is goed, jem'ums sould cover not only all lesses but leave plann fair margin for dividends, The capital is only a security to the consiliuents of the Company; we paid it in as we would pay a cashier's eendly for a friend, to streng then the credit of the Company, but not të be ured We know that 'we' might lose altera part by an unexpected confl-gration, but we should not expect to see our capital go slowly by consumption, as we do not expect that the principal of the cashier would discover a small dishonesty in the amount we have given security for. Now, gentlemen, if this Company, after 7 years existence, and after having given for 3 years no dividends, has lost on claims and bid Investments, not only all premiums collected; but also the interest which. It has received from our explial, and also at least gro0 000 of this oor capital, I think every reasonable man mast find that it is practically insolvent. What were our objects and considerations when wo helped the starting of this Company by taking up shares?
-We intended to get a safe fovestment, as share of an Insurance Company is always, considered to be so, whenever there is an average luck and careful management, and in care of bad luck the directors know the right moment when fighting against it should be
given up.
2.-We expected toget a fair dividend ; not as much as we expect from a roore speculative enterprise, but at least something over what wa get from a grad bank where we can always liquidate with a single cheque..
3-We intended to get an easily negotiable paper on this market. This is most Important out here where we are not, settled, down. I cannot expect to keep these shares for many years. We all hope to go after a few years and mus then square our accounts, and if we die here our wives or children will have to squate there accounts and go.
But what do we find now after 7 years experience ?
3
1-The investment is certainly not safe me long as the Company's nasets are reduced.·
2.—D vidends we have not seen for 3 years, and we would have no claim to get any in future. The shares you cannot all, and alth ugh the directors pretend that your $20 am there, and we ourselves know that at least 315 are really there; if you must sell you cannot get more than $7 or 88. What is then the object to go on with this business 2 Why should we. leave there ur money, w.ich in the present hard times could be mech, more usefully employed? ThFo ly reason I could find world be the unp'e sat acessity to demies half a dazen of employee and c'erks who have been for years the f Uhful servants of the Company, Our full sympathy is with them and the com- mirtee that will look after the liquidation will Bee to give them a qu te compensation. But Me certainly cannot be expected to sacrifice on their behalf so much of our money. We have no more right to go on only to my, that, we have fought not what we have started to do it would not be prudent; it would not be credible to ment of butoness; twould not be hones in these fue who can rss affwd he loss. It wil be a bear fit to us to go back our money and a beneĥ) to all Singapore, I there will be one less bid company in the place and in this enviction, I beg to ecand te motin that the Singapore Insurance Compary should be wound up voluntarly.
|
THE HONGKONG TELEGRAPH, FRIDAY, NOVEMBER 25, 1892.
posted to them. Many Shareholders have stated that very misleading statements had been made them as the position of the Company, and the following two letters received by me, are rather significant of what has been done,
Singapore, zand October 1891. DEAR SIR, -I hereby bring to your notice that a Chi aman named Cheong Swee Whait came to me, and made me understand that the company la in a bad stató so it should he wound up as many wisher the same, but after that I have found quite contrary after giving my proxy so herewith withdraw my proxy and I shall attend the meeting when it so called, and if I could not nitend I will give you my piory.
Yours truly,
1:
SEET GUAN SWEE
Mr. Nathan: Seet Guan Swee sent another letter to the Secretary' cancelling that letter and your proxy.
The Chairman went on to read another fetter 1- To J. F"Craig Esq.,
Chairman of Singapore Insurance Company Limited.
DEAR SIRI beg to bring to your notice that Cheang Swee Walt a well known friend of Mr E. Nathan called to the office and persuaded me to sign Proxy favor of Mt. Joaquimo, that as the Singapore Insurance Company going to wind up, unless you sign, you can not get your $20 P. share, and very foolishly I have done so and see the return of my assistant who understand English, told me, and I at once regreted what I have done, I sent for Swee Walt to return my Proxy, at several times and refused to accede to my request, now I beg to say that it is against my wish to wind up the company and my Prozy. I cancell ft, and I am sure there are many of my country-men-being same way mislead.
I am,
Yours Faithfully,
CHOO U LAN. Statements have been made that the Company Is gradually losing its assets and capital, cannot be in a position is pay a dividend for the next five years, and so on, all of which are untrue. You have before you a statement of the estimated pasion of the Company at 30 b September last, which, in View of the verius logies experience during the year by the whole insurance world, may be considered satisfactory. Your capital lo Intact and the reserve, as at last annual balance, is untouched; income accunt afer deducting all claims pri up to that date and prding, and all expenses, shows a 'credi: balance of upwards of $100 000.
The result of the working for tägt after paying the exceptionally heavy losses, ($105,000 having been paid out since ist January ) and after paying off the debit balance of $9654 carried forward from 1790 account, leaves A credit sufficient to pay a dividend for 1891 of 3 per cent.
cm x
The Straits Insurance Company are fustaneed as being in so much better a position, that we should close and leave the field to their favour, is 1876 their Reserve stood at $203,000, to-day It is $35 opa.
Is your Company paid no dividends for 1889 and 290, hat sice the Company started, dp to the present time, the prefas distributed are equal to 3t.p.r cent. per annum over the whole period.
A regards 1892 account, no reliable estimate of the result can be given for another 12 months, but fo view of the much infer lines on which business has been carried out during the year, your Directors anticipate that a dividend will realized.
The Chairman Gentlemen before I begin my remarks I might just bring forward an analysis of the statemen which appeared before you showing a halance of $100 000 There is an amount that has been standing to Agenciesould particularly-emphasise what-I-have Account for paying clalma_for_xfox and Bga of $139 321. Then am unts that have been »d after deducting all expenses-le carro d takin calculations on the past few years of what the expenses would be-$141,969 The investments and interest up to date
holders
The Chairman then put the following resolu tlon:-"That the company be wound up volunt- wrtly under the provisions of the Companies Ordirance 1889
The result of the show of bauda was declared to be eleven in favour and twelve against,
Mr. Jorquim I claim a poll."
The mall was then taken and the Chairman said: The result of the poll is 1,380 votes for the resolution and 329 ngalast. The total wanted out of 1,609 votes for carrying the The total of the votes in vesolution is 1,207. favour is 1.380 so that the resolution is curled. There will be a meeting which will be called afterwards to confirm the resolution.
The meeting thea separated.-Streits Times.
LATE TELEGRAMS.
does I hope to benefit, at.
Only the cost of the bond fide Investor? about two months ago a letter was sent in through Mr. J. P. Joaquim asking that the pre sent Secret ry beʼre-engaged för 12 months fram December next, and then it could be judged whether it were advisable or not to go on under the same m nigement, or engage a new Secre tary. After the Directors refused to accede lo ible request they find the same shareholder agitating for immediate liquidation. The sup porters of this movement, I believe, intend to propose that the liquidation shall be placed in the hands of the Stralis Insurance Company, I may at once state plainly that if liquidation be decided upon, the Board feel that they are bound to oppose that idea to the utmost, even to the carrying of the matter to the Supreme Court and they do not doubt being able to shew good cause why such a mad step should be stopped, Assuming however that the prime movers have no ulterior motives, no hidden object in view, nothing but their individual stake in the Company to safeguard, what do you think of the foresight of men who would haud over your mortgages, amountingto over $100,000, to be realized by a company with $400,000 outstanding mortgages, which as a matter of common knowledge are in the present state of the market unrealitable. As regards the pro- perty in Battery Road, we could let it now to show an Interest of 8 per cent. per annum. The Investment is good enough when we can only get balf bat amount from the banks, and when no one cares to put cut money on mortgages. I say unrealizable; the fact should commandments to Suakim has been deferred. moment's thought from the shareholders, for in the realisation of this asset would depend in a
.
LONDON, November 8th.
· The Times anys that the total fallare of the crops in Great Britain has brought on a severe agricultural crisis, and that a Great National Conference will be held in London on the yth of December to discuss the remedies for the same.
CAIRO, November 8th. The operatives on strike in Lancashire so far only number forty thousand... Those remaining on their work will contribute largely to the strikers" fund, and therefore the strike is likely to he a prolonged one in consequence,
Orman Digna having withdiawn to the inte flor the intended despatch of infantry reinforces,
LONDON, Nor, Sth.
The first meeting of the Commission appointed to enquire farn the cases of evicted tenants took
Oficial returns of the imports for October show a decrease of two millions one hundred ad forty seven thousand pounds, and in exports of the millions four hundred and forty thousand pounds as compared with the corresponding month of fast year. The last ten months exports show a total decrease of nineteen millions.
The Directors of the Suez Canal Company deny. that they are debating a Lottery Bond
Conversion scheme,
The Meetings of the unemployed on Tower Hill are under paid organizers, and the language used by sprakers is becoming increasingly
breatening.
great measure what the shares will bring in over place yesterday, when Mr. Justice Mathews their present market price. I know at the mere fared to allow covatel for one landlord to sent moment of $450,000-worth-of-good-most-cross-xamine Cation. His Counsel protested gages which mortgagors are trying to collect, that this made the enquiry a mere sham, and and you all know what prospict there is of
be then withdrew, with the other fandlords doing this at present. My feeling is that you unsel will fird in this, one 'strong argument against liqudition. Our mortgages, I am glad to say, are earning on the average about 8 per cent, interest, but I am convinced that wholesale realization will involve very berry loss. With time, the land market may be expected to im- prove and with time the new policy of the Board may be expected to shew fruit; why not then content yourselves with making it clear that you are determined to have profi's or liquidation? and give the Board time to shew the one or to acknowledge the desirability of the other. The Hoard will not hesitate to advise liqidation should anything occur to Jeopardize the assets, or on the exprcta ion of better results proving wrong, but meantime they ask this meeting to authorits them to continue. In conclusion I may say that the Directors have no wish to go against the fe ding of the majority of the sharebellers, hut were anxinus that the exact position of affairs and the nature of the movement for Iquidation should be fully known before any wreievable decision was come to, and they have felt hound to se as they have done Having accepted their poshton on the Board they are prepared to continue their effets to advance and improve the position of the Company.
Mr. Pertile:-It is only fair to say that the Chatman of the Srets Insurance Company has bad nothing whatever to do with this aghaien heyand being approched by a number of the Singapore shaich ders. Mr. Craig is wrong in his idea. He told me a few days ago that it was Jat as aburd as if we were prepared to liquidate the firm of Messrs. Gilfillant, Wood & Co, or if
out of the firm of Mes.is. Syme & Co. thace of the epitiners wished them to liquidate.
The Gaekwar of Birod• will attend the Tard
Mayor's Banquet to-morrow at the Guildhall.
ROME, November 8th.. The Italian elections have resulted in a sweep- ing Government majority. Several Radicals have been-ansested, including Signor Imbriani and Signer Cavallott,
PARIS November 8th.
A borab in the form of a saucepan was to-day found on the threshold of the offices here of the
·Carmaux Mining Company, and was at once taken to the parent police station, where it xploded with terrific force while under examins- tien and blew four policemen literally to pieces, ending in inspector. The station was com pletely wicked. The bomb was doubtless
xploded by clockwork. The outrage has caused the most inter sa sensation throughout Paris.
OR, DON'T TOUCH MEI DON'T
COME NEAR ME?”
Advertisements.
DOUGLAS STEAM-SHIP COMPANY, LIMITED.
FOR SWATOW, AMOY AND TAMSUI.
THE Company's Steamship
"FORMOSA," Captain Hall, will be despatched for the above Porta, on SUNDAY, the 27th instant, at Day- light.
"For Freight or Passage, apply in
DOUGLAS LAPRAIK & Co
General Managers. Hongkong, 25th November, 1891. [1171
NIPPON YUSEN KAISHA,
"
FOR KOBE AND YOKOHAMA (Calling at AMOY).
"THE Company's Steamably THE
"BIGO MARU,”** Captain Jas, Jones, will be despatched for the above Ports, on MONDAY, the 28th instant, at
4 P.M.
For Freight or Pasuage, apply to
GEO. R. STEVENS,
Agent. Hongkong, 25th November, 1892.
FOR SALE,
DUC DE MONTEBELLO-
CHAMPAGNE.
(1166
Fatimations.
NOTICE.
FSHANGHAI BUTCHERY will be prepared to
the 1st of November next, the
supply BRAWN, LARD In HLADDERS, Fresh and Pickled ENGLISH PURK, SAUSAGES, &c. &c.
Alsa, BEEF in Joints and Corned, BLACK PUD- DINGS, Pork and Game PIES.
8. R. GALE. odanghai, a7th October, 1897,
f1082
THE NORTH · AU¬TRALIAN BUT HER. ING COMPANY, SINGAPORE. *HIS Company barchers only AUSTRA- THI
LIAN CATTLE (100 head arrive monthly by their Steamer "DARWIN"), and they now supply Stearners with their sea-stocks, &c of AUSTRALIAN FRESH BEEF at the same price as Native Beef
Orders, either for carrasses or · smaller quantities, will receive immmediate execution, and may be sent through Dubashes (24. Ships! Compradores) or direct to any of the given addresses. ASK FOR AUSTRALIAN MEAT AND SEE
THAT YOU GET IT.
OFFICES A. Raffles Place, Singapore; Tele-
phone No. 113.
CATTLE CAMP-New Harbour; Telephone No.
BUTCHERING EStablishment Orchard Road;
Telephone No. 184.
$1600 per case... 6 Magnamo (Dry).
27:00 do 6 do (Extra dry) 25.00 do.
...12 Quarts
(Diy). 76.00 do.
...24 Plots
(da). 25.00 doi
(Extra dry), do.
(do.),
12 Quarts
25. Singapore, 1st September, 18oz.
TAKLEMA COLLIERIES COMPANY, MOJI.
1 THIS Company having appointed the
900
17.00.
***24 Pints
BRANDY. $7.50 to $66 per case of r doren quarta.
CLARETS.
$6 to $42 per case of 1 deren quarts.
"FRENCH BEER, WHITE WINE,
&C., BUCA Price list an application.
M. S. SASSOON & Co.,
Agents for
P. MIGUARD, E14, Shanghai. Hongkong, 25th November, 1892. “
DILIGENTIA
LODGE
Undersigned AGENTS for their Coal, (TAKLEMA AKAIKI) in Hongkong, they are prepared to supply Coal ex-Ship, er-Godown, or trimmed In Bunkers, at prices to be bad on *pplication.
Coples of Reports and Analysis to be seen in the Office of the Undersigned..
CHEE ON & Co.,
Sale Agents,
Nos. 21 & 22, Lee Yaen Street, East. Hongkong, 26th September, 1892. 1933
THE MIIKE COAL MINING COMPANY,
HE MIIKE COAL is a
[1373 THE
¦OF INSTRUCTION. - REGULAR MEETING of the above A LODGE will be held in FREEMASONS HALL, Zetland Street, on THURSDAY, the rst December, at 5 for 5.30 p.m. precisely. Visiting Brethren are cordially invited.
Hongkong, 25th November, 1892.
Auctions.
[1170
PUBLIC AUCTION Or HOUSEHOLD FURNITURE, PIANO,
&C : " &c11
820. "HE Undersigned has received instructions
to Sell by
THE
„PUBLIC AUČTION. TO-MORROW,
(SATURDAY), the 16th November, 1891, Commencing at 3.30 PM.
at his Sales Rooms, Daddell Street, THE WHOLE OF THE
will be ab vl $12,580, total $203.720. List of which examination' showed to be the chief naked for them'or made. any endeavour to get business oils in New York, and the howler was the ALUABLE HOUSEHOLD
claims puid and all claims that are pending, everything that was known, $80,413 Calcals tions of mones fm gencles and Head Office $14,250 total $ 21,763, leaving a balance of $19007; of which sum there is not, to the knowledge of the Diretor, or the Secret-ry, a single dollar er pinny of bad debt; it is all premium which. has been earned and is being
them.
The Chahman-This is a letter which comes from Hongkong (reading)"We understand that the Chiers agent of the Straits Insuranc Cr, is netively touing many of the Chiness shareholders here (or proxies in favour of quidation. No doubt we could have obtained many poxies in favour of the directoss had we them, hut we have not considered ourselves authorized to take any steps in, the matter."
Mr. Joaquim: know of certain of the directors who have been toating for proxies.
Mr Nathan know of one of the directors who has been to the Chiese "kow towleg to "Mr. Gunn -- think this would be a good
statement which has been made that he threatened, when his transfers were not passed, he would smash the Company, I think he should first clear himself of that. We consider shut no man should approach us with such dirty hands; I think that is imper- tinent. (Hear heart) 1 am very sorry to are all this agita lon. It strikes me that, from the very fit, the Straits Insurance Company should only have been too anxious to disclaim having had any connection of any sort with their neighbour company. Mr. Nathan, so it has apposted in print, has been charged with threatening to mash the company, and he does not take the trouble to refer to it. We are not accustomed to this, and I hope there will be an end to it.
earned this year and which is being remitted to steps to secure. It will consequently be premianportunity for Mr. Nathan to repudiate the
Mr. Nathan --Of course it is not true. The Chairman-My information comes from the Chairman of the Strafts Insurance Company.
Mr.-Nathan ----I dony IL
Mr. Nathan :-The shareholders were treated in the same way, I have had letters trom Hongkong authorizing me to liquidate the Com. pany.
Mr. Guan-You think that explains your conduct ? Let us bear you repudiate the charge.
Mr. Nathan : What interest do you take in † the company? You are an auditor.
Mr. Gunn-I never thought of my auditorship at all and such a thing never entered my mind. Mr. Nathan -Yeu bave to consider your frex. Mr. aria-What interent have, you in the company?
Mr. Nathan :-I am a’shareholder..
True words wors attered with a bowl-almost a yell Tet the boy to whom they were addressed wasn't within ten feet of the bowler, and wouldn't have come closer for his life. The soone WALL big
And
WEA TORY chief man in it. Bened the concern, rich, and a decent fellow mough. But sometimes he as though he had would break out like that, and howl fart dicovered a fire in a powder mill. You could hear him from the basement
What was the matter with him? Temporary insanity
Nat quite, but something nearly as bad. He had at soute atinok of goat in his too, and
ad at those solemn crises he couldn't bear the sight of even a shadow moving in his direction. Ask somebody who has the goat how it, fools. Fancy a blacksmith twisting your toe with hot pinoers while a shoemaker is thrusting s bradawi through your knee-joint. That's a little like it.
A
the roof.
Well, there are things not so bad as goat, jet they make us touchy enough. Here comes a man, for instance, who says, "Everything now is 'a trouble to Why me." What should he talk that way for? should everything have been a trouble to him? There Is an old saying that while we can't feep the wowa from dying, we needn't let them make neste in our hair, That's good sense. But it's easy to give advice and to quote proverbs. How does a person set whe suffers from boile
FURNITURE, &c,. of
F. DOWELL, Esq.
-
BITUMINOUS COAL
of dark reddish colour. For steam purposes It has been pronounced to be the best and the most econòmical of all the Japaners Coals. Its export is increasing yearly, and the opinions expressed by several of the largest regular consumers are in testimony of the excellent qualities of this cost.
Attention is called to the following advantages to Ships Owners and Captains, who coal their bunkers direct from the Undersigned :-
FRESHNESS of the coal.
UNIFORMITY of quality.
FREEDOM from impurities.
Supply in any quanilly on shortest notice. Quick despatch,
BEST of weight, etc, etc.
MITSUI, BUSSAN KAISHIA, Sole Agents. Kōnekone, çih September, 180.
KING WO CHEONG.
[Roo
COAL MERCHANTS, SHIP'S COMPRA. DORES, STEVEDORES, &c. Have for Sale a cargo of pare AKAIKI COAL, ex.S.S. "LENNOX."
TAP-STRY ORAWING ROOM SUITE, CANTON MARBLE-TOP BLACKWOOD CENTRE TABLE, TEA and SIDE TABLES, OVERMANTELS and FANCY CHAIRS, used,
PICTURES, ENGRAVINGS, PLAQUES
VASES.
ORNAMENTS, HANDSOME INLAID JAPANESE CABINET, SOLID BRASS FENDER, IRONS & PURDONIAN, BRASS, 5 o'clock, TEA-KETTLE & STAND, BR SS PEDESTAL LAMP, CARPETS, RUGS, &c.
COTTAGE PIANO by L. ROMHELDT in good condition,
MARINBURCK-MADE EXTENSIONDIN- ING TABLE and CHAIRS, MARINBURCK SIDEBOARD with MIRKOR BACK and DINNER-WAGGON, MOROCCO COVERED OUCH and CHAIRS, DINNER and DES- SERT SERVICES, GLASS and PLATED WARE, CUTLFRY, &c.
Now, the fountain of all feeling and pain is the nerves. An hour or two of toathaohs is a lesson os the nervous system. But there are diseases (or one DOUBLE BRASS BFDSTEAD and MAT disease anyhow) in which all the gorros in the bodyRESSES, &c, IRON BEDSTFADS and seem to tingle to every sight and sound. The mind Children's COTS, MARINBURCK-MADE is on the look-out for evil-the man is depressed and DOUBLE WARDROBE with PLATE GLASS- afraid. Every word means misshist, and every bush
DGOR, SINGLE WARDROBES, MARIN- hides an enemy. So he thinks. He knows what BURCK-MADE LADY'S DRESSING TABLE Bolomon meant when he said, “The grasshopper la& GLASS & WASHING STAND, DOUBLE burden.”
SET, WRITING TABLE, BABY'S BAS. SINET, DOUBLE PERAMBULATOR, BED- ROOM SUITE, &c, &c, CURTAINS and CORNICES.
Mr. Michael McCormack is a railway messenger. and lives in Mulitagar, County Westmeath, fraland, In June, 1850, he was taken ill. His mouth tasted foul and coppery, his stomach was sour and dead, and when be forced down a little food he felt so zzuol diairess and pain after it that he was sorry he hadn't Bolides this there were let it alone and
gans hunge pains wandering hurting him, biting here and there like ugly dogs
his sheet, back, and alder
and
sad regarding the safer nature of the business now being dose, The Directors during the past six months bave been m king amost 161rching examination int the business done at all agencies, certain risky classes of business spurce of loss in the pst.have been unsparingly weeded out, and new agencies aresed out in new fields which so far promise well. The Board is convinced that no Company is working on sounder and more conservative bals than the Singapore at the present time. The one essential wanting is efficient supervision at the Head Office and this the Board have taken
and collected at the Head Office. Mr. Jangulos ture on the part of the shareholders to liquidate has drawn attention to the accounts but I cannot the Company before the new policy of the Board exactly follow his remarks that the Company has been allowed time to shew the results that bas lost on the 1892 account a large proportion ara looked for. of its balance at the end of 1891. The busines Surely the position is not one that calls for la 1892 has nothing whatever to do with the liquidation, though I admit that the absence of balance of 1891, and I cannot follow the dividende for two years might warrant a change remarks he made on that polot. By the state of management, which is what the Directors ment par forth at the last annual meeting recommend. If the Directors thought that the the balance carried forward was $135,000. A movement in favour of liquidation had originated shewn in the accounts it was distinctly stated with the bona fide investors in the Company, they that, at that date, arst May, $76,000 of that would have received the proposal with much amount bad already been paid away on claims greater respect, but, so far from this being the cise, for 1891; thus we take it that the assets of the it has originated with and bern pushed forward Company have been reduced, because the balance by speculators, by wreckers I may term them, shown at the 31st December 1891 shows the | and, in one instance at least, by a concern which aata as they are and thus showe a different has its own interests to serve without reference amount. Of course, the assets from the 31st to those of the shareholders at large. This may December, were Including all the premia earned seem a strong assertion to make but I think it is for that year and of course all abilities and more than Justified by the following. I have Idees had to be paid out of that amount as is | reliable information, and challenge Mr. Nathan done every year, and to say that we are reduce to deny the fact, that he offered to the Straits ing the assets of the Company is a very queer Insurance to bring about the liquidation of this remark to make. The capital is intact ; invest | Company in return for a sum of gro oos. mente are intact ; and the small investment pat "to the credit of the Company in 1885–$11,000 odd-is still there and has not been touched, Mr. Joaquim also discussed the account which has been sent out for the information of share. bolders, and says that he based on this his desire for liquidation. Now the whole agitation. took place long before such a thing was sent out, and not a single man who has agitated for liquidation bae at any time made application to the Secretary or to any of the directors for infor mation as to how the Company stood. I am sorry also that I shall have to deal with one or two personalities but I think I am quite Justified The Chairman, continuing, sald Mr. Nathan in what I am doing. Mr. Joaquim has dissected bas stated that if the resolution to wind up be the account of the estimated position of the not passed, be will do all he can to damage the Company jast Issued, and on this bases his desire credit of the Company and compel it to stop. for liquidation, but the agitasion was not based This throat, however, may be taken very lightly on any knowledge of this year's business, and no as it would be an easy matter to effectually stop junior clerk at Ingapore I have put $10, $30 th of it, and it was like six years. In such
aar tako medioice will he is told about This application was made by any of those moving in any such grossly Improper proceeding ware it and $40 a month fate the Singapore Insurance I did, without getting any good from them, and I the matter to gain any information from the attempted. Another active agitator is Mr. Company by living quietly. After six years I had got weaker and worker. Everything w Company. It may be that the shareholders Pertile, Director of the Straits Insurance Com- about 160 shares. I had to leave Singapore, not to me, I couldn't bear things I used to think nothing now present have come to this meeting with pany. What are we to think of him and kdowing whether I was coming back to my old of their minds made up as to how they proposa of his open avowal of baving acquired his firm and, having no one to lust, I sold these "In Desember, 1800, just before Christmas it was, woting, and I am not sanguine that anything I shares with the object of promoting this shares which had cost $20, $12, Siç and $7, at | I dist heard of Mother, Beigel's, Syrup and what it may say will influence the result, but the movement) Are we to suppors that he $13. Some years ago many of my friends were had done in oases like mine. I gets botale from Mr. Directors think they would be wanting in their is acting on behalf of the Company of in favour
Company: duty to the shareholders if they omitted to make which he is Director? If not, it Yould Insurance Cliquidation of the Singapore Rogers Drag Blore, and before I had used all of it I felt wonderfully bettery and by keeping on with is clear the views held by the Hoard, and I wish it have shewn neighbourly feeling on the part of Mr. Exries Mr. Pertlie does not forgive the short Ume eroty pain and ashe went out of me, and to be fully understood that, in the remarks I that Company to have disclaimed any connection
I was able to go about my work as well as ever I was Those facts are, vouched for by H. have to make, I am acting as the month with his action, but so far from this having been
Rogers, Kay, Tova Commissioner, Mullingar. piece of a unanimous Board. I may done It is common report that this agitation has preface my remarks by explaining that, preylous been actively supported by the Straits, and they sp the receipt of the liter calling this meeting, have allowed their name to be brought forward there had been received a letter signed by five as willing to undertake the liquidation of this of the shareholders, and it has appeared in Company. Mr. Perale said that it was reported one of the local papere. Marien reports had that no efficient underwalter in England would beca current that ap attempt was beleg made by accept the Secretaryship of the Singapore the other directors had told me that they would a few persons, including three of those who had This is not correct, but perhaps, he may be like me to veep out of it and I am happy to be signed the letter, to attempt the winding up of aware that three very suitable applicants, after able to say this for their benefit. Mosey con- the Company, and that many inaccurate state- calling on the London Manager of the Straits sideration does not prevent me from showing my ments had been circulated among the share Insurases Company immediately withdrew. 1 opinion. I shall be glad to resign my director- holders to induce them to give their votes in may here inform him that there are other ship of the Stralis if they would prefer me to keep favour of that being done, and your Directors sultable men applying, but that the Pictoss out of this agitation to close the Singapore felt bound in the interests of the Company naiprally await the result of the present move. Insurance Company. This would mean a loss to draw the attention of all of the share ment before coming to any decision. Another of $1,000 a year to me; and, as I would only get holders to the matter, and they caused satiya agitator in this matter is one of the Banks #5 per share on 25 shares in the Blogapore, you letter to be inserted in the Siralle Times controlling a large number of shares. In the "will" see "hatijno malezial benefit will accrue to Leads- of 19th October,, sopies of which were | Ranch working in" she" interests of the (Sharp! ) MA
Mr. Earle -I heard the statement made. bir. Adams --I heard the statement also, Mr. Nathan (peating to Mr. Earie) You heard the statement made, and you also heard me say that it was allo. Call for Mr. Sohat.
Mr. Pertiles-Yes Yes I call for Mr. Schst. The disorder than begime general and, af er cries of Order 1 Order Go, on Go an The Chairman resumed his speech.
The Chairman: A speculator. (Laughter and Applause.)
Pr. Joaquias -I think it would be better to
address the chair than to personally address a | shareholder.
Mr. Exile I would like Mr. Pentile to explain to the chairman his extraordinary behaviour. What interest has Mr. Perille fo the company? You hold 25 shares; sell your shares and go.
Mr. Fertile I have been a shareholder fram the beginning of the company. When 1 was A
Singapore for the loss he has personally made. He is pot influenced by the present agitation, and it is obvious that it is a case of revenge,
Mr. Pertile -You said I have no läterest, but I think I can show straight out that I have more luterest in the public welfare of the place than you do. I bought as shares, I am a directer of the 'Straits Insurance Company and
|
he couldn't go to his work, and he would scarcely
in town. His head swam with dissiness
work. All ħle ambition and
energy were gons ant prometed from the position of monger to that of have exerted himself even if he had been suddenly station-master of the biggest station on the railway,
After a while, he goes on to say, a dull heavy pain struck me in the back, so I couldn't stop over. together, I have no words to describe. I had six What I suffered from this and the other things put
CLA
in
trouble
Now, what made messenger MoĢormack's nITTNE KO sensitive, and his life so miserable for six months? Indigestion, and dyspepals; the same, detestable malady that does the same ill tum for milions, of other men and women, of all sorts and conditions. Fleety of thech will reed this true and wimple story,- and our opinion is-founded on the best of proofs that if they try the remedy which eared Mocormack they will some cast of it as happily as he did. Bat the sooner the better... Adobe
DEAFNES ABSOLUTELY CURED-A Gentleman who cured himself of Deafness and Noises in the | Head, of 14,3aurs standing, by a new method, will be pleased to send full particulars free, Address Harment CLIFTON, 8, Shepherd's place, Kennington Parky London, 9.2y Eng~[Advi
SHANGHAI BATHS and BATHROOM' requisites, Plants in Pots,
Bec
Bec &D Catalogues will be issued previous to Sale, and the above will be on view on Friday next. TERMS OF SALX-Cash on delivery.
GEO. P. LAMMERT,
Auctioneer, Hongkong, 19th November, 1897,
Intimations.
LEVY HERMANOS.
MPORTERS and DIA-
IMMONDRA of JEWELLERY My Mall, fresh consignments of latest Novelles from Europe.
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CHARTS and BOOKS, NAUTICAL INSTRUMENTS. Sole Agents for Louis Audemars Watches awarded the highest Prizes at every Exhibition and for Volgilinder and Boka's CELEBRATED OPERA GLASSES, MARINE GLASSES SPYGLASSES. No. 1, Queen's Bend, Central:
'631
BOYD, Superintendent at Moon Docks reports the RAKI COAL GIVES TEN PER CENT, BETTER RESULTS than any Japanese Coul be has ever
For full particulars as to price, &c,
Apply to
KING WO CHEONG, No. 21, Praya Central, Mon 17th November 1992. 1731
SAL-PANG COALS,
THE Undersigned begs to inform the Palle
that he has appointed HOP-WO-LOONG PANG COALS of the HONDO COAL MINES, a Agents in Hongkong for the Sale of the SAI-
Japan.
TE
KONOMI TAKASUKE,
Owner of the Hondo Coal Mines.
WE the Undersigned are ready to supply COALS of the above Mines, weight and quality guaranteed, in any quantity with the quickest dispatch,
HOP-WO-LOONG, Agents for the Hondo Coal Mines, Nos, 36 & 17. Praya Central. -Hongkong, 16th August, 1892: ---- 1855
BOARD AND RESIDENCE,
'OMFORTABLY FURNISHED ROOMS,
in Board and Table Accommodation.
Apply to
Mr. MATHER;
2. Pedder's Hill. Hongkong, 9th November, 1892. [114
PRIVATE_BOARD AND RESIDENCE, "GLINEALY BUILDINGS," (Not. 18 and 14. Wyndham Strust.) MRSGISLAND BOARDERS and VISITORS. [RS. GİLLANDERS b■ VACANCIES
also Accommodation for TABLE BOARDERS,
Honkara, 4th July, 1892.
SIEN TING, SURGEON DENTIST, No. 10, DAGUILAR STREET, TERMS VERY MODERATE, Consultation free. Hongkong, 27th September, 1992,
DENTISTRY,
» FIRST CLASS WORKMANSHIP
AND MODERATE VEKS,
[966
MR WONG TAI-FONG.
Surgeon Dentist,
(Formerly articled Apprentice, and latterly
** sasistent to Dx, Roaika),
HAS REMOVED
THE BANK BUILDINGS, QUEEN'S ROAD, (Oppose Hongkong Hotel, CONSULTATION FREE, Hongkong, 39th July, that, chat
HONGKONG TIMBER
YARD, WANCHAL REGON PINK SPARŊ" and LUMBER
L. MALLORY,
Oways on Hand,
Hongkong, v4th June, süßten