562
[June 26, 1909.
IMPORTATION OF FOREIGN MONEY.
INTERESTING STATISTICS.
The following returns are published by the Japanese Finance Department, showing the amount of foreign money imported into Japan by means of the sale of bonds and the issue of municipal bonds or company debentures between certain dates last year and May, 1909-
VALUE OF DOMESTIC BONDS SOLD ABROAD BETWEEN MAY, 1908, ANDd april, 1909. Conscis
War Loans
Imperial 5 per cents. Special 5 per cent.
*. i. mark bonds A. ro mark bonds B. . mark bonds
Tobacco bonds
Total
THE HONGKONG WEEKLY PRESS AND
broker has the ignorant principal at his mercy.', VICTORIA RECREATION CLUB. Agents cannot act so as to bind their principals where they have an adverse interest in them-
The report and statement of account of the selves. This rule is found on the plain and Victoria Recreation Club for the year 1908, to obvious consideration that the principal bargains be presented to members at the annual general in the employment for the exercise of the dis-meeting to be held on Monday, June 28th, has interested skill, diligence and zeal of the agent been issued. The following extracts are taken for his own exclusive benefit." (Story on therefrom: Agency section 21) For this reason the The Boat House Sub-Committee have much contract in question is plainly void. That dis-pleasure in being able to present a cheerier poses of the action.
report on the past year's work. The point call. In regard to costs I think I ought to make ing for this satisfaction is the greatly increased no order, for the defendant when she came into general interest shown in this section and an Court had no merits so far as her defence against enthusiasm which has enabled us to enter crews the plaintiff is concerned. She had no quarrel both in the Hongkong and Canton Regattas, with Mr. Marshall, but proposed to judge by though we regret that in neither case were we her statement of defence-to upset the contract | successful. The two scratch races held early in by attacking the other principal: accident gave the season wero instrumental in reviving interest her a defence. If the shares had gone down in and the means of bringing to the fore several Second and Third Exchequers price she would certainly have looked, according promising new oarsmen. In connection with the to the custom, to Mr. Marshall to pay at this Hongkong Regatta we should like to acknowl- contract rate. He gave her the correct market edge our indebtedness to the Royal Hongkong price and treated her quite honestly according Yacht Club for their sporting loan of a pair- to the custom of share-broking here. Inoared boat until the arrival of our own from the action Liu v. Graham supra, three leading brokers, called to give evidence of the custom, During the last season we have had four agreed that a broker would be entitled under 4-oared boats locally built on the lines of the the custom to sell his own shares when signing | new Clasper, which have so far given every "for the concerned" and yet charge a commis- satisfaction; and also one new racing pair-car, sion. The custom is, to put it mildly, mislead- which was procured from England. ing to the outside public and to the honest The Gymnasium Sub-Committee reports that brokers alike, and illegal; and until it is altered the gymnasium has been kept in good condition the law must from time to time claim a victim. throughout the year. In the person of Sergt.
Judgment for defendant, but without costs.
Link the Club possesses an able instructor who, Mr. Wilkinson said that his Lordship had besides being thoroughly qualified, is painstak. 'recorded judgment and he did not wish to ing and deserves a more encouraging attendance argue upon it. He wanted to point out, how-of members at his classes, which at present are ever, that the action had only been heard on the held every Tuesday and Friday. The manner first issue and the defence entered on the plead-in which the instructor has fulfilled his engage- ings still remained. Plaintiff had brought the ments is extremely gratifying and the Gymna action and had not succeeded, and counsel sub-sium Committee desire to place on record their mitted that his client was entitled to costs He appreciation of his services. was not going to proceed with the second part of the case, but he suggested that defendant, who had done a public duty, should not be mulcted in costs.
His Lordship said that he had merely taken a view of the merits, and that he considered that Mr. Marshall had been quite sufficiently punished.
Mr. Wilkinson-This action is now at en end. May I in my other capacity ask that the account book put in as an exhibit be impounded by the Court for scientific examination.
England.
34
The general working account shows an amount of $4,464 derived from annual subscriptions, and $1,540 received as entrance fees. The balance sheet places the assets at $31,993.37, while the liabilities total $29,838.67.
RAT PLAGUE AT SHANGHAL
In his last monthly report to the Shanghai Municipal Council, Dr. Stanley, the Medical Officer of Health, says :—
Y1,000 000
100,000
2,000,000
5,500,000
10,000.000
7,000,000
1,000,000
2,000,000
300,000
Y28,900 000
VALUE OF NATIONALISED RAILWAY SHARES SOLD BETWEEN NOVEMBER, 1908.
Nippon Railway new
11
Sanyo Railway... Kyushu Railway Sobu Railway Kwansai Railway
Total
No. of shares. Face value.
66,800 Y3,324,000
30,000
1,081,000
93,840
4,692,000
2,100
105,000
800
40,000
8,260
413,000
201.800 Y9,655,500 Converted into current market value, the total value of the above shares is estimated at Y18,177,120.
Osaka Nagoya
MUNICIPAL LOANS.
Total
When floated. Amount.
April 1908. Y30,22,000 May 1902. 8,000,000
Y38,220,000
COMPANY DEBENTURES AND LOANS, Second South Man. When floated. Amount.
churian R'ly, de- bentures
Fuji Paper Mill Toyo Kisen Kanegafuchi Spin-
ning Mitsui Bussan
Toyo Kisen.. Kogyo Ginko
June 1908.
Y20,000,000
Aug. 1908.
1,500,000
July 1908.
2,000,000
July 1908.
2,000,000
Sept. 1908.
3,250,000
Mina-Arima Elec-
tric ailway
Oct. 1908.
1,300,000
Oct. 1908.
2.000,000
Nov. 1908.
20,000,000
Third South Man-
churian R'ly
Dec. 1908
20,000,000
Tokyo Gas
Feb. 1989.
3,000,000
Nisshin Spinning
Feb. 1909.
500,000
Matsui Muslin
April 1909.
250,000
Hoden Petroleum May 1909.
1,000,000
Tokyo Spinning...
May 19.9.
1,000,000
Total Grand total.
1,118
26
2.3
PLAGUE AMONG RATS.
His Lordship-If you as Crown Advocate think that a crime has been committed, you can As regards plague among rats the improve- apply to have the book examined. But you willment noted last month has been well maintained have to consider the matter seriously and in the during May; moreover, no human cases have meantime the exhibits will be kept in Court. been met with.
Mr. Douglas-I understand your Lordship to say that the exhibits are to be kept in Court, I understand that throughout this case Mr. Wilkinson was acting in his private capacity, and I therefore think that he should state a certain time, after which Mr. Marshall may have his book.
Comparative Monthly Figures,
His Lordship (to Mr. Wilkinson)-You must December make up your mind within twenty-four hours January about this book, and if you do not give notice February then the book will be returned to Mr. Marshall, March
DEATH OF MR. F. H. BALFOUR.
It is with regret that we learn of the death of Mr. F. H. Balfour, in Florence, Italy, on
**
Rats
examined
Plague
Sinfected
Percentage
ais infected
.1,359
1.6
.1,375 30 2.2 2,585
41 1,897 21 1.1 ...1,780 10 0.6 The Central and Western Districts have been
The
April May entirely free from plague infected rats through out the month. The Eastern District, where the ontbreak
originated and
where preventive 22nd May, after a long illness. Mr. Balfour measures were first organized, furnished only 3 came out to China as a silk inspector in 1870, infected rats as against 11 last month. and soon started on his own account, the firm's Northern District, for the first time, heads the name being Balfour, Butler and Co., but through list with 7 infected rats, of which three were the failure of some company at home the firm found outside the Settlement, in the Chapei suspended, but he paid up the liabilities from his district. This would be a more unfortunate private means. He was co-editor with Mr. J. fact to record were it not for the absence of D. Bishop in the Evening Gazette," after opposition by the native authorities to preventive which he became editor of the
Celestial measures being carried well beyond the Empire" and "Shanghai Courier from 1874 Settlement boundary. These have been to 1876. He went home on leave, but on his vigorously pressed forward and, there is reason return the "Courier" and "Celestial Empire" to believe, with good result. If the improve- was leased to a Chinese syndicate, so he went to ment in the general condition regarding plague Nanking to continue his study of Chinese. His among rats is maintained and, as cases of plague next appointment was Adviser to the Japanese in
man are dependent upon its prevalence Legation at Peking. In 1887 he became among rats, if there is no outbreak of plague co-proprietor and editor of the "North China among the human population by the end of Daily News" and
Herald," and remained June, a good prognosis may be made and the there until he resigned in 1886. He was an community may have every reason to con- able writer, and an excellent amateur actor. gratulate itself on having escaped for a time a After his resignation from the "North China danger the magnitude of which has never been Daily News" he went home, but eventually experienced in Shanghai so long as sanitary made his home in Italy.
64
records have been kept.
Y77,800,000 Y163,097,120
LIKIN ON RAILWAYS.
A correspondent, writing to the B. & T. Timez within the past month, has established a consid- of June 8, says that the Chinese Government, erable number of likin stations along the Peking-Hankow Line, where a tax equal to one-
half of the Maritime Customs duties is collected and native, must pay this unless accompanied from passing goods. All goods, both foreign by a transit duty certificate, in addition to the ordinary receipts for likin dues and the native Customs dues that have to be paid at the sea-
porta.
In addition to the foregoing, the Chinese Government is now also collecting from all passing foreign goods not protected by the transit duty certificate just mentioned, the Peking city octroi tax on goods passing Fengtai, although said goods do not go into Peking, nor within some miles of that place.
All this (it is added) is an entirely new practice, only established this spring, and is quite a serious matter to such foreigners as have to take or send foreign goods into the interior. The failure to secure a transit duty certificate will make it necessary to pay at least double the cost of such certificate, beside the probable delay
and annoyance en route.
No comments yet.
Private notes are available after approval.