Page
SUPREME COURT.
Monday, October 31at..
IN URINAL JURISDICTION.
BEFORE HIS HONOUR SIL FRANC
(CHIEF JUSTICE).
Placorr
COMPANY LAW-ITE RULATION TO "SHANGHAI COMPANIES."
THE HONGKONG DAILY PRESS, TUESDAY, NOVEMBER Jør, 1910.
COMPANY'S MEMORANDUM AND ARTICLES. ALTERED,
Mr. M. W. Stade, K.C., instructed by Mr. H. W: Logker (of Messrs. Deacon, Looker & Doscos), appeared og behalf of the petitioni ra, the China and Manila Steamship Company,{ Ltd, to ask his Lordship to confirm vertala alterations in the Memorandum and Articles of Association of the Company which had been duly passed and conlrmed by the shareholders.
His Lordship-What is it: to reduce F Mr. Slade said the petition was to sanction cortalu alterations in the Memorandum of Association. The application was made under section 14 of the Companies Ordinance, which required
to
the sanction of the
Court
[WRITTEN
**
PARIS. LETTER.
therefore resume his journalistic duties and continuo his weekly artido on the life of SPECIALET FOR THE "RONGIORG Paris in Le Temps which has proved so no-
DAILY PRES." |
ceptable. In addition to this, he will act as the theatrical critic of Le Journal, which paper bas kopt the post open for him since the ro grettable death of Catullo Montês.
October 7th.
Shanghai in the other, depends, as I havo snið, on the view which the Shanghai Court may fake of the question. I can only say that, the question, is full of difficulty. Take . 135, which provides that so action may be commenc. ed against the company after the winding up order has been made except with the leave of the Court. I have no idea whether the Shanghai Court could or would make the necessary order, Of course, to a certain extent, the doctrine of ilis Lordship delivered an interesting judg.submission to the jurisdiction may remove some mont in the matter of Company Law and its of the difficulties, bat assuming it to be cam-, relation to foreign companies. The question pletely effective (which, however, I do not think it is) against directors and shareholders, it cor- arose in connection with a petition for the winding up of the Dallas Horse Repository tainly goes no distance at all against creditors Company, Limited, of Shanghai, The petition, of the Company, who are after all the persons which was presented by Frederick Dallas and principally interested, because limited liability any alteration of the memorandum. In this Fichard Dallas, both of Shanghai, directors of the keynote of the Ordinance. But, sener. vase the objects and purpose of the allocations were to sanble the Company to transfer ita the company, was supported by Mr. G. C.ally speaking, parties cannot iuresta Court with Alabaster, instructed by Mr. Jackson, of Messrs. a jurisdiction which it does not possess; in the steamships to an American Company so as to Johnson, Stokes & Master.
concrete a company cannot bring itself within enable them to carry interport trade in the His Lordship, in the course of a lengthy judg. the provisions of the Companies Ordinance, if Philippines. The Company would, through its mout, anid-It is clear tint as this Company has that Ordinance does not apply to it: the juris. subsidiary American Company, carry on the beek registered under the Ordinance, an order diction is derived solely from the Legislature. same trade as heretofore, with the addition of can be made, in proper oircumstances, to wind it Whichore way the question be regarded we interport trade in the Philippines. The whole up. Whether the Registrar is right or wrong in always come back to the same question-Can what matter had been explained clearly sad fully to admitting a company on to the register, he is we call a "Shanghai Company" register under the the shareholders. Copies of the speech of the tration, and if registered, there being no means being one which is constituted in Shanghai and thor bail been asked to notify any objections | ward tendency, though at a mere moderate rate How can men, they ask, deal with such cases p the executive officer charged the duty of regis-Ordinance? What we call a Shanghai Company chairman had boon sent to every abarabolder,
in time, so that the feeling of the whole Com-Two months ago and even more the manager of which has its principal place of business, pr, as provided by the Act, that is, by winding up, the the French say, has its erege in Shanghai, pany, could be ascertained. The question of one of the leading working men's co-operative despair. It is, therefore, proposed to form whose only busincas ia in Shanghai, which crailitoes had been before his Lordship in Chamsteres in Paris was obliged to raisa prices; be an association in this country of women.
of suppressing a company otherwise than as
order for winding up may be made if a proper
case is made out under the Act. But directly the interim order was made in this case, it became obvious that the usual order staying pending actions could not he included in it: by which I mean, includel so as to be offer tire, for the order can only operate within- the jurisdiction; although such a clause was in serted as a matter of form there are not actions panding before this Court, there aro actions pending before the Consular Supreme Court in Shanghai-bat I cannot stay theni, for the parties are in Shanghai, and they can only be stayed by order of the Shanghai Court, That Court will refuse or make each order as to it many K60m Docessary in the sireuinstances; but it is beyond the province of this Court to suggest what order will be made. This initial diBculty having suggested itself, it is inevitable that this further question should force itself very prominently forward. Is it possible for a
company to avail itself of the Company Law of the Colony when its Courts cannot make an effective order in oonnection with its winding up The question, which is obviously ons of great importance, what companies may register ander the Act has never been exhaustively decided. It is quite possible that there may be a practica in Somerest House, but of this the outside world knows nothing; and it would som from the few reported decisions that the Act works smoothly enough, probably because it is o business question, and the people don't go to the
bers. The only big creditor, the Hongkong and Shanghai Bank, has filed a consent, and the small creditors had been dealt with in au affidavit filed by Mr. A. B. Lowe, chartered accountant. Hi Lordship confirmed the alteration.
I SUMMARY JURISDICTION,
BEFORE HIS HONOUR Mr. F. A. HAZELAND
(Acting Powñɛ Judos).
A PARTNERSHIP ISSUE.
does not carry on that or any business in this Colony, and which has nothin but a registered office in the Colony, the evidence of this being so more than a sign-board hung up in the ofloo of the Company's solicitors. Now some things are clearly established, The persons who apply for registration (who are the only persona we have to consider) may be foreignora -residing abroad, Secondly, this point is also abandanily clear, from facts which are common knowledge, that the "business that has for its object the acquisition of gain" may be abroad; for hundreds of English companies have been formed, for example, for making railways or working mines in foreign countries. Combining these two
we get to this, a company com. Mr. H. K. Holmes appeared for the plaintiff points
of foreigners abroad, for the and defendants were represented by Mr. posed purposes of making gain by a business P. Sydenham Dixon, from the office of Ar existing abroad, comes within the purview of the R. A. Harding. Act. But the Act also refers to "carrying
Chang Kai v. the Shang Hop firm was kn
action brought to roerver $56 10 said to be duo for sausages cold and delivered :laring 1907 and January, February, March, April and May of 1908
Mr. Holmes informed the Court that plaintiff had obtained judgment for the amount claimed, but the question of the defendant boing a partner in the firm was raised and his Lordship directed an issue to be tried.
His Lordship How are yon going to prove it?
THE FOOD QUESTION. The 'troublesome food question is not
THE INSTRUCTION OF PATRENITY, *parently, after all, so acute as it has been
As probably most people are aware, the represented. It has row transpired that there French are noted for thoroughness when once has been a good deal of exaggeration in the an ideal and the consequent need of action have report on to the amount of the deficit in the taken root in the public mind. The Society wheat crop and the wins harvest. One can only for the Instruction of Paternity in the Colleges sincerely hope this is true, and not a canard.
and the State schools has recently presented a report of its labours to the various Ministers The roussaring statement has had for result to depan pablico indígustion against tho restaura- of the Government; and stated the con- teurs, who have shown such interested precipitaclusions at which the Society has arrived then in crying well." At the Balles Centrales. in its study of the Eubject in its various stages or central markets of Paris, it is, however, (1)-Tao duties of the man towards himself; predicted that housewives must be prepared, st | (2) the duties of the man towards tho women; the approach of winter, to see the price of batter, (3) the duties of the man towards the child; eggs, meat, sugar, dry vegetables, and poultry go | (4) moral supervision specially directed to mili- up still higher than the prosent level. Potatoes,tary service. Let the woman pretest the woman which under ordinary conditions are gold ni 3 sous is the demand from the advanced Feminists in the kiloor 2 lbs., are six sous. There is no doubt France. They particularly point out the in- that the working and poorer middle classes will congruity of a young girl who attempts suicidü feel the pinch of poverty severely this winter. and is rescued being brought before the police Eron the co-operatives will have to follow the ap magistrate and interrogated entirely by men. Their presence often aggravates the wesaan's
can no longer sell as bofore a litre (1 pint) of wine for six or seven sous; these figures have now become 8 and 9 sous. The price of bread, too, has had to be raised. It is believed in some quarters that the rise in the price of meat has reached the high-water mark. The bakers' assistante are taking advantage of the public re- sentment against the bakers to revive their egitation in favour of increased wages, the weekly rot, and the abolition of night work. The Syndicate of Bakers' Assistants-in the hope of making things unpleasant for the masters-have renewed their demand for the application of the law, which provides that bakers must carry scales on their carts, and weigh the broad on delivery, if customers desire it!
Well may it be said without any exaggeration that one of the most noticeable consequences of the increase in the cost of living in France has been to embitter the relations between the working classes on this one hand, and the em players and tradespeople on the other. Recourse
CAPITAL AND LABOUR.
will be bad to violange unless there is soon aamo improvement in the state of things. By violence is mosat the pillage of bakers' shops,
proferails of mothers, who would wate their poorer sisters in distross, and sook to revive the spirit of pride and freedom, and try by employment to raise and encourage thom. Many of these afortunats girls are prostitutos. Nections to any, man, who has bean their rain and their shame, is the last agency to be employed in their reclamation.
FASHIONABLE CREMATION.
The latest in cremation in Paris, and other parts of fashionable France is a proposal te instal in houses a cremistorium, where everything cau be done on the spot, so in time we may expect crematoriams to be found in all well-regulated: househoite, like portable Tarkish baths. The apparatus is like a long blast furnace of steel, To get ap aufficient beat an hour is required, but the cremation itself is only a matter of a few minater. It is proposed to most all wants The apparatus can be purchased intright for 2,250 francs, plus incidontal expenses, which
will not exceed 50 franes. The foranoes, like gas stores, will more often: be rented than purchased.
EX-KING PATAUD
3
SHOCKING ECZEMA
FROM A PIMPLE
Seemed Insignificant but Soon Baby was in Terrible Condition *** Scratched and Cried with Pain- Mother Feared He Would Dio..
WHOLLY CURED BY
CUTICURA REMEDIES
"My baby was thron weeks old when he had eczema on his face. It was a
little pimple at first and we did not take any notice of it until he scratched it and made it bleed. The next morning it came on his free works, and I took him to tha ---- Hospital and they told me It was eo- zema, but it was noth- lag to be afraid of and they gavo me a note to take to the chemist to buy a box of ointment. But it dld him no good, in fact the eczema came over bla arms and shoulders and I thought he was going to have it all over lila body, Bo we took him to the hospital again and they told me to still use the ointment and to tie his hands at night, but it did not do a bit of good. I gave up all hopes of hun ever getting better, in fact I thought it would take him to his grave. appearance of the complaint was like a big hole on my baby's fore, Load which would run with matter and blood every time he scratched it. On bis anns his little shirt would be stuck to the flesh and he would cry with the palt He would try to get his handa fres' and rub thern against his head. Ablant I got Morna Cuticura Ointment and after using It I sald to my husband, 'What do you think of his arms and shoulders now?" and he said to me that they were getting along splendidly, so I told him what I had úvod and he want and hyught soras more Cuticura Ointment and roine Cul- cuen Soup. The trouble bas left him and 16 is now three months since we left off with the Cution:a Reinedlow, Mrs. J Hill, 20, Jerond 81., First Ave., Camel's Head, Davonport, Devon, Eng., Aug, 2 and 22, 1909."
Cesta Bgmedsen are gold thfulness the world. A nazie ant ellen rojen, Dersta: Logina, 27, CHAT- terhause, Paris, 15 Star de la Châui
tel 0. 6. A. Poisar Drug & Chem. Derp, Bate Prep,
pp. 124. Dan & Co.. Arder: A
AYTARINA, #2-paña Estĺburs Book, ng ALAMAN By va bar Care and Ffraiseus ni akan nod tim
COMPANY MEETING.
on business," and the question is whether the carrying on must not be in England-or, un der the Hongkong Ordinances, in longkong It is this question which has never, so far. so
NORTH CHINA INSURANCE CO., LTD, know, been decided. I deal therefore with
M. (formerly King) Patuid has retired from the question of construction first. The general
Mr. Holmes said the plaintiff carried on the pillage of wine shops, and the boysoiting the active field. He has informed the Electri-shareholders of the North China Insurance Co., The seventh ordinary general meeting of the principle is that Acts of Parliament are terri
Ltd., was held in the office of the company in torial in their application: but this requires business at Koagmoon, and the defendant of restaurants where prices have been raised, cians' Syndicate that he resigns his post as
"comrades" that he Shanghai on Oct. 25th. Mr. A. McLeod presided, ame explanation: if the Act applies to persons, was alleged to be carrying on business at Dear food thus means revelation in France secretary, but assures the then the persons must be within the jurisdie. the same place, and so far se the plaintiff sooner or later. At a meeting held in Paris will continue to be "a forvent syndicalist." He the others present being: Mesers, R. McEwen, tion; if the Ast applies to acts, the nots must know he
the sole partner in the a few evenings ago of the Union of Syndicates does not regard his work as a revolutionary as Jameson, and Wm.
Dalgliesh, Harry do Gray, A Hide, J. N. C. M. one of the speakers suggested that workers finished, but he thinks he will be in a better Bain, H. Giller, J. Samson, A. C. Hunter, E.
Meyerink, directors, be performed within the jurisdiction, and if defendant firmi. Plaintiff would tell the Court
A. J. Mactre
and H. G. Simais, secretary, expense of registering iho Act at Home unless persons are not referred to then they may be that the Shang Hup firm had been dealing with should demand two hours for their socant position to go on with it if he is independent. J. they really want to avail themselves of its bone beyond the jurisdiction while doing the nots him for some years, and that the defendant had dat o noua, a stone of one, so that and fros from the auspicion of living on the representing
notice calling the meeting having been fits and know that they must aubmit themselves within the jurisdiction. If the Aot. refers to personally called at his shop in Hongkong and they might go home to moale. Ánhither said workmen's syndiostos. Nobody regrets his road the CITAIRMAN spoke as follow to its liabilities. But here the question is a rights, then the rights are acquired within made an agreement with plaintiff that he should hours only the duty on wheat, prices would fall he has decided to change his occupation, which there are some personal matters I would like to
com-
neighbouring Colony of Hongkong there is an
It seems to me impossible that the Legislature
8e promican and brandonst an effect of legis-
WILE
settlement. In addition, Mr. Holmos said he
RENTALS AT SHANGHAL
CHINESE AGULATION FOR REDUCTION.
According to Chinese information, remarks
that if the Government would suspend for 48 "retirement," but one is only too pleased that
Before
post
A TEDNJA •
Lyall has been selected
to
fl
the
TAXATION.
VEGETARIANISM RECOMMENDED,
a
bat Free Trade is opposed by a mass of telephone at his allow, and nothing to do all
and judgmont as an underwritor. The aelich interests, whose influenco and the matus? day vo to sell olzpage. What will his been aufortunate in
nort eccajuation be? support they give each other renders them i
Bervices of Mr. W. F. Gray, our Hongkong particularly strong.
Taking advantage of the presence of caly 18 Ageat, who died very suddenly at
at that of the 44 members of the Budget Commission a in May last, while recently we lost the few days ago, a number of Députés succeeded in serviers of Mr. Grant, who Beef, mutton, and veal being so dear in preventing farther progress by ruting against Eastern staff about a year ago. Our heartiest France, the working classes are advised to try the new taxation proposal, and stating that sympathy is extended to Mrs. Grant in her and until the Clovernment had decided out a connect bereavement. The Forest and Ascounts having Imands for some time, I think wo they would contine the vote. The
the
port
joined
the
been in
to
Four
passing to thebusiness of this moeting jurisdiction. In ascertaining there accept $70 in full settlement of the claim. On vers important one: for reasons which I need the
are fore the soope of any Act we must see the following day, however, the defendant into their normal level. This plundering of the gave rise to no mach trouble. Come to that, he refer to. Since we lost met we have had to record
the death of Mr. W.G. Haynes, our London not go into, but which we may kume
what is the gist of it, what it is that sens took $40 to plaintiff's shop and tried to four only causes the worker to become daily more is always changing his accupation-a mlling ager. Mr. Bayne was best known to you us secret- saffloiontly potent, the Companies' Act han not,
it intends to control, Now with regard to the persuada the latter to accept that sum in embittered. Railwaymon, for instance, see in stone gathers no mon. Contrary to what he arg hre and before that as agent in 1
in Yokohams. as I any, bsan extended to China by Order-in Act, by process of exhaustion, as neither the
the discontent of the working classes generally, expected, his lecturing tour has not proved a 's interests and
Ile derated over 40 years of his life to the Com- Council. Therenpos promoters pf
the encouragement to go forward in their ances, while apparantly his views are not banding up your business in the East. Our and did yeoman service in panies in Shanghai, finding that in the Promoters nor the business need, as we have would produce the inventory registered at the
consistent with kin accupation of the men, be within the jurisdiction, it follows that Registrar-General's office, in which the defen. i struggle for better conditions of lite e yndicate, He, henceforth, becomes agent for iofaager of the London Brauch. Mr. etker · profession in getting resily to strike of paid secretary to the Electriosus despest sympathy is extended to his widow and
family. Ordinance to all intents and purposes ideation the carrying on must be within the jurisdiction dant's zame was entered as a partner. with the English Companies Act, register should have Intended to pass on Act entailing | decided the issue in favour of the plaintiffs word, sow to have had enough of tariffa. comfortable office, with a bug armchair, ice and we have every confidence iu his After hearing the evidence his Lordship and parslyss industries. Frosch ouvriers, in a firm of wine-growers, and will sit in a nice, has been over 28 years in the Company' here; and of course they comply with the re quirements of the Ordinance, such as they are such consequences as the Companies Act, which with coits. Furthermore, the Government of Hongkong was to apply to foreigners abroad carrying on has recognised the protics, and has facilitated a business abroad, if they merely have such a it by passing certain Olinances dealing with registered offles, noh as is the custom in the cass of the Shanghai companies, in Hongkong. local, registers. Now it as see what the effect of this is. These persons by incorporation hitinn is verer, could never, be contemplated. the N. Daily Note, a number of Chinese obtain the benefits of the Ordinanca the great I am of opinion, therefore, that in order that a business people in the foreign settlement, north vegetarian diet! Dr. Pascal, writing in Leed fusucial The suggested super-tax on may follow the usual enstom and take them s bozent of limited lability-bat the Court caunot company may obtain the benefit of the Hongkong of Hongkow following the example of the
отгово Chinese residents in that portion, called Journal, advises horseflesh, which in addi- enforce the penalties or other legal remedies Ordinance. it must "carry on" in Hongkong its together different shop people sud drew up stien to being very good is relatively cheap inheritances in the direct line, when the read. The business before the meeting is :- provided by the Ordinance. I have already busines, wherever that way be. Thors are joint petition to Viceroy Chang Jen-thun, The prejudice against horseflesh has had to number of heirs does not exceed three, was The passing of the report and accounts, the indicated that the usual order staying actions some sentences in Lord Hatherley's judgment praying him and the Tutsi to use their give way before now to poverty, scarcity and rojected, and a proposition to consider the new declaration of a final dividend and bonus to cannot be made effectively; there are numerous in Princes of Rouss v. Box which bear this finence with landlords to try to bring about a
taxation as a whole was also outrotod. The contributors, the placing of Tla 60,000 cut at estimates for 1911 include rather over £2,000,000 the year's working to silver reserve; the other things which the Ordinance sanctions in
of new faxation.
transfer of the balance of working account to the case of companies over which it has proper
underwriting reserve, closing the account for control: oven in so simple a matter as the ap
1909; and the election of directors and auditors for the hert working year. pointment of a liquidador, some ous must be appointed who is in Shanghai and over whom therefore this Court has no control. It is worth while considering this matter with a little care. A penulty is imposed by a 90 on the directors if the first General Meeting is not held after a ¦ to be "the office to which all communications cortaíu time; another penalty is imposed by 5. 102 if the register of mortgages is not open to inspection at all reasonabis times; and there are many others. By s. 114 penalties may be recovered before the magistrates in Hongkong. But the promoters are not in the Colony, and therefors they cannot be prosecuted here: and neither the Ordinavõs nor the English Act is in force in Shanghai: therefore the penalties cannot be recovered there. Again, take the ques tion of Orders of Court: it is quite sullolent to tako as an example the one contemplated by
reduction of rents of Chinese houses. They hunger," says the doctor. One-third of the out, although the point was not actually inked the representatives of the Hongkow rosid horseflesh in Paris is, however, used for making issue. His Lordship pointed out the passages ents to the meeting and learned from them abou and weɛt on to say:-.
sausages, which suggests that there is still a their audience with the Viceroy and the rescript from his Excellency, which was read to the very strong projadice against viande de cheval, There is only one The new petition was presented at the Burena real objection to the gathering, and much gratifestion was shown. or horsedesh, as such,
of barseßesh, of Foreign Affairs on Tuesday, and the Viceroy thinks Dr. Pascal; the animals that received a few representatives and entered them
да slaughtered to await the result of his conference with the Chamber of Commerce.
Now with regard to this "registered office," I think there are some misconceptions. It seamus to be imagined that it is sufficient to pat an address on the register, and to have a sign: board. Begistered Office" is defined by a. 95
RUBBER SHARES,
The fall in Rubbers, remarks an English financial paper, has been almost continuous since May, and, as is usually the case in a slump of this
kind, exhaustion has told its tale, with the result that the fall has been more severe of late, The values of the spring, Aro in this manner modiate possibilities of even the best companies, proved to have been far in excess of che in and those who have the highest interests of the indratry at heart regret that the price of rubber was over forsed up to 124. 63. per the loan to brder to bring the
પૂ It only meant that a long-sustained
are
1:30
OPIUM AT NANKING.
Mr. Gotte, H.B.M.'s Consul at Nanking, in his Report for 1909, writes:-
In the absence of any authoritative statistics
mant market. But for the tariff on mest supplied me from various sources, I am inclined theretition in rates on botter close rizi
French workmen might have. good Australian matton of Argentine beef for the price which they now pay for horseflesh,
long run in
on
and notices may be sent." I do not say that the question in altogether clear; but this seems to mean the office where the Company's business is transacted, and where there is an officer of the company who will receive the communications- say, for example, a writ in an action in the Hongkong Court. It that if this Court cannot stop any suits at all seene almost to fellow as a logical necessity, which are brought in the place whors the com- pany carries on its business, such a company cannot be registered under the Act. The fact 102, for immediate inspection of the register of is that, as so often happens, the jurisdiction of is the vicu inherent to the whole question. The Act or the Ordinance. Parliament avoids and with, the present level of prices into urge the Pre-ident to use his influence in to give any reliable figures, but it is certain Report and Accounts as now presented be mortgages. The Court cannot make it, and this the Court is not defined with precision in the price of the article down to its norma on a salary of 120 francs a month," and going on
yond its jurisdiction If the Ordinance kad au- the case of companies to the cosmopolitan of this decline it was hopeless to attempt to l by the Chamber of Députés, which increases fallen off during the past two or three years,
The volume of business for the your under review shows some insprovem nt compared with 1908, but losses especially during the latter part of 1909 and beginning of 1910 okl and worn: it is dificult to estimate the amount of foreign were heavy. I think, however, we may look
the out, instead of being well-fed with a view to the opiam which enters the port, but, from Agures outturn as satisfactory when we consider
littla has been
Or 30 abatement in the to think that the import during 1909 cannot be severe e for short of 1,100 piruls (1,310) ewts). This is We are continning one policy of conservative the largest recorded since the opening of the progress which has brought us to our present port to foreign trade in 1899, the searest satisfactory fanucial position as the approach to it being in 1904 and 1907, 19 days when the margin of proft on underwriting
which we consider the
gays in
these THE POSTMAN'S IMAS BOX.
the import was just ander 1.00 pienis. The days
In The facteurs or postmen of this city are increses is probably due to dealers increasing necounts is so small. maintaining and agitating for the suppression of etrennes or their stocks in anticipation of a rise in the price developing car business, it is essential to be Christmas boxes, with, of course, an increase in owing to reduced imports from India. Ludis able to point to substantial reserver, which are Their syndicate has invited them all to sign and on to the number of those addicted to the use of our recommendation to add to our reserves their wages, to realer this levy unnecessary. opinu, moreover, is principally smoked by the such a feature of the Companies with which woll-to-do, and it is not unlikely that the redue. we are in daily, competition, and we hope send to the President of the Senate a postcard, the drug, which has nudoubtedly taken place, is will meet with your approval. I shall be pleased beginning: "The cost of living is increasing principally confined to the poorer clases, who to answer any questions to the best of my ability. very greatly. It is impossible to live in Paris their means. now ard eve
even the cheaper native article boyond None being forthcoming the CHAIRMAN
Baid: With regard to native opium it is impossible I bare now the pleasure to move that the may be considered to have getting the Senate to pass a Bill, already voted that the annual consumption has considerably accepted and passed.
Mr. well attained. During the
„JAMESON-seconded, and the motion was it is perhaps suited in bean pratty
perimi
principally owing to decreased production and carried unanimously. sentimental effect of the fall in stay the collapse in shire
The their wagen. quotations
increased taxation.
The CHAIRMAN proposed that a final dividend Writing in 1901 the Commissioner of Customs of 7 per cent, on the paid up capital and e of the article was so great that it was useless in the price to discuss the prospects of
It is not the first time by a good many that says. I have unfortunately no statig is to bonus of 15 per cent. apon contributory pra the best
prove
how much native opinn has gained ground minus be distribut d. both payable at exchange placod
caught up reserve, and tha balance be transferrod
Court cannot make orders on persons who are bo- definitions, and
thorised the registration of Shanghai Com- nature of our commerce to allow the scope of panies and had extended the jurisdiction the Act to be interpreted as widely as possibla,
diation had bean given to the Shang question of jurisdiction in overlooked in practice.
Mincing-lane this
even
ti
ditions that govern the
the industry
THE COMEDIE FRANCAISE.
of the Court to them, or if a special juris-But the inevitable consequence is that thed companios, whilst the fundamental con- we have heard of the contemplated retireinent in the foot dado in Nanking; but, from being 2/51; that Tls. 60,000 he transferred to silver hai Court, that would have been another Tho úbsance of definition has brought within | stato of chaos. It is now to be hoped of M. Jules Clarétio from the Comédie-practically unknown in 1867, it has caught up matter; but neither of those things has been the Aet tro chsses of distinotly foreign steadier tone will prevail for rubber, and that Francaise. This time, however, it woukl appear at passed its foreign oplum by some bandreds ( account for 1909.
.B
were in
that a
be
and
drawn
and its consumption to underwriting reserve account, closing the ries Toy exceeds that of done. Shanghai Companies are enabled to go companies; it certainly was never intended to
H. Mr. the share market will be gives a little breath that the popular director has seriously made of
DE GRAY seconded, and this motion hicula every year. The annual consumption. through the formality of registration owing to
pass na Ordinance for foreign companies, yet, ing time in order to take stock of the position.up his mind to leave on the 23rd of the present of zatira opium in Nanking may be placed some was also passed.
There is no question that a great future lies month, on which day he will have managed the whore bet
whore between 1,000 and 1,500 piouls, of which, Mr. M. BAIN proposed that Messrs. the somewhat indefiaita way in which the
as we have seen both these classes usy withou in front of soundly orgsuired rauber companies, theatre for 25 yoses. Either Mf. Albert Carré, in a normal yes, about 50 per cent., would be Melcod, Dalgliesh, de Gray, Hide, Jameson,
from Hez Choa (Chiangsu), 42 Ordinance (like the English Act) is drawn; but andno stretch of language be called" companies Į although a certain amount of time will at present manager of the Opera Comique, M. from Szecliuen, and the balance, 8 sent. and Meyerink by re-leated directors of the Com this does not alter the fundamental rule that established in the United Kingdom "-if the needed to sift the good front the bad, but when:
pary, and that the remuneration of the dires- per cont.,
tora be Tis. 6,000 per annum. a good proposition is closely ascertained in all Frisson, dramatic critic of Le Temps, or M. from Yunnan. orders are only made by the Con't when they fulfil a certain condition-carrying on in the probability its shares will im diridends. Marétie.. After leading to active a life M in this province, and none.st Hau Chou, which unanimously adopted.
This was seconded by Mr. H. GILLER, and United Kingdom, the business for which they it displays its powers of distributing
value as Richepin, the celebrated poet, will succeed M.
There is very little, if any, opium now grown
were established. The question now is whether A very similar process led to be gene through
was until recently the chief producing centra, On the motion of Mr. H. A. J. Macnay, Most of the native opian now consumed in seconded by Mr. I SAMSON, Messrs. Wingrove class of company in which that condition in
Nanking is said to come from Honan province, and Hayter were re-appointed auditors for the not fulfilled somes within the Act, and without
opium has increased by nearly 60 per cent,
During the past two years the price of foreign ensuing year. hesitation I answer, No.
This concluded the business, and the Chair-, while that of native opium has more than trebled, mas nanounced that dividend warrants would
be posted next day.
can be enforced, otherwise they are brutum fulmen. With regati to the effect of the winting up order itself and to other consequent orders, which are essential to winding up a company, their operation in Shanghai in the one case, or the possibility of there being made in i
ia
in regard to Rand mining companies in their Clarétio could not think of remaining early days, and despite the great snaces of that idle. It is no secret that ho is as bril industry, as measured by results, it had its liant journalist as he has proved himself alumps and period of depression before the undertakings became thoroughly organised.”
an excellent theatrical manager. Ho will