1907-02-09 — Page 6

QUBEN'S COLLAGE.

PRESENTATION OF PRIZES.

4th inst.

The annual presentation of prizes at Queen's College was held in the spacious hall of the college at nous, to-day. His Excellency the Governor, Sir Matthew Nathan, who was ac companied by his aides, presided Among those present were: Lieur. and Mrs. Gott, Hon. Mr. E. A. Hewett, Hon. Dr. H&Kai, Rev. and Mrs. Pearce, Rev Mr. JH. France, Rev. Dr. Bar dett, Rev. Mr. Wells, Chev. Z. Volpicelli, M. Woodcock, Messrs. Ho Kom Tong, Lau Chu Pak, J. Braidwood, G. Piercy, Frank Browne, W. H.Williams, Capt Hall, Bro. Sylvester.. Mr., Mr. and Miss Craig, Mr. and Mrs. G. P. Lammert and others,

..

THE HEADMASTER'S REFORT, Vr. G. H. Bateson Wright, headmaster of the college, read the report of the school, as fol- lows:Your Excellency, Indies and geotle- men: The annual statistics having assumed a stereotyped character call for no special re

THE HONGKONG TELEGRAPH SATURDAY, FEBRUARY

1 will ask your Excellency to distribute the AMOX MUNICIPAL COUNCILS prizes, SARANNO

Away

ANNUAL MEETING.

Minutes of the annual meeting of the rate- payers of Kulangao (Amoy), beld at the Board room, on the 28th January, 1907

Dr. C. Merz, consul for Germany and senior consul, was in the chair.

The secretary read the notice convening the meeting.

mark The total number on Roll for the year (one failing)-the marks of four ranged from 79tion frst classes. The other schools, Chinese authorities through the proper chan-

1907

THE "SHALL" TRANSPORT LAD | Bnt ten "years" working, & until the amount

TRADING CO., LD.

SCHEME OF AMALGAMATION,

of £283,000: 18 wiped out; but should the dividends received from the new company; în this form, not suffice to extinguial" that sum during", the first to years, the new company" is to itself discharge any balance remaining at the expiration of that period. The new come pany takes over at agreed prices the whole" of the stocks and materials belonging to both companies, as any outstanding policies of "in- garance assurance. The new company will indemnify both the Shell Company, Mestrs M. Samuel and Co., and the Royal Dutch Company in respect of any consequences drising through any breach of the agreementi under which the properties are held. Notwiths standing that the power of the management of the business will be in the bands of the Royal Dutch, it is expressly provided that no further capital is to be erected or issued, and no fresă parties shall be admitted an shareholders ex- cept with the consent of four-fifths of the direc tors. It is also provided that in the event of the liquidation of the new company, or its sale as a going concern at any time before Jan.

held notwithstanding that the shares in different proportions. the net proceeds up to an amonat of nine millions sterling shall be divided equally between the Royal Dutch and the Shelf Company, and the balance only to be divided in the proportion of the shares held by each company. As a consideration for giving the Royal Dutch the practical control of the business, it is expressly provided that for a period of ten years from Jap. 1, 1907, the first 6375,000 of profits available for divideed in each year'shall be dealt with us follows—(1) TonTheGrst 50,000 is to go to the Shell Company:

tianeral Intelligence paper was better than last

·ybar. Class VIII was abolished in 1906, ais additional section being added to each of

THE GOVERNOR'S, REMARKS the classes V. and VI. Only thres sections of Class VII, and two of these will be semoved next

After the prizes had been distributed,' his term. It is therefore probable that the prepara. Excellency addressed the gathering at some tory school in connection with Queto's Collegs length. He said, in part, that he wished u

An extraordinary general meeting of The❘ will cease to exist in the course of this year. thank Dr. Wright for the busine.slike 'report

"Shell" Transport and Tending Company, Li- Half an hour a week was allotted to each of he had just read concesuing the progress of the

mited, was held at Winchester House, Old the new subjects, geometrical drawing and chilege during the past year. At the com algebra in Class IV. Though very little can be

mencement of the raport he referred to the

Broad-street, E.C., on 31st Dec., lo consider the following resolution: "That the com- done in so short a time, it is hoped that even a

stereotyped remarks regarding the attendance at

pany do hereby authorise the directors to enter slight acquaintance may prove advantageons the college. The college had 1,000 boys on

into such agreements as may be desirable to to boys promoted to Class 11. Gardiner's Out the roll, but could not increase that number

carry into effect, the scheme for amalgamation lines of English History was substituted for owing to the absence of proper accommoda-

Mr. F. R. Marshall, chairman of the Moni. between the company and the Royal Dutch Brief History in Classes 11 and 111. There is

tion. If there was any increase, to be made it

te it cipal Council, in presensing the annual report, Petroleum Company, Limited, which has been on the part of boys to assimi would not be is numbers, but in higher accounts and balance sheet for 1906, to signed by Sir Marcus Samuel and Mr. Deler Late and late and reproduce matters of detail in narrative standard of education. Some time ago the acther with the Estimates for 1997; 10-ding, dated September 12, 1906, with such mo- that afford amusement but are of no historic preparatory school was abolished and the marked:-Gentlemen, The printed report that difications, alterations, and additions as the value. Optional.classes show considerable ad- accommodation thus rendered vacant was given has been circulated amongst you for cams Board may determine, and to concur in the vance. In senior trigonometry 4 boys were to the lower school. Last year, he explained, days, give you a fair outline of the work formation of the two companies necessary to

the college consisted of eight classes, as examined (one faiting): three attempted the

dove during the past twelve mänths, but I carry out such scheme, and to do all other follows:-113 boys in the upper classes,

venture to think a few supplementary remarks things which may be desirablp for that pur- solution of triangle with given, logarithms One boy completed the solution, the other 456 in the lower, and 78 in the prepara-

from me may not be taken amiss. First of all, pose." Sir Marcus aamuel presided. Mr. E. classes. .made a slight'error' in discovering the second | tory with last year and the seventh class gentlemen, I will refér 10. your; last aunual

The eighth class was done

A. Smith Rewas having read the notice con- meeting, when you carried by a small majority vening the meeting witt

disappear this your, ao additional "That the incoming Council gradually re-

being provided for the fourth,

duce the number of Sikhs, and approach the

nel, to provide an efficient detective force to be said he, will in future prepare schoints for the Oxford Local Examination and this will be paid for by the Council," Well, your Council from the Government District Schools, Wan- carefully considered this suggestion. You will chai and Yaumati Schools having already re

note I mention suggestion, as we did not think you had proposed and passed it with any other Cognised their responsibility in this matter, Lasi veir was not a very successful year for Queen's

idua than that we should take si nu a sugges- College, H.E. observed, as only twelve certi- tion, and not binding on us to comply with obtained as against twenty-two in the previous fendent of 1 olice we came to the conclusion that it was not advisable to do away with the year, while in a school he visited two days ago (presumably the Diocesan School and Or

Sikh Police Force. It may be, gentlemen, that phanage the same number of certificates were

some of you hear reports about their mis- in that school. In hygiene Queen's College

qur force consisted of nativer, you might not did not do so well this year, having failed to

hear so many complaints though there would secure the prize, which they won the previous be much more reason for them. The Chinese year. On the other hand, he was pleased to hear from the examiners that the instructions do not like the Sikhs and, for this reason, they in the college were really improving. Re-y be more valuable to us. The force we now have totals eighteen in all, and some of ferring to the number of boys who have left them have been with us for years which speaks school during the past year to take up appoint-

well for them, and this in itself is a justification for our continuing them on in the Police ments, H.F. hoped that they did not leave the college before going through the whole course.

Force of the Island. On the resignation Concluding, his Excellency hoped that next

of Lieut. Cal. Mackenzie, we were far-) year will prove a better one for the college, tunate enough to secure the services of Mr. that they will secure twenty-four certificates al.

Mitchell as Secretary and Superintendent of the Oxford Examination, that they will win the

Police, whose long and honourable career in Hygiene Shield, that they will do better in the

the British Army, so strongly appealed to o's

side. In junior trigonometry, 6 were examined

lo 85. Geometrical and made! drawing were offered this year instead of Freehand. Madel drawing was very successful, 5 out of 7 boys passing with marks varying from so to go. Only two boys out of seven passed in geome trical drawing with 58 and 45 marks, respective ly. Several candidates employed only four sides when required to draw five sides, others drew

pretty designaunasked for. Kwan lukiobtain

1932,

are

ed the highest marks again as he did last year,ficates for the Oxford Local Examination were forthwith. After consultation with the Superio-i. A vital preliminary was the investigation then Z12,000 to the Royal Dutch Company;

a report

The Normal Master, Mr. Halphs, în to myself, speaks very highly of the work done by the articled and acting pupil teachers, and my observation during the year together with the pro me heartily examination is teaching. Icaver approval

was 1,418, the average daily attendance 100 -The regular attendance of scholars continuica to be a very satisfactory feature. School was held for 231 instead of 235 days. There would have been an actual gain of nine days, but the college had to be closed on three days an account of typhoons in the last fortnight of September. The total gross expense of the college, including a special vote of Sooo (Financial 'Minute No 46) language allowance to Mr. R. E. Q. Bird, was only $56,132 as against $60,555 in 1905. This decrease is chiefly due to the low rate of exchange taken in the estimates as opposed to the actual high quotation of the Mexican dollar in the market:

to endorse his remarks of the balance may be attributed to reductions

I also agree with him about the disadvantage in salaries caused by new appointments at initial salaries. One-tenth of the amount proof young inexperienced teachert taking charge vided in the estimates for Queen's College of large classer of So boys, but the excellent lapsed. The share of the public in the cost of results in VIA, do not support this theoretical Queen's College for the year 1906 was 44%,56% objection. The seventh class in the lattet being defrayed by fees and refunds,. The cost half of the year appears to have suffered from the intrusion of scholars, who were not of each boy to the public revenue was $24.48, or $4.21 less than in the previous year. The sufficiently grounded in, the merest elements fallowing changes in the staff took place dur- of education Stricter precautions will be taken in the future. Some half dozen hays ing the year:-

were dismissed in Uctober for having obtained admission under fase pretences, being prae tically unacquainted with the alphabet. The rnacular school bas made great progress,

restored-here, of the boys were bottom class and one-thirteenth in the top class these conditions have this short time been reversed, as is manifest from the table below:--

February 1st, Mr. Ralphs appointed normal

master.

March 15th, Mr. A. 1. May, second master, retired on pension.

|

obtained although there were far fewer papit-behaviour, but I am inclined to think that, heen accepted in principle by both Boards, so Dutch, and 40 per cent, to the Shell Company?

|

The Chairman said: When we last had the pleasure of meeting the shareholders 1 fore- shadowed the conclusion of an agreement for the amalgamation of the interests of this com- paay and of the Royal Dutch Petroleum Co., Limited, the principles having been agreed at a meeting at The Hogue in July between a com- mittee of our board and of the Royal Dutch. A provisional agreement has been actually signed by Mr. Deterding, managing director of the Royal Dutch Petroleum Company, and by my of the properties and of the liabilities of the respective companies, and I am happy to say that then 100,000 to the Shell Company; (4) these, as was to be expected, are proving satis then 113,000 to the Royal Dutch; making a factory to both parties and the agreement has

total of 60 per cent. of £375,000 to the Royal

thit, subject to the sailtiement of necessary Any deficit in the payment of this 60 per cent, detail, and to the formal consent of the share to the Royal Dutch or 40 per cent to the Shell holders of both companies, we may hape to Company, in any year of years is to be made see the acheme carried to completion on or be

up out of the surplus profits of subsequent years fore March 31. In order not to lose the great before any further dividend beyond the £375,000 advantages accruing from the very moment of in payable. The Royal Duich is to purchase joint working, steps are already devised which sad pay for as on Jan. 1, 1907, 500,000 ordinary will make this come into operation for practical

shares of £1 each in the Shell Company at 301. purposes from Jan, 1, 1907, although the ac per share ex 5 per cent, dividend for 1906, Counts must be kept in such a fashion that The Royal Dutch undertakes not to part with

Any of these shares without the consent of the should, by any chance; the amalgamation not be carried through, na adjustment between the Board of the Shell Company. I believe the companies will be feasible. Before giving you

concise' details which I have thus given will ‹ the actual details of the agreement which has enable every shareholder to grasp the bearing the combine it was distinctly to declare

it is a defensive and an

16th, Mr. 1. K. Dealy appointed second Two years ago, when dat ee by vicle in the year arrives the headmaster will prevent a re-when-making, our selection fram-applicants-for-been-open-for-inspection. by shareholders at

master.

16th, Mr. R. E. D. Bird promoted senior as- sistant master.

June 16th, Mr. Tsang Chung, and Chinese assistant, died.

17th, Mr.Te Ching-fong appointed and Chi- nose assistant.

November 5th, Mr.A. W. Grant, senior us sistant master, returned from leave

November 29th, Mr. A. R. Sutherland ap pointed junior assistant master.

October 8th, Mr. Tang Tsok-san articled pupil teacher as from 5th November, 1995.

Vernacular School Class (lowest)

60 boys

93 200 142

*3—(highest) 214

709

Total examined--

IA

Shang

port such as never has been presented to a Goverporis Hongkong before. (Applause).

Dr. Wright thanked the Governor for his kind reaks and hoped that his prophecies Regarding the hygiene would be fulfilled subject he would be sorry if H.E. went away thinking that the subject was not taught well. The work of the inferior masters, he said, would be attended to

His Excellency announced that the vacation started to-day and he hoped the boys will have a good holiday.

THE PRIZE LIST..

4:

of

Chung tat chi: Chiu Kong Tai Tung-pai; of kitchen refuse, &c, and ask your assistance.gation, most valuable properties have been dis. interests of their shareholders but to recognisa

1

post, your retiring have company the last re days, nothing but the very best lor part about his will point out to you the principal reasons alliance, but it must be quite obvious that we services during the six months he has been why an amalgamation between the two com

are in a better position to make treaties or to with us. Turning to finance, I may point out

panies

a matter of urgent necessity to both.

conduct our own defence, when acting) in to you a slight discrepancy in accounts which The Nederlandsch Indische Industrie en

perfect anison, than when we are obliged to some of you may have noticed. The amount Handel Maatschappij, owned by the Shell consider conflicting interests. There are two carried forward should have been $1,243.03 Company, have erected at enormous cost. points which require explanation. The first is and mat $743.03, the $500 is an amount we refinery capable of trosting at least 12,000 tons the item of £285,000, the remaining liabilities handed back in connection with lottery fees of crude oil per week, together with adequate of the Shell Company, which arise, of course, previously collected. You will see, gentlemen, storage. They, in common with other con- principally from the fact that we have under. our last year's expenditure was practically tracting producers, market their oil through taken to and 200,000 of new working capital: on a par with our income, and considerably the Asiatic Petroleum Co., Ltd, in which for the combine, but I think it will be a source in excess of estimate given in nur last report. the Shell Company hold one-third of the of great gratification to the shareholders to Gad 218 boys in the upper school and 34 non-

shares, the Royal Dutch "Company" one-

that the financial position of the company is so By the retirement on pension of Mr. A. J. Chinese in lower and preparatory schools bring. The proceedings were brought to a termina.This, in a measure, was due to $981.10 de

sound as to have enabled them to discharge May 18.0, the college lost the services of a these figures up to the total of ghe examined in tian by cheers for "The Governor," "The ferred pay for Police Force, whice had been third, and Messrs. Rothschild and their friends most energetic and capable 'second master, English school. This access to the 5th class Headmaster" and "The Visitors,"

overlooked iu estimate, 5700 more spent on one-third, The quantity of oil deliverable to the whole of their outstanding Habilities out of whose connection with the college extended over appears the more satisfactory when it is rá

uniforms than was estimated for, and an extra the Asiatic Company by each party is limited their own resources with the exception of about 27 years, 18 of which were spent in his intemembered that the original scheme of the

$300 on prison charges more than allowance by agreement, and the minimum quantity £150,000. It is quits impossible for us to important past. lie acted as headmaster for Governing Body made provision for four classes Following is the prize list:-Oxford Local was made for. For the catrent year, After which the Nederlandsch Indische is entitled state definitely the amount of the Shell Com to supply would not suffice to keep the refinery pany's requirements until the books for 1906 ara two periods of years each. For a couple of only. In a short time about half the scholar Examinations:-Seniors: Ny. Cheung-hau, allowing for interest on debentures and sums

at full work. The Royal Dutch Company have made up. They will probably amount to years he was-Principal of the Normal School at

2 Chung Ping-shang, A Juniors- Wong that we consider will cover road upkeep and in vernacular school will have Chinese mlain- Wanchai and his pronounced ability in this

ments in excess of the maximum required by

Pui-fang: 2 R. J. Mooney, 3 Chung Shing-yau, other outgoings, we, anticipate a balance of developed a production of oil of their own in £350,000, but upon this, as 10 £280,000, direction was utilised in this college, whenever

some $4co income in excess of expenditure, Koetei, adjoining our territories, which, if they they receive 5 per cent, interest from the authority. Through the munificence of the

Preliminary. Chung Qui-sing, a Lo Chin

new company, and 1 do not think 1 am at his services could be spared from the upper brothers Ho, old bays of this', entlege, five new hoi, 3 D.D. Ozoria. 4 Ng Ka-pui, 5. Lo Qu-nin which, if conect, 1 think must be considered wanted to refine upon the spot, would neces

satisfactory. In conformity with permission sitate the erection by them of a refinery, and all sanguine in predicting that, without un sections.

The appreciation of his long and scholarships have been founded.

6 lo Yau chim, 7 Pun Kwok cheung Class 1

our dividends, was meritorious term of office found general ex- Wright Scholarship, Class II Ho Tung, Class Scholarships: A Senior Morrison: Cheung granted at the special meeting of ratepayers tankage at great cost, and which would be a duly trenching upon pression from the highest to the lowest. His

III Ho Fook, These are of the value of Sroo Ting-shang, Stewart Cheung Lun sang,

held on the 75th April last, authorizing the useless duplication of the already existing shall be able to discharge this debt in Majesty the King war pleased to confer upon eacli and tenable for one year. They were

Senior Belilios: A. Arculli, Blake : Ng Cheung,

Council to issue debentures up to $10,000 facilities Although selling through the same very short time The directors have made him the Imperial Service Order, His Excellency presented by Messre, la Tung an! He Fook, hau; Wright: Ke Pak-ming, 11A Ho Tung: bearing interest at the rate of 5% per medium, the two companies are still practically arrangements to borrow the sum required as the Governor, at the prize distribution a year the Scholarship in the first class being at their Tso Chak min, Ho Kom-tong: Wong Ping-annum, we offered same and up to date competing with one another, since their in an ordinary debt at 5 per coat, per annum tó age, in most eloquent terms eulogised his ser

kind suggestion called after the present head. chiu, Junios Belilios: Tsu Chim-fong, Ho $17,200 have been applied forand alloted, and we teresis constantly conflict The Royal Dutch be repaid at the convenience of the company. vices to the Colonial Government, the Eng- master on the completion of twenty-five years' Fook Shin Cheng-thang, Junior Morrisoni

have erected a plant which is turning out about The next point is that the preference share have a guarantee that the balance will be taken require the inonay. We lish and Chinese masters: boys, past and service. The subjects are hygiene, geography Tai Teng-pui, Alfred May: Hung Kwok-chi up whep the Council

Son tons of paraffin wax per month, and the holders obtain for a period of ten years a prior present, to the most recent admission, vied with and translation from and into Chinese. Class 11. Machell Prize: A. G. Suffiad, Pupil Teachers have bought a very suitable plot of land, cost product is finding a ready safe. This plant is, right to their dividend on the earnings of the one another to do him honour. The death of Ho Kom-tong Scholarship, Class IV Alfred May. Leung Wing-wai. Translation: (E-C C-E): ing $3,700 and buildings for Municipal Gaol, however, created in Sumatra, whereas the ail whole combine, whilst they have, of course, ta Mr. Trang Chung, after 19 years' service in These are of the value of 160 each and were Ng Cheung-hau. History: IIA Wong Tai barracks and quarters &c. will be proceeded containing the most valuable parafin is pro perpetuity the first claim apon the shares of the this college, as pupil teacher, and the last 5 the gift of Mr. Ho Kom-tong, at whose request kau, B: Lo Chui-chi, 111A: Ng Ka-pui, with after plans have met with the approval of duced in Borneo. Whether this amalgamation Shell Company. The ordinary shareholders of years as second Chinese assistant after various

goes through or pot, the Shell Company intend the Shell Company also receive a dividend of 5 B: Fun Kwok-cheung. C: Ng To-hoo the ratepayers you to-day elect to form your the scholarship in Class IV was called after our

to forthwith erect a plant capable of turning per cent, per annum in priority to the share-- steps of promotion, deprived the college of a late second master, Mr. May, recently retired Composition:-I AS, Moosa; B: R. J. Moo Council for the current year. I think it will be

out 1,000 tons of paraffin wax per month, ex-holders of the Royal Dutch this being a se very faithful and competent, master. By con. on pension. These scholarships are awarded. ney: IA: R. J. Judati; B: Ho Yau Chiu; gratifying, gentlemen, to you all to learn from scientious study he had attained a high reputa to the winner of the highest aggregates in the IIA: Fok Miu piu :: La Chiu hok; C: Fok the Health Officer's report, that the general perience having shown beyond any possible cessary guarantee that the business will be tion as instructor in translations fem and into chief English subjects with translations. The Tung. Drawing:-Kwan luki. Hygiene health of the Island, during the past twelve doubt that the crude oil available for this pur properly conducted by the personnel of the Chinese,

The building suffered compara- donor have skilfully avoided collision with Class Prizes: Cheung Ting Shang, Ng months has been antisfactory. This is due pose is forthcoming Failing an amalgama. Royal Dutch in the interests of the concerned. tively but little in the great typhoon existing scholarships. The following list o

tion, the Royal Dutch would also erect a plant Your directors have given the most careful Cheung hau. », Yeung pak-un, Mok kaifuk, chiefly to the sanitary regulations now in

in Kostei, and there would be constant com consideration to the scheme as a whole, and of the 18th of September. The ball was successful scholars may be of interest in con- IA: Chang Kam-lung, Lau-king Ching, force and which our Inspector is instructed

whilst they have been saturally reluctant to' flooded brough the ripping off of a

nection with the preceding paragraph:- Ka Sik-ying, Chung Pik Sheung, IIIA, Fung to see carried out as thoroughly as possible patition and friction between the two compas

and I would especially call your attention Tazing: Mok Siu lan; Mak Kam Kwai. B

fes, nor would such competition end with this

sink the independence of the Shell Compasy, portion of the lead roof, and the long

yet there is no alternative before them in the corrugated iron roof of the north-western bal

Senior Morrison, $70, 3 years, Cheang Ting Chiu Wong Li Kwong:

Kwok Ping to the Health Officer's remarks re disporal one product, since, owing to scientific investi cony was blown away. By the prompt action

covered in our Borneo benzine, and certain

that as their supplies of oil are obtained from of the Public Works Department no interrup-

Chan Iu Kwai; Pun KwokChing. B, Lost Sun: by seeing same done in your own houses, as tion was caused to the course of studies. At

Senior Belilios, $0, I

A. Arculli

Lai-ut-chun. C, Chan Kai kin; Yeun-puifung,

well as others you control, such as school, &c., plant has to be erected to treat it, and here territory under Dutch jurisdiction, it is sounder the end of November the joists supporting the Stewart,

100,5 Cheung Lun. IV. D.U. Yik Kwai, Tsang Ching-han. VA and so make the inspection duties of our of again we should find ourselves in competition policy to amalgamate those interests with these eastern verandah of the top floor of the west

shang Chak Chin-hang, S. Moosdeen. 1-Hoficers less arduous. Also I may mention own- with our associates. The great experience of other Dutch producers enjoying the con wing were discovered to be in an insecure Blake,

Cheung Man-chung, Wong Kai-tsip. C-Ma Cheukers of property in the village would consider acquired by the Royal Dutch in their experi-fidence and aid of their Government, and la ate from depredations of white ants. As the

hau ini, i Ming-tai, Wang Ha-ying, Fung ably help if they would see the alley-ways, &c. mental work, leads us to frankly recognise the therefore ask you to pass the resolution, which we have invited you to, authorising your direc noise accompanying the repairs rendered in- Wright,

Ko Pak-ming Wai-hung. E-Wang Shing-kwork, Leung kept in a sanitary condition, and comply with value of their co-operation. The union be tween us as it exists at present is a terminable

tors to take all the necessary steps to complate": struction simply impossible, the Hon, Directo:

Yat-tsai. VI: A-Li Kat-cheung, Ip Yuk-fan. the recommendations of our Inspectors for of Public Works kindly consented to defer the

the amalgamation with the Royal Dutch one. "It was made orginally only for 20 years, Si Ping-kwan, Teo Lni-chun, C-Lung minor alterations, &c. There are certain sug-

and a sufficient period has already expired to Company. work of restoration until the winter vacation:

Kai-wing Pun Hok-isau, D-Cheng Fak, gestions our Inspectors would like to make but the verandah itself and the one below being

Tang Wai-on. E-Yeung Sik-ho, Ho Ja. they donotfesijustified in insisting on their being cause the directorate of both companies to closed to traffic. It is under consideration

VII-Chau Ting-kwong, Tse Yik-fong. enforced, and so look to property owners to assist consider what is to happen at the end of the to expose all joists supporting floors in class-

time, and with such a question perpetually be B-Tomino, Wang Yin-tsing. C-Tse Tai-lol, and further improve the general health of the rooms and verandahs, that any similar mischief Junior Belitios

Island. In conclusion, I would like to remark fore one, it is very obvious that the interests of

· Fook · may be readily observable as an early stage.

that it gives me great satisfaction to see that the business as a whole suffer to an extent Electric fans were installed in all the class-

50 Cheung Chuk-pang. 5b: 1 Tang Po more ratepayers have come forward this year which can only be realised by those practically rooms, and first used on the 14th of May.

cho. 5: Ng Shok-i, jd: 1 Wang Ying and offered their services as Councillors than conducting it This has weighed with over The incomparable boon they proved in im

Tai Tung-pui yuk, 4: Leung Shau-kong, ab: Yeung, the number required which ensures a ballot, whelming force in inviting the shareholders of proving ventilation as well as modifying tem.

Im-tin. 401 Hau Wai-man: 34: 1 Ng Shiu-In my opinion, a ballot is always desirable. 'n bot. Hung Kwok-chi

both companies to the amalgamation upon the perature, was highly appreciated by all, masters

hung, ab: To Mui-Shang. 3c: 1 Hung small communities such as ours, we must all lines now proposed. These are briefly, that and boys, English and Chinese, Expressions ment under the Hongkong Govenment, 41

In the past year, 18 boys obtained employ. Kai-wing. 34: 1. Fung Shiu-i. 38: 1 Chiu be willing to take our share of public work new companies will be formed for the purpose of surprise were heard that we had managed under the Chinese Imperial Government, 38 in

Sheung-shing, 251 Chan Cheuk-hoi, b: when called or, and, though the duties of a of acquiring (with certain exceptions) the entire to survive so long without their assistance,

professional and mercantile offices, so in situa

I Po Yeungitaks ju i Au Kun-tin.

Assets and undertaking of the Royal Dutch Councillo' are brit very arduous, they take op Queen's College candidates cannot be congra- tions abroad. These 147 boys nearly all came.

a certain" part of one's time. Still we want Company and the Shell Company as on Jan. 1, tulated on their success. at the Oxford Local from the upper school and this heavy demand

Rood representative men at the head of our at-1957; Examinations held last July, Only 12 cetti accounts for the reduction in the number of

'fairs, and I trust, gentlemen, you will give your The Royal Dutch is to have an interest of ficates were obtained as against 28 in the pre-

votes to those most interested in the well 60 per cent, in the new company or companies, candidates for the annual examination. The vious year. The percentages of passes were: cricket, football and reading clubs continue to

being of our small Island, whether they be and the Shell Company an interest of 40 per seniors 15, juniors 33, preliminary 44. The flourish. Bombardier G. Wade has succeeded

large properly bolders or otherwise.

cent, and those companies are, to have ibe mark "good" next to distinction was awarded Sergeant D. Taylor, R.CA, as gymnastic in-

The Chairman moved, and Mr. Hanisch right of nominating directors of the new com- only eleven times; seniori in arithmetic, z in structor, the demand on the time of the latter in At the Supreme Court this morning before seconded, that the accounts for 1906 be passed.pany in proportion to their interests. The new scriptura, 1 in Shakespeare: junior none: pre- connection with, his military duties being too

company is to have a working cash capital of Carried unanimously. the Full Beach, consisting of their Honours liminary 5 ip arithmetic, 2 in history, The heavy to permit his continuing the instruction, the Chief Justice and Mr. A. G. Wise, Paime

£500,000, which is to be provided by the Royal results of this annual examination for prizes We gratefully acknowledge the liberality of the Judge, presiding in Appellate Jurisdiction, Sir

Dutch Company and the Shell Company in the and promotions held by me under standing | public, in

proportion of 60 per cent, and 40 per cent, orders from the Governing Body are as fol-Allowance supplementing the Government's Henry Berkeley, K.G., instructed by Mr. C. D.

The new companies are to issue to the two for Prizes. As usual a full list Wilkinson, of Messrs. Wilkinson and Grist,

vendor companies' as part consideration, for the

· lows:---

of donors will be published in the col moved for leave to appeal to Privy Council

sale, fully paid ordinary shares to the nominal Upper school, 115 boys examined, 189 or 87 lege organ, The Yellow Dragon (Applause) against the decision of the Full Bench in the % passed; Lower school 601 bays examined, Continuing, Dr. Wright said-I should like, case of Leuba z. Ullmann, in which an injunc

value of ten millions sterling, 60 per cent, of $45 or 91 % passed; Preparatory school, 142 Sir, to supplement my report with a few retion was passed against the latter firm from

The following gentlemen offered themselves these shares being issued to the Royal Dutch, as Councillors for 1907-Messrs. G. W. Barton, and 40 per cent, to the Shell Company. The The Chairman: We have to thank you for watches bearing certain marks the

assets of the Royal Dutch and the Shell Com- boys examined, 841 or 81 % passed".

the resolution which you have just passed. - overnment District Schools Twenty-four The following table shows the percent years ago when Free Scholarships were first and Ina. Mr. M. W. Slade, instructed by Okuyam, Dr. J. A. Otte, L. I.. Thomas, and free from all encumbrances. All cash and not occurred to anybody to ask as what the W. Kruse, D. MacHaffic, F. B. Marshall, S. pany are to be transferred to the new company may say that I am rather surprised It bas age of pastes. in each subjectThough inaugurated, it was of frequent occurrence for Mr. Joha Hastings, opposed the motion. After W. H. Wallace; and on a ballot the following cash investments outside the business belong financial result this operation will be Wa not, equal to the high standard attained last these boys to win Scholarships and take high bearing both sides, their Honours. concurring were elected:Messrs, C, A. V. Bowra, A. Fing to the Royal Dutch Company and the Shell have circulated, as we promised we would, t year, the work exhibited in the examina places in their respective classes. After An in: leave was given to appeal, on the deposit of the tion throughout the college is highly satisf c

terval of fifteen years I am pleased to say that security of 4300 the costs as taxed to be paid Gardiner, W Krose, F. B. Marshall, S. Company and all book debis, and other balance sheet of the Royal Dutch Compaty

amounts dun, or to become due to these com. and I think any business man will and may be rated at a good average, be they have again come to the front. Shin Chung subject to an undertaking that they would be Okuyama, and W. H. Wallace. English subjects, composition, geography, his shang. from Wanchai ohiained the Ho Fook refunded if the appeal was successful, plaintif

With a vote of thanks to the Chairman, the panies, in respect of any period prior to Jaun with me that it is a very remarkable bas

kry 1, 1907, are exempted from the sale.

You will see that they have written down tory, dictation, reading, conversation with Scholarship in IIIA, Lau King-ching (Salying agreeing not to examine the accounts of the meeting closed. translation from and into Chinese, maintain a pun) was second boy in IA. The 2nd, 3rd defendants' in the meantiine.

Notwithstanding that each of the vendor the bulk of their assets to ad absolutely high level of excellence. There was a percep- and 5th boys in 11c and the 3rd and 5th in

companies is to discharge all its own liabilities comins! amount, and they show

after day tible improvement in arithmetic, though much IVC were from the District Schools. All these

་བུ་རམ་དང་བྱ་བཟད་ན་སྙན་ཞིག་མིན་དང་བཅས་ཀྱིས་དང་སོག་

EIGHT men-five of whom were found roaming

as on December 31, 1956, special exception is ing that, and writing off in a way - which wankness in method and too many instances were admitted a year ago, and deserve congra SHORTLY before ten o'clock on Sunday more about the' Central district during the small

made in respect of certain liabilities of the I do not think any British company would of gross carelessness were still in evidence. tulations on their successes. I must now asking fire broke out in No. a hold of the steamer hours on Tuesday, two at Hunghom, and one

Shell Company, and of the Nederlandsch ever dream of doing, a divisiblelbalançe": English grammar was weaker even then usual: your Excellency's permission to convey to you Hommeuthshire, which was anchored in the at Wanchai-were gathered in by the police indische Industrie en Handel Maatschappij .6,000,0000, or £500,000 The Shelf Company, the folal ignorance of analysis (a subject so the respectful congratulations of the matters dangerous goods anchorage, West Point. The on charges of being rogues and vagabonds, which are agreed an amounting on December as you are aware, distributed last year, among Sincetary: for self-criticism in composition) in and boys of this college on your recovery from fire broke out among a cargo of fish manure they could not furnish a satisfactory explana-31; 1906, to 285,000, and this is to be liquidat their preference and ordinary shareholder the two top classes was appalling. The per: the effects of the serious accident that befel and ground nuts, spontaneous combustio tion about themselves, they had no fixed place ed in the following mannat:-The new company. 150,000, so that, whichever way you look cantages in hygiens were not so high as last you three months ago. Your inability, Sir, to being believed to have been the cause of the of abode, and as for cash-five cents could not is to pay to the Shell Company interest at the rate this, it is most excellent business for the Shif yearyThis may

be attributed to the greater hold your annual kindly inspection of this cal outbreak. In answer to the alarm the Water be raised among them. They had just come of 5 per cent, per annum on this amount, but Company, and, as t: have said before. Itha seventy of the questions and to a tendency on lege in December was a great disappointment: Folice, the Naval Yard fire flost, and firemes from Canton to look for work, they said. They the Sholl Company is to itself discharge out of it will prove equally so for the Roy4 DE the part of many boys to give answers illumi- but we are very glad that the late date of Obi- from the Fire Brigade, Station meda for the ware, arraigned before the magistrates, at the its share of the profits the sum of £185,000 by That the combined companies have be nated by the light of nature instead of based nose New Year enables us to have the honour scene and after working hard #cceeded in Police Court, this morning, and each man was applying one-half of all dividends received them period of great prosparity E spon principles of science. Mensuration was and pleasure of welcoming your presence here squelching the flames. The damage done is want to gaol for Efteen days with a taste of by it from the new company in excess the slightest doubt and I quips merou wi was good in Class It, but bad in Class I. The at our Pries Distribution to-day, (Applause), not yet known,

stocks thrown into the bargain,

of 150,00 per annum la respect to the Delmoge, and I shall be vary din

Ho TURK.

Ho Kom-theg

Junior Morrison; Alfred May,

year T Chak-min

150, 1

100, 1

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fro,

60, T

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15, 2,

100,

IV.A

40, 1 *

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shang

...

VERNACULAR SCHOOL.

THE ULLMANN WATCH CASE,

LEAVE TO APPEAL.''

4th insti

..

The Chairman proposed, and Mr. Hanisch seconded that the balance sheet be passed,

Carried unanimously,

The Chairman proposed and Mr. Wilson seconded that the Estimates for 1907 be passed,

Carried by a large majority.

bori examined, 107 or 75 % passed. Total, q6x, marks upon the successes of boys from the seed property of Leuba, to wit "Po Wai C. A. V, Bowra, A. F.'Gardiner, W. R. Howard,

Mr. Jardine seconded the resolution, A Shareholder: May I ask what will be the position of the preference shareholders as to capital? Do they retain the same prefer- ence as to capital they have now ? kiddingen

The Chairman: Exactly the same. The Shall Company remains, you know, as a standing concern; only they become a holding company with all their stock in the other companies. think the position of the preference share- holders is a magnificent one under this scheme, although I am a very large holder of the or dinary shares. We have paid special Attentina!! to the preference shareholders.

A Shareholder. Would they hold simply on the shares of the now company? They: not have a direct hold on the assais ?

The Chairman: They will have as much an as they have now. The perference shares aro

perpetual charge. They are not liable for. repayment. But in case of liquidation yes.

A Shareholder: May I ask if the preference shares have a first charge on the assets of the two combined undertakings in perpetuity?

The Chairman: No, they, hava not; only on the Shell Company's shares.

cheers.

The resolution was carried unanfiously with

A hearty vote of thanks to the chairman and directors was passed.