10
DIRECTORS AND THEIR LIABILITIES, DUTIES AND POWERS."
(Continued from last Saturday.)
THE HONGKONG TELEGRAPH, SATURDAY, MAY 18, 1912.
of the Companies Act of 1908 following the Act of 1907), and, in Hongkong, by Sections 262
POST OFFICE.
and 252 of the new Ordinance: Only fully prepaid letters and post- and by the first of these Sections | cards are transmissible by the Si1orjau the directors, or any other officers Route to Manope. Letters for this or ngente, of certain foreign monta should be superscribed vin Biteria. corporations are made liable to penalties if they fail to comply with the requirements of such Sections.
The Parcel Pont system to the
following places in Chins is for the present suspended-inpeh, Hanan
Tengyueh-j
'MAILS VIA SIBERIA.
Left Londos April 20th. April 24th.
Due Shanghai
Mng 7th. MRJ. Ifith
MAILS DUE. Puino's, Nea, goth, Just American. Tenya Mard, 23th' lu t
MAILS CLOSE, Salo Baman, 19th May. 0
4.51.
i Ceyla-Por Bohemia, 1913 Mar, 9,
VESSELS IN FORT.
STEAMERS.
Choising, Ger.... 1, 102, J. Binhu, 10th
Daigi
Fatika,
May Bangkok and Swntow 9th May, Rico.-B. & 8, Marn, Jap. * 840, Y. Some- kawa, 10th May-Tamaul, via Andy and Bwatow 14th May, Gen-O. 8. K. Br. R., 2,697, W.E. Whit. Lingham, 5th May-Rangoon 2nd April, Gend1, N. &
Co.
UNCLAIMED TELEGRAMS.
Eastern Extension.
List of unclaimed telegrams lying in the Eastern Extension Office at Hongkong :--
Allegory, from Shanghai. Anguhike, from Manila. Caresa, from Vinhi. Olioongaie, Clo Kitsang Olo, Tungaunglung, from Medan.
Olingwon, from Tainan. Chingquanchun 8_Kingsing Street, Wanchai, from Vancouver, B. C.
s.
Chofoonsing Chop Kongsang- kong, No. 48 Fongman, Kualalum- por.
Mail Steamers.
THE PENINSULAR
AND ORIENTAL S. N. CO.
W
..YOR
'LONDON & ANT- WERP, 8'rona, PERANO, O'NDO, PORT SAID AND MARSEILLER......
ALL despatch. VESSELS to the Undermentioned PORTS on or about
the DATES named---
STEAMERS
TO BAIL ON
BEMARK
BORNEO Capt. W. H: B: Hail,
About 29th May.
Freight and Passage
About 98rd May.
Noon, 25th May.
Capt. E. P. Martin, KH.N.,
Fiame, Br.. .., 883, F. A. Kyld, 10th May-Sa'go 1 11th May, Gen-Chinore. Inala Maru, Jap. 8.8., 1.837,
Tominaga, 12th May-
Compton, from Manila. Cow Dock Jung Cow Seven SHANGHAI.....} DELTA Shangh 3th May, Flour- N. Y. K.
Connaught Eoad, from Reno. Nov. Keong Wal, Ger. 6.8., 1,115, F; Doyanatomogusu, Care Japan- Koller, 10th Mayang-os Hotel, from Thursday Island. kok 1st May, Rire.-B. & 8, Gd Hominerdinger, from Paris. Katrang. Br. 6, 9,109, R. Q D. Goorge Dosbion, from Manila. Hongsing Westpoint, from Sanfranciso.
Beading. 10th May-Moji 11 May, Goa,. & Co
Kwonganag, Br. u., 1.423, Bishard, 17th May-Canton 16th May, Gen.-J., M. & Co, ;
Hunolonguo, Fathongkailow Street, from Port Louis, Mauri tius.
LONDON, VIA)
USUAL PORT OF CALL · Ne
DEVANHA Capt. W. R. Hiskey,
For further particula-e, apply to
Ken", Hongkong Hotel, from P. & 0, §, N, Co.'s office,
Tho Section further providos | Stmits that every company to which such Section applies shall, in every Maeso-l'er Bu Tai, 19th May. 1.10 Landrat Schelff, Cor. 9, 1,016. Cavito, P. I.
it
г.м.
Japan vis Yokohamı--Per Italk, 20th
May, 11 a..
Salow-P'er Sigani, 2018 May... Teigta and Newchung--Per Kin-
king, 20th May, 9 mm.
Loc'kan,
traits and Carbon-Per Flashigerie,
-20th May, # P.M.
The position of a director is, shortly, this: The law has a great respect for, and will show overy consideration towards, an
Section 274 of the Home Act honest man who ondoavours to provides that every company do his duty but it has no aymincorporated outside the United pathy whatever for a fool or a Kingdom which establishes n knave. If a man blindly accepts place of business within the the oflice of a director for the United Kingdom shall within one sake of its emoluments, and other month from the establishment of possible advantages to himself; ifanch place of business filo with he takes no trouble to ascertain the Registrar of Companies -- the exact state of affairs of the (n) a copy of the instrument | Company, nor what his duties constituting or defining its cou- are as a director, he is a foul, and stitution, and a certified transla must therefore take the conse- tion thoroof, if the instrument be quences of his fally. If he ob not in English, (b) a. list of the lains the office of a director with directors of the company, and (0) the intention of procuring for the names and addrosses of 50 himself some honeft thereby to or more persons resident in the the detriment of the shareholders, United Kingdom authorised to stor, Ay and Formosa-Per or in order that he may avoid accept service of process, and
Daigi-mara, 19th May, "disclosure of special advatages notices.
he has obtained from the Com- pany, ho is a knavo. So also, if, while a director, he wilfully, or with gross negligence, misap your, file with the Registrar such plies the funds of the Company, a statement in the form of a he is either knave pr
balance sheet as is required to he fool. But where a director acts filed by companies incorporated honestly, ondeavours to do the in the United Kingdom; and best he can for the Company, further provides that ovory com- und does not gain, nor try to gain, pany to which such Section ap- nay special benefit for himself by plies shall conspicuously exhibit | Sw now, virtue of his position, he will be on its place of business the name relieved from the consequences of of the Company, and the country his mistakes, provided that he has where it is incorporated, and Singhsi, acted as a reasonable business shall have much names mentionoʻl man would have acted in the con- in Jogible characters on all bill- duct of his own affairs. Section | heads, lettors &c.", 258 of the Ordinance (Section 27| This Section of the Act of 1005 of the Act of 1908, which in token was taken from Section 35 of the from Section 3 of the Judicial Companies Act of 1907, which Trustees Act 1896) gives to the provided that every company Court the fullest powers to grant incorporated outside the United such relief to directors, but it will Kingdom which, at the commence- not do so unless satisfied by sumen of that Act, had a place of fioient evidence, not only that the business in the United Kingdom, directors neted with perfect hon-and every such company with. eaty, but also think they acted rou- after the commencement of that sonably. "It would be impossi-Actostablished a place of business ble to lay down any general in the United Kingdon should, rules of principles, to be acted within the respectivo times mon- on in carrying out the provistioned, file the docnmonts which **ions of the Section ... cach case the Act of 1908 requires to b "must depend upon its own cir-filed.. The Section of the Act of "cumstances" (Byrno J. in Bar-1907 then went on to provido her v. Imery (1807) 1. Ch, at p. that all companies to which it ap 542). The principles, however, plio ahould in the future do such upon which the Court will net are things as it is provided by Section to ho gathered from that, and 274 of the Act of 1908 shall bo several other reported casus (Smith done by companies to which such a. Stuart (1897, 2 Ch. 583. Section applies. Grewn v. Grindey · (1898) 2 Ch. The Section of the Act of 1907 503, National Trustics Co. . therefore, applied to all foreign Generar Finance Co. (1905) A.C. [corporations, whether 373, Danis r. Hutchings (1907)[porated in British
incor
A1603, Formosa and Panskow
-Per Hajching, 21st May, | 10 A.M.
Northern
China and Jopan vix Moji, Violaria, R.C., and Uniel States via
Brugor, 15th May-Daug
ok and Swator 11th May, Rico.-S. & Co.
Ger. s.8., 1,029, W. Taubert,
11th MayBangkok"-9th May, ie B. & S.
Br. ... 1.110, J. Mathi
15%
ith Matt April, Gon-Bank Line, Mougalla, Am. 8.8, 8,730, Henry E. Murton, Stu May-San Frucisco 10th April, Mail and G.-P. M. Uo.
Kinnkee, from Rangoon,
Kwongchun, from Maila.
Kwongthaijloung, from Medan.
Kwongyak, from Singaporo. Mansfield, from Manila. Me., from Kualalumpor. Memoria, from Liverpool. Narciso, from Manila. Nordlloyd Wickers, from To sangelescal..
Oberleutnant Caesar Schiff Patricia, from Stettin,
Pearman, King Edward Hotel, from Shanghai,
Sentul Per Inaba-mato, i pou Maru, dep. 8 mg, 0,152, W. E. 21st May, 10 A.M.
Filmer, 14h M1y---Sp Chinantno-Por Ousang; 21st Ma.
Pogkee, 76 Jervois Street, Franoison 17th April,an from Ilobart. T. K. K.
10 M.
J
Philippine Islands For Taming, 2 st
May, 8 r.. Philippine Islands-Par. Rabi, 21st
Mny, 3 r..
Paklat,
..
Poignand Passongor "Goeben," Gor. 8., 1,018, G. Wenzel, from Alorstar,
12th May Bangkok ani. Suzukiura, Caro Matousara, Iloilo 7th May, Rio.from Thursday Island.
B. & S.
Straits and Coylon-Por Miyasaki Babi Br Ks, 1,403, B. A. Crosby,
mira, 21st May, 6 r.x,
French
Siberian
Saigon, Sanita, Ceylon, Adelaide, Western Australia, India, Aden, Egypt and En- mopa vis Mut eilės (Latien posted in all the Pill Boxes in time for the fras clearance will be in indod, in this con- trot mail.) (Lnts Letters 11.00 a.. to Noon. Extra Postage 10 cents).--Fer Var, ist May, 11.
Keelung, Shanglisi. North Chios, Japan, Honolulu, United States, Canada, Soul America via San Francisco (Europe, &c., vin Siberia) J'er Mangalia, 2 st May, 11
A.
17th May-Manila 14th May, Gen.-S. T. & Co. Shantung, Br. 8.8., 1,835, d. Rubiz- Bon, 16th-Moji, 9th May,
Coal -, & S.
Phunganh, Br. 2, 1,065, Jas.
Booty, 16th May-Salgon 12th May, GenWo Fat Sing Piteanulok, Ger. a, 1,237, D. Rei- mors, 15th May-Bangkok 15th May, Rioa-B, &, Taming, Bens., 1,959, 0. II. Penn -
fathar, 17th May-Manila
14th May, Sugar and Gen.
-B. & B.'
Telemachus, Br. 8., 1,310, Fraser, 10th May Salgon 6th May, Geo-Wo Fat Bing.
Colapios Straits and India vis Cakutta-Por
Kutsaug, 21st May, 2 mm, Hoihow, liliong and Pakhoi-Per SHIPS PASSED THE CANAL.
Bingan, 2nd May, 8 ax Swator-Per Haimun, 22nd May, 10.
A M.
(To be Continued.).
LATE TELEGRAMS.
1 Ch), The Court will not necos or in alion countries, which hand sarily absalve directors from lia- already established, or which bility, oven though it bo satisfied should theroaftor establish, a place that they have acted both honest of business in the United Kingdom ly and reasonably, but the Court || must also be satisfied that it is Jair towards all parties concerned that the directors al:ould be so absolved. Thus where, as in tho two cases last cited, the directors have acted on the erroneous, or
(From Manila Papers.) · fraudulent, advice of their Soliei- tor, although they honestly bo
Washington, May 13.-Presi: lieved they were entitled to act as dent Taft and former President they did and behaved reasonably Roosoveltare still in Ohio, on the in first Booking the advico j
atump. The speaking-tour of of their Solicitor, they would oach has been greatly lengthened not be relieved from liabi- lity for misapplication of and the fight for the control of
thestato is the bitterest that lios
the funds of the Company, unless been witnessed so far between it were obviously fair to the the two factions of the Republican Company that they should be
party. The batting on the resuÍLA
relieved. "A trustee who employs continues to favour Roosevelt
'un ogént must, according to the
English
Mail.
2nd April-Inverclyde, Kitaon
Switzer Solano, from Manila. Tackyuon, from London. Tanchoonson Chop Quansong- chiang, from Singapore.
Thun, from London. Trador, from Bombay. White Passenger "Chiyo Maru," from Shanghai.
Yuonxuong, froin Saigon. 0038, from Foachow. 1158, from Tientsin.
Hongkong 17, May 1912. J. M. BECK, Superintendent.
Great Northern.
Hongkong, 18th May, 1912.
Froiglit and
Passage
H. W. D: 3BALLARD,
Acting Superintendent.
NORDDEUTSCHER
LLOYD..
BREMEN.
IMPERIAL GERMAN MAIL LINES.
Fon
STEAMERS.
NAPLES, GENOA, AL-
GIERS, GIBRALTAR, Į BULOW SOUTHAMPTON, ANT- WEBP & BAYDERG....
SHANGHAI, TSINGTAU,
KOBE and TOKO HAMA .............................................)
MANILA, YAP
MARONN. SAMARAI, NEWGUINEA, ERIS- BANE, SYDNEY and MELBOURNE....
Capt. II. Forres
16,000
DERFFLINGER 17,000
Capt. F. Proschi
COBLENZ
Omps. L. Klugh int
TO BALL OF
WED'DAY, 29th May.
At Noon.
About THỦ EDAY,
Boch May.
BATURDAY, 18th May,
6,789
At 5 V,M.
About TUESDAY,
28th May.
6.7,60
(SATUR. 18th
KOBE and YOKOHAMA (PRINZ SIGISMUND
1 Capt. 1). Lonz 0,000
{BORNEO
·
List of unclaimed telegrams RUDAT & SANDAKAN...mbill lying in the Great Northern Telegraph Company's office at Hongkong:
Anatolia. Bowhangohong.
Chaney, E. A., Hongkong Hotel, Chunhingehan, Wing Lok St. Cudahy, Hongkong Hotel., Cheung 243 Winglok Street. Frater.
Gohkangoo Sienyu, Kuecheong.
Mongini, Hongkong Hotel, Pderson Bradley. Weedil.
2400, 3141, 1781,2408, 0000,
7115. 0852.
2050. 4637, 6108.
H.K Station 17th May,1912.
E. V. JESSEN, Acting Superintendent,
WATER RETURN.
Lovel and Storage of water Reservoirs on May 1, 1012.
in
| Tientsin-Por, * Cheongshing, 23rd | Maru, Patrocins, Stentor, Tau-
May, 11.1.
cor, Khezun, Olb April-Aki Shanghai and North China-Per Maru, Aubrio, Bayern, Glenesk,
Chinhus, 88rd May, 5 r.
Hon, ladramayo, Persaus, Sensoal, So, Auny and Fouchon-Por Spacin Byrio, India. 12th April.
Batán 24th May, 10 AM Benverch, Bulow, Emest Simons, Tim r. Aux alia, Ta mania and New Karougs, Moinnin, Yorck, Africa, 16th)
Zealand-Per Eastern, 25th April-ly Maru, Annam, Por-3883, 0088. Many, 10 A.K
methous, Badonis, Kina, Benlarig S:raite, Burmah, Ceylon, Ade- | Denbighshiro, Mamnon, Nore, Pers, laido, Western Australia, In-Touraña. 23rd April-Beaglos, Bento- dia. Aden, Egypt, and Europe | mond, Derdante, Glamorganshire, via Brindisi. Late Letter Jason, Pakling, Patricia, Peleus, 11 m. to noon. Extra Proused, Vladimir. 36th April- Portage 10 cents.) (Bapple- Gosben, Jesario, Mishima Maru, Nem, Aliou, Alghar Prince, cary mall on board ap to Prinzess the time fixed for departure Suovis. 30th April-Blomfontein, of the wail Extra Postage Brasilia, Hirano Maru, Tuunkai, Alexis, 10 dents) (Lotters posted Nekas. 3rd May Ajax, Australien,' la all the Pillar Box ir Monmouthshire, Nabia, Simla, Tran time for the first olamance Nusbar. 7th MayBezolonel, Desf- will be included in this con flingor, Gleulooby, ladmasamba, Begoris, tract mail) The Parcel Telemsobus, Arcadia, 10th April | Mail will be closed on Friday. | Palgravia, Dumbar, Kaga_Maru, Tyamainai "it was the intention of the telegrams from Mexico announce
24th May, at A p.m.-P. | Lutzow, Puibo, Tango Mara, Theseus, Tytem asli, in below fuglu balow
Bysvaih Legislature that he should be let that there has been a volcanio
Devanha 25th May: 11 cm Africa, Indrarelli, 11th May-Glenroy, Ty Inter-17, 101n. Ialow 9ft. al. below "off that" (Davis y Hutchings at outbreak in Colims followed by Philippine Islands-Per Loongang Idomenes, Polynesien, Silesia, Suma-ongensief 10ft fola, below of cin, below
| Sambis. 17th May-Alcinons, Austria, p. 305).
25th May, 1 r.m It could certainly not be
a severe ahock of cartliqunks.
changoverdos North China-For tra, Don of Glamis, Kalomo, It is reported that the town of Shaughs and considered fair to the Company Zapathan has been destroyed but gibal rei, and Tientsin--Per Hui- Socotra 9th April-Argonia, Dambas, tam Eyewash
STORAGE GALLONS. Anhui 25th May, 5 r.m. Arrivals at Homo-1th April----
2017 if, through want of diligence in the extent of loss, of life is not
Tytan. .............
£07,000 ascertaining the law and their
elow, 27th May, 8 P,W, Parsia, Kamo Mari, P. E, Friedrich. Tam Intarmadlats 0.15,000 known.
Swatow, Amor, Formosa and Foorbow 12th April-Patrocles, Siem, Tencer, Wong-nai chung
Pokfulam m
10,101,000 own duties, directors were relieved
$15,500 from responsibility for misapply-inhabitants and is located 21 Zaphotban is a town of 18,000
-Per Haiyang, 28th May, thena, 10th April–Ambris, Aki Maru,
Totalran ·204,004,000 10. A.M. ing the Company's funds. It is, miles northeast of Colima.
Yorck.28 April-Inverclyde, Spazzia, Consumption, of water in the City and "HBl"Di and Burmal-Par Fazilka, Africa. 20th Apríl-Anusm, Touraine, rica during the month bf April 19es.
28th May, 4 P.M.
Atrena. Brd May--Melasus, Memnon, Coumption 107,077,
117,440,003 gallus Mishima Maru, Til May-Glamorgan-option $1,100 Straite, Burnab, Ceylon, thire, Jason; Karanga, Preussen. Comption par
5/9,00 Ado'aide. Western Australia,
head per day...1_16.5. Intermittent supply by Míder Misina in Rider Main 10th Apr.l-Australien, Glenlooby, India, Adon, Egypt, and
Prizes Alion 11th May-Suerfa, River Mais districts up till 4th April, the Constant Districts during Aprilisis. Intermittent Supply by Евторе
Naples,
'ordinary rules of law, ba
slightly.
it
rosponsible for the auts of the
sgont. I do not think that,
therefore, vory necessary that a director should make himself
auquainted with the low, to assist
him in doing which these pages have been written.
Volcano in Mexico.
San Francisco, May 12.—Brief
Tang to go.
Straite
Peking, May 13. It now looka
as though it would be only the question of a short time until]
Poreign Corporations, Tang Shao Yi of Yuan Shih Kai's| The existence of a foreign cor- cabinet would removed. Strong poration (by which, in Hongkong, opposition to him is developing is meant every company, British and powerful interests are work- or otherwise, which has not boen ing for his official head. He is incorporated in the Colony) as credited with the deadlock that an entity, and its right and now grips the international loan liability to sue and be sued in its negotiations, and those who fear corporate name, has long been that farther financial strain will recognised in British Courts. Imperil the peace and stability of Buch existence has been expressly the Republican regime are loud in recognised in the United King- their glamoura and deep in their dom by Beations 274 and 275 plotings for his throw.
German
Mail.
Siberian
CITY AND HILL DISTRICT WATER
WORKS LEVEL..
TOFF.
May, at noon.
"All the steamers of the European Lin. are Aited with Wireless Telegraphy, New System of Telefunken..
For further Farticulára, apply to
NORDDEUTSCHER LLOYD MELCHERS & CO.,
GENERAL AGENTS, HONGKONG and CHINA.
Hongkong, 16th May. 1912. -
DOUGLAS
!
STEAMSHIP CO., LD.
Hongkong-South China Coast Ports.
Highest Class, Fastest and Most Luxurious Steamers on the Coast, having' splendid Accommodation for Fint-Class Passengers. "Electria Light. Excalloub Cuisine.
`FOR SWATOW, AMOY AND FOOCHOW AND RETURN. (Occupying 9 to 10 d·yı)
STEAMCHITE
CAPTAIN
LRITING,
HAICHING... | W. O. Passmore | TUESDAY, 21st biny, al-11a.m. HAITAN J. B. Roach......... | FRIDAY, 21th May, at 11 A... HAIYANG J. W. Evans......... | MONDAY, 28th May, at 11:4
· During the months of Junó and July.—Ro'uzg'available for thras mouths
will be issued at in reduction of 20 per cont, on the usual rate tɔ Fodolion.
FOR SWATOW AND RETURN. (Occupying 3 Days).
saft enim shelow sift son, below HAIMUN... | A. H. Stewart...... | WEDNESDAY, 22nd May, at 11 A.M.
Steamor will arrive ai, and depart from, the Co.'s Wher near Blake l'iar.
For Freight and Passage, apply to
2012.
overflow
overflow
Overflow
Overflow
mediate
averfow
Overflow seft. Gin. below soft lip, Pokfalu overfo
OVETROW
overflow
below
201
...
Douglas, Lapralk & Co.,
General Managern."
$5.220,30 21,405,000 THE EASTERN & AUSTRALIAN
170,000 148,300,000 16,959,000
7,471,000
$56,897,000
(Letters posted in all the Melons, Telemachas. 18th Mayla il districts from the tyth Prilepis
KOWLOON WATER WORKS LEVEL.
Pillar Doios, la time for
the first clearance will be Included in this contract mail) Lats Letters 11 to 11.80 a.m3 Extra postage 10 cents) Per Prinz Batlow, 29th May, 11 M
Shanghal, North Chius, Ja- pan, Untal States, Boath Americs and Conds via Vancouver (Europe via" 814 beria) Par Moniqgle, 14
Nubia. 17thalay-Kága Paito, Trangusbat
Baromelor Temperatum prese
Humidi
Marde
Kowloon Dra) 15 x*:
"vitation "Re- "Below, sevelt overflow
1913
Below overfor.
STORAGE GALLONE
Kowloon Gra
vitation
SIR
243,940,000
STEAMSHIP CO.,
LIMITED.
Mail Service to Australia,
Steamer
MAIL SCHEDULE
(SUBJECT TO MODIFICATION).
BMPIRE........................................
ST. ALBANS........................sasi?
Arrive Hongkong from Australa,.
Slot Mog.
28th Jane.
Leave Hongkong
for Australia,}
25th May. 22nd Jane.
The above Steamers are fitted with "Befrigerating Machine plentiful supply of Ion, Fresh Provisions, etc., and are lighted Electricity. All Btate-Rooma bave Electric Fans. As dalyk Consumption of water in Kowloon during the⚫nd Stewardess are married. || month of April, 1915.
For further particulars, apply
May at 17th
am. .20.78
p.m.. 20.72
78
Si Palin Works Den
Consumptioning R3,040,000.
30,350,000 gallons
Consumption
Pris: Jovernmení. Analyst,"reports show that the
20th July
Gibb, Livingston: 4