August 19, 1907.]
VICEROY SHUM NOT COMING.
RESIGNATION PERMITTED.
THE NEW APPOINTEE.
A Daily Press telegram dated Shameen, August 13th mid:
Viceroy Shum has been permitted to retire into private life.
The new Viceroy of the two Kwang provinces is Cheong Yan-tean, whose appointment is officially notified.
Lum Shew-nin has been app:inted Governor of Bonan.
[Cheong Yan-teun was judicial commissioner of Kwangtung in 1894; financial commissioner of Shangtung in 1898; director general of transports in 1900; governor of Shangtung in 1901; of Honan in 1902; of Kwangtung in 19. 3; and of Shansi in 1905.]
[Lam Shew-nin was governor of Kwangai in 1906, and lately a member of the Grand Council.j
THE RUSSO-JAPANESE CONVENTION.
A Daily Press telegram dated Tokyo, August 15th said:
The new Convention between Russia and Japan is published to-day.
Both parties agree to respect the territorial integrity of each other, as well as all rights secured by each in the existing Treaties with China, and in the Portsmouth Treaty aud Special Conventions.
Further, both Powers recognise and agree to maintain the independence and territorial integrity of China.
WATER RETURN.
Level and storage of water in reservoirs Ou the 1st August :-
LEVEL.
1906.
Tytam
Byewash
1907.
Below overflow. Above overflow. 11 ft. 0 in. 0 ft. 0 in.
Below overflow. 19 ft. 2 in. 1 ft. 3 in. 0 ft. 1 in. 0 ft. 9 in. Wongnaicheong, 14 ft. 6 in. 9 ft. 5 in.
STORAGE GALLONS.
Pokfulam...
Tytam
Byewash
10 T
1906. 297,400,000
3,178,000
Pokfulam.... 65,730,000 Wongnaicheong. 14,202,000
Total 380,510,000
1907.
384,810,000
20,630,000
64,340,000 19,149,000
488,909,000
CONSUMPTION OF WATER IN THE CITY OF VICTORIA AND HILL DISTRICT DURING THE MONTH OF JULY.
1906.
16.8
23.1
1907. Consumption...122,335,000 147,224,000 gallons Estimated popu.
lation
234,100 205,260 Consumption per head per day
gallons Rider Main in operation in the Central and Western Districts, and constant supply in all other Districts for the month of July 196 Constant supply throughout the entire city during month of July 1907.
The return of consumption is subject to error owing to the dimoulty of accurate measurement, while the extension works at Albany filter beds are in progress,
CONSUMPTION OF WATER IN KOWLOON PENINSULA DURING THE MONTH OF JULY.
1906.
1907.
Consumption... 15,215,00) 19,272,000 gallons Estimated popu.
78,900
lation Consumption per
80,150
head per day 6.1
7.8 gallons The Government analyst reports that the water is of excellent quality.
W. CHATHAM,
Water Authority.
CHINA OVERLAND TRADE REPORT.
HONGKONG'S FINANCES.
The Statement of Assets and Liabilities on the 31st May, 1907, are as follows :—
LIABILITIES.
Crown Agents' Account Money Order Remittances Officers' Remittances Suspense House Service
$ 180,705.88 4,055.04 1,082.70
12,990.20
Total Liabilities..... 198,833.82 Balance of Assets.............. 1,239,541.97
Balance, Bank
Balance, Crown Agents Advances
Total
$1438,375.79
ASSETS.
251,885.40 37,666 64
302,347.23
380,751.60
86,328.78
379,396.05
Crown Agents' Deposits. Deposits not Available Subsidiary Coins
Total
.$1,488,875.79
* Estimated loss to be deducted on withdrawal of Coins from circulation $12,000.
ANOTHER CHINESE DECREE.
the
A Decres dated August 2nd and issued in the first duty of the Sovereign is to nourish and name of the Empress Dowager, states that the seek after the welfare of bis subjects. The Ancients attached great importance to proper conduct of internal government, and in moting harmony and cordial relationships with even greater proportion the necessity of pro. foreign countries. China at the present da has her hands full of national problems. Her commonalty have not improved in riches; hence the necessity of paying more attention to finance and economic conditions. To attain this end, we established the Ministry of Agriculture, Works and Commerce to attend to these matters, but it is to be regretted that although several years have passed, the minds of the people have not been opened and enlightened as much as should be and this has been due to the fact that officials of all degrees have not inangarated reforms with proper energy and earnestness, while their manner of exhortation and their advice for the encouragement of th people have bot been satisfactory. We, therefore, hereby command the Vio-roys, Governors, and Tartar Generals of provinces to instruct their subor dinates to make all haste to start all kinds of industries that are needed, and to exert them- selves to encourage business amongst the people. Those who are able to promote agricultural enterprises, mechanical arts and handicrafts, trades and miues or any other kind of business, or aid merchants to subscribe capital for industrial enterprises,, and succeed in them-such officials or gentry who have worked to such an end will be rewarded by the Throne to an extraordinary degree, Should any one be able to show that he has succeeded in starting a manufactory or industrial work with a capital of over ten million taele, where the workmen number several thousand, such persons will be even more greatly re- warded-even to the extent of being raised to the peerage. We further command the Ministry concerned to draw up a scheme of rewards in accordance with the foregoing and report the same us without delay. The said Min'stry is also commanded to present industries that have been started and brought an annual report upon conditions of trade and to completion and success and these sanual reports are to be distributed to officials, high and low, throughout the Empire for their information. Should any official, led by private animus fail to give proper assistance and protection to merchants and tradesmen, such official will le severely punished and no leniency will be shown. Let Our aim be to have no land lying fallow within our bor er, no wandering bands of unemployed people, and let us all work to make our country wealthy and strong. This is our earnest hop".
to
From the 1st January till 31st May this year the receipts paid into the Treasury amounted to $5,877,037.05, and the payments out amounted to 35668,703.3. The receipts under the heading of subsidia y coins amount to $43,316.97.
COMMERCIAL.
109
The Yokohama Prices Current and Market Report, published under the direction of the Yokohama Foreign Board of Trade, and dated Yokohama, 30th, July, 1907, has the following :---
IMPORTS.
Yarns.--The market remains as last reported, but buyers
are beginning to enquire for "forward," Shirtings. The position is gradually improving as stocks in dealers' hands are becoming smaller. Fancy Cottons and Woollens. -The market has remained the same as when last reported. Metals.-The market is extremely dull, almost ΠΟ movement of goods being reported. Kerosene,―The market is generally firm. Sugar-No change. Indigo (Natural},— No business to report.
EXPORTS.
Tea-Since our report of the 15th instant, the market has advanced about Yen 8 per picul on Common and Medium grades. These Teas are in some supply and have found a ready market at yet been shown. the advanced price. Third crop Teas have not Total settlements from May 1st to July 80th Seconds are about finished.
the corresponding date last year. amount to 81,318 piculs, against 81,786 piculs at
GENERAL EXPORTS.
Copper-In view of the declining markets at home, producers show no inclination to operate, Fish Oil.-A further decline is reported, and rather considerable quantities have changed hands at Yen 7.90 to Yen 8.00 per 100 kin.
SILK REPORT,
On the 11th inst, our market fell to Yen 1,155 for No. 1-1 Shinshu Filatures; but shortly after- wards a reaction set in and prices began to advance sharply, with the result that Yen 1,230 has been reached for the grade mentioned above. Stocks continue to remain very limited, and the absence of various grades such as "Extra A and many fine sizes is keenly felt. At the close things are very firm.
WASTE SILK.
"
No Market. Small contracts are reported in Noshi-ito filatures at Yen 215 per pical. Arrivals of New Waste Silk are coming in very slowly, and the lots so far to hand cannot be considered as representative in quality. Settlements from July 9th to July 22nd-picals Total Settlement from July 1st to July 22nd- piculs, Stock on the July 23rd is estimated at 5,400 picule, viz-Noshi, 1,200 piouls; Kibizzo, 8,800 picule; Pierced Cocoons,- -piculs; Sundries, 600 piculs,
The Kobe Market Report, published underth direction of the Kobe Foreign Board of Trade, and dated (Kobe) Hiogo, 31st July, 1907, has the following:-
IMPORTS,
Cotton.--American.- Prices have fluctuated within a small range since our last report, "for ward" good middling closing at Yen 42, No business, however, is practicable at present high
rates,
Spot" middling is still nominal at New crop commands rates above the idea of Yen 37.50 to 88, according to quality. Indian.-
sequence bas transpired. Speculative sales are spinners here, and no legitimate business in con- reported at Yen 26.25 for Yeothmal and Yen 25.26 for Akola and Khamguan for “ forward ” delivery. "Spot" remains dull and quiet, owing to the absence in the market of suitable qualities. Closing prices are:-Best Broach, Yen 30.50; Yeothmal Yen 25; Akola Khamguam Yen 28.60; Bengel Yen 21,60. Chinese.---Business in both "forward and "spot" has been quiet for a considerable time, there being practically no available spot " cargo at the moment.
Best" is nominal at Yen 30. Shirtings.-There is better demand for some favourite chops and prices are strengthening, Cotton Goods and Fancies.-A better feeling in the market, and prices are strengthening owing to a more general demand by country consumers, Worsteda and Woollens.-Market dull, but there is a slightly No change to report; Market dull, with no better feeling observable in the trade. Metais.
improvement in prices. Bugar.--Boet.--The
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