161
Saturday the 4th August, intelligence.bnd reached Yokohane from Osaca, to the effoet that in three engagements the traps of I the Tyton had prevailed against those of Cho shiu.
The scene of action was Oshiman gouri, in the province of Soowo, one of the two provinces, composing the estate of Mori. The troops engaged on the side of the
Ty- coon were 5,000 or 6,000 men under com- mand of Matsdzira Ofing kami, and some
two
The Honorable John Dent, Esq., Chair man of the Board, presided.
Before commencing, Mr C. H. Storey begged to ask the Chairman whether there was auy probability of the proceedings of the day being invalidated by the full period of notice of the meating, as required by the Articles of Association, not having been given,
The Chairman read out clanse 40 of the Articlca, by which it appeared that "14 were required to be daya at the least"
He then referred to the date of the given, advertisement, which proved to be the 4th August, but the Manager intimated that the announcement had appeared on the ever- ing of the 3rd.
to
the "legal" opinion, and as
adviser arrived, anly
Conday would be to pit, the cretion, to the Meeting. This was accordingly sleue, and it was unanimously decided to proceed to business.
THE CHINA MAIL.
careful Audit. The must again he pardon-lucorporation, which His said Excellency the Goy ed for referring to the Agra and Master-ernor has consented and agreed to do, under And man's Report and would read what the subject to the condition, restrictions, avil provisiona hereinafter contained: He it therefore enacted by Auditors were there required to certify.
This said Excellency the Governor of Hengkoug, "We have examined the preceding State-
with the Advies of the Legislative Council cherent, ments Nos. 1 and 2 (Balance Sheet and
as follows:-- "Profit and Loss) with the Books, Vop- "chers, and Securities at the Head Office noe in London, and with the detailed Returns "and Balance Sheets siguel by the Auditors 16 of the several Branches, and we hereby "certify to the correctness and satisfactory character thereof." His question was whether the Andit was a careful one or a were matter of form?
The Chairman in reply stated that he was convinced that the Honorable abareholder had made his rearks and put his questious in the most disinterested spirit, although the exiding or so of them might doubted, Aa regarded the acts being giuaker defail it was not the rendered in. wish of this Directors to withhold any in formation which might be reasonably ex-
it customary
netted that wasnt un had to the report Any particulars not contained in the report could be had by application to the Manager
or to lurself.
The
1. Thia Ordinace rug be cited for all purposes as "The Hongkong and Shanghae Bank Ordinance." II. in the interpretation of this Ordinance, the expression The Governor shall mean Flis Ba cellency the Governor of the Colony of Hongkong, or the Gior for the time being admitistering the Government of the said Colony and the expression *The Company shall mean “The Hongkong and Shongbae Banking Corporation" and the expression *The Colony, shall mean the Colony of Hongkong and its Dependencies,
II The Honorable John Fierit, the Honorable Thoms Sutherland, Albert Farley Heard, équins, tenge and Maclean, Esquire, Douglas Lapraik, Esquire, Woldemar Nisseu, lequire, Arthur Susson, squire, Genge Jisha Welland, Beqare, Palanje Prajee, Esquire, Henry William Wood, Esquire, und Caleb Tugier Sunith, Esquire, together, with such and so rosny other persons and bodies politic
corporate as hereafter
par
viremes of way we are, or sigilates alter become Lapital, for the time being, of the Company hereby established, shall be que body palite and corporate, in name and indeed, by the use of The Hong kong and Shangane Banking Corporation," and by that he shall and may she and be sted, in all
pelpetun saccession with a Common Sent, which. may be by thein varied and changed at their peasurer
Directors at the time.
No. 1123-August 23, 1866.
of the Company by Two or more Auditors, uol being Shares constituting such increased Capital shalt ba wholly paid up within Two Years from the Certificate, to be granted as aforesaid, of one-half thereof having been paid ap, and the same shall be made to appe to the satisfaction of the Governor, to be cartiled as aforesaid.
NathFor the Yearly communication of the Auditors Report, and a Balance Sheet, and Profit and Loss Accounts to every Shareholder.
Tenth. For the appointment of Managers, or Agents, or other Officers, to perform the duties of Maungers or Agents,
band of the Governor.
Jesty's Minister has power to dotaceord | holders upon 18 favorable nature. With so. Chairman said that they could do Courts, whether of kw or of equity; and shall havo ed shall exempt the Company home the operation, afi
could not see
if
|
XXIV. The Directors of the Company shall if and whenever, they shall be required so to du, by the Governor, produce and subaut to him, or to such persons or officers as he may appoint for that par pose, for his or their fuspection and examination tha several accants and statements which by the said Dead shall be directed to be made and furnished.
XXV. If the Company shall become insolvent, every Proprietor for the time being of Shares in, the Capital thereof shell, in addition to his ability for the fount of the issun of Notes under the Fravi- sfons of the Tweifth Clause of this Ordinance," liable to contribute to the payment of the debts, en. gagements, and liabilities of the Company not only such parts of the Shares held by his or her respectively, in the Capital of the Company, as shall not have been theretofore called for and paid up, but also such further Suws of Money not extending the amount of the shares as held by his or her, as shall be requisito necessary satisfy and
Company.
XXVI In the aid Deeds so to be executed an aforestid, and in every transfer of any Share or Shares in the Company, due provision shall accor dingly be made for the payment by the Shareholders
such aments as aforesaid.
of
XXVI. In the event of the insolvency of the Company, or of my Suspension in the Payments of the Company, for the space of Sixty Days in succes- sin, or for any mumber of Days, at intervals which shalt ainut together to Sisty Daye within my One Year, or if the Company shall not have welland truly maintaine, abided by, performed and observed, all and every the rules, orders, provisions, and directjana herein contained and set forth..or to be contained and set forth in the said Deed, an to be wated as aforesaid: "Then, and in way of such case, its und may be tawil far the Governor with the Advice of the Legistative Comcil of the Colony by an Briliance to be passed for that purpose to poul this Ordinance and declare that the Incarnation hereby granted to the Compeng shall cease and determine and become absolutely void.
XI. The provisions of this Ordinance, and the provisions to be contained in the said theed of Settle- ident, or in any bopplemental Dead to be made in pursuance thereof, or to be contained in any Bye- infantry and artilly (about 1,200) drilled
Laws to be made in pursuance of such Deeds, or any in the European styl. It appears that Si
of then, shall be taken to be the existing Rules and monosaki was occupied by the Tycoon's
Regulations of the Company, except so far as the troops before the war began. Subsequent
same may be repagnant to the laws of the Colony, advices comfirm this news and add-The
or of any Ports, Towns, Cities er Places where the Tycoon's troans occupy Osina and Cho.
Company may carry on business, or 'ta the provisions shiu's forces have made an attack on the
of this Ordinance. Provided nevertheless thas no side of the Straits. They were however re- Mr Storey said that the requisite notice
Bye Law-or supplemental beed that may be made, pulsed, but not before they had destroyed had not evidently been given but that be
shall have any free or effect until the same shall several towns. In the operations Choshin personally had no objection to urge
have leru approved of by the Governor and a certi- lost
ships. The Herud gives the fol-wished, however, for a legal opinion on the
fieste of such approval have been given under the lowing latest News has arrived that a body point.
Xil. It shall be lawful for the Company to make, of the
under Skakibara and Tyccer's forces
The Chairman expressed his inability Ikanowano Kami has been attacked and de
issue and circulate Notes or Bills payable to Bearer TE
in Coin feated by Choshi's trupu Tabaigowa
hear Oshinagoor Details are not given.
an dermend jou Cotu lawfully encrent in the Colony chali ha hagitistio, and risotent, to listely, sunt dis Notes shall be issued for any other sims than the Une of the
Exels arising most importan
Sum of Five Dollars, or sane multiple of such sum out of the war is that the Gorgio bus -
or other equivalent amount, unless the issuing of quested the foreign ministers to proclaim
Notes of other aunts shall be sanctioned by the the closing of the Inland sea, antil the war The Chairman after reading the Direc, Mr Walker here asked how absent share
Governor's Provided also that nothing her cuntale is over and the Blockade raised. This,
tors' report (which appeared in our issue of holders were to inform themselves. far as British ships are concerned, Her la-
the 15th instant) congratulated the Share-
any existing or future lows of the Colony or at any by their proxies.
Port, City, Town, or Place beyond the limits of the Colony where they ny with such consent as fore- ing to the terus of the order in Council" regard to that portion of it baring reference what advantage could be derived from But what auswer Le and his colleagues will
said eutsche Bank or Branur Binks, restricting, or public 1. The company is and shall be established for to the Incorporation of the Company, he affording more information to the
the Share- give las yet to be decided On being press. thought they might consider that the Oz than hut been given, but,
the purpose of carrying on under the management of regulating the issue of such Notes, by Banks esta-
blished thevisin, And provided ulso that the Surre ed to say what was intended by the inter-dinance had passed into Law with some slight holders thought therwise they had only to a Court of Directors the business of Banking for the
express themselves so, and the Directors term of Twenty-one Years, commenting from the uters if the Company shall be sulgjet ko un'imetid diction of Europuna vessels through the alterations which were to the Compuly's Straits of Simonosaki, for awhile, the others could be little or no doubt that the few
were quite prepared to abide by the decidy of the date of this Urdinance, in the Colony inbility in respect of all or any rec issues of N-tes, advantage. In reference to the new Catal
sion, as regarded the alleged large amount
Provided alaays that nothing betein contained shall add if urvesury, the Assets of the Company shall be Togo bas replied that they are not very par- remaining shares would be taken up.
prestrier the end thompany, with the ensent of the warshatted for the trufit of the general Creditors of tionfar as to the mere passage through.
The (881,000) carried forward to the credit of
Commissioners wr the time being for executing the the Company and the Starchofters shut he battle for There is as yet no chance of the war termi- number unappropriated was unter 1900, the new actiut, such balance was only
$10,
Office of Lord High Treasurer in England," from the whole amount of such, wear, in addit on to the nating as the terms offered by the Tycan and it was the intention to arconce
liter slim of 35,573.70
ધપ to Choisiniu are not agreeable to the latter's advertisement that the period of applica being rebate on Bils ne dus, constituted establishing any Bunks or Branch Banks at London Sum for which ing are table under the utter with
or at any Port, Town, City or Place in India, Pen-general provisions of this Ordinance.* tion would expire in the Stat followers, and were therefore rejected.
instrut..
muralized profit. In allusion to
to the r-
ung and Singapore, ut in the Dominions of the Xill the total amount of the Bills and Notes of The Chiroman
conclude by moving the mones which hat reference to the transac
Emperor of China, ce of the Tycoon of Japan, in or the Coupany payable to Bearer on demand actually asluption of the Report, which was ended tion at Shaugh between their Bank and
at which any Henish Consulate or Vice-Consulate in in circulation shall not at any time exceed the by the Deputy Cluichua ( Wokicwar the Agra, be biust deny that any instruction. or may be hereafter established, and also without awant of the Capital of the Company actually Nissen).
had emanated from the Directora or Manasub consent as aforesaid trent establishing ut London paid up, and thire shall always be kept by the The Chairman having invited expressionsger here, and it was a very serious charge
Mr Walker to have repeated.
of Coin and Bullion eginal ta one-third it least of the of opinion, Mr R. S. Walker (after consider
Mr Walker rose and said that his im- able pause) rose to make a few brief remarka
pression was that he did not say that the and to put a few questions which he hoped transaction had
arisen in consequence of would not be considered beyond the
instructions uniamthing from Hongkong. bounds of pertinen, He would ventors
If be said so he begged to apologize for the to suggest that in future reports the ab.
mistake; what he
evant to say was, that the
lil acted upon I Lo Carros.-Luiters complain of trade being what
be furnished in acement,
Sons-
vate information
but Bank Agent. all, il consence of fae Fatai demander detail. He lind cord the
Fundown to the Agra present report with the last, aud
be information given in the present on less full and completo. In the case of the abstract of Liabilities and Assets it might be that it arose from a change in the male of the of keeping the accounts, but iu proof correctuess of his assertion he would peint out that in the previous abstract two very heavy sums appeared, one of
no lose
મા ચા $3.999,450.75 ander the head of assets, and and one of $1,548,219.18 under the head Liabilities. The sums were credited and shital respectively, to Branches, and Agencies.
In the present abstract Branches and Agencies did not figure at all, and no doubt these amounts had been
CILENA,
TIENTAIS.Our Tientsin correspondent, in sending us the usual latest market go- tations, remarks that, out of 154,000 pieces of Grey Shirtings Duported last month, only 5,000 were on foreign account, the remain der having bean Purchased by natives in the Shangae market. The large stocks held by the untive dentors, preclude much hope of improvement in prices. The ther
News.
,696
ونان
who waiter
mometer has continued to range highstract of Liabilities and asseta, and of Profit Manager at Sinu to himself
be remembered, had been
a
ing an excessive squeçar from a distric called Le ching, though in what maimer this afecta tie thole of Chefog is not ex- plained. The prisoner Seward Who, it n will
arraigued on charge of attempting to murder a Canton won, but had escaped, has been captured, but again camp. Freights for the South are $0.23, and for Passiet $0.31. The wes ther had been very hot lately.News.
by a
izi
than
the Chairman continued The next sub retalleto by the Hon. Proprietor waste Audit of the Company's accounts, ami all he could say on the subject was, that they book every care in the selection of their Auditors, and that the Aulit was most complete au satisfactory. They had spe- cially selected Air Ryrie because he was us, he believed, so mach as quite unconnected with the Bank, and did hold a share. The Audit was conducted with the utmost care, atul files books and securities were at the complete disposal of the Auditors for
or any such Port, Town, City or Place as aforesaid, V. Thu Capital of the Company shall consist of Five Millions of Dollars divided into Forty Thob. sand Shares of Une Hundred and Twenty-five Dullars each, and such further Capital not exceeding Two Millions Five Hundred Thousand Dollars, as the Directors for the time being shall deem necessary for the purpose of the said undertaking: And for the creation of which they shalf have previously obmined the consent of the Governor, such coment being signified in writing under the hand of the tievernet; but much further Capital shall be divided into Shares of One Hundred and Twenty-five Bellars each and be paid up in full as horeinafter meritíoned.
Agencies for Exchange, Deposit and Remittäver
of weu from the Hackuselt, the Muu merged with others on either alde of the their very laborious duties with the uturost cominence or carry on the said business of Banking, palband playing the "Dead Manch in Saul." abstract, and that a ompleting the efficiency and impartiality.
the
SHANGAAZ. The funeral of Captain Townsend of the U.S.S. Huckaselt took place yesterday (Aug. 10), and was attended br a very large number of Naval officers as well as the Consular and other official tiemen.
The procession was bulut - all, budy of
A
largo umber of followed the coilla, the service being most private gentlemen also impressively rest by the itev. . . Bat- eher, and three vollies being fired after the body had been depusited in the grave—
Observer.
account
before
found no distinct entry showing the
aware that resident Shareholders could ob tain this information from an examination
Llie
of
Į
Principal Establishment in this Colony, an amount Notes and Bills of the Company or the tins being tu circulation,-
XIV. The total amount of the Debts and Liabili- ties of the Company of what nature or hind surver shall not at any time exceed the aggregite nuova of the then existing bogd de Assets and property of the Company, and the sinn for which its sharebotiers are liable under the provisions herein contained.
XV. If at any time thea shalt be a Suspension of Payment of any of the Notes or Wills of the "Come
pany, it shall uut be awful for the sixid Cunzpazy fire
and afer the commencement, and during the enatinu- sudy of such Suspension of Payment, to innke any
trest issue of Nules or Bils.
XVI. The Company shall not Discount, or in any gamer Advance Money Bills of Recheng Promissory Notes or other Negotiable paper, ju or Japon which the name of any Dircetur,, or Officer of the Company, shall appeur us. Drierer, or receptor, either ou his individual or sepanite acostat, or jointly, with ang parinet ve partners, or otherwise than as a Director or Officer of the Computy, to an amount exceeding one third of the amount of the Sum for the time being under discount or advanced by the Company, nor sitail any Director, be allowed to obtain Cradit on his own personal guarantee.
X. It shall be lawful for tie Company not
And mutil such further Capital the raised as aforesaid, e aforesaid sum of Fiys Millinas of Dollars shal be taken to be the fixed Capital of the Company And whenever and so often as any further Capital slaul have been rised then a. Notibcation or Pro- clamation to that effect under the hand of the Governor shall be published in the Hongbang Go- vernment Guadie, and the said Sum of Five Millions of Dollars together with such farther Capital, shall thenosforth be taken to be the fixed Capital of the Company, hot with power, nevertheless, to further Drease suca Capital as hereinafter mentimed.
VI, It sudi not be lawtal for the Company to
and it shall be made to appear to the satisfactionwithstanding the statues of Mortain or any other of the fiorernor list the whole of the aforesaid statutes or laws to the contrary, to pa chase, buld, Capital of Five Millions of Dollars has been subscribed take, and enjoy to them and their success, itch for us Deed under hand and sails and that one. Houses, Office, Buildings, Lunds and Hereditaments, half (at the least) of such rum of Five Millions of as shall or may be thought necessity or proper for to be evidenced by a Notification or Proclamation on the affairs, concerns, and business of the Co- under the hand of the Governor, to be published in pay, but not for the purpose of speculation, or any the said Houykovy Government féazṛtle.
ether purpose this as aforesaid, and so as no su Houses, Ufices, Buildings or Land shall be more satisfaction of the Governor (to he evidence as afore-than the Yearly value of thirty Thousand Dailors út said), that the whole of the said Capital of Five the time of acquiring the sati", or of ste fanther Millions of Dollars has been sitbacribed, under haud Yearly value as shall be auctioned by the Governor, and sexi, before the expiration of a period of Two and to sell, convey, and dispuse of the said property or any portion or part theraut, when not wanted" for Years, loomance and its empated iron the date or this. Ordinance, and unless the whole of the said the purposes of the said business Capitd of Five Millions of Dullars shall be actually id up within the period of Three Years to be reckoned from the date of the Notification or 'ra- claration to be published as aforesaid of the payment ones thut so that wash payment in full he not in of que half of the said Capital of Five. Millions f
inspection, and examination. He was com viced that these gentlemen had performed If the pro- would pristors would look at the original copy of bstracts they would see that it was explain this appearont discrepancy. He certified to by the Auditors: This Certi- liability on their issue of notes. He was ficat might have been appotted to the Pollars has been actually pain of such satisfaction the purpose of managing, conducting, and carrying
printed report, and he saw no objection to this addition being made in future cases. cimilar manner as on the last occasion, was (The original Abstract, certified to in a here banded round to the proprietors for inspection) He lived he had now re plied to all the Hon. Shareholder's re- marks al questions, scept one of Jetail connected with the Abstract of Assets and Liabilities, which he would leave the Ma- niger to explain.
of the monthly returns in the Goverment Niserot on the 14th, a fire Gazette, but he thought the report would broke out on board a large Shautung juok
be bure complete if the item of notes were rtially laden with a valuable cargo formiade a distinct entry in the balance Sheet the North, 1oored off the concession at
Abstract: would
fle
also sug
suggest in regant Ning, which
the Profit and Loss Abstract tha6, in. quietly enveloped the whole
to the Pr deck in a shee
miss approached the bridge of
the gross profits should be stated an e of boats, great Icars were entertained for this useful struc- one-side of the account and the interest Mr Kr
Mr Kresser explained that the account ture; but the
the vessel
grous expenses on the atlier
head in the previous statement Bran alore a few guda below the budge, which in sapport of the reasonableness of the
ches and was deluged by the sparks, while the woo-
suggestion he produced the last report of the sake of simplicity into those headed gonies had been merged for the Agra and Masterman's Bank, which
sheet of tane. As the burniture place of the nett profits only being
on the
abit
and
VIL. Unless it shall be made to appear to the
XVII. All and every person and persons, and bodies, politic and corporate, win are or shall be otherwise competent, shall be and are hereby authorized and empowered to grant, sell, alien and Company and their successes, any such Houses, convey in Mortmain unto, and to the use of the
don fees on the beach stood in immer supplied those particulars to its Share "Adangs Remittances and Exchange Au-any case delayed beyond the perd of Four Years, fices, Eands, and other cruditamesta, whatsoever
danger of taking fire and communicating the conflagration to
to the foreign settlement.olders. Fortunately however for
it
happencil
1 other reports, among whi the community, the China Fire Insurance Company's
culeation of foreign but Owing to the
Sh
IX. The remainder of the Instalments on the Shares constituting such further Capital shall be wholly paid up within Two Yeuch, in be reckoned from the date of auch Notification or Procination Gan to be published as aforemid) of the payment of dina hail of such further Capital; and that the same. shaho made to appear to the satisfaction of the
over to be evidenced as aforesaid.
as aforesaid accordingly.
XIX. It shall not be lawful for the Company to snake ny purchase of Musstages, Lands or Dere ditaments in the Colony or elsewhere, beyond the annual vains of thirty Tironsand Dollars at the time of acquiring the same, or of auch further a nual value aw shall be sanctioued by the Governor and when and any such purchase shall be made by the at case, within Three Calendar Months from sho Company, the Directors of the Company shall, int making and Competing of any such purchases repots the same in writing to the Caverns, stating the amount of the purchase Mees paid for the same and giving a description of the lands and Heredita dients so purchased, and much other particulars relating thereto as may from time to time be required by the Guversor; and in ca ang Hereditamenta so purefaced be re-sold by the Commriy, they shall with Fourteen Days after every mile, give notice in writing to the Colonial Secretary of the Colony of such re-sale, and of the price obtained for
the same.
to be reckoned from the date of this Ordinance);, it He also had with him several
which
Tho Chairmen now proposed that they shall be lawful for the Governor with the Advise of might nume
propel to alter the Auditors for the Legislative Council of the Colony, at any time the energy displayed by Messis Dent
thereafter, by na Urliance to be passed for that the coming half year, whereupon, C's agent in bringing their nee engine to
the Peninsular and Oriental Company's
Alr Walate, roseau Rid. that after this purpose a repes! this Ordinance and declare that the the Bache of the disaster wist astonishing
Neither he nor any other Shareholder e
remarks he had made is might not be out Encorporation hereby granted to the Company shall rapidity averted the impending eatastrophe. quired to know anything that they ought
of of phe, in order to show
grace and deternitie and become absolutely void. his continued It is reported that
not be tuld, nor
confidence in the Honorabbs
VI. titil as herein before provided for, the Mx Wils situly a plant, by which the owners, nettel twelve
of which the competitong the publication
Kuuria of the Bank wight My Phineas Ryrie, for him to propostes Visfies title or Procianalin under shall so publish in the frongkong Guvegis hundred tasis at an expense of some nine
turn to their o
> mntight own purposes; but he th
Biro re-election of the two Gentlemen-
his hard, that one hell of suci further Capital has thousand taels to the unfortunate shippers that the Abstracts might be made rather
which he had great plastre in doing been paid up, this Company shall not be entitled, by after this
aore fall willout injury to the Bank. swiss.
Hosman having secumded this resolu
advertisement or otherwise, to held nut to the by the absence of all allusion large janis presumercial Bank, that either they
it was manimously adopted.
Puble that the amount of its Capital has been at Ningpo, as elsewhere, are at a discount to
to the
The Chairman then suggested that the red. and so much is
i were not involved with this establishment, this now the case list,
Auditors remuneration be
decided upon, the
or that some set off bid hem arrangel. present instance, a junk costing origi
when it
Bosman and was proposed by Mr Busi nully me twelve or fifteen thousand tals
He now came to that part of the report in which the name of the Age of Plast Recorded by ir Desam, and carried-nnaui- was sold for the sum of eight hundred.
man's Dank was introduced, and he would.usly, that the auront be left to the The ingenious purchasers at once went to
decision of the Board of Directors, work to collect fight for the North, and
like to know, if it were cnivenient, what
A conversation then ensued in which they had so far scouta
to obtain a
aumint the Bank stood to lose in all, sug-
Mr Storey, Ale Pollard, and others took
XX. Except for the purposes aforesaid it shall cargo for which two thousand tasla ireight posing for the sake of salonlation that the
part, regarding the rannneration to the was paid in advance; hen the fire, where Agra paid nothing in the Pound. If he
Dieters for their services, when it was
X. Within Twelve Calendar Months from the not be lawin for the Company to invest, hy out, by the owners are relieved you the trouble understood the report entrectly where was
date of this Urdiminge the persons who shall have employ, advance, or embark any part of their Capital and expens
ense of making the junk seaworthy
ather a large sum of say about 481,000 anally move by bir C. H. Storey and se-subscribed for at least one hdf of the said Capital or Funds in the purchase of any Lands, Houses, or and prosecuting a voyage, the freight to bu
utlier real property, nor in any trung e mercantile Five Millions of Doilars, shall, to the satisfaction carried forward to racet the contingencies coded by Mr. U.. Lambert, "That the Agencies Shareholders, feeling law mach the ows to
speculation or business whatsoever (at usually earned by which remains their own hot-
of the Governor, to be evidenced as aforesaid, enter the Agra to under this head and supposis in the.
the exertions of the Directors regret to ob-
considered as falling within the ordinary and legiti bato and execute a Dead of settlement (and, se s withsanding The plan is fully equal to pay their Creditors 15 any that we have heard it with a view of
serve that they have still deferred their ich such perenu so executing sinal held at least anater purposes and spentions of a Rinking Establish pound (which was the most unfavorable chaim for remuneration.
But whilst apvn shares in the said Capital), which Deed of ueni), but it shall nevertheless be lawful for the reaping the sure profits oiered by an L-view he had fieard of the probable result of preciating their forbearance request them petelement shall be filed with the Registrar of Con- Company to take and accept any Lands, Houses, or
Hability of early Lass, which appeared
date thereof, wirereby provision shall be made fir the winding up) $831,000 would represent a
amount they have fully panies within Twelve Calendar Months from tlio other real or personal property in satisfaction, liquida- tion or payment of any debt absolutely and band fide darrying on the business of the Company by a Court previously due and owing to the Company, and also of Directors to tie elected by the Shareholders of the to take any tortgage or other lien or charge on real Company, as by the said Deed shall be provided, and or personal property security for any Monies: until zu election, by a Court of Directora i be actually and bond fe previously due to the Company, named in the said Dad, and whereby provision or for which any person or persons may have rendered shall also be made for the payment, by the Share-
himself or themselves able to the Company, and to Holders, of all Monies to become dus in respect of bold such Lands, Houses, and other real and the instalments on the shares taken by then, and personal property respectively, for Bhich reason deo of such further or other Sums as are hereinafter able time na shall be necessary for selling and dispos- provided, and in which said Deed of Settlementing of aud converting the same Into Money. skull be contained (in addition to all such further provisions as shall be by the Governor considered neccesary and usual, in like cases for the management
a paly, in profetes to unnies the risks of precarious grade.
HAYKOW.The Chinese prophesy that the 8th instant would mark the highest 1int of the river's rise, le bon fr from receiving te stres fibilment Blood certainly craset out that me to The awell at the rapid rate of iron
per
to 4 inches
day, at which it had previousty risen ; and since then the mession has be scarce
While
accept the
earned and are enticed to under the deed
of settlement.
This resolution having been submitted to the Shareholders and inanimously car
it, the Meeting separated.
(From the Hongkong Government Gazette,)
to him to be a very heavy sum the subject of the Agra Bank he would wish to know whether there was any trail in the current report, that in consequence
nce of private information sent to the Agent of the Hongkong and Shanghae Bauk, heme- a large amount of Bills on the of the Bank in Hongkong and Lou- don to the Agent of
Agra Bank at ly perceptible, save to oceful onservation Stangue, who
the fai- upon the several Yanguez meters which
lure of his Bank, it being the intention vi have been improvised by members of the
the Hot gkong Bank, in place of honoring the community.
Considerande duge ins Bills, to place these aunts as a set offin RICHARD GRAVES MACDONNEL, KNIGHT, C. I of the Affairs of the Company) provisions for effectu been done to foreign property in and about against a debt or debts incurred by the the settlerent The only accident we have to record is that to a free couize the Agra Bank with the Hungkung Baik bo-
poited,
uisery,
of the former. He
Jac
M.
ti fore the of the muni emplay of
Suspension cipal
who having beall incautious enough to walk to close to hoped that the Obairuan gould contra liet
if not to to the report altogether for if the exige of the submerged band, fentio, Walker, could not bat thick it was a most and was instantly carried away by the unforthe transiction. There was als Maler current Hut should be wate substle slowly, we must look forward, it is
a report that the Bills on Hongkong dad since been honored, and he only hoped that tal, ured
serdi wesis of during
which it wit be too mut to love
it was not too late to arrange that those in. Ա
Uk
Lomion should be similarly treated. You shallow to continue to i yet You
His concluding question had reference resort to our prosent pleasant aberative of locomotion in bas
to the Audit, and he would preface it, by Tae stagnant fou under une lenses will, wo very saying that it was absurd to suppose that mach fear, prove a stove of seriousan
any remark or question he or any other nogance if not of actual danger to wealthShareholder might put could be intended and lite.Hunter Can
to convey any want of confidence in such i
Plz samo direction, anul such Auditors. remark equally applied to their Manager, whom they all held in such respect and esteem but it must not be forgotten that he could not be with them for ever, and ou his (Mr. Kresser's) aconuut he would not wish such a thing. In choosing at some future time a successor to their prosent worthy Manager they might unfortunately and without knowing it, elect a second "Redpath" and hence the necessity for a
HONGKONG AND SHANGHAI DANK- ING COMP NY, LIMITED. The ordinary half yearly geral Meet- ing of the Shareholders of the above named Bank was held at their Head Office, Ward ley House, yesterday, for the purpose of re- ceiving the report of the Court of Directors, ogether with state nont of accounts to
he 30th June, 1806.
HONGKONG-ANNO TRICESIMU VICTORIA REGINÆ.
Governor and Commander-in-Chief,
No. of 1866.
As Ordinaice eggeted by tis Governor of Hongkong, with the Advice by the keysaling Council theruif, for the incorporation of the Hangkong and
Snghue Banking Vompany.
ating the following objects, that is to say
First. For holding General Meetings of the Company once at least in every Year at appointed time aut place.
Second For holding extraordinary General Meet- ings of the Company upon the requisition of Nine or snore Shareholders, holding in the whyle at least
Two Thousand Shares in the Coagany.
Third.For the management of the Affairs of the Company and the election and qualification of the Directore.
19th August, 1866.] Whereas the several persons hereinafter asred and others have agreed to form a Joint Stock Com- pany under the name or atyle of The Hongkong and Shanghae Banking Corporation," for the pur pose of carrying on the business of 'anking and of uniuating all business usually transacted by Bruk are: And Whereas for the purpses of establishing and carying on the said undertaking they have agreed the Capital of Five Millions of Dollars divideЛ- into Forty Thonsgud. Shares of Ons flandred and Twenty Five Dollars each shall be mised in the brai instance with power to increase such Capital to the extent and manter hereinafter mentioned. And Whereas the stid several Persons have for some time been carrying on the business of Bankers as an SerFor the verification of such statements, unseegistered and incorporated Company: Aud tund for the furnishing of such farther information is Whereas for the better accomplishing and carrying the sail Governor of Hongkong tasy require, respect into effect the object and purposes of the said coming the state and proceedings of the Banking Esta fny they have applied to His Pollency the Gov. blislinents of the Company in the Colony or eles- ernor of Hongkong to grant to them and all other?| where.
Fourth-For the retirement of at least one-fourth of the Directors of the Company Yearly.
Fifth. For preventing the Company from pur cbasing any shares, or making advances of Money. for securities for Money, to any person on the security
of a Stufe or Shares in the Company.
Slath.For the publication, as shall be directed in the said Dead, of the Assets and Liabilities of the Company, and of the amounts of Promissory Nous in circulation, and of the Coin held in the Establish- Pts of the said Company in the Colony or else- where.
the Subscribers of such Capital an Ordinance of Eighth. For the Yearly Audit of the Accounts
XXI. It shall be lawful for the Coravany to sell, dispass of, and convert turs Money, and Goods, Wares, or Merchandise, which shall or may be taken
by then fu satisfiction, liquidation or payment of
any debt And also to sell and convey any hands, Houses, and other real property whatsoever, (tonda, Wares, or Merchandize, which they shall or may have acquired in manner aforesaid.
XXII. It shall be lawful for the Com, any fron time to time to extonif, or increase their Capital for the time being by the creation and sala "of new Shares, in the manner to be speciâed and set forth in the Deed of Settlement, to be prepared and executed as hereinbefore directed, sn as the same to made with the consent of a General Meeting of the shareholders of the Company to be apecially called for that pur- post, and with the coisent previously obtained of the Governor and under sech conditions and pro- visions as he shall think fit, such couscat being evidenced as bereinbefore provided for with respect to other requirements of a like nrture, and so as the total amount of the Capital of the Company shall not exceed the sau uf Ten Millions of Dollars and until it shall hu certified by the Governor in like manner as aforesaid tlust one half of such new Capital häs heen so paid up, the Company shall not be entitled, by avertiaduent or otherwise, to state or held out to the public but the amount of the Capital has been increased..
XXVIII. Subject as hereinafter mentioned the Company say be wind up by the Supreme Court of Hongkong in its Equitable Jurisdiction and ali the provisions of The Companies, Ordinance 1865 with respect to the Winding up of Compaties registered thereunder shall apply this Company as if expressly re-enacted in this Ordinance save and except in such respects as the same may be altered"
or modified as hereinafter mentioned or provided
for:
1. The circumstanesa under which the Company may be wound up are as follows; that is to
In the event of the cotopany being, dissolved," or ceasing to carry our business, or carryi ġ on busivess. only for the purpose of winding up its affairs..
8. Whenever the "Company is unable to pay ila debts. just and equitable that the Company should be Whenever the Court is of opinion that it is
wound up.
i
2. The Company shall be deamed unable to pay its debts:
A. Whenever a Creditor to whom the Company is indelted, at Law né in Equity, by assigament or otherwise, in a sam ixreeding: Three Hundred Dollars the day, has served open the Company, by leaving the ama at the principal place of business of the Company, or by delivering to the Maunger or sorge Director or principal officer of the Company, or by otherwise, serving the sacie in such manner a the Court may approve or direct, a Demand under his hand requiring the Company to pay the sam se due, and the Company has for the space of Threa Weeks succeeding the service of such demand. neglected to pay such Sum or to secure or.compound for the same to the satisfaction of the Creditor.
Whenever execution of other process issued on judgment, decree, or order obtained in any court in favor of any Creditor, at Law o in Rgnity, in any proceeding instituted by aqch Creditor against the Company.
C. Whenever it is proved to the entisfaction of the Court that the Company is unable to pay its debts
XXIX. On the determination of the Term of Twenty-one, Years from the date of this Ordinance the powers and privileges kesinbefore conferred on the Company shall cease, less the Governor with the Advice of the Legislative Council of the Colony declare to the contrary and by asi. Ordinance to that, effect authorize the Company to continue incorporated under the aforesaid provisions for a further term of Ten Years, or for such perind und ander such provj- sions and conditions as may be contained in the same
Ordinance...
XXX. The Incorporation of the Company by this Ordionuce shall not affect or prejudice Lite Liability of the Company to have enforced against 15, or 114 Members, or its right to enforce, say debt or obli- gation incurred or any contract entered into, by, pa with, or on behalf of the Company previously to Buch Incorporation, but the Company may sue and be sued in respect of all of any such ebt or Iebla, Obligation or Obligations, Contract or Coutricts, by or under its Corporate name and in precisely the same manner as if the Debt, Obligation, or Contract had been incurred, made, eutered into after the Incorporation of the Company by this Ordinance.
Passed the Legislative Council of Hongkong, this 14th Day of August, 1966.
L D'ALMADA & CASTRO,
Clerk of Councils.
- GOVERNMENT NOTIFICATIONS. |(From the Government Gazette of 11 August.)
It is hereby notified, that The Queen bab been pleased to grant the necessary Ex- equatur empowering Julius Menke, Esquiro, to act as Oldenburg Consul at Hongkong.
By Order,
W. H. RENNIE, Acting Colonial Secretary. Colonial Secretary's Office, Hongkong, 10th August, 1860.
From the Gour. Guzette, 18 August, 1866. It is hereby made known, for general in- formation, that no Chinese Port not bither- to opened to British Trade, is henceforth to be considered as opened-without a formal Notification to that effect.
By Command,
WH. RENNIE, Acting Colonial Secretary.
Colonial Secretary's Office, Hongkong, 16th August, 1866.
Return of the average amount of Notes in Circulation at the Bank of the Oriental Bank Corporatiou.
Notes Isaned,
Specie in Reserve,
$320,600
. $150,000 Chartereil Mercantile Bank of India, Lon-
don; and Chins,
Average amount of Notes in circulation,
Specie in reserve,
$335,441 $200,00 Chartered Bank of India, Australia and
China,
Average Notes în circala-
tion,
Specis in reserve,
$33,800 $39,800
$607,050
$460,000
XXIII: The remainder of the instalments on the Hongkong and Shanghai Banking Company.
The words in italics were introdunod by the
Governor.
Notes issued, Specie in reserve,
No. 23-Arċ
NOTES ON THE 20 August,
Tux buseof the we much animation and th quired after wers Cami For a fair assortment o were paid untives. would doubtless soon be anxiety to quit were ev of holders.
Cotton has been in lit tations.
Hongkont and Shang] pany Shares have been than for soc tame past a former rates had been e- are several bubra in cant discount, and sales are reported to have is rate.
Long Ells were in iug figure is obtainable fe rive.
for Grey & The demand have subsided.§.
Steel in Tubs has been has been in domard of last week and bolders would submit to fartbe
LoAugust,
Cotton. Although the mand lately prevailing he holters all but subskled at anything below quot business of
Py
Shirtings. 4inent
sa
chop has been rected a There is no dispusition or natives to concede the ad- tablished, all lower
price be accepted & dele: to in
Camlets.-
rejected
22 have good ag fely offer by haldes in a Imperi hands at $1.40.
early lig
cager
pill pr
msuits to easily obtainable
Listings a botigue and meet with heady au
Telvet-cosiderable
Was
se in me
Rice has deled still account of the late showe cargo of Saigas quitt Bank Sluts Eve been and no sale of a impozit
djust,
...
www.
Cotton-Banton baya drawn from hearket, bug being te b for sp- no business of import
Shirtings not he= Natives whausing the stocks too large for their deavour to ge- sarplu sure depress the narkēt.
Paths he better being scarce dil compe The hiputs our Por disposed
of ring to the s
w: affected in rket.
Camlete cucine to be Lony Elisfug been da large extent toptrive ai $1.50 for Asoful Colos
Bricules
wth moder Hairy 2 tuned for isces on prices to arrive, enure a ment.
Veleets codingte in den Nait Rudul has been and about 10 bal
I passed
€3.35
per
C prices, the
of rii sopivua drenched therape asertling ads of
sers, hence, mal nach
proces ion shy
Hongligan Shangh pany's Shank eve bec aster at 1 pace discou dispositioned showp bolders to fit that war establi heen done ap
THE Busines of the di interfered by the French Ma
Cottonkle of a fai hac took pla24 25.
Shirtings re freely b
utine in
for
better rate be o eity of theiff is the amount of Busiess trac past fortnight.
China
A BUD assorted colis tad propo into the hands of natives a good deed for simile pash fri-The posed to concede the su in the earl art of t prices were offered and cents for English and $1
Habit-c'ct) he been so Nailrod on Boutique $3.30 is freely bug offe
Rice S
taken
withs of
Bank
prices
Anotatic
rales o
cela ut parare corded, demand for more at the
Trader's eumduce Sho par but alt afsale at 1 place, holders are disincl at a premiuni,
Steam-Shares have sli They are bug offered Count, at which rate a fe have occurred.
NOTES ON J
IX. Continie
But the great attracti lies in the beauty and in rounding country, which Most wonderful advantag destrian and horseman an Tally level character, and cent of the hills, the roa ale very long are suffici long excursions into the i
parties which is say lake'a'différent walk over Bud everywhere will and
constant variety of cha
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