The Hongkong Distilling
could not be made to pay its
way, and,
after repeated and heavy losses on its consignments, it succumbed, and was wound up by the court, within three years of its incorporation, with the loss of its entire capital of Dollars One hundred thousand ($100000) and an additional amount of nearly Dollars Twelve thousand ($12000).
The building and machinery
then came into the hands of their
mortgagees,
Mr Jack and a Mr Sammont, who worked the establishment
for their own account, until the death
of the former in August 1878. Their operations resulted in considerable losses.
After Mr Jack's death, the manufactory remained in disuse,
until we bought it, except for about two months, during which we worked it, in order to test its capabilities.
In 1875, the Sugar Refinery,
which ultimately developed into the China Sugar Refining Company Limited,
commenced the distillation of spirits, under a license, on its own premises, on which a fee of Dollars One hundred ($100) was then and has since been paid annually.
The Hongking Distilling
could not be made to pay its
MA
447 lov
way, and,
after repeated and heavy losses on its consignments, it succumbed, and was wound up by the bourt, within three year of its incorporation, with the loss of its entire capital of Dollars Our hundred thousand ($100000.) and au additional amount of nearly $57 Dollars Twelve thousand ($12000.)
machinery
The building
aud
then came into the hands of their
Mr Jack and a
CA
Mer
Sammont, who worked the establishment
mortgagees,
for their
OLVA
account, until the death,
of the former in August 1878. Their operations resulted in very losses.
until wr
considerable
After Mr Jack's cleath, the manufactory remained in disuse,
bought it, except for about two months, during which we worked it, in order to test its capabilities.
In 1875, the Sugar Refinery,
which ultimately developed into the China Sugar Refining Company Simited
commenced the distillation of spirits, license, premises, under a
in its own
a
fee of Dollars One hundred
on which ($100.) was then and has since been
annually
ecis
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