$370
foot
THE HONGKONG TELEGRAPH SATURDAY DECEMBER 30, 1905.
to
exact figures about the quantity of ore standing | tons in every 100 put through the mill from 10 | importance because the register must be made over the 200 feet level, the reasons for my or 25 mesh down to 300-3 to and treating the conclusive evidence of the constitution of the Inability to do so may justly be considered resultant fines by agitation and filter pressubstantially the same as that of 1888. Varia firm be of any value." the present Bill was anything but unsatisfactory, f
Unless certain minerals appear in the
ces. making the Bill more workable variations
ons, including the Chamber of Commerce; but in their opinion these variations only made the Bill more objectionable than ever and went of partonsships was for them and for their to show how impossible the idea of registration trade. For example the original Intention of the Bill was to make registration a touch stone of partnership--that was to If a man was not registered he could seither sue not be sued. An important alteration was introduced in the Bill of 1894 in Sec- tion 12 (2) in which were inseried the words "registered under this Ordinance incurred after the date of its registration. THAT
AS
Commerce to Government in iga to the affect that the indifferent application of rogin- of whom it was not seeded) might interfere tration to alluclanses of trades (for the bulk development of the
tion to the general community against losses The Bill was intended as a measure of prolec- good
sustained by them through, firms trading on what might be called fraudulent credit. In fraudulent credit was not a contributory cause many cases of bankruptcy, however, this and such losses the Bill would not prevent. in other cases, where the element of fraudulent credit had obtained, there were other causes, such
as absence from the Colony of one or more: of
that much more the bankrupt seriously and, directly contributed to lotes, which the most perfect system of registnsion would neither eliminate nor prevent. In short, and again assuming the Bill to be carried out
of a local mercantile firm, we that which, given
meeting of the Chamber of Commerce. Failing have delivered at to-morrow's (14th Decr.) the opportunity, he would have asked loays to
such opportunity that draft speech is now given
important discussion. As we have referred to contribution to what we doubt not will be an speech in an article in to-day's sua, no further preface is required:
ki
Mr. Chairman, Gentlemen-
powers they at present possess and suċċessfuky -
be registered," appears hardly reasonable. net, but who might not under the Ordinance. use, of suing a man who can be proved a pasto
by non-registration, supporters of firms.plainly
ao daing of reducing the credit of the tro sibilities of parisers, they take the ride by and thus losing money, and they surely come pordingly deserve the immunity from liabiliy
partners which of being sued as registration gives themati
The memorandum, alates that mittes consider that among Chinese
sld be many unregistered partners. Us doubtedly wauld, but they would not be, in a position, as they are now, to, falsely induce though not actually not propony, amily for the they support by tacitly themselves to be partnera. One of the strongest
had hoped by sinking wingas from the too can be done forabout $a perion of conconitales tions and been introduced with a view towards'] with the free com@bre day as it did then. | merely as a contribution; and we think o useful indicate that they do not accept the respon and drifting on the 200 feet to open out (under the most favourable circumstances meet objections brought forward by many per the Hill was
blocks of ore. After the work was well However we can hardly expect so bigha advanced it was found that the sinking was percentage of concentrates and the cost of going on the ose vein and the drifting on an treatn
treatment will probally run higher so that for pected an presice of which had not been sus- prosent purposes we may take 30 per ton of pected and
was not suficiently far away ore milled as the cyaniding cost, Until final from the other to make the error obvious at determination can be arrived at on this point first. The net result is therefore that in place there is no question that the wisest course will of having 3 or 4 blocks cat out and sampled on be to ship the concentrates to a smelter. This four sides we have twice the number of blocks cut out on only 2 or 3 sides and therefore in-will give returns from the concentrates in from 1 to 3 weeks after starting the mill without any sufficiently developed for exact estimation. 1 heavy outlay for new plant. My experiments shall therefore have to make this report show that we may expect to save 20 per cent chronicle observed facis, geological and others, of the values on the plates at the mill." A $1.85 and leave it to my successor to give you freight rate from the mill to the steamer bas Sgures later.
been arranged. We have quotations for OBOLOGICAL
various
small
to
randum lasued to members by the Committee I have considered very carefully the meme of this Chamber, but it appears to me that some of the views expressed thereid are, la general principles at least, open to question.
But before touching on these, I should like justify their antithes flowards the Commit auf,
remark efforts to
there
brought
freights to Ameries at $8 and smelling charges | affected the value of the register - Under the with entire success, it could not be roportionsistently thrown upon iz at $10 Treating 100 tons of $5 (gold) ore ́| original Bill the register was to be the conclu. | ́do more than prevent a very hy bankruptcy. | mittens of the Chamber." "ccesive against the Bill appears to be that, it will dis
J.
Suning, milling, etc. 100 Tons... 5500 (Mex.) Bags, bagging, drying 7 ions.
Land Greights 7 toos Conc....19.95
Concretess Ocean freights 7 tona Cutic. 56 Smelier Charges and deduction
Conc. Insurance, Sampling, General,
Conc.
· RETURNS...
106,
20
$754.95
...$200 700
so per cent. of total valuo, saved on Saved by smelter..
plates a
Less Charges
$90,00
* 754.95
Profil on 100 ton.......$ 45.05 only approximations, as excepting land freights It must be remembered that these figures are no contracts, have been entered into. Ali no whether there will be more than the smelter account is taken of copper as it is questionable minimum allowance,
|
count experience as regards the rgiving of: firms on a level with those that have borne the credis, and will put the newest and smallest brunt of an unusually not unstentful
I am
am myself connected with gue of the oldet firms here, but interest in certain recent fallume bat caused no little amusement parlaps in. spite of some personal
stance of cashlars of greater ance and the a bound toadmit that there are few whem wa doal; a few further particulars than verms with
of which would not be of the keuse! failures of this and last year would appear to show that some others at least of the leading local houses are not appreciably better lo formed.
Ho ventured to differ, and he quoted the words as proposer, of them by reiteration but Chamber, has takan a consistent and more`ore interess to me. And some of the heary of Section a" in "bject to the provisions therefore, take up theirs opinion that } less favourable interest in registration for
himself
Very
sions of the Bill, were very onerous but he be- and therefore should they seek for ex-
As regards the new and small firma, it ap
base their business, and pears to me that they base credit on what they 100 done by the older and larger firms, and what the older, and large: firms do is as an open book to any markal kranle of mediocre ability. Personally ava never found it so difficult to ascertain what credit
much ought to give him myself.
Press somewhat strained. They state that "Proposed from time to time during the past Diagram shows my conception of the eye-
ten years, cold water has been per tem of velns as they appear to be at the 200 having 7 per cent of concentrates and allowing sive evidence of partnership the touch-stone of our present commercial lories by
by
Com feet level. The country reck was originally tailings will thus work out somewhere as.
and fins arbiter. Under the present Bill
Τα attain this end it was found necessary to that in 1893 The Chamber passed a resolus And yet they admit granite but has a gocíasic structure owing pro follows: bably more to machastical causes than flowage.
would not be a complete recon. And of the venience and irritation to every merchant and at a general meeting of 11 to 8, while in 1904,
measures that would entail great incon- tos tans @ 5s (gold)=$ioso Mex. What was the good of it? The only restit the
tion in favour of registration by a majority The
system of veins marked 2.2.2 are of
Test St tailing$950
Bill would be to prevent them from sung man trad
trader in the pneumatolytic origin and therefore unlikely to
place, present or prospective, whom they could prove to be partners but who amounting in the case of the large multitude this time, Gentlemen) by
The Committee carry gold and silver in payable quantities.
member of Council representing the Chamber memorandum lasued to mambers of the Cham-cold water was after all not so bitterly cold.
(the Committee themselves COSTS.
under this Bill would not be registered. The of pally traders to actual hardship. Such ob They are very numerous and dip to the East
Jections had been stated in detail in the
・・・ considered of a majority of one
registration desirable,” From this it would almost appear that the of Commerce and Agriculture in Poning bad and are older than any of the others shown. The main dyke dips to the West and therefore
stated that they were wrong in this respect. cuts across the series ana Whilst cooling.
bar and had been pointegh He need not mercantila community, a represented by the thors i· possess regarding the constituriom and .
very lucidly by Rather would it ap; car that the European this dyke contracted and various fissures were
of the Sub-section " formed along its walls and across it angles and these fissures subsequently formed
suppon of his argument, conlent hima by recording What he would call panal or compulsory the effect of such a Bill would be to hamper many years past, and that an unusually long channels along which ore bearing liquids could.
clauses had been introduced against those trade a travel and were filled up with quarts and
enterprise. Even if Vi new firms which did not register. The de- other
the. Bill could be successfully worked to achieve its suffering Government has patiently borne with minerals. There are very distinct evidences
extraordinary contradictions and vacillations parture from the original principle laid down that a subsequent twisting movement fractured
object it would not be justified at each acri- of opinion, and is still bent on putting our these smaller veins and opened out large
in the report of 1885 and the Bill of 1888 by fice and risks, and it would prove a burden local trade on a sounder footing, and thereby the addition of the words he had indicated and
rather than
benefit, to the overwhelming attracting fresh capital to the Colony, cavities more particularly in the neighbourhood of No 3 shaft, a secondary silicification taking
resulted in there penal clauses, élt was a ser- majority it was intended to protect. Every The memorandum states that "The Com- ious and important departure from theoriginal careful business man knew that with a place of apparently very much more importance
intention of the Bill and of that Chamber when small reserve for delcredere he could, and did ceistive of course recognise that each suc than the primary from a commercial point of
they firs
cessive Official Assignee has urged some, such first proposed registration of partnerships. cover himself fully against all Insses by bank view, in that it has been the cause of the for.
The Committee were of the opinios that it ruptcy, whether fraudulent or otherwise. He
meature to secure the more efficient working malion of the large ore body here met with.
amounted to a very serious blow at the free ventured to think that no reduction, in such re-
of the Bankruptcy Ordinance. They observe, That there was a secondary action is proved by
dom of trade in the Colony. Then there wai
however, from the manual reports of the de- the fact that blacks of the original quartz are.
serva would be possible even if the Registm-partnient, that other measures are also propos. how *y, firm givès a dealer,' as to ascertain often met with, its bluish colour and banding
lieved insufficient. And if they could not prove the question of proving identity. The provi. tion of Partnerships were carried out success-
ed for the same end, such as the stamping of Why being very noticeable amongst the white mas
irksome control by Government of
books; and if the argument is to hold that the sive secondary quartz. Thit there were large
identity what was the use of registration? The a maller that was entirely within the control of
Official Assignee's recommendations in one ini. cavities formed by some agency in proved by
cumbersome; the registrar unless he know any method of its administration was going to be every careful merchant? It was objected by the beautiful crystallisation of the quartz and
stance are to be followed, it is difficult to escape the conclusion that they should also be adopt soma that this was the selfist argument of the large existing cavities met with. That the
ed in others." But, surely, apart from any It will be noted that the total cost under oneirous of registration would reqsire to get those who from least experient knew how other fallacy in this areament, if the Govern, whole action has been very intense and there this system is $7.54 (Mex) per ton of ore
signed before various perions, and fors probably deep-seated is shown by the delivered to mill. Allowing $5.06 (Mex) for
protect themselves and that the want of this ment pass over the minor recommendations of there must be heaps of small traders who would very knowledge deterred new firms from open- evidences of metasomatic replacement and
not be able to get that done and warld pro-ing here. Those who knew Singapore com-
the Official Assignee, and deal only with n the alleration of the
out all charges except treatment of concentrates, country, tock about
question on which they find the Official bably No. 3
which
and allowing even as high as $1 per ton of ore officials
to satisfy subordinate clerks and mercially and who know how many new figs shaft,
Radced
the Registry Office to the main reason for pushing development in this min
Wamined for cyaniding, we would still make a
had spring up in recent yeus could scarcely
mercantile community to be at one-it surely of bribery and corruption, but thesuccess find this a serious reason in favour of the Bill, indicates that, with an open mind, the Govern part of the mine. The principal deductions to
further $1.48 per on profit, by stalling thin be drawn from the facis observed are, that ve tests should be entered upon at once and
of the Bill turned on the care and accuracy of while as regards the selfishness of the argument is endeavouring, not to pamper the Of process. It is obvious therefor, that exhaust-
its administration. since the fissuring and the Alling have been
The-Bill, he contended tober, 1988, aid that the look leave to doubt sier Amiga corbutton for a betteft on the conducted on such a large scale, it is entirely results have been obtained. The experiments
was a direct interference with ther (rade: suitable plant erected as soon as definite improbable that they are of purely local origin. already made show that the are can be treated,
permitted the Official Assignee to send for whether it was quite within the province of the mercantile community at large. their books and compel them to register, and Legislature to do for the mestantile community think it is quite reasonable to expect that at
that was the base of their objection. He was out this is only the first step and the essi astonished to see that Penang
what it seemed to him it could as well, if not a large body of quartz. There are evidences
stated in his of the present Bill it was admittedly aimed at that this secondary silicification will extend lake lime and much careful thought.
last report that except in the case of ote chop Chinere fiation, was caffed for except by further to the north in the workings, go down
it was not argued by anyone. and this is likely to have a most important
there had never been any difficulty in finding that such out the names of patters in firms in Penang small proportion of such fires. If it were in bearing on the values, which appear to be
the great difficulty there had been that they any way possible to restrict registration to the more regular where this action has taken
had all run away. They had asked Fenang's particular small section of the community who place.
opinion on the Bill but had got no reply except required it, nothing could he said against it the bare acknowledgment of the letter. It was except that it would probably fail in its pur stated that they had got registration in Japan. pose. They knew however that such restricted land ore any Colony under the English and of ia any the Engin las,
legislation was impossible and that being so he could not see how this or any amended Bill could fail to cause irritation, inconvenience and these others had feared to trend. Hettvetted hardship to the many, while its possibilities of that the Penang Chumber had not joined with evasion would render it abouive in its applica them, si closer co-operation between the two tion to the few for whom the legislation was bodies woud, he WBS Euro, benefit both, Mr. intended. (Applause.) Shelford went on to reply to the statements made by various holders of the past of Official Assignes relative to the arguments that Regis tration of Partnerships
I
оле
ment
bave to
nee and a large proportion of the tip.
UNSOUND TRADE.
and below the poo feet level you will still have, the elaboration of the working process wili | because the Official Assignee had the, fill better, do for itself." In the objects and reasons ments brought forward by the Committee in
..
ORE TONNAGE And values.
MANAGEMENT,
This is a question that requires as much consideration as any other in the operation of mine: It is imperative that we should work The very lowest grate are upon which a profit can be made, since our reserves are low. This mons that cons must be cut wherever possible. Bo cents per 1, and we use my 1,250 lbs. per Take the case of camila. This costs us now
80
For the reasons given above it is impossible to go into this question with the proper degree of exactitude. The following figures I think enth that is $1,000 per month. Other mines" and it was batter for them not to rash.in where will prove to be a very conservative estimate.
Above zoo fast level.
Dumps
***** 3,000 Tons.
Broken in Stopos..
700
4,000
No. 1 Vein
11
#
"
L
Shift
****** 2,700 1,300
"
ון
Total.........19702 Every foot we go south from No, 3 shaft adds very largely to this reserve and at present we have absolutely no data as to the limits in that direction.
Are using the same dynamite, purchased under contract, at 40 cents per lb. If we mill 1,005 lons per month dynamite bar cost to cents per lon and should have cost only 25 cents which would mean
that we should have to leave ore standing in the mine which under other cir- cumstances could be mined at a profit. Fuse, caps, candles, steel, cic. are all subject to the
attention. same
There is
is only one possible stem under which this end can be obtained and that is to transfer the whole business of buying and contracting for supplies to the mine office, where there is a man whose daly it is to attend to all such details. The success or failure of the mine depends very largely en this point, for no man who bas a reputation at stake will take hold un'ess it is conceded..
In conclusion I would say that whilst I have been unable to give the full details that would be possible in another 3 months, I think that confidence in the future of the mine. There in dchore in the mine, but as a whole it is a low grade proposition and must be handled er at As to reserves it is well to remember that whilst they are still small, nine months ago there were none at all, and the work which is necessary to open up more is already well advanced,
save,
secondes on this
credit,
The
It is a very noticeable feature of our year's development that whilst we had only about roc ft. of are on the lop feet level, we have already passed through 270 ft. of or on the 200 feet, Bod.1 can at present.ace no reason why a fur ther
improvement may not be expected on the 300 feet. The above rezerva gives us ore Tor 9ficient has been written to show that I have| Assignees figures to show either the bulk of by bayers that so-and-ao was a partner without months' milling, and as within 2 months we should be breaking ore on the 300 feet and within 8 months on the ton feet, it looks like
we should be able to keep the mil busy for some time to come. (Hear, hear).
The Chairman-So that the quantities of ore give us every hope for the future and in my interview with Mr. Cole, cur new manager, he entirely confirms all Mr. Verschayle has
ten and says he himself in satisfied that we The mine is now I hope on the high read able to put through our mill. That is the sub-fore resign from its management with feeling" have a large quantity of ore that we shall be towards the dividend paying unge and I there. ject of the quantiles of our ore; we shall come of professional satisfaction. to their values next.
Yours faithfully.
written
VALUE.
The report proceeds: Since we have a considerable tonnage of both
very low grade and high grade ore it is obvious that we can mix them to produce almost any grade required. As our reserve are net large every endeavour possible should be rade to work as low a grade ore as possible, At least for the first year. The cost of mining and treating a ton of ore, if arrived at carefully,
W. DENHAM VERSCHOYLE. After several questions had been asked and meeting came to a close.. atisfactorily answered, by Mr. Verschoyle the
THE REGISTRATION OF PART NERSHIPS BILL
DISCUSSION IN SINGAPORE.
full know
interene. This Bill was intended to benefit
10.
But, even if it be allowed that all the argu- their memorandum be sound arguments, is it not the case that they paint without exception being modified and amended; and not to the to the necessity of the Bill in its present form. advisability o of all legislation in the maller be ing Summarily condemned?
And while we frequently grumble at the extent to which competition is carried locally, and sometimes speak with disrespect of the innumerable small businesses which certainly now do exist here, we cannot surely reasonably probably care to admit that we were not ready expect anything else, and few of us would to sccept, and eyes welcome, h nost compel tion unless we acknowledge that we have no interest whatever, in the the Colony,
So
the general prosperity of
the it case that the judgmast,
of the older firms as regards credit, is, kimsõit as frequently incorrect as that of the newer, if 'it in the case (and I think it will be admitted that it is) that the newer Arms trade on the experience of the older if we welcome the is. troduction of new capital and do not really object to the honest competition it naturally entails-is it a just cause of complaint against the Bill that in enabling the older, firms to arrive at a more correct appreciation of the value of their clientele it enables the newor firma do likewise?
MODIFIED CONDITIONS.
While I have now touched upon one or two. jutains the question as to bow the Bill, if it be of the general objections to the Bill, there r in main principles a desirable one, can b modified,
be
in Chiness dealers with whom 1
hava been in conversation in the matter, state that they would not have the slightest objection registering themselves, but they would object. to the public bring supplied with minute details of the composition of their business, If registration be ipso facto a proof of part nership, then the mere fact that any one I registered as a partner in a business renden his entire assets liable, so that it might bit
restrict trade. On general principles it would It appears to be contended that the Bill will appear impossible that sound legislation could restrict good trade. There are no doubt, how. ever, certain clauses in the. Bill as it now is which might have the effect of restricting good trade, but as presume that none of us desire, the Bill in its present form; this does
exactly not affect the question.
·A· large proportion of the trade we do here is surely not sound trade even though, having got accustomed to local methods, we continue in handle it, and often to strive after it as though it were the most desirable business possible. But to give credit blindly, as in 1 MADY of our debtors other than the facts that, forges uns tances we have to do, with little knowledge some reason, others give them credit also, nad that they usually meet their engagements, is surely not sound trade. Yet no firm I imagine, confident of its own integrity, and stability, would object to its general constitution being known though it might, probably would, object to the details of that constitution: being made public property.
And though, as I have said, we have grown sound trade, and though any departure from accustomed to accepting and even seeking un our usual methods might cause as temporary general improvement in the quality of our loss-still if such departure tended towards a trade-tended in fact to put us more on a level. with some other Eastern markets where our abnoxious crefit system is not knowa-then should we not be prepared to face a temporary losa (if such there should be) for the sake of the ultimate benefit?
FAULTY FINANCE,
stages of the working of the proposed na lus,
new lay,
for the partners to be compelled to furnim particulars as to their exact interest. And the accessibility of such details to the public might produce much merely inquisitive examination of the register which would be annoying to those registered:"
It might perhaps be arranged that the gister should not be a public document in the Jullest sense of the word, but should only be
rexistrar of their bona f accessible to such persons as satisfied the
fides. But it is not necessary of these or more important modifications which here to go into details
may be necessary. "That may be left to the The Government have shown themedivas pr subsequent consideration of this Chamberi tient and considerate in the whole matter, and will doubtless continue to do so if their
effort
to improve the quality of our trade are met in a spirit which will show them that we work not so much in our individual interests as in aliosa. of the general trade of the Colony,That the is room for provment in the methods of doubt, but, at the same time, if by passing carrying on that trade there can surely be littl Buch a resolution as that which this meeting convened to consider, we once more rebuff the Government, we can hardly feel that any fat ther consideration is due to us from them,
Gentlemen, I beg to propose the following resolution to the meeting: That in the oph elanion of this Chamber,
some form of legislazios for the registration of partnerships in desirable, but that the Bill now before the Legislativi Council requires modification. They-ibersfort
reading of the Bill, in order to give this Cham ber time to draft and submit their proposals regarding the modifications necessary.
AN UNLUCKY FIND
will gives basis for calculation. In my May Chamber of Commerce was held at Singapore motive anigned to them, 'It had been argued For that was what it amounted to. Further, go scét free, but he not infrequently pose as a request Government in postpone the further
report
HON. MR. WADDELL'S VIEW, Hon W. P. Waddell said that after the very exhaustive remarks by the Chairman and
• important resolution there did and consequent work prevent fraud and lead
not seem much for him to say on the subject to an eater collection of debis from foreign He thought, however, that as the Bill was to places. No sen demand, he said In conclu-
come before the Legistative Council atan ently sion, had been made for registration. The date it was desirable, that the views of their whole question turned on the question of representative should be made known. afiets, If a business was sound, well looked question to his mind was really one of giving after and payments were made regularly, then which was a matter for the consideration the European firms were satisfied. Otherwise of each merchant, and he was quite able to they could look out for squalls and that was protect himself if he chose. The fact was that their own look-out. With regard to failures competition had led to less care being taken in the Colony, figures were of course very in inquiring as to the status of native firms, and difficult to obtain, bar he took the Official people had been too ready to accept atatamente the Husolvency of the Colony, or not they getting the definite evidence from so-and-so did not, then the Official Assignea's experience that he was. If they took this precaution there false premise, if they did, then be woulations that were sometimes made. It seemed was limbed, and he probably argued on a would not be so much talk of the misrepresent examine them. He found that during the to him absurd to Irgislate protect people past ten years the ave age liabilities of these from their own neglect and their own rashoess. had amounted to $640,000, the net loss on When such legislation was going to debar mer which had been $400,000, of which 70
ich 70 por chants from recovering their debis from persons 31600 was the net loss of the Colosy dress who we reliable under the English law (even title of evidence to show how much of that was considered it to be bad and contrary to thei $230,000 was the net loss of the Colony from
credit was given though the failures during that period. There was not a ledge as to who all the patteers were) then be due
to non-registration of partnerships. It
As all of us are well aware, a large number had been argued that registration would them, and the conclusion he had come to was their existence to the support of some wealthy of Chinese (raders in Singapore practically owe improve the general trade of the Colony. that in principle it could not do There was no tittle of evidence either to sup not give any information of
Chingman who, while he finances the business port thal view. The reasons. put forward by the partners of Chinese Grew because all not register,
and draws a considerable share of the profile, the Official Assignee were not sufficient for though by the English law they were partners
takes only a limited liability inasmuch as he such a revolutionary measure as this. There It was in fact limiting the liability of firms to does not appear as a partner in the firm's had been plenty of motives assigned to them that of the registered
books. The system is manifestly an unsound partners. It was no for opposing this Bill. It had been said that satisfaction to be told that he need not give one, as, while the name of the wealthy sup. the larger firms were afraid that the smaller credit unless he was satisfied with the stand-porter used in connection with the businers would gain by the passing of the Bill. That ing of the registered partners. Why should induces credit, when the business fails, not same boat. He. absolutely repudiated the Why should disabilities be placed upon bim? was a childish argument; they were all in the Government limit him at al in the matter? only do the assets of the wealthy supporter (who is to all intents and purposes a partner)
Council to put the Bill into shape. Oas that they should have left it to the Legislative to introduce such a measure now, when trade
creditor on the estate of his late business, and their sui communications with the Govern
was bad, and money getting tighter, was
reduces
the legitimate claims of the genuine simply to give an o-portunity to monied part creditors ment was an f- quiry from the latter as to what were the Chamber's views now, and, they
It has been stated that one of the effects of escape from their responsibilities and had stated that by a majority of one they were
they could arill draw the profits, by
the Bill my be to induce such wealthy sup not able to give an opinion from the Chamber
not regiziering. It was the assets they wanted parters o withdraw entirely from the busi to get
hold of and apparendy
nesses in which they are interested, rather than the law untit
they had seen the Bill It was intended The Chairman stated that the meeting had for their henefit. If they did not think it
enable him to do this if they were out of the register as partners and render their satire been called in conformity with Rule, 23 of
Colony. If that was the case, registration of assets liable. Personally is appears to ma was so, all they had to do was to say no
that, even, at the risk of ship-result-the-prevention the Chamber. The commilice had recently
partnership would not help st
p at all and it woul if otherwise they would find the Government issued a memorandom dealing with the history only too glad to put it through. The Chair-
While Indian sergeant No. 705 was, paskoj "partners" with no capital and supporters" along Queen's Road West, yesterday, he no of the whole question and setting forth the mas concluded his speech, amid applause, by views that they had formed upon it. A moving the resolution as
with no risk. is entirely desirable, and the fact ticed a. group of nine coolies engaged in i minority had not agreed with the conclusions
that such arrangements frequently work quite wordy war, and, upon investigating the capsa above. MR. C. MCARTHUR, which they had arrived and he had no
bis business should be confired to bankrupt
satisfactorily in little justication of their ex- Mr. C. McArthur, in seconding the resolu
of the disturbance ascertained that one of the doubt that some of them would give their tion, said that, in theory, registration of part-
and he should not be listened to when he pro-istence.
men had On the other hand, such arrangements as of the others, and refused to deliver it up. The $100, alleged to be, the joint property reasons for so doing, but the large majrity samhips appeared such
posed ja regulate solvent trade. The condition a simple and effective of the committee were
of trade in the Colony (taking a large
have referred to are presumably merely of those
accused man. denied his opposed to the method of regulating credit that the natural it) had been quite. sound so far, and the fact entered into by Chinese capitalists as a means measure. Of course many of them had, no feeling
possession of their of most.
money, but further Investigations developed doubt, been from time to time in favour of a measure which seemed likely to make busi-
was of approval of that merchants had
capital, been giving easier terms of of employing surplus
not from any the fact that he had a roll-of credit as time went on showed that they had and it is perfectly certain that, if such a means sentimental desire to help beir poorer brethren
of ppies so ins amount of $100 in his belt. When questioned thought that it would benefit their
now in this respect as much easier to All." 'A been able to conduct and extend their business
the and careful
srafal siady, however, of the Bill and its blacɔ- and it had only has when they had ry, combined with some knowledge of the min
produbly on these lines. they found able reserves in 6 maniha, There is howevermined into the principles on which it was at whom it was chiefly aimed, could in hit ook-ft for the Official Assignes of the nawapapel means of employing his fünds, which, while
monty Queen's for complaint he did not suppose they would to be withdrawn, the thrifty brain of the Chi- roolist wanted him to divide it with them, bị
the Road, and ·RE absolutely no doubt in my mind down every proposed to bring this registration into force plan lead to no other conclusion than that the
nose capitalist would readily evolve soms other our present policy. It is to cut
to tell them what it was they needed or how equally beneficial to the general trade of th
as moning away to prevent them stealing it cent of unnecessary expense and work the that many of them had altered their opinions, proposed remedy was worse than the disease
and in fruen find the owner, But the men fol lowest grade ora'that will yield a profit,
they should Those principles had been before them for
conduct their business, the
lowed up nada
ch IL WAS intended
to cum. In the objects and Official Assignee said, there was no demand Colony, might be on more honest barisa-s
that he could" great number of years. Them for 20 years. | arguments which were strongly urged in 1888 think registration in a general, let
Tha question as A reasons for this Bill it was stated that The
with bis search. Three man were proceed from the merchants for this Bill. A few might whole had been
at goce arrested and taken to the I think it is unnecessary to place on record First of all in 1885 Commission was appoint. have lost none of their force, but have rather good things
would be a
IDLE FRARI. -
Central the details of my, experiments for the last few
Station, and later Mrs. Mok Fu Yak, of No id on the matter of bankruptcy, which also re
closer examination generally Personally, however, I think the effect of the months. The main final conclusion 1. have
gained weight through the increasing volume convinced
rate this
Bill Bill on such arrangements as these would not
Queen's that at any
Road, at the Police Station arrived at it that the one is amenable to cyanide ported on this kindred question of registration of trade? With this he entirely concured be which was substantially the same as all the result in the withdrawal of the capital, The and stated that
of partnerships. A Bill was brought forward la cause the arguments which were most strongly
and possesalon
Alist make been hitherto prepared, would supporter would probably continue to dance ing purchases to tat extent of $85 floe grinding and
agitation, It would how in introducing Hated was
in 1888 were against the Bill, and by not benefit them.. At any rate those of most the firm and instead of running the risk of home aver be most upwise to think of erecting any
brought for
she had ward in co plast without further experiment and this candle consult an of the wishes of the nier. Adamsen, eminently capable of forming as they were to hear the lil thay bad, rather cumstances he might be, he would have the rested were this morning West Road,
Three be carried out whilst the mill is in opera on the part of Government as to the utility of
community and not from any conviction Round oplatan on such a subject. It was than fly to others they kass not of. With satisfaction of drawing his annual profits (called A, D Melbourne, and charged with the then jor/and there are
plenty concentrates to the measures also that "the Bill did not pro
worthy of note, too, that Mr. Booser, who these few remarks he begged to support the fatorest perhaps) and knowing that his liability of the $103. The cave was remanded till the work on. It will not be a question of treating pose to make any alteration in the English faw present Pill is framed, "never disguised his
drafted the original Bill in 1888. on which the resolution. (Applause.).
was legally, limited. As Mr. Bonser said in afternoon for further lovestigations thebole pulp as it comes from the mill, except that the penalty for non-registration is Most of the values are contaised in the con
1888, the Bill" will have the desirable effect [To be concludid] fear that any such measure would pron im
23. Upon resuming after the tide recess, Md 26, loss of claim to the benefits of partnership and practicable in this Colony," and said in effect
of putting an end to attempts to render persone centrates shout 10 to per cent of the whole.
Mok Fo Yok satisfactorily proved, ber, chia on the other hand inability to be sued. Ho
who are not partners, Hable as quasi-partners, to the Stoo, and the man in whom, possession ditors will be deprived by this Bill of the hard labour that he saw nothing in favour of the Bill, The Balow wa (S.-F. Press) gita the text of a ❘ ~ The objection of the Commition that "
"Cera, the notas warn found was sent to one mon
I gave the following figures and I can sea no reason for altering them at present,
Mining (inc. development)... $1.00 (gold) Sorting goodhache recirmuar Milling are tagge, matomar Cyaniding (see below) General
20
$2.73 (gold), I admit that it will require close manage ment to reach this figure, but at the same time I am confident that a lower figure can he reached and therefore I think $1.73 can be taken as a basis for figuring.
Any ore worth over 52.73 will pay to put through. In three months imm now it will be annier to judge what can be done: The dump has been roughly sorted and careful sampling gives $5 assay value. If there are values going out on the waste dump this is too closely sort ed and on the other hand if ore is coming in Well
es the 300 and 400 it might be politic sort will closer, and send in $0 or $7 ore to the mill, and thus work out our pretent avait,
by
TREATMENT..
sort
A special general meeting of the Singapore on the 19th inst. in the Exchange Room for con sideration of the following resolution That in the opinion of this chan ber the Registration of Partnerships Bill now before Council is not desirable in the trading interests of the Fort" Mr. Wall, Shelford, (Mesars. Paterson Simen and Co., President of the Chamber, presided CHAIRMAN'S SPEECH.
omb scheme of registration. Y AW
before
of
mere to rinku whilst
did more
be far more to the point if they devoted
energies to trying to get the question or their of such unsatisfactory arrangements between the Oficial Assignee to interfere in this matter;
put tight. He did not admi the authority of
Bills
bad
view
AB
and
AN QUEEN'S ROAD,
of amploying surplus capital were considered, man then, Bald he had pickacsquare!
lines.
་་
not
she had $180 in oben out shopping
treatment and that the best resßila are obtained | 1848 which Mr. Bonser, the Attorney-Gencial, unger. Thomas Shelford and; My Wai: | experience in the maller had p`eferred to go on, being proved a partner, as under present ciri in Queen discovered before Mr.
fe will therefore be a question of regrinding to considered the provisions were of the greatest
mea
like
LEGISLATION - DESIRABLE,
reply of the Committee of the Chamber of speech which has been prepared by a member
ant
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