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THE HONGKONG WERKLY PRESS AND
[Januárý 18, 1600.
munity instinot which makes of locusts a great | of them- few ten osuta pièces, and they | CHINA "PROVIDENT LOAN AND people though they have no king: " he himself | left. On the 4th they again appeared at the
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THE WANCHAI WAREHOUSE AND STORAGE CO., LTD.
The following is the report for presentation to the shareholders at the ninth ordinary un- nual meeting, to be held at the offices of the general managers, at 3 p.m. on Monday, 15th January:-
expresses the opinion that China “is behaving
yameu to ask for more. and their request very well under the infliction of enforced civili- not being complied with several hundred of sation, and if allowed the opportunity will do them gathered together and at night stormed velop ander her own rule as Japan has done." the yamen. The soldiers of the Shon Tas re- Let us hope it may be so. As to the position of giment, under the command of General Wong America in connection with this question, be Kum-fook, and the soldiers of the Fuk Tes re- says "it is not only the policy but the dutygiment (one of the Block Flag chief's regi- of the United States to come squarely to ments) were sent for to suppress the riot. In the front as one interested in the affairs of the melée that ensued several of the soldiers | China, and not afraid of responsibility." wore killed and wounded `and others ran away, He touches on the Chinese exclusion law in the Black Flags escaping over the roofs. The the States and appears to think it unnecessary, furniture in the Magistrate's court room was "That the Chinese if freely admitted will possess entirely smashed. In order to pacify the and denaturalise Americs," he says, we need clamorous crowd the Magistrate gave each no more fear than that the African, or Irish, man $1,80, upon which they left. or Italian, or Mexican, if freely admitted, will possess and denaturalise America." He points oaf, too, the inconsistency between the fear entertained of the Chinese and the readiness with which political privileges have been granted to the negro.
"Bince," he says. "California first raised the ory, The Chinese must go!' the Government finally endorsing it, the people's politicians have given the ballot to four millions of low, ignorant, emancipate slaves. What material for citizenship for the world's foremost republic! How proud we should be of our birthright; how admirable to be the peer of this brutal and barefooted black man, to walk beside him to the polls, there to discharge the most solemn obligation imposed upon an intelligent freeman.' Yet Mr. Bancroft comes of abolitionist stock and has himself always been the friend of the negro.
To be kind to them." he says,
to give them the protection of our laws, to educate and elevate them if you will, was our duty, bat to make them our law-makers, our masters, was our disgrace." These, too, are the principles be would apply to the government of the Philippines. Speaking of the aboriginal inhabitants of tropical islands in general, he says :-" As it is the destiny of all savage peoples to give place to civilization, so these half or wholly savage islanders must be content to have their affairs managed by these stronger and more intelligent than they." Hongkong, 8th January, 1900. Of the Philippines in partionlar he says ——— "So long as a people are unfit for solf-Gov. ernment, like the Filipinos for example, it is uo kindness to give it to them. What they want is protection and guidance while being taught how to live, and work, and deal with one another."
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The general managers beg to submit to the shareholders their rep-rt on the working of the Company, with a statement of accounts, for the year ended 31st of December, 1899.
The balance
In the same way as in the previous year an interim dividend at the rate of 81.50 per share was paid on the 8th July out of the half-yearly rental from the Hongkong and Kowloon Wharf and Godown Company, Limited. now at credit of profit and loss sccount, includ. ing the balance of $387.18 from last year, amounts to $4,330,32. After providing for the final dividend at the above rate, absorbing $3,900.00, there remains a small surplus of $430.32, which it is recommended to carry for ward to new profit and loss account.
AUDITOR.
The scounts have been audited by Mr. F. Henderson, whose re-election is recommended.
MEYER AND CO.,
General Managers.
0.
97,500.00
Liabilities and Assure, 81st Decembea, 1999.
• To capital account: 2,500 shares at $100, of
which $37.50 paid up To mortgages of To mortgages of
To dividend account
$140,000.00 20,000.00 ------------ 160,000.00
To balance of profit and loss account
By Hongkong and Shanghai Banking (yor.
poration By property account
Mr. Bancroft's book is well worth reading | To reserve fund... and should find a place in the library of every. one interested in studying the development of the Far East. It is bound in a handsome cover, with a design by Miss Maitland Armstrong, tamped in gold on sea green, representing ocean waves and sea-shells, with the Ancient sMariner telling to the Wedding Guest the story of his adventures in the Pacific, and how he had killed the albatross, the bird that made the wind to blow, thus bringing upon himself and others dire misfortune. On a paper wrapper protecting the cover the following By net rent for premises of the Hongkong and Kowloon Wharf and Godown Company for statement of the purpose of the book is printed: -"Here for the first time are presented the
1st half your, 1899 conntries around the Pacific Ocean as an en- tirety, resources and industries, history and romance, together with the events leading te the present active development.”
RIOTOUS SOLDIERS AT CANTON.
[FROM A COBRES('ONDENг.]
Canton, 6th January. When the Viceroy Tan arrived at Canton to take up the post of Viceroy, which he is now relinquishing, he brought with him some re- giments of Hanan soldiers. During the years that have since elapsed some of the men have resigned or been dismissed while others have de- serted, and a large number of these have become destitute. As the Viceroy is now leaving he gave-instractions to the Namhoi Magistrate to arrange the passage home of these men. This was done and on the 2nd inst, they were ordered to embark. On the 3rd, however, the cold weather suggested to them that going North they would require warm clothing. Accord ingly they marobed straight into the Namho Magistrate's yamen to ask for money to buy wadded clothes. The Magistrate gavo sánh"
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MORTGAGE CO., LIMITED.
The following is the report for presentation to the shareholders at the third ordinary general meeting to be held at the office of the general managers on Saturday, 18th January, at 12 o'clock, noon :---
Annexed we have the pleasure to lay before
accounts made
пр shareholders a statement of as to 31st December, 1899.
The gross earnings for the past year amount to $62,043.82 and after deducting all expenses, remuneration to General Managers, Consulting Committee's and Auditors' fee, there remains a balance of $46,225.23, which it is recommended be appropriated as follows, viz:— To place to reserve fund
To pay a dividend of 8 per cent To carry forward to the credit of next
year's account
$6,000.00
40,000.00
225.23 As will be seen from the account, very little the outside capital has been so far obtained by th issue of debentures, and a gross earning of $62,043.82, over 12 per cent, on the capital alone, is very satisfactory.
In accordance with the articles of association, Messrs. J. H. Lewis, J. 8. Van Buren. Chow Hing Kee, and Chau Tung Shang retire, but offer themselves for re-election.
The accounts have been andited by Messrs, F. Henderson and W. H. Potts, who are re- commended for re-election.
SHEWAN TOMes & Co., General Managers. Hongkong, 4th January, 1900.
Profit and Loss.
Charges Allowance for office expenses
Consulting Committee's fon
Auditors' fee
Depreciation for 1899
Balance
Balance
葡
$173.06
5,000.00
4.000.00
200.00
110.50
46,225.23
$55,788.79
$
788 87
7,073.40
54,970.42
$65,708,79
Interest on mortgages and loans. $62,043.82 Less Interest paid, commissions,
doy do........
BALANCE SHEET. LIABILITIES.
Capital 50,000 shares at $29 (3:0 puid up). Reserve fund
389.50
2,500.00
........
4,830.32
8
per cent. debentures
Bundry oreditors
#264,712.82
Due to General Managers
Hongkong and Shanghai Banking Corporation
600,000.00
-
4,000.00
8,500.00
7,884.50
463.50
7, 97.88
6.
Balanos of proât and lost
46,225.23
4,712.82 260,000.00
8254,712.52
3574,816.11
ANETS.
Loana-Provident loans
Loans on mortgage, gooda,
shares, ko.....ESLEKTRO SANTAN
$481,853.04
87,295.43
669,14847.
1,110.50 110.50
1,000.00
2,360,34
1,807:30
*574,816.11
Profit and Lom Accouxr FOR YER YEAR EXDED Sier Deɑnxnxx, 1899. By balance of 1898
16
By net rent for premises of the Hoogkong and Kowloon Wharf and Godown Company for 'nd half your, 1399
By transfer fees of 1899 ...
By interest account, 1899
To interim dividend paid for 1st half year,
1899
To commission to General Managers for 1899 To net profit.
387.18 Furniture
Lam depreciation
4,150.09 | Sundry Debtors Cash
4,150.00 16.00 27.14
$6,734.32
- Nowa has been received at Shanghai by wire of the death at home of an old and most popu. lar resident of Shanghai, Mr. Edward W. Batt, who was about 65 years of age. He came out to Shanghai at the end of the fifties or beginnin 4,389,13| of the sixties as silk inspector to Mesura. Jar-
dine, Matheson and Co., and in 1370 bossm C $8,720.32
partner in George Barnet and Co., afterwards Dyce and Co, going_home_some 20 years ( to join the London firm of Elias and Co. was a very prominent member of society ›höre in the sixties and seventies. He largely helped to lay out the present cricket ground, was for many years one of the pillars of the Bowing Club, and was a most valuable member of the old Philharmonic Society and the Amateur Dramatic Club. He was most heartily liked by everyone who knew him, and it is with vory deep regret that we announce his death. - His wife, to whom he was deeply attached, prede- cessed him. · They had no children.--Ni- Daily News.
In the Legislative Council on the 14th De- cember the Colonial Secretary stated in reply to the Hon. T. H. Whitehead that no exclusive privilege or monopoly for the dredging for and collection of shells used in the manufacture of lime had been granted in the waters of the New Territory. In the Daily Press of Satur. day the Lee Hing Company advertise that they "have been granted the monopoly of dredging sud collecting shells in and around Ping chan Island for the purpose of burning Hime,” Whore Has the truth?
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