1879-12-10 — Page 3

No. 5125.-DECEMBER 10, 1879.]

houses he discharged the chair in Tai-ping- shan. Un being naked for payment defen dant kicked the chair, doing damage to the

extent of 66 canta.

Defendant admits the charge of being drunk, and says he knows nothing of what happened.

Floed $2 and to pay $1.05 amends to complainant, in dofault seven days' impri-

comment.

SUPREME COURT.

IN SUMMARY JURISDICTION.

J. J. Francis, Esq ) Wednesday, Dec. 9.

LAI TANG CHUN «. LEUNG AYON, $60

Mr Dennys for complaint; Mir Wotton, of Blessrs Brereton and Wotton, for he defondant. In this case the plaintiff, Lak Tan Chun, a native dostor, sued Leung Ayon, the well-known ship's compradore

operations alleged to have been performed by him upon the defendant. The case was laat before the Court on the 2nd inst., when we briefly referred to it. The whole proceedings of the dare are with such ad- mirable fairness, tersoners and clearness summed up by His Ho: or that we nced give of it no more extended notice than is contained in bis judgment.

In this case, he said, Lal Tang Chun summoned the defendant, Leung Ayon, for work and labour done, claiming $60 for extracting 12 tumours at $5 each. When the case came on for hearing in the first

Instance there wore two witnesses examined

more.

THE CHINA MAIL.

dividende.

and Balance Sheet for the half-year ending The following is the. General Statement 30th June, 1879

LIABILITINS.

3. d.

bank's position than to work for large in making up the balance-sheet, provision The prospetta of trade were was made for an amount that was believed improving. Exchanges in the silver market to be doubtful, but resent information led were more steady, and indications pointed them to think that something more on that to a higher value. At the April general account might be necessary, though it would meeting the intention had been announced depend very much on the turn that the of closing the Foochow branch and materially value of the property took, as they held diminishing business at Shanghai and Hong securities. Keng, as well as making retrenchments elsewhere. The sphere of the business had, of thanks to the chairman.

The proceedings then ended with a vote in fact, heen too extensive for the capital and the power of the directors. The closing of the African branch had been in their minds, but if it had been announced pre- maturely the effect would bave been pre- such agreement as they had been able to make with the new bank in Africa on terms which the Board believed would be mutually advantageous. In dealing with this im- portant matter in the way they had, they had acted solely with regard to the best interests of the bank and in perfect unison of opinion with their new colleagues, bring the bank's business into a more compact and manageable compass. It had To Capital paid been said that nothing had been secured for the goodwill of the Afrienn business; that received any money, the arrangement had To Dividends was a mistake, for though they had not enabled them to get rid at once of their African freehold and leasehold bank pre-To Balance of mises on fair terms, which otherwise might have remained on their hands for years,

As it was,

on behalf of the plaintiff, and the plaintiff Court and the rights and liabilities of hending upwards of forty men, young and according to the use and want of Scotland; expense, the new bank having arranged for

newspaper proprietors.

a

The other cases before the Court were of no public interest,

form.

Iation not bearing Interest To Bilia of Exchange in airca- latton not hearing Interest To da sport to not having To Caab Deposited bearing

584,100.16. 6

8,938,128. 9.11 250,006.14. 8

8,041,899.18. 3

7,228,577.18.10

Total due to the Public 16,042,688.13. 1

Interest-

Interest

up £1,500,000, 0, 0 To Reserved Surplus Fand

remaining un-

paid

Profit & Los88 ing all current. after defray-

13,672, 4. 5

1,071, 0, 0

charges. 41,784.17.10

Due to 'Shareholders -

ASSETS.

By Government Securities-

English and

white from the day of transfer they had got rid of several heavy expeuses, which must have run on, if they had liquidated the African branch themselves. their business would wind up without

all outstanding matters without charge, except in special cases. The new bank, well supported by directors of local interest, By Coin and Bullion had been safely launched with every chance By Balances due from other of completo success,

Banks With regard to busi- ing very sedulously every particular and peas generally, the directors were sorutinis-By Promisory Notes or Bills of

other Banks item of expenditure, more particularly the cost of the estalishments. They had already effected considerable economy, and the re- sults would appear in due course. After referring to the retirement, in May last, of their late chief manager, Mr Patrick Camp- bell, after an esteemed service of 32 years, the Chairman announced that Mr William Mather Anderson, a well-tried officer, in whom the Board had every confidence, had been promoted to the position. Half of his colleagues were new directors, but all were gentlemen of experience and ability, and and unfettered by the previous policy of the though they had come as utter strangers, Board, and irresponsible for everything in for him to be able to say that all were the past, it was a pleasure and a satisfaution working in perfect accord, (Hear, hear.) He concluded by moving the payment of an interim dividend of 10s, per share

Dr. Moust, while thanking the directors for their efforts, said that these were excep- tional times, and shareholders were bound of their affairs. He thought the share- to take exceptional remedies in the control

holders of that bank and every similar institution ought to have the opportunity of exercising their judgment on the facts that underlay the figures in the balance-sheet, The balance-sheet was excellent as far as it went, and he find no reason to question the accuracy of any figures contained in it; but he submitted that the shareholders were entitled to an explanation of the facts beyond the figures. Were, for instance, the securities such as shareholders would approve of? He did not say this by way of expressing the faintest shadow of reproach on the directors for withholding information, because he believed that they had given all the information that was usual; but he thought the time had come when there should be a larger amount of information. They should know the cost of the working of the bank in its various branches, with the gross earning and the net profit of each. They should know the nature of the lauded and other property of the corporation, and he thought, indeed, the anme remark applied to other heads in the acepunta.

Indian £1,302,059. 4. 8 +Foreign and

Colonial 219,565, 0.0

By Landed or other Property

of the Corporatio

By Debts securod by Landed

or other Property

By Notes and Bille Discounted,

or other Debts due to the Corporation, not included un- der the foregoing heads, and exclusive of Debts abandoned as bad, viz.: Bills of Exchange

purchased £8,621,253,15. 5 Bills and Notes

discounted 4,201,079. 2. 0 Loans and Ad-

VALCOB

3,997,791, 8, 9

*Consols - £121,875. 0. D

E. I. Govt.

Rapso Paper 1,189,784, 4. 8 E. I. Ster-

ling Loan 40,400, 0.0

†Chilian Bonds 202,665, 0, 0 N. S. Wales 30,900. 0. 0

1,557,428. 2. 8

£16,600,016.15.

1,878,055. 8. 0

588,653. 6. 1

42,690,14. 8

2,499,609. 8. 9

1,516,624, 4, 8

357,975. 0.7

406,681. 0, 2

11,820,127. 6. 2

£16,600,016.16. 4

1,802,059. 4. 8

218,565. 0. 0

TROFIT AND LOSS ACCOUNT.

Slace I wrote the foregoing we have had and appointed a committee of enquiry, the feet of the plaintiff so far as his claim to recover $60 was concerned. Dr Ayres had a week's grace with the despatch of the mall, meantime obtaining from the chairman a fixed $10 se a reasonable payment for pr. which does not now leave Edinburgh for promise that the bank account will not forming the operation and for the two visits another week; and singularly enough one be operated upon; and so stands the say, which it would necessitate; that was of our judges in the Court of Session has "Bubble" at present.

Turning from these toples let me men what he would have obarged Himself. Hie given fluding which strikes, in a way, et would give judgment for that amount and no this subj ot. There had been an idea that tion something of what is called use and costa.

He was not quite certain whether the judges might fear some Act of Se- wont in Saotland. You must know, and on the subject; but it has been he who doce not ought to know, that the it was not his dutynow to send the plaintiff dernut in this case to trial for perjury, but as there decided this week that the present law gives late Education Act, while it makes recular was a possibility or a probability of a knife no "privilege" to any one who publish on education compulsory in Scotlard, makes baving been used for some purpose or other, during the initial stages of a care, slate- no provision for religious instruction, and and as it was equally possible or probablements contained in Court papers. This declares that it shall be no part of the that there had not been absolute falsehood involves in all probability a heavy loss on duties of government inspectors to enquire (Before His Hon. the Acting Puise Judge, | hood as to the cu.ting or nae of the knife of a cine they reported the substance of the even to examine in schools on religious judicial to the business and to their eary To Promissory Notes in circu-

on one side or the other, no direct false an evening paper here. At the institution into any instruction in religious subjects or by either party, ho thought he would be summons. One of the statements reflected knowledge or in any religious subject or justified in allowing the onse to pass over,

on a Sheriff officer. He brought an action book. When the parlah schools, the boast There was not sufficient evidence to go against the newspaper, in reply to which it of Scotland since the days of John Knox, before a jury. But he must say there bad was pleaded that the publication of a fair were connected with the Church of Scotland, been as gross exaggeration as there could report was privileged." The judge has it was the duty of the presbyteries, to see be without absolute perjury. One word decided against that contention; so that, that religious instruction was efficiently There seemed to be a misappre. In future, reporters will have to understand conducted and in the case of denomina hension if not in the minds of the public, they have no "privilege" in dabbling | tional schools most of which were alded by dro., for $60, being fees for certain surgical certainly la the minds of the proprietors of among fase or filthy statements at the government grants, the neveral churches (Bear, hear.) Their object had been to the local newspapers as to the powers of beginning of a case. In the particular made arrangement for auch instruction. this Court with reference to the prohibition action I have referred to, it only reinatus But now inspection la the special business of the appearance in the public journals of for a jury to fix the amount of damages, of no one, and al hough many boards do reports of the proceedings of this Court in Perhaps you have ere now got some no provide for it, there is a widespr. ad convic casos still pending, He did not think counts of a discovery that some days ago tion that the educational Interests of the himself that there was any doubt as to scandalised many of the law-abiding sub country would be greatly promoted by the law on the master, but the Chief jects of Edinburgh-the discovery, I mean, some carefully dovised plan of Inspection Justice, with reference to this case and that in their must bad existed what they when requested or welcomed by the School with reference to some other matters which may fairly enough term a gaming hell." Boards. A number of informal confer had arisen in the present Criminal Sessions, That was palufully brought to light by the ences have taken place between ministere would have something to say on Friday pollee getting into a house situated in a and layinen holding these views and next. He would then take the opportunity rather notorious quarter, though on a lead belonging to different religious deno- of stating what the Law is on the subject ing public thoroughfare-in Leith Street minations with a view to the formation and correcting the misapprehensions which Terrace and there one morning about of a national association for the inspection exist with regard to the powers of the "the wee short cor agont the twal" appro- of religious Instruction in public schools old, in the midst of gambling with dice, and a memorandum bas been drawn up of himself on his own behalf. The plaintiff,

His donor afterwards withdrew his or for bank notes and silver money. The the basis upon which such an association the doctor, made a very clear and consist der that no coata be allowed, and ordered police managed the surprise and capture may be formed and its operations conduct ent statement; sud, so far as it was possi

that the plaintiff pay Dr. Ayres' fee, if any, very neatly. They surrounded the house; ed. It is intended that the officers shall, ble to ascertain from his cross-examination for attending to-day, remarklog that is then at the head of a posse, the leader plies when requested by school boards, iuspror and the way in which he gave his evidente, was entirely owing to the gross exagger the door-keeper as one on the squaro, the religious teaching in accor Bues with there was no exaggeration about it, Theation of the plain if that that expense Lad and thus obtained access to the charmed the practice in the previous history of witnesses he called supported his statement, had to be iucurred, and by his bringing citolo." He found them round a billiard table, Sottish schools. A considerable subscrip and, it must be said, gave their evidence claim for an amount which he knew waste their atakes on the board, the landlord pretion will be required from the public for very simply, very straightforwardly. The

ading at the bank, and a gutta percba pas necessary and general expenses, even should evidence of the whole of these three altneszes gros overcharge.

softening the noise of the dice. Young and the sobool hoards that request or welcome was consistent in itself and quite plain, the

old were there; young greenhorne and old inspection pay for the work being done, different witnesses were consistent enough

knowing ones playing their respective parts but it is hoped that by local subscriptions with one another, and there were no signs

as proy, jackals and lions of the scene. After or otherwise boards and teachers will be of that exaggeration and gross misrepresen-

a little resistance all yielded to the sirongided in maintaining this important part tation which so frequently mark Chinese LETTER FROM SCOTLAND,

invading army of police, aud next morning instruction. With this view a circular evidence, It was clear from the evidence

(From an Occasional Correspondent.), In the Police Court forty were fined £6 has been circulated among the school that an arrangement had been come to be-

Edinburgh, et. 23.

sach, while the landlord's bank was clearea boards of Scotland in order to ascertain tween the parties that a cariain operation should be performed by the plaintiff, the

We are now getting loto & more lively to the extent of £3. A dozen or so more their views and among private individuals men were in the house, but these being in to elicit their support. It is signed by docter, on Ayon, and also that an opera coudition of affairs than when I last wrote, tion was performed, but it was equally clear The Court of Session, our Supreme Court harda were not troubled further than by presenting the Free Church, and Sir James the smoking rooms or actually playing til Lord Moucre:ff, who may be taken as re- on that evidence that the plaintiff in the re-assembled last week, other ten days will having their amusement stopped for the Fergusson, ex-governor of South Austraits case, the doptor, represented to Ayon that are the University in full swing, and the

evening. From the asmes given to the and now Tory candidate usual throng of autumn Business is already police little information could be derived shire, who of courser presents the Free North Ayr the disease from which he was suffering was a dangerous disease, that it was necessary growing space. In connection with the

aa to the classes frequentiúg his institution; Church's mother-in-law-the Established. that the operation be recommended should opening of the Court I may remark that be performed, and that that operation was a

**our Lords" have not done anything in one for instance gave the address of Rozal Much commotion has beau caused by it difficult and a dangerous one. The plain the way of regulating the publication of errace, the abode of Generals and Council among the "boards," In many of their tiff said in the witness-box that the opera- papers that are submitted to the Court in standing in our city; but he turns out to be tiou is imparted and is inspected by the lors, professora, advocates and o hora of high schools, as is well known, religious instruo tion he did perform occupied three quarters the ordinary procedure in regard to actions of an hour and that Le used the knife on pending before it. Before the Court rose Waterloo Place; but these were given by unnecessary

4 coachman. So appear addressen as from clergy, so that the saeciation is for them the defet dant's person at twelve different for the Recess there was some outery for such officers of the houseHold" as billiard "cheeky," by others as encroaching on the By some it is rosented as places, not merely to cut or prick the skin steps in this direction, brought about markers and waitora in hotela. The fact is, province of the school board, but I fancy, a but to cut through the skin and into chiefly by the appearance in some newɑ-

most of the victims" wers of the class of lot of the smaller towus will support it and the flesh of the defendant so BB to papers of statements of an extraordinary cabmen, coachmen, billiard markera, wai that the soheme will be flated in some remove the twelve tumours of which some character affecting the private life of one of were produced. He brought two man Mck our subordinate judges the if substi- such a pince: they bring in the innocents

ern et hoc genus. These are useful abou Awan and another who saw or were concern- tute of a county town which in former days from abroad and prepare them for the oper- od in the operations, and they supported his was visited on his return journey fromations of the professional betting man or statement. The Court saw no reason to Preston by Prince Charlis of Jacobite gamester, of which there were one or two. doubt a single word of his evidence. memory. One morning the public were there were also in the black list-and this This statement as to the operation and amazed by the appearance of statements re- particularly as to the use of the knife was garding a petition on the part of the Shoriff affords the ground for congratulation as the hot confirmed by agon. He denied the Substitute, in which it was said that bie results of the raid-a few young men, the cutting, and a man was brought forward wife, after twelve years of married livery of theo black-legs. An instance may be mentioned; a young lad, in the service who was called in during a certain part of with him and the birth of three children to of his father, a shopkeeper in town, bad the operation but went away again. The him, had gone over to the Church of Rome for some time been in charge of the business only defence was the simple denial of and had subsequently gone off to London

books. He was missed from home on. Agon. He denied the special agreement; without informing him of her intention night, only to be discovered in the police he denied that a knife had been used for thereto. Besides this, she had taken with office waiting for his fine to be paid. This putting; and he also said an account her, said the impeachment, a daughter of had at Brat pepa presented for only 13 years who also had been received into aroused suspicion, and then his father found 810. When the case came before this the Church of Rome, and that too in the that the profita of his business had been Court it was of course for the parties to Onty of Rome where she had had a private contributing black mail" towards the prepare their own case, to bring forward interview with the Pope. Believing that support of this gambling bouse or to keep its whateyor witnesses they thought proper and his wife was in Edinburgh and bis daughter frequenters in "twins." The Wellington to conduct their case si seemed fit to them.in Belgium the sheriff asked the Court to have been known-has long enjoyed the The Court was under no obligation to aug-enforce his right to custody of his daughter. repute of encouraging gambling; as many gest witnesses and was quite entitled to de- then appeared a report of a summons by

as a hundred have been counted going into cide the vase on the evidence given that the wife to have the sheriff ordered to of a night. day. This the Court raight have done aud usure his life, or otherwise carry out the The Slaughter House and Lattle Heli." It was familiarly termed deciding it that day on the evidence then conditions of his marriage contract by No liquur was supplied in it: the oin was before it, the Court would certainly bave making provision for wife and family: ita exuuse for existence. But our new giren judgment for the plaintif, and as The wife maintained that as the sheriff had Chief Constable tad set bis mark upon it certainly. If the Court had decided that day now an income of £1100 he was able to and only waited his time. It was lifted" June 30th last, which we append, was taken The balance-sheet for the half-year ended Ayon would have been sent to prison for provide in the manner for those of bison on the last night of the horse races at us read. having committed wilful and corrupt per house, and that his conduct had rendered. Musselburgh. Had it boots taken on the

The Chairman said, in compliance with jury. The case as then before him was as it impossible for bor to live in family with previous night, the number of captives the wish of shareholders, there had been clear and plain to him then as any case he him. To this his reply was that on had heard to this Court. But considering account of the improvident expenditure of might have been trebled. It is some satis printed and circulated copies of the balance that Ayon did not to all appearance under- his family he had fallen largely into debt faction to know that by the new Police act, sheet for the half-year. That was the first stand the gravity of his position, laughing and was unable to keep up insurance poli- which is to become law next month, al ocession on which it had been considered

biluard rooms will require licenas from the necessary to pablish an interim balance and talking the whole of the time, hecies. Not content with this case, the wife authorities, and will be subject to strict sheet, but there were reasons why it was thought it better, in the interests of the de applied for separation and aliment. In sup control of the police. Some other inst-desirable to do so at this time. The share fendant himself and of Justice, to call for port of this she made a series of statements tutions" in town will be cleared out and folders would observe that the particulars further evidence, and he indicated for the which, if true, were not illustrative of much

their tenants will be dispersed. guidance of the defendant in what way he domestre felicity. Papers stating all these

were fuller than heretofore, and that the would have disposed of the case. and in things had been lodged in Court, buk ere Another revelation of no very satisfactory accounts had been examined and certified what way he would have been bound to any finding was given, ere both parties were kind has just come about: I refer to the by the auditors. This, too, was an unusual deal with the defendant wore he deciding beard on them, the whole affair was arrang uttatory proceedings of the anal Supply proceeding at the end of the half-year, but the case that day. He also indicated the ed privately and all the statements were Association of Scotund. This concern was the directors felt sure that it would be as nature of the evidence which might be withdrawn. But in the meantime some of launched three or four months ago with Butisfactory to the shareholders us to them- brought forward by the defendant. To-day the allegations found their way into newspa cosy prosectus, & promue of big prodite sad they had to thank the auditors for questions, said with regard to the remarka selves to have the accounts efficiently verified, The Chairman, replying to the various Ayon had the benefit of the legal pera, and so strong was the feeling in roma and an assurance of groceries, millinery assistance of Mr Wotton and the avid-quarters as to the undesirableness of such and all domestic wäres at low prices and of undertaking the additional task, the duties of Dr. Muunt, both he and the other enge of Dr. Ayres. had been heard publication that a hope was eut rtained that excellent quanty. Fremians had been before having been the examination of the directors heard the observations with great - in his favour. Dr. Ayres had the ad. The Judges would now issue some regul secured in Glasgow and Eumburgh, and wiLL

accounts at the end of each year. His duty attention. The remarks were very per- was to declare an interim dividend for the Fantage of understanding precisely what tious in the matter. A Bishop had not besu

so able staff, business might be commenced

tinent to the subject, and he could only say it was that Ayon was auffering from. It killed; but a judge had been bothered. At once. There are always people whalf-year of 108. per share, equal to 4 per on behalf of the Board, if the honourable was a disease, he told them, if disease it present the arrangement or want of ar

will cutoh at any "spec," and so the cent. per annum, on the capital of the proprietor would give a list of the inform might be called, which was in no sense of the rangements as to the relations of the Mutual got many applications for whales

corporation. This payment would absorb ation which he thought the shareholders word dangerous; painfui certainly, but not newspaper press to the papers produced in The prosperity of similar ventures led to

£30,000 of the profits, the balance of ought to be supplied with, the Board would in any sense of the word dangerous; and Court are eminently unsatisfactory. By good hopes and within the stipulated time 11,784 being carried forward. In August take the matter into consideration, with the further be told them that the removal of private influence with the officials of Court the necessary number of shares

last rumoure were circulated injurious to fullest desire to furnish the fullest inform- or the agents of litigants, or rather the alloted and business was started with more

the interests of the bank, and calling for ation consistent with the interests of the these follicles involved no danger win ever And no serious responsibility on the opera agents' olerks, perhaps, a reporter may get than £20,000 in Back. Then osed out notice. Just at that time information reached bank. With reference to the debts secured tor. Dr Ayres evidence was that these hold of some of the numerous prints ore nature of an agreement which had been them that net profits would be sufficient to by landed and other property, it was right follicles being themselves imbedded in the papers. These are often strong ex parte ouly generally referred to in the prospectus. pay a dividend of 5 per cent. per annum, to assume that the corporation had no power sria there was no necessity for cutting the productions: possibly never intended to be his had been entered into with A. ind. and it appeared to the Board that the best to advance money on real estate. They akin for the purpose of removing them; wholly believed or insisted on, sometimes Vituale who had given up their buscus They did so, but so sareully as aut to was only in that way that they held it. It refutation was to publish this information. could only take it for a past-due debt, and it there was no necessity for pricking the skin drawn burriedly on imperfect information, mises to the Mutual" The directote La and certainly no necessity for cutting the ametimes possessing a litle of the charac appointed there to be mausger, salesmen, pledge themselves to the dividend, that was a stipulation that the gentleman re- whole skin. But, he said, it is possible tor of a level or noiew by which to force ela, at salaries from £200 £600 ench for a being left for later information. He might ferred to should represent that bank on the a knife might have been used for the pur opposing parties to a compromise. One may series of years. In addition to that these, however, that they would have paid African Bank for three years, in order to the 6 per cent. dividend, but for the reason protect their interests. He had alluded to pose of pricking." That disposed of one not hóps quite to prove all he says in them, vendors" stipulated for 26 per cent. of question; both parties might be speaking and were be liable for publishing them be

that they had contracted for the sale of all the matter of expenditure in his opening the profita for ever doring the continuance trathfully as they understood the word, wight be more reticeat. The papers in of the association; and besides that they their Chilian bonds. (Hear, hear.) The statement. The expenditure was excessive, when they stated what occurred. It might be short are prepared aa for the Court. But were to have, what one would not expto contract was made before the reported he would admit. It was one of the matters that the plaintiff was speaking within the lot, some newspaper man get hold of one now to hear of in floating a company capture of the Ifuascar, or they might have the directors were now going into item by truth when he said that a kuite was used, te considers it from a "public interest he supply of bread and cloth in bowland, obtained better terms. They had also dis-item. They were going through avery bat evidently incorrectly when he said for puint of view, Threats of actions for pre-promotion money to the true of £2250, Posed of the New South Wales bonde, so branch, nensidering the salary of every the purpose of cutting into the flesh. In mature publication have been so often the City of Glasgow Bank may be quoted that the Government securities now only officer, and seeing where it was possible to the same way ayon might be right in bandied that he is now hardened against against bouton canniness but we would consisted of English and ludian Government reduce the expenses. The allowance by the (Taken at Mesars Palomer & Co.'s Premises saying that no knife was used for cutting them. And thus it comes to be that if a rather never mention it. Mr Grieve of securities, Albough the meeting was only shareholders to the Beard was £4,000 That consideration disposed of one point aan desires above all things to blackguard Greenock, the ex ai, F., was one of the for the purpose of declaring a dividend he year. Owing to the admission of two new that had arisen in this case, The claim another with impunity he has only to rease directors, but on coming to know of this would notion a few matters of business. directors which the Board had themselves itself xenolved itself into the consideration | against him a case in the Court of Session, agreement he resigned. Then he issued a

The deposits showed a diminution, as was to recommended the individual remuneration BABONETER whether, when the special contract was Then he may, for any decision to the conidigreat aronlar, and that was followed be expected. The business generally, too, had been reduced. During the half-year made, Ayon was not led into a misconceptrary, in the papers printed and "boxed" by eating meetings of the shareholders had been on a restricted scale, as the au£46,000 had been written off as bad and cutants showed, which was attributable in doubtful debts, including the depreciation tion of the nature of his disease, the to the court, fulminate as many strong state-in Glasgow and edinburgh; an attempt was

some degree to prudential measures on the on Chilian bonds. With regard to Ceylon, necessity for the operation and its mature, mente as might tear seven obarasters to made as the meeting here to explain sway both the disease and the operation being attem or give ground for a score of addica: the agreement, in whisu the chief difficulty part of their managers in keeping their he might mention that a severe state of represented to him by the plaintiff as date for libel. But the majesty of law and the so substantiate that the businesses treasuries fuller and resources nearer at depression prevailed there, and two failures gerous, and made such contract if there was dignity of our Court of Session are hot which had been purchased or the abilities and Although the directors believed the bad occurred. He might say with regard to may in consequence of that misson option moved by trifles, and in the meantime the of the vendors were worth the terms which necessity was passing away, the Board these, the rumours were not true, and he If she contract was brought about in this old plan must work its way-perhaps hap had been agreed to, Mr Grieve and other would for some time to some feel it their hoped they would make no losses whatever way, the ground was entirely out from under pily its ruin.

objepting shareholders stuck to their guna duty to rather jumprove and strengthen the by them. There was another fullure, and

Billard Rooms--for as such it seems to

at

Wore

To come to the purely ecclesiastical, old Edinburgh men around you will be glad to learn that we are likely soon to have in Edinburgh another Macleod. Dr Stever son of St. George's with ita fine dome in the West end, some time since resigned on A suggestion coount of failing Lealth. was made that an attempt should be made to obtain as his successor Principal Tulloch of S. Andrews; bat now a call is on foot to Dr. Donald Macleod, of Park Church, Glasgow, brotber of the late Dr. Normas Macleod and his successor as editor of "Good Wo do." committes of the congregation have been casting about for

a pastor, and I believe they are to recom-

mend the appointment of Dr. Donald Mac. leod. Thus we will have here both brother and a cousin of the late Dr. Nor.

man.

ORIENTAL BANK CORPORATION.

Bank Corporation was held on 24th Oct. at The half-yearly meeting of the Oriental the Cannon-street Hotel; Sir William J. W. Baynes presiding.

Another Shareholder pointed out that tho debts secured by landed and other property had been increased by about £36,000. EL had shown on a previous occasion that the directors were not empowered to advance money on landed or other property, but if they could not recover money on bills, they were empowered to take landed or other property as a further security. He thought the expenses were rather greater than they should be.

Mr. H. Dumphy (a shareholder) con- gratulated the directors on the improved position of affairs and spoke in reference to the establishment charges.

Another Shareholder: Does the allowance the balunos sheet include all bad and

doubtful debts?

The Chairman: You may take it as all. (Ilear, hear.)

Another Shareholder put a question as to whether one af the directors (Mr. John Young) was to be a director of the bank in Africa.

To Amount required to pay an

Interim Dividend for the half-year to this data, at the rate of 10s. per share To Balance

By Amount of Net Profit for

the half-year, after defraying current charges, and pro- viding for bad and doubtful dobta

80,000. 0.0 11,784.17.10.

£41,784.17.10

41,784.17.10

-£41,784.17.10

W. M. ANDERSON, Chief Manager. J. MACNAB, Chief Accountant, WM. J. W. BAYNES, JOHN YOUNG, Examined and found correct:

BUSH D. SANDEMAN, }

J. B. ROBERTSON, 9. RAWSON,

Directors.

Auditors.

Quotations.

Besaxo o, December 10,

10.-Tex Patus, onsḥ... $570

Old

$1

caab,... 585

New Benares, oath, 517

*

*3

"

Old

1

cash,→→

New Malwa, credit, 695 Allowance Trole.

Did Malw», oredit, 745 Allowance Taels, Exchange.

Bank, Wire,...

Demand, ...

30 days' sight,

12

3/9

... 3/9 *.. 9/10

3/10

4 months' sight, Credits, 4 st Documentary, 4 months' sight, 3/104 India, Wire,...

...2231- demand, ...

... 22$ Shanghai, demand, ... *** 78

80 days' night, Gold Leaf, 99 fine Sovereigns, ...

Shares.

74

27.05 *** 5.27.

Hongkong Bank, 50 % prem, sellers. Quion Ins. Society of O'ton, $1,360, China Tradera Ins. Co., $1,350. North China Ins. Co., Tis 1.125. Yangtze Ins. Assoc., Tls. 780, buyers, Chinose Insurance Co., $310, sales. H.K. Fire Ins Co., $815, buyers. China Fire Ins. Co., $220, sales,, B.E. & W. Dock Co., 13% prem, H.K. C. M. S.-boat Co., $19 prem. Shanghal Steam Navigation, Tis. 11- China Coast St. Nav. Co., Tls. 100. Hongkong Gas Co., $70 Hongkong Hotel Oo., $68. China Sugar Refining Co., $158. Chinese Imperial Loan of 1874, nominal

Do.

of 1877, do Temperature.

Queen's Road) HONGKONG, December 10.

I

Do.** Do

1.P.M....

FERMOMETER--9 A.M.............

Da

4.P.M....

1. P. Most

30 260

***

80.376

30 176

82

Do

65 65

DP +50:

Da

1.2.

To Maximum

Minimum over night.

Do, (Wat bulb)-9 AM