1909-02-04 — Page 5

Telegrams.

"HONGKONG TELEGRAPH"

SERVICE,

CHINESE NATIONAL BONDS

PROPOSED ISSUE.

[By courtesy of the "Sheurg Po.)

Péking, 3rd February.

It was proposed by the Ministry of Posts ‚'and Communications to issue national bonds

at an early date.

The scheme has been deferred owing to representations by the Board of Revenue.

CHIHLI PROVINCE,

TLS. 4,000,000 SAVING.

[By courtesy of the "Sheung Po.").

Puling, 3rd February. The retrenchment effected in the cost of administration in Chilli Province implies a saving of over four million tiels a year.

YUAN SHIH-KAI.

PROPOSES TO TOUR ABROAD.

By courtesy of the" Sheung Po."]

Peking, 3rd February. Yuan Shih-kai has expressed his intention of proceeding abroad on a tour in the second

moon.

: ་।

He cabled his plan in consultation with the President of a certain Ministry, win strongly advises him not to. carry his idea into effect.

THE HONGKong telegrAPH THURSDAY FEBRUARY 4, 1909.

ALLANA'S BANKRUPTCY,

difference can it make if the peren", who holds the security is not a creditor? It is perfecity true that a secured creditor may under section 30 of the Colonial Ordinance, which is based on the bankruptcy rules at home, and not on a section of the Act, realise his security and prove for the balance of his claim; but until he does this he rests on his security, and stands.outside the bankruptcy, and is just as much a stranger to it as a person in the position of Mr. Marican who had bought the business,

Attorney-General when drafting the Bankruptcy Ordinance in 1891, but I hesitate CHIEY JUSTICE'S DECISION..

to adopt it, because 5 of 1864 refers to The Chief Justice delivered this morning the "Chief Justice sitting in bankruptcy." to me that the pow lengthy and somewhat interesting judgment in and it seems connection with the affairs of Mr. S. E. Allapa, ers, rights and privileges, "which are con- formerly doing business, as a draper inferred upon him when he is sitting in bank D'Aguilar Street. It may be remembered that ruptcy, are those personal privileges enjoyed on the 4th of December last, Nr. 1. Scott by a judge at Common Law, as, for example, the Harston appeared in support of a petition for powers to commit for contempt, and from my the consolidation of two Receiving Orders, experience in drafting I know that it is neces Mr Hastings (for the debtor) objected to this, sary in order to remove doubts to confer these Now let us see what the position is. I send as a Receiving Order had already been filed old Common Law privileges on a judge when the trustee into possession, as if he were a re against his cliegt and submitted that the Court he is sitting le a newly-created jurisdiction. I cover of the bankrupt's property; I will assume had no power to consolidate the two, Receiving express this opinion in order to show that that the trustes knows nothing of what has Orders. A patition was presented by the debier I have not overlooked Mr. Hanston's argu- takes place between the bankrupt and Matican, against Himself and another was presented by ment. I am not positive whether it is the but knows only that the business has been car the petitioning creditor. It was eventually answer to it but in view of the opinion ried on by the bankrupt. Thep Mr. Maricas, I have formed on the question, looked at Gading the trustee in possession, wants to have decided to consolidate the orders,

from another point of view it is not neces the rights which he alleges he has, protected. sary for me to decide the point definitely. That he may bring 'nu action nt Common Law must now look at section 102 a litle oro.have no doubt but may he not also come to me, sitting in bankruptcy, and say " your order closely, and see whether what I am asked to da in this case does fall within the inherent sending the trustes into possession is wrong;

This morning, the Chief Justice, held that the judge-bad-jurisdiction—to entertain the petition. He said motion has been made is this case which is practically to set aside an assignment; made by the for certain reasons which are set out in the notice of motion. I say practically to set aside because i am not quite sure that the motion may not require some amendment but a preliminary objection was taken by Mr. Hastings on behalf of the purchaser of the business, that this Court sitting in bankruptcy has no jurisdiction to entertain such a motion, and this question was argued on the basis that the motion was as I have described it. The object stated shouly is this: that this is a question which concerns a stranger to the bankruptcy that the Court of Bankruptcy at home has jurisdiction to decide such a question only in virtue of section 107 of the Babkruptcy Actof 1883: that that section has not been introduced into the Colonial Ordin ance No. of 189; which is otherwise bised on the English Act, and that therefore this Chart being the bankruptcy side of the Supreme Court, has no jurisdiction. The problem thus

Today's Advertisements.

PUBLIC AUCTION.

میشه

THE Undersigned has received Instructions to commenca'the sale of THE STOCK IN TRADE AND FIXTURES

Public Companies.

THE CHINA PROVIDENT LOAN AND

·MORTGAGE COMPANY, LIMITED..

THE TWELFTH ORDINARY ANNUAL THEWELT LADENUL the Company will be held at the OFFICES of the Company, ds. George's Building, No. 6, Don- naught Road, da SA FURDAY, 6th February, 1909, at 11.30 A.M., for the purpose of receiving Messrs. JAY'S LIMITED,

a Statement of Accounts and the 'Report of the the nearness of Chinese New Year. December, 1900, declaring a Dividend and which had previously been postponed owing to General Manager for the year ending 3ret

The 1st Sale will take place on

electing a Consulting Committee and Auditors.

OF

MONDAY and TUESDAY,

ing each day at 10.30 A.M. the 8th and the 9th February, 1909, commenc. Subsequent sales will be duly announced. - TERMS-Cash on delivery.

GEO F LAMMERT,

Auctioneer.. Hongkong, 4th February, 1909,

FOR SHANGHAI

"BRITANNIA"

[144

Captain S. Barcham, will leave for SHANG- MAI, TO-MORROW, the 5th instant,

10.A.M..

For Freight or Passage, upply to

E. A HEWETT,

Superintendent,

Hongkong, 4th February, 1909.

NOTICE TO CONSIGNEES,

'HE P. & O. 5. N. Co.'s Steamer

"BRITANNIA,"

THE P

FROM BOMBAY, COLOMBO AND

STRAITS.

at

The TRANSFER BOOKS of the Company

February, until SATURDAY, the 6th. Febru ary, 1909, both days inclusive, da will be CLOSED from MONDAY, the int

SHEWAN, TOMES & Co,

· Goboral Managers. Hongkong, 28th January, 1909.

·(119

́HONGKONG, CANTON AND. MACAO STEAMBOAT COMPANY, LIMITED.

NOTICE TO SHAREHOLDERS.

THE

EIGHTY-FIFTH ORDINARY

SHAREHOLDERS in the Company, will ba held at the Office of the Company, kotel Mansions, on TUESDAY, the 9th February, at 12 o'clock Noon, for the purpose of receiving a Report of the Directors, declaring à Dividend, confirming the appointment of Directors ; and [4] alecting Auditoria e

The TRANSFER BOOKS of the Company will be CLOSED from the 25th January to the 9th February, both days inclusivo.

By Order of the Board of Directors,

W. E, CLARKE,

Secretary,

Hongkong, 18th January, 1909,

199

Consignees of Cargo by the above-named

COMPANY, LIMITED. vessel are hereby informed that their GooTHE KOWLOON LAND AND BUILDING ara belag landed and placed at their risk in the Company's Godowns at Kowloon, where each Hongkong and Kowloon Wharf and Godown consigament will be sorted out mark by mark, and delivery can be obtained as soon as the Goods are landed.

"This vessel brings po Cargo!--

From London, &c., ex S.S. China, From Calcutta, ex S.S. Bernco, From Persian Gulf, er B.I.S.N, and B. &

P. S. N. Co.'s Steamers, Optional Goods will be landed here unless instructions are given, to the 'contrary befors

6 hours.

bankrupt. Allana of his. business to Marican, jurisdiction of the Court to carry out the Bank-the business belongs, not to the bankrupt, butHE P. & O. S. N. Co'i Steamship.

rupicy Ordinance, with the administration of to nie, because I have a deed of assignment ? :/ which it is charged. Ellis Silber was much surely he may, and this without it being neces- relied on by Mr. Hastings, but all it decides issary to find special authority in the act, that the Jaundiction conferred on the Bank then, I have jurisdiction to entertain such in ruptcy Court by section 1oz is not an exclusive application,, ! must also nave jurisdiction to jurisdiction; and that if' proceedings are being enforce the acquisition and retention of this taken in the Court of Common Law or Equity; property on the application of the trustee, for it cannot be said by virtue of this section that the question to be, decided is precisely the they ought to have been brought in bankruptcy, same in both cases: is this business the bank- On the other hand it is undoubtedly the fact supt's property, or has he made a valid as that in all the cases either this section, or its signment of it to the person who alleges that he And if the right of the predecessor, section 72 of the Act of 1869, is is the true owner? referred to. But the contention in, this case is trustee is challenged in any other way, as in that the effect of section 102 is to create all this case, by the person alleging himself to be the owner, setting up bis right, by proclaim. the jurisdiction which is necessary to the Bank-

Court or in any ruptcy Court to deal with a question whenever ing is existence in

prevent the a stranger'is affected. Now, the first thing other way which would which, strikes out on looking at the section, is trustee acting without bringing the question the reference to "priorities." It says that every before the Court, it is inevitable that I must Court having jurisdiction in Bankruptcy under have jurisdiction to decide the question of right the Act, is to have full power to decide all involved, because it is precisely the same as in raised in one which I have had the greatest

the simpler cases I have supposed. I therefore Section to of the questions of priorities. Pausing there for a

am of opinion that I have jurisdiction to enter difficulty in solving. Home Act gives certain power to the Bank moment, certain priorities over other debts in

tain this motion. One thing further should be ptcy Court, which is to decide all questions of respect of a certain class of debts-rates, wages priorities, and all other questions of law and ic-ate created by section 31 of the Ordi- said that even supposing the argument on which my opinion is based is wrong, 1 am very fact which may arise in any case of bankrupter, Dance, which is to all intents and purposes the of which it may deem it necessary or expedient same provision as sections and 2 of the Act strongly of opinion that Mr. Marican is not a stranger to the bankruptcy. The facts are 10 decide for the purpose of doing complete of 1888, which is added to section 40 of the Act Justice or making a complete distribution of of 1883. Now, as these priorities, which rank simply these: the assignment was made on 2nd November, the petition in bankruptcy was property. This section has been omitted among themselves pari ham, as determined

filed on the 3rd, and the only assets are the from the Hongkong Ordinance for reasons by the Act itself, it seems clear that they are

not the priorities refaried to in section 102 preteeds of the sala-the purchase price $4004 which are not apparent, and 1 do not

We must thereforà go back to section 9 (2) a month for a certain period. It would require think I have the right to inquire altulid,

a very great deal to convince me that the as from the explanatory report made by which is section 10 (2) of our Ordinance. That the. Attorney-General of the time what the clause provides that the provisions of the pection purchase was not made by Marican with a view reasons were which induced him to omit it, which deal with the effect of a Receiving Order, to bankrupicy proceedings, and still more to ́are ont to affect the power of a secured credi But I must seek for the reasons as best I may tor to realise or otherwite deal with his secu. He cannot have thought it superfluous, be- cause no Law Officer in a Colony would take ity. It is obvious that questions of priority may arise among the secured creditors; and as upon himself the great responsibility of so they lie outside the bankruptcy, a less they deciding with regard to an important section of are brought in by the creditors themselves, the "uch a piece of legislation. But he may have Court, of Bankruptcy could have on power The Sicretary of the Society for the Suppres thought it unnecessary in this Colony, having sion of the Opium Trade, with the approval of special regard to the constitution of the of dealing with such questions. Power is given to the Court at bome by section 101, to settle the Representative Board of British Anti Supreme Court of the Colony, and this is the these priorities, and bence. I think must have, Opium Societies, has sent a letter to the contention advanced by. Mr. Harston in Parisen the idea that the section conters a power" Foreign Ministers of the countries taking part port of the motion. Now it has been assumed in the totemational Commission to be held at throughout the argument that the object the Court to determine questions affection strangers; for secured creditors, unless they Shanghai naxt month. After recapitulating the of section 101 which WAS section 72 Sistory of the opium question, and the men of the Act of 1869. is the only section come in, are accurately described as strangers sprea which have been adopted in various parts, which conters jurisdiction on the Court of of the warld for its solution, the letter can Bankruptcy against strangers. This is cer- tinues:-" Western civilisation cannot but tainly not said in so many words, but it does sympathise profoundly, with China in her seem as if there is a consensus of opinion that Bupreme-effort.to.free herself from this cocrath-sie-ite-object, that is, 10 give ile tankruptcy ting and demoralising scourge. The European Cours futisdictios to decide q estions affecting pations having colonies or protectorates in the strangers to the bankruptcy which would other East cannot evade the duty of keeping PACE wise be decided by the other Court. Now with China. We trust that they will not con- whatever may be said as to the personal juris tent themselves with this, but regard them diction of the judges in England the different "selves as bound in honour to set the example jurisdictions of the Supreme Court are well

of speedy and effective prohibition.".

YUAN HAK-TENG.

RESIGNATION CONTEMPLATED.

[By courtesy of the"" Sheung Po:"]

Peking, 3rd February. Yuan Hak-teng, son of Yuan Shib-kal, in determined to resign.

THE OPIUM QUESTION,

Daring the period of prohibited experts stores of opium have been accumulating at Bombay. Some relief has been experienced by the sailing of the P. and D., steamer Devan 4 for China. It is believed she carries

one of the biggest, if not the biggest, shipment ever made, estimated to be of the value of a much as 800,000.

SHIPPING AND MAILS"

MAILS OUX. American (Siberia) 5th inst.' American (Nippon Mars) 6th inst. Jadian (Laisang) 8th inst, **** Gorman (Princess Alicaj 12th inst. American (China) 14th inst. Canadian (Monteugle) 14th inst...... Canadian (Empress of India), 17th jost. The O. & O. S. S. Co.'s s.5. China sails from Yokohama on 5th just, pad is due to arrive at this port via Kobe, Nagasaki and Shanghai on

24lb inst.

Tamar embarked to the ffaroke, cruiser, Capt.

H. D. Wilkio, D8.0., at Portsmouth on 6th

als, and the vessel left on gth for Hongkong

and Shanghai..

deficed, but here everything is vested in the Chief Justice. The l'uisos Judge has a co- ordinale jurisdiction, but for all practical purposes the Chief Justice is the Justice at Common Law in equity and lo bankruptcy, and the Attorney-General of the-time may have said what is the use of saying that the Chief justice may do one day in hankruptcy what he may do the next day in the same court, with the same staff, in Original Jurisdiction?" 1 de not say that the reasoning is satisfactory and had been drafting the Ordinance i should not

induce me in hold that this did not amount to a submission to the Bankruptcy Court'safficient to give jurisdiction to deal with the assignment The preliminary objection being decided-in favour of the petitioning creditor, he must have the costs of the day in any event when the costs af the motion come to taxation.

ALEXANDRA CINEMATOGRAPH,

THE ART OF KISSING,

Goods not cleared by, the 10th instant, at P.M. will be subject to rent,

No Fire Insurance will be effected by me in any case whatever,

Damaged Packages must be left in the Godowns for examination by the Consignee's

and the Company's representative at an appointed hour,

All Claims must be presented within ten days of the steamer's arrival bere after which date they cannot be recognised.

No Claims will be admitted after the Goods have left the Godowns.

E. A. HEWETT,

Superintendent... Hongkong, 4th February, 100g.

THE OPIUM CONFERENCE.

INDIAN. ÇRITICISM,

14

There can be little doubt as to the success to the bankruptcy; and therefore, by section of the Alexandra Cinematograph in Zeiland

After all we are beginning to know what the 101 the Court has power to decide the priori-Streat. Last night it attracted a considerable ties of these creditors among themselves. I audience, who were not restricted to the hai International Opium Commission is going to Rm not sure that this does not furdish an apollo, but attracted an honourable member of bring about, remarks the Indian Daily News swer to the question which has been raised as the Legislative Council, a local magistrate, These international affairs usually result in the jurisdiction of this Entert subject to what batsister and severat, other more or less im sight-seeing and champagne drinking--includ have already said, i should have thought it portant dignatories, who sarthrough the entering, la this case we hope, a whiff or two at the clear that the Chiel Justice sitting is bankruptcy isinment from beginning to ead. That in it. opia pipet What may induced-Uncle Sam could not decide questions of priorities among self should prove the excellence and character to take so leading a part in the new drama is secured creditors in the absence of'n provision resembling se tion 101. i think therefore iba. the omission of such a provision must have been deliberate. I shall have to consider the effect of section 30 of the Ordinance which re. fers to secured creditors, presently, think that this releves me of the necessity of consis dering whether the remaining words of this part of section 102-"and all other questions whatsoever whether of law or face are to be governed by the ejusdem gencris tule, for if one part of the section was deliberately omitted all

more than we can understand. Is it to re of the exhibition which has every right to

move the Chinese boycott of American goods, claim for itself the distinction of being the pre- mier show of its kind in Hongkong. The which we thought had died a calgral death films, as usual, were of a most varied descrip- long ago? San Francisco, we know, reeks with opium and is thick with opium tion, combining comedy with pathos, and novelty with absurdity. What amazed the doss. But the United States like Sho Francisco to remain a luridly' wicked place average spectator was the extraordinary amount of kissing, of all things, that the "actors" indulged in. Everything that come along had to be kissed by somebody or some thing. An erratic individual-would get do his knees and kiss a poodle, just to show there was

hereby given that the TWEN

SHAREHOLDERS in this Company will be held at the Company's Offices, Victoria Build- ings, on TUESDAY, the 9th February, 1909, at 12 o'clock Noon, for the purpose of recoir- ing the Report of the Lirectors, together with Statement of Accounts for the your ending 31st December, 1908.

NTIETH ORDINARY MEETING OF

The REGISTER of SHARES of the Com".

the 3rd February, to TUESDAY, the th pany will be CLOSED from WEDNESDAY, February (both days inclusive), during which period no transfer of shares can be registered.

By Order of the Board of Directors,

A. SHELTON HOOPER, Secretary to the Hongkong Land Invest ment and Agency Company, Lid Agents for The Kowloon Land and.

Building Company, Ltd. Hongkong, 27th January, 1909.

HONGKONG AND WHAMPOA DOOK COMPANY, LIMITED,

NOTICE TO SHAREHOLDERS.

THE ONLINARY YEARLY MEETING OF SHAREHOLDERS will be held in the Offices of the Company, Queen's Buildings, New Praya, on MONDAY, the zand February, 1909, at 12 o'clock noon, for the purpose of receiving the report of the Directors' and the Statement of Accounts to the 31st December, 1908.

The TRANSFER BOOKS of the Company will be CLOSED from the 8th to the 22nd February, both days inclusive.

By Order of the Board of Directors,

THOS. Į, ROSE, Secretary. Hongkong, 27th January, 1959.** −(103-

Notices of Firms.

THE so as to provide plenty shocking reading

NOTICE

THE Undersigned have this day bought over the MADRID M...NILA, CASA DE HUISPEDES, 6 Queen's Road Central; Filst for the daily newspapers. As regards the agenda seems so be fairly long, and if that ofSIBLE FOR ANY DEBTS contracted by the vatious sections of the Commission their Floor, above French Store, beg to inform the Public that he WILL NOT BE RESPON-

the United States delegater ba'similar to the former proprietress. rest they will deal with the following malters:

in the possession of this country, z To-n- certain the best means of suppressing opium

L. GAMEAU. Hongkong, 1st February, 1909.

(134

and

EXPRESS TRAINS 00.

(THE

GREAT THANS-SIBERIAN, ROUTE

TO EUROPE.)

of it must be treated as ómited. But one no bad feeling; then he would kiss a passing To devise means to limit the use of opium thing is quite clear-that the jurisdiction constranger because the latter had glared at ferred by section soz is additional to the normal him; sa iligerant mountshant would find him have omitted this section because it is desir jurisdiction of the Bankruptcy Court the see-self assaulted to an osculatory embrace because trafic, if such now exists among the pationals INTERNATIONAL SLEEPING. CAR able to preserve in the Colonial Court the tion itself begins subject to the provisions of he happened to be in the way; if a policeman of this Government in the Far East. 3. To form as far as possible of the Courts 4" | this act"—and it is here that I think I have happened along he was also kissed and as for

be in a position so that when the Com Home. But in order to adopt this reasoning lighted upon the weak spot in Mr. Hastings the kissing indies we'tbank providence that

our early days were not spent in kiss-land. The mission meets at Shanghai our representa

tives may be prepared to co-operate with the duffing of hats and the beading on one knee, or both if necessary, were comparative trifles, but representatives of participating Powers and if anybody suggests that these people do not with them to offer definite suggestions of mea- put in an ordinary day's toil simply because sures which these Governments may adopt they do not actually work the pictures for the gradual suppression of opium cultiva, at the Alexandra will give them the tion, traffic, and use within their Eastern pos is direct. It is impossible to say, which sessions, thus assisting China in her purpose of was the best of the living pictures thrown on eradicating the evil from her empire. 4. To showing the proces which has to be gone it assembles regarding regulations and restile- the win, but we should say that the series be able to inform the whole Commission when HAY

I should have to satisfy myself that there is no able argument. Granted that section 102 provision which preserves here, the lines of confers a special power to deal with ques demarcation of the several jurisdictions of the tions affecting strangers, and without going English Courts. Mr. Harston's most ingenious in the extreme of saying that this means argument in brief is this-By section 4 of the questions arising between strangers (because Repeal Ordinance No. 3 of 1858, which dealt although is the absence of the authorities with the constitution of the Supreme Court, it is should be strongly inclined to think it did, in provided that it shall not be necessary to bring the presence of those authorities I can hardly do so) it does not follow that all questions nay proceeding on the equity side of the Court for the purpose of bringing to another Court affecting strangers are dealt with solely under any equitable claim, defence or question in section 102. For this is this question which

AVING been appolated AGENTS for

- the above Company, we shall be

SHEWAN, TOMES & CO,

Agents.

Hongkong, that Jelu, rohy,

- THE

“HINA 'PROVIDENT

LOAN

AND

crews for the China gunboats, and for the cident or collateral or arising out of any pro- } must frequently arise and looking at the cases through before the ordinary bottle of cham- tions in force at present ip. the delegates New crews for the China destroyers and ball

Cceeding on any other side of the said Court, quoted in the books under section 9 I should page arrives on the table in the most astonishing own country, and to formulate god displeased to give any information as to rates of

cuss proposals for amending such regula- but every such claim may be heard an petition say has frequently arisen-is the creditor who of the lot. No wonder that champagne is ex- or motion instituted in sach, last mentioned saya ha is secured really secured? If the pensive. But all the films are good and there tions in points in which they may be fogad Passage, &e, in connection with . proceeding. By section 4 of Ordinance, 5 of Bankruptcy Court cannot decide this question, is none of the scamping so usually found at in the course of the joint investigation, to affect 1864, the old Bankruptcy Ordinance, it was, but must, as it is contended, always remit the these show, where an interesting story ends the production, commerce, use and disadvant ages of opium in the Far East." The British provided that the Supreme Court shall have decision of it to another Court, endless litiga-o abruptly that nobody can make head or CAPTAIN A. M. B. Gage, a member of the jurisdiction in bankruptcy, and the Chief tion would result, with endless costs, and the tail of its meaning. The Alexaudes films are, delegates are being furnished with instructions on similar lines, but it is not known how far as we hava said before, clear, steady and life. Royal Yacht Squadron, and a keen sportsman, Justice when sitting in bankruptcy shall have true functions of the Court of Bankruptcy would who has owned is all nice sailing yachts, is the all the powers, rights and priveleges which are disappear... It seems to me impossible to coa like. To-night there is another complete this basis has been accepted by the other parti. Istest convert to auxiliary motor power. He now exercised or enjoyed by him,'except where tend that if a creditor says he is secured change of programme, which, we will not de- cipating Governments for the guidance of their

HINA tail. The manager, Mr. Frerichs, statos that delegates. We had a Royal Commission on has purchased the handsome schooner Verd, of this Ordinance otherwise specially provides." the Court cannot decide whether he is se

next week one of the best films yet showe, Opium under Lord, Brassey years ago. -Wo 183 tone, and to his order, Summers and Payne, The subsequent Repeat Ordinance 10 of 1891, cured. I think it the Court has power Limited, of Southampton, have installed on (bankruptcy) and 6 of igor, (civil procedure). under section 43 to decide the question, for extending to a thousand metres, will be pro- are now having an international commission j but wo gravely doubt the results of its deli board of her, a pair of four-cylinder 30 h.p. preserve rights and privilages, etc, jurisdiction under that rection (section 50 of the Act at duced far the first time. It is certainly an Kelvin motors, deiving Bergius folding propelor principle, etc., created by the ordinances home) the trusted must take possession of the exhilarating way to pass an evening to attend berations. It may possibly ba na mzeleno us lore, The engines start on patrol.. Inside live severally repealed. The argument is this-that bankrap's properly, and he may apply to the the Alexandra Cinematograph, if it were only the findings of the Brassey Committee: minates paraffin it switched on, and the motors the Court of Bankruptcy by 5 of 1864 has the Court not merely to enforce his acquisition, to learn the art of kissing." thereafter sun with the regularity and flexibili- same powers, rights and privileges as the Su- but also to caferce bis retention of it. Now, if ży which are characteristic of Kelviä prodac-preme Court in its Original Jurisdiction and in the trustee goes foto possession of a business, tions. The space occupied by the machinery this jurisdiction by 3 of 1858 the distinction for as he might have done in the present case, " in between the ladies' cabin and the inil room, the purpose of jurisdiction between equity and creditor who held d'security such as Mr. Mari- and by a careful rearrangement of the accom Common Law is abolished; therefore the Court can does here, would naturally come forward modation, the original. number of cables and berths has been preserved. Vera is to fit out shortly for a voyage to Hongkong, via the Soex Canal, and it is expected that the motare will be used through thy calms of the tropice,

The Prince Regent has decided that after stamp doty has been levied, fiosocial affairs readjusted, and a Budget for national expendi-

-ip bankruptcy has equity jurisdiction and there and set up his security, the Court bas power turn has been made, likin shall be abolished fore section 102 is unnecessary because it to enforce the trustee retention of the busi- for ever. The Government has, therefore, pro- would confer a jurisdiction "to decide prior).ness, and I think on the ordinary meaning of posed to hold a menting on the 12th instant to ties, etc.," which it already has. It seems to language this must mean to decide the quas discuss financial reorganization and the separa me quite probabiq that that was in the mind of" tion of his right to retain possession. What tion of the collection of duties and likin

A WASHINGTON despatch of January 26 says: a-Bishop Charles H. Brent of the Philippius Islands has forwarded to Congress a memorial. on the subject of the suppression of the aplam traffic. The Bishop urges upon Congress the necessity of the United States taking amore active part is the campaign against oplum particularly in the matter of suppressing the trede in Chios,

MORTGAGE CO., LD.

(CAPITAL PAID UP $1,350,000) Loans on Mortgage af House Property, Goods received on Storage. Advances mada on Merchandisa, Loans made on the Provident Systemu.

(Raios and Particulars on application),

THE OFFICE OF TRUSTER, EXKOUTOR OF WILLST 'ATTORNEY, &cy Jaderiakan and Executed.

SHEWAN, TOMES & 00, My General Managers. Hongkong, s9th March, zgolf,

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