THE CHINESE ENGINEERING AND MINING COMPANY, LIMITED.
MEETING OF THE CHINA SHAREHOLDERS
AT "TIENTSIN-
(Condensed from the leking and Tientsin Times.)
A largely attended meeting of the 'Chian shareholders of this Company was held in the General Office, Tientsin, on the 28th ult. There were over eighty present, among them being
THE HONGKONG TELEGRAPH, WEDNESDAY, DECEMBER 10, 1902.
take action to remedy the grievances. Just afterwards a
THE METRIC SYSTEM. naw General Manager, Mr. Wynne, arrived with full power, it was under- The replies received by the committee of the stood, to come to an equitable settlement. Bengal Chamber of Commerce to their recent As a result of those negotiations it was reference to the members of the Chamber on understood that alterations of the articles the subject of the introduction of the metric of association were in contemplation. As system of weights and measures were not regarded the financial position the Chinese sufficiently numerous to justify the committee Boaid contended that the 625,000 allotted to making any representation to the Government the promoters was excessive, whereas the other of ladia on the subject.. A majority, however, side contended it could be justified. Whether of replies received were in favour of the adop it could or could not be justified was a question tion of a metric system, some of them at the beyond the power of that meeting to decide, same time deprecating any action being but they would say that such justification taken in the matter until the system had appeared to them impossible, and they intended to devote their energies to following up the committee have accordingly replied to the been legalized in the United Kingdom. The matter with fuli moral and, if necessary, with secretary of the Decimal Association that there fullegal weight. The issue as well as the ques would be no practical use in making efforts to tion of the debenture stock had best be left in have the system brought into force in India, the hands of the Committee which it was propepding its adoption in the United Kingdom, posed to form. To them might also be referred but that if the agitation now going on in regard the consideration as to whether the issue of
to the matter at home should result in legisla. bearer-warrants by. which the holders were
tion being undertaken and carried through by hampered as regarded voting power was a fair
the imperial government, there is little doubl compliance with the arrangement by which the interest of the Chinese shareholders was fixed
that this country would very soon fall into li e as the flow of trade would necessarily be at £375,000 in shares.
hampered by the fact of two different systems prevailing in the United Kingdom and in India. The movement at home has now the support of about 30 Members of Parliament,
dertaking as the Mining Company had hith's been hampered by under-capitalsation There was at that time a Mr. Hoover in Tientsin as reprefentate and adviser of Messrs. Bewick, Morcing and Co. He was consulted and undertook a mission to londen to accomplish the purpose in view. This was to form a Company of £1,000,000, out of which the Chinese scrip should rank as £375,033; of the balance of £625,000, £100,000 was to te. called up at once and the balance as develop ment made it necessary. Mr. Eames, the only lawyer in those parts at the time, drew up the Their Excellencies Chang Yen-mao,, Shep
legal document required and Mr. Hoover left Tun-ho, Yen Fu, M. T Liang, Bung Han- for London. He returned in January to report hsiang, Y. T. Woo, Kwang Jung-kwang, Chen that the Company had been duly formed and I-fo, Tsai Shao-chỉ, Yao Chien-tsai, Suen Ting- that .de Wouters, highly recommended as yang, J. 5. Chung; Messrs. Bielfield, Buchheis. the representative of Belgian financiers, had ter, Botsch, Binks, Cordles. Cockell, Chow, been associated ith him. A te egmm from the Detring, Denby, Dennis, Dugan, de Vos, Bank d'Outre-mer of Brussels stated the first in- Droste, Daney, Edle, Fisher, Gilmour, Heine-stalment of capital, viz. L1 or so, had been paid mann, Hey, 'ughes. lowell, Hutchinson, in. The main conditions being thus apparent von Hanniken, Jaques, James, Kingsley, Kent. ly complied with, transfer of the old company to Mackar, Maine, McKay, W. A. Morling, new was duly signed on 19th February, 1901. R. Morling. Mordhorst, McNeil, Morrison, With it was signed a deed setting forth the Oswald, Poulsen, Parquet; Perier, Reynolds, nationale and terms and co ditions of the Robertson, Southcolt, Sommer, Truman, transfer. It was verbally un 'erstood that Mr. Therre, A. II. Watts, and Wilkins.
Hoover would retire after the transfer, but he remained as assistant to Mr. de Wamer, who undertook the functions of Acting Manager. He (Mr. Hearing) noticed a disposition on their port to net on their own initiative, disre. garding the terms of transfer; he remonstrated and was frequently promised a financial state- ment showing how matters stood in London, but it did not appear." About June 1901, Mr. Francqui, appointed apparently from *Brussels, appeared, and promised a statement from Europe. In August and September come a large consignment of men; two of them were accountants from England; the remainder were engineers and mine employees from Bel-
Mr. Detring concluded by proposing on be- gium. These men were all sent out without half of H.E. Chang Yen-mao that the following any requisition from this end. There have gentlemen be appointed a Committee with been since that time far more men than-power to add two to their number to inquire- vacancies, and as a result of the influx conse- queat expense to
into the whole condition: H.E. Chang Yen- September came Mr. Dugan, engaged from ting, Tang Ki-tien, Messrs. Detring, Dudgeon, the company. Early in man, Shen Tung-hr, Chu Pao-san, Liang Man- America to be General Manager of the Com. J. M. Dickinson, Ede, von Hanneken, and Heyl. This p'oposal was carried without dissent.
On the motion of Messrs. Denby and Poul sen, Mr. Dering was asked to take the chair; and on the resolution of Messre, von Hanneken and Druste, Mr. W. 11. Smi & was appointed Secretary to the Meeting.
Mr. Derring bri- fly stated the purpose of the meeting and asked His Excellency Chang Yen-man to address the shareholders. By means of Director Yen Fe, Mr. Chang Yen- mao's remarks were vigorously rendered in excellent English. •
*
i
His Excelle-cy briefly referred to the events of 1900, when in view of politi al and military possibilities and an uncertain future, it was thoughradvisable to register the Company under British laws in order to protect the property of its shareholders and at the same time to open the Company's door for the influx of foreign capital, which was considered desirable and necessary for the development of the natural resources of the Empire. Unfortunately the agreements drawn ap in connexion with this transaction of far-pany. reaching consequence hd in only too many instances been disregarded and violated by one of the contracting parties, so much so, as to jeopardise the validity of those agreements. He wished it underston'i that that meeting ad hered unconditionally to the agreement of the 19th February, 1901, and its attachment; that their desire was to see that Deed, in justice upheld and respected and that they were prepared to meet those animated by a similar good will, with the firm intention and resolve that they should not suffer by the support they might give in upholding 'equity,'
}
Mr. Detring then addressed the meeting, After referring to the scanty information sup- plied by the Lordon Board, and the complaint that the conditions of the transfer bad not been carried out, he presented a brief historical sketch of be circumstances. Owing to the chaotic state of law and order in the summer of 1900 and the insecurity of rivate property of Chinese, H.E. (hang Yen-mao [Diicelor- General of the Kaiping Mines) had consulti d him (Mr. Dearing) as the best means of securing the property from aggression. After much consideration they decided the only course was to admit foreign capital and register the Company as an English Company. This registration could have been effected in a very short time in Hongkong, but they wished at the same time to secure foreign capital for the
1
SK for ASAHI JAPANESE BEER-
G. Girault,
ASK
SINGER
SEWING
Up to that time the management has been nominally conducted under the superinten- dence of the China Board, but now a crowd the slightest knowledge on the part of of employees came from Europe without
the China Board that they were coming. Messrs. loover and de Wouters, left for Europe and he (Mr Deiring) summoned a meeting of the heads of epartments and read Thigan was asked if he would ab de by those over the conditions of the deed of transfer: Mr. conditions, but was unable to assent for the reason that Mr. Francqui, exercising supreme powers for the board in Europe, Instructed him to render any action of a board of man- agement abortive. He (Mr. Detring) sent at once for Mr Franequi, who was in Shanghai and who came to Tientsi in November last. Two months before news had casually come to his (Mr. Derring's) notice of the debenture issue of £500,000 at 6; er cent. Those debentures, as was known, carried a bonus of £10,000 in shares standing at 70 to 10 per cent premium at the date of issue, so the reason of the issue was the apparent. Nothing satisfactory was gained from Mr. Francqui nor from Mr.Trovet, managing director from Brussels who came out just afterwards to try and arrange the points of difference, In July, therefore, be (Mfr. Detring) wrate to the solicitors of the Company warning them that he would wait no longer but would
MACHINES
IF YOU BUY A
SINGER
ASK for ASAHI JAPANESE BEER-
G. Gimull
:
Finally Mr. Detring gave instances of the failure of the attempt to innage the Company from Europe. Men arrived with agreemen's who had never been asked for; others were; found entirely unsuitable for their work. Works
were no sooner started thin plans were changed, In justice to Mr. Dugan, the late general manager, it should be said he was never given a fair charce. Almost immediately on arrival he was left face to face with an impossib'e posi- tion, and his difficulties wara further increased
by the fact that his subordinates had the private authority. support of influential friends in disregarding his
Mr. von Hanneken and Dr. Robertson also
addressed the meeting; the latter, seconded by Mr. A. W, Morting, moved :- Resolved that the Shareholder's in the Chinese Engineering
this meeting are strongly af opinion that th and Mining Company Limited represented_at
success of the enterprise demands strict obser vance of the terms of the deed of transfer of
tached, particularly as regards the manage. 19th February, 190, with memorandum at
ment of the Company's property by a China. Board.
"That the attempt administer the Com pany from Europe as at present, is at variance with the Company's solemn obligations and does not warrant the confidence of the shareholders in the Directors,
"That the shareholders of the Company nominated by ILE. Chang Yen-mao on behalf present accept and confim the Committee of the shareholders in the nld Company, and entrust it with the management of the affairs of the Company, to be assumed at such time and under s ch circumstances as, may be. deemed prudent in the interests of the sharg bolders.
of the shareholders at this Meeting, be entrust
That the Committee, having the confidence ed with the negotiations necessary to bring about a just observance of the terms of the deed and memorandum of 19th Feb., 1951, and to secure a satisfactory settlement with the Directors in London of all unsettled questions regarding finance and management.” AKS for ASAHI JAPANESE BEER.-
MEMORY
SINGER
SIMPLE.
Intimations.
GREEN ISLAND CEMENT COMPANY LIMITED.
→PORTLAND CEMENT,
In Casks of 375 Ds. Net 160) per, Cask ex
Factory. In Bacs of 250 Bs. Net 83.75 per Bag.ex Factory SHEWAN, TOMES & CO...
General Managers. Hongkong. 3rd December. 1002
WORTH A GUINEA A BOX
BEECHAM'S
PILLS
FOR ALL
110
HILIOUS AND NERVOUS DISORDERS SUCH AS
SICK HEADACHE, CONSTIPATION, WEAK STOMACH,
IMPAIRED DIGESTION,
DISORDERED liver,
AND FEMALE AILMENTS -Annual-Sale-SIX MILLION BOXES.
50 Cents per Box
Prepared only by the Proprietor :-- THOMAS BEECHAM. St. Helens, England. -
SOLE AGENTS for HONGKONG and the EMPIRE of CHINA
WATKINS, LIMITED. APOTHECARIES' HALL, 66, Queen's Road
Pancial Hanobang
f1
TSU FAN,
DENTIST...
*PRICE MODERATE-CONSULTATION FREE Next to the Hongkong Dispensary, 50, Queen's Road, Central. Hongking, 28th November, 1902. F1299!
LEE LOONG.
DEALER IN Furniture, Backwood.. Plated Glass, Crookery Ware, Brass and Iron. Bedsteads and Rattan Sofas for whole set.
JUST ARRIVED.. "No, I &3, D'Aguilar Street. Behind Hongkong Dispensary Hongkong, isi” May, 1902.
POINTS ABOUT -
SEWING
STRONG.
[496d
MACHINES.
SILENT,
SOLD ON INSTALMENTS AND FOR CASH.
WE make but one grade of product, admitted to be the best; hence attempts at imitation.
SPEEDY.
WE deal directly with the people, through our own employees all over the world, selling 1,000,000 Machines
annually,
YOU get an up-to-date Machine, built on honour, to wear a life-time. YOU get it for the Lowest Price at which such a machine can be furnished. YOU will receive careful instruction from a compétent teacher at your home. YOU can obtain necessary accessories direct. from the Company's offices."
YOU will get prompt attention in any part of the world; our offices are everywhere, and we give careful attention to all customers, no
matter where their machines may have been purchased. YOU will be dealing with the leading sewing machine manufacturers in the world, baying an unequalled expresence and an unrivalled
reputation to maintain the strongest guarantee of excellence and fair dealing
THE SINGER
979d
MANUFACTURING COMPANY,
GENERAL OFFICE FOR CHINA:
18, BANK BUILDINGS, CORNER QUEEN'S ROAD AND WYNDHAM STREET, HONGKONG. BRANCHES IN EVERY CITY IN THE WORLD AND AGENTS IN EVERY TOWN. RETAIL OFFICES: 3A, WYNDHAM STREET, HONGKONG.
64, ELGIN ROAD, KOWLOON.
tails. NIPPON YUSEN KAISHA.
(THE JAPAN MAIL STEAMSHIP COMPANY.)
3
PROJECTED SAILINGS FROM HONGKONG-SUBJECT TO ALTERATION.
STEAMERS. KANAGAWA MARU
J. MacKenzie TAMBA MARU,
JW. Wale.... KINSHU MARŲ*
-F, L. Pyae.... SADO MARU
S. J. G. Parsons. YAWATA MARU...... A. E. Moses
SHINANO MARU*.
Kumano Maru
'M. J. Curnow.
E. W. Haswell SANUKI MARU .....
W. Townsend
BOMBAY MARU........
- DESTINATIONS,
(MARSEILLES, LONDON & ANT)
SAILING DATES,
SATURDAY, 13th Dec, at
Daylight.
TUESDAY, 16th Dec, at
Daylight.
TUESDAY, 16th Dec, at
4 P.M.
WERP, VIA SINGAPORE, PENANG, COLOMBO and PORT SAID...... NAGASAKI, KOBE and YOKO
HAMA VICTORIA, BC. and SEATTLE USA, VIA SHANGHAI, MOJI, KOBE and YOKOHAMA `.................. MARSEILLES, LONDON & ANT
WERP, VIA SINGAPORE, PENANG, COLOMBO and PORT SAID (NAGASAKI, KOBE and YOKO«Į SATURDAY, 27th Dec,
HAMA
Noon. VICTORIA, B.C., and SEATTLE, TUESDAY, 30th Dec., at
U.S.A., VIA SHANGHAI, NAGASAKI,
MOJI, KORE and YOKOHAMA -
SATURDAY, 27th Dec, at
Daylight.
4 P.11
(SYDNEY and VELBOURNE, VIA).THURSDAY, 1st January, at
THURSDAY ISLAND, TOWNSVILLE
4 P.M.
and BRISBANE
KOBE and YOKOHAMA
FRIDAY, 2nd January, at
Daylight.
Noon.
BOMBAY, VIA SINGAPORE and FRIDAY, 2nd an, at
COLOMBO
Through Passenger Tickets used for the Principal Cities in the United States, Canada and Eumpe, in connection with the GREAT NORTHERN RAILWAY and Atlantic Steamers. Round-the-World Tickets also issued. Between Moji and Kobe, 1st and 2nd Class Through, Passengers have the Option of Travelling by the Sanyo Railway.
For further Information as to Freight, Passage, Sailings, &c., apply at the Company's: Local Branch Office in Prince's Building, 19 Floor, Chater Road.
Hongkang, 6th December, 1902. COMPAGNIE DES MESSAGERIES MARITIMES.
FAQUEBOTS-POSTE FRANCAIS.
NOTICE.
STEAM FOR
SAIGON, SINGAPORE, BATAVIA,' COLOMBO, PONDICHERRY, MADRAS, CALCUTTA, DITBOUTI, EGYPT, MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON, HAVRE, BORDEAUX; PORTS or BRAZIL AND RIVER PLATE.
ALSO
NMONDAY, the 15th, December, 1902, Paaf, the Company's Steamship "INDUS," Captain Duchateau, with Mails, Passengers, Specic and Cargo, will leave this Part for MARSEILLES, via Ports of Cail, WITHOUT TRANSHIPMENT.
Cargn and Specie will be registered for Lo don as well as for Marseilles, and accepted in transit through Marseilles for the principal places of Europe
Shipping Order will be granted till Norn Cargo will be received on board until 4 PM Specie and Parcels until 3.P... on the 14th instant. (Parcels are not to be sent on board; they must be left at the Agency's Office.) Con tenis and Value nf Packages are required.
For further l'anticulars, apply at the Cain pany's Office.
G. DE CHAMPEAUX,
The Agent Hongkong, and December, 1902. [100.jc NORTHERN PACIFIC STEAMSHIP
COMPANY.
BOSTON STEAMSHIP COMPANY.
BOSTON TOW-BOAT COMPANY,
PROPOSED SAILINGS FROM HONGKONG,
VIA MANUA SHANGHAI, INLAND SEA OF JAPAN, KOBE AND YOKOHAMA, FOR VICTORIA, B.C., AND TACOMA, IN CONNECTION WITH
NORTHERN PACIFIC RAILWAY
COMPANY,
Steamers.
Captains. Tons. 12.03.
Tacona JA. Dixon
2,811 Dec. 17
Tremont. Victoria
9606 Dec. 3
Panton
3.502 Inn. 3
Steamers marked (*) have no passenger accommodation."
The attention of passengers is directed to the very cheap rates offered by this line to the Pacific Coast and to the Interior and Eastern' Cities of the United States and to Europe.
Special rates allowed to members of Govern ment Services.
Through Bills of Lading issued to Parinc Coast Points and to the Principal Cities in the United States and Canada.
A. S.. NIHARA,
ORIENTAL
Manager,
STEAM
COMPY
THE PENINSULAR AND ORIENTAL: STEAM NAVIGATION COMPANY,
STEAM FOR... TRAITS, CEYLON, AUSTRALIA, INDIA, ADEN, EGYPT, MEDITERRANEAN FORTS, PLYMOUTH AND
LONDON..
Through Bills of Lading issued for BATAVIA, PERSIAN GULF, CONTINENTA), ÂMERI- CAN and SOUTH AFRICAN PORTS.)
TE Steamship
"BENGAL," Captain A. L. Valentini, carrying His Majesty's Mails, will be despatched from this-for BOMBAY, on SATURDAY, the zoth instant, at Neop, taking. Passengers and Cargo for the above Ports,
Silk and Valuables, all Cargo for France, and Tes for London (under arrangement) will be transkripped at Columbo. into a steamer proceeding dirers to Marseilles and Landeny uther Cargo for London, &c., will be conveyed vid Bombay with Transhipment
Parcels will be received at this Office until 4 P.M. the day before sailing. The Contents and Value of all Packages are required.
the terms and conditions of the Company's Shippers are particularly requested to nute
Bills of Lading.
For further Particular, apply to
E A HEWETT,
Superintendent, Hnngkong 6th December, 1
To be Let.
TO LET
14
"WO SPACIOUS GODOWNS-Nos. „95
TWO
and 96; PRAVA EAST.
TWO ROOMS above NEW VICTORIA
HOTEL
Apply to→→
H. N. MODY,
Victoria Buildings
Hongkong, 4th December, 1907. (1318d
ΤΟ LET.
THE RETREAT," MOUNT Kellett, HOUSES at CAUSEWAY BAY, facing the
Polo Ground
No. 1, RIPON TERRACE. GODOWNS at BOWRINGTON, Praya East. Apply to
THE HONGKONG LAND INVEST. MENT & AGENCY CO., LD. Hongkong, 29th November, rona
For further Information as to Freight or No
TO LET
04. KNUTSFORD TERRACE-Kow-
LOON.
Passage, apply to
DODWELL, & CO., LIMITED, Apply to:
General Agents. ́Hongkong, 24th November, 1902,.. B741
For Nervous
THE HONGKONG. LAND INVEST.
MENT & AGENCY CO., LD. ~. Hoogkong, 21st Novembar, 1902 [1261d
TO LET,
Exhaustion SHOUSES in LEIGH ON HILL ROAD,
CHAFOTEAUT'S
Phosphoglycerate
OP LIME
" Thì matin Fl
of the narodne system, a For brakuworkari, professio» nal men,"teachers, students, ass, and in dahility; séminal Bosari, dyspepsia of parvona
origin and Insomnia
It is readly assimilated and prometes dicasion.
PHOSPHOOLYCERATE: SYRUP.
CHAPOTEAU PHOSPHOOLYCERATE WINE
CAPSULES
PHOSPHO
EAUTY
1-FRANGE:
EVERAL NEWLY BUILT EUROPEAN Apply to
THE HONGKONG & KOWLOON LAND & LOAN CO, LD,
No: 8, Queen's Road West,
Hanyang, 20th October, long
TO LET
FEIRION No. 2, the Peak, -6-Koom, IM House near the Flagstaff; from 15th October, 1902.
Apply to
JONES HUGHES, Hongkong, 7th October, 1902
frogga
→→ Insurance. NORTH GERMAN FIRE INSURANCE COMPANY OF HAMBURG
THE Undersigned AGENTS of the above
Company are prepared to accept Fire Class FOREIGN and CHINESE RISKS st CURRENT RATER, SA
M RIEMSSEN & CA
Hlunkong, 38th May,