February 10, 1906.}
Z
BALANCE SHEET
For the year ending December 31st, 1905.
Capital account :~~
LIABILITIES,
149,987 shares at $10.00
13 shares at $2.50 each
$1,499,870.00
82.50
Insurance reserve fund
Fund for equalisation of dividends
Sundry creditors
Mortgages
Unclaimed dividends
Proft and loss account :-
Amount carried forward
from 1904
For the year 1905.
ASSETS.
Amount invested in property
$11,958.03 125,671 97
Amount invested en mortgage
Accounts receivable
Office furniture
Fire insurance premis unexpired
Cash in Hongkong and Shanghai Bank
and in hand
1,499,962.50 208,386.29 50,000,00 156,283.77 130,000.00
4,423.79
$
CHINA OVERLAND TRADE REPORT.
THE CANTON-HANKOW RAILWAY.
DISAFFECTION OF CANTONESE CONTINUES.
[From our Canton Correspondent.]
A WELL-Hated viceROY.
Ex-Viceroy Hin Ying-kwai, on behalf of the Kwangtung gentry, has addressed another telegram to Viceroy Yuan Shik-kai, denouncing Viceroy Shum as" pertinacious and tyrannical," treating the laws with contempt, and embroiling the people. The whole province is “babbling 137,650.00
with revolt, which encourages bandits and $2,188,606.35 robbers. A rising of ten thousand angry people is possible, and other provinces may be involved 0. in such a calamity. The foreign merchants 1,885,525.48
on the Shameen have already requested their 584,421.90 212,085.00 respective Government to send gunboats and 528.00 soldiers to protect them. The foreign ladies 172.12 have already fled from Canton for safety. All Cantou is shaking. Every day that Viceroy 3,873.81 Shum is allowed to remain, the situation will $2,186,606,35 grow worse." The message here went on to ak the powerful Viceroy to petition for the removal of Viceroy Shum.
PROFIT AND LOSS ACCOUNT,
Dec. 31, 1905.
Dr.
To fire insurance premia
To Crown rent....
To general charges..
To allowance to general managers to cover
office rent and salaries of secretary and clerks
To repairs.
To suditors' fees
To Balance
Jan. 1, 1905.
Or.
By balance oarried forward from 1904 Dec. 81.
By rents....
By interest
By commission..
By tranmer feen
4,818.01 4,186.53 2,275.04
8,000.00
4,335.69
250.00 137,630.00
e.
$161,495.27
MURDER OF A HONGKONG EX- GAOLER,
Mr. Edward Kelly, the Police Inspector who was murdered at Changsha, as announced in one of our recent telegrams, was formerly at Hongkong. The N-.C. Daily News has gleaned the following details:-There are few men in the less exalted stations of life whose death could be felt more widely as a personal loss than the late Mr. Edward Kelly, whose shocking murder at Changsha is reported by telegram by our correspondent there. Saving one fail- ing, he was one of the best of men, as he
was one of the kindest. No service that he
11
AN EXTRAORDINARY LETTER.
I
109
act. They are of the Kings and Nip Ching type of men; their bravery and experienes
is above- mine a thousandfold. When ther will learn that I died for the cause the people they will come forward- the 72 guilds to avenge me. Of course, I sai, not do anything more after my death, but hope the gentry and merchants will adhere to their determination to uphold the peoples interests and oppose taxation. Then my death will be a peaceful one. I am revealing this from the bottom of my heart, and hope the 72 guilds' members will carefully peruse same. -(Signed.) A soholar residing on the eastern side of the river."
February 6th.
FICEREGAL PRACEMAKER.
Viceroy Chou Fu las telegraphed to Ex- Viceroy Hui Ying-kwai, "Use utmost endear. ours to exhort the people not to resort to a strike or violence. Raise funds for the construction of the railway. I have already telegraphed to Viceroy Shum to respect the gentry and to treat them well, Promote anion amongst the people." J
.
A RUSH FOR SHARES.
A meeting was held on the 3rd inst, at the Chamber of Commerce, to receive applications for shares in the railway. About forty thousand people applied Over two million dollars worth were thus taken up; and on the following day another million dollars were subscribed. Even coolies were amongst the applicants. Altogether, the people subscribed $3,500,000.
THE PROMOTERS' ÅRGUMENTS. Before any applications were taken, the position was explained to the assembled crowd by the President, Wong Chin-ping. Other speakers were Lo Kwan-shek and Lo Shun-chu. Urgency was emphasized, and it was urged that the only way for the people to check the officials was to acquire themselves the control of the railway. Otherwise, they would have vexations taxation, and the officials might even then force them to subscribe! It would be China's chief and most profitable railway Foreigners had said that one dollar invested in it would return a profit of 5, 00! If the officials were allowed to make the line, they would take these profits. Kwangtung railways should be built with Kwangtung money, and the Kwangtung people should leap with joy at the chance to invest it so, even if they had to eat less in consequence !
METHODS,
One third of the required capital was expect- ed from Canton, one third from Cantonese abroad (Hongkong, San Francisco, &c.), and
The A-chow-sun-po, a local paper, publishes the following extraordinary anonymous letter addressed to its office and found in the Hoi- Tong-chi temple in Honam. The envelope bore a request that the letter be published: -"Your humble servant is a native of the Poon-yu
district. During my life I have striven to be noble-minded; my age $161,495.27 is 36. I hear at present that Lai Kwai- pui, the representative of the people, has beou unjustly arrested for trying to induce the 11,958.03 Government not to increase taxation.
cannot suppress my excited feelings and sympa. 77,705.39 61,660.72 thies with the people. My intention was to 9,893.13 proceed to the Viceroy's yamen to protest and 278.00 if not successful to sacrifice my life. After a second consideration I same to ask myself, what means must I adopt to gain my ends? I have no power or influence and there is no
take oppo tanity I could
advantage of, I have cherished ideas in my bosom, but cannot carry them out. I have, therefore, decid- ed to jump into the Chu-Kung River and die, so that the public may know that there are eminent scholars in Kwangtung who are not afraid of death, and Viceroy Shum may repent perhaps, and will change his policy, and not treat with contempt the gentry and merchants of the province. The Viceroy does not know how much pains the merchants and gentry took to bring about the redemption of the Canton-Hankow Railway. We asked to redeem it; it is only pro-
the remainder from the Cantonese scattered per that we should control its construction. If throughout Kwangtung and the other provinces. fands are required, they must be raised with the The shares are of five dollars each, half payable consent of all the merchants. Contrary to our at once and half next year. Signatures were could render to anyone was a trouble to
expectations, the Viceroy desires to make use accepted, however, with promises to pay, and him, and he was beloved by everyone on the of tyrannical measures to enforce taxation. John Doe was allowed to guarantee that Bubbling Well and adjacent roads, he having When the general public's feelings were excited Richard Roe, not present, would take so many been for some time in charge of the Carter he had the andacity to arrest a high official under shares. Such is the Chinese way. There Road Police Station. Mr. Kelly was a native wrongful accusation, without imperial permis- was to be a Trust formed, of Cantonese, led by of Guernsey, and was in early life a milor.sion, and has treated the laws with contempt. the guilds and charitable societies, who would He left his ship in Hongkong and came up He will not be quiet until he has brought also take up shares. The raising of three here to join the Municipal Police in 1884. calamity on the people. With regard to the Pre-million dollars for a like purpose in the Sun- He resigned in 1889, having obtained an
feet Chan Mong-tsang, Deputy Chu Cho-yam, ning district was an example. The Chamber appointment in the Hongkong Gaol, but the Poon Yn magistrate Chai Wai-tung, while of Commerce would be the head offle) of the returned here in 1891, and rejoined the they are cunning foxes they have tried to be- Company. When all was ready, they would force. He was promoted to be Inspector in have like tigers, trusting to the Viceroy's powers ask the Board of Revenue at Peking to register 1898, and resigned in 1900, being subsequently and tyrannising the people. They did not stop to the fact that the people of Kwangtung had done employed for some time at the Hongkow Wharf. consider whether the affair was a crooked or a
it all themselves. A Cauton-Hankow Railway He was a very good servant of the Council while straight one, nor did they take into consideration Bank would be opened at once. One share in the Police, and had been perfectly steady the peoples' feelings. They took this opportunity would give anybody a voice at the meetings. and reliable since be obtained his appointment to look for reward and promotion. Their Ten thousand shares would make a man an at Changsha, where his less will be keenly minds must be base and their hearts corrupted Assistant Director; with double that amount, felt, as it is here. At smoking concerts he and vile, and nothing can be worse than these he would be a full Director. Was a very welcome guest, for he sang people. Still more contemptible is Win Tsung- good song, and was brimful of geniality and yao, who is cold-blooded and has lost all con- good-heartedness. He was about 53 years of science. He has been enticing people to run age and was contemplating trip home at in the tiger's den so that they may be devoured an early date It is a sad ending to his life He has been bullying his brothers of his own that he should lose it at the hands of two
province. These five people will cause all Cantonese people who have any blood in them to see their hair, stand on their heads on hearing what has been done by them. I am only a scholar and my death will not much improve matters, but I have five friends who regard money as a thing of no importance, but they and their numerous soquaintances are willing to morifice their lives and are prepared to do the honourable
Levantine scoundrels, who, we trust, have been laid by the heels. There are too many of these conscienceless bandite roaming about the interior, plundering the Chinese, and severe measures will have to be adopted with them, for they are a constant menace to the good relations that should always, and gener rally do exist between foreigners and Chinese
in the provinces.
THE MEETING,
These things were said in three different parts of the large hall at once, and all the people oried with one voice that the merchants, and not the officials, should make the line. Whereupon the promoters said, "Now sub- scribe with joy.”
There were two books. One was for personal shares, and the other was one in which the signatory took the responsibility of placing so many shares. Wong Chui-ping signed to take up 20,000 shares. Lo Kyan-shik took 4,000 for himself and undertook to place 16,000. The Sheung Po prees of Hongkong undertook to place 20,000 shares. The mit merchants guild
L
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