part of the City of Victoria which is bounded on the r north by Des Voeux Road, on by Becond Street, on the east by ern Street, and on the west by the eastern andaries of Marine Lot 198 and Inland Lot
THE HONGKONG WEEKLY PRESS AND
*** PANNETS.
Permanent way concession, and deed of grant 130,000.00 Stations, Crown leaseholds, and buildings (In-
land Lots 1317, 1332, 1333, 1384, 1835, || 1353, and R. B. Lót 86) Rolling stock
Furniture account
Coals and stores in band
December
HENDERSON seconded
Carried. The CHAIRMAN - A meeting to
now passed will 4. 1:15,888.48 special resolution
time and place which due 22,781.28
159.00 given.· Gentlemen that is al 272.02 thank you your attendance:
Cash in Hongkong and S'hai Bank $5,404:55 Cash and compradore's orders in hand. 495.62
BThat the Medical Officer of Health and the District Inspectors of Nuisances be antho-Accounts receivable rized in writing to carry out the provision of by-laws Nos. 22 and 23, the latter under the directions of the Medical Officer of Health, who shall adopt such precautions as to the removal of articles of clothing or bedding and other articles as he may consider the circum- stances require.
HUGH MCCALLUM,
HONGKONG HIGH LEVEL TRAM- WAYS C, LIMITED.
The twelfth ordinary general meeting of the Hongkong High Level Tramways Company, Limited, was held on Tuesday in the Company's offices, Nos. 38 and 40, Queen's Road Central. Mr. Hart Buck presided and there were also present:-Messrs. H. Humphreys, J. Orange, JRMichael, H. Wicking, J. Allen, Captain Clement, A. H. Mancell, C. Ewens, and J, Jupp.
Mr. JUPP read the notice calling the meeting. The CHAIRMAN-Gentlemen, I will, with your permission, adopt the usual course and take as read the report and statement of accounts. You will see by the accounts that our year's working has been a successful one, and that the earnings have exceeded those of any previous year; and we trust, and have every reason to hope, that they will continue to steadily increase. I shall be pleased to answer any questions.
No questions were asked and the CHAIRMAN proposed the adoption of the report and state. ment of accounts.
Captain CLEMENT seconded Carried.
The CHAIRMAN proposed the re-election of Messrs, Ewens and Orange as the Consulting Committeé
Mr. H. WICKING secouded. Carried.
Mr. J. B. MICHAEL proposed the re-election of Messrs. Fullarton Henderson and W. H.
Potts as auditors.
Captain CLEMENT seconded.
The CHAIRMAN-That concludes the busi.
ness of the meeting, gentlemen. Dividend warrants will be ready to-morrow.
The following is the report presented to the meeting. To the shareholders of the Hongkong High-Level Tramways Co., Ld. Gentlemen-We leg to lay before you de report and statement of accounts for the year ending 30th November, 1893.
The total receipts for the twelve months, including $16 transfer fees, amount to $44,461.22. After pay ing interest and all running expenses, and making provision for auditors' fees, there remains a net profit on the year's working of $10,136.01, which, together with $1,371.57 carried forward from last year, gives a sum of $11,507.8 available for appropriation. Your General Managers and Consulting Committee recommend that a dividend of $6.00 per share be paid to shareholders, absorbing $7,500.00, that $2,000.00 le written of the value of the Company's rolling steek, and that the balance, $2,007.88, Le carried forward to new account.
CONSULTING COMMITTEE.
AUDITORS.
412.00-
RAILR
5,900.17
The Nanking corres Paily New
lent of the NO
$174,512.95
It seems to have
decided at last to com
sung
Dr.
WORKING ACCOUNT. PROFIT AND L088 ACCOUNT. To salaries and wages .... To charges
$
To maintenance and repairs To coals and stores
To interest
To rates, Crown rent, and fire insurance To godown and station rent, &c...... To General Managers' and auditors' fees To office rent add clerks' salaries, &c., do, To-balance
Cr.
CONTRA.
By amount brought forward from last year By transfer fees... By rent
By traffic receipts for the year to date
mence the rebuilding of the road fro to Shanghai. It is confidently
14:399.81 reliable circles that this will be the firs 1,648.04 which Sheng Taotai will make in 5,517.14 vince to inaugurate rapid transit. 5,212.19 branch is to be commenced at once and has 2,781.51
already had the sanction of the Vicero
736.72
900:00 route from Shanghai
1,360:00 kiang has been surveyed by Mr. 1,800.00, and his associates. The road 11,507.58 kiang to Nanking was surveyed last
the Belgian engineers Messrs. Ma $45,832.79 Delcheraline, who were brought
$
C.
1,371.57
16.00
Messrs. Vander & Co. from the ce
short
of Cookerill. Plans for these roads are in the hands of Viceroy Lin, but the money question 264.00 forms the barrier in the way of commencing 44,181.22 work. The road from Shanghai to Chin
via Soochow is said to be very easy of const $45,832.79 | tion, although it will require more than one hundred bridges, several of which would be of considerable length. Between Chinkiang and Nanking are a few ranges of hills and it is understood that seven or eight tunnels have been found necessary. The preliminary work has all been done and nothing now remaing bat to acquire the capital and begin the work,
GEORGE FENWICK AND C
LIMITED.
÷
An extraordinary general meeting of the shareholders of George Fenwick & Company, Limited, was held in the Hongkong Hotel on Tuesday morning for the purpose of altering and amending the Articles of Association. Mr. W. Parlane presided, and there were also present-Messrs. A. Rodger, W G. Winter barn (General Manager), H. Hyndman, F. Henderson, G. C. Cox, J. Rodger, and E. S. Joseph.
The CHAIRMAN-Gentlemen, the object of this meeting is set out in the advertisement which has been in the local prese for the past nine days, and in the posted notice of this meeting, with the special resolutions which have been in your hands twelve or thirteen days. [The Chairman then read the notice calling the meeting:] In accordance with the unani- mous vote of the shareholders present at a meeting held here on the 13th of August last, that the Articles of Association of the Com- pany be altered and amended by transferring the powers at present vested by these articles in the General Manager to a Board of Directors, we have requested your attendance here to-day to consider and, if approved of, to carry the special resolutions necessary for this purpose. You will observe there are fourteen - special resolutions. These have been drawn out by Mr. Deacon, the solicitor, with the approval of your Consulting Committee. The second resolution you will notice deals with the management, and
It is reported here that Sheng Taotai is not finding it an easy task to carry on the railroad enterprise according to his own liking. He is denied direct access to the throne, as his petitions must be countersigned by Chang Chih-tung and Wang Wen-shao. These Viceroys and the Ministers at Peking desire Shêng to commence the railroad from the two ends Peking and Haukow and work toward their union at an intermediate point. Chếng is unwilling to do this, as, he fears th work may be stopped at any time and then he would have two railroads connecting with nowhere and of no value to anyone. Sheng's plan is to use half of the needed money, or twenty million taels, in the building of the road continuously from one end, and when this amount is used up and the benefits of the road are plainly seen by the subscribers, to ask for the remaining twenty millions so as to com- plete the road. Sheng's shrewdness does not seem to have deserted him and ho is determined to provide against future storms which may overwhelm him as they have already done he is wealthy and a favourite at Court he knows his former patron Li Hung-chang. Although too well the latent strength of the opposing trust himself too far in their power. forces he is dealing with and does not care
THE TOŊKIN FRONTIER TRAFFIC REGULATIONS.
apelo
may say with regard to the two members of the present Consulting Committee placing their names in the special resolution as directors
The text of the Franco-Chinese Convention that it was done merely to facilitate matters, as practically they have been Directors since Mr. regulating frontier traffle in Tonkin has been Fenwick's death, but it is their opinion there issued to the public in Canton in the In accordance with rule 15 of the Company's should be three Directors whenever practicable, a proclamation by the local anthorit Articles of Association, the present members Messrs. If anyone desires to make any remarks regard-city. There are twenty-eight clauses Ewens an Orange, retire, but Leing eligible offering these resolutions before I propose the The land traffic provides international thor themselves for re-election.
passing of the special resolutions we will be fare at ten different points on the fronti
at each point there are to be militar pleased to hear them.
of both countries. The duty of the is to vise, the assports which
Che nearest procure from China Any entrance Mr. JOSEPH Whether there are two or four?|| 'or vice versa other than The CHAIRMAN-Yes. It is the intention of tioned in the BALANCE SLLET FOR THE YEAR ENDING 30TH NOVEMBER, the present Consulting Committee always to have three Directors, but the number has been placed in these resolutions at not less, han two 125,000.00 or more than four,
·30,000,00 8,005.37
The accounts have been audited by Messrs. Ful larton Hei derson and W. Hutton Potts.
JOHN D. HUMPHREYS & SON, General Managers.
Hongko g, 18th December, 1896.
1896. LIABILITIES.
Capital account: 1,250 shares of $100 each
fully paid-up ..
Debentures 60 of $500 each
Local and general liabilities.
Profit and loer Brought forward, $ 1,371.57
oft and loss: For current year
10,136.01
G.
Mr. JOSEPH-I see that the remuneration of the Directors will be $1,000. Does that mean for two or four"?
The CHATEMAN-For all.
No further questions were asked.
treated as trespass
country
ustom
junk will in future be port from the nearest perial Mariti The CHAIRMAN If there are no other ques- (native pas tions, I beg to propose the special resolutions, a port from 11,507.58 print of which" has been sent to every-share-from the
holder, and I will treat them as read unless any the n $174,512.95 | shareholder wishes me to read them,
News.
to con