1889-05-03 — Page 3

THE HONGKONG TELEGRAPH, FRIDAY, MAY 3, 1889.

Mr. Walker-1 would like to asic to what xtent are they allowed to do this, and are their riends allowed?

Mr. Clifford said that if the assistants were discovered getting goods for friends at cost price strong measures would be taken with them.

The Chairman-Can you authenticate that, Mr. Walker?.

"י.

Mr. Walker-No, I am just enquiring. The Chairman said the Directors would Be glad if a case of the kind could be ascertained is a fact, and they would then deal with it.

been carefully studied, and you will doubtless admit that they contain a clear statement of the Company's business, The 1887 account ha been closed, and it is satisfactory to find that the hope of further profit, which I expressed at our last meeting, has been realised, inasmuch as we have found ourselves in n position to place Tis, 20 000 in Reserve. This may not be ron. sidered a very important amount, but still forms a useful addition to that fund, in conjunc- tion with the proposed appropriation of Tis. 40,000 from the profits of the past year. The working of the year 1898 must be I think considered satisfactory, our premia,showing 10 too.

Dr. Laicaca intirpated that this was so, but he a large increase, while the amount paid on account of losses and claims is comparatively--could not substantiate it.

The Chairman observed that if they could moderate. The increase in premia, to which I' allude, has arisen principally in London, and is prove a case the assistani would be punished.

Mr. Hayward intimated that the accounts of due to the wider fickl upon which it has been

had not found any case like that referred to by

when purchased was said to be one price and when it was sent home was found marked higher, and on being returned it was rudely snatched from a lady's hand by the assistant.

Mr. Clifford said if they had the assistant's

matter.

name they would know how to deal with the

CANTON.

(FROM A CORRESPONDENT.)

Canton, 3rd May, 1889

I am delighted that the China Mail has got a San Francisco correspondent. If I am not

A

Co-day's Advertisements.

LODGE,

No. 535.

REGULAR MEETING of the above

[308

May, at 8.30 for 9 O'CLOCK precisely. Visiting Hrethren are cordially invited. Hongkong, 3rd May, 1889. HONGKONG, CANTON, AND MACAO STEAMBOAT COMPANY, LIMITED.

EXCURSION TO MACAO.

Masonic.

ST. JOHN

LODGE

OF HONGKONG, "No. 618, S:C.

N EMERGENCY MEETING of the above A named Lodge will be held in FREEMASONS HALL, Zetland Street, TO MORROW, the 4th Brethren are cordially invited, Hongkong, and May, 1889

Intimations.

[526

Mr. Jones was sorry to have to endorse Mr. Walker's remarks and expressed a wish that the Managers would look into the matter, for there was no doubt that the store was not popular and the buying public would go to another store, it Mr. Walker said that Dr, Laicaca had heard they could get what they wanted there, rather the Methodist Mission1 This is probably the HALL, Zelland Street, THIS EVENING, the 3rd) instant, at 8.30 for 9 PM. precisely. Visiting

than go to fall & Holtz, though it was the best store they had and it ought to be thronged all day long. There was another matter, which he hoped they would consider. He found on the Board of Directors three gentlemen as managers, belonging to the Hall & Holtz Comany which whatever to say, a to the eligibility of these gentlemen, who be considered were first-class inen; but still he thought that the majority of the Board should not consist of a majority of that Company. The Deed of Settlement provided that two gentlemen from the Hall & Holtz Co. should be always on the Board, and quite tight too, but there they had three, and he thought it was only right that the public should have the casting vote.

Mr. Walker.

No other shareholder having any remark to offor the Chairman moved the adoption of the report and accounts which was seconded by Mr. Galles.

THE "HONAM" will leave for Macao on SUNDAY, the 5th instant, at 9 A.M.; the KIUKIANG" returning will leave Macao at

mistaken, this gentleman formerly was the ZETLAND correspondent of that journal at this port and he left shortly after the never-to-be-forgotten riots. How neatly he brings in about the Chinese lady who told the story of her life and had been rescued from slavery and educated by Mission's work, and no doubt scoops in the dollars. The story of the Chinese gentlemen and Consul General Bee not being allowed to go up to the higher altitudes of the hotel on the Elevator must be taken with a very large grain of salt, as if that high official, the Consul General.. was going to pay a formal visit to Mr. Stewart when it would be convenient for him to call. I ani Hurry to see the Irish in trouble again. The parter, no doubt, by this time has ceased to exist. for what Irish perter could possibly live after being insolent to a Chinese Consul General, and having the fact published in the China Mail In conclusion this worthy and Rev. gentleman says "but this is San Francisco; what can one expect " He has frequently made the same Temtk with regard to China. Nothing was right there, the foreign Consuls did not prolect missionaries enough, Chinese officials were worse than useless, the coolies were in the habit of insutting foreigners and as there was no gun- boat in Canton what else could you expect? Now the Chinese are but a little lower then the angels, everybody must pay them all possible respect. No doubt the San Francisco Chinese are able and willing to pay their pastor a good salary,. hence the inconsistency of the China Mail's

verend correspondent.

found, expedient to enter there, in view of the the assistants passed through his hands and he he thought was wrong. He had got nothing Lockhart he would in all probability ask him i fact that former sources of income have become much curtailed by reason of the reduced rates

Mr. Jones said he would like to make a few obtainable in the Eastern trades. I trust the

remarks on the Report and Accounts, which from distribution of profits recommended by the

a shareholder's point of view appeared to be Directors in their report, absorbing about Tis. 397,000, will prove acceptable, but I may men- anything but satisfactory. He found that the tion that as usual, it is only intended to be xpenses w.nt on increasing whilst they were preliminary, and as we are retaining a consider spending a good deal of money in extensions able sum. say Tis. 272,000, pending the expiry and they had to borrow money, which meant of liabilities and maturing claims, I hope paying interest for these extensions. It appeared favourable termination of outstandings will to him that it would be better policy in the future enable us to supplement our present proposals to go somewhat slower in the matter of new when the '88 accounts are finally closed. It developments. He saw they had an iten of is gratifying to note that our London funds Tis. 6,161 99 to be written off for depreciation, continue to increase, and considering the and then they carried forward the balance of uncertainty as regards the value of silver you Tis. 15,000. Now this balance of Tis. 15.000 will readily recognise the importance of extending would enable the Directors to pay a dividend of our sterling investments. I may state for yours per cent, which he did not think was a very information that the market value of our invest-extravagant return for the shareholders to expect ments generally shows a fair margin over and and he suggested that instead of carrying the above the values given in the Balance Sheet, Tis. 15,000 forward they should pay a dividend but at present we do not deem it desirable to of five per cent. deal with the difference as a matter account I have no further remarks to make, but before putting the resolution to the meeting for the adoption of the report and accounts, I shall be happy to give any further information in my power, which you may wish for.

There being no questions,

It was proposed by the Chairman, seconded by Mr. F. H. Bell, and unanimously adopted--

Thatthe Report and Accounts to 31st December last, as now presented, be adopted as passed.

The Chairman in proposing the second resolus tion which was as follows, said he thought they could congratulate the shareholderi upan the successful business of the year, considering the competition that prevailed:

..

Mr. Jones moved as an amendment- That the Directors should pay the usual dividend of five per cent, either by deferred warrants dated joth June or if impracticable at that date, then during the current year,"

Dr. Lalcaca seconded the amendment which was then put and lost, five voting for and ten against. The Chairman's resolution was put and carried by the same majority,

Mr. Clifford said that as the junior member of the Board he would, after hearing Mr. Jones' opinion, be glad to retire, and to vote for any outsider, whom Mr. Jones considered suitable as a Director.

Mr. Jo es said that when he spoke on the paint he was under the impression that Mr. Cliffad was a inanagers' director, but as he had since learnt he was a shareholders' director be (Mr. Jones) would vote for his re-election. But at the same time be thought it wrong that three employé of the firm should be on the Board..

The community here are just getting over the departure of Mr. Commissioner F. W. White, who had becoîne quite famous here. The. masterly way that he. fixed off the steamers Faishan and Honam and the Launches General Grant and Stephen Thompson is well known. How he raised the tone of society on Shamien is also a bye-word. The interest Mr. White took in all manly sports was all that could be

pcted from a probationary member of the junior Carlton Club, He was being much respected by the Chinese shoemakers here on. account of the size of his understandings.

The Chairman said that since 1984 since the termination of their first year, they had paid five per cent, yearly, Their Deed of Settlement called for to per cent., but they had never been. able to pay that amount. They had earned five per cent during the past year, but they thought it better to ask the shareholders to allow them to carry the amount forward to enable them to have the money required to carry out the work at the brewery and in the Hongkong business. These were both new items and it was very desirable that the Tls. 15,000 should be carried forward,

Mr. Jones said he would' move as an amend,

Mr. Wainewright said he knew as much of ment to the adoption of the Report and Accounts that the Directors pay the usual dividend of five the working of the Company as most people and per cent. by deferred warrants dated 30th June he certainly entirely agreed that the outside That the following interim distribution of profits or, if that was impracticable, that they pay it clement should have the majority, but at the same time he regarded Mr. Clifford as one of the for the year 1888 be now declared:-Interest at during the currency of the present year. An- the rate of ten per cent. on the paid-up capital other item to which he would refer was the fifty most valuable and useful members of the board and a bonus of fifteen per cent, on the share-shares in the New O. B. C. He did not see why and it would be a great misfortune if he were holders' contributions. Interest on the reserve a company like this should invest in Bank shares, not re-ulceyed, and he thought, the interests of fund, to 31st December, 10s. 8d. per share and and he failed to see how they could benefit by the shareholders were very safe in his hands. an addition of Tls. 40,000 to the reserve fund. holding such shares, speculation being the laste (Mr. Wainwright) was in favour of extend-first-class passenger, rates being $15 only, a

ing the Board to seven members except that it The resolution was seconded by Mr. A. G. thing they should go in for.

would involve extra cost, Wood and carried unanimously.

Proposed by Mr. W. C. Ward, seconded by Mr. P. Arnhold-

That Messra, Bell, Brand, Hawes, Hearn, Lavers, Westall and Wood be re-elected Directors of the Company for the current year, and their remunerations be Tls, 6,000.

Carried.um.com.

Proposed by Mr. C. Cromie, seconded by Mr. J. Beattie-

That Mestra. White and Burman be re-elected Auditors of the Company for the ensuing year.

Carried unanimously.

The Chairman-With the exception of inform ing you that the dividend warrants will be sent out to-morrow, I have nothing further to say, and as far as the Directors are concerned that finishes the business of the meeting.

Mr. Bishop proposed a vote of thanks to the Chairman, which was accorded by acclamation and the meeting adjourned.-N. C. Daily News. THE HALL & HOLTZ CO-OPERA-

· TIVE COMPANY, LIMITED. -

The annual general meeting of shareholders was held on Saturday, April 27th in/the Com pany's Head Office, Nanking Road, Mr. John Morris in the chair. There were present Messrs. G. Galles, H. Dyer, W. W. Clifford, W. H. Short (Directors), S. Walker, Dr. Lalcaca, J. C. Harmon, J. R. Michael, J C. Quick, J. Wilson,. A. E. Skeels, J. A. Stewart, E. H. Hjousbery, D. M. David, D. Jones, S. Bowness, J. D. Clark; Geo. R. Corner, R. E. Wainewright (Legal Adviser), W. Hayward (Secretary), representing in all 3.557 shares.

The notice convening the meeting having been read,

The Chairman said-Gentlemen, with your permission, we will accept as read the minutes of the last general meeting, but the Secretary had better read the minutes of the extraordinary meeting held on the 19th September last.

Mr. Clifford said he could easily explain how they came to buy the shares referred to. The reason they were bought was instead of remitting money to London to have same deposit with the bank during the completion.of invoices. Instead of the money earning two per cent, as a deposit, he bought the shares which bore six per cent. They were not speculative stock at all and he thought it was the most convenient way to provide for the buyers' requirements pending drafis being. drawn.

After a few further remarks the matter dropped, Mr. Clifford's explanation evidently being altogether approved of.

Mr. Jones proceeded to criticise other items in the accounts. He presumed that the item of sundry debtors, Tis. 96,538, was money owed by different persons on the 2th February las), and that a good deal of it had been since collected.

The Chairman-More than a third; agninat this item stands By sundry creditors Tis. 80,941. In a business like ours there is always a very large amount outstanding.

Mr. Jones--That would leave a balance al Tis. 16,000 to the good. Therefore I think that it is an additional reason why the shareholders should get the dividend of five per cent.

The Chairman said that they were constantly supplying people in the outports with goods and therefore there was always a large amount.out- standing.

Mr. Jones said he believed that before he came in Mr. Walker had criticised certain items. in the accounts, but what he would like to get was some assurance that these enormous ex- penses should come to an end and that they should pay their debts.

The Chairman observed that he might men. tion if they wished to dispose of their business in Hongkong they could do so at a considerable profit, and the brewery premises with the nine acres of land upon which it stood could be dis posed of for Tis, 10,000 more than it cost..

Mr. Jones said what the chairman had stated was very satisfactory, but common sense told them that a profit was not made until it was realised, and however valuable the property was, in the meantime they paid for it with money for which they paid seven per cent. interest, He asked was it good policy to buy a thing they were not going to sell again and in the meantime borrow the money at seven per cent, by which to pay for it.

The minutes having been read and signed, The Chairman said-The Company's Report and Auditors' Accounts for the past year have been in your hands for the prescribed time, and you have, no doubt, acquainted yourselves with them. The result of the year's trading shews Tis. 2,000 more profit than last year, in spite of the serious exchange difficulty which yearly increases the cost of the imports, without it being possible, owing to close competition, to The Chairman said the property was bought raise the retail prices of staple commodities, because it was necessary for the business. The managers estimate that even had the Mr. Clifford said he was as much disinclined exchange remained at last year's low average as any of the other shareholders to see only a rates, the profits at a reasonable computatlon dividend of five per cent, year after year and this would at least have amounted to about $8,000 large outlay, but it was his wish to develope the more. I am glad to state that our working business of the Company on legitimate ines expenses here have been lower than in the and not by speculation. If they could give previous years, but at Hongkong owing to the up the lease of their other premises, and exceptional outlays incidental to starting a new instead of making improvements, as they branch, they have necessarily been rather heavy, should have to do if they renewed it, in Before putting the resolution adopting the Report other people's property, make them in their and Accounts, and the other moilons, I shall be own ho thought, they would be doing a good pleased to answer any questions you may wish stroke of business. They could pay a dividend to ask and to give you every information in myof 5 per cent, now, but he thought for the above power,

reason it would be better to carry the amount Mr. Walker drew attention to the heavy item forward. The present Empire Brewery was too of travellers' expenses, and said that $15,450 small for their requirements, while in addition seemed a very large sum under this heading. they were obliged to keep a staff there who could The Chairman said that this sum ought, per do double the work, and if they took the premises hips, to be further divided, and shareholders on a new lease from Mr. Evans, it would entail could get particulars by calling at the office. The an outlay of three thousand taels to make it amount was not altogether for travellers' expenses suitable for their business. Their new premises and Mr. Clifford would be better able to give would not be too large when they put all the Information on the subject than he (Chairman) branches of their business into, and they did not propose to go in for any new branches, Speaking as a large shareholder, perhaps the largest of all-he had done his best to put the Company on a firm basis.

WAL

Mr. Walker-It is an enormous som Mr. Clifford said that in addition to the expenses incurred in Hongkong, there were the expenses of the mess in Hongkong where it was conducted on a different basis to that here. In Shanghat the assistants salary allowance included mess ; in Hongkong they kept a mess

'Mr. Walker said that Mr. Skeels had been backward and forward to Hongkong several times,

Mr. Wainewright-When is the lease with Mr. Evans up} --

Mr. Clifford was understood to say In 18 months.

Mr, Wainowright naked if they were going to move the furniture factory down to the river.

Mr. Clifford replied in the nfirmative, and in answer to a question by Mr. Walker said that the property had been bought solely for. the company, the money being advanced by himself

bere ?

Mr. Clifford said no, but that he (Mr. Clifford) had been obliged to go to Hongkong several times in connection with the transfer of Messrs Rose's business in which there was some Hitle|and Mr. Dyer, and difficulty, In the item of travellers' expenses Mr. Wainewright-And you will have no rent there was also included the pazzato money of to pay except for the premises her three or four new assistants out, which meant Mr. Clifford-No. over Tis 1,000, and this item would not occur 'next year,

Me Walker asked whether it was a fact that assistants in the state were allowed to take goods out at cost price.

Mangel

Mr. Clifford's reply was that according to the rules of the establishment they were allowed to have necessaries for themselves at soet price!)

fr. Walker said he had one other matter to call attention to, namely, that the store was an unpopular one. In fact popular amour was distinctly in that direction. Mr. Walker then went on to give an instance why he considered the stage was unpopular, which he attributed to the incivility and rudeness of some of the atten- dants; in one case in particular where an article

Mr. Clifford thought an extra member would be very useful now that the Company had a new business in Hongkong.

The Chairman proposed that the name of Mr. Douglas be added to the Board.

Mr Galles seconded Mr. Jones thanked the Chairman for the profferred honour but politely declined.

Dr. Lalenca proposed that Mr. Walker be added to the Board

Mr. Jones seconded the proposition.

KOREA.

(FROM OUR CORRESPONDENT.)

Chemulpo, 11th April 1889. We are in great glee here in expectation of what the summer may bring forth, owing to n steamer of the China Merchants' Company connecting your port with this, zia Chefoo; the liberality the part of the company which cannot fail to ultimately produce useful results, Surely many Shanghai-landers will avail them- selves of such a cheap and lavourable opportunity. to learn for themselves what Karen is like; and the Company will be sure to reap in good time the fruits of their far-sighted liberality.

A new hotel has been opened here by Messrs. Steward & Co, which compares very favourably with most similar institutions in the Far East. In it the sojourner finds civility, comfort and the best of food plentiful and exceedingly, well pre- pared. This hotel is in China town." In Japan town "Odaibutsusan (may the gods

9 PM.

Fare there and back, Two Dollars. No Second Class. Native Servants will be charged for, 50

Cents each way.

T. ARNOLD, Secretary,

Es33

Hongkong, 3rd May, 1889. THE SCOTTISH ORIENTAL STEAMSHIP COMPANY, LIMITED. FOR HOÏHOW, SINGAPORE AND BANGKOK "HE Company's Steamship

THE

"CHOW FA," Captain F. W. Phillips, will be despatched for the above Ports, on TUESDAY, the 7th inst at 8 AM

.."

For Freight or Passage, apply to

YUEN FAT HONG, Agents..

T531

Hongkong, 3rd May, 1889. THE HONGKONG LAND INVESTMENT AND AGENCY COMPANY, LIMITED. SUBSCRIBED CAPITAL

L

...$5,000,000. PAID UP CAPITAL .....

****... 2,500,000. RESERVE FUND..................................................... 1,250,000

BOARD OF DIRECTORS. Hon. J. J. KESWICK )

Chairman.

ENTRA

HONGKONG RIFLE ASSOCIATION.

SPOON COMPETITION-900 YARDS. ENTRANCE FEE payable on ground- to Cents. Will take place TO-MOR- ROW, the 4th May, 1889, at 4 P.M., (weather) permitting). Carbines allowed three shots extra.

A. SHELTON HOOPER, : All Members allowed one sighting shot.

Hon. Secretary. Hongkong, 30th April, 1889.

WANTED.

Ess

PREMISES suitable for a FIRST CLASS

„PHOTOGRACING STUDIO in a good central

position.

Offers to he sent to

MR. D; K. GRIFFITH, Room 91, Hongkong Hotel.

Hongkong, 26th April, 1889,

ROOMS WANTED,

[506

WO or THREE GOOD ROOMS, with TWO

usual appurtenances, wanted by two single gentlemen.

Apply to

H. & H., c/o llongkong Telegraph Office. Hongkong, 29th April, 1389.

[$14

HONGKONG CLUB,

N EXTRAORDINARY GENERAL A MEETING OUR MEMBERS of the CLUB will be held in the CLUB LIBRARY, on MONDAY, 13th May, 1885, at 11.30 PM, for the purpose of confirming the Resolution passed at the Extraordinary General Meeting on the

Hon. C. P. CHATER, Managing Directors. 25th April, 1889. E. A. SOLOMON, Esq.

Vice-Chairman,)

J. S. MOSES, Esq.

S. C. MICHAELSEN, Esq. G. E..NOBLE, Esq. LEE SING, Esq. POON PONG, Esq.

BANKERS.

THE HONGKONG & SHANGHAI BANKING CORPORATION.

J <

By Order,

C. H. GRACE,,

Secretary.

[525 Hongkong, 2nd May, 1889, THE HONGKONG BRICK AND CEMENT COMPANY, LIMITED.

[OTICE is hereby given that a Call of $5 Per Share in the above Company was payable on the 25th day of April last, and that all persons not having paid the amount of their

MONEY advanced on Mortgage, on Land, CALIS will be CHARGED INTEREST at the

and Buildings,

Properties purchased and sold,

Estates Managed and all kinds of Agency and Commission business relating to land, etc. conducted.

Finally on, the motion of Mt. Geo. R. Cornerraciously forgive him the length of his name) Pany's Offices, No. 7. Queen's Road Central.

it was resolved. "That Messrs. J. Morris, G. Galles, W. H. Shot, H. Dyer, and W. W. Clifford be re-elected Directors and that Mr. S Walker be added to the Board."

Mr. Wainewright proposed, Mr. Short seconded, and it was unanimously, resolved that Mr. Geo. R. Corner and Mr.T: F.Grimble be reappointed. auditors for this year,

Mr. Wainewrigin, in reply to Mr. Harmon, said that Mr. Clifford having signed the debea- tures as "Managing Director" would not in the least invalidate them when he was found now to be a Shareholders' Director, though he (Mr. Wainewright) did not know exactly where the title of Managing Director came from (laughter). A vole of thanks to the Chairman brought the meeting to a close.-N. C.Daily News,

THE RAILWAY BRIDGE 47 TIENTSIN.

is running up an imposing edifice four stories high. May it be less pervaded with the scent of garlic and unsavoury odours-when it is in readiness to furnish fodder for man and beast- than his old shanty known as the Restaurant.

In the Foreign Concession Mr. Steinbeck has added several new buildings to his "Hotel de Is Corée." Some of the chief attractions are

his almost constantly frequented new Bowling Alleys and Billiards. I hear the proprietor is about to supply new and improved machinery for the manufacture of aurated and mineral

waters.

Her men-of-war of the Peiyang Squadron China is going ahead with a vengeance, arriving here now carry square ensigns, and our local Chinese Consul has sported a similar flag ever since the Emperor's wedding-day. I have made bold to send an order to Peking, to receive His Majesty's signature, to the effect that from the 1st April, 1890, the Chinese must discard their queues, the same as they did the dragon's tail (the triangular flag). 1 fear, however, that some confounded Censors will interfere with Maskee! Let my well-meaning intentions. them introduce the Julian Calendar instead, if they like!-Shanghai Mercury.

Full particulars can be obtained at the Com-

A. SHELTON HOOPER, Secretary. Victorin Buildings, Hongkong, 3rd May 1889

1532

AI MERCANTILE OF INSURANCE OFFICE, N'ENGLISHMAN (21) WANTS situation

either in Hongkong, or out-ports..

Book-keeping, Shortband; References, and Testimonials, Address:

c/o Hongkong Telegraph Office. Hongkong, 3rd May, 1889

Consignees.

NOTICE TO CONSIGNEES.

[534

S.S. "TARTAR.". FROM GLASGOW, LIVERPOOL, AND

SINGAPORE,

"ONSIGNEES of Cargo are hereby informed that all goods, are being landed at their risk, into the Godowns of the Kowloon Wharf and Godawn Company, at Kowloon, whence and/or from the wharves delivery may be obtained.

Optional cargo will be forwarded unless notice to the contrary be given before 10 A.M., TO- DAY.

HOW TO GAIN FLESH AND STRENGTH.-Take after each meal about a tablespoonful of Scott's Emulsion of Pure Cod Liver Oil with Hypophos- phites. It is almost as palatable as milk and easily digested. The rapidity with which deli- cate children and sickly people suffering from weakness and wasting disease Improve and thrive upaa this diet is truly marvellous. As a remedy for Consumption and Throat Affections and Bronchitis it is unequalled by any other pre-presented to the Undersigned on or before the paration in the world. Any Chemist can supply it.A S. Watson & Co. (Limited), agents in Hongkong and China-Advt.

The history of the Tientsin railway bridge furnishes another striking example of the sacri- fices which the Chinese will make at the shrine of their own "face" Certain Taothis who set np opposition to the bridge, headed by Hu, the territorial Tabtai of Tienisin, were over-ruled by the Viceroy on the strength of the reports of com- petent engineers and nautical experts, who pro nounced the bridge safe, and no hindrance to water traffic. The Taotais last face, that w38 all; but it was enough to inspire them with a resolation to destroy the bridge at all costs So the Grain Tantai, was drawn into the con- spiracy, an important functionary, who is inde- pendent of the local government, being in the service of the transport of Imperial grain. This bevy of officials importuned His Excellency to give them face by ordering the destruction of the bridge, and simply by continual coming they at Jength wearied him into acquiescence, and against his own judgment he gave the fatal order. The expense of this piece of foolish work har, of course, to be borne. by other people than there whose face was so deeply concorned in the removal of the bridge, and we believe the Salt Commissioner and Kung Thotai of the West Arsenal between them will have to provide the In means of removing the offending structure. But the transaction brings out into strong relief another weakness of the Chinese character-the incapacity to look beyond the narrow circle af inimédiate impressions. While doing so much to save the face of Hu Total, the higher authorities arem scarcely to reflect what an utterly ridiculous figure they will cut before the world. The autobiography of this bridge on its travels up and down the river would already make an amusing study in the hands of sprightly writer. How it was first ordered for the upper reach, and, after work had begun, was removed thence, to seek for a site where best it could; how a second site was fixed where the bridge would have sprung from the dividing road between the English and French concen sions; how this site was abandoned at, the instance of the French Consul, who had tide-waiter, and how the bridge was finally aqueezed into a place too narrow for it on the French concession; and how, after the plers have been sunk deep in the soll and the girders are in process of being placed, the order again comes to "move on." The fable of the old man and his ass is rehearsed in real life; the railway authorities (it is impossible to blame the directors for the latest whim, though they would have perhaps saved much of this trouble by greater firmness in the beginning), in trying to please everybody succeed in pleasing nobody, and in making an exhibition of themselves to the world, all to save the face of a few individuals who without rhyme or season had set their heart, against the bridge. Where the unfortunate structure will next turn up it were premature to confecture, as the order to remove so solid s work is quicker issued than execated, and during the destructive precess the authorities will have time enough to make and unmake many resolutions, Tantsin Timet,

To-day's Advertisements.

No Claims will be admitted kfter the Goods have left the Godowns, and all Goods remaining after the 6th proximo, will be subject to rent.

All claims against the steamer must be

6th proxima, or they will not be recognised.

No Fire Insurance has been effected. Bills of Lading will be countersigned by

ADAMSON, BELL & Co.j

Agents. Hongkong, 29th April, 1889. ** [494

"SHIRE" LINE OF STEAMERS.

NOTICE TO CONSIGNEES. the Matter of the Petitions of HENry

STEAMSHIP "PEMBROKESHIRE," HARRIS LAKE, of the Firm of HABELTINE, FROM HAMBURG, ANTWERP, LONDON, LAKE & Co., Patent Agents, Southampton

PENANG AND SINGAPORE. Buildings, London, England, for LETTERS PATENT for the exclusive use within the

"ONSIGNEES of Cargo are hereby Colony of Hongkong, of, the following formed that all Goods, are being landed

LETTERS PATENT,

Inventions:-

at their risk, into the Godowns of the Kowloon 4. Improvements relating to the Pulveriza-Wharf and Godown Company, at Kowloon, tion or Reduction of Mineral or other whence and/or from the wharven delivery may Substances and to Apparatus there be obtained.

fore;

Optional cargo will be forwarded unless b. Improvements in Apparatus for notice to the contrary be given before 4.P.M

Crushing or Pulverizing Ores and Today,

nther Substances;

and for which Her Majesty's ROYAL LETTERS PATENT were granted on the 26th day of January, 1887, and 20th day of March, 1888, respectively.. NOTICE is hereby given that the Petitions, properly no more to do with it than the senior N Specifications, and Declarations, required herein by Ordinance No. 14 of 1863, have been duly filed in the Office of the Colonial Secretary of Hongkong, and that it is the intention of the said HENRY HARRIS LAKE, by Mess, SHARP, JOHNSON & STOKES, his duly authorised Agents and Attorneys, to apply at the sitting of the Executive Council herei after mentioned for LETTERS PATENT for the exclusive use within the said Colony of Hongkong of the above-named Inventions,

No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining after the 4th proximo, will be subject to rent.

All claims against the Steamer must be pre- sented to the Undersigned on or before the 4th prox, or they will not be recognised

No Fire Insurance has been effected. Bills of Lading will be countersigned by

LADAMSON, BELL & Co.,

Agents. -Hongkong, 27th Apill, 1889.

[493 OCCIDENTAL AND ORIENTAL STEAM- SHIP COMPANY. NOTICE.

CONSIGNE

ONSIGNEES of Cargo per Steamship

ARABIC

rate of $8 per cent, per Annum from the due date until payment, in accordance with the Articles of Association.

Hongkong, dated the first day of May, 1889. W. H. WALKER,

Secretary.

517]

SUNGHIE DUA THE PUNJOM AND

..SAMANTAN MINING COMPANY,

LIMITED.

OTICE is hereby given that the Share-

NOTIC

holders who are desirous of taking up the NEW SHARES to which they are entitled in respect of the Shars of which they were the registered holders on the date of the confirma tion and in pursuance of the Special Resolution passed on the 4th April, 1889, and confirmed on the 20th April, 1889, must accept the same and pay the sum of $10 for each Now Sbare so accepted to the HONGKONG AND SHANGHAI BANKING CORPORATION, at Hongkong, an or before the 20th day of May instant, after which date the New Shares which shall not then have been accepted will be deemed to be declined.

Forms of acceptance and Banker's Receipt may be obtained on application at the Hongkong. and Shanghal Bank or at the Company's Office, No. 9. Queen's Road.

Dated 2nd day of May, 1889,

By Order,

528]

A. O'D. GOURDIN,

Secretary,

SOCIETE FRANCAISE DES CHARBON- NAGES DU TONKIN, MEETING of SHAREHOLDERS, will TOTICE is hereby given, that the FIRST

be held at the Company's Office, Hongay (Tonquin) on FRIDAY, the Thirty-first day of May, at Noon.

BUSINESS-

To receive the Report on the state of the Mines, and to fill vacancies on the Board of

Directore.

The owners of at least Twenty Shares to bearer, in order to have the right of attending the above Mecting, shali deposit their Shares either with the Undersigned, or with the Chief Manager of the HONGKONG AND SHANGHAI BANKING CORPORATION, not later than Fifteen Days before the Meeting, and there shall be delivered to them a card of admission to the Meeting.

By Order of the Board of Directors,

ALEXANDER LEVY, Secretary. Hongkong, 20th April, 1889.

CANTON INSURANCE OFFICE, LIMITED.

NOTICE TO CONTRIBUTORS.

[488

A FIRST INTERIM BONUS of Twenty per cent upon Contributions for the year 1888 has this day been declared..

Warrants may be bad on application at the aboye office on and after the 1st proximo,

JARDINE, MATHESON & CO., General Agents Canton Insurance Office, Limited.

€468 Hongkong, 15th April, 1889.

UNION INSURANCE SOCIETY OF CANTON, LIMITED.

NOTICE TO SHAREHOLDERS A

N INTERIM BONUS of twenty per cont

A upon contributions for the year. 1888, has

been declared... dal sen!

Warrants may be had on application at the Office of the Society on an after 1st May,

By Order of the Board,

N. JEDE,

Hongkong, 16th April, 1889.

NOW READY,

Secretary

[473

THE PRAYA: RECLAMATION SCHEME'

FULL of proceedings

The above Steamer having arrived, Consignees of Cargo are hereby requested to send in their Bills of Lading for Countersignature, and to take A connection with this gigantle undertaking

immediate delivery of their Goods from along side.

And Notice is hereby also given that a Sitting' of the Executive Council, before whom the matter of the Petitions will come for decision, will be held to the Council Chamber, as the Government Offices, Victoria, Hongkong, on TUESDAY, the 7th day of May, 1889, at 11AM

HENRY HARRIS LAKE, Cargo Imeding the discharge of the Vesse! Letbanen, vil skatta qolasangivdig will be landed and stored at Consignees" risk BABYAM SHARP, JOHNSON & STOKES, and expense.

Dengang mitarny bla Agents and Attorneys, "/

'CHAS. D. HARMAN, - Agent: Supreme Court House,

Hongkong, ard May, 1889,

($35

Hongkong, 29th April, 1889.

reprinted from the Hongkong Telegraph. With plan of the city of Victoria, showing the intended Reclamation.

PRICE...........ONE DOLLAR

To be obtained at Mesirs. KELLY & WALKEL, LD.) Mestra, LANE, CRAWFORD & Co's↑ and Mr. W. BREWER'LMASAM

Hongkong, sath July, 1885