1913-10-25 — Page 1

The

Longkong Telegraph.

October 24, 1913, Temperature a.m. 72, p.m. 741 Humidity...71, 59.

P.281

晚六月九年丑癸

TELEGRADEN.

TELEGRAMES.

(ESTABLISHED 1881.) Copyright, 1913 by the Fra

SATURDAY,

TELEGRAMU.

OCTOBER 25, 1913,

TELEGRAMS.

">WEATHER · FORECAST:

FINE Baromsteg 30.08

October 24, 1912, Temperature a.m. 72, p.m. 79; Humidity...87, 71.

·六拜油 號近廿月十英港街

TELEGRAMES.

$36 PER "ANNOM SINGLE COPY:10 CENTS,

TELEGRAMS,

HOME POLITICS.

MEXICAN TROUBLE

A HOMB RULER'S WARNING.

FRENCH CRUISER SULS.

Reuter's

[Service to the “ Telegraph."]

Reuter's

(Service to the Telegraph."]

CONCERNING ZANZIBAR. RAILWAY COMMISSION.

DUBLIN SITUATION.

COLLERY EXPLOSION.

NEGOTIATIONS" PROCEEDING. A SURPRISE TO DIRECTORS. ASTONISHING DEVELOPMENT NEARY 300 MEN ENTOMBED.

Reuter's [Service to the “ Telegranh."]

Reater's

Service to the "Telegraph."]

London. Received Oat-24.)

is

London. Received Oct. 24. London. Received Oct. 25. §. Loudon. Received Out, 24.

The appointment of the Bil In connection with, the den- The Unionist papera give pro.

The Freach acuiser Conde' has minence to a letter from Lord been order to sail for Mexico.patch from Zanzibar, the Daily way Commission and the vague Charnwood, in which he describes Sontuur Dinz is still at Vers Chronicle given prominance tones of its terms of reference himself as an inveterate Home Craz, surrounded by a handful of telegram from its Special Com commented upon in the papera, Ruler, and wherein he pictures his followers. Up to the presont missioner in Germany stating that it is stated that the appointment waan surprise to many Railway the situation in Ulster, from which 17 arrest huvo been made in con- negotiations proceeding

between Great Britain and Ger Directora, he has just returned, no mosi nection with his arrival,

many, which are largely concern- grave. He says the Ulatermen aro

ed with Colonial developments, better armed and organised than

and are expected to reach a is generally supposed, and are|

favourable conclusion.

ready to meet dofoat and death.

Liberal M.P.'s Warning.

Diaz Still at Vera Cruz.

London. Received Oct. 24. The situation regarding Mexico Mr. Ellis Davies, M.P. apenkis puzzling, while it is denied in ing at Pwlheli, warned the Loudon, hat there is anything Liberals to be in readiness, as an amounting to tension with Amo- early election was possible.

India and Ulster Campaign. Lord Crewe, Secretary of State for India, speaking at Ipswich, said that despite a raut corres- pondece on the subject of Ulster

rica connected with it.

Europe Hands off."

London. Received Oct. 25,

Ara

CHINESE NAVAL COLLEGE.

DIRECTOR APPOINTED."

London. Received Oct. 24, Telegrams from Washington Captain Harold Christian he desired to guard the country continue to aver that the AR.N., M.V.O., has been appointed. against being misled into the ministration is disappointed and Director of the new Naval College belief that a new situation had upset by the British distaclination to be enablished at Slinnghai. arisen. Be heard from authorite to follow America's lead respecting To anils for the Far East shortly tive sources that the effect upon Huerta. President Wilson and Mr with a number of British in- India of the Ulster campaign was Bryan are unusually reticent, but stuctors in the various branches, becoming serious matter. the officials at Washington tre who are employed by the Chineso talking vaguely of impending Government. The engagement firastic measurea, including the is for three years. China likewise Hands of Policy" to Europe desires the institution of several generally, excerning Mexico..

training abips..

HOME RACING.

LATEST CAMBRIDGESHIRE QUOTATIONS.

London. Received Oct. 25. The latest Londoa betting on the Cambridgeshire, to be run at Newmarket, on Wednesday next, isas follows:

5

to 1 Fairy King.

10 to 1,Santair.

100 to 8 Florist,

100 to 8 Drinmoro.

1C0 to 7 Equanimity.

100 to 6 Maiden Erlegh.

100 to 8 Bluestone..

20 to 1 Lorenzo.

20 to 1 Khedire.

40 to 1 Mercutio

DISTRESS IN INDIA,

London, Received Oct. 24, Rauter's correspondent #t Simals reports tant distress hav- ing been forecasted in drought-stricken districts in the

turists.

"KNIGHTED.

the

NEW: SOLICITOR-GENERAL.

ཡ

TIBETAN SITUATION,

TROOPS, IN DESPERATE

STRAITS.

CUBAN SUGAR CROP.

EXCEEDS PREVIOUS

RECORDS.

London. Received Oct: 24, A telegram received in New London, Received Oct. 24 York frum Havana (Cuba) "estim

ates the sugar crop as 2,429, The Changtu correspondent of Reuter atates that the Chinese 200 tona, which is beyond any soldiers in Eastern Tibet are in previous figures: desperate straits for fond an money, sad grumbling againul

inaity.

What is Contemplated?

Houter's

[Service to the Telegraph."]

Loudon. Received Oot: 24. Crowds assembled on Dublin

Reuter's

FOUNDERED STEAMER,

ONE SURVIVOR.

Reater's [Service to the "Telegraph.")

London. Received Oct. 24. The sole survivor of the Yout

kusten, has been brought to a Hernoo Sand. There were 25

(Bervice to the "Telegraph."]'

London. Received Oct, 24. Reater's New York, corres- quays, including many priests, in pondant reports that a terrible anticiption of the departure of 50 explosion has occurred at children last evening. They aaug colliery at Dawson, New Mexico, passengers aboard and 20 orew. "Faith of sur Fathere" when the 284 aan being entombed, of The survivor clung to the rigging steamer left without taking the whom 22 have been rescued. Six with a number of firemen, who childron, and raised obears, for bodies have up to the present dropped off in the night. the Archbishop.

been recovered.

Mrs Montefiore, sa English writer and a Socialist, who was chiefly responsible for providing homes for the children, has been

A later message says that the Indy scrested at Kingstown is the daughter of an American Senator, Mr Gage,

the

we must see that it is not a Sun- day.

Mr. Dowley-Would not two

Mr Bowley And they ex-months be sufficient, Mr. Obair

London, Received Oot. 24. The papers are of opinion that the N tionalisation of Railways isentemplated. The Unionist Press amorts that the appoint arrested on a charge of the abdue-coeded them. If there had been man? ment of the Commission, together tion of 18 Dublin children. They one or two more voting for the The Chairman:-The poll that with the Lasil Campaign, is in have arrived in Liverpool, and resolution wa should have had has been demanded is of the andled to divert attention from were boused with Trade the requielte majority of three whole of the shareholders in the Ulster, und believe that the Unionists.

quarters. I think it was rather company, and those who are Government is afraid of the

surprise to BOMB of absent would have a

to give shareholders possibilities of an Ulster rising,

prezent proxies. Wo'don't want to keep and is contemplating an early

when the chairman said that the it too long. We see your point resolution was passed. I dont but we want to give a fair lime, election:

want to enter into any legal argu- The Chairman:Mr. Bowley, ment with the legal gentleman the tenth of January, that is who is opposing this resolution, I eleven weeks. Well, gentlemen, have not the honour to be the the poll that has been demanded legal adviser to the company, nor is a poll of the members to de I represent a single share the company and in orde bolder here except myself, but to acquaint them, a time will have, think it would be of interest to to be given so that the membere Home of the shareholders, to hear at home can come and vote, and what my opinion is on that as an if they cannot come out they can because my Therefore I have to announce on am convinced,

FLIGHT TO CARIO.

AUSTRIAN RESTRICTION.

M. D'Aucourt and his passenger bave reach Ennst after having experienced some engine trouble.

remmending the dividend on the same lines as it had been paid since the new issue of capital was made, and now they have been advised diferently.

άστο

not

I

able Saturday Saturday January 10 st to-day noon,

London. Received Oct. 23. A Paris telegram states that the Austrian Government has Mr Grist, speaking on behalf forbidden the airman D'Ancourt of a certain body of share-investing shareholder, because I send proxies to represent them, to fly over southern Haugery, holders at the meeting and he has, therefore, been oblig4th Oct., and again to-day, argued opinion in that a great many that the poll will be taken on

are been shareholder that the company had ed to change his route to Claira.

Aviator Reaches Ebnat. trading on the unpaid call: I to be present

can assure you that this was not because they are not in the colony Mr Gristr Obaitan, an when the auditors called at Gentlemen, I was an old share with reard to fixing noon I would- tention to the payment of divend, holder when this new issue was suggest it be fixed much earlier. nor is it so now, for I look on the offered to us. I took up the new The Chairman:-It struck me debentures of this company issue and I hold old shares and when I said it. almost if not quite as good a tow shares, and when I took up

Mr Grist Because it takem now shareholdere should receive security as Bank of England the new issue I was under the four or five hours at least..

Dr Noble,We will try to take no o cnpensation for this liability stock. He (Mr. Grist) further impression, the impression I have or the benefit of the credit so stated that it would be fairer to held ever since, that the dividend it under; obtained by the company and on call up the unpaid capital, so it on the new issue would be pro Mr Grist-I don't think you' that ground I oppose the passing is clear in a nutshell that a cert rate on the amount paid up on will succeed.

Dr Noble :—It will take nine of the resolution. There is alau sin body of shareholders who the new issue. (Applause).

Until this year we have always weeks.

Mr Grist:-It will take a very

.otherwise.

now

penses.

10a."The Company shall pay

long time to take a poll.

The Chairman We will fix at eleven a.m. Nothing more to

Mr Grist ? .

Mr Grist-No. Thank you. The Chairman :-Gentlemen, that concludes the business, thank

you for your attendance.

The meating then concluded. Analysis of the voting..

Those who voted for were :anje

Messrs Gibbs,

Walker, Manak,

Lloyd,

Potts,

Weill,

their officers. Constant den held in June last and wald anther and perhaps trenger hold a large proportion of the for assistance rerch Tat-Sign-Ive heen held them but for reason why this resolation partially paid up shares are received that dividend and I be from the troops near the file the threats made by certain large sinuld not be passed and that is taking an unfair advantage of lieve that the majority of the frontier, but theyure compulsori shareholders Those threats they when the now shares were shall I say a flaw or omission on investing shareholders in this ly refund, owing to lack of gave effect to on October 4th the issued the company by the issue the Articles of Association, to force company have been perfectly it funds. The winter is now belate on which the last meeting of them agreed to sell to the new the majority of your directors to satisfied withe this dividend. And the opposition as Dr Noble ginning, and Tibetans, ever on the alert, are ready to attack the was held. Whether they will do whareluilders 8/20 ha of the on- make all shares fully paid up.

o again to-day remains to be seen cern, there being nothing in the when in their opinion as business bas just told you is engineered by enemy at a favourable opporI am divulging no secret gentle Articles of Association allowing men, they do not consider it speculating investore, who are mon, it is, and, has been for the company to differentiate bein the interests of the sharehold trying to take advantage of what months past known to many and tween the old and new share era as a whole, or in the interests obviously is some clerical error in Car- the drafting of the articles of the has been freely discussed in the holders in respect of dividends of the company to do so.

An attempt tainly the absentee aharaböllare company. Task you therefore, street. Gentlemen, I ask you to for COMPANY MEETING.

being mode to should have the the situation fully gentlemen, to vote for this resolu vote for the Resolution. (ap-is

bear in mind Sion and to the new deprive plause).

share put before them. "(Continued from page 5.).

Mr Griet said:Mr Chairman holders of their rights to receive Until the Resolution before you that a three quartere majority is We have be- this 8/20ths which they have is passed and confirmed your necessary to carry this resolution. United Provinces, 80 lakhs fperty should enable the debeu and Gentlemen.

The Chairman:-Anyone else rupees have already bean ad- tares to be entirely liquidated. fore us to-day precisely the same purchased. I do not think it directors cannot very well recom vanced for the relief of agricul. But no, they will not listen Resolation that we had before us competent to the larger sectionmend a dividend at all, end the wish to addres the meeting? to, this propsition. They want at the meeting held on the 4th of shareholders to pass the predelay is not fair to shareholders Alter asking those present to the Capital called up even though inst. At that resting an amend sent resolution which would hwo (particularly those residing at address the meeting, gentlemen, I shall put the resolution. Aeno. by doing so they will not be ablement was proposed but only with the effect of depriving a smaller ome) who may be counting on to accomplish their avowed object a view to making the Resolution section of shareholders of their their dividends for current ex-one else wishes to address the meeting I will now put the re- of paying off the debentures. The retrospective. The shareholders rights to the advantage of the

solution, Propored by myself bastle sy is pay off tho deben rejected the measure and express- larger section. An easy solution

I submit in all equity, that the and secondled by Me Maitland, that tures." They will be satisfieded an opinion adverse to it, but of the difficulty would be to with nothing else. They say give in spite of this the Directors call up the unpaid capital in question before the meating, at the following new article to in- us smaller dividende, but ray off have lought fit to call the respect of the new shares and present should be treated asserted in the company's articles separate ofuracciation-after artiole No. 10. the debenturen. How many men present meeting and again make all the shares fully paid. it is, it being a

op. ot the unpaid capital London, Received Oct. 24. are there in business who, trade bring the matter forward. With This would be fair on both clases matter from the one of callig

Bolely on their own Capital, when regard to

merits or hf shareholders 'nd it would then Mr.8.0. Buckmaster, the newly-they ca Farrow at per cent and demerits of the Resolution I do be no longer necessary to dlter the and I ask your support to enable the dividend to be paid as hare- appointed. Solicitor-General, has

cotapany. It part 12 per cent, on the money s not think I can usefully add any conatitution of the

tofore; it is certain that no share- received the honour, of Knight borrowed? Al who have pur-thing to what I said at the last would, placo all shareholders on hood.

chased these new shares at a meeting a copy of which I will an equal footing and they would holder expected anything but a premium have done so with their read.

all rank alike in respect of divid-pro rata dividend when the new jesuo was made or the poist eyes wide open, they have be30 The objects for which the pre-ends and in all other respects. would have been raised, long

Mr. Maitland said I am purchased by some with the sent meeting has been called have direct object of forcing the Com- been fally explained to you and somewhat surprised to find that go The Chairman:-Dose any Those in favour please signify pany to make this call. This is shortly are that the constitution there is opposition to the passing

other gentleman, wish to address in the usual way. For, 21 London, Received Oct. 24. made clear by their statement, of the company does not allow of the Resolution before you.

Twenty one hands! Now those dif- I do not suppose that a single the meeting? Another severe earthquake that should they fail to carry it to pay a larger or

Mr F.B.L Bowley:-Mr Chair against, gentlemen. Against, 24 experienced over the whole of the their point at the present time, ferent dividend in respect of shareholder expected that the Isthmus is reported by Reater's they will erntinue to buy shares the fully paid shares than dididend would be paid otherwise man, Mr Grist in addressing the on the show of hands, gentlemen. correspondent at Panama.. The till they have acquired more than the partly paid ahares although than pro rats, nor that the fally meeting just now made a remark Therefore the resolution is lost;

Dr. Noble-I demand a poll Canal zone, however, was not half the Capital of the Company it has done for years past. I paid up shares would receive which I should like to challenge. damaged,

or a sufficient number of shares is now sought. to alier the con- twice as much as the partially He stated at the last meeting that of all shareholders. Gentlemen, to force the hands of thore stitution of the company to enable paid up shares, until the point the shareholders objected to the I think it is necessary that more raised by the auditors, resolution and as some of the than one shareholder should mako who are now unwilling to or rather make it imperative upon was accede to their wishes. Do the it to pay a divident pro rats and even then a very large gentlemen present were not here this demand. Will five other majority of the shareholders want in proportion to the amounts paid proportion must have expressed at the last meeting, I should like gentlemen back me up?

A number of gentlemen put up smaller dividends, what think up 01 the shores entirely surprise that there was anything to state that what happed at you? The very ones who now forgetting or losing sight of the in the point, which in my opinion the last meeting was, first their hands...

The Chairman-There are London, Beceived Oct. 24, say give a smaller dividende fact that the company is as regards the Hongkong Hotel I remember a speech by Mr Grist Reuter's correspondent at Bom- bave said to me, year after year trading at any rate in part Co. is sgainst equity although it and the resolution and the votes more than live. That, of course,

for the resolution greatly exceed bay reports that a. pearl merchant" a very good report, but next upon the credit of its uncalled may be the law, here has failed, his liabilities year I hope you will give us papital, that is the liability of the Even on the law side there ed the votes against the resolu- amounting to the sum of 40 lekha larger dividends (Laughter) holders of the partly paid shares must be a difference of opinion tion that is to ss*=" of rupees. A ghee merchant bag Why this sudden change? This for the unpaid amounts. It is for your directors were art ad. The chairman also failed for three lakhs, meeting should have been chriously unfair that they the vieod that they were in order in expanded,

PANAMA EARTHQUAKE,

BOMBAY FAILURES

י.

tho

"dividend, in respect of

30

any existing or new "aharea of the Company. "in proportion to the

41

S

amount paid up on each whare where larger

"some ahares than "others."

"amount is paid up on.

on

means that the poll will have to be taken on a fixed day, a date some time hence, I should think greatly three months. We have a galen- dar here. We will reckon it now.

Lai Chan.

Olarke,

Leung Kam Ming, Fang Tot Bang, Geo. Lammerf, She Po Shan

Landale,

Bowley,

Bopuar,

Maitland,

Skott,

Goelz

Dr. Stedman,.

Doo and

Dr. Noble,

Mesara Grist,

Against

Ford, Lee,

Chan Fu Shun, Vessoons, Sternberg,

E. S: Ellis, Noronha,

M. D. Silas, E. E. Ellis, Avenell, E. Raymond, J. E. Raymond, Galluzzi, Tobias,

Logan, Basto,

Lorris,

S. H. Michaels, S. Michaela, Wong Lui Tai, Alves

O. D. Silas,

Ivor Gourgey, The chairmen did not vote.