THE PUNJOM AND SUNGHIE DUA SAMANTAN MINING COMPANY, LIMITED.
The fifth ordinary half yearly meeting of shareholders in the above named Company was held at the Company's office, this afternoon (31st ulto.) for the purpose of receiving the report of the Directors, together with a statement of accounts to the 30th September, 1800. There were prezant-Messrs. 1. Orange (Chairman), D. Güllen, T. E. Davies, (Director); A. S. Cohen, F. A. Gomes, F. Mehta, M. Daver, E. Georg G. Holmes, H. G. James, Geo. Fenwick, and several others.
The Chairman said-Gentlemen, as the report has been sent to all shareholders I wili, with Your pe miasion, take it as read. With reference to the accounts, I would explain that in liabili Bles. $15,035.97, the balance of £5,000, part pay- ment for Jails Black, is accounted for as follows: The total receipts were $19,196.40 of which $927.15 were London Office and legal expenses, $13.333.33 were paid to the promoters of the new Company, leaving the balance in our favor of $15,035 92. With regard to the debt due to us on the 30th September by the l'enjom Pahang Gold Company amounting to $29,772.19, this sum in larger now as this Company had practi- cally to keep on the Jalis Mine expenses en behalf of the London Company till the last remittances from England. We cannot say exactly what the debt now is ny we have not received the accounts from the Mines later than January-It was then $33,000. This position of affairs cannot be allowed to continue and, as mentioned in the report, if you approve notice will be given to the Landen Company that after a difinite date if the whole debt be not settled the falls Block will be resumed and immediate legal proceedings taken against the Company. I think that our interests are safe in the hands of Messrs. Ewart and Brodie who do not seem at all disposed to give much grace. to the guarantors of the capital. The last letter received from Mr. Brodle says that "judgment has been obtained against one of the largest guarantors, and the Solicitor was instructed to pro- ceed with all possible vigor, and that the Diree tors can do no more than they are now doing to get the money out of there defaulters" K report has been received from Mr.. Blamey, who is in charge of the prospecting operations, and he seems to be satisfied with the indications at Gubau, a large body of quarts having a good appearance and carrying gold in fair quantities being met with. It is hoped that this will prove to be a reef, and further work is going on there. Some samples of Gubas stone have been wasbed, and prospects 3 Gunces to the ton. At Jalis the Robey engine is now being fixed to cope with the water which is too much for the present pumping power. The work to be carried on at Jalis will cooilst chiefly of continuing the galleries both at the so and 110 fect levels and driving Cross Cuts so as to more thoroughly explore the large deposit of goid bearing material. M. Recher is anxious 10 commence a new shaft and will do so if funds are remitted regularly, which, with the last encouraging, reports sent home, will I trust be the case. A telegram received yesterday from Singapore informs us that water has been pumped out of the mine and work is being pushed at the 110 feet level, Before moving the adoption of the report and passing of accounts, I will be glad to hear the remarks of any present, and I would ask you not to discuss now the question of raising fresh capital which can be more con veniently discussed at the Extraordinary Meeting which will follow.
There were no questions so the Chairman moved the adoption of the report and accounts, ns presented.
Mr. H. G. James seconded and it was, carried unanimously.
At this juncture in the proceedings the Chairman announced that the extraordinary "meeting would be held-in-the-course-of-five- minutes. A few more shareholders dropped in, and after waiting fully ten minutes, during which the Secretary was busy calculating the number of shares represented by the shareholders present, the Chairman said:~I
are only am sorry there
24,400 VOICE represented, personally and by proxy. The Articles of Association say that at least half the shares of the Company must be represented at any extraordinary convened for the purpose of repealing or We, will adjourn altering the said Articles.
until this day week at 4 pm.
meeting
Mr. William Legge-That will be mall day i Don't you think it better to adjourn to Weines- day week 7.
The Chairman-Yer, we will adj A until Wednesday week at 4 p.m., and I hop you will endeavour to get others to coma or send to their proxies by that time. The transfer books will be re-opened from to-morrow for a week.
The meeting was then adjourned.
report -
The following is the
The Directors beg to submit the Accounts for the balf-year ending 30th September, 1890, from which it will be seen that the expenditure on working account was $41,207 02, and also shows the amount of $29.775.37 due to us by the Penjom Pahang Gold Gold Company of London at that date.
These figures represent the cost of Exploratory and Mining work done during that period on the Company's concessions. The reports of Mr. Becher and of Mr. Truscott annexed describe more in detail the various operations, and it will be seen that, practically, no results have been gained from the prospecting at Panjom and at Sunghie-Dua beyond furthering the knowledge of the area of Concession.
The Directors do not think that, for the pre- sent at any rate, work should be continued at Gunghie Das and have accordingly given notice to all employé, and work wil cease there at the end of April Endeavours will be made to sell the Concession or to otherwise deal with the property,
A thoroughly experienced prospector from Australia, Mr. Blamey, arrived at Punjom at the beginning of February, and it is hoped that better success will attend his exploratory work on the Punjom block
Latest advices from mines report that Mr. Blamey has met with very encottaglog indica. tions at Gabau, a small vein being met with leading towards numerous old Malay workings, and a small washing plant has been sent to more thoroughly exploit the deposit.
Work is also going on to a limited extent at Glangga, which appears to give results worthy of further exploration.
THE HONGKONG TELEGRAPH, THURSDAY, APRIL 2, 1891.
(Pahang) Company, and we will resume pos session of the falls Mine. Also, it is felt that the sum of £50s per month la quite inade- quate to carry on operations on a sufficient scale at Jalis, and therefore it is proposed to give the London Company notice that after a definite date (not to exceed six months from time of such police) if the whole debt to this Company be not paid or arranged for to the satisfaction of our representatives and a proper working Capital subscribed,
resumed by this Company, and Bloeibed possession of the Jalis mine and that they are authorittd to take such legal proceedings as they may think fit.
be
After various break-downs to machinery, the Jalas Mine has at length been freed from water and opened out. The shaft and galleries put into good order, and 30 tons of Ore were raised and milled, resulting in the gala of 1 oz. 14 dwts, of gold, or a little over 1a dwts per too.
With such an abundance of this grade of ore existing at Jalis, this prospect is exceedingly premising, and work should be vigomusly con- tinted on a large scale. Therefore the London Company cannot be permitted to retain posses. sinn of the Mine and trifle with the work indefi nitely, and your Directors trust that you will approve of their proposed course of action.
The management at Punjom will be continued by Mr. Hardie who is also acting for the Penjom (Fabang) Company, and Mr. Blamer with neces aary assistance will carry on prospecting work. Steps have been taken to terminate the engage ments of our former employés, several of whom have been taken over by the London Compray.
The Directors regret to report that the funds of the Company are nearly exhausted, and it is, therefore, proposed to raise $60,000, in such manner as may be directed. In view of the pro- bable event of resumption of work at falls on our own account, and in order to keep hold of the Concession, it would be deplorable if this Com pany had to stop operations. It is therefore hoped that you will make every effort to raise the additional Capital required, so that we may be prepared, if the necessiy arises, to carry on the work at Jails. It must be remembered that cessation of work at the mine larolves heavy additional expense in re-starting, as the mine would again be flooded to the great injury of the timbering of shaft and galleries,
The Agreement with Mr. H. M. Becher expires at the end of this month, and owing to our low state of finances and the limited sphere of our operations, it will not be continued; Mr. Escher, however, continues to act as Manager to the London Company,
The Directors wish to record their high appreciation of the services of the representa tives of the Company in London, Messis. Ewart | and Brodie. Mr. Ewart, worked hard in our interest under unpleasant circumstances Mr. Brodie is now devoting a great deal of time to the Company's affairs, and his knowledge of the locality and of our situation renders his services of the utmest value to us in the present position.
The Honourable C. P..Chater and Mr, W. H. Ry have resigned their seats at the Board, and it is not proposed at present to fill the vacancies. The annexed accounts have been audited by Messrs. F. Henderson and R. Lyall.
|
We have compared the above Statement with the Books, Vouchers and Securities of the Com- pany, and certify the same to be correct.
F. HENDERSON, R. LYILL,
1
Auditor..
THE STEAM LAUNCH COMPANY,
LIMITED."
date
Cr.
TranaferFe¢u ་་ཝ་་་་************ Interest Account ....... Net Coal Earnings ...............
Net Earnings on hired Launches......
Dr.
2.00
The fourth ordinary half-yearly meeting of PROFIT AND LOSS ACCOUNT 31ST DECEMBER, shareholders of the above Company was held at
1890... the Company's office. No. 9. Praya Central, on the afternoon of the 31st alto. There were presents-Messrs. J. W. Noble (Chairman), A. GAmcant brought forward from last Gordan. H. J. Holmes, Chee Kum. Kwok Tye Collister Expenses Account Chang (Directors), eight Chinese shareholders Auditors Fees and J. V. P. Jesus (Secretary).
The Secretary having read the notice conven- Ing the meeting.
The Chairman said 'the report for the six months ending the 31st December, 1890, bad been in the hands of the shareholders for some time past, and had doubtless been read with interest by all present, so, he thought the accounts might be safely taken as read." If the report had been carefully scrutinised by the shareholders, they would have observed that the Working Account had a much more healthy Appearance than it had had in all previous debit balance and look forward to better things, reports, and it had enabled them to clear off the
The
expenses of the Company had been reduced to the lowest minimum, and if the Directors could not show a better report at their next.
meeting he for one would deserve their censure. That was all he could say, and he thought it way the most encouraging thing 'be could say. If there were any questions he would be glad to answer them to the best of his ability before pro posing the adoption of the report and accounts.
There being no questions the Chairman pro- posed the adoption of the report and accounts.
Mr. Ho Wai Hing seconded, and the motion, on being put to the meeting, was carried.
The Chairman proposed that"Mr. Chee Kum, who retired by rotation, be re-elected as a Director, and that Mr. Ho Fook be elected in the place of Mr. Kowk Tsze-chong, who did not wish to be re-elected.
Mr. Gordon seconded.
Carried.
The Chairman sald Mr. Holmes having returned to the Colony he had been invited to join the Board, and he had great pleasure in pro posing his election and also the confirmation of the election of Mr. Ho Fook,
Mr. Chee Kam seconded and the motion was
carried.
Mr. Holmes proposed and Mr. Gordon seconded the re-election of Messrs. R. Lyall and L. Downes as auditors, which was unanimously carried.
Mr. Holmes proposed a vote of thanks to the Chairman, who had worked successfully In the interests of the Company during the time he had been on the Board. He had not given them a lengthy address, but he had told them that there was every prospect of a much better report next time with the Increasing business, and altogether the present report was in better tone than formerly. He thanked them all for his appoint- ment and assured them he would always take great interest in the Company, and he hoped their efforts would be result in what the Chair man had predicted. The traffic at present was Įmoch better than formerly and he thought the
prospects of the Company greatly improved. 57.145.63 The Chairman returned thanks and the meet-
1,500 00ing closed. .9.690.01
JAMES ORANGE,
Chairman.
Hongkong, 24th March, 1891,
?
1ST APRIL 1890 TO 30TH SEPTEMBER 1892. Aries.
To Cost of Estate
H
»-$150,000.00
Machinery & Plant, Constraction, Buildings at Purjom Samantan... Steam-Launch Florrie .. "Steam-Launch Six Yüm ........ 11 Lighters
Timet
23
,, Stamp Mill Plant.........................................................
Saw Mill Platanesinu
11 Water Wheel
19
11
Instruments and Tools at Punjom —and Simantan
It
Stores........................................
+L
Furniture at Office
J
Furniture at Mines and Sunghie
Hongkong Bank ................
Singapore
"Cash at Pekin Agency *********** Malay Pabang Concession Com. pany
1,793.07 2,610.15
******* ́ ̈ ̈'ACCOUNTS.
statement
Balance forward
of his crossings over streams Inok doubtful. Eot the Chinese do not make roads sufficiently often to be great road-makers. Now Hupch has to continue this road through its gorges to Ichang and the great. Lo, the Marquis of Cambas of chalk O where the road is to go. If it is ever these parts, has just been up to inspect and
finished and ever fnats it will rival the Corniche Daily News Road for magalficence, of scenery,—V, C.
"CHINRIANG.
into these square hole, a rede but wrong ready to pose for photographs, and not at all too Net Earnings of 'Steam-launches 'to,
wooden ladder up the face of the cliff, frightened to look into the camera themselves. .......................$7,603.62 naturally supposed to be inaccessible, and
We longed to walk along the great Szechuan surprised the enemy, thereby conquering the road, completed as far as the Hupeh frontier, 60 70.00 klngdom of Shu. There, als are the caven miles, at a reputed cost of 160,000 lacks and really 61.05 where men gather saltpetre at dizzy heights,
i road, though, as is asid, to be usual in Sre- climbing up to them by paths that make one hot chuan, it has often lang flights ofsteps; and several 27.81
lo look at. Further on are the iron pillars on 3,762.48 one side, and opposite the holes in the rock, between which chains were fastened so as to prevent the rebels from coming down in their vessels to attack the province of Hupeb. And then as we leave the gorge we see the tauiple to the memory of Liu Pel, who was there encamped, and alain when Meng Liang made his marvellous night attack. This Foxler-land teems with $692 58 memories which the Chinese do not quickly 689.60 forget. In Kueichow there is still a tablet to the 100.00 wife of Liu Pel, over the well at the back of what 1,280.30 is now the Prefect's yarê, where she drowned herself when her husband was slain nearly $2,761 48 2,000 years ago. But it is New Year's Eve, and even the boy' says it is impossible for me: to go into the city to see it to-day, and on to-morrow's festival it would be cruel to trouble our good soldiers to excor us. For weare travelling with that great luxury, a gunboat, that in alto a life boat, as escort, and the soldiers, as in all this admirably organised lifeboat service, ara excellent fellows, whether for handling an oar er for keeping back the crowd, They seem .positively to delight in carrying the camera, their own clothes very much and being very or in posing for a foreground, evidently admiring anxious to know if we can read the characters upon them. But for this gunboat, which sails faster than our quatre and can put us-ashore anywhere, we should have been deprived of nearly all our interesting walks, for our boat has iniled on and on even into the night. Salling | following White Wings before, a beautifully through the never-ending Wusban gotge, ever appointed junk, that had kept Just abrad of us all day, and seeing our first sunset since we It seemed impossible ever to go back agala to started, saffron in the west, was very magical.. one's friends. Why not sail for ever, since one has once discovered the Ideal Life?
Cr. Amount brought forward from working
account.....
E. &+ 0. E.
.....$ 2,7514°
$2.762 48
A. G. GORDON & Co., LD, Managers. and Vouchers of the Company and have found We have compared the above with the Books the same lo accordance.
R. LYALL,
LACEY DOWNES, J Auditors.
Hongkong, 13th. March, 1891.
THE CHINA AND MANILA STEAM-
SHIP COMPANY, LIMITED.
The eighth ordinary general meeting of shareholders was held at the office of the Com- pany, Praya Central, on the aftemoon of the 31st ulio, for the purpose of receiving the report. of the General Managers, declaring a dividend.
We know the merry world was and electing a consulting committee and
And we might sail for evermind But there are other mements, nad moments auditors. There were present-Messrs. W. H. oft repeated, when allis excitement, and action, Forbes (Chairman); D. Gillies, R. Shewan, Wild shouts and wavings of arms encourage the W. S. Taylor, R. R. Thomson, C. A. Tomes,steaming tracker. The water boila round the G. L. Watson, and others.
baws. The drum sounds. A man springson to an almost impossible rock-it is climbed, at least twenty times nearly every day—and dis, engages the tow line, on which our lives are depending. The camera is at full cock! And then a sailor reaches in front of it, and the moment is lost! But the boat hange fire, and one tries again. Here there are women tracking, women with their boolike feet and loathly trousers, giving delicate little pails that surely can not advance the boat much. Now our soldiers are paling and booking, with clatoned faces and straining arms! Now we are through that race, and flying along in the eddy preparatory to the tug of war at the next rapid! The trackers are running ahead like a pack of beagles! Aside ravine becomes visible with a
grand gateway, irresistibly recalling Coleridge's like cliffs that have been rest asunder." Then we gaze at caves, squared, and with fresh fooking ladders banging from them, and understand that they are places of refuge for the husbandmen in the houses opposite to retire into should danger threaten. Certainly they appear able to stand every siege there but that of hunger.
"The Chairman said:-Gentlemen, the report and accounts bave been in your possession for some time and if you have no objection will now be taken as read. The only feature in the report that calls for remark from me is the recara- Company should take power to pay the dividend mendation of the General Managers that the
this year in scrip instead of in cash, it be ing necessary to avoid parting with any more money than we can help just now owing to all the Company's available funds being required to pay for the cost of the new, steamer Esmeralda. As the proposal is fully explained in the report before as I need not go into further details, but if the report and accounts as now presented be adopted and passed the resolutions as drawn up by the Company's solicitors, by mesas of which it is proposed to carry out the scheme, will have to be submitted to and confirmed at extraordinary meetings of shareholders held later on. There is nothing to add of Interest as regards the general business of the Company, but before moving the adoption of the report and accounts 1.shall be happy to answer any questions from shareholders,
There being no questions the Chairman formally moved the adoption of the report and accounts as presented.
Mr. Watson seconded, and it was carried unanimously,
Mr. D. Gilles was re-elected a member of the Consulting Committee upon the motion of Mr. Watson, seconded by Mr. Tomes. Messrs. J. H. Cox and T. Arnold were proposition of Mr. Gillies, who was seconded by ananimously re-elected auditors upon the
That concluded the business of the meeting.
r
ON THE UPPER YANGTSZE.
The following is the report :--- 178.76 The Directors beg to submit to the Share- 4,195-93 holders the Report and Statement of Accounts
for the half-year ending 31st December, 1890. 2.733.05 8,810.54
After paying all running Expenses, Salaries, 580.88
Repairs, and all other current out-goings includ-by Mr. R. Shewan. Ing the items of $692.58 standing at debit of the 3,179.93 211572.80 first six months of 1890, and 1689.65 paid on 2,928.44 account of the Patience collision case there 1351.61 remains a balancs at Credit of Profit sad Loss Account of $1,280,30 and it is proposed to deni $10.06 with this amount as follows →→ 573 16 $1,000 written off Extraordinary expenditure, 3,522 21 and the balance of $280.30 to be carried forward 1,279.33 to new account.
13981 The Working Account for the six months 652.59 213.27 31.88 216.20
The Day Ferry Service between Pedders' Syme & Co. and is n
1,450.97 Wharf and Kowloon is steadily increasing, and Penjam Pahang Go'd Company 29.771.37 your Directors are considering the adyliability Balance .... 308,448 63 of having larger and more commodious Launches
· for the requirements of the trade, $615,861,68 Hiring and General business show a decided improvement on the corresponding six months
"
Sundry DebtorS ........................cam
H
Suspense
*
Accounts Receivable ......
*
Petty Cash.........
James Morrison & Co..........
Opium at Mines .................................... Plant Cutting .......................................... Bullion Stock Account..... Live Stock......
Liabilities.
Of all ways of travel surely boat travel is the most luxurious. It is accounted roughing it, That means that there is no bother about toilets,
(FROM OUR CORRESPONDENT,).
22nd March, 1891. The Foreign residents here were very glad to see a gunboat. again at last, and although the Linnet is not a very formidable affair at best, her presence close at hand will serve to reassure the more timid amongst us. There is no doubt that we have a very rowdy native element In our amidst and I am credibly informed that the Concession is crowded ́daily, with. bad characteris. Besides it has been a matter. of: frequent comment here lately that many of the Chinese regard foreigners as they pass to and fro with anything but friendly eyes, and frequently, bebave towards them in A very insolent manner. But "wicked looks breaks.no:cbques!! and I am glad to any that everything here remains quiet at present: last night attracted a great number of natives to The working of the Linner's electric search light the Band, and we hope they were properly la- pressed by the sight.
The river steamers Chang-on and Ella will discharge freight and passengers, but will anchor disconduce going alongside the hulk Orüze to
tabore Garlie Hill in future,." This will entail a los to their respective owners. The Chang-On was becoming quite a "favourite, "being almost
of the fastest of her class on the river Shanghal Mercury,
We have passed rocks Buted like organ pipes, with the stones that have done the flating still held captiva in them; racks frelted almost into lace work by the action of the water, rocks weathered red and grey, and to-day we saw a black mass, which we were told was harder than steel, yet it was gearled and ghawn in rings. The strata now slope from cast to west, Just as on the other side of the gorges they sloped from west to east; thus, coming up stream, they no longer seem so menacing as before."
Kueichow with reed-like voices, and a man, very But bere are the far-famed singing girls of pale, with a fice like Dante, for accompanyist on a pretty little viol, and the sound of merry making increase Our soldiers have been cooking their pig's head nearly all the day. A mandarin's boat moored next to us has a regular witches' cauldron full of the cock, that everyone has been carrying about these last few days, comb, legs and all, a pig's head, and several more most uncanny-looking bits of meat, Evidently our trackers, also, are enjoying e good fond outside. We have to lusty rogues, besides our boat's crew. And we are all
: CHUNGKING.
6th March 1891.
(FROM, OUR OWN CORRESPONDENT.)
-"At last we are privileged to report a slight stir in Custome matters in this place. On March and occurred the formal opening. The previous day had been selected by the Tastai as especially auspicious, bat had been objected to because it fell on a Sunday. There were present all tho officials, civil and military, large and small. -A spread had been provided for the Chinese guests. The Commissioner and his staff had been invited to partake, but had prudently declined to tempt Providence in matters gastronomic,
have not arrived from Peking and matters stil * In the meantime the necessary instructions
remain de statu que. It is thought that the real place has been reated for offices in the lower part opening for businers will be about April 1st,** A
of the city and the outdoor staff will soon occupy temporary quarters in a temple across the river. Permanent quarters will probably be obtained soen on the right bank of the Yangtare opposite Licing-fe Already changes in the force: have occured. Mn-Stebbins has been recalled by telegram to Ichang, and Dr. J. H. McCartney, of the Methodist Mission here, has received the appointment as Customs doctor,
This port is at present favoured with a visit from the author of Through the Yangtare Gorges" and, his wife. The latter is the first Indy tourist to penetrate these western wilds. We doubt not her enthusiastic descriptions of the scenery, etc., would attract many more except for the difficulties of travel.
interested to know, something of missionary "No doubt many of your readers will be labours here.Chungking has at present a resident population of twenty-sias adults and fire children, all but seven of this num- ber being of the missionary body. This numbers often considerably Incrested by the visits of those passing, through. There and the Friends' Missions, and the Methodist are located bere the Chlas Inland, the Lendan,
except the first havs yet extended their work Episcopal of America. None of these missions;
1790.13 shews a proft of $7.767.45 which is no improve the whole of the "roughing" of it. Fat naturally moored in a tangled mass, so that there beyond Chungking, Daring the last nine days
By Capital n!
************$599.732.00 Malay Peninsula Prospecting Co. Balance. Due at Mine...
„ Accounts Payable......
Balance of £5,000 part payment for Jalls Blockii...............
WORKING ACCOUNT. Dr.
353.40 592.36
150 00 15,035.91 $615,861.68
ment on our previous reports.
BUSINESS.
of 1890.
DIRECTORS.
Mr. A. G. Gordon has resigned, Mestra, Kwok Taze-chong and Chee-kum retiré by rotation in accordance with the Aritcles of Association, and Mr. Ho Fook has been invited to fill the place of Mr. Kwak Tixr-chong, who docs art offer himself agala, Mr. Chee-kum being eligible, offers himself for re-election,
Mr. H. J. Holmes having returned to the Colony has been invited to again Join the board, His appointment with that of Mr. Ho Fook require confirmation.
AUDITORS,
To Balance from last Accountion...$267,241,61 Miolog Explorations E 3,875 78 "Prospecting
5.944-07
34:3.38 offer themselves for re-election.
49173
"Salaries and Wages, European
and Native OvETSCOTÉ.................................
13
Reads and Bridge#.................................
"Assaying Expenses ................................................
397.40
.Punjom Office Expense......**
ย
#
Policeomajna......... "Hotel and Hospital Expenses...*** *Allowances
1,665 66 301-74
H
#
General Expense...... Auditors' Fees
W
15
assister! Disbursements Sunghie Dus...... Loss on running Sin Yuminu Expenses, Launch Mauds.......... Surveying Expenses........................................ Travelling Expenses ............... "Head Office Rent, Stationery and Expenses........................
Legal Expenses «ies Commission-
H
Loss on Sale Launch Mauds....... "Excharge...
Compensation eraikingavarbesnay
It is with regret that the Directors have to report that the Perfoms (Pabang) Company of London has failed to fulfil its obligations to this Company. The arrival of Mr. Brodio in London at the beginning of this year has helped Mcom. Ewart and Hell to take up a stronger position By on the London Board, and legal steps were taken to force the guarantors of part of the Capitel to settle their liabilities. Unfortunately the financial position of; these gentlemen at the moment is not very strong, and our representatives have only succeeded up to the time of last advices in inducing one guarantor to pay the sum of £co per month. Legal pro- ceedings are being continued to force the pay ment to this Company of the large debt due, and our representatives have been instructed that so soon as the guarantor or the Company fails to pay this sum of £500, they may inko immediate. stops to force to the utmost the Penje
Cr.
Gold Licence...
Profit Sale Gold .................. Transfer Fee■...... Godown Rentonini Suspense ALREA Profit Sale Opium
E.&O.E. Hongkong, 24th March, 1891/
Xoo.co
¦
the easiest boots and gloves, the warmest and most comfortable of clothes. But that seems to be
each boat traveller takes care to start with a favourite chair and a comfortable bed, and it is thecook's business to provide the most recherché of little reparts whenever wanted. What else is he there for? Nor do souples and pheasants taste any
the worse because the supply of fresh air is unlimited, and the cabin as cosy at nothing but a perfectly well-built house, or a boat floating in water warmer than the sur rounding air can be. We have a sleeping cabin and sitting cabin each qft, 410. by yit. 71, the former well warmed by a most con- veniently arranged kitchen adjoining with a plenti. fut supply of warm water for our travelling bath, Thus our only drawback is that the wind is | always favourable, and whereas our fao-pan has to pay us two taels a day for every day over the agreed-upon az between Ichang and Changling, wo have to pay him two tacis a day extra for every day under, Nevertheless it is always pleasant to sail before the wind, and boat travel taken thus is the delight of travel in essence divested of all ita ennüfs of tiresome fellow. travellers, dust, steam, rush! Yet there is rush
of such another sorit We ran upon a rock our irst day in the gorges, and did not seem able to find a leak that night by the flickering light of a Chinese candle. But next day a bag
does not seem to be room for even oue bost more to spend its New Year at Kuelchow.fu. There are Joss sticks burning at our cabin door, Joss sticks were burnt over our pig's head in the gorge to-day, a cannon solemnly fired thres times, and the cook prostrated himself as he offered the burnt offering. Now crackers are going off all round, and every man who has a chance has asked me if I do not think Szechuan the most beautiful country in the world. Even the foo-fa, coming to buny me this morning to photograph the entrance foto the first Szechuan gorge; "Szechuan is beautiful," he says. So say all the mea with white handkerchiefs bound round their brows, thun showing their Western origio,
of the Chinese year there were held union native. meetings with an average attendance of abest
150.
?
* The missions have had an encouraging growth- during the year. The number of communicants is about 100 and of probationers about half as many, The Methodists have recently completed #large' bilck chapel with a seating capacity of 400 and are about to lay the foundations of a hospital-N. C. Daily News,
i
TIENTSIN.
(FROM OUR CORRESPONDENT.)
- Tientsin, March 17th, Yesterday, His Ex. Sheng, Customs Total of Chefoe, arrived here in a Chinese gun-boat, and made a call on His Ex Li Hung-chang.
But it has all been beautiful, and wild, all graad alace we entered the Land of Promise through the gate of the Ichang gorge. For those who love not nature in her wildest moods this is not the time of year to travel through the Chinese at Cheloo hire tomed out a white
• The gold mines flöated last yestby influential gorges. They should wafi till spring, fanded them all with flowers like elephant. So have the fchol silver mine. MayBoth were landed by the Chinese Timer. They fragrance. There is
a certain sameness about Two of the engineers who came out from the the grandeur of the scenery, now sean always United States to work the mines have left. They, under a leaden sky with a north-easter driving I am told, declare the mines won't pay to work, os on. But for those who admire precipice piled and yet all: the machinery has been put up upon precipice, and rocks rent under, every This is another blunder, and the Interesting ason is the season for the gorges, when the thing to learn now would be who is responsible
Messrs. R. Lyall'and L. Downes retire and ng enough in the Yangtze Rapids, but rushlog ballroom, and perfumed the Bretzes with their are situated about 30 miles out of the right place.
J. W. NOBLE,
Chairman,
of damaged rice showed clearly where it was, and a little bit of cotton' with some tallow madé
it all right. After that our mast creaked so
Niuokan gorge is perhaps the lovellast, but the for it. The whole thing will naturally be laid at
best
504.61 STATEMENT OF ACCOUNT 31ST DECEMBER, 1890. 457.50
alarmingly that we shortened sail, but that also Ping Shu, Pao Helen and Bellows are certainly 3,61277
Value of y Steam-launches..$47,691.51
the doors of the foreigners connected with it, e was soon made right, the sole of an old shoe the most solemn, and Impressive, i wölle"the 150.00
being nalled over the cracks. Old shoes seem Washun offers the most variety, and the chang North, accompanied by snow, which has now As I write, a heavy gala is blowing from the Extraordinary expenditure. 1,613.80 8,793-75
-850,305-11. to hure lasting power. We sailed on agala || gorge, though perhaps only because it is 153.81 Sundry Debt........................................ 7781.77 befom the favourable wind, that has carried us known, ever seems the friendliest,
been falling for some time, so that the surround- 14-00 Accounts in the hand of Solicitors...... 894 55 from Ichang to Kuelchow-fu, all through the 2:47340 Hongkong Hotal 6 per cent. Deben-
9h-We have been wandering all this daying country is all while. Notwithstanding this 8.347.33
Yangtze gorges, in less than a week. Perhaps through the ruins of Halaluancheng Li Pels the Hai-y has managed to get up to the Bund, tores (13) ... 5,000.00 some of aur good fortune is owing to the three city. Bits of the wall remain and the gateway with the greyhound she won sa gallantly on her Foralturo ....................................................cien 995.11 Preliminary Expenses Account........
3500 Joss-sticks burat at the stern. They also were under the old drum tower, but it is a little hard tip this season displayed on her foremast, 924 40 stuck in an old shoe, or rather straw sandal this to believe these date from 200 A.D. although all She leaved at 10 am, to-morrow
21.14 time. Perhaps old shoes have a meaning like the people declare they do, and the boy? begs The loin of Tis, 200,000, raised by the 56.39 Coal on Hand 401360 so many other things la Chins, not understood that they may be photographed. We pleniced Foochor Treasurer from the Foochow Customs 166.91 Stationery on Hand...okosemite, 70.co by people animbued from their cradles with the under a beautiful clump of trees looking down and which is repayable on a sliver basis in ten 641.40
profound truths of fing-akul.
upon the grand rock mass, whose belog covered years at y pericent, was negotiated by a $70045-57 360.00
Our voyago seems like a dream of childhood by the liver is the sign for the Koelchow German firm in your post for the Deutsche realised, a dream inspired by many readings of authorities to forbid the passage of junks down Asiatische Bank and the Deutsche Bank, Berlin, Sinbad's marvellous voyages. At ichang they river as too dangerous, wala rock is sup. Before last year's floods Kelping dust coal was Subscribed Capital :--
were making merry over a disappointed globe ported on three pillars, thus there are two i sold at the pit's mouth at Tis, 1.80 per ton. The 4,000 Shares at $50.......................$100,000
trotter, who had been to see the Gorges, and arches to be seen beneath it, when the water price at the tanio place for the same article now Gróf which $30, où cach Share has
came back disappointed, because they were not is, low enough." The "days" of "this"grand is Tis:21:56 per tón :: Fuel has risen 'all' round been paid up..........................................$60,000.co perpendicular Whether he insisted on their rocky mass standing in mid Yangtzo must be 200 per cent. In price, which is rather hard on 201,59 | Sundry Creditors...jepsasakta ****** 8,755.27 descending perpendicularly to their winter water numbered, but it may last all our time yet, the poor people, but a good thing for the Keiping 81.16 Balance of Profit and Loss Account 120.30 Ene, or their summer water iine, not seldom do We wandered through a lively Temple on the Co,, who may be able to give a dividend of 15 feet apart, deponent said not.. But if he had hill, commanding the most picturesque view" de "per cent, to their shareholders this year,” 16:14 $70,045-57|| Come on to the Bellows Gorge surdly even, he have yet seen down the Bellows gorge. "Unika tald the Chida Merchants have contracted with must have been satisfied. The great Szechuen most Chinese temples, this, the first Szachin the Kelping Company for 40,000 tons of coal, road, the one wese road I have seen in China, ia | temple I have acco, was really exquisitely kept, and therefore the prospects of the Company for simply hewn out of the face of the apparently clean and well swept, with clean twindows || "the coming year we wery bright, and their coul e pilósts were || may be sent down to Shaoghni in large quantities
$310,315,00
6:00 682.81
180.00 1.97 -613.74
i
***** 308,448.61-
$310,225.00
A. OD, GOURDIN, Secretary.
Liabilities.
WORKING ACCOUNT FROM 1ST JULY TO JIST DECEMBER, 1890, INCLUSIVE,
Dr.
Frost and Loss Account misin? 2,762.48
perpendicular-rock' that there arches over fi, of many-coloured paper paner, from dis
There on the southern side also are the square polite, the images freably paloted. "We came in the Company's steamers, — Skungkat holes in the rock, memorial of Chinese daring, down through village, again all clean and which the "celebrated General Meng Liang fresh as paint "Every-one if in good clothes"
$2,762.45 caused to be made, so that la the night course, as it is New Year's Day but is fai sur- 'he took his soldiers, on pieces of wood stuck i prising to find that even the smartest women kre
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