1125, 10,000

Cotton Mills-Hongkong Coltons are sleady, 126, 30,000

at $5. According to advices received from SILVER,

|Shanghii all Colton Mill shares are unsitered. The ordinary activitión of the market are Miscellaneous-Chinx Horneos, are obtala«"": suspended whilst public attention is centred able at 5), Chinn Providents have boyarı atə on the problem involved by the fa'ure dispetual, St." Green Islands have again weskused and of the gigantic klock of accomulating silversies are on offer at: $6 : Hongkong, Electrica um': Six pairs steriod for this event and created a⠀ It seems almost out of the sphere of warka," | "still in favour and ara asked for at $10,: Chien- day business and suggests a feat of strength in Lights have sellers at $140. Hongkong Ropes which weight after weight is being plied on the bara been booked at Sax and Watsons at 163. arched chest of the performer, whilst the by. | Union Waterboats are jóguired (or but there are standers wonder how much more he can bear. | no shares coming out at pressut rate offering,

The interest of the problem lies in the ques- Exchange-The · Bank's: drawing, rate on" tion as to who will remove the burden when | London in 1/91 on-demand and the F. T, rain the limit of endurance le reached..

on Shanghai in Tis. 74)

AMATE

fat of amusement. The swimmers were all bifidfolded, the one to had his partner first to wis. Carroll found bis man à second before White,

- Final Two Lengths. J. C. Barretto "go" is mac ! J. A. S. Alves (owas 4 secs) ............$ ..R. 4. Carvalho (owes 3 sec.) ....... 3

All the placed meh started and the race finished vary closely. Time : 37 stcs,

Egg and Spoon Race (i Length). R. C. Witchell -

X

8. A. Loposarem unaoanninas 2 Witchell won this event comfortably,

!

Four Length Handicap.

H. J. White (owas a secs)....., M F.. Craz (owes & teca) F. L. keni (Ones 9.3CCS)

|

A

A. R. Ellis (owes & secs) and P. M. Remo- dios (owes is secs) also started, White, the "limit" man, he'd his lead, till the Gaish and won by a touch with Crez second Ellis did tot falsh. Time s m. 18 3/5 secs,

2

Swimming to Pairs, R.A. Caivalho.övészpé A. H Carroll...ampioni, A. R. B¶Ð 1..E. Chuoyuluminatumas This event was also Interesting and caused a lot of laughter among the spectators. In this event one hid to use one's legs and the other his hands. The winning pair won by a touch, Diving For Objects, F.B. Silva (8 Objects)

F. L. Fraga (6.Objects)......... F. K. Tata (4 Objects).

Team Race. R.C.Witchel, LE Lammert, W. J. Cir

Grolly"A" V} Bar:01, J. A/S Alves, and

P.C. Carvalho, ins

3H: W. Patersen, A. 5. Ellis, A. H. Carrell, L. G. Cordeiro, F.. M, Crus, and H. J. Whitepa

F. L. Ron, A. R. Ellis, F. K. Tate, OH

** Lyson, I. M. C, Lopes, and 1, E, This event proved an excellent one and

Chocfat

......

3

We look to the Indian Daria's, who, ai shé present time, are the only legitimate consumers on a large scale, and we find a paltry consump tlem of £35,000 a week-not expected to in• crease materially for several months-and we notice that Amarica, the pilacipal producar is pouring to £350,000 a week; this is not unlike the discharge from a 7-10, lato 2-is, pipe, which, as every one knows, usually spells dis

aster,

·FREIGHT MARKET, Mesa, Lamke and Rogge write to thele: fortnightly circular of soth init 1-The freight. market during the past fortnight has been in: very direction dull and inactive. As will ba seen from the list of suitlaments overleaf only

sla

very small business has come to pass chiedy made up of coal fixtures to neighbouring porta, We torn to China, which without doubt has Since the last week our markets are of orders." Feveral boats lately employed in the taken advantage of the situation to reduce her Caille trade between Wyndham (Australia) and holdings. Heavy ligaldation would drive the the Philippines ending their charter at Addulla exchange down and down, and it is far from tave not been taken up, agala as charterers likely that Chios wou'd absorb sliver except have now surplas iompage on hand, owing to at successiva falls in price. TH BOMAN the Government prohibiting farther importation Wo-iarn sext to the prospect of Indian of Australian cattle, so, which reference was als Government purchases. Before this is within ready made in our last report. Three practical politics there must be a decided are now laid up at Manila for want of paying shrinkage of the Treasury balances of which employmentre de no sign is yet apparent, but rather the contrary,

› Business generally is suffering severely by Moreover, there is an expectation that satisfac the Boascial crisis in Ghlon and the outlook for tory harvests will be followed by a great revival oy material improvement in the near fotura is of the Indian Import trade. India having for not very promising if the North does not give some time put kept herself short of goods regular liners sufficient employment. WORTE Thus, if India's prosperity is so great that she glad to say that Tatest news to hand state that will prafer to spond for goode rather than lay the Rivers have risen considerably owing to by silver ropees, the Indian Government will the recent rains, so cargo should come forward have no reason to supplement the metal more freely. Fixtures have already been done currency at any rate, on anything like a large | from Wahu and Chinking to Swatow at in) scale. The monsoon has stopped temperary Candareens #licet term

Stabb has, been appointed: Acting Chief gala between Shargbal and Hongkong: has been greatly perturbed by, fisica altacks Witchell's team wen by about, khif'a sécond, strc's, AGRA ANG MAGKAMALARI MAnd sa, Xaikinė is abw foadingizo 35,000 picats

Manager (Applanie.)

Before moving the adoption of the Report and Accounts as presented, I shall be pleated to apiwar-ney questions..you may pul to the

Ubair.

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

Hon. Mr. Z. Oborzo:-Sir,-7ke techol "calitist of" Backing, as with ovary - plber branch of work, are, to the non-expert, diffi- cult of comprahenilor, and 1 suppose that few of us are. able to fully understand, the. complete meaning of the stupendous figures. /you have just "quoted. But whatever may be their precisa elgaificance, they neverthe Leas" picture, to all of us, in outline -clear mad forcible, the magnitude of the Bank's operations and the ability, with which These operations are conducted. "What these figures, condastad into half yearly packett, smead to Tapk'tfficials is beyond the power “An outsider to realiso; but we may be perfectly

sire of this, that they meat to one and aST, Varying incasare, anxious responsibility, tacifol magot Elion,asbounded work. Therefore I feel 1113 bat ja tand fiulog, syat, in socoading the Seson and Accopots, should ask Shures bõldels present, to accold a vote of thanks to Directors, Chief Manager and Staff and to con

hers on the saciers which÷181_ale urlög lbs past half yang,

ம்

been defalidly arranged. .... It has bran decided

Colnago orders elsewhere may come, but Shigor/Hongkong.There is very linle maya these are distinctly limited and their advent is log in this direction and rates show a consider= not much affected by the price of allverable falling off The nominal quota

Trade requirements would be increased by stands at 6 conte per pical, which rate lower prices, but there must be considerable Timers are accepting for part cargoes. tempation as to price before a large demandsijos/Philippines, if Only ond fixture, has won'd be felteazemok takno place in the interval; the small en, zid

Against the above considerations must be set accepting a cargo for Coba at o'rnia ni kawas fivcurable outlook of silver-apart from 1:0 have just loaded a cargo at Saigon, for Mala the dadesblod prosperity of India and the 20 cents par picul sai. Prayer and M to cancel the hige dive, owing to the pond on the honour of the profession from high

The cash price has fallen away considerably, alcior Manila, sa there is not minch charwicks in the Hongkew Recreation Ground baing quarters. At a recent mesting of the Society

Bear Covering is much reduced and therefore expected this mouthingtorque tra passieThe divings, will be counted. as one

A resolution was moved protesting szalost the erect but will consist of two items, Russing attack made upon the s-cloty by the Chane

Add then hava besa but few forced purchases #t Balgopljeva A few charters have (ranspired) Fader from Spring Board and Nast Diving celler of the Exchequer in a recent speech in WATER POLO premium the premium on spot silver has beek at the rate of 13/11 car par

the House of Commons, and declaring that Wilie-L. B. Lemmer, F. Ko Tata, A. S from a height of 10 feet.

The Goal selection of the Hongkong team his allegation; to the effact that the society's Ellis, OR A. O. Rodrigues, La Chuayat,

sight, promo purchases opposition to propants in Parliament has J. M. O. Lopes and Ly G. Cordeiro,

anticipated cours will be made on Monday, w

been, aniformly based on a selfish desire to | Blue-A. V. Buros, &, IL Carroll, F. L. Bezs,

HergeCE COR maintain professional charges of the public, H. W. Peteries, R. A. Carvalho, H., J.

NiwcHWAPH/LADION White and A. R. Ellis ESRAAS The evsote ware brought in a close with

- September 1st. Municipal Balb, 9 p.m.

100 yards Championship

Long plange

September zod. Hongkew Park, 5.30 p.m.

880 yards Championship. Throwing polo ball,

'jj p.m. Municipal Bath ;

Neat diving.

120 yards Championship. One length team rece

September 3rd. Municipal Balb, a p.m.

460 yards Championship. Two lengths team face." Water Polo.SE

QUINA'S NAYYI

BY ANOTHER JAPANESE ORDER.

from Fe'erseo's. These two teams were very. evenly matched. Resve team was weakened by a couple o of changes, th Mend

reduced in coparquence to +1-85

A shipment of £6,000 has been made from San Francisco to Hongkong

The quotations today me respectively Id. and 1-15d; below those quoted a week ago.

THE ANTI-OPIUM MOVEMENT,

Civit

ed bost, the si: 175 ployment la

been an

́interest, is unfounded in fact and is an unper-

sion upon the "honang, of the, profession (of. which he fɛ a member. After a series of ing a grand game of water polo.”. Belk teams were dignant specches the resolution was carried evenly matched and it was hurd to say who with a few dissentients. The Chancellor of would win at the opening, stage: The game・・ A certain member of the. Board the Exchequer bas written to the Frenidout of was fast and exciting throughout, and to the Administration has placed. " memorial: bolora the Law Society a letter in which, referring to fist half no goals were scored although H. E 1, Priece Su, The Fresident of the Board. the resolution passed by the Society pratente both sides made many good allempis.” All the of Civil Administrator, anggesting quayana kan ing against his speech in the Honis of Gem start of the escond half it looked as if a draw | sale of ant oplum pilla ja tie market should be per mous on fure, 15, he way that the Society would reault but when the game almost came prohibited to ord to prevent the dangos" of appears to be partarked by lilla criticism to close the tables tomod Lional Lam aring morphle or abitim, is the but its attitude is "leevitably coloured by the meil passed a high shot to A. 8. Elis who was suggest that anti-opium pille natural tendency of soliclions to keep in their tax (ron) of goal, and this player sent in a hot|pared by the Government doctors, and said own bands the burleess which they hava con- stipger by punching-samu÷fu,-amidst-lond

**fiureau which shoulda

ducted in the past.” Well, well," the question | Cheers, After this the Blass mido many mote mbilled." auto who has greater cause for sorrow, the | sttempli bat nothing resulted, and the game (kang sugges bonourbis proitis on embracing iba army of sudad in a win for the Whites by one goal to forsonic gentlemen, or the public will always callin

ramain & most politijs From a parly personal." At the conclusion of Abs spine

1 point, it does seem Comerfint, firange to Ware presented to the anccas the lay mind now life that the icons = ln cùr, the Châlemin.

20 Paking, Augciók: → Tho Kewasaki- Dockyard hen incalved from, Chlak a contract lőt a gunboat similar to that. Jein action cometimes nach: 1 'figure four or that procas ordered from thu Mitas Bilah) Companyre N. Svo tlines the simogat in dipana, Thla quer peint