February 9, 1903.]
of one dollar per shure on each of the 60,000 ordinary shares, fifty (50) cents of which to be paid on or before the 9th day of February, 1913, and the remainder to be called up, if ucces-ary,! as the bo.rl may determine. In accordance with this decision, an extraordinary meeting was held on the 11th Novembr, 1902, wheu a special resolution to the foregoing effect was passed nanimously, and on the 27th idem Lie resolu fon was unanimously confirmed.
DIRECTORS
In accordance with the Art cles of Associa- tion, Mr B. C. Wilcox and Mr Thomas Howard retire from the board, hut offer them - selves for re-election.
AUDITOR.
The accounts have been audited by Mr. A. R. Lowe, C.A, and the board recommend him for re-election.
R. CHATTERTON WILCOX, Chairman.
Hongkong, 6 h February, 1983.
The following are the accounts :--
BALANCE-SHEET, 31st December, 1902.
CAPITAL AND LIABILITIES,
3 preference shares at 51
Authorised capital:
60,440 ordinary shares at $1
$400,000
3100
600009
Paid-up capital :
AR.8 2 ordinary shares at $19
10 ordinary shares at Sin
abeyance
28.020
0
183 ordinary shares nt 59 [for-
feited
6,192
G C
28.941 preference shares at $1...
1.036
not alloted
55.712 18.961
30.0 0
'ordinary shares not all ted
Marine insurance
Accounts payable
î
PROPERTY AND ASSETS.
Cost of estate as per last account 157,964,39
Less liabilities of old Com.
pany not claimed :
X c.
Preference shares not
applied for
1.076.00
Dividends declared 1896-
18 7....
1.47.77
2.8702
8.118, 6
22.356.65
uspense account
Development of concession
...18,521.62 11.70 .66
Machinery, plaut and equipment – ü2.27 14}
<
621,676,01 2985 (1) 5,18,61
863 LOY.GO
Main and kladi dams
Buildings
Roads and bridges"...
Cyanide plant
12,829.27
Portable t:am-line and truc's
27, 47.03
Furniture at mines
Furniture at head office
2,009,87
467.43
Bullock carts au 1 live stock
Stores ou band
Firewood and timber on hand
Accounts recei vable
Cash at nines
Cash at Pekan
Cash at bank Singapore
kong
Cash at hank Kuala Lumpor
Cash at bank and in hand at Hông -
Gold bullion in transit
Working account, balance at debit
6.6 27
17.8 33.10
2,396. T
5.09 68 14 1.8.73
861.22
6,121 99
9.18
WORKING ACCOUNT
155,319,27
70.403,10
CHINA OVERLAND TRADE report.
Cr.
By advances on gold shipments by pr.ceeds of gold from concentrates by profits on sale of shares forfeited By interest
By transfer fees
By sundry unclaimed balances By balance
$ c.
717 21 261. 00:3
8-1.597.28
SUPREME COURT.
Wednesday, 4th February.
105
tance away of about one or one and a hilf miles. 21.27 The junk kept her course and speed, the_Iloi
3.-70.7
llo in the meantime overtaking her. When 1.7-4. 5
the loi llo was about 100 yards away from 2,-69.71
18.75, the junk Lose on board her saw there was a danse of collision and shouted out. The Hi Ho thongh loudly hailed came on and struck the junk on the starboard side of hr stern and did her so much damage that ske imm diately filled with water and was with her cargo wholly lost; and three of the owners. sight of her crew and about 50 passengers were drowned. The plaintiff alleged that there was no proper lo kont kept on board the Hoi Ho; that the Hoi Ilo, though an overtaking ship, De 'ected to keep out of the way of the junk; that the illo neglected to slacken ber speed or stap or reverse or to do a in due time; and that the collision and the damages and losses cons qu ut thereon were occasioned by the negligent and improper navigation of those on board the Hoi Ho. He claimed damages and costs, an account to be taken of the damage with the assistance of merchants.
LY SUMMARY JURISDICTION.
BEFORE HI HoYour A. G. Wise (PUISNE JUDG?).
MOSES C. CHIC WA,
This was a case in which Reuben Meyer Moses, Rampart Row, sued Chin Wa, 54, Stanton Street, for the sum of $1,000 for damages for breach by the defendant of coven- au's by him to repair Nos. 45, 47, 49, 51-53 and 534. Queen's Road Central and Nos. 1, 2, 3 and 4. Tsu Lung I ane contained in a lease dated 1st February, 1898, made between the plaintiff and the defendant and registered in the Landi ffice, Plaintiff also ela med interest of 8 per cent. on the said snu from the date until payment or judgment. The particulars of the claim showed $830 spent on repairs and $185 of incidental expenses-in all $1015, restricted to $1,000, to bring the claim within the Summary Jurisdiction.
i
Mr. E. J. Grist, solicitor, appeared for the plaintiff, and Mr. H. W. Looker, solicitor, for
į-
the defendant.
Mr. Looker stated to his Lordship that an agreement had breu come to between the parties whereby Mr. Grist had agreed to accept. $900
and costs.
Judgment was given accordingly.
is Lord-hip stated that he would sit on Monday next and on Friday as us, but not on any of the race days.
The Court adjourned,
Thursday, 5th February,
IN ADMIRALTY J LISDICTION.
Before Its Honour FIR WILLIAM M. GOODMAN (CHIEF JUSTICE) AND COMR. EDWARD B. KIDDLE, H M.S.
ALBION
+
(ASSES OR)
•
CHU LEUNG C S.S. HOI HO.
This was an action for damages arising out of the collision of the s.s. Hi Ho with the stern-wheel passenger junk Wo Li which took place in the Canton tiver on the 7th March last and resulted in the sinking of the Wo Li with 2,477.25 great loss of 1.fe.
108,540.75
21.835.7
+
Mr. E. H. Sharp, K.C. (instructed by Mr. Paget lett of Messrs. Mousey & Brutton. solicitors), appeared for the plaintiff, and Mr. M. W. Slade, barrister.at law (instructed by Mr. C. E. H. Beavis of Messrs. Wilkinson & Grist, so icitors), was for the defendant.
In reply to a question by his Lordship. Mr. Sharp aid that the plaintiff's junk was a boat propelled by a stern-wheel by cooling clinging to a pole with their hands and working
1.430.50 the cranks of the wheel with their feet; sails 261,000,93 | were also used on the bont
For the year ending 31st December, 1902. Dr.
To balance from last acconut
To operations at mines
To fees to Sultan of Palang
To prospecting
To general expenses at mines
To Panggong office expenses
To Royalty on gold
To bullock carts an i livo stock account,
loss written off ..
To timber account loss written off
To salaries, wages and head office charge:
To insurance ........
To exchange.
To telegrams
To directors' and anditor's fees
To agency fees
24.49 81
1,2017 0 5, 2.91
The defen lant in his answer to the petition s'ated stated that the British ship Hoi lo was owned by Chun Woon and was of 691 tons
ross register, carrying a crew of 30 a'l told, and at the time of the collision was on a voyage from Hougkong to Canton. At a little before 520 a.m. of thế 7th March the //oi Ho was in Conton River off Sepoy Island ab ut N. of to Jai Mei light and on that side of the chat nal which lay to her starboard side. · The wind was N.E. and light. Th: weather was overcast bit clear and at that time it was very dirk. The tide was ebbing from two to three miles an hour. The Hoi lo was heading about N.W, quaking about four knots an hour over the groenl with her regulation lights duly oxhibited an 1 burning and a good li-kout was being kept on board her. In those circumstances a vesel which proved to by the Chiuso stern-wheel passenger boat. Wo Lɩ was obs rvel at a distance of about 21) fet away on the part bw of the Hoi Ho without lights of any kind exhibit d on her, whereupon the engines of the Hoi llo
then immediately stopped and
ware
rere sed full speed astero. Her whistle was blown and those on board shouted out to the Wo i to keep on ths port side of the HoHo. Tho Wo Li did not keep on the port sião of the Hoi Ho• but endeavourel to cross the bows of th: Hoi Ho, and her star- board quarter came into collision with the steru of the Hoi lo, whereupon the Wo Li beeld over, filled and capsized, many of hr passengers and crew being sared by the Hat Hlo. The defendint alleged that the 'o Lid'd not carry or exhibit any lights. did not keep a proper lookont and dd not keep ou her course and sped; that she impro- perly endeavoured to cross the bows of the loi Ho that the collision was negligence and improper navigation of tho e o t caused by the
board the Li Wo and was not causid or contri- buted to by any of those on board the Hi Ho.
Mr. Sharp stated that there were special of the Canton River which might be applicable regulations in connection with the a vigation
here, but he thought the regulations which concerned the cise were those involving the universal principles of seamanship.
Mr. lade said the spacial regulations did not, 'n his opinion, apply, but agreed that the case was covered by the broal principles of seamanship.
Evidence was then led, and was continued until a late hour in the aftern on.
The Court adjourned.
Friday, 6th February.
IN ADMIRALTY JURIFDICTION.
BEFORE HIS HONOUR SR WILLIAM M. GOODMAN (CHI F JUSTICE) and Comb, EDWARD B. KIDDLE, H.M.S.
(ASSESSOR).
The petition stated that about daybreak on 7th March, 19 e. the junk Wo Li, of which the p'aiutiff, Cha Lenug, alias Chu Kwong, alios Chu Sing Un, was then part and is now sole S e. surviving owner, whilst ou a voyage from Sai Nam to Canton laden with a general cargo, and haring on board about 110 passengers, was in the Tai Mei branch of the Canton River, near 11,124 20 Sepoy Island. The wind at that time was light, ,286.44, the weather was fine and clear and the tide was 1.9.8 ebbing with a force of about two miles an hour. The jak was heading in about a N.W. direction and was making about two miles an hour over
44 CHU LEUNG v 8.8. the ground A white asthead light and a
HOI HO." white light on each side of be stern were
Evidence was continued in this case, in 261.25. exhibited and burning brightly and a good which damages are claimed by the owner of 38.5 lookout was being kept on board of her. At the passenger junk Wo Li which on 7th March 2,400 (0
that time those où board the junk observed the last was sunk in a collision with the British 8.8. 3:10 4 0 ma: thead light and the two sidelights of a Hoi Ho in the Tai Mei branch of the Canton $291,587.23 steamship, which proved to be the Hoi Ho, on River between Sepoy Island and Canton, with
the starboard quarter of the junk at the dis· · consequent great loss of life.
153.0 + 27.71 5.9172
4 5.58
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