1890-04-11 — Page 2

Intimations.

DAKIN BROS. OF CHINA

LIMITED, CHEMISTS.

PECIAL AGENTS for the KEPLER

EXTRACT of MALT,

(Concentrated and Non-Alcoholic)

A deliciousTM" fissue-forming" and " force-

• producing" Digestive Food. The best known and the largest used,

The Lancet.

THE HONGKONG TELEGRAPH, FRIDAY, APRIL 11, 1890.

THE P.&O. 5, N. Co's extra' steamers Galler | THE memorial stone of the Union Church was and Hongkong, left Bombay for this port on the 3rd and 5th init, respectively..

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laid yesterday evening. The Church, it will be remembered,, used to be in Staunton Street, but the trustees took it down and sold the site. The old materials will be used in re-érecting the HIS EXCELLENCY Min Yong Sah, brother of edifice in its present situation, Kennedy Road H. H. Min Yang Ik, is now president (Tob-pan)Dr. Chalmen performed the ceremony. Bishop of the Korean Foreign Office.

Burdon, the Rev. W. Jennings, and many members being present.

THE many friends of Capt. Olifent, of the steam. ship Arrataon Apcar, will regret to hear that he is ill in hospital at Singapore.

A FRW weeks ago Marriano Rodriguez was found on an island off Patagonia, where he had lived alone, having been shipwrecked in 1880.

The Hongkong Choral Societe will perform Gaul's sacred cantata "Ruth" in St. John's

THERE is no such thing in this day and generation, says the Medical Visitor very aptly, asmaking basic slowly." If the Chicago business man could be shot through a paoumatic tube lato New York City in the space of a few minutes, the limited express train taking twenty- four hours to reach there would no longer be patronised. And if the New Yorker could land in Liverpool in less than two days vid an nii

day of usefulness bad fled. No one has time to build Egyptian pyramids nowadays; indeed, with every facility to visit the land of the THE Londen Fair Trader mournfully observes Pharaohs, few of us have time even to stop and that "by the death of Jefferson Davis the Freelook at such works of art. Speed is the necessity trade cause in the United States has lost a powerful ally."

Vain Hope is a good jumper, and althoug larking in race must have a gond show for the "V" Steeplechase. Tai being the best know of the others. Athol Brose is shaped like jumper, and Total Loss Pedro Blanco, and St horsemanship will decide the issue. Cyrus have all negotiated the course. Perhaps

The Brokers' Cup, half a mile, should prove n gift for Enterprise, if he is kept specially for this event, as the solb, penalty will probably stop all the race-ponies, excepting perhaps Salt- petre. Musket may run well, and Wolflaw, if he comes to the post sound, has a turn of spee that may bring him dangerously close to the

winner.

For the Champions the best known performer are Mullingar, Musket, Keep Tryst Saltpetre. and Senator, and whichever of this quintette runs unpenalised will be worth looking after

best "tip" for the Champions.

*The objects for which this Company is formed are from time to time and at any time to do transact and carry on in the Colony of Hongkong and its dependencies (but not ilse where) all or any or either of the acts, deeds, matters, and things hereinafter mentioned; that is to say, and it enumerates them,

is a little warm milk, but some people prefer it Cathedral on Thursday next, the 17th inst., at line, the ocean greyhounds would find their The result of the Farewell Cup will prove the special act passed for the purpose, that he could

As an article of diet in wasting diseases, the Kepler Extract is liked by patients, and often inken readily when other forms are not retained It is a good plan to begin with a teaspoonful three times a day, but the dose may be rapidly, increased to a tablespoonful or more. One of the best vehicles for taking the Extract of Malt

alone, whilst others like it with soda water," London Medical Record. KEPLER SOLUTION OF COD LIVER OIL

IN MALT EXTRACT. "An ideal form for the administration of far." -Brit, Medical Journal.

"It has hardly any of the taste of the oil. Many can take it easily who cannot take the oil”—The Lancet.

The taste of the oil is agreeably disguised, its nutritive qualities are greatly increased, and it is rendered easy of digestion."

n.”—Brit. Med. Fournal.

"DAKIN'S COD LIVER OIL.

Our Cod Liver Oil is prepared from fresh liver, without heat, and is therefore of a pale straw colour, easily digestible and free from unpleasant taste and odour.,

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In bottles at cents 75 and $1.25, [52

(Telephone No. 60.)

DY APPOINTMENT,

5.30 p.m...

A REGULAN meeting of St. John Lodge, No. 618, S.C., will be held in Freemasons Hall. Zetland Street, this evening, at 8.30 for qo'clock precisely Visiting brethren are cordially invited

MR. C. D. Harman, agent of the O. & O. S. S.

mails, &c, from San Francisco, via Honolulu, to

Co. Inform us that the steamship Belgic, with the 22nd ulto, has arrived at Yokohama, and will leave for this port to morrow.

THE weather on the North Atlantic occan during January and February was of the stormiest kind, but many vessels report that they used all with good effect in preventing heavy seas from boarding them. Oil is now accepted as a pre.

ventor of disamoṛa.

A. S. WATSON & CO., LD. We are requested to state that His Excellency the Officer Administering the Government will ESTABLISHED A.D. 1841.

present the prizes awarded by the Belilios Trustees on Monday next at 3 pm, at Gover- MANUFACTURERS OF AERATED ment House. Parents and Teachers of the prize.

WATERS.

winners are invited to attend, i

OUR AERATED WATER MANUFACTORY is replete with the best Machinery, embodying

all the latest improvements in the trade..

New York bay, during a dense fog on. December 18th.

We read that the Underwriters at New York have awarded the owner of the tug boat / T. Haviland the sum of eleven hundred dollars for services rendered to the British ship Narwhal, from The greatest attention has been paid to appli-Hongkong, which grounded on the S. W. Spit, ances for ensuring purity in the Water-supply, to secure which we have added a Condenser cap. able of supplying us with 3,000 gallons of distilled water a day, and are now in a position to compete in quality with the best English Makers. Our Sweet Waters cannot be surpassed anywhere.

The purest ingredients only are used, and the utmost care and cleanliness are exercised in the manufacture throughout.

LARGE BOMBAY

"SODAS"

We continue to supply large bottles as heretofore, free of Extra Charge, to those of our Customers who prefer to have them to the ordinary size.

COAST PORT ORDERS.. whenever practicable, are despatched by first steamer leaving after receipt of order.

FOR COAST PORTS, Waters are packed and placed on board ship at Hongkong prices, and

the full amount allowed for Packages and Empties when received in good order.

Counterfail Order Books supplied on applica-

tion.

Our Registered. Telegraphic Address is, "DISPENSARY, HONGKONG," And all signed messages addressed thus will receive prompt attention.

The following is a List of Waters always

kept ready in Stock :- PURE AERATED WATERS.

SODA WATER ·

LEMONADE

POTASH WATER.

SELTZER WATER

LITHIA WATER

SARSAPARILLA WATER

TONIC WATER

GINGER ALE

GINGERADE.

No Credit given for bottles that look dirty, or greasy, or that appear to have been used for any other purpose than that of Containing, Aerated Water, as such bottles are {never used again by us.

A'S, WATSON & Co., LIMITED, Hongkong, China, and Manila.

'NOTICES TO CORRESPONDENTS.

[s

In la requested that all communications relating to Subscripilems, Advertisements, K., be addressed to the "Manager, Hanghong Telegraph", and not to the Editor.

Lauan on Editorial matters to be sent ts "The Editor and

} not to individual members of the staff.

Corunafcatione facended for publication must be accompanied

by address not for publicades: but as evidence of good faith

Whilst the columns of the Hongkong Telesph will dways

At the "Fragrant Waters" incubator has got to po. An Australian paper has this in its agony column:-

E. J→Pear-Browney, all fully forziven and forgotten. Welte or wire through your mulher. Almost distracted. – Nad.

"No, don't put a wire through your pore old mother, Brownie.

し

WHEN the Prince of Wales visited "Olympia " circus he assured Barnum that it would not be bis last appearance. On which the grand old humbug, in a voice broken with emotion, told the Prince that he "hind made an old man exceedingly happy "Burnum may yet have, a chance of running the Prince with other dethroned monarchs as a side show, a

..

THE Band of the A. & S: Highlanders will play the following programme on the Barrack Square, this evening, commencing at 7.30 o'clock:-

March.............." Belphegor "..

Conusugist' Venetia

T.ncer... Valk........

.Brennant. D'Ailert. ..Lowthian. Wheeler. ziuailrilten ༄ - མ ། ཟ as མ ་ཐ

Spanish Beauty" "Helle. Galup...“ Saucy Kate "........ +

Crave.

Polka.........

"Chile"

A FEW weeks ago the Princess of Wales had a seniskin jacket made for her lapdog in Paris, and the important fact. was cabled over half the

civilized world. It was not of any profound degree of importance, but the result is amusing, One of the most prominent furriers in New York made twelve jackets for dogs immediately on seeing the news in the paper, and they were all sold within two weeks.

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THE Admiralty have determined to introduce a new kind of saluting in the navy. Up to date. sailors have saluted their officers by raising their hats. In future they will bring the band up to the head after the military fashion, only with the side of the hand to the front instead of the palm. The reason for the change is not obvious, It may be due either to a mere desire abolish old customs, or to a fear that raising the hat may give the men colds in 'the head.

A SHEEPISHI-LOOKING outcast named Lam Hing stood to attention" at the Magistracy thir morning to answer a charge of having returned from banishment in defiance of a magisterial lease issued some twelve months ago. Lam went right back on his relatives, who live "o'er the water and told his Worship that the time hehad spent with them had been both unpleasant the Relior does not in any way hold himself responsible and unprofitable, and that he would never be happy until Hongkong became his home. Mr. Robinson took him at his word, and sent him to the bosom of his friends in Gordon Castle for another year.

be open for the fair discussion by correspondenta of all questions affecting public interests, it must be disilocply understood that

opinions thus expressed.

TO ADVERTISERS.

J

Advertisers are requested to forward all notices intended for lasertion in that day's are not later than Three o'clock so as not to retard the early publication of the paper not ordered for

Advertisements and Subscriptions which are fixed partod will be cominued unili countermandad. ·

The Hongkong Telegraph, has the largest circulation of any English newspaper raibland in the Far East, and is therefore the best madium

Advertisers. Tarica za belast on application.

Exchange la No. 1

..

TO SUBSCRIBERS,

reminded that a31 Subscriptions are payabli in advance,

|

OUR Singapore contemporary the Straits Times

יי

AN OLD SPORTSMAN. Hongkong, 11th April, 1890.

of a

new company,

ad quate remuneration they will have a far superior lot of men to choose from, and that officers, instead of being indifferent as to whether they retain their situations or not, will feel that they have something at stake and endeavour to make their services of increased value to their employers. Therefore instead of growling tooge another about the stinginess of owners, let us unite at ence and remedy our disgraceful coadi tion, due solely to treachery amonst ourselves and lack of courage to a'sert our claims.

A chief mate's pay should be from $100 to Srzo a month; a second's $70; and a third's $30, and ship-owners, by promoting their junior office s, would have the satisfaction of knowing that by the time a man became chief, drawing $130 a month, he was a "laborer worthy of his hire."

ONE AMONGST YOU. Hongkong, 10th April, 1890. [We have omitted from our correspondent's letter a suggestion that subscriptions from ship's officers for the purpose of forming some sort of organisation should be sent to this officej for the simple reason that it is not the busi- ness of a public newspaper to undertake any such responsibility.—Ed; H.K. Telegraph.]

Every shareholder subscribed his money for that purpose and that purpose alone and with the full assurance that the law protected him, aven from himself, and forbade the use of his money for any other purpose; that no majority could alter that memorandum; that all the members of the Company assenting could not vary it that nothing but reconstruction, by the dissolution of the old Company and the formd tion of a new one for other purposes, could get rid of the memorandum and of its limitations; that a majority might force on reconstruction Those amongst us who are willing to cater but, whether that was under the acts or under a into this movement should amalgamate and start an Association in Hongkong with the view of not be forced to remain a member of the new protecting our interest, raising the standard of organisation, he must be paid out and satisfied..officers on the China coast, and giving ship- Hundreds of Companies have been recon- owners a more reliable class of men. If this structed voluntarily, and the Companies' Acts were done I feel confident that employers would of necessities of our time, and if lightning speed

provide for reconstruction and specify In detail soon cease to regard their officers in the same THE DRAIN-PIPERS.

how and with what precautions it is to be carried light as winches, or, as some do, and justly so, can be obtained, nothing but lightning speed

out. Reconstruction is sometimes, but very will be tolerated. This rule applies equally

necessary evils. rarely, effected by Act of Parliament, but only in to firing a gun, making money, the develop- Quite a good field at the Sanitary Sky Meet- ment of science. This century has alreadying this afternoon. Nothing much doing. Pun

case of quasi-public companies that need to have passed through the phases of a cotton age, an

stalulory powers, and then every such act recites, kahs started for the summer. First business-That the Reconstruction cannot be effected but Iron age, and is rapidly being transformed into consideration of sanitation at Whitfeild and by Act of Parliament. But in every case it is an electrical age.

Yau-ma-il. Mr. Francis opens with row to reconstruction, dissolution of the old company, the Secretary, for not circulating the reports on and the formation these mallers. Mr. McCallum looks very help with special provision for the protection of dis. has the following in its issue of the and inst:-less, but unearths a resolution justifying als senticat abareholders and after careful investiga

This morning, before Mr. Justice Geldney, in action, or inaction. Wrong again-another tion by a Committee of the House under very the Supreme Court, William Norris, ex Sheriff resolution found, altering that. Secretary very stringent rules, of Singapore, who was in the custody of Warder hot. Matter dropped. Draft of the Bill for Zimmer of the Civil Prison, appeared to make an Regulating the Water Supply, forwarded by the application for an order to release him from gnol. Government for review, tabled. Mr. Francis It will be remembered that Norris disobeyed an

wants a speci 1 day to deal with it. Friday fixed. Cattle question follows. Uninspected order of the Court in respect of certain monetary irregularities, and on the 3rd February last Mr. Cattle said to be slaughtered. Mr. Francis points out that the Board can't do anything. Doesn' Justice Goldney made an order for his commit- ment. On that day Norris could not be found, see why the Board should bother its head. any but the following day he surrendered him- how. The President does, and moves that all self and was committed to prison. On the laughtered animals grust be first inspected. Mr 17th March Norris was brought before the

Francis obstructs; says there are no existing court and cross-examined upon his affidavit

means of carrying the order out. · Left obstruct- in bankruptcy, and with this exception he has ing. been confined in the Civil Prison since Feb. 4th. This morning no one appeared to oppose his application, and Mr. Goldney made an order: for his release, Norris went downstairs, and was leaving the court, when a detective officer arrested him on a warrant charging him with criminal breach of trust in respect of $87.65, as offence under Sec. 408 of the Penal Code. formally charged before Mr. Anthocisz, and, at Norris was taken to the Police Court, and

the request of the Police, the hearing of the case. was postponed till Thursday, the zoth instant. Bail was allowed in the sum of $10,000, and Norris falling to find suretis, the magistrate

made an order for his commitment."

THE first meeting of the China Association was held in London on the 5th ult., Mr. W. Keswick prealding, and a lot of old China hand attending. At the banquet Sir Thomas Wade, the newly elected Chairman, presided, and "cracked up" Hongkong. Whilst proposing the toast of the evening, The China Association," be said that he could not help feeling that a very large part of the backwardness of China and her slowness to adapt herself to Western civilisation and her tendency simply to abhor us, was due to her profound ignorance. There was one duty which they should specially keep to the front, and did not propose that the China Association should that was the necessity of educating China. He take the place of missionaries for the purpose of enlightening this ancient people,, but he did propose that they should turn their attention very seriously to the establishment of papers in the native tongue that would inform the Chinese very plainly and seriously what their best interests were, and the absolute necessity of the development of their own resources, if they were to protect themselves against the influences necessarily threatened their independence. It was of no use to point, at this moment particularly, either to Russia, or France, or our- selves, or anybody else, as directly menacing the indepence of China; but the torpor of the Chinese would necessarily lavite aggression, With regard to Russia he could not refrain from observing that, with 3,000 miles of con- terminous frontier, difficulties of one kind or another might be very possible, Nothing was further from his wish than to see China converted, into an aggressive power, but he could not abate the dread with which he looked forward to the possibility of her succumbing to a foreign power, out of her sheer backwardness and Inertia attributable to the ignorance of which he had just been speaking.

THE SKY MEETING.

The races to-morrow will commence at 3.30 p.m. Some really good sport is confidently anticipated, although a considerable number of the ponies entered are in anything but first class condition, while several more have felt the effects of galloping on a hard track and are, to say the least, under suspicion as to soundness.

Cup, a six furlongs spin for unplaced"Sub,

The first race on the card is the Tai Ma Fong griffins of this and last year, and at least half a doren candidates should face the starter. I was not previously aware that Ally Sloper had been a "Sub," but anyhow he can have no chance against ponies that can race even a little. It was reported yesterday that Enterprise, having won the Visitors' Cup on the "Off-Day at the recent event and had been ruled out; however, as Jockey Club Meeting, was not qualified for this his name appears on the official card it is to be presumed that the Stewards went

THE following information, says the Brisbane Courier, will be of interest at the present time, The Honghang Telegraph's sumber at the Telephone Combal having struck an unknown rocke is highly pro- as showing that the theory of the steamer Quelin bable. The "Douglas" steamer Thales, Bao registered tons, drawing 15ft 6in., and trading Subscribers to The Hongkong Telegraph se zapacfully between Chine and Sydney, on the 24th March, back on their, original decision. If Enterprise 1877, reported having struck on a rock two miles is all right, and there is anything in public south by east from Cambridge Point, Mount form, he ought to win this race easily Adolphos Island. This wou'd be about two Enthusiast is a free mover, hat, he can't miles south-east of the spot where the Quetta is stay the distance, and as I have not seen Good ald to have been wrecked. The Thales was on Hope since the Races, I really cannot guage his voyage from Hongkong to Sydney, and had on prospects for this journey. He could gallop in board 487 passengers, including the crew. The good form last January. Athol Brosp may prove passengers were Chinese, The vessel, which was dangerous, and Thunderbolt moves in good style. considerably damaged, was able to proceed on Wolffaw and St. Cyrus san badly in February her voyage to Cooktown, where she was tem- and the first-named is unsound, but both these porarily repaired.

screws are in fair condition, and the pony that bests them will be returned the winner of this rice.

The Hongkong Telegraph

THE LAND INVESTMENT, CO:S

ORDINANCE.

We have been requested to publish the follow. ing letter:-

BANK BUILDINGS, HONGKONG,

10th April, 1990,

His Excellency Francis Fleming, C.M.G., the Offer Administering the Government of Hongkong

publicly with reference to an ordinance which SIR-1 beg permission to address you thes

passed, according to the reports in the daily papers the Legislative Council vestriday. He entitled The Hongkong Land Investment and Agency Company Limited Ordinance," and the effect of it is to empower a limited liability cum- pany being that name and formed for the purpose of transacting a certain class of business in this Colony, and in this Colony only, to world, and to seek investment for its capital, the extend its business to every part of the known property of its shareholders, in any and every form of security, everywhere, at the will and pleasure of irremovable Directors.

I make bold to say that no attempf has ever before been made to alter a. company's funda- mental articles in this fashion and no act of this Parliament, much less passed. nature has ever been presented to the Imperial

alter the contract entered into between the share What does this Ordinance profess to do to holders in its very essence, to extend the powers of the company from Hongkong and its to all creation, to make this binding on every dependencies, to which they were strictly limited, dissentient shareholder at the will of a majority, and to afford to protection whatever to any man who, subscribing his money tor one purpose, objected to seeing it applied to a hundred others. The protection supposed to be afforded by the 3rd paragraph of the Ordinance is a delusion. It orandum of Association a provision existing in ignorantly applies to alterations in the Mem- the Acts and Ordinances applicable only to amendments in the Articles of Association.

I object to this Ordinance :-

1. Because it has been introduced into the Council by the Managing Directors of the Com- pany, without the authority of the Company first

obtained.

Directors. I assume that they have consulted I do not, question the bona fides of the

many large shareholders, or some, and have have not taken the sense of the members secured a certain number of assents, but they generally in any form.

2. Because the only proper course for the Directors and the Company to adopt is, if they have a capital so tremendously in excess of the requirements of the Colony and so far beyond course that nearly every shareholder would adopt the legitimate objects of the company, and the with pleasure, would be the reduction of the capital, and the return to the members of the surplus money.

ance.

My object in addressing your Excellency is to

3. Because, assuming that a large majority of Ordinance that has been, I make bold to say, of the company's operations, the only safe, proper, entr at you to refuse to sign and confirm an

shareholders are in favour of widening the range allowed to pass through the Council impro-and legal method is reconstruction in either of vidently, and which, if its true character and the secognised methods, voluntarily or by Ordin- bearing had been noticed beforehand, would never have been allowed to be introduced. I am a shareholder in the company, and ought perhaps, to have taken steps at an earlier stage your Excellency that I calculated on the Bill to oppose the passing of the measure, but I assure being thrown out or withdrawn immediately on its coming before the Attorney General.

My objections are more of a legal and constitu- tional character than of the class to be expected from a person simply in the position of a share holder. As a shareholder, I admit that the com- pany stands in need of alteration and improve ment, but I do not admit that the powers sought and obtained by means of this ordinance are quite in the right direction. I am of opinion that far beyond the needs and requirements of this if the company has, unwisely, raised a capital colony, it should reduce its capital and return their money to the shareholders; but even if I thought that the association really needed more room for development it would still appear to me that the absolutely unlimited powers taken under the present ordinance are excessive and dangerous, and I should oppose it on that ground.

My objections to the ordinance are not, how ever, taken in my capacity as a shareholder, al- stand in addressing your Excellency and must though my belag a shareholder gives me a locus add weight to my words,

4. Because, supposing this Ordinance to be what it emphatically is not, a reconstruction Ordinance, there is absolutely no need to proceed panies Acts and Ordinances is easy and simple, by Ordinance. Reconstruction under the Com-

and Acts of Parliament are never passed for the purpose of doing that which can be done law fully and properly otherwise.

The real objection to reconstruction is probably that most people interested in the Company would like to ace its capital reduced and its constitution altered or the thing wound up.

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5. Because, assuming again this to be a reconstruction ordinance, which it is not, it has heen passed through the Council without ade- quate notice to the public or to the shareholders, who are to be found in England as well as in the East.. I admit that the Rules of Council as to private Bills have been compiled with, butthey are wholly inadequate, and in Council there has been no inquiry whatever into the truth of the state ments in the Preamble that it is desirable to authorise the company to transact business else where than in the colony.

6. Because, even if it be desirable to extend the powers of the company, the extension sought for is far too wide and unlimted.

the ordinance is in direct violation of the 7. Because, as I stated to begin with,

existing Imperial' and 'Local law on the sub- ject of companies, and is, in my opinion, entirely beyond the powers of a local and Imited Legislative Assembly like cors. The Imperial Parliament can do what it likes, but, with all its powere, it would, I feel certala, never Colonial Legislatures have really very limited pass such an Act as the present ordinance. powers and they are expressly forbidden from passing ordinances that run counter to the great

I oppose this crdinance, and beg of your Excellency to refuse to send it forth to the world with your name appended, because it infringes one of the principles most stringently inculcated and enforced by the law of England with refer- ciple that the fundamental terms of the partner ence to Limited Liability Companies, the prin

ship agreement embodied in the Memorandum of Association shall not be departed from or varied in one inta net open with the assent of lines of English legislation. every individual shareholder in the company concerned. A company is a partnership consist lency to

of many members, often widely scattered, and most of whom have no knowledge whatever of the business in which they bave invested their fands, managed by Directors necessarily entrusted with very large powers and with very wide' discretion. The objects for which every such partnership is formed are set cut in its Memorandum of Association. That document, in the words of Lord Cairns, 'stater affirmatively the ambit and extent of vitality and power which by law are given to the Corporation, and nega- tively that nothing shall be done beyond that ambit and that no attempt shall be made to use the corporate life for any purpose than that which is there specified.*

For these reasons I humbly ask Your Excel- disallow The Hongkong Land Investiment and Agency Company Limited Ordinance. obedient servant,

I have the honour to be, Sir, your most

JNO. 1. FRANCIS, Q.C.

CORRESPONDENCE.

Wadence necessarily endorse the opinions expressed by Correspondeats in this columa).

THE ALICE MEMORIAL HOSPITAL. TO THE EDITOR Or the "Hovarono Telegraph," DEAR SIRI shall be glad if you will acknow, ledge the following additional sums received by me for the funds of the Alice Memoral Hospital, A Gentlemen. viz :—

Messrs. A. S. Hancock Miss Gasperium S J. Danby, Esq............ W. Thomas, Esq. J. W. Osborne, Esq Andrew Johnston, Esq...

Yours faithfully,

E. W. MAITLAND, Hon. Treasurer, Alice Memorial Hospital,

Hongkong, April 11th, 1890.

THE PROMOTION OF " BABY PUNJOMS."

Sunghle Dua Samantan Mining Company, The articles provide that the Punjom and Limited; who are the vendors to the company, and, with Donald Cameron, are the promoters of the com-any, have fixed the sum to be paid

140,000, payable as to £100,000 in fully paid- by the company under the said agreement at up shares, and as to 5.000 in cash and £35,000 in fully paid-up, shares at the option of the company. Out of the said sum of 4000 the vendors are to pay £35,000 in cash or shares to the said Donald Cameron shall be entitled so to do, and shall be entitled for the promotion of the company, and they' to receive the same, and no part of the said sum of £140,000 thall be recovered front the vendors or the said Donald Cameron on the ground that they or either of them are promoters the company, or on any ground whatsoever. of or otherwise stand in a fiduciary relation to

The directors shall not be less than three nor more than seven in number, and the first skali. be Frederick Banister, John Ashton Bell. William Gibson: Brod e, John Ewart, William- Fraser, and Erasmus Henry Mauritius Gower. The said Punjom And Sunghie Dua Samantan to appoint two directors so long as not less than Mining Company, Limited, shall have the right 50,000 shares are registered in the name of that company, and one director so long as not less than 20,000 shares are regis- tered in the name of that company, and any director so appointed may from time to time be removed by that company, who may appoint a director in his place. A director so appointed shall not be required to retire by rotation, or to hold the director's qualification. The first direc tors shall, until the ordinary general meeting, held in the year 1891, have power to appoint additional directors, but so that the total number shall not at any one time exceed seven in the whale, unless it be otherwise determined by the resolution of a general, meeting. The qualifica- tion of a director other than the first directors shall be the holding alone, and not jointly with any other person, of ago registered shares. The future remuneration of the directors, and their remuneration for services performed previously. to the first ordinary meeting, shall be determined by the company in general meeting.

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MEMORANDA OF ASSOCIATION.

who are

When, during the last session of Parliament; a proposal to sanction the variation of Memo randa of Association came under discussion, we suggested, says the Financial News, that no the inw. We are still disposed to retain that sufficient case had been made out for altering view, and, therefore, we would counsel all those watch closely the further action which may be Interested in joint stock enterprise to

taken on the subject during the ensuing session. It will be remembered that the question was referred to a select committee, who were charged to report in what circumstances or upon what conditions, if any, private Bils altering the terms of Memoranda of Association ought to be allowed to pats. The report was forthcoming more promptly than reports generally are when matters have to be considered by select com.. mittee men, and it favoured the introduction of a general Act of Parliament for the purpose of effecting the suggested alteration of the law. If, then, a Bill should be introduced on the lines sketched out in the report, there will be a new THE MERCANTILE MARINE: $

terror for investors' in public companies. It is To tua, Kostos oF THE CHONGXona Telsarasil”: 13: true" that a special resolution would be rev SIR-Brother Officers, have you never recog `quired" in order to sanction any alteration The Articles of Association on the other hand nized the fact that we, as a whole, are about the of the kind referred to, and that only fed in the Memorandum are to be carried ipto Are we waiting for ship-owners to combine and allowance. It is true, also, that every member prescribe the means by which the objects speci- most contemptible body, of men in existence? alterations within certala, limits would be effect, and they can be altered or amended, if way-You shall not serve us for little or nothing of the company who expressed dissent from such SUBJOINED is the gist of a lot of stuff with which

the proper steps are taken as provided by t ́e as you are doing, and for the future your wages special icsolution would be entitled to be heard a M. Verat lately gulled the wiseacres con-

A gross mistake was perpetra'ed in making Companies' Acts, but the Memorandum of Ásso, shall be $10 a month more whether you like it in court before the alterations were allowed: but stituting the Pasis Geographical Society. He the Wayloong Steeplechase three times round clation can never, in its essentials, be varied or or not "? If so, add it seems much like it, we, it is to be observed that few, shareholders could pointed out that the houses in Soul are all low, the courses, distance of about two and altered even with the assent and good will of deserve to sink even yet lower than we are, if be expected to incur the expense and troub's of No untrained pony at this every member of the Company, Reconstruction such is possible. It is only natural, to expect thus opposing the action of a board of directors. sud have no chimneys, the smoke excaping a quarter miles. through the doors. As the houses are low it is season of the year could reasonably be alone, either by a voluntary winding up under that shipowners, when times are bad, will A man might be the holder of, say, £so worth forbidden to look too curiously or indiscreetly st expected to gallop such a distance at any the Courts or by Act of Parliament, can attain endeavour to seduce working expenses, but why of shares which he could ill afford to lose ; but your neighbour's. The country was rich in gold rate of speed, and the probability is that the the desired end, but always a winding up and have we not the spirit to demand an increase of obviously, it would be cheaper to accept the loss and mercury mines. Buffaloes, he remarked, race will fall through. Should Enchanter, Encore, reeinstruction, never an alteration

pay when trade is better? It is our place to (or to let the directors do as they pleased with were so trained as to be tame as sheep, and Buddha, Venturous, and Caswell go to the post,... Over and ayer again this fundamental principle demand and not the swners to offer it and we the money), rather than plunge into the vortex furnished much of the transport of the country they will canter slowly until last time round of the law governing Limited Liability. Com- have none but ourselves to thank that we receive of the law in order to protect so small an invest- As a matter of fact not one particle of smoke unless they all come to grief, which is more than panies has been laid down and reaffirmed in the wretched pay we do. There is no unity ment

are 'amalj and there are chimneys. In the "Land of Morning beat his late stable companion.

intact and its application to every caso is there are a dozen cut-throala, whose only value, while the big capitalist can take care of himself, Calm there are no ridiculous rules of etiquette There will be a large field for the Farewell Cup, essențial for the protection of shareholders. Is anything they can get, ready to jump into his and thinks nothing of a long bill of costs, the whatever-a cat may look at the king even- and it is no easy matter to pick out a probable This Hongkong Land Investment and Agency berth for the same money, or even less. Surely humbler investor especially needs the protection and throughout the land not a single mercury favorite, especially as the present form of the Company Limited is formed under the Limited the manner la which our underground brethren of the Legislature. He cats ill afford to lose the A HOME paper has the following inquiry: mine has yet been discovered. At to buffaloes, ponies is a matter of guess work. Musket looks Liability Acts in forca in this Colony. They stick together and obtain their right should be benefit of the existing law, which makes the Required immediately, the present address of they are unknown in the peninsular kingdom. well in with only fiet. sib, to carry, and Norman area reproduction of the acts of the Imperial suficient Inducement for it to do the same - memorandum of association the charter of the James Orange, Esq., Engineer, who in the Monsieur Verat doesn't say anything about the (118) is certainly not overburdened with weights Parliament and under their authority. This Let those amongst us who consider themselves company and declares that it shall be practically December of 1882 or January 1883, sailed for geese he saw in Corea What with sheepish but Mullingar (rist, 7lb.) is probably of a better Company has its Memorandum and Articles of men and reliable officers (beach.combers and- unsiterable. No doubt, if the recommendation of Hongkong. Any information respecting him most buffaloes, strict cilquette, smoking houses, and class, and danger is also to be feared from Association. The memorandum sets out the bar-spangers take a back seat), stand out for the select commitee should be carried Into effect, gratefully acknowledged. Write Bunting, May's, mercury mines, M. Veral must have fairly taken: Keep Treat and Scantor. The last named looks objects for which it is formed and for which it the pay we are justly entitled to Shipowners various formal steps would have to be taken belare

the innocents of la belle Parts by Mortse | as formidable as anything in the raGOJŲ

alone existe sud can act. They arepagui are not blind to the facts that by giving a majority of members could insist on any alteras

HONGKONG, FRIDAY, APRIL 17, 1890.

TELEGRAMS.

THE CYCLONE IN AMERICA.

LONDON, April 1st. A great tract of land along the Mississipi valley is submerged through the bursting of the

dykes.

LOCAL AND GENERAL. A GOVERNMENT decree has established civil marriage in Brazil

THE last of the beavy arınament has reached escapes through the doors of Korean houses likely-and then the first named will probably overy Court in the Empire, and its prezervation amongst us. If one man objects to his wages, yet investments, 25

Singapore, at length. Hongkong will have a ‚turn now, we suppose.

162, Piccadilly.