No. 5702-DFarmber 6, 1890,"
That at the same time it seems rass
strange that the Chairman of the Finnis Committee possesses a casting vete, and
no more.
That
I observe your tanning contemporary has thrown in his lot entirely with thủ
Should the shareholders, however, de-
THE CHINA MAIL
account.
have, and I think if you had seen him as of mounted volunteers over bo organized work and knew the interest he has taken such a road would be of inestimable value in doing all he could for the company, you to them.Yours, would be rondy to admit that he could not
ANOTHER JOCKEY. have done better than he has done.
Me Gonies My impression is that if the matter had been looked at from a business like point of view we nhưuld not have spent i proceeds would never reach that sum,
Mr Wicking Mr Abrahamson told us
officials, and throws out insinuations of a cifs on the waeless and expensive process of i were se entered in closing Many of THE EAST BOKENO CO., LIMITED. $15,0.0 on the '80 erop u wo know that the
official members.
co
concessions
coun-
THE FINANCE COMMITTEE.
The following is a fuller report of the concluding part of the proceedings at the
day
thought the arrangements sow to be onrried sut abould be in accordance with those cus totpary in civilized communities, that they 'should not be in the Chinose manner bist recording to modern principles of sanitation. In the first place a very large number of animals have to be accommodated, espostal abode have ly kà enormous nowber of.
pige, for which bo arccted; and as regards the laughter-house Arrangements, the to be very large, slaughter-honsu itself-lins
valuable asset in Tobacco land, which at the prospectus invited Intending share-On the motion of Mr Goines, & vota of the Government peot price might realize a holders to inspect the statements of nasctay thanks was passed to the investigating
the directors. A A reduction is ex- and liabilities, and that this jum was then Committee clear profit of 880,010
A vote of timeke to tho Cbaitina, on the pemes may also help to make the business shown na the surplus senate over fiabilities.
grofitable ons
A valuator was called in to plzes the motion of Be Wicking, terminated the various sasste at their proper value and they meeting.
the n acoutato org disingenuous nature against the una further reduction of capital the proportion The figures word as but by the rotore to
of misch reduction should be altered, because
The recond ordinary yearly mosting of That it is just pessible the Executive are the proportion the Commities are advised
this company were obtained when the co not parucularly pinned at the wins delay give the owners of
fally paid ap
and were previous shareholders of this company was held to paid up shares a try was first
the first opened
ontore among the absets or that has been used by the thorough larger shero of the profite, if there ahuldly wither not
chamber where the moat can be kept until present:-Messrs B Layton (presiding on the crop. It seems exceedingly. analysis of the Hatimuntos this year, but be any, than herololors,
CATTLE DEPOT FXTENSION, $10,000, itio
is sent into the town for sale, and to have paid up ware valued by the valuator for the purpose E. B. Abrahamzon, H. L. Daltymple (direc- unfort listes its tee is connection with the
of.
As to the future tura), 75
The Surveyor General, in answer to the whole place fitted in a perfect manner, of that kind should have led the
Sharp, H. one estiuates in this
should have been so sadly out. I think some of working the
O. F. Harton, E. A. Carvalho, shamson The chief cause of the thres sheds for cattle and very frequently
henidos which the drainage of the slaughter. of A. of the ecrany, Aging Governor and his Colonial Secre-
overal questions, said there were at preset house will have to be provided for so that F. J. S. Perry and F. Hallward tors was the bad health of the employés. tary to fasten odium on the nothicial
the suggestions of the committee will lead melabars.
to placing the company on a better footing, (Secretary)."
carried out I have every bulief and when
The Chairman suid-Gonilemen,. I am
Me Wicking-Still, I think the difference third of the cattle could not get in, son nuisance shall be eased to the nigh it was proposed to put up a fourth shed.
cbourhood The estimates also inolide tho Flint
that we shall be able to show a balance on sorry to say that owing to unavoidable between 810, 100 and 25,000 is viny serioue, All the cattle destined for the slaughter water supply; it is very important to have the right side of the account.
causes the report and
ing the matter.
were kept In your
The Chairman then provided the adoplata and
thero til clean, hands; but
; but it is
CUDKONNENCO, perhaps of less
Me J. J. Konvick-Is it not quite pe for during the past year or so there have tion of the report and its
several
of the Shareholders. Mr Wicking secunded, and the motion mectinge
sible Obinero casitler the affairs of the Company, which
engaged in the trade was carried unanimously,
The Chairman-The other formal basis of those sheds without sfactory ness is the re-election of dircoters. Mr
there is no reang why any slight irrita. other shares are but fait as long as the stood at a quite nominal value, and then it the Hoogkong Hotel. There were that lie expected we should realize £15 eating of the Finance Committee yrateria propened to provide a refrigerating ·
tion
to allego the Select Committon was proposed by the nudiciala with the deli- berate purpose of making the discussion secret, in, on the face of it, an absurdity, and is
thesu who make it, unworthy
Finance Committee ent in That net so long ago, and the beltet Cuamit ne might have been made as
the acting Guvertes. innde talkinghorne on this cesarion- for reads.
། This will be evident from the following
ia doclared.. saya dividend of 4% 42 on a fully paid up share of 8100 is 84.
DD A share
But paid up in 82, whilst on the reduced bare,
4% on 880 gives
$3.20, on.$34.gives $1.211 and 1% on. altering the proportion of profits for the respective shares.
Mr Wicking-I-mast reiterate once more | pany" kave been but counts of this Cam- † although I think it will do no good discusshouse were sent to these sheds directly an ampio, water supply to keep the placo
the complaint mado at laat meeting. The atove figures show that in order to When Mr Abrahamsen was naked where make the fully paid up sbaren and the shnte an which $50 only d'e paid up equal the nut u latter to 840 motoad of $30, The Intter While
unir.
Wicane 430,00; were he said it was ford
short line in
open as the Council by a muro word from formor must be reduced to $30 and the by writing in cash but a profit adfortunately have been and still continue
That from your auzzinary of the new Gam-
bling
Ordinaten it would appear that the so-called clubs will have a lively time of liquidation. That perhaps no respectable resident will regret this, as the harm which has been and is being done by these houses is io- calculable.
That
|
the
value of the property.
P
the va
The Chairman→→ Of course; all theron- dors did so.
Mr Wicking-Yes, quite so, but I bubation the period of bees. We have bebalf in there circumstances. scriptaral authority that no man can serve twe wasters.
at-
Mestra
|
of applying o
the colony with food make the
* paying any adequate
it is
the
in
The
Bum
The Colonial Treasurer What is the slaughter-house or the der 6te.1. principal part of the expenditure, the
Mir Chater I am given to understand
avory romunarativo undertaking. The Acting Attorney-General-in tha in investigating the affairs to be of a very anxious and unsatisfactory T
tovente sidud of the estimates the income is That the question of publicly na bron would then to liable to further calls of 840 | of the amongst other things: polyre; and at the last extraorty general | Stokua nd myself retire but offer ourselves for them rather time be put to the ex
title deeds and other doesments per meeting hold on the Gtli October verg für re-election. Ir Stokes is at present in pense of houting the cattle elsewhere?
The Surreyor General No, I think not, put down fen the slaughter-house and Bitorg Assets of the Company.The assete na pertaining to the Campany's pre-party and to full statement of the position was put before England but will be here in a couple of becanso, although the charge made for ench markets as
03 $75,000. load of cattle is a very moderate one, it was the Covorubat should not at any You
Abrabatason munths or so. The report of Me
Surveyor-General-There rca. is no rea last report are $192,000, after deducting the my anazement I ear that among the ven-
Air Wicking proposed the re-election ef
at that 6xed at gives you details of
view of inducing figure with a to the accounts
son why goodwill, which ought to be written off durs was Mr Stokes Now Mr Stelas betached to t
ra Laston and Stokes. Ae most assets have been written down camo a partner in the firm of Abrahamsen the work and progress of the estate up to a
Mr Porry seconded and the motion was people to bring their cattle there itistond time get more from the slaughter-house,
keeping them in settle already
in unsuitable
because it can charge work. pincea 10 per cent., I cannot see the and Co. and I premme participated in the vary recent date; and I don'tknow that vers by.
mach is to be added to hit at-present.
unanimonsly carried.
diferent. arts of the town where it was Mr Byrie-If you are going to have reason for a wholesals, reduction of further good-wil
On the motion of Mr Gomes, seconded The 1880 crop was very shill in quantity, 20 per cent, or about £50,000 more.
By paragraph the Committee my the
but its quality was excollunt; nor is there by Mr. Wicking, Messre G. Stewart and almost impossible for the veterinary surgeon a refrigerating chamber I should think you Boites stock of timber sight to be writi
much to grurable sit in that btained for the D. H. Mackintosh were re-elected auditors. to make a proper inspection. The charge is will have to charge more.
a low one but sufficient to
to provo re-
The Surveyor-General-There is the site ten down largaly. As 5%, has been wait
interfered with oy the high rate of exchange motion of Mr Wicking. termiantod the is nothing to pravast the Government in set for seconda; but the dollar result was seriously A vote of thanks to the Chairman, on the munerative, and if it is not sufficient there of the prosent slaughter-house, which will
a considerable a ton of already, austher 40 yor sent, should
oreasing it. At present it is lot out to a at which the proceeds were converted. The meating.
Acting Registrar-General-I think cover this case, which moans $22,000 to be
1800 crop, when we last mot, was expected
contractor, who is not allowed to charge the income from the markets is 840,000, written off. Further the Committes say
The Chairman-I don't wish to gainsay to yield fully i picule, but last advices
than two cents per head
which would leave 338,000 as the income dag. per under the same paragraph The Timber
The Chairman I may mention all these from the slaughter-house, Stuck at Hongkong is probably of nestly scripta ul authority (laughter)-but I sub from the Estate, and which are incorpo-
matters are entirely under the Sanitary The Saveyor-General-In that case I as 10 per cent. has already been written oft is hand he wont thoroughly into it. All reduced the estimated
of this quantity
mendation. Wa are simply supporting the very fair rutern. that 16 per cent ruote would raset this the papers in connection with the Company plouts;
10
Mr Keswick That is not exactly the case,about. $10,000
the estimates.
poin
I fancy the committee is cun- every way and nothing has been said till this moment on the point alluded
The Acting Attorney-General-Clause "vinced of the arcessity of having the most to Mr Wicking.
by
of Ordigance 17 of 1887 reads:-' All excellent arrangements for the slaughter. animals brought to the colony for the pur-bound from a sanitary point of view, but hardly within the gravings mit has it is
pose of being slaughtered shall be kept, that does strike cao is that the amount is except when they may be turned out to very excessive. The refrigerating chamber. graze in a properly constructed depot must cust a very large sum licensed by the Banitary Board." I believe the cattle are only allowed to land at certain wharves and then ara taken direct to the depát.
That the icripatetic Manila agencies- you wast Mancolah ticket, sal will have a fair chance of being run in, although their customers comprise representatives of evory rank and class in the community, That it tany beerme aquation whether
have
THE REGATTA.
The following is the result of the ballut
more
Ence Litteries do not come under those the value stated do.' I take it therefore, mit that when Mr Stoken took the mattor rated in Mr Abrahamson's report 600 for Strukos, picking of Crews, Coxswains. Board, and we are acting on their recomdon't think $90,000 ie too much; it gives a
interdicted. That even the popular Totaliter, which works wonders under the shadow of the Jockey Club protection, an Rses daya may be endangered. That perhapo oficial absolution may be givan for the operation of this gambling machine, upon certain daya and hours to be fixed upon by those concerned. That the game of chance so frequently indulged in at bazaars where ladies mest, and in which un ele at of skill can ever enter save the ladies' skili tu securing dollate, may not be altogether free from interferonica,
That indood, prcepting a rubber of whist or a shoot at time bargains in shares, there will be little left to excite the born gambler
That is said impecunious residents are bast-
ing to the Bankruptcy Court to obtain relief before the more stringent law now on the stocks is fairly launched. That by the new law it in left to the diacre-
ontturn to 490 are in the
Vader peras rapt 5, the Committoo re-en to be seen at his office and were cir- fermenting shed. Shipment of a purtion Boals, Stations &c., &c., for the American Sanitary Board in putting these items on
commend to write down the Hongkong Saw Mille by one half, whilst the Directore say in their report, The Mill is now paying ila way & From these two state- mants I deduce, that a medium couree re the best and that 24 per cent. ehould be deducted, besides the 10 per cent. already written off; this would mean another $6,000 to be written off. This gives in all a sam of $38,000 instead of $80,0 0.
As the Committee do uut mention that in their opinion any of the other sesots are overvalued or likely to depreciated, 1 cannot go any reason for writing off at- otber 842,000.
With the other suggestion of the Com- mitteo I fully agree.
I remain, Gentlemen,
Youre faithfully.
CHAS. HIRST.
in
I submit that
to into a matter of that kind,
Br Wicking-I was told by a gentleman who called at the office to see the papers that he pointed out to Mr Stokes at the Cash profit, but Mr $30,000 was not Stokes did not understand it.
The Chairman-That gentleman fortun- ately did not take any shares.
Bir Wicking I beg your pardon, I was told that he did and sold at a profit.
The Chairman-Many people would pro bably have been wisar had they done the same. However, this is a matter of two or three years ago.
Mr Wicking I was not aware of it at last meeting, else I should have mentioned
it,
and
s sum of
T
and German Caps:-
AMERICAN CUP. Station No. 1.
Victoria.
Reze.
2
Ough
Station No. 2 Leok. Stickley (stroko) Oliver Gobby Thompson Caldwell (cox)
Station No. 4 Thistle.
Hendersca (stroke) Jackson YouDg Walter
Boyd (cox)
Station No. 5
Skott (stroke)
Buer
Taylor
Sampson (cox)
of this should take place in the early spring and be completed by end of May. The cost of working account a certain of the crop is great, but of the amount at proportion, say 320,000, belongs to the ex- pauditure on 1831 arop; but against that we Stephon (stroke)
it must remember is estimated a
of Wadman about 812,000, must yet be spent to finish Sample
the crop. and ship of leaf is reported to be good; t
The quality of the Mackintosh
the weight is
is Stopani (cox). light, which means,
hich means, I aut a tobacco of a Station No. 3 finer texture and con
consequently of a
of a high value. I can only hope that this may be so. Puits, W. I. (stroke) For 1801 orop 160 fields have been filled. Garde Will
ard to the negotiation which we Duncan regard were empowered at the meeting of. 6th Potts, G. H. October to enter into with a view to Frederick (cox)
with Company amalgamoting
others, I this regret to say that so far nothing definite has been arrived
communications at bai are still going on, we hope that some- The Chairman-Will you propose a rothing may yet be arrived at by which this of a dividend of 50 cents in the dollar, and and it must rest with the shareholders lution The question before the meeting
is the kuma bankrupts do not relish this idon, whether they accept the Cornmittee's re-
may find capital to work the jali.
is found, estates, for unless some money is commendation on bloc or with some one propose that?
Mr Farlane-Is it necessary to adopt the and that soon, the estate will have to ceasÐ
work altogether. report 1
It is very disappointing The
should London Company in
Duer (stroke) have lung fire so long, but as you are aware Wadman ânancial affairs have not been favourable for such enterprizes. Our last advices still Potta, G. B. hold out some hope, but it will be evident Young
Stopani (cox) that the embarrassed state of our the to you
The ac of delay.
Station No. 3 courts are made ap to Sist October
Thistle. finances will not admit embrace a period of thirteen monthe. We Duncan (stroko) considered it butter to get the igures as Oliver near data as possible, and I may tell you Dalby that our position is as nearly possible Butal
We have today a debit balance Frederick (cox) thus,
$ 2,305 Debenture Debt
14,640 5.000 London Agente
ti the Julge to insist upon payment) The points-sro worthy of consideration,
adoption of this report'; will some along with the Laman and Songei
Thal in the Straits Settlements I believe modification. I may say that the legal steps wholehairman You can adopt tho re- that the scheme proposed by Mr Staker!
That
absolute
the 60-conk stipulation is a fixed rulo of for Reduction of Capital will prove rathor law, and is not left to the discretion of ! expensive and unfortunately Mr Francis port and then pass a resolution that the for organiz
That may take some little time the Court.
toga into That this quadment has been found to be who was one of the tarestigating com carrying out of the recommendatione bo
harsh and inconvenient, and in emitted, is away just now, and until his loft to the discretion of the directors. once it in quite conceivable that it would.com
return we could not weigh chess points as Mr Parlano-The last clauso save a call be
su; but where the power is left to the carefully as we might. Regarding this sub of 910 will have to be made. In this a Cours is clearly a wholesome and
necessity, because in the present to to say, as this s jeet I have nothing further to Lood
rate,
whether the share-state of the company a necting is called to say
the calls will not be paid proportion of perhaps the Athletic Club is to be halelers shail adopt the report or not.
The Chairman should hope they congratulated upon the aging of the Mr Wicking...I think, Mr Chairman,
g-nei-cheong vate for improvements, this rautter of the return of the 270,000 would. It is quite impossible to work ang although, as Mr Keswick put it, thene
be looked upon as concluded, the other business with no cash in hand. I will not may
At
it is menu a large expenditure of r money.
is impossible, but matter, the reduction of the capital, may That, except the sanitary moiety of the stand over for some time at the
discretion
very great anxiety. At the pre- sum to be expended, the obstructionists:
f the directors, as it would cost a consider sent moment-there is no loose cash. who objected to the grant in favour of able amount and we have no money to ex during the past month 7
Mr Fonwick-Has no timber been sold the Athletic Club ato tuairly responsible.
regaid pend on such proceedings. With That the Commission to consider the quate to the report we made I shall be very gisid
tors' difficulty has brou silting for some
it in detail how we it and to go into
explain in tims, and I believe they purpose to apply arrived at the figuros, nad I think I shall past month. thefr
powers first to Wong-rei-choong be able to satisfy the shareholders that we were accurate in our conclusions. I shall
I hat
be very glad to meat Mr Hirst and go int
it
say matter of
a
months there has--possibly during the The Chairman-During the past six
and
Paper money & Sundry Creditors 3,500
825,300
torney General ( I mistako not), and ton of the value of the stook. Wo have of preted much more from him as to our the negotiations present pojut, and if !
The
Chairman-I don't know thats ho
and
of
Sandakan,
GEEMAN CUP.
Station No. 1 Kornblume.
Station No. 2
Shott (stroke) Ough Lucas Bomanjue Sampson (cox)
Station No. 4.
Leek. Thompson (stroke). Sample Barff Taylor Caldwell (cor) Station No & Rose Potts (stroke) Cobbe
Welter. Mackintosh
Boyd (cox)
CORRESPONDENCE.
The Surreyur-General-The proposed new slaughter house. will be very different from the present one, which is certainly for 100 small for the work that goes on there. The Acting Colonial Treasurer And It will be aufficiently large to allow for an there they are inspected to aso that they increase of trade; and the same way with the sheep and cattle depota, they will ba laid out on such a scale as not
only to meet sho prosent but any probable increase in the
Whithead-I move
are it for slaughter.
The vote was agreed to.
SLAVORTER-HOUSE AND SKEEP AND FIG
DEPOTE.
future.
Mr
that The next items was Slaughter-house and item abend over until further information Sheep and Pig Depote, estimated total cost has been received. If it comes to a question $90,000; notimated expenditure to let of amount I think it will be very difficult December, 1890, 65,000; estimated ex- for me to vote if the amount is challenged, readitore 1991, 960,000.
If we are called upon to say whether the work ought to cost $10,000 or £60,000, I shink we ought to have some plans before The Surveyor-General-They fred on
us and the requirements of the Banitary the amount of accommodation before my Board. It is
Mr Keswick This seems an enormous
sum.
Rrrival. The number of sheep and pigs, Committenssible the members of the
especially pigs, is great, and it will be a very large depot.
when they see theis may come to the conclusion that, although a large sum, it is a reasonable-out.
is reaso
Mr O. P. Chater-That hears
out my
The Acting Colonist Treasurer-It is unnecessary to have a depot for pigs, sure-contention that votes ought not to be asked
ly.
of
The Survepor-General-Thore is a very voluminous correspondence on the subject going over ten years. In the first place, pigs are kept in places whore they cannot be proparly inspected, but the chief cb jection to the present system is that they are stowed away one on top
another, and it is very desirable to do
something from a humanitarian point of view.
The Acting Colonial Treasitrer-It is on heard ship they are atowed like that.
The Surveyor General And in the do- pats also.
The Acting Attorney-General-I have seen people walking over them. I thought
for until the plans are decided on and ten- dera recolved. The item slanghter-house
i
p
put down, but we don't know what we are called upon to vote this large sum for. I think if these matters were brought before the Public Works Committee in the first instance and then before the Finance Com mitten, ire would get through the work mah batter.
The Surveyor General-That would be the best plan probably, but this partienter vote has been discussed from year to year. Mr Byria-How many piga ara alaughter. ed? There have been various statement.E to the number.
The Acting Colonial Treasurer-Eighteen
I think
it had been provided for years ago, the hugo Kal-1,829 a day
matter was so strongly represented in 1875 and 1870.
The Surveyor-General Mr Granville Sharp wrote to the Government. several times drawing attention to the subject.
The Acting Colonial Treasurer-Yor Mr Ho Kai-Oh! no, not think.
many, I
It was then decided to postpons the vole
In the depot they would not be kept in until the information asked for was re
cartaio
cages but
Mr.
Quotations.
HONGKONG, December 8.
ола
That at the same time it strikes an outsider tions taken by the directors to pre. money should be coming in. Bas not our company to put before you, but the circum! would be wall, with your permiso Kai-Then it, is a Temeunorative OPIUM-New Patus, oath,....... 4027
Inan
That
and
I
120
Kol the withholding of leases, at at Kowloon, and it appears there are That in the report of Mr Abrahamson on worth the freight. Then wa hare the to see a call-I mean in order to carry it kuuwe, bad any idea of Thes to have biloo Committee to alart a list looked upon as a very profitablo invest- |
vernment.
Memnon
nen on its last trip bringing here some
to mid. think some explanation of this is very greatly needed,
the East Borneo Estate, the word Exton or twelve loge that are rotten from ond perience is printed with a capital E. That I am sorry to see by the Police Report that the Marina has been drift. ing.
BROWNIK
THE CHINA BORNEO CO., LIMITED,
B. Layton (presiding), B. L
ral
0.
to
The Chairman-You are quite right. Some explanation is daa, but it is difficult t explain it
It is only a little time st once.
tendance &c
have
are some
Mr Chater-Then do you abandon the present slaughter overal-
The Surveyor General-When the new ono is built the old one will be abandoned.. Mr Chater You would got something for that
The Sobably:-Y.
The Acting Colonial Treasurer-Is the work commenced yet 7:
cash.... New Benares, cash, 480 Old
caab, 481 New Malwa cash,.. 300 Allowance, Thela... 24/40
Old Malwa, cash 510/590 Allowance, Tacle.. 10/13 Persian, Oily, sanh, 450/480 Allowance, Tacle, 32/48 Paraian, Paper tiad 475/500 Allowance, Tasle........., 60/UG -
Exchange. HONGKONG, December 6. London -
Bank, Wira,...
>*
On demand,
1- 30 days sight, "
4 months night,
215
324
* 3/4
Uredila, Documentary, 4 months' sight, 3/5) On Paris
Mr Fenwick-Thers must have been some Against_thia, tho value of the Village
$12,000 1800 Crop, less IPENIS. money coming in. the Ordinanca giving the powers to
The Chairman-Yus money has been com-We have had a very anxious time to find the
Board down for a third reading at the details with him. I made a great many
ing in and going out.
fande for the Company, and it has boop due De Foawick-Me Abrahamson hos bconto London Agents that any monies have next meating of Council.
notes at the e meetings, and I think I can ea
THE PROPOSED JUBILEE ROAD, Tust the Board consists of a Judge (artify you that we are pursuing a prudent present at three meetings now and lina given buen forthcoming to carry on the work of
Justico Clarke), Surveyor General, At-
To the Editor of the CHINA MAL con-80 in recommending a wholesale radac-s very little information indeed
1 ex-the Company to the
at present going 단 Call
flongkong, Dec. 6.
in pens. After they arrived at ceived. Registrar General, with the Latr Officer course
wing what is the business at Sandakan. course no means of knowing
Sre,-I am glad to see that the sug the deput they might be kept a the Company must cenas to work through, as Secretary
position of our affia in Sundakan as r That such a Board ought to be able to deal
shortly, the time will be to much approval. Your morning con in proper pone. fairly with the claims for lenses or for fards timber, but I am told that recently, knows very much about what is doing at a wind up its affsira, and unless we boar gestion of a 'Jubilee Road has mot with number of days, but they would bo`kept |
vers In fact within the last few days, a portion
past fo
At Frug planting for next season. temporary, however, is one of the few dig Mr Fenwick-It seems, so far as can be
Mr Ho Kai-Don't you make a charge? compensation, need not be seriously of a cargo which arrived here from
Am sorry that
in auch an un- there is Very
The Acting Registrar-General-Yor. septiente, I have heard and some of his questioned, more capecially as the Chair Sandakan, is rutten from end to end, nade out, that our sawmills at Sandakan are satisfactory account of the position of the statements are open to argument, I think
(the Judge) has a casting vote.
27 this in spite of all the precza- being worked at an immenso proát, and comp
that Alancea hare been so often discussed to ventilate them. He says
The Surveyor-General-A sufficient fee sub. as unwise that there should be no appeal vent the shipping of such timber.
What
bank overdraft been reduced within the amongst us that
think there is little
scriptions
riptions would not flow in for such a should be charged to pay interest. either to the Governor or the Fall Court,
more to be said. I can only regret that purpose. The beat way to test this point Tho Acting Registrar General When question
ought to be put ia Council could be more discouraging than this? past month
Tho Chairman--I believe it has been. I dava a report an regards the wood
tobacon-growing acema, such a very ex and also the scheme's popularity would be this was before the Sanitary Board it was Mr Fenwick If the business coutinnes pansive und
undertaking,
more so in fact than
for tho already promised by the Qologs visible that are quite unfit for aalooying as it is at present will it be necessary anyone, even of those who
end iperta promisea subscriptions if the mont
of me scheme is curried. on as it is at present?
Mr. P. Chator-It is a very advis items in the accounts in regard to which As
The read
not being a perable move, especially na itomes from the The Chairman-I think if we could get remarks have been made. The item re-sent
ant factorial, I can only point, te Samiary Bar, but I think the items of some money it would be advisable.
Mr Wicking. Would not a smaller call do?
ferring to the engagement of coulies, amoon- the Kennedy and Bowen roads, which I $90,000 is very high indeed. ting to
to $7057.84. in one. This amount is think are fairly permanent menioriala to The Surveyor-General-That includes Tive dollars would; give you $35,0001
arrived at in a perfectly satisfactory those Governore. I don't think the Jubilee the site. We are taking away the hill aido The Chairman-The curious thing is that for us the account is concerned. It is a road would be more likely to be misnamed and reclaiming land formerly of zo value, the Committee recommend a cail of $10, ago that I heard of it. I should be glad to many of the shareholders object to pay it, for Borner is perhaps one of the greatest Aberdeen sonda, the names of those two
Mr Fenwick-We du ndroosts it, but very large expenditure, but quite una than the above two. As it would only be in fact we are making land for this par- On voidable. The engaging of Chinese labour the road connecting the Shaukiran and poss give the foformation at enou, but it le tue and perhaps many of them can't pay is difficulties wo have to centend with thero. roads would not need to be changed any possible. We
Wo have, however, written for Perhaps a smaller call in the meantime Another item is that of medical at more than the part of the Queen's Road The adjourned antal meeting of this explanation with regard to the busi. would do..
Mr
amounts to which company was held tu-day at the Heng.
Mr Gomes--I don't think they would pay That also is a very large sum, bat
to $4,000. which would form part of the chain,
it With regard to the sad only being us. kong Hotel. There were frosent! Mere Be before us I think it would be best to-
20,000 any calls with the present manager in includes the feeding of coolies who were ill, ed and enjoyed by a comparative few,
Sandakan, because they would think it L Dalrymple, let the directors have thusa T. E. Davies, E. A. Solomon, D. R. Sageworth of shares cancelled as soon as pos- would go the same way as the rest..
large number of them were, and Jockey's comparisons with Singapore sise medicines and so on. That is also and Shanghai should be conclusive, that The Chairman-As a if soon (directors). E. E. Abrahamson (Geno- sibts and leave it to their discretion to re-
duca the
of the paid up capital Manager)
rind, as they may this
the company at
you take the accounts you alter of fact is an unavoidable expenditure; we must the natives are only too ready to avail J. Hirat, S. A. Josephs later airman-I understand your sug there is, indeed, & surplus of deal from sickness last year, and in that natives drive out by
think beat.
doctors and we must pay for them. themselves of the benefits of good S. B. J. Skertolley, W. Parlane, N. J.
The Surveyor-General-The work is well Company is
perfectly solvent, and that The coolies unfortunately suffered a great roads. In both the above, places the advanced. Kobinson, J. S. Parry, H. Winking, G.
considerable
the hundrede, U. S. Sharp, F. A. Gomes, A. B. Restion is that on the $70,000 being re- Fonwick L Darby and L. Hallward turned the question of the further reduc. assets over liabilities.
The Chairman-Do you think you can hare your Johnson,
and country we have no guarantee against the
would
doubtless they
the same hare spend 660,000 next year 1 tion of the capital of the company in left steamers, launches and
the money
if they (Secretary).
'same thing in the future. There are now i had the
opportunity.
The Survayor.General-I hope so. The less in the
the hands of the
16 mon ja
At the present tino Bongkung is shoul mattor has been so long talked about it is. which we don't wish to Bell. At the
further that I need refer to meeting is called in accordance with the resolution passed on the 22nd November, un as it is possible to do so,
Mr Wicking-It was
revenge. I inherited the project the investigating
questions committas
WAS from people's
COROT." and during the fortnight that hor
elapsed ne
cerit, he acounts, but as you have ex- Increased pi could doubles be done very continues
shall confer with them suggested that a call should be made. and we considered the Report on this
cannot underst have no doubt of the Committee you appointed to go it is our intention to render a half year), I doubt that the trouble in matter.
Mr Wicking-There is not the slightest plained them so fully, I think it now much cheaper. In Shanghai the set of an how the necessity can arise of spending biay
ulao say it the working of th
of the Company, and I shall be 15
We are certainly in an afternoon drive for a native is very small, such an enormous sum an $99,000 for the Berount if
When the company possible.
oney would be in Mr Ar glad to hear any remarks any one may care
but I daresay We who
that to but still there are many Chinamen there accommodation of sheep and pigs and the Your Directors was started the accounts were a very longagement. There is a want of confider cour
82 for a drive round the Well in slaughter-hogae adjoining Luk at the Gold Leaf, 100 bro...... Alarga extent in him. tima in being arranged, but the books are
base had
ten, onuses the we have had peory living Sovereigné (Basso buying rato) 1.40
and Mr N.. J. Robinson- great deal has to
for it, and I to pay dearly
daresay are as rich patires here as there. It is a keeping ench
Having duo regard ench depo's son is in communica
Rin
inabeger. Why nut ยย
will be able to reap the fruits of our e
Our expe
* Road making," as the Daily Press that coal very little.. For 30,000 you might what they will be from
quire into what we are worth.ant what the shareholders of the present Company will very properly sage, is essentially Govern build a
palice. have
observed another year to waiting
Mr Fenwick--I would ask Mr Abraham. be disposed to subscribe maro capitel.ment work, and the Road round the Island mark made by the Surveyor-General to the Nither the Captain, the Agents, nor
Mr Gomes-I think the
but if it ie not effect that the Jand
which these satisfactory.
While & heer.)
the done as a Jubilee is in this very
tinteads to
to make, he thinks the peculiar stats have received a letter from shareholder Company 13 in
business will pay
beranse of of the company, present position of
to be little chance
ance of any one at prezent in claimed or excavated from the hill, and Crew of the following Trasele, during commenting on several of the Committee's the oftener accounts are presented the
it will
think the course they are away from the pines where the Colony aver seeing it. What we want that that was because it was cheap, but if their stay in bonghong Harbour Mr Abrahamson---I certainly t meet.
the should be's
gar besiness is carried on, but I think they is the Read now and I think you will this sum consists chiefly of the money apont recommendations, and I shall be glad if he botir. I think
balance គូស កម
L. HAGEN, German barque, Captain Otto the shareholders to have & of
side. will state his views to the meeting or if he
better advised by their find that the public wil be willing to pay in excavating, los led it is very quarto Busch-Wiser & Go, been to have. Mr Feawick
ought reminded the half yearly weeting prefers it, I will read his letter.
about May. We shall
deed. Although I have the greatest respect. that the balanca માત krow
the payment for thair to be attached to, irim for keeping us in good deal more about the gotdal
at ouse. amount to get the boon
LOTUAIB, British batque, Capt. Thos. G.. Hongkong, Des. 2nd, 1890. position of the company then at the tobacco land would have to be paid in Jums ignorance of the state of the company s There can be little doubt that the Board it is not desirable, as | view it to
Souuer the Road is made the bolter, an ostry out these schemes in a very expensive Moped, American barqueatine, Capi, P. Borned Company Limited.
now is that Mr Wicking should make guine about getting an extension of the
later it is left the more diffoult it manner, because the colony runot afford Bosch-Soy Chong, but Gentlemen, The Report of the Commit. proposal on the lines of his suggestion and
time for payment. It had already been extended once, but he seemed to think he point on which 1 think you are wrong. It
Sr. NICHOLAS American ship, Capt. 0. of e not today that we have acertained the Some the present roads are already other Way to
meet the meeting to report on the position of the meeting. Mr Abrahamson, however, would Company, hes before me ; as I differ in an like to pay a few words in relation to one of further extension was ret has been a matter of great concern to us iuxtance the Shaukiven Road where it to spend 880,000 for depots of the nature veral onential points from the recommet two points,
passer the Tai Koo Roinery. The road ral rred to appears to me really very gread dations made I beg to lay my views before
Bot
the land at 82 Mr Romer-Ve
Yes, but that was long after should be made as wide as possible, (bow oriravagance
Per 8. 8. Arration Apeur, sailed Calculia much better it would have been if tha The Chairman By low mach would November 19th: For Hong kong, 510 chests cannot see any I am pleased to be able to inform you that, This was a matter ought to be locked itacif If we had had the information before
present bat imaginary benefits in reducing tho caso far, my efforts to itduce my co-vendors
into very closely on ht
the width when it was first planned, for to Mr Kenwick For any such work as 101 bales Coston, 150 bales Cotton Yarı,
The
mure or
directors,
la locked
mille ch
ini
do
The Chairman said-Gentlemen, this and that they will go into the subject sell, and this property, which we can't
aame time there is no loose money in hand Anythingpital. I don't think there the most expensive place in China to keep very desirable to get it finished, so as to and that is the reason why the Committee Chairman, to ask a fawy intention, Mr nonies, and this puts the luxury beyond bring in »*
yu
to make regarding same.
Mr Abrahamsen
I
บ
still
unnecessary,
Hunfortunate pould not be
aud
with
the
my
M
by
have to inform you that as reperate new ia far better order, and I think I can I beep asid about a want of confidence the Company which takes over the business notable fact that the only Brougham in 'to proper and humane trostmant of the Roth the partners in his late firm as to accounts from June to Desember this year... a man down there from Hongkong to in- riesca. At all eveuia I don't think the long for hire in constantly used by dumb animals, des put them in theda
tion
to say that about May next we shall have the cancelling the fully paid up shares gested by the Committee, and there is little
ares as with a
sketch
of
you,
instead of
the
Dar
On demand,...
4.27
Credits, 4 monthe night, On Berlin
On demand, ...
3.41
On
New York.
On demand,...
Credits, 60 days' Right,
Ou Bombay
2204
On demand,
221
On
Caloutta Wire
2201
On demand,
On
Shanghai
ra demand,
30 days' sight, private paper, 721
........831.40μi tuul
Wired
Not Responsible for Dobta,
the re
Onmors will as Responsible for
doubt but that the vendors will meet mary to the following March, to lay he- | future of the company is likely to be i absreholdera wishes in this respect, and lays a mosting. Ithink that will be much on if; when he has made the redactions Hongkong are not at all responsible for will come sooner on Ister, there appears depute are to be, constructed has book to any Debt contracted by the Offisme er
therefore that portion of the report may
be considered as accepted. Ths Directors
3
shareholders Sandakan manager. I think thero is blame (in the forci of subscriptions), a modernto the recommendation of the Banita Evans-Gibb, Livingston & Co.
The
for
to and some
To the Board of Directors, The Chins praecat time, What suggest an advisable next, Mr Abrahamson seemed to be salto Chairman-i; may say there is one probably be to get the requisite ground; it, and it ought to be phes of the Sani tes, which was appointed at the annual that would conclude the business of the coald gat it extended two or three position of the company for the first time; uncomfortably narrow in places, for tary Board and the dedetaitles of tho once, Carver,-Douglas, Zapraik & Co.
you,
they
21
IMPORT CARGOES.
Mr Abrahamson said-With reference $30,000. De able to pay the since January-Jabk," Reduction of Cavital Tonto the $70.000 balance of good will account, an acre and it was now worth $5 oz E. the company was in a position to tetrieve Queen's Road had been made twion you more that the vote be reduced? Opium Patna, 2015, chosts Opium Benares, Mr Wicking then proposed that the di. He might have been able to do beiter tidon it now is next to an alter im that I should think the colony could be balee Gunaios, 946 bagn Saltpetre, 1,000
pital after the return of $70,000 paid for to give up sufficient sharer to wipe out this the good-will. The capital would then account have been successful. It inuet retors cancel the 870,000 worth of shares stand at $382,000 might point out that easily take some time to capsult those returned by the vendors and that it be left to capital of $267,000 is only about 15 per last meeting regarding sumo 310,000 which the matter relating to reduction of espatul cant, and that other companies in starting has already been written off good will ec Mr Fenwick seconded and the motion hare suffered similar losses We have count. I think we must bear in mind that was unanimously carried.
bare done.
The Clafculin-Quite fight.
and
the loss sustained of $10,000 on a paid-up | at a distance. Retorence was mando at the the ducretion of the directors to deal with for the Sandakay manager to tell you what for riding.mad would be from times. I can hardly wagine an open shed Rattans, 105 slaba Tin,48-baskets Bugar,
Mr Abrahamson. It was quite impossible the other half being left all metalled well supplied by spending $20,01 Gesin Broken Rice, 208 Sapers, 000
as a soft road should be an open shed with a good floor so 1,197 bags Mangoe Bark, 4 bag news stop that it could be properly cleansed at all 3,593 bags Bean, 560 bags Sugar, 350 plouls
bags Estelauts The benefit such a milltary point of view needs only to be coating 820,00,
818 basketa Hide Catlinge and 1,181 page, hinted at, and should the proposed porpa
the crop would be. As a director and agent
in Sandakan I must say it is due to the manager that we have done as well as we
The_Survopor-General-It has beau Euadrica.