1890-11-27 — Page 7

MR. R. W. Maxwell has, we heat, bean appointed Inspector General of Police for the Straits Settle

ments.

THE Ruslan Government is going to constructi a harbour in Imperial Bay, about 300 miles north of Vladivostock. WEDNESDAY, Thursday and Friday, the 7th, 8th, and oth of January 1891 are the days fixed for the next Race Meeting under the auspices of the Amoy Race Club.

An epidemic of Influenza has broken out at Nanking, Mast of the European residents and large number of natives have been smitten with the complaint, which appears to resemble the influenes plaque that swept over Europe and American last year.

THE HONGKONG TELEGRAPH, THURSDAY, NOVEMBER 27, 1890.

ON the 13th instant the drought from which the crops, have severely suffered in the vicinity of Newchwang was terminated by a heavy do .pour of rain.

THE New York Nation wrlics of the McKinley Bill that it is a messure for "the robbery of the people for the benefit of special interests and classes." Just so, something like the Sunday labour pidgin in Hongkong ; "good for a few, and bad for many

It was rumoured in Yokohama on the roth fast. that the diplomatic representatives of Great Britain and the United States and been instructed by their respective Governments to cease further negotiation of the proposed saw Treation. The Japan Gazette gives the gossip for what it may be worth and so do we.

THE Yokohama Printing and Publishing Com-A LOCAL correspondent who is a high authority pany, Limited, was registered under the Hong- on all financial matters, writes us as follows: kong Companies Ordinance on the 18th instant, "Telegrams received on the and inst, from New with a capital of $55.000. This company hes York and London report a much easier feeling in the money market. Silver has advanced to been formed, so advices from the north state, to take over the entire business of the Japan 102 cents in New York and to 3/10k in London, and a farther advance to 4/ is confidently locked for, while as money gets esaler we may perhaps see the price back again to 4/2," We say, may the prophecy prove true !.

Gazette.

AFTER discharging some twenty to thirty tons of cargo the Indo-China S. N. Co.'s steamship Canton got off the rocks this afternoon (21st inst.), on which she stranded this meming near the Sallor's Home. The Pital Fish was sent to her assistance this morning, but was unable to tow her out of her dangerous position.

His Excellency Sir Cecil Smith, Governor of the Straits Settlements, landed at Singapore os the tath Inst, after period of rest, at home, which we trust has been as beneficial as it wai undoubtedly necessary, owing to the peculiarly. heavy strain which the burden of administration In the Straits imposed on His Excellency prior to departure on leave.

THE Bangkok Times in its issue of the Ith fastant makes a statement under the beading of "Notes and Gossip" to the following effect

Some surprise, and not little indignation, hat been felt in Paris at President Carnot having commuted the sentence of death ofone Bousquet into penal servitude for life. Some years ago Bousquet seduced his sister-in-law, girl in her teens, and lived with her and his wife simulte neously, having children by bath,"

YI gods! how are the mighty fallen. Zephyr the grandest looking, the gameat and the best race pony that has ever canted colors to victory in China, way, on the 15th lust, at Shanghai whilst compeling for the Champlon Prize, bestea by Grantham. Now the latter is a very band- some and racing-like pony but how any sene. body of so-called racing experts could award the blue ribbon to him, while Zephyr. was in the aame paddock is to us a mystery which by the way we have neither time nor inclination to solve just now.

THE Canadian Pacific Company advertise the departure from London of the first of their new ocean greyhounds, the Empress of India, for the reth of January 1891, to be followed by the Empress of China on the ith of February and the Empress of Japan on the 15th of March. The route will be from Liverpool, Southampton, or Plymouth, calling at Marseilles or Naples, Alexandria, Port Sald or Ismailia (with sufficient time allowance to make a trip to Cairo and the Pyramids), Bombay, Colombo, Penang, Singe and Yokobama, Vancouver, thence by Canadian Pacific Railway to New York, Boston, Montreal, uebec, or Halifax, the passengers having choice of Atlantic steamers from any of these parts to

A MEETING of the Jubilee Committee was held at the City Hall on the sath inst. at 230 p.m. Mr. Thaman Jackson tock the Chair, and there was a good muster of members. Mr. Jackson baving convened explained that the meeting WAI for the purpose of completing the formation of a Committee, which it was desirable should be as representative as possible, but it had up to that time only been drawe up. In a preliminary manner. It was then proposed by the Hoa, T. H. Whitehead, seconded by Mr. E. Mackintosh and carried unanimously, "that His Honour the Chief Justice, Sir James Russell, C.M.G., the Hon. C. P. Chater: Mr. Thos. Jackson and the Hon, H. E. Wodehouse, C.M.G. (hon. secretary) be constituted a sub- commitee for the purpose of drawing up a complete and representative Committee with as little delay as possible." The proceedings thea terminated with a vote of thanks

the Chair-

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7. The item in the accounts, "Good-will $69,206,"ought be written off altogether. As it has turned out the good-will sold to the Com- pany was of no value. Mr. Abrahamson offers to return his share of the $70,000 paid for it, and hopes to be able to induce his Co-vendors to do the same. If 2, $70,000 worth of shares can be cancelled.

Fully paid-up shares will stand at $80. The other skires at $30, paid up, with a further liability of $50 on each.

9. If this is done, and it can only be deue by a special resolution and with the approval of the Court, after a little time the Company will be in a fairly sound state.

'to. A call of at least $ro will, however, have to be made.

(Signed) JNO. J. FRANCIS.

HARRY WICKING. G:O. FENWICK.

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those who are sure to benefit by any basty panic he felt perfectly satisfied that although not on policy. One thing I should like to see sitered sth every statement he made would be believed in the report. Mr. Abrahamson has voluntarily readily by the jury. To continue, a writ, wax THE Choye Shimbun is responsible the state-more, The heavy loss in the year's accounts is

anv.one la particular in 'rescect of it. mont that the British Government have made vafertunate, and no blame seams attachable to the following reply to the draft treaty sqbmitted

6. The Sandakan Saw Mills ought to be offered to give up his share of the purchase issued against him for $7,0:0, and M. Justice to them, namely, that they are ready to assent to the proposals made by the Japanese Government.very valuable property and should pay. The money. This does not to appear on the Fielding Clarke made an order for payment face of the document, yet it is"the" very" of the $5,000, giving him leave to defend the provided the two following stipulados, are agreed coast trade, Agency, and Bank batiness are to, viz., Tat, that the land leased by Euglish menund, and only want careful running. The strongest proof of his dona fides. Had you seen balance. That was the whole story of the in the treaty ports should be sold to them; and Tarapaca ought to be sold at the first oppor-him working for your Co. as I have, careful financial business of which the had heard so almost to niggardliness in spending, keen almost much, and it was urged that it was on that to grasping in receiving, wore careful with account that he had conspired with Mr. Ward to. also in the future, that the right of possessing unity.

other's money than his own. I am sure very bring this very serious accusation against Min. land in the treaty ports should be given; and, that the taxes and other burdens to be borne by

warm expressions of confidence would have hinnett. He would ask the jury ax inen of the Englishmen should be made the same as those laid on the Japanese merchants; so distinction

thrown over the report a tinge of hopefulness, world, as reasonablemen, as men who had known and have given him greater heart to struggle for him in his public capacity for many years, whether to be made between the two.

It was consistedt with the character he had borne your benefit which, remember, is his own R180,

Mr. Wicking said he thought it would we well all these years that he would descend to the con- to adjourn for a fortnight and be felt justified in temptible and foul methods suggested by the. 8. The Committee recommend that the passing someremarks on the views just expressed learned counsel. Mr. Ward told them his Capital of the Company be reduced to ago cooby Mr. Abrahamson and Mr. Sketchley. He story, and it was in all its details practically by the cancellation ofthe $70,000 worth of shares intended to leave matters where they were bacprrect. Mr. Ward had come to him in his the gentlemen who had just taken their seat had mentioned the raw with Minhinnett. He above mentioned, by writing off the good-will could not now do so owing to the statements of ordinary capacity as reporter for his paper and He declined to take it for granted that the totd kim by and nothing to do with ibat, and and reducing the book value of the other assets by one fifth."

shareholders should not get back the $70,000. Mr. Ward then mentioned the very serious He had drawn up a special memo on the charge against Minbinnett. He suggested that accounts which he had withheld up to that a Minkingctt was a public servant, this was K moment but would now read it

matter that affected public intérests and advised The Chairman-I don't think it is in order him-to-make-enquiries: The result was the ***, document they had heard read. He would ask. for you to do za

Mr. Wicking-F submit that I am in ordet! them whether as editor of a public newspaper, a He then read his mento which ran thus:In MAX"WHO"WAY opposed to look after the interests the course of this enquiry it has transpired that of the publicis so far afin his pawer lay, ha the sum of $30,593 represented as profit in the could after having read that document through statement prepared by. Messrs. E. A. Abraham and fearned that Mr. Ward could verify his son & Co. when this Company was being fattaract otherwise than he had done. He had formed, proved at the clots of the year, when intended their dealing editorially with it in the that firm's books were examined, to be not in columns of the paper, but on second considera accordance with facts as represented by them tion, dening that fit was such a serious charge, Mr. Layton bag stated to the committee of ta bejremembered the good advice given, to him quiry when he asked Mr. Abrahamson where by the learned counsel four or five years ago this $30,593, was, he replied it was not a cash when he a defendant in a prosecution by profit, but a profit made by writing up the yalne Hon. J. M. Price for alleged libel. The learned of his property &c. The General Agents at page counsel idea! If Mr. Fraser-Smith, refused to recognize this mode of showing instead of putting these allegations in the profit and insisted on it being willed newspapel, kad written to the Colonel Secre off, which was done in the first year's accounts, fary his statements would have been privi But it does not appear that the General leged, and he would have been doing some: Agents insisted on the firm of E. A. A. & Co service. The learned counsel did not say refunding this $30,593 in fully paid up share that now he was on the other side; and stated which I submit was clearly the General Agents that he should have laid the charge and had the duty, as the said profit seems to have been purely misy arrested on his own responsibility The imaginary, and there is in my mind no doubt Best thing hubad done was to make enquiries that the General Agents and Directors would through Inspector Quincey. He then consulted matter in the hands of the Protector of Chinese,. never have consented to pay $100,000 for good his letal adviser, who advised him to place the Admond het He accordingly laid Mr. Ward's statement before purely an etherial nature,

The floating of this company was undoubtedly Mr. Michell-Ingies. They had heard Mr. accomplished by the bait held out that the am Mitchell-Innest in the Witness box on the of E. A. A. & Co. had shown a profit of $30,593 previous day? His memory for such a responsible and consequently, as this was untrue, the $rod,cop officer was most unreliable, but they had heard, paid for the good-will cannot be looked upon however, what had actually been done. From otherwise than by misrepretation in my opinion that day till he appeared in the Police Court in. The Chairman-I still think you are not in the prezent case be (Mr. Franer-Salib) had had

亞 order.

and we now wils - Regressings nothing more to do with the case. The whole

"b09 Mr. Wicking-You stated in your evidence thing paised out of his hands. Reference The Chairman-No evidence. I merely made had been made by the farmed counsel to Curtalarticies that had appeared" In the Telegraph and he said that it was very curious remarks

that these articles should have commenced just atthe time when legal proceedings were being. taken in Chambers. He failed to see the curiosity.

man..

*REFERRING to the export of gold from Australia to this colony the Northern Territory Times says that the precious metal to the value of i 9,015 was shipped for Hongkong by the steam- ship Xirtis. In its fame of the 7th instant the same paper arids :-"Following up the last week's great export of gold, we have another valuable consignment registered at the Customs far shipment to Hongkong. This parcel is the property of Chinamen; there are 15 separate lots included; and the total weight is goz ozs. The only comforting feature about this export is that there is a probability of most of the owners leaving the country along with the gold. It should be stated that this is exclusiva of the parcels seat as carga, which total another 350 ors. By adding the two lots together we get

The Chairman-I there anything you wish to state, Mr. Wicking ?

Mr. Wicking-Only that the accounts should be passed.

The Chairman-You think the report as presented should be printed and circulated amongst the shareholders ?

Mr. Wicking-Yes. The Chairman---Before entering into general discussion upon the report it will be necessary for me to take you back to inst Sturday week At the meeting then held you desired that a Committee should make inquilites into the accounts and the working of the company, that has been done and so I suppose you will now pass the accounts.

Mr. Wicking-I desire to say that I moved a resolution at the last meeting regarding a Com- mittee of Inquiry being appointed before the

LAST month a remarkable story was "golay the pore, Hongkong. Shanghai, Nagasaki, Kobe/grand total of 851 ors, of Australlad gold for | accounts were pasted, not because. I had any will bad they supposed the $39;593 was of to

rounds" amongst the "upper ten" in London to the effect, that His Majesty the Emperor of Japan would visit Europe saxt year. But little, if anything, is known of this important mission here, though of course & progressive Sovereign such as the Emperor of Japan would undertake the Journey did he condsider it expedient in the interests of his people, for whose welfare he has ever shawn unflagging-zeni, THE following from a Singapore contemporary shows that the mighty autocrat of "all the Russlax," in perspective, is on his way to the Far East. Observe and tremblel. The Russia 'fronclad Admiral Kornilop ↳ expect to-morrow from Hongkong en route to Aden, where the Is to meet the Czarewitch, and form one of the vessels of the shuvdron to escort him on his eastern tour. The flagship Admiral Nakkimoj is coming down from the Pacific to meet the Czarewich at Singapore.

As the Liverpool, steamer Rothesay, Captain Jenkins, was entering Galle harbour on the 31st Oct., she struck on the Mahamodard rock, and by the morning had broken in two pieces and become a total wreck. It understood that. the ship should have called at Colombo for coal, but made for Galle after finding she had gone too much to the southward. She was bound

from Cardiff for Batavia with coal, and was screw gleamer of 1.972 register tonnage. She was hulle 'about ten years ago, was 286 ft, in

length, 37: it. In width, and 23 ft. depth of kold, GOOD ORACIOUS, Ink at this! The good folks in Washington, DC.. have been having quite a

jubilee on account of an interesting event having occurred there in respect to a "new arrival" g son having been born to Mr. and Mrs. VI Hi

Yung, of the Korean Legation." Wethought our "Cousing "knew that the woman who has been living with Yi Ha Yong at the Korean legation (save the mark) in Washington was his maistrere, not his wife. Presumably this fair damsel tas been palmed off on American society as Mr. Vi's true, only and lawful wife fimbral

O Mores

Great Britain.

SEVEN ! What is there in the number seven 7 As from the beginning this was the number of days in the week, so it ever, in Holy Writ at all events, has a sort ofemphasis attacked to it (all the same Hongkong!), and is very often therein used as a round number. Clean beasts went Into the ark by sevens. The years of plenty and famine in Egypt were marked by sevens. With the Jews not only was there a seventh day Sabbath, but every seventh year was a Sabbath, and every seven times reventh year was a jubilee. Great Scot! The golden candlestick (of Revelations, not of St. John's) had seven branches, Seven priests with seven trumpets went around the walls of Jericho for seven days; and seven times on the seventh day. In the Apocalypse seren churches were addressed, seven candlesticks, seven spirits, seven star, seven seals, seven trumpets, seven great thunders, seven vials, seven plagues and seren angels appeared to pour them aut o'er the land.-To-monow is the seventh day, Sunday 1° Let us rest! INTELLIGENCE arrived in Yokohama a few days ago, by cable, reporting another large failure in New York, the well known importing house of John T. Walker, Son & Co. having gone under. The telegram states that more failures were pending, as it was expected that the firm named would bring down others with them. It further reports the Silke market demoralised, and In a state bordering on panic fa, consequence, Merchants there, both foreign and native, engag ed in the Silk business, are certainly entitled to sympathy this year. Their chief market (New Yerk) has proved a broken reed on which to lean: Failures there have been frequent and trouble some ever since the suspension of the old firm of Louis Franke & Co. list April, and now the epidemic seem to have it in once more with more healthy renewed rigour. Doghtless a trade will spring up anon, and it will be better for all concerned when the unsound traders are weeded out; but meanwhile, what with the inter ference with trade caused by violent fluctuations In silver, the McKinley tariff-bill, monetary stringency in London, New York, etc., our Slik friends have a hard time just now, and we wish them a happy lasus out of their difficulties." THE Whitehall Review very rightly saya'that, a certain amount of feeling is being expressed In some quarters at the alarming-spread of Russian indacace in Japan, due to the activity of the Russian missionaries in the empire of the Mikado. Some statistics which have recently been published will, perhaps, bear out the Justice of the complaint. Ten years ago there were only about 5,000 converted member of the Greek Church; now it is calculated that there are considerably more than 20,000. When I is remembered that the Russian missionaries work is generously supported, not as with us by private denarioss, but by a good round Government grant, it will be admitted that the Russians are doing their best to insidiously Russianise a nation' which has shown itself only too amenable to European infinences Hitherto Japan has passed virtually nestral foreign policy and we are reluctant to belleve that she contemplates a move which would place her if the mercy of tasatiable Mascorts commanders. Neither do we think interested Powers view with equanimity undoubted attempts to advance Russian influence in ›Far Eastern

States.

China-obtained by Chinaman, sold to China-lack of confidence in the management but for men, and forwarded to Chinamen. Quite the reason that had we passed the accounts we should have been deprived by that act, of a legal right to mite the inquiries which have Chinese proceeding altogether"

resulted in the report which I have now read, A difficulty of the kind I refer to tai cropped up in respect to another company in this Colony, that refused to grant an inquiry after the accounts had been passed.

THE CHINA Borneo companY

LIMITED.

A LIVELY, HALF HOUR.

The adjourned ordinary meeting of this Company was held at the Hongkong Hotel at noon on the 2and last. Mr. B.Layton presided, and C. S. Sharp (directors), E. E. Abrahamson among those present were Means, D. R. Sassoon, (general manager), W. Judd, A. B. Johnson, C. 1. Hirst, H. Wicking, J. J. Francis, G. Fenwick, C. S. Barff, de W. Layton, S. J. Samson, R. Gubbay, S. Perry, W. Pariane, S. Darby, J. Wheeley, N. 1. Robinson, S. A, Noronks, J. F. Gomes, I Hallward, S. Joseph, J. A. Fredericks, F. Dodwell, C. Skertchley, etc.

The Chairman said he was very glad to hear Mr. Wickings remarks and he had much pleasure in asking the meeting to pass the accounts. Mr. Wicking secondel and the ac counts were passed news, cons

if

The Chairman continuing said, regarding the report which would be printed and circulated he had to say that the views of the Committee therein expressed should be endersd by the Company, and that were so he took it that clauses and g of the would meet with the entire approval of the report, touching the curtailment of expenditure, shareholders. Before passing a special resolution The Chairman said the objects for which on the subject he thought it well to give convened werd to the shareholders plenty of time to consider to the meeting had been consider a report drawn up by a Special matter. It strack him that the meeting was not Committee appointed at the meeting held entirely unanimous on the question of the report, on the 8th Instant, regarding the fature and he would therefore be glad if any one present working of the company and to sec

what wound faveur the Directors with their views on was the best system for carrying on their the report of the Committee. extensive business in Borneo. The Committee had drawn up and submitted to the directors long report which Mr. Francis, Q.C., had, as the shareholders were aware, assisted in. He regretted that Mr. Francis bad left the colony for a brief period of rest and could not therefore be at length as he had, in fact, left the colony present to give the shareholders his view without devoting so much care to the framing o the report as was usual with him in dealing with any matter submitted to his judgment. It was late on Thursday, about-ton minutes before noon, when Mr. Francis handed in the report mail. Owing to that fact it had been impassible that was just prior to his departure by the to get the report printed and circulated

Mr. Wicking suggested that they should ad. journ for a week and then bring forward a resolution dealing with the quellon of writing down the capital account.

Mr. Joseph-Yes, I think it would be better to adjourn.

Mr. Skertchley-I can see no objection to reduction of expital,

The Chairman then moved that the meeting be adjourned in order that the Committees report he circulated amongst the shareholders and thus they'd have time to consider It..

Mr. Wicking We should séjoura to next Saturday.

Mr.Hirst proposed and M. N. Robinson seconded that Heaars. Layton and Davies ba re-elected Directors. Carried umaminously. Mr. Judd then proposed and Mr. Perry seconded that Messia. Lyall and Henderson be re-appointed auditors and it was carried nem con.

Mr. Wicking-Well, if you are willing the pay the shareholders the $70,000,

Mr. Wicking-I beg to move that we adjour for a fortnight, Mr. Hirst seconded, and it was With the announcement that Mr. Abrahamson carried by acclamation. would reply to Mr. Wicking at the next meeting, the proceedings terminated,

J

THE CONSPIRACY CASE,

These sticles appeared because it was just at this time that Mr. Ward brought this matter to kis notice. Surely that was a reasonable articles he (Mr. Fraser-Smith) held himself. explation. For these paragraphs *** and ier responsible. He might tell them that Minkingelt: bad: alyeady taken out an action for bel Tagainst him for $5,000, and another action for The following speeches in the case yesterday,hould be only too happy and too proud to meet A prosecution for another $5,000, and he malicious

Mr. Fraser-Smith, continuing his address (19th inst.) were omitted, thus for the defence (which was cut short, through the circumstances referred to in last night issue) said: The law I will leave to the Chief Justice to lay down if you follow his guidance was a very alaple one in all its bearings, and in that respect you will not be wrong. The case so.far as the evidence went the jury would have little difficuty in arriving at a satisfactory cerclu sion. In the first place, the whole prosecution stood on one point, and that was that Mr. Wird and himself had conspired together because they had some private splte or malice against Min said that this spite or malice was in consequence hinnett, and Mr. Francis, in support of that pica of his (Mr. Fraser-Smith) having some dispute In a civil sait in the Court against Mr. Mind hinnett. The learned counsel either miired or misinterpreted his brief, or his brief was misleading. He addressed the jury in the belief that in the bankruptcy proceedings interest in the proceedings with reference of Mr. Webber, Mr. Minhlanett had some to some law books and furniture, There was not one word of truth in that allegal tion. Mr. Minhinnett bad nothing to do with the books and furniture belonging to Mr. Webber! They were taken possession of by the Court at

hire In' that Conft and substantiate or rather vindicate every word and every allegation that he had written, printed and published to connec tion with this matter, A carious thing struck. him during the addream of the learned counsel, his client the very serious charge alleged against and that was that he did not deny on the part of him, Throughout his whole address, if he did aof theilly admit he certainly did not deny the charge, and it had been denied that day for the first time in the witness-box-Mr. Ward in his address to the jury, had expressed his belief that the allegations made were true. He did the them he thought the jury would come to the same, and on the evidence he should put before the conclusion. (Mr. Fraser-Smith then readË the depositions' taken in the case at the Police Court when the charge was heard, In cons clusion bersubmitted that he hid no aim of object in persecuting Minkinnett. He had pa interest of motive for getting him out of the hesitate to coming to the conclusion that In Colony, and be thought the fary would have no all that he had done he had acted in the interesti of public orálity and; justice, and that there had been nothing approaching a conspiracy betwhen Me Ward and himself on

Ward had almost admitted that he was Mt Jandria summing up for the prosecution,

the instance of a Chinese merchant whe bad | asid, telfed in doing ar ́ho ́did. 'AVIth

regard to the charge, made there was not the slighted evidence given in the Magistrate's Court which showed that, presuming it to be tras, that w Minhinnett Mid-book gulity of raps jithe most it could prore, was that, an indecent assault; kad taken place. It had been stated by Mr. Fraser Smith to this charge had never been denied before that cho Me Goulbourn, said in his evidence life Police Court that when charged wida Mihidhet stichtously devied it. They the whold affatty What were the facts of the had heard that he had challenged enquiry Into caseThere was ayquarrel about this child being sold Mn. Goulbourn sent for Ab Ngan

amongst the shareholders prior to the meeting to-day. It had occurred to him that under the circumstances he could not de better than ask Mr. Wicking, 1 member of the Special Con-

Mr. Abrahamson then addressed the meeting mittee, to read the report so that the shareholders could sea, at once what conclusions their after which the Chairman said that Mr. Skerichly nominess bad come to and how they had arrived would like to address the meeting and as he had just come from Borneo and was an old resident at them. He thought it would be necessary to have the report printed and circulated amongst there he could, perhaps, throw some light on the the shareholders. A great deal of time Eid subject of the company's prespids,

Mr. Skerichly then said "As I have just re-obfained judgment in a civil auit against Mi been devoted to the subject by the committee

turned from Borneo and am vell acquainted Webber. The adjudication was not granted for who had sat over the matter for two to two and a half hours a night, and then could not with the Chiar Borneo Co.'s business and pro more than a month after these proceedings. The get through with it until the proverbial eleventh perty I should like to record my opinion respect books and furniture were handed to him (Mf hour." The directors could not discover anying the prospects of the Company and Traser-Smith) by Mr. Webber the day the latter I have known left the Colony in part payment for a considejable thing in the report that required alteration; it the report. just presented.

the business. from a perlad long antecedent sum of money, he owed him, and he handed was, in fact, perfectly satisfactory to them,

this Company and during these books to him personally, and they were. Mr. Wicking then read the report of the Com- to the formation

all this time have had dealings with the firm taken to his house. The Chinese creditor got mittee which run as follows

or Company, Those who do not presos probibitory order served on bim (Mr. Fraser ally know Borneo can have no conception of the Smith), and after proceedings is Chamber these st his instance soldIt was after that thin difficulties attending the developing of a new goods were handed to the execution' ereilitor and country every foot of which is covered with a dense and uninhabited forest. They were difficui Minhinnett and Mr. VarEps appeared ca ties nothing but experience could cope with, with petlilonlag creditors. The jery had heard about precision and the best anyone could do was to Mr. Minhinnett being on bad terms with himself form' the fairest estimate of their magnitude, and That was utterly without foundation. They had the cost and time to be expended in overcom- also heard about proceedings la Court between ing them. Mr Abrahamıɔnd had, the them. That was also utterly untrue. He 28 started and canied an a business which had his life, Pinunoff Snowit ni voj thought, solved the questions He had never appeared in Court with Mr. Mlakinnete that steadily improved in value til it paid 13-per His Lords Ip-1 do not understand yon. What cent, and seemed to require more capital fora do you mean by that her one. Bouh vibqi further development. He and his co-partans Mr. Fraser Smith Theresa Action, in price of the good-will in shares but by leaving His Lordship-Any proceedings in Chamber proved their bond Ades by not only taking the Chambers, bat Mr. Minhinnett was not there, their money, actually foverted, in the concem are the same sa proceedings in the pubile Coiftt.

The Committee appointed by you at the annual meeting hold on the 8th day of November, to consider and report on the position of the Company and on the accounts and report presented to the meeting, have now the honour to state-, vysavde

:

It should not be forgotten that only $28,000 outMr. Fraser-Smith'said he would explais Os

THE Peking correspondent of the Shanghai Mercury says: "That Sir Robert Hart has several schemes before him for the rebuilding of the Custon House on the Bund, Shanghai, which has long been the most unsightly object on the chief thoroughfare. Four or five plans have been submitted for replacing the ancleat and dilapidated rookery which does duty for a Customs House, but we believe that no decision bas yet been arrived at in the matter, in which many persons have to be consulted. The main obstacle is the question of funds, though it seems hard to believe that an organization of the lerance and position of the Ireperial Maritime Custom should be the victim of that miserable im pecuniosity which restricts and fetters the plans of most ordinary men and institutions." THE following from the Ceylon Times shows that there are prospects of development in the Len trade of Ceylon, e'en though it be with Rossis.

1. First, the Directors and: General Agents of Our contemporary says Judging by the result of an interview our representaties had

the Company have given your Committee every this week with the Russian Consul at Colombo,

assistance in their power and placed at their we should say that Ceylon tes will do well in

disposal the Title Deeds, Books, Accounts, Russia, where M. Regive has been trying to

Vouchers, &c., relating to the Company's property push it. Lieut. Frisch, the Russian Censul

and affairs,

2. Your Committee have found that, in the here, thinks the tea will be liked amongst bis countrymen there while he himself has done

Himited time at their diaposal, they have been much in the way of farthering our interests is the

unable to make any detalled examination of the empire be serves. It is cutirely owing to what

past year. They are too volumineus, and misy M. Rogirue is now doing, that Ceylon tea has

vouchers are only to be found in Borneo. They are perfectly satisfied that the accounts.costala already made the progres there that it has, and

a true statement of affairs of the Company and that the Russian Minister of Commerce proposes

FOR a considerable timo, a whole series of may be passed, but they are not satisfied that of $200,000 was paid in cash for the business, the 8th November 1885 Mr Webber negotiated to establish a direct trade with Colombo for the purpose of introducing Ceylon tas into Russia anake yarns" have aderand the pages of the accounts are as clearly stated as they might Last summer all looked well for the timber a loan through's Chingam Mr. Minhinnest be and ought to be, but it is impossible for your ; trade Biling was fetching up to 85c. per e. foot,acting simply as agente Afterwards Mr., Webber many of our Australian contemporaries, but now

Committee in the time to dictangle them and and the market seemed to be rising, Sundenly porrowed $1.500, and he and Mr. Webber entered A YOKOHAMA contempomry gives the following we note that, that animal who is so fearfully and

that can pa drop cams which has continued and the price joint promissory note. He had not seen "that account of Mr. Spencer's balloon ascent before no wonderfully made, to wit: the country editor re-state them in proper form...

If the Company is too continue this work is now about 50 cents. This can only be a cloudia note for graat many months now, and bi could the mercantllesky;: but I hear wails as if a perfot recall the 'exact werding, but he believed the the Emperor of Japan -It was supposed at has thrown over rum in favor of water and from pne time that the heavy rain which fell on the that tasteless element has evolved the following:ought, however, to be taken in hand at once.

3.Your Committee, ars of opinion that the manent midnight had set in, and the commercial interest was as per cent, per annum (He could afternoon of the 10th would prevent the balloonA very curious discovery has bem:mada at Ascent, arrangements for which had been made the M Donald river, near Armidale, The Bapress expenses of working the Company have been world had stopped in' its daily rounds, with Hong prove by documentary evidence that ilmiðafter In the large space outside the male gate of says that some time ago, Mr. Geo. Gill, of Emu excessive and ought to be reduced. They cap kong pointing Away from the sun of prosperity, me he had desired to settle this account dret the Palace. Two hours, however, before the Creek, placed some trout ova in that river, but be reduced without impeding the working of the What is this direcalamity You hare not lost your was prevented by Mr. Minhinnett and Me Web time fixed-half-past two in the afternoon the result up to a short time ago was barren. Company's business, and the General Agonismills in Sandakan, which are dolag well. Yeur bar. Mr. Webber had difficulty, la fading, the ing in walus, and the prospects of planing thus the $5,000 Borrowed by hitself, and only It was understood that as postponement, would However, large number of fich have been and Mr. Abrahamson are at one as to the launches are paying. Your town property incitas 1,500, and he naturally declined to paYENE take chce, and despites downpour of cold and observed in the river, and about go were caught reductions to be made

Your Committee are of opleion, after full with access: belag, better than they ever wear before Mr. Webbar Left Mr. Sealant tolerably heavy rain, a vast crowd assembled in the lately, on one evening, averaging about 1 lb. large area designated for the event t so large was These are puzzle, nor can our most experienced consideration and consultation with the Directors, were your Kinabatangan Blanda!?gares came tohle (Mr/Fraser Smith's) the erordthat its overflow completely blocked the fishermen from the old countries make head or that the export and sale of timber on the Co.'s reserve of force upon which you have. sover proposed that as Mr.Webber had gate beyond the castle most and thronged every tail of them. The head is the head of a trant, account should be stopped for the present, drawn,) and which is growing of greater paying the amount should stand ove

and the fish resemble a trout to the belly, while There are enormously heavy stocks on hand importance dally. Folksulk an If tobacco Mr. Francie objected to these, staremuple) avaliable place of vantage in the vicinity. Na attempt was made to Isterfere, his sight-seers from there to the tip of the tall they are like and heavy losses, have been, incurred. The land were to be had aaally on the Kizabat being utterly untrue, Mr. Fraser Smel

His Lordship pointed out that Mr. Writer-Silih so long as they kept outside the small space cel, with perfect del markings on portions of the actual value of the stock in Borses is small and ungan. « You held the balance, and there in every call evidence, not make these statement reserved for Mr. Spencer and bis apparatus, skin. There is no appearance, of scales, and must be largely written down. The timber prospect in the near future of realising very hand- Toyltations had not been issued, but an intima. this again is ecl-like. The most probable sale stock; In Hongkong;is probably of nearly the some profits. 1, have neversten the paysdal was opening his case. He did not ko tion was sent to the various Legations that the tion of the mystery appears to be that whan, the value stated, but can only be disposed of slowly, prospects of Borneo looking so well, and so say evidence us yet he proposed ca call) Itimdat mimo ascent would be made at half-past two o'clock, trout oya was placed in the river, 11 co-mingled and with the risk of deprecision. With prudence all ke know. Borneas and though it is always | be remembered that as Mr. Fraser-Smith whwin Their Majesties the Emperor and Empress with cel spawn, and by one of those curious a business hafiwil pay, may be done in ümberwell to face misfortune manfully look in a position where he could fuck make statements viewed the affair from within the Paince, Every freak of nature an altogether new fith has been to pader, dan ino muy garde thing went off satisfacarlly, but Mr. Spencer evolved. These fish when cooked are stated to 5. The Hongkong Saw: Mills are was again somewhat unfortunate in the place have the flavour of a cel, in some degrees, with overvalued,” The price given for of his descent, for he alighted in the moat, a coupon of trout, and daicures pronounce them excessive. If cannet, however, Evidently water has anafinity for kim stpresent, delicious. Altogether this discovery, in a most now, The raine ought to be writ but of course this incident did not at al mar the Important and interesting one, and should excite Touch sitenilen in the piscatorial was DEARGE ksöm of the abrasastle perform

lory away.

the matter, sad then the "dhe town defence lavented IMIE account for the girl having been sent

kżḍiraeal!Tha',·ERLAN was acquitted Drab evidence did not contain one

agistrato,,and then they found, Mr.. led titleriode évidence that Ah! Ngan'ı

in an article that had been read the charges and asserting, and adely, that, Ab Nian's cridence was fiili toʻra Certain extent. It was impoar attiviīrā Fraser-Smith's" statement vkawas 'mäticuly. Indifferenti about the whole " mature, it was he who had arged Ward on the py, and It was he who took it to the Registrar The two were working for a common disst mention of the matter to write out a state.

Kil, and they obtained it Inasmuch as they succeeded in getting the man suested. It was

181

dy from their common action that the mad dakeista pondzleration what was the knowledge was brought on the Police Court. They must

and endeavoured to set the authorities in motion posed by 37, Ward and Mr. Fraser-Smith

MABLE 7 Fraser-Smith kate at the time they brought this very serious charge

nothing except what Mr. Ward fold him. Mr. Fier-Smit said we consalted his ratiofter an

kao what coureelcherakould take Me Fraser Satish may have done so, but he and not called the soldier to prove that was Then with regard to Me Ward's action fa the mat ter. On examining he halk the leformation by possessed

A

the face-think we should be careful not to an oath, a certain: pingunt of latitude mast, ke merly overstate the caso, not to tell'i

tall the prbile, that las

emashank kas, stopped because somebody has |

a year's salary, but to stala the case fully and

conscience suka, and

Vila reported the merest rumours, rapsours the. fälle vän, tinitrota of which he took but tilb sublato: Inabatigate, and the source, of which Arakreldsed to sell, but which þá afterwards.

tard, from Mrs., Gonbo

actions