207
CORRESPONDENCE.
(We do not necessarily endorse the opinions expressed by Correspondente in this colusi.!
THE RETENTION OF WEIHAIWEL
To the Entres or THE "HONGKONG Trumprarı“ DEAR SIR-With reference to the various rumours Lately culted tegarding the evacu
THE HONGKONG TELEGRAPH SATURDAY, JULY
GYMKHANA NOTES.
18th inst. Another very bright and exciting meeting may be looked forward to next Saturday and though the sun may perhaps be a trille uncom fortable, it will be rendered an innocuous as possible by means of a 'canvas awning which the committee have decided erect and which will cover the whole of the stands on the rails
on a warm afternoon as there is always a charming south-westerly breeze at the time of the, day that the races are rug.
DEATH OF STOKER CONĹAN.
IN THE NAVAL YARD,
17th inst. Lending Stoker Conian, of the Kowloon Jorpedo Depôt, died at 8.25 o'clock last eight in the surgery, in the Naval Yard, from, aun stroke.
THE WEIHAIWEI GOLD MINING
The adjourned extraordinary meeting of members of Wethaiwei Gold Mining Ca, Ld., was held at Shanghai on 6th inst., Mr. E. S. Little in the chair. The number of shares represented was 5,503.
The Chairman said that as there was more than a quarum present he would ask the meeting
21
1906.
| all they found they had not enough are to! feed the mill, and he put in road metal and anything he could get and held on and in less than two and a hall months all the stoney was finished and they were in debt.
ation of Weihawei, we should be much obliged and so make it one of the most delightsaj spots { during the earliot part of yesterday morning: Secretary to read the notice convening the really had a mine, showad them where the are
if you would kindly find space in your valuable paper for the enclosed correspondence. Yours faithfully,
D. CLARK & Co., Weihaiwei, rith July, 1906..
[Enclosure}
Welkowen, 24th March, 1906.
From what we can gather it appeared that Conlan, who was at work no a torpedo-boat
was later sent on duty in the Naval Yard. 3.15 p.m., Conlan with other sailors were en- After gaged in loading a cart with wire rope. that deceased got between the shafts to pull the cart to the wharf when he was suddenly seep to was picked up unconscious and re He naved to the surgery, from where doctors were modical practitioners, the called.
and several orderlies attended Tamar's doctors, to Conlan, but he never regained consciousness
The Challenge Cup will, of course, be the bonne bouche of the afternoon, owing chladly to the improvement in lonic, who has come on wanderfully since the last meeting. He is a very consistent performer and always puts in a Your Honour,-W, the undersigned, mer- / Kood finish. Blue Nile, too, under the change and died a few hours Inter.
of owners and stables, has developed muscle chants and others have the honour to address and is moving in good style; he will, more. you with a view of finding out definitely from the Hume Government, what their intentions over, have the assistance of our premier jockey in the saddle. Exchange King has not been are regarding the retention of Weihaiwel.
going as well of late and unlest ha speedily proves do not think he will trouble the My tip for the Challenge Cup will therefore be Tonic.
ol
Since the close of the Russo-Japancic war last year, we have been patiently expecting that the Government would make some defi-judge to any great extent. nile announcement as to the lease and status Weihaiwei, bat up to the present, with the exception of Mr. Rune man's statement in the House that he did out consider the transfer of Port Arthur tu japan had changed the status of Weihaiwe, and no action is contemplated," we have heard absolutely nothing about the place
*Owing to this antinued uncertainty, trade is paralysed and all business practically ut a standstill. Several large transfers ni property which under urdinary circumstances would „have taken place have been indefinitely post
poned.
A: present no one will invest auything here and unless something definite is declared shortly, many of us will be compelled to trans fer our interests to other places,
quarter 31.
L
fenic, mile, 2.15, last quarter 32 Blue Nile, furlongs, last mile 1.6, last Mamodern, and Merry Mite, 1 mile
quarter 34, Kingston, mile 2.19, last quarter 33. Preston, and Ingut, i mite 2,221; last quar ter 33.
lakl
Pathan, 'mile, 1.25; last quarter 321., Lashmere, 1 nules, laut | 1.5a) ; last 1.34. Highland Raider, r mile, 2,22; last 4, 33. Highland Gillit, † mile, 1.45; last d, 33.. Kingston (Brutton) 1 mile, 2.18; last 1, 33. Preston (Brutton) and ingot (Boy) 14 miles, Enger (Mackie) and Mamodeen (J. Gresson) mile, 2.55: Jast 4 37.
We therefore beg that your Honour will for.. ward this petition in the Home Authorities; last 36. and kindly ask them to wire us a definite as surance as to their intentions regarding this place. We have the honour to be, etc.,
CORNARE ECKFORD & Co., pp. F. Larkins.
His Honour the Commissioner.
Government House,
Port Edward, Weihaiwei,
2818 March, 1956. Gentlemen, have the honour to acknow- ledge the receipt of the letter of the 24th inst. addressed to me by merchants and other re sidents of Weihaiwei, regarding the tenure of Weihai wei, and in reply to inform you that have forwarded is to the Right Honourable the
Becretary of State for the plonies..
I have the honour to be, etc... (Sd.), J. H. STEWART LOCKHART,
Commissioner. Messrs. CORNADE ECKFORD & Co.
Government House,
lonic (Boy) mile, 1.5; last 4, 301. Jabber (Gresson) and Merry, Mite (Mackie) if miles, 3.2; last 37
Highland Raider (Gegg) and Pathau (Clarke) 1 mile, 2,16; last t, 35-
Inshmere Clarke) and Highland Gillie (Gegg) 1 miles, 3.02/5; last 4, 33 2/5.
A TURF ENTHUSIAST.
THE ENTRIES..
The following is the programme of the fourth theeting to be held at the Happy Valley; on Saturday, 21st July, 1906 (weather permis
ting):-
It was also anid that owing to the amotint of work that had to be done deceased had no time to return to Kowloon yesterday for tiffin, and he went without any.
to 1904.
10
LAND COURT APPEAL.
17th inst..
Hon. Sir Henry Berkeley, K.C., Attorney Generat, inatracted by Mr. F. H. L. Bowley, of Messy Dennys and Bowley, Crown Solicitors, appeared for the Crown Appellant, To King not being present either in person or by re- presentation. The Honourable the Attorney General said this was an application for leave appeal on behalf of the Crown against the decision and award of the Land Court in the matter of To King's claim. The respondent was not present, and probably would not come
The Puisne Judge: th we'll never see him. Hop, the Attorney General asked that his appli After quoting the law on the subject the cation be granted, and the order was given accordingly.
a
The Fall Court then adjourned.
MAN'S HOUSh 'HIS CASTLE,
COMMISSION AGENT IN TROUBLE.
8th init, D. Meyer, a commission agent, of 28, Wynd-
The Secretary having read the notice, The Chairman said the resolution before the meeting was as follows:-
had
Mr. Taylor said that from a fair sample of two tops sent to San Francisco the gross value' of the concentrates was over Spa gold, so that putting the value of concentrates of $65 put them quite on the safe side.
Mr. Lenka suggested that the directors be requested, to draw up a scheme on the tines proposed by Mr. Taylor and that it be laid be lord the shareholders.
Mr. Chairman said the directors would be only too glad to carry out the shareholders' wishes in Lavery way,
Mr. Macleod said the dificulty that aroseTM*** was that the meeting had before it a resolution, and the question was whether they should give the directors power to sell the undertaking of the company. If they wished to sell the com pany they might do so if anyone came for. ward to buy it. If they could find someone to put up the money required, then they could proceed, or if the present shareholders put it up then the difficulty could be got over,
Mr. Leake said bis suggestion was sell 10
a new company.
to
Mr. Macleod replied that they would have to find the new company. If they started a new company themselves, then they could sell to the now company. It was quite clear that had to find the money and tha someone
their minde shareholders must make up
other
people.
seconded by "Mr. Heffer. Perhaps it would number of stamp question was: What could whether they would raiss it, or find it from
Mr. Taylor continued that the company, was reconstructed and so far they had spent an other $4 a share on the new development Now Mr. Verschoyle's work had been really the only useful development work which had been done, and he showed them, that they
was, and to for the Turther the ming develop. ment proceeded the batter results. In the fast astayı inken from the 300-foot leval
some worked out at something over Sto per ion and some at over Sas per ten. The fact was they not been able to take much ore from the No. 3 shaft, where the best ore was found at present, and it was simply because the ore was not sufficiently blocked out, in that direction. the consequence was that the ors which they had been putting through the mice was not the best ore, but might be taken as a very fair average. At present they could not pay ex- penses because they only got considerably less than half the value of their concentrates. If they could melt themselves and double the the situation would be-very bald different. The
o? They would remember that when they do? they reconstructed the company Mr
Mr. Duff told them that if they spent $15,000 for about six or seven months, that they would then be in a position to run their mill. But that proved akogether wrong. They would also remember that when Mr. Verschoyle left them he also reported that he considered, that when the mill began to run they would be able to clear expenses. That also was Fabulous.
It was no use thinking of raising selves. If this mine was to pay it must be another $20,000 or $39.00 amongst them run upon really adequate capital. So far as Mr. Cole advised them they wanted $300,000 and the question was how that could be raised. His own opinion was that the only way it could be raised was to construct a new company buy over this company and to start afresh. He proposed that a new company be formed to fake over all the property and claims of the old
27.314 fully paid shares al Bro each. It was company, with a capital of $1,000,000. The price to be paid to the old company to be
to
whate thing and reconstruct the company. Mr. Sullivan proposed to shut down the They could sell from themselves to themselves. Mr. Macleod said they could go into liquida. tion and do this.
Mr. Leake said he had previously suggested going into liquidation.
Mr. Macleod said the directors could not go
before the shareholders with a scheme because bring was a resolution to wind up and give the they had no buyer. The only thing they could
directors leave to sell.
Mr. Sullivan said that would mean the mine
would be shut down.
Mr. Macleod replied that if the resolution before the meeting was passed, the company
terminated and the mine would be shut down. If that was done they would be practically in liquidation,
"Mr. Sullivan'said they did not propose to shist down.
Mr. Macleod said they, by passing the revolu tion, would give the directors power to, sell the undertaking of the company. If they liked to add to the resolution the words "with the
estimated that the mine could be placed on i thoroughly sound paying basis by an expendi- ture of $300,00, which should be sufficient to double the number of stamps, rect a cyanidingnction of a general meeting" then they could- or sm
on till then. if the directors were Carry or smelting plast, push on development suffi ciently in supply the mill with 160 tons of ore
authorised to sell subject to the sanction of a a day, and test the mine completely with a general weeling then they left the present diamund drill. The capital to be distributed as meeting and got anyone they could to produce the extra money and form a new company to follows:
whom they might sell. To put the company in liquidation would only be to incur aux
32.38 fully paid share to vendors... $273,140 72,686 shares. First call of
$3
$118,058
Second call of 52.145.371
That the directors be and they are hereby Au horised to sell the undertaking of the Com pany or any part thereof for such consideration as they may think it and in particular for cash or for shares, tebentures of securities, in any other Company having objects altogether or in part similar to those of the Company or partly the one and partly.the other or others."
That was the resolution that was left over from the adjourned meeting and which was Bow before them for copiideration. The re solution was moved by the Chairman and be as well for him to make une or two remarks in reference to the present com In Appellate Jurisdiction this morning,dition of the mine. They had a considerable 1.append some times" taken for the benefit before the Full Bench, consisting of their body of ore in the mine developed, which was
Honours Sie Francis Piggott, Chief Justice,
in process of being put through the mill. of your readers-
and Mr. A G. Wise, Puisse judge, the appeal During the last month they had difficulties heard in the matter of the claim of To King to
with labour, so that only one half of the stamps land in the New Territory, known as claim S.. had been able to be dropped, which had New Fermiories Land Court Ordinance, 1900 before th Burvey District No. 7, and in the matter of the involved considerable loss. The month were hung up for five days owing to the stage of water which resulted in a further loss of $2,0... The expenses of the mine were about $100 a day. In the course of necessary unciations in a company like this and with a mill which had been lying idle for mic than a year, there were necessarily difficult es which had to be overcome, and this took time and involved money. Their com pany unfortunately, however, did not have sufficient money in band to allow them to stand losses of this nature. Front all the reports which they got from the mine it seemed to be a promising prospect. There was ore say definitely, ore in abundance but of a low there apparently, though it was impossible to grade character. Their engineer when he was here last month stated thai the depth was going down wider and wider all the -way-from--surface to the deepest depths They required they had yet arrived at considerably more money for development. It was impossible to carry on the develop ment, as they were, going on at present. If they had double the number of stamps to carry on their development they would proba amaret, according to hit statement, made bly pay dividends, but with the present small mistake last night which brought hini as a machinery-they had only 20 stamps-and defendant in a police-court case this morning. having to ship their concentrates to San Fran- There were three charges against Meyer-be-cisco, they were handicapped in all directions. having in a disorderly manner while drunk in They would remember that when they publish- Mr. Manoel Passos' house at No. 7 Staunton, ed the results of the first cleaning out, some Street, assaulting the complainant and his son,
time in April-the 2nd of April-in that they R. Passos, a clerk in the R.E. office, and also
valued their gold bar at 183 ounces and $5,000 with damaging property to the extent of $7.
exican. Taking the difference in exchange, The complainant said that shortly after nine they had realised in grid the estimate given bui o'clock last evening he heard someone knock-
not the amount ins iver. The greatest difficulty
Dividends payable on see who it was at the door. He went FOK
was in concentrates. The cone ntrates were and defendant pushed opro the
The follwing returns were calculated on door and
estimated to be worth $17,000 Mex-can, but struck him. Complainant's son went in sec ftad realised less than half that sum. actual results obtained ince the mill was
they
started this Spring. The bullion from the. what was the trouble and he was drawn into
The superintenden: telegraphed to them that
plates realised a fehction over $1 per ton of the fight then in progress. A woman, who want the value was 565 gold a lon. That was ed to be peacemaker, was knocked downs, Dur-
probably
gre. About 18 tons of are yielded : ion of correct valuation but the smelter
rose concentrates valued less than the actual gross
The ore im- ing the fight 52 words of glass was destroyed.valuations were
al. $63. The tenants in the
valuations. jging house, hearing
The sineller did not give true proved with deeth of working, and what had hitherto been put through the mill was believed the disturbance, blew whicles. When the
valuation of guins or silver. They had no writ alarm was sounded defendant cleared, but was
to be below the average value. The estimated ten reports yel from San Francisco, so they arrested, by Inspector Brown, running away. did not know how to account for the actual returns, therefore, were rehable. If the present Te142111, heir manager at Weibawei, to whom Company had the necessary equipment for treating its concentrates i would make a profit they submitted their first returns, wrote to say. that the returns were actually greater than
even without doubling the stamps. Returns from (saka and San Francisca confirmed the the assay values for smelter returns. There
Present ex- might have been some loss from the bags, but correctness of the mine says.
penses did not exceed $12,50 per month, be stated that the elutus were actually more
and dubling the stamp should increase than 53 per ton more than the assays and that the printed statements made were isleading. them by one-third. To be on the safe side. and to allow for treatment of concentrates. All the directors could say was that this report was issued on the telegram from the manager, they were estimated at $20,000 a month. which was on the table, and from his gross valuation was probably absolutely accurate The difficulties were in the smelter valua tions. There only seemed to be one way of recovery, and that was by putting up
to that without considerable expenditure of capital. In order to develop the mine it was estimated that at least two or three bundred thousand dollars would be required. That was the estimate of Mr. Cole, which was given when he was in Shanghai and was in cluded in the report which was passed at the. meeting. If the shareholders were prepared to
that put up
the development could be money 'carried on as required. If that money was not put up there was no alternative for the company but to dispose of their property; it could not Le catinued as it was at present financed. Those were all the remarks he had to make at that time. If any questions were put the direc tora would be glad in answer them in the best of their knowledge.
14 PM —ONE MILE AND A QUARTER FLAT RACE HANDICAP.-For all Ching ponies, Non-winning jockeys allowed 5 B. Entrance fee $5. 1st prize: A Cup; 2nd prize: $15. (Entrance fees to go to winner.)
Mr. G. K. Hall-Brütton's Preston, 13h zin.
10st. 516.
Mr. G. K. Half-Brutton's Kingston, 13.1, 1st.
3lb.
Mr. W. G. Clarke's 'athan, 13.1, 10st. 13lb.. Mr. W. G. Clarke's Lashmere, 12.3, 10st 316. Father Flynn's The Jobber, 13.1, 10st. 4lb. Father O'Flynn's Merrymite, 12,2, 10, tib, Hon. Mr. W. J. Gresson's Tonic, £3.1, 1st. ill. on. Mr. W. J. Gresson's Mamodeen, 13.2,
10st. lb.
Por: Edward, Weihaiwei,
3rd July, ipad, Gentlemen,-With reference to my letter No. 39 of the 28th March last, in which; acknowledged the receipt of a communication addressed to me by merebants and other re- sidents of this Territory, regarding the tenure- of Weihaiwei, l'have the honour to state that I have just received a despatch from the Right Honourable the Secretary of State for the Colonies, instructing me to inform you that his Lordship has nothing to add to the recent
Mr. A. C. Hyne's Ingot, 13.0, tost. 4lb. statement in the House of Commons by the Secretary to the Local Government Board, viz: Mr. D. Macdonald's Highland Gillie. 13:1, rest. that it is not considered that the transfer of
Mr. H.F. Hickman's Roscommon, 13.0, 10st.
316
rib.
the Russian Lease of Port Arthur to Japan has 2-4.30 P.MELTER RACE. 3 FURLONGS. made any chance in the present status of Wei-For all China' ponies' which have not been entered for any of the regular racing events haiwei, which is leased to His Majesty's Govern
this Gymkhana season. Catch weights over ment, and no action is at présent contemplated
13 stone. Riders in the regular racing events with regard to the lease.
to be barred. Entrance fee $5. Hon. Mr. W. J. Grenson's K.O.S.B. Mr. Logan's Paisley's Pride Mr. Reinbek's Saxonia
I have the honour to be, etc., (Sd.), J. I. STEWART LOCKHART,
Commissioner. Messrs, Cornabe Eckford & Co.
EXPEDITING MAIL DELIVERY.
To us "Eniton or txagang Telegraphs, SIR-Can yuo, anybody else, tell me why the Imperial German maid stearners entering this port with the home mails on board do not stop to discharge their mails in 'e same way as the English and French mads to, as soon as the Past Office launches approach them and signal to them to do so? My business affairs necessitate my being very much afloat around the harbour, and frequently see the Post Office launch going out to meet the German mail boat, and "ooting" away to signal, her to step and hand over her mails for this port; but though the Post Office flag 15 flying, and the presence of the launch in the vicinity of the arriving mail, steamer must be thoroughly understood on board by the
captain and officers, they ignore it all and steam on to their moorings, and then only is the mail discharged. In this way, considerable delay is caused in the delivery of the mail to the merchants of the Colony, often causing serious difficulties, when the incoming mail must be answered and despatched the following A harbour regulation that mail steaners, having mails for this part on board, must stop and discharge them when signalled by the Post Office launch, when in charge of a com- petent official to do so, should abate this an noyance, and prevent our having to wait unnecessarily for an extra hour or two for our mails-Yours, eit
day.
Hongkong, July 18th.
MERCHANT.
Post Entries.*
3-5 PM-GYMKHANA CLUB CHALLENGE CUP-Distance one mile.-Value to be declared when rup is purchased. For all China ponies Catch weights at lost. GR. Winners of an pen race or open grittin race 5 extra Non-winnung subscription griffins allowed 5th Non.winning jockeys allowed b. To he won by the pony scoring most marks in the race for the cup, counting 4 points for a first; 3 for a second; and for a third. The benefit of marks already scored to pass with the pony on a sale. Any winner the sace to carry b. esa for each win in subsequent starts for the cup, but in the event of a pony carrying the penalty, not winning, z. to be deducted next time he stars. Penalties accumulative up to 15. Entrance fee of it to go the purchase of a memento to the winner of each race, and S15 to second pony aut of the Club funds. the conclusion of the season a cup, value $100, will be presented to the owner of the pony obtaining the second highest number of marks:
Ai
Mr. G. K. Hall-Bruston's Kingston, 13h. in.,
11st. 12h.
Mr. W. G. Clarke's Pathan, 131, 1018. 116. Father O'Flynn's Merrymile, 12.2, 10st 6lb. Hon. Mr. W. J. Gresson's lonic, 3.1, rast 6ib.. Hon. Mr. W. 1. Gresson's Mamodeen, 13.2.
zost, bib,
Defendant said he only had a couple of drinks last night, and some cigar ash must have gon into his last drink and it got to his head. When he left a lintel he went to visu a friend. at No. 9, Staunton Street. One sturcase led up both to cumplainant's house and defendant's friend's dwelling place. When he got on the top floor he went to the wrong door and the complainant and his people "flew out and thrashed him with sticks His Worship laund defendant guilty, remarking that a man's house was his castle, and fined accused $25, and bound him over to keep the peace for thres
mouths.
a cor
788 ROYAL HONGKONG GOLF |a smelter of their own, and they could not
GLOB
18th inst.
The monthly competition for the Robertson Farewell Cup was held at Happy Valley on the 16th July, gob. The following returns were handed in nut of an entry of 361-
Dr. G. M. Harston* Mr. E J. Gast Mr. C. W. May
•
Mr. F. J. Beley ... Lt. H. Wilson, R., Mr. J. Clatit....... LL. C. B. Down...... Mr. E. V. D. Parr Mr. D. B. Murray .......
it. Norrie..... Mr. W. C. D.
Turner... POOL.
MỘT
Mr. E. J. Gristt...
Mr. C. W. Mayt.. L. H. Wilson, R.N...
Mr. D. . Murray
Mr. J. Clarkkuun
2-13-77
86-5-81 91-10081 97-15-82 ...84-1-83 ..."937-85 .949=85 100-15-85 23--06 101-1190
86-5=81 86-5-81 97582 100-18-82
84-1-83
Mr, É. V. D. Parr ****** 94-985 *Winner of Cup. Tie for Pool. The next quarterly meeting will be held at
Mr. D. Macdonald's Highland Gillie, 13.4, 206.Happy Valley from the zist to 23rd July.
1lb.
Mr. D. Macdonald's Highland Crafter, 13 1
Jast, rib.
Mr. Godfrey Master's Blue Nile, 1.31, 1981, 11lb. 4.-5.30 p.m.--LADIES' NOMINATION.
- Post Entries.
HONGKONG VOLUNTEER RESERVE | 3.-6 p.m.—THRED QUARTERS OF
ASSOCIATION.
༈
A MILE RACK. HANDICAP-For all China ponies. En Non-winning jockeys allowed 5 lb. trance fee 55. ret prize? A cup and prize: Sas. (Entrance feato go to wliner.)
G. K. Hall-Brutton's Kingston 13b. 1in., J751.-41b Mr. W. G Clarke's Pathan, 131, 191, 13th. Mr. W. G. Clarke's Lashmere, 12.3, 1011. 13lb. Mr. Walter J. Daniel's isluchi, 13.3, 10st. 5lb. Father Olyan's Merrymita, 12,3, Jost, gib, Father O'Flynn's The Jobber, 13.i, spst.glb.
18th inst. The following are the highest scores mader in the Pool competition at the Kings Park Fange on Saturday and Sunday the 14th and 15th inst, foo varde range:-
G. H. Wakemun. 63+ 6-69
A. G. Newington......
56+13-09
58+9-67
52+1264
46+1864 49+14-63 40+12-61 60 scr. -60
48+12=60
Dr. Pearse
J. McCubbin
R. D. Atkinson
E. W.
S. A.
1. H.
Pidgzon
A. J. W
A.
R. M., Ezekiel ............
43+19-59
W. Chatham...
Dr.
G. M. Harston....
J.
49+10=59
30+20-50
A. Jenkinsmark 49+ 55
Lewingdon ............ 534
Dr. W. A. B. Moon..... 40+14-34
E. M. Moon...
40+14-54 33 ser, $3 H.T. Richardson ....................... 44+ 8 G. E. Morrall
********* 32420-57
1. C. Cowic
A. G. Pile.... 39+12=51
JAPANESE residents in Vladivostok already Bumber over 3,000, and have formed an 2130 ciation for the protection of their interests, Mr Kawakami, Japanese Commercial Agent, is the chairmaste Association.
A DANGEROUS PRACTION,
DYNAMITE FOUND IN CANTON BOAT.
18th ins.
in question
Cash required. .5363.430 Leaving to be called up for develop.
ing other claims, elca puna
fon
ESTIMATED RETURNS.
48,000 tons of ore, giving on the plates bullion at G. $ per
1,666 tons of concentrates at
G. $63 per ton..
363.439
363 430
$1,000,000
636,570
$ 48,00
G. $173,295
G. 221,29 or Mex: $447,580 i cas expenses $240,000
Profi Mex: 8202,580 equivalent in a dividend on a paid-up ca ital $636,170, or 31.8 per cent.
The reason he suggested. that the share bolders should be paid at the rate of $10 was that they bad actually spent on the mine absour four lakhs, that was to say that development and the mill, and other expenses had cost about that sum. They had learnt by experience what to do; they had put the dung beyond any doubt; this was no longer a speculation, would be Mr. Taylor said there seemed to be an opinion
a grea: pity if Shanghai should give very prevalent in Shanghai that their mine was up this mine. it seemned to him that the mine worthless and it might be just as well for him had been proved. They could see the plans, to say a few words to dissipate that idea and and it was only the fact that they had been s explain how it had arrived at the presents posi short of capital and so badly advised that they tion. He did not wish to abuse anybody, but bad come into this positing. He would like to he thought the old company was very badly Bee Shanghai take the matter up and put the served by its expert advisers and it washing through. (Applause.} due to them that they had had so much trouble. In the first place, some gentleman was consulted as to what would be a proper capital to raise, and it was on his advice that the capital was set at $600,000, a. capital which, had praved absurdly inadequate and showed that this goleman either knew nothing about gold mining or had some other interests la serve or simply wanted the thing floated. Qui of that amount of capital $300,000 was paid to the vendors, and he was not at all clear that the mine they were now working was the one they obtained from the vendors, in which case they paid away $100,001 for nothing. Was that so? Mr. Heffer replied that it was one of the vendors' claims they were working on at the present time:
Mr. Sullivan Asked if Mr. Taylor's remarko were endorsed by the directors,
The Chairman said in general he thought what Mr. Taylor had stated was the position. In reference to stamps, $30,000 would not cover the wing of foundationi, and probably if they put up 40 stamps they would have to face the question of puiting the mill in a proper placed the place first contemplated
Mr. Leake asked what would be the cost of a smelter,
The Chairman replied that he had not the least idea.
Mr. Blount asked if the directors had any proposal or scheme or indication as to the way they proposed in dispose of the mine, ar if they had anything to lay before the shareholders,
The Chairman said at that moment there was nothing before the directors at all. They simply had this resolution. There was a letter on the table from the mine manager which
expenser, as, having put the company into liquidation, necessary proceedings must take place they could not leave the matter and do nothing.
The Chairman said the directors appreciated Mr. Sullivan's iden that the mine should not be shut down, but be carried on. The directors found it absolutely impossible to carry on the mine with only twenty stamps. If they put in forty stamps they wou'd require a great deal more are, and that would take time.
Mr. Sullivan said he wanted the mine con. tinued and not the milling,
Mr: Taylor proposed that after the words are hereby authorised," the words "subject to the sanction of a general meeting "be inserted in the resolution."
Mr. Leake second.
The amendment was carried nem "zom. On the resolution as amended being 'pat before the meeting, it was also carried without any dis- sentient vote.
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This disposed of the busineis and the Chair- man thanked the shareholders for their atten- dascr. C. D. News.
·
SINGAPORE SHIPPING FOR JUNE.
TONNAGE OF EACH NATION..
We (Singapore Fres Press) have minde a Careful compilation of the shipping of different nationalities entering the port of Singapore during the month of june that has just expired, This statement shows the number and ton. nagé ni mercantile vessels over filty tons burthen and does not include yachts, men-o'- war or other craft, such as transport accom. panying the Drey Floating Dock, but Russian vessels of the Volunteer Fleat could not well be omitted, as they are large cargo carriers.
From this is seen that the proportions
are -
British -German Dutch French Паратеве Russian Norwegian Spanish Austrian in Italian ....... Danish.....................
No..
228
Tonnage,
331,437
42
99
71,626 49.569 38,187 20,746 20,394 13,847
7,844
7,058 5.796 5,050 4,545
LI
Other Nationalities
Total..... 439
575,495
The last named include vessels under the Sinmese, American and Sarawak'flags..
The countries which include cosiling craft under their flags are British, German and Dutch, but Norwegian vessels are also of small burthen plying principally to Bangkok,
Number is by itself of less value as a basis on which to deduce general truths than ton nage, although for comparative purposes, If separated for the ocean traffic, it might be of some interest,
Te is thus seen that British tonnage repré: sent 57% of the whole, German tonnage about 12%, Dutch 81% French 6% Japanes and Russian about 31% each and the balance is supplied by other flags.
description. At three o'clock in the morning of money was waste: on Sugar Lone might throw some light, on the question of the average largest tonnage per ship, but of Han Mr. W. J. Greason's tonic, 13.3, #XNÉ, 2}. { ?uliar-looking article, which he showed to the Hilt by MF: MT. Fok, found a magnificent of the concentrates as Sig. 20—gold, Sto jailver, I named include a large number of coasting
Kon
n. Mr. W. Gresson's Mamodern, 33.2, 10st,
Sib.
Mr. F.H. Hickman's Roscommon, 13.0, 10. lb. Mr. A. C. Hyne's Ingot, 13.0, 10st, tolb.
mer
the
Mr. D. Macdonald's Highland Roider, 13-1,
1011, gib.
Mr. Ottery's Red Herring, 130, 1981. 7lb. Mr. Ouery's Tetbelbert, 13.1, 19st: gth. 6-6.30 pm. HURDLE RACE-For China ponies. Distance about one mile and a quarter. Catch weights to st. 8 lb. Winner
Enough dynamite to blow the bottom of a ship to pieces was discovered on board the Beamer Konstung on the morning of the 14th inst, while on a journey to Canton, and in consequence of that twn coulies were charg ed before Mr. I, H. J. Gompertz, at the Police Court this morning. One of the coolies is em- but the other
The average size for British vessels is 1.453 .ployed on board the Kwengine.
tons, German 1,705 tons, Dutch go tons, is unknown to the compradore.
The charges
Mr. Taylor continued that at any rale
they
French 2,246 tons, Japanese 3,458 tons, Rus $300,000 for it out of the small capital, against the defendants were: souding dynamite paid $300, them only $300,000. The shares
sing 2,266 tons and other nationals 1,135 tonu on board the vessel on the 14th
each, were not all issued and they had to start work puting dangerous goods aboar: under a false
pring with
It will be thus seen the Japanese turn out anly $260,00. In the first place a certain a triminer found among the coal a amount
Mr. Dawsan, and where the Corean these concentrates. He gave the gross value course the explanation is that the, three first chief engineer. The latter took the article to
to maining engineer, the captale and on examination it was found to mine." He seemed to have struck a little on 56 lead $13; copper, 57.20 (over) and he said vessels of small burthen and this is especially
A lick of dyesmite. be A
Orders were im each side of it and found ore, and immediately that the smelter values in San Francisco, makin as regards vessels under the Dutch flag.
The largest number of ships entering on |
mediately given by
so that they lost from the gross value $14 Gold Donker, and the result was that 100 prunds
per top in the smelterers deductions for sels aggregating 35,170 tons burthen came in of dynamite were discovered among the coal
copper, silver and lead. Over and above their and on the arst, 28th, 18 vessels entered, com, On arrival at Canton the captain of the Kwong
The smallest number of entries was on 22nd tung reported the matter to the British Consul,
charges for smelting they took 514 from the ing next in importance. actual value, Whether the smelterer got this, who duected him to hand over the dynamite to
or it was lost in smelling, he did not know, June when only seven steamers arrived with the Customs, and to take the defendants back
Then in addition there were the
for charges
an aggregate tonnage of 10,072, bzuling
The largest vestel entering the port was the Holt steamer Oasia which wader the now re surance, freight, transhipment to smelter, smel. gister stands at 5,676 tons net, followed by the fer charger, etc., which amounted to $19. German mail steamer Zeiten of 4.980 tons re: This meant that from the values of the metals gister and after these the Seydiis, Palermo, in the concentrates $33 a ton went in charges | Jason, Parim and Deucalion, and on loss of concentrates, and they only got $32. From these figures shareholders could THE majority of the schools in this Colony see how very quickly the loss would be turned
are now enjoying one, month's midsummpe into profit if they had some way of dealing holidays," and the children are revelling in this with the concentrates on their own ground.
recognised parlod på delte far niente.
Captain Walker to search | advised the directors to set up a mill. Mr, ing deductions for copper and land, gave 851.only one day was on the 4th Juna wben 20 vası
Duff at that time was expert adviser to the be a reputed 19 company and he was man of considerable experience, He went up thaie and had a look at this hale (laughter) and advised the shareholders to put a mill Mr. Taylor had seen a great deal of Mr. Duff
straight
of burdle race at first, second and third to Hengkeng and have them charged Each and thought he was a perfectly
man
Xan to carry 5.lb. extra.. Entranca defendant said that he had been paid $1 to take and a good mining engineer, but he now walɑand lighterage, transhipment at Shanghai, in- the dynamite to Canton. The firm defendant thai Mr. Duff was responsible for the ruining and the concentrates to Weihaiwal, Storage
fee $5. K prize; A cup; 2nd prize: $15. (Entrance fees to go 10 winner,) Mr. G. K. Hali-Bruttocks Preston, 13h. zin.,
fost, raib Father O'Flynn's The Jobber, 13. rost, Sib,
10
an employes on board the ship-said he was of this company. He must have known at the told when asked to take the dynamite on board time the mill was put up that it was absolutely that it was medicine, but he could not explain impossible to feed the mill with eighty tone a to the Court, how, knowing that it was medi. day. The mill was ordered, and it cost the Hon Mr. W. J. Grenson's Glenbuenight, the coal bunker. His Worship, said he what their expert adviser in the first instance he did not store it in his cabin, but hid shareholders rather more than three times Hon, Mr. W. J. Gresson's Eager, 12 3:1ost, 8lb, fid not believe the story of either of the accus said it would. It cost $9,000 out of their Commandek H. D. Wilkin's (R. N.) Linkman.ed and imposed a fine of $500 each, with the limited capital, Mr. Duff told them at a public
option of six months' hard labour.
meeting that as soon at the sismps began to 13.2, 1041. Blb,
Jost, 13lb.
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