1890-12-06 — Page 3

No. 5702-DFarmber 6, 1890,"

That at the same time it seems rass

strange that the Chairman of the Finnis Committee possesses a casting vete, and

no more.

That

I observe your tanning contemporary has thrown in his lot entirely with thủ

Should the shareholders, however, de-

THE CHINA MAIL

account.

have, and I think if you had seen him as of mounted volunteers over bo organized work and knew the interest he has taken such a road would be of inestimable value in doing all he could for the company, you to them.Yours, would be rondy to admit that he could not

ANOTHER JOCKEY. have done better than he has done.

Me Gonies My impression is that if the matter had been looked at from a business like point of view we nhưuld not have spent i proceeds would never reach that sum,

Mr Wicking Mr Abrahamson told us

officials, and throws out insinuations of a cifs on the waeless and expensive process of i were se entered in closing Many of THE EAST BOKENO CO., LIMITED. $15,0.0 on the '80 erop u wo know that the

official members.

co

concessions

coun-

THE FINANCE COMMITTEE.

The following is a fuller report of the concluding part of the proceedings at the

day

thought the arrangements sow to be onrried sut abould be in accordance with those cus totpary in civilized communities, that they 'should not be in the Chinose manner bist recording to modern principles of sanitation. In the first place a very large number of animals have to be accommodated, espostal abode have ly kà enormous nowber of.

pige, for which bo arccted; and as regards the laughter-house Arrangements, the to be very large, slaughter-honsu itself-lins

valuable asset in Tobacco land, which at the prospectus invited Intending share-On the motion of Mr Goines, & vota of the Government peot price might realize a holders to inspect the statements of nasctay thanks was passed to the investigating

the directors. A A reduction is ex- and liabilities, and that this jum was then Committee clear profit of 880,010

A vote of timeke to tho Cbaitina, on the pemes may also help to make the business shown na the surplus senate over fiabilities.

grofitable ons

A valuator was called in to plzes the motion of Be Wicking, terminated the various sasste at their proper value and they meeting.

the n acoutato org disingenuous nature against the una further reduction of capital the proportion The figures word as but by the rotore to

of misch reduction should be altered, because

The recond ordinary yearly mosting of That it is just pessible the Executive are the proportion the Commities are advised

this company were obtained when the co not parucularly pinned at the wins delay give the owners of

fally paid ap

and were previous shareholders of this company was held to paid up shares a try was first

the first opened

ontore among the absets or that has been used by the thorough larger shero of the profite, if there ahuldly wither not

chamber where the moat can be kept until present:-Messrs B Layton (presiding on the crop. It seems exceedingly. analysis of the Hatimuntos this year, but be any, than herololors,

CATTLE DEPOT FXTENSION, $10,000, itio

is sent into the town for sale, and to have paid up ware valued by the valuator for the purpose E. B. Abrahamzon, H. L. Daltymple (direc- unfort listes its tee is connection with the

of.

As to the future tura), 75

The Surveyor General, in answer to the whole place fitted in a perfect manner, of that kind should have led the

Sharp, H. one estiuates in this

should have been so sadly out. I think some of working the

O. F. Harton, E. A. Carvalho, shamson The chief cause of the thres sheds for cattle and very frequently

henidos which the drainage of the slaughter. of A. of the ecrany, Aging Governor and his Colonial Secre-

overal questions, said there were at preset house will have to be provided for so that F. J. S. Perry and F. Hallward tors was the bad health of the employés. tary to fasten odium on the nothicial

the suggestions of the committee will lead melabars.

to placing the company on a better footing, (Secretary)."

carried out I have every bulief and when

The Chairman suid-Gonilemen,. I am

Me Wicking-Still, I think the difference third of the cattle could not get in, son nuisance shall be eased to the nigh it was proposed to put up a fourth shed.

cbourhood The estimates also inolide tho Flint

that we shall be able to show a balance on sorry to say that owing to unavoidable between 810, 100 and 25,000 is viny serioue, All the cattle destined for the slaughter water supply; it is very important to have the right side of the account.

causes the report and

ing the matter.

were kept In your

The Chairman then provided the adoplata and

thero til clean, hands; but

; but it is

CUDKONNENCO, perhaps of less

Me J. J. Konvick-Is it not quite pe for during the past year or so there have tion of the report and its

several

of the Shareholders. Mr Wicking secunded, and the motion mectinge

sible Obinero casitler the affairs of the Company, which

engaged in the trade was carried unanimously,

The Chairman-The other formal basis of those sheds without sfactory ness is the re-election of dircoters. Mr

there is no reang why any slight irrita. other shares are but fait as long as the stood at a quite nominal value, and then it the Hoogkong Hotel. There were that lie expected we should realize £15 eating of the Finance Committee yrateria propened to provide a refrigerating ·

tion

to allego the Select Committon was proposed by the nudiciala with the deli- berate purpose of making the discussion secret, in, on the face of it, an absurdity, and is

thesu who make it, unworthy

Finance Committee ent in That net so long ago, and the beltet Cuamit ne might have been made as

the acting Guvertes. innde talkinghorne on this cesarion- for reads.

། This will be evident from the following

ia doclared.. saya dividend of 4% 42 on a fully paid up share of 8100 is 84.

DD A share

But paid up in 82, whilst on the reduced bare,

4% on 880 gives

$3.20, on.$34.gives $1.211 and 1% on. altering the proportion of profits for the respective shares.

Mr Wicking-I-mast reiterate once more | pany" kave been but counts of this Cam- † although I think it will do no good discusshouse were sent to these sheds directly an ampio, water supply to keep the placo

the complaint mado at laat meeting. The atove figures show that in order to When Mr Abrahamsen was naked where make the fully paid up sbaren and the shnte an which $50 only d'e paid up equal the nut u latter to 840 motoad of $30, The Intter While

unir.

Wicane 430,00; were he said it was ford

short line in

open as the Council by a muro word from formor must be reduced to $30 and the by writing in cash but a profit adfortunately have been and still continue

That from your auzzinary of the new Gam-

bling

Ordinaten it would appear that the so-called clubs will have a lively time of liquidation. That perhaps no respectable resident will regret this, as the harm which has been and is being done by these houses is io- calculable.

That

|

the

value of the property.

P

the va

The Chairman→→ Of course; all theron- dors did so.

Mr Wicking-Yes, quite so, but I bubation the period of bees. We have bebalf in there circumstances. scriptaral authority that no man can serve twe wasters.

at-

Mestra

|

of applying o

the colony with food make the

* paying any adequate

it is

the

in

The

Bum

The Colonial Treasurer What is the slaughter-house or the der 6te.1. principal part of the expenditure, the

Mir Chater I am given to understand

avory romunarativo undertaking. The Acting Attorney-General-in tha in investigating the affairs to be of a very anxious and unsatisfactory T

tovente sidud of the estimates the income is That the question of publicly na bron would then to liable to further calls of 840 | of the amongst other things: polyre; and at the last extraorty general | Stokua nd myself retire but offer ourselves for them rather time be put to the ex

title deeds and other doesments per meeting hold on the Gtli October verg für re-election. Ir Stokes is at present in pense of houting the cattle elsewhere?

The Surreyor General No, I think not, put down fen the slaughter-house and Bitorg Assets of the Company.The assete na pertaining to the Campany's pre-party and to full statement of the position was put before England but will be here in a couple of becanso, although the charge made for ench markets as

03 $75,000. load of cattle is a very moderate one, it was the Covorubat should not at any You

Abrabatason munths or so. The report of Me

Surveyor-General-There rca. is no rea last report are $192,000, after deducting the my anazement I ear that among the ven-

Air Wicking proposed the re-election ef

at that 6xed at gives you details of

view of inducing figure with a to the accounts

son why goodwill, which ought to be written off durs was Mr Stokes Now Mr Stelas betached to t

ra Laston and Stokes. Ae most assets have been written down camo a partner in the firm of Abrahamsen the work and progress of the estate up to a

Mr Porry seconded and the motion was people to bring their cattle there itistond time get more from the slaughter-house,

keeping them in settle already

in unsuitable

because it can charge work. pincea 10 per cent., I cannot see the and Co. and I premme participated in the vary recent date; and I don'tknow that vers by.

mach is to be added to hit at-present.

unanimonsly carried.

diferent. arts of the town where it was Mr Byrie-If you are going to have reason for a wholesals, reduction of further good-wil

On the motion of Mr Gomes, seconded The 1880 crop was very shill in quantity, 20 per cent, or about £50,000 more.

By paragraph the Committee my the

but its quality was excollunt; nor is there by Mr. Wicking, Messre G. Stewart and almost impossible for the veterinary surgeon a refrigerating chamber I should think you Boites stock of timber sight to be writi

much to grurable sit in that btained for the D. H. Mackintosh were re-elected auditors. to make a proper inspection. The charge is will have to charge more.

a low one but sufficient to

to provo re-

The Surveyor-General-There is the site ten down largaly. As 5%, has been wait

interfered with oy the high rate of exchange motion of Mr Wicking. termiantod the is nothing to pravast the Government in set for seconda; but the dollar result was seriously A vote of thanks to the Chairman, on the munerative, and if it is not sufficient there of the prosent slaughter-house, which will

a considerable a ton of already, austher 40 yor sent, should

oreasing it. At present it is lot out to a at which the proceeds were converted. The meating.

Acting Registrar-General-I think cover this case, which moans $22,000 to be

1800 crop, when we last mot, was expected

contractor, who is not allowed to charge the income from the markets is 840,000, written off. Further the Committes say

The Chairman-I don't wish to gainsay to yield fully i picule, but last advices

than two cents per head

which would leave 338,000 as the income dag. per under the same paragraph The Timber

The Chairman I may mention all these from the slaughter-house, Stuck at Hongkong is probably of nestly scripta ul authority (laughter)-but I sub from the Estate, and which are incorpo-

matters are entirely under the Sanitary The Saveyor-General-In that case I as 10 per cent. has already been written oft is hand he wont thoroughly into it. All reduced the estimated

of this quantity

mendation. Wa are simply supporting the very fair rutern. that 16 per cent ruote would raset this the papers in connection with the Company plouts;

10

Mr Keswick That is not exactly the case,about. $10,000

the estimates.

poin

I fancy the committee is cun- every way and nothing has been said till this moment on the point alluded

The Acting Attorney-General-Clause "vinced of the arcessity of having the most to Mr Wicking.

by

of Ordigance 17 of 1887 reads:-' All excellent arrangements for the slaughter. animals brought to the colony for the pur-bound from a sanitary point of view, but hardly within the gravings mit has it is

pose of being slaughtered shall be kept, that does strike cao is that the amount is except when they may be turned out to very excessive. The refrigerating chamber. graze in a properly constructed depot must cust a very large sum licensed by the Banitary Board." I believe the cattle are only allowed to land at certain wharves and then ara taken direct to the depát.

That the icripatetic Manila agencies- you wast Mancolah ticket, sal will have a fair chance of being run in, although their customers comprise representatives of evory rank and class in the community, That it tany beerme aquation whether

have

THE REGATTA.

The following is the result of the ballut

more

Ence Litteries do not come under those the value stated do.' I take it therefore, mit that when Mr Stoken took the mattor rated in Mr Abrahamson's report 600 for Strukos, picking of Crews, Coxswains. Board, and we are acting on their recomdon't think $90,000 ie too much; it gives a

interdicted. That even the popular Totaliter, which works wonders under the shadow of the Jockey Club protection, an Rses daya may be endangered. That perhapo oficial absolution may be givan for the operation of this gambling machine, upon certain daya and hours to be fixed upon by those concerned. That the game of chance so frequently indulged in at bazaars where ladies mest, and in which un ele at of skill can ever enter save the ladies' skili tu securing dollate, may not be altogether free from interferonica,

That indood, prcepting a rubber of whist or a shoot at time bargains in shares, there will be little left to excite the born gambler

That is said impecunious residents are bast-

ing to the Bankruptcy Court to obtain relief before the more stringent law now on the stocks is fairly launched. That by the new law it in left to the diacre-

ontturn to 490 are in the

Vader peras rapt 5, the Committoo re-en to be seen at his office and were cir- fermenting shed. Shipment of a purtion Boals, Stations &c., &c., for the American Sanitary Board in putting these items on

commend to write down the Hongkong Saw Mille by one half, whilst the Directore say in their report, The Mill is now paying ila way & From these two state- mants I deduce, that a medium couree re the best and that 24 per cent. ehould be deducted, besides the 10 per cent. already written off; this would mean another $6,000 to be written off. This gives in all a sam of $38,000 instead of $80,0 0.

As the Committee do uut mention that in their opinion any of the other sesots are overvalued or likely to depreciated, 1 cannot go any reason for writing off at- otber 842,000.

With the other suggestion of the Com- mitteo I fully agree.

I remain, Gentlemen,

Youre faithfully.

CHAS. HIRST.

in

I submit that

to into a matter of that kind,

Br Wicking-I was told by a gentleman who called at the office to see the papers that he pointed out to Mr Stokes at the Cash profit, but Mr $30,000 was not Stokes did not understand it.

The Chairman-That gentleman fortun- ately did not take any shares.

Bir Wicking I beg your pardon, I was told that he did and sold at a profit.

The Chairman-Many people would pro bably have been wisar had they done the same. However, this is a matter of two or three years ago.

Mr Wicking I was not aware of it at last meeting, else I should have mentioned

it,

and

s sum of

T

and German Caps:-

AMERICAN CUP. Station No. 1.

Victoria.

Reze.

2

Ough

Station No. 2 Leok. Stickley (stroko) Oliver Gobby Thompson Caldwell (cox)

Station No. 4 Thistle.

Hendersca (stroke) Jackson YouDg Walter

Boyd (cox)

Station No. 5

Skott (stroke)

Buer

Taylor

Sampson (cox)

of this should take place in the early spring and be completed by end of May. The cost of working account a certain of the crop is great, but of the amount at proportion, say 320,000, belongs to the ex- pauditure on 1831 arop; but against that we Stephon (stroke)

it must remember is estimated a

of Wadman about 812,000, must yet be spent to finish Sample

the crop. and ship of leaf is reported to be good; t

The quality of the Mackintosh

the weight is

is Stopani (cox). light, which means,

hich means, I aut a tobacco of a Station No. 3 finer texture and con

consequently of a

of a high value. I can only hope that this may be so. Puits, W. I. (stroke) For 1801 orop 160 fields have been filled. Garde Will

ard to the negotiation which we Duncan regard were empowered at the meeting of. 6th Potts, G. H. October to enter into with a view to Frederick (cox)

with Company amalgamoting

others, I this regret to say that so far nothing definite has been arrived

communications at bai are still going on, we hope that some- The Chairman-Will you propose a rothing may yet be arrived at by which this of a dividend of 50 cents in the dollar, and and it must rest with the shareholders lution The question before the meeting

is the kuma bankrupts do not relish this idon, whether they accept the Cornmittee's re-

may find capital to work the jali.

is found, estates, for unless some money is commendation on bloc or with some one propose that?

Mr Farlane-Is it necessary to adopt the and that soon, the estate will have to ceasÐ

work altogether. report 1

It is very disappointing The

should London Company in

Duer (stroke) have lung fire so long, but as you are aware Wadman ânancial affairs have not been favourable for such enterprizes. Our last advices still Potta, G. B. hold out some hope, but it will be evident Young

Stopani (cox) that the embarrassed state of our the to you

The ac of delay.

Station No. 3 courts are made ap to Sist October

Thistle. finances will not admit embrace a period of thirteen monthe. We Duncan (stroko) considered it butter to get the igures as Oliver near data as possible, and I may tell you Dalby that our position is as nearly possible Butal

We have today a debit balance Frederick (cox) thus,

$ 2,305 Debenture Debt

14,640 5.000 London Agente

ti the Julge to insist upon payment) The points-sro worthy of consideration,

adoption of this report'; will some along with the Laman and Songei

Thal in the Straits Settlements I believe modification. I may say that the legal steps wholehairman You can adopt tho re- that the scheme proposed by Mr Staker!

That

absolute

the 60-conk stipulation is a fixed rulo of for Reduction of Capital will prove rathor law, and is not left to the discretion of ! expensive and unfortunately Mr Francis port and then pass a resolution that the for organiz

That may take some little time the Court.

toga into That this quadment has been found to be who was one of the tarestigating com carrying out of the recommendatione bo

harsh and inconvenient, and in emitted, is away just now, and until his loft to the discretion of the directors. once it in quite conceivable that it would.com

return we could not weigh chess points as Mr Parlano-The last clauso save a call be

su; but where the power is left to the carefully as we might. Regarding this sub of 910 will have to be made. In this a Cours is clearly a wholesome and

necessity, because in the present to to say, as this s jeet I have nothing further to Lood

rate,

whether the share-state of the company a necting is called to say

the calls will not be paid proportion of perhaps the Athletic Club is to be halelers shail adopt the report or not.

The Chairman should hope they congratulated upon the aging of the Mr Wicking...I think, Mr Chairman,

g-nei-cheong vate for improvements, this rautter of the return of the 270,000 would. It is quite impossible to work ang although, as Mr Keswick put it, thene

be looked upon as concluded, the other business with no cash in hand. I will not may

At

it is menu a large expenditure of r money.

is impossible, but matter, the reduction of the capital, may That, except the sanitary moiety of the stand over for some time at the

discretion

very great anxiety. At the pre- sum to be expended, the obstructionists:

f the directors, as it would cost a consider sent moment-there is no loose cash. who objected to the grant in favour of able amount and we have no money to ex during the past month 7

Mr Fonwick-Has no timber been sold the Athletic Club ato tuairly responsible.

regaid pend on such proceedings. With That the Commission to consider the quate to the report we made I shall be very gisid

tors' difficulty has brou silting for some

it in detail how we it and to go into

explain in tims, and I believe they purpose to apply arrived at the figuros, nad I think I shall past month. thefr

powers first to Wong-rei-choong be able to satisfy the shareholders that we were accurate in our conclusions. I shall

I hat

be very glad to meat Mr Hirst and go int

it

say matter of

a

months there has--possibly during the The Chairman-During the past six

and

Paper money & Sundry Creditors 3,500

825,300

torney General ( I mistako not), and ton of the value of the stook. Wo have of preted much more from him as to our the negotiations present pojut, and if !

The

Chairman-I don't know thats ho

and

of

Sandakan,

GEEMAN CUP.

Station No. 1 Kornblume.

Station No. 2

Shott (stroke) Ough Lucas Bomanjue Sampson (cox)

Station No. 4.

Leek. Thompson (stroke). Sample Barff Taylor Caldwell (cor) Station No & Rose Potts (stroke) Cobbe

Welter. Mackintosh

Boyd (cox)

CORRESPONDENCE.

The Surreyur-General-The proposed new slaughter house. will be very different from the present one, which is certainly for 100 small for the work that goes on there. The Acting Colonial Treasurer And It will be aufficiently large to allow for an there they are inspected to aso that they increase of trade; and the same way with the sheep and cattle depota, they will ba laid out on such a scale as not

only to meet sho prosent but any probable increase in the

Whithead-I move

are it for slaughter.

The vote was agreed to.

SLAVORTER-HOUSE AND SKEEP AND FIG

DEPOTE.

future.

Mr

that The next items was Slaughter-house and item abend over until further information Sheep and Pig Depote, estimated total cost has been received. If it comes to a question $90,000; notimated expenditure to let of amount I think it will be very difficult December, 1890, 65,000; estimated ex- for me to vote if the amount is challenged, readitore 1991, 960,000.

If we are called upon to say whether the work ought to cost $10,000 or £60,000, I shink we ought to have some plans before The Surveyor-General-They fred on

us and the requirements of the Banitary the amount of accommodation before my Board. It is

Mr Keswick This seems an enormous

sum.

Rrrival. The number of sheep and pigs, Committenssible the members of the

especially pigs, is great, and it will be a very large depot.

when they see theis may come to the conclusion that, although a large sum, it is a reasonable-out.

is reaso

Mr O. P. Chater-That hears

out my

The Acting Colonist Treasurer-It is unnecessary to have a depot for pigs, sure-contention that votes ought not to be asked

ly.

of

The Survepor-General-Thore is a very voluminous correspondence on the subject going over ten years. In the first place, pigs are kept in places whore they cannot be proparly inspected, but the chief cb jection to the present system is that they are stowed away one on top

another, and it is very desirable to do

something from a humanitarian point of view.

The Acting Colonial Treasitrer-It is on heard ship they are atowed like that.

The Surveyor General And in the do- pats also.

The Acting Attorney-General-I have seen people walking over them. I thought

for until the plans are decided on and ten- dera recolved. The item slanghter-house

i

p

put down, but we don't know what we are called upon to vote this large sum for. I think if these matters were brought before the Public Works Committee in the first instance and then before the Finance Com mitten, ire would get through the work mah batter.

The Surveyor General-That would be the best plan probably, but this partienter vote has been discussed from year to year. Mr Byria-How many piga ara alaughter. ed? There have been various statement.E to the number.

The Acting Colonial Treasurer-Eighteen

I think

it had been provided for years ago, the hugo Kal-1,829 a day

matter was so strongly represented in 1875 and 1870.

The Surveyor-General Mr Granville Sharp wrote to the Government. several times drawing attention to the subject.

The Acting Colonial Treasurer-Yor Mr Ho Kai-Oh! no, not think.

many, I

It was then decided to postpons the vole

In the depot they would not be kept in until the information asked for was re

cartaio

cages but

Mr.

Quotations.

HONGKONG, December 8.

ола

That at the same time it strikes an outsider tions taken by the directors to pre. money should be coming in. Bas not our company to put before you, but the circum! would be wall, with your permiso Kai-Then it, is a Temeunorative OPIUM-New Patus, oath,....... 4027

Inan

That

and

I

120

Kol the withholding of leases, at at Kowloon, and it appears there are That in the report of Mr Abrahamson on worth the freight. Then wa hare the to see a call-I mean in order to carry it kuuwe, bad any idea of Thes to have biloo Committee to alart a list looked upon as a very profitablo invest- |

vernment.

Memnon

nen on its last trip bringing here some

to mid. think some explanation of this is very greatly needed,

the East Borneo Estate, the word Exton or twelve loge that are rotten from ond perience is printed with a capital E. That I am sorry to see by the Police Report that the Marina has been drift. ing.

BROWNIK

THE CHINA BORNEO CO., LIMITED,

B. Layton (presiding), B. L

ral

0.

to

The Chairman-You are quite right. Some explanation is daa, but it is difficult t explain it

It is only a little time st once.

tendance &c

have

are some

Mr Chater-Then do you abandon the present slaughter overal-

The Surveyor General-When the new ono is built the old one will be abandoned.. Mr Chater You would got something for that

The Sobably:-Y.

The Acting Colonial Treasurer-Is the work commenced yet 7:

cash.... New Benares, cash, 480 Old

caab, 481 New Malwa cash,.. 300 Allowance, Thela... 24/40

Old Malwa, cash 510/590 Allowance, Tacle.. 10/13 Persian, Oily, sanh, 450/480 Allowance, Tacle, 32/48 Paraian, Paper tiad 475/500 Allowance, Tasle........., 60/UG -

Exchange. HONGKONG, December 6. London -

Bank, Wira,...

>*

On demand,

1- 30 days sight, "

4 months night,

215

324

* 3/4

Uredila, Documentary, 4 months' sight, 3/5) On Paris

Mr Fenwick-Thers must have been some Against_thia, tho value of the Village

$12,000 1800 Crop, less IPENIS. money coming in. the Ordinanca giving the powers to

The Chairman-Yus money has been com-We have had a very anxious time to find the

Board down for a third reading at the details with him. I made a great many

ing in and going out.

fande for the Company, and it has boop due De Foawick-Me Abrahamson hos bconto London Agents that any monies have next meating of Council.

notes at the e meetings, and I think I can ea

THE PROPOSED JUBILEE ROAD, Tust the Board consists of a Judge (artify you that we are pursuing a prudent present at three meetings now and lina given buen forthcoming to carry on the work of

Justico Clarke), Surveyor General, At-

To the Editor of the CHINA MAL con-80 in recommending a wholesale radac-s very little information indeed

1 ex-the Company to the

at present going 단 Call

flongkong, Dec. 6.

in pens. After they arrived at ceived. Registrar General, with the Latr Officer course

wing what is the business at Sandakan. course no means of knowing

Sre,-I am glad to see that the sug the deput they might be kept a the Company must cenas to work through, as Secretary

position of our affia in Sundakan as r That such a Board ought to be able to deal

shortly, the time will be to much approval. Your morning con in proper pone. fairly with the claims for lenses or for fards timber, but I am told that recently, knows very much about what is doing at a wind up its affsira, and unless we boar gestion of a 'Jubilee Road has mot with number of days, but they would bo`kept |

vers In fact within the last few days, a portion

past fo

At Frug planting for next season. temporary, however, is one of the few dig Mr Fenwick-It seems, so far as can be

Mr Ho Kai-Don't you make a charge? compensation, need not be seriously of a cargo which arrived here from

Am sorry that

in auch an un- there is Very

The Acting Registrar-General-Yor. septiente, I have heard and some of his questioned, more capecially as the Chair Sandakan, is rutten from end to end, nade out, that our sawmills at Sandakan are satisfactory account of the position of the statements are open to argument, I think

(the Judge) has a casting vote.

27 this in spite of all the precza- being worked at an immenso proát, and comp

that Alancea hare been so often discussed to ventilate them. He says

The Surveyor-General-A sufficient fee sub. as unwise that there should be no appeal vent the shipping of such timber.

What

bank overdraft been reduced within the amongst us that

think there is little

scriptions

riptions would not flow in for such a should be charged to pay interest. either to the Governor or the Fall Court,

more to be said. I can only regret that purpose. The beat way to test this point Tho Acting Registrar General When question

ought to be put ia Council could be more discouraging than this? past month

Tho Chairman--I believe it has been. I dava a report an regards the wood

tobacon-growing acema, such a very ex and also the scheme's popularity would be this was before the Sanitary Board it was Mr Fenwick If the business coutinnes pansive und

undertaking,

more so in fact than

for tho already promised by the Qologs visible that are quite unfit for aalooying as it is at present will it be necessary anyone, even of those who

end iperta promisea subscriptions if the mont

of me scheme is curried. on as it is at present?

Mr. P. Chator-It is a very advis items in the accounts in regard to which As

The read

not being a perable move, especially na itomes from the The Chairman-I think if we could get remarks have been made. The item re-sent

ant factorial, I can only point, te Samiary Bar, but I think the items of some money it would be advisable.

Mr Wicking. Would not a smaller call do?

ferring to the engagement of coulies, amoon- the Kennedy and Bowen roads, which I $90,000 is very high indeed. ting to

to $7057.84. in one. This amount is think are fairly permanent menioriala to The Surveyor-General-That includes Tive dollars would; give you $35,0001

arrived at in a perfectly satisfactory those Governore. I don't think the Jubilee the site. We are taking away the hill aido The Chairman-The curious thing is that for us the account is concerned. It is a road would be more likely to be misnamed and reclaiming land formerly of zo value, the Committee recommend a cail of $10, ago that I heard of it. I should be glad to many of the shareholders object to pay it, for Borner is perhaps one of the greatest Aberdeen sonda, the names of those two

Mr Fenwick-We du ndroosts it, but very large expenditure, but quite una than the above two. As it would only be in fact we are making land for this par- On voidable. The engaging of Chinese labour the road connecting the Shaukiran and poss give the foformation at enou, but it le tue and perhaps many of them can't pay is difficulties wo have to centend with thero. roads would not need to be changed any possible. We

Wo have, however, written for Perhaps a smaller call in the meantime Another item is that of medical at more than the part of the Queen's Road The adjourned antal meeting of this explanation with regard to the busi. would do..

Mr

amounts to which company was held tu-day at the Heng.

Mr Gomes--I don't think they would pay That also is a very large sum, bat

to $4,000. which would form part of the chain,

it With regard to the sad only being us. kong Hotel. There were frosent! Mere Be before us I think it would be best to-

20,000 any calls with the present manager in includes the feeding of coolies who were ill, ed and enjoyed by a comparative few,

Sandakan, because they would think it L Dalrymple, let the directors have thusa T. E. Davies, E. A. Solomon, D. R. Sageworth of shares cancelled as soon as pos- would go the same way as the rest..

large number of them were, and Jockey's comparisons with Singapore sise medicines and so on. That is also and Shanghai should be conclusive, that The Chairman-As a if soon (directors). E. E. Abrahamson (Geno- sibts and leave it to their discretion to re-

duca the

of the paid up capital Manager)

rind, as they may this

the company at

you take the accounts you alter of fact is an unavoidable expenditure; we must the natives are only too ready to avail J. Hirat, S. A. Josephs later airman-I understand your sug there is, indeed, & surplus of deal from sickness last year, and in that natives drive out by

think beat.

doctors and we must pay for them. themselves of the benefits of good S. B. J. Skertolley, W. Parlane, N. J.

The Surveyor-General-The work is well Company is

perfectly solvent, and that The coolies unfortunately suffered a great roads. In both the above, places the advanced. Kobinson, J. S. Parry, H. Winking, G.

considerable

the hundrede, U. S. Sharp, F. A. Gomes, A. B. Restion is that on the $70,000 being re- Fonwick L Darby and L. Hallward turned the question of the further reduc. assets over liabilities.

The Chairman-Do you think you can hare your Johnson,

and country we have no guarantee against the

would

doubtless they

the same hare spend 660,000 next year 1 tion of the capital of the company in left steamers, launches and

the money

if they (Secretary).

'same thing in the future. There are now i had the

opportunity.

The Survayor.General-I hope so. The less in the

the hands of the

16 mon ja

At the present tino Bongkung is shoul mattor has been so long talked about it is. which we don't wish to Bell. At the

further that I need refer to meeting is called in accordance with the resolution passed on the 22nd November, un as it is possible to do so,

Mr Wicking-It was

revenge. I inherited the project the investigating

questions committas

WAS from people's

COROT." and during the fortnight that hor

elapsed ne

cerit, he acounts, but as you have ex- Increased pi could doubles be done very continues

shall confer with them suggested that a call should be made. and we considered the Report on this

cannot underst have no doubt of the Committee you appointed to go it is our intention to render a half year), I doubt that the trouble in matter.

Mr Wicking-There is not the slightest plained them so fully, I think it now much cheaper. In Shanghai the set of an how the necessity can arise of spending biay

ulao say it the working of th

of the Company, and I shall be 15

We are certainly in an afternoon drive for a native is very small, such an enormous sum an $99,000 for the Berount if

When the company possible.

oney would be in Mr Ar glad to hear any remarks any one may care

but I daresay We who

that to but still there are many Chinamen there accommodation of sheep and pigs and the Your Directors was started the accounts were a very longagement. There is a want of confider cour

82 for a drive round the Well in slaughter-hogae adjoining Luk at the Gold Leaf, 100 bro...... Alarga extent in him. tima in being arranged, but the books are

base had

ten, onuses the we have had peory living Sovereigné (Basso buying rato) 1.40

and Mr N.. J. Robinson- great deal has to

for it, and I to pay dearly

daresay are as rich patires here as there. It is a keeping ench

Having duo regard ench depo's son is in communica

Rin

inabeger. Why nut ยย

will be able to reap the fruits of our e

Our expe

* Road making," as the Daily Press that coal very little.. For 30,000 you might what they will be from

quire into what we are worth.ant what the shareholders of the present Company will very properly sage, is essentially Govern build a

palice. have

observed another year to waiting

Mr Fenwick--I would ask Mr Abraham. be disposed to subscribe maro capitel.ment work, and the Road round the Island mark made by the Surveyor-General to the Nither the Captain, the Agents, nor

Mr Gomes-I think the

but if it ie not effect that the Jand

which these satisfactory.

While & heer.)

the done as a Jubilee is in this very

tinteads to

to make, he thinks the peculiar stats have received a letter from shareholder Company 13 in

business will pay

beranse of of the company, present position of

to be little chance

ance of any one at prezent in claimed or excavated from the hill, and Crew of the following Trasele, during commenting on several of the Committee's the oftener accounts are presented the

it will

think the course they are away from the pines where the Colony aver seeing it. What we want that that was because it was cheap, but if their stay in bonghong Harbour Mr Abrahamson---I certainly t meet.

the should be's

gar besiness is carried on, but I think they is the Read now and I think you will this sum consists chiefly of the money apont recommendations, and I shall be glad if he botir. I think

balance គូស កម

L. HAGEN, German barque, Captain Otto the shareholders to have & of

side. will state his views to the meeting or if he

better advised by their find that the public wil be willing to pay in excavating, los led it is very quarto Busch-Wiser & Go, been to have. Mr Feawick

ought reminded the half yearly weeting prefers it, I will read his letter.

about May. We shall

deed. Although I have the greatest respect. that the balanca માત krow

the payment for thair to be attached to, irim for keeping us in good deal more about the gotdal

at ouse. amount to get the boon

LOTUAIB, British batque, Capt. Thos. G.. Hongkong, Des. 2nd, 1890. position of the company then at the tobacco land would have to be paid in Jums ignorance of the state of the company s There can be little doubt that the Board it is not desirable, as | view it to

Souuer the Road is made the bolter, an ostry out these schemes in a very expensive Moped, American barqueatine, Capi, P. Borned Company Limited.

now is that Mr Wicking should make guine about getting an extension of the

later it is left the more diffoult it manner, because the colony runot afford Bosch-Soy Chong, but Gentlemen, The Report of the Commit. proposal on the lines of his suggestion and

time for payment. It had already been extended once, but he seemed to think he point on which 1 think you are wrong. It

Sr. NICHOLAS American ship, Capt. 0. of e not today that we have acertained the Some the present roads are already other Way to

meet the meeting to report on the position of the meeting. Mr Abrahamson, however, would Company, hes before me ; as I differ in an like to pay a few words in relation to one of further extension was ret has been a matter of great concern to us iuxtance the Shaukiven Road where it to spend 880,000 for depots of the nature veral onential points from the recommet two points,

passer the Tai Koo Roinery. The road ral rred to appears to me really very gread dations made I beg to lay my views before

Bot

the land at 82 Mr Romer-Ve

Yes, but that was long after should be made as wide as possible, (bow oriravagance

Per 8. 8. Arration Apeur, sailed Calculia much better it would have been if tha The Chairman By low mach would November 19th: For Hong kong, 510 chests cannot see any I am pleased to be able to inform you that, This was a matter ought to be locked itacif If we had had the information before

present bat imaginary benefits in reducing tho caso far, my efforts to itduce my co-vendors

into very closely on ht

the width when it was first planned, for to Mr Kenwick For any such work as 101 bales Coston, 150 bales Cotton Yarı,

The

mure or

directors,

la locked

mille ch

ini

do

The Chairman said-Gentlemen, this and that they will go into the subject sell, and this property, which we can't

aame time there is no loose money in hand Anythingpital. I don't think there the most expensive place in China to keep very desirable to get it finished, so as to and that is the reason why the Committee Chairman, to ask a fawy intention, Mr nonies, and this puts the luxury beyond bring in »*

yu

to make regarding same.

Mr Abrahamsen

I

บ

still

unnecessary,

Hunfortunate pould not be

aud

with

the

my

M

by

have to inform you that as reperate new ia far better order, and I think I can I beep asid about a want of confidence the Company which takes over the business notable fact that the only Brougham in 'to proper and humane trostmant of the Roth the partners in his late firm as to accounts from June to Desember this year... a man down there from Hongkong to in- riesca. At all eveuia I don't think the long for hire in constantly used by dumb animals, des put them in theda

tion

to say that about May next we shall have the cancelling the fully paid up shares gested by the Committee, and there is little

ares as with a

sketch

of

you,

instead of

the

Dar

On demand,...

4.27

Credits, 4 monthe night, On Berlin

On demand, ...

3.41

On

New York.

On demand,...

Credits, 60 days' Right,

Ou Bombay

2204

On demand,

221

On

Caloutta Wire

2201

On demand,

On

Shanghai

ra demand,

30 days' sight, private paper, 721

........831.40μi tuul

Wired

Not Responsible for Dobta,

the re

Onmors will as Responsible for

doubt but that the vendors will meet mary to the following March, to lay he- | future of the company is likely to be i absreholdera wishes in this respect, and lays a mosting. Ithink that will be much on if; when he has made the redactions Hongkong are not at all responsible for will come sooner on Ister, there appears depute are to be, constructed has book to any Debt contracted by the Offisme er

therefore that portion of the report may

be considered as accepted. Ths Directors

3

shareholders Sandakan manager. I think thero is blame (in the forci of subscriptions), a modernto the recommendation of the Banita Evans-Gibb, Livingston & Co.

The

for

to and some

To the Board of Directors, The Chins praecat time, What suggest an advisable next, Mr Abrahamson seemed to be salto Chairman-i; may say there is one probably be to get the requisite ground; it, and it ought to be phes of the Sani tes, which was appointed at the annual that would conclude the business of the coald gat it extended two or three position of the company for the first time; uncomfortably narrow in places, for tary Board and the dedetaitles of tho once, Carver,-Douglas, Zapraik & Co.

you,

they

21

IMPORT CARGOES.

Mr Abrahamson said-With reference $30,000. De able to pay the since January-Jabk," Reduction of Cavital Tonto the $70.000 balance of good will account, an acre and it was now worth $5 oz E. the company was in a position to tetrieve Queen's Road had been made twion you more that the vote be reduced? Opium Patna, 2015, chosts Opium Benares, Mr Wicking then proposed that the di. He might have been able to do beiter tidon it now is next to an alter im that I should think the colony could be balee Gunaios, 946 bagn Saltpetre, 1,000

pital after the return of $70,000 paid for to give up sufficient sharer to wipe out this the good-will. The capital would then account have been successful. It inuet retors cancel the 870,000 worth of shares stand at $382,000 might point out that easily take some time to capsult those returned by the vendors and that it be left to capital of $267,000 is only about 15 per last meeting regarding sumo 310,000 which the matter relating to reduction of espatul cant, and that other companies in starting has already been written off good will ec Mr Fenwick seconded and the motion hare suffered similar losses We have count. I think we must bear in mind that was unanimously carried.

bare done.

The Clafculin-Quite fight.

and

the loss sustained of $10,000 on a paid-up | at a distance. Retorence was mando at the the ducretion of the directors to deal with for the Sandakay manager to tell you what for riding.mad would be from times. I can hardly wagine an open shed Rattans, 105 slaba Tin,48-baskets Bugar,

Mr Abrahamson. It was quite impossible the other half being left all metalled well supplied by spending $20,01 Gesin Broken Rice, 208 Sapers, 000

as a soft road should be an open shed with a good floor so 1,197 bags Mangoe Bark, 4 bag news stop that it could be properly cleansed at all 3,593 bags Bean, 560 bags Sugar, 350 plouls

bags Estelauts The benefit such a milltary point of view needs only to be coating 820,00,

818 basketa Hide Catlinge and 1,181 page, hinted at, and should the proposed porpa

the crop would be. As a director and agent

in Sandakan I must say it is due to the manager that we have done as well as we

The_Survopor-General-It has beau Euadrica.