This work is gradually showing up, though it has been much retarded by the unfortunate mishap to the steamer dredger Canton River. The reclamation is stenchly proceeding, and by the end of the present year no doubt there will be a large expanse of new ground showing up along the foreshore. The first foundation block for the new Admiralty Dock is to to laid by Mrs. Powell, wife of the Commo-dare, on the 15th inst. This will probabi ly be her last function here, for Commo-dare Powell's successor is now, I believe, on his way out.
China Provident Loan and Mortgage Ca., Ld, The report to be presented at the fifth ordinary meeting of shareholders, fixed for the 15th inst., has been issued. It shows that the gross earnings for the year amounted to $87,941.32, and that after deducting all expenses and fees there remains a balance of $70,045.58, which it is proposed to divide as follows To place $10,090 to Reserve Fund, to pay a dividend of 8 per cent on paid up capital, absorbing $57,760, and to carry the balance of $2,285.58 to new account. This is a very fair showing, but the charges, commissions, ete., seem to foot up to a good round sum.
Text read from the printed page and cleaned; old type leaves the occasional error.