176
As far as can be teen from present develop. ment, where there is ore in the west lode there is also a paralled sheet in the ea 1, but above the too foot fevol this ore can not be mixed as the main shaft runs through it, and would be andangered thereby,
Al to treatment of the ore, this is a subject with which it is at presenilimpossible to deal. I think that we will be able to concentrate and cyanide, but in some of the best of the are now coming to hand ibere is so much copper that syaniding would be difficult and bealdes will not save the copper, which is likely to be of some importance, if the same class of ore continues.
Mill-Unless exceptionnally good develop. ments occur in ore boots No. 1 at the 200 foot level it will not be possible la, start the the mill under 7 or 8 months with any hope of keeping it going. It will be necessary to open enough are by the zoo foot level to keep or go. Ing until ore can be drawn hom the 300 foot
The are found at the soo foot level together with what we have good reaton to expect at the 200 foot would keep the mill going on good paying ore for about 3 months allowing a duty of 3 tons per stamp per day. By keeping the main shati going down and starting w 122 from the 100 foot level as soon as possible it will be just about possible to start the mill as soon as the 200 foot level is ran out to the
end of Nu a shoot. If the ore body proves to be anything like what is shewn by the blua colouration on section all anxiety as to keeping the mill running would vanish at once. No. 3 shoot is also due as shown on plan but at pro- sent I know nothing about its value,
To sum up the situation in as few words as possible, I would say that it is decidedly hope ful. We are by no means out of woods yet but 1 think that our present shewing gives ample reason for anticipating that we soon will be in that desirable position. The zoo foot level will shew as a lot and we can almost certainly count on sufficient ore to pay expenses of doing the work in that we can wait without much fear of loss for the completion of this work and reason. ably hope that it will give us all we require."
12
The Chairman said it would be impossible to have the mill running for seven or eight months, and thought the shareholders would agree with him that it would be great folly to get a staff of men from home until the mill could be worked to its full capacity. Nothing sensational had happened in the development of the mine, ex. cept that one thin rich streak had shown itself, and then disappeared, and spread itself out over a considerable distance. (A large piece of the ore, from this vein, richly streaked, was here exhibited to the shareholders). Kelerring to the value of the ore in the, mines; the Chair- man said that the highest amount realized in the first fest was seven pennyweights per ton, and the lowest, a half pennyweight per ion. But in the next division between the one hundred and two hundred foot level, the value had ranged from the fraction of a penny- weight to as high as fourteen pennyweights per ton. Ore that realized below 2.98 per ton was not worked, and only paying qre was put through the mill. In conclusion, the Chair- man said that from a careful study of the development of the mines, they had every hope expret gond results in the future, and if they atoud and pushed ingother, the share- holders would be amply rewarded. The directors hoped to have something gand to report the shareholders early in the follow
|
To New Dock:
THE HONGKONG TELEGRAPH, SATURDAY, JUNE 24 1905.
New Dock," property with buildings,ballemi, pumpé, shear lags, etc., 48m. 4o 01. áb.
671,488.00
› Engine WorKI, POOTUNG 1/ property with buildings, shear legs, and railway, 54m 31,11.8h. 365,014,00 SUNDRIES:
1
Machinery, and tools at five docks and engine works.....1,100,587.60
B. Sami 3small steamers, launches, pile driven, pon. toons, steam dredgers, shear legs, dock plant, office and drawing office material and furniture
Sick of material on hand, and 354,412.40
unfinished work less liabilitles.x, Sundry debtor....
Shares in public companies.... Monay lent on mortgages, properly secured cash in Hongkong end]Shang- bai Banking Corporation Cash in hand...
LIABILITIES.
pany for Ita promoters who in turn are depending on buying off the old company. attueir own price➡a price for many reasons much more advantageous to them than to us. If I am considered wrong la this, and wrong in my estimate of the old company's ability to continue to stand alone, let the shareholders who think otherwise and are advocating this scheme put their shares on the market at $100 per share (the price they want to force the minority to accept) and see how soon they will, be suap ped up by the public, and how soon the price will return to. Its legitimate market value of $30 or over par share the moment it becomes' known that this scheme to curb its earning
power har been knocked on the head (ap. plause). The foregoing, gentlemen, are my 0,324-28 | reasons for opposing the scheme, and I still 452,311.79 contend that resolution No. 1, even if declared 18,637.79 carried, does not constitute a "voluntary" dis. solution and winding up of the old company 142,442.39 until the astont of every shareholder has been obtained, and although we may again be out. 329,873.43 voted to-day, I am glad to have received so 4.573.83 many assurances from the public as to the justgess and reasonableness of my claim, and Tle. 7,435.032.56 good wishes for success in my efforts. In con clusion, in case I may be wrong la detall in some of my foregoing remarks, I should like the general managers to put me right by answering the following qusitions:-
1909. April 30th. By shareholders for $5,200 shares.
Tis.
of Tls, too fully paid up.......................5,520,000.00 Hreserve fund
****** 900,000.00
uncollected dividends
R
sundry creditors....
13
balance from profit and loss ac-
count ......
6,447.00 452,001.31 576,524 34
Tis. 7,455,033.56
E, &, E. Shanghai, 5th June, 1905, JAS. H. USBORNE,
Secretary,
R. TWENTYHAN,
JOHN PRENTICE,
H. V. RUCKER,
>Directors,
S. GROUNDWATER, DAVID CRANSTON, We hereby certify that we have compared the foregoing accounts with the general ledger, the cash book, the bank pass books, and other vouchers, and have found them in conformity, The stock accounts have also been found in accord with detailed subsidiary books exhibit ed, and the securities examined and found in order,
GEO. D. ScoгT,
J. D. THORBURN, Shanghai, 5th June, 1905.
Auditora.
THE PEAK TRAMWAYS.
THE AMALGAMATION SCHEMR.
ME. BROWN TRUKS INFORMATION,
20th inst.' Another largely attended meeting of share- holders in the Hongkong High-Level Tram- ways.Co., Ltd., was held this afternoon at the offices of the company, Alexandra Buildings, when the resolutions passed at an extraordinary general meeting of the Company were confirmed as special resolutions Mr. Henry Humphreys presided, and there were also present the Hon,
EMBARRASSING QUESTIONS.
The first question is: Who comprises the syndicate promoting the new company?
The Chairman There is no syndicate. The new company has yet to be formed.
Mr. Brown-I know that,
The Chairman-There is no syndicate. Mr. Browa-Who comprises the present syndicate promoting the new company?
The Chairman-There la'no syndicate. Mr. Brown-Who are the genitemen moving in thla? Who are the syndicate promoting the new company? Who are the gentlemen who comprise the syndicate promoting the new company?
The Chairman-The new company is not
formed.
Mr. Brown-I know that. That is not an answer to my question. Who are the gentle- men comprising the syndicate promoting the new company?
The Chairman-If there is no syndicate there can be no gentlemen promoting the new cam- pany.
Mr. Brown-Do you consider that an an- swer lo my question?
The Chairman-1 dui
Mr. Brown, Nobody is moving in the mat- ter then?
The Chairman.—Yes,
Mr. Brown.Who is moving in the matter? The Chairman-1 am moving. Mr. Brown. You are moving. Are you, the syndicate moving in the matter?
The Chairman,—Yes."
Mr. Brown.-Are there any other connected with them; any other gentlemen outside of the old company?
**The Chairman.—No, anyone may take shares in the now company and be interested in indu
Mr. Brown—I am not talking about probable investors, but about people interested with you in the present promotion of the new scheme Who are the other gentlemen?
The Chairman, All the shareholders who pass these resolutions; that is all.
Mr. Brown. Are there any more? The Chairman.—No more. Mr. Brown. What connection, if any, has Meurs. Benjamin, Kelly and Potts with the deal, or how much are they, or the Chins Commercial Company going to receive for underwriting?
The Chairman.-1 have already maid that Mesure, Benjamin, Kelly and Forts are acting as brokers.
Mr. Brown. -For the corporation of gentle men forming the new company?
The Chairman-For the old company. Mr. Brown. It is not for the old company :| they cannot act until it is dissolved IHA company of gentlemen, a syndicate of pro- motors. That is what it is
The Chairman.Mr. Kadoorie was em ployed as a broker to obtain the concession, That he has done, and for that he will be paid $10,000. There will be no other money paid whatsoever. Mr. Findlay Smith will be paid $23,000,
...
Mr. Brown.-Where is that money to come from to way Mr. Kadoorie for underwriting this
*scheme?·
The Chairman-There is no question of underwriting.
Mr. Brown. For floating it.
The Chairman-There is no question of floating it?
Mr. Brown.-There must be.
The Chairman-He has bought for us a concession which we instructed him to buy.
Mr. Brown. Not as a company. You can- not act as a company until you dissolve, and commence as new concern. There is a syndicate-a company of promoters.
Mr. Orange. I have no knowledge of it. The Chairman-We have power under the articles of association to float a new company, Mr. Brown. You claim you have power? The Chairman.-We have.
Mr. Brown. To become a part of a promot. ing syndicate to dispose of the old company by the now charter and form a new company?
The Chairman.-Exactly.
Mr. Brown-Exactly. Right.
The Chairman.-There being no other ques tions I move that the following resolution be confirmed:That it is desirable that the Company may be dissolved and that it be wound up voluntarily,"
Mr.Amold seconded.
Carried. Capt. Goddard, and Mesare, Came ron and Brown were the only dissentients,
Mr. Murray Bain proposed the confirmation of the resolution. "That the General Managers
The Chairman.-And the Consulting Com mittee will be interested in the new company and the majority of the consulting committee will be on the committed on the new company.
Mr. Brown. Are they the syndicate or probe and they are hereby appointed Liquidators.'
moters?
The Chairman.-There is no syndicato. Mr. Brown-Are they the promoters of this scheme?
Carried, the three gentlemen named above voting against the proposition.
Mr. White proposed the confirmation of the following resolution, "That the Liquidators be and they are hereby authorised to consent to the registration of a New Company to be named the "Peak Tramways Company, Association which have been prepared with the approval of the Consulting Committee of the Company."
rather, I should say, have given us a fresh con cession on terms which are undoubtedly more. favourable to them, but which will enable us to continue extending in every direction and which will also secure us the lighting of the Yemons of H. the Viceroy, the Tatlar, | General, the Governor of Canton and other official residences. You will, thus perceive that we have a large work before an at Canton and that there is every ladica tion of our belog busily employed for long time to come in further extensions before the supply overtakes the demand. As some Indication of how our business has increased at Canton I may tell you that whereas our profit there in January 1904 was $1,200 it was over $5,000 in January 1905 and had risen to over 14,000 in February, the last month in our Alman cial year and is still increasing every month, There is therefore very little room loft for doubt as to our future prospects or as to what the company can do, but the means to do it are radically deficient. To keep itself going the company has had to borrow | right and loft, and naturally has had to pay dearly for its loans. You have only to look at the profit and loss account to see whats hole in our profits interest to the Bank and other creditors makes. To pay off its loans and over-drafts requiret a to-3 laks, so to put the company on its feet we propose to raise $200,000 more capital, and an extraordinary meeting will be held after this meeting is over to give the company power to obtain this ad- ditional capital. The pow shares will of course be offered to shareholders in proportion to their holdinga and failing their acceptance will be disposed of by the general managers in the best way they can. If any shareholder has any questions to ask I shall be pleased to answar them to the best of my ability.
THE SINKING OF THE WST KILDAA
THE BOATSWAIN'S STORY.
The Chiness 'crew of the hunkan British
steamer 51 Kilda warest the Shipping Office this morning (15th inst) and a representative of the Singapore Free Press had an interview with y the Chiness bo'sun who speaks good Englishin The bogan, thong Ah Chow, stated that he signed artlein Onkard the St Kilda at Honga kong on the ant to proceed to: Japa and thence to lay European ports and back to. Hongkong, the original port of departure, the voyage not to exceed one year. JavaMAND
The ship left Hongkong bound for Kobe at 10 am. on the 4th instant and at 4 jo pm, on the same day sighted a Russian cruiser which signalled the ship to stop: The captain of the Si Kilda at once did so, and the cralsar sent
IWO ARMED BOATS, INDI Ten Russian railors, armed with rifer and bayonets coming, aboard under two officers. Guards were placed over the hatches and st the engine-room, and one of the Russian off- cers then demanded to see the ship's papers. He perused these carefully and ordered: the hatches to be removed. - 'He then went into the holds and examined the cargo.de
Coming on deck again the two officers had a consultation, and the Captain of the St. Kilda was ordered to get into one of the Russian boats and accompany the senior officer to the Rosslan cruiser, the other officer and his boat's 'crew being left in charge of the Si. Kilda, After an hour's delay three boats put off from taip of the St. Kilda, who on ordem from the the cruiser bringing back with them the Cap
"Russians, told the crew to collect their effects in readiness to go aboard the 'Ruslan ship This was done under sapervision of the Rus- Mr. Fung Wa Chun proposed, Mr. Cordeirosians who repeatedly sigcalled to the crew to seconded, and it was agreed that the Hon. Sir hurry up and.
Thera being no questions, The Chairman proposed that the report and accounts as presented be adopted and passed.
Mr. White seconded, Carried.
Paul Chater, Dr. }, W. Noble, and Mr. H. P. White be re-elected to the Consulting Com mittee.
On the proposition of Dr. Noble, seconded by Mr. Marston, Meters, W, H. Potts and A O'D. Gourdia were re-elected auditor.
INCREASE OF CAPITAL.
was then held for the purpose of considering a An extraordinary meeting of the shareholders
proposal to increase the capital of the company, The Chairman (Hon. Mr. R. Shewan) pro increased to $500,000 by the creation of 20,000 posed, "That the capital of the company be new shares of $10.00 each."
The Hon, Sir Paul Chater seconded. Carried.
The Chairman. That is all the business, gentlemen.
TRADE WITH THE EAST.
|
LEAVE THE SHIP.
They were ordered to get into the boats Russians then put their own crew aboard the which took them aboard the Dnieper. The St Kilda and got her under way with great haste, both vessels steaming southwards at the highest speed the St. Kilda could be driven at":
Next morning at 9,30 o'clock both ships stopped, and Captain Skalsky, of the Russian, went on board the 51. Kilda and made a returned from her bringing off every one, dad thorough examination of her. The boats then
the boun noticed that
ALL THE LIVE STOCK
with the vegetables and a quantity of tinned provisions had been brought away, as well as a bag of rice which the Russians sealed and marked as soon as it was got on board the Dnieper.
Then the Dnieper stearned away from the REPORTS FROM THE COMMERCIAL AGENT, . | ȘI. Kilda to what the bosun described a about five hundred yards distance and opened fire with her guns. The first shot, flew right" over the St Kilda and burst in the sea at long way off. The next shots, however, flaw trus and the St. Kilda was soon enveloped in. splinters, After half-a-dozen shots it was seen a mass of smoke, fragments of shell and flying
that the colton in her forehold had been set on fire and
The Minister for Agriculture has received a report from Mr. Suitor, Commercial Agent for New South Wales in the East, in which he makes the following remarks relative to the demand for vegetables existing at present at
ing year, when they would start crushing Mr. C. W. Dickson and Merers. 1. Orang .could not be so far advanced as to bring it | Limited," with a Memorandum and Articles of Manila, Philippine islands →→
again. (Applause.)
There were no questions and the Chairman stated that out of the 17,000 shares, only 2,500
had not been inken up.
The meeting then terminated.
3. C. FARNHAM, BOYD & CO.,
LIMITED.
(consulting committee), J. A. Jupp, T. shank, 1. E. Joseph, G. H. Potts, G. M. Bain, Hough, T. Arnold, E. Bowdler, W. Cruick- H. P. White, P. C. Potts, Ho Fook, D. E. Clark, A Cameron, D. E. Brown, J. L. Cotter, Lau Chu Pak, J. M. Wong, Capt. Goddard, J. John Mone, P. S. Jameson, Sin Tak Fan, A. Morley, E. A. Ram, El. J. Gedge, C. B. Buyers, J. A Tarrant and F. S. Forrest.
Mr. Jupp having read the notice convening
the meeting,
- The Chairman said :—Gentlemen, this meet-
The report of the board of directors for presentation at the fifth annual general meeting ing to be held at the head office, 26 Broad- way, Shanghai, on the 23rd inst., reads:-
Gentleman, The directors have pleasure in submitting to you their report, with statement of accounts made up to the 3ath April last, which they trust will prove satisfactory to you. The net profits, including the amount brought forward from last year, and after pay ing all charges and allowing for all known liabilities, amount to Tis, 852,524.24
has been called to confirm the resolutionE which were passed at an extraordinary general meeting of this company held on the 3rd of this month." Before putting these resolutions for confirmation I shall be pleased to answer any questions which shareholders may wish to ask
MR. BROWN'S OBJECTIONS. Mr. Brown, who rose amid some applause, said:-Mr. Chairman and gentlemen, before the resolutions are put to the meeting I would After allowing for an interim dividend of like to make a few remarks to begin with to be per cent on 55,200 shares paid in January this followed by a few questions which I would like the general managers to answer. Since the year which absorbed Tis. 376,000, there remaine for distribution the sum of Tis. $75,351.744-meeting--the 3rd instant a number of With this amount the directors propose to deal
letters including two from myself and one in
as follows:-
·
Ti
A fiual dividend of Th. 8 share......441,600.co Add to reserve fund 100,000.00 Amount to be carried lonew account... 34,924.24
TH.............
.....576,524.24 In accordance with 98 of the memorandum and articles of association, one of the directors, Mr. S. Groundwater, retires, but, being eligible, offers himself for re-election.
The accounts have been audited by Meas Geo. L. Scott and J. D. Thorburn, who retire, bat, being eligible, offer themselves for re- election.
PROFIT AND LOSS ACCOUNT. 1905. January 6th,
To's per cent. interim dividend
on $5,200 shares...
1905. April 30th,
To balance....
1904. May 1st.
Tis.
By balance carried forward....... 48,153.18
1905. April 30th. By transfer from working account. 804.371.06 Tls...833,524.24
The Chairman,There are no promoters at present.
Mr. Brown. There must be, or the scheme
before an extraordinary general meeting of this company. I simply asked you who are the gentlemen anked you to inform the share holders who are the gentlemen who comprise the syndicate that is promoting the new com- pany and the purchase of the old company for $250,000, and the purchase of the Findlay
Smith concession.
consulting committee of the present company The Chairman. The reseral managers and are, practically, and also the shareholders who
...are in favour of the resolutions.
་ ་
Mr. Brown. They are the syndicate who are promoting the new company?
The Chairman. There is no syndicate. Mr. Brown-Do I understand that?
The Chairman. There is no syndicate.' Mr. Brown.-A body of gentlemen then. There is somebody; you must call yourselves somebody. What are you?
The Chairman.¡ consider I have answered your question.
Mr. Brown. You consider you have. The Chairman.—Yes,
Mr. Brown. Alright. If that is your answer.
Who carried on the negotiations with Mr. Findlay Smith, or his agent, and who appears as the purchaser of his concession? broker.
The Chairman.Mr. Kadoorie acting a■
Mr. Brown. As a brokes for whom?
Mr. Lau Chu Pak seconded, and Capt. God. dard, and Messrs. Cameron and frown again voted against it.
The motion was confirmed.
Mr. G. H. Potts proposed the confirmation tore be empowered to sell to the "Peak Tram of the following resolution. "That the Liquida ways Company, Limited," the undertaking of this Company at the price of $200 per share either in cash or shares of the 'Peak Tram ways Company, Limited, at the option of shareholders of this Company and to into all necessary agreements to that effect."
Mr. Tarrant seconded.
The motion was carried with the three die. senlienta.
The Chairman-That is all the business, gentlemen. Thank you..
CHINA LIGHT AND POWER COMPANY, LD.
A MARKED IMPROVEMENT.
and a vad hand
zrst inst. The fourth ordinary general meeting of shareholders in the above company was bald The Chairman.For the old company and at the offices of the general managers, St. also the now,
Mr. Brown. For the old company? The Chairman.-For the old company. Mr. Brawo. is the syndicale confined at present to the gentlemen named in the "China Mall" about a month ago as the probable future consalting committee and general the promoters of the new company? managers? Are those the gentlemen who are
The Chairman.--No.
Mr. Brown. They are not?
The Chairman. It depends on what you call promoters. There can be no promoters until the company is promoted. It has not been promoted yet.
The Chairman-I think the question has already been answered by a previous question. Mr. Brown-1 don't think it has been an wered by a previous question.
reply to my first from the general managers have appeared in the public press. Those let tera peak for themselves, and although the general managers, in their reply, attempted to prove me wrong, they utterly failed to do so in a single instance in connection with any state ment made. They tried to justify their advocacy of the present scheme, by simply accusing mo of inaccuracy based upon in right to protect my own interests as a share sufficient knowledge," and questioning my
that I am not as old a shareholder as some holder in the present Company for the reason. who are going to benefit financially much more than others in what is termed "a reconstruction of the company," but which I call and have called from the beginning, an unwarranted and unjustified sacrifice of one of the best paying properties in the Colony, at about half its value, 176,000.00 to a syndicate or company of outsiders whose
money, is not at all likely to be put into the Mr. Brown-They can be promoted at the 576,524.34 construction of an opposition line, unless they same time.
can buy us out at a price that will not only en The Chairman-I think the question has Tlu...85,524.24
able them to paint up their prospectus, been answered already. but will be the one factor in enabling them Mr. Brown--Are there the gentleman who Tit
la promise investors any return on their money are promoting this scheme or who are interest
Does it looked in are they the gentlemes named in the before three years at least, reasonable to you, gentlemen, that $250,000 is China Mail' about a month ago as the pro- all that our present tramway line is worth as bable future consulting committee or general a going concern, earning as it has in the past managers? net profits of over 40% and capable, as fi certainly will be, of earning in the next three years further net profits of $50,000 per year on a capital of only $115,000! It is to my mind, gentlemen, a much better asset at $100,000 than Investors will And the new line, which is going to cast that much to build. The gener al managers are using every effort, for reasons known to themselves, to make it appear that the contemplated opposition of the projected new line warrants a dissolution of the com pany and this sacrifice sate. Here I take sue with them and can only say, that it la probably a good thing that a bit of new blood bas become lnterested in the old com 71. 61. 4h...... 110,850.00 pany, when what is claimed to be 75% of the old blood is willing to desert the ship, and hand it over practically as salvago jo a new concern who for the next three years can only threaten, and who even then will not be able to injure us as much as this sacrifice scheme, which is characterised in some quar- ters in language not at all complimentary to the promoters use the word "promoter" 4 I understand the new company is not yet | formed. I also understand (though the general manager have not up to the present volanieered say details to shareholders) that the purchaser (when the purchase is put through) of the "Findlay Smith Concession $80,000.00 is not the present Tramway Company 99.479.00 neither •wers they the negotiators, as intimated 78,569.00 by the general managers when replying to a question asked by Mr. Moir at the last meat. ing but s'orm or company styled the "Ching Commercial Company, who I understand have undertaker lo gnderwrite the new com....!
BALANCE SHEET, CAPITAL ACCOUNT.
1935. April 30th,
TO OLD DOCK:
ASSETS,
Ti.
"Old Dock," property with Loilers, pumpi, moorings, shear legs, launching ways, captians, etc., o of 1 sh... 670,000.00 Office building, godowns, machine shops and dwelling houses, including ground, &m.
OSMOPOLITAN DOCK: "Cosmopolitan Dock." pro
рапу
with pumphouse, pulips, boilers, etc., including ground, 45m.
Land, including bunding, wharves, and wall, 107m, '31. Bl. 6h..........
354,000.00
94,000.00
19,000.00
Machine shops, godowns, office, nad dwelling houses... 100,300,00 108 Chinese houses including ground, gm. 5f, ol. Sh. INTERNATIONAL DOCK: "International Block," whar yes and bunding......
Land, 125m, 81, Fl. 34. p. Bulidings...
E
TUNKATOO Dock! #Tunkadoo Dock," Property with buildings, boilers, pumps, pkaar lugs, etc., ajm of pt. shi
|
|
George's Building, at 11 am, to-day, when there were present the Hon. Mr. R. Shewan (chairman), the Hon. Sir C. Paul Chater, c.3.0 Dr. J. W. Noble, and Messrs. H. P. White (consulting, committee), A. Babington, Fung Wa Chun, A. A. Cordeiro, W. R. Robertson, L. Masion and R. Henderson (secretary),
The secretary having read the notice con- vening the meeting,
* Recently I both wrote and cabled you with reference to a large contract for 3,000 tuns of potatoes and 725 tons of onions for the United States Commissary Department, to cover re quirements for the year ending June 30, 1906 I am hopeful that our people will make special efforts to secure this contract. Apart from the vegetables are also coming into favour, and any appear to be yearly on the increase. Canned above contract, the importations of vegetablex
of our people interested would do well to get into early touch with local agents, or communi cate with my office at K-be).
Manila, Mr. Suttor writes:
In regard to the market for fresh fruits at
...
DENSE VOLUMES OF BLACK SMOKE bardment was kept up till it was ween the rolled forth from the hitchway. The "bom- doomed vessel was gradually settling down by the head. The Russians then cezred fire and
bows, her stara jutting up into the air, and the St, Kilda gave a roll and went down by the in an hour from the firing of the first shot 'the
inst seen of the ill-fated vessel was the British flag which the Russians bad neglected to remove from her stem flag-post, ...
The Russian cruiser than born southwards, at twenty knols and after eight days stopped the steamer Florer and put the crew aboard her as has already been recorded.
"I have already gone fully into the matter in I one of my previous reports There is still an active demand, especially for apples. When any consignments are forwarded, it should be pe pidgin English, state that they were not The rest of the crew, who all speak a little cially noted that a temperature of about 42 is all that is necessary, and that the greatest care given time to remove all their clothes, Qa must be exercised to see that the fruit is packed board the Russian ship they were not unkindly when thoroughly cool. One recent trial ship-tween decks with the Russian fremen and treated. They were accommodated in the ment to the Manila market had a disastrous given the same fare, which consisted of brand result, and for the following reason: The fruit and "bad" butter in the morning, soup at the was duly consigned to Manila, but the Invoices mid-day, and plain rice in the evening. “ and other documente did not arrive until two weeks after the fruit, the result being that the fruit was all bad when the documents arrived. where a lot of trouble has been caused by the "I have known similar instances in Japan, documents not being forwarded by the same steamer. Recently several people have spoken to me about the delays in receiving advices and documents, and it would be advisable to see that this evil is not allowed continue. It may be that the trouble originates with the Sydney post-offices, or perhaps suppilors Isave their posting until it is too late for the steamers which carry the goods.
intended her loading, statas emphatically that The tally clerk of the Si, Kilda, who super-
Arrangements are being made at the local the cargo consisted of only rice, cotton, sugar, and raftans.
Shipping Office to send all the crew to Hongy kong of Board of Trade expense by the first available steamer, an
'CHIEF ENGINEER'S LETTER.NET
A leter signed by R. T. Young, late Chief Engineer of the ss. St. Kilds, dated of Dlar mond Point, Sunday afternoon, rith June, was brought to Singapore by one of the Chinese, crew, The writer requested that the news might be spread that the St Kilda was captured by the Daitpir on the previous Sunday 60 miles off Hongkong and was sunk and that all the officers and engineers, cook, steward, bost- swain and mess-room steward had requested to be taken as near home as the cruiser could take them, and that they were likely to be. taken to the Baltic.
The Chairman sald Gentlemen, the report Regarding the case fa point at Manila, I and accounts having been in your bands for am advised that when the papers came in hand some time we will, with your permission, follow they bad the Singapore postmark on them. I the usual course and take them as rend. Como, I should say the Sydney post-office was at paring this year's figures with those for last fault. I am hopeful, now that the mat er bas year you will see that the result is a profit at 'been mentioned, there will not be any further Kowloon of $6,043.31 for 12 months as against cause for complaint at this end, and ibat our $3,676.55 for 7 months, and at Canton of transactions will prove satisfactory in future." 5477138 for 12 months as against 59,143.81 Mr. Suttor reports that the food supplies ob for 7 months last year which is a very marked tained from New South Wales for Hongkong improvement. Kowloon develops slowly, bat form but a small percentage of requirements.
NZWS OF THE DNIEPERA it does develope and will go on developing, and The retail prices at Hongkong now being ask the figures though small show a steady and ed for me.t and mutton are as follow:-Sirloin Captain James Stephen of the British stormer. encouraging increase every month. For la beef, 74d per 15.; rump saak, 210 per Ib. Loch-Tay, which arrived here this forencon stance, our profit on working over there was Forter House steak, per Ibiy quei, Ed per from Barry with 6,500 tons of coal and goo nothing at all in April, May and June, ib.; Houp meat, ad para mutton lege, 8d per tons of coke consigned to Moins Guthrie and but in July it had risen to $300 and in lbs loin chops, Ed per bamb chops, 7d per lb. Co, reports that on the 12th instant at 7.50 akt. February to $1,cco so you ses we have the forequarter mutton, per lb. prospect of much better earnings in Kowloon ib. sheep's tongues, ach shooter Russian cruise was sighted steaming went
"kidneys, | ward forty miles to the wast of 'Achaan "Head: this present year. But in Canton business rid each hindquarter amb og per lb. legs The cruiser approached the Lock Tay and The Chairman Who are they? Name themis on a much larger scale. We have, there lamb, gd per 1b. lamb loin chops, od per lb. carefully scrutinised her, but did not interfere Mr. Brown-I can name them if you like. a large and wealthy city and our resources lamb rib chops 84 per lb. lamb forequarters, with her. She steamed away westward sgaln The Chairman-Nange them.
have been strained to the utmost to keep 7d per lb. pork, legs, tijd per lb. lain pork, at a high speed. pace with ting our wager, Mr. Maron, 11 per 16.1 pork chop 100 per bjork. electric lighting. Our manager, Mr. Marston, shoulder, 73d per lb. pork sausages, 1710 and his assistants have had to overcome macy lb. pork frits sausages, 15d per ib. j 'beef, corp- unforeseen obstacles in their work, wat toed round, 8gd per 15 beef, corned brisket, 64d mention the tax on their strength is having per lb. pork, corned brisket, 74d per lb. only raw untrained native labour to rely upon. An enormous business is capable of being and deserve great credit for the way in which worked up. Including the army and navy, the they have met all demands on them in a year white population must exceed 20,000, and, in of unusual pressure, They have been concluding Chinese, over 400,060. Apart from this, stantly engaged in laying now lines in various Hongkong, is now reported to be about the directions through the city and in attending to third largest shipping port in the world. If a steady demand for new installations, in ad- now South Waler business firms would carer dition to which their time has been greatly fully look into the matter, establish a large de taken up with extensions and adding de to and got for foreign products, then Mr. Shirer feel company's plant which the increasing demand certain of it proving a successful venture. has rendered necessary, Protracted negotia tions with the Building Commissioners have et last been brought to a close for the extension THE British Minister recently informed the of our property which will now be on the new Waiwupu that the Hongkong Government ip: bond and will give us more room which is tends to build a railway between Canton and badly wanted. The last addition consisting of a Kowloon and that Sheng Kunguso shall com third Babcock & Wilcox boiler is now working plete negotiations with the British authorities at full power and to keep up with the growing at once, The railway was originally Joint | business another engine alte for set was also concern of the Chinese and the Britisk but now ordered from home. his has just arrived and the Briilih want to hare the railway as purely is now belog set up and we are already con-Britlah up to 25 miles from Canton and from sidering the necessity of immediately ordering there to make it a joint concession. The still further additional plant, After much British Minister now endeavours to conclude negotiation the Chinese officials st. Canton | the matter with the Waiwupu.—7As Universal | Kerrens in stock hars modified our previous concession, or, | Garella, pemengg
e date "
Mr. Brown, forget the exact date that this item appeared in the "China Mail," but that can be ascertained later. The clause dealing with this question states, "The new company will be under the management of Messrs. John D. Humphreys and Sons, with a consulting comvaltice consisting of Sir Paul Chater, C.3.O., Hon, Mr. C. W. Dickson, Mesa, C. Ewens and A. J. Raymund Are these the gentle men who are the promoters of this scheme?
The Chairman,Mr. Dickson was not men tioned as being a member of the Consulting Committee which was published, but he has always been so, and he will be member of
the new Consuling Committee to be formed.
Mr. Brown. Are they or are they not? The Chairman. Some of them are, and some of them are not.
Mr. Brown-Who are not?
The Chairman-Mr. Raymond la an addi. tional member of the Conspising Committee and so sito is Sir Paul Chater.
Mr. Brown.--He is not one of the gentlemen at present interested in the promotion of the new, scheme and the formation of the new company?
The Chairman-interested to the extent of that paragraph, * Mr. Brown.—Interested to the extent of that paragraph ?
A BRITISH CRUISER IN HER I TRACK The same day at 5 o'clock in the evening the Loch Tay sighted another cruiser steaming in the Rassino's track and as she approached ibe steamer it was seen sha was flying the White" Ensign of England, mutt
This warship was probably the cruiser Pro serpins which left Singapore on the folhar 11.30am. bound for Colombo,
16th inst, has been received from the Sumatra
The following telegraphic information, dated
Director and Manager of the Maatschappijot Mijn Bosch en Landbouwexploitatie in Langs kat Ldify Dally aggregate output of Crude
Petroleum
Gallons 72,000. Crude Petroleum in Tanks" at
date
Kerosene made since the date of >
the preceding balf-monthly telegram omnipuurid. Cases: 70,000 Kerosene shipped since the date Pofthe preceding balf-monthly)
telegram numrin e j
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