April 20, 1907.]
The SECRETARY having read the notice con- vening the meeting,
Mr. SAUNDERS proposed the first revolution concerning the alterations in the articles of association.
Mr. Ports s'conded, and the resolation was confirmed.
CHINA OVERLAND TRADE REFORT.
STATEMENT OF ACCOUNTS
To 31st December, 1966.
LIABILITIES
Capital-
$1,000 shares each $12 Les Huru shares unisened
each $12 -
overdraw}
C.
.$720,000,(k)
168,000,00
532,060,0)
On the motion of Mr. Moxon, seconded by Hongkong and Shanghai Bank, smount Mr. MAITLAND, the second resolution W&A confirmed,
The CHAIRMAN-I thank you for your atten- dance, gentlemen,
THE CHINA BORNEO CO., LD,
The fourth ordinary yearly meeting of share- bolders in this Company was held at the office of the Company St. George's Building, at noon on Saturday April 27th. Mr. A. G. Wood presided, and there were also present Sir Paul Chater and Hon. Mr. E. Osborne (consulting committes, Mr. J. Whorley (general manager). Messrs o A. O. Baptists, L. E. Ozorio, and K. Sayce.
The CHAIRMAN, after reading the notice calling the mesting, said :—G-ntlemen-You have now had copies of the report and acconnis before you for some days, and if you have no
bjection, I will dispense with reading them, j The results of the Company's operations during the past year have again been unsatisfactory and we regret that we are again obliged to pass the payment of a dividend. The reason for the bad result is precisely the same as for previous years -the coutiuned depression in trade generally, { and consequent further decline in values. The difference in trade rates of exchange between this and Borneo has also been very much against us. There is no other explanation to give you for it is impossible to make trade where 1rade does not exist. I am glad to be able to let
you know that the prospect for the current year is at present more encouraging and I hope that this will be maintained. We have sequired, na advantageous terme, the site on which the Company's saw "milla at · andakan staud. 'This properly was formerly under lease to the Com- pany and the saw mill machinery we removed from Talaga is now being erected alongside the Sandakan mil's. This arrangement will enable us to run the two mills under one supervision and also, if necessary, to more than double our present output of sawn woods. You will notion from the report that your consulting committee have foregone their fees for the year under review. I do not think that there is anything further of interest to tell you, bu', before proposing the adoption of the report and accounts, I shall be glad to answer any questions you may wish to put.
There were no questions, and the report and statement of recounts were adopted on the motion of the CHAIRMAN, seconded by Mr. OZORIO.
Mr. BAPTISTA proposed the re-election of Hon. Mr. Osborns to the consulting committee.
The motion was seconded by Mr. OzoRIO, and shareholders agreed.
i
Mr. W. H. Potts was re-appointed anditor on the motion of Mr. Ozorio, sec uded by Mr. BAPTIST
The CHAIRMAN-Thank you for your attendance, gentlemen.
i
The report was as follows :
GENTLEMEN,--The General Manager and
Consulting Committee beg to pres-at to the shareholders the fourth ordinary yearly report
of the company.
Sundry creditors
Balance of working socount.....
Hongkong Saw Mills ... Sandakan Saw Mills Talaga Saw Mills :
ASSETS.
..
$44,662.51
$,000.00
Value as per last «tatement Less amount provided for de-
preciation
Steam launches and lighters :— Valne as per last statement Les amount provided for de
preciation
Since added
$95.717.05
5,000.00
90.717.05 10,576,03
Sandakan Engine Works and Slipway :
Value as per last statement $2.694 81
since added
3,692.52
Plant
Land and house property House and office furniture Kudat Pier :
Value as per last statement Les amount provided for de.
preciation
Timber Concessions :—
Value as per last statement Les amount provided for deg
preciation
Since added
Sundry debtars
74,408.38 5,970.83
CORRESPONDENCE.
277
TO THE EDITOR OF THE "DAILY PH188,'
SENTIMENTALISM AND CRIME.
818-Your leader of to-day bas a wide 12.028.61 bearing.
The following from an American paper, with reference to the Thaw case, may $641,405.25 interest yon :—
$ 151,505.84 $1,625.00
IDBEY,51
"The most deplorable part of it (a shooting 038e】 seems to be that it makes a muss on our streets, in our offios buildings or in the hallways · of our homer, when someone we knew and loved" bleeds out his heart and his life through the holes made by a murderer's ballats, After that our attention seems to be mainly confined to finding some excuse for the murderer--some device that will save him from the gallowa which we, in our innocence, have always thought to be the reward of murderers. Perhaps
WA are all insane. It doesn't make much difference. If we have money enough or are 101.291.08 | sensational enough some lawyer will find enough in our lives and enough tears in his raios to twist the faults which our friends overlooked into the semblance of insanity. That gives any 86,387.33 one of us the right to commit murder with
All we need is a revolver and a 2.398.03 peculiar way of wearing our tair."—Yourn for
sanity.
21,943,83
6.709.43mpanity.
$8,000,00
4,000.00
April 23rd.
4,000.00
$23,387.21
1,791.62
$21,583.59
73.82
Suspense account, expenses in connection with remoral Talaga Saw Mill« - - - A- per last statement
Since added
Les amount written of
$1,048 65 720.001
$1,768.65 1,018.65
Stock of rough and sawn timber, stores,
materi«!, &c. Cash in hand
Dr.
WORKING ACCOUNT.
anl
To management, office expenses,
* general charges at H ́kong and Borneo To exchange
To interest Ta bala re
Cr.
By profit on sales of rongh and
timber, & By scrip feex
MACAO.
LAWN
TRUTHFUL JAMES
TYPHOON HEROISM.
PRESENTATION OF HUMANK BOCinr'a
MODALS.
21,657.41 The dreds of the two gentlemen who were the 19,102.31 ! heroes of the hour at Government House on April 19th are too well known to require resapi- taistion. Both Inspector Gourlay and Mr. H. 8. Bevso distinguished themselves on the day of the September typhoon, and the bravery of both has now hea fittingly recognised.
72 1,00
124.550.89
When they presented_themselves in the drawing room of the Governor's residence on that afternoon there were
present the
29.79.29 Hoo. Mr. F H. May, Hoo. Captain F. J. Rail-ley, Hon. Mr. W. Chatham. Mr. do $14.95.25 Trafford, Mr. R. A. B. Ponsonby and Captain
Coleman, A.D.C.
His XCELLINCY said bò was very gratified $_.-that ОДА of his last official nota 32,989.68 the awarding of Royal Humane Society 8715.46 medals for gallantry displayed during the 4,776 48 | terrible two hours ou the morning of September 12,029 84 | 18th. The first work of the typhoon was devoted
$8.539.26
$
C.
28.634.26
3.00
$58.539.26
(FROM OUR CORRESPONDENT.)
April 19th
to the saving of life, and the efforts of some la this direction had been given due prominence in the Press in the first instance, and afterwards rigorous is quiry had been made by the Captain. Sperintendent of Pulioe. Some of these people were awarded the Belilios medal, bat in four cases the Secretary of State was asked to recommend the granting of medals by the Royal Havanna Society. On Thursday he received a dispatch from the Secretary of State sending him medals for the two gentlemen present, for Mr. Granger and for Mr. Harvey.
Addressing Inspector Gourlay, bis Exo-lleney told him that he had displayed conspicuous gallantry when the storm was_at_its_"height
The condition of the Avenida Vasco dain, saving life at Prays East. He had
The accounts chew a profit of $12,028,64 | G»ma is deteriorating. The consulting committee recommend :--
Prices of daily ne essities here are advan-
To write off Launches and Lighters § 5,000,00 | cing alarmingly. To write off Kudat Pier
To write off Hoose Property To write off (singa Saw Mill, Cost
of Removal ..
To write off Timber Concessions
2,000,00 1,500,00
720,00
Pl-gue and smallpox cases are numerous. The Harbour Police are too officious whe steamers arrice,
The fear of water famine has passed 2,808,64 | ›inos the rains came.
Ther is a rumour that the Electric Light $ 2,028 64 | Company is about to undertake extsasire
Consulting Committee: In accordance with | alterations. articles of association, Mr. E. Osborne retires but offers himself for re-election.
Auditor: he accounts under review, have, in Fabsence of Mr. W. H. Potts, twen and ted by Mr. P. Maitland, Mr. W. H. Potts off us himself for re-election.
J. WHEELEY,
General Manager.
Hongkong, April 15th, 1907.
A Peking dis: stoh states that the Wai-wn-pa has been notified by the American Minister in | Peking that there may be some trouble lo Li»nchow, Kwangtung Prorino· shortly, Tre Minister therefore, requests the Wai-wa-pa_to instruct the Viceroy of Kwangtung to gir protection to American residents and their property in the threatene! district,
jumped into umpans as they were driven before the gale and passed close to the Praya, sad had thas suco e led in saving five lives He had also rendered valuable servio, on the following days in the gruesome task of searching for and in coffining dead bodies. The Governor then pinned the medal on the Inspeo or's coat, after which he addressed Mr. Baran. He told him that the medul Was pressated him for gallant conduct in jumping off the Plays in the height of the typhona and asy. ing the life of a Chiness. The medal would no doubt be a source of gratification to him, bat His Excellency expected that the memory of that saved life would give him far greater pleasure.
The medal was then pinned on Mr. Beran's breast by the king's repr-sentative, after which noth recipianta briefly thanked him and with- drew.