1904-10-08 — Page 11

THE HONGKONG TELEGRAPH, SATURDAY, OCTOBER 8, 1904.

WITH THE BRITISH=FLEET

IN NORTHERN WATERS,

(From Our Naval Correspondent.)

BUXING IN THE PLEBYZ

8267

· Mr. T. Welt proposed, Mr. W. S. Jackson seconded, and it was carried nem), cos...

That as soon as the sale of the Company's pro,usly and business to such new Company has been completed the present Company ba wound up voluntarily.

This resolution had already been carried be

the poll, and vi Mr. Tr Weir proposed, Mr. Marcus Wolff seconded, and it was carried nem, con.

That the Board of the Company be and they are hereby appointed Liquidators for the par nosal of such winding up, with power to divide butories in specio.

SPORT AT WEIKAIWEL,

A very pleasant little ceremony took place at

(From a Correspondent,) the new offices of Messrs. Shewan, Tomer & Co., this morning. They had moved from

At Sea, off Weihaiwei, 27th Sept.

Weihaiwel, 28th September. their old premises to the new ones in St. George's Building, and the old time-honoured Coal dust has been filling the air for some At eight o'clock last evening there was mer English custom of a "house-warming" was weeks past, the collier Mercedes, which, by the riment on the Glory, a boxing tournament hav observed. The principals of the firm were way, may be considered our special vessel, having been arranged by the sporting men of the there to receive their guests, and under the ing arrived and making a busy tinie in the squadron. Capt. T. L. Shalford, R.N., illed benign influence of a generous supply of bunkers. She is off shortly for Yokohama the post of referee, and a capital official heGriffiths showed that he, likewise, had good and International Docks at a valuation for the assets of the Company among the contri

andreturns with another load early next month,

made by encouraging the men to show their To give some idea of the work put in the fol- best form and seeing that the competitors lowing retums are forwarded, Vice-Admiral broke away clean. He was the right man in G. H. Noel concluding the report with the the right place. Everyone was kept in good words, "Amphitrite swept collier; coaling of temper by silence during the progress of the Albion and Vengeance very creditable." rounds and fairplay was evidenced on all sides. Capt. Bidpford and officers of the Glory were among those present. It was noticed that J. Morgan, of the Vengeance, the present heavy weight champion of the China Station, and Halligan also of the Vengeance, the middle. weight champion, were at the ringside second ing the off-side corner. The judges were | Liems. A. S. Cautell and J. M. Smith, of the Royal Marines, the latter being gymnasium

champagne all were happy.

Mr. Shewan the head of the firm-gave the only toast. He had evidently remembered the old axiom that" brevity is the soul of wit," for be mere merely said, "I give you the toast of the new offico, gentlemen. May it be as successful to us as the old one. We are very pleased to see you."

It is needless to say that the toast was drunk with acclamation,

The new offices of the Company are much superior to the old, and the opinion universally expressed, was that here was a good place to work, for the premises were wide, long, lofty, and airy; and the guest who knew the tiny capacity of his own working place felt envious of the building he had just left.

Over a hundred guests attended the "house warming," amongst them being the Hon, Sir C. Paul Chater, Mr. ]. R. M. Smith and heads of many of the leading firms and companies in the Colony,

STOWAWAYS

AND THEIR ABETTORS.

ARTFUL DODGES.

gth insi.

Ship

▸ Tons

8 taken i

Average*

mot ni zz 888

n

0

13

11

» 25 » 700 100 8 髒 45 950 108

Thetis ...... 7 Sept. If his. 30 Glory 9 Ocean...... 9 Albion......13 Vengeance 13" Centurion 13" Cressy Amphitrite 14"

45... 600 134

6 13 23, 454

5 11 PRIZE FIRING.

"

26

officer to the fleet.

CLOUSTON, GILL

The Chairman-That is all the biasiness, #gentlemen. I hope the result will be success

ful and thank you for your attendance.

The meeting then ended.

A CRITICISM.

Following is a letter printed in the M. C. D. News on the 26th ult, above the nom de plume of * Enquirer"

well and finished well. Both men fighting all for your co-operation before any, agreement is the three minutes of each found. The verick | entered into. The Articles of Association en was giten to Davison

"able us to enter into an agreement, but in this. INNANGGRIFFITH V. CURZON.C case we decided to have your acceptance of the The concluding event of the programme was edition before entering into anything defioita left to Griffiths and Curzon who, by the manor binding. It is proposed to make the nominal ner in which they opened the first round, capital of the Company £1,200,000 sterling; any showed that, business, and business only, was

more money which may be required" will before meant. They appeared quite fit and go together: raised by debentures in London at 5 per cent withogally unnecessary palavering. Cupper annum. After the sale of this Company to who was distinguished by an eagle tattooed on the nere Campany, it is proposed to form an- his chist, swung savagely with the right, and other Company to take over the Old Dock and 'a portion of the land hetween the Cosmopolitan intentions with his right swing. He always wharf and godown accommodation, You will fouled the mask, but succeeded in stopping be made acquainted with all much proposala some of the worst. He mixed it up with his

later on. We understand the proposed opponent, but, alas I it was not to his benefit as he went to bis corner rather groggy on time London Board of Directors are people of being called.--and Round. Curzon led, and after financial standing: it therefore seems ob the first exchange, Griffiths failed to reach vious they would never go in for such an him at all and was dazed. Griffiths bucked up undertaking without a prospect of getting and tried to lead, but was easily countered, holders are masters of the situation and will something out of the transaction. The share- and a straight left from Curzon, delivered on the diaphragm, doubted him up. His hands always have the same power they have hitherto dropped and he went on bis knees, but strug majority of the shares. The Directors who are possessed, providing they continue to hold the gled to his feet, and, although to all intents and purposes, he was liable to his coup-de-grace, largely interested in the business are not likely Curzon did not deliver it but stood watching to sell the undertaking which has proved such his man,' until Griffiths' seconds took him të

a valuable investment to them, without being

out, with both men ön their feet,

The shareholders may therefore feel certain that everything will be fully considered before Atsdine future date Devison, who won the sixth event of the evening, and also looks

the agreement is signed. The conditions of light heavy-weight, may meet Morgan, of the the purchase are that the management in Vengeance. Certain is it that we could do Shanghai remains the same as hitherto, (Ap with many more evenings of a similar charac-plause.) There are two other points we wish ter as the one on Monday. All present enjoyed to call your attention to. The first is after increasing the capital you are still within range fighting witnessed.

By extending the business you are in a posi: tion to increase the caring power and if the wharf scheme is carried out, it seems to us, the shareholders should be in a very good financial position. Although this is brought before you for acceptance, it is by no means "un fait ac- compli, but we have no reason to suppose the 16, but the actual market, or investor's valua parties with whom we are dealing will with of the paper, will depend entirely upon the pro- draw. We regret we are unable at the present portion that this bears to the capital of the pro- to give you more details, but these will be proposed new Company. No doubt the capital of vided later on. Before putting the resolution the old Company will be less than that of the we shall be pleased to have your views on the subject.

Sir,With reference to the meeting called by the Director of S. C. Fambam, Boyd & Com Ld, for the 26th inst., it seems to me that the circular requires the very careful consideration

bis comer. Curzon got the verdict on a knock sure of the benefits to be derived therefrom of all who are interested in the Company.

Circular that nothing in the form of an offer It will be observed from the wording of the has been received. This means that under certain conditions a proposal may eventuate into something, as to which the shareholders are entirely ignorant. I append below various details which it would be to, the interest of al shareholders to take into consideration before moment of a certain value, for a return the value of which is undetermined.

believing that a good average was maintained. closed in his favour, both being slightly blown themselves and remarked upon the game of dividends from the present earning power they vote away their property, which is at the":

}

The first bout was a three-round contest between Stoker Clouston and Stoker Gill, operations commencing lively with both The ships of the fleet have now completed men working hard. The round finished with their light quick firing prize shooting, with a strong tussel, but upon getting together on 1, 6 and 12 pdm, and although the results have the call of time Clouston took the lead. not yet been made known there is reason for Although countered several times the round It should be pointed out that this class of prize but up to the mark. On coming from their firing is for each individual ship and is not corners for the third time they were up to the quoted against the other vessels. On the scratch and sailed right into the business. morning of the 19th the fleet steamed out from Gill assumed the offensive which, had he kept Weihei, as we term the three-barrelled name, it up, would have brought him equal on points. to carry out battle firing, but went through a in the second minute of the round he over. series of mancavres appertaining to engaging areached the mark and got a straight left from fleet in action, followed by towing target prac- Clouston which put him in a somewhat dazed ice for captains guns and sight setters, with condition. This blow was quickly followed, common tubes. In this latter exercise the and the bout, which proved a good contest, fleet, in two parallel lines, steams over a ended in favour of Clouston, and gained one course oval in shape. Each ship tows a target of the three prizes that had been subscribed. which is fired at by the vessel on the opposite side of the line. It may thus be termed a preliminary course to battle firing in earnest when full charges and projectiles are used. This firing would have been carried out on the 19th had not the weather been rough with pretty high winds which, of course, the targets, with a large amount of canvas exposed un them, would have been unable to withstand, Upon the completion of manoeuvres the feet went into the westem entrance of the harbour and anchored pending better weather. Smaller targets bave been laid out and small gun prac tice and cannon tube is being carried out.

NEWS FOR THE NAVY LEAGUE.

LITTLE V. MORLAND.

ROGERS, * WILKES.

CHINESE QUACKERY,

THE NEEDLE CURE!

5th inst.

question. We are called here to consider a Mr. Geo. Butler-I should like to ask one certain proposal; do I understand it is a de- finite offer?

A Chinaman walked into No. 7 Police Station yesterday and stated that he had been subjected to treatment by a Chinese "doctor" for some unknown disease, which he was frightened into believing he had contracted, and that he was suffering from a sore neck in conse. The next pair to don mittens was Little, quence. Inspector Collet immediately investi On the suggestion of Mr. Weir, a plan show A.B., and Morland, Ord, who stepped into the rated the matter and a strange tate was unfolding the proposals in regard to the land between ring for a three-round ye. They got together walking along Des yeux Road wherst was the international and Cosmopolitan Docks was was done on both sides, although Morland Chinaman acensted him, and told him he was plained it. on the call of time and plenty of rough work when a strange hung behind the Chairman, who briefly ex- showed the best form in the opening of hostili. looking very ili; that he was breathing too ties. In the second set to Little came in for a quickly, and that he must see a doctor at once. drubbing and gave signs of giving in, with the The man was scared out of any poor semblance result that after a few heavy clumps found the of wits he possessed, and allowed the "good decisión given against him.

Samantan," as he believed him to be, to take him to a "doctor" The latter told him he very illandhis quick breathing must be stopped, In order to do this he took an ordinary sewing needle and rap it into the hollow part of his patient's neck, up to the very tip. He then gave him a bottle of medicine and told him to take that, and when it was finished the needle would come out. The man was then asked to pay $30 for professional medical services," which he scraped together land paid. Finding the needle did not come out after taking the "medicine" he went to the police station and reported the o currence, then went with him to the house of the "doctoring

Inspector Collett and upon le rang the cause of the visit, the pulled the needle aut again, and then told the latter rubbed some powder on the neck, and An that as he was not satisfied with his treat. ment he could have his money back, and re- turned in him his $2.35 At the hours of the "medical practitioner a number of medical works were found, but no certificate, diploma, or any kind of super licensing the man to practise medicina. This surely requires investi. O. Arbuthnot, seconded:

It will be remembered by our readers that, on the last voyage of the s.s. Taiyuan for Australia, leaving this port on the 30th of July last, and when one day out from here, seven stowaways were discovered on board of her hidden away in the coal-bunkers, and on sight ing the Tainan, bound from Manila to Hongkong, the stowaways were transferred to her and brought back. They were charged and sentenced to nine months' hard labour, by Mr. Gompertz. The sequel took place to-day, when four firemen from the Tatywan were placed before Mr. Kemp, at the instance of Inspector Langley, and charged with unlawfully aiding and abetting the stowaways in obtaining pass ages on the steamer without the consent of the

· Captain or owners, and without paying for same. They were all sentenced to nine months' imprisonment with hard labour, the stowaways having been brought up under

The third bout, between Rogers and Wilkes, writs of habeas corpus to give evidence against

was full of interest, and although the former them. But against the r.ogleader of the abet-

bad the slight advantage of reach he met with tors was a further charge of impeding the pro Whatever opinion may exist in some quart a stubborn defence and continually countered, gress of the Tafywan while at sea. The case ere regarding the efficiency of Great Britain's the judges having to be unusually smart in re against him was that on the tat inst, when navy there is no fear of the China Squadron cording points. Several of the blows delivered Bearing Hongkong, he instigated a fireman on getting rusty, as the Admiral keeps the fleet should have speedily finished the bout had board to raise the alarm that he bad fallen on the move and, what is more, expende but they been sent home with sufficient force. overboard, while he actually went and hid in & small quantity of coal during the manoeuvres. Rodgers led and Wilkes clinched at close quar- the coal bunkers. The alarm was raised, and The latest telegrams of the war are posted up,ters, but breaking clear they continued fighting the cry of "man overboard," caused the captain and when the Telegraph comes along it is read hard until the call of time. In the secand en to stop the vessel, lower a boat, and search for with vidity both by the upper and lower counter Wilkes 'hucked-up,' and led with the the man. In this, of course, they were unsuc decks. However, I am wandering from my right. In fact, both men, at this stage of cessful, and after a while the boat was hauled subjec, but may be pardoned for the digias the contest, appeared to have fost sigt ol up again and the vessel proceeded on her way sion. On the afst we carried on battle firing, the fact that Nature had provided them to this harbour. But the captain was not alto which, as you will bave already gathered, is in with a left band which could be put gether satisfied me to the genuineness of the reality a rehearsal of what actual warfare would to good account in the exercise of the alarm, and so before entering the port, he perhe. The targets are laid out, and the ships do-

noble art. They used the left for feinting or sonally inspected the vessel and after a lengthy ing the firing are led by another vessel, which tapping and confined attention to the right search found the "lost man" calmly enjoying is meant to indicate that the ship firing forms which they endeavoured to swing to advantage. a dolce far niente in the inky darkness of the part of a division of ships. They are manoeuvred Roger sent one in with the left, but failed to Qual-buukerarie and bis "alarmist friend by signal and led by the vessels ahead. The set home, and Wilkes, taking the oppertunity were sentenced to another six weeks' hard la conditions are that is much time is allow afforded, landed a heavy swing on the head. bour without the option of a fine. Captain ed, according to manœuvre excepted, the with the right quickly followed by a left half Dawson, of the Tatywan, pressed for the max- range has to be judged by the ships firing, to swing. He continued the attack and both men imum penalty, as had the men got to Australia gether with the deflection wanted. The fir

got decidedly mixed, only breaking clear as and landed there, he would personally have ing is usually started by a few single shots time was called, when Wilkes retired to his been liable to a five of £100 per head, or £700 for the purpose of getting the range, and corner the better of the two. Upon turning up in all

then all guns that con bear on the targets for the third round both seemed willing and fire, each officer of groups and each captain of quick. Wilkes led with a left swing on the guns trying to adjust his firing according to ribs and right on head. Rogers replied with a the approaching or receding of the ship to the straight left in the face, but being late in target. The distance at which the operation getting away received two left body blows, has usually commenced has been about 10,000 which made him acon show signs of distress, yards, and in a good many cases the extreme the bellows going wrong compelling him to range of the guns has been employed. Nearly spar for breathing space. Wilkes seized the every conceivable tactic bas been employed, opportunity, followed his man up and kept and it is creditable to the ships of the flees te hard at work, Rogers endeavouring to respond. be able to record the fact that, taken on the He was out-classed, however, and Wilkes got whole, the firing was good, notwithstanding that the verdict. The bout was the subject of one the weather was by ro means favourable. The of the three prizes. results have not yet been announced as the Gring will be published in the quarterly returns, On the 23rd, after being anchored overnight, the fleet again proceeded to sea, and firing with the light 2.F. and heavy guns was carried out, the targets suffering severely as the weather was favourable and the shell fire very accurate. The shrapnel literally tore up the wire meshes of the targets.

SWATOW NOTES.

THE PROJECTed railroad,

(From an Occasional Correspondent.)

Swatow, October 1.

The projected milway from here to Chap. choufu bas already aroused the antagonism of the junkmen and their friends. They have woke up to the fact that, when completed, the line will be a serious menace to their livell hood. For more years than one would care to count, the junks have had the monopoly of carrying goods and produce up the river to wards the interior, and it is only natural that ............ their ire-should be, souiewhat aroused when they see the living so greatly threatened. The new line has already been surveyed and flagged out but no sooner are the little flags and posts planted than they mysteriously dis appear in the night. It does not require much kcumen to guess the culprits. The promoters,

AT ANCHOR.

The Italian cruiser Marco Polo was sighted at sea during the forenoon, and on the fleet

A DIVERSION,

The fourth item of the programme was supplied by McCarrigan and Brattle, who gave an amusing impersonation of "Tired Tim," and Weary Willie," respectively. They were specially attired for the occasion, and after voing through their rounds the ef. gave a decision in favour of both-and not a draw at that,

GRIPPEN V. GOODMAN.

gation.

FREE FIGHT ON THE "GLENOGLE,"

CHINAMAN KILLED.

5th inst. When the s. Glanogle, Captain Larkins, arrived from Singapore on the 2nd inst., she was observed to be flying the police flag, and Inspector Langley of the Water Police at once boarded her to learn the trouble. From the report made by the captain it was then learned that, the day before she arrived in this harbour, a quarrel broke out between some of the Chin- ene passengers and the Chinese crew of the vessel over the cooking of their food, and a free Aght ensued. The combatants seized everything that was handy, and missiles of all sarts-pots, pans, bowls and dishes--were soon flying about the desk, while some of the crew brandished heavier articles, with which, however, they did no particular "bodily injury." But in the general meles that ensued one of the Chinese passen. ers, who was sleeping, on one of the hatches, was atruck on the head with an earthenware bowl, which inflicted wound from which he became unconscious. On arrival the next day the injured man was to the Government Civil Hospital, where he subsequently died from the effects of a frac tured skull. The matter is now under investi- gation by the Water Police, though no arrests have, at present, been made, owing to the large number participating in the fight.

that each shareholder will receive a cash return All that the "proposal" gives definitely in

this he receives scrip of the nominal value of for the par value of his stock. In addition to

new,

This is practically what is ordinarily termed "watering the stock, and unless the new Company can increase its chinings, there is nothing, as far as present shareholdres are concerned, to be gained in so doing

It would materially clear the atmosphere if at the meeting the shareholders were to receive fellowing questions clear and straightforward answers to the

When were the negotiations for the sale of the property commenced?

Why the shareholders were not informed of such negotiations at the last General Meeting, on the 19th July, 1904?

The Chairman-So far as that goes, it is a definite offer. But the conditions may be such that when I get to London and understand them fully, mal oot be able to comporkers, and withheld from the general body of

Why this information was given to a few bro difficult to conduct a business like this by the shareholders to accept them. It is very telegraph, and it may be that we could not accept the terms, but on the face of it, it looks all right,

Mr. Butler-As you understand it, it is a de finite offer?

shareholders?.

What is to be the capital of the new Com-. pany, in which the present whatchaiders are asked to invest seven million'taels?

The earning power of the present Company, during the past three years, has been as fol

=

Year ending 30th April 1904

The Chairman-Yes. Hitherto the Directors-low

the shareholders together. In the case of have always signed these contracts before call- the purchase of the International Dock, and of Boyd and Company, we signed the contracts and then got our action confirmed But this I considered it my duty to advise my collea transaction is of such large proportions that

gues to agree in summoning a meeting of the shareholders before we decided to sign tbs

Contract,

Mr. Brodie A, Clarke proposed and Mr.

That the Directors be and they are hereby empowered to enter into an Agreement having for its object the sale by this Company of its property and business to a new Company to be formed and registered in London.

11

1

1y01

J-2-Tacis

717,428.96 910,973.92

» 1902 1,697,403.56 The book value of the property to be the 30th April, 1904, Taels 6,101,181.60, taken over by the now. Company was, on for which it is proposed to pay to the present shareholders

Cash

Tla, -5,520,oba Shares in the new Com.

pany majority

177,065,600

Making a total of Tis, 12,585,600 The following items are not included in the book value of the propeny, as stated above,

viz.

ASSETE,

Shares in..public com-

panies ....... Sundry debtors... Cash in handaanekui

TL.

...in 14,568.29 455,964.70 *****3,983.57

Total Assets,, Tls.. 474,516.56

LIABILITIES,

Tis.

Mr. A. L. Anderson-I beg to propose an amendment. You have stated, Sir, that the conditions of the sale are not definitely laid down, and that they might be such that you could not recommend the shareholders to accept them. If we pass this resolution we bind ourselves to accept such conditions as you and your colleagues may think favourable. (Hear, hear.) I noticed just now expressions of opinion, of favourable opinion, when you stated that the management would remain in Shanghai, I think we might add that's a rider to the resolution, and I' will move it as an amendment, and I shall be

Total Liabilities, Tis. 522,244.98- glad if someone will second it. My amond- The market value of the new shares would ment is to add the following words:

Provided that the head office of the newed, and the earning powers of the new depend upon the total amount of capital involv company shall always be in Shanghai and that the management shall always be in Shanghai,

Mr. C. P. Allan seconded,

Uncollected dividende Sundry creditor......

·35,307.00 486,937.98.

Company; but for the sake of argument and comparison we will assume the capital to be fxed at £2,000,000, or Taels 16,000,000, and say a yearly net profit of Tis, 1,434,000, this given double the present earning power, or would allow of a dividend of about 8 or 9 per... cent and taking the, actual market value of the stock as Tis, 186 per share, less Tls. 100 to be received in carb, the hars against £16, the face value; therefore a dividend of 8 per cent on £16 £1.5.7, would represent 12 per cant on our capital of £10.

however, are determined that the scheme shall I arriving at Weihei she was found already Griffen is looked upon as a coming man and taken charge of by the olice and removed money into this business if we have the head would stand to cost Tis... 8o.or.io.as

go through, and work, has been commenced, With the benevolent assistance of the Total, and the judicious täct of those in charge of the operations, it is believed that the hostility will 1000 dia out. In the meantime, a great deal of solid, quist work is being done, and all are sanguine that it will eventually be brought to a successful conclusion,

A STORM IN A TEACUP.

|

|

anchored, and visite were soon exchanged. Centurion to try Mr. Burton, gunner, on u A court martial was assembled on board the charge of intemperance while on duty, and, being found guilty, he was sentenced to lose three years' seniority and dismissed his ship. He was discharged to the Humber on the 23rd. A second court martial has been held, this time aboard of H.M S. Cressy for the purpose of trying Winor, stoker, for refusing duty and attempting to strike ha superior officer. He was sentenced to twelve months hard labour.

Football has already. been started, results up to the present being as follows:-Aiton beat Andrentda, 6 to 1; Vengeance beat Cressy, to i; Ocean beat Andromida 30 | Amphitrite boat Leviathan, 4-0; and Albion's beat Vas gennes - Si1. Considering that the Albion men have only just commissioned they are very good indeed, and give promise of reaching the top of the league this year as easily, or better, than the old commissions.

Referring to sport, I should like to point out that an error crept into my report of the regatta. fastead of the Glory having won the Captain's and Officers' cups it should bave been the Pengganti.

A boxing tournament has been arranged, and was to have come off on the 24th, but had to be postponed until the Monday owing to the Admirí giving a dinner party that night. I have arranged for one of the sporting members to write # few lines, and have no doubt be will forward you an account.

Great interest was taken in this event as big things are expected of him during the Glory's commission. The first round opened with a determined attack by Goodman, who tried to rush his man but was stopped. Some of his blow got home but were unlucky in not landing on the proper spot. It was sheer leck only that preserved Griffen from the attacks of Goodman, who would, had his blows been true, have knocked Griffes out. Both men were sparring as time was called, and Round-Gri- fien was more cautious and seemed to book his left shoulder up to protect the point from right swings. Goodman was lacking in dash in his leads. In turn the men were driven to the ropes, Griffen putting in some good work and following up his advantage, established a good lead in points. Goodman looked like giving up, but time being called be retired to his comer. The judges decided in favour of Griffen.

THE STAR BOUT,

יי

S. C. FARNHAM, BOYD Ô CỌ, LD

THE RECONSTRUCTION SCHEME CARRIED.

An extraordinary general meeting of the members of this Company was held at the head office, Broadway, on 26th ult, to consider a proposal to pur base the company's business and undertaking by a new company to be formed and registered in Louden.

The meeting excited great interest and the attendance was very large, says the N. C. D. News Over 30,000 shares were represented Mr. J. R. Twentyman presided.

The Chairman-I have much pleasure in putting the amendment proposed by Mr. An- derson and secunded by Mr. Allan before the meeting. I only want to say this about it, that I am sure the people at home won't put their office here. If they place the management in our hands they have conceded a great deal, after paying the large sum of Ciz.ios. per share, besides the sixteen fully paid-up shares in the new company. To expect that they will concede the head office to Shanghai as well is, 1 think, too much. Still I am pleased to put the amendment, and the Directors will be fust as satisfied whether that or the original pro- position is carried. We want you to be satis ed, and if you are satisfied we shall be, though we are perhaps the most interested.

The amendment was put and fiteen bande were counted in favour of it. Against it was a very large majority,

The Chairman declared the amendment lost, amid loud applause.

4

The original motion was put and declared carried, very few hands being held up against it. The Chairman-I thank you for the confidence shown in the Directors. It won't be misplaced; I can tell you that much.

Mr. Allan May I demand a poll) The Chairman Yes, if the room supports you, but I think it so conclusive--

There were several ones of "No, ao" and the Chairmen proceeded to the next resolution, which was declared carried.

Mr. Allen bad remained standing And now #nid-Am 1 to have a poll?

The Chairman-You can't demand a pol! alone,

In this quiet, although busy outport, we do not have much excitement; bot a short time ago, there really was a atitring scene on the bund. An engineer from one of the vessels unloading took offence with one of the coolies and struck him heavily with his stick. He promptly retaliated by knocking the European down." Another angineer quickly came to the rescue, but before he could do anything was served likewise, in an instant there collected an angry crowd of coolies, and it was only by drawing revolvers that the two Europeans were

Event No. 6 was a good bout, and consider able to return to their ship. By this time the

ed the Star fight of the evening. It gained the bond was a seathing mass of excited coolies

first of the three prizes. The match was be- The Chairman Before commencing with clamouring for the men who had escaped. No

tween Davison, A.B., and Anderson, A.B. An the business of this meeting, I should like to sooner did the news of what had happened get

derson in this 3-round contest was a lot the explain to you that so many shares have been to the men who were unloading the vessel than

lighter aian and was giving away over a stone sent in at the last moment for transfer, that it they struck in a body and made for the pontoon

to his opponent. The first round opened smart has been impossible to get them completed and the shore. For abou; three hours the ship

and quick, Anderson leading and making the before the meeting. The clerk, in charge of was held up, the coolien shouting aut bitter

fighting, Devisen trying to keep him of with this department worked yesterday (Sunday) to | challenges to the two men to come ashore,

an almost straight arm left. This was a rather try and accomplish this. Under the circum. For a little while things looked exceedingly

unique blow, delivered with a straight arm and stances, 'we hope you will agres to allow these ugly, as the Swatow copile is by so meses the

jerk of the shoulder. At all events it served gentleman, who have not been registered, to Derveless, cowardlyIndividual seen in the south

the purpose of keeping Anderson of. Ander-rote on the shares they have purchased, which ern ports, he usually standing not less than

son repeatedly attacked and was caught on the we have been unable to register. If haye be five last ten inches in height and muscular in

rebound. Devison, in turn, pressed, but did not against the interests of this Company to do so, proporilon. Fortunately, however, by the in

obtain any advantage and the sound closed but we think it is a spirit of fairness which we duence of several of the compradores and some A BRITISH steamer carrying dynamite arrived with about equal points, and found.--Boths | trust you will not object to being adopted by of the coofies' headeten, the angry crowd was at Woosung from Hongkang. The dynamite men ran out and got straight on to the work the Directors. quieted and work resumed; but for a time, is to be carried to Yokohama. The Commis and blows rained fast, neither man caring what No objection was taken to this suggestion, Affairs, were really serious. It le difficult jo sioner of Customs at Shanghai, stopped the | he received as long an bis blows got home. which was accordingly acted upon. quite realise what might have happened had it dynamité going to Japan as it is contraband. Then followed a clinch, and on breaking away The Secretary then read the notice convening developed into a riot, as Swatow is in the car. | but the British Minister at Peking having Devison led and maintained the advantage, || the menting, Se lous position of not possessing either a police protested against the ruling of the Commis- Anderson having nearly shot his bolte The The Chairman-We have ever sacco shares man or a soldier. * All's well that ends well," sioner of Customs at Shanghai, the Waiwapo round closed in favour of Devison, 3rd round hard represented and might as well begin. as one man in the Custome said to another, after careful study of the matter decided that | —Devison using his weight pressed the fight. This meeting has been called with the special and after all, it provided a topic of conversation the dynamite can be sent away as the same ing, and Anderson tried to gain time, which he object of obtaining your consent for the dis- for at isant a day, and in Swatow, we are thank had been shipped from abroad and not from a succeeded in doing to some advantage, as he posal of the business as set forth in the circular ful for small mercies.

Chinese port. Capture by the Russiazis is at rallied up and attacked in order. As one man now in your possession, and with your permis. Business is not so brisk here as it should be, the risk of the shippers and there is no respon retired he was primised by his opponent and sion we will consider it as read. The proposal So many ships have been purchased by the sibility on the part of China Sir Robert Hart vice versa. Anderson showed signs of fatigue in id present form seems to us to offer you Japanese daring the past few months that 8ys had already instructed the Commissioner of and Devison was not fresh enough to take ad-suficient inducement to justify your acceptants of the motion were given the full benefit tow has naturally suffered both in imports and Customs at Shanghal to that effect and to vantage of the condition to give his man the ance. You are no doubt aware of the difficul- of any shares which have not yet been fully re- exports, and there is little prospues of it chang allow the dynamite to be sent away for Japan. final stroke. Both men were exchanging feeble les connected with the conducting of a busi-gistered as transferred. The other proposals ing for the better for some time,

blows as time was called. The content began wous like this by, telegraph; hence the desire are chiefly formal.

Simpang da

the new business to come from, to enable the The question naturally arises, Where in all new Company to double the earning power of the old Company?"

etc., it is doubifal if the material could be With regard to milways, rolling stock, etc., locally supplied in quantity to compete with home prices.

Is it not a fact that all parties and/or syndi cate that have concessions in China, are eithar themselves, or have connections with iron and steel industries Europe, in which case would be to their interess, to subicct it prodąced either by themselves of by others whom they are tied." meani

the earnings of the proposed new Company, To account for the anticipated increase in it has been rumoured that the big "Belfast hip- builders, Harland & Wolff, are taking a con siderable interest in the new dock scheme, but why should a firm," which so far has iddatided itself with shipbuilding'pure'and' simple," go out of its way to practically take over a com pany in the Far East, for the purpose of deve loping the iron and steel industry in Chins, which is quite beyond anything that they have As a resident of long standing in Shanghai, bltberto taken up? edge moderadağı

insuficient excuse for this datior. Et le mot I have thought that in the interes) of sitters written with any blas brifealing, but it seems to me that a question which akcents the biggest of our local industries, require the fullest ven tilation, especially as the same, seems to tend to the introduction of quitside capital and the paying away of dividends to those who are not concerned in the prosperity of this, our Modal Settlement,

Mr. A. L. Anderson-I will be pleased to second the application. -

The Chairman (after consulting the legal adviser)-Mr. Plait says it will satisfy that and don't think the others present will object.

Several proposals were made in regard to the manner the poll should be taken and good deal of wit was expended over the objec tom. It was finally decided that the poll would be on the orignal motion' (not on the amendment), and that those who were against it would stand up and give their names. THE Perthshire Courier, of the joth August, This was done.

ways that Mr. T. Hi Raid, a journalist who has The Chairman-There are 3,829 shares made his mark in the Far East, was in Perth represented against the motion; I think there last weak renewing old acquaintanceships. are 28,000 about for it. Will that satisfy you, The few that remain of the older member of Mr. Allan?

Bama the Strathean Cricket, Club had a most inter Mr. Allan think that is quite sufficient.asting re-union the other night to meet their The Chairman may add that the oppoo old club-mate and parrot Mr. Reid wa

keen cricketer while in the Fair City and though not an active participant in any other outdoor game he was a great admirer of very kind of aport