19 Jun 1876
Page 1
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Newspaper
London And China Telegraph
Location
London, Middlesex, United Kingdom
Date
Jun 19, 1876
Page
1
The two mile walking event saw Mr. Esdale finish second to the Kobe champion by one foot with a time of 18m 103s. The article notes improved overall race entries and prize totals for the upcoming meetings, contrasting with previous sums and listing diverse event categories and entry fees.
Private advices report Sir Thomas Wade refusing cordial talks with Chinese Ministers after the Yunnan outrage. Flying Squadron visit, Prince Kung’s demoralization, and Tso T'sung-t'ang's war difficulties are noted. Rumors of cotton mills at Ningpo or Shanghai backed by officials. opium production rising with plans to replace foreign by native drug. United States Consul Seward returns, aims for Peking on April 19.
Worth China Herald notes premiums earned 536 598.17 Ts, losses 265 522.34 Ts, net balance 232 032.47 Ts, total credit 522 186.15 Ts plus 600 099 Ts paid up capital. Disasters include Orestes Strathclyde and Kwangtung hulls. Dividend of 60 000 Ts to general and contributing shareholders approved. Directors reappointed. Old company to close and assets transferred for liquidation. Woosung Tramway negotiations nearing a satisfactory conclusion.
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