1895-12-07 — Page 3

IMURIS AFFAIRS. MR. C. S. TAYLOR IS CREDITED WITH WRITING -AL-MASS OF-IRRELEVANCY." The far-famed Imurls mines have recently been much talked about in business circles both here and at Shanghat owing to the publication

of the following correspondence in the form of a circular. The documents, which speak fer them- selver, seed no comment at our hands fast now. Our remarks are reserved pending foture develop ments in the complusion therela refered to:-

Hongkong, rath August, 1895.

M. J. D STEPHENS, ESQ.

Attorney for Liquidator.

New Imuris Mines. Dear Sir, I beg to acknowledge your letter of 9th instant with enclosures which I now

THE HONGKONG TELEGRAPH, SATURDAY, DECEMBER 7, 1895.

which must represent more than holes in the Eround, because £175,000 was paid for some- thing to begin ator What was that something, and what is that something now? is it actual tenitory or only a paper Toain ? If it is actual god whether mountain side or baren flat, why (1 il cannot be told) in it not divided inté 56450 lots galo: the 156.450 shares and something given to sbareboiders in exchange for the 2/6 per share they are called upon to pay?

Shareholders la Hongkong are advised by a learned Q.C. that hasing subscibed to the New Imu is Mines they must pay the remaining call of 1/6 r. share and fight their card against the Directors in London, which is not an agreeable presisition and a much more sensible course is to withhold payment, as it would be foily to streng celine, to pay the call of 3/8 per oborothea the Liquilah is hands and fill his purse, which in my case mous to 18.1 until 1 by meeting calls which would only enable him to prizeed more ese.getically against share. bave been furnished with the following

holders who do not pay. particular

The balance sheet of the Imuris Mines (in Hquidation). shows the Company was in debt £38;159,4 3, with a net off

Debtors. London..£371, 2, o Stores, Sonora... 347. 5: 6 Cash, Mexico... 237 4

London...... 15.12. 9 – £971. §. 7

€37,187,18. 8 The New Imaris belags tbis"

into account thus ................... «£38,159, 4+ 3 Less Sandry Accounts trans-

ferred by Old Company .. 975, 7

£37.184. 3. an immaterial difference of no consequence,

The Imuels Mines was Limited Liability Company and who ever advanced the 439,159 4.3 lost it as against shareholders in the Company.

Mr. Woltall, as Chairman of the Company and representing Messrs. J. Whittal & Co, the General Managers, who found, or pledged their credit to find this £38 150.4.3. entered into un posed call of 2/6 per share and the remaining 2/6 of the 5/- per share liability, towards neces- work to or at the Mine, and it was on the BRIT distinct understanding that none of the money sabscribed should be appiled towards paying off debts of the Old Imaris Mices that China abareholders agreed to the reconstruction,

Should the Liquidater not meet shareholders fairly, nor explain the dots at issue, I should be very glad to sub aibe 18.15/- (and riik

·losing double) to a defence fund, and if other shareholders contribat, 1 equally, we could fight the eas from court to court, even to the House of Lords, if k.could be carried so far.

Your fatihfully,

C. S. TAYLOR. THE LIQUIDATOR'S ULTIMATUM. ;

18, Bank Buildings, Hongkong, October 24th, 1895. Dear Sir, The English mali arriving the sath Instant brought as a reply from the Liquidator, Mr. That, Dondas Pillans. Ha writes

C. S. Taylor, I bave waded through his letter to you of the 12th atilmo. It is a mass of irrelevancy to which it would be a gross waste of time to reply. His notions of the liability of shareholders under the Companies Acts are highly original bat would not, I fear, be likely to impress Court of Law, Please proceed to I return his essay heɩain."

Estimated groo private compositions in Melb. within the last three years--íñelading 22 share- brokers now flourishing, armething Uko 15 parions and a big body of lawyers --- This trinity of sharks also had the company of several eminently respectably members of both Houses. A list of all these people, with their debts and | aster, would make pretty reading.

When Mark Twain's publishing fim collapsed, he refused to go insolvent, and undertook bli present lecturing tour to raise money to pay the firm's creditors in full, faking all the firm's Habilities on his own shoulders, as did Walter Scalt before alm. He has already paid off go per cent., and expects to settle in fall inside four years. He will then be 64 years old,

Incident at the rash eight miles from Mt. Magnet. Man in buggy to prospecter pegging cnclear. I alt man can you see the formation is nothing but diorite ? Prospector

If you don't like it don't have anything to do with But what are you galag to do with twerkt? Prospector: "Work it be d—— No, let those who huy it work it. Do

you take the for a fool. Work it-who said I was going to work it ?" 7. Ball is expected to work It,

The CE Exploration Syndicate, Lid, of London, is an organisation composed almost entirely of members of the Institute of Civil Engineers, and is formed with the object of placing on the Landen market sound mining, engineering and other enterprises. Mr. Seymour Wells, A. M. I. C. E., of 19 Hunter street, Sydney, and formerly Engineer for Roads and Bridges at Newcastle, Mudgee, &c., has been appointed sole representative for N. S. Wales.

од

EMPIRE.

Company, Limited, advertises its first General Meating for the scik (ostant.

· LATE TELEGRAMS, 12

CONSTANTINOPLE, November rith, Tho, English Missionary station at Nablus, the ancient Schechem, near Samaria, has been attacked by a mob and some of the servants killed; the missionaries, however, escaped,

be allowed to reconstruct as much an it wants | AN AMERICAN on the BRITISH Kang Mow Cotton Splantog and Wearing to. The second provision is that the creditors' should thereafter be represented on the Board until their claims are paid in full. Under these The Hon. Justice Field, of the United Stater condlilans even the much-abused reconstruc- Supreme Court, recently passed through Canada, and a long account of an interview with him toa device is vastly preferable to promiscuous Hquidations, Liquidation is a proccas by appears in the Montreal Daily Witness, In which Rise's disappear faster than

reply to a remark by the correspondent, who snowball in a back-parlor fire; one observed, "You have beaten us in the race for krows where they go to save that the population," the Judge said, "There were lawyers got a lot of them for appearing in court special causes for that. But you are bound to and asking permission, at a cost of £20 or so promper. Greatness will come in time. It always in fees, to accept 30s. from shareholder Smith does where England plants her foot; and that not in lics of the 27 10s he ower, on the ground because of her might, but for a nobler reason. that the other 6 was irrecoverable. Alas, Wherever England plants her foot she at

In addition to the indemnity paid to Great though much has been said about the slow once establishes order: the makes laws; she BRODY of reconstruction, the agony of protects life and property. And those who place | Biltalu the Congo State has promised the liquidation is generally a fit slower. Nothing themselves under that flag stay under it assured restore the property of the late Mr. Stokes and to on-shia.essib-isslow-ban-a-big-fs-pompous that they can sit meer their own rine and fry Capala Lothaire by a competent tribunal, liquidation, and dont you forget It.-Sydney tree. That is the secret of the British Empire Bulletin.

FORMOSA.

ITS HARBOURS AND RESOURCES.

Since Japan should have no difficulty in making good the cession or conquest of Formoss, and by her occupation will thas materially change the complexion of things in the China Seas, it may be worth while glancing at the various conditions under which she enters on her new dominion-such as the state of the country, the condition of its harbours, and the volume of Ita foreign trade That the affairs of Formosa socially and commercially are far behind those of Chios or Japan there can be no questions for although there is a railway existing or projected over a long extent of the west coast, still there are throughout the faland no road properly so called, no navigable rivers, no canals, and no goed harbours for effectually fostering trade, such as exist in China by the score. of same 14.000 square miles sad a popula- tion exceedlog 4,503,0:0, two-thirds of the latter are a savage people, while an equal proportion of the former is mooniala-covered forest or impenetrable Jangis. The only produce tive flat land to be found is chiefly up and down the west coast, extending inland not more than zo miles, where the mountalus commence, and reach an altitude in some cases of 11,000 feet,

The aboriginals, of whom there are nearly two million, being to the Malay, or Polynesian race, do not take, kindly to any form of labour, fend with the Chinese people and Government, Bad

for four centuries they have lived at bitter

i

that it stands for order, for the protection of every interest, however humble. You have a great country and are part of a mighty Empire. When I think of Australia, New Zealand, South Africa, India, and this

country to the north of us, I am fitted with wonder. De you think this unwieldy Empire will last ?" "Justice and righteousness wil make it last," replied the venerable Judge. "These. form the cement which binds nations together. If they are absent no nation can prosper. It may appear to be great for a time, but it will eventually go down in ruin. England's rule, in the main, is for Justice and righteousness, and, therefore, I would safely predict permanence for her great Empire." Speaking of the relations between Great Britalo and the United States, the Judge said:The only rivalry between the two countries, enlightened and tolerant, will be an industrial rivalry, of which we cannot have too mach, English-speaking people, whether Ameri can or British, understand justice and will eventually do right. It is not their genlus to do otherwise. Ifthere be triation it will pass away; out of localism; we are taking the_large_view,” "Whether Canada will go on to ustlenhood, # said the Judge, in answer to another question, or became a part of the United States, who can tell ? One thing is certain—Canada can never be coerced to join us. No sane person would think of soch a thlog. If, after carefully considering the problem, bạth countries agres that it would be best to obliterate the imaginary boundary line and to become anu. then I think their desires could be accomplished. But it is midness to talk of coercion. The day of force and more, the reign of wisdom; and it will be | is over. We are havlog, and will have more

Major Belfield has been appointed Chief of the Staff in the Ashantee Expedition, and Colonel Stopford will command the composite battalion of regulars.

LONDON, November 17th. The notorious M. Arton, who was an asso- clate of M. Relauch in the Panama Canal scandals, was arrested here yesterday.

SYDNEY, November 17th. Arbor Daeree, the actor, has mordered his wife Amy Rostile here while she was asleep, and then committed suicide. It is believed that the tragedy was mutually arranged ownlag to their Australian tour having been unsuccessful,

LONDON, November 17th. Federation held a meeting at Manchester last The Lancashire Conservative Workmen's

night, several members of the House of Com mona,being present. The speakers demanded m repeal of the Cotton Dulles. A letter from the Margals of Lorna, Member for Manchester, South, was read in which he urged Great Britain to help India cot by giving a bounty against Lancasbire but by contributin towards, the military expenses, notably Chiral

CONSTANTINOPLE, 1st November M. Nellkoff, the Russian Ambasador, reply- Calp, BAFT the Amedians mostly provoked the lng to a mamorial from the Catholics of Echmia-

Christians by the Turks, and he advises the Armeniang to abandon to idle hope of European, intervention to co-operate in promoting a new order of things.

agreement with shareholders to devote the pro. Compel him to pay up with all possibia despatch. | creditore," The embarrassed Sydney bullding | 48 ID, though Farmora has an extecaire arean † local acerbities will wazleb. We are growing | conflicts which led to the horribla mayor of

Confirmation of this should be found in the Minute Books of the Company, or fa circular felters addressed to shareholders at the time of reconstruction, or in printed reports of meetings, or falling these in communications between the Company in London and the representatives of the Committee appointed by the Shangbal abareholders, or in letters between that Com mittee and its contesponding branch in Shangbal. I cannot lay my hand on any document to prove my statement, and my interest in the Company is so small that it is not worth my

wble to trouble to do so.

I find from the balance sheet of the New Impri

Your (LOT

MATHEW J. D. STEPHENS. CS. TAYLOR, Esq,

Shangkat.

Coolgardie.

WILD-CAT COLUMN.

SVDWAY, Novembe, zid.

The "snare and shock" market they call it in

· Governor Brasscy's molto i "Often In a fix, never in a fork."

་་

A big tonnage mlec—the Golden Gate, Tas. ; 544 10, 756 of gold!

The Australian press cable combination means Extension Co. a yearly loss of about £15,000 to the Eastern

lu a little over a month 36 Wesiralian minlog Co's have been floatedis Adelaide, with aggregate

Teking my contention for what it is worth; Mines, dated 2nd June, 1893, that Messrs. Jomal capital £69.250, Whittall & Co, obixined £19.556,5 from sharë- holders, which represents "a/6 per share on 156,450 shares and whoever farmlabes the balanco sheet shown an expenditure of £15,276.19. 4

Sir Henry Parkes Erst became Premier of N. S. Waler in the year his latest wife was born on a farm in Cavan, Indland.

for Interest amounting to.............

$1.33. 5. required to make the figures...... 16,528.12. 9. in faadmissible, slace the New` Imaris Minës started upon the distinct understanding, or pledge, that all new money subscribed should be devoted to working the Mine and not towards paying the Old Company's debts.

Mr. Whittall raised..............£ 19.556. 5. Di and spent.......

15,376.19. 4. Balance in hand........£ 4,279. §. 8.... and on the other sida “of the account are receipts from

Transfer fees odomet

72.17.0.

*£ 6,591.13. 9.. where has this money gane ?

There is an ftem £1,377 4-3 for brokerage on abares. To the knowledge of shareholders in China the New Imads Mines did not, nor could It, traffic in shares and though Mr. Whittall and

Bowler: "Ten."

9. A. farmers are agbant at the dryness of the season, and unless ralo comes soon and generally the coming harvest will be woefully light.

N.Q. cricket-match. Bowler, appealing: How's that Papire (decidedly): "Haut."

How many Is he ? In Melb. shop-window: "ToLadies-Classes now forming for single teaching of the Gospel to the Chinese. Early application. Apply within." It is not thought there will be any trouble in raising the Crocs necessary to take sculler Stanboey to England rad cover Harding's stake of

The Brilliant, Charles Towers, gxin to the fore—third div, and third bonus, £6,500 for the month. Undoubtedly one of the mines of Australasia.

The unspeakable carapasitor sometimes strikes a great truth by accident. Hlu latest irony is

We lead and composition follows! AR A headline for a draper's advt.

The 20 rounds in London between Dan Creedon, of Melbourne, and Frank Craig, "the Coffee Cooler," ended in a draw. The fight was awarded to Creedon on three points.

The first Act of Parliament passed in Australia was one making promissory notes

was in vogue

The Sydney building and investment societies continue to reconstruct with beautiful unanimity yet somehow the general collapse is sa peaceful that it hardly attracts any attention. The latest announcements are that the Australian Mutual Investment Co. and the Town and Country Land, Hallding and Investment Co. are about to consider a schems of arrangement with their society is almost as regular in iustituilon within the last few months as Queensland's weekly leper or murder-by-Kanaka.

Governor Brassey's aide-de-camp caused quite a flutter in Victoria Cablaet circles, a day before His Excellency anired, by solemnly sonouncing that Mr. and Mrs. B. would be much annoyed If their name was pronounced Brass-ay. "The correct pronounciation, la Bra-ceyhis lord ship is really most particular about it—not Brass-zy on any account, if you please." So the in front of leaking-glasses, and woke their

whole Cabinet took to

#Bra- probouncing

wives up in the night by saying “Era-cey" In | Independent of their somewhat ladolent and | w'sdom and good feeling which will ultimately savage character, the geographical formation of determine this matter."Not all, Justice Field. the island favours toch a condition, the east | It will be Zack of wisdom and good feeling which coast-belag bizh, rugged, fever-stricken, without | will determine the fate of the Empire. navigable rivers, and totally devoid of good

cey

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their sleep. The ex-Chairman of the Railway Board-Jadge Casey-in childishly delighted af the discovery that he is the only truly great man in Melbourne whose name rhymes with that of bis Excellency 1

Twice last week, in N. S. W, District Couri, Judge Moray fixed 8 per cent, per an, as the legal interest on meney due. One of the cases was a litle remarkable. A foncler claimed 69.10s. for mooey lent, bat adding to this sum the laterest sccruing in 11 months he made out a gross claim for £246 141. 65. Compassion for the debior, or a desire to bring himself within the sphere of District Court law, induced him to knock off £50-"I make a present of it," he said thus reducing the amount of claim to rob 145. 65, Jadge Murray gave a verdict for £59 10s, and awarded interest at the rate of 8 per cent, per an. for the 13 months-or about £75 in all. Eight per cent, may be a dealsable figura, but why does the law permit each Judge to establish a figure of his own ?

"During the last five years,” says the Brisbane Courier," £19,000,000 has been added to the railway debt of Australia, involving an addition to the annual interest blil of £660,000 a year, while the gross rallway earnings have increased by only £51,590." Almost all railways which the present population could find work for were built by 1890, and the lines constructed since then bare, al's rule, paid neither Interest nor axle-grease. Yet Queensland, which has than any other country on earth except, perhaps, slready more railway in proportion to popalation Westralia, and the worst rallway deficit on this continent, is going to construct ten more linat shorily. But, as Premier Nelson says, "the compensation will be heavy "—and some

very badly Indeed.

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COMMERCIAL NEWS.

HONGKONG SHARE MARKET.

Hongkong, December 7th. Mr. Erich Georg to his. Weekly Share List issued at 11 am, to-day states

There is very little change to report and business has been comparatively small.

harbours by which ready access to the native might be obtained. The west or commercial coast Is low, and shallow, surrounded by dangerous shops, and nearly as badly off for good harbours as the cast coast. Again, the contiguous seas are frequently swept by farious

typhoons, which, taken with a lack of harbours might well constitute. Formoss anything but a valuable acquisition compared with the grand natural resources of Japan and China. . In 1840. before Hongkong was ceded to us and when Formoss was simply dependercy of the neighbouring province of Fabkien, the whole island might have been had by Great Britain for the siding, but Admiral Elliot, as conductor of the naval war, was too well aware of its delects and fever stricken jangles to seriously entertain such an diss. Moreover, it was known that earthquakes weib not at all uncommon, since la 1782 there was one which completely changed the whole MAXINE INSURANCE SHARKS.-A few Unions outline of the coasts.

have changed hands at $200, and shares are The Treaty ports of Formosa consist of Tam-wated at the rate. China Traders sold in small the north and Teloan on the south-west Tots at $734, $734 and yz8, closing fairly steady at coast; they were opend in 1864, but being much $73. North Chinas without business. Yangiszes 100 shallow for European shipping. Kelong was have been done in the north at 8120, and are made a dependency of the former and Takow of wasted locally at $110. Cantons have improved the latter.

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BANK SHARES.-Hongkong and Shanghals have ruled very dull, and the only sale I know of has been of a small cash lot at 181 per cent, prem, at which rate the market closes galet. On time, shares are wanted, both locally and for the north, bat, stated "already in my last cliculae, the offered rates are not tempting. The London rate is Leo. A few Nationals have been done at $18), but shares might be obtainable at $28.

sale at $rga) is reported, at which figure more shares might be placed. Straits have been done at $25 and $348, and at the higher rate there are sellers, à sale at $ash for 31st January, 1896, has been arranged.

LONDON, 21st. The death is announced of Rustom Pacha. VIINHA, November 201h. the Order of the Crown of Franz Josel on Statio The Emperor Francis Joseph has conferred

Packs.

LONDON, November 21st. The Bishop of Newcastle has been translated to the Bishopric of Chichester.

SHIPPING ANd mail news:

MAILS. DUE:

American (Peru) toth fast, Australian (Changsha) 11th last. French (Sydney) 12th inst. Tacoma (Handow) 15th inst. English (Katter-4-Hind) 18th inst, American (Coptic) 25th lost. American (City of Rio de Janeiro) 17th inst.

THE P. M. S. S. Co.'s steamer Piru, with mails, etc., left Nagasaki for this port at 4 p.m. yesterday.

THE Canadian Pacific Railway Co's steamer Empress of India lelt Yokohama for Vancouver this morning.

THE D. D. R. steamship Greda, from Hamburg, left Singapore tor this port to-day, and may ba expected here on or about the 13th last.

We are informed by the Agents of the Austrian Lloyd's S. N. Co. that the Company's steamer Vindobona left Singapore for this port yesterday alternoon,

Wz are informed by the agents (Metara. Dodwell, Carlil & Co.) that the Shire, Ling steamer Glamorganshire left Singapore for this port to day' and is due here on or about the 13th last

THIPPING RETURNS.

ARRIVALS.

Mr. Boumia are credited with having made that the common form of I 07. Before Influential people want föst heavy compensation miles from the river's mouth, is a walled sold in fair quantities at $88 to $87, and a low | Talsang waster

£20,000 aplece out of "those fools in China" they cannot, either at law or in equity debit the Company with brokerage.

There are assets of the Old Company in Mexico.

Raffrond....£13.118.18. 2.

Mill

laenaema 16,837 4 1

In London, Concen-

trating Plaut... 6,486 18. 3. Wagons, &c.... 563. 1. 7.

and of the New Co,

Ratiway Mil.............act Stores, Sonora ... Cash Mexico......

Cab London...

-£46,011, 2.30.

763. 4. 5.' 2,095, 2. 7, 1.47. 5. 6.

412.17. 5. 3. 0. 8.

Debtors (somewhere) . 86, 1, 0.

-£ 3.561.11. 8.

Place the Old Co.

Auscia £46,011..2.10.

Against the Old Co. Liabilities .....

37.187.18. 2+

And the New Co.

Asets............ 3.561.11. 8, And the New Co.

Cash.............. 6,591.13. D.

and treated as a mere reminder of honor.

Age editor Windsor is a vegetarian and a homeopathist. He writes a microscopic band, four of his letter-pages making one-and-a-half

538

The United Insurance Co. maintains its and up-to-date repulation as a prosperous institution. The fire and marine premiums and interest for the year ended 10th Sept. were loader-colomas. His ans vice li billiardu, *.

It must be most consoling to shareholders foror 802, and the net profits to 668. A sum Bayley's Reward to know that the "oll-engine of 49 141 was also brought forward from Sept.

£0.528i is working splendidly. But where is the all 1894. A 12k per cent, dis, absorbs with which they would like to grease the palms 4750 goes to reserve, making it £52,000

to the land to provide for ordinated losses of their hands

Vic imports for the art sine months of gemaking it £5,000; £316 written off furnitures WOTO £$50,000 MUKA and the exports £670,000 more than for the c^responding period of '94. Another evidence that the distressful province has "turned the corner,"

A retail grocery firin, whose heads are lectotal Ughts, has a spirit-licence for one of his shops Orders for the accursed stuff" can be taken si any of their other shops and sent." Thus do we compound with conscience.

One or two of the Calgardle mines are still miking diva, by water-selling. The chance of divs. for a lot of others won't come until money can be made out of air-selling. There are a lot of

wind-mines splendid

out West 1

At a meeting of the Vic. Freehold Investment and Banking Co., shareholder "They call 22 Angtraliant bank-thieves at Home. I have

591-13.10.153-48 recently come from there." Us Australiansolo

against the New Company's ni), and ti hídica iz Ballarat and Bendigo-mines are

· rigist in the liquida-

to conceive either reason Lor making a further call of 3/6 per share upon being groomed up fer J. Ball Exchange gossip shareholders, except and unless to pay off the Old Company's Háblllile», which is a distinct breech of engagement.

Tike

1,000

Insurance Co. bas more different varlettes of £9,214 is carried forward. The United reserves than any other that The Bulletts Is acquainted with, and when the reservefund and the re-insurance reservefund and the reserve for unadjusted losses and the reserve for equalisation of dividends and the rezerve for depreciation of investments are all added together they amount to £81,500, which is a pretty solid line of defence,

The Argus, under a big beading about that Coolgardle fire, stated that the loss was £250,000 The items of this sum were not given, but can be supplied by any local man. It is not generally known that most of the buildings busat down were hand-painted by old masters. Titan's pleture of Moses and the Boli and Bear Rushes was by himself of the

TAMIUI-Though this post was and still is much frequented by smsil juals, it yet remains little more than a fishing villago at the mouth of a small river with a very poor harbour, having a tar of not more than six or eight feet of water, open which a farlous surf breaks during strong lads. The commercial port, some tea

cily called Tal-Pel-Foo, between which and Kelong there has existed a vefllway sloce 1889 the latter being projected, if not actually finished, as far south as Tainan.

KELUNG-This dependency of Tamial is on

north-east

coast and has the advantage of deep water, of being effectually abeltered during the south-west monsoon, and of belag situated in thechieftea districts of the island, although before being accessible to large vessels it will require considerable dredging, and some sort of a break water to shelter it from the north-east, to which

is entirely open. A

best, Kelang is not a large harbour.

SUAO BAY is on the east corst, some 40 miles south of Kalung, and is the only solitary port there over a range of 100 miles of shore,.. It has from to ro fathoms of water over one squara

the

good

FIRE INSURANCE SHARES-Hongkongs sold at $2528 to $260 and famber lots are wanted both locally and for Shanghal Chiass have

more shares are wanted at the latter rate; Shaoghal has been offering 388 for March delivery, without f-ding sellers,

SHIPPING,Hongkong. Canton and Macos found buyers to a considerable extent at 8358 to $36 for cash, also at 336 for 31st December, and at 837 for 28th February next. A small cash lot has been done at $161, but at that figure further shares are on the market. Indo-Chinas changed hands at $57, $361, $56, and 8571 for cash, also at $50 for 31st March next, closing with cash buyers at $57, and at the above, time rate. China and Manilas have improved and asale at $70 has been effected. Douglases have rated weak, and shares have changed hands at $55 and $54. China Motants are lo demand at quotations.

REF NERIES-China Sugars bave improved, and sales have been booked at $109, $110 and $111, the market closing strong with farther hayers. Latons are on offer at $60.

market

נו

H

Kobe.

*

Swatow.

18

Bangkok.

1

From-6pm yesterday to 5 ́p.m. today. Loksang.......................... taamer, from Chinklang, Maria Valerts ...

Devawongst us Lightning.......... Actly an Osaka Trios.... Hohenzollern Namyong, ...................... Tatarios Amigo..................

Allee Mary barque

Singapore,

Halhow. Whampon.

Saigon.

Japan.

"

T

Singapore.

#

Samarang.

"

Ang Hin.

1

Warmpol,

Aggregating 17.463 tons, register.

DEPARTURES,

Teriodale........ ...........steamer, for Singapore.

"

| Chabarovsky. Bisagne Libert Michael Fabien Boynton Lysemoon Tran................. wangles.... Hotkowina, Daphne mi Bagalkors.......... Matterkers barque W. H Talbert...........chooner

* only the legal aspect : cas or does the i succasufal Britishers will own some of the bear flaminated on it with enung mines regulations / Maring five months of the year is always unchREFUL, New Balmorals found buyers at sa. Bright encas

Liquidator say There are so records of any wach understanding as mentioned between Mr. Whittall and the New Imuris Mines, and if abareholders cxese into the reconstruction under such ballal they hara bren 'sald ' or 'swindled? and must accept the consequences ?*

The Old Company left off with a debt of £37.184.3.8 which the New Company is s to treat, thus pay out of money subscribed for

uskai

credits a wealthy syndicate with being the "string pullers." Kia long, if operations are

things on these fields-best!

the nameri

all the reefs within 40 miles were melted and

19

"J

n

77

n

1 Slagapore,

"Singapore. Totron.

Katchingtat Canton. ". Slegapore.

Canton,

» Shanghai.

"Shanghel,

1

11

Thus the Stralle "Times of 29th ultime

and Whampoa Docks dropped to 146 per The German steamer Deuteros has had to

but have recovered a polat since,

return to Bangkok from a coast port, owing to a collision with a lighter. She will have to repair before proceeding further.

mile of area, but being qulie o en to the south east is decidedly unsafe daring the typhoon 1811013. Itw chief importance lies in the fact that considerable coal-beda exist in the vicinity, MINING SHARES.-Punjoms have advanced in the seams of which have been worked more of public favour, the result of the November crush less since 1888 by native labour under European ing being favourable, giving 'soo ounces of gold

bip .. New York. "New York supervision, but Chloese official stupidly and from 1,000 tons of ore treated. Just before

"San F'clico, Aggregating 10,194 tons register. district coupled with the deadly malaria of the receipt of this news shares changed hands at for the coal is of acknowledged fair if not actually put the rate up to $6 for ordinary shares the distries, have very much told against its success, $4.90 to $5, but a good demand for the stock

HONGKONG AND WHAMPOA DOCK RETURNS. Trist ......................................... in Kowloon Dock, closing somewhat quieter with small cerated from theder. When the galvanised this the slippage ons of Vaison-team about one and can

"AMPING-SI vated on the south-west coast, sellers at $6; preference shares have beora

quality.

Kuan Zin be placed at $1.60 par Iron was melted by the heat, it flowed ilke s

Daphn two miles from the sea. It is simply open | lava river and completely spotted two Corregios and a Rubens on an adjacent slabbui

roadstead amongst vast areas of sandbanks, printed the Miting Manager's Tapert for Nocolat............. Thi

where the shipment and discharge of cargo the month of October. Charbonnages are

Jacob Diedericksst...... item alone accounts for £100,000. The

Thes

the Tree, with the existing

" Cosmopolitan attended with considerable riski

but close weak

"Aberdean I hear that the sale of the Marii Birgu... and sapphires, wAS

TAKOW-Is the only southern port avaliable ||"!! Eureka Mine to the "Oliver's Freehold also destroyed-ikis meant £50,000

Admiral Buller left Ingapore in the despatch- 0,060 2005 bung, for voniais at all seasons of the year, but here Company" is almost fixed. Jelebus have boen N.S.W. Premier Reid's determination to give The local groceries were valued at £75 35%, and also is so awkward bar covered only by 15 or 14 done in small lots at $5 and Sat and a lot of and will probably spend some little time la boat Alacrity for Sandakan on the goth.altime, an extra day's work at the the married unemployed allez-day at 13, 6d, that 33. The balance of the loss is accounted

drapery bort can't be put at a penny less feet of water. The harbour is entered by a chasm | Rands has been forced off at $34 por share, at

North Borneo. solely Lowards

in the land tore than 200 fest broad, open- which rate, however there ATO father buyers, for by the fact that the land Coolgirdle stood * paying rani," is good news for

on was also barnt up, and the gold coplepte of enough...niza shallow. The Chinese have cont prany

ing out Inte magniscent Lagoon expansive the landlords. When, now, are the butcher and

Sezonim odate a hundred fasts, but kan, WHARVES AND GODOWNS.-Hong- ; baker te be treated similarly

Tole v. Bookie. At the recent S.A.J.C. spring ran away into the centre of the earth, Further, long talked of dredging this harbour, but the with small sales, Hongkong and Kowloon meeting the Derby candidate, Auraria, paid 20s. large quantity of valuable typhoid microbes

balk of the work still appears to be waiting for Wharf and Godowa Company's shares have on the tote. The krakles declined to accept tote was completely destroyed, and at least 155 the more progressive Jips, who may possibly ruled weaker and there are sellers at $48, and Commissions. "No maner Auraria" being the reports by mleing experts were combusted. One determine to spend £50 000 on it after they have no buyers over 347 to 947). In Wanchais and cy. Showing what a nice chance the public weatherboard office contained the reefs of 40 effectually disposed of the fa-foot bar at the Amoy Docks nothing hasi

kaz transpired. would have had to gut on at 6 to 4 had thera | distinct mining leases ; no trace of these reefs

LANDS, HOTELA AND BUILDINGS.-Hongkong entrance. Tang-Kong and Kok-Kong on the can now be found. The total loss must be near been no machine.

same coast ara shipping ports for Junks only | Land luvestment and Agency Company's shasca hulk alongside ike Saksa Shoal will be replaced —Suggested in England that the 1896 Australiana5 millions.

and scarcely worthy the name of harbours.

owners at $68) and changed owners at As the birden Cout li the worst in all India, | quieter with few shares offeries Company's visible all round, with a range of 13 miles. TER «

$69. team should be managed by the Marylebone

closing rather The N.S.W. Legislative Council ban hurried

at the lower Clab, "thus removing the objectionable gate through a Bill to permanently establish so is this of Formosa throughout the whole rate. Kowloon

on Land and Building money siement

associated with the reconstruction principle. whereby the range of the Far East, North of Anping there shares are obtainable again at $16. West

ars vast sandy fats extending from 3 to 7 miles Polat's are in demand at $19, bz. kelders refuse lighthouse on the Salian Shoal consists of a are audited, but that only means they are a trus

Kum! No more gate-money, no móre Australce- dend, and postponce Im

for from the 'copy of the books kept by Messrs. J. Whittall

ten years or so, and, goes on sale as if none, be land, covering an area, in two cases to accept that rate. Hongkong Hotels continue tower, aurrounded by the keeper's diseas

square miles. Thus between

weer in demand, and $20 has been paid. A small house, reaching to within 18 feet of the lantern. Co, Were the accounts, and necessarily ika A cable boycot in the fafcial trouble is nothing had gone wrong. What will happen to Tamacl on the north and Takaw on the south, lotof Humphreys Waistc and Finance Company's

have alluded to and take exception to establishing the nas Sydney Cally, stating in in the Assembly is still doubtful, but the Labor there is not so much as que pingle place of shares sold at $94, and father shates can be SCOTT'S Emalsles of Pere Cod Liver Oil with accepted

by shareholders, and when ? Was the

vote ngalast 14

Hypophosphites is especially adapted to all Sill, there are many pelther of these two are avaliable for European subscribed

for working the Mine, agreed to by service would cost the projected Journal many

communication auð divide the cost. A special good

with sales and sellers at $17. A. S. Watson & from isability to digest and assimists ordion shareholders and when?

la is based on equitable principle; the mischief the well-known Rescadoras Group, enclosing 1

based on

any.... karbown bearly as commódious as Sternship Co. reports a preft thing resembling equity, The first essential

Ferkoog Electric Company's shares found buyers such cases. They restore the wasted: tantes, for the half-gent, and as the div, at viso is that, before co. gets permission to strategical purposes, however, this post, Pong at $6.60 to 361. Geo, Fenwick & Company's create an appetite, make new bloed, heal the £1,974 101

Co coate Absorbe: £249 the rate of 8), par tot borse of than it was then inte la aflato by Dhale appolates cucials, malum gebers of Formoss, as well as good Hongkong Brick & Cament Company's, sharps increase the flok. In short they to the ground reconstruct, there should be investiga how,gmigba be made of vast service to the hater are wanted at $19, but hald for $id. fflammation of the threst and lungs, and ad the beginning remarks about the and the State auditors report that it is capable: Kainous of refogs for kalps or junks dinghi in a changed owners at $ój and further shares could cambined food and medicine that can be give landvitability of paying $1 per cent, when the of falelling the proposed arrangement, whatavari, typhoon, for it has no less thum: three separate be placed. Campbell, Moors & Company's the lavalld. Any Chemise nam supply it. Howe proste atdowns to less than 7 per cent, are held 1 that may be, and that arrangement la sosented entrances from the north, south, and aunt' shares are in demand at 83, but Bell's Asbestos · Arants for Hongkong and like Empire istes les want of PROSTE

bu by a majority of the grodlen, then is send respectivsty-Fairplag

168 be procured a $10 pa samm The loen Chien tuTY MIROU O Qty Honganj

working the Mice.....

Leaving to pay......................... 30,592.10.8 Pay Whittall Interest ...... 1,351,13-5 Cash, Stores, Debtors......

754, 4-7 £32,518 8.0

£3959210.8 is clearly a dent of the Old Company. How is it made up?

Agals, who passed these accounts? They Austan tesmanland # Monlectionable" burled company, may rise from the financial

Kems

play. No mora jolly hallelujah!

"It is notified by Capt. Crauford, the Master Attendant at Singapore, that ou the rat January, 896, the temporary light exhibited from the by a revolving catoptric light 60 feet above high water, showing a bright flash every 30 seconds,

dienosal, as disclosed therein, of the new money i otkaz, are glad to combine for ikele cable soild fois about the reconstruction ides, il | vessels, Soma 20 odd miles from the const and Company's sold at $1zł and $13, and at the'? food. The combined virtues of Cod,L

› Hilles, though they publicly hate each members, At.all events, will probably give a | shelter, and, as has been already painted out, ple+CELLANEOos-Gices totdents wesker conditions where the tissues are wasting awEY

have under the following heads, ma cost thousands more than, people. Care is tris. With. I so far is that it hasn't been stal pro- but not fall (00::open to the 5.8 Wang, latter rate a few shares are potainable. Hong-; and Hypophosphites produce a marked effect in

We'

of the

The Kines!

Purchase price.£125,000.

-Expenditure.............

33,471.10.

Mines COLO 14,598,13, 7, Minta

ま

La11,006, 8. fi

The

•

of

the

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