We understand that the following, which appeared in the Hongkony Telegraph of the 16ch inst., is w correct statement of the We lonru farther that the agency in Shanghai is to be taken over by Messrs, Jardine," Matheson & Ca. on the 15th January next, The Hmpress line of steamships run by the Canadian Pacific Railway Company between" Hongkong and Vancouver has already, even though only niue months old, ssu greatly developed and so quickly exceeded the estimates formed of its prosperity, that it is.ow found necessary to establish " head otice for Asia exclusively, with no hindrance of further expansion, Mr. Geo, Dodwell, who had held the agency from the origin of the Canadian route between Chins and England, both under the old aystem of the chartered Guion liners und since the new boxts came out, has found that other business presses hin too much, His firm, Messrs, Dudwell, Carlill & Ov., has probably the largest shipping connection in the East, which of course expands year by year, Mr, Dudwell's arrangement with the Canadian Pacific Ov, was apart feom his service, by which the record' passages were made, notably the 21 days' mail from Japan London, is vid New York, from which port the fastest Atlantic boats all sail. Whether the existing lines will combine to put on a speedier service from Canadian Atlantic ports, or whether the P.R. will induce other railway companies to join in putting on such a line as the Empiesses, is not yet known, What Mr. Shaughnessy has to do with just now the development of the Pacilic trade, and all he can tell us is that the Canadian Pacific Ca. will spare no expense to perfect the service and leave all competitors far behind.
Text read from the printed page and cleaned; old type leaves the occasional error.