THE HONGKONG WEEKLY PRESS AND
Gentlemen,
they did not propose to take any steps with | No. 4. regard to it, nor have they done so, although it has been pointed out that ten of the signatures, the number required by the Articles, are beyond question.
The correspondence oloses with a letter from myself to Messrs. Jardine, Matheson & Co., and their reply, requesting among other things that a copy of a certain Power of Attorney should be set out with this correspondence. But as that | power is a lengthy document and only in any event affects five shares, I have not thought fit to comply with their request.
The Annual General Meeting takes place on Thursday, the 29th instant, and at that meeting it is in the power of the General Agents, under Article 26, to propose an alteration in the rate of this commission. That they will take the opportunity thus open to them is greatly o be hoped in the interest of shareholders, and in view of the alteration of the conditions of the sugar trade mentioned in the report. The pro- posals in the requisition cannot be called illiber. al, and under the circumstances to accept these proposals of their own motion would be an act worthy of the high traditions and reputation of the great house of Jardine, Matheson & Co.
I remain, Sir,
Yours faithfully,
MARCUS W. SLADE.
Hongkong, 26th March.
No. 1.
Hongkong, lat November, 1899. B.A. GUBBAY, Esq.
Dear Sir,
We, the undersigned shareholders of the China Sugar Refining Co., Ld., being the registered holders of the shares in the said Company set opposite our respective names in the schedule hereto, hereby authorise you to ar- range with Messrs. Jardine, Matheson & Co., the General Managers of the said Company, for a reduction of their commission on the working of the said Company, in such manner and under such terms as you think fit, and pending the completion of such arrangement we undertake not to part with or dispose of our shares in
any way.
In case you may be unable to make such an arrangement with Mesars Jardine, Matheson & Co., we hereby further authorise
to arrange you with some other mercantile firm, for the taking over from Messrs Jardine, Matheson & Co., the general management of the said Company, or to appoint a Secretary with a Board of Directors for the management of the said Company, or to make any such other arrangement as may be conducive to the efficient and economical work- ing of the Company:
No. 2.
We are, Dear Sir,
Yours faithfully,
Gentlemen,
(SHAREHOLDERS).
Hongkong, 6th February, 1900.
On behalf of and representing share- holders holding in the aggregate more than half of the shares in the China Sugar Refin ing Company, Limited, I respectfully ask you to be good enough to meet and disoass ar- rangements to be made with the General Man agers for a considerable reduction of their charges for working the Company.
I am Gentlemen,
Your obedient servant,
R. A. GUBBAY. To Messrs A. HAUPT, A. G. WOOD, D. M. MOSES, E. R. BELILIOS, F. A. Goиis, Mem- `bers of the Consulting Committee.
No. 3.
Gentlemen,
Hongkong, 9th February, 1900,
Referring to the letter from Mr. Gub bay of the sixth instant, addressed to the members of the Consulting Committee of the China Sugar Refining Company, Ld., 1 shall feel obliged if you will meet me at the office of Messrs. Melchers & Co. on Tuesday next, the 13th inst., at 4 p.m., for the purpose of consider. ing the letter, and the steps to be taken by us consequent thereon.
Yours faithfully,
· E. R. BELILIOS. To Mimas A. HAUPT, A. G. Woɔd, D. M.
Moses, F. 4. Gexus.
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❘
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Hongkong, 14th February, 1900.
I understand from Mr. Belilion, the Chairman of your meeting held at Mr. Haupt's offies yesterday, that you desire me to formulate my proposals.
No. 9.
·
¿March 31, 1900,
Hongkong, 15th February, 1909. Dear Mr. BELILIOS,
I am in possession of your lettter of this date in which you resign your seat on the Consulting Committee of the China Sugar Refining Co., Ld., and at their next meeting I will inform the other members that you have done so.
I now enclose you a copy of the authority to me signed by holders in this Colony, Shanghai and the out ports, of about 10,500 shares of the In the first paragraph of your letter I observe Company, and on their behalf I wish to make that you refer to the conversation which you arrangements with Messrs. Jardine, Matheson & addressed to me after the last committee meet- Co. to charge for management of the Company, ing relative to a reduction of the General ten thousand dollars per annum for office expen-Agents' commission, and I deem it desirable to ses, and to receive further in each year a com- point out that you had no reason whatever to mission of 5 per cent. on the nett profits of the anticipate any communication from me the re- Company.
anent.
Believe me,
I shall be glad, therefore, if you will forward this proposal to Messrs. Jardine, Matheson & Co.
I am, Gentlemen,
Yours faithfully,
R. A. GUBBAY, To Mesars E. R. BILILIOS, A. HAUPT; A. G.
WOOD, D. M. MOSE■, F. A. GOMES.
No. 5.
Hongkong, 14th February, 1900.
Dear Sirs,
We have received the enclosed letter from Mr. Gubbay and forward sams for your consideration.
Yours faithfully,
E. R. BELILIOS. (Attached memo,) The other members of the Committee were to sign here, but they refused to do so. Their remarks go herewith.
Messrs, JARDINE, Matheson & Co.,
General Managers,
CHINA SUGAR Refining Co., Ld.
No. 6.
(Chit attached to No. 5.) Kindly sign and return the enclosed letter.
F. R. BELILIOS. 14.2.1900.
A. HAUPT, Esq.-Where is the authority and list of the 10,500 shareholders? A.H.
A. G. WOOD, Esq.-I ask the same question. A.G.W.
D. M. Mosas, Esq.-The authority should be produced. D.M.M.
F. A. GOMES, Esq.-Ditto. F.A.G.
No. 7.
Hongkong, 14th February, 1900.
Dear BELILIOS,
Before sending. Mr. Gubbay's letter to Messrs. Jardine Matheson & Co., I think he ought to show to the members of the committee of the China Sugar Refg. Coy., Ld., the list of the shareholders holding 10,500 shares in that Coy., who signed the letter dated the 1st Novr. last.
I see the shareholders who signed the letter thorised him to arrange with Messrs. J., Ma-
theson & Co. for a reduction of their commission. Why does he not send his letter direct to the General Managers of the China Sugar Refg. Coy., Ld.
Yours truly,
Hon. E. R. BELILIÓS.
F. A. GOMES.
No. 8.
Hongkong, 15th February, 1900. Dear Mr. KESWICK,
You will recollect that some time back I had a conversation with you relative to
■ reduction of your charges for manage ment of the China Sugar Refining Co. As I did not receive any communication" from you on the subject, I sought the aid of other members of the Consulting Committee to arbitrate between you and the shareholders, bat they seem unwilling to interfere.
Therefore, to give myself a free band I tender my resignation as a member of the Consulting Committee, which I must ask you to accept, unless you are prepared to make some reduction in your charges for management.
Balieve me,
Tours very truly,
Hon. J. J. KESWICK,
E. R. BELILIOS.
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Yours very truly,
J. J. KESWICK.
Hon. E. R. BELIL108, C.M.G.
No. 10.
Hongkong, 19th February, 1900
Gentlemen,
I am authorised and requested by the holders of a clear majority of the shares of the Company to address you on their behalf requesting a reduction in your charges for the management of the China Sugar Refining Com. pany, Limited.
The shareholders represented by me would like you to receive a fixed sum of $10,000 dollars per annum for office expenses and a commission of five per cent. on the profits.
make a counter offer, I can show you the an. If you are disposed to agree to this or to thority signed by the shareholders for whom I
am acting.
I am, Gentlemen,
Yours faithfully,
R. A. GUBBAY. Messrs. JARDINE, MATHESON & Co.
No. 11.
CHINA SUGAR REFINING COMPANY, LIMITED.
Hongkong, 19th February, 1900. R. A. GUBBAY, Esq.
Dear Sir,
We are in receipt of your letter of this date, which you inform us has been writ ten at the request and by the authority of the majority of the shareholders of the China Sugar Refining Company, Ld.
Although we have every confidence that such may be the case, you will readily understand that we cannot correspond with any individual shareholders in the sense of your letter.
We observe that your name appears in the Register as the holder of 100 shares.
We are, dear sir,
Yours faithfully, JARDINE, MATHESON & CO.,
General Agents.
No. 12,
To Messrs. JARDINE, Matheson & Co.,
General Agents
CHINA SUGAR REFINING Co., Ld.
We, the undersigned shareholders of the China Sugar Refining Company, Limited, hereby request you to call an Extraordinary Meeting for the purpose of passing the follow- ing Special Resolutions :——
1.-That Article 26 of the Articles of Asso- ciation of the Company shall be cancelled.
2.-That Artioles 24 and 25 of the Artiolas of Association of the Company shall be can- called and the following Articles substituted therefor and numbered 24 and 25 respectively :--- a.- -For Article 24, the following Article :---
The General Agents shall, as remuneration for their services to the Company from and after the thirty-first day of March, 1900, be paid. or entitled to retain out of the funds of "the
Company the sum of Twenty Thousand Dollars annually, and also a commission of ten per cent, on the nett profits of the Company, as shown by the annual working account of the Company presented to the shareholders par- suant to Articles 11 and 121,
b.—For Artiola 25, the following Article : "The General Agents shall be paid or an titled to retain out of the funds of the Company the rent, crown rent, rates and taxes of pre- mises belonging to or occupied by the Company, and the salaries of Agents, Managers, Clarks, and all other persons employed by the General