F
November 14, 1904.)
at about four knots. They arrived at Singapore at 6.30 p.m. on the 11th. The compass was correct. When on the reef he took the bearings as also did the second officer. On the morning after his arrival he reported the matter to the Master Attendant. The second officer had been
sent to Hongkong to assist the Courtfield (which had gone to take the coolies off) in finding an anchorage. The first officer had been paid off, but the books had not been signed. Witness had told the chief officer in a different part of the Shipping Office that he had permis- sion to pay him off, but this was a misunder- standing. The first officer was on duty on the night of the stranding. The lookont man, à Chinaman, had deserted, as also had a Chinese quartermaster who was at the helm on the night in question. He had taken out a warrant for their arrest at the instructions of
the Master Attendant.
Mr. Braddell put a few questions to Capt. Dawson as to the position of the reef.
This witness was m st difficult to follow. He spoke in a peculiar guttural undertone.
By the Court-He had never been through this passage before when in a passenger ship. He had been in sailing vessels and cargo boats. H. Brown, the first officer, was then called. He was on duty at the time of stranding. Witness.proceeding to give the course of the vessel: About 7.27 the ship struck a reef and became fast. The engines were put full astern and the boats were got out The speed was about 11 knots. Witness was on the bridge and the captain was seeing the course, The ship was making water in No. 1 and 2.
•
This witness did not appear to understand the questions put by the Deputy Public Prosecutor. Owing to his peculiar pronunciation it was almost impossible to follow his evidence. The Court also appeared to find it difficult to hear this witness.
Witness was understood to say that he had not been through this passage before.
Mr. Braddell had no questions to ask.
CHINA OVERLAND TRADE REPORT.
THE DAIRY FARM COMPANY, LIMITED.
ANNUAL MEETING.
The annual meeting of this Company was held at their office, Wyndham Street. on the 10th inst., the following shareholders being
present:-Messrs. E. H. Hinds, Chairman, F. Maitland. E. Osborne, J. Walker, G. H. Potts, J. H. Underwood, W. H. Gaskell and S. A. Seth, Secretary.
The report, and accounts, as they follow, were laid on the table.
The profit for the year (including $3,029.90 brought forward from last account), after pro. riding for bad debts, directors' and auditor's fees; and other charges, amounts to $34,760.77. It is recommended that the disposal of this sum he dealt with at an extraordinary general meet- ing of the company to be held immediately after the ordinary meeting, when the directors will lay a scheme of capitalization before the
shareholders present.
DIRECTORS,
The board has appointed Mr. Edward Osborne to a seat on the directorate, and his appointment requires confirmation at this meeting. Dr. Noble aud Mr. Osborne retire by rotation, and being eligible, offer themselves for re-election.
AUDITOR,
In the absence of Mr. W. Hatton Potts, the H. Gaskell. annexed accounts have been audited by Mr. W. Mr. Potts offers himself for re- election at this meeting.
L
E. H. HINDS, Chairman.
BALANCE-SHEET.
31st July, 1904. LIABILITIES.
To capital, 10,000 shares at $7.59
each...
Less not called up, $1.59 per
share
$ 75,000,00
15,010,00
C.
To reserve fund
To accounts payable To dividends uncollected
In answer to the Court, witness said he did not remember if he took bearings or not on a certain date. The Captain was looking at the To profit and loss chart when the vessel struck.
J. Edwards, the chief engineer, also gave evidence as to the working of the eugines,
W. Johnston, second engineer, also gave evidence.
The Court notified the Deputy Public Prosecutor that they did not require the evidence of the other engineers.
The Court asked if there was any evidence as to the condition of the coolies on the island.
Mr. Farrer said that the gunboat which went to the Island had not returned yet.
Capt. Dawson said he had received letters from the overseer.
The Court said that there was so much other evidence that it was desirable to hear that they might adjourn the casẽ.
Mr. Farrer agreed to this.
The enquiry was adjourned till November 2nd-Straits Times.
YOKOHAMA HARBOUR.
It is stated that in view of the approaching arrival at Yokohama of the Oriental liner Minnesota from America the American Consul-
authori-
By cattle
ASSETS.
C.
|
our
357
last few years, and as there seems to be no limi to the growth of this colony we must always b。 in advance of the deman which may be mad upon us. In order to accomplish this, ` you can readily understand portionately greater than increase of business. To meet our increased demand several new sheds have been built, more land has been placed under cultivation, and a house is now in course of construction.
expenses are pro- our immediate
at Pokfoolum on account of the old quarters being found insufficient for our staff. We have recently purchased the stock and business of the Frozen Food Supply, which we hope will turn out a profitable investment; it is however too early to form any opinion. We are convinced that the quality of Australian meat is superior to the local article, but in order to compete with the latter and the idiosyn- cracies of Chinese compradores and servants at the moment, we barely pay expenses. We have contracts to supply H.M. Navy and Army stationed here, who are very satisfied with the
quality, and we hope that the climatic condi- tions in Australia will be of such a nature that we shall be able to supply frozen meat at an equal if not a lower price than the local article. We have purchased a steam launch for Harbour use and towing our fodder round to Pokfoolum, where we are constructing an aerial tramway from the water's edge to the farm., The latter will enable us to give up our town godown and be a great saving in coolie hire. I think there is nothing further of interest that I can tell you, but shall be pleased to an: wer any questions you wish to put so far as I personally can.
As there were no questions put the CHAIRMAN moved the adoption of the report.
Mr. GEORGE POTTS had much pleasure in seconding the motion. As an original share- holder it gave him great satisfaction to say a few words with regard to the Directors management. The company had had many 60,000,00
ups and downs, but under the able man- 0,000.00 23,591.39 agement of the Directors, it looked now as if they 386.33 were on the upward track. The report spoke for 34,760.77 itself. He thought the new cold storage, the one thing they had been wanting, under the $143.738.49 able management of the directors would prove
C
47,939.43
By property Farm lots 18, 19, 25 and 8 12,000,00 By buildings...
By town depåt.
By furniture
By machinery and store
By cash on hand and in hank
By investments on mortgage, and shares
of public companies
By accounts receivable.
16,567.60 9,000,00 1,099.70 2,178.60
a success.
The report was adopted.
ELECTION.
7 he retiring officials were re-elected for a further term of twelve months, and a motion proposed by Mr. Walker and seconded by Mr. 11,549.11 Stevenson confirming the appointment of Mr. Osborne as a Director was carried unanimously.
DIRECTORS' FEES.
13,465,00 29,939.02
$143,7.18.49
PROFIT AND LOSS ACCOUNT.
To directors' and auditor's fece To bad debts. To balance
By balance from last year
Less div.dend
Reserve fund.
By interest
By transfer fees
$17,520,00
$12,500.00 2,000.00
11,5000
& 1,600.00
C.
42.42
34,760.77
$36,763.19
$ C.
3.29.91
217.66 4.00
33,511.63
$36 763.19
General there some time ago asked the local By balance of working account Customs authorities whether the Yoko. hama harbour was able to offer anchorage for the gigantic steamer. The ties, ascertaining that the depth of water
The CHAIRMAN said :-Gentlemen, the report was insufficient, applied to the Tokyo Govern- and accounts having been in your possession ment for a dredging fund and obtained an for some days, I will, with your permission, appropriation of 74,382 yen. The work has adopt the customary course and take them as since been steadily carried out of dredging over
read Your directors are very pleased to be able to 55 feet along the eastern wing of breakwater place before you such a satisfactory statement of near the harbour mouth, which section is com- the year's working, and you will have noticed paratively deep, and it is expected to be com- in the report it is proposed to lay before you a pleted by about the 10th November. As scheme of capitalization at an extraordinary ateamers larger than the Minnesota are expect meeting to be held immediately after this, ed in the future, the authorities have already. which I trust will meet with your approval. dredged another point to a depth of 33 fest on We are glad to inform you that the herd is the north side of the pier and also a point 32 feet in excellent condition. Our importation of deep on the straight line of pier. They are con-high-class ca:tle from Scotland has turned templating the completion within seven years of out so suce ssful that we have ordered another the dredging of one million tsubo out of the shipment, and although the initial cost is very total area of 1 million tsubo in the harbour, heavy the result so far has justified the outlay. exclusive of proposed official and private re. The general turnover in all departments of clamation area.
the business shows a large increase during the
Mr. POTTS proposed that the directors' fees be increased from $1,500 to $2,500. Mr. A. UNDERWOOD seconded the proposition, which was agreed to.
EXTRAORDINARY GENERAL MEETING. This took place after the annual meeting, the same shareholders being present.
་
The object of the meeting was for the purpose of considering and. if thought fit, passing the, following resolutions :-
1. That the following be added to the Articles of Association :-
Article XVII paragraph 14 “The directors. may from time to time, with the sanction of the company in general meeting, declare a bonus or dividend to be paid to the members in proportion to their shares out of the reserve fund or out of any other accumulated profits for the time being, of the company, and with the like consent may also declare that such bonus or dividend may be appropriated in pay- ment of any calls upon new shares to be allotted to the existing shareholders upon any duly authorized increase of capital."
2. That the capital of the company besin- creased by the sum of $112,500, divided into. 15,000 shares of $7.50 each, and that the directors be authorised to allot such shares pro rata among the existing shareholders according to the number of shares for which they may on the 9th day of November, 1904, be registered in the proportion of three new shares for every complete two shares held by them on that date.
The CHAIRMAN said-Gentlemen This
extraordinary meeting has been called for the purpose of obtaining your sanotion to increase our capital, and as we propose to Capi talise our Reserve Fund we were advised by the