180
8.
0.
To amount paid on account of 16new houses for European foremen
26,965.95
To amount paid on account of
new iron store
42,979.00
To amount paid on account of cutting away hill at head of No. 1 Dook
1,783.44
To amount paid on account of fitting pumps, &c., No. 2 Dock
5,729.52
To amount paid on account of No. 8 Dock. Cost of one new Worthington steam pump and fitting same
3,109.69
To amount paid on account of
new paint store
3,466.48
To amount paid on account of boiler shop and ship-build- ing yard improvements
6,706.16
To amount paid on account of
new fitting shop
27,875.91
To amount paid on account of new blacksmiths' shop
5,167.73
To amount paid on account of
new forgé
22,012.83
To amount paid on construct-
ing new lavatories in yard for Europeans
To cost of one new 10 ton steam crane for new iron store
655.48
10,160.00
To cost of new machines for
boiler shop.
7,580.00
To cost of new machines for
engine shop
17,629.00
To cost of new machines for
new saw mill
1,095.00
To cost of now machines for
blacksmiths' shop.
11,890.00
To cost of new machines for
new forge
27,800.00
Cosmopolitan.
To value of Cosmopolitan
Dock, as per last statement 350,021.91 Less amount since written off
To amount paid for extension to fitting shop, sea wall and reclamation, new go- downs, work shops, and new slipway
To cost of new machines for
fitting shop
Tag, launches, and lighters.
50,021.91
300,000.00
2,847.22
9,085.52
To value of Fame as per last account
To value of 14 steam launches,
steam lighter and boats,
as per last account
Add, cost of 3 new launches and one cargo boat, less, one launch sold
30,000.00
20,074.00
1,523,978.17
THE HONGKONG WEEKLY PRESS `AND
CONSULAR REPORT.
YOKOHAMA.
[August 18, 1900.
It
the increase in 1898 consequent upon the large quantities of imports before the end of the year to avoid the new tariff, this falling-off is any. Mr. H. A. C. Bonar's report on the trade of thing but satisfactory," says Mr. Bonar. Yokohama states that the trade of the port for is not confined alone to British shipping, which 1899 amounted to £18,902,897, as against shows a falling-off of 127 vessols and 221650 £19,531,254 in 1898. "This slight decrease,
tons, or some 23 per cent. of the tonnage, for however," he says, "does not on the face of it 1898. for German shipping also shows a de- indicate a decrease of some 30 per cent. on the crease of 28 vessels and 34,699 tons, or 19 per imports of 1898, and of 12 per cent, on those of cent.; Hawaiian, 3 ships of 14,196 tons (ac- 1897. Exports, on the other hand, show an in-counted for by the transfer of steamers to the American flag); and French, Russian, and Nor- crease of 34 per cent, over last year, and a sub-
The stantial increase over 1897. In order to make wegian shipping a proportionate decrease. a real comparison in the matter of the imports; ships and 32.374 tons, to be accounted for by American flag alone shows an increase of 14 it is necessary to make an allowance of,
say,
15 per cent. to be deducted from the customis re-
the more regular running of the Trans-Pacific turus for 1899, which, since the date of the im- steamers on the cessation of the Spanish- meri- position of the new tariff, return the values of can War. Exclusive of Japanese shipping on- imports as including freight, insurance and tered at Yokohama, British shipping constitutes commission, so that in reality a decrease in im-652 per cent. of the total foreign tonnage, ports of nearly £5,000,000 has taken place in being a decrease of 4.5 per cent. on 1898. 1899. No importance need, however, be attached to that fact, in view of the special influence which the enforcement of the new tariff had on
the imports of 1898, which were quite in excess of their normal amount, and of the satisfaction generally felt by importers with the results of the import trade of the year under review."
The trade in imports, continues Mr. Bonar, was generally satisfactory to all concerned, and the prospects continue good. The demand, however, for metals particularly, has slackened off since the year closed, owing principally to full supplies in sight and very high costs to replace. The value of cotton yarns is some £235,000 less than in 1898. "Nevertheless, the condition of that trade has improved in some respects during the year. A rising market, with better clearances, has given a fair profit to both importers and dealers. Yarns made from Egyptian cotton. both plain and gassed, still hold their own with consumers here, and a good average trade has been done in them. Yarns made from American fibre have also received some benefit from various exceptional causes, but the outlook for the future predicts that Japan will depend on her own mills for this class of yarns, and that the consumption of Lancashire spinning will further decrease." Woollen cloth fell about 5 per cent. from 1898. but a much larger proportion of better cloth was imported. With regard to sugar, Mr. Bonar says that the closing months of 1898 saw a rush of sugar in from all quarters to escape the increased tariff which came into operation on January. 1, 1899. This tended to make the imports of 1898 abnormally large, and the 100,000.00 year 1899 commenced with heavy stocks 229,381.31 of all kinds of sugars. more especially of 1,716.528.01 Continental beets, and the produce of the Hong- $4,046.897.23 kong refineries. Until these could be worked
To Humphreys Estate and Finance Com- pany 6 per cent. mortgage debentures To sundry debtors To cost of material on hand
LIABILITIES.
By shareholders for 12,500 shares of $125
311,932.7 4
15,000.00
50,074,00
0.
30th June, 1900.
$
each fully paid up
By reserve fund
1,562,500.00 900,000.00
By Admiralty loan
Less re-payments
£20,000 0 0 10,383 7 8
£9,616,12.4 @ 1/113-18ths.
By sundry creditors
99,535.87 516,463.70
By balance of profit brought
forward from last account 340,369.36 598,028.30
By profit
REVENUE ACCOUNT.
30th June, 1900.
To intorest
To Crown rent
To fire insurance
T
938,397.66
*
Japanese shipping has again made a large trade, and has increased by fifty-nine vessels and 158,424 tons. Inclusive of Japanese ship. ping. British shipping represents 447 per cent.; Japanese 32 1. American 75, German 9, French 35, and Swedish and Norwegian 1 per cent."
In currency matters the most important fea- ture of the year was the large exodus of gold from Japan to British India and America. This Mr. Bonar explains as follows :--
When silk was much in demand and prices
high, and a rise in exchange very generally and reasonably expected, the Specie Bank began to
underbid the other banks for bills, with the result that with an unprecedented demand for money to pay for a large silk-crop at high prices, rates fell to a point which made gold shipments profitable. On September 8 the quotation for T.T. on London fell to 28. Ofd., which, exclusive of interest, lays the rupee down at a fraction under 1s. 4d. clear, or taking the rupee T.T. rate at Is. 41/8d. would give the equivalent of a demand remittance from here of about 2s. Oğd"
The outlook of the present year, the report is favour-
very continues, so far as one can guess, able. Business generally has been healthy, un- usually high prices have been attained for silk, and stocks of imports have been worked down low. If Japan can keep clear of foreign com- plication, her future would appear to be a bright one, and with the enormous trade of China at her doors her trade must continue to increase."
The new treaties with Japan came into force from August 4 last, and are not in themselves likely to have any special effect on the foreign trade of the country. The Japanese expecta tion that a large influx of foreign capital would result has proved quite fallacious, and the off imports for a time were light, and through- difficulties experienced in regard to the regis out the year have been on a moderate scale, yet tration and transfer of land in the former for- trade has in no way diminished, for consump-eign settlements are discouraging, even to tion has continued to grow, and has taken off those who have hitherto invested in Japan. all accumulated supplies and subsequent arriv- als." Kerosene oil fell off also owing to accumu- lated stocks.
Turning to exports, Mr. Bonar says: "It is true that the exports of 1899 show a satis- factory increase when compared with 1898, but this is due to two accidental causes, the large advance in prices, and the consequent rushing forward of all available exports, for which the $4,046,897.23 next year will have to suffer. Taking these facts into consideration, it would appear pro- bable that Japan has, for the time being, reach- $ C. ed the limit of her exportable products, and as 7,940,39
commerce is, in its first principles, a system of 3,320.05
harter, the nation which has no exports will not 2,650.16
obtain imports, unless it has something else to 33,230.26 offer as an equivalent." Raw silk showed an 9,437.08 increase of 12 per cent. in quantity exported 2,404.07
and of 15 per cent. in total value. The silk 370,50
piece-good trade was unprecedented, both in 500.00 quantity exported and in price. Prices advanc. 598,028.30 ed over 50 per cent. in the first eleven months, but dropped again 10 per cent. in Decembər. $657,580.81
The tea export trade.suffers from the poor $ o. quality and manipulation of the tea, and the out- look for the Japanese leaf is consequently bad. 652,849.84 The export of copper proved very profitable to
4,100.29 mine-owners.
To office expenses, salaries, stationery and
rent of head office
To drawing office expenses and salaries To telegrams
To legal expenses
To subscription to Indian Famine Relief
Fund
To proft
1st Jan. to 30th June, 1900.
By net earnings of the Company's three
establishments
By towage, net earnings.
By scrip fees
By bonus on premia, &c.
1,063.68
67.00 The foreign shipping entering the port is re- presented by 725 vessels of 1,615,754 tons, a $657,580.81 large falling off from 1898 with 829 vessels of 1,715,951 tons. 'Making every allowance for
€6
HONGKONG VOLUNTEER CORPS.
"A" MACHINE GUN COMPANY, The August shoot took place on Kowloon range on the 13th inst., resulting in a win for Sergt. Lammert of the No. 1 Cup (2nd time) and for Gunner Wodehouse, of the No. 2 Cap. The There were twenty-three competitors. following are the best scores:-
200 500 600 Hop. 27 33 30 So. 90 24 28 22 9
TI.
83
26 23 23 10
82
25 29 27 80.
81.
E8888RFER
Sergt. Lammert... Gunr. Wodehouse Bomb. Plummer... Gunr. H. S. Holmes Capt. Sanders
25 26 14 14 79 Gunr. R., Edwards 12 18 26 21 77 Gunr. P. A. Cox 22 25 23 7 77 Bomb. W. King 21 21 21 10 73
→
KOWLOON DETACHMENT (FIELD BATTERY.)
The sixth and final competition for the Gillies Cup took place on the Association Range, when Gnr. Lapsley won the Cup outright with the two best aggregates out of the series of six competitions, Gar. Stewart not being a competitor. The following were the bost aggregates
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