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Desember 17, 1896.1
EXPORTS UNDER THE ARMS AND AMMUNITION ORDINANCE.
Hồn, T.-H. Whitehead forwards for publication the following correspondence -
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Hongkong, 5th December, 1896. R. C. Wilcox, Esq., Secretary, Hongkong
General Chamber of Commerce. Dear Bir-Referring to His Excellency the for's letter dated 12th ulto, to the senior unofficial member on the subject of the Gap Lighthouse, special dues, copy of which letter I handed to the Committee of the Cham- ber at the close of their monthly meeting on 21st ulto, and at which meeting the members present unanimously decided to publish the Governor's said letter and to republish the Chamber's letter of 31st July last to the Governor, I now enclose copy of my letter to
be Governor on the subject, dated 2nd inst.
1 further enclose copy of certain correspond ence which passed between the Government and myself, regarding the question of which I gave notice at the meeting of Council on 5th August last, and which I asked at the following meeting on 3rd inst. The question was- ***** Will the Government inform the Council whether the Police Department continues to furnish the Imperial Chinese Maritime Cus- toms with information concerning permits issued for the export from the colony of arms and ammunition P****
A copy of the correspondence was daly oir- culated by me among the firms interested in the trade, &o.. I am sending a copy of this, letter and a copy of the latter correspondence to the local Press; for the information of the members of the Chamber and of the public. I am, yours faithfully,
S. H. WHITEHEAD.
Hongkong, 5th September, 1896. Dear Sir William,-
At the last meeting of Council on 5th alto. gave notice of the following question :-- "Will the Government inform the Council whether the Police Department continues to furnish the Imperial Chinese Maritim Cus- tome with information concerning permits issued for the export from the colony of arms and ammunition "
CHINA OVERLAND TRADE REPORT.
lency will see that no possible benefit can accrue to this colony from such information, but possible inconvenience and loss to trade, and that it is entirely opposed to the principles which have regulated public policy to assist in any way the collection of the revenue of a foreign country. May I suggest that the in- structions given to the Police should be limited to cases in which there is reason to believe that the abnormal increase in the export is furnish. ing supplies to rebels against the Chinese Government. Yours very truly,
T. H. WHITEHEAD. . His Excellency, Sir William Robinson,
K.C.M.G., &c., &o., &c.
Hongkong,
Colonial Secretary's Office,
9th September, 1896. Sir, I am directed to acknowledge the receipt of your letters of the 5th and 7th inst. and to inform you in reply that the course suggested in the concluding paragraph of your letter of the 7th instant, with resepet fur nishing information to the Imperial Maritime Customs regarding the export of arms from the colony is that which is now being followed. -I have the honour to be, sir, your most obe- .dient servant, .
J. H. STEWART LOCKHART,
Colonial Secretary.
Hon. T. H. Whitehead.
THE NEW BALMORAL GOLD MIN- ING COMPANY, LIMITED.
On the 14th December, at noon, an extraordin- ary general meeting of the shareholders in the New Balmoral Gold Mining Company, Limited, was held at the offices of the General Managers, Messrs. J. D. Humphreys and Son. Mr. Hart Buck presided and there were also present Messrs. W. H. Potts, J. A. Jupp, Creasy Ewens, G. R. Stevens, E. G. Kelly, T. F. Hough, E. K. Chandler, A. G. Stokes, S. Rustomjee, C. G. H. Potts, J. R. Michael, W. D. Sutton, A. Georg, E. Georg, J. S. Hagen, H. Humphreys, H. Mancell, and W. E. Clement.
The CHAIRMAN-Gentlemen, this meeting has been called to pass the necessary resolutions to enable us to raise more capital for the working of your mines. After careful. con- I shall be very greatly obliged if your sideration, we have come to the conclusion that Excellency would cause a reply to be furnished the method we propose to adopt is the only one without waiting until the opening of the next likely to be successful. You will notice by the session. I may mention that I gave notice terms of the first resolution that it is proposed of the question on behalf of the German firms to reduce the value of the ordinary shares who are interested in this branch of trade. from $8 to $1, and by the second resolution to If the reply is in the negative, as I have increase our capital by the issue of 75,000 pre- reason to think it will be, it would be a ference shares of $1.00 each, 50,000 of which will distinct advantage to the firms to now have be offered to the shareholders, that is, one pre- the information officially, so that they could ference for every ordinary share held by them. give the dealers an assurance on the point. We are pleased to be able to state that with regard apologize for troubling, your Excellency, to any of these shares unapplied for and the re- but I hope I may be excused under the cir-mainder of the issue we can guarantee that they cumstances. Yours very truly,
T. H. WHITEHEAD. His Excellency, Sir William Robinson,
K.C.M.G.
6th Sept., 1896. Government House, Hongkong,
Dear Mr. Whitehead,
The answer to your question is that the Police Department only gives notice when there is an abnormal supply.
I will tell the Colonial Secretary to send you an official answer. Yours truly,
W. ROBINSON.
Hongkong, 7th Sept., 1896. Dear Sir William,I feel very much obliged for your kind note of yesterday, and note that the Police Department only give notice when there is anormal supply. I recognise that there may
ions when, in the interests of peace,
good government in the neighbour- noes, it may be advisable to let the uthorities know that there has been increase in the export of arms and from this colony, but this can only When there in rebellion or armed
ces on the mainland. If the notice is assist the Chinese Government in of revenue, I think your Excel
will all be taken up. Our latest advices from the mines are to the effect that everything is going on satisfactorily. At the Queen's mine they then had 220 tons of stone at grass, and expected to commence orushing the following week. The general work at this mine is going on rapidly and appearances continue to show improvement. The present indications at the Grant's mine are also of a promising nature and in the drive from No. 2 tunnel show that they are not far from the main wall. I will now propose the first resolution
bares
(i.) The holders of such prefere shall be entitled to receive out of the profits of the Company as a first charge a cumulative preferential dividend at the rate of 12 per annum on the capital paid up on such shares respectively.
Lā
cent
(ii.) Whenever the profits of the Company in respect of any year shall be more than sufficient to pay the preferential di aforesaid to the close of such year and also a dividend for such year at the rate of 12 per cent. per annum on $50,000, the capital of the ordinary shares, the holders of the proference shares shall be entitled to participate in the surplus pari passu with the holders of the other shares.
1-That the capital of the Company be re- duced from $150,000 divided into 50,000 shares of $3.00 each to $50,000 divided into 50,000 shares of $1.00 each and that such reduction be effected by cancelling capital which has been lost or is unrepresented by available assets to the extent of $2.00 upon each of the 50,000 shares which have been issued and by reducing the nominal amount of all the shares in the Company's capital from $5.00 to $1.00 per share.
Mr. RUSTOMJER-I beg to second. Carried.
The CHAIRMAN-I beg to propose the second resolution :-
(iii) The capital paid up on the preference shares shall not be liable to cancellation or re- duction in respect of loss or depreciation. ***
That the capital of the Company after having been reduced to $50,000 be increased to $125,000 by the called "preference shares" to which creation of 75,000 new shares of $1 each to... there shall be attached the special rights and privileges following, that is to say
(iv.) In the event of the winding up of the Company the holders of the preference shares shall be entitled to have the surplus assets ap- plied, first, in paying off the capital paid up on the preference shares held by them respectively, secondly, in paying off the arrears (if any) of the preferential dividend aforesaid to the com- mencement of the winding up, and thereafter to participate rateably with the holders of other shares in the residue (if any) of such surplus assets which shall remain after paying off the capital paid up on such other shares.
Mr. STEVENS seconded.
Carried.
is agreed you are in favour of the method we pro- The CHAIRMAN-I take it, gentlemen, that it
pose to allot the shares, namely, one for one. If there is any objection I should like to hear it. remaining 25,000 shares will be offered to the Mr. GEOBG-I suppose, Mr. Chairman, the
public P
The CHAIRMAN-No, that is not so. chance of sharing in the 25,000 shares ?
Mr. GEORG--The outside public will have no
A
of getting them eventually, but they will not The CHAIRMAN-They may have a chance be offered to the public.
shareholders is the 50,000 shares. In the event of Mr. STEVENS—All that will be offered to the
is to become of the residue P any
shareholders not taking up their issue, what
other shares will be taken up; all shares" not The CHAIRMAN-We guarantee that all the applied for, will be taken up.
L
the old shareholders, taking one and a half Mr. MICHAEL-Will you give preference to shares for one f
The CHAIRMAN-The preference shares will be offered one for one.
have applied for more and some have not Mr. MICHAEL-Some of the old shareholders
applied at all.
shares who apply for preference shares will The CHAIRMAN The holders of ordinary have one for one allotted.
Mr. STOKES-Who takes the 25,000 P others shall be taken up. There are share. The CHAIRMAN We guarantee that the holders who are not here and they probably would like to have some, and we wish to do all we can in the interests of absent shareholders. To make the thing perfectly secure we guarantee the whole issue.
cluding the meeting the CHAIEMAN announced There was no further discussion and in con- that the confirmatory meeting would be held on the 30th inst."
The writer of “By the way. in the Japan during the inquest into the circumstances at- Gazette says It is a curious coincidence that tending the death of Mr. Carew there was pre- sent a doctor who assisted at the post-mortem in the Maybrick case. He states that the symptoms in the two cases, as described by the medical men, were almost identical, as I suppose they would be in nearly all cases where persons die from arsenical poisoning. There is nothing new to report with regard to the Carew caso. I believe the date trial has been fixed, but it would take a thought reader to discover that date. The position of juror in a murder trial is not one which mên covet, and it is not unlikely that if the date when the pieces of blue paper will be dista were known some res
important engage
other hand a report has may not take place at Yokoh
At the trial