The Archive · 1903

THE LAOU KUNG MOW COTTON SPINNING AND WEAVI."G

The ninth erg Corton Spinning and Weavin, Com Limited at the allies of the Ger srs. bert and Ca., by Mess Chun: for slunk The sale ion titis Working profit to JI.

actiy the same as previous nto regret that, unable to a dividend, their tw whole be ation, as detailed question of seo th the report, that it fant, yet todo ally fatal. and that is the une jealousy which exists. bet cotton—buyers i ourselves in fact, which the re not slow to take advantage for th purpose of sowing dissension one of the dissemination of lying reports. instance, it happened that the wark in, connection with the formed for the suppression of the watered cotton evil, diroctfrom this office, "and though such wack was on in conjunction Cotton Guild and the Chinese parently with the approval

thorities, yet it was not to the liking of a number of the more unscrupulous cotton dealers, who made themselves busy with the dissemi the work of the was bei y Mow Hong for the benefit of the Kun Mow Mill, and in a cotton cise at the Mixed Court, instituted by the A. ion, Counsel for the Chinese ducted no doubt by his forward this outrageous further, in the same ease, lence given on the Chinese side by of thy null managers as to Sto what was not: divergence of lose upon which the rules of ths Association were founded, and which veal to at the time both by the concerned and by the Chinese mild. Tu sich circumstances the of the Association naturally and all that we can now rely the instezation of the evil Jess) ig thes work in obtaining from the Chinese proclamations leat the ware ea: cotton is a criminal iurphine, M.A. Sapte Chin, Ping Or Shared The report ami account hauls fur soe again davis ths of to work with sun while duri the: stummer were altozet her able proseemtion of the in explanation of this opportune. Yost w crop of ins dunne ord: as a cane supplies which we had which us with the sorties worked wtf, any cotton at all. able was both dear in price, and poor in tion of The say Th 358.00 this account sli Yarn. Coals, some Th nid showinse MY) better than at the ards Ue two. items on. I should: all sold t the nant, ud that report. hit could months of The Watered Cotton" Question. the ren arks whic I addressed to refer to the vexed. question of held out hopes fter of wat Mi: at the impossible: ta secure unanimity th who-e interest, one would pose, it is to ~uppress the Outlook. tlemen, to conclude; as the ints show we have started the year fair stock of cotton, bought as moderate prices, and. the and to be made, from this sold at, remunctative rates since the opening of the year we have laid in further stocks, and the yarn from this ix also all satisfac-therefore count on profit for some months te come, but as to what may be the position in the middle of the year, which experience has shown us to be our most od, it is impossible to predict 1 all the more, difficult because in the statistical, conditions of this country (or rather in the absence of any statistical condi us) we cannot tell how f year's cotton crop, though one, is likely to go round, especially in face of the Japanese demald. However the outlook for the owing to the circumstances of certainly very much more ever has been, and ors trust that at our next thee may he able to lay Tacit y ably more satisfactory accounts than these h you are now soked to 5 to propose that the Report nts as presented be passed,

Text read from the printed page and cleaned; old type leaves the occasional error.

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