41
6
39. Such proxy can also only hold a total of twenty-five votes.
40. Appointment of chairman.
41. Resolutions to be passed by a majority vote, the chairman having a casting vote besides his personal vote or votes.
42-62. Elaborate rules for election of directors and auditors, of whom there are to be eleven and three respectively, the former to serve for three years and the latter for one.
(Translator's note. Rules 4 and 5 are not indicated in the text.)
VI.
63. General Director and Assistant Director. These are Imperially appointed.
64. Their duties.
65.
VII.
66-70. The Company's officers. Their duties, &c.
VIII.-Work.
71. The sections of the line detailed in paragraph 2 will be undertaken separately and not confused one with the other.
72. At first Chinese engineers will be engaged. If it becomes necessary to engage foreign engineers, the Company will draw up satisfactory agreements with them defining their powers.
73. The railway will be a single line of 4 English feet and 8 inches (standard gauge), but with earthwork for a double line.
74. Expropriation of land to be carried out on the same basis as in the Pei-Han and Shanghae-Nanking railways.
75. Compensation will be paid for houses or graves which cannot be avoided in the route of the line.
76. Purchase of materials and contracts for work will be made by public tender.
77. Preference will be given to materials of Chinese production provided quality and price are favourable,
78. The railway telegraph and telephone service will be subject to rules to be drawn up separately.
79. Wherever the Company's lines join the lines of other Companies an agreement will be drawn up for mutual running rights.
IX.
80. The Company's accounts were opened at Shanghae in the 9th month of the 31st year, and to the end of the year form one division. After the 32nd year of Kuang Hsu (the current year 1906) each month will have its statement of account and each year its general statement, setting forth the Company's capital, land, materials, work, expenditure, revenue, &c., which will be printed and circulated among the shareholders.
81. As each section is finished traffic will begin. Out of receipts, after paying interest on shares and all expenses incurred by the Company (but not including the construction expenses of the second section), all that remains shall be divided into twenty parts (here follows method of dividing the bonus).
Articles.
X.
82. The Company will draw up subsidiary rules for the carrying out of the above
83. These Rules are of a temporary nature, and subject to alteration by the shareholders meeting as occasion may arise, and by reference to the Board.
7
Inclosure 4 in No. 1.
Memorial from the Board of Commerce respecting the Scheme of the Kiangsu Gentry to construct their own Railways in their Province.
(Translation.)
(Approved by Rescript May 25, 1906.)
IN compliance with the Kiangsu gentry's Petition, praying that they may construct their own railways in their province, the establishment of a Company, the electing of a Chief Director and Assistant Director, and the registering of the Company beforehand, we, the Board of Commerce, beg to memorialize the Throne upon the subject.
During the 4th moon of the 32nd year of Kuang Hsu (April-May 1906) we received a Petition signed by the Kiangsu Metropolitan officials and gentry, and headed by the Secretary of the Hanlin College, Yun Su Ting, with 156 others, stating that recently the customs of the country have greatly changed, and that everybody knows the benefit that is to be derived from constructing railways, like that of Anhui, Kiangsi, Szechuan, Kuangtung, Fukien, Chekiang, and other provinces, where the respective gentries have met together and decided to build their own railways, and which has received the sanction of the Throne. Kiangsu Province is noted for its importance for its easy approach by sea and river, and is a grain-producing province in the south-eastern portion.
The Shanghae-Nanking Railway has already started its construction work with a foreign loan; there remains, however, many branch lines to be surveyed and built, and so the gentry of the province have met on several occasions and have decided to issue shares to the amount of 10,000,000 dollars to establish a Company to be called the Kiangsu Railway Company (Limited), the promoters of which will subscribe over 1,000,000 dollars for the expense of the survey and starting the work, and the remaining shares and interest for the money before the construction work is completed. They intend to manage that according as circumstances permit, and to devise other plans later on.
Only the work is so great and so important it is necessary to first obtain a man who is well experienced and who will be looked upon with full confidence by the natives of the whole province to take charge of this important position.
In order to insure success, we now elect the Vice-Chancellor of the Board of Commerce, Wong Ching Moh, as Chief Director, as he is well educated and careful in his thoughts, and the First Secretary of the Board of Commerce, Chang Ch'ien, who is well trained and experienced, to be the Assistant Director.
They are to take charge and transact all matters of business in connection with the Company, and we are sure that it will be a success and to the satisfaction of the gentries of the Kiangsu Province, who have planned this matter for the welfare of the public.
Su Ting and others, who are Metropolitan officials, and some of whom are scattered in their native places, we have communicated to them by wire, and they are of the same opinion.
Besides the survey, collecting of money, the issuing of shares, and the starting of work, the Rules and Regulations when finally decided upon will be forwarded to the Board of Commerce for decision.
The above is the general plan for the co-operating of the Kiangsu Railway Company (Limited), and the election of its officials. We therefore beg that the "Board" will memorialize the Throne for their Imperial Majesties' sanction.
We, the Board of Commerce, again in compliance with a letter from the President of the Board of Works, Loh Jen Siang; President of the Board of Ceremony, Loh Pao Chung; Grand Secretary Woo Yu Shen; Assistant to the Department of the Imperial clan, Cheng Ming Kang; Vice-Chancellor of the Board of Foreign Affairs, Chow Chia Lai; Acting Vice-Chancellor of the Board of Foreign Affairs, Lai Pa Tung, and others, regarding this matter, agreed that the Kiangsu Railway Company should be established and work begun upon it. Again, as they were natives of that province, they should give their support to the matter. As Wong Ching Moh and Chang Chien are well up in modern affairs and have the confidence of the people of the province, if they are allowed to take charge of the Company, they will surely make a good display of their ability, and so they therefore prayed that we would sanction their request.
We, the Board of Commerce, find that the Province of Kiangsu is rich in productions, it is easily approached by sea and is intersected by the Yang-tsze, it is bounded...
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1
41
6
39. Such proxy can also only hold a total of twenty-five votes.
40. Appointment of chairman.
41. Resolutions to be passed by a majority vote, the chairman having a casting vote besides his personal vote or votes.
42-62. Elaborate rules for election of directors and auditors, of whom there are to be eleven and three respectively, the former to serve for three years and the latter for one.
(Translator's note. Rules 4 and 5 are not indicated in the text.)
VI.
63. General Director and Assistant Director. These are Imperially appointed. 64. Their duties.
65.
VII.
66-70. The Company's officers. Their duties, &c.
VIII.-Work.
71. The sections of the line detailed in paragraph 2 will be undertaken separately and not confused one with the other.
72. At first Chinese engineers will be engaged. If it becomes necessary to engage foreign engineers, the Company will draw up satisfactory agreements with them defining their powers.
73. The railway will be a single line of 4 English feet and 8 inches (standard gauge), but with earthwork for a double line.
74. Expropriation of land to be carried out on the same basis as in the Pei-Han and Shanghae-Nanking railways.
75. Compensation will be paid for houses or graves which cannot be avoided in the route of the line.
76. Purchase of materials and contracts for work will be made by public tender. 77. Preference will be given to materials of Chinese production provided quality and price are favourable,
78. The railway telegraph and telephone service will be subject to rules to be drawn up separately.
79. Wherever the Company's lines join the lines of other Companies an agreement will be drawn up for mutual running rights.
IX.
80. The Company's accounts were opened at Shanghae in the 9th month of the 31st year, and to the end of the year form one division. After the 32nd year of Kuang Hsu (the current year 1906) each month will have its statement of account and each year its general statement, setting forth the Company's capital, laud, materials, work, expenditure, revenue, &c., which will be printed and circulated among the shareholders.
81. As each section is finished traffic will begin. Out of receipts, after paying interest on shares and all expenses incurred by the Company (but not including the construction expenses of the second section), all that remains shall be divided into twenty parts (here follows method of dividing the bonus).
Articles.
X.
82. The Company will draw up subsidiary rules for the carrying out of the above 83. These Rules are of a temporary nature, and subject to alteration by the share- holders meeting as occasion may arise, and by reference to the Board.
7
Inclosure 4 in No. 1.
Memorial from the Board of Commerce respecting the Scheme of the Kiangsu Gentry to construct their own Railways in their Province.
(Translation.)
(Approved by Rescript May 25, 1906.)
IN compliance with the Kiangsu gentry's Petition, praying that they may construct their own railways in their province, the establishment of a Company, the electing of a Chief Director and Assistant Director, and the registering of the Company beforehand, we, the Board of Commerce, beg to memorialize the Throne upon the subject.
During the 4th moon of the 32nd year of Kuang Hsu (April-May 1906) we received a Petition signed by the Kiangsu Metropolitan officials and gentry, and headed by the Secretary of the Hanlin College, Yun Su Ting, with 156 others, stating that recently the customs of the country have greatly changed, and that everybody knows the benefit that is to be derived from constructing railways, like that of Anhui, Kiangsi, Szechuan, Kuangtung, Fukien, Chekiang, and other provinces, where the respective gentries have met together and decided to build their own railways, and which has received the sanction of the Throne. Kiangsu Province is noted for its importance for its easy approach by sea and river, and is a grain-producing province in the south-eastern portion.
The Shanghae-Nanking Railway has already started its construction work with a foreign loan; there remains, however, many branch lines to be surveyed and built, and so the gentry of the province have met on several occasions and have decided to issue shares to the amount of 10,000,000 dollars to establish a Company to be called the Kiangsu Railway Company (Limited), the promoters of which will subscribe over 1,000,000 dollars for the expense of the survey and starting the work, and the remaining shares and interest for the money before the construction work is completed. They intend to manage that according as circumstances permit, and to devise other plans later on.
Only the work is so great and so important it is necessary to first obtain a man who is well experienced and who will be looked upon with full confidence by the natives of the whole province to take charge of this important position.
In order to insure success, we now elect the Vice-Chancellor of the Board of Commerce, Wong Ching Moh, as Chief Director, as he is well educated and careful in bis thoughts, and the First Secretary of the Board of Commerce, Chang Ch'ien, who is well trained and experienced, to be the Assistant Director.
They are to take charge and transact all matters of business in connection with the Company, and we are sure that it will be a success and to the satisfaction of the gentrics of the Kiangsu Province, who have planned this matter for the welfare of the public.
Su Ting and others, who are Metropolitan officials, and some of whom are scattered in their native places, we have communicated to them by wire, and they are of the same opinion.
Besides the survey,
collecting of money, the issuing of shares, and the starting of work, the Rules and Regulations when finally decided upon will be forwarded to the Board of Commerce for decision.
The above is the general plan for the co-operating of the Kiangsu Railway Company (Limited), and the election of its officials. We therefore beg that the "Board" will memorialize the Throne for their Imperial Majesties' sanction.
We, the Board of Commerce, again in compliance with a letter from the President of the Board of Works, Loh Jen Siang; President of the Board of Ceremony, Loh Pao Chung; Grand Secretary Woo Yu Shen; Assistant to the Department of the Imperial clan, Cheng Ming Kang; Vice-Chancellor of the Board of Foreign Affairs, Chow Chia Lai; Acting Vice-Chancellor of the Board of Foreign Affairs, Lai Pa Tung, and others, regarding this matter, agreed that the Kiangsu Railway Company should be established and work begun upon it. Again, as they were natives of that province, they should give their support to the matter. As Wong Ching Moh and Chang Chien are well up in modern affairs and have the confidence of the people of the province, if they are allowed to take charge of the Company, they will surely make a good display of their ability, and so they therefore prayed that we would sanction their request.
We, the Board of Commerce, find that the Province of Kiangsu is rich in produe- tions, it is easily approached by sea and is intersected by the Yang-tsze, it is bounded
[2183 ƒ-8]
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1
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