Page
HONGKONG
BUSINESS DIRECTORY.
BOOKBINDING
DAILY PRESS" OFFICE,
The only offer in China having European taught worksman. Equal to Home Work
FURNITURE WAREHOUSEMEN
À CITEE & CO., Established 1859.
THE HONGKONG DAILY PRESS. TUESDAY, DECEMBER 9 ¤. 1902
good retries for
5
the selems altogether, because I beliera most of the shareholders will not here anything to CARBOLINEUM-AVENARIÚS do with this scheine. (Applause.)
USED FOR OVER 25 YEARS.
Every Household Requisito. Depet fording article font appeared in the Daily Press tuillion and a half, What revenne can we attention upon the business we have got scheme. All the others present voted ugaiust,
175, Queen's Road Central.
JEWELLERS
MAISON LEVY HERMANOS,
Diamond Merchants and Watchmakers, 40 Watson's Built, Queen's Eal. Also në Shaughat, Afanila, Paws and Floilo
PHOTOGRAPHER
M. MUMETA, JAPANESE ARTIST.
Bromide and Crayon Enlargements ant aira colouring Photos and relief Photos Views of China and Manila. Work done for Amateurs; No. Sa, Queen's
Road Central..
PRINTING
THE TANJONG PAGAR DOOK COMPANY, LIMITED,
SINGAPORE
TO CONTRACTORS.
THE TANJONG PAGAR DOCK COMPANY,
LITE, Singapore, is prepared to receive TENDERS for the Construction or Keppel Harbour in Singapore, of the following Completion of a NEW GRAVING DOCK at dimensions, viz.
Length...
100 feet. Walth at entrance, at a lovel 56, Depth on ill below H.W.0.ST. ·
Speciation and Plans of the Iconosed!
159 108. NET
In Casis of ABOUT
TRADE
CARBOLING
MARK
INEUM
AVENARIUS
IN TINE OF LBS.
NET.
Throughly reliable preservative for Wood and Stone against White Ants, Decay, Fungus Rot, und Damprėss.
LUTGENS, EINSTMANN & CO
Sole Agents for Chias.
Hongkong, 1st July, 1902
[1801
C. E. WARREN & CO., 30, Des Voeux ROAD CENTRAL,
CONTRACTORS, STONE
(Continued from page 3
} power so restricted, and the wild at specula there has been a goueral depression in trade they only remain in dock for a couple of live venture over contemplated here seriously during that period; we may say it has bonu a days' painting, while our incoins is chiefly by sane finanofera, And yet this sam of four bad period for business generally; and I think derived from the smaller boats and coasting and three inter millions represents only the that with care and good mngement wo steamers. Besides, the big linors generally cus
cost of building the new dock. The directory may look to
The CHAIRMAN-I do not know that thore Jock at their rospective bases in America, have not mentioned the cost of equipplug it tooney in the future as wo-have-bed-a geedente. Those in favour of the acquisition- is anything for us to do, then, but to take the Hamburg, Liverpool, or wherever else it may
which nonst amount to another million. And return in the poet. The Chairman sail of the land on the tes set forth in ont be Take, for instance, the big Hamburg. what about the ten-wall which wo are told it and I quito agree with him, that it is a circulars and going ahead with the proposul Amerika liners. They have been-running for would be necessary to build at a depth in ou very good mazim to concentrate one's business. I extension of docking facilities at Kowloon sill the past three years, and not one of them has spot of 80 feet? I lave reliable autliority for Well, gentlemen, ignite agree with the devote so by holding up their hands. once entered our docks. In a very ensible saying that this wall will not cost less than a Choirms. I think we should concentrato our Ten hands were held up in favour of the of the 18th August last the writer vory tensely expect from this enormous concern? To make very good business indeed. (Applaus I Eastman's Kodak Films and Accessories; put the point I wish to impress on you to day, it pay at all, it should yield at least 7 per think it would be much better to concentrate that the scheme was defeated.
The CHAIRMAN, amid applause, nuqurced and I hope I may be permitted to use his cut on the outlay. . $332500 net per our attention in the way and as Mr. Michael Jangange. He said-It is true that it is
The meeting then dispersed. annus. Assuming the not prod to be pointed out try to make the best of the desirable to be thoroughly up to date, but if per cent. of the gross, the latter after material we have got in stock, looking about to this can only be accomplished a ich an unor deducting disbursemeats such as salaries, wages to what ships we can build at a profit to mons addition to the capital of the Company as
as of workmen, insurance premia, Crown rents, ourselves and do our very best to improve the to ruder the provision of such facilities a lurary & shoalt amount to $3,108,333 to give business we have got, instead of embarking that can never be made to pay as an investment,
as a clean 7 per cast, on our capital por upon a wild scheme which will involve a the wisdom of incurring such responsibility many nonum. Can we hope to make so much with tremendous inorrors of our capital. I hope the well be doubted." I think he let the directors this one dook ou the fuw big beats that will shareholders will reject this scheme. (Applause) down very gently. I should any it is not drift in the harbour in a year and which we
The CHAIRMAN-Are there any other ing but pure folly to incur such responsibility. may succed in wresting from Butterfield and romseks?
No other comment being offered, To quote oue sentence more from the same Swire Even if there were au other docks in source. It la useless to expect a continuance the Colony and this one dock hud the monopoly of the monopoly hitherto enjoyed; that will of the whole business of the place. a return of ? no further remarks, I will endeavour to the The CHATEMAN BE-Gentlemen, there being soon be a thing of the past, and rates will no por cont, on the money spent would be a dream best of my ability to answer this questions that doubt have to come down to some extent." Fusible of realisation P&O. Co, lave have been put by vations shareholders, although tra sure, gentlemen, you realise that we must not
a fleet of or bosts, the largest of 11,000 tons it is hardly to be expected that any chairma reckon on the profits we were earning formerlynch as the Caledonia, Arábia, Iadix, and their can on the sour of the moment. ansher all quesys shown in the Drawings and described in the BUILDING
long this orly 47 fort. Our pre ut dock can tions ucked from such a large meeting as this
We, cza coinmodat them one and likewise dock all the Messageries Maritimane, to go into this subject in its entirety and However, I have talen a great dund of trouble this derman mail, the Austrian Lloyde', in possibly I will be able to answer most of the fact all mail boats. As regards the sup questions. With regard to Mr. Pollock's posed tendency to build larger slips, thorn inquiry, based o a statement made in is the case of the Hamborg Amerika bats. the newspapers that No. 1 Dock is only There is rumour now that they are likely to occupied for 20 days in each month of found too large for the requirements of the the gentleman who made the assertion given in be withdman from the Ine becass there the year, I may say that the information of Eastern trary. Bat oven if they remain on this bat letter is absolutely incorrect. It is con run, we can dock all their bost. However, as pied a great dost more than 20 days-very much I love already said, they all do their docking at With this iance in our mind-the home. instance of a line of big stoomera which have been running continuously for three pers without giving us a single host to dock, aud without any chance of their doing so and ss an accidunt should occur in the harbour-is it reasonable limt, wo should build à a new dock to accommodate imaginary leviathans that may visit this Coong in the future muess we have some subsidy or some gumanty of business from the owners? Of course, gentlemen, there we different ways at lonking this proposed to. The shipowner and build a large new dock. the shipping agent, it would be a very good thing indeed even if Hongkong, were honey combed with docks; means it would mean ready docking for their vessels at all times, heaper rates, aut as a result of the rivalry among the competing docks botter bonuses for business contributed. But the financiers, the shareholder's, or the investor's point of view is different. He is asked to put his money into this scheme. What raturn will be got for it? And what are the risks? These tire questions
DAILY PRESS" OFFICE. Pronfa read by Englishmen.
+ STOREKEEPERS
T. BLACKHEAD & CO.,
Navy Contractors, Bulmakers, Provision and Coal Merchants. Solo Agents for
Hartierno Rah|jen's Gavnine Com.
position Rod Hand Brand.
BISMARCK & CO.,
Chandlers, Nary Contractors, Ship
Provision and Con Merchants, Sail makers, &e. Fresh Water supplied to
Fessels in the Harbour
Shipshanera, Sailmakers, Provisioners, Coal Merchants, Hardware. Engineer Tools, Brass and Iron Merchants,
144, Des Vans Boad.
MORE & SEIMUND,
|
toare.
Mr. POLLÓÇE-May Task what is the average umber of days a moath P.
The CHAIRMAN-I caboot give you that now in fact. I think any one will agree with me that you should have given notice of a question of that sort,
the
Mr. POLLOCK-I presume the directors reed
Tho CHAIRMAN--I do not think we all do. (Langhter) S
Mr. PoLock-Well, I think you ought to This was a statement by air. Wickham in an able letter, which went very fully into this question.
that the information is ine Treet and your The CHAIRMAN-I am in a position to say board is satisfied that No. 1 Dock is the most valuable pic of property you have. Hear, haar) Regarding the next question by Mr. Farlane, be asked if I coul give him the cost of longthening No. 1 Dock. We have had several estinsies, and from the aggregate of them the figure, as dose as possicle, is about $200,000 and the work would take two and a
half years to do. Now, with regard 10 Captain
Dok may be seen at the Offices of the Cou Specification.-
Bay in Singapore.
The Company does not biad itself to accept the lowest or any Condor
Tenders shall be for a cost payable in signet, will be received up to the 29th day of Singapore, in Singapore currency.
Sealed Temlers nidressed to the under.
Fahrmary, 1903.
By Order of the Directors,
W. G. NIVEN, Secretary, The Tanjong Pagar Dock!
Company Limit...n, Singapore, at Norembur, 1962 [278
·
AND MONUMENTAL MARBLE MASONS AGENTS for the TAIWAN STONE and SHELL LIME FACTORY,
The HONGKONG BRICKA TILE CO.
All kinds of SANITARY APPLIANCES, Eupplied and Fixed.
All classes of Building Construction under- taken. Sauitary Board Notices receive prompt attention. We carry the Largest Stock of SATES in the Colony. Call and See.
Try the Taiwan Stone Limo-the Best in the Far East.
12605
Hongkong, Ist Otober, 1902.
POWELL'S GRAND XMAS SHOW.
OU WISH TO SELECT A PRESENT. VERY WELL JUST LOOK BELOW:- DOLLS THAT SLEEP AND TALK, KID DOLLS, RAG DOLLS, STONE AND WOOD HORSES. SOLDIERS. CANNONS, AIR GUNS, SWORDS, PISTOLS, WAX DOLLS, ROCKING HORSES, BICYCLE HORSES, PRAMS, MAIL CARTS DOLLS HOUSES, BEDS, FURNITURE, KITCHEN SETS. TRUMPETS, PIANDS. CLOCK WORK TRAINS, CORONATION PROCESSIONS, NAVAL REVIEWS. DONKEYS. MONKEYS, CAMELS, DOGH, GOẠTS," RABBITS, AND ALL KINDS. OF ANIMALS.
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when we had the monopoly and every ship was practically at our mercy. We have now to be prepared to cut down our charges. This we can do only when our position is strong as at pre- sent, unhampered with loans or with a heary capital, We were told some time age that there has sprung up a large demand for new vessels for coasting and inland river traffio what the restriction. import on it by the which it is expected will increase enormously Chinese authorities are withdrawn. Our Com pany is well equipped for any demand at inay be made upon it in this direction. so, that this branch of business may become a special source of xorouue in the future working of the We can so that it Huoghom establishment. is certain to be a very lucrative business and has a great future before it: why then look to docking and akiolly painting the bottom of some stray levinthau bon from which we can never aspect to be repaid for an outlay of millions If an independent company wers to start under existing circumstances and spend its millions on an outerprise of this kind, it is very cleur it. would not live long but soon go into liquidation. 43 und 45, Des Venz Road. Shipchanders, Why should our Deck Co, then, embark on suoli a venture? The area of the three estab. Sailmakers, Riggers, Cominission Agents dishments, 2, 6 docks and 2 slips, on which aud General Storekeepers; Sole Agents we have been working stondily and cautiously For Shipowners Composition ("Gry for the last 35 yeare, is 30 acres. We are hered Beurvl") oud Blundells now asked to buy in a single deal an Spence & Co.'s Composition.extension of our 32 sores of rocke, bills, land, and water. Should we not first find out who WATCHMAKERS
ther we are in a position strong enough to inear the suornious responsibility which it will entail? We have lately had several changes in the staff, and the former manager and snb- maunger have been removed by death, Our which must be satisfactorily answerul before present manager las, we know, had experience. be can give his consent, I have chewa you Anderson's contention that the Company TOPS, A.B.C. BLOCKS, TABLE GOLF. but he has yet to gain local experience, which that, at the most favourable extimate and row has suficient land and a sa table site inextremely necessary, if not vital, I am led on the assumption that this new dook would for any required extension of our docking to make these remarks because we shareholders got all the big boats that might require facilities, I cur only refer you to my hear that the Company has been losing a good docking, it is utterly absurd to expect exau to
speel, quoting the decision of practical The engineers, who override any viewa which the deal of business lately; that steamers which get back the interest on our catlas. should have docked here have gone to Shanghai labour diflculty must also be considered.directors may have; and that gives a practical. and other places and that that port and Japan When there are many docks, skilled labour will tactical answer to your assertions. I think Mr. recently serned the building of 23 gmboats not be so plentiful and wages must rise. It will Michael made reference in his speech to the for the American Government, who had pre. be necessary to tone and train now lands, and acquisition of the land now on terms, to which we have not attached anything in the way of a vionsly been confining the orders practically this will have to be done at the expense of the to us. No information has been voncumfed to Company sad will therefore be a dead loss, is subsidy from the Government. I was not on us on these points. How it happens that we the examples of the cotton zoills here and in the board when these negotiations originated are losing ground; how it is that we have Shanghai can prove. And then plague may or when the scheme first came up but I bare alienated such a good customer as the American break out again. Imagine what the losses of since learned, from what I can gather, that the Government; and how it is that, Dock Co.'s so the now dook would be if the men working conditions attached at that time by the Govern for away as Shanghai and Japan can manage to there were to take fright and ran away as they ment were so onerans and so burdensome that a brild those boats and we cannot ? These are all did on a small scale a couple of years ago. In legitimate matters for enquiry, and I maintain our present position, we can look at all these we enght to ponder woll over them before risks without och isar. The danger to the Jaunching into an expenditure of millions in opposition docks would be much greater than order to sunble as to compete for now work, it can be to us. But if wo yield to usy to a that is at best occasional and uncertain. foolish fatal passion for expansion for merely Applause.) We are recommended by the the glory of possessing the largest, or about land on its own merits, and are warned that if present inestimabis advantages attained by the directors to decide on the acquirement of the the largest dock in the world, we shall lose the we miss the opportunity it is probable that the slow growth of years, and pare the way either Government will be able to diepose of this land for the decadence or destruction of what is now for some industrial works, etc. however, the stringent conditions of the concerny
We have, justly regarded as one of the most tourishing Gorerament before us, and I have no hesita- done with this scheme and have no fear as to Eastern Asia Gentlemen, I have tion saying that these would deter what would be the result of our discussion any capitalist from buying the land or to-day. I only trust that should the directora even taking it as a gift, (Applause.) Besidre again have any similarly important scheme in the land is not suitable for any other purpose their minds, they will, before carrying it into than that of a dock, and anch venture means effect, give the shareholders the same opportu- simply rain under the circumstances. The nity to
present instapee. (Loud applause)
DROZ & CO.,
14-Queen's Bond Central. Repairs of Questo Choos hy competent European experts at moderate rates.
HONGKONG REGATTA, 1992. 10TH AND 11TH DECEMBER."
THE Committees of the Victoria Recreation T
Club and Honkong. Boat Club request the pleasure of the Company of the Ladies of Hongkong TO-MORROW (WEDNESDAY) and THURSDAY, the 1th and 11th DECEMBER, at 1 P., on board the sailing skip Daylight," which has been kindly placed at the disposal of the Committens as a flagship by Captain Runde.
The Ladies Frize will he presented by Miss Goodman immediately after the rave Thursday, the 11th just, at 3.30 P..
Through the courtesy of Mr. Dixon, the Chief Manager of the Hongkong and Whampoa Dock Company, Limited, the "Fame" will leave Blake Pier on each day it 1230 PM, B 1.15 PM, to convey visitors on board the flag- ship, leaving the flagship 10 minutes after the lust race on each day.
Admission to the dagebip (Gentlemen) $1 cach day. Tickets for admission may be obtained from the Steward, V.R.C., or Hon. Sovretary, Hongkong Bont Club.
Er kind permissio of Colonel Fromanger and the Ofleers, the Band of the 33rd Burius Infantry will perform each day,
FRANK W. WHITE;
Hon. Sea, V.R.C.; C. I GALE,
Hon. Sec, H.K BC.
Hongkong, 4th December, 1902.
13253
BEGATTA HOLIDAYS.
*THE Undermentioned Banks will be CLOSED for the transaction of Public Business at 1 ^.1. TO-MORROW (WED. NESDAY) and THURSDAY, the 10th and 11th instant respectively.
For the CHARTERED BANK OF INDIA,
AUSTRALIA AND CHINA.
T. R. COCHRANE,
Acting Manager, Hongkong. For the HONGKONG & SHANGHAI BANKING
CORPORATION.
J. R. M. SMITH,
Chief Manager, suddat
For the NATIONAL BANK OF CHINA,
LIMITED.
GEO, W. P. PLAYFAIR,
Chief Manager. For the MERCANTILE BANK OF INDIA,
LIMITED,
EVAN ORMISTON,
Acting Manager, Hongkong, For the BANQUE DE L'INDO CHINE,
Hongkong Agency,
G. MAYER,
Manager.
For the YOKOHAMA SPECIE BANK, LIMITED,
TARO HODSUMI, ; :
Manager.
For the IMPERIAL BANK OF CHINA.
B. W. BUTTER,
Manager.
For the DEUTSCH-AZIATISCHE BANK.
H. FIGGE
Manager.
For the Russo-CHINESE BANK.
J. W. R.-TAYLOR,
Representative in Hongkong.
For the GUARANTY TRUST COMPANY OF
NEW YORK
E. F. GHOS,
Mannger.
Hongkong, 6th December, 1902. CARTRIDGES.
new dock built under the demands laid down
by the Government would prac ically not have enabled us to call it a commercial concern at all; and before the board would consent to these þardensome conditions they said, "Pay as a certain amount of money which will ensure to our shar holders a veturu on the money and then we will consent." That is the reason. What we want now is to acquire: the land, aud when mercial basis. That, I think and I hope, will we have built the dock, to build it on a coma- probably answer the question as regards the Government. Mr. Lewis, was on the board et changed conditions in our dealings with the that time. I think."
Mr. LEWIS-Yes, that is so. The CHAIRMAN-Well, gentlemen, I will not detain you much longer. It was not my intention to go into details that could be con
history of our Dock Co. teaches us a lesson in express their views on it, as we have had sidered afterwards if we decided to go ahead
which it will be useful to bear in mind to-day.
OVER ONE THOUSAND NEW TOYS! CALL AND SEE THEM !! CALL AND SEE THEMI ! !!
500 NEW AND USEET GIFTS FOR LADIES AND GENTLEMEN, GLOVES, TIES. HANDKERCHIEFS BRELEAS, STICKS, RICH LACE COLLARS DRESSING, WRITING, TIE, AND GLOVE CASES, &c. &c., &c. STOCK BEFORE BUYING ELSEWHERE.
NO MATTER WHAT YOU REQUIRE, DON'T FAIL TO LOOK AT OUR
34, QUEEN'S RJAD (UPSTATES), OPROSITE POST OFFICE
29781
OGDEN'S
GUINEA GOLD"
CIGARETTES
ARE ALWAYS TO THE FRONT BECAUSE THEY ARE
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FOR SALE AT-
KRUSE & CO.
JAPAN
[4965--5
COALS.
MITSUI BUSSAN KAISHA (MITSUI & CO
HLAD OFFICE :—13, SAKAMOTO-CHO, ToxYO, LONDON BRANCH:-34, LIME STREET, E.C.
HONGKONG BRANCH=PRINCE'S BUILDINGS, ICE HOUSE STREN
OTHER BRANCHES:
York, San Francisco, Hamburg, Bombay, Singapore, Saurabaya, Manila, Amoy, Shanghai, Chefoo, Tientan, Newehwang, Fort Arthur, Seoul, Chemulpo, Yakobania, Yokosuka, Nagoya, Osaka, Kobe, Kare, Shimononaki, Moji, Wakamats., Karates, Nagasak Kusbinotan, Sasebo, Maidzuru Mike, Hakodato, Taipeh, &c.
Telegraphic Address: "MTFEUI". (A.B.C. and A. 1 Codes). CONTRACTORS OF COAL to the Imperial Japanese Navy and Arsenals and the State Railways; Freipal Railway Companies and Industrial Wörka; Home and Foreigu Mai end Fraight Steamers.
with the schemo; the details of the amount to Mr. H. E. POLLOCK-I asked a question, bo spaded and how it would be expanded In 1973 and 1874 we had very keen competition Mr. Chairman; can I get an answer now?
could be made u matter for future consideration to face from Captain Band's two slips and the The CHAIRMAN propose to answer them by the board. I would only like to question Cosmopolitau A ock. The fight was a bitter all together.
one little itom in Mr. Michael's speech. I sm one, but as the opposition wus-losing heavily, Mr. POLLOCK-Then I have a few remarks to glad that he agrees with me in one thing, that the Board of Directors was persuaded to gon-muke, and I propose to make them just now the Company to day is very strong, and that tinge the struggle with the result that these (Applause.) Mr. Michael has gone very ably eur position is so strong that we could defy concerns were ultimately, in 1679-80, acquired into the financial position of this matter, and competition and carry on. My views on that on favourable terms by our Company. Now I think he has demonstrated to the satisfaction subject are the stronger the competition is if we are so rush es to adopt this scheme and of all here present that by embarking upon
the longer we can defy it; but you are double or treble our capital to compete with this new scheme we shall be embarking upon not going to get the dividends in defying Batterfield and Swire, our fate will inevitably what Captain Anderson calls a fancy scheme. that competition that we are all se anxious to be a similar one, Remember Butterfield and (Applause.) That is to say, we shall be got, and the only means of continuing prosper- Swire's money does not cost them 6 per cent, embarking on an undertaking which will ously and fighting all competition. is to place Our Company will be the losing party involve doubling or perhaps more than ourselves in a psition to do work more quickly and will ultimately be absurbed or doubling the capital of this Company and more cheaply, and then we can fight com- extinguished. Our present position with our without our being able readily to receive an petition. Now, gentlemes, I do not think there amall capital is absolutely unassailable and we adequate returns for our money, Gentlemen, ass any chlug further to be said unless some of should be able to defy all competition without shareholders of the Company, I take it that our the shareholders would suggest approaching ever showing a loss. (Applause) We now budinem is to see that in the future as in the the Government again for some modification come to the very important subject of cost. It past we are in receipt of an adequate return of the terms. The question is a very important Now is approximately estimated in the scheme at twe for our money. We do not care for an one. There are two sides to every question and a half millions after a period of four years. advertisement to be put in large letters in the both sides of this question are worthy of serious This is expressly given as approximate only, newspapers that we can dock the largest ship consideration. Both cannot be wrong and botti If you ask those with any experience of ballding built in the whole world. Our business as cannot be right. Now, is the question to your whether docks, houses, retaining walls, or any shareholders is to got an adequate return for minds serious enough to make ap your minds thing else one and all will twil you that the our money. (Applanen.) And, gentlemez. it upon it to-day for all time? Would you like chances are ninety-nine in a hundred that the seen
seems to me that there is absolutely no to dispose of the question to-day and simply cost, as well as the period, will be at least quite this wild scheme. It seems to me that we whereby the two scheines, for instance, might justification whatsoever for going into decline it or have you anything to suggest na large again. Let us take a moderate view of the matter and say the new dock will cost 4 may fairly say that our Company is at the be considered a little longer, further rises at millions and will be finished in 5 years. The present moment in a very satisfactory position. forward, and possibly some compromise be interest on an average outlay of $800,000 per The earnings for the last twelve months have arrived at whereby the future welfare of the annum, whether borrowed from the bank or not boon so high as previous earnings, bat we Company will be safeguarded. If any stare-115| from debeature bolders, will be as follows --- have obtained dividends amounting to $16 for holder in the body of the ball could suggest Un 8 luus at 6 per cent. for 5 yours $240,000 the last two periods of six months, and I think, anything in the way of a compromise even if it 192,000 gentleman, we have no reason to complain of involves an aljournment for a day or a couple 144,000 that result in view of the general clackness of of days I would be quite willing to adjourn the 56 000 business, and I think we may reasonably hope meeting for a couple of days'; but I would like 48,000 that in the course of time we shall have more the suggestion to come from the body of the tansto years-more profitable yeare-than hall us it is only with the best interests of the $726,600 | the past period of twelve months: I think Company at heart that I am now anxious that the question should be settled to day for all time. Mr.J. R. MICHAEL-So far, we have discuréd this very fully sad I do not see the boneft of postponing this meeting. The whole scheme has been befor us for mouths to think about So far se I see, it is a fatal scheme. I do not suppose shareholders could object if the direc tors communicated with the Government and luid another feasible, favourable scheme before the shareholders. But so far this is a fatn) scheme. The present proposition is quite fatal. Mr. LEWIS-You must retomber, Mr. Michael, that the dock will cost the same amount of money in any case,
8
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기
1
לרי
4
3
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22
A-40 lacs. Thas when completed the dock will, ou an [3284 average estimate and without reckoning
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compound interest, cost four and three-quarter millions al amount very nearly doable the capital of all our six ducks on which we have been working for the last 35 year. This is a must gigantic enterprise for little elony like ours, with its capital-raising ORAMPS, DYSENTERY, CHOLERA MORBUS, diarrhoea, and, indeed, all bowel complaints quickly relieved by Perry Davis' Painkillər, a. safe, sure and speedy enre, for all the troubles
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Mr. MICHAEL-Bat you could give us an other scheme that would be
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INVALIDS.
When prepared is similar to Breast Milk.
MELLIN'S POOD WORKS, PECKHAH, LONDON, ENGLAND,