1890-04-23 — Page 8

CORRESPONDENCE.

[We do not necessarity endorse, the opinions expressed by Correspondents in this column),

THE HONGKONG LAND INVESTMENT COMPANY:

THE HONGKONG TELEGRAPH, WEDNESDAY, APRIL 23, 1890.

term of three years, by which time it was estimat ed the Company's Hotel would be completed. and be in thorough working order; the progress that has been made however with the new buildings will probably permit of occupation at an carlier date.

WORKING ACCOUNT.

TO THE EDITOR OF THE "ЯonoKona Telegraph,

The Directors regret that the first year's work- SIR-We may, I suppose, assume from. Mr.ing shews a loss of $5,514 34, which however in- Drummond's published reply to Mr Francis'

cludes the Preliminary Expenses, amounting to letter, that the special ordinance the Directors of $2,114.21. Owing to the damage caused by the Hongkong Land Investment Co. sought to heavy rain storms in May the Tramway stopped pass will not be proceeded with. Mr. Francis running for two months during the best season writes: a majority might force on reconstruc-

of the year, and the Hotel receipts suffered in tion, but a shareholder could not be forced to

consequence, remain a member of the new organization, he

Mr. Naylor's Sinbad, 11st. 6b......Mr. Taylor o Mr. Alex. Price's Thirsk, tost, gib. Mr. Reynello U. Bet with inside place took a slight lend and maintained it all the way, winning by 11 lengths in 2.431-poor time when compared with previous FACES,

LOTTERY CUP, value $100; presented; for all

Ponies; weight for inches as per scale; entrance. Tls. 5. One mile and a half

Mr. Oclachan's Oodaloy, 10st. 6lb.......

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Zetland went off with a long lead but at the There was quite a panic amongst the Chinesa Factory Rheingold and Coldstream passed bim, who live near the City Wall in the French Con- the former winning by two lengths in minerssion the other day. The people in a boat which was lying in the Creek heard a great 531secs.

rushing of waters at about 1.45 on the morning CHAMPION SWEEPSTAKES, a forced entry for all of the 22nd ulto. Rushing on deck, they witnessed winners at this meeting, optional for winner an appalling phenomenon. The tide was rush of Consolation Stakes; weight for inches asing in a seething state, and from the bailing per scale; entrance Tis. 10; winner of two or

waters issued sparks of fire while a sickening more races at this meeting Tix, 20. One Mile. odour filled the air. The visitation lasted for, Mr. Nicholas Mamay, rost. alb...Mr. Read over so hour and created the wildest excite- Mr. Oolachan's Oodaloy, 10st. 6īb.....................................

Mr. Marzinkevich a Mr. Berimann's, Waldmeister, tost. alb......

Mr. D'Arnoux 3 Mr. Nicholas' Gengis Khan, yast. olb................................

Mr. Reynell o

ment.

||

BORNEO.

(FROM OUR OWN CORRESPONDENT).

SANDAKAN, April 13th. Just line by the "Memnon. Everything is getting on finely here, and planters prospects are most encouraging, the weather being so very favorable, detal

Baron de Lissa is awaiting the Guthrie, to take about ten thousand feet of camphor wood to Australia That will be the second lot of timber Borneo has sent to the corn-stalkers.":

We have had tragic times since I last wrote you. On the Segannon Estate, (Darvel Bay) a Swiss sasistant went wrong in his head, and a

The Sikh went towards him in company with another assistant," and when they got

must he paid out and satisfied," Mr. Drummond carrying on the baꞌiness during the present year bath receiving a flattering ovation. Oodale Mr. McCraw's Bitkie, 10st. 1alb...Mr. Ramsay otice a little dishonest trading on their artless Sikh constable was sent for to restrain him.

The board anticipates that the expenses of will be considerably reduced, and is of opinion that the prospects of the Company are favourable,

DIRECTORS.

Mr. Alexander Findlay Smith having retired from the Board on his departure from the Colony Mr. Jas. Anderson was invited to take his place. In accordance with Paragraph V of Clause XV of the Articles of Association Messrs. P. Ryrie and J. B. Coughtrie retire, but being eligible offer themselves for re-election.

AUDITOR.

The accounts have been audited by Mr. Fullarton Henderson, whose appointment requires confirmation.

P. RYRIE,

Chairman.

Hongkong, 16th April, 1890..

STATEMENT OF ACCOUNTS FOR THE YEAR ENDING DECEMBER 3157, 1889. Liabilities.

Capital:--

1,000 shares each deemed to be

paid up $is allotted to A.

writes: The only ten question involved, whether dissentient shareholders cannot compel the Company to buy them out, is of such importance as to render it undesirable proceed to carry out the alteration by means of an ordinance." Mr. Francis deserves the thanks, and if necessary, the hearty support, of all share | hulders, for showing how the design of the Board of Management may be defeated. The Memorandum of Association is clear. "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 elsewhere. We may presume this point to have been fully discussed, and decided upon, before the Company was registered, otherwise it would have been perfectly simple to have worded the article.-"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 elsewhere." With the other arguments.in Mr. Francis' letter I have no sympathy whatever. As a shareholder in the Company his letter is the first expression I have heard of a desire on the part of most. people interested in the Company to see its capital reduced and its constitution altered, or the thing wound up. I am astonished at Mr. Francis assuming that the company has a capital so tremendously in excess of the requirements of the Colony, and so far beyond the legitimate objects of the Company that the course nearly every shareholder would adopt with pleasure would be the reduction of the capital and the return to the members of the surplus money. When Mr. Francis uses the words "a capital so tremend- ously in excess of the requirements of the colony" it is difficult to believe he is wailing seriously; he had better confine himself to the legal aspects of the case, which I presume he does-understand, and leave eniployment of capi- tal, which evidently he does not understand, to those who do. Whatarethe available funds of the Land Investment Co. ? $3.750.000 Capital and Reserve, and when the remainder of the sub- scribed capital is cilled up the amount will be $6 250.cog. Will anyone presume to "ay this is ton large a sum to find employment for in Hongkong ? Ridiculous! Why I would myself take the wholeFurniture. amount, and on fair security, too, I should Stock imagine the members alone of the Board of Sundry Debtors Management represent, three times the amount Profit and Loss

of the capital of the Hongkong Land Invest- ment Co. locked up in Hongkong. It is not that $3 750,000, ar for the matter of that $5,275,coo, cannot be invested in Hongkong, but that this sum secking investment in addition to other surplus capital similarly looking out for employment, causes competition, and creates a difficulty in securing first class investments returning a high rate of interest. It seems to he accepted that the Directors of the Land Investment Co. require larger powers than are provided for in the Memorandum of Association, but, without being a lawyer, 1 should like to ask whether that memo randum of association does not give them all the power they require, Clause I of article 3 reads "To invest any money belonging to this Company. In the Memorandum of Association of a London company in which I ara interested the same power is more clea

expressed, thus:

"To invest the money of the company not Immediately required as may from time to time

be determined; to make advances for the purposes of the company on property of all kinds on personal security, and in particular to customers of and persons having dealings with the company." Now it seems to me that if the Directors of the Land Investment Company want larger powers they had better set their lawyers to work and find out whether "To invest any money belonging to the Com- pany" does not enable them to do all and everything described in the extract I have quoted from the London company's Memorandum. of Association, At present the only people making anything out of the Land Investment Co, are the Hongkong and Shanghai and the Chartered Bark, who borrow from the Land Investment Co. at 5 per cent and lend to the Land Investment Co's, shareholders at 7 per cent, and I fail to see any substantial reason for the Land Investment Co. paying a commission of two. per cent on business they might equally well do themselves. If the Memorandum of Association of the Land Investment Co, does not allow the Directors to invest except in Land and Buildings or in Mortgages therean, let them take larger power, but for the ben fit of Hongkong, not for the purpose of remitting the Company's funds clecwhere. My contention is that clause article 3 "To invest any money belonging, to this Company" gives the Directors all the powers they require, as it does not limit them to any particular form of investment, and, so long

of

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Mr. Marzinkevich I Mr. Nicholas' Attila, toat. glb......Mr. Reynell 2 Mr. Nicholas' Tamerlane, 11st. 1lb. Mr. Read 3 Mr. Beurmann's Lohengrin, tost, 12lb.........

Mr. D'Arnot o This was a very popular win, owner and rider took a forward place and held it throughout winning from Aitila by a length in 3m. 174860. GERMAN CUP, presented by Germans residing at or visiting Hankow For Griffins. To be won twice consecutively or three times in all by Griffins, the bond fide property of the same OWDCT OF DWUers; entries to go to the winner till the Cup is finally won when they go to the second pany; weight for inches as per scale; Entrance Tis. 5. Önce round.

Mr. Nicholas' Mamay, tost. 12lb....Mr. Read a Mr. McCraw's Birkic, rost. alb.Mr. Greaves 2 Mr. Nicholas Temouchin, 1 1st.1ib. Mr. Reynell 3 Mr. Oolachan's Bedouin, 11st. 1lb.................

Mr. Marzinkevich o Mr. Naylor's Pilgrim, 11st. 1lb......Mr. Taylor o Mr. Jedear's Chantilly, 11st.715.Mr. Ramsay Jr. o Mr. Portland's Ordeal, rest. glb........Mr. Sinclair

Temouchin went away with a strong lead to the Factory, where Mamay drew up to him and ran home an easy winner by 1 lengths from Biskie in 1.551, Temonchin a bad third. This was the fastest race of the meeting and beat previous records by 13 seconds.

Mr. McCrae's U. Bet, toit. 12lb..Mr. Greaves o

Mr. Sinclair o This resulted in a splendid race between Mamay and Oodalay, who carly took the lead and were not afterwards headed; resulting in the victory of the griffin în amin. 7)secs.

Mr. Beurmann's Lohengain, rest. talb.......

OFF. DAY.

On this day the only race of interest was that between the mafoos, mounted on all the best ponies of the mecting; it was generally bensi- dered a certainty for Mamay, but getting off badly, his rider injudiciously forced him to the front in the first of a mile, and spoiled his chance. Coming into the straight, that good hearted old pony Waldmeister got on the off side of him and managed to beat him by hall a length, in 1.56.

-

Findlay Smith as per prospectus.$ 15,000.00 RACING STAKES, & forced entry for all poniesport, and Sumatra, and we are glad to see his

3,000 shares each, paid up $15

alloted to the public. 1st Instalment of 1st Call of $5 upon 4,000 shares.....$20,000.00 Less amount anpaid.... 6,865.00 Debenture Loan :--

650 Debentures each $100 handed A. Findlay Smith as per pro- specius....... Hongkong and Shanghai Bank Cur-

rent Account

Property :--

Assets.

Amount paid A. Findlay Smith for Land and Building taken over as per prospectus ...... Amount since expended on the New

Buildings...............

Dr.

45,000.00,

13,135.00

65,000,00

2,901.13

$141,036.13

$98,000.00

******* 12,312.00 12,807.64 10,740.74 1,621.41 5.534.34 $141,036.13

WORKING ACCOUNT. To Provisions, Wines, &c.

Charges

"

Salaries and Wages.. Preliminary Expenses.

Cr.

By Revenue

entered at this meeting. First Pour 75 per cent, Second Pony 25 per cent., if more than twa ponies start, otherwise, one prize; weight for inches as per scale; entrance Tis. 5. Once round, Mr. Beurmann's Waldmeister, jest zalb....... Mr. Greaves Mr. Nicholas' Gengis Khau, rost. glb...

Mr. Read 2 Mr. Beurmann's Rheingold, 115t. lib. .................

Mr. D'Arnoux 3 Mr. Alex. Price's Thirsk, rost, glb. Mr. Reynello Mr. Oolachan's Coldstream, 10st, r2lb...

Mr. Marzinkevich o Mr. McCraw's Scottie, 11st. 1lb, Mr. Sinclair o Coldstream and Rheingold made the running to the Factory, but the pace was too great for them and they retired in favour of Waldmeister and Gengis Khan, who ran a good race home in 1.567, finishing in the order named.

SECOND DAY, WEDNESDAY, 9TH APRIL, 1590 TAOTAI'S CUP, presented by H. E. the Tantai. Value $100; for all ponies; weight for inches as per scale; entra: ce Tis. 5. One mile.. Mr. Nicholas' Gengis Khan, rost, glb.......... Mr. Reynell Mr. Colachan's Oodaloy, jost. Qb.......................................

Mr. Martinkevich z 18,166 36

The ponies kept well together to the mile 8,244.12 post, when Gengis Khan gradually drew away 6773-91 and won by a length in 2.8). 2,114.2%

$ 35,298 6:

.....$ 29,274-53

Interest..................... Scrip and Transfer Fees............. Amount carried forward to a new account

383.74

100.00

5.534-34 $35,298.61

I have compared the Accounts with the Books and Vouchers at the Company's office and found

them correct,

..

F. HENDERSON, Auditor.

Hongkong, 16th April, 1890,

HANKOW RACES.

FIRST DAY-TUESDAY, 8TH APRIL, 1890. The Spring Meeting was held on the 8th and 9th instant, with a hot south wind blowing; and a hard, very fast course. 19 griffins made their début, and only one good one among them, a specially imported. Mangolian pony who would attract the Judge's eye on any course and in any company in China. Numerous visitors graced the Stand, and some Shanghai riders came to help us. The griffins being amiable, the starts throughout were good,

SHA PAO CUP, value $100; for all Poales;

weight for inches as per scale; entrance Tis 5. Once round.

HANKOW DERBY, a Sweepstakes of Tis. 10 each,

with $50 from the Hankow Junior Club, and $75 from the Hankow Race Club etc., added. For Griffins. First Pony to receive 75 per cent. Second Pony 25 per cent, if more than two ponies start otherwise one prize; weight for inches as per scale. One-mile-and-a-half. Mr. McCrow's U. Bet, sost, 12lb. Mr. Graves I Mr. Nicholas' Batiy, rost, 12st................. Mr. Read 2 Mr. Jedear's Fontainebleau, 10st. 12lb.........................

· Mr. D'Amoux 3 Mr. Alex. Price's Zetland, rost. x3.b..........................

Mr. Reynell o Mr. McCraw's Scottie, Irst. alb................. Mr. Ramsay Ir. Mr. Naylor's Sinbad, fost. 6lb......Mr. Taylor o Mr. Portland's Ordeal, rost.gib........Mr. Sinclair o

Mr. McCraw declared to win on U. Bet.

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BRITISH NORTH BORNEQ.

Mr. J. S. Kennedy has returned to the Sungei Koyal Estate after a trip to Hongkong, Singa-

health has much benefited by bis travels. He resumed charge of Sungei Koyah on March 13th, and will, we feel certain, give us good reports as to the tobacco season of 1890, if the elements give him anything like fair-play.

Mr. AR. Dunlop, Magistrate, Sugut and Labuk districts, arrived in Sandakan on March 1st. Owing to the recent heavy rains and floods in the districts, he had experienced some very hard times in the discharge of his duties, and, owing to the difficulty he had in procuring provisious, had been suffering from dysentery That a magistrate's work up the inland rivers North Borned is not exactly a picnic excursion, may be understood from the fact that Mr. Dunlop and his men had to subsist for eight days on dry rice

fare one can hardly consider succulent.

The following passage, in a letter from a gentleman in Labuan to a friend here, will be comforting to those in Braea who are interested in the Labuan coal mine - I am also sending by this steamer two samples of coal for you from the 12 feet scam. You will be glad to hear that, weare getting on rapidly with our permanent ways. We have got so much labour that this tailway should soon be finished, and I hope then to have two locomotives running, and turning out fromgco to 400 tons per diem. I have just had a report of a trial of 40 tons of our coal, and it is mat from W, chief engineer of the steamer sali factory. tie has proved it to be far and away superior for steaming purposes to any Bornean or Japanese coal that he has burned. He tells me, that with their bunkers filled up with this coal, they can make the round trip Singapore. Labuan, Kudat, Sandakan, Silam, and back to Singapore-but with the other coals, besides having their bunkers filled, they have to carry a considerable amount as cargo to enable them to make the round trip."

The following Proclamation has been issued by the Rajsh of Sarawak, who is now on the Lin- bang with some of his s'eamers and officers superintending the construction of a fort:-

PROCLAMATION..

"I hereby make known to all whom it may concern, that on this seventeenth day of March, the Principal Chiefs of the Limbang river, after having for years suffered oppression from the Brunei Govemment, and after-for the last five.

Several Chinese tobacconists take advantage of the increasing demand on the part of file natives for the Sweet Caporal cigarette, lo prác-

countrymen. The small retailers, and several of the large ones too, ate how able to produce an imitation cigarette which is scarcely to be distinguished from the genuine thing, at least so far as the outside appearance of the pack enclose the genuine cigarettes are removed ages goes. The wrappers, and tin-foil which carefully and the imitation ones are put up is

them instead.

The imitation cigarettes "are made of common bird's eye tobacco, and the paper used is not so good as that in Sweet Caporal. The effect of smoking these imitation cigarettes is said to be injurious on account of the inferior articles used in their manufacture.

"

While a performance was in progress a few nights ago in Wahu, the theatre, which was very crowded collapsed. A great many people were seriously injured, particularly amongst the better class of the audience, but happily no lives are reported as having been lost. A scene of great excitement followed, which a band of theives took advantage of to rob several ladies of their jewellery, and got away with rich booty.

FOOCHOW

April 12th, 1990.

H. E. Chang, the Acting Provincial Treasurer, has been appointed to the Judgeship of Klangsu province in place of Lio, who is ordered to succeed the former official.

Three very old standing Cantonese tea hongs have wisely retired from the trade, owing in considerable losses sustained last season, and we believe two more will soon follow suit,

The astonishing cheap rates of freight at present raling at this port for the North have induced a very large business in all exports of native pduce, and trade bas greatly revived. It is stated that the rate now offering for Shing- bai and Tientsin, is much lower than that by jooks.

From an authentic source we learn that the amount of treasure sent up country for the new leaf is positively less by forty to fifty per cent. than last season, and that more than half of the tea bongs in the country have been closed in foto being unable to obtain advances, which are only granted to those that are sound as a bell. Unless such firms as Rothschild and: Vanderbilt appear in the market we can safely predict that we will have not only a superior quality of tea, at low rates, but that the supply will be far smaller.

A young native lady (married) committed suicide on Monday morning last by drowning hrself in the pond opposite to Messrs. Gilman & Co.'s residence. The cause" of the rash act was, we understand, her father having constantly father-in-law was trespassing on his kindness, demanded money; her husband seeing that his

put a stop to it, by ordering his wife not to give her father any more, nor to allow him to come to the house. This no doubt drove the woman to despair who preferred to die rather than offend her father.—Echo.

TAIWANFO0.

close up the Swiss shot the constable dead, with a rifle. He is now swaiting trial, but I suppose he will be found to be at least tempor- arily insane. Y

A clerk in the Constabulary Department here, named Jesus, was arrested last week on a charge "of· 'defalcation. His accounts were $1,000 wrong. He was found in the ceil, later on, nearly dead, having taken arsenic, and clied soon afterwards. His parents reside in Hongkong,

I believe.

KOREA.

[#

(FROM OUR OWN CORRESPONDENT.)

SEOUL, March 28th, 1890. Lately I had the pleasure of calling upon His Excellency Yuan Se Kal the Imperial Chinese Resident During the interview I took the liberty of asking this zealous and indefatigable official why he did not take some steps to make Mr. Denay either withdraw or apologise for the grossly libellous statements contained in bis thirty-page leaflet "China and Korea," published about two years ago. With remarkable promp- *titude His Excellency' replied as follows:-

"Well, when you are walking along the streets you don't throw stones at every cur that backs at you, do you?" To which I answered in the negative. Neither do I was his platopic rejoinder," with a look of determination which clearly bespoke the justifiable ire, which; ever. , since the issue of that scurrilous publication, the memory of the incident revives in his outraged soul. But alas, Although the Judge is selling off and going, but littlecan be gained. The removal of a single man from a State such as Korea will have next to no effect in causing the liberation of a nation crushed down for centuries by the iron heel of cruel despotism. It is not so much. one or two obnoxious individuals that should be unhorsed-it is the whole policy and system of government that requires thorough reorganiz tion, Until this is done Korea will remain, •*. hereto fore, aseless for herself and a danger to others. It behoves rightly interested Powers to consider seriously the expediency of taking steps to protect their vast interests from dangers cau ed by the ill-advised conduct of a petty State situated in an important strategic position.

A few days ago I got hold of the American Methodist Year Book (1889) and from it 1. ascertained that the psalm-singers of the Am: Meth: Society spend about $17,000 per annum on the wretched specimens of sky-pilots they keep in affluence in this city.

. The mission in Korea cost in 1889, $15.172 and in 1889 $16 104 For this outlay they claim to have conveiled at least five Koreans Dr., Allen was the pioneer of this crowd, be it remembered.

Insurances.

·THE FUNDS

OF THE

STANDARD LIFE OFFICE "RE invested, entirely, within the British ARE free from the complications which might arise in time of war. They now smount to Six and three-quarter Millions Sterling, and ive increasing yearly. A marked preference continues to be shown for STANDARD POLICIES, and every year since 1865, New Assurances for upwards of $1,000,000 result continued uninterruptedly for so long Sums Assured have been placed on the books--

(FROM OUR CORRESPONDENT.)

Anping, April 13th, 1890. We have been in a great state of military bustle lately by reasons of the constant arrival Hatching to the scene of operations at Horg-a from the north of soldiers, and the shipment per

chung, a district south of us, where the Bhalan

buscaded and massacred a lot of soldiers, but You will remember that not long ago they am- the officials thought it best to bribe them into peace at that time. This treaty has been of short doration, and the other day, in consequence of two Bhotans being taken prisoner by the Hung-chung. Magistrate and conflaed in his

810-];.

The crack being absent, a large field contested this valuable prize. Zetland took a lead of 40 yards from U. Bet, the same distance separating | years maintained their independence against tribe of savages are once more on the war path Period by no other British Office. U. Bet from the field. The second time round U. Bet went up to the leader at the Factory and took first place; at the quarter mile post Batiy challenged the leader but could not reach him, U. Bet winning with the greatest case by a few lengths, Fontainebleau a bad third, Ordéal last. Time, 30. 191sec.

HANKOW CLUB CUP, value $- presented by the members; for all Ponies; winners at pre- vious meetings 3lb extra; weight for inches as per scale; entrance Tis. 5. One mile and

a quarter.

Mr. Beurmann's Lohengrin, tost. 12lb

Mr. D'Amour

this oppression, have now decided to join the Sarawak Government and place themselves under its authority, in token of which, they, of their own free will and accord, hoist the Sarawak Flag in their river.

and newest pattern of arms,

ADAMSON, DELL & Co,. Agents, Hongkong. ATLAS ASSURANCE COMPANY OF

NEW LONDON,

Agents for the above Company, are pre- THE Undersigned, having been appointed" pared to ACCEPT RISKS against FIRE at Current Rates.

EDUARD SCHELLRASS & Co., balkondant. Agents. Hongkong, 12th April, 1890,"

[509 FIRE INSURANCE COMPANY, OF 1877

HAMBURG,

IN HAMBON HE Undersigned having been appointed Agents for the above Company are prepared to ACCEPT RISKS agalast FIRE Some of

at Current Rates baie sewe mwen

REUTER, BROCKELMANN & Co, many tank an Agente Hongkong, 1st July, 1889.

Mr. Beurmann's Waldmeister, 10st. 12lb......

Mr. Nicholas' Tamerlane, r1st 4lb. Mr. Reid a Mr. Alex. Price's Thirsk, sost. glb. Mr. Reyaci 3 Mr. Greaves I

Mr. Beurmann's, Tannhatiser, tost. glb......... Mr. Beurmann's. Lohengrin, tost: 12lb..........................

Mr. Rosthorn o Mr. D'Arnoux z

Tannhauser took a long lead and all straggled Mr. Nicholas! Tamerlane, rist, ilb..Mr. Read 3 Mr. Colachan's Coldstream, 10st. 12lb

past the post the first time, Tamerlane bringing Mr. Marzinkevich o

up the rear. At the Factory Tannhauser and Mr. Portland's Ordeal, rost. gib...Mr. Reynello Thirsk were finished and Lohengrin took the Coldstream and Waldmeister were equal favo lead at the quarter mile post Tamerlane As they invest the moneys of the Company invites, but at the Factory Coldstream's heart | challenged the leader but failed to reach him by and resources of the country developed withan they are well accustomed to savage warfare THE INDIAN IMPERIAL MARINE.

a length, and a half.—Time, swim. 45%DOK-VETY slow, COMPRADORE' CUs, presented value §---, for

Griffins; winners of one race at this meeting | A.D, alb., if of any two races rolb, extra; entrance Tis, 5. One mile.

do so.

.

Hongkong, or in companies registered in Hong kong, or in businesses in Hongkong, they can

Yours ob diently,

"A SHAREHOLDER. Hongkong, 17th April, 1990,

PEAK HOTEL AND TRADING COMPANY, LIMITED.

The report for presentation to the shareholders of the above Company, at the first ordinary yearly meeting to be held at the City Hall on Saturday next, is as follows:-

In accordance with Paragraph a of Clause XX of the Articles of Association the Directors now beg leave to submit to the shareholders their report and statement of accounts for the year 1889.

PROPERTY.

The cost of the Contract for building the Hotel is larger thao was originally anticipated, the reason being that upon consideration it was found undesirable to extend the old building and new plans more suitable for the purposes of the Hotel were adopted The old building known as the Peak Hotel has already been removed; it was found necessary to do this at once because the Government required that all earth cuting and tipping should be completed before the rainy season, and in order that the Contractor for the new buildings should have full scope to make all the progress he could during the winter months, The Directors are glad to say that the work has progressed favourably, and it is hoped that a portion of the Hotel wil be ready for occupation by June next

CRAIGIEBURN. V

"This having been this day compl ted, I, Charles Brooke, Rajah of Sarawak, hereby do upon myself make known that I take the responsibility of annexing the Lim-Yamen--the savages say by treachery-she latter came down in force, surrounding the city bang people and their country to the Sarawak

and threatening to sack it if the prisoners were rule. And I hereby proclaim that all affairs

not immediately liberated. This the Magistrate pertaining to land, trade and property of every description, will, in future, he under the control had no alternative but to accept, and after of the Sarawak Government. And I hereby getting a good feed on purk and wine the assail-

ants withdrew. The matter on being rene ire, engage not to touch the independence of His

north appears to have raised the Governor's'ire, Highness the Sultan of Brunei and the over for he immediately planned an expedition ment in the river of Brunei and its tributaries, for force, and has now sent down 5,000 and will pay bim and his heirs a fair yearly sum as an assistance, and by which, in this and in men, with any amount of Gatlings, rockets, other ways, they may be made gainers by the the turned aboriginals from Chang-wa, in the change. 1

"This annexation, in justice to the claims of centre of the island, have been raised by one of

their Chiefs named Lim, and this body of men- the Limbang inhabitants, having been forced on goo strong) are expected to do ue end of things. me, the position will be held, authority established, loss of time, unless Her Majes y the Queen of The General in command of the expedition says, he will exterminate the whole lot of England may see fit to decide otherwise.”.

Dated this seventeenth day of March, 1890. Bhotans this time. We shall see I. Os dit: Liu ming-chuan came off very badly upwith the other day in a campaige against the savages, on N.E. Coast which he conducted in person. He is said. to have lost several guns and amongst them. Great consternation has been caused in Bruseme Gatlings. The natives living on the Mr. Beurmann's Rheingold, 1st. alb............. nei by the above intelligence and it is reported frontier, down here at least, are undoubtedly in Mr. D'Amourfa that the Sultan intends leaving for Singapore by league with the savages, helping them all 'they

(LIMITED.) Mr. D'Arnaux a Mr. Nicholas' Batiy, zost. 1zib....Mr. Reynellfa the first steamer to interview, Sir C. C. Smith Mr. Oclachan's Barse, 1ost glb........................................

Mr. Nicholas' Temonchin, 1182. zib.dr. Read o | with a view to recovering possession of the Pro- Mr. Marsinkevich 3 Tannhauser kept the lead to within 300 yards of home, when Gengis Khan came to the front and won by a length and a half. Bad third Batly and Rheingold challenged the leader and NOTES FROM CHINESE PAPERS, in the Island. Hr. Haupent, of the Imperial* Time, 59 BCCL -

failed him and Waldmeister cantered in an easy winner, Lohengrin pulling up close to him. Tamerlans a bid third.—Time, imło. 5yisec. STAND PLATE, value $75; for all Fanies; weight for Inches as per scale; entrance Tla. 5. · Hall a mile.

Mr. Nicholas' Gengis Khan, tost, glbums Mr. Read

Mr. Beurmann's Tannhäuser, 10. olba

MAIDEN STAXES, value $150; for Ponler that have never run at any previous Meeting; weight for inches as per scale; entrance T 5. Three quarters of a mile. Mr. Nicholas' Mamay, rost. alb...Mr. Read Mr. Bermann's Rheingold, 11st, Ilb..............................

Mr. D'Arnoux à Mr. McCraw's Scottie, 11st; sib: Mr. Greaves 3 Mr. Naylor's Pilgrim, isst. alb....Mr. Taylor o Mr. Oolachan's Bedouin, 11st. Ilbumungar

T

Mr. McCraw's Birkit, rost. 12lb. Mr. Greaves, 1

(S'gned) C. BROOKE

Rajah..

Mr. Oolachan's Bedouin, rist. 11b............ vince, which is the richest in his kingdom

go, Mr. Marinkovich o Herald, 18 April.

when Birke took the lead; at the mile post

The field kept well together till at the Factory,,

a splendid race cossed, kali a length dividing the first three, Time, and gåsec. STEWARDS CUP, value $100; presented by the Stewards; for all Fonies; winners of one race at this meeting yib, if of any two races solb, extra, weight for inches as per scale; entrance Tis. 5. Ona mile and a quarter,

can in getting arms &c, besides which Idiers

are always deserting and selling their arms

It may be that we are

INSURANCE COMPANY, LIMITED. THE Undersigned having been appolated Agents for the above Company repres rared to accept MARINE RISKS at Current Kim, pop aquay why gaa

· GIBB, LIVINGSTON & CA Hongkong, 5th November, 1889. VERE GENERAL NOTICE.

THE ON TAI INSURANCE COMPANY,

for

and ammunition measurable APITAL-TAELS 50,000, $835-333-35- distance of getting a telephone service started RESERVE FUND $318,000,00

EQUAL TO

Telegraph Depty has been down, locking BOARD OF DIRECTORS.. up subscribers, and, it is possible has got La SING,

Lo Yeux Mou, Esq rather stiff-300 per annum, bat: with so few

MANAGER-HO AMEI, possible subscribers it must be higher than on the mainlard. At first only, Anping, Talwanfoo,

ARINE RISKS òà GOODS, do, taken, and Takow will be connected, but even thirat CURRENT RATES to all parts, of the would be a great boon. It is to be hoped the Governor may be at least led to do this little for the South. It is reported that he is so hard ap

A large pawn shop was burned recently at..enough to begin with. The subscription is Lou Tso EKON

Soochow by incendiaries who first possessed themselves of the contents. The shop was an old and wealthy one and the proprietor always slept on the premises in order to lake care of the valuables stored in his house. On the night of. Mr. Nicholas' Attile, tost gib...Mr. Read the fire he was awakened by a noise on the roof, and he got up to rouse the other inmates, but

HEAT OFFICE, 8 & 0 PRAYA WEST. Mr. Portland's Ordeal, sost, giban before this could be done the noise had ceased, that nothing in the way of dredging or even roads 2. Hongkons, 17th Tiecember, 1886, or fro01

Me: Mardokewich 2 and he was laughed at for bis trouble, and told can be looked for at present Truly the Mr. Marcinkevich o Mr. Alex. Frice's Thirsk, rost. 9lb...

It was a ghost, he had heard. The people went | Chiness are peculiar in their way of squandering Mr. Reynell 3 to bed again, but before long, a loud crackling money. The other day His Excellency wanted Mr. Reynello Mr. Jedear's Fontaineblean, rost falbh noise roused all the house again, and they to try the effect of mines on the rage strong

Mr. Rosthom o

Mr. Alex, Price's Zetland, 10st. 1310.................................

This was a very hollow affair. Mamay and Rheingold, closely followed by the field, raced

| famex.

holds, these former to be exploded by electricity

This was a foregone concision for Altile, whog out of bed, only to find the place in

For this needed insulated" wire." "Hó, wAS to the mile post, when Mamay came away and waited on the field till the 1 mile post when to

advised to get some quite suitable for the pur- won by, any number of lengths, say, half a came away and won as he liked by 3 lengths in when H.I.M. started for the Eastern Mausolca pose from Shanghai or Hongkong, offered at a furlong more or less, In 1.311. being 1 seconds 2m. 46 sec., worst time of the meeting he was attended by a large corps of mounted reasonable price, but not be ordered 11 the better than the record. Bad third; Zeiland last, CONSOLATION STAKES, value $100; for all beaten body guards armed with swords and guns. The electric light wires to be used, an infrlicly CAST-IRON CUP value $ presented by H. Ponies; weight for inches as per scale; Emperor was borne in a yellow sedan chair, more expensive quality. Of course some of this was ever returned; now the Governisent is red F. Brosche, Esq.; for Griffins; entries to go to entrance Tis. 5. Once round.

and followed by numerous high officers of state,. He left the capital on the 15th of the present hot on baring the light warted again sad makes- moon at 11 pm, and arrived at the South gate to demer to spending the large sum required to Mr. Oolachan's Coldstream, fost, raibe where he awaited the antival of the Empress replace the leads Met de Mir, Marsinkevich 2 Dowager who came an hour after, then The Smith left for Cheloo via Relung, The Mr. Naylor's Pilgrim, 11st. alb. kr. Taylor 5 came the Emperor's Consort and some.com Winches la loading for Tientsin, The Hal Mr. Jodear's Chantilly, 71st, yib. Mr. Ramsay o cubines, and several princes and princesses phong and Kill are expected at Takow to lond Mr. Alex Price's Zetland, rost, fall, air Reynell of who all scoompained. His Majesty to the tombs.: for Japan,

the Second Pony i' weight for laches as per | Mr. Beurmann's Rheingold, 11st, till sina . scale; entrance is 5 One mile and a Mr. D'Amour I quarters

It was considered desirable that the Company should have temporary premises suitable for Mr. McCraw's U. Bet, 10st, 12lb, Mr. GreAVES I Visitors, during the building of the Hotel, and con- Mr. Nicholas' Batly, Tost. Talbir. Read a sequently Mr. Thomas's lease of Craigieburn Ms. Jedear's Fontainebleau, TOIL T2ib... Was taken over by the Company. It was for a hudebnen maken

Mr. D'Arous

&

BETESAVERUNOTICE.

THE MAN ON INSURANCE COMPANY -

LIMITED.

CAPITAL SUBSCRIBED$1,000,000, The above Company, is prepared to accept. MARINE RISKS at Cunneet RATES on GOODS,

Policies granted to all Parts of the world. payable at any of its Agencies Corbet

BORANG MAMAYA WOOʻLIN YUEN

HEAD OFFICE, ARIA QUEEN'S ROAD WEST, Hongkong, tat l'elwuary, 1881.

Princed and Published by: ROBERT: FRASER:SMITH,