1740 ORDINANCE No. 6 OF 1883 .
Tramways.
in respect of the tramway numbered six in the said Ordinance) without paying
any valuable consideration therefor and upon such terms and conditions as the
said four promoters should think fit The capital of the company was $500,000
divided into 10,000 shares of $50 each The company was duly advertised and
subscriptions for shares invited up to the end of the month of September last
The amount of subscriptions however did not come up to the company's
expectations and was not sufficient to float the company successfully The causes
of this are not far to seek They arise no doubt from the present state of affairs
between France and China and the deplorable depression of trade which is now
existing In fact there could probably be no worse time than the present for
floating the undertaking Under these circumstances we are requested to apply
on behalf of the company for the consent of the Governor in Council to the
extension for the period of 12 calendar months of the time allowed by the
Ordinance for the substantial commencement of the construction of all the
tramways authorized by the Ordinance We have the honour to be Sir Your
obedient servants -BRERETON WOTTON & DEACON The Honourable FREderick
STEWART LL.D., Acting Colonial Secretary ' "
" And whereas to the said application a reply was received in the words and
figures following that is to say
" No. 1434 Colonial Secretary's Office Hongkong 13th October 1884
Gentlemen I have the honour by direction of His Excellency the Officer Ad
ministering the Government to acknowledge the receipt of your letter of the
8th instant applying on behalf of the tramways company for permission to ex
tend to 12 months the time for commencing the construction of all the tramways
authorized by Ordinance 6 of 1883 In reply I am to inform you that the
Governor in Council has been pleased to grant your application I have the
honour to be Gentlemen Your most obedient servant - FREDERICK STEWART
Acting Colonial Secretary Messrs. BRERETON WOTTON & DEACON"
" And whereas the purchasers lately applied to the promoters to grant to them the
right to construct and maintain the tramway numbered six in the said Tramways
Ordinance 1883 and thereby authorized to be made and all the privileges thereby
conferred in so far as the purchasers might desire to exercise the same in respect
of or regard to the said tramway numbered six (but saving and excepting unto the
promoters and the survivors and survivor of them and their and his assignees or
assignee the privileges by the said Tramways Ordinance 1883 conferred in so far as
the promoters or the survivors or survivor of them or their
• or his assignees or assignee
might desire to exercise the same in respect of or regard to the tramways numbered
1 2 3 4 and 5 in the said Ordinance) at or for the sum of two thousand dollars
which the promoters (subject to the assent and approval of the Governor in Council
being obtained) agreed to do AND WHEREAS on the 26th January last an application
on behalf of the promoters and of the purchasers was made to the Governor in
Council in the words and figures following that is to say
" T. , 35 Queen's Road Hongkong 26th January 1885 Sir We have the
pleasure to inform His Excellency that the promoters of the tramways author-