May 29, 1909.]
SHIPPING NOTES.
The net profits of the Austrian-Lloyd for 1908 are said to amount to about k.1,100,000 and a dividend of k.10 per share, or 2 per cent., will probably be declared
Sir Walter Roper Lawrence, Bart.. G.C.L.E.. has been appointed to the seat on the Board of the P. and O. Steam Navigation Company, vacant by the death of Major-General Sir Owen Tudor Burne.
The North German Lloyd will inaugurate the regular service between Singapore and Ger- man New Guines by the ss. Sandakan, measur- ing 1,800 tons. This vessel will touch at Batavia, Samarang, Soerabaya, Macassar, Amboina. Banda, and Netherlands New Guinea, while cargo will also be carried to Australia.
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CHINA OVERLAND TRADE REPORT.
10 per cent. The subsidy will be reduced by 5 per cent annually after five years. When foreign built vessels are used half of the above-mentioned built according to special orders or are employed sum is to be given. When vessels have been
on a route not yet opened for five years, the sum may be increased by not more than 25 per cent. Supplementary regulations provide for the Ships which at that time are entitled under the enforcement of the law from Jaunary 1.1910. Navigation Encouragement Law to a subsidy, or are being built with a view to enjoying that subsidy, may receive it until September 30, 19 4, but vessels which take advantage of this clause to enjoy the old form of subsidy cannot Shipbuilding Encouragement benefit by the new one. The changes in the
follows:
Law are
No money shall be granted to any vessel of less than ,000 tons gross (the present figure is 700), and instead of distinguishing between vessels of from 700 to 1,000 tons (for each ton of which class the present law allows The Committee of Lloyd's decided towards 12 yen) and vessels of and over 1,000 tons (for the close of last year that in the public interest each ton of which the law allows 20 yen), a it was advisable that every underwriter should general provision will be made empowering, the voluntarily submit his accounts to an indepeu-authorities to grant from 11 to 22 yen per ton dent audit. The proposal was generally accept- ed, and it is understood. a London paper says, will also be able to forbid use of foreign mater- according to their judgment. The authorities that out of a membership of nearly 700 over ials in the equipment of the vessels, except in 90 per cent. have successfully passed the audit. certain specified cases. The examination of the accounts was based on applied only to the hull and machinery, but the Hitherto this clause the results of 1904, 1905, and 1906. and it is addition of equipment has been suggested so as said that the total funds certified by the to aid native industries. The new law is to accountants as held by the members amount to
be enforced from January 1,1910, and to remain nearly £8,0 0,000.
in force for 10 years, but its provisions will not mission has already been obtained. apply to ships for the building of which per
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AT SHANGHAI,
DIRECTOR'S SEMI-ANNUAL REPORT,
The Board of Posts and Communications at Peking has proposed to float ዚ large shipping company with an enormous capital to start regular services of steamers THE INTERNATIONAL INSTITUTE од the Rivers and along the Chinese coast and to run steamers to Singapore, Java, Australia, San Francisco, Yokohama and Bombay, as and when it is thought expedient to do so.
The capital is to be contributed by the Government and merchants equally, and the concern will be under their joint management. It is proposed to place an order at once with a well known German firm for ten steamers and vessels are to be built later on. But owing to the difficulty in raising the necessary funds the Government has not yet decided whether to accept the Board's proposal or not.
more
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A report from the British Commercial Attaché at Yokohama states that two Japanese Government Bills relating to shipping and shipbuilding subsidies were recently read for the first time. At present, he says, three kinds of subsidies are given to shipping in Japan, viz.: (1) A general encouragement to naviga: tion; (2) a subsidy to certain specially-ordered services; (3) a shipbuilding encouragement subsidy. It is proposed by the new Bill, which is called the "Ocean Lines Subsidies Law. to replace the first two so far as the ships plying to distant countries are concerned. The subsidies to services in neighbouring seas, such as those to China. Corea, &c., will be continued
We make the following extracts from the 23rd Report of the International Institute, or, of the Mission among the Higher Classes in
China -
ENCOURAGEMENTS.
The first thing to be especially noticed within the last six months is the encouragement that the work has received. At the last semi- annual meeting, the Director-in-chief pointed out the financial difficulties under which, he, as
the one bearing the chief responsibility, had been compelled to meet in furthering all the objects of the Institute. Since then there have Murray Warner, with her mother Mrs. Bass been several signs of encouragement. Mrs. of Boston, contributed Tls. 1,000. this the Alumni Association of the Institute, Soon after
cient amount to purchase for at the first meeting, subscribed a suffi- the library
the
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Historians History of the World. Chairman of our American Committee. Mr In a few days a letter was received from the William G. Low, subscribing another (gold) $1.000. We are heartily grateful for Mr. Low's
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the account in Shanghai, Tls. 1,878.80. It is our opinion, however, the smallness of the amount should not cause the British at home to
scheme. eliminate themselves from this International It is no doubt true that a large number of the old China hands, who have money at their disposal, would prefer to have their money placed in a British scheme, rather than in one nationalities. It is also true that those who are that equally forwards the interests of other specially interested in Missions prefer to give their money to the regular channels of Missionary Societies, rather than to a work like that of the International Institute, which includes the followers of all religions in one harmonious society. These are only the natural difficulties which will have to be faced and overcome, whether they be British, or American who are favourable to the aims and methods or Chinese, or persons of any other nationality, outlined in the plan of the Institute. We appreciate the generosity of those who have given, and it is our hope that the amount may sti l be increased by the generosity of spme one man, as in the case of funds being raised by the American Committee.
MEMBERSHIP.
Instead of the membership being 253 a year ago and 224 six months ago, it is 191 at the present time. It is with regret that we have membership from among the Chinese. They to report that there has been no increase in have shown great liberality for special objects, for which we are grateful, but it is a difficult task to secure steady contributions for the maintenance of the work. More good could no doubt be done in favour of Western ideas if foreigners themselves would show more genero- | sity in helping on the work, without the necessity of appeal to the Chinese for their financial assistance.
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At the time of unveiling the Tablet to the late Yen Shao Fang, a letter was presented to Deputies of the ureau of Foreign Affairs. Viceroy Tuan Fang through his Chinese
in-aid and was signed by over forty of the This letter was a request for an annual grant- officers of the Institute, including seven who are Consuls-General. Up to the present time no reply has been received from the Viceroy. It is understood that the letter was duly presented, but it is feared that owing to the lack of funds in the Provincial Treasury Institute, nothing will be granted for aid of the
FINANCIAL NEEDS.
The following are the specifications of objects to which subscriptions may be made :-
1.-Subcribing Membership 820 (Mex.) or $10 (Gold) for a year.
2. Subscription for main Auditorium still lacking Tls. 40,000 (—Gold $30,000).
3. An endowment of say, Mex. $50,000 (Gold (Gold $1,500) for one man's salary. $25,000) or an annual subscription of $3,00
4.-Money to meet expense in erecting the house $16,000 (Gold 88,000—Tls. 12,000). 5.-Money to meet deficiency on
Yen
6.-Money for a 4th Dormitory $11,000 (Gold 5,500, Tls. 8,000).
as at present, i.e., up to 1914, the vessels continued generosity, since the Institute first Memorial Hall $8,0 0 (Gold $4,000, Tls. 6,000).
employed will continue to enjoy subsidies under the old Navigation Encouragement Law, while the subsidies for specially ordered services will run for the terms for which they were voted,
became an incorporate body. He has already contributed (gold) $8.325, amounting at the present rate of exchange to over Tls. 12,000. It is for this reason that the contributions for the
CONCLUSION.
The International Institute has had from its
and will then doubtless be renewed. By the building fund from the United States appear so beginning unusual opportunities ; some of these
provisions of the new Bill the Minister of Communications is given power to grant a subsidy to Japanese subjects, or companies consisting solely of Japanese subjects, and during a period ranging from three to 10 years make them maintain a service on the following four routes: (1) European route; (2) North American route: (3) South American route; (4) Australian route. Vessels must be over 3,000 tons gross and 12 knots speed, and less than 15 years old. The Attaché adds, however, that his will probably be altered to 1,000 tons and 25 years. Foreign built vessels cannot receive this subsidy (this does not apply to vessels which have been on the Japanese register for less than five years, and for which the consent of the Minister of Communications has been obtained). The subsidy shall be given, according to the conditions of the route, at a rate of not more than 50 sen (about Is.) per ton of gross tonnage for every 1,000 miles traversed at a speed of 12 knots, and for every extra knot the sum given will be increased by not more han
givers the Institute would be plac d on a solid large. With a few more such large individual basis. Later on in the year, the Chinese com- pleted the amount required for the purchase of about 1,3 of a Chinese acie, which fills out the present site of the Institute into one complete piece of ground. Towards this the Shanghai Taotai contributed $200, and Mr. Chu Pao San, and Mr. Yen Tsze Chun subscribed what was still lacking,
Other encouraging features appear later on in the report.
DISCOURAGEMENTS.
As the encouragement centres around the financial situation, so does the discouragement. It was only six months ago that we mentioned the forward movement of the British Committee. Several very influential men had consented to allow their names to be added to the Committee. A general appeal was issued. The amount of contributions was so small, that their Executive ommittee felt it useless to put forth further efforts, and therefore transferred the amount to
have been neglected and cannot be regained others still remain to be utilised for the good of education and friendly relations between the people of this vast Empire and those of other Mission among the higher classes, and the countries. As originally designed, it was object was especially to secure the influence of officials and Literati. Since the In- stitute has been located in Shanghai, it has been brought more in connexion with an influential mercantile class; connexion, however, is kept up with the Chinese officials by means of correspondence and by meeting them as they pass through Shanghai. This principle of winning over those who possess learning, wealth, goodness or any form of influence for the benefit of the larger number who are less favoured, is a principle that is now recognised by nearly all Missionary Societies, The wide circle of acquaintance that has been secured by the Institute in the past is an opportunity which very few organizations established by foreigners have been privileged to have. By
TEENAG
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