TELEGRAMS.
[Reuters.]
· Second Tes'. Natoh Abandoned. LONDON, 18th June.
Drenching rain has caused the second test match to be abandoned.
The Prospects of Peace: RUSSIAN DENIAL."
The Morocco Question.
THE
FUE PESK TRAMWAYS,
THE AMALÒAMATION SCHEMR...
MR. BROWN BEI EB INFORMATION.
Another largely attended meeting of share- holders in the Hongkong High-Level Tram- ways Co, Ltd., was held this afternoon at the offices of the company. Alexandra Buildings, when the resolution's passed at an extraordinary: The Russing Foreign Office denies the general meeting of the Company were confirmed ns special resolutions Mr. Henry Humphreys exchange of views for an armistice.
presided, and there were also present the Hon. Mr. C. W. Dickson and Messis: J: Orange It is understood, that in view of the (consulting committee), J. A. Hipp.. T-F. seriousness of German pressure and the real lough, T. Arnold, E. Bowdler, W. Cruick- anxiety in French political circles regarding shank, J. E. Joseph, G., Potts, G. M. Bain, German intentions, M. Kouvier hesitates H. P. White, P. C. fonts, Ho Fook, D. E. Clark, A. Cameron, J.-E.. Brown, J. L. Colter, Lau about refusing to join the Conference on
Chu Pak, J. M. eng, Capt. Giddard, J. Joho Moracco, in spite of emphatic assurances
Hone, P. S. Jameson, Sin Tak Fua, A. Morley, from England that she will give her fullest. A. Ham, 1. J. Gedge. C. B. Buyers, J. A. support to French policy,
The positive refusal of Great Britain to join the Conference somewhat complicates the situation.
Tarrant and F. S. Fanést.
Mr. Jupp having read the notice convening. the meeting,
It is an undoubted fact that the Frenching army corps on the frontier are being brought up to full strength and leave to officers restricted.
Later.
The French. Zemps' in a leading article says that Mr. Lowther's refusal to adhere to the proposed international conference on the Morocco question was based on instructions given prior to the resignation of M. Delcasté, and declares that Great Britain is bound by the entente not to embarrass France.
PHILIPPINES AS NAVAL BASE.
Boston, May 9-More evidence of really expert judgment would add weight to the de-
The Chairman said: -Gentlemen, this meet- has been called to confirm the resolutions which were passed at an extraordinary general meeting of this company held on the 3rd of this month. Before putting these resolutions for confirmation I shall be pleased to answer any questions which shareholders may wish to ask.
HONGKONG TELEGRAPH, TUESDAY, JUNE 20, 1905.
MR DROWN'S OBJECTION... Mr. Brown, who rose amid some applause, mid-Mr. Chairman and gentlemen, before the resolutions are put in the meeting I would like to make a few remarks to begin with to be followed by a few questions which I would like the general managers to answer. Since the Plast meeting on the 3rd lostant a number of | Jelters including two from myself and one in reply to my first from the geocul managers have appeared in the public press. Those ist lers speak for themselves, and although the general managers, in their reply, allempted to clarations of some of our older navul tificers
prove me wrong, they utterly failed to do so in who appear just now much concerned over the
a single instance in connection with any state- military perils of American occupation of the
ment made. They, triet to justify their Philippines. Without discussing the value of advocacy of the present scheme by simply the islands as an investment for us, economic accusing me of inaccuracy based upon in nily, it is not difficult to show that these alarm sufficient knowledge," and queglosing my have not the best foundation. Rear Admiral right to protect my own interesus as a share Melville, indeed, sounds a much discredited-holder in the present Company for the 'reason note in saying that our present navy can hardly that I am not as old a shareholder as some protect our home consts The hopelessness of who are going to benefit financially much more an invasion of our continental territory is well than o hers in what is termed "a reconstruction understood by military men the world ever of the company," but which I call and have As to the naval side, the whole course of his called from the beginning, an unwarranted and tory proves that offence and not defence is the unjustified sacrifice of one of the best paying opening to victory. That portion of history properties in the Colony, at about half its valuc which includes the Spanish War, with its to a syndicate or company of outsiders whose ridiculous panice among our Atlantic coast
money is not at all likely to be put into the hamlets, should be loo recent for even
construction of an opposition line, unless they a retired naval officer to forget. So much can buy us out at a price that will not only en- for our continental coasts; and for ten years to able them to, paint up their prospectus, come it is only our Atlantic coast that gan bat will be the one factor in enabling then ter the question. Elsewhere in the Atlantic, to promise investors any return on their money our points of danger in a war with a European before three years at least. Does it look. Power are the islands which serve as outposts reasonable to you, gentlemen, that $250.000 is to the Panama Canal. These, perhaps Ad- all that our present tramway lines worth as miml Melville would har ly counsel abandon-
a going concern, earning as it has in the past ing. The people, at least, believe in the canal, net profits of over 40% and capable, as it and by the same token believe in insuring our certainly will be, of earning in the next three control of its eastern approaches by the build-years further net profits of Stocco per year on ing of an adequate fleet. Even in the West a capital of only $12500? It into my mind, Indies it is not the uccupation per se of this or gentlemen, a much better asset at Soo,cos than that island that would threaten us, but the investors will find the now line, which is successful mistennade of a hostile fleet strong going to cost that much to build. The gener enough to prey on our commerce and dely our al managers are using every effort, for reasons warships. The answer to this peril is a power-known to themselves, to make it appear that ful offensive navy of our own, which operating the contemplated opposition of the projected. from home bases can defeat in battle the foreign new line warrants u dissolution of the com- flect far from its own ports. No naval attack piny and this sacrifice sale. Here I take issue with them and can only say, that it is
on.us can make a victorious war unless it can
EMBARRASSING QUESTIONS."
The first question is: Who comprises the syndicate promoting the new company?
The Chairman There is no syndicate. The new company bas yet to be formed.
Mr. Brown-I know that,
The Chairman---There is no syndicate. Mr. Brown-Who comprises the present syndicate promoting the new company?
The Chairman-There is no syndicate. Mr. Brown-Who are the gentlemen moving. in this? Who are the syndicale promoting the new company? Who are the gentlemen who comprise the syndicate promoting the new. company 1
The Chairman-The new company is not formed.
4
Mr. Brown-I know that. That is not an
answer to my question. Who are the gentle men comprising the syndicate promoting the new company?!!
The Chairman-If there is no syndicate there cari be no gentlemen promoting the new come. pany.
Mr. Brown-Do you, consider that an an- swer to my question?
The Chairman-I do..
Mr. Brown.--Interested to the extent of that paragraph
The Chairman Yes.
Mr. Brown.-Ara there any others connected with them any other gentlemen outside of the old company?
The Chairman-No, anyone may take shares In the new company and be interested in it.
Mr. Brown.I am not talking about probable investors, but about people interested with you is the present promotion of the new scheme. Who are the other gentlemen?
pass these resolutions; that is all. .The Chairmans. All the shareholders who
Mr. Brown.-Are there any more? The Chairman-No more.
Mr. Brown. What connection, if any, has Messrs. Benjamin, Kelly and Polis 'with the deal, or how much are they, or the China Commercial Company going to receive for underwriting?
COMMERCIAL
Intimations.
Advices, from Shanghai, dated 15th lost, ROBINSON PIANO
stale Business reported :-Shangbai and Hongkew Wharfs at Tis. 194 October, Farn- ham, Boyds at Tia, 163k for June, at Tis. 166 for August, at Tis. 167 September. Shanghai Lands at Tis, 120. Laou Kung Mows at Tlf. 40. Perak Sugar at Tis. 73 for July. Somatras nt Tls. 68. Langkats at Tis, azzi for July ex div. Telephones at Tls. 68 c.n.f. ·
Business done direct: Shanghai and Hong. kew Wharfs at Tis 185 for June, and Tis. 189 for July. Indo-Chinas at Tis, 73 for Septem. ber. Farnham, Boyds at Tls. 161 curb, Tis: 146 for Joly, and "Tis. 166 for August
TO-DAY'S EXCHANGE. Selling
The Chairman.-1' have already said that Mesurs; Benjamin, Keity and Potts are acting ns brokers.
Mr. Brown. For the corporation of gentle-America-Bank T.T... mes forming the new company?
Harmany-Blank T.T........ 'ndia T.T. .........land (Brit
Do. demand Shanghai-Bank T.T.
The Chairman. For the old company. Mr. Brown. It is not for the old company; thay, cannot not until it is dissolved. It is a
COMPANY, ED.
THE PUBLIC MAY RELY
IMPLICITLY ON GETTING
FROM US
PIANOS
OF THE
ondan-Baak T.T. monument 10 9716 Do. demand. Do. 4 months' sight .......................1/10) France-Rank T.T.........
HIGHEST CLASS
2361
EMBODYING THE VERY BEST
.....451
1.921
..140)
.140!
MUSICAL AND WEARING
QUALITIES,
711
.97)
MODERATE PRICES.
Mr. Brown. Nobody is moving in the mat company of gentlemen, a syndicate of pro-fapan-Bank Team ter then?
The Chairman.-Yes. Mr. Brown.-Who is moving in the matter? The Chairman.I am moving.
Mr. Brown.-You are moving. Are you the syndicate moving in the matter?
The Chairman. And the Consuling Com mittee will be interested in the new company and the majority of the consulting committee will be on the committee on the new company. Mr. Brown. Are they the syndicate or pro- moters?
The Chairman,--There is no syndicate. Mr. Brown. Are they the promoters of this scheme?
The Chairman. There are no promoters al present.
Mr. Brown. There must be, or the scheme could not be so far advanced as to bring it before an extraordinary general meeting of this company. I simply asked you who are the gentlemen-Iasked you to inform the share holders who are the gentlemen who comprise the syndicate that is promoting the new com $150,000, and the purchase of the Findlay pany and the purchase of the old company for |
Smith concession.
·
The Chairman. The general managers and consulting committee of the present company are, practically, and also the shareholders who are in favour of the resolutions.
promoting the new company?
Mr. Brown. They are the syndicate who are
The Chairman.-There is no syadicate. Mr. Brown.-Do I understand that? The Chairman. There is no syndicate.
There is somebody; you must call yourselves
Mr. Brown-A body of gentlemen then,
somebody. What are you?
..
|
moters. That is what it is,
The Chairman. Mr. Kadoorie was em ployed as a broker to obtain the concession. That be has done, and for that he will be paid $10,000. There will be no other money paid whatsoever. Mr. Findlay Smith will be paid $15,000.
Mr. Brown. Where is that money to come from to pay Mr. Kadoorie for underwriting this scheme?
The Chairman.-There is no question of underwriting.
Mr. Brown. For floating it.
The Chairman.-There is no question of floating it?
Mr. Brown. There must be.
The Chairman-He has bought for us a concession which we instructed him to buy.
Mr. Brown. Not as a company. You can not act as a company until you dissolve, and commence as a new concern. There is a
syndicate a company of promoters,
Mr. Orange-I have no knowledge of it. The Chairman. We have power under the articles of association to float a new company, Mr. Brown. You claim you have power? The Chairman.—We have.
Mr. Brown. To become a part of a promot ing syndicate to dispose of the old company by the new charter and form a new company?
|
lava-Bank T.T.
Duying.
do.
↑ menthe wight L/C, .........................................|10| 6 months sight. L/C................................1/| 30 days' siebt San Francisco & New York 461
months* sight
47) 30 days' sight Sydney and Melbourne ......t/ti} months' Night Francs..................240 5 months' sight
4 months' sight Germany
Bar Silver..........
Bank of England rate Sovereign
· OPIUM · QUOTATIONS. To-day's 'quotations are as follows
Malwa New.....
Old Older
.2.43 |
.1.97
AT
OUR CLIENTS HAVE THE
ADVANTAGE OF OUR
30 YEARS' EXPERIENCE AS
1. EXPERTS,
Per picul @ 4,140
... 1,180
12
Oldest ...
...@ 1,340
Patna New Bepures New Porsian {Pacer!
***@ 1,230/1,760
Por chest
.....@ imi ...@ 1,085
→ 780/010
IT will interest the Australian people to learn that the Secretary of War of the United States of America intends to visit that country. The Canndian correspondent of the Sydney Daily Telegraph says:--At soon as President Roose. velt pois back to Washington-at the time of ques-writing he is still hunting bear in the wilds of Colorado-Mr. Taft, the United States Secret- ary for War, will prepare for the trip of himself and a distinguished party to the Philippines. It is highly probable that this tour will be extended to Australia. Among the Taft Lourists" will be Miss Alice Roosevelt, who, our correspondent' writes, is looking forward with eager curiosity to the trip across the
The Chairman.-Exactly." Mr. Brown.-Exactly. Right. The Chairman.-There being no other tions I move that the following resolution be confirmed: "That it is desirable that the Company may be dissolved and that it be wound up voluntarily,"
Mr..Arnold seconded. Carried. Capt. Goddard, and Messrs. Came-
·The Chairman,—¡ consider I liave answered | ron and. Brown were the only dissentients. your question.
Mr. Brown. You consider you have. The Chairman-Yes,
Mr. Brown. Alright. If that is your answer. when carried on the negotiations with Mr. Findlay Smith, or his agent, and who appears as the purchaser of his concession?
The Chairman,~Mr. Kadsqrie acting as a broker.
l'acific. It is understood that she is highly de-
Mr. Murray: Bain proposed the confirmation of the resolution. "That the General Managers be and they are hereby appointed Liquidators.lighted at the suggestion that the tour be ex- tended to embrace Australia a country she has Carried, the three gentlemen named above voting against the proposition.
often wished to visit.
Mr. White proposed the confirmation of the following resolution, "That the Liquidators be and they are hereby authorised to consent ló the registration of a New Company to be named the "Peak Tramways Company,
Mr. Brown.--As a brake? for whom? The Chairman.For the old company und Limited," with a Memorandum and Articles of
also the new.
Mr. Brown. For the old company? The Chairman. For the old company. Mr. Brown-Is the syndicate confined at
Association which have been prepared with the approval of the Consulting Committee of the Company."
Mr. Lau Chu Pak seconded, and Capt. God-
To-day's
· Advertisements.
castrul the Caribbean. All considerations probably a good thing that a bit of new blood present to the gentlemen named in the "China Card, and Messrs. Cameron and Frown again cember, 1901, and subsequent volices,
make that the centre of any movement against us, and the opening of the canal will change the situations only by making necessary greater naval force of our own in those waters, What is the situation in the Pacific? Sup posing the Philippines to be abandoned, we should have some, coast cities on which an unopposed enemy might levy heavily unless beaten by our l'acific squadrons. There would also be the western terminus of the canal to. proteer, supposing that any European power chose the longest way to come at us, if this
were the whela of the matter, our Pacific fleet might indeed well be small
But this is not the whole of the matter Our Asiatic commerce, not our Pacific coast, is our vulnerable point on the west. Commerce destroying may indeed be enjoined by inter national pledge, but are we to trust ourselves to the pledge of an enemy, which war opens to him a great opportunity in disregard of a mere
has become interested in the old com- pany, when what is claimed to be 75% of the old blood is willing to desert the ship, and hard ovet practically as salvage to a new concern who for the next three years can only threaten, and who even dien will not
future consulting committee and geneml Mail" about a month ago as the probable managers? Are those the gentlemen who are the promoters of the now, company?
The Ghairman.—No,
Mr. Brown. They are not?
The Chairman.-It depends on what you
Mr. Brown-They can be promoted at the same time.
scheme, which is characterized in some quaruntil the company is promoted. It has not be able to injure us as much as this sacrifice call promoters. There can be no promoters ters in language not at all complimentary to the heen promoted yet. promoters. I use the word "promoters" as understand the new company is not yet. general managers have not up to the present been answered already.
i also understand (hough the
The Chairman- think the question has volunteered any details to shareholders) that the purchaser (when the purchase is put through) of the "Findlay Smith Concession"
forined.
is
not the present Tramway Company, neither were they the negotiators, as intimated by the general managers when replying to a question asked by Mr. Moir at the last meet
voted against it.
The motion was confirmed.
THE GREAT NORTHERN TELEGRAPH COMPANY, LIMITED.
HONGKONG STATION.
EFERRING to the notice of 20th Be
SENDERS OF TELEGRAMS are hereby advised that from IST JULY NEXT, the Currency ME G. Jous proposed the confirmation equivalent of the Franc will, subject to revision of the follo dug resolution. That the liquida. after three months, be fixed at $0.43, at which tors be empowered to sell to the "Peak Tramale the charge for all telegrams will be
collected from the sald date, ways Company, I imited," the undertaking of this Company at the price of $203 per share
ways Company, Limited, at the option of either in cash or shares of the Penk Tram-
shareholders of this Company and to enter into all necessary agreements to that effect,"
Mr. Tarmant seconded.
L
OLAF NIELSEN,
Superintendent. Hongkong 20th June, 1905.
NOTICE.
1670
HE Interest and Mr. J. The notion was carried with the three dis-LAK 2 in Responsibility of the de
April 29th, 1905,
sentients...
Mr. Brown-Are there the gentlemen, who are prompting this scheme or who are interest-gentlemen. Thank you, ed in it are they the gentlemen named in the China Mail' about a month ago 'as the pro- bable future consulting committes or general managers?
The Chairman-That is all the business,
The Chairman-1 think the question has
Bagoe convention?. If not, then our defencing but a firm or company styled the Ching already been answered by a previous question.
Commercial Company," who I understand
Mr. Brown-i don't think it has been 20-|
in the Pacific. must be offence. The enemy's have undertaken to underwrite the new com-swered by a previous question. commerce, not our owa, must be in peril. Our supposed enemy need not cross the Pacific to pany for its promoters who in turn are
is
depending on buying off the old company at their own price-a price for many reasons much more advantageous to them than to us.
will return to its legitimate market value of
The Chairman-Who are they? Name them. Mr. Brown-I can name them if you like. The Chairman-Name them. »
COLLISION IN HONGKONG.
CARELESS MASTER'S CERTIFICATE SUSPENDED.
In the Marine Court to-day--before the hon. Capiaín L. A.-W. Barnes-Lawrence, R.N.—an | Inquiry was conducted into the circumstances attending the collision of the British steamer close our Pacific porte. To keep them open,
| Shun Lee-Mr. John J. Ewing, master-and our Pacific squadron must go to Axia, where the
the stearn launch fung On-Kwok Tai, master | Mr. Brown --I forget the exact date that this on the morning of the 13th inst. enemy's fleet would be, and where, be it noted, every one of our possible antagonists has inter. I am considered wrong in this, and wrong item sppeared in the "China Mail," but that According to the evidence given by Captain ests the destruction of which would alone be al continue to stand alone, let the shareholders who with this question states, "The new company of the southern fairway at 3:15 am, and when in my estimate of the old company's ability to can be ascertained later. The clauss dealing Ewing, the Shun Lee entered the western end mest suficient to end a war in our favour. Grant- ing, then, that we must carry out naval way into think otherwise and are advocating this scheme will be under the management of Messrs John approaching the wharf of the French Canton Asiatic waters, as a defensive measure, thought their shares on the market at $100 per D. Humphreys and Sons, with a consulting steamers he saw a green light about two points share (the price they want to force the minority committee consisting of Sir Paul Chater, CMG.ported the helm; the launch answered with on the port bow. He gave one short blast and by offensive action, the value of the khilippines to accept) and sea how soon they will be snap- Hon, Mr. C. W. Dickson, Messrs. C. Ewens two blasts and the Shun Lee replied with one. as a base is not open to argument. Dewey's plight when Hongkong was closed to him ped up by the public, and how soon the price and A. J. Raymond." Are these the gentle. They were about 50 yards apart at this time sufficient evidence in point. From the Philip $300 or over per share the moment it becomes
men who are the promoters of this schema 7 and to avoid danger the Shun Lee reversed the pincs as a base we could make, if only a diver known that this scheme to curb its carning ioned as being a member of the Consulting avoid a collision then, however, and the Shun The Chairman, Mr. Dickson was not men-engines when it was seen that the launch was taking no steps to keep clear. It was too late to sjon, such a diversion as would enormously embarrass the enemy by dividing his forces. Power has been knocked on the head (up Committee which was published, but he has a struck the launch on the starboard side One other supposable case is that of war with plause). The foregoing, gentlemen, are my always been so, and he will be a member of towards the wheel house. The vessel's en- Japan. In that highly improbable event, our reasons for opposing the scheme, and fill the new Consulting Committee to be formed.
gines had been reversed for some two minutes Pacific ficet could be re-enforced by a large part contend that resolution No. 1, even if declared
so that they had really no way on. 'of the Asiatic fleet, and the war waged on equal
Mr. Brown ---Are they or are they not? terus-but with this huge difference in our carried,' does not constitute a "veluita yo dis-
The Chairman. Some of them are, and some favour-that our Pacific ports would be four solution and winding up of the old company of them are not. thousand miles from Japan's fleet, while all her until the assent of every shareholder has been commerce would be only a thousand miles obtained, and although we may again be out- Our Asiatic commerce, then and not passes voted to-day, I am glad to have. received so sion of Philippines, is our vulnerable point in many assurances from the public as to the the Pacific. Under protection of that com justness and reasonableness of my claim, and meica comet any part we may have to take to good wishes for success in my efforts. In con keep Asia open to our trade. For this comclusion, in case i may be wrong in detail in new scheme and the formation of the new The Court held that Kwok Tai was to blame;
•from oura,
merce we must have a powerful, cet. As naval base, the Philippines are invaluable; not source of weakness, but an addition to our trattength in time of war-CaöfeneEUS):
اوار
Mr. Brown,--Who are not ?? - The Chairman, Mr. Raymond is an addi- tional member of the Consulting Committee and so also is Sir Paul Cbater.
Mr. Brown→→He is not one of the gentlemen at present interested in the promotion of the
Kwok Tai, the master of the Hung On, said ' that when he blew two short blasts be meant that he was porting his belm, and he believed the Shun Zea was doing the same. When he saw the red light he stopped the engines and went astern, but a collision could
not be avoided
[67.
LAMKE & ROGGE. Ilongkong, zotb June, 1995.
„THE DAIRY FARM CO., LIMITED.
AUSTRALIAN FROZEN MEATS. EEF-Sirloin, Rumpor
Porterhouse Steak......30 Cents per B. Soup Meat................
MUTTON.-Loin Chops ...........32
R
·Various Arab
Leg
**
kib.
.16 14
Ja
12
55
El
30
FU
F
FO
*
j}
13.
1
Fore Quarters.d22 Breast LAMB.-Leg, Loin Chops or
Hind Quarters .......... Rib Chopr Fore Quarters PORK-Leg or Loin............45. Chops namaikina40. Shoulder.....
NOTICE.
י
JA
11
E
1J
Orders received before 8 a.m: can be filled at Noon
3.32 p.m.
Order received before Noon can be filled at
Orders received before 3.30 pm. can be filled first thing the next morning. Hongkong, acth June, 1905,
[45
COMPAGNIE. DES MESSAGERIES MARITIMES 'PAQUEBOTS-FOSTE FRANCAIS.
FOR SHANGHAI, KOBE AND УОКОНАМА.
THE Company's Steamship TOURANE,"
Andaman on the Hung On said the helm was starboarded and not ported. He generally Captain will be despatched for the above corroborated Captain Ewing's story. Forts, on or about MONDAY, the 26th instant.
For Freight or Passage, apply to some of my foregoing remarks, I should like company?
for putting the helm the wrong way and
G. DE CHAMPEAUX, tempting to pass the Shun Zer instead of astere. the general managers to put me right by The Chairman Interested to the extent of The bance of Kwok Tai would be suspended
Agent, answering the following questions!-
(kat paragraph..
for thrus months,
Hongkong, soth June, 1905,
DEVOTED
EXCLUSIVELY
TO THE PIANO TRADE,
WE ARE BY FAR THE
LARGEST IMPORTERS
AND
MANUFACTURERS
IN CHINA, AND STOCK THE,
GREATEST VARIETY,
OF MAKES:
Hongkong, 8th June, 190t
[sat
CAFE WEISMANN.
~HE Public are invited to pay a visit to
TIFFIN ROOMS.
THE
our new
The only place of its kind in Hongkong,
A VERITABLE FAIRY LAND.
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Supplied at all the LEADING CLUBS and HOTELS, and to be obtained from thu prípcipal &torNÍ:
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