456
THE HONGKONG WEEKLY PRESS AND
THE BUILDING OF THE NEW
TRAMWAYS.
[June 29, 1903,
Stockbrokers' Association of Hongkong,
Hongkong, 22nd April, 1903. DEAR SIE-In reply to your communication of yesterday's date, I beg to inform you that a meeting of the Standing Committee of this Association will be called at an early date to consider your proposition re brokerages.
lay them before my. Committee for discussion.
Yours faithfully,
E. S. JOSEPH, Acig. Hon. Secretary.
The SECRETARY,
Hongkong General Chamber of Commerce.
alarmist pictures were drawn of shipload aftor shipload of pig-tailed Crienta's being dumped down promiscuous); at every port on the 8a-hoard to overrun the country and drive
Though the inclement weather that has white labour out. Sach pictures have been prevailed during the past few days does not conjured up by imaginative writers in South conduce to rapidity of progress in the laying of Africa and in England Chinese in countless the Colony's tram-lines in preparation for the thousands would swamp te labour market of advent of the e'ectric car, for the rain puts a
In the meantime, to facilitate the matter. I the Band, if once the thin edge was inserted, stop to labour, the work is making great strides, shall feel obliged if you will favour me with they said. But the Rand miso-owners have and already sections of the lines have been
any further reas as of your Chamber for desir need coloured labont and they want it god and Barracks to Wellington Barrac 8, and another no thought of introducing any wedge. They completed- one, for instance, from Murraying this change and the advantages it considers are to be derived therefrom, in order that. I may plenty of it. It may be that the native su ply at Happy Valley. The rails are laid in a will not suffice. Naturally their eyes turn to
concrete bed, the durability of which may surve Chine. Of course it has to be understood that
us an clject lesson to the Pub'ic Works Depart- the laws of South Africa not permit of the ment that there really are Bome kinds of wholesale importation of women. But in the
material which, when used in the construction event of the mines requiring them, the fraus-
of roads, do not suffer from the destructive vaal Mines are quite prepared to action of the narrow-rimmed ricksha-wheel and consider the admission of Chinese; and the the heavy rains of a tropical summer, The well-considered schmeich they should elines have a gauge of three feet six inches and ab'e to lay before the Legislature would doubtlessly commend self saf nud sound. Under it the linese immigrants would be bound under indentures for periods of three or five years to work in the mines, and that for certain c'assos of work to be clearly specified. They would be shipped from China, serve their term, and at the end of it be shipped back to China. While South Africa they would be well treated, well housed and well paid, and each one could count upon returning to his native country with 6 of 80 in his belt. Their labour would lead to still enter development of the gold-fields, interfering with no other labour and necessitating the employment of larger numbers of white foreman ad thy would work in mines set apart for them away from the other coloured workers. This least is the view of the promoters of the scheme.
As
It is remarkable that in this movement oue of the chief factors to le taken into consideration by the owners is the question whether Chinese coald te prevailed upon to go over in the large numbers which may possibly be required; but should the importation of the Yellow Race ever be authorised it is expec ed that the treatment meted out to the
first-comers and the advantageous conditions under which they would work and live would soon came to be biui ed abroad in China and that these would impelle Chinese miners to advise their nationals to follow their footsteps and participate in the good things they had found in the Rand
HEALTH OF HONGKONG.
During the week ended 20th June there were 52 cases of plague (2 Eulõpeans, 1 Indiau, 1 Portuguese, 48 Chinese) and 47 deaths (1 Judian, Portuguese 45 Chinese). Two Chinese died of chol ra during the same period. An analysis of the year's figures shows that from 1st January till the 27th inst. th re were 1274 cases of plague distributed as follows 35 Europeans, 1,167 Chinese, and 72 other Asiati 8. The deaths pumbered 1,121. namely 4 Europeaus, 1,084 Chinese, and 33 other Asiaties.
Daring the week endel 27th June there were 54 Cases of plague (3 Europe. ns, 12 Portuguese from the P. & 0. 96. Ballaarat, I Parsse, 1 Indian, 35 Chinese), and 32 deaths (In-ian,(31 Chinese). The European cases came from the Central Police Station, from 14, Morrison Hill Road, and from H.M S. Espiegle-the patient being James Collius, an A.B. The epidemic is How distinctly on the wane, and when the twelve imported cases from the Ballaarat and one from the Anping Maru are deducted, the total for the period under review really stands at 41 That for the year is 1,276.
At the Interport Regatta at Kobe on the 6th inst., Yokohama won the Fours (Kobe being fouled by a fishing-boat) Pairs, and Double Scalls, Kobe only managed to win the s iling
race,
The Ceylon Volunteer Forces won their shooting match against the Singapore Volunteer Corps on the 13th inst by 735 points to 712. Last year Singapors won | In this year's match the Ceylon average was over 90 per man and Singapore average 74 Bisley conditions were in force.
|
when finished will run from east to w. st of the
city mostly by way of the water-frout. This will be the main line; a branch line will ran up from Praya East to the Happy Valley. The curs, of which 26 will constitute the first complement-10 for Europ: aus
and 16 for Chites-will have no accommodation on top, although the plan of having seats on the toot bas never met with objection at home and is one that might have been adopted with advantage in the cas of cars dedined for use in a hot climate such as that of Hongkong They will be appropri tely fitted up inside and have plenty of ventilation; san-bliuds, of course. will be provided. The generating station, car- sheds, and offices will be situated at Bowington, Praya East, where operations on the site have already commonced. The machinery will be of modern type, and be nider the care of qualified European ongius s. The work geuer..lly is proceeding satisfactorily, and it is anticipated that in less than a year's time the whole of the line will be in working order. The sectio running to Happy Valley will, it is hoped, by ready in time for the Ruces next year.
HONGKONG GENERAL CHAMBER OF COMMERCE.
At the monthly meeting of the Geueral Committee of the Hongkong General Chamber of Commerce held on Tuesday, 9th June, 1903. at 3.45 p.m. Present: Mr. E. A. Howett (Chairman), Mr. D. R. Law (Vice-Chairman), Messrs. C. Michelin, N. A. Siebs, J R. M. Smith, H. E. Tomkins, R. C. Wilcox, A. G. Wood, Hon. R. chewan (ex officio), and A. R. Lowe Secretary).
MINUTES.
The minutes of the monthly meeting of 15th April last and of the special meetings of 7th and 19 h ultimo were read and passed.
B.OKERAGES ON STOCKS AND SHARES. The following correspondence was read:-
General Chamber of Commerce, Hongkong. 21st April, 19 3. Si--I am directed to inform you that, at the monthly meeting of the General Committes of this Chamber, held on Wednesday last, a letter was read calling the Chamber's att ntion to the system followed by the sharebrokers of this Colony of charging brokerage to both buyer and seller, urging that such system pre. cluded the broker from acting impartially for both parties, and suggesting that the brokerage should in future be limited to the seller,
Hongkong General Chamber of Commerce,
Hongkong, 29th April, 1908. SIR-I am in receipt of your letter of the 22nd instant informing this Chamber that a meeting of the Standing Committee of your Association will be called at an early date (o the subject of consider the resolution on brokerage on shares transactious forwarded in my, communication of the 21st instant and asking for any further reasons the Chamber may care to put forward in support of their contention.
In reply I am directed to inform you that my Committee consider that progres in this matter will be furthered if your Committee will fi at state the reasons for and against the proposition already before you. I have the bonour to be, Sir, your obedient servant,
A. R. LOWE,
Secretary, HON. SECRETARY,
Stockbrokers Association of Hongkong.
Stockbrokers' Association of Hongkong,
Hongkong, 6th May, 19.3. SIR, Yours of the 29th April to hand. I now beg to inform you that the resolution of your Chamber on the subject of brokerage was laid Lefore the Stan ing Committee, and was thoroughly cisoussed in all its aspects.
The result of the disenssion was that the Committee w re noanimous in arriving at the conclusion that the change you propose would be detrimental to all parties concerned, the argument brought forward against the proposi- tion being that the danger of partiality, on which you base your coutention, woull only be accentuated by the change, inasmuch as on the lives you suggest a broker might consider his duty was due more to the party from whom
he
received his commission, namely. the seller, than to the party, the buyer, f.om whom he received so brokerage, whereas at present it is the imperative duty of a be ker receiving his commision from both sides to sɔe, to the best of his ability, that both buyer and seller are treated with the greatest impartiality and in accordance with the ruling rates on the market.
There are other teasons against the change, bat as you requested my Committee to confine themse v s to the reason given in your letter, they were not brought forward.—I am, Sir, your obedient servant,
The SECRETARY,
E. S. JOSEPH, Act. Hon. Secretary.
Hongkong General Chamber of Cotamergo After some discussion it was decided to place on record the dis atisfaction of the Committee at the attitude taken up by the Stockbrokers' Association.
The question was thoroughly discuss d and the Committee being strongly of opinion that brokerage should be borne by the seller only,
STORM-WARNINGS. una imously passed the following resolution: Read letter from the Colonial Secretary dated "That this Chamber deprecates the eastom of 21st May, 1903. stock and share-brokers taking commission
21st May, 1933. from both the buyer and the seller of shares und SIR,-I am directed to acknowledge the ti.at the Stockbrokers' Association of Hong-receipt of your letter of the 18th instant and to kong be asked to arrange for brokerage to inform you that in deference to the wishes of charged to the seller only.”
I am to add that the Committee expressed no desire to involve the sbarebrokers in any loss on income as a result of the suggested change, which could be easily rectified by an alteration in the present scale of brokerage authorised by your Association, and they trust that your members will agree to carry into effect the above proposal.-I have, etc.,
A R. LowE, Secretary, HON SECRETARY,
Stockbrokers' Association of Hongkong,
the Chamber, His Excellency the Governor has decided to intr duce the flag system, as a Shanghai, for the information of shipmasters but without displacing the cone system at present in use, which in His Excellency's opinion as in that of his expert advisers is a better and safer system and is familiar to the local junk popula- tion.-1 have the honour to be, Sir, your obedient servant,
F. H. MAY, Colonial Secretary.
The SECRETARY, Chamber of Commerce.
No comments yet.
Private notes are available after approval.