payment of the claim sought to be enforced lekidst va by the Russo-Chinese Bank, and böchined the decision of the Supreme Court here Eh but favour with odsts. - The plaintiffs have, However, appealed to the Privy Council at home, And it will probably take some months before we How the anal result. In the meantime, of Course, we include the case amongst the pending Staimu for 1904 and former years.
Expired risks are about 10 per cent. for than they were last year. Turning to balance sheet, the exchange 'and investment ruotiation vocount stands at 815,627.93 at oredit of Bihis ngátneé $5,290.48, or 89,637.45 more than in last year's 'socount, owing to some recovery th the value of certain of our investments.
Under the assets appears for the first time: Property Locount. land and buildings No. 26, The Band, $165,327.28. The opportunity 'böffered about a year ago, and your directors 'deemed it desirable to avail themselves thereof, to acquire the premises we have rented for the Tut eleven years with the land they stand on.
·Alterations for enlarging the office socommoda. tion were commenced soon after we obtained Hossession and will, we trust, soon be completed, As the feet of the building is old, though in very fair order, we intend writing down the Wilne voflakme from the presént year.
Your directors are glad to have secured so desirable a site for the offices of the Association and hope their parolase will meet with your approval, "And they have much pleasure in welcoming you to the first annual general meeting to be held under your own roof.
The percentage of élsius to premía is 37.25 per cent, against 38.72 per cent., while that of expenses to premis is 16.27 per cent. against 13:52 per cent. last year. Premia in course of
30th December, 1905, dollbation on $281,726:03, of which $219,000 has since been roosived.
WBS
Sterling exchange has been taken for purposes of valuation on the 30th December, 1905, at 2/10 7-16 against 2/9 1-8, and Mexican dollars at the unaltered rate of Tis. 73 per *@100,
Mortgages on Real Estate.-Your Directors are satisfied that these represent ample security for the sums advanced.
With regard to the prospects for 1906, it is too early to form an opinion, but although so far business is rather dull I am glad that We have reason to be satisfied,
PHILIPPINE COMPANY, LTD.
An extraordinary general meeting of share- holders of the Philippine Company, Limited, was held on the 25th April at the offices of the National Bank of China, Queen's Road. Mr. J. F. Wright presided, and there were present Mesars. P. Louriero, Yenug Pak- leang, G. C. Moxọn, and J. E. Joseph.
On the motion of the CHAIRMAN, seconded by Mr. Moxon, the following resolution, carried unanimously at a previous meeting, was confirmed as a special resolution:-That the firm of Messrs. E. S. Kadoorie & Co. be appointed General Managers of the Company in the place of Messrs. Benjamin, Kelly and Potts, and that Article 56 of the Company's Articles of Association be altered by substitut- ing the words "E. 8. Kadooris and Co,” for the words “Benjamin, Kelly and Potts.”
This was all the business.
THE SHANGHAI MUTUAL TELE- PHONE CO., LIMITED.
|
THE HONGKONG WEEKLY PRESS AND
Raise the reserve fund to Tla. 100,000
by placing to it
Carry forward to new account
+
[April 30, 1900.
JAPAN AFTER THE 'WAR.
10,000.00 2,352.66
CHANGED ATTITUDE OF Yonit According to the story bf a Total
Tis. 71,99.66 recently returned from tour of Directors :—Mr. F. Anderson has gone home, and industrial inspection abroad, and to fill the vacancy Mr. Ceoil Holliday has change of attitude is noticeable in
Mr A. W. Burkill has' | joined the Board.
of Japanese by manufacturëra in: rejoined, Mr. James Johnston, who occupied America. Formerly every cont his seat during his absence, having resigned.freedom was almost invarinály nooort As provided by the Articles of Association, factories to all Japanese who wishell to Messrs. Macleod and Brunst retire, but, being them. After the war, however, ¿wifle eligible, offer themselves for re-election.
Auditor The accounts have been audited attention and courtesy is given in other i mádufacturets show reluctatios to thròs by Mr. J. D. Thorburn, who offers himself for their factories to Japanime visitor. "IT'
dom given to Japanese before the wib, N. MACLEOD,
Tokyo Mainichi; Was 'evidence of the estimation in which Japanese capabilitie held by foreigners, and what the people demonstrated" in "the" : "War hay bred a feeling of apprehensión in other countries as to the possible competitión. Japanese in the field of manufacture, handi changed attitude.
re-election.
Shanghai, 10th April, 1906.
Chairman.
INTERESTING TO VOLUNTEERS. ́
EXTRAORDINARY PROSECUTION,
the Penang Court of Requests on April 17th A case of interest to Volunteers same before when Lieutenaut Alan Wilson, Adjutant, Penang Volunteer Corps, med Mr. Owen Harold Wait, described as a private of the Corps, for the recovery of the sum of $25, which it was alleged be was liable to pay under Regulation 18 made under Sections 9 and 12 of the Volunteer Ordinance No. VII. of 1888. It appeared that Wait joined in July, 1902. He was inefficient in 1905, and in May of that year he tendered his resignation, which was refused, objection being taken becaus› he agreed to put in "not less than two years" under the regula tions. The two years expired in July, 1904. Wait had appealed to the Governor, who upheld the Commandant's decision. The cause of the refusal to accept the resignation was that defendant gave no sufficient reason; and the
"not
less Adjutant's argument was that than two years" meant
than two satis years" unless the man could give a
In for resigning.
the factory course of his evidence in reply to his Honour, the Adjutant made the rather extraordinary statement that as long as he remains in Penang until he attains his 55th year and is in good health, he must remain in the Corps. Wait said, in his evidence, that when he became a member, he was distinctly given to understand that was only bound to serve for two years, and could serve longer if he should want to do He had not attended the drills because of sore feet. His Honour reserved judgment.
80.
44
more
"DESIGNING CORPSE FACTORIES."
Although there are natural climatic differen. oes between Hongkong and Singapore owing to difference of latitude, the former having a mneh wider range of temperature than the latter, the great common sanitary disability from which both towns suffer arises from identical causes. The first of these, says the Singapore Free Press, consists in all the evil conditions that are con noted in the expressive phrase "back to back building", including permanent exclusion of light and air, and permanent retention of a stag- ant and foul atmosphere, and its saturation with noisome organic emanations and products that must practically decompose in situ. Another of these consists in the overcrowding that with such a race as the lowest class of Chinese is the inevitable concomitant of the structural evils alluded to. These two causes aggravate each other by an eternal evil action and interaction, with the result that, even in spite of the not- orious Chinese constitutional tolerance of con. ditions destructive to health and life, our urban death-rate, chiefly amongst men of an age that is best able to resist causes producing mortality, runs up to a figure that is, comparatively, abnormally high. And it is only that Chinese imperviousness to insanitary influences that belps to keep down the death-rate to even that high figure. We quite admit that the Govern. ments of former days who sanctioned the fatal pattern of land sale allotments-scanty front Tis. age, inordinate mole depth, side by side and 1,500.00 | back to back were not aware that they were designing corpse factories. But they were, and 4,570.00 | short of Inconlating the population with disease virus, they really could not have done more to $3,568.00 secure that result.
"The report of the Directors for the year ending 31st March, 1906, for presentation to the shareholders at the seventh annual ordinary meeting yesterday, said :—
"The Directors have to report satisfactory "progress in the 'shape of now telephones con- nected with the Exchange, and in the conduct of the service generally.
The amount available for appropriation is Täels 71,990.66, which the Directors suggest should be distributed in the following manner :-
Directors”ind auditor's' fees
and general manager, 2,285 Secretary! 1-Telephones at Th/2=-4, ... tré... Pay four taals per share to share.
holders, equal to 8 per cent. ...
'
|
The recognition "by foreigners of the merits of Japanese is more to be welcomed. thuk the poor estimate in which they have hitherto been held, continues the Tokyo journal, but as an undue feeling of apprehension or suspicion towards the Japanese is likely to be in- ¡mical to friendly international 'relations, imy' error tending to this must be removed. The boycott of "American goods by Chinato, in retaliation for the unfair treatment to which the latter are subjected in Amerion,, ́bas surprised Americans The Chinese are quite within their rights in demanding of Amouries the adoption of the same principles which the latter wishes to be applied in respect 'tis 'Chitsu. It is satisfactory to "observe' that "this view is' being shared by the more intelligent section of the American public. But the impremion Whish appears to prevail among some Americans that Japanese are behind the Chistese boycott movement is as misleading us it would be mischievous in its effect. That the Chinbue, nu the result of the Japanese victory over the Russians, have become changed" in their attitude towards foreigners may be true, tat this should rather be regarded as 'w reaction of exercised over the Chinese. If Amterios (bad) the oppression which the latter have long treated Chinese fairly and reasonably the toycott movement would never have begun. glt is manifestly wrong therefore to charge, the Japanese with instigating Chinese in their attitude against Americans. Even if Americu articles are excluded from the Chinées märket. Japanese manufactures have not reached a singe as to supply the market,' and if there is any country to be dreaded in this directión it would · be Germany, though it can hardly be imagined for a moment that she has instigated the Chinese in their boycott agitation.
THE LATE MR. LITTLE.
The late Mr. Robert William Little, editch of the North-China Daily News, whose death we reported on Saturday, was the doyen of “Sournal. ism in Shanghai. He was born in London on August 2nd, 1839. Educated at Bt. Paul's School, London, and Oriel "College, Oxford, (where he took his B. A. degree), ke subne. quently studied for the bar. In 1882 he cumno ta China and engaged in mercantile pursuits, con- nected chiefly with tea and shipping. In 1886, he joined the North China. Tally News and succeeded the late Mr. J.W. MacLellan as editor. A man of great vörsuillity: and force of character, he did not" confine "his attention to newspaper work, but devoted
to public He was chairman *Shanghai great deal of his time and energy. affairs. Municipal Council for three years, from 1879 to 1881, and was Chairman of the Shangi was an enthusiastic volunteer frènian Branch of the Chins Association last year. Hə officer in the local volunteer corps, takli interest în both bodies, and encourag young friends to take up pabilo duži twice married. As a writer he w by a forceful and lucid, stylo was something of a poet. in Shanghai, his dowda will be
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