SUPREME COURT.
IN ORIGINAL JURISDICTION. (Befori, Sir James Russell, Chief Justice.)
March 9th.
THE HONKONG MARINA COMPANY.
THE HONGKONG TELEGRAPH, WEDNESDAY, MARCH 11, 1891.........
ment had been mide showing the bankrupt's position, adjourned the esse till Thursday,
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and Rodyk, Appeared for the Hongkong Trading the creditors, and a short time ago he wna Meeting, so we need only add, that of the Com-in her case. There had be not gone through mile and a-half from the mine, so that at any market, .
This was a petition saking for a compulsory order of the Court to wind un the Company,
Mr. A. J. Leach, instructed by Mestri. Holmes Company, and two other creditors, Mr. G.. Phillippo, instructed by Messrs. Dennys and Moop, appeared on behalf of Tam Tsol, a creditor; and Mr. Pollock, instructed by Messrs. Caldwell and Wilkinian, appeared on behalf of the Hongkong Marina. Company to opposs the application.
Mr. Leach said the Hongkong Trading Com pany was a judgment creditor to the amount of $1,697.70; Cheang Koon, also a judgment creditor for $184 04 ; another Chinese creditor $54.75, and Yeung Cheung $13.92, in all repre- senting $2,049.41.
Mr. Philippas vid his client obtained judgment against the Company on the 19th December last for $4466 40 and interest 314.68. The ship was wrested on the 11th December and judgment was afterwards obtained for the amount.
Mr. Leach aid the petition was preferred· under Section 77 of the Companies' Ordinance of 1865, which set forth that a Company may he wound up when the shareholders of the said Company have passed a resolution for it to be wound up, whenever the Company is unable to pay its debis, &c. In this case the petition sets forth that on the 13th Nov. last, the Hongkong Trading Company obtained judgment againat the Marina for $1,697 70, which amount remains wholly unsatisfied, and several other debts in which judgment has been given against the Com- pany, also remain unsatisfied and the Company was unable to pay its debts." He therefore applied for a compulsory order of the Court to wind up the Company, first, because it was unable to pay its debts, and secondly, that it should be wound up. If there was a judgment debt and the Cam. pany could not pay, he submitted the only thing to do was to wind up. In support of the petition there was an affidavit and an additional state ment. The Company censed business on the and he had an affidavit filed 15th October last, on to the original petition, which was made by the gentleman neling at the time as Secretary to the Company, which said that the Company owed large sums of money, including the sums he (Mr. Lench) represented, and it also further stated that the Marina was unable to meet or satisfy any of them. Therefore be submitted they had the admittance of the Secretary that the Company was unable to satisfy the claims. But he would go further than that as a reason why the Company should be wound up, there was a judgment debt unsatisfied. Whenever a company is proved to be unable to pay its debis in the ordinary course that was sufficient, but here the Company has admitted that it is unable
to pay.
B
His lordship adjourned the case till Thursday,
GEO. FENWICK AND COMPANY,
LIMITED:
These are maiters beyond the ronitol of the Liquidators, who have, however, relsred no effort to expedite the settlement as much as porsible.
in
PUNJOM,
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H. G. Brown and Co.'s scrip was done at 65. cash, and at 68 for the April settle- ment, but they are now slightly weaker.
Tobacco stocks are more or less a drug, all rates remaining nominal excepting perhaps China Borneos, which have been done at 917.
•
Trust and Loans were done at 191 for the settlement and at 19 for June, but closed with sellers at 19 and 19) for the respective dates mentioned, Founders are offering at £180, and there are many shares on the market at this figure.
Wharves are in favor, and have been k done at 75 and 76, and are now wanted at
addition to the Debit of Working-Account wéenld |a" boarding-house here, but did not know probabilities, Mr. Becher thinks, are against Mining stocks have been more actives 'take place, has, so far as conceins Losser, bern who took her ashore. The two prisoners this. There are two European miners and Charbonnages being done at 450 for the, reallard, and that the greater part is due to the were in the boating-house and, they were about twenty Chinese coolies working on the 25th Instant, Punjoms at 824, Solamas at
· IN « SUI. CHIE.
cost of Liquidation, which remains unavoidably also on board the steamer on the voyage mine which at present consists of a single level from $tto 81 Balmorals at §10, and: This was an application of the bankrupt to heavy, even after the carrying out of the up from Haiphong, but it was not they who It is now proposed to extend thand operations, either pass his final examination or be dis economies effected by the Liquidatorn, of which brought food to her while on board the steamer. with a view of following "Mount Siam reef. Imaris have been largely dealt in at 131 charged.
the shareholders were fally made acquainted at She would like to go back to her mother, The landing place is about two miles from for the settlement, at 141 for June and at but not to her husband. She was not married Kuala Lipis on the Pahang River, and the mlos 14 for December, but have since dropped Mr. Hastings, who sppened for the bankrupt, the last meeting, as will be seen by a com-
the regular custom of her country, is situated about two miles inland. Ketchau to 12 for the settlement and at that rate anid the bankrupt had falfiled all the require-parison of accounts. The details of these, so far according
as Head Office in concerned, were set forth in for in Aunam there was a proper and recognised River, a fine running stream, Rows about one there are now a number of shares on the ments of the Court,
Mr. Wilkinson said heappeared for several of the Chairman's speech at the last General marriage ceremony, but it was
fact, no mani- time should it be considered necessary to get mittes at London, Mr. Von André and Mr.age ceremony at all; she was simply taken by any extensive motive power in operation, it will informed that the bankrunt had hidden mase property. He would therefore ask for a remand. Koetigen resigned, leaving Mr. Cobb and Mr. two women to her husband's house and given easily be developed from this river.
into his charge. Her husband lived at Haiphong. Mr. Hastings objected to the latter anly coming Guttmann as sole Liquidators ibere.
The Liquidation of the London Branch is still and she lived with him for close upon five forward at the last moment.
His lordship said he had read through the
far from being completed, and it is almost months. She bad never seen her husband before she was brought to his house, He report and it appeared to him that the bankrupt impossible to foresee when such will be the case, and done all he could to the satisfaction of owing to the continued cropping up of fresh had no other wife. Her mother consented to her living with Alok. Her father, was everybody. Has he not satisfied all his creditors? claims, the difficulties connected certain Re
The Registrar-The creditors never appeared Insurance Policies, and the great delay caused farm labourer, and was alive. She had to walk to Afuk's house when she went after the bankrupt's first examination. I propose by a number of Law-suits now pending. the bankrupt do now pass his last examination
there. Her husband paid $10 to her parents and the creditors can come up at the time the
for her--that was how she came to be living bankrupt applies for his discharge,
with the Chinaman. Afak said he would take her to see China, and then they would return to The feasibility of shortening the duration of Annam. She was under the impression that ber the Liquidation has been constantly before the husband was coming with her to Hongkong. It Liquidators, who have for some time been was broad daylight when she went on board the occupied la making enquires on his point, and deliv at Haiphong. The steamer started about they are now negotiating with a view to out- six hours after she got on board. There appeared to be no secrecy about taking her on board, but standings being taken over by third parties, on
prove she was put into the coal bunkers shortly after terms which, in their opinion, are likely in the long run more advantageous to the sharewards. Three other girls wen in the bankers holders than the continuation of the present when she was put in there. It was some one on mode of winding up.
board the steamer that put her into the bunkert, It was not any one man in parilcular--there were five or six men concerned in it. Her husband was one of the six who put her in the bankers. She and her companions were in the bunkers from the beginning to the end of the voyage. brought to Her Food (congee water) was twice a day. She did not know who brought the food-they lifted up the board above the bunker and harded it down through the hole. The place was pitch-dark during the whole time. She attempted to get out of the bunker, but was threatened and pushed, back., She pushed open the door and tried to escape, but couldn't.
For beds they had mats laid down on the coal, and these had been provided for them before the girls were put into the bunkers. It was a very small place, and she had next to no chance to move, about. She was not allowed to come out until the steamer had arrived in Hongkong harbour, She had no baggage on board, although coming to see China. She did not know that she was going to China until just 2 little before getting on the steamer. Her husband told her to come on board and was accompanied by three or four Chinamen The men appeared to her to be..passengers- not members of the crew; but she felt sure they
The second ordinary general meeting of shareholders in the above named Comprar was held at the Hongkong Hotel at moon to-day (roth inst.) for the purpose of receiving the Report of the General Manager and Statement of Accounts to 31st December, 1800, and declaring a dividend. Mr. F. Henderson presided, and there were also present:-Messis. J. Stevens (Member of Consulting Committee); W. Parline, F. W. Cross, H. Harme, J. Barton, W. K. Wylie, J. Anderson, Gro. Fenwick (General Manager) and others.
The Chairman said the report for the past year, the secsed annual report of the Company, was i little less favourable than the preceding report; but that should not cause astonishment for the reason that the company's business was necessarily of a fluctuating nature. Last year was a negative year, and had it not been for the fluctuations of which he spike he thought it would have resulted in a distinct improvement in the returns for the past twelve months. It would be as well if the shareholders would, when they had work to give out, think of Fenwick & Co. By so doing they | would be helping themselves while they were doing good for the Company. He believed it had been stated by some shareholders that the dividend. should have been larger. The Diree- tors, however, considered it inexpedient to declare a larger dividend, for with a business like theirs it was necessary to keep well in funds. It must be borne in min, too, that with some long contracts disbursements were heavy, while they had to wait a considerable time for payment, or rather repayment. If any mistake bad been made in respect to " too small a dividend," he hoped that the funds reservert would go to swell next. year's dividend—that would be a mistake ao. the right side,
Mr. F. W. Cross—I should like to sak a ques- You admit that the accounts are leas favourable than last years, Now-
His lordship Why not pay the debt, Mr. | Pollock? I do not know what you want me to do. If you could come to a voluntary winding uption. would be much better and not so expensive as it would be if the winding up was ordered by the Court
Mr. Pollock. The e has been an attempt to float debentures.
Mr. Leach-That is not right, my lord. He must put in a proper affidavit,
His lordship Is there no chance of a volun- tary winding up.
Mr. Leach-We are entitled to ask that the Company be made to wind up. Judgment was obtained against them on the 24th December, And from that time to now they have dene nothing, therefore I ask the Court to do that which they will not do themselves.
Mr. Pollock-We are anxious to do all we can for, the creditars and I would ask the Court for Its indulgence. I am sorry the affidavits have not been put in as they should have been, but if your lordship will hear me--
His lordablpA meeting of the Company would be much beller to pass a resolution to wind it up than an order from the Court. I do dot know what the assets will be, but under- stand they are nothing.
Mr. Leach-There was a suggestion made by the Chairman of the Company at ils last meet- log that some negotiations would be entered into, but now they take another line and talk of issuing debentures.
Mr. Pollock-I wou'd ask your lordship to adjours this meeting for three weeks, pending meeting of the shareholders to confirm a special resolution that was made to voluntarily wind the Company up.
His lordship-When is it?
Mr. Pollock The last meeting was adjourned tina dis on the motion of Mr. Fraser-Smith seconded by Mr. Skecls. The special resolution was negatived by.......
Mr. Leach-That is most frregular.
Mr. Phillippo-On behalf of my client I ask that au adjournment be made for three weeks. My client is a large creditor and we want to get ne much or possible.
Mr. Leach-I ask your lordship to make an order now and if the shareholders make a resolution to wind up I shall not object to the compulsory winding up subject to a provisional
order.
His lordship-There are a number of other creditors' cases too."
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The Chairman-A little less favourable. Mr Cross, continuing, all there appeared but latte, if anything, to congratulate theme selves upon, for there was a decrase of 30 per cent. in the receipts. There must be some reason for such a heavy falling off, and he would like to know what that reason was. was satisfactory to find that in proportion to the falling off in the aggregate of receipts there had been a corresponding diminution of general expenses. Upon that result the Manager was certainly to be congratuln'ed. As to the Reserve Fund, there were some items entered under other headings, in the accounts
General
hich should, he thought, have gone to swell the reserve,
The Head Office accounts have been audited by Mr. Thes. Arnold and Mr. H. U. Jeffries and the London accounts by Mes-rs. J. O. Chadwick and Son, as before,
F. DONWELL. ST.C. MICHAELSEN, Hongkong, 6th March, 1891,
BALANCE SKILT 31st December, 1890,
Assets. Head Office:-
Liquidators.
Cash ..............umnis Office Furniture
85.09
50 00
Fixed Deposits with
Hongkong Bank...... 59.500.00
2,203.17
Accounts Receivable aud Interest accrued to 31st December
London Agency:---
-$61,818.25
47 Bonds Chinese 7 per cent. Losu
1885. A..........£4,700 13 Bonda Chinese 6'
per cent.
Loan
2 Bonds Japanese 7.
per cent. Loan 1873
Held by Bank against
overdrail nom£7,000 @ 3/+
46,666.67
$108,504.92 Balance at Debit of Working Acct... 250732-36 $359.337 23
Capital
Faidup... Bills Payable Accounts Payable: →→→
Liabilities.
..$1,500,000
costit
Overdraft at London Agency £7.588.10.7 3/5-$50 390 19 Uncollected Interest
$300,000 00 6.666.57
were not the men who put her in the bunkers. She first saw the two prisoners shortly after went into the coal bunkers the two prisoners getting on board the steamer. When she first
were standing at the door-way. They had to step down into the bunkers on to the coals. She had no previous acquaintance with four of the gits now before the court, but one of them was Seririend and married a Chinaman some months
ago,
Ng Abop, wife of a gardener, said she earned her living by hair dressing and sewing. She was walking in First Street on the 5th Instant, and bad several combs stuck in her chignon as a mark of her profession, She met the second defendant. He came up to her and said "I suppose you are a hair-dresser." She replied in 1
the affirmative. He took her to a boarding- Warrants .................. 2*4.00
house on the Praya, and she there saw the An: Sundry Amounts.due, 1,698 42
aamese girls now in Court. They were all in one −$ 53,570.61 | room. The second prisoner, Li Acheung, asked her to plait the girl's queues and shave their $359 837 28 || faces. She had just got through when the police arrived, took the girls and arrested the first prisoner.
WORKING ACCOUNT.
Balance Brought Forward from 1889..$237.575,79 Hongkong Salaries
2,500,00
mission
The Chairman-The receipts are shown in what the Directere consider the best form,
Mr. Cross was not satisfied with that replyCharges.............. and maintained that the Reserve Fund should be swelled as much as possible As to the Chairman's remarks about the issue of as small a divident as possible, he folly agreed with him, for comp nies should not pay the highest possible dividend-they should be careful to pay a reasonable dividend only, reserving as much of the earnings as possible,
The Chaliman thanked Mr. Cross for his remarks and suggestions, and asked him to pass i the accounts as they stood, belleving that bis suggestions would be duly weighed by the Consulting Committen, As to the falling off last. year, it was not only their company which had had that experience. The Dock Company, It was trus, had a very good hall-year, and the special reasons for it had been set forth at the recent meeting of shareholders. It must be remembered, 'too, that they had had very few building contracts during the past year.
Mr. Fenwick-The first month of the year was very good, but business fell off, and during the course of the year we had no large building contracts at all. We have not built a single launch.
Mr. Cross-in future will you put some of the carnings to the Reserve Fund?
The Chairman-The Managing Directory say the money is wanted for general disbursements. but they will bear your suggestions in mind in the future.
Mr. Fenwick-Last year it was'n mistake Mr. Leach-The notice of advertisement patting so much money to the Reserve Fand. It advises them to come to the Court and if they do would have been better to carry it forward. pot come the Court must suppose they do not What wish to oppose the petition,"
Mr. Pollock The ship" is the only asset, besides the furniture. On the 24th December an order was obtained detaining the selling of the ship.
His lordship-How would you better your position by asking for an adjournment}
Mr. Pollock-You have no evidence, your lordship, before you that the shareholders wish the Court to wind it up.
Mr. Leach-Mr. Hastings bas just requested me to say that he represents three creditors who wish for a compulsory winding up.
His lordship-I do not see why Mr. Phillippo wants three weeks. It is only a confirmatory xesolution to be passed.
Mr. Philippo--I think it better to give them ardays, although I do not press for that ure.
Me. Leach-Mr. Hastings represents creditors amounting to $4.800, and they wish ibe Company to be compulsory w'und u“,
His lordship Let the matter stand till this day
three weeks,
IN BANKRUPTCY. İN'T CHEUNG PING SHENG. This was n pelition praying for the Court to adjudge Cheung Ping Sheng. trading as Kwong, Ping Wong, to be made a bankrupt.
Mr. Wilkinson appared for the bankrupt. The Registrar (Mr. E. J. Ackroyd) said the amount of the petitldner's debts were slated to be $2,000 and the assets consisted of a number of debts, of which there were no less than 297 accounts, said to be worth $11,000, but the greater portion of them were doubtful, and only ich were put down as good, which would amount to $500,
Mr. Wilkinson said his lordship would see the sists would amount if good is B11,000, whereas The debt was only $9,000: "He asked his lard
Working Campany ike this requires is blg
not a big reservé fund.
to
Mr. Cross said there appeared to be nex no working capital at present. Was the affair running from band to mouth?
Mr. Fenwick agala said a concern like theirs did not requizo a big reserve fund. They wanted a good working capital to carry on the business wlib.
The Chairman then proposed the adoption of
London Office Expenses & Salaries... Manchester Office Expensca & Com- London Committee Fees ................ Liquidators' Fees Auditors' Fees
At Londos, January
1888 to June, 1890 $ Hongkong, 1890...
H
Retorn-Premia
Loses Accout 1886......$ Losses Account 1887......
Lear Recovered Account,
1888........
700.00 200.00
6543.32
3,183 To
$ 3.926.43
1,793-39
Rad and doubtful debts recovered ... Re-insurance Premla Recovered...... Suspense Account
Further Amount recovered on account of claims unsettled by Re-Insurers £54.2.1 at 3/200
припиновиранда
788.25
1
1,000 00
900,00
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Some large sales have been effected In Docks at 83 per cent, for the settlement," and they are now wanted at 84 per cent.ty weakened and are now offering at 1358
Ropes have been done at 136," but have":
For latest quotations sea appended list.
LATEST QUOTATIONE. Hongkong and Shanghai Bank, 240 per cent→
premiums, ex div, sales and buyers, Hongkong and Shanghal Bank, New Iarue.→ Union Insurance Society of Canton-$95' per
16 per share, sellers.
**** share, buyett.
Those who have followed the Hangkung reports of the Ponjom Company for the last three years, sail Mr. Becher, will know that the Jalis mine in the company's concession in the chief scene of operations and expectations. Great difficulty has been experienced in getting down to any depth in this mine, and more or less diss appointment has been caused at the small rotulis obtained from the crushings made from the quarts obtained here, 30 tens of quarts extracted from the slopes, which have been opened up resulted in a yield of 18 ass, of gold, equiv dent to 12 dwts, to the ton. This is twice as much as was obtained from the average in shallower workings, and exceeds, Mr. Becher says, the estimate of, 10 dwis, which he gave the shareholders as the probable average return of the lode stuff. The formation partly resem bles, that of the Raub mise, bot the quartz is in huge masses intermingled with the auriferous black slate.If it were considered desirable to co on with the extension, it might be hoped that. they would meanwhile get a sufficient, yield to cover expenses. As Mr. Becher now expects to be kept in funds from London, steps will be taken. to ensure the proper development of Jalis. Two Australian miners have recently augmented the staff at work, one of whom is engaged in pros pecing the numerous lodes which have long concentrated on this one mine. Stronger and heavier pumping and winding machinery is about to be erected.. Had it not been for the difficulty experienced in keeping down the water the bat tery would have put through far more than zò tons on the last occasion. Very extensive tunndle have been driven on the so ft. level, and there were all in the less rich portion of the forma tion. Some little difficulty has been experienced through many old Chinese workings which are scattered all over the place, from which all the best ore has been removed, The 30 tons of stuff were obtained below these old wakings and were from practically the first new grand opened, and it is hardly expected that above this level any ich stuff will be strack. On account of the dry weather the company's steam lunch Sinyum had been unable to get down for over a month. The launch only just managed to get away on a freshet a week or so ago. The ex- 'pected rainy season, which is anxiously looked for, has not yet set in.
since been located. Otherwise, all the labour is
CLIANG AND SIMPAN FIVERS, ...
strain of the manner in which some of the con- Mr. Becher spoke in rather a deprecatory cessions situated between- Punjom and Kuala Lipis are being left unworked.. On his own responsibility Mr. Becher is endeavouring to develop the Simpan River for its tín. There are extensive concessions on the Liang River wasking for this mineral and, although nothing, very real has been done up to the present, there are, Mr. Becher says, undoubtedly prospects of some payable returns.. There are evident tracks of rich bill tin deposits of much the same quality as those on which Mr. L. J. Fraser worlding at Tras. Mr. Becher is gradually working upward, and the place which was almost unknown to Europeans a few years back is now developing signs of activity. The Simpan River lies within a few miles of Raub and forms a const venient termination of the overland route, van and
1.
BENTONG, V
sharp, buyers.
China Tracts asurance Company-$64 per North China Intumace-Tis. 975 per share,
buyers.IRE
Canton Insurance Company, Limited-$115 per i
share, buyers.
Yenglaze fasurance Association-870 per share,
nominal Os Tai Insurance Company, Limited-Th. 159
ost
per stare.
Hongkong Fire Insurance Company—$335 per !
share, buyers.
China Fire fuerance Company-4 per share,
sales.
Hongkong and Whampoa Dock Company-$84
per cent, premium, ex. div., sellers. Hongkong, Canton, and Macao Steamboat Co.
$38 per share, sales. China and Macila Steam Ship Company-133 Hongkong Gas Company-131 per share,
per Share, sellers'
sellers.
Hongkong Hotel Company-go per share,
*sellers
langkong Hotel Co's Six per-cent. Debentures
pot. Indo-China Steam Navigation Company, Limited
25 per cent discount, sellers. Douglas Steamship Company-$7 per share,
buyers.
China Sugar Refining Company, Limited-195
per share, barers.
uron Sugar Refining Company, Limited-$1c9 Fengkong Ice Company $ga per share, sales.
|per share, buyers. Hongkong and China Bakery Company, Lintied Hongkong Dairy Farm Co., Limited-$8 per
$75 per share,
n: share, fellers,
AS, Watson & Co., Limited-Bazł per share,
Abuyers. A
Chinese Imperial Loan of 1884-8—2) per cent, s
premium, sellers.--
Chinese Imperial Loan of 1884: C-5: per ideat.->
premium, buyers..
kellers.
From Simpan to the Bentong district is A Ung, wife of second defendant, said she becoming quite well made and defined track, but Chinese Imperial Loan of 1886 E-14 per cent. had been married about seven days. They on this occasion Mr. Becher took the Bilut River Hongkong Roper Manufacturing Company,
premium/izze e were married in Annam and came to Heng-with a view of judging its position for water 7,436.33 tong together. She was in the coal bankers communication. The people of the Sungei Dar The Hongkong Steam Laundry Co., Limited:
Limited-$135 per share, sellers... with the other women. She would like to go property of the Company are still confined to 275.72 back to Annam. She was 18 years of age. prospecting. No large deposite of tin ore have funlom and Sungble Dua Samaplan Mining,
Baz per share, nominal... 7.333-34 When in Anaam she lived with an uncle, a yet been found of sufficient richness for it in be
$2.75 per share, buyers. seaman. As to the first prisoner she did not know profitably worked, withough it lies, Mr. Becher him at all. The usual marriage ceremony was not nid, in the midst of a large field similar to the The Raub Gold Mining Co., Limited-80 cents gone through in connection with her marriage, distric's of the western Native States, which per share, buyers. As a matter of fact she was not married to the produce in. The Bentong: concession liesmurla Minlug, Co., Limite!-8131 per share, prlioner that was to say, not legally married, contiguous to Sungei Dus and is practically ||||
Limited-$10 Her uncle gave her to the prisoner to be his wife. 2,051.67 She did not know the amount of money paid for her. She, herself, had nothing in her possession. There were six of them at the boarding-house, ,but she did not observe the first prisoner there,
William Stanton, Inspector of Police, said he arrested the defendants on information received from lukong who was Informed by an 2,133.03 "outsider." He went to the Yen-wo boarding- house, and there, in a backroom, on the first floor, $255.91363 he found the six Annamese women, the hair-it is hoped that in time the kongsee and towkay dresser and the men. He arrested the two pri- difficulty will disappear. Another cause of this 110.31 soners and charged them in the usual way. They failure to cover expenses, sald Mr. Becher, is in 347-77 lenied the offence. The key produced, was on the a' sense due to the limited scale upɔn which the person of the second defendant and it opened company has carried out its operations; and and the pillow-box which was in the room. must not forget the heavy item of 8 per cont He produced a letter which be found on the rovaltv,
sandfern nates: [{einaT 360.70 second prisoners' person. It was from a person 394-26 in Haiphong to a friend in this Colony. 3 563 43
198.89 97 91
108.00
the only going concern in stream tin getting in The Balmoral Gold Mining Co., Lin the Pahang. The production of the Benting per share, sellers, mine is rather large, but still it remains at infongkong and Kowloon Whirf and Godown unsatisfactory level, just short of making tronquin Coal Mining-Co-$450 per share?
} -Company-77 per share, bayers. ⠀ expenses. This is partly due to the labour difficulties experienced over what is known barena to te the Sinkeh system. Mr. Becher is making an effort to reorganize the labour question, and he is trying to get free labour only. The men will be paid according to each individual
output, and
Exchange Interest Profit on share North China Insur ance Comp187, Limited orom Profit on Furniture sold Interest warrants Lapsed under Sect. 98 of Articles of Association......... Brought forward from Balance 1888........$213,000 80 Increase 1889 24,495 49
$237.505.39 Increase 1890 13,737 97 350733-36
The first prisoner stated he came from Halp- hong to look for a clansman, He had been way a long time. He met the second defendant who took him to the boarding-house where he saw the girls for the first time.
The second prisoner stated that he was a carpenter. One of the girls was given to him by her uncle to be his wife. His mother was sick is China, so he brought his wife to assist bla mother. He took his wife to the boarding-house and there saw the other girls, He engaged the hairdresser to plalt his wife's hair only..
Ta the Court-He kept his wife in the coal - $155.913.63 | bunkers because he was too late to get any berth
io the ship. There was no other, place.
The hair-dresser, recalled, said it was very ite when she left the boatding-house. She dressed all their heads because she was paid by paited all their queues-six in all. She the second prisoner, LI Acheung, to do it.
The Court-There is no evidence to convict the first prisoner, but the second is sentenced to two years! imprisonment with hard labour, The girls will be sent back to Annam. `
the Books, Vouchers and Securities at Head 'We have compared the above statemen's with the report and accounts, as presented. M. Office and with the Returns, received from the W. Cross seconded, and the motion was carried London Agency, and hereby certify the same to unanimously. F Mesara,
be in accordance therewith, Ileadersen, J. Stevens and D, McCulloch were rerelected members of the Cous
THOS ARNOLD, suiting Committee upon the motion of Mr. Bar.
H. U. JURIES, ton, seconded by Mr. H. Harm
Mr. Anderson proposed and Mr. Pirlane seconded that M& Thom Arnold bo re-elected auditor
Carried unanimously.
Auditors,
Liquidators.
F. DODWELL, 8', C. MICHAELSEN,
TRADING IN WOMEN. Nuite a crowd of the
genus Talping-shan
MR. BECHER'S LATEST PUNJOM EXPLORATIONS.
A vete of thanks to the General Manager for rough rolled up at the Police Court on the the manner in which he bad conducted the buriah lust, to listen, mark, leam and inwardly That irrepressible character Mr. H. M. Becher, ness of the Company during the past year, digest the evidence adduced at the trial of manager of the Punjom Mining Company of this carried by acclamat and the Chairman Awong and Li Acheung, who were charged colony, has recently returned to Singapore from having announced that Dividend Warrants would before both magistrates with bringing alx young what is described as "an entensive tour in be ready to-morrow, the meeting closed.
Angames women into the Colony on the 3th Pahang where he visited the several mining.com instant, for unlawful purposes. The sig girje | cessions, in connection with which he is profes- wers present in the Court, and more | vonally engaged.” unfortunate, neglected and unhappy looking lot of
KETCHAU.
Commercial.
THE WEEK'S SHARE BUSINESS.
webHongkong, March 7th. During the past week business has been decidedly active and some very large transactions in local stocks have been negotiated. The tone of the market hat been strong and healthy, and prices as quoted below are steady stage
Banks have been fluctuating somewhat. In the early part of the week there was a tendency towards Improvement and scrip.
The Hongkong · High-Level : Tramway · Co.,
'Limited-$60 per share, buyers.
The East Borneo Flanting Co., Limited--$7 per
Babare, buyersBENARAN HG. Brown & Co., Limited-$ig per share,"
sellers. the dauna fuel and one f
The Songel Koyah Planting Co., Limited--$15.
per: sudre, buyers:54 2 Cruickshanke & Co., Limited-$40 per bare,
dominali
The Steam Launch Co., Limited--nominal// „Tün Austin Arms Hotel and Building Company, it i-Limited-yo per cent, dis,, sellers, bagat suli The China-Borneo Co., Limited-$17 per share,??
The Hongkong Brick and Cement Co., Limited b+$13 per share, sellers, troben amait The Green Island Cement Co-$19 per share, h
sellers DET
The Hongkong Land Investment Co., Limited-
| 17886 2 divybalesgeblog a bar med The Hongkong Electric Light Co., I imited.gg/L Geo, Fenwick & Co, Limited $20 per sbare,
per share, sales.
sellers ad
The West Polat Buildings Co, Linked-$30
pergunto, sellers**
The Peak Hotel and Trading Co,
healul Planting Co., Limited-$30 per
bar, seller andel dere Labuk The Lamig Planteg Co., Limited
*^sellers (79% € 15
rakäre,
changed hands at 343 per cent for the coming settlement, but they are now 241 per cent cash, and at 247: per cent," weaker and business has been "done" at
Tue Jelebu Mining and Trading Co., Limited.......” for the 25th lustantam na
Now Issue scrip has been dealt in at 318-11 per share, sellers for the settlement, the market closing with The Selama Tim Mining Co., Limited-$14 per the cash quotation at 319 inhare, selleries de gegan
Nothing of importance has been done In The Shameen Hotel Co., Limited-comical,bi yör Marine stocks and rates remain nominale Kowloon Land Investment Co., Limited
`$17 per share, sellers. A small business is reported In. Fire The Trust and Long Co. of Chios and Japan Insurances Hongkongs
gs at 335 and
819 per share, ck, dív,, sellers. Chinas at 84.
The Trunk bd Loan Co. of C, J. and S.-£180 The Hongkong Marina, Limited--par
Founders abares, buyers, London and Pacific Patroleum Co,
£15, sellers
on LONDON-Bank, T. Atheism of the CHANGE,
**! Bank Bills on demand
Dank Bills, at 4 month #Credits at 4 months' sight.
Documentary Bills, at 4 mor
H. C. and Macao Steamboat Co. are the Io, Shipping Co.'s the shares of the only ones that have been inquired after and they were placed at 8384, but towards the close of the week they receded some what In-favor, and can now be obtained young women have rarely been seen amongst Speaking with regard to the Ketchau conces at 838 for the settlement. Other, stocks, the Great Unwashed" at any magisterial frusion, Ms. Becher said to a reporter of the Straits remain very quiet, kan du inte forma tak pe The Consul for France sat with the magis Timer that on thelast trip down the Pas brought A large business has been done in trates on the Bench.
70 as, of gold from Ketchau, which, with A previous shipment of 56 031. makes the total Sugars especially Chinas, which have output up to the present 136 ozs. Mr. Becher been dealt in at rates as high as 199 for the thinks that is not bad for a company so recently settlement, 204 for June, and 203 for July, at work, and he says that with this return the but they are now weaker, and are quoted mine is paying its own expenses. In at 196 for the 25th Instant. Luzons, have the yo, oz, there specimens, but otherwise the gold, was the put through at 110 for the settlement, but
Was portion from steadily advanced, and shares have been ox result of a trial crushing of ra tons of
Lands have been done at Bit
THE CHINESE insurance Co., LIMITED, (IN LIQUIDATION.) The following is the report for presentation to the shareholders at a general meeting to be held at the Head Offices of the Company, at Hong kong, on Thursday, 11th March, 1891, at 4 p.m. Apo, ose of the women, said she was 19 years The Liquidators have now to submit to the of age, and was takes on board the steamer shareholders a statement of Accounts, showing Arty at Haiphong. Her husband, a Chinaman, the result of the winding-up of the Company up took her on board, and said he wou'd go ashore, to the 31st December, ago, so far as ascertained, to make some purchases. He went on skore, vit,, a Balance at Debit of Working Accost of and that was the last she had seen of him, $20,733,36, being an Inorexia of $13,227.07 for he was married to her husband, whose name Are months ago. She was stowed The accounts clearly show how this amount away in the
ship to adjudge his client bankrupt and give the your 1800, atviros de LARRY & XE was. All bunkers, of the steamer with '; tho,uvèruge rock from the lode, The crushing! Kuzey have now dropped at 109,
him the protection of the Court
His lordship, finding that no no ice had been haarisen, and it will be noticed that the expects, the other five virta--nobody in particular looked was made at the Panfóm battery, It may sa sebt to the principal creditor and that no plater, gion of the Liquidators, that no considerable after them while on board, she was taken to | kappen that the Bad is only a podiksy but the, at 86 for the coming seulement, staré vedru
PARI *Bank Bitte, on demand