Page
February 20, 1895. J.
SUPREME COURT.
18th February.
IN CRIMINAL SESSIONS,
BEFORE HIS HONOUR MR. A. G. WISE, ACTING PUISNE JUDGE, AND A COMMON JURY.
THE FATAL AFFRAY NEAR HAPPY VALLEY.
Cheung Chun San was charged with the murder of Wong Kin on the 13th January last. He pleaded not guilty.
The following jury was empanelled :-Messrs. W. H. Wickham. C. G. Eugel, F. R. W. Grim ble, G. Patton, C. Tomlin, A. F. Osmond, and C. F. Grossman.
The Attorney-General(§Ton. W. M. Goodman), instructed by Mr. A. B. Johnson, Crown Soli citor, conducted the prosecution; the accused was defended by the Hoo. Ho Kai.
The Attorney-General, in opening the case, stated that on the morning, of the 4th January the accused was caught stealing a quantity of blue cloth bleaching near the Happy Valley, and in the struggle which followed stabbed Wong Kin in the stomach and another man, who caught hold of him, in the leg with a pocket knife. Wong Kin died from the injuries he received on January 13th.
Soveral witnesses were called who witnessed the affray.
For the defence Dr. Ho Kai submitted that even if the prisoner did stab the deceased there was no malicious intention to kill.
By a majority of five to two the jury returned verdict of manslaughter, and the prisoner was sent to gabl for seven years.
THE TAIPINGSHAN ARBITRATION
BOARD.
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CHINA OVERLAND TRADE REPORT.
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137
and dead stook. have both been written down. at a very short distance from us. To many of the former $100,000, the latter $64,000 odd. us these causes mean a diminution in our profits, The sterling deposits show a slight increase and very much greater anxiety in obtaining upon the amount given in the previous report, these lessened earnings; but, gentlemen, in $3,064,000 against $2,942,000: they have spite of these troubles our great institution for some time remained almost stationary, and seems to be able to thrive and increase its profits are quite as much as we would wish them to be by leaps and bounds, (Applause). I look for in the meantime. There has been a remarkable ward to the future of the Bank with the greatest increase in the silver deposits, say $73.654,000 confidence. Ordinary trade has undoubted. on the 31st December last, against $64,240,000 ly been interfered with in a great measure on the 3th June, 1894. The large amount of ash by the present war between China and Japan. we held on the 31st December, viz., $36,874 915. is but all of us are hopeful that peace will evidence of the considerable accumulation of silver speedily be declared, and I trust that the there is at present in the East and in the Far East. rulers of China may see the mistaken policy Our sterling investments aggregate £797.309, they have for so long adopted, and may re- of which large amount £730,000 consist of 2 form their system of Government, and throw per cent. Consols, a very satisfactory item con- open the country to foreign trade and capital. sidering the present big price of such securi- If these reforms could be accomplished what an ties. I may remark that we have not written increase in all descriptions of business might bɔ up any of our sterling securities; as I men-anticipated, not only in imports and exports, but tioned at the last meeting they show a rery in railway and mining material and machinery, large profit upon the price at which they stand as well as shipping. I am sanguine that some in our books. (Applause). Bills payable and such change is likely to take place before very bills receivable stand at $22,331,000 for the long, and then, gentlemen, I hope that all of us former, and $57,530,000 for the latter, pretty may benefit by it, and last but not least the much what they were last half years both Hongkong and Shanghai Bink. (Applause). I items are evidence of a very large current | am very glad to police that the good work business going on. Up to the present the war which has been done for the shareholders between China and Japan has not had much by the staff of the Bank is to be recognized, effect upon trade, but should it contibus for | and that a bouus of 10 per cent. on their salaries any length of time, and the sphere of its opera- for 189 has been included in these accounts. tions be enlarged, the effect would be most That this is most thoroughly deserved I am sure serious to all foreign trade; let us hope that you will all agree. It is a long time sincs such peace may soon be an accomplished fact (Ap- a bonus has been given, but the withholding has plause). During the half year the Bank nezo. undoubtedly been caused by the Directors” wish tiated a loan of Tls, 10,900,000 for the Chinese to build up their reserve fund, until this has Government in London with satisfactory results, assumed satisfactory proportions, and to stady and quite recently a further loan for £3,000.000, economy in every way; in fact, to be just be both loans secured by the Chinese Maritime fore being generous, It is very assuring in Customs. Dealing so largely as we do with silver. more ways than one, therefore, that the Direc
suppose I am expected to say something about tors recommend this bonus to be paid, and I the white metal. Our policy has been and is to hope that all shareholders present will nogrudg. take things as they come, and be guided from ingly support the action of the Board, and will day to day by the news we receive. We find it tender to the staff and management their than s much easier to swim with the stream than against for the successful results achieved, and this time it. We continue the policy of keeping as far as let this not be a mere vote of thanks but an ao- possible upon an even keel with regard to our knowledgment in practical shape of the share- gold commitments. We are doing so well in our holders' appreciation of the work done. (Ap- ordinary business that we are not tempted to take plause). There are many points I could call your undue risks; we prefer to follow that absolutely attention to as regards the fi rures contained in safe course of action we have recently found so the accounts, but I will not detain you further satisfactory. (Applause.) What the future of than to say that I have nothing but satisfaction silver is going to be I leave to wiser heads than to express; the position is sound and good, and miue to speculate upon. Your Directors have the policy of the Board is of a safe and sure kind, again, for the fourth time in the anuals of the and one that I hope will be continued; if so, Bank's history, desired to specially recognise gentlemen, we may, with the ordinary good for- the zeal and general ability of the staff, and have tune of the Bauk, expect to fiul in the course of voted our employés a bonus of 10 per cent. on the next twelve mouths our reserve fund-now their salaries for 1894, and I am confident that standing at five millions-increased to six HALF YEARLY MEETING.
you will warmly endorse this action of ours millions, and then we poor shareholders may look The fifty-ninth ordinary half-yearly meeting of (Applause). At the same time we wish here to forward to a larger dividend than that we are to the shareholders of the Hongkong and Shanghai record our sense of the services rendered by our receive for the past half year. Such a prospect, Banking Corporation was held at the City Hall, managers, agents, and staff, and in recognition gentlemen, it is well worth our while working on Saturday, at noon. Mr. C. J. Holliday oc of which we have passed this vote. (Applause) for, and we must in every shape and form do our cupied the chair, and there were also present I feel sure I am only echoing the unanimous feel- utmost to assist the Bank's development and the Hon. J. J. Keswick, Hon. A. McConachie, ing of every shareholder present when I express prosperity. In conclusion, I have mach pleasure Messrs. J. S. Moses, R. M. Gray, H. H. the very deep sorrow your Dirotors felt at the in seconding that the report and accounts, as Joseph, J. Kramer, St. C. Michaelsen, D. R. great loss sustained by the community generally. submitted, be passed. (Applause). Sassoon, N. A. Siebs (Directors), T. Jackson and the Bank particularly, in the lamentable (Chief Manager), A. Coxon, J. R. M. Smith, death of their lato colleague, Mr. Hoppius. 1 Hon. C. P. Chater, H. N. Mody. J. C. Peter, bring my remarks to a close by congratulating CJ. Gonsalves, J. R. Anton, G. Stewart, F. the shareholders upon the present most satis N. Firth, F. Henderson, K. A. Chinoy, J. A factory condition of the Bank. Its career never Chinoy, H. C. Gotta, R. G. Sheway, . F. looked more promising than it does at the pre- Riper, R. T. Wright, W. S. Bamsey, Hon. sent moment. Lond applause). I shall be very E. R. Belilios, S. S. Benjamin, J. M. E. Mac-glad to answer any questions which the share- chado, A. G. Wood. G. B. Dodwell, G. C. Cox, holders may wish to address to me before moving J.M. Alves, W. H. Gaskell, E. F. Alford, J. J. the adoption of the report and accounts. Bell-Irving, G. Brady, J. R. Michael, P. Jordan, Captain Tillett, T. Brown, G. H. Potts, J. D. Humphreys, E. D. Sanders, A. Sharp, G Murray Bain, Ho Tung, E. S. Kelly. Douglas Joues. C. Barlow, J. B. Coughtrie, S. G. Bird, C. Palmer, E. Georg, B. Laytou, J. S. Ezekiel, A. Hancock, HHumphreys, and D. Gozrow.
Since our last report of the mesting of the Taipingshan Arbitration Board, the Board has made the following awards:-
No. of
Amount Amount claimed. offered.
claim;
37
$ 5,000
$ 4,000
42
7,139
6,300
9
6,006
4,000
49
3,003
2,000
51
13,465
13,0.0
54
7,300.
59
32,000
64
5,625
5,200 26,400 5,100
Amount awarded.
$ 4,200
6,300 4,000 2,000 13,000 5,700 26,400 5,200
HONGKONG AND SHANGHAI BANK ING CORPORATION.
No questions were asked
The CHAIRMAN-There being no questions I beg to propose that the report and accounts be adopted and passed.
Mr. . B. DoDWELL said-Mr. Chairman and gentlemen, I have much pleasure in seconding the report and accounts submitted, and in doing The CHAIRMAN, having read the Directors' so I wish to congratulate the management on half-yearly report, said-Gentlemen it affords the very satisfactory results they have been able the Directors great pleasure to come before you to show. Not ouly, gentlemen, do these accounts with such a report as the one you have just listened give us au increase in our dividend of 5 shillings to The half year under review was a very pros- per share; but they allow of the substantial perous one for the Bank; profits were unusually sum of $500,000 being added to the reserve, good, and we had an almost total immunity from thereby bringing that fund up to $5,000,000, losses. Our shareholders will be glad to have and this has been possible after writing off the the extra dividend of 5s, per share, making 253. large sum of $160,000 odd from the Bank for the half year, instead of 20s. which they have premises and from dead stook. (Applause) recently been accustomed to. The addition of Bear in mind, gentlemen, that all this has five lacs to the reserve fund is a most grati- been accomplished during very trying times, fying feature. (Applause). You will notice that with silver fluctuating, and falling to we know the unproductive accounts, viz., Bank premises' not where, and whilst an unhappy. war is raging
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Carried unanimously.
Mr. J. J. BELL IRVING-I beg to move that the appointment of Mr. Siebs to the Directorate in room of the late Mr. Hoppins by confirmed, and that the Hon. J. J Keswick and the Hon. A. McConachie bo re-elected Directors.
Hon. P. C. CHATER-1 second that. Carried,
Ilon. E. R. BELILIOS-I have to propose the re-election as auditors of Messrs. F. Henderson, A. G. Wood, and S. G. Bird.
Mr. GERSHOM STEWART-I have great plea- sure in seconding that.
Carried.
Mr R. SHEWAN said-Gentlemen, we all ro- ceived with great pleasureand gratification the very fiue report which has just been read by the Chairman, but while it is very comforting to know that our interests are being so well cared for and our affairs so prosperons, we must not overlook any of those to whom such good results are dus, but, as Mr. Dodwell said, show our prac- tical appreciation of the work done. I do not refer to our Chief Manager Mr. Jackson, for we know that he is facile princeps among banks 8, and it would be absurd of ms to alt mpt to dilate upon bis m rits to a Hongkong audi-nes or to any shareholders in this Bank, nor do I refer to the staff under him; for I am glad to learn that their efforts have been recognised and their work encouraged in a substantial manner and in a
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