Kitimations.
NOTICE.
THE HONGKONG TELEGRAPH, FRIDAY, MARCH
half a million dollars had been expended in new plant and machinery and how much more in skilled s
In skilled supervision we are unable 10 even guess at, and the Company's liabilities were somewhere in the region { $2,571,629. Of what value any such A. S. WATSON & CO., LTD. comparison could possibly be under these
¿HAVE JUST REGÈIVED THEIR ANNUAL SUPPLY
>
of
GRASS SEED
L
A W N
and
SWEET CORN,
for immediate sowing..
THE HONGKONG DISPENSARY,
Handons and March, 1888.
[
entirely different circumstances, we leave our readers p decide. But Mr. Balt- -InvinG's assertion that the revenue of the Company had. steadily increased from 1878 to 1887 is not supported by facts. The gross returns for the last half of 1887 were the smallest, with one exception, since 1584, being over $173.000 less than for the corresponding period of 1886. The one exception referred to was the first six months of 1885, when the gross receipts were $661,071.50 as against $680,877.41, but in this particular instance it is especially noteworthy that the net profits amounted to $141.325.05, whereas on the very much larger return quoted by the Chairman the net gain only reached 893,808.41. But after all, of what practical utility, were, these references to the revenue of the Company? They were utterly useless, and simply on a par with those other well worn stock phrases about the Company's establishments being AT the shareholders meeting-held-a-few-
In first rate working order, and capable of weeksagothéChairman (Mr. BELL-IRVING), in making a sort of quasi-apology forrning out as good work as home ship- building yardsandatascheap rates-feeble
The Houghong Telegraph
HONGKONG, PRÍDAY, MARCH 23, 1888.
THE DOCK COMPANY.
(Continued.)
Directors, on a profit of $47,000 less than that of the previous half-year, what was the result? The Chairman of this immaculate but most inconsistent Board, justined their inconsistency by saying that, as the profits had not been large, the Directors thought better to declare a dividend of 6 per cent.; which was at least one, and a half per cent, more than the figures justified. Was there any pressure from the shareholders on this occasion? We never heard of any, and if it had any existence it was used solely for purposes of share gambling.
Another very serious mistake in the Dock management has been the altogether unnecessary increase of the European employés. The current expenses inrunning the business are simply preposterous considering the amount and character of the work done. The skilled staff is more than twice what the necessities of the business require, and in many instances the salaries paid are far beyond the merits and services of the exceedingly lucky recipients. Times have certainly changed greatly in this very important respect during the past seven years. On this point it may neither be prudent nor efficacious to indulge in personalities, but since the Board of Directors, for their own purposes, have publicly instituted com-
have been engaged in sketching plans of the ironcinds and steamers of large class of which we have heard, so much, and seen so linte."
In our concluding article to-morrow we shall take the liberty of stating what in our opinion should be the future policy of the Directors of the Dock Company.
TELEGRAMS.
(From the Courrier d'Haiphong),
THE FRENCH BUDGET,
PARIS, March 14th, The Chamber of Deputies has concluded the discussion about the Budget of expenditure.
GENERAL BOULANGER.
March 15th, General Boulanger has been placed on the retired list.
•
SAIGON, March 16th
The reason why General Boulanger has been placed on the retired list is because he has entered Paris three times without authority, and it disguise.
LOCAL AND GENERAL. MR. Sangster's next Organ Recital will take place in the Cathedral on Thursday, the 29th inst., at 9 p.m.,
SOME French spelling reformuers are trying hard
PRINCE Bismarch has alterated his opinion that the present coloplications in the inter- national situation in Europa will have a peaceful solution, and his preparations for arming 700,000 extra German troops indicate that the old gentle | man means to back up his opinion if need be..
ille report and accounts having been in your hands for some time past may, resume, he taken as read, I have very litle to add to the report, which' is the most satisfactory one we have been able to lay befor your Tim Company is now on a sound basis, its property standing at a fair valuation. The steamers int in thorough working order, the Diamaute
STRANGER (to office boy)-Did you tell the editor having only recently undergone extensit there's a man down-stairs, what wants to knock repairs. Without any unforeseen accident.. him down and drag him out? Office boy-next year. Before moving the adoption of hope to present your a still better dividend
Yessir; an' be says will you kindly step up at the report and accounts 1 shall be happy t once, an he wants to go to dinner. Stranger Answer any quesitons you may have to palesa (somewhat milder)-Well-er-I don't want to that the report and nccounts of the Company for There being no questions, the Chairman moved take no advantage of a man with an empty the year ended the 31st December, 1888 be stomach. Tell him I'll come in again.
adopted. Mr. Geoe seconded, and the resolutigo, was carried unanimously..
THE bearing of the suit U--Wan v. Messrs. Meyer & Co., $20,000, and Messrs. Pustau & Co., $10,000, to recover the value of Policies held by plaintiff, was continued to-day at the Supreme | Court sitting in Original Jurisdiction, before Mr. J, Russell, Acting Chief Justice, and a special jury. U-tz-Wan was re-examined at some length by the Attorney General, and his son's evidence was taken, after which his lordship adjourned the hearing till tomorrow.. THERE ate two classes of men, says. Froude, who have played and still play a prominent part in the world-those who accomplish great things and those who talk and make speeches about part, silent. Those who build up empires, or them. The doors of things are, for the most
discover-secrets-of-science, thore-who-print- great pictures,or write great pocins are not often to be found spouting upon platforms. The
out at what is done because it is not done as they would have it, and afterward take posses- sion of it as if it were their own property.
eloquent Burke desires ad passionately tries to Waren Hastings wins India for us; the
hang him for it. The speeches of Demosthenes and Cicero pass inte literature and are studied
Cicero did not understand the facts of their time; their language might be beautiful and their sentiments noble, but with their fine words and sentiments they only misled their countrymen marked always by confusion and disintegration The periods when the orator is supreme are Gor the could say of Luther that he had thrown back for centuries the splitual cultivation of mankind by calling the passions of the multitude to judge of matters which should have been left to the thinkers.
The Chairman-I have to call your tention to the question concerning the Consulting Com mittee. You are aware that at present there is no such Committee in this Company, The General Managers find that the general opinion is that a Consulting Committea is not necessary, for so small a Company, but as a Commitice is required by the Articles of Association, I shall be glad if any of the shareholders present will nominate the gentlemen for the purpose, other wise it will rest with the General Managers to
find thom:
Mr. George was of opinion that the matter should be entirely left with the General Managers, and he moved accordingly. Mr. Byronjen seconded, unanimously.
and the motion was carried
On the motion of Mr. George, seconded by Mr. Potts, Messrs. T. Arnold and J. H. Cox were
ensuing year.
re-elected nuditais of the Company for the
The Chairman having thanked the shair- holders for their attendance and intimated that the dividend warrants would be ready on Monday
the reduced earnings of the preceding dallying with the truth. Why did not Mr.parisons between the earnings of the Com. to make it fashionable to omit one of all pairs silent men do the work. The talking men cryext, the meeting dispersed.
of double letters.
4 p.m.
We note that the meeting of the Legislative been postponed until Tuesday, the 27th inst., at Council summoned for to-day at 4 pm., has
Tig cricket match which was fixed for to-morrow,
fallen through. If, however, a sufficient number of members are on the ground at 11 am, a pick
OUR MACAO LETTER:
MACAO, zand March, 1888. In fulfilment of a promise wede to you since time ago, I will commence seading you regular epistles about the current events of this Torres Vedras of the Fur Fast, au app. listin given to
I have in former years added so consider Board) was afraid of showing the rottenness the Chairman at the last shareholders' Club v. United Services, has unfortunately as models of language. But Demosthenes and. Macao by an old rusty Governor who thought it
up will be arranged.
....
-TIHL CHINESE-INSURANCE COMPANY LIMITAD.
The seventeenth ordinary meeting of the "Look here," and a man to a newspaper writer.shareholders in the above Company, for the "I think you ought to stap printing nonsense purpose of adopting the report and accouiits for about the deleterious effects of cigarettes, the year ended the 31st December, 1867, was held at noon to-day at the Company's offices, Queen's "Indeed! Do you think them harmless?" "Oh, Read Central. There were present:-Mr. S. C. Michaeisen (Chairman), Hon. C. P. Chater Messrs. J. B. Elias, and F. Dodwell (Directors), S. J. Gower (Secretary), and the following abare holders:-Messrs. S. J. Danby, J. Goosemanu G. von Wille, J. C. da Roza, A. O'D. Gourdin,
half-year, attributed the same "to the BELL-IRING tell theshareholders something-pany ten years ago and at the present time, prevalent desire to curtail the usual outlay at the extraordinary decrease in the net we feel justified in also comparing some on the up-keep of steamers, in consequence ofits shown by the Company's Reports?. Items of expenditure for these respective of the low freights ruling, and to the Surely that would have been much more to periods. There would be no necessity, for absence of those marine disasters which the purpose? Was it because he (or the going beyond the two periods selected by ably to our gains."! There cannot be
of the concern to the shareholders? It looks meeting, had it not been for the adoption the slightest doubt that the reduction in remarkably like it. But we have no such at the end of 1880 of a new system profits was greatly affected by the absence interested scruples and gladly supply the in making out the Revenue Account, a of the remunerative disasters referred to information the Chairman so conveniently system which affords the shareholders a but it is equally certain that the allegedited. The attempt to make any fair or minimum of information and a maximum city of London gives as the number of eleemosy." A TANULATED statement of the charities of the prevalent desire on somebody's part "to useful comparison between the results of of combined muddle and uncertainty. aary institutions for one year, ending in 1887, furtail the usual outlay on the up-keep of the Company's working in 1878 and 1887. Previous to the date just named, share-ne less than one thousand and thirty-six The steamers, in consequence of the low respectively, we have already conclusively holders were favored with particulars of amount collected and dishuursed was £4,579.505. Freights ruling," was pure imagination, shown to be a very weak and transparent the respective amounts expended for Freights during the period mentioned hadtempt to throw dust in the eyes of the materials, labour, and wages at the various to assume dimensions, which have been hitherte AT St. Petersburg religious intolerance is likely improved considerably. The peculiar hareholders; but all the same, the profit establishments, which afforded some Idea unknown It is asserted, on competent authority, -phrase, “up-keup of steamers," forcibly of 0.398.60 in the former-year-is-a-very of the work-going-on-at-each-place, but that the Government has decided that in future
reminds us of certain well remembered
much more creditable comparative return, since then, at the suggestion of some only persons of the Greek faith shall be appointed correspondence, in the China Afail, and under the circumstances, than the $93,808.41 brilliant genius who evidently was of public offiers. suggests very strongly to whom Mr. BELL-
́of nine years later. But why did not the opinion that the shareholders should be fRVING was indebted for the valuable Chairman, who was soanxious to show that kept in the dark as much as possible, information on which he made this the Company's earnings and profits were all these amounts have been lumped senseless attempt to bolster up a hopeless readily on the increase, take half-years into ono item-cost of labor, material. ease. It would have been just as effective
when there was no opposition and when and working expenses or the Company's and very much more satisfactory, both
rates were something like what they three establishments. It may be made to Directors anil Shareholders, had the
are at present? For instance, why did a matter for discussion whether such an Chairman frankly admitted that the not quote the first six months after the decrease in the not profits could only be smopolitan Duck was acquired and attributed to the absence of any bigpilion had become a dead letter jobs caused by accident, and to the greatly The gross receipts for the half year increased "cost of production" The ended 31st December, 1381, amounted igures, had anyone taken the trouble io consult them, showed this plainly enough, For the final half-year of 1887 the gross receipts were $680,877. and the net profits en/ $93,908.11 for the same period of the previous year the gross earnings. totalled $854,485.00 and the net profits $150.907.42. These statistics are arg ments which no spacious figures of speech ran set aside. Mr. BELL-IRVING further took the very unnecessary trouble to affirm, although the revenue had experienced "some fluctuation" during the past ten. years, that it had steadily progressed Might be seen from the fact that while the gross earnings from 1st July to
$173,800, those for the corresponding
honorable. Chairman
$575.757.19 showing a net profit, after paying all interest due, etc., of $101550.01; for the succeeding half your the figures were gross earnings $476,523,80 and not profits $95,798,90. These profits were realised before the introduction of the improved machinery and the staff of skilled artisans, and we can only conclude that Mr. BELL-IRYING never took the trouble to refer to them, or he would scarcely have made 'deliberate assertions it a public meeting which are alike
ridiculous and misleading.
To continue for a while the subject of Chairmen's speeches, we say the statement made by Mr. BELL-IRVING, that the fact of
imperfect and one-sided statement of accounts is in accordance with the requirements of the statutes, as embodied in No g1 of the Company's Articles of Association. However, although we are unable, owing to the innovation just named, to compare the official figures at the several establishments for the periods named above, we are in A position
but-such publications injure my business, "Ah! What is your business ?" "I'm an undertaker."
By kind permission of Calonel Anderson and the officers of the 2nd Northamptonshire Regiment, the Regimental Band will play in the Public Gardens, on Sunday, the 25th inst., from 3.30 till
"Seered"
5 p.m. The following will be the programme-
Matchschule " Ove Lure......... Selection Mascots Vale Gondoler Selection "Giray 1.16" -Valso......"The Bells".....
Tymn.
.................Newto Suppe. Auslean. Roeier, La Thiare, *****........ Eraserra.
JOHN MORAM, Bandmaster.
to make some comparisons which will THUS the San Francisco Bulletin-The peace effect the object we have in view. the year 1878, specially referred to for the only skin deep. It is in effect an appeal for an Infulness of Bismark's speech to the Reichstag is purpose of comparison by the Chairman increase in military preparations. He does not of the Board of Directors, the European think Russia will attack Germany, but he says staff at Kowloon nocks numbered penothing about the relations between Russia and men all told. According to the Hongkong Directory for the present year, there are now employed at Kowloon twenty-five Europeans, exclusive of the clerical department. If all these Europeans are fully employed, it is an unavoidable inference
Austria and the Balkan States, where the cause of trouble really lies, and the case of France is slurred over in a paragraph. In brief, he wants Germany to trust in God and keep her powder
dry,"
A. E. Vaucher, and A. S. Cohen,
The Secretary having read the notice convening the meeting, the Chairman said: Gentlemen, the report has been in your hands
for some, time, and with your permission we will take it as read. At the last aquual general meeting my predecessor in the chair took the opportunity to express cheerful hopes with regard to the favorable development of the Company's, affairs, and it is with so much more regiet, as clearly pointed out in the report, that the Directors have to announce the heavy losses working account of 1886. The losses in 1887, I that have arisen out of the winding up of the regret to say, have likewise been pretty heavy,
in
|
|
to draw a comparison between this plana anaitie
celebrated lines of defence which inimortalisat Wellington, in bis Lusitaniau campaign against the French during the Peninsular war. which is going to take place in Paris in 1899, in
You have heard of the international, exhibition
commentoration of the centenary of the great revolutina whtieli was the cradle of all our modern.
lib:tles and civilisation. All the nations of the world are going to take past in that grandiare beged to be excused, for political motives, and show, with the exception of Austria, which of Portugal, which alleged its inability to supply products, as it is almost entirely devoid of industry and oney. Notwithstanding this 'ingenuous confession from the Portuguese Goycra- ment, a co-operative company is now in process of formation in Macan with a view to obtain fron-Portugal alimentary and other products. Everybody knows that with the exception of the excellent wines which nature has vouchsafed to that country, its articles of general consumption are chiefly block olives of a detestable taste, and which generally arrive at this port in a putrid condition, in Lamego's rancid hams, preserved in oil barrels, in a few descriptions of sausages, and in tooth picks. These are the chief productions of Portuguese industry. The only Macao product, which could "be exported to
Portugal in abundant quantities is the refuse t the town, over which the Municipality- holds a monopoly..
The regulations of this new-Company, which is called A co-operativa Macaense," contain 22 articles, and although a few shares are said to have been sold, it will be a standing wonder if the Company ever does any business. Its chief fault lies in the exclusion, it makes of all the articles of manufacture and industry proceed. ing from other countries. It aims at feeding. clothing and housing, the colonial inhabitants with no other articles but those proceeding fin then! Then it is a Company without capital,
country which is not productive of any of very easy thing to create in imagination.
a
Lately a few officers of the Macno garrison
their
are good, and stand in the books at much lower in the mail steamers. The Minister for the than their present value. It is with great Colonies, who takes quite a fraternal interest regret that I have to draw your attention to the in the money cheat of depleted Macao, ieplied, deplorable deaths of two of my colleagues, Mr. that the officers, would have to wall for the Lee Tuck Cheong and Mr. J..A. des Remedios transport which comes here once in two years.
whom we have lost two valuable members A few of them, however, elected to pay of the Board; and also the death of Mr. L. own passages, and proceeded to Lisbon, most of Hauschild who for long years was one of the their comrades being left behind. 'Meantime, auditors of the Company. With these remarks the Governor was struck, with a taste for travel- and accounts, and will be hippy to answer any Elephant and so he raised $10,000, frain the
as you will see in the accounts, but it may be If Herneffus and Democritus could be raised hoped that the final winding up may be better. from the dead, after 24 centuries of real, huw period under review has been a very trying one tively, over the tamfuoleries which disgrace thin However, it must not be overlooked, that the they would wiep, and roar with laughter, espec to many marine insurance offices, owing, in the blessed colony! The Portuguese” colonial Grst place, to an extremely keen competition at possessions are so many schools of advanced reduced rates, and secondly, to an exceptionally administrative humorality, only superior to those
which exist in Portugal. great number of disasters and consequen company owned about one-third, was disposed petitioned the Governor for permission fasses. The steamer Sea Gull, of which...lls of in January this year, and the balance, as proceed home, and for the passage monies to shown in the report, represents the net proceeds which they were entitled, having served tes realized. There will be no more expenses with years in the colony-some of them had been 31st December, 1578, amounted to only the British flagship and other vessels of that the solitary five laborers of ten years The emptying of the sewage of London into the regard to this item, and your Directors are indisputable claim to one year's leave of absence.
ELECTRICITY is about to be put to a new use.
here for 20 years. These officers had an doing their best to reduce the other expenses of Thames has necessarily polluted that river; and the Company as much as possible, and they trust His Excellency thereupon informed the Lisbon period of 1887 exceeded $680,000, or nearly similar class having been obliged to dock atago must have been perfect Trojans in in searching for some means of preventing this that the results of their labors in this respect Colonial Office, by wire, that the Macao Treasury four times as much. We wonder if the Nagasaki, because there was no docking į getting through their work; From pollution, it has been discovered that electricity will appear in subsequent reports. The invest- was empty, and that it would be highly incon
was under the accommodation available, here, clearly Jaly to December, 1881, the total Office transmitted into the sewage produces the equiments of the Company, both here and in London, venient to grant passage monies to these officers
BELL-IRVING valent of a chemical change. The electric impression that ho was submitting his demonstrates the necessity for the new expenses, or what Mr. exceedingly lame statistics to a flock of Admiralty. Dock, is a weak argument grandiloquently described
the current sets the particies of matter in a circulatory of helpless sheep who had been deprived based on a palpably false basis, The usual disbursements of the Secretariat, motion, and the result is that the organic matter British flagship had previously been safely amounted to $13.595.63; last half-year collects at the top in á semi-solid form, so that of the faculty of thought! From their
and securely docked at Aberdeen, and no they are set down in the accounts at it can easily be separated from the transparent acquiescent bleating, described in the
"applause," he would other vessel of a similar klad has yet been $17.444.65; ten years ago, they totalled, fluid beneath. The experiments have so far newspapers as perhaps have had, some justification for seen in China waters. And it is not a fact at the outside, from seven to eight thousand plan should prove to be cheap and practicable. I beg to propose the adoption of the reporting and the distinguished Order of the White so doing, but surely Mr. BELL-IRVING that the general policy of the Directors has dollars. In 1878 the entire Office staff con-it would go far towards solving a problem that must have considered that the stale been "not to pay extravagant dividends;"sisted of, in addition to the Secretary, an agitates every large city. rubbish. he was committing himself to
nor is it true that pressure has on more accountant, a book-keeper, a general clerk, would be published and subjected to critical than one occasion been brought to bear a Chinese. draughtsman, a comprador: INSPECTOR SWANSTON this morning charged 16 Celestials with gambling in a house, No. 52 examination and analysis! It will only take by shareholders to divide a larger sum and three coolies. At present the new First Street. Two of the prisoners were accused of "running" the house, and others with a very few words to prove our contention than the Board deemed prudent. At a arrangements would appear to require no that the Chairman's contentions and meeting held on February 26th, 1887, Mr. lower than five clerks and four European frequenting a public gambling house on the 22nd A comparison of the Inst. The Inspector said that on entering the His object W. LEGGE did propose that the dividend draughtsmen. was to make shareholders belleve that from of 7 per cent. recommended by the salaries paid to the men who did the office house be found all the appurtenances of the 1878 to the end of 1887, the revenue of the
Board should be increased by a bonus of work in 1878 and the gentlemen who game on the table, and saw a lot of the Company had kept steadily increasing, one per cent.; but it was notorious that do it now would no doubt interest share- men make a spring for a hole in the roof, through which they succeeded in effecting an and he clinched his argument by stating this gentleman, who doubtless represented holdersand also astonish them considerably escape. All the accused denied the charge of that whilst the gross earnings from July many interests, was the mouthpiece of Mr. BELL-IEVING in atempting to palliate gambling, but an informer went into the witness to December, 1878, amounted to only certain members of the Board who had the large item for office expenses in box and swore that he was in the house, in pinin $173,866, those for the same period of 1887 speculated in the scrip on the-strength of the last Report, said that the exigencies clothes, on the night in question, and there for the ensuing year. Wel E VEPA alleged scarcity of money in the pable Treasury
statistics are utter nonsense.
exceeded $680,000, or nearly four times as much. To begin with, is this anything like a fair and reasonable comparison In 1878 there were four acilve oppositions in full swing in the colony, rates for docking,, etc. were about one third what they are now, the Company's facilities were limited to two docks each at Kowloon and Aberdeen, and the entire liability, including one million of paid-up capital, amounted to about $50,000 in excess of that sum. At the end of 1887, nothing in the shape of opposition existed, to the Kowloon and
been conducted on a limited scale, but if the
of business to Hongkong required a saw the rst defendant managing the game, larger staff of draughtsmen than are and the 2nd acting as ehrof. The others, customary or necessary insimilarestablish answer to the Bench, admitted being in mants at home; but he did not say why the house, but not for any unlawful purpose such was the case, nor did any shareholder such as gambling-one had only gone to “ato. a friend," another had looked in to collect a debt, one went there to pass away time," and still another was "asleep when the officer called
questions that may be asked."
There being no questions, the Chairman adopted. Mr. Gourdin seconded, and the motion proposed that the report and accounts be was carried unanimously,
On the motion of Mr. Vaucher, seconded by Mr. Danby, the appointments of Messrs. Lou Wai Chuen, S. C. Michaelsen, and F. Dodwell to fill vacancies caused on the Board of Directors by the deaths of Messrs. Lee Tuck Cheong and J. A. dos Remedios, were conarmed
Mr. Gosiemann proposed, and Mr. Cohen seconded-That Messre. Ellos and Fung Tang Carried, bo re-elected as Directors of the Company.
"
*
On the motion of Mr. von Wille, seconded by Mr. Vaucher, Messrs. T. Arnold and H. U Jeffries were elected andiers of the Company The Chairman, having intimated that the dividend warrants would be ready on April 1st; and Mr. Danby having proposed a vote of thanks to the Board of Directors, the meeting broke up
THE GHINA" AND MANILA STEAMSHIP COMPANY-
LIMITEDAAMBUK
–
Treasury to defray his pleasure trip to Siam and thence to Singapore and Timor. By the time office will be very nearly.completed, Senhar da: Cuta returns to Macap his term of But see what happens next. In spite of the orders from Lisbon that na dvil funcitonary or military officer. should be, paid passage money by the mail, the accountant of the Treasury, Mr. Ada Metin Barbosa, with his wife, three children, and sister-in-law, obtain full PARSRITG money and an additional allowance for travelling expenses, to go by the Messageries steamer Saphalien. The conductor of Public Wake, Major Bon de Souza, with wife and three children, are also paist the full amount of their passages to Lisbond 'Gibraltar, by the P & O, steamer Clyd. And the other officers who have rendered lon services in Macno are still debarred from enjoying their leave. owing to Could a greater satire on the Macan Govern ment be quoted than these barefaced jobs Pa
The anomaly is, however, not difficult of explanation, When Governarda Roza completed, his term of office, he pledged his word of hapour- that he would remunerate his personal friends- and helpers ja Macao. Ho la cald to huyo left a will which his successar is faithfully executing: to the undivided satisfaction of the legateds, 13
Portuguere laws forbid all Government servants
an Srar cent. dividend, and who tried their bardast to achieve that end. The proposal was carried by, a show of bands, but was lost on a ballot being called for, by 558 votes against 415. As the Directors, over and above the 7 per cent, dividend ask him for an explanation. As the only declared, had more than $50,000 available, vessels built by the Company for years the proposal of Mr. LEGGE had certainly past wore the two or three small craft for Mr. Wise fined the rat and and defendants $50
The fifth ordinary: general meeting of the from serving at the same time in more than something to commend it to the favourable the Red River, and the notorious Filipinas, each, or 6 weeks in gaol, and the others $2 each, shareholders in the above Company, with a view ono official
the year ended the vast December 1887, consideration of sharpholders generally, we should really like to know what the or four days. Most of the unfortunate gentlemen to adopt the report and pass the accounts for an exception
held on exigencies of business really have been "anted up" and left the Court with their plaus held this afternoon at the offices, But at the next public meeting August 29th, 1887, when a shareholder which necessitated the employment of a benedictions on the head of the informer. We Managers, Megara, Russell & Co., pointed out the folly of declaring a dividend larger staff of draughtsmenby this Company take this opportunity of expressing our regret There were present Messrs.
that a lawyer like Mr. Wise should baye (Chairman) R. Shewan (Secretary), and Measts.
and B. Byronlee
Aberdeen establishments had been added of 63 percent the dapimal wasintroduced than would have been required in convicted these men on the evidence of a paid F.GE George S Poll, J. H. Co the Cosmopolitan Dock and its engine to suit the speculations of one, or two dockyard of similar dimensions at home. Informer, who is necessarily a scoundrel of the The Secretary haring readther shop, etc., a patent slip at Kowloon, over distinguished members of the Board of We can only surmise that these gentlemen at wate
tica conveniby the meeting, the Chairman Baid |--Gentlemou, y'abd':
appointment; but as Macao Is
all recognised rules of public can be, and are, broken hoie. We,have sten. Mr. Cabral, a cher, appointed Colonial Treat sequently Colonial Secretary, one performed for a long while, he was carrying his proper eator at St. Joseph's College. was appointed Inspector of Firea {Publje:Works," Mr. A. Pacheco;