To-day's Advertisements.
PUBLIC AUCTION.
THE Undersigned have received instructions
a Sell hy
PUBLIC AUCTION,
(FOR ACCOUNT DE THE CONCERSIDA
on
SATURDAY, the 27th January, 1900,
at 2.30 PM.,
at their Sales Rooms, Tre House Street.
A
THE HONGKONG TELEGRAPH, THURSDAY, JANUARY 25, 1900.
To-day's Advertisements.
SOUTH AFRICAN WAR FUND.
A SMOKING.CONCERT will be given in the VICTORIA RECREATION CLUB, 18 AID OF THIS FUND,
SATURDAY, the 27th January, 19
Commencing at 9 o'clock
great assortment of CHINESE and AN ATTRACTIVE PROGRAMME HAS
JAPANESE CURIOS, PICTURES, JAPAN NESE VASES, &c., &
Also:
Avery Fine Selection of CANTON BLACK- WOOD WARE.
TERMS-AS-Ustal.
"muches & Horen, Auctioneers.
Hongkong, 25th January, Ronal
DOUGLAS STEAMSHIP COMPANY, LIMITED,
FOR SWATOW, AMOY AND FOOCHOW.
HE Company's Steamship'
PHAITAN,"
T
Captain Roach, will be despate bed for the above Ports, TO-MORROW, the 26th instant, at Noon
For Freight or Passage, qpply to
DOUGLAS LAPRATK & Co. General Managers.
Hongkong, 25th January, ry,
BEEN ARRANGED.
ADMISSION Hongkong, 25th Janitary, 1900,
$1
HARTERED BANK OF INDIA,
have gone through are things of the past and that the present sound and satisfactory position of the Company will be of an coduring nature, hold in common with a number of share- holders the opinion that by cluminating the possibility of any further on the shares that the Directors will be following a course at once advantageous to all shareholders indivis dually and that they will also at the same time
ers of General WHITE and fUNTER have | FROM Calcutta we have received the programme | We hope however that the bad times we been smashed by the loer "Long Toni" as of an entertainment given in that city in aid of reported, the Generals in question have the "Widows and Orphans Fund" by Harms. escaped injury. Had ang accident hapton's Cireus. The programine is printed on Det er of them here pahed. It performante was ander the patmauge and in undoubtedly have been heliographed. must be very cheering to the "beleaguered the presence of E. Sir John Woodburn, garrison to fear friendly guns ente mure
R.C.S.K, Lieut-Governur of Bengal, Lady Woodburn and suite. We presume that the and to see British shells exploding, and with
arrival of the creas here.
them we hope that the relief of Ladysmith receipt of the programme fore-hndows the early confer a boon on the whole investing public of
will soon become an accomplished fact and he no longer an anxiously awaited piged 65
news.
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only paid-up, and that the Articles of Associa tion of the Company be altered so as to make the capital of the Company $3,750,000 fully paid up
ar os an alternative
That the reserve fund he capitalized and the $25 outstanding op each share gradually called up, thus completing the capital of the Gowpany at its authorised Mount of $5,000,000"
"The Chainman :-As this is a purely informal" matter, may I ask those in favour of the first resolution to hold up their hands.
A number of hands were held up. Mr. Arnolds--Before we vote, 1, with others' no doubt, would like time to consider so in- portant a matter.
the Colnay, is most desirable that there should | GENERAL Piet Jooben commander-in-chief of be some means of investing money is fully paid upsecurities without the risk which must neces- the Bact fourts, was bum ai 1405 Arch Street, sarily be attendant on all, industrial under Tad teiphta THE TRANSVAAL AND THE POWERSZ **
dis foluer was a Frenchman, takings where running expenses are great and when fell in love with no muried a girl in the must be fully maintained whether times be We do not wonder that Pretoria is much
south of HgĦavel. He land bis family went in
good or bad. We think that this Company Mr. Douglas Jones ---I should think it would perturbed and bitterly disappointed' at the
has a great opportunity of supplying such a want. be wiser instead of taking an informal vole to apparent apathy of the Continental Powers a curser of years ago. The
general has visited Amarion-irst in 1885 as Our business is sound and rents must always give us lime, är Me. Arnold suggests, to digest- BANK HOLIDAYS.
It must by this time be painfully apparent to agent for a large finant compatty, and again becoming in making a return of some sort this thing, and consider it, for really to most of the Boers that any Continental help which ten years later when he was official representa certainty. It would-attract trust funds and per- us it is quite new. It would be better to consi-. Naccordance with the Pravisions of Ordin they my have bien counting upon is now IS
dive of the Transvaal Repablic at the World's immanent investors and would be a means of re der it, and in the ordinary way call a meeting, ance No. 6 of 1875. the Undermentioned
Fair at Chiengo.
taining capital in the Colony which of necessity and no doubt before that the opinion" of the [BANKS will be CISED for the Transactortheming, for had any Power been in-
for want of such an investment is withdrawn Board would be ascertained. 1 take it that if that of Public Basmess, a WEDNESDAY | clined to taked a hand with them against us ADMIRA. Déwry kas selected as bis secretary and placed at home or elsewhere. It may be the Board have any great objection to it.
there can be little doubt that action would Jaha W. Crawfoni, who for several years past and THURSDAY, the art instant and 1st
an easy matter to finance when one is on the probably the shareholders would not press the February,respectively.
have been taken Igag. before now. -- Itelp
spot, but quite a different matter when one is at mater. Therefore, before even putting it in would pubably have come in the wake of been a member of the consistatice. Many investors on leaving the East an informal way, I think it would be better to the British reverses and as it has not done raphers in the office of the judge advocate for good are on that account prevented from think about it.
general of the navy. The position of secretary investing in the shares of this Company by The Honourable, C. P. Chater-l'need hard- so the Boers must see that they will have to in the adiniral, which carries with it a salary of
reason of the possibility of their being called | fy say I concur with the views expressed by Mr. continue the war by their own unakled of twenty-five hundred doltars per annuni and the
upon for further capital and perhaps at a | Arnold. Some of you might have made up forts. In this connection our feet has per- rank and allowances of a lieutenant in the navy,
time when it is not easy.faz them as inake | your minds either for the first or second reso- tainly proved our host passible safeguari, hay, of course, been.vacant since the death of the necersary arrangements. It is the fution. On the contrary à good many also in for, hat my lower wished to semi-help-to-Admiral Lunter in 21. mailile seven-very-reverse-of-my-wish-in-approach-the-this-mom-have-heard-this-resolution-for-the
when Lieutenant Crawford was appointed. | the. Boers it would have been found im
Directors in a hostile spirit, on the contraty first time, and as Mr. Arnold says, are not possible to do so until the British fert THE HONGKONG LAND INVEST-friendly feelings, but with a view to having a
what 'I have said, has been said with the most | prepared to give their opinion, and múst have time to consider the matter. There- had tig been driven from the
fore, under the circumstances, it is best is evidently a task whichMENT AND AGENCY CO., and this
that actual voting might not take place Continental Power is willing“ tổ 13
at the present moment. The Directors andertake. The German Emperor showed
have heard what you have had to say, and later that he was fully of this opinion when he The eleventh "ordinary meeting of share
on you must put it before us in an official form, telegraphed to the King of Wurtemburg the beklers of the above company was held in the
when we will give it the attention it deserves, other, day, and his work liave doublesses, Victoria Buildings, Queen's Road,scrip issued at $75 per share fully paid up in and then call a meeting to place the matter
Hongkong, yesterday at on, the Hon. J. J.
before you. Keswick presiding. There were also present the lon, C. P. Chater, C.M.fi, Messrs. A. A. Sighs, A. J. Kaymond, A. Hangt, D. M. Moses, Lee Sing directors) A. Shelton Hooper (secretary) G. C. Anderson, T., Arnold, G. M. Bain, J. H, Cas, A. Denison, F. E. 4. Gearge, T. M. de "Graca, Dr. Hartigan, 15 Maskell, T. Henderson, T. H. Hanke, Douglas Jones, P. Jorku, S. Á. Joseph, A. Mackenzie, A. McConachie, F. W. Melchers, M. H. Mabel, 5, 11. Michael (I, N. Mody, A. G. Morris, E. J. Moses, C. Palmer, T. C. Peter, G. F.W, Playlan, 11. A. Kitchie, I.A. W. Slade, Geishod Stewart, G. T. Veitch, C. H. Tkonyson,, R. C. Wilcox, He Fook, Komong, to Tang, Lan Kwong Seak, Lp Cheung Shui ( shareholders !
The Secretary read the notice convening the inccting.
[rooh
CHINA NAVIGATION COMPANY,,
LIMITED.
FOR SHANGHAL
THE Company's Steam-hip
"KWANGSE,”
J
Captain Harris, will be de pitched as alive.
on SATURDAY, the 27th instant.
For Freight or Passage, apply to
BUTTERFIELD & SWIRE,
Agents.
Hongkong, 25th January, egova,
THE OSAKA SHOSEN KAISHA,.
LIMITED.
داری
FOR SWATOW, AMOY AND TAMSUL
THE Company's Steamship
TAMSUI MARU"
Captain K. Sobajing, will be despatched for the above ports, on SUNDAY, the 4th Felumny. at Daylight.
For Freight or Passage, apply to
THE MITSUI BUSSAN KAISHA, Agents.
Hongkong, 25th January, 1900,
.CHINA NAVIGATION COMPANY.
LIMITED,
. FOR KOBE.
THE Company's Steamship
"CHANGSHA,”
[45.
Captain Moore, will be despatched as above on MONDAY, the 3th February.
The attention of Passengers is dienster to the Superior Accommodation offered by this Stearner. The First class Saloon is situated forward of the Engines,
A duly qualified Surgeon is conjed and the Vessel is fitted throughout with Eléctric Light..
For Passage, apply to
BUTTERFIELD & SWIRE,
Agents.
Hongkong, 28th January, 1909,
[zab
IMPERIAL GERMAN MAIL LINE.
NOTICE TO CONSIGNEES.
S.S. "OLDEN ZURG,"
of the NORDICHTSCHER LLOYD..
THE above named Steamer having arrived Consignees of Cargo are hereby in farined that their Goods, with theresi eption of Opium, Treasure and Valuables, are being landed and
stored at their risk into the Lodowns of the Hongkong and Kawloon Whard and Godewi Company, Limited, Koeben, whence delivery may be obtainal.
Optional Carges will be forwarded unless i notice to the contrary he given before 1 P.MA TO-DAY.
AUSTRALIM AND CHINA,
T. 1. WHITEHEAD,
Manager, Hongkong. For the HONGKONG & SILANGITAP BANKING
CORPORATION,
T. JACKSON,
Chief Manager. For the NATIONAL BANK OF CHINA,
LIMITED,
GEO. W. F. PLAYFAIR,
Chief Manager. For the MERCANTILE BANS OF Ianga,
JOHN THORBURN. -
Manager, Hongkong, For the BANQUE DI RINDO CHINE,
Hongkong Ngem va
1. BERINDOAGUE,
Acting Manager. For the BANK OF CHINA & JAPAN, LISITED,
BONGKONG,
LEMALEDO
Manager.
CHANTREY INCHBALD,
For the VogulAMA SIECIE DANN, LIMITED
S. CHON,
Manager. For the IMPERIAL BANK OF CHINA,
E. W. RUTTER,
Acting Manager fth
Hongkong, 19th January, 1900.
Entimation.
LIÄHTER.
WINE & SPIRIT MERCHANTS.
SEI,
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LIMITED.
proved a lesson to the whole of Europe. ad Germany possessed a powerful fleet, and also been inclined to aid the Boers, which of course she was not, matters would have We could not have proved very different. Then been certain that a foreign invasion of South Africa by sea was impossible. As matters stand, however, we have been cnabled to ghow the Powers what a tremend cus weight our navy and mercantle marine adds to our lighting power, Our army, as compared with some Continental ones, is a mer bagatelle, but it is mobile insomuch as we have the means of transporting it and route. With the other protecting it en "Powers, hoffever, iitatters are different. Their -armies-are-as it were,-lucked_up_in_Europe: The Imman said. Centenen, the Report for not one of them possesses the mercantile and Accounts which have been in your hands marine necessary for the transport of a larger sometime I will with sour permission take A. S. WATSON & Co., and, even were the gumspurts font as read. In presenting them to you your Diss cetats icel sure that you will consider the past emming, they would be at the prey of the year's working has been very satislactory, the first hostile feel that fell in with them. It
net profits therein having reached the sum of would be impossible for any Continental $padayoor as agguinst 8270, 598.67 for the pre- Power to so split up her feet as to allow of vitats year. Dealing first with what we consi
der are regular or norinal sources of revenue. transports being conveyed ou a long cecan
The Rent account shows an increase of voyage and sufficient warships left at home
$28,784.38 which, considering the large amount to protect her ports and commerce. We may of property we have disposed of, is satisfactory well congratulate ourselves upon our navy. The Interest account likewise is increased by So long as it remains in the same proportion the sum of $2,283.82, winst our Commission to those of other Powers and our mercantile accum shows a slight decrease of $44381, marine holds its own we ray rest secure. Wacansed by our constiltients taking advantage of have but one regret.
It seems to us, that the rise of property ro dispose of their holdings the feet, ought to have been from the first previously under our management. I would now particularly direct your attention to that nuolilized and on a war footing. Prevention
item in the accounts which has so considerably i is better than ritre.
swelled our profits as to enable us to present to you such a satisfactory result on the year's working, namely, Profits on Sales of Property, which amount to the handsome sum of $276,711,72 against $68,952,71, in 1898. I think It needless to point out to you that this item must be regarded as one which it would he hopeless to expect to recur annually in the future, and therefore must be considered as an abnormal items of revenue, and it is for that reason that your Directors have proposed that Fund, which, with every hope and belief that the mejor porting of it should be placed to a pur regular sources of revenue can, in no way diminish, will enable you to receive for some years to come a dividend equalling that which you are now asked to sanction, namely 12 per cent, on the paid-up capital and thereby provide against any material Bestuation which may occur in the value of property in this Colony Your directors link with confidence to the pro gressive values of property in Hongkong, but.
RAINIER BEER.
PURE, SPARKLING
JNVIGORATING
ASH
HEALTHGIVING.
REUTER'S TELEGRAMS.
THE WAR. Casualties on the 21st Instant. LONDON, January 237ch, The casualties on the 21st instant were as follows :-- Hart's Brigade, Capt. Ryall, West Yorks killed and 5 men Inniskillens, Cap. Undoubtedly the host Beer that has yet Maclactian (? Maclachian) wounded. The
been brewed in America.“
Border Regiment, Lieut. Andrews wounded, West Yorks, Lieut. Barlow and
7,5 men wounded.
PRICE:
No Claims will he admitted after the Goods Per Case of 0 dozen PINTS. $13,50 net. have left the Giulevas arī „ll Goods remaining undelivered after the 1st Februaiy, will Te subject to rent.
All broken, chafed and drenaged Goods are to be left in the Godowns, where they will be examined on THURSDAY, the 1st Pelomery, and MONDAY, dhe 5th February, at 9.30 A. MË,
All Chains must tear us before the February, or they will not be recognized, No Fire Insurance has been elfested. Bills of Lading will be countersigned by the Undersigned.
NORDDEUTSCHER LLOYD.
'MELCHERS & Co, Agents.
Hongkong, 25th-January....1.000..
TORTHERN PACIFIC STEAMSHIP
NORTHERN COMPANY
NOTICE TO CONSIGNEES.
STEAMSHIP “TACOMA,” FROM TACOMA, VÍCTORIA, YOKO, HAMA, KOBE, MOJI-AND SHANGHAL
The above Steamer having anivel, Cone signées of Carge are hereby requested to send in their Bills of Lading for countersignature and to take immediate delivery of their Goods from alongside,
Carge impeding he discharge of the Vessel" will be landed and stored at Consignees' risk and expense.
DODWELL & Co., LIMITED, Agents, Hongkong, 25th January, 1900.
NOTICE TO CONSIGNEES.
FROM CALCUTTA, PENANG AND
SINGAPORE..
THE Steamship
4 QUARTS... $13.50 net.
Sole Agent for Hongkong and South.
Ching:
A. S. WATSON & CO.,
LIMITED,
Berini sın6 A.D), 1841
BIRTH
+
At Beanitz, Orange Gore Road, Singapore, on 14th inst, the wife of E. 1.. HUNTER, of a daughter...
DEATH
410 January roth, at his resulence, Bangkok, WILLIAM STEWART, aged 38 years.
The Hougheng Telegraph
HONGKONG, THURSDAY, JANUARY 25, 1990.
NOTES AND COMMENTS,
THE WAR. Reuter tells us that no decisive news is ex- pected for two or three days as General Butt- Ew's operations are likely to be protracted. Still we have reason to congratulate ourselves on the progress made, for though slow it appears to be sure, and we have every con- fiderice that before long we shall receive the "ARRATOON APCAR,"
news of the rapture of the principal Boer having arrived from the above Ports, Consignees position at Spionskop. To the rumour of a of Cargo are hereby informed that their Goods defeat which has been circulated in Berlin will be delivered from alongside.
Cargo impeding the discharge will be landed we attach no importance. We do not think that the War Office would have been in at once.
Cargo remaining on board after the 27th ignorance of the fact and it must always be instant,
at 4 PM, will be landed at Con] home in mind that Dr. Leros is hard at signees risk and expense into the Godowns of work supplying sensational paragraphs to the the Hongkong and Kowloon Wharfand Godown-"Contimental Press, which fact will most"
Limited, at Wanchai,
probably account for the rumour in question. Consignees of Cargo from SINGAPORE Even Boer reports acknowledge that we have PENANG werequested to takeIMMEDIATE DELIVERY of their Goods from alongside: Buch Cargo impeding the discharge of the vessel will be landed and stored at Consignees risk and
Coy
expense.
No Fire Insurance will be effected. Bills of Lading will be countersigned by
DAVID SASSOON, SONS & Co., Agents. Hongkong, 25th January, 1900,
·
[11ob
ca.ried two -Kopjes and we may rest assured. that had we even been held in check a Poer victory would have been announced. Ladysmith still holds out pluckily in spite of the terrible ravages of dysentery and enteric and the almost continuous bombard- ment by the Boers. We think that it may be taken for granted that even if the quart
The Transvaal.
It is reported that Pretoria is very much perturbed and bitterly disappointed at the apparent apathy of the Continental Powers.
Disease at Ladysmith. The mortality from dysentery and enteric at Ladysmith has averaged ten daily. There .were 113 serious cases on the 21st instant.-
LATER..
Ladysmith.
A Hoer. despatch states that shells from “Long Tom" smutshed General White's and |General-Hunter's Quarters on the
was killed. instant but it is not known whether anyone
Rumours.
A rumour is current on the Berlin-Bourse that General Buller has been defeated, but the War Office discredits the rumour.
Fighting Round Ladysmith. A Boer despatch from Ladysmith dated 2nd instant says that a battle has been, raging since Saturday between the Boers under Commandant Pretorius and British troops, fighting was in full swing at Spionskop and Boers under Commandants Botha and Cronje have been sent there. President Steyn was under fire in the fore: most positions of the Free Staters.
WEATHER REPORT.
The Observatory report mys: On the 25th at 11.55 am, the barometer has fallen in E. Japan, and is almost steady on the China coast. The anticyclone is still central over N. China, and pressure is low to the E of Japan. Gradients rather deep generally, with very strong monsoon on the coast and in the N. part of the China sex. FORECAST --Fresh NE. winds ; fair.
LOCAL AND GENERAL- The Spanish transport Alicante, 2,778 tons and To crew, commanded by Captain Fernandez, arrived at Singapore on the 18th instant from Manila. She had 1,639 Spattish soldiers and zor officers on board and was bound for Barce- on. Many of these Spanist soldiers are men who have up to recently been held prisoner by the Filipinos. The French transport Chotou, with 554 passengers and soldiers on board, also arrived the same day from Saigon."
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full and free discussion on the matters touched upou I think it well to propose the followingas a resolution. That before the next Geneml incat- ing of the of the Company the sum of $1,250,000 now standing at the credit of Reserve Fund Ac- count he transferred to (apital, and that new exchange for the present scrip of Sino. with $50 only paid up, and that the Articles of Associa ion of the Company be altereal so as to make the Capital of the Company $3,750,000, fully paid up. (Applause.)
The Chairman - am sure all of us have listened with very great interest to Mr. Mc- Conachie, but I need hardly point out to him and the other shareholders present who may be in favour of his` proposition, that of course this meeting is not competent to deal with any special resolution, but Mr. McConachie's resolu tion would require to be submitted to a special meeting, 1 may say at once with reference to these two resolutions that if Mr. McConachic
and the gentlemen who support the views which he has expressed, will diaft a letter to the | Directors, puiting before them their views in concrete form, it will receive the most careful and faithful attention. _may_say at the outset, that, speaking for myself, and possibly ny colleagues, I do not view very favourably a reduction of the capital. I only mention this. and I would suggest that a letter be sent to the Directors which will receive consideration,
Mr. McConachie-It would save a great dent of labour if the Directors would take the sense of the necting, and take that as being sufficient without getting up any discussion. The Directors might put it in an informal “manner if necessary, for if it is not competent to put the resoultion formally I must obey your ruling in that respect.
The Chairman-It would be more regular if you would bring forward your proposal after the passing of the report and accounts. You take no exception to the accounts or the report?
i Mr. McConachic:-None whatever.
The Chairman:--Then after they are passed if you will ask me to take the sense of the meeting I will do so with pleasure. It will be purely informal.
Mr. McConachie:--Quite so.
The Chairman:If no gentleman has any question ask. I beg to propose :-
"That the Report and Accounts as presented be adopted and jassed,”
Mr. Douglas Jones-1 bave much pleasure in seconding the admirable report which we have before us, showing as it does a steady increase in what I may call the substantive business of the company. The large profits made through the sales of the property are extraneous profits, and as the Chairman has already warned us, must not be counted upon as recurring annually. That being so I think it is very wise to deal with those profits as the Directors propose, thereby strengthening the company and providing for a steady dividend and possibly an increasing one in the future, I was going to add--not being sure that Mr. that there had been some talk about capitati sing the Reserve Fund, and that I felt sure the Directors as guardians of the shareholders would be prepared to receive any proposition which could be proved or shown to be to the interest of the shareholders and to the general benefit of the company. (Hear, hear). I heartily congratulate the Managing Director, the Directors, the Secretary and, the staff of the Company fur the fine statement they have laid before us, and .I now beg to second the adoption of the report and accounts.
The resolution was carried unanimously. On the proposal of Mr. Stewart seconded by Mr. G. H. Cox, Messrs. N. A. Siebs and Lee Sing were re-elected directors.
Mr. C. Palmer proposed, and Mr. Peter seconded the appointment of Mr. E. Shellim as Director in place of Mr. D. Gubbay, resigned; was confirmed..
די.
Mr. McConachie am perfectly satisfied if the directors will call a meeting.
The Chairman/---In that case you will doubt- less address a letter to the Directors on the subject calling a meeting for a specific purpose.
Mc Ho Tung proposed a vote of thanks to the managing director, secretary and staff which was carried, and the meating terminateil.
LEGAL INTELLIGENCE.
SUPREME COURT.
18 ORIGINAL JURISDICTION,
(Before the Acting Chief Justice (the Hon, IV', M. Goodman) and a Special Jury.)
24th Jamiary.
ALLEGED LIKEL DY A CHINESE NEWSPAPER,
In this case U. Nervogna, of Wyndban Street, merchant, claimed from Wong.Shu Tong, of 14, Payn Central, as proprietor of the Tsun Wan Yai Po, and Ng-Sai Jung, of 39 Gough Street, as printer and publisher of the said newspaper, dainages for libel.
The following composed the jury-Messrs Orange (foreman), F. II. Goddard, D. W. Craddock, V. A. Caesar-Hawkins, Jolin Thur- burn, A. Turner, and E. Osborne. It was agreed that the jurors should be remunerated at the rate of $io a day each. Mr. Slade (in-
structed by Messrs. Mounsey and Brutton) appeared for the plaintiff, Mr. Robinson and Mr. Francis, Q.C. (instructed by Mr. Ewens), appeared for the defendants, Mr. Robinson for the first defendant and Mr. Francis for the second.
Mr. Slade read the pleadings in the case. Paragraph 3 of the petition said, "The Plaintiff on or about the 34th March, 1807, was appoint- ed Merchant Consul for Italy without salary for Hongkong, and in the beginning of July 1898, was further appointed merchant Consul for Italy without salary for the two provinces of Kwangtung and Kwangst, in the Empire of China" Paragraph 4 said,In the beginning. of August, 1898, the Plaintiff at his own request was relieved of his office of Consul for the said provinces of Kwangtung and Kwangsi, and was succeeded by Lientedant Ginda, and on or about the 6th June, 1899, was relieved of his office of ConsultorTiongkong and was succeeded. by Mr. E. Volpicelli, a member of the regular Italian interpreter service." Paragraph 5 mid, "During the time in which the Plaintiff was acting as italian consul as aforesaid the Plaintiff
carried on and still carries on his business as a
merchant dealing in coals and general merchan dise, and trading largely with Chinese customers in Canton and in Wuchow and other ports on the West River." Paragraph ó said, “ On them
9th day of June, the Defendants falsely and maliciously printed and published or caused to be printed and published of the Plaintiff, in respect to the Plaintiff in his. said business as a merchant, in the said newspaper called the Tsun War Vet Po, which has a wide circula- tion in Hongkong and Canton and adjacent ports and in the ports and districts adjacent to the West River, the following words in the Chinese language." Then followed the words complained of Paragraph 7 said, The fol lowing is a translation of the said words:
We learn that a certain merchant who has once acted as Italian Consul at Canton has in consequence of certain affairs been reprimand- ed and dismissed. Recently the said merchant has conspired with the Chinesa to work a certain coal mine, and relying on the protection of a foreign flag resisted and refused to pay... lekin. This the high authorities have found out from enquiries made, and decided to tho- roughly investigate the matter. It not known what may happen afterwards.
In certain areas there must be fluctuations aris-McConachie was going to speak on the subject, ing from various canses, and we have had an illustration of this recently consequent upon legislation affecting particular districts. Your Directors hope that you will approve the appropriation of these abnormal profits to an equalization of Dividend Fund in the manner proposed, and which seems likely to meet with the concurrence of shareholders at a dis- tance. Befare formally proposing that the Re- port and Accounts should be adopted, I will be glad to reply to any enquiries regarding them which any shareholder may wish to address me. Mr. McConachie said:-- am sure we have listened to the interesting speech delivered Ev our Chairman with much satisfaction and the figures which the directors have placed before us show in a most gratifying way that their labours during the past year have-met-with-much- success. It is very satisfactory to the shareholders to see the Company at last in a position to commence The appointment of Mr. D. M. Moses as a reserve fund out of cur camings, and to director in place of Mr. E. Shellim, who has have the position of the Company strength resigned, was confirmed on the proposition of ened by the placing to a reserve fund for Mr. R. C. Wilcox seconded by Mr. Denison. equalization of dividends the handsome..sum Mr. Arnold proposed, Mr. Joseph seconded, of $250,000, which is equal to $5 per share and, it was agreed, that Mr. F. Henderson and We all most earnestly hope that future years Mr. J. C, Pelor be re-elected auditors.
The said words were sunderstood by those may be similarly prosperous and that this is The Chairman-Before proceeding to con- to whom they were published, and mean that the only the first of many subsequent annual sider thus special resolution which Mr. McCo-Plaintiff in his business am us Italian Consul additions-to-this-m-useful-fund. While nachie has mentioned, I may announce that has been guilty of dishonours ble and dishonest on the matter of the accounts of this Com-dividend warrants will be ready to-morrow. practices, and has on account of such practices pany I would like to draw the attention of Perhaps Mr. McConachie will pow more his been dismissed in disgrace from his ofice of of them now taking the opportunity of formal, because this meeting.is not the board to the cininent advisability resolution, which we understand is purely in Consul; that the Plaintiff and the Chinese with Petent whom he had business relations had been guilty reducing, and if possible doing away with to deal with it.
of a conspiracy to defraud, and in fact defraud- catirely, the liability of shareholders for fur Mr. J. H. Cox-Probably the Articles of ing the revenue of the Imperial Chinese Gov ther calls upon their shares by adopting one Association state the manner in which a pro-ernment; that the high nuthorities of the pro- or ellier of the following courses-Either position to the Directors thall be made. It vinces of Kwangtung, and Kwangsi-menning FirstBy capitalizing the old reserve and should be in writing 1 think and
-found this out, and in consequence caused giving us fully paid up scrip for 575. per share, certain number of shareholder signed by a thereby the Viceroy of Canton and his ministers Second. By capitalizing the reserve and. The Chairman I understand it to be purely the Plaintiff to be dismissed from his office of calling up gradually the $25. outstanding on informal, and is to take the opinion of the Consul; that enquiries were still being pro- each share and completing the Capital of the meeting,
secured into the action of the Plaintiff and his Company to its authorized amount o£$5,000,000. Mr. Arnold-Can you give us the bench of Chinese associates; and that it was not yet It will be remembered by all those who are the views of the Board PA, A PA known what punishment, would be inflicted interested in the Company that the old reserve" The Chairman The Boards is really not
on the Chinese who should be found. {fund was not saved out of carnings but was, yet fully informed what the views of the gentle to have had business relations with the Plain- really a payment as premium on new shares men are on the subject which Mr. McConachie tiff, and the whole paragraph purports to shortly after the formation of the Conipany has referred to... If he likes it put it before us be and was understood by the readers thereof and that this sun may quite fairly be written in writing we will fully consider it. For that to be issued or inspired by the said high in as Capital. The shares were issued at a reason I am not prépared to say off-hand in re-authorities as a notice and as a warning to f-premium of-so per cent, which the. eamings of gard to it what the opinion of the Board is persons, intending to deal with the Plaintiff the Company during the last 11 years-of its Mr. McConachie1 hope there is no want that the Plaintiff and the persons dealing with existere hardly seems to have justified. I have
Sadow him had incurred their displeasure and dut ipoked into the matter of dividonde dintiilutad Ilu Chalamang-bum-papuad-də klidu the Plaintif had been in consequnce degraded. and find that they arountto-1889, 7 per cent. behalf of the Board that they are preppred to from his official rank at their instance; ibat- 1890, 97 per ceni: 1891, 8 per cent; 1893, 8. listen with a sympathetic ear
persons who had dealt with the Plaintiff haci per cent; 1893, 8 per tert: 1844, 8 per cent, Mr. McGomchicherth to propose sadzird diese vestible to punishment ; that- "That before the next general meeting of the the Plaintiff in consequence of bin degradation. 1895, 8 per cent; 1896; 8 per cent; 1897, 8 per 1898; 10 per cent; 1899, 13 per cent, on the Company the sum of $1,250,000 now standing was now a person of no account, and could no at the credit of reserve fund account be trans, longer obtain any protection from the Italian paid-up Capital $2,500,000, this gives an average of 8518 per cent; but on the actual ferred up capital account, and that new scrip be flag and that any person having business capital received from shareholders, viz issued at $75 per share fully paid-up in ex relations, with the Plaintiff would be liable to *$3,750,000 it only amounts to 37 per cent change for the present scrip of $100 with $to be suspected of illegal proceedings, and to.
of sympathy.