180
crashing came from these stopes. Since the fine weather has set in, the water in the mine has eased off a great deal, which makes the work- ings better.
Western Lode.-There is no change in the prospects of these workings. Stoping is be- ing carried on both north and south from the north winze; the lode if anything is a little smaller on the south stopes. Gold can be seen in breaking the ore in all the stopes and a fair amount of crashing stuff has been sent to the battery from here.
Battery-A rough clean-up of the battery took place to-day : 850 tons yielded 1.200 ounces amalgam. About half of the ore crushed came from Bukit Koman, three-tenths from Raub Hole, and two-tenths from the western lode. One week was lost owing to the Chinese New Year ho idays.
Railway. The survey of this is completed from the western lode shaft as far as Bukit Malacca, with all the necessary plans, sections, and estimates to proceed with the work, The total length with sidings is 3 miles and 12 chains. The total cost, including rolling stook, I estimate at $32,792. The line is longer than I originally intended to carry it in the first in starce; but by carrying it to Bakit Malacca it will enable me to at once open up several mines Bakit Koman, and raise equally as good as
ufficient ore to keep double our present number of stamps employed.
THE HONGKONG WEEKLY PRESS AND
THE KOBE CHAMBER OF COM- MERCE ON FOREIGN INTERESTS IN JAPAN.
We extract the following passages from the annual report of the Committee of the Kobe Chamber of Commerce :-
DISCRIMINATION IN FAVOUR OF JAPANESE MERCHANTS IN THE COLLECTION
OF DUTIES.
|
[March 6, 1895.
HONGKONG RIFLE ASSOCIATION.
SHORT BANGE CUP AND SPOONS. There was a large attendance of members on Saturday, but a strong gusty wind down the range prevented heavy scoring. The Cap was won by Corp. Lyneb, R.E., and the Spoons by Sapper Lawson, Petty Officer Bishop, Major Wrottesley, Sapper Thompson, and Lieut. Hoey, the last named being for the best nett score. The following are the best spores:--
Name.
500 600 To H'cap Gd. yards. yards. tal. pointa. total.
25 56
surance, shipping, banking, and the other numerous and complex surroundings of foreign trade, will necessarily have to be dealt with by the judicature of a country which, notwith- standing its extraordinary progress in civiliza- tion, bas only within a very few years become coguizant of the existence of such institutions, and which even now possesses practically no laws applicable to their regulation, it is only natural that the impending change should be regarded by the majority of foreign merchants with feel- Information was brought before the lato Comings of distrust and apprehension, mittee in 1893 that the Custom Houses at the open ports have for some years past been allow- ing Japanese merchants to pay specific duties at an exchange of Boos 317.46 per $100, whereas foreigners were charged at the Treaty rate of Boos 311, thus giving an advantage to the former of rather more than 2 per cent. Some difficulty was experienced in obtaining actual proof of the alleged practice, but this was at length overcome, and on the 15th of May of this year a memorial was addressed to the Foreign Consuls upon the subject, a copy of which, as well as of the replies eliccited, is appended. It will be observed that the evil has now been remedied, and that from the 15th October duties have been collected, from Japanese and foreigners alike, at 21 sen per boo, or Bros 317.46 per $100. Although the representations of the Chamber have been successful in remov- ing this disability from foreign trade, the Com- The Straits Times says:—It has been decided mittee is obliged to confess that the tone of the communication from the Government is some- to build on the property of the Raph Australian what unsatisfactory. Whilst admitting that a Mining Company three and a half miles of rail-distinct breach of the Treaties has been permitted way, of 2 fest 6 inches guage, to connect all the for nine years, to the great advantage of its own mines with the battery. The order for the rails subjects, there is no word of excuse for nor ex- is already telegraphed home. A locomotive has planation of such an arbitrary proceeding, and been bought locally from the liquidators of the above all no indication of restitution. We are Tanjong Pagar Land Company; and every left to the irresistible conclusion that had not a effort will be made to push on the work. The mere accident revealed the existence of the gradient of the line will be 1 in 50.
The
practice it would have been indefinitely pro- cost will be about $32,000. That cost will longed, and to the uncomfortable doubt that be paid, in a manner, out of the working of other, perhaps still more serion, disabilities may The mine. That is to say, having regard to the still be permitted, of which we have no knowledge. different interests of the fully paid and partially Such a condition of things des not augur well paid shares, it is probable that the cost of the for the future of foreign trade, when its present railway, being a capital charge, will be defrayed limited safeguards shall have ceased to exist. by a call, but that the call will be made concur rently with the declaration of a dividend, so that the call can be off-set against the dividend. A call of sixpence per share on 140.000 partly paid shares yields £3,500, or, say, $35,000: As the next dividend will probably be sixpence, that dividend and that call may conveniently balance each other.
WAR WITH CHINA.
War was declared by Japan against China on the 2nd of August and the invasion, first of Korea and subsequently of the north-eastern districts of China, has since been successfully accomplished by this country without any serious opposition on the part of its antagonist. As regards the influence of the hostilities upon foreign trade, which is the only point of the THE TAKU TUG AND LIGHTER CO., question with which a commercial body has
LIMITED.
The following is the sixth annual report for presentation to the annual meeting which was to be held on the 23rd ult. :-
The accounts for 1894 duly audited, which the direc. tors will submit to the general meeting, are presented herewith.
to deal, there is no doubt that business in the rdinary staple articles of import has been riously affected, both on account of the nn- sottled state of native commerce and by reasou also of the usual means of communication with the interior having been interrupted by the move. ment of troops. On the other hand, however, a considerable impetus has been given to the de- mand for some special goods, as well as to the charter and sale of foreign vessels, and the export trade appears to have been carried on without any restriction. At the same time the Government expenditure, which so far has been provided without any appeal to foreign capitalists, must be very considerable, and unless a large in- demnity be obtained from China at the termina- 2,128.57 tion of the war the withdrawal of so much capital cannot fail eventually to restrict in- 43.000.00
61.428.57dustrial enterprises, and for a time at least to 14,318.02
20.454.31 impair the purchasing powers of the country. ∙14,000,00 201000.00 16,765.67 23,950.98
From these accounts it will be seen that the net result of the Company's working shows a crodit bal- ance of $192,794.88. This bas enabled the directors to pay to the shareholders & dividend of 5 per cent. In July last, absorbing $30,714.29, and after providing for general expenses, &c., and carrying $41,543.87 to depreciation account, there is a balance of $128,262.41. This available balance the directors recommend should be disposed of in the following manner :- By payment of the directors and Tls.
auditor's fees
1,700.00
By paying a dividend of 10 per
cent.
By carrying to reserve fund By equalization of dividends
By carrying forward to 1895
$
0,
REVISION OF THE TREATIES.
Corp. Lynch, R.E...... 31 Sapper Lawson, R.E... Petty Officer Bishop.. Sap. Thompson. R.H Mjr. Wrottesley, R.E. 28 27
Mr. W. M. Deas. Lieut. Hoey, E.B...
Capt. Palmer, O.S.D...
Major Moore, A.P.D... Mr. W. Stewart.. Mr. W. McDonald
was
5......61
26
29
55
4......59
30
25
55
3. .58
51
4... .58
6.. .57
28
47
10 .57
26
nil. .55
22
4......53
28
8.
.53
26
6
21
8......51
CRICKET.
THE CLUB. THE NAVY, This, the return match between the Club ́and the Navy, was decided upon the Cricket Ground on Saturday last and after a game interesting in itself and rendered additionally interesting by the fact that several of the players were new to the colony, so far as ericket is concerned, re- sulted in a victory for the Club by a majority of 63 runs. At one time it appeared as if the issue might be otherwise, or at any rate the margin in the club's favour would be much narrower. the telegraph board showing 3 naval wickets down for 90 runs, with two batsmen apparenty will set. At this period, however, Darby *· imagined a mischievous device.” and assuming that air of devilish canaing for which he is now famous, sent down a 'tioer to Garde, who jumped out a bit, missed it, and was bowled. From this stage of the game the. resistance of the batting side was of a rather feeble description, Smyth, who was in a very long time for 14 runs, being the only batsman who played with any confidence; and the whole: side
eventually disposed of for 122 ruus, It is rather curious to note that ont of the 307 rans put together in the two innings, 197 were compiled by four batsmen, leaving 110 runs for the remaining sixteen wickets, or a trifle under 7 rnus a piece. Garde played an excellent innings for the Navy, hitting with a little more freedom than is usual with him, and giving, so far as we saw, no chance. Maitland, too, was quite in his old form for the Club, and with the assistance of a little-bit of the family "joss" knocked up the substantial contribution of 85 not out-a score which was invaluable to his side. Upon the whole the batting may be looked upon as a little disap pointing, as rather more then five hours' cricket only produced a trifle over 350 runs---about seventy runs an hour-which is a very poɔr record upon a fast and perfectly true wicket and upon the Hongkong ground with its narrow
had a good analysis, may take the credit for this so far as the Navy goes; whilst Watson, Leach, and Darby were chiefly responsible on the side of the Club. Darby bowled 11 maidens out of 15 overs and took 3 wickets for 6 runs-s very noticeable performance.
A report of this nature can scarcely be con- Tls. 89,783.69 $128,262.41||sidered complete without some referepos to a The payment of this dividend together with the political event which is likely to have so import-boundaries. Shelford and Blount, each of whom Interim dividend paid in July last will give the share-aut an effect upon the future of foreign com-
holders a return of 15 per cent.
Should the appropriations proposed by the directors be carried, the Company's reserves will stand as follows:-Reserve fund, Taels 50,000; depreciation account, Taels 96,948 72: equalization of dividends, Taels 14,000; balance carried forward, Taels 16,765.67; making in all Taels 177,714.39.
In accordance with clause 83 of the articles of As- sociation the directors retire; but being eligible
offer themselves for re-election.
The auditor Mr. J. M. Dickinson, again offers his Bervices for the year.
By order,
W. H. FORBES, Secretary, A Masonic Ball was given at Yokohama on the 2nd ult,
merce as the projected revision of the Treaties. Assuming that the course which the British Government, despite the remonstrances of its subjects, has · seen
fit to adopt will be followed by that of other countries.
be all foreign residents will subject to Japanese law within the course of the next five years. It does not come within the province of this Chamber to discuss the wisdom of a mea- sure which abandons the lives and property of Europeans unreservedly to Oriental rule, but there can be little difference of opinion as to the consequences of such an experiment in its re- lation solely to commercial matters. When it is borne in mind that questions relating to in.
I
This is the second victory of the Club over the Navy this season, but it is only fair to recognize that in the provions encounter the Navy was not very strongly repre- sented, whilst on the present occasion some of the players who should have proved most dan gerous are much out of practice after a long sojourn up north, and in fact hardly thawed. By the courtesy of Captain McQuhae and the officers of H.M.S. Centurion the band of
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