How this would appear to a Chinese lad Lam rather curious to know. His Excellency the Governor has had a chance of learning young China's ideas on the subject for he has just given two prizes (of $50 and $25) for essays on the subject. BLE. had promised these prizes ut the lust prize distribution at Queen's College, and seven boys having competed the awards were made on the 28th ult., the winners both being Chinese, NEW COMPANIES, The prospectuses of tire local companies have appeared during the week. The first, that of the New Balmoral Gold Mining Company, Ld., is a mere reconstruction. 'The company proposes to write down its present capital by $100,000 and to issue preference shares to the amount of $75,000, The new management have faith in the mines, an' are working hard to develop the property. The other is that of the Eastern Mica Manipulating Works, Ld. The capital is fixed at $50,000 in 5,000 shares of $10 each, and the company is form: d to take over and work the business £Mr. 0, Holdsworth, who is to receive 5,000 in cash and $5,000 in fully paid up shares, and who un'ie: takes to manage the concern.
VAL MOVEMENTS, The British gunboat Swift arrived here on the 28th ult. from Swatow, and the storeship Humber on the 29th from Naga saki. The Mexican cruiser Z: rogoza arrived on the 30th ult. from Nagasaki, and is, to the be-t of my recollection, the first warship seen in these waters carrying the Mexican flag. The Austrian cruiser Saida left on the 28th ult. for Singapore. The German flagship Kaiser arrived here yesterday from Amoy, and is going into dock. The Naveissus is to leave to-day for the North to relieve the Immortatité, which vessel is coming down here to undergo a milar transformation in regard to her funnels and masts, Hongkong, Sth December.
Text read from the printed page and cleaned; old type leaves the occasional error.