1889-12-30 — Page 3

vertical saws and gickly trabiformed into seven solid planks. The contractors for the works are the Victoria Engine Works of Singapore, and the works have been carried out by their represen- tative, Mr. L A. Alexander, who has done his part in a highly creditable manner.

The supervision of manipulating the timber devolves upon Mr. Hugh Killer, and the machine shop is under the supervision 1 Mr. Robert Mackenzie. The responsibility for the work lies with Mr. Peler Mathir, the Manager, who has

· carried out--hia "duties in a most thorough and efficient manner and deserves the greatest credit for his energy, ability and perseverance.

The boiler-house contains three Tangye boilers capable of developing 160 horse-power, the steam generated by those bailers driving a lag bigh-pressure engine, algo by Tangye, which drives the main body of the saw mill machi-

nery,

The machine shop containe all the requisite tools necessary la effect repairs on machinery of any description.

THE HONGKONG TELEGRAPH, MONDAY, DECEMBER 30, 1889.

FOUNDERS SHARES.

Entimations

H

THE

Entimations.

BANK HOLIDAY.

a illustration of this we may state that the tof HALL & HOLTZ C. CO., the Undermentioned, BANKE, will be

the new system of Founders' shares has hit the As has already been stated in these column*, fancy of the investing and speculating public. Founders' shares in one particular Company are quoted ju t now at 7,000, and in another Com pany at 15,0 of; while the 17. Founders' shares are quoted from 140% in one case, up to 700/. in ano her. At the same time the system is criticised very severely by many people, some even going so far as to say that it is hardly honest. That is of course absurd. The obligation resting spon Promoters of joint-stock Companies is plain in the first place, to satisfy themselves of the enough. They are bourd to take reasonable care, value of the property which they offer to sell to the public; and they are bound, in the second place, to lay all material facts before the pub ic, neither suggesting anything false nor suppressing anything true so that an intending subscriber may have full 'materials before him promoters do this, they clearly are not guilty of to judge what the securities are worth, if the dishonesty. On the other hand, the advocates of the system contend that it affords a guarantee to investors superior to any other. If, for example, womoters sell a property or business. for cash, they may have perfectly honourable suspicion that they do not themselves belis ve reasons for doing so but they are open to the the property or business to be worth the price they ask for it. At all events, having obtained the money, it does not matter to them whether the Company afterwards succeeds or fails.

The saw mill contains a large vertical saw frame, connected to a sufficiently-powerful high pressure horizontal steam-engine. With this arrangement the frame can be driven at various speeds and is very much superior to the ordinary belt-driven frames. It is capable of cutting logs 48 inches square, can cary. 6o saws at a time, and makes splendid work. There is also a large self-acting circular saw-rack bench with travelling table of malleable iron, 40 feet long, and having a 72-inch circular saw. This bench is principally used for squaring-up round timber and cutting logs into Scantlings of large sizes. Three circular saw- benches, self acting by rope feed, are used for cutting battens, or planks, into boards or scant-partly in cash and partly in shores, they pro lings of various sizes; each of these benches can cut at the rate of from 30 to 60 feet per minute. There is also a self-acting Cross-cut saw bench; it is supplied with fence, index bar, and adjustable stopper, which save lining-off the

work.

shares

gain, even where promoters take payment bably secure in money all that they had ahendy only, expected profits. But in the Founders' laid out, and they consequently stand to lose shares system the promoters usually receive no payment in cash. to issue only a small number of Found- The ordinary plan is

Besides the saws already mentioned there is for every 103,000f of share captal The

ers' shares-any, a Thousand a large reciprocating cross-cut saw, for cross holders of the Ordinary shares are entitled to eutling large timber. The construction-of-this- machine is very simple, the whole being carried a preferential dividend of 5, 7, 10 per cent, as on a sol plate of box-section. The reciprocat the case may be. And only when this preferen ing parts are light and can be driven as a high tial dividend is paid are the holders of the speed. It is supplied with a horizontal chgine more usual plan is that they are to get half the Founders' shares entitled to anything. The for driving purposes and is considered a great improvement on any previous mode of cross-surplus profits. Therefore, it is contended the culting hitherto introduced. A large wood-promoters give the strongest proof of their own planing machine" with plane, joint, tongue and belief in the goodness of the business they ask groove, can plane any thickness of all kindsoftim. the public to subscribe to.

4

There is a certain

LIMITED.

NOVELTIES IN ALL

DEPARTMENTS.

SUITABLE FOR PRESENTS.

NEW

YEAR

NOVELTIES IN

ALL DEPARTMENTS.

SUITABLE FOR PRESENTS,

O-OPERATIVE

The HALL & BOLTZ COMMAND

Hongkong, 24th December, 189.

arising out of the issue of shares at a premium, or by the prohibition, at the outset, of the

something of the kind is done, cautious investors

[1212

HONGKONG CRICKET CLUB. NEXTRAORDINARY GENERAL

ber working the four sides at once, at speeda vary. Į amount of force in this contention; bút it must practice of issuing shares at a premium Until A MEETING will be held on MONDAY,

ing up to Go feet per minute, and can also mould timber to any design. There are also saw sharpening and punching-machines with newest appliances for putting saws in to working order, The machinery has been supplied by John McDowall and Sons of Johnstone, near Glasgow. An extensive space has been cleared on the Company's ground for offices, officers' quarters, etc., while tramways are laid down in all

directions to the end of the wharves and

the different machine-sheds. Everything in connection with this undertaking shows sign of very faithful and solid work, and it will doubtless prove a most valuable and payable property. We hear that in a very short time the Saw Mill will receive an official "christening,, and we wish the energetic promoter of the enter prise, the shareholders, and the engineers who have put up such a solid piece of work every success, -North Borneo Heraid.

THE MELANCHOLY MUMMER.

"Drop the curtain; rut out the light;

The play is ended, and, wrong or right, The players weary, with minds unstrung, Enter the bar-room one by one.,

"They, poor devils, with aching hearts,

Must hide their sorrows and play their parts; In one short night, from eight to eleven, Many an actor has earned a heaven."

(The Argument)

(though he's vex'i,

That the sermon isn't quite so very stupid as the

text,

The Prologue.

We are sick of the chestnut song

Of the mummer who plays his part Through al the evening long,

When agmy wrings his heart- Who grins in the footlights' glare,

And dances a hornpipe mad As he thinks, with a dull despair,

How the misaus is dreadful bad. . We are "jack" of his secret woes-

Of his baby that's lying dead While he trips on his gouty toes,

Or stands on his swollen bead;, And, as for the ballet "star,"

Who is ever (as barda ayer) The support of a palsied Mar→→ We are horribly tired of har,

not be pushed far as will be seen when we refer to existing shares at a premium. Mean time, we would point cut that vary often no property or actual business is sold. A Company is formed and offered for subscription to the public not to purchase land, or mines, or concessions, or patents, but itself to create and cany on a business. What is really sold then, is an idea, suggestion, or project. It may turn out profitable; but if it does, it has to be made so by the capital subscribed by the managers appointed. In such a case as the Ordinary shareholders and by the skill of this-and it is the more frequent case where Founders' shares are created, it would seem only reasonable that some limit should be fixed entitled to take. Ether they should receive half to what the holders of Founder's' shares, are

the surplus profits only fer à definite number of years, or there should be a maximum beyond which they should not be entitled to participate in any one year. Of course, even in such case there is no ground for charging the founders with dishonesty. The public know what they are agreeing to, and, if they do nột think the price too high, it would hardly be reasonable to expect that the vendors should be more par- ticular, But in the interest of the public we would point out that, where no actually existin property is told, they should insist upon fixing sume limit beyond which the holders of Founders' shares should not be entitled to par- ticipate in future profits.

The system of Founders' shares, then, is liable to abuse, like every other, but it is not necessarily In a Melboume theatre-programme that tommy dishonest. Even, however, where a Company

tot we read,

formed upon this plan is conceived in good faith, So we sermonised, as follows, before we went to the system is dangerous. Every Company props And the actor worth a button will admit, al-Machinery wears ou', mines are apt to become erly managed ought to make some provision. exhausted, and trade tself is now and then diver- ted from one channel to another. Therefore, there ought to be formed in every Company sinking fund of some kind or other. Further, it is to be borne in mind that great prosperity can not be expected to last for ever. There are per petual ups and downs in trade. Besides, if a Company declares very high dividends, it is likely to attract such competition as will quickly reduce its profits. A well-managed Compiry then, will up a reserve to against' con- tingencies. But how can there be a sinking fund or a reserve fund formed where Founders exist As the holders of Founders' shares postpone their claim to participation in profits until the Ordinary shareholders have received the percentage agreed apan, the spirit of the contract requires that the surplus should be fully distributed. The promoters evidently intend that this shall be done. They appoint the first directors, and in doing so it may be expected that they will select men on whom they can count to carry out their intention. The probability, therefore, is, that where Founders' shares exist the profits will be divided up to the last penny. It is, therefore, eminently desirable in the interests of the Ordinary shareholders that in Companies with Founder's shares a provision should be inserted in the articles of association for the gradual accumulation both of a sinking fund and of a reserve fund. But perhaps the strongest objec tion of all to this Founders' shares system is that it almost inevitably fosters speculation and improper-manipulation of the stock · market. Usually, when a Company of this kind is brought out, only half the shares are at first issued. The Ordinary share capital, for example, is fixed at 300,pool, let us say, in shares of 12. each, and 100,000% is first issued, the intention being to issue the remaining half of the capital by-and- by. The holders of the Founder's shares, who are the promoters and their friends, have a very strong interest indeed to rig the market, and raise the Ordinary shares to a premium. If they

will do well to lank with dis rust upon all Com-h-6th January, i 93 in Cricket Pavilion, at panics with Founders' shares. The presumption 4.30 PM, to elect a Pielea and to make is that the market will be rigged for the purpose arrangements for the approaching visit of the of extracting profi's from unwary investors, Teams from Singapore and Shanghai.

ARTHUR K. TRAVERS, Hon. Sec. H.K. C.C. Hongkong. 30th December. 1989.

There is another way still in which speculation At the pre- sent sime issuing houses scarcely ever venture to bring out new loans or companies until they have had them either wholly or largely under- written-that is to sav, until middlemen under-

themselves to take and pay for either the whole Ir a considerable part of the new issue. As these middlemen do not enter into this arrange- 'ment in the character of investors-on the con-

is stimulated by Founders' shares

take, in case the public should not subscribe,

Intimations.

CUSTOMS NOTIFICATION.

¡:│

[1643

*HE Temporary, Offices of the Undersigned have heen REMOVED from No. 17 ary, a plan, desire to it they could boy band Queen's Road to No. 14. Queen's Road, Bank

Buildings,

as they that be called

ia

4

F. A. MORGAN, Commissioner of Customs" for Kowloon and District,

Custom House, Kowloon, 28th December, 1880.

para dupa tra NOTICE.

[1640

with No. 6 of 1875,

CLOSED for the Transaction of Public Busi- ness, on WEDNESDAY next, the 1st January,

For the CHARTERED MERCANTILE BANK OF

- INDIA, LONDON, AND CHINA,

C. F. ROWBAND, Manager, Hongkong. For the CHARTERED BANK OF INDIA,

AUSTRALIA, AND CHISA,

T. H. WHITEHEAD, Mahager, Hongkong.

For the HONGKONG & SHANGHAI BANKING

CORPORATION,

G. E. NOBLE,

Chief Manager. For the NEW ORIENTAL BANK CORPORATION,

LIMITED,

· H. A. ·HERBERT;

Manager, Hongkong. For the COMPTOIR NATIONAL D'ESCOMPTE

DE PARIS,

CHANTREY INCHBALD, Agent, Hongkong. Hongkong, 27th December, 1889.

INSURANCE HOLIDAY,

[1631

HE Undermentioned INSURANCE OFFICES will be CLOSED for the trace saction of Public Business on WEDNESDAY next, the 1st January,

JARDINE, MATHESON & Co.,

General Agents. Canton Insurance Office, Limiited, General Managers..

Hongkong Fire Insurance Company, Ltd,

: N.. J. EDE.

Secretary, Union Insurance Society of Canton Ld.

I. C. T. GRAY, '

Acting Agent, -North China Insurance Company,”“Ld,”“”“

W. H. RAY,

Secretary,

י.

China Traders' Insurance Company, Ld. H. HARMS,

for the Liquidators,

Chinese Insurance Company, Limited. (In Liquidation.)

RUSSELL & Co.,

Agents. Yangisme Insurancë Association, Ltd. GEO. TOMLIN,

Acting Secretary, China Fire Insurance Company, Ltd.

ADAMSON, BELL & Co.,

Agents.

- Singapore Insurance Company, Límited. ROBT. BAIRD, -Agent,

The Straits Insurance Company, Ltd. "The Straits Fire Insurance Co., Ltd. Hongkong, 28th December. 1889.

1639

THE HONGKONG MARINA, LIMITED.

TENDERS are invited for PURCHASE of TopPER, LEADS and

TIMBER, THREE IRON MASTS, &c., &c. Tenders to be sent under seal to the undersigned from whom orders to view, may be obtained.

W. ST. JOHN H. HANCOCK.' 3, Beaconsfield Arcade, Hongkong, 28th December, 1889. [1641

HONGKONG AND CHINA GAS

. COMPANY, LIMITED.

THE HONGKONG HOTEL. Co., Ld, is now prepared to supply GAME PIES, CHRISTMAS CAKES, &c. A PICNIC THE TRANSFER BOOKS of the above PARTIES supplied with all requirements.

Apply to

CM. ROBERTS. Manager. Hongkong, 19'h-December, 188q.

NOTICE.

THOMAS KERR & CO.

NGINEERS, BOILER-MAKERS,

Company will 'be CLOSED from the and inst. to the tst day of January, 1890, both days faclusive.

F. W. CROSS, Manager. -[1601|| | ||Honekone, and December, 1889. [1508 HONGKONG AND KOWLOON WHARF AND GODOWN COMPANY, LIMITED, AND REDUCED.

Tonsignees.

NOTICE TO CONSIGNEES.

FROM CALCUTTA, PENANG, 'AND'

Co

SINGAPORE.

ONSIGNEES of CARGO per Steamship

"JAPAN". are hereby informed that their goods are being landed at their risk into the Hongkong and Kow- loon Wharf and Codown Company's Godowns at West Paint, whence delivery may be obtained.

Cargo remaining undelivered after the gist Inst., will be subject to rent. No Fire Insur ance has been effected;

Consignees are hereby informed, that all, claims must be made ininediately, as none will be entertained after the 29th instant.

Bills of Lading will be countersigned by

· DAVID SASSOON, SÖNG & Co Agents Hongkong, z4th December, 1899. riday

NORDDEUTSCHER LLOYD.

NOTICE TO CONSIGNEES,

STEAMSHIP BAYERN," FROM BREMEN AND FORTS OF CALL

THE above named Steamer having arrived, that their Goods, with the exception of Opium, Consignees of Cargo are hereby informed

Treasure and Valuables, are being landed and stored at, their risk into the Godowns of the Hongkong and Kowloon Wharf and Godown Company, Limited, Kowloon, whence delivery may be obtained..

Optional Cargo will be landed here in Hong kong unless notice to the contrary be given before a P.M., TO-DAY, the 26th inst.

No claims will be admitted after the Goods have left the Godowns, and all Goods remaining urdelivered after the and January, 1890, will be subject to rent.

All broken,-chafed, and damaged-Goods are to be le in the Godowns, where they will be examined on THURSDAY, the 'and January, 1802, at 4 P.M.

All Claims must reach us before the 3rd. January, or they will not be recognised. No Fire Insurance has been effected. Bills of Lading will be countersigned by

MELCHERS & Co,

Agents.

Hongkong, 26th December, 1889,

UNION, LINE.

NOTICE TO CONSIGNEES. FROM HAMBURG, MIDDLESBRO', LONDON AND SINGAPORE. *HE Steamship

THE "EUPHRATES," ..

Captain Edwards, having arrived from the above Ports, Consignees of Cargo are hereby requested to send in their Bills of Leading to the undersigned for countersignature and to take immediate delivery of their Goods from along- side.

The steamer is berthed at Kowloon Pier and Cargo impeding her discharge will be at once. tarded, and stored as Consignees risk and

expense and no Fire Insurance will be effected.

All claims against the steamer must he presented to the Undersigned on or before the 31st December, or they will not be recognised. RUSSELL & Co.,

Agents. Hongkong, 24th December, 1839.

(1617

P

Insurances.

THREE IMPORTANT FACTS ABOUT THE

STANDARD LIFE OFFICE

or shares-they must, of course, be induced to underwrite by the offer of some advantage Formerly which the general public do not get. they were generally given the shares or bonds at discount of say, 5 or 10 per cent but now Founders' shares are found to be more attractive. Suppose, for example, that a person agrees to unde write, a thousand shares, and is given as a compensation one or two Founders' shares. If the underwriter is lucky, and the public subscribe for the whole of the shares, he has his one or two Founders' shares for practically nothing, and he may be able to sell them for 200 or 300 apiece immediately. Even in the worst case, when the public do not subscribe, and he is a lled up on to pay for the thousand shares underwritten by him, he still has his one or two Founders' shares to reduce the sum by which he is out of pocket. The Founders' shares, at all events, are sure to be at a premium, and may be saleable rent longer, they may be sold at a still hieher immediately, perhaps, at 2007. each. If they are price This plan undoubtedly facilitates the issue of new Companies that are coming act in such numbers at present.. And by so doing it encourages reckless, and even fraudulent, promo- tion. We do not mean, of course, that in every case where there are Founders' ́shares the pro- motion of the Company is either reckless or fraudulent and that promoters are encouraged to prey upon the public by the fact that Founders' shares are in such request at present, that by N accordance with Section 120 of the Articles For the Hongkong and Kowlon Wharf and Tentacraigned having been appointed

offering them to premium-bunters with ready money at command, they are able to induce them to underwrite with very little previous inquiry.

Saturday Review.

To-day's Advertisements.

THE HONGKONG DIRECTORY.

LA

ADIES who have arrived in the

colony during the current year,

and-

those who have changed their residences since last publication, will oblige by forwarding THEIR ADDRESSES for

insertion in The Ladies' DirectORY

for 1890, not later than TO-DAY," the goth instant.

ADVERTISEMENTS for the

HONGKONG DIRECTORY will be

received up to TO-MORROW, the 31st instant.

E

AND

MEN CONTRACTORS, YAU-MA-TI ENGINEERING WORKS, Kowloon

Hongkong. 6th Tune, 1990

1701

CANTON INSURANCE OFFICE, LIMITED, NOTICE TO SHAREHOLDERS.

[OTICE is hereby given that the Under- -mentioned Shares in the Hongkong and Kowloon Wharf and Godown Company, Limited, and Reduced,viz-SCRIP No, 621 for 62 Shares Nos. 16890 to 16ost in the name of ALEXANDER MICHIE have been LOST, and should the same not be produced before the Thirty-first day of December next, NEW SCRIP will be ISSUED to the said ALEXANDER MICHE, and the aforesaid SCRIP No. 621 will be thereafter treated by this Company ne null and void.

1

EDWARD OSBORNE, Acting Secretary. Hongkong, and Nóvember, 1880..

2. 1970

THE HONGKONG, AND, SHANGHAI BANKING CORPORATION,.. EXTRAORDINARY MEETING OF

of. Association, the General Agents, with Godown Company, Limited, and Reduced. approval of the Consulting Committes, will on the 1st January, 130 isste Interest Warrants of $5 per Share, payable at the Hongkong and Shanghai Banking Corporation, the same being at the Rate of to .per cent per annum on the Paid-up Capital of the Office for the year 19, and Notice is hereby given that in order that the same may be adjus'ed, the TRANSFER BOOKS of the Office, will he "CLOSED). from the 18th to the 31st instant, both days inclusive,

· JARDINE, MATHESON & Conf General Agents, Canton Insurance Office, Limited, Hanglane 17 ) Decembr. 1889. GREEN ISLAND CEMENT CO.,

SHAREHOLDERS.

1-HALF A MILLION, STEERING, par

annum is being paid in Death claims. year by year. 1.-THE FUNDS IN HAND amount to up- wards of Six Million and Three-quarter pounds Sterling and have increased so per cent, in the last rs years.

3.

THE LIVES who die are annually replaced by more than double the number of fresh Carefully selected lives. - THE BORNEO COMPANY, "LIMITED.

Agents. Hongkong.

810-3] THE

INDIAN IMPERIAL MARINE INSURANCE COMPANY, LIMITED.

for above Company are pre- pared to accept MARINE RISKS at Current Rates.

GIBB, LIVINGSTON & Co,, Hongkong, 5th November, 1889. [1382 FIRE INSURANCE COMPANY, OF 1877: IN HAMBURG,

HE Undersigned having been appointed THE

Agents for the above Company, are. Current Rates. prepared to ACCEPT RISKS against FIRE

NORDINARY MEETING will be held at NOTICE is hereby given that an EXTRA

REUTER, BROCKELMANN & Co.,

Agents.

Hongkong, 1st July, 1880.

[811

at the CITY HALL, Hongkong, on THURSDAY, the 16th day of January. 1893 at Twelve o'clock Noon, when in accordance with the Tisoz

requirements of Article go of the Deed of Settle. LIMITED:ment of the Corporation, the Shareholders' will be'requested to authorize the Directors to necept no Ordinance, parsed by the Governor in Council of Hongkong amending the Hongkong and Shanghai Bank Ordinance No. 5 of 1866.THE Undersigned having been appointed- any of the Court of Directors,

NOTICE TO SHAREHOLDERS. "HAREHOLDERS are hereby notified that

instalment of $15. (Fifteen dollars) per share (on shares" pot · fully "paid)" is due on the "frie December.Pr88g. This instalment "will," be --¦ ¦ received at the Registered Office of the above Company No.61, Queen's Road Central, Hong- kong, on or before the above de'a Interest at the rate of xa per cent. per Annum will be charged on unpaid instalments.

C. EWENS, Gener Manager, Hongkong, 18th December. 1890

(1600

Larry Te

GENERAL LIFE AND FIRE ASSURANCE COMPANY IN

LONDON.

Agents for the above Company, are pre

pared to ACCEPT RISKS against FIRE and LIFE at Current Rates,

G. E. NOBLE,

Chief Manager." Hongkong, and December, 1889.

W

{1503

Auctions.

07

PUBLIC AUCTION JAPANESE PORCELAIN, BRONZES,

CURIOS, &c.,.

A considerable time, they will grab Premium for "THE HONGKONG TELEGRAPA" Office. HONGKONG AND SHANGHAI BANKING THE Undersigned has received Instructions

a probably be able

We know how the nymph must dance For the sake of a hungry brood- How her sister is blind, perchance,

And needs most nourishing food- How Dad's on a bed of pain,

And hasn't the strength to stir- Now, we inention this fact again, We are thoroughly sick of her! For isn't the world a stage-

As William, divine, did write- Where millions of folks engage

In acting from morn till night / Don't city men joke and jest

Though troubles are thick in town? Can't they smile when they're distress't,

As well the painted clown? Een the journallat slings bright stuff

When his eyes with dews are dim→ But A'r twaddled about enough.

We are rather full of him, There's the trafficker at the store,

In grods which are "soft" or "dry," Does biz, when his soul is sore,

And laughs when he'd like to cry, Does the pantomise dwarf or gnome

Know more of domestic care, Has he more wives dying at home

Than the barber who cuts his hair And doesn't the barber smirk

And.Jauntily wield his shears THI be sadly returns from work To a family bathed in tears? The baker who leaves the bread,

The butcher who brings the beef, At times have their loved ones dead, And whistle to hide their grief; No poet yet turned a verse

"In praise of the droll old boy, Who must solemnly drive a hearse While he's ready to Jump for Joy. They are players, yes, every one,

With fests that are far more freab, In the matter of polat and pan,

Than those of the old "perfesh." Oft the mummer's spontaneous mirth; As he struts on the stage at ease,

Is the saddest of trials on earth

For the public bo's paid to please.

·Sydney Bulletin

to fare the second half of the capital at a pre- malam. If they are, the premium is a clear

| profit, and it is divisible between the Ordinary shareholders and the holders of the Founders' shares, If it is large, enough to leave a surplus after the agreed percentage is paid to the Ordinary shareholders. Except where there

is an actual monopoly, the business must be extraordinary indeed which can yield divld. ends of, let us say, to per cent, for any length of time. It is not to be presumed, therefore, that the promoters expect to re ceive much dividend on their Founders' shates from the business for which ostensibly the Cam pany is created. Their real calculation is that the future issue of shares will be made at a premium, and that out of this premium they will receive very large returns. The system, then, in its very nature fosters improper mani- pulation of the stock markets and undue speculation," And it is this which constitutes the strongest objection, to the system--not the supposed dishonest arrangement, or the undue claim to participation in profits: The objection might be removed either by an express renuncia- tion on the part of the holders of Founders' shacon of any: slaim to participation in prošte

Pedder's Hill, Hongkong, 28th December, 1889..

A

WANTED.

- CORPORATION, - OTICE is hereby given that the under Nctioned the Safe Certificates,

viz:-

Sell by Public Auction, on

SATURDAY,

the 4th January, 1890, commencing at 3.30 P.M.; sharp,

No. B. 2071-3465/66, 4645/31) |

$1692/712 ......

21341/55, 14339/9350 Shares,OF

COMPETENT JOURNALIST to assist on a small paper in one of the out ports. Address

IN THE NAME OF L. MENDEL, . clo Hongkong Telegraph Office. No. B. 2099-3200/3289.......

G. "Hongkong, 30th December, 1889.

B2$35-$3909/23. 57343/46.) [1649

PUBLIC SCHOOL,

•

•m

JAPANESE WARE, CURIOS AND

REUTER, BROCKELMANN & Co Hongkong, 1st July, 1889

NOTICE.

(822

THE MAN ON INSURANCE COMPANY, THE

LIMITED.

$1,000,000.

CAPITAL SUBSCRIBED MAREER COmpany. 1. prepared to accept

at CURRENT RATES on GOODE &c. Policies granted to all Parts of the world payable at any of lis Agencies, Prague

•ATEWOO LIN YUEN

Secretary

HEAD OFFICE, PARENÓ. 2, QUEEN'S ROAD WIT

Hongkong, 1st February, 1882.

VAR IGENERAL NOTICE, BROWNI

"THE ON TAI INSURANCE COMPANY, Ak page, valik (LIMITED.)..

EQUAL TOʻ

A VERY FINE AND LARGE SELECTION:

WORKS OF ART,

Comprising: FINE SATSUMA, KAĞA, KIOTO, TOKIO and IMARI VASES, JARS, INCENSE BURNERS PLATES, BOWLS, TEA and BREAKFAST SETS of novel designs, čoči IN THE 1406/10) NAME OF W.D. SPENCE

VERY FINE CLOISONNE WARE, auch HONGKONG PUBL

No. B. 216917918/270335

as VASES, JARS, PLAQUES and BOXES, CAPITAL TAELS 600,000, THE PUBLIC PRIZE-GIVING will tako IN THE NAME OF W. H. GASKELL,

SILVER and GOLD INLAID BRONZES and place on SATURDAY, Jaunary, 4th, ke together One Hundred Shares have been LOST, BRONZE WARE VERY HANDSOME RESERVE FUND Noon.

and should the same not be produced before the INLAID CABINETS and PANELS IVORY His Excellency the Governor has kindly con- Thirty-first Day of December next, New CertifiCARVINGS and NITSUKI9, &c. Regu sented to preside

cates will be issued to the said L. MENDEL, W. Hangkong, 30th December, 1889, *(1646

D. SPENCE and W/HGASKELL respectively) and the aforesaid Certificates B 2071, B 2099 HONGKONG PUBLIC SCHOOL B 2134, and B 226g will be thereafter treated

this Corporation as null and void. THE EASTER TERM will commerce on For the HONGKONG AND SHANDEAL HANKING

MONDAY, January 6th, 1890, at gam

CORPORATION, DACRE ME CJ, BATEMAN,

Make the GE NOBLETS Head Master

Chief Manager. ngkdig, goth December, 1999)-5(1647,

AVON BOARD OF VERY FINE SILK EMBROIDERIES LEE SING BROCADES, KAKIMONOS, SILK HAND: LOW TO KERCHIEFS, SCREENS and other CURIOS and WORKS of ART. SE

Catalogues will be issued previous to sale and she abava will be on View on Friday FATERMS AS USUAL,--CAS

$813.333.33

43318,000.00,

kuk Moon, Erg