At their last monthly meeting, held on the 16th inst., the General Committee of the Hongkons Chimber of Commerce, passed a resolution strongly approving the Bowpany for a line of fast mvul steamers proposals of the Canadian Pacific Railway
across the Atlantic to Montreal, and an accelerated train service to Vancouver, with the prospect of a faster service (later on) from that port to East Asia, Reuter's agent telegraphed the fact home, and a special telegram from London to the "Daily ress," states that the ' Globe," commenting on the revolution passed by the Chamber of Commerce, suggests that steps should be taken to ascertain what the increased cost will be, and then whether it is possible to increase the present subsidies.
Hongkong Cotton Spinning and Weaving Ca., Ld.
The shareholders in this concern held their fifth annual meeting em the 15th inst., at the offices of the General Manag: ers (Messrs. Jardine, Matheson and Ca.), when the report and accounts were adopt. ed nem, con. und the other forma business put through. 'The Chairman, in the cout of his speech, said that the Company'
ans are becoming well and favourably mown, and that there is an increasing demand for them, which under normal conditions should allow of the mill working with fair margins. The position had appeared to the Consulting Commi sufficiently eucoura to justify the purchase of additional machinery and a further 5,000 spindles, part of which had already arrived and been erected, and the remainder is expected to be in' working order early nex: year. They had been fortunate this year to escape any 5 visitation of plague, but had been handicapped somewhat latterly by sickness (dengue fever) among the operatives. Their health was of great importance, and with a view to get them housed in good sanitary conditions it had been determined to erect A Jarge building on the Company's ground capable of accommodating some 800 hands, and it was hoped this would be ready for occupation in March next, and that then '*e dongers of an epid among the -atives would be mini Daring Theft on Board a Steamer.
'The China and Manila S.S. Co.'s steamer Zafiro, whicn left here for Manila on the 12th inst., shipped specie to the amount of $50,000 gold. This was consigned to a firm in Manila, and was taken on board here at the last' moment. News has now arrived from Manila that the bullion has not arrived there. A most thorough search failed t" discover a trace of it on board, and the conjecture, is of course, that it has been cleverly stolen, though how is at present a mystery. The Police have been communicated with, but s+ much time has been gained by the thiev-s that it will be difficult indeed to trace them.
Text read from the printed page and cleaned; old type leaves the occasional error.