152
UNIVERSAL TRADING
COMPANY, LD.
The following is the report of the general manager for the year ending the 30th June, 1901, for presentation to the shareholders at the first ordinary annual meeting of the company to be held at the Registered Office of the Company, 4, Des Voeux Road Central, on Saturday, the 17th August, at noon:-
Gentlemen,-I have the pleasure to submit to yon the report and statement of accounts for the year ending June, 1901.
The net profit for that period amounts to $43,187.18. After deducting the interim divi- dend of 30 cents per share paid on the 21st January last, there remains a sum of $28,187.18 which it is proposed to deal with as follows :- To pay a dividend of 75 cents per share on 6,200 shares at $20 fully paid up
...8 4,650.00 and 30 cents per share on 43,850
shares at 85 paid up
13,140.00 10,000.00 397.18
828,187.18
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place to reserve fund carry forward to next year's account ...
When the Company was established, I under- took there will be no charge made for manage- ment during the first year, and it will be noticed, I accordingly forego my renumeration
for that period.
The accounts have been audited by Mr. W. Hatton Potts, who offers himself for election.
ELLIS KADOORIE,
General Manager.
Hongkong, 13th August, 1901. The following are the accounts for the year ending 30th June, 1901 :—
BALANCE-SHEET.
LIABILITIES.
Capital
6,200 shares at $20 fully paid
up.........
43,800 shares at $5 paid up
Sundry creditora
Balance of profit and loss
ASSETS.
0.
124,000.00 219,000.00
Hongkong and 8'hai Banking Corporation
Loans
Sundry debtors
Furniture
Cash on hand
C1
343,000.00 1,184.10
THE HONGKONG WEEKLY PRESS AND
capital of $310,000.
[August 17, 1901.
Consultin
to that effect WAS PRE and duly confirmed" meetings hell on 27th June and 13th July last- By this resolution the capital is reduced to $90,000, in 9,000 fully paid up shares of 310 each.
His Lordship granted the application.
the way back to the wharf, and again when the | the General Mana box was on the point of being swung on to the Committee to pier. It was then that the rope broke. That (1) the 8,000. was the first time witness had taken a pony, ashore from a ship, and she would not have undertaken the job had she known its nature. After the pony fell they tried to stand it on its legs, to see if it was dead. The crew of the cargo-boat then went away, all except witness and an old woman. Witness stood on the pier, but was always close to the boat. The boat was arrested on the 13th Jaly, and sincs then witness had been unable to use it in the earning of her livelihood.
By Mr. Hastings-The cargo-boat was en- gaged to take some things from the wharf to the ship, but nothing was said of taking anything back. Witness know that her tackle was not strong enough to land the horse, and said so. Witness was sure she had never carried horses before; her licence did not permit it.
By His Lordship-Witness's rope was not employed to lower the horse-box from the steamer to the cargo-boat. The rope had been in use for a year, and was the best witness had. The reason witness did not leave the troopship when she had discharged the horse-box was that an Englishman from the steamer beckoned her to stay.
This closed the evidence.
Mr. Pontifex submitted that, admitting Captain Trefusis was suing in his capacity as ballee, and admitting also that he had a right to recover, the evidence showed he had lost absolutely nothing, and had not paid out one
cent.
His Lordship Is be a debtor, then, and liable to pay for this damage. ?
Mr. Pontifex-Supposing that were so, I submit he has brought his action too soon.
His Lordship You mean, then, that Captain Trefusis in all these proceedings was merely the agent in giving orders for Commander Erskine, and, as agent, would be liable for nothing?
Mr. Pontifex replied in the affirmative, and, after commenting on the taking out of the writ, and expressing the belief that in taking it out neither Captain Trefusis nor his solicitor had been actuated by the former's position as bailee, 28,187.18 which was purely an afterthought, went over the evidence of the various witnesses for the $372,871.28 prosecution. He was preparing to quote from previous cases when His Lordship, owing to the lateness of the hour, adjourned the Court and asked Mr. Pontifex to consider the following 10,584.07 points-(1) Was this contract made on behalf 600.00 of Captain Trefusis? (2) If so, what was the 3.30 position of Captain Trefusis in making the
contract: was he the principal or $372,371.28
was he merely the agent?
$ 342,037.75 146.16
PROFIT AND LO88.
$ 0.
Charges
Furniture account depreciation
Interim dividend
Auditor's fee.
Balance
Interest on loans...
t
SUPREME COURT.
Friday, 9th August.
His Honour gave judgement on the 15th inst. for the defendant with costs. We hold 2,869.55 the judgement over.
85.49 15,000.00 100.00 28,187.18
$48,242.22
$ 0. 46,242.22
Saturday, 10th August.
ORIGINAL JURISDICTION.
BEFORE HIS HONOUR A. G. WISS (ACTING CHIEF JUSTICE).
HONGKONG COTTON SPINNING WEAVING AND DYEING COMPANY, LTD.
Mr. J. J. Francis, K.C. (instructed by Messrs. Deacon and Hastings), made an application to his Lordship, under the Companies Ordinances of 1877 and 1886, for permission to reduce the capital of the Hongkong Cotton Spinning, Weaving & Dyeing Company, Ltd., which Com- BEFORE HIS HONOUR T. SERCOMBE SMITH pany incorporated on 10th August, 1897, with a
(Acting Puigne Judge).
IN SUMMARY JURISDICTION.
THE KILLING OF A PONY.
Further evidence for the prosecution in this adjourned case in the Supreme Court having been heard, Mr. Pontifex called for the defence the wife of the defendant, Kwok Kong. Bare footed, and dressed in the usual garb of the sampan woman, she stepped briskly into the
box.
Witness deposed to the engaging of her Kusband's boat by a coolie employed by the compradore of the Commissariat Department, who told her to take a horse-box on board and go out to a troopship. She did not know they were to take a pony ashore until the horse-box| was lowered from the steamer into the hoRl of the cargo-boat. The horse was very wild on
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Monday, 12th August.
SPECIAL SESSIONS
BEFORE HIS Honour A. G. Wink (Acting Chief Justice).
THE CHARGE AGAINST LI XỨNG. The hearing of evidence having concluded yesterday morning in the charge against Li Yang of (1) obtaining the sum of $5,000 by false pretences and (2) uttering a forged doon- ment, counsel addressed His Lordship. The jury retired at nearly half-past two, and were absent for forty minutes. On re-entering Court the foreman intimated that they wer unanimous in finding the prisoner not guilty on all five counts of the charge.
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In reply to His Lordship, Mr. Pollock mid he did not propose to proceed with the remaining nine counts of indictment.
His Lordship-Well, I had better instruct the jury to being in a verdict of not guilty on the other counts.
Counsel did not see the necessity for this step until it was pointed out that the prisoner had been indicted, when they concurred with the step proposed by His Lordship.
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The jury, without leaving the box, then re- turned an unanimous verdict of not guilty on the_romaining counts, and the prisoner was discharged.
Addressing the jury, His Lordship said— Although I have no power under the Ordinance, I think you ought to be exempt from serving again till the end of the next jury yea -March, 1903.
The Court then adjourned sine die. The Hon. H. E. Pollock, K.G., Acting Attorney-General (instructed by Mr. F. B. L. Bowley, Crown Solicitor) prosecuted, and Mr. J. J. Francis, K. C. (instructed by Mr. J. F. Reece, solicitor), defended..
Wednesday, 14th August
IN ORIGINAL JURISDICTION.
BEFORE HIS HONOUR A. G. WISH (ActinG=Ching Justiče).
APPLICATEC
·HABHAS CORFÚS. Mr. E. H• Bhu instructed by Mr. Mounsey, applied to His Lordship for a writ of habeas corpus, to be served on the Superin- tendent of Police of this colony, to produce the body of one Leung Kun Yan, wling Loung A Su, who is at present detained by the police | under a order of banishment from H. E. the
Governor.
Mr. Sharp in explanation of his application stated that his client after serving a six weeks' sentence for larceny was defined by the polios under an order for banishment for five years. The order was presumably issued under Section 3, Banishment Ordinance of 1882, and an amend- ment to mid Ordinance, comtained in Ordinancs 4 of 1885, Section 1.
been applied to for
Counsel further stated that the police had copy of the order of nominal capital of $1,200,000 divided into 12,000 banishment, but had refused to give one. shares of $100 each. Of these shares only His Lordship-Refuand ? 9,000, representing capital to the amount of $900,000, were issued and fully paid. The
Counsel-Yes, your Lordship. remaining 3,000 shares had not been issued, it request ?
His Lordship—I suppose they ignored your being found impossible to do so. Under- capitalised to start with, the Company has noted a letter from the Captain Superintendent of Conneel-No, Your Lordship. We have receiv- been a success, and, Mr. Francis mid, at the Police (reading letter) wherein hơ Katly present time was in debt to Messrs. Jardine, to let us have a copy of the order. As we Matheson & Company, the General Managers, not seen a copy of the order, I only nedumO to the extent of over 81,000,000, monies advanced order was granted according to the Banish by them at various times for the purposes of the ment Ordinanes previously alluded to, Company. In addition, capital amounting to that is the case, the $810,000-being 890 a share on 9,000 shares-- to be banished had been either lost or was unreprésented by | born subject, available aksets. Messrs. Jardine,” Matheson & | nót be inmed Company were the only creditors. Under these ❘ that the Gove circumstances it had been deensed advimble by prohibit any