+
Beptember 8,11906.]
Article XVI.-The Government subsidies prescribed in Articles XI. and XIV, shall be debited each year with interest at the rate of 6 per cent. per annum and made a liabilitay of the company against the Government, and when dividend payable on the total shares paid-up exceeds 10 per cent. per annum, the amount ex- ceeding the rate shall be paid for the redemption of the company's liabilities specified in the preceding Articles.
Article XVII.-Any surplus of money raised by the debentures specified in Article XIII. after using it for the ends specified, shall be deposited in the Deposit Bureau of the Govern-
ment.
Article XVIII.-The company shall obtain the approval of the Government of the estimates of share money to be paid each year, and of the debentures to be issued, setting forth their face value, the issue price, the rate of interest and the date of issue.
Article XIX. The company shall draw up regulations relating to the accounts
and management of the business and obtain approval of the Government thereof. Similar approval must be obtained to any alteration in the said regulations and the Articles of Association.
Article XX.-Government approval shall be obtained for projected works, estimates of expenditure, receipts and expenditure, and rate of dividend for each business period. Approval shall be similarly obtained for any alterations
necessary.
Article XXI.-The company shall report on the following matters as directed by the
Government :-
1.- he expenditure on works and receipts and expenditure as they stand at any time.
2.-Condition of business in general. Article XXII.-The company is not au- thorised, without obtaining approval of the Government, to dispose of important rights and property or to pledge them for security.
Article XXIII-When deemed necessary the
company
Government is authorised to order the to reduce the freight on goods under special circumstances.,
Article XXIV.-The Government is autho- rised, in case of need, to order the company to new provisions or alteration in existing works make in connection with the company's business,
Article XXV.-The company is under obliga. tion to place at the disposal of the Government its railway, land, and other property at any time, as directed by the Government.
Article XXVI. The provisions relating to the Government subsidy and guarantee specified in the instructions shall become binding with the approval of the Dist.
It should be understood, notes the Japan Chronicle, that these regulations are open to amendment. The clause (Art, IV. No. 4) denoted by an asterisk, for example, has been disapproved by the Promoting Committee, and the Govern ment has consented to the withdrawal of this olause.ļ
SOUTH MANCHURIA RAILWAY COMPANY.
CHINA OVERLAND TRADE REPORT.
SHANGHAI'S CHINESE
POPULATION.
Writing of the Chinese in Shanghai, the Shanghai Times says:-There are representa- tives here of every province, of every city almost
within the confines of th Middle Kingdom; and there are also Chinese here, indigenous to the Settlements, for whom no claim can be advanced for the possession of these qualities which go to make the good citizen. The natives of other provinces settled down here are often turbulent and intractable, notably those who bail from Kwangtung and Chekiang; indeed, it may safely be said that ninetenths of all the trouble that has ever taken place here is to be ascribed to these two elements of the native population, Cantonese and Ningpo-men. But it must by no means be understood that the Shanghai Chiness are always averse to evil courses. rioting, robbery and all the other forms of wickedness which the ill-disposed in all com- manities are prone to practice. If statistics on the subject were available, however, it is almost certain that the Shanghai-born and Chinese would be found to constitute a very
零件
Leared
moderate proportion of the wrongdoers who come under the notice of the authorities, which. to our mind constitutes a clear proof that the Shanghai Chinese are perfectly satisfied, gon. tent and prosperous under foreign Municipal government, and would be sory to see the doctrine of "China for the Chinese given effect to in a way that would result in the substitution of native for foreign control in the affairs of these Settlements. This state of mind, we consider affords one of the best gustan tee: we could have against the recurrence of out- breaks, on anything like a really dangerous scale, such as that of the 18th December last, And so long as recalcitrant officials, seditious news- papers and loud-mouthed, balf-taught preachers of socialism and the doctrine that the foreigner i an interloper, whom the Chinese would do well to get rid of, let the people of these Settle- ments alone, that guarantee for the security of foreign life and property within the Municipal area will continue.
WHAT JAPANESE ARE TAUGHT ABOUT ENGLAND.
English readers may be rather surprised to hear that the pamphlet published at Oxford last year which predicted the downfall of Eagland has not only been reproduced in Japan but if the translator's word is to be relied on, is about to be used as a class book in the Higher Primary Schools. The translator, a Mr. Tsubaki, seems to be of opinion that the account given of the state of England in that essay is in the main true to facts, and his alleged object in giving publicity to the work here is to save Japan from Eugland's impending fate. He says that the account given of the decay of all the finer moral denti- mente, of the love of luxury and esse, of the neglect of rural pursuits and the dislike of THE SHIPPING PROPOSALS.
a soa-faring life, and the like, apply to Japan The publication of the Articles of Association
even more than to England. The alleged of the South Manchuria Railway Company, proofs of England's decay are marshalled under which provides that the company should carry
no less than nine headings, which we give on a shipping business, has created alarm in below. It is affirmed: (1) That the flocking shipping circles. A Tokyo dispatch states that to the towns which has been taking place during the capital of the shipping business is fixed at the past few decades has affected health and ¥10,000,000, a sum large enough to conduct ons morals badly; (2) that the English as a nation of the leading steamship companies of the world. have lost their love of the sea (the proof given The South Manchuria Railway Company will of this is that in the English merchant service endeavour to obtain freight and passengers for there are 501 foreign captains, 2,991 foreign the return voyages of the steamers to be aged in engineers and 40,000 foreign sailors); (3) that carrying coal to China ports, and
love of luxury, ease, and showiness is on the may also open services between Japan and Tairen. When the increase; (4) that taste for good literature and steamers of the South Manchuris Railway high-class stage plays is rarely found; (3) that Company commence to run on this line the among Englishmen health and physical strength Tairen service of the Oasks Shosen Kaisha, the are both on the decline: (6) that the religious North China line of the Nippon Yusen Kaisha, sentiment in England is at present very weak: and all other steamers engaged in Chinese (7) that taxes are on the increase and that coasting trade will be seriously affected. Ship. municipalities indulge in unnecessary extra- system of ping circles of this country are therefore vagance; (8) that England's looking forward to the opening of the South education is most defective, both technically Manchuria Railway steamship service with and morally; it does not create loyal subjects considerable anxiety.
nor properly prepare children for the duties of Dr. Faruichi, late President of the Seoul.life; (9) that England's national defences are Fuma Railway Company, has been nominated inadequate that she fails to see the need of Vice-President of the South Manchuria Railway that har empire is exposed to constant perils providing herself with a properly trained army, Company-Japan Chronicle.
|
·∙141∙∙
from foreign foes. At the close of the book the tranalator says:
"In a great many parti- oulars Japan resembles England.'
THE TAIREN AND ANTUNG
CUSTOMS STATIONS,
JAPAN'S DIFFICULTY.
A telegram to the Jiji Shimpo fcom Poking says that the Japanese Representative in Peking has informed the Chinese Government that, in accordance with the spirit of the 2ad Article of her treaty with China and in accordance with the 10th Article of the Russo-Chinese Conven- tion relating to the East China Railway, Japan is perfectly willing to have a Chinese Customs Station established at Tairen. Nevertheless it is obvious that if such a step ba taken with- regard to Tairen while, at the same time, goods are allowed to cross the Russian frontier into Manchuria duty-free, a situation of unfair discrimination will be created and the Japanese Government must require that this point shall be duly dealt with. It is further
alleged that the United States Representative, Mr. Rookhill, brought this problem to the attention of the Waiwapa more than two months ago, sad urged the Chinese Authorities to approach the Russian Minister at once with a view to some practical settlement, but the officials of the Waiwapa do not appear to have as yet takon any effectiva stap.
The second article of the China-Japan treaty referred to abwe provides that "the Imperial the leased territory as well as to the matter of Japanese Government engage that in regard to railway construction and exploitatio 1. they will, so far as circumstances permit, eɔoform to the original agreements concluded betwean China and Russia."
MISCELLANEOUS.
I
A Chinaman at Singapore. after being arrested and fined at the Police Court, tok another prisoner's property ticket from hiin, claimed his money at the Station, and paid his own fine with it! He was sentenced as an "old offender" to six months in prison.
The Japanese authorities have resolved tɔ transfer the seat of governmat in Saghalien from Korsakovsk to Faroshi-airofu'ca, about 20 miles from the former town, in the interior. Situated in about the centre of the island, in the midst of sa extensive tract of fertile country, the new seat of goveram at is con- sidered in every way more advantageons, and the new regime will probably come into force next summer.
His Majesty the King has not been advised to exercise bis power of disallowance with respect to Ordinance No. 1 of 19 6, entitled- An Ordinance to amend the Summary Offences (Amendment) Ordinance, 195; Ordinance No. 2 of 1906. entitled-Au Ordinsno further to amend the Magistrates Ordinance, 1890; Ordinance No. 3 of 1906, entitled-An Ordin- sace relating to the jurisdiction of the Supreme Court with respect to the care and commitment of the custody of the prsons and estates of Lunatics; Ordinance No. 4 of 1908, entitled- Aa Ordinance to authorize the Appropriation of a Supplementary Sum of Two hundred and seventy-eight thousand four hundred and twelve dollars and eight cents, to defray the Charges of the Year 1905.
The Japan Mail remarks:-A telegram to the Hochi Shimbun from Peking alleges that Mr. Hayashi's negotiations with the Chinese Government have resulted in the settlement of two points; namely, the establishment of Chinese customs stations at Aatung and Talingkau, and the cooperative exploitation of the forests on the right bank of the Yala. We shall not be at all surprised if the Japanese Government is saftoiently quixotic to agree to the levy of duties on goods entering Manchuria either from the direo ion of the Yala or from that of Liaotung even though goods entering across the Russian frontier are not condemned to bear any such impost. However, there is a very drastic remedy always available; for so soon as the term of military occupation cenEGE, will come into renewed operation, the principal of the most-favoured-nation olanse
No comments yet.
Private notes are available after approval.