1906-03-29 — Page 3

ormer step has been taken and that work on the line las sotnally book began.

As regards the Chinese extension great difficulty has been experienced in ontering on negotiations with the Viceroy of the Two Kwong. These, however, have recently been vercome, and it is hoped that the negotiations how in hand will result in the conclusion of satisfactory agreements between the Corporation, the Viory and the Hongkong Government, and the early commencement of construction on the Chinese section of the railway

British interests.

Years WAK DE

.

SUPREME COURT.

Wednesday, March 28th.

IN ORIGINAL JURISDICTION.

BEFORE LE FRANCIS PIGGOTT (Chief

JUSTICE).

into

THE PHAK TRAMWAY LITIGATION.

扁

THE HONGKONG DAILY PRESS, THURSDAY, MARCH 29гm, 1906,

פיי

ujaaction be

facing held be embor of this Chamber, being Ginally passe: Play Bill was not passed the decision of the liquidators or the company. iug granted on this ground, certainly not at the

Bouve

sention.

there obtained all the

lost a cheery and warm-hearted personal friend. I 1905: and in Muy of that yeastarted by the defendant company; there may be scme of course affects absent as well as dissentient

the

A

the

be

tive tactics of the bigb officials, greatly to be deplored in the trus interests

confidence alets and

Way

with

the

Feil as one doomuent, and indrod it

The

is no such express statement, but there

is

021A

in socordance with article 101 of the Articles

KODAKS AT HOME PRICES.

No. 8 FOLDING POCKET KOVAK (£9-12-82.) $88.00

+ 4 CARTRIDGE

(L5-15-0d.) 800,00

LONG, HING & CO..

OUR SPECIAL

BLEND OF

FINEST OLD

SCOTCH WHISKIES.

sny

No. 17, QUEEN'S ROAD.

"CLUB'

SCOTCH WHISKY

$14.00

PER DOZEN.

H. PRICE & CO..

t

for

, but

the company reverts to its

8

PUREST

LIGHTEST

AND

[35

THOROUGHLY

MATURED

IN WOOD.

12, QUEEN'S ROAD CENTRAL.

225

BABY GIRL'S

AWFUL HUMOUR

Would Scab Over, Break Open, and Be Raw-Intense Suffering for Two Years-Doctors and Medicines Failed to Help Her.

CURED BY CUTICURA

WHEN ALL ELSE FAILED

Writing under date of August 15, 1904, MIR. L. C, Walker, of 5 Tremont Street, Woodfords, Mc,, says: "My sister hud a terrible humour on her shoulder when she was eighteen months old, causing intense suffering for two years. We had several doctors, and tried everything, but in spite of all we did it kept spreading. One day it would scal over and then crack open and a watery matterooze from it and the scabs would all fell off. It would be raw for a time, then scah over again. Some one recommended Cuticura, and we immediately procured a box of Cuticure Ointment, and a cake of Cuticura Soap, She was much better after the first bath with warm water and soap, and an application of the Dintact. Before it was half goue we saw a marked change for the better, and she was entirely cured, without a scar being left, by the one box of Dintment and one cake of Soap. Her skin is now entirely clear, and she has not bad a sign of trouble since."

(1) The company has passed a resolution for their actions on anak models? The law has been roluntary winding up and has appointed hammered out in consequence of malpractices, quidators: therefore the two resolutions (and the irreducible minimam of information te and 2) which deal with these matters must

be given in the notices has been arrived at stand even though readiation 4 be held invalid in other words they must be fronted as possible information? It is only apparent, tox But why this apparent desire to give the least independent resolutions, all the rights of there was an inspired article in the newspaper, roluntary

liquidators thereupon accruing to the ant at the meating fall information was in fact liquidators appointed under them.

(2) That voluntary liquidators have, and for the sake of saving tramble, to have set ont a given. Surely, it would have been better, if only Judgment was delivered in the action at the therefore that these liquidators have, the right olon statement of the whole proposal in the to sell that property and undertaking of the notice. But although in my opinion such a clear In the menstime the Colony of Hongkong Hongkong High Lorol Tratawey Company and pany and to divide the proceeds: hence statement has not been giv

instance of D. E. Brown and others against the

nor even such in has by

also to determine the price per share at which formation as the decisions point to as requisite, Town of £1,100,000) to the Viceroy of the Two Hu enabled him to put an end to the Messrs. J. D. Humphreys and Sas, Mr. H.

the shareholders must part with their shares. I do not think that an injuration dan be granted foreign ownership of the Canton Hankow line. Pollock, K.C, appeared for the plaintiffe

(3) That in this case the liquidators have in

on the

grozi of insaffiel-ncy of notler, without ander which no progress was made, and it is and Me, E. H. Sharp, K.C., and Mr. M. Wfact exercieol this right or hare bocs directed reward to the nature of the information with-

Slade appeared for the defendants. also hoped that the construction of this part of

by the company to exercize it because what is held, more expooisily when the plaintiff has His Lordship said: the railway connection between Hongkong and

There are many interesting facts connecter implied in resolution 4 is that there in n sale of subsequently ascertained all he need knoty Poking may soon be procaded with free from

the old coucarn to the new cunguny for enable him to decide what course he will adopt. control prejudicial to the Colony's or is with this case, but the only material ones aro

the following: The Hongkong High Lore! price out of which 8200 per share will be paid fu Tiessen 1. Henderson the notice was held His Excellenoy has during his term of office Tramwaya Co, was rogistered in 1885, and after to the old shareholders, this being the price insufficient and an injunction granted, but not here already given many indications of his wish a Euw years' struggle for existence dovoloned which the liquidator or the company have dster an every ground. It was granted because the

mited to be the value of the shares.

intorests of two directors were not disclosed. Fory flourishing concern, paying That this asta is the first stage of the pro-But as to the position of Mr. Henderson, to do ali in tus power to promote the wall being of this Colony, and bis success in accomplishing gradually ring dividendte till 20 par at posed reconstenotion that it is a sals for cash, Kokowich, Justice, said he thought it would this work wil ern bim the lasting gratitude was reached in 1900. In 1901 Mr. Findlay and that the condition contemplated by section have been better, and made the mattor

Smith cogorived the idea of an opposition line of the people of Hongkong,

In condusion, gentlemen, I must state that to the Penk, and promated a Bill for that 202 of sale for shares in the new company has clearer, if his position had been a little not been adopted, and farther that it was not dwelt on: but as I understand the judgment, I am sure we all joined in a fealing of very purpose in the Isgislative Council of the eligatory on the liquidators to adopt it: and that sions would not have been sufficient for sincere regret at receiving the news of the Colony, which went as far as the second reading. thurofore that section 201 does not apply.

On December 13 of that year the existing

the injunction to have been granted. So in this death of Mr. Fullerton Henderson. Mr.

(5) That as there is no other protection to case, although I think it would have boon tutter Henderson was not only a very old and company sent in a petition asking the Council dissentient shareholders to such sabemos pro- and made the matter clearer if other inets hast

to impose certain conditions en ike promoters respected resident in this Colony but for many

of the new company in the event of the Divided by statute, the plaintiff has no right under been stated, I do not think the commissions aro

any other section to call in question or upsat sufficiently serious to warrant an post of Secretary. All of us who have known him will feel that by his death that year, but it seems that negotiations sent That they have, however, in the interest of emos instance of a plaintiff who did accept the notice we are the poorer, wails in him most of us have on he wen fan parties in which tas Gerent offered him arbitration, though not under this as a gammons to the meeting, who woat and

ment took part, which were contique! into the old With those remarke I would

necessary information, believe this covers the whole ground mised The refuam of the injunction on this ground that the report and accounts be posgadh

opposition, and company abandone Mr. A. FORBES said:-Chairman and Smith's Concession

-know-idea-of-combination Tho-term

minor points which I have omitted, but T think

shareholders: but I am not at all sure that an was used in orgy they will be found to be dealt with as I go absent abereholder is slogther deprived of effect:-The result of the meeting was alto- Gentlemen, I am have we all congratulate the

ment as a convenient term to describe this through the major argument of the company. remedy supposing hire to have bean Committee on the work accomplished during

injuriously the past year and thank the Chairman for his subject of certain contracts, one of which was of the consent of the Governor in Executive the romedy under section 201. It will be conveni-beon agreed to was not s

state of affuis: that concession was made the Tho first poiut to be considered is the absence affected by the absence of information, apart from gether different from what was proposed able speech on the situation. The unwilling the sals of it to the China Cerameretal Com Couacil to the transfer of the old undertaking to eat if I here deal with the supposed principle of

in the notice. The winding up which hod nees of the Singapore authorities to accept pany with a collateral contract to pay the thenew company. Although its

winding up to bring Lae terzos of the Paris Convention ja without

itseomai atone time law that the Court will not interface if the into operation the provisions of section 161: in brokora a certain sum. There was afterwards to be suggested that the necessity of this consent result will be to make the company do over doubt matter for much regret to Hong.

fast it was not the resolution of which notica a contract of sale of the undertaking to what would be contested, it was not and could not be, kong shipping intersete, and it is to Bu will hereafter be called the new company. It for the words are too clear to admit of doubt whether sucks a broad principle really trouble to attend an ordinary reconstruction again legally what they have done illegally. I had been gives. A shareholder receiving the hoped that the further negotiations now

notice might very well that he would not anding will be successful. I. Frens rather was in fact assumed all the way through the argument.

What the defendant did contend exists. Purlaud's case was cited in support of meeting, and at the same time have the strangest hard treatment to make Hengkong keep pledged itself to sanction the creation of the

negotiations that the Government had so far was that the negotiations between the Govern-it, where the rule laid down more elaborately objection to an ordinary voluntary winding up, to the 1 day period when 5 days has been

ment and the company had gone so far that by Mellish, Justice, in Macdongail defined by the experts as sufficient. The an.ow trariway that the Bill might be considered | noither the Government could withhold its (Ĩ Ch. D. at p. 25) was adopted. The question for the limited purpose of a reconstruction

Gardiner

which is something more than a winding 11 Botusl Boucement by the Chairman that a new through, an: the "concession

fact.

consent, or the company draw back from was whether an action in respect of something The learned Judge seems to be here laying This brings us to the period of combina- typhoon anchorage for email craft is to be taken:

tion. A circular was issued by the General indeed actually promised and virtually given should be brought in the name of the company winding up is one thing, but a winding up

effecting the transfer: that the consent was which had been done ilegally by the majority down a very clear proposition: a voluntary in hand shortly is very waloams here, as a

Managers on May 22, 1995, to the shareholders, to which the reply is inevitable-that may be or by cne shareholder on behalf of the othera.. larger and more convenient shelter would

very in which they were asked to sanction the recon greatly facilitate the work in the harbone.

the express object of reconstruction is another struction of the old company, the object of 50, but until the consent is actually given the But what sort of illegal act? One concerning From this other important consequences follow: Recent on nts have shown that the Governmor

of requirements of the law have not been complied the internal management of the company. which explained to bo can borrow money cheaply for railway, outside

to enable the cOTA- the Coinny, and I cannot help thinking that the any (ie. the existing company] to Lequire and sad the transfer cannot be offested. In As, to this soe the headuote in Burian's that if the reconstruction shemu iz ulira várcs

this connection it is important to remember case. It is an elementary principle of law and is set aside,

the winding up which was Chamber should urge on the Government the otherwise would be constructed bynn independent self, the Governor in Executive Connoil, with the internal management of the wom

construct a New Tramway to the Peak which

that the Government, that is, the Governor that a Court bas ao jurisdiction to interfers agreed to for 4 pole purpose of carrying it out must be set aside ton. Therefore, if a case advisability of taking similar means for necessary public works extraordinary such as this refugo. many nosely working in direct opposi and the Council of Government of which the

is made out of ultra vires sufficient for tho tion to this company. It was further stated

patios acting within their power." It was us I feel sure that members of this Chamber

Court to issue an interim injunction, it meat? endorse all the Chairman has said regarding that as the Cenoral Managers considered that is President controlling the ofeinl to such matters that Mellish, L... said "The

members, are three distinct bodies in the can be no we in having a litigation about it, the

take the form of suspending the whole of the the building of the railway to Canton, That the opposition would be fatal, arrangements system of Crown Colony government, sud alimsin sud which is only that, nesting ins rosolutions, including the one for winding up,

had been made with a view to the amalgama that there is nothing to ensure the same

and including also the one appointing the liqui the past year has witnessed commencement

to be called, and that ultimately the majority dar. Obedience to tao injunction there- of the welk shows at the line has ei last got of the two concerns, and that the proposed opinion being given by all three, or am I gets its wishes Neither the ques ion whether beyond the talking stage at any rate on the reconstruction would be advantageous to the at ull. sure that the question which unele bas to The notice is itself sutiloinnt, or auf cther ques

fore requires that the ligaidator should portion within British Territory. It is of vital to Pay (ie, the existing compary), and had decide is the same in principle in all thrus casos.

not set is such daring the continenace of the tion raised in this case, has anything to do with interest to this Colony that the lice shot the cordial upproval of the principal shore- The consent of Government comes in because the internal maustement of the company, and built with all spiced, and so pure the way for holders. A notice was' issned on the sumo day 180 Kill has not yet been read a third time. to upply this doctrine, otherwise perfectly in-

condition, and should be worked by the the network of railways throughout Southern Sotting out the resolutions which it was intended The company has offered an undertaking that telligible, to such a case as this involves a 22021 orarenching in ita consegueness: it is obvicus, manngers. But this principe la to propose in order to carry out the scheme as China, which will eventually, bu required it had been detailed in the circular. It was will not proceed with the transfer until sequitur: for it by no means follows that, if to carry gods and pussergers to and from

uch of the vital part of consout has been obtained. An auther meeting were called after this is that it cuts necessary untoral most conveniently situated gred that the circular and the notice were to undertaking not to do scmothing which you are sion, the majority would remain of the same i winding up wes for the purposs of reconstruc- the defendant's argument, la this case the port OR its harders, viz., Hongkong would not be possible to do otherwise. The cuticle to do any perhaps not amount to opinion. The reference to the regard which The general anti foreign tsudeney in China cambiard afford of than wist te vs mach, but coupled with what the company has the Conet should pay to the wishes of the

tion and for nothing else. It was not contended, at the present moment, and the obstructed it, although it must be antiged that there considerabla importance to what has been done/Majority in Fox's case relates only to the ister-intention of winding up so presparqua nor could it have beon, that thero was Buy already done I cannot disregard it. Tattaoh

ference with, a voluntary winding up by the more especially to the fact that a petition has

concern. The proposition destroys all that of trade, which only flourishes when mutant to the effect that the niceting was to be held bon presented to the Governor in Executive rant of an order for a winding up muder i part of the defendant's case which depends on

a minority. onudil praying that the transfer may be supervision at the request of a

the assumption that there was here a liqui- pass now to the moro serions question, the respected. The recent flugrout case of the of Association, The proposed resointions were sanctioned. I understand that all proceedings validity of the fourth resolution. This prinsipleator in a voluntary liquidation, who bal all

suspense pending the conclusion of this case. Southern Counties Eank v. Ridor (73 LT

relation to the bill and the petition are in

was ogain very cleary snunciated in the powers of a liquidator in an ordinary winding

tuo

up, namely, of selling the genera out-and-out The company has satisfied me that they intend 674), 3he Court was asked to declare a spocini aust Acceive for their shares. This is resily and fixing the price which the shareholders heat to an event to the registration of to comply with the law, and therefore there is resolation to wind up invalid because the

company with a Memorandum ead

ns ground for au injunction on this head. An notices were issued under that authority of a

the key-stous of the elaborate argument which Articles of Association which had been pro- injunction cannot be granted to prevent a person resolution passed at a meeting of the directors

was advanced behalf of the plaintiff, and if it is removed the whole of it must fall to the miles of the old company. (1) That The second point ss to the suffoiency of the Lord J, repeating what he had said in an earlier ground. Before therefore finally adopting this they should further be empowered to sell to notice is more difficult. The notice given is to case, uid, I think it is most important that proposition, I must be satisfied that it does not

new company the undertaking of the

the my mind clearly insufficient. It is alw I think the Court should hold fast to the rule upon

run counter to any of the decisions which were skits ofther is erst or shures of the Peaks and to be considerat at length presently, do purpose of forcing companies to conduct wich is itself valid, is not invalidated by the existing company at the price of $ELD

misloeding but this more on the technical which it has always acted, not to interfers for

cited in support of the proposition given on p. Tremway Company, Lid, at the option of that the eiftular mentions a reconstruction and their business according to the strictest rules, fact of there being associated with it resolutions 365 of Buckley, that a winding up resolation, shareholders of the existing company," and the zaslutions as explained by the agreement where the iregularity can be set right at any which have not boon regularly passed, or even lfect. These two document contained all the the defendant cestouded, that such a sale the Court has acted over since the caso of

moment. That is the doctrine upon which if they were alte vires. In re Imperial Bank information that was given to the dareholders

of China (LR. I Ch. at p. 347) Tamor, L.J., Imperial Government had taken steps with! before the meeting. At the meeting 35 shaco, amonated to a reconstruction, it was a sale with Foss v. Hurbottle, reported in Hore, Paid If the resolutions for the volunton

an option to take shares in a new company, 461. I must first dispose of the technical cegard to copper soirs which they headers were present, and the chairman presented optim which is only aunther way of saying that objection based on the decision of the winding up of this company had stood apart from

case in a fullor form: sad gertuin lacts were would has good effect, while with regard to

the shareholder who has been paid off y Doughty's eas, that the new company ought to

the amalgamation, I should have thought that the petition ought to have bean dismissed upon this Chinese Government would adopt the sugger undertaking. One was a point of great ference being added to it to take up the not express any opinion as to the rights of

notion was obtained as to the particulars of the

appears, from the agreement of further pro-But in tout case the C. A. held that they emid tion arde te it by our Government, and by importance that the price per share mentioned remaining shares in this now company. Clearly parties in the absence of the new company who the resolution saunot stand as to one part of the epmpany voluntarily and for amalgamation several commissions. Referring te: the somewhat

are plainly parts of the same trans clion, and if in resolution four fad been fixed by the Can- panicky" feeling at home with regard to

who shareholders in a going and very profilable porting to the agreement for sale, and, that onirsges on foreigners in Chino he said that salting Committed according to the last price concern are invited to consider whether they els agreement could not be got aside er declarette transaction, neither, I think, can it stand

at which shares changerl hands. while China was a country where the an-

Six votes will accept forms such as these: in other words, invalid without houring them. A technical wars recorded against the first resolation

other, part of it." This is precisely expected very often huppas, and they knew.

three against

so to invest their money, they are entitled to

the proposition which I take to be the foundin the second there was a good deal of unrest there, the

answer. In that case the declaration asked for anxiety, felt at Lome and in America was

been criticised, first in Fox's case, by this unfounded.

approre of the new conditions they may bo company and void. flere the prayer was for a Clave, the Financial Corp. (L.B. 16 Eq. ut The report was approved.

miffa

held on June 20. On June 6 the very leth to let the old company take the declaration that the resolutions passed at a On the motion of the CHAIRMAN, Reanded six sharebellers kulged notices of

necessary steps to bring it into operation: and cortais masting were void, no refervus being ass, and is reproduced in Buckdoy with, how. p. 37. The criticisa the same in both by Mr. J. E. MICHAEL, Mrs. J. B. Petit and dissent in due form, and the plaintiff then

as they have to give their approval at once. made to the agreement. Co. and the Kethermos Trading Co. were rought this action on behalf of himself and they must manifestly exercise their option then cast may be that the agreement caarot be The result of this etherlands Ther of Comprarce, all others the shareholders in the mpany in and there. The only thing which is really carried out, but I do not think thathis saticientto criticism is as follows: Theorder made by the ever, cautionary footnote few lines further elected members of

00 'bat see Trade and Bishop's case,' The which he disputes the validity of the resolu Mr. C. M. THOMPSON proposed, and Mr.

clear from the cotion is that the capital of the coupe the other parties to the agreemontsert Lords Justices anabling the shareholder to fle EVAN UBM carded, the re-election of tiens, claiming an injunction to prosent them the committee, with the substitution of Mr. H. being carried out:

or in the alternative, a previde, in addition to the cost of sonstruction An objection, which might be called

new company must be sufficiently large to any of the other agreements parties to the action.

a bill in the name of the Company was one B. Tomkins for Mr. Salingor, who was leaving declaration following the form giver in soetion of the now liue, $250,000 to pay off the old¦ury objection, was taken as to the form of the

prelimi

which the Court had no jurisdiction to make

COLD STORAGE. No 1 1 of the Ordinance, which amounts in stareholders at $200 per share. Nothing is interim injucolim, substance to a claim that the ine of his

excupt ander section 138, upon the footing und

technical appears

THE HONGKONG ICD COMPANY, ID, on that there was a voluntary winding up. The T the dissentient shareholders' shaszos ha a--did as to what the cost of constraction will be, the face of it, but which ronfly involves a ques

have now 40,000 Cubis feet of Gold by arbitration in recordance with the principle will be. They are thas used to give up

nor even what the capital of the new which g999 to the kernel of the whole ordor therefore did not treat the winding up as Storage available at EarT POINT. Stores will laid down in sections 201 and 202 of the Com- interest in

But this criticis by no means con be Open at 10 AM. and 4 P.. daily, Sunday matter, and which I shall therefore deal with void." & very paying concern and at once and felly. It was said that the interim cludes the question, which is the following-Is Lady Piggets begs to acknowledge with! Pauies 'Ordinance 1867. At the date of the invest in a new business of which they know injunction was bad in form because it did uttere such a thing as a winding up for the respted to receive and deliver perishable goods. Issue of the writ, Cotober 24, the number of nothing, and with no guarantee moreover take note of the fact that whatever might be of its consequences from an ordinary voluntary theaks the fallowing further donations to the dissentients was reduced to fit. It is also that the nee sary capital will be raised said as to the validity or invalidity of winding up?

purpose of reconstruction differing as to some admitted that there were some shar-Lotders who te Zoat it. I ask myself the question what object Japan Famino Fand

In Clare the Financial On November me party bag is M. there could be in not telling them? Why the stue, continus, the resolution to wind

(LR. 16.

Eq. at up stood, and that therefore the position Corp.

377) On November the plaintiff obtained an should they have to wait to get the confirmation was that the company as in liquidation is a great deal in the Vice-Chancellors interim injunction restraining the liquidators fill the meeting or why should they be told the liquidator had been restrained from judgment which tends to show that he thought from carrying the resolutions into effor, and that they can find out all they want know by acting. It was intimated that the learned which could stand by itself, for there had been that a reconstruction winding up was a thing the matter was most exhaustively argued before going to some office and looking through a long counsel for the company had endeavoured in invalidity of the resolutions is based on two these questions satisfactorily. This attitude of and yet prevent the liquidators from infring words that it would have been competent to ma during five days. The contention as to the donment? For the life of me I cannot answer the public interest to keep the tramas ranging a proposal for amalgamation which had been THE BURLINGTON

seeing to keep back information which every ing the terms of the injunction too much, First, that he consent of the Gorarser body concerned had a perfect right to know is last they should be brought before the Court forege the intention to amalgamate and yet in Executive Council to the transfer of the incomprehensible. It is certainly no answer to for contempt. 1 confuss that I felt some

bold to the determination to wind up. But it old undertaking to the new company has my either that the Consulting Committeo think anxiety on the subject: because it is re- str. Prin Sigmund left

must be noted, in spite of the Vior-Chan- not been obtained as required by Ordinance it all satisfactory, and that the principal share pugnant to the Court to err, erou though that there were abundant reasons why that cellor's statement that it was unnecessary. No. of 1883, s. 45.

agree, or that an inspired article has it be through the fault of Counsel in not Secondly, that the notice of the menting appeared in the newspapers. It may well be drawing its attention to dass bearing on the company should be wound up. But the was insufficient.

that the same particularity as is required by subject. I certainly thought the injunction gist of the decision is to be found in the The contention as to the alternative claim is statute in a prospectus of a company it was right in form at the time, and of Turner, Lerd Justics, "does not in

following passage:The decision (z. dictara) that the plaintiff has been deprived by the terms not required in the case of these notices: further consideration. I think se still. Tho

slightest degree support the notion that port on the 27th ins. at p.m., and is expected of resolution foar of the right to have the but the decisions of the Courts certain question seeror to me to fall within the principle because company at a daly convened value of his shares assessed by arbitration show a marked tendency to regains much involved in Teede und Bishop's oss. Sisted meating, having in their contemplation two panies Ordinance of the Colony (sections 161 files of the whole trusactions was much effect that the company should be reconstructed;

frsisted on by the Counsel for the com- that it should be wound up voluntarily, and a they cannot do either, because they cannot do and the other they could not, resolve to do both, The steamer Nameang from Calcutta and the and 162 of the English Companies Act Straits left Singapore for this port at 2 pant company by its Counsel undertakes not to it. I do not remember any

As to the first ground of invalidity the defend

The Court has no rastion having

in nssuming guidator appointed, who should be authorised this a strange sort of reasoning. There yesterday,

The CI.K. str. Athenian arrived at Nagarald, proceed until the consent of the Governor in been made of maid fides, but only of injudicious which should this out this on of is a company is no ground that I know of upon which it can GOODS MUST BE CLEARED!

take over the ussels and abilities a730a.m. on Wednesday, the 28th March, and Executive Council has been obtained: as to the sation. In ilis oonnection there is one point of the old company:

he said that the business of joint-stock con- that thara should be in second, the defendant

that the notice arguon left again at 5 p.m. same day for Shanghai,

appears to have escaped attention A

at the meeting the only resolution which was

with as that after they bave come to a resola- where she is dua to arrive at p.m. on Saturday, was suficient. As to the alternative claim the great number of the cases which have been fact reconstruction of the old company. Now panies should be so hampered and interfered DON'T MISS THE BARGAINS!

defendant contends that the plaintiff has no referred to are cases in which the Courts in put was for voluntary winding up and the tion te wind the 31st March...

up, their deliberato and GOODS ALMOST GIVEN AWAY rights under sections 201 and 202. The argu- England have bad to deal with the doings of appointment of a liquidator: the remainder of serious resolutions shall be interfered with, FOR 7 DAYS ONLY, ment bad many branches, and the following is a the highwaymen of finance: people who had a the seherao was dropped, Thas judgment of and the transactions of years shall be great deal to conceal. Why should honourable Cozens Hardly, Justice, was to the following undone." If this dictum is pressed into the gentlemen who, have nothing to conceal shape i

(Continued on Page 6).

Hongkong, 29th March, 1906,

voluntarily and (2) that the General Maungers (1) that the company should be wound up be appointed Liquidators (3) That they should

irenty rights are illegal seixare of cool in Caalon by the Viceroy of the Twe read that our Government had

Kwang is fresh in our minds, and voluntari to intervens Enfore the coal was released by the Viceroy to its rightful owners. We can only that the lesson will not be lost night of by future Vicoroys and their subordinates in baked with the approval of the Consulting doing what he has no intention of doing, at which a quorum was not present. Lindly, office. I have great pleasure in seconding the milgate set he report and accounts,

ju

1bis

16

Mr. ELLIS referred to the serious effect on local business owing to the debused currency, ütk i expressed the hope that the Government would take vigorous steps to ensues the fall Government by which they agreed to, put their enter into all oreossary agreements to the propuse a sale for cash. But ovon auprosing, as ment of the treaty or the part of the Chiness coinage on a sord

The CHAIRMAN

Fainting out that the

FIA

the enbsidiary silver coins they still hoped the either stated or elicited from which a clearer invest his money in the raw compsay, and as it have been made parties to these proofpoint also: bat. the resolutions for winding "p

There was no other business.

the Colony. This was agreed to.

LADY PIGGOTT'S FUND,

Mr. Ponsonby

Ho Tung, Esq

..$ 20.00 £50.00

A mount acknowlergen).

Total

1,375.00

$1,645.00

LATEST STEMER MOVEMENTS.

The stormer Lothian from Japan and Chire, arrived at Now York on the 25th March.

The IG.M. Sydney on Saturday, 17th inst., and may be expected hers on or about Monday, 9th April.

The P. A. Co.'s str. Numantia, arrived at Yokohams on Tuesday, 27th March, and may be expected to arrive in Hongkong on 6th April.

The steamer Persia left Shanghai for this

here on or about the 31st inst., a.03.

alt, arrived at Genos on the 27th inst., a.m.

the third, and four against the fourth. The

the

the

as to the

100,000 MOTHERS

Daily Tell Other Mother That Cuticura Soap is the best baby song in the world for cleansing and purifying the skin, and that Cuticura Ointment is of priceless value for soothing and beal- ing torturing, disfiguring eruptions, itch- ings, and chafingo. A single application of Cuticura Qintment, preceded by a warm bath with Cuticura Soap, gives instant re- lief, and refreshing sleep for skin-tortured babies, and rest for tired, fretted mothers. Pilia, are sold broughout the Calcare Soup, Orange Sr.; Parlo, § PESA

world. Depois

in Pals Annika, R. Towns & Co., Bydney, Potter Deg Chen.Corp., Boston, 11. 8. &.; Bols Prope

ašalini kes, fi How to Dure Baby HascouAL”

56-26

TYPEWRITERS

four against full particulars of the new scheme: for this objection may be met with a technication of Trude and Bishop's case: but it has CLEANED,REPAIRED, OVERHAULED resolutions were duly confirmed et a subsequent vory sufficient reason, that if they do not was that the agreement was wir wires the Lords Justics, and again by Bacon, V.C., in TAKEN. Charges moderate.

grounds:

holders

which

P-

thera

docided to be unlawful. He

Бауз

in so many

the

TYPEWRITING WORK UNDER.

F. A. V. RIBEIRO (late of the Hongkong Typewriting Bureau) 34, Queen's Road Central (Second Floor).

Hongkong, 25th October, 1905. (19

WA PAHLANE, Managor. Flongkong, 18th Novamber, 1901. 147

X

DRESS MAKERS AND COURT

MILLINERS,

2, PEDDER'S STREET.

IMPORTANT NOTICE.

The I.G.M. str. Zieten, which loft bore on 28th na provided by sections 201 and 20% of the Com. the rame class of information. The bone briefly, the resolutions in that case were to the hieste, one of which they could accomplish, STECIAL PRICES FOR SEVEN DAYS

The G.N. str. Dakota, which left Boattle, on 12th Marob, arrived at Yokohama on 27th March, at8p.m.

concise statement of it se I understand it.

pany.

which

ONLY!

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