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or fabrics.
THE HONGKONG TELEGRAPH, MONDAY MARCH 18, 1889.
According to report the leading bulla" A SUBSCRIPTION has been startes in Manila for n monument to the late Archbishop Pedro Payo, in this particular Instance are Chinese, which, if true, only makes matters worse,. MR. T. 5. SMITH has been appointed a member of and Mr. F. H. May honofary secretary to the as the foreign wire-pullers are hiding Ical Board of Examiners. themselves in the background.
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Tall Muncum for the week ending March 17th, are:
THE retums of the number of visitors to the City
Europeans 173, Chinese 1,844; total, 2,017. We are informed by the agents (Messrs. Adam son, Hell & Co.) that the steamship Chateau Leoville, from New York, left Singapore yester day morning for this port.
THE Spanish Government lately issued a offenders, and to the soldiers who took part in decree granting amnesty to all press and political the rising in Madrid in 1886. TN. C. Daily News says that news has Provincial Treasurer of Formoss, Shao Yu-lies, has been appointed Minister to England.
reached a Chinese official in Shangbai that the
There is only one really effective way of fighting these unscrupulous "corner" men, and that is by firmly repudiating every trans. action that has been in any way affected by Without entering illegal combination. here into the broad question of the validity of so-called betting agreements, we think it may be safely accepted as sound reasoning that proof of a conspiracy or combination having for its object the Inflation of stocks or shares to prices far beyond their actual values will be held as sufficient in a court of Jaw to invalidate any such contract. Apart altogether from the possibility of a cons THE P. M. S. S. Co.'s steamer City of Rio de piracy of this kind being a criminal offence, Faneiro, with mails, &c. from San Francisco to the zist ulto., has arrived at Yokohama, and the evidence of the "corner" supplies left for this port at 4 p.m. to-day. that very missing link, the absence of Tur appointment of Mr. Hugh McCallum which would appear to have influenced (under The Public Health Ordinance of 1887 to be Secretary of the Sanitary Board and Mr. Justice LINDLEY'S decision in the
Sanitary Superintendent, is duly gazetted. oft-quoted case of Thacker 'v. Hardy f4 Q. B. D. 685). In most of these A REGULAR meeting of Victoria Lodge, No. 1ozó, transactions it can be clearly established, will be held in Freemasons' Hall, Zetland Street, on Friday, the 22nd instant, at 8.30 for that when the contracts were made nelther 9 p.m. precisely, Visiting brethren are cordially the sellers nor the buyers had the shares to invited. deliver it was perfectly well understood on both sides that it was a speculation in differences, and this is fairly met by Chief Justice JERVIS's direction to the jury inGricewood v. Blaine (17 C. B., 526), which was afterwards upheld by the Full Court. However, under any circumstances we The following kinds are those in most general would strongly advise the victims of this
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Hongkong, 18th March, 1859
far
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Pure Hard Water Soap. Celebrated Naples Soap, &c.
THE HONGKONG DISPENSARY, Hongkong, 12th March; 1889.
Is
The Hongkong Telegraph
HONGKONG, MONDAY, MARCH 18, 1889.
Tux scrip of the Steam Launch Company, Limited, is quoted in the local share market at three hundred per cent. premium; and the number of passengers carried each trip by the Company's fleet of what Mr. J. J. FRANCIS, QC, described at the meeting held on January 17th as "fairly good steamers,"averages about three, frequently including a couple of directors. This boom" se
barefaced attempt at robbery to fight the question out to the bitter end. In the improbable event of their getting the worst of it in the law courts, they will at least have the satisfaction of conferring a great public benefit on the colony by exposing the originators of a system of knavery that has already been attended with disastrous consequences.
| A FISHMONGER at Aberdeen who boarded = junk recently with several others and compelled the master to subscribe ten taels to some Imaginary fund was this morning sentenced to six months imprisonment.
THIS is how the New York Herald describes Mr. Wannamaker, a member of General Harri son's Cabinet:-"He is a good man, a religious man, who draws customers by hanging a picture of Christ before Pilate in his store.
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MR. THOMAS SERCOMBE SMITH has been added to the list of Justices of the Peace. Without any special reference to this appointment, we qualifications for whatever honour may be should be very glad to learn what are the special
attached to a place amongst the "great unpaid*·· of this colony.
THE Scottish residents of San Francisco intend erecting a monument in that city to the immortal memory' of Robert Burns. We think these well-meaning people are foolish. The memory bbie Burns requires no statue in marble or bize; bis soul-stiring poems form a glorious and imperishable monument. THE Japan Mail says:-"it is rumoured and, we may add, generally believed too, that a treaty providing for the abolition of Consular jurisdiction and the opening of the entire Empire, has recently been concluded at Tokio between Japan and the United States. If the report is true, the Government concerted are to be congratulated upon thus breaking up the com. munism of Power that has of late years presented a solid front, an impassable barrier, in the path of Japan's advancement,"
Or the cases committed for trial at the Sessions four, have been sent back for disposal by the Magistrate. Sentences of six months have been passed on the coolie who received the copper strainers stolen from the Tytam Tunnel, the boy who stole Mr. Meier's gold watch at the German Club, the chair-coolie who stole a valuable clock, || opera-glasses, &c, from Mr. Thurburn, and a hawker who purchased the article for a few cent. Anothercise was sent back again to the Sessions.
This looks as though the machinery wanted greasing somewhere.
THE Shanghai Progresso has published a series of articles analysing the Talely concluded Portuguese-Chinese Treaty, and commenting The best unfavourably on its provisions.
DURING 188 Japan exported 15lippine stands goods amounting to $69,704.610 and imported an aggregate value of $113,168,510. IT is notified in the Gazelle that the Governor has given his assent, in the name and on behalf. of the Queen, to The Stone-cutters Island Ordinanca of 1880.
agenti (Messrs. Melchers & Co inform
us that the Norddeutscher Lloyd's steamship Freussen, with the German mails from Berlin
the 19th February, left Singapore for this port here on or about Thursday, the 1st inst at 11 pm on Saturday, and may be expected
It appears that the steamer Sumatra, whose from Batoum to this port with petroleum we destruction at sea by fire whilst on voyage
reported the other day, was the old P. &O. Cola Salsitie, 1.759 tons register, built at Glasgow by Messrs. Tod and McGregor in 1958. IT is pleasing to read that Queen Victoria has
intimated her intention of relaxing the strict rules about the cat of the dresses of ladies attending the drawing-rooms. So far as early spring fashions are concerned, they will not be required to expose themselves half naked to the bleak air of a March day.
TWO junk-masters were charged this morning. before Mr. Pollock, with throwing rubbish into the Harbour. The water police saw them dump between seven and eight tons of brick ends in the fairway. They were fined $2.50 cach, and a recommendation made by the magistrate that their licenses be forfeited.
ILSA DI MURSKA'S body, and that of her daughter, 'were cremated at Gotha, Germany, on the 23rd January. The urn containing the ashes of the mother was inscribed: "These ashes are all that remain of a nightingale." The urn containing the daughter's ashes is inscribed: "The woman whose reminslie here has battled and suffered much in vain."
THE erratic youth who lately bought a revolver with a view to suicide, and was luckily stopped by Inspector Matheson, made another experi- having the conventional hare bodkin, and funds ment in the same direction yesterday. Not
being low, he hitched himself up to a tree near the Gardens, but was stopped by a policeman before his breathing began to hurt him. He was remanded to-day.
SUPREME COURT.
IN CRIMINAL SESSIONS.
(Before the Chief Justice.)
there being eleven cases on the calendar. The The March Sessions opened this morning. following jury was empmelled:-Messrs. C. A. Spiede da Ria, P. H. J. Hahns, J. Webster, J. A da Lui, E. J. Mayng, and R. T. Wright,
1
THEFT FROM THE GODOWN CO.
Wy Wo tallyman at the Kowloon Godowns, was indiced with stealing a bale of Spanish stripe, value $500, the property of the Company, The Acting Attorney-General stated that the prisoner's duty was to see the incoming and out- going of goods. On the 7th February he was seen to allow some cases to go out, and, later on, another case, for which he had not a delivery
gulity, as they probably would have done if the proper charge, that of attempted murder, had been brought.
ROBBERY ON BOARD SHIP:
Lo Ayou, a gambler, was indicted for robbing a passenger on the Glingarry of $135, on the Rodyk, defended. ajid February - Dr. Ho Kajj instructed by Mr.
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THE PUNJOM COMPANY.
AN EXTRAORDINARY PROPOSAL.
An extraordinary general meeting of the share- holders of this Company was held at the offices this afternoon. Mr. W. G. Brodie, (chairman) WH. Ray, T. E. Davies, E, L. Woodin, D. Gilles, W. Watton, (directors) H. N. Mody, 1. Jordan, E. C. Ray, E. Georg, W. Legge, S. 1. Danby, A. S. Cohen, R. Lyall, ]. Andrew, G. Ś. Coxon, and many others were present.
The Secretary, (Mr. Gourdin) read the notice convening the meeting, which stated that the business was the confirmation of the following resolution
"That the Capital of the Company be increased to the sum of $600,000 legally current in the Colony of Hongkong by the creation of 20,000 New Shares of $10 each. Subject to any direction to the contrary that may be given by the Meeting sanc'ioning" the increase of Capital, all New Shire shall be offered to the Members in proportion to the existing Shares held by them, and such offer shall be made by notice spec fying the number of Shares to which the. Member is entitled and limiting a time within which the offer if not accepted will be deemed to be declined, and after the expiration of such time or on the receipt of an intimation from the Member to whom such notice is given that be declines to accept the Shares offered, such Shares shail 'be dealt with by the Directors in their discretion."
quite appreciate it to the utmost (Mr. Legge "Do you?" and laughter) I take it that your feeble understanding has not grasped the position. It" is that this meeting cannot confirm the resolu
ion now before it in any other form except that in which it was passed. The only resolution before the inteting is the one passed the other lay, and it has either to be passed or not.
Mr. Legge: I have proposed that it be not passed.
Mr. Wotton :-You cannot mean it—you do not quite grasp the idea yet with that feeble anderstanding-
་
Mr. Legge Perhaps you can apply the sume bing to yourself.
The Chairman-No, don't, now,
Mr. Wotton No. I shall not. I think the question is whether this, should be passed er not. If it does not pass it falls of itself, and if you want time to consider the new idea adjourn it to the sand-you can bring up the same. discussion as to-day and if you don't think vither proposal is likely to meet with favour (Hear hear). You have mentioned with some you can do then what you wish to do to-day.
here to consider the resolution passed on the amount of surprise that you should be called
25th February and then should have a new pro- position jerked upon you at a moment's notice. It may surprise you, even with your feeble intellect
Mr. Legge, holly:—Mr. Wotton, I beg you to withdraw your remarks.
Mr. Wotton:-1 am only quoting fram yourself.
MLegge-Perhaps I said it, but you have no right to. As a member of this Board you have no right to be impertinent,
Mr. Wotton: I am not impertinent; if you have called yourself that, I may.
Mr. Legge :-Mr. Chairman, I beg you to call the speaker to order-be is grossly impertinent (Hear, bear).
Mr. Wotton:-Since you don't like the term- Mr. Legger-Lagain call upon the Chairman to order the expression to be withdrawn. It is
fair and unjust.
Mr. Wotton: won't say any more about
Mr. Legge -Will you please refrain from using my name?
Mr. Wotton -It is only fun; don't think anything of it. The shareholders will be in precisely the same position on the 22nd inst. as to-day. We have only had a very few hours to consider the new idea of doubling the capital, I bave only heard it about an hour- therefore I am quite as much taken by surprise 18 Mr. Legge.
The Chairman :—This meeting was called for the purpose of confirming this resolution, Theit.(Mr. Legge:-"No, don't ; " "bear, hear," and dinciors have considered the question, and laughter.) It is of great advantage to see a concluded in the meantime to adjourn this gentleman usually so cool as Mr. Legge lose aceting (Hear, hear)--you had better hear me
his temper., out till Friday at four o'clock. It has been and talked about by some share-holders, discussed by the directors, whether we should not issue shares to the extent of $400,000, of which $200,000 will be called up. That is instead of issuing shares to the extent of $200,000, all to be called up. It will strengthen the Company to that extent, and in the present position of the Company's affairs that is thought highly desirable by be directors. Now we don't wish you to commit considered by you before the next meeting is yourselves to this to-day at all-we wish this
called to confirm this resolution. If you think it better then to confirm this resolution as it stands it will be in your power to do so, or you can let it fall and give the directors your views on the new proposal. $5 will be called up on the shares; you understand we don't want more money
we have no prospect of requiring more, 1. tell you emphatically, but we have very, good reason for thinking that the strengthening of the Company at this time in the eyes of the Government in the Straits and many other ways will be of very considerable value to the concern and the shareholders themselves (Hear, hear.)
Mr. Danby seconded the motion for adjourn
order. That one had not been traced.
After the evidence had been heard, the jury, ́ment. consulted a little, after which they intelligently asked what the charge was. We hear that two of the Jurors had found him guilty of arson.
After his Lordship had explained the counts they found him guilty."
"Larceny by a servant ?" said the Clerk of Arraigns.
--
"No, not by himself." replied the foreman. Sentence was deferred.
THE WANCHAI WOUNDING CASE,
Eu Chuk was charged with being armed with a deadly weapon and maliciously wounding Shere Singh, P.C. 632
The Acting Attorney-General said that on the 29th January, at I p.m. the police-com- stable was on duty in St. Francis Street,
to
Mr. Georg-Before you put this: I beg t prepose an amendment, and that is te adjourn this meeting for a time of at least a fort- night. If my proposition cannot be legally sustained on a point of law there will be another amendment måde, that is not to confirm the resolution passed at the bast meeting, but to begin, the whole question aftesb,
The Chairman said that his motion was simply for an adjournmnent,
Mr. Georg :-That is too short a time, The Chairman:-It is in your power to let this drop.
Mr. Danby asked if Friday's meeting would be the final one for the new proposal?
The Chairman:—No, we have to give another fortnight's notice to consider it. In the first
It seems to us that the Directors of the Steam Launch Company owe a duty both to their shareholders and the community' generally in connection with this "corner." The Company was started rather to meet a supposed public want than as a means of making money, and yet it has become in a few short months one of the most notorious instruments of unscrupulous gambling this colony has ever known... In the face of the present scandalous state of affairs, is it not the duty of the Directors. a public obligation, to discover, the real insligators of this bull movement, and to trace it'te its source? It is currently reported that some person, or persons, officially connected with the management of the Steam Launch Company is mixed up in these Stock Exchange scandals, which in itself is sufficient to justify an imme- diate and searching inquiry. And further, we would suggest that, as a set-off to the 300 per cent. premium, which is the modest estimate placed by the bulls on their shares; that the result of the Portuguese diplomatic effort in Peking is stated Wanchai, when he heard a dog bark. Suspect-place you (Mr. Georg) are about to propose what to have resulted in a patched-up Conventioning that something was wrong, he went is impossible, it is illegal-this confirmation must take place within one month of the 25th which is beneficial only to one althe contracting into a dark lane where he met three men,
one of whom was the prisoner. They attacked | February. We propose therefore to postpone it to be resting on his laurels, is blamed for his, him, and the prisoner stabbed him on the bead parties China. Senhor da Roza, who is said
to the 22nd-It will be quite in your power to treaty through which is not only useless, but subsequent struggle bit the end of the Sikh's or at the next meeting, of which ten days notice distinctly prejudicial to Portuguese interests in finger off, and was only captured on the arrival must be given. That will give you 26 days. the Far East. These are the exact views of Mr. Goulborne who lives near by,
Mr. Georg asked if the books would be open expressed in our columns, many months ago,
until then ? We are informed that “Geo. Fenwick and Com. pany, Limited," has been registered as a com pany limited by shares, having a capital of $150,000 divided into 6000 shares of $25 each. The whole of the capital has been subscribed privately and there will be seappeal made to the public. The sum of $25 per share is payable on allotment. The consideration payable to the vendor, Mr. George Fenwick, is $125,000 in cash and $20,000 in fully paid-up shares of the Company; which is arrived at as follows $91,000 in respect of two valuable Marine iou, being the remaining portion of Marine lot No. 1 and the remaining portion of Marine lot No. 6, containing in the aggregate 40,800 square feet and fronting on the Praya, and $54,000 on a valuation of the plant, engines, machinery, stock- in-trade and materials at prerent upon the premises of the Victoria Foundry. Nothing will be paid as promotion money nor in respect of the goodwill of the business, The Company takes over the business as from the 1st January, 1889, and is entitled to the profile made since that date and to the benefit of all peading con- tracts. An interim dividend will be payable in
actual working of the Company be publicly announced, so that no mistake can
be
The Chairman-At any rate, Mr. Legge, it was prise that I asked you and the other shareholders with the idea that you should not be taken by sur
to think over the matter till Friday, I do not propose you should double the capital, or any- thing, except to postpone the meeting, and consider the matter. You can pass the resolu tian then or you can let it fall. You can either consider or not the question, of doubling the' capital, but on Friday you will have a chance of speaking your mind.
The proposition to adjourn the meeting was then put and carried.
Mr. Georg asked if they would have to con sider the new proposal on Friday.
The Chairman explained again that on Friday they would meet to confirm the advertised resolution-It was their last chance of doing so. If it were decided not to pass it they could talk of other matters.
Mr. Jordan asked if the books would remain
open.
The Chairman said they would. The proceedings then terminated.
CORRESPONDENCE.
We do not neceurly endorse the opinions expressed by Correspondents in chia column.)
is, therefore, not the ordinary result of cause and effect, nor is it a mere matter of chance. VOLTAIRE was right down on the keystone of truth when he said-chance is a word void of sense; nothing can exist without made as to the true market value of the inexperience and precipitation in rushing a several times, severed his nose, and in the express your opinion on the new "proposal then; thoroughly agree with what you said on this
a cause." And what is the cause of a movement that forces the price current of a stock that, at its commercial and
actual value, should be quoted at a heavy discount, up to as high as 300 per cent. premium? It is again the familiar story; the same old combination and the same old "corner." A third call of gio per share has been made, and there are, or are supposed to be, some rather extensive short sales to be covered at the end of the present month. There is the mystery.in a nutshell...
We have no particular sympathy for gamblers in 'margins,' and hold generally that the man who binds himself to deliver on some future date shares which he never
possessed, does so at his own risk. He makes this contract on certain information, real or assured, in the expectation of the value of the shares nominally decreasing and thereby leaving him a margin of profit; if his calculations are at fault and the margin of difference is on the wrong side, it is only right that he should be called upon to fairly meet his obligations-always assuming that they have been legitimately incurred, that is to say, by the ordinary fluctuations in the price current, and under circumstances which, the law would
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scrip.
LOCAL, AND GENERAL.
THE Pumjommers had quite a cheerful little meeting this afternoon, a report of which will be found in another part of this issue.. THE Manila Diario slates that a concert will be given at the Tondo Theatre in aid of the sufferers by the wreck of the transport Remus, '. THE jovial members of the Garrison Shooting Club entertain their friends this evening at a dance in the Commissariat Building.
THE Governor-General of the Philippines, wha has been visiting several provincial districts, was expected to return to Manila yesterday, TOMORROW aftemoon there will be à presents tion made to Captain Deane by the members of the Police force, in the Police compound. IT may interest sangulae believers in the future of Punjoms to know that Mount Morgan in Queensland is now paying dividends at the rate of $100,000 a month...
A REFRESHINGLY Cool thief faced the Magistrate this morning. He went into a house in Wall-June next. Ington Street and lifted the door off fis hinges. preparatory to removing the building. Six weeks.
AN Emergency meeting of St. John Lodge, No, 618, S.C., will be held in Freemasons Hall Zetland Street, to-morrow evening, at.5.30 for go'clock precisely. Visiting brethren are cordially invited.
The following Government notification, signed by the Colonial Secretary, is published in the Gazelle :-It is hereby notified thst on and after the 18th of March, 1889, the sanction of Hie Excellency the Governor to encroachments made upon. or over Crown foreshores by piers or harves will be given subject only to the par- ment of an annual Crown rent on the following scale, payable in equal monthly instalments, viz:
In the city of Victoria.
recognise as constituting a valid and pianiste, is considering the advisability of setFor encroachments of 10,000 square feet or
WE hear that Madame Korff, the talented down in Hongkong as a teacher of music. A lady of such well tried ability ought to command a large share of public support
WE would remind our readers that The Paradox" company of variety artists will give their opening performance this evening at Bowrington. The "show we learn, is both clever and amusing, and will doubtless be largely patronized.
binding contract. Such, however, is not the position in the case under discussion. If our information may be relied on, and we fear it cannotbe controverted, this "corner In the Steam Launch Co's shares is the "outcome of a daring conspiracy, hatched and carried out by certain "bulls" who, by measures more or less dishonest, have obtained the control of almost the whole of the scrip. Not to put too fine a point on it, this sort of business is open to be called very ugly names-It is, in fact, systemized robbery, and it may be a matter for after consideration whether the principals are. It is notificed in a special Gantife, circulated this afternoon, that the prohibition of the expon not duly qualified for a term of solitude from this colony ofarms, ammunition, genpowder, in the pleasant company of the genial and military and naval stores, put in force by proclamation on the 1st inst, bai been revoked, and enterprising owner of the mythical This means that the linke war in British Nonb yacht Guthie Des-Count Forow, to wit. | Borneo la u thing of the parla
Ar the special meeting of the Sanitary Board to be held on Wednesday,, the 20th, inst. at 4.15 p.m., a letter will be read, from the Hon. Colonial Secretary, transmitting the draft of a Bill entitled "An Ordinance for amending the laws relating to the construction of Buildings in the Colony of Hongkong.".
For
for
lexa ................. .............................$182. For encroachments exceeding 10,000 square feet, but not exceeding 20,000 square feet............imapaia ..................................$215. encroachments exceeding 30,000 square feet, but not exceeding 34,000 square, feet ..........
...$240. encroachments exceeding 30,000 square feet, but not exceeding 50,000 square * ¦ feat For encroachments exceeding 50,000 square feet, but not exceeding 70,000 square
*****$348. For encroachments exceeding 70,000 square
$360 Plers and wharves outside of the city of Victoris will be subject to payments calculated at one half the above scale, in all cases where. permission is given by the Surveyor General to erect a pier over Crown foreshore, and such per is removed on or before the expiration of oss calendar months from the date of granting such permission, the encroachment shall not be jubject to Crown rent.
foet
Shete Singh aid-On the night of the
About 11 o'clock I was in St. Francis-street 29th January I went on No. 12 beat, Wanchai. when I heard a dog bark, and went towards I met three Ship-street, through a small lane. men, on whom I turned my lamp, saying "Where you are going?" One of them hit
on the head three times with a dagger, and I turned round and seized him by the queue. He then slashed me on the nose across the middle. The other men also struck and we struggled for about a quarter of an hour, the prisoner and myself being on the ground. I blew the whistle twice, when the prisoner snatched away and put it into his own mouth. I tried to snatch it back and he. bit the top of my finger off. I then called out, and a European came to my assistance, when the two men who were attacking me ran away. The dagger in Court is the one I was stabbed with ; the hair on
was struck. I have been in the Police force the handle got twined round the blade when I
about four years.
William Goulborne then repeated the evidence he had given as to finding the last witness and the prisoner lying on the ground near its house. The constable's turban had been cut into three pieces, one of which was tied round his neck so tightly that he could hardly speak.
"Shere Singh, recalled, said :—The men tried to put the rope produced round my neck:
Dr. Atlason described the injuries from which the constable was suffering when brought to the Hospital.
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THE JOINT STOCK "BOOM." TO THE BORTOR of the "Hongkong Tuingraph." SIR,-As an old resident and with considerable interests at stake in the commercial welfare of Hongkong, I have, with many others similarly. placed, viewed with alarm the recent epidemic of rew joint stock ventures. We have seen the beginning, but can only guess the end. I subject in your leading article of the 7th inst.. and consider that your sensible reasoning and appeal to the commonsense of the community were to the point and well timed, and doubtless had good effect. ・・・
Amongst other ventures proposed to be transferred from private to public ównership are two engineering establishments-those of Messrs. Gro. Fenwick & Co., and Messrs. A. G. Gordon
The Chairman:--Yes. I hope you understand. that the proposed new capital is to be 40,000 shares of $10, of which § will be called up." That will be proposed at the next meeting.
Mr. Legge: The object of this meeting, as read by the Secretary, was to confirm or other, & Co. respectively. As I have not seen any wise the increase of capital to the extent of two prospectus of Messrs, Fenwick & Co.'s business laça, not four lacs, and how the Chairman and I can say very little about it but I hear that' his legal officer and the rest of the Board can the whole of the shares have been applied for, think of proposing the doubling of the twó which I suppose must be taken, although not lacs without giving us the slightest hint until necessarily so, arà proof that some persons have this moment as quite beyond my conception confidence to its turning out a profitable invest- (Hear, hear). It is certainly altogether apartment. In this opinion 1 cannot agree, there from the business of this meeting (Applause), | is nothing that I can see to make anybody We are here to consider whether we will confirm believe that much, if any, improvement in this a resolution for two lace or whether in some particular kind of business is at all likely, and way or other we can adjourn the meeting beyond shareholders in the Dock Company know too Friday: Therefore I propose that the special well what bad times they have had fately resolution before this meeting that about the two facs-be not confirmed to-day, but that another meeting be called by advertisement in to-morrow's papers, or as early as portible, for a new proposal of this resolution....
Mr. Georg seconded,
As a prospectus of A. G. Gordon & Co. has been scat me, l'understand to some extent that firm's proposals to the public,, and would like to say a few words about them. The prospectus says that the proposed Company is to consist of 6000 shares of $15 each, of which 2000 shares Mr. Legge continued:-In proposing this 1 (deemed as fully paid-up) will be transferred to my say that, although I am not a large share. Mr. A. G. Gordon, in part payment of the stock- holder myself, I speak in the interests of a very in-trade and' goodwill, and the balance of 4000 luge number of them 'when' I say that a shares are offered to the public. The prospectus delay of three weeks would not lead to the alio says that Mr. A. G. Gordon will be general.** rain or closing of the mines, but would probably manager, but it says nothing about directors or be of the greatest possible benefit to all concerned 'consulting committee, nor does it give the least (Hear, hear). As to why you have brought up bit of information to the terms of generat lour instead of two lace is beyond the power management, the business that has been dona The prisoner, who asked no questions, madé „of my feehle comprehension; it shows at any in past years, the present financial position the following statement:-On the night in male no immediate need of money. If such is of the concern, nor anything else that is of question I went up the hill-side to a closet, and the case an adjournment of.three weeks cannot importance to people likely to be induced to on coming out was assaulted by two men. I can possibly do any harm. It may not have occurred take shares. No balance sheets and nothing, | back down to the Catholic quarter, and met the to the Board the extreme difficulty which-about-profits in the past. It does say, how- constable, to whom I reported the assault, He will probably exist for six months in regard ever, that the premises facing the Bowrington went to west the men, and they stabbed him. to the new issue and the delivery of shares canal where, the business is being carried on, | I got arrestod in mistake afterwards.
if the books are closed before the 31st March-and the adjoining lot leased to the Steam Skw The jury immediately found the prisoner im not speaking as a broker but as a share Mill Co., can be purchased at $1.75 per square guilty.
holder. But if guarantees for the new jasbe, foot or about $85,500-850,000 payable in cask Sentence was deferred.
have to be granted on the jist March thetrouble and the balance to remain on mortgage for tha will be endless-it will not be finished this existing lensa and that the stock-in-trade bas | year. I think as a matter of business, been valued by Mr. Andrew Johnstons bat, commonsense, courtesy, and general con- strange to say the amount of this valuation is ventence my resolution should be passed, not stated, but is lumped together with the good- Mr. Wotton We cant adjourn it for three will at the rather startling, sum of $75,000. It weeks. Thlak the proper way would be to let the further states that the business is a going con On the 8th ulto. prisoner engaged theprosecutor first resolution be put to the meeting and take cem and will be handed over as and from the IVE to now him over. from Hungham to Wanchai, the vote whether it shall be confirmed or not. If of January, 1889, with all profits and liabilities and, when ball way across, pushed him into the tie not confirmed, before the 25th it falls to the from that dates that the business has grown Harbour, inflicted about a score of wounds on his ground naturally. The directors have a duty to to its present, dimensions: although hampered head with a dagger as he rose, and finally rowed perform they she tied between certain points throughout by want of sufficient capital, and that away, learing him to drown, A passinger boat of law and the convenienes of shareholders. If the intention of the promoters now is to place the picked him up, and be just managed to recover. it is not passed everything will have to be con- concern upon a more sound financial basis by The prisoner was afterwards arrested in passes.menced de mount Whether it is to be $400,000 the acquisition of the additional capital requireds or $200,000 will have to be decided by a new that the business during 1888 was very suis- sion of the boat, fi
The prisoner said the accusation was false-if meeting in any case, referendiske factory and that contracts; and other work at he had wanted to rob he would not have gone Mr. Legge pressed for his amendment to be present on hand amount to over $50,000. And in for a lot of old clother tongue me sa pukoorega dela je i thats all f
Two suspicious looking witnesses swore an Mr. Wotton -You, alluded Just now, Mr, gliki, put the jury immediately found the man i legge, to your fanble understanding. 5 cat
THE ATTEMPTED MURDER OF A BOATMANA,
Chan Apo, a sullen looking young nudlian, was indicted with robbery with violence of Wong Apo, a sampan man, and the theft of property to the value of $8.
Who are the promoters Are they ashamed
to have their names on the prospectus). No