1883-06-21 — Page 8

:

No.

435.

MARRIAGE.

MAIL

SUPPLEMENT.

The Hongkong Telegraph.

On the with fastant, at St. John's Cathedral, by the Rev. W. Jennings, MAX, eldest son.. of Jules Scharrer, of Mattiburg, Germany, to ELIZABETH ANN, only daughter of Mr. Ho Amci, Director of ilicon Taí Insurance Co., &c., Hong.. kong, late of Melbourne.

DEATH.

On the 19th of April, 1883, at Sydney, N.S.W., ALICE MAY, youngest daughter of Joseph and Eliza White, of Hongkong, aged 3 months.

The

Hongkong. Telegraph Bain, (manager)-

LIMITED.

"+

Lease for nine hundred and years may be farsed to the Company criconditions of the parolent by instalments

hundred

THURSDAY, JUNE 21, 1883.

Office of the Company, or otherwise proving it to the satisfaction of the Company.

58.The first call on the Shares of the Com- Pany is payable on the allotment of Shares to Shareholders.!

21JUN33

SIX DOLLARS PER QUARTER.

LUZON SUGAR REFINING COM LOSS OF THE “SUMIDA MARU” -

PANY; LIMITED.

|

We regret to have to add to the long roll of vessels lost on our coasts during the past month that of another steamer well known in Hongkong

CORRESPONDENCE

[We do not necessarily endorse the opinions expressed by Correspondents in this columns.)

"THE HONGKONG ICE COMPANY, effectually from building up so strong a con- stituency of contributing shareholders as we should like to possess. In regard to the pro posed increase of capital, it has been ap ofthe Hongkong Ice Company, Limited, was held a growing business the company was yet An extraordinary meeting of the shareholders parent to your Directors and others that with

An extraordinary meeting of shareholders in 724 at any time or times after the goth the above Company was held to-day, (18th inst.), the Sumida dfaru owned by the Mitsu. Bishi yesterday, the 11th inst., in the offices of the Gene- weak in one most important respect,, and that

was the very small proportion the unpaid capital day of June, 1883, the Board shall consider that at noon, in the offices of the 'General Agents, Mail Steamship Company. The Sumida Maru ral Agents (Messrs. Jardine, Matheson and Co) bore to the liabilities which were annually in having regard to the amount of business brought Messrs. Jardine, Matheson & Co when there was commanded by Captain Hubenet, and left There were present-Messrs. F. Julkeley Johnson curred. There is only one, remedy for this and to the Company by the Shareholders respectively, were present: The Han. F. B. Johnson, chair-She would appear to have arrived at the last this port for Nagasaki on Friday the 8th instant" (chairman). D. McCulloch, Douglas, Jones, A. S. that remedy, we ask you to give your assent to would be for the benefit of the Company gener man, Messrs. L. Flemming, Neidhardt, K. McK named portall right, and so far as can be gathered, or having regard to any other consideration, it Cohen, C. S. Taylor, Rozario M. B. Polish today, iz, the increasing the nominal and paid walla, W. Paritt, H. C. Maclean, J. J. Bell Capital of the company. It is essential, if we that the Share or all or any of the Shares Ress, G. C. Cox, D. Gillies, W. M. Morgan, H. jeft Nagasaki for Kobe early yesterday, the 15th

are to advance with the tinies or even to held by any Shareholder and acquired by or

G. James, W. Wotton, C. P. Chater, C. S. Taylor, inst. In the Simonosaki Straits she struck on a Irving, J. Pestonjec, G. Stokes, and W. N. mainisin air present status, that we should be able transferred to any such Shareholder on any day W. Reiners, E. D. Sassoon, J. Bell Irving, W. rock, or went ashore (thetelegraphic reports are not

to offer our policy-hihiders (on whom we are ca afer the 30th day of June, 1883, should be with

altogether consistent on this point) and is pre- The Chairman stated that the meeting had tirely dependent for our dividiends) the most ua-drawn from such Shareholder and re-allotted of Legge, D. C. Tala, A. G. Stokes, J. J. Bell Irving, sumed to have, become a total wreck. The lele- grams received here by the Agent of the Mitsu doubted security. The ret shares you are re. otherwise held, then the Board from time to time and H. C. Maclean, secretary MAIL SUPPLEMENT","

been summoned in consequence of a letter recommended to offer to present shareholders at so often as shall in its discretion think fit, may After the secretary had read the notice convch-Rishi Co, and the Insurance. Companies state“ 'ISSUED GRATIS TO ALL SUBSCRIBERS.

ceived from the Colonial Secretary, which was the mall premium of 33 per cent. which pre- cancel all or any of the Shares of the said Share ing the meeting the chairman said Gentlemen possible exertion was being made to save the that the passengers were all saved, and that every mym, will be carried to the Reserve Fund holder and re-allot the Share or Sfires a car with reference to what passed at the last inecting cargo. No further details have been received, to the following effect :-

Colonial Secretary's Office," augmenting it to $600,000. With a Capital Celled to any other person or persons who, upon HONGKONG, THURSDAY, JUNE 21, 1883---

*~Hongkong, 10th March, 1781 of $2,000,000, of which $600,000, is paid- nccepting the same, shall pay to the Company respecting the addition of one ormore of ille share-but we shall doubtless get fuil information in the GANTLEMEN,Iave the honour, by direction, to inform yup, backed by a Reserve Fund of $600,000, the

the amount which, shall or ought to have been holders to the consulting commitice, 1 am happy-course of a day or two. that the Governor în Council has had under consideration the prevent centure of Inland Lot Na, si, on which the der Horse Company will be in a position of great strength, paid up on the Share or Shares so cancelled and

to be able to inform you that Mt. Gillies has been CONSIDERABLE excitomont was caused midre le facclency hering fired ther the "Bugkang terhilst the larger runther of our shares and their the proportion of the Reserve fund which-at- throughout the colony last evening, the Company has no that the lot has been pleased to direct that smaller denomination will we trust, induce many tached or beforged to the Share so cancelled nominated by the shareholders, and I am sure 19th instant, by the receipt of a

whose contributions though small ate yet valu. and such further sum if any by way of premium we shall profit by his great experience, Aihe of a premiums of twelto thousand five hundred dollar and of an able, to take an interest in and support the Com as the Board in ita discretion may require and fast mecting Tproposed that the arrangements Reuter's telegram from London-pub-arent of pathumid and twenty-alt dollars and diably-pany: Before sitting down I would like to the Register of Shareholders, shall be altered we had in contemplation should be matured be

THE BEACHCOMBERS. lished-in-another-column-which stated obedient servant,

Parzenick STRWART, refer to two other changes we are suggesting in accordingly, Acting Colonial Secretary. the Artioles of Association, the only two of im-

-fore being placed before the shareholders. When

TO THE EDITOR or tix "Hungsorg Trìroraph," 726. Shareholder whose Share is so can- on the authority_of_a_Madrid.news- Messen, Jardine, Matheson & Co.,

The beachcomber and loafer nuisance: General Managers, Ite Company.

portance besides thuse relating to the increase celled under the last preceding article, shall, upon Mr. MacGregor went over to investigate the busi-instead of abating appears to be on the mesence paper that the staff of the British North In reply to that letter the General Agents of Capital and Subdivision of Shares. * "delivering to the Company the certificate of such

ness of the Company' in Manila we thought it These walls manage to scrape out a living by Borneo Company had been massacred by wrote:~~

The first is the wider scope which the Tirect cancelled share, receive from the Centpany the highly desirable passociate Mr. Morrison, C., begging, and by undergoing frequent icans of im -Hongkong, Vich March 1881/ ors ask for in the investment of funds. We have amount of Capital paid-up-on-the- cancelled with him, and Morrison proceeded to Manila prisonment which must deaden all the manly natives. The alarming nature of the in- i

Inland lot No. 50%}.

at times found ourselves inconveniently hedged. Share, and also his Share of the Reserve Find referenca to your of in telligence probably prevented many of the Hongkong fee Company has so difle 38 Jos dating that in by the existing articles in our endeavours to or so much thereof, if any as-may-then-have. and made a repon the water supply and all feelings.they ever possessed.. What a miserable other matters concted with the Company's pre- the Parade Ground close to the barracks, on picture tliese wretched beings-present!-Lying on those who have relations, friends, or

Crown Lease may be obtained, for nine hundred and inity Umploy the funds of the Company. With a larger been accumulated, after deducting therefrom any les-year on payment of Le're thouard fite hundred dollars and amount to be invested in the future it is impor-moneys which may be owing from-him to the mises?" "The repos of Mr. Morrison is satisfactory the benches under the trees at the cast of acquaintances at Kudat or Elopura, seven cente, we find that when the governmetit gave the cond

sarintial rental of one hundred and twenty, die daflara and eghly tant that we should love, wider scope, and we Company at his rateable contribution to any and the report olur. Dickie has been confirmed Wyndham Street, and all round the city, there or in the service of the Narth Borneo this a supply of lee for hospital garposes welld always be th

to the original den Association of 11 tongkang it was on, cacin consequently ask you to sanction this alteration. losses or expenses, or to make up the amount of by Messrs. McCor and Morrison. The es fallen objects are to be found, sometimes batless; Government at other stations in the new

The second change is the withdrawal of shares paid out of the Capital or on any other account. any losses or expenses which may have been coming, which conditim has been" Geithfully observed, and the

their clothes,in rags, and their sole and uppers supply la more both cheaper and more certain. The lading from non-contributors. This will not affect any He shall not be entitled to any allowance or pay $50,000, and the ners of the patent have ar- understand that no less than twenty-two of these timates of Mr. Die for charcoal pans &t., was hanging together by the most slender ties. I territory, from considering the improb.present state la ansatted for any other purpose than that of a of the present shareholders, at least so far as ment, in respect of good-wilf or of the market ability of the telegraphic report: The

their present holdings are concerned, as it telegram came from London, specially

tos of the builling being below the level of the House Street, the applics only to shares transferred after soth inst. value of the Share or Shares, but on the realles ranged with the cofuiting committee to make a characters have been discharged from American want of ventilation, and moisture penetrareske brick wall protect. Whilst the Directors ask that this power be its discretion pay to him the whole or such pro- Mr. Morrison's in it appears by the American Consul in allowing them to get ment of the Share or Shares the Board may in

return of $30,000, to the reholders. Frein. ships and that their presence here is in some measure due to the peculiar method adopted -despatched by the enterprising Reuter, and-lag to their uncertain Tenure the les Company have hishe given them so that the Company-may be placed portion as they think fit of any premium then desirable to erect better quarters for the away from their ships without any proviston

refrained from altering the building in any way, but now that the on the same footing as most of its neighbours, recelyed upon such Share or Shares. without-giving-the-question-of-probability-Government propose to charge-a-heavy-primum for the grind

employés, a house to cost $10,000, and and a substantial assumi reial, it will be imperative upon the still they realize the necessity of exercising it a single thought, quite a number of people Company to make such alterations upon the building as ofis it fur with the greatest discretion add. I am con-

being made for their maintenance, and that these 726. — In the event of any Shareholder failing also inpart from the charcoal-house-n-dry-unfortunate and perhaps crzing men are thrown "who purposer than we Your House only „Immediately jumped to the conclusion that In order to swarose the inherent defects of the situation, such. fident you can with safety place this power into surrender to the Company the Share Certifi-ing house. These bring up the sum required on the community in a very haphazard fashion.

the-good work done in North Borneo by probable that the Company would regalra farthol building

Alterations would be calderable and entall a heavy outlay and Our hands.

cate in respect of any cancelled Share, held by to thirty or forty thousand dollars more than

If this is really the case, and I have little reason This Gentlemen, I think is all that I need him, such Shareholder shall nevertheless cease the estimate of Mr. Dickie and the question. to doubt it, it seems to me to be high time... the enterprising British Gompany-which ground in order to make the alterations efficient. A recallig wall

is support the back behind the gremises would also be meressary. refer to but if any shareholder fequires any fur-from and after the date of cancellation to have is how this amount is to be raised. I pro-

for the authorities, to take. some steps to pre- vent what is now an almost intolerable nuisance has transformed a chaotic region, these thirty years ago, but a small pranium would have bother information I will be glad to give if to him. any further right, litle or interest in the Compose to undertake the outlay on behalf of abode-of-savages-and-the-home of murdered for the ground, and he annual real would als have

pany or the property thereof in respect of such my firm and we will make the advarte from altaining gigantic proportions which will The following resolutions were then-un-Share which shall thereupon revert to and re- and ask for no interest until such time as the require more than ordinary measures to cope and rapine, into a prosperous and flourish.pediture, and bearing in mind the circunances under which the-was-proposed to the Chairman which brought

In view of the limited accommodation and the anticipated ex animously passed, after which a vote of thanks vest in the Company.

Company pays seven per cent, interest to the with. The community of Hongkong are as a ing settlement-had been completely over

petsent building came to be possessed by the Ice Compony, the the meeting to a close

shareholders, after which the, bonds will be le very charitable, and dbubiless these men by General Managers think that if the Government would be pleased turned by a brutal massacre, and that Kudathaalmente, for the ground, and limit the yearly renal to ninety the Company of $1,666.66, on which $500 is

satisfied. I wish to avoid saying anything to subject to seven per cent. interest, with which being supplied with food, and sometimes money, sight thousand dollars, payable la five misal annoal

That cach of the existing 600 Shares of

arrangenient I hope the shareholders will be

find the vagabond life a not altogether unpleasant and Elopura had been scattered to the

dollars, they are prepared to recommend that to the shareholders,

one, and get in time to rather like it than other- Trusting that this proposal will be favourably received, paid up, be subdivided into 20 Shares of $83.33 winds, whilst a modern greign of terror

wise. It cannot be denied that the sight of these mg Sặr, your most obedient servant",

make the shareholders too sanguine and on the upon each of which the sum of $25 shall be

other hand i also wish to say nothing that will

miserable creatures prowling about here and held British North Borneo in its ruthless

make them think of parting with their alares. lying about there in their dirty and ragged gar- grasp.

I may mention that although the works were

ments is a most unpleasant one, and painful to Extraordinary Meeting upon the requisition in only on half time during the month of May the look; upon. If the crowd of beachcombers is so writing of Twenly or more Shareholders holding accounts show that expenses were covered and strongly augmented from the American mer- in the aggregate not less than Twenty-four hun-also-sho interest and commission-and-if chant ships as would appear to be the case dreu Shares

everything goes on. at

indeed high time that spine ope in the present rate 91. Every halder of 10 Shares or less who has been duly registered shall be entitled to one

we shall be able to show a mail profit. As authority gave the inalter some attention. you are aware, the demand is fickle and I have written these lines in the hope that you vote, and every holder of more than to Shares we have hitherto been unable to meet that

will give them a corner in your valuable

to Shares held by him. And when Shares are shall be entitled to one vote in respect of every

demand as promptly as could be desired. fam so that the matter, which is patent to all whose sorry that the use of charcoal will not begin until business takes them round the city, may be ven- held in the name of a Pablic, Company thepleted we shall be free from the Chinese "ring"

about the enll of the present year, but when cam degraded wretches how living a life in our midst tilated and something done for the fallen and Secretary, Manager or Agent of such Public

Yours, &c., Company. Company shall be entitled to vote for such public

which is a disgrace by our boasted civilisation.

...

Calm reflection brought peace to many a troubled mind. There are several Hong. kong residents who have near and dear relations and friends in North Borneo, and -under all circumstances it is but natural that they should feel concerned by a reportofsuch an alarming character, and which appeared at the first glance to be so thoroughly au- thenticated But so far as probabilities go, these first impressions would appear- to have no substantial foundation. The primary authority for the startling news would seem to be a Madrid newspaper, and it is a fair inference that the Spanish journal was indebted for its information either directly or indirectly to a corres- pondent in the Phillippines--possibly by a special wire, but more probably to an ex- aggerated and ridiculous newspaper des.. cription of an ordinary row amongst the natives: So far, as we can gather the report is a mere canard, absolutely devold of foundation.w

is

or Depot, being sn damp that prøțles deposited therein are quickly destroyed. This dampness is caused by, the founda.

ing the hillside of the premises.

boen when the ground was first

much`smtellar than is now naked, ***

JAZINE, MATHESON & CO.,

éredited as paid up."}, Gen, Banayors, Hongkong Ife Co., Lt”

Hon. Frederick Stew

Acting Colonial Secretary, Hongkong,

- Coğanla? Secretary's Office,

Hongkong, tath April, 1883,

GENTLEMEN,With reference to your letter of the oth ultime, I have the honour, by direction of the Governor, to inform you that His Excellency regret his inability to reduce the premium and the rental fixed by lotter No. sai of the 10th ultimo from this off in respect of Inland Lot one hour the cobainst standa. ---I have the honour to be, gentlemen, your most

E,

ketara. Jardine, Matheson & Co., "

General Manager, Top Company,

W. H. MARSH, Colonial, Secretary,

2. That the Capital of the Company be in- creased from $1,000,000 to $1,000,000 by the crea In reply to that letter we received the follow. tion & 13,000 new Shares of $81.33, upon, each Ing

of which the sum of $25 is to be paid up

3-That the said new Shares be offered in the first instance in such manner and at such times as the Directors shall direct for the pur pose to the holders of the present Shares of $500 Shares) in the propbition of zo new Shares for each (or the equivalent thereof in subdivided every present Share of $500 (or the equivalent thereof in subdivided Shares) of which on the 30th day of June, 883, the holders of the said The Chairman continuing, explained the post-present Shares) or the equivalent thereof in sub- tion of affairs with regard to the ground, and divided Shares) shall respectively be registered expressed the opinion that, as the building now as such holders and that any new Shares not in 1885 to the Ice Association of Hongkong, the time limited by the Directors for that pur- occupied by the Hongkong Ice Company passed accepted by the holders of the said present Shares (or equivalent subdivided Shares) within was quite imposible the Company could pay pose be disposed of and allotted by the Directors the Government $12,500, when in all probability in such manner and at such price as in their they would be called upon to pay a further sum for direction they may think best in the interest of the use of the building. He would propose to the Company. the meeting that the General Agents should again address the government, telling them that the

That the new Shares be issued at 334 per Company were unable to pay the price asked, so cent, premium and that all amounts received for that after the Government, had either recovered premium upon new Shares be carried to the the money from the Ice Association or resumed credit of the Reserve Fund. the ground, they would be in a position to make That $16.67 per new Share shall be pay

able on July 1st, 1881, and $16.66 on October 31st, 1883, both moieties sharing proportionately in any dividend that may be declared for the 13 months ending april 30th, 1884.

terms.

After some discussion it was unanioiously General Agents. resolved to leave the matter in the hands of the

CHINA, TRADERS' INSURANCE

COMPANY, LIMITED.

6.-That the Memorandum and Articles of Association be modified in accordance' with re- solution and a.)

44. The Company shall keep a book to be called the Register of Transfers and therein shall An extraordinary meeting of shareholders be fairly and distinctly entered the particulars of in the above Company was held this after and the book shall be from time to time authen every Transfer or Transmission of any Share soon, the 12th inst, at 3 o'clock, in the ticated by having the seal affixed thereto at an Company's Head Office, Queen's Road Cen Ordinary Meeting, and the Board may appoint. tral, when there were present Messrs. Ms Agent or Agents at such place or places a E. Sassoon, (chairman), D. Gillies, C. D. they may deem fit to transfer Shares, issue Share. necessary for the completion of such Transfer, Certificates and do all other acts and things subject to registration in the Register at the Re gistered Office

demon, Wemysi, L. Focanecker, H. - Foss, T, Arnald, A. G. Morris, E. George, H..Thurburn, JR. Anton, E. C. Ray, J. P. McEuen,. EL Woodin, Gomes, B. Schmacker, W. S. Young, EL. O'Malley, F. D. Sassoon, W. Reiners, T. Jackson, G. de Champeaux, and W. H. Ray,

75d-The Board shall note the insurrendered

fully empowered to re-allet and re-issue such Share Certificate as cancelled in the books of the Company from and after-such date and shall be Share to any applicant therefore and to issue a new Share Certificate in Feu of the one so can- celled. to the allotteç or grantee of such Share.

75-The Board shall also at any time call an

100-The Board shall consist of not less than

Five Directon..

of Director unless he be a holder of to Shares at least.

106.-No person shall be eligible to the Office.

least.

110-A Director shall vacate his Office:

-If he cease to be a holder of zo Shares at 118-The Board without any further power or authority from the Shareholders may do the following things, viz:-

هر

it is

Hongkong, June 18th, 1883.

FOOCHOW

paper

OBSERVER.

or for home consumption. We have placed the and be able to supply all song of sugar for export Agency in Manila in the hands of Messrs. Smith, hell & Co., one of the largest firms in the Philip

the General Agents in the interests of the Com-A Regatta at Pagoda Anchorage was fixed for pines, whose position justifies every confidence.

Mr. W. Legge proposed that the proposal of pany be approved of by the shareholders, coupled to-day, but unless the weather has been more with thanks for the information given of the com- propitious than in Foochow, we may expect to pany's business.

hear that the former has been postponed.

Mr. H. G. James seconded the proposal, which was carried unanimously.

This concluded the business.

THE CHINA FIRE INSURANCE

COMPANY, LIMITED.

z.-It may invest all or such part as it may deem expedient of the Funds of the Com- pany in or upon English, Indian, Colonial or Foreign Government Stocks, Bonds or Funds, or upon the security of the Bonds,

An extraordinary general meeting of the share Mortgages or Debentures or in Guaranteed holders of the above.named concern was held or Preferential Shares or Stock of any Rail in the Company's office, Queen's Road, yesterday way or other Companies, or upon Mortgage alteranon, (19th inst.), for the purpose of consider of Leasehold property in Hongkong, or of Real or Leasehold property in the United inga proposal to divide the capital of the Con- Kingdom or in any British Colony or fa the pany into shares of smaller amount than is fixed United States of America or at any Treaty by the Memorandum of Association. There were port in China or Japan, or in or upon de posits or loans at interest to Banks estab-present-the Hon. P. Ryrie (chairman), Mesers, lished in the United Kingdom or in any H. L. Dalrymple, A. Giltz, W. H. Forbes, British Colony or in the United States of (directors), J. T. Chater, H. G. James, H. Wick- America or in or upon such other and valid ing, I. M. Armstrong, A. Johnston, E. Georg, security as the. Board may in their discre-.

tion think it and may from time to time JM. Armstrong, A. B. Johnson, and J. B. convert or realise, or reinvest the same or Coughtric, (secretary), representing a total of any part thereof as occasion may require. -1,141 shares.. -5-It may, if it shall conalder it expedient or“ advisable alter the time for the payment of the losses of the Company do as to accord with the arrangements made by other In- surance Offices in that respect and generally, the Board shall have the entire management

-

The Secretary read the nolite convening the meeting.

The Chairman then sakl-Gentlemen, you have heard the notice calling the meeting read,

We regret to learn that the natives chief arti cle of diet-rice,, has risen in price within the last few days to the enormous extent of sixty cents in the picul. As far as we can learn, this sudden rise is attributable to a prognosticated bad harvest, though it is difficult to see how the natives can judge of the ulterior produce of the present young crops.*

Those who have experienced typhoons in Foochow must have observed by the peculiarity of the weather during the week, that there was every Indication of one brewing; the heaviness of the atmosphere, the sudden veering of the short and sudden whiff of wind, and the lower. ing appearance of the clouds over Kushan, were certainly ominous of a tornado. The rain of yesterday, however, appeared to dispel they same, and we can only hope that this season Foochow may escape as scathless from these disastrous events as last year.

The Foochow Weekly Market Report of the 8th instant says inter alia-Congous-Have Total arrived freely during the past week and 136,000 boxes. It is expected that the First receipts are now 8,000 chests, 540,000 half-chesta Crop will about equal that of last season. Sou chongs. Arrivals are reported of 7,100 chests. Oolong The Market for "the" has been opened in the country at about a Tels below paid last season; 4,100 half-chosts have

so that very little need be said in explanation of come down, Scented Teas-Receipts are 5000

Sie WALTER MEDHURST, the Imigra tion, Commissioner for North Borneo, who is at present in Hongkong, left Sandakan only to days ago at which time not a single symptom of riot or insubordination antongst the natives was either visible, or anticipated. Everything was quiet; and affairs generally progressing most satisfac- torily in every respect. Since leaving North Borneo, Sir WALTER had heard nothing, until last night, to lead him to suppose that there was anything amiss, Itmustbeadmit ted that it is quite within the bounds of poss! Bottomley, H. Crawford, J. Bradlee Smith, W. bility that the horrible massacre reported might have been consummated within Legge, W. R. Loxley, J. Y. Vernon, C. P. Chater, ten days;-but-then-the-question-arises HZ. Juss, A. E. Vaucher, H. Wicking, E. Hea how could the Intelligence have reached Madrid? One would naturally suggest that as Manila is connected by wire with Europe, it was not improbable the news might have been telegraphed through the capital of the Philippines. But then, if such had been the case, the news secretary. -must-have-passed-through- Hongkong, After the secretary read the notice convening

Value of the shares by sub-dividing them into at the Club, in connection with the Australasian so that we should have known the worst the meeting the Chairman sald: Gentlemen, doing

shares of smaller amount. In doing so they Pearl-Oyster Shelling Company, when the pro- lang before it reached Madrid.Again-Acircular from the Directors and a copy of the

6-It may appoint a certain number of Share-are only following the line of many Insur spectus was laid before the members of the Club,

holders to act as a Committee at other ance Offices at home and of the other local and afforded such general satisfaction-that-all- presuming that the report reached Madrid

$2-Every person having acquired Shares by places under the directions of the Board.,

company. From opinions 1 have heard ex

the shares were taken up.. The place where there. td Singapore, It is almost certain that various resolutions which you have been called anginal subscription, or to whom Shares shall be we should have received the sad tidings together to day to consider have been in your transferred, and who shall not then be a Share 129-The Profits shall be applied to the for pressed by numerous shareholders, bath here valuable pearls are found is off Thursday Island, holder of the Company, and subject to the provimation, and increase of the Reserve Fund and and in Shanghai, I feel confident that this move which is about ten day's steaming from Hong- kong, In the direction of Port Darwin. Some long ere now. Sir WALTER MIDHURST session for three weeks past they speak for sions of these Presents in respect of any other shall be divisible amongst the contributorics of on the part of the directors will be favourably reine and valuable, specimens of the theter jewels, has, we believe, received telegraphic: In themselves and leave but little for me to add. Shares, and every person who, being the husband holders in such proportions and manner as the be seen at a subsequent meeting as at this been shared in. Foochow zong exolbited at the

business to the Company and amongst the Share- telved by shareholders. However, that will quiries from London, and he has wired to You are asked to make two important alter of any female-Shareholder, or the Executor, or

ation, shown Manila with the hope of obtaining some l'atlands in the constitution of the Company Administrator of any deceased Shareholder who Board with the sanction of the Ordinary yearly meeting we have simply (to pass a resolution, meeting being valued at, about £50,--and 'there'

shall signify to the floard bis desire to become a Meeting or any Extraordinary Meeting called in accordance with the law, giving the com The first to crease the number, of shares by Shareholder of the Company in respect of the for the purpose shall from time to time deter pany power to subdivide its hires. The sub- is every prospect of the project proving lucrative. upting the existing 600 of $500, paid Shares vested in him in such capacity, and shall mine. Provided that interest on the paid up division of the shares must be the subject of We understand that divers have already been up into 12,000 of Bas, paid up and the not at the time of the said Shares becoming Capital at the rate of eight per cent, per annum another meeting after the confirmation of the

engaged to proceed to the treasured ground, and all other arrangements completed for the pearl second is to increase the subscribed capital vested in him by the means aforesaid, be a Share shall, unless such meeting decide otherwise, resolution proposed to be passed by this meeting. from $1,000,000 to $2,000,000, and the paid holder of the Company and subject as last afore- form a first charge upon such profits in favor of As regards the sub-division, I think I may men shery. We may state that the shares of the

capital from $300,000 to $600,000, by the said in respect of any other Shares, shall, as to Shareholders.

tion that the idea of the directors is to divide recently formed company are as each Yakue of 12,000 new shares of $83.33 cach, all duties, obligations, claims, and demands, 1394-Should the Board at any time or times the present shares into five. Of course every. By a slight and mutual concession on the part

reliable news from there;20

We are inclined to think, after giving the matter duo consideration, that the Reuter's telegram is a mere rumour, totally unworthy of credence. Our theory is that the Madrid newspaper received from

46.-The Company may decline to register any Transfer of Shares whilst the Shareholder making person indebted to the Company on any account the same is either alone or jointly with any other whatever, or in case the Transferce is in the opinion of the Board not in a position to con- tribute sufficient business to the Company or in not approved of by the Board or for any other be bound to state any reason or reasons for so reasons whatsoever, but the Company shall not

amount to 3,240 chests.

P

of the business of the Company, but subject the cause which has brought us together. Your boxes. Flowery Pekoes-Reported arrivals to the control of the Shareholders, and to for some time the advisability of reducing the A Meeting was held on Tuesday evening last

directors have had under their consideration. the Rules and Regulations as herein ex- pressed and contained.

Manila 'an exaggerated report of a riot of which $25 will be called upon upon; or against him in respect of such Shares, consider it desirable that there should be an ad thing will depend on the votes) of the-share. of buyers and sellers, the Tea Market was de which occurred in the vicinity of Kudat a few weeks back, in which a few lives were time past forced itself upon the Directors, but from the time of the game Sharos being so trans. be prepared a Report showing the financial pose, but 1 have no hesitation in saying that rates being about one tacl lower than last season. sent, and tried to make out of this fracasa: Although merchants sensational item of Oriental news. The in the matter of sub-division owing to the thef said; but as to all profits, rights, divileges, such distribution is proposed to be made and the the shareholders. I may say that the company to the inevitable derable inconvenience correspondent of a London daily would at state of the law, which prohibited any public benefits and advantages to arise from the same amount of profits then available for distribution is doing very well; its receipts of premia for the through the inevitable delay, still the deter once wire to head-quarters, and then Reu- Company from sub-dividing its shares into less Shares, no such person shall be considered as a amongst the Shareholders and or Contributors present year show an increase over those for the mined and unanimous stand they made against ter, without giving the affair the slightest you are aware this Company took advantage of have subscribed these Prescats if required so to tracedinary Meeting to be called by it for suche friss that the following regulation be made through having given vendors a salutary lesson than one fourth part of the original shares. As Shareholder in respect of the same, until he shall of business and shall submit the same to an a corresponding period of the previous year and what appeared as an unprecedented impoal-

tion, will, we opine, be eventually rewarded. purpose, and such meeting shall sanction or re- Propose that the following regulation be added then made gave the Company.

For time Since writing the above Sir WALTER

53-Every perion in

greater siferers, Buyers indeed are. becoming the relief it sought, but during the last few years vest by Transfer or otherwise and who shall be or any portion of such sum or sums that may be namely so accustomed to the papverbial Chinese com MEDHURST has received from Mr. WILLIN- the shares have again attained so high avaluca Shareholder of the Company for all purposes therein stated by the Board to be so available dhions contalnad in his Memorandum of Asaaciation as by sub plaints, every season, of losses sustained in dis-

The company may by special resolution so Đưr modify the by- SON," Her Majesty's Consul in Manila, a

an to deter a large class of contributors both in respect of any other Shares, shall, as to all for distribution

division of its existing stars to divide las capimă into sharm of posing of their teas, and also knowing that their native and foreign, from becoming Interested in the Shares so vesting in him as aforesaid be con- The Articles of Association as amended In

smaller amont than is fand by she. Afessorandum of Assaladon desire, for undue gains is never satiated, that telegram to the effect that nothing is the Company, and consequently from giving aidered as a Shareholder from the date of the accordance with the fore-going resolutions shall The proposal was seconded by Mr F-T. Chafer, little sympathy, can be extended even if for ons known in that city of any serious news from their support, willst the number of shares has Transfer to him, or from the time of leavingbo Lumbared consecutively from beaning to and carried unanimously) ****** Borneo

born totally inadequate and prevented was most proof of his title to such Shares at the Hond | end.

season their 67oskento när very.considerable "Foochow Hiralli

consideration; became 'responsible for the' that far back as 1877, The change doom any Shares shall lusa to sanction the appropriation of the whole to the Articles of Association of the Company,for undoubtedly the latter will now be the

rest.com

This concluded the busines