February 6, 1909.]
Cr.
By balance brought forward from
1907
By rents
By interest...
By transfer fees...
By commission
$122,880.04
CHINA OVERLAND TRADE REPORT.
SHIPPING NOTES.
$4621.11 94,070.05 Yesterday's mail from Japan brought details 23,911.90 of the collision of the Hokkaido Colliery steam- 186.00 | ship Iburi-maru with the M.M. steamer Sydney. 90.98 It appears that the Iburi-maru left Uraga on Saturday morning the 23rd ult. for Yokohama, after undergoing repairs at the Uraga dock. When she arrived at a point some three miles off Kwanonsaki, she sighted the M.M. steamer Sydney, on her way from Yokohama to Kobe, All attempts to avert a disaster were futile, and the two vessels came into collision, the bow of the Sydney ramming the port-side of the Iburi- maru, The French vessel backed out, and the Iburi-maru made water rapidly untily she was on the verge of sinking. The officers and crew of the Sydney assisted the crew of the other vessel on to the French steamer, One of the stockers and
KOWLOON LAND AND BUILDING
COMPANY, LIMITED.
The twentieth report of the Board of Directors to the ordinary meeting of shareholders to be held on Tuesday, next is as follows:-
GENTLEMEN,-The Directors now submit to you a statement of the affairs of the Company, and balance sheet for the year ending 31st December, 1908.
The balance of profit and loss account for the year including $653.06 balance brought for- ward from last account, after writing off all charges and expenses, amount to $9,828.90. The Directors therefore recommend that a dividend of $1.50 per share, be paid, which, after writing off the Directors' and Auditors' fees, will leave a balance of $278.90 to be carried forward to the credit of a new Profit and Loss Account.
DIRECTORS.
Mr. H. Pinckney having retired, Hon. Mr. Murray Stewart was appointed in his stead. Hon. Mr. Murray Stewart having resigned, Mr. J. M. E. Machado was appointed in his stead. These appointments now require con- firmation
Meessrs. A. Rodger and Mr. J. M. E. Machado retire by rotation, but offer themselves for re- election.
AUDITOR.
The accounts have been audited by Mr. J. Cox-Edwards who retires, but offers himself for re-election.
T. F. HOUGH, Chairman.
a mate were too late to scramble on board and
109
.FAR EASTERN TELEGRAMS.
THE OPIUM COMMISSION.
Shanghai, February 1st. The International Commission on the Opium Question met to-day.
The Viceroy (H. E. Tuan Fang) in a lengthy speech claimed that marked progress had been made towards the suppression of the opium traffic but a Government monopoly was neces sary and he urged the Commission to recommend the readjustment of the treaties so as to permit of this.
When the Viceroy had finished, the French delegate asked that the deliberations should be conducted in the French language. Otherwise they would be bi-lingual.
The Chinese officials were unprepared for this demand, and the Viceroy left without replying.
Bishop Brent was appointed the Chairman, and Mr. Carey, of the Imperial Maritimes-
The bi-lingual demand will be submitted to a sub-committee for consideration. It is con- sidered unlikely that it will be granted.
jumped overboard with a life-buoy, They were afterwards picked up by a fishing-boat. Mean-ustoms, Secretary. while the Iburi-maru sank. The Sydney having sustained some damage, she put back to Yokohama, with the captain and 37 members of the crew of the Iburi-maru on board. Fortun- ately no lives were lost. The repairs to the Sydney would take only two or three days to complete.
The British steamer Craigvar, Captain B. C. Edmonds, arrived at Yokohana on the 20th ult. from Muroran, her forward compartment being full of water. The vessel, which is chartered by Messrs. Andrew Weir and o. who by the way are also owners of the ill-fated Adao, left Seattle on the 15th of December last for Hong- kong and Manila with a cargo of pine lumber, flour, oats, ato. Heavy weather was met crossing the Pacific, and, running short of coal, the vessel made for Muroran, off which port she arrived on the 9th instant. While entering the port, the Japan Gazette says, the vessel struck a submerged obstruction in mid-channel. The blow, which was only slightly felt on board, caused no apprehension, but shortly after being anchored in the harbour it was found that the vessel was making water forward and settling by the head. Divers were at once sent for, but before these had finished their in spection the vessel settled more and more and listed heavily to port, and it was determined to beach her to keep her from sinking at her anchors. By this time there was 22 feet of water in the forward hold, but steam being got up, the vessel was safely beached in a good position. The divers reported that the vessel $182,032.17
had sustained serious damage, there being a hole 6,151.26
20 feet long and from 1 foot to 3 feet wide on the starboard side about 40 feet from the stem. 2,163.30
A part of the cargo was landed and temporary $190,346.73 repairs were made, after which the vessel came
on to Yokohama for further repairs.
Hongkong, 27th January, 1809.
BALANCE SHEET 31st December, 1908.
Paid-up capital
.$180,000.00 313.53 204.30 9,828.90
$190,346.73
LIABILITIES
Accounts payable,.
Dividends outstanding,
Balance of profit and loss A/c....
ASSETS.
Cost of property.
Cash
Accounts receivable
PROFIT AND LOSS ACCOUNT.
Dr.
To charges
To repairs
To fire insurance
To Crown rent
To commission to agents.
To balance to be appropriated as
Cr.
follows:-
Directors' fees
Auditors' fees
Dividend of $1.50 per
share...
$500.00
50.00
..$9,000.00
278,90
To be carried to new
profit and loss so- count...
By undivided profits 1907 By rent
By interest.
By scrip fees
$829.99 2,844.40 to work on the 27th ult. under agreements signed 527.50 between the union and the owners of nine 786.00
launches and 98 cascos and lorchas. Senor 1,075.35
Pedro Guevara, president of the gremio, declared himself well satisfied, stating that the concession by the shipowners is significant as a recognition of the union, for which that body had been contending as essential to the success of the strike movement. Mr. Guevara said that the average increase of pay granted the returning strikers amounts to twenty per cent. 6,300 strikers are left to be looked after by the Union.
About 1400 of the strikers at Manila returned
9,828.90
53.12
General surprise was expressed that the Viceroy should have embarked on questions of general policy as it was understood that such questions were outside the scope of the inquiry.
THE S.S. “ADATO'S" CARGO.
Tokyo, February 1st. An attempt will be made to salve the cargo of the s.s. Adato which was wrecked at Oshima in a snowstorm on January 19th.
The cargo is valued at a million Yen. The hull of the vessel will be abandoned. [The Adato had on board 2,882 bales of raw cotton, 166,744 bags of flour, and 8,458 packages of sundry goods for Kobe and Hongkong. The vessel, which was built at Glasgow ten years ago, is of 3,347 tons gross.
There is no information in the papers as to $ 15,892.14 how the Adato came to be so far out of her course, but the Japan Gazette reports that Captain Grant, of the British sailing ship. $653.06 Brilliant, reports that on the night of the 19th 15,167.96 when the Adato stranded, the weather was thick, with rain, and that there was a strong current 18.00 to the eastward. The Brilliant was several times compelled to alter her course and haul $15,892.14 more to the north and west. Captain Grant estimates that the current was setting to the east at fully six miles per hour. It is therefore very probable that the Adato ou leaving Yokohama, encountered the same current, and, the night being very dark and stormy, she was set out of her course, and so met with disaster.
A Haiphong contemporary states that the Governor-General of Indo-China intends shortly to go to Yunnan to formally open the railway to Mengtze.
on.
The Japan Chronicle notes that the vessel has made only three voyages to Japan, but has met with serious misfortunes two occasions. On her first voyage she caught fire while lying alongside Kobe Pier; on the second visit, owing to some trouble with the owners, surety had to be given for an unpaid coal and provision bill before she was allowed to depart; while on the third visit she has been wrecked.]
JAPAN AND THE EMIGRATION - QUESTIONS.
Tokyo, February 2nd. Baron Komura delivered a speech in the Diet- to-day on the country's relations with Foreign Powers.
Baron Komura dwelt on the necessity for the extension of trade, and for the concentration of emigration to regions in the Far East, instead of having it scattered at random over distant lands.
He felt confident that the Californian affair would be settled amicably.
In the debate which ensued speakers attacked * the Government's diplomacy in reference to the developments in California and claimed that the Japanese emigrant was necessary for Americs and free emigration Was essential to the prosperity of Japan.
THE MANILA CARNIVAL,
Manila, February 2nd. The Grand Carnival opened to-day, the Band of the Rajputs playing the opening march.
The Carnival was a magnificent spectacle and immense crowds have come to Manila to witness A most cordial reception was given to visitors from other ports.
it.
The Sports commenced to-day at the Hip- podrome, and the Tennis tournament was also opened,
Mr. Robert Laidlaw, a member of the British House of Commons and one of the British Com- missioners to the Opium Conference, who with his daughter has been visiting Seoul, was enter, tained at dinner by H. E. Prince Ito at Miss acted as Prince Ito's representative in the ontag's on the 26th ult. Mr. Ki Nabeshi ma
absence of the distinguished host through indisposition.
ཏི༔
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