A. S. WATSON & Co. WHOLESALE AND RETAIL DRUGGISTS,
GENERAL CHEMISTS,
AND
Deliverios in Town and Harbour from
7 A.M. to 7 P.M.
THE HONGKONG TELEGRAPH-FRIDAY, DECEMBER 9TH, 1881.
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The Coroner's Inquest on the body of Captain N. Harvey, of the steamship Oleveland, who shot himself through the bond at Aberduon yesterday morning, will be held at the Government Civil Hospital at 3 o'clock this afternoon.
.
Says the Weekly Bulletin: --Whatever conclusion the political economists may
came to, the inines and miners of the
precious metal in the United States hold fairly evon hand as between gold and silver. Last year's product of gold is sat down at $365,00),000, and the pro- duct of silver at $30,000,000.
admirably conducted charitable, in- stitutions, in the colony, of which L'Asile de la Sainte Enfance at Wan- chai is an excellunt examplo, are so badly in noed of funds. If the few permanent residents at the Peak care Manufacturora of the following
so little for public worship that they AERATED WATERS, viz: SODA, TONIC, SARSAPARILLA,
decline to come down to the city on Sunday mornings, we think they AND POTASH, LEMONADE, GINGERADE, RASPBERRYADE,ight manage to rub along comfort- ably without any public spiritual AND PHOSPHORIC CHAMPAGNE. counsel. If they must have their toy church and parsonago let them pay for the privileges attached thereto out of their own pockets, and not pose as saintly beggars before a The annud regatta given by the publie which has a sufficient num- Victoria Recroation Club has boon ber of doserving clalins to attend to, fixad Ere-Friday the 23rd an I Satur lay without being called upon to support the 26th inst. The progrunne is shallow absurdities of this description laid ou similar lings to that of lust Before the local Government will your, the only notable change being consent to look favourably upon
the substitution of pair onroi outrig. what the China Mail torms a "laudablogers instead of sculling skiff in the race Er the Ladies' Parao. Entries, proposition," we should imagine that a few inquiries will be instituted except for the Flying Squaden, cl
to the Hon. Secretary, Mr. R. K. Loigh. 1s to the necessity existing for an
on or before December 19th at 6 p.m. addition to our already numerous churches, and the claims of an in-
Yosterly being the fourth annivor- significant number of householders
sary of the opening of the Catholic. at the Peak to any exclusive assist-Circle a concort w is given to celebrato ance from the public exchequer, the event The hill was tastefully de-
SHIPS' MEDICIENE, ČHESTS REFITTED, PASHENGER SurPS SUPPLIED.
Prompt Attention given to Coast Orders.
CANTON DISPENSARY,
:
HONGKONG DISPENSARY.
HONGKONG. SHANGHAI, PHARMACY,
SHANGHAL
CANTON.
Гоосном
THE DISPENSARY,
THE
Hongkong Telegraph. Will the advocates and supporters of
Hongkong, 9TH DECEMBER, 1881.
is not so.
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large
After a fow words of thanks from Me Silveirs to the audience for their kind support of the institution, a very excellent programu of vocal and instemaental music was most satis- Factorily gons through, the efforts of the various performers eliciting fra quent applause,
The statement in last night's Chino Mail to the offect that a St. Andrews
At the mooting of United Service Logo, No. 1,311 held last night, the following officers for the ensuing year were alcatel by ballot :-W. M., Bro. J. Windrum; Treasurer, Bro. W. Goul- bourn Tyler, Bro, J. Grimble.
A religious work, from the pen of Mr. Dwight L. Moody, the colebrated American Rovivalist, las recently boon published at Chicago. It is entitled,
Heaven, where it is; its inhabitants, and how to get there." This should prove a useful study to the outerprising promotors of the proposed now Church at the Peak.
The French frigate Themis nadooked, and the British steamer Mary Tathem docked at Aberdeen last night. The steamship Cleveland will come out of dock there this afternoon, making room for the German barque Elise, and the Gorman brig Sophis. The steamer Folion came over from the Cosmopo. litan Dock this morning.
In Paris fifty per cunt more males die from consumption then females. The population of the city is 1,988,806. The wookly increase of births over deaths averages 300. In London it averages 1,100. In New York for the week 6th to 13th September 289 more deaths were registered than births. The Paris street cars and omnibuses carry an average ouch week of 17,345,000
persons.
The Daring, 4, composite screw sloop, Commander Fraucis J. J. Elliot ar- rived at this port this morning, from Manila. The Daring was commission- el at Shoorness on the 10th of Feb. rary last for the Chinn command, and this is her first visit to Hongkong, as on arriving at Singapore she was or- derod to reianin.there until relieved. The Mosquito was sent down recently to Siugapore to take the place of the sloop, and the Daring left that port on the 18th alt. calling at Labuan on the' 29th, and Manila, which port she left on the 7th inst. The following is a list of the officors :-Commander Francis J. J. Elliott, Lieut. Reginald Y. Smith,
Nav-Lieut. Houry Preedy, Lieutenant Francis G. De Lisle, Staff Surgeon James B. Drew, Paymaster John H. Cloverton, Chief Engineer Thomas F. Hight, Sub-Lieut. Edward C. St. J. B. Nenlo, Engineer John J. Atkinson, Ganaur Frederick Bryant, Carpenter Richard Taylor.
cor itel for the occasion with over. this so-called laudable scheme kindly grons, an i the exterior of the builling furnish the community with the own- wis illuminated with a variety of JA- Ir has been publicly announced that ber of permanent residents at the puriss lantarus. There wis
atten lungo prosont, amongst whom wo over half the sum required for erect-Peak daring the summer and winter ing a small Church and parsonage at
months respectively? Will theyisl the Portugusa Consul, Mr. J. the Victoria Gap has been subscribed kindly give the numbers of those raro, Father Burghignoli, Mr. and Mrs. J. M. Ploming, Mossrs. J. J. by rosidents more immediately inte- who attend charch regularly or oc-
Francis, A. Silveira, Rons-lios, and. rested in the movement. Whether casionally, also ofthose who nevergo
many of the levling Portuga038 resi- Will they further
douts. the proposed Church is intended for to church at all? members of the Church of England, detail the numerical strongth of the or of the Kirk of Scotland; for various denominations, as repre-out- Does it not Dissenters or Roman Catholics; for ed up in cloud-land? Buddhists or Mohommedans, is not
strike one as reasonable to suppose that permanent dwellers on our high clearly stated by our ovening con- temporary; but we suppose it is fair levels, who are so desirous of attend to presume that all of those various ing public worship, do not undergo sects would have a right to worship, very great hardships in coming down each on his own way, seeing that the to the city once on Sunday? Is it assistance of the Government is not a safe conclusion to arrive at solicited. If a party of enterprising that temporary visitors to the health- Socioty has at length been organised in Hongkong is so nowhat promatnre. residents at the Peak like to sub-giving regions so high up above sea.
The advisibility of establishing in scribe for the erection of a church, a level, go up there for other purposes Hongkong an institution on a similar theatre, a public-house, or any other than church-going, and that, in fact, basis to that of the Calo lonian As30- establishment of a public character they would not attend service if there oiations which are to be found in mast at Victoria Gap, we do not see that were a dozen churches instead ofone! parts of the world his boon frequently it is anybody's business to interfere The question can be drawn into inootad, and generally approval, with persons who have a perfect very narrow limits. Government withont, however, leading to any defi. right to spend their money as they aid for the purpose of gratifying the uite result. At the annual dinner of
CANTON INSURANCE OFFICE. please. Therefore if the residents, selfish aims of a few narrow-minded the Stewards of the St. Andrew's Bill,
A mooting of the shareholders of the înore (or less f) immediately interest sectarians, without in any way bene- hold on December 1st, the subject was
Canton Insurnace Office was hold at ed in this movement, had decided to fitting the general community, is too brought up by Mr. James Boyd an 1
the office of the General Agents, erest this tabernacle entirely out of much of a joke to require serious the Hon. P. Ryrie; and at a masting
Messrs. Jardine, Matheson and Co., their own pockets, we should have consideration, so we can comfortably of the same body on Waluesday even- had no valid grounds for criticising shelve that part of the "laudableng the last named gentlemen again yesterday afternoon, for the purpose of the undertaking. But in this case it proposition." The public may sub-introduce the question. Twenty-eight considering a resolution for the wind- of the gentlem in present acquiosco lining up of the company, and certain "A further sum of a scribe to this project, out of respect the proposal to establish a St. Andrew's proposals for its recastitution. There little more than $2,000 has yet to be to the saintly character of the pro-Society, and Mr. A. McClymont were present-Hon. F. B. Johnson raised; and a subscription list is now moters; but we doubt it much in kinlly consente 1 to act as H. Sore. (Chairman), Han. P. Ryrie, Messrs. lying at Messrs. Lane, Crawford & this practical age. The whole of tary pro. tom. in order to further pro- II. L. Dalrymple, W. H. F. Darby, A. Co.'s for the purpose of giving those the churches in Hongkong are not liminary arran remonts. We are in. T. Manger, F. D. Sassoon, D. Ruttun- residents who desire to aid the so well attended that an addition to formed that a public meeting of Scotch- jee, T. Jackson, J. Macgregor, R. H. scheme an opportunity of doing so." their number is rendered either ne- man will shortly be convened to settle Hormasjee, F. H. Arjanes, D. Inpes, J. A., Remedios, H. G. James, H. W. This public appeal at once brings cessary or advisable. It is a matter all particulars.
Davis, K. M. Tata, E.. Cowasjee, and the "scheme," a good name for the of notoriety that the attendance at
G. F. Alford. proposed undertaking, without a Union Church, notwithstanding the doubt within the pale of public great abilities as a preacher, and criticism. The community of Hong. general, popularity of the present kong are proverbially generous, and pastor, is the reverse of satisfactory possibly a large number may respond A church at the Gap would doubt- to this invitation, and subscribe the less take away the majority of even amoant required. However, our duty the present select few. Before sub- in the matter is quite clear, and that scribing to a new church, citizens is to provent the good nature of the with long purses and generous spirits, members of the community from should drop in at Elgin-street any being imposed upon for the support Sunday morning, where the naked- of a movement, which in the face of ness of the land, so far as the neces well known facts, is quite unnecessity for this proposed innovation, sary and uncalled for, while so many will be fully exposed. really deserving local charities Unless the whole business is meant sorely pressed for funds to carry on simply to gratify the inordinato va their good work.
nity of the prime movers for this The proposed new church and church and parsonage, the subscri- parsonage at the Peak, as emblemsbers who have really an honest and of lazy church-going professionalism genuine desire to see a place of wor- and modern Pharaseeism, if they ship established at the Peak, will over become accomplished facts, will doubtless after roading the news re- doubtless answer their intended received by last mail see their way to quirements. But will this scheme, abandon the present project., Her apparently hatched and fostered by Majesty's War Department has de-
Government might turn to reinunura-
have also been in telegraphic commu- half a dozen professional church cided to erect a sanitarium for the tive advantage. It is not, perhaps, nication with the London Agents on the goors to gratify a morbid craving military at the Peak, and there can
generally known that the Portuguese subject. Wo have been animated by a exercise authority on one side of Timor desire to accomplish two objects-the after notoriety, and for their own be little doubt that a convenient
while the Dutch claim sovereignty over one to give to all supporters of the personal convenience, find sufficient place of worship will be included the other; but evidently the more valu-office, whether shareholdera-or-not, a favor with a practical public to induce in the plans submitted for the ap-able portion of the island and its out-of-fair proportion of the profits which them to farnish the necessary sinews proval of the Government. This the way. position can alone account for of war? We think not; and we ought to answer all reasonable re- its resources not having been turned to sincerely hope not, while so many quirements.
advantage.
are
We have had the opportunity afford. us of examining certain mineral A piece of of carbonaceous shalo gives ground for specimens from Timor. supposing that the generally associated mineral-coz-may exist on the island in workable and payable quantities. This is a matter well worth investi gating; and with the increasing trade relations between the Southern and
Eastora Colonios of Australia with China and other countries, is a subject of more than ordinary importance. The position of Timor is contiguous to
more than those steam trade routes; but Dutok jealousy and Portuguesa poverty have contributed to retard progress, and prevent the development of the natural resources of the island, There is undeniable evidence of the presence of copper in the island, from the sample of ore submitted to us for inspection, which the specimens of copper pyrites strongly support. Here, again, is an opening for a great indus- trial occupation, which the Portuguese
The Chairman said.-Gentlemen, at the annual general meeting, which was held on the 28th October, I called the attention of the shareholders to propos- ala which were under the consideration of the Committee and General Agents for the purpose of reorganising the office, and bringing the principles upon which it is to be conducted into com- plete accord with the conditions of business at the present time. To use the scientific phraseology of the day, we have felt, that if our organism is to survive among the fittest it must har monize perfectly with its environment. I stated to that masting that the bases of the proposed reorganization would be limitation of liability with adequats. reserve of unpaid ospital, aconmulation of a reserve fand, wider distribution of shares, and a permanent office. Siuce that time the Committee have beca most carefully considering the precise- form in which these proposals should be submitted to the shareholders, and
possible of contributories to make in effect the contributories of business as nearly as may be practicably identi oal with the proprietary, body, while - not excluding from participation in the profits those who support us with busj- hoss and yet may not have their names on the share list. To effect these two
objects we deemed it advisable to have.- a wido distribution of shares of a da-
nomination within the convenience of every class of contributor, a fixed rate of interest of 10 per cent. upon the paid-up capital to be a first chargo upon the profits, and an annual ap- propriation, the extent of not exceeding 30 per cent. of the profits to go to re- serve; the interest on reserve and the reservo fund itself to belong to the shareholders, thus guaranteeing on a first charge a good return to the share- holders upon their investments, and giv ing them the prospect of a growing di- vide ad annually, according to the suc
cos of the office; the remainder of the not profits to be distributed among all contributors of business, whether share- holders or not. Our proposal in terms is to issue 10,000 shares of $250 each, representing a capital of $2,500,000, upon which $50 per share, or $500,000, will be paid up, and to offer to each shareholder in the old office a preferential allotinent in the new Com. pany of 10 shares, representing say $500 for each one
of the old shares, which will represent $414.44. 3,000 shares, and will leave 7,000 new This preferential allotinent will absorb
shares to be offered to the public. In the distribution ofthese shares we think that
regard should be had to the probability of the allottee be able to contribute business to the company, and that by the deed of settlement a certain power. of control over transfers should be left in the hands of the Committee and General Agents. As I stated at the general meeting, in order to bring the company under the provisions of the Limited Liability Ordinance it is ne. cessary to wind up the existing office and form a new company. For that purpose a formal resolution will be laid before you. The terms of that resolution have been duly advertised. If the resolution be carried, other proposals expressing the opinion of the mosting as to the plan of reorganization will be laid be. fore you, aud, I hope, will meet with your acceptance. As the funds of the old Company in liquidation will not be available for the purpose of the now Company, which will commence busi- ness on the 1st January, and as it will be impossible to obtain payment of the new capital by that date, the Ge- neral Agents have arranged with the Committee that they will themselves pay up the capital on 500 shares, say $250,000, and deposit the money with the Company's bankers as security for the policy holders, holding the shares ouly until they become transferred un- der the arrangements of distribution. The entire capital may be depended upon to be paid up before the end of January.
Mr. Dalrymple moved" That the Company be wound up voluntarily as from the 31st December, 1881, under the provisions of the Companies Ordin. ∙ances 1865 and 1877, and tbut the Hon. Francis Bulkeley Johnson and Edward Fleet Alford be, and they are, hereby appointed liquidators for the purpose of sach winding up."
Mr. Sassoon asconded, and the reso- lation was carried unanimously.
The Chairman 'said that really con- stituted the business for which the meet- ing was summoned. The proposals which were now to be submitted were submitted merely in order that an ex- pression. of opinion might be elicited from the shareholders present on the new constitution of the office they pro posed to establish.
The Hon. P. Ryrie proposed and Mr. Darby seconded" That the in- tereats represented by the Canton Insurance Office, about to be wound up by the foregoing resolution, shall be formed into a Limited Company to be registered under the Companies 1865, and called the Canton Insurance Office,
Limited, to commence business on the 1st January, 1882."
Carried ananimously. Mr. Munger proposed and Mr. Darby seconded-"That the Capital of the company shall be $2,500,000 in 10,000 shares of $250 each, $50 per share they are mainly instrumental in treat-paid-up Shareholders-in-the Canton ing, and the other to maintain as a Insurance Office to be entitled to pre. proprietary body as wide a cirole as ferential allotments to the extent of 10