SUPREME COURT. Monday, February 26th.
IN ORIGINAL JURISDICTION,
BEFORE SIR FRANCIS ProGGTT (CHÚSF JUSTICE).
THE HONGKONG DAILY PRESS, TUESDAY, FEBRUARY 27TH, 196.
Tramway Company was entered into. This Chien Commercial Company also assigned their Interest to the Peak Tramway Company for $35.00. Having read the statements of claim and defence, counsel said his Lordship would notice from the prayer in the statement of claim that it was framed in the alternative, -via--that plaintiff --gitber--claimed for a THE PEAK TRAMWAY LITIGATION,
resolutions purported The case of D E. Brown and others against declaration that the the Hongkong High Level Trainway Co., to be passed at the mostings in Juas were Ltd., and Messra J. D. Hunaphrys and Son of no effect, at all, out that the aprond came an for hearing. Mr. II. E. Pollack, K.C., defendants as general managers be restrainod instructed by Mr. George Hostings (of Me J. from carrying them into effect; or in the Hantings office), for plaintifi and Mr. C. Daltorniative they claimed that they had a right Wilkinson for other dissentients, appeared to object to the resolution which had bann for the plastiffs, and Mr. E. H. Sharp, K.C., passed to the uffent that they wore to take $200 and Mr. M. W. Flude instruoted by Mr. per share for their shares in the Hongkong J. S: Hurston (of Messrs. Ewons, Harston High Level Tramway Company. They said that the price ought to be determined by and Harding), for the defendants.
Before telling his Lordship on arbitration. what grounda they took objection, he had to
The claim was for ft a dealarntion that the resolutions which wore or which purported to
call the old Company. An ordinance was obtained in 1883 and Mr. Findlay Smith, who was the promoter of the now scheme, was the principal promoter of the old tramway. In 1885, pursuant to Ordinaacs, the old company was registered. Its capital was 8126,000 divided into 1,250 8:00 shares. construoted there worn only about 20 houses at the Peak, and in the first complato year of working, 1999, no dividend was paid, as was also the case in the two succeeding years. In 1892 it paid a dividend of two per nent and frota than till 1903, when the
When the line was
Peak haud steadily developed into a residential
district by the enterprise
of
tho
old
compang..tle dividend steadily rose from two par cant. to its maximum, 20 por Punt. In 1903 Mr. Smith, the promoter of the first schattio who had mean while sold out his interests in the old company, promoted a second scheme to run from Battery Path to Vistoria Gap, at
THE HONGKONG HOTEL COMPANY,
LIMITED.
The report of the board of direc'ors to be presented at the ordinary meeting of share- holders on Saturday, March 3rd, is as follows-
Gentlemen, Lu nccordance with section 56 of the articles of nazoviation, the directors now beg to enlit their report for the hali- year ended 31st December, 1905.
t
ACCOUNTH.
The profit on working acceûnt amounted to $18,202,45 as compared with $89,326,25 for the corresponding perial of 1904, being a decrease of $31.123.80..
The profit and loss account, including the sum of 3!!),126,40) brought forward from 30th June, 1905, shows a credit balance of 365,24940, which the directora recommend should be apportioned as follows:- To pay a dividend of a por cent. for
the half-year
he passed and confirmed at the meetings of the invite his Lord·hip's attention to the circulars the same point on the Peak whore the old live To transfer to repairs and rosewala shareholders of the defendant Compras, held on the 3rd day of June, 1905, and the 24th June 1905, respectively were audi are mira vires and void.
tulnction dated 22nd May, 100. They admitted that both circular and rotinu were to ko taken together. Counsel then read the circular con voning at extraordinary general meeting of
terminated. From Dec., 1903, notil Sept, 1804eerunt ourrespondence passed between the Company and the Government, in which the old Company stronuocely urged that conditions should be
(2) An injunction to restrain the defendants the shareholders for the purpose of sanctioning imposed upon the new Company which wonk
from carrying the said resolation into effect, or, in the alternative,
(3) A declaration that the plaintiff and all
the re-construction of the Company. The brat poi at plaintiff's desired to bring to the notice of
the Court was the submission that that notice of the intended holding of the meeting was the other shareholders in the defondant com- pany who have expressed their dissent in writinacient in point of law and that in conse ing from the said resolutions were not and are quence any resolutions purported to be passa not be and to accept the sum of $200 per shuro following on that notice would be reid. The notica contuineal no information of the intended which is mentioned in the said resolution, for
It only stated that schemes were to be their intenst in the defendant Company, bat† scheme. were and are entitled to require this defendants, | rubmitted. The question was whether that was Mr. D. Humphrey and on, as the sufficient information to enable shareholders to liquidators, either to sbtain from carrying the docute whether it was advisable to attend the said resolutions into effect or to purchase their ming or not. Referring to paragraph 2 of the eirentar stating that the object of the interests at price to be determined in the
reconstruction was to enable the Company manner prescribed by rections 201 and 202 of
Lo acquiro and construct a new tramway to tho the Companies' Oriliuance; 1965,
Peak which would otherwise to an independent direct working in company necessarily
There was no statement con- opposition. Isined in that notice as to the príos of constructing or the estimated prico the new fraway, nor was there suy statement that it was proposed to merge that company in one will six timos ita capital. The capital of the Company was at present $125,000, whereas the capital of the new Company was $750,000. No mention was made of the period of time required for the construction of the new
(4) Costs.
The statement for the defence showed that the defendants admitted the first eight paragraphs of the statement of chim, and amorted that the special resolutions therein referral to were valid and effectual. They admitted paragraph, but denied that the tramway and undertaking of the defendant company had been sold, and that the obtaining of the approval of the Governor in Council was not a parcerent to entering into an agreement
To write off from value of electric To carry forward to new account ...
plant...
RUBINESS.
. $18,000,00
KODAKS AT HOME PRICE.
+
· No. 3 FOLDING POCKET KOJAK (43-12-81.) $28.00
4 CARTRIDGE -
(£5-15-0,) $60.00
LONG. HING & CO..
No. 17, QUEEN'S ROAD.
JUST
LANDED.
GUICHARD POTHERET & FILS.
[35
SPARKLING RED BURGUNDY.
20 10,000,00
6,629.51
619.89
$65,249.40
TER CASE 12 BOTTLES
24 BOTTLES
SOLE AGENTS:
Bur custom shows a heavy falling off, and is clely responsible for the decrease in receipts. Other sources of rovemo have been well main-
HOTEL MANSIONS,
This buildine veru popoylated ep. 14th August, *1905.
prevent the new Huo being merely competitive with the old one and that it should be different terminar at obliged to ran to a the Peak. Conneel then referred to the introduction of the Bill and remarked that at the second rending on the 3rd Novem-tained. bor. Mr. Gershom Stewart, the seconder. suggested that the new line bo obliged to run to a differout terminus, and following tha the Governor proposed that the old Company should sand in a formal potition setting forth their case. On the 12th December, 1904, Mr. A. F. Smith applied to ba board by counsel in the Legislative Council, and on the 13th Decern- her the petition, asking that conditions should be imposed as alrendy stated, was sent in,
Mr. Pollock objected to the documents being put in, but
His Lordship asked if the application had not been postponed pending that action.
in the Mr. Sharp returned. an answer affirmative.
His Lordship sail ho was afraid he could not exclude that.
Mr. Sharp thou read correspondence from the Colonial Secretary, dated Merch, 1995, to the effect that the Government wore not prepared
for the sale of the said undertaking. Resp.cting trsriway, nor was there any statement of the to insist on the adoption of that condition.
price to be paid for the acquisition of the concession to construct the now tramway. Obviously there was insuficient information
shareholders and the to the
statement
of the General Managers and Consulting Committes was calculated to persuade shore holders that the pop sed scheme would be advantageous to them. The transaction was described as "reconstruction," but what an If the now extraordinary reconstruction 1
Tho eld Company had changed their policy of opposition to amalgamation. Although the Bill had only been road twice, it was clear that Mr. Smith had got his concession, and the Consulting Committed resolved in April to bring the sokens before the share Counsel than dealt with the motion bolders. consening the meeting and argued that it was
The resolu ample in the circumstances. tion in question was passed by a vory
DIRECTORY,
offers him for to dreth
39200-
$34.00
H. PRICE & CO.,
WINE MERCHANTS.
12, QUEEN'S ROAD CENTRAL.
HONGKONG FIRE INSURANCE
CO., LT
The report for prescatation to the share- Mr. W. H Fotts retires by rotation, but holdere at the thirty-seventh ordinary general
merling on Wednesday, 7th March, renda pem
The general managers and consulting com. The accounts have been audited by Messrs.mittee have pleasure in submitting to the H. U. Jeffries and A. R. Lown, CA, who offor shareholders the thirty-seventh annual report, of
the Company.
AUDIT.
Comelves for re-election.
Capital
EDWARD OSBORNE,
Chairman.
BALANCE - HEET.
31st December. 1905.
LAMLIVIER.
C.
$
12,000 phares at Shoezel (falls said wd 1100,000,00 1,6ortgage debentures
Di per centu
$60,30.09 Les 20 mortgage held by
the commgatay...
108,000,00 Reserve fund Sentry evelitors
Beliunst dividdermals.
Hongkong an Singhal tuking Cor
poration (urrent seement) pairs and renewals, balance as per
atatement.
1994 Account.—This secount shows a profit of $220,417.66, which suma, subject to the approval of the shareholders, it is proposed, to deal with as follows, viz.:~~
Dividend of $25 per sbaro
Addition to reserve fund...
$200,000:00 20,417,66
$220.417.06
1905 Account. The balance at oredit of this 50,000.00 nexant in $422,018.04.
848,975,78 16,637.81
Mortgages. From the reports and valuations 1,695.00 made by the Company's surveyors, the govera! managers and consulting committeo are satisfied 205,588.17 that the properties held by the Company form
29,071.19 ample security for the advances made, 05,249,40
$1.979, 217.36.
$ L
Profit and loss account, balance us per
statement..
ACHETS,
Value of marine lot No & and remaining
paragraph 10 of the statement of claim, the defendants denied that the second de fendant at any time agreed on behalf of the defendant company to purchase any right. benefit or advantage possessed by Alexander Findlay Swith or to pay therefor out of the fands of the defendant company the sun of $25,000 or any sum to Alexander Findlay Smith, or the sum of $10,000, or any rum to the Cains Commercial Company, Limited. Thongreement referred to assigned the rights to the China Commercial Company. They assouted to the scheme was to be carried out, it was extra large majority. Plaintiff and the other dis. Faruitars and fixtures, user registration of the Peak Tramway Company, ordinary that the notice did not state that the but denied that they assigned or purported to capital would be increased from 8125,000 to $750,000 to six times the original capital, or assign the property of the defondant company male mention of how the dividends earned on to the Peak Tramway Company, Limited. The the former amount would be kept np. Haring by a large majority, the plaintiff again being defendant agreed to assign the business of the quoted judgments showing that decisions had present and disonssing the scheme
defendant company at a future dato 'subject to the conditions of the agreement, but those con- ditions were unfulfilled and the assignment was not made. Furthermore the defendants denied that the plaintiffs had any rights under sections 201 and 202 an alleged.
Mr. Pollock, in opening, stated that he brought that matter before the Court in Nosea ber last, and now it came on for argument He then proceeded to read the pleadings, which set out that the plaintiffs, Mosers. D. E. Brown, Allan Cameron and others, wore share-
beon given in like circumstances restraining- defondants on the ground of insuficient notice, counsel argued that it could not possibly be said that fair neties of the now scheme had been given to the shareholders to enable them to judge whether or not they should attend the meeting. Proceeding, he pointed out that if shareholders took out 25,000 shares at $1o ench in the new Company cut of a total of $750,000 they would be in a minority in the now Company, and, having read the report of the meeting of the Company, stated that the Chairman had uffirmed two or three times that the Company was pledged to buy the concassion, but if that were se and it was admitted that $25,000 was paid for the purchase of the concession-it should hare been stated in the notion that $10,000 to be paid for promoting the
Plaintifs submitted that there Company was nothing to compel combined dissentients to accept the price of $200 per share. There was nothing in the regulations of the Coupeny to take away the rights of the shareholders, but that had since bean disproved. Mr.
ឥឡូវ
nety
holders in the defendant Company, the second dofendant being the sangers thereof. A eircular was issued by the defendants last year (Mag) giving notice that an extraordinary moeting of shareholders would bn bild te Fanction the dissolution and reconstruction of the company and to enable the compsay to acquire and construct new tramway to the Peak. On May 22nd a second cireular was issued in which it was stated that resolutions to the following effect would be proposed Li the meeting That the company bo Pollock quoted authority to support his cou- dissolved that the general managers he
tention that nothing in the articles could appointed liquidators: that the liquidators be displace the proviso of the Ordinance. The mere authorised to consent to the registration of a j
fret that there was a provision for arbitration new company to be called the Peak Tramway in the articles of association did not oust the Company that the liquidatora bo empowered to sell the undertaking of the company for $200 right of the shareholders under the Companies”
Ordinance. Mr. Pollock argued that an under-
|
Mentients were present at that meeting and discussed the achomo in detail. Then at the second meeting the resolutions were confirmed
upon
portion of marine lot No. 3 and re- maining portion of marine lot No. 7...1,605,380.00 Prays rehnation (maring lot No. 288).. 246, 140.50 Building thereon ** Hotel Massium," pay-
ments in account to cate Cost of three Chirwan houses on Nection.
B, C saut P of idend lot No. XO... Cest da Gowloon fu ar lot so. 5, perfion A
La-& pecun! Since added....
Installation of de tria light.
us per last account. Loss written off, as per last
report
inco added...
Consulting Committes-In accordance with section 13 of the articles of association, the prosent mombers of the ceramifter, the Hon, Sir Paul Chator, C.M.G., Mesra. Maitland and Haymond retire, but, being eligible, offor them-
elses for re-election,
Anditors.--The accounts have been audited by 231,510,90 | Messrs. W. H. Potts and T. Arnold and their 15,000.00 ro-uluction as auditors of the Company is
26.30 recommended.
JAEDINE, MATHESON & Co., General Managers.
BALANCE SHEET, DECEMRER 31ST, 1905. Dr. Liabilities,
5.117. 14 22,690.67
88,007.85
59,075.40 1,008.66
25,062,40 1,574.11
Capital subscribed £82,000,000.00
Amount paid-up...
Reserve fnud...
Stock aflinn, eruetery and glassware, kap. Stock of wine, provisions, honsehole sun- dries and stationery 1 per la enteries Shares in public congas ies liceuers attaching to half year to 30th
June, 19 Fire insurance, margnized povestin Value of steen launch.
debtor
poration Funclaimed diridentneromil gorg and shandad Making Cer Cash in hami
26,619.11 Uncollected dividends 46,278,25 || Accounts payable
18,241.41
5.706.31
1.177.8
5,000,10
•4፡13-
1,695,CA
127.35
...8 400,000,00 1,290,310,70 8,010,86 90,834 10
Working account, 1905,-A moust Workingnecount, 1904,-Net prost brought forward from below...
Cr.
A sote.
Cash, on surrant neat, with Hong- hour and Shanhai Banking Corporation
ILI
22,417.66
422,618.04
$4,318,300,80
... 131,901.8% $1,070,217.05 Cash in hands of genoral managers 1,449.37
Fixed deposits
its merits. The pries mentioned by the Con- sulting Committee was a fair one for the shares in the circumstances. Their reasons were those News of the opposition scheme had at that tim enormously effected the market. was practically The New Tramway Bill through and in consequence the shares had fallen greatly. In December, 19:4, the shares were quoted at 8:300, and in the samis month they bad fallen to 8280 and $265. Immediately after the second reading of the Dil they showed a further declins. In January they were $240 and $230 and on February and there was a side at $200. In May, 1905, when it had become known that the old Company was going to adopt the scheme and that the amalgamation would be carried through, the shares alightly ross again. Another reason for considering the price fored a fair cre was that in the opinion of the Consulting Committee it the scher had gone through it would have beca fatal to the old company. The new line wonki bave its lower station in a more advantageous position near the hotels and in the centre of the town, and a part of the line was to go through a very populous district. This portion To interest account. alone, it was estimated, would have made then director and auditors fees. opposition concern a paying one and would hare Balance, to be appropriated as follows:
$ To pay a dividety of 8 per ouabled the Company to carry passengers above
cent.....
$8,000.09 Conduit Road at fatal rates.
J'o transfer to re: nire and ro-
newals Reconnt..
10,000.00 cri
6,620.51
610.80
His Lordship-If there was room for them. Mr. Sharp-Room for whom ? His
Lordship--Room for the passangers, Mr. Sharp-Oh, yes, it was to have boon double line. Continuing, he said the new line would be more likely to pay because of com port Farthermore it would have the benefit of the bettor stations, esrriages and equipment.
and would bare experience of the old Company rained the old. Company if it pols did the Consulting Committee but the permitted to
opposition, only majority of the shareholders considered the price a proper one, and out of 196 dissentient ebares 170 were bought between the 15th and Those purchases were the 25th May, 1905.
Στι
10
PROFIT AND LOSS ACCOUN". For the six months ending $1st December, 1902. Dr. To bad debts and refunds.
To Crown rent........ To tes
To fire innraugh
To debenture installation 62
$500,000 at 3 par cont. To les returned on debentures held by the company .........
he write off valve
installation
electric
To carry forward to new ac
count......
Cr
kong and Shanghai
Barking Cption $10,000.00
Chart Bk. of India,
556,29
Art and China... 50,000.00
Morcsutil Hank of
JNZA)
India, Limited..... 25,000.00 *-
Chusolidation bouds $26,000.00
125,000.00
3,602,088.90
3,13-240
2,166.12
15,000.00
8,001.00
Mortgages.-
I Hongkong
In Shanghai...
11,375.3-1 5,395.68 3,200.00
In Yokohama
...31.184,000,0 452,361.61 25,725.39
Japanes Government deposit,
Imperial bonds...
61,200.00
War bond...
.... 24,000.00
111,200.00
Investments,
Chinese Imperial Gov
67,240,45
Shanghai Laud Invest.
$92,307,80
C
been By balauge Erem 26th June, 1905 165, 120.40
Lex dividend at 10 $ Not
per cunt. .......40,000.00
Lenu trofer to re- Inairsandrenewals
account Iess written
from valne electric inst tion.....
گاره
30,000.00
per share in cash or shures of the new Company taking could not be sold to a company and to enter into all necessary agreements Lo
then not in existence, and that the obtaining that effect. The meeting was held and this
of the consent of the Governor in Council resolations passed, the plaintiffs and others
A rule precedent to the sale of the dissenting. A sound meeting was held
Ha referred to the Ordinance obviously speculative and curtainly no extra- undertaking. and confirmed the resolutions, the plain which said "Subject to the approval of Gover-ordinary consideration was due to plaintiff and nor being first obtained the company may all, the other dissentients, In reply to his Lord- notico to the company to abstain from-and-erntended that the company were bound by. ship, counsel said it his Lordship came to the By rents of shops and offices,'
tiffa again dissenting. Plaintiffe then gave
carrying into effect the special resolutions.
conclusion that the arrangement by the com-
hotel mansiotu
*
C
27.588.20
erament loan, 1886. $25,803:07
ment Company, Ltd.,
S'hai Club debentures 9,333.33
Hongkong Hotel Co.,.
3.td., debentures
debentures
52,000.00
114,682.60
TORTURING ECZEMA AND PSORIASIS
Milk Crust, Tetter, Ringworm, and Scalled Head, and Every Form of Torturing, Disfiguring Humours from Infancy to Age,
SPEEDILY CURED BY
CUTICURA REMEDIES
The agonizing itching and burning of the skin, as in eczema; the frightful scaling, as in psoriasis; the loss of hair and crusting of the scalp, as in scalled bend the facial disfigurement, as in pimples and ringworm; the awful out- fering of infanta, and anxiety of word- out parents, as in milk crust, tetter, and selt rheowall demand a remedy of almost superhuman virtues to succes fully cope with them. That Cuticura Soap, Ointment, and Pills are such stands all doubt. No statement proven beyond
is riade
fed betharding them that is not justi
the strongest
evidence. The purity
and sweetness, the power to afford im- mediate relief, the certainty of speedy
and permanent care, the absolute safety and great economy have made them the standard skin eures aud humour reme- dies of the civilized world,
CAPT. GRAHAM'S CURE Of Distressing Humour by Cuti- cura. Doctors Tok His Money, But Did No Good, Captain W. S. Graham, 1321 Eoff St., Wheeling, W. Va., writing under date of June 14, '04, says: "I am so grate- ful I want to thank God that a friend recommended Cuticura Soap and Cuticura Ointment to me. I suffered for a long time with sores on my face and back. Some doctors said I had blood poison, and others that I had barbers' itch. None of them did me any good, but they all my money. My friends tell me my ezin now looks as clear as a baby's, and I tell them Cuticura Soap and Cuticura Ointment did it."
took
Culicers Fosp, Oltment, and Pili ara wild throughout the
Landen, Überkour
Stepan Town & Co. 8ydne• £2°AP\m, &i_Bazda
khem. Corp., Horton, Ul. 9. A., Solo 1700.
03- Mified Free," flow to Care Every Buinone,”
Drugs
56-13
A SELECT DAY SCHOOL.
SHREE University Trained
Foreign
Teachers and Capable Chinese Teachers. Careful Enporvision and individual attention sasured. Both ENGLISH and CHINESE taught. Special attention given to Conver- sational English. Only a limited number can be admitted.
ROOM for ONLY a FEW SEATS MORE,
Apply at once to
F. O. LEISER, Head Master, Chinese Y.M.C., 28, Des Voeur Road, Central Hongkong, 6th February, 1906. 358 ASSOCIATION NIGHT
SCHOOL
BUSINESS COURSES & SPECIALTY.
ANGLISH taught in 8IX FOEMS.
$500.00 E Careful inspection of all werk.
201,871,09
45,349.47 276.13 220,417.65
Steam fim angines...
Accounts receivable
$2,348,390 80
3.00.00
05,000.00
WORKING ACCOUNT, 1904. To losses and claims paid...
10,126.49
To charges...
$214,701.94 34,709.53
old baiting dinance. The resolutions for the wind.mittee and managers was not a bona fide one it By runts of ships and offices,
new building.. he said that on the 26th June plaintiff sent his
7.500 m
To remuneration to Consulting Com-
mittee and nuditors
3,500.00
2,501.00
To commissione .....
To exchange.
13.070.21
To balance as above
23,531.21
490.00 31.00
7.80 By net premía received, less returns
and reinsuran.com 8,202.45 By interest...
By transier feos... $92,397.69
$520,054.78
*.
$380,183.34 140,775.39 48.00
$520,954,73
WORKING ACCOUNT, 1905.
+
To losses and claims paid...
..3 $3,981.27
To charges...
30,996.63
To commissions...
11.736.73
To balance as above
The defendant company did not obtain the ing up of the company, etc., were passed without would be his duty to set it aside. Continuing. By rente of shops and offices,
such condition; they did not got the necessary notice of dissent, the effect of which
was a further acquiescence in the validity By divideiuts unshares in public companies
resolution. Counsel of the
ready seripa i trafor fen thea permission to wind up
correspondence between plaintiff and the
By bad debts regrered liquidators of the old Company, and said the liquidators gare notice of their intention that negotiations between them having failed, to carry the resolution into effect. Then, an September 20th.
consent of the Governor in Council for the sale or disposal of the property of the company, which approval was a rule precedent by Û din ance 2 of 1883. The fofendant company without the authority of the shareholders agreed to purchase all right, benefit or advantage possoss- ed by Mr. A. Findlay Smith in a project for the construction of a new tramway to the Peak and to pay therefor out of the fans of the defend ant company a sum of $25,000 to Mr. A. Findley Smith and $10,000 to the China Commercial Company, Mr. A. Findlay Smith assigned his rights and the money was paid over. In October last year the defendanta consented to registration of the Peak Tramway Company, Limited, and an agreement assigning the under taking of the defendant Company to the Feak
The Chief Justice-But it is not wound up yst; your injunction prevents that,
By profit on boted working neconut for the sia vnths ending 1st December, 195
To
REPAIRS AND RENEWALS ACCOUNT.
For the six months ending 31st December, 1905.
Dr.
罪 payments on account of repairs and re- newals during tui: half-your quding Blat December, 1905........ By balance...
Mr. Pollock--Assuming that your Lordship decrend that our injunction be dissolved the company would be dissolved. And supposing for the first time. the consent of the Governer was withheld all the plaintiff's solicitor in reply suggested the resolutions would be void. The now com-
the invalidity of the resolution. On October 17th Mr. Smith's concession was assigned pany cou'd not rm the tram; the old company to the China Commercial Company for would be wound up. The shareholders, by $25,000 and on the day following the new a capital of passing the resolutions, did what they had nu Company was incorporated with
were entored Then two agreements were power to do under the Ordinances.
into, but when the writ was issued the Goreru-
By net premis received, less returns 1,807.92 went indicated that the third reading abould By balance from last account................ be postponed till that action was decided. By amount transferred from profit and los
account, as poocmmended in last roport 30,000.00 By interest Having completed his recital of the facts, Mr.
By transfer fees... Sharp said he would deal with the law next day.
$91,607.02
Mr. Sharp said he proposed to open his case as fully as Mr. Follook in fact and in law. It was necessary to appreciate the whole case to consider briefly the position of what he would
The Court then rose.
Cr.
20,071.10 To exchange
$31,807.92
and reinsurances
#
47,581:32
SIX FOREIGN TEACHERS, TWO CHINESE TEACHERS, Opening from 1st March, 1906. For further information wall or write THE HEAD MASTER, Chiness Young eu'a Christis association, 26, Des Vaux Road, Central, Hongkong
[416 Hongkong. 15th February, 1905.
COLD STORAGE.
THE HONGKONG ICE COMPANY, Lo TH
have now 40,000 Cabis fact of Gold Storage available at Eser Roist. Stores will be Open at 10A.M. and 4 2.x, daily, Sunday excepted to receive and deliver perishable goods.
WM. PARLANE, Manager. Hongkong, 18th November, 1901. [47
PURE FRESH WATER.
4,346.74H HONGKONG STEAM WATER- BOAT CO., LD., is prepared to supply 499,618.04
ANT QUANTITY of PURE FRESH WATER to the Shipping, both for Dock and $559,524,00 Boilers. ...$411,551.07 147,692.93 80.00
$559,524,00
Call Flag W.
J. W. KEW, Manager, Wotel Mansions, 3rd Floor.
Hongkong, 8th Angust, 1905.
2807